The Business Times, 13 December 2016

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Microfilm: NL34122
Total Pages: 24
1 24 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Tuesday, December 13, 2016
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  • Article
    Lock icon MARKETS
    26 1 Monday Change STI 2,952.19 -3.94 KL COMP CLOSED NIKKEI 225 19,155.03 +158.66 HANG SENG 22,433.02 -327.96 SHENZHEN B 1,126.51 -36.01 DOW (10.45am EST) 19,790.70 +33.85
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  • Article, Illustration
    Lock icon DAILY DIGEST
    250 1 The prime ministers of Singapore and Malaysia meet in Putrajaya on Tuesday to witness the signing of a bilateral agreement on the planned high speed rail project linking Kuala Lumpur and Singapore. TOP STORIES 2 Business confidence worsens as Singapore Inc heads into the new year, with trade
    250 words
  • Article, Illustration
    Lock icon Olam clashes with green group over Gabon deforestation
    986 1  -  It rebuts US-based Mighty Earth’s claims that it clears trees in the Congo rainforest and buys unsustainably produced palm oil By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OLAM International, which has styled itself as an industry leader in agricultural sustainability, has come under
    BT Graphics  -  986 words
  • Article, Illustration
    Lock icon Oil: Bottomed out
    286 1  -  Crude futures on Monday jumped to their highest since July 2015 after 11 non-Opec countries agreed to join the cartel in the first global oil production cut deal in 15 years involving 60 per cent of the world's production. The agreement means another 558,000 barrels will be
    Source: Bloomberg; Source: Bloomberg, OCBC; Source: US Energy Department, Energy Intelligence Agency, OCBC; Compiled by BT  -  286 words
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      42 1 "*****1 3000 1 1 THE BUSINESS TIMES 7 V l > X,. T ,1 V i 3 ■u A B V LG A R I ROMA SERPENTI BOUTIQUES: TAKASHIMAYA DEPARTMENT STORE, THE SHOPPES AT MARINA BAY SANDS ALSO AVAILABLE AT AUTHORIZED WATCH RETAILERS
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      13 1 BIG TICKET DEALS Retail property investment sales surge in Q4 REAL ESTATE 12
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      28 1 JOB OUTLOOK Hiring likely to stay cautious in next three months: report TOP STORIES 2 COOKING UP FUN Dedicated staff of CulinaryOn help get parties started sme 24
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  • TOP STORIES
    • Article, Illustration
      Lock icon Singapore, Malaysia set to sign high speed rail deal
      672 2  -  PM Lee, Najib will witness the signing of the bilateral agreement in Putrajaya By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE prime ministers of Singapore and Malaysia are meeting in Putrajaya on Tuesday afternoon to witness the signing of a bilateral agreement
      FILE PHOTO  -  672 words
    • Article, Illustration
      Lock icon Hiring sentiment stays cautious in next 3 months: report
      664 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore HIRING sentiments in Singapore, now at the lowest since the 2009 recession, are tipped to stay cautious in the next three months even as recruitment is likely to improve a bit. “With global socio-economic
      FILE PHOTO  -  664 words
    • Article
      Lock icon Boeing’s message to Trump: Iran jet deal’s good for jobs
      1243 2 NYTIMES New York BOEING announced a US$16.6 billion deal on Sunday to sell planes to Iran, which for decades had been economically blacklisted by the United States. The company chose to emphasise in its announcement how many jobs the sale
      NYTIMES  -  1,243 words
    • Article, Illustration
      Lock icon Firms less confident as they move into new year
      654 3  -  The wholesale trade and financial services sectors are the most pessimistic about Q1 2017 By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BUSINESS confidence in the Republic has worsened as Singapore Inc heads into the new year, with trade and financial sector players
      PHOTO: REUTERS  -  654 words
    • Article, Illustration
      Lock icon SIA-Lufthansa venture gets Singapore competition panel’s nod
      498 3  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) and the Lufthansa Group have received the green light from the Competition Commission of Singapore (CCS) for their proposed joint venture (JV), which received approvals from the Australian Competition and Consumer Commission last month.
      498 words
    • Article
      Lock icon Mediapreneur partners crowdfunding platform
      454 4  -  The MediaCorp incubator can gain access to a pool of 1,000 accredited investors on FundedHere’s platform By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MEDIACORP’S startup incubator, Mediapreneur, has partnered FundedHere, an equity and lending-based crowdfunding platform, to facilitate the raising of seed funding for its me-dia-related portfolio
      454 words
    • Article
      Lock icon Chinese media warns ‘immature’ Trump over Taiwan policy
      400 4 AFP Beijing CHINESE media warned Donald Trump on Monday that the one-China policy is “non-negotiable” and dropping it could lead to Beijing supporting US enemies, after the US presid-ent-elect said he might do so unless Beijing made concessions. “The one-China policy cannot
      AFP  -  400 words
    • Article
      Lock icon China’s high-flying US expert talks to Trump’s team
      496 4 REUTERS Beijing CHINA’S top diplomat, who recently met a senior adviser to US Presid-ent-elect Donald Trump, is a high-fly-ing former Chinese ambassador to Washington with a deep understanding of US politics, a country he has clashed with, too. State Councillor Yang Jiechi,
      REUTERS  -  496 words
    • Article, Illustration
      Lock icon Trump picks ex-general Kelly for Homeland Security chief
      321 4 AFP New York DONALD Trump announced on Monday he will nominate retired general John Kelly to head the Department of Homeland Security, the third ex-military man tapped for a top job in his presidential administration. “General John Kelly’s decades of military service
      AFP  -  321 words
    • Article
      Lock icon Singapore cleaners to see S$200 hike in basic pay over 3 years
      719 4 THE STRAITS TIMES Singapore CLEANERS will see their basic pay go up by S$200 over the next three years, with a further annual increase of 3 per cent planned in the three years after that. On top of
      THE STRAITS TIMES  -  719 words
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      39 3 m 1 r 1841 L J 1840 1850 J. SAFRA SARASIN Sustainable Swiss Private Banking since 1841 L J 1 j 11 two 1 1910 1920 1930 1940 1900 1950 m m 2000 Celebrating Private Banking for 175 YEARS
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      268 4 FUTURE mill EMPOWERING ELTIJRE LEADERS WITH CHINA-READY SKILLS CHINA ADVANCED LEADERS PROGRAMME “I have learnt a lot from this Programme. For example, I have seen how Singaporeans expand their social and business networks in China and at the same time how the Chinese expand their social business networks in Singapore.”
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      15 4 Taiwan frets at being pawn in any Trump reset of US, China ties, Page 19
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  • COMPANIES & MARKETS
    • Article
      Lock icon Amundi to buy UniCredit’s Pioneer for 3.5b euros
      382 5 BLOOMBERG Paris AMUNDI SA has agreed to buy Pioneer Investments from Italy’s UniCredit SpA, accelerating the French investment company’s growth in the US and European markets including Germany and Austria. Amundi will pay about 3.5 billion euros (S$5.3 billion) in cash, the
      BLOOMBERG  -  382 words
    • CORPORATE DIGEST
      • Article
        Lock icon Fraser & Neave
        97 5 Fraser Neave FOOD and beverage firm Fraser Neave (F&N) said it has succeeded in its bid to acquire 5.4 per cent more of Vietnam Dairy Products Joint Stock Company, or Vinamilk. This will boost its holdings to 16.35 per cent. F&N will pay about S$709 million for the additional Vinamilk
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      • Article
        Lock icon Stamford Tyres
        67 5 tyre distributor Stamford Tyres said net profit for its second quarter ended Oct 31, 2016 rose 60 per cent to S$1.5 million from a year ago. Revenue was flat at around S$58 million. Higher profit was due to lower cost of goods sold, finance costs and other operating
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    • Article
      Lock icon Civmec wins two contracts worth A$160m
      335 5  -  Deals are part of the development of a processing facility for Rio Tinto's Amrun project in northern Queensland By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CIVMEC Construction Engineering has been awarded two contracts totalling A$160 million (S$ 171 million) as part of the development of
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    • Article
      Lock icon Full performance picture? Onus is on insurers
      605 6  -  HOCK LOCK SIEW BY CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT IN the spirit of sharing as the holiday season approaches and for the benefit of consumers, the life insurance industry really ought to get their act together and come up with a clear industry standard
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    • Article, Illustration
      Lock icon Golden Energy closes below placement price
      306 6  -  HOT STOCKS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SHARES of coal miner Golden Energy and Resources, the new entity that emerged from a reverse takeover, on Monday closed its first day of trading below the S$0.67 price of a placement that was carried out
      Source: Bloomberg  -  306 words
    • Article, Illustration
      Lock icon Oil-linked shares soar on Opec, non-Opec deal
      283 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OIL-RELATED counters were in play on Monday, as oil prices gained on hopes that output reductions by oil producing nations would ease the supply glut that has plagued the sector. The FTSE ST Oil Gas Index closed
      Source: Bloomberg  -  283 words
    • Article
      Lock icon Natural Cool chairman survives ouster bid
      672 7  -  Company scheduled to hold another EGM on Dec 22, requisitioned by shareholders seeking to revoke a share issuance mandate By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE executive chairman of air conditioning firm Natural Cool Holdings managed to survive an ouster attempt by a fairly
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    • Article, Illustration
      Lock icon SIA exploring expansion plans with its portfolio of carriers
      1016 7 BLOOMBERG Dallas WHEN you think of Singapore Airlines Ltd, visions appear of cushy premium cabins, bespoke leather seats, and free-flowing Champagne poured by the carrier’s throwback “Singapore girls” flight attendants. It’s all that, yes. But the luxury carrier is working hard
      BLOOMBERG; BT FILE PHOTO  -  1,016 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Dec 12,2016 2,952.19 -3.94 (-0.13%) Current streak 3 days Day high 2,965.37 Day low 2,937.15 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Dec 12,2016 444.42 +0.68 (+0.15%) Current streak 2 days Day high 444.81 Day low
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low DBXT MSMSIA US$ 1050 35.8 2.4 1230/1006 Keppel Corp 628 35.0 5.9 658/464 Lyxor Russia US$ 326 31.5 7.2 326/200 DBXT MSPAKIS US$ 232.1 21.1 6.8 232.1/169.8 DBS Bk 4.7% NCPS ***** 20.0 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Ziwo 3.5
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    • Article
      Lock icon LOSERS
      72 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -221.9 -1.4 *****/***** JMH USD 5467 -47.3 -0.6 6371/4500 JSH USD 3264 -31.5 -0.7 3605/2524 Hyflux 6% CPS 9270 -30.0 -0.3 *****/9100 DBXT CSI300 US$ 805 -25.8 -2.2 1011/700 BY PERCENTAGE CLOSE DOWN 52w high/low Blumont 0.3 -25.0 -0.1 0.6/0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Ziwo 3,990.9 0.035 +0.017 +94.44 Nico Steel 37,382.5 0.017 -0.003 -15.00 Zhongxin Fruit 120.0 0.013 -0.002 -13.33 Suntar Eco-City 4.0 0.132 +0.002 +1.54 Ezra 154,516.4 0.056 +0.012 +27.27 AusGroup 33,196.5 0.054 +0.008 +17.39 GSS Energy 8,163.9 0.092 +0.011 +13.58 Charisma Energy 30,502.7 0.007 +0.001 +16.67
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    • Article, Illustration
      Lock icon STI proves resilient amid selloff in China
      640 8  -  Index down just 0.13% compared with Shenzhen Index’s 5% and Shanghai Composite’s 2.5% TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Monday proved resilient when it fell only 3.94 points, or 0.13 per cent, to 2,952.19 in the face of
      Source: Bloomberg  -  640 words
    • Article
      Lock icon STI STOCKS
      304 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 -1 241/236 257 209 6.4 6700.1 CapitaCom Trust 154.5 -2 156/152.5 164 127 5.6 4578.6 CapitaLand 311 +1 313/310 340 280 12.4 2.9 *****.9 CapitaMall Trust 196 -1 198.5/194.5 225 185
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 177,567,600 Ezra 154,516,400 Spackman 129,527,900 Ezion 97,610,800 Rex Intl 47,196,500 Market volume 2,659,500,000 VALUE DBS Grp 141,943,533 Keppel Corp 113,915,643 Singtel 65,850,745 UOB 60,467,390 OCBC Bank 60,382,142 Market value 1,239,757,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 12 VALUE CLOSE BT OB/OS 25.00 +64.00 BT CADI -*****.00 -40.00 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 690.00 -2.58 FTSE ST Small Cap 388.37 +1.45 FTSE ST All Share 720.58 -1.05 FTSE ST China Top 163.61 +0.77 FTSE ST China 206.17 +0.07 FTSE
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    • Article
      Lock icon SGX ETFs
      108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US672 -18 612 682/672 772/441 672/675 84 STI ETF 299 -1 281 301/299 303/254 299/300 DBXT MSRussia US$ US247 +9 84 247/242 247/129 246/247 ABF SG Bond ETF 114.9 -0.4 52 116/114.5
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Dec 12,2016 720.58 -1.05 (-0.15%) Current streak 2 days Day high 723.65 Day low 717.91 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Dec 9,2016 1,677.89 +2.70 (+0.16%) Current streak 5 days Day high 1,682.65 Day low 1,675.56 52-week high 1,734.72 (Sept 7, 2016) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 0 1 0 6 7 3 Manufacturing 36 34 24 8 10 9 44 44 33 Commerce 9 27 15 3 4 3 12 31 18 Tpt/Stor/Comms 8 9 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,593 233 34,826 160,245 38 160,284 Manufacturing 100,073 99,376 199,449 110,738 5,838 116,576 Commerce 257,483 67,710 325,193 105,061 890 105,951 Tpt/Stor/Comms 205,825 100 205,925 127,294 9 127,303 Finance 23,813 106 23,919 287,724 16 287,741 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Ascendas Real Estate Investment Trust | Buy
        176 8 Ascendas Real Estate Investment Trust Buy Target price: S$2.65 Dec 12 close: S$2.39 RHB, Dec 12 A-REIT last week announced the acquisition of the DSO National Laboratories buildings and DNV GL Technology Centre from sponsor Ascendas Land for S$437.5 million (including fees and transaction costs). The acquisition stands out amid
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      • Article
        Lock icon Riverstone Holdings | Hold
        130 8 Riverstone Holdings Hold Target price: S$0.94 Dec 12 close: S$0.86 uOBKayHian, Dec 12 We visited Riverstone’s Taiping plant in Malaysia. Expansion plans seem to be on track where building construction for Phase 4 has started and is scheduled to complete in July 2017. We expect 2017 performance to recover on
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      • Article
        Lock icon Singapore plantations | Neutral
        132 8  - Singapore plantations Neutral Compiled by Melissa Tan OCBC Investment Research, Dec 12 Crude palm oil (CPO) prices have recorded strong gains YTD on declining production and tightening inventories post El Nino, in addition to a depreciating ringgit. The consensus view expects CPO production to rebound next year, with some indicating
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    • Article
      Lock icon CALENDAR
      15 8 DATA I Dec 13 S’pore Labour Market Report US Federal Open Market Committee meeting
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    • Article
      Lock icon Dollar up against yen as US bond yields rise
      369 9 CURRENCIES REUTERS London THE US dollar rose to its highest since February against the yen on Monday as US bond yields climbed on the back of expectations of broadly higher inflation, driven by a 5 per cent rise in global oil
      REUTERS  -  369 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.979 5.156 0.706 5.787 50.398 99.390 0.864 8.723 3.299 1.043 78.080 37.145 1.068 10.313 0.759 23.757 26.601 0.592 0.746 Canada 1.022 5.269
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Dec 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0676 1.0683 0.7457 0.7458 Canadian dollar 1.0909 1.0919 0.7623 0.7620 Euro 1.5127 1.5136 1.0566 1.0567 NZ dollar 1.0235 1.0247 0.7149 0.7154 Sterling pound 1.8031 1.8045 1.2594 1.2598
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 12 S$ Bid Offer 1-month 1.4314 1.4325 2-months 1.4316 1.4326 3-months 1.4316 1.4326 6-months 1.4315 1.4327 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        392 9 Dec 12 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.50 *****.00 *****.00 *****.00 *****2 *****1 Jan17 *****.00 *****.00 *****.00 *****.00 7241 ***** NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****8 Jun17 *****.00 *****.00 *****.00 *****.00 100 77 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        202 9 Most active Dec 12 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Charisma EnergyServicesW*****8 0.4 0.1 ***** 1 0 -43 1.75 59 Equation Summit LimitedW*****2 0.5 unch ***** 1 1 25 2.40 8 KepCorp MB eCW*****6 8.9 3.2 5634
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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 Dec 9 Index Change Change Change Change Change Change World Preliminary 1364.4 0.4 6.8 0.8 6.6 0.2 5.7 EAFE Preliminary 1025.7 0.6 1.2 0.7 -1.3 0.2 -2.2 Europe Preliminary 1438.0 0.6 1.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 12 $S Offer Bid 0vernight 0.03 Par 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.15 US$ Offer Bid 7 days 0.75 0.65 1 month 0.75 0.75 2 months 0.95 0.75 3 months 1.10 0.90 6 months 1.40 1.20 9 months 1.55 1.35 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 Dec 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.64 104.69 104.68 5-Year N*****0Z 1.250 01-Oct-21 97.07 10-Year NX*****F 2.125 01-Jun-26 96.85 97.50 97.38 15-Year NZ*****F 2.875 01-Sep-30 100.49 101.28 100.80 20-Year NZ*****X 2.250 01-Aug-36 90.42 91.70 90.55
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        247 9 Dec-9 Price Net change change Last Trade Agricultural Dec-9 CBOT Soybeans (US cents/bu) 1037.50 10.50 1.02% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.74 -0.31 -0.84% 14/12/2016 CBOT Wheat (US cents/bu) 400.25 9.50 2.43% 14/12/2016 Dec-9 LIFFE Cocoa (£/tonne) 1698.00 -75.00 -4.23% 13/12/2016 LIFFE Coffee (US$/tonne) 1989.00 -26.00 -1.29%
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    • Article
      Lock icon SGX MAINBOARD
      1766 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 162 107 AIMS Property 160.5 unch 212 162 160.5 1.8 58 149 124.5 AIMSAMP Cap Reit 130 -1 673 132 129 0.9 8.7
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    • Article
      Lock icon SGX CATALIST
      285 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day LOW Div GrYld Net MCap HiBh LOW 15.3 4.5 t Alliance Mineral 10.2 +0.2 ***** 10.3 9.9 49 Company Sale 19.9 8.3 t Anchor Resources 9.1 -0.2 1384
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    • Article
      Lock icon SGX ETF
      142 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 115.6 97 CIMB APAC Div S$D 110.5 +1.7 19 110.5 110.5 Sale vol 3268 2355 DBXT China50 US$ US3131 +3 4 3131 3131 8.6 422 190 DBXT MSBrazil US$ US366
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      899 5 Advertorial Empowering people to take charge of their health and well-being How technology enables individual health management An expert panel gathered at the recently launched Philips APAC Center for Channel NewsAsia’s Perspectives program to discuss the changing face of personal healthcare in an age where disruptive technology has prompted greater
      899 words
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      1198 7 NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, OR TO U.S. PERSONS THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF ANY NOTEHOLDER IS IN ANY DOUBT AS TO THE ACTION IT SHOULD TAKE IT SHOULD SEEK ITS OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY FROM ITS
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      71 10 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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      101 11 Do you have the vision to be the next Businessman of the Year? Having a strong vision of the future is one of the key qualities that set a true leader apart. Now into its 32nd year, Singapore Business Awards is on the lookout for the next Businessman of the
      101 words
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  • REAL ESTATE
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      109 12 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. W: www.smats.net E: smats@smats.net T: 6293
      109 words
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      608 13 1 W I How much money have you made on your home? 2008 2009 2010 2011 2012 2013 2014 2015 2018 my Capital Gain $104,000 (12.68%) SRX.com.sg/property-tracker HOT PROPERTY Y SUNTEC TWR ONE, panoramic views of the city and Marina Bay, units avail immed abt 1700 sf, 2600 sf, 1200
      608 words
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      Lock icon Page 13 Advertisements Column 2
      784 13 NOTICES Te l 6 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 a s s c o m s g THE
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      1638 13 *IHC INTERNATIONAL HEALTHWAY CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4341 E) (In receivership over charged shares in certain subsidiaries) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of International Healthway Corporation Limited (the “Company”) will be held on
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  • BANKING & FINANCE
    • Article
      Lock icon Cash chaos bolsters India’s digital payment system
      656 14 Usage of Unified Payments Interface surges, with over 250,000 transactions in the first week of December BLOOMBERG Mumbai THE chaos caused by India’s ban on high-denomination rupee notes has provided a boost to a national cashless payment platform that has struggled to gain
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      Lock icon Monte Paschi proceeds with capital plan to avoid state rescue
      628 14 BLOOMBERG Milan BANCA Monte dei Paschi di Siena SpA will step up efforts to win investors for a debt-for-equity swap over coming days, pressing ahead with a five billion euro (S$7.6 billion) capital call to avoid a state rescue that
      BLOOMBERG; PHOTO: BLOOMBERG  -  628 words
    • Article
      Lock icon Speediest traders becoming less welcome in currency markets
      448 14 BLOOMBERG London THE most aggressive high-frequency currency traders are showing signs of losing steam, suggesting platforms have succeeded at thwarting some speedy strategies. Electronic specialists are making waves by eclipsing major banks in for-eign-exchange trading. But some strategies focused on fast execution
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      Lock icon Amex offers 20 weeks of paid parental leave
      525 14 BLOOMBERG New York IN a move to boost recruitment and retention while keeping up with the corporate Joneses, American Express Co said that it will offer 20 weeks of paid leave to any US employee of either gender who has a child
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  • Page 14 Advertisements
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      62 14 FREE ADMISSION 2017 THE LARGEST I.T., DIGITAL, MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE! SHOW HIGHLIGHTS! STARBUYS TRADE-IN TECH SHOWCASE INSTANT WIN LUCKY DIP FREE NOTEBOOK MOBILE PHONE SCREEN PROTECTOR 16-19MARCH SUNTEC SINGAPORE BOOK YOUR SPACE NOW! Call 6747 4620 or Email to: sales@exhibitsinc.com.sg ComexITShow www.itshow.com.sg ORGANISED BY: All information are
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      42 14 “Susan Sim’s sensitive portrayal offers a good insight into the man and his qualities. The book has fascinating revelations.” PROFESSOR S. JAYAKUMAR former Deputy Prime Minister and Senior Minister in the Singapore Cabinet Now on sale at all major bookstores and www.stpressbooks.com.sg
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      82 14 vo o CHINESE NEW YEAR PAIR AT THE NALLS! 11-26 JAn 2017 Join us at the malls and showcase your Chinese New Year goodies and delicacies! Participating Malls include: AMK Hub Century Square Hougang Mall Junction 8 Jurong Point Liang Court Lot 1 Shoppers Mall Tampines One Thomson Plaza Tiong
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  • ENERGY & COMMODITIES
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      303 15 IN ASSOCIATION WITH > to; '"-f- kx' '-A V V n/' r r <"A. r*: V/ .rr v i rr 1 ‘V V W V-i A Sf v =3i-. I* ft V l X i "Ii.v 'v wine our best picks WINE ADVOCATE Fine wines at your doorstep Subscribe to
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  • TECHNOLOGY
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      Lock icon South-east Asia poised to be startup hub of the world
      576 16  -  Research points to a US$88 billion e-commerce increase by 2025 if cross-border trade hurdles can be overcome COMMENTARY By Tim Culpan BLOOMERG Taipei COULD 2017 be the year of the South-east Asian startup? There’s a lot to suggest that might
      BLOOMERG; PHOTO: BLOOMBERG  -  576 words
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      Lock icon Creating a safer phone battery that won’t catch fire
      1048 16 NYTIMES San Francisco MIKE Zimmerman likes to shock his guests by using a hammer to drive a nail through a solid polymer lithium metal battery. Nothing happens and that’s a good thing. Mr Zimmerman’s battery is a new spin on lithium-ion
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    • Article
      Lock icon Red means stop! Banking app cuts customer spending
      974 16 REUTERS New York TRAFFIC lights don’t just work for drivers, some bank customers obey them on their smartphones too. A transaction-tracking app using red, yellow and green messages to warn account holders when they are paying out more or less than usual
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    • Article
      Lock icon BlackBerry rebrands security software after acquisition splurge
      252 16 BLOOMBERG Toronto BLACKBERRY Ltd rebranded the software products it acquired over the last three years, tying them together into a single system it hopes will be the go-to platform companies and governments use to protect their electronic devices from hacks. The system, called
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  • CONSUMER
    • Article
      Lock icon Fox, Sky nailing down £11.2b buyout deal
      875 17 A key decision for Fox is whether to make an outright offer, or pursue a so-called scheme of arrangement BLOOMBERG London 21st Century Fox Inc and Sky plc executives are working with their advisers to nail down final terms of an £11.2 billion
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      Lock icon Sapporo seeks beer deals abroad to catch up with Japan rivals
      540 17 BLOOMBERG Tokyo SAPPORO Holdings Ltd is searching for deals in North America’s mature beer-drinking market and fast-grow-ing economies in South-east Asia, as Japan’s fourth-largest brewer seeks to catch up with bigger local rivals such as Asahi Group Holdings and
      BLOOMBERG; PHOTO: BLOOMBERG  -  540 words
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      34 17 Current Affairs Special Start-ups and Globalisation—to go global? can Singapore companies do What Broadcast details 13 December 2016 9.30pm on StarHub TV E City CH111/825 ●10.00pm on zaobao.sg http://bit.ly/zb-it-matters Chinese programme with English subtitles
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  • TRANSPORT
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      Lock icon ANA takes 49% stake in new Myanmar airline
      553 18 The venture aims to start international flights in 2018 with a couple of of planes, says ANA’s CEO BLOOMBERG Tokyo ANA Holdings Inc has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the
      BLOOMBERG; PHOTO: BLOOMBERG  -  553 words
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      Lock icon Canberra okays plans for second Sydney international airport
      488 18 AFP Sydney SYDNEY is to get its second international airport after the Australian government approved plans on Monday, ending decades of indecision over a facility that will initially handle 10 million passengers a year. Badgerys Creek in the city’s western suburbs had
      AFP; PHOTO: AFP  -  488 words
    • Article, Illustration
      Lock icon Honda ties up with ride-hailing service Grab
      387 18 REUTERS Singapore SOUTH-EAST Asian ride-hailing service Grab disclosed on Monday that Japan’s Honda Motor Co had invested in the firm, as part of a US$750 million funding announced previously, to collaborate on motorbike-hailing services. This is the latest tie-up of its kind in
      REUTERS; ST FILE PHOTO  -  387 words
    • Article
      Lock icon Families continue searching for MH370 clues on Madagascar beaches
      729 18 AFP Nosy Boraha, Madagascar IT WAS a heartfelt journey before Christmas, a search for clues about loved ones who disappeared in a still unsolved mystery. The mission was a long shot, at best. But for several families seeking answers over the
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    • Article
      Lock icon US regulators stepping up pace of Takata air bag recall
      526 18 WP Washington US federal officials involved in the largest car recall in history are taking steps to ensure that the vehicles most at risk for deadly air bag explosions receive replacement parts first. With 29 million cars already under recall
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  • OPINION
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      Lock icon Plight of the Rohingya should be on Asean’s radar
      592 20 EDITORIAL A DIPLOMATIC shouting match seems to be underway between Malaysia and Myanmar, with Malaysian Prime Minister Najib Razak accusing the Aung San Suu Kyi government of ethnic cleansing of the Rohingya people from Rakhine state. Mr Najib described the actions
      592 words
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      Lock icon Trump’s economic strategy defies all political labels
      1486 20  -  It seems to boost US wealth through free-market policies while adopting greater protectionism By Leon Hadar Washington A FEW weeks before Barack Obama was elected president in late 2008, US carmakers Chrysler and General Motors (GM) warned that they were in danger of
      PHOTO: AFP  -  1,486 words
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      Lock icon China seems inclined to give Trump time to settle in
      837 20  -  Clearly, China observes a distinction between Mr Trump’s actions as a private citizen before his inauguration and those of the Obama administration or members of the US Congress. THE BOTTOM LINE By Frank Ching TThe writer is a Hong Kong-based
      837 words
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      Lock icon Asia-Pacific also driving climate change on Paris anniversary
      986 21  -  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. THIS week marks the first anniversary of the landmark agreement of the Paris climate change
      986 words
    • Article
      Lock icon Hope may still triumph over adversity in S Korea
      645 21  -  COMMENTARY By Adam Cotter T The writer is head of Asia and chief representative Singapore at the Official Monetary and Financial Institutions Forum, an independent platform for dialogue and research on international monetary and financial issues. For more information on OMFIF,
      OMFIF  -  645 words
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      Lock icon Unlocking a wave of innovation by closing gaps in S’pore’s ecosystem
      1236 21  -  Creating the infrastructure for innovation is key, mainly by supporting the investors, entrepreneurs and organisations that are focused on capacity building. BY ABHIJIT GHOSH AND RICHARD SKINNER BY ABHIJIT GHOSH, RICHARD SKINNER TThe writers are from PwC Singapore. Mr
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  • Page 22 Advertisements
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      970 22 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 Reindeer are shrinking due to global warming
      431 23 AFP Paris IF SANTA is recruiting helpers to haul Christmas presents around the world this year he had better take a few extra, said researchers on Monday who warned that reindeer are shrinking. Over the past 16 years, the weight of adult reindeer
      AFP; PHOTO: REUTERS  -  431 words
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      Lock icon Millennials changing the way China thinks about money
      1045 23 Those aged 18 to 35 embrace debt like never before, driving up the country’s household lending REUTERS Shanghai MA Yiqing, 24, is typical of China’s younger generation he uses his credit card frequently and borrows from online platforms to fund his shopping
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      Lock icon Tiger Beer trying to shake up fine dining scene in the United States
      742 23 BLOOMBERG New York THE world of fine dining doesn’t change much. If you need evidence, look to the Michelin Guide’s 2017 lists, where pretty much all the three-star places look the same as they did the year
      BLOOMBERG; PHOTO: BLOOMBERG  -  742 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      335 23 CRYPTIC CROSSWORD Across 1 At last I have something for a salad (6) 4 Two things aviators may do for finance (8) 9 Trojan bully (6) 10 Cat-o’-nine-tails remarkably noise-less in ocean (8) 12 Travel afield like hungry sheep? (4) 13 Transport vehicle used on road and railway (5) 14
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  • SME
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      Lock icon Get your culinary game on
      1156 24  -  For Alexander Blanc, co-founder of CulinaryOn, a fun cooking studio from Moscow, his dedicated staff help get the party started. BY RACHEL MUI rachmui@sph.com.sg @RachelMuiBT PICTURE a fun place for a weekend escapade and the last place you’d probably think of is the Central Business
      PHOTO: YEN MENG JIIN  -  1,156 words
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      Lock icon Transforming our SMEs into giant slayers
      1047 24  -  By Michael Teng T The writer is CEO of Singapore Innovation Productivity Institute (SiPi) and author of the book How the small can beat the big companies. YEAR 2016 could be described as the year of the underdogs. We saw the triumph of Brexit
      PHOTO: REUTERS  -  1,047 words