The Business Times, 16 March 2015

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Microfilm: NL33431
Total Pages: 27
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G E ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, March 16,2015
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  • DAILY DIGEST
    • Article
      Lock icon From forgotten IPO prospectuses
      29 1 to daily announcements, Handshakes draws relationship maps to reveal all past and present associations any person has had all in one browser window.TOP STORIES 2
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    • Article, Illustration
      Lock icon Bulgari’s new CEO
      47 1 says its marketing campaign to sell the Octo watch as the face of its watch line succeeded beyond expectations but the brand known more for its jewellery still has some way to go to be recognised as a top timepiece name. TOP STORIES 4
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    • Article
      Lock icon While Country Garden
      37 1 will not be launching the Forest City project anytime soon, it is accelerating its pace elsewhere, said Liu Zhenyu, group deputy general manager of marketing and general manager of overseas strategy. REAL ESTATE 13
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    • Article
      Lock icon Weeks before Britons
      35 1 get free rein over how to spend their pension pots, industry players say it is unclear how many will choose to leave the safe harbour of an income-bearing annuity. BANKING FINANCE 18
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    • Article
      Lock icon Europe’s largest oil companies
      27 1 are gaining support from an unlikely source as they confront the industry’s worst slump since the financial crisis: lower oil prices. ENERGY COMMODITIES/19
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    • Article
      Lock icon PwC will
      36 1 launch its new Cyber Security Centre of Excellence in Singapore on Monday. It aims to expand its cyber practice from its current 40 staff to about 300 over the next three years. TECHNOLOGY/ 21
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    • Article
      Lock icon The Institute of International Finance
      30 1 has suggested in a report that stock and bond market investors might be well advised to shift funds into Asian “frontier” markets. GOVERNMENT ECONOMY 25
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,362.77 -54.74 KL Comp 1,781.75 -25.21 Nikkei 225 19,254.25 +283.25 Hang Seng 23,823.21 -340.79 Shenzhen B 1,115.12 +13.72 Dow 17,749.31 -107.47
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  • Article, Illustration
    Lock icon Share buybacks’ uptrend tapers off
    891 1  -  Analysts reckon buybacks may not necessarily be the best use of a listed company’s cash and may not work well in holding up share prices By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARE buybacks by listed companies have tailed off since the start of the year
    BT Graphics, Source: SGX My Gateway  -  891 words
  • Article, Illustration
    Lock icon Stamford Law to go global after full merger with top US law firm
    730 1  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE’S sixth largest law firm, Stamford Law Corporation, will fully merge with one of the world’s top five law firms, Morgan Lewis Bockius LLP, in a trailblazing move that will not
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  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      201 1 Hill 8 '*****1 *****4 FOSTERING FUTURE GROWTH Promising areas in which Singapore is well-poised to excel VIEWS FROM THE TOP/14-15 RABBIT STASH Adapting Western recipes to suit the Asian palate dining out 27 ART BASEL HONG KONG Healthy demand for works by Asian artists LIFE CULTURE 28 TOPLINE Low interest
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  • TOP STORIES
    • Article, Illustration
      Lock icon SPH invests S$2m in data analysis firm for 20% stake
      710 2  -  DC Frontiers owns and operates Handshakes app, which applies social network analysis to capital markets By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CALL them cartographers for capital markets. From forgotten initial public offering (IPO) prospectuses to daily announcements, Handshakes draws relationship
      PHOTO: ARTHUR LEE  -  710 words
    • Article, Illustration
      Lock icon China-led Asia investment bank gains traction with more support
      1044 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE China-led Asian Infrastructure Investment Bank (AIIB) grabbed international headlines over the weekend after the UK announced that it would become the first Western founder member of the bank, and Australia indicated that it could also
      PHOTO: REUTERS  -  1,044 words
    • Article, Illustration
      Lock icon Bulgari’s Octo watch hits the sweet spot
      692 4  -  The Italian luxury brand wanted to create a lasting impression for it with long exposure By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore AFTER bombing us with ads of its Octo watch in the past three years, Bulgari’s CEO, Jean-Christophe Babin, declares mission accomplished.
      692 words
    • Article, Illustration
      Lock icon Rate-hike fears could continue to cloud the markets
      890 4  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, stocks dropped on bets that the US Federal Reserve is finally running out of patience and the declines could continue this week as investors adjust to a new central banking world order. Traders
      PHOTO: AFP  -  890 words
    • Article
      Lock icon Stimulus will come if necessary: Premier Li
      759 4  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S new growth target will not be easy to reach and the government will not hold back from stimulus measures if employment is threatened, Prime Minister Li Keqiang said on Sunday. This is the first time Mr Li
      759 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      971 4 COMPACT METAL INDUSTRIES LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****0009H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of Compact Metal Industries Ltd (Company) will be held on 31 March 2015 at 10.30 a.m. at 120 Pioneer
      971 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Low interest rates, cheaper oil helping eurozone recover: Societe Generale
      923 6  -  French bank also allocating more capital to its Asian business. TOPLINE BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT SEEN from Singapore, the eurozone’s economic situation seems pretty precarious with regular headlines stoking up deflation and Grexit fears, and established political parties
      PHOTO: YEN MENG JIIN  -  923 words
    • Article, Illustration
      Lock icon Gender diversity: make it happen
      917 7  -  Corporate leadership must take the issue beyond a one-off diversity effort and into mainstream talent management.BY management.BY JUNIE FOO T The writer is a member of the governing council of the Singapore Institute of Directors MARCH 8 was International Women’s Day. A number of events
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    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist WEEKLY Straits Times index March 13,2015 3,362.77 -54.74 (-1.60%) Current streak 5 days Week high 3,404.57 Week low 3,362.77 52-week high 3,435.66 (Feb 20, 2015) 52-week low 3,073.40 (Mar 21, 2014) FTSE ST Catalist index March 13,2015 681.19 -9.63 (-1.39%) Current streak 3 days Week high 690.38 Week
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    • Article, Illustration
      Lock icon FOMC meeting to take centrestage this week
      645 10  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE local market appears to have entered an unsure, volatile patch, at least judging by last week’s movements. Each day, the Straits Times Index (STI) moved in line with expectations of how Wall Street might perform later
      645 words
    • Article
      Lock icon STI STOCKS
      320 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 249 -2 252/244 263 213 5.7 6295.6 CapitaLand 348 -6 351/341 371 268 12.7 2.6 *****.8 CapitaMall Trust 212 unch 212/205 226 186.5 5.1 7354.3 CityDev 1012 cd -10 1017/1002 1118 907
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    • Article
      Lock icon GAINERS
      81 10 BY CENTS CLOSE UP 52w high/low DBXT S&P Short US$ 2218 66.5 2.2 2602/2160 Hyflux 6% CPS ***** 58.0 0.5 *****/***** DBXT CSI300 US$ 999 45.7 3.4 1044/613 DairyFarm USD 956 34.6 2.7 1090/849 Lyxor ChinaH US$ 1603 22.2 1.0 1700/1221 BY PERCENTAGE CLOSE UP 52w high/low Junma Tyre
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    • Article
      Lock icon LOSERS
      77 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -811.2 -4.0 *****/***** SPDR S&P500 US$ ***** -722.6 -2.5 *****/***** DBXT DBCDJUBS US$ 2279 -614.6 -16.3 3096/2279 JMH USD 6212 -495.6 -5.4 6788/5552 GLD US$ ***** -473.4 -3.0 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low InterraResW*****8 0.1 -96.7 -2.9
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 10 VOL CLOSE($) CHANGE Golden Ocean 2.0 0.225 -1.575 -87.50 Sinotel Tech^ 11,015.2 0.096 +0.047 +95.92 Lereno Bio-Chem 10,147.0 0.003 +0.001 +50.00 Edition 500.0 0.018 -0.005 -21.74 China Haida 410.0 0.016 -0.003 -15.79 ES 1,682.2 0.159 +0.021 +15.22 SinoConstruction 48,578.8 0.032 -0.014 -30.44 USP Group 5,924.5 0.054 +0.004 +8.00
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME Noble 296,870,000 SIIC Environment 284,214,500 IHC 234,552,500 Magnus Energy 206,849,200 Genting Sing 151,813,100 Market volume 6,743,053,000 VALUE SingTel 411,650,261 DBS Grp 397,862,121 Noble 284,213,272 UOB 254,529,500 OCBC Bank 225,329,898 Market value 5,554,897,000
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    • Article
      Lock icon SGX ETFs Most Active
      113 10 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 336 -5 5231 341/335 349/305 335/336 ABF SG Bond ETF 115.4 -1.1 1846 123.5/114.2 123.5/112 115/115.4 526.8 UETF SSE50China 235 +10 1019 235/220 238/140 232/235 73.4 IS MS India US$ US788 -30 522 810/780
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    • Article
      Lock icon COMPANY MEETINGS
      109 10 COMPANY MEETING PLACE DATE TIME Qian Hu Corp A No 71 Jalan Lekar 19-Mar 11.00am Hiap Hoe Ltd E Ramada S'pore 16 Ah Hood Rd Zhongshan Rm (Lvl 2) 23-Mar 11.00am China Fishery Grp E Taurus Leo Rm (Lvl 1) Marina Mandarin S'pore 6 Raffles Boulevard 25-Mar 11.00am
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Mar 13 VALUE CLOSE BT OB/OS -615.00 +120.00 BT CADI -*****.00 +22.00 BT 10-day MA -*****.00 -61.00 FTSE ST Mid Cap 772.18 +1.38 FTSE ST Small Cap 479.36 +0.76 FTSE ST All Share 807.43 -1.70 FTSE ST China Top 191.11 +0.34 FTSE ST China 234.07 -1.16 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share WEEKLY ftse ST All-Share index March 13,2015 807.43 -12.82 (-1.56%) Current streak 5 days Week high 816.51 Week low 807.43 52-week high 825.05 (Feb 6, 2015) 52-week low 748.83 (Mar 21, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 10 STI MSCI EAFE WEEKLY MSCI EAFE index March 13,2015 1,815.84 -32.75 (-1.77%) Current streak 1 day Week high 1,838.61 Week low 1,807.49 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 3 0 0 0 3 10 3 Manufacturing 57 92 25 11 16 11 68 108 36 Commerce 27 39 9 2 9 6 29 48 15 Tpt/Stor/Comms 5 32 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 106,819 106,819 344,170 344,170 Manufacturing 799,614 226,739 1,026,353 481,802 14,807 496,609 Commerce 576,767 143,374 720,141 562,380 5,090 567,470 Tpt/Stor/Comms 501,941 8,519 510,460 892,011 625 892,636 Finance 112,197 1,580 113,777 992,435 360 992,795 Construction 253,277 58,532
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    • Article
      Lock icon Commodities mostly drop on soaring dollar, China woes
      775 10 COMMODITIES AFP London MANY commodities fell last week as the dollar struck a 12-year peak against the euro, with sentiment hit also by weak data in key consumer China. The European single currency sank on Friday to US$1.0466 the lowest level since
      AFP  -  775 words
    • Article
      Lock icon Dollar-buying momentum trumps weak US data
      382 11 CURRENCIES REUTERS New York DOLLAR-buying momentum lifted the greenback to a fresh 12-year high against the euro on Friday, overcoming disappointing US inflation and consumer sentiment data that would normally weaken it. Positioning ahead of the Federal Reserve’s monetary policy meeting this week was
      REUTERS  -  382 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Mar 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.977 4.810 0.724 5.967 48.166 101.385 0.933 8.671 2.831 1.042 78.136 34.050 1.064 9.470 0.772 24.302 25.228 0.517 0.768 Canada 1.023 4.921
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Mar 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0637 1.0646 0.7684 0.7685 Canadian dollar 1.0880 1.0893 0.7863 0.7860 Euro 1.4683 1.4697 1.0607 1.0609 NZ dollar 1.0202 1.0214 0.7370 0.7373 Sterling pound 2.0590 2.0610 1.4874 1.4878
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Mar 13 S$ Bid Offer 1-month 1.3852 1.3865 2-months 1.3865 1.3880 3-months 1.3869 1.3881 6-months 1.3888 1.3901 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 11 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 11 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 11 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 11 WEEKLY
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Mar 13 $S Offer Bid 0vernight 0.10 0.05 1-month 0.8125 0.6875 2-months 0.8750 0.7500 3-months 1.0000 0.9300 Overnight mode: 0.05 US$ 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 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon SIBOR
        36 11 Mar 13 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 11 Mar 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.39 102.43 102.43 5-Year N*****0H 1.625 01-Oct-19 99.25 10-Year NY*****H 3.000 01-Sep-24 104.79 105.20 105.20 15-Year NY*****E 2.875 01-Jul-29 101.86 102.40 102.20 20-Year NZ*****V 3.375 01-Sep-33 107.18 107.80 107.70
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        371 11 Mar 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.58 *****.80 *****.25 Jun15 *****.00 *****.00 *****.00 *****.00 *****4 *****0 Sep15 *****.00 *****.00 *****.00 *****.00 10 15 MSCI TAIWAN INDEX FUTURES SPOT 355.59 356.47 354.24 Mar15 356.50 356.90 354.10 355.20 ***** *****1 Apr15 356.80
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        202 11 Mar 13 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 9.5 -1.8 ***** 0.2 1980 1 OCBC Bk MB eCW*****3 9.1 -1.2 ***** 0.2 1050 5 FTSEChinaA50 ***** MBeCW*****8 14.1 3.8 ***** 0.0
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Mar 13 Index Change Change Change Change Change Change World Preliminary 1321.1 -0.4 3.5 0.2 5.5 -0.7 0.4 EAFE Preliminary 1082.1 0.3 9.7 0.5 7.4 -0.3 2.3 Europe Preliminary 1523.6 0.2 10.3
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        246 11 Mar-13 Price Net change change Last Trade Agricultural Mar-13 CBOT Soybeans (US cents/bu) 968.25 -18.25 -1.85% 13/03/2015 CBOT Soybean Oil (US cents/lb) 30.19 -0.57 -1.85% 13/03/2015 CBOT Wheat (US cents/bu) 508.75 -4.50 -0.88% 13/03/2014 Mar-13 LIFFE Cocoa (£/tonne) 1991.00 9.00 0.45% 16/03/2015 LIFFE Coffee (US$/tonne) 1686.00 -65.00 -3.71%
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    • Article
      Lock icon Buying remains high, but directors’ selling plunges
      1075 12  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying remained high while the selling among directors plunged based on filings on the Singapore Exchange in the second week of March. A total of 30 companies recorded
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1914 12 Payment Ex Rec Pay Ann (cts) date date date date Adv Integrated Mufg ak 0.230 06-May 08-May 20-May 27-Feb AIMS AMP Cap Ind Reit (1 Oct-31 Dec 2014) ct 2.830 04-Feb 06-Feb 26-Mar 29-Jan Alumina Ltd ADR 10 ar 6.400 05-Mar 09-Mar 26-Mar 02-Mar AP Oil Intl aw
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    • Article
      Lock icon PRIME LENDING RATES
      274 12 Mar 13 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1599 12 Source: Thomson Reuters Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 1.50 1.50 2 9.85 14.82 1.66 1.46 Amtek Engineering Ltd 2.00 2.50 2 0.06 7.52 0.84 0.65 ARA Asset
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      130 6 Stepping up our Commitment to Private Wealth Management in Asia As a global Leader in wealth management with over US$2 trillion in client assets, Morgan Stanley is committed to building trusting and rewarding relationships with clients as we continue to invest in our Private Wealth Management platform in Asia. We
      130 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      28 7 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
      28 words
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      Lock icon Page 7 Advertisements Column 2
      108 7 NANYANG TECHNOLOGICAL UNIVERSITY WE DON'T JUST FIND YOU PRESTIGIOUS WE BRING OUR WORLD-CLASS PARTNERS HERE TO YOU ON CAMPUS. From BMW to Imperial College London, our partnerships let you get the most out of your NTU education. Go on exchange, choosing from more than 250 partner universities abroad. Gain relevant
      108 words
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  • REAL ESTATE
    • Article
      Lock icon Country Garden to launch Jakarta project this year
      935 13  -  Land size of Forest City project in iskandar not fixed yet, says exec By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SPECULATION was rife about how Country Garden’s vast Forest City project on a man-made island in the Johor Straits near Tanjung Pelepas will
      935 words
    • Article, Illustration
      Lock icon Keppel Reit, Mirvac mark topping out of Perth tower
      185 13 Singapore JOINT owners Keppel Reit and Mirvac Group celebrated the topping out of the Old Treasury Building Office Tower in Perth on Thursday. The development is located within the Cathedral and Treasury Precinct, one of the most historically important and iconic
      185 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      288 13 5 STAR AIRLINE SKYTRAX r\ ■S#r) y 4 V •V v» v r '-W VV" <_ Hi •V 1 ft .1 N V. 1 •V i J J **u; r- 6 i A A,' a 4a V M 4 Feel the tranquillity, the essence of comfort in our fully flat
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon FOSTERING FUTURE GROWTH
      3070 14 THIS WEEK’S TOPIC Apart from the five growth clusters outlined in the 2015 Budget speech, what are other promising areas in which Singapore is well-poised to excel? Annie Yap Managing Director AYP Associates Pte Ltd THE five growth clusters identified are all understandably high value added and
      PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  3,070 words
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      64 15 PRESIDENT’S AWARD FORTHE ENVIRONMENT Nominate exceptional individuals educational institutions and organisations that have made an impact towards a sustainable Singapore. Nominations close on 17 April 2015 For more information log on to: www.mewr.gov.sg/presidentsaward The President's Award for the Environment (PAE) is the highest environmental accolade that recognises outstanding contributions towards
      64 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The origins of Buffett’s Berkshire
      2546 16  -  Excerpt from Berkshire Hathaway’s 2014 letter to shareholders retells the experiences and mistakes of the legendary investor By Warren Buffett ON May 6, 1964, Berkshire Hathaway, then run by a man named Seabury Stanton, sent a letter to its shareholders offering to buy 225,000 shares
      PHOTO: BLOOMBERG  -  2,546 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      113 16 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • CIO SPEAKS
    • Article, Illustration
      Lock icon Using IT to be nimble and innovative
      2140 17  -  DBS official says the challenge lies in harnessing data to add value to customers quicker and in a seamless manner.BY manner.BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT A KEY challenge for many companies as they grow is the ability to increase their reach while
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      102 17 What’s the world making today? Technology now allows us to create value in new ways transforming industries, professions and society. The evidence is everywhere, even right here in Singapore. DBS Bank is creating custom-made investment solutions with IBM Watson. And the National Environment Agency is fighting dengue with predictive analytics.
      102 words
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  • BANKING & FINANCE
    • Article
      Lock icon US banks regain confidence, increase dividends
      361 18 BLOOMBERG New York BANK stocks are once against the most lucrative destination for investors seeking dividend returns. With the Federal Reserve stress test behind them, seven of the biggest financial firms on Wall Street celebrated by increasing shareholder payouts. Financial stocks in the Standard
      BLOOMBERG  -  361 words
    • Article, Illustration
      Lock icon UK’s ‘Pension Freedom Day’ could herald confusion for months
      936 18 The shock industry reforms come into effect on April 6; pension-holders need not buy a fixed-rate annuity REUTERS Edinburgh WEEKS before Britons get free rein over how to spend their pension pots, industry players say it is unclear how many will
      REUTERS; PHOTO: BLOOMBERG  -  936 words
    • Article
      Lock icon Tokyo to extend term of public pension fund head
      377 18 REUTERS Tokyo TAKAHIRO Mitani will remain head of Japan’s trillion-dol-lar public pension fund, officials said on Saturday, as the government wrestles with how to govern the mammoth fund. Health and Welfare Minister Yasuhisa Shiozaki is set to name Mr Mitani, 66,
      REUTERS  -  377 words
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      991 18 The Business Times k T/^VTpT/nT 1 P Toll free 1800-289-8822 I fl I Email notices@sph.com, sg I M J j j L J www.sphclass.com.sg/notices CONSTRUCTION EQUIPMENT, VEHICLE AND OFFICE EQUIPMENT FOR SALE Hydraulic breakers, excavators, load indicators, mini excavators, cable locator, concrete cutter blade, vibratory rollers, containers, air-cooled diesel water
      991 words
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      Lock icon Page 18 Advertisements Column 2
      192 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BASALT PTE. LTD. (Co. Reg. No. *****3178G) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Company
      192 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon How European oil giants are profiting from slump
      1023 19 The firms are also the world’s biggest oil traders and the bear market allows them to generate higher returns by storing cheap oil today to sell at higher prices in future WP London EUROPE’S largest oil companies are gaining support from an
      WP  -  1,023 words
    • Article, Illustration
      Lock icon Oil industry must join US railroads to boost train safety: regulator
      493 19 REUTERS Washington RAIL operators are going to great lengths to prevent oil train derailments but the energy sector must do more to prevent accidents from becoming fiery disasters, the leading US rail regulator said. Oil train tankers have jumped
      REUTERS; PHOTO: REUTERS  -  493 words
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      131 19 “We would lose a real gem if Kwok Sang ever decides to retire.” Ho Nai Chuen Managing Director, On Cheong Jewellery Chia Kwok Sang, 76 Assistant Manager, Inventory E9k;',.) r A -t ,s S I n X\ Tap into a wealth of experience With years of experience and know-how, older
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  • TECHNOLOGY
    • Article
      Lock icon What you tweet might tell Yellen it is time to raise rates
      1093 20 Fed economists are looking into non-traditional data to improve the accuracy and timeliness of their forecasts BLOOMBERG Washington YOUR Google search or a tweet about your job is part of a vast trove of private economic information that
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      Lock icon Samsung to focus on premium products
      412 20 BLOOMBERG Seoul SAMSUNG Electronics Co will use more premium materials in mobile devices to win customers and offer a wider range of connected devices after losing its outright lead in the smartphone market to Apple Inc. The plan includes more smartphones with metal casings,
      BLOOMBERG; PHOTO: BLOOMBERG  -  412 words
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      Lock icon CeBIT showcases China’s rise as a high-tech heavyweight
      839 21 More than 600 Chinese firms attend Hanover fair as Berlin aims to cement its economic ties with Beijing AFP Hanover GERMAN Chancellor Angela Merkel was later on Sunday set to open a major IT business fair where official partner China showcases its
      AFP; PHOTO: REUTERS  -  839 words
    • Article
      Lock icon PwC to launch cyber security centre
      337 21  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore PWC SINGAPORE will on Monday launch its new Cyber Security Centre of Excellence. The centre aims to serve the business community both locally and in the region through the provision of research, training and skill development, information
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    • Article
      Lock icon Live stream app Meerkat a Twitter sensation
      671 21 AFP San Francisco LIVE streaming video from a smartphone may soon be known as “meerkatting”, thanks to a new app that allows anyone with an iPhone to become a roving reporter. The free application called Meerkat has become a virtual overnight sensation since
      AFP  -  671 words
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      587 20 An advertising feature presented to you by STProperty EVENTS What is the outlook and pitfalKs), in the private residential pro||jit| market in Singapore for 2015|f mr. I ATTEND f OUR SEMINAR FOR A CHANCE TO WIN A SAMSUNG GALAXY i NOTE 4! P. r '-V -a:. WRITTEN BY LOON CHENG
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      2187 21 The Business Times NOTICES OSIM INTERNATIONAL LTD (Company Registration No. *****4191N) (Incorporated in Singapore with limited liability) OSIM* Inspiring well-being NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OSIM International Ltd (“the Company”) will be held at 65 Ubi Avenue 1, OSIM Headquarters,
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  • CONSUMER
    • Article, Illustration
      Lock icon FDA toughens rules on reusable medical devices
      731 22 It issues new requirements on testing procedures in the wake of news that two people had died in California hospital from deadly bacteria traced to duodenoscopes NYT Washington THE US Food and Drug Administration said it is toughening testing procedures for manufacturers of
      NYT; PHOTO: REUTERS  -  731 words
    • Article
      Lock icon Long-term use of AstraZeneca drug brings benefits, risks
      465 22 REUTERS London LONG-TERM use of AstraZeneca’s drug Brilinta can cut the risk of death, another heart attack or stroke in patients with a history of past attacks by 16 per cent, a keenly awaited clinical trial showed on Saturday. The finding may
      REUTERS  -  465 words
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      Lock icon Soaring food imports leave countries vulnerable
      426 22 World’s grain imports have risen more than five-fold over the past 50 years: researcher REUTERS Rome GLOBAL grain imports have increased more than five-fold over the past half-century, stoking fears that countries have become too dependent on the vagaries of international markets for their
      REUTERS; PHOTO: BLOOMBERG  -  426 words
    • Article
      Lock icon CT scan, other tests equally effective for heart patients
      328 22 AFP Washington STANDARD stress tests and CT scans used to diagnose heart problems are equally effective in helping patients avoid death and heart attacks, researchers said on Saturday. But a patient who undergoes a CT scan for initial diagnosis is less
      AFP  -  328 words
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  • TRANSPORT
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      Lock icon Driverless cars have a dirty downside, says US study
      738 23 University of Michigan in Ann Arbor says autonomous cars could reverse years-long trend of declining fuel use WP Washington DRIVERLESS cars better be able to refuel themselves. They’ll consume more energy than cars with drivers. That’s the somewhat counter-intui-tive conclusion in
      WP; PHOTO: AFP  -  738 words
    • Article
      Lock icon Japan keen on KL-S’pore high-speed train project
      545 23 Sendai, Japan JAPAN became the first country to conduct high level talks with Malaysia over possible involvement in the proposed high-speed train project between Kuala Lumpur and Singapore. Malaysian Deputy Prime Minister Muhyiddin Yassin said that Japanese Prime Minister Shinzo Abe had requested
      545 words
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      Lock icon Sinking under debt, Kansai airport privatisation presents big test for Abe
      517 23 REUTERS Tokyo AFTER building an artificial island off Osaka to host a gleaming new airport in 1994, officials discovered it was sinking into the sea. More than 20 years later, the high-stakes deal to privatise Kansai International Airport could
      REUTERS; FILE PHOTO  -  517 words
    • Article
      Lock icon Uber faces another suit in US over breach of drivers’ personal data
      391 23 REUTERS Albany, New York UBER Technologies has been hit with a proposed class action lawsuit over a recently disclosed data breach involving the personal information of about 50,000 drivers, the latest in a series of legal woes to
      REUTERS  -  391 words
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      278 23 Brennen Pak Principal Trainer and Consultant BP Wealth Learning Centre LLP Most of us invest in stocks to profit from the capital gains or dividend payouts. As such, we would not want to be caught in a situation whereby we buy at a high and sell at a low. Hence,
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      42 23 REDEFINING IDEAS printpack+sign Singapore's printing, packaging 8k signage business exhibition ftj II 1 -V O 29-31 JULY2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.com.sg Organised By; BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf^l
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1949 24 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR HAN SYMPHONY 1 60 28/3 29/3 1/4 4/4 ISTORYA 1 120 29/3 2/4
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      104 24 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via s|£i maritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime
      104 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Invest in Asian frontier markets, says IIF
      764 25  -  It singles out six economies Bangladesh, Mongolia, Myanmar, Pakistan, Sri Lanka and Vietnam citing China’s support and higher growth than emerging markets By Anthony Rowley btworld@sph.com.sg Tokyo AS monetary policy normalises in the United States and liquidity continues to desert emerging markets and
      PHOTO: AFP  -  764 words
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      Lock icon Li dismisses worries over HK policy tightening
      347 25 REUTERS Beijing CHINA’S Premier Li Keqiang on Sunday dismissed worries that Beijing would tighten controls over Hong Kong, saying that the country’s leaders would not “easily” change the policy toward the former British colony. Hong Kong returned to China in 1997 under a
      REUTERS  -  347 words
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      Lock icon Philippines planning debt swap, repo: Treasurer
      701 26 He says there is need to push for initiatives to boost trading volumes in debt market and improve yield curve BLOOMBERG Manila THE Philippines plans a peso-denomi-nated debt exchange to trim the number of its outstanding securities while seeking to let banks engage in
      BLOOMBERG  -  701 words
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      Lock icon Turkey eyes pious to boost Islamic finance
      486 26 2 state banks are pushing ahead with plans to launch Islamic units this year REUTERS Istanbul AT LEAST 8 per cent of Turkish adults do not have a bank account for religious reasons, according to a 2014 World Bank report, because of the
      REUTERS  -  486 words
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      Lock icon Egypt sets out US$20b tourism growth plan
      508 26 REUTERS Sharm El-Sheikh EGYPT hopes to generate US$20 billion in revenue from tourism by 2020 by attracting 20 million visitors, new tourism minister Khaled Ramy said on Sunday at an international investment conference in the Red Sea resort of Sharm El-Sheikh. An uprising
      REUTERS; PHOTO: REUTERS  -  508 words
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      Lock icon Aid heads for Vanuatu after devastating Pacific cyclone
      737 26 REUTERS Sydney THE first shipments of aid landed in Vanuatu on Sunday as authorities declared a state of emergency and global relief agencies geared up after a “monster” cyclone tore through the vulnerable Pacific island nation. With winds of more than 300
      REUTERS; PHOTO: REUTERS  -  737 words
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      Lock icon Thousands plan protest in Frankfurt against policies blamed on ECB
      228 26 REUTERS Frankfurt THOUSANDS of people are expected to march in Frankfurt on Wednesday to protest against austerity policies they blame on the European Central Bank, as the ECB inaugurates its new high-rise headquarters. The gathering follows protests in Cyprus outside
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  • DINING OUT
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      Lock icon Blending artistry with earnestness
      1010 27  -  Rabbit Stash’s well-crafted food is undermined by a need to intellectualise it. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Rabbit Stash WANGZ Hotel Level R, 213 Outram Road Singapore *****0. Tel: 9858-8607 or 6595-1380 Open for lunch from Tues to Fri: 12pm to
      PHOTOS: RABBIT STASH RESTAURANT, JAIME EE  -  1,010 words
  • Page 27 Advertisements
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      689 27 Written by Marcus Ho, co-founder ofSocialMetric, a measurable social media agency and author of Social Payoff where he shares best practices on digital lead generation Just a few months ago, I met a friend who recently passed his CEA real estate agent examinations. Excited to start his own real estate
      689 words
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  • LIFE & CULTURE
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      Lock icon Asian art powers on in Hong Kong
      898 28  -  Works with price tags in the five-figure US$ range fly off the walls at Art Basel Hong Kong By Helmi Yusof helmi@sph.com.sg @HelmiBT Hong Kong FEARS of an art market in decline proved unfounded at least in the first few days of Art
      PHOTOS: HELMI YUSOF  -  898 words
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      Lock icon Hamilton dominates F1 opener as only 11 cars finish race
      562 28 AFP Melbourne LEWIS Hamilton held off team-mate Nico Rosberg to give Mercedes a dominant victory as the season-opening Australian Grand Prix was hit by a series of withdrawals on Sunday. Reigning world champion Hamilton led from the start to the
      AFP; PHOTO: AFP  -  562 words
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      Lock icon Celebrating Women's Day:
      29 28 More than 1,000 Citi staff, their families and friends came together on March 12 to affirm their commitment to fostering progress in gender equality. PHOTO: CITIBANK
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  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      310 28 CRYPTIC CROSSWORD Across 1 A prisoner released with greeting inside for church member (11) 7 Dispose of actor lastly in cast (5) 8 Busy at work? (9) 10 Devise trick before cold short month? (7) 11 Fruit grew in front of joint (7) 12 Remove antique Victorian bottles (5) 13
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