The Business Times, 13 February 2016

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Microfilm: NL33777
Total Pages: 41
1 32 The Business Times
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      63 1 THE BUSINESS TIMES WEEKEND FEBRUARY 13-14 2016 BT LivingTHE WORLD, THEIR OYSTER Women channel passion into startups L2-4 PHOTOS: HARPREET BEDI, LAURA NG, SKETCH POST WORLDTRAINER DINING New Euro-centric concepts L5-7 WATCHES Still a man’s world L8-10 MOTORING New face of luxury L14 STYLE To wear and to hold L11
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  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon The world, their oyster
        2330 2 / 3  -  Armed with confidence and determination, these four women channel their passion into successful startups. By Cheah Ui-hoon By Cheah Ui-hoon uihoon@sph.com.sg Seeing value in graphics Bernie Quah www.sketchpost.com SO, you like drawing illustrations. Imagine if you could make use of it as a corporate tool rather
        PHOTO: LAURA NG  -  2,330 words
    • DINING
      • Article, Illustration
        Lock icon EURO-CENTRIC
        2157 5  -  Despite mounting challenges, four newcomers have arrived on the competitive F&B scene armed with their own modern European concepts. By Rachel Loi and Tan Teck Heng By Rachel Loi, Tan Teck Heng Rooting for veggies Roots Kitchen Bar 30 Dickson Road Z6291 5679 Open Wed to Mon, 11am 11pm,
        PHOTO: LAURA NG; PHOTOS: LAURA NG; PHOTOS: YEN MENG JIIN; PHOTOS: LAURA NG  -  2,157 words
      • Article
        Lock icon wine & dine
        717 6 / 7 wine dine with BTWeekend Aquamarine Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z6845-1111 Love is in the air Marina Mandarin Singapore is bent on creating the right chemistry for you and your special someone this Valentine’s Day. Atrium Lounge takes the lead to immerse Valentine’s Day couples in an atmosphere
        717 words
    • WATCHES
      • Article, Illustration
        Lock icon Still a man’s world
        2161 8 / 9  -  Men watches hog the limelight at the annual Salon International de la Haute Horlogerie, but the ladies are not neglected. By Chuang Peck Ming By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT MEN timepieces still dominate the annual Salon International de la Haute Horlogerie (SIHH), where new luxury
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    • STYLE
      • Article, Illustration
        Lock icon To wear and to hold
        951 11  -  With gold prices seemingly on an unstoppable uptick, savvy shoppers now have an excuse to snap up baubles wrought from the precious metal. By May Yip By May Yip THERE seems to be a glimmer of hope in these uncertain times: after all, the recent
        951 words
    • TRAVEL
      • Article, Illustration
        Lock icon The great Kiwi outdoors
        1263 12 / 13  -  Be wowed by New Zealand’s wide variety of activities, open spaces, unique sights and friendly and helpful people. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT THE Lord of the Rings and The Hobbit trilogies have long stopped screening in theatres, but New Zealand,
        PHOTOS:TAY SUAN CHIANG, ZIPTREK ECOTOURS, SIDNEY GO, TOURISM NEW ZEALAND  -  1,263 words
    • MOTORING
      • Article, Illustration
        Lock icon NEW FACE OF LUXURY
        683 14  -  The Lexus ES has had a facelift, resulting in an even more premium look and feel. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT may be well-known for its spacious and comfy interior, but its exterior styling was beginning to look a little bland compared with
        683 words
      • Article, Illustration
        Lock icon FAMILY TIES
        600 15  -  The Kadjar crossover uses the Renault family’s powertrain but displays a different character. By Samuel Ee By Samuel Ee samuelee@sph.com.sg HAVE you ever met two brothers from the same set of parents who are so different from each other that it made you go: “I wonder what happened?”
        600 words
    • GOLF
      • Article, Illustration
        Lock icon Koh to tee up at Championship M’sia
        430 16  -  Vietnam’s Michael Tran, Indonesia’s George Gandranata and Myanmar’s Zaw Zaw Latt will also play By Justine Moss SINGAPOREAN professional Koh Deng Shan will get another chance to tee it up against some big European and Asian names next week. The Maybank Malaysia Championship
        430 words
      • Article, Illustration
        Lock icon Fate of golf courses in land-scarce Singapore
        601 16  -  By Justine Moss BACK in January 2013, a population white paper was released by the National Population and Talent Division to set out key considerations and a roadmap for Singapore’s population policies to address the country’s demographic challenge. Focus has been on developing
        601 words
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  • Title Section
    Lock icon Masthead
    22 1 weekend THE BUSINESS TIMES www. sinesstime .com. g FEBRUARY 13-14, 2016 S$1.00| S$1.00| MCI (P) 040/08/2015 SCTl A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon Dating apps still look for money match
    765 1  -  Despite what looks like a blooming sector, investors in Singapore are split on whether to buy into mobile dating By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE Beatles famously sang “money can’t buy me love”. But just last year, love-seeking individuals in the US
    765 words
  • Article, Illustration
    Lock icon Watch business stays downbeat
    814 1  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore LIKE the rest of Asia, Singapore’s presence was noticeably reduced at this year’s Salon International de la Haute Horlogerie (SIHH) in Geneva even though the number of exhibitors at the luxury watch fair jumped 60 per cent from a
    PHOTO: REUTERS; PHOTOS: REUTERS  -  814 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      51 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Living L2-4 Dining L5-7 Watches L8-10 Style L11 Travel L12-13 Motoring L14-15 Golf
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    • Article
      Lock icon MARKETS
      135 2 GSTI 2,539.95 (+1.67) GSTI FUTURES 2,541.00 (+2.00) GSIMSCI 285.76 (+0.56) GSIMSCI FUTURES 286.75 (+2.00) STOCKS Friday Change KL COMP 1,643.74 -0.21 NIKKEI 225 14,952.61 -760.78 HANG SENG 18,319.58 -226.22 SET 1,276.49 -4.25 JAKARTA 4,714.39 -61.47 MANILA 6,654.45 -8.98 KOSPI 1,835.28 -26.26 SHENZHEN B Closed MUMBAI 22,986.12 +34.29 10.45 EST
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    • Article, Illustration
      Lock icon Love App-tually
      306 2  -  BT speaks with users of dating apps to suss out the mobile dating scene in Singapore. BY JACQUELYN CHEOK BT Infographics BY JACQUELYN CHEOK Stigma A 31-year-old food entrepreneur met her same-aged boyfriend, an executive at a German bank, through Coffee Meets Bagel. When asked by friends, the
      BT Graphics: Jacquelyn Cheok & Lynette Neo  -  306 words
    • Article
      Lock icon Taro Aso’s comments stoke talk of yen intervention
      832 3  -  Finance minister says the G-20 will ‘study policy cooperation’ in Shanghai this month By Anthony Rowley btworld@sph.com.sg Tokyo SPECULATION about official intervention to stem the yen’s dramatic rise intensified on Friday, with Minister of Finance Taro Aso saying that the G-20 finance
      832 words
    • Article, Illustration
      Lock icon High Court dismisses Stanley Tan’s S$34m claim against UBS
      566 4  -  Judge rules that the bank acted on his instructions when it terminated accumulators By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE High Court has dismissed the lawsuit filed by Global Yellow Pages’ chief executive seeking damages of almost S$34 million from Swiss
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    • Article, Illustration
      Lock icon Engineering needs to be a more attractive career choice: PM Lee
      498 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong visited Silicon Valley in California on Thursday (Friday morning, Singapore time), where he chatted with Singaporeans working at Google. Many of them are engineers at the Internet giant,
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    • Article
      Lock icon Singtel’s Q3 net profit dips to S$954m on forex woes, investments
      1046 5  -  Operating revenue, also hit by exchange rate fluctuations, rises 1.1% to S$4.47b By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore ADVERSE currency fluctuations and investments, both in spectrum and core capabilities, resulted in Singapore Telecommunications’ (Singtel) third-quarter net profit falling
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    • Article, Illustration
      Lock icon With prize in sight, Brexit camp risks dashing its dream
      1034 6 Two groups bickering and vying to be chosen by electoral watchdog as official “out” body Reuters Witham, England STRIDING through a housing estate in the drizzle to hand out leaflets, 52-year-old builder Kevin Lovett throws up his arms in despair
      Reuters; PHOTO: REUTERS  -  1,034 words
    • Article, Illustration
      Lock icon Want to trade on Valentine’s Day? Here are some tips
      527 7  -  SATURDAY SOAPBOX Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent POOR you. Your world has been stuck in a low-interest-rate environment for many years. There is plenty of liquidity elsewhere, but none is flowing your way. You really want someone to sign a
      ILLUSTRATION: LUDWIG ILIO  -  527 words
    • Article, Illustration
      Lock icon Americans seen blowing US$1.1b on sweets, mostly chocolate, on Feb 14
      364 7 Bloomberg New York IT’S Valentine’s Day this Sunday, and Americans will buy US$1.1 billion of confectionery to mark the occasion, the Washington-based National Confectioners Association has said. This is up 2.6 per cent from last year and the most
      Bloomberg; PHOTO: BLOOMBERG  -  364 words
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      249 3 1 HEART TO HEART TALK Diagnosis Treatment Prevention Learn about your heart’s health and how to take better care of your heart. Led by Dr Michael Lim, internationally renowned Interventional cardiologist and regular contributor of “Health” articles featured in The Business Times Weekend every fortnight. Date: 20 th February 2016
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      80 7 NOTICES Beta Photon Limited (In Voluntary Liquidation) Company No. (*****05) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 18th January, 2016. The Liquidator is HANUTAMA CAHYA RAHARDJA of GREEN
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Bringing knowledge to the masses
      2745 8 / 9  -  Coursera CEO Richard Levin is at the vanguard of a move to democratise access to high quality education. By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT THE names of three leading universities Stanford, Oxford and Yale grace the curriculum vitae of Richard Levin. He has degrees from
      PHOTO: LAURA NG  -  2,745 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon ComfortDelGro posts 6.5% increase in full-year profit
      508 10  -  Revenue, though eroded by currency volatility, up 1.5% at S$4.11b By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore NET profit of transport operator ComfortDelGro grew by 6.5 per cent to S$301.9 million for the year ended Dec 31, 2015, the group said on Friday. The
      ST FILE PHOTO  -  508 words
    • Article
      Lock icon Tat Hong’s Q3 hit by across-the-board weakness
      383 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore TAT Hong Holdings fell into a net loss of S$6.7 million, or 1.06 Singapore cents per share, in its fiscal third quarter on weak demand in South-east Asia and Australia. The crane operator had a profit of
      383 words
    • Corporate digest
      • Article
        Lock icon AusGroup, Nam Cheong and Raffles United
        106 10 AUSGROUP, Nam Cheong and Raffles United Holdings are warning of net losses for their latest financial periods ended December 2015. AusGroup, an oil and gas and mining engineering company, said it expects a net loss for the quarter and half-year ended December 2015. Offshore
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      • Article
        Lock icon Bukit Sembawang
        47 10 RESIDENTIAL property developer Bukit Sembawang recorded a net profit of S$24.3 million for its third quarter ended Dec 31, 2015, down 25 per cent from S$32.4 million a year ago. Revenue was down 57 per cent to S$42.6 million from S$98.8 million a year ago.
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      • Article
        Lock icon Eu Yan Sang
        68 10 TRADITIONAL Chinese medicine seller Eu Yan Sang International reported on Friday that its net profit fell 75 per cent to S$498,000 for the fiscal second quarter ended Dec 31, 2015, from about S$1.98 million a year ago. Revenue inched up one per cent to about S$85.61 million.
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      • Article
        Lock icon AusNet Services
        48 10 AUSNET Services has agreed to buy Mortlake Terminal Station in Western Victoria, Australia from Origin Energy for A$110 million (S$108.9 million). Including the estimated stamp duty, the acquisition of the terminal station, which connects Origin’s Mortlake Power Station to Victoria’s electricity market, amounts to A$116.5 million.
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    • Article, Illustration
      Lock icon STI loses 3.2% in week on weakness in oil, Japanese and US stocks
      536 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent JAPAN slashed its interest rates into negative territory and instead of the yen weakening and the stock market rising, the reverse has occurred Japanese equities have collapsed and according to
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    • Article
      Lock icon DBS, OCBC, Julius Baer said to have made bids for Barclays’s Asia wealth unit
      251 11 Reuters Singapore SINGAPORE’S DBS Group Holdings and Oversea-Chinese Banking Corporation, as well as Swiss bank Julius Baer, have submitted non-binding bids for Barclays’ Asian private wealth business, people familiar with the matter said. First-round bids for
      Reuters  -  251 words
    • Article
      Lock icon GAINERS
      73 11 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 294.2 1.8 *****/***** JSH USD 2792 30.7 0.8 3590/2524 Lyxor Nasdaq US$ 1573 22.3 1.0 1865/1557 Great Eastern 1960 15.0 0.8 2595/1870 Keppel Corp 484 10.0 2.1 954/464 BY PERCENTAGE CLOSE UP 52w high/low ChinaSing Inv 1.4 366.7 1.1 3.1/0.3
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    • Article
      Lock icon LOSERS
      74 11 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4031 -244.0 -4.2 5277/4031 DBXT S&P500 US$ 3126 -218.9 -4.8 3626/3126 SPDR DJIA US$ ***** -206.4 -0.9 *****/***** JMH USD 5323 -104.6 -1.4 6700/4500 DBXT E50 US$ 3968 -93.4 -1.7 5300/3968 BY PERCENTAGE CLOSE DOWN 52w high/low Plato Capital 8.4
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    • Article
      Lock icon MOST ACTIVE
      36 11 VOLUME StratechGroup 70,596,700 Magnus Energy 60,526,500 Noble 44,041,500 HPH Trust USD 43,017,900 LionGold 32,519,500 Market volume 1,071,454,000 VALUE DBS Grp 126,020,529 JMH USD 93,798,442 Singtel 93,413,967 OCBC Bank 57,808,638 UOB 52,781,688 Market value 1,163,274,000
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    • Article
      Lock icon MoneySmart.sg, OCBC offer home loan priced off fixed deposit rate
      292 11 Singapore ONLINE personal finance portal MoneySmart.sg on Friday said it would offer a home loan rate from OCBC at a three-year promotional rate of 1.63 per cent, meant to be the lowest in town for mortgages linked to a fixed
      292 words
    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 235 +4 237/232 271 209 6.2 6172.8 CapitaLand 282 -3 288/280 379 267 10.3 3.2 *****.4 CapitaMall Trust 205 -3 209/205 228 184.5 5.5 7125.9 CityDev 684 +4 686/672 1095 661 8.2
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    • Article
      Lock icon SGX ETFs Most Active
      107 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 256 415 257/255 355/254 255/256 Nikko AM STI ETF 261 +1 113 262/260 361/259 260/262 6.3 DBXT MSCHINA US$ US1002 +2 92 1007/995 1750/995 998/1002 ABF SG Bond ETF 116.5 +1.5 78 117/115 123.5/110.2
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      794 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 8 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) First REIT 10-Feb-16 Tan Keh Poo *Buy 102 1.16 ***** 1.46 ***** 1.48 Liongold Corp 10-Feb-16 Tan
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 4 1 0 0 10 4 4 Manufacturing 28 37 28 7 5 10 35 42 38 Commerce 12 19 16 7 1 5 19 20 21 Tpt/Stor/Comms 15 14 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,059 3,369 20,428 53,965 604 54,569 Manufacturing 66,417 46,466 112,883 65,888 972 66,860 Commerce 67,206 18,729 85,935 149,969 483 150,453 Tpt/Stor/Comms 146,084 754 146,838 212,761 62 212,822 Finance 26,531 38 26,569 257,708 5 257,713 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Feb 12 VALUE CLOSE BT OB/OS -214.00 -90.00 BT CADI -*****.00 -41.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 626.89 -2.72 FTSE ST Small Cap 370.54 -1.09 FTSE ST All Share 629.34 -0.32 FTSE ST China Top 145.74 -1.03 FTSE ST China 173.49 -1.48 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE Plato Capital 10.0 0.084 -0.060 -41.67 Nico Steel 61.4 0.044 -0.017 -27.87 Infinio 1,500.9 0.003 -0.001 -25.00 Magnus Energy 60,526.5 0.003 -0.001 -25.00 Stamford Tyres 132.1 0.265 -0.020 -7.02 KimHeng Offshore 363.8 0.073 -0.014 -16.09 Metro 2,211.5 0.935 +0.065 +7.47 CNMC Goldmine 2,173.2 0.240 +0.015
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Feb-11 Price Net change change Last Trade Agricultural Feb-11 CBOT Soybeans (US cents/bu) 873.50 11.25 1.30% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.59 0.58 1.87% 14/03/2016 CBOT Wheat (US cents/bu) 458.25 -3.00 -0.65% 14/03/2016 Feb-11 LIFFE Cocoa (£/tonne) 2012.00 -34.00 -1.66% 14/03/2016 LIFFE Coffee (US$/tonne) 1382.00 -10.00 -0.72%
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    • Article
      Lock icon PALM OIL
      57 13 Feb 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 16 2525.0 2490.0 2525.0 2467.0 49 1366 Mar 16 2548.0 2532.0 2595.0 2545.0 2993 ***** Apr 16 2619.0 2596.0 2642.0 2611.0 ***** ***** May 16 2615.0 2592.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Feb 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.6 100.68 100.65 5-Year NX*****X 2.250 01-Jun-21 102.48 10-Year NX*****Z 2.375 01-Jun-25 102.55 103.20 102.60 15-Year NZ*****F 2.875 01-Sep-30 105.1 106.10 105.15 20-Year NZ*****V 3.375 01-Sep-33 112.18 114.00 112.00
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Feb 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9890 0.9898 0.7093 0.7094 Canadian dollar 1.0011 1.0022 0.7183 0.7180 Euro 1.5736 1.5752 1.1285 1.1289 NZ dollar 0.9288 0.9298 0.6661 0.6664 Sterling pound 2.0233 2.0249 1.4510 1.4512
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    • Article, Illustration
      Lock icon STOCK MARKETS
      126 13 Straits Times Index ‘16 YTD change: -11.89% 52-week high: 3,539.95 on April 15, 2015 52-week low: 2,532.70 on Jan 21, 2016 Source: Bloomberg Source: Bloomberg Hang Seng Index Source: Bloomberg ytd change: -16.40% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai
      Source: Bloomberg  -  126 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      209 13 Most active Feb 12 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left Secura Group W*****5 2.5 -0.1 ***** 1 35 74 8.60 35 UOB MB eCW*****5 9.2 0.7 6390 0.1 1890 5 KepCorp MB eCW*****1 6.9 0.6 4720
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Feb 11 Index Change Change Change Change Change Change World Preliminary 1112.8 -1.9 -12.9 -1.8 -13.7 -1.6 -12.0 EAFE Preliminary 858.4 -2.1 -15.3 -1.4 -14.6 -1.1 -12.9 Europe Preliminary 1201.8 -3.2 -14.9
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    • Article
      Lock icon Lower expenditure helps SATS post stronger profit
      474 14  -  Q3 net profit rises 12.8% to S$60.6m despite revenue slipping 2.2% By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore GROUNDHANDLER SATS has reported a net profit of S$60.6 million for the third quarter of the 2016 financial year, up 12.8 per cent from S$53.7 million
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    • Article, Illustration
      Lock icon UOB raises S$1.16m for local charities
      275 14  -  By Grace So graceso@sph.com.sg Singapore UOB and its clients raised more than S$1 million for local charities during the bank’s annual Chinese New Year dinner. The fund-raiser took place on Friday evening at the Pan Pacific Hotel. In attendance were more than 1,000 local
      PHOTO: UOB  -  275 words
    • Article
      Lock icon Construction, property development buoy Sim Lian’s Q2 profit
      476 14  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore STRONG improvements in its revenue from both the property development and construction divisions enabled Sim Lian Group to book a 59 per cent increase in sec-ond-quarter net profit to S$40.49 million from S$25.48 million in the
      476 words
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      Lock icon Page 11 Advertisements Column 1
      26 11 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Currency players forced to pare US$ forecasts
      761 17 Market turmoil and central banks’ actions reverse currency rally Bloomberg New York CURRENCY forecasters are getting steamrolled by the US$5.3 trillion a day market as traders all but abandon bets that monetary policy divergence between the world’s major central banks will fuel a
      Bloomberg; PHOTO: AFP  -  761 words
    • Article
      Lock icon Asia’s rich told to buy yen as BOJ’s negative rates backfire
      578 17 Bloomberg Singapore MONEY managers for Asia’s wealthy families are favouring the yen as it benefits from the turmoil in global financial markets. Credit Suisse Group AG is advising its private banking clients to buy the yen against the euro
      Bloomberg  -  578 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Oil rebounds from lowest close in 12 years
      614 18 Futures rise as much as 5.9% as Opec signals willingness to engage with other producers Bloomberg London OIL rebounded from its lowest level in more than 12 years, paring its biggest weekly loss in a month as the rout in equities eased
      Bloomberg; PHOTO: REUTERS  -  614 words
    • Article
      Lock icon Felda to use unlisted unit in bid to buy Rajawali stake: sources
      579 18 Reuters Kuala Lumpur MALAYSIAN state-owned conglomerate Felda will use an unlisted unit to buy into Indonesian tycoon Peter Sondakh’s debt-burdened Rajawali Group, sources familiar with the matter said, seeking to avoid heavy investor criticism that scuttled an attempted
      Reuters  -  579 words
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      Lock icon Page 18 Advertisements Column 1
      124 18 (LOVE J ransforming special days into tangible mementos! Turn digitised front page newspapers of your special days, such as your first date, first family holiday, or wedding anniversary, into unique gifts of love this Valentine's Day. Or if your loved one’s story has been featured, surprise them by making a
      124 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Google says it’s free from UK’s ‘Google Tax’
      929 19 Tech giant cites settlement with the country’s tax authorities Bloomberg London GOOGLE’S top global tax executive told UK lawmakers that a new UK tax provision dubbed “the Google Tax” will not actually apply to the US technology giant. The law, officially the
      Bloomberg; PHOTO: AFP  -  929 words
    • Article
      Lock icon Airbnb accused of misleading public by purging NY listings
      631 19 NYT New York IN December, Airbnb released a trove of data which showed that about 95 per cent of its hosts in New York City were playing by the rules. But an independent report released on Wednesday cast a shadow on
      NYT  -  631 words
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  • CONSUMER
    • Article
      Lock icon MTV to resurrect its news division
      588 20 It has hired over 20 journalists to cover pop culture and politics, hopes to prop up Viacom Bloomberg Los Angeles MTV, looking to reclaim the grip it held on youth culture with personalities such as correspondent Kurt Loder, has hired several journalists to re-invigorate
      Bloomberg  -  588 words
    • Article, Illustration
      Lock icon UK whisky makers voice their opposition against Brexit
      774 20 Bloomberg London FEW things flow through the historical veins of Europe’s common market as readily as alcohol, especially when it comes to Britain. After the family cognac business took him from the vineyards of southwest France to the bustle of London, future
      Bloomberg; PHOTO: BLOOMBERG  -  774 words
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  • TRANSPORT
    • Article
      Lock icon US SEC probing Boeing’s accounting: report
      431 21 Investigation said to involve projection of long-term profitability for Dreamliner, 747 Reuters Seattle THE US Securities and Exchange Commission (SEC) is investigating whether Boeing Co properly accounted for the costs and expected sales of two of its bestknown jetliners, Bloomberg reported on Thursday. The
      Reuters  -  431 words
    • Article, Illustration
      Lock icon Indonesia boosting security at all its airports
      641 21 Bloomberg Jakarta INDONESIA is upgrading security at its 192 airports to guard against possible terrorist attacks, weeks after a deadly bombing and shooting assault by Islamic State militants in Jakarta. Measures will include fences at all the country’s airports that comply with International
      Bloomberg; PHOTO: AFP  -  641 words
    • Article
      Lock icon Fiat Chrysler hunkers down in Canada
      216 21 Reuters Toronto FIAT Chrysler Automobiles (FCA) said on Thursday that it has invested C$3.7 billion (S$3.7 billion) since September 2014, and created 1,200 jobs in Canada to develop and produce its nextgeneration minivan. The Pacifica, which is also being developed as Fiat Chrysler’s first
      Reuters  -  216 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Core retail sales in solid January rebound
      611 22 Increase of 0.6% after unrevised 0.3% decline in December driven by household purchases of a variety of goods LATEST US DATA Reuters Bloomberg Washington US consumer spending appeared to regain momentum in January as households ramped up purchases of a variety of goods,
      Reuters; Bloomberg  -  611 words
    • Article, Illustration
      Lock icon Yellen sticks to her guns as global market rout worsens
      634 22 She still expects Fed to gradually raise rates this year Reuters Bloomberg Washington FEDERAL Reserve chair Janet Yellen returned to Congress on Thursday and again stressed that the US central bank was not on a “pre-set” path to return policy
      Reuters; Bloomberg; PHOTO: REUTERS  -  634 words
    • Article, Illustration
      Lock icon Euro-area outlook threatened by global market turmoil
      796 23 Though economy maintains momentum at end-2015, economists expect more challenges ahead Bloomberg Brussels THE euro-area economy maintained momentum at the end of 2015, though divergences across the region highlight ongoing struggles as global market turmoil threatens the outlook. The 0.3 per cent expansion
      Bloomberg; PHOTO: BLOOMBERG  -  796 words
    • Article
      Lock icon Indonesia swings into US$1.1b payments deficit in 2015
      264 23 Reuters Jakarta INDONESIA’S balance of payments swung to a deficit of US$1.1 billion in 2015 from a surplus of US$15.2 billion in 2014, though its current account deficit narrowed last year, Bank Indonesia (BI) said on Friday. Less positively for current account,
      Reuters  -  264 words
    • Article, Illustration
      Lock icon Hang Seng Index closes at multi-week low
      582 24 Investors will watch China’s official yuan fixing when mainland China markets re-open on Monday Reuters Hong Kong A NEAR 7 per cent slump in China shares listed in Hong Kong t hi s wee k melt- down in financial markets a l on
      Reuters; PHOTO: BLOOMBERG  -  582 words
    • Article, Illustration
      Lock icon Lenders need ‘deep surgery’: RBI’s Rajan
      377 24 AFP Mumbai THE head of India’s central bank has said the country’s lenders may need to perform “deep surgery” to sort out bad loans and clean up their balance sheets. Reserve Bank of India (RBI) governor Raghuram Rajan, who famously predicted the 2008 world
      AFP  -  377 words
    • Article, Illustration
      Lock icon Japan’s economic roller coaster headed for another dip
      697 25 The next round will start on Feb 15 when GDP data for the fourth quarter is released Bloomberg Tokyo AFTER three years of Abenomics and record monetary stimulus from the central bank, Japan’s economy still can’t escape a roll-er-coaster cycle of expansion
      Bloomberg; PHOTO: BLOOMBERG  -  697 words
    • Article
      Lock icon Political mood sours as Myanmar’s transition talks hit snag
      618 25 Parliament vote on president pushed back as negotiations slow Reuters Naypyitaw THE mood of goodwill evident in early talks between Aung San Suu Kyi and Myanmar’s military over the country’s transition to democratic government has soured, as tensions rise over how
      Reuters  -  618 words
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      47 23 HOT PROPERTY CHEOW KENG GEM conserved 3+2 bed immaculate near i12 isabelredrup.com/ir8a.phpFH $3.18m. SIGLAP 2 BRAND New Bunglw 2.5 sty with roof terr, Huge basement with lift and pool, 5+1. LOOKING FOR A LANDED PROPERTY? Check out these properties and more in The Straits Times Classified now!
      47 words
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  • OPINION
    • Article, Illustration
      Lock icon Making ‘heroes’ core of innovation push
      1236 26 / 27  -  Heroes are the handful of products for any particular brand that shoppers will look for and that contribute the bulk of sales and profits for both the manufacturer and the trade. By Nicolas Willemot, Louis Lim and Mike Booker By Nicolas Willemot, Louis Lim,
      PHOTO: BLOOMBERG  -  1,236 words
    • Article
      Lock icon The Middle East should take a leaf from Asean’s book
      890 26 / 27  -  By Girija Pande ~The writer is a member of the management board of the Institute of South Asian Studies (ISAS), an autonomous research institute at the National University of Singapore. The author, not ISAS, is responsible for the facts cited
      890 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Vicious struggles over family fortunes
        1412 28 / 29  -  The annals of US business are studded with messy succession battles and late-in-life romantic entanglements like the Redstone affair. By James B Stewart By James B Stewart NYT CONSIDER the plight of Shari Redstone, the daughter of billionaire media mogul Sumner Redstone. Much of her
        NYT; PHOTOS: REUTERS, NYT  -  1,412 words
      • BROKERS’ TAKE
        • Article
          Lock icon Singtel Add
          116 28 / 29 Target price: S$4.50 Close: S$3.58 CIMB Research, Feb 12 THE earnings were in line with our expectations, with 9M FY2016 at 75.7 per cent of our FY2016 forecast. We have maintained our earnings forecasts and sum of parts-based target price. Singtel trades at a FY2017 forecast enterprise value/operational
          116 words
        • Article
          Lock icon Trendlines Group Initiate with Buy
          354 28 / 29  -  Compiled by Cai Haoxiang Target price: S$0.28 Close: S$0.184 DBS Group Research, Feb 11 TRENDLINES is a seedstage investor in medical and agriculture technology startups. Unlike traditional venture capital, incubators provide startups with a higher level of support such as technology labs, staffing, physical space,
          354 words
        • Article
          Lock icon Glossary:
          68 28 / 29 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter
          68 words
      • Article, Illustration
        Lock icon Buying the dip a distant thought as pessimism grips the market
        793 30  -  The sell-off is feeding on itself and creating fears of a global recession among investors. By Jonathan Burgos and Yuji Nakamura By Jonathan Burgos, Yuji Nakamura Bloomberg Singapore HANE Oliver is among investors who see things getting worse before
        Bloomberg; PHOTO: REUTERS  -  793 words
      • Article
        Lock icon Even gold bulls underestimate 2016 gain which now top most assets
        515 30 Bloomberg London EVEN the combined brains of the biggest gold dealers, refiners and investment bankers failed to imagine just how much the precious metal would soar this year. Two months into 2016, prices have surged past three-quarters of the
        Bloomberg  -  515 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Jho Low selling prized art pieces at a loss
      1089 31 Three pieces of artwork fetch about US$54m; they were pledged as collateral for a loan with Sotheby’s Bloomberg New York MALAYSIAN financier Low Taek Jho has attracted attention for his flashy lifestyle and real estate deals, as well as his connections
      Bloomberg; PHOTO: REUTERS; PHOTO: THE STAR  -  1,089 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      315 31 CRYPTIC CROSSWORD Across 1 Tree’s stock lacking core (6) 4 Solitary ego torn apart about love (8) 9 Corn reportedly in a row (6) 10 Organ groove is endless after pot (8) 11 Extra work noticeable by current compiler (8) 13 Wants to sell top Queen single initially (6) 15
      315 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
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      69 words