The Business Times, 16 March 2016

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Microfilm: NL33803
Total Pages: 26
1 26 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 Wednesday, March 16, 2016
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  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 2,839.44 -7.62 KL COMP 1,690.92 -9.39 NIKKEI 225 17,117.07 -116.68 HANG SENG 20,288.77 -146.57 SHENZHEN B 1,097.56 -3.24 DOW (11:45am EDT) 17,203.79 -25.34
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  • Article, Illustration
    Lock icon DAILY DIGEST
    211 1 The risk of Britain leaving the EU has ratcheted up a notch, according to Reuters Breakingviews’ Brexit index an attempt to synthesise some economic and less scientific data points into one indicator. TOP STORIES 3 The Bank of Japan appears to have bowed to market concerns over its
    211 words
  • Article, Illustration
    Lock icon Muted outlook for Singapore labour demand, wages, says MOM
    717 1  -  Its 2015 Labour Market report shows jobless rate staying low at 1.9% and 15,580 workers made redundant, up 20.5% from 2014 By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore WITH job growth this year at only a fraction of the last two
    Source: MOM  -  717 words
  • Article
    Lock icon January retail sales beat expectations with 7.5% rise
    590 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore Boosted by car sales and pre-Chinese New Year shopping, Singapore’s retail sales climbed 7.5 per cent in January streaking past expectations for a more moderate year-on-year increase of 3.1 per cent. Even if the surge in
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  • Article
    Lock icon IP insurers to offer new standard Class B1 plans from May
    748 1  -  Identical benefits, providing coverage on top of MediShield Life, but premiums vary By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AFTER almost two years in the making, the new standardised Integrated Shield Plan (IP) targeted at Class B1 wards in public
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      30 1 *****1 *****1 HOCK LOCK SIEW A glimmer of hope despite local market’s problems COMPANIES MARKETS 5 YUAN TO FALL 3.5% BY YEAR-END IF CHINA SENTIMENT STAYS NEGATIVE EXECUTIVE MONEY 25
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      20 1 STRAIT TALK Unsinkable or fuel-efficient, which to go for? TRANSPORT/18 INTERNATIONAL TENSIONS Beware the wounded bear that is Russia OPINION/22
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  • TOP STORIES
    • Article, Illustration
      Lock icon New private home sales in Feb at 14-month low
      958 2  -  Market observers put this down to the slow Chinese New Year month and weak sentiment, but expect figures to perk up this month. More launches are ahead in April By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE 301 private homes (excluding executive
      Source: URA; FILE PHOTO  -  958 words
    • Article, Illustration
      Lock icon Economy bolsters leave’ EU campaign in Britain
      352 3  -  By George Hay London THE risk of Britain leaving the European Union (EU) has ratcheted up a notch. So says Breakingviews’ Brexit index, an attempt to synthesise some economic and less-scientific data points into one indicator. The data is not helping those who
      PHOTO: REUTERS  -  352 words
    • Article
      Lock icon Singapore and China renew bilateral currency swap arrangement
      155 3 Singapore THE People’s Bank of China (PBOC) and the Monetary Authority of Singapore (MAS) have renewed their bilateral currency-swap arrangement (BCSA) for a further term of three years with effect from March 7, 2016. The original arrangement was established in 2010 and
      155 words
    • Article
      Lock icon Air Mauritius moves S-E Asia hub to Singapore from KL
      724 4  -  With direct flights now a reality, the country aims to become a focal point for Asia-African ties By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE national carrier of Mauritius is shifting the focal point of its South-east Asian routes down south,
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    • Article
      Lock icon BOJ tempers its negative interest rate plans
      720 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) appears to have bowed to market concerns over its controversial policy to impose negative interest rates. At its meeting on Tuesday, its Policy Board softened the language previously used, when it suggested that
      720 words
    • Article, Illustration
      Lock icon Book of essays by those who knew Lee Kuan Yew well launched
      627 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore A NEW book that delves into the personal side of Singapore’s late founding prime minister Lee Kuan Yew goes on sale islandwide on Wednesday, exactly a week before the country marks the
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  627 words
    • Article
      Lock icon Singapore LNG importer shortlist down to three
      449 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore CHANCES of a Singapore company becoming a liquefied natural gas (LNG) importer have increased, after two competing bids by Shell and BG were combined into one. This leaves just three companies Pavilion Energy, Sembcorp Industries and Shell
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    • Article
      Lock icon Google remains business students’ top employer pick
      673 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore GOOGLE remains the top dream employer among Singapore university business students but it has slipped to second place among their engineering and natural science counterparts in the latest popularity poll by employer branding firm Universum. A*Star,
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  • Page 2 Advertisements
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    • Advertisement
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      177 2 NANYANG TECHNOLOGICAL UNIVERSITY ARE YW) STUCK? NEED INSIGHTS FROM DATA TO MAKE BETTER DECISIONS? /(X) J m 9 9 MASTER OF SCIENCE IN ANALYTICS Realise your career aspiration to be a top-notch analyst with a global university on a rapid rise. Young and research-intensive, Nanyang Technological University (NTU Singapore) is
      177 words
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  • Page 3 Advertisements
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      21 3 Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      521 3 RAINMAKER DEALMAKER This is being sought by a boutique management consulting firm in Singapore. You’re encouraged to submit your interest in strictest confidence with relevant details with due credentials to arainmaker4@gmail. com Allianz Income Strategies Play in tune with vibrant Asia, Europe and US j 3 A sweet repertoire of
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  • COMPANIES & MARKETS
    • Article
      Lock icon A glimmer of hope despite local market’s problems
      873 5  -  HOCK LOCK SIEW BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT THE dearth of mainboard initial public offerings (IPOs) on the Singapore Exchange (SGX) continues to be a source of handwringing, along with the potential delistings of notable names. While part of the problem is
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    • Article
      Lock icon SGX to list China contracts and launch Indian index futures
      394 5  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE Singapore Exchange (SGX) is offering exposure to two of Asia’s largest economies to investors, who would otherwise be concerned about direct access. The Singapore bourse operator said on Tuesday that it has partnered
      394 words
    • Article
      Lock icon Top Glove eyes secondary listing on SGX
      715 6  -  Malaysia-listed glove-making heavyweight’s proposed Singapore listing may take place by the third quarter B y Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore IF THINGS roll according to plan, the world’s largest glove maker Top Glove Corp with a market value of nearly RM7 billion (S$2.3
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    • Article
      Lock icon DBS dangles bridging loans for SMEs awaiting government grants
      596 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DBS will look to fund small and medium enterprises (SMEs) that are specifically waiting on claims through all forms of government grants, it said on Tuesday. These bridging loans can stretch up to four years,
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    • Article
      Lock icon ‘Buy’ call on Zhongmin Baihui despite TWC advice
      470 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore Exchange (SGX) has slapped a “Trade With Caution” (TWC) warning on the shares of Chinese department store operator Zhongmin Baihui Retail Group but one brokerage appears to be brushing that off. Phillip Capital issued
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    • Article
      Lock icon OCBC creates wealth management app for the masses
      305 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OCBC on Tuesday said it aims to reach the masses with ideas for managing their wealth through its latest mobile app. The app, known as OneWealth, aggregates investment ideas relating to funds, bonds and equities and
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    • Article
      Lock icon Keppel Data Centres and NSCC seek strategic collaboration
      180 6  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore KEPPEL Data Centres Pte Ltd, a wholly owned subsidiary of Keppel Telecommunications Transportation, has signed a memorandum of understanding (MOU) with the National Supercomputing Centre (NSCC). Under the MOU, Keppel Data Centres and the NSCC intend
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    • Article, Illustration
      Lock icon Tat Hong at 11-mth high
      487 7  -  Group unveils potential transaction relating to its shares but says talks are preliminary HOT STOCK By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARES of crane rental company Tat Hong Holdings were lifted to their highest in at least 11 months on Tuesday after the group said
      Source: Bloomberg  -  487 words
    • CORPORATE DIGEST
      • Article
        Lock icon Starhill Global Reit
        67 7 STARHILL Global Reit has again secured a three-year tenancy for two of its malls in Kuala Lumpur. The master tenancy agreements for Starhill Gallery and Lot 10 Property are to commence on June 28. Total annual rent for the third three-year term is at RM84.4 million (S$28
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      • Article
        Lock icon Raffles United Holdings
        71 7 BEARINGS and seals distributor Raffles United Holdings has obtained an interest-free loan of S$2.25 million from its controlling shareholder for use as working capital. The unsecured loan was made available on March 14. It is made payable by the company upon request by its controlling shareholder. The
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      • Article
        Lock icon Ipco International
        72 7 STRONG performance of its local and Chinese subsidiaries helped lift net profit and revenue at investment holding firm Ipco International in the third quarter of FY2016, or the three months ended Jan 31, 2016. Net profit attributable to equity-holders was S$6.1 million for the three months, up from
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    • Article
      Lock icon Ringgit undervalued by 28%: Mobius
      293 7 REUTERS Kuala Lumpur FRANKLIN Templeton’s Mark Mobius said on Tuesday that Malaysia’s currency is undervalued by 28 per cent, which makes the country an attractive prospect for investors looking at South-east Asian economies. The ringgit was Asia’s worst performing currency last year when it lost
      REUTERS  -  293 words
    • Article
      Lock icon Banks most wary of margin erosion from fintechs: poll
      393 7  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore TRADITIONAL financial institutions are most wary of the threats from fintechs in the form of margin erosion, a new PwC report this week showed. And the report suggested that banks are not keeping their eyes
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index March 15,2016 2,839.44 -7.62 (-0.27%) Current streak 1 day Day high 2,857.30 Day low 2,828.68 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index March 15,2016 461.46 -8.32 (-1.77%) Current streak 2 days Day high 469.65 Day low
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    • Article
      Lock icon GAINERS
      80 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 1003.7 3.7 *****/***** SPDR DJIA US$ ***** 204.1 0.9 *****/***** DBXT MSUSA US$ 5168 142.0 2.0 5573/4705 Lyxor Indonesia US$ 8083 106.2 1.0 9094/6250 DBS Bk 4.7% NCPS ***** 100.0 0.9 *****/***** BY PERCENTAGE CLOSE UP 52w high/low King
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -273.0 -1.6 *****/***** DBXT Nifty50 ETF10 ***** -260.6 -1.6 *****/***** Jardine C&C 3900 -99.0 -2.5 4258/2636 DBXT MSEurope US$ 5246 -85.5 -1.2 6300/4770 DBXT MSJAP US$ 4597 -62.0 -1.0 5277/4031 BY PERCENTAGE CLOSE DOWN 52w high/low AP Strat W*****9 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Tat Hong 12,627.7 0.635 +0.145 +29.59 Magnus Energy 72,304.0 0.003 +0.001 +50.00 JEP 38,270.7 0.035 -0.003 -7.90 HuanHsin 270.0 0.017 -0.003 -15.00 Tiong Woon 2,393.4 0.260 +0.035 +15.56 Allied Tech 549.4 0.022 +0.004 +22.22 Sinarmas Land 5,445.4 0.495 +0.060 +13.79 King Wan 83.4 0.300 +0.107
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    • Article, Illustration
      Lock icon Caution reigns as market awaits Fed clues
      674 8  -  Trading volume low with average unit value at S$0.55, against S$1 at the start of the year STOCKS By R Sivafiithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday dropped 7.62 points to 2,839.44 but the more important statistics were volume done 1.8
      Source: Bloomberg  -  674 words
    • Article
      Lock icon STI STOCKS
      313 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 -1 242/237 271 209 6.1 6304.2 CapitaLand 313 -1 317/313 379 267 12.5 2.9 *****.4 CapitaMall Trust 211 unch 212/209 228 184.5 5.3 7334.5 CityDev 750 cd -8 760/748 1095 661
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    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME Ezra 261,163,100 APAC Strategic 167,620,000 Magnus Energy 72,304,000 IEV 69,443,100 Spackman 66,959,600 Market volume 2,002,566,000 VALUE DBS Grp 72,179,006 DBXT MSAsExJp US$ 59,204,559 Singtel 53,390,447 Ascott Reit 45,800,939 Keppel Corp 38,440,970 Market value 932,532,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Mar 15 VALUE CLOSE BT OB/OS 343.00 -129.00 BT CADI -*****.00 -64.00 BT 10-day MA -*****.00 +35.00 FTSE ST Mid Cap 681.02 -0.44 FTSE ST Small Cap 399.89 -1.74 FTSE ST All Share 691.93 -1.72 FTSE ST China Top 164.52 +0.40 FTSE ST China 195.31 +0.23 FTSE
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    • Article
      Lock icon SGX ETFs
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSAsExJp US$ US3059 1375 -/-4064/2772 3089/3100 7 IS MS INDIA US$ US637 -6 205 647/635 827/575 634/637 79.6 DBXT MSJAP US$ US4597 -45 189 4617/4597 5277/4031 4585/4596 6.9 STI ETF 284 -2 144 286/283 355/254
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index March 15,2016 691.93 -1.72 (-0.25%) Current streak 1 day Day high 694.91 Day low 689.92 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Mar 14,2016 1,652.88 +7.94 (+0.48%) Current streak 2 days Day high 1,658.66 Day low 1,644.64 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 5 0 1 0 3 7 5 Manufacturing 39 39 30 4 8 8 43 47 38 Commerce 17 23 13 1 7 4 18 30 17 Tpt/Stor/Comms 11 16 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,340 686 21,026 63,029 143 63,172 Manufacturing 151,276 128,886 280,162 104,532 4,534 109,066 Commerce 76,513 77,603 154,116 96,090 2,532 98,622 Tpt/Stor/Comms 339,091 1,160 340,251 162,037 96 162,133 Finance 19,470 19,470 143,993 143,993 Construction 32,242 14,254
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore oil and gas sector
        295 8 DBS Group Research, March 15 Most companies reported disappointing Q415 results, save for Keppel (“hold”; TP: S$5.25), as a result of a wave of impairments and provisions, which swung Sembcorp Marine (SMM)(“Fair value”; TP: S$1.24), Cosco (“Fair value”; TP: S$0.24), Mermaid Maritime (Mermaid) (“Fair value”;
        295 words
      • Article
        Lock icon Ascott Residence Trust | Buy
        272 8  - Ascott Residence Trust Buy Compiled by Andrea Soh Target price: S$1.28 March 15 close: S$1.075 OCBC Investment Research, March 15 Ascott Residence Trust (ART) has entered into a conditional sale and purchase agreement to acquire a hotel known as Sheraton Tribeca New York Hotel located in downtown Manhattan, US. The
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    • Article
      Lock icon CALENDAR
      10 8 DATA IMarch 16 Singapore MAS Survey of Professional Forecasters
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    • Article
      Lock icon US$ falls against yen after weak US data, BOJ decision
      441 9 CURRENCIES REUTERS London THE US dollar fell by more than one per cent against the yen on Tuesday as weak US retail sales data compounded investors’ search for safety as oil tumbled and equity markets globally turned lower. The yen
      REUTERS  -  441 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Mar 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.996 4.858 0.671 5.792 50.264 98.233 0.844 8.885 3.091 1.124 78.127 34.964 1.029 11.719 0.736 24.493 26.204 0.523 0.746 Canada 1.004 4.876
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Mar 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0288 1.0296 0.7462 0.7467 Canadian dollar 1.0326 1.0331 0.7492 0.7490 Euro 1.5326 1.5331 1.1116 1.1118 NZ dollar 0.9153 0.9161 0.6639 0.6644 Sterling pound 1.9660 1.9667 1.4260 1.4263
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Mar 15 S$ Bid Offer 1-month 1.3793 1.3796 2-months 1.3801 1.3804 3-months 1.3809 1.3813 6-months 1.3835 1.3841 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        383 9 Mar 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9252.50 9310.00 9127.50 9240.00 *****1 *****1 Apr16 9170.00 9220.00 9055.00 9140.00 7923 8856 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****9 Sep16 *****.00 *****.00 *****.00 *****.00 66 458 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        217 9 Most active me» vs -1.1. 'Yf.“.' ‘.’.3.”.l’.f.’ '.J:'u:m. ‘--v:-: !‘(v-J: :-II I'l 1.-. 1-11 use Holdings wzomzo 1.1 on 2574:: 1 1 5 1.32 57 Ntegrator Inn Ltd W*****3 0.5 men 1739? I I 7 300 3? Rowsley Lid W161DD3 1 1 unch ***** I 1!!
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 14 Index Change Change Change Change Change Change World Preliminary 1238.1 0.1 -3.1 0.3 -5.1 0.0 -2.2 EAFE Preliminary 956.6 0.8 -5.6 0.8 -6.6 0.4 -3.7 Europe Preliminary 1354.6 0.6 -4.1
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Mar 15 $S Offer Bid 0vernight 0.05 Par 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.10 US$ 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
        69 9 Mar 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.55 100.60 100.56 5-Year NX*****X 2.250 01-Jun-21 102.08 102.15 101.90 10-Year NX*****Z 2.375 01-Jun-25 101.11 101.19 100.90 15-Year NZ*****F 2.875 01-Sep-30 103.34 103.35 102.99 20-Year NZ*****V 3.375 01-Sep-33 109.26
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        246 9 Mar-14 Price Net change change Last Trade Agricultural Mar-14 CBOT Soybeans (US cents/bu) 888.00 unch 0.00% 14/03/2016 CBOT Soybean Oil (US cents/lb) 32.25 0.32 1.00% 14/03/2016 CBOT Wheat (US cents/bu) 471.50 1.75 0.37% 14/03/2016 Mar-14 LIFFE Cocoa (£/tonne) 2220.00 -12.00 -0.54% 14/03/2016 LIFFE Coffee (US$/tonne) 1411.00 9.00 0.64%
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    • Article
      Lock icon SGX MAINBOARD
      1746 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld 153 127 AIMSAMP Cap Reit 134 +0.5 196 134.5 133 1 8.3 851.4 MCap 175.5 101 ARA Asset Mgmt 116.5cd -1.5 350 118 115.5 1.7
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    • Article
      Lock icon SGX CATALIST
      229 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div 1 0.2 t Advanced Systems 0.3 +0.1 2942 0.3 0.3 7.9 Net MCap High LOW Company Sale ('000) High Low C'vr P/E 29.5 16.7 t CNMC Goldmine
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    • Article
      Lock icon SGX ETF
      103 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1190 0 1190 1190 vol 4258 2355 DBXT China50 US$ US2708 -27 2708 2708 7.4 High 399 190 DBXT MSBrazil US$ US276 -13 27
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
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      165 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      623 6 FOR SALE BY PUBLIC TENDER Excellent range of restaurant bar equipment furniture including combi oven, cooker stove with oven, gas griller griddle, chillers freezers, ice-maker, coffee machines, TV screens, salamander, POS, notebook, CCTV, liquor, wines beers stocks, etc. Venue To be confirmed. Viewing Date Time 18 March 2016 (Friday), 2pm
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    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      299 6 For trade visitors only ProWine 12-15 April 2016 Singapore Expo, Hall 10 International Trade Fair for Wines and Spirits VISIT THE INAUGURAL PROWINE ASIA 2016 IN SINGAPORE! Newest addition to ProWein World world's leading wines spirits trade fairs More than 300 established wineries and distributors from 20 countries 16 group
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      106 7 fmg FMG CORPORATE SERVICES PTE LTD Formation I Compliance Advisory We help you set up your company anywhere with speed and ease y Manage your local and global compliance •y Facilitate bank account opening •y Assist with government grants and licenses Support with recruitment, HR advisory and work pass applications
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      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
      Lock icon AsiaMalls’ portfolio holding up in retail downturn
      789 11  -  Revenue for 4 of the 6 malls up 2.1% in 2015 with tenant sales improving 1.3% y-o-y despite a 2% drop in footfall By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DESPITE battling headwinds in the retail sector, property management company AsiaMalls Management turned in
      789 words
    • Article
      Lock icon Divergent China housing markets ‘pose issues’
      341 11 BLOOMBERG Shanghai CHINA’S top housing official has warned that the nation’s severely divergent housing markets are posing challenges to government regulations, after stimulus intended to boost sluggish real estate investment led to a home-buying frenzy in first-tier cities. The “substantial gap” between the nation’s
      BLOOMBERG  -  341 words
    • Article
      Lock icon Four more resign from Colliers office team
      548 12  -  Separately, Redas appoints Joseph Tan as successor to CEO Lee Suan Hiang who retires on April 30 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THREE experienced brokers and one analyst from the office services team of Colliers International (Singapore) are leaving for rival firm
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      Lock icon Manila office building hits 26-year high on outsourcing boom
      698 12 BLOOMBERG Manila PHILIPPINE builders are adding the most office space in Manila in at least 26 years, catering to companies such as American Express Co and International Business Machines Corp that are outsourcing more jobs to the South-east Asian nation. About
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      Lock icon China parents paying top dollar for properties that come with school rights
      690 12 AFP Beijing DOWN a ramshackle alley, with no running water or toilet, and filled with rubbish, lies a cramped, 13-square-metre room few wealthy Chinese would deign to occupy. It is for sale at nearly US$600,000. The space has
      AFP; PHOTO: AFP  -  690 words
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      207 11 WAT E R SCAPE AT GAVENAGH dential Address )WS L c n ypff a c S Bo|h 3 mi I— —I la n m, 3 t llu I 1 I III C 3 3 n. Q Crrg 3 3 ji 2-Bedroom 1 066 sqft $2.05m $2.10m 3-Bedroom 1 31 3
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      243 12 GOLDEN WALL CENTRE 89 Short Street, S(*****6) Freehold Commercial Site adjacent to Rochor MRT station Strategically located at the fringe of Central Area Within Bras Basah Bugis Planning Area, where Urban Design Guidelines seek to create a pedestrian-friendly district with an active bustling street-life and vibrant colourful street-scape Envisioned to
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      11 12 Hong Fok Group i JL HB SCAN a WATCH more @lifestyle.omy.sg
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  • BANKING & FINANCE
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      142 13 Tastefullypresentedtoyouby ArtIndexInternational Special The Art of Investing Withsomanyuncertaintiessurroundingtheglobaleconomy,investinginequitiesandforex thesedaysisgettingmuchtoorisky.Increasingly,astuteinvestorsworldwideareturningto fineartinvestmenttopreserveandgrowtheirwealth. Art Index International (Singapore) tellsuswhythiscounter-cyclicaltangibleassetclass,whichtypicallyappreciatesovertime, isoneofthebesthedgesagainstrecession. Investinginfineartisfastgainingpopularity,withtheglobalartauctionmarketgrowingatanaverageof13percentannually,fromUS$3billionin2000to US$16.1billionin2015. Resilient asset class Thegrowthisnotsurprising,giventheresilienceoffine art’svalue.76percentofartbuyerssurveyedin2014by DeloitteLuxembourgareincreasinglyacquiringartand collectibles for investmentpurposes,up from53per centtwoyearsearlier. “Fineartisoneofthefewassetclassesthathasnot beenaffectedbyanyrecentfinancialcrisis. It is an effectivecapitalgrowthvehicleorwealthpreservation tool for ourclients whoarelookingforasafehaven to parktheirmoney,”saidMrTroySadler,Managing DirectorofArtIndexSingapore. MarkHanhamShow Art Index’s solid reputation With offices in
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      227 13 ESSEC MANNHEIM EXECUTIVE MBA ASIA-PACIFIC SHAPE YOUR CAREER, EMPOWER YOUR FUTURE f Y An inclusive learning approach with a strong focus on actionable learning 't < S- -> m a With Asia playing such a large role in the world economy, I found the program's strong pan-Asian focus to be
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  • ENERGY & COMMODITIES
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      715 14 NOTICES NETLINK TRUST (Registration No. *****03) (a business trust registered under the Business Trusts Act Chapter 31A of Singapore and managed by CityNet Infrastructure Management Pte. Ltd.) DISTRIBUTION NOTICE Notice is hereby given that CityNet Infrastructure Management Pte. Ltd., as trustee-manager of NetLink Trust (“NetLink Trust”), will distribute S$60 million
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      196 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PHOENIX RE (SINGAPORE) II PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company No: *****3710C) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members
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      37 14 There is a man who carries a red box everywhere he goes. 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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      30 14 Paint the town red, or just your room Find painters to do the job or promote your services in CLASS 112 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • TECHNOLOGY
    • Article
      Lock icon Chinese hackers likely behind US ransomware attacks
      594 15 Security firms see a level of sophistication in recent cases akin to those in state-sponsored intrusions REUTERS San Francisco HACKERS using tactics and tools previously associated with Chinese gov-ernment-supported computer network intrusions have joined the booming cyber crime industry of ransomware, four security
      REUTERS  -  594 words
    • Article
      Lock icon Apple busts myth about closing apps to prolong iPhone battery
      378 15 WP San Francisco APPLE said last week that running unused apps is not draining your phone battery, dispelling a long-held belief that had battery-conscious iPhone users constantly managing their open apps. In an e-mail exchange prompted by iPhone user “Caleb”,
      WP  -  378 words
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      Lock icon Siri doesn’t have answers to some mental health concerns
      456 15 BLOOMBERG New York WHILE more and more people use their smartphone to ask health-relat-ed questions, a new study has found that conversational agents like Siri come up short when it comes to responding to serious issues involving mental health. More than
      BLOOMBERG; PHOTO: BLOOMBERG  -  456 words
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      798 15 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      1760 15 CACOLA FURNITURE INTERNATIONAL LIMITED (Incorporated in the Cayman Islands) (Co. Reg. No: CT-*****2) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Cacola Furniture International Limited (the “Company”) will be held at Hotel Re! Pearl’s Hill, Re! Union, Level 2, 175A Chin Swee Road,
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  • CONSUMER
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      330 16 Your newspaper Subscription comes with exciting rewards! -5 S 3 I K SpHg 'I! reel iigW j ttlW THE STRAITS TIMES LIANHE ZAOBAO THE BUSINESS TIMES BERITA HARIAN THE NEW PAPER LI AN H E WANBAO TAMIL MURASU CUT OUT AND REDEEM THE FOLLOWING REWARDS! EXCLUSIVE TO DIRECT SUBSCRIBERS Barossa
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Shaken DRB seen seeking RM1.5b state loan
      1084 17  -  It is at a loss as to how to sustain carmaker Proton; the loan is to assist with new model development By Pauline Ng btworld@sph.com.sg Kuala Lumpur PROTON Holdings has bled RM2.5 billion (S$831 million) in the four years since it was taken
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      Lock icon Historic vote hands Myanmar its first civilian president in decades
      519 17 REUTERS Naypyidaw MYANMAR’s lawmakers on Tuesday elected a close aide and long-time friend of Aung San Suu Kyi to become the country’s first civilian president in decades, a historic moment for the formerly junta-run nation. Htin Kyaw, 69, hailed his
      REUTERS; PHOTO: REUTERS  -  519 words
    • Article
      Lock icon Bangladesh central bank chief quits over US$81m heist
      483 17 AFP Dhaka BANGLADESH’S central bank chief resigned on Tuesday, the finance minister said, after hackers stole US$81 million from the nation’s foreign reserves in an audacious cyber-heist that has hugely embarrassed the government. “He called me yesterday and I’ve asked him to
      AFP  -  483 words
    • Article
      Lock icon February retail sales, producer prices dip
      610 17 LATEST US DATA REUTERS Washington US retail sales fell less than expected in February, but a sharp downward revision to January’s sales could reignite concerns about the economy’s growth prospects. Producer prices also slipped in February on lower energy and food costs. The Commerce
      REUTERS  -  610 words
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      152 17 tmMl mm II Vt.j m m y; m 3*<0<2'>jr i i 7 -i"; An Easter To Remember Afternoon Tea at Anti:dote (Level 1) 19 to 27 March $50 per person, includes a selection of TWG Tea Sunday Brunch at Prego (Level 1) 27 March $118 per adult, includes free flow
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  • TRANSPORT
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      Lock icon Unsinkable or fuel-efficient, which to go for?
      650 18  -  IMO set to tackle this difficult question at Thursday’s International Bunker Industry Association Forum in Singapore STRAIT TALK BY DAVID HUGHES THESE can be complicated and confusing times. When the large cruise ship Costa Concordia sank, a host of naval architects and other
      650 words
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      Lock icon Alan Chan becomes LTA chairman on April 1
      383 18 Singapore ALAN Chan Heng Loon, chief executive officer of Singapore Press Holdings (SPH), will become chairman of the Land Transport Authority (LTA) on April 1, succeeding Michael Lim Choo San who steps down after 14 years on March 31. Under Mr Lim,
      383 words
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      Lock icon Social unrest a top risk for Asia-Pac aviation
      382 18  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SOCIAL unrest, involuntary migration and terrorist threats were broadly ranked as the biggest risks weighing on the Asia-Pacific’s aviation sector today. This is according to the preliminary findings of a survey by Nasdaqlisted advisory firm Willis
      382 words
    • Article
      Lock icon VW whistle-blower’s suit accuses carmaker of deleting data
      386 18 NYT New York A FORMER Volkswagen employee has filed a whistle-blower lawsuit in Michigan, asserting that co-workers illegally deleted electronic data shortly after the US government accused the carmaker of cheating on emissions tests. The former employee, Daniel Donovan, who according to
      NYT  -  386 words
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      Lock icon Rusty jets on tarmac show India beer baron’s fallen empire
      1085 18 BLOOMBERG New Delhi IN an airfield in southern India, seven planes of the failed Kingfisher Airlines Ltd rust away relics of a former billionaire’s ambition and emblems of the complex regulations that hamper Indian aviation. The decaying aircraft, damaged by
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,085 words
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      60 18 FULL-DAY WORKSHOPS A P R 1 6 11M O N D A Y NTUC Trade Union House 9.00am to 5.00pm THE 360 LEADER This workshop is facilitated by a local trainer, accredited by The John Maxwell Company. Trainer Charles Png P R I C E $620.60 To register or find
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  • ASIA PACIFIC MARITIME 2016
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      Lock icon Revving up the engine in rough seas
      915 19  -  Despite challenging conditions, tighter environmental regulations and global trade will fuel demand for marine engines. BY FRANCIS KAN WHILE the marine engine business is going through a rough patch as a result of sluggish demand for new vessels, industry players expect the increase
      PHOTO: AFP  -  915 words
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      Lock icon APM back for 14th edition
      223 19 ASIA Pacific Maritime (APM) 2016, one of Asia’s biggest exhibitions and conferences, will return for a 14th edition with a focus on shipbuilding and marine, workboat and offshore. The three-day conference will comprise a line-up of regional and international industry figures as well as exhibitors
      223 words
    • Article
      Lock icon The arrival of smart ships
      139 19 SHIP intelligence, and in particular the smart use of data, is expected to be a big growth area within the marine industry in the longer term, according to Rolls-Royce Marine. “Ship intelligence will enable some of the most fundamental changes we are likely to experience
      139 words
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      121 19 T Asia Pacific Maritime 2016 will be held from March 16-18 at the Singapore Marina Bay Sands Expo and Convention Centre. More information about APM 2016 is available at https://www.apmaritime.com. Asia Pacific MARITIME 16-18 March 2016 Hall A, B, C, D, E F Marina Bay Sands, Singapore Asia's Premier Marine,
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      7 19 Asia Pacific MARITIME 0,l ding Mar'^e Offshore
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      1150 20 THE BUSINESS TIMES Shipping times 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 EMERALD CORAL 097 60 23/3 25/3 29/3 PRECIOUS CORAL 005 60 27/3 28/3
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      373 20 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 J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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      421 20 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN FAUST FF613 08/03 12/03 14/03 16/03 21/03 28/03 TAMESIS FF614 19/03 23/03 25/03 27/03 31/03 07/04 FIDELIO FF616 07/04 16/04 14/04 12/04
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      245 20 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 262 PRW058 17/03/2016 18/03/2016 Perawang/Perawang DAILY Marco Polo 292 PRW019 17/03/2016 18/03/2016 Pelindo/Perawang DAILY Marco Polo
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      758 21 VISUAL STORYTELLING We live in an age of information abundance and attention scarcity where audiences have lesser time to take in information, and you may even have to fight for their attention to convey your message. In this course, learn how you can plan and design infographics to send impactful
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  • OPINION
    • Article
      Lock icon Lower mobile data prices are here to stay, putting top lines under pressure
      610 22 EDITORIAL THE price war on mobile data plans that has broken out among telco service providers was expected once fibre broadband services provider MyRepublic announced its intention to become the fourth telco in Singapore, offering super cheap
      610 words
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      Lock icon The US Democrats’ tax plan: soak the rich
      886 22  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP THERE’S no subtlety about Democrats’ tax plans. Between Hillary Clinton and Bernie Sanders, details differ, but the central themes are identical: soak the rich. To hear Democrats tell it, the country’s
      THE WASHINGTON POST WRITERS GROUP  -  886 words
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      Lock icon Beware the wounded bear that is Russia
      1127 22  -  The country has been hit by the oil-price collapse, and with its impending legislative elections, nationalistic rhetoric and cross-border geo-political tensions will spike. BY THIERRY APOTEKER impending BY THIERRY APOTEKER T The writer is chairman of TAC ECONOMICS, a Paris-based economics consulting firm.
      PHOTO: REUTERS  -  1,127 words
    • Article
      Lock icon Audit quality not just auditors’ responsibility
      1209 23  -  COMMENTARY By Kang Wai Geat T The author is assistant director of technical advisory and professional standards at the Institute of Singapore Chartered Accountants DURING the high-profile trial of City Harvest Church, the auditors were rigorously cross-examined at the witness stand. Every word uttered
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      Lock icon America’s secular stagnation due to unconventional monetary policies
      1088 23  -  That’s why Warren Buffett’s optimism about America’s economic future looks misplaced. But he has history on his side, and in the very long run he will probably be vindicated. BY EDWARD CHANCELLOR BY EDWARD CHANCELLOR LARRY Summers believes that the US economy
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  • LIFE & CULTURE
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      Lock icon Demand isn’t factor holding women back from joining boards
      921 24 There are a number of deeply rooted obstacles in Japan preventing the lack of gender diversity BLOOMBERG Tokyo SAKIE Fukushima remembers the novelty of being the only woman on Korn/Ferry International’s board of directors, which she joined in 1995. Ditto when
      BLOOMBERG; PHOTO: BLOOMBERG  -  921 words
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      Lock icon UOB champions artists with autism
      525 24  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore AT last year’s annual UOB Painting of the Year competition, 16-year-old Ezra Chan participated and won the Most Promising Artist of the Year award, beating several other youths in the category of Emerging Artist (Singapore). Mr Chan has mild
      525 words
    • Article
      Lock icon Asian art sales kick off in New York after seizure of stolen statues
      473 24 AFP New York NEW YORK kicks off its annual week of Asian art sales on Tuesday, red-faced after stolen Indian statues were impounded from Christie’s and testing the market in the face of a Chinese economic slowdown.
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  • Page 24 Miscellaneous
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      305 24 CRYPTIC CROSSWORD Across 1 Housing settlement (13) 10 Sheet that doesn’t stay put it’s cold! (3,4) 11 What’s used for path, as relaid around lake? (7) 12 Take a seat it offers relaxation (4) 13 As employees may be if apathetic or enthusiastic (5) 14 Possessed of intelligence, first among
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  • EXECUTIVE MONEY
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      Lock icon Yuan to fall 3.5% by year-end if China sentiment stays negative
      944 25  -  But a falling yuan is not a one-way bet as, globally, things could well turn around with the country’s capital outflows even reversing. BY CHI LO BY CHI LO The writer is senior economist at BNP Paribas Investment Partners
      PHOTO: REUTERS; Sources: CEIC, BNPP IP (Asia)  -  944 words
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      Lock icon US oil & gas firms find equity lifeline
      934 26  - US oil gas firms find equity lifeline Risk-seeking investors are betting on crude prices having hit bottom By Clifford Krauss NYT IT was one of the darkest periods of the oil market slump. The global economy was showing fresh signs of slowing, and crude prices were collapsing so steeply that
      NYT; PHOTO: AFP  -  934 words
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      217 25 STJOBS 2016 YOUR TO A SUCCESSFUL CAREER why attend STJobs Express 2016? k U 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 career coaches* and let them
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      400 26 LEADING COMPANIES U S l tii Hi CAPTURING OPPORTUNITIES i «-< n.f r i GLOBAL CONSUMERS i i o\ BE PART OF FAMILIAR U.S. GROWTH OPPORTUNITIES THROUGH SPDR® U.S. EQUITY ETFs. Access global brands that are part of your daily life, and their growth potential, with SPDR ETFs. S27 SPDR
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