The Business Times, 11 March 2016

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Total Pages: 30
1 30 The Business Times
  • 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 GFriday, March 11, 2016
    22 words
  • Article, Illustration
    223 1 Ezra Holdings and subsidiary Emas Offshore are in talks on “possible transactions” which quickly fuelled privatisation rumours in the market. TOP STORIES 5 Singapore players are not too worried about how a real estate investment trust market in India would impact the Reit sector here. TOP STORIES 4
    223 words
  • 826 1  - Axe to fall on hundreds more in Singapore oil gas sector BW Offshore, Modec, CB&I scaling down or exiting the country altogether after Keppel, Sembcorp cut almost 10,000 from global workforce By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore HUNDREDS more people in the oil and gas sectors will lose their
    PHOTO: REUTERS  -  826 words
  • 616 1  -  By Neil Behrmann btworld@sph.com.sg London THE euro tumbled, and stock and bond prices soared following European Central Bank (ECB) president Mario Draghi’s unexpected quantitative easing (QE) of a further 20 billion euros (S$30.5 billion) boost to 80 billion
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  • 27 1 Thursday Change STI 2,809.12 -1.31 KL COMP 1,690.91 +4.56 NIKKEI 225 16,852.35 +210.15 HANG SENG 19,984.42 -11.84 SHENZHEN B 1,091.54 -8.15 DOW (10.45 EST) 16,996.32 -4.04
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  • Page 1 Advertisements
    • 49 1 *****1 *****1 TIIE BUSINESS TIMES earner, sg Cartier CLE DE CARTIER MANUFACTURE MOVEMENT 1847 MC I ff IhI I SINGAPORE Takashimaya S.C.- ION Orchard Marina Bay Sands Tel: 6732 0181 MALAYSIA Suria KLCC, Kuala Lumpur Tel: (603) 2303 5088 > xn -v CARTl L 4 s N r k 9
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    • 8 1 MYANMAR Sui Kyi’s ex-schoolmate presidential nominee GOVT ECONOMY/18
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    • 32 1 BUDGET 2016 Improving social safety nets crucial, say observers top stories 2 BANS Beware the unintended consequences opinion 22 BRITISH INVASION Three classic dramas taking to the stage here BT LIFESTYLE 30
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    • 11 1 Texas oil workers face axe following fall in prices, Page 15
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  • TOP STORIES
    • 773 2  -  S’pore-style unemployment system should be eventual goal; time also to take stock of existing measures SINGAPORE BUDGET 2016 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government should make it an even greater priority to improve Singapore’s social support system during this
      FILE PHOTO  -  773 words
    • 590 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CLOSE to seven in ten chief executives of companies here say businesses should rely less on government help and more on their own efforts in order to grow, a pre-Budget poll conducted by The Business Times
      Source: The Business Times  -  590 words
    • 382 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AN advocacy group under the People’s Action Party (PAP) has submitted a set of recommendations for the March 24 Budget to the Finance Ministry. The PAP Seniors Group (PAP.SG), chaired by Speaker of Parliament Halimah Yacob, also
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    • 500 2 BLOOMBERG New Delhi INDIA’S Prime Minister Narendra Modi came under fire in Parliament after a flamboyant former billionaire who owes as much as US$ 1 billion to creditors left the country amid efforts by policymakers to rein in rising bad loans in
      BLOOMBERG; PHOTO: AFP  -  500 words
    • 469 2 BLOOMBERG Singapore YAK Yew Chee, a BSI Bank Singapore executive whose financial accounts were frozen as part of a probe related to a Malaysian government fund, left the bank in February, according to the firm. Mr Yak had been a relationship
      BLOOMBERG  -  469 words
    • 1054 4  -  Local market still offers host of benefits; at worst, it’ll just be harder to attract India Reits, say industry players By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore INDIA last week cleared its final major hurdle to the creation of a tax-effi-cient real estate investment
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    • 388 4 Move is a sign its new chief exec is reducing presence in region Sydney AUSTRALIA and New Zealand Banking Group Ltd (ANZ) has closed its business lending to small and mid-sized enterprises (SMEs) in five Asian countries, cutting around
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    • 765 4  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE, as a regional infrastructure hub, is working to make infrastructure assets mainstream for institutional investors. It wants to develop it as a standalone asset class, separate from traditional debt and equity investments. Senior Minister of State
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    • 851 4  -  By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Singapore TO help local companies better adopt design to grow their businesses, a Design Promotion Unit will be set up within the government to provide one-stop assistance, as well as a Business Centre within
      FILE PHOTO  -  851 words
    • 406 5  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SEEMS it’s risk on again for bond investors as another high-yield bond deal this week got upsized. Perennial Real Estate Holdings sold S$ 125 million three-year bonds on Thursday at 4.9 per cent. It was the
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    • 297 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) and Tourism Malaysia have inked their first marketing collaboration memorandum to beef up tourist flows into Malaysia under a two-year partnership. In particular, they will focus on 14 major inbound markets, leveraging
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    • 600 5  -  Companies’ statements fuel 20 per cent jump in Ezra and 5 per cent surge in Emas stock prices in just one day By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore MARINE services firm Ezra Holdings and its subsea subsidiary Emas Offshore on Tuesday night
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  • Page 3 Advertisements
    • 99 3 Triumphant delivery Keppel and Floatel celebrate naming of fifth accommodation semi Keppel FELS is on track to deliver Floatel Triumph, an accommodation semisubmersible (semi) customised for operations in deep and harsh environments, to Floatel International safely, on time and within budget. Built to Keppel’s proprietary SSAUTM5000NG design, which is developed
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  • Page 5 Advertisements
    • 177 5 A •V ;S V£S V 1a. **c *;V P V tr 4V a. 1* f* ■H > i, *s V fa f 'v t L Sir r a A‘ B ■a t V' 5 «e i CJ ■T 1 M > ms r *KJ v V u H i. If
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  • COMPANIES & MARKETS
    • 832 6  -  Move comes one day after MyRepublic and Singtel unveiled their data plans MOBILE SHAKE-UP By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore AN industry-dreaded price war has emerged in the mobile data sector even before the entry of a fourth telco as M1 and
      PHOTO: BLOOMBERG  -  832 words
    • 310 6  -  HOT STOCK By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHARES in energy counter IEV Holdings shot up 78 per cent on Thursday to end at S$0.114, a hair’s breadth from its 52-week high of S$0.115. After opening unchanged at S$0.064 its intra-day low it hovered around
      Source: Bloomberg  -  310 words
    • 829 6  -  HOCK LOCK SIEW BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT THIS week in telecommunications may have proven a recently much-discussed stereotype: that startups are outspoken, eager disrupters of the establishment and incumbents careful, sophisticated veterans ever wary of upstarts. When fourth telco
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    • 398 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore UOB Kay Hian has joined the Singapore Diamond Investment Exchange (SDiX) the world’s first and only commodity exchange trading in physically settled diamonds as its first broker. This gives UOB Kay Hian’s clients the
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    • 559 8  -  Securities Commission chairman says RM75b would come from bonds and RM5b from IPOs By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S capital market is expected to raise some RM80 billion (S$27 billion) through the primary market this year with some RM75
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    • 550 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore BRITISH insurer Aviva Singapore has posted a 19 per cent rise in its value of new business (VNB), a measure of expected profits from new premiums written, to S$216 million in 2015, following higher sales of
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    • 656 8 Singapore INCREASING volatility in traditional asset classes has given rise to a new range of hedge fund-type products in Asia marketed at individual investors, from short-selling funds to foot-ball-backed securities. In particular, an unusually high correlation between stock and bond prices
      PHOTO: AFP  -  656 words
    • 441 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore INDUSTRIAL Reits will see marginal rental growth, likely in the low sin-gle-digit percentage range, as languid demand and persisting vacancies weigh on rent negotiations, said Credit Suisse on Thursday. Citing weak leasing transactions across all
      Source: JTC, CBRE, Credit Suisse estimates  -  441 words
    • 320 8  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE Telecommunications (Singtel) has completed the landing of the magnum 20,000 km South-east Asia–Middle East–Western Europe 5 (SEA-ME-WE 5) undersea cable at Tuas, Singapore, marking a major step towards its completion by the end of
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    • CORPORATE DIGEST
      • 196 8 UNITED Overseas Bank (UOB) has priced the issue of its US$500 million subordinated notes due 2026 and callable in 2021 under its S$15 billion euro medium term note programme. The notes, priced at 99.574 per cent of their principal amount, bear an interest rate of 3.5 per cent per
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      • 78 8 CITIC Envirotech (CEL) has landed a project from the local government of Gaoyang County in China’s Hebei Province to upgrade an existing industrial wastewater treatment plant for 198 million yuan (S$42 million). The plant serves the textile and dye companies located in the largest print and dye industrial
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      • 75 8 OCBC has priced A$300 million (S$309.8 million) of senior floating rate notes due 2020 at the three-month bank bill swap reference rate plus 1.2 per cent per annum. The notes are expected to be rated Aa1 by Moody’s Investors Service, Inc, AA-by Standard Poor’s Ratings Services, and AA- by
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    • Article, Illustration
      63 10 STI Catalist Straits Times Index March 10,2016 2,809.12 -1.31 (-0.05%) Current streak 1 day Day high 2,829.07 Day low 2,798.70 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index March 10,2016 466.48 +2.31 (+0.50%) Current streak 2 days Day high 467.41 Day low
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    • 633 10  -  Turnover of S$988 million contrasts with the average of S$1.37 billion done from Monday to Wednesday STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT TRADING in the local market on Thursday was much more subdued than in previous sessions, with volume amounting to just 2.4 billion
      Source: Bloomberg  -  633 words
    • 313 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 +2 242/238 271 209 6.1 6304.2 CapitaLand 311 +1 315/309 379 267 12.4 2.9 *****.9 CapitaMall Trust 213 +1 214/211 228 184.5 5.3 7404 CityDev 754 cd +3 759/749 1095 661
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    • 33 10 VOLUME Elektromotive 521,774,700 Ezra 509,465,200 IEV 166,137,400 Elektromotw*****5 78,860,100 Chasen 61,745,400 Market volume 2,639,984,000 VALUE DBS Grp 65,124,999 Ezra 62,777,649 Keppel Corp 56,616,291 Singtel 44,185,127 JMH USD 43,157,412 Market value 992,775,000
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    • 77 10 Mar 10 VALUE CLOSE BT OB/OS 498.00 +12.00 BT CADI -*****.00 -21.00 BT 10-day MA -*****.00 +49.00 FTSE ST Mid Cap 676.53 +1.41 FTSE ST Small Cap 398.54 -0.49 FTSE ST All Share 685.85 +0.33 FTSE ST China Top 161.57 +0.63 FTSE ST China 192.33 +1.22 FTSE
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    • 35 10 STI FTSE ST All-Share FTSE ST All-Share index March 10,2016 685.85 +0.33 (+0.05%) Current streak 2 days Day high 689.73 Day low 684.19 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 10 STI MSCI EAFE MSCI EAFE index March 9,2016 1,614.98 -1.50 (-0.09%) Current streak 3 days Day high 1,620.64 Day low 1,603.62 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 3 0 1 0 3 11 3 Manufacturing 31 37 32 7 6 15 38 43 47 Commerce 15 26 12 4 2 5 19 28 17 Tpt/Stor/Comms 10 20 7
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    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 38,773 886 39,659 97,043 185 97,228 Manufacturing 153,847 578,141 731,988 84,918 4,064 88,981 Commerce 89,662 61,867 151,529 115,863 2,328 118,191 Tpt/Stor/Comms 585,800 12,555 598,355 188,080 1,109 189,189 Finance 16,418 50 16,468 153,840 8 153,848 Construction
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    • 108 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US642 +6 498 642/636 827/575 639/642 80.3 DBXT MSBrazil US$ US279 +9 324 279/273 399/190 242/280 STI ETF 280 -2 128 284/280 355/254 281/282 Lyxor Taiwan US103.9 -0.2 94 104.2/103.9 128.5/90 -/-24.7
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    • 75 10 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 131.2 0.8 *****/***** JMH USD 5400 107.7 1.5 6483/4500 IS ASIA HYG US$ 1073 59.4 4.2 1130/977 DBXT STGLDv US$ 2997 34.5 0.8 3243/2731 DBXT Vietnam US$ 2227 33.2 1.1 2786/2017 BY PERCENTAGE CLOSE UP 52w high/low ChasenHldg W*****1
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    • 76 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -85.6 -0.5 *****/***** DBXT E50 US$ 4300 -23.5 -0.4 5300/3968 IS ASIA BND S$D 1450 -21.0 -1.4 1483/1398 DBS Bk 4.7% NCPS ***** -20.0 -0.2 *****/***** DBXT China50 US$ 2644 -11.1 -0.3 4258/2355 BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotw*****5
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    • 82 10 VOL CLOSE($) CHANGE IEV 166,137.4 0.114 +0.050 +78.13 Chasen 61,745.4 0.056 +0.023 +69.70 Moya Asia 53,737.7 0.040 +0.007 +21.21 Beng Kuang 11,199.0 0.132 -0.006 -4.35 Plato Capital 5.5 0.083 -0.020 -19.42 Nico Steel 124.0 0.037 -0.005 -11.91 TMC Education 7.0 0.053 -0.018 -25.35 Polaris 8,017.6 0.009 +0.003 +50.00
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    • BROKERS’ TAKE
      • 172 10 Dairy Farm international BUY March 10 close: US$5.90 Target price: US$7.03 DBS Group Research, March 10 Dairy Farm International (DFI) has been investing in IT, procurement and supply chain, and we expect this to at least yield some results by FY17 forecast. We have already seen better inventory numbers in
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      • 135 10 Singapore Offshore and Marine sector NEGATIVE Maybank Kim Eng Research, March 9 Transocean has delayed its five jackup rigs under construction by Keppel again. The US$1.1 billion contract was inked in November 2013 for initial deliveries over Q1 2016 to Q3 2017 and included options for five more units. Deliveries
        135 words
      • 137 10  - Singapore banking OVERWEIGHT Compiled by Kenneth Lim UOB Kay Hian, March 10 Share prices of banks started correcting on Aug 11, 2015 after the People’s Bank of China introduced a new market-oriented reference rate mechanism, which triggered the depreciation of the renminbi and concerns over competitive devaluation across Asean countries.
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    • 339 11 CURRENCIES REUTERS London THE euro sank a full cent against the dollar on Thursday after the European Central Bank unveiled a raft of measures, many of them not expected by markets, to stimulate growth and inflation in the eurozone. The ECB
      REUTERS  -  339 words
    • FOREX RATES
      • 22 11 Mar 10 S$ Bid Offer 1-month 1.3817 1.3822 2-months 1.3825 1.3832 3-months 1.3833 1.3842 6-months 1.3858 1.3872 Source: OCBC
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      • 155 11 Mar 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0313 1.0316 0.7467 0.7468 Canadian dollar 1.0408 1.0412 0.7537 0.7536 Euro 1.5139 1.5147 1.0961 1.0965 NZ dollar 0.9193 0.9200 0.6656 0.6660 Sterling pound 1.9605 1.9613 1.4194 1.4198
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      • Article, Illustration
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      • 471 11 Mar 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 4.866 0.681 5.799 50.142 97.656 0.848 8.981 3.075 1.122 78.211 34.869 1.031 11.358 0.745 24.553 26.345 0.526 0.747 Canada 1.009 4.911
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    • EQUITY BONDS WARRANTS FUTURES
      • 395 11 Mar 10 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9265.00 9320.00 9062.50 9075.00 *****6 *****3 Apr16 9172.50 9235.00 8980.00 9005.00 4276 5587 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****3 Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****0 MSCI TAIWAN
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      • 205 11 Most active Mar 10 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Elektromotive Group w*****5 0.2 -0.3 ***** 1 1 50 Chasen Holdings W*****1 2.3 1.4 ***** 1 3 -5 2.43 23 KepCorp MB eCW*****2 12.3 -0.9 8752 0.2
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      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Mar 9 Index Change Change Change Change Change Change World Preliminary 1219.7 0.4 -4.5 -0.1 -6.6 0.3 -3.8 EAFE Preliminary 938.9 0.1 -7.3 -0.5 -8.6 -0.1 -5.9 Europe Preliminary 1334.4 0.3 -5.5
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    • BANK RATES
      • 154 11 Mar 10 $S Offer Bid 0vernight 0.05 Par 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.45 US$ 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
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      • 67 11 Mar 10 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 5-Year NX*****X 2.250 01-Jun-21 102.64 102.65 102.45 10-Year NX*****Z 2.375 01-Jun-25 102.42 102.50 102.15 15-Year NZ*****F 2.875 01-Sep-30 104.89 105.30 104.50 20-Year NZ*****V 3.375 01-Sep-33 111.54 111.40 110.90
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    • AGRI METALS ENERGY
      • 250 11 Mar-9 Price Net change change Last Trade Agricultural Mar-9 CBOT Soybeans (US cents/bu) 880.00 2.50 0.28% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.52 0.60 1.94% 14/03/2016 CBOT Wheat (US cents/bu) 463.75 2.50 0.54% 14/03/2016 Mar-9 LIFFE Cocoa (£/tonne) 2224.00 28.00 1.28% 14/03/2016 LIFFE Coffee (US$/tonne) 1393.00 10.00 0.72%
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    • 1812 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 135 +1 283 135.5 134 1 8.2 857.7 MCap 175.5 101 ARA Asset Mgmt 112.5cd -1 191 114 112.5 1.7
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    • 294 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) 1 0.3 t Advanced Systems 0.3 unch ***** 0.4 0.3 7.9 Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7
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    • 108 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1039 700 CIMBASEAN40 US$ US838 +5 5 838 837 131.4 4258 2355 DBXT China50 US$ US2644 -8 6 2644 2635 7.3 399 190 DBXT MSBrazil US$ US279 +9
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  • Page 6 Advertisements
    • 614 6 ASCENDAS PROPERTY FUND TRUSTEE PTE. LTD. (in its capacity as Trustee-Manager for Ascendas India Trust) (Incorporated in the Republic of Singapore on 5 October 2004) (UEN/Company Registration No. *****2730D) (the “Issuer”) NOTICE OF RESULTS OF MEETINGS Notice of results of the meetings of the holders of the outstanding (i) S$25,000,000
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  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 71 13 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • BANKING & FINANCE
    • 708 14 They argue similar-sized domestic US lenders aren’t subject to the same requirements BLOOMBERG London FOREIGN banks including HSBC Holdings plc and Deutsche Bank AG are pushing back against the Federal Reserve’s proposals on implementing rules designed to end too-big-to-fail, saying they are burdensome
      BLOOMBERG; PHOTO: BLOOMBERG  -  708 words
    • 226 14 REUTERS New York NASDAQ Inc said on Wednesday it would buy US options exchange operator International Securities Exchange (ISE) for US$1.1 billion from Deutsche Boerse AG, the latest deal to emerge from a spate of exchange merger talks. ISE operates three electronic options
      REUTERS  -  226 words
    • 412 14  -  By Rachel Morarjee CHINA’S shadow banking sector is piling up risk at the heart of the financial system and keeping deadbeat firms alive. The sums invested in so-called wealth management products surged 57 per cent last year to reach US$3.2 trillion. The growth alone is
      412 words
  • Page 14 Advertisements
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  • ENERGY & COMMODITIES
    • 1228 15 At the same time, employment is still growing after billions of dollars invested in new processing plants to take advantage of cheap supplies of oil and gas REUTERS Baytown, Texas PLUNGING energy prices robbed the Texas economy of an estimated 60,000
      REUTERS; PHOTO: REUTERS  -  1,228 words
  • Page 15 Advertisements
    • 81 15 M m i Mill II**********1 m i 273 Lavish Freehold Semi-D at a Steal! $3.48 miiion I Visit Us 273 Upper Paya Lebar Rd I (Fri Sun, 11 am 7pm) Spacious 5 (4 ensuite) 1 bedrooms Private home lift Roof terrace jacuzzi Fully furnished with Designer ID Ample parking space
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    • 1618 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices THE STRATECH GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0212R) NOTICE OF ADJOURNED ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the adjourned Annual General Meeting (“Adjourned AGM”) of THE STRATECH GROUP LIMITED (the “Company”) will be
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  • TECHNOLOGY
  • Page 16 Advertisements
    • 41 16 FACILITIES MANAGEMENT SOLUTIONS EXPO 2016 LEADING REGIONAL \sS5S] FACILITIES MANAGEMENT EXHIBITION mm \ham 26-28 APRIL 2016 Sands Convention Exhibition Centre, Hall A, Singapore 10am-6pm (26-27 Apr) 110am-5pm (28 Apr) Redefining^ E /I A yy I ■Easilitfefe; IManagement! r V: V 0
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    • 68 16 cc I am not interested in failure. We are here to succeed… I am more impressed when you counter my argument than when you threaten or when you shout back at me.” Speech at the 54th anniversary of the Singapore General Printing Workers’Union in 1966 Piquant quotes from Lee Kuan
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    • 37 16 CAN INDIA WIN T20 WORLD CUP? Former India stars and Singapore fans on the country’s chances BAD TIMES FOR ‘KING OF GOOD TIMES’ GET YOUR COPY TODAY TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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    • 57 16 FULL-DAY WORKSHOPS 2016 MARCH SERIES M A R 1 6 29T U E S D A Y SPH News Centre 9.30am to 6.00pm VISUAL STORYTELLING Trainer Wang Hongjun Early Bird by 24 Mar$489 Price From 25 Mar$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about
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  • CONSUMER
  • Page 17 Advertisements
    • 1080 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE BANKRUPTCY ACT (CAP. 20) AND IN THE MATTER OF KIRPA RAM S/O ISHWAR DASS (NRIC NO.: S*****35C) NOTICE OF APPOINTMENT OF TRUSTEES NOTICE IS HEREBY GIVEN that pursuant to an order of court filed on 29
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    • 529 17 In the Matter of THE COMPANIES ACT (CHAPTER 50) and In the Matter of HARIKUTAI ENGINEERING PTE LTD (In Liquidation) Reg No. *****5272E (“the Company”) NOTICE IS HEREBY GIVEN that the creditors of the Company, which is being wound up voluntarily are required on or before the 11th day of
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    • 571 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAUCE PTE. LTD. Company Registration No. *****4031R (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the
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  • GOVERNMENT & ECONOMY
    • 615 18  -  Senior IMF official points to “disappointing and fragile recovery” in world economy, and says “recent heightened volatility may be signaling deeper concerns” in markets By Anthony Rowley btworld@sph.com.sg Tokyo A SENIOR International Monetary Fund (IMF) official issued a further warning on Thursday that
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    • 454 18 AFP Beijing CHINA’S consumer inflation jumped to 2.3 per cent in February, its highest in nearly two years, official data showed on Thursday, in a positive sign for demand in the world’s sec-ond-largest economy. Food prices surged during the annual Chinese New
      AFP  -  454 words
    • 744 18 Htin Kyaw is a trusted adviser who runs an education foundation WP Naypyidaw A FORMER schoolmate of Aung San Suu Kyi was nominated as a presidential candidate in Myanmar’s Parliament on Thursday, ending weeks of speculation that the revered prodemocracy leader herself would
      WP; PHOTO: AFP  -  744 words
  • Page 18 Advertisements
    • 980 18 NOTICES CHEW’S GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: ********** NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") of Chew's Group Limited (the "Company") will be held at 20 Murai Farmway, Singapore *****3 on Monday, 28 March 2016 at 10.00 a.m. for the
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  • REAL ESTATE
    • 510 19  -  This may be related to its proposed partner, KIC of South Korea; CapitaLand says it “currently has no plans to bid” By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore BLACKROCK’S exclusive negotiation period on the sale of Asia Square Tower 1
      FILE PHOTO  -  510 words
    • 297 19 BLOOMBERG Paris CARREFOUR SA, France’s largest retailer, said it’s still waiting for the right moment for an initial public offering (IPO) of its shopping mall property unit as it reported higher full-year profit. The division, called Carmila, still plans an IPO, chief financial
      BLOOMBERG  -  297 words
    • 197 19 REUTERS Bangkok THAILAND’S largest shopping mall developer Central Pattana pcl said it aimed to invest about 46 billion baht (S$ 1.8 billion) from 2016 to 2018, mostly on developing new projects, to boost average revenue growth to 15 per cent a
      REUTERS  -  197 words
    • 742 20  - JTC Furniture Hub Sungei Kadut to be completed end-2018 It will be the first high-rise and multi-tenanted development to cluster furniture and furniture-related companies By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE first high-rise and multi-tenant-ed development to cluster both furniture and furniture-related companies is expected to be completed by the
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  • Page 19 Advertisements
    • 668 19 KYOTO JAPAN PROPERTIES FOR SALE 1. S$13 Million (S$1=85 JPY) Land: about 1,700 m2 Building: 600 m2 Completion: 1935 (renovated in 1990) 2. S$7 Million (S$1=85 JPY) Land: about 330 m2 Building: about 333 m2 52 m2 Completion: 1995 3. S$6 Million (S$1=85 JPY) Land: about 1,100 m2 Building: about
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  • Page 20 Advertisements
    • 847 20 D09 HOUSE FOR SALE GOOD CLASS BUNGALOW Charming 2-sty bunglw with pool, 35,000sf, lush greenery, rectangular shape, wide frontage of 60m approx, Can build 2 GCBs. KF *****879/ *****808 Visit SRX.com.sg/code-0523 D10 HOUSE FOR SALE BRIZAY PARK GCB 17,200sf. 2-sty. 6+1. Serene. Pool. Good plot. High grd. No long driveway.
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  • VEHICLE & LIFESTYLE
    • 864 21  -  By Frank-Jurgen Richter The writer is founder of Horasis, a global visioning community. Its inaugural Horasis Global Meeting will be held in Liverpool on June 13-14 as part of Britain’s International Festival for Business. The recent G-20 meeting of finance
      Photo: Thinkstock  -  864 words
  • Page 21 Advertisements
    • 241 21 LAND ROVER FOR SALE LAND ROVER DEFENDER 90/110 VINCAR NEW Land Rover Defender 90/110 Hardtop. 20% deposit. Mthly fr $1,561 x 96. Call *****119 *****119 MERCEDES FOR SALE MERCEDES BENZ S500L AMG VINCAR NEW S500L AMG 20% deposit Mthly fr $5,635 x96. 5 yrs warranty free maintenance. Call 9749 1119.
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  • OPINION
    • 582 22 EDITORIAL THE phenomenon of negative interest rates is worrying. Since the global financial crisis of 2008, global central banks have trod unconventional paths in their efforts to stimulate growth and reduce their country’s or region’s respective debt burdens. The first
      582 words
    • 814 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE case of the disappearance of five Hong Kong booksellers, who all turned up in China, has rocked Hong Kong society to its
      814 words
    • 1433 22  -  Bans deprive individuals of the right to choose and are costly to enforce. And if enforcement is lax, it makes a mockery of the law and erodes trust in public institutions. BY DONALD LOW BY DONALD LOW T The writer is vice-president at the
      FILE PHOTO  -  1,433 words
    • 860 23  -  COMMENTARY By Nirgunan Tiruchelvam T The writer is director, research at Religare Capital Markets THE Long Bar in Singapore’s Raffles Hotel is famous for the Singapore Sling. But it is not the pink cocktail that will ring loud in the memory of 75-year-old
      860 words
    • 539 23  -  By John Redwood T The author is Member of Parliament for Wokingham in Britain. He is also chairman of the Conservative Economic Affairs Committee and a former secretary of state for Wales. OUT of the EU, the UK would have more influence in the world.
      539 words
    • 1459 23  -  It is not easy to understand just why Japan still insists on remaining nuclear, given the massive wounds inflicted by the events of March 11, 2011 By Anthony Rowley IF A screenwriter had sat down early on March 11, 2011 with the
      PHOTO: AFP  -  1,459 words


  • TRANSPORT
    • 860 24 Michael Horn was the company’s public face in the early days of the emissions scandal; his sudden departure is the latest in a string of executive changes NYT New York AS Volkswagen continues to deal with the fallout from its emissions scandal, the
      NYT; PHOTO REUTERS  -  860 words
    • 689 24 Until now most research has been directed towards increasing battery storage BLOOMBERG London IN the race to build driverless cars, it might pay to keep your eyes on the road. A father-daughter team founded the Scotland-based Tracked Electric Vehicle
      BLOOMBERG  -  689 words
  • Page 24 Advertisements
    • 217 24 ST DBS 2016 YOUR TO A SUCCESSFUL CAREER WHY ATTEND STJobs Express 2016? U 6 A 6 P 4° Find out more about the wide array of jobs and internships on offer Come face-to-face with employers from the public and private sectors and learn more about their organisations Consult qualified
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  • Page 25 Advertisements
    • 1975 25 THE BUSINESS TIMES Shipping times C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o n
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    • 245 25 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 132 TTS138 12/03/2016 13/03/2016 Tebing Tinggi/Jambi DAILY Marco Polo 188 PRW192 12/03/2016 13/03/2016 Pelindo/Perawang DAILY Marco
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  • CITY LIFE
    • 693 26  -  Letterpress studio The Gentlemen’s Press wins support from watch-maker Claude Bernard under its local artisans programme. programme.BY AVANTI NIM avantin@sph.com.sg THOUGH local crafts and artisans are arguably getting more attention than ever before, it takes more than a village to keep the enthusiasm going. Under
      693 words
    • CITY BUZZ BT writers’ picks of what to see, do or talk about
      • 360 26  -  By Avanti Nim CONCERT Star wars and Beyond AS a self-confessed Trekkie, the name given to Star Trek fans, Anthony Inglis might not be the most likely choice to conduct a classical concert titled Star Wars and Beyond. He laughs: “It does feel like a
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      • 173 26  - Singapore Cult underground Film Festival FILM By Dylan Tan THE upcoming Singapore Cult Underground Film Festival (SCUFF) 2016 brought to you by cinephile collective SCUM Cinema presents four indie flicks you'll never see at the multiplex. Kicking things off is Housebound, an award-winning Kiwi horror-come-dy that was a crowd favourite
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      • 207 26  -  TALK By Tay Suan Chiang FOLLOWING a successful inaugural edition last year, independent magazine Underscore is bringing back The U Symposium for a second time. The two day event will see independent publishing visionaries coming together to share their personal insights on the nuts
        207 words
      • 162 26  -  MUSIC By Helmi Yusof EXPERIMENTAL composer-conduc-tor Steve Reich is one of the legendary pioneers of minimal music, along with Philip Glass, La Monte Young and Terry Riley. Since the 1960s, his musical innovations have changed the course of musical history and inspired many composers, choreographers
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      • 182 26  -  DRINKS By Rachel Loi BUCKLE up cocktail lovers, the Singapore Cocktail Week is back this weekend for its second edition, this time boasting over 60 participating bars and restaurants and a line-up of almost 200 events. It kicks off with an opening party this Saturday at Zouk
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      • 163 26  -  FILM By Tay Suan Chiang IN April, the creators of A Design Film Festival will host the very first FoodCine.ma, a film festival on food. But before that happens, they will be screening the South-east Asia premiere of the film Noma: My Perfect
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  • Page 26 Advertisements
    • 29 26 T For more information on The Gentlemen's Press, please go to thegentlemenspress.com. For further information on Claude Bernard watches, please call Crystal Time at 6747 8888 or visit www.crystaltime.com.sg.
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  • WINE/ARTS
    • Article, Illustration
      1039 27  -  They were a complete dinner in themselves, making it difficult to concentrate on the food! BY NK YONG THREE great wines at dinner last night courtesy of an old and dear friend: Chateau Lafite Rothschild 1989 and Grands-Echezeaux 1990, preceded by the loveliest of champagnes, Roederer's Cristal. Champagne
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    • 496 27  -  By Cheah Ui-Hoon uihoon@sph.com.sg IF the classic epic ballet Swan Lake is an ensemble performance designed to showcase an entire company of dancers, then Don Quixote is a platform for soloists and principal dancers to shine. The Singapore Dance Theatre (SDT) is taking the
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    • 299 27  -  By Cheah Ui-Hoon CLASSICAL ballet fans have another treat coming up in The Superstars of Ballet, featuring 12 internationally acclaimed principal dancers who will perform highlights from iconic modern and contemporary ballet classics such as Le Corsaire, Don Quixote and Brel. So if you
      299 words
    • 439 27  -  By Cheah Ui-Hoon uihoon@sph.com.sg DANCERS from different countries bring a different perspective to their work. This can be a source of inspiration when creating joint works, as two contemporary dance companies have found. “It’s interesting to learn about dance in different countries and where
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  • Page 27 Miscellaneous
    • 326 27 CRYPTIC CROSSWORD Across 1 Employees using covert sign? (11) 9 Furnish with only half of rent, being thrifty (9) 10 Gather golfer misses regularly and finishes early (5) 11 Fear nerves must reveal cash job (6) 12 Queen falls in line! (8) 13 Organise a late appearance (6) 15 Promotes
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  • ARTS
    • 549 28  -  The first permanent exhibition of the Marina Bay Sands museum is a mind-blowing, immersive collection of artworks by Japanese collective teamLab which melds art and technology brilliantly. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT BE prepared to be gobsmacked when you
      549 words
    • 1390 28  -  BY HELMI YUSOF helmi@sph.com.sg @HelmiBT Heartbreaking look at the struggles of artists MANIFESTO is maddening, exasperating, energy-sapping and heartbreaking. But you have to see it. The play tries to encapsulate many of the struggles that artists in
      PHOTO: CALEB MING/SURROUND  -  1,390 words

  • CINEMA/MUSIC
    • 577 29  -  Death Cab For Cutie, one of the world’s biggest indie bands, gets set for life as a trio after losing a key founding member. BY DYLAN TAN member.BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT TWO decades in, Death Cab For Cutie (DCFC) is bracing itself for new beginnings.
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    • 333 29  -  By Dylan Tan DEATH Cab For Cutie (DCFC) isn't the kind of band that changes for the sake of it. Eighteen years in, they still peddle the same brand of introspective guitar pop which frontman Ben Gibbard has been writing since
      PHOTO: AXEL SERIK  -  333 words
    • 613 29  -  By Geoffrey Eu IT'S just another day in early-1950s Hollywood and Capitol Pictures' Eddie Mannix (Josh Brolin) has plenty on his plate. As Capitol's chief “fixer” he wields enormous power on the studio lot, making decisions about movies in production, keeping
      FILE PHOTO  -  613 words
    • 554 29  -  By Geoffrey Eu SACHA Baron Cohen delights in being crude and offensive by disappearing deep into character invariably some mule-headed imbecile who exists to get under our own skins. He did it to notable effect with characters like Ali G, Borat and Bruno,
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  • Page 29 Advertisements

  • BT Lifestyle
    • 1782 30  -  The Union Jack is flying high this March and April. Three classics of British drama are taking to the stage here namely, William Golding’s Lord of the Flies, Noel Coward’s The Vortex and William Shakespeare’s Romeo Juliet. BT Lifestyle finds out why these literary works have endured
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