The Business Times, 6 February 2015

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 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 Friday, February 6,2015
    24 words
  • DAILY DIGEST
    • 34 1 could be brewing in global financial markets as monetary “easing wars”, along with associated currency wars, intensify among major central banks and spread to emerging markets. TOP STORIES 2
      34 words
    • 29 1 Hsien Loong kicked off his first official visit to Spain on Thursday by meeting the country’s top diplomat and its highest-ranking economic official. TOP STORIES/ 4
      29 words
    • 34 1 has urged public-sector agencies to be more diligent in managing public resources. These agencies should also review their usage regularly to optimise their use and minimise wastage. TOP STORIES 5
      34 words
    • 36 1 third-quarter earnings plunged 36.2 per cent as the group recorded lower contributions from its joint ventures and incurred higher expenses related to its business expansion and a larger property portfolio. COMPANIES MARKETS 7
      36 words
    • 31 1 among the world’s most profitable, are strong enough to face down overseas rivals without the need to merge to cope with South-east Asia’s economic integration. BANKING FINANCE 12
      31 words
    • 24 1 the world’s fourth-biggest shipper, will face an increasing challenge keeping up with their neighbours’ appetite for bread and noodles. CONSUMER/15
      24 words
    • 33 1 tumbled with bank debt and equities as the European Central Bank jolted markets with its decision to restrict access to funding lines for the nation’s financial institutions. GOVERNMENT ECONOMY /16
      33 words
  • 713 1  -  January deals totalling S$638m a pale shadow of the S$2.2b achieved a year ago; lack of clarity cited for the drop in demand By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore VOLATILITY is spooking bond investors, and fed up with declining interest rates,
    713 words
  • 26 1 Thursday Change STI 3,406.58 (-10.99) KL COMP 1,803.21 (+0.19) NIKKEI 225 17,504.62 (-174.12) HANG SENG 24,765.49 (+85.73) SHENZHEN B 1,081.84 (-1.53) DOW(11am EST) 17,826.31 (+153.29)
    26 words
  • 667 1  -  Social media giant in advanced talks to lease about 70,000 sq ft in recently completed tower By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FACEBOOK is expanding its footprint in Singapore. Talk in the market is that the social media giant is in
    SPH FILE PHOTOS  -  667 words
  • Page 1 Advertisements
    • 87 1 Hill 8 '*****1 *****4 GROWING AND GROWING Art Fair Philippines edgy and exciting BT LIFESTYLE 25 REMISIERS’ APPEAL SGX, SIAS respond to remisiers’ grievances companies markets 6 PROPERTY AUCTIONS ERA Realty sees auctions market as new growth area real estate /19 ONLINE ONLY Read Boardroom Matters, a series of articles
      87 words

  • TOP STORIES
    • 901 2  -  It warns of a contagion that could hit global financial markets and emerging markets, among other things By Anthony Rowley btworld@sph.com.sg Tokyo SOMETHING resembling a perfect storm could be brewing in global financial markets as monetary “easing wars”, along with associated currency wars,
      901 words
    • 736 2  -  They plan to look into using a space-based technology within the Singapore Flight Information Region so that airspace can be more efficiently and safely used By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Civil Aviation Authority of Singapore (CAAS) and air-navigation services
      736 words
    • 456 2 REUTERS BLOOMBERG London OIL rose towards US$56 a barrel on Thursday, recovering from part of the previous session’s drop, although traders and analysts said the prospect of a further, sustained rally from near six-year lows looked weak. Crude snapped a
      REUTERS; BLOOMBERG; PHOTO: BLOOMBERG  -  456 words
    • 521 4  -  Spain was Singapore’s eight-largest EU trading partner in 2014, with bilateral trade standing at S$2 billion, up from S$1.7 billion in 2013 PM LEE IN SPAIN By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Madrid PRIME Minister Lee Hsien Loong kicked off his first official
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  521 words
    • 665 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Madrid THERE is a good flow of trade and investment between Singapore and Spain, but government officials and business leaders from both sides agree that the levels could be much higher. The total bilateral trade in 2013
      665 words
    • 496 4  -  Rate of increase in global debt now outpaces world GDP growth, raising fresh risks: McKinsey report B y Prisca Ang prisang@sph.com.sg Singapore GLOBAL debt has grown by a record high of US$57 trillion since the 2008 financial crisis, posing fresh
      Source: McKinsey Global Institute report  -  496 words
    • 525 5  -  Public-sector agencies urged to be more diligent in managing public resources, review their usage regularly By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Public Accounts Committee has urged public-sector agencies to be more diligent in managing public resources. These agencies should also review their usage
      525 words
    • 563 5  -  Loans are combined with warrants or rights to purchase equity to compensate for the higher risk of default STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore STARTUPS in Singapore often said to struggle with the limited availability of post Series A
      563 words
    • 380 5  -  REUTERS BREAKINGVIEWS By John Foley WHEN China’s central bank frees up around US$100 billion of lending power, as it did on Feb 4, it’s a statement. Indicators like a weakening yuan, rising foreign-currency debt and capital outflows,
      380 words
  • Page 2 Advertisements
    • 163 2 ITALIANO In partnership with HSBC <Z> ITALIAN G O U R M E T (indulgence Indulge in a luxurious buffet of Italian Amedei Chocolates at The Courtyard this Valentine’s Day! Celebrate this Valentine’s Day at The Fullerton Hotel’s soaring grand atrium with The Courtyard’s chocolate buffet. Delight your loved one
      163 words

  • Page 3 Advertisements
    • 180 3 Orchard City Hall Bugis Promenade Bayfront Downtown Marina Bay VISIT OUR SHOW GALLERY (off Central Boulevard) North South Line MARINA ONE RESIDENCES Call 6327 1011 www.marinaone.com.sg Circle Line East West Line DUO RESIDENCES Call 6298 8895 www.DUOsingapore.com Downtown Line Raffles Place Thomson Line(U/C) DUO RESIDENCES Developer Ophir-Rochor Residential Pte. Ltd.
      180 words

  • Page 4 Advertisements
    • 186 4 Love in the City o Embrace romance with a getaway in the heart of the city. Expect a rose-hued ambience created just for you the privacy of your own suite, complete with champagne, roses and breakfast-in-bed. Savour an exquisite 8-course degustation menu, available at $258* per person over at Lobby
      186 words
    • 16 4 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
      16 words

  • Page 5 Advertisements
    • 319 5 WE CARE FOR YOUR BMW AS MUCH AS YOU DO. AUTHORISED BMW SERVICE CENTRES. Quality, innovation and efficiency these are what BMW is built on, and what you’ve come to expect from us. That’s why only BMW Authorised Service Centre technicians are specially trained and equipped with state-of-the-art facilities to
      319 words

  • COMPANIES & MARKETS
    • 798 6  -  SGX says some issues raised have been or are being addressed; SIAS says shift in investor profile could have added to woes By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Singapore Exchange (SGX) on Thursday defended itself by saying that some of the grievances
      798 words
    • 349 6  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE Singapore Exchange (SGX) is launching an investment carnival as part of a campaign to educate new investors and encourage them to start investing. Recent retail investment trends have shown that almost one-third
      PHOTO: SGX  -  349 words
    • 846 7  -  Lower contributions from joint ventures and higher expenses; fair-value gains up 26.6% By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore GLOBAL Logistic Properties’ (GLP) third-quarter earnings plunged 36.2 per cent as the group recorded lower contributions from its joint ventures and incurred higher
      846 words
    • 367 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FASHION and lifestyle group FJ Benjamin Holdings posted a net profit of S$1.24 million for the second quarter ended Dec 31, 2014, up from S$586,000 for the corresponding quarter a year earlier. The
      367 words
    • 570 7  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore PROPERTY sales provided a fillip to First Sponsor Group in the fourth quarter, helping the China-focused property developer to more than double its net profit to S$19.3 million from S$9.2 million. This came as the
      570 words
    • Article, Illustration
      63 8 STI Catalist Straits Times Index Feb 5,2015 3,406.58 -10.99 (-0.32%) Current streak 1 day Day high 3,415.14 Day low 3,394.95 52-week high 3,423.35 (Feb 2, 2015) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist Index Feb 5,2015 733.11 -5.04 (-0.68%) Current streak 3 days Day high 737.83 Day low
      63 words
    • 645 8  -  Turnover was lower at S$1.1 billion, with STI component stocks accounting for 41% STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT STEEP falls in bank stocks DBS and OCBC on Thursday dragged 10.99 points off the Straits Times Index TI) at 3,406.58 in a relatively
      Source: Bloomberg  -  645 words
    • 305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 -3 252/246 263 211 5.7 6270.3 CapitaLand 355 +3 355/352 364 268 17.8 2.3 *****.2 CapitaMall Trust 217 +3 218/213 226 180 5 7527.8 CityDev 1010 -12 1020/1008 1118 890 13.7
      305 words
    • 37 8 VOLUME Pacific Andes 66,221,000 Golden Agri-Res 53,889,500 IHC 39,066,200 China Env 28,877,500 Oceanus 26,372,100 Market volume 1,355,573,000 VALUE DBS Grp 130,749,207 Keppel Corp 86,761,661 SingTel 77,115,426 Global Logistic 48,062,377 OCBC Bank 39,127,795 Market value 1,129,869,000
      37 words
    • 108 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US797 +4 162 797/785 1000/555 802/804 99.6 Lyxor ChinaH US$ US1626 +10 156 1671/1626 1700/1221 1610/1619 89.4 DBXT CSI300 US$ US938 -25 106 973/937 1044/613 938/941 STI ETF 340 -2 84 343/340
      108 words
    • 77 8 Feb 5 VALUE CLOSE BT OB/OS -7.00 -217.00 BT CADI -*****.00 -87.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 785.32 -0.21 FTSE ST Small Cap 502.71 -0.85 FTSE ST All Share 820.21 -2.17 FTSE ST China Top 195.09 -1.09 FTSE ST China 235.73 -1.30 FTSE
      77 words
    • 35 8 STI FTSE ST All-Share ftse ST All-Share index Feb 5,2015 820.21 -2.17 (-0.26%) Current streak 1 day Day high 821.88 Day low 817.80 52-week high 824.13 (Jan 28, 2015) 52-week low 722.35 (Feb 5, 2014)
      35 words
    • 33 8 STI MSCI EAFE MSCI EAFE index Feb 4,2015 1,818.96 +13.15 (+0.73%) Current streak 3 days Day high 1,822.52 Day low 1,809.36 52-week high 1,995.49 (JUl 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
      33 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 2 0 0 0 5 8 2 Manufacturing 31 50 71 2 11 16 33 61 87 Commerce 12 23 31 3 8 4 15 31 35 Tpt/Stor/Comms 8 16 17
      186 words
    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,677 32,677 145,158 145,158 Manufacturing 167,300 30,969 198,269 80,984 1,579 82,562 Commerce 90,142 39,331 129,473 69,950 2,273 72,223 Tpt/Stor/Comms 105,741 430 106,171 191,856 132 191,988 Finance 21,436 61 21,497 224,218 13 224,231 Construction 25,392 1,095
      123 words
    • 74 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 126.7 0.5 *****/***** DBXT China50 US$ 3497 115.9 2.5 3516/2577 JMH USD 6409 48.5 0.6 6788/5210 JSH USD 3506 37.7 0.8 3810/3105 DBXT MSCHINA US$ 1424 25.6 1.4 1438/1119 BY PERCENTAGE CLOSE UP 52w high/low Europtronic 3 66.7 1.2
      74 words
    • 75 8 BY CENTS CLOSE DOWN 52w high/low DBXT CSI300 US$ 938 -33.7 -2.6 1044/613 Jardie C&C 4195 -26.0 -0.6 4901/3359 DBS Bk 4.7% NCPS ***** -20.0 -0.2 *****/***** DBS Grp 1942 -18.0 -0.9 2067/1565 DBXT MSINDIA US$ 1115 -14.8 -1.0 1148/805 BY PERCENTAGE CLOSE DOWN 52w high/low Novo 24.5 -21.0
      75 words
    • 82 8 VOL CLOSE($) CHANGE Europtronic 4,583.0 0.030 +0.012 +66.67 Yongmao 166.0 0.181 +0.036 +24.83 New Wave 10,099.0 0.009 +0.001 +12.50 Lasseters Intl 25.0 0.092 -0.008 -8.00 UniFiber System 7,050.0 0.011 -0.002 -15.39 Asia Fashion 790.4 0.032 -0.006 -15.79 Micro-Mechanics 139.0 0.630 -0.050 -7.35 Polaris 7,528.7 0.014 -0.002 -12.50 Del
      82 words
    • BROKERS’ TAKE
      • 209 8 HOLD Feb 5 close: S$3.02 Target price: S$3.11 UOB Kay Hian Research, Feb 5 Q3 FY15 was a good quarter as Sats achieved cost efficiency. However, there is a theoretical limit to that. The reduction in operating expenditure was the key earnings driver and Sats achieved this by reducing
        209 words
      • 215 8  -  Compiled by Chan Yi Wen BUY Feb 5 close: S$2.01 Target price: S$2.19 OCBC Investment Research, Feb 5 MAIL revenue fell 2.3 per cent year-on-year, due to lower contributions from domestic and international mail; this despite a postage rate hike from October last year. In the quarter, domestic
        215 words
    • 17 8 DATA I 9.30 pm (Feb 6) US Employment Rate I 9.30 am (Feb 10) China CPI
      17 words
    • 400 9 CURRENCIES REUTERS London THE euro rose strongly across the board on Thursday, gaining more than one per cent against the Swiss franc, as traders speculated that the Swiss National Bank (SNB) was again buying euros in order to weaken the franc. Having fallen
      REUTERS  -  400 words
    • FOREX RATES
      • 471 9 Feb 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.977 4.868 0.684 6.037 48.097 98.421 0.914 8.498 2.783 1.054 78.722 34.346 1.050 8.909 0.718 24.529 25.388 0.512 0.779 Canada 1.023 4.982
        471 words
      • Article, Illustration
        2 9
        2 words
      • Article, Illustration
        1 9
        1 words
      • 2 9
        2 words
      • Article, Illustration
        2 9
        2 words
      • 155 9 Feb 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0493 1.0507 0.7784 0.7789 Canadian dollar 1.0738 1.0752 0.7971 0.7966 Euro 1.5338 1.5350 1.1378 1.1380 NZ dollar 0.9959 0.9972 0.7388 0.7393 Sterling pound 2.0496 2.0514 1.5205 1.5208
        155 words
      • 22 9 Feb 5 S$ Bid Offer 1-month 1.3483 1.3495 2-months 1.3490 1.3502 3-months 1.3495 1.3508 6-months 1.3506 1.3521 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 383 9 Feb 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.21 *****.34 *****.67 Mar15 *****.00 *****.00 *****.00 *****.00 *****7 *****9 Jun15 *****.00 *****.00 *****.00 *****.00 49 4224 MSCI TAIWAN INDEX FUTURES SPOT 352.92 352.92 350.58 Feb15 353.20 355.10 350.70 352.30 ***** *****3 Mar15 353.50
        383 words
      • 373 9 In local curr In S$ In US$ dy yr dy yr dy yr Feb 4 Index Change Change Change Change Change Change World Preliminary 1296.4 0.2 1.6 0.3 2.2 0.3 0.6 EAFE Preliminary 1030.4 0.6 4.4 0.7 4.2 0.7 2.5 Europe Preliminary 1458.6 0.2 5.6
        373 words
    • BANK RATES
      • 36 9 Feb 5 (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
        36 words
      • 154 9 Feb 5 $S Offer Bid 0vernight 0.12 0.07 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6875 0.5625 Overnight mode: 0.25 US$ 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
        154 words
      • 67 9 Feb 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 103.33 103.38 103.33 5-Year N*****0H 1.625 01-Oct-19 101.14 101.30 101.25 10-Year NY*****H 3.000 01-Sep-24 109.53 109.95 109.40 15-Year NY*****E 2.875 01-Jul-29 107.12 107.35 107.00 20-Year NZ*****V 3.375 01-Sep-33 114.96
        67 words
    • AGRI METALS ENERGY
      • 249 9 Feb-4 Price Net change change Last Trade Agricultural Feb-4 CBOT Soybeans (US cents/bu) 972.00 -15.00 -1.52% 13/03/2015 CBOT Soybean Oil (US cents/lb) 30.59 -0.21 -0.68% 13/03/2015 CBOT Wheat (US cents/bu) 511.00 -2.75 -0.54% 13/03/2014 Feb-4 LIFFE Cocoa (£/tonne) 1921.00 9.00 0.47% 16/03/2015 LIFFE Coffee (US$/tonne) 1931.00 24.00 1.26%
        249 words
    • 853 10 Banks call for easing of regulation, wider range of securities to comply with proposed rule BLOOMBERG Brussels BANKS from Tokyo to London say the Financial Stability Board’s plan for tackling too-big-to-fail banks may drown the corporate bond market in new paper and
      BLOOMBERG  -  853 words
    • 610 10 BLOOMBERG Sydney NATIONAL Australia Bank Ltd posted a 6 per cent increase for first-quarter profit on increased mortgage lending and higher markets income. Unaudited cash profit, which excludes one-time items, climbed to A$1.65 billion (S$ 1.73 billion) in the three months
      BLOOMBERG  -  610 words
    • 404 10 BLOOMBERG Hong Kong TED Wang, the former co-head of equities trading for the Americas at Goldman Sachs Group, is starting a hedge fund firm with three colleagues from the bank. Mr Wang, 48, plans to open Puissance Capital in the second quarter to bet
      BLOOMBERG  -  404 words
    • 367 10 REUTERS Paris BNP Paribas, France’s largest bank, said on Thursday that rising taxes and new regulations would impact earnings next year by 500 million euros (S$769 million) and unveiled increased cost cuts to cover growing compliance and control expenses. The
      REUTERS  -  367 words
  • Page 6 Advertisements
    • 293 6 SAL O N GOURMET In partnership with B1EPI -V r Cuisine of Ronan Kervarrec Enjoy a year-long gastronomic celebration of the finest European cuisine as the inaugural Salon Gourmet presents Michelinrated International Guest Chef promotions and exclusive Gourmet Dining Events. European C u I iW Artis try International Guest Chefs
      293 words

  • Page 7 Advertisements
    • 27 7 Stay up-to-date with our stories, analysis and infographics btd.sg/budget_15 Q, Budget 2015 fir BusinessTimes.com.sg BTofeital Available on the H get it on V AppStore (►Googleplay thebusinesstimes btbreakingnews
      27 words
    • 240 7 ESPLANADE PRESENTS LAND An Opera in Concert Singapore Chinese Orchestra (Singapore/China) Original playwright Libretto Composer Music Adaptation Music Director Director Cao Yu Wan Fang Jin Xiang Phoon Yew Tien Tsung Yeh Goh Boon Teck The first Chinese-language Western-style opera that was performed in the West, Savage Land transports you to
      240 words



  • Page 10 Advertisements
    • 38 10 CAN INDIA RETAIN THE WORLD CUP? tabla!speaks to S’pore fans ahead of the cricket extravaganza that starts next week ROTIMATIC’S ANGEL INVESTOR GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      38 words
    • 67 10 ICON MAGAZINE NOW AVAILABLE AT NEWSSTANDS* KINOKUNIYA, TIMES NEWSLINK, MPH GLAMOUR COUPLE MICHAEL WONG JANET MA MOVE UP TO LUXURY FASHION INDUSTRY ICON DIGITAL IS AVAILABLE ON MOBILE DEVICES. SUBSCRIBE TO ICON SINGAPORE Log on to http://www.iconsingapore.com for daily news on luxury living and like us at https://www.facebook.com/SingaporeICON W W
      67 words
    • 48 10 OPTIMISING THE WORK ENVIRONMENT r: r c ■4 ASIA 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.OfficExpoAsia.com The Next-Generation Workscape Workspace Design Planning Interested to exhibit? Tel: (65) 6848 5938 Email: OEA@bizlink.com.sg Organised By; BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF S|il OfficExpoAsia
      48 words
    • 75 10 v\r,ch; MWs ACADEMY 2015 Calling business owners! We have the Guaranteed Targeted Crowd of parents with young children for you! Proven Quality visitors with a keen interest in their child's growth and well-being!! JOIN US AT SUNTEC SINGAPORE! or B n 1 W Call us to enquire how we can
      75 words

  • Page 11 Advertisements
    • 218 11 CONGRATULATIONS TO THE RECIPIENTS OF THE SINGAPORE PRESTIGE ENTERPRISE AWARD 2014 2015 2014/2015 SINGAPORE w /I E N T E R P R Celebrating Prestige Excellence! The Singapore Prestige Enterprise 2014/2015 is a proud initiative by Media Enrich Enterprise Pte Ltd (a subsidiary of Singapore Enrich Group Pte Ltd), where
      218 words

  • BANKING & FINANCE
    • 663 12 They can build on geographical reach to retain an advantage, says Bank Negara head BLOOMBERG Jakarta INDONESIA’S biggest banks, among the world’s most profitable, are strong enough to face down overseas rivals without the need to merge to cope with South-east Asia’s economic integration,
      BLOOMBERG  -  663 words
    • 168 12  -  By Arthur Lee arthurl@sph.com.sg Singapore OCBC Group CEO Samuel Tsien tried his hand at conducting the Metropolitan Festival Orchestra at a unique staff leadership programme recently. Some 30 senior management from the Bank’s overseas branches and subsidiaries, Bank of Singapore, Great Eastern
      168 words
    • 492 12 REUTERS Sydney EUROPEAN investment banks that scaled back in Australia after the global financial crisis are scrambling to rebuild advisory and financing teams, keen for a slice of A$90 billion (S$95 billion) worth of privatisations expected in the next three years. Australia’s government
      REUTERS  -  492 words
  • Page 12 Advertisements
    • 1567 12 UNIONMET (SINGAPORE) LIMITED (Company Registration No.: *****9104W) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the Circular dated 5th February 2015 (“Circular”) issued by Unionmet (Singapore) Limited. NOTICE IS HEREBY GIVEN that
      1,567 words
    • 468 12 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF EL DEVELOPMENT (NEWTON) PTE. LTD. (In Member’s Voluntary Liquidation) Company Reg. No. *****2875R At an Extraordinary General Meeting of the Company deemed to have been duly convened and held pursuant to Section 179(6) of the Companies
      468 words
    • 394 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALPHA HEALTH GLOBAL PRIVATE LIMITED (In Members' Voluntary Liquidation) Reg No. *****2174D (“the Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 30 January 2015, the Resolutions set
      394 words
    • 468 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EL DEVELOPMENT (JURONG) PTE. LTD. (In Member’s Voluntary Liquidation) Company Reg. No. *****2203N At an Extraordinary General Meeting of the Company deemed to have been duly convened and held pursuant to Section 179(6) of the Companies
      468 words

  • ENERGY & COMMODITIES
    • 822 13 Open-outcry trading is only 1% of total futures trading volume, says exchange operator REUTERS Chicago THE world’s largest futures market operator will shutter almost all of its open-outcry futures pits by July 2, ringing the closing bell on a once-rau-cous tradition that has
      REUTERS; PHOTO: REUTERS  -  822 words
    • 650 13 BLOOMBERG Chicago IN the US, the country that made the hamburger a global icon of American fast-food cuisine, beef is about to fall another spot on the meat scale. For the past two decades, chicken has outranked beef as the most-pro-duced
      BLOOMBERG  -  650 words
  • Page 13 Advertisements
    • 3564 13 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphdass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP .50 AND IN THE MATTER OF EL DEVELOPMENT (ROSEWOOD) PTE. LTD. (In Member’s Voluntary Liquidation) Company Reg. No. *****2552K At an Extraordinary General Meeting of the Company deemed to have been duly
      3,564 words

  • TECHNOLOGY
    • 850 14 FCC against letting cable, wireless-service firms prioritise delivery of one service or piece of info over another BLOOMBERG Portland TOM Wheeler, chairman of the US Federal Communications Commission (FCC), has outlined a sweeping new set of proposals regulating how
      BLOOMBERG  -  850 words
    • 697 14 BLOOMBERG New York UNDER Armour Inc, the maker of athletic clothing and gear, is acquiring the MyFitnessPal and Endomondo applications for a total of about US$560 million in a bid to become the world’s biggest tracker of fitness information.
      BLOOMBERG; SPH FILE PHOTO  -  697 words
    • 379 14 AFP San Francisco NETFLIX said it will expand its online streaming television and movie service to Japan later this year. Netflix is ramping up efforts to conquer the world, even as competition is heating up in the growing market for Internet television. The California-based
      AFP  -  379 words
    • 495 14 It is closing in on an agreement with creditors and other parties BLOOMBERG New York RADIOSHACK Corp is closing in on an agreement with creditors and other parties that would put the retailer in bankruptcy soon, people with knowledge of the
      BLOOMBERG  -  495 words
    • 317 14 BLOOMBERG San Francisco TWITTER Inc has struck a deal with Google Inc to make its 140-character updates more searchable online. In the first half of this year, tweets will start to be visible in Google’s search results as soon
      BLOOMBERG  -  317 words
  • Page 14 Advertisements
    • 29 14 2Owncars? If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      29 words


  • GOVERNMENT & ECONOMY
    • 466 16 Greece and Germany remain deeply divided over Athens’ planned renegotiation of its massive international bailout BLOOMBERG AFP Frankfurt GREECE’S government bonds tumbled with bank debt and equities as the European Central Bank (ECB) jolted markets with its
      BLOOMBERG; AFP  -  466 words
    • 764 16 GDP in euro area will rise by 1.3% in 2015 and 1.9% next year, it says BLOOMBERG Frankfurt THE European Commission raised its euro-area growth forecasts and cut its inflation outlook as cheaper energy proves both a blessing and a curse for
      BLOOMBERG; PHOTO: REUTERS  -  764 words
    • 341 16 LATEST US DATA BLOOMBERG Washington THE US trade deficit increased unexpectedly in December to a two-year high on a pickup in imports of motor vehicles and fewer shipments overseas. The gap widened 17.1 per cent to US$46.6 billion, the biggest
      BLOOMBERG  -  341 words
    • 331 16 AFP London THE Bank of England on Thursday voted to keep interest rates at a record-low 0.50 per cent, where they have stood for nearly six years, amid fears of deflation and slowing growth. Policymakers also decided to maintain the
      AFP  -  331 words
    • 479 16 He will discuss various issues with PM Najib, visit Proton factory AFP Kuala Lumpur INDONESIAN President Joko Widodo arrived in Malaysia on Thursday for his first bilateral trip abroad, with the two sides hoping to shore up an important relationship frequently
      AFP  -  479 words
    • 922 17 They forecast more cuts to reserve requirements and benchmark interest rates by central bank BLOOMBERG Beijing CHINA’S latest move in the global monetary-easing game may be just the start. Economists from Deutsche Bank AG, Bank of America Corp and Nomura Holdings Inc
      BLOOMBERG; PHOTO: BLOOMBERG  -  922 words
    • 583 17  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Japanese government went ahead on Thursday with the nomination of economics professor Yutaka Harada as a member of the policy board at the Bank of Japan (BOJ), thereby raising the chances that governor Haruhiko Kuroda will be
      583 words
    • 423 17 A rebound will depend on govt efficacy in delivering on infrastructure projects REUTERS Jakarta INDONESIA’S economic growth slipped to its weakest in five years in 2014 as weak exports and investments dragged, underlining the challenges facing the country’s new president, Joko
      REUTERS  -  423 words
    • 386 17 REUTERS Kuala Lumpur MALAYSIA’S export growth rose to 2.7 per cent in December from a year ago, as its monthly trade surplus shrank to 9.2 billion ringgit (S$3.5 billion), government data showed on Thursday, as the South-east Asian economy was hit by falling
      REUTERS  -  386 words
    • 656 17 REUTERS New Delhi FALLING oil prices have been a major windfall for India: Just weeks ago it faced the prospects of failing to meet fiscal deficit targets, but can now expect a budget that not only hits its targets,
      REUTERS; PHOTO: REUTERS  -  656 words
  • Page 16 Advertisements
    • 240 16 HYFLUX LTD (UEN/Company Registration No.: *****2722Z) (Incorporated in the Republic of Singapore) (the “Issuer”) NOTICE TO HOLDERS (THE “NOTEHOLDERS”) OF THE OUTSTANDING S$55,000,000 3.89 PER CENT. NOTES DUE 2016 (ISIN: SG7Z*****542) (“SERIES 006 NOTES”) S$100,000,000 3.50 PER CENT. NOTES DUE 2016 (ISIN: SG6Q*****185) (“SERIES 007 NOTES”) S$100,000,000 4.25 PER CENT.
      240 words


  • TRANSPORT
    • 544 18 Scheme, which starts in Shanghai next week, will allow unauthorised dealers to sell imported cars REUTERS Shanghai CHINA is taking aim again at foreign luxury carmakers such as Audi, BMW and Mercedes-Benz by allowing unauthorised dealers to sell imported cars
      REUTERS  -  544 words
    • 516 18 NEW YORK TRAIN CRASH BLOOMBERG Washington AS federal investigators examined the charred wreckage of Tuesday’s deadly commuter train collision near New York, lawmakers in Washington were calling for new initiatives and money to prevent future tragedies. US Representative Sean Patrick Maloney, a New York
      BLOOMBERG; PHOTO: AFP  -  516 words
    • 524 18 BLOOMBERG Tokyo TOYOTA Motor, which analysts estimate will earn more profit this fiscal year than all the other Japanese carmakers combined, could be ready to spread the wealth. As Toyota raised its fiscal-year profit forecast to a record 2.13
      BLOOMBERG  -  524 words
    • 503 18 AFP Taipei TAIWAN rescuers scoured a river for 12 people still missing from a TransAsia plane crash on Thursday as the pilot was hailed as a hero for apparently battling to avoid hitting built-up areas shortly after issuing a “mayday” call.
      AFP  -  503 words
    • 329 18 AFP Tokyo TAXI app Uber on Thursday launched a pilot ride-sharing service in one Japanese city, its latest bid to take on the transport industry around the world. The California company’s “Everyone’s Uber” service went live in the morning in the western city of
      AFP  -  329 words
  • Page 18 Advertisements
    • 6 18 mm vMftWlWS WR* D facebook.com/kiss92fm www.kiss92.sg
      6 words
    • 543 18 FEBRUARY ISSUE OUT NOW! HYBRID TECH: PORSCHE PANAMERA S E-HYBRID SI N G AP O RE WebOS FEBRUARY 2015 S$6.90 WWW.HARDWAREMAG.COM LE A R N GETTING STARTED WITH ANDROID WEAR Tegra X1 Drones 8K Ultra HD Tegra X1 Skylake Drones Rocketshoes OLED WebOS Streaming WebOS Quantumdot Augmented y realit Home
      543 words

  • REAL ESTATE
    • 641 19  -  HDB RESALE PRICES By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PRICES of HDB resale flats registered a marginal 0.6 per cent month-on-month rise in January, going by flash estimates from the Singapore Real Estate Exchange (SRX), but property consultants
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  641 words
    • 264 19 REUTERS Hong Kong HONG Kong’s home prices rose last year to a record high, official data showed, as tightening measures failed to curb skyrocketing prices supported by strong local demand and tight supply in one of the world’s most expensive property markets.
      REUTERS  -  264 words
    • 557 19  -  By Prisca Ang prisang@sph.com.sg Singapore CHRISTCHURCH’S healing tourism industry may present new opportunities to foreign investors as New Zealand’s third largest city recovers from its devastating 2011 earthquake. At least, that is what Christchurch and Canterbury Tourism (CCT) CEO Tim Hunter is hoping. In
      557 words
    • 260 19  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Real Estate Developers’ Association of Singapore (Redas) on Thursday named Far East Organization executive director Augustine Tan as its new president for a two-year term. Mr Tan takes over from Chia Boon Kuah, who is group
      260 words
    • 655 19  -  It hopes to enter the market this year, also looking to establish a franchise in Philippines By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE surge in property auctions last year has caught the eye of Singapore’s largest real estate agency, ERA
      655 words
    • 1133 20 Developers are converting former rental buildings into new housing in the form of non-luxury condominiums BLOOMBERG New York WHEN Related Cos began selling condominiums at one of its former rental buildings last month, 50 people showed up in the first two days
      BLOOMBERG; PHOTO: AFP  -  1,133 words
  • Page 19 Advertisements
    • 17 19 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
      17 words
    • 90 19 License No. L*****22J Tel: +65 6820 8000 The Central Clarke Quay Strata Office Investment Opportunity Excellent Loca~on Above MRT Unrivalled Breath-Taking View Award Winning Development Unique integra~on of Office, SOHO and Retail. 99 Years from 02/01/2001 1 Single Floor Plate, 10 Strata Titles Size from 82 sqm to 959 sqm
      90 words

  • Page 20 Advertisements
    • 638 20 D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D10 HOUSE FOR SALE HOLLAND GARDEN Semi-d Land 3444/ approx 3920sf built-up. 999 yrs/ move-in/ 3 sty/ 5 bdrm maid utility 5 bath. Park/ Holland V/
      638 words

  • VEHICLES & LIFESTYLE
    • 547 21 BBC LONDON ADVICE on the best way to brush teeth for adults and children is confusing and inconsistent, according to University College London (UCL) researchers. They added that there is also a lack of agreement on how often to brush and
      BBC  -  547 words
  • Page 21 Advertisements
    • 356 21 AUDI FOR SALE AUDI A4 06/2012 Attraction TFSI. Best Deal in Town. Flexible Loan. High Trade In. Low Interest Rate. Tel: *****485 *****005 Classic Credit Pte Ltd CITROEN FOR SALE PICASSO C4 Sell $***** only! 2012 Picasso 1.6A Blue. 1 Owner. Subsidise $1000 insurance. Yong Lee Seng Motor Pte Ltd.
      356 words

  • OPINION
    • 489 22 AS the United States continues to negotiate a historic deal with 11 Asia-Pacific trading partners the Trans-Pacific Partnership (TPP), that will increase market access in the United States in return for reduced trade barriers in other participating countries officials and lawmakers in Washington have
      489 words
    • 836 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong based journalist and commentator. Follow him on Twitter at: @FrankChing1 LAST September, when the new Indian prime minister, Narendra Modi, visited the United States, China declared itself unworried. “India
      836 words
    • 1004 22  -  Start-up ecosystem requires understanding of customer behaviour, passion and survival mentality. BY AMY BONSALL BY AMY BONSALL T The writer is Design Director at IDEO Singapore HOTEL room by hotel room, and grocery order by grocery order, startups like Airbnb, Flocations, and RedMart are taking
      PHOTO: BLOOMBERG  -  1,004 words
    • 898 23  -  COMMENTARY By Nick Taylor T The writer is the Asean technology lead at Accenture Singapore AS the world struggles to leave behind a period of weak demand and poor productivity growth, many business and government leaders are looking to the next wave of
      898 words
    • 842 23  -  By Simon Johnson T The writer is a professor at MIT’s Sloan School of Management and the co-author of ‘White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You’ PROJECT SYNDICATE Washington AMERICA’S presidential election
      PROJECT SYNDICATE  -  842 words
    • 880 23  -  The US capital’s role as a “global political city” converts it into a power much more responsive to global concerns, argues Kent Calder in Asia in Washington. BY ANTHONY Washington.BY ANTHONY ROWLEY WHAT exactly is Washington, DC? The capital city of
      PHOTO: AFP  -  880 words


  • 1876 24 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR KAISA 3 60 12/2 13/2 15/2 17/2 SEA CORAL 67 60 5/3 7/3
    1,876 words
  • Page 24 Advertisements
    • 103 24 Experienced Sh/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via sj5i3hnaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry,
      103 words

  • BT Lifestyle
    • 1531 25  -  Entry to the Art Fair Philippines in Makati City is managed by bouncers, a sign of how hot the event is and a reflection of the fast-growing art market in the country. BY CHEAH UI-HOON BY CHEAH UI-HOON uihoon@sph.com.sg “NO, Ma’am, you cannot enter. You need
      PHOTOS: CHEAH UI-HOON  -  1,531 words
    • CINEMA
      • 599 26  -  Unbroken is a well-meaning film that portrays the strength of will and remarkable powers of endurance of a prisoner of war.BY GEOFFREY EU WOMEN IN FILMS war.BY GEOFFREY EU ANGELINA Jolie’s World War II biopic Unbroken tells the incredible true story of Louis “Louie”
        REUTERS  -  599 words
      • 497 26  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT IF Eat Pray Love had blisters instead of yoga, it’d be Wild, a movie that so happens to also be based on a book written by a woman about her journey of self-discovery. Directed by Jean-Marc Vallée (Dallas Buyers Club)
        497 words
      • 564 26  -  By Geoffrey Eu A MOST Violent Year charts a few crucial weeks in the life of Abel Morales (Oscar Isaac), the ambitious young owner of a heating oil company in New York City who is plotting to take his business to the next level.
        564 words
      • 472 26  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT JUST give Julianne Moore a damn Oscar already. After missing out for roles in Boogie Nights (1997), The End of the Affair (1999), Far From Heaven (2002) and The Hours (2002), she’s up for another Best Actress challenge this
        472 words
    • MUSIC/ARTS
      • 780 27  -  Portland band known for symphonic pop with hints of Latin, salsa, bossa nova and the Middle East to come back to Singapore for encore.BY CONCERT encore.BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT WITH his shock of blonde hair, you can’t miss Thomas Lauderdale, the flamboyant
        PHOTO: AUTUMN-DE-WILDE  -  780 words
      • 460 27  -  THEATRE By Helmi Yusof helmi@sph.com.sg @HelmiBT IF you go to the theatre with hopes of seeing an entertaining, uncomplicated play that features great live acting and amiable jokes, then Pangdemonium’s feel-good comedy Circle Mirror Transformation should please you. But if you expect theatre to
        460 words
      • 564 27  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT MORAL hypocrisy is a blight on the intellectual and artistic landscape of the country. Tenuous, often conservative arguments are frequently used to censor other voices and perspectives. Intentional or not, Nine Years Theatre’s timely staging of Tartuffe, the 1664
        564 words
    • PURSUITS
      • 887 28  -  The Henderson Project, run by actress Selena Tan and her husband John Pok, is shaking up the Henderson industrial estate. ARTS BY HELMI YUSOF helmi@sph.com.sg @HelmiBT ON the outside, it looks like another inconspicuous industrial building. Men in coveralls go about their work,
        887 words
      • 1111 28  -  WINE By N K Yong “ANYTHING But Chardonnay!” This battle cry came back to mind when I met Stuart Pigott, wine critic and writer, famous for his depth of knowledge of Riesling, at lunch a few days ago. For lunch, he produced an Austrian Riesling from Weingut
        PHOTOS: N K YONG  -  1,111 words
      • 461 28  -  BOOK REVIEW By Avanti Nim avantin@sph.com.sg Last Train from Tanjong Pagar By Koh Hong Teng Based on tours and place histories by Lai Chee Kien Graphic Novel Epigram Books, 2014 S$24.90, 214 pages KOH Hong Teng is the first Singaporean to win international acclaim as
        461 words
    • CITY LIFE
      • Article, Illustration
        865 29  -  Why should women have all the fun when it comes to getting dressed? A new menswear brand hopes to take the suit from boardroom to bar and beyond.BY MAY YIP beyond.BY MAY YIP HE might just be 23, but first-time designer Matthew Gideon isn’t obsessed with ironic
        865 words
      • CITY BUZZ BT writers' picks of what to see, do or talk about
        • 331 29  -  By Dylan Tan WATCHES Boutique openings JAEGER-LECOULTRE’S new-ly-opened second boutique at Ion Orchard (2 Orchard Turn, ION Orchard, #02-08) is more than just a destination to head to when you feel like spoiling yourself with a new luxury timepiece. The flagship store is also the first
          331 words
        • 163 29  -  STAND-UP COMEDY By Helmi Yusof COMEDIANS Rishi Budhrani and Sharul Channa (right) have a few “firsts” to their names: they’re Singapore’s first married stand-up comic act, and Sharul is Singapore’s first female Indian stand-up comic Kumar is a man, lest one forgets. Rishi is the
          163 words
        • Article, Illustration
          233 29  -  DINING By Tay Suan Chiang STEAMBOAT places in Singapore tend to have the usual soup stocks: herbal chicken, ma la, or for something more exotic, satay sauce. Now try steamboat using coconut water, which is what new eatery Chicken Legend offers? The soup is made of 100 per
          233 words
        • 208 29  -  POP-UP MARKET By Tay Suan Chiang IT seems that Singaporeans are really strong supporters of buying local produce, judging from the number of pop-up markets that have been taking place at the handful of farms we have. This weekend, D’Kranji Farm Resort will be transformed into a
          208 words
        • 209 29  -  TV By Rachel Loi APRIL is coming. But for fans of the hit HBO TV series Game of Thrones, it probably can’t get here soon enough; especially since season four of the series
          209 words
  • Page 25 Advertisements


  • Page 27 Advertisements
    • 28 27 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
  • Page 27 Miscellaneous
    • 335 27 CRYPTIC CROSSWORD Across 1 Messy, agent eating chop (6) 4 Neat poker hand (8) 10 View exotic lap dances (9) 11 Food ready to eat after end of fast (5) 12 Entrance by duke that is doggedly determined (2-2-3) 13 Looks steaming, having done this on the golf course? (3,4)
      335 words