The Business Times, 20 February 2016

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Microfilm: NL33778
Total Pages: 38
1 32 The Business Times
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      63 1 LivingBTTHE BUSINESS TIMES WEEKEND FEBRUARY 20 21 2016 DINING Rejuvenating old food brands L6-7 HEIRLOOM RECIPES A younger generation is documenting and preserving family recipes L2-5 WELLNESS From flab to fab post-CNY L10-11 PHOTO OF CLAYPOT RICE: GRACE YIP TRAVEL Haunting beauty of Yamagata L12 DINING Must-have beauty apps L8-9
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Preserving heritage through recipes
        716 2 / 3  -  By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Homemade Singapore Homemadesingapore.com THERE has been much talk about the impending loss of our hawker culture, but little on the loss of family dishes, especially when the older generation passes on. Seeing how the latter is also a worrying trend,
        PHOTOS: HOMEMADE SINGAPORE  -  716 words
      • Article
        Lock icon On the trail of heirloom recipes
        582 2 / 3 BT Weekend retreads a well-worn path of Singapore millenials who are passionate about preserving the signature dishes of families SOMETHING unusual is happening to Singapore’s millennials oft-lamented as narcissistic and youth-obsessed, with little interest much less respect for the older generation. Of late, a
        582 words
      • Article, Illustration
        Lock icon Sticking to a Teochew classic
        574 2 / 3  -  By Tan Teck Heng thtan@sph.com.sg Gwyneth Teo Teochew sticky cakes “I HAVE always been obnoxiously proud of being Teochew,” declares Gwyneth Teo while mixing glutinous rice flour and water into a glossy dough. The TV producer/writer is showing off her grandmother’s recipe for lok tngji,
        PHOTOS: LAURA NG  -  574 words
      • Article, Illustration
        Lock icon Rustic Hainanese
        525 2 / 3  -  himself.By Tan Teck Heng Joel Tan Hainanese heritage trail PLAYWRIGHT Joel Tan is fiercely proud of his Hainanese roots, but you wouldn’t know that from his work on stage (The Emperor’s New Clothes). Start talking about food though, and the conversation turns inevitably towards eating and being Hainanese.
        PHOTOS: LAURA NG  -  525 words
      • Article, Illustration
        Lock icon Zooming in on signature dishes
        502 4 / 5  -  By Rachel Loi @RachelLoiBT rachloi@sph.com.sg John Heng Photo-project ‘My Mama’s Recipe is Betta!’ IT’S not uncommon in Singapore to be having a meal and hearing someone at the table say: “My (insert family member) can cook this better!” While most of us would chuckle awkwardly
        PHOTOS: GRACE YIP, JOHN HENG  -  502 words
      • Article, Illustration
        Lock icon Taste of heritage – one kueh a week
        600 4 / 5  - Taste of heritage one kueh a week them.”By Rachel Loi Adilah Rahim Traditional Malay kueh AT the start of this year, 30-year-old Adilah Rahim made a resolution to learn how to make one new kind of traditional kueh every weekend. “When I was about to move into my own place,
        PHOTOS: ADILAH RAHIM  -  600 words
      • Article, Illustration
        Lock icon Grandma to reveal recipes on video
        619 4 / 5  -  By Rachel Loi Tang family Grandma’s signature dishes HOME videos may have gone out of fashion (now reduced to 7 second clips made for social media), but the Tang family’s grandchildren are bringing them back with a purpose to document the recipes and cooking
        PHOTOS: TANG COUSINS  -  619 words
      • Article
        Lock icon wine & dine
        344 6 / 7 wine dine with BTWeekend Carlton City Hotel Singapore 1 Gopeng Street Z6632-8922 Sunday Recovery Brunch Brunch just got more eggs-citing at Plate. Enjoy your fill of eggs done it your way, alongside a 'live' barbecue station serving quick-grilled minute steaks, an assortment of sausages, kebabs, eggs and other all-time grilled
        344 words
      • Article, Illustration
        Lock icon Old brands reborn
        1331 6 / 7  -  younger generation is injecting a modern vibe to age-old businesses. By Rachel Loi, Tan Teck Heng Cool factor Plink h ttp://plink-ice. com THERE'S nothing cool about the ice business, except of course for the ice. But the four-generation family-owned business Tuck Lee, which has made its fortune
        PHOTO: LAURA NG  -  1,331 words
    • BEAUTY
      • Article, Illustration
        Lock icon The makeover mainframe
        880 8 / 9  -  Snazzy new apps and sites take the guesswork out of shopping for beauty junkies. By May Yip THOSE dwelling in the digital age are crippled by the paradox of choice: Deci-sion-making has become a drawn-out process of surfing and cross-referenc-ing multiple review sites and apps to determine
        880 words
      • Article, Illustration
        Lock icon Handy beauty platforms
        426 8 / 9  -  Too time-strapped to sift through the many beauty apps and sites? Here’s the lowdown on the top platforms to help up your beauty game. By May Yip By May Yip Pagepink.com FOR beauty procrastinators who like to squeeze in a mani between meetings and don’t mind trying
        426 words
    • WELLNESS
      • Article, Illustration
        Lock icon From flab to fabulous
        1709 10  -  Get ship-shape after the CNY indulgences with a fitness boot camp, an eaterie that helps you ‘eat your goals’ and good ol’ coconut oil. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT WHERE PAIN IS GAIN Kilter Avenue kilteravenue.com THE crew at Kilter
        PHOTOS: KILTER AVENUE; PHOTOS: YOLO  -  1,709 words
    • TRAVEL
      • Article, Illustration
        Lock icon Hushed and haunting beauty
        776 11  -  The stillness and serenity of a snow-blanketed Yamagata famed for its rice, sake, seafood, and hot springs is all part of its charm. By By Dylan Tan dylantan@sph.com.sg @DylanT anSYBT ~The writer was a guest of the Yamagata Prefecture Government YOU might know Yamagata better than
        776 words
    • HEALTH
      • Article, Illustration
        Lock icon Open heart surgery or stents?
        1544 12  -  The debate on two procedures for those with severe disease of the heart arteries rages on Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World Chinese
        BT Illustration: Simon Ang  -  1,544 words
    • MOTORING
      • Article, Illustration
        Lock icon An enthusiast’s machine
        288 13  -  The LP580-2 coupe is the purest expression of a Lamborghini to date, says its maker. By Samuel Ee samuelee@sph.com.sg A MORE visceral Huracán is here. Lamborghini Singapore is unveiling the Lamborghin i H urac á n LP580-2 at its Suntec City satellite showroom on Thursday. The Italian
        288 words
      • Article, Illustration
        Lock icon More accessible M
        301 13  -  By Samuel Ee samuelee@sph.com.sg THE most affordable M car is coming soon. The BMW M2 Coupe will arrive in April and is likely to be priced at a shade below S$300,000, including COE. Until now, the most accessible M model has been the M4 Coupe, which is
        301 words
      • Article, Illustration
        Lock icon BREAKING NEW GROUND
        725 14  -  Mercedes-Benz’s latest SUV model, the GLC, enters a new and lucrative segment. By Samuel Ee samuelee@sph.com.sg ONE way to get a quick idea of Mer-cedes-Benz’s new range of renamed SUVs may be to think of the GLA, GLC and GLE as baby bear, mama bear and papa
        725 words
    • Article, Illustration
      Lock icon Van Gaal’s last throw of the dice
      852 15  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent FEW sports fans, if any at all, would know much about Shrewsbury Town Football Club, much less be able to name even a handful of their players. The team lies on the 19th spot in
      PHOTOS: REUTERS  -  852 words
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g GFEBRUARY 20-21, 2016 S$1.00| MCI (P) 040/08/2015
    14 words
  • Article, Illustration
    Lock icon Singapore Airshow racks up US$12.3b in deals
    804 1  -  This is less than the value of disclosed deals in 2014, but organiser says other indicators are up By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore EVEN those shopping for planes have turned more cautious amid a global slowdown, it would seem. The Singapore Airshow
    PHOTO: YEN MENG JIIN  -  804 words
  • Article
    Lock icon KL shelves plan to recruit 1.5m Bangladeshis
    710 1  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur TALK about an abrupt policy U-turn. On Friday, just a day after the Malaysian and Bangladeshi governments inked an agreement under which Malaysia would recruit 1.5 million Bangladeshis for work over three years, Putrajaya inexplicably suspended the
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  • Article
    Lock icon Citi S’pore chief to retire
    32 1 GOING HOME Michael Zink, Citi Singapore country officer and Asean head, will retire after nearly three decades at the bank including some six years in Singapore. 4
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  • Article
    Lock icon CPI’s largest gain in 4-1/2 years
    42 1 LATEST US DATA Underlying US inflation rose in January by the most in nearly 4-1/2 years, a sign of an uptick in price pressures that could allow the Fed to raise interest rates this year. 4
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  • Article
    Lock icon Full-year profit down 35%
    33 1 UIC RESULTS United Industrial Corporation’s full-year profit fell 35 per cent to S$260.55 million on the back of a huge decrease in fair value gain on investment properties.| 12
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  • Article
    Lock icon Hospital pays hackers US$17,000
    40 1 RANSOMWARE ATTACKS After hackers seized control of its critical computer systems, a Los Angeles hospital paid a US$17,000 ransom to release them. So-called ransomware attacks have risen significantly in the past year, security specialists say. 21
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      51 2 NEWS Top Stories 2-9 Raffles Conversation 10-11 Companies Markets 12-16 Real Estate 17-18 Banking Finance 19 Energy Commodities 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-7 Beauty L8-9 Wellness L10-11 Travel L12 Health L13 Motoring L14-15 Sports
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    • Article
      Lock icon MARKETS
      136 2 HSTI 2,656.87 (-0.70) GSTI FUTURES 2,661.00 (+3.00) GSIMSCI 299.53 (+0.01) GSIMSCI FUTURES 300.45 (+1.00) STOCKS Friday Change KL COMP 1,674.88 -5.14 NIKKEI 225 15,967.17 -229.63 HANG SENG 19,285.50 -77.58 SET 1,320.19 +25.60 JAKARTA 4,697.56 -81.23 MANILA 6,792.06 -56.81 KOSPI 1,916.24 +7.40 SHENZHEN B 1,165.67 +7.24 MUMBAI 23,709.15 +59.93 10.45
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    • Article, Illustration
      Lock icon Policymakers must avoid overreaction: Swee Keat
      446 2  -  He says the structural growth story in Asia remains intact despite market volatility By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WHEN financial markets overreact, it is crucial that regulators and policymakers do not follow suit, said Finance Minister Heng Swee Keat on Friday. “A very
      PHOTO: SBF  -  446 words
    • Article
      Lock icon Correction
      39 2 IN “Improved air traffic management crucial to growing flights” (BT, Feb 19), we gave the wrong year that Changi Airport’s Terminal 4 will be ready by. It should be 2017, not 2019. We are sorry for the error.
      39 words
    • Article
      Lock icon Dassault entices SE Asia with its 8X jet
      419 3  -  By Grace So graceso@sph.com.sg Singapore DASSAULT Falcon Jet eyes Southeast Asian markets amid China’s economic slowdown, and hopes to woo clients with its new ul-tra-long-range Falcon 8X aircraft, which can fly non-stop from Singapore to London. The Falcon 8X offers the longest
      419 words
    • Article, Illustration
      Lock icon Boeing, Air Niugini ink deal for 4 B737 MAX 8s
      313 3  -  The airline will grow new markets and raise flight frequencies with four of this aircraft By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore US planemaker Boeing squeezed in a last-minute order from Air Niugini on the final day for trade at the
      PHOTO: AFP  -  313 words
    • Article, Illustration
      Lock icon Citi’s Asean head and S’pore chief to retire
      584 4  -  After nearly 30 years of postings with the bank, Michael Zink decides to return to the US By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CITI Singapore country officer and Asean head Michael Zink will retire after nearly three decades at the bank including
      FILE PHOTO  -  584 words
    • Article
      Lock icon Singapore’s Q4 domestic wholesale trade shrinks 15.9%
      267 4  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE’S domestic wholesale trade reflected expectations of subdued business activity, shrinking by 15.9 per cent year on year in the fourth quarter of 2015 amid lower petroleum and chemical product prices, analysts said. “It would be consistent
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    • Article
      Lock icon Core consumer prices in biggest jump in nearly 4½ years
      490 4 LATEST US DATA Reuters Washington RISING rents and medical costs lifted underlying US inflation in January by the most in nearly 41/2 years, signs of an uptick in price pressures that could allow the Federal Reserve to gradually raise interest
      Reuters  -  490 words
    • Article, Illustration
      Lock icon What next after being passed over for promotion?
      884 5  -  CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg @VivienShiaoBT Singapore THE person who doesn’t feel anything after being passed over for a promotion either doesn’t care, or is in denial. It’s only human to be upset and emotional. But for those gunning for
      BT Illustration: Simon Ang  -  884 words
    • Article, Illustration
      Lock icon AN A TO Z GUIDE TO AIRSHOW 2016
      1100 6 / 7 BT Infographics A is for big hole Following the successful fast-selling Airbus A321neo family, Airbus COO John Leahy quipped that its competitor Boeing has to do something about ‘a big hole’ in its portfolio. is for Bronco New Gen Leaner and meaner,
      Sources: Singapore Airshow News, Asian Aviation, ShowNews; BTGraphics: Simon Ang  -  1,100 words
    • Article, Illustration
      Lock icon Flying high
      266 8 / 9 Airshows around the world showcase the latest and most advanced aviation and defence technologies. The Singapore Airshow is no different. The Business Times Photo Desk captures the thrills and spills from the 2016 event. ~This biennial event, at the Changi Exhibition Centre, is open to the public on
      PHOTOS BY YEN MENG JIIN  -  266 words
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      201 5 Happiness is closer than you think Fly by Fiji Airways Inaugural Flight on 5 Apr Enjoy Full-day Sigatoka River Safari Combo Tour with Lunch Fiji Island Hopping Return Airfare by Fiji Airways Return Airport Port Transfers Return Interisland Ferry Transfer 3N Accommodation on Each Island Daily Breakfast on Denarau Island
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Building on Nobel’s legacy
      2714 10 / 11  -  The executive director of The Nobel Foundation, Lars Heikensten, sheds light on the future challenges for the Nobel Prize, the most prestigious honour for intellectual achievement. By Anna Teo By Anna Teo anna@sph.com.sg WHEN scientists announced on Feb 11 that they have detected gravitational waves confirming
      PHOTO: LAURA NG  -  2,714 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon UIC hit by sharp drop in fair value gains
      395 12  -  FY15 revenue up 16% at S$807.2m but earnings fall 35% to S$260.6m By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore UNITED Industrial Corporation’s (UIC) full-year net profit fell 35 per cent to S$260.55 million on the back of a huge decrease in fair
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    • Article
      Lock icon OUE’s 2015 profit falls 85.7% on lack of one-off gain
      364 12  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore OUE’s net profit for the full year ended December 2015 fell 85.7 per cent, from S$1.09 billion to S$ 156.4 million, mainly attributable to the absence of non-recur-ring gain arising from the deconsolidation of
      364 words
    • Article
      Lock icon Impairments pound POSH
      457 12  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PACC Offshore Services Holdings (POSH) found itself in the red to the tune of US$149.7 million for the fourth quarter as big impairments amid the onslaught in the offshore marine sector took a heavy toll on its bottom line. The
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    • Corporate digest
      • Article
        Lock icon ST Marine
        74 12 FORMER Singapore Technologies Marine group financial controller and senior vice-president (finance) Ong Teck Liam pleaded guilty to 10 charges on Friday relating to the falsification of accounts, said a CNA report. The total amount involved is S$48,887. The 59-year-old, who faced a total of 118 charges, admitted to
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      • Article
        Lock icon Rickmers Maritime
        92 12 HIT by non-cash impairments, Rickmers Maritime reported a US$129.6 million net loss for the fourth quarter ended Dec 31, from a net profit of US$11.2 million in a year-ago period. The business trust incurred vessel impairment cost of US$126.3 million and goodwill impairment cost of US$2.1 million. It
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    • Article, Illustration
      Lock icon STI manages 4.6% rise in volatile week
      559 13  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent Depending on how oil prices behaved this week, traders alternated between heavy doses of shortselling and short-covering this week, resulting in large swings in the Straits Times Index (STI) through the five days. On Friday, the
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    • Article
      Lock icon GIC, Advent, Bain invest US$350m in engineering outsourcing firm
      268 13 Reuters Mumbai SINGAPORE sovereign wealth fund GIC Pte Ltd and private equity investors Advent International and Bain Capital have jointly bought a minority stake in engineering outsourcing firm QuEST Global Services for US$350 million. QuEST, which provides services to companies in
      Reuters  -  268 words
    • Article, Illustration
      Lock icon Spackman soars 24.7% in active trading
      346 13 HOT STOCK Singapore THE stock of Spackman Entertainment Group staged a strong performance on Friday, soaring 24.7 per cent to 11.1 Singapore cents, with volume to boot. The rise came amid a broad recovery in small capitalisation stocks but traders were unable to pinpoint
      Source: Bloomberg  -  346 words
    • Article
      Lock icon GAINERS
      76 13 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 205.3 1.3 *****/***** JMH USD 5660 84.4 1.1 6630/4500 JSH USD 2890 84.4 2.1 3590/2524 DBXT STGLDv US$ 2876 63.3 1.6 3302/2731 Jardine C&C 3934 38.0 1.0 4258/2636 BY PERCENTAGE CLOSE UP 52w high/low S Chance Prop W***** 0.2 100.0
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    • Article
      Lock icon LOSERS
      72 13 BY CENTS CLOSE DOWN 52w high/low Lyxor Indonesia US$ 7564 -400.8 -3.6 9094/6250 DBXT MSINDO US$ 1219 -47.8 -2.7 1492/911 ISOTeam 32 -29.0 -47.5 33.8/24.3 DBXT MSKorea US$ 4771 -25.3 -0.4 6246/4478 DBS Grp 1368 -21.0 -1.5 2150/1301 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -66.7 -0.2 0.7/0.1
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    • Article
      Lock icon MOST ACTIVE
      34 13 VOLUME Spackman 138,897,500 Noble 40,387,200 StratechGroup 36,969,100 Genting Sing 36,849,400 Yuuzoo 32,494,300 Market volume 1,138,895,000 VALUE DBS Grp 83,291,238 CapitaLand 66,506,539 Singtel 45,165,507 CapitaMall Trust 42,965,424 JMH USD 42,195,597 Market value 937,630,000
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    • Article
      Lock icon STI STOCKS
      309 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 -4 241/236 271 209 6.1 6251.6 CapitaLand 287 -4 289/284 379 267 11.5 3.1 *****.1 CapitaMall Trust 213 +2 216/209 228 184.5 5.3 7404 CityDev 714 +1 723/709 1095 661 8.6
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    • Article
      Lock icon SGX ETFs Most Active
      110 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 268 +2 238 268/266 355/254 267/268 IS MS INDIA US$ US599 -1 223 601/581 838/577 602/604 74.9 IS ASIA HYG US$ US1016 cd +3 157 1016/1013 1130/977 1016/1130 DBXT MSINDO us$ US1219 -34 83
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      796 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 15 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Global Premium Hotels 18-Feb-16 Koh Wee Meng Buy 500 0.31 *****4 64.77 *****4 64.82 Maxi-Cash Financial 18-Feb-16
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 3 1 0 0 9 2 3 Manufacturing 34 24 33 9 3 7 43 27 40 Commerce 18 20 9 2 2 7 20 22 16 Tpt/Stor/Comms 17 9 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,724 2,062 15,786 48,235 432 48,667 Manufacturing 101,290 39,757 141,047 85,301 3,994 89,296 Commerce 59,551 25,420 84,971 88,076 827 88,903 Tpt/Stor/Comms 92,493 150 92,643 138,116 13 138,129 Finance 19,929 52 19,981 172,190 7 172,197 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Feb 19 VALUE CLOSE BT OB/OS 127.00 +147.00 BT CADI -*****.00 +37.00 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 650.81 +0.34 FTSE ST Small Cap 376.62 +1.30 FTSE ST All Share 657.13 +1.16 FTSE ST China Top 154.39 +2.58 FTSE ST China 184.80 +2.57 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 14 VOLCLOSE($) CHANGE Spackman 138,897.5 0.111 +0.022 +24.72 ISOTeam 464.7 0.320 -0.290 -47.54 Pollux Prop 123.0 0.043 -0.010 -18.87 Ryobi Kiso 10.0 0.189 -0.031 -14.09 SunVic Chemical 841.5 0.127 +0.021 +19.81 TIH 36.8 0.450 +0.060 +15.39 China Env 23,195.9 0.055 +0.009 +19.57 USP Group 500.2 0.031 +0.008 +34.78 Cogent
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    • Article
      Lock icon COMMODITY FUTURES
      192 15 Feb-18 Price Net change change Last Trade Agricultural Feb-18 CBOT Soybeans (US cents/bu) 879.75 -2.75 -0.31% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.83 -0.16 -0.50% 14/03/2016 CBOT Wheat (US cents/bu) 462.25 -6.25 -1.33% 14/03/2016 Feb-18 LIFFE Cocoa (£/tonne) 2109.00 36.00 1.74% 14/03/2016 LIFFE Coffee (US$/tonne) 1402.00 -12.00 -0.85%
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    • Article
      Lock icon PALM OIL
      57 15 Feb 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 16 2534.0 2522.0 2555.0 2521.0 1238 ***** Apr 16 2590.0 2566.0 2608.0 2565.0 4466 ***** May 16 2610.0 2586.0 2629.0 2585.0 ***** ***** Jun 16 2595.0 2576.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      65 15 Feb 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.53 5-Year NX*****X 2.250 01-Jun-21 102.4 102.67 102.50 10-Year NX*****Z 2.375 01-Jun-25 101.95 102.15 102.00 15-Year NZ*****F 2.875 01-Sep-30 104.65 105.00 104.75 20-Year NZ*****V 3.375 01-Sep-33 111.68 30-Year NA*****N
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 Feb 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0005 1.0019 0.7115 0.7120 Canadian dollar 1.0220 1.0228 0.7269 0.7268 Euro 1.5637 1.5651 1.1120 1.1123 NZ dollar 0.9306 0.9318 0.6618 0.6622 Sterling pound 2.0135 2.0151 1.4319 1.4321
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    • Article, Illustration
      Lock icon STOCK MARKETS
      119 15 Straits Times Index Source: Bloomberg ytd change: -7.83% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg ytd change: -12.00% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite
      Source: Bloomberg  -  119 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      201 15 Most active Feb 19 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left Secura Group W*****5 2.7 0.1 8816 1 35 80 7.78 35 DBS MB eCW*****4 14.9 -1.2 7820 0.1 1360 8 Rowsley Ltd W*****3 1.3 unch 7341
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 15 In local curr In S$ In US$ dy yr dy yr dy yr Feb 18 Index Change Change Change Change Change Change World Preliminary 1179.6 0.0 -7.7 -0.2 -8.1 0.0 -7.1 EAFE Preliminary 912.6 0.5 -9.9 0.4 -9.6 0.6 -8.6 Europe Preliminary 1294.0 -0.4 -8.4
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    • Article
      Lock icon SunMoon chairman reveals private interest
      467 16  -  Gary Loh informs company that he and wife have interest in debt-discharge deal By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SUNMOON Food Co’s executive chairman Gary Loh has informed the fruit product supplier that he and his wife have an interest in a recently announced debt-dis-charge
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    • Article, Illustration
      Lock icon SunMoon needs to shed light on lopsided deal
      1079 16  -  HOCK LOCK SIEW Kenneth Lim kenlim@sph.com.sg @KennethLimBT Correspondent THE board of SunMoon Food Co should not allow a proposed debt-discharge deal to proceed as is unless it also removes SunMoon chairman Gary Loh from the decision-making process and better explains the merits
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  • REAL ESTATE
    • Article, Illustration
      Lock icon At least four GCB deals sealed since start of the year
      399 17  -  Bungalow specialist expects more GCBs to be sold this year than in 2015 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AT least four properties in Good-Class Bungalow (GCB) areas have been transacted so far this year. Among the latest is
      399 words
    • Article
      Lock icon HK developers under pressure to cut prices amid slowdown
      927 17 Bloomberg Hong Kong HONG Kong’s developers, who are throwing in enticements from iPhones to wine coupons in response to the slowest home sales in 25 years, might be running out of gimmicks to stoke demand. Most buyers aren’t biting as property
      Bloomberg  -  927 words
    • Article
      Lock icon Househunt
      1120 18 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 6 AND JAN 12, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 08/01/2016 99 667 1250 1873 The Sail Marina Bay Apt 07/01/2016
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  • Article
    Lock icon China banks still have long way to go: report
    506 19 Regional forays have yet to make big impact on earnings Bloomberg Hong Kong AFTER spending more than US$16 billion on Asian acquisitions in the past decade, China’s banks still have a long way to go before their regional forays start to
    Bloomberg  -  506 words
  • Article
    Lock icon Treasury holdings at Wall Street’s biggest banks hit 2-year record
    302 19 Bloomberg Singapore WALL Street’s biggest banks boosted their Treasury holdings to the highest level in more than two years, and one of them says that’s a warning sign for the market. The 22 primary dealers including Goldman Sachs Group Inc
    Bloomberg  -  302 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      800 19 SWIBER HOLDINGS LIMITED (UEN/Company Registration No. *****4721N) (Incorporated in the Republic of Singapore) (the “Company”) Notice to holders of the outstanding (i) S$75,000,000 7.000 Per Cent. Notes due 2016 comprised in Series 012 (ISIN: SG6V*****340) (the “Series 012 Notes”) (ii) S$160,000,000 7.125 Per Cent. Notes due 2017 comprised in Series
      800 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Coal at the centre of trading-revenue war
      684 20 Exchanges CME and ICE are fighting to gain business in Europe Bloomberg London COAL may be under attack from the Paris climate deal and governments promising its demise, but the world’s biggest exchanges covet the fuel more than ever. The organic rock used
      Bloomberg; PHOTO: BLOOMBERG  -  684 words
    • Article
      Lock icon Japan tyre-makers seek new rubber supplies
      483 20 Reuters Tokyo FED up with rubber prices languishing at seven-year lows, Sunny Joseph, a farmer in India’s southern state of Kerala, has uprooted his 0.8 hectare rubber plantation to make way for a more lucrative crop. A similar trend among growers in South-east Asia
      Reuters  -  483 words
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  • TECHNOLOGY
    • Article
      Lock icon Sales impact of Apple’s privacy stand unclear
      481 21 Users that support or oppose the issue flood Twitter; on Facebook, users write lengthy posts Reuters San Francisco APPLE Inc chief executive Tim Cook’s refusal to comply with the US government’s request to unlock an iPhone of one of the San Bernardino, California
      Reuters  -  481 words
    • Article, Illustration
      Lock icon Los Angeles hospital pays hackers US$17,000 ransom
      723 21 NYT New York IT sounds like the plot of a Hollywood thriller, but the all-too-real scenario played out this month at a large Los Angeles hospital: Hackers seized control of critical computer systems and the hospital paid a US$17,000 ransom to release them.
      NYT; PHOTO: REUTERS  -  723 words
  • Page 21 Advertisements
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      266 21 NOTICES PUBLIC NOTICE To Clients, Customers, and All who may be associated with mTouche Pte. Ltd. and Mobile Fusion Pte. Ltd.: NOTICE IS HEREBY given that Mr. Tan Kian Hwee Kerry (NRIC: SXXXX390A) is no longer an employee of mTouche Pte. Ltd. and Mobile Fusion Pte. Ltd. with effect from
      266 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Walmart’s online sales growth slows
      563 22 Retailer says the slowdown is due to weakness in China, UK and Brazil Reuters London WAL-MART Stores Inc appears to have hit a speed bump in the race to grow online sales. The retailer’s e-commerce sales rose 8 per cent in the fiscal fourth quarter
      Reuters; PHOTO: AFP  -  563 words
    • Article
      Lock icon McDonald’s survey of franchisees serves up downbeat picture
      390 22 Bloomberg Chicago MCDONALD’S Corp franchisees have remained pessimistic about the company’s turnaround efforts during the much-hyped rollout of their all-day breakfast, according to an internal survey. Only about 14 per cent of McDonald’s domestic franchisees think the chain’s comeback plan is working,
      Bloomberg  -  390 words
    • Article
      Lock icon Sportswear brands jumping on fitness apps bandwagon
      290 22 WP Washington ALONGSIDE sneakers, gym shorts and yoga pants, sportswear brands are adding one more must-have to their list of products: workout apps. Unlike Nike, which has been developing its own running and sports apps for years, rivals have taken to acquiring startups
      WP  -  290 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Mercedes accused of US emissions offence
      633 23 Diesel cars said to have devices that turn off clean system Bloomberg Washington MERCEDES-Benz clean diesel models allegedly contain a device that causes the vehicles to violate US emissions standards when run at cooler temperat u r e s ma ki n g t
      Bloomberg; PHOTO: REUTERS  -  633 words
    • Article, Illustration
      Lock icon Boeing averts labour strife as engineers, tech workers approve 6-year pact
      493 23 Bloomberg Chicago BOEING Co will not face labour strife later this year after engineers and technical workers overwhelmingly approved a six-year contract extension that brings a salary boost and greater job security. The terms take effect immediately and extend
      Bloomberg; PHOTO: BLOOMBERG  -  493 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon PBOC to raise reserve ratios for some banks
      689 24 Move will apply to lenders who do not meet criteria; this may contain credit growth after January’s jump in advances Bloomberg Beijing CHINA’S central bank said some banks will be forced to lock away more reserves, a move that may contain credit
      Bloomberg; PHOTO: BLOOMBERG  -  689 words
    • Article
      Lock icon Negative rates unlikely to work magic: poll
      843 24 Economists say they’re not the answer to the world’s economic woes Bloomberg Frankfurt HARUHIKO Kuroda and Mario Draghi may be among the few economists who still think negative interest rates are a good idea. The Bank of Japan (BOJ) governor’s decision last month
      Bloomberg  -  843 words
    • Article, Illustration
      Lock icon Oil sector heads into new world order
      1046 25 Leaders gathering in Houston next week for IHS CERAWeek conference will have much to discuss Bloomberg Houston THE Saudis may go public, the Organization of the Petroleum Exporting Countries (Opec) in disarray, the United States is suddenly a global exporter, and shale drillers
      Bloomberg; PHOTO: AFP  -  1,046 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      52 25 HOT PROPERTY OPEN TO OFFERS! Fabulous design layout. Near MRT. 3sty corner. 2750/ 3500 sf. Quiet. CHEAP! NEW CORNER Terr 3 sty Kang Choo Bin Rd Pte lift 5+1, 2682/4131sf Park 2 cars $3.xm View today LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times
      52 words
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  • OPINION
    • Article, Illustration
      Lock icon Smarter citizens in a Smart Nation
      1377 26 / 27  -  With data the lifeblood of a Smart Nation, the goal should be to give people here the skills to mine data and to interpret it themselves. By Marcus Loh By Marcus Loh ~The writer leads public affairs, media and analyst relations in the Asia-Pacific
      FILE PHOTO  -  1,377 words
    • Article, Illustration
      Lock icon Pay ratios could curb excessive CEO pay and counter inequality
      836 26 / 27  -  By Tobore Okah-Avae ~The writer is a PhD candidate in corporate law at Lancaster University in the UK The Conversation GOOGLE CEO Sundar Pichai has earned an eye-popping pay rise. He was awarded US$199 million in shares, according to a
      The Conversation; PHOTO: REUTERS  -  836 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Finding value in ‘360-degree’ scrutiny of firms
        1165 28 / 29  -  India equity manager Vinay Agarwal’s firm belief in understanding a company’s history and culture is paying off. By Genevieve Cua By Genevieve Cua A CONVERSATION with India equity manager Vinay Agarwal is more likely to dwell on the stocks that he likes or
        PHOTO: REUTERS  -  1,165 words
      • BROKER’S TAKE
        • Article
          Lock icon Genting Singapore Hold
          151 28 / 29 Maybank-Kim Eng Research Feb 19 Close: S$0.72 Target price: S$0.78 FOURTH-QUARTER 2015 results were within our expectations. While the final dividend per share of 1.5 Singapore cents was 50 per cent higher than our estimate, the dividend yield remains lukewarm at 2.1 per cent. VIP volume share
          151 words
        • Article
          Lock icon Wilmar International Buy
          155 28 / 29 DBS Group Research Feb 19 Close: S$3.16 Target price: S$3.70 CORE fourth-quarter 2015 earnings of US$350 million were ahead of our US$210 million forecast; in line with consensus. This brought core FY15 net profit to US$1.2 billion. A final DPS of S$0.055 was declared, bringing total payout
          155 words
        • Article
          Lock icon CWT Ltd Hold
          343 28 / 29  -  Compiled by Jamie Lee CIMB Research Feb 18 Feb 19 close: S$1.84 Target price: S$1.92 CWT had a strong finish to the year, with fourth quarter 2015 core net profit of S$28.7 million up 97 per cent year-on-year. This was driven by better performance in the commodity
          343 words
      • Article
        Lock icon Wild markets here to stay: US$1.4t investor
        573 30 Capital Group sees higher risk of US recession, rates below zero and deflation posing “real threat” in Japan and Europe Bloomberg Tokyo STRAP in for more volatility in markets as the global economy slows and central banks dabble in the dangerous world of
        Bloomberg  -  573 words
      • Article, Illustration
        Lock icon Currency swings curtail options strategies
        759 30 Bloomberg Rome THE highest currency-market volatility in more than four years is depriving investors of a cheap way to protect against risks in financial markets including Britain’s referendum on its membership of the European Union (EU). A JPMorgan Chase Co index of swings in exchange
        Bloomberg; PHOTO: BLOOMBERG  -  759 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Indonesia cinema industry set for change
      868 31 Foreign firms are looking to profit from the opening of the fiercely protected movie market Reuters Jakarta INDONESIA’S opening of its fiercely protected cinema industry is whetting the appetite of overseas firms such as South Korea’s CJ CGV Co Ltd, looking to profit from
      Reuters; PHOTO: REUTERS  -  868 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      322 31 CRYPTIC CROSSWORD Across 1 One that’s organised stamp store? (10) 6 Check flower feature (4) 9 Period at work in loose dress (5) 10 Model sportsman with run seconds away (9) 12 Chef among retinue of rogue making Chinese speciality (7,6) 14 Huge damage found in a product of mine
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      132 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      132 words