The Business Times, 22 March 2016

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Total Pages: 26
1 26 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 GTuesday, March 22, 2016
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  • Article, Illustration
    215 1 The S$1.99 billion job to build a multi-storey rail-and-bus depot is awarded by the Land Transport Authority to South Korea’s GS Engineering Construction Corp. TOP STORIES 3 Cybersecurity is increasingly a “hip and exciting” sector for technology graduates and professionals. TOP STORIES 4 StarHub signs an agreement with
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  • 26 1 Monday Change STI 2,880.69 -26.11 KL Comp 1,718.36 +2.02 Nikkei 225 CLOSED Hang Seng 20,684.15 +12.52 Shenzhen B 1,133.92 +12.74 Dow 11.45am EDT 17,616.20 +13.90
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  • 1142 1  -  RBS, ANZ, and BOAML are among those contemplating this; analysts say Grade A office space being let go will still find replacement tenants By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT and By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BANKS look set to
    FILE PHOTO  -  1,142 words
  • 568 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE dawn of securities-based crowdfunding has finally come to Singapore after FundedHere on Monday said that it has been given the green light by the Monetary Authority of Singapore (MAS) to run
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  • Page 1 Advertisements
    • 69 1 *****1 *****1 TIIE BUSINESS TIMES BT’S BUDGET LIVE BLOG Get real-time analysis on Budget 2016 this Thursday, with The Business Times’s Budget live blog. As Finance Minister Heng Swee Keat delivers his maiden Budget speech on March 24, BT associate editor Vikram Khanna, Mizuho economist Vishnu Varathan and UOB economist
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    • 24 1 LKY WATER PRIZE WINNER Canadian hydrogeologist John Anthony Cherry top stories 4 HOCK LOCK SIEW CPF a goldmine for retirees, savers COMPANIES MARKETS 5
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    • 11 1 BUKIT BATOK BY-ELECTION PAP’s candidate: lawyer Murali Pillai TOP STORIES 2
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  • TOP STORIES
    • 468 2 REUTERS London US-BASED IHS Inc agreed to buy Markit Ltd to create a US$13 billion London-based data and business research provider, in the latest example of a US company moving its domicile overseas where corporate tax rates are lower. The companies
      REUTERS  -  468 words
    • 404 2  -  By Peter Thal Larsen CHINA’S debt burden is only going to get bigger. Total borrowing has grown rapidly to reach about 250 per cent of gross domestic product (GDP) last year, raising concerns about runaway credit. But pressure to meet unrealistic
      PHOTO: REUTERS  -  404 words
    • 815 2  -  Murali Pillai, with 16 years of grassroots work in the ward, pledges to serve the people with all his heart By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore Singapore HAVING spent more than 16 years as an activist in Bukit Batok, Murali Pillai
      PHOTO: JAMIE KOH/THE STRAITS TIMES  -  815 words
    • 815 2 LATEST US DATA BLOOMBERG Washington SALES of previously owned US homes dropped more than forecast in February after reaching the second-highest level since 2007 as low inventory levels continue to limit progress in housing. Closings on existing homes, which usually take
      BLOOMBERG; PHOTO: BLOOMBERG  -  815 words
    • 411 3  -  The East Coast integrated Depot will house train depots for three MRT lines and a bus depot within a 36 ha site By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE S$1.99 billion job to build a mul-ti-storey rail-and-bus depot has been awarded
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    • 533 3  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur CHINA Railway Group Ltd (CREC) will invest US$2 billion to build a regional centre in Bandar Malaysia which is expected to be followed by other multinational companies, particularly Chi-nese-owned, as Putrajaya seeks to squeeze the most out
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    • 621 3 REUTERS BLOOMBERG Shanghai CHINA’S banking regulator has urged lenders not to pay out extraordinary dividends and to limit their local government debt exposure, two people with direct knowledge of the matter told Reuters on Monday. The China Banking Regulatory Commission said
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    • 408 4  -  Industry that is set to hit US$30b by 2020 is being propelled by evolving complexities in cyber threats By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CYBERSECURITY is not only one of the Asia-Pacific’s quickest-growing markets set to hit US$30 billion by 2020
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    • 381 4  -  By Renald Yeo yrenald@sph.com.sg Singapore EMPLOYEE confidence has taken a dip, with the most dramatic drop among the millennials, according to the Randstad Workmonitor Report for Q1 released on Monday. In the first quarter of 2016, 66 per cent of millennials in
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    • 359 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore A TOP hydrogeologist from Canada who has pioneered work in groundwater is this year’s winner of the prestigious Lee Kuan Yew Water Prize. John Anthony Cherry, 74, was lauded for his contributions and influence
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  • Page 3 Advertisements
    • 43 3 JobsBank www.jobsbank.gov.sg WDA Singapore workforce development agency wu c* Administrative Banking Finance Hospitality Information Technology Manufacturing Professional Services Retail n i 6 Gain access to over 122,000 local talents for your company's hiring needs. REGISTER NOW AND CONNECT WITH LOCAL TALENTS AT WWW.JOBSBANK.GOV.SG
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  • Page 4 Advertisements
    • 2599 4 EXCELPOINT TECHNOLOGY LTD (Company Registration No. *****3280C) (Incorporated in the Republic of Singapore with limited liability) NOTICE OF FIFTEENTHANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of Excelpoint Technology Ltd. (“the Company”) will be held at Grand Mercure Roxy Singapore, 50 East Coast Road, Roxy
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  • COMPANIES & MARKETS
    • 779 5  -  HOCK LOCK SIEW BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT FOR retirees, the Central Provident Fund Board is a goldmine. Less well known is that savers too can also use the CPF like a bank to house their
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    • 292 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore INNOVEN Capital (InnoVen), a venture capital firm jointly owned by Temasek Holdings and UOB, on Monday said it expects to back 20 startups in South-east Asia, India and China over the next
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    • 296 5  -  By jaccheok@sph.com.sg Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IN a sign of things to come, StarHub on Monday announced that it has signed a memorandum of understanding (MOU) with China Mobile International (CMI, a wholly owned subsidiary of China Mobile) to accelerate strategic
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    • 531 6  -  Price falls nearly 80% in Monday plunge; financial institutions sell about 120m of CEO’s pledged shares HOT STOCK By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE rapid descent of OKH Global’s stock had confounded market observers on Monday but an announcement
      Source: Bloomberg  -  531 words
    • 322 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE three largest Thai stocks on the Singapore Exchange (SGX) have performed strongly this year, with year-to-date returns of 15.2 per cent on average, according to the exchange. This compares favourably against the SET 50
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    • 300 6 BLOOMBERG Dubai AL MASAH Capital Management Ltd, a Dubai-based investment firm, is considering an initial public offering of its Al Najah Education Ltd business in New York or London. Al Masah plans to start working on the share sale
      BLOOMBERG  -  300 words
    • 743 6  -  COMMENTARY By Nisha Gopalan BLOOMBERG Hong Kong INVESTMENT banks in Asia have been engulfed in the gloom surrounding job cuts in Wall Street trading floors. There are some green shoots emerging, but things just won’t
      BLOOMBERG  -  743 words
    • 304 6  -  By Grace So graceso@sph.com.sg Singapore INVESTING Note Pte Ltd, which provides free crowd-sourced information on retail investing through its social network site, hopes to establish itself as a platform through which remisiers can share their investing knowledge. Its website, www.investingnote.com, aims to foster interaction
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    • 747 7 Overseas banks, firms and agencies expected to move quickly after Beijing gives guidance for offshore issuers IFR Beijing PANDA bonds are springing back to life in China’s interbank market after an almost two-month pause, with DBS meeting investors in Shanghai
      IFR  -  747 words
    • CORPORATE DIGEST
      • 28 7 CHIEF executive of private cord-blood bank Cordlife, Jeremy Yee, has resigned to pursue other interests. His resignation is effective March 21, the same day as the announcement.
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      • 129 7 SINGAPORE Airlines (SIA) and three other major shareholders of Virgin Australia Group have extended a 12-month A$425 million (S$438.7 million) loan facility to provide the airline with additional financial flexibility in the short term. The facility, which is subordinated to Virgin Australia’s existing debt, is provided by the
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      • 80 7 STRUCTURAL steel contractor, Yongnam Holdings, has secured two contracts worth a combined S$49.5 million. One project is a structural steelwork sub-contract for the proposed 19-storey mixed-use development which houses the future Outram Community Hospital in Singapore.The other contract is a specialist civil engineering sub-contract for the Hong Kong
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      • 86 7 MARINE services firm Ezra Holdings has fully redeemed its S$95 million fixed rate notes due on Monday, after obtaining a secured S$100 million loan from banks. The loan was secured through share pledges over the entire issued share capital of Emas Offshore Limited and Triyards Holdings, both owned
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    • 124 7 REUTERS Singapore SINGAPORE’S DBS Group Holdings is seen leading the race to buy Barclays’ Hong Kong and Singapore private wealth units valued at as much as US$300 million, sources with knowledge of the situation said on Monday. The other bidder
      REUTERS  -  124 words
    • Article, Illustration
      63 8 STI Catalist Straits Times Index March 21,2016 2,880.69 -26.11 (-0.90%) Current streak 1 day Day high 2,906.26 Day low 2,867.01 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index March 21,2016 454.21 -5.18 (-1.13%) Current streak 2 days Day high 460.32 Day low
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    • 669 8  -  OKH’s spectacular S$0.279 collapse to S$0.071 one of the major talking points of Monday trading STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WEAKNESS in Hong Kong and in the Dow futures meant the Straits Times Index started the week off with a 26.11-point loss at
      Source: Bloomberg  -  669 words
    • 35 8 STI FTSE ST All-Share FTSE ST All-Share index March 21,2016 702.00 -5.40 (-0.76%) Current streak 1 day Day high 707.27 Day low 699.39 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 314 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 unch 249/244 271 209 5.9 6514.3 CapitaCom Trust 146.5 -0.5 147.5/145.5 179 122.5 5.9 4329.5 CapitaLand 314 -3 318/313 379 267 12.6 2.9 *****.1 CapitaMall Trust 213 -1 216/212 228 184.5
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    • 34 8 VOLUME OKH Global 247,390,500 Spackman 174,330,900 Ezra 100,492,800 Annica 82,000,000 Noble 71,648,100 Market volume 1,736,969,000 VALUE Singtel 87,291,002 DBS Grp 83,649,247 UOB 75,050,735 OCBC Bank 64,184,564 Keppel Corp 31,601,777 Market value 1,054,870,000
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    • 111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 -2 235 292/287 355/254 288/290 DBXT MSAXJHDY US$ US152.1 +4.1 140 152.1/151.2 198.6/131.7 152.3/153 8.5 Nikko AM STI ETF 294 -2 103 298/294 361/259 293/295 7.1 DBXT MSRussia US$ US189 +1 80 189/187
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    • 77 8 Mar 21 VALUE CLOSE BT OB/OS -13.00 -202.00 BT CADI -*****.00 -115.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 690.64 -2.41 FTSE ST Small Cap 400.34 -3.58 FTSE ST All Share 702.00 -5.40 FTSE ST China Top 165.43 -0.83 FTSE ST China 194.88 -0.96 FTSE
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    • 33 8 STI MSCI EAFE MSCI EAFE index March 18,2016 1,660.50 -3.25 (-0.20%) Current streak 1 day Day high 1,665.39 Day low 1,654.51 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 2 1 0 0 5 8 2 Manufacturing 32 45 18 3 14 13 35 59 31 Commerce 11 22 15 2 6 5 13 28 20 Tpt/Stor/Comms 9 12 8
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,102 2,195 20,297 59,793 444 60,236 Manufacturing 103,121 117,944 221,065 83,136 1,193 84,329 Commerce 99,125 46,252 145,377 92,290 1,200 93,490 Tpt/Stor/Comms 182,601 286 182,887 191,364 23 191,387 Finance 26,756 7 26,763 243,875 1 243,876 Construction
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    • 82 8 VOL CLOSE($) CHANGE OKH Global 247,390.5 0.071 -0.279 -79.71 TMC Education 35.0 0.071 +0.018 +33.96 China Env Res 0.1 0.039 +0.018 +85.71 ChinaSing Inv 186.9 0.011 -0.020 -64.52 Sysma 203.6 0.175 -0.021 -10.71 Sen Yue 3,160.4 0.019 -0.014 -42.42 CDW 9,159.4 0.175 -0.009 -4.89 Hosen 168.0 0.045 -0.004
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    • 79 8 BY CENTS CLOSE UP 52w high/low DBXT DBLCI-OY US$ 2088 193.1 7.3 2600/1946 DBXT MSPacXJp US$ 466 68.0 12.0 523/401 Lyxor Europe US$ 1288 54.4 3.2 1583/1150 DBXT E50 US$ 4480 53.0 0.9 5300/3968 Lyxor ChinaH US$ 1245 34.0 2.0 2055/999 BY PERCENTAGE CLOSE UP 52w high/low China Env
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    • 76 8 BY CENTS CLOSE DOWN 52w high/low Lyxor Indonesia US$ 8189 -289.7 -2.5 9094/6250 GLD US$ ***** -174.1 -1.1 *****/***** DBXT MSEurope US$ 5298 -43.5 -0.6 6300/4770 JMH USD 5668 -43.5 -0.6 6386/4500 OKH Global 7.1 -27.9 -79.7 75/6.8 BY PERCENTAGE CLOSE DOWN 52w high/low OKH Global 7.1 -79.7 -27.9
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    • BROKERS’ TAKE
      • 150 8 Target price: US$8.50 March 21 close: US$5.96 rhb Research, March 21 We believe there is much room to improve on gross margin in its supermarket/hypermarket segment, as the company reiterated its commitment to increase direct sourcing. This would be further enhanced through the addition of new fresh-food
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      • 146 8 Target price: S$1.03 March 21 close: S$0.875 DBS Group Research, March 21 While a-iTrust has rallied over 20 per cent since we upgraded the stock to “buy” in late January, we believe it remains an under-appreciated growth story. With Singapore-focused Reit facing headwinds translating into slowing
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      • 199 8  -  Compiled by Andrea Soh Target price: S$0.295 March 21 close: S$0.28 OCBC Research, Mar 21 Midas Holdings recently announced that it has secured contracts totalling 247.7 million yuan (S$52 million) for the supply of aluminium alloy extrusion profiles and fabricated parts for high-speed trains (217.3 million yuan)
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    • 384 9 CURRENCIES REUTERS London STERLING was the big loser among major currencies on Monday, sinking more than half a per cent on concerns that a split in the ruling Conservative Party is deepening ahead of June’s referendum on EU membership. With stock markets
      REUTERS  -  384 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Mar 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 4.921 0.674 5.884 50.456 99.934 0.845 8.823 3.085 1.122 79.446 35.159 1.032 11.693 0.737 24.638 26.512 0.528 0.759 Canada 1.007 4.957
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      • Article, Illustration
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      • 155 9 Mar 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0317 1.0326 0.7586 0.7590 Canadian dollar 1.0393 1.0401 0.7645 0.7642 Euro 1.5300 1.5310 1.1250 1.1253 NZ dollar 0.9194 0.9201 0.6760 0.6763 Sterling pound 1.9561 1.9572 1.4383 1.4386
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      • 21 9 Mar21 S$ Bid Offer 1-month 1.3604 1.3612 2-months 1.3609 1.3618 3-months 1.3615 1.3625 6-months 1.3639 1.3650 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 211 9 Most active Mar 21 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 1 -0.2 6400 1 18 7 DBS MB eCW*****1 15.6 -1.2 5251 0.1 1480 4 STI 2850 MB eCW*****9 5 unch 4200 0.0 1
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 18 Index Change Change Change Change Change Change World Preliminary 1244.6 0.2 -2.6 0.6 -5.4 0.1 -1.1 EAFE Preliminary 946.3 -0.1 -6.6 0.3 -7.5 -0.2 -3.3 Europe Preliminary 1344.5 0.1 -4.8
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      • 374 9 Mar 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9555.00 9837.50 9532.50 9787.50 *****0 *****6 Apr16 9487.50 9767.50 9475.00 9695.00 ***** ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Sep16 *****.00 0 568 MSCI TAIWAN INDEX FUTURES Mar16
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    • BANK RATES
      • 154 9 Mar 21 $S Offer Bid 0vernight 0.03 Par 1-month 1.000 0.875 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: N.A. US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.05 0.85 9 months 1.25 1.05 12
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      • 69 9 Mar 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.66 100.74 100.71 5-Year NX*****X 2.250 01-Jun-21 102.51 102.63 102.50 10-Year NX*****Z 2.375 01-Jun-25 102.56 102.70 102.70 15-Year NZ*****F 2.875 01-Sep-30 105.32 105.40 105.40 20-Year NZ*****V 3.375 01-Sep-33 111.52
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    • AGRI METALS ENERGY
      • 250 9 Mar-18 Price Net change change Last Trade Agricultural Mar-18 CBOT Soybeans (US cents/bu) 897.50 -0.25 -0.03% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.42 0.01 0.03% 13/05/2016 CBOT Wheat (US cents/bu) 463.00 0.50 0.11% 13/05/2016 Mar-18 LIFFE Cocoa (£/tonne) 2256.00 -4.00 -0.18% 13/05/2016 LIFFE Coffee (US$/tonne) 1447.00 19.00 1.33%
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    • 1775 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High 153 127 AIMSAMP Cap Reit 134 -1 107 135 133.5 1 8.3 851.4 LOW 175.5 101 ARA Asset Mgmt 119.5cd +0.5 961 120 118
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    • 305 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol 4 1.7 t Acesian Partners 3 unch 1060 3 3 4.1 10.5 1 0.2 t Advanced Systems 0.3 unch 200 0.3 0.3 7.9 Day Low Div C'vr
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    • 155 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1190 0 1190 1190 vol 4258 2355 DBXT China50 US$ US2781 +11 0 2781 2776 7.6 135.3 97.5 DBXT MS SING US$ US114 +15.9
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  • Page 6 Advertisements
    • 76 6 BUDGET 2016 LATEST NEWS, INFOGRAPHICS AND ANALYSIS 2- -2. _rr-4 -2 k. r: > 4 Follow the BUSINESS times' coverage at bt.sg/budget_l6 #SGBudget20l6 SA f. s' O' yik V < v» r- K v:v I ■4 V1 sd r 1 >2 \J': J 2k. ,225, r v5r v > y,
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    • 15 6 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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  • Page 7 Advertisements
    • 152 7 AIRFRANCE X FRANCE IS IN THE AIR l *r •> r pv i* I* S>2s•>>.•: rtt v mm y»?^ flgftM V* c» V V a a*"' a a >V 'v* >A if f4 I v v d V.,-' >• 'V.d fc if*. a 4 V;V' <*W .*si > •> 77'
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  • Page 11 Advertisements
    • 2009 11 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices $»ABANA SHARl'AH COMPLIANT REIT NOTICE OF ANNUAL GENERAL MEETING SABANA SHARl'AH COMPLIANT INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 29 October 2010 under the laws of the Republic of Singapore) Managed by Sabana Real Estate Investment
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    • 1056 11 Scotiabank THE BANK OF NOVA SCOTIA (Incorporated in Canada with Limited Liability) Note: All figures quoted in Canadian dollars (millions) except per share amounts CONSOLIDATED STATEMENT H CONSOLIDATED STATEMENT OF FINANCIAL POSITION H OF INCOME Prior period information has been reclassified to conform with current period presentation. Notes to the
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    • 6986 12 NOTICES TOLL FREE 18 0 0-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices FORM OF NOTICE OF MEETING THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take,
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    • 1436 12 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE HC/OS 144/2016) In the Matter of Part VIIIA, Section 227A of the Companies Act (Cap. 50) AND In the Matter of SEMBAWANG ENGINEERS AND CONSTRUCTORS PTE. LTD. (Singapore UEN No. *****5192W) SEMBAWANG ENGINEERS AND CONSTRUCTORS PTE. LTD. (Singapore UEN No. *****5192W)
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  • REAL ESTATE
    • 564 13  -  Singapore ranks fifth from last in Knight Frank’s list, after a 3.6% drop in non-landed private home prices By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore KNIGHT Frank’s Global House Price Index rose 3 per cent in 2015 a stronger gain compared with
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    • 280 13 BLOOMBERG Shanghai SHANGHAI officials are planning additional measures to stem a surge in property prices in China’s financial hub, according to sources. The city’s government held a meeting with authorities including the local branches of the central bank and banking regulators on
      BLOOMBERG  -  280 words
    • 384 13  -  By Christopher Langner BLOOMBERG Singapore INTERNATIONAL investors who bought Chinese property-related stocks and bonds a year ago, when default fears sent them into a tailspin, have cause for celebration. Their bravery has paid off, handsomely. Real estate prices in Shenzhen have increased 74
      BLOOMBERG  -  384 words
    • 508 13 BLOOMBERG AFP Berlin STARWOOD Hotels Resorts Worldwide Inc accepted an improved bid from Marriott International Inc valued at US$13.6 billion, topping an offer from a group of investors led by China’s Anbang Insurance Group Co. Under the terms of the new offer, Starwood shareholders
      BLOOMBERG; AFP; PHOTO: REUTERS  -  508 words
  • Page 13 Advertisements
    • 278 13 PRIME RESIDENTIAL SITE FOR SALE BY TENDER AMBER PARK(ESTATE IN FEE SIMPLE) SITE AREA *****.90 sq m (213,675.00 sq ft) DEVELOPMENT BASELINE PLOT RATIO 2.843 NO DEVELOPMENT CHARGE DOUBLE FRONTAGE POTENTIAL FOR 690 UNITS PANORAMIC SEA VIEWS UPCOMING AMBER MRT STATION TENDER CLOSING DATE 23 MARCH 2016 2:30 PM (WEDNESDAY)
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    • 355 13 Collective Sale By Tender FREEHOLD 89 Short street, S( 1 *****) Commercial Building GOLDEN WALL CENTRE •Freehold Commercial Site adjacent to Rochor MRT station •Strategically located at the fringe of Central Area Within Bras Basah Bugis Planning Area, where Urban Design Guidelines seek to create a pedestrian-friendly district with an
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    • 234 13 Preview before Japan Launch! An Opportunity to Invest in Tokyo's Prime Residential Introducing Park Luxe a freehold condominium in Shirokane Takawana, one of the most prestigious residential areas in Japan !T 23* t i i Developed by renowned developer Mitsui Fudosan Residential An attractive investment opportunity with high yield dm
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  • BANKING & FINANCE
    • 964 14 Primary dealers’ stash of Treasuries reaches US$121 billion in February, the most since October 2013 BLOOMBERG New York THE world’s biggest bond dealers are getting saddled with Treasuries that they cannot seem to easily get rid of, adding to evidence of cracks
      BLOOMBERG; PHOTO: BLOOMBERG  -  964 words
    • 499 14 BLOOMBERG Mumbai A REBOUND in loan growth to a 20-month high sounds like good news for Indian banks as they struggle to shake off the impact of a surge in bad debts. But a deeper dive into the reasons behind the
      BLOOMBERG  -  499 words
  • Page 14 Advertisements
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  • ENERGY & COMMODITIES
    • 771 15 Reversal in strategy reinforces concerns about growing global glut, threatens to dampen rebound in prices REUTERS New York A DREADED scenario for US oil bulls might just be becoming a reality. Some US shale oil producers, including Oasis Petroleum and Pioneer Natural
      REUTERS  -  771 words
    • 1052 15 Hedge funds, private equity firms are also shying away due to its uncertain future NYT New York TENS of thousands of miners were on strike and coal prices were skyrocketing in October 1902. Afraid of unrest, president Theodore Roosevelt sought the help
      NYT; PHOTO: REUTERS  -  1,052 words
  • Page 15 Advertisements
    • 176 15 THE TIMES OF INDIA Presents REALTY INDIA EXPO 2016 r FREE ENTRY If you are looking at investing in India, this is an event not to be missed! PARTICIPATING CITIES Chennai Bangalore Pune Delhi Mumbai Kerala Coimbatore Thane Gurgaon Noida Bhopal Ahmedabad Mangalore Hyderabad Andhra Pradesh MARCH SAT 26th SUN
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    • 546 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Tenor Total Amount Offered Minimum Denomination MAS' Intended Tender Amount 2 Issue Code ISIN Code Issue Date/Settlement Date 1 Maturity Date 1 Coupon Rate Yield and Price 1 Coupon
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  • TECHNOLOGY
  • Page 16 Advertisements
    • 609 16 FULL-DAY WORKSHOPS THE MODERN WORKPLACE: ARE YOU EQUIPPED FOR IT? Who should attend: Directors, Business Owners, Supervisors, Professionals, Managers, Executives, and Leaders who wish to grow further in their roles. VISUAL STORYTELLING We live in an age of information abundance and attention scarcity where audiences have lesser time to take
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  • CONSUMER
    • 857 17 Cash shortages at weakest firms threaten not only banks and bondholders, but also interconnected supply chains BLOOMBERG New York NOT since 1999 have China’s companies had so much trouble getting customers to actually pay for what they have bought. It
      BLOOMBERG  -  857 words
    • 327 17 BLOOMBERG Hong Kong CHINA’S consumers are ignoring the bears. Consultancy McKinsey Co is tipping that China’s shoppers will increase their spending by 10 per cent per year through the end of the decade as incomes rise. Some 5 5 per cent of
      BLOOMBERG  -  327 words
  • Page 17 Advertisements
    • 3655 17 Noble Group Limited (Incorporated in Bermuda with limited liability) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 2016 Annual General Meeting of Noble Group Limited (the “Company”) will be held at Summit 1, Level 3, Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore
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  • TRANSPORT
    • 905 18 Each of them would have recouped an average US$835 over past 4 years if they had been classified as employees REUTERS San Francisco DRIVERS who worked for ride-hailing service Lyft in California during the past four years would have been
      REUTERS; PHOTO: REUTERS  -  905 words
    • 277 18  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) and airport operator Changi Airport Group (CAG) have extended the Changi Transit Programme which provides SIA and SilkAir passengers with spending vouchers until the end of March next year. Under
      277 words
    • 240 18 AFP Sydney TWO pieces of debris found in Mozambique have arrived in Australia for experts to determine if they came from missing Malaysia Airlines flight MH370, an official said. A huge search for the Boeing 777, thought to have crashed into the
      AFP  -  240 words
    • 880 18 BLOOMBERG Dubai FLYDUBAI’S top executive said conditions for landing were appropriate when one of its flights crashed at a windy airport in southern Russia, even though three other carriers rerouted flights to other destinations. “As far as the operation of the flight,
      BLOOMBERG; PHOTO: REUTERS  -  880 words
  • Page 18 Advertisements
    • 48 18 Hospitality Investment Conference Indonesia Sign up in a group of 3 and enjoy 10% DISCOUNT' 28-29 April 2016 Raffles Jakarta, Indonesia .t For more information about the conference, please contact: Linda Christina M linda@sphereconferences.com +65 6848 5372 Organised by sphere SINGAPORE PRESS HOLDINGS WWW.HICI.SPHERECONFERENCES.COM I TWEET US #sphHICI
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    • 25 18 Astory about a box that holds big dreams for a little country Now available in Chinese Now on sale at all major bookstores and www.stpressbooks.com.sg
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    • 47 18 HOT PROPERTY PEOPLE PK CTR Office. Good location. Walking distance to MRT, State Court. 441 sqft. $620K! LE SHANTIER, BALESTIER. FH 861 sf. Corner. Partial fitted. Access to trpt eateries. $1.25M. OFFICE SPACES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • GOVERNMENT & ECONOMY
    • 614 19 Country is urged to take advantage of low interest rates to finance a public-investment programme BLOOMBERG AFP Frankfurt GERMANY could give itself and the euro area a boost if it takes advantage of low interest rates to finance a pub-lic-investment
      BLOOMBERG; AFP  -  614 words
    • 368 19 BLOOMBERG Dubai SAUDI Arabia’s investment banking regulator is telling international banks to publicly disclose financial statements for the first time as the kingdom seeks to boost transparency. The Capital Markets Authority (CMA) is requiring financial institutions it regulates to publish the information
      BLOOMBERG  -  368 words
    • 624 19 BLOOMBERG Beijing AS Chinese stocks plunged last July, an official from the nation’s central bank reached out to the Federal Reserve for information about how it handled the 1987 US equities crash, Reuters reported. Song Xiangyan, the
      BLOOMBERG  -  624 words
    • 519 19 BLOOMBERG Hanoi VIETNAM risks being vulnerable to external shocks if it doesn’t push through reforms to strengthen its banking system and restructure state businesses, according to International Monetary Fund (IMF) chief Christine Lagarde. The South-east Asian nation isn’t in a position to withstand
      BLOOMBERG; PHOTO: AFP  -  519 words
    • 398 19 AFP Sydney AUSTRALIAN Prime Minister Malcolm Turnbull threatened on Monday to hold early general elections, which his conservative government would likely win, if Parliament fails to end a deadlock over legislation on unions. Mr Turnbull grabbed power in a ruling Liberal party
      AFP  -  398 words
  • Page 19 Advertisements
    • 25 19 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
      25 words
    • 182 19 Editorial: Aussie PM should ensure that exports of services get a boost in the Budget, Page 20 Presented to you by WHAT YOU WILL LEARN How to bridge between short term trading and long term investing with the integration of FA and TA Know the interactions of macroeconomic indicators and
      182 words

  • OPINION
    • 635 20 EDITORIAL SIX months into his job, Australian Prime Minister Malcolm Turnbull is facing headwinds as his rivals in the Liberal Party seek to destablise his administration. When he deposed the former leader, Tony Abbott, his party’s
      635 words
    • 664 20  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington SURPRISE: America’s discouraged workers are finding jobs or so it seems. Unanticipated by many economists, this is good news for the country (and, assuming it continues, probably for Democrats this
      THE WASHINGTON POST WRITERS GROUP  -  664 words
    • 1171 20 ON March 10, 2016, Yaacob Ibrahim, Minister for Communications and Information, unveiled Design 2025 outlining the recommendations of the Design Masterplan Committee at the launch of the Singapore Design Week. Design 2025 Singapore by Design hopes to infuse design into everyone’s skillset to turn high-cost
      1,171 words
    • 847 21  -  COMMENTARY By Danilo Turk and Sundeep Waslekar TDanilo Turk is the former president of Slovenia and chairman of the Global High Level Panel on Water and Peace. Sundeep Waslekar is president of the Strategic Foresight Group, an international think
      847 words
    • 802 21  -  COMMENTARY By Eduardo Araral and Sun Xi T Eduardo Araral is vice-dean (research), associate professor, and director of the Institute of Water Policy at the Lee Kuan Yew School of Public Policy, National University of
      802 words
    • 1371 21  -  Reagan was also dismissed as a US presidential candidate but he wasn’t seen as a dangerous man By Leon Hadar Washington WITH your permission, let me take a stroll down memory lane. It was 1980 and I was
      PHOTO: REUTERS  -  1,371 words


  • Page 22 Advertisements
    • 724 22 s-i. the Business times Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul
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    • 208 22 Open yard storage of 16,000sqm Unstuffing/Stuffing Inland Transportation Solutions Painting Engineering Works Providing a one-stop solution for all your logistics needs Call 8121 0966 or email 2WASSINEPCOperation@2wglobal.com for more details TOKO LINE REGULAR RORO/CONVENTIONAL SERVICE JAPAN/HONGKONG/STRAITS/BATAM/JAKARTA 171 TRAS STREET #06-177/179 UNION BUILDING, SINGAPORE *****5 TEL: *****144/*****355 FAX: (65) *****852 TELEX:
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  • LIFE & CULTURE
    • 550 23 AFP Paris IT’S the year’s least likely feel-good hit film in which the little guys take on France’s richest man and end up laughing all the way to the bank. A documentary about an unemployed middle-aged couple in one of
      AFP; PHOTO: REUTERS  -  550 words
    • 663 23 Her L’Auberge de la Feniere has managed to hold on to old customers, while attracting new ones with quirky haute cuisine AFP Lourmarin, France A TOP French chef has transformed her Michelin-starred restaurant in Provence into a gluten-free haven after teaming up with
      AFP; PHOTO: AFP  -  663 words
    • 1119 23  -  By Erin Scala T Erin scala is the sommelier at Petit Pois and Fleurie in Charlottesville, Virginia, and writes about wine for c-VILLE Weekly and at her blog, Thinking-Drinking. Charlottesville, Virginia TWO weekends ago, US President Barack Obama
      PHOTO: REUTERS  -  1,119 words
  • Page 23 Advertisements
    • 60 23 201 6 MARCH SERI ES FULL-DAY WORKSHOPS M A R 1 6 31THURSDAY SPH News Centre 9.30am to 6.00pm OVERCOMING THE PETER PRINCIPLE: ACHIEVING CONSISTENCY IN CAREER PERFORMANCE Trainer Daniel Theyagu Early Bird by 26 Mar$489 Price From 27 Mar$589 Productivity and Innovation Credit (PIC) Claimable To register or find
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  • Page 23 Miscellaneous
    • 319 23 CRYPTIC CROSSWORD Across 1 Obstacle for canoeists paddling initially in storms (6) 4 Critical remark makes good chap flutter (8) 9 Page puts on a little weight in spring (6) 10 Runner is more self-satisfied going round lake (8) 11 Biblical books could make chap pray, getting old inside (9)
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  • SME
    • 738 24  -  FGMEs have potential as they are fast growing, highly scalable firms. BY WILSON CHEW BY WILSON CHEW T The writer is entrepreneurial and private clients partner at Pwc Singapore THE current uncertain global economic outlook and Singapore’s on-going economic restructuring present a window of opportunity
      738 words
    • 374 24  -  This suggests that beyond greater incentives, there may be a need to raise awareness of government’s initiatives By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore DESPITE numerous initiatives rolled out by the government to help small and medium enterprises (SMEs), their Budget
      374 words
    • 1165 24  -  By Shane Owenby T The writer is Amazon Web Services’ managing director for the Asia-Pacific AS Singapore embarks on the next lap of development in an increasingly challenging economic and volatile operating global environment, one of the top areas of focus to sustain economic growth
      FILE PHOTO  -  1,165 words
  • Page 24 Advertisements
    • 107 24 I IN-TUNE WHERE LEADERS SPARK Bringing SME Leaders together to: Cultivate CONVERSATIONS Discuss IDEAS Build PARTNERSHIPS NETWORKS Date Time: 31 March 2016 3pm to 5pm (Registration commences from 2.30pm) Venue: Devan Nair Institute for Employment and Employability 80 Jurong East Street 21 Level 1, Hall 3 Singapore *****7 For more
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  • Page 25 Advertisements
    • 334 25 WHY ARE CYBER ATTACKS SUCCESSFUL? COULD YOUR OUTDATED SYSTEMS EXPOSE YOUR TRADE SECRETS? Medical patents are extremely valuable to cyber criminals. This is why they target the ageing computer systems of pharmaceutical companies to obtain blueprints of critical processes, innovations and research. These can then be leaked or sold, resulting
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  • Page 26 Advertisements
    • 134 26 COULD YOUR FIRST PET COST YOU MILLIONS OF DOLLARS? What is your first pet’s name? This may seem trivial, but it could leave your business vulnerable to cyber threats. Cyber criminals can, through the information shared on social media and the Internet, obtain such answers to gain access to your
      134 words
    • 54 26 THE BUSINESS TIMES 8"*****1 3000 1 1" > SS1.20 Sp}l A SINGAPORE PRESS HOLDINGS PUBLICATION WWW.bUSineSStimeS.COm.Sg G E @BusinessTimes I CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, March 22,2016 NN THE ART AND SCIENCE OF BEING CYBER SECURE CYBER THREATS HAVE EVOLVED. SO HAVE WE. E-COP IS NOW QUANN.
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