The Business Times, 4 March 2015

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Microfilm: NL33430
Total Pages: 26
1 26 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Wednesday, March 4,2015
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  • DAILY DIGEST
  • Article, Illustration
    Lock icon MPs urge fiscal prudence as social spending increases
    871 1  -  They caution against cultivating mindset of dependency, express reservations on Temasek’s inclusion in govt’s net investment returns framework BUDGET DEBATE By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore IT’S hard to please the House. Calls to help the less able are often heard in
    PHOTO: YEN MENG JIIN  -  871 words
  • Article, Illustration
    Lock icon Singapore PMI contracts in Feb for third month in a row
    633 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Singapore Purchasing Managers’ Index (PMI) contracted for the third straight month in February with a reading of 49.7 points, dipping 0.2 point from January, as new orders continued to decline. While lower
    Source: Singapore Institute of Purchasing and Materials Management  -  633 words
  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 3,422.11 +18.22 KL COMP 1,821.25 +4.12 NIKKEI 225 18,815.16 -11.72 HANG SENG 24,702.78 -184.66 SHENZHEN B 1,107.45 -9.89 Dow (11am EST) 18,198.79 -89.84
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      19 1 Hill 8 '*****1 *****4 IT GIANT EXPANDING Apple heads for CapitaGreen with 35,000 sq ft lease REAL ESTATE 10
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      Lock icon Page 1 Advertisements Column 2
      21 1 INDIA ECONOMY Focus on access, R&D and global connectivity OPINION/18 ANALYSIS Developers’ FY14 results belie home sales softness COMPANIES MARKETS 5
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      71 1 CURRENCY RISK Making a case for hedging currency exposure EXECUTIVE MONEY/26 nn: ■■fl < 5 S i ZSl ral sr* tiii IT m n Getaway, everyday. Hilltops, your personal getaway. Away from your 8 to 5, away from the everyday. A garden retreat in the heart of the city, complete
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  • TOP STORIES
    • Article
      Lock icon MPs hail SkillsFuture but raise concerns
      467 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE SkillsFuture movement has the potential to be the “secret weapon” in Singapore’s arsenal as the country aims to keep its competitive edge in a changing global landscape. This was the view of Liang Eng Hwa, chairman of
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    • Article
      Lock icon Correction
      75 2 IN “Hyflux earnings for FY14 up 31% at S$5 7.47m” (BT, Feb 28), we wrongly reported that other income soared to S$170 million from S$10.2 million a year earlier as “taxes previously accrued were reversed”. The amount includes divestment gains of S$103.8 million and S$54.1 million from, respectively, a
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    • Article
      Lock icon Workers’ Party calls for CPF payout age to be lowered to 60
      764 2  -  Its MPs suggest that payout-eligibility age be de-linked from retirement age and re-employment age BUDGET DEBATE By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE opposition Workers’ Party (WP) on Tuesday reiterated its call to allow Central Provident Fund (CPF)
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    • Article
      Lock icon On retirees, mothers, and productivity
      671 2  -  By Chuang Peck Ming peckming@sph.com.sg Singapore HAS the push for older men and more women to work affected productivity growth? The question wasn’t explicitly asked when the Budget debate kicked off on Tuesday, but the implication was made in some of the points raised by
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    • Article, Illustration
      Lock icon Fiscal debate should be about taxes, not prudence
      570 2  -  COMMENTARY By Wong Wei Kong weikong@sph.com.sg @WongWeiKongBT THE opening day of the Budget debate on Tuesday saw lawmakers raise concerns over fiscal prudence and sustainability. Indeed, this was a core theme that emerged, and one that looked to have found resonance. But
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    • Article
      Lock icon Single Asean prospectus for cross-border listings
      457 3  -  It aims to make the region an attractive fund-raising hub and give issuers from signatory states faster line to capital By Pauline Ng btworld@sph.com.sg Kuala Lumpur A STREAMLINED review framework (SRF) for a common Asean prospectus is expected to provide issuers more opportunities and
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    • Article
      Lock icon Car dealers see changes to CEVS as overkill
      704 3  -  By Samuel Ee samuelee@sph.com.sg Singapore THE bands and rebates of the Carbon EmissionsBased Vehicle Scheme (CEVS) were likely tweaked because the government expects revenue from motor-vehicle taxes to eventually stagnate with an increasing supply of Certificates of Entitlement (COEs), some motor distributors
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    • Article
      Lock icon 43 firms part of Singapore’s Travel Smart Network
      413 3  -  By Samuel Ee samuelee@sph.com.sg Singapore NO employers have dropped out of the Travel Smart Network initiative since it was launched last July and to date, a total of 43 organisations have signed up, Transport Minister Lui Tuck Yew said on Tuesday. In
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    • Article, Illustration
      Lock icon Micron starts work on US$4b wafer fab expansion
      840 4  -  Demand for 3D NAND flash memory rising significantly with big new customers coming on board By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SEMICONDUCTOR giant Micron Technology kicked off a US$4 billion expansion of its wafer fab on North Coast Drive in Woodlands
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    • Article
      Lock icon Lower growth target expected to be set at China congress
      642 4  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S National People’s Congress (NPC) will convene from Thursday for the next 10 days, when about 3,000 delegates will validate the government’s work over the past year and approve general policies for this year. The
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    • Article
      Lock icon Crowdfunding platform awaits MAS green light
      551 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore JUST two weeks after the Monetary Authority of Singapore (MAS) proposed regulations for securities-based crowdfunding, a new equity and lending-based crowdfunding platform has emerged. FundedHere set up by Tembusu Partners co-founder Andy Lim will launch once it receives
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      124 2 NOMINATIONS CLOSING SOON The Singapore Energy Award is a biennial award that seeks to recognise organisations and individuals that have made outstanding contributions to Singapore’s energy sector, through achievements in the areas of capabilities development and/ or innovation. Judging Criteria All nominations will be evaluated according to the following criteria:
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      87 3 An epic adventure awaits. Now flying daily to New Zealand. Air New Zealand now connects you from Changi Airport to Auckland, Christchurch and over 20 domestic destinations. Begin your adventure at airnewzealand.com.sg AIR NEW ZEALAND r > m HASTINGS CHRISTCHURCH mmm A-' V, rt- ri. y- r/ y //> <■"
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      304 4 2 fir r lr k F Spring Blossoms VT ■C* *v it AJr Kk.r x 5H JP --r* v- ,7 v 3f; ■T 1 V P r:«3 Embrace the exuberance of Spring with 10 at Claymore’s Precious Plates of Treasure, featuring Poached Lamb-Foie Gras Dumpling, Barramundi steamed in a Tangy
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  • COMPANIES & MARKETS
    • Article
      Lock icon Developers’ FY14 results belie home sales softness
      913 5  -  Performances were helped by “locked in” sales and one-time gains TTANALYSIS By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE mixed crop of results produced by Singapore property developers in FY2014 belies the underlying softness of domestic home sales. Although performances have largely met market
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    • Article, Illustration
      Lock icon Sino Construction shares take another hard knock
      283 5  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SINO Construction took another hit on Tuesday, with another 48.7 per cent of its value wiped off during the session. This comes after its share price had tumbled 55.8 per cent on Monday, after the company
      Source: Bloomberg  -  283 words
    • IN BRIEF
      • Article
        Lock icon Midas wins US$58.3m contract for US rail project
        64 5 MIDAS Holdings has won a US$58.3 million contract to supply aluminium alloy extrusion profiles and fabricated parts for a rail project in the United States. This marks the firm’s single largest export contract and its first rail contract in the US. The
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      • Article
        Lock icon Five companies placed on SGX watch-list
        101 5 FIVE firms said they have been notified by Singapore Exchange (SGX) that they will be placed on the watch-list effective March 4 following the notice of three consecutive years of losses. They are Advance SCT, CNA Group, Great Group Holdings, Sinotel Technologies and Si2i.
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    • Article
      Lock icon Genting HK to acquire Crystal Cruises for US$550m from NYK
      398 6  -  Leisure, entertainment and hospitality group plans to add a third vessel to the luxury cruise line’s fleet By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore IN a bid to expand its cruise business worldwide, Genting Hong Kong plans to acquire luxury cruise
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    • Article
      Lock icon Don’t overlook mid-size firms: HSBC report
      427 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore MID-SIZE companies get less attention than their smaller and larger peers but actually play a crucial role in Singapore’s economy, HSBC said in a report yesterday. Those in the business services sector contribute the most to economic activity
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    • Article
      Lock icon PICTET
      270 6 Pictet-Absl Rtn Fxd Inc-HP EUR 26/02/2015 EUR 104,35 Pictet-Absl Rtn Glo Div-P EUR 26/02/2015 EUR 120,19 Pictet-Asian Equities Ex Japan-P USD 27/02/2015 USD 208,86 Pictet-Asian Local Currency Debt-P USD 27/02/2015 USD 147,66 Pictet-Biotech-P USD 26/02/2015 USD 771,69 Pictet-Clean Energy-P USD 26/02/2015 USD 87,06 Pictet-Digital Communication-P USD 26/02/2015 USD 228,41
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    • Article
      Lock icon IReit expects stiff property competition
      392 6  -  By Fiona Lam fionalam@sph.com.sg Singapore IREIT Global, which has office properties in Germany, expects competition for commercial properties there to be “intense”, due to the massive liquidity from the European Central Bank’s easing stimulus as well as the weakened euro and low interest rates in
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    • Article
      Lock icon Genting Singapore’s RWS to borrow S$2.27b
      305 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GENTING Singapore’s Resorts World Sentosa plans to raise S$2.27 billion of bank loans, Bloomberg reported, citing sources familiar with the deal. The five-year syndicated deal will be split into a S$ 1.75 billion amortising term loan, a S$500
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    • Article
      Lock icon Frasers Centrepoint in mega perpetual bond issue
      331 6  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore NOT only is Frasers Centrepoint’s perpetual bond issue the first perpetual deal for 2015, it is a whopper at S$700 million. On Monday, Frasers Centrepoint sold S$700 million of perpetual bonds NC5 5 per cent, the
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    • Article
      Lock icon Noble chairman boosts his stake in company to 21%
      429 6 BLOOMBERG REUTERS Singapore NOBLE Group’s chairman and founder increased his holding in Asia’s biggest commodity trading house as Standard Poor’s said the company’s credit rating was unaffected by criticism over its accounting practices. The shares gained S$0.065 to S$1.01 on Tuesday.
      BLOOMBERG; REUTERS  -  429 words
    • Article
      Lock icon IIF shines spotlight on mutual funds & exchange-traded funds
      761 7  - IIF shines spotlight on mutual funds exchange-traded funds Covering both advanced economies and EM, it’ll track trends in their asset allocation to avert future crises By Anthony Rowley btworld@sph.com.sg Tokyo IN a move designed to help avert the danger of systemic financial crises, the Institute of International Finance (IIF) in
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    • Article
      Lock icon Value of Thai funds’ foreign portfolios hits record
      298 7 REUTERS Bangkok MAJOR Thai funds have increased the size of their foreign portfolios to a record, chasing higher returns and more investment options in the face of low-yielding domestic government bonds and a sputtering economy. The value of foreign investment funds (FIFs)
      REUTERS  -  298 words
    • Article, Illustration
      Lock icon STI / Catalist
      61 8 STI Catalist Straits Times Index March 3,2015 3,422.11 +18.22 (+0.54%) Current streak 2 days Day high 3,430.81 Day low 3,415.70 52-week high 3,444.57 (Feb 11,2015) 52-week low 3,057.20 (Mar 20, 2014) FTSE ST Catalist Index March 3,2015 692.47 -5.39 (-0.77%) Current streak 3 days Day high 699.80 Day low 691.47
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    • Article, Illustration
      Lock icon Jardine and bank stocks push STI up
      640 8  -  Noble Group also lends support, with its 7% rebound to S$1.01 contributing about 3.4 points to the index STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) rose 18.22 points or 0.54 per cent to 3,422.11 on Tuesday to go with
      Source: Bloomberg  -  640 words
    • Article
      Lock icon STI STOCKS
      318 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 251 unch 253/249 263 213 5.7 6346.2 CapitaLand 360 unch 364/359 371 268 13.2 2.5 *****.5 CapitaMall Trust 216 +1 216/213 226 186.5 5 7493.1 CityDev 1026 cd +9 1034/1020 1118 907
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Golden Agri-Res 129,068,000 Noble 64,963,200 SinoConstruction 56,767,300 IHC 42,557,300 Pacific Andes 37,696,500 Market volume 1,461,302,000 VALUE DBS Grp 86,190,334 SingTel 79,393,662 Noble 64,723,512 Golden Agri-Res 53,268,368 UOB 47,527,911 Market value 1,189,375,000
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    • Article
      Lock icon SGX ETFs Most Active
      110 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US822 +9 88 824/814 1000/580 820/822 102.8 UETF SSE50China 228 64 230/225 238/140 225/228 71.3 STI ETF 341 +2 61 342/340 349/305 340/342 IS Asia BND US US1065 xd +5 56 1065/1060
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 3 VALUE CLOSE BT OB/OS -293.00 -88.00 BT CADI -*****.00 -51.00 BT 10-day MA -*****.00 -30.00 FTSE ST Mid Cap 783.25 +2.24 FTSE ST Small Cap 486.99 -1.08 FTSE ST All Share 821.15 +3.67 FTSE ST China Top 191.23 +0.86 FTSE ST China 236.33 +2.01 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 8 STI FTSE ST All-Share ftse ST All-Share index March 3,2015 821.15 +3.67 (+0.45%) Current streak 1 day Day high 822.91 Day low 819.99 52-week high 827.11 (Feb 11,2015) 52-week low 745.24 (Mar 20, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index March 2,2015 1,879.48 -6.78 (-0.36%) Current streak 1 day Day high 1,887.30 Day low 1,876.40 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 5 0 0 0 4 6 5 Manufacturing 42 59 36 5 10 14 47 69 50 Commerce 20 18 22 3 7 2 23 25 24 Tpt/Stor/Comms 11 16 14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,088 22,088 63,585 63,585 Manufacturing 218,779 64,138 282,917 129,783 2,710 132,494 Commerce 163,588 27,605 191,193 126,763 767 127,530 Tpt/Stor/Comms 111,340 49 111,389 191,022 4 191,026 Finance 30,447 283 30,730 191,011 68 191,078 Construction 81,567 8,943
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    • Article
      Lock icon GAINERS
      72 8 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 639.2 2.6 *****/***** JMH USD 6599 197.6 2.2 6788/5552 JSH USD 3584 114.5 2.4 3810/3227 SPDR S&P500 US$ ***** 54.5 0.2 *****/***** DBXT E50 US$ 5090 51.8 0.8 5630/4562 BY PERCENTAGE CLOSE UP 52w high/low Hosen 8 37.9 2.2
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -129.5 -0.8 *****/***** Jardie C&C 4300 -42.0 -1.0 4901/3821 DBXT CSI300 US$ 976 -40.9 -3.0 1044/613 DBXT iBoxxSing SG$ ***** -10.0 -0.1 *****/***** Lyxor Mal US$ 928 -6.8 -0.5 1101/892 BY PERCENTAGE CLOSE DOWN 52w high/low ISDN W*****0 0.3 -85.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 VOL CLOSE($) CHANGE Hosen 135.0 0.080 +0.022 +37.93 Next-Gen Sat 24,000.0 0.004 +0.001 +33.33 Chinese Global 150.0 0.004 -0.001 -20.00 Nippecraft 1,162.2 0.036 +0.004 +12.50 SinoConstruction 56,767.3 0.060 -0.057 -48.72 Uni-Asia 1,447.2 0.141 -0.019 -11.88 Smartflex 2,153.0 0.220 +0.030 +15.79 VGO 50.9 0.180 +0.020 +12.50 Lasseters Intl 30.2
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    • BROKERS’ TAKE
      • Article
        Lock icon Hock Lian Seng Holdings
        115 8 increase exposure March 3 close: S$0.395 Target price: S$0.505 Voyage Research, March 3 HOCK Lian Seng Holdings Ltd (HLS) announced a strong set of results for the financial year ended Dec 31, 2014. Revenue spiked from S$86.7 million to S$261.6 million, while profit after tax and
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      • Article
        Lock icon Tat Hong Holdings
        180 8 Hold March 3 close: S$0.725 Target price: S$0.75 OCBC Investment Research, March 3 TAT Hong announced that its wholly owned subsidiary, Tutt Bryant Group Ltd (TBG), has entered into a conditional sale and leaseback agreement for four of its Australian properties with Primewest Funds Ltd at an
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      • Article
        Lock icon Golden Agri-Resources
        131 8  -  Compiled by Kenneth Lim Buy March 3 close: S$0.415 Target price: S$0.53 dmg Partners Research, March 2 GOLDEN Agri’s earnings appear to have turned the corner, with its oilseed segment booking two straight quarters of improvement. Upgrade to “buy” (from “neutral”) with a S$0.53 target price (29 per
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    • Article
      Lock icon CALENDAR
      18 8 DATA I 4pm (March 4) Singapore COE bidding results I 8pm (March 4) US MBA mortgage applications
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    • Article
      Lock icon US$ weak, but keeps two-year high against yuan
      403 9 CURRENCIES AFP Tokyo THE US dollar slipped on Tuesday following mixed US data, but it was sitting near a two-year high against China’s yuan after Beijing cut interest rates at the weekend for the second time in three months. In Tokyo, the
      AFP  -  403 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.979 4.906 0.699 6.064 48.359 101.429 0.937 8.574 2.832 1.037 79.678 34.461 1.066 9.173 0.750 24.536 25.294 0.509 0.782 Canada 1.022 5.014
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
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      • Article, Illustration
        Lock icon DOW JONES
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Mar 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0654 1.0670 0.7817 0.7823 Canadian dollar 1.0890 1.0902 0.7993 0.7990 Euro 1.5251 1.5266 1.1190 1.1193 NZ dollar 1.0271 1.0285 0.7536 0.7541 Sterling pound 2.0955 2.0977 1.5375 1.5380
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Mar 3 S$ Bid Offer 1-month 1.3643 1.3656 2-months 1.3650 1.3663 3-months 1.3659 1.3673 6-months 1.3678 1.3694 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        212 9 Mar 3 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Joyas Intl W*****5 0.2 -1 ***** 1 5 136 11.00 10 Rowsley Ltd W*****3 3.3 -0.2 5575 1 18 19 Singapore Post MB eCW*****7 1.9 -0.5 4050
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 2 Index Change Change Change Change Change Change World Preliminary 1344.3 0.3 5.4 0.5 6.9 0.1 3.8 EAFE Preliminary 1078.2 0.1 9.3 0.0 9.1 -0.4 5.9 Europe Preliminary 1519.4 0.0 10.0
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        365 9 Mar 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.52 *****.52 *****.57 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****3 Jun15 *****.00 *****.00 *****.00 *****.00 686 9255 MSCI TAIWAN INDEX FUTURES SPOT 357.52 357.79 354.76 Mar15 357.10 358.90 355.20 356.60 ***** *****5 Apr15 357.30
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 3 $S Offer Bid 0vernight 0.15 0.05 1-month 0.6875 0.5625 2-months 0.6875 0.5625 3-months 0.8750 0.7500 Overnight mode: 0.50 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon SIBOR
        36 9 Mar 3 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 9 Mar 3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.58 5-Year N*****0H 1.625 01-Oct-19 99.55 10-Year NY*****H 3.000 01-Sep-24 105.75 105.70 105.70 15-Year NY*****E 2.875 01-Jul-29 103.08 103.22 103.14 20-Year NZ*****V 3.375 01-Sep-33 108.85 109.15 108.90 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        252 9 Mar-2 Price Net change change Last Trade Agricultural Mar-2 CBOT Soybeans (US cents/bu) 1011.25 -19.50 -1.89% 13/03/2015 CBOT Soybean Oil (US cents/lb) 32.65 -0.15 -0.46% 13/03/2015 CBOT Wheat (US cents/bu) 508.00 -9.50 -1.84% 13/03/2014 Mar-2 LIFFE Cocoa (£/tonne) 2037.00 2.00 0.10% 16/03/2015 LIFFE Coffee (US$/tonne) 1867.00 -4.00 -0.21%
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      Lock icon Page 5 Advertisements Column 1
      503 5 24 26 March 2015 Singapore EXPO Hall 1 2 www.tyrexposeries.com/asia Have You Pre-Registered for Tyrexpo Asia 2015? Your One-Stop Business Platform for Tyres, Workshop Equipment Accessories in Asia GAIN INSIGHTS from over 15 sessions of TyreTalk Seminars NETWORK with over 250 leading tyre industry players from over 20 countries MAXIMISE
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      Lock icon Page 6 Advertisements Column 1
      163 6 ucr Preserving Health and Longevity HEART, STROKE CANCER CENTRE Worried about Bl\v» I Heart Attack? m CT Coronary Angiogram at $399 few? CALL (+65) 6881 8811 FOR YOUR APPOINTMENT TODAY 4 The abovementioned price is not inclusive of CT IV contrast. Kindly present this during your visit. HEART, STROKE CANCER
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      350 7 A STProperty EVENTS All prices are inclusive of GST TICKETS NORMAL 1-Day Pass 2-Day Pass $25 $40 ‘Early bird price ends 30 March 2015 i tv s= EARLY Bl PD $18 $30 STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 Date: Saturday Sunday
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      Lock icon Page 7 Advertisements Column 2
      152 7 6411 9608 6389 7914 ADMISSION ITSHOW 19-22 MARCH 2015 SUNTEC SINGAPORE LEVELS3,466 12-9PM TRADE-IN TECH SHOWCASE Trade-in your old faulty laptops, tablets or smartphones and get CASH VOUCHERS to spend at IT SHOW! •Terms and conditions Experience Innovation fast forward with Lenovo’s new miniature movie box Installed with the perfect
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Apple heads for CapitaGreen with 35,000 sq ft lease
      705 10  -  It also has options to lease more space in the recently completed Grade A office project on Market Street By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore APPLE is on an expansion trail in Singapore. It is said to have inked a lease
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    • Article
      Lock icon S’pore room rates down 9% last year: Hotels.com
      477 10  -  By Prisca Ang prisang@sph.com.sg Singapore HOTEL rates in Singapore fell 9 per cent last year on the back of geopolitical tensions and a series of aviation incidents, signifying more affordable holidays for travellers to the Republic. This is according to the most
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    • Article
      Lock icon Australia orders China firm to sell Sydney mansion
      402 10 BLOOMBERG Canberra AUSTRALIA’S government has ordered a company owned by China’s Evergrande Real Estate Group to sell an A$39 million (S$41.4 million) Sydney mansion as it cracks down on illegal home-buying by foreigners. Golden Fast Foods has 90 days to sell Villa
      BLOOMBERG  -  402 words
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      Lock icon When golden-visa buys may not be good buys
      801 10 BUYING IN EUROPE BLOOMBERG Lisbon BILLBOARDS in Chinese at Lisbon’s international airport peddling luxury properties leave little doubt about who is buying real estate in Portugal. While the ads offer a chance at securing a so-called golden visa to live in Portugal
      BLOOMBERG; PHOTO: BLOOMBERG  -  801 words
    • Article
      Lock icon Brits lead charge as homes in Spain attract buyers again
      629 10 Two-bedroom bungalows in gated estates going for as little as 75K euros BLOOMBERG Madrid LONDONER Barry Leverington says that he figures his money is better off in a Spanish home than earning next to nothing in a British savings account.
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      Lock icon Mumbai property makeover set to please builders
      1093 11 City proposes changes to rules that may allow developers to raze slums and build taller towers BLOOMBERG Mumbai MUMBAI is seeking to amend its 24-year-old building rules that allowed slums to mushroom and kept housing beyond the reach of most of its 19
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      64 10 For Sale By Expression Of Interest 6-Storey B1 Industrial Building in the East Walking distance to Eunos/Paya Lebar MRT Balance Lease: Approx. 26 years No Land Rent Payable Closing Date 18 March 2015, Wednesday by 2pm For enquiries, call: Wong Teng Teng +65 9815 8218 CEA Registration No. R*****8D Gerald
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      2974 11 The Business Times Ik 1 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg J J i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ARALDI 1930 (ASIAN PARTNERS) PTE. LTD. COMPANY REG. NO. *****0711N (IN MEMBERS’ VOLUNTARY WINDING UP) NOTICE
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  • BANKING & FINANCE
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      Lock icon Current star at JPMorgan Chase is its consumer banking division
      1104 12 Its wall Street business is being weighed down by regulatory pressures and continued low interest rates NYT New York ONLY in a few places is a reversal of fortunes in the financial industry more vividly illustrated than at JPMorgan Chase.
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    • Article
      Lock icon Big US banks batten down as tighter regulation looms
      652 12 They are cutting bonuses, shedding staff and some speculative businesses AFP New York FACED with increased regulation beginning in 2017, the major US banks are taking restructuring steps, shedding staff and some speculative businesses, and cutting bonuses. Taking a machete to
      AFP  -  652 words
    • Article
      Lock icon Barclays takes £750m charge in Q4
      670 12 REUTERS London BARCLAYS took a £750 million (S$1.57 billion) charge in the fourth quarter as it prepares to settle allegations that its traders manipulated foreign exchange markets, overshadowing the bank’s efforts to slash costs and boost profits. Past conduct problems continue to dog Barclays
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      Lock icon European Banking Authority will not run stress tests in 2015
      350 12 REUTERS Milan THE European Banking Authority (EBA) will not run stress tests to gauge whether European banks can withstand shocks this year, it said on Tuesday, acknowledging the progress made by lenders in beefing up their finances. “Instead of a
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    • Article
      Lock icon Legislator says BOE’s forex probe ‘seriously incomplete’
      340 12 REUTERS London A PROBE by the Bank of England (BOE) into what central bank staff knew of malpractice in London’s foreign exchange market failed to scrutinise officials closely enough and was “seriously incomplete”, a senior lawmaker said on Tuesday. Last year, the BOE’s
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  • ENERGY & COMMODITIES
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      Lock icon Russian steel mills strike it rich after rouble’s collapse
      830 13 low costs at home and export earnings in US$ or euros lift profit margins and help undercut global rivals BLOOMBERG MOSCOW THE collapse of the rouble, which has pushed up prices for millions of Russians as the economy slides into recession,
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    • Article
      Lock icon LME plans to strengthen oversight of metal warehouses
      564 13 BLOOMBERG London THE London Metal Exchange (LME) wants metal to leave its warehouses faster. Storage facilities with the longest wait times may have to deliver metal in half the time and face new restrictions on possible “merry-go-round” deals that shift metal within
      BLOOMBERG  -  564 words
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      Lock icon US gulf to receive flood of oil as glut in midwest grows
      547 13 BLOOMBERG Houston THE flood of oil inundating the US Midwest is about to cascade down to the Gulf Coast. Bulging inventories at tanks in Cushing, Oklahoma, the country’s biggest storage hub and delivery point for US benchmark futures,
      BLOOMBERG; PHOTO: AFP  -  547 words
    • Article
      Lock icon Unexpected mining cutbacks point to copper price recovery
      794 13 With mines producing less, any surplus is expected to be soaked up by top user China, say analysts BLOOMBERG London COPPER mines from Australia to Zambia are confounding forecasters as slumping prices and mine disruptions threaten to erase a global production surplus.
      BLOOMBERG  -  794 words
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  • TECHNOLOGY
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      Lock icon Indian phone carriers battle to survive with airwaves thrown open
      1039 14 Airwaves up for auction account for almost half of US$19b in revenue for the four largest operators BLOOMBERG New Delhi THE Indian government will open the bidding Wednesday for airwaves already in use by the biggest carriers, including Bharti Airtel
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      Lock icon Hewlett-Packard agrees to buy Wi-Fi gear maker Aruba for US$2.7b
      630 14 Deal expected to boost HP’s networking business and help growth in China BLOOMBERG New York HEWLETT-PACKARD Co has agreed to acquire Aruba Networks, a maker of wireless network infrastructure used by hotels, universities and shopping malls, for US$2.7 billion in
      BLOOMBERG; PHOTO: AFP  -  630 words
    • Article
      Lock icon Apple-Google antitrust settlement wins US court approval
      583 14 BLOOMBERG San Jose APPLE Inc and Google Inc won preliminary court approval of a US$415 million antitrust settlement that would end a four-year battle over claims that they and other companies conspired to avoid hiring from each other. The ruling brings to a
      BLOOMBERG  -  583 words
    • Article
      Lock icon Zuckerberg seeks peace with telcos in ‘Web for all’ efforts
      452 14 REUTERS Barcelona FACEBOOK Inc founder Mark Zuckerberg was on hostile turf as he spoke to executives at the world’s biggest annual gathering of the mobile industry, renewing attempts to win their backing to help reach billions of users with no
      REUTERS  -  452 words
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      28 14 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • CONSUMER
    • Article
      Lock icon Sotheby’s braces for new shareholder fight
      772 15 Auction house’s battle with investor Daniel Loeb and search for new CEO prove costly as 2014 profit falls 9% BLOOMBERG New York SOTHEBY’S may find itself in a new shareholder fight even as its battle with billionaire investor Daniel Loeb and search for a
      BLOOMBERG  -  772 words
    • Article
      Lock icon Swiss hearing aid maker Sonova to move jobs, freeze pay
      520 15 REUTERS Zurich SONOVA, the world’s largest maker of hearing aids, will shift jobs out of Switzerland and freeze pay for Swiss staff as it cuts costs to cope with a surge in the value of the franc. Switzerland’s central bank
      REUTERS  -  520 words
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      Lock icon Infant formula’s in the mail as Chinese consumers buy online
      746 15 It is one of the main items customers send to China via Dutch postal service BLOOMBERG Beijing AS Chinese consumers fret about whether locally produced infant formula is safe, the Dutch postal service has a burgeoning new line of business:
      BLOOMBERG; PHOTO: REUTERS  -  746 words
    • Article
      Lock icon Corruption crackdown deters Macau gamblers
      644 15 BLOOMBERG Shanghai MACAU gaming revenue almost halved in February as a crackdown on corruption in China kept high-stakes gamblers away during the peak Chinese New Year holiday period. Gross gaming revenue in the world’s biggest gambling hub fell 49 per cent to 19.5 billion patacas
      BLOOMBERG  -  644 words
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      30 15 Shop vacancy rates of malls in SIP may spike as 1m sqm of new retail space hits the market iim 43)501:."! (’2%$9 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • GOVERNMENT & ECONOMY
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      Lock icon Economic prospects brighten even as ECB is set to start bond buying
      738 16 Focus may shift to ending stimulus programme if the recovery continues and inflation hits ECB target BLOOMBERG Frankfurt THE euro area economy has taken a step in the right direction. While improving conditions over the past month won’t
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    • Article
      Lock icon China’s overseas SOE assets not audited: Xinhua
      362 16 REUTERS Shanghai CHINA does not audit the four trillion yuan (S$868.8 billion) of assets that its state-owned enterprises (SOE) hold overseas, Xinhua news agency has reported, highlighting difficulties the government faces when expanding its anti-corruption drive to SOEs. Anti-graft authorities will inspect major
      REUTERS  -  362 words
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      Lock icon Greece to hurry reform proposals for EU loans, says finance minister
      361 16 AFP Athens GREECE will speed up its reform proposals to its international creditors to unlock vital loans, its finance minister said on Tuesday. “(On March 9) I will submit a folder of six proposals and discuss with our peers
      AFP  -  361 words
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      Lock icon S Korea inflation eases to slowest pace in 15 years
      423 16 Analysts say central bank will probably cut its seven-day repurchase rate to 1.75% from 2% in Q2 BLOOMBERG Seoul INFLATION in South Korea slowed to the weakest pace in more than 15 years amid declining energy-import costs and softness in
      BLOOMBERG; PHOTO: AFP  -  423 words
    • Article
      Lock icon RBA signals further easing after leaving benchmark unchanged
      673 16 Traders are pricing in 2 more quarter percentage point cuts in the next 12 months BLOOMBERG Sydney THE Reserve Bank of Australia (RBA) said further interest-rate cuts could be needed to bolster growth after it unexpectedly left its benchmark unchanged. The currency
      BLOOMBERG  -  673 words
    • Article
      Lock icon TPP accord possible by early June: Japan official
      711 17  -  The US and Japan will resume bilateral negotiations on the trade pact in Tokyo on Thursday By Anthony Rowley btworld@sph.com.sg Tokyo AGREEMENT among the 12 countries currently negotiating entry to the Trans-Pacific Partnership (TPP) should be possible by “the end of May
      711 words
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      Lock icon Abe faces questions about political donations
      455 17 His govt will be hit hard if more ministers step down due to scandals, say political analysts REUTERS Tokyo JAPANESE Prime Minister Shinzo Abe on Tuesday said he received donations from firms that got government subsidies, the first time he himself has faced questions
      REUTERS; PHOTO: AFP  -  455 words
    • Article
      Lock icon Russia’s Reserve Fund shrinks most in over four years as budget gap widens
      434 17 Value of fund falls US$8b in February to US$77.1b, lowest since Dec 2010 BLOOMBERG MOSCOW RUSSIA’S Reserve Fund, one of the country’s two sovereign wealth funds, dropped last month the most in more than four years as
      BLOOMBERG  -  434 words
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      Lock icon India extends oil ministry leaks probe to defence ministry
      612 17 REUTERS New Delhi THE Indian government has widened an investigation into leaks of confidential documents from its oil ministry to include the defence ministry, raising fears that other secrets vital to national security may have fallen into the wrong hands. The
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      Lock icon China probes top ex-military officer for graft
      447 17 REUTERS Beijing CHINA is investigating a second former top military officer on suspicion of corruption, two independent sources told Reuters, as President Xi Jinping widens his campaign against deep-rooted graft in the country. Guo Boxiong, 72, was a vice-chair-man of the powerful Central
      REUTERS; REUTERS FILE PHOTO  -  447 words
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  • OPINION
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      Lock icon For Asia to tackle income inequality, economic growth is not enough
      543 18 EDITORIAL THERE is far less talk now than in the past about the Asian “economic miracle”. Not only have growth rates in the region moderated as the economic base has expanded but also it is becoming increasingly clear that
      543 words
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      Lock icon Progress elusive despite long-drawn talk of reforms at UN
      788 18  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter at: @FrankChing1 LAST weekend, Beijing ended its one-month rotating presidency of the United Nations Security Council. This was an opportunity for
      788 words
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      Lock icon Focus on access, R&D and global connectivity
      1025 18  -  India’s declining innovation performance as compared to other countries is crying out for timely policy intervention by the government. BY ASIT K BISWAS AND KRIS HARTLEY government.BY ASIT K BISWAS, KRIS HARTLEY T Asit K Biswas is distinguished visiting professor at the Lee
      PHOTO: BLOOMBERG  -  1,025 words
    • Article
      Lock icon Sieve aspiring lawyers by Bar exam, not the varsity they went to
      867 19  -  COMMENTARY By Choo Zheng Xi T The writer is a director of Peter Low LLC. He is a graduate of the National University of Singapore and New York University THE recent delisting of eight UK universities from the
      867 words
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      Lock icon Getting the formula for CEO pay right
      1295 19  -  A value creation component is essential to better gauge the true increase in shareholder value. So too is a strong disincentive to discourage CEOs from acting unethically. BY TAN CHONG HUAT, TAN LAY HONG AND CH'NG LI-LING BY TAN CHONG HUAT, TAN LAY
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    • Article
      Lock icon SGX, do elaborate on rationale for continuous trading
      177 19  -  LETTER TO THE EDITOR Natarajan A RECENTLY, Chew Su Tat of the Singapore Exchange (SGX) commented in the local media on the issue of continuous all-day trading (CAT) in our local bourse. While I acknowledge that CAT was implemented in August 2011
      177 words
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      Lock icon Electorate not forgotten in India’s pro-business budget
      953 19  -  By Yogi Aggarwal T The writer is a Mumbai-based journalist THE Indian budget presented in parliament on Feb 28 by Finance Minister Arun Jaitley gives substance to Prime Minister Narendra Modi’s view of where he wants the country to go and yet has
      953 words
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  • TRANSPORT
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      Lock icon Takenaka wins tender for Changi T1 expansion works
      463 20  -  Works will commence in March 2015 and are slated for completion in 2019 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CHANGI Airport Group (CAG) has awarded a S$323 million contract to Takenaka Corporation for expansion works at Terminal 1 (T1). The contract was
      463 words
    • Article
      Lock icon Takata to double replacement airbag output
      172 20 AFP New York EMBATTLED Japanese auto supplier Takata said that it will double its production of replacement airbags in the next six months in response to a massive global safety recall. Takata, under fire from safety regulators over defective airbags linked to at least
      AFP  -  172 words
    • Article
      Lock icon Reducing airline fraud risk through in-flight credit card authorisation
      515 20  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore AIRLINES are being offered a solution which leverages on a plane’s existing equipment to reduce the risk of credit card fraud for in-flight purchases, which could help boost ancillary revenue. The service, which allows
      515 words
    • Article, Illustration
      Lock icon No sign of MH370 debris in underwater hunt: Australia
      452 20 AFP Sydney THE intensive underwater hunt for missing plane MH370 has so far turned up just a few shipping containers and no sign of the jet, the head of the Australian agency leading the search said on Tuesday. The plane vanished
      AFP; PHOTO: AFP  -  452 words
    • Article
      Lock icon Slow steaming likely to be here to stay
      854 20  -  TTSTRAIT TALK BY DAVID HUGHES BUNKER prices have dropped dramatically over the past year, ending for now at least a long period where fuel costs were increasing relentlessly. The chairman of the International Bunker Industry Association (IBIA), Jens Maul Jorgensen, noted recently
      854 words
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      Lock icon United Airlines sees potential fit for B777-300ER, not 777X
      376 20 REUTERS New York UNITED Airlines has no immediate interest in purchasing 777X aircraft from Boeing Co, but views the plane’s predecessor, the 777-300ER, as a potentially good fit for its network, the carrier’s chief financial officer, John Rainey, told Reuters. While
      REUTERS  -  376 words
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      Lock icon Rapid growth at Etihad Airways frustrates rivals
      1415 21 Manner of operation of ambitious M-E carrier has become critical in a contentious battle with airlines, unions in US NYT Abu Dhabi EMERGING from the desert like some giant steel squid, the organic forms of Abu Dhabi’s new airport terminal are starting to
      NYT; PHOTOS: NYT  -  1,415 words
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      Lock icon Fiat’s Agnelli family to tighten grip on Ferrari after spin-off
      762 21 BLOOMBERG Milan ALMOST 70 years after Enzo Ferrari rolled out his first sports car, Ferrari is set to again be family controlled after Fiat Chrysler Automobiles NV spins off the company this year. While public shareholders will own a majority
      BLOOMBERG  -  762 words
    • Article
      Lock icon Shortage of rail cars slows delivery of vehicles by auto makers in US
      814 21 Toyota, Ford forced to find parking space as rail companies scramble to add capacity BLOOMBERG Tokyo RAILROAD companies are struggling to keep up with surging US demand for trucks and sport utility vehicles, frustrating Ford Motor Co
      BLOOMBERG  -  814 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1946 23 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR OCEAN SEAGULL 42 60 9/3 10/3 14/3 16/3 MALAYSIA STAR 43 50 10/3
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  • Page 23 Advertisements
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      106 23 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 TOR BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s^3marftime.coM Ahoy there! If you are in a business pertaining to any sector of
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  • LIFE & CULTURE
    • Article
      Lock icon Fewer women than men with the name ‘John’ run big firms
      838 24  -  The glass ceiling seems firmly in place with just one woman to four men in the top corporate echelons By Justin Wolfers NYT FEWER large companies are run by women than by men named John, a sure indicator that
      NYT  -  838 words
    • Article, Illustration
      Lock icon Gates tops Forbes list with US$79.2b; Jordan scores debut with US$1b
      426 24 REUTERS New York BILL Gates stands atop Forbes magazine’s annual list of the world’s richest people, as Facebook Inc’s Mark Zuckerberg joined the top 20 and basketball star Michael Jordan ploughed new air by making the list for the
      REUTERS; PHOTOS: REUTERS  -  426 words
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      Lock icon From dyslexic dropout to legendary photographer
      710 24 AFP Milan HE may be a Swinging Sixties icon, but British photographer David Bailey up close is a wise-cracking crank who shrugs off his immense success as one of the world’s most famous celebrity photographers. “I’m not proud, I don’t do proud,” he told
      AFP; PHOTOS: AFP  -  710 words
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      Lock icon China’s minister of environment is untested newbie
      423 24 REUTERS Beijing A YEAR after “declaring war”on pollution, China has appointed an inexperienced outsider as its new environment minister tasked with breathing life into a massive clean-up campaign that even optimists say will take decades to complete. Beijing has vowed to reverse the
      REUTERS; PHOTO: REUTERS  -  423 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      314 24 CRYPTIC CROSSWORD Across 1 Put an end to hard drink (6) 5 Bond villain’s not half one to take tips from Smersh he may go round in a tank (8) 9 Primitive weapon for lord hosting an event on grouse moor (10) 10 Stern parent (4) 11 Old king’s regulation
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Making a case for hedging currency exposure
      1330 26  -  It seems even wise to over-hedge these days, given central banks’ preference for QE.BY QE.BY DAVID P KELLY The writer is JP Morgan Asset Management’s chief global strategist FOR global investors, one of the most important investment decisions is always whether to hedge
      PHOTO: AFP  -  1,330 words
    • Article, Illustration
      Lock icon Why Warren Buffett is worth US$72b
      1109 25 There’s more to his success than just being really good at capital allocation NYT New York CONSIDER these two truthful sentences: Academics who study corporate finance overwhelmingly believe that conglomerates giant companies that operate in a wide range of industries, often built through acquisitions
      NYT; PHOTO: REUTERS  -  1,109 words
    • Article
      Lock icon Comfort Delgro leads sells with S$109m
      474 25 ON THE RADAR GLOBAL mutual funds were net buyers of Singapore stocks in the three months to Feb 25. Based on transactions in the top five stocks, there were S$ 1.24 billion worth of net buys, compared to S$1.06 billion of net sells. This
      474 words
    • Article
      Lock icon China’s debt binge spawns asset-backed bond boom
      1038 25 BLOOMBERG Hong Kong BANKS are bundling loans into securities to make room on their balance sheets for more lending amid a fading property boom and stuttering economic growth. This isn’t the US circa 2007, it’s China in 2015. Having banned asset-backed bonds in
      BLOOMBERG  -  1,038 words
  • Page 26 Advertisements
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      299 26 INVEST FOR YOUR FAMILY'S FUTURE IN A FEW SIMPLE STEPS. 3 A s, The path to financial security needn't be a difficult one. It just requires a sense of direction, clear guidance and the kind of investment solutions that offer a simpler way to save. We have been helping families
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      20 26 SAVVY INVESTING Why Warren Buffett is worth US$72 billion 25 CHINA BONDS China’s debt binge spawns asset-backed bond boom /25
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