The Business Times, 2 February 2015

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Microfilm: NL33374
Total Pages: 25
1 26 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, February 2,2015
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  • DAILY DIGEST
    • Article
      Lock icon Prime Minister Lee Hsien Loong
      25 1 has arrived in Europe for a week-long trip that takes him to Germany first and then to Spain. TOP STORIES/4
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    • Article
      Lock icon China's official
      38 1 January manufacturing purchasing-managers index unexpectedly fell to its lowest figure in more than two years, official statistics showed. This will increase pressure on the central bank to further loosen monetary policy, analysts say. TOP STORIES 4
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    • Article
      Lock icon Far East Hospitality
      39 1 has outdone itself quicker than expected, ballooning its stable of properties to 80 and tripling its hotel brands from three to nine, following several corporate actions involving Straits Trading Company and the Toga Group.COMPANIES MARKETS 5
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    • Article, Illustration
      Lock icon Countries from
      42 1 Mexico to Germany and Malaysia are increasingly taking advantage of cheap oil by trimming fossil-fuel subsidies, easing the way for renewable power that can help the environment, according to the chief economist of the International Energy Agency. ENERGY COMMODITIES 16
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    • Article
      Lock icon Declaring that
      42 1 “the possibilities are boundless”, President Barack Obama announced a major biomedical research initiative, including plans to collect genetic data on a million Americans so that scientists can develop drugs and treatments tailored to the characteristics of individual patients. TECHNOLOGY 18
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    • Article
      Lock icon Greece’s leftist government
      43 1 has outlined plans to lift the minimum wage, continuing a roll-back of the austerity terms of its international bailout and underlining the balancing act it faces to persuade a sceptical Europe to agree a new debt accord. GOVERNMENT ECONOMY 24
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,391.20 -20.30 KL COMP 1,781.26 -21.82 NIKKEI 225 17,674.39 +162.64 HANG SENG 24,507.05 -343.40 SHENZHEN B 1,070.04 -4.06 DOW 17,164.95 -507.65
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  • Article, Illustration
    Lock icon Measures to curb excessive shoebox units yield mixed impact: study
    1328 1  -  Smaller-sized units seen appealing to a wider group of homebuyers and investors By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MEASURES to moderate the excessive development of shoebox apartments, commonly referred to as “Mickey Mouse” units, appear to have had a mixed
    ST FILE PHOTO  -  1,328 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      47 1 ||llllllllllll||llllllllllll|| 8 *****1 *****4 XIN YUE A welcome indie entrant to Chinese dining scene DINING OUT 25 OYSTER PERPETUAL DATEJUST t ROLEX <€>> Cortinawatch sn#* CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 0084 RAFFLES CITY, #OI-36A. TEL: 6339 9185 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      27 1 ECB'S QUANTITATIVE EASING Another challenge for Europe VIEWS FROM THE TOP 12-13 JARDINE GROUP Shunned by local brokers, but too important to miss BT-CITIBANK YOUNG INVESTORS/FORUM 14
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    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      10 1 BUDGET 2015 Help for mid-career, middle-aged Singaporeans TOP STORIES 2
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  • TOP STORIES
    • Article
      Lock icon Budget will help mid-career Singaporeans: Tharman
      459 2  -  Govt also putting final touches to Silver Support scheme, along with other measures to help the poor elderly BUDGET 2015 By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore IN ADDITION to addressing the needs of the poor elderly, the upcoming 2015 Budget will help mid-career, middle-aged
      459 words
    • Article
      Lock icon SMEs look for more targeted help
      776 2  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SMALL and medium-sized enterprises (SMEs) are looking beyond technology adoption and hardware purchases to address manpower shortages and reduce their reliance on foreign labour. One idea is to market SMEs more aggressively to existing and potential local job
      776 words
    • Article, Illustration
      Lock icon More fall in prices expected in February
      810 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg PRICES of just about everything, including US stocks, fell in January, and February could bring more of the same unless US economic data picks up. Last Friday’s trading on the stock market was in line with
      PHOTO: REUTERS  -  810 words
    • Article
      Lock icon PM Lee on official visits to Germany and Spain
      450 4 / 5  -  Key topic likely to be discussed is Singapore’s desire for early ratification of EU-Singapore FTA By Lee u-Wen leeuwen@sph.com.sg @LeeUwenBT Dresden, Germany SINGAPORE Prime Minister Lee Hsien Loong has arrived in Europe for a weeklong trip to Germany first and then
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    • Article
      Lock icon Singapore business delegations in Europe to explore opportunities
      496 4 / 5  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Dresden, Germany THE Singapore Business Federation (SBF) and International Enterprise (IE) Singapore are leading a total of three business delegations to Europe, in conjunction with Prime Minister Lee Hsien Loong’s official visits to Germany and Spain that
      496 words
    • Article, Illustration
      Lock icon China’s Jan manufacturing PMI falters; analysts expect loosening of monetary policy
      697 4 / 5  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S official manufacturing purchasing managers’ index (PMI) unexpectedly fell in January to its lowest level in more than two years, official statistics showed last week. This will increase pressure on the central bank to
      PHOTO: AFP  -  697 words
    • Article
      Lock icon Changi 2014 retail sales flat at S$2b
      315 4 / 5  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AMID an estimated dip in tourist numbers last year, retail sales were flat at Changi Airport for 2014, totalling around S$2 billion for the year. This was about the same as a year ago. Two years ago,
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      Lock icon Page 2 Advertisements Column 1
      138 2 O’ M f k t fit m Authentic Teochew Raw Fish Prosperity Set Menus it. Winning the toss for great New Year dining. When it comes to venues for Chinese New Year Lo Hei menus, Hung Kang wins the toss. Our truly authentic Teochew Prosperity Set Menus and unique Teochew
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon For Far East Hospitality, it’s mission accomplished for now
      953 4 / 5  -  Group now has 80 hotels and serviced residences globally and has tripled its brands in two years. TOPLINE BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT ABOUT two years ago, Far East Hospitality (FEH) said it was hoping to take its three brands overseas
      PHOTO: ARTHUR LEE  -  953 words
    • Article, Illustration
      Lock icon Complying with ‘comply or explain’
      950 4 / 5  -  Companies need to realise that if they do not comply with the Code of Corporate Governance, they have to explain why they don’t. BY LYN BOXALL T The writer is a member of the Professional Development Committee of the Singapore institute of Directors. SINGAPORE, like
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    • Article
      Lock icon Low activity with busy reporting season on
      1519 6  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Ltd UYING plunged while selling among directors was flat, based on filings on Singapore Exchange in the last week of January. A paltry eight companies recorded 21 purchases worth S$4.6
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    • Article, Illustration
      Lock icon STI / Catalist
      63 7 STI Catalist WEEKLY Straits Times Index Jan 30,2015 3,391.20 -20.30 (-0.60%) Current streak 2 days Week high 3,419.15 Week low 3,391.20 52-week high 3,411.50 (Jan 23,2015) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist index Jan 30,2015 742.71 +4.85 (+0.66%) Current streak 1 day Week high 747.24 Week low
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    • Article, Illustration
      Lock icon Will Wall Street decouple from the rest of world?
      658 7  -  TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WALL Street’s Friday plunge shouldn’t come as much of a surprise, given that the Straits Times Index on the same day went down in anticipation of a US selloff. As a result, it’s probable that
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 7 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Jan 30,2015 817.18 -3.45 (-0.42%) Current streak 2 days Week high 824.13 Week low 817.18 52-week high 820.63 (Jan 23, 2015) 52-week low 733.83 (Feb 7, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 7 STI MSCI EAFE WEEKLY MSCI EAFE Index Jan 30,2015 1,782.70 -5.01 (-0.28%) Current streak 3 days Week high 1,807.62 Week low 1,782.70 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 STI STOCKS
      306 7 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 -11 263/243 263 206 5.8 6219.7 CapitaLand 348 -8 358/348 364 268 17.4 2.3 ***** CapitaMall Trust 209 xd -16 225/209 226 180 5.2 7248.7 CityDev 1005 -48 1049/1005 1118 860
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    • Article
      Lock icon GAINERS
      78 7 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 472.6 1.7 *****/***** DBXT Nifty US$ ***** 259.2 1.3 *****/9759 DBXT MSJAP US$ 4630 175.5 2.9 4814/4260 DBXT STGLDv US$ 3282 158.0 3.7 3542/3042 DBXT MSEurope US$ 5752 117.5 1.5 6492/5366 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.4
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    • Article
      Lock icon LOSERS
      77 7 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -853.3 -3.1 *****/***** GLD US$ ***** -456.4 -2.7 *****/***** Lyxor Idonesia US$ 9055 -167.4 -1.4 9636/7358 DBXT China50 US$ 3370 -148.5 -3.2 3480/2577 Pan Ocean 318 -142.0 -30.9 590/280 BY PERCENTAGE CLOSE DOWN 52w high/low KepCorp MBeCW*****1 0.7 -56.3
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 7 VOL CLOSE($) CHANGE UniFiber System 13,833.2 0.010 +0.003 +42.86 Novo^ 440.3 0.320 +0.090 +39.13 Amplefield^ 14,851.0 0.008 +0.002 +33.33 Hoe Leong 7,381.2 0.063 +0.006 +10.53 Techcomp 22.5 0.235 -0.015 -6.00 PNE Micron 30,214.6 0.053 +0.004 +8.16 Epicentre 231.0 0.150 +0.016 +11.94 Chinese Global 60.0 0.005 -0.001 -16.67 Pacific
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 7 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 4 0 0 0 9 3 4 Manufacturing 81 69 20 13 18 10 94 87 30 Commerce 30 24 20 8 8 4 38 32 24 Tpt/Stor/Comms 22 17 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 7 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 189,645 189,645 822,876 822,876 Manufacturing 1,404,626 244,552 1,649,178 555,762 14,185 569,947 Commerce 483,717 209,050 692,767 505,619 10,167 515,786 Tpt/Stor/Comms 860,017 1,761 861,778 1,179,707 545 1,180,252 Finance 151,931 463 152,394 1,099,900 100 1,100,000 Construction 125,839 45,809
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    • Article
      Lock icon MOST ACTIVE
      36 7 VOLUME Pacific Andes 385,352,000 IHC 293,020,300 Tigerair 267,059,800 Golden Agri-Res 229,696,500 Advance SCT 227,267,400 Market volume 8,393,152,000 VALUE Keppel Corp 530,150,589 DBS Grp 447,319,596 Keppel Land 428,510,511 SingTel 376,434,364 UOB 283,793,436 Market value 7,198,075,000
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    • Article
      Lock icon SGX ETFs Most Active
      113 7 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US797 -13 3875 1000/794 1000/541 796/797 99.6 IS ASIA HYG US$ US1059 +15 1253 1062/1039 1119/1013 1052/1059 STI ETF 341 xd -6 1075 349/341 349/298 340/341 DBXT MSPHILS US$ US218 +0.7 348
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    • Article
      Lock icon COMPANY MEETINGS
      84 7 COMPANY MEETING PLACE DATE TIME Asia Fashion S Maxwell Chambers Pte Ltd Large Room (Level 3) 32 Maxwell Road #03-01 02-Feb 2.00pm Oriental Grp E 10 Upper Aljunied Link #04-09 06-Feb 3.00pm United Environtech E Amara Hotel Connection 1 (Lvl 3) 165 Tanjong Pagar Road 06-Feb 2.00pm Ziwo
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 7 Jan 30 VALUE CLOSE BT OB/OS 401.00 +160.00 BT CADI -*****.00 -8.00 BT 10-day MA -*****.00 +40.00 FTSE ST Mid Cap 783.39 -2.89 FTSE ST Small Cap 504.34 -0.54 FTSE ST All Share 817.18 -5.74 FTSE ST China Top 196.24 -1.18 FTSE ST China 233.62 -3.13 FTSE
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    • Article
      Lock icon Oil lowest since 2009 amid supply glut
      894 7 COMMODITIES AFP London World oil prices tumbled close to six-year lows last week, as record-high US crude inventories deepened worries over the global supply glut. In another blow, official data on Friday showed that the US economy slowed sharply in the fourth quarter
      AFP  -  894 words
    • Article
      Lock icon Dollar up for 7th straight month, euro falls hard
      416 8 CURRENCIES BLOOMBERG New York THE US dollar pushed its winning streak to seven straight months for the first time in a decade as a wave of easing by the world’s major central banks enhanced the appeal of US assets. The euro
      BLOOMBERG  -  416 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 Jan 30 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.983 4.859 0.686 6.028 48.051 98.373 0.917 8.515 2.819 1.068 78.605 34.283 1.050 8.988 0.721 24.517 25.433 0.516 0.778 Canada 1.017 4.942
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 Jan 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0495 1.0508 0.7773 0.7780 Canadian dollar 1.0678 1.0687 0.7912 0.7908 Euro 1.5303 1.5312 1.1334 1.1336 NZ dollar 0.9824 0.9836 0.7276 0.7282 Sterling pound 2.0349 2.0362 1.5071 1.5075
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 Jan 30 S$ Bid Offer 1-month 1.3506 1.3514 2-months 1.3514 1.3522 3-months 1.3518 1.3527 6-months 1.3529 1.3538 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 8 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 8 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 8 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 8 WEEKLY
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Jan 30 $S Offer Bid 0vernight 0.10 0.05 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6875 0.5625 Overnight mode: 0.35 US$ 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 8 Jan 30 (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
        69 8 Jan 30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 103.3 103.37 103.35 5-Year N*****0H 1.625 01-Oct-19 101.14 101.30 101.20 10-Year NY*****H 3.000 01-Sep-24 109.78 110.15 109.72 15-Year NY*****E 2.875 01-Jul-29 108.01 108.35 108.08 20-Year NZ*****V 3.375 01-Sep-33 116.6
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        365 8 Jan 30 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.74 *****.47 *****.10 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Jun15 *****.00 *****.00 *****.00 *****.00 48 4149 MSCI TAIWAN INDEX FUTURES SPOT 350.59 350.60 345.73 Feb15 349.20 350.80 346.70 347.90 ***** *****5 Mar15 348.90
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        212 8 Jan 30 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 4.1 unch ***** 1 18 21 Singapore Post MB eCW*****7 4 0.8 ***** 0.2 215 8 DBS MB eCW*****2 8.7 -2.2 ***** 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 8 In local curr In S$ In US$ dy yr dy yr dy yr Jan 30 Index Change Change Change Change Change Change World Preliminary 1270.4 -0.7 -0.4 -0.6 0.4 -0.8 -1.7 EAFE Preliminary 1016.0 -0.4 3.0 -0.4 2.6 -0.5 0.4 Europe Preliminary 1434.3 -0.6 3.8
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        245 8 Jan-30 Price Net change change Last Trade Agricultural Jan-30 CBOT Soybeans (US cents/bu) 961.00 -7.25 -0.75% 13/03/2015 CBOT Soybean Oil (US cents/lb) 30.00 0.46 1.56% 13/03/2015 CBOT Wheat (US cents/bu) 502.75 -5.00 -0.98% 13/03/2014 Jan-30 LIFFE Cocoa (£/tonne) 1905.00 5.00 0.26% 16/03/2015 LIFFE Coffee (US$/tonne) 1921.00 unch 0.00%
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1591 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Amtek Engineering Ltd 2.50 3.00 2 0.06 7.87 0.72 0.63 ARA Asset Management Ltd 1.67 2.00 3 10.27 16.56 2.03 1.70 Ascendas Hospitality Trust Mgt 3.00 3.00
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    • Article
      Lock icon Islamic finance looks to outgrow areas of controversy as it expands
      978 9 Its success has led to doubts over whether the industry is living up to all of its religious principles REUTERS London AFTER a year of landmark deals which are opening new markets for Islamic finance, the industry is under
      REUTERS  -  978 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1083 9 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 AIMS AMP Cap Ind Reit (1 Oct-31 Dec 2014) ct 2.830 04-Feb 06-Feb 26-Mar 29-Jan Ascott Res Trust (1 Jul-31 Dec 2014) ag 4.264 28-Jan 30-Jan
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    • Article
      Lock icon Environmental, social factors in investing
      184 9 REUTERS London UK asset managers are often failing to show they consider environmental and social factors when they invest, despite signing up to codes of conduct on responsible investing, investment watchdog ShareAction says. ShareAction ranked Threadneedle as the most responsible in a survey of 33
      REUTERS  -  184 words
    • Article
      Lock icon PRIME LENDING RATES
      277 9 Jan 30 ANKS Agricultural Bank Of China Agricultural Bank Of China .5.50 Bangkok Bank Public Co. Ltd 6.00 .5.50 Bangkok Bank Public Co. Ltd .6.00 Bank of China Limited .5.50 Bank of Tokyo-Mitsubishi UFJ, Ltd 6.00 Banque Internationale a Luxembourg 6.00 Bank of East Asia .5.75 Chang
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      Lock icon Page 4 / 5 Advertisements Column 1
      88 4 / 5 Your trust and recognition make us proud to be Asia's global private bank Q L 0 S -> X I a •'--■sA' J3 c r 3 1 Best Private Bank in Singapore, 2014 Asian Private Banker Best Private Wealth Management Bank in Southeast Asia, 2014 Best Private Wealth Management Bank
      88 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      20 6 RELOCATION SALES OFF to OFF 1 st FEB 1 st MARCH 2015 6 SCOTTS ROAD SCOTTS SQUARE #01-09 SINGAPORE *****9
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      Lock icon Page 6 Advertisements Column 2
      66 6 FACT. My ERR Software is causing so much trouble. Enjoying beer is a forgotten dream. Allow us to bring cheer back in your life. Call *****832 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
      66 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Portugal property still a big draw for foreigners despite ‘golden visa’ scandal
      719 10 Britons in top place among 23,000 foreign buyers last year, followed by Chinese and French AFP Lisbon PORTUGAL’S property market continues to expand at double-digit rates, thanks to foreign buyers, including China’s new wealthy, despite a corruption scandal
      AFP; ST FILE PHOTO  -  719 words
    • Article
      Lock icon Austrian homeowners hit by Swiss franc mortgages
      725 10 Foreign-currency loans account for nearly a fifth of household debt in Austria REUTERS Vienna THE surging Swiss franc has dealt a double blow to homeowners in Austria, home of the trend for borrowing in the Swiss currency that has devastated mortgage holders across
      REUTERS  -  725 words
    • Article
      Lock icon China’s January home prices up first time in 9 months
      366 10 AFP Beijing CHINA’S housing prices rose in January for the first time in nine months, a survey showed on Saturday, breaking a decline that has weighed on growth in the world’s second-largest economy. The average price of a new home
      AFP  -  366 words
    • Article
      Lock icon New Jersey’s building code under fire
      701 11 Calls for overhaul prompted by blaze that destroyed building at apartment complex BLOOMBERG Newark, New Jersey A FAST-MOVING fire that destroyed part of an AvalonBay Communities Inc apartment complex in Edgewater, New Jersey, has sparked lawsuits and calls by elected officials to consider overhauling
      BLOOMBERG  -  701 words
    • Article
      Lock icon US renters rise as kids finally leave the nest
      368 11 BLOOMBERG Los Angeles PARENTS who’ve been waiting for their grown children to move out may finally be in luck. The number of renter-occupied residences grew by 2 million last year, according to a report last Thursday from the US Census Bureau
      BLOOMBERG  -  368 words
    • Article
      Lock icon Real estate arm eyes more SF properties
      433 11 BLOOMBERG Toronto IVANHOE Cambridge, fresh from buying 11 apartment buildings in San Francisco’s most exclusive neighbourhoods, is seeking additional purchases in the city, where rents are soaring. The real estate arm of Caisse de Depot et Placement du Quebec, Canada’s second-largest pension fund
      BLOOMBERG  -  433 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      194 10 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 or 9278
      194 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      202 11 SOME NAMES SIMPLY CARRY MORE WEIGHT. As Singapore’s No. 1 Light Goods Vehicle brand for 5 years running†, Nissan is clearly the better choice! BEST SELLING COMPACT VAN 2010-2014 BEST SELLING LIGHTTRUCK BEST SELLING BIGVAN NV350 MICROBUS NV350 PANEL VAN NV350 CARAVAN NV200 NV350 HIGH ROOF PANEL VAN INDUSTRY’SFIRST CABSTAR
      202 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon ECB’s QE – another challenge for Europe
      3540 12 ECB’s QE another challenge for Europe THIS WEEK’S TOPIC How effective will the European Central Bank’s quantitative easing be in boosting the eurozone economy? What will be the impact, if any, for Singapore business? Leon Perera Chief Executive Officer Spire Research Consulting Group THE quantitative easing (QE) programme of the
      PHOTO: AFP  -  3,540 words
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      138 13 Executive Education TiJ? iiu 4* >•• > 61* ■J" t; mim t *w' i|> it Asia Leaders in Financial Institutions Commences September 7, 2015 The Asia Leaders in Financial Institutions (ALFl) programme develops extraordinary leaders in the field of finance. Created by a committed group of trailblazers in academia and
      138 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon An introduction to the Jardines
      2268 14  -  Shunned by local brokers, tightly-controlled, the venerable and storied Jardine group is nevertheless too important to miss By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT TO someone looking at the Singapore market for the first time, it might be somewhat puzzling that about one-eighth of the weight of
      BLOOMBERG, FILE PHOTOS  -  2,268 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
      Lock icon Investors in US drillers feel pain as oil price falls
      692 15 Investment funds, retirement accounts and bank balance sheets see losses as market loses US$393b since June BLOOMBERG NewYork INVESTORS have a message for suffering US oil drillers: We feel your pain. They’ve pumped more than US$1.4 trillion into the oil
      BLOOMBERG  -  692 words
    • Article
      Lock icon Many Americans lack adequate savings: report
      862 15 NYT New York MORE than half of US households have less than one month of income available in readily accessible savings to use in case of an emergency, a new report from the Pew Charitable Trusts finds. Many financial advisers recommend that families have
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      109 15 Confidence to grow That’s what agricultural producers can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Farmers and ranchers around the world partner with us to help them manage every kind of risk. Crop prices, weather fluctuations, interest rate
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  • ENERGY & COMMODITIES
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      Lock icon Chevron halts buybacks as oil slump prompts budget squeeze
      990 16 It cuts 2015 capex target by 13% to US$35b; the company is also abandoning natural gas exploration in Poland BLOOMBERG New York CHEVRON Corp slashed its drilling budget by the most in 12 years, suspended share buybacks and laid off workers
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      Lock icon Russia’s biggest miner feels the heat of financial crisis
      879 16 REUTERS Norilsk, Russia RUSSIA’S financial crisis is posing a stark challenge to the country’s largest mining company. How can Norilsk Nickel protect the living standards of thousands of workers cut off inside the inhospitable Arctic while also satisfying its shareholders? The
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      Lock icon Fossil fuel subsidies drop as renewable energy gains
      1020 16 BLOOMBERG New York COUNTRIES from Mexico to Germany and Malaysia are increasingly taking advantage of cheap oil by trimming fos-sil-fuel subsidies, easing the way for renewable power that can help the environment, according to the chief economist of the International Energy Agency
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  • TECHNOLOGY
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      Lock icon As digital payment options grow, so does the size of the tip
      1136 17 New platforms enable Internet content creators to receive tips that reward creativity NYT New York THE flat white coffee drink was US$4. A suggested tip was US$3. The cashier at Café Grumpy, a New York City coffeehouse, swiped
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      Lock icon Dating website Topface paid hacker not to sell stolen data
      300 17 REUTERS Boston TOPFACE, one of the world’s largest dating websites, said that it has paid a hacker an undisclosed sum to stop trying to sell about 20 million e-mail addresses stolen from the Russian company. Topface chief executive Dmitry Filatov
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      Lock icon Obama unveils plan for precision medicine
      719 18 Major biomedical research initiative can help people overcome the accidents and circumstances of birth with drugs and treatments tailored to the characteristics of a patient NYT Washington DECLARING that “the possibilities are boundless”, President Barack Obama announced a major biomedical research initiative, including plans
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      Lock icon For independent filmmakers, the big screen paves the way to digital success
      698 18 REUTERS Park city, Utah AMID the snow-covered streets of Park City, Utah, the fates of numerous films lie in the hands of film executives as they place bets on which movies screened at the annual Sundance Film Festival
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      Lock icon Traditional quit aids suffer as smokers turn to electronic cigarettes
      1010 18 REUTERS New York WHEN Marty Weinstein decided to quit smoking, he took a friend’s advice and tried electronic cigarettes rather than government-approved nicotine replacement products. Mr Weinstein, 58, has gone from a pack a day nine months ago to the
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      1146 17 Leading the Charge in Next-Generation Financial Printing At r u s t e d p a r t n e r i n t h e Singapore financial markets for three decades, Toppan Vite Pte. Ltd. closed a record number of IPO deals in 2014, grabbing close to 70% of
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      159 18 THE FIRST INTERACTIVE NEWSPAPER S earc h C a ll Sh are BoonKengRd Fortuna Rd Hotel Serangoon Serangoon Call 9026 1128 Plaza Arianna Hotel Besar (U/C) Le Imperial Stamford Primary School Lavender Food Square Message... d Email... Kallang Riverside Park BeachRd Rochor R Nicoll W bsite... Rochor Centre Highway e
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  • CONSUMER
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      2301 19 THE BUSINESS TIMES Ik liyn I 1 Toll free 1800-289-8822 I I I Email notices@sph.com.sg M M j M il www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELLIPSIZ VENTURES PTE LTD (“the Company”) (Co. Reg. No. *****3978W) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE
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      319 19 IH THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 75 of 2013 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF CAPSTONE CONSTRUCTION PTE LTD (In Liquidation) Reg. No. *****1001E NOTICE OF MEETING OF CREDITORS Take notice that a meeting of
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  • TRANSPORT
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      71 20 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? TARGETEP CROWP' Join us at smartKiPs Asia 201S! y* Call us to enquire how we can help you
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      25 20 .The Planch Shan& Cheryl WEEKDAYS 4:00PM 8:00PM •i f Tune in NOW! I n facebook.com/onefmsg @onefmsg www.onefm.sg Download on the 6ETIT ON AppStore Google play
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      47 21 Sea 21 -23 April 2015 Marina Bay Sands® Singapore Organisers Seatrade SMF 13? In Print At Events Join one of the largest gatherings of maritime offshore players in Asia Register as a visitor or delegate at www.sea-asia.com today! Early bird conference rates end on 13 February 2015!
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1951 22 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 SUR JKT OCEANIC PESCADORES 40 60 4/2 7/2 10/2 11/2 MALAYSIA STAR 42 50 7/2
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      106 22 Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 IHhiliLMNESl IlAlho SHIPPING TIMES Make A Splash In The Maritime World Via sjfii5witime.coM Ahoy there! If you are in a business pertaining to any sector of
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  • GOVERNMENT & ECONOMY
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      Lock icon Li Ka-shing bets on Europe as China slows
      916 23 Move is seen as a quest for stability for the tycoon’s vast empire and a sign of diminishing confidence in the country AFP Hong Kong FAMED for his sharp business acumen and knack for perfectly timed investments, Hong Kong billionaire Li Ka-shing
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      Lock icon Foreign firms gear up for new tax rules as China vows crackdown
      662 23 REUTERS Beijing THE Chinese government’s vow to increase tax scrutiny of foreign companies has sent firms rushing to tax advisors ahead of the implementation of new rules designed to rein in cross-border tax avoidance. Tax professionals and business
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      Lock icon Japan farming reforms a test of Abe’s resolve
      567 23 REUTERS Tokyo AFTER December’s landslide re-elec-tion, Japanese Prime Minister Shinzo Abe’s programme to revive the nation’s economy is set to meet perhaps its stiffest challenge, the nation’s sclerotic farming industry. He will soon submit legislation to reform agriculture, a sector where a
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      Lock icon Japan seen vulnerable after ISIS militants kill a second Japanese
      1220 24  -  PM Abe calls apparent execution of journalist Kenji Goto “despicable”, vows not to give in to terrorism; govt orders heightened security By Anthony Rowley btworld@sph.com.sg Tokyo SHOCK, outrage and revulsion both in Japan and internationally greeted the news on Sunday
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      Lock icon Pro-democracy protesters take to HK streets again
      649 24 AFP Hong Kong THOUSANDS of pro-democracy protesters took to the streets of Hong Kong on Sunday for the first time since mass demonstrations shut down parts of the city for more than two months. A sea of yellow umbrellas the symbol of the
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      Lock icon Japan mulls no-tariff quotasfor beef, pork in TPP talks
      409 24 REUTERS Tokyo JAPAN is considering creating quotas for low or no-tariff imports of main agricultural products such as beef and pork, in a rush to seal an ambitious Pacific trade deal, Japanese media reported on Sunday. A stand-off between the United
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      Lock icon Debt talks loom as Greece plans to boost minimum wage
      551 24 PM Tsipras tries to persuade Europe to agree to new debt accord REUTERS Athens GREECE’S leftist government outlined plans to lift the minimum wage on Sunday, continuing a roll-back of the austerity terms of its international bailout and underlining the
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      1437 23 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices Xpress XPRESS HOLDINGS LTD (Company Registration No. *****2058Z) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Xpress Holdings Ltd (“the Company”) will be held at 25 Tai
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  • DINING OUT
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      Lock icon A welcome indie entrant to Chinese dining scene
      1154 25  -  Despite wavering quality, the food served at Xin Yue has an overall soundness to it. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT xin Yue 207 River Valley Road #01-51/54 (UE Square) Tel: 6235 8854 Open for lunch and dinner daily: 11.30am to
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      49 25 REDEFINING IDEAS 4 printpack+sign Singapore's printing, packaging 8k signage business exhibition |i r u* ,9. M s 29-31 JULY2015 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 Sf^l &v Buzz Talk BBS* news.omy.sg
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      185 25 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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      196 25 An inaugural March career fair by STJobs.sg HUNTINGSEASON ISOVER. Stop having to seek out your ideal candidates and let them come to you instead! Be a part of the STJobs Express Fair 2015, the definitive event for companies who are looking to diversify their workforce with the right talent. Why
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  • LIFE & CULTURE
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      Lock icon Developer of birth control pill dies
      368 26 REUTERS Chicago CARL Djerassi, an Austrian-born chemist who helped to develop the birth control pill before becoming a playwright and novelist, died in San Francisco at the age of 91, his family said. Prof Djerassi, professor emeritus at Stanford University, was the leader of
      REUTERS  -  368 words
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      Lock icon Myanmar’s emerging middle class warms up to cafe culture
      917 26 A surge in swish coffee bars points to the changing tastes of the middle-class, and widening gap between them and the poor AFP Yangon BEHIND a wooden counter in downtown Yangon’s Coffee Club, the unmistakable hiss of a barista steaming milk
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      Lock icon Taking Heart
      311 26  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Government doubles support for Care Share Movement THE government is extending its support for the Care Share SG50 Movement until March 31, 2016, setting aside another S$250 million for matching eligible donations raised by Community Chest and participating VWOs. This doubles the total
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  • Page 26 Miscellaneous
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      335 26 CRYPTIC CROSSWORD Across 1 Number worked during today, emptily (6) 4 number getting fit, that’ll keep following, even briefly (7) 9 Pet with sexier snaps showing professionalism (9) 10 Small hospital behind mine (5) 11 Most incredible river circles a large lake (7) 12 Problem is hard, producing bad mark?
      335 words