The Business Times, 8 January 2016

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Total Pages: 26
1 26 The Business Times
  • 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 Friday, January 8, 2016
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  • 27 1 Thursday Change STI 2,729.91 -74.36 KL Comp 1,655.13 -12.84 Nikkei 225 17,767.34 -423.98 Hang Seng 20,333.34 -647.47 Shenzhen B 1,219.73 -52.36 Dow (10:45am EST) 16,746.70 -159.81
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  • Article, Illustration
    290 1 The Singapore dollar was volatile on Thursday, falling as much as 0.6 per cent at one stage as further yuan weakness roiled markets.TOP STORIES 2 Malaysia’s November exports grew by 6.3 per cent, but an economist has called the trade volume humdrum despite the battered ringgit having made
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  • 838 1  -  Yuan turmoil triggers China circuit breakers again as stocks crash, prompting regulator to suspend market braking mechanism By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore WAVES of selling engulfed Asian stock markets on Thursday following a 7-per-cent collapse in China stocks,
    Source: Bloomberg  -  838 words
  • 1313 1  -  Ultimately, the roles of the CPF and GIC cannot be conflated, say observers By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A PROPOSAL by the Singapore Business Federation (SBF) for sovereign wealth fund GIC to use Central Provident Fund (CPF) monies
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  • Page 1 Advertisements
    • 39 1 8 "*****1 *****4 THE BUSINESS TIMES WOMAN POWER The M1 Fringe Festival displays a strong feminine side setting the stage for an eye-opening journey into women’s psyches, the nature of animals and the state of humanity. BT LIFESTYLE 26
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    • 23 1 STREAMLINING STRATEGY Koh Brothers injects construction arm into listed subsidiary COMPANIES MARKETS/4 Editorial: As markets crash, Fed-watching has turned to PBOC-watching, Page 20
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    • 26 1 SUCCESSFUL APPLICATION Tanah Merah reserve list site triggered; more to come? real estate /13 MANAGEMENT’S RESPONSIBILITY Audit not a substitute for good corporate governance opinion 21
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    • 22 1 SMEs largely support SBF position paper, Page 3 Managing CPF funds is one thing; reviving the stock market is another, Page 4
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  • TOP STORIES
    • 510 2  -  But economists say the bigger question for the market is the overall trajectory of the yuan By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singdollar was pretty volatile on Thursday, falling as much as 0.6 per cent at one stage as further yuan weakness
      Source: Bloomberg  -  510 words
    • 402 2  -  China market turmoil has investors around the world fearing the worst By Peter Thal Larsen Hong Kong FOR the second time in less than six months, market turmoil in China is rattling the rest of the world. As in August last year, the trigger is
      PHOTO: BLOOMBERG  -  402 words
    • 449 2  -  OCBC and UOB confirm they face no ban on trading forex there By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore OCBC Bank and United Overseas Bank (UOB) both confirmed on Thursday that they continue to trade foreign exchange in China,
      449 words
    • 602 2 BLOOMBERG REUTERS London THE price of crude sold by Organization of the Petroleum Exporting Countries (Opec) members slid below US$30 a barrel, the lowest level in almost 12 years, as turmoil in Chinese markets deepened the global
      BLOOMBERG; REUTERS  -  602 words
    • 533 2  -  By leejamie@sph.com.sg Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Ministry of National Development (MND) and HDB issued a joint statement outlining the issues that they and Aljunied-Hougang Town Council (AHTC) put before the Court of Appeal on Thursday, suggesting the parties remain
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    • 740 3  -  Proposal to relook foreign manpower policies lauded; some want pension funds used to help promising SMEs By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore OWNERS of small and medium-sized enterprises (SMEs) have picked up on the Singapore Business Federation’s (SBF) proposal for the government to consider
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    • 614 3  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S November exports grew by 6.3 per cent year on year to RM67.63 billion (S$22 billion), but an economist has called the trade volume humdrum despite the battered ringgit having made Malaysian goods much cheaper
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    • 490 3 BLOOMBERG Washington US Federal Reserve policy makers dwelled on inflation performance at their December meeting, minutes of the gathering showed, in a sign price pressures will play a larger role in setting the pace of interest rate increases this year. “The
      BLOOMBERG; PHOTO: AFP  -  490 words
    • 439 3  -  Strong govt surplus gives S’pore flexibility to wield both fiscal and monetary tools to spur growth By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CONSUMPTION is expected to become a key contributor to growth in Asian economies this year, with government
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  • Page 3 Advertisements
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  • COMPANIES & MARKETS
    • 756 4  -  HOCK LOCK SIEW BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT Managing the country’s retirement savings and giving the stock market a boost are two very different goals that should not be conflated. If the government were to accept the Singapore
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    • 684 4  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore ARE prominent asset managers losing confidence in Singapore Post? An unexplained 6.2 per cent dive in SingPost shares on Wednesday might have something to do with fund selldowns in the postal and e-commerce group earlier
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    • 825 4  -  Enlarged KB Eco will become a one-stop engineering solutions company By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN a move to streamline its businesses, Koh Brothers Group is injecting its construction arm Koh Brothers Building Civil Engineering (Pte) Ltd (KBCE) into its listed
      PHOTO: ARTHUR LEE  -  825 words
    • 806 5  - More layoffs on the horizon for Malaysian oil gas sector Ten industry players said to have outlined plans for at least 2,700 more job cuts By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MORE retrenchment is taking place in Malaysia’s beleaguered oil and gas sector with 10 industry players reportedly having
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    • 343 5 REUTERS Singapore PRIVATE equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore’s Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value of US$600 million. The potential offers are
      REUTERS  -  343 words
    • 453 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore AS investors of Sete Brasil the largest single client at present for deep-water rigs being built at Sembcorp Marine (SembMarine) and Keppel Offshore Marine (Keppel O&M) meet to decide if the charter company
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    • 295 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Singapore Exchange (SGX) on Thursday said it has reprimanded Abterra, its executive chairman Cai Sui Xin and chief executive officer Lau Yu for breaches of listing rules. It has directed the minerals and resources company which recorded
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    • 243 5 BLOOMBERG REUTERS +Singapore NOBLE Group continues to be burdened by ratings from credit agencies on Thursday, just a week after Moody’s Investors Service cut the rating of Asia’s biggest commodity trader to junk status. Standard Poor’s cut its investment credit rating on Noble to
      BLOOMBERG; REUTERS  -  243 words
    • CORPORATE DIGEST
      • 43 5 BELEAGUERED yarn maker China Gaoxian Fibre Fabric Holdings, which had a change of chairman in December, said two independent directors have resigned. This means the number of IDs residing in Singapore has fallen below the minimum of two.
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      • 55 5 STARHILL Global Reit has sold the Roppongi Terzo property, located in Tokyo, for 2.5 billion yen (S$30.5 million). The property was last valued at 2.44 billion yen. The sale translates to a yield of 4.4 per cent. The net sale proceeds will be used to repay yen-denominated
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    • 335 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore GS Holdings, a commercial dishwashing company for Singapore F&B outlets that is run by the brother of Koufu Group’s co-owner, on Thursday launched a S$6 million share placement for a Catalist listing. The offer document showed
      335 words
    • Article, Illustration
      63 6 STI Catalist Straits Times Index Jan 7,2016 2,729.91 -74.36 (-2.65%) Current streak 6 days Day high 2,797.59 Day low 2,726.92 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,729.91 (Jan 7, 2016) FTSE ST Catalist index Jan 7,2016 480.80 -11.74 (-2.38%) Current streak 8 days Day high 492.59 Day low
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    • 78 6 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 130.5 0.9 *****/***** JMH USD 4908 67.4 1.0 6788/4500 DBXT S&P Short US$ 2222 57.4 1.8 2393/2086 IS Asia BND US 1031 21.5 1.5 1096/1010 IS ASIA BND S$D 1470 21.0 1.4 1482/1398 BY PERCENTAGE CLOSE UP 52w high/low CN9500MBePW*****8
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    • 78 6 BY CENTS CLOSE DOWN 52w high/low SPDR DJIA US$ ***** -740.0 -3.0 *****/***** SPDR S&P500 US$ ***** -361.4 -1.3 *****/***** DBXT Nifty50 ETF10 ***** -232.3 -1.4 *****/***** DBXT E50 US$ 4275 -167.8 -2.7 5300/4275 DBXT China50 US$ 2666 -156.3 -3.9 4258/2666 BY PERCENTAGE CLOSE DOWN 52w high/low KepCorp MBeCW16
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    • 83 6 VOL CLOSE($) CHANGE Plastoform 32.0 0.200 -0.100 -33.33 China Flexpack 14.9 0.410 +0.030 +7.90 Lorenzo Intl 674.1 0.030 -0.008 -21.05 Sunlight 400.3 0.017 +0.002 +13.33 BlueSkyPower 331.7 0.094 +0.011 +13.25 Hu An Cable 12,353.5 0.008 -0.003 -27.27 Meghmani SDS 106.0 0.205 -0.025 -10.87 Universal Res 24.6 0.270 +0.020
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    • 625 6  - China’s 7% plunge sends stocks reeling again Turnover was a heavy 1.3 billion units worth S$1.6 billion; Noble Group was the day’s most actively traded stock STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE selling which has marked 2016 thus far continued for a fourth consecutive session on Thursday after China’s
      Source: Bloomberg  -  625 words
    • 303 6 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 222 -5 227/220 271 213 6.6 5831.4 CapitaLand 314 -12 325/311 379 267 11.5 2.9 ***** CapitaMall Trust 191 -1.5 192.5/189.5 228 184.5 5.7 6637.8 CityDev 742 -12 764/740 1095 695 8.9
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    • 37 6 VOLUME Noble 126,486,500 Singtel 47,238,600 Genting Sing 43,774,900 Moya Asia R 38,188,900 Ezra 37,420,600 Market volume 1,608,466,000 VALUE DBS Grp 192,192,498 Singtel 166,124,721 Keppel Corp 113,876,806 OCBC Bank 106,201,837 UOB 88,606,176 Market value 1 ,571,636,000
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    • 77 6 Jan 7 VALUE CLOSE BT OB/OS -386.00 -361.00 BT CADI -*****.00 -295.00 BT 10-day MA -*****.00 -39.00 FTSE ST Mid Cap 648.02 -13.97 FTSE ST Small Cap 395.69 -7.47 FTSE ST All Share 665.47 -15.05 FTSE ST China Top 161.70 -5.39 FTSE ST China 198.42 -5.34 FTSE
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    • 108 6 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 280 -7 2925 287/280 355/280 280/281 IS ASIA HYG US$ US1028 -3 520 1029/1028 1130/1007 1025/1042 Nikko AM STI ETF 277 -10 181 288/277 361/277 277/279 6.7 DBXT MSRussia US$ US156 -6 42 158/156
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    • 35 6 STI FTSE ST All-Share FTSE ST All-Share index Jan 7,2016 665.47 -15.05 (-2.21%) Current streak 2 days Day high 678.72 Day low 664.45 52-week high 847.98 (Apr 15, 2015) 52-week low 665.47 (Jan 7, 2016)
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    • 33 6 STI MSCI EAFE MSCI EAFE index Jan 6,2016 1,649.95 -16.79 (-1.01%) Current streak 3 days Day high 1,671.90 Day low 1,642.43 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 13 1 0 1 0 0 14 1 Manufacturing 19 77 18 5 14 5 24 91 23 Commerce 10 29 9 1 8 1 11 37 10 Tpt/Stor/Comms 1 29 6
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    • 124 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 45,390 2,347 47,737 172,241 643 172,885 Manufacturing 142,915 38,705 181,620 119,957 1,782 121,739 Commerce 166,704 28,435 195,139 117,009 1,192 118,201 Tpt/Stor/Comms 223,326 564 223,890 309,827 46 309,874 Finance 37,501 27 37,528 408,693 3 408,696 Construction
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    • BROKERS’ TAKE
      • 114 6 Ascendas Reit Hold Jan 7 close: S$2.22 Target price: s$2.23 Maybank Kim Eng, Jan 7 AReit was busy during the holidays raising new equity to fund acquisitions. The exercise by itself dilutive, cuts FY2017-2018 distribution per units by 2.4-4.5 per cent. Target price lowers to S$2.23, maintain “Hold”. But the
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      • 99 6 Noble Group Hold Jan 7 close: S$0.345 Target price: S$0.44 OCBC Investment Research, Jan 7 Noble Group saw a sharp swing in its share price of late, running up as much as 22 per cent on news of the impending sale of Noble Agri Limited (NAL) before losing almost all
        99 words
      • 88 6 ISOTeam Buy Jan 7 close: S$0.605 Target price: S$0.73 UOB Kay Hian, Jan 7 iSOTeam is acquiring TMG Projects for S$4 million. The acquisition will enable ISO to further enhance its presence in the private sector across industries such as shopping malls, schools, hospitals and high-end hotels. We understand that
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      • 142 6  - CSE Global Hold Compiled by Claire Huang Jan 7 close:S$0.465 Target price: S$0.49 DBS Group Research, Jan 7 We trim FY2015 forecast/2016 forecast earnings for CSE Global by 7 per cent/15 per cent due to slowdown in large greenfield projects. With healthy net cash position, absolute dividends are likely to
        142 words
    • 8 6 DATA I Jan 8 US Unemployment Rate
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    • 443 7 CURRENCIES REUTERS London THE yen rose to its highest against the dollar in more than four months on Thursday as investors looked for a haven after China guided the yuan aggressively lower, fuelling fresh anxiety about its economy and its policy
      REUTERS  -  443 words
    • FOREX RATES
      • 525 7 Mn 7 A5 (:5 Rmb Sung HK5 ind Rs Rupiah Yen Won RM N25 Pak Rs Peso ss Rand sfr NTS Baht Pound U55; Austraha 0.997 4.649 0.654 5.466 47 053 98.185 0.333 3.453 3.094 1.058 73.961 ***** 1 011 11.284 0.710 ***** 225.574 0483 0.705 Canada
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      • 155 7 Jan 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0110 1.0117 0.7049 0.7053 Canadian dollar 1.0147 1.0150 0.7076 0.7075 Euro 1.5465 1.5473 1.0783 1.0787 NZ dollar 0.9555 0.9563 0.6662 0.6667 Sterling pound 2.0919 2.0931 1.4586 1.4592
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      • 22 7 Jan 7 S$ Bid Offer 1-month 1.4357 1.4360 2-months 1.4371 1.4375 3-months 1.4383 1.4388 6-months 1.4415 1.4420 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 398 7 Jan 7 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 *****.00 *****.50 9187.50 9400.00 *****7 *****7 Feb16 9892.50 9892.50 9077.50 9290.00 3174 2752 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****5 *****0 Jun16 *****.00 *****.00 *****.00 *****.00 730 1169 MSCI TAIWAN
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      • 204 7 Most active Jan 7 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2.5 -0.3 ***** 1 18 9 FTSEChinaA50 ***** MBeCW*****8 10.4 -4 ***** 0.0 3 Ntegrator Intl Ltd W*****3 0.3 unch ***** 1 1 8
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      • 377 7 In local curr In S$ In US$ dy yr dy yr dy yr Jan 6 Index Change Change Change Change Change Change World Preliminary 1243.9 -1.0 -2.6 -0.3 -1.6 -1.0 -2.9 EAFE Preliminary 979.6 -1.1 -3.3 -0.4 -2.6 -1.0 -3.9 Europe Preliminary 1367.4 -1.1 -3.2
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    • BANK RATES
      • 154 7 Jan 7 $S Offer Bid 0vernight 0.07 0.05 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.05 US$ 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 1.15 0.95 12
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      • 65 7 Jan 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.48 5-Year N*****0S 2.000 01-Jul-20 100.31 10-Year NX*****Z 2.375 01-Jun-25 99.5 99.45 98.95 15-Year NZ*****F 2.875 01-Sep-30 101.92 101.75 101.15 20-Year NZ*****V 3.375 01-Sep-33 108.56 108.70 107.37 30-Year NA*****N
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    • AGRI METALS ENERGY
      • 265 7 Jan-6 moo Net duangg Vschange lastmde Agncunnrat Jln-6 cam’ Sflvlxmjfi ms ‘cams/uu) 875.75 3.00 0.92% mm *****:. cam Soybean on (Us zszmsflln) £9 59 -um 0. 12% M/mrrtm. EBCIT wheat !U5 celmbul -t6£.?‘$ Y 60 0 33%’. **********016 JIIM UH! CDCr:s{EI£DnI1e‘» 21--e.~..uu «mu -2.124. ~um3I2rm. L_lFv'-E cnma nussxmm
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    • 1647 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net 153 131.5 AIMSAMP Cap Reit 133 -2.5 663 135.5 133 1 8.3 844.1 High 175.5 109 ARA Asset Mgmt 114 unch 1042 116 113
      1,647 words
    • 269 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) 1 0.3 t Advanced Systems 0.4 unch 100 0.4 0.4 10.5 Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.2 29.5 18
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    • 135 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 71.4 CIMB APAC Div US$ US71.4 -5.6 6 72 71.4 7.5 1043 700 CIMBASEAN40 US$ US760 -13 1 770 760 119.2 4258 2666 DBXT China50 US$ US2666 -109
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  • Page 5 Advertisements
    • 1389 5 NOTICES PNE INDUSTRIES LTD Company Registration no. *****5792R (Incorporated in the Republic of Singapore) :QNL(’Q)QR <?SQ= >>C "Q.RQ0QQ) :-iRb 2^Ba^Cb 9L.Ni+-)Q FF>>EE NOTICE OF ANNUAL GENERAL MEETING T<7Y!] Y9 Z]:]"k [Y5]T ’Mi’ ’MQ 9Lf’QQ.’M #..&iI [Q.Q)iI UQQ’L.N -P ’MQ !-0+i.e gLII hQ MQIR i’ <)SMLR !-&.’)e !I&hb H <)SMLR !I&h
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  • BANKING & FINANCE
  • Page 9 Advertisements
    • 1841 9 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices PNE MICRON HOLDINGS LTD (Company Registration No. *****5909M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of PNE Micron Holdings Limited (the “Company”) will be held at 16 Tuas
      1,841 words
    • 259 9 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ASIA SOHO (SINGAPORE) PTE. LTD. (In Liquidation) (COMPANY REGISTRATION NO. *****6060C) NOTICE OF CREDITORS'MEETING NOTICE ISHEREBYGIVENthata meeting ofthecreditorsof the abovenamed Company will be held at 16 Raffles Quay, #22-00 Hong Leong Building, Singapore *****1 on the
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      366 words

  • ENERGY & COMMODITIES
    • 653 10 More overseas shipments of surplus steel and diesel will add to glut in global markets BLOOMBERG Seoul CHINA’S market turmoil is kicking commodities when they’re down. The central bank on Thursday cut the yuan’s daily reference rate by the most since August,
      BLOOMBERG  -  653 words
    • 669 10 REUTERS Beijing CHINA is building underground caverns capable of holding up to a quarter of its expanded strategic oil reserves by 2020, as it looks for new storage methods away from expensive and exposed above-ground tanks in crowded coastal regions. In
      REUTERS  -  669 words
    • 516 10 BLOOMBERG Kuala Lumpur MALAYSIA may expand its crackdown on bauxite mining after the nation’s anti-graft agency said it found “elements of corruption” committed in the extraction of the ore. The government imposed a three-month ban on bauxite mining in its largest producing
      BLOOMBERG  -  516 words
  • Page 10 Advertisements
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      868 words

  • TECHNOLOGY
    • 860 11 Activist shareholder Starboard says current leadership is destroying value REUTERS BLOOMBERG New York YAHOO Inc is working on a plan to cut its workforce by at least 10 per cent and it could start the process as early as this month,
      REUTERS; BLOOMBERG; PHOTO: AFP  -  860 words
    • 601 11 Analysts see annual sales falling for the first time since iPhone was launched REUTERS New York APPLE Inc shares dropped below US$100 for the first time in nearly five months on Wednesday following reports of slowing shipments of the tech company’s
      REUTERS  -  601 words
    • 278 11 BLOOMBERG Toronto BLACKBERRY Ltd laid out its plans on Wednesday for building autonomous car software, jumping into a race with the likes of Apple Inc, Google and Tesla Motors Inc to capture a piece of the ballooning industry. The company’s QNX software division showed off
      BLOOMBERG  -  278 words
  • Page 11 Advertisements
    • 1226 11 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices SAVVY LITE LIMITED (Company Number: *****68) In Voluntary Liquidation Notice is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, Cap. 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 22 December
      1,226 words
    • 549 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LHI TECHNOLOGY (S) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2223M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of LHI TECHNOLOGY (S) PTE LTD deemed to have been duly convened
      549 words
    • 1345 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FEATURE INVESTMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****0524W) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Feature Investment Pte Ltd duly convened and held on the 31st day of December 2015,
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  • CONSUMER
    • 499 12 Department store giant under pressure from investor to extract value from property as retail sales wane BLOOMBERG New York MACY’s Inc is seeking to sell stakes in its flagship stores, including its landmark building on West 34th Street in Manhattan’s Herald Square,
      BLOOMBERG  -  499 words
    • 964 12 AFP Las Vegas IT’S not last year’s fitness tracker anymore. New technology on display at the Consumer Electronics Show (CES) gets deeper into your skin, heart and muscle to help boost performance and health for competitive athletes as well as
      AFP; PHOTOS: AFP, BLOOMBERG  -  964 words
    • 411 12 REUTERS London STUDIES from Britain and Mexico suggest reducing sugar in sweetened drinks or taxing it more to cut consumption can help people limit their calorie intake and lower their risk of developing diabetes, but not by much. Two
      REUTERS  -  411 words
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  • REAL ESTATE
    • 916 13  -  Successful applicant commits to S$580 psf ppr minimum bid; analysts expect developers to apply for more reserve list sites in next few months due to depleting landbanks By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore JUST three weeks after the Ministry of National Development announced the
      Source: URA; BT Graphics  -  916 words
    • 403 13 Vancouver IN Vancouver, Canada’s most expensive real estate market, sales of homes over C$4 million (S$4.1 million) jumped 66.8 per cent last year and are set to stay strong in early 2016, buoyed by international demand and limited inventory, according to a
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    • 432 13  -  Confirmation of HDB’s flash estimates this week that prices are stabilising By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FURTHER to HDB flash estimates showing the resale prices of public flats stabilising, SRX’s latest data on Thursday confirms the trend of what
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    • 1141 13 BLOOMBERG Paradise Island, The Bahamas ONCE the playground of the rich and famously wild, a magnificent ocean-to-harbourfront estate on Paradise Island in the Bahamas is set to hit the auction block on Jan 14. Known as Kilkee House,
      BLOOMBERG; FILE PHOTO  -  1,141 words
    • 275 13 REUTERS Sydney AUSTRALIA’S home building boom is starting to look old in the tooth just when its economic benefits are sorely needed to offset slumping mining investment, a possible harbinger of tougher times in 2016. Alarm bells rang on Thursday when government
      REUTERS  -  275 words
    • 880 14 “Temporary” North Lawn Building being “dismantled”, with HQ renovations completed NYT United Nations IN New York, “temporary” train stations, “temporary” art installations and “temporary” sidewalk sheds can endure for a decade or more. So it is a marvel to report
      NYT; PHOTO: NYT  -  880 words
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  • Page 14 Advertisements
    • 746 14 D10 HOUSE FOR SALE HOLLAND Freehold GCB Approx Land 34K Built 17K sf Majestic Brand New Bungalow pool. Cul-de-sac. 8 big ensuite rms maid’s. Rare! Panoramic view. Ample parking. www.marytan.com.sg D10 HOUSE FOR SALE NASSIM VICINITY New Launch! Luxurious 3-storey basement Semi-ds. F’hold. 5+1, lift, pool. Award Winning Architect. Open
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  • VEHICLES & LIFESTYLE
    • 664 15 THE GUARDIAN appiness does not make you live longer and stress-related misery will not shorten your life, according to a major new study. Many people believe that unhappiness, caused by working conditions, stressful relationships or general dissatisfaction with one’s lot, is likely to be life-shortening. Some
      THE GUARDIAN; Photo: Thinkstock  -  664 words
  • Page 15 Advertisements
    • 205 15 BMW FOR SALE BMW M3 VINCAR NEW BMW M3, High Option. 20% deposit. Monthly from $2,882 x 120. Sales Lease. 5 years warranty free maintenance. Call 9749 1119. MERCEDES FOR SALE MERCEDES BENZ E250 AMG VINCAR NEW E250 AMG. Price with COE $228,000. 20% deposit, repayment up to 8 yrs.
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  • GOVERNMENT & ECONOMY
    • 574 16 Global risks are pushing down market gauges for future consumer price growth in the eurozone REUTERS London DEBT investors moved to price in a 50 per cent chance of a further rate cut from the European Central Bank
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    • 502 16  -  By Anthony Rowley btworld@sph.com.sg Tokyo TOKYO stock prices suffered a further savage drop on Thursday while the yen continued to climb in developments that analysts said threaten to undermine Japanese Prime Minister Shinzo Abe’s “Abenomics” policies and to push the Bank of
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    • 559 16 BLOOMBERG Beijing CHINA’S foreign exchange reserves slid more than forecast in December, capping their first-ever annual decline, as authorities sought to prop up a weakening yuan. The currency hoard shrank by a record US$108 billion to US$3.33 trillion in
      BLOOMBERG  -  559 words
    • 1033 16 BLOOMBERG London FOR a man who likes to guide investors, Mark Carney might be struggling to offer much more than suspense. The Bank of England governor was meant to start 2016, at the midpoint of his term, poised
      BLOOMBERG; indicated when he accepted PHOTO: REUTERS  -  1,033 words
    • 731 17 Maybank Islamic Asset Management Sdn predicts that benchmark sukuk yields will rise to 5 per cent BLOOMBERG Kuala Lumpur MALAYSIAN Prime Minister Najib Razak’s goal of reining in the budget deficit looks set to get tougher as a unit of the nation’s biggest lender
      BLOOMBERG; PHOTO: REUTERS  -  731 words
    • 425 17 BLOOMBERG Hamburg GERMAN factory orders rose more than economists anticipated in November as demand for basic goods surged the most in almost five years. Total orders, adjusted for seasonal swings and inflation, gained 1.5 per cent from October, when they were up
      BLOOMBERG  -  425 words
    • 432 17 BLOOMBERG Colombo GLOBAL markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday. China is struggling to find a new growth model and its currency devaluation is
      BLOOMBERG  -  432 words
    • 918 17 Surprise accord ends 5-year stalemate over overhaul of its governance structure NYT Washington A STRING of agreements between the White House and Congress, capped by last month’s surprise accord that ended a five-year impasse over the International Monetary Fund (IMF), has eased,
      NYT; played the PHOTO: AFP  -  918 words
  • Page 16 Advertisements
    • 258 16 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? Join Vito Henjoto as he shares insights on the
      258 words
    • 17 16 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • TRANSPORT
    • 847 18 NYT Las Vegas ALTHOUGH sales of electric and hybrid vehicles have struggled, carmakers are charging ahead to bring new battery-powered vehicles to market. Several car companies have focused on electric vehicles at the International CES consumer trade show here, including General Motors, which on
      NYT; PHOTO: REUTERS  -  847 words
    • 357 18  -  Bank of China-owned leasing firm is now one of Airbus’ top 10 customers By Nisha Ramchandani nishar@sph.com.sg @NishaBT Singapore SINGAPORE-BASED aircraft leasing firm BOC Aviation has ordered 30 Airbus A320 single-aisle aircraft, comprising 18 A320neo family aircraft and 12
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    • 492 18 REUTERS Shanghai CHINA’S dry-bulk shipping industry will likely see a surge in bankruptcies this year as freight rates hit record lows and the country’s demand for imports wanes, consultancy Shanghai International Shipping Institute (SISI) said. A number of firms have already gone
      REUTERS; BLOOMBERG FILE PHOTO  -  492 words
    • 743 18 BLOOMBERG New York WITH record US vehicle sales now on the books for 2015, carmakers are propelling into the new year with a sense that they’ll have to work harder to see more growth ahead. Carmakers dialled up discounts in
      BLOOMBERG  -  743 words
    • 394 18 AFP Berlin VOLKSWAGEN chief Matthias Mueller said the embattled group would press on with its diesel marketing offensive in the United States, despite a massive government lawsuit over its pollution-cheating scandal. The German auto giant plunged into its biggest
      AFP  -  394 words

  • Page 19 Advertisements
    • 1137 19 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 JKT SUR FORTUNE EPOCH 101 35 122 10/1 16/1 18/1 21/1 SEA CORAL 077 60 28/1 29/1 2/2 OCEAN SEAGULL
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    • 357 19 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
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    • 737 19 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
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  • OPINION
    • 651 20 EDITORIAL MARKET sentiment, by many accounts, is at one of its grimmest points since the global financial crisis of 2008-9 ravaged fortunes around the world. Investors worry about a China slowdown and rising US interest rates. They fret about emerging market debt
      651 words
    • 1271 20  -  The rise of Donald Trump in the US and other leaders committed to populism is not just transforming national politics but could have a major impact on geopolitics By Leon Hadar Washington AGAINST the backdrop of the growing power of extremist political
      PHOTO: AFP  -  1,271 words
    • 725 20  - The Republicans’ civil war or the Trump phenomenon THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington THE Donald Trump phenomenon ranks as the great political story of 2015 and maybe 2016 but could it simply be a subplot of a bigger story: what commentator David
      THE WASHINGTON POST WRITERS GROUP  -  725 words
    • 749 21  -  COMMENTARY By John Kornblum T The writer is a former US ambassador to Germany and senior counsellor at Noerr LLP, and a member of the Official Monetary and Financial institutions Forum Advisory Board OMFIF Berlin IF there is anything that German news magazine
      OMFIF  -  749 words
    • 757 21  -  COMMENTARY By Anthony Rowley Tokyo I SPENT the New Year skiing in “Australia”. At least it felt like Australia even though the Northern Japan ski resort of Niseko in Hokkaido is more than 4,000 miles away from anywhere like Mount Buller
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    • 1086 21  -  Management is still primarily responsible for maintaining proper financial records and preparations of the financial statements.BY TITUS KUAN AND ANG SOON LII statements.BY TITUS KUAN AND ANG SOON LII T Titus Kuan is director and Ang Soon Lii is manager of Technical
      FILE PHOTO  -  1,086 words


  • CITY LIVING/CITY BUZZ
    • 921 22  -  Pro-vegan documentary PlantPure Nation aims to tell viewers that they can take control of their diets and change to plant-based food. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg HUNTING animals for food has been going on for centuries, but the hunt for vegetarian and
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    • CITY BUZZ BT writers' picks of what to see, do or talk about
      • 259 22  -  EXHIBITION By Tay Suan Chiang IT’S no secret that the world is set to become even more crowded with the global population expected to hit 9.5 billion by 2050. How then should cities be planned to make them more liveable? The 1000
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      • 203 22  -  CONCERT By Avanti Nim SG50 might be over but the presents are still coming. As a token of Israel's relationship with Singapore and a 50th birthday gift, six members of the Israel Philharmonic Orchestra (IPO) will be performing composer Antonio Vivaldi's The Four Seasons at a free
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      • 199 22  -  Open Farm Community Social Market #2 EVENT By Rachel Loi DROP by the Open Farm Community at Dempsey this weekend as it turns into a marketplace where you can pick up food, fresh produce, and even a tip or two about urban farming. For instance,
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      • 139 22  - Rocks Urban Bar Grill reopening DINING By Rachel Loi RESIDENTS and office drones who missed their pastas and pizzas at Rocks Urban Bar Grill will be happy to find their eatery back in the same place at Marina Bay after a six month absence. Those items will be on the
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      • 237 22  - Verre Modern Bistro Wine Bar DINING By Tay Suan Chiang VERRE Modern Bistro Wine Bar has upped its game from being just a wine bar to a full-fledged restaurant helmed by consultant chef Masashi Horiuchi, who also heads the kitchen at Shelter in the Woods. Here's how it works at
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      • 149 22  - Drum Tao 2016: Hyakka Ryoran Hanabi MUSIC By Helmi Yusof THE wildly popular Japanese drumming ensemble Drum Tao returns for another earth-shaking, eardrum-shat-tering run of performances. Its latest show has already played to 150,000 spectators in Japan and is set to wow audiences here too. Directed by Amon Miyamoto, Drum
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  • Page 22 Advertisements
    • 28 22 T PlantPure Nation will be screened at The Projector on Jan 9 at 7pm. Admission starts at S$5. For more information and to purchase tickets, please visit www.vegetarian-society.org
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  • ARTS/ENTERTAINMENT
    • 1147 23  -  Prepare to watch TV in a whole new way with video streaming service Netflix now officially launched in Singapore. BY AVANTI NIM AND JACQUELYN CHEOK avantin@sph.com.sg jaccheok@sph.com.sg @JacCheokBT BEFORE heading to the multiplex this weekend, you might want to turn your television on
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    • 342 23  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT MASSIVE sculptures in the heart of the city are set to turn heads and stir emotions. Thirteen large works by 11 renowned artists will be displayed at six different locations, including the Fullerton Hotel, the Asian Civilisations Museum Green
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  • Page 23 Advertisements
  • Page 23 Miscellaneous
    • 333 23 CRYPTIC CROSSWORD Across 1 Put up with appearance (11) 9 Device requiring a trade-off to include parking (7) 10 Outrages and risks being ignored by leader (6) 12 Good, if backed in money, for a shark (7) 13 Universal rate applied to most of journey is a notable achievement (7)
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  • ARTS
    • 663 24  -  As the Singapore Art Week approaches, two new exhibitions shine the spotlight on emerging local artists and photographers. Both happen to take place in shipping containers-turned-art spaces. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT LYN Low photographs her immediate family members and relatives. But
      663 words
    • 614 24 HIGH-END art cluster Gillman Barracks is better known for featuring established artists instead of new ones. But a new exhibition called Scout plans to bring together works by 25 emerging Singapore artists into 16 shipping containers sprawled over one of its carparks. The
      614 words

  • CINEMA/MUSIC
    • 564 25  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT DAVID O Russell must have a thing for underdogs (and Jennifer Lawrence/Bradley Cooper, but more on that later); he can't seem to stop making films about them. From The Fighter (2010) to Silver Linings Playbook (2012)
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    • 811 25  -  Diana Krall returns to Singapore next month for two shows on the back of her critically acclaimed and commercially successful pop album, Wallflower. BY DYLAN TAN BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THERE is no question that Diana Krall lives and breathes music.
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    • 465 25  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT IT looks like there will be a tight race for the Best Actress trophy this year at the Oscars with so many highly-ac-claimed films about powerful women being released in the lead-up to the awards ceremony. Cate
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  • Page 25 Advertisements
    • 30 25 Diana Krall's The Wallflower world Tour will come to the Esplanade Concert Hall on Feb 16 and Feb 17 at 8.30pm. Tickets from S$68-S$500 available at Sistic and the venue.
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  • BT Lifestyle
    • 434 26  -  Animals take centrestage in this year’s M1 Fringe Festival, but probe a little deeper and another influence emerges woman power. While not intentional, the 11-day festival programme displays a strong feminine side setting the stage for an eye-opening journey into women’s psyches, the nature of animals and the
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    • 1017 26 Railtrack Songmaps: a Migrant Ecologies Project (Singapore) Jan 13-24, Tue-Sun, 12pm-7pm, Fri 12pm-9pm, Blk 47 Malan Road #01-25 Gillman Barracks. IN such a built-up city like Singapore, it’s hard to imagine it teeming with wildlife, never mind endangered species. But give animals like birds a
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    • 521 26 The Chronicles of Zero and One: Kancil Jan 13-16, 8pm nightly Esplanade Theatre Studio SANG Kancil is the title of a much loved 1980 Malaysian cartoon series about a spunky mousedeer who got up to all kinds of antics in the animal kingdom.
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    • 482 26 *****: The Origin of the Female Species Jan 21-23, 8pm, Esplanade Recital Studio BI(CARA) Jan 21-24, 8pm 3pm Black Box, Centre 42 AS a premise, *****: The Origin Of The Female Species is certainly going to be an interesting look into one
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  • Page 26 Advertisements
    • 36 26 M1 Fringe Festival: Art and the Animal runs from Jan 13-24 at various locations. Check www.singaporefringe.com for more details. All tickets can be purchased from Sistic outlets. For more information, contact info@singaporefringe.com or call 6440 8115.
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