The Business Times, 27 January 2016

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Total Pages: 24
1 24 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 Wednesday, January 27, 2016
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  • 27 1 Tuesday Change STI 2,545.61 -37.03 KL COMP 1,626.66 +1.45 NIKKEI 225 16,708.90 -402.01 HANG SENG 18,860.80 -479.34 SHENZHEN B 1,131.88 -44.72 DOW (10:45 EST) 16,139.29 +254.07
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  • 215 1 China’s central bank is injecting yuan into the banking system to avoid a squeeze on interbank rates ahead of the coming Chinese New Year celebrations. TOP STORIES 2 It’s time for Singapore to do away with “generic” support schemes that subsidise the cost of doing business rather than
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  • 821 1  -  Some economists are revising down Q4 2015 and full-year forecasts, but others say the slump in manufacturing’s output will have a muted impact By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE contraction in Singapore’s manufacturing output last year the deepest in more
    Source: Singapore Economic Development Board; FILE PHOTO  -  821 words
  • 880 1  -  But some economists say the precipitous drop in oil prices has upped the stakes for businesses, making the operating environment even more challenging By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore AMID all the negative news, it’s worth remembering that falling oil prices
    BT Graphics  -  880 words
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  • TOP STORIES
    • 720 2  -  It hopes to avoid tightening of interbank rates ahead of Chinese New Year By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S central bank is injecting massive amounts of yuan into the banking system to avoid a squeeze on interbank rates ahead of the coming
      PHOTO: REUTERS  -  720 words
    • 640 2 BLOOMBERG Shanghai CHINA’S stocks tumbled to the lowest levels in 13 months amid concern that capital outflows will accelerate as the economy slows and support for the yuan eats into the nation’s foreign reserves. The Shanghai Composite Index plunged 6.4
      BLOOMBERG  -  640 words
    • 682 4  -  New frontbenchers Koh Poh Koon and Chee Hong Tat also address the changes needed to the business culture here PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT is time for the government to do away with “generic” support schemes that subsidise
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    • 546 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE restructuring of the Infocomm Development Authority (IDA) and Media Development Authority (MDA) into two brand new entities will enable Singapore to seize the opportunities presented by the rapid changes in technology. Communications and Information Minister
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    • 282 4  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MALAYSIAN businessman Soh Chee Wen has filed a criminal motion in the High Court of Singapore that will be heard on Wednesday morning, according to the Supreme Court’s schedule for the week. The respondent
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    • 636 4  -  It will start off with 15 employees but this number is expected to grow By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IN A further boost to Singapore’s efforts to become a regional cyber security hub, Japan’s NEC Corporation will on Wednesday
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    • 470 4  -  By Samuel Ee samuelee@sph.com.sg Singapore THE Eurokars group of companies headed by motor magnate Karsono Kwee has created a chief operating officer (COO) position, in what could be a sign of bigger things to come for the regional player. The
      PHOTO: ARTHUR LEE  -  470 words
    • 812 5  -  Investigation papers to be returned to MACC with instructions to close probe; Apandi’s findings greeted with derision By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIAN Prime Minister Najib Razak did not commit any criminal offence in the now infamous case of the
      PHOTO: AFP  -  812 words
    • 674 5  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S most senior government officials, including Prime Minister Shinzo Abe and Finance Minister Taro Aso, voiced in chorus on Tuesday the determination of the government and the Bank of Japan (BOJ) to overcome deflation and
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    • 528 5 Standard Chartered L Priority M8 i Jr a v* r m fZr -a*. ji r V Usher in a year of great what’s best for her. Helping you plan and safeguard her future is our priority too. Here for good 1 Perform a Qualifying Transaction between 4 January 2016 to
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  • COMPANIES & MARKETS
    • 594 6 BLOOMBERG Singapore TEMASEK Holdings Pte is discussing options for portfolio companies Keppel Corp and Sembcorp Industries Ltd, ranging from divesting their noncore assets to selling shares, as the two Singaporean rig builders grapple with the oil-price slump, people with knowledge
      BLOOMBERG; FILE PHOTO  -  594 words
    • 665 6  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT BECAUSE of the massive volatility in global equity markets over the past fortnight, an interesting piece of news may have passed relatively unnoticed the apology by China’s market regulator for its “shortcomings” in the way it handled
      PHOTO: AFP  -  665 words
    • 345 6  -  B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore HEALTHCARE play Parkway Life Reit on Tuesday said it has raised its hedging against interest rate movements, and has no long-term loan refinancing needs until 2017, as it reported a 16.1 per cent rise in its
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    • 654 7  -  Quarter’s DPU down 4% from year-ago’s 2.16 cents which included one-off items; on adjusted basis, DPU is up 18% By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASCOTT Residence Trust (Ascott Reit) reported distribution per unit (DPU) of 2.07 Singapore cents
      FILE PHOTO  -  654 words
    • 347 7  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore MAPLETREE Industrial Trust (MIT) posted a distribution per unit of 2.82 cents in the third quarter, up 5.6 per cent from 2.67 cents a year ago. This comes on the back of a 6.6 per cent rise
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    • 361 7  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE SPH Plug and Play accelerator programme is back for a second run, and on the lookout for regional startups it can nurture to revolutionise and transform the media industry. Programme head Rudy Lim told BT
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    • Article, Illustration
      63 8 STI Catalist Straits Times Index Jan 26,2016 2,545.61 -37.03 (-1.43%) Current streak 1 day Day high 2,576.76 Day low 2,539.74 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Jan 26,2016 433.46 -9.20 (-2.08%) Current streak 2 days Day high 443.03 Day low
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    • 73 8 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 309.0 1.2 *****/***** GLD US$ ***** 135.9 0.9 *****/***** DBXT S&P Short US$ 2332 74.4 2.3 2393/2086 Jardine C&C 3489 41.0 1.2 4258/2636 Great Eastern 1989 12.0 0.6 2600/1870 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.2 100.0 0.1
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    • 77 8 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 US$ ***** -623.8 -3.8 *****/***** SPDR S&P500 US$ ***** -489.3 -1.8 *****/***** DBXT MSKorea US$ 4726 -188.9 -2.7 6246/4478 DBXT China50 US$ 2446 -114.5 -3.2 4258/2407 DBXT CSI300 US$ 750 -65.8 -5.8 1471/750 BY PERCENTAGE CLOSE DOWN 52w high/low Lung Kee
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    • 83 8 VOL CLOSE($) CHANGE Lung Kee Bermuda 0.6 0.140 -0.310 -68.89 MSM Intl 5.0 0.087 +0.020 +29.85 InnoPac 10,250.2 0.003 +0.001 +50.00 Xinren Aluminium 30.1 0.380 -0.020 -5.00 Fuji Offset 10.1 0.220 +0.020 +10.00 Metech Intl 1,400.0 0.003 +0.001 +50.00 Jadason 660.0 0.007 +0.001 +16.67 MYP 70.0 0.200 -0.060
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    • 669 8  -  A 6.4% collapse in Shanghai Composite and a 120-point loss for Dow futures bring sellers out; all three banks end weaker STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT According to the federal funds futures market, the current probability that the US Federal Reserve will raise interest rates
      Source: Bloomberg  -  669 words
    • 306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 221 -1 223/220 271 209 6.6 5805.1 CapitaLand 293 -4 300/291 379 267 10.7 3.1 *****.5 CapitaMall Trust 197.5 cd +1 197.5/195 228 184.5 5.7 6863.7 CityDev 679 +3 680/674 1095 661
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    • 36 8 VOLUME Noble 43,680,400 Ezra 40,157,300 Singtel 22,030,700 Metech Intl W*****5 21,000,000 Global Logistic 20,245,400 Market volume 877,351,000 VALUE DBS Grp 116,776,509 OCBC Bank 103,297,582 Singtel 75,261,295 Keppel Corp 58,115,074 UOB 52,067,216 Market value 990,303,000
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    • 77 8 Jan 26 VALUE CLOSE BT OB/OS -848.00 -38.00 BT CADI -*****.00 -149.00 BT 10-day MA -*****.00 -85.00 FTSE ST Mid Cap 615.87 -6.59 FTSE ST Small Cap 373.08 -2.92 FTSE ST All Share 628.18 -7.76 FTSE ST China Top 148.01 -2.28 FTSE ST China 179.51 -1.66 FTSE
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    • 110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 261 cd -4 750 264/260 355/260 261/262 Lyxor ChinaH US$ US1093 -41 196 1093/1090 2055/1085 1093/1104 60.1 DBXT MSRussia US$ US141 -8 134 145/141 235/129 142/143 DBXT MSBrazil US$ US192 +1 81 194/192 399/190
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    • 35 8 STI FTSE ST All-Share ftse ST All-Share index Jan 26,2016 628.18 -7.76 (-1.22%) Current streak 1 day Day high 634.11 Day low 626.71 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index Jan 25,2016 1,568.50 +0.19 (+0.01%) Current streak 3 days Day high 1,577.87 Day low 1,563.90 52-week high 1,949.49 (May 15, 2015) 52-week low 1,517.92 (Jan 20, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 3 0 1 0 3 10 3 Manufacturing 15 53 18 6 12 9 21 65 27 Commerce 14 17 12 6 3 4 20 20 16 Tpt/Stor/Comms 9 21 4
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    • 121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,494 1,226 29,720 94,176 195 94,371 Manufacturing 100,578 23,809 124,387 58,251 1,646 59,897 Commerce 62,093 30,610 92,703 64,205 716 64,921 Tpt/Stor/Comms 130,466 240 130,706 169,950 17 169,968 Finance 40,280 73 40,353 293,435 9 293,443 Construction
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    • BROKERS’ TAKE
      • 143 8 Mapletree Logistics Trust Buy Target price: S$1.04 Jan 26 close: S$0.93 OCBC Investment Research, Jan 26 ALTHOUGH Mapletree Logistics Trust (MLT) continued to face headwinds, it delivered positive rental reversions averaging 5 per cent in Q3FY16. Overall portfolio occupancy was kept unchanged at 96.9 per cent on a quarter-on-quarter basis.
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      • 180 8 SMRT Neutral Target price: S$1.60 Jan 26 close: S$1.42 RHB, Jan 26 WE are positively surprised by SMRT’s Q3FY16 results. Expansion of operating margin for taxi business and positive operating margin for bus business in 9MFY16, with a strong improvement in train operating margin in Q3FY15, were key to its
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      • 145 8  -  Compiled by Marissa Tan Deutsche Bank, Jan 25 WE sense an increased interest among investors for dividend-yielding names in Singapore, given the unstable equity market since the start of the year. The decline in the 10-year government bond yield by 25bps over the last month to the current
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    • 10 8 DATA I Jan 27 (8pm) US MBA Mortgage Applications
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    • 407 9 CURRENCIES REUTERS London THE safe-haven yen and the low-yield-ing euro rose on Tuesday, as global stock markets and oil prices fell, driving investors to safety and away from commodity-linked and oil-related currencies such as the Australian and Canadian dollars. The dollar
      REUTERS  -  407 words
    • FOREX RATES
      • 471 9 Jan 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 4.569 0.639 5.413 47.094 96.619 0.818 8.361 2.980 1.077 72.844 33.322 0.994 11.515 0.703 23.328 24.976 0.488 0.694 Canada 1.007 4.599
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      • 155 9 Jan 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9930 0.9940 0.6941 0.6946 Canadian dollar 0.9999 1.0006 0.6992 0.6989 Euro 1.5540 1.5550 1.0862 1.0866 NZ dollar 0.9219 0.9229 0.6444 0.6449 Sterling pound 2.0336 2.0346 1.4214 1.4217
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      • 22 9 Jan 26 S$ Bid Offer 1-month 1.4317 1.4324 2-months 1.4329 1.4335 3-months 1.4342 1.4350 6-months 1.4372 1.4380 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 389 9 Jan 26 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 9187.50 9205.00 8790.00 8827.50 *****6 *****8 Feb16 9017.50 9030.00 8600.00 8627.50 *****9 *****0 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****5 *****7 Jun16 *****.00 *****.00 *****.00 *****.00 347 3572 MSCI TAIWAN
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      • 204 9 Most active Jan 26 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Metech International W*****5 0.1 unch ***** 1 0 -67 3.00 21 FTSEChinaA50 ***** MBeCW*****8 6.1 -1.7 ***** 0.0 3 DBS MB eCW*****1 9 -1.9 ***** 0.1 1480
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jan 25 Index Change Change Change Change Change Change World Preliminary 1179.3 -0.5 -7.7 -0.5 -7.5 -0.5 -8.1 EAFE Preliminary 934.5 0.2 -7.8 0.0 -8.0 0.0 -8.6 Europe Preliminary 1314.2 -0.4 -7.0
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    • BANK RATES
      • 154 9 Jan 26 $S Offer Bid 0vernight 0.08 0.05 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.05 US$ 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 1.00 0.80 9 months 1.20 1.00 12
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      • 63 9 Jan 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.43 5-Year N*****0S 2.000 01-Jul-20 100.73 10-Year NX*****Z 2.375 01-Jun-25 100.2 15-Year NZ*****F 2.875 01-Sep-30 102.39 102.50 102.30 20-Year NZ*****V 3.375 01-Sep-33 109.51 109.55 109.55 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • 250 9 Jan-25 Price Net change change Last Trade Agricultural Jan-25 CBOT Soybeans (US cents/bu) 880.50 4.00 0.46% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.44 -0.06 -0.20% 14/03/2016 CBOT Wheat (US cents/bu) 481.50 6.00 1.26% 14/03/2016 Jan-25 LIFFE Cocoa (£/tonne) 2049.00 -35.00 -1.68% 14/03/2016 LIFFE Coffee (US$/tonne) 1340.00 -12.00 -0.89%
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    • 551 10  -  This translates into DPU of 2.75 Singapore cents, up 6.7% from year-ago’s 2.577 Singapore cents By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SUNTEC Reit posted a distributable income of S$69.5 million for the fourth quarter ended December, up 7.7 per cent compared to the
      ST FILE PHOTO  -  551 words
    • 513 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CONTRIBUTION from Myer Centre Adelaide, acquired last May, and the resilience of its two Singapore malls have boosted Starhill Global Reit’s sec-ond-quarter performance. The real estate investment trust on Tuesday reported a distribution per unit (DPU) of 1.32
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    • 458 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A COUPLE of rounds of equity fundraising have diluted the fourth-quar-ter distribution per stapled security (DPS) for investors in business park owner Viva Industrial Trust but the trust manager said on Tuesday that it expects that to
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    • 286 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore EZRA Holdings said its group chief financial officer has resigned and would be replaced in the interim by the chief executive of its yard operating subsidiary, Triyards Holdings. Chan Eng Yew, 43, will
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    • 437 10  -  By Samuel Ee samuelee@sph.com.sg Singapore WITH the bill for SMRT Corp's rail maintenance set to eat into half of its rail revenue, the operator has re-cate-gorised operating expenses to highlight aggregate maintenance-related expenses (MRE) to better illustrate its total maintenance cost. Before
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    • 1686 11 Transaction date: Jan 26 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld 153 127 AIMSAMP Cap Reit 129 -1 61 129.5 128 1 8.6 818.7 MCap 175.5 101 ARA Asset Mgmt 101.5 -2.5
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    • 281 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol (’000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 40.5 4 t BlackGoldNatural 4.1 unch 10 4.1 4.1 32.3 29.5 16.7
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    • 114 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2407 DBXT China50 US$ US2446 -80 2 2461 2446 6.7 High 399 190 DBXT MSBrazil US$ US192 +1 81 194 192 1750 1027 DBXT MSCHINA US$
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  • Page 6 Advertisements
    • 233 6 PROSPEROUS LUNAR NEW YEAR DELICACIES Till 22 February 2016 Usher in the Lunar New Year with exquisite festive delicacies to celebrate an abundant year ahead. Master Chef Mok Wan Lok presents 6 meticulously crafted set menus and a delightful C57 selection of Szechuan Court signatures like the Double-Boiled Conch Meat,
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  • Page 7 Advertisements
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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • 755 12  -  JLL head Chris Fossick sees need for specialised approach to help developers of luxury properties By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore TO better assist developers selling high-end homes in Singapore, PropNex and JLL have launched a new initiative. A sales
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    • 531 12  -  By kalpana@sph.com.sg kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AN S$85.46 million transaction of office space at SBF Center, which is coming up near Tanjong Pagar MRT Station, has taken place, according to caveats information. The deal reflects a price of S$3,125 per square foot. The
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    • 1045 12 Haywire overseas stock markets, falling currency values are dulling demand for mansions, penthouses BLOOMBERG Boston THE six-bedroom mansion in the shadow of Southern California’s Sierra Madre Mountains has lime trees and a swimming pool, tennis courts and a sauna the
      BLOOMBERG  -  1,045 words
  • Page 12 Advertisements
    • 17 12 SINGAPORE CHRONICLES By the experts, for everyone. On sale at $16 at all major bookstores and www.stpressbooks.com.sg
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    • 200 12 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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    • 137 12 For Sale By Expression Of Interest Food Factory in Jurong Corner plot, with dual and prominent road frontages Land Area: Approx. 316,000 sq ft Master Plan Zoning 2014: Zoned B2 Walking distance to Boon Lay MRT Station Closing Date: 1 March 2016, Tue, 3pm Corner plot with 3 frontages Factory
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  • BANKING & FINANCE
    • 478 13 Declines in October coincide with currency managers losing money last year, finds index BLOOMBERG London The world’s biggest financial market just got a whole lot smaller. Currency trading in the UK and North America shrank by more than 20 per
      BLOOMBERG  -  478 words
    • 393 13  -  fefll REUTERS BREAKINGVIEWS By Rachel Morarjee Beijing AGRICULTURAL Bank of China has suffered another risk black eye. China’s third-largest bank has admitted it is trying to track down 3.9 billion yuan (S$847 million) missing in Beijing. Though it’s a tiny fraction of
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    • 598 13 BLOOMBERG Sao Paulo EUROPEAN investors focused on risks from China to the east should also be looking west. More than half of the region’s worst-performing junk bonds in euros over the past year were sold by companies with operations in
      BLOOMBERG  -  598 words
  • Page 13 Advertisements
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  • ENERGY & COMMODITIES
    • 384 14 BLOOMBERG Kuala Lumpur BAUXITE mining in Malaysia went on a tear after neighbouring Indonesia banned exports, transforming an industry that hardly existed until 2013 into China’s biggest supplier. In September alone, China bought a record 3.7 million tonnes of Malaysian aluminium-rich bauxite. It was
      BLOOMBERG  -  384 words
    • 604 14  -  It has attracted interest from a dozen contractors, but only two are local players By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore A SUBSIDIARY of Indonesia’s stateowned gas utility Perusahaan Gas Negara (PGN) has launched a tender for the supply of a
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    • 439 14 BLOOMBERG Singapore GOLD surged to the highest level in more than two months as demand for haven assets strengthened due to a global retreat in stocks and a renewed slump in oil, with investors scaling back bets about the
      BLOOMBERG  -  439 words
  • Page 14 Advertisements
    • 256 14 V HEART TO HEART TALK Diagnosis Treatment Prevention Learn about your heart’s health and how to take better care of your heart. Led by Dr Michael Lim, internationally renowned Interventional cardiologist and regular contributor of “Health” articles featured in The Business Times Weekend every fortnight. Date: 20 th February 2016
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    • 1 14 NOTICES
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  • 561 15 It hopes to turn growing enthusiasm for watching videos online into monthly subscription fees BLOOMBERG New York VIMEO is joining the increasingly lengthy roster of companies hoping to turn growing enthusiasm for watching videos online into monthly subscription fees. The video-sharing site
    BLOOMBERG  -  561 words
  • 523 15 BLOOMBERG Johannesburg RIAAN Momberg, a manager in the South African travel industry, mistakenly switched on his mobile phone data for just one day while in Sydney last year. His phone company charged him about US$500. The operator sent messages warning of
    BLOOMBERG  -  523 words
  • Page 15 Advertisements

  • CONSUMER
    • 738 16 Q4 profit up 10% to US$1.2b; company also benefited from raising its prices and cutting costs NYT New York MCDONALD’S surprised even the most bullish investors on Monday, reporting stronger-than-expected quarterly gains in earnings, thanks largely to serving items from its breakfast
      NYT; PHOTO: REUTERS  -  738 words
    • 595 16 NYT Utah IT WAS the independent film equivalent of a crack of thunder. After its Sundance premiere last Saturday, Manchester by the Sea a buzzy drama starring Casey Affleck as a handyman coping with family strife sold not to a
      NYT  -  595 words
  • Page 16 Advertisements
    • 132 16 v n<n n 4T /'/GA'W^' tf 4* JS? s# at x <# Singapore Corporate Awards a Nominations Are Now Open Best Managed Board Award* Best Chief Executive Officer Award Best Chief Financial Officer Award Best Investor Relations Award* Best Annual Report Award* Special Recognition Award ew! To Submit Your Nomination.
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  • TRANSPORT
    • 723 17  -  The International Chamber of Shipping and the International Transport Workers’ Federation have published new guidelines that aim to end harassment and bullying on ships STRAIT TALK BY DAVID HUGHES THOSE of us who “benefited” from traditional residential pre-sea training in the 1960s or early 1970s or,
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    • 615 17  -  COMMENTARY By Arthur Lee arthurl@sph.com.sg I OFTEN read the Forum pages of The Straits Times (ST). They provide a good idea of what’s on the minds of citizens at large. The ST Forum of Jan 26 had a letter with a
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    • 466 17 BLOOMBERG Paris TAXIS snarled traffic across France on Tuesday and airlines cancelled flights on the first big strike day of 2016. Taxi drivers, air traffic controllers and civil servants were all on strike, each with different demands. Taxi drivers
      BLOOMBERG  -  466 words
    • 252 17 BLOOMBERG Tokyo FORD Motor Co will close down all operations by the end of this year in Japan and Indonesia, where the US carmaker says it has no path to boost sales or earn profits. The step is being taken “after
      BLOOMBERG  -  252 words
  • Page 17 Advertisements
    • 998 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices XMH XMH HOLDINGS LTD. (Incorporated in the Republic of Singapore) Company Registration Number *****0562M NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalised terms in the Resolution below shall, unless otherwise defined in this Notice of EGM, bear the respective meanings ascribed thereto
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    • 444 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BEYOND HUMANIC PTE. LTD. Company Registration Number *****0369R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(PURSUANT TO SECTION 290(2)(B)] At an Extraordinary General Meeting of the members of Beyond Humanic Pte. Ltd. duly convened and held
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  • GOVERNMENT & ECONOMY
    • 573 18 Move follows BOK statement that an ageing population can’t sustain the levels of growth enjoyed a decade ago BLOOMBERG Seoul BOND funds are favouring longer debt in South Korea after the central bank said this month that an ageing
      BLOOMBERG; PHOTO: AFP  -  573 words
    • 304 18 REUTERS Bangkok THAILAND will hold a general election in 2017 even if a draft constitution does not pass a referendum this year, the prime minister said on Tuesday. Political instability has haunted South-east Asia’s second-biggest economy for the past decade
      REUTERS  -  304 words
    • 567 18 Mr Dung’s influence over economic and security policies is set to diminish BLOOMBERG Hanoi REFORMIST Vietnam Prime Minister Nguyen Tan Dung was not among 200 Communist officials elected to the party’s new central committee, ending his bid to move into one
      BLOOMBERG  -  567 words
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    • 306 18 Your newspaper Subscription comes with exciting rewards! -5 S 3 I K SpHg 'I! reel iigW j ttlW THE STRAITS TIMES LIANHE ZAOBAO THE BUSINESS TIMES BERITA HARIAN THE NEW PAPER LI AN H E WANBAO TAMIL MURASU CUT OUT AND REDEEM THE FOLLOWING REWARDS! EXCLUSIVE TO DIRECT SUBSCRIBERS taan
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  • Page 19 Advertisements
    • 1294 19 The Business Times Wednesday, January 27, 2016 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) KTN SIN PG PKL JKT SUR OCEAN SEAGULL 051 60 27/1 29/1 31/1 5/2 POSITIVE PASSION 72
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  • OPINION
    • 559 20 EDITORIAL IT is becoming clear that immigration policy has become central to the political debate in many countries today, and that the failure by governments to handle the issue is challenging the status quo in those nations. Indeed, the growing political
      559 words
    • 822 20  -  THE BOTTOM LINE By Paul Krugman NYT IN THE 1850s, London, the world’s largest city, still didn’t have a sewer system. Waste simply flowed into the Thames, which was as disgusting as you might imagine. But conservatives, including the magazine, The Economist,
      NYT  -  822 words
    • 1362 20  -  Most analysts predict that if Republican Trump faces the Democratic Clinton this year, the third-party candidate would probably hurt the latter’s chances of winning the White House By Leon Hadar THE news was buried in the reports about the Blizzard for the Ages, as
      PHOTO: REUTERS  -  1,362 words
    • 1026 21  -  COMMENTARY By Gautam Jlndal. Melissa Low, Ho Juay choy T Gautam Jindal and Melissa Low are research associates at the Energy studies institute (ESI) of the National University of Singapore. Ho Juay Choy is an adjunct research associate professor
      1,026 words
    • 722 21  -  By Athanasios Orphanides T The writer is a professor in the Sloan School of Management at the Massachusetts Institute of Technology. Between May 2007 and May 2012, he served as governor of the Central Bank of Cyprus and was a
      PHOTO: REUTERS  -  722 words
    • 1212 21  -  A quantitative modelling scenario points to a better year in 2016 for firms and investors, both in terms of currency stabilisation and overall economic activity. BY THIERRY APOTEKER BY THIERRY APOTEKER T Thierry Apoteker is chairman of TAC Economics,
      PHOTO: REUTERS  -  1,212 words


  • LIFE & CULTURE
    • 439 22 They are hoping the so-called ‘halo’ will prevent the lethal threat posed by flying debris in a crash REUTERS London FORMULA One (F1) drivers are calling for a new safety device to be installed in their cockpits from 2017, hoping the so-called
      REUTERS  -  439 words
    • 1000 22 NYT Siem Reap, Cambodia THE giant mural in the foyer depicting a smiling stone face offers a mere taste of the grandiosity within the new Angkor Panorama Museum here. Inside, a 360-degree painted vista covers an area the
      NYT; PHOTO: NYT  -  1,000 words
    • 207 22 BLOOMBERG Los Angeles SONY Pictures Classics, the independent film label of the Japanese electronics and entertainment group, has acquired Equity, the first Wall Street movie in years to feature a woman in the lead role. Sony bought worldwide rights to the picture, which
      BLOOMBERG  -  207 words
    • 886 22 BLOOMBERG New York IT was twilight when Alejandro Bulgheroni first saw a 2,200-hectare property for sale in rural Garzón, just north of the Uruguayan resort Punta del Este, where he has a beach house. The peaceful green hills reminded him of Tuscany.
      BLOOMBERG  -  886 words
  • Page 22 Miscellaneous
    • 320 22 CRYPTIC CROSSWORD Across 1 See very fast start (3,8) 9 Not living together, guys before beginning to tenant flat (9) 10 Master, extremely disagreeable in a gym (5) movement crossword compiler (11) Down 1 Allure of grand Hollywood actress (7) 2 Find and copy (5) 3 Clear-headed on trial, a
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  • EXECUTIVE MONEY
    • 1179 23  -  Apart from China being a major engine in the world economy, yuan movements have a knock-on effect on Asian currencies. BY BERNARD AW WEALTH INSIGHTS currencies.BY BERNARD AW The writer is market strategist, IG Asia IT is without a doubt that the US dollar is expected
      PHOTO: REUTERS  -  1,179 words
    • 1022 24  -  The No 1 reason is that China’s problems could weigh on EM growth rates. By LANDDN THOMAS JR NYT CURRENCY turmoil in China and fears of a global slowdown have led investors to abandon emerging markets (EMs) in droves, rattling the large
      NYT; FILE PHOTO  -  1,022 words
    • 527 24 BLOOMBERG Hong Kong WHATEVER does cause the next global recession, it likely won’t be China. That’s according to Bank of America Merrill Lynch, who gathered its top experts to mull the “34 questions about China that you were afraid to ask.”
      BLOOMBERG; PHOTO: REUTERS  -  527 words
    • 525 24 ON THE RADAR MUTUAL funds continued to sell more Singapore stocks than they bought in the three months to Jan 20, albeit on low volumes. Based on transactions in the top five stocks, there were net sells of S$932.7 million compared to
      525 words
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    • 71 23 ITSHOW 2016 10-13 March 2016 SUNTEC Singapore Levels 3, 4 6 L3, 11am-9pm L4 L6, 12-9pm itshow.sg fb.com/ComexITShow Singapore's UWBJWSingapore’s LARGEST I.T. consumer electronics exhibition. Thousands of consumers will be there to buy your tech products services! NOW! Book Your Space NOW! *Limited Booths Available Call *****620 or email to
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  • Page 24 Advertisements
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