The Business Times, 6 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 Wednesday, January 6, 2016
    22 words
  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 2,834.23 -1.740 KL Comp 1,665.70 +12.33 Nikkei 225 18,374.00 -76.98 Hang Seng 21,188.72 -138.40 Shenzhen B 1,253.29 +14.85 Dow (10.45am EST) 17,124.05 -24.89
    27 words
  • Article
    Lock icon DAILY DIGEST
    165 1 A large part of China’s slowdown has already occurred, and things could be less bad for the global economy ahead, says Bank of Singapore’s chief economist. TOP STORIES 4 More than one bid may be brewing for A-HTrust after the managers of the Reit sought out other investors
    165 words
  • Article
    Lock icon SGX offers flexibility in proposed sustainability reporting rules
    710 1  -  It seeks public feedback on ‘comply or explain’ regime where the entire board of directors is responsible for ensuring compliance By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore Exchange (SGX) plans to start the era of regulated sustainability reporting with plenty of
    710 words
  • Article, Illustration
    Lock icon Shaky sentiment
    178 1 Brent oil at lows BT Graphics: Ludwig Ilio Source: Bloomberg INDEX CHANGE YTD Shenzhen Comp (China) -1.86 T 9.92 ASX 200 (Australia) 463 -2.10 SET (Thailand) -0.80 -2.69 fi§ng§e_na_<H1<)_ _L5_ ___—33_1 Eiex (Taiwan) -0.48 -3.15 DAX (Germany) -0.35 T -4.62 Topix (Japan) -0.33 -2.75 §*)fl18,'flC£I1E<£“fl mi JJL CAC
    BT Graphics: Ludwig Ilio Source: Bloomberg  -  178 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      10 1 8 "*****1 *****4 THE BUSINESS TIMES Market views, Page 4
      10 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      28 1 TIGER AIRWAYS Holding out for better exit may prove more painful for Tiger’s minorities COMPANIES MARKETS 6 Editorial: Volatility the watchword for financial markets in 2016, Page 20
      28 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      81 1 DOING JUST FINE S’pore bus builders thrive despite China imports TOP STORIES 3 LUXURY COLLECTION S C U L P T U R A ARDMORE 8 ARDMORE PARK A visionary work of art that boldly defies convention. It is original, intriguing. With pools gracefully peeling away from the facade, reaching
      81 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 4
      69 1 LOOKING AHEAD TO 2016 Economic events of 2015 will come to bear this year EXEC MONEY 24 BT Infographics: Designing a sustainability reporting regime, Page 2 MDIS secretary-general R Theyvendran is still very much the driving force behind the private institution which celebrates its 60th year. Find out more about
      69 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon BOJ’s ETF move to focus on firms with high capital investment, wage payouts
      649 2  -  Central bank strategy seen as moving away from monetary into fiscal policy territory By Anthony Rowley btworld@sph.com.sg Tokyo TOKYO stocks may have taken a tumble in the wake of the latest China rout, but if the Bank
      649 words
    • Article
      Lock icon 1MDB explains why Bandar Malaysia buyer listed different deal price
      640 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur WHETHER in the form of an all-cash or a part cash-part assumption of debt deal, the total price tag for the 60 per cent stake in Bandar Malaysia Sdn Bhd is RM7.41 billion (S$2.4
      640 words
    • Article, Illustration
      Lock icon S’pore bus builders thrive despite China imports
      800 3  -  Tapping the demand for buses from private transport firms, they offer customisation and access to servicing and repair By Samuel Ee samuelee@sph.com.sg Singapore THE local bus-building business may sound like a sunset industry amid stiff competition from cheap Chinese imports, but it is
      800 words
    • Article, Illustration
      Lock icon Over-reliance on central banks the real cause of current market pain
      609 4  -  MARKET VIEWS COMMENTARY By R Sivanithy sivan@sph.com.sg @RSivanithyBT CONVENTIONAL wisdom has focused on China’s slowdown as the main cause of the current weakness in global equities, a slowdown brought on by the country’s transition from an investment/infrastructure-de-pendent economy to
      609 words
    • Article
      Lock icon Bulk of China slowdown over: Bank of S’pore
      491 4  -  Country can become a normal emerging market growing at 4-5% a year, says its chief economist By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A LARGE part of China’s slowdown has already occurred, and things could be less bad for the global economy going
      491 words
    • Article
      Lock icon China battles to shore up stocks, yuan after dive
      726 4 REUTERS Shanghai CHINA struggled to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling markets worldwide, but analysts warned investors to buckle up for more wild price swings in the months ahead. Stocks
      REUTERS  -  726 words
    • Article
      Lock icon ‘Manageable’ risks ahead for Singapore economy: UOB
      640 4  -  Though downside risks abound, they aren’t likely to create shocks for the economy, say its economists By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE impact of the past two days’ Chinese stock market rout on China’s economy will be limited, as the country makes
      640 words
    • Article, Illustration
      Lock icon Why the oil markets are yawning as Middle East powers rattle sabres
      627 4 BLOOMBERG London AT almost any other time, an escalating diplomatic conflict between Opec members Iran and Saudi Arabia would mean a spike in oil prices. That the rally this time couldn’t be sustained shows just how abnormal things
      BLOOMBERG; PHOTO: REUTERS  -  627 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      256 2 PICTET Pictet-Absl Rtn Fxd Inc-HP EUR Pictet-Absl Rtn Glo Div-P EUR Pictet-Asian Equities Ex Japan-P USD Pictet-Asian Local Currency Debt-P USD Pictet-Biotech-P USD Pictet-Clean Energy-P USD Pictet-Digital Communication-P USD Pictet-Eastern Europe-P EUR Pictet-Em Lcl Ccy Dbt-P USD Pictet-Emerging Markets-P USD Pictet-EUR Bonds-P Pictet-EUR Corporate Bonds-P Pictet-EUR Government Bonds-P Pictet-EUR High
      256 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      247 2 BTInfographics Designing a sustainability reporting regime The Singapore Exchange is seeking feedback on proposals that will make sustainability reporting a “comply or explain” requirement for all listed companies. BT looks at what could have been, and what made it into the consultation paper.BY KENNETH LIM How strict is a regime?
      247 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      171 3 Y tiiii i w mpLi 4 Pillars to a Successful Leadership i .1, V t|». o~. Jbv Jtt- ItvJS Need tips to get better workplace results from your team? Learn how to reach out to the different generations at work as an effective leader at this 2-day workshop! Registration ends
      171 words
    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      179 3 IBU Your address could be here: Level 39, Marina Bay Financial Centre Tower 2 V World’s finest Serviced Offices Fully furnished prestigious offices Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across the globe per
      179 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      5894 5 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own advice immediately from their stockbroker, bank manager, solicitor, accountant, tax adviser or other independent
      5,894 words
Page thumbnail Page 6
  • COMPANIES & MARKETS
    • Article
      Lock icon Holding out for better exit may prove more painful for Tiger’s minorities
      906 6  -  HOCK LOCK SIEW BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT TO TAKE or not to take? That seems to be the question now that Singapore Airlines (SIA) was forced into raising its offer price for Tiger Airways from 41 Singapore
      906 words
    • Article
      Lock icon CMA CGM piles up on NOL shares
      225 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore CMA CGM has acquired in the first two days of this week a total of 2.26 million shares in Neptune Orient Lines (NOL), six months before it is scheduled to make good its S$3.4 billion takeover
      225 words
    • Article, Illustration
      Lock icon Tiger Airways shares up on sweetened offer
      452 6  -  HOT STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore WHO’D have thought that an offer independently assessed by experts as “fair and reasonable” will be honeyed two months down the road by the offeror? As it turns out, “fair and reasonable” are not always
      Source: Bloomberg  -  452 words
    • Article, Illustration
      Lock icon Triyards shares spike in heavy trading
      200 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHARES in Triyards soared as much as 11.4 per cent on Tuesday in heavy trading. Some 992,300 shares changed hands, surpassing the last peak in the counter's trading volume back in late November. The stock was climbing
      Source: Bloomberg  -  200 words
    • Article
      Lock icon ST Telemedia invests in US-based Internet of Things company
      398 6  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE Technologies Telemedia (ST Telemedia) on Tuesday announced a strategic investment in Irvine, California-based Greenwave Systems, which provides Internet of Things (IoT) systems and managed services. As the lead investor, ST Telemedia is providing
      398 words
    • CORPORATE DIGEST
      • Article
        Lock icon OKH Global
        95 6 property developer OKH Global on Tuesday said its CEO and executive chairman has had an Interpol notice issued against him. The Red Notice from Interpol stated, among other things, that Bon Ween Foong is wanted by Indonesian authorities in connection with a charge of “providing false statement for
        95 words
      • Article
        Lock icon Qian Hu Corporation
        52 6 ornamental fish seller Qian Hu Corporation said in a profit guidance that its fourth quarter ended Dec 31, 2015, “will not be profitable”. The group expects to remain profitable for the full financial year, but said its profit will not be comparable to that of the previous
        52 words
      • Article
        Lock icon Ezion Holdings
        49 6 EZION Holdings on Tuesday said former member of parliament and current board director Wang Kai Yuen has been appointed as chairman. He replaced Lee Kian Soo, founder of Ezra Holdings, who has become chairman again at Ezra after its current non-executive chairman Koh Poh Tiong stepped down.
        49 words
    • Article, Illustration
      Lock icon Manulife gets DBS help in push to tap savings-rich region
      653 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CANADIAN insurer Manulife Financial Corporation’s push for a bigger slice of the life insurance pie in this lucrative savings-rich region, particularly Singapore, will receive a boost with the help of ally DBS Bank. Singapore
      PHOTO: LAURA NG  -  653 words
    • Article
      Lock icon Ascendas Hospitality may attract more than one offeror
      807 7  -  Reit managers said to have begun inviting other interested bidders after receiving unsolicited expression of interest By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THERE is likely going to be more than one bid for Ascendas Hospitality Trust (A-HTRUST). The Business Times understands from
      807 words
    • Article
      Lock icon SPH Reit posts unchanged Q1 DPU of 1.33 cents
      355 7  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SPH Reit on Tuesday reported a distribution per unit of 1.33 Singapore cents for the first quarter, unchanged from the same period a year ago. The period saw the weak retail sentiment dampening rental uplift
      355 words
    • Article
      Lock icon SPH co-invests US$1.68m in Indonesia’s Snapcart
      478 7  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE Press Holdings (SPH) on Tuesday announced its first SPH Media Fund investment in the new year part of a US$1.68 million “pre-Series A” funding into Snapcart, an Indone-sia-based cashback and consumer insight app. Snapcart, which enables consumers
      478 words
    • Article
      Lock icon Deskera hopes to draw more tech listings to SGX with its Catalist IPO
      587 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore stock market has a surprising lack of large tech companies and one software firm wants that to change starting with its own proposed listing on the Catalist board. Shashank
      587 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Jan 5,2016 2,834.23 -1.74 (-0.06%) Current streak 4 days Day high 2,846.27 Day low 2,820.42 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,787.94 (Sept 9, 2015) FTSE ST Catalist index Jan 5,2016 495.28 -0.04 (-0.01%) Current streak 6 days Day high 496.20 Day low
      63 words
    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5004 65.4 0.9 6246/4478 GLD US$ ***** 48.4 0.3 *****/***** JMH USD 4903 42.7 0.6 6788/4500 IS ASIA HYG S$D 1476 28.0 1.9 1499/1343 Great Eastern 2000 17.0 0.9 2600/1870 BY PERCENTAGE CLOSE UP 52w high/low TIH W*****9 0.2 100.0
      76 words
    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -677.2 -2.3 *****/***** SPDR DJIA US$ ***** -631.7 -2.5 *****/***** DBXT S&P500 US$ 3439 -192.1 -3.8 3626/3193 DBXT MSAsExJp US$ 3074 -146.5 -3.2 4064/2973 DBXT Nifty50 ETF10 ***** -143.7 -0.8 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Vashion 0.1
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      84 8 VOL CLOSE($) CHANGE Luzhou Bio-Chem 111,579.9 0.047 +0.014 +42.42 EcoWise 4,665.8 0.043 +0.006 +16.22 China Sky Chem 29,314.1 0.046 +0.012 +35.29 China Flexpack 2.3 0.380 -0.170 -30.91 LionGold 62,809.4 0.006 -0.001 -14.29 Prudential USD 1.0 21.840 -0.970 -4.25 CMC Infocomm 368.6 0.071 -0.008 -10.13 Ossia Intl 29.6 0.220
      84 words
    • Article, Illustration
      Lock icon Day of volatile trade settles to a slim loss
      652 8  -  Europe’s firm opening triggers late rebound. Luzhou Bio-Chem debuts on top-volume list, draws SGX query STOCKS By sivan@sph.com.sg R Sivanithy sivan@sph.com.sg @RSivanithyBT A VOLATILE session on Tuesday ended with the Straits Times Index (STI) first sinking to an intraday low of
      Source: Bloomberg  -  652 words
    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 226 +1 226/224 271 213 6.5 5936.4 CapitaLand 329 unch 331/325 379 267 12.1 2.7 *****.1 CapitaMall Trust 194 +3 194.5/191.5 228 184.5 5.6 6742 CityDev 749 -19 761/746 1095 695 9
      303 words
    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Luzhou Bio-Chem 111,579,900 Jiutian Chemical 71,718,100 LionGold 62,809,400 Noble 41,716,500 Chinese Global 37,957,200 Market volume 1,501,360,000 VALUE Singtel 84,817,424 DBS Grp 73,246,517 UOB 46,124,369 Global Logistic 45,994,643 OCBC Bank 39,482,454 Market value 905,059,000
      36 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 5 VALUE CLOSE BT OB/OS 129.00 +80.00 BT CADI -*****.00 +41.00 BT 10-day MA -*****.00 +13.00 FTSE ST Mid Cap 666.35 +2.32 FTSE ST Small Cap 405.33 +4.64 FTSE ST All Share 686.73 +0.32 FTSE ST China Top 169.92 +0.33 FTSE ST China 207.17 -0.77 FTSE
      77 words
    • Article
      Lock icon SGX ETFs
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 -1 511 290/288 355/280 288/289 IS MS INDIA US$ US667 +1 233 670/665 1000/639 667/669 83.4 DBXT MSBrazil US$ US218 -1 120 218/215 409/215 218/219 ABF SG Bond ETF 114 xd 69 114.8/114
      109 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 8 STI FTSE ST All-Share FTSE ST All-Share index Jan 5,2016 686.73 +0.32 (+0.05%) Current streak 1 day Day high 688.78 Day low 684.24 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29,2015)
      34 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Jan 4,2016 1,671.89 -44.39 (-2.59%) Current streak 1 day Day high 1,716.75 Day low 1,666.15 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 9, 2015)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      190 8 MAIN cam. torn U[:_I DOWN uncn UE Down Unch 99 Down uncn Mulli Int! 6 3 :1 O 1 O 6 4 A Mnnufactunng 52 39 13 9 8 7 61 47 25 Commerce 19 15 I4 3 2 S 22 17 19 Tpl/Star/Comms 13 10 9
      190 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,750 2,544 12,294 37,598 782 38,380 Manufacturing 345,888 122,464 468,352 88,788 2,808 91,596 Commerce 88,830 48,999 137,829 77,261 1,394 78,655 Tpt/Stor/Comms 148,928 100 149,028 199,841 8 199,849 Finance 16,680 59 16,739 181,171 7 181,179 Construction
      123 words
    • BROKERS’ TAKE
      • Article
        Lock icon Property | Overweight
        111 8 Property Overweight UOB Kay Hian, Jan 5 The impact of the interest rate hike on Singapore real estate investment trust (Reit) distributions is minimal in the near term (0.4-4.6 per cent drop in distribution per unit (DPU) for a 100-basis point rise) due to the long debt maturity period and
        111 words
      • Article
        Lock icon ComfortDelGro | Buy
        195 8 ComfortDelGro Buy Jan 5 close: S$3.04 Target price: S$3.40 OCBC Investment Research, Jan 5 SBS Transit Ltd, a 75 per cent-owned subsidiary of ComfortDelGro (CDG), announced on Dec 29,1) the sale of 50 new buses purchased between June and December 2015, to the Land Transport Authority (LTA) at net book
        195 words
      • Article
        Lock icon Yoma Strategic | Non-rated
        220 8  - Yoma Strategic Non-rated Compiled by Claire Huang Jan 5 close: S$0.475 RHB Research Institute Singapore, Jan 5 Yoma Strategic has signed a framework agreement with Myanmar’s Ministry of Rail Transport on a lease extension for its Landmark Development project in downtown Yangon. The existing land, sitting on the site of
        220 words
    • Article
      Lock icon CALENDAR
      15 8 DATA I Jan 6 Singapore COE bidding results IJan 6 US MBA mortgage applications
      15 words
    • Article
      Lock icon Euro falls as risk appetite stabilises
      388 9 CURRENCIES REUTERS London THE euro fell towards a one-month low against the US dollar on Tuesday, as risk appetite stabilised following a volatile Monday when weak Chinese data and a breakdown in relations between Saudi Arabia and Iran prompted a stockmarket sell-off. The US
      REUTERS  -  388 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.003 4.699 0.667 5.587 47.962 99.644 0.861 8.562 3.122 1.071 75.617 33.810 1.026 11.236 0.723 23.849 26.019 0.490 0.721 Canada 0.997 4.686
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 9
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
        2 words
      • Article, Illustration
        Lock icon NIKKEI
        1 9
        1 words
      • Article, Illustration
        Lock icon DOW JONES
        2 9
        2 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jan 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0251 1.0260 0.7205 0.7210 Canadian dollar 1.0224 1.0230 0.7189 0.7186 Euro 1.5377 1.5384 1.0808 1.0811 NZ dollar 0.9575 0.9584 0.6730 0.6735 Sterling pound 2.0922 2.0934 1.4706 1.4711
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        24 9 Jan 5 S$ Bid Offer 1-month 1.4242 1.4246 2-months 1.4254 1.4259 3-months 1.4267 1.4273 6-months 1.4299 1.4305 Source: OCBC Source: OCBC
        24 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 9 Jan 5 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 9745.00 *****.50 9662.50 *****.50 *****9 *****0 Feb16 9675.00 9962.50 9545.00 9950.00 2726 1668 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****2 *****1 Jun16 *****.00 *****.00 *****.00 *****.00 887 824 MSCI TAIWAN
        386 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 9 Most active Jan 5 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left CSC Holdings W*****9 0.4 unch ***** 1 1 8 3.25 59 FTSEChinaA50 ***** MBeCW*****8 14.4 1.9 6600 0.0 3 STI 3000 MB eCW*****9 4.2 -1.3 5040 0.0
        206 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jan 4 Index Change Change Change Change Change Change World Preliminary 1248.4 -2.3 -2.3 -1.9 -1.9 -2.4 -2.4 EAFE Preliminary 989.4 -2.4 -2.4 -2.1 -2.1 -2.6 -2.6 Europe Preliminary 1376.0 -2.6 -2.6
        377 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jan 5 $S Offer Bid 0vernight 0.10 Par 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.25 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 0.95 0.75 9 months 1.10 0.90 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Jan 5 Jan 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.56 100.68 100.55 5-Year N*****0S 2.000 01-Jul-20 100.27 10-Year NX*****Z 2.375 01-Jun-25 98.51 98.50 98.45 15-Year NZ*****F 2.875 01-Sep-30 100.59 100.75 100.25 20-Year NZ*****V 3.375 01-Sep-33 107.04
        69 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jan-4 Price Net change change Last Trade Agricultural Jan-4 CBOT Soybeans (US cents/bu) 864.50 -6.75 -0.77% 14/01/2016 CBOT Soybean Oil (US cents/lb) 29.93 -0.62 -2.03% 14/01/2016 CBOT Wheat (US cents/bu) 458.25 -11.75 -2.50% 14/03/2016 Jan-4 LIFFE Cocoa (£/tonne) 2209.00 -53.00 -2.34% 14/03/2016 LIFFE Coffee (US$/tonne) 1481.00 -10.00 -0.67%
        250 words
    • Article
      Lock icon SGX MAINBOARD
      1765 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net 153 131.5 AIMSAMP Cap Reit 137.5 -0.5 217 138 136 1 8.1 872.6 High 175.5 109 ARA Asset Mgmt 118 +2 258 118 115.5
      1,765 words
    • Article
      Lock icon SGX CATALIST
      277 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.2 3.5 1.1 t Charisma Energy 1.1 -0.1 7373 1.2 1.1 11 141.2
      277 words
    • Article
      Lock icon SGX ETF
      127 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2750 DBXT China50 US$ US2826 -8 0 2826 2826 7.8 409 215 DBXT MSBrazil US$ US218 -1 120 218 215 1750 1151 DBXT MSCHINA US$ US1193
      127 words
  • Page 6 Advertisements
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      156 7 INE SELF-STORAGE L OCATED 5 MINUTES FROM ORCHARD ROAD TARTING AT $1.88 PER CASE PER MONTH ELL SIZES STARTING FROM 110 CASES ONLY FOR WINE 1 Chang Cham Road #04-05/06/07 OC Building (off Leng Kee Road) Singapore *****0 Tel: (65) 6464 9988 SALES GENERAL ENQUIRIES sales@onlyforwine.com.sg www.onlyforwine.com.sg Only For Wine
      156 words
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      112 10 SGX== SGX Academy i Sharpen your investment acumen through classroom and online courses. Singapore Exchange The "Invest Trade with Precision” course helps you develop confidence in entering the market. You will also learn strategies to improve profit targets and manage risks. Date 30 January 2016 Time :10am-5pm Venue SGX Centre,
      112 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      692 11 Defining your trading plan with the winning formula Key Learning Points To ensure a winning trade, what is the ONE signal that you should look out for? How to create a trading strategy that brings you through this volatile market environment? Technical Analysis applications to the different markets how they
      692 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      2933 11 MARCO POLO MARINE LTD (Incorporated in the Republic of Singapore) Company Registration No. *****0073Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of the Company will be held at Emerald Suite Level II, Golf Clubhouse, Orchid Country Club, 1 Orchid Club Road, Singapore
      2,933 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      119 12 INVEST IN YOUR FUTURE TODAY, BUY A PROPERTY! Enjoy cash rebate SGD 1,888* *Limited to first 5 purchases. Terms Condi~ons apply. FREE ADMISSIONS Time: 11.00am to 5.00pm Registration starts at 10.30am Date: Saturday Sunday 23 24 January 2016 Venue: SPH News Centre Auditorium 1000 Toa Payoh North Singapore *****4 Tanah
      119 words
Page thumbnail Page 13
  • REAL ESTATE
    • Article
      Lock icon Luxury deals push Manhattan apartment prices to pre-crisis peaks
      544 13 Median price of completed purchases jumps 17% to US$1.15m, the highest in 27 years NYT New York MANHATTAN home prices surged to a record in the fourth quarter, propelled by closings of luxury deals in new developments that were agreed to
      NYT  -  544 words
    • Article
      Lock icon 2 senior appointments and 2 departures at Colliers International
      532 13  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore COLLIERS International announced on Tuesday two new senior appointments to strengthen its Singapore team, while also disclosing that one of its deputy managing directors Calvin Yeo had left the company. The departure of Mr Yeo,
      532 words
    • Article
      Lock icon US real estate to draw more foreigners in 2016: survey
      327 13 BLOOMBERG Seattle MOST foreign investors expect to put more money into US property this year than they did in 2015, with New York remaining the top target market worldwide, according to a survey by the Association of foreign Investors in
      BLOOMBERG  -  327 words
    • Article
      Lock icon Goldman invests 4.4b rupees in India hotel firm
      253 13 REUTERS New Delhi GOLDMAN SACHS has invested 4.4 billion rupees (S$94 million) for a significant minority stake in Indian hotel investment and development firm Samhi Hotels, the companies said in a statement on Tuesday. Samhi, which operates 10 hotels and is developing
      REUTERS  -  253 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      1648 13 f CUSHMAN II WAKEFIELD MESMERIC SHOPHOUSES ALONG SPOTTISWOODE PARK ROAD Estate Agents Licence No:L*****33E 3 CONTIGUOUS UNITS OF FREEHOLD CONSERVED SHOPHOUSES WITHIN ‘BLAIR PLAIN CONSERVATION AREA’ Enjoys dual-frontage onto Blair Road and Spottiswoode Park Road Land Area: Approx. 7,203 sf Total Floor Area: Approx. 14,360 sf Zoned ‘Residential’ and ‘Residential
      1,648 words
Page thumbnail Page 14
  • BANKING & FINANCE
    • Article
      Lock icon Bank of China taps banks for world’s biggest aircraft leasing IPO
      540 14 Singapore-based BOC Aviation is Asia’s second-biggest lessor with a portfolio of about 250 planes valued at US$9.4 billion REUTERS Singapore BANK of China has hired Goldman Sachs and BOC International as joint sponsors for a US$3 billion Hong Kong
      REUTERS  -  540 words
    • Article, Illustration
      Lock icon Trading halts give investors new reason to shun H shares
      718 14 BLOOMBERG Hong Kong THE list of reasons for global investors to avoid Chinese shares in Hong Kong keeps getting longer. Already beaten down by China’s economic slowdown, a falling yuan and vanishing top executives, so-called H shares now face a
      BLOOMBERG; PHOTO: REUTERS  -  718 words
    • Article
      Lock icon Biggest Indonesian banks ordered to set aside extra capital to reduce risk
      270 14 REUTERS Jakarta INDONESIA’S banking watchdog has instructed the biggest banks to set aside more capital this year in an effort to reduce risks to the financial sector. The Financial Services Authority (OJK) said on its website it will
      REUTERS  -  270 words
    • Article
      Lock icon A growing conflict in Wall Street buyouts
      571 14 NYT New York IT goes by a rather innocuous-sound-ing name, the sort of phrase you might breeze past in a loan document: “designated lender counsel”. But pay attention, because it’s the latest conflict-ridden practice on Wall Street. Over the last several years, a
      NYT  -  571 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon US oil ‘strippers’ keep pumping despite slump
      825 15 They produce over a tenth of US oil output, enough to affect supply-demand balance and prices REUTERS Houston US “stripper well” operators, the nation’s smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing
      REUTERS; PHOTO: REUTERS  -  825 words
    • Article
      Lock icon China’s oil thirst offers hope of crude glut relief
      614 15 BLOOMBERG Shanghai CHINA’S insatiable appetite for crude is at least one thing oil bulls can count on this year. The world’s biggest commodity consumer may buy 8 per cent more oil from overseas in 2016, taking average purchases to 7.2 million
      BLOOMBERG  -  614 words
    • Article
      Lock icon Tenaga plans US$3b global sukuk to fund overseas investments
      466 15 BLOOMBERG Kuala Lumpur MALAYSIA’S biggest electricity company plans to breathe some life into the global Islamic bond market with a US$3 billion issuance programme after offerings slumped to a five-year low in 2015. Tenaga Nasional Bhd is asking bankers to submit
      BLOOMBERG  -  466 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      52 15 BuildTech Mandalay 2016 Mandalay's Leading Building Technology and Supply Event DECEMBER 2016 Mandalay City Hall, Myanmar Mandalay’s FIRST Building Construction Trade Exhibition! DISCOVER MARKET OPPORTUNITIES! PREMIUM SPACES AVAILABLE! Contact us today at btmandalay@sph.com.sg or call +65 6319 4037 Visit www.btmandalay.com for more information! Organised by: Co-Organised by: (sphere Myanmar Construction
      52 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      30 15 Read about Singapore’s Best Cars of 2015 in January Issue of SINGAPORE’S NO.1 MONTHLY AUTOMOTIVE MAGAZINE AVAILABLE IN PRINT AND DIGITAL EDITIONS Getyourcopynowfromthenews stand or visit www.torque.com. sg/subscription to subscribe.
      30 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 3
      70 15 ITSHOW 2016 10-13 March 2016 SUNTEC Singapore Levels 3,4 &6 L3,11am-9pm L4&L6,12-9pm itshow.sg fb.com/ComexITShow consumer electron^ Singapore’s LARGEST I.T. consumer electronics exhibition. Thousands of consumers will be there to buy your tech products services! *Limited Booths Available Book Your Space NOW! *Limited Booths Available Call *****620 or email to sales@exhibitsinc.com.sg
      70 words
Page thumbnail Page 16
  • TECHNOLOGY
    • Article, Illustration
      Lock icon Tech IPOs face tough crowd with start-up fatigue
      1004 16 Investors keen on growth but want to see path to profitability and cash flow BLOOMBERG New York EXPECT a resurrection of technology initial public offerings in 2016 as private fundraising options cool. But when it comes to valuations, it may not be
      BLOOMBERG; PHOTO: REUTERS  -  1,004 words
    • Article, Illustration
      Lock icon Windows 10 reaches 200m devices, outpaces Windows 8 by 400%
      429 16 BLOOMBERG New York MICROSOFT Corp’s new Windows 10 operating system is running on more than 200 million devices, putting the software on course for the fastest growth trajectory of any previous version as the company faces increasing competition with Apple
      BLOOMBERG; PHOTO: REUTERS  -  429 words
    • Article
      Lock icon Alibaba-backed Chinese phone maker Meizu to axe 5% of workers
      388 16 BLOOMBERG Hong Kong MEIZU Technology Corp, the Chinese smartphone maker backed by Alibaba Group Holding Ltd, is planning to cut as much as 5 per cent of its roughly 4,000 staff to strengthen its performance as industry growth cools. Meizu
      BLOOMBERG  -  388 words
    • Article, Illustration
      Lock icon Twitter new rules an attempt to #StopHarassment
      565 16 WP Washington IN AN attempt to limit harassment of its users, Twitter is changing the rules for what you are allowed to tweet. Among the policy updates Twitter announced last week: IAbusive behaviour, once part of an “abuse and spam” section, has been
      WP; PHOTO: REUTERS  -  565 words
    • Article
      Lock icon Toyota joins Ford in resisting Apple, Googledominance of dashboards
      353 16 WP Tokyo TOYOTA has agreed to use a carphone connectivity system championed by Ford in a front to keep Apple and Google from dominating control of dashboards. Toyota will introduce a telematics system with Ford’s SmartDeviceLink, an open platform that the
      WP  -  353 words
Page thumbnail Page 17
  • CONSUMER
    • Article
      Lock icon Collapse of Aussie retail giant puts private equity sales in spotlight
      619 17 Dick Smith Electronics latest among firms bought out by investors then sold to public before floundering REUTERS Sydney THE collapse of Australia’s biggest electronics retailer on Tuesday, just two years after listing, has sparked a fresh round of criticism
      REUTERS  -  619 words
    • Article, Illustration
      Lock icon Japan sushi boss pays US$117,000 for giant bluefin tuna
      434 17 REUTERS Tokyo A JAPANESE sushi boss paid more than US$ 117,000 on Tuesday for a giant bluefin tuna as Tokyo’s Tsukiji fish market held its last New Year auction ahead of a much-needed modernisation move. Bidding stopped at a whopping 14
      REUTERS; PHOTO: REUTERS  -  434 words
    • Article, Illustration
      Lock icon Aussie vineyards expecting better earnings as their hedges wind down
      1043 17 Exporters can now lock in the weaker exchange rate with new, more favourable contracts BLOOMBERG Sydney THE Australian dollar has completed its third year of declines yet John Casella, whose family exports Yellow Tail wine around the world, is only
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,043 words
    • Article
      Lock icon Fidelity drops credit card partners Amex, BOA
      402 17 REUTERS Boston FIDELITY Investments said on Monday that it is dropping long-time credit card partners American Express Co and Bank of America Corp, ending a 12-year partnership that has generated billions of dollars in fees. Boston-based Fidelity, which has 24 million customers, said
      REUTERS  -  402 words
Page thumbnail Page 18
  • TRANSPORT
    • Article
      Lock icon IMO undergoes changing of the guard
      801 18  -  Koji Sekimizu steps down after one term, and is succeeded by Kitack Lim, who will be kept busy with the shipping emissions issue and the migrant crisis, among other things STRAIT TALK BY DAVID HUGHES LAST Friday, Kitack Lim, formerly president of South Korea’s
      801 words
    • Article, Illustration
      Lock icon GM invests US$500 million in ride-hailing service Lyft
      841 18 NYT New York THE founders of Lyft, the ride-hailing service, have long imagined that the future of transportation would involve fewer cars on the road. Now General Motors is helping the startup reach that goal. Lyft announced on Monday that GM had
      NYT; PHOTO: NYT  -  841 words
    • Article, Illustration
      Lock icon US sues Volkswagen for cheating on emissions tests
      1064 18 NYT Washington THE Justice Department sued German automaker Volkswagen in federal court on Monday, saying that the company installed illegal devices in nearly 600,000 diesel engine systems to impair emissions controls, increasing harmful air pollution. But despite a pledge by the Justice
      NYT; PHOTO: AFP  -  1,064 words
Page thumbnail Page 19
Page thumbnail Page 20
  • OPINION
    • Article
      Lock icon Volatility the watchword for financial markets in 2016
      586 20 EDITORIAL CHINA’S stock market could well have set the tone for what may be the defining theme for financial markets in 2016 at least in emerging economies: volatility. The year began on an ominous note. On Monday, the Shanghai Composite Index sank
      586 words
    • Article, Illustration
      Lock icon S’pore as global hub for infrastructure finance
      1024 20  -  The Republic is a leading candidate, having been ranked as the world’s most attractive market for infrastructure investment for two years running. BY RANJAN CHAKRAVARTY AND JOSEPH CHERIAN running.BY RANJAN CHAKRAVARTY, JOSEPH CHERIAN T Ranjan Chakravarty is a visiting research consultant at the
      PHOTO: REUTERS  -  1,024 words
    • Article, Illustration
      Lock icon Privilege, pathology and power
      822 20  -  Modern America is a society in which a growing share of income and wealth is concentrated in the hands of a small number of people, and these people have huge political influence. THE BOTTOM LINE By Paul Krugman NYT WEALTH can be bad for your soul.
      NYT  -  822 words
    • Article
      Lock icon How to make your IT family happy
      986 21  -  COMMENTARY By will Poindexter, Florian Hoppe T The writers are respectively a partner with Bain Company in Chicago and also a member of the firm’s global IT practice; and a partner in Bain’s Singapore office EVERY company’s technology situation has unique aspects, yet
      986 words
    • Article, Illustration
      Lock icon Cameron could be saddled with blame for Europe’s disintegration
      685 21  -  By David Marsh T The writer is managing director at the Official Monetary and Financial Institutions Forum NO EUROPEAN leader has ever even attempted to mimic the rhetoric of John F Kennedy in his January 1961 inauguration address. There is no
      PHOTO: REUTERS  -  685 words
    • Article, Illustration
      Lock icon BRITAIN AT MOMENTOUS CROSSROADS THIS YEAR
      1113 21  -  May’s Scottish elections and an EU membership referendum expected in the second half of 016 could be crucial polls determining the future character of the UK.BY ANDREW HAMMOND UK.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for International
      PHOTO: BLOOMBERG  -  1,113 words
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      1153 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 8/1 10/1 13/1 16/1 FORTUNE EPOCH 101 35 122 10/1 16/1 18/1 21/1 SEA
      1,153 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      375 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
      375 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 3
      492 22 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TYSLA FF602 23/12 27/12 29/12 01/01 09/01 16/01 OBERON FF605 15/01 17/01 19/01 24/01 31/01 TAMERLANE FF606 18/01 22/01 24/01 26/01 31/01
      492 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 888 BST236 07/*****6 08/01/2016 Buatan/Buatan DAILY Marco Polo 252 809/16 08/01/2016 08/01/2016 S.Guntung/P .Burung DAILY Marco
      245 words
Page thumbnail Page 23
  • LIFE & CULTURE
    • Article
      Lock icon Music entrepreneur Robert Stigwood dies
      743 23 He had a golden touch in music, theatre and film, recognising early on the cross-promotional power of pop music and theatrical spectacle NYT Los Angeles ROBERT Stigwood, the Australian-born producer, personal manager and music executive whose blockbuster hits with the Bee Gees and work on
      NYT  -  743 words
    • Article, Illustration
      Lock icon How KFC’s Colonel Sanders inspired Nobu co-founder
      704 23 BLOOMBERG London NOBU co-founder Drew Nieporent was a student at the Cornell School of Hotel Administration in the mid-1970s when he got to meet Colonel Harland Sanders the face of Kentucky Fried Chicken. “He came to lecture at Cornell and I found out
      BLOOMBERG; PHOTO: BLOOMBERG  -  704 words
    • Article, Illustration
      Lock icon Gaze in wonder at the plant kingdom
      1161 23  -  Richard Mabey describes stealth vines, rare blooms and a giant waterlily fit for a queen.BY queen.BY CONSTANCE CASEY NYT New York IMAGINE a picture of a jungle. There are the familiar palms and vines, and down in a corner a monkey sitting on
      NYT  -  1,161 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      326 23 CRYPTIC CROSSWORD Across 1 Contract, perhaps, for engineering work (6) 4 Made much of being under tension (8) 9 Get in boat somehow (6) 10 Inspired by Diana, met when out (8) 12 King appears to vex Church (4) 13 in a way age is some protection (5) 14 State
      326 words
Page thumbnail Page 24
  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Looking ahead to 2016
      1406 24  -  The economic events of 2015 will come to bear on the global playing field this year By David F Lafferty, David T Reilly David Lafferty is senior vice-president and chief market strategist and David T Reilly is vice-president and investment strategist for the investment Strategies Group
      PHOTO: REUTERS  -  1,406 words
    • Article, Illustration
      Lock icon 2015 a standout year for wheeling and dealing
      773 24 NYT OF all the ways to describe mergers and acquisitions in 2015, “plain vanilla” is not one of them. Last year was one for the record books, generating US$4.7 trillion in announced deals, with the highest percentage ever derived from those valued
      NYT; PHOTO: REUTERS  -  773 words
    • Article
      Lock icon ST Engineering is top sell in industrials sector with S$46m
      488 24 ON THE RADAR GLOBAL mutual funds continued to sell more Singapore stocks than they bought in the three months to December 20, albeit on relatively thin volume. Net sells came to S$796.1 million compared to net buys of S$365.9 million
      488 words