The Business Times, 19 March 2016

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Microfilm: NL33803
Total Pages: 41
1 32 The Business Times
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      62 1 LivingBTTHE BUSINESS TIMES WEEKEND MARCH 19 20 2016 BEYOND COFFEE AND SANDWICHES Small, indie cafes in S'pore raise their game with more varied offerings L2-4 MOTORING Ferrari 488 GTB L14 BEAUTY Intimate boost L10-11 DESTINATION DINING Star trekking in Japan L6-8 DESIGN High design prefab collectibles L12-13 HEALTH The ‘forgotten’
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Beyond coffee and sandwiches
        1874 2 / 3  -  Despite starting out small, indie cafes in S’pore have upped their game with more varied offerings to stand out in the competitive environment a risky, yet lucrative move. By Rachel Loi and Tan Teck Heng By Rachel Loi, Tan Teck Heng rachloi@sph.com.sg @RachelLoiBT thtan@sph.com.sg SEVEN years
        PHOTO: YEN MENG JIIN  -  1,874 words
      • Article, Illustration
        Lock icon Turning up the heat
        711 4  -  BT Weekend checks out 6 eateries which are launching new concepts and menus amid fierce competition on the cafe business scene. By Rachel Loi, Tan Teck Heng rachloi@sph.com. sg @RachelLoiBT thtan@sph.com.sg Mon Bijou 442 Orchard Road Claymore Connect, mezzanine level #01-19/20Z6739-6738 Opens: Mon-Sun (10am-9pm) www.monbijou.sg The
        711 words
      • Article, Illustration
        Lock icon A touch of French flair
        817 5  -  Chef Joannes Riviere uses French cooking techniques for his Cambodian cuisine. guest chef By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT IF you are planning to dine at Siem Reap’s Cuisine Wat Damnak, avoid going on a Tuesday. “Tuesday is not a good day to come,” says
        PHOTO: YEN MENG JIIN  -  817 words
      • Article, Illustration
        Lock icon Cooking up a storm
        392 5 Caramelised Palm Sugar Braised Pork Shank with Bamboo Shoot and Crispy Pork Breast Serves four Ingredients 200 g of fresh pork breast(or pork shoulder), skin off, in one single piece Salt Enough pork fat One pork shank, bone in 150g palm sugar 50ml fish sauce 5
        PHOTO: CUISINE WAT DAMNAK  -  392 words
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  • DESTINATION DINING
    • Article, Illustration
      Lock icon STAR TREKKING IN JAPAN
      2047 6 / 7  -  A Michelin restaurant in Osaka is not likely to match one in Tokyo, though that doesn’t limit the enjoyment as both offer different dining experiences. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT NOT all Michelin restaurants are created equal. We know that. A three Michelin-starred
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    • Article, Illustration
      Lock icon Hotel with a cherry blossom view
      336 8  -  By Jaime Ee IF you like Japan’s cherry blossom season but hate waiting for your turn at the best selfie spots, or losing a good viewing spot to other sakura chasers, the answer lies in Osaka. Imagine just checking into your own hotel room
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    • Article, Illustration
      Lock icon A taste of Sushi Saito in KL
      646 8  -  By Pauline Ng MALAYSIA’S culinary delights and street food are a major draw for many. But a trip to Kuala Lumpur with the sole intention of dining at a particular restaurant? Chef Takashi Saito is certain many will beat a path to Taka
      646 words
    • Article
      Lock icon wine & dine
      259 8 wine dine with BT Weekend Pan Pacific Orchard 10 Claymore RoadZ6831-6685 Easter Gastronomic Brunch This Easter Sunday, indulge in a gastronomic Brunch with an array of chilled seafood on ice featuring Maine Lobster, Alaskan Snow Crab Leg and South American Queen Roe Scallop, freshly shucked oysters, roast carvings of Blackmore
      259 words
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  • HEALTH
    • Article, Illustration
      Lock icon The ‘forgotten’ cholesterol
      1572 9  -  Researchers are focusing more attention on the role of triglycerides in heart disease Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World Chinese Doctors Association and the World
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  • BEAUTY
    • Article, Illustration
      Lock icon INTIMATE BOOST
      1412 10 / 11  -  Never mind Botox and facelifts. The self-conscious are seeking procedures to correct other less glam parts of the anatomy. By May Yip NOSE or boob jobs, or a Botox jab to nix a wrinkle, might be the usual procedures for a brand new look. But under-the-radar body parts
      1,412 words
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  • DESIGN
    • Article, Illustration
      Lock icon High design prefab collectibles
      1006 12 / 13  -  You can now have your very own ‘architectural jewellery’ through the Revolution collection, a range of precrafted limited-edition homes and pavilions, with some designed by Pritzker Prize winners. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT WHAT do you do when living in a condominium designed by a
      PHOTOS: REVOLUTION; PHOTOS: MIKE BUTLER  -  1,006 words
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  • MOTORING
    • Article, Illustration
      Lock icon Ferrari functionality
      617 14  -  The Ferrari 488 GTB is more potent even as it is more refined. By Samuel Ee samuelee@sph.com.sg WHEN it was unveiled in 2009, the Ferrari 458 was a revelation for introducing a new level of comfort and refinement. But its replacement, the 488, should permanently banish any remaining
      617 words
    • Article, Illustration
      Lock icon Less is more fun
      753 15  -  The two-wheel-drive Lamborghini Huracán LP 580-2 is a more entertaining drive. By Samuel Ee samuelee@sph.com.sg WHEN it comes to good design, usually it’s a case of “less is more”. But when it’s the Lamborghini Huracán LP 580-2, it has to be “less is more fun”. As
      753 words
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  • SPORTS
    • Article, Illustration
      Lock icon On their march to the top
      873 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent I LOVE the month of March, for it’s when most of my favourite sports head into the crucial final stretch of the season. It’s a nail-biting yet exciting time for fans as they get even closer
      PHOTOS: AFP, REUTERS  -  873 words
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  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www. sinesstime .com. g MARCH 19-20, 2016 S$1.20| MCI (P) 040/08/2015 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article, Illustration
    Lock icon Singapore sets out new anti-terror measures to fight rising threat
    766 1  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE threat of a terrorist attack in Singapore has been at its “highest level” of late as a result of the rise of the Islamic State (Isis) militant group, Home Affairs Minister K Shanmugam
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  • Article, Illustration
    Lock icon Wooing jet-setters on the ground via airport lounges
    1043 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AMID crowded skies, the battle for passengers isn’t just taking place in the air it’s on terra firma too. Airlines such as Singapore Airlines (SIA), British Airways (BA), Cathay Pacific and Qantas are among the carriers
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  • Article
    Lock icon Debut trading plunge
    41 1 ROUGH START ANCHOR Resources was caught in a downward spiral on Friday when it made its debut trading on Catalist, kicking off trading at 18.2 Singapore cents, 27.2 per cent below its IPO price of 25 cents. 10
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  • Article
    Lock icon Rising fast
    25 1 PROPERTY CHINA’S home prices rose at their fastest clip in almost two years in February thanks to red-hot demand in big cities. 15
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  • Article
    Lock icon Regulation rewrite
    36 1 BANKING EUROPEAN Union banks and asset managers are set to win less stringent rules on buying and selling bonds and derivatives, after the bloc’s executive branch called for a rewrite of proposed restrictions. 17
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      49 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-8 Health L9 Beauty L10-11 Design L2-13 Motoring L14-15 Sports L16
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,906.80 (+26.63) GSTI FUTURES 2,907.00 (+26.00) GSIMSCI 328.33 (+3.51) GSIMSCI FUTURES 329.00 (+3.85) STOCKS Friday Change KL COMP 1,716.34 +13.15 NIKKEI 225 16,724.81 -211.57 HANG SENG 20,671.63 +167.82 SET 1,382.96 +2.76 JAKARTA 4,885.71 +0.02 MANILA 7,306.74 +95.84 KOSPI 1,992.12 +4.13 SHENZHEN B 1,121.17 +17.13 MUMBAI 24,952.74 +275.37 11.45
      136 words
    • Article
      Lock icon Research into cold energy from LNG among beneficiaries of S$27m govt grants
      473 3  -  Two other projects seek to use the generated energy for seawater desalination; in all, 13 projects get funding By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore MOMENTUM could gather in Singapore for the push to harvest and use the cold
      473 words
    • Article
      Lock icon Indonesia submits bid for seat in ICAO council
      429 3  -  Former Indonesian minister says the country’s aviation management has improved By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore FOUR failed bids to join the International Civil Aviation Organization (ICAO) council have not stopped Indonesia from giving another shot at gaining a voice and some
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    • Article
      Lock icon Economist suggests that governments spend their way out of trouble
      636 4  -  Roubini favours fiscal spending over monetary policy, tells Abe to delay hiking Japan sales tax By Anthony Rowley btworld@sph.com.sg Tokyo INTERNATIONALLY acknowledged economist Nouriel Roubini on Friday joined other experts in urging Prime Minister Shinzo Abe to delay a planned
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    • Article, Illustration
      Lock icon Spice trader’s District 15 bungalow put up for auction
      631 4  -  Potential buyer may be able to subdivide the plot for redevelopment By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A FREEHOLD District 15 bungalow in the Tanjong Katong area owned by the recently bankrupted managing director of spice and nut trader Pars Ram
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    • Article, Illustration
      Lock icon A taste of Budget 2016
      1270 5  -  For CIMB Private Banking economist Song Seng Wun, sending a plain ol’ research note on the upcoming Budget is too mainstream. Melding his love for macroeconomics and gastronomics, he recently posted his pre-Budget thoughts on his Facebook page which The Business Times has reproduced in
      PHOTO: SONG SENG WUN  -  1,270 words
    • Article
      Lock icon Bayer Pharma continues to boost its presence in the Asia-Pacific
      673 6  -  2015 regional revenue rises 7% to 4b euros; clinical trials triple in 9 years By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE number of clinical trials conducted by Bayer Pharmaceuticals in Asia Pacific has more than tripled since 2007 from 21
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    • Article
      Lock icon Consumers need help navigating health insurance thicket
      873 6  -  SATURDAY SOAPBOX By Arthur Lee arthurl@sph.com.sg ASK the average man in the street what his health insurance covers. Most likely, he doesn’t know. There are several reasons for this lack of understanding: The complexities of the various plans, poor product information and perhaps,
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    • Article, Illustration
      Lock icon Political savvy is a skill – not a game
      1005 7  - Political savvy is a skill not a game Avoiding office politics is like trying to avoid people. But you don’t have to play dirty to be good at it CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg @VivienShiaoBT THINK about one trait that your leaders at work share. No, it’s not
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    • Article
      Lock icon Gibraltar: The Rock that fears a Brexit
      473 7 Bloomberg Gibraltar FROM the sun-scorched tip of Spain, Charles Catania has a message for British voters as they make up their minds whether to remain in the European Union. “People in the UK need to think of it from our perspective,” said the
      Bloomberg  -  473 words
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      15 3 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      246 3 THE SOUND VISION SPECIALIST The Headphone Bar SALE T Parrot V Zik 2.0 J II Parrot Audeze AKG Audinst FiiO RHA Shure KEF JAYS B&O Burson Westone Grado HiFiMAN Klipsch Cypher Labs Sennheiser Heir Audio WOO Audio Fischer Audio Ultimate Ears Chord JR Transrotor Zet 3 Price starts from $13,999
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The academic perspective
      1608 8 / 9  -  LSE director Craig Calhoun has led efforts to study and research global issues, such as financial market risks, inequality, climate change, and conflict. By Cai Haoxiang By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT CAPITALISM and its side effects is on the mind of sociologist and academic leader Craig Calhoun,
      PHOTO: ARTHUR LEE  -  1,608 words
    • Article
      Lock icon Life during Tiananmen
      545 8 / 9  -  By Cai Haoxiang PROFESSOR Craig Calhoun has authored a number of books, the most famous arguably one dissecting the 1989 Tiananmen Square protests titled Neither Gods Nor Emperors: Students and the Struggle for Democracy in China. By a twist of fate, he was in China in the
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Anchor Resources plunges in debut trading
      526 10  -  Stock of Catalist-listed Malaysian gold-miner closes 41.6% down from IPO price By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Grace So graceso@sph.com.sg Singapore ANCHOR Resources found itself caught in a downward spiral on Friday when it made its debut trading on Catalist. The stock kicked off trading
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    • Article
      Lock icon Yanlord acquires two land parcels in Tianjin
      191 10  -  By Renald Yeo yrenald@sph.com.sg Singapore CHINESE real estate developer Yanlord Land Group has acquired two land parcels in Tianjin for about 1.97 billion yuan (S$412.3 million) in two public land auctions, it said on Friday. The sites are located in Tianjin Haihe Academic
      191 words
    • Article
      Lock icon Ascott targets 2,000 units under new Tujia Somerset brand by the end of 2016
      425 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore CAPITALAND’S wholly owned Ascott Limited is targeting 2,000 units under its newly unveiled Tujia Somerset brand of serviced residences catering to middleclass travellers in China. Ascott’s joint-venture company with Tujia.com
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    • Article
      Lock icon OCBC extends cash withdrawal service to 7-Eleven stores
      264 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OCBC Bank has expanded its cash-withdrawal network to 7-Eleven stores, going beyond the traditional banking network in the same way that DBS has recently done. OCBC on Friday said that customers can now make cash withdrawals
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    • Article
      Lock icon Baring PE Asia offer for Interplex goes unconditional
      482 11  -  Its bid adds to a growing list of delisting bids in recent months By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A PRIVATE equity fund’s S$450 million offer for precision engineering firm Interplex Holdings has gone unconditional, though the fund may still has some
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    • Article
      Lock icon ST Engg unit makes cash injection to add to fleet
      186 11  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE aerospace arm of Singapore Technologies Engineering has injected close to US$5.8 million into one of its subsidiaries to add an Airbus 321 to its fleet of aircraft. The company said in a filing
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    • Article
      Lock icon PSA Int’l 2015 profit falls as container volume dips
      425 11  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PORT operator PSA International posted a lower net profit of S$1.268 billion for FY15, down 9.5 per cent from FY14’s S$1.402 billion, along with a dip in its container handling volume as a result
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    • Article
      Lock icon STI STOCKS
      313 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 +6 248/242 271 209 5.9 6514.3 CapitaLand 317 -2 320/314 379 267 12.7 2.8 *****.4 CapitaMall Trust 214 +1 215/212 228 184.5 5.3 7438.7 CityDev 785 cd +18 785/769 1095 661
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    • Article
      Lock icon SGX ETFs Most Active
      107 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 291 +3 726 291/289 355/254 290/291 DBXT MSRussia US$ US188 +3 255 190/187 235/129 -/190 DBXT MSBrazil US$ US292 +16 217 302/291 399/190 290/291 IS MS INDIA US$ US648 +4 129 650/646 819/575 648/650
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      783 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 14 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) JEP Hldgs 17-Mar-16 Zee Hoong Huay *Buy 3160 0.04 ***** 4.26 ***** 4.57 Linc Energy 17-Mar-16 Burlington
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 15 1 1 1 0 0 16 1 1 Manufacturing 47 37 26 8 8 11 55 45 37 Commerce 19 16 14 2 4 5 21 20 19 Tpt/Stor/Comms 18 11 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,638 651 31,289 115,624 127 115,751 Manufacturing 193,317 139,254 332,571 184,883 2,686 187,569 Commerce 128,422 21,992 150,414 151,161 866 152,027 Tpt/Stor/Comms 219,428 1,184 220,612 283,762 98 283,860 Finance 89,317 21 89,338 336,671 3 336,674 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Mar 18 VALUE CLOSE BT OB/OS 189.00 -64.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 +19.00 FTSE ST Mid Cap 693.05 +4.04 FTSE ST Small Cap 403.92 +0.66 FTSE ST All Share 707.40 +7.45 FTSE ST China Top 166.26 +0.70 FTSE ST China 195.84 +0.18 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 12 VOL CLOSE($) CHANGE ChinaSing Inv 120.1 0.031 +0.022 +244.44 Kitchen Culture 40.0 0.280 +0.035 +14.29 ISR Capital 53,500.1 0.005 -0.001 -16.67 Infinio 500.2 0.003 +0.002 +200.00 HLH 69,179.9 0.006 -0.001 -14.29 Europtronic 19,982.5 0.002 -0.001 -33.33 Attilan 7,902.0 0.003 -0.002 -40.00 Tung Lok Rest 98.0 0.095 +0.006 +6.74
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Mar-17 Price Net change change Last Trade Agricultural Mar-17 CBOT Soybeans (US cents/bu) 897.75 3.25 0.36% 13/05/2016 CBOT Soybean Oil (US cents/lb) 33.41 0.72 2.20% 13/05/2016 CBOT Wheat (US cents/bu) 462.50 -8.25 -1.75% 13/05/2016 Mar-17 LIFFE Cocoa (£/tonne) 2260.00 -1.00 -0.04% 13/05/2016 LIFFE Coffee (US$/tonne) 1428.00 33.00 2.37%
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    • Article
      Lock icon PALM OIL
      57 13 Mar 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 16 2620.0 2633.0 2645.0 2614.0 894 8122 May 16 2660.0 2668.0 2683.0 2655.0 6819 ***** Jun 16 2665.0 2679.0 2694.0 2664.0 ***** ***** Jul 16 2644.0 2662.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Mar 18 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.68 5-Year NX*****X 2.250 01-Jun-21 102.71 102.85 102.65 10-Year NX*****Z 2.375 01-Jun-25 102.91 103.15 103.00 15-Year NZ*****F 2.875 01-Sep-30 105.76 106.00 105.71 20-Year NZ*****V 3.375 01-Sep-33 112.03 112.45 112.00
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Mar 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0349 1.0357 0.7626 0.7628 Canadian dollar 1.0424 1.0432 0.7683 0.7681 Euro 1.5311 1.5320 1.1282 1.1284 NZ dollar 0.9250 0.9260 0.6816 0.6820 Sterling pound 1.9599 1.9613 1.4442 1.4446
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    • Article, Illustration
      Lock icon STOCK MARKETS
      117 13 Straits Times Index Source: Bloomberg YTD change: +0.83% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index YTD change: -5.67% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,319.58 on Feb 12,2016 Source: Bloomberg Shanghai Stock Exchange Composite Source: Bloomberg
      Source: Bloomberg  -  117 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      215 13 Most active Mar 18 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left Elektromotive Group w*****5 0.1 unch ***** 1 1 50 CSC Holdings W*****9 1.1 -0.1 6014 1 1 5 1.82 57 KepCorp MB eCW*****2 13.1 -0.1 5665
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Mar 17 Index Change Change Change Change Change Change World Preliminary 1242.1 0.4 -2.8 -1.0 -5.9 1.3 -1.2 EAFE Preliminary 947.3 -0.1 -6.5 -0.2 -7.7 2.2 -3.1 Europe Preliminary 1342.8 -0.2 -4.9
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    • Article, Illustration
      Lock icon STI moves into positive territory for 2016
      524 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THANKS to large-scale central bank intervention, the Straits Times Index on Friday moved into positive territory for 2016 when it jumped 26.63 points or 0.9 per cent to end at 2,906.8. It was the first time
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    • Article
      Lock icon Memtech eyes car industry for growth
      234 14  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ELECTRONICS components maker Memtech International has added two car giants to its clientele as it continues to shift its gears towards the car industry. With the inclusion of electric car maker Tesla and car parts producer Faurecia, SGX
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    • Article
      Lock icon GAINERS
      76 14 BY CENTS CLOSE UP 52w high/low JMH USD 5700 299.9 4.0 6386/4500 DBXT S&P500 US$ 3509 236.1 5.2 3626/3126 DBXT MSKorea US$ 5287 213.1 3.1 6246/4478 SPDR S&P500 US$ ***** 156.1 0.6 *****/***** Lyxor Indonesia US$ 8402 104.5 0.9 9094/6250 BY PERCENTAGE CLOSE UP 52w high/low ChinaSing Inv 3.1
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    • Article
      Lock icon MOST ACTIVE
      34 14 VOLUME Spackman 190,086,400 Noble 93,335,900 Ezra 91,137,300 Annica 74,390,000 HLH Grp 69,179,900 Market volume 2,121,638,000 VALUE DBS Grp 139,309,223 Singtel 122,731,395 OCBC Bank 107,704,175 Wilmar Intl 90,283,593 UOB 72,695,409 Market value 1,671,605,000
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    • Article
      Lock icon LOSERS
      74 14 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -154.7 -0.9 *****/***** Hyflux 6% CPS ***** -150.0 -1.4 *****/***** DBXT Vietnam US$ 2215 -33.9 -1.1 2786/2017 DBXT MSINDO us$ 1317 -12.2 -0.7 1492/911 HongkongLand USD 618 -8.1 -1.0 880/555 BY PERCENTAGE CLOSE DOWN 52w high/low OCBC Bk MBeCW*****6 0.1
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    • Corporate digest
      • Article
        Lock icon Spackman Entertainment
        127 14 SPACKMAN Entertainment Group shares traded as high as S$0.143 on Friday before closing unchanged at S$0.134. More than 190 million shares changed hands, making the counter the most actively traded for the day. At 3.53pm, Singapore Exchange queried the company on the unusual volume movements in the shares
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      • Article
        Lock icon United Engineers
        109 14 UNITED Engineers Ltd said in response to a query from the Singapore Exchange that it is unaware of any information concerning its company, subsidiaries or associated companies which might explain the unusual price movements in its shares on Friday. The property and engineering firm’s shares hovered just under
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      • Article
        Lock icon SBI Offshore
        77 14 TAN Woo Thian, the chief executive officer and executive director of offshore support-ser-vices firm SBI Offshore has resigned from these two posts with effect from March 18. Mr Tan will be redesignated as commercial manager, where he will be overseeing the commercial aspect of the business. A need
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      Lock icon Page 11 Advertisements Column 1
      246 11 MW pteM' e PRIME ORCHARD STRATA OFFICES MEDICAL SUITES FOR SALE TripleOne Somerset Choice Units: 366 sq ft to approx. 20, Coveted address in the heart of Orchard Road Covered access to Somerset MRT Station Development consists of a new retail mall and medical podium Water points discharge points provided
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  • REAL ESTATE
    • Article, Illustration
      Lock icon China home prices soar in Feb
      625 15 But surging values in bigger cities and depressed markets in smaller cities seen as unhealthy Reuters Beijing CHINA’S home prices rose at their fastest clip in almost two years in February thanks to red-hot demand in big cities, but risks of overheating in some
      Reuters  -  625 words
    • Article
      Lock icon Chinese developer Greenland’s default risk rises
      506 15 Bloomberg Shanghai CHINA’S third largest developer is sustaining its pace of deal making even as bond investors start to price in a higher risk of default. The yield spread on Greenland Holdings Corp’s US$600 million 5.875 per cent 2024 notes over US Treasuries has
      Bloomberg  -  506 words
    • Article
      Lock icon Anbang makes binding Starwood Hotels bid
      315 15 Bloomberg Seattle STARWOOD Hotels Resorts Worldwide Inc, owner of brands such as Westin, Sheraton and W, said it received a binding US$13.2 billion takeover bid from a group led by China’s Anbang Insurance Group Co, a superior offer to one by Marriott International Inc.
      Bloomberg  -  315 words
    • Article
      Lock icon Househunt
      937 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN FEB 3 AND FEB 9, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Waterfront Faber Apt 05/02/2016 99 1281 1500 1171 Waterfront Faber Apt 04/02/2016 99 1259 1506
      937 words
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  • BANKING & FINANCE
    • Article
      Lock icon Planned rules on EU banks’ bond, derivatives trading under review
      542 17 European Commission calls for rewrite of proposed ESMA regulations Bloomberg London EUROPEAN Union banks and asset managers are set to win less stringent rules on buying and selling bonds and derivatives, after the bloc’s executive branch called for a rewrite
      Bloomberg  -  542 words
    • Article, Illustration
      Lock icon Cross-border money laundering puts Philippine system at risk
      311 17 Reuters Manila THE Philippines’ financial system is facing a risk because of the US$81 million that was stolen by hackers from the New York Fed account of Bangladesh’s central bank and then transferred to Manila, the country’s central bank governor said on
      Reuters  -  311 words
    • Article
      Lock icon ETFs, index funds lowering costs of mutual funds
      289 17 Bloomberg New York INDEX and exchange-traded funds (ETFs) are getting better at the thing that makes them so popular: driving down the cost of investing. Not just among themselves. New research from Washington- based Investment Company Institute (ICI) shows that the cost
      Bloomberg  -  289 words
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      487 17 THE BUSINESS TIMES NOTICES In the matter of The Companies Act, Cap. 50 and in the matter of WAVELINK TRAVEL PTE. LTD. (Co. Reg. No. *****3078K) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, deemed to be held at 75 Jellicoe Road
      487 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Tin output won’t keep pace with demand
      743 18 The metal is bucking the trend of global surplus for other base metals Bloomberg New York SMART phones, cars and a prolonged mining slump are creating tighter supplies of tin, a metal used mostly as solder for electrical circuits. Demand for tin remains
      Bloomberg; PHOTO: BLOOMBERG  -  743 words
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      Lock icon France gets closer to slapping extra tax on palm oil used in food
      562 18 Reuters Paris FRANCE’S plans to impose an additional tax on palm oil used in food from 2017 moved a step closer on Thursday as the National Assembly approved the levy, which has been vehemently opposed by top
      Reuters; PHOTO: REUTERS  -  562 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Twitter an awkward child as it turns 10
      951 19 It’s struggling to show it can expand beyond its “twitterati” to become a mainstream hit AFP San Francisco AS Twitter marks its 10th birthday next Monday, it is somewhat of an awkward child having become a powerful communication tool but still struggling
      AFP; PHOTO: REUTERS  -  951 words
    • Article
      Lock icon Nintendo’s new social app Miitomo a hit in Japan
      360 19 Bloomberg Tokyo NINTENDO Co’s foray into smartphones is off to a good start. Miitomo, a free messag-ing-based application, reached No 1 among social-networking apps in Japan on Apple Inc’s iOS devices on the day of its release, market researcher App Annie
      Bloomberg  -  360 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Spotify reaches deal to improve royalty payments to US publishers
      654 20 It will put forward to publishers existing pool of money and add compensation fund to it AFP New York SPOTIFY, the leader in the booming streaming industry, on Thursday reached a settlement to improve royalty payments to US music publishers
      AFP; PHOTO: BLOOMBERG  -  654 words
    • Article
      Lock icon Paracetamol ‘not effective’ in treating osteoarthritis: study
      309 20 AFP Paris PARACETAMOL, a common over-the-counter pain-reliever, does not work in the treatment of osteoarthritis, a joint disorder afflicting tens of millions of elderly people, according to a study released on Friday. When taken on its own to alleviate pain or enhance mobility,
      AFP  -  309 words
    • Article
      Lock icon EU allows member states to scrap tampon tax
      226 20 AFP Brussels THE European Union said on Thursday that it will give its 28 member states the option of completely removing a tax on tampons which feminists had denounced as unfair. EU leaders welcomed plans by the European Commission, the EU’s executive
      AFP  -  226 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon EVA investors fret as airline ousts chairman
      838 21 They want to know if it will stick to long-haul expansion plans and record new jet orders mapped out by former boss Reuters Taipei A BATTLE among brothers for control of one of Taiwan’s biggest conglomerates boiled over into the public domain last
      Reuters; FILE PHOTO, AFP, REUTERS  -  838 words
    • Article
      Lock icon Atlantic City’s former airport up for sale on the cheap
      332 21 Bloomberg Philadelphia AVIATION enthusiasts, developers and anyone looking for a parking spot for the private jet, take note: Atlantic City is selling a century-old former airport for a fraction of what it could have received eight years ago. Bader Field,
      Bloomberg  -  332 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Referendum may expose fissures across Britain
      688 22 Patchwork of regional passions and rivalries will play a determining role in the outcome NYT Leeds, England WHEN floods swept through northern England late last year, many residents complained that the response from London was far less energetic than when waters engulfed swaths of
      NYT; PHOTO: REUTERS  -  688 words
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      Lock icon Bank Indonesia chief calls on Jakarta to address fiscal concerns
      405 22 Reuters Jakarta A DAY after slashing interest rates, Indonesia’s central bank governor on Friday called on the government to address some fiscal concerns on revenue and subsidies to win an investmentgrade rating from Standard Poor’s. Bank Indonesia (BI), which has
      Reuters; PHOTO: BLOOMBERG  -  405 words
    • Article
      Lock icon EU chamber urges China to open markets to reach goals
      324 22 Reuters Beijing CHINA should open its markets to foreign business and implement overdue reforms if it wants to achieve its economic goals, a European business lobby said on Friday, weighing in on Beijing’s new five-year plan. Chinese Premier Li Keqiang
      Reuters  -  324 words
    • Article, Illustration
      Lock icon The coal loophole in sanctions on N Korea
      957 23 Exports of the commodity continue to enter China despite ban, providing a lifeline to the North Korean economy Reuters Beijing MORE than two weeks after the United Nations slapped harsh new sanctions on North Korea, several Chinese shipping and trade sources say
      Reuters; PHOTO: REUTERS  -  957 words
    • Article, Illustration
      Lock icon Merkel dodges Draghi call for clarity with bank union swerve
      969 24 Delicate balancing act between them as they try to consolidate recent years’ economic gains Bloomberg Brussels EUROPEAN Central Bank (ECB) president Mario Draghi pushed European Union leaders for clarity on the future of the euro this week. But Germany still
      Bloomberg; PHOTOS: REUTERS, AFP  -  969 words
    • Article
      Lock icon Australia ups scrutiny on infrastructure sales to foreigners
      351 24 AFP Sydney THE sale of major Australian state-owned infrastructure to private foreign investors will face tougher scrutiny under new rules announced on Friday, after a deal involving a Chinese company last year drew criticism. The new rules will apply from March 31
      AFP  -  351 words
    • Article, Illustration
      Lock icon Did G-20 meeting lead to a secret Shanghai Accord?
      1127 25 Slew of measures by policymakers to keep currency markets calm gives rise to suspicion of a backroom deal Bloomberg Washington POLICYMAKERS across the world are acting in ways that suggest there may have been more to last month’s Group of 20
      Bloomberg; PHOTO: BLOOMBERG  -  1,127 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      45 23 HOT PROPERTY NEAR GREAT WORLD City, Riveria Gdns. FH. 2/3 bdrms. Spacious! Starting fr $2.xm! URBAN SUITES 2045 sf. 4+1 big balcony. High flr. Good view. Vacant. Priced to sell. APARTMENTS FOR RENT Check out these properties and more in The Straits Times Classified now!
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  • OPINION
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      Lock icon Ragged battlelines drawn for Brexit
      1094 26 / 27  -  Pro-EU views dominate in business community but opinion appears to be more evenly divided in Britain as a whole. By John Gee By John Gee ~The writer is a freelance writer based in Singapore UNCERTAINTYover whether, in the June referendum, Britain will vote to stay
      PHOTO: BLOOMBERG  -  1,094 words
    • Article, Illustration
      Lock icon Trump could surprise us
      605 26 / 27  -  By Meghnad Desai ~The writer is Emeritus Professor at the London School of Economics and Political Science and chairman of the advisory board of the Official Monetary and Financial Institutions Forum, an independent research and advisory group on monetary and financial issues OMFIF NO ONE can
      OMFIF; PHOTO: REUTERS  -  605 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTIGATING
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        Lock icon Policy vs the cycle: the latest round
        1520 28 / 29  -  Drivers of big volatility in both directions in markets at present are the conflicting forces of the cycle and government/central bank interventions. By Lim Say Boon By Lim Say Boon ~The writer is chief investment officer at DBS Bank THE big three central
        PHOTO: REUTERS  -  1,520 words
      • BROKERS' TAKE
        • Article
          Lock icon OSIM International Hold
          236 28 / 29 DBS Group Research, March 18 March 19 close: S$1.38 Target price: S$1.46 We raise our TP to S$1.46 based on its five-year historical average of 16 times FY16F PE (from 14 times previously), but continue to maintain our neutral stance on OSIM from a fundamental perspective. The
          236 words
        • Article
          Lock icon AsiaPhos Limited Overweight
          531 28 / 29 NRA Capital, March 18 March 19 close: S$0.088 Target price: S$0.225 AsiaPhos Limited’s (AP) latest Qualified Person’s report indicates improved mine operations, thus explaining for the 117 per cent growth in yearly mine output over 2014 and 2015. More importantly, AP is showing signs of self-sus-tainability with
          531 words
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        Lock icon Mixed trends in luxury collectibles
        737 30 One reason for the poor performance of some alternative asset classes is their correlation with China ~This column does not necessarily reflect the opinion of Bloomberg LP and its owners. Bloomberg New York YOU’D have thought negative interest rates would fuel a boom in diamonds,
        Bloomberg; PHOTO: REUTERS  -  737 words
      • Article
        Lock icon Gold miners still a bargain compared to past peaks
        598 30 Bloomberg New York GOLD-MINING companies that are seeing their shares surge the most in decades are still cheap, based on historic measures of their reserves. An index of large producers, including Barrick Gold Corp and Goldcorp Inc, has gained a whopping
        Bloomberg  -  598 words
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  • LIFE & CULTURE
    • Article
      Lock icon Sending e-mail contributes to climate change
      318 31 AFP Paris EVEN as people the world over symbolically dim lights to fight global warming this Saturday, many will join e-mail and social network campaigns that invisibly contribute to climate change. The 10th edition of Earth Day, organised by the World Wide Fund for
      AFP  -  318 words
    • Article, Illustration
      Lock icon Morgan the elephant’s Somalian saga gets researchers all excited
      420 31 The bull crosses into the war-torn country in search of a mate and survives NYT Nairobi, Kenya ELEPHANT researchers in Kenya were excited recently by some rare good news: An elephant had crossed into Somalia and survived. Somalia, one of the
      NYT; PHOTO: AFP  -  420 words
    • Article
      Lock icon Ong & Ong extends S$100k funding to Nanyang Poly’s school of design
      254 31  - Ong Ong extends S$100k funding to Nanyang Poly’s school of design By Grace So graceso@sph.com.sg Singapore ARCHITECTURE and design firm Ong Ong Group will provide up to S$100,000 in funding support to the Nanyang Polytechnic School of Design (NYPSD). An agreement was officially formalised at the NYPSD’s 2016 Graduation Show,
      254 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      336 31 CRYPTIC CROSSWORD Across 1 Artist’s medium in van, say (7) 5 Ministry in charge expressed hesitation a bit (7) 9 Pursue hospital in legal matter (5) 10 Powerful guy amongst assembled number around Republican (9) 11 Reach inlet abroad without suspicion (2,3,5) 12 Interpret for audience quiz answer (4) 14
      336 words
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      Lock icon Page 32 Advertisements Column 1
      75 32 m 1 T 9 AltDEMAR LIAT TOWER NOW RE-OPENE TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. --f>r i r .<? 4* M J r, VT as 4 r -$T' "%rST- •-.jc ..-> *S36fc J L ;--t—-V 'V -J **2 -'A v s r/i v W','* VI «v- r
      75 words