The Business Times, 23 March 2015

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Microfilm: NL33431
Total Pages: 26
1 26 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 C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Monday, March 23, 2015G
    25 words
  • DAILY DIGEST
    • Article
      Lock icon Apparently egged on
      83 1 by a stronger US dollar and weaker share prices in this part of the world, US investors were still snapping up stocks in markets in Singapore and the rest of Asia in the final three months of 2014. At the same time, Singapore-based and other Asian punters
      83 words
    • Article, Illustration
      Lock icon Lafe Corporation
      53 1 is understood to be seeking a bulk buyer for the balance 21 units at its 33-unit Residences at Emerald Hill project ahead of a deadline to finish sales by June this year to avoid paying another round of hefty extension charges to the authorities under Qualifying Certificate rules.
      53 words
    • Article
      Lock icon The oil price crash
      32 1 is taking a growing financial toll on companies throughout the industry, forcing some into bankruptcy and others to issue expensive junk bonds to stay afloat. BANKING FINANCE /16
      32 words
    • Article
      Lock icon US drillers already reeling
      59 1 from a six-month drop in oil prices denounced new US fracking regulations as costly and unnecessary, and quickly met them with a lawsuit. The US Interior Department said on Friday that drillers on federal land must reveal the chemicals they use, meet construction standards for wells
      59 words
    • Article
      Lock icon A rift is emerging
      41 1 between Prime Minister Shinzo Abe and his hand-picked central bank boss on how to fix Japan’s tattered finances, which could blunt the impact of the “Abenomics” stimulus policies they have worked together to prosecute. GOVERNMENT ECONOMY 22
      41 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,412.44 +49.67 KL COMP 1,803.65 +21.90 NIKKEI 225 19,560.22 +305.97 HANG SENG 24,375.24 +552.03 SHENZHEN B 1,136.19 +21.07 DOW 18,127.65 +378.34
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  • Article, Illustration
    Lock icon Singapore stocks: mostly unexciting, ignored, and cheap in Asean
    978 1  -  But analysts and fund managers are still keen on global cyclical stocks here like airlines, soft commodities and Reits, besides banks and telcos By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE Singapore market is now trading at cheap valuations relative to its
    Source: Datastream, IBES, DBS Bank  -  978 words
  • Article
    Lock icon IMF, ADB add to support for China-led lender
    449 1 REUTERS Beijing CHINA received critical support from the International Monetary Forum and Asian Development Bank on Sunday for its goal of establishing a new Chinese-led multilateral lender, adding to a growing wave of endorsements that has worried the United States. Leaders of
    REUTERS  -  449 words
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      Lock icon Page 1 Advertisements Column 1
      85 1 Hill 8 '*****1 *****4 GLOBAL EQUITIES Bull market back as stocks rally and Nasdaq nears record TOP STORIES 2 NEW JAPANESE EATERIES Style at Tburu and substance at Kanda Wadatsumi DINING OUT/26 TOP DOLLAR Strengthening US dollar: what are the implications? views from the top /12-13 TOPLINE OPV film spells
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  • TOP STORIES
    • Article, Illustration
      Lock icon Singapore Reits offer value against HK, US peers
      918 2  -  But the depreciating Singapore dollar, plus too many leveraged private clients in local Reits in face of an interest rate hike, are causes for concern By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS THE US Federal Reserve prepares to hike interest rates for
      Source: UBS estimates, Eastspring Investments, as at Jan 9, 2015  -  918 words
    • Article, Illustration
      Lock icon Bull market back as global stocks rally 3%, Nasdaq nears record
      1267 2 BLOOMBERG New York GLOBAL stocks last week powered to their best weekly rally in nearly two years, sending two of the biggest equity benchmarks to the brink of records, on speculation that the US Federal Reserve will leave interest
      BLOOMBERG; PHOTO: AFP  -  1,267 words
    • Article
      Lock icon DB Platinum
      9 2 Croci Branchen Stars R1C-A 16/03/2015 234.55 EUR
      9 words
    • Article
      Lock icon US investors kept buying Singapore shares in Q4
      853 4  -  Singapore investors sold US$2.08b of US stocks in the fourth straight quarterly sale By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore APPARENTLY egged on by a stronger US dollar and weaker share prices in this part of the world, US investors were still
      853 words
    • Article
      Lock icon Shanmugam to attend Johor Sultan coronation
      166 4 Singapore MINISTER for Foreign Affairs and Minister for Law K Shanmugam, together with his wife Dr Seetha Shanmugam, are visiting Johor on Monday to attend the coronation of the Sultan of Johor, Sultan Ibrahim Sultan Iskandar, 56. They will attend the coronation ceremony in
      166 words
    • Article, Illustration
      Lock icon Rush by leading nations to join China-sponsored AIIB accelerates
      1060 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE scramble by leading nations outside the region to join the Asian Infrastructure Investment Bank (AIIB) is intensifying, with Australia likely to announce a decision as early as this week to begin entry negotiations in a
      PHOTOS: REUTERS, BLOOMBERG  -  1,060 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      106 2 Wine, Dine Hospitality Highlights WEEKEND AFTERNOON HIGH TEA CONRAD CENTENNIAL SINGAPORE Elegance Indulgence re-defined Indulge in a buffet of oysters, meat carving stations, unlimited chocolate selection and tropical sangrias to kick start your weekend! Lobby Lounge Available every Saturday, Sunday and Public Holiday from 2pm to 6pm $58++ per adult
      106 words
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      83 2 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements FROM THE HEART OF EURASIA FLY TO KAZAKHSTAN AND BEYOND Beijing Almaty Bangkok Almaty Kuala Lumpur-Almaty 5 a week 7 a week 3 a week Beijing Astana Bangkok Astana Ho Chi Minh Almaty 2 a
      83 words
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      941 4 VICOM LTD (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****0320K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Fourth Annual General Meeting of the Company will be held at the Auditorium, ComfortDelGro Headquarters, 205 Braddell Road, Singapore *****1 on Tuesday, 21 April 2015 at 10.00
      941 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon OPV film spells riches for vTrium
      853 6  -  The ambitious energy firm aims to use the German technology “to convert every building facade (in S’pore) into an electrical generator”. TOPLINE BY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT WHAT was supposed to be a routine work trip to Germany last year unexpectedly led to one
      853 words
    • Article, Illustration
      Lock icon Your first board meeting
      886 6  -  Whether it’s a fantastic experience or an unmitigated disaster depends on you.BY you.BY MIKE GRAY T The writer is a member of the publications committee of the Singapore institute of Directors NEW directorships are nerve-racking enough for the experienced, never mind a first-appointment novice. No one
      PHOTO: FREEIMAGES  -  886 words
    • Article, Illustration
      Lock icon Iceberg warns bargain-hunters
      715 7  -  Its latest report says Noble’s debt higher than it seems, values firm at S$0.10 a share NOBLE’S ICEBERG SAGA By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT IN its third and final report on Noble Group, little-known company Iceberg Research warned bargain-hunters from picking up shares in the commodity trading
      Source: Bloomberg  -  715 words
    • Article
      Lock icon Sinopec profit dips to lowest since ’08
      132 7 BLOOMBERG Hong Kong CHINA Petroleum Chemical Corp posted the lowest annual profit since the global financial crisis in 2008 as slumping crude oil prices took a toll on Asia’s biggest refiner. Net income for 2014 at the company known as Sinopec dropped to
      BLOOMBERG  -  132 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index March 20,2015 3,412.44 +49.67 (+1.48%) Current streak 2 days Week high 3,412.44 Week low 3,361.757 52-week high 3,435.66 (Feb 20, 2015) 52-week low 3,167.73 (Oct 17, 2014) FTSE ST Catalist Index March 20,2015 666.24 -14.95 (-2.19%) Current streak 1 day Week high 672.96 Week
      64 words
    • Article
      Lock icon STI STOCKS
      320 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 260 +11 260/245 263 214 5.5 6573.7 CapitaLand 352 +4 353/341 371 270 12.9 2.6 *****.8 CapitaMall Trust 215 +3 216/207 226 186.5 5 7458.4 CityDev 1009 cd -3 1015/993 1118 915
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    • Article
      Lock icon MOST ACTIVE
      34 8 woaiMf WntJlf 3O7.2KO.100 IHC240,042,600 sue Environment 151,120,200 Moya Asta 154.013,000 KIOII 124.456,300 Matt f-t volume: 7.101.686.000 VA'-J.'E i$i singioi 520,771,380 OliirtafO 4i9.1»5,S!!U Noble 2.73.672,477 DOB J64,*****1 CCPC BnnV 204,330, 9g9 S,*****1 000
      34 words
    • Article
      Lock icon SGX ETFs Most Active
      110 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 342 +6 6209 342/335 349/308 341/342 UETF SSE50China 255 +20 945 259/232 259/140 256/257 79.7 IS MS India US$ US790 +2 489 827/780 1000/605 787/790 98.8 IS Asia BND US US1058 -7 249 1062/1051
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    • Article
      Lock icon COMPANY MEETINGS
      119 8 COMPANY MEETING PLACE DATE TIME Hiap Hoe Ltd E Ramada S'pore 16 Ah Hood Rd Zhongshan Rm (Lvl 2) 23-Mar 11.00am China Fishery Grp E Taurus Leo Rm (Lvl 1) Marina Mandarin S'pore 6 Raffles Boulevard 25-Mar 11.00am Pacific Andes Res E Taurus Leo Rm (Lvl 1) Marina
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 20 VALUE CLOSE BT OB/OS -693.00 +79.00 BT CADI -*****.00 +65.00 BT 10-day MA -*****.00 -69.00 FTSE ST Mid Cap 770.13 +1.39 FTSE ST Small Cap 473.67 +1.72 FTSE ST All Share 815.74 +5.31 FTSE ST China Top 189.83 -0.49 FTSE ST China 232.90 -0.83 FTSE
      77 words
    • Article, Illustration
      Lock icon STI likely to open softer this week
      653 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AS noted in our Saturday column, trading in the local market last week was largely within expectations, the Straits Times Index (STI) dropping into the red for the year to date when the US Federal Reserve started
      653 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index March 20,2015 815.74 +8.31 (+1.03%) Current streak 2 days Week high 815.74 Week low 805.31 52-week high 825.05 (Feb 6, 2015) 52-week low 766.44 (Oct 17, 2014)
      36 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index March 20,2015 1,887.31 +71.47 (+3.94%) Current streak 3 days Week high 1,887.31 Week low 1,831.17 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 11 0 0 0 0 5 11 0 Manufacturing 43 99 32 10 17 9 53 116 41 Commerce 16 45 13 3 9 7 19 54 20 Tpt/Stor/Comms 15 25 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 91,382 91,382 323,650 323,650 Manufacturing 845,802 145,221 991,023 456,616 10,120 466,736 Commerce 535,346 151,858 687,204 550,946 5,336 556,282 Tpt/Stor/Comms 635,626 1,354 636,980 1,115,883 137 1,116,020 Finance 117,466 1,002 118,468 1,059,463 211 1,059,674 Construction 263,501 111,543
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    • Article
      Lock icon Markets mirror performance of greenback
      730 8 COMMODITIES AFP London COMMODITY markets swung between losses and gains last week, mirroring the performance of the US dollar. The US currency, which at the start of the week was pushing the euro towards parity, began to fall after the Federal Reserve dropped its pledge
      AFP  -  730 words
    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 466.4 1.6 *****/***** DBXT Nifty US$ ***** 276.2 1.4 *****/***** DBXT MSKorea US$ 5762 216.5 2.8 6735/5484 DBXT China50 US$ 3468 209.6 4.6 3554/2624 GLD US$ ***** 165.2 1.1 *****/***** BY PERCENTAGE CLOSE UP 52w high/low ChinaSing Inv 3
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -1949.0 -5.5 *****/***** Lyxor Idonesia US$ 8966 -131.9 -1.0 9636/8507 DBXT DBCDJUBS US$ 2186 -129.1 -4.1 3096/2185 DBXT Vietnam US$ 2540 -111.0 -3.1 3100/2403 SPDR DJIA US$ ***** -91.6 -0.4 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low CN9200MBeCW*****8 1.5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE ChinaSing Inv^ 6.1 0.030 +0.020 +200.00 Suntar Eco-City 100.0 0.052 -0.048 -48.00 Top Global 22,355.6 0.006 +0.002 +50.00 Hiap Tong 70.1 0.125 -0.023 -15.54 Universal Res 327.0 0.034 -0.006 -15.00 LH 1,856.6 0.003 +0.001 +50.00 Pavillon 141.1 0.060 -0.010 -14.29 Pharmesis Intl 28.0 0.032 -0.008
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    • Article
      Lock icon Euro has best week vs US dollar since Oct 2011
      417 9 CURRENCIES New York THE US dollar stumbled on Friday, capping its worst weekly performance against the euro in more than two years, pulled lower by expectations US interest rates will rise more slowly than previously expected. The greenback also ended
      417 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.974 4.764 0.720 5.957 48.006 100.627 0.928 8.629 2.860 1.031 78.355 34.425 1.066 9.407 0.760 24.174 25.124 0.521 0.768 Canada 1.027 4.893
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Mar 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0656 1.0661 0.7677 0.7680 Canadian dollar 1.0945 1.0951 0.7889 0.7885 Euro 1.4809 1.4813 1.0669 1.0671 NZ dollar 1.0335 1.0343 0.7446 0.7451 Sterling pound 2.0449 2.0458 1.4733 1.4737
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Mar20 S$ Bid Offer 1-month 1.3892 1.3897 2-months 1.3905 1.3911 3-months 1.3919 1.3925 6-months 1.3950 1.3958 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
        3 words
      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
        3 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 20 $S Offer Bid 0vernight 0.25 0.15 1-month 0.875 0.75 2-months 0.9375 0.8125 3-months 1.0625 0.9600 Overnight mode: 0.50 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12
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      • Article
        Lock icon SIBOR
        36 9 Mar 20 (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 GOVERNMENT SECURITIES
        69 9 Mar 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.17 102.30 102.25 5-Year N*****0H 1.625 01-Oct-19 98.6 98.95 98.70 10-Year NY*****H 3.000 01-Sep-24 104.51 105.05 104.85 15-Year NY*****E 2.875 01-Jul-29 101.87 102.10 101.95 20-Year NZ*****V 3.375 01-Sep-33 107.13
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        365 9 Mar 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.71 *****.44 *****.63 Jun15 *****.00 *****.00 *****.00 *****.00 *****6 *****0 Sep15 *****.00 2 143 MSCI TAIWAN INDEX FUTURES SPOT 359.26 361.62 359.26 Mar15 362.20 362.70 360.10 360.90 ***** *****1 Apr15 362.80 362.90 360.70 361.20
        365 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        210 9 Mar 20 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 13.1 3.6 ***** 0.2 1980 1 Rowsley Ltd W*****3 2.4 -0.4 ***** 1 18 19 OCBC Bk MB eCW*****3 9.7 0.6 ***** 0.2
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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 20 Index Change Change Change Change Change Change World Preliminary 1356.3 0.9 6.3 0.8 8.3 1.4 3.9 EAFE Preliminary 1106.3 0.7 12.1 1.4 10.9 2.0 6.3 Europe Preliminary 1561.8 1.0 13.0
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Mar-20 Price Net change change Last Trade Agricultural Mar-20 CBOT Soybeans (US cents/bu) 973.75 12.00 1.25% 14/05/2015 CBOT Soybean Oil (US cents/lb) 30.68 0.06 0.20% 14/05/2015 CBOT Wheat (US cents/bu) 530.00 18.00 3.52% 14/05/2014 Mar-20 LIFFE Cocoa (£/tonne) 1945.00 22.00 1.14% 13/05/2015 LIFFE Coffee (US$/tonne) 1796.00 5.00 0.28%
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    • Article
      Lock icon Buying by directors down, selling remains low
      1149 10  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd THE buying among directors fell while the selling remained low based on filings on Singapore Exchange in the third week of March. A total of 25 companies recorded 56
      1,149 words
    • Article
      Lock icon PRIME LENDING RATES
      268 10 Mar 20 BANKS Agricultural Bank Of China Agricultural Bank Of China 5.50 Bangkok Bank Public Co. Ltd 6.00 5.50 Bank of Communications 5.50 6.00 Bank of China Limited Bank of Taiwan Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque Internationale a Bank of Singapore
      268 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1893 10 Payment Ex Rec Pay Ann (cts) date date date date Adv Integrated Mufg ak 0.230 06-May 08-May 20-May 27-Feb AIMS AMP Cap Ind Reit (1 Oct-31 Dec 2014) ct 2.830 04-Feb 06-Feb 26-Mar 29-Jan Alumina Ltd ADR 10 ar 6.400 05-Mar 09-Mar 26-Mar 02-Mar AP Oil Intl aw
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1579 10 Source: Thomson Reuters Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 1.50 1.50 2 9.85 14.82 1.66 1.46 Amtek Engineering Ltd 2.00 2.00 2 0.06 7.48 0.85 0.64 ARA Asset
      1,579 words
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      2258 7 (Constituted in the Republic of Singapore pursuant to a trust deed dated 28 November 2005 (as amended)) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of the holders of units of Keppel REIT (the “Unitholders”) will be held at Raffles City Convention Centre,
      2,258 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Lafe eyes bulk sale of Emerald Hill project
      723 11  -  Expression of interest for remaining 21 units in freehold project closes on March 30 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore LAFE Corporation is understood to be seeking a bulk buyer for the balance 21 units at its 33-unit Residences at Emerald Hill
      723 words
    • Article
      Lock icon Dubai builder Arabtec swings to Q4 loss
      287 11 REUTERS Abu Dhabi DUBAI’s largest construction firm, Arabtec, swung to a net loss of 67.4 million dirhams (S$25.27 million) in the fourth quarter of last year, missing analysts’ estimates as high costs weighed on its bottom line. The builder, in which Abu Dhabi
      REUTERS  -  287 words
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      674 11 14 The Institute of Internal Auditors Singapore CA CRMA CCSA CFSA CGAP Certified Internal Auditor Certification in Risk Management Assurance" Certification in Control Self-Assessment” Certified Financial Services Auditor® Certified Government Auditing Professional* In a world of OPPORTUNITY, the sky’s the limit. The IIA offers a comprehensive certification portfolio for internal
      674 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon TOP DOLLAR
      2133 12 THIS WEEK’S TOPIC What are the implications for your business, for financial markets and for the economy both positive and negative of the strengthening of the US dollar? Katherine Cole Regional Director Hotels.com. AS the greenback continues to strengthen against foreign currencies, the shift will inevitably create a
      PHOTO: BLOOMBERG  -  2,133 words
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      Lock icon Page 12 Advertisements Column 1
      357 12 STProperty EVE CITS STPROPERTY SEMINAR: Strategies to Capitalise on Opportunities and Avoid Pitfalls in the Property Market 2015 Date: Saturday Sunday 18- 19 April 2015 Venue: SUNTEC Singapore Convention Exhibition Centre Level 3 Rooms 300-304 308-312 Time: 11.00am to 4.00pm Registration starts at 10.30am All prices are inclusive of GST
      357 words
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      Lock icon Page 13 Advertisements Column 1
      2305 13 Q NEW TOWN CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED (Incorporated as a company limited by shares under the laws of the British Virgin Islands) (Company Registration Number: *****73) Singapore Stock Code: D4N.si Hong Kong Stock Code: 1278 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The virtues of a conglomerate
      1934 14  -  Conglomerates such as Berkshire Hathaway add value to shareholders, argues Warren Buffett in his 2014 letter to shareholders By Warren Buffett BERKSHIRE is now a sprawling conglomerate, constantly trying to sprawl further. Conglomerates, it should be acknowledged, have a terrible reputation with investors. And they
      PHOTO: BLOOMBERG  -  1,934 words
    • Article, Illustration
      Lock icon Conglomerates are not built equally
      807 14  -  They offer diversified earnings streams, but can be complex and prone to value destruction MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT WHEN Singapore’s Keppel Corporation made a bid of as much as S$3.2 billion in January to buy the shares of subsidiary Keppel Land (KepLand)
      807 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      113 14 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • FUJI XEROX DOCUWORLD ROUNDTABLE
    • Article, Illustration
      Lock icon IoT to thrive, overcoming security concerns, say experts
      1847 15  -  Security should not be an impediment but should aid in development of new technology. BY ALFRED SIEW The writer is a freelance journalist Technology is set to deliver the promise of intelligent devices to revolutionalise how enterprises develop products and engage customers.
      PHOTO: FUJI XEROX  -  1,847 words
  • Page 15 Advertisements
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      49 15 Soar Ascend Higher. Now you can. Enhance your business productivity with our scalable suite of user-friendly solutions that are as intuitive as they are smart. For enquires, call 6766 8888 or visit www.fujixerox.com.sg to find out more. fuji xerox > r Xero! 799 7. The Future nga '-L T: L
      49 words
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  • BANKING & FINANCE
    • Article
      Lock icon Stressed oil firms turn to junk bonds, bankruptcy
      648 16 Rise in junk bonds and bankruptcies are the latest sign of stress in the petroleum sector as US crude prices linger around US$45 a barrel, down nearly 60 per cent since June AFP New York THE oil price crash is taking a
      AFP  -  648 words
    • Article, Illustration
      Lock icon Deutsche Bank revamp plan to hit retail hardest, say sources
      499 16 REUTERS Frankfurt Deutsche Bank’s retail operations will bear the brunt of its planned restructuring and will most likely be spun off in a stock market listing, two sources familiar with internal discussions at Germany’s biggest bank said on Saturday. The
      REUTERS; PHOTO: BLOOMBERG  -  499 words
    • Article
      Lock icon BofA alters bylaws on director nomination
      387 16 REUTERS Boston BANK of America Corp joined a growing list of US companies that are changing their corporate governance rules to make it easier for shareholders to nominate directors, after talks with pension funds. The bank said on Friday its amended bylaws would allow
      REUTERS  -  387 words
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      2512 16 EXCELPOINT TECHNOLOGY LTD (Company Registration No. *****3280C) (Incorporated in the Republic of Singapore with limited liability) NOTICE OF FOURTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the FourteenthAnnual General Meeting of Excelpoint Technology Ltd (the “Company”) will be held at Grand Mercure Roxy Singapore, 50 East Coast Road, Roxy
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon US oil industry challenges first federal fracking rules
      942 17 Rules will exacerbate a flight from federal and tribal lands to private property as well as cost local jobs and federal revenue, say lawyers BLOOMBERG Washington US DRILLERS already reeling from a six-month drop in oil prices denounced new US fracking regulations
      BLOOMBERG; PHOTO: AFP  -  942 words
    • Article
      Lock icon China aims to build 3 to 5 giant steel mills by 2025
      389 17 REUTERS Shanghai CHINA aims to build three to five giant steel mills and boost the crude steel output of its top 10 steelmakers to more than 60 per cent of the country’s total by 2025, state-owned Xinhua News
      REUTERS  -  389 words
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      2938 17 HENGXIN TECHNOLOGY LTD. (carrying on business in Hong Kong as HX Singapore Ltd.) (Incorporated in Singapore with limited liability) (Singapore Registration No.: *****4927H) (Hong Kong Stock Code: 1085) (Singapore Stock Code: 185) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS EIEREBY GIVEN that the annual general meeting (the "Annual General Meeting")
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Lockheed sets sights on new target: climate change
      918 18 It has launched new initiatives such as harnessing energy from tides, purifying water, nuclear fusion and ecological fish farming WP Washington THE head of one of the world’s most innovative fish farms sports a scruffy beard and talks about saving the planet
      WP; BLOOMBERG  -  918 words
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      Lock icon Slow to change, Kodak now clings to a future beyond film
      2121 19 But CEO Jeff Clarke is mining the history of the company for its underlying technologies NYT New York OF THE roughly 200 buildings that once stood on the 526-hectare campus of Eastman Kodak’s business park in Rochester, New York,
      NYT; PHOTOS: NYT  -  2,121 words
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      2290 18 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices NEPTUNE ORIENT LINES LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****0632D NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 46th Annual General Meeting of Neptune Orient Lines Limited (the "Company") will be held on
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      598 18 NEPTUNE ORIENT LINES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0632D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Neptune Orient Lines Limited (the “Company”) will be held at The Star Gallery, Level 3, The Star Performing Arts Centre, 1
      598 words
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      273 19 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TIMELESS GALLERY MBS PTE. LTD. (Co. Registration No. *****7916N) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50,
      273 words
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      388 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BOCIMAR CHEMICAL PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****2333E (“the Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 18 March 2015, the Resolutions set out
      388 words
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      428 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MAHERS OF (1) MKR MACHINE TOOL MAINTENANCE PTE. LTD. Reg No. *****9728H (2) MARKIN REBUILDING SERVICES PTE. LTD. Reg No. *****4304Z (All In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Companies
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  • CONSUMER
    • Article, Illustration
      Lock icon The case for commercialising breast milk
      1141 20 Debate also intense if women should be paid for giving milk or if they should donate it altruistically NYT Los Angeles WHEN Gretty Amaya took an unpaid maternity leave five months ago, she started what she calls a part-time job to help pay the
      NYT; PHOTOS: NYT  -  1,141 words
    • Article
      Lock icon Irish milk output set to surge with end to EU caps
      1112 20 The country may have the most to gain from lifting of milk production quotas by European Union from April 1 WP Dublin IN the ground-floor lobby of Ireland’s Agriculture Department in Dublin, a flat-screen TV displays a digital clock
      WP  -  1,112 words
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      266 20 Technical charts are often used by traders to identify the precise price turning points, which allow them to maximise their trading profits. These turning points can be identified with or without the help of technical indicators in charts. Without technical indicators, one would base solely on the movement of price
      266 words
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      13 20 www.omy.sg 2015 AUGUST 710 PASSPORT p 0 N Ci Buzz Talk More @news.omy.sg
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      16 20 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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  • GOVERNMENT & ECONOMY
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      Lock icon Greek, German leaders to meet amid sour notes
      743 21 The ongoing negotiations have fuelled popular opposition in Germany to the new Greek government AFP Berlin THE leaders of debt-wracked Greece and economic powerhouse Germany meet in Berlin on Monday after weeks of bad feeling over Athens’ debt woes, bitter wartime memories
      AFP; PHOTO: REUTERS  -  743 words
    • Article
      Lock icon RBA seen to keep cutting interest rates to support economy
      792 21 BLOOMBERG Sydney THE Reserve Bank of Australia (RBA) is likely to keep cutting interest rates as the need to support the economy leaves policymakers willing to stoke a housing boom, according to Goldman Sachs Asset Management. With debt yielding little
      BLOOMBERG  -  792 words
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      Lock icon US-based multinationals set to face much more pain from strong greenback
      881 21 Currency’s surging value is hurting results at firms with big sales abroad; there is even talk of an earnings recession REUTERS New York THE surging value of the US dollar may be posing the biggest threat to US corporate
      REUTERS; PHOTO: BLOOMBERG  -  881 words
    • Article
      Lock icon Modi faces opposition from farmers to land reforms
      436 21 REUTERS New Delhi INDIAN Prime Minister Narendra Modi sought on Sunday to stave off farmer protests against his efforts to make it easier for businesses to buy land, after opposition to the bill overshadowed a burst of progress on economic reform. Tussles
      REUTERS  -  436 words
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      Lock icon Cracks appearing between Japanese premier, BOJ chief over fiscal target
      797 22 Kuroda feels Japan cannot afford to delay tax hikes, while Abe focuses more on boosting growth to up tax revenues REUTERS Tokyo A RIFT is emerging between Prime Minister Shinzo Abe and his handpicked central bank boss on how to
      REUTERS; PHOTO: BLOOMBERG  -  797 words
    • Article
      Lock icon RBI chief backs plan to shift central bank’s debt powers
      438 22 REUTERS New Delhi THE governor of India’s central bank, Raghuram Rajan, on Sunday cautiously backed a government plan to hand public debt management to a new agency, as the two sides played down reports of friction over the biggest regulatory
      REUTERS  -  438 words
    • Article
      Lock icon China to keep prudent monetary policy
      353 22 This is needed to support structural reforms, says central bank chief REUTERS Beijing CHINA could undermine structural reforms if it adopts an excessively loose monetary policy, central bank governor Zhou Xiaochuan said on Sunday, pledging to relax capital controls to help make the yuan
      REUTERS  -  353 words
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      43 22 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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      12 22 APRIL ISSUE IS OUTNOW– OUR MANLIEST ISSUE EVER! Findouthowtobeareal-life actionhero–fromdaredevil FelixBaumgartnerhimself. MENSHEALTH.COM.SG
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      42 22 REDEFINING IDEAS printpack+sign Singapore's printing, packaging 8k signage business exhibition ftj II 1 -V O 29-31 JULY2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.com.sg Organised By; BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf^l
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  • TRANSPORT
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      Lock icon Selling its assets may be Bombardier’s best option
      1165 23 Analysts and investors predict that it could hive off its Learjet division for as much as US$750 million, or sell a minority stake in its rail business BLOOMBERG New York A BREAKUP may be Bombardier Inc’s best option for its shares to
      BLOOMBERG; PHOTO: REUTERS  -  1,165 words
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      Lock icon Airbus raises A380 seat count to 544 passengers from 525
      439 23 REUTERS Paris AIRBUS has increased the standard number of seats in the brochure for its A380 superjumbo to 544, the company said. The increase from the previous layout of 525 seats relies on a denser cabin configuration using 11 seats
      REUTERS; PHOTO: BLOOMBERG  -  439 words
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      Lock icon Tesla to push software updates to its cars
      491 23 BLOOMBERG San Francisco CARS typically lose value over time as features become outdated. Tesla Motors Inc, the Silicon Valley carmaker, actually adds capabilities to its vehicles. How? By pushing software updates to customers of its all-electric Model S sedan, similar to how
      BLOOMBERG; PHOTO: BLOOMBERG  -  491 words
    • Article
      Lock icon Graco to pay US$10m for delay in recall of defective seats
      499 23 NYT New York GRACO Children’s Products has agreed to pay US$10 million to settle claims that it failed to promptly recall about four million child car seats with a defective buckle that could make it difficult to free a
      NYT  -  499 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1942 24 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR HAN SYMPHONY 1 60 28/3 29/3 1/4 4/4 ISTORYA 1 120 29/3 2/4
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      107 24 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 S—m THE BUSINESS TIMES Shipping times Make A Splash In The Maritime World Via s|5i3hiartime.coM Ahoy there! If you are in a business pertaining to any sector
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  • LIFE & CULTURE
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      Lock icon TAKING HEART
      668 25  -  By Kelly Tay, Mindy Tan kellytay@sph.com.sg tanmindy@sph.com.sg Talent development for non-profits To help alleviate the talent crunch that is plaguing Singapore’s non-profit organisations (NPOs), a new talent management programme has been launched for the sector. Known as Star Track, the initiative aims to help NPO leaders tackle the
      PHOTO: CENTRE FOR NON-PROFIT LEADERSHIP (CNPL)  -  668 words
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      Lock icon It’s the men’s world at Tokyo Fashion Week
      652 25 AFP Tokyo FEMININE glamour may turn the most heads at fashion weeks in New York or Paris, but in Tokyo it is the style-conscious men who set the sartorial trends. From sharp futurism to wool-and-denim casuals, the finale of Tokyo Fashion Week
      AFP; PHOTO: AFP  -  652 words
    • Article
      Lock icon North Koreans take a lesson in business with a high-tech emphasis
      1087 25 They learn concepts such as profit margins, online marketing and kickstarter campaigns WP Singapore THE scene could have been straight out of Silicon Valley. In a startup space decked out with mini trampolines and decorated with inspirational signs (“Everything
      WP  -  1,087 words
  • Page 25 Miscellaneous
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      330 25 CRYPTIC CROSSWORD Across 1 Planted one’s plant OK (12) 8 Scruffs sleep best without cover (5) 9 Dogged mongrel’s first to get docked (9) 11 Epoch or so possibly to create stars (9) 12 Angles for fish on board ship (5) 13 Place set out around clubs for performance (9)
      330 words
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  • DINING OUT
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      Lock icon Choice between style and the real thing
      1137 26  -  While one of two new Japanese eateries is a reasonably priced, rustic gem, the other leaves much to be desired.BY NEW RESTAURANTS Kanda Wadatsumi 50 Tras Street Tel: 6221 6264 Open for dinner only Mon to Sat: 6pm to 11pm. Closed on Sun.
      1,137 words
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      244 26 INTERESTING FACTS FROM THE CUSTOMER SATISFACTION INDEX OF SINGAPORE Proportion of respondents who: 1 2 In 2014, CSISG conducted face-to-face interviewswith Singaporeans, Permanent Residents, and Tourists 34,471 Had no reason to complain 91.3% Complained to the company 4.8% Did not complain because it was too difficult or felt there was
      244 words