The Business Times, 4 January 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33744
Total Pages: 24
1 24 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Monday, January 4, 2016
    22 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,882.73 +5.11 KL Comp 1,692.51 +29.00 Nikkei 225 19,033.71 +264.65 Hang Seng 21,914.40 -223.73 Shenzhen B 1,309.36 -36.31 Dow 17,425.03 -127.14
    25 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    242 1 All eyes are on two events in Parliament scheduled for Jan 15 the first session of the 13th Parliament and the President’s address setting out the policies of the government.TOP STORIES 2 If the US bull market didn’t die in 2015, it suffered its biggest wound. The major
    242 words
  • Article, Illustration
    Lock icon S’pore risks fading into investment backwater as market cap shrinks
    1609 1  -  Analysts cite evaporating liquidity, decreasing depth and dearth of fund-raising By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore FRESH off its worst year for listings in at least two decades, the Singapore stock market now faces the threat of fading into an
    Source: Bloomberg  -  1,609 words
  • Article, Illustration
    Lock icon Specialist firm coming to S’pore to spot and groom tech talent
    992 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore LONDON-based Entrepreneur First (EF) not your usual startup accelerator may prove to be a bright spark for Singapore as the latter steps up efforts to groom the next generation of tech creators and
    PHOTO: ZACH TAN  -  992 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      161 1 8 "*****1 *****4 TOPLINE Tong Eng Group gives new life to ageing assets COMPANIES MARKETS 6 5TH QUARTER Confident, balanced flavours from Andrew Nocente DINING OUT/23 The Business Times celebrates its 40th anniversary in 2016. To mark four decades of reporting business news in Singapore and across the world, a
      161 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon A more challenging political landscape
      1038 2  -  Parliament will reconvene on Jan 15 amid a difficult period of economic transition and restructuring despite a stronger mandate for the ruling party SINGAPORE POLITICS By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE year which has just passed will go down in history as the one
      BT FILE PHOTO, PHILIPS  -  1,038 words
    • Article
      Lock icon Singapore needs to boast about its entrepreneurial success
      691 4  -  Investors care for buzz, which can also spur ambition and competition, says envoy By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE and London can use more “buzz” to promote their technology ecosystems to the world though each is already an innovation and finance
      691 words
    • Article, Illustration
      Lock icon 1976: Boardroom action and oil disputes
      402 4  -  Singapore’s extradition request of the Slater Walker boys, the Malaysian takeover of Sime Darby’s board and disunity among the oil-producing countries dominated the news in 1976. BY KENNETH LIM BY KENNETH LIM HE post-colonial restructuring of the business scene in Singapore and Malaysia was
      BT Graphics: Gareth Chung, Lynette Nec  -  402 words
    • Article
      Lock icon US indexes end year of violent swings bleeding red ink for first time in 7 years
      733 4  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg IF THE bull market didn’t die in 2015, it suffered its biggest wound to date. The major indexes finished a year of violent swings bleeding red ink
      733 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      89 2 9 RAFFLES RAFFLES BUSINESS INSTITUTE jpL -db WhatsApp: +*****8 7888 A,, a; ■:E ss E 3’ «frfe/±U §rA*» IllSc^g 2016.01.13-15 §rtt m sa ZDfSM+TTAAAAA Ail AH lf± «M#M Aiao Att «M#MBS#» rfrsijE^®)) ss S. fill! Mri*M ilfcjO AAA# ®-p®|tnA -tt #ili#‘®;#l±l AAABS# A PMPM-AMM#: MAMMA, Slli, ep AH ASH A#
      89 words
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
  • COMPANIES & MARKETS
    • Article
      Lock icon Will the truly independent director please stand up?
      889 5  -  SID BOARDROOM EH" MATTERS By Willie Cheng T The writer is chairman of the Singapore Institute of Directors. T For more articles, go to btd.sg/BMatters SEVERAL years ago, the chairman of a multi-billion-dol-lar enterprise said to me: “Let’s face it there is
      889 words
    • Article
      Lock icon Software provider Deskera plans to list on Catalist
      393 5  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore CLOUD-BASED business management software provider Deskera Holdings is planning to list on the Singapore Exchange’s (SGX) Catalist board, according to a preliminary offer document posted on SGX’s website. The company made a S$2.5 million net profit
      393 words
    • Article, Illustration
      Lock icon Tong Eng gives new life to ageing assets
      1912 6  -  Redevelopment of Serangoon Plaza to start later this year; strata office sales to start after Chinese New Year.BY TOP LINE Year.BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT TONG Eng Group faced one of its most trying moments during the mid-1980s. Shortly after the group
      PHOTO: ARTHUR LEE  -  1,912 words
    • Article
      Lock icon Losers outnumber gainers in record year for buybacks
      1571 6  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited IT was a record year for share buyback activity in the Singapore market with 112 companies posting 2,092 filings worth S$1.982 billion in 2015. Those are the highest
      1,571 words
    • Article
      Lock icon Emerging-market slump expected to continue
      418 7 CURRENCIES BLOOMBERG Kuala Lumpur EMERGING-market currencies slumped last year by the most in almost two decades, and analysts are forecasting further losses in 2016 due to China’s slowdown and rising US interest rates. The deteriorating sentiment also hurt stocks and bonds, with an index of
      BLOOMBERG  -  418 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        349 7 Dec 31 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 *****.00 *****.00 *****.50 *****.00 *****5 *****5 Feb16 *****.00 *****.00 *****.00 *****.00 369 146 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Jun16 *****.00 0 678 MSCI TAIWAN INDEX FUTURES Jan16
        349 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        214 7 Most active Dec 31 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2.9 -0.3 ***** 1 18 10 Asia-Pacific Strategic W*****9 0.2 0.1 8800 1 1 100 3.00 59 UOB MB eCW*****4 14.2 0.6
        214 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 7 In local curr In S$ In US$ dy yr dy yr dy yr Jan 1 Index Change Change Change Change Change Change World Preliminary 1277.7 0.0 0.0 0.0 0.0 0.0 0.0 EAFE Preliminary 1013.4 0.0 0.0 0.0 0.0 0.0 0.0 Europe Preliminary 1412.6 0.0 0.0
        377 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 7 Dec 31 $S Offer Bid 0vernight 0.05 0.03 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.50 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.60 0.40 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.05 0.85 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        67 7 Dec 31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.53 100.60 100.58 5-Year N*****0S 2.000 01-Jul-20 100.45 100.55 100.50 10-Year NX*****Z 2.375 01-Jun-25 98.15 98.30 98.15 15-Year NZ*****F 2.875 01-Sep-30 99.7 100.05 100.05 20-Year NZ*****V 3.375 01-Sep-33 105.97
        67 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 7 Dec-31 Price Net change change Last Trade Agricultural Dec-31 CBOT Soybeans (US cents/bu) 871.25 -4.25 -0.49% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.55 -0.29 -0.94% 14/01/2016 CBOT Wheat (US cents/bu) 470.00 0.25 0.05% 14/03/2016 Dec-31 LIFFE Cocoa (£/tonne) 2262.00 11.00 0.49% 14/03/2016 LIFFE Coffee (US$/tonne) 1491.00 15.00 1.02%
        250 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist WEEKLY Straits Times Index Dec 31,2015 2,882.73 +5.11 (+0.18%) Current streak 2 days Week high 2,888.22 Week low 2,875.32 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,793.15 (Oct 2, 2015) FTSE ST Catalist index Dec 31,2015 496.61 -2.63 (-0.53%) Current streak 4 days Week high 498.57 Week
      64 words
    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 972.6 3.4 *****/***** SPDR S&P500 US$ ***** 764.8 2.7 *****/***** JMH USD 4873 176.7 2.6 6788/4500 Lyxor Indonesia US$ 7274 148.4 1.5 9182/6250 DBXT Vietnam US$ 2294 134.3 4.3 2786/2139 BY PERCENTAGE CLOSE UP 52w high/low ChinaSports 2 122.2
      77 words
    • Article
      Lock icon LOSERS
      80 8 BY CENTS CLOSE DOWN 52w high/low Lyxor ThaiSET US$ 9994 -975.5 -6.5 *****/9994 DBXT MSKorea US$ 5097 -212.1 -2.9 6246/4478 GLD US$ ***** -169.6 -1.2 *****/***** DBXT Chia50 US$ 2932 -107.4 -2.5 4258/2750 China Mining 16 -51.0 -76.1 76.8/16 BY PERCENTAGE CLOSE DOWN 52w high/low DBS MB eCW*****1 0.5
      80 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE China Sports 79,603.0 0.020 +0.012 +150.00 China Dairy 316.6 0.188 +0.078 +70.91 Chasen 992.8 0.040 -0.021 -34.43 PSL 5,768.199 0.525 -0.125 -19.23 SP Corp 11.1 1.095 +0.100 +10.05 Hiap Tong 132.7 0.082 -0.006 -6.82 YHI Intl 210.1 0.190 +0.025 +15.15 China Minzhong 209.9 0.835 +0.145
      82 words
    • Article, Illustration
      Lock icon Another bearish year expected for stocks
      609 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ANEW year brings with it fresh hope. In the case of the local stock market, the hope is that 2016 will improve after a wretched 2015 when the Straits Times Index dropped 14.3 per cent and volume, already
      609 words
    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 unch 230/224 271 213 6.4 5989 CapitaLand 335 +2 340/332 379 267 12.3 2.7 *****.5 CapitaMall Trust 193 -2.5 196.5/191.5 228 184.5 5.6 6707.3 CityDev 765 -4 782/761 1095 695 9.2
      303 words
    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME Terratech 126,751,200 Noble 121,761,600 Global Tech 102,395,400 LionGold 97,360,000 ChinaSports 84,102,000 Market volume 3,221,404,000 VALUE Singtel 178,819,066 DBS Grp 108,244,200 OCBC Bank 87,942,424 UOB 84,954,300 CapitaLand 79,156,878 Market value 1,815,332,000
      33 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 31 VALUE CLOSE BT OB/OS 215.00 -60.00 BT CADI -*****.00 +4.00 BT 10-day MA -*****.00 +22.00 FTSE ST Mid Cap 667.53 -1.59 FTSE ST Small Cap 403.51 +0.88 FTSE ST All Share 694.98 -1.17 FTSE ST China Top 171.82 +0.27 FTSE ST China 208.96 +0.90 FTSE
      77 words
    • Article
      Lock icon SGX ETFS
      114 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US670 -5 1096 680/670 1000/639 670/678 83.8 STI ETF 295 +1 497 296/293 355/280 295/296 DBXT MSRussia US$ US167 -2 103 168/166 235/155 164/165 DBXT MSINDO us$ US1167 +17 65 1168/1155 1492/911
      114 words
    • Article
      Lock icon COMPANY MEETINGS
      117 8 COMPANY MEETING PLACE DATE TIME Eastern Hldgs E TKP Conference Centre Raffles Place (Hall 1) 55 Market Street, #09-02 08-Jan 11.00am Starland Holdings Ltd A Seminar Room 21 Heritage Place Tan Quee Lan Street #02-08 08-Jan 10.00am YHI International Ltd E No. 2 Pandan Road 08-Jan 9.30am Transcorp
      117 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Dec 31,2015 694.98 +2.25 (+0.32%) Current streak 1 day Week high 696.15 Week low 692.20 52-week high 845.85 (Apr 17, 2015) 52-week low 677.74 (Oct 2, 2015)
      36 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Dec 31,2015 1,716.28 -3.38 (-0.20%) Current streak 2 days Week high 1,731.54 Week low 1,716.28 52-week high 1,949.49 (May 15, 2015) 52-week low 1,660.74 (Sept 25, 2015)
      34 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 3 0 1 0 4 10 3 Manufacturing 52 59 29 10 16 8 62 75 37 Commerce 33 19 14 4 13 5 37 32 19 Tpt/Stor/Comms 20 14 5
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,136 8,863 31,999 96,599 2,889 99,488 Manufacturing 323,779 230,393 554,172 140,725 9,942 150,667 Commerce 302,969 105,031 408,000 152,939 5,516 158,455 Tpt/Stor/Comms 311,653 883 312,536 393,240 72 393,312 Finance 35,013 179 35,192 315,769 22 315,791 Construction
      125 words
    • Article, Illustration
      Lock icon Oil spearheads rout in 2015, hits 11-year low
      650 8 COMMODITIES AFP London OIL collapsed by almost 40 per cent this year to strike 11-year lows on chronic oversupply, demand fears and China’s slowdown, in a global commodities rout that sent metals tumbling. Europe’s benchmark oil contract, Brent North Sea crude, nosedived
      AFP; PHOTO: AFP  -  650 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds
      293 9 As at Dec 31, 2015 GROSS REDEMPTION YIELD YEAR RAISED NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT (S$m) COUPON RATE INTEREST YEAR RAISED ISIN CODE MATURITY DATE CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) 01.04.2016 N*****0W 2011 1 1/8 7300.00 1/10 1/4
      293 words
    • Article
      Lock icon PRIME LENDING RATES
      230 9 Dec 31 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
      230 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      643 9 Payment Ex Rec Pay Ann (cts) date date date date ABF Spore Bd Index Fd ETF dc 2.650 04-Jan 06-Jan 15-Jan 15-Dec AIMS Property Sec Fd do 0.147 29-Dec 31-Dec 18-Mar 22-Dec Ascendas Reit dd 2.990 15-Dec 17-Dec 15-Jan 09-Dec Ascendas Reit bi 0.060 15-Dec 17-Dec 15-Jan 09-Dec
      643 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1303 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 8.89 0.88 0.54 AIMS AMP Cap Industrial Reit 1.33 1.33 2 0.11 12.09 1.58 1.38 ARA Asset Mgt 1.25 1.25 2 0.09
      1,303 words
    • Article
      Lock icon SGX MAINBOARD
      1970 10 Week Ended: Dec 31 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale vol ('000) High week 153 131.5 AIMSAMP Cap Reit 137.5 unch 476 140 136.5 1 8.1 872.6 Div 175.5 109 ARA Asset Mgmt
      1,970 words
    • Article
      Lock icon SGX CATALIST
      287 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol (’000) High week LOW 25 4.5 t Alliance Mineral 11.8 -0.5 ***** 13.1 11.2 46.5 C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.2 29.5 18
      287 words
    • Article
      Lock icon SGX ETF
      155 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1136 +46 0 1136 1136 1043 700 CIMBASEAN40 US$ US795 +2 24 806 790 124.7 4258 2750 DBXT China50 US$ US2932 -76 4 2979
      155 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      195 5 IN A CHANGING WORLD, BUSINESS AND FAMILY TAKE THE SAME DIRECTION. :t 51 H3! m SUPPORTING ENTREPRENEURS We know your needs as an entrepreneur extend beyond your business, which is why we ensure their professional and personal assets are managed as one. With our support for entrepreneurs, your wealth has
      195 words
Page thumbnail Page 6
Page thumbnail Page 7
Page thumbnail Page 8
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      27 9 Iamincontrol whenItrade Peaceofmindhelpsyoumakebetterdecisions.Weprovide: GuaranteedStopLossOrdersforbetterriskmanagement Slick,straightforwardmobileappsforiOSandAndroidTM Aneasy-to-useplatform,packedwithfeatures Visitcmcmarkets.com.sgorourRafflesPlaceoffice,or call**********0 Takeabetterposition FX|INDICES|COMMODITIES|SHARES IssuedbyCMCMarketsSingaporePteLtd(UEN*****5050E).Thisadvertisforinformationonly,notaninvestment recommendation or financial advice. Losses can exceed your initial deposit. See risk warning/disclosure other importantinformationonourwebsite:www.cmcmarkets.com.sg.iPhoneisatrademarkofAppleInc.,registeredinthe U.S.&othercountries.AppStoreisaservicemarkofAppleInc.GooglePlayandAndroidaretrademarksofGoogleInc.
      27 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      79 10 SGX== SGX StockFacts Access stock fundamentals of all SGX-listed companies to generate ideas that suit your investment appetite. Plug into sgx.com/stockfacts now. Singapore Exchange j P This advertisement has been published for general circulation only. It is not an offer solicitation to buy or sell, nor financial advice or recommendation
      79 words
Page thumbnail Page 11
  • REAL ESTATE
    • Article, Illustration
      Lock icon Dubai blaze raises questions on skyscraper design
      653 11 Cladding widely used in exteriors of high-rises across Gulf can be flammable in some cases, experts say; cost of retrofitting buildings with safer materials deemed “prohibitive” REUTERS Dubai A BLAZE that engulfed a Dubai skyscraper on New Year’s Eve the emirate’s third high-rise
      REUTERS; PHOTO: REUTERS  -  653 words
    • Article
      Lock icon Low oil price hits Dakota property debt
      252 11 BLOOMBERG Seattle THE plunge in oil prices may jeopardise almost US$125 million of securitised loans backed by real estate in North Dakota, as drillers in the state scale back operations, Morningstar Credit Ratings LLC said. The rating company said that the debt, which
      BLOOMBERG  -  252 words
    • Article, Illustration
      Lock icon New York City’s rent-controlled tenants face 9.6% increase in leases
      804 11 NYT New York AT a time when rent-stabilised tenants in New York City are enjoying a freeze in their rents, another group of regulated tenants the dwindling minority in rent-controlled apartments is facing an increase of up to 9.6 per
      NYT; PHOTO: NYT  -  804 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The S$5-latte problem and a radically conservative solution
      3147 12  -  There is a wild but tested method for the salaried worker to become financially independent at a young age MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT I CALL this the latte problem, where two competing philosophies of personal finance are expressed in
      FILE PHOTO  -  3,147 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      105 12 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      8 12 This series is brought to you by Cltl
      8 words
Page thumbnail Page 13
  • BANKING & FINANCE
    • Article
      Lock icon Bank deposit outflows cloud Greek economy
      616 13 Savers’ distrust hampers bank credit, may derail govt goal of lifting capital controls by June-end BLOOMBERG Athens AS Greek Prime Minister Alexis Tsipras braces for another round of tough negotiations with creditors, savers are still reluctant to bet their money that this year’s talks
      BLOOMBERG  -  616 words
    • Article, Illustration
      Lock icon Swiss bank admits cash and gold withdrawals cheated US taxman
      512 13 BLOOMBERG Newark, New Jersey LARGE cash and gold withdrawals was one way Bank Lombard Odier Co allowed US clients to sever a paper trail on their assets and cheat the Internal Revenue Service, the Swiss lender admitted, agreeing to pay
      BLOOMBERG; PHOTO: BLOOMBERG  -  512 words
    • Article
      Lock icon Municipal bond dealers close or merge as underwriting fees shrink
      413 13 BLOOMBERG New York THE number of municipal bond dealers declined in 2015 as shrinking underwriting fees, record-low trading and growing regulatory costs led firms to abandon the US$3.7 trillion market or merge with competitors. Guggenheim Securities closed its local-government bond
      BLOOMBERG  -  413 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      64 13 BEST 3-LITRE SPORTS UTILITYVEHICLE Audi Q7 BEST 2-LITRE SPORTS UTILITYVEHICLE VolvoXC90 BESTMID-SIZE SPORTS UTILITYVEHICLE KiaSorento BEST CATEGORY B SALOON Ford Mondeo BEST LUXURY SALOON BMW7 Series BEST CATEGORYA HATCHBACK Citroen C4 Cactus BEST MID-SIZE COUPE LexusRC BEST SUPERMINI Mazda2 BEST CONVERTIBLE MazdaMX-5 BESTCARS OF2015 REVEALED IN JANUARY2016ISSUE Get your copy
      64 words
Page thumbnail Page 14
  • ENERGY & COMMODITIES
    • Article
      Lock icon America’s first shale gas export terminal starts production
      709 14 Cheniere Energy’s Sabine Pass project is expected to export its first cargo in January BLOOMBERG New York CHENIERE Energy Inc has started production at what will become the first terminal to export natural gas from America’s shale formations, according to ING Capital,
      BLOOMBERG  -  709 words
    • Article, Illustration
      Lock icon M’sia wants to suspend bauxite mining: source
      501 14 The largely unregulated industry has grown rapidly in the last two years to meet Chinese demand REUTERS Kuala Lumpur MALAYSIA is pushing to suspend bauxite mining due to concerns about its impact on the environment, a Cabinet source said on Saturday, threatening to
      REUTERS; PHOTO: AFP  -  501 words
    • Article, Illustration
      Lock icon Analysts do not see any recovery this year for commodities prices
      684 14 REUTERS Singapore A DECADE-OLD commodity boom came crashing to an end in 2015, hurting energy and mining companies and punishing prices as China’s industrial rise and appetite for raw materials slowed. The outlook for 2016 is not much better.
      REUTERS; PHOTO: REUTERS  -  684 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      14 14 All Aboard! Check out the new way to buy, sell, and rent property SRX.com.sg/property-train
      14 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      175 14 This book guides us through the REITs investments in a step-by-step and comprehensive manner Coupled with actual case studies of REITs in Singapore, you will learn the methods to grow your wealth with the higher dividend/investment returns from REITs. Investing in REITs is equivalent to investing in properties, but with
      175 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      11 14 y www.omy.sg r >r 5 V 0fc an SCAN&READ more blogs.omy.sg
      11 words
Page thumbnail Page 15
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Growing up with a smartphone in hand
      2145 15 The post-millennial generation has created a growing advertising market and fortunes for apps such as Snapchat and Instagram NYT New York OVER the past decade, advertisers have spent untold millions trying to turn Talia Kocar and her peers in the millennial generation into
      NYT; PHOTO: NYT  -  2,145 words
    • Article, Illustration
      Lock icon Looking beyond the Internet of Things
      916 15 NYT San Francisco IF YOU have sent e-mail on Google or used Microsoft’s browser or databases, you have touched the technology handiwork of Adam Bosworth. Mr Bosworth, a tall and grizzled but still trim 60-year-old, is a Johnny Appleseed of sorts in the tech
      NYT; PHOTO: NYT  -  916 words
Page thumbnail Page 16
  • CONSUMER
    • Article, Illustration
      Lock icon Billionaire’s purchase of paper seen as a power play
      959 16 Journalists worry they will face pressure to cover Adelson’s lawsuits differently NYT Las Vegas TWO days after Sheldon Adelson’s lawyers lost in their attempts to have a judge removed from a contentious lawsuit that threatens his gambling empire, a call went
      NYT; PHOTO: REUTERS  -  959 words
    • Article
      Lock icon CDC report reveals debate among scientists on cellphone risks
      1353 16 NYT New York WHEN the Centers for Disease Control and Prevention published new guidelines 18 months ago regarding the radiation risk from cellphones, it used unusually bold language: “We recommend caution in cellphone use.” The agency’s website previously had said that
      NYT  -  1,353 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      541 16 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
      541 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      478 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BCI2 PTE. LTD. (COMPANY REGISTRATION NO.: *****6457C) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 31 December 2015, the following resolutions were duly passed: 1. SPECIAL RESOLUTION-WINDING-UP RESOLVED THAT the Company be wound
      478 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 3
      441 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CETUS HOLDINGS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5974R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of CETUS HOLDINGS PTE. LTD. have been duly convened and held at Level
      441 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 4
      459 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AUTOGUARD PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO.*****7939E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of AUTOGUARD PTE. LTD. deemed to have been duly convened and held at 9 Raffles
      459 words
Page thumbnail Page 17
  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Beijing probes coal, chemical firms in bid to curb pollution
      151 17 REUTERS Beijing BEIJING’S government is investigating coal and other mining companies, as well as firms producing dangerous chemicals, in an effort to raise safety standards and push polluting enterprises out of the city, state media reported on Sunday. Chinese authorities
      REUTERS  -  151 words
    • Article
      Lock icon Raising taxes ‘inevitable’ as population ages: HK official
      183 17 BLOOMBERG Hong Kong HONG Kong will likely need to raise taxes and introduce new levies as an aging population is increasing public expenditure, according to the city’s top financial services official. “Facing a fiscal gap brought on by an aging population, raising
      BLOOMBERG  -  183 words
    • Article, Illustration
      Lock icon Obama likely to spend final year jetting around as he focuses on foreign policy
      1025 17 He has two trips to Asia, two more to Europe and another to Latin America on his calendar, and a second to Latin America will most likely be added NYT Honolulu WITH Washington increasingly consumed by
      NYT; PHOTO: AFP  -  1,025 words
    • Article, Illustration
      Lock icon Over 50, female and jobless in America
      1439 18 Even as others return to work in an improving US economy, older women are among millions of Americans yet to regain their footing in the workplace NewYork THE latest signs of an improving US economy were good enough to help persuade the Federal
      PHOTOS: NYT  -  1,439 words
    • Article, Illustration
      Lock icon Indonesia posts 4.73% growth, misses target due to global slowdown
      313 18 BLOOMBERG Jakarta INDONESIA missed its target for economic growth in 2015 because of a global slowdown, according to the Finance Ministry, which reported initial estimates for a larger-than-expected budget deficit and an undershoot on inflation for the year. The economy
      BLOOMBERG; PHOTO: REUTERS  -  313 words
    • Article
      Lock icon Beijing rejects Vietnam protest over South China Sea landing
      440 18 AFP Beijing BEIJING has rejected a protest from Vietnam after a Chinese plane landed on a contested reef in the South China Sea, saying that the operation took place within Chinese territory. A Chinese “test flight” landed on Fiery Cross reef,
      AFP  -  440 words
    • Article
      Lock icon Japan faced with prospect of ‘pensioner poverty’, says OECD
      525 18  -  Problem more acute for women in non-pensionable part-time jobs and those on contract employment, it says By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN entered 2016 “another year older” and if not quite “deeper in debt” then still with the highest public debt
      525 words
    • Article, Illustration
      Lock icon China grants courts more autonomy in small matters
      1353 20 Ambitious remake of China’s legal system has as its centrepiece the aim of making the courts independent of local government, but it’s a long haul NYT Beijing THIS past year has been a time of ups and downs for judge Jiang Huiling
      NYT; PHOTO: AFP  -  1,353 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      46 17 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
      46 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      63 17 mm iBSffn Baby Baby Exhibition 10-12 June 2016 Singapore EXPO Hall 5 ■>r Sell your brand, products services directly to over 70,000 new and expecting parents in November 2015! Book your space now! Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Ms Sharifah Fadlia 9005 3451 sfadlia@sph.com.sg Organised by: sphere For more
      63 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 3
      22 17 A story about a box that holds big dreams for a little country. Now on sale at all major bookstores and www.stpressbooks.com.sg
      22 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 4
      9 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices
      9 words
Page thumbnail Page 18
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      248 19 Ticket Prices inclusive of GST: TICKETS Early bird 1-DAY PASS $20 $30 2-DAY PASS Normal $30 $40 Validity (Year 2016) 1 Jan 13 Jan 14 Jan 20 Jan Venue: SPH News Centre Auditorium 1000 Toa Payoh North Singapore *****4 Date: Saturday Sunday 23 24 January 2016 Day 1 Saturday, 23
      248 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      775 20 A special feature brought to you by STJOBS Influence the People You Lead to Work as One ByTylus Lim tSo Lj** >| One key role of a leader is to rally people and followers to come together and collaboratively work towards achieving a goal. In a perfect world, everyone working
      775 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      25 20 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
      25 words
Page thumbnail Page 21
  • TRANSPORT
    • Article
      Lock icon Airbus wins deal from ANA to buy three A380s
      720 21 Agreement gives planemaker a welcome vote of confidence for an aircraft that had not won a new airline customer in three years BLOOMBERG Toulouse AIRBUS Group SE won an agreement from ANA Holdings Inc, Japan’s largest airline, to buy three of
      BLOOMBERG  -  720 words
    • Article, Illustration
      Lock icon Atlanta begins charging for a streetcar named Undesirable
      1053 21 NYT Atlanta THE streetcar was stopped in downtown traffic, and before long Keisha Schwarzel figured that was enough of a first experience with the year-old addition to Atlanta’s transit system. “I’d rather walk,” Ms Schwarzel, 35, said on a rain-drenched Wednesday morning.
      NYT; PHOTO: NYT  -  1,053 words
    • Article
      Lock icon New Triumph CEO aims to be ‘predictably profitable’ to woo investors
      285 21 BLOOMBERG New York TRIUMPH Group Inc’s new chief executive officer said he will put a stop to earnings misses, after the aerospaceparts maker has fallen short of analysts’ expectations in six of the past 10 quarters. “A big part
      BLOOMBERG  -  285 words
    • Article, Illustration
      Lock icon Uber’s rise means less love for London’s black cabs
      1013 21 WP London WITH their distinctive design and reassuring engine rumble, London’s black cabs stand out like fish and chips and Big Ben among Britain’s most cherished icons. London’s black-cab drivers believe they are the best in the world. And given their
      WP; PHOTO: BLOOMBERG  -  1,013 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      1159 22 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) BTL SIN PKL KUC KK JKT MALAYSIA STAR 54 50 9/1 10/1 14/1 16/1 FORTUNE EPOCH 101 35 122 9/1 14/1 15/1 18/1 SEA
      1,159 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      355 22 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
      355 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 3
      264 22 FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553, *****541, *****522 MAIN LINE: *****511 Fax: *****595/77/28/29 Our export vessel sailing schedule can now be viewed on www.freightlinks.com.sg Please feel free to visit our web page also visit us on facebook http://www.facebook.com/FLESIN KAOHSIUNG DALIAN SIHANOUKVILLE KOTA KINABALU TAICANG, JIANGSU PROVINCE VLADIVOSTOK, RUSSIA,
      264 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 4
      245 22 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 138 BST077 31/12/2015 01/01/2016 Buatan/Buatan DAILY Marco Polo 292 PRW011 31/12/2015 01/01/2016 Perawang/Perawang DAILY Marco Polo
      245 words
Page thumbnail Page 23
  • DINING OUT
    • Article, Illustration
      Lock icon Confident, balanced flavours
      873 23  -  Chef Andrew Nocente’s Aussie-inspired menu uses all ends of an animal and turns them into tasty morsels. BY JAIME EE morsels.BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT 5th Quarter Hotel vagabond 39 Syed Alwi Road Tel: 6291-1936 Open for lunch and dinner Tues to Sun: 12pm to
      PHOTOS: JOHN HENG  -  873 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      129 23 WHEEL DEAL ‘LIVE’ Carnival Automobile Megamart 9 10 January 2016 10am to 7pm Get the best price by having your car quoted ‘live’ by dealers from 11am to 3pm on Saturday 9 January. Registration limited to 30 cars only.# Call 6319 8889 or email wheeldeal@sph.com.sg with your contact details. For
      129 words
Page thumbnail Page 24
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Lifting the veil on the New York Public Library’s erotica collection
      1449 24 Any adult with a library card can now fill out a request and peruse the material on the premises NYT New York THE symbol was called When was handwritten on books and periodicals in the New York Public Library’s
      NYT; PHOTO: FRED CONRAD/THE NEW YORK TIMES  -  1,449 words
    • Article, Illustration
      Lock icon Conjuring the magic in New York’s past
      1113 24 NYT New York ON the third floor of a tenement in Hell’s Kitchen, the sorceress awaits. The walls of her lair are ochre, the curtains green crushed velvet. Books of arcane knowledge with titles such as Talking to the Dead line one wall
      NYT  -  1,113 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      362 24 CRYPTIC CROSSWORD Across 1 Do something magical that changes all aspects (4,1,5) 6 Track used by top athletes (4) 9 Twin reveals birds by river (5) 10 Tying up again with string or tape? (9) 12 Conservative diplomacy in meeting (7) 13 City feels great pity when bishop goes (5)
      362 words