The Business Times, 17 March 2015

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Microfilm: NL33431
Total Pages: 46
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Tuesday, March 17, 2015G
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  • DAILY DIGEST
    • Article
      Lock icon Morgan Stanley
      27 1 has incorporated its Asia wealth management unit in Hong Kong to get a larger slice of the region’s burgeoning private bank business. TOP STORIES 2
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    • Article
      Lock icon Companies new to internationalisation
      26 1 can now access an enhanced range of support for promotional activities, including marketing support, e-commerce, and tradeshows, said IE Singapore.TOP STORIES 4
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    • Article, Illustration
      Lock icon The US dollar
      17 1 is surging. And US policymakers look prepared to live with it. TOP STORIES 4
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    • Article
      Lock icon Small and heavily indebted companies
      24 1 in Singapore’s oilfield services sector are ripe targets for merger and acquisition deals, says Ernst Young. TOP STORIES 5
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    • Article
      Lock icon Noble Group shares
      32 1 slipped on Monday after Iceberg Research said it would issue a third report this week to raise questions about the company’s governance, debt and liquidity buffer. COMPANIES MARKETS 6
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    • Article
      Lock icon Manila is in the grip
      27 1 of a building boom, with developers poised to add a record number of apartments over the next two years. REAL ESTATE 11
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    • Article
      Lock icon Boeing Co is well-positioned
      22 1 to hit record production targets for its popular 737 jetliner by 2018, having learned from past mistakes.TRANSPORT 17
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    • Article
      Lock icon Germany’s DAX
      31 1 hit a record high as European stocks rose on Monday, extending their recent sharp rally as investors bet that the weakened euro would boost the region’s economy. GOVT ECONOMY/19
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  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 3,376.04 (+13.27) KL COMP 1,780.54 (-1.21) NIKKEI 225 19,246.06 (-8.19) HANG SENG 23,949.55 (+126.34) SHENZHEN B 1,121.24 (+6.12) DOW (noon EDT) 17,952.18 (+203.00)
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  • Article
    Lock icon Disruptive innovation is catching on
    1161 1  -  But while big firms have the resources, they must first have a long-term outlook, adopt new metrics and learn to embrace failure, say observers By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore DISRUPTION a radical change in an industry or business is so sought after these days
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  • Article
    Lock icon Lowest February private home sales since 2008
    1060 1  -  By kalpana@sph.com.sg Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE 382 private homes that developers sold last month, though 2.1 per cent higher than the previous month, marked the lowest February sales since the 174 units sold in February 2008 when home buying was hit
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      Lock icon Page 1 Advertisements Column 1
      81 1 Hill 8 '*****1 *****4 ONLINE TICKETING Online platform Peatix reinvents event ticketing SME 24 RESPONSIBLE COMPANIES Boards and owners need to be stewards opinion 20 SINGAPORE SHIPYARDS Still facing stormy weather: KGI Fraser COMPANIES MARKETS 6 MAXIMISING PORTFOLIO iReit: ABBA is the name of the game COMPANIES MARKETS 10 A
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  • TOP STORIES
    • Article, Illustration
      Lock icon Morgan Stanley’s Asia wealth business goes local
      805 2  -  Unit incorporated in HK to get a bigger slice of region’s growing private bank pie By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore MORGAN Stanley, one of the largest US banks, has incorporated its Asia wealth management unit in Hong Kong to get a
      805 words
    • Article
      Lock icon IE Singapore enhances support for overseas market promotions
      637 4  -  Initiatives cover areas such as marketing support, e-commerce strategies, and trade shows By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore COMPANIES new to internationalisation can now access enhanced support for overseas market promotional activities, including marketing support, e-commerce initiatives, and trade shows, said IE
      637 words
    • Article
      Lock icon Deficiencies found in fair value measure: audit survey
      478 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE’S Accounting and Corporate Regulatory Authority (ACRA) on Monday raised an alert on “common and persistent deficiencies” relating to fair value measurements, internal control testing and revenue recognition among public company audits. ACRA was referring to
      478 words
    • Article, Illustration
      Lock icon Dollar surge leaves US officials undaunted
      1447 4 BLOOMBERG Washington THE US dollar is surging. And US policymakers look prepared to live with it. While officials have pointed to the difficulties posed by the currency’s rise it holds back economic growth and suppresses already too-low inflation they have indicated no willingness to
      BLOOMBERG; PHOTO: AFP  -  1,447 words
    • Article, Illustration
      Lock icon SCCCI set to become anchor chamber of Trade Association Hub
      482 4  -  The JTC outfit will allow the sharing of facilities and amenities to help reduce rentals and operating costs By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE Trade Association Hub (TA Hub), as announced by Minister of State for Trade and Industry
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    • Article
      Lock icon Oilfield services sector set for a consolidation: EY
      661 5  -  Hit by slump in crude oil prices, small and indebted firms are seen as targets for M&A deals By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SMALL and heavily indebted companies in Singapore’s oilfield services sector are ripe targets for merger and acquisition (M&A)
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    • Article
      Lock icon Aussie securitisation market running at fastest pace in years
      408 5 Sydney AUSTRALIA’S securitisation market is running at its fastest pace in years, as demand for higher-yielding assets drives investors into asset-backed securities. Four companies priced securitisations last week, adding A$3.825 billion (S$4 billion) to this year’s total. At over A$10.5 billion
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    • Article
      Lock icon India needs own model of manufacturing
      446 5  -  By Fiona Lam fionalam@sph.com.sg Singapore INDIA needs a new model for its manufacturing sector one that is different from China’s and, in particular, creates employment for Indians, said panellists at the Emerging India Forum 2015 on Friday. MJ Akbar, spokesperson for India’s ruling Bharatiya
      446 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      202 2 anap Ian hukig) Planning never stops. Be Unstoppable. At Anaplan, we believe that seeing where you've been is good. Knowing where to go is absolutely paramount. We believe you should be able to answer every "what-if" for Sales, Finance and Operations instantly. From evaluating acquisitions to changing pipelines to reorganising
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  • Page 5 Advertisements
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      12 5 $25SUBSCRIPTION DIGITALDEAL SPECIALLY FOR OUR 25thBIRTHDAY! SCAN TO SUBSCRIBE SAVE 70% WWW.TORQUE.COM.SG
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      Lock icon Page 5 Advertisements Column 2
      215 5 MBFC TOWER 2 PSA BUILDING SIX BATTERY RD SUNTEC TOWER 3 1 THE METROPOLIS SINGAPORE’S FINEST SERVICED OFFICES Fully furnished prestigious offices Business registration offices available Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across
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  • COMPANIES & MARKETS
    • Article
      Lock icon Singapore yards still facing stormy weather: KGI Fraser
      666 6  -  It has an “underweight” on sector, a “hold” call on Keppel, a “sell” call on Sembmarine By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AN oversupply of rigs amid a prolonged oil slump could mean stormy seas for Singapore shipyards over the next two
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    • Article
      Lock icon Noble slips as Iceberg warns of third report
      397 6  -  HOT STOCKS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore NOBLE Group shares slipped on Monday after Iceberg Research said it would issue a third report this week to raise questions about the commodity trader’s governance, debt and liquidity buffer. Noble stock retreated from
      397 words
    • Article
      Lock icon SIA, Tiger go up as oil price goes down
      358 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SHARES in Singapore Airlines (SIA) and budget carrier Tiger Airways both rose in trading on Monday as oil prices slumped. Tiger was the fifth most heavily traded stock by volume, with some 33.67 million shares
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    • Article
      Lock icon CSS says no to S$137m Parkway, Fortis deal
      380 7  -  Transaction involving acquisition of RadLink-Asia called off following CSS provisional decision to block proposal By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Competition Commission of Singapore (CCS) said on Monday that it had blocked last week the S$ 137 million proposed acquisition of
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    • Article
      Lock icon Mid-sized firms see biggest boost in director fees: Hay Group
      424 7  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FEES of non-executive directors at Sin-gapore-listed companies rose for the financial year 2013/2014 compared to a year ago, led by higher pay for directors of mid-sized firms, global management consultancy Hay Group said in
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    • Article, Illustration
      Lock icon Sinarmas shares plummet after recent surge
      316 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AFTER hitting a 52-week high of 84.5 Singapore cents on March 11 amid talk that Sinarmas Land had revived plans to list a unit, the company’s stock plunged 7.8 per cent to 70.5 cents on Monday. The retreat
      Source: Bloomberg  -  316 words
    • Article
      Lock icon Airbus, SIAEC to provide maintenance training services in Singapore
      244 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PLANEMAKER Airbus and SIA Engineering Company (SIAEC) are joining hands to provide maintenance and engineering training services for Airbus aircraft in Singapore. Under the agreement, SIAEC will use Airbus standards, tools and teaching techniques to
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    • Article, Illustration
      Lock icon STI / Catalist
      62 8 STI Catalist Straits Times Index March 16,2015 3,376.04 +13.27 (0.39%) Current streak 1 day Day high 3,387.36 Day low 3,358.03 52-week high 3,444.57 (Feb 11,2015) 52-week low 3,057.20 (Mar 20, 2014) FTSE ST Catalist index March 16,2015 672.96 -8.23 (-1.21%) Current streak 4 days Day high 679.97 Day low 672.96
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    • Article, Illustration
      Lock icon Buying fails to reach broad market
      633 8  -  Weak turnover and more activity in penny stocks of the 10 most liquid stocks, seven were priced below 50 cents STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT MONDAY’S session for the local stock market was marked by wave of short covering in Straits Times Index
      Source: Bloomberg  -  633 words
    • Article
      Lock icon STI STOCKS
      320 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 249 unch 251/247 263 213 5.7 6295.6 CapitaLand 349 +1 353/348 371 268 12.8 2.6 *****.5 CapitaMall Trust 212 unch 214/211 226 186.5 5.1 7354.3 CityDev 1012 cd unch 1015/1005 1118 907
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME SIIC Environment 53,231,800 Magnus Energy 43,961,600 Noble 37,126,200 IHC 36,483,200 Tigerair 33,668,800 Market volume 1,220,688,000 VALUE DBS Grp 95,587,431 SingTel 64,657,305 UOB 39,723,148 Noble 34,691,491 OCBC Bank 29,996,764 Market value 897,766,000
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    • Article
      Lock icon SGX ETFs Most Active
      107 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 338 +2 5135 338/335 349/306 336/338 IS MS India US$ US788 230 793/780 1000/605 785/788 98.5 UETF SSE50China 236 +1 82 237/232 238/140 235/237 73.8 DBXT CSI300 US$ US1024 +25 71 1024/970 1044/613 1024/1026
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 16 VALUE CLOSE BT OB/OS -603.00 +12.00 BT CADI -*****.00 -118.00 BT 10-day MA -*****.00 -61.00 FTSE ST Mid Cap 771.43 -0.75 FTSE ST Small Cap 476.64 -2.72 FTSE ST All Share 809.49 +2.06 FTSE ST China Top 190.66 -0.45 FTSE ST China 233.66 -0.41 FTSE
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low DBXT China50 US$ 3382 90.0 2.0 3554/2577 SPDR S&P500 US$ ***** 83.1 0.3 *****/***** JSH USD 3483 70.6 1.5 3810/3233 Jardine C&C 4090 61.0 1.5 4901/3850 SIA 1203 41.0 3.5 1291/957 BY PERCENTAGE CLOSE UP 52w high/low ChinaGaoxian W*****8 0.2 100.0 0.1 0.8/0.1
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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 16,2015 809.49 +2.06 (0.26%) Current streak 1 day Day high 811.78 Day low 806.66 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 13,2015 1,815.84 -6.03 (-0.33%) Current streak 1 day Day high 1,826.26 Day low 1,809.10 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 9 3 0 0 0 4 9 3 Manufacturing 36 59 33 5 13 9 41 72 42 Commerce 12 24 20 0 5 8 12 29 28 Tpt/Stor/Comms 13 20 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,499 14,499 49,451 49,451 Manufacturing 157,822 37,663 195,485 92,599 3,283 95,882 Commerce 86,954 37,207 124,161 93,683 1,163 94,847 Tpt/Stor/Comms 99,067 13 99,080 137,073 4 137,077 Finance 23,923 158 24,081 191,488 30 191,517 Construction 53,335 14,773
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -137.0 -0.7 *****/***** Lyxor MS India US$ 1741 -30.5 -1.2 1840/1351 IS LC BND US$ 912 -29.1 -2.3 985/912 DBXT MSTHAI US$ 2047 -27.7 -1.0 2225/1818 DBXT MSINDIA US$ 1099 -24.9 -1.6 1160/864 BY PERCENTAGE CLOSE DOWN 52w high/low
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Global Tech 3,141.0 0.015 +0.005 +50.00 AliPictures HKD 28.2 1.850 +0.360 +24.16 Golden Ocean 1.0 0.265 +0.040 +17.78 Hengyang Petro 50.0 0.230 -0.020 -8.00 UOA 139.6 0.540 -0.040 -6.90 Pavillon 99.9 0.068 -0.021 -23.60 GDS Global 100.0 0.370 -0.040 -9.76 Moya Asia 28,452.2 0.059 +0.006
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    • BROKERS’ TAKE
      • Article
        Lock icon Nam Cheong Ltd
        164 8 Hold March 16 close: S$0.30 Target price: S$0.30 OCBC Investment Research, March 16 LAST week, Nam Cheong announced that it sold two vessels worth about US$58 million to two repeat customers; we estimate that there are another 15 vessels left unsold for 2015 delivery. Despite efforts to
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      • Article
        Lock icon CapItaCommerclal Trust
        108 8 Hold March 16 close: S$1.715 Target price: S$1.81 DBS Group Research, March 16 THE Manager has guided that contribution to distribution per unit (DPU) from CapitaGreen is likely to commence only in 2016. With decent earnings growth in 2015, driven by positive rental reversions from the GIC lease
        108 words
      • Article
        Lock icon Vard
        235 8  -  Compiled by Claire Huang Neutral March 16 close: S$0.51 Target price: S$0.52 RHB Research Institute Singapore, March 16 VARD announced that two affiliates of ER Offshore, its customer, have filed for insolvency. Vard is constructing two platform supply vessels for this customer in Vung Tau, Vietnam, and has received
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    • Article
      Lock icon CALENDAR
      19 8 DATA I 8.30am March 17 Singapore non-oil domestic exports I March 17 US Federal Open Market Committee meeting
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    • Article
      Lock icon Euro slips to fresh 12-year low against US dollar
      394 9 CURRENCIES AFP Tokyo THE euro fell to another 12-year low against the US dollar on Monday, hit by the European Central Bank’s (ECB) huge stimulus programme, while investors await the US Federal Reserve’s policy meeting this week. In early Tokyo trading,
      AFP  -  394 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.977 4.788 0.726 5.937 48.016 101.243 0.927 8.644 2.831 1.037 77.773 33.966 1.063 9.492 0.768 24.205 25.157 0.518 0.765 Canada 1.024 4.902
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        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Mar 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0623 1.0628 0.7645 0.7648 Canadian dollar 1.0875 1.0881 0.7830 0.7826 Euro 1.4639 1.4645 1.0535 1.0538 NZ dollar 1.0243 1.0245 0.7371 0.7372 Sterling pound 2.0526 2.0531 1.4771 1.4774
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Mar 16 S$ Bid Offer 1-month 1.3908 1.3912 2-months 1.3920 1.3925 3-months 1.3937 1.3942 6-months 1.3961 1.3969 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        362 9 Mar 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.38 *****.20 *****.71 Jun15 *****.00 *****.00 *****.00 *****.00 *****1 *****2 Sep15 *****.00 97 105 MSCI TAIWAN INDEX FUTURES SPOT 354.59 354.59 350.67 Mar15 355.10 355.10 351.70 352.50 ***** *****4 Apr15 354.80 354.80 352.30 353.00
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        203 9 Mar 16 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 9.8 0.3 8262 0.2 1980 1 Rowsley Ltd W*****3 2.5 -0.3 4482 1 18 19 Singapore ExchangeMBeCW*****3 10.2 -0.7 3430 0.2 790 5 OCBC
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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 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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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 Mar 16 (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 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 16 $S Offer Bid 0vernight 0.10 0.05 1-month 0.8125 0.6875 2-months 0.8750 0.7500 3-months 1.0000 0.8750 Overnight mode: 0.05 US$ 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 GOVERNMENT SECURITIES
        71 9 Mar 16 Mar 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.3 102.33 102.31 5-Year N*****0H 1.625 01-Oct-19 99.13 99.25 99.05 10-Year NY*****H 3.000 01-Sep-24 104.23 104.95 103.95 15-Year NY*****E 2.875 01-Jul-29 101.21 101.30 100.78 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 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, Illustration
      Lock icon IReit: ABBA is the name of the game
      1378 10  -  Reit shares its strategy of investing in “A” assets in “B” cities and “B” assets in “A” cities for higher yields By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE three clocks displaying the different time zones of Israel, Singapore and Germany in IReit
      PHOTO: YEN MENG JIIN  -  1,378 words
    • IN BRIEF
      • Article
        Lock icon Management changes at Yoma
        49 10 MYANMAR property play Yoma Strategic Holdings said that group general manager Jeremy Noel westmore, 53, and co-head of real estate Elmar Heinrich Antonius Busch, 71, resigned to pursue their personal interests. Meanwhile, head of financial management Thiri Thant Mon is now head of corporate development.
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      • Article
        Lock icon Deputy CEO takes over at Jes International
        85 10 CHINESE shipbuilder Jes International, which is restructuring its business and has suspended trading of its shares, announced that CEO and chairman Jin xin has resigned to focus his attention on the group’s restructuring efforts. Mr Jin’s daughter, Audrey Jin Yu, 31, has been
        85 words
      • Article
        Lock icon China Gaoxian to consolidate shares
        72 10 CHINA Gaoxian Fibre Fabric Holdings on Monday proposed to undertake a share consolidation of every 20 existing issued ordinary shares as at a books closure date to be determined by the board of directors to one share. Fractional entitlements will be disregarded. For its issued
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      Lock icon Page 6 Advertisements Column 1
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      624 words
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      375 10 STProperty EVENTS STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 All prices are inclusive of GST TICKETS NORMAL 1-Day Pass 2-Day Pass $25 $40 ‘Early bird price ends 30 March 2015 f 7 > wm m r\ s S:1 ATTEND OUR SEMINAR FOR
      375 words
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  • REAL ESTATE
    • Article
      Lock icon Manila building boom may lead to a glut
      844 11 55,000 residential units will come onto the market, slowing growth in lease rates BLOOMBERG Manila PHILIPPINE developers are on a tear. The capital Manila is in the grip of a building boom, led by developers such as Megaworld Corp and Ayala Land
      BLOOMBERG  -  844 words
    • Article, Illustration
      Lock icon London homes’ asking prices fall in March amid election jitters
      471 11 BLOOMBERG London ASKING prices for London homes declined in March as affordability constraints and pre-election jitters denied the property market its usual spring boost. Prices demanded by sellers fell 0.4 per cent following a 2.8 per cent jump in February,
      BLOOMBERG; PHOTO: BLOOMBERG  -  471 words
    • Article, Illustration
      Lock icon Russia mortgage market to get 20b rouble boost
      996 12 With country on brink of recession, Moscow plans to dish out the funds for home loans to help spur economy BLOOMBERG MOSCOW RUSSIA is rolling out subsidies to resuscitate its mortgage market after a rise in interest rates in the wake of
      BLOOMBERG; PHOTO: BLOOMBERG  -  996 words
    • Article
      Lock icon Seven industrial units at Frontier for sale through tender
      245 12 Singapore SEVEN contiguous strata industrial units at Frontier in the Ubi industrial cluster have been put up for sale, with an indicative price of about S$8.7 million, or S$ 5 50 per sq ft. Interested parties may bid for single or
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    • Article
      Lock icon A second developer in Shenzhen under probe for ties to ex-official
      340 12  -  Hong Kong BLOOMBERG CHINESE authorities are probing a second Shenzhen property developer over ties to a former city official detained on graft allegations, widening an investigation that pushed Kaisa Group Holdings Ltd to the brink of default. Shenzhen Kingkey
      BLOOMBERG  -  340 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
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      387 11 V' ,_saa Introducing Epitome The modern conservation with indwelt garden It’s the epitome of the modem conservation house, a spectacular living space equalled to anything you would find in the most sophisticated cities in die world. Heritage. High Ceilings. Relish in its spaces, ravishing they are. Clean lines, warmly wooded.
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      43 12 I c N We cover breaking news in .Jl i 1 S banking finance. r 93 .93 .Co <o r. Read the latest stories in full at businesstimes.com.sg/breaking-news BusinessTimes.com.sg BTcfeital Available on the H get it on W AppStore I ►■Googleplay Ihebusinesstimes btbreakingnews
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      116 12 The Management of SOLOMON ALLIANCE MANAGEMENT PTE LTD would like to inform the public at large that DESMOND CHONG CHIN FOOK (ZHANG ZHENFU) (NRIC No. SXXXX031C) is no longer the Managing Director of the company with effect from 10 March 2015. DESMOND CHONG CHIN FOOK (ZHANG ZHENFU) is no longer
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Jailed New York Plaza owner to raise bail money from HSBC
      328 13 New Delhi SAHARA India Pariwar, a financial services conglomerate, plans to raise funds from HSBC Holdings to help pay its founder’s 100-billion-rupee (S$2.21 billion) bail. Subrata Roy-controlled Sahara group told India’s top court in New Delhi on Friday that
      328 words
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      Lock icon India banks not paring rates despite central bank easing
      654 13 Mumbai INDIA’s largest lenders aren’t passing on two rounds of monetary easing to borrowers as profitability slides and bad loans surge. State Bank of India and Bank of Baroda are among 43 of 47 lenders yet to lower base lending rates
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    • Article
      Lock icon Money-market fund managers eyeing ways to get around new SEC rule
      962 13 Billions of dollars may end up leaving regulated funds and moving into pools that are outside regulatory reach BLOOMBERG New York REGULATORS’ attempts to prevent another run on the US$2.7 trillion mon-ey-market fund industry is having some unintended consequences.
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      Lock icon UK increases its commitment to Islamic finance industry
      547 13 UKEF backs Emirates’ proposed sale of sukuk; will extend guarantees to other industries BLOOMBERG Dubai BRITAIN is stepping up its commitment to expanding its role in the booming global industry for Islamic finance. UK Export Finance (UKEF), the government’s export-credit body that
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      296 13 ADMISSION ITSHOW 19-22 MARCH 2015 SUNTEC SINGAPORE L3,11AM-9PM DAILY L4 L6,12-9PM DAILY AUCTION TIME BRAND TIME FASHION TIME TECH SHOWCASE ASUS Transformer Book Chi Series Bid for your favourite products at our Daily Auctions at 5pm! Spend a minimum of $100 to get your Bidding Ticket at the entrance of
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Oxford U undecided about divesting from polluting industries
      727 14 About 200 institutions worldwide have pledged to scale back investments in polluting industries WP London OXFORD University has not decided whether it will join a growing movement in favour of divesting from publicly traded fossil fuel companies. The university in a statement
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      Lock icon China’s copper stash at record amid Goldman’s bearish call
      566 14 BLOOMBERG Shanghai COPPER inventories in Shanghai are on the verge of a record amid gains that Goldman Sachs Group Inc sees persisting for the next two years. Stockpiles held in warehouses monitored by the Shanghai Futures Exchange has more than doubled
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    • Article
      Lock icon Rare earths miner Lynas confident of Japanese backing
      412 14 REUTERS Melbourne AUSTRALIAN rare earths miner Lynas Corp has warned that it is struggling to repay its debt but is confident its Japanese backers will keep the company afloat after granting it an extension of up to 15 months on some repayments.
      REUTERS  -  412 words
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      22 14 MARCH ISSUE OUT NOW! IN THIS ISSUE HIAIM THAT DRIVES PHOTOGRAPHY Enjoy20% OFFwhen you subscribe to the print edition now! Visit www.hardwaremag.com
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      60 14 lO m^anmar Incorporating: Myanmar O retail Urban and City Planning Conference 201 5 111^ clt Real Estate Show Myanmar 2015 29 June -1 July 2015 Yangon, Myanmar I Your gateway to trends and investment opportunities in Myanmar's real estate Contact Jason at +65 6848 6051 or email jason@sphereconferences.com to find
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      38 14 Hospitality Investment Conference Indian Ocean Maldives Mauritius Seychelles Sri Lanka 25-26 May 2015 Colombo, Sri Lanka A New Era Contact Michelle at +65 6848 5374 or email Herat michelle@sphereconferences.com for sponsorship opportunities Organiser: sphere SINGAPORE PRESS HOLDINGS www.hicio.sphereconferences.com
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      71 14 12th edition 19 22 March 2015 Singapore EXPO Hall 6 11am 10pm Daily “Hungry for Food Cash?” Hurry down to the MEGA Food Beverage Fair this March school holidays! Stand to win up to S$6,888CASH (Check out lucky draw coupons from major newspapers) For more information, call *****620 or email
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  • TECHNOLOGY
    • Article
      Lock icon Yahoo to introduce ‘end to end’ e-mail encryption by year-end
      489 15 New security feature will allow non-technical people to use encryption with the click of a button after an initial set-up AFP Washington YAHOO is planning to introduce “end to end encryption” for e-mail this year to boost privacy protection for
      AFP  -  489 words
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      Lock icon Workplace efficiency gets new spin in Silicon Valley
      1161 15 Firm develops software that blends social media, fitness tracking and video games into system to keep employees more engaged San Francisco A FEW days before he testified in a sex discrimination suit that has captivated Silicon Valley, John Doerr, arguably the most
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      Lock icon BlackBerry targets high-security tablet at govts, businesses
      546 15 WP Berlin BLACKBERRY introduced a tablet computer aimed at government and corporate customers that it says can let users access consumer applications such as YouTube and WhatsApp while keeping confidential work-related information away from spies and crooks. The SecuTABLET, shown this weekend at
      WP; PHOTO: BLOOMBERG  -  546 words
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      2011 15 SIEMENS MEDICAL INSTRUMENTS PTE. LTD. (Company Registration Number/ UEN: *****0657G) (Incorporated in the Republic of Singapore) (the “Company”) NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that at an Extraordinary General Meeting of the Company deemed to have
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  • CONSUMER
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      Lock icon Asian casinos woo Chinese as corruption drive hits Macau
      884 16 Casino revenues in South Korea and the Philippines seen growing 16% and 33% respectively this year WP Shanghai AT THE oceanfront Ramada Plaza hotel on South Korea’s Jeju island, about a hundred Chinese gamblers huddle around felt-topped tables, wagering as much
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    • Article
      Lock icon Carmakers probe allegations aired in China TV expose
      484 16 REUTERS Shanghai CARMAKERS, including Volkswagen AG, Nissan Motor Co and Daimler AG’s Mercedes Benz, said they are probing allegations aired late on Sunday by Chinese state TV that the firms oversold repairs and spare parts to drivers. The annual “3.15” consumer rights
      REUTERS  -  484 words
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      Lock icon Facebook clarifies rules on what types of posts are banned, and why
      952 16 NYT New York WITH 1.39 billion active users worldwide, Facebook’s social network is the closest thing we have to a universal communication platform. And people post or try to post just about everything you can imagine. On Monday,
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      186 16 SME iOi BOOTCAMP LEAD GENERATION IN THE DIGITAL WORLD Tap on digital platforms to generate leads, establish top-of-mind recall and generate more sales. W- What You Will Learn Understand sales psychology on digital channels Determine the most effective digital platform to use Effectively measure closing rates and impact on your
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  • TRANSPORT
    • Article, Illustration
      Lock icon After spate of wrecks, US Congress takes new view of rail agency
      1252 17 WP Washington AFTER a string of deadly train crashes, a pair of angry US senators stood in New York’s Grand Central Terminal four months ago to denounce the Federal Railroad Administration (FRA) as a “lawless agency, a rogue
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      Lock icon Boeing on course to hit record production targets for B737
      630 17 Its production czar points to how its integration plan now includes the supply chain REUTERS Seattle BOEING Co is well-positioned to hit record production targets for its popular 737 jetliner by 2018, having learned from past mistakes, the head of
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      Lock icon FAW chairman, Yunnan official under party probe
      414 17 Beijing THE chairman of one of China’s top state-owned carmakers, FAW Group Corp, and a senior provincial official are being investigated for “violating party discipline”, the Communist Party said, employing its usual euphemism for corruption. After taking over as party and military chief
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      Lock icon Crude oil joins rail industry staples as key revenue producers
      419 17 New York AMERICAN railroads generated almost as much money last year hauling crude oil and sand, largely used in hydraulic fracturing, as they did moving industry staples like field crops and motor vehicles, according to a Reuters analysis of newly
      419 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Investors from Japan may plough US$300b into Treasuries
      1114 18 With the Fed poised to raise interest rates, US Treasuries offer the most attractive yields BLOOMBERG Singapore BACK in the 1980s, the billions of dollars that the Japanese ploughed into US government debt reflected the Asian nation’s burgeoning economic might. Now, they’re
      BLOOMBERG; PHOTO: REUTERS  -  1,114 words
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      Lock icon S-E Asia beats China in FDI stakes for 2nd straight year
      340 18 REUTERS Jakarta SOUTH-EAST Asia’s major economies drew more foreign direct investment (FDI) combined than China for the second straight year in 2014, as growth in their giant neighbour cooled. But by country, inflows into the region were uneven, swayed
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    • Article
      Lock icon Lagarde urges India reforms to boost growth engine
      557 18 Focus should remain on sound policies and inclusive institutions, adds IMF chief BLOOMBERG AFP New Delhi INDIA must make labour markets more flexible and ease land acquisition and other rules if it is to be a key engine of growth amid the
      BLOOMBERG; AFP  -  557 words
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      Lock icon Malaysia’s Eversendai Corp eyes Qatar World Cup project
      539 18  -  It wins RM500m of deals this month 2 in Saudi Arabia and one in Qatar By Pauline Ng btworld@sph.com.sg Kuala Lumpur SPECIALIST engineering and construction services company Eversendai Corporation is banking on its experience and track record in the Middle East to
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      Lock icon DAX hits record high as European shares rise
      534 19 Stocks extend their recent sharp rally as investors bet that weakened euro would boost region’s economy and lift exporter earnings trader John Plassard. REUTERS, B l OOMBERG London GERMANY’S DAX hit a record high as European stocks rose on Monday, extending their
      trader John Plassard. REUTERS, B l OOMBERG; PHOTO: AFP  -  534 words
    • Article
      Lock icon Factory output down for third straight month
      446 19 LATEST US DATA BLOOMBERG Washington FACTORY production in the United States declined in February for a third consecutive month, a sign cutbacks in manufacturing will hold back economic growth this quarter. The 0.2 per cent decrease at manufacturers followed a 0.3 per cent
      BLOOMBERG  -  446 words
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      Lock icon China pips Germany as world’s third largest arms exporter
      223 19 REUTERS Beijing CHINA has surpassed Germany to become the world’s third largest arms exporter, a Stockholm-based think tank said in a report on Monday. Exports of major arms from the world’s second largest economy grew 143 per cent over the years
      REUTERS  -  223 words
    • Article
      Lock icon Sweden’s ‘feminist’ foreign policy risks billions in exports
      748 19 BLOOMBERG Stockholm SWEDEN’S new “feminist” foreign policy is winning the country praise for standing up for human rights. It could also end up costing exporters in the largest Nordic economy billions of kronor in lost sales. After pledging to make women’s rights
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      Lock icon China slowdown concern spurs record option hedges on ETF
      735 19 Buying pushes ratio of bearish to bullish contracts to a five-month high BLOOMBERG New York INVESTORS are rushing to buy protection against declines in Chinese stocks amid concern that an economic slowdown will undermine their world-beating rally. Demand to hedge against
      BLOOMBERG; PHOTO: AFP  -  735 words
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  • OPINION
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      Lock icon Iskandar M’sia promising – but proper, careful planning is needed
      511 20 Iskandar M’sia promising but proper, careful planning is needed EDITORIAL MALAYSIA’S southern growth corridor Iskandar Malaysia released robust investment numbers for 2014 that defied concerns over the sustainability of its growth story on the back of recent oversupply woes in the real estate space of the region. The special economic
      511 words
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      Lock icon UK voters put off by lack of clear direction from parties
      845 20  -  THE BOTTOM LINE By David Mason T The writer, a business communications consultant in the UK, was a Price Waterhouse Singapore partner for 18 years in the 1980s and 1990s THE UK goes to the polls in May, the
      845 words
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      Lock icon Boards and owners need to be stewards
      1290 20  -  Collaboration between investors, and delegation to directors, are essential to create resilient and responsible companies. BY MARK GOYDER AND ONG BOON HWEE companies.BY MARK GOYDER, ONG BOON HWEE T Mark Goyder is CEO of Tomorrow’s Company. Ong Boon Hwee is CEO of Stewardship
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      Lock icon India’s ambitious solar energy plan faces many hurdles
      1113 21  -  COMMENTARY By Yogi Aggarwal T The writer is a Mumbai-based journalist THE Indian government’s plan to install 100,000 megawatts of solar power capacity by 2022 may be too ambitious by far. hough there has been much enthusiasm among corporate leaders and some
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    • Article
      Lock icon Syriza should insist on a Greek referendum
      675 21  -  By Meghnad Desai T The author is emeritus professor at the London School of Economics and chairman of the Advisory Board of the Official Monetary Financial Institutions Forum, a London-based independent research and advisory group on monetary and financial affairs THE essence of
      675 words
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      Lock icon Israeli elections may not throw up a decisive winner
      1126 21  -  Though the Zionist-centre group has an edge in opinion polls, Netanyahu’s chances of patching together a coalition cannot be ruled out. By ANDREW HAMMOND out.By ANDREW HAMMOND T The writer is an associate at LSE IDEAS at the London School of
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1016 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville MOL Cosmos 039E 21 Mar 02 Apr 18 Apr 24 Aug 27 Apr 29 Apr 02 May 03 May 08 May 11 May 11
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      179 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Corporate Development Come publicise your
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  • LIFE & CULTURE
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      Lock icon Daylight saving time or standard time that is the question
      886 23 WP Washington HANDS off our clocks! In a dozen states, daylight saving time is under siege. Some elected state officials in the US are considering legislation to opt out of changing the clocks, either by remaining permanently on daylight saving
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      Lock icon The most beautiful boulevard in the world is 150 years old
      670 23 Ringstrasse is a reminder to Vienna’s old glory AFP Vienna IN 1857, bushy-whiskered Emperor Franz Joseph proclaimed that his rapidly growing imperial capital Vienna needed a radical makeover befitting Austro-Hungary’s wealth, might and technological prowess. This year, the centrepiece
      AFP; PHOTO: AFP  -  670 words
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      Lock icon Rappers vie for place in Sing50 concert
      135 23 Singapore RAPPERS as old as 48 years and as young as 12 came to the open audition for Sing50, the mega-concert on Aug 7 celebrating 50 years of Singapore music. Organised by The Business Times and The Straits Times, the concert features 100
      135 words
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      28 23 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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      60 23 HOT PROPERTY UBI TECHPARK MRT Corporate Image. Various sizes from 1000 7900 sf for selection. 51 PAYA UBI Ind Park 11,984sf, 3-Flr. Huge. Fully useable space. Neg to $280psf! JLN PEMINPIN 999 years, near MRT. No void. 1200/ 2400 sf. Enbloc potential. $7xx psf. FACTORY SPACES FOR SALE! Check out
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  • Page 23 Miscellaneous
    • Miscellaneous
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      318 23 CRYPTIC CROSSWORD Across 5 Element of bitterness leading to one having hesitation (7) 7 Bar with some judges toping (5) 9 Stop crossing river line (6) 10 Gear isn’t wobbly in engineered frameworks (8) 11 Be fine splashing about a bit of money —i.e. this? (10) 13 Salvation Army would
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  • SME
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      Lock icon Online platform Peatix reinvents event ticketing
      1219 24  -  Peatix is not only innovative and affordable for event organisers, it is also friendly for users. BY MINDY TAN BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT Singapore SINCE its launch in Singapore in July 2013, global online ticketing platform, Peatix, has gone on to reinvent event
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      Lock icon The future of social media ROI – from likes to relational metrics
      1420 24  - The future of social media ROI from likes to relational metrics By David Dubois, Marcus Ho T David Dubois is an assistant professor of marketing at Insead. Marcus Ho is the co-founder of the blog, SocialMetric. He is also the author of the book Social Payoff. THE record haze of
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      Lock icon Topped off with a garnish of innovation
      1107 25  -  Caterer Orange Clove constantly differentiates itself by coming up with novel ideas to keep things fresh for its clients. BY FIONA LAM BY FIONA LAM fionalam@sph.com.sg FOR award-winning corporate caterer Orange Clove Catering, the recipe for success goes beyond simply dishing up good
      PHOTO: ARTHUR LEE  -  1,107 words
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      291 25 “Being the Employer of Choice is our organisational goal. This includes hiring on merit, which widens our talent pool, contributing to business growth. As a pledge signer, TAPER supports us with a range of advisory services in fair employment practices.” “Retaining and attracting good talent is crucial to a business.
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  • THE BUSINESS TIMES SINGAPORE 1000 2015
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      Lock icon STAYING RESILIENT
      1014 1 Companies here have demonstrated resilience since the last financial crisis N DRIVING the Singapore economy between 2009 and 2014, Singapore’s top 1,000 companies have contributed S$ 1.23 trillion in sales to the Singapore economy, achieving a compounded annual growth rate of 11.3 per cent during the last five
      Sub-editor: Adeline Woon Cover design and graphics: Simon Ang, Gareth Chung Advertising sales: Rix Low 9620 1365; Lina Tan 9620 1355  -  1,014 words
    • Crystal ball for the near term
      • Article
        Lock icon OIL PRICES
        58 2 Oil prices have been steadily falling from its high of US$105.37 per barrel in June 2014 to its current price of around US$51 per barrel in March 2015. Lower oil prices could potentially mean lower utility bills as well as lower transports costs. This would potentially benefit those
        58 words
      • Article
        Lock icon SINGAPORE DOLLAR
        98 2 The Singapore economy is set to remain on track to grow at a moderate pace of 2-4 per cent in 2015. With lower oil prices expected in the near term, pressures from imported inflation will be relatively lower. Thus, the Monetary Authority of Singapore will be slowing the
        98 words
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        Lock icon LOOKING BEYOND AUTOMATION
        121 2 In recent years, companies have been looking to automation of processes, the training/upgrading of employees and productivity to cope with the shortage of available manpower. While these measures have had results to a certain extent and should be a continued undertaking, companies need to find new avenues
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        Lock icon OPPORTUNITIES FROM THE IMPENDING AEC 2015 AND EUROPEAN UNION-SINGAPORE FREE TRADE AGREEMENT
        153 2 Two impending opportunities in the pipelines that companies can look forward to are the AEC 2015 as well as the European Union-Singapore Free Trade Agreement (FTA). The AEC 2015 opens doors to the Asean block of countries while
        153 words
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      Lock icon THINK BIG AND ACT BOLD
      1198 4  -  Singapore companies need to meet the challenges of global competition by being ambitious and taking bold steps. BY VIKRAM CHAKRAVARTY T The writer is Asean Leader for Capital Transformation, Transaction Advisory Services, EY. The views reflected in this article are the views of the author
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      Lock icon CRAFTING A BREW FOR SUCCESS ABROAD
      660 6  -  Singapore-based Brotzeit is looking to build its network of franchisees across Asia to drive growth.BY growth.BY FRANCIS KAN Bavarian sausages and Paulaner beers will soon be finding their way into more tables across Asia as German restaurant brand Brotzeit embarks on a sweeping expansion
      660 words
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      Lock icon The Brotzeit system
      134 6 BROTZEIT’S successful franchising efforts have helped the brand grow its network across the region. Since 2010, it has opened 12 franchise outlets in various markets, including Malaysia, Vietnam, Hong Kong, Shanghai, Shenzhen, the Philippines and Australia. The company was named the Singapore Franchisor of the Year by
      134 words
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      Lock icon NIMBLE-FOOTED SURVIVOR
      793 8  -  Adapting to a fast-changing landscape has helped IM Communications thrive in challenging times. BY FRANCIS KAN AS MOBILE screens and social media feeds dragged consumers away from their newspapers and television sets, advertising agencies have had to quickly adapt to the new realities of media consumption or perish
      793 words
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      Lock icon AT THE TOP OF ITS GAME
      1050 10  -  After more than 40 years, Shangri-La Hotel Singapore continues to reinvent itself to thrive amid challenging conditions.BY conditions.BY FRANCIS KAN FACED with a tight labour market, Singapore’s Shangri-La Hotel has strengthened its human resource and productivity initiatives in an effort to keep ahead of
      1,050 words
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      Lock icon CONSTRUCTING SINGAPORE
      1000 11  -  JPN Industrial Trading’s niche expertise in construction machinery gives the company an edge over its competitors. BY SUE-ANN CHIA competitors.BY SUE-ANN CHIA FROM all three terminals of Changi Airport to the Mass Rapid Transit (MRT) system, from the endless miles of expressways to numerous residential apartments, JPN Industrial
      1,000 words
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      Lock icon STRONGLY ANCHORED IN SINGAPORE
      945 12  -  Mooreast Asia is riding high on the waves of success. BY SUE-ANN CHIA SET up as a subsidiary of a Dutch company more than 20 years ago, Mooreast Asia started life as an after sales service office in Singapore for mooring and anchoring equipment. Today, the
      945 words
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      Lock icon UPS, DOWNS OF TIN TRADING
      1073 13  -  My United Traders is looking to project a more eco-friendly image on its tin trading business. BY SUE-ANN CHIA FROM mobile phones and laptops to flat-screen TVs and more, tin is a critical ingredient in the multitude of electronic gadgets used by today’s consumer. More
      PHOTOS: AFP, BLOOMBERG  -  1,073 words
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      Lock icon SHOPPING IN FIRST CLASS
      856 14  -  DFS Venture Singapore continually reinvents its offerings to keep up with changing consumer tastes. BY FRANCIS KAN WHILEDFSVen-tureSin-ga-poremaybe better known for its duty-free offerings of wines and spirits at Changi Airport, a rebranding of its downtown store along Scotts Road is upping the high-end retail experience
      856 words
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      Lock icon Best in class
      123 14 DFS Singapore has received numerous awards and accolades over the years, including topping the Singapore Retail Index for the past five years. The group’s outlets at Changi Airport is the world’s most lauded spirits, wine and tobacco business, including being named the Best Liquor Store by the
      123 words
    • Article
      Lock icon An enduring partnership
      265 15 DFS has been serving world travellers since 1961, beginning with the opening of Hong Kong’s Kai Tak Airport and subsequently Honolulu Airport in 1962. DFS Singapore Venture was established in 1973, opening its first airport operation at Singapore’s Paya Lebar airport in 1978. It has partnered with
      265 words
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      Lock icon HARNESSING THE POWER OF THE SUN
      994 16  -  Singapore Solar Exchange is looking to make its mark on the renewable energy sector. BY SUE-ANN CHIA BY SUE-ANN CHIA LIFE revolves around the sun and that is even more so at Singapore Solar Exchange (SSX) which deals with the trading of raw materials
      994 words
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      Lock icon GOING GREEN WITH WOOD
      1000 17  -  LHT’s pioneering efforts in producing wooden pallets from recycled wood has fuelled its success over the years. BY SUE-ANN CHIA Recycling is big business for LHT Holdings, formerly known as Lian Hup Timber. For 20 years since it was set up in 1977, LHT was busy
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      Lock icon FROM UFINITY AND BEYOND
      1053 18  -  The home-grown tech company has successfully transformed itself over the past two decades to keep ahead of the competition. BY SUE-ANN CHIA competition.BY SUE-ANN CHIA IT WAS spun off from a public agency into a private entity, survived the dotcom boom and bust, and then went
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      Lock icon MORE ROOM FOR GROWTH
      739 19  -  Centurion Corporation’s expansion in Singapore and abroad is helping it achieve record profits.BY profits.BY FRANCIS KAN FACED with a small market and a tightening of foreign labour flows to Singapore, Centurion Corporation is looking abroad to grow its core business of providing worker and student accommodation.
      739 words
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      53 1 inside Think big and act bold 4 Constructing Singapore 11 Shopping in first class 14 Crafting a brew for success abroad 6 MEDICAL WARD ■U < a STERILE SERVICES UNIT CLEANroom mm® _*T ENGINEERING CONSTRUCTION MANAGEMENT MAINTENANCE ACROMEC Engineers Pte Ltd CRITICAL LABORATORY ned* 6* 4 OPERATING THEATRE SINGAPORE 1000
      53 words
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      729 2 ADVERTORIAL Serving up quintessentially Singaporean and Asian cuisine JUMBO Group is a multi-dining concept food and beverage group renowned for Singaporean and Asian cuisine which is reflective of the rich culinary heritage of the region. The group has become synonymous with delicious food served in a friendly and convivial dining
      729 words
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      1052 3 A Special Feature Presented To You By Singapore A Strong Platform for Trade and Investment As one of the world’s key commodities and foreign exchange centres, ANZ sees the city as a hub of hubs In times of volatility, companies seek safe havens to protect their assets and investments. And
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      154 6 SINGAPORE HONG KONG THAILAND of activation of YMSD MAK NG YOUR epic 7 *r r. 2. H 'M COMEALVE At VMSD, we curate, debate and innovate to craft your brand story with a compelling retail experience. Established in 1992, our expertise in Experiential Retail Design has made us the trusted
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      60 8 Durst. The industrial inkjet specialist durst tf /f r < > By optimising the performance of our printers through both physical and chemical sciences, we succeed in providing our customers with a competitive and profitable edge. That is why we believe that Durst is: "The industrial inkjet specialist" Durst Image
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      80 10 LHL IN Mi IDNH CELEBRATIN EARS s.S 8L&, Mm* <X y > m wa: rmwm m 23ft gi StflS V WE ARE PROUD TO BE AN INTEGRAL PART OF SINGAPORE'S 50 YEARS OF NATION BUILDING, CONTRIBUTING 47 YEARS OF HISTORY IN SHAPING THE SKYLINE OF SINGAPORE WITH HIGH QUALITY, INNOVATIVE
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      1011 11 ADVERTORIAL Winning through innovations The group is able to help clients overcome downstream logistical bottlenecks an economic and reliable bauxite supply-chain for clients, he adds. Rapid expansion Headquartered in Singapore, the group is looking to accelerate the growth in headcount here from the usual three to five people every year.
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      279 12 E.id Projects Pte Ltd was founded by Mr Alex Tan and partners who have more than 20 years of experience in this field. We work very closely with architects, interior designers, and property owners, who have an idea of what they want their interiors to look like. Then, we come
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      845 13 ADVERTORIAL Brotzeit serves authentic German food and beer Home-grown brand provides authentic German lifestyle experience to Asian customers Productivity measures were also put in place through projects such as the online training portal, which allowed the brand to improve the consistency of the customer experience across its outlets. Brotzeit’s first
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      174 14 I I r^f4 GI QgalBviisiBi I a i n gj; OS* ik v BBelREI DIBa I let 55P rfM IEL1M HP n m II r~v t.r.t.i.b Electronic Product Code Information Services |[J IMIH1 L A to life IQ IIP n What Where r E When Why fcllTlfiVlTf ifirili ST S
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      783 15 ADVERTORIAL Providing one-stop value-added services to clients Hock Seng Hoe’s core business includes providing steel materials for the construction, shipyard, O&G, and offshore marine industries ESTABLISHED in 2009, HockSeng Hoe Metal Company is now a reputed structural steel provider. Its core business includes providing quality steel materials for the construction,
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      284 16 V. K tV r 4m H V ,v < T t MS I > +v V 4 A ;> r I V 8 t -4 A M X crc. V V'- S ''V 4-W.W- IA JWiT JSk~T' < mar tt, sttr Rvjv fc» \v' k. 1 o f?T> iTT*i Tilflt
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      682 17 MDPL offers avant-garde marine services Singapore shipping start-up achieves consistent growth in seven years HOME-GROWN shipping company, MDPL offers the offshore oil and gas industry comprehensive cut-ting-edge commercial marine services. Its services are tailored to meet clients’ needs for carrying out tasks with complete safety and operational excellence. MDPL has
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      40 18 ‘TP place where you can find your; household needs k WLQfS* X c. M 1 m mi Japan Home (Retail) Pte Ltd 204 Bedok South Avenue 1 Singapore *****3 SINGAPORE 1000 SINGAPORE SME1000 INTERNATIONAL 100 ***** 4122 Jj/japanhomesingapore B www.iaDanhome.com.sa
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      182 19 Yi He Fa Enterprises Pte Ltd nJ iiWt jfeikfA S9 (RpCancC Tan Managing (Director For more than 3,000 years since its discovery, steel was of little usage to mankind due to the lack of advancement in technology for its production. Then in the 1850s, the introduction of the Bessemer process
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      407 20 ACROMEC ENGINEERS PTE LTD Urn Say Chin Managing Director n v AGROCORP INTERNATIONAL PTE LTD Ravi Raghavan Director AQUATECH PRODUCTS AND SERVICES PTE. LTD. Michael Soo Managing Director ASIA RECYCLING RESOURCES PTE. LTD. Chong Yin Nam Director BROTZE1T PTE. LTD. Filippo Fanin Chief Executive Officer i CHINAAVIATION OIL (SINGAPORE) CORPORATION
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