The Business Times, 14 March 2016

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Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Monday, March 14, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    225 1 Singapore Democratic Party chief Chee Soon Juan has hinted that he may be his party’s candidate for the upcoming by-election in Bukit Batok. TOP STORIES 2 Units at two residential developments were launched for sale over the weekend with both Cairnhill Nine and The Wisteria drawing healthy interest
    225 words
  • Article, Illustration
    Lock icon More non-core assets could be on the chopping block
    1134 1  -  In current conditions, a likely sector is oil gas, say market watchers By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore MORE boardroom huddles over whether to sell off assets considered less crucial to growth could be on the calendar as companies seek to
    FILE PHOTOS  -  1,134 words
  • Article
    Lock icon Angels split on expected government pullback in seed funding
    1020 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore ANGEL investors (known also as angels or seed investors, who buy into fledgling companies) are split on an expected government pullback in funding for seed-stage startups. While some deem the likely cutback hasty given a
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,828.86 -8.14 KL COMP 1,696.54 +4.05 NIKKEI 225 16,938.87 -75.91 HANG SENG 20,199.60 +22.90 SHENZHEN B 1,084.78 -33.00 DOW 17,213.31 +206.54
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      174 1 *****1 *****1 THE BUSINESS TIMES IWC PORTUGIESER. THE LEGEND AMONG ICONS. Portugieser Annual Calendar. Ref. 5035: It took Portugal’s ocean-going heroes centuries to become legends; IWC’s Portugieser took just 75 years. For it is that long since the appearance of the first IWC Portugieser with a pocket watch movement marked
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      16 1 SHORT-TERM PAIN INEVITABLE Business leaders assess the potential consequences of Brexit VIEWS FROM THE TOP 12
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      23 1 NEW RESTAURANT Uptown Crystal Jade’s down-home COOking DINING OUT/22 TOP LINE Local burger joint De Burg hungry to grow footprint COMPANIES MARKETS 4
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  • TOP STORIES
    • Article
      Lock icon BP could re-tender Mad Dog 2 semi-sub
      807 2  -  This is because first bids from yards in South Korea are above set budget; Keppel Fels is tipped for breakthrough as a main contractor By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore A NEW proposal drawn up for a re-ten-der of the anchor production
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    • Article, Illustration
      Lock icon 1986: Emerging from the ashes
      282 2  -  Economic Committee, aftermath of Pan-El, Emporium’s troubles. BY CAI HAOXIANG BY CAI HAOXIANG EBUILDING and consolidation were the themes of 1986 as Singapore pulled itself out of the rubble of a historic recession and unprecedented market turmoil. The government took the lead in forging a
      BT Graphics: Lynette Neo  -  282 words
    • Article, Illustration
      Lock icon Chee Soon Juan a possible candidate for Bukit Batok by-election
      625 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE Democratic Party (SDP) chief Chee Soon Juan has hinted that he may be his party’s candidate for the upcoming by-election in Bukit Batok. Less than 24 hours after the shock resignation of the
      PHOTO: ONG WEE JIN / THE STRAITS TIMES  -  625 words
    • Article, Illustration
      Lock icon Straits Trading unit eyeing property in Australia, Japan, S Korea, China
      904 3  -  CEO Desmond Tang wants to “move down slightly in the risk spectrum” and “maybe give more focus on current income” By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore STRAITS Real Estate (SRE), the investment unit of The Straits Trading Company, is
      904 words
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      142 3 J X £5* y ’-5 mm r- »$$F -s VT S 320 Fuel consumption: 8.21/100 km; C0 2 emission: 192g/km. Introducing the new Mercedes-Benz S 320. Drive home the S 320 today with an exclusive introductory package. Embodying luxury, the S 320 with 3.0-litre biturbo petrol engine comes standard with
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Local burger joint De Burg hungry to grow footprint
      845 4  -  It is on the lookout for franchisees to expand its operations both in Singapore and overseas. TOPLINE BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT HOMEGROWN burger joint De Burg is on the lookout for franchisees to expand its operations both in Singapore and
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    • Article
      Lock icon Conflicts of interest: How would one know?
      978 4  -  Due to the complexity of the subject, different practices that identify a conflict have evolved. SID BOARDROOM EEH MATTERS BY GERARD TAN T The writer is the treasurer of the Singapore Institute of Directors. OVER the last few weeks, we have covered various
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    • Article, Illustration
      Lock icon Buying by directors loses steam
      1664 6  -  Fall in purchases not surprising due to sharp rebound in the market this month.BY INSIDE MARKETS month.BY ROBERT HALILI T The writer is managing director, Asia Insider Limited THE buying by directors fell for the first time in the past four weeks with 18 companies
      Source: Asia Insider  -  1,664 words
    • Article, Illustration
      Lock icon KaloBios offered financing in plan to buy drug for Chagas disease
      763 6 BLOOMBERG Brooklyn KALOBIOS Pharmaceuticals Inc, the drug company that plunged into bankruptcy after the arrest of its former chief executive officer Martin Shkreli, is getting some help for its plan to buy a treatment for Chagas disease. Hedge fund
      BLOOMBERG  -  763 words
    • Article
      Lock icon US$ falls for second week as central banks spur risk appetite
      434 7 CURRENCIES REUTERS New York THE dollar rose against a basket of currencies on Friday, bolstered by an increased appetite for riskier assets following unexpected action from the European and Chinese central banks. Despite Friday’s gains, the dollar index still
      REUTERS  -  434 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        392 7 Mar 11 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9095.00 9200.00 9000.00 9182.50 *****9 *****1 Apr16 9020.00 9122.50 8922.50 9107.50 2047 6524 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 *****0 *****5 Sep16 *****.00 38 429 MSCI TAIWAN INDEX FUTURES Mar16
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        212 7 Most active Mar 11 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left Elektromotive Group w*****5 0.1 -0.*****60 1 1 50 Asia-Pacific Strategic W*****9 0.3 0.2 ***** 1 1 86 2.33 56 DBS MB eCW*****1 13.1 -0.5 *****
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 7 In local curr In S$ In US$ dy yr dy yr dy yr Mar 11 Index Change Change Change Change Change Change World Preliminary 1234.5 1.5 -3.4 1.1 -5.6 1.6 -2.4 EAFE Preliminary 949.3 1.7 -6.3 1.5 -7.3 2.0 -4.2 Europe Preliminary 1346.9 2.4 -4.7
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 7 Mar 11 $S Offer Bid 0vernight 0.05 0.01 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.25 US$ 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 7 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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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        251 7 Mar-11 Price Net change change Last Trade Agricultural Mar-11 CBOT Soybeans (US cents/bu) 888.00 6.25 0.71% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.93 0.52 1.66% 14/03/2016 CBOT Wheat (US cents/bu) 469.75 -1.75 -0.37% 14/03/2016 Mar-11 LIFFE Cocoa (£/tonne) 2232.00 -7.00 -0.31% 14/03/2016 LIFFE Coffee (US$/tonne) 1402.00 25.00 1.82%
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    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      63 8 STI Catalist WEEKLY Straits Times Index March 11,2016 2,828.86 -8.14 (-0.29%) Current streak 1 day Week high 2,828.86 Week low 2,778.77 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,539.95 (Feb 12,2016) FTSE ST Catalist index March 11,2016 471.44 +10.09 (+2.19%) Current streak 3 days Week high 473.21 Week low
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    • Article
      Lock icon GAINERS
      80 8 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 266.8 1.2 *****/***** Lyxor LATAM US$ 433 127.9 27.4 577/340 DBXT E50 US$ 4409 121.0 2.0 5300/3968 DBXT Nifty50 ETF10 ***** 90.8 0.6 *****/***** DBXT STGLDv US$ 3032 82.5 2.0 3243/2731 BY PERCENTAGE CLOSE UP 52w high/low TechOil&Gas eW*****9
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    • Article
      Lock icon LOSERS
      70 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5414 -323.2 -4.2 6386/4500 JSH USD 2873 -178.8 -4.3 3578/2524 Saizen Reit 8.5 -101.0 -92.2 114/7 DBXT MSJAP US$ 4546 -96.3 -1.5 5277/4031 GLD US$ ***** -81.1 -0.5 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Saizen Reit 8.5 -92.2-101.0 114/7 Elektromotw*****5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 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, Illustration
      Lock icon Bounce beginning to look stretched
      681 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER the European Central Bank opened its monetary taps last Thursday followed by the delayed action rally on Friday, all eyes will be on the US Federal Reserve to see if it will tighten at this week’s Federal Open
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    • Article
      Lock icon STI STOCKS
      313 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 -3 243/234 271 209 6.1 6330.4 CapitaLand 312 -5 318/304 379 267 12.5 2.9 *****.7 CapitaMall Trust 211 -6 217/209 228 184.5 5.3 7334.5 CityDev 749 cd -11 774/742 1095 661
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Ezra 2,364,389,800 Noble 574,281,300 Elektromotive 529,570,300 Nam Cheong 276,539,900 Rex Intl 258,267,900 Market volume 12,697,718,000 VALUE DBS Grp 468,108,048 Keppel Corp 359,727,770 Singtel 322,829,589 OCBC Bank 275,929,474 Ezra 266,022,013 Market value 6,071,979,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 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 SGX ETFs
      109 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 283 -1 1383 286/278 355/254 282/283 IS MS INDIA US$ US639 +4 1330 645/612 827/575 639/642 79.9 DBXT MSBrazil US$ US287 +28 468 287/268 399/190 286/287 DBXT MSINDO us$ US1293 +8 198 1306/1266 1492/911
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    • Article
      Lock icon COMPANY MEETINGS
      123 8 COMPANY MEETING PLACE DATE TIME 8Telecom Intl Hldgs S SGX Centre 2 #17-01 4 Shenton Way 15-Mar 10.00am Darco Water Tech E 6 Battery Road #01-01 17-Mar 10.00am Asiatravel.com Hldgs E 743 Lorong 5 Toa Payoh (Lvl 2) 18-Mar 10.00am Cosmosteel Hldgs E Jurong Country Club 9 Science
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 3 0 1 0 7 8 3 Manufacturing 70 44 31 14 14 11 84 58 42 Commerce 25 27 14 10 4 6 35 31 20 Tpt/Stor/Comms 20 15 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 164,728 4,276 169,004 587,665 915 588,580 Manufacturing 1,268,529 877,559 2,146,088 618,159 13,320 631,479 Commerce 751,219 588,825 1,340,044 754,964 26,565 781,529 Tpt/Stor/Comms 2,933,753 14,849 2,948,602 1,081,403 1,297 1,082,700 Finance 247,311 238 247,549 1,030,965 34 1,030,999 Construction
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index March 11,2016 690.08 -3.82 (-0.55%) Current streak 3 days Week high 690.08 Week low 679.68 52-week high 845.85 (Apr 17, 2015) 52-week low 629.34 (Feb 12, 2016)
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      Lock icon STI / MSCI EAFE WEEKLY
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index March 10,2016 1,644.94 +16.11 (+0.99%) Current streak 1 day Week high 1,644.94 Week low 1,612.15 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon Prices of iron ore shoot up as speculators weigh in
      790 8 COMMODITIES AFP Shanghai WITH a huge global steel glut and slowing demand in China, an enormous recent spike in the price of iron ore has left analysts scratching their heads, with some even claiming a flower show might be to
      AFP  -  790 words
    • Article
      Lock icon Energy Transfer fails to sell Sunoco: sources
      541 9 Discussions never advanced because of disagreements over valuation REUTERS New York ENERGY Transfer Equity LP, the US pipeline company that agreed to acquire Williams Companies Inc, has held talks to sell gas station and convenience store operator Sunoco LP, according to three people
      REUTERS  -  541 words
    • Article
      Lock icon PRIME LENDING RATES
      239 9 Mar 11 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd .6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1747 9 Payment Ex Rec Pay Ann (cts) date date date date Adv Integrated Mfg Corp ak 1.150 17-May 19-May 27-May 07-Mar AEM Hldgs Ltd ak 1.000 12-May 16-May 27-May 24-Feb AIMS AMP Cap Ind dq 2.650 04-Feb 10-Feb 23-Mar 28-Jan AIMS AMP Cap Ind ap 0.080 04-Feb 10-Feb 23-Mar
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1270 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.08 7.54 0.85 0.64 AIMS AMP Cap Industrial Reit 1.50 1.50 1 0.11 12.27 1.47 1.35 ARA Asset Mgt 1.50 1.50 1 0.09
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    • Article
      Lock icon SGX MAINBOARD
      2060 10 Week Ended: Mar 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale vol ('000) High 153 127 AIMSAMP Cap Reit 135 -1.5 1333 137 133 1 8.2 857.7 Low 175.5 101 ARA Asset Mgmt 115cd
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    • Article
      Lock icon SGX CATALIST
      290 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Week Div 1 0.3 t Advanced Systems 0.3 unch ***** 0.4 0.3 7.9 Net MCap High LOW Company Sale ('000) High Low C'vr P/E 29.5 16.7 t CNMC Goldmine
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    • Article
      Lock icon SGX ETF
      152 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 69.1 CIMB APAC Div US$ US76.8 +1.8 6 76.8 76.8 8.1 1440 991 CIMBASEAN40 S$D 1160 +44 0 1176 1160 1039 700 CIMBASEAN40 US$ US836 -6 24 847
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      54 4 FOR SALE B1 LIGHTINDUSTRIALUNITS MIDVIEW CITY Floor Area: 1,690 sq.ft. Tenure: 60 years URA lease OXLEY BIZHUB Floor Area: 1,292 sq.ft. Tenure: 60 years URA lease Visit www.robertkhanco.com for more details Call us at 6333 5668 to arrange for viewing. tel +65 6333 5668 fax +65 6333 5670 emailinfo@robertkhanco.com web
      54 words
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      Lock icon Page 4 Advertisements Column 2
      120 4 PUBLIC TENDER SALE Excellent range of demolition contractor’s plant inc. “BROKK” 400 (x 4) 330 (x 2) 260 (x 1) 180 (x 1) demolition robots with “ATLAS COPCO” SB552 SB302 hydraulic breakers, “HILTI” DS WS15 wire saws, Model CC700 CC520 hydraulic concrete crushers breakers, 7 ton 3 ton diesel FLTs,
      120 words
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      Lock icon Page 4 Advertisements Column 3
      7 4 T For more articles, go to btd.sg/BMatters
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  • Page 5 Advertisements
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      100 5 W Ls t t BOSS MADETO MEASURE Tailoring at its finest, made in Germany. Dedicated to individuality and sartorial perfection, every piece is unique, uniting unmistakable quality with modern individuality. Engineered with passion and precision at the HUGO BOSS headquarters in Germany, MADE TO MEASURE is a celebration of the
      100 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      450 6 SG Economy Update Why It’sYour Business We progressed from theThird World to the First in a single-generation leap riding on the Tiger economy. But with businesses facing a more complex and uncertain landscape tomorrow, how can we restructure and respond? Hear corporate leaders discuss Singapore’s near and mid-term economy and
      450 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
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      71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Healthy demand for Cairnhill Nine and The Wisteria
      667 11  -  134 of 200 units released for Cairnhill Nine in Orchard snapped up while 116 of 138 units for Wisteria are sold By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore UNITS at two residential developments were launched for sale over the weekend with both drawing
      PHOTOS: CAPITALAND, NORTHERN RESI  -  667 words
    • Article
      Lock icon Airbnb loses Virginia battle as it seeks statewide recognition across US
      471 11 WP Washington WHEN Anna Currence decided in 2007 to turn her Richmond fixer-up-per into a bed-and-breakfast, she spent almost six months getting permits from city hall, securing an alcohol licence for wine and cheese nights, and even submitting floor
      WP  -  471 words
    • Article
      Lock icon Some Midtown Manhattan office landlords lower rents
      802 11 BLOOMBERG New York MIDTOWN Manhattan office landlords are losing some power to set rents on their properties, even in the prized Park Avenue corridor, after five years of aggressive price-push-ing. Tenants at top-quality offices in Midtown paid 7.4 per cent less in February
      BLOOMBERG  -  802 words
    • Article
      Lock icon Blackstone to sell US luxury-resort firm to China’s Anbang: sources
      394 11 BLOOMBERG Seattle BLACKSTONE Group LP agreed to sell Strategic Hotels Resorts Inc to China’s Anbang Insurance Group Co for about US$6.5 billion, just three months after it purchased the US luxu-ry-resort company, according to people with knowledge of the matter.
      BLOOMBERG  -  394 words
    • Article
      Lock icon Hotel industry set for more M&A deals after busy 2015
      297 11 REUTERS Berlin A FRAGMENTED hotel industry is set for more consolidation this year by owners seeking scale to better resist shocks to the economy and to improve their bargaining position with online travel agents. The hotel industry saw a series
      REUTERS  -  297 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      33 11 PAYA UBI INDUSTRIAL PARK LEASE SALE Located at Ubi Avenue 1 1,168 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11
      33 words
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      Lock icon Page 11 Advertisements Column 2
      35 11 )!27G#AFA#’97AI AI>@=2GI> "$<& /AJHC5E !C3((L #4CJC !4H:48/AJHC5E ’;<&#;<&/AJHC5E 1 !C3((L C 3((L @C<&L;L/AJHC5E 9(;4J/A J HC5E 0 !C3((L ’;?%$K <%/AJHC5E "$<& /A65C<C 1!C3((L @C<&L;L/A65C<C 1 !C3((L 0 !C3((L 7( J D-.-110+0,, 1 !C3((L 9(;4J A65C<C B !C3((L
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Short-term pain inevitable
      1736 12 THIS WEEK’S TOPIC: As a business leader, what is your assessment of the potential consequences of a “Brexit”? Lim Soon Hock Managing Director PLAN-B ICAG Pte Ltd ANY economic community, be it the European Union, the Asean Economic Community or the proposed Trans-Pacific Partnership is perennially plagued
      PHOTO: BLOOMBERG  -  1,736 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon An introduction to stock research
      1655 13  -  The retail investor has to do serious work if he is to go up against the pros MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT A WEEK or two ago, I found myself in JCube, the Jurong East mall that had suffered in the past year
      PHOTO: REUTERS  -  1,655 words
    • Article, Illustration
      Lock icon Researching firms listed in the US
      964 13  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT LET’S LET’S assume you are at a stage where you have picked a company you want to know more about. Using Yum as an example, investors can begin their research from the company disclosure website of the US Securities
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  • Page 13 Advertisements
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      105 13 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Deutsche Bank sees fall in industry revenue this year
      1160 14 Clients are likely to pull back from trading some fixed-income securities and refrain from doing deals; lender’s co-CEOs say volatility in markets has impacted banking sector BLOOMBERG Frankfurt DEUTSCHE Bank AG, which runs Europe’s biggest investment bank, said it expects the
      BLOOMBERG; PHOTO: REUTERS  -  1,160 words
    • Article, Illustration
      Lock icon British banks slam UK Treasury’s bank levy plan
      615 14 BLOOMBERG London BRITAIN’S banks have criticised the UK Treasury’s plan to pare back the scope of the bank levy to lenders’ domestic businesses only, warning that international operations could still be subject to taxation after the changes. Under the government’s current proposal,
      BLOOMBERG; PHOTO: REUTERS  -  615 words
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  • ENERGY & COMMODITIES
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      101 15 Down The Road, My Company Will Be... Ahead of time Learning to cope l don't know None of the above If you have been relevant and adapting to changes, you belong to the elite league of 50 future-ready enterprises that deserve to he honoured in the 2016 E50 Awards. Submit
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  • TECHNOLOGY
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      Lock icon Stand-off over messaging app is latest front in tech fight
      1282 16 WhatsApp issue will provide new angle in US govt’s dispute with Silicon Valley over encryption, security and privacy NYT Washington WHILE the Justice Department wages a public fight with Apple over access to a locked iPhone, government officials are privately
      NYT; PHOTO: AFP  -  1,282 words
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      Lock icon Don’t take an absolutist view on privacy, says Obama
      488 16 AFP Austin, Texas US PRESIDENT Barack Obama made a pilgrimage on Friday to SXSW the tech world’s Davos and Woodstock rolled into one making a government recruitment pitch even as he fanned a row over encryption. Mr Obama travelled to Austin,
      AFP; PHOTO: BLOOMBERG  -  488 words
    • Article
      Lock icon Autodesk makes peace with activist investors
      488 16 NYT San Francisco WHILE activist battles at other technology companies appear to be heating up, what looked like a potential fight brewing at Autodesk has instead ended quietly. The design software maker said on Friday that it had settled with two activist hedge funds,
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      Lock icon Samsung warns of tech gloom ahead; opens up chairman’s seat to non-CEOs
      365 16 BLOOMBERG Hong Kong SAMSUNG Electronics Co warned of rising competition across businesses from smartphones to memory chips, again sounding a dour note for the global technology industry in 2016. The world’s largest smartphone vendor faces another difficult year
      BLOOMBERG  -  365 words
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  • CONSUMER
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      Lock icon India’s Micromax, once a rising brand, struggles
      922 17 Market share halves for nation’s leading smartphone maker last year REUTERS Mumbai A YEAR ago, Micromax vaulted past Samsung Electronics Co Ltd to become India’s leading smartphone brand. Today, its market share has nearly halved, several top executives have resigned, and the company
      REUTERS; PHOTO: REUTERS  -  922 words
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      Lock icon US TV networks embrace ‘binge-watching’, taking cue from likes of Netflix
      525 17 REUTERS Los Angeles US networks are changing the way they develop and release new shows, and even commercials, as they seek to adapt to new TV viewing habits and profit from the “binge-watching” made popular by video streaming services
      REUTERS  -  525 words
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      186 17 ST DBS 2016 YOUR 10 TO A SUCCESSFUL CAREER WHY ATTEND ST Jobs Express 2016? s? 6 6 A 6 •p 4Find 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
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  • GOVERNMENT & ECONOMY
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      Lock icon China does not need excessive stimulus, says PBOC chief
      800 18 But latest data shows otherwise industrial production and retail sales less than forecast; sharp drop in new credit BLOOMBERG Beijing PEOPLE’S Bank of China governor Zhou Xiaochuan said major stimulus isn’t needed to support growth even as the latest batch of
      BLOOMBERG; PHOTO: BLOOMBERG  -  800 words
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      Lock icon China to set up int’l maritime judicial centre
      354 18 AFP Beijing CHINA will establish an international maritime judicial centre, a report from the country’s top court said on Sunday, as it seeks to shore up territorial claims to the South and East China Sea at the centre of a growing regional
      AFP  -  354 words
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      Lock icon Rajan wants global rules of conduct for central banks
      683 19 RBI governor wants them to adopt a system for assessing the wider impact of their actions REUTERS Mumbai RESERVE Bank of India (RBI) governor Raghuram Rajan called for global central banks to adopt a system for assessing the wider impact of
      REUTERS; PHOTO: REUTERS  -  683 words
    • Article
      Lock icon India’s star burns bright while other emerging markets’ dim
      489 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo INDIA’S economic star is very much in the ascendant as China’s growth pace slows and the remaining so-called BRICS (Brazil, Russia and South Africa) are either in recession or flirting with it. And key global economic
      489 words
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      Lock icon Australian journalists detained in M’sia for trying to question Najib
      421 19 AFP Kuala Lumpur TWO Australian journalists were detained and barred from leaving Malaysia after they had tried to “aggressively” question Prime Minister Najib Razak about a corruption scandal, police said on Sunday. The duo were detained after they crossed a
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      Lock icon Japan aims to restore G-7 to pre-eminence over G-20
      702 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Group of Seven (G-7) advanced economies have been eclipsed lately by the rise of the broader Group of Twenty (G-20) group, which includes key emerging as well as advanced economies. But a shift in global
      702 words
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      609 18 FULL-DAY WORKSHOPS THE MODERN WORKPLACE: ARE YOU EQUIPPED FOR IT? Who should attend: Directors, Business Owners, Supervisors, Professionals, Managers, Executives, and Leaders who wish to grow further in their roles. VISUAL STORYTELLING We live in an age of information abundance and attention scarcity where audiences have lesser time to take
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      90 19 t UN > 33 -a THE PREMIER PLATFORM FOR SOURCING air Singapore Gifts Premiums Fair 2016 29 JUNE 1 JULY 2016 Marina Bay Sands, Singapore Sands Expo Convention Centre Showcase your products to leading buyers! Lifestyle Retail Gifts, Florists Hampers, Rewards Incentives and Etc. J&:X' O 47. 3INTERESTED TO EXHIBIT?
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      25 19 Astory about a box that holds big dreams for a little country Now available in Chinese Now on sale at all major bookstores and www.stpressbooks.com.sg
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      191 19 Show Me the Money (Book 2) writes about the tools and techniques of stock picking, stock valuation and portfolio management. It explains to us how companies finance their growth and shows us how to spot signs of potential trouble for listed companies. Furthermore, it shares with us the techniques of
      191 words
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  • TRANSPORT
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      Lock icon VW idea of giving up US mass market under fire
      1017 20 US dealers are heading to the carmaker’s headquarters in Wolfsburg, Germany, to tell executives they fervently oppose the suggested strategy BLOOMBERG Southfield, Michigan THE suggestion was startling: Maybe VW should give up on selling cars to America’s masses. It was
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      Lock icon UK to allow driverless cars to be tested on British motorways
      367 20 BLOOMBERG London CHANCELLOR of the Exchequer George Osborne will give the green light for driverless cars to be tested on UK motorways, helping to make the technology available to consumers by the end of the decade. The government also
      BLOOMBERG  -  367 words
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      Lock icon Air bag makers find replacing defective Takata bags tough
      854 20 REUTERS Tokyo REPLACING potentially lethal Takata Corp air bags in a mass recall is more challenging and time-consuming than expected as rival parts suppliers struggle to make bag inflators that replicate the originals fitted by the Japanese firm. The recalls so
      REUTERS; PHOTO: REUTERS  -  854 words
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      93 20 13thEDITION 17-20 MARCH SINGAPORE EXPO HALL 5 11am-10pm DAILY JOIN THE SURE-WIN* LUCKY DRAW CUT OUT THIS COUPON to WIN these prizes and more! lucky draw will be held at SPH booth #M30, M32 *Each customer is entitled to 1 chance per draw per day only. Original coupon is required.
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      63 20 mm iBSffn Baby Baby Exhibition 10-12 June 2016 Singapore EXPO Hall 5 Sell your brand, products services directly to over 70,000 new and expecting parents in June 2016! Book your space now! Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Ms Sharifah Fadlia 9005 3451 sfadlia@sph.com.sg Organised by: ibn ASUBSOWRVOFSlSl For more
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      54 20 FULL-DAY WORKSHOPS 2016 MARCH SERIES M A R 1 6 30WEDNESDAY SPH News Centre 9.30am to 6.00pm SURVIVING AND THRIVING CORPORATE STORMS Trainer Suganthi Shivkumar Early Bird by 25 Mar$489 Price From 26 Mar$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about our workshops, visit
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      1989 21 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK SUR JKT MAHO CORAL 001 60 16/3 17/3 21/3 EMERALD CORAL 097 60 23/3 25/3 29/3 PRECIOUS CORAL 005 60
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      245 21 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 292 PRW019 15/03/2016 16/03/2016 Pelindo/Perawang DAILY Marco Polo 152 BST012 15/03/2016 16/03/2016 Buatan/Buatan DAILY Marco Polo
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  • DINING OUT
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      Lock icon Uptown Crystal Jade’s down-home cooking
      1027 22  -  Crystal Jade Prestige banks on the luxe factor. BY JAIME EE NEW RESTAURANT Crystal Jade Prestige 8A Marina Boulevard #02-01 Marina Bay Financial Centre (Ground Plaza). Tel: 6509-9493 Open for lunch and dinner daily: 11.30am to 3pm (Mon to Fri); 11am to 3.30pm (Sat, Sun
      PHOTO: CRYSTAL JADE PRESTIGE  -  1,027 words
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      53 22 RIDE TO YOUR NEXT JOB, ON US APPLY FOR A JOB ON STJOBS AND GET TO YOUR INTERVIEW ON TIME. Enjoy $15 off your Uber ride* to your job interview as a first step to landing that job. AT STJobs, your career matters. Terms and conditions apply. STJOBS I Q©
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  • LIFE & CULTURE
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      Lock icon Coming to a hotel near you: a humanoid receptionist robot
      832 23 Robots are making an entry into the hospitality industry that has, until now, always prided itself on delivering a warm and personable touch AFP Berlin IN a hotel not in a galaxy far, far away, a robot bids you welcome
      AFP; PHOTO: AFP  -  832 words
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      Lock icon Turning New York trash into treasure
      333 23 AFP New York FOR 30 years, sanitation worker Nelson Molina kept New York clean and in the process found beauty in other people’s garbage, rescuing enough condemned items to fill a warehouse. On the second floor of a sanitation truck depot in East Harlem,
      AFP  -  333 words
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      Lock icon Times Square’s mosaic murals of NYC may be preserved
      824 23 NYT New York CHANCES are, you have passed by them dozens of times. Chances are, you have never noticed. Two of the largest maps of New York City are the one-storey mosaic murals on either side of the Times Square police
      NYT; PHOTO: NYT  -  824 words
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      Lock icon New LA art gallery takes up an entire city block
      593 23 BLOOMBERG New York “WE could have made it bigger,” said art dealer Iwan Wirth, reclining in a mid-century chair on the second floor of his new 116,000-square-foot gallery. “But we don’t want to be (bigger). These are manageable spaces.” Manageable,
      BLOOMBERG  -  593 words
  • Page 23 Miscellaneous
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      322 23 CRYPTIC CROSSWORD Across 6 Mary’s painting unusual insect (7,6) 8 Affair involving one office task? (6) 9 what a well-behaved inmate might get in break? (4-4) 10 The second person heard an animal on the farm? (3) 11 Snooker player seen as one with magical powers? (6) 12 Garden girl
      322 words
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  • TOP OF THE LEAGUE
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      Lock icon Imbuing works with meaning
      1066 24  -  Over the course of an illustrious career, Richard Ho has challenged many of the conventions of architecture. BY FRANCIS KAN DESIGN BY FRANCIS KAN WALK into the new premises of the Society for the Prevention of Cruelty to Animals (SPCA) at Sungei Tengah Road and one
      1,066 words
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      103 24 THE POWER TO LEAVE CLICHES BEHIND 0 Fuel consumption: 1Q9L/100km C0 2 emissions: 253g/km AMAZING IN MOTION S' r’ THE LEXUS RC F. ADRENALINE AMPLIFIED. 470 horsepower. 0-100 km/h in 4.5 seconds. This is a Lexus like never before. And beyond the numbers, the Torque Vectoring Differential delivers extreme driver
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      4 24 Brought to you by
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