The Business Times, 12 February 2015

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Microfilm: NL33374
Total Pages: 26
1 26 The Business Times
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  • Title Section
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    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 Thursday, February 12,2015
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  • DAILY DIGEST
    • Article
      Lock icon With a doubled provision
      32 1 for bad debts in Q4, OCBC’s latest financial results played a similar tune to that of its competitor DBS in signalling caution over souring loans. COMPANIES MARKETS 6
      32 words
    • Article
      Lock icon ComfortDelGro's net profit
      24 1 for the year ended Dec 31, 2014 rose 7.7 per cent to S$283.5 million from 12 months earlier. COMPANIES MARKETS 9
      24 words
    • Article
      Lock icon Rents for private
      38 1 non-landed residential units increased in January, reversing from the past 11 consecutive months of decline, but rents for public housing flats continued to slide, according to estimates by the Singapore Real Estate Exchange.REAL ESTATE 12
      38 words
    • Article, Illustration
      Lock icon For most investors
      38 1 a diversified portfolio means a prudent mix of stocks and bonds; for the global elite, diversification increasingly means splurging on New York apartments that can cost tens of millions of dollars, or more. REAL ESTATE/13
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    • Article
      Lock icon The head
      24 1 of the Commonwealth Bank of Australia warned that uncertainty over the country’s leadership and policies was hurting business confidence. BANKING FINANCE 15
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    • Article
      Lock icon Samsung plans to release
      27 1 two new versions of its top-tier Galaxy S smartphone in March, including a model with a display covering three sides, sources said. TECHNOLOGY/17
      27 words
    • Article
      Lock icon Incheon Airport
      33 1 the gateway to Seoul, is planning a tourism project to emulate Resorts world Sentosa in Singapore that aims to lure Chinese visitors with a new casino, shopping mall and hotels. TRANSPORT/19
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  • Article, Illustration
    Lock icon 2014 visitor figure misses STB forecast
    950 1  -  Decline is first since 2009; tourism board says it will ramp up marketing efforts as uncertain global economy and currency volatility continue to impact tourism By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore HEADWINDS on several fronts pushed Singapore’s 2014 visitor arrivals down 3.1 per cent
    Source: STB  -  950 words
  • Article
    Lock icon MAS seeks more bite to oversight of derivatives, securities
    378 1  -  Proposed legislative changes also aimed at greater transparency By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE Monetary Authority of Singapore (MAS) has proposed legislative amendments to strengthen its enforcement powers on over-the-counter (OTC) derivatives trading and the securities market. The proposals also
    378 words
  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 3,444.57 +10.33 KL COMP 1,798.95 -12.17 NIKKEI 225 Closed HANG SENG 24,315.02 -213.08 SHENZHEN B 1,092.11 +11.68 DOW (11am EST) 17,801.95 -66.81
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      99 1 Hill 8 '*****1 *****4 CIRCLE LINE Contractor’s cashflow woes may hit MRT work TOP STORIES 2 BANKING Client flows helped after Swiss franc shock: Citi BRANDING Building a stronger Singapore Inc TOP STORIES 5 PROPERTY New URA guidelines for landed homes TOP STORIES 4 OPINION/22 ONE MAN, ONE MACHINE. G.P.M.H.
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  • TOP STORIES
    • Article
      Lock icon Contractor’s cashflow woes may hit work on MRT
      553 2  -  Suppliers wary of continuing business with Swee Hong at two Circle Line stations due to overdue payments By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore WORK at two Circle Line MRT stations could be headed for a slowdown as suppliers pulled credit terms from
      553 words
    • Article, Illustration
      Lock icon Productivity push for process, construction & maintenance sector
      455 2  - Productivity push for process, construction maintenance sector By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE process, construction and maintenance (PCM) sector key to the support of the energy and chemicals sector in Singapore is set to receive a boost with a productivity council being set up. The council which includes plant
      PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  455 words
    • Article
      Lock icon S’pore’s biggest integrated startup space launched
      688 4  -  BASH (Building Amazing Startups Here) offers business traction and market access to innovation-driven, tech-product startups By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE biggest integrated startup space in Singapore a meeting place for tech-builders, innovators and investors was launched on Wednesday to bring together
      688 words
    • Article, Illustration
      Lock icon URA guidelines to offer more flexibility in design of landed homes
      722 4  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore DEVELOPERS, architects, engineers and owners of landed homes in Singapore will have more design flexibility under a set of guidelines pushed out by the Urban Redevelopment Authority (URA). Called the Envelope Control
      Graphics adapted from URA  -  722 words
    • Article, Illustration
      Lock icon JTC launches integrated industrial devt
      474 4  -  By Prisca Ang prisang@sph.com.sg Singapore A VISIT to the manufacturing facility of Rohag Singapore featured heavy-duty machinery neatly arranged in different sections. Rohag, a provider of machining and fabrication works for the oilfield industry, has been enhancing productivity by improving the layout of its equipment.
      474 words
    • Article
      Lock icon Sembcorp buys into India wind and solar firm
      515 5  -  It taps India’s fast-growing sector with purchase of 60% stake in Green Infra for 10.6b rupees By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SEMBCORP Industries is expanding its renewable energy business and, for the first time, branching into solar power. The group is
      515 words
    • Article, Illustration
      Lock icon Support for customer flows helped Citi in Swiss franc fiasco
      974 5  -  Bank is focusing on servicing customers with cross-border needs; setting clear targets internally By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A WILLINGNESS to service customer flows meant Citi recovered somewhat from its losses after the surprise unpegging of the Swiss franc
      PHOTO: ARTHUR LEE  -  974 words
  • Page 2 Advertisements
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      206 2 Budget 2015 Solving tomorrow’s problems today How will this year’s Budget impact you andyour business? Join us at our annual seminar where we will share our perspectives on the Budget and explain its implications for individuals and businesses. Our tax specialists from the U.S. and the Netherlands will discuss trends
      206 words
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      182 2 THE FIRST INTERACTIVE NEWSPAPER Search Call Share W Call 8498 6788 Message... Email... Join us at our career talk and experience how technology and security operations become one. Come down and find out how you can be part of this exciting team! Various positions available. Website... Date: 13th December 2014
      182 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      141 5 Discover the joy of reading The Straits Times S r I h^UtUl 4 Choose from 6 amazing gifts when you subscribe now! r<? Print Online Smartphone Tablet Lenovo TAB 2 A7-10 HTC RE Camera THE STRAITS TIMES See more gifts and subscribe at www.stsub.com.sg/stfebl5 or call *****800 Who can subscribe?
      141 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      277 5 FUTURE i i t i i i f tt i t a CHINA 1 ADVANCED LEADERS PROGRAMME S Grooming future leaders to be “China-ready” “China-savvy” i and “Connected” REGISTRATION CLOSING SOON APPLY NOW! When I first joined this Programme, I did not expect it to be so comprehensive. Apart from
      277 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon OCBC misses Q4 expectations as bad debt allowances double
      797 6  -  Quarterly profit up 11% at S$791m; allowances for loans jump to S$154m from S$68m By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore WITH a doubled provision for bad debts in the fourth quarter, the latest financial results of Oversea-Chinese Banking Corporation (OCBC) played
      797 words
    • Article, Illustration
      Lock icon DBS gives S$1,000 to each staff for SG50
      576 6  -  By Siow Li Sen lisen@sph.com.sg SiowLiSenBT Singapore DBS GROUP Holdings will give S$1,000 to each employee to celebrate SG50 and also for reaching S$ 50 billion in market capitalisation. The S$ 1,000 hongbao was announced on Tuesday after the bank released its
      PHOTO: BLOOMBERG  -  576 words
    • Article, Illustration
      Lock icon Acquisitions to drive DPU growth for rest of FY2015: CRT
      742 8  -  Croesus Retail Trust posts 3% rise in DPU in Q2 FY15, eyes positive rental reversions at Mallage Shobu By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore YIELD-accretive acquisitions helped lift the distribution per unit (DPU) at Croesus Retail Trust (CRT) in its
      742 words
    • Article
      Lock icon Far East H-Trust posts 9.9% drop in Q4 DPS
      553 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore WEIGHED down by the softer performance of hotels and serviced residences, Far East Hospitality Trust (Far East H-Trust) reported a 9.9 per cent year-on-year slip in distribution per stapled security (DPS) to 1.28 Singapore cents
      553 words
    • Article, Illustration
      Lock icon China Fishery, Pacific Andes dive on proposed rights issue
      677 8  -  HOT STOCKS By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore INVESTORS dumped stocks of China Fishery Group and its largest shareholder Pacific Andes Resources Development on Wednesday following the former’s proposal to undertake a rights issue of up to 1.71 billion new shares
      Source: Bloomberg  -  677 words
    • Article
      Lock icon Sim Lian’s Q2 earnings fall 61%; KSH Holdings posts 14.6% increase in Q3 profit
      426 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SIM LIAN Group’s net profit for the second quarter of fiscal year 2015 fell 61 per cent to S$25.5 million, from S$65.8 million in Q2FY14. Revenue fell 56 per cent,
      426 words
    • Article
      Lock icon ComfortDelGro’s full-year profit up 7.7% at S$283.5m
      760 9  -  Revenue hits record S$4.05b on broad-based growth, with boost also from currency translation By Samuel Ee samuelee@sph.com.sg Singapore COMFORTDELGRO's net profit for the year ended Dec 31, 2014, rose 7.7 per cent to S$283.5 million from 12 months earlier, on an 8.1 per
      760 words
    • Article
      Lock icon The Hour Glass’ profit rises, Cortina’s declines
      428 9  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore LUXURY watch retailers The Hour Glass and Cortina Holdings both released their results on Wednesday for the third quarter of financial year 2015, with the former reporting higher profits and the latter, lower profits. For the quarter
      428 words
    • Article
      Lock icon UOI posts 2.9% rise in full-year earnings
      324 9  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore UNITED Overseas Insurance (UOI) has reported a 2.9 per cent rise in financial year 2014 net profit to S$28.2 million. This was despite a 1.2 per cent dip in gross premiums written for the full year to
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    • IN BRIEF
      • Article
        Lock icon Karin Technology H1 earnings rise 71.9%
        99 9 KARIN Technology Holdings’ net profit for the six months ended December was HK$31.8 million (S$5.5 million), up 71.9 per cent compared to a year ago, due to higher revenue in its components distribution segment, and higher gross margins in its consumer electronics products segment.
        99 words
      • Article
        Lock icon Fortune Reit sells Hong Kong property
        86 9 fortune Reit has sold Nob Hill Square, through the sale of the issued shares of Art Full, the legal and beneficial owner of the property, to Tower Key Limited for HK$648 million (S$113.3 million). This is a premium of about 47.9 per cent to
        86 words
      • Article
        Lock icon Marco Polo Marine Q1 profit more than doubles
        35 9 MARCO Polo Marine’s profit for the first quarter more than doubled, from S$3.25 million to S$7.41 million even as revenue dipped 12 per cent to S$26.6 million.
        35 words
    • Article
      Lock icon KepLand China, Vanke to develop prime Chengdu site
      316 9  -  By Fiona Lam fionalam@sph.com.sg Singapore KEPPEL Land China has inked an agreement with a leading Chinese developer, China Vanke, to jointly develop a 16.7 hectare prime residential site in Chengdu. The collaboration follows the two companies’ first joint venture on The Glades
      316 words
    • Article, Illustration
      Lock icon STI / Catalist
      62 10 STI Catalist Straits Times Index Feb 11,2015 3,444.57 +10.33 (+0.30%) Current streak 2 days Day high 3,448.96 Day low 3,431.08 52-week high 3,444.57 (Feb 11,2015) 52-week low 3,029.10 (Feb 11, 2014) FTSE ST Catalist index Feb 11,2015 722.96 -5.93 (-0.81%) Current streak 7 days Day high 731.48 Day low 721.54
      62 words
    • Article, Illustration
      Lock icon STI up but broad market down
      692 10  -  Weakness likely because of anticipation of selling on Wall Street as Hang Seng declines and Europe opens in the red STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) rose by 10.33 points to 3,444.57 points on Wednesday but the broad market
      Source: Bloomberg  -  692 words
    • Article
      Lock icon STI STOCKS
      308 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 -2 249/244 263 212 5.8 6194.5 CapitaLand 358 +1 359/356 364 268 17.9 2.2 *****.5 CapitaMall Trust 214 -3 217/213 226 180.5 5.1 7423.7 CityDev 1036 +17 1036/1021 1118 907 14.1
      308 words
    • Article
      Lock icon MOST ACTIVE
      37 10 VOLUME Pacific Andes 76,702,700 Blumont 66,474,100 IHC 57,491,600 SIIC Environment 47,751,900 HPH Trust USD 35,165,600 Market volume 1,259,356,000 VALUE SingTel 83,698,218 DBS Grp 80,603,032 Global Logistic 59,645,841 ComfortDelGro 49,251,679 Keppel Corp 39,411,051 Market value 986,838,000
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    • Article
      Lock icon SGX ETFs
      110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US784 +7 603 790/777 1000/567 784/786 98 UETF SSE50China 223 +1 166 224/222 238/140 215/224 69.7 STI ETF 345 +2 128 345/344 349/302 344/345 Lyxor Asia US$ US505 -2 99 506/505 543/466
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Feb 11 VALUE CLOSE BT OB/OS -337.00 -112.00 BT CADI -*****.00 -63.00 BT 10-day MA -*****.00 -34.00 FTSE ST Mid Cap 787.03 +1.00 FTSE ST Small Cap 498.07 -2.31 FTSE ST All Share 827.11 +1.86 FTSE ST China Top 194.03 -0.21 FTSE ST China 237.24 +1.01 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 10 STI FTSE ST All-Share ftse ST All-Share index Feb 11,2015 827.11 +1.86 (+0.23%) Current streak 2 days Day high 827.65 Day low 824.51 52-week high 827.11 (Feb 11,2015) 52-week low 737.55 (Feb 11, 2014)
      34 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index Feb 10,2015 1,808.94 +3.27 (+0.18%) Current streak 1 day Day high 1,811.57 Day low 1,798.73 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 6 0 0 0 5 5 6 Manufacturing 42 48 36 5 8 10 47 56 46 Commerce 21 18 22 4 6 5 25 24 27 Tpt/Stor/Comms 10 19 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,425 29,425 102,417 102,417 Manufacturing 202,626 34,078 236,704 64,656 2,926 67,582 Commerce 46,481 53,466 99,947 51,570 1,807 53,377 Tpt/Stor/Comms 119,100 161 119,261 223,792 51 223,842 Finance 16,332 41 16,373 150,408 9 150,417 Construction 21,719 11,857
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    • Article
      Lock icon GAINERS
      69 10 BY CENTS CLOSE UP 52w high/low Great Eastern 2578 124.0 5.1 2600/1769 UOL 790 38.0 5.1 800/572 CityDev 1036 17.0 1.7 1118/907 Jardine C&C 4205 14.0 0.3 4901/3442 UIC 366 14.0 4.0 367/290 BY PERCENTAGE CLOSE UP 52w high/low BlueSkyPower 7.2 35.8 1.9 18.5/3.7 CEFC Intl 3.3 22.2 0.6
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    • Article
      Lock icon LOSERS
      78 10 BY CENTS CLOSE DOWN 52w high/low DBXT E50 US$ 4833 -165.6 -2.5 5630/4562 GLD US$ ***** -57.0 -0.4 *****/***** DBXT MSTHAI US$ 2111 -48.9 -1.7 2225/1760 DairyFarm USD 861 -14.9 -1.3 1090/860 DBXT S&P Short US$ 2223 -13.6 -0.4 2637/2197 BY PERCENTAGE CLOSE DOWN 52w high/low UOB VT eCW*****4
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    • Article
      Lock icon UNUSUAL ACTIVITY
      85 10 VOL CLOSE($) CHANGE China Fishery 16,584.2 0.186 -0.074 -28.46 CHL ADR US$ 0.1 66.390 +1.770 +2.74 Grand Banks 437.5 0.215 +0.026 +13.76 Pan Asian 100.0 0.041 +0.006 +17.14 DMX Technologies 3,177.4 0.119 -0.011 -8.46 Asia Enterprises 260.0 0.215 +0.010 +4.88 800 Super 2,996.7 0.490 -0.055 -10.09 Cortina 43.0
      85 words
    • BROKERS’ TAKE
      • Article
        Lock icon Petra Foods
        171 10 Hold Feb 11 close: S$4.08 Target price: S$3.86 OCBC Investment Research, Feb 11 THE group suffered a drag from Indonesian rupiah depreciation on its Q3FY14 topline. The street is currently expecting a marginal drop y-o-y for its FY14 revenue as well as a 14 per cent loss y-o-y
        171 words
      • Article
        Lock icon OCBC
        159 10 Buy Feb 11 close: S$10.60 Target price: S$12.70 DBS Vickers, Feb 11 LOWER trading income and higher provisions dented Q4-14 as expected. Loan growth (ex-WHB; 8 per cent y-o-y) was broad-based but key identifiable drivers were mortgages, loans to individuals and loans to the building-construction sector. Non-performing loans ratio
        159 words
      • Article
        Lock icon DBS
        138 10  -  Compiled by Andrea Soh Buy Feb 11 close: S$19.51 Target price: s$22.30 dmg Partners, Feb 11 DBS’s Q4-14 core earnings fell 17 per cent q-o-q, weighed down by seasonally lower trading income and higher general allowances. Maintain “buy” with revised TP of S$22.30 (14 per cent upside), implying 1.4
        138 words
    • Article
      Lock icon CALENDAR
      11 10 DATA I 9.30 pm (Feb 12) US Initial Jobless Claims
      11 words
    • Article
      Lock icon Euro weakens with focus on Greek debt talks
      383 11 CURRENCIES REUTERS London THE euro hit a seven-year low against the pound on Wednesday before a eurozone finance ministers’ meeting that will discuss Greece, with any failure to find common ground on the country’s debt burden likely to see volatile trading. The
      REUTERS  -  383 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Feb 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.978 4.849 0.686 6.025 48.299 98.770 0.930 8.544 2.797 1.047 78.787 34.419 1.055 9.127 0.720 24.528 25.360 0.509 0.777 Canada 1.023 4.960
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Feb 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0543 1.0556 0.7767 0.7772 Canadian dollar 1.0785 1.0796 0.7948 0.7945 Euro 1.5371 1.5383 1.1324 1.1326 NZ dollar 1.0068 1.0081 0.7417 0.7422 Sterling pound 2.0717 2.0732 1.5262 1.5264
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Feb 11 S$ Bid Offer 1-month 1.3578 1.3589 2-months 1.3584 1.3595 3-months 1.3590 1.3601 6-months 1.3602 1.3613 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        359 11 Feb 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.67 *****.27 *****.03 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Jun15 *****.00 *****.00 *****.00 *****.00 748 4175 MSCI TAIWAN INDEX FUTURES SPOT 349.69 352.09 349.18 Feb15 347.80 353.00 347.70 351.90 ***** *****3 Mar15 348.10
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        213 11 Feb 11 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.1 unch ***** 1 1 83 6.00 30 DBS MB eCW*****0 13.2 0.4 7857 0.2 1980 2 OCBC Bk MB eCW*****3 6.6 -0.3 7303
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Feb 10 Index Change Change Change Change Change Change World Preliminary 1299.2 0.4 1.8 0.5 2.9 0.4 0.6 EAFE Preliminary 1030.2 0.3 4.4 0.3 4.2 0.2 1.9 Europe Preliminary 1454.1 0.5 5.2
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Feb 11 $S Offer Bid 0vernight 0.15 0.05 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6875 0.5625 Overnight mode: 0.405 US$ 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 11 Feb 11 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 11 Feb 11 Feb 11 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 103.2 5-Year N*****0H 1.625 01-Oct-19 100.66 100.75 100.60 10-Year NY*****H 3.000 01-Sep-24 108.39 108.57 108.35 15-Year NY*****E 2.875 01-Jul-29 105.69 105.75 105.60 20-Year NZ*****V 3.375 01-Sep-33 112.99
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 11 Feb-10 Price Net change change Last Trade Agricultural Feb-10 CBOT Soybeans (US cents/bu) 969.00 -9.50 -0.97% 13/03/2015 CBOT Soybean Oil (US cents/lb) 31.45 -0.56 -1.75% 13/03/2015 CBOT Wheat (US cents/bu) 521.75 -8.00 -1.51% 13/03/2014 Feb-10 LIFFE Cocoa (£/tonne) 1993.00 -15.00 -0.75% 16/03/2015 LIFFE Coffee (US$/tonne) 1937.00 -7.00 -0.36%
        249 words
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      Lock icon Page 6 Advertisements Column 1
      282 6 ft y y A 4 1 c K -m •V ft’ I V > 4f «5 it 7 f S- > 9 S 4 S T %fr'v <5 m. af 4 r: ■v s ?t :v /fi iv* VR Si St w ri a z 3 3fr 5& N, H
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      150 7 GIKEN SAKATA (S) LIMITED IS NOW LISTED AS GSS ENERGY LIMITED PURSUANT TO THE HIGH COURT’S SANCTIONING OF THE SCHEME OF ARRANGEMENT, THE TRANSFER OF SHARES IN THE SHARE CAPITAL OF GIKEN SAKATA (S) LIMITED BY ITS SHAREHOLDERS TO GSS ENERGY LIMITED (“GSSEL”) HAS BEEN COMPLETED. THERE ARE NOW TWO
      150 words
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      872 8 The Business Times L X/'"^V r ’T/"I I 1 Toll free 1800-289-8822 I M I I Email noticesiasph.com.sg M V j B i ij www.sphclass.com.sg/notices FIPRODIS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) Co Regn No: *****2082R Incorporated in the Republic of Singapore NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY
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      Lock icon Page 8 Advertisements Column 2
      188 8 FORM 55 NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF C C S TRADING PTE LTD (IN LIQUIDATION) CO. REG. NO. *****1307R COMPANIES WINDING UP NO. 245 OF 2004/W Take notice that a meeting of the creditors of the
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      1635 9 AccountServe A Stone Forest Company Globally Connected RSM International Need Help with XBRL Reporting? Urc turnaround nia time* Over reports since 8,000 Nov 2007 *Terms conditions apply www.AccountServe.com.sg xbrl@accountserve.com.sg T +65 6222 6868 The Business Times NOTICES •Sc ROESUS f**** Retail Trust (a business trust constituted on 7 May 2012
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Rents on private condos, HDB flats still under pressure: consultants
      687 12  -  SRX flash estimates show a 0.2% m-o-m rise in private condo rents, 0.5% slide in HDB rents in January By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT RENTS for private non-landed residential units increased in January, reversing from the past 11 consecutive months
      ST FILE PHOTO  -  687 words
    • Article
      Lock icon Booking an HDB flat? You’ll need a loan eligibility letter
      427 12  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT APPLICANTS of Build-to-order (BTO) flats who intend to take out loans from the Housing and Development Board (HDB) will now need to produce a valid HDB loan eligibility (HLE) letter when they book the flat,
      427 words
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      Lock icon Buy your own kingdom – it’s the ultimate ‘I have arrived’ statement
      880 12 Buy your own kingdom it’s the ultimate ‘I have arrived’ statement Private islands are increasingly the pre-eminent prize property for wealthy buyers seeking privacy and prestige NYT New York TALK about the ideal gated community except that the gate is the surrounding waters. Private islands account for a sliver of
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      Lock icon Australia puts limits on foreign buying of land for agriculture
      282 12 REUTERS Sydney AUSTRALIA tightened rules on Wednesday over foreign ownership of its agricultural land amid concerns that it is losing control of its own food security, slashing the amount beyond which land purchases would require regulatory approval. From March 1,
      REUTERS  -  282 words
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      Lock icon The logic of an empty US$100m New York pad
      1221 13 There are various allures to Manhattan property for superwealthy buyers prepared to pay record-setting prices for new developments NYT New York FOR most investors, a diversified portfolio means a prudent mix of stocks and bonds; for the global elite, diversification increasingly
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      Lock icon New York City building officials charged in bribery cases
      726 14 They allegedly cleared complaints, expedited inspections and tried to remove tenants for favours NYT New York MORE than a dozen New York City buildings inspectors and clerks have been charged with exploiting their positions as gateways to the city’s booming real
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    • Article
      Lock icon Househunt
      855 14 Property transactions for districts 1 to 28 with contract dates between Dec 31,2014 and Jan 6,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 05/01/2015 99 700 1643 2348 The Clift Apt 02/01/2015 99
      855 words
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      Lock icon Colliers Int’l names new CEO for Asia-Pacific ops
      521 14 BLOOMBERG Singapore COLLIERS International has appointed David Hand as chief executive of its Asia-Pacific operations, responsible for the overall management of the real estate services firm’s regional business and driving of strategic objectives. Mr Hand, who will be based in Hong Kong,
      BLOOMBERG  -  521 words
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      118 12 FREEHOLD RESIDENTIAL BLOCK |g| NEAR OSAKA STATION S Total 114 units Completed in 2014 99% Occupancy 6.4% Gross Yield JPY1.58 billion USD 13.3 million (est.) 6 mins train ride to Osaka CBD at Umeda/Osaka Station 28 mins train ride to Universal City Station, for Universal Studios Japan, a candidate for
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      48 12 Shop Houses Wanted I Ready Tenants Personality Restaurants Indie Cafes Lifestyle Retail Requires 1,000 3,000 sq ft New heritage. New use. New value. James Wong +65 8211 3113 CEA Reg. No. R*****7Z www.coiiiers.com Nurhuda Nordin +65 9100 1956 CEA Reg. No. R*****8Z Colliers INTERNATIONAL CEA Licence No. L*****91J
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      55 12 WHOLE OFFICE FLOOR FOR SALE actual view from outdoor garden terrace Suntec City Office Tower High Floor Panoramic View Strata Area 11,840 sqft Exclusive Outdoor Garden Terrace Newly Revamped Suntec City Mall 3 MRT Stations, 4 MRT Lines For Own Use or Investment (65)9745 9994 FRANCIS NG (CEA Reg No.
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      83 13 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices AGENT OPEN HOUSE 13 FEB 2015 Flexible clinic sizes ranging from 700 to 1500 square feet To RSVP, please contact our leasing team 6434 9808 audrey.seen@plpl.com.sg 6434 9832 keith.koh@plpl.com.sg One Orchard
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      132 13 EXCLUSIVE SHOPHOUSE ALONG SULTAN GATE A RARE STANDALONE SHOPHOUSE WITHIN KAMPONC CLAM Full Commercial Zoning; No ABSD; Foreigners eligible to buy Located along Sultan Gate, off Beach Road Enjoys dual frontage from Sultan Gate and Pahang Street Land Area: Approx. 7,401 sf Total Floor Area: Approx. 7,944 sf Freehold Availability
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Aussie govt woes hurting business confidence: bank chief
      444 15 Commonwealth Bank of Australia issues warning as it posts H1 cash profit of A$4.6 billion, up 8 per cent REUTERS Sydney THE head of the Commonwealth Bank of Australia (CBA) warned on Wednesday that uncertainty over the country’s leadership and policies was
      REUTERS; PHOTO: BLOOMBERG  -  444 words
    • Article
      Lock icon US private equity firms scramble to hire young investment bankers
      1242 15 NYT New York THEY are only in their early to mid-20s, but some young bankers on Wall Street are the most sought-after financiers around, with lucrative pay packages dangling before them. Junior investment bankers who graduated from college only last
      NYT  -  1,242 words
    • Article
      Lock icon Banking sector needs greater competition, says UK watchdog
      408 15 REUTERS London MOVES to improve competition within Britain’s banking industry have not yet had the desired effect, the head of the competition watchdog said, raising the prospect that the country’s biggest banks could be broken up. The Competition and Markets Authority (CMA)
      REUTERS  -  408 words
    • Article
      Lock icon Four more banks face NY forex rigging probe
      421 15 REUTERS New York NEW York’s financial regulator has sent subpoenas to Goldman Sachs, Credit Suisse, BNP Paribas and Societe Generale, expanding its probe into the possible rigging of foreign exchange rates through computer programs, people familiar with the matter said. The state’s
      REUTERS  -  421 words
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      63 15 Myanmar Myanmar Civil Aviation Development Conference 2015 23 26 March 2015 Sedona Hotel Yangon www.mcadc.sphereconferences.com /MS* Greater Heights Organiser: 'sphere Patron: Official Host: SINGAPORE PRESS HOLDINGS Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. *Terms and Conditions apply
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      30 15 WHY HOLIDAY OVERSEAS? tabla!readerspicktheirfavourite spotswhichyoucanexploreduring theChineseNewYear break Khalsa Association building to get a makeover GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Malaysian palm-oil shipments tumble most in seven years in January
      663 16 Demand for the commodity, cut by oil price plunge and record oilseed supply, may shift to soya-bean oil: DBS WP Kuala Lumpur PALM oil exports from Malaysia, the world’s biggest producer after Indonesia, slumped the most in seven years in
      WP; PHOTO: BLOOMBERG  -  663 words
    • Article
      Lock icon Apple in big solar power deal, market cap closes over US$700b
      522 16 REUTERS San Francisco APPLE Inc will buy about US$850 million worth of power from a new California solar farm to cut its energy bill, the iPhone maker said on Tuesday as its stockmarket value closed above US$700 billion for
      REUTERS  -  522 words
    • Article
      Lock icon Poland’s dream of shale gas riches begins to dim
      487 16 AFP Warsaw POLAND’S dream of becoming a shale gas “El Dorado”, bringing untold riches and assuring energy independence, is turning into a mirage as Western firms abandon prospecting efforts, citing poor results. “We can no longer talk of a new El
      AFP  -  487 words
    • Article
      Lock icon IEA sees only partial rebound in oil prices
      719 16 It also forecasts US shale oil output growth will slow to a trickle this year AFP London GLOBAL oil prices will recover only partially from spectacular lows, which are unlikely to spur economic growth or kill off US shale gas production, the
      AFP  -  719 words
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      6 16 X m mm D facebook.com/kiss92fm www.kiss92.sg
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      62 16 H O T PR O PERTY SPECTACULAR CLUSTER AT Lornie. 4500 sqft. 5 bed plus lift! Pool! Parking! isabelredrup.com/ir21.php$12k. NATURE PARK 3 sty Semi-d Bunglw 4+1 bdrm ensuite Approx 2900/5000 sf. SUNSET CRES 3 Sty detach 6+1, inground pool. 4500/ 4000 sf. Beautiful quiet. $13.5k neg LANDED PROPERTIES FOR SALE!
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  • TECHNOLOGY
    • Article
      Lock icon Out soon: Samsung Galaxy S with 3-sided display
      550 17 Two new S models will be launched at Mobile World Congress in Spain in March BLOOMBERG Seoul SAMSUNG Electronics Co plans to release two new versions of its top-tier Galaxy S smartphone in March, including a model with a display covering three
      BLOOMBERG  -  550 words
    • Article
      Lock icon Apple first company to be worth over US$700b
      381 17 AFP New York APPLE became the first company to reach a market value of US$700 billion on Tuesday as shares vaulted amid upbeat news on the US tech giant’s gains in the smartphone market and soon-to-arrive smartwatch. Shares rose 1.9 per cent
      AFP  -  381 words
    • Article, Illustration
      Lock icon Question of how much more can Apple grow surfaces again
      748 17 BLOOMBERG New York AN onstage interview with Tim Cook on Tuesday turned into a mini-debate about mathematics that left everybody in the audience a little bit dumber. Gary Cohn, the president of Goldman Sachs Group, opened the presentation by rattling
      BLOOMBERG; PHOTO: BLOOMBERG  -  748 words
    • Article
      Lock icon Twitter finance chief’s account briefly seized by spammer
      438 17 NYT New York A LOT of Twitter users find the nuances of the social network difficult to navigate, such as the difference between private direct messages and public replies and what level of access third-party apps get to your Twitter account if
      NYT  -  438 words
    • Article
      Lock icon IBM, SoftBank to bring supercomputer to Japan
      220 17 AFP New York IBM announced plans on Tuesday to bring its Watson supercomputer to Japan with mobile telecom group SoftBank, in a deal aimed at developing new applications for robotics and other services. “IBM is teaching Watson to speak, and think, in Japanese,
      AFP  -  220 words
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      58 17 The Premier Platform for Gifts Sourcing VVSGPFair Singapore Gifts Premiums Fair 2015 29 31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.SGPFair.com EXHIBIT PROFILE Embroidery Machines Services Imprinting Machines Services Etc. Interested to exhibit? Tel: (65) 6848 5938 Email: SGPFair@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A
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      56 17 fb.com/ComexITShow www.itshow.com.sg 19-22 MAR 2015 SUNTEC Singapore, Levels 3, 4 &6 12pm 9pm FREE ADMISSION FREE ADMISSION Sellyourtechproducts &servicesatSingapore’s LARGESTI.T,digital, mobile&consumer electronicsexhibition! Book Your Space NOW! *Limited Booths Available For more information, call *****620 or email to sales@exhibitsinc.com.sg ORGANISED BY: Organiser of IT SHOW, Food and Beverage Fair, COMEX, World
      56 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Coca-Cola looks to home as US outpaces rest of world
      581 18 Growth has stalled in emerging markets due to sluggish local economies and a strong US dollar BLOOMBERG New York COCA-COLA Co, after years of counting on overseas markets to fuel its expansion, is once again looking homeward for growth. The
      BLOOMBERG; PHOTO: BLOOMBERG  -  581 words
    • Article
      Lock icon China’s booming healthcare sector draws investors
      622 18 REUTERS Hong Kong INVESTORS are rushing into China’s booming healthcare business, helping M&A deal values surpass those of the hot Internet sector as the country prepares to cater to hundreds of millions of elderly patients. Encouraged by a relaxation of foreign ownership rules last
      REUTERS  -  622 words
    • Article
      Lock icon China sales reveal Amway billionaires
      430 18 BLOOMBERG New York BRINGING the American way of selling skin-care products and vitamins to China helped make Amway Corp the world’s largest direct seller. It also made the children of one its co-founders billionaires. Amway chairman Steve Van Andel and his siblings David Van Andel,
      BLOOMBERG  -  430 words
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      335 18 ARE YOU READY ToLead,PlanAndStrategise? Start searching for these Director jobs on STJobs.sg now Director, HR (Full Time) Industry: Compensation Benefits Recruitment Training Development Requirements: Responsible for the planning implementation of the Group's strategic HR Plan. Minimum 10 years of HR/Admin managerial experience with business partnering and change management skills/experience. Sales
      335 words
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  • TRANSPORT
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Two men charged as Australia foils ‘imminent’ terror attack
      739 20 Attack was due to happen on Tuesday in Sydney, say police; IS flag, machete and video detailing plot seized AFP Sydney TWO men were charged in Australia on Wednesday after police thwarted an “imminent” terror attack, seizing an Islamic State flag,
      AFP; PHOTO: REUTERS  -  739 words
    • Article
      Lock icon Chinese economy more sustainable now, says China central bank
      244 20 REUTERS Beijing CHINA’S economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank vice governor Yi Gang told a G20 meeting of finance officials earlier this week. Mr Yi’s remarks came after China posted its slowest economic
      REUTERS  -  244 words
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      Lock icon Still time for Greece to end debt standoff, but no Plan B yet: Austria
      244 20 REUTERS Vienna THERE is still time for Greece to end a debt standoff with its European partners, though no Plan B is in the offing, Austria’s finance minister said, adding that Athens must honour the terms
      REUTERS  -  244 words
    • Article
      Lock icon China’s review of foreign investment fuels concern
      745 20 BLOOMBERG Beijing CHINA’s plan to broaden its ability to review incoming foreign investments for national security threats is fuelling concern that the move will add a layer of scrutiny for global companies expanding in the world’s second largest economy. The American Chamber of
      BLOOMBERG  -  745 words
    • Article, Illustration
      Lock icon Anwar in jail raises unity challenge for Malaysia opposition
      906 20 BLOOMBERG Kuala Lumpur THE imprisonment of Malaysian opposition leader Anwar Ibrahim will provide the disparate, multi-ethnic coalition he headed with some momentum to resolve differences even as the longer-term challenge to stay united remains. Anwar’s five-year sentence and a five-year political
      BLOOMBERG; PHOTO: AFP  -  906 words
    • Article
      Lock icon US, China to discuss repatriation of Chinese fugitives
      666 21 They’ll also share specific info on suspected corrupt officials and stolen assets REUTERS Los Angeles SENIOR US officials will meet their Chinese counterparts in August to discuss the possibility of repatriating Chinese officials who have fled to America with billions of dollars
      REUTERS  -  666 words
    • Article, Illustration
      Lock icon Greece, OECD agree to work together on reforms
      1123 21 Their programme will be based on popular mandate, says Greek prime minister tions are confidential. BLOOMBERG, REUTERS, AFP Athens GREEK Prime Minister Alexis Tsipras on Wednesday announced plans to work with the OECD to draft a programme of reforms to boost growth
      tions are confidential. BLOOMBERG, REUTERS, AFP; PHOTO: AFP  -  1,123 words
    • Article
      Lock icon Greek, Chinese leaders discuss investment, cooperation
      613 21 REUTERS Athens GREECE’S leftist Prime Minister Alexis Tsipras spoke on the phone with Chinese Premier Li Keqiang, who assured him Chinese businesses are interested in new investments in the country, a Greek government official said on Wednesday. “The Chinese premier assured Alexis Tsipras that
      REUTERS  -  613 words
    • Article
      Lock icon Malaysia reduces power tariffs as global fuel costs decline
      443 21 BLOOMBERG Kuala Lumpur MALAYSIA will reduce electricity tariffs next month as a decline in global fuel prices gives the government scope to cut costs for businesses and consumers. The government will lower prices by 5.8 per cent, or 2.25 sen per
      BLOOMBERG  -  443 words
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      157 21 (3 fascinating Pte Ltd C www.fascinating.travel 5D OKINAWA DIRECT CHARTER fr$1458 Special Dep: Mar 5 May 1 Jun 17 (Free Easy, Self-drive Guided Tour) ■yT JAPAN PRIVATE TOUR (4/5/7 To Go) fr$888 5D Japan Delight 7D Hokkaido I 7D Central Japan Shirakawa-Go 7D Central Japan Deluxe (Land Only) 1318 CENTARA
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  • OPINION
    • Article
      Lock icon Companies should comply with SGX’s MTP as soon as possible
      558 22 FROM March 2, companies whose shares are listed on Singapore Exchange’s (SGX) mainboard will have to comply with the requirement of a minimum trading price (MTP) of 20 cents for their shares. After a one-year grace period that extends to
      558 words
    • Article
      Lock icon The Greek austerity myth(ology)
      789 22  -  THE BOTTOM LINE Daniel Gros T The writer is director of the Centre for European Policy Studies PROJECT SYNDICATE Brussels SINCE the anti-austerity Syriza party’s victory in Greece’s recent general election, the “Greek problem” is again preoccupying markets and policymakers throughout Europe. Some fear a return
      PROJECT SYNDICATE  -  789 words
    • Article, Illustration
      Lock icon Building a stronger S’pore Inc
      1326 22  -  Leverage the Singapore brand to help more homegrown companies to go global. By TAY HONG BENG By TAY HONG BENG T The writer is partner and head of tax at KPMG in Singapore THE rapid growth of Singapore over the past 50 years has led
      FILE PHOTOS  -  1,326 words
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      Lock icon Brian Williams, the least trusted man in America
      1239 23  -  COMMENTARY By Leon Hadar Washington ONCE upon a time in America, there were only three television news networks. From about the mid-1950s to the late 1970s, members of an average American mid-dle-class family would gather in their living room, before or after
      1,239 words
    • Article
      Lock icon Greeks turning the tables on Eurogroup
      631 23  -  By David Marsh T The writer is managing director and co-founder of the Official Monetary and Financial Institutions Forum (OMFIF). This article was sourced from an OMFIF commentary dated Feb 11,2015 YANIS Varoufakis is an unlikely minister from an impossible country heading for an
      631 words
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      Lock icon New GDP calculation transforms India into a Tiger economy
      1471 23  -  New Delhi has changed the base year and now uses market prices instead of factor costs to calculate its GDP.BY AMIT ROY CHOUDHURY GDP.BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT IT’S not often that a change in the method of calculation can
      PHOTO: BLOOMBERG  -  1,471 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    983 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hyundai Bridge 300E 18 Feb 17 Mar 05 Apr 09 Apr 10 Apr 11 Apr 15 Apr 16 Apr 19 Apr 20 Apr 26
    983 words
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      184 24 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES Shipping times );&}/{*_'"[${)/>?">&/:=^},[[&[% Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 I HI BUSINESS ITVIRS SHIPPING TIMES Managing Director FOONGSUN
      184 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon In Thailand, the ghosts business thrives
      999 25 And nobody knows this better than Kapol Thongplub, host of a nightly call-in show dedicated to the supernatural and owner of 3 ghoulish F&B outlets NYT Bangkok SHORTLY after midnight, the phone rang in the cramped radio station where Kapol Thongplub hosts a nightly
      NYT; PHOTOS: NYT  -  999 words
    • Article, Illustration
      Lock icon Jon Stewart to leave The Daily Show after 16 years
      510 25 AFP Los Angeles HOST Jon Stewart will leave the satirical and pioneering The Daily Show later this year, his bosses at Comedy Central said on Tuesday, calling him a “comic genius”. The 52-year-old, who took time off in 2013 to
      AFP  -  510 words
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      291 25 CRYPTIC CROSSWORD Across 1 Rocks King in mixed doubles (8) 6 Use of it may weaken the spirit (6) 9 On the surface, a delivery vehicle (6) 10 Quietly object when getting a tiny portion (8) 11 See if lab hybrid is likely to work (8) 12 Often repaired, but
      291 words
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