The Business Times, 19 January 2016

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Microfilm: NL33745
Total Pages: 22
1 22 The Business Times
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  • 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 Tuesday, January 19, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    182 1 Office landlord Keppel Reit is “comfortable” with having its gearing just below 40 per cent and has no plans to raise cash to pare debt. COMPANIES MARKETS 6 China’s central bank will start implementing a reserve requirement ratio on offshore banks’ domestic deposits to help stem speculation in
    182 words
  • Article, Illustration
    Lock icon Oil stumbles again as lifting of Iran sanctions adds to market woes
    984 1  -  Brent crude falls below US$28; analysts say market yet to hit bottom and Iran will take time to return to market in a big way By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OIL markets panicked again on Monday as
    Source: ANZ Research, Wood Mackenzie  -  984 words
  • Article, Illustration
    Lock icon December NODX down 7.7% on weak exports to China, S Korea, Taiwan
    810 1  -  Economists had forecast 4.4% slide; they expect continued weakness in the months ahead By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE’S key exports dived past economists’ forecasts in December, as the downward spiral in external demand and oil prices
    largest economies. PHOTO: AFP  -  810 words
  • Article
    Lock icon MARKETS
    25 1 Monday Change STI 2,593.00 -37.76 KL COMP 1,622.64 -5.91 NIKKEI 225 16,955.57 -191.54 HANG SENG 19,237.45 -283.32 SHENZHEN B 1,165.70 +0.83 Dow CLOSED CLOSED
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  • TOP STORIES
    • Article, Illustration
      Lock icon Tanker operators first to gain from Iran’s re-entry
      1029 2  -  But maritime players say there will also be pickings for offshore marine sub-sectors in the longer term OIL MARKET By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MOST maritime players speaking to The Business Times harbour hopes that the lifting of sanctions against
      REUTERS  -  1,029 words
    • Article
      Lock icon Oil and China exposures hurting S’pore banks
      956 2  -  Analysts warn of more bad loans from the oil and gas sector, but say this should not cause alarm By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IT’S a new year of old problems for Singapore banks, with their shares falling 12-15 per cent since
      956 words
    • Article
      Lock icon Malaysia should assume worst case for oil, says analyst
      729 2  -  He cites US$10 as inference price; adds that if the numbers turn out better, Putrajaya is ahead of the curve By Pauline Ng btworld@sph.com.sg Kuala Lumpur AS Teheran re-enters the oil market, pushing prices to below US$28 a barrel and a
      729 words
    • Article
      Lock icon Clarification
      47 2 IN “KepLand buys 22.4% of 112 Katong for S$51.4m” (BT, Jan 18), we reported that Keppel Land’s portfolio of properties includes malls such as Jurong Point and Heartland Mall. Keppel Land has clarified that while its subsidiary manages these malls, they are owned by other parties.
      47 words
    • Article
      Lock icon Singapore to chair Asean in 2018
      747 3  -  Foreign Affairs ministry says it will promote the Asean identity and create opportunities abroad for S’poreans By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE will chair the Association of South-east Asian Nations (Asean) in 2018, the first time that it will helm the 10-member bloc
      747 words
    • Article, Illustration
      Lock icon Good to have more data-driven policies: Swee Keat
      621 3  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE would benefit from a more data-driven approach to policymaking, said Minister for Finance Heng Swee Keat on Monday. “I do think that as a society we need to be better at using data, we need
      PHOTO: ONG WEE JIN/THE STRAITS TIMES  -  621 words
    • Article, Illustration
      Lock icon IDA, MDA restructuring to create new entities
      1157 4  -  Move to capitalise on converging ICT and media sectors; govt wants to ensure regulatory framework is ahead or at least in time with the development of the industry By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE Infocomm Development Authority of Singapore (IDA) and
      1,157 words
    • Article
      Lock icon External woes drive inflation expectations to new low in December: survey
      574 4  -  Households expect headline and core inflation in the year ahead to fall to 2.74% and 2.85% respectively By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore MULTIPLE challenges seen in the global economy are driving Singaporean households’ expectations of price increases to
      574 words
    • Article, Illustration
      Lock icon China’s strategists bracing for deeper bear market
      833 4 CHINA STOCK MARKET structure Investment Bank. BLOOMBERG New York THERE will be little let up for investors in China’s beleaguered stock market. That’s the consensus of strategists interviewed last week as the benchmark Shanghai Composite Index fell into a bear market on waning
      structure Investment Bank. BLOOMBERG; PHOTO: REUTERS  -  833 words
    • Article, Illustration
      Lock icon Embattled China securities regulator grapples with exodus
      460 4 BLOOMBERG Beijing THE head of China’s securities regulator has become the second senior finance industry official this month to highlight the lack of skilled professionals to handle the agency’s ev-er-widening responsibilities amid turmoil that rocked the nation’s markets. Many employees at the China
      BLOOMBERG; PHOTO: REUTERS  -  460 words
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      Lock icon Page 2 Advertisements Column 1
      66 2 DD 2016 SINGAPORE ART WEEK SALE auction AUCTION: Friday 22 Jan 2016 8pm Onwards Grand Hyatt Singapore Choo Keng Kwang Lai Kuifang f m Tay Bak Koi Chua Mia Tee vv ti Ye Yongqing Basoeki Abdullah Public Viewing Wed Thurs 20-21 Jan 2016 Friday 22 Jan 2016 MoCA(a)Loewen (Dempsey Area)
      66 words
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      Lock icon Page 3 Advertisements Column 1
      215 3 The World Economy in 2016 Can The Past Guide Our Future? 22-26 January 2016 The Lee Kuan Yew School of Public Policy brings together leading experts in economics and finance to examine the state of the global economy and what the future holds, especially in Asia. PUBLIC LECTURE Other People’s
      215 words
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      7 3 CHINA: AN INSIDER’S PERSPECTIVE Strategic Partner: Organisers:
      7 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Noble needs more than a brave face
      638 5  -  HOCK LOCK SIEW BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT ALMOST a year after Noble Group’s accounting practices came under scrutiny, the commodity trader’s future is still deeply shrouded in uncertainty. In fact, it seems to be heading into even trickier territory. The next few
      638 words
    • Article, Illustration
      Lock icon Koyo nosedives after SGX’s trading caution
      377 5  -  HOT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore SHARES of Catalist-listed engineering services provider Koyo International on Monday crashed S$0.284 or 84 per cent to S$0.056 in heavy trading volume of 27.5 million shares after the Singapore Exchange (SGX) on Friday warned the investing
      Source: Bloomberg  -  377 words
    • Article
      Lock icon GS Holdings steady in debut trading
      471 5  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CATALIST-listed GS Holdings, which started trading on Monday, held up its gains amid a global equities sell-off as oil prices slumped to the lowest since 2003 in Asian trading. The stock of the operator of centralised dishwashing facilities
      471 words
    • Article
      Lock icon Malaysia bond yield at 2-year low amid selloff in stocks
      213 5 BLOOMBERG Kuala Lumpur MALAYSIA’S five-year government bond yield held at the lowest level since November 2013 after demand for the securities strengthened amid a selloff in stocks. The yield on the notes has dropped 17 basis points in the past
      BLOOMBERG  -  213 words
    • Article
      Lock icon Keppel Reit gearing drops in Q4, DPU up
      567 6  -  It has no immediate plans to raise more cash to pare down debt, says CEO By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore OFFICE landlord Keppel Reit is “comfortable” with having its gearing just below 40 per cent and has no immediate plans to
      567 words
    • Article
      Lock icon SPH Media Fund invests in Malaysian lorry and van booking startup
      470 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE Press Holdings (SPH) is venturing into the on-demand logistics space, its SPH Media Fund having led a US$1.5 million funding round to invest in Selangor-based lorry and van booking service TheLorry. This
      470 words
    • Article, Illustration
      Lock icon YuuZoo buys 30% of Infocomm Asia Holdings for S$2.39m
      415 6  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE-listed social e-commerce company YuuZoo on Monday said that it has acquired 30 per cent of Infocomm Asia Holdings (IAH), a distributor of online and box games in South-east Asia, for S$2.39 million. The payment
      FILE PHOTO  -  415 words
    • Article
      Lock icon Acquisitions boost Keppel Infrastructure’s Q3 performance
      453 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore KEPPEL Infrastructure Trust on Monday declared a distribution per unit (DPU) of 0.93 Singapore cent for its third quarter ended Dec 31, 2015. Group revenue rose 33.8 per cent to S$ 160.5 million, while net profit attributable to
      453 words
    • Article
      Lock icon SingPost combines e-commerce division with new acquisitions
      292 6  -  By haoxiang@sph.com.sg Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SINGAPORE Post (SingPost) is gunning for a global reach for its e-commerce services after combining its existing e-commerce division with two recent acquisitions to form a new business unit called SP Commerce. SP Commerce includes US
      292 words
    • Article, Illustration
      Lock icon M1’s Q4 earnings dip 2.1% to S$43.6m
      545 7  -  Operating revenue falls 11.1% to S$307.9m; service revenue down marginally but handset sales drop 26.9% to S$99m By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore TELCO operator M1 on Monday announced a 2.1 per cent drop in fourth-quarter net profit to S$43.6 million, from
      FILE PHOTO  -  545 words
    • Article
      Lock icon Materials sector in positive territory at start of 2016
      324 7 Singapore THE materials sector generated a 3.3 per cent gain over the first two weeks of 2016, an SGX report showed. In particular, the 10 largest stocks of this sector which have a total market value of S$3.1 billion averaged a
      324 words
    • CORPORATE DIGEST
      • Article
        Lock icon SingHaiyi Group
        117 7 SINGHAIYI Group’s application to the Controller of Residential Property for approval of the proposed sale of City Suites has been rejected, resulting in the termination of the memorandum of understanding it entered into with ACG Construction. SingHaiyi said in April last year that it planned to sell Corporate
        117 words
      • Article
        Lock icon CosmoSteel Holdings
        68 7 PIPING systems provider CosmoSteel Holdings on Monday issued a profit guidance for its first quarter ended Dec 31, 2015. Based on the preliminary figures, the group said it expects to record a loss for Q1 2016, compared to the previous corresponding period, mainly due to lower revenue amid
        68 words
      • Article
        Lock icon Sunpower Group
        123 7 SUNPOWER Group, a China-based heat transfer technology company, said on Monday it has won a centralised steam build-operate-transfer (BOT) project in the Lianshui Economic Development Zone in Jiangsu province. The total investment for the project is about 95 million yuan (S$20.8 million). The group's subsidiaries have entered into
        123 words
      • Article
        Lock icon Mercator Lines
        102 7 A JUDICIAL manager has been appointed for dry bulk shipping company Mercator Lines (Singapore). The Court Order appointing Yit Chee Wah as judicial manager was issued on Jan 18, the company said in a release to the Singapore Exchange.The Singapore branch of HSH Nordbank AG on Sept 10
        102 words
    • Article
      Lock icon Old Mutual Global Investors to open S’pore office
      333 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE asset management arm of Lon-don-based Old Mutual Group is about to set up a sales office in Singapore in a bid to tap demand from Asia, capitalising on recent market swings, as its home ground
      333 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index Jan 18,2016 2,593.00 -37.76 (-1.44%) Current streak 3 days Day high 2,604.40 Day low 2,578.09 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,593.00 (Jan 18, 2016) FTSE ST Catalist index Jan 18,2016 454.44 -9.96 (-2.14%) Current streak 6 days Day high 462.77 Day low
      63 words
    • Article
      Lock icon GAINERS
      70 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 96.4 0.6 *****/***** JSH USD 2700 44.6 1.2 3693/2524 Jardine C&C 3368 33.0 1.0 4258/2636 KepCorp MBePW*****1 44.5 21.0 89.4 44.5/8.2 Petra Foods 229 19.0 9.0 410/130 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.5 400.0 0.4 0.7/0.1 Vashion 0.2
      70 words
    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low DBXT AUDCS SG$ ***** -800.0 -3.5 *****/***** SPDR DJIA US$ ***** -364.2 -1.6 *****/***** SPDR S&P500 US$ ***** -290.8 -1.1 *****/***** DBXT DBCDJUBS US$ 1685 -201.5 -7.7 2279/1685 JMH USD 5150 -201.5 -2.6 6788/4500 BY PERCENTAGE CLOSE DOWN 52w high/low Koyo Intl 5.6
      78 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      84 8 VOL CLOSE($) CHANGE Sunlight 700.1 0.025 +0.008 +47.06 Matex Intl 132.0 0.027 -0.018 -40.00 Koyo Intl 27,521.9 0.056 -0.284 -83.53 China Taisan 100.0 0.080 -0.018 -18.37 VGO 11.4 0.080 -0.021 -20.79 Next-Gen Sat 10,108.3 0.003 +0.001 +50.00 Multi-Chem 25.2 0.450 -0.045 -9.09 Duty Free Intl 2,874.2 0.325 +0.010
      84 words
    • Article, Illustration
      Lock icon Wall St blowout, oil’s slide hit ST Index
      678 8  -  Banks the worst hit, with pressure also on offshore and marine stocks, as index drops 1.4% to 2,593 STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE were no surprises in Monday’s trading as the Straits Times Index dropped 37.76 points, or 1.4 per
      Source: Bloomberg  -  678 words
    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 215 +1 218/209 271 209 6.8 5647.5 CapitaLand 302 -5 308/300 379 267 11.1 3 *****.2 CapitaMall Trust 192 unch 192/187 228 184.5 5.6 6672.5 CityDev 718 -11 722/704 1095 695 8.6
      303 words
    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Annica 272,459,900 Ezra 85,160,300 Magnus Energy 69,520,300 Noble 52,082,200 Spackman 39,358,800 Market volume 1,590,317,000 VALUE DBS Grp 164,279,256 Singtel 82,750,758 UOB 73,584,145 OCBC Bank 66,512,367 JMH USD 65,939,796 Market value 1,188,785,000
      34 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 18 VALUE CLOSE BT OB/OS -1163.00 -99.00 BT CADI -*****.00 -224.00 BT 10-day MA -*****.00 -117.00 FTSE ST Mid Cap 625.46 -8.25 FTSE ST Small Cap 377.73 -5.87 FTSE ST All Share 639.45 -9.22 FTSE ST China Top 153.54 -2.43 FTSE ST China 187.47 -3.11 FTSE
      77 words
    • Article
      Lock icon SGX ETFs
      110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 266 -3 1452 268/264 355/264 265/266 DBXT MSRussia US$ US140 -6 77 140/129 235/129 139/140 Nikko AM STI ETF 266 -3 76 269/265 361/265 265/266 6.4 DBXT MSBrazil US$ US200 -4 52 200/199 409/199
      110 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Jan 18,2016 639.45 -9.22 (-1.42%) Current streak 3 days Day high 641.77 Day low 637.11 52-week high 847.98 (Apr 15, 2015) 52-week low 639.45 (Jan 18, 2016)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Jan 15,2016 1,565.24 -18.47 (-1.17%) Current streak 2 days Day high 1,594.00 Day low 1,560.82 52-week high 1,949.49 (May 15, 2015) 52-week low 1,565.24 (Jan 15, 2016)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 3 1 0 0 5 6 3 Manufacturing 18 64 27 5 8 10 23 72 37 Commerce 9 32 15 0 11 4 9 43 19 Tpt/Stor/Comms 10 24 6
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,557 1,374 26,931 76,379 238 76,617 Manufacturing 168,734 324,325 493,059 96,931 2,284 99,216 Commerce 87,770 41,434 129,204 132,824 1,257 134,081 Tpt/Stor/Comms 191,066 240 191,306 186,864 18 186,882 Finance 31,502 63 31,565 329,497 8 329,505 Construction
      123 words
    • BROKERS’ TAKE
      • Article
        Lock icon Ezra Holdings | Hold
        129 8 Ezra Holdings Hold Target price: S$0.08 Jan 18 close: S$0.064 DBS Group Research, Jan 18 Ezra reported a net loss of US$55.3 million for Q1FY16, much steeper than expected, even after adjusting for a US$13.9 million hedging loss. Utilisation of the subsea fleet was poor below 50 per cent amidst
        129 words
      • Article
        Lock icon Keppel DC Reit | Buy
        119 8 Keppel DC Reit Buy Target price: S$1.24 Jan 18 close: S$1.005 OCBC Investment Research, Jan 18 Despite recent media reports highlighting a large expected increase in supply of data centres in Singapore this year, we note that the fitting-out period can take a very long time from the TOP date
        119 words
      • Article
        Lock icon Singtel | Buy
        172 8 Singtel Buy Target price: S$4.25 Jan 18 close: S$3.53 Nomura, Jan 15 Singtel announced an “exclusive” partnership with Netflix yesterday (Jan 14) where it will offer free Netflix ranging from three to nine months for new and re-contract subs on various mobile, fibre and/or TV plans. This is also an
        172 words
      • Article
        Lock icon Banks | Overweight
        161 8  - Banks Overweight Compiled by Melissa Tan rhb, Jan 15 Singapore Banks have tumbled 11 per cent YTD on worries that the turmoil in the China and oil markets has increased earnings risks. Our scenario analysis suggests that the market may be pricing in an almost 10 per cent default rate
        161 words
    • Article
      Lock icon US$ gains ground as stock markets steady
      398 9 CURRENCIES REUTERS London A MINIMAL recovery in stock markets helped the dollar gain some ground against Europe’s current safe havens of choice, the euro and the Swiss franc, on Monday. With trade thinned out by the absence of US markets for a holiday,
      REUTERS  -  398 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 18 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 4.537 0.633 5.377 46.660 96.109 0.808 8.355 3.035 1.067 72.351 32.861 0.993 11.541 0.694 23.154 25.044 0.483 0.690 Canada 0.997 4.525
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jan 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9922 0.9930 0.6893 0.6898 Canadian dollar 0.9900 0.9902 0.6879 0.6878 Euro 1.5666 1.5674 1.0884 1.0888 NZ dollar 0.9304 0.9308 0.6464 0.6466 Sterling pound 2.0540 2.0547 1.4270 1.4273
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jan 18 S$ Bid Offer 1-month 1.4408 1.4413 2-months 1.4421 1.4426 3-months 1.4433 1.4438 6-months 1.4466 1.4473 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        380 9 Jan 18 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 9100.00 9310.00 8902.50 9167.50 *****8 *****8 Feb16 8985.00 9172.50 8755.00 9050.00 ***** ***** NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****6 *****7 Jun16 *****.00 *****.00 *****.00 *****.00 432 3926 MSCI TAIWAN
        380 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 9 Most active Jan 18 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ntegrator Intl Ltd W*****3 0.2 unch ***** 1 1 9 5.50 34 FTSEChinaA50 ***** MBeCW*****8 7.8 0.2 ***** 0.0 3 DBS MB eCW*****5 5.9 -1.5 ***** 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jan 15 Index Change Change Change Change Change Change World Preliminary 1169.0 -2.1 -8.5 -1.8 -7.3 -1.9 -8.6 EAFE Preliminary 925.0 -1.6 -8.7 -1.0 -7.4 -1.2 -8.8 Europe Preliminary 1291.1 -2.3 -8.6
        377 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jan 18 $S Offer Bid 0vernight 0.05 Par 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.40 US$ 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 1.00 0.80 9 months 1.20 1.00 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 Jan 18 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.39 100.48 100.42 5-Year N*****0S 2.000 01-Jul-20 100.25 100.50 100.20 10-Year NX*****Z 2.375 01-Jun-25 99.35 100.00 99.25 15-Year NZ*****F 2.875 01-Sep-30 101.44 101.87 101.40 20-Year NZ*****V 3.375 01-Sep-33 108.21
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jan-15 Price Net change change Last Trade Agricultural Jan-15 CBOT Soybeans (US cents/bu) 879.00 -3.25 -0.36% 14/03/2016 CBOT Soybean Oil (US cents/lb) 29.65 -0.10 -0.34% 14/03/2016 CBOT Wheat (US cents/bu) 473.75 5.00 1.07% 14/03/2016 Jan-15 LIFFE Cocoa (£/tonne) 2115.00 54.00 2.62% 14/03/2016 LIFFE Coffee (US$/tonne) 1394.00 3.00 0.21%
        250 words
    • Article
      Lock icon SGX MAINBOARD
      1768 10 Transaction date: Jan 18 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High 153 128.5 AIMSAMP Cap Reit 129.5 -1 564 131 128.5 1 8.5 821.9 Low 175.5 106.5 ARA Asset Mgmt 108
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    • Article
      Lock icon SGX CATALIST
      250 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div 1 0.3 t Advanced Systems 0.4 unch 1050 0.4 0.3 10.5 Net MCap High LOW Company Sale C000) High LOW C'vr P/E 35 10 t 3Cnergy 10.1
      250 words
    • Article
      Lock icon SGX ETF
      104 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1061 -31 0 1078 1061 1043 700 CIMBASEAN40 US$ US736 -6 0 736 736 115.4 4258 2498 DBXT China50 US$ US2498 -20 0 2508
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      Lock icon Page 5 Advertisements Column 1
      178 5 INVITATION FOR MOTOR INSURANCE TENDER (S D M/S DS L/SG/TOOO1/2016) Sime Darby Singapore Limited (SDSL) cordially invites reputable companies with a strong Motor insurance background to tender for the Group's retail insurance business. Please write in to sdsltender@simedarby.com.sg to express interest to participate in this Tender, by 22 January 2016
      178 words
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      Lock icon Page 5 Advertisements Column 2
      328 5 Keppel Infrastructure Trust (formerly known as “CitySpring Infrastructure Trust”) (Business Trust Registration No. *****01) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 5 January 2007 (as amended)) Notice of Books Closure Date Distribution Payment Date Notice is hereby given that the Register
      328 words
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      201 6 New Year Special! First 20 Sign-up will get a FREE Wireless Mouse! How will the Fed’s rate hike impact the Market Outlook in 2016? What are the potential opportunities in stocks from a Fundamental Perspective? Attend and learn how to position yourselves as traders or investors in the current global
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      81 6 Triumph over tragedy The nurses had to cover all mirrors and reflective glass in my ward. I was hysterical. When my son saw me for the first time after the attack, he screamed and ran away and said I was a ghost. Annie Siow, nightclub hostess turned social worker. Curl
      81 words
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      620 7 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      874 7 THE TRENDLINES GROUP LTD. (Incorporated in Israel) (Company Registration No. *****0947) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the first extraordinary general meeting of The Trendlines Group Ltd. (the “Company”) for the financial year ending 31 December 2016 (the “SGM”) will be held at Suntec International Convention
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      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
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Simon Cheong sells GCB at King Albert Park for S$25m
      711 11  -  Soilbuild Group Holdings pays S$19.28m for old Wilkinson Road bungalow for redevelopment By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A COUPLE of bungalows have been transacted lately a Good Class Bungalow (GCB) along King Albert Park completed a few years ago
      PHOTOS: ARTHUR LEE  -  711 words
    • Article
      Lock icon Crane rental company MS Holdings to enter property development in Indonesia
      520 11  -  It enters into a deal with ACT Holdings for a potential development JV in western Jakarta By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN its foray into property development, crane rental company MS Holdings entered into a binding conditional term
      520 words
    • Article
      Lock icon Addressing the issue of vacant houses in Japan
      352 11 WP Tokyo “WELL, shall we get started?” About 10 members of a non-profit organisation entered an old, two-sto-rey wooden house in Yame, Japan, its doors creaking. They started sorting household items inside that were covered with dust. The house, which also used
      WP  -  352 words
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      18 11 Lunar New Year Online shopping RecipesFashion tips Events calendar Check them out now! Scan QR or visit cny.zaobao.com
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      111 11 MESMERIC SHOPHOUSES ALONG SPOTTISWOODE PARK ROAD f CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E CONTIGUOUS UNITS OF FREEHOLD CONSERVED SHOPHOUSES WITHIN‘BLAIR PLAIN CONSERVATION AREA’ Enjoys dual-frontage onto Blair Road and Spottiswoode Park Road Total Land Area. Approx. 7,203 sf Total Floor Area: Approx. 14,360 sf Zoned ‘Residential’ and ‘Residential with
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      3 11 Hong Fok Group
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  • BANKING & FINANCE
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      66 12 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices HOT PROPERTY GROUND FLR CLINIC for rental Biopolis 1003 sqft. 3 rms. Reception, pantry. Reno. Immed MRT $5k THOMSON PLAZA #01. 615sf Dual-frontage Regular shaped. Heavy traffic. Immed. Low neg. LOOKING FOR A
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Analysts expect commodity collapse to continue
      737 13 Hedge funds increase net bearish position across 18 raw materials to biggest ever, doubling negative bets in 2 weeks BLOOMBERG Chicago THE commodity meltdown that pushed oil to a 12-year low and copper to the cheapest since 2009 is not over yet. At least,
      BLOOMBERG; PHOTO: AFP  -  737 words
    • Article
      Lock icon China’s steel firms lost 53.1b yuan from January to November last year
      402 13 REUTERS Beijing CHINA’S major steel firms lost 53.1 billion yuan (S$ 11.6 billion) from January to November last year, as prices fell because of overcapacity and slumping demand, the China Iron and Steel Association (CISA) said on Monday.
      REUTERS  -  402 words
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      Lock icon Fake emissions report data undermines China’s pollution fight
      736 13 REUTERS Beijing WIDESPREAD misreporting of harmful gas emissions by Chinese electricity firms is threatening the country’s attempts to rein in pollution, with government policies aimed at generating cleaner power struggling to halt the practice. Coal-fired power accounts for three-quarters of China’s total
      REUTERS; PHOTO: REUTERS  -  736 words
    • Article
      Lock icon China’s ban on new coal mines unlikely to impact surplus capacity
      610 13 REUTERS Beijing CHINA’S decision to stop approving new coal mines for three years has been applauded by green groups, but the move is likely to make barely a dent on the world’s biggest coal industry given its vast existing
      REUTERS  -  610 words
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      188 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MEGAWHEEL INDUSTRIES PTE LTD (Company No: *****4457N) (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of Members
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  • TECHNOLOGY
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  • TRANSPORT
    • Article, Illustration
      Lock icon Driverless cars will still need human supervision
      1297 16 The danger is that the self-driving technology being built into vehicles could create new safety hazards NYT Sunnyvale, California CAR enthusiasts, after hearing industry executives discussing the self-driv-ing technology being built into their vehicles, might be forgiven for thinking robotic cars will soon
      NYT; PHOTO: NYT  -  1,297 words
    • Article
      Lock icon Indebted Chinese companies increase pressures on govt
      1245 16 After having borrowed heavily in good times, they now face cash crunch as China’s growth slips to 7% NYT Hong Kong SAINTY Marine Corp started small, buying and selling a few ships in the 1980s. But the state-owned Chinese company went on a
      NYT  -  1,245 words
    • Article
      Lock icon China to invest 800b yuan in railway network in 2016: report
      176 16 REUTERS Shanghai CHINA will invest 800 billion yuan (S$175 billion) in fixed assets in 2016 as part of ongoing efforts to expand its railway network, the official Shanghai Securities News reported on Monday. State-owned China Railway Corp expects to
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Sticky wage growth may force BOJ to unleash further easing
      590 17  -  Falling business confidence is making many companies wary about raising pay, says the central bank By Anthony Rowley btworld@sph.com.sg Tokyo FURTHER signs that the Bank of Japan may opt for more monetary easing at the end of this month appeared
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      Lock icon China aims for balance in Xi’s trip to Middle East
      629 17 Chinese president to visit Saudi Arabia, Iran and Egypt though details of the trip are under wraps REUTERS Beijing CHINA intends to retain a balanced stance in the Middle East, a senior Chinese diplomat said on Monday, as President Xi
      REUTERS  -  629 words
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      Lock icon A towering debt mountain looms behind China’s market gyrations
      1058 17 BLOOMBERG Hong Kong LOST in all the Chinese stock and currency market gyrations, policy missteps and mixed data is this economic reality: The government is constrained by a credit bubble that has ballooned to US$28 trillion in an economy growing at
      BLOOMBERG; PHOTO: REUTERS  -  1,058 words
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      Lock icon RBI deploys US$2.8b in reserves to strengthen rupee defence
      577 17 BLOOMBERG Mumbai INDIAN central bank governor Raghuram Rajan oversaw the biggest jump in currency reserves among major developing nations and he is not afraid to use them to help the rupee. In a sign of intervention, the holdings fell US$2.8 billion
      BLOOMBERG  -  577 words
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  • OPINION
    • Article
      Lock icon DPP victory clear proof that KMT’s pro-China policy has backfired
      630 18 EDITORIAL THE scale of the Democratic Progressive Party’s (DPP) victory in Taiwan’s presidential and legislature elections is proof of widespread anger with the Kuomintang (KMT) on its political direction. The party of President Ma Ying-jeou not only lost the presidency
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      Lock icon Jakarta attack a sign of things to come
      1319 18  -  It indicates the renewal of a relentless religious insurgency that could cost Indonesia and the rest of maritime South-east Asia dearly. BY DERWIN PEREIRA dearly.BY DERWIN PEREIRA T The writer heads a Singapore-based political consulting company. He is also a member of
      PHOTO: REUTERS  -  1,319 words
    • Article
      Lock icon Improving EMU’s incomplete architecture
      776 18  -  THE BOTTOM LINE By John Mourmouras The writer is senior deputy governor, Bank of Greece and a former deputy Greek finance minister THE Economic and Monetary Union (EMU), long dogged by failure to complete its initial architecture and design, faces both shorter and longer-term problems. Among
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    • Article
      Lock icon Is this a bad time to meet?
      1060 19  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics, and a former UK government special adviser London OVER 2,500 leaders from business, government, international organisations,
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      Lock icon AIIB: A red herring for China’s true ambitions on the global financial stage?
      836 19  -  By Anthony Rowley SOME 30 years ago, when press baron Rupert Murdoch was at war with British printing unions, he declared his intention to open a new London evening paper and duly set up a printing plant
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      Lock icon STOP CHINA’S MARKET MANIPULATIONS
      977 19  -  Its approach goes against the operating principles of global financial markets.By markets.By SCOTT KENNEDY T The writer is director of the Project on Chinese Business and Political Economy at the Center for Strategic and international Studies Washington THE other day while I was crossing the street
      PHOTO: REUTERS  -  977 words
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      928 20 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Tennis authorities ignored match-fixing, say reports
      782 21 Officials deny integrity unit failed to act on suspicion that 16 Top-50 players in last decade threw matches REUTERS Melbourne WORLD tennis was rocked on Monday by allegations that the game’s authorities have failed to deal with widespread match-fix-ing, just as the Australian Open,
      REUTERS; PHOTO: REUTERS  -  782 words
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      Lock icon A business in Kabul thrives amid heaps of used clothes
      951 21 NYT Kabul, Afghanistan HAJJI Ramazan has built a modest empire from used clothes. His shop, which has seen its fortunes wax and wane with those of Kabul, was started by his father 40 years ago in Chindawul market, one of
      NYT; PHOTO: NYT  -  951 words
    • Article
      Lock icon Richest 1% own more than the rest of us: Oxfam
      563 21 AFP Paris THE richest one per cent of the world’s population now own more than the rest of us combined, aid group Oxfam said on Monday, on the eve of the World Economic Forum (WEF) in Davos. “Runaway inequality has
      AFP  -  563 words
  • Page 21 Miscellaneous
    • Miscellaneous
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      336 21 CRYPTIC CROSSWORD Across 1 Senior school staff could produce these dramas (11) 9 Try to reach agreement, but get into a tricky point (9) 10 Speak out for zero taxation? (5) 11 Don’t be the first, but succeed (6) 12 William gets eye-catching gadget that’s for pruning (8) 13 Girl
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  • SME
    • Article, Illustration
      Lock icon When creative types meet business-school types...
      1041 22  -  Joint project for Disney teaches each side something about how the other works.BY works.BY BENJAMIN KESSLER T The writer is web editor at Insead Knowledge. A version of this article first appeared on insead Knowledge. IN 2015, Disney South-east Asia executives made the short
      PHOTO: BLOOMBERG  -  1,041 words
    • Article, Illustration
      Lock icon Regional integration: Opportunities and challenges of the AEC
      945 22  -  By Chiu Wu Hong T The writer is head of enterprise at KPMG in Singapore. This article first appeared in the Jan/Feb issue of The SME Magazine. The SME Magazine is distributed with The Business Times. ON NOV 22, 2015, Asean leaders
      BLOOMBERG FILE PHOTO  -  945 words
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      99 22 ±1 Hear from our speakers on the topic of FRESH START IN-TUN WHERE LEADERS SPARK Bringing SME Leaders together to: Cultivate CONVERSATIONS Discuss IDEAS Build PARTNERSHIPS NETWORKS Teo Ser Luck Minister of State, Ministry of Manpower Date Time: 27 Jan 2016 (Wed) 3pm 5pm (Registration and networking commences from 2.30pm)
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