The Business Times, 28 March 2015

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Microfilm: NL33431
Total Pages: 39
1 32 The Business Times
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      57 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 28 29 2015 DESIGN Mixed report card for S’pore designs L5 HOUSING A NEW PURPOSE Houses that are more than just places to live in L2-4 DESTINATION DINING Yarra delights L10-11 MOTORING Opel sesame L15 HOME GARDEN House of antiques L12-13 PHOTO: GESSI DINING Charming
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  • BT Living
    • DESIGN
      • Article, Illustration
        Lock icon Housing a new purpose
        2117 2 / 3  -  BT Weekend checks out a few residential properties that are more than just places to live in. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT Artwork in fantastic architecture 26 Jalan Bahasa STEP into this bungalow in the Bukit Timah area, and you
        HOTOS: AN DEVELOPMENTS, THE ARTLING; PHOTOS: GESSI; PHOTOS: WORKHOUSE; PHOTOS: WITHIN STUDIO  -  2,117 words
      • Article, Illustration
        Lock icon Mixed report card for S’pore designs
        823 5  -  Red Dot Award founder Peter Zec says for a small country, the slight improvement in S’pore’s design scene over the last 20 years is already quite an achievement. By Arthur Sim By Arthur Sim OVER the last 20-plus years, Singapore’s design scene has improved,
        PHOTOS: YEN MENG JIIN, RED DOT DESIGN AWARD  -  823 words
    • STYLE
      • Article, Illustration
        Lock icon Architect of fashion
        1142 6 / 7  -  Andre Fu’s modernist installation is the ideal backdrop for COS’ cerebral new collection. By May Yip By May Yip COS doesn’t do fashion shows. As much as most labels thrive on staging a fashion spectacle to garner headlines and viral buzz, the low-key retailer is the epitome
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      • Article
        Lock icon wine&dine
        888 6 / 7 with BTWeekend Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z6845-1111 Chinois Elegance Join us as Style Weddings presents Chinois Elegance at Marina Mandarin Singapore on Sunday 12 April. Throw the wedding of your dreams at Marina Mandarin. Choose from a selection of stunning themes, gorgeous bridal gowns and ultra-deals
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    • DINING
      • Article, Illustration
        Lock icon Charming enclave
        2079 8 / 9  -  Keong Saik Road’s unique blend of old and new Singapore is what attracts F&B establishments such as Cure, Neon Pigeon and Lollapalooza. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg TAKE a stroll along Keong Saik Road, and you’ll notice a charming mix between old and new Singapore.
        PHOTO: THE DANDY PARTNERSHIP  -  2,079 words
    • DESTINATION DINING
      • Article, Illustration
        Lock icon Yarra delights
        926 10 / 11  -  BT Weekend takes a walk off the beaten F&B path in Melbourne, and unearths some delectable secrets Down Under. By Goh Hwee Leng ~The writer was in Melbourne as a guest of Tourism Victoria and Singapore Airlines. Singapore Airlines flies to Melbourne 28 times weekly, visit www.singaporeair.com/melbourne for
        PHOTO: SARAH ANDERSON PHOTOGRAPHY  -  926 words
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        Lock icon Cutting edge cuisine by the lake
        557 10 / 11  -  By Goh Hwee Leng A SHORT drive from Melbourne will take you to the unspoiled surroundings of the Lake House an award-winning hotel in the town of Daylesford that, as the name suggests, offers a postcard setting of lush tranquil greenery and a scenic
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    • HOME & GARDEN
      • Article, Illustration
        Lock icon House of antiques
        1130 12 / 13  -  Kelvin Pow bought his 1928 shophouse in Geylang so that he could house his growing collection of Peranakan and Chinese antiques. personal space By Arthur Sim AS a child, Kelvin Pow remembers his grandfather making him clean the intricate carving on a peranakan settee in their shophouse
        PHOTOS: YEN MENG JIIN  -  1,130 words
    • MOTORING
      • Article, Illustration
        Lock icon The doors, by Mini
        625 14  -  The Mini 5-Door is the first five-door Mini hatchback. By Samuel Ee samuelee@sph.com.sg IT promises the same fun but with more space. For the first time in its history, the Mini hatchback is available with an extra two back doors. Called the Mini 5-Door, this latest
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      • Article, Illustration
        Lock icon OPEL SESAME
        586 15  -  A new engine qualifies Opel for entry into Cat A with the latest Meriva. By Samuel Ee samuelee@sph.com.sg OPEL may have taken some time to get back into COE Category A but it is doing so with what looks like a winner the Meriva. This five-door “monocab” or
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    • SPORTS
      • Article, Illustration
        Lock icon Whack, bam, kapow!
        797 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent AMONG the many things I enjoyed about my four-year stay in the United States, where I did my undergraduate studies, was the fact that I could watch professional wrestling my favourite indulgence almost any time I wanted. My friends
        PHOTOS: SYAZANA LIYANA LOPEZ, WWE  -  797 words
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  • LEE KUAN YEW I923 – 2015
    • Article, Illustration
      Lock icon Tributes from Chiam, Mahathir
      842 2  -  Chiam: Singapore ‘very lucky’ to have Mr Lee as its first PM; Dr M: Mr Lee’s passing end of an era By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TWO men who had crossed swords numerous times with Lee Kuan Yew paid their last respects to Singapore’s first
      PHOTO: DESMOND LIM/THE STRAITS TIMES  -  842 words
    • MARKETS
      • Article
        Lock icon STOCKS
        60 2 GSTI 3,450.10 (+18.51) GSTI FUTURES 3,450.00 (+18.00) GSIMSCI 387.39 (+2.02) GSIMSCI FUTURES 386.10 (+0.20) STOCKS Friday Change KL COMP 1,813.37 -5.05 NIKKEI 225 19,285.63 -185.49 HANG SENG 24,486.20 -10.88 SET 1,495.22 -1.19 JAKARTA 5,396.85 +28.05 MANILA 7,877.96 +6.86 KOSPI 2,019.80 -2.76 SHENZHEN B 1,149.59 +5.87 MUMBAI IND 27,458.64 +1.06
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.633 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.85 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.371 (US$/S$ per 1.481 2.031 EURO (US$/S$/€ 1.082 1.484 Foreign currency per US$ S$ YEN 119.40 87.10 RM 3.679 2.682 HK$ 7.754 5.654 BAHT 32.60 23.77 RUPIAH 13,070 9,531 RENMINBI 6.213 4.531 INDIAN RUPEE 62.61 45.66 A$ 1.283 0.936 NZ$ 1.323 0.965
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    • Article
      Lock icon By gum, the West is wrong about Singapore
      961 3  -  BTBLOGS| By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Freedom is just another word for nothing left to lose –Me Bobby McGee, Janis Joplin IT must be nice to be Western and superior. It must be nice to judge from afar a grieving and poorly
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    • Article, Illustration
      Lock icon Mr Lee’s final journey
      151 3 The state funeral procession begins at 12.30pm on Sunday, travelling 15.4km from Parliament House to the University Cultural Centre. The funeral service takes place from 2pm to 5.15pm. BT Graphics University Cultural Centre The UCC sits on the campus of the National University of Singapore, the
      BT Graphics  -  151 words
    • Article, Illustration
      Lock icon Remembering our founding father
      293 4 / 5  -  By Arthur Lee arthurl@sph.com.sg Singapore IT was the largest outpouring of emotions this nation has ever seen. They queued patiently in the scorching sun, right through the darkness of night. Many waited for up to eight hours to pay their respects. Just as many shed tears,
      Photos by Yen Meng Jiin  -  293 words
    • Article
      Lock icon Personal reflections on a nation builder like no other
      891 6  -  By Tarun Kataria ~The writer is a private equity investor and an independent director AS my wife and I stood in line outside Parliament House waiting to pay our last respects to Lee Kuan Yew, I recognised clearly why we were
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      Lock icon Singapore festival opens in Paris, marking 50 years of diplomatic ties
      456 6  -  Theatre piece by Ong Keng Sen staged, art show declared open after a minute’s silence was observed for Lee Kuan Yew By Cheah Ui-Hoon uihoon@sph.com.sg LEE Kuan Yew’s vision of establishing Singapore on the world stage was underscored in
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      53 2 CONTENTS LIVING Dining L2-5 Style L6-7 Dining L8-9 Destination Dining L10-11 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 18 Energy Commodities 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24 Opinion 26-27 Wealth 28-30 Life Culture 31 House Garden L12-13 Motoring
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  • TOP STORIES
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      Lock icon BOJ’s inflation target remains elusive with flat February data
      677 7  -  Financial markets expect further monetary easing to stimulate spending and price rises By Anthony Rowley btworld@sph.com.sg Tokyo BANK of Japan governor Haruhiko Kuroda’s 2 per cent annual inflation target for the Japanese economy appeared to be far off on Friday when
      PHOTO: BLOOMBERG  -  677 words
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      127 7 TURNING PASSION INTO OPPORTUNITY As a franchise owner you will enjoy Simple, effective systems for educating, marketing, sales and operations Extensive, proprietary curriculum, customised to the educational requirements of each student A time tested business model proven to attract and retain students A low overhead model with tremendous growth potential
      127 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The history driven consultant
      2273 8 / 9  -  In addition to an old staff memo which helped to revive and strengthen the firm’s culture, AT Kearney chairman Johan Aurik has adopted several principles in his efforts to future-proof his organisation. By Chan Yi Wen By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT MORE than 50 years
      PHOTO: YEN MENG JIIN  -  2,273 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Banks, Singtel help STI gain 1.1% for the week
      748 10  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent INVESTORS have expressed concern in the past that the death of Singapore’s founding prime minister Lee Kuan Yew might have an adverse impact on the local stock market. They needn’t have worried. Over the
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      Lock icon Cosco lands contract for 7 container vessels
      247 10  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore COSCO (Zhoushan) Shipyard, a subsidiary of Cosco Corporation (Singapore)’s 51 per cent owned subsidiary Cosco Shipyard Group, has won a contract from Maersk Line to build seven 3,600 twenty-foot equivalent (TEU) container vessels. “The container vessels are
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    • Article
      Lock icon Coutts International to be sold to UBP
      469 10  -  By Jamie Lee leejamie@sph.com.sg @JamieleeBT Singapore ROYAL Bank of Scotland (RBS) Group has finally found a fit in Swiss bank Union Bancaire Privee (UBP) for its international wealth management business, it announced on Friday. Both RBS and UBP did not disclose the sale
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    • Article
      Lock icon KepCorp disputes higher conglomerate discount by analysts
      508 11  -  It cites strong performance in current climate By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore RIGBUILDER Keppel Corp has refuted analysts who applied a steeper conglomerate discount to the company after it moved to take its listed property arm private. The group also said it
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    • Article
      Lock icon Sino Construction halts trading
      259 11 Singapore TRADING in shares of Sino Construction was halted on Friday at the request of the company. The morning call for the immediate halt was made “pending the release of an announcement”. The stock last traded at S$0.029 on March 26, a far cry from the
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    • Article
      Lock icon STI STOCKS
      317 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 256 +1 256/254 263 219 5.6 6472.6 CapitaLand 360 -2 362/358 371 279 13.2 2.5 *****.6 CapitaMall Trust 216 -2 219/215 226 188.5 5 7493.1 CityDev 1018 cd +14 1018/1007 1118 915
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      Lock icon SGX ETFs Most Active
      112 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US757 -11 293 770/757 1000/605 757/762 94.6 STI ETF 345 +1 70 345/342 349/318 344/345 IS ASIA HYG US$ US1062 +11 63 1062/1062 1119/1013 1054/1062 UETF SSE50China 253 +1 55 255/253 260/140
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      Lock icon SIBOR
      31 12 Mar 27 (S$) 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters
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      Lock icon BT SHARE INFORMATION SERVICE
      800 12 For week beginning Mar 23 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G.K. Goh Hldgs 26-Mar-15 Goh Yew Lin *Buy 52 0.95 *****5 58.82 *****7 58.84 G.K. Goh Hldgs
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 5 0 0 0 3 6 5 Manufacturing 60 25 37 9 10 9 69 35 46 Commerce 25 7 21 5 2 3 30 9 24 Tpt/Stor/Comms 17 11 10
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      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,653 24,653 80,978 80,978 Manufacturing 196,631 61,862 258,493 95,495 3,495 98,991 Commerce 73,682 88,746 162,428 68,248 2,619 70,867 Tpt/Stor/Comms 92,350 235 92,585 163,336 20 163,355 Finance 25,046 250 25,296 221,011 60 221,071 Construction 30,172 42,650
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      Lock icon OTHER SINGAPORE INDICES
      77 12 Mar 27 VALUE CLOSE BT OB/OS 25.00 +91.00 BT CADI -*****.00 +113.00 BT 10-day MA -*****.00 +3.00 FTSE ST Mid Cap 783.36 +1.39 FTSE ST Small Cap 486.19 +2.28 FTSE ST All Share 826.25 +3.93 FTSE ST China Top 195.23 +1.44 FTSE ST China 234.78 +1.71 FTSE
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      Lock icon UNUSUAL ACTIVITY
      65 12 VOL CLOSE($) CHANGE ChinaSing Inv^ 0.010 Charisma Energy 40,201.1 0.020 -0.003 -13.04 Fuji Offset 0.550 Mirach Energy 57,927.9 0.059 Kitchen Culture 0.290 China Oilfield^ 0.005 Vallianz 36,870.4 0.051 -0.003 -5.56 Blumont 14,087.7 0.011 -0.001 -8.33 HuanHsin^ 2,173.3 0.119 +0.019 +19.00 China Haida 0.015 Shows the stocks with the
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      Lock icon COMMODITY FUTURES
      193 13 Mar-26 Price Net change change Last Trade Agricultural Mar-26 CBOT Soybeans (US cents/bu) 974.50 -4.25 -0.43% 14/05/2015 CBOT Soybean Oil (US cents/lb) 31.17 0.13 0.42% 14/05/2015 CBOT Wheat (US cents/bu) 499.25 -19.75 -3.81% 14/05/2014 Mar-26 LIFFE Cocoa (£/tonne) 1940.00 -11.00 -0.56% 13/05/2015 LIFFE Coffee (US$/tonne) 1791.00 0.00 0.00%
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    • Article
      Lock icon PALM OIL
      57 13 Mar 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 15 2184.0 2151.0 2184.0 2160.0 49 1064 May 15 2190.0 2175.0 2190.0 2155.0 2041 ***** Jun 15 2183.0 2169.0 2183.0 2148.0 ***** ***** Jul 15 2171.0 2160.0
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      Lock icon GOVERNMENT SECURITIES
      67 13 Mar 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.2 5-Year N*****0H 1.625 01-Oct-19 99.35 99.50 99.38 10-Year NY*****H 3.000 01-Sep-24 106.51 106.72 106.50 15-Year NY*****E 2.875 01-Jul-29 104.66 104.90 104.70 20-Year NZ*****V 3.375 01-Sep-33 109.54 109.65 109.40
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      Lock icon INTERBANK CURRENCY RATES
      155 13 Mar 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0686 1.0689 0.7793 0.7794 Canadian dollar 1.0956 1.0961 0.7992 0.7990 Euro 1.4839 1.4845 1.0822 1.0825 NZ dollar 1.0361 1.0366 0.7556 0.7559 Sterling pound 2.0310 2.0315 1.4812 1.4813
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      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      203 13 Most active Mar 27 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left UOB MB eCW*****1 13.3 1.2 7507 0.1 2380 4 KepCorp MB eCW*****1 9.6 -0.8 5581 0.2 930 6 DBS MB eCW*****5 17.4 -0.3 3312 0.1 2050 6
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      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Mar 26 Index Change Change Change Change Change Change World Preliminary 1328.9 -0.5 4.2 -0.6 5.4 -0.6 2.1 EAFE Preliminary 1090.3 -1.0 10.5 -1.3 9.0 -1.3 5.6 Europe Preliminary 1532.4 -0.9 10.9
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      Lock icon STOCK MARKETS
      2 13
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    • Article, Illustration
      Lock icon Noble up after MPA dismisses some claims by Iceberg
      231 14  -  hot stock By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARES in Noble Group got a small boost on Friday after the Maritime and Port Authority (MPA) refuted some claims made by obscure research outfit Iceberg Research against the commodities trader. Noble, which
      Source: Bloomberg  -  231 words
    • Article
      Lock icon Low Keng Huat Q4 profit soars
      384 14  -  Completed projects contribute to sharp spike, offsetting other losses By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore LOW Keng Huat (Singapore) recognised two completed projects to give its fourth-quarter net profit a sharp spike despite declines in every other business segment, the builder and developer announced
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    • Article
      Lock icon Chip Eng Seng sells Melbourne site for A$64.8m
      131 14 Singapore CHIP Eng Seng Corp has sold a vacant development site in Melbourne for A$64.8 million (S$69.3 million) plus goods-and-services tax (GST), the construction and property group announced on Friday evening. The sale of the 2,927 sq m site near the edge
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    • Article
      Lock icon BlackRock disposes entire 2.4% stake in KepLand
      262 14  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FUND manager BlackRock has disclosed that it had on Thursday this week sold 37.3 million Keppel Land shares at S$4.38 each, and another 19,000 shares at S$4.54 each. With this, it has disposed its entire 2.4 per
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      1461 11 CHINA KANGDA FOOD COMPANY LIMITED (Incorporated in Bermuda with limited liability) (Hong Kong Stock Code: 834) (Singapore Stock Code: P74) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA KANGDA FOOD COMPANY LIMITED (the “Company”) will be held at RELC International Hotel, Tanglin
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      515 14 THE BUSINESS TIMES NOTICES UNIVERSAL RESOURCE AND SERVICES LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****2303R) NOTICE OF EXTRAORDINARY GENERAL MEETING Pursuant to requisition notices received on 4 and 25 March 2015 from Mr Zhang He and in accordance with Section 176 of the Companies Act, NOTICE
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  • REAL ESTATE
    • Article, Illustration
      Lock icon US investors rushing into European property
      729 15 The US$ rise, struggling economies make continental property cheap Bloomberg London US investors are buying European commercial property at a record pace as the dollar’s eight-month rally and struggling economies on the continent make offices, shops and warehouses cheap. US spending on European commercial
      Bloomberg; PHOTO: BLOOMBERG  -  729 words
    • Article
      Lock icon New UK, Australian properties beckon Singapore investors
      785 15  -  By Prisca Ang prisang@sph.com.sg Singapore DEVELOPERS and marketeers continue to whet Singapore investors’ appetite for overseas properties especially in the UK and Australia going by the string of projects being promoted here recently. This is despite the impending changes that may impact real
      785 words
    • Article
      Lock icon Househunt
      1039 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 11 AND FEB 17, 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 Bay Residences Apt 13/02/2015 99 2368 7459 3150 Marina Bay Residences Apt 13/02/2015
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      2761 17 HL GLOBAL ENTERPRISES LIMITED Company Registration No. *****0131 N (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifty-Second Annual General Meeting (the “Meeting”) of HL GLOBAL ENTERPRISES LIMITED (the “Company”) will be held at Grand Copthorne Waterfront Hotel, Canary Room, Level
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  • BANKING & FINANCE
    • Article
      Lock icon JPMorgan retains top spot in investment banking but revenues slip
      234 18 Reuters London THE US bank JPMorgan retained its crown as the top performing investment bank in 2014, although its revenues fell 6 per cent, new data showed on Friday. JPMorgan reaped US$22 billion from investment banking in 2014, compared with
      Reuters  -  234 words
    • Article
      Lock icon Bad debts drive China banks to cut dividend payouts
      706 18 Three of its four biggest banks have cut payment ratios Bloomberg Beijing CHINA’S biggest banks are accelerating cuts to their dividend payouts as bad debts pile up from struggling exporters in the Pearl River Delta, coal companies in the nation’s west
      Bloomberg  -  706 words
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      879 18 骏 JUNMA TYRE CORD COMPANY LIMITED (Incorporated in the People’s Republic of China) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Junma Tyre Cord Company Limited (the “Company”) will be held on 13 May 2015 at 11.00 a.m. (“EGM”) (or
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      1824 19 JUNMA TYRE CORD COMPANY LIMITED (Incorporated in the People’s Republic of China) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Room MR 309 Level 3, Suntec Singapore International Convention Exhibition Centre, 1 Raffles Boulevard Suntec City Singapore
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Posco backs out of US$12b India project
      596 20 Steel complex venture stalled by local disputes, lease issues Bloomberg Delhi POSCO is backing away from a planned US$12 billion steel complex in India, which has been stalled by local disputes and lease issues since it was proposed a decade ago, people familiar
      Bloomberg; PHOTO: BLOOMBERG  -  596 words
    • Article, Illustration
      Lock icon Petrobras to shut refinery on Okinawa island: Nikkei
      309 20 Reuters Tokyo BRAZIL’S state oil company Petrobras is exiting Japan due to shrinking oil demand, shutting down its refinery in Okinawa as early as this year and building an import terminal it will sell to another refiner, the Nikkei business daily reported
      Reuters; PHOTO: REUTERS  -  309 words
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      105 20 The Business Times NOTICES THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 01 April 2015 Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS Total Amount Applied Coupon Rate Cut-off Yield Price Median Yield Price Average
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  • TECHNOLOGY
    • Article
      Lock icon Facebook’s Internet drone plan gets boost
      511 21 Successful test of drone prototype considered a milestone in project to bring online access to people in remote areas AFP San Francisco FACEBOOK co-founder Mark Zuckerberg on Thursday proclaimed the successful test of a solar-powered drone built to deliver wireless Internet service to remote
      AFP  -  511 words
    • Article, Illustration
      Lock icon Google to pay new CFO more than US$70m
      456 21 Bloomberg San Francisco GOOGLE Inc agreed to pay new chief financial officer Ruth Porat more than US$70 million after she takes the post in May, putting her among the highest-paid CFOs in the industry. Ms Porat, who held the same role at
      Bloomberg; PHOTO: REUTERS  -  456 words
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      1123 21 The Business Times NOTICES CHINA KANGDA FOOD COMPANY LIMITED (Incorporated in Bermuda with limited liability) (Hong Kong Stock Code: 834) (Singapore Stock Code: P74) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a special general meeting (the “SGM”) of China Kangda Food Company Limited (the “Company”) will be
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  • CONSUMER
    • Article
      Lock icon Chinese tourists can’t get enough of Japan
      523 22 Shopping sprees, travel plans unaffected by chilly diplomatic ties Bloomberg Beijing THERE’S no lack of ill will in China towards Japan. The chilly diplomatic relationship between Beijing and Tokyo is matched by occasional expressions of antagonism by the Chinese public. In September, the
      Bloomberg  -  523 words
    • Article, Illustration
      Lock icon Rolex offshoot Tudor wakes up to challenge mid-priced rivals
      497 22 Bloomberg Zurich ROLEX’S younger sibling is coming of age. Tudor, a sportier brand that Rolex founder Hans Wilsdorf trademarked in 1926, plans to enter Japan after returning to the UK and the US in the past two years, Philippe Peverelli, who
      Bloomberg; PHOTO: BLOOMBERG  -  497 words
    • Article
      Lock icon 3G to streamline operations after Kraft, Heinz merger
      454 22 Reuters New York WHEN Kraft Foods Group merges with HJ Heinz Co, they will share a name, a central place in the American kitchen and two headquarters near Chicago and Pittsburgh. But that dual office structure may soon change, according to some
      Reuters  -  454 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Germanwings co-pilot suffered serious depression
      1093 23 He was still receiving ‘regular, individualised medical’ treatment, reports Bild daily AFP Marignane, France THE Germanwings co-pilot who flew his Airbus into a French mountainside, killing all 150 aboard, suffered serious depression, a German newspaper reported, raising new questions over how he was cleared to
      AFP; REUTERS FILE PHOTO  -  1,093 words
    • Article
      Lock icon German court dismisses hedge funds’ suit against Porsche
      269 23 Reuters Stuttgart A GERMAN court has dismissed claims brought against investment company Porsche SE by hedge funds seeking 1.2 billion euros (S$1.8 billion) in damages over its botched attempt to take over carmaker Volkswagen in 2008. Two dozen hedge funds, including Viking
      Reuters  -  269 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon German allies fed up as Tsipras fails to convince
      657 24 Bloomberg Athens EVEN Greek Prime Minister Alexis Tsipras’s allies in Germany are increasingly exasperated with his government after his visit to Berlin fuelled scepticism that he can do what’s needed to end the impasse over Greece’s finances. While the atmosphere was
      Bloomberg  -  657 words
    • Article
      Lock icon Economy expands at 2.2% pace in 4th quarter
      781 24 For all of 2014, growth was 2.4% from the year before, the most since 2010 LATEST US DATA Bloomberg Washington THE US economy expanded at 2.2 per cent annualised pace in the fourth quarter, led by the biggest gain in consumer spending
      Bloomberg  -  781 words
    • Article
      Lock icon China plans IPO authority changes: report
      219 24 Reuters Shanghai CHINA’S securities regulator plans to devolve some of its authority over approving initial public offerings to the Shanghai and Shenzhen stock exchanges around May, state media reported another step towards a US-style IPO “registration” system. The Securities Times, a paper published by
      Reuters  -  219 words
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      130 25 CARVE OUT YOUR CAREER VISIT THE STJOBS EXPRESS FAIR 2015 NOW Sat Sun, 28 29 March 2015* 10am to 7pm (Sat) 10am to 6pm (Sun) Suntec Convention Centre, Halls 405 406 (Level 4) Nearest MRT Station: Esplanade (Public transport is recommended in view of road closures and traffic diversions.) FREE
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  • OPINION
    • Article, Illustration
      Lock icon It’s time for businesses to build a ‘we economy’
      1338 26 / 27  -  The widespread use of digital devices paves the way for businesses to jointly offer connected suites of services people want. By Jon Allaway and Nick Taylor By Jon Allaway, Nick Taylor ~Jon Allaway is Accenture's global group technology officer for financial
      PHOTO: REUTERS  -  1,338 words
    • Article
      Lock icon Customers change banks on the quiet, spurred by digital trend
      784 26 / 27  -  By Maureen Burns, Harshveer Singh ~Maureen Burns is a partner in Boston, and Harshveer Singh, a partner in Singapore, with Bain Company's Financial Services practice. Follow @BainInsights on Twitter BANKS, your customers are quietly leaving you. When Bain Company surveyed
      784 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Bourse link investors favour made-in-China stocks
        909 28 / 29 Chinese equity investors tending to focus on inward instead of outward investment. By Kana Nishizawa Bloomberg Hong Kong FOUR months after Chinese equity investors got unprecedented leeway to send their money outside mainland markets, the only thing they seem interested in buying is more
        Bloomberg; PHOTO: REUTERS  -  909 words
      • Article, Illustration
        Lock icon AllianceBernstein to launch fund of funds with daily liquidity
        530 28 / 29  -  By Genevieve Chua gen@sph.com.sg Singapore US-based AllianceBernstein is looking into launching its liquid alternatives strategy here later this year. This is a hedge fund of funds with daily liquidity, says AllianceBernstein chief executive and head of Asia-Pacif-ic ex-Japan client group Ajai
        PHOTO: YEN MENG JIIN  -  530 words
      • BROKERS' TAKE
        • Article
          Lock icon Swiber Holdings
          169 28 / 29 Hold Maybank Kim Eng Research, March 27 Close: S$0.174 Target price: S$0.17 Swiber announced US$406 million of new orders. Its orderbook has reached US$1.8 billion, a record high. According to Upstream, the other bids for the US$333 million contract were between US$563 million and US$633 million, much higher
          169 words
        • Article
          Lock icon First Reit
          224 28 / 29  -  Compiled by Cai Haoxiang Buy OCBC Investment Research, March 27 Close: S$1.375 Target price: S$1.50 We visited two of First Reit’s properties in Indonesia this week Siloam Hospitals Makassar (SHMK) and Siloam Hospitals Manado Hotel Aryaduta Manado (MD Property). The hospitals are operated by Siloam International Hospitals and
          224 words
      • Article, Illustration
        Lock icon Bears piling back into VIX note
        972 30 These days, it’s trading more than Microsoft and Facebook shares Bloomberg New York SPECULATORS are again piling into an exchange-traded note (ETN) that lets them bet on how long days of calm will last in the US stock market. The trade, using a six-year-old
        Bloomberg; PHOTOS: BLOOMBERG  -  972 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Apple chief to give away his wealth: report
      380 31 Fortune cites Tim Cook as saying he plans to donate his estimated US$785m fortune to charity Reuters San Francisco APPLE Inc chief executive Tim Cook is joining the roster of the very rich who are giving away their wealth. Fortune magazine cited
      Reuters; PHOTO: AFP  -  380 words
    • Article
      Lock icon Britain to release Prince Charles’ ‘black spider memos’
      222 31 AFP London BRITAIN’S top court on Thursday ruled that secret letters from Prince Charles to government ministries should be published, in a potential setback for the monarchy seen as a victory for media freedom. “The Supreme Court dismisses the attorney general’s appeal,”
      AFP  -  222 words
    • Article
      Lock icon Cycle Asia Singapore event cancelled
      237 31  -  By Prisca Ang prisang@sph.com.sg Singapore CYCLE Asia Singapore, originally scheduled to be held from April 10-12, has been cancelled this year as organisers Spectrum Worldwide (SWW) is unable to secure a new title sponsor in time for the event. In a message on the event
      237 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      338 31 CRYPTIC CROSSWORD Across 1 Drink, and gather one’s entry may be barred by this (10) 6 Cornish sailor’s mop? (4) 9 Head honcho more worried by son getting out of bed (7) 10 Blocks put on spy’s cover and methods (7) 12 Person who anticipates exciting flutter on reel? (7-6)
      338 words
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      45 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN PINK GOLD. SINGAPORE AUDEMARS PIGUET BOUTIQUE FORUM THE SHOPPING MALL 583 ORCHARD ROAD, #01-05/06 TEL (65) 6836 4918 AL ROY THE SHOPPES AT MARINA BAY SANDS CANAL LEVEL B2-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
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