The Business Times, 2 March 2015

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Microfilm: NL33430
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, March 2,2015
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  • DAILY DIGEST
    • Article, Illustration
      Lock icon After a January disappearance
      39 1 the US stockmarket rally returned with a vengeance in February and should carry through into March, as long as jobs data does not change the outlook for the economy or interest rates. TOP STORIES 2
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    • Article
      Lock icon It literally pays
      30 1 to engage your workers. This year’s Aon Hewitt Best Employers award winners not only scored high in employee engagement, they also made higher profits. TOP STORIES 5
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    • Article
      Lock icon Support for the
      49 1 Beijing-based Asian Infrastructure Investment Bank is growing, with half a dozen countries joining the score that signed an MOU at the end of last year on joining the institution –making a total of 26 potential members, sources close to the project told BT. BANKING FINANCE 15
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    • Article
      Lock icon Billions of dollars
      36 1 of energy debt could be downgraded into the US junk market over the next 12 months, much of it from an oil sector struggling with the steep drop in crude prices. ENERGY COMMODITIES/16
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    • Article
      Lock icon After unemployment and deflation
      31 1 US Federal Reserve chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress to assert itself over monetary policy. GOVERNMENT ECONOMY 21
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    • Article
      Lock icon The Indian government’s Budget
      38 1 was praised on Sunday as balancing the need to boost business and to help the poor, but some experts were disappointed at a lack of big-bang reforms to Asia’s third-largest economy. GOVERNMENT ECONOMY 22
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    • Article
      Lock icon On Sunday
      29 1 the county transit system for the Seattle metropolitan area began hurtling down a road that few cities have travelled before: pricing tickets based on passengers’ income. TRANSPORT/23
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,402.86 -32.80 KL Comp 1,821.21 +13.34 Nikkei 225 18,797.94 +465.64 Hang Seng 24,823.29 -8.79 Shenzhen B 1,107.25 +5.18 Dow 18,132.70 -7.74
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  • Article
    Lock icon Singapore Inc’s foray abroad could add girth to earnings this year
    840 1  -  Govt data shows outward-oriented companies boost productivity by 5% per year versus just 1% annual growth for locally-focused firms By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE earnings profile of Singaporean companies with global ambitions could come into focus this
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  • Article, Illustration
    Lock icon Startups in Singapore kick off new year with a bang
    594 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore STARTUP activity in Singapore got off to a feverish beginning in 2 015, building a momentum that seems unlikely to subside through the rest of the year, observers have told BT. In just the
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      99 1 Hill 8 '*****1 *****4 HOCK LOCK SIEW Noble’s shock Q4 loss: Why no warning? TOP STORIES 5 TOPLINE Japfa ploughing a diversification route COMPANIES MARKETS 6 BUDGET 2015 Making Singapore future-ready VIEWS FROM THE TOP 12-13 HUE CRY OVER FUSION Violet Herbs’ affordable fine-dining concept aims to please DINING OUT
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  • TOP STORIES
    • Article, Illustration
      Lock icon Friday’s jobs data holds key to Feb rally extending into March
      917 2  -  Labour Department report expected to show employers having added some 230,000 positions last month WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg AFTER a January disappearance, the US stock-market rally returned with a vengeance in February and should carry through
      PHOTO: BLOOMBERG  -  917 words
    • Article
      Lock icon Feverish start to the new year
      249 2 Key themes that shaped January February for startups in S’pore Funding Selected startups that announced funding this year STARTUP WHAT IT DOES FUNDING Glints Internships S$475,000 seed ShopBack e-commerce US$500,000 seed ConneXionsAsia Workplace benefits US$8m Series A Crowdynews Social media curation S$3.95m Series A
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    • Article
      Lock icon Full-year results ended December 2014
      3085 4 NET PROFIT (S$M) TURNOVER (S$M) CURRENT COMPANY PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 DBS Grp 4046.0 3672.0 10.2 9816.0 9098.0 7.9 2 OCBC Bk 3842.0 2768.0 38.8 8340.0 6621.0 26.0 3 UOB 3249.0 3008.0 8.0 7457.0 6720.0 11.0 4 Keppel Corp 1884.8 1845.8 2.1 *****.0
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    • Article
      Lock icon Noble’s shock Q4 loss: Why no warning?
      868 5  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT WHEN the share price of commodities firm Noble Group stabilised very shortly after a selloff following the release of a report by short seller Iceberg Research a fortnight ago which attacked Noble’s accounting practices, the
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    • Article, Illustration
      Lock icon Best Employers show why it pays to engage workers
      564 5  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore IT pays to engage your workers. This year’s Aon Hewitt Best Employers award winners not only scored high in employee engagement, they also made higher profits. The winners scored 80 per cent in employee
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      354 2 The Netherlands Embassy and The Business Times jointly present The Business Times Leadership Conference 2015 Leadership In Sustainability: How Singapore Is Shaping Its Future Economic Policies Business Practices For its economic success over the last 50 years, Singapore owes a debt of gratitude to the late Dutch economist Dr. Albert
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  • Page 5 Advertisements
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      301 5 Diversify yourfunds Enjoy up to 4.30% p.a.* -0 Reap higher returns with Maybank Foreign Currency Time Deposit As o Mi 5o 50 jo*. 50 '5'. -t-. 50 50 50 v 50 5o 50 r 5o •50 5o 50 50 uO-w5o r 50 50 u !T 50 ST fyf I 5o
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  • COMPANIES & MARKETS
    • Article
      Lock icon JES to ask SGX for more time to report results
      317 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore JES International Holdings will ask the Singapore Exchange (SGX) for an additional month to report its 2014 results and to hold its annual general meeting because of issues related to its Chinese subsidiaries. JES,
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    • Article, Illustration
      Lock icon Ploughing a diversification route
      1186 6  -  Meat and dairy producer Japfa has expanded into China, India and Myanmar to get more stability. TOPLINE BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT Singapore A ROCKY poultry market in Indonesia has shown more than ever the need for diversification for Japfa Limited, and proven that it is
      PHOTO: ARTHUR LEE  -  1,186 words
    • Article, Illustration
      Lock icon Cogent donates S$100,000 for needy children
      209 6 Singapore COGENT Holdings on Saturday presented a cheque for S$ 100,000 to The Business Times Budding Artists Fund and The Straits Times School Pocket Money Fund to celebrate the logistics solutions provider’s fifth listing anniversary and Singapore’s 50th year of independence. The charities received
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    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds
      270 6 As at Feb 27, 2015 GROSS REDEMPTION YIELD YEAR RAISED NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT (S$m) COUPON RATE INTEREST YEAR RAISED ISIN CODE MATURITY DATE CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) 01.07.2015 N*****0S 2008 2 7/8 6300.00 1/1 1/7
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    • Article
      Lock icon Director activity falls while buybacks go up
      1639 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited THE director activity was low last week with only eight companies recording 20 purchases worth S$4.6 million and no sales, based on filings on the Singapore Exchange from Feb
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist WEEKLY Straits Times Index Feb 27,2015 3,402.86 -32.80 (-0.95%) Current streak 2 days Week high 3,440.83 Week low 3,402.86 52-week high 3,435.66 (Feb 20, 2015) 52-week low 3,073.40 (Mar 21, 2014) FTSE ST Catalist index Feb 27,2015 709.38 -7.06 (-0.99%) Current streak 1 day Week high 714.14 Week
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    • Article, Illustration
      Lock icon Markets appear to be struggling for direction
      613 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT FRIDAY’S decision by Germany to approve the bailout for Greece should have prompted a rally of some sort in Greek stocks but it didn’t instead, the country’s main index closed 3.6 per cent lower that day, bringing
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    • Article
      Lock icon STI STOCKS
      318 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 +1 252/242 263 213 5.8 6245 CapitaLand 359 -9 371/358 371 268 13.2 2.5 *****.7 CapitaMall Trust 211 -4 217/210 226 186.5 5.1 7319.6 CityDev 1023 cd -5 1041/1022 1118 907
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Feb 27,2015 818.38 -5.89 (-0.71%) Current streak 2 days Week high 826.34 Week low 818.38 52-week high 825.05 (Feb 6, 2015) 52-week low 748.83 (Mar 21, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Feb 27,2015 1,866.26 +19.53 (+1.05%) Current streak 1 day Week high 1,886.26 Week low 1,874.42 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low DBXT iBoxxKR US$ ***** 902.2 4.5 *****/***** IS S&P500 US$ ***** 609.2 2.2 *****/***** DBXT MSJAP US$ 4918 249.6 3.9 4918/4260 DBXT iBoxxSvEu US$ ***** 199.4 0.6 *****/***** DBXT MSKorea US$ 5747 157.4 2.1 6735/5484 BY PERCENTAGE CLOSE UP 52w high/low InterraResW*****8 3
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low DBXT AUDCS US$ ***** -3097.0 -11.8 *****/***** JMH USD 6450 -271.3 -3.0 6788/5530 DBXT Nifty US$ ***** -202.1 -1.0 *****/***** JSH USD 3480 -57.0 -1.2 3810/3227 DBXT MSTHAI US$ 2124 -51.6 -1.8 2225/1793 BY PERCENTAGE CLOSE DOWN 52w high/low NKY *****MBePW*****3 0.3 -84.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      69 8 VOL CLOSE($) CHANGE Moya Asia 17,754.4 0.047 +0.001 +2.17 Cogent 555.0 0.420 SingMedical 99.0 0.124 -0.002 -1.59 Albedo 2,690.0 0.009 TalkMed 26.1 1.020 Lizhong Wheel 104.9 0.230 Darco Water Tech 600.0 0.024 Select 220.2 0.405 -0.005 -1.22 GKE 30.0 0.075 -0.002 -2.60 Unionmet 1,921.1 0.047 +0.003 +6.82 Shows
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Golden Agri-Res 338,085,000 Digiland Intl 327,430,200 IHC 264,918,000 Xpress 259,387,700 Genting Sing 231,954,200 Market volume 6,768,268,000 VALUE SingTel 489,194,854 DBS Grp 426,725,944 OCBC Bank 316,882,181 UOB 281,030,607 CapitaLand 253,901,955 Market value 6,210,870,000
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    • Article
      Lock icon SGX ETFS Most Active
      112 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap Nikko AM STI ETF 346 -2 4617 351/346 422/311 345/346 8.3 IS MS India US$ US810 +8 1329 810/795 1000/580 807/810 101.3 DBXT MS SING US$ US129.8 +0.5 877 129.8/128.9 140.1/120.8 128.3/128.6 6.5 STI ETF 340
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    • Article
      Lock icon COMPANY MEETINGS
      76 8 COMPANY MEETING PLACE DATE TIME Cosmosteel Hldgs E Jurong Country club 9 Science Centre Rd 03-Mar 10.00am United Fiber system E Orchid Country Club Sapphire 1 2 1 Orchid Club Road 04-Mar 9.30am Blumont Grp E Seletar Room 3 (Level 3) Holiday Inn Singapore Atrium 317 Outram Road
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 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 SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 5 0 0 0 7 4 5 Manufacturing 64 85 32 11 16 8 75 101 40 Commerce 18 38 21 8 7 4 26 45 25 Tpt/Stor/Comms 14 21 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 158,438 158,438 481,010 481,010 Manufacturing 1,125,237 238,112 1,363,349 529,644 19,731 549,375 Commerce 721,211 98,072 819,283 479,625 4,554 484,179 Tpt/Stor/Comms 574,814 1,716 576,530 1,109,821 215 1,110,036 Finance 133,958 5,484 139,442 1,135,724 1,291 1,137,015 Construction 221,466 31,208
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    • Article
      Lock icon Volatile week for oil prices amid oversupply
      893 8 COMMODITIES AFP London OIL prices faced sharp volatility last week amid stubborn oversupply concerns, while metals aimed higher as Chinese trading picked up following the Chinese New Year, dealers said. Sentiment brightened partially on news that eurozone finance ministers backed an extension of
      AFP  -  893 words
    • Article
      Lock icon Eighth straight month of gains for the greenback
      415 9 CURRENCIES New York THE US dollar edged higher against the euro last Friday, building on the prior day’s sharp rally and closing February with its eighth consecutive month of gains. The greenback found support from the latest government estimate of economic growth
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    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Feb 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 4.899 0.697 6.060 48.323 100.978 0.932 8.584 2.827 1.034 79.569 34.450 1.060 8.992 0.741 24.576 25.284 0.506 0.781 Canada 1.025 5.023
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 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 US$/S$ FORWARD RATES
        22 9 Feb 27 S$ Bid Offer 1-month 1.3577 1.3591 2-months 1.3585 1.3601 3-months 1.3592 1.3606 6-months 1.3610 1.3627 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE WEEKLY
        4 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        372 9 Feb 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.28 *****.39 *****.64 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****9 Jun15 *****.00 *****.00 *****.00 *****.00 298 8283 MSCI TAIWAN INDEX FUTURES SPOT 360.58 360.58 356.68 Mar15 358.10 359.50 357.70 ***** *****1 Apr15 357.90 358.60
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        201 9 Feb 27 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC Bk MB eCW*****3 11.8 0.1 ***** 0.2 1050 6 Rowsley Ltd W*****3 3.8 unch ***** 1 18 20 DBS MB eCW*****0 11.5 -0.3 ***** 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Feb 27 Index Change Change Change Change Change Change World Preliminary 1343.3 0.1 5.3 0.4 6.7 0.2 3.9 EAFE Preliminary 1077.5 0.2 9.2 0.5 9.1 0.3 6.3 Europe Preliminary 1519.7 0.2 10.0
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Feb 27 $S Offer Bid 0vernight 0.10 0.05 1-month 0.6875 0.5625 2-months 0.6875 0.5625 3-months 0.8750 0.7500 Overnight mode: 0.45 US$ 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 9 Feb 27 (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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        Lock icon GOVERNMENT SECURITIES
        65 9 Feb 27 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-24 106.52 106.78 106.65 15-Year NY*****E 2.875 01-Jul-29 104.07 20-Year NZ*****V 3.375 01-Sep-33 110.08 110.55 110.50
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        225 9 Feb-27 Pm w* rinnjc Stiwtw IJUt flW Agricultural cm i is to c ww tOft-T* W F«027 r/WTir, <:«)i •niytMunOll ua (jnwli) iffti Uftl -iLA ’HUj Til's Giol yihmi c ca-nuliii) *|J6 «*> •iauXiM UFff ODauilitanii) ?33>iX VW1D ftr>* MM7 Iura (Watifst/taKiifti 3101 2AJ3’mw»n III I'l W/T11I1 1
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    • Article, Illustration
      Lock icon Relying on others – where does the buck stop?
      833 10  - Relying on others where does the buck stop? Good governance is everyone’s responsibility in a company; reliance on others is an essential process for decision-making by the board.BY BY VICTOR YEO T The writer is a member of the Publications Committee of the Singapore Institute of Directors IN performing their
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    • Article
      Lock icon PRIME LENDING RATES
      256 10 Feb 27 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 anz Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1729 10 Payment Ex Rec Pay Ann (cts) date date date date Adv Integrated Mufg ak 0.230 06-May 08-May 20-May 27-Feb AIMS Property (1 Sep-31 Dec 2014) ag 0.132 29-Dec 31-Dec 13-Mar 22-Dec AIMS AMP Cap Ind Reit (1 Oct-31 Dec 2014) ct 2.830 04-Feb 06-Feb 26-Mar 29-Jan Amtek Engg
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      Lock icon BROKERS’ RECOMMENDATIONS
      1602 10 Source: Thomson Reuters Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 1.50 2.00 2 9.85 14.82 1.66 1.46 Amtek Engineering Ltd 2.00 3.00 2 0.06 7.89 0.83 0.67 ARA Asset
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      77 6 ONLINE SALE www.oaks.com.sg Wine, Whisky, Sake, Champagne, Life Style and Wine ACCeSSOrieS Over 500 products available NEW IN; Italian Grappa Levi Serafino Moscato 2013 Now: S$115.00 Usual; S$ 165.00 Levi Serafino Ambrata 2005 Now; S$157.00 Usual: S$225.00 It'si I 'Discovery! The Oaks Cellars Pte Ltd k OA T K s
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  • Page 7 Advertisements
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      127 7 Confidence to expand That s what participants in international commerce can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies dcing business around the world partner with us to manage virtually every kind of risk. Changing currency valuations, energy
      127 words
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  • REAL ESTATE
    • Article
      Lock icon HK developer Sun Hung Kai’s profit falls 20% amid lower sales
      582 11 Group on track to meet HK$32b full-year sales target despite fewer projects completed in first half: Goldman BLOOMBERG Hong Kong SUN Hung Kai Properties Ltd, Hong Kong’s second-biggest developer by market value, said first-half underlying earnings sank 20 per
      BLOOMBERG  -  582 words
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      Lock icon China home prices decline in February: survey
      384 11 AFP Beijing CHINA’S housing prices fell in February, a survey showed on Saturday, renewing fears of weakening growth in the world’s second-largest economy. The average price of a new home in China’s 100 major cities fell 0.24 per cent from January to 10,539
      AFP; PHOTO: REUTERS  -  384 words
    • Article
      Lock icon Tax changes to help Reit sector in India
      376 11 Budget boost may spur US$20b of property development BLOOMBERG Mumbai INDIA announced tax code changes to help developers set up real estate investment trusts, measures that may help spur US$20 billion of property development. Reits “have an important role to revive construction
      BLOOMBERG  -  376 words
    • Article
      Lock icon Blackstone cashes out through Motel 6 CMBS
      588 11 IFR New York WHEN the final slug of a US$1.8 billion Motel 6 mortgage bond deal sold last Thursday, the Blackstone Group took its US$626 million equity in the low-cost lodging chain off the table. Some take a dim view of such large
      IFR  -  588 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      150 11 brother at your side f brother Your Trusted Partner in Business Solutions Mobile Printers Scanners IS H_” Monochrome Colour Laser LED Printers Multi-Function Centres (MFC) oo o With 25 years of providing quality and reliable imaging solutions in Singapore, Brother is the preferred partner of corporate businesses. Our 100 years
      150 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Making Singapore future-ready
      5078 12 THIS WEEK’S TOPIC: What are the biggest takeaways from the 2015 Singapore Budget for you as a business leader and a taxpayer? Max Loh Managing Partner, Asean and Singapore Ernst Young LLP BUDGET 2015 presses on with the consistent purpose of achieving both economic transformation and social
      PHOTO: AFP  -  5,078 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The road to riches isn’t just paved with keys of condos
      2475 14  -  Beginner investors should consider the illiquidity and high costs of investing in property and opt for stocks which are more affordable MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT AS the Central Provident Fund (CPF), Singapore’s pension scheme, was in
      FILE PHOTO; Source: URA; Compiled from Bloomberg on Feb 25, 2015  -  2,475 words
  • Page 14 Advertisements
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      105 14 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • BANKING & FINANCE
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      137 15 SMU Master of Science in Applied Economics YOUR BRIDGE TO STRATEGIC ECONOMIC MANAGEMENT Singapore's pioneering Master of Science in Applied Economics (MAE) programme is uniquely designed for people who make strategic economic decisions for their organisations. Equip yourself with advanced knowledge in economics and the essential economic skill sets to
      137 words
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  • ENERGY & COMMODITIES
  • Page 16 Advertisements
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      74 16 si* 5 %x ASIA’S LARGEST 1 Educational Kids’ Fair Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEE? TARGETS? CROW?! Join us at smartKi?s Asia 2015! Call us to enquire how we can
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      Lock icon Page 16 Advertisements Column 2
      42 16 REDEFINING IDEAS printpack+sign Singapore’s printing, packaging signage business exhibition ftj I? i M MOiim 29-31 JULY 2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF SjSl
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      20 16 Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Why international mobile rates are stuck in the past
      1083 17 Data roaming rates remain sky-high despite advances in the wireless communication industry BLOOMBERG New York THE future of the wireless industry will be shaped at Mobile World Congress this week. But amid all the changes brought on by smartphones, those travelling
      BLOOMBERG  -  1,083 words
    • Article, Illustration
      Lock icon Phone firms look beyond the handset at top mobile fair
      574 17 AFP Madrid PHONE makers will seek to seduce new buyers with even smarter Inter-net-connected watches and other wireless gadgets as they wrestle for dominance at the world’s biggest mobile fair starting Monday. Along with the launches of numerous new smartphones
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      Lock icon Vivendi plans dividend, share buyback after selling rest of SFR
      518 17 REUTERS Paris FRENCH media group Vivendi will reward shareholders with a share buyback and a generous dividend after agreeing to sell its remaining stake in telecoms group SFR to cap two years of asset sales. Vivendi said last Friday that
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      Lock icon BOE to assess whether issuing digital currency will boost stability
      311 17 BLOOMBERG London THE Bank of England (BOE) will research whether issuing a digital currency such as Bitcoin would help it achieve its monetary policy, financial stability and regulatory goals. The technology underlying existing digital currencies “may have considerable promise”, the
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      Lock icon Google backflips on Blogger sexual content ban
      214 17 AFP Washington DAYS after announcing a ban on sexually explicit content or “graphic nudity” on its Blogger platform, Google has reversed course. Google said Friday that after a barrage of public comments, it decided not to implement the ban, but instead would step
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      Lock icon Fashionable or geeky: the modern watch dilemma
      619 18 Watchmakers and technology developers are racing to find a way to win over the female market AFP Milan IT’S Milan Fashion Week, you’ve got tickets to the catwalk shows, and an outfit to die for. But which watch to wear? A chunky smartwatch
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      Lock icon Data breach exposes information about 50,000 Uber drivers
      297 18 BLOOMBERG New York UBER Technologies said its database was accessed by an unauthorised third party last year, resulting in the possible theft of information on 50,000 drivers. The drivers, who are part of Uber’s mobile car-booking network, were notified and Uber took
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      Lock icon Airbnb valued at US$20b in latest fund raising, say sources
      226 18 BLOOMBERG NEW York AIRBNB Inc is raising money from investors in a financing round that would value the room-sharing service at US$20 billion or more, according to sources. Airbnb may bring in about US$1 billion in the funding, said the
      BLOOMBERG  -  226 words
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      28 17 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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      38 18 f m MADDY, JASON 5^ ts°S&jaotsooo»<i ARNOLD m IN THE MORNING MLt’ K. <»•» i !.W Ift TO AC NIELSEN RADIO SURVEY. WAVE 2,2014 WEEKDAYS 6-10AM facebook.com/kiss92fm B 0kiss92fm www.kiss92.sg Download on the AppStore ANDROID APR ON Google play
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  • CONSUMER
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      Lock icon Tupperware’s sweet spot shifts to Indonesia
      763 19 Indonesia has overtaken Germany as the top market for the plastic storage bowls NYT Jakarta THE party had the feel of 1960s America, almost. A group of housewives, thrilled to get a break from the daily routine of hanging laundry and shuttling their children
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      Lock icon Global award, TV drama boost Japanese whisky’s golden touch
      643 19 AFP Tokyo WHISKY demand is rocketing in Japan, with producers scrambling to increase production as a period drama about the dram has the country hooked and after a homegrown single malt scooped the honours in a world taste test. Sales have
      AFP; PHOTO: AFP  -  643 words
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      Lock icon APACTix eager to impress with services at SEA Games in June
      542 19  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AS the new kid on the block in Singapore’s ticketing market, APACTix is banking on its strength in customer service as it looks to gradually build its reputation here. It’s been nearly two
      PHOTO: APACTIX  -  542 words
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      1719 19 THE BUSINESS TIMES NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares KEPPEL *****74 FOK YEW HENG 1 x 5,000 CORPORATION LIMITED NOTICE IS HEREBY GIVEN that
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  • GOVERNMENT & ECONOMY
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      Lock icon ECB to unveil details of QE programme
      766 20 Analysts also expect bank’s decision-making body to discuss Greece at Thursday’s meeting in Cyprus AFP Frankfurt THE European Central Bank (ECB) will unveil the details of the bond purchase programme that it is embarking on later this month at its next meeting, but
      AFP  -  766 words
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      Lock icon Germany at the centre of twin European crises, but reluctantly
      679 20 NYT Berlin GERMANY has become Europe’s indispensable nation, at the centre of crises over Ukraine and Greece. But a country uncomfortable with leadership, often labelled a reluctant hegemon, has had a rocky month. Chancellor Angela Merkel was praised for trying
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      Lock icon Kremlin critic wanted to dish the dirt
      697 20 REUTERS Moscow HOLDING placards declaring “I am not afraid”, thousands of Russians marched in Moscow on Sunday in memory of Kremlin critic Boris Nemtsov, whose murder has widened a split in society that some say could threaten Russia’s future. Families, the old and
      REUTERS; PHOTO: REUTERS  -  697 words
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      Lock icon Three held after anti-China protest in HK
      288 20 REUTERS Hong Kong AT least three people were arrested as a group of about 400 people in Hong Kong clashed with police in the latest sign of ongoing tensions caused by China’s influence in the city. Protesters in Yuen Long, in Hong Kong’s
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      Lock icon Republicans’ audit move set to challenge Fed’s independence
      778 21 New ‘Audit the Fed’ bill would allow any legislator to examine monetary policy activities of the US central bank AFP Washington AFTER unemployment and deflation, Federal Reserve chair Janet Yellen finds herself in her toughest battle yet, fighting a push by Congress
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    • Article
      Lock icon Where banks pay interest to borrowers and charge depositors
      1187 21 NYT Hvidore, Denmark AT first, Eva Christiansen barely noticed the number. Her bank called to say that Ms Christiansen, a 36-year-old entrepreneur here, had been approved for a small-business loan. She whooped. She danced. A friend took pictures. “I think I
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      Lock icon Macau’s fortunes dip as New Year gamblers fail to show up
      960 21 BLOOMBERG Beijing XU Meihua joined hundreds of thousands of fellow Chinese tourists who travelled to Macau over Lunar New Year last week. She wasn’t there to gamble though. The 58-year-old accountant dropped by casinos owned by Wynn Macau, Sands
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      Lock icon India budget criticised for lacking big-bang reforms
      619 22 But it also earns praise for balancing the need to boost business and to help the poor, and for forging ahead with efforts to boost growth AFP New Delhi THE Indian government’s budget was praised on Sunday as balancing the need to boost
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      Lock icon South Korean exports post worst decline in 2 years
      432 22 REUTERS Seoul SOUTH Korean exports last month suffered their worst fall in two years on weaker sales to Europe and China, lower oil prices and long holidays, but the government said global demand showed some signs of recovery. Exports in February
      REUTERS  -  432 words
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      Lock icon Ebola returns to Sierra Leone capital from the sea
      1508 22 NYT Freetown, sierra Leone IT seemed as if the Ebola crisis was abating. New cases were plummeting. The president lifted travel restrictions, and schools were to reopen. A local politician announced on the radio that two 21-day incubation cycles had passed
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      Lock icon India’s ruling Hindu party to share power in Kashmir
      653 22 AFP Jammu, India INDIA’S ruling Hindu nationalist party was on Sunday sworn into government in the country’s only Mus-lim-majority state for the first time after a historic power-sharing deal with a bitter regional rival. Narendra Modi hailed the partnership between his
      AFP  -  653 words
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      318 20 www.omy.sg lift*? Ik a* niFJfri t'C o □u The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VIVENDI GAMES ASIA PTE. LTD. (In Voluntary Liquidation) (Company Registration No. *****2892K) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which
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      303 20 Ho Seng Foo Senior Vice President Retail Dealing CIMB Securities (Singapore) Pte Ltd Global markets have been enjoying a good run for the past few years with the major indices, such as the Dow Jones Industrial Average and S&P 500, breaking record highs. The Straits Times Index (STI) is no
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      215 21 Is there a direct link between a fall in the oil price and the performance of shares? Historically, cheaper oil has been bad for energy stocks but good for many other types of shares. Join us for a full day course to hear and learn from our popular investment guru,
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  • TRANSPORT
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      Lock icon Seattle targets inequality – on public transit
      925 23 Seattle targets inequality on public transit Its transit system, which is starting a project pricing tickets based on passengers’ income, is being closely watched around the nation NYT SeaTac, Washington ON Sunday, the county transit system for the Seattle metropolitan area began hurtling down a road that few cities have
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      Lock icon British Airways parent IAG posts 81% surge in 2014 profit
      677 23 NYT Paris PROFIT at International Airlines Group, the parent company of British Airways, leapt by 81 per cent last year, bolstered by strong passenger demand on its key routes across the Atlantic and a turnaround at its once-struggling Spanish carrier,
      NYT; PHOTO: AFP  -  677 words
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      Lock icon Bombardier’s CS300 flies into a tough market, say analysts
      446 23 REUTERS Mirabel, Quebec BOMBARDIER Inc launched a test flight of its CS300 jet on Friday, the larger version of its new CSeries nar-row-body aircraft, in a milestone for the long-delayed programme that analysts and investors say may have missed its moment.
      REUTERS; PHOTO: REUTERS  -  446 words
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      Lock icon Australia, Malaysia and Indonesia trial new plane-tracking system
      399 23 AFP Sydney AUSTRALIA said on Sunday it was trialling a “world first” system with Malaysia and Indonesia that increases the tracking of aircraft over remote oceans, allowing the authorities to quickly react to abnormal situations such as the disappearance of Malaysia Airlines
      AFP  -  399 words
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      Lock icon Hyundai recalls almost 205,000 Elantra cars over power steering loss
      441 23 NYT New York HYUNDAI is recalling almost 205,000 of its Elantra cars because the power steering could suddenly stop working, making the vehicle harder to turn, according to a report from the automaker posted on Saturday on the National Highway
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    1935 24 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR OCEAN SEAGULL 42 60 9/3 10/3 14/3 16/3 MALAYSIA STAR 43 50 10/3
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      104 24 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via spn maritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
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  • DINING OUT
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      Lock icon Hue and cry over fusion
      925 25  -  Violet Herbs’ purple-soaked digs may be a tad overwhelming but chef-owner Edward Hoe’s affordable fine-dining concept aims to please.BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Violet Herbs 81 Tras Street Tel: 6221 3988 Open daily for lunch and dinner: 11.30am to 3pm;
      PHOTOS: PURPLE HERBS, JAIME EE  -  925 words
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      349 25 STProperty EVE CITS STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 Date: Saturday Sunday 18- 19 April 2015 Venue: SUNTEC Singapore Convention Exhibition Centre Level 3 Rooms 300-304 308-312 Time: 11.00am to 4.00pm Registration starts at 10.30am All prices are inclusive of GST
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