The Business Times, 24 February 2016

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Microfilm: NL33778
Total Pages: 42
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Wednesday, February 24, 2016
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  • Article
    Lock icon DAILY DIGEST
    150 1 Neptune Orient Lines posts a net loss of US$75.45 million for the fourth quarter, down a tad from US$85.07 million a year earlier. TOP STORIES 2 Much is expected of the Shanghai meeting of Group of Twenty finance ministers and central bank governors. TOP STORIES 6 Sheng Siong
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  • Article, Illustration
    Lock icon Jakarta sees no reason to join underperforming Asean stock trading platform
    683 1  -  Indonesia regulator cites anaemic volumes, jurisdictional concerns and lack of post-trade linkage B y Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore TRADING volume on the much-trum-peted Asean Trading Link that allows for cross-border trading on the bourses of Singapore, Malaysia and
    PHOTO: OJK  -  683 words
  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,672.07 +11.42 KL Comp 1,677.82 +2.69 Nikkei 225 16,052.05 -59.00 Hang Seng 19,414.78 -49.31 Shenzhen B 1,170.83 -8.60 Dow(10.45 EST) 16,506.94 -113.72v
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  • Article, Illustration
    Lock icon A tweak to the inflation forecast, a debate over MAS’s Sing dollar policy
    931 1  -  Headline inflation for 2016 now expected to be between -1 and 0 per cent; core inflation forecast unchanged at 0.5 to 1.5 per cent By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE Monetary Authority of Singapore (MAS) on
    Source: Department of Statistics  -  931 words
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      88 1 8"*****1 *****4" THE HEAT IS ON Trump vs Hillary OPINION 13 RESULTS IN RED INK Noble warns of Q4 loss from US$1.2b of impairments TOP STORIES 2 WHO’S WHO IN PRIVATE BANKING 2016 Despite torrid financial markets which slashed billions off the net worth of Asia’s wealthy, private banks continue
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      13 1 NEW FINTECH TEMPLATES Tech millionaires keep China’s wealth machine humming EXEC MONEY 26
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  • TOP STORIES
    • Article, Illustration
      Lock icon Noble warns of Q4 loss from US$1.2 billion of impairments
      706 2  -  Write-downs will push 2015 results into the red and NTA from S$1 to over S$0.70 share By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AHEAD of its results announcement on Thursday, commodity trader Noble Group announced US$1.2 billion worth of impairments and
      PHOTO: BLOOMBERG  -  706 words
    • Article, Illustration
      Lock icon NOL’s Q4 loss narrows to US$75m
      651 2  -  For the full year, the carrier returns to the black with a net profit of US$707m on the sale of its logistics unit By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore NEPTUNE Orient Lines has posted a net attributable loss of US$75.45 million for the
      FILE PHOTO  -  651 words
    • Article, Illustration
      Lock icon No evidence of petrol price fixing, S’pore competition watchdog finds
      628 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore WHILE crude oil price fell by an average 59 cents per litre in the past two years, consumers paid 45 cents less for 95-octane fuel, according to interim findings of the Competition Commission
      PHOTO: BLOOMBERG  -  628 words
    • Article, Illustration
      Lock icon BHP Billiton cuts dividend, posts US$5.67b interim loss
      661 2 REUTERS Sydney TOP global miner BHP Billiton slashed its interim dividend by 75 per cent on Tuesday, abandoning a long-held policy of steady or higher payouts as it braces for a longer-than-expected commodities downturn. The end to BHP’s so-called progressive dividend policy
      REUTERS; PHOTO: BLOOMBERG  -  661 words
    • Article, Illustration
      Lock icon Aspiring entrants to mobile market will need deep pockets
      1213 4  -  It will need funds to pay for spectrum, survive a possible bid war and compete aggressively on price in its first two years COMMENTARY By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IF there were ever any doubts about the government’s intention
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    • Article, Illustration
      Lock icon Emotion, spin clouding UK-EU economic facts
      880 4  -  in event of a split, after initial uncertainty, both sides will come to the best possible trade and investment deals BREXIT By Neil Behrmann btworld@sph.com.sg London REGARDLESS of whether the UK remains or leaves the European Union, both parties will seek mutually beneficial trade
      PHOTO: BLOOMBERG  -  880 words
    • Article
      Lock icon UK referendum raises Europe-wide currency-market risks
      431 4 BLOOMBERG London BRITAIN’S referendum on its membership in the European Union is not just a threat to the pound. It is raising currency-market risks across the continent. While the pound led declines among major currencies on Monday with its biggest slide since 2010, the
      BLOOMBERG  -  431 words
    • Article, Illustration
      Lock icon Markets look to G20 meeting for solutions
      672 6  -  Meeting will aim to build certainty in governance and global economic policy: IIF official By Anthony Rowley btworld@sph.com.sg Tokyo GREAT expectations hang in the air during this week’s two-day meeting of the Group of Twenty (G20) finance ministers and central bank governors in
      PHOTO: AFP  -  672 words
    • Article
      Lock icon Parcel delivery firm Yamato eyes Asean market with GDex stake
      619 6  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur LINE-HAUL collaboration between Malaysia and Singapore, and joint collaboration opportunities in Asean are but some of the areas that Japan’s largest parcel delivery company Yamato Group plans to exploit following its acquisition last week
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      123 4 w r A ft a EUROPEAN ANI ASIAN BUFFET TRY THE TEMPTING SELECTION OF APPETISERS, SALADS AND SOUPS FROM THE DELECTABLE BUFFET LUNCH OR DINNER THAT OFFERS A VARIETY OF EUROPEAN AND ASIAN FARE. LUNCH Monday to Thursday* $53 per person $26 per child (6 to 12 years old) Friday
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  • Page 6 Advertisements
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      607 6 SALON GOURMET In partnership with HSBC <Z> EUROPEAN SIGNATURES 4 a Fleur de Sel f V Vt < > From 1 to 31 March 2016, enjoy a gastronomic celebration of the finest European cuisine as the second edition of Salon Gourmet presents Michelinrated International Guest Chef promotion and exclusive gourmet
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  • COMPANIES & MARKETS
    • Article
      Lock icon Sheng Siong Q4 earnings up on better revenue, margins
      316 7  -  Group expects competition to remain keen By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BOOSTED by higher revenue and improved gross margins, supermarket group Sheng Siong reported a near 24 per cent year-on-year jump in net profit to S$ 14.61 million for the
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    • Article
      Lock icon SICC to give awards for collaborations between large companies and SMEs
      323 7 Singapore THE Singapore International Chamber of Commerce (SICC) will be giving two awards later this week for collaborations between large companies and small and medium enterprises (SMEs). The chamber’s inaugural “Innovations in Productivity” awards, to be given out on
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    • Article
      Lock icon Concerns over SingPost still linger for fund managers
      512 8  -  10 major fund managers understood to have got in touch with board and management to discuss issues By melissat@sph.com.sg Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARES of Singapore Post have recovered somewhat since the selldown last month but unanswered questions surrounding its corporate
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    • Article
      Lock icon Asian Pay Television Trust Q4 profit flat at S$16.3m
      445 8  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PAY-TV business trust Asian Pay Television Trust (APTT) has declared a distribution of 2.25 Singapore cents for the fourth quarter ended Dec 31, 2015 in line with management guidance and forecasts. The mainboard-listed trust, which
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    • Article
      Lock icon Centurion stays upbeat on demand; profit down on lack of one-off gains
      778 8  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore CENTURION Corp remains confident of the demand for purpose-built worker accommodation both in Singapore and Malaysia despite a softening economy and, in the case of Malaysia, unclear government policies on foreign labour.
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    • CORPORATE DIGEST
      • Article
        Lock icon OUE Limited
        112 8 PROPERTY group OUE has inked a deal to raise its stake in OUE Commercial Reit to 64.98 per cent, it said in a Singapore Exchange filing on Tuesday. Its wholly owned unit Clifford Development has agreed to pay S$165.97 million in cash to buy about 203.15 million units
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      • Article
        Lock icon Temasek Holdings
        61 8 TEMASEK Holdings (Private) said it intends to launch a dual tranche offering comprising a benchmark six-year T2022-EUR Temasek Bond and a 12-year T2028-EUR Temasek Bond through its subsidiary, Temasek Financial (I) (TFin-I). The euro bonds, to be issued by TFin-I under its US$15 billion Guaranteed Global Medium Term
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      • Article
        Lock icon Bumitama Agri
        42 8 palm oil producer Bumitama Agri reported a net profit of 292.3 billion rupiah (S$30.5 million) for its fourth quarter ended Dec 31, 2015, up 9.7 per cent from a year ago. Revenue fell 7.8 per cent to 1.45 trillion rupiah.
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      • Article
        Lock icon Lippo Malls
        35 8 LIPPO Malls Indonesia Retail Trust is raising its fourth-quarter distribution by 14.1 per cent to 0.81 Singapore cent per unit as net property income increased by 22.3 per cent to S$40.2 million. OKP
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      • Article
        Lock icon OKP Holdings
        34 8 ROADBUILDER OKP Holdings’ net profit jumped 127.8 per cent to S$1.9 million in the fourth quarter. For the full year ended December, OKP’s net profit rose 175.7 per cent to S$7 million.
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    • Article
      Lock icon Chance for SingPost board to further cement confidence
      834 8  -  HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT NOW that Singapore Post shares have recovered from their sell-down in January, what the group does next with its special audit findings could be a good opportunity to further restore confidence and cement its
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    • Article
      Lock icon Super Group’s Q4 profit falls 39%
      468 8  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore EARNINGS for Super Group tumbled 39 per cent in the fourth quarter, mainly due to higher tax expenses and the absence of other income. The firm’s net profit fell to S$15.7 million for the quarter ended Dec 31,
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    • Article
      Lock icon Keppel stresses zero tolerance towards illegal acts
      768 9  -  Brazilian police looking into possible bribes paid in contracts signed by Petrobras and Sete Brasil with Keppel Fels By Angela Tan angelat@sph.com.sg Singapore KEPPEL Corp reiterated on Tuesday its zero tolerance towards any form of illegal activity after Brazil’s two-year long corruption probe
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    • Article
      Lock icon Teho unit terminates JV agreement with Sok Bun
      263 9 Singapore TEHO International said its unit, Teho Development (Cambodia), has entered into a termination agreement with joint-venture partner Sok Bun, a real estate magnate in Cambodia. Under this termination agreement, Mr Bun has agreed to transfer 510 ordinary shares representing a 51
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    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index Feb 23,2016 2,672.07 +11.42 (+0.43%) Current streak 2 days Day high 2,684.79 Day low 2,665.06 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Feb 23,2016 439.34 -1.46 (-0.33%) Current streak 1 day Day high 443.53 Day low
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    • Article, Illustration
      Lock icon Banks largest contributors to STI’s rise
      648 10  -  Index up 11.42 points to reach 2,672.07, in tandem with other markets, most notably Dow futures, HK and China STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday moved in tandem with rises and falls in various other markets, most notably
      Source: Bloomberg  -  648 words
    • Article
      Lock icon STI STOCKS
      310 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 +2 241/239 271 209 6.1 6330.4 CapitaLand 292 -1 295/290 379 267 11.7 3.1 *****.8 CapitaMall Trust 211 -1 214/209 228 184.5 5.3 7334.5 CityDev 723 +7 728/719 1095 661 8.7
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME WE 143,411,500 Noble 127,802,500 Spackman 57,070,900 Ezra 50,503,700 Alliance Mineral 47,653,400 Market volume 1,520,218,000 VALUE DBS Grp 246,878,049 Global Logistic 78,283,464 JMH USD 72,215,018 OCBC Bank 64,466,624 Singtel 58,764,849 Market value 1,297,865,000
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    • Article
      Lock icon SGX ETFS
      109 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 269 +1 274 270/268 355/254 268/269 DBXT MSRussia US$ US162 +2 129 162/160 235/129 161/162 DBXT MSBrazil US$ US229 +11 84 231/229 399/190 228/229 DBXT MSINDO us$ US1202 -27 48 1224/1199 1492/911 1200/1205 Lyxor
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Feb 23 VALUE CLOSE BT OB/OS 76.00 -100.00 BT CADI -*****.00 +35.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 656.22 +1.63 FTSE ST Small Cap 380.13 -148.49 FTSE ST All Share 662.01 -11.66 FTSE ST China Top 156.08 +1.03 FTSE ST China 187.10 +1.19 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index Feb 23,2016 662.01 -11.66 (-1.73%) Current streak 1 day Day high 678.30 Day low 660.77 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index Feb 22,2016 1,573.09 +16.06 (+1.03%) Current streak 1 day Day high 1,576.20 Day low 1,556.12 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 4 0 1 0 7 4 4 Manufacturing 37 38 22 5 9 8 42 47 30 Commerce 16 19 11 2 5 5 18 24 16 Tpt/Stor/Comms 20 9 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,618 3,037 22,655 66,717 703 67,420 Manufacturing 144,259 44,320 188,579 109,706 4,681 114,387 Commerce 178,062 170,738 348,800 183,333 1,838 185,171 Tpt/Stor/Comms 141,493 3,421 144,914 157,803 292 158,095 Finance 59,240 27 59,267 373,385 4 373,389 Construction
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    • Article
      Lock icon UNUSUAL ACTIVITY
      87 10 VOL CLOSE($) CHANGE HL Global Ent^ 112.2 0.140 +0.065 +86.67 Xinren Aluminium 453.9 0.420 +0.060 +16.67 Pharmesis Intl 8.0 0.450 +0.050 +12.50 SunVic Chemical 6,564.7 0.135 -0.016 -10.60 Net Pacific Fin 30.0 0.033 +0.005 +17.86 Interra Resource 2,226.5 0.054 +0.006 +12.50 Alliance Mineral 47,653.4 0.095 +0.019 +25.00 Dapai
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    • Article
      Lock icon GAINERS
      76 10 BY CENTS CLOSE UP 52w high/low DBXT MSEurope US$ 5047 119.4 1.7 6300/4770 GLD US$ ***** 92.7 0.6 *****/***** SPDR S&P500 US$ ***** 87.1 0.3 *****/***** JMH USD 5760 63.2 0.8 6630/4500 DBXT MSTHAI US$ 1675 60.4 2.6 2300/1419 BY PERCENTAGE CLOSE UP 52w high/low HL Global Ent 14
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    • Article
      Lock icon LOSERS
      58 10 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 3804 -124.0 -3.2 4258/2636 DBXT MSINDO us$ 1202 -37.9 -2.2 1492/911 JSH USD 2965 -18.3 -0.4 3590/2524 SIA 1146 -18.0 -1.5 1224/957 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.2 -33.3 -0.1 0.7/0.1 Magnus Energy 0.2 -33.3 -0.1 20/0.2 Equation 0.3
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    • BROKERS’ TAKE
      • Article
        Lock icon DBS Sell
        139 10 Target price: S$12.68 Feb 23 close: S$13.69 May bank Kim Eng Research, Feb 23 NPL stabilised at 0.9 per cent during 2015 and management guidance calls for it to be restrained below 1.3 per cent in 2016. Notably, HSBC just posted its first quarterly loss in five years,
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      • Article
        Lock icon Raffles Medical Buy
        101 10 Target price: S$4.72 Feb 23 close: S$4.35 OCBC Investment Research, Feb 23 Raffles Medical Group’s (RMG) FY2015 results met our expectations. Higher staff costs, depreciation costs and operating lease expenses were incurred, due to continued expansion of the Raffles Medical clinic network, as well as inclusion of
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      • Article
        Lock icon Singapore yards
        261 10  -  Compiled by Jamie Lee DBS Group Research, Feb 22 Reuters reported that Sete Brasil plans to file for bankruptcy protection if its sole client Petrobras fails to present a final lease contract proposal in a week’s time. In the worst case scenario with Sete filing for bankruptcy protection,
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    • Article
      Lock icon CALENDAR
      14 10 DATA IFeb 24 Singapore GDP I Feb 24 (8pm) US MBA Morgage Applications
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    • Article
      Lock icon Yen broadly higher as risk sentiment takes hit
      473 11 CURRENCIES REUTERS London THE yen gained broadly on Tuesday, jumping over one per cent against the low-yielding euro, as a recent rally in risky assets and crude oil fizzled out, reviving demand for the safe-haven currency. The euro fell to its lowest
      REUTERS  -  473 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Feb 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 4.721 0.655 5.618 49.644 97.108 0.810 8.912 3.037 1.082 75.759 34.446 1.016 11.054 0.719 24.085 25.862 0.512 0.723 Canada 1.007 4.754
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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        Lock icon NIKKEI
        1 11
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Feb 23 S$ Bid Offer 1-month 1.4054 1.4065 2-months 1.4066 1.4077 3-months 1.4079 1.4091 6-months 1.4110 1.4123 Source: OCBC
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Feb 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0157 1.0168 0.7230 0.7234 Canadian dollar 1.0229 1.0238 0.7284 0.7281 Euro 1.5505 1.5518 1.1037 1.1040 NZ dollar 0.9384 0.9396 0.6680 0.6685 Sterling pound 1.9836 1.9854 1.4120 1.4125
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 11 Most active Feb 23 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****2 9 0.2 6570 0.2 680 10 DBS MB eCW*****4 14.7 0.2 5067 0.1 1360 8 Secura Group W*****5 2.6 -0.1 4688 1 35 79
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Feb 22 Index Change Change Change Change Change Change World Preliminary 1190.3 1.3 -6.8 0.6 -7.6 1.2 -6.4 EAFE Preliminary 918.4 1.4 -9.4 0.5 -9.5 1.0 -8.3 Europe Preliminary 1309.2 1.8 -7.3
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        383 11 Feb 23 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Feb16 9222.50 9290.00 9012.50 9040.00 *****5 *****4 Mar16 9135.00 9190.00 8907.50 8922.50 *****9 *****7 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****4 Jun16 *****.00 *****.00 *****.00 *****.00 457 9870 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Feb 23 $S Offer Bid 0vernight 0.08 0.05 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.05 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.20 1.00 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 11 Feb 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.5 5-Year NX*****X 2.250 01-Jun-21 102.27 102.50 102.45 10-Year NX*****Z 2.375 01-Jun-25 101.58 102.05 101.70 15-Year NZ*****F 2.875 01-Sep-30 103.99 20-Year NZ*****V 3.375 01-Sep-33 110.91 111.15 111.15 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Feb-22 Price Net change change Last Trade Agricultural Feb-22 CBOT Soybeans (US cents/bu) 881.00 2.75 0.31% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.49 0.10 0.32% 14/03/2016 CBOT Wheat (US cents/bu) 458.50 -3.25 -0.70% 14/03/2016 Feb-22 LIFFE Cocoa (£/tonne) 2108.00 50.00 2.43% 14/03/2016 LIFFE Coffee (US$/tonne) 1380.00 -4.00 -0.29%
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    • Article
      Lock icon SGX MAINBOARD
      1678 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 130 -1.5 576 132 130 1 8.5 826 MCap 175.5 101 ARA Asset Mgmt 105.5cd +0.5 252 106.5 105 1.7
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    • Article
      Lock icon SGX CATALIST
      260 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 21.5 unch 168 21.5 21 5.9 2.5
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    • Article
      Lock icon SGX ETF
      114 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2355 DBXT China50 US$ US2558 -6 11 2575 2553 7 399 190 DBXT MSBrazil US$ US229 +11 84 231 229 Low Div C'vr GrYld 2300 1419
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      15 7 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      Lock icon Page 7 Advertisements Column 2
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      203 9 WAT E R SCAPE AT CAVENAGH Immediate Occupation Affordable Freehold Homes D9 Presidential Address ATTRACTIVE PRICES Price from $1 798 PSF only LAST unit 3-Bedroom with Pool View at $2.62m LAST 2 units 4-Bedroom with Pool View from $3.34m 1 Central Business District drive m n v rfna Sands Bay
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  • Page 12 Advertisements
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      71 12 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon CapitaLand prices Cairnhill project ‘to fit market conditions’
      848 13  -  The 268-unit condominium is part of an integrated development that also includes a 220-unit Ascott serviced residence By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AN integrated development by CapitaLand, comprising a residential tower and an Ascott serviced residence, will soon come up at
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    • Article, Illustration
      Lock icon Chip Eng Seng unit puts in top bid for site near Tanah Merah MRT
      737 14  -  Its bid price is higher than what most consultants forecast; it plans to build a 720-unit condo with full facilities and a childcare centre By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A CHIP Eng Seng unit has
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    • Article
      Lock icon China’s Moon Lake Investment gets nod to buy oldest Australian dairy farm
      282 14 But it will be subjected to new tax rules governing foreign firms REUTERS Sydney A CHINESE investment firm has won approval to buy Australia’s oldest dairy farm, making it the first overseas company to be subject to new
      REUTERS  -  282 words
    • Article
      Lock icon CEO of embattled Mexican builder ICA quits – sources
      463 14 CEO of embattled Mexican builder ICA quits sources REUTERS Mexico City ALONSO Quintana Kawage, chief executive of Mexico’s cash-strapped construction company ICA, is leaving his post, two sources familiar with the matter said, as the company struggles to renegotiate its multi-billion dollar debt load. The move is part of a
      REUTERS  -  463 words
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      Lock icon Cushman & Wakefield appoints new Singapore MD
      275 14 Cushman Wakefield appoints new Singapore MD Singapore CUSHMAN Wakefield has appointed industry veteran Stephen Saul as its managing director. He takes over the post on March 1, and replaces Toby Dodd, who will take on a new role in the US as executive managing director, account management in the Tri-State
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      128 13 An initiative by HOW CAN WORK-LIFE STRATEGY ENHANCE YOUR BUSINESS VALUE? Supported by Pauline Chua General Manager of Human Capital CSR at Fuji Xerox Singapore TALENT Work-Life Strategy is a series of measures and initiatives that maximises talent by helping your employees fulfil their professional and personal responsibilities across various
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      513 14 For Sale By Tender ADDRESS OF PROPERTY: No. 1 Tuas Basin Link Singapore *****5 LEGAL DESCRIPTION: Lot Nos.: 4497W Mukim 07 SITE AREA: 4,550 sq.m 48,976.20 sq.ft. GROSS FLOOR AREA: 2,389 sq.m 25,715.20 sq.ft. TITLE: 30 30 Years Leasehold w.e.f 16 Jul 1994 MASTER PLAN 2014: Zoning: “B2 Industrial” WithA
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      190 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WORLD FURNISHING NETWORK PTE. LTD. (IN MEMBER’S VOLUNTARY WINDING UP) Company Registration No. *****0760C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting
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  • BANKING & FINANCE
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      119 15 V ZUG Fff f*. ill L vl Premium Swiss Quality by VZUG Oven, Hob, Hood, Warming Drawer, Dishwasher, Coffee Machine, Wine Cooler, Washing Machine and Dryer MAJOR DISCOUNTS up to 90% Meticulous workmanship and leading technology, producing products with superior quality and striking elegance. Driving to provide more efficient and
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Investor overtakes CEO in Glencore shareholding
      288 16 BLOOMBERG London INVESTOR David Herro has bought more Glencore plc shares and now owns a bigger stake in the Swiss commodity trader-cum-miner than its billionaire chief executive officer Ivan Glasenberg. The “bear story was way, way overblown and as a result we have the
      BLOOMBERG  -  288 words
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      Lock icon BHP admits that dividend pledges and mining do not mix
      409 16  -  By Quentin Webb Hong Kong BHP Billiton has accepted that dividend pledges and natural resources do not mix. The world’s largest miner has slashed cash returns to shareholders and followed rival Rio Tinto in scrapping a “progressive” policy. It is
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      Lock icon Gas only a stopgap for UK without carbon capture: report
      422 16 REUTERS London NATURAL gas only has a stopgap role in moving Britain to low-carbon energy until 2020 and will then be limited without carbon capture and storage (CCS) technology, a UK Energy Research Centre report said on Tuesday. Britain has
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  • TECHNOLOGY
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      Lock icon Facebook not an enemy, telecom carriers told
      582 17 Greater use of messaging services means more revenue for telecom networks: Mark Zuckerberg BLOOMBERG London THE relationship between telecommunications carriers and messaging apps such as Facebook’s WhatsApp and Messenger is “symbiotic”, not hostile, Facebook chief executive officer Mark Zuckerberg told a packed audience
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      Lock icon 3D printers may soon be making spare parts for flawed hearts
      901 17 WP Washington IN the cardiac operating room of the future, a surgeon may repair your damaged heart with personalised parts made to fit your precise anatomy bypassing donor lists and im-mune-suppressing drugs. It sounds far-fetched, but in some ways
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      239 17 Giving Shape to Ideas KONICA MINOLTA I think Konica Minolta Document Process Outsourcing is a huge time and money saver. It basically took away all the admin work that took up too much of my time, allowing me to be more focus and better at my job. Solution IS YOUR
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  • CONSUMER
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      Lock icon Fitbit bets on marketing drive for latest devices to stay ahead
      785 18 It forecast revenue and profit in the current quarter that fell short of analysts’ estimates BLOOMBERG New York FITBIT Inc is betting that global marketing campaigns to introduce its newest wearable health-tracking devices, including an inexpensive smartwatch, will help
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      Lock icon Pasta-maker finds bugs are recipe for success
      545 18 AFP Thiefosse, France AN artisanal pasta-maker in north-eastern France is struggling to meet demand after adding a crunchy, protein-rich ingredient to the noodles: insects. “The name of the ingredient may be a turn-off, but it’s really delicious, especially with game meat,” smiled Alain
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      Lock icon Party ending for India’s beer king
      933 18 BLOOMBERG Mumbai THE party appears to be ending for Vijay Mallya, the tycoon behind India’s best-selling beer. Lenders will auction the Mumbai office of his Kingfisher Airlines on March 17, about three years after its planes were grounded and employees stopped getting paid. Mr
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      42 18 Vocational Training Consultancy Services Food Beverages Culinary Arts Retail Management Academic Programme Digital Technology Hotel Management Hospitality Travel Management Language Point of Sales System Software Solutions for MSEs (Micro Small Enterprises) Enterprise Resource Planning) TO EXHIBIT: S* +65 6319 4021 or mtdetasph.com.sg
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      110 18 FREEADMISSION FUTUREs CFDs FUTUREs CFDs FOREX Alfred Chia SingCapital Derek Gue Author of Huat Ah! Vito Henjoto Zenifix Ting Wei Lin Author of Invest Lah! Dr Tee Tong Yan Ein55.com EVENT HIGHLIGHTS FINANCIALTALKS by Popular Investment Speakers EXCLUSIVE PROMOTIONS by Events’Partners Sure-Win SPIN &WINand more... Guaranteed attractive prizes to be
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  • TRANSPORT
    • Article
      Lock icon Boeing studying novel design for mid-market plane
      703 19 REUTERS Singapore AIRCRAFT engine makers are placing bets that could reshape their industry for decades as Boeing weighs a novel design for an airplane with 240-250 seats a neglected area of the jet market. The plane is designed to fill a slender gap
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      Lock icon Just a few crumbs of comfort
      641 19  -  S&P warns shipping firms and ports may face tough conditions this year due to current uncertainty in global trade STRAIT TALK BY DAVID HUGHES AS usual this time of the year, forecasters have been busy recently. To nobody’s great surprise, there is a lot
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      Lock icon Qantas posts record H1 profit, announces buyback
      409 19 REUTERS Sydney AUSTRALIA’S Qantas Airways Ltd on Tuesday posted a record first-half profit as the lower oil price shrank its biggest single overhead, and wooed investors with a second straight A$500 million (S$509.6 million) share buy-back. The profit builds on a turnaround under
      REUTERS  -  409 words
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      1209 19 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      217 21 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      226 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF REDBRIDGE GS (SINGAPORE) PTE. LIMITED (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of members of REDBRIDGE GS (SINGAPORE) PTE. LIMITED duly convened and deemed held at the registered office on 16th February 2016 at
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      369 21 Asian Pay Television Trust (Registration Number *****05) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR THE DISTRIBUTION FOR THE PERIOD FROM 1 OCTOBER 2015 TO 31 DECEMBER 2015 NOTICE IS HEREBY GIVEN that the Transfer Books and
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  • OPINION
    • Article
      Lock icon The iPhone saga: Apple hindering a criminal probe only it can assist
      592 22 EDITORIAL HARD battle lines are being drawn in the standoff between Apple Inc and the US government over the unlocking of an iPhone, with two types of security issues ostensibly at stake data protection and customer privacy on
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      Lock icon Does China really support the US-Asean partnership?
      763 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA has reacted mildly to some extent even positively to the special US-Asean summit meeting hosted last week by US President Barack
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      Lock icon Singapore aims high as Asia’s LNG trading hub
      1264 22  -  It’ll connect East and West by linking African gas producers to Asian buyers. buyers.BY OTAVIO VERAS T The writer is an adjunct researcher of the NTU-SBF Centre for African studies at the Nanyang Technological University THE growing importance of adopting cleaner ways
      1,264 words
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      Lock icon Fixing this global malaise is a trip in uncharted waters
      1016 23  -  COMMENTARY By Anthony Rowley Tokyo THINGS just keep getting worse. Each time a report on the global economy crosses my desk and scores do at regular intervals from agencies such as the International Monetary Fund (IMF), the World Bank, the
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      Lock icon UK staying in an EU stuck in limbo is preferable to leaving
      682 23  -  By David Marsh T The writer is managing director at the Official Monetary and Financial Institutions Forum THE issues behind Britain’s June 23 referendum on membership of the European Union (EU) can be viewed on three different levels.
      682 words
    • Article
      Lock icon Yes, tax sugar but ease up on alcohol
      255 23  -  LETTER TO THE EDITOR S Kumar I REFER to the commentary, “Time to bring sugar into the ‘sin tax’ net” (BT, Feb 1), by Vikram Khanna. A sugar tax in Singapore is worth exploring, given the alarming rise in the incidence of
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      Lock icon Trump vs Hillary on the cards
      1329 23  -  It may be time for Trump sceptics to revise their narrative about the presidential candidate By Leon Hadar Washington IT has become a pastime of sorts for the media types in Washington: Trying to figure out the number of times a leading journalist or
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      2039 24 THE BUSINESS TIMES Shipping times C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO
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      244 24 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 118 PRW276 25/02/2016 26/02/2016 Pelindo/Perawang DAILY Marco Polo 178 TTS049 25/02/2016 26/02/2016 Tebing Tinggi/Jambi DAILY Marco
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  • LIFE & CULTURE
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      Lock icon Seas rising faster than they have in 2,800 years, say scientists
      917 25 Unsurprisingly, new study blames the anomalous 20th century rise on global warming WP Washington A GROUP of scientists say they have reconstructed the history of the planet’s sea levels arcing over some 3,000 years leading them to conclude that
      WP; PHOTO: REUTERS  -  917 words
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      Lock icon Myanmar stops tourists scaling Bagan pagodas
      370 25 AFP Yangon VISITORS to Myanmar’s ancient capital Bagan will no longer be able to climb the venerated pagodas for a view of the country’s most famous archaeological site following a government edict railing against “disgraceful” tourist behaviour. The ban, which starts on March 1,
      AFP; PHOTO: AFP  -  370 words
    • Article
      Lock icon F1 bosses meet to agree on regulations for 2017 season
      305 25 AFP Barcelona FORMULA One bosses met in Geneva on Tuesday in a bid to agree on regulations for the 2017 season amid dwindling television audiences and claims that the sport has become boring. Outspoken F1 CEO Bernie Ecclestone said that
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      Lock icon Tokyo candy shop offers a sweet taste of the past
      458 25 WP Tokyo THE sweet smell of sugar being boiled down filled the kitchen at the Umebachiya sweet shop in Sumida Ward, Tokyo. Owner Soichi Maruyama lifted vivid red cherry tomatoes out of a pot and carefully rolled them in sugar
      WP; PHOTO: JAPAN NEWS/YOMIURI  -  458 words
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      48 25 FREE ADMISSION 2016 THE LARGEST I.T., DIGITAL, MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE! PRE ORDER LIMITED-TIME OFFERS FROM 22 FEB! BEST BARGAINS ARE GOING ONLINE! PLUS, SHOW HIGHLIGHTS! STARBUYS TRADE-IN TECH SHOWCASE GAMEX BRAND TIME IT SHOW BABES CONTEST 10-13MARCHSUNTEC SINGAPORE ComexITShow www.itshow.com.sg TEL: 6747 4620 ORGANISED BY:
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  • Page 25 Miscellaneous
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      300 25 CRYPTIC CROSSWORD Across 1 Course created by a man from St Andrews? (5) 4 One’s time of arrival (8) 8 Burly Pat reformed in a very sudden way (8) 9 Team members’ weapons (8) 11 Soft-hearted moneylender who enters office uninvited (7) 13 Need month off, as recovering (2,3,4) 15
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  • EXECUTIVE MONEY
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      Lock icon Tech millionaires keep China’s wealth machine humming
      1234 26  -  Global banks are monitoring new fintech business models emerging there By By Cathy Kit Ching Chan and Brian Bremner BLOOMBERG WANG Feng is the kind of successful technology entrepreneur whom private wealth bankers from Goldman Sachs to Credit Suisse would love to land
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    • Article
      Lock icon Chinese yuan – Where do we go from here?
      828 26  - Chinese yuan Where do we go from here? MONEY MATTERS By Chetan Ahya T The writer is Morgan Stanley’s co-head of global economics and chief Asia economist. CHINA’S yuan has been under pressure due to the trilemma challenge flexibility of exchange rate, openness of capital account and control over domestic
      828 words
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      89 26 emirates.com/sg Make friends in high places Rub shoulders with some of the most interesting people on the planet at 40,000 feet. Enjoy good company, sparkling conversation and surprising service in our A380 Onboard Lounge. Fly the Emirates A380 to over 35 destinations worldwide Destinations include Amsterdam, Barcelona, Jeddah, London, Los
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  • WHO’S WHO IN PRIVATE BANKING 2016
    • Article, Illustration
      Lock icon What’s a billion here or there?
      1660 1  -  Despite tough times, Asia still provides rich pickings for private banks, according to some of the major players in the region. They talk about how their banks did in 2015, the current industry environment and the outlook for 2016. BY SIOW LI SEN BY
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      Lock icon Why is Asian private banking still attractive when everyone else is selling?
      1276 2  -  Despite current global economic dislocation, the Asian HNW segment is fundamentally sound and will continue to grow briskly over the next decade. BY TAN SU SHAN decade.BY TAN SU SHAN T The writer is group head of consumer
      1,276 words
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      Lock icon In art we trust
      794 2  -  By Edie Hu, Michael Troth OF all the types of passion investing, art is arguably the most personal and most emotional. It has also become one of the areas where you hear about all-time high prices being paid for works of art, with almost a conta-gion-like
      794 words
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      Lock icon Navigating changing expectations with agility
      766 2  -  By Didier Du ret T The writer is chief investment officer, ABN Amro Private Banking SETTING the investment direction for 2016 may not be enough for investors. We also need to navigate the changes in market expectations that are, by nature, fleeting. While we expect
      766 words
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      Lock icon Revisiting an Asian marathon
      1084 3  -  Recent wealth trends and M&A developments are a reminder that to succeed, banks need to get a few key elements right. BY FRANCESCO DE FERRARI T The writer is head, Private Banking Asia-Pacific, and CEO, South-east Asia, Credit Suisse FOUR years ago when I first took
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      Lock icon What lies ahead for Asean markets?
      754 3  -  By Alvin Lee T The writer is managing director, Maybank Private Wealth 2016 has already served up a few surprises. On the global front, we have seen market volatility, continued weakness in oil prices and central bank measures aimed to lend support to their
      754 words
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      Lock icon The investment outlook for 2016
      755 3  -  By Neo Teng Hwee T The writer is chief investment officer and head of Investment Products and Solutions, UOB Private Bank 2015 was characterised by three major trends China’s economic slowdown, sharp declines in commodity prices and US monetary policy normalisation. These trends continue to
      755 words
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      Lock icon Investing in a diversified fund-of-funds portfolio amid volatility
      707 3  -  By Tang Hsiao Ching T The writer is head, advisory and sales for managed investments, Bank of Singapore IN our Market Outlook in January, we had projected that 2016 would be a volatile year for markets, and we have already witnessed a
      707 words
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      Lock icon Buckle up for a rocky ride
      1002 4  -  Diversification is a cornerstone of any disciplined investment strategy, especially given the heightened volatility in the markets. BY STEVE BRICE markets.BY STEVE BRICE T The writer is chief investment strategist at Standard Chartered Bank’s wealth management unit FOR investors wondering what 2016 would be
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      Lock icon A tale of two halves – alpha vs beta strategies for 2016
      921 4  - A tale of two halves alpha vs beta strategies for 2016 By Benjamin Yeo T The writer is chief investment officer, Asia and Middle East, Barclays Wealth and investment Management THE inauspicious start to the global capital markets this year is nothing out of the ordinary. Arguably, global markets could
      921 words
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      Lock icon Billionaires face up to life’s changes
      765 4  -  By Joseph Poon T The writer is head, UHNW SEA, UBS Wealth Management IN our latest UBS Billionaires Insights 2015 report entitled “The Changing Face of Billionaires”, we undertook a global survey of 1,300 of the world’s wealthiest people. They are based in 14
      765 words
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      Lock icon When will we see the turning point in EMs?
      842 4  -  By Sean Taylor T The writer is chief investment officer, Asia Pacific Deutsche Asset Management EMERGING markets (EMs) have seen US$73 billion in outflows in 2015 versus US$23 billion in 2014. EMs continues to face challenges near term driven by Ihigher
      842 words
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      Lock icon Banking for the Long Haul
      681 5 Following the successful climate change conference in Paris, and regionally, the worst forest fires in Indonesia in over a decade, sustainability has gained credence worldwide as more than just a buzzword. Businessmen and investors are now waking to the possibility of tighter environmental regulations affecting
      * Source: 2015 UN Environment Programme Report: Aligning the Financial Systems in the Asia Pacific Region to Sustainable Development  -  681 words
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      Lock icon Repositioning wealth in today’s tumultuous environment
      1005 6 The year 2016 saw world markets get off to the worst start in two decades amid continued worries over a slowdown in China. This has naturally left people quite shaken and asking: “What should I do to grow my wealth, and yet manage risks
      1,005 words
    • Article
      Lock icon What makes investors happy?
      865 7 We all want good returns; and we all want to be happy. In investing, the two are closely related, but are there aspects of how we invest that make us unnecessarily miserable? Are we focusing on the wrong things when making investment decisions which result in
      865 words
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      Lock icon Meeting the needs of entrepreneurs
      649 10 Throughout its history, Credit Suisse has been committed to serving entrepreneurs with solutions to meet their changing needs. Since its founding in 1856, Credit Suisse has been known for its record of continual innovation, constantly striving to be one step ahead by understanding the unique
      649 words
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      Lock icon Deutsche Bank Wealth Management – creating lasting value for you
      397 12 Deutsche Bank Wealth Management creating lasting value for you New chapter As part of Deutsche Bank's Strategy 2020, with effect from January 1, 2016, the Private, Wealth Commercial Clients (PW&CC) division was established, which includes the Wealth Management business. The PW&CC model brings together Deutsche Bank's capabilities to serve affluent
      397 words
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      Lock icon A one-bank experience for Asian entrepreneurs
      643 14 Peter Kok, Regional Head, Private Banking, ASEAN South Asia, and Stephen Richards-Evans, Global Head, Ultra High Net Worth Proposition and Market Head, Indonesia share how Standard Chartered offers entrepreneur clients a truly one-bank experience. How is Standard Chartered Private Bank positioned to be the
      643 words
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      Lock icon Building a talented team for growth
      883 15 UOB started offering banking services to the merchant community since 1935. That entrepreneurial spirit, focus on long-term value creation and unwavering commitment to do what is right for its customers have been carried through generations of UOB employees. After all, what matters most in
      883 words
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      Lock icon World in transition: Identifying opportunities
      845 16 Held for the fourth consecutive year, UBS Wealth Management hosted its flagship Asia Pasific forum ‘Wealth Insights’ in Singapore in early January. The event attracted investors, CEOs, entrepreneurs, and corporate heads from Singpore and around the region. It was a volatile start to 2016, with
      845 words
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      43 1 m Invest your money in a safe place. Like a relationship. Our values define us. tttfUOB PRIVATE BANK UOB Private Bank Suites, 80 Raffles Place, #07-01 UOB Plaza 1, Singapore *****4 1800 881 6888 uobprivatebank.com.sg United Overseas Bank Limited Co. Reg. No. *****0026Z
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      21 1 inside Why is Asian private banking still attractive? 2 Revisiting an Asian marathon 3 Buckle up for a rocky ride 4
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      91 6 Who does your private banker answer to? With offices in Singapore Hong Kong Philippines Dubai BANKOFSINGAPORE Asia's global private bank At Bank of Singapore, the answer is "You". Your interests always come first. We only offer the best products sourced from a global network of solution providers to meet your
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      839 8 IN A CHANGING WORLD, BUSINESS AND FAMILY. TAKE THE SAME DIRECTIO V '>lh msm SUPPORTING ENTREPRENEURS We know your needs as an entrepreneur extend beyond your business, which is why we ensure their professional and personal assets are managed as one. With our support for entrepreneurs, your wealth has a
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      614 9 Serving Your Best Interests Serving all your wealth management needs is a team of highly qualified and experienced professionals. A hallmark of our proposition is our team-based approach which gives you access to specialists across various financial disciplines and in some cases across geography. Led by a private banker, this
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      123 10 Wealth management. Luck has nothing to do with it. Credit Suisse has just won an unprecedented seven awards at the Asian Private Banker awards. You could put it down to a century and a half of experience in wealth management, our global capabilities or our rigorous approach to research and
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      844 11 ffvuz fibs CK& /~es\{lu does (46$ It is often said that companies tend to overlook cultural integration when merging businesses. But the speed at which DBS Private Bank completed its USD220 million acquisition of Societe Generale Private Banking Asia (SGPB Asia) in 2014 was possible because DBS placed human capital
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      17 12 Deutsche Bank Wealth Management One Raffles Quay, Level 20, South Tower, Singapore *****S Tel: +65 6423 5450
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      104 12 Deutsche Bank Wealth Management r -c u?;mfs7s TMmmm'A w* 1 i S a *G> J ,W Global strength, regional presence, personal touch. Experience a world of lasting value right at your fingertips. Best Private Bank-Alternative Investments Best Private Bank Indonesia International Best Private Bank NRI (non-resident Indian) Services Asian Private
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      906 13 We’re in all the right financial centres: Hong Kong, Shanghai, Beijing, London, and New York. We believe we are in the right markets to be able to better serve our clients. Our geographical coverage enables us to bring unique business opportunities to our clients across Asia. A strong beginning With
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      49 14 Standard Chartered Private Bank Your entrepreneurial drive is fuelling your success As you navigate your business and fulfil your family aspirations, we can help grow and protect your wealth. < h'wT AM w sc.com/privatebank Here for good Standard Chartered Private Bank is the private banking division of Standard Chartered Bank.
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      112 16 Recognition by Industry and Clients Outstanding Global Private Bank Asia Pacific Private Banker International 2015 Best Private Bank in Asia Global Private Banking Awards 2015 Best Global Wealth Manager Euromoney Awards for 2015 Best Global Bank Private Bank Global Private Banking Awards 2015 Best Private Bank Overall Euromoney Private Banking
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