The Business Times, 19 February 2015

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Total Pages: 35
1 36 The Business Times
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  • Title Section
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    18 1 THE BUSINESS TIMES www. usinesstimes.com.sg THURSDAY, FEBRUARY 19, 2015 S$1.00| MCI (P) 051/08/2014 A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon Economists paint dismal picture for this year
    609 1  -  External demand will still be weak, and the labour market will stay tight, they say By Fiona Lam, Prisca Ang fionalam@sph.com.sg prisang@sph.com.sg Singapore IT is good the Year of the Goat has been ushered in, for the animal’s agility and sure-footedness may well
    609 words
  • Article, Illustration
    Lock icon Greece faces resistance to extra bank funds
    602 1 Reuters Frankfurt THE European Central Bank (ECB) faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform programme. After talks between Greece and
    Reuters; PHOTO: REUTERS  -  602 words
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  • TOP STORIES
    • Article
      Lock icon Weak global growth a challenge to Asia, says IMF
      132 2 Reuters Tokyo GLOBAL growth remains uneven and fragile, and the weaker-than-envisaged global economy poses important challenges for developing Asia, a senior International Monetary Fund (IMF) official has said, citing weak investment as a key negative factor in the region. The global
      Reuters  -  132 words
    • Article
      Lock icon Correction
      41 2 IN “CapitaLand Q4 net profit surges 187%” published on Feb 18, we gave the wrong number of shopping malls the group is opening over the next three years. It should be 19, not 105. We are sorry for the error.
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    • MARKETS
      • Article
        Lock icon STOCKS
        57 2 GSTI 3,435.66 (+19.75) GSTI FUTURES 3,436.00 (+20.00) GSIMSCI 383.93 (+2.09) GSIMSCI FUTURES 383.90 (+1.10) STOCKS Wednesday Change KL COMP 1,807.87 -2.22 NIKKEI 225 18,199.17 +212.08 HANG SENG 24,832.08 +47.20 SET 1,598.26 +10.51 JAKARTA 5,390.45 +52.95 MANILA 7,803.45 +10.05 KOSPI 1,961.45 +3.22 SHENZHEN B Closed MUMBAI IND 29,383.86 +247.98 Tuesday
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.657 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$) 1.359 (US$/S$ per 1.535 2.086 EURO (US$/S$/€ 1.140 1.549 Foreign currency per US$ S$ YEN 119.20 87.70 RM 3.596 2.646 HK$ 7.757 5.708 BAHT 32.57 23.96 RUPIAH 12,845 9,451 RENMINBI 6.255 4.603 INDIAN RUPEE 62.27 45.82 A$ 1.280 0.942 NZ$ 1.327 0.977
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    • Article, Illustration
      Lock icon Japan Post buys Toll Holdings for A$6.49b
      903 3 Buying the Australian firm gives the state-owned company a transport network ahead of an IPO this year Bloomberg Sydney JAPAN Post Holdings Co agreed to buy Australia’s Toll Holdings Ltd for A$6.49 billion (S$6.9 billion), gaining a transport network in the faster-growing Asian
      Bloomberg; PHOTO: REUTERS  -  903 words
    • Article, Illustration
      Lock icon A horny question
      576 4  -  SOAPBOX Kelly Tay kellytay@sph.com.sg @KellyTayBT Reporter IS THIS the Year of the Goat, Sheep, or Ram? Of all the creatures in the Chinese zodiac, the goat seems to be the most identity-challenged and that’s saying something, since dragons don’t even exist. Take hongbao designs, for example. While
      576 words
    • Article, Illustration
      Lock icon Horoscope, horoscope on the wall
      238 4  -  By Arthur Lee A STREAM of curious people gathered around this display of the Chinese zodiac at People’s Park Complex on Wednesday morning, all angling to find out what they regardless of their animal sign could do to ramp up their luck in Year of
      PHOTO: ARTHUR LEE  -  238 words
    • Article, Illustration
      Lock icon GOAT YEARS: Unbleatable or Ba-a-a-d?
      507 5 How have the past Goat Years been for Singapore since our independence in 1965?The Business Times compares howour cloven-hoofed friend has treated us every 12 years, as compared to the non-Goat Years. 1967 saw national service kick in, 1979 brought Singapore ourfirst ATMs, 1991 marked
      507 words
    • Article, Illustration
      Lock icon PM Lee discharged from hospital
      294 6  -  A statement from the Prime Minister’s Office expressed appreciation for the SGH team that looked after him By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore PRIME Minister Lee Hsien Loong has been discharged from the Singapore General Hospital following Monday’s surgery to remove his prostate, and has
      PHOTO: PM LEE’S FACEBOOK  -  294 words
    • Article
      Lock icon Asia FX sentiment less bearish amid hopes of Greek deal
      346 6 Reuters Singapore SENTIMENT towards most emerging Asian currencies became less bearish in the last two weeks with the view on Thailand’s baht and Malaysia’s ringgit at its best in four months, a Reuters poll showed on Wednesday, amid hopes of
      Reuters  -  346 words
    • Article, Illustration
      Lock icon Hedge funds sneak back into energy sector
      883 7  -  Fund managers bottom-feed in oil rout after large investors divest By William Alden, Matthew Goldstein NYT New York A FEW hedge fund managers have been tiptoeing back into the beaten-down energy sector. While many investors, including Warren Buffett, were selling energy stocks in
      NYT; PHOTOS: REUTERS  -  883 words
    • Article, Illustration
      Lock icon Swiss franc: traders once bitten, twice shy
      843 8 Burned by carry trades in that currency, they are reluctant to re-enter market, worried about franc’s stability Bloomberg London WHEN it comes to Swiss franc carry trades, it’s a case of once bitten, twice shy. Switzerland’s negative interest rates mean investors are effectively
      Bloomberg; PHOTO: BLOOMBERG  -  843 words
    • Article, Illustration
      Lock icon UK bank boards, top execs may ask for fatter pay
      546 9 It’s to compensate them for their new burdens brought on by tighter rules Bloomberg New Jersey UK banks face paying their board members and top executives more, as regulators strengthen rules that hold individuals to account for malfeasance that occurs
      Bloomberg; PHOTO: BLOOMBERG  -  546 words
    • Article, Illustration
      Lock icon Oil rally to reverse amid US supply
      882 10 Analysts say current rebound is driven by liquidity and sentiment rather than fundamentals Bloomberg London THE rebound in oil will reverse because rising US production is deepening the global supply glut, according to UBS, Bank of America Corp and Commerzbank. Brent futures entered
      Bloomberg; PHOTO: AFP  -  882 words
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      Lock icon Page 2 Advertisements Column 1
      36 2 CONTENTS NEWS Top Stories 2-10 Companies Markets 11-14 Markets Stats 12-13 Real Estate 15-19 Banking Finance 20 Energy Commodities 21 Technology 22-23 Consumer 20 Transport 24 Govt Economy 25-29 Transport 30-31 Opinion 32-33 Life Culture 35
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      Lock icon Page 6 Advertisements Column 1
      16 6 Stay up-to-date with our stories, analysis and infographics btd.sg/budget_15 Q. Budget 2015 BusinessTimes.com.sg BTcfeital thebusinesstimes btbreakingnews
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      137 9 a Discover the joy of reading The Straits Times D <9^ 4 Choose from 6 amazing gifts when you subscribe now! fe «ov 0 Print Online Smartphone Tablet Lenovo TAB 2 A7-10 HTC RE Camera THE STRAITS TIMES See more gifts and subscribe at www.stsub.com.sg/stfebl5 Who can subscribe? New subscribers:
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  • COMPANIES & MARKETS
    • Article
      Lock icon Iceberg cool to MAS review of its report
      499 11  -  Noble Group welcomes the investigation, vows to fully cooperate By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore ICEBERG Research, whose report on commodity trading firm Noble Group is now under investigation by the Monetary Authority of Singapore (MAS), took to the development coolly, even
      499 words
    • Article
      Lock icon Yangzijiang bags US$135m of LNG vessel orders
      367 11  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SGX-LISTED Yangzijiang Shipbuilding (Holdings) has diversified its shipbuilding portfolio to LNG vessels as it seeks to refresh its product strategy. The Chinese company announced this week that it has secured new shipbuilding orders from JHW Engineering Contracting
      367 words
    • Article
      Lock icon Aztech Q4 net profit falls nearly 91%
      328 11  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AZTECH Group saw its net profit for the three months ended Dec 31, 2014, slump nearly 91 per cent year on year to S$280,000 on the back of higher expenses and lower revenue. Revenue slipped 7 per
      328 words
    • Article
      Lock icon Genting HK sees FY14 profit of at least US$330m
      277 11  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GENTING Hong Kong expects 2014 net profit of at least US$330 million, a drop from comparable year-ago figures, mostly due to one-off items. Genting Hong Kong’s Norwegian Cruise Line Holdings associate unit posted a US$25.6
      277 words
    • Article
      Lock icon STI STOCKS
      313 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 +4 246/242 263 213 5.8 6219.7 CapitaLand 368 +5 368/365 368 268 18.4 2.2 *****.2 CapitaMall Trust 215 +6 215/210 226 183 5 7458.4 CityDev 1028 cd +5 1041/1024 1118 907
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    • Article
      Lock icon SGX ETFs Most Active
      111 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSPHILS US$ US222.2 +1.1 252 224.7/221.7 224.7/175.3 223.6/224.3 17.8 STI ETF 344 +2 168 344/343 349/305 343/344 IS MS India US$ US802 +5 80 805/797 1000/575 802/806 100.3 ABF SG Bond ETF 115.5 -0.4 78
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    • Article
      Lock icon SIBOR
      31 12 Feb 18 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      799 12 For week beginning Feb 16 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 17-Feb-15 Kwan Chee Seng Buy 500 0.10 *****0 29.00 *****0 29.08 IPS Securex 17-Feb-15 Ong
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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 10 3 2 0 0 0 10 3 2 Manufacturing 39 26 27 7 4 8 46 30 35 Commerce 18 10 17 5 0 3 23 10 20 Tpt/Stor/Comms 14 10 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,389 19,389 66,601 66,601 Manufacturing 78,450 16,865 95,315 51,524 1,651 53,175 Commerce 57,259 7,810 65,069 63,207 491 63,698 Tpt/Stor/Comms 89,347 89,347 163,945 163,945 Finance 21,028 2 21,030 141,730 1 141,730 Construction 19,451 8,022 27,473 3,824
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Feb 18 VALUE CLOSE BT OB/OS -354.00 +87.00 BT CADI -*****.00 +92.00 BT 10-day MA -*****.00 -36.00 FTSE ST Mid Cap 783.12 +3.58 FTSE ST Small Cap 493.06 +1.06 FTSE ST All Share 824.27 +4.40 FTSE ST China Top 192.12 +0.36 FTSE ST China 235.47 +0.94 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 12 Feb 17 VOL CLOSE($) CHANGE Transcorp 4,758.3 0.178 +0.046 +34.85 SP Corp 1,483.2 0.091 -0.011 -10.78 MSC 19.6 1.000 -0.100 -9.09 UOA 69.7 0.550 -0.030 -5.17 Allied Tech 397.0 0.027 +0.004 +17.39 Advanced 220.0 0.176 -0.019 -9.74 Challenger 497.7 0.460 +0.020 +4.55 Cedar Strategic 6,018.5 0.002 -0.001 -33.33
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Feb-17 Price Net change change Last Trade Agricultural Feb-17 CBOT Soybeans (US cents/bu) 1007.75 17.25 1.74% 13/03/2015 CBOT Soybean Oil (US cents/lb) 32.32 -0.08 -0.25% 13/03/2015 CBOT Wheat (US cents/bu) 534.75 1.75 0.33% 13/03/2014 Feb-17 LIFFE Cocoa (£/tonne) 2024.00 19.00 0.95% 16/03/2015 LIFFE Coffee (US$/tonne) 1993.00 -48.00 -2.35%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Feb 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 15 2288.0 2302.0 2304.0 2288.0 251 ***** Mar 15 2294.0 2303.0 2316.0 2292.0 1966 ***** Apr 15 2290.0 2300.0 2312.0 2289.0 5751 ***** May 15 2280.0 2286.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 13 Feb 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****H 01-Nov-15 0.75 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.97 103.06 103.00 5-Year N*****0H 1.625 01-Oct-19 99.82 99.90 99.90 10-Year NY*****H 3.000 01-Sep-24
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Feb 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0617 1.0626 0.7815 0.7816 Canadian dollar 1.0947 1.0958 0.8061 0.8058 Euro 1.5480 1.5493 1.1395 1.1396 NZ dollar 1.0234 1.0244 0.7533 0.7535 Sterling pound 2.0849 2.0872 1.5347 1.5353
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      214 13 Feb 18 Most active Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.1 unch 4000 1 1 83 6.00 30 OCBC Bk MB eCW*****3 5.5 0.8 1640 0.2 1060 2 OCBC Bk MB eCW*****3 11.7 0.8
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Feb 17 Index Change Change Change Change Change Change World Preliminary 1321.6 0.0 3.6 -0.1 4.9 0.0 2.5 EAFE Preliminary 1045.7 0.2 6.0 0.0 6.2 0.0 3.8 Europe Preliminary 1474.5 0.3 6.7
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article, Illustration
      Lock icon STI gains 20 points in CNY eve half-day trading
      780 14  -  STOCKS| Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent IT WAS a no-brainer that the half-day trading activity in the local bourse on Wednesday on the eve of the Chinese New Year break to usher in the Year of the Goat would be
      780 words
    • Article, Illustration
      Lock icon NOL jumps on news of APL Logistics’ sale
      271 14  -  HOT STOCK By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SHARES of Neptune Orient Lines (NOL) climbed more than 3 per cent on Wednesday on the news that it is selling its logistics business. The shipping line had announced after market close on Tuesday
      271 words
    • Article
      Lock icon Falcon Energy now majority shareholder of CH Offshore
      153 14  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SGX-LISTED Falcon Energy is now a majority shareholder of CH Offshore. The company announced on Singapore Exchange on Wednesday that its wholly owned subsidiary Energian now owns more than 50 per cent of CH shares. In
      153 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Suburban Sydneysiders selling up en bloc
      1033 15 NSW state govt lets developers build flats on sites occupied by detached homes Bloomberg Sydney AFTER spending half their lives in a four-bedroom house in the suburbs of Sydney, the Dunkerleys are selling the family home to a developer, who plans to build 141
      Bloomberg; PHOTO: BLOOMBERG  -  1,033 words
    • Article, Illustration
      Lock icon Dubai property prices seen falling this year
      1029 16 Declining currencies in Europe and falling oil prices add to pressure on home values Bloomberg Dubai LIAM Jeffrey was surprised when a couple selling an apartment on Dubai’s Palm Jumeirah artificial island asked the property broker to cut the price by 10 per
      Bloomberg; PHOTO: BLOOMBERG  -  1,029 words
    • Article, Illustration
      Lock icon Starwood president and CEO resigns
      649 17 Frits van Paasschen’s quitting has been building over the past few months and came to a head this weekend: chairman Bruce Duncan Bloomberg Los Angeles STARWOOD Hotels Resorts Worldwide Inc’s new chief executive officer may need to acquire new brands and expand into lower-priced segments
      Bloomberg; PHOTO: BLOOMBERG  -  649 words
    • Article, Illustration
      Lock icon Rome to auction off 4 Mussolini-era buildings
      477 17 AFP Rome CASH-strapped authorities in Rome are to auction off four Mus-solini-era public buildings to fund the completion of a long-de-layed but eagerly-awaited conference centre by acclaimed architect Massimiliano Fuksas. Three museums and a building now housing state archives will be advertised shortly,
      AFP; PHOTO: AFP  -  477 words
    • Article
      Lock icon Calgary home sales plunge for a second month amid oil rout
      346 18 Canada’s housing market is up to 30% overvalued, warn policymakers Bloomberg Ottawa THE rapid crude-price drop is roiling Alberta’s housing market. Calgary home sales plummeted in January, extending December declines that have made the last two months the worst
      Bloomberg  -  346 words
    • Article
      Lock icon Loews unit buys Mandarin Oriental San Francisco Hotel
      310 18 Bloomberg New York LOEWS Corp’s lodging unit agreed to buy the Mandarin Oriental San Francisco Hotel ahead of a new phase of growth under its incoming chief executive officer. The 158-room property, currently managed by Mandarin Oriental Hotel Group, will be the
      Bloomberg  -  310 words
    • Article
      Lock icon Zillow to cut 350 jobs after Trulia buy
      254 18 Bloomberg New York ZILLOW Inc completed its acquisition of rival real-estate website Trulia Inc and announced 350 job cuts as the combined company works to integrate operations. The final value of the deal was US$2.5 billion including stock-based compensation, the company, which
      Bloomberg  -  254 words
    • Article
      Lock icon Househunt
      968 19 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 7 AND JAN 13, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Skysuites Anson Apt 12/01/2015 99 667 1559 2336 District 3 NON-LANDED Queens Apt 09/01/2015
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      Lock icon Page 15 Advertisements Column 1
      44 15 Unique Conservation Shophouse CBD AREA FULL COMMERCIAL NO ABSD Hare Freehold Shophouse Keong Saik Area Land: 1,317 sqft Built-in: 2,810 sqft est •> 3% Yield Chic dining enclave •2 mins walk to MRT Ideal investment Agents welcome I For Sale by Owner (Elaine) 6908 0671
      44 words
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      18 18 4*' f5m la Singlish |L Scan Watch zf lifestyle.omy.sg Download omy Apps O omy News iOSAppStore Google Play
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      48 18 HOT PROPERTY 3+1 D'CAMBRIDGE. NOVENA MRT. Designer decor. Patio excess to pool. Quiet, Airy. F/furn. Immed. SOLEIL AT NOVENA MRT, 4 bedrooms 1722 Sq.ft NEWTON EUROASIA. 1066 sf. 2+Study. Furn. LOOKING FOR A PLACE TO RENT? Check out these properties and more in The Straits Times Classified now!
      48 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon JPMorgan tops list of risky banks in US govt study
      600 20 Citigroup ranks second in amount of havoc it could unleash if it were to fail; BOA is third Reuters Washington JPMORGAN Chase Co bears the highest potential hazard to the financial system if it were to fail, a staff study
      Reuters; PHOTO: AFP  -  600 words
    • Article
      Lock icon Chinese firms turn to euro bonds as dollar funding costs rise
      466 20 Reuters Hong Kong CHINESE companies have boosted their issuance of euro bonds to a record, keen to cut borrowing costs as their US dollar debts get pricier. Their push into Europe comes as quantitative easing (QE) knocks interest rates
      Reuters  -  466 words
    • Article
      Lock icon RBS mobile app uses fingerprint technology
      215 20 Reuters London ROYAL Bank of Scotland on Wednesday launched a new service for its RBS and NatWest customers enabling them to log on to the bank’s mobile application using their fingerprints, becoming the first British bank to do so. RBS, which is 80 per
      Reuters  -  215 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Boom in US shale output to stay over 20 years: BP
      550 21 Reduced market requirement for Opec crude likely to persist in near term AFP London BOOMING US shale output, which helped spark slumping oil prices, will continue over the next 20 years but start to slow, increasing demand for Opec
      AFP; PHOTO: AFP  -  550 words
    • Article
      Lock icon Russia boosts oil sales to China, Japan, S Korea
      730 21 Bloomberg Beijing MIDDLE East oil producers already scrapping for share in Asia must now contend with more supply from Russia. Russia, the world’s second biggest crude producer, boosted sales to China, Japan and South Korea by 25 per cent last year,
      Bloomberg  -  730 words
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      251 21 NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF 1) SUPER SEA CABLE (S) PTE. LTD. CO. REG. NO. *****4507H 2) SUPER SEA CABLE NETWORKS PTE. LTD. CO. REG. NO. *****4505G Notice is hereby given pursuant to section 296 of
      251 words
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  • TECHNOLOGY
    • Article
      Lock icon Snapchat seen seeking fresh funding
      636 22 Firm’s valuation, at US$16-19b in latest round, has been rising since it started in 2011 Bloomberg San Francisco SNAPCHAT is seeking a new round of funding that would value the company as high as US$19 billion, a person with knowledge of the matter said, making
      Bloomberg  -  636 words
    • Article, Illustration
      Lock icon US issues new export policy for military, commercial drones
      651 22 Reuters Washington THE US government has established a policy for exports of military and commercial drones, including armed ones, and said it plans to work with other countries to shape global standards for the use of the controversial weapons systems. The
      Reuters; PHOTO: AFP  -  651 words
    • Article, Illustration
      Lock icon Why IAC and others make sense as breakup candidates
      893 23 Following in the footsteps of companies such as eBay and HP could prove profitable for them Bloomberg New York WHERE eBay and Hewlett-Packard (HP) have gone, can Barry Diller be far behind? IAC/InterActiveCorp, the billionaire’s holding company of websites and dating
      Bloomberg; PHOTO: REUTERS  -  893 words
    • Article
      Lock icon Apple patent lets iPhone be part of VR reality display
      177 23 AFP San Francisco APPLE on Tuesday was awarded a patent on a headset that could let iPhones be part of augmented or virtual reality displays. The patent titled “Head Mounted Display Apparatus For Retaining A Portable Electronic Device With Display”
      AFP  -  177 words
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      15 23 IT’S LIFE HACKS GALORE IN THE MARCH ISSUE OF MEN’S HEALTH! Readthisissuefortipsand tricksongettingfitfast,while masteringno-fussswag! MENSHEALTH.COM.SG
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  • CONSUMER
    • Article
      Lock icon Australia mulls tougher food screening after health scare
      396 24 Frozen berries from China linked to growing number of hepatitis A infections AFP Sydney TOUGHER food screening measures could be introduced in Australia with frozen berries from China linked to a growing number of hepatitis A infections, Agriculture Minister Barnaby Joyce said
      AFP  -  396 words
    • Article, Illustration
      Lock icon MGM Resorts posts Q4 loss as China revenue drops
      338 24 Bloomberg Los Angeles MGM RESORTS International, the largest casino operator on the Las Vegas Strip, reported a wider fourth-quarter loss as gambling revenue from Macau plunged. The loss widened to 70 US cents a share from 12 US cents a year
      Bloomberg; PHOTO: BLOOMBERG  -  338 words
    • Article
      Lock icon EU members slammed for resisting removal of roaming fee
      340 24 Reuters Brussels EUROPEAN Union member states came under fire from the bloc’s head of digital policy on Tuesday for resisting efforts to scrap mobile phone roaming charges for consumers. Though the removal of the charges is a priority for the European
      Reuters  -  340 words
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      71 24 v\r:ch: MWs ACADEMY 2015 Calling business owners! We have the Guaranteed Targeted Crowd of parents with young children for you! Proven Quality visitors with a keen interest in their child's growth and well-being!! JOIN US AT SUNTEC SINGAPORE! m -tS Call us to enquire how we can help you reach
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Bureaucracy stands in Greece’s way
      1044 25 Businesses and jobs are jeopardised by high administrative costs and inefficiency NYT Athens YANNIS Stamatiou is one of this country’s many business owners who say that Greece’s economic problems are not just about austerity. Just ask him about the bureaucracy, which the new government has
      NYT; PHOTO: REUTERS  -  1,044 words
    • Article
      Lock icon Malaysia’s Jan inflation lowest since 2009, but rate cut unlikely
      377 25 Reuters Kuala Lumpur ANNUAL inflation in Malaysia fell to a more than five-year low of one per cent in January as oil prices skidded, but economists do not expect the central bank to follow others and respond by cutting interest
      Reuters  -  377 words
    • Article
      Lock icon 1MDB to sell assets, equity in projects
      218 26 Reuters Kuala Lumpur MALAYSIA’S 1MDB said on Wednesday that it may sell assets, and that its real estate projects will sell land development rights and could enter into profit-sharing joint ventures, as the state fund seeks to cut down on its massive debt
      Reuters  -  218 words
    • Article, Illustration
      Lock icon BOJ keeps record stimulus as Japan crawls out of recession
      884 26 Central bank to boost monetary base by 80 trillion yen a year Bloomberg Tokyo THE Bank of Japan (BOJ) maintained unprecedented monetary stimulus, as governor Haruhiko Kuroda aims to stoke a recovery from recession and counter a slowdown in inflation.
      Bloomberg; PHOTO: REUTERS  -  884 words
    • Article, Illustration
      Lock icon France forces through key reforms bill
      734 27 PM’s move to push the bill through Parliament without a vote triggers no-confidence motion AFP Paris FRANCE’S government on Tuesday forced a key package of economic reforms through Parliament in a rare move that sparked a confidence motion which could in theory bring it
      AFP  -  734 words
    • Article, Illustration
      Lock icon 11.4m more Americans enrol for Obamacare
      379 27 Reuters Washington SOME 11.4 million Americans enrolled in private health insurance through Obamacare during the open enrolment period, the White House said in a tweet on Tuesday. “The Affordable Care Act, aka Obamacare, is working. It’s working better than we anticipated, certainly working a
      Reuters; PHOTO: AFP  -  379 words
    • Article
      Lock icon N Korea cyber capabilities not so good: Obama
      262 27 AFP Washington IRAN is “good”, China and Russia are “very good”, but North Korea’s cyberattack capabilities are actually not that great, according to an impromptu ranking by US President Barack Obama. In an interview with online site “re/code” published on Tuesday, Mr
      AFP  -  262 words
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      Lock icon Indian economy surges despite challenges
      1293 28 As other BRIC nations stumble, India is riding high on business-friendly policies of the new premier NYT Sriperumbudur, India CHINA’S economy is slowing. Brazil is struggling as commodity prices plunge. Russia, facing Western sanctions and weak oil revenue, is headed into a recession. As other
      NYT; PHOTO: BLOOMBERG  -  1,293 words
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      Lock icon Jokowi’s invitation to invest undermined by red tape
      744 29 New barriers include local language proficiency for foreigners seeking jobs WP Jakarta AN ENGLISH degree, a teaching certificate, five years of experience and an HIV test from your country of origin. That’s all you need to get a job with a starting
      WP; PHOTO: BLOOMBERG  -  744 words
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      61 29 19-22 March 2015 SUNTEC Singapore, Levels 3, 4 6 12-9pm fb.com/ComexITShow itshow.sg 12-9 pm Sell your tech products services at Singapore’s LARGEST I.T., digital, mobile consumer electronics exhibition! Call *****620 or email to sales@exhibitsinc.com.sg Book Your Space NOW! *Limited Booths Available ORGANISED BY: Organiser of IT SHOW, Food and Beverage
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      58 29 The Premier Platform for Gifts Sourcing flSGPFair Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.SGPFair.com EXHIBIT PROFILE Apparels Uniforms Corporate Gifts Premiums M A 510 Interested to exhibit? Tel: (65) 6848 5938 Email: SGPFair@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A
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  • TRANSPORT
    • Article, Illustration
      Lock icon Freight rate rout grounds another carrier
      433 30 China’s Winland Ocean Shipping Corp files for Chapter 11 bankruptcy protection in US Reuters Singapore A SECOND dry cargo shipping company has filed for bankruptcy following a collapse in freight rates that has forced many companies to idle vessels used to haul iron ore,
      Reuters; PHOTO: BLOOMBERG  -  433 words
    • Article
      Lock icon Rolls-Royce unveils plans for an SUV
      558 30 Bloomberg New York ON Tuesday, Rolls-Royce sent white-gloved chauffeurs in Phantoms around New York City to deliver letters announcing plans to build a sports utility vehicle (SUV), making good on hints dropped by CEO Torsten Mueller-Oetvoes earlier this year. Well, they’re not calling it
      Bloomberg  -  558 words
    • Article
      Lock icon Uber files second complaint against French law
      184 30 Reuters Paris UBER has filed a second complaint to the European Commission against a French law that the online taxi-booking service says favours regular taxis at its expense, the company said on Tuesday. Uber filed a complaint with the Commission last November, the
      Reuters  -  184 words
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      Lock icon US West Coast ports reopen as Labor Secretary arrives for talks
      642 31 Tom Perez in San Francisco to broker a settlement, ending months of shipping disruptions that have hit US commercial supply chain Reuters Los Angeles US West Coast ports that were closed to incoming cargo vessels during the holiday weekend
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    • Article
      Lock icon No spark for Canada car sector despite C$ drop
      427 31 Reuters Toronto A STRONG Canadian dollar has wounded the country’s car manufacturing sector over the last decade, but the currency’s recent drop to a near six-year low is unlikely to spur a rush of new investment, say senior industry executives. Canada
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      Lock icon Mercedes’s Pullman S-Class starts at 500,000 euros
      246 31 Bloomberg Frankfurt MERCEDES-Benz set the starting price of the Maybach Pullman S-Class at about 500,000 euros (S$775,000) as the Daimler AG division prepares to present the three-row sedan at the Geneva car show next month. The 6.5-metre vehicle is Mercedes’s latest effort to
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  • OPINION
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      Lock icon Will Year of the Goat bring out the market bulls in China?
      1427 32 / 33  -  Moves to ease liquidity, Beijing’s recognition of the link between governance and economic growth and its war on corruption could help. By Eddie Chow By Eddie Chow ~The writer is senior executive vice-president and managing director, Templeton Emerging
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      Lock icon Varoufakis still holds important cards
      651 32 / 33  -  By David Marsh ~The writer is managing director and co-founder of the Official Monetary and Financial Institutions Forum (OMFIF). This was first published as an OMFIF commentary on Feb 17, 2015 YANIS Varoufakis, the game theorist-turned-finance minister of Greece, seems outnumbered and outmanoeuvred in his
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    998 34 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TUGELA FF509 12/02 15/02 18/02 20/02 25/02 05/03 TONSBERG FF510 21/02 25/02 27/02 01/03 06/03 13/03 CARMEN
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  • LIFE & CULTURE
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      Lock icon Theatrical treats down memory lane
      503 35  -  Great World Cabaret and Titoudao take audiences back for a romp in an earlier Singapore By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore SAKURATeng, Rose Chan, Kartina Dahari and other music icons of the 1960s and ’70s come alive in Great World Cabaret, Resorts World Sentosa’s exuberant
      PHOTO: RWS  -  503 words
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      Lock icon Chinese street opera celebrated in Titoudao
      447 35  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore THERE was a time when Chinese street wayang drew “more people than Jay Chou or Stephanie Sun”, says 72-year-old opera artiste Oon Ah Chiam. “It was the most popular form of entertainment because there was no TV, no
      447 words
  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      289 35 CRYPTIC CROSSWORD Across 5 Round of applause before dance that’s kind of foul (8) 8 Keen to embrace that woman in bright red (6) 10 Little bit of dough adds about middle (6) 11 Bones from Wounded Knee? Lots (8) 12 Public school to plan residence welcoming the Queen (12)
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      126 36 iW: mMM. um m i SI m m w-. m sm mmm eSi W* a isa '1 ffl©8 r» Master GrandeTraditionTourbillon Cylindrique a Quantieme Perpetuel. Jaeger-LeCouitre Calibre 985. The mechanical programming of the perpetual calendar means this watch will not require any adjustment until the next turn of the century!
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