The Business Times, 3 March 2016

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Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes S$1.20 CO REGN NO *****2868E MCI (P) 039/08/2015 Thursday, March 3, 2016
    22 words
  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,726.96 +44.57 KL COMP 1,691.03 +20.21 NIKKEI 225 16,746.55 +661.04 HANG SENG 20,003.49 +596.03 SHENZHEN B 1,137.95 +28.39 DOW (10.00 EST) 16,803.06 -62.02
    27 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    236 1 Amid last year’s global macro-economic volatility, almost 6,000 people dropped out of the ultra-high net worth individuals wealth bracket a 3 per cent slide and the first annual dip since the 2008 financial crisis. TOP STORIES 2 Chinese authorities seem to finally be getting through to investors after
    236 words
  • Article, Illustration
    Lock icon Minimum trading price rule pushes 41 firms into SGX watch-list
    565 1  -  This brings total on the list to 76 firms, including those short of profit requirements By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange (SGX) has placed 41 Mainboard-listed companies on a watch-list for failing to meet the new minimum trading
    FILE PHOTO  -  565 words
  • Article, Illustration
    Lock icon Feb manufacturing PMI a letdown, points to less room for growth
    686 1  -  Observers say downside risks are likely to dampen prospects for manufacturing growth in the later half of this year By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore PROSPECTS for Singapore’s manufacturing sector are now more bearish and there is now less
    Source: Singapore Institute of Purchasing & Materials Management  -  686 words
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  • TOP STORIES
    • Article
      Lock icon Volatility knocks 6,000 out of ultra-rich club
      802 2  -  S’pore has the most ultra-high net worth individuals in Asia after HK, but the figure has dipped 8% y-o-y to 2,360 By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AMID the global macro-economic volatility last year, almost 6,000 people dropped out of the ultra-high net
      802 words
    • Article, Illustration
      Lock icon Asian govts keen on renewables despite low oil prices: Equis
      679 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore DESPITE the low oil prices, Asian governments are still keen on harnessing renewable energy for the energy security and predictability in electricity prices it provides, Asia’s largest investor and developer of renewable energy has
      PHOTO: AFP  -  679 words
    • Article, Illustration
      Lock icon Super Tuesday wins push Clinton, Trump closer to Nov 8
      828 2 Washington DEMOCRAT Hillary Clinton and Republican Donald Trump emerged from Super Tuesday as the odds-on favourites to capture their party’s presidential nominations, setting up a White House showdown between a longtime political stalwart and an electoral novice whose candidacy has
      PHOTOS: BLOOMBERG, AFP  -  828 words
    • Article, Illustration
      Lock icon Ezra’s Lee family puts Sentosa bungalow up for sale
      772 3  -  The price tag is said to be S$26m, and follows sale of a GCB by family last October By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore EZRA Holdings’ Lee family has put their waterway-fronting Sentosa Cove bungalow on the
      ARTHUR LEE, FILE  -  772 words
    • Article, Illustration
      Lock icon Unit trusts, ILPs under CPFIS gain 3 per cent in Q4
      542 4  -  But they post slight decline of 0.19 per cent for full-year 2015 By huangjy@sph.com.sg Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE unit trusts and invest-ment-linked insurance products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) generated positive returns
      Source: Thomson Reuters Lipper  -  542 words
    • Article
      Lock icon High-value industries propelling China growth: KPMG
      667 4  -  China’s economic restructuring has paved the way for its transition to a high-value economy By Wong Kai Yi kaiyiw@sph.com.sg @KaiYiBT Singapore CHINA’S economy is getting a big boost by its transition from an investment and export-led growth model to one driven by consumption and
      667 words
    • Article, Illustration
      Lock icon Daimler makes Singapore its commercial-vehicle regional centre
      491 4  -  By Samuel Ee samuelee@sph.com.sg Singapore DAIMLER Commercial Vehicles has made Singapore its South-east Asian regional centre one of six around the world to manage 18 markets. The world’s biggest commercial vehicle manufacturer owns brands such as Mercedes-Benz, Fuso and Freightliner. It used to
      PHOTO: DAIMLER  -  491 words
    • Article
      Lock icon Rice, pork and more to come from Jilin Food Zone
      716 4  -  By Grace So graceso@sph.com.sg Singapore THE Sino-Singapore Jilin Food Zone (SSJFZ) could start exporting pigs to Singapore within the next two years, having just signed an agreement with Thai giant Charoen Pokphand for its first pig farm. The SSJFZ, which
      716 words
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      Lock icon Page 3 Advertisements Column 1
      167 3 A Daimler Brand m n j. i :ni'BM l,,., w ‘*v: '*7$ .v VJ. r> mill m W fi\ V‘ MR Jg' J *T K, Win? Oj_M» > UK’I* A r I fiffiOT. 'V- il F gjSfrA3 A u'na*'® S*: 5* PS u3l§? LC 250 4MATIC Fuel consumption: 7.0-7.11/1 The
      167 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Rig incident renews concerns over SembMarine’s backlog
      658 5  -  Noble Lloyd Noble jack-up rig damage believed to be minor and its delivery in Q2 will not be affected, says yard group By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore FRESH concerns have emerged over the deliverables of Sembcorp Marine's outstanding rig building backlog
      658 words
    • Article
      Lock icon Japan and India hold promise: SocGen
      561 5  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore JAPAN and India are two Asian countries which hold investing opportunities at the moment, said Societe Generale’s recently appointed head of Asia equity strategy Frank Benzimra. The Japanese story of reforms dragging the economy out of deflation remains
      561 words
    • Article
      Lock icon Why fund management makes sense for Wing Tai now
      1034 6  -  HOCK LOCK SIEW BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT IN 2007, Wing Tai Holdings led a multinational consortium that included Germany’s SEB Immobilien-Investment, Forum Partners of the US, and Israel’s Eilam Group to create a US$1 billion real estate development and investment
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    • Article
      Lock icon Otto Marine wins deal worth up to A$94.8m
      268 6 Singapore OTTO Marine, a Singapore-headquar-tered offshore marine group, has won an offshore support vessel (OSV) charter worth up to A$94.8 million (S$95.89 million) through its wholly owned subsidiary GO Offshore Pty Ltd. The charter is for five years from May 2017 with
      268 words
    • Article
      Lock icon The new watch-list
      313 6 Ace Achieve ASTI Attilan Casa Holdings Chasen China Auto Electronics China Dairy China Great Land China Haida China Jishan China Kangda China New Town China Sports Chiwayland CSC Holdings Debao Property Enviro-Hub First Ship Lease Trust FJ Benjamin Foreland Fabrictech Fu Yu Hiap Seng Hoe Leong Interra
      313 words
    • Article, Illustration
      Lock icon Ezra share price continues to climb
      185 6 HOT STOCK Singapore EZRA Holdings continued its share price climb on Wednesday, once again finishing as the most active stock with a whopping 235.76 million shares changing hands. The stock rose half a Singapore cent or 7.25 per cent to close trading at 7.4
      Source: Bloomberg  -  185 words
    • Article
      Lock icon Keppel Land in Vietnam waterfront JV
      408 7  -  Keppel Corp unit investing US$93.9m for a 40% stake in firm undertaking development of site in Ho Chi Minh City By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore KEPPEL Land is in a joint venture to develop a 14.6-hectare waterfront site in Ho Chi Minh City
      408 words
    • Article, Illustration
      Lock icon SIA takes delivery of its first ‘game-changing’ A350-900 in Toulouse
      665 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Toulouse SINGAPORE Airlines (SIA) took delivery of its first A350-900 in France on Wednesday, with another 66 on order that will help it expand its long-haul network and strengthen its edge over competitors. The drizzly
      on Wednesday. PHOTO: DESMOND LIM/THE STRAITS TIMES  -  665 words
    • CORPORATE DIGEST
      • Article
        Lock icon Oxley Holdings
        101 7 PROPERTY developer Oxley Holdings made its biggest share buyback this year, with a block purchase of 16 million shares at 4.09pm on Wednesday at s$0.42 a share. The counter closed the day unchanged at S$0.425, with another 0.3 million shares traded at other times in the day. Oxley
        101 words
      • Article
        Lock icon Magnus Energy Group
        61 7 A GROUP of Magnus Energy shareholders has asked the company to convene an extraordinary general meeting (EGM), with a view to remove all current directors and to nominate replacements. They have also requested that the company not issue any new convertible notes. Magnus Energy received the letter
        61 words
      • Article
        Lock icon Genting Hong Kong
        70 7 CRUISE-SHIP operator Genting Hong Kong plans to spend HK$1.99 billion (S$359 million) to acquire its own cruise shipbuilding yards from a Germany-based ship manufacturer. Under an agreement with Nordic Yards, Genting Hong Kong will buy the premises used for the three shipyards in Wismar, Warnemunde and Stralsund,
        70 words
    • Article, Illustration
      Lock icon STI / Catalist
      62 8 STI Catalist Straits Times Index March 2,2016 2,726.96 +44.57 (+1.66%) Current streak 4 days Day high 2,738.57 Day low 2,713.14 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist index March 2,2016 449.69 +0.13 (+0.03%) Current streak 4 days Day high 455.75 Day low 448.48
      62 words
    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low DBXT MSUSA US$ 5065 504.8 7.7 5573/4705 SPDR DJIA US$ ***** 238.4 1.0 *****/***** DBXT E50 US$ 4270 190.7 3.3 5300/3968 DBXT China50 US$ 2620 173.9 5.0 4258/2355 DBXT MSJAP US$ 4531 162.7 2.6 5277/4031 BY PERCENTAGE CLOSE UP 52w high/low TEE Intl
      76 words
    • Article
      Lock icon LOSERS
      74 8 BY CENTS CLOSE DOWN 52w high/low Pan Ocean 300 -182.0 -37.8 560/300 GLD US$ ***** -150.0 -0.9 *****/***** DBXT S&PShort US$ 2200 -64.5 -2.0 2393/2086 IS ASIA HYG S$D 1430 -20.0 -1.4 1499/1411 SIA 1138 -12.0 -1.0 1224/957 BY PERCENTAGE CLOSE DOWN 52w high/low Asiatravel W*****5 0.5 -50.0 -0.5
      74 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      84 8 VOL CLOSE($) CHANGE Pan Ocean 0.1 3.000 -1.820 -37.76 ISR Capital 21,328.6 0.005 +0.001 +25.00 Pavillon 282.3 0.065 +0.015 +30.00 San Teh 341.2 0.240 -0.055 -18.64 Infinio 579.3 0.002 +0.001 +100.00 Trek 2000 Intl 709.2 0.196 -0.024 -10.91 China Flexpack 13.7 1.020 +0.260 +34.21 RH PetroGas 3,013.1 0.179
      84 words
    • Article, Illustration
      Lock icon STI up 1.7% on Wall Street, China rally
      624 8  -  Other major Asian bourses also advance as investors put aside jitters driven by growth slowdown and oil slump STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT WALL Street’s upbeat overnight showing spurred by comforting macro data and a rally in Chinese stocks led share
      Source: Bloomberg  -  624 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 239 unch 243/239 271 209 6.1 6277.9 CapitaLand 307 +4 310/304 379 267 12.3 2.9 *****.9 CapitaMall Trust 216 -1 224/215 228 184.5 5.2 7508.3 CityDev 767 cd +31 774/742 1095 661
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    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME Ezra 235,759,900 Rowsley 75,896,100 Nam Cheong 74,184,300 Loyz Energy 68,891,600 Rowsley W*****3 67,636,000 Market volume 2,248,984,000 VALUE DBS Grp 226,471,327 Global Logistic 91,724,890 JMH USD 83,157,285 OCBC Bank 82,667,919 Singtel 80,299,707 Market value 1,519,505,000
      37 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 2 VALUE CLOSE BT OB/OS 492.00 +231.00 BT CADI -*****.00 +144.00 BT 10-day MA -*****.00 +50.00 FTSE ST Mid Cap 661.42 +4.88 FTSE ST Small Cap 389.40 +5.22 FTSE ST All Share 673.40 +9.28 FTSE ST China Top 156.87 +1.31 FTSE ST China 188.66 +2.36 FTSE
      77 words
    • Article
      Lock icon SGX ETFs
      107 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 274 +5 1721 275/272 355/254 273/274 IS Asia BND US US1037 xd -3 338 1041/1037 1096/1010 1028/1042 IS MS INDIA US$ US620 +13 180 620/606 838/575 620/624 77.5 DBXT CSI300 US$ US782 +32 66
      107 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index March 2,2016 673.40 +9.28 (+1.40%) Current streak 4 days Day high 675.91 Day low 671.03 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 Mar 1,2016 1,572.37 +14.20 (+0.91%) Current streak 4 days Day high 1,573.99 Day low 1,556.67 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 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 1 3 0 1 0 10 2 3 Manufacturing 51 30 28 8 4 15 59 34 43 Commerce 27 8 15 5 3 4 32 11 19 Tpt/Stor/Comms 24 5 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,743 1,264 27,007 90,695 273 90,968 Manufacturing 347,566 98,288 445,854 162,506 2,129 164,635 Commerce 88,055 135,484 223,539 146,162 6,230 152,391 Tpt/Stor/Comms 374,640 2,911 377,551 195,981 246 196,226 Finance 57,817 69 57,886 408,137 8 408,145 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Q&M Dental Group | Buy
        208 8 Q&M Dental Group Buy Target price: S$0.88 March 2 close: S$0.695 Maybank Kim Eng Research, March 2 We expect Q&M to accelerate its pace of acquisitions in Singapore for 2016, as it slowed down its China expansion pending the IPO exercises. Nonetheless, we understand that there is a healthy pipeline
        208 words
      • Article
        Lock icon Wheelock Properties | Buy
        244 8  - Wheelock Properties Buy Compiled by Kenneth Lim Target price: S$2.27 March 2 close: S$1.455 OCBC Investment Research, March 2 The group’s domestic residential projects Scotts Square, The Panorama and Ardmore Three are about 82 per cent, 80 per cent and 8 per cent sold, respectively. We understand that active marketing
        244 words
    • Article
      Lock icon US$ firms on economic data, A$ big gainer
      381 9 CURRENCIES REUTERS London THE dollar traded around a one-month high against a basket of major currencies on Wednesday, after encouraging US economic data led investors to bet that the Federal Reserve may raise interest rates this year after all. With a rise
      REUTERS  -  381 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.971 4.729 0.664 5.612 48.869 95.927 0.825 8.859 3.004 1.092 75.612 34.134 1.013 11.312 0.721 23.907 25.689 0.516 0.722 Canada 1.030 4.872
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Mar 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0120 1.0130 0.7217 0.7219 Canadian dollar 1.0425 1.0436 0.7437 0.7434 Euro 1.5243 1.5258 1.0870 1.0873 NZ dollar 0.9269 0.9280 0.6610 0.6613 Sterling pound 1.9606 1.9627 1.3981 1.3986
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Mar 2 S$ Bid Offer 1-month 1.4031 1.4042 2-months 1.4041 1.4054 3-months 1.4052 1.4065 6-months 1.4084 1.4098 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        398 9 Mar 2 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 8835.00 9140.00 8827.50 9090.00 *****4 *****6 Apr16 8745.00 9037.50 8745.00 9005.00 1249 1024 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****8 *****1 Jun16 *****.00 *****.00 *****.00 *****.00 2840 9851 MSCI TAIWAN
        398 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active Mar 2 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 1.4 0.2 ***** 1 18 7 Ntegrator Intl Ltd W*****3 0.3 0.1 ***** 1 1 -7 4.67 32 DBS MB eCW*****4 16.7 2.3 8600
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 1 Index Change Change Change Change Change Change World Preliminary 1203.2 1.4 -5.8 1.1 -6.7 1.4 -5.7 EAFE Preliminary 927.6 1.1 -8.5 0.7 -9.4 0.9 -8.4 Europe Preliminary 1332.3 1.5 -5.7
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 2 $S Offer Bid 0vernight 0.10 Par 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.45 US$ 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
        65 9 Mar 2 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-21 102.01 102.01 102.01 10-Year NX*****Z 2.375 01-Jun-25 100.92 101.05 101.05 15-Year NZ*****F 2.875 01-Sep-30 102.54 102.80 102.60 20-Year NZ*****V 3.375 01-Sep-33 108.97 108.80 108.80
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Mar-1 Price Net change change Last Trade Agricultural Mar-1 CBOT Soybeans (US cents/bu) 850.75 -2.25 -0.26% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.32 -0.32 -1.04% 14/03/2016 CBOT Wheat (US cents/bu) 438.50 -6.50 -1.46% 14/03/2016 Mar-1 LIFFE Cocoa (£/tonne) 2198.00 -17.00 -0.77% 14/03/2016 LIFFE Coffee (US$/tonne) 1342.00 -33.00 -2.40%
        250 words
    • Article
      Lock icon SGX MAINBOARD
      1839 10 Transaction date: Mar 2 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 136.5 +2.5 314 136.5 134 1 8.1 867.3 MCap 175.5 101 ARA Asset Mgmt 110.5cd +4
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    • Article
      Lock icon SGX CATALIST
      329 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol 4 1.7 t Acesian Partners 3 unch 100 3 3 4.1 10.5 1 0.3 t Advanced Systems 0.3 unch ***** 0.3 0.3 7.9 Day Low Div C'vr
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    • Article
      Lock icon SGX ETF
      133 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2355 DBXT China50 US$ US2620 +124 14 2620 2570 7.2 399 190 DBXT MSBrazil US$ US234 +5 54 234 233 1750 995 DBXT MSCHINA US$ US1108
      133 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      72 5 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988 JobsBank www.jobsbank.gov.sg WDA Singapore workforce development agency l2 a nm X i o a 0 Administrative Banking Finance Hospitality Information Technology Manufacturing Professional Services
      72 words
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      450 6 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
      450 words
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      17 6 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
      17 words
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      Lock icon Page 7 Advertisements Column 1
      286 7 Leveraging Governance, Risk Management Compliance (GRC) for Competitive Advantage “GRC is not something you buy, it is something you build. Calling all GRC Professionals, Compliance Managers, Risk Professionals Internal Auditors Reports on questionable governance are on the rise yet again, not only in Asia but also the USA and Europe.
      286 words
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      Lock icon Page 7 Advertisements Column 2
      171 7 ONLY ONE OF ITS KIND. ONLY ONCE IN A LIFETIME. g a </, FIABCI Prix d’ Excellence Award 2013 •L L -t ULTIMATE PENTHOUSE FOR SALE IMMEDIATE OCCUPATION Imagine being on top of the Empire State Building with the entire New York City at your feet. Live that moment every
      171 words
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      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
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  • REAL ESTATE
    • Article
      Lock icon Mixed sentiment seen for retail property market
      746 11  -  While prime retail rents are likely to remain under pressure this year, prime rents in regional centres will likely remain resilient: Colliers By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SENTIMENT in the retail property market is expected to remain mixed in 2016 with prime
      746 words
    • Article, Illustration
      Lock icon TA launches its maiden Cambodian mixed-use project
      375 11 PROPERTY and construction group TA Corporation Ltd said some 30 per cent of residential units and 40 per cent of office units in its first mixed-use Cambodian project have been sold and reserved ahead of its launch in Singapore in the upcoming weekend.
      PHOTO: TA CORPORATION  -  375 words
    • Article, Illustration
      Lock icon Hotel slump lures buyout firms
      884 12 A potential pick-up in deals is expected after a slow start this year as market volatility creates opportunities for longer-term, value-oriented investors BLOOMBERG Seattle BUYOUT firms expect that bargains may emerge in hotel investments following the slump in US lodging stocks, suggesting a potential pick-up
      BLOOMBERG; PHOTO: BLOOMBERG  -  884 words
    • Article
      Lock icon Chinese overseas investment tops US$1 trillion
      403 12 REUTERS London CHINESE investors invested US$1.03 trillion in foreign property, stocks and bonds in the decade to mid-2015, British property services firm Knight Frank calculates in its annual Wealth Report released on Wednesday. The threat of a domestic economic slowdown is encouraging Chinese citizens
      REUTERS  -  403 words
    • Article
      Lock icon Wandervale EC’s average price set at S$755 psf
      330 14  -  Sim Lian project in Choa Chu Kang is this year’s first exec condo launch By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore AN average price of S$755 per square foot has been set for Wandervale Executive Condominium (EC) this year’s first EC launch. Prices
      330 words
    • Article
      Lock icon Jurong Country Club to appeal for higher compensation
      361 14  -  By Wong Kai Yi kaiyiw@sph.com.sg Singapore JURONG Country Club (JCC) is to appeal for higher compensation than the S$89.8 million awarded to it by the government, which is acquiring its site. At an Extraordinary General Meeting on Jan 20, JCC members authorised
      361 words
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      Lock icon Uber spends millions on new HQ in Oakland
      268 14 REUTERS San Francisco UBER’S new Oakland headquarters is about four times bigger than Internet radio service Pandora Media’s office nearby, and will house about five times the number of employees that ride-hailing competitor Lyft has at its headquarters. The on-demand ride service
      REUTERS; PHOTO: AFP  -  268 words
    • Article
      Lock icon Househunt
      1296 14 Property transactions for districts 1 to 28 with contract dates between Jan 20 and Jan 26,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 25/01/2016 99 980 2750 2807 Marina One Residences Apt 25/01/2016
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      316 12 FOODCOURTS IN PRIME LOCATIONS Faces Orchard Road and near Somerset MRT station Strata area 2,648sf/ Tenure: Freehold 4+1 stalls, water supply grease trap Tenanted, near to escalator No ABSD/SSD, foreigners eligible Corner HDB Eating House with Living Quarter at Tampines 10+1 stalls, watersupply grease trap GFA about 3,800sf plus Outdoor
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      236 12 REALTY GOLDEN WALL CENTRE Collective Sale By Tender 89 short street, s(i 8821 6) FREEHOLD Commercial Building Freehold Commercial Site adjacent to Rochor MRT station Strategically located at the fringe of Central Area Within Bras Basah Bugis Planning Area, where Urban Design Guidelines seek to create a pedestrian-friendly district with
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Go local on emerging debt: Morgan Stanley
      636 15 Unit expects domestic sovereign bonds to outperform dollar-denominated bonds BLOOMBERG Singapore SIX months after picking winners in Indonesia’s rupiah and Malaysia’s ringgit, Morgan Stanley’s asset management arm is becoming bullish on the local-currency debt of developing nations. Morgan Stanley Investment Management expects domestic
      BLOOMBERG; PHOTO: REUTERS  -  636 words
    • Article
      Lock icon Cut in African stake signals latest strategy shift by new Barclays CEO
      866 15 NYT London THE British bank Barclays said on Tuesday that it planned to cut its stake in its African business, slash its dividend and focus its strategy around two divisions: its British consumer bank and its corporate and
      NYT  -  866 words
  • Page 15 Advertisements
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      2175 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda as an exempted company limited by shares) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a special general meeting (“SGM”) of Biosensors International Group, Ltd. (the “Company”) will
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  • ENERGY & COMMODITIES
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      492 16 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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      290 16 In the Matter of The Companies Act, Cap. 50 And In the Matter of SHIODO (CP) INVESTMENT PRIVATE LIMITED (Co. Reg. No.: *****3806K) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 230, Victoria Street #12-08 Bugis Junction Singapore *****4 on
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      488 16 In the Matter of The Companies Act, Cap. 50 And In the Matter of SOLITAIRE (AMT) PRIVATE LIMITED (Co. Reg. No.: *****7173Z) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 230, Victoria Street #12-08 Bugis Junction Singapore *****4 on Monday,
      488 words
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      479 16 In the Matter of The Companies Act, Cap. 50 And In the Matter of TRENDS (AMT) PTE. LTD. (Co. Reg. No.: *****5720R) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 230, Victoria Street #12-08 Bugis Junction Singapore *****4 on Monday,
      479 words
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      140 16 The affection my parents have for each other is so rare. They are each other’s soulmates; their happy marriage has lasted beyond their diamond anniversary. But they have never made a show of being a loving couple in public. Even in private, they have rarely demonstrated their love for each
      140 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon What’s on that iPhone? Fight goes to Congress
      948 17 Apple says maintaining strong encryption is aimed at enhancing customer security WP Washington AMERICAN lawmakers on Tuesday pressed FBI director James B Comey about the bureau’s demands that Apple help it unlock an iPhone used by one of the San Bernardino attackers.
      WP; PHOTO: BLOOMBERG  -  948 words
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      Lock icon NSA chief worries about cyber attack on US infrastructure
      476 17 AFP San Francisco US National Security Agency (NSA) chief Michael Rogers warned on Tuesday that hackers will inevitably mount a cyber attack against US infrastructure, similar to the power failure in western Ukraine last year. “It’s only a matter of the
      AFP; PHOTO: AFP  -  476 words
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      737 18 5 LEVELS OF LEADERSHIP This workshop is facilitated by a local trainer, accredited by The John Maxwell Company. Are leaders born or made? Today’s multi-generational workplace are giving leaders a headache trying to find a balance between the working styles of the different generations, with very few achieving success. In
      737 words
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  • CONSUMER
    • Article, Illustration
      Lock icon AB InBev to sell SABMiller’s China JV stake for US$1.6b
      494 19 Anheuser-Busch InBev makes the sale to circumvent China’s antitrust laws AFP Shanghai THE world’s top brewer An-heuser-Busch InBev has agreed to sell SABMiller’s stake in China’s leading beermaker to the local partner for US$1.6 billion, according to a statement on
      AFP; PHOTO: REUTERS  -  494 words
    • Article
      Lock icon Olympus to pay US$646 million to end kickback, bribe probes
      521 19 BLOOMBERG New York OLYMPUS Corp has agreed to pay US$646 million to resolve US probes into kickbacks that it paid to doctors in the US and funnelled into bribes in Central and South America. The company’s US unit will pay
      BLOOMBERG  -  521 words
    • Article
      Lock icon Adidas sprints in race to sell women’s sportswear
      440 19 BLOOMBERG Frankfurt MORGAN Brill wears a three-year-old pair of Adidas cross-trainers for her work as a nurse. But when it comes to preparing for her first half-marathon, the 25-year-old probably wouldn’t buy the brand, even though she wore it as a college
      BLOOMBERG  -  440 words
    • Article
      Lock icon Cheaper healthy food could save millions
      464 19 AFP Washington SCIENTISTS have been telling Americans about the benefits of healthy eating for decades, and yet more Americans are obese than ever more than a third of the country. Now, researchers at Harvard and Tufts Universities have laid out concrete steps officials can
      AFP  -  464 words
    • Article
      Lock icon The milk you’ve never heard of rocking the dairy world
      282 19 BLOOMBERG Sydney FOR Gillian Fyvie, a splash of milk on her cereal typically led to stomach ache, bloating and a swollen tongue. Not since making the switch. Ms Fyvie’s symptoms were avoided not with soy, organic or even lac-tose-free dairy,
      BLOOMBERG  -  282 words
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      1727 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Asiatravel.com Holdings Ltd (Company Registration No. *****7534E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of the Company will be held at 743 Lorong 5 Toa Payoh, Level
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon RMB overtakes RM in Malaysia-China payments
      636 20  -  Latest SWIFT data shows use of Chinese currency jumped by 68% over last 12 months By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE Chinese yuan or renminbi (RMB) an increasingly used currency for global payments is rapidly gaining ground in Malaysia with the most recent
      636 words
    • Article
      Lock icon Japan unlikely to launch stimulus package: S&P
      445 20 REUTERS Tokyo JAPAN’S government is unlikely to be able to launch a stimulus package to support its struggling economy without raising concerns about the size of its spending, ratings agency Standard Poor’s said on Wednesday. Faced with a flagging economy, Japan is laying
      REUTERS  -  445 words
    • Article
      Lock icon West coast of Sumatra hit by quake of magnitude 7.8
      326 20 REUTERS Jakarta INDONESIA was hit on Wednesday by a massive and shallow earthquake off the west coast of Sumatra, a region devastated by the 2004 Indian Ocean quake and tsunami, and there were early reports of deaths. Tremors were also
      REUTERS  -  326 words
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      Lock icon China calms jittery investors with yuan stability, clear message
      872 20 BLOOMBERG New York CHINESE authorities seem to finally be getting through to investors after months of confusion about the nations’ economic policies helped drive a US$9 trillion global equity rout. Recent moves such as ruling out the possibility of a one-off
      BLOOMBERG; PHOTO: AFP  -  872 words
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      Lock icon Moody’s cuts outlook on China govt bonds with continued weak growth ahead
      628 20 It warns of increasing debt, further capital outflows, in its first outlook revision since April 2013 AFP Beijing RATINGS agency Moody’s on Wednesday cut its outlook on China’s sovereign bonds from stable to negative, warning of increasing government
      AFP  -  628 words
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      Lock icon Australia’s economy expandsfaster than expected
      542 21 AFP Sydney AUSTRALIA’S economy strengthened last year, supported by consumer and government spending, data showed on Wednesday, with the ter-than-expected figures raising hopes that the resources-dependent nation is emerging out of a recent slump. Economic growth expanded by 0.6 per cent in October to December
      AFP  -  542 words
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      Lock icon Japan’s megabanks declare end to yen’s four years of depreciation
      730 21 Trio expects the yen, which has grown in its safe-haven appeal, to end the year stronger than where it started BLOOMBERG Tokyo JAPAN’s megabanks are calling time on the yen’s four years of depreciation, a blow to Haruhiko Kuroda’s chances
      BLOOMBERG  -  730 words
    • Article
      Lock icon Private consumption fuels Swiss growth
      570 21 BLOOMBERG Zurich THE Swiss economy returned to growth at the end of last year as it fought off the impact of a currency shock that had threatened to push the country into a recession. Gross domestic product (GDP) increased 0.4 per cent in the three
      BLOOMBERG  -  570 words
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      Lock icon ECB plays down effects of negative interest rates on banks
      371 21 AFP Frankfurt THE European Central Bank (ECB) on Wednesday sought to counter claims by eurozone banks that negative interest rates were hurting their profitability. ECB executive board member Benoit Coeure told a financial congress in Frankfurt that “we need to
      AFP  -  371 words
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      76 20 MY LAST DAY AS A SURGEON Excerpt from Dr Paul Kalanithi’s book When Breath Becomes Air. He was diagnosed with lung cancer in 2013 and died on March 9, last year INDIA’S BUDGET ANALYSED BY PwC SINGAPORE EXPERTS GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR
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  • Page 21 Advertisements
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      1700 21 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices THE TRENDLINES GROUP LTD. (Incorporated in Israel) (Company Registration No. *****0947) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of The Trendlines Group Ltd. (the “Company”) for the financial year ended 31 December 2015 (the
      1,700 words
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  • TRANSPORT
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      Lock icon Airbus remains upbeat on China market
      583 22  -  European maker opens delivery centre in Tianjin for wide-body aircraft; expectations are that China’s aviation market will grow by double digits in the next 10 years By Virginie Mangin btworld@sph.com.sg Beijing EUROPEAN aircraft manufacturer Airbus has inaugurated a delivery centre in Tianjin for wide-body
      PHOTO: AFP  -  583 words
    • Article, Illustration
      Lock icon Boeing exec says new mid-market jet is a ‘tough business case’
      479 22 REUTERS Phoenix BOEING Co is studying options for an aircraft in the middle of the jet market, but faces a “tough business case,” marketing vice-president Randy Tinseth said. Speaking at the Istat Americas air finance conference, he ruled out
      REUTERS; PHOTO: REUTERS  -  479 words
    • Article
      Lock icon Volvo boss says hybrid cars will compete on cost with diesel
      548 22 REUTERS Geneva TIGHTER emissions rules in Europe will push up the price of diesel-en-gined cars to the point where plug-in hybrids will become an attractive alternative, Volvo CEO Hakan Samuelsson said on Tuesday. The average carbon dioxide emissions limit
      REUTERS  -  548 words
    • Article
      Lock icon VW’s era of humility starts with questioning the value of cars
      459 22 BLOOMBERG Berlin VOLKSWAGEN AG, seeking a way out of the emissions-cheating scandal, is trying hard to show it has changed. The embattled German carmaker abandoned its tradition of kicking off a major car show with an opulent reception. Instead
      BLOOMBERG  -  459 words
    • Article
      Lock icon OSV market all set for consolidation, say owners
      328 22 REUTERS Oslo A GLUT of offshore supply vessels (OSVs) and falling demand from oil firms will trigger a restructuring of the still-fragmented industry, two of the largest owners of the specialty ships told Reuters on Tuesday. With crude prices down more than
      REUTERS  -  328 words
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      109 22 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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      898 23 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
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  • OPINION
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      Lock icon Brokers can play a role in tracking engineered trading volumes in market
      562 24 EDITORIAL IN an interview published in The Business Times this week, the chief regulatory officer of the Singapore Exchange (SGX) Tan Boon Gin made it clear that from the exchange’s perspective as a frontline regulator, prevention is better
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      Lock icon Growing Singapore’s biomedical R&D
      1113 24  -  A call for more private-sector investments in biomedical R&D efforts as private expenditure on R&D remains below target. BY HARVEY KOENIG AND AJAY SANGANERIA SINGAPORE BUDGET 2016 BY HARVEY KOENIG, AJAY SANGANERIA T Harvey Koenig is partner and head of Asean Incentives Advisory, and Ajay Sanganeria,
      PHOTO: BLOOMBERG  -  1,113 words
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      Lock icon France could seize on the chance of a British ‘no’
      804 24  -  THE BOTTOM LINE By Jacques Lafitte T The writer is chief executive of Avisa Partners, Brussels, and a former aide to Yves-Thibault de Silguy, the European Commissioner responsible for introducing the euro in 1999 Brussels FORMER French President Charles de
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      Lock icon Bloomberg waits in wings as Clinton, Trump savour wins
      1130 25  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy, and Strategy) at the London School of Economics SUPER Tuesday brought former Secretary of State Hillary Clinton and billionaire businessman Donald Trump
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      Lock icon TRUMPER TUESDAY
      1428 25  -  Establishment fails to derail Trump; but Cruz and Rubio stay alive By Leon Hadar Washington THEY threw everything but the kitchen sink on The Donald before the fateful Super Tuesday presidential primaries, suggesting that Mr Trump was buddy-buddy with the Ku Klux Klan, that he had ties to
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  • LIFE & CULTURE
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      Lock icon In a bigger room, Adele commands with her gravitas
      798 26 Once daunted by arenas, the North Londoner recently joked on stage: “I could get used to this” NYT Belfast ADELE is not daunted by arenas anymore. On Monday night she started a world tour here at the SSE Arena Belfast, announcing
      NYT  -  798 words
    • Article
      Lock icon US bishops hid abuse of hundreds of children: grand jury
      651 26 Report uncovers “secret archive” of damning evidence in boxes in Pennsylvania church AFP New York TWO American bishops spent four decades covering up sexual abuse of hundreds of children at the hands of 50 Catholic priests and clerics in Pennsylvania,
      AFP  -  651 words
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      Lock icon Rolling Stones to play in historic free concert in Havana
      666 26 AFP London THE Rolling Stones on Tuesday announced a free concert in Cuba in what is likely to be one of the biggest shows ever, both for the island and the rock legends. The March 25 concert will take place
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  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      302 26 CRYPTIC CROSSWORD Across 1 Wager involving question put to everyone after British game (10) 6 Hit low, mostly, and hard (4) 10 Ardour lit? Oddly, being mature (5) 11 Type of cricket clue, along with last (3-3-3) 12 Rat on criminal, cheat and twister (7) 13 Endurance of man? It’s
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