The Business Times, 26 January 2015

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Total Pages: 27
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, January 26,2015
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  • DAILY DIGEST
    • Article
      Lock icon Regional banks
      33 1 appear to be better placed to capture greater trade flows or meet retail banking demand in emerging markets, as international banks retreat from some countries, EY said last week.TOP STORIES 4
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    • Article
      Lock icon Declout Ltd
      40 1 an information and communications technology provider, said it has acquired some 520,000 new ordinary shares of its subsidiary Corous360 for S$7.36 million, shoring its interest in the subsidiary back up to a 100 per cent. COMPANIES MARKETS 7
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    • Article, Illustration
      Lock icon Tests done on new wells
      44 1 that boosted the fortunes of oil developers by billions of dollars during the US shale boom are coming under scrutiny. The one-day performance tests don’t provide enough data to predict future potential, according to a study. ENERGY COMMODITIES 16
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    • Article
      Lock icon The Singapore government
      47 1 is tapping the power of technology and the widespread use of smartphones here to give the public a common platform to provide feedback on municipal issues more effectively. A new mobile app –OneService was launched on Sunday by the Municipal Services Office (MSO). TECHNOLOGY/18
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    • Article
      Lock icon McDonald's
      31 1 reported sharp declines in sales and earnings, further evidence of the impact of tough competition and changing consumer tastes on one of America’s biggest and best-known restaurant brands. CONSUMER 20
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    • Article
      Lock icon Indian Prime Minister
      27 1 Narendra Modi broke with protocol to meet and bear-hug US President Barack Obama as he landed in New Delhi on Sunday. GOVERNMENT ECONOMY 23
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,411.50 +110.82 KL COMP 1,803.08 +59.51 NIKKEI 225 17,511.75 +647.59 HANG SENG 24,850.45 +746.93 SHENZHEN B 1,074.10 +0.75 DOW 17,672.60 +161.03
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  • Article
    Lock icon Par policies could yield lower bonuses with new risk-based capital framework
    809 1  -  Observers say life insurers could either restructure par policy bonuses or move to cut bonus rates, to mitigate squeeze on their finances By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore LIFE insurance policyholders of participating (par) products can expect bonus restructuring,
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  • Article, Illustration
    Lock icon Firms increasingly tapping digital technology to engage customers: Tata unit
    1030 1  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore COMPANIES are realising that digital technologies have become major tools in connecting with customers. Today’s digital natives that is, those born after 1980 into a world of digital technologies want a physical experience
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      76 1 Hill 8 '*****1 *****4 HAL YAMASHITA AT SYUN More functional than special DINING OUT/27 DELIVERY VAN-BOOKING APPS Good prospects in Asia, but not in Singapore TOP STORIES 4 TOPLINE Ad-citing times for master retargeter Criteo companies markets 6 BUSTING GRAFT The tone from the top is key VIEWS FROM THE
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  • TOP STORIES
    • Article, Illustration
      Lock icon How likely is it that par products’ bonus rates will be affected?
      1090 2  -  One gauge is to compare insurer’s allowance of provision for par fund’s non-guaranteed benefits with total assets By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FROM time to time, participating (par) insurance policyholders complain that the bonuses they receive or
      Source: Monetary Authority of Singapore website, Compiled by BT  -  1,090 words
    • Article
      Lock icon All eyes on Fed’s take on oil, forex market upheavals
      873 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, US stocks rallied and European benchmarks hit all-time highs as traders applauded the European Central Bank’s (ECB) quantitative easing (QE) programme. The broad indexes are likely to test record highs this
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    • Article, Illustration
      Lock icon Delivery van-booking apps seen having good prospects in Asia
      881 4  -  Absence of proficient logistics infrastructure and growth of e-commerce ensure greater demand: industry watchers By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE is not about to witness the same war embroiling delivery van-booking apps like it did with taxi-booking apps late last
      FILE PHOTO  -  881 words
    • Article
      Lock icon Regional banks better at meeting emerging markets’ retail demand
      416 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore REGIONAL banks appear to be better placed to capture greater trade flows or meet retail banking demand in emerging markets, as international banks retreat from some countries, EY said in a report last week. “The
      416 words
    • Article, Illustration
      Lock icon Top investors put pressure on Standard Chartered boss to resign: report
      301 4 REUTERS London STANDARD Chartered’s two largest investors have told the bank’s chairman to find a replacement for chief executive Peter Sands within months, The Sunday Telegraph reported, without citing its sources. The newspaper said that Temasek and Aberdeen Asset
      REUTERS; PHOTO: BLOOMBERG  -  301 words
    • Article
      Lock icon Snubbed by US and Europe, Kremlin looks to Asia at Davos
      1142 4 NYT Davos, Switzerland ON opening night at the annual gathering of the moneyed here, Russia’s state-owned bank VTB put on a lavish party, with dancers in gorgeous versions of Russian traditional dress, Russian-style nouvelle cuisine and raucous music by,
      NYT  -  1,142 words
    • Article
      Lock icon DB Platinum
      9 4 Crod Branchen Stars R1C-A 16/01/2015 222,16 EUR
      9 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      278 2 Over 30 years of delivering consistency Phillip Futures, your Trusted forex partner Talk to Phillip Futures Start trading FX today, with Singapore’s first online broker. Phillip 5854 ***** L 0.***** c iilVfl 100.000 mama mil OS Market Slippage J Market Slippage si.pwe 0.7 H 0.***** S 1 964 0.***** 1.5
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    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      158 2 THE ONE PLACE FOR ALL YOUR LOGISTICS NEEDS. An integrated container depot on the roof top enhancing logistics efficiency and productivity 5-storey ramp-up warehouse with sizes from 80,000 to 280,000 sq.ft. Purpose-built to store Flammables, NEA-Controlled Chemicals, Project and General Cargoes For enquiries, please call 6279 7310 or email us
      158 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Ad-citing times for ‘retargeter’ Criteo
      950 6 / 7  -  It has 17 offices globally and runs campaigns in over 130 countries. TOPLINE BY JOYCE HOOI YUKO Saito is in the business of following you across the Internet, long after you’ve abandoned a shopping cart filled with jeans, books or a trip to Bali. If
      PHOTO: YEN MENG JIIN  -  950 words
    • Article, Illustration
      Lock icon Explaining “comply or explain”
      924 6 / 7  -  The term has been criticised in corporate governance for not being clear about whether a rule should be applied or not. BY LYN BOXALL T The writer is a member of the Professional Development Committee of the Singapore Institute of Directors. THE approach to regulating for
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    • Article
      Lock icon DeClout acquires shares in unit Corous360 for S$7.36m
      543 6 / 7  -  The infocomm company now owns 100% of its subsidiary By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DECLOUT Ltd, an information and communications technology provider, said it has acquired about 520,000 new ordinary shares of its subsidiary Corous360 for S$7.36 million, shoring its interest
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    • Article
      Lock icon Directors’ trading activity up; buybacks decline
      1542 6 / 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited TRADINGS by company directors rose with 20 companies recording 52 transactions worth S$18.3 million in the Jan 19-23 week, according to filings on Singapore Exchange. The figures were up from
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    • Article
      Lock icon F&N inks extension of licence agreements with Nestlé
      355 6 / 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FRASER and Neave Limited (F&N) has, through its Bursa-listed subsidiary Fraser Neave Holdings Bhd in Malaysia, signed several agreements with Société Des Produits Nestlé SA and Nestec SA collectively, Nestlé to manufacture and distribute Carnation, Bear
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index Jan 23,2015 3,411.50 +110.82 (+3.36%) Current streak 5 days Week high 3,411.50 Week low 3,307.70 52-week high 3,411.50 (Jan 23, 2015) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist index Jan 23,2015 737.86 +9.40 (+1.29%) Current streak 1 day Week high 738.74 Week
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    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 257 +12 257/244 257 206 5.5 6497.9 CapitaLand 356 +31 364/324 364 268 17.8 2.2 *****.5 CapitaMall Trust 225 cd +7 226/213 226 180 4.6 7803.7 CityDev 1053 +57 1061/998 1118 860
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    • Article, Illustration
      Lock icon FOMC, Greek polls take over from ECB meeting
      581 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE attention this week shifts from one central bank to another, with the added twist of Greek elections to throw a spanner in the works. The US Federal Reserve meeting on Tuesday is likely to keep
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Jan 23,2015 820.63 +26.01 (+3.27%) Current streak 5 days Week high 820.63 Week low 796.13 52-week high 820.63 (Jan 23, 2015) 52-week low 733.83 (Feb 7, 2014)
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low DBXT USDIGInfl US$ ***** 1070.8 2.9 *****/***** DBXT Nifty US$ ***** 532.7 2.8 *****/9759 SPDR S&P500 US$ ***** 527.4 1.9 *****/***** GLD US$ ***** 481.9 3.0 *****/***** DBXT AUDCS AU$ ***** 425.9 1.9 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Advance SCT 0.2
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low DBXT S&P Short US$ 2227 -105.7 -3.4 2752/2197 DBXT Vietam US$ 2672 -61.6 -1.7 3100/2403 DBXT CSI300 US$ 997 -33.5 -2.4 1044/613 Kep Corp.ES.1501 815 -24.0 -2.9 839/815 Lyxor EastEur US$ 408 -21.4 -3.8 533/396 BY PERCENTAGE CLOSE DOWN 52w high/low FalconEne W*****8
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Lasseters Intl 50.1 0.099 +0.026 +35.62 ChinaSing Inv^ 11.2 0.010 -0.003 -23.08 Advance SCT 107,400.0 0.002 +0.001 +100.00 Shanghai Turbo 38.1 0.085 +0.015 +21.43 Asiatic 15,047.2 0.030 +0.002 +7.14 SingHoldings 1,482.8 0.345 +0.025 +7.81 MYP 173.8 0.180 +0.016 +9.76 Ho Bee Land 2,824.9 2.030 +0.080
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Advance SCT 849,734,200 SIIC Environment 313,478,900 Resources Prima 292,975,600 IHC 287,012,500 Golden Agri-Res 233,167,900 Market volume 8,903,607,000 VALUE DBS Grp 322,112,524 SingTel 309,463,921 CapitaLand 303,136,707 UOB 288,056,665 Noble 182,820,374 Market value 5,867,341,000
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    • Article
      Lock icon SGX ETFs Most Active
      112 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap ABF SG Bond ETF 117.3 +0.3 ***** 117.3/116.1 118/110.2 117.3/117.5 535.5 IS MS India US$ US810 +34 932 810/771 810/541 807/810 101.3 STI ETF 347 +13 918 349/336 349/298 346/348 UETF SSE50China 230 -5 874 232/216
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    • Article
      Lock icon COMPANY MEETINGS
      104 8 COMPANY MEETING PLACE DATE TIME A-Sonic Aerospace E 10 Anson Road #24-07 Intl Plaza 26-Jan 3.00pm China Fishery A Vanda Ballroom (Level 5) E Marina Mandarin S.pore 26-Jan 9.30am 6 Raffles Boulevard Marina Square 26-Jan 10.00am 10.00am KLW Hldgs E 101 Thomson Road #30-02 Utd Square 26-Jan 2.00pm
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 23 VALUE CLOSE BT OB/OS -56.00 +129.00 BT CADI -*****.00 +124.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 782.17 +7.55 FTSE ST Small Cap 503.15 +1.13 FTSE ST All Share 820.63 +9.08 FTSE ST China Top 196.83 +2.48 FTSE ST China 237.17 +3.39 FTSE
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Jan 23,2015 1,787.71 +45.81 (+2.63%) Current streak 5 days Week high 1,787.71 Week low 1,760.33 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 2 0 0 0 0 14 2 0 Manufacturing 87 50 37 20 11 8 107 61 45 Commerce 33 21 18 10 9 1 43 30 19 Tpt/Stor/Comms 34 5 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 99,485 99,485 303,086 303,086 Manufacturing 1,145,713 219,543 1,365,256 470,515 24,434 494,949 Commerce 444,627 245,115 689,742 512,943 11,808 524,751 Tpt/Stor/Comms 568,159 1,114 569,273 879,769 258 880,027 Finance 90,681 164 90,845 931,799 35 931,834 Construction 102,221 61,727
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    • Article
      Lock icon Oil falls to lowest since March 2009 as Saudis signal continuity
      792 8 COMMODITIES BLOOMBERG New York OIL fell to the lowest in almost six years on speculation that the death of King Abdullah of Saudi Arabia will not signal any change in strategy for the world’s largest crude exporter. US benchmark
      BLOOMBERG  -  792 words
    • Article
      Lock icon Euro plunges to 11-year low amid stimulus bid
      422 9 CURRENCIES BLOOMBERG New York THE euro plunged to an 11-year low as Mario Draghi rocked the market with a sovereign-bond buying programme that exceeded forecasts. The 19-nation currency fell versus 27 of its 31 major peers and posted its biggest weekly drop
      BLOOMBERG  -  422 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.990 4.976 0.704 6.195 49.144 99.694 0.944 8.656 2.884 1.068 80.622 35.298 1.070 9.133 0.696 24.992 26.020 0.533 0.799 Canada 1.010 5.027
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jan 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0693 1.0706 0.7989 0.7994 Canadian dollar 1.0805 1.0814 0.8075 0.8072 Euro 1.5188 1.5199 1.1347 1.1349 NZ dollar 1.0016 1.0028 0.7483 0.7488 Sterling pound 2.0053 2.0065 1.4982 1.4983
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jan 23 S$ Bid Offer 1-month 1.3388 1.3397 2-months 1.3390 1.3400 3-months 1.3393 1.3403 6-months 1.3401 1.3411 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        368 9 Jan 23 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.63 *****.06 *****.76 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****4 Jun15 *****.00 *****.00 *****.00 *****.00 34 3911 MSCI TAIWAN INDEX FUTURES SPOT 349.27 351.28 349.27 Jan15 346.00 351.60 345.50 351.50 ***** *****5 Feb15 346.20
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        205 9 Jan 23 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Top Global Ltd W*****9 0.2 unch ***** Rowsley Ltd W*****3 4.1 0.2 ***** 1 18 21 DBS MB eCW*****2 10.9 1.7 ***** 0.1 0 5 Singapore
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Jan 23 Index Change Change Change Change Change Change World Preliminary 1290.3 0.4 1.1 0.7 1.6 0.1 0.1 EAFE Preliminary 1014.4 1.3 2.8 1.1 2.2 0.4 0.7 Europe Preliminary 1436.0 1.3 3.9
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jan 23 $S Offer Bid 0vernight 0.05 0.03 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6875 0.5625 Overnight mode: 0.04 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon SIBOR
        36 9 Jan 23 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Jan 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.01 5-Year N*****0H 1.625 01-Oct-19 101.35 101.33 101.30 10-Year NY*****H 3.000 01-Sep-24 109.69 109.65 109.50 15-Year NY*****E 2.875 01-Jul-29 107.42 107.40 107.00 20-Year NZ*****V 3.375 01-Sep-33 115.28 115.50 114.85
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        251 9 Jan-23 Price Net change change Last Trade Agricultural Jan-23 CBOT Soybeans (US cents/bu) 972.75 -4.00 -0.41% 13/03/2015 CBOT Soybean Oil (US cents/lb) 31.60 -0.37 -1.16% 13/03/2015 CBOT Wheat (US cents/bu) 530.00 -3.75 -0.70% 13/03/2014 Jan-23 LIFFE Cocoa (£/tonne) 1937.00 -24.00 -1.22% 16/03/2015 LIFFE Coffee (US$/tonne) 1903.00 -10.00 -0.52%
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    • Article
      Lock icon Shares of Box up 66% at US$23.23 in trading debut
      586 10 The cloud storage company is now valued at US$2.7b, above the US$2.4b valuation it received in a July private-funding round BLOOMBERG New York BOX Inc jumped in its trading debut after raising US$175 million in its initial public offering. The
      BLOOMBERG  -  586 words
    • IN BRIEF
      • Article
        Lock icon CSC Holdings warns of net loss for fiscal Q3
        59 10 CSC Holdings said on Friday it expects to report a net loss for its financial third quarter ended Dec 31, 2014, based on its preliminary review of the draft unaudited consolidated financial results. Further details of the group’s performance will be
        59 words
      • Article
        Lock icon International Healthway sets up S$500m MTN programme
        104 10 INTERNATIONAL Healthway Corporation said it has established a S$500 million multicurrency medium term (MMT) note programme. HSBC has been appointed as the sole arranger and dealer under the programme. The notes may be issued in any currency, in various amounts and tenors, and
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      • Article
        Lock icon UFS extends long-stop dates for RTO, proposed disposal
        174 10 UNITED Fiber System (UFS), which has been discharged of judicial management, said it has entered into a supplemental agreement with PT Dian Swastatika Sentosa Tbk (DSS) to extend the long-stop date to complete the acquisition of DSS to June 3. This is
        174 words
      • Article
        Lock icon China Yongsheng says talks to delist firm still on
        88 10 CHINA Yongsheng reiterated on Friday talks concerning the delisting of the company are still ongoing. The group first announced the board’s receipt of “a formal proposal from an entity related to certain executive directors of the group” in October last year,
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      • Article
        Lock icon Popular appoints financial, legal advisers for privatisation offer
        109 10 POPULAR Holdings said it has on Friday appointed PrimePartners Corporate Finance as the independent financial adviser to advise its directors on the privatisation offer tabled by the group CEO and his wife. Grand Apex, jointly owned by Popular’s group CEO and executive
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      • Article
        Lock icon Cosco announces delivery of two bulk carriers
        55 10 COSCO Corporation (Singapore) announced that Cosco (Zhoushan) Shipyard Co, a subsidiary of its 51 per cent owned Cosco Shipyard Group, has delivered 64,000-deadweight-tonne bulk carriers Komi and Darya Tiana to their European and Asian buyers respectively. The delivery documents were signed between Cosco
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    • Article
      Lock icon PRIME LENDING RATES
      261 10 Jan 23 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      889 10 Payment Ex Rec Pay Ann (cts) date date date date AIMS Property (1 Sep-31 Dec 2014) ag 0.132 29-Dec 31-Dec 13-Mar 22-Dec Ascott Res Trust (1 Jul-31 Dec 2014) ag 4.264 28-Jan 30-Jan 27-Feb 22-Jan Boustead S'pore ay 2.000 08-Dec 10-Dec 27-Jan 28-Nov BRC Asia ak 0.800 29-Jan
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1572 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price ARA Asset Management Ltd 1.67 2.00 3 10.27 16.27 2.03 1.67 Ascendas Hospitality Trust Mgtt 3.00 3.00 2 1.90 36.05 0.82 0.69 Ascendas India Trust 2.00 2.75
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  • Page 6 / 7 Advertisements
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      Lock icon Page 6 / 7 Advertisements Column 1
      86 6 / 7 Your trust and recognition make us proud to be Asia's global private bank. Q S' /< -5^-i S *5 4 !■> r C *3 c ■-i i Best Private Bank in Singapore, 2014 Asian Private Banker Best Private Wealth Management Bank in Southeast Asia, 2014 Best Private Wealth Management Bank
      86 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon At Home Group moves in just as JC Penney moves out
      1095 11 Home decor retail chain had already researched JCP’s over 1,000 US locations and knew which ones it wanted BLOOMBERG New York WHEN JC Penney Co announced this month that it would shut 40 US stores, At Home Group Inc
      BLOOMBERG; PHOTO: NYT  -  1,095 words
    • Article
      Lock icon Vietnam architect builds low-cost, high-tech home
      741 11 Bamboo and coconut leaf house is strengthened by steel struts and wall panels AFP Longan, Vietnam VO Van Duong’s bamboo and coconut leaf house looks much like others deep in Vietnam’s Mekong Delta. But unlike them, his seemingly simple abode is designed to withstand
      AFP  -  741 words
    • Article
      Lock icon London home-value gains slow in Q4 as market cools
      239 11 Bloomberg London LONDON’S home-value gains slowed to an annualised rate of about 5 per cent during the fourth quarter as high prices and restrictions on mortgage lending cooled the market, Hometrack said. Prices in the UK capital climbed 14.7 per cent
      Bloomberg  -  239 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      61 11 FACT. I don't have IT resources to manage a new ERR software! With FACT, there is absolutely no need. Call us today! ERP+CRM Software A truly integrated solution Serving Singapore companies proudly for 22 years FACT Software International Pte Ltd (*****6146Z) 10 Hoe Chiang Road #14-07 Keppel Towers Singapore *****5
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon BUSTING GRAFT: TONE FROM THE TOP IS KEY
      4289 12 THIS WEEK’S TOPIC How can CEOs build and sustain a graft-free corporate culture in today’s business environment? vish Iyer President, APAC Tata Consultancy Services THE CEO needs to set the tone in an unambiguous manner that the company would have zero tolerance
      FILE PHOTO  -  4,289 words
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      151 13 School of Economics SMU Master of Science in Applied Economics YOUR BRIDGE TO STRATEGIC ECONOMIC MANAGEMENT if: L Singapore's pioneering Master of Science in Applied Economics (MAE) programme is uniquely designed for people who make strategic economic decisions for their organisations. Equip yourself with advanced knowledge in economics and the
      151 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The bull case for oil
      2910 14  -  Capex cuts and guidance by oil majors should be scrutinised as they report results this week.BY week.BY MARK LACEY, JOHN COYLE T The writers are Schroders fund managers THERE is a perception that global crude markets are significantly oversupplied. Markets are indeed oversupplied today. hey
      AFP  -  2,910 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      105 14 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Green debt issuance booming, but are the bonds really green?
      654 15 Investors want safeguards against bogus proposals; top US companies among sellers REUTERS New York ISSUANCE of green bonds for companies working on battling climate change are booming, but investors say the label needs safeguards against bogus proposals that could sour
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      Lock icon A strong dollar not a ‘good news’ for all
      1541 15 It eases inflation worries, but also puts pressure on US firms with high overseas exposure WP Washington IT’S a really good time to own wads of crisp, green American cash. As President Barack Obama boasted during his State of the Union
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      Lock icon Young economist stands out with maverick rate call
      322 15 REUTERS Toronto THOMAS Costerg went out on a limb this week. The 29-year-old Standard Chartered economist predicted that the Bank of Canada would cut its key interest rate by 50 basis points in March, alone among veteran market watchers who saw no
      REUTERS  -  322 words
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      800 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EXTRA INVESTMENT PTE. LTD. (In Members’ Voluntary Liquidation) Company Reg. No. *****0278M NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the “Act”) that the Final Meeting of Members of the
      800 words
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  • ENERGY & COMMODITIES
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      Lock icon Well tests during shale boom come under a cloud
      1431 16 One-day performance assessments don’t provide enough data to predict future potential, says study; also, few rules or standards govern the tests, note observers BLOOMBERG Houston TESTS done on new wells that boosted the fortunes of oil developers by billions of dollars
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,431 words
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      Lock icon Goldman’s commodity outlook buckles under deflation threat
      798 16 BLOOMBERG Tokyo CHEAPER energy and the US dollar’s advance are darkening the outlook for commodities, according to Goldman Sachs Group Inc. The US bank cut its forecasts for metals and mined raw materials including copper, gold and iron ore over the next three
      BLOOMBERG  -  798 words
    • Article
      Lock icon Crude price collapse leaves Freeport to rue oil & gas acquisitions
      776 16 Crude price collapse leaves Freeport to rue oil gas acquisitions BLOOMBERG Toronto INVESTORS were upset two years ago when Freeport-Mc-MoRan Inc, the world’s biggest publicly traded copper miner, announced a US$9 billion debt-fuelled purchase of two oil and natural gas producers. Turns out they were right to be. At the
      BLOOMBERG  -  776 words
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  • COUNTRY FOCUS: INDIA
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      Lock icon India-Singapore relations going strong
      1097 17  -  They will mark this year the 50th anniversary of bilateral diplomatic relations. BY VINCENT WEE CELEBRATING INDIA’S 66TH REPUBLIC DAY relations.BY VINCENT WEE THE close relationship between India and Singapore, supported by high level exchanges and common economic and commercial interests, is set to deepen further
      PHOTO: AFP  -  1,097 words
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      118 17 NH30 Patna Bakhtiyarp Our heartfelt congratulations to the Government and People of the Republic of India as the nation celebrates its 66 th Republic Day MasteriHaniforjaSentral Business I MM v. j fi p i i t L UL Ranchi Sports Stadium, India One Horizon Center, Gurgaon t m TVf-: TWf
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  • TECHNOLOGY
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      Lock icon Microsoft’s HoloLens hits all the right spots with holograms
      707 18 Augmented reality goggles a step in diffierent direction from Oculus Rift, Google Glass AFP San Francisco MICROSOFT’S HoloLens goggles have hit a sweet spot between Google Glass and virtual reality headgear, immersing users in a mesmerising world of augmented reality holograms.
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      Lock icon New mobile app launched for municipal feedback
      466 18  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government is tapping the power of technology and the widespread use of smartphones here to give the public a common platform to provide feedback on municipal issues more effectively. A new mobile app OneService was launched
      PHOTO: LAU FOOK KONG/THE STRAITS TIMES  -  466 words
    • Article
      Lock icon Preservative MI comes under greater scrutiny
      881 18 NYT New York WITH an eczema condition, Michelle Kirn intently reads ingredient labels on baby wipes, soaps and other household items to avoid allergic reactions that she says were caused by a commonly used preservative. Ms Kirn, 37, said she believes that nerve damage
      NYT  -  881 words
    • Article
      Lock icon Services of VPN providers suffer further disruptions in China
      451 18 REUTERS Beijing INTERNET services that allow people to freely access blocked websites and apps from within China saw more severe disruptions last week, said three providers, moves that Chinese state media said were justified. The services affected include those of popular
      REUTERS  -  451 words
    • Article
      Lock icon Obama spearheads personal medicine push
      807 19 Evolving field involves a doctor, for example, prescribing a medication that targets a specific mutation in a patient’s genes NYT Washington PRESIDENT Barack Obama will seek hundreds of millions of dollars for a new initiative to develop medical treatments tailored to genetic and other characteristics
      NYT  -  807 words
    • Article, Illustration
      Lock icon Sorting out the science from the smoke in e-cigarette research
      1265 19 REUTERS London FROM apple pie to bubbly bubble gum, Irish car bomb or Martian bar from Mars!, the flavours of electronic cigarette offer something for every taste. Researchers have counted 7,764 varieties of “vape”. That adds up to one of
      REUTERS; PHOTO: AFP  -  1,265 words
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      Lock icon Brazil scientists find coffee protein with painkilling effect
      179 19 AFP Brasília BRAZILIAN scientists have discovered a protein in coffee that has effects similar to pain reliever morphine, researchers at the state University of Brasilia (UnB) and state-owned Brazilian Agricultural Research Corporation Embrapa said. Embrapa said its genetics and biotech division, teaming
      AFP; PHOTO: AFP  -  179 words
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      74 18 si* 5 %x ASIA’S LARGEST 1 Educational Kids’ Fair Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEE? TARGETS? CROW?! Join us at smartKi?s Asia 2015! Call us to enquire how we can
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      354 19 +\~);;-`*@}|(`.?%<,__&;%_-`+/:_ UNITED ENGINEERS LIMITED (Incorporated in Singapore) Registration No: *****0018G LOST STOCK CERTIFICATES Notice is hereby given that eight (8) stock certificates numbered *****3/5, *****9,*****6,*****9, *****3 and *****4 covering 21,972 stock units in total, in the name of "Estate of Isabel Anorld, Deceased" have been reported lost. Notice is also
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      185 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HOYA MAGNETICS SINGAPORE PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****4287N) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      185 words
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  • CONSUMER
    • Article, Illustration
      Lock icon McDonald’s tests new concepts as sales fall
      834 20 The problem is that it will take time for any of those changes to pay off significantly NYT New York IN what was one of its worst financial performances in the last decade, McDonald’s reported sharp declines in sales and earnings, further evidence
      NYT; PHOTOS: BLOOMBERG, NYT  -  834 words
    • Article
      Lock icon Starbucks brews new success in mobile transition
      468 20 WP Washington STARBUCKS has been fuelling your caffeine habit for years. Now, the coffee giant is having unusual success brewing a new kind of customer ritual. The company said last week that, on average, customers pay for a purchase using smartphones seven million
      WP  -  468 words
    • Article
      Lock icon Extra hiring for holiday season deliveries backfires on UPS
      525 20 BLOOMBERG Dallas AFTER missing millions of deliveries on Christmas in 2013, United Parcel Service Inc (UPS) promised that it would do better next time. It hired thousands more workers to ensure that it could handle a deluge of shipments on its
      BLOOMBERG  -  525 words
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      185 20 LEARNING POINTS: Effects of falling oil prices and interest rate hike Analysis of the market performance in Year 2015 Understand the stock market psychology Having the right mindset for investing Influence of the economic performance on the stock market The effects of interest rates hikes Understand the power of communications
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      42 20 REDEFINING IDEAS 4 printpack+sign Singapore’s printing, packaging signage business exhibition |i 9 4 M > 29-31 JULY 2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF SjSl
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      16 20 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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  • GOVERNMENT & ECONOMY
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      Lock icon European politics at tipping point as frustrations grow
      1853 21 Polls show that Europeans will vent their feelings in upcoming elections BLOOMBERG Athens THEY speak different languages, they come from different backgrounds, yet all have the same message of frustration that’s threatening to redraw the European political map over the next year.
      BLOOMBERG; PHOTO: AFP  -  1,853 words
    • Article
      Lock icon Central bankers form defensive alliance in face of mounting criticism
      709 21  -  By Anthony Rowley btworld@sph.com.sg Tokyo EMBATTLED Bank of Japan (BOJ) governor Haruhiko Kuroda has been given some cover by the European Central Bank’s (ECB) decision to launch monetary easing, and by Bank of England (BOE) governor Mark Carney’s weekend defence
      709 words
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      Lock icon Spain economy in a virtuous circle; recovery still under threat: IMF
      542 21 AFP Madrid SPAIN has emerged from a devastating crisis and entered a “virtuous circle” with faster growth than its neighbours, says the International Monetary Fund (IMF) but it warns that high unemployment and the rise of populist parties still
      AFP  -  542 words
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      Lock icon Glued to TV, Cubans cheer talks with US like a sporting event
      763 22 Americans press Havana to respect freedom of speech, assembly, dissent; Cubans accuse US of rights violations BLOOMBERG Washington AS US and Cuban diplomats met to begin restoring diplomatic ties after five decades, Havana’s residents followed the developments with
      BLOOMBERG; PHOTO: AFP  -  763 words
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      Lock icon Crisis intensifies for Japan govt as one of two IS hostages ‘slaughtered’
      1035 22  -  By btworld@sph.com.sg Anthony Rowley btworld@sph.com.sg Tokyo JAPAN'S hostage crisis took a horrifying turn for the worse over the weekend when an on-line video posted by the Islamic State (IS) purported to show freelance journalist Kenji Goto, one of
      PHOTO: REUTERS  -  1,035 words
    • Article
      Lock icon Shanghai stampede showed “critical neglect”: mayor
      275 22 AFP Shanghai THE Shanghai New Year’s Eve crush which left 36 dead showed “critical neglect”, the mayor of the Chinese commercial hub said on Sunday, while insisting that those responsible had been held accountable. New Year revellers, many of them young women, were trampled
      AFP  -  275 words
    • Article
      Lock icon Graft-buster Joko losing steam
      598 22  -  President caught in the centre of enemity between police and corruption watchdog By Jeffrey Hutton btworld@sph.com.sg Jakarta JUST three months into his presidency, Joko Widodo’s graft-busting zeal is in doubt amid a tit-for-tat feud between the country’s corruption watchdog and the national police. Following several hours
      598 words
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      Lock icon Getting personal: Obama’s visit to India off to a warm, welcoming start
      913 23 The Indian prime minister broke protocol and surprised his handlers to meet and bear-hug the US president on the airport tarmac REUTERS New Delhi SIGNALLING his determination to take relations with the United States to a higher level,
      REUTERS; PHOTO: REUTERS  -  913 words
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      Lock icon China families lukewarm about easing of one-child policy
      868 23 WP Beijing WHEN China announced that it was relaxing its one-child policy in late 2013, marketing director Kang Lu chatted with her husband about whether they wanted a second baby. “But given our current circumstances, we quickly abandoned the idea,” she said.
      WP; PHOTO: AFP  -  868 words
    • Article
      Lock icon WHO chief accepts criticism over Ebola response
      441 23 AFP Geneva THE World Health Organization’s chief on Sunday admitted the UN agency had been caught napping on Ebola, saying it should serve a lesson to avoid similar mistakes in future. Opening a rare emergency session to review the fight against the epidemic,
      AFP  -  441 words
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  • TRANSPORT
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      Lock icon In-flight catalogue SkyMall may soon close shop
      1058 24 With increased use of electronic devices on planes, fewer people are picking it up NYT New York FOR years, it was something of a ritual. You had made it through airport security, survived the lengthy delays and even crammed your carry-on into an
      NYT; PHOTO: NYT  -  1,058 words
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      Lock icon Uber, Lyft vehicles must have commercial plates: California
      692 24 BLOOMBERG Sacramento PRIVATE drivers for ride-sharing companies such as Uber Technologies Inc and Lyft Inc must possess a commercial licence plate to operate in California under an 80-year-old law or face getting a citation, the state said. The California Department of Motor
      BLOOMBERG; PHOTO: NYT  -  692 words
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      Lock icon E-cigarettes in checked airline bags a fire danger, warns FAA
      678 24 Agency’s safety alert cites two recent fires that were started by these items BLOOMBERG Washington AIRLINE passengers should add electronic cigarettes to the list of items that can’t be stored in their checked luggage. The US Federal Aviation Administration (FAA),
      BLOOMBERG; PHOTO: AFP  -  678 words
    • Article
      Lock icon Ford takes US$800m charge on currency woes
      414 24 REU TERS Detroit FORD Motor Co has said that it was taking a charge related to its Venezuelan operations that will cut fourth-quarter net profit by US$700 million, as companies scramble to shield their bottom lines from the country’s volatile currency. For more
      REUTERS  -  414 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1924 25 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR SEPANG EXPRESS 5 100 30/1 31/1 KAISA 3 60 7/2 8/2 11/2 13/2
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  • Page 25 Advertisements
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      103 25 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via s|5i3hiartime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry,
      103 words
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  • LIFE & CULTURE
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      Lock icon Fond farewell to the Music Man
      510 26  -  Some of Singapore’s top entertainers and budding artists mark the passing of Iskandar Ismail with a simple, moving concert.BY concert.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT Singapore MUCH-LOVED musician Iskandar Ismail died of cancer on Nov 1 last year. But the music community continues to mourn
      510 words
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      Lock icon TAKING HEART
      301 26  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT ‘Art for autism’ exhibition PATHLIGHT School will on Thursday launch its first public art exhibition featuring the works of 17 of its student artists who are on its artist development programme. Titled “Art for Autism: Diversity Exhibition”, the show will be held until
      301 words
    • Article
      Lock icon Birdman takes lead as Oscar favourite with Producers Award
      284 26 REUTERS los Angeles SHOW business satire Birdman took the lead in what promises to be a competitive race for the best picture Oscar by winning the top award from Hollywood producers. Birdman beat nine other films, including Boyhood and The Grand
      REUTERS  -  284 words
  • Page 26 Miscellaneous
    • Miscellaneous
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      347 26 CRYPTIC CROSSWORD Across 1 Some brass elephants might do it (7) 5 Model son works out in America (7) 9 Settle for a short welcome (5) 10 Learning to recognise advantage getting over fifty (9) 11 Evangelistic young woman one meets on a railway (10) 12 Somewhat disheartened by a
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  • DINING OUT
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      Lock icon Functional, with down to earth prices
      1095 27  -  Kobe-born chef Hal Yamashita’s celebrity status is needed to help Syun stand out from other Japanese restaurants. BY JAIME EE BY JAIME EE NEW RESTAURANT Syun Festive Walk Resorts World Sentosa 8 Sentosa Gateway Tel: 6577-6688 Open for lunch and dinner Tues to Sun:
      1,095 words
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      279 27 B c Cater a Chinese New Year feast with a fusion twist Crafted with passion by our dedicated team of professional chefs, Stylze Catering presents traditional Chinese New Year dishes with an international touch that caters to the different palates of our customers. For catering enquiries, please contact 9278 0131
      279 words
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