The Business Times, 12 March 2016

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Microfilm: NL33802
Total Pages: 41
1 32 The Business Times
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      Lock icon Page 1 Advertisements Column 1
      62 1 LivingBTTHE BUSINESS TIMES WEEKEND March 12-13, 2016 DINING South-east Asian food goes hipster L5-7 DESIGN Local designs take centre stage L10-12 TRAVEL Vinous sojourn in Chile L8-9 STYLE Wallace Chan's stunning jewellery L13 BIBS BYTES Mumpreneurs go online to sell everything from rompers to sippy cups L2-4 PHOTO: MUMMYFIQUE MOTORING
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      164 2 / 3 Fill your heart with happiness, and your camera with memories. Fly by Fiji Airways Inaugural Flight on 5 Apr Enjoy Full-day Sigatoka River Safari Combo Tour with Lunch Fiji Island Hopping Return Airfare by Fiji Airways Return Airport Port Transfers Return Interisland Ferry Transfer 3N Accommodation on Each Island Daily
      164 words
  • LIVING
    • Article, Illustration
      Lock icon BYTES BYTES
      2278 2 / 3  -  Mums are smashing glass ceilings one click at a time as they embrace online entrepreneurship over day jobs hawking everything from rompers and sippy cups to flash cards. By May Yip WHENleaning in just doesn’t cut i t it, mums m um s around the world are coding
      PHOTOS: BABY STYLE ICON; PHOTOS: MUMMYFIQUE; PHOTOS: PRIVI KIDS  -  2,278 words
    • Article
      Lock icon wine & dine
      326 4 wine dine with BT Weekend Lobby Lounge Pan Pacific Orchard 10 at 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
      326 words
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  • DINING
    • Article, Illustration
      Lock icon Regional food with a modern spin
      761 5 A new wave of hipster South-east Asian eateries is balancing authentic recipes with an edgy twist, BT Weekend finds out If you think you can only find authentic Thai Panang curry or Vietnamese Cha Ca Thang Long (grilled fish) in the bowels of Golden
      PHOTOS: YEN MENG JIIN, FAT SAIGON BOY  -  761 words
    • Article, Illustration
      Lock icon WINNING FORMULA
      431 5 555 Villa Thai 30 Cosford Road Z6214-4138 Open 5pm-1am (Sun to Thu), 5pm-2am (Fri-Sat) THERE’s a winning formula to running a live music venue in Singapore find an outdoor lot near town, tune it equal parts grunge and chic, and serve popular bites such as pizzas, wings and
      431 words
    • Article, Illustration
      Lock icon EDGY VIETNAMESE CUISINE
      410 6 / 7 Fat Saigon Boy 14 Ann Siang Road Z6221-6784 www.fatsaigonboy.com.sg Open Mon to Sat, 11am-2.30pm, 6pm-10pm WITH his stout build and straight-shooting comments, Fat Saigon Boy’s Cang Lai brings Momofuku’s David Chang to mind. And like chef Chang and his ramen, the Vietnamese-Australian is better known for his
      PHOTOS: FAT SAIGON BOY  -  410 words
    • Article, Illustration
      Lock icon FUSION STYLE
      505 6 / 7 Nung Len 33 Mackenzie Road Z6238-0184 www.facebook.com/nunglensg Open Mon to Sat, 10.30am 10.30pm YOU might think there’s only one way of serving foie gras, but Fu Qian Li who runs casual Thai eatery Nung L e n w ou l d b e g t o d iff
      PHOTOS: NUNG LEN  -  505 words
    • Article, Illustration
      Lock icon MIXING IT UP
      332 6 / 7  -  By Rachel Loi @RachelLoiBT rachloi@sph.com.sg Saigon Teppanyaki Bar 95 East Coast Road Z6348-2816 www.facebook.com/saigonteppanyaki Open Tues to Sun, 11.30am 3.30pm, 5,30pm 11.30pm THEY say if you want something done right, do it yourself. And that’s exactly what 48-year-old Andrew Chu was doing when he opened Saigon Teppanyaki
      332 words
    • Article, Illustration
      Lock icon MADE FROM SCRATCH
      442 6 / 7 Cha Thai 80 Telok Ayer Street Z6636-3696 www.chathaisg.com Open Mon to Sat, 11am 10pm WHEN Leah Sirijindapan first started cooking at six years old, she already knew she wanted to be a chef when she grew up. Of course, it helped that her family’s kitchen back in
      PHOTOS: CHA THAI  -  442 words
    • Article, Illustration
      Lock icon OODLES OF NOODLES
      397 6 / 7  -  By Tan Teck Heng thtan@sph.com.sg Tonkin Authentic Vietnamese Cuisine 70 Anson Road, #01-03/04, Hub Synergy Point, Z6444-4406 www.tonkinrestaurant.com.sg Open 11am-9pm, Mon to Sat; closed on Sun and PH TONKIN started life serving authentic Vietnamese food in 2013, but it wasn’t till they came up with a noodle
      PHOTO: TONKIN RESTAURANT  -  397 words
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  • WINE / TRAVEL
    • Article, Illustration
      Lock icon Chile’s vinous frontiers
      1697 8 / 9  -  Chile sheds its predictable, over-oaked Cabernet and Carmenere image in favour of terroir-focused wines. By Jenny Tan IN 1997, winemaker Arnaud Hereu packed his bags and waved au revoir to his hometown of Bordeaux, lured by the chance to start anew in Chile where opportunities beckoned in
      PHOTOS: VIK, ODFJELL VINEYARDS, BORAGO, DON MELCHOR, VINA MAIPO  -  1,697 words
    • Article
      Lock icon Must-go places
      283 8 / 9 GASTON Acurio Jaramillo is a shining culinary star in South America with a Midas touch. For a casual and chic dining experience, his Peruvian–style restaurant, La Mar is a must-stop for people-watching, and of course, ceviche. You won’t be able to stop at just one pisco sour here
      283 words
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  • DESIGN
    • Article, Illustration
      Lock icon ACCENT ON DESIGN
      984 10 / 11  -  From the sensorial to the experiential, design fairs SingaPlural and Maison Objet Asia up the ante in home decor and furnishing. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT FROM quirky installations, such as a whisky fountain to giant cockroaches, visitors to this year’s ongoing
      PHOTOS: TAY SUAN CHIANG, OUTOFSTOCK  -  984 words
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  • STYLE
    • Article, Illustration
      Lock icon Zen of jewellery
      880 13  -  Master jeweller Wallace Chan stands out with his philosophical approach. By Patrick Lecomte IN the exclusive world of high jewellery, there is one creator who has put Asia on the map: Wallace Chan. His calm demeanour, Confucian-style beard and Chinese black suit stand out in the glamorous
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  • MOTORING
    • Article, Illustration
      Lock icon GOOD 2 GO
      466 14  -  The sub-compact Mazda2 Sedan surprises with its quality and refinement. By Samuel Ee By Samuel Ee samuelee@sph.com.sg ENTRY-level models made in third world countries don’t always have the same kind of street cred as other cars from non-third world countries. But the new Mazda2 Sedan should change
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    • Article, Illustration
      Lock icon Attrage attractions
      318 14  -  By Samuel Ee samuelee@sph.com.sg MITSUBISHI Attrage is another made-in-Thailand mini-sedan which may appear to be parked in the same segment as the Mazda2 Sedan but is actually very different, especially in the areas of price and refinement. The Attrage is based on the Mirage eco-car hatchback, with a
      318 words
    • Article, Illustration
      Lock icon HARDCORE HONDA
      656 15  -  The new Honda Civic Type R is the first to have a turbocharged engine. By Samuel Ee samuelee@sph.com.sg SO it has the exaggerated accessories of the typical hot hatch flared fenders, huge rear wing and quad pipes, just to name a few. But the most unusual thing about
      656 words
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  • GOLF
    • Article, Illustration
      Lock icon Jang wins HSBC Women’s Champions
      630 16  -  The South Korean moves up to world No 5 on the Rolex Rankings after her win. By Justine Moss Singapore WITH a quarter of the field consisting of South Korean players, the odds were pretty good that one of the 17 from the country in
      PHOTOS: AFP  -  630 words
    • Article, Illustration
      Lock icon Honma releases Beres 05 Series clubs
      322 16  -  The Beres 05 Series of clubs is for golfers of all playing abilities in contrast to their Tour World line of clubs which were manufactured for serious golfers. By Justine Moss EARLIER this year, Honma Golf released their Beres 05 Series of clubs for
      322 words
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  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www. sinesstime .com. g MARCH 12-13, 2016 S$1.20| MCI (P) 040/08/2015 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
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    Lock icon Asian markets see much to like in ECB’s move
    885 1  -  Analysts expect Asian equities to benefit from the improved risk appetite By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore HAVING had a few time zones to digest the European Central Bank’s (ECB) overnight surprises, Asian markets on Friday decided that rate cuts and
    Source: Bloomberg  -  885 words
  • Article, Illustration
    Lock icon Tan Cheng Bock makes second run for presidency
    853 1  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TAN Cheng Bock the man who came within a whisker of becoming Singapore’s President in 2011 wants a second shot at the highest office of the land. The former People’s Action Party (PAP) member of parliament
    PHOTO: MARK CHEONG/ THE STRAITS TIMES  -  853 words
  • Article
    Lock icon Market rebound
    27 1 MIXED REACTION EUROPEAN markets are on a roller coaster as participants try to absorb the implications of ECB president Mario Draghi’s further monetary stimulus. 2
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  • Article
    Lock icon Chinese foray
    31 1 PROPERTY CHINA’S biggest state-owned developer Greenland Group has taken the first step of securitising its global real estate assets and has made Singapore its first port of call. 3
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  • Article
    Lock icon Sterling stuff
    34 1 BANK NEGARA IN April, Malaysia’s most admired “Grade A” central bank governor Zeti Akhtar Aziz will bow out of the institution she has led for 16 years, leaving a great legacy. 4
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  • Article
    Lock icon Paying debt
    28 1 CHINA FIX A NEW approach to managing China’s corporate debt burden may offer temporary relief for banks but spell further difficulties for the country’s economy. 17
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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 28-30 Life Culture 31 LIVING Living L2-4 Dining L5-7 Travel L8-9 Design L10-12 Style L13 Motoring L14-15 Golf
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,828.86 (+19.74) GSTI FUTURES 2,827.00 (+19.00) GSIMSCI 318.31 (+2.25) GSIMSCI FUTURES 319.35 (+3.40) STOCKS Friday Change KL COMP 1,696.54 +5.63 NIKKEI 225 16,938.87 +86.52 HANG SENG 20,199.60 +215.18 SET 1,393.41 +14.35 JAKARTA 4,813.78 +20.58 MANILA 7,098.64 +50.56 KOSPI 1,971.41 +2.08 SHENZHEN B 1,084.78 -6.76 MUMBAI 24,717.99 +94.65 10.45
      136 words
    • Article
      Lock icon Mixed reaction to latest ECB stimulus
      688 2  -  Markets rebound; it’s all going to end in chaos, says the bank’s former chief economist By Neil Behrmann btworld@sph.com.sg London EUROPEAN markets are on roller coaster as participants attempt to absorb the implications of Mario Draghi’s further monetary stimulus. After the euro slumped initially
      688 words
    • Article, Illustration
      Lock icon Greenland injects S$5b assets into S’pore SPV
      766 3  -  This is the first step the China developer is taking to securitise its global real estate assets By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CHINA’S biggest state-owned developer Greenland Group has taken the first step of securitising its global real estate assets and has
      PHOTO: AMARE GROUP  -  766 words
    • Article, Illustration
      Lock icon Bank Negara’s Zeti: a tough act to follow
      844 4  -  Malaysia’s central bank governor will retire next month after 16 years of sterling service By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore COME April, Malaysia’s most admired “Grade A” central bank governor Zeti Akhtar Aziz will bow out of the institution she has led
      PHOTO: REUTERS  -  844 words
    • Article
      Lock icon 1MDB-linked banker exits firm amid controversial paycheck
      455 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore QUESTIONS linger over the handsome earnings claimed by 1MDB-linked private banker Yak Yew Chee even as BSI Singapore said this week that he had left the bank. His purported paycheck may have once made him the highestpaid
      455 words
    • Article, Illustration
      Lock icon First there were drones, now comes Dronebox
      608 5  -  This system for remote area operations has attracted interest of firms and governments By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PERCHED on what looks like a miniature helipad marked with a four-blade propeller inside a circle, and set on an 80cm by 80cm by
      PHOTO: YEN MENG JIIN  -  608 words
    • Article, Illustration
      Lock icon Tesla looking to test car slapped with S$15k levy again
      547 5  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore TESLA is working with Singaporean authorities to conduct tests again on one of its cars here that was slapped with a S$15,000 carbon emissions surcharge, a spokeswoman of the US car company has told
      PHOTO: LINDA CHOO  -  547 words
    • Article, Illustration
      Lock icon Visionaries vital for future-ready businesses
      589 6  -  Teams and workers with right attitude and versatility are as needed as leaders By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore FUTURE-READY businesses need more than just visionary leaders. They need teams that embody the right attitude and are versatile workers. This was the key takeaway from
      PHOTO: E50  -  589 words
    • Article, Illustration
      Lock icon Deutsche Bank cuts bonus pool for last year by 11%
      478 6 Bloomberg Frankfurt DEUTSCHE Bank AG, which runs Europe’s biggest investment bank, cut its bonus pool by 11 per cent after rising legal expenses hurt earnings last year and said volatility in financial markets means the first quarter may be challenging.
      Bloomberg; PHOTO: REUTERS  -  478 words
    • Article, Illustration
      Lock icon Following your passion may be a bad idea
      963 7  -  Tired of the rat race and thinking of pursuing your passion? Read this before you quit your job CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg @VivienShiaoBT THE phrase “follow your passion” is probably one of the most common career clichés of all
      963 words
    • Article, Illustration
      Lock icon Mahathir loses his job as Petronas adviser
      267 7 Bloomberg Kuala Lumpur MALAYSIA terminated former premier Mahathir Mohamad as an adviser to the nation’s oil company, saying his plan to topple the current administration means he should not be holding any government-related positions. Prime Minister Najib Razak’s Cabinet “unanimously” agreed on Friday
      Bloomberg; PHOTO: BLOOMBERG  -  267 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Empowering future leaders
      2849 8 / 9  -  SAP’s CEO Bill McDermott, back from a serious injury, hopes to build a better company that can change people’s lives. By Amit Chowdhury By Amit Chowdhury amit@sph.com.sg @AmitRoyCBT WHEN Bill McDermott gets some time off from his day job of running one of the world’s most high
      PHOTO: YEN MENG JIIN  -  2,849 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Keppel Fels to deliver semisub to Floatel
      434 10  -  Keppel O&M’s managing director says all its vessels continue to receive strong demand By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Offshore Marine’s (Keppel O&M) subsidiary, Keppel Fels, is on track to deliver within the contracted schedule a fifth high-specification accommodation semi-submersible (semisub)
      434 words
    • Article, Illustration
      Lock icon China Environment surges as penny stocks advance
      331 10  -  HOT STOCK By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PENNY stocks off punters’ radar gained favour on Friday, with China Environment taking the lead to land behind Ezra Holdings as the second most traded counter at the close of trading hours. Over 125.8
      Source: Bloomberg  -  331 words
    • Corporate digest
      • Article
        Lock icon Del Monte Pacific
        93 10 DEL MONTE Pacific swung into the black in the third quarter ended Jan 31, 2016, recording a net profit of US$590,000, against a loss of US$2.2 million last year, thanks to the absence of a large provision for inventory as well as foreign exchange losses it had
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      • Article
        Lock icon Huan Hsin Holdings
        27 10 HUAN HSIN Holdings has received the Singapore Exchange’s approval for a one-year extension to March 4, 2017 to meet the requirements for watch-list removal.
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      • Article
        Lock icon Yongnam Holdings
        69 10 STEEL contractor Yongnam Holdings’ net profit hit S$6.43 million for the year ended Dec 31, 2015 a reversal from FY2014’s net loss of S$8.49 million. Revenue jumped 32.3 per cent to S$280.62 million. Earnings per share stood at 2.03 Singapore cents, versus a loss per share of 2.68
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    • Article, Illustration
      Lock icon mm2 Asia invites investors to Karen Mok concert
      314 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore LISTED local movie producer and entertainment group, mm2 Asia, is inviting its shareholders to a concert promoted by UnUsUal Group of Companies, which the former has identified as an acquisition target. Up to 250 tickets
      314 words
    • Article, Illustration
      Lock icon Approach investing like buying durians
      1186 11  -  Understand just what you’re getting into and examine the ‘fruit’ closely before parting with your money SATURDAY SOAPBOX By Arthur Lee arthurl@sph.com.sg Singapore MY newsroom colleague Anita recently wrote “An IPO elsewhere is not always a big loss for SGX”. A successful SME owner gave
      ST FILE PHOTO  -  1,186 words
    • Article
      Lock icon STI STOCKS
      313 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 +1 242/238 271 209 6.1 6330.4 CapitaLand 312 +1 314/308 379 267 12.5 2.9 *****.7 CapitaMall Trust 211 -2 213/211 228 184.5 5.3 7334.5 CityDev 749 cd -5 757/746 1095 661
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    • Article
      Lock icon SGX ETFs Most Active
      111 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US639 -3 497 644/612 827/575 639/642 79.9 IS Asia BND US US1021 -19 98 1041/1018 1096/1010 1020/1048 STI ETF 283 +3 88 284/280 355/254 282/283 DBXT MSINDO us$ US1293 +7 35 1293/1281
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      794 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 7 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Tee Intl 10-Mar-16 Phua Chian Kin Buy 45 0.23 *****4 55.54 *****9 55.55 Annica Hldgs 09-Mar-16 Value
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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 9 3 2 0 0 1 9 3 3 Manufacturing 54 25 22 9 7 9 63 32 31 Commerce 20 22 11 6 2 2 26 24 13 Tpt/Stor/Comms 14 15 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,827 687 23,514 86,540 144 86,683 Manufacturing 270,237 73,008 343,245 98,984 2,278 101,263 Commerce 62,317 65,410 127,727 90,885 1,649 92,535 Tpt/Stor/Comms 270,077 878 270,955 160,157 72 160,229 Finance 47,769 72 47,841 167,218 10 167,228 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Mar 11 VALUE CLOSE BT OB/OS 457.00 -41.00 BT CADI -*****.00 +77.00 BT 10-day MA -*****.00 +46.00 FTSE ST Mid Cap 680.04 +3.51 FTSE ST Small Cap 400.94 +2.40 FTSE ST All Share 690.08 +4.23 FTSE ST China Top 162.88 +1.31 FTSE ST China 194.25 +1.92 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE EcoWise 106,892.0 0.046 +0.012 +35.29 APAC Strategic 73,637.2 0.007 +0.002 +40.00 HuanHsin 40.0 0.011 -0.009 -45.00 Saizen Reit 2,980.4 0.085 -1.030 -92.38 China Env 125,888.2 0.075 +0.016 +27.12 Nico Steel 100.3 0.025 -0.012 -32.43 MS Hldgs 143.8 0.065 -0.010 -13.33 Ryobi Kiso 83.6 0.215 +0.026
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    • Article
      Lock icon COMMODITY FUTURES Mar-10
      193 13 Price Net change change Last Trade Agricultural Mar-10 CBOT Soybeans (US cents/bu) 881.75 1.75 0.20% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.41 -0.11 -0.35% 14/03/2016 CBOT Wheat (US cents/bu) 471.50 7.75 1.67% 14/03/2016 Mar-10 LIFFE Cocoa (£/tonne) 2239.00 15.00 0.67% 14/03/2016 LIFFE Coffee (US$/tonne) 1377.00 -16.00 -1.15%
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    • Article
      Lock icon PALM OIL
      57 13 Mar 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 16 2510.0 2549.0 2549.0 2505.0 92 3125 Apr 16 2548.0 2595.0 2599.0 2548.0 1898 ***** May 16 2562.0 2608.0 2612.0 2561.0 ***** ***** Jun 16 2551.0 2602.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      65 13 Mar 11 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-21 102.63 10-Year NX*****Z 2.375 01-Jun-25 102.13 102.42 102.20 15-Year NZ*****F 2.875 01-Sep-30 104.55 104.85 104.40 20-Year NZ*****V 3.375 01-Sep-33 110.93 111.00 111.00 30-Year NA*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Mar 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0313 1.0325 0.7499 0.7504 Canadian dollar 1.0370 1.0379 0.7543 0.7541 Euro 1.5328 1.5341 1.1146 1.1150 NZ dollar 0.9206 0.9217 0.6694 0.6699 Sterling pound 1.9612 1.9627 1.4261 1.4265
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    • Article, Illustration
      Lock icon STOCK MARKETS
      116 13 Straits Times Index Source: Bloomberg YTD change: -1.87% 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: -7.82% 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  -  116 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      216 13 Most active Mar 11 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left Elektromotive Group w*****5 0.1 -0.1 ***** 1 1 50 Asia-Pacific Strategic W*****9 0.3 0.1 ***** 1 1 86 2.33 56 Ntegrator Intl Ltd W*****3 0.4 0.1
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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 10 Index Change Change Change Change Change Change World Preliminary 1212.6 -0.5 -5.1 -0.3 -6.9 -0.4 -4.2 EAFE Preliminary 933.2 -0.6 -7.9 -0.1 -8.6 -0.2 -6.1 Europe Preliminary 1315.2 -1.4 -6.9
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    • Article, Illustration
      Lock icon STI slips 9 points over the week as volume dwindles
      549 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE rise in oil prices, a bank reserve ratio cut in China and the European Central Bank (ECB) meeting on hursday, which markets hoped would yield more quantitative easing, opened a window of
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    • Article
      Lock icon GAINERS
      76 14 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 182.9 1.1 *****/***** DBXT E50 US$ 4409 149.9 2.5 5300/3968 SPDR DJIA US$ ***** 127.9 0.5 *****/***** DBXT China50 US$ 2684 55.0 1.5 4258/2355 JSH USD 2873 55.0 1.4 3578/2524 BY PERCENTAGE CLOSE UP 52w high/low AP Strat W*****6 0.2
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    • Article
      Lock icon LOSERS
      77 14 BY CENTS CLOSE DOWN 52w high/low Saizen Reit 8.5 -103.0 -92.4 114/7 IS ASIA HYG US$ 1040 -45.4 -3.1 1130/977 DBXT S&P Short US$ 2155 -33.0 -1.1 2393/2086 DBXT CSI300 US$ 769 -30.3 -2.8 1471/700 DBXT Nifty50 ETF10 ***** -30.3 -0.2 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Saizen
      77 words
    • Article
      Lock icon MOST ACTIVE
      36 14 VOLUME Ezra 187,310,100 China Env 125,888,200 EcoWise 106,892,000 APAC Strategic 73,637,200 IEV 71,164,100 Market volume 2,149,135,000 VALUE DBS Grp 66,728,647 Keppel Corp 53,614,556 OCBC Bank 48,603,922 Singtel 44,906,474 JMH USD 44,863,565 Market value 927,223,000
      36 words
    • Article, Illustration
      Lock icon SPDR Gold most active ETF month-to-date: SGX report
      456 14  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore INVESTORS have gone for gold this week as continued uncertainty in global markets sent them flocking to perceived safe havens, according to a report from the Singapore Exchange (SGX) on Friday. This came as bullion prices
      Source: SGX and Bloomberg as at March 10  -  456 words
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      41 11 Now that I have a driving licence, I can start looking around for my own set of wheels! To find that dream car, check out Class 302 to 358 in Print Classified. Call Print Classified at 1800-289-9988 to place your advertisement.
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      136 11 TONG BUILDING, 302 ORCHARD ROAD RARE FREEHOLD ENTIRE FLOOR MEDICAL USE POTENTIAL TONG BUILDING ROYALPLAZA ON SCOTTS GRAND HYATT HOTEL SCOTTS SINGAPORE MARRIOTT HOTEL LUCKY PLAZA HOTEL SOMERSET MPT WISMA NGEE ATRIA ANN SHOPPING CITY i M ORCHARD 1AC E ORCHARD CENTRE SOI« 'KW D Strata Area: Approx. 638 sqm
      136 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon New concepts at Downtown Gallery beckon
      593 15  -  OUE plans to make its upcoming retail mall in OUE Downtown more appealing to consumers By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PROPERTY group OUE plans to introduce new concepts at its upcoming retail mall Downtown Gallery in OUE Downtown to make it more appealing
      593 words
    • Article
      Lock icon India passes bill to regulate real estate sector
      489 15 It is expected to revive investor and buyer confidence Reuters New Delhi INDIA’S Upper House of Parliament passed a bill on Thursday to regulate the real estate sector, protect home buyers and ensure the timely execution of projects with an aim to
      Reuters  -  489 words
    • Article
      Lock icon Househunt
      1214 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 27 AND FEB 2, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 3 NON-LANDED Alexis Apt 29/01/2016 FH 1076 1350 1254 Commonwealth Twr Apt 29/01/2016 99 463 841 1816 Commonwealth
      1,214 words
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  • BANKING & FINANCE
    • Article
      Lock icon JPMorgan pares credit trading team amid market swings
      313 17 Bloomberg New York JPMORGAN Chase Co cut several emerging market credit traders, including global head Robert Milam, as volatility in the asset class bled into this year, according to people with knowledge of the moves. Mr Milam, an 18-year veteran of JPMorgan,
      Bloomberg  -  313 words
    • Article, Illustration
      Lock icon Indebted Chinese firms issue stock to pay loans
      1028 17 Move lets banks shore up balance sheets but may make them reluctant to shut down firms NYT Hong Kong A NEW approach to managing China’s corporate debt burden may offer temporary relief for banks but spell further difficulties for the country’s economy:
      NYT; PHOTO: BLOOMBERG  -  1,028 words
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  • TECHNOLOGY
    • Article
      Lock icon US advances plan to cede Web domain control
      391 19 Officials say the proposal is on track to be implemented before November presidential election Reuters Washington A YEARS-long Obama administration push to cede oversight of the non-profit in charge of the Internet’s technical management to the global community moved ahead on Thursday,
      Reuters  -  391 words
    • Article, Illustration
      Lock icon Yahoo labours to carry on with core business while exploring sale
      914 19 NYT San Francisco YAHOO has a dual personality these days. One is Yahoo the battered Internet giant that is up for sale, with dozens of potential bidders looking to pick up all or parts of the company on the
      NYT; PHOTO: REUTERS  -  914 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Hugo Boss to close some China outlets
      593 20 Slowdown in luxury spending to blame; firm made 60% of sales from own stores in 2015 Reuters Metzingen, Germany GERMAN fashion house Hugo Boss is closing outlets in China and will review its global store network as it tries to revive its fortunes
      Reuters; PHOTO: BLOOMBERG  -  593 words
    • Article, Illustration
      Lock icon Valeant not going bankrupt, says drugmaker’s chief
      772 20 Bloomberg New York DAYS after his surprise return from medical leave, Valeant Pharmaceuticals International Inc chief executive officer Michael Pearson gathered his senior managers at the company’s New Jersey offices to deliver a message: The drugmaker’s businesses were still mostly doing well, and
      Bloomberg; PHOTO: REUTERS  -  772 words
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  • TRANSPORT
    • Article
      Lock icon 2 China firms gunning for multi-billion-dollar Iran rail, ship deals
      594 21 CTC said to be close to US$3 billion high-speed rail agreement Reuters Beijing TWO Chinese firms are pushing for multi-billion-dollar deals with Iran to build a high-speed railway and modernise its shipping fleet following the lifting of most sanctions against
      Reuters  -  594 words
    • Article
      Lock icon US traffic safety regulator seeking more details on Google car crash
      303 21 Reuters Washington THE top US vehicle safety regulator said on Thursday that it was seeking additional details on a recent crash of an Alphabet Inc Google self-driving car in California. National Highway Traffic Safety Administration (NHTSA) chief Mark Rosekind
      Reuters  -  303 words
    • Article, Illustration
      Lock icon Investigators summon debt-laden Indian tycoon
      587 21 AFP, Reuters Mumbai INDIA’S financial crimes agency on Friday summoned the founder of the now-defunct Kingfisher Airlines Vijay Mallya in connection with a money-laundering probe, after he left the country owing more than US$1 billion in unpaid loans to banks. The Enforcement Directorate (ED) issued
      AFP,; Reuters; ST FILE PHOTO  -  587 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Import prices in February fall for 8th straight month
      443 22 But pace of decline is slowing as US$ rally fades and oil prices stabilise LATEST US DATA Reuters Washington US import prices fell in February for an eighth straight month, weighed down by declining costs for petroleum and a range of
      Reuters  -  443 words
    • Article, Illustration
      Lock icon German economy to expand despite global concerns
      333 22 Reuters Berlin THE German economy got off to a good start in 2016 and remains on a solid growth path despite headwinds from slowing emerging markets that affect the key export sector, the Economy Ministry said in its monthly report on Friday. “The
      Reuters; PHOTO: BLOOMBERG  -  333 words
    • Article
      Lock icon UK’s trade deficit with EU widens to a fresh record
      302 22 Bloomberg London BRITAIN’S goods-trade gap with the European Union widened to a record, with exports in the last three months falling to the lowest in more than six years. Data from the Office of National Statistics showed a deficit of
      Bloomberg  -  302 words
    • Article, Illustration
      Lock icon China’s labour law under fire as restructuring threatens jobs
      841 23 Guangdong scrapping rises in minimum wage through 2018; local officials wary of labour unrest Reuters Beijing CHINA’S labour protections are coming under fire from high places as economic restructuring pits officials concerned about social stability against a lobby arguing inflexible policies
      Reuters; PHOTO: AFP  -  841 words
    • Article
      Lock icon EU-US FTA by January 2017 still possible: trade official
      432 23 Bloomberg Brussels EUROPEAN Union Trade Commissioner Cecilia Malmstroem said that the EU and US can still reach a free trade agreement before US President Barack Obama leaves office in January 2017, pledging an intensification of talks in the coming months. “That
      Bloomberg  -  432 words
    • Article, Illustration
      Lock icon BOJ negative rate seen as top tool by analysts
      777 24 80% of respondents polled by Bloomberg see a further cut to the negative rate as the most likely action that Kuroda will take Bloomberg Tokyo THE Bank of Japan’s (BOJ) new negative rate is the most likely tool for any expansion
      Bloomberg; PHOTO: AFP  -  777 words
    • Article
      Lock icon Japan business mood sours in January-March: survey
      341 24 Reuters Tokyo JAPANESE business sentiment worsened sharply in the first quarter, a government survey showed on Friday, suggesting that financial market turbulence and sluggish global demand had taken a toll on a fragile economic recovery. The data keeps the pressure on policymakers to
      Reuters  -  341 words
    • Article
      Lock icon Jakarta rules out bank bailouts in new laws
      376 25 Finance Minister Bambang Brodjonegoro says he doesn’t want state budget to be exposed to financial crisis problems Reuters Jakarta INDONESIAN policymakers on Friday eliminated state finances as a potential source of support for troubled banks in changes made to proposed financial crisis
      Reuters  -  376 words
    • Article, Illustration
      Lock icon Japan marks 5th anniversary of Fukushima quake, nuclear disaster
      612 25 AFP Tokyo JAPAN paused on Friday to mark five years since an offshore earthquake spawned a monster tsunami that left about 18,500 people dead or missing along its north-eastern coast and sparked the worst nuclear disaster in a quarter century. Emperor
      AFP; PHOTO: AFP  -  612 words
    • Article
      Lock icon Myanmar’s lower house confirms Htin Kyaw as presidential candidate
      438 25 Reuters Naypyitaw MYANMAR’S lower house of parliament voted on Friday to confirm a close friend and confidant of Nobel laureate Aung San Suu Kyi as its presidential candidate, bringing the top office a step closer for the man expected to rule
      Reuters  -  438 words
  • Page 22 Advertisements
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      50 22 HOT PROPERTY AUCTION. BEDOK WALK Terr 3664 sf Corner 2sty FH, 4+1 N-E, huge gdn Tanah Merah MRT. PICARDY GDN FH Semi-D. TOP 2014. 4133/ est 5000sf. 3sty high ceiling. 4 ensuites+ 2. Pool. LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
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  • OPINION
    • Article, Illustration
      Lock icon Riding the momentum of e-commerce
      1440 26 / 27  -  Kimberly-Clark shares five lessons that have allowed it to move quickly, overcome difficulties, and scale up in the Asia-Pacific. By Rahul Asthana By Rahul Asthana ~The writer is regional marketing director, baby child care, digital ecommerce, at Kimberly-Clark Asia Pacific WHILEshop-pinghaslongbeensynony-mouswith the world-famous Orchard Road
      PHOTO: AFP  -  1,440 words
    • Article
      Lock icon Taking a leaf from K-wave book
      894 26 / 27  -  By Chung Chi-Nien, Heeyon Kim ~The writers are associate professor and assistant professor respectively of strategy policy at the National University of Singapore Business School. They are studying the origin and take-off of the Korean Wave. IN IRAN, South Korean period TV dramas have
      894 words
  • Page 26 / 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 / 27 Miscellaneous Column 1
      31 26 / 27 SATURDAY with Ludwig The movie “Spotlight” has inspired me to become an investigative tweeter in the future...’ he ovie“ potlight” hasinspired me to start my care r as an investigative tweeter...’
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  • Wealth
    • WEALTH INVESTIGATING
      • Article, Illustration
        Lock icon Assets of ultrarich come closer to earth
        1380 28 / 29  -  A slowing global economy and growing uncertainty spoil the voracious spending appetite of the world’s billionaires. By James B Stewart By James B Stewart NYT New York LAST year, a New York City penthouse sold for US$100 million and another went into contract
        NYT; PHOTO: BLOOMBERG  -  1,380 words
      • BROKERS' TAKE
        • Article
          Lock icon Fu Yu Corp Buy
          207 28 / 29 RHB Research March 11 March 11 close: S$0.179 Target price: S$0.29 WE brought Fu Yu Corporation, our top pick across the manufacturing space in Singapore, on a non-deal roadshow and here are our key takeaways from it. Firstly, management indicated that more dividends are likely to
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        • Article
          Lock icon Singapore Real Estate Investment Trusts Neutral
          237 28 / 29 OCBC Investment Research March 11 THE Q4 2015 earnings season ended without any surprises for the Singapore real estate investment trust (S-Reit) sector, as all 22 S-Reits under our coverage reported results which met our expectations. Overall distribution per unit (DPU) growth came in
          237 words
        • Article
          Lock icon Singapore Post Add
          252 28 / 29  -  Compiled by Kenneth Lim CIMB Research March 10 March 11 close: S$1.60 Target price: S$1.89 WITH the acquisitions of TradeGlobal and Jagged Peak, Singapore Post (SPOST) now serves more than 100 monobrand customers (15 previously). According to SP eCommerce, 48 per cent of US monobrands are still
          252 words
      • Article, Illustration
        Lock icon For hedge funds, 2016 so far isn’t any better than 2015
        1192 30  -  Some brand-name managers who have recorded big losses for many months are facing pressure from investors to redeem their money. By Matthew Goldstein and Alexandra Stevenson By Matthew Goldstein and Alexandra Stevenson NYT HEDGE fund titan Larry Robbins did
        NYT; PHOTO: AFP  -  1,192 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Rare blue diamond may set record
      367 31 The 10.10 carat gemstone is expected to fetch up to US$35m at Sotheby’s auction in HK AFP Hong Kong A 10.10 carat vivid blue diamond is expected to set the record for the most expensive piece of jewellery sold at auction in Asia despite
      AFP; PHOTO: AFP  -  367 words
    • Article
      Lock icon Gender stereotypes in US unchanged in 30 years: study
      404 31 Reuters New York STEREOTYPES about men and women in the United States are largely unchanged from 30 years ago, a new study shows, in findings that researchers said could be reflected in this year’s presidential election. Presumptions about personality traits, occupations,
      Reuters  -  404 words
    • Article
      Lock icon US scientists report biggest annual jump in CO2
      135 31 AFP Washington THE level of carbon dioxide in the atmosphere increased at a record pace last year, US government scientists reported, raising new concern about one of the top greenhouse gases and the effects of global warming. The measurement came from the
      AFP  -  135 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      291 31 CRYPTIC CROSSWORD Across 1 Riot Act laid out getting autocratic (11) 10 Look back and pine for classic song (5) 11 Instrument offers harmony in squeezing oxygen (9) 12 That man, plain cruel (9) 13 Part of play pictured for the audience (5) 14 Small snake is comparatively low (6)
      291 words
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  • Page 32 Advertisements
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      132 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      132 words