The Business Times, 17 March 2016

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Total Pages: 26
1 26 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Thursday, March 17, 2016
    22 words
  • 27 1 Wednesday Change STI 2,844.21 +4.77 KL COMP 1,693.43 +2.51 NIKKEI 225 16,974.45 -142.62 HANG SENG 20,257.70 -31.07 SHENZHEN B 1,091.05 -6.50 DOW (11:45am EDT) 17,264.74 +13.21
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  • Article, Illustration
    246 1 The Monetary Authority of Singapore is working on two initiatives to develop the ecosystem around the local fund management industry. TOP STORIES 2 Chinese Premier Li Keqiang says China will hit its growth target this year and avoid mass layoffs. TOP STORIES 4 The Media Development Authority has
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  • 725 1  -  MAS poll shows a drop to 1.9% as a bigger contraction in manufacturing and slower growth in finance insurance are factored in By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore PENCILLING in a deeper-than-thought manufacturing contraction and a slowdown in finance and insurance,
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  • 857 1  -  Even as it throws down a challenge to MyRepublic, the incumbent telcos have unveiled adjusted price plans By jaccheok@sph.com.sg Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore WIRELESS network solutions provider Consistel told The Business Times on Wednesday that it would challenge MyRepublic for the
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  • Page 1 Advertisements
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    • 11 1 THE TALENT BUSINESS Getting under the hood of LinkedIn OPINION 23
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    • 30 1 HOCK LOCK SIEW Bumpy ride ahead for Prudential and Aviva companies markets 10 NOT LOOKING GOOD Economy hotels here likely to be worst hit in 2016: survey real estate 12
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  • TOP STORIES
    • 520 2  -  One is a framework aimed at encouraging more funds to be legally domiciled here IMAS conference By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE Monetary Authority of Singapore (MAS) is working on two initiatives to develop the ecosystem around the local fund management
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    • 389 2  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AT an annual gathering of Singapore’s fund management industry, scepticism reigned over the ability of financial technology, or fintech, to disrupt the asset management and advisory space. Most young people likely to use technology have too little disposable income and
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    • 387 2  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore BUY the worst markets, not the best ones, said Templeton Emerging Markets Group executive chairman Mark Mobius at a dialogue session. The worst-hit markets, he explained, will give the best returns. And bull markets last longer than bear ones.
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    • 326 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FOUR months after the five Integrated Shield Plan (IP) insurers agreed to freeze the top-up portion of all IPs for a year following the implementation of MediShield Life, Prudential Singapore is the first to raise its
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    • 661 2 AFP Frankfurt DEUTSCHE Boerse and the London Stock Exchange on Wednesday agreed to press ahead with their planned US$30 billion merger to create one of the world’s biggest exchanges, insisting the tie-up will succeed irrespective of the outcome of the
      AFP  -  661 words
    • 572 4  -  Reform and development aren’t mutually exclusive, he says, but observers note that reform efforts are stalling By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S Prime Minister Li Keqiang on Wednesday declared that the country would achieve its growth target this year and
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    • 1011 4 Washington DONALD Trump’s road to securing the Republican presidential nomination got longer after Tuesday’s primaries in five states. Democratic front-runner Hillary Clinton’s got shorter. The Republican front-run-ner didn’t get the sweep he wanted, losing Ohio to Governor John Kasich. Mr Trump’s latest political
      PHOTOS: BLOOMBERG, REUTERS; PHOTO: REUTERS  -  1,011 words
    • 474 4 LATEST US DATA REUTERS Washington UNDERLYING US inflation increased more than expected in February as rents and medical costs maintained their upward trend, which could keep the Federal Reserve on course to gradually raise interest rates this year. The
      REUTERS  -  474 words
    • 787 4  -  By amit@sph.com.sg Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore FOLLOWING extensive public consultations and feedback, the Media Development Authority of Singapore (MDA) has finalised its slate of measures to enhance protection for consumers of pay-TV content. These measures under the Media Market Conduct
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    • 547 5  -  Some slash their travel budgets, others look at economy or budget fares, to get more value for flights and hotels By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CORPORATIONS are tightening their travel policies to stretch their budgets amid headwinds in
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    • 495 5 THE STRAITS TIMES Singapore FOUR Singapore citizens have been dealt with under the Internal Security Act (ISA) for taking part in violence or intending to undertake violence in armed conflicts overseas, the Ministry of Home Affairs announced on Wednesday.
      THE STRAITS TIMES  -  495 words
  • Page 2 Advertisements
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  • COMPANIES & MARKETS
    • 415 6  -  Proceeds raised so far this year up 7.7% at US$6.6 billion, the highest first-quarter figure since 2013 By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BOND proceeds raised by Singa-pore-based issuers so far this year were up 7.7 per cent from a year ago at
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    • 261 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOBLE Group’s chief operating officer William Cronin is retiring on March 31, the second high-level figure to leave the executive management of the embattled commodity trader in recent months. But Mr Cronin, 53, will remain as a part-time consultant
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    • 263 6  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore OKH Global opened trading on Wednesday morning at 52.5 Singapore cents before dropping to a low of 35 cents, after 548,000 shares changed hands. The unusual price movement prompted a query from the Singapore Exchange
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    • 465 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MORE property companies are leveraging the bond market to raise funds, with Ascott Reit and City Developments (CDL) both issuing bonds on Wednesday. Ascott Reit issued S$ 120 million in eight-year bonds with
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    • 494 7  -  Initial public offering of 28.8 million placement shares fully subscribed By Grace So graceso@sph.com.sg Singapore Singapore MALAYSIAN gold mining group Anchor Resources is hopeful to turn a profit by the end of 2016, despite posting full-year net losses for the
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    • 208 7  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore VARD Holdings has signed a letter of intent for the construction of four luxury expedition cruise vessels for French cruise company Ponant. The vessels will be developed by Vard, Ponant and Fincantieri. The ice-class expedition
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    • 239 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AN ongoing pullback in the regional banking industry has claimed another prominent casualty in Singapore as the weakness of the global economy and a slowdown in China continued to bite. Well regarded economist Chua Hak
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    • 398 7  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE Trendlines Group, a Catalist-list-ed medical (medtech) and agricultural tech (agtech) incubator, has lost its bid to renew its agtech incubator licence in Israel but said this will not materially impact the group's earnings for
      398 words
    • Article, Illustration
      63 8 STI Catalist Straits Times Index March 16,2016 2,844.21 4.77 (0.17%) Current streak 1 day Day high 2,854.87 Day low 2,833.08 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index March 16,2016 462.59 1.13 (0.24%) Current streak 1 day Day high 466.10 Day low
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    • 75 8 BY CENTS CLOSE UP 52w high/low JSH USD 2890 91.2 2.3 3578/2524 Jardine C&C 3973 73.0 1.9 4258/2636 SPDR S&P500 US$ ***** 63.5 0.2 *****/***** DBXT E50 US$ 4441 44.2 0.7 5300/3968 Hyflux 6% CPS ***** 20.0 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low AP Strat W*****9 0.2
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    • 77 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5376 -85.7 -1.1 6386/4500 GLD US$ ***** -58.0 -0.4 *****/***** DBXT MSTHAI US$ 1783 -55.3 -2.2 2300/1419 DBXT MSJAP US$ 4566 -42.8 -0.7 5277/4031 DBXT MSEurope US$ 5217 -40.1 -0.6 6300/4770 BY PERCENTAGE CLOSE DOWN 52w high/low OKH Global 35 -33.3
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    • 82 8 VOL CLOSE($) CHANGE IPCO Intl 130,318.5 0.006 +0.002 +50.00 Ziwo 1,175.0 0.030 +0.012 +66.67 Joyas Intl 29,208.1 0.006 +0.001 +20.00 Attilan 6,865.8 0.005 +0.002 +66.67 Medtecs Intl 2,300.5 0.052 +0.006 +13.04 Hoe Leong 21.2 0.044 -0.007 -13.73 KimHeng Offshore 23,448.2 0.119 -0.006 -4.80 Lasseters Intl 200.0 0.051 -0.002
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    • 643 8  -  STI inches up after staying in the red for most of the day; also helping is Europe’s higher opening STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT Activity in the local stock market, which had shown signs of slowing over the past week, ground to
      Source: Bloomberg  -  643 words
    • 313 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 +2 244/239 271 209 6 6356.7 CapitaLand 314 +1 318/313 379 267 12.6 2.9 *****.1 CapitaMall Trust 210 -1 214/210 228 184.5 5.4 7299.7 CityDev 758 cd +8 759/750 1095 661
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    • 34 8 VOLUME IPCO Intl 130,318,500 LionGold 73,903,800 Annica 64,931,600 Ezra 61,536,500 InnoPac 54,550,100 Market volume 1,486,966,000 VALUE Singtel 54,395,261 DBS Grp 42,665,634 Ascendas Reit 33,469,329 OCBC Bank 30,716,577 UOB 30,127,354 Market value 749,521,000
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    • 77 8 Mar 16 VALUE CLOSE BT OB/OS 214.00 -129.00 BT CADI -*****.00 +15.00 BT 10-day MA -*****.00 +21.00 FTSE ST Mid Cap 684.02 +3.00 FTSE ST Small Cap 400.73 +0.84 FTSE ST All Share 693.24 +1.31 FTSE ST China Top 164.18 -0.34 FTSE ST China 193.74 -1.57 FTSE
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    • 108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US635 -2 180 636/630 827/575 635/638 79.4 DBXT MSBrazil US$ US262 -14 81 264/262 399/190 260/261 STI ETF 285 +1 69 286/284 355/254 285/286 ABF SG Bond ETF 116.1 -0.6 49 116.1/115.8
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    • 35 8 STI FTSE ST All-Share ftse ST All-Share index March 16,2016 693.24 1.31 (0.19%) Current streak 1 day Day high 694.39 Day low 691.17 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index Mar 15,2016 1,637.93 -14.95 (-0.90%) Current streak 1 day Day high 1,651.16 Day low 1,634.47 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 1 0 7 6 3 Manufacturing 32 38 27 7 9 8 39 47 35 Commerce 20 22 9 4 5 6 24 27 15 Tpt/Stor/Comms 13 10 11
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    • 121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,662 2,153 16,815 46,015 421 46,436 Manufacturing 118,633 195,090 313,723 86,479 2,341 88,821 Commerce 42,138 57,340 99,478 60,641 1,420 62,060 Tpt/Stor/Comms 141,707 1,986 143,693 140,412 166 140,578 Finance 66,586 66,586 114,755 114,755 Construction 155,008 5,968
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    • BROKERS’ TAKE
      • 173 8 DBS Group Research, March 16 February remained another quiet month with a 23 per cent year-on-year drop in new private residential units sold to 301 transactions. Given the lack of new property launches, developers focused on marketing unsold stock. Sales volume in OCR (Outside Central Region) grew
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      • 309 8  - Singapore telco Neutral Compiled by Andrea Soh CIMB Research, March 15 Last week, singtel launched its DataX2 promotion, which allows new and re-contracting subscribers to double their mobile data quota for a flat fee of just S$5.90/month over a 2-year contract period. Subsequently, M1 and StarHub responded with their own
        309 words
    • 8 8 DATA IMarch 17 US Initial Jobless Claims
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    • 404 9 CURRENCIES REUTERS London THE US dollar climbed against a basket of currencies and rose against the yen on Wednesday, as investors positioned for fresh guidance from the Federal Reserve on when US interest rates are likely to rise. The dollar index rose 0.25
      REUTERS  -  404 words
    • FOREX RATES
      • 471 9 Mar 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.997 4.860 0.672 5.784 50.197 98.925 0.847 8.899 3.085 1.128 78.004 34.853 1.030 11.991 0.737 24.495 26.119 0.528 0.745 Canada 1.003 4.876
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      • 155 9 Mar 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0293 1.0302 0.7451 0.7453 Canadian dollar 1.0328 1.0337 0.7479 0.7477 Euro 1.5307 1.5322 1.1081 1.1085 NZ dollar 0.9126 0.9136 0.6606 0.6610 Sterling pound 1.9478 1.9496 1.4100 1.4105
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      • 22 9 Mar 16 S$ Bid Offer 1-month 1.3819 1.3829 2-months 1.3827 1.3837 3-months 1.3834 1.3845 6-months 1.3857 1.3871 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 389 9 Mar 16 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Mar16 9250.00 9405.00 9220.00 9392.50 *****6 *****4 Apr16 9140.00 9312.50 9135.00 9297.50 ***** ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Sep16 *****.00 *****.00 *****.00 *****.00 41 506 MSCI TAIWAN
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      • 210 9 Most active Mar 16 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left CSC Holdings W*****9 1 -0.1 ***** 1 1 -5 2.10 57 Asia-Pacific Strategic W*****9 0.2 0.1 ***** 1 1 71 3.50 56 UOB MB eCW*****5 11.9 unch
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Mar 15 Index Change Change Change Change Change Change World Preliminary 1231.3 -0.7 -3.6 -0.4 -5.4 -0.7 -2.8 EAFE Preliminary 949.1 -0.8 -6.3 -0.6 -7.1 -0.9 -4.6 Europe Preliminary 1344.2 -0.8 -4.8
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    • BANK RATES
      • 154 9 Mar 16 $S Offer Bid 0vernight 0.03 0.01 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.03 US$ 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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      • 69 9 Mar 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.56 100.63 100.63 5-Year NX*****X 2.250 01-Jun-21 102.08 102.28 102.05 10-Year NX*****Z 2.375 01-Jun-25 101.42 101.55 101.20 15-Year NZ*****F 2.875 01-Sep-30 103.93 104.30 103.30 20-Year NZ*****V 3.375 01-Sep-33 109.77
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    • AGRI METALS ENERGY
      • 250 9 Mar-15 Price Net change change Last Trade Agricultural Mar-15 CBOT Soybeans (US cents/bu) 892.00 -3.75 -0.42% 13/05/2016 CBOT Soybean Oil (US cents/lb) 32.49 0.04 0.12% 13/05/2016 CBOT Wheat (US cents/bu) 477.25 -1.50 -0.31% 13/05/2016 Mar-15 LIFFE Cocoa (£/tonne) 2258.00 4.00 0.18% 13/05/2016 LIFFE Coffee (US$/tonne) 1392.00 -19.00 -1.35%
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    • 710 10  -  HOCK LOCK SIEW BY CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT MACRO and firm-spe-cific factors point to a bumpy ride in the new financial year for Prudential Singapore and Aviva Singapore the two British-based insurers here which last week reported their 2015 full-year results. The
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    • 426 10  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore LOCAL developer Hiap Hoe, through its subsidiary Meteorite Property, has entered into an agreement to sell a second property in Melbourne to an Australian developer. It will go for A$60 million (S$61.7 million) before taxes. The
      426 words
    • 306 10  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur BURSA Malaysia’s first listing for the year Ranhill Holdings Bhd made a poor debut on the stock exchange on Wednesday, opening below its RM1.20 (40 Singapore cents) offer price before ending 16 per cent lower at RM1.01.
      306 words
    • 1790 11 Transaction date: Mar 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 134 unch 180 134 133.5 1 8.3 851.4 MCap 175.5 101 ARA Asset Mgmt 119cd +2.5
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    • 299 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) 1 0.2 t Advanced Systems 0.3 unch 1000 0.3 0.3 7.9 Day Low Div C'vr GrYld Net P/E MCap 35 8.8 t 3Cnergy 8.8 29.5 16.7
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    • 124 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1039 700 CIMBASEAN40 US$ US838 +2 0 838 838 131.4 4258 2355 DBXT China50 US$ US2706 -2 8 2708 2691 7.4 399 190 DBXT MSBrazil US$ US262 -14
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  • Page 6 Advertisements
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      248 words
    • 716 6 in ANCHOR RESOURCES LIMITED (Company Registration Number *****1549N) (Incorporated in the Republic of Singapore on 12 August 2015) Issue Manager, Sponsor and Placement Agent UOBKayHian UOB KAY HIAN PRIVATE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0447W) Placement in respect of 28,800,000 Placement Shares at S$0.25 for
      716 words

  • Page 7 Advertisements
    • 261 7 2016 Singapore Budget Seminar Recent Tax Developments 31 March 2016, Thursday 1pm to 4.30pm STI Auditorium 168 Robinson Road, Level 9, Capital Tower, (S) *****2 (Registration with light lunch starts at 12pm, refreshments networking session at 4.30pm 5.30pm) Minister for Finance, Mr Heng Swee Keat, will deliver Singapore’s FY2016 Budget
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    • 232 7 AccountServe A Stone Forest Company Need Help With Tax Forms and Filing Deadlines? We Help Individuals, Expats and Small Businesses With Their Tax Matters: Income tax returns and tax computations for individuals and partnerships Returns of employees rom.inerano t {Tonr R8A! and tax clearance (IR21) Corporate income tax computation and
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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 71 11 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
    • 740 12  -  This is on the back of significant increase in supply and intensifying competition By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A PROJECTED decline in Singapore hotel market performance this year is expected to be most pronounced for hotels in the
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    • 1081 12 Officials welcome pause in escalating prices that have made business prohibitive NYT New York IT is a question of supply and demand. On a seven-block stretch of 57th Street and nearby, there are at least 300 apartments in seven buildings priced at a
      NYT; PHOTO: NYT  -  1,081 words
    • 216 12 REUTERS Hong Kong THE sale of a plot of land on the exclusive southern side of Hong Kong Island fetched less than what analysts had expected, making it the latest in a string of government land sales to do so. Property is a
      REUTERS  -  216 words
    • 187 12 BLOOMBERG Ottawa A SOARING real estate market in Vancouver helped push the national average home price in Canada above the half-million dollar mark for first time in February, stoking concern that risks are becoming lopsided. Average resale prices jumped 16 per cent
      BLOOMBERG  -  187 words
    • 560 13 Developer is seeing signs of renewed confidence from consumers as they move beyond negative reports on currency and political developments: group MD you fly. Now the skies are clearer.” BLOOMBERG Kuala Lumpur MAH Sing Group Bhd said it is ready
      you fly. Now the skies are clearer.” BLOOMBERG  -  560 words
    • 1033 13 Total P2P borrowing for home deposits reaches 924 million yuan in January BLOOMBERG Beijing WHEN Fu Songtao found his ideal home in the suburbs of Shanghai, he faced the typical problem of would-be homebuyers: Coming up with enough cash for a
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,033 words
    • 279 13 REUTERS Dublin RESIDENTIAL rents in Dublin have risen above peaks hit during a property boom a decade ago amid a severe housing shortage that threatens Ireland’s attractiveness to multinational firms. Rents in Dublin rose 0.4 per cent above the high hit
      REUTERS  -  279 words
    • 353 13 BANGKOK POST Bangkok THAILAND’S The Miracle Group is eyeing Suvarnabhumi airport for its next “sleep box” hotel after the soft launch of the sleep cabins at Don Mueang airport this week. Aswin Ingkakul, executive director of the Miracle Group, said the company
      BANGKOK POST  -  353 words
    • 755 14 Property owners face woes like overbuilding, oil price slump, strong dollar, falling stock prices, and China slowdown BLOOMBERG New York LENDERS are getting stingier when it comes to funding risky US real estate developments, putting pressure on landlords in need
      BLOOMBERG; PHOTO: BLOOMBERG  -  755 words
    • 611 14 BLOOMBERG Boston BEFORE beginning the hunt for their first house, Tennessee residents Brittany and Craig Murphy pared their student debt, saved for a downpayment and got an income boost from her new job. The major hurdle was what came next.
      BLOOMBERG  -  611 words
    • 975 14 Property transactions for districts 1 to 28 with contract dates between Feb 3 and Feb 9,2016 Note: Data extracted on March 14,2016 Applies to landed property Information is provided by SISV Services Pte Ltd. SPH gives no warranty as to the accuracy of the information and disclaims all liability
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  • Page 12 Advertisements
    • 236 12 SINGLE STOREY COLD STORAGE FACILITY FOR SALE cc o f—o LU 2 2 O o cc < o. a 2 O CC o SUBJECT PROPERTY O < o cc LU i o INTERNATIONAL ROAD Located in Chin Bee Food Zone along Quality Road Site Area: Approx. 185,961 ft 2 GFA:
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    • 176 12 FOR SALE Industrial Building with Vacant Adjoining Land BAYAN LEPAS PENANG ISLAND MALAYSIA Bayan Lepas Industrial Zone Phase 4, Penang, Malaysia Land Size: Approx. 10.6 acres (2 plots) Tenure: Leasehold with 53 years remaining Built-Up: 224,197 sq ft (double storey building) Best Trade Use: Electronic Semiconductor manufacturing For more information,
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  • Page 13 Advertisements
    • 356 13 EXCELLENT OPPORTUNITY Gul Crescent Industrial Building with Dual Entrances, Loading/ Unloading Bays, Large Warehouse with up to 30KN/m2floor loading Close Proximity to Gul Circle MRT LandArea:Approx 117,499 sqft Gross FloorArea:Approx 64,495 sqft Business 2 Zoning, Plot Ratio 1.4 Lease Tenure: approx 25 years balance EOI Closing 12th April 2016, Tuesday
      356 words


  • BANKING & FINANCE
    • 1145 15 Banks are spinning out or selling tools pertaining to data security, mobile applications and systems integration REUTERS New York BIG Wall Street banks, after spending massive amounts of money and time to get their old, creaking systems in better
      REUTERS  -  1,145 words
    • 1055 15 Reserve Bank of India due to complete bank audits by the end of this month BLOOMBERG Mumbai THE day of reckoning is coming: The Reserve Bank of India is due to complete its audit of all 50 of the country’s banks by
      BLOOMBERG; PHOTO: REUTERS  -  1,055 words
  • Page 15 Advertisements
    • 455 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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    • 337 15 GLOBAL PREMIUM HOTELS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****8650E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Global Premium Hotels Limited will be held on 8 April 2016 at 9.00 a.m. at 456 Alexandra Road #04-07 Fragrance Empire
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  • ENERGY & COMMODITIES
    • 1045 16 Rising prices also increase inflationary pressure, limiting scope of the central bank to stimulate the economy BLOOMBERG Shanghai CHINA got a US$460 billion break annually during the collapse in commodity costs, so this year’s rally in everything from oil to iron ore
      BLOOMBERG; PHOTO: REUTERS  -  1,045 words
    • 782 16 For cash-strapped drillers, hedging may have become too expensive, say analysts REUTERS New York LAST October, as US oil prices seemed to be stabilising around US$45 a barrel, some bullish traders chuckled at the notion of US shale
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    • 850 16 BLOOMBERG London THE top of the oil market may be closer than you think. With Brent futures having bounced back as high as US$41 a barrel, the International Energy Agency sees “light at the end of the tunnel”, and
      BLOOMBERG; PHOTO: AFP  -  850 words
  • Page 16 Advertisements
    • 57 16 FULL-DAY WORKSHOPS 2016 MARCH SERIES M A R 1 6 29T U E S D A Y SPH News Centre 9.30am to 6.00pm VISUAL STORYTELLING Trainer Wang Hongjun Early Bird by 24 Mar$489 Price From 25 Mar$589 Productivity and Innovation Credit (PIC) Claimable To register or find out more about
      57 words
    • 35 16 WINNING HEARTS Pakistani import Fawad Khan is cementing his position in Bollywood S’POREAN ON FORBES LIST COUNTS PARENTS AS ROLE MODELS GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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  • TECHNOLOGY
    • 792 17 Sales of key cloud products grow 57% to US$583m, compared with sagging revenue in other services BLOOMBERG San Francisco ORACLE Corp reported profit that topped estimates and posted strong gains in revenue from cloud-based businesses, signalling that it is making progress
      BLOOMBERG  -  792 words
    • 820 17 NYT New York ALPHAGO, the artificial intelligence system built by the Google subsidiary DeepMind, has just defeated the human champion, Lee Sedol, four games to one in the tournament of the strategy game of Go. Why does this matter? After all, computers
      NYT; PHOTO: REUTERS  -  820 words
    • 646 17 AFP San Francisco SONY plans to make virtual reality (VR) long the stuff of films cast off into a distant future mainstream with the October release of PlayStation VR headgear priced at US$399. “Virtual reality represents a new frontier for gaming, one
      AFP; to allow time for PHOTO: REUTERS  -  646 words
  • Page 17 Advertisements
    • 598 17 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WISON OFFSHORE MARINE (SINGAPORE) PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****4688M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 699 Zhongke
      598 words

  • CONSUMER
    • 688 18 The company is in worse shape after Michael Pearson returned from a two-month medical leave for pneumonia BLOOMBERG Boston MICHAEL Pearson and his company, Valeant Pharmaceuticals International Inc, were supposed to calm Wall Street doubters on Tuesday. Instead: chaos. What began before
      BLOOMBERG; PHOTO: BLOOMBERG  -  688 words
    • 752 18 AFP Berlin THE doomsayers were 100 per cent certain that the Internet would be the death of travel agents. But in Europe’s three biggest economies, the industry is still very much alive and kicking as consumers prefer expert advice and a friendly face
      AFP; PHOTO: AFP  -  752 words
    • 1014 18 NYT Washington IN AN effort to curb what many consider the worst public health drug crisis in decades, the federal government on Tuesday published the first national standards for prescription painkillers, recommending that doctors try ibuprofen and
      NYT; the most widely PHOTO: NYT  -  1,014 words

  • TRANSPORT
    • 1069 19 Vendor Gogo to submit competing proposal against rival ViaSat’s offer NYT New York PASSENGERS are not the only ones frustrated by the high cost, slow speed and baulky connections of Wi-Fi on airplanes. A legal skirmish between American Airlines and the Wi-Fi provider Gogo
      NYT; PHOTO: BLOOMBERG  -  1,069 words
    • 671 19 AFP Washington GOOGLE, Lyft and car industry executives urged lawmakers on Tuesday to help create a regulatory fast lane to help the deployment of self-driving cars. In testimony at a Senate hearing, representatives of General Motors (GM) and car
      AFP; PHOTO: BLOOMBERG  -  671 words
    • 836 19 REUTERS MOSCOW NICOLAS Maure, brought in to turn around Renault-Nissan’s Russian carmaker Avtovaz, is entering a lion’s den where his predecessor fell foul of diving sales and powerful vested interests among shareholders, suppliers and workers. The 55-year-old Frenchman is likely
      REUTERS  -  836 words
  • Page 19 Advertisements
    • 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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    • 27 19 ASIA PACIFIC CONGRESS 24 MAY 2016 SINGAPORE www.apcc.sphereconferences.com Wantto be part of APCC 2016, please contact Paul at +65 6848 6058 or email pauKSlsphereconferences.com Organised By: ((sphere
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  • GOVERNMENT & ECONOMY
    • 554 20  -  Capital gains tax will be cut from 28% to 20%; tax loopholes of Internet companies to close By Neil Behrmann btworld@sph.com.sg London UK Chancellor of the Exchequer, George Osborne, announced accelerated infrastructure spending to lift a slack UK economy. To counter a forecast decline
      PHOTO: BLOOMBERG  -  554 words
    • 656 20  -  By Anthony Rowley btworld@sph.com.sg Tokyo FORMER World Bank chief economist Joseph Stiglitz said on Wednesday that he has advised Japan’s Prime Minister Shinzo Abe to delay a consumption tax increase scheduled for early next year, and to focus
      PHOTO: AFP  -  656 words
    • 748 20 tion after years of stagnation. BLOOMberg Tokyo JAPAN’S major companies are giving lower wage increases next fiscal year as Prime Minister Shinzo Abe’s efforts to boost the economy falter. Toyota Motor Corp agreed to increase monthly base salaries 1,500 yen (S$
      tion after years of stagnation. BLOOMberg  -  748 words
    • 423 20 AFP Paris GLOBAL economic growth did not translate into more harmful greenhouse gas emissions from the energy sector last year, the IEA said on Wednesday, a strong indication that growth and increased pollution no longer go hand in hand. For
      AFP; PHOTO: AFP  -  423 words
    • 201 20 AFP REUTERS Washington PRESIDENT Barack Obama on Wednesday nominated Merrick Garland, a centrist judge, to fill the Supreme Court seat left vacant by the death of justice Antonin Scalia. Mr Obama formally announced his intent to nominate the 63-year-old appeals court judge
      AFP; REUTERS  -  201 words
    • 792 21 Government also rescinds planned tax hike on foreign travellers who work in the country REUTERS Sydney AUSTRALIAN Prime Minister Malcolm Turnbull said on Wednesday that he would back a controversial change to the country’s competition laws that would reduce the power of big
      REUTERS  -  792 words
    • 295 21 BLOOMBERG Tokyo BOTH European Central Bank (ECB) president Mario Draghi and Bank of Japan (BOJ) governor Haruhiko Kuroda need weaker currencies as they strive to reflate their economies, but they are not going to get it unless the US central bank lends
      BLOOMBERG  -  295 words
    • 384 21 REUTERS Sydney AUSTRALIA and Indonesia on Wednesday said they would formally resume long-stalled negotiations aimed at sealing a bilateral trade agreement between the often uneasy neighbours within 18 months. Australian Trade Minister Steven Ciobo and Indonesian Trade Minister Thomas Trikasih Lembong said in
      REUTERS  -  384 words

  • Page 21 Advertisements
    • 53 21 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©
      53 words

  • OPINION
    • 553 22 EDITORIAL MALAYSIA’S top central bank post will have an untimely void at the end of April when the widely respected governor of 16 years, Zeti Akhtar Aziz, retires raising questions (and heightened scrutiny) on who will replace her
      553 words
    • 1223 22  -  He’s likely to amass the largest number of delegates by the Republican convention in July By Leon Hadar AS THE Republican and Democratic presidential candidates were preparing for the crucial presidential primaries on March 15 aka Su-per-Tuesday II much of the attention of the
      PHOTO: AFP  -  1,223 words
    • 783 22  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 OVER the last quarter century, China’s economy grew at a phenomenal rate, its diplomatic influence now reaches every corner of the world and
      783 words
    • 692 23  -  COMMENTARY By Zhongxia Jin T The writer is executive director for China at the international Monetary Fund. This article is based on a March 12 speech he delivered in New Delhi. FROM a historical perspective, Asia is in a long process of awakening and
      692 words
    • 2306 23  -  What sets it apart from many others in the recruitment business, the platform says, is that it brings to life “passive talent”. BY VIKRAM KHANNA SINGAPORE has been described as a “Facebook Nation”, with some 3.8 million users out of a population of about
      2,306 words


  • Page 24 Advertisements
    • 939 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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  • LIFE & CULTURE
    • 1170 25 Second edition of Dark Debts has less violence, new explosive ending, and other plot twists NYT New York WHEN Karen Hall published her debut novel Dark Debts 20 years ago, it seemed like the start of a blockbuster literary
      NYT; PHOTO: NYT  -  1,170 words
    • 358 25 REUTERS Mumbai AFTER a 10-year hiatus, dance bars are set to reopen in Mumbai and Maharashtra state with activists warning women and girls could be trafficked and abused in these venues but bar owners arguing this is legitimate, needed
      REUTERS  -  358 words
    • 1299 25 NYT New York ON Feb 29, Carol Greider of Johns Hopkins University became the third Nobel Prize laureate biologist in a month to do something long considered taboo among biomedical researchers: She posted a report of her recent discoveries to a publicly
      NYT  -  1,299 words
  • Page 25 Miscellaneous
    • 325 25 CRYPTIC CROSSWORD Across 1 Programme includes student’s first multiplication aid (5,5) 6 Hereditary, in part? Correct (4) 9 Mountain-dweller also described by the old man (5) 10 Acts I deny working for cartel (9) 12 Heard I was hard? Nonsense (7) 13 Fear of onset of darkness? Study needed (5)
      325 words