The Business Times, 21 February 2015

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Total Pages: 32
1 28 The Business Times
  • Page 1 Advertisements
    • 56 1 LivingBTTHE BUSINESS TIMES WEEKEND FEBRUARY 21 22 2015 URBAN FARMERS Modern tillers sow the seeds of futuristic farming L2-5 EDIBLE GARDEN CITY PHOTO: YEN MENG JIIN BEAUTY Beauty regimens trending now L8-9 SHOPPING Local spin on functional It bagsL6-7 GOLF New golf vistas L12 HEALTH Watch that festive sugar rush
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  • BT Living
    • LIVING
      • Article, Illustration
        767 2 / 3 BT Weekend talks to homegrown tillers who are sowing the seeds of the future of farming in land-scarce Singapore Edible Garden City taysc@sph.com.sg @T aySuanChiangBT MOST people would baulk at the idea of giving up a well-paying job to toil under the sun as a farmer, but not
        PHOTOS: YEN MENG JIIN  -  767 words
      • 704 2 / 3  -  Lian Wah Hang Farm can.”By Tay Suan Chiang IT is a funny yet heartwarming sight: a grown man running after a two-day old quail chick and then catching the bird in his hand, and putting it back in the cage. “This little one was
        704 words
      • 677 4 / 5  -  Jurong Frog Farm says.By Tay Suan Chiang SHE’S no fairy-tale princess but Chelsea Wan has kissed many frogs and has no intention to stop. Ms Wan, a “frog-o-logist”, as stated on her business card, works at Jurong Frog Farm, which is owned by her family.
        677 words
      • 627 4 / 5  -  D’Kranji Farm Resort By Tay Suan Chiang HOW long does it take for a corn plant to be ready for harvesting? Ryan Ong, 22, director of D’Kranji Farm Resort, an agri-tainment farm would know. “It takes 65 days,” he says, adding that a stalk of plant
        627 words
      • 725 4 / 5  -  Tim’s Farm By Rachel Loi rachloi@sph.com.sg @RachelLoiBT TIMOTHY Hromatka begins his mornings just like any other parent: he wakes up early, washes up, and drops his two kids off at school. The rest of his day however, is a bit different it involves driving
        725 words
    • SHOPPING
      • 891 6 / 7  -  Not content with simply creating the next It bag, three Singapore-based designers up the ante with thoughtfully designed carry-alls. By May Yip Michele Ng Aide de Camp www.adcbags.com PRECIOUS skins, statement hardware and trending silhouettes are usually the sexiest details that grab the attention of bagaholics when
        891 words
      • Article, Illustration
        719 6 / 7  -  Soh Szetiong 72 Smalldive 72Smalldive.com WHILE most may baulk at toting around a tank, shorts and socks in 72 Smalldive’s but-tery-soft, grained calfskin bags, the luxurious duffel ranks as high on function as it does on aesthetics. Designed by Soh Szetiong, the brand’s creative director who was nominated
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      • 700 6 / 7  -  Rosie Jansen Tribe Bags www.tribebags.com THE biggest bane of a mum’s life apart from 2am feeds and dirty diapers, is having to carry both a handbag and diaper bag. Especially when the latter was usually de- signed by a manufacturer whose idea of “chic” is slapping on bows
        700 words
    • BEAUTY
      • Article, Illustration
        1073 8 / 9  -  Express treatments in the aesthetics industry are now in vogue these range from body-slimming techniques and ‘Hollywood facials’ to V-Shape Facial Contouring. By Cheah Ui-Hoon uihoon@sph.com.sg TOO busy for a leisurely and relaxing spa treatment? Fortunately, the aesthetics industry has been rolling out express treatments of late, which
        1,073 words
      • 820 8 / 9 with BTWeekend AquaMarine Marina Mandarin Singapore, Level 4 6 Raffles Boulevard Z6845-1111 Prosperous Lunar New Year Have a prosperous Chinese New Year at AquaMarine with our bountiful festive buffet spread. Celebrate the welcoming of the new Lunar Year with good fortune hosting reunion dinners with your family and loved
        820 words
    • HEALTH
      • 1234 10  -  Diabetic patients need not feel left out of the festive feasting; they just need to make some adjustments to their diet Chong Yeh Woei ~The writer is the medical director of Singapore Medical Specialists Centre CHINESE New Year is generally a time of family reunions
        PHOTO: BLOOMBERG  -  1,234 words
    • STYLE
      • Article, Illustration
        677 11 Designers unveiled possible red-carpet stunners at the Oscars on Sunday at the recently concluded New York Fashion Week, with an accent on super-luxe gowns Reu ters New York WITH grandiose gowns, skin-skim-ming dresses and a nod to old Hollywood glamour, designers in New York served up couture treats to
        Reuters; PHOTOS: AFP; PHOTOS: REUTERS  -  677 words
    • GOLF
      • 962 12  -  A complete redesign of Laguna Phuket Golf Club breathes new life into the 22-year-old layout. By Justine Moss WHILE Laguna Phuket Golf Club has undergone the occasional nip and tuck over the years since it opened for play in 1992, in July 2013 it embarked
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  • TOP STORIES
    • 869 2  -  The newly launched Asia Philanthropy Circle will focus on action and impact By Fiona Lam fionalam@sph.com.sg Singapore RUN by philanthropists for philanthropists, the newly launched Asia Philanthropy Circle (APC) aims to build a distinctly Asian model of philanthropy that focuses on action and impact.
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    • 650 3  -  May be turning point for economy that has been battling deflation By Anthony Rowley btworld@sph,com.sg Tokyo JAPANESE stocks rose to a fresh 15-year high on Friday, continuing a trend that analysts said could signal that the world’s third largest economy is reaching escape velocity
      650 words
    • 1166 4 The annual Budget statement that is usually delivered by the Minister of Finance offers a glimpse of the most pressing issues of the day, and past speeches offer an overview of Singapore's history. Certain aspects of life, such as the make-up of the economy, have
      BT Graphics: Kenneth Lim, Elenita Sarah Loyola, Hyrie Rahmat  -  1,166 words
    • 797 5  -  But change is in the air with the creeping advance of foreign banks and the mushrooming of automated teller machines SATURDAY SOAPBOX Lee Meixian leemx@sph.com.sg @LeeMeixianBT Reporter IT WAS one of the strangest experiences of my recent holiday in Yangon, Myanmar I
      LUDWIG ILIO  -  797 words
    • 480 5 Reuters Sydney A POWERFUL cyclone slammed into north-east Australia on Friday, destroying homes, upending trees, cutting power lines and causing flash floods, while a second storm severed communications to a northern island where heavy damage was expected. Tens of thousands
      Reuters; PHOTO: AFP  -  480 words
    • 814 6 / 7  -  AS Singapore works towards formulating localised regulations for unmanned aircraft operations, 3 homegrown drone startups Avetics, Garuda and HOPE Technik tell Jacquelyn Cheok what they think of the impending rules and how drones can radically transform commercial aviation in the nextfewyears. Jacquelyn Cheok Drone regulations to
      PHOTO: HOPE TECHNIK; PHOTO: BYOD; PHOTO: HOPE TECHNIK; PHOTO: HOPE TECHNIK; PHOTO: SERVICE-DRONE; PHOTO: BRISTOL UNIVERSITY; PHOTO: DJI; PHOTO: PHOENIX AERIAL SYSTEMS; Sources: Avetics, Garuda, CAAS, HOPE Technik BT Graphics: Jacquelyn Cheok, Hyrie Rahmat  -  814 words





  • THE RAFFLES CONVERSATION
    • 2579 8 / 9  -  In a world where disaster is the new normal, Judith Rodin, president of the Rockefeller Foundation, believes a template for crisis management that builds resilience is the way forward. By Kelly Tay kellytay@sph.com.sg @KellyTayBT IN the aftermath of Hurricane Sandy the 2012 superstorm which closed the
      PHOTO: YEN MENG JIIN  -  2,579 words

  • COMPANIES & MARKETS
    • 410 10  -  Reshuffle part of strategic review by the firm of its fabrication business in Australia By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SGX-LISTED AusGroup announced on Friday that it was conducting a strategic review of its fabrication business in Australia, which includes the reshuffling of
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    • 421 10  -  CFO Andrew Penn to take over from May 1 By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore AUSTRALIAN telco provider Telstra announced a leadership change on Friday as incumbent David Thodey stepped down after almost six years at the helm. The
      FILE PHOTO  -  421 words
    • 498 10 Bloomberg Reuters New York PAUL McCulley has stepped down from his role as managing director and chief economist at Pacific Investment Management Co less than a year after rejoining the firm. “Paul returned to Pimco last May after being
      Bloomberg; Reuters  -  498 words
    • 193 11 Feb-19 Price Net change change Last Trade Agricultural Feb-19 CBOT Soybeans (US cents/bu) 1007.25 11.50 1.15% 13/03/2015 CBOT Soybean Oil (US cents/lb) 31.83 -0.18 -0.56% 13/03/2015 CBOT Wheat (US cents/bu) 527.75 0.00 0.00% 13/03/2014 Feb-19 LIFFE Cocoa (£/tonne) 2025.00 -4.00 -0.20% 16/03/2015 LIFFE Coffee (US$/tonne) 1957.00 -18.00 -0.91%
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    • 60 11 Feb 18 klce PALM FUTURES (RM/MT) C m rrirg Sin A Afdntfi Prirv Brft» hV£.fl Caw VcH L( j j Sap Aj»mor> ce.b 15 ***** 302,0 .-130*1.0 Z2SS.C) io?*ia Mar T 5 22*S4X3 J«^0 2316.0 229i0 141ft VJV, Aoj »5 2290.0 2BDOLO 2.312.0 23E&0 •5751 5b391 fvte* n
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    • Article, Illustration
      2 11
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    • 214 11 Feb 18 Most active Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.1 unch 4000 1 1 83 6.00 30 OCBC Bk MB eCW*****3 5.5 0.8 1640 0.2 1060 2 OCBC Bk MB eCW*****3 11.7 0.8
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    • 373 11 In local curr In S$ In US$ dy yr dy yr dy yr Feb 19 Index Change Change Change Change Change Change World Preliminary 1330.0 0.2 4.3 0.1 5.7 0.2 3.1 EAFE Preliminary 1058.9 0.4 7.3 0.4 7.7 0.5 5.0 Europe Preliminary 1490.3 0.4 7.9
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    • 82 11 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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    • 155 11 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
      155 words


  • REAL ESTATE
    • 780 12 Negative rates feed housing boom, resulting in prices higher than at any point in history Bloomberg Copenhagen SEVEN years after Denmark’s property bubble burst, house prices in the country’s biggest cities are already higher than at any point in recorded history. It
      Bloomberg; PHOTO: BLOOMBERG  -  780 words
    • 550 12 Bloomberg Rio de Janeiro MARCOS Vieira had a front-row seat for the biggest piece of Rio de Janeiro’s pre-Olympic facelift: razing the elevated highway that ran past his office. He now has a clear view of the cruise ships pulling into
      Bloomberg  -  550 words
    • 968 13 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
      968 words


  • BANKING & FINANCE
    • 1340 14 Bonuses have shrunk as revenue growth has stalled; business lines have been cut NYT New York NEARLY seven years after the financial crisis, banks are still churning out profits and wrestling with regulators. Yet Wall Street, by many important measures,
      NYT; PHOTO: REUTERS  -  1,340 words

  • ENERGY & COMMODITIES
    • 743 15 They’re betting on a generally contrarian view, that oil prices are poised to rebound Reuters New York ELLIOT Management Corp and Omega Advisors Inc are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen
      Reuters; PHOTO: REUTERS  -  743 words
    • 302 15 Reuters New York A US judge on Thursday rejected BP plc’s attempt to reduce the maximum civil fine it could face for its role in the 2010 Gulf of Mexico oil spill, leaving it potentially liable to pay US$13.7 billion under
      Reuters  -  302 words
    • 212 15 Reuters Bangkok THAILAND’S military government is considering a public vote on whether to proceed with an auction of oil and gas concessions amid opposition to contract terms that have drawn interest from several international companies. The military has stifled political
      Reuters  -  212 words

  • TECHNOLOGY
    • 432 16 One report says Apple has hired several hundred people for an electric car project AFP New York APPLE has been sued by developers of an advanced automotive car battery for allegedly poaching key employees, providing evidence that the California tech giant is
      AFP  -  432 words
    • 276 16 Content to have ageappropriate videos, channels, playlists Bloomberg San Francisco GOOGLE Inc’s YouTube plans to roll out a service designed for children as the company looks for new ways to expand its audience. The service, the YouTube Kids app, will feature content that
      Bloomberg  -  276 words
    • 347 16 BLOOMBERG San Francisco YAHOO! Inc chief executive officer Marissa Mayer unveiled a suite of development tools for mobile applications that integrates its own advertising services with features it acquired with analytics startup Flurry Inc. The suite is designed to help outside app developers
      BLOOMBERG; PHOTO: BLOOMBERG  -  347 words

  • CONSUMER
    • 549 17 Retailers Target, Staples and fast-food chains will be under pressure to follow, analysts say Re uters London Walmart Stores Inc’s wage hike will likely trigger a rethink on pay across the retail and fast-food sectors, with Target Corp one of the low-wage employers facing pressure
      Reuters  -  549 words
    • 526 17 The sales may be a manifestation of growing income gap and tourist shopping Bloomberg Tokyo JAPAN’S economy is hobbling out of a recession, inflation is a quarter of the central bank’s target and wages adjusted for price changes fell
      Bloomberg; PHOTO: BLOOMBERG  -  526 words
  • Page 17 Advertisements
    • 245 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GREAT JOY COMMUNITY CARE LTD. (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of members of GREAT JOY COMMUNITY CARE LTD. duly convened and held at its registered office on 18 February 2015 at 2
      245 words

  • TRANSPORT
    • 533 18 Businesses from potato producers to online retailers hit by mounting costs AFP Washington FEDERALLY mediated talks to end a grinding labour dispute at US West Coast ports entered their third day on Thursday as complaints mounted from businesses feeling pain on both
      AFP; PHOTO: AFP  -  533 words
    • 416 18 Reuters New York AN increasingly bitter trade row between US and Gulf airlines deepened when Dubai’s Emirates rejected a Delta Air Lines apology for remarks perceived as linking Gulf carriers with the Sept 11 attacks on the US in 2001. Relations have deteriorated
      Reuters; PHOTO: BLOOMBERG  -  416 words
  • Page 18 Advertisements

  • GOVERNMENT & ECONOMY
    • 539 19 Economy still expanding at a solid pace but has entered slower growth phase, it adds us data Reuters Bloomberg Xinhua New York THE US manufacturing sector expanded in February at its fastest rate since November, after notching its lowest reading in a
      Reuters; Bloomberg; Xinhua  -  539 words
    • 554 19 Bloomberg London AS Greece heads towards 11th-hour funding talks with its euro-area membership on the line, bondholders are surprisingly sanguine about its failure so far to secure a deal. Forget the strategists at Commerzbank AG who say there’s a 50 per cent chance it’ll leave the
      Bloomberg; PHOTO: AFP  -  554 words
    • 1307 20 It is estimated that he would have given US$32b to ordinary Saudis NYT Riyadh EUROPEAN leaders are still battling over austerity. The US Congress is gearing up for another fight over the budget. But in Saudi Arabia, there are no such troubles when you are
      NYT; PHOTO: AFP  -  1,307 words
    • 865 21 Policymakers see dollar’s rising value as persistent source of restraint on exports Bloomberg Washington THE minutes from the Federal Reserve’s meeting in January have foreign-exchange traders wondering whether Janet Yellen has joined the currency wars. Policymakers pointed to the dollar’s rising value as
      Bloomberg; PHOTO: REUTERS  -  865 words
    • 658 21 Contaminated devices blamed for deaths of infected LA patients WP Washington THE US Food and Drug Administration (FDA) on Thursday warned doctors and hospitals that a commonly used medical scope can be difficult to sanitise between uses and “may facilitate the spread
      WP  -  658 words
  • Page 19 Advertisements
    • 61 19 HOT PROPERTY GCB ZONE, RARE FH bunglw About *****/7000sf, pool 6 ensuites, amenities, MRT Value $14xxpsf. BUNGLW EWART PK Locale Attractive 5800/4500sf Modern, Elegant finishing, Spacious pool, 7+1, regular plot $21M IN PRIME D10 Worthy buy! Hilltop Treasure for the discerning few. *****/ 8000 sqft. LANDED PROPERTIES FOR SALE! Check
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  • Page 20 Advertisements


  • OPINION
    • 999 22 / 23  -  Developing the sector can boost Singapore’s position as a leading global medical technology hub. By Abhijit Ghosh, Ajay Sanganeria and Huang Meiqi By Abhijit Ghosh, Ajay Sanganeria, Huang Meiqi ~The writers are respectively healthcare and pharmaceutical leader, tax director, and senior tax manager
      999 words
    • 966 22 / 23  -  By Donald Farmer ~The writer is VP, innovation and design at Qlik EARLY in the year, it’s quite the tradition for industry pundits to write about the x new things to look out for in the months ahead. Major advances,
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  • Page 22 / 23 Miscellaneous

  • Wealth
    • WEALTH INVESTING
      • 1103 24 / 25 The stories of failure have not dented investor appetite for the brightest stars in the startup firmament, propelling the firms to multibillion-dollar heights NYT WHAT a difference a year makes. Less than 12 months after investors valued Snapchat, the red-hot messaging app, at about
        NYT; PHOTO: BLOOMBERG  -  1,103 words
      • BROKERS' TAKE
        • 139 24 / 25 Buy OCBC Investment Research Feb 18 Feb 18 close: S$4.24 Target price: S$4.84 SEMBCORP Industries (SCI) posted a 10.4 per cent year-on-year drop in revenue to S$2.7 billion and a 7.5 per cent rise in net profit to S$240.6 million in Q4 2014, such that FY14 net profit
          139 words
        • 255 24 / 25 Buy DBS Equity Research Feb 18 Feb 18 close: S$1.02 Target price: S$1.10 (12-month) PUTTING rest to all speculations, NOL (Neptune Orient Lines) finally announced the sale of its logistics business APL Logistics for a cash consideration of US$1.2 billion to Japanese freight forwarder Kintetsu World Express.
          255 words
        • 333 24 / 25  -  Compiled by Malminderjit Singh Buy Maybank Kim Eng Feb 18 Feb 18 close: S$0.535 Target price: S$0.81 (under review) Q4 2014 net loss of US$10 million (-337.3 per cent year on year, -166.4 per cent quarter on quarter) pulled FY14 net profit down to US$53.2 million
          333 words
      • 983 26 US probes have found that dealers are still striking improper deals, lying to clients Bloomberg New York AFTER shocking mortgage-bond traders by seeking to put one trader in jail, US investigators now see more inappropriate behaviour that needs to be addressed in the
        Bloomberg; PHOTO: REUTERS  -  983 words
  • Page 24 / 25 Advertisements


  • Page 27 Advertisements
    • 177 27 A Discover the joy of reading The Straits Times Uf y r ji Choose from 6 amazing gifts when you subscribe now! 3-YEAR PLAN 2-YEAR PLAN Philips Viva Collection Bread Maker HD9045 HTC RE Camera 16MP, 146° wide angle lens, Android and iOS compatible, Waterproof Lenovo TAB 2 A7-10 select
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  • LIFE & CULTURE
    • 584 28 Ralph Lauren, Calvin Klein offer classic stuff at the star-studded event AFP New York NEW York Fashion Week wrapped up on Thursday with collections from American design royalty as Ralph Lauren offered cashmere elegance and Calvin Klein urban eroticism
      AFP; PHOTO: AFP, REUTERS  -  584 words
    • 288 28 AFP Tokyo THEY may not sell as many records as in their heydey but glam rockers Kiss have inspired a Japanese convenience store to concoct a spicy steamed bun to commemorate the band’s 40th anniversary. Circle K Sunkus promises Chili Tomato Man bread
      AFP  -  288 words
  • Page 28 Miscellaneous
    • 331 28 CRYPTIC CROSSWORD Across 1 Veto decision thus? (7,4) 9 Name adopted by red China strangely becomes an obstacle (9) 10 Politician wanting information about boundaries of Rye (5) 11 Colour of old cooker? (6) 12 Secret regularly concealed in a perfect opening (8) 13 Leading actor pious man reviewed reacts
      331 words