The Business Times, 27 February 2016

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Microfilm: NL33778
Total Pages: 49
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    35 1 BT LivingTHE BUSINESS TIMES WEEKEND FEBRUARY 27-28, 2016 BUSINESS TIMES WEEKEND FEBRUARY 27-28, 2016 weekend THE BUSINESS TIMES www. sinesstime .com. g FEBRUARY 27-28, 2016 S$1.00| MCI (P) 040/08/2015 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    35 words
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      Lock icon Page 1 Advertisements Column 1
      64 1 ASIAN INVASION Singapore is becoming a haven for regional food concepts as players hope to start the Next Big Thing L2-3 PHOTO: NAUGHTY NURI’S SINGAPORE HOME GARDEN A blank canvas L8-9 DESTINATION DINING Food frenzy tour in Manila L4-5 MOTORING Maserati and Jaguar’s SUV rollouts L10 MOTORING Toyota’s fuel-sipping Prius
      64 words
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  • LIVING
    • Article, Illustration
      Lock icon KOREAN FILLIP
      413 2 / 3  -  By Rachel Loi @RachelLoiBT rachloi@sph.com.sg Seorae Plaza Singapura, #02-01Z6238 8429 www.seorae.com.sg INDONESIAN-BORN Korean restaurant owner Wilyawati Tjiu is a big fan of Korean dramas. Like many others, this hobby led to her making multiple visits to Korea over the last 20 years both for holiday and work. That
      PHOTOS: SEORAE  -  413 words
    • Article, Illustration
      Lock icon ASIAN INVASION
      743 2 / 3 The local dining scene may be bursting at the seams, but that’s not stopping the invasion of regional food concepts. BT Weekend talks to both big and small players battling for the palates of food-obsessed Singaporeans THREE years after Tim Ho Wan entered the Singapore dimsum landscape, the
      PHOTOS: VATOS URBAN TACOS  -  743 words
    • Article, Illustration
      Lock icon BALI HIGH IN RIBS
      390 2 / 3  -  By Rachel Loi Naughty Nuri’s Capitol Galleria, #01-84 Z6384-7966 www.facebook.com/NurisSingapore IF you’ve been to Bali in the last 20 years, then chances are you might have heard of the popular rib joint Naughty Nuri’s Warung in Ubud. Local lifestyle group Massive Collective’s director Phillip Poon sure
      PHOTO: NAUGHTY NURI’S SINGAPORE  -  390 words
    • Article, Illustration
      Lock icon OODLES OF NOODLES
      416 2 / 3  -  By Tan Teck Heng thtan@sph.com.sg Eat At Seven: Menya Takeichi and Tokyo Sundubu 3 Temasek Boulevard, #03-312/3 Suntec City MallZ6235 3386, 6884 4435 Opens 11.30am-3pm, 5.30pm-10.00pm WITH the ramen trend going into overdrive with variations such as lobster broth, new contender Menya Takeichi hoped to make a
      PHOTOS: EAT AT SEVEN  -  416 words
    • Article, Illustration
      Lock icon SPOILT FOR CHOICE
      320 2 / 3  -  By Tan Teck Heng Vatos Urban Tacos 36 Beach Road, South Beach Quarter Z6385-6010, 6385-6970 www.vatoskorea.com Opens 12pm 11pm (Mon to Thu), 12pm 12am (Fri to Sat) THIS Seoul-based taco chain is known for its “KoMex” fusion grub, but the vibe is undeniably Califor-nian-cool. Co-owner Sid Kim
      320 words
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  • DESTINATION DINING
    • Article, Illustration
      Lock icon Food frenzy in Manila
      1347 4 / 5  -  The Philippines, with its 7,007 islands, is hard to pin down in terms of its food but a recent 15-hour preview helped showcase its multifaceted cuisine. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg IT was barely five years ago that Filipino food writer Mike Aquino lamented
      PHOTOS: CHEAH UI-HOON  -  1,347 words
    • Article
      Lock icon Makansutra to open first international food market in Manila
      384 4 / 5  -  By Cheah Ui-Hoon MAKANSUTRA will open the first international food market in Manila in the second half of 2016, it announces, even as it brings its World Street Food Congress abroad for the first time in April. KF Seetoh, founder of
      384 words
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  • BEAUTY
    • Article, Illustration
      Lock icon COSY COIFFURE
      1425 6 / 7  -  More salons are carving out precious real estate into private rooms to pamper VIP clients who hanker for a little privacy. By May Yip THE WOW FACTOR CHEZ VOUS #05-05 Ngee Ann City Podium, Z6732-9388 S$20 for usage of the Wow room ONE would think that private rooms
      times.PHOTO: CHEZ VOUS; customers.PHOTOS: BRANCHE; PHOTO J’S SALON:  -  1,425 words
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  • HOME & GARDEN
    • Article, Illustration
      Lock icon A BLANK CANVAS
      1074 8 / 9  -  The apartment of gallery owner Lim Ju Lynn is mostly all white so that the focus of attention is mainly on the artworks displayed throughout her home. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT GALLERIST Lim Ju Lynn prides herself on being
      PHOTOS: YEN MENG JIIN  -  1,074 words
    • wine&dine
      • Article
        Lock icon 10 at Claymore
        162 8 / 9 with BTWeekend Pan Pacific Orchard 10 Claymore RoadZ6831-6685 Executive Smart Lunch and Signature Set Dinner The Lobby Lounge at Pan Pacific Orchard is delighted to introduce its Executive Smart Lunch and Signature Set Dinner, crafted to bring you a seamless, gourmet dining experience. Both three-course menus feature
        162 words
      • Article
        Lock icon City Space
        113 8 / 9 Swissotel The Stamford, Level 70Z6837-3322 Revel in the epitome of luxury and take in the awe-inspiring views of Singapore at City Space. Helmed as one of the 50 Best Bars in the World according to The Sunday Times (UK), City Space is a haven of sophistication and relaxing
        113 words
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  • MOTORING
    • Article, Illustration
      Lock icon A tale of 2 firsts
      275 10  -  Maserati and Jaguar are launching their first SUV models this year. By Samuel Ee By Samuel Ee MASERATI’S first SUV, the Levante, will be unveiled at next week’s Geneva motor show, followed by an official launch here in Q3 this year by distributor Hong Seh
      275 words
    • Article, Illustration
      Lock icon Setting the Pace
      204 10  -  By Samuel Ee samuelee@sph.com.sg THE Jaguar F-Pace is speeding towards Singapore, with authorised Jaguar dealer Wearnes Automotive targeting a June/July launch for the British carmaker’s first sport-utility vehicle. Like the brand’s sedan models, the compact crossover boasts lightweight aluminium architecture. Because it weighs less than a conventional
      204 words
    • Article, Illustration
      Lock icon PRIUS REDEFINED
      641 11  -  The fuel-sipping Toyota Prius has added more dynamic styling and handling to its virtues. By Samuel Ee samuelee@sph.com.sg WHEN you’re already one of the most fu-el-efficient cars on the planet, eking out a couple more kilometres per litre may not seem like a big deal. To Toyota though,
      641 words
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  • GOLF
    • Article, Illustration
      Lock icon Teeing off and more at HSBC event
      708 12  -  The four-day tournament will also feature a range of music and food line-ups. By Justine Moss WHEN the 2016 edition of the HSBC Women’s Champions tees off next week, not only will it once again have a field of the best female talent
      PHOTO: GETTY IMAGES  -  708 words
    • Article, Illustration
      Lock icon S’pore trio to hit the fairways in S Africa
      348 12  -  By Justine Moss EACH year, the BMW Golf Cup International World Final attracts top amateur players from all around the world. Currently, more than 100,000 amateur golfers from 46 countries, including Singapore, compete in qualification tournaments around the world for a
      348 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      50 2 NEWS Top Stories 2-5 Raffles Conversation 6-7 Companies Markets 8-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22 Life Culture 23 Opinion 24-25 Wealth 26-27 LIVING Dining L2-3 Destination dining L4-5 Beauty L6-7 Home&Garden L8-9 Motoring L10-11 Golf L12
      50 words
    • Article
      Lock icon MARKETS
      134 2 GSTI 2,649.38 (+45.98) GSTI FUTURES 2,649.00 (+46.00) GSIMSCI 298.22 (+5.56) GSIMSCI FUTURES 299.45 (+6.70) srocxs I vhnn ..!_m,p. KL COMP 1,663.44 +5.28 NIKKEI 225 16,188.41 -48.07 HANG SENG 19,364.15 +475/10 SET 1,343.07 +9.65 JAKARTA 4,733.15 ~74 83 MANILA 6.771 30 +2.04 KOSPI 1,920.16 +1.59 SHENZHEN B 1,125.50 +6.03 MUMBAI
      134 words
    • Article, Illustration
      Lock icon Biomed cushions dip in manufacturing output for January
      523 2  -  But sector’s figure is down 7 per cent if volatile biomed segment is excluded By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore MANUFACTURING output may have declined by a less-than-an-ticipated 0.5 per cent year-on-year in January, but economists remain unimpressed. With growth largely propped
      Source: Singapore Economic Development Board (EDB)  -  523 words
    • Article
      Lock icon Electronics weightage in output index cut
      289 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S monthly index of industrial production has been rebased from base year 2011 to 2015, to reflect the latest structure of the manufacturing sector. The electronics and chemicals clusters no longer account for as large a share on
      289 words
    • Article
      Lock icon Q4 turnover for services sector comes in flat
      233 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S services sector posted flat turnover growth in the fourth quarter of 2015, registering a measly 0.2 per cent increase in business receipts year on year. Against the previous quarter, however, business receipts rose 3.2 per
      233 words
    • Article, Illustration
      Lock icon Mainboard IPOs: minimum 10% for public?
      511 3  -  SGX seeks feedback on proposal; big issues over S$1b may be allowed to stick to just S$100m By kenlim@sph.com.sg Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore Exchange (SGX) is consulting the public on plans to impose a 10 per cent minimum for the public
      PHOTO: REUTERS  -  511 words
    • Article, Illustration
      Lock icon Spring Singapore aims to help firms drive topline growth
      675 3  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SPRING Singapore is shifting its focus towards helping companies drive topline growth with innovation as a key thrust, said the agency on Friday, maintaining that the focus is on willing and able SMEs. At its
      675 words
    • Article, Illustration
      Lock icon Hiring of persons with disabilities gets govt boost
      639 4  -  DPM Tharman, speaking at the first Inclusive Business Forum, reveals slew of initiatives By Nisha Ramchandani nishar@sph.com.sg @NishaBT Singapore THE government will leverage SkillsFuture so that persons with disabilities can contribute meaningfully in the workplace, while more support will be extended to
      PHOTO: KUA CHEE SIONG / THE STRAITS TIMES  -  639 words
    • Article, Illustration
      Lock icon Median household income surges for low-wage workers
      563 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore MEDIAN resident household income from work jumped 4.9 per cent in real terms last year, higher than the 3.8 per cent average from 2010 to 2015 courtesy of a tight labour market, a CPF-rate hike and
      Source: Dept of Statistics  -  563 words
    • Article, Illustration
      Lock icon Deal with it, flexi-work is here to stay
      716 5  -  CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg @VivienShiaoBT FLEXIBLE work on paper sounds like the perfect solution for companies facing a manpower crunch and workers who increasingly value work-life balance. But the reality is that telecommuting is easier said than done. Some
      BT Illustration: Simon Ang  -  716 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Remaking Singapore’s R&D RemakingSingapore’s R&D
      2331 6/7  -  National Research Foundation head Low Teck Seng reflects on Singapore’s research strategy, from funding to people, as the country retools for a new economic phase. By Andrea Soh sandrea@sph.com.sg @AndreaSohBT LOW Teck Seng’s gait is relaxed, and his greeting cheerful, as he strides into the
      PHOTO: LAURA NG  -  2,331 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Sembcorp Industries expects substantial income from India
      834 8  -  Group opens US$3b power complex in Andhra Pradesh state; Minister Iswaran says prospects still bright in countries like India By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SEMBCORP Industries’ income from India will be “quite substantial” in the coming years as its investments in the
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    • Article
      Lock icon UE net profit falls 17% to S$102.2m, mainly due to asset sales
      436 8  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore UNITED Engineers’ (UE) net profit for 2015 has fallen 17 per cent to S$102.2 million, largely due to the sale of two business units at end-2014. On a per-share basis, profit at
      436 words
    • Article
      Lock icon ST Engg posts flat Q4 profit of S$140.8m
      600 10  -  It proposes final dividend of 10 cents for 2015 By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE Technologies (ST) Engineering on Friday reported net profit of S$140.8 million for the fourth quarter ended Dec 31, 2015, compared to S$140.3 million for the
      600 words
    • Article
      Lock icon Yangzijiang Q4 profit plunges on impairments
      530 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore YANGZIJIANG Shipbuilding (YZJ) saw its fourth-quarter net profit plunge to 41.45 million yuan (S$8.9 million), 93 per cent down from 636.56 million yuan a year ago mainly on higher impairments and foreign exchange-re-lated losses. Revenue fell 17
      530 words
    • Article
      Lock icon Lazard, AMP latest firms to close Asia-focused hedge funds
      421 10 Bloomberg Singapore LAZARD Asset Management and AMP Capital are the latest firms to shutter Asia-focused hedge funds. The asset-management unit of financial firm Lazard Ltd closed its US$9.8 million Lazard Asia ex-Japan Equity Strategy and the Singapore-based portfolio managers have left,
      Bloomberg  -  421 words
    • Article, Illustration
      Lock icon STI ends volatile week 7 points lower at 2,649.38
      556 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent OVER the course of the past five days, trading in the Straits Times Index was directed mainly by external considerations, namely oil prices, the Dow futures and China. All three rarely moved in tandem
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    • Article
      Lock icon GAINERS
      75 11 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 449.2 2.0 *****/***** DBXT USDIGInfl US$ ***** 263.1 0.7 *****/***** Jardine C&C 3770 110.0 3.0 4258/2636 DBXT iBoxxSing SG$ ***** 103.0 0.8 *****/***** DBXT S&P500 US$ 3330 56.0 1.2 3626/3126 BY PERCENTAGE CLOSE UP 52w high/low Elektromotive 0.4 100.0
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    • Article
      Lock icon LOSERS
      77 11 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -93.8 -0.6 *****/***** DBXT S&P Short US$ 2214 -29.4 -0.9 2393/2086 IS Asia BND US 1040 -9.8 -0.7 1096/1010 Lion Asiapac 21 -9.0 -30.0 67.5/21 Great Eastern 2021 -7.0 -0.3 2530/1870 BY PERCENTAGE CLOSE DOWN 52w high/low China Env Res
      77 words
    • Article
      Lock icon MOST ACTIVE
      34 11 VOLUME Ezra 121,978,900 Yuuzoo 82,675,400 QT Vascular 65,518,500 Spackman 61,266,100 Noble 52,679,900 Market volume 1,370,389,000 VALUE JMH USD 118,750,268 DBS Grp 84,600,306 Singtel 78,170,164 UOB 57,732,263 OCBC Bank 48,937,108 Market value 1,093,560,000
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    • Article
      Lock icon Lack of one-time gain drags down UOL’s FY15 profit
      666 11  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A LACK of a one-off divestment gain and lower fair-value gains for its investment properties led UOL Group’s net profit to fall 43 per cent to S$391.4 million for the year 2015. The property developer
      666 words
    • Article
      Lock icon STI STOCKS
      310 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 +5 240/236 271 209 6.1 6304.2 CapitaLand 294 +6 294/288 379 267 11.8 3.1 *****.3 CapitaMall Trust 216 +5 216/212 228 184.5 5.2 7508.3 CityDev 720 cd +11 724/708 1095 661
      310 words
    • Article
      Lock icon SGX ETFs Most Active
      107 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 266 +5 188 266/263 355/254 265/267 DBXT MSRussia US$ US163 +2 120 163/162 235/129 164/165 UETF SSE50China 190 70 190/188 340/185 190/203 59.4 DBXT MSCHINA US$ US1071 +18 28 1071/1065 1750/995 1071/1073 IS MS
      107 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 1 0 0 1 8 3 2 Manufacturing 45 29 27 7 6 9 52 35 36 Commerce 22 11 10 4 5 3 26 16 13 Tpt/Stor/Comms 18 9 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,371 319 16,690 53,953 67 54,019 Manufacturing 136,278 102,990 239,268 95,664 8,770 104,434 Commerce 79,771 48,364 128,135 194,526 1,482 196,007 Tpt/Stor/Comms 195,353 250 195,603 144,878 21 144,898 Finance 44,368 44,368 223,784 223,784 Construction 11,141 1,633
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 12 VOL CLOSE($) CHANGE China Env Res 1.0 0.021 -0.038 -64.41 Xinren Aluminium 23,961.8 0.600 +0.120 +25.00 InnoPac 20,213.0 0.002 +0.001 +100.00 Alpha Energy 3,122.0 0.046 -0.009 -16.36 Infinio 1,500.2 0.002 -0.001 -33.33 Penguin Intl 3,358.6 0.125 -0.014 -10.07 Yuexiu Prop 52.0 0.180 -0.020 -10.00 Plato Capital 4.0 0.083
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Feb 26 VALUE CLOSE BT OB/OS 396.00 +159.00 BT CADI -*****.00 +118.00 BT 10-day MA -*****.00 +40.00 FTSE ST Mid Cap 655.47 +6.07 FTSE ST Small Cap 379.95 +2.53 FTSE ST All Share 656.65 +8.84 FTSE ST China Top 154.46 +1.24 FTSE ST China 184.27 +1.97 FTSE
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      783 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 22 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Tee Land 25-Feb-16 Phua Chian Kin Buy 85 0.20 ***** 4.87 ***** 4.89 Acesian Partners 24-Feb-16 Loh
      783 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Feb-25 Price Net change change Last Trade Agricultural Feb-25 CBOT Soybeans (US cents/bu) 859.00 -8.50 -0.98% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.65 -0.27 -0.87% 14/03/2016 CBOT Wheat (US cents/bu) 445.25 2.50 0.56% 14/03/2016 Feb-25 LIFFE Cocoa (£/tonne) 2195.00 19.00 0.87% 14/03/2016 LIFFE Coffee (US$/tonne) 1329.00 -6.00 -0.45%
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    • Article
      Lock icon PALM OIL
      57 13 Feb 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 16 2465.0 2462.0 2476.0 2431.0 946 6138 Apr 16 2517.0 2518.0 2530.0 2500.0 2701 ***** May 16 2532.0 2543.0 2552.0 2521.0 ***** ***** Jun 16 2530.0 2536.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Feb 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.51 5-Year NX*****X 2.250 01-Jun-21 101.93 101.75 101.60 10-Year NX*****Z 2.375 01-Jun-25 100.73 100.80 100.45 15-Year NZ*****F 2.875 01-Sep-30 102.31 102.65 102.20 20-Year NZ*****V 3.375 01-Sep-33 108.83 109.05 108.50
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Feb 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0106 1.0120 0.7222 0.7227 Canadian dollar 1.0341 1.0350 0.7392 0.7389 Euro 1.5454 1.5469 1.1043 1.1047 NZ dollar 0.9449 0.9460 0.6752 0.6756 Sterling pound 1.9589 1.9607 1.3998 1.4002
      155 words
    • Article, Illustration
      Lock icon Straits Times Index
      5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      204 13 Most active Feb 26 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Secura Group W*****5 2.2 -0.2 6846 1 35 87 9.05 35 KepCorp MB eCW*****2 8.2 0.8 5838 0.2 680 10 FTSEChinaA50 ***** MBeCW*****8 3.9 0.6 5455 0.0
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Feb 25 Index Change Change Change Change Change Change World Preliminary 1180.4 0.6 -7.6 0.2 -8.3 0.5 -7.2 EAFE Preliminary 908.6 1.7 -10.3 1.1 -10.5 1.4 -9.5 Europe Preliminary 1291.0 2.0 -8.6
      377 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • Article, Illustration
      Lock icon Sapphire’s rail acquisition puts turnaround on track
      812 14  -  FY2015 profit jumps to S$6.5m from S$138,000 the year before By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore A BOUT of losses and a “drastic” sale of its sagging core steel business later, Sapphire Corp is starting to show some pizzazz as it rides on
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    • Article
      Lock icon SIAS seeks discussion with Noble over Iceberg report
      391 14  -  By Andrea Soh sand rea@sph.com.sg @AndreaSohBT Singapore THE Securities Investors Association (Singapore) (SIAS) weighed in on the continuing Noble-Ice-berg saga on Friday, saying that it is alarmed by the latest Iceberg report and hopes to have a discussion with Noble’s senior management
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      208 9 (3 (j Majesty V: N> 3>* HR o? ’-0 0\ s« fflSP£ tJYrVfi PfX. L X v ■'j'-' i T T C ■i\ 4 I A •v xcj-trg i ,u A p* fjjf, m mmm mm//// .r~*, v v 1 Hi A < V" r iSberjitfa* iv The IVI E2
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  • REAL ESTATE
    • Article
      Lock icon Surbana Jurong inks new Myanmar contract
      530 15  -  It ties up with Citic to win bid for master-planning, infrastructure, port planning services at SEZ industrial park By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SURBANA Jurong Pte Ltd has clinched another contract in Myanmar as its expansion gathers pace in the fast-growing market. This
      530 words
    • Article, Illustration
      Lock icon Regeneration projects the latest buzz in London
      656 15  -  This weekend, Lendlease launches residential units at The Timberyard Deptford for sale to S’porean buyers By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CALL it gentrification. Regeneration real estate projects are becoming the latest buzz among London developers as they partner authorities to try and
      656 words
    • Article
      Lock icon Househunt
      942 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 13 AND JAN 19, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 10 NON-LANDED D'leedon Apt 13/01/2016 99 1076 1918 1782 Leedon Residence Apt 13/01/2016 FH 2669 5350 2004
      942 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      57 15 CHRNHIU NINE Live Right in the heart of Orchard Rd shopping belt Rare, integrated development with concierge service Choice of 1 bedroom (591 sf) to Penthouse (3,864 sf) Price starting from 1.35m Linkbridge to Paragon Rare Gem not to be missed! Call for more information Sandra Lua 9851 9223 BOOKING
      57 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Hedge funds winning in M&A arbitrage
      661 17 They are benefiting from record deals and lack of competition from banks to score best returns among peers Bloom berg London HEDGE funds betting on the success or failure of mergers and acquisitions (M&As) are taking advantage of a record volume of deals and
      Bloomberg  -  661 words
    • Article
      Lock icon JP Morgan bond sees strong demand
      216 17 IFR New York JP MORGAN had received US$5 billion of orders by mid-morning on Thursday for its first public US dollar bond issue of the year, according to an investor following the deal. The self-led five-year deal, issued through JP Morgan’s holding company, comes
      IFR  -  216 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      233 17 NOTICES TOLL FREE 1800 -289 882 2 I Email no tices @sph .com sg I w w w. sphclas s .com sg /no tices IN THE MATTER OF COMPANIES ACT, CAP. 50 ALLIED ORDNANCE OF SINGAPORE (PTE) LIMITED (REGISTRATION No. *****0614G) (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant
      233 words
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      Lock icon Page 17 Advertisements Column 2
      115 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HAN DEN TRADING PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) Company Registration No: *****1403D NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. 50,that the Final Meeting ofthe above
      115 words
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      122 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ABACUS LIGHTING (SINGAPORE) PTE LTD (IN LIQUIDATION) (Company Registration No. *****0650M) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Member
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      161 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CALIBRATION TESTING INTERNATIONAL PTE. LTD. (CO. REG. NO. *****2418D) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that the final meeting of
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Belt tightening, spending cuts expected at Petronas
      477 18 Future grim as slumping crude prices continue to batter earnings Reuters Kuala Lumpur MALAYSIAN oil giant Petronas is expected to announce further spending cuts next week as it braces for earnings battered by the slump in crude prices that is also pressuring its
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    • Article
      Lock icon US industry body sees no abuse in energy markets
      323 18 Reuters Washington A PLAN to limit speculation in energy markets will only hurt investors, an industry group told US securities regulators on Thursday, a message that drew a fast rebuke from some lawmakers. “Excessive speculation is not evident in the energy
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    • Article
      Lock icon India’s gold dealers deepen discounts to jewellers
      533 18 Bloomberg Mumbai GOLD dealers in India, the world’s largest bullion market after China, have deepened discounts to jewellers by as much as seven-fold after a surge in global prices cooled demand and amid speculation the government will cut import taxes in the budget
      Bloomberg  -  533 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Baidu sales beat analysts’ estimates in Dec quarter
      603 19 They rise 33% to 18.7b yuan as search provider’s investments in mobile begin to bear fruit Bloomberg Hong Kong BAIDU Inc posted revenue that topped analysts’ estimates as the Chinese Internet search provider’s investments in mobile begin to bear fruit and attract
      Bloomberg; PHOTO: REUTERS  -  603 words
    • Article
      Lock icon Unlocking iPhone violates free-speech rights, says Apple
      667 19 Reuters San Francisco APPLE Inc on Thursday struck back in court against a US government demand that it unlock an encrypted iPhone belonging to one of the San Bernardino shooters, arguing such a move would violate its free-speech rights and override the will
      Reuters  -  667 words
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      339 19 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 CONCEPT PARTNERS PTE. LTD. (INCORPORATED IN SINGAPORE) (COMPANY REGISTRATION NO. *****6092H) MEMBERS’VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on 18 February 2016, the following resolutions were duly passed: 1. SPECIAL RESOLUTION -WINDING-UP RESOLVED:
      339 words
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  • CONSUMER
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      27 20 cm p-• .u,. Safe.Yft'- r? SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES jun 14/myj
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  • TRANSPORT
    • Article, Illustration
      Lock icon In-car tech now the top woe on vehicle-reliability index
      901 21 NYT The study covered 177 specific problems grouped into 8 categories such as tech, exterior and engine New York CRAIG Sakowitz could be considered a technologically adept driver. As an e-commerce project manager for the Gap in San Francisco, he often
      NYT; PHOTO: NYT  -  901 words
    • Article
      Lock icon VW given a month to present diesel fix plan
      307 21 AFP Washington A US judge has given Volkswagen one month to present a plan to fix diesel engine cars secretly outfitted with pollution cheat devices. District Judge Charles Breyer, at a hearing in San Francisco, set a March court date for
      AFP  -  307 words
  • Page 21 Advertisements
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      53 21 HOT PROPERTY STEVENS CL NEW 3.5 sty FH Inter/Corner Terr 1920/2498 sf land. Pte lift. Pool. Near Orchard future MRT. $5.xM! LUXURY GCB OFF Nathan Rd. *****/ 9000 sqft. Modern Park 5 cars. 5 bdrms all ensuites LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Q4 GDP growth revised upwards
      471 22 This also reflects a smaller trade deficit than initially thought as imports contract LATEST US DATA Reuters Washington US economic growth slowed in the fourth quarter, but not as sharply as initially thought, with businesses less aggressive in their efforts to reduce unwanted inventory, which
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    • Article, Illustration
      Lock icon OECD to G-20: No easy way out of global economic slowdown
      642 22  -  ‘Monetary, fiscal and structural policies’ are needed to spur demand By Anthony Rowley btworld@sph.com.sg Tokyo THERE are no quick fixes for the slowdown in the global economy, and policymakers in both advanced and emerging economies will need to deploy
      PHOTO: AFP  -  642 words
    • Article
      Lock icon BOJ unveils price index that buoys governor’s position
      363 22  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) on Friday produced a new price index which appeared to support the claim by its embattled governor that the central bank’s anti-defla-tion policies were gaining traction after making allowance for plunging oil
      363 words
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  • LIFE & CULTURE
    • Article
      Lock icon Workshops for caregivers of autistic children
      239 23  -  Sessions will look at how to help the child reach his potential and address his social-sexual development By Grace So graceso@sph.com.sg Singapore AUTISM Partnership will host two educational workshops in Singapore to guide parents, teachers and caregivers on working with autistic children. The applied
      239 words
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      Lock icon Voting for new Fifa president enters second round
      761 23 Reuter s AFP Zurich ELECTION for Fifa’s new president goes into the second round after none of the candidates secured a two-thirds majority for a first-round win. In the second-round vote, only a simple majority is needed for victory. The field was
      Reuters; AFP; PHOTO: REUTERS  -  761 words
  • Page 23 Miscellaneous
    • Miscellaneous
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      308 23 CRYPTIC CROSSWORD Across 1 Understanding follows the compiler’s meaning (6) 4 Fellow criminal without a blemish (8) 9 Go on spilling secrets, invading privacy initially (6) 10 Crazy Lear isn’t showing what’s inside (8) 12 Endlessly care for faithful pet (8) 13 Spike troublemaker’s drink (6) 15 Spreading unction’s aim,
      308 words
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  • OPINION
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      Lock icon Social enterprises – A new dimension
      1322 24 / 25  - Social enterprises A new dimension Going by what young S’poreans are starting up these days, S’pore’s future may see the emergence of many more social enterprises across industries. By Alfie Othman By Alfie Othman ~The writer is executive director of the Singapore Centre for Social Enterprise (raiSE) TODAY, people across
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      Lock icon African lives matter too
      863 24 / 25  -  John Gee ~The writer is a Singapore-based freelance writer WHAT would happen if Ebola were to spread in three poor African countries where Aids was already a serious problem and whose capacity to respond had been disrupted by warfare? The answer may seem obvious, as this
      863 words
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      Lock icon SATURDAY with Simon
      13 24 / 25 China firm sets record for thinnest latex condom, says Guinness
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Emerging market bulls should beware
        710 26 / 27  -  A London-based strategist, one of few to forecast the slump in emerging markets that began in 2011, sees no sign of a turnaround. By Michael Patterson By Michael Patterson Bloomberg Hong Kong IF JOHN-PAUL Smith is right, some of the world’s biggest investors are setting
        Bloomberg; PHOTO: REUTERS  -  710 words
      • Article
        Lock icon In college endowment returns, Davids beat the Goliaths
        751 26 / 27  -  By James B Stewart NYT IN the world of money management, bigger is often considered better. College and university endowments greater than US$1 billion, for example, have long outperformed their smaller rivals. That may be changing. In the latest annual National Association
        NYT  -  751 words
      • BROKERS' TAKE
        • Article
          Lock icon Noble Group Hold
          144 26 / 27 Hold OCBC Investment Research, Feb 26 Target price: S$0.39 Feb 26 close: S$0.355 NOBLE Group, as guided, recorded a loss for FY15; this after making impairments against its investments (mainly coal) and its other supply chain assets. Reported Patmi came in at a loss of US$1. 67
          144 words
        • Article
          Lock icon City Developments Buy
          137 26 / 27 Buy Maybank Kim Eng Research, Feb 25 Target price: S$9.33 Feb 26 close: S$7.20 Q4 2015 results were broadly in line. While near-term earnings could remain soft, we believe the stock’s global financial crisis-level valuation of 0.7 times price-to-book is not warranted as we are not in
          137 words
        • Article
          Lock icon BreadTalk Group Buy
          262 26 / 27  -  Compiled by Jamie Lee Buy RHB Research, Feb 26 Target price: S1.42 Feb 26 close: S$1.035 FY16 profit growth to be driven by bottom-line gains. We expect revenue growth and same-store sales growth to remain weak, especially in China where customer footfalls have fallen significantly in shopping
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  • Page 28 Advertisements
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      28 28 THERE ARE EXCEPTIONS TO EVERY RULE. MILLENARY IN PINK GOLD. AUDEMARS PIGUET LIAT TOWERS BOUTIQUE NOW RE-OPENED 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL. (65) 6836 4918 AUDEMARSPIGUET.COM
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      43 1 PRODUCED BY CONTENT GROUP INTERNATIONAL WWW.CONTENTGROUPINTERNATIONAL.COM COM* r AS\^ Jaguar Land Rover passion and beyond X V js e curve Pepperl+t-uqjs Keeping ah ServiceSource Maximising customer revenue growth in the digital economy MATRIXX Software ’Hill Benefiting from the growing digital wave of consumers
      43 words
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  • BEST COMPANIES IN ASIA 2016
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      Lock icon Keeping ahead of the curve
      767 2 A dual-prong strategy by German manufacturer Pepperl+Fuchs to step up its game in Asia translates into benefits for all its stakeholders. At the start of 2016, the German-head- quartered manufacturer of industrial j automation products marked another j milestone when it implemented its strategy to
      767 words
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      Lock icon Jaguar Land Rover – passion and beyond
      734 3 Jaguar Land Rover passion and beyond Jaguar Land Rover, has gone through a revolution in the past years: new, striking car models that are true to what the brand historically has been standing for: bold, unapologetic cars, with progressive and cutting-edge design that don’t go unnoticed. Jaguar Land Rover, JLR,
      734 words
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      Lock icon Exceeding expectations
      793 4 Beyond offering standard accounting services, BDO Singapore has diversified into a range of advisory and private wealth management offerings to stand out from the crowd. Established in 1963, BDO is the fifth largest accountancy network in the world, made up of public accounting, tax and advisory firms. It
      793 words
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      Lock icon Out of the box
      957 5 From digital wallets to selfies as a security measure, MasterCard has a history of ground-breaking innovations that make it a market leader in the payments industry. The next time you whip out your MasterCard to pay for something, pause for a moment to appreciate the amount
      957 words
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      Lock icon Data is the new currency
      1013 6 With data growing and spreading to more locations at unprecedented rates, one company is well poised to help with organising and managing it all. Cash is king, or is it? In the digitalised world that we live in, analysts are heralding the rise of a
      1,013 words
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      Lock icon SAP – An innovative technology company run by Super Awesome People
      574 7 SAP An innovative technology company run by Super Awesome People Diversity and inclusion go hand in hand, and j the SAP culture encourages this. If you are passionate about problem solving and are eager to learn and grow, SAP is the company for you.” Mr Elliot Chiam, SAP Channel Sales
      574 words
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      Lock icon Illuminating medicine through innovation – KARL STORZ Endoscopy
      703 8 Illuminating medicine through innovation KARL STORZ Endoscopy KARL STORZ is an innovative, family-owned company specializing in high-quality medical products for minimally invasive procedures. KARL STORZ has been an integral part of the development of endoscopy for over 70 years. Founded in 1945, it has pioneered the industry and changed the
      703 words
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      Lock icon NTUC Income – Insurer made different
      740 9 NTUC Income Insurer made different NTUC Income has played a major role in the development of Singapore by ensuring that essential insurance is within reach of all people in Singapore. Covering over two million customers with 3.7 million policies today, it focuses on offering a wide variety of insurance and
      740 words
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      Lock icon Maximising customer success, revenue growth in the digital economy
      1658 10 With Asia-Pacific fast becoming a hub for global enterprise expansion, ServiceSource is leveraging its regional expertise to help businesses meet their customer growth and retention targets, while minimising service delivery costs. In the past, technology companies collected the bulk of their
      1,658 words
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      Lock icon Benefiting from the growing digital wave of consumers
      864 12 Silicon Valley-headquartered tech company MATRIXX Software knows that telcos need to engage with the “mobile-first” millennials, or risk losing out on a generational opportunity the secret is having the technology to meet the expectations of these new consumers. Ask the millennials what
      864 words
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      Lock icon How young are you?
      888 13 Nu Skin Enterprises is dedicated towards keeping aging at bay, and encouraging entrepreneurship at the same time. At the end of last year, Investing News Network rated New York Stock Exchangelisted Nu Skin® Enterprises as one of the top five anti-aging companies to invest in, in
      888 words
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      Lock icon Suvitech – IT Company providing solutions, software and services, to Asia and the World
      470 14 Suvitech IT Company providing solutions, software and services, to Asia and the World Who would have thought back in the 80’s that Information Technology would be so important in the coming years and that it would grow so rapidly. Two entrepreneur brothers of Thai-lndian heri- i tage Subin Bhatia and
      470 words
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      Lock icon Manchester Business School in Singapore: An array of exciting study opportunities await the busy professional
      497 15 Alliance Manchester Business School (MBS) celebrated its 50th anniversary in 2015. 50 years of successes recently crowned with a conspicuous donation by Lord Alliance of Manchester, a philanthropist who has a longstanding relationship with the
      497 words
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      Lock icon Unveiling an ancient health secret
      616 16 Keith Lim, co-founder of Bio Essentials International Group, hopes to offer the fountain of youth and good health with his company’s superior Biogenics MD. It all started with shingles. In 2000, Keith Linn’s mother-in-law came down with the infection, which left her back riddled with
      616 words
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      57 15 Content Group is the leading global Content Marketing publisher. Content Group International produces and distributes compelling content about varying business themes for world’s leading media platforms. Its products include events, Special Reports, TV shows, iPad and mobile publications, published in the most popular media platforms including print, online, mobile and
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      3 15 N/ w 9T0Z
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  • Page 16 Advertisements
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      77 16 ALL-MEW JAGUAR XF THIS IS NOT BUSINESS AS USUAL JAGUAR There’s nothing usual about the All-New Jaguar XF. Beneath its imposing presence is a Lightweight Aluminium Architecture, delivering impressive agility. That might not be what you'd expect from a performance luxury sedan. But the All-New XF is anything but ordinary.
      77 words