The Business Times, 5 March 2016

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Microfilm: NL33802
Total Pages: 49
1 12 The Business Times
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      46 1 THE BUSINESS TIMES WEEKEND MARCH 5-6 2016 BT Living HANDS-ON APPEAL More are designing and making their own products L2-3 DINING Off the beaten track L4-6 HEALTH Heart attacks deadlier to women L7 STYLE Fashion for hire L8-9 MOTORING A new Dawn L10 PHOTO: AMADO GUDEK
      46 words
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  • DESIGN
    • Article, Illustration
      Lock icon Hands-on appeal
      1767 2 / 3  -  Singapore’s first Design Make Fair aims to showcase the growing number of people designing and making their own products. BT Weekend speaks to four makers about this growing trend. By Avanti Nim By Avanti Nim avantin@sph.com.sg WHETHER it’s down to necessity or a simple need to get back
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      160 4 / 5 12-15 April 2016 Singapore Expo,Hall10 International Trade Fair for Wines and Spirits l\ ProWine For trade visitors only VISIT THE INAUGURAL PROWINE ASIA 2016 IN SINGAPORE! Newest addition to ProWein World world's leading wines spirits trade fairs More than 300 established wineries and distributors from 20 countries 16 group pavilions
      160 words
  • DINING
    • Article, Illustration
      Lock icon Off the beaten track
      1013 4 / 5  -  BT Weekend finds out if neighbourhood European restaurants can survive and thrive in out-of-the-way locations By Tan Teck Heng, Rachel Loi LOCATION, location, location. It’s the fail-safe mantra of both property buyer and F&B operator when it comes to making their investments pay off. But when
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    • Article, Illustration
      Lock icon Street food, Italian style
      428 4 / 5  -  By Rachel Loi iO Italian Osteria 4 Hillview Rise, #02-01 Z6710 7150 http://io-osteria.com Open 10am to 10pm daily STREET food in South-east Asia usually refers to affordable local fare sold out of pushcarts. However, in Italy, it’s a term for dishes that are unique to each
      PHOTOS: IO ITALIAN OSTERIA  -  428 words
    • Article, Illustration
      Lock icon Humble beginnings
      468 6  -  By Tan Teck Heng thtan@sph.com.sg PocoLoco 408 Ang Mo Kio Ave 10, #01-779 Z8436 3363 enquiry@pocoloco.com.sg www.pocoloco.com.sg Opens 12pm-3pm, 6pm-10pm daily THE Saveur group may have given up on its casual Italian concept Concetto, but new contender PocoLoco might just take its place. As with Saveur’s humble beginnings
      PHOTOS: YEN MENG JIIN  -  468 words
    • Article
      Lock icon wine & dine
      289 6 wine dine with BT Weekend Lobby Lounge Pan Pacific Orchard 10 Claymore RoadZ6831-6685 Executive Smart Lunch and Signature Set Dinner The Lobby Lounge at Pan Pacific Orchard is delighted to present its Executive Smart Lunch and Signature Set Dinner, crafted to bring you a seamless, gourmet dining experience. Both three-course
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    • Article, Illustration
      Lock icon Joining in the fray
      429 6  -  By Rachel Loi @RachelLoiBT rachloi@sph.com.sg Horizon Bistronomy 456 Alexandra Road Z6274 3655 Open Mon to Fri, 11am 11pm SAVEUR and Immanuel French Kitchen have been bringing affordable French food to the masses for awhile now but a little over a year ago, a new entrant silently
      PHOTOS: HORIZON BISTRONOMY  -  429 words
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  • HEALTH
    • Article, Illustration
      Lock icon Heart attacks deadlier to women
      1552 7  -  More women than men die after a heart attack; understanding the reasons and taking proper measures can help reduce the risks Michael Lim IT IS a common perception that heart attacks affect mainly men. However, in the last three decades, death from heart attacks has
      PHOTO: REUTERS  -  1,552 words
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  • STYLE
    • Article, Illustration
      Lock icon Fashion for hire
      1391 8 / 9  -  Rather than be stuck with a tote that has lost its ‘It’ status or statement dress that is so last-season, fickle fashionistas are taking to online rental outfits to lease a trending look. By May Yip By May Yip COMMITMENTphobes,rejoice.Apart from being a bl e t o
      1,391 words
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  • MOTORING
    • Article, Illustration
      Lock icon A New Dawn
      337 10  -  The super luxurious, open-top Rolls-Royce Dawn has been unveiled in South-east Asia. By Samuel Ee samuelee@sph.com.sg SENTOSA Cove was the appropriate venue for the launch of a new super luxury model this week the Rolls-Royce Dawn. The convertible version of the Wraith coupe is a full four-seater,
      337 words
    • Article, Illustration
      Lock icon Fresh new Aston Martin
      232 10  -  By Samuel Ee samuelee@sph.com.sg AFTER numerous leaks, the highly anticipated Aston Martin DB11 was unveiled in Singapore at the same time as it broke cover at the Geneva Motor Show. More than 200 invited guests thronged Wearnes Automotive’s Leng Kee Road showroom earlier this week for
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    • Article, Illustration
      Lock icon AT THE 4FRONT
      643 11  -  The Audi A4, with its new interior and platform architecture, marks the next generation of cars. cars.By Samuel Ee samuelee@sph.com.sg ASK Audi what’s new about the latest A4 saloon and the answer might just be: Everything. The reply won’t be completely facetious either because the ninth generation
      643 words
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  • SPORTS
    • Article, Illustration
      Lock icon EPL title race that’s too close to call
      907 12  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THE results of the mid-week fixtures in the English Premier League (EPL) were shocking, to put it mildly. The top four teams all inexplicably failed to win their respective games. With just ten matches
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www.b sinesstime .com.sg| MARCH 5-6, 2016 S$1.20| MCI (P) 040/08/2015 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon Samsonite bags Tumi in US$1.8 billion deal
    638 1  -  The two brands seen as perfect fit in terms of market positioning and geographical reach By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SAMSONITE International has bagged US-based competitor Tumi in a US$1.8 billion deal that will give the world’s largest luggage maker a foothold
    BT Graphics: Nisha Ramchandani & Lynette Neo  -  638 words
  • Article
    Lock icon Rivals undeterred by Rakuten’s exit from Singapore
    749 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore RAKUTEN’S exit from Singapore this month may have left Japan-loving consumers and merchants dispirited, but the overall e-com-merce sector here continues to see a future in the business, local players and investors told The Business Times. HipVan,
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  • Article
    Lock icon Focus of Budget 2016
    35 1 SINGAPORE ECONOMY THE upcoming Budget will look at how to help companies cope with the current economic downturn, while assisting all stakeholders to navigate new landscapes as Singapore's economy transitions. 4
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  • Article
    Lock icon Self-imposed glass ceiling
    33 1 WOMEN EMPOWERMENT STATISTICS are clear that women are still a minority when it comes to leadership in both the political and commercial sectors. But women are selling themselves short. 7
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  • Article
    Lock icon Bucking the losing trend
    28 1 SHIPPING SINWA stands out as the rare Singaporelisted industry player to have stayed profitable in an unfavourable macro environment for the O&M sector. 10
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  • Article
    Lock icon Stocks not pricey
    25 1 DEVELOPED MARKETS AS markets recover, developed-world stocks in the US and Europe are still not expensive while bonds are, says Rothschild. 14
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      51 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-29 Wealth 30 Life Culture 31 LIVING Design L2-3 Dining L4-6 Health L7 Style L8-9 Motoring L10-11 Sports
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,837.00 (+49.38) GSTI FUTURES 2,840.00 (+53.00) GSIMSCI 319.36 (+6.10) GSIMSCI FUTURES 320.40 (+6.60) STOCKS Friday Change KL COMP 1,692.49 +4.29 NIKKEI 225 17,014.78 +54.62 HANG SENG 20,176.70 +234.94 SET 1,379.53 +0.20 JAKARTA 4,850.88 +6.84 MANILA 6,899.07 -64.37 KOSPI 1,955.63 -2.54 SHENZHEN B 1,117.78 -13.72 MUMBAI 24,646.48 +39.49 10.45
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      Lock icon China’s Congress meets as economy slows down
      589 2  -  Premier Li will set growth targets and offer update on China’s reforms By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S National People’s Congress convenes on Saturday, even as grey clouds gather on the outlook of the world’s second largest economy. China’s 3,000 or so delegates
      PHOTO: BLOOMBERG  -  589 words
    • Article
      Lock icon Budget 2016 to focus on slowdown, economic transition: Heng Swee Keat
      602 4  -  Need to help SMEs and workers on ‘restructuring journey’ By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE upcoming Budget will look at how it can help companies cope with the current economic downturn, even as it looks towards assisting all
      602 words
    • Article
      Lock icon Deals site Ensogo axes staff as it shifts to marketplace model
      508 4  -  By Wong Kai Yi kaiyiw@sph.com.sg @WongKaiYiBT Singapore ENSOGO Singapore formerly known as deal.com.sg has laid off 22 of its 96 staff in Singapore, most of them from its services team as the company transitions from services to a marketplace
      508 words
    • Article
      Lock icon Global slump in luxury watch sales hitting closer to S’pore
      653 5  -  Swiss watch exports to the Republic plunges 22.6% in January By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE dip in global sales of Swiss luxury watches last year, the first yearly drop since the 2009 recession, may have finally caught
      653 words
    • Article
      Lock icon Ranhill retail investors to get partial refund
      575 5  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur RETAIL subscribers to Ranhill Holdings Bhd’s initial public offering (IPO) will be returned nearly a third of the subscription price after a book-building exercise lowered the institutional price to RM1.20 (S$0.40) a share from the RM1.70 paid
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    • Article, Illustration
      Lock icon Wong Partnership appoints another deputy chairman
      268 5  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE law firm WongPartnership has named Rachel Eng deputy chairman the first time the firm is having two such appointments in its 24-year history. Ms Eng started serving in her new role from March 1 alongside Senior Counsel
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    • Article
      Lock icon Older used cars in demand on COE, Budget hopes
      515 6  -  Another concern of those choosing an older car is the economic situation By Samuel Ee samuelee@sph.com.sg MORE replacement buyers are snapping up cheaper and older used cars in the hope that certificate of entitlement (COE) premiums fall further and the upcoming
      515 words
    • Article
      Lock icon New tribunal to handle salary-related claims capped at S$20,000: CJ Menon
      581 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore EMPLOYERS and their hires who have salary-relat-ed disputes of a limited amount can soon seek expeditious and affordable help from the Employment Claims Tribunal (ECT) when it is set up this year. This
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    • Article
      Lock icon Push to raise inclusivity for disabled at workplace
      414 6  -  By Wong Kai Yi kaiyiw@sph.com.sg @WongKaiYiBT Singapore A TRIO of students have embarked on a mission to spread awareness about persons with disabilities (PWDs) and to champion their contribution to employers. Creatively titled ‘More Than Dis’, the campaign aims to strengthen the
      414 words
    • Article, Illustration
      Lock icon Women, stop hobbling yourselves
      1173 7  -  There’s no reason why they can’t climb the corporate ladder all the way up to the boardroom CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg @VivienShiaoBT LET’S face it: men still call the shots in many workplaces here. Progress has inched in the right direction, but statistics
      ILLUSTRATION: LUDWIG ILIO  -  1,173 words
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      206 3 0 X A <:• 2*. ."-C" ft, w \s > fmdK m Oi3 0':T', <• a®* V. .*a j <T" '/IV i' L r- V B\ 4 -v\ V/ v V«?'<'*■' I J-i W Majesty 1 m 1 w* v Lo, w jr.* A fe IV1R-G x«7®r 1 5 The
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      61 6 NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 NERANTI INVESTMENTS LIMITED (The “Company”) NOTICE OF LIQUIDATOR’S APPOINTMENT Notice is hereby given pursuant to Section 204(1 )(a)(i) that David Gaskell of 1 st Floor, Block B, Ruisseau Creole, Black River, Mauritius has been appointed liquidator of the Company by a resolution of
      61 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Flying high with Major Tom
      2499 8 / 9  -  Despite headwinds in the global economy, Airbus chief Thomas Enders is confident of the future as he drives the planemaker towards becoming a truly international company. By Nisha Ramchandani By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT FROM where Airbus Group chief Thomas Enders is sitting, things must
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Sinwa bucks O&M sector’s losing streak
      632 10  -  Not only did it stay afloat, it grew its net profit year on year by 14.2% By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MARINE supplies-and-logistics services provider Sinwa stands out as the rare Singapore-listed industry player to have stayed profitable in an unfavourable macro
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    • Article, Illustration
      Lock icon Noble gains big, shrugs off STI exclusion
      267 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SHARES of commodities firm Noble Group surged on Friday amid heavy trading, despite it being struck off the list of constituents that make up the Straits Times Index (STI). Noble gained 4 Singapore cents or 10.5 per
      Source: Bloomberg  -  267 words
    • Article
      Lock icon Firms that bought own shares outperformed market in Feb
      309 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE companies that bought back their own shares in February outperformed the general market during the month. On average, the companies that performed share buybacks in February saw their share prices improve by 2.55 per
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    • Article, Illustration
      Lock icon Banks propel STI up 7% over the week as index stocks dominate volume
      550 11  -  stocks R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent ONE of the most strident complaints about the local stock market is that it is a perennial underperformer, lacking in liquidity and excitement, when compared to Hong Kong. This may
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    • Article
      Lock icon GAINERS
      78 11 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 7993 593.4 5.7 9094/6250 GLD US$ ***** 361.0 2.2 *****/***** DBXT STGLDv US$ 2972 179.8 4.6 3251/2731 DBXT Nifty50 ETF10 ***** 142.5 0.9 *****/***** DBXT China50 US$ 2672 71.9 2.0 4258/2355 BY PERCENTAGE CLOSE UP 52w high/low DBS MB eCW*****4
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    • Article
      Lock icon MOST ACTIVE
      34 11 VOLUME Noble 219,734,200 Ezra 151,103,200 StratechGroup 100,434,900 Tech Oil Gas 72,164,800 Vallianz 67,340,800 Market volume 2,221,596,000 VALUE DBS Grp 230,398,242 OCBC Bank 115,805,070 UOB 114,197,578 Noble 87,993,652 Singtel 80,067,496 Market value 1,749,270,000
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    • Article
      Lock icon LOSERS
      78 11 BY CENTS CLOSE DOWN 52w high/low JMH USD 5649 -170.1 -2.1 6598/4500 DBXT S&P Short US$ 2175 -23.5 -0.8 2393/2086 SIA 1136 -19.0 -1.6 1224/957 CityDev 760 -16.0 -2.1 1095/661 UOB MB ePW*****4 13.2 -10.8 -45.0 24/11.4 BY PERCENTAGE CLOSE DOWN 52w high/low CompactMetal W*****0 0.2 -80.0 -0.8 3.2/0.2
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    • Article
      Lock icon SPDR STI most active ETF in the month-to-date
      420 11  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore REFLECTING the recovery in Singapore stocks, the SPDR Straits Times Index (STI) ExchangeTraded Fund (ETF) was the most active ETF in the month-to-date, and the second-most active year-to-date. The STI has also gained almost 11 per
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    • Article
      Lock icon STI STOCKS
      313 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 +3 244/241 271 209 6 6409.2 CapitaLand 317 +2 319/314 379 267 12.7 2.8 *****.4 CapitaMall Trust 217 +4 218/213 228 184.5 5.2 7543 CityDev 760 cd -16 783/760 1095 661
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    • Article
      Lock icon SGX ETFs Most Active
      108 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 284 +6 998 285/279 355/254 284/285 IS MS INDIA US$ US635 +3 269 641/634 827/575 635/638 79.4 DBXT CSI300 US$ US795 +8 69 796/786 1471/700 793/795 Nikko AM STI ETF 290 +5 57 290/287
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      803 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 29 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Acesian Partners Ltd 02-Mar-16 Loh Yih Buy 100 0.03 6619 1.90 6719 1.93 Ezion Hldgs 02-Mar-16 Chew
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 3 1 0 0 9 3 3 Manufacturing 42 31 31 8 4 13 50 35 44 Commerce 22 17 11 6 3 4 28 20 15 Tpt/Stor/Comms 19 10 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 42,289 2,703 44,992 113,939 603 114,543 Manufacturing 205,281 126,174 331,455 155,442 5,364 160,806 Commerce 248,313 91,055 339,368 208,717 4,155 212,872 Tpt/Stor/Comms 300,785 323 301,108 252,947 27 252,974 Finance 46,177 94 46,271 492,909 14 492,923 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Mar 4 VALUE CLOSE BT OB/OS 489.00 +65.00 BT CADI -*****.00 +102.00 BT 10-day MA -*****.00 +49.00 FTSE ST Mid Cap 678.88 +10.40 FTSE ST Small Cap 394.96 +3.36 FTSE ST All Share 693.90 +8.77 FTSE ST China Top 161.49 +3.10 FTSE ST China 192.60 +3.50 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 12 VOL CLOSE($) CHANGE Soon Lian 40.0 0.100 +0.037 +58.73 M Development 1,948.0 0.003 +0.001 +50.00 Serrano 335.2 0.043 -0.010 -18.87 Chinese Global 55,486.7 0.026 +0.005 +23.81 Europtronic 11,223.3 0.004 +0.001 +33.33 Lion Asiapac 15.0 0.290 +0.040 +16.00 Charisma Energy 64,051.7 0.014 +0.002 +16.67 Magnus Energy 41,513.1 0.003 -0.001
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Mar-3 Price Net change change Last Trade Agricultural Mar-3 CBOT Soybeans (US cents/bu) 856.25 2.00 0.23% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.41 0.24 0.80% 14/03/2016 CBOT Wheat (US cents/bu) 453.25 10.50 2.37% 14/03/2016 Mar-3 LIFFE Cocoa (£/tonne) 2185.00 -7.00 -0.32% 14/03/2016 LIFFE Coffee (US$/tonne) 1366.00 8.00 0.59%
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    • Article
      Lock icon PALM OIL
      57 13 Mar 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 16 2470.0 2464.0 2481.0 2463.0 146 3550 Apr 16 2505.0 2493.0 2514.0 2491.0 1444 ***** May 16 2517.0 2507.0 2531.0 2503.0 ***** ***** Jun 16 2513.0 2493.0
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      Lock icon GOVERNMENT SECURITIES
      65 13 Mar 4 Source: Monetary Authority of Singapore GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.57 100.65 100.63 5-Year NX*****X 2.250 01-Jun-21 102.37 102.45 102.40 10-Year NX*****Z 2.375 01-Jun-25 101.64 101.80 101.45 15-Year NZ*****F 2.875 01-Sep-30 103.45 103.70 103.25
      Source: Monetary Authority of Singapore  -  65 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Mar 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0191 1.0200 0.7368 0.7373 Canadian dollar 1.0305 1.0311 0.7453 0.7451 Euro 1.5145 1.5152 1.0950 1.0953 NZ dollar 0.9341 0.9349 0.6754 0.6758 Sterling pound 1.9586 1.9596 1.4161 1.4165
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    • Article, Illustration
      Lock icon STOCK MARKETS
      118 13 Straits Times Index Source: Bloomberg YTD change: -1.59% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: -7.93% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite
      Source: Bloomberg  -  118 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      206 13 Most active Mar 4 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 13.6 3.7 ***** 0.1 1480 4 Rowsley Ltd W*****3 1.3 unch ***** 1 18 7 KepCorp MB eCW*****2 14.1 2.1 7770 0.2 680
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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 Mar 3 Index Change Change Change Change Change Change World Preliminary 1216.9 -0.1 -4.8 -0.6 -6.3 0.2 -4.3 EAFE Preliminary 942.9 0.3 -7.0 0.2 -8.0 1.0 -6.1 Europe Preliminary 1332.2 -0.3 -5.7
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    • Article
      Lock icon SIA draws its Tiger cub into the fold
      484 14  -  Airline chief Goh Choon Phong says the budget carrier will be fully integrated into the SIA Group By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) is scooping up the rest of Tiger Airways and seeking to align the budget carrier more
      484 words
    • Article
      Lock icon Developed markets still not expensive: Rothschild
      301 14  -  By haoxiang@sph.com.sg Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS markets recover, devel-oped-world stocks in the United States and Europe are still not expensive while bonds are, said Kevin Gardiner, global investment strategist at boutique wealth manager Rothschild Wealth Management, which has 21 billion euros (S$31.8
      301 words
    • Article
      Lock icon Nomura, UOB said to weigh offers for Barclays unit
      304 14 Bloomberg Singapore NOMURA Holdings Inc and United Overseas Bank Ltd (UOB) are among the banks considering bids for Barclays plc’s Singapore and Hong Kong private-wealth business, according to people familiar with the matter. Second-round bids for the British lender’s unit are
      Bloomberg  -  304 words
    • Corporate digest
      • Article
        Lock icon Franklin Resources
        81 14 US FUND manager Franklin Resources has become a substantial shareholder of Sembcorp Marine (SembMarine) after its two funds Templeton International and Templeton Worldwide bought S$1.82 million in additional shares in the yard group on March 2. In a regulatory filing, Franklin Resources said it has raised its total
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      • Article
        Lock icon Sinjia Land
        137 14 SINJIA Land formerly known as HLN Technologies on Friday announced its plan to invest S$2 million in Fortune Asia Long Short Fund. It will subscribe for 20,000 Class A redeemable participating shares at S$100 per share, to be funded by internal resources. The fund an open-ended fund structured
        137 words
      • Article
        Lock icon Perennial Real Estate Holdings
        74 14 GEORGE Quek Meng Tong has agreed to sell 3,345,324 ordinary shares in PRE 3 Investments for S$5.8 million to Perennial Real Estate Holdings’s wholly-owned subsidiary, Perennial Singapore Investments Holdings. On completion, PRE 3 will become an associated company of Perennial Real Estate. The latter’s acquisition is
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      31 14 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      31 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Camden Park bungalow plots owned by late-ACS principal on market
      528 15  -  Guide price is S$35m for both properties, which Earnest Lau had bequeathed to a church By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore TWO adjacent bungalow plots in the Camden Park Good Class Bungalow (GCB) Area near the Botanic Gardens that used
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    • Article
      Lock icon Wang expands movie empire with Carmike buy
      728 15 Bloomberg New York AMC Entertainment Holdings Inc, controlled by China’s richest man, has agreed to buy Carmike Cinemas Inc in a US$1.1 billion all-cash deal that would create the world’s largest cinema chain. AMC, majority-owned by billionaire Wang Jianlin’s Dalian Wanda Group Co,
      Bloomberg  -  728 words
    • Article
      Lock icon Milan eclipses Rome in home sales
      166 15 Bloomberg Rome MILAN and Rome were the best and worst major Italian cities for home sales last year, revealing a widening economic gap between the country’s capital and its financial centre. Residential transactions rose 13.4 per cent in Milan last year while sales in
      Bloomberg  -  166 words
    • Article
      Lock icon Househunt
      1185 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 20 AND JAN 26, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’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 99
      1,185 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Buyers welcome HSBC’s holding company debt
      643 17 It could encourage foreign banks to tap US market to meet new regulatory requirements IFR New York A STRONG response to HSBC’s US$7 billion senior holding company bond earlier this week is expected to encourage other foreign banks to tap the US market to
      IFR; PHOTO: REUTERS  -  643 words
    • Article
      Lock icon This private bank won’t ask you to bring clients
      655 17 Bloomberg Hong Kong AS the largest wealth manager for China’s millionaires races to hire bankers, there’s one question it won’t ask prospective employees: can you bring any clients? That consideration a standard one for private banks in most markets is irrelevant
      Bloomberg  -  655 words
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      481 17 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ABB TREASURY CENTER (ASIA PACIFIC) PTE LTD Co. Reg. No. *****2432D MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 26th day of February 2016, the following special resolution was duly passed:
      481 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Counting oil flow can be a crude science
      808 18 But competing analysis of that data often results in different outcomes Bloomberg London JUDGING the supply of the world’s most important commodity often comes down to a good set of binoculars. In a world of Twitter, iPhones and instant information, determining how
      Bloomberg; PHOTO: AFP  -  808 words
    • Article
      Lock icon Exxon is first US oil major to export American crude: sources
      486 18 It joins band of independent traders trying to ease glut Bloomberg New York EXXON Mobil Corp has become the first major US oil company to ship American crude overseas, joining a band of independent traders that are trying to
      Bloomberg  -  486 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Resistance to accessing terrorist’s phone grows
      795 19 Several tech companies are worried about the impact that Apple’s case will have on privacy WP Washington LESS than three weeks before Apple and the Justice Department bring their fight to a California courtroom, a wave of major technology firms and outside groups have
      WP; PHOTO: REUTERS  -  795 words
    • Article
      Lock icon Artificial ‘octopus skin’ enables robots to bend, change colour
      611 19 WP Washington IMAGINE a wearable smartphone that could bend and stretch with your body, all while displaying a glittering array of colours. That’s the eventual goal of this new octopus-inspired robotic “skin” from researchers at Cornell. It can stretch to six
      WP  -  611 words
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  • CONSUMER
    • Article, Illustration
      Lock icon adidas is being saved by Pharrell, not Kanye
      629 20 Pop star helped sell 15m pairs of Superstars Bloomberg New York ADIDAS AG executives are decidedly happy these days, thanks to Pharrell Williams. While they were throwing euros at Kanye West and letting him run amok in the design department, the sober
      Bloomberg; PHOTOS: BLOOMBERG, AFP  -  629 words
    • Article, Illustration
      Lock icon Why a US$15,950 tourbillon watch is considered a steal
      698 20 NYT New York WITH a price tag of US$15,950, the new Carrera Heuer-02T wristwatch from TAG Heuer a brand often associated with “starter” Swiss luxury watches under US$3,000 may strike budgetminded consumers as “mind boggling”, as one watch site, Monochrome, put
      NYT  -  698 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Nasa sees market for supersonic aircraft
      720 21 Agency says technology is primed for a leap forward, but the question is whether commercial jet makers and airlines will follow its lead Bloomberg Dallas SINCE the dawn of the Jet Age, airline travel has evolved radically save for one aspect: We still fly
      Bloomberg; PHOTO: BLOOMBERG  -  720 words
    • Article, Illustration
      Lock icon Airbus touts 400-seat ‘A350-8000’ jetliner
      771 21 Reuters Phoenix, Arizona AIRBUS is seeking airline support for a new 400-seat jetliner provisionally dubbed the “A350-8000” as competition escalates with Boeing over the world’s largest two-engined jets, airline and aviation industry sources said. After talking up the possibility of a new member of its
      Reuters  -  771 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Non-farm payrolls surge in February
      557 22 Numbers boost prospects of Fed rate hike, ease recession fears LATEST US DATA Reuters Washington US employment gains surged in February, the clearest sign yet of labour market strength that could further ease fears the economy was heading into recession and allow the Federal Reserve
      Reuters; PHOTO: BLOOMBERG  -  557 words
    • Article, Illustration
      Lock icon From migrants to ‘Brexit’, risks to the euro are stacking up
      871 22 Bloomberg London IT’S not only European Central Bank (ECB) stimulus that has the potential to hurt the euro. From the possibility that Britain might leave the European Union (EU) and the impact of refugees flooding the region, to concerns
      Bloomberg; PHOTO: REUTERS  -  871 words
    • Article, Illustration
      Lock icon Indonesia plans to create startup IPO market
      791 23 Move comes as the country pursues its vision of becoming a regional cradle of technology entrepreneurs Bloomberg Jakarta INDONESIA plans to establish a dedicated section within its main stock exchange to host initial public offerings (IPOs) by startups, as South-east Asia’s largest country
      Bloomberg; PHOTO: AFP  -  791 words
    • Article
      Lock icon Help from the Cambodian PM on Facebook
      503 23 Reuters Phnom Penh UNABLE to pay his way out of jail, Kong Chamroeun was remanded in a Cambodian prison pending trial for stealing US$80 of company property, a crime his family said he did not commit. “We had nothing, just empty hands,” said
      Reuters  -  503 words
    • Article, Illustration
      Lock icon Sluggish China looks to Reagan, Thatcher for growth solutions
      1161 24 Xi is calling his next big economic initiative ‘supply-side structural reform’ NYT Beijing WITH the world looking to China for assurance that it can manage its slowing economy and tumultuous stock market, President Xi Jinping has begun pushing a remedy that
      NYT; PHOTO: REUTERS  -  1,161 words
    • Article, Illustration
      Lock icon India offers cut-price cures for foreigners
      878 25 Country has earned a nickname as “the pharmacy to the developing world” for its tough stance on patents AFP New Delhi WHEN doctors told Australian Greg Jefferys he had Hepatitis C and the disease was destroying his liver, the devastating diagnosis was compounded by
      AFP; PHOTO: AFP  -  878 words
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      46 23 H O T PR O PERTY A1 LIVING Siglap 4+1 Sky pool., Full basement. Level 2 Living Dining. SERIOUS SELLER! BUNGALOW Elliot Walk. Land 4349sf. 3.5 storey. 7+1+1. $5.9m nett! LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
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  • OPINION
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      Lock icon How European and Asian firms grow
      1093 26 / 27  -  The globalisation strategies for Asian family firms differ greatly from their Western counterparts. By Marleen Dieleman By Marleen Dieleman ~The writer is Associate Professor of Strategy Policy at National University of Singapore (NUS) Business School ASIAN family firms are becoming increasingly prominent players in
      1,093 words
    • Article
      Lock icon Who is a good leader?
      928 26 / 27  -  By Sanjeev Nanavati ~The writer is a senior adviser to the Asian banking practice of a leading global management consulting firm, a Big Four accounting firm and adviser to the chairman of a publicly listed company. Until recently he was the longest-serving CEO of Citibank
      928 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Fortress bets on Japan property
        1086 28 / 29  -  The fund manager plans to invest bulk of its third US$1.1 b Japan fund in hotels, says regional tourism will prove resilient. By David Yong and Finbarr Flynn By David Yong and Finbarr Flynn Bloomberg Tokyo FORTRESS Investment Group LLC is betting that one of
        Bloomberg; PHOTO: REUTERS  -  1,086 words
      • Brokers’ take
        • Article
          Lock icon Midas Holdings Hold
          187 28 / 29 OCBC Investment Research March 4 Target price: S$0.295 March 4 close: S$0.28 POST-FY15 results announcement, we had a call with the management of Midas Holdings Limited (Midas), and noted that its 14.7 per cent growth in FY15 revenue to 1.51 billion yuan (S$320.8 million) was the result
          187 words
        • Article
          Lock icon Jumbo Group Buy
          189 28 / 29 Maybank Kim Eng Research March 3 Target price: S$0.58 March 4 close: S$0.47 We remain bullish on Jumbo, especially as all indications are for a surging China business this quarter. Our analysis of its outlet in Shanghai’s iAPM mall suggests strong operating leverage that should increasingly be
          189 words
        • Article
          Lock icon Singapore plantations Overweight
          337 28 / 29  -  Compiled by Kenneth Lim UOB Kay Hian Research March 4 Q4 FY15 results mainly within expectations, except for First Resources (FR). Earnings last year were mainly dragged down by lower crude palm oil average selling price (ASP), with fresh fruit bunch (FFB) production growth of 3.3 to
          337 words
      • Article, Illustration
        Lock icon Hedge fund sees opportunities in South-east Asia
        689 30 FengHe Asia Fund favours sectors such as tourism, health care and consumer shares Bloomberg Hong Kong AN Asian hedge fund that trounced peers by shorting Chi-na-related shares during a market rout last year is still bearish on Asia’s biggest economy, even as it
        Bloomberg; PHOTO: BLOOMBERG  -  689 words
      • Article
        Lock icon Gold surges back into bull market
        513 30 Prices of the precious metal rise even as global stocks rally Bloomberg New York GOLD is back in a bull market for the first time since 2013, with prices rising even as global stocks advance. “Gold and equities rallying together is a positive story
        Bloomberg  -  513 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Giving time more important than donating money: Chuan-Jin
      276 31  -  Minister says “the key really is our involvement” in giving back to society By Grace So graceso@sph.com.sg Singapore IT is more important to give time to worthy causes than money, says Minister for Social and Family Development Tan Chuan-Jin. “We’re all very
      FILE PHOTO  -  276 words
    • Article, Illustration
      Lock icon Tokyo Olympics chief sure of overcoming problems
      660 31 AFP Tokyo THE chief organiser of the 2020 Tokyo Olympics has expressed confidence the Games will overcome their “hurdles” after a series of problems, including a French inquiry into the bidding process. “Preparations are going smoothly,” Tokyo Organising Committee of the Olympic and
      AFP; PHOTO: AFP  -  660 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      358 31 CRYPTIC CROSSWORD Across 7 Bungle the Bear in winter (9) 8 Writer pens a point elementary (5) 10 In harem a concubine’s rejected it’s for taking pictures (6) 11 Holiday islands will be hit over disreputable bars (8) 12 Being tense during lesson (6) 14 Select comfort initially over getting
      358 words
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      34 32 S3 iCLfe? 541 ORCHARD LIAT TOWERS #01 -03 TEL. (65) 6836 4918 AUDEMARSPIGUET.COM mmfi '0 fV ’M it f TO BREAK THE RULES YOU MUST FIRST MASTER THEM i® 0 0 iMimpu m <s>
      34 words
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      58 1 5-6 MARCH 2016 ESS TIMES WEEKEND WEEKEND TIMES EEKEND N SS TIMS W KND BUSINESS TIMES WEEKEND THE BUSINESS TIMES WEEKENDE BUSINESS TIMES WEEKEND CliveAGRAN FORGET HANDICAPS AND PLAY THE GAME LIKE MY HERO SPENCER ROBINSON CAN SOCK HWEE REVERSE THE CONS AS A PRO? S MURALI Gulapa Cel by
      58 words
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  • Swing by sph golf
    • editor’s letter
      • Article, Illustration
        Lock icon CAN WE GETOFF HIS (SORE) BACK?
        560 2  -  I’ve played through a lot of injuries, ’ve played through some situations I probably shouldn’t have played, won some tournaments probably shouldn’t have won, but I’ve cost myself other tournaments by pushing through that and ’ve cost myself months and years because of it.
        560 words
    • Article, Illustration
      Lock icon PROS AND CONS...
      784 4  -  With every job there are pros and cons. Some remunerate well but have a poor working environment. Others offer security of tenure but limited holidays. Others still provide prospects for climbing the company ladder but are found wanting when it comes to paying out loyalty bonuses. BY
      photos: ST  -  784 words
    • Article, Illustration
      Lock icon PLAY IT LIKE MY HERO
      700 5  -  Everybody has a golfing hero a player whom they admire above all others. Well, mine’s not Tiger, Phil, Lee, rnie, Darren, Luke or even the lovable Monty… it’s ric. No, he’s not a pro. Far from it, he’s just about the worst player on the
      illustration by Cel Gulapa  -  700 words
    • Article, Illustration
      Lock icon BILLY’S RULES
      2849 6 / 7  -  It’s the age of the posse. Close-knit circles of trust that are almost like support groups. Bubba Watson, Rickie Fowler and Webb Simpson are the ultimate posse on the US PGA Tour, though there are a couple of others. On the Champions Tour, there’s the posse of Brad
      photo by T John Loomis  -  2,849 words
    • Article, Illustration
      Lock icon THE SINGLE LIFE
      637 8  -  UNDERCOVER TOUR PRO with Max Adler UNDERCOVER ERCOVER TOUR PRO E SINGLE THE t’s kind of weird to say that I’m a millionaire and I’m not even 35, but it’s the truth. I’m on a good run of seasons fi nishing inside the top 100 in the
      illustration by John Cuneo  -  637 words
    • Article, Illustration
      Lock icon GAME OF CARDS
      588 9  -  PLAY YOUR BEST GAME OF A HOLE’S HANDICAP RANKING A HOLE’S HANDICAP RANKING TELLS YOU HOW TO PLAY IT Ever look down an unfamiliar hole and have no idea what to do? Here’s a hint: Go to the scorecard. The handicap number assigned to a hole represents
      illustration by Chris O'Riley  -  588 words
    • Singapore scene
      • Article, Illustration
        Lock icon A DECADE OF GOLF DELIGHT
        511 10  -  One of the ways that premium auto companies differentiate themselves is their effort to connect with their customers. BMW is one that has continually gone beyond boundaries to ensure that their clients are engaged positively. In Singapore at least, there are few better ways than
        photos: courtesy of Performance Motors Limited  -  511 words
    • tried & tested
      • Article
        Lock icon TWO’S COMPANY
        306 11  -  BY TAN JU KUANG True to form, TaylorMade Golf has followed up the success of its M1 range of clubs with a new extension of the line. The M2 drivers, fairways, Rescue and irons were launched at the Sentosa Golf Club during the SMBC Singapore Open, and uses
        306 words
      • Article, Illustration
        Lock icon KING OF THE FAIRWAY
        277 11 Cobra Golf’s KING range expands with the new KING F6 and F6+ metalwoods. At the top of the easy distance spectrum, the KING F6+ driver showcases a new CarbonTrac weighting system that has a sliding weight with five front-to-back, low CG positions that is encased in
        277 words
      • Article
        Lock icon RMX 2016 REDUX
        143 11 Yamaha’s successful RMX line gets an upgrade in 2016, this time with design input from top Japanese pros Toru Taniguchi and Hiroyuki Fujita. The RMX 216 driver is the larger of the line introduced this year, and has a slightly shallow back club head with deep emphasis
        143 words
      • Article, Illustration
        Lock icon AERODYNAMIC WONDER
        323 11 If aerodynamics is what makes clubs move faster than Callaway’s collaboration with Boeing that culminated in the new XR16 line makes absolute sense. Engineers from both sides worked to pinpoint the size and placement of our re-en-gineered Speed Step to save weight and add more speed in the
        photos: USA Today Sports, COBRA PUMA Golf, Leonian (S) Pte Ltd., Callaway Distributor S.E.A.  -  323 words
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      98 3 #CobraKING THE NEW REIGN OF POWER r /<VA4G>=b 1 Kusn A fa Discover the optinum distance for your swing with dialed in adjustable sole weighting. Low and penetrating ball flight with weight in the front, or high and towering with weight in the back, More spin control. More speed. More
      98 words
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      113 9 S3 Graeme Mcdowell A l "T> K 4 r,a J, transview www.transviewgolf.net H www.facebook.com/transviewsingapore Mandarin Gallery Tel: 6732 0955 Far East Shopping Centre Tel: 6732 6861 Suntec City Tel: 6336 9921 Orchard Gateway Tel: 6702 6377 Sentosa Golf Club (Pro Shop) Tel: 6271 0749 Raffles Country Club (Pro Shop) Tel:
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