The Business Times, 23 November 2015

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Total Pages: 31
1 32 The Business Times
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  • Title Section
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    37 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ lilillllllllll 8 *****1 *****4 S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [1 D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Monday, November 23,2015
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  • Article, Illustration
    Lock icon DAILY DIGEST
    229 1 India and Singapore will sign strategic partnership to usher in closer ties during Prime Minister Narendra Modi’s visit to Singapore starting on Monday.TOP STORIES 2 KLW Holdings has responded to SGX queries pertaining to its decision to appoint certain individuals to different positions despite their roles in apparent
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  • Article
    Lock icon MARKETS
    26 1 MARKETS Weekly Change STI 2,917.91 -7.77 KL COMP 1,661.89 +2.98 NIKKEI 225 19,879.81 +282.90 HANG SENG 22,754.72 +358.58 SHENZHEN B 1,214.16 +21.05 DOW 17,823.81 +578.57
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  • Article
    Lock icon Bumpy road for S’pore Islamic finance
    1059 1  -  But MAS believes deepening trade, investment linkages between Asia and Middle East will continue to present opportunities over time By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE’S nascent Islamic finance industry is finding it tough going amid volatile financial markets and depressed oil revenues.
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  • Article, Illustration
    Lock icon CMA CGM given exclusive deal to work out offer for NOL in a fortnight
    636 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore NEPTUNE Orient Lines (NOL) has signed an exclusivity agreement with France’s CMA CGM for a potential acquisition of the Singapore company by way of a pre-conditional voluntary general offer. If
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      198 1 TOPLINE Sinarmas Land ramps up overseas expansion COMPANIES MARKETS 9 MYANMAR GENERAL ELECTION Heading towards a bright future VIEWS FROM THE TOP 14-15 YEN YAKINIKU A meaty meal worth biting into DINING OUT 31 27TH ASEAN SUMMIT Asean, China seal free trade agreement upgrade TOP STORIES 2 IWC PORTUGIESER. THE
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      7 1 More reports on Islamic finance, Page 5
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  • TOP STORIES
    • 27TH ASEAN SUMMIT
      • Article
        Lock icon Ministers told to accelerate efforts towards RCEP deal
        219 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Kuala Lumpur MINISTERS and officials negotiating the Regional Comprehensive Economic Partnership (RCEP) trade deal have been told to step up their efforts to get an agreement ready to be inked in 2016, after missing the 2015
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      • Article
        Lock icon Leaders’ wise policies allow Singapore to ‘punch above its weight’: Obama
        251 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Kuala Lumpur SINGAPORE is a country that “punches above its weight” despite its small population thanks to the wise policies of the country’s leaders and its “ability to work with all countries”, according
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      • Article, Illustration
        Lock icon Asean, China seal free trade agreement upgrade
        522 2  -  Accord expected to boost Asean-China trade from US$500 billion in 2015 to US$1 trillion in 2020 By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Kuala Lumpur AFTER a last-minute hitch which stopped Asean and China from signing an agreement on Saturday to upgrade their existing
        PHOTO: LIANHE ZAOBAO  -  522 words
    • Article
      Lock icon Indian PM Modi on two-day visit to Singapore
      693 2  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore INDIA Prime Minister Narendra Modi arrives in Singapore on Monday for a two-day state visit during which the two countries will sign the India-Sin-gapore Strategic Partnership to usher in closer ties between the two countries.
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    • Article
      Lock icon KLW explains appointments in response to SGX queries
      577 4  -  Among other things, firm says ex-MD’s new role as consultant is “key to ensure the continuity of the door business” By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore TROUBLED doormaker KLW Holdings on Sunday responded to a slew of queries from the Singapore Exchange
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    • Article, Illustration
      Lock icon Sinarmas Land eyes Reit to unlock value of Indonesian investments
      808 4  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE-listed Sinarmas Land is looking to unlock the value of its investment properties in Indonesia by spinning them into a real estate investment trust (Reit) but has not decided on whether to list in
      PHOTO: LAURA NG  -  808 words
    • ISLAMIC FINANCE
      • Article
        Lock icon ADIB mulls S’pore as hub for expansion
        845 5  -  Decision depends on whether bank sees retail banking in the region as viable: CEO By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ABU Dhabi Islamic Bank (ADIB) is considering expanding into this region via acquisitions, with Singapore a potential candidate for its hub, its top
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      • Article
        Lock icon Abu Dhabi tax-free financial zone taps Singapore’s regulatory model
        512 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ABU Dhabi Global Market (ADGM), a tax-free financial zone that opened in October in the capital of the United Arab Emirates (UAE), is tapping Singapore’s regulatory model in its attempt to develop its financial sector.
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      • Article
        Lock icon ADIB: Heed voice of silent Muslim majority, not just violent ISIS noise
        342 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ABU Dhabi Islamic Bank (ADIB) this year produced another hardcover book for its clients as part of its corporate social responsibility (CSR) effort. It’s titled Islam: religion of tolerance. This is the
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  • Page 2 Advertisements
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      150 2 TREETO PS EXECUTIVE RESIDENCES SINGAPORE Congratulations to the Winners of the Excellent Service Award 2015 m r? is *> r v r. tf:v A X V 5* u M tr* <7 7 iSS I I 339 X Celebrating the loth consecutive year of service excellence, Treetops Executive Residences is proud
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      191 4 Many thanks to all our Customers, Principals and Partners for their invaluable support and contribution for these 7 years. We have achieved the Emerging Enterprise 2009 Award, Enterprise 50 Awards for 5 consecutive years, from 2011 2015, and was conferred with the special 5 years award. All Alloy Total Welding
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      8 4 Sinarmas Land ramps up overseas expansion, Page 9
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      119 5 SUCCESS IS KNOWING WHAT TO REFINE OVER TIME, WHILE STAYING TRUE TO YOURSELF. 0 Fuel consumption: 5.5 8,0L/100km CO emissions: 130 188g/km (Z)L£XU5 AMAZING IN MOTION ■J A L THE NEW LEXUS ES. THE ESSENCE OF LUXURY You'd choose hard work over luck. Character over popularity. Because you’re at a
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  • COMPANIES & MARKETS
    • Article
      Lock icon Buying sharply up while buybacks remain strong
      1964 6  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited THE buying rose for the second straight week with 18 companies that recorded 38 purchases worth S$1.61 million based on filings on the Singapore Exchange in the third week
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    • Article, Illustration
      Lock icon Making ‘comply or explain’ work
      914 7  -  Responsibility for compliance with the Code does not rest entirely on the regulator. BY JOYCE KOH T The writer is the executive director of the Singapore Institute of Directors. THE SGX is gently turning up the heat on compliance with the Code of Corporate Governance.
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index NOV 20,2015 2,917.91 -7.77 (-0.27%) Current streak 1 day Week high 2,919.83 Week low 2,886.08 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,793.15 (Oct 2, 2015) FTSE ST Catalist index NOV 20,2015 516.53 -5.64 (-1.08%) Current streak 1 day Week high 525.69 Week
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    • Article, Illustration
      Lock icon Yuan devaluation, US rate hike are main focus
      631 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT READING between the lines of the minutes of the US Federal Reserve’s October Open Markets Committee meeting, many analysts have concluded that in the minds of Fed officials, China is not a problem any longer. This
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index NOV 20,2015 704.08 -2.20 (-0.31%) Current streak 1 day Week high 706.07 Week low 699.13 52-week high 845.85 (Apr 17, 2015) 52-week low 677.74 (OCt 2, 2015)
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    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 229 +8 231/220 271 213 6.4 5794.7 CapitaLand 313 +7 318/300 379 267 11.5 2.9 *****.2 CapitaMall Trust 188 +1.5 189.5/185 228 184.5 5.8 6533.5 CityDev 754 -9 766/748 1095 748 9.1
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    • Article
      Lock icon GAINERS
      79 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 515.2 1.8 *****/***** DBXT MSUSA US$ 5322 494.0 7.0 5573/4938 DBXT Nifty50 ETF10 ***** 251.3 1.5 *****/***** DBXT MSJAP US$ 4987 87.5 1.3 5277/4433 DBXT MSEurope US$ 5637 69.2 0.9 6300/5225 BY PERCENTAGE CLOSE UP 52w high/low ChinaGaoxian W*****8
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    • Article
      Lock icon LOSERS
      80 8 BY CENTS CLOSE DOWN 52w high/low SPDR DJIA US$ ***** -220.2 -0.9 *****/***** DBXT MSTaiwan US$ 1924 -201.8 -6.9 2392/1788 IS MSCI SIN US$ 1044 -149.6 -9.2 1333/989 DBXT iBoxxSing SG$ ***** -116.0 -0.9 *****/***** DBXT E50 US$ 4807 -77.6 -1.1 5300/4350 BY PERCENTAGE CLOSE DOWN 52w high/low Ntegrator
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    • Article
      Lock icon UNUSUAL ACTIVITY
      78 8 VOL CLOSE($) CHANGE Sincap 57,131.9 0.075 +0.019 +33.93 Elektromotive 1,470.1 0.004 +0.002 +100.00 China Taisan 25.9 0.100 -0.045 -31.03 TPV Tech 13.0 0.200 +0.010 +5.26 Logistics 10.0 0.240 -0.070 -22.58 Hor Kew 26.5 0.395 -0.035 -8.14 Boardroom 1,099.606 0.600 +0.025 +4.35 AsiaPhos 452.9 0.094 -0.010 -9.62 Nippecraft 44.0
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      35 8 STI MSCI EAFE WEEKLY MSCI EAFE index NOV 20, 2015 1,754.65 +42.47 (+2.48%) Current streak 1 day Week high 1,757.35 Week low 1,706.61 52-week high 1,949.49 (May 15, 2015) 52-week low 1,660.74 (Sept 25, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 12 0 0 0 0 4 12 0 Manufacturing 56 70 29 14 13 9 70 83 38 Commerce 22 36 11 3 11 8 25 47 19 Tpt/Stor/Comms 12 19 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 64,177 64,177 224,706 224,706 Manufacturing 681,669 254,136 935,805 443,632 23,144 466,776 Commerce 438,111 228,661 666,772 307,611 13,728 321,339 Tpt/Stor/Comms 596,230 1,722 597,952 815,021 140 815,161 Finance 86,985 144 87,129 847,450 17 847,467 Construction 107,879 20,910
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    • Article
      Lock icon Metal prices slide on strong US$ and China woes
      463 8 COMMODITIES AFP London THE prices of metals slumped to mul-ti-year low points last week owing mainly to a strengthening US dollar and persistent concerns over weaker Chinese demand, analysts said. In a report on Tuesday, US investment bank Goldman Sachs noted
      AFP  -  463 words
    • Article
      Lock icon PRIME LENDING RATES
      267 8 NOV 20 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Taiwan Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque
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    • Article
      Lock icon MOST ACTIVE
      32 8 VOLUME Spackman 351,813,300 Yuuzoo 308,970,700 Noble 262,249,700 NOL 161,798,900 StratechGroup 157,009,700 Market volume 6,160,274,000 VALUE Singtel 329,494,772 DBS Grp 318,250,272 UOB 257,798,975 OCBC Bank 208,896,492 NOL 178,414,289 Market value 4,352,796,000
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    • Article
      Lock icon SGX ETFs
      107 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 296 -1 1476 299/293 355/280 296/297 IS MS INDIA US$ US674 +11 956 674/657 1000/648 671/674 84.3 DBXT MSBANGL US$ US98.8 +2.2 167 99.2/98.4 109/87.2 99.6/100.1 4.1 DBXT MSRussia US$ US191 +11 137 192/171
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    • Article
      Lock icon COMPANY MEETINGS
      140 8 COMPANY MEETING PLACE DATE TIME Xpress Holdings E 25 Tai Seng Ave #01-01 Scorpio East Bldg 23-Nov 10.00am Tat Hong Hldgs Ltd E 11 Eunos Road 8 Event Hall 2-2 Lifelong Learning Institute 25-Nov 10.00am Advanced Hldgs Ltd E 30 Woodlands Loop 26-Nov 10.00am Vicplas Intl Ltd A
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Nov 20 VALUE CLOSE BT OB/OS -727.00 -11.00 BT CADI -*****.00 -73.00 BT 10-day MA -*****.00 -73.00 FTSE ST Mid Cap 675.65 -2.90 FTSE ST Small Cap 410.02 -2.18 FTSE ST All Share 704.08 -1.35 FTSE ST China Top 173.89 -0.05 FTSE ST China 212.58 +0.41 FTSE
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    • Article
      Lock icon Sinarmas Land ramps up overseas expansion
      1137 9  -  It is eyeing London, Europe commercial assets while it continues to sell industrial land and launch residential projects in Indonesia.BY LYNETTE KHOO TOPLINE Indonesia.BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINARMAS Land, majority owned by Indonesia’s well-known Widjaja family, is speeding up its overseas expansion
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1459 9 Payment Ex Rec Pay Ann (cts) date date date date Accordia Golf Tr aw 2.320 27-Nov 01-Dec 15-Dec 12-Nov Aims Amp Cap Ind Reit do 2.600 04-Nov 06-Nov 23-Dec 29-Oct Aims Amp Cap Ind Reit bi 0.020 04-Nov 06-Nov 23-Dec 29-Oct Aims Amp Cap Ind Reit (1 Jul-30
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1278 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 9.80 0.88 0.59 AIMS AMP Cap Industrial Reit 1.00 1.00 1 0.11 12.36 1.63 1.36 ARA Asset Mgt 1.00 1.25 1 0.08
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    • Article
      Lock icon Managers see brisk business with soaring US$
      410 10 CURRENCIES REUTERS New York CURRENCY managers are getting back on their feet after weathering lacklustre performance and investor outflows in the aftermath of the global financial crisis, thanks to a surging US dollar and increased volatility in the foreign exchange market. US institutional
      REUTERS  -  410 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 10 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 10 NOV 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.958 4.594 0.673 5.576 47.617 98.151 0.885 8.310 3.083 1.095 75.877 33.798 1.016 10.058 0.730 23.468 25.692 0.471 0.719 Canada 1.044 4.797
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 10 NOV 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0152 1.0164 0.7192 0.7197 Canadian dollar 1.0600 1.0611 0.7513 0.7510 Euro 1.5089 1.5100 1.0690 1.0692 NZ dollar 0.9275 0.9286 0.6571 0.6575 Sterling pound 2.1558 2.1576 1.5273 1.5277
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 10 NOV 20 S$ Bid Offer 1-month 1.4128 1.4137 2-months 1.4141 1.4151 3-months 1.4154 1.4164 6-months 1.4184 1.4196 Source: OCBC
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        Lock icon NIKKEI
        2 10 WEEKLY
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        Lock icon SHANGHAI COMPOSITE
        3 10 COMPOSITEWEEKLY
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        Lock icon DOW JONES
        3 10 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 10 NOV 20 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov15 *****.00 *****.00 *****.50 *****.00 *****8 *****7 Dec15 *****.50 *****.50 *****.00 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar16 *****.00 *****.00 *****.00 *****.00 212 2548 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 10 Most active NOV 20 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.1 -0.2 ***** 1 18 11 DBS MB eCW*****4 8.3 -1.7 ***** 0.1 1880 5 UOB MB eCW*****4 12 -0.5 ***** 0.1 2150
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 10 In local curr In S$ In US$ dy yr dy yr dy yr Nov 20 Index Change Change Change Change Change Change World Preliminary 1311.8 0.4 2.8 0.1 6.3 0.3 -0.3 EAFE Preliminary 1042.9 0.1 5.7 -0.3 5.3 -0.2 -1.1 Europe Preliminary 1455.6 0.1 5.3
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 10 NOV 20 $S Offer Bid 0vernight 0.15 0.05 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.55 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.30 0.20 3 months 0.45 0.25 6 months 0.70 0.50 9 months 0.90 0.70 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        71 10 Nov 20 Nov 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.21 100.28 100.26 5-Year N*****0S 2.000 01-Jul-20 100.01 100.30 100.15 10-Year NX*****Z 2.375 01-Jun-25 98.62 98.95 98.75 15-Year NZ*****F 2.875 01-Sep-30 100.79 101.35 101.20 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 10 Nov-20 Price Net change change Last Trade Agricultural Nov-20 CBOT Soybeans (US cents/bu) 857.50 -2.50 -0.29% 14/01/2016 CBOT Soybean Oil (US cents/lb) 27.90 0.35 1.27% 14/12/2015 CBOT Wheat (US cents/bu) 488.50 -2.25 -0.46% 14/12/2015 Nov-20 LIFFE Cocoa (£/tonne) 2298.00 1.00 0.04% 14/12/2015 LIFFE Coffee (US$/tonne) 1539.00 9.00 0.59%
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      • Article
        Lock icon PALM OIL
        57 10 NOV 20 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2130.0 2140.0 2164.0 2125.0 1883 ***** Jan 16 2228.0 2235.0 2240.0 2212.0 6433 ***** Feb 16 2291.0 2299.0 2299.0 2271.0 ***** ***** Mar 16 2342.0 2350.0
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    • Article
      Lock icon SGX MAINBOARD
      2071 11 Week Ended: Nov 20 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil 89 42 8Telecom Last Sale AAT vol ('000) High week LOW Div 153 131.5 AIMSAMP Cap Reit GrYld 175.5 124.2 ARA Asset Mgmt 126 -3.5 3267
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    • Article
      Lock icon SGX CATALIST
      397 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol (000) 1 0.3 t Advanced Systems 0.4 unch 240 0.4 0.4 10.5 week Low Div C'vr GrYld Net P/E MCap 35 28 16.3 t Asiatravel.com t 3Cnergy
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    • Article
      Lock icon SGX ETF
      209 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E 123.5 110.2 ABF SG Bond ETF 115.2 unch 31 115.2 115.1 525.9 Last 107.7 78 CIMB APAC Div US$ US78 -5.7 5 78.5 78 8.2 1440 991 CIMBASEAN40 S$D 1151 +11
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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      208 7 IN A CHANGING WORLD, BUSINESS AND FAMILY TAKE THE SAME DIRECTION. □Z2 T* 23i v 3!!i >« Sv 11 >111! k 3&ssm y-----$0 Si; <9# Si < mil mm® mmm mm mi m Hi m H' m mm tilMMi Jill! SUPPORTING ENTREPRENEURS We know your needs as an entrepreneur extend
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  • Page 9 Advertisements
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  • Page 11 Advertisements
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      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
    • Article
      Lock icon Old subterranean stream causes NY building dispute
      1187 12 Owner wants to refurbish Manhattan block but neighbour says excavation poses danger because of river below NYT New York WITH New York City’s overheated real estate market showing no signs of cooling, disputes over developments tend to sprout like weeds. Many feel familiar:
      NYT  -  1,187 words
    • Article, Illustration
      Lock icon Why American landlords love refugee tenants
      1020 12 BLOOMBERG New York ONE week a refugee family is fleeing the brutality of civil war and living in a shipping container near the Syrian border, and the next they might be moving into a furnished apartment in Cleveland. Completing this trek from war-torn villages
      BLOOMBERG; PHOTO: REUTERS  -  1,020 words
    • Article
      Lock icon Tower Fifteen at Hoe Chiang Road for sale by Expression of Interest
      316 12 URA has given permission for site’s redevelopment into new 30-storey strata commercial development STRAITS TIMES ONLINE Singapore A FREEHOLD commercial building in the Central Business District (CBD) is being put up for sale by means of Expression of
      STRAITS TIMES ONLINE  -  316 words
  • Page 12 Advertisements
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      120 12 CBD FREEEHOLD COMMERCIAL BUILDING 15 HOE CHIANG ROAD TOWER FIFTEEN '■rrirn* 1 ja; n m Tower Actual view from 29-storey commercial building in prime Tanjong Pagar Right opposite the future Cantonment MRT Station Prominent corner location commanding excellent road frontages Site area: Approx. 3,654.5 sq m 39,337 sq ft GFA:
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon HEADING TOWARDS A BRIGHT FUTURE
      3328 14 THIS WEEK’S TOPIC How do the results of Myanmar’s Nov 8 general election affect your business decisions about the country? Tan Soon Kim Assistant CEO International Enterprise (IE) Singapore THE positive global response to the election bodes well for the country. IE Singapore is hopeful
      AFP  -  3,328 words
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  • Page 15 Advertisements
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      88 15 We build partnerships based on high standards of individual service, not one-size-fits-all r AMI m nn investment partners When it comes to Fixed Income investing, our focus is to ensure you achieve your objectives. We do this through greater transparency, faster response and solutions that are precisely tailored to your
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
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      Lock icon China migrant workers’ silver dreams
      1136 18 After working hard all their lives away from home, they look forward to using their hard-earned savings to live it up in retirement BLOOMBERG Migrant worker Guo Huailiang is planning to live it up a bit in his retirement. After 19 years living in cramped
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      Lock icon How to max out tax savings via SRS
      692 18  -  MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT A MONTH ago, we wrote about the Supplementary Retirement Scheme (SRS), a tax-deferred retirement savings scheme that Singapore workers can contribute to in order to save taxes. One concern we raised was how one could
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      Lock icon Bonds, USD will stay strong as rates rise
      692 18  -  By Mark Schofield T The writer is a managing director in Citi’s global strategy and macro group team INVESTORS now seem to be fairly well set up for a US Federal Reserve interest rate hike in December and even among those who
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      105 18 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • BANKING & FINANCE
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      Lock icon As QE bites, bank stocks prove to be a not-so-safe haven
      564 20 Some investors expected to pull back since tougher central bank policies and cost-cutting are still in play REUTERS London AFTER a disappointing third-quarter performance, European bank stocks are losing their shine for some investors despite hopes for a rebound
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    • Article
      Lock icon Swiss alternative bank ABS breaks negative rates taboo
      681 20 AFP Zurich A TINY Swiss bank specialised in financing social and environmental projects will on Jan 1 go where no retail lender has gone before, applying negative interest rates on individual clients. The Alternative Bank Schweiz (ABS) caused shockwaves with a letter
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      Lock icon Sprint taps US$1.2b in financing from SoftBank leasing unit
      557 20 BLOOMBERG New York SPRINT Corp is taking US$1.2 billion in financing from a newly created phone leasing company set up by majority owner SoftBank Group Corp to help lower equipment costs and relieve pressure on the unprofitable carrier’s dwindling cash supply.
      BLOOMBERG; PHOTO: BLOOMBERG  -  557 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Investors flee slumping commodities
      824 21  -  Dumping has accelerated in tandem with the closure of several hedge funds that specialise in commodity trading By Neil Behrmann btworld@sph.com.sg London BANKS, pension funds, traditional and hedge fund managers and individuals are fleeing commodities in highly volatile markets; and banks which promoted raw materials as
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      Lock icon High costs shackle green carbon capture technology
      288 21 AFP Paris EVERY credible plan to save humanity from global warming reserves a key role for a green energy technology called carbon capture and storage. But there’s a problem: no one has figured out a viable way to pay for it. Usually just
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      128 21 North America will export more oil than it imports by 2020. The global energy landscape is changing dramatically. For example, North American oil and natural gas production is sending the region’s demand for imports plummeting to historic lows. This creates opportunities as well as risks. CME Group gives producers and
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  • TECHNOLOGY
    • Article
      Lock icon Hackers may hit home for the holidays
      730 23 Vulnerabilities of “Internet of Things” devices could be exploited as consumers adopt these products during this period, warn security analysts AFP Washington IT COULD be a merry holiday season for hackers, with millions of new and potentially vulnerable Internet-con-nected gadgets hitting the market.
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      Lock icon Lay-offs at several Indian startups spark bubble fears
      511 23 AFP Mumbai HUNDREDS of lay-offs at several Indian startups have sparked fears the bubble is starting to burst for the country’s e-commerce companies, amid claims by analysts that many of them are overvalued. Restaurant search website Zomato, food delivery app TinyOwl and
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      157 23 An initiative by T ripartite Alliance for Fair Progressive Employment Practices HOW CAN WORK-LIFE STRATEGY ENHANCE YOUR BUSINESS VALUE? Pauline Chua General Manager of Human Capital CSR at Fuji Xerox Singapore TALENU ml Work-Life Strategy is a series of measures and initiatives that maximises talent by helping your employees fulfil
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  • CONSUMER
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      Lock icon Controversy over Comcast’s Stream TV service
      750 24 Critics say programme is a potential violation of government’s net neutrality rules but Comcast says it is a cable video service, not cable Internet service WP Washington IT TURNS out that Comcast’s new video app, Stream TV, comes with a big asterisk: if you
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      Lock icon Bumper haul of expensive new drugs heads to US, Europe
      723 24 REUTERS London DRUG companies have brought a host of expensive new medicines to market in the United States and Europe this year, figures show, another bumper haul for an industry often accused of over-charging. Drug prices are set to be
      REUTERS; PHOTO: BLOOMBERG  -  723 words
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      2160 24 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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      448 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAN INVESTMENTS (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6543R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of MAN INVESTMENTS (SINGAPORE) PTE. LTD. deemed to have been duly convened
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      188 25 ■isstiS ram L E r "i u EEilEd c r !&:St r n j L J E L J 1 J E ■E E iras HJ J LTU ru H aim n E L H E j^tSjhih^ in LL 11 LSI E T 1 l EallfeSfifeag mw U yYou are
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  • GOVERNMENT & ECONOMY
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      Lock icon Japan-China infrastructure funding rivalry hots up
      785 26  -  In a move to counter China and AIIB, Abe says Japan will partner ADB to step up infrastructure aid in Asean By Anthony Rowley btworld@sph.com.sg Tokyo RIVALRY between Japan and China and between the Asian Development Bank (ADB) and the Asia Infrastructure Investment Bank
      785 words
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      Lock icon Analysts clash over whether or not Abenomics policies have ‘failed’
      870 26  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE question of whether or not the policies of Abenomics have failed to provide the world’s third-largest economy with sufficient velocity to escape the gravitational pull of repeated recessions is expected to dominate movements in
      870 words
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      Lock icon Hong Kong votes in first election since democracy protests
      586 26 AFP Hong Kong HONG Kong went to the polls on Sunday for the first time since huge pro-democracy protests gripped the city, in a key test of public sentiment. The spotlight is on the district elections to gauge whether support for
      AFP; PHOTO: AFP  -  586 words
    • Article
      Lock icon Major indices looking to December Fed meeting for directions
      890 26  -  New policy is likely for Christmas unless spike in US$ causes another global market shock WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, US stocks rallied for their biggest weekly gain of the year, helped by a tacit promise that
      890 words
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      Lock icon Exports of US services to S’pore up despite stronger US$
      707 28  -  Sales of US services to S’pore up 3.3 per cent to US$11.94 billion in 2014 By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SHIPMENTS of US services to Singapore picked up last year even as a stronger US dollar slowed the
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      Lock icon Former South Korean president Kim Young-sam dies at 87
      702 28 NYT Seoul KIM Young-sam, the former president of South Korea who replaced the last of the country’s military leaders, purged politicised generals and introduced a landmark reform aimed at transparency in financial transactions, died on Sunday. He was 87. Mr Kim,
      NYT; PHOTO: REUTERS  -  702 words
    • Article
      Lock icon US pushes China for greater market access
      496 28 But trade talks ending on Monday unlikely to lead to any breakthroughs amid hacking row, say analysts REUTERS Guangzhou THE United States pushed China for greater market access at annual trade talks on Sunday, though few breakthroughs are expected amid tensions over cyber
      REUTERS  -  496 words
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      46 28 Sell local and international food products 250,000VISITORS! 13thEDITION 17-20 MARCH SINGAPORE EXPO HALL 5 11am-10pm DAILY Thebestplatform toINCREASE yourSALES! BOOK YOUR SPACE NOW! Call 6747 4620 or email sales@exhibitsinc.com.sg Organised by: Organiser of IT Show, COMEX, World Food Fair, Consumer Electronics Exhibition and Yummy Food EXPO
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      37 28 My mother was a wise woman but most untiger-like. She understood me. I was, and still am, a determined and intense person.” Lee Wei Ling GET A COPY NOW! Now available at all major bookstores and www.stpressbooks.com.sg
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      30 28 SELL YOUR CAR BY BIDDING RECEIVE HIGHEST SELLING PRICE IN 1 WORKING DAY Call us now for a FREE Car Valuation 6744 7571 ONLINE BIDDING BYOVER 300 USEDCAR DEALERS! www.sgcarmart.com/quotz
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      104 28 ST DBS 2016 GRAB YOUR CHANCE TO MEET YOUR IDEAL CANDIDATES! Be a part of the STJobs Express Fair 2016. y w BOOK YOUR SPACE NOWS Limited Booths Available a Showcase your company’s profile to a broad spectrum of jobseekers. Reach out and discuss job opportunities with jobseekers on the
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  • TRANSPORT
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      Lock icon Register drones by year-end: US task force proposal
      775 29 Federal Aviation Administration relying on existing regulations to implement recommendations for registration BLOOMBERG Washington OWNERS of all but the smallest toy drones will have to register them with the US government before the end of the year if the Obama administration adopts
      BLOOMBERG; PHOTO: AFP  -  775 words
    • Article
      Lock icon Bomb threat, but SIA flight from US lands safely
      159 29 REUTERS Singapore SINGAPORE Airlines said on Sunday that there was a bomb threat to one of its flights which originated from San Francisco, but that it landed safely at Singapore’s Changi Airport. The airline, in a statement, did not provide any
      REUTERS  -  159 words
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      Lock icon Carlos Slim in best position to win Mexico airport project
      673 29 BLOOMBERG Mexico City MEXICO’S largest infrastructure companies have waited more than two years to get a piece of the capital’s new US$13 billion airport project. Now as bids get under way, most are in poor position to compete. Enter billionaire
      BLOOMBERG; PHOTO: REUTERS  -  673 words
    • Article
      Lock icon For China carmakers, tax cut may mean driving blind beyond ’16
      638 29 REUTERS Guangzhou CHINA’S move to cut tax on small-en-gine cars may revive sales growth in 2016 only to leave the world’s biggest auto market running on empty in years to come, analysts warn, raising the spectre of industry restructuring
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    • Article
      Lock icon SHIPPING TIMES
      1909 30 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) SUBIC SIN PG PKL JKT SUR PERMATA 001 60 28/11 30/11 POSITIVE PASSION 70 100 30/11 1/12 BRIGHT CORAL 007 60 3/12
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      28 29 MEN'S HEALTH SINGAPORE URBANATHLON2016 UNLEASH YOUR POWER. CONQUERYOUR FEARS. 14KM ROUTE, 9 OBSTACLES SIGN UP NOW FOR THE EARLY-BIRDSPECIAL! MARCH 13, 2016 7AM KALLANG PRACTICE TRACK Singapore’soriginalobstacleraceisback! MENSHEALTH.COM.SG
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      134 29 WHEEL DEAL The smarter way to sell your car sory Asian said I was not expecting to sell it for that much. t g to sell t much. s. ces atangs elp ota dothe Konam. nieral xMr Ken Soo, Mr Ken Soo sold his seven-year old Toyota Alphard for $58,000
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      17 29 Lm Jf6W '\~~7 9 /□I J I I I R HwnS SCAN WATCH NOW more showbiz.omy.sg Lt.
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      96 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the Business Times SHIPPING TIMES Make A Splash In The Maritime World Via sjft3riaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry, log on to SPHMaritime.com for a sea
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  • DINING OUT
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      Lock icon A meaty meal worth biting into
      949 31  -  At Yen Yakiniku, the variety is simply in the cut and origin of the meats and the skill comes from the cutting and the grilling. BY JAIME EE BY JAIME EE NEW RESTAURANT Yen Yakiniku 15 Ann Siang Road Tel: 6221-6380 Open for dinner
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      224 31 IMPACT, OPPORTUNITIES CHALLENGES The ASEAN Economic Community THE BUSINESS TIMES MAYBANK KIM ENG #\NVESTAS\A2016 The ABC encompassing 10 countries more than 600 million people, is targeted to come into effect this year. How will it change the region? What are its implications for politics and economics? What will it mean
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  • LIFE & CULTURE
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      Lock icon Adjusting to a new normal in pot-soaked Washington
      932 32 A casual attitude to marijuana is prevalent since city voted to legalise possession of small amounts WP Washington THE smell near the Columbia Heights Metro station on Wednesday night was unmistakable. A lit joint in hand, Tony Lee stood outside a residence
      WP  -  932 words
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      Lock icon Rejecting national test, Massachusetts shifts its model
      1561 32 NYT Boston IT has been one of the most stubborn problems in education: with 50 states, 50 standards and 50 tests, how could anyone really know what US students were learning, or how well? At a dinner with colleagues in 2009, Mitchell Chester,
      NYT; PHOTO: NYT  -  1,561 words
  • Page 32 Miscellaneous
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      322 32 CRYPTIC CROSSWORD Across 1 Life scientist has come with his bit prepared (10) 6 Fellow’s skin problem (4) 10 Male, deceased, recalled as good conductor (5) 11 Smuggler could be odd fish (3-6) 12 Manage to show love with poetry and love’s ending (7) 13 Conceal son alongside mum (7)
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