The Business Times, 19 March 2015

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Microfilm: NL33431
Total Pages: 55
1 30 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 Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Thursday, March 19,2015
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  • DAILY DIGEST
    • Article
      Lock icon Design professionals
      24 1 have been tossed a challenge to draw up a concept master plan and concept proposals for Singapore’s Rail Corridor. TOP STORIES 2
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    • Article
      Lock icon COE premiums
      21 1 rose across the board, reflecting the recent surge in demand. Category A jumped S$3,290 to S$64,700. TOP STORIES 2
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    • Article
      Lock icon The OECD has added
      30 1 its voice to a growing chorus warning of potential instability in financial markets in an environment of monetary easing and low interest rates. TOP STORIES 3
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    • Article, Illustration
      Lock icon Looming residential supply at iskandar
      25 1 Malaysia has prompted the master-planner for Medini to take stock of its plan for the remaining landbank. top stories 4
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    • Article
      Lock icon An average of only 55 per cent
      26 1 of issued shares actually voted in the 279 AGMs of Singapore-listed companies, according to a study. COMPANIES MARKETS 5
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    • Article
      Lock icon London’S Strawberry Star
      24 1 has launched its Singapore office, joining a number of foreign developers who have also opened sales offices here. REAL ESTATE 11
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    • Article
      Lock icon Chinese investors
      27 1 now rival the French in buying vineyards in Bordeaux: a sign both of the region’s global prestige and China’s seemingly unquenchable thirst for wine.CONSUMER 19
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    • Article
      Lock icon Regulators are testing
      21 1 the limits of science in their drive to stop high-frequency traders from manipulating European securities markets. GOVT ECONOMY/22
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    • Article
      Lock icon The American wrestling
      27 1 company famous for its bodyslams and headlocks is bringing its popular brand of sports entertainment to Singapore in a few months. LIFE CULTURE 27
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  • Article
    Lock icon MAS poll: 2015 GDP growth cut to 2.8%
    804 1  -  Lowered forecast still in line with official growth estimate range of 2-4% By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore JUST three months into 2015, forecasters are already cutting back their expectations for full-year growth. Those polled by the Monetary Authority of Singapore (MAS)
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  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 3,361.75 -8.20 KL COMP 1,797.57 +9.70 NIKKEI 225 19,544.48 +107.48 HANG SENG 24,120.08 +218.59 SHENZHEN B 1,127.40 +3.81 DOW (noon EDT) 17,756.11 -92.97
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  • Article
    Lock icon Funds bullish about Europe, Japan equities
    741 1  -  By Neil Behrmann btworld@sph.com.sg London GLOBAL fund managers continue to pile into European and Japanese equities while cutting their exposure to Wall Street. “A net 19 per cent of global asset allocators are now underweight US equities the biggest underweight since January 2008,” according
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      171 1 Hill 8 '*****1 *****4 PROPERTY SALE Capri by Fraser, Changi City transacted at S$203.4m REAL ESTATE 10 EURO INTRODUCTION The currency is making a loser out of Germany here’s why OPINION 25 HOCK LOCK SIEW is there an urgent need for a US rate hike? companies markets 8 DATA CENTRE
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      25 1 PROPERTY 2015 This supplement susses out where the investment opportunities and value deals are. With your copy of The Business Times today. Don’t miss it!
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  • TOP STORIES
    • Article, Illustration
      Lock icon Call for design plans goes out for Rail Corridor
      1228 2  -  Designers must follow a URA brief based on public feedback; the public’s views will be sought again later By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Singapore DESIGN professionals have been tossed a challenge to take part in what could be considered one
      Source: Ministry of National Development, Urban Redevelopment Authority BT Graphics: Simon Ang & Hyrie Rahmat  -  1,228 words
    • Article
      Lock icon COE premiums rise across the board as car demand revs up
      365 2  -  Categories A, B premiums leap more than S$3,200 each By Samuel Ee samuelee@sph.com.sg Singapore CERTIFICATE of entitlement (COE) premiums rose across the board on Wednesday, reflecting the recent surge in demand for new cars. Category A for cars below
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    • Article
      Lock icon Corrections
      64 2 IN “NODX in sharp 9.7 per cent year-on-year fall in February” (BT, March 18), we wrongly reported that NODX grew 1.3 per cent in December; the electronic NODX was up 5.5 per cent in January; and the non-electronic NODX rose 4.4 per cent in January. The figures should have
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    • Article
      Lock icon Lee Kuan Yew’s condition deteriorates further
      269 2  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore FORMER prime minister Lee Kuan Yew’s condition has “deteriorated further”, a statement from the Prime Minister’s Office (PMO) said on Wednesday. “Mr Lee Kuan Yew remains critically ill in the ICU and has deteriorated further,” it said. This
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    • Article, Illustration
      Lock icon KL’s Top Glove logs gain on back of weak ringgit
      472 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE weak ringgit may be hurting consumers, but exporters are beginning to show gains from the limp currency. One such is glove maker Top Glove Corporation its profit for the second quarter to end-February
      PHOTO: BLOOMBERG  -  472 words
    • Article
      Lock icon OECD warns of risk to markets from easy money
      594 3  -  While growth prospects are good in US, China and India, it sees dangers from low inflation in many economies By Anthony Rowley btworld@sph.com.sg Tokyo Tokyo THE Organisation for Economic Cooperation and Development (OECD) added its voice on Wednesday to a growing
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    • Article
      Lock icon SMEs set for a boost from Budget 2015 schemes
      788 3  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE host of support schemes proposed in Budget 2015, if effectively leveraged, can level the playing field for small and medium-sized enterprises (SMEs), startups and large corporations in talent recruitment and retention. This was among
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    • Article, Illustration
      Lock icon Master planner for Medini does a stock take of its land bank
      917 4  -  Medini iskandar Malaysia Sdn Bhd to stop selling land and start developing the 26 million sq ft of commercial plots it owns By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore LOOMING residential supply in Iskandar Malaysia has prompted the master-planner
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    • Article
      Lock icon PM Lee to deliver keynote at Shangri-La Dialogue
      343 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong will deliver the keynote address at the annual Shangri-La Dialogue (SLD) in Singapore this May, organisers announced on Wednesday. This will be the fifth time that Mr Lee will speak at
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      256 3 SINGAPORE 1000 SINGAPORE SME1000 INTERNATIONAL 100 A Tribute of Singapore’s 60 Great Nation Builders Book Launch 19 March 2015 GOLDEN JUBILEE rC\NG 5q p ABR Holdings Limited Amoy Canning Corporation (Singapore) Limited AXS Pte. Ltd. Ban Hock Hin Company Private Limited Bintai Kindenko Pte Ltd Boncafe International Pte Ltd Borden
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  • Page 4 Advertisements
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      127 4 J HOTTES SINGAPORE E n ERPRISE We Want You. Now. Intense, fiery and a real chilli padi of an entrepreneur. Enterprise 50 hotline: *****555 You have led your enterprise to ride wave after wave of success, with three years of solid audited results to prove your mettle. You are exactly
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon When 28% shareholding is a majority at an AGM...
      633 5  -  Study of detailed polling results of 279 annual general meetings shows that the average percentage of issued shares voted is about 55% By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore WHEN is a 28 per cent shareholding a majority? When only 55 per
      Source: The Singapore Report on Shareholder Meetings  -  633 words
    • Article, Illustration
      Lock icon Ex-staffer behind selling of Civmec shares?
      484 5  -  HOT STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE sharp drop in shares of Australian engineering services firm Civmec this week is said to be possibly due to selling by a former employee. The counter dived 29 per cent or 14.5 cents to end
      Source: Bloomberg  -  484 words
    • Article, Illustration
      Lock icon Noble’s shares hit 1.5-year low
      315 5  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore NOBLE Group’s counter closed at a 1.5-year low of S$0.865 on Wednesday, after Iceberg Research said that it would issue a third report this week to raise questions about the commodity trader’s governance, debt and liquidity buffer. On Wednesday,
      Source: Bloomberg  -  315 words
    • Article
      Lock icon Work begins on $200m Aspri-Westlite dormitory
      221 5  -  By Fiona Lam fionalam@sph.com.sg Singapore CONSTRUCTION has begun on the S$200 million foreign worker accommodation and training centre in Jalan Papan, which is jointly developed by Centurion Corporation and Lian Beng Group, in partnership with the Association of Process Industry (Aspri). To be completed
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    • Article
      Lock icon MOM steps up crane inspections following accidents
      328 5  -  By Fiona Lam fionalam@sph.com.sg Singapore FOLLOWING a string of crane-related accidents, mostly in construction sites, the Ministry of Manpower (MOM) has stepped up inspections on crane and lifting operations. An is-land-wide enforcement drive launched this week will take about two weeks. With the
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    • Article, Illustration
      Lock icon STI / Catalist
      63 6 STI Catalist Straits Times index March 18,2015 3,361.75 -8.20 (-0.24%) Current streak 2 days Day high 3,373.57 Day low 3,356.66 52-week high 3,444.57 (Feb 11, 2015) 52-week low 3,057.20 (Mar 20, 2014) ftse ST Catalist index March 18,2015 661.25 -7.23 (-1.08%) Current streak 6 days Day high 668.83 Day low
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    • Article, Illustration
      Lock icon Stocks down as market awaits rate clues
      700 6  -  ST Index sheds 8.2 points, but the broad market’s performance is much weaker with losers outnumbering gainers 2:1 STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE were no surprises as far as Wednesday trading in the local stock market was concerned as the Straits
      Source: Bloomberg  -  700 words
    • Article
      Lock icon STI STOCKS
      320 6 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 -2 249/245 263 213 5.8 6194.5 CapitaLand 346 -4 351/344 371 268 12.7 2.6 *****.4 CapitaMall Trust 207 -5 212/207 226 186.5 5.2 7180.9 CityDev 1007 cd +2 1013/1003 1118 907
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    • Article
      Lock icon MOST ACTIVE
      36 6 VOLUME IHC 58,258,600 Noble 57,211,800 SinoConstruction 33,714,300 SIIC Environment 27,122,900 HPH Trust USD 25,012,800 Market volume 1,278,700,000 VALUE DBS Grp 90,083,744 SingTel 89,537,539 Noble 50,206,598 OCBC Bank 38,723,483 Global Logistic 33,130,629 Market value 1,045,145,000
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    • Article
      Lock icon SGX ETFs
      112 6 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 337 +1 546 337/335 349/307 336/337 UETF SSE50China 247 +6 229 248/240 248/140 245/248 77.2 IS ASIA HYG US$ US1057 +12 112 1057/1047 1119/1013 1045/1130 IS MS India US$ US793 +5 83 827/792 1000/605
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Mar 18 VALUE CLOSE BT OB/OS -816.00 -149.00 BT CADI -*****.00 -151.00 BT 10-day MA -*****.00 -82.00 FTSE ST Mid Cap 765.32 -3.02 FTSE ST Small Cap 471.99 -2.95 FTSE ST All Share 805.31 -2.34 FTSE ST China Top 189.32 -0.27 FTSE ST China 231.13 -0.53 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 6 STI FTSE ST All-Share ftse ST All-Share index March 18,2015 805.31 -2.34 (-0.29%) Current streak 2 days Day high 807.70 Day low 805.08 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 6 STI MSCI EAFE MSCI EAFE index March 17,2015 1,831.17 -1.33 (-0.07%) Current streak 1 day Day high 1,841.93 Day low 1,827.43 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 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 5 0 0 0 6 5 5 Manufacturing 30 66 30 6 9 8 36 75 38 Commerce 11 31 19 7 6 3 18 37 22 Tpt/Stor/Comms 10 22 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,748 16,748 51,410 51,410 Manufacturing 148,520 26,271 174,791 84,418 1,975 86,393 Commerce 106,757 28,577 135,334 102,740 833 103,573 Tpt/Stor/Comms 117,324 240 117,564 207,594 15 207,609 Finance 21,141 531 21,672 197,639 120 197,759 Construction 50,595 17,877
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    • Article
      Lock icon GAINERS
      77 6 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 271.1 0.9 *****/***** DBXT Nifty US$ ***** 62.6 0.3 *****/***** JSH USD 3495 43.1 0.9 3810/3233 DBS Bk 4.7% NCPS ***** 40.0 0.4 *****/***** DBXT CSI300 US$ 1065 38.9 2.7 1068/613 BY PERCENTAGE CLOSE UP 52w high/low FalconEne W*****8
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    • Article
      Lock icon LOSERS
      74 6 BY CENTS CLOSE DOWN 52w high/low DBXT MSAsExJp US$ 3608 -76.5 -1.5 3808/2802 GLD US$ ***** -75.1 -0.5 *****/***** DBXT Vietam US$ 2551 -68.1 -1.9 3100/2403 JMH USD 6294 -57.0 -0.6 6788/5552 Lyxor Mal US$ 895 -45.9 -3.6 1101/892 BY PERCENTAGE CLOSE DOWN 52w high/low Lereno Bio-Chem 0.2 -33.3
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    • Article
      Lock icon UNUSUAL ACTIVITY
      64 6 VOL CLOSE($) CHANGE Jackspeed 93.6 0.070 -0.004 -5.41 Advanced Systems 0.004 L-Jacoberg 206.5 0.031 +0.001 +3.33 China Flexpack 0.012 Next-Gen Sat 0.1 0.003 Pavillon 0.061 SinoConstruction 33,714.3 0.038 -0.002 -5.00 Ellipsiz 21,443.3 0.110 -0.003 -2.66 LH 462.0 0.003 +0.001 +50.00 Kori 0.465 Shows the stocks with the highest
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Airlines
        179 6 Hold Close: S$12.04 Target price: S$12.60 UOB Kay Hian, March 18 SIA’s February pax traffic (RPK) continued to fall as load factors declined despite a cut in pax capacity. This suggests that certain routes still faced excess capacity, especially in the Americas and Europe, where the company will
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      • Article
        Lock icon XMH Holdings
        112 6 Buy Close: S$0.21 Target price: S$0.30 RHB Research, March 18 XMH’s Q3 FY2015 (April) profit after tax and minority interests dipped 3 per cent year-on-year to S$2.7 million. Maintain BUY with a lower S$0.30 target price (from S$0.42) based on 10x FY2016F price earnings, implying a 30 per
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      • Article
        Lock icon Genting Singapore
        234 6  -  Compiled by Claire Huang Buy Close: S$0.905 Target price: S$1.08 Maybank Kim Eng Research, March 18 We leave our below-consensus earnings alone. Since Genting reported its worst-ever results on Feb 24, 2015, its share price has slid 12 per cent. It now trades at multi-year lows of seven
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    • Article
      Lock icon CALENDAR
      11 6 DATA I 9.30 pm (March 13) US Initial Jobless Claims
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    • Article
      Lock icon US$ treads water ahead of Fed announcement
      366 7 CURRENCIES AFP Tokyo THE dollar was stuck in a tight range on Wednesday as investors waited for a policy announcement by the US Federal Reserve. The greenback bought 121.35 yen in Tokyo trade, compared with 121.34 yen in New York late Tuesday. The
      AFP  -  366 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 7 Mar 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.973 4.736 0.716 5.895 47.590 100.028 0.922 8.583 2.815 1.043 77.317 34.001 1.056 9.411 0.763 23.965 25.001 0.515 0.760 Canada 1.028 4.869
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      • Article, Illustration
        Lock icon HANG SENG
        2 7
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      • Article, Illustration
        Lock icon NIKKEI
        1 7
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 7
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      • Article, Illustration
        Lock icon DOW JONES
        2 7
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 7 Mar 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0559 1.0568 0.7595 0.7601 Canadian dollar 1.0859 1.0861 0.7812 0.7811 Euro 1.4750 1.4755 1.0610 1.0613 NZ dollar 1.0123 1.0128 0.7282 0.7285 Sterling pound 2.0494 2.0504 1.4742 1.4748
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 7 Mar 18 S$ Bid Offer 1-month 1.3913 1.3917 2-months 1.3924 1.3928 3-months 1.3938 1.3944 6-months 1.3952 1.3956 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        368 7 Mar 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.76 *****.72 *****.24 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep15 *****.00 1 123 MSCI TAIWAN INDEX FUTURES SPOT 354.01 358.05 353.81 Mar15 353.30 359.00 352.40 358.30 ***** *****2 Apr15 353.20 359.20 352.90 358.90
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        207 7 Mar 18 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 10.8 0.5 5064 0.2 1980 1 OCBC Bk MB eCW*****3 8.4 unch 3876 0.2 1050 5 Rowsley Ltd W*****3 2.3 -0.3 2930 1 18
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 7 In local curr In S$ In US$ dy yr dy yr dy yr Mar 17 Index Change Change Change Change Change Change World Preliminary 1333.5 -0.3 4.5 -0.3 6.4 -0.3 1.5 EAFE Preliminary 1088.9 0.0 10.3 -0.1 8.2 -0.1 3.2 Europe Preliminary 1533.7 -0.4 11.0
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 7 Mar 18 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 7 Mar 18 $S Offer Bid 0vernight 0.50 0.30 1-month 0.8125 0.6875 2-months 0.8500 0.7500 3-months 1.0000 0.9300 Overnight mode: 0.25 US$ 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
        67 7 Mar 18 Mar 18 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.31 5-Year N*****0H 1.625 01-Oct-19 99.04 10-Year NY*****H 3.000 01-Sep-24 104.76 105.05 104.85 15-Year NY*****E 2.875 01-Jul-29 101.94 102.45 102.40 20-Year NZ*****V 3.375 01-Sep-33 107.24 107.20 107.20
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        221 7 Mar-17 iwi rinn?,c Stiwtw (Ml (IKU Agricultural friar V cm i is to c ww WW, <:«)i v>yi«in(JII ua (jnwli) -Oils Udh .1 Ww UU1hTU>3 Giol ynhoai c ca-nuliii) JLUiU :AO£r..js| Man/ UFff ODauilitanii) w 1® nnsaijawH ura (Watifst/taKiifti TTXIIJ Ntfl TiaV■Ml'T" III I'l W/T11I1 1 IllSVImn.ii us*t
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    • Article
      Lock icon Is there an urgent need for a US rate hike?
      815 8  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT FOR all of 2014 and 2015 so far, markets have agonised over when the US Federal Reserve might start raising interest rates. The conventional wisdom is that several rounds of “quantitative easing”
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    • Article
      Lock icon Credit Suisse goes digital amid talent crunch
      472 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CREDIT Suisse, which cracked a record for its new assets under management in Asia Pacific last year, on Wednesday launched its global digital platform for its private banking clients in Singapore. The latest move through its sec-ond-largest
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    • Article
      Lock icon ST Aerospace and Tenryu to set up JV
      123 8 Singapore SINGAPORE Technologies Engineering’s aerospace arm, ST Aerospace, is teaming up with Tenryu Holdings Co to set up joint venture ST Aerospace Aircraft Seats, which will have a planned investment of S$29.8 million. ST Aerospace will own 90 per cent of the
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    • IN BRIEF
      • Article
        Lock icon Blumont to raise S$27m from rights cum warrants issue
        93 8 BLUMONT Group proposed a rights cum warrants issue in a bid to raise up to S$27 million mainly to repay debt. It plans to issue a renounceable non-underwritten rights issue of up to 2.71 billion new shares at an issue price
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      • Article
        Lock icon Keong Hong buys 15% of Kori Holdings
        65 8 CATALIST-listed construction group Keong Hong Holdings has bought 15.12 per cent of Catalist-listed specialist builder Kori Holdings in a married deal. It acquired 15 million shares for S$6.825 million, or S$0.455 a share. One seller was Kori founder and chairman Nobuaki Kori, who
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      • Article
        Lock icon Popular shares suspended from March 19
        57 8 THE privatisation offer for Popular Holdings from major shareholder Grand Apex Holdings at S$0.32 per share closed on Wednesday, with total valid acceptances representing 93.67 per cent of the total issued shares. The offeror will exercise its right of compulsory acquisition. Popular shares will
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      296 5 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
      296 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      631 8 Fulfilling Your Potential For Career Organisational Success Who should attend: Middle to Senior Managers, Team Leaders Supervisors, HR Managers and Mid-career PMETs. FULL-DAY WORKSHOPS Lifelong Employability by Choice and not by Chance 4 Es and 1 P of Leadership: "Practical Implications for Modern Managers” Managing and Harnessing the Potential of
      631 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      1674 9 ADVERTORIAL Meeting the world’s water needs Desalination, recycling of waste water are emerging as effective ways of relieving water supply pressure around the world IF you think there has been less rain over the last few years, you are right. February 2014 was the driest month in Singapore since 1869,
      1,674 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Capri by Fraser transacted at S$203.4m
      410 10  -  Frasers Centrepoint unit acquires serviced apartment-hotel hybrid property from Ascendas-Frasers Centrepoint JV; asset expected to be offered to FHT By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A UNIT of Frasers Centrepoint Limited is paying S$203.4 million for Capri by Fraser, Changi City. The price translates
      FILE PHOTO  -  410 words
    • Article
      Lock icon Centrepoint plans major S$50m facelift
      396 10  -  By Debbie Yong debyong@sph.com.sg @Debbie Yong BT Singapore AFTER a series of high-profile tenant departures in recent weeks, Centrepoint will be undergoing a S$50 million revamp, mall owners Frasers Centrepoint Malls announced on Thursday. Scheduled to commence in May, the “asset enhancement initiative” was first
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    • Article
      Lock icon Pacific Star launches retail units, Soho/loft units in Puteri Cove
      659 11  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE Singapore-based Pacific Star Group and its partner DB2 Land have released for sale 79 retail units and 56 Soho/loft units in Puteri Harbour in Nusajaya, a key flagship zone in Iskandar Malaysia. Prices
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    • Article
      Lock icon London property consultancy ties commission fees to service
      567 11  -  Strawberry Star launches Singapore office to step up marketing efforts By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore LONDON-BASED property consultancy Strawberry Star on Wednesday launched its Singapore office at One Raffles Place, joining a number of foreign developers who have also opened sales
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    • Article, Illustration
      Lock icon China new home prices in biggest fall on record
      527 12 Continued drop a risk to government’s 7% growth target REUTERS Hong Kong CHINA’S average new home prices fell at the fastest pace on record in February from a year earlier, hurt by slower sales during the Chinese New Year holidays, but
      REUTERS; PHOTO: BLOOMBERG  -  527 words
    • Article
      Lock icon Foreigners still keen on Japan property
      1319 13  -  Singapore buyers are yield-sensitive and like investment-grade commercial properties. BY TOMIJI HASEGAWA, CHEW WEN HUI T The writers are, respectively, executive director at OrangeTee Holdings and assistant manager at OrangeTee’s investments advisory unit ABENOMICS has thrust Japan back into the international spotlight. To date,
      1,319 words
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      Lock icon Househunt
      864 13 Property transactions for districts 1 to 19 with contract dates between Feb 4 and Feb 10,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 10/02/2015 99 764 1749 2288 Marina One Residences Apt 04/02/2015
      864 words
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      216 10 AMBER SKYE OWN YOUR PIECE OF THE TAKE A PRIVATE LIFT UP TO PURE LUXURY fe 8 i lNnilir A FREEHOLD PROPERTY WITH A TIMELESS DESIGN IS WORTH INVESTING ANYTIME. Live the high life at Amber Skye. A 22-storey luxury residential development with an iconic Italian design, in the prime
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      75 10 STUNNING SEA WATERWAY VIEWS Luxury Homes for Lease RAYMOND LER CEA Reg No. R*****7J 9005-4100 PATRICK AU CEA Reg No. R*****6B AUDREY PHUA CEA Reg No. R*****6Z VICKY WONG CEA Reg No. R*****5B 9693-2344 9710-3522 NAKAYAMA YUKI CEA Reg No. R*****8C PRISCILLA THOW CEA Reg No. R*****2F 9144-6082 9232-5970 8180-5208
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      161 11 RARE BOAT QUAY SHOPHOUSES Coveted 999-year tenure Zoned “Commercial” No ABSD Approved for F&B use Excellent unobstructed view of the Singapore River Popular precinct for alfresco restaurants and pubs 100% tenanted offering stable income Near to Raffles Place and Clark Quay MRT stations 4 shophouse units 3 Adjoining Shophouses Site
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      442 11 Silver uuorhs GROVE PARK LONDON NW9 GALLIARD HOMES' LATEST LONDON HOTSPOT Exclusive apartments and town houses, creating a new landmark in North London's largest growing REGENERATION ZONE 2 3 m rcj fBEB si U '1 JHI "f 1 n ft*- 1 SI PRICES FROM £250,000 LEGAL FEE CONTRIBUTION FREE FURNITURE
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      481 12 Q JAPAN RESIDENTIAL BUILDINGS forsale ASKING PRICE JPY 1.7 bil USD 14.3 mil Takanawa Minato-ku 2-min walk to Sengakuji station Site area 395.84 sq m 39 Units Completing 4Q 2015 Est. gross yield 4.3% Prestigious neighbourhood near to Shinagawa redevelopment area ASKING PRICE JPY 1.02 bil USD 8.4 mil Akasaka
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      108 12 FOR SALE BY TENDER GOOD CLASS BUNGALOW RIDOUT ROAD, D10 Freehold 2-storey bungalow on elevated land Site Area: 73,277 sf approx Potential for 4 GCB plots Within Ridout Park GCBA Off Holland and Farrer Road Tender Closing: Wednesday, 8 April 2015, 5.00pm For Tender information, please call DTZ Auction: 6393
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      47 12 AUCTION26MAR2015 1 Benoi Place JTC detached factory (3 blks) Land approx. 117,227 sq ft Floor Area approx. 81,352 sq ft Lease expiry 31/12/2026 For further information and viewings, please call: *****866 Mok Sze Sze(CEAReg. No. R*****7H) Jones Lang LaSalle Property Consultants Pte Ltd CEALicence No. L*****26E www.jll.com.sg
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  • COUNTRY FOCUS: KAZAKHSTAN
    • Article, Illustration
      Lock icon Deep historical roots for Kazakh state
      991 14  -  Kazakhstan has come a long way in terms of nation building.REPORTS building.REPORTS BY VINCENT WEE KAZAKHSTANwill celebrate 550 years of being a state this year with events designed to foster nation-building and the celebration of the Kazakh state. The arts and popular culture will
      991 words
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      Lock icon The Assembly once more, with a decree
      256 14 THE role of the Assembly of the People of Kazakhstan is being reinforced this year. Kazakhstan President Nursultan Nazarbayev has signed a decree declaring 2015 the Year of the People’s Assembly of Kazakhstan. This was done to boost public consent in the country
      256 words
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      Lock icon Kazakhstan Constitution comes of age
      349 14 THIS year marks the 20th anniversary of the adoption of the Constitution of independent Kazakhstan. It is an important indicator of how much the country has developed. Among the key objectives is the improving of the Constitution and the evolution of civic initiatives. This is
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    • Article
      Lock icon Infrastructure, banking to receive financial boost
      623 15 KAZAKHSTAN’S Nurly Zhol policy, recently announced by President Nursultan Nazarbayev has been hailed as a far-sighted and prudent one that takes into consideration global economic realities. First articulated in the president’s state of the nation address for this year, the policy advocates bold steps
      623 words
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      Lock icon New year on the steppes
      467 15 THE spring equinox on March 21 is the equivalent of New Year’s Day in Kazakhstan. Known as Nauryz, it is an important holiday for Kazakhstanis, as it marks the beginning of a new year. Meaning “new day”, it is celebrated over several days from March
      PHOTOS: EMBASSY OF THE REPUBLIC OF KAZAKHSTAN  -  467 words
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      Lock icon Elections mark key point for Kazakhstan
      562 15  -  President Nursultan Nazarbayev dispels doubts and explains his decision to run. REPORTS VINCENT REPORTS BY VINCENT WEE KAZAKHSTANwill hold early presidential elections this year as the country girds itself ahead of expected tougher economic conditions next year. The elections will be held this year
      562 words
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      166 14 SHARE WITH US YOUR EFFORT IN ENERGISING THE WORLD TO SUPPORT EXPO 2017 CHOOSE GREEN NOT BLACK CHOOSE ACTION NOT APATHY CHOOSE LIFE NOT DESTRUCTION EXPO 2017 Future Energy Astana Kazakhstan Overconsumption excessive or unnecessary use of resources LACK Of COPPOPflif PfSPOnSIbILITT n 1 10 Slash and bum agricultural practices,
      166 words
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      56 15 V CELEBRQJJPG THE SPIRIT OF YOUTH THQT TROnSCEnDS SPQCE ono Tims V 0 ALMATyc< In 2017, students all over the world will unite in sportsmanship at the 28th Winter Universiade in Almaty, Kazakhstan. Almaty 2017 www.almaty2017.com 28™ WINTER UNIVERSIADE IT. m A* A 9* V K Vi rv I v
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Citigroup struck down in battle between hedge funds, Argentina
      589 16 Ruling also leave Argentina with limited options to raise money from banks NYT New York THE nasty battle between Argentina and a group of New York hedge funds has claimed another victim: Citigroup. The bank said on Tuesday that it would
      NYT; PHOTO: REUTERS  -  589 words
    • Article
      Lock icon Foreign banks could face UK stress tests
      723 16 REUTERS London THE British units of foreign banks could be required by UK regulators to submit to annual health exams for the first time, banking and industry sources said, potentially bringing Britain’s policies into line with those of the US Federal Reserve. The
      REUTERS  -  723 words
    • Article
      Lock icon US mulls revoking old deals with banks that are now under forex probe
      567 16 BLOOMBERG Washington US prosecutors investigating currency manipulation are considering revoking years-old settlements and prosecuting banks for rigging interest rates, according to people familiar with the matter. The Justice Department is weighing whether evidence of wrongdoing in currency
      BLOOMBERG  -  567 words
    • Article
      Lock icon Asia business sentiment in Q1 holds steady: poll
      489 16 REUTERS Shanghai CONCERN over a US interest rate hike kept sentiment in check at some of Asia’s biggest firms, as optimism about the outlook for business over the next six months was near steady in the first quarter, a Thomson Reuters/Insead survey
      REUTERS  -  489 words
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      62 16 19-22 March 2015 SUNTEC Singapore, Levels 3, 4 6 12-9pm fb.com/ComexITShow itshow.sg itshow.sg f fb.com/ComexlTShow Sell your tech products services at Singapore’s LARGEST I.T., digital, mobile consumer electronics exhibition! Call *****620 or email to sales@exhibitsinc.com.sg Book Your Space NOW! *Limited Booths Available ORGANISED BY: Organiser of IT SHOW, Food and
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      87 16 Myanmar: Myanmar Civil Aviation Development Conference 2015 23 26 March 2015 Sedona Hotel Yangon www.mcadc.sphereconferences.com Greater Heights Tfi The only strategic conference where airports, airlines and stakeholders convene to define the future of Myanmar’s aviation sector. Organiser: Patron: Official host: sphere SINGAPORE PRESS HOLDINGS 0 Department of Civil Aviation. Myanmar
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  • ENERGY & COMMODITIES
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      775 17 DOVER COURT INTERNATIONAL SCHOOL (PTE.) LTD. (formerly known as DOVER COURT PREPARATORY SCHOOL (PTE.) LTD.) (the “Company”) (incorporated in the Republic of Singapore) (Company/UEN Registration No. *****0313E) 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
      775 words
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  • TECHNOLOGY
    • Article
      Lock icon Equinix opens flagship DC in Singapore
      765 18  -  “Green” SG3 has been designed to meet safety and data security guidelines set by MAS By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore EQUINIX, one of the world’s largest data centre (DC) operators, opened its third DC in Singapore on Wednesday. This will be its
      765 words
    • Article
      Lock icon CenturyLink begins offering its public cloud service in Asia-Pacific
      643 18  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore CENTURYLINK, the third largest telecom company in the US and a major provider of network services, announced on Wednesday the availability of its CenturyLink Cloud service in the Asia-Pacific region. The cloud platform will
      643 words
    • Article, Illustration
      Lock icon Nintendo reverses course, prepares to enter smartphone gaming market
      766 18 NYT Tokyo FOR years, Nintendo insisted that it would not take its beloved cast of video game characters, including Mario and Zelda, to the smartphones and tablets that tens of millions of people now use to play games. But on Tuesday,
      NYT; PHOTO: AFP  -  766 words
    • Article
      Lock icon HK telco eyeing India software investments
      279 18 BLOOMBERG Hong Kong PCCW Ltd, the Hong Kong telecommunications company controlled by billionaire Richard Li, is eyeing investments in Indian software firms with US and European clients as it expands into cloud computing and support services. PCCW will acquire or take stakes in “second-tier”
      BLOOMBERG  -  279 words
  • Page 18 Advertisements
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      36 18 F 1 X 1 C- C- W V eakmg news in real estate 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 ►■Coogleplay thebusinesstimes btbreakingnews
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  • CONSUMER
    • Article
      Lock icon US pay-TV whittles down to ‘skinny bundles’ on demand
      529 19 TV service were first reported by The Wall Street Journal. BLOOMBERG New York AFTER years of complaining about having to pay for obscure TV channels that they never watch, American consumers might finally be getting their way. The industry buzzword is
      TV service were first reported by The Wall Street Journal. BLOOMBERG  -  529 words
    • Article, Illustration
      Lock icon Facebook launches training scheme for businesses in Brazil’s favelas
      357 19 AFP Sao Paulo FACEBOOK launched a new initiative on Tuesday to offer entrepreneurial and technology skills to small businesses in Sao Paulo’s biggest slum, a trial programme eyeing Brazil’s huge and increasingly lucrative favelas. Under the programme, computer use and classes
      AFP; PHOTO: AFP  -  357 words
    • Article, Illustration
      Lock icon Chinese rivalling French as investors in Bordeaux vineyards
      744 19 They each account for around one-third of buyers; more than 100 properties in France’s south-west wine-producing area owned by Chinese tycoons AFP Bordeaux CHINESE investors now rival the French in buying vineyards in Bordeaux: a sign both of the region’s global prestige
      AFP; PHOTO: AFP  -  744 words
    • Article
      Lock icon illycaffe banking on strong growth in Chinese demand for espresso blends
      336 19 REUTERS London ITALIAN coffee group illycaffe sees strong growth in Chinese demand for espres-so-based blends as part of buoyant global consumption prospects for Italian arabica bean roasts. “This (demand growth) trend is particularly beneficial for Italian espresso-based coffee preparations...
      REUTERS  -  336 words
    • Article
      Lock icon World’s biggest sports shoe maker hit by China factory strike
      304 19 REUTERS Hong Kong CHINA’S Yue Yuen Industrial Holdings, the world’s largest sports shoe maker, said on Wednesday that thousands of workers at a factory in the south of the country have gone on strike following changes to production processes. About
      REUTERS  -  304 words
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      680 19 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PANGAEA DECA (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****4437R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of PANGAEA DECA (SINGAPORE) PTE. LTD. deemed to
      680 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon European AIIB decisions hailed by Chinese media
      527 21 Washington is accused of trying to forge a front among its allies against the Beijing-backed multinational bank AFP Beijing CHINESE state media took a victory lap on Wednesday, gloating over the decision of major European powers to join a Beijing-backed multinational lender that
      AFP  -  527 words
    • Article, Illustration
      Lock icon S Korean businesses protest North’s pay hike at industrial park
      449 21 REUTERS Paju, South Korea A GROUP of South Korean businessmen on Wednesday visited an industrial park Seoul runs jointly with Pyongyang to protest against North Korea’s decision to increase wages paid to workers there, the latest in a series of
      REUTERS; PHOTO: AFP  -  449 words
    • Article
      Lock icon India planning to ease IPO rules for homegrown startups
      738 21 Govt also looking to strip central bank of its powers to regulate govt bonds REUTERS Mumbai INDIA’S market regulator is planning rule changes that will make it easier for homegrown startups to list their shares on local bourses, sources involved in
      REUTERS  -  738 words
    • Article
      Lock icon US envoy says Asean common market goal is years away
      532 21  -  By Jeffrey Hutton btworld@sph.com.sg Jakarta THE US ambassador to Asean has said the 10-nation group may miss by several years its goal to form a single market for goods and services. Nina Hachigian, who heads the US mission to the
      532 words
    • Article
      Lock icon Europe testing limits of science to curb high-frequency market manipulation
      749 22 Securities body wants trading venue clocks synchronised to within a nanosecond but such precision not yet possible BLOOMBERG London REGULATORS are testing the limits of science in their drive to stop high-fre-quency traders from manipulating European securities markets. The European
      BLOOMBERG  -  749 words
    • Article, Illustration
      Lock icon Osborne upgrades UK growth outlook ahead of election
      577 22 BLOOMBERG London THE UK economy will grow 2.5 per cent this year and 2.3 per cent in 2016, Chancellor of the Exchequer George Osborne said in his final budget before the May 7 election as he sought to make the case for
      BLOOMBERG; PHOTO: BLOOMBERG  -  577 words
    • Article, Illustration
      Lock icon Protesters descend on ECB as Draghi fetes 1.3b euro HQ
      395 22 BLOOMBERG Frankfurt ANTI-AUSTERITY protesters seeking to spoil the inauguration of the European Central Bank’s new headquarters in Frankfurt’s east end set vehicles alight, erected barricades and left a trail of destruction across the city. Police deployed water cannons to restore
      BLOOMBERG; PHOTO: REUTERS  -  395 words
    • Article
      Lock icon EU seeks to clamp down on tax avoidance after LuxLeaks
      450 22 Members told to share details of deals agreed with MNCs AFP Brussels THE EU intensified efforts to fight rampant tax avoidance by multinationals on Wednesday in its first major effort to counter the LuxLeaks scandal that poured embarrassment on commission
      AFP  -  450 words
    • Article
      Lock icon Enhanced place & train scheme for PMEs for work in SMEs
      420 22  - Enhanced place train scheme for PMEs for work in SMEs By Prisca Ang prisang@sph.com.sg Singapore AN enhanced place-and-train programme targeted at professionals, managers and executives (PMEs) will help small and medium-sized enterprises (SMEs) better cope with the challenges of talent recruitment, development and retention in a tight labour market. Launched
      420 words
    • Article
      Lock icon Workers in Japan poised to get big pay rises
      709 23 Major carmakers lead the way as profits at Nikkei 225 companies are expected to double to a record this year BLOOMBERG Tokyo WORKERS at Japan’s biggest companies can expect a bigger share of the record profit estimated for this fiscal year
      BLOOMBERG  -  709 words
    • Article
      Lock icon BOJ denies boosting Tokyo stock prices
      586 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo AS the Nikkei share average hit a fresh 15-year high on Tuesday, the Bank of Japan (BOJ) governor dismissed fears that the market was “overheating”, and denied that the central bank was intentionally boosting equity prices by including ex-change-traded
      586 words
    • Article, Illustration
      Lock icon Japan’s export growth slows sharply in February
      468 23 But analysts expect strong demand from the US to boost shipments and help economy step up pace REUTERS Tokyo JAPAN’S export growth slowed sharply in February after surging in the previous month thanks to the timing of the Chinese New Year, but analysts
      REUTERS; PHOTO: REUTERS  -  468 words
    • Article
      Lock icon PBOC helps China corporates cut US$1.1 trillion debt
      846 23 BLOOMBERG Hong Kong CHINA’S companies are coming home for funds as the nation cuts rates while US tightening sparks a dollar surge that’s increasing costs of servicing debt in the currency. Chinese corporates, the world’s biggest foreign borrowers of the greenback with
      BLOOMBERG  -  846 words
  • Page 21 Advertisements
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      40 21 BuildTech Yangon 2015 Myanmar's Leading Building Technology and Supply Event 27 -29 May 2015 Myanmar Convention Centre Yangon, Myanmar TRANSFOSv AIT3PT cs PRE-REGISTER NOW at wwWibtyangon.cprtOrganised by: sphere A SUBSIDIARYOF sfh To Exhibit, call +65 6319 4037 or email btyangon@sph.com.sg
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      Lock icon Page 21 Advertisements Column 2
      70 21 H O T PR O PERTY SAT/SUN. REGENT RES Just TOP. High flr, 2 bdrm F/furn. Near Boon Keng MRT, primary, intl schools. $3.6K NEG, 3-RMS 1050 sf, High flr. Unblocked. Rocca @Balestier. Near amenities Immed. ONE LEICESTER 2+1, 904sf Spacious, 0.3km to Potong Pasir MRT. Good layout. P/furn. Immed!
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  • Page 23 Advertisements
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      56 23 The Premier Platform for Gifts Sourcing flSGPFair Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.SGPFair.com EXHIBIT PROFILE Apparels Uniforms Corporate Gifts Premiums Etc. Interested to exhibit? Tel: (65) 6848 5938 Email: SGPFair@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF
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  • OPINION
    • Article
      Lock icon US Republicans should show leadership on trade issues now
      542 24 EDITORIAL MUCH of the focus of the discussion in Washington on US trade policy has been on the prospects for a successful negotiation of the Trans-Pacific Partnership (TPP) involving the US and 11 Asia-Pacific nations that generate 37 per cent of
      542 words
    • Article, Illustration
      Lock icon Fear of technological job loss real but exaggerated
      813 24  -  Waves of technological advances have always left losers –people whose factories moved or whose skills became obsolete. THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP FOR some time, I’ve been collecting news stories about robots and jobs. By
      THE WASHINGTON POST WRITERS GROUP  -  813 words
    • Article, Illustration
      Lock icon Sri Lanka, China and India – a tangled tale
      1354 24  - Sri Lanka, China and India a tangled tale New governments in Colombo and New Delhi give an opportunity for the three countries to reset the power equation. BY ASIT BISWAS AND CECILIA TORTAJADA BY ASIT BISWAS, CECILIA TORTAJADA T The writers are co-founders of the Third World Centre for Water
      PHOTO: REUTERS  -  1,354 words
    • Article
      Lock icon Japan’s time of troubled reflection
      984 25  -  Some observers say that Mr Abe was anxious to learn from Germany another nation that had a constitution “imposed” upon it after the war to curb militarism, but has since been “rehabilitated”. COMMENTARY By Anthony Rowley THE past week has been a time of troubled
      984 words
    • Article
      Lock icon Provide more details on Budget spending
      413 25  -  TT LETTER TO THE EDITOR Ee Teck Siew EVERY year, the Singapore Budget shows the revenue and expenditure of the State. Total spending for fiscal year 2015 has been pegged at S$79.9 billion, and the media has published charts showing the spending by each
      413 words
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      Lock icon The euro is making a loser out of Germany – here’s why
      1433 25  - The euro is making a loser out of Germany here’s why For the average German, the introduction of the common currency has led to a long period of sub-par growth, high unemployment and wage stagnation. BY DANIEL STELTER stagnation.BY DANIEL STELTER T The author is the founder of German think
      PHOTO: AFP  -  1,433 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1013 26 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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  • Page 26 Advertisements
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      181 26 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 Announce Your Corporate Development Come
      181 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Wrestling stars coming on July 2
      450 27  -  Returning to Singapore after 8 years, WWE Live promises thrills galore with top entertainers By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE American wrestling company famous for its bodyslams and headlocks is bringing its popular brand of sports entertainment to Singapore in a few months.
      450 words
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      Lock icon Sotheby’s picks Madison Square Garden chief as CEO
      911 27 Art world outsider will bring wide business experience and strategic skills, which auction house lacks: analysts NYT New York SOTHEBY’S reached outside the art world on Monday to appoint Tad Smith, a businessman with a background in the entertainment, sport and media
      NYT; PHOTO: NYT  -  911 words
    • Article, Illustration
      Lock icon Top chefs tout sustainable options for fish
      318 27 AFP San Sebastian, Spain TOP world chefs launched a campaign on Tuesday to protect over-exploited fish species by promoting alternatives such as the humble anchovy, sardine and herring in their restaurants. A score of gourmet celebrities said that they would serve sustainable fish
      AFP; PHOTO: AFP  -  318 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      338 27 CRYPTIC CROSSWORD Across 1 Asian navies meet at sea (10) 6 Important people will turn to a shady character (4) 10 Insertion of data is not out of place (5) 11 Even the short-sighted could plainly see that it was dangerous (4,5) 12 Policy that’s uncompromising is almost a shame
      338 words
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  • THE BUSINESS TIMES PROPERTY 2015
    • Article, Illustration
      Lock icon WINDOW of OPPORTUNITY
      340 1  -  LEE MEIXIAN THE on-going debate on whether the government should relax some of the cooling measures introduced over the last few years is being closely followed by both property owners and potential buyers alike because of the impact such an announcement would have on residential property prices.
      PHOTO: BLOOMBERG  -  340 words
    • Article, Illustration
      Lock icon Big luxury condos: A rare species
      1060 2  -  Despite falling supply, prices have slipped but their market fundamentals remain sound.BY sound.BY LEE NAIJIA T The writer is DTZ’s associate director of research. IN land-constrained Singapore, big units of over 2,000 sq ft are attractive to investors due to their scarcity. The stock
      1,060 words
    • Article, Illustration
      Lock icon Luxe condos may be near a ‘turning up’ point
      1006 4  -  With institutions and sophisticated investors buying stacks of condo units, it may indicate that the risk return payoff may favour a re-entry into the high end market. BY ALAN CHEONG market.BY ALAN CHEONG T The writer is senior director at Savills
      Source: Savills, URA  -  1,006 words
    • Article
      Lock icon Deciding between strata and non-strata landed homes
      930 4  -  By Nicholas Mak, Kim Huynh T The writers are head of research consultancy, and analyst at SLP International. OWNING a landed house is a dream for many Singaporeans. To most landed home owners, their landed residential properties are likely one of the most
      930 words
    • Article
      Lock icon Light at the end of the tunnel for prime homes
      1475 6  -  With lower prices and unsold inventory of luxury homes slowly shrinking, the search for value in this asset class is set to gather pace. BY TAN TEE KHOON AND ALICE TAN inventory pace.BY TAN TEE KHOON, ALICE TAN T The
      1,475 words
    • Article
      Lock icon Suburban condos may still be good buys
      1397 8  -  OCR homes are becoming more attractive due to the lower price quantum.BY quantum.BY MOHAMED ISMAIL GAFOOR T The writer is PropNex CEO. THE implementation of the Total Debt Servicing Ratio (TDSR) in June 2013 marked a turning point for the exuberance in the
      1,397 words
    • Article, Illustration
      Lock icon How will higher rates affect property buyers?
      1225 10  -  he recent increase in Sibor has sparked more enquiries on fixed rate packages.BY packages.BY TOK GEOK PENG T The writer is executive director of secured lending at DBS Bank. THE Singapore Interbank Offered Rate (Sibor), which commonly reflects how much it would cost
      PICTURE: FREEIMAGES; Source: DBS Bank; Source: URA  -  1,225 words
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      Lock icon What happens when you can’t fulfil your option to buy?
      1353 10  -  More buyers are failing to complete private home purchases. What legal consequences do they face? BY LEE LIAT YEANG T The writer is a partner of Real Estate Practice Group of Rodyk Davidson LLP. This article is for general information
      PHOTO: FREEIMAGES  -  1,353 words
    • Article, Illustration
      Lock icon Is S’pore still attractive to property investors?
      1058 12  -  Investment sales fell in 2014, but there is in fact feverish activity in the background. CHEONG BY ALAN CHEONG T The writer is senior director at Savills Research. MANY economic and social activities move in cycles. There is a time for investing and
      Source: Savills Research & Consultancy  -  1,058 words
    • Article, Illustration
      Lock icon HDB resale volume may rebound as prices dip
      1497 12  -  By Eugene Lim T The writer is key executive officer of ERA Realty Network. THE total number of resale HDB transactions for 2014 was just 17,318 units a further decrease of 4.3 per cent from the already low 18,100 units transacted in
      FILE PHOTO  -  1,497 words
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      Lock icon HOUSEHUNT 2015
      583 14 / 15 Projects currently on the market DISTRICT PROJECT TENURE LOCATION DEVELOPER TOTAL 1 V on Shenton 99 Shenton Way UIC Investments (Properties) Pte Ltd 510 2 Clermont Residence 99 Wallich Street Guocoland Ltd 181 2 Skysuites Anson 99 Enggor Street Allgreen Properties Ltd 360 2 Onze Tanjong Pagar FH
      583 words
    • Article, Illustration
      Lock icon Residential leasing options on the rise
      1385 16  -  As housing allowances tighten, tenants get to choose new and more affordable locations.BY locations.BY JULIANN TEO, TAYLOR WAH T The writers are head of residential leasing, and a research analyst at JLL. Residential leasing in Singapore has been largely driven by foreigners. While expatriates
      Source: URA, JLL Research  -  1,385 words
    • Article, Illustration
      Lock icon Planning a productivity-boosting open plan office
      1029 16  -  New high performance workplaces may also help to tackle high overheads and physical constraints By Peter Andrew T The writer is director, workplace strategies, for cbre in Asia. IN his recent budget speech, Finance Minister Tharman Shanmugaratnam expounded on the need for the Singapore
      1,029 words
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      Lock icon Upbeat on the Grade A office market
      1308 22  -  Latest trends include flight to quality, new decentralised hubs, and tech firms entering the CBD.BY CBD.BY JUNE CHUA, SHAUN POH, CHRISTINE LI T The writers are executive director of leasing, executive director of capital markets and director of research at Cushman Wakefield. FLIGHT
      Source: Cushman & Wakefield Research  -  1,308 words
    • Article, Illustration
      Lock icon Quiet but stable on the strata front
      1568 22  -  TDSR has hurt transaction volumes of strata offices, shops and industrial properties, but prices appear resilient By Leonard Tay, Doreen Goh, Carissa Chin T Mr Tay and Ms Goh are associate directors at Colliers, while Ms Chin is assistant manager of research advisory.
      Source: URA/Colliers International Singapore Research; Source: URA/Colliers International Singapore Research (as at Feb 2, 2015)  -  1,568 words
    • Article, Illustration
      Lock icon Singapore’s industrial evolution
      1801 24  -  The industrial property landscape has shifted with the economy, moving from manufacturing to knowledge-based. BY LIM KIEN KIM, CATHERINE NG, PEARL LOK T The writers are executive director and head, industrial; associate director, industrial; and assistant manager, consultancy research at Knight Frank. Evolution of industrial landscape (1960s
      FILE PHOTO  -  1,801 words
    • Article, Illustration
      Lock icon Working together to tackle retail challenges
      1457 26  -  Labour issues, business costs, e-commerce these are issues that must be dealt with if the retail sector is to thrive and sustain demand for retail property. BY HEIDI YONG, ALICE TAN, WONG SHANTING property.BY HEIDI YONG, ALICE TAN, WONG SHANTING T The writers are
      Source: Knight Frank Research; PHOTO: REUTERS  -  1,457 words
    • Article, Illustration
      Lock icon Minding those overseas taxes
      2683 27  -  When buying real estate abroad, it pays to pick the right investment structure to protect profits. BY TEO WEE HWEE, MATIJA NECEMER T The writers are real estate tax leader and corporate tax advisory manager at PwC Singapore. THE purchase of a real estate investment can
      BLOOMBERG FILE PHOTO  -  2,683 words
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      Lock icon Malaysia’s residential property outlook
      1452 28  -  he market has been checked by 2014 cooling measures, but the kicking in of GST in April may raise home prices. BY FOO GEE JEN T The writer is managing director of CH Williams Talhar Wong Sdn Bhd. THE Malaysian residential property sector recorded more than
      FILE PHOTO  -  1,452 words
    • Article, Illustration
      Lock icon Venturing into overseas property investment
      929 28  -  First do your homework: review your affordability, and research your financing options as well as the country’s property rules By Phang Lah Hwa T The writer is head of consumer secured lending at OCBC Bank. DURING the last six years, the Singapore government had introduced
      Source: MAS Financial Stability Review 2014; FILE PHOTO  -  929 words
    • Article, Illustration
      Lock icon Complex London
      1410 29  -  Inner and Outer London to see more demand; Central London to remain strong despite GE and tax concerns. BY DORIS TAN concerns.BY DORIS TAN T The writer is head of international residential property services at JLL. THE London housing market has become very complex in recent years. There
      PHOTO: BLOOMBERG  -  1,410 words
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      417 1 inside Big luxury condos: A rare species 2 Luxe condos may be near a ‘turning up’ point 4 Suburban condos may still be good buys 8 How will higher rates affect property buyers? 10 Residential leasing options on the rise 16 Planning a productivity-boosting 16 open plan office Singapore’s industrial
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      1331 11 Developer's License No.: *****-1/02-2017/0151(L) Valid: 25/02/2015 24/02/2017 Advertisement Sale Permit No.: *****-1/02-2017/0151(P) Valid: 25/02/2015 24/02/2017 Expected Date of Completion: 2018 Building Plans Approving Authority: Majlis Daerah Pontian Building Plans Approval No.: (10) dlm. MDP.16/D0008/14@MDP.3291/KMKTPB/2014/0002 Tenure of Land: Freehold Encumbrances: Asian Finance Bank Berhad Total Units: 656 Price: Min RM 1,070,000.00
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