The Business Times, 1 March 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33802
Total Pages: 24
1 24 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, March 1, 2016
    22 words
  • Article
    Lock icon MARKETS
    26 1 Monday Change STI 2,666.51 +17.13 KL COMP 1,654.75 -8.69 NIKKEI 225 16,026.76 -161.65 HANG SENG 19,111.93 -252.22 SHENZHEN B 1,094.86 -30.64 DOW(10.45 EST) 16,629.97 -10.00
    26 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    276 1 Singapore entered into a bilateral investment treaty with Iran on Monday, in a sign of renewed interest from the business community and commitment by both governments in growing bilateral trade and investment. TOP STORIES 2 Malaysia’s Petronas is aiming to cut an additional RM15-20 billion in capital and
    276 words
  • Article, Illustration
    Lock icon Risk-averse investors find safer harbour in Sing-dollar bonds
    808 1  -  This year’s deals have so far been dominated by higher-quality corporates, and longer tenures are now in fashion, say market observers By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE bonds sales have so far been brisk in 2016, as risk-averse investors turn
    808 words
  • Article, Illustration
    Lock icon Singapore tourism could register only tepid growth in 2016
    795 1  -  By Kelly Tay kellytay@sph.com.sg @kellyTayBT Singapore SINGAPORE’S tourism sector could see as little as zero growth this year, if the global economy remains weak and corporates continue to cut back on travel budgets, said the Singapore Tourism Board (STB) on Monday.
    Source: Singapore Tourism Board; PHOTO: AFP  -  795 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon MAS flags some riskier practices in bank lending here
      496 2  -  Some banks offer working capital loans instead of trade-finance facilities and underprice the risk they take BANKING CAUTION By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Monetary Authority of Singapore (MAS) on Monday warned banks to watch their credit underwriting standards, with
      PHOTO: BLOOMBERG  -  496 words
    • Article
      Lock icon Bank lending to businesses, consumers sees flat start
      496 2  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BANK lending in Singapore extended its malaise into 2016, as weakness across both business and consumer lending translated into flat growth in loans in January from the previous month. This comes as BMI Research said in
      496 words
    • Article
      Lock icon Singapore signs bilateral investment treaty with Iran
      890 2  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SINGAPORE entered into a bilateral investment treaty with Iran on Monday, in a sign of renewed interest from the business community and commitment by both governments in growing bilateral trade and investment. The agreement is intended
      890 words
    • Article, Illustration
      Lock icon Petronas to cut capital, operational expenditure by up to RM20b in 2016
      634 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S national oil company Petronas is aiming to cut an additional RM15 billion-RM20 billion (S$5 bil-lion-S$6.7billion) in capital and operational expenditure this year amid a prolonged slump in oil prices that whittled
      PHOTO: REUTERS  -  634 words
    • Article
      Lock icon M&As seen as main exit route for S-E Asia startups
      823 3  -  VC firm Golden Gate expects M&As in the region to grow over 500 per cent from 2015 to 2020 By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MERGERS and acquisitions (M&As), and less initial public offers (IPOs), will drive tech startup exits
      823 words
    • Article
      Lock icon Small lift in S’pore business confidence for Q2
      340 3  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BUSINESS confidence in Singapore for the second quarter of this year rose slightly into the expansionary zone after hitting a historical low in the first quarter of 2016, data from the Singapore Commercial Credit Bureau (SCCB)
      340 words
    • Article, Illustration
      Lock icon Women’s share of directorships improves to 9.5%
      649 4  -  Media-related firms had the most women representation on their boards, with 21% of seats By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore FEMALE representation on the boards of Singapore-listed companies increased to 9.5 per cent of total directorships in 2015, with blue chips leading the
      Source: Diversity Action Committee Singapore  -  649 words
    • Article
      Lock icon Still too soon to lift property curbs: MND
      470 4  -  PARLIAMENT By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore REAL estate players hoping for property market curbs in Singapore to be loosened sometime this year might do well to prepare themselves for a longer wait. It is too soon to lift the cooling measures,
      470 words
    • Article
      Lock icon Staging NDP at new National Stadium will cost S$39.4m
      324 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore STAGING the National Day Parade at the new National Stadium this year will cost more, but more Singaporeans will get to watch it there. Defence Minister Ng Eng Hen, responding to a query from
      324 words
    • Article
      Lock icon Parliament passes updated Women’s Charter Bill
      384 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SINGAPORE is still “not quite ready” to be gender neutral by letting men claim maintenance from women in divorce proceedings, Social and Family Development Minister Tan Chuan-Jin said in Parliament on Monday. But the updated Women's Charter
      384 words
    • Article
      Lock icon Decision on Cross-Island Line may take another two years, says Khaw
      443 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE 50-km Cross Island Line (CRL) will be a key boost to “network resilience” for Singapore’s railway system; it will have 30 stations nearly half of them interchanges and enable 600,000 trips
      443 words
    • Article
      Lock icon BT’s All-in-One package: get more at a special price
      315 4  -  By Grace So graceso@sph.com.sg Singapore THE Business Times (BT) will cost more from Tuesday, March 1, but subscribers who pick its All-in-One package will enjoy a special promotional rate. The All-in-One package which includes the paper’s print, online, smartphone and tablet
      315 words
    • Article
      Lock icon Space-tight SMEs tap solar power under new programme
      499 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SMALL and medium enterprises (SMEs) without their own rooftop space are now jumping on the solar power bandwagon, after local solar firm Sun Electric introduced a new business model separating the generation of solar power from
      499 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      54 2 Correction In the story headlined “Median household income surges for low-wage workers” (The Business Times Feb 27, 2016), we reported that the Gini coefficient after government transfers was 0.463 in 2014. The figure should have been 0.411. Also, the headline should have been “surges for resident employed households”. We are
      54 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      9 2 Banking crisis? S’pore banks on sound footing, Page 6
      9 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      139 3 An initiative by T ripartite Alliance for Fair Progressive Employment Practices -A Ml** HOW CAN WORK-LIFE STRATEGY BOOST YOUR BUSINESS RESULTS? I I I Low Cheong Kee Founder Managing Director of Home-Fix D.I.Y. Pte Ltd PRODUC h Work-Life Strategy is a series of measures and initiatives that increases business productivity
      139 words
Page thumbnail Page 4
Page thumbnail Page 5
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Olam posts first full-year loss on one-off charges
      887 5  -  S$397m exceptional loss for 2015 includes writedown of investment in PureCircle By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore Singapore OLAM International swung to a net loss in the fourth quarter and the full 2015 financial year its first since listing in 2002 hit
      ST FILE PHOTO  -  887 words
    • Article
      Lock icon Baring’s Interplex offer could turn unconditional
      206 5  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore BARING Private Equity Asia officially launched its S$450 million (US$320 million) offer for Singapore-listed pre-cision-engineering firm Interplex Holdings on Monday, adding that it will turn unconditional when two shareholders fulfil their commitment to sell their shares in Interplex.
      206 words
    • Article
      Lock icon Banking crisis? Singapore banks on sound footing
      846 6  -  HOCK LOCK SIEW BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT SINGAPORE banks are in for tough times in 2016, but a collapse of the banking sector is unlikely, despite alarmist calls from a few hedge funds in recent weeks. Investors who fear a banking crisis
      846 words
    • Article
      Lock icon Unit sales help Wheelock to narrow Q4 loss
      518 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore MANAGING to sell units in three residential projects helped real estate developer Wheelock Properties to narrow its loss in the fourth quarter. Wheelock chalked up a net loss of S$927,000 for the three months ended Dec
      518 words
    • Article
      Lock icon AusNet Services sells long-tenure SGD hybrid bonds
      462 6  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore AUSTRALIA’S AusNet Services on Monday sold long-tenure hybrid S$200 million bonds at 5.5 per cent. The bonds have a tenure of 60.5 NC or non-call 5.5. That means the debt matures in September 2076 but they
      462 words
    • Article, Illustration
      Lock icon Ezra joins offshore marine peers in rally
      350 6  -  HOT STOCKS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore PUNTERS went on a joyride with offshore marine stocks and other oil-re-lated plays on Monday, on hopes that oil prices have found a bottom. Crude oil futures for April delivery were up for most of
      Source: Bloomberg  -  350 words
    • CORPORATE DIGEST
      • Article
        Lock icon Swiber Holdings
        164 6 OFFSHORE services provider Swiber Holdings sank into the red for its fiscal year 2015 after booking a sizeable impairment loss on an investment in an associate and a drop in other operating income. It made a loss of US$27.38 million for the 12 months to Dec 31, down
        164 words
      • Article
        Lock icon Vallianz Holdings
        127 6 VALLIANZ Holdings has posted a fourth quarter net profit of US$4.1 million, up 11.1 percent, even as revenue slid 2.5 per cent year on year to US$47 million. For the full year, the group’s net profit fell 6.1 per cent to US$17.5 million, even as revenue climbed 51.3
        127 words
      • Article
        Lock icon Yoma Strategic Holdings
        76 6 YOMA Strategic Holdings’ wholly owned subsidiary Yoma German Motors Limited has signed an importer agreement with Volkswagen Aktiengesellschaft (AG). Yoma German Motors will serve as the official importer and distributor of a range of passenger cars and SUVs manufactured by Volkswagen AG, within Myanmar. This arrangement expands
        76 words
    • Article, Illustration
      Lock icon S’pore market cap rebounds, rising 2.1% to S$821.9b in Feb
      614 7  -  Month-on-month increase in second month of year comes after a shaky January By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE stocks staged a rebound in February as the total value of the market grew 2.1 per cent month-on-month to S$821.9 billion.
      Compiled by BT  -  614 words
    • Article
      Lock icon Vard plans diversification as Q4 sinks into the red
      614 7  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore VARD Holdings, a major global designer and shipbuilder of offshore and specialised vessels, has unveiled diversification moves to tide the group over the industry downturn that has hit its core offshore market. The group
      614 words
    • Article
      Lock icon Golden Agri’s Q4 dealt a double whammy
      697 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore PALM oil plantation group Golden Agri-Resources’ (GAR’s) fourth-quar-ter losses quadrupled to US$88.4 million from US$21.9 million a year ago due to a double whammy of higher fair-value loss and substantially lower foreign-exchange gain. The group on Monday
      697 words
    • Article, Illustration
      Lock icon STI / Catalist
      62 8 STI Catalist Straits Times index Feb 29,2016 2,666.51 +17.13 (+0.65%) Current streak 2 days Day high 2,667.83 Day low 2,638.75 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist index Feb 29,2016 443.09 +2.57 (+0.58%) Current streak 2 days Day high 443.89 Day low 439.83
      62 words
    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 437.0 1.6 *****/***** Lyxor ThaiSET US$ ***** 397.6 2.7 *****/9646 JMH USD 5822 241.7 3.0 6618/4500 DBXT MSTaiwan US$ 1870 137.7 5.5 2392/1667 Jardine C&C 3855 85.0 2.3 4258/2636 BY PERCENTAGE CLOSE UP 52w high/low Next-Gen Sat 0.4 100.0
      75 words
    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSKorea US$ 4731 -56.2 -0.8 6246/4478 DBXT CSI300 US$ 732 -26.7 -2.5 1471/700 DBXT China50 US$ 2490 -25.3 -0.7 4258/2355 DBXT MSCHINA US$ 1056 -21.1 -1.4 1750/995 CityDev 711 -9.0 -1.3 1095/661 BY PERCENTAGE CLOSE DOWN 52w high/low Lereno Bio-Chem 4.3 -28.3
      75 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      85 8 VOL CLOSE($) CHANGE Abundance Intl 85.1 0.035 +0.014 +66.67 MDR 60,245.9 0.005 +0.001 +25.00 HL Global Ent 1,030.0 0.155 +0.015 +10.71 MFG Integration 2,238.5 0.183 -0.057 -23.75 Figtree 269.8 0.168 +0.017 +11.26 ISR Capital 1,606.0 0.004 +0.001 +33.33 World Precision 79.1 0.285 +0.025 +9.62 Sinostar Pec 190.1 0.095
      85 words
    • Article, Illustration
      Lock icon STI gains from late window-dressing push
      661 8  -  Index up 17 pts up despite selling pressure in China and HK; volume surges to S$2.6b, helped by Jardine Matheson STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index struggled for most of Monday to stay in the black in the face of
      Source: Bloomberg  -  661 words
    • Article
      Lock icon STI STOCKS
      312 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 +2 242/235 271 209 6 6356.7 CapitaLand 298 +4 299/293 379 267 11.9 3 *****.3 CapitaMall Trust 219 +3 219/215 228 184.5 5.1 7612.5 CityDev 711 cd -9 726/709 1095 661
      312 words
    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Ezra 188,748,700 Spackman 105,741,400 MDR 60,245,900 StratechGroup 47,748,500 Tech Oil Gas 42,011,100 Market volume 1,690,621,000 VALUE JMH USD 1,398,084,909 DBS Grp 97,825,984 Singtel 94,049,793 JSH USD 89,643,629 OCBC Bank 72,481,938 Market value 2,629,118,000
      36 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Feb 29 VALUE CLOSE BT OB/OS 307.00 -89.00 BT CADI -*****.00 +1.00 BT 10-day MA -*****.00 +30.00 FTSE ST Mid Cap 655.40 -0.07 FTSE ST Small Cap 380.19 +0.24 FTSE ST All Share 661.79 +5.14 FTSE ST China Top 154.88 +0.42 FTSE ST China 185.35 +1.08 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Feb 29,2016 661.79 +5.14 (+0.78%) Current streak 2 days Day high 661.79 Day low 655.39 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Feb 26,2016 1,558.08 +3.93 (+0.25%) Current streak 2 days Day high 1,575.18 Day low 1,552.13 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 5 0 1 0 5 5 5 Manufacturing 42 31 29 7 9 7 49 40 36 Commerce 17 22 9 3 2 5 20 24 14 Tpt/Stor/Comms 17 8 10
      186 words
    • Article
      Lock icon SGX ETFs
      108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 269 +3 364 269/266 355/254 267/269 IS MS INDIA US$ US590 -1 102 595/575 838/575 590/594 73.8 DBXT MSRussia US$ US162 -1 80 162/162 235/129 161/162 DBXT CSI300 US$ US732 -19 46 732/720 1471/700
      108 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,507 842 28,349 91,523 168 91,691 Manufacturing 146,103 59,199 205,302 116,411 1,982 118,393 Commerce 83,923 46,194 130,117 1,537,035 1,756 1,538,791 Tpt/Stor/Comms 327,527 402 327,929 221,615 31 221,647 Finance 42,463 195 42,658 268,111 25 268,135 Construction
      123 words
    • BROKERS’ TAKE
      • Article
        Lock icon UOL Group | BUY
        163 8 UOL Group BUY Feb 29 close: S$5.66 Target price: S$7.39 DBS Group Research, Feb 29 UOL derives a significant about 50 per cent of revenue from its retail, office and hotel segments which should continue delivering stable cashflows. We expect its portfolio of commercial properties (office retail) to be resilient
        163 words
      • Article
        Lock icon Samudera shipping Line | HOLD
        176 8 Samudera shipping Line HOLD Feb 29 close: S$0.195 Target price: S$0.21 KGI Fraser Research, Feb 29 Excluding the US$11.1 million write-down in Q4 FY15, Samudera’s Q4 FY15 core net profit of US$4.1 million (+10 per cent year-on-year; +28 per cent quarter-on-quarter) was higher than our expectations. FY15 core net profit
        176 words
      • Article
        Lock icon Thai Beverage Public Co | ADD
        139 8  - Thai Beverage Public Co ADD Compiled by Kenneth Lim Feb 29 close: S$0.70 Target price: S$0.83 CIMB Research, Feb 29 Maintain “add” and sum-of-the-parts target price of S$0.83. ThaiBev’s Q4 had positive data points for beer, negated by non-alcoholic drinks, higher financing costs and taxes. We deem Q4 FY15 results
        139 words
    • Article
      Lock icon Won hits 5 1/2-year low as dollar’s rise dents Asian currencies
      426 9 CURRENCIES REUTERS Singapore THE South Korean won hit a 51/2-year low and other Asian currencies mostly eased against the dollar on Monday, after upbeat US economic data helped revive expectations for the Federal Reserve to raise interest rates later
      REUTERS  -  426 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Feb 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.965 4.665 0.650 5.540 48.813 95.321 0.805 8.818 2.997 1.080 74.611 33.884 1.002 11.506 0.709 23.729 25.431 0.512 0.713 Canada 1.036 4.833
        471 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Feb 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0009 1.0023 0.7123 0.7128 Canadian dollar 1.0372 1.0380 0.7382 0.7382 Euro 1.5393 1.5409 1.0955 1.0959 NZ dollar 0.9262 0.9279 0.6592 0.6599 Sterling pound 1.9534 1.9555 1.3902 1.3907
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Feb 29 S$ Bid Offer 1-month 1.4058 1.4071 2-months 1.4072 1.4085 3-months 1.4082 1.4096 6-months 1.4115 1.4131 Source: OCBC
        22 words
      • Article, Illustration
        Lock icon HANG SENG
        2 9
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
        2 words
      • Article, Illustration
        Lock icon NIKKEI
        1 9
        1 words
      • Article, Illustration
        Lock icon DOW JONES
        2 9
        2 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        384 9 Feb 29 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 8845.00 8887.50 8455.00 8650.00 *****4 *****0 Apr16 8780.00 8780.00 8380.00 8547.50 2317 145 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****0 *****5 Jun16 *****.00 *****.00 *****.00 *****.00 387 9481 MSCI TAIWAN
        384 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        211 9 Most active Feb 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 1.2 unch 9259 1 18 8 DBS MB eCW*****4 13.3 -0.4 6235 0.1 1360 8 KepCorp MB eCW*****2 8.2 unch 5510 0.2 680 10
        211 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Feb 26 Index Change Change Change Change Change Change World Preliminary 1194.9 0.5 -6.5 0.5 -7.1 0.2 -6.3 EAFE Preliminary 918.5 1.1 -9.4 0.6 -10.0 0.3 -9.2 Europe Preliminary 1309.5 1.4 -7.3
        377 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Feb 29 $S Offer Bid 0vernight 0.05 Par 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.50 US$ 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
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Feb 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.52 100.57 100.57 5-Year NX*****X 2.250 01-Jun-21 101.98 102.20 101.90 10-Year NX*****Z 2.375 01-Jun-25 100.82 101.03 101.03 15-Year NZ*****F 2.875 01-Sep-30 102.29 102.45 101.95 20-Year NZ*****V 3.375 01-Sep-33 108.82
        69 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Feb-26 Price Net change change Last Trade Agricultural Feb-26 CBOT Soybeans (US cents/bu) 855.00 -4.00 -0.47% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.03 0.38 1.24% 14/03/2016 CBOT Wheat (US cents/bu) 443.25 -2.00 -0.45% 14/03/2016 Feb-26 LIFFE Cocoa (£/tonne) 2161.00 -34.00 -1.55% 14/03/2016 LIFFE Coffee (US$/tonne) 1326.00 -3.00 -0.23%
        250 words
    • Article
      Lock icon SGX MAINBOARD
      1792 10 Transaction date: Feb 29 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld 153 127 AIMSAMP Cap Reit 132 -0.5 190 133 131 1 8.4 838.7 MCap 175.5 101 ARA Asset Mgmt 105.5cd unch
      1,792 words
    • Article
      Lock icon SGX CATALIST
      256 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div 1 0.3 t Advanced Systems 0.4 unch 93 0.4 0.3 10.5 Net MCap High LOW Company Sale ('000) High Low C'vr P/E 29.5 16.7 t CNMC Goldmine
      256 words
    • Article
      Lock icon SGX ETF
      120 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2355 DBXT China50 US$ US2490 -18 15 2518 2490 6.8 High Day 1750 995 DBXT MSCHINA US$ US1056 -15 28 1069 1056 6246 4478 DBXT MSKorea
      120 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      2485 5 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
      2,485 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      1247 5 TECHCOMP (HOLDINGS) LIMITED 天美 (Incorporated in Bermuda with limited liability) (Company Registration Number: *****) (Hong Kong Stock Code: 1298) (Singapore Stock Code:T43) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of the shareholders (the “Shareholders”) of Techcomp (Holdings) Limited (the “Company”) will be
      1,247 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      52 6 HOT PROPERTY WEST CONNECT B2 #01-11 ,1733sf usable space, $815,000 nett! 6m floor to floor. TOP soon! ONE PEMIMPIN, 999 yrs. B1. 1101/ 1163 sf (ramp-up); 1152/ 1399 sf (flatted) Near 2 MRTs Immed rental avail FACTORY SPACES FOR SALE! Check out these properties and more in The Straits Times
      52 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      10 6 G Read It Saturday, 5 March 2016 NS •-G-: w
      10 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      130 7 The SME Magazine: Out tomorrow with your copy of The Business Times IN THIS ISSUE PEANUT TREE: How three generations built a family business from peanuts into an empire. CHANGING THE GAME: How innovation can be an advantage in a competitive market and also inject fun in the company, and
      130 words
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      71 10 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!
      71 words
Page thumbnail Page 11
  • REAL ESTATE
    • Article, Illustration
      Lock icon Government eases DC rates for key use groups
      1273 11  -  The reductions come amid the overall price and rental weakness across the property market By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AMID the overall price and rental weakness across various segments of the property market, the government has trimmed development charge rates for
      PHOTO: LIM YAOHUI/THE STRAITS TIMES  -  1,273 words
    • Article
      Lock icon UK mortgage approvals hit 2-year high
      241 11 BLOOMBERG London BRITISH mortgage approvals hit a two-year high in January and consumer credit expanded at the fastest pace in a decade, according to Bank of England data that is likely to add to the case for a tightening of lending requirements by the
      BLOOMBERG  -  241 words
    • Article
      Lock icon Prices of completed, non-landed private homes up 0.1% in January
      754 12  -  Flash estimates from NUS index based on a bigger basket of projects completed between Oct 2003 and Sept 2015 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PRICES of completed non-landed private homes inched up 0.1 per cent in January compared to
      754 words
    • Article, Illustration
      Lock icon US abandons plan to swap obsolete buildings
      537 12 WP Washington, DC THE federal government is abandoning a plan to trade some of its most obsolete buildings along Independence Avenue, south of the Mall, after officials said they were unable to come to an agreement with developers. More than three years ago,
      WP; PHOTO: JEFFREY MACMILLAN/WP  -  537 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      301 11 SINGLE STOREY COLD STORAGE FACILITY FOR SALE DC O H O LU 2 2 O o DC < Q_ O 2 O DC D SUBJECT PROPERTY o < O DC LU do x o INTERNATIONAL ROAD Located in Chin Bee Food Zone along Quality Road Site Area: Approx. 185,961 ft
      301 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      362 11 RARE EXCLUSIVE GOOD CLASS BUNGALOW LAND SITES AT CAMDEN PARK i -v S 1 v, > 1 Site A: 1,218.5 sqm (13,115.8 sqft) Site B: 1,306.2 sqm (14,059.8 sqft) Total Land area 2,524.7 sqm (27,175.6 sq ft) Freehold. Suitable for redevelopment Option to purchase 1 plot or 2 plots side
      362 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      53 12 RIDE TO YOUR NEXT JOB, ON US APPLY FOR A JOB ON STJOBS AND GET TO YOUR INTERVIEW ON TIME. Enjoy $15 off your Uber ride* to your job interview as a first step to landing that job. AT STJobs, your career matters. Terms and conditions apply. STJOBS I Q©
      53 words
Page thumbnail Page 13
  • BANKING & FINANCE
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      8 13 Brexit may trigger some fearful consequences, Page 21
      8 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      451 13 SG Future Economy Closer than you think We progressed from theThird World to the First in a single-generation leap riding on the Tiger economy. But with businesses facing a more complex and uncertain landscape tomorrow, how can we restructure and respond? Hear corporate leaders discuss Singapore’s near and mid-term economy
      451 words
Page thumbnail Page 14
Page thumbnail Page 15
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Startup lessons about artificial intelligence
      934 15 Success for AI startups will rely on basic business virtues such as focus and flexibility NYT New York IN 2010, Kris Hammond, an experienced artificial intelligence researcher, and a few partners founded Narrative Science. The Chicago startup’s software ingests and interprets numbers for things such
      NYT; PHOTO: NYT  -  934 words
    • Article, Illustration
      Lock icon Dolby now about visual, not just sound, know-how
      612 15 AFP San Francisco AT the entrance of the Dolby headquarters in San Francisco, a ribbon of television screens plays synchronised videos that change in time to sound effects. The display mirrors the company’s recent efforts to move beyond sound enhancement to improve
      AFP; PHOTO: TWENTIETH CENTURY FOX  -  612 words
    • Article, Illustration
      Lock icon Apple case creates fervour for encryption bill in Congress
      639 15 WP Washington THE controversy over whether Apple should help federal investigators access one of the San Bernardino shooter’s iPhone is putting renewed urgency behind legislative efforts to settle the contentious issue of when technology companies should comply with government requests for
      WP  -  639 words
    • Article
      Lock icon Technology could unwind decade-long trend in global trade
      686 15 WP Washington TWO of the biggest forces influencing global economic activity over the past three decades globalisation and automation have had polar-op-posite effects on workers in emerging markets. Globalisation pushed multinationals to move production to countries with lower labour costs than advanced
      WP  -  686 words
Page thumbnail Page 16
  • CONSUMER
    • Article, Illustration
      Lock icon With humility, Starbucks to enter Italian market, where standards are high
      1018 16 CEO credits Italy’s distinct coffee culture for inspiring him to create the Starbucks of today NYT Milan STANDING in the art-soaked splendour of a Milanese parlour as an array of A-list Italian business leaders listened intently, Howard Schultz, chairman
      NYT; PHOTO: NYT  -  1,018 words
    • Article, Illustration
      Lock icon At Milan Fashion Week, Cinderella goes to Dolce & Gabbana
      505 16 At Milan Fashion Week, Cinderella goes to Dolce Gabbana REUTERS Milan IT WILL be a fairytale wardrobe for Dolce Gabbana fans next winter, with the Italian fashion brand presenting enchanting fantasy creations for its latest womenswear line at Milan Fashion Week on Sunday. Against a backdrop of an open story
      REUTERS; PHOTOS: REUTERS, AFP  -  505 words
    • Article
      Lock icon America’s passion for guns still intact as shooting toll rises
      619 16 Obama hamstrung as Republican-controlled Congress drags its feet on gun control AFP Washington A RIFLE as a new state symbol. A bill that lets young children use handguns under supervision. As mass shootings shatter lives, the fascination with firearms among
      AFP  -  619 words
Page thumbnail Page 17
  • TRANSPORT
    • Article, Illustration
      Lock icon VietJet seeking IPO to become ‘Emirates of Asia’
      692 17 It plans to build global routes and become one of the region’s top budget airlines Hanoi VIETJET Aviation Joint Stock Co, the Vietnamese carrier known for its biki-ni-clad flight attendants, may hold its initial public offering as early as the second quarter
      PHOTO: BLOOMBERG  -  692 words
    • Article, Illustration
      Lock icon Nissan stock up the most since 2009 on share buyback news
      595 17 BLOOMBERG Tokyo NISSAN Motor Co rose the most in almost seven years as the Japanese carmaker plans its biggest share buyback ever and its first in more than four years to counter a recent slump for the stock. Nissan
      BLOOMBERG; PHOTO: AFP  -  595 words
    • Article
      Lock icon Asia’s tuk-tuks providing a wheel boost to African countries
      681 17 AFP Monrovia OMNIPRESENT on the chaotic streets of Mumbai, Jakarta and Bangkok, Asia’s three-wheeled tuk-tuk has now come to Africa and with a two-fold bonus: providing much-needed jobs and slashing accidents. Cheap to run and safer than the traditional motorcycle taxi,
      AFP  -  681 words
    • Article
      Lock icon Saint Petersburg’s new port aiming to become top Russian cargo hub
      397 17 REUTERS London SAINT Petersburg’s new deepwater port aims to become Russia’s major hub for cargo and container shipping, despite an industry slump and the impact of Western sanctions on the country, officials involved said last Wednesday. Russia’s economy has
      REUTERS  -  397 words
    • Article
      Lock icon Investors turn their backs on shipping amid bulk-carrier woes
      436 17 BLOOMBERG Hamburg PRIVATE equity is turning its back on shipping after a glut of funding over the last five years contributed to overcapacity in the industry, according to Andrian Dacy, the head of JPMorgan Asset Management’s global maritime business. While private-equity
      BLOOMBERG  -  436 words
Page thumbnail Page 18
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Mahathir quits Umno over Najib scandal
      499 18 AFP REUTERS Kuala Lumpur FORMER Malaysian premier Mahathir Mohamad announced on Monday he was quitting the ruling party, saying it had degenerated into an organisation whose sole purpose was to protect the scandal-plagued Prime Minister Najib Razak. For months, Dr Mahathir has been a
      AFP; REUTERS  -  499 words
    • Article, Illustration
      Lock icon China expects to lay off 1.8m workers in coal and steel sectors
      1086 18 Beijing to allocate 100 billion yuan over 2 years to relocate workers laid off as country tries to curb overcapacity REUTERS Beijing CHINA said on Monday that it expects to lay off 1.8 million workers in the coal
      REUTERS; PHOTO: REUTERS  -  1,086 words
    • Article
      Lock icon China stocks tumble as G20 meeting disappoints investors
      605 18 BLOOMBERG AFP Shanghai CHINESE stocks sank, with the benchmark index approaching the lowest level since November 2014, as some investors were disappointed by a lack of specific measures to boost growth during the Group of 20 meeting in Shanghai. The Shanghai Composite
      BLOOMBERG; AFP  -  605 words
    • Article
      Lock icon Pending home sales in January take a hit from cold weather
      372 18 LATEST US DATA AFP Washington US pending home sales fell in January as winter weather pounded the Northeast, but contract signings were higher still than a year ago, the National Association of Realtors said on Monday. The NAR’s pending
      AFP  -  372 words
    • Article
      Lock icon Japanese factory output rises for first time in three months
      511 18 AFP Tokyo JAPAN on Monday posted its first factory output expansion in three months, official data showed, offering some rare good news after a string of weak figures threw cold water on recovery hopes. The upbeat figures a 3.7 per
      AFP  -  511 words
    • Article, Illustration
      Lock icon India unveils fire-fighting budget to placate voters, sustain growth
      863 19 Finance minister sticks to his fiscal deficit target of 3.5% of gross domestic product for the 2016/17 fiscal year REUTERS New Delhi INDIA unveiled a fire-fighting budget on Monday that seeks to win back support among rural voters for Prime Minister
      REUTERS; PHOTO: AFP  -  863 words
    • Article, Illustration
      Lock icon Clinton and Trump shoot for inevitability on Super Tuesday
      1334 19 AFP WP Washington DEMOCRAT Hillary Clinton aims to build an impregnable lead on “Super Tuesday”, the most consequential day of the presidential nominations calendar, while Republicans struggle to derail their insurgent and controversial front runner Donald Trump. With less than 24
      AFP; WP; PHOTOS: AFP, REUTERS  -  1,334 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      9 19 Grand New Party vs Grand Old Party, Page 20
      9 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      85 19 At Oxley Road, swinging from the rail of an opentop van. There were many such vans parked in front of our house to bring Pa to meet the people in various parts of Singapore. With two brothers, the need to keep up with the boys was intense. I was probably
      85 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 3
      75 19 'C LLC m ASIA’S LARGEST EDUCATIONAL KIDS’ FAIR 18-20 MARCH 2016 (SCHOOL HOLIDAYS) SINGAPORE EXPO HALL 6 Be a part of SmartKids Asia 2016! m mm Promote and sell your brand, products and services to a targeted 90,000 parents with children from ages 3 to 12! CONTACT US NOW! Mr
      75 words
Page thumbnail Page 20
  • OPINION
    • Article
      Lock icon Digital investments starting to pay off for Singapore
      544 20 EDITORIAL McKINSEY Global Institute’s (MGI) ranking of Singapore as the world’s most connected nation in its recent study is an acknowledgement of the Republic’s effort to remain relevant as a global hub for trade and commerce. The important sub-text of this ranking
      544 words
    • Article, Illustration
      Lock icon Grand New Party vs Grand Old Party
      1447 20  -  As Super Tuesday looms, party establishment is in panic over the transformation of the GOP By Leon Hadar Washington HERE is a mind-bending proposition that requires employing a bit of dialectical thinking: If Donald Trump is nominated as the Republican Party’s presidential candidate
      PHOTO: REUTERS  -  1,447 words
    • Article
      Lock icon Planet on the ballot
      862 20  -  THE BOTTOM LINE By Paul Krugman NYT WE now have a pretty good idea who will be on the ballot in November: Hillary Clinton, almost surely (after the South Carolina blowout, prediction markets give her a 96 per cent probability of securing her party’s nomination), and
      NYT  -  862 words
    • Article
      Lock icon Building a long-standing, wide-ranging relationship
      866 21  -  COMMENTARY By Vivian Balakrishnan T The writer is Minister for Foreign Affairs of Singapore LAST year, Singapore and China commemorated 25 years of diplomatic relations, culminating in the exchange of state visits by Singapore President Tony Tan and Chinese President Xi Jinping. We established an
      866 words
    • Article
      Lock icon Brexit would open world digital gateway for Europe
      497 21  -  By John Kornblum T The writer, a former US ambassador to Germany, is senior counsellor at Noerr LLP and a member of the Official Monetary and Financial Institutions Forum advisory board Berlin AT a mid-January conference of the British Chamber of Commerce
      497 words
    • Article
      Lock icon Rates of return reviewed regularly
      389 21  -  LETTER TO THE EDITOR Pauline Lim Executive director Life Insurance Association Singapore THERE have been recent discussions on the topic of projections and payouts of participating (par) products by life insurers in Singapore. In particular, we refer to the commentary, “Realistic projections by insurers is
      389 words
    • Article, Illustration
      Lock icon Brexit may trigger some fearful consequences
      1348 21  -  For one, a vote to leave the EU could prompt another Scottish referendum on independencee.BY DAVID R CAMERON independencee.BY DAVID R CAMERON T The writer is a professor of political science at Yale and director of the Programme in European Union studies New Haven
      PHOTO: BLOOMBERG  -  1,348 words
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      927 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
      927 words
Page thumbnail Page 23
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Madonna proves she’s still the Queen of Pop
      676 23  -  Her stage presence resonated with star quality even though she no longer rules the charts like she used to in the 80s. BY DYLAN TAN BY DYLAN TAN HER tour might be called Rebel Heart named after her latest studio album from
      PHOTO: RUSSEL WONG  -  676 words
    • Article
      Lock icon Chris Rock scores and Spotlight takes centre stage at the Oscars
      1179 23 NYT Los Angeles IN A CEREMONY that became a raucous diversity lesson under the guidance of its host, Chris Rock, Spotlight, a newspaper drama about the Roman Catholic Church cov-er-up of sexual abuse by priests, snatched top honours at
      NYT  -  1,179 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      208 23 FROM THE JURY THAT BROUGHT YOU THE 88th OSCAR RESULTS Inside Out Leonardo DiCaprio Spotlight Alicia Vikander Brie Larson Leonardo DiCaprio nominated the 6th time Mark Rylance Alejandro G. Iñárritu Cinematography, The Revenant, Emmanuel Lubezki They toil, they sacrifice, they suffer. Now the moment is theirs. Foreign language film, Son
      208 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      326 23 CRYPTIC CROSSWORD Across 1 Timer almost jammed, causing alert (8) 5 Train for Rugby, say (6) 9 Art grade for modelling in fashion industry (3,5) 10 Woman formerly seen around hospital floor covering right leg (6) 11 There’s no end of bother behind bar in American’s carriage (7) 12 Criminal,
      326 words
Page thumbnail Page 24
  • SME
    • Article, Illustration
      Lock icon Protecting SMEs against risk
      907 24  -  SMEs play a dynamic role, contributing to almost half of Singapore’s GDP, but one in seven small firms remain uninsured.BY uninsured.BY KARL HAMANN The writer is chief executive officer of QBE Singapore. He is a member of the Management Committee of the General Insurance Association (GIA)
      FILE PHOTO  -  907 words
    • Article, Illustration
      Lock icon Green light for firms adopting sustainability
      834 24  -  Companies build better brands with eco-initiatives COMMENTARY By Martin Roll The writer is a business and brand strategist, and the founder of Martin Roll Company. This article first appeared on insead Knowledge Sustainability is the new mantra for strategic differentiation. The global brand and
      PHOTO: BLOOMBERG  -  834 words