The Business Times, 28 February 2015

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Total Pages: 40
1 32 The Business Times
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      57 1 LivingBT THE BUSINESS TIMES WEEKEND FEBRUARY 28 MARCH 1 2015 DESIGN’S YOUNG TURKS Next generation of Singapore architects L2-5 DESIGN Highlights of Ambiente trade fair L6-7 DESTINATION DINING Rene Redzepi in Tokyo L8 PHOTO: PRODUCE TRAVEL Aman’s new resort in Tokyo L9 DINING Fusion hotspots L12-13 MOTORING Scoring top marques
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  • BT Living
    • DESIGN
      • Article, Illustration
        Lock icon SINGAPORE DESIGN’S YOUNG TURKS
        2504 2 / 3  -  Next-generation designers are clients winning over clients with an opinionated, edgy design aesthetic. By Arthur Sim, Daven Wu THERE was a time, not so long ago, when Singapore’s design scene whether architectural, industrial, landscaping or product design was dominated by a few big-hitters. In many cases,
        PHOTOS: WYNK COLLABORATIVE; PHOTOS: PRODUCE, MINDY TAN PHOTOGRAPHY; PHOTOS: FDAT; PHOTOS: ATELIER SMALL  -  2,504 words
      • Article, Illustration
        Lock icon KITCHEN HAVEN
        1056 6 / 7  -  The design-centric Ambiente trade fair in Frankfurt draws global buyers with its cutting-edge products. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT FOR those who love cooking, dining and hosting, going to the Ambiente trade fair is very much like entering an Aladdin’s cave. There are
        PHOTOS: TAY SUAN CHIANG  -  1,056 words
    • DESTINATION DINING
      • Article, Illustration
        Lock icon Flavoured with rich memories
        1040 8  -  On the last day of service at his Japanese pop-up restaurant Noma Tokyo, top chef Rene Redzepi shares his thoughts on this life-changing experience. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT ON Valentine’s Day, Rene Redzepi said goodbye to his Japanese sweetheart: Noma Tokyo, which
        PHOTOS: SAMUEL EE  -  1,040 words
    • TRAVEL
      • Article, Illustration
        Lock icon Hard to resist
        1026 9  -  The DNA is Japanese throughout but with a modern feel Aman’s first urban property in Tokyo does not disappoint with its insane luxury and signature hospitality. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT YOU can almost hear the howl of disapproval escaping the well-moisturised lips of
        PHOTOS: AMAN RESORTS  -  1,026 words
      • Article, Illustration
        Lock icon Food and drink as Mother Nature intended
        1038 10 / 11  -  While grey in looks, Fukui prefecture’s culinary wonders more than make up for its lack of superficial beauty. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT COMPARED with say, the ancient beauty of Kyoto, the stunning ski trails of Hokkaido or even the
        PHOTOS: SAMUEL EE  -  1,038 words
      • Article, Illustration
        Lock icon Sake royalty
        707 10 / 11  -  A cult sake house from Fukui, Kokuryu is famous in the sake world for its two liquid objects of desire Ishidaya and Nizaemon. By Samuel Ee By Samuel Ee HE MAY be wearing a sporty down jacket and a bandana but there is no mistaking Naoto Mizuno for
        SAMUEL EE  -  707 words
      • Article, Illustration
        Lock icon The age of sake
        445 10 / 11  -  By Samuel Ee samuelee@sph.com.sg NAOTO Mizuno is on a mission to make Kokuryu internationally known and he is doing that by modernising operations and ageing his sake. Since taking over from his father 10 years ago, the eighth-generation owner of the brewery in Fukui prefecture has
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    • DINING
      • Article, Illustration
        Lock icon Fusion hotspots
        1599 12 / 13  -  Fusion cooking isn’t dead, it just pops up in different guises. BT Weekend checks out a new wave of restaurants trying to create original flavours By Rachel Loi @RachelLoiBT rachloi@sph.com.sg By Avanti Nim avantin@sph.com.sg Adrift Marina Bay Sands Hotel, Tower 2 lobby Restaurant: Sun to Thurs, 6pm 10pm;
        1,599 words
      • Article
        Lock icon wine&dine
        819 12 / 13 with BTWeekend Peach Blossoms Marina Mandarin Singapore, Level 5 6 Raffles Boulevard Z6845-1018 A Taste of Spring in Steamboat Steamboat has never been better with a delectable spread of fresh seafood and exquisite ingredients. Enjoy the Spring celebrations with family and friends over Chinese New Year steamboat with Lobsters,
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    • MOTORING
      • Article, Illustration
        Lock icon INFINITI REINVENTED
        668 14  -  The Infiniti Q50 Sport features an award-winning steer-by-wire system. By Samuel Ee samuelee@sph.com.sg UNTIL recently, Infiniti was better known for its outsized petrol engines. But with the introduction of the Q50 with a 2.0-litre turbocharged unit, this well-priced mid-sized sedan is quickly building a name for the marque.
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      • Article, Illustration
        Lock icon XTRA SPORTY
        673 15  -  The new BMW X6 M Sports Activity Coupe may be big and tall but it is very agile. By Samuel Ee samuelee@sph.com.sg THE all-new BMW X6 M has the singular distinction of being the most powerful all-wheel-drive model from the German luxury carmaker, thanks to an almost total
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    • SPORTS
      • Article, Illustration
        Lock icon Big bucks to see richest fight in history
        1033 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent NO one knows for sure who will win the upcoming mega-fight between Manny Pacquiao and Floyd Mayweather, but what’s absolutely certain is that it will cost a pretty penny to watch the two welterweight
        PHOTOS: AFP, REUTERS  -  1,033 words
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      265 4 / 5 »SS«' s SANDS EXPO AND CONVENTION CENTER MARINA BAY SANDS SINGAPORE Qr LU I—s K ,0.v il C_L 8 n w 7J i v K «r 4 With: Ibrahim Jaya 161 Marc Dardenne, David Landart, Grace Wang, Javier Serrano, Eloi Chafai B Jean-Francois Dingjian, Christophe Pillet, Lyndon Neri B Rossana
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  • TOP STORIES
    • Article
      Lock icon Sharper contraction in bank lending in January
      384 2  -  Falling trade loans, weakness in consumer lending leave domestic banking sluggish By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BANK lending dipped more sharply in January compared to a month ago, amid a stubborn decline in trade loans and weak growth in consumer lending. Loans
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    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,402.86 (-23.32) HSTI FUTURES 3,398.00 (-28.00) HSIMSCI 381.84 (-2.57) HSIMSCI FUTURES 382.00 (-3.40) Friday Change KL COMP 1,821.21 +0.34 NIKKEI 225 18,797.94 +12.15 HANG SENG 24,823.29 -78.77 SET 1,587.01 -6.54 JAKARTA 5,450.29 -1.13 MANILA 7,730.57 -33.82 KOSPI 1,985.80 -7.28 SHENZHEN B 1,107.25 -0.03 MUMBAI IND 29,220.12 +437.47 11am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.695 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.357 (US$/S$ per 1.544 2.095 EURO (US$/S$/€ 1.121 1.521 Foreign currency per US$ S$ YEN 119.30 87.90 RM 3.618 2.665 HK$ 7.755 5.714 BAHT 32.36 23.84 RUPIAH 12,924 9,522 RENMINBI 6.270 4.619 INDIAN RUPEE 61.85 45.57 A$ 1.280 0.943 NZ$ 1.324 0.975
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    • Article
      Lock icon HK steps up efforts to cool red-hot property market
      525 2 Govt lowers loan quantum and debt-servicing ratio Reuters Hong Kong HONG KONG took fresh measures to cool one of the world’s most expensive real estate markets on Friday by reducing the amount of money home-buyers can borrow and capping the amount
      Reuters  -  525 words
    • Article, Illustration
      Lock icon Tax plight: The 5 per cent call an emergency meeting
      584 3 “It just shows the truth of the old saying that half the world doesn’t know how the other three-quarters live.” Bertram Wooster, in Much Obliged, Jeeves BTBLOGS| MINUTES from the 127th meeting of The Society of Embattled High Income-Earn-ers Who
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    • Article, Illustration
      Lock icon SGX to get new chief regulatory officer in June
      199 3 Singapore THE Singapore Exchange (SGX) will have a new Chief Regulatory Officer in Tan Boon Gin from June 15. Mr Tan, who is now director of the Commercial Affairs Department, was named to the job following the departure of Richard Teng
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    • Article
      Lock icon Singapore’s market cap inches up to S$979.6b in February
      388 3  -  By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore THE market capitalisation of Singapore stocks edged up for the fourth consecutive month in February, albeit by a negligible 0.15 per cent to S$979.6 billion. Over the month, the benchmark Straits Times Index (STI) gained
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    • Article
      Lock icon DC rates for non-landed residential use trimmed 3 per cent
      1460 4  -  But development charge rates for commercial use have been raised 1.9% By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE government is reducing development charge (DC) rates payable for enhancing the use of some sites or to build bigger projects on them
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    • Article
      Lock icon Petronas records Q4 loss of RM7.3 billion
      648 5  -  Excluding an impairment charge of RM20b, its Q4 pre-tax profit would be RM20m By Pauline Ng btworld@sph.com.sg Kuala Lumpur TUMBLING oil prices have pushed Malaysia’s national oil company Petronas into a fourth-quarter loss of RM7.3 billion (S$2.75 billion), owing to an asset-impairment charge
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    • Article
      Lock icon SCCCI, PwC to study issues relating to family businesses
      248 5  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE Singapore Chinese Chamber of Commerce and Industry (SCCCI) and PwC have signed a memorandum of understanding (MOU) to collaborate on an in-depth study into the key issues and challenges relating to family businesses. These
      248 words
    • Article
      Lock icon Asian cross-border funds closer to reality
      278 5  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore ASIAN fund managers are another step nearer to being able to offer funds across the region. A working group from Singapore, Australia, South Korea, New Zealand, the Philippines and Thailand on Friday released a joint consultation paper
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    • Article
      Lock icon Overall employment rate among local uni grads ‘remains high’: survey
      332 5  -  By Fiona Lam fionalam@sph.com.sg Singapore OVERALL employment rates among the graduates of Nanyang Technological University (NTU), National University of Singapore (NUS) and Singapore Management University (SMU) remain high, the latest Joint Graduate Employment Survey conducted by the three universities has
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    • Article
      Lock icon Feinmetall opens higheroutput facility in Marsiling
      423 6  -  The plant will be able to double the output of its previous Boon Lay plant By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore FEINMETALL Singapore, which designs and manufactures probe cards for the region’s semiconductor industry, opened its new manufacturing facility in Marsiling on Friday. The
      423 words
    • Article, Illustration
      Lock icon Changi passenger traffic slips 3.8% in January
      458 7  -  Previous January’s numbers had boost from Chinese New Year traffic By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CHANGI Airport handled 4.42 million passengers in January, down 3.8 per cent year on year, as the number of flights operating came down. Aircraft movements sank 5.2
      THE STRAITS TIMES FILE PHOTO  -  458 words
    • Article
      Lock icon Yishun transport hub to open by 2019
      253 7  -  By Samuel Ee samuelee@sph.com.sg Singapore THE new Yishun Integrated Transport Hub (ITH) will open by 2019 and be the 10th such ITH. The Yishun ITH at Yishun Avenue 2 will have an air-condi-tioned bus interchange with an underpass connecting it to the nearby
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    • Article
      Lock icon Ex-CPIB assistant accused of theft, cheating
      373 7  -  He is charged with credit card theft at nightspots and causing hurt By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore A FORMER assistant at the Corrupt Practices Investigation Bureau (CPIB) has been charged in court with 15 offences, including the stealing of credit cards and cheating.
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      50 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-15 Real Estate 16-17 Banking Finance 18 Energy Commodities 19 Technology 20 Consumer 21 Transport 22 Govt Economy 23-25 Opinion 26-27 Wealth 28-30 LIVING Design L2-7 Destination Dining L8-9 Travel L10-11 Dining L12-13 Motoring L14-15 Sports L16 Life Culture 31
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      31 3 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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      38 6 BUDGET 2015 Follow The Business Times’ coverage at btd.sg/budget_15 #SGBudget2015 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
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The Asian American edge
      2551 8 / 9  -  Susan Allen, head of the US Pan Asian American Chamber of Commerce, is committed to raising the profile of Asian Americans in the US and giving them a voice in Congress. By Leon Hadar By Leon Hadar SUSAN Allen, the chairman, national president and CEO of
      PHOTO: USPAACC  -  2,551 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon ST Engineering Q4 profit slides 16%
      349 10  -  Revenue down due to lower contribution from 3 sectors By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore ST Engineering’s fourth quarter net profit eased 16 per cent year on year to S$140.3 million while revenue was also lower at S$1.85 billion, down from S$1.94 billion previously.
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    • Article
      Lock icon Ho Bee’s Q4 profit falls on lower fair value gain
      313 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore DRAGGED by a lower fair value gain in investment properties with the completion of The Metropolis, mainboard-listed property group Ho Bee Land Limited posted a weaker fourth quarter net profit. Net profit fell 43.6
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    • Article
      Lock icon Hyflux earnings for FY14 up 31% at S$57.47m
      288 10  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore ENVIRONMENTAL solutions provider Hyflux has posted a 31 per cent gain in net profit to S$57.47 million for the year ended Dec 31, 2014 despite a 40 per cent slump in revenue. Hyflux said that
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    • Article
      Lock icon China Everbright Water’s full-year profit up 10%
      288 10  -  By Prisca Ang prisang@sph.com.sg Singapore WATER treatment firm China Everbright Water posted a 10 per cent year-on-year increase in net profit to HK$292.8 million (S$51.4 million) for the full year ended Dec 31, 2014, attributable to shareholders of the company. This was despite
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    • Article
      Lock icon Intraco posts S$0.95m loss for 2014
      215 10  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A NEWLY acquired investment mitigated low trading margins at trading company Intraco Limited, which nevertheless reported a loss of S$949,000 for its full year ended Dec 31,2014, compared to a net profit of S$1.1 million in 2013. Revenue
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    • Article
      Lock icon Venture Q4 net profit up 3.5%
      340 11  -  S$39.3 million quarterly profit is the group’s highest for the past eight quarters By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore VENTURE Corporation registered a 3.5 per cent year-on-year increase in net profit, from S$38.01 million to S$39.33 million, for the fourth quarter ended Dec 31,
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    • Article
      Lock icon KS Energy net profit jumps to S$30.1m
      227 11  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore GLOBAL oil gas services firm, KS Energy, posted a net profit of S$30.13 million for the year ended Dec 31, 2014, a jump from the S$23,000 reported a year ago. Revenue for the year jumped 40.5
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    • Article
      Lock icon UE 2014 earnings down 49% at S$46m
      303 11  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore UNITED Engineers (UE), which was a takeover play, reported a net profit from continuing operations of S$46 million for its full year ended Dec 31, 2014, down 49 per cent from S$89.5 million a year ago. Revenue
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    • Article
      Lock icon KrisEnergy deeper in the red for 2014
      329 11  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore KRISENERGY’s shares dipped 3 per cent to S$0.58 on Friday after it reported steeper losses in 2014, dragged down by one-time financing charges and higher costs of sales, despite a higher revenue. Losses after tax for the
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    • Article
      Lock icon Weaker Q4 commodity prices hit Golden Agri, IndoAgri
      376 11  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore TWO plantation players posted less-than-stellar fourth-quarter results on Friday amid weaker crude palm oil prices and an industry overcapacity. Golden Agri-Resources reported a net loss of US$21.9 million for the fourth quarter ended Dec 31, 2014,
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    • Article, Illustration
      Lock icon Noble and SGX CEO main talking points in quiet week
      770 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent A SURPRISE announcement by Singapore Exchange (SGX) that its boss Magnus Bocker does not want to stay on after his contract expires in June, commodities firm Noble Group’s ongoing tussle with shortselling firm
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    • Article
      Lock icon Property sale lifts Super’s Q4 despite languid core
      292 12  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore INSTANT coffee-mix maker Super Group found a picker-upper in a property sale, which carried its fourth-quarter net profit into growth territory despite a core business that was still waking up. Profit attributable to shareholders rose 15
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    • Article
      Lock icon Analysts laud ThaiBev dividend hike, but market remains unmoved
      393 12  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore THAI Beverage Public Co eased off its early gains on Friday after the company reported in-line results and raised its dividend payout, with analysts maintaining bullish views on the stock. The Thailand-based beverage group saw
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    • Article
      Lock icon Hong Leong Asia’s 2014 profit drops 40.9%
      374 13  -  This is due mainly to higher losses at consumer products unit Xinfei; group’s revenue rises 1% By Fiona Lam fionalam@sph.com.sg Singapore HONG Leong Asia (HLA), the trade and industrial arm of the Hong Leong Group, reported a 40.9 per cent slump in net
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    • Article, Illustration
      Lock icon Yangzijiang Q4 net slips 15% as margins fall
      422 13  -  By Angela Tan angelat@sph.com.sg Singapore YANGZIJIANG Shipbuilding on Friday reported that its net profit for the fourth quarter ended Dec 31, 2014, fell 15 per cent to 636.56 million yuan (S$138 million), from the year-ago period. Revenue rose 12 per cent to
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    • Article
      Lock icon Vard’s Q4 profit, revenue rise on high activity at yards
      222 13  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore VARD Holdings on Friday reported a net profit of 154 million Norwegian kroner (S$27.5 million) for the fourth quarter, up 36.3 per cent from a year ago. Revenue rose 45.5 per cent to 4.5
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    • Article
      Lock icon Straits Trading Q4 net triples to S$37m
      266 13  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore STRAITS Trading’s net profit surged 192.5 per cent year-on-year to S$36.98 million from S$12.64 million for the fourth quarter ended Dec 31, 2014. Revenue for the three months rose 53.9 per cent to S$209.11 million, from S$135.89
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    • Article
      Lock icon STI STOCKS
      318 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 unch 248/245 263 213 5.8 6245 CapitaLand 359 -1 365/359 371 268 13.2 2.5 *****.7 CapitaMall Trust 211 -2 213/211 226 186.5 5.1 7319.6 CityDev 1023 cd -12 1036/1022 1118 907
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    • Article
      Lock icon SGX ETFs Most Active
      110 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MS SING US$ US129.8 873 -/-140.1/120.8 128.3/128.6 6.5 STI ETF 340 -2 286 343/340 349/305 340/341 UETF SSE50China 227 -1 132 230/227 238/140 225/228 70.9 Nikko AM STI ETF 346 -1 100 348/346 422/311 345/346
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    • Article
      Lock icon SIBOR
      35 14 Feb 27 Css> 1 rnth *****5 2 irithv i Wlhs OJHU mths OSJi&2 9 mths 12 mitlis 053S41 SWAP Offer rates (55) 1 mth 0.«5?7t j mtlis XlJSiWS 6 mth; AWM8 Source: Thomson Reuters
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      Lock icon BT SHARE INFORMATION SERVICE
      799 14 For week beginning Feb 23 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) GRP Ltd 26-Feb-15 Kwan Chee Seng Buy 504 0.10 *****5 29.42 *****9 29.46 GRP Ltd 25-Feb-15 Kwan
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 5 7 0 0 0 3 5 7 Manufacturing 41 55 37 4 11 10 45 66 47 Commerce 15 23 19 6 2 3 21 25 22 Tpt/Stor/Comms 9 20 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 14 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,275 27,275 97,573 97,573 Manufacturing 375,574 62,629 438,203 131,288 5,260 136,549 Commerce 214,819 11,220 226,039 163,835 410 164,246 Tpt/Stor/Comms 115,279 88 115,367 224,849 13 224,862 Finance 32,655 479 33,134 317,604 116 317,720 Construction 35,783 12,614
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Feb 27 VALUE CLOSE BT OB/OS -217.00 -35.00 BT CADI -*****.00 -98.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 784.03 -1.40 FTSE ST Small Cap 493.69 -0.84 FTSE ST All Share 818.38 -4.67 FTSE ST China Top 191.30 -0.81 FTSE ST China 233.64 -0.51 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      69 14 VOL CLOSE($) CHANGE Moya Asia 17,754.4 0.047 +0.001 +2.17 Cogent 555.0 0.420 SingMedical 99.0 0.124 -0.002 -1.59 Albedo 2,690.0 0.009 TalkMed 26.1 1.020 Lizhong Wheel 104.9 0.230 Darco Water Tech 600.0 0.024 Select 220.2 0.405 -0.005 -1.22 GKE 30.0 0.075 -0.002 -2.60 Unionmet 1,921.1 0.047 +0.003 +6.82 Shows
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    • Article
      Lock icon COMMODITY FUTURES
      193 15 Feb-26 Price Net change change Last Trade Agricultural Feb-26 CBOT Soybeans (US cents/bu) 1024.00 16.25 1.61% 13/03/2015 CBOT Soybean Oil (US cents/lb) 31.84 0.13 0.41% 13/03/2015 CBOT Wheat (US cents/bu) 503.25 5.50 1.10% 13/03/2014 Feb-26 LIFFE Cocoa (£/tonne) 2019.00 19.00 0.95% 16/03/2015 LIFFE Coffee (US$/tonne) 1834.00 -16.00 -0.86%
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    • Article
      Lock icon PALM OIL
      57 15 Feb 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 15 2282.0 2321.0 2330.0 2282.0 1351 3874 Apr 15 2283.0 2308.0 2324.0 2280.0 4318 ***** May 15 2278.0 2305.0 2321.0 2277.0 ***** ***** Jun 15 2266.0 2294.0
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      Lock icon GOVERNMENT SECURITIES
      80 15 Feb 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****H 01-Nov-15 0.82 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.77 102.80 102.80 5-Year N*****0H 1.625 01-Oct-19 100.01 100.10 100.10 10-Year NY*****H 3.000 01-Sep-24
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      Lock icon INTERBANK CURRENCY RATES
      155 15 Feb 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0597 1.0613 0.7811 0.7816 Canadian dollar 1.0868 1.0881 0.8013 0.8011 Euro 1.5206 1.5220 1.1208 1.1209 NZ dollar 1.0244 1.0260 0.7551 0.7556 Sterling pound 2.0942 2.0962 1.5436 1.5438
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      201 15 Most active Feb 27 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Top Global Ltd W*****9 0.1 unch 5000 OCBC Bk MB eCW*****3 11.8 0.3 4998 0.2 1050 6 FTSEChinaA50 ***** MBeCW*****8 9.5 -0.8 2420 0.0 --3 Rowsley Ltd
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 15 In local curr In S$ In US$ dy yr dy yr dy yr Feb 26 Index Change Change Change Change Change Change World Preliminary 1342.8 0.2 5.3 0.1 6.3 -0.1 3.8 EAFE Preliminary 1075.5 0.6 9.0 0.0 8.5 -0.2 6.0 Europe Preliminary 1516.4 0.6 9.8
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      Lock icon STOCK MARKETS
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  • REAL ESTATE
    • Article, Illustration
      Lock icon GuocoLand sells over 100 units at Sims Urban Oasis
      536 16  -  One to 5-bedroom units fetched between S$1,295 psf and S$1,595 psf By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GUOCOLAND has sold more than 100 units at its 1,024-unit Sims Urban Oasis condo project at Aljunied since sales began on Feb 14. Some
      536 words
    • Article
      Lock icon Renovating older homes finds favour with more Japanese
      950 16 WP Tokyo KEISUKE Nagatani’s home may look a bit age-worn from the outside, but its interior is quite new. Mr Nagatani bought his 33-year-old condominium in Yokohama two years ago and gave it a drastic renovation. By removing part of an interior
      WP  -  950 words
    • Article
      Lock icon Househunt
      977 17 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 14 AND JAN 20, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Riverwalk Apt Apt 15/01/2015 99 1259 1580 1255 The Clift Apt 20/01/2015 99 753
      977 words
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  • BANKING & FINANCE
    • Article
      Lock icon DBS hires Rabobank’s Shome as India CEO
      383 18 He will replace Sanjiv Bhasin from April 15; appointment comes after surge in soured debt; Bloomberg Mumbai DBS Group Holdings Ltd has hired Rabobank NA’s Surojit Shome to replace Sanjiv Bhasin as head of its Indian operations after a surge in soured debt.
      Bloomberg  -  383 words
    • Article, Illustration
      Lock icon ECB stimulus plan drives some investments into new territories
      764 18 NYT Frankfurt THE European Central Bank’s (ECB) plan to begin a big monetary stimulus programme in March is already causing money to contort in new and sometimes strange ways. German bonds maturing in seven years traded at a negative interest rate
      NYT; PHOTO: REUTERS  -  764 words
    • Article
      Lock icon Top investment firm to start artificial intelligence unit
      267 18 Bloomberg New York THE world’s largest hedge fund manager is banking on machines. Ray Dalio’s US$165 billion Bridgewater Associates will start a new, artificial intelligence unit next month with about half a dozen people, according to a person with knowledge of the
      Bloomberg  -  267 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Russia, Ukraine adding to steel export flood
      594 19 Armed with weaker currencies, they join China in pushing out surplus output globally Reuters Singapore STEELMAKERS from Asia to Europe are facing increasing pressure from a rise in cheap imports as Russia and Ukraine, armed with weaker currencies, join China in pushing surplus
      Reuters; PHOTO: REUTERS  -  594 words
    • Article
      Lock icon Ford’s F-150 pickup a boon for aluminium sales
      466 19 Bloomberg New York FORD Motor Co is helping to pull aluminium from the bear markets afflicting most commodities by adding to an increase in industrial use. The company is hiring workers to expand production of its F-150 pickup after a switch to
      Bloomberg  -  466 words
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      473 19 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SIAG TRADING PTE. LTD. Co. Reg. No. *****2136C (IN CREDITORS’ VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General Meeting of a member of SIAG TRADING PTE. LTD. duly convened and held at 63 Market
      473 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon US regulators say no to two-speed Internet
      756 20 Vote in favour of net neutrality stops service providers from charging for better access AFP Washington US regulators on Thursday approved landmark Internet rules that would prevent broadband providers from separating online traffic into slow and fast lanes. The Federal Communications Commission’s 3-2
      AFP; PHOTO: BLOOMBERG  -  756 words
    • Article
      Lock icon Samsung looks beyond Apple to challenge Qualcomm
      592 20 It is using its own processor chips in new Galaxy S phones Bloomberg Seoul SAMSUNG Electronics Co will unveil its next smartphones this weekend, with the focus on whether they can draw customers from Apple Inc. The real question may be whether the
      Bloomberg  -  592 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Swiss luxury smartwatches to finally appear
      729 21 MMT will release 10 models under banner of Swiss Horological Smartwatches this year Bloomberg New York EVERYONE’S been waiting for it, and now it’s happened: the Swiss have finally entered the smartwatch fray. Coming only a few weeks after Swatch announced that it would
      Bloomberg; SPH FILE PHOTO  -  729 words
    • Article
      Lock icon Too many waiting for blood stem cell transplants: study
      313 21 AFP Paris OVER a million people have received blood and marrow stem cell transplants for life-threaten-ing diseases in the past 57 years, but too many are still waiting, a study said on Friday. Haematopoietic stem cell transplantation (HSCT) often offers the
      AFP  -  313 words
    • Article
      Lock icon Barnes & Noble to retain Nook unit, spin off education
      219 21 Barnes Noble to retain Nook unit, spin off education AFP New York US BOOKSELLER Barnes Noble said on Thursday that it will retain its struggling Nook division, which produces tablets and digital books, backtracking on a decision from last year. It said it would instead spin off its education unit,
      AFP  -  219 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Airbus takes new A400M hit over delays
      511 22 It will raise production of top-selling A320 family to record 50 per month from Q1 2017 Reuters Munich AIRBUS Group took a charge of 551 million euros (S$841 million) due to the latest delays to the A400M military transporter and juggled production on
      Reuters; PHOTO: AFP  -  511 words
    • Article
      Lock icon Turbo boosting fuel efficiency in cars
      704 22 NYT New York EVEN as electric cars stall with Americans, another fuel-saving technology is revolutionising the morning commute: the turbocharger. Once mostly the province of expensive sports and luxury cars, turbochargers are proliferating in everything from budget compacts to burly pickup trucks. As carmakers
      NYT  -  704 words
    • Article
      Lock icon American Airlines US$500m bond deal to cut borrowing costs
      288 22 Bloomberg New York LESS than six months after selling its first bond since emerging from bankruptcy, American Airlines Group Inc is hoping to take advantage of falling oil prices by placing debt at lower yields. The world’s largest air carrier proposed
      Bloomberg  -  288 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Consumer spending fuels GDP in Q4
      564 23 LATEST US DATA Bloomberg New York GROSS domestic product, the value of all goods and services produced, rose at a 2.2 per cent annualised rate, down from an initial estimate of 2.6 per cent, Commerce Department figures showed Friday in Washington. The median forecast
      Bloomberg  -  564 words
    • Article, Illustration
      Lock icon Germany, Italy, Spain prices signal easing of deflation risks
      665 23 Bloomberg AFP Madrid CONSUMER prices from Germany to Italy and Spain signalled an easing of deflation risks in the euro area as the European Central Bank (ECB) prepares to unleash quantitative easing. In Italy, inflation was 0.1 per cent in February,
      Bloomberg; AFP  -  665 words
    • Article, Illustration
      Lock icon Weak data strains credibility of Abenomics
      840 24  -  Retail sales, household spending weakened in January; consumer price inflation also slowed By Anthony Rowley btworld@sph.com.sg Tokyo PRIME minister Shinzo Abe and Bank of Japan (BOJ) governor Haruhiko Kuroda were both forced into the defensive on Friday, as data revealed that the drop in
      BLOOMBERG  -  840 words
    • Article
      Lock icon India economy to expand by 8.1-8.5% in 2015: survey
      582 24 Reuters New Delhi INDIA can increase investment to drive economic growth without borrowing more, a key government report said on Friday, in an indication that finance minister Arun Jaitley will stick to debt targets in his maiden full-year budget on Saturday.
      Reuters  -  582 words
    • Article
      Lock icon Bank Indonesia comfortable with weakening rupiah
      203 25 Reu ters Jakarta INDONESIA’S central bank said it was not worried about the rupiah weakening as the currency fell near a 17-year low on Friday, and would intervene in the foreign exchange market when needed. The rupiah, along with other emerging Asian currencies, has
      Reuters  -  203 words
    • Article
      Lock icon Ringgit at risk on speculation of Malaysia govt fund’s debts
      445 25 Talk is that 1MDB will need a bailout Bloomberg Kuala Lumpur MALAYSIA’S task in propping up Asia’s worst-perform-ing currency just got a lot tougher. The cost of options protecting against further ringgit declines approached a 1 1/2-year high on speculation
      Bloomberg  -  445 words
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      66 23 HOT PROPERTY ROBERTSON GREAT WORLD MRT FH. Developer disc. Was $1.35m Now Fr $1.28M Opp River Valley Pri. 1-3 rm Good PACIFIC MANSION CONDO. 2 units. 1345 sf 1528 sf. Both 3 bdrms. Motivated seller. $2308 PSF!! 10AM-6PM. FH Brand New Cairnhill Urban Resort, 4rm 2530 sf PH 4919sf+pte pool.
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      148 25 0 Discover the joy of reading The Straits Times c 'in vra r vt >\ v 7 -7^ Choose from 6 amazing gifts when you subscribe now! le °o Vo re Print Online Smartphone Tablet Lenovo TAB 2 A7-10 HTC RE Camera THE STRAITS TIMES See more gifts and subscribe
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  • OPINION
    • Article, Illustration
      Lock icon Good intentions, bad consequences
      1702 26 / 27  -  Giving creates dependency when what’s really needed is conscious support of local business for truly sustainable solutions to poverty. By Robin Low By Robin Low ~The writer is the co-founder of Civil Innovation Lab, with projects in Haiti, Dominican Republic and Singapore. He would love to
      PHOTO: AFP  -  1,702 words
    • Article
      Lock icon Too complicated for banks’ own good
      750 26 / 27  -  By Aliette Leleux ~The writer is a managing director and head of Finance and Risk, Asia-Pacific, for Accenture THE top issues facing senior banking executives relate to complexity, according to the most recent Accenture High Performance Finance Study, which surveyed 617 finance executives globally
      750 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Can we retire in Singapore?
        1186 28 / 29  -  A basic retirement is within the reach of every Singaporean; many can also aspire to a better-than-basic one WEALTH MATTERS Christopher Tan ~The writer is CEO of Providend Ltd, a fee-based retirement planning firm investment manager. He is also a member of the CPF Advisory
        BT Graphics Source: Providend; PHOTOS: THE STRAITS TIMES  -  1,186 words
      • BROKERS' TAKE
        • Article
          Lock icon Yangzijiang Shipbuilding
          175 28 / 29 Buy DBS Group Research Feb 27 Feb 27 close: S$1.23 Target price: S$1.62 AT first glance, FY14 headline profit after tax and minority interests (Patmi) of 3.48 billion yuan (S$7.54.7 million) was largely in line with expectations. However, this included a 315 million yuan additional provision for Held-to-Maturity
          175 words
        • Article
          Lock icon UOL Group
          195 28 / 29  -  Compiled by Chan Yi Wen Hold OCBC Investment Research Feb 27 Feb 27 close: S$7.85 Target price: S$7.97 UOL’s FY14 profit after tax and minority interests (Patmi) decreased 13 per cent year on year to S$686 million mainly due to lower fair value gains on investment properties. Adjusted
          195 words
      • Article, Illustration
        Lock icon Hedge funds: mediocrity at great expense
        1496 30  -  Hedge funds have now substantially underperformed simple index funds By James Stewart NYT ANOTHER year, and another mediocre performance by hedge funds, to put it kindly. The Barclay Hedge Fund Index gained a meagre 2.89 per cent in 2014, while the Standard Poor’s 500
        NYT; PHOTO: BLOOMBERG  -  1,496 words
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  • LIFE & CULTURE
    • Article
      Lock icon World’s top 10 women golfers face off in HSBC tourney
      244 31  -  Also in the field will be defending champ Paula Creamer By Justine Moss btworld@sph.com.sg Singapore SOME of the biggest names in women’s golf will be in town next week for the eighth edition of the HSBC Women’s Champions. Newly-crowned world
      244 words
    • Article, Illustration
      Lock icon Citi senior bankers entertain clients with oldies and games
      220 31  -  By Arthur Lee arthurl@sph.com.sg Singapore SHOWING their can-do spirit, eight seniors from Citi’s Treasury and Trade Solutions (TTS) turned the clock back on stage at the Capella on Friday evening. They belted out familiar favourites from past decades in front of
      PHOTO: ARTHUR LEE  -  220 words
    • Article
      Lock icon Hong Kong’s ageing master tailors need a stitch in time
      409 31 Reuters Hong Kong BILL Clinton did it. So did Boris Johnson, the Mayor of London. For many tourists, even if they are not former US presidents, a trip to Hong Kong isn’t over till they pick up a made-to-measure outfit
      Reuters  -  409 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      337 31 CRYPTIC CROSSWORD Across 1 Sticky stuff covering lettuce is sugar (7) 9 Shoot a scene, initially in favourite city (8) 10 Wind and fog really throws regulars (7) 11 Good area with weak source of illumination (8) 12 Unlikely way of learning about return of the setter (6) 13 Make
      337 words
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  • Page 32 Advertisements
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      115 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
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