The Business Times, 14 December 2016

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Microfilm: NL34122
Total Pages: 48
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    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 Wednesday, December 14, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    252 1 China posts its strongest retail sales growth of the year in November, while surging steel production lifts factory output. However, private investment is slowing again, leaving the economy more reliant on state spending and mounting debt.TOP STORIES 2 Total employment in Singapore falls by 2,700 in July-September after
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  • Article, Illustration
    Lock icon KL-S’pore high-speed rail to start express service by end-2026
    857 1  -  PM Lee, PM Najib witness signing of historic bilateral agreement; joint tenders will be called next year By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Putrajaya SINGAPORE and Malaysia have agreed to build a new bridge over the Strait of Johor, which will be
    PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  857 words
  • Article, Illustration
    Lock icon Tech behind record PE, VC deals in 2016
    819 1  -  It accounts for 53% of the 100 private equity and venture capital investments and 34% of the total value of US$3.5b By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore TECH continues to be the top sector attracting investments this year. According to a report
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  • Article, Illustration
    Lock icon Ringgit Rout: How low can it go?
    271 1  -  BT Year in charts BY ANITA GABRIEL IF the ringgit was pounded in 2015 by an oil slump, US dollar rally and a still unfolding mammoth financial scandal, then 2016 was less kind to the currency of the net oil exporter for all
    Source: Bloomberg; Source: Maybank Research; Compiled by BT  -  271 words
  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,955.23 +3.04 KL Comp 1,645.28 +3.86 Nikkei 225 19,250.52 +95.49 Hang Seng 22,446.70 +13.68 Shenzhen B 1,133.98 +7.46 Dow(10.45am EST) 19,869.40 +72.97
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  • TOP STORIES
    • Article, Illustration
      Lock icon Singapore, Malaysia eye binding deal on Woodlands-JB train link by end-2017
      632 2  -  They decide that a high bridge across the Strait of Johor as the most suitable option, eschewing a low bridge and a tunnel MALAYSIA-SINGAPORE LEADERS’ RETREAT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Putrajaya THE planned Rapid Transit System (RTS) linking
      PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  632 words
    • Article
      Lock icon Singapore will also prosper if Iskandar Malaysia region succeeds: PM Lee
      568 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Putrajaya SINGAPORE will prosper if the neighbouring Iskandar Malaysia region in the state of Johor does well, said Prime Minister Lee Hsien Loong on Tuesday. Mr Lee, who was in Putrajaya to attend the
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    • Article
      Lock icon China’s Nov retail sales climb 10.8%, fastest pace since Dec 2015
      827 2 But a key growth driver this year housing is showing signs of fatigue and is seen as a major risk for 2017 REUTERS Beijing CHINA posted its strongest retail sales growth of the year in November, while surging steel
      REUTERS  -  827 words
    • Article
      Lock icon Grim third quarter for Singapore labour market
      712 3  -  Employment down, resident long-term unemployment up, layoffs high, and jobseeker-vacancy gap widens By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore PRELIMINARY data that painted a bleak picture of the labour market in the third quarter was confirmed on Tuesday with the release of the
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    • Article, Illustration
      Lock icon Trump taps Tillerson of Exxon Mobil for secretary of state position
      1206 4 But Senate confirmation of his appointment could be contentious due to his close ties with Russia’s Putin AFP REUTERS BLOOMBERG Washington US President-elect Donald Trump announced Exxon Mobil Corp chief executive officer Rex Tillerson as his choice for secretary
      AFP; REUTERS; BLOOMBERG; PHOTO: AFP  -  1,206 words
    • Article
      Lock icon Margin compression fears grow amid slow consumer spending in Malaysia
      557 4  -  2017 remains challenging as retail expenses rise amid a shrinking ringgit and anticipation of price hikes By Pauline Ng btworld@sph.com.sg Kuala Lumpur AFTER a sluggish year for Malaysian retail, a slower-than-expected recovery in consumer spending is prompting concerns that margin
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    • Article
      Lock icon Doctors given more time to sort out contracts with third parties
      761 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore DOCTORS here would have another six months to sort out their financial arrangements with third-party administrators (TPAs), insurance entities and patient-referral providers from January, now that the Singapore Medical Council (SMC) has clarified
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      Lock icon Page 3 Advertisements Column 1
      43 3 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company’s financial performance through The Straits Times Notices. bird’s Eye view of tender jobs Check out the most comprehensive collection of tender notices in The Straits Times Notices. jun 14/myj jun 14/myj
      43 words
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      Lock icon Page 3 Advertisements Column 2
      9 3 WholesaleBanking Newpossibilities, hereIcome You’vesurveyedthebusinessmarketandstakedyour newterritory.Withasolidfoundationinmorethan 40countries,INGcanhelpyoubreaknewground. INGisyourguidetoconnectaroundtheworld. www.ingwb.com/asia World,hereIcome
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  • COMPANIES & MARKETS
    • Article
      Lock icon Cash-rich firms offer value investors options
      934 5  -  HOCK LOCK SIEW BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT VALUE investors in Singapore have endured a rough time in recent years. As the market tanked, most cheap stocks, conventionally defined as having a low price-to-earnings ratio or a low price-to-book ratio, simply got cheaper. Poor
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    • Article
      Lock icon Muddy Waters targets Japan’s Nidec as shorts hit Tokyo, HK
      602 5 BLOOMBERG Tokyo CARSON Block revealed his first ever Japanese target on a day that shortsellers and researchers descended on Tokyo and Hong Kong and sent shares sliding. Muddy Waters Capital LLC, the prominent shortseller founded by Mr Block, is betting
      BLOOMBERG  -  602 words
    • Article
      Lock icon CIOs upbeat on bonds despite expected rate hike
      737 6  -  Demand for yield and fixed income seen as a secular trend in ageing populations By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore EVEN though the market expects the US Federal Reserve to hike rates after its Wednesday meeting, various chief investment officers (CIOs) and
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    • Article, Illustration
      Lock icon UniCredit to slash jobs, raise 13b euros in fresh capital
      534 6 AFP Milan ITALY’S biggest bank, UniCredit, announced plans on Tuesday to slash 14,000 jobs and raise billions of euros in fresh capital as fears of a banking and political crisis grip the country. The bank, one of the worst performers
      AFP; PHOTO: AFP  -  534 words
    • CORPORATE DIGEST
      • Article
        Lock icon Emas Offshore
        47 6 EMAS Offshore said on Tuesday it has reached an agreement with all of its financial lenders to refinance its obligations over a five-year period from Dec 12, 2016. The refinancing will be subject to terms that will be set within 60 days from Dec 12.
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      • Article
        Lock icon IHH Healthcare
        84 6 ihh Healthcare Berhad said its indirect wholly owned subsidiary, M&P Investments Pte Ltd, has received a business licence from China’s Chengdu Administration of Industry Commerce for the establishment of a Sino-foreign equity company called ParkwayHealth Chengdu Hospital Company Limited. M&P will own 70 per cent of ParkwayHealth Chengdu,
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      • Article
        Lock icon M1
        28 6 M1 CEO Karen Kooi has sold 60,000 shares for S$121,200, or S$2.02 a share. The sale brings her stake down to 540,000 shares, or 0.058 per cent.
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      • Article
        Lock icon CMC Infocomm
        43 6 CMC Infocomm said it has been awarded three contracts worth S$7.8 million. The contracts are for the installation of Wi-Fi infrastructure and the procurement and provision of required infrastructure, system and maintenance services for leading telecommunications operators in Singapore and Thailand.
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      • Article
        Lock icon POSH
        59 6 SAUDI Arabia-based Makamin Offshore is claiming 220 million riyals (S$84 million) in alleged damages against a subsidiary of Singapore-listed PACC Offshore Services Holdings (POSH) under a developing legal spat between the two parties. POSH said Makamin Offshore has, through its application for a court order in Saudi Arabia, sought
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      • Article
        Lock icon Oxley Holdings
        72 6 DEVELOPER Oxley Holdings said it has launched its first development project in Batam, Indonesia, on Dec 10. The development, dubbed Oxley Convention City, comprises an office tower with 320 office units, a hotel of 520 rooms, a retail and food beverage (F&B) avenue with 130 units and three
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      • Article
        Lock icon Fragrance Group
        34 6 fragrance Group has incorporated a wholly owned subsidiary, Fragrance Great Britain Pte Ltd. The unit is principally an investment holding company, and has an initial paid-up capital of £5 million (S$9.06 million).
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    • Article
      Lock icon Trump’s Lockheed Martin attack foreshadows war on defence industry
      640 6 REUTERS Seattle DONALD Trump on Monday widened his attack on defence contractors, slamming Lockheed Martin Corp’s F-35 fighter jet programme as too expensive as aides to the presidentelect said he intends to keep pushing to cut the costs of military hardware.
      REUTERS  -  640 words
    • Article
      Lock icon Institutional players plan more active investing in 2017: poll
      493 7  -  Reasons cited: expected spike in volatility and geopolitical uncertainty By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A MAJORITY of institutional investors plan to rely more on active portfolio management and alternative assets next year in light of an expected spike in volatility
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    • Article
      Lock icon Wall Street banks need to sharpen their knives in Asia
      648 7  -  COMMENTARY By Nisha Gopalan BLOOMBERG Hong Kong IN Asia, Western banks need to understand that small is beautiful. They need to be more nimble and focused, and accept that some things are best left to the locals. They should also
      BLOOMBERG  -  648 words
    • Article, Illustration
      Lock icon Asahi to buy five AB InBev East European beer brands
      257 7 REUTERS Tokyo JAPAN’S Asahi Group Holdings Ltd has agreed to buy five East European beer brands from Anheuser-Busch InBev for about 900 billion yen (S$ 11.1 billion) in a deal to be announced soon, the Nikkei business daily said. Anheuser-Busch
      REUTERS; PHOTO: BLOOMBERG  -  257 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Dec 13,2016 2,955.23 +3.04 (+0.1%) Current streak 1 day Day high 2,956.98 Day low 2,939.56 52-week high 2,960.78 (April 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Dec 13,2016 444.40 -0.02 (0%) Current streak 1 day Day high 446.56 Day low
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    • Article, Illustration
      Lock icon Bank stocks defy rating agencies’ prognosis
      597 8  -  STI closes 3.04 points up at 2,955.23 as Dow futures stage late spike and Europe opens higher STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday drifted within a narrow band before finishing at 2,955.23 for a gain of 3.04 points
      Source: Bloomberg  -  597 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 unch 240/237 257 209 6.4 6700.1 CapitaCom Trust 154 -0.5 154/152 164 127 5.6 4563.8 CapitaLand 310 -1 312/309 340 280 12.4 2.9 *****.2 CapitaMall Trust 194.5 -1.5 196/192.5 225 185
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Ezra 158,555,000 Noble 117,456,300 Spackman 109,312,600 Charisma W*****8 59,474,100 Vallianz 58,294,900 Market volume 2,340,488,000 VALUE DBS Grp 96,828,068 OCBC Bank 91,257,174 Singtel 80,485,634 UOB 64,144,615 Keppel Corp 49,132,571 Market value 1,111,286,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 13 VALUE CLOSE BT OB/OS 23.00 -2.00 BT CADI -*****.00 -41.00 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 690.52 +0.52 FTSE ST Small Cap 386.90 -1.47 FTSE ST All Share 721.27 +0.69 FTSE ST China Top 162.76 -0.85 FTSE ST China 204.71 -1.46 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share FTSE ST All-Share Index Dec 13, 2016 721.27 +0.69 (0.1%) Current streak 1 day Day high 721.27 Day low 717.75 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Dec 12,2016 1,681.67 +3.78 (+0.23%) Current streak 6 days Day high 1,687.23 Day low 1,677.28 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 7 7 4 0 1 0 7 8 4 Manufacturing 27 44 26 5 10 9 32 54 35 Commerce 17 15 14 8 2 4 25 17 18 Tpt/Stor/Comms 10 13 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,011 96 17,107 75,697 15 75,712 Manufacturing 92,817 76,005 168,822 84,835 3,800 88,635 Commerce 158,207 71,708 229,915 68,152 1,425 69,577 Tpt/Stor/Comms 215,774 286 216,060 156,949 25 156,974 Finance 27,503 262 27,765 275,066 39 275,104 Construction
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    • Article
      Lock icon SGX ETFS
      106 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 300 +1 426 300/298 303/254 299/300 DBXT MSBrazil US$ US362 -4 72 366/362 422/190 362/363 IS Asia BND US US1045 66 -/-1126/1010 1041/1078 ABF SG Bond ETF 114.9 64 115/114.8 120.1/112.1 114.7/115 524.5 DBXT
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 797.0 2.5 *****/***** JSH USD 3320 79.8 1.7 3605/2524 GLD US$ ***** 78.4 0.5 *****/***** JMH USD 5498 44.2 0.6 6371/4500 Hyflux 6% CPS 9300 30.0 0.3 *****/9100 BY PERCENTAGE CLOSE UP 52w high/low Lung Kee Bermuda 42.5 88.9
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low DBXT China50 US$ 3087 -62.7 -1.4 3268/2355 DBXT MSAsExJp US$ 3393 -48.5 -1.0 3633/2772 DBXT Vietnam US$ 2157 -47.1 -1.5 2533/2017 DBXT MSCHINA US$ 1276 -24.2 -1.3 1388/995 HongkongLand USD 624 -14.3 -1.6 735/555 BY PERCENTAGE CLOSE DOWN 52w high/low Metal Comp W*****8
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Lung Kee Bermuda 1.6 0.425 +0.200 +88.89 Natural Cool 7,241.3 0.127 +0.048 +60.76 Serrano 2,405.7 0.004 -0.004 -50.00 MSM Intl 25.0 0.080 -0.010 -11.11 NutryFarm 1,600.1 0.170 -0.035 -17.07 Enviro-Hub 65.4 0.069 -0.015 -17.86 PS Group 40.1 0.126 -0.014 -10.00 CFM 100.0 0.030 +0.001 +3.45
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore property and real estate investment trusts | Overweight
        191 8 Singapore property and real estate investment trusts Overweight UOB Kay Hian, Dec 13 We see limited impact on Singapore’s property sector from the liquidity curbs in China due to the rarity of deals over US$1 billion. Within our coverage, Global Logistic Properties (GLP) is the most sensitive to a depreciating
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      • Article
        Lock icon Soilbuild Business Space Reit | Neutral
        122 8 Soilbuild Business Space Reit Neutral Target price: S$0.67 Dec 13 close: S$0.645 PhillipCapital, Dec 12 Soilbuild Business Space Reit announced that it has terminated the lease with Technics Offshore Engineering for 72 Loyang Way with immediate effect from Dec 9, 2016. Distribution per unit (DPU) will not be impacted for
        122 words
      • Article
        Lock icon Singapore small-caps | No rating
        180 8  - Singapore small-caps No rating Compiled by Melissa Tan DBS Group Research, Dec 13 Our top picks (China Aviation Oil, Cityneon Holdings, cnmc Goldmine, MM2 Asia, Singapore O&G) underperformed last month, closing 3.5 per cent lower on average since our last issue. This month, we keep all of our picks from
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    • Article
      Lock icon US$ steadies; markets still wary ahead of Fed meet
      452 9 CURRENCIES REUTERS London THE US dollar steadied against the yen and euro on Tuesday after its weakest day in a week, with markets still uneasy that a Federal Reserve meeting ending on Wednesday may provoke more investors to cash in the
      REUTERS  -  452 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 5.168 0.704 5.811 50.532 99.660 0.864 8.737 3.321 1.042 78.481 37.286 1.068 10.151 0.759 23.793 26.657 0.591 0.749 Canada 1.017 5.254
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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 Dec 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0670 1.0689 0.7484 0.7494 Canadian dollar 1.0853 1.0862 0.7616 0.7612 Euro 1.5165 1.5173 1.0637 1.0638 NZ dollar 1.0247 1.0258 0.7187 0.7192 Sterling pound 1.8064 1.8080 1.2670 1.2676
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 13 S$ Bid Offer 1-month 1.4257 1.4263 2-months 1.4257 1.4265 3-months 1.4257 1.4266 6-months 1.4258 1.4267 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        213 9 Most active Dec 13 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Charisma EnergyServicesW*****8 0.5 0.1 ***** 1 0 -29 1.40 59 Ntegrator Intl Ltd W*****3 0.5 0.1 ***** 1 1 -6 3.20 23 Equation Summit LimitedW*****2 0.5 unch
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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 12 Index Change Change Change Change Change Change World Preliminary 1364.3 -0.2 6.8 -0.4 6.4 0.0 5.8 EAFE Preliminary 1023.8 -0.2 1.0 -0.1 -1.5 0.2 -2.0 Europe Preliminary 1432.5 -0.4 1.4
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        383 9 Dec 13 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.50 *****.00 *****.50 *****.50 *****3 *****4 Jan17 *****.00 *****.00 *****.50 *****.50 6297 ***** NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****0 Jun17 *****.00 *****.00 *****.00 *****.00 66 163 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 13 $S Offer Bid 0vernight 0.05 Par 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.40 US$ 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 1.60 1.40 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Dec 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.59 104.65 104.60 5-Year N*****0Z 1.250 01-Oct-21 97.06 97.15 97.10 10-Year NX*****F 2.125 01-Jun-26 96.84 96.75 96.60 15-Year NZ*****F 2.875 01-Sep-30 100.54 100.90 100.40 20-Year NZ*****X 2.250 01-Aug-36 90.59
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Dec-12 Price Net change change Last Trade Agricultural Dec-12 CBOT Soybeans (US cents/bu) 1031.00 -6.50 -0.63% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.76 0.02 0.05% 14/12/2016 CBOT Wheat (US cents/bu) 401.25 1.00 0.25% 14/12/2016 Dec-12 LIFFE Cocoa (£/tonne) 1732.00 34.00 2.00% 13/12/2016 LIFFE Coffee (US$/tonne) 2030.00 41.00 2.06%
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    • Article
      Lock icon SGX MAINBOARD
      1826 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 130.5 +0.5 756 131 130 0.9 8.7 831.7 C'vr 172.5 101 ARA Asset Mgmt 168.5 -0.5 6410
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    • Article
      Lock icon SGX CATALIST
      322 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap 46.5 29.5 t Advancer Global 36.5 -0.5 18 36.5 36.5 14.5 63.2 LOW 15.3 4.5 t Alliance Mineral 10.5 +0.3 ***** 10.9 10.4
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    • Article
      Lock icon SGX ETF
      123 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3087 -44 2 3087 3064 8.5 422 190 DBXT MSBrazil US$ US362 -4 72 366 362 1388 995 DBXT MSCHINA US$ US1276
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      Lock icon Page 5 Advertisements Column 1
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      Lock icon Page 5 Advertisements Column 2
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      Lock icon Page 6 Advertisements Column 1
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      216 words
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      34 7 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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  • REAL ESTATE
    • Article
      Lock icon CCR best performer for condo resale prices
      597 11  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE Core Central Region (CCR) looks set to be the outperformer again this year for resale prices of private apartments and condos. Based on flash estimates for November 2016 released by SRX Property on Tuesday, its price
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    • Article, Illustration
      Lock icon Billionaires buying first homes skirt Hong Kong’s new curbs
      1202 11 BLOOMBERG Hong Kong HERE’S how billionaire Edwin Leong, one of Hong Kong’s largest retail landlords, got around Hong Kong’s new property curbs and saved almost US$ 17 million on his tax bill. He managed to qualify as a firsttime homebuyer, purchasing
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,202 words
    • Article, Illustration
      Lock icon BASF selling five office floors at Suntec Tower One for S$129.3m
      613 11  -  Price of S$2,400 psf is lower than deal next door a year ago; buyer believed to be linked to ARA group By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FIVE office floors in Suntec Tower One are changing hands for a
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      Lock icon Slowest growth rate for Australian home prices since 2013
      474 11 REUTERS Sydney AUSTRALIAN home prices grew at the slowest pace in over three years in the last quarter amid tougher rules on investment lending and economic hardship in mining states, a cooling that could reduce hurdles to a further cut in
      REUTERS  -  474 words
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      26 11 International Residential Property Services Vanessa Chan CEA REG NO. R*****31 +65 8125 7636 Vanessa.Chan@ap.jll.com Jones Lang LaSalle Property Consultants Pte Ltd l CEA Licence No. L*****26E
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      99 11 INTERNATIONAL BUILDING THE CONCOURSE BEACH ROAD (ORCHARD ROAD) OFFICE FOR LEASE 1 Office: 355 to 1,917 sq ft 1 Shop/F&B: 753 to 3,660 sq ft 1 Also suitable for Clinic/Medical Suites 1 Newly-renovated Office Lift Lobbies Toilets Next to Shaw House/lsetan Scotts (outside ERP gantry) 1 Minutes walkto Orchard MRT
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  • ENERGY & COMMODITIES
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      1594 13 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg SHINVEST HOLDING LTD. (Incorporated in the Republic of Singapore) Company Reg. No. *****5519R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Seventh Annual General Meeting of Shinvest Holding Ltd. (the “Company”) will be held at RELC International Hotel, Room
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  • TECHNOLOGY
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      818 14 “I commend this excellent biography of one of Singapore’s most loved founding fathers.” PROFESSOR TOMMY KOH Ambassador-at-Large at the Ministry of Foreign Affairs, Singapore Now on sale at all major bookstores and www.stpressbooks.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SIMPLE TONE PTE.
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  • CONSUMER
    • Article, Illustration
      Lock icon United Murdochs seek to take control of Sky
      780 15 Father and sons work together to wrap up unfinished business five years after first derailed bid BLOOMBERG Los Angeles JAMES and Lachlan Murdoch were kids when their father bought into a little British outfit called Satellite Television 33 years ago. Now they’re
      BLOOMBERG; PHOTOS: BLOOMBERG  -  780 words
    • Article
      Lock icon Tencent hunts for Hollywood deals to feed China’s film boom
      785 15 Potential targets include companies on both the creative and production sides of movie making BLOOMBERG Hong Kong TENCENT Pictures, the film unit of China’s biggest Internet company, is looking for acquisitions that can accelerate plans to make its own blockbusters
      BLOOMBERG  -  785 words
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      155 15 Card GRAB THE ONLY GOLF CARD THAT MATTERS FOR YOUR BUDDIES AND LOVED ONES THIS CHRISTMAS! Early Bird SPECIALAt Only $150 per year. Valid till Dec 31, 2016 ENJOY!! Handicap Maintenance and Insurance! lets you play golf anywhere with peace of mind. Access to Singapore golf clubs! with best-of rates
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Trump’s stance on China worries US exporters
      730 16 American companies are afraid of reprisals if the Chinese government takes a tit-for-tat approach AFP New York PRESIDENT-ELECT Donald Trump’s threat to slap punitive tariffs on Chinese goods is a worry for firms that trade with the country in the United States Midwest,
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      Lock icon India’s stellar economic performance set to slow this year: ADB report
      617 16  -  institution cuts earlier projection that Indian GDP would grow by 7.4% this year to just 7% By Anthony Rowley btworld@sph.com.sg Tokyo FOR several years, India has been a star performer among Asian economies, with annual output rising continually above
      PHOTO: AFP  -  617 words
    • Article
      Lock icon UK inflation hits 2-year high in November
      453 16 REUTERS London BRITISH inflation hit its highest rate in more than two years last month, pushed up by more expensive clothing and the impact of June’s “Brexit” vote on the prices consumers paid for technology goods. Consumer prices were 1.2 per cent higher
      REUTERS  -  453 words
    • Article
      Lock icon Tokyo watches uneasily as Trump shakes China-Taiwan ties
      769 16 Any escalation of frictions across the Taiwan Strait could have a ripple effect on countries like Japan BLOOMBERG Tokyo UNITED States President-elect Donald Trump’s apparent willingness to engage with Taiwan could spur Chinese retaliation that draws in Japan, complicating the geopolitical landscape
      BLOOMBERG  -  769 words
    • Article, Illustration
      Lock icon Turkey’s economy gets US$140b boost from new accounting methods
      1045 17 Revised 2015 GDP data makes Turkey the 17th largest economy worldwide BLOOMBERG Istanbul WHERE reforms and a series of interest rate cuts failed, new accounting methods have succeeded in delivering a US$140 billion boost to Turkey’s economy. That’s how many economists
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    • Article
      Lock icon Japan agrees on timetable to overhaul macroeconomic data
      371 17 REUTERS Tokyo JAPAN’S government has taken a large step towards an overhaul of its most important macroeconomic data to address long-standing concerns about volatility, collection methods, sample quality and accuracy. A timetable agreed by a government panel of private-sector economists on Tuesday
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      291 17 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg Rules 91 and 10 FORM 69(3) IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SINGAPORE FLYER PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATIONCOMPANY REGISTRATION NO. *****6169R NOTICE OF INTENDED DIVIDEN Name of Company: Singapore Flyer Pte Ltd
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  • TRANSPORT
    • Article
      Lock icon Looking after seafarers’ well-being
      632 18  -  A Singapore conference on wellness at Sea aims to help officers identify people on board who need help and provide support for them STRAIT TALK BY DAVID HUGHES ON reading that there will be a conference on Wellness at Sea in Singapore on Jan 17, I
      632 words
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      Lock icon Boeing slows 777 wide-body output, boosts dividend by 30%
      602 18 BLOOMBERG Chicago BOEING Co gave investors bad news and good news as it unveiled deeper cuts to one of its biggest moneymakers, the 777 jetliner and then announced a 30 per cent dividend hike. The shares responded like a yo-yo in
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    • Article
      Lock icon Lamborghini’s intensive driving gig is worth US$12,000
      933 18  -  By Matthew Miller BLOOMBERG Berlin THERE are plenty of ways to blow your money in Vegas. You could order a US$10,000 Ono champagne cocktail at the XO club in the Wynn Encore. In the same club, you can pay Canadian DJ Deadmau5 US$200,000
      BLOOMBERG  -  933 words
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      Lock icon Global carriers reeling from flood of cheap China long-haul flights
      771 18 BLOOMBERG Sydney KILLING four hours at Guangzhou Baiyun International Airport waiting for a China Southern connection to Sydney may not be everyone’s idea of fun. For Gina Capella, it was a no-brainer. The 43-year-old Boston resident and her friend saved
      BLOOMBERG; PHOTO: AFP  -  771 words
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      244 19 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 294 PRW111 15/12/2016 16/12/2016 Pelindo/Perawang DAILY Marco Polo 258 TTS046 15/12/2016 16/12/2016 Tebing Tinggi/Jambi DAILY Marco
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  • OPINION
    • Article
      Lock icon Trump should get his facts right on China
      703 20  -  THE BOTTOM LINE By Sijia Wang T The writer is chief executive of London Oxford Group, an integrated London-based financial group also present in Shanghai and Tokyo. This comment was sourced from the Official Monetary and Financial institutions Forum, an independent platform
      OMFIF  -  703 words
    • Article
      Lock icon Park impeached, but South Korea’s problems are just beginning
      562 20 EDITORIAL THE writing was on the wall long before last Friday, when South Korea’s Parliament voted overwhelmingly in favour of impeaching the country’s embattled president, Park Geun-hye. No one would have been too surprised at the outcome, given that she had
      562 words
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      Lock icon Trump’s mind-bending foreign policy
      1493 20  -  The US president-elect’s choices to fill the top national security positions in his administration gives new meaning to “team of rivals” By Leon Hadar Washington LET’S imagine that it’s the first year of the administration of President Donald Trump and America is facing a major national
      PHOTO: NYTIMES  -  1,493 words
    • Article
      Lock icon End-of-year EU summit will cap off tumultuous 2016
      1018 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 EUROPEAN political leaders will meet in Brussels on Thursday for the final summit of one
      1,018 words
    • Article
      Lock icon Time to evolve Singapore’s intellectual property tax regime?
      786 21  -  COMMENTARY By Angela Tan and Tan Bin Eng IN today’s world of Industrial Revolution 4.0, intangibles such as intellectual property (IP) are increasingly embraced as the main strategic asset that provides a competitive advantage. According to Ocean Tomo, a well-established IP intermediary,
      786 words
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      Lock icon Opec deal can’t hide decline of Saudi power as cartel loses clout
      1294 21  -  Also, it is not clear whether non-Opec producers, chiefly Russia, will abide by the output-cut deal, and how US shale oil producers will respond to the agreement. BY CHRIS MILLER BY CHRIS MILLER TThe writer is associate director
      PHOTO: AFP  -  1,294 words
  • Page 20 Miscellaneous
    • Miscellaneous
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      140 20 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Wagyu beef gets a makeover
      1059 22 Japanese farmer Seikou Sekimura offers a low-calorie version of the fat-laden delicacy BLOOMBERG Tokyo SEIKOU SEKIMURA is betting that aficionados of Japan’s wagyu beef one of the world’s most-expensive meats are ready for a diet version of the fat-laden, melt-in-your-mouth delicacy. In the rural northern
      BLOOMBERG; PHOTOS: BLOOMBERG  -  1,059 words
    • Article
      Lock icon E Antarctica more exposed to warming than thought
      349 22 AFP Paris EAST ANTARCTICA’S massive ice sheet may be more vulnerable to global warming than long assumed, according to a study on Monday that shows how strong winds can erode ice shelves that help hold it in place. There is enough frozen
      AFP  -  349 words
    • Article
      Lock icon Test at age 3 spots future crooks, addicts and deadbeat dads
      343 22 AFP Paris TESTING for intelligence, motor skills and troubled behaviour at age three showed which tots were likely to wind up behind bars or as deadbeat dads later in life, a long-term study reported Monday. The results should make
      AFP  -  343 words
    • Article
      Lock icon Gift of Travel is the latest stocking filler
      963 22 NYTIMES New York TERI THOMPSON isn’t shopping for stylish sweaters or the latest gadgets this holiday season. Her daughter working in New York wants help paying for an airline ticket to Sweden. And her college-age daughter in Philadelphia wants to plan a
      NYTIMES  -  963 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      347 22 CRYPTIC CROSSWORD Across 1 I am meeting criminal person I’d put behind bars (10) 6 Female with diary to sell (4) 9 Holed in one around start of tournament? Player did it (5) 10 Fine tonic cured disease (9) 12 Lace it’s unusually stretchy (7) 13 Anxious period in American
      347 words
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      303 23 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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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Rotation from bonds to equities lifts EM stocks
      584 23  -  Developing markets are now a draw as currencies recover from energy slump. BY NATASHA DOFF BLOOMBERG London THE world’s riskiest stock markets are being swept up in the great rotation from bonds to equities. The prospect of the fastest economic growth in
      BLOOMBERG; PHOTO: REUTERS  -  584 words
    • Article
      Lock icon Hedge fund powered by anonymous input attracts investors
      575 23 San Francisco-based Numerai snags US$6m in new investments month.NYTIMES San Francisco A HEDGE fund powered by ideas from anonymous contributors is attracting some prominent investors. The San Francisco-based hedge fund Numerai announced US$6 million in new investments on Monday from a group
      month.NYTIMES  -  575 words
    • Article, Illustration
      Lock icon How to play the Trump stock market rally
      1148 24  -  Value-minded investors think it may be time to start looking for bargains in areas of the market that have been left behind. BY PAUL J LIM BY PAUL J LIM NYTIMES IN the four weeks since Donald Trump was elected president, many
      NYTIMES; PHOTO: AFP  -  1,148 words
    • Article, Illustration
      Lock icon Adoption of ETFs in Asia set to grow, says iShares exec
      680 24  -  Simplicity, transparency, cost and unbundling of returns seen driving growth By Genevieve Cua gen@sph.com.sg @GenChuaBT Singapore ASIA’S take-up of exchange-traded funds (ETFs) is expected to pick up, thanks to the increasing use of ETFs in managed portfolio solutions and
      680 words
    • Article
      Lock icon Fund managers see Malaysian shares, debt as a buy
      714 24 BLOOMBERG Kuala Lumpur MALAYSIA’S ringgit is falling at the fastest pace among Asian emerging markets, the 10-year bond yield just spiked to an eight-year high and the stock market is closing in on a record third straight annual loss. But fund
      BLOOMBERG  -  714 words
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  • Article
    Lock icon THE BUSINESS TIMES
    23 1 S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 GWednesday, December 21, 2016
    23 words
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    Lock icon DAILY DIGEST
    253 1 Singapore’s motor industry seems to be expecting COE premiums in 2017 to head anywhere but south, even as everyone agrees that economic uncertainty is weighing heavily on consumers’ minds. TOP STORIES 3 PwC has submitted Budget proposals on the digital economy, including suggestions that the tax regime be
    253 words
  • Article
    Lock icon SGX shrinks as value of IPOs is outstripped by value of delistings
    1667 1  -  Analysts see mainboard listings of Reits continuing in 2017, plus Catalist floats of tech firms and F&B firms REVIEW 2016 By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A HIGHER number of new initial public offerings (IPOs) on the Singapore
    1,667 words
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    Lock icon Tourism industry on track for growth this year
    348 1  -  BT Year in charts BY NISHA NISHA RAMCHANDANI Despite headwinds, Singapore's tourism industry has done better than anticipated so far this year, with visitor arrivals up some 9 per cent year on year for the period spanning January to September. One of
    348 words
  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,911.31 -1.77 KL Comp 1,634.52 +0.22 Nikkei 225 19,494.53 +102.93 Hang Seng 21,729.06 -103.62 Shenzhen B 1,125.18 -4.91 Dow(10.45am EST) 19,971.78 +88.72
    26 words
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      58 1 "*****1 3000 1 1 m THE BUSINESS TIMES 40TH ANNIVERSARY Tradition Chronographe Independant 7077 ss -•> 9s 0 0 V Sr i o 0 Depuis 1775 SINCERE ESTD 1954 SINCERE FINE WATCHES Takashimaya S.C. Ngee Ann City +65 6733 061 8 Suntec City Mall +65 6337 5150 SINCERE HAUTE HORLOGERIE
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      36 1 2013 PENNY STOCK CRASH Allegations of witness tampering added to charges against Soh Chee Wen COMPANIES MARKETS 5 EMERGING JP doing Berlin attackers may still be at large as doubts cast on suspect TOP STORIES 3
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      34 1 EMERGING MARKETS JP Morgan Asset Management sees EMs doing better than expected exec money 24 COMMENTARY Beware the slippery slope of online gambling TOP STORIES 2 Graphic: IPOs and delistings in 2016, Page 3
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  • TOP STORIES
    • Article, Illustration
      Lock icon Beware the slippery slope of online gambling
      935 2  -  COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT EVERY week, I receive e-mail from local gaming company Singapore Pools that highlights some of the football matches that will be played around the world in the coming days. The e-mail is chock-full of statistics, the latest
      935 words
    • Article
      Lock icon No longer business as usual for SMEs
      1173 2  -  Firms encouraged to boldly embrace new business models to ride on opportunities and pursue sustained growth REVIEW 2016 By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore THE year 2016 has certainly not been kind to many of the small and me-dium-sized enterprises (SMEs) in Singapore.
      1,173 words
    • Article, Illustration
      Lock icon SMEs pessimistic about the road ahead
      509 2  -  BT Infographics BY VIVIEN SHIAO 2016 has been a tough year for our SMEs. We examine how our SMEs fared this year and what challenges they are likely to face in 2017. “Business conditions in general has definitely been tougher this year. As we
      509 words
    • Article
      Lock icon SoftBank inks deal after CEO promises Trump he will create US jobs
      330 2 BLOOMBERG San Francisco SOFTBANK Group Corp chief executive officer Masayoshi Son told US President-elect Donald Trump this month that he would create 50,000 jobs in the US. Money for the first 3,000 positions was announced on Monday. Satellite
      BLOOMBERG  -  330 words
    • Article, Illustration
      Lock icon Sembcorp names new president & CEO
      516 3  - Sembcorp names new president CEO Current group president Tang Kin Fei will retire in March after 30 years with the group; he will be succeeded by Temasek’s Neil McGregor By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SEMBCORP Industries group president and CEO Tang Kin Fei will retire on March 31, 2017
      516 words
    • Article
      Lock icon Berlin attackers may still be at large as doubts cast on suspect
      771 3 German federal prosecutor says that several perpetrators may have been involved BLOOMBERG Berlin GERMANY’S federal prosecutor said that several perpetrators may have been involved in an attack on a Berlin Christmas market, raising the prospect that one or
      BLOOMBERG  -  771 words
    • Article
      Lock icon COE trend seen continuing in 2017
      733 3  -  Cases of vendors vanishing with customers’ deposits may hit less well-known parallel importers next year By Samuel Ee samuelee@sph.com.sg Singapore IT looks like the motor industry in Singapore is expecting COE (Certificate of Entitlement) premiums in 2017 to head anywhere but south, even as
      733 words
    • Article
      Lock icon PwC submits Budget proposals on digital economy
      434 4  -  Raft of suggestions made to fine-tune tax regime, including easing work visa rules to widen talent pool, and extending Angel Investors Tax Deduction Scheme By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore EASE employment rules for work visas in the technology startup space. Give angel
      434 words
    • Article, Illustration
      Lock icon IMF closes ranks behind its chief to protect the Fund’s wider interests
      822 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo BY closing ranks in support of managing director Christine Lagarde after a French court found her guilty of criminal charges linked to misuse of public funds, the International Monetary Fund’s (IMF) executive board
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    • Article
      Lock icon Ousted Tata chairman to take fight to India’s courts
      399 4 Mistry also quits as a director in six group companies on the eve of EGMs to remove him BLOOMBERG Mumbai CYRUS Mistry, the ousted chairman of Tata Sons Ltd, said he will take his fight against his unceremonious removal as head
      BLOOMBERG  -  399 words
    • Article
      Lock icon Credit Suisse asked to cough up US$5-7b in US settlement of toxic debt probe
      541 4 REUTERS Zurich THE US Department of Justice has asked Credit Suisse to pay between US$5 billion and US$7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008
      REUTERS  -  541 words
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      24 2 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-*****88
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      142 3 PICTET Pictet-Absl Rtn Fxd Inc-HP EUR Pictet-Asian Equities Ex Japan-P USD Pictet-Asian Local Currency Debt-P USD Pictet-Biotech-P USD Pictet-Clean Energy-P USD Pictet-Em Lcl Ccy Dbt-P USD Pictet-Emerging Europe-P EUR Pictet-Digital-P USD Pictet-Emerging Markets-P USD Pictet-EUR Bonds-P Pictet-EUR Corporate Bonds-P Pictet-EUR Government Bonds-P Pictet-EUR High Yield-P Pictet-EUR Short Mid-Term Bonds-P Pictet-European
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      202 4 St+ news with benefits IN ASSOCIATION WITH wine our best picks <ul WINE ADVOCATE p.V/ J > jb* £V*## j?: Sr V 5. v V J;* k4R m Hr B0 'll I M t V Fine wines at your doorstep Subscribe to ST's new wine club and get up to
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon ISR probe led to new allegations against Soh Chee Wen, says DPP
      590 5  -  Allegations of witness tampering were added after Nov 25, bail hearing told By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore INFORMATION gathered during an investigation into ISR Capital’s recent stock crash led prosecutors of John Soh Chee Wen to add
      PHOTO: WONG KWAI CHOW/THE STRAITS TIMES  -  590 words
    • Article, Illustration
      Lock icon M&A deal activity in region this year expected to match 2015 levels
      686 5  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore 2016 HAS been a mixed bag for South-east Asia, with difficult economic conditions presenting themselves alongside new pathways towards growth. Against this backdrop, the region looks likely to finish the year with
      Source: Merrill Corporation/Mergermarket  -  686 words
    • Article, Illustration
      Lock icon Limited scope for reversal of property measures for now
      1348 6  -  HOCK LOCK SIEW BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT WITH the US Federal Reserve signalling a faster pace of interest rate hikes next year, should Singapore continue to stand pat on property cooling measures? Whether these measures should be tweaked has been
      Source: URA  -  1,348 words
    • Article
      Lock icon Singapore Kilobar Gold contract now Syariah compliant
      296 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Singapore Kilobar Gold Contract of the Singapore Exchange (SGX) has become the world’s first Syariah-com-pliant gold futures. SGX said this endorsement by Islamic scholars on its physically settled futures contract unlocks a new investment and
      296 words
    • Article
      Lock icon Massive wipeouts in IPOs on HK’s Growth Enterprise Market cause concern
      793 6 BLOOMBERG Hong Kong HONG KONG’S Growth Enterprise Market has seen a string of the world’s best stock debuts this year. It’s also been home to some of the biggest plunges, wiping out gains and raising questions about how the
      BLOOMBERG  -  793 words
    • Article, Illustration
      Lock icon Cosco Corp (S) suspended amid restructuring plans
      475 7  -  Analysts suggest a delisting from the Singapore bourse, or mergers and acquisitions activity, could be in the works By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE trading halt at mainboard-listed shipbuilder Cosco Corporation (Singapore) this Monday has been converted into a suspension, as it
      PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  475 words
    • Article
      Lock icon Sabana Reit to raise S$80m mainly for property purchases
      382 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SABANA Reit is looking to raise gross proceeds of about S$80.2 million through an underwritten and renounceable rights issue S$76.8 million of which will be used to partly finance the acquisition of three properties. These
      382 words
    • Article
      Lock icon Kuroda’s ETF experiment has failed, says long-time Japan optimist
      420 7 BLOOMBERG Tokyo HARUHIKO Kuroda’s attempt to engineer change at Japan Inc using ex-change-traded funds (ETFs) just isn’t working, says Jesper Koll, a perennial optimist on the country’s economy. The Bank of Japan (BOJ) is spending 300 billion yen (S$3.7 billion) a
      BLOOMBERG  -  420 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Dec 20,2016 2,911.31 -1.77 (-0.06%) Current streak 2 days Day high 2,925.28 Day low 2,903.47 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Dec 20,2016 434.25 -1.30 (-0.30%) Current streak 4 days Day high 438.69 Day low
      63 words
    • Article, Illustration
      Lock icon STI dragged lower by DBS, OCBC selling
      675 8  -  Index could range between 2,900 and 2,960 unless there’s a window-dressing rally next week: CMC Markets STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT SELLING of DBS Group and OCBC Bank shares on Tuesday meant the Straits Times Index (STI) finished the session 1.77 points
      Source: Bloomberg  -  675 words
    • Article
      Lock icon STI STOCKS
      304 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 -1 230/227 257 209 6.7 6452.4 CapitaCom Trust 150 +2 151/148 164 127 5.7 4445.2 CapitaLand 300 unch 301/298 340 280 12 3 *****.7 CapitaMall Trust 192 +2 192/189.5 225 187
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      Lock icon MOST ACTIVE
      35 8 VOLUME Noble 59,138,600 Equation W*****2 51,644,600 Golden Agri-Res 40,627,200 Ezra 40,436,200 Spackman 33,766,900 Market volume 1,619,823,000 VALUE DBS Grp 102,894,828 Singtel 82,084,975 UOB 54,728,937 Keppel Corp 34,027,337 Ascendas Reit 32,118,955 Market value 971,224,000
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      Lock icon SGX ETFS
      110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 296 -1 389 298/295 303/254 296/297 DBXT MSRussia US$ US242 -2 80 243/242 253/129 244/245 Nikko AM STI ETF 303 cd +1 61 303/302 309/259 302/303 7.3 IS MS INDIA US$ US660 -7 59
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      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 20 VALUE CLOSE BT OB/OS -345.00 -70.00 BT CADI -*****.00 -69.00 BT 10-day MA -*****.00 -35.00 FTSE ST Mid Cap 678.96 -0.63 FTSE ST Small Cap 378.69 -2.36 FTSE ST All Share 710.06 -0.89 FTSE ST China Top 159.58 -0.91 FTSE ST China 204.59 +0.27 FTSE
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      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Dec 20,2016 710.06 -0.89 (-0.13%) Current streak 2 days Day high 713.21 Day low 708.77 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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      33 8 STI MSCI EAFE MSCI EAFE Index Dec 19,2016 1,674.45 +5.85 (+0.35%) Current streak 2 days Day high 1,679.16 Day low 1,669.95 52-week high 1,734.72 (Sept 7, 2016) 52-week low 1,492.43 (Feb 12, 2016)
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 6 0 1 0 4 6 6 Manufacturing 32 45 27 4 13 13 36 58 40 Commerce 16 22 3 1 5 3 17 27 6 Tpt/Stor/Comms 6 13 6
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      Lock icon SECURITIES TRADING TURNOVER
      124 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,896 360 16,256 60,328 54 60,382 Manufacturing 91,340 42,650 133,990 99,746 1,965 101,712 Commerce 96,001 18,683 114,684 60,002 284 60,286 Tpt/Stor/Comms 92,378 629 93,007 133,751 56 133,807 Finance 16,734 173 16,907 205,055 24 205,080 Construction
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      Lock icon GAINERS
      71 8 BY CENTS CLOSE UP 52w high/low JMH USD 5427 39.0 0.5 6371/4669 DBXT S&P500 US$ 3952 26.0 0.5 3963/3126 Hyflux 6% CPS 9426 16.0 0.2 *****/9100 Koda 82 10.0 13.9 82/37 CityDev 812 8.0 1.0 924/661 BY PERCENTAGE CLOSE UP 52w high/low SinoCloud 0.2 100.0 0.1 0.4/0.1 Metech Intl
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      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -172.0 -1.0 *****/***** DBXT MSAsExJp US$ 3313 -146.0 -3.0 3633/2772 GLD US$ ***** -101.2 -0.6 *****/***** DBXT Vietnam US$ 2123 -53.5 -1.7 2533/2017 Lyxor MS India US$ 1439 -43.4 -2.0 1630/1331 BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBeCW16 1.4
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      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Tung Lok Rest 232.9 0.105 +0.013 +14.13 YZJ Shipbldg RMB 0.1 4.180 -0.270 -6.07 Serrano 2,100.3 0.003 -0.001 -25.00 Goodland 359.6 0.260 +0.025 +10.64 Luxking 5.0 0.350 -0.100 -22.22 Sabana Reit 6,394.6 0.455 -0.050 -9.90 C&G Env Protect 5,372.1 0.109 +0.010 +10.10 SinoCloud 1,500.0 0.002
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    • BROKERS’ TAKE
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        Lock icon Cache Logistics Trust | Neutral
        423 8  - Cache Logistics Trust Neutral Compiled by Kenneth Lim Target price: S$0.78 Dec 20 close: S$0.825 Phillip Securities Research, Dec 20 Cache Changi Districentre 3, which is located at 6 Changi North Way, was one of two maiden acquisitions for Cache after its listing in April 2010. The two maiden acquisitions
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      21 8 DATA I Dec 21 US MBA Mortgage Applications I Dec 22 US Initial Jobless Claims US Personal Income and Outlays
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      Lock icon US$ bounces back towards 14-year highs
      434 9 CURRENCIES REUTERS London THE dollar bounced back towards 14-year highs on Tuesday, boosted by upbeat comments by the chair of the Federal Reserve that kept alive market expectations for a faster pace of US interest rate hikes next year than had previously been forecast.
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    • FOREX RATES
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        2 9
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        Lock icon INTERBANK CROSS RATES
        471 9 Dec 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.973 5.044 0.698 5.635 49.261 97.310 0.857 8.657 3.251 1.048 76.066 36.282 1.049 10.244 0.746 23.222 26.073 0.586 0.726 Canada 1.027 5.182
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        2 9
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        Lock icon INTERBANK CURRENCY RATES
        155 9 Dec 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0486 1.0496 0.7254 0.7259 Canadian dollar 1.0776 1.0781 0.7456 0.7455 Euro 1.5023 1.5034 1.0393 1.0398 NZ dollar 1.0009 1.0016 0.6924 0.6927 Sterling pound 1.7900 1.7910 1.2383 1.2387
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        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 20 S$ Bid Offer 1-month 1.4457 1.4463 2-months 1.4458 1.4463 3-months 1.4458 1.4465 6-months 1.4458 1.4466 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
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        Lock icon SGX DERIVATIVES TRADING
        386 9 Dec 20 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.50 *****.00 9877.50 9912.50 *****0 *****8 Jan17 *****.50 *****.00 9912.50 9937.50 ***** ***** NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****1 Jun17 *****.00 *****.00 *****.00 *****.00 9 327 MSCI TAIWAN
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        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 9 Most active Dec 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.4 unch ***** 1 1 27 2.75 8 OCBC Bk MB eCW*****2 10.4 -0.1 3800 0.1 950 10 DBS MB eCW*****0 8.3 -0.8 2879
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        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 19 Index Change Change Change Change Change Change World Preliminary 1372.2 0.1 7.4 0.2 7.9 0.2 5.7 EAFE Preliminary 1036.3 0.0 2.3 0.3 -0.5 0.4 -2.4 Europe Preliminary 1457.2 0.0 3.2
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    • BANK RATES
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        Lock icon INTERBANK RATES
        154 9 Dec 20 $S Offer Bid 0vernight 0.05 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.50 US$ Offer Bid 7 days 0.80 0.70 1 month 0.95 0.75 2 months 1.00 0.80 3 months 1.10 0.90 6 months 1.40 1.20 9 months 1.60 1.40 12
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        Lock icon GOVERNMENT SECURITIES
        65 9 Dec 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.37 104.42 104.38 5-Year N*****0Z 1.250 01-Oct-21 96.72 96.79 96.78 10-Year NX*****F 2.125 01-Jun-26 96.74 96.85 96.82 15-Year NZ*****F 2.875 01-Sep-30 100.78 20-Year NZ*****X 2.250 01-Aug-36 91.38 91.70 91.70
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    • AGRI METALS ENERGY
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        Lock icon COMMODITY FUTURES
        250 9 Dec-19 Price Net change change Last Trade Agricultural Dec-19 CBOT Soybeans (US cents/bu) 1021.50 -15.25 -1.47% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.56 -0.18 -0.49% 13/01/2017 CBOT Wheat (US cents/bu) 405.00 -4.25 -1.04% 14/03/2017 Dec-19 LIFFE Cocoa (£/tonne) 1863.00 45.00 2.48% 16/03/2017 LIFFE Coffee (US$/tonne) 2158.00 61.00 2.91%
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      Lock icon SGX MAINBOARD
      1743 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 129 unch 582 129.5 128.5 0.9 8.8 822.1 C'vr 172.5 101 ARA Asset Mgmt 168.5 +0.5 1772
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      Lock icon SGX CATALIST
      325 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap HiBh LOW 14.2 4.5 t Alliance Mineral 9.1 unch ***** 9.7 9.1 43.7 Sale 19.9 8.3 t Anchor Resources 8.8 unch 868 9
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      Lock icon SGX ETF
      121 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US2952 -15 6 2970 2952 8.1 422 190 DBXT MSBrazil US$ US346 -8 58 348 345 Low Div C'vr 222.5 158.5 DBXT
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      177 5 afri rewards r r 3 go diriot get rewards Your newspaper subscription comes with exciting rewards Discover more exclusive perks and exciting deals at www.sphrewards.com.sg THE STRAITS TIMES LIANHE ZAOBAO THE BUSINESS TIMES BERITA HARIAN SHIN MIN LIANHE WANBAO TAMIL MURASU I III SIHMISIIMIS -at Not a direct SPH subscriber?
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      281 6 InvestorRelationsHighlights CMC Infocomm awarded three contracts worth a total of S$7.8 million CMC Infocomm Limited announced on 13 December 2016 that it has been awarded three contracts worth a total of S$7.8 million, bringing the Group’s total order book to approximately S$23.9 million. The Contracts are in relation to the
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      39 6 u In the work environment, he comes across as hard, efficient and tough... But he’s mushy, like marshmallow, inside.” Philip Yeo’s son Eugene on his father in Neither Civil Nor Servant. Now on sale at leading bookstores and www.stpressbooks.com.sg
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      108 7 Relax. Your weekend is here. vv jIPBBB < .a/ -^2:^ >.T-. -w the BUSINESS T||}ES «?*4£J$P?S Now you can enjoy THE BUSINESS TIMES Weekend edition every Saturday at your doorstep. dreams fthd/CK Sc THE THAT Hf OVER US I \\WHl B Subscribe now at btsub.sg/weekend or call 6388 3838. Terms
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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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  • REAL ESTATE
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      Lock icon Beijing faces test of reining in property speculation even when growth slows
      882 11 Greater stress on restraining property prices carries risks and does not fit with plans for more active fiscal policies BLOOMBERG Beijing CHINA is talking the talk about reining in the speculation that fuelled spiralling property prices. The test
      BLOOMBERG; PHOTO: BLOOMBERG  -  882 words
    • Article
      Lock icon Vanke sees US$10b erased as takeover battle loses sway
      459 11 BLOOMBERG Hong Kong SHARES of China Vanke Co are tumbling as a crackdown on leveraged buyouts complicates a takeover battle for the nation’s largest listed property developer. The Shenzhen-based company has plunged 23 per cent in Hong Kong this month, the
      BLOOMBERG  -  459 words
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      Lock icon Here comes the sun and it will cost you: Portugal
      348 11 AFP Lisbon PROPERTY? It’s location, location, location, as any real estate vendor and the Portuguese taxman will tell you. Under fiercely-contested fiscal changes which became law on Monday, people buying a home in Portugal that has an unspoilt sea view
      AFP; PHOTO: BLOOMBERG  -  348 words
    • Article
      Lock icon Soft property market in China will hurt Macau: Nomura
      413 11 BLOOMBERG Hong Kong FOR those wondering whether to raise or lower bets on Macau’s VIP gaming business, look no further than China’s real estate market. According to Nomura Holdings Inc’s analyst Richard Huang, the two markets are “strongly correlated” and a
      BLOOMBERG  -  413 words
    • Article
      Lock icon Additional post-quake checks for 70 Wellington buildings
      309 11 BLOOMBERG Wellington, New Zealand WELLINGTON City Council has ordered the owners of 70 inner-city buildings to undertake further engineering inspections in the next eight weeks, following earthquakes that rocked New Zealand’s capital last month. The buildings include office towers, hotels and apartment blocks
      BLOOMBERG  -  309 words
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  • BANKING & FINANCE
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      Lock icon Lloyds to buy BOA’s UK credit-card unit for £1.9b
      655 12 The British bank forecasts some 17% underlying return on investment in second full year after MBNA’s acquisition BLOOMBERG London LLOYDS Banking Group plc agreed to buy Bank of America Corp’s (BOA) MBNA credit-card business in the UK for £1.9 billion (S$3.4
      BLOOMBERG  -  655 words
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      Lock icon Secondary trading in shares of hot startups making a strong comeback
      1005 12 REUTERS San Francisco AFTER the debacle that preceded the initial public offering of Facebook Inc in 2012, when the company’s stock changed hands at wildly varying prices and with little oversight, the market in secondary trading in shares of
      REUTERS; PHOTO: REUTERS  -  1,005 words
    • Article
      Lock icon Platinum Partners executives charged with running US$1b fraud
      605 12 REUTERS New York TOP executives of New York-based hedge fund manager Platinum Partners were arrested on Monday and charged with running a US$1 billion fraud that federal prosecutors said became “like a Ponzi scheme” as its largest investments lost much of their
      REUTERS  -  605 words
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      67 12 Hospitality Investment Conference Philippines 16 -17 February 2017 Fairmont Makati. Manila. Philippines www.hicp.sphereconferences.com ijjptv l ITWi V 1 t Cyiewf Hospitality Hospitality Hospitality Investment Conference Investment Conference Indonesia Vietnam Hospitality Myanmar O 15 May 2017 Hospitality Hospitality Investment Conference Investment Conference CLMVT Indian Ocean 16 17 August 2017 www.sphereconferences.com For
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      213 12 Join us for a 3 hour seminar and you’ll discover Why market moves Market Action 101 Understand the various moods of market and benefitting from the mood swings the key to profit from Unusual Market Moves Know when you SHOULD and SHOULDN’T invest in the market How to profit from
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      47 12 i'< ST JOBS CAREER& DEVELOPMENTS ARE YOU HIRING? Take your pick from uniquely skilled job candidates at the eagerly anticipated job fair. r 25 26 March 2017 10am 6pm Suntec Singapore, Hall 403 404 Book Your Booth Now! Call 6319 8877 or email customercare@stjobs.sg AN Sfll EVENT
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  • ENERGY & COMMODITIES
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      Lock icon BP goes on US$3b spending spree
      682 13 CEO says worst is over as Europe’s No 3 oil company seals a string of deals and targets growth next year BLOOMBERG London BP PLC is piling up assets with more than US$3 billion of deals in three days, as chief executive officer Bob
      BLOOMBERG; PHOTO: REUTERS  -  682 words
    • Article
      Lock icon Iran’s Opec win lacks substance without real deals with oil giants
      727 13 BLOOMBERG Dubai FEW countries have benefited from the oil market’s 2016 recovery like Iran. Since sanctions on its economy were eased in January, the Persian Gulf producer has doubled exports as prices rallied and won approval from the Organization
      BLOOMBERG  -  727 words
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      2158 13 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg ATTILAN GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6459N) NOTICE OF EXTRAORDINARY GENERAL MEETING The terms and expressions not defined herein have the same meanings as ascribed to them in the Company’s circular dated 21 December 2016 (the
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  • TECHNOLOGY
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      Lock icon Zuckerberg builds software butler for his home
      737 14 Artificial intelligence-imbued Jarvis can be made to control lights, music, security and appliances, among others AFP San Francisco MARK Zuckerberg’s software “butler” imbued with artificial intelligence (AI) named Jarvis is now in service, and even plays with his family, the Facebook chief said
      AFP  -  737 words
    • Article
      Lock icon Goldman, JPMorgan to invest in blockchain startup Axoni: sources
      365 14 REUTERS New York GOLDMAN SACHS Group Inc, JPMorgan Chase Co and a group of other financial institutions including inter-dealer broker ICAP plc’s venture arm are finalising an investment in blockchain startup Axoni, people familiar with the deal said this week. The
      REUTERS  -  365 words
    • Article
      Lock icon Sony said to have invested in Italian rival to Apple’s iTunes
      219 14 BLOOMBERG Milan SONY Pictures Entertainment Inc has acquired a minority stake in Chili SpA, an Italian video-on-demand platform whose investors include some of the biggest Hollywood film studios, according to people familiar with the matter. Sony bought about 5
      BLOOMBERG  -  219 words
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      Lock icon Nintendo’s debut smartphone game draws flak
      885 14 BLOOMBERG Tokyo NINTENDO Co’s debut game for smartphones is turning out to be anything but super. Since its release for Apple Inc devices on Thursday, Super Mario Run has shot to the top of download charts in more than 100 countries as tens of
      BLOOMBERG; PHOTO: BLOOMBERG  -  885 words
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      135 14 NOTICES PREMIUM EAGLE INTERNATIONAL LTD. (In Voluntary Liquidation) Company No. *****11 NOTICE is hereby given pursuant to Section 204 (1)(b) of the BVI Business Companies Act, 2004 that the company is in voluntary liquidation. The voluntary liquidation commenced on 4th October, 2016. The liquidator is Matthew Boyd of 89C Geylang
      135 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Murdoch denies trying to influence UK prime ministers
      429 15 REUTERS London RUPERT Murdoch said on Monday that he had never asked a British prime minister for anything, seeking to play down his influence ahead of what is likely to be a politically charged approval process for his US$14.6 billion bid for
      REUTERS  -  429 words
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      Lock icon Alibaba lawsuit throws spotlight on ‘brush ers’ gaming rankings
      829 15 They allegedly link merchants with people who falsify purchases and write positive comments BLOOMBERG Hong Kong A LAWSUIT filed by Alibaba Group Holding Ltd is shining a light on the fake reviews and purchases on its websites. China’s biggest e-commerce operator
      BLOOMBERG; PHOTO: BLOOMBERG  -  829 words
    • Article
      Lock icon Japan to review drug prices annually rather than every 2 years
      356 15 REUTERS Tokyo THE Japanese government plans to start reviewing drug prices every year, instead of every two years, to try to reduce mounting healthcare costs, government officials with direct knowledge of the decision said on Monday. The move reflects
      REUTERS  -  356 words
    • Article
      Lock icon BMW to receive 3m yuan after winning China trademark case
      247 15 REUTERS Shanghai A COURT in Shanghai ordered two Chinese firms and the founder of one of them to pay carmaker BMW three million yuan (S$624,000) for registering trademarks similar to that of the German firm, the Shanghai Daily reported on
      REUTERS  -  247 words
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      949 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg SINGAPORE POST LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****1623M NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 21 December 2016 issued by Singapore
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      194 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SING-EVERGREEN PTE. LTD. Company Registration No. *****4563G (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final Meeting of members of
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      127 15 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding-up No. 214 of 2016 In the Matter of the Companies Act, Chapter 50 AND In the Matter of TERRA VIVENDI PTE LTD (Registration No. *****0358D) NOTICE TO CREDITORS OF FIRST MEETING Notice is hereby given that the first meeting
      127 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Yellen sees economic gains benefiting majority
      800 16 A healthy labour market contributes to higher wages and raises living standards, she says in speech to graduating students at the University of Baltimore BLOOMBERG NY TIMES Washington FEDERAL Reserve chair Janet Yellen said that economic gains are finally raising living standards for most
      BLOOMBERG; NY TIMES  -  800 words
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      Lock icon Scotland plans fresh vote if it is left out of Brexit talks
      633 16 Nicola Sturgeon’s govt seeks to forge its own path with the EU, keeping access to free trade and labour BLOOMBERG Edinburgh SCOTLAND set out its vision for remaining in Europe’s single market after vowing to seek independence from
      BLOOMBERG; PHOTO: AFP  -  633 words
    • Article
      Lock icon UK retail sales surge over Black Friday
      183 16 REUTERS London BRITISH retail sales grew at their fastest rate in more than a year during the last week of November and the first two weeks of December, a survey by the Confederation of British Industry (CBI) showed on Tuesday. However, the trade
      REUTERS  -  183 words
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      Lock icon European Commission accuses Facebook of giving misleading information during WhatsApp takeover
      449 16 REUTERS Brussels THE European Commission has charged Facebook Inc with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of one per cent of its turnover. The statement of
      REUTERS; PHOTO: AFP  -  449 words
    • Article
      Lock icon Italy lays groundwork for US$21b aid plan for ailing banks
      477 16 BLOOMBERG Rome THE Italian government moved closer to a potential rescue of lenders including Banca Monte dei Paschi di Siena SpA by seeking permission from Parliament to increase the nation’s public debt by as much as 20 billion euros (S$30
      BLOOMBERG  -  477 words
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      Lock icon Modi’s cash ban hits US$1 trillion hidden economy
      1104 17 Many of the hardest-hit are workers in India’s vast and intricate informal economy BLOOMBERG Mumbai IN Prime Minister Narendra Modi’s political base of Varanasi, Hinduism’s holiest city, weaver Zainul Abedin stares at the uneven mud floor of his home. Behind him, more
      BLOOMBERG; PHOTO: AFP  -  1,104 words
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      Lock icon Trump wins US Electoral College vote despite Republican detractors
      769 17 President-elect garners more than the 270 electoral votes required to win REUTERS Austin, Texas REPUBLICAN Donald Trump prevailed in US Electoral College voting on Monday to officially win election as the next president, easily dashing a long-shot push by a small
      REUTERS; PHOTO: REUTERS  -  769 words
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  • TRANSPORT
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      Lock icon EU Parliament courting disaster by undermining IMO
      1064 18  -  including shipping in the Emissions Trading System would create market distortion, generate trade disputes with China and other Asian nations STRAIT TALK BY DAVID HUGHES THE European Parliament could vote early in the New Year to include shipping in the EU Emissions Trading
      1,064 words
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      Lock icon Price war in Indian skies threatens to erase carriers’ gains from cheap oil
      840 18 BLOOMBERG New Delhi AIR travellers globally are bracing for higher fares after OPEC decided last month to cut output. Not in India, the world’s fastest-growing major aviation market. Carriers cut fares in November, selling tickets about 12
      BLOOMBERG; PHOTO: FILE  -  840 words
    • Article
      Lock icon Uber Q3 loss more than US$800m: source
      398 18 WP Washington EVEN as Uber Technologies Inc exited China, the company’s financial loss has remained eye-popping. In the first nine months of this year, the ride-hailing company lost significantly more than US$2.2 billion, according to a person familiar with the matter. In the
      WP  -  398 words
    • Article
      Lock icon MH370: Investigators suggest extending search further north in Indian Ocean
      611 18 REUTERS Kuala Lumpur INVESTIGATORS searching for Malaysia Airlines flight MH370 have recommended extending the search by 25,000 square kilometres, to an area further north in the Indian Ocean, after conceding for the first time they were probably looking in the
      REUTERS  -  611 words
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      165 18 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE BUSINESS PLAN 2017 The following Feeder Operators wish to inform the trade of their Business Plan for 2017. In the first quarter of 2017, they will be implementing a Rate Restoration as follows: For List “A” Ports ports in Cambodia, Indonesia, West
      165 words
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      1897 19 C a i l a n B r i s b a n e E n n o r e J e d d a h Shanghai Chittagong ~Ho Chi Minh H o n g J e b e l A i K o NYK RORO (ASIA) PTE. LTD. n
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      245 19 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 152 BST039 22/12/2016 23/12/2016 Buatan/Buatan DAILY Marco Polo 122 PRW015 22/12/2016 23/12/2016 Pelindo/Perawang DAILY Marco Polo
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  • OPINION
    • Article, Illustration
      Lock icon The Great Depression that didn’t happen
      860 20  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington THERE is no mystery about Barack Obama’s greatest presidential achievement: He stopped the Great Recession from becoming the second Great Depression. True, he had plenty of help, including from his predecessor,
      THE WASHINGTON POST WRITERS GROUP  -  860 words
    • Article
      Lock icon More to Russian-Japanese onsen summit than meets the eye
      524 20 EDITORIAL RUSSIAN President Vladimir Putin has the calculated approach of a chess master when it comes to foreign policy, and Japanese Prime Minister Shinzo Abe is not without skill in this regard. So why would the two embark upon what has
      524 words
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      Lock icon 2016 – A tumultuous year of revolt against the elites
      1352 20  - 2016 A tumultuous year of revolt against the elites To bring trust back into the relationship between those in power and masses, governments need to purposively deal with people’s resentments, fury and fears. BY EUGENE KB TAN BY EUGENE KB TAN T The writer is associate professor of law at
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      Lock icon Innovation does not happen by chance, innovation governance is needed
      982 21  -  COMMENTARY By Thomas Menkhoff T The writer is professor of organisational behaviour and human resources at the Lee Kong Chian School of Business, Singapore Management university (SMU), and academic director of SMU’s Master of Science in innovation programme. ONE approach
      982 words
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      Lock icon A monumental year for climate change
      825 21  -  COMMENTARY By Gautam Jlndal, Mellssa Low TThe writers are research associates at the Energy Studies institute, National University of Singapore. AS 2016 comes to a close, the World Meteorological Organization has confirmed that the year will be the hottest ever, breaking the record set
      825 words
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      Lock icon Manufacturing 2020: Rise of the Machines
      871 21  -  Ultimately, artificial intelligence will drive incredible value to customers. customers.BY KC ONG TThe writer is senior vice-president, EMS Operations at Jabil THE United States-based think tank Economic Policy Institute estimates that the US lost five million manufacturing jobs between 2000 and 2014. This fact
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      Lock icon Euro could well be favoured over the dollar in 2017
      621 21  -  By Paul Donovan T The writer is global chief economist at ubs wealth Management. WITH the US Federal Reserve raising interest rates, and president Mario Draghi of the European Central Bank seemingly unable to escape his addiction to quantitative policy
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  • Page 20 Miscellaneous
    • Miscellaneous
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      140 20 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)
      140 words
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  • LIFE & CULTURE
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      Lock icon Storied restaurant in Bloomingdale’s makes last pit stop
      1075 22 NYTIMES New York THE train expert from the New-York Historical Society took a seat in a restaurant that looks like a dining car on a train. It only looks like a dining car. There is no engine at one end and no
      NYTIMES; PHOTO: NYTIMES  -  1,075 words
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      Lock icon Make mine hot choc and wine
      617 22  -  The must-have drink of winter 2016 is shaping up to be piping hot chocolate with swirls of red wine By Erin McCann NYTIMES New York FROSE? That’s a summer drink. Hot toddies, eggnog, mulled wine? Please, those are for your parents. No, no, the
      NYTIMES; PHOTO: NYTIMES  -  617 words
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      Lock icon New study slams advice against sugar consumption
      747 22 NYTIMES New York A PROMINENT medical journal on Monday published a scathing attack on global health advice to eat less sugar. Warnings to cut sugar, the study argued, are based on weak evidence and can’t be trusted. But the review, published in The
      NYTIMES  -  747 words
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      Lock icon Romanee Conti from 1993,1976 vintages lead Sotheby’s auction
      375 22 BLOOMBERG London SIX bottles of Romanee Conti 1993 Domaine de la Romanee Conti sold for £61,000 (S$ 110,000) at a Sotheby’s sale in London on Dec 14, while another six bottles of the same grand cru producer’s 1976 vintage fetched £32,900 in
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  • Page 22 Miscellaneous
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      312 22 CRYPTIC CROSSWORD Across 1 Stranded, like Noah on Ararat? (4,3,3) 6 Stone in ring friend’s put on (4) 10 Dance band’s leader entering strange area (5) 11 Leading up to concert’s finale, playing a tuba, who would you like? (4,5) 12 Yellow bird (7) 13 Hot? Bower provides shelter (7)
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  • Page 23 Advertisements
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      29 23 Current Affairs Special How SMEs and Digital Economy—can digital technology help SMEs transform? Catch the video series on zaobao.sg Supported by： Series sponsor： Chinese programme with English subtitles http://bit.ly/zb-it-matters
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  • EXECUTIVE MONEY
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      Lock icon New fund wants quantifiable impact
      1309 23  -  US$2b Rise has a series of strict social impact metrics by which to measure what it achieves. BY ANDREW ROSS SORKIN NY TIMES “THERE is a lazy mindedness that we afford the do-gooders.” That was Bono, the musician turned activist turned investor, lamenting the pitfalls
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      Lock icon JP Morgan Asset Management sees EMs doing better than expected
      1193 24  -  It says investors shouldn’t rely on a static 60/40 portfolio to deliver an 8 per cent return. BY GENEVIEVE CUA gen@sph.com.sg @GenCuaBT SENTIMENT and fund flows may have soured lately over the emerging markets (EMs), but JP Morgan Asset Management
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      Lock icon US reflation seen having mixed impact on Asean economies
      948 24 Funding squeeze from Fed tightening won’t be as bad as in 2013 but growth spillover won’t be as good as in 2004. BY DEYI TAN COMMENTARY THE outcome of the US presidential election has led to market expectations of a reflationary
      Source: CEIC, IMF, Morgan Stanley Research; Note: Asean5 comprises Indonesia, Malaysia, the Philippines, Singapore, and Thailand.; Source: CEIC, Morgan Stanley Research  -  948 words
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