The Business Times, 20 December 2016

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Total Pages: 24
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 Tuesday, December 20, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    220 1 Even as Singapore made several strides towards cementing its status as a hub for LNG in 2016, the longerterm ambition of gaining pricing dominance in the super-cooled gas remains out of reach at least for now. top stories 2 British bosses plan to keep hiring while they still
    220 words
  • Article, Illustration
    Lock icon Just do it? Not for small Singapore retailers selling Nike gear
    834 1  -  Smaller sports shops cry foul as top-selling sports brand gives them the boot in apparent cost savings By Judith Tan juditht@sph.com.sg @JudithTanBT Singapore SMALLER sports shops are crying foul. Top sporting brand Nike will not be supplying to them
    PHOTO: JUDITH TAN  -  834 words
  • Article
    Lock icon MARKETS
    26 1 Monday Change STI 2,913.08 -24.78 KL Comp 1,634.30 -3.49 Nikkei 225 19,391.60 -9.55 Hang Seng 21,832.68 -188.07 Shenzhen B 1,130.09 -4.13 Dow(10.45am EST) 19,906.90 +63.49
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  • Article, Illustration
    Lock icon 2016 SGD bond market slowest in six years
    387 1  -  The SGD bond market had its slowest year since the decade began with S$19.28 billion worth of deals as investors’ appetite was reined in by a slew of defaults from the oil and gas sector and volatile financial markets due to political
    Source: Bloomberg; Source: DB5; Source: DBS; Compiled by BT  -  387 words
  • Article
    Lock icon Ringgit slips to 1998 low against US$
    670 1  -  Analysts looking at 4.80 mark by middle of 2017 as capital outflows exact a toll By Pauline Ng btworld@sph.com.sg Kuala Lumpur AS THE ringgit slipped to 4.48 to the US dollar a level last seen during the Asian financial crisis of 1998 a
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  • TOP STORIES
    • Article, Illustration
      Lock icon Immature spot market a hurdle to Singapore’s bid for LNG pricing dominance
      1332 2  -  The Republic will have to wait a few years before it can climb to the top of the heap to be a world-class LNG hub REVIEW 2016 By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore EVEN as Singapore made several
      Source: Wood Mackenzie  -  1,332 words
    • Article, Illustration
      Lock icon An eventful year for Singapore politics
      1182 4  -  PAP retained Bukit Batok in by-election, there were a couple of health scares to endure, and Singapore mourned the loss of its longest-serving president REVIEW 2016 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AFTER the high of the general election and Singapore’s golden jubilee celebrations
      PHOTO: AIDAN LOO/THE BUSINESS TIMES; PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES; PHOTO: PHYLLICIA WANG/THE STRAITS TIMES  -  1,182 words
    • Article
      Lock icon UK firms glum on dearth of skills in post-Brexit job market
      455 4 A lack of domestic training means that UK businesses are anxious about staying competitive. The biggest concerns are retaining access to highly skilled migrants and having sufficient labour to plug shortages. BLOOMBERG London UK bosses plan to keep hiring
      BLOOMBERG  -  455 words
    • Article
      Lock icon BOJ’s actions on Tuesday could decide yen’s course from here on
      573 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo DATA published on Monday suggested that Japanese exports are benefiting strongly from a sliding yen. But Bank of Japan (BOJ) policymakers who are due to end a two-day regular meeting on Tuesday are likely
      573 words
    • Article
      Lock icon Talk of Cosco Singapore delisting back in spotlight
      391 5  -  This comes as China Cosco Shipping unveils consolidated shipbuilding arm, Cosco Shipping Heavy industry By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore RESTRUCTURING at Cosco Shipyard Group Co’s parent shipbuilding group puts the possible delisting of Cosco Corporation (Singapore), which went on trading
      391 words
    • Article, Illustration
      Lock icon Lagarde found guilty of negligence; verdict could push her out of IMF
      757 5 NYTIMES REUTERS Paris CHRISTINE Lagarde, the managing director of the International Monetary Fund (IMF), was found guilty on Monday of criminal charges linked to the misuse of public funds during her time as France’s finance minister, a verdict
      NYTIMES; REUTERS  -  757 words
    • Article
      Lock icon Trump tweets on China ‘more dangerous than funny’: media
      323 5 AFP Beijing CHINESE state media said on Monday that US President-elect Donald Trump’s diplomatic inexperience could spark a confrontation between the two nations, while one newspaper termed him unfit to lead a superpower. They were commenting on Mr Trump’s response to
      AFP  -  323 words
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      228 2 J*0 orms IR8A/IR21 Remunerate ReDortinn Workshon 2017 Tuesday, 10 January 2017 Singapore Marriott Tang Plaza Hotel Forms IR8A (Return of Employee's Remuneration) and IR21 (Notification of a Non-Citizen Employee's Cessation of Employment or Departure from Singapore) are important statutory tax returns. Employers are expected to accurately prepare these forms for
      228 words
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      Lock icon Page 2 Advertisements Column 2
      82 2 RUPA MEHTA Senior Manager Ernst Young LLP CHICAGO GLOBAL New Year means new goals and new resolutions. It's time to challenge yourself to set new and stretching goals for 2017. Get ready. Our Executive MBA program will take you to the next level. Chicago Booth Executive MBA Program Asia Schedule
      82 words
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      117 3 ROLEX THE DATEJUST 41 The new generation of the essential classic, with a new movement and design that keep it at the forefront of watchmaking. It doesn’t just tell time. It tells history. V nil I* 'BO/ m ROLEX OYSTER PERPETUAL DATEJUST 28 A N SUPERLATIV CHRONOMETER OFFICIARY CERTIFIED (A
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      14 5 ‘Unpresidented’ tweets get under the skin of the Chinese, The Bottom Line, Page 20
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  • COMPANIES & MARKETS
    • Article
      Lock icon Bank stocks rerated amid challenging conditions
      979 6  -  HOCK LOCK SIEW BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT IT’S puzzling to see a sharp turnaround in Singapore banks’ share prices: They have gone from underperforming to outperforming since November, although fundamentally nothing on the economic front has changed. In fact, there are many
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    • CORPORATE DIGEST
      • Article
        Lock icon Geo Energy Resources
        74 6 COAL mining group Geo Energy Resources has agreed to supply global commodities group Engelhart CTP (Singapore) with at least seven million tonnes of coal next year under an earlier-agreed offtake agreement. Geo Energy Resources will receive a prepayment of US$40 million for 2017 in conjunction with this
        74 words
      • Article
        Lock icon Cache Logistics Trust
        69 6 CACHE Logistics Trust has signed a deal with Agility International Logistics for the proposed divestment of Cache Changi Districentre 3 for S$25.5 million. Cache Changi Districentre 3, located in the Changi International LogisPark (North), has a remaining land lease of about 17 years. It is a multi-tenanted,
        69 words
      • Article
        Lock icon Thakral Corporation
        95 6 GTH Resorts group of entities, a joint venture between the subsidiaries of Thakral Corporation and Australian retirement homes operator Living Gems Lifestyle Resorts, has launched its GemLife brand for resort-style retirement housing. The joint venture will be developing resort-style retirement communities under this brand. Its first two communities,
        95 words
    • Article
      Lock icon ST Marine, Penguin to build vessels for SCDF
      446 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SINGAPORE Technologies Marine (ST Marine) has, in a joint bid with Penguin International, won the first shipbuilding contract awarded by the Singapore Civil Defence Force (SCDF) for three rescue vessels. Neither ST Marine nor Penguin
      446 words
    • Article
      Lock icon Swiber units ordered to suspend India projects
      224 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SWIBER Holdings on Monday said that India’s state-owned Oil and Natural Gas Corporation (ONGC) has sent notices of suspension to its wholly owned unit Swiber Offshore Construction (SOC) and associated company Swiber Offshore India (SOI) in relation
      224 words
    • Article
      Lock icon Chinese savers snap up US dollars as yuan falls
      555 6 BLOOMBERG Hong Kong CHINESE savers, eager to convert their yuan before the currency keeps depreciating, are snapping up US dollar investment products that offer options for keeping money at home instead of sending it overseas. The latest wealth management products (WMPs)
      BLOOMBERG  -  555 words
    • Article
      Lock icon Market sceptics are alive and well in HK
      383 7  -  COMMENTARY By Quentin Webb T The author is a Reuters Breakingviews columnist. The opinions expressed are his own. Hong Kong MARKET sceptics are surprisingly healthy in Hong Kong. A scathing analysis from GMT Research claims that Evergrande needs to take 150 billion
      383 words
    • Article
      Lock icon SIA adding more flights for northern summer season
      252 7 Singapore TO MEET growing travel demand, Singapore Airlines (SIA) is bumping up flight frequencies for certain destinations in Australia, Europe, Southeast Asia and West Asia for the northern summer operating season. In Australia, flights to Melbourne will rise to 31 weekly, up
      252 words
    • Article
      Lock icon Award-winning stock picker who bought at market low returns to cash
      540 7 BLOOMBERG Tokyo AWARD-winning stock picker David Samra is boosting cash holdings close to their limit in a market he sees as lacking buying opportunities. Mr Samra, who oversees about US$55 billion for Artisan Partners, says that he increased cash
      BLOOMBERG  -  540 words
    • Article
      Lock icon O&M players have their backs to wall on tightening cash flows
      584 7  -  Ezra unit defaults on payment for charter hires guaranteed by parent company By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore EZRA Holdings and other small- to mid-cap listed offshore and marine counters face increasing cashflow pressure threatening their ability to
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist Straits Times Index Dec 19,2016 2,913.08 -24.78 (-0.84%) Current streak 1 day Day high 2,931.68 Day low 2,910.53 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Dec 19, 2016 435.55 -0.85 (-0.19%) Current streak 3 days Day high 439.90 Day
      64 words
    • Article, Illustration
      Lock icon Volume drops below S$1b as holidays kick in
      679 8  -  STI drops 24.78 points to 2,913.08, with falls in DBS, UOB and OCBC accounting for a combined 12 point loss TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE start of the week before Christmas saw trading volume dwindle from last week’s S$ 1.2
      Source: Bloomberg  -  679 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 231 unch 231/229 257 209 6.6 6480.5 CapitaCom Trust 148 -1.5 151.5/147.5 164 127 5.8 4386 CapitaLand 300 -2 303/300 340 280 12 3 *****.7 CapitaMall Trust 190 -0.5 192/190 225 187
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Spackman 110,554,300 Noble 97,953,000 Natural Cool 35,329,400 QT Vascular 34,824,400 Ezion 31,221,000 Market volume 1,861,912,000 VALUE Singtel 64,929,959 DBS Grp 62,077,676 UOB 59,756,973 Global Logistic 37,840,652 OCBC Bank 27,883,226 Market value 886,766,000
      35 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 19 VALUE CLOSE BT OB/OS -275.00 -85.00 BT CADI -*****.00 -59.00 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 679.59 -4.55 FTSE ST Small Cap 381.05 -0.97 FTSE ST All Share 710.95 -5.83 FTSE ST China Top 160.49 -0.23 FTSE ST China 204.32 +0.07 FTSE
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    • Article
      Lock icon SGX ETFs
      112 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 297 -1 614 299/296 303/254 296/298 IS MS INDIA US$ US667 -4 210 669/666 772/441 667/669 83.4 ABF SG Bond ETF 113.7 cd -1 204 115/113.7 120.1/112.1 113.7/114 519 DBXT MS SING US$ US112
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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 19,2016 710.95 -5.83 (-0.81%) Current streak 1 day Day high 715.42 Day low 710.95 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE MSCI EAFE index Dec 16, 2016 1,668.60 +4.24 (+0.25%) Current streak 1 day Day high 1,677.46 Day low 1,665.92 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 3 8 3 0 1 0 3 9 3 Manufacturing 31 42 30 9 7 11 40 49 41 Commerce 13 24 9 4 1 4 17 25 13 Tpt/Stor/Comms 8 11 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,621 422 13,043 43,113 65 43,178 Manufacturing 69,478 71,312 140,790 66,219 3,840 70,059 Commerce 133,863 12,128 145,991 62,636 259 62,895 Tpt/Stor/Comms 79,053 1 79,054 113,004 113,004 Finance 12,633 50 12,683 161,225 7 161,232 Construction 11,642
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE C&G Env Protect 6,538.4 0.099 -0.042 -29.79 Natural Cool 35,329.4 0.125 +0.028 +28.87 IP Softcom 19.1 0.025 +0.008 +47.06 Civmec 1,700.9 0.525 +0.055 +11.70 Brook Crompton 10.7 0.455 +0.135 +42.19 China Intl 747.8 0.450 +0.045 +11.11 Enviro-Hub 50.0 0.065 +0.006 +10.17 CEFC Intl 772.0 0.120
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 98.3 0.6 *****/***** Jardine C&C 4070 83.0 2.1 4520/3160 DBXT iBoxxIDR US$ 1050 34.7 2.3 1136/977 Brook Crompton 45.5 13.5 42.2 61.5/30 Hyflux 6% CPS 9410 10.0 0.1 *****/9100 BY PERCENTAGE CLOSE UP 52w high/low CMC Infocomm 5.6 60.0 2.1
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    • Article
      Lock icon LOSERS
      76 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -172.0 -0.5 *****/***** JMH USD 5400 -151.8 -1.9 6371/4669 DBXT Nifty US$ ***** -96.9 -0.5 *****/***** JSH USD 3251 -81.0 -1.7 3605/2524 DBXT China50 US$ 2967 -68.0 -1.6 3268/2355 BY PERCENTAGE CLOSE DOWN 52w high/low Hai Leck W*****3 0.4
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    • BROKERS’ TAKE
      • Article
        Lock icon Emerging Asia | Not rated
        452 8  - Emerging Asia Not rated Compiled by Kenneth Lim Bank of America Merrill Lynch, Dec 16 On external buffers, most of emerging market (EM) Asia is in better shape than during the 2013 taper tantrum: For potentially vulnerable countries, the external short-term debt to GDP ratio (or short-term debt to foreign
        452 words
    • Article
      Lock icon CALENDAR
      9 8 DATA I Dec 21 US MBA Mortgage Applications
      9 words
    • Article
      Lock icon Greenback steadies at near 14-year highs
      434 9 CURRENCIES REUTERS TT London THE US dollar steadied close to its highest levels in 14 years on Monday, underpinned by expectations that a fiscal expansion planned by US Presid-ent-elect Donald Trump will boost inflation and lead to a faster pace of interest rates hikes.
      REUTERS  -  434 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 19 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 5.067 0.697 5.666 49.419 97.617 0.856 8.651 3.268 1.046 76.499 36.465 1.055 10.208 0.748 23.325 26.163 0.584 0.730 Canada 1.027 5.207
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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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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 19 S$ Bid Offer 1-month 1.4459 1.4466 2-months 1.4459 1.4467 3-months 1.4459 1.4468 6-months 1.4461 1.4471 Source: OCBC
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Dec 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0546 1.0554 0.7295 0.7297 Canadian dollar 1.0836 1.0844 0.7498 0.7495 Euro 1.5125 1.5137 1.0462 1.0466 NZ dollar 1.0081 1.0092 0.6973 0.6978 Sterling pound 1.8057 1.8066 1.2490 1.2491
        155 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        380 9 Dec 19 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.00 *****.50 *****.00 *****.50 *****3 *****4 Jan17 *****.50 *****.50 *****.50 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****5 Jun17 *****.00 *****.00 *****.00 *****.00 3 327 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 9 Most active Dec 19 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 9.1 -1.4 3750 0.1 1950 7 Charisma EnergyServicesW*****8 0.4 unch 3000 1 0 -33 1.50 59 UOB MB eCW*****1 11.5 -0.6 2609 0.1 2250
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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 16 Index Change Change Change Change Change Change World Preliminary 1372.4 0.1 7.4 0.4 7.8 0.1 5.6 EAFE Preliminary 1036.5 0.3 2.3 0.6 -0.8 0.3 -2.8 Europe Preliminary 1457.1 0.2 3.1
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 19 $S Offer Bid 0vernight 0.02 Par 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.50 US$ 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Dec 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.38 104.42 104.36 5-Year N*****0Z 1.250 01-Oct-21 96.78 96.88 96.84 10-Year NX*****F 2.125 01-Jun-26 96.91 15-Year NZ*****F 2.875 01-Sep-30 100.91 101.15 101.15 20-Year NZ*****X 2.250 01-Aug-36 91.48 91.75 91.55
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Dec-16 Price Net change change Last Trade Agricultural Dec-16 CBOT Soybeans (US cents/bu) 1036.75 7.75 0.75% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.74 unch 0.00% 13/01/2017 CBOT Wheat (US cents/bu) 409.25 unch 0.00% 14/03/2017 Dec-16 LIFFE Cocoa (£/tonne) 1818.00 -5.00 -0.27% 16/03/2017 LIFFE Coffee (US$/tonne) 2097.00 26.00 1.26%
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    • Article
      Lock icon S’pore bond market faces S$22b refinancing bill
      678 10 Bankers expect restructuring and refinancing to remain as dominant themes for 2017 IFR Singapore SINGAPORE dollar bonds worth S$22 billion are callable or due to mature next year, exposing issuers and investors to refinancing risks as borrowing costs rise in the US. The
      IFR  -  678 words
    • Article, Illustration
      Lock icon Muddy Waters to target more HK-listed firms
      823 10 BLOOMBERG Hong Kong CARSON Block said he would seek out more Hong Kong-listed companies to target, after the prominent shortseller took aim at China Huishan Dairy Holdings Co with a report alleging that the US$4.9 billion dairy farm operator was “worth close to
      BLOOMBERG; PHOTO: BLOOMBERG  -  823 words
    • Article
      Lock icon SGX MAINBOARD
      1735 11 Transaction date: Dec 19 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 129 +2 123 129 127 0.9 8.8 822.1 C'vr 172.5 101 ARA Asset
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    • Article
      Lock icon SGX CATALIST
      296 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day LOW Div GrYld Net MCap HiBh LOW Company Sale 19.9 8.3 t Anchor Resources 8.8 unch 399 9.1 8.8 27.3 High C'vr P/E 10.2 6 t 3Cnergy 6
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    • Article
      Lock icon SGX ETF
      137 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US2967 -47 4 2995 2967 8.2 116.2 97.5 DBXT MS SING US$ US112 103 112 112 5.6 Day Low 6041 4629 DBXT
      137 words
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      Lock icon Page 6 Advertisements Column 1
      202 6 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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      150 7 Credit Suisse Entrepreneurial spirit is deeply rooted in our history. For 160 years this has embodied the culture of Credit Suisse. Today we are proud to introduce our new Managing Directors to carry forward Credit Suisse’s commitment to world-class advice and partnership. These leaders bring their tenacity, collaboration and entrepreneurial
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  • Page 10 Advertisements
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      34 10 Current Affairs Special How SMEs and Digital Economy—can digital technology help SMEs transform? Broadcast details 20 December 2016 9.35pm on StarHub TV E City CH111/825 ●10.00pm on zaobao.sg Chinese programme with English subtitles http://bit.ly/zb-it-matters
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Trump Tower – a world away from 1600 Penn
      1741 12 Trump Tower a world away from 1600 Penn Mr Trump is establishing his 58-storey colossus at 725 Fifth Avenue as a stage for his new role, potentially nipping at Washington’s reputation as the centre of American authority WP New York THE world’s power address du jour is a sheath of
      WP; PHOTO: AFP  -  1,741 words
    • Article, Illustration
      Lock icon China home-price growth slows in November as property curbs dent demand
      480 12 BLOOMBERG Shanghai CHINA’S overheated property market continued to cool in November as authorities rolled out renewed home-buying curbs to deflate a housing bubble. New-home prices, excluding gov-ernment-subsidised housing, gained from the previous month in 55 of the 70 cities
      BLOOMBERG; PHOTO: AFP  -  480 words
    • Article
      Lock icon Kenedix to buy 15% of M’sian Reit for 86m ringgit
      142 12 REUTERS Kuala Lumpur JAPANESE real estate asset manager Kenedix Inc will buy 15 per cent of Malaysian real estate investment trust AmanahRaya Reit for 86 million ringgit (S$28 million), the companies said on Monday. Kenedix will also buy 49 per
      REUTERS  -  142 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      116 12 WILKIE EDGE PRIME RETAIL OFFICE BLOCK IN COVETED DISTRICT 9 n r hi Estate Agents SALE OPPORTUNITY: A 2-level retail podium, 6-level office tower and 215 car park lots within a 12-storey integrated development An iconic Green Mark Gold landmark featuring high building specifications, eco-friendly features and multiple lushly landscaped
      116 words
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      24 12 Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • BANKING & FINANCE
  • Page 13 Advertisements
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      206 13 IN THE MATTER OF BITUTANK PTE LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) Company Registration No. *****4338M NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members and creditors of the abovementioned Company will be held at One Raffles Quay,
      206 words
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      153 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 NOTICE
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      95 13 NOTICE SC GLOBAL SC GLOBAL PTE LTD is the registered proprietor in Singapore of the trademark shown above. Members of the public are notified that SC GLOBAL PTE LTD will take appropriate action against any party who makes unauthorized use of its name, incorporates its registered trademark into a company
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon EU presses on with climate rules amid doubts over Trump’s aims
      887 14 European leaders think Washington will be making a big mistake by going back to the 20th Century BLOOMBERG Brussels AS US President-elect Donald Trump pledges to bolster industries blamed for global warming, the European Union (EU) is forging ahead
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    • Article
      Lock icon Opec deal gives investors biggest lift since slump
      647 14 BLOOMBERG New York INVESTORS are the most optimistic on oil since the slump began two-and-a-half years ago. Money managers boosted bets on rising West Texas Intermediate (WTI) crude prices to the highest level since July 2014, after the Organization of Petroleum Exporting
      BLOOMBERG  -  647 words
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      Lock icon Shuttered gold mine shows investor risks from Thai power grab
      907 14 Gen Prayuth suspends gold mining under Article 44 of the constitution BLOOMBERG Bangkok WHEN Thailand’s junta leader-turned-prime minister used his absolute power to suspend gold mining prompting an Australian miner’s shares to plummet 19 per cent in a single day
      BLOOMBERG  -  907 words
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      28 14 Which Upcoming BTO should I buy? Upcoming BTO Launches BTO Pricing Forecast BTO news Past BTO Launches BTO Buying Guide SRX .com.sg Right Home. Right Price. r srx.com.sg/hdb/BTO
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      15 14 bad zao M C-. ft mmmmi bit.ly/zb_kennethma Kenneth Ma: I choose Natalie Chinese Language Content
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      59 14 HOT PROPERTY Y 38,980/ 53,852SF. 1.5 sty Detach fty. High ceiling. Near future MRT canteen. 38yrs. Wide access road. SERIOUS! KAKI BT 5sty ltd pte B2 Terr. Land 5000sf Built in *****sf. Free parking. Front loading. New MRT/ No land rent/ No MCST. FACTORY SPACES FOR SALE Check out these
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  • TECHNOLOGY
    • Article
      Lock icon BlackBerry switches gears to join self-driving race
      524 15 Smartphone pioneer to focus on developing advanced driver assistance and autonomous vehicle technology REUTERS Ottawa CANADA’S BlackBerry Ltd will open an autonomous driving research center on Monday, as it tries to make itself an indispensable under-the-hood piece of the automotive industry’s weaponry in
      REUTERS  -  524 words
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      Lock icon Yahoo Inc’s security problems – a story of too little, too late
      1139 15 Yahoo Inc’s security problems a story of too little, too late REUTERS San Francisco IN the summer of 2013, Yahoo Inc launched a project to better secure the passwords of its customers, abandoning the use of a discredited technology for encrypting data known as MD5. It was too late. In
      REUTERS; PHOTO: REUTERS  -  1,139 words
    • Article
      Lock icon Apple fights 13b euro tax bill as EU lifts lid on case
      759 15 BLOOMBERG Cupertino, California APPLE Inc has set up a court battle with European Union (EU) competition watchdogs who ordered Ireland to claw back a record 13 billion euro (S$19.7 billion) in unpaid taxes from the iPhone maker. The
      BLOOMBERG  -  759 words
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      61 15 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! Call6747 4620 or Email to: sales@exhibitsinc.com.sg ComexITShow www.itshow.com.sg ORGANISED BY: All information are correct
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      28 15 u My rule is when you have to beg, borrow or steal, the best option is to steal.” Philip Yeo Now on sale at leading bookstores and www.stpressbooks.com.sg
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      83 15 A to O *r. *5* CHINESE NEW YEAR FAIR 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
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  • CONSUMER
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      Lock icon Diamonds, not marriage, are forever for China’s millennials
      728 16 BLOOMBERG Shanghai JILY Ji was 24 when she got her first diamond ring, a 2.5-carat solitaire given to her by her parents. In the three years since, the executive assistant from Shanghai has amassed a 15-piece diamond collection, including a ring, pendant
      BLOOMBERG; PHOTO: BLOOMBERG  -  728 words
    • Article
      Lock icon Virtual assistants expected to top VR headsets in holiday sales
      572 16 Analysts expect smartwatches to drive wearable sales, while drones being a niche product, may fly under the radar REUTERS London VIRTUAL assistants are set to pummel virtual reality headsets in the fight for consumer dollars this holiday season, while smartwatches
      REUTERS  -  572 words
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      Lock icon Snapchat is playing it cool with brands and stars
      1286 16 NYTIMES San Francisco THE musician Jay Sean has visited the headquarters of YouTube, Facebook and Twitter. Instagram has reached out to tutor him on the best time to post photos for maximum impact. But there is one social media service Sean
      NYTIMES; PHOTOS: NYTIMES, AFP  -  1,286 words
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      214 16 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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  • TRANSPORT
    • Article, Illustration
      Lock icon Regional jet makers eye China despite obstacles
      1003 17 They are up against competition from Chinese airline startups and a lack of details of new requirements on specific seat count and weight limits for the regional segment REUTERS Shanghai NEW rules governing Chinese airline startups are fuelling hopes at Embraer, Bombardier and
      REUTERS; PHOTO: REUTERS  -  1,003 words
    • Article
      Lock icon VW making progress in settlement negotiations: judge
      681 17 Resolution for three-litre vehicles would be major milestone for carmaker BLOOMBERG San Francisco A FEDERAL judge said Volkswagen AG has made “substantial progress” towards a settlement to get about 80,000 Audi, Volkswagen and Porsche vehicles with emis-sions-cheating three-litre diesel engines fixed or off
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    • Article
      Lock icon Etihad cutting jobs to reduce costs as growth slows
      220 17 BLOOMBERG Dubai ETIHAD Airways PJSC will eliminate jobs across several units, highlighting the pressure on carriers in the Persian Gulf to adapt to slowing growth after years of aggressive expansion. The Abu Dhabi-based company is undertaking “organisational reviews and restructuring” to
      BLOOMBERG  -  220 words
    • Article
      Lock icon Do we really want driverless cars?
      878 17  -  COMMENTARY By Jamie Lincoln Kitman T The writer, a lawyer, is the New York bureau chief for Automobile Magazine NYTIMES New York LOVE was in the air at President-elect Donald Trump’s summit meeting last week with tech executives. Alphabet, Google’s parent company, was really
      NYTIMES  -  878 words
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      419 17 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF SHRUTI-LAYA DANCE PTE. LTD. (Co. Reg. No. *****5448N) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at
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  • GOVERNMENT & ECONOMY
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      Lock icon China set for slower growth, tighter policy in 2017
      883 18 Government targets asset price bubbles; anticipated slowdown in world’s second-biggest economy comes at a time of heightened anxiety about yuan REUTERS Beijing CHINA’S economic growth is expected to cool in 2017 as its top leaders flag tighter monetary policy and further
      REUTERS; PHOTO: BLOOMBERG  -  883 words
    • Article
      Lock icon Australia averts AAA downgrade as budget keeps surplus ambitions
      515 18 But rating companies remain pessimistic about government’s projections BLOOMBERG Sydney AUSTRALIAN Treasurer Scott Morrison has bought himself some time after the nation’s AAA rating escaped a downgrade following a budget update on Monday. But he’s not out of the woods yet.
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      Lock icon Indonesia looks to slash zeroes off currency notes
      466 18 BLOOMBERG Jakarta INDONESIA’S central bank is reviving a plan to redenominate the currency of South-east Asia’s biggest economy despite the threat of market turmoil as the US steps up the pace of in-terest-rate increases. “Redenomination must be done while the economy is
      BLOOMBERG; PHOTO: REUTERS  -  466 words
    • Article
      Lock icon Trump’s infrastructure splurge would collide with skilled labour crunch in US
      818 18 REUTERS Washington PRESIDENT-ELECT Donald Trump’s drive to rebuild US roads, bridges, ports and other public works projects with a US$ 1 trillion infrastructure investment plan would come as the country faces a shortage of skilled labourers. Before any dirt
      REUTERS  -  818 words
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      Lock icon Japan’s Rust Belt counting on robonomics to run assembly lines
      1000 19 Astro Boy, Doraemon give robots a friendly image as Abe aims to make robotics a 2.4 trillion yen industry by 2020 BLOOMBERG Tokyo A WITHERING factory town in Japan’s Rust Belt is looking for revival through a dose of Prime
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,000 words
    • Article
      Lock icon Cyrus Mistry resigns from boards of Tata group companies
      437 19 REUTERS AFP BLOOMBERG Mumbai FORMER Tata Sons chairman Cyrus Mistry said on Monday that he was resigning from the boards of all Tata group listed firms but vowed to continue the fight to improve governance within the US$100 billion conglomerate. “Having
      REUTERS; AFP; BLOOMBERG  -  437 words
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      337 19 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 IN
      337 words
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      1818 19 FRASERS COMMERCIAL TRUST Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 8” Annual General Meeting ("AGM") of the unitholders of FRASERS COMMERCIAL TRUST ("FCOT", and the unitholders of FCOT, "Unitholders") will be held at Level 2, Alexandra Point, 438 Alexandra Road, Singapore *****8 on Monday, 23 January
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  • OPINION
    • Article
      Lock icon Aleppo: World must help, but only Syria can stop the carnage
      583 20 EDITORIAL THE images of destruction and slaughter from the ruins of the Syrian city of Aleppo, one of the world’s oldest continuously inhabited cities, are horrifying and should distress any human being. Bombs raining non-stop and indiscriminately on traumatised
      583 words
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      Lock icon The US Federal Reserve in the Age of Trump
      1528 20  -  A cloud of uncertainty hangs over President-elect Donald Trump, who has still not responded to the Fed’s recent rate hike, after lambasting chair Yellen’s dovish stance on the economy By Leon Hadar Washington IT became a sort of political ritual in
      PHOTO: AFP  -  1,528 words
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      Lock icon ‘Unpresidented’ tweets get under the skin of the Chinese
      838 20  -  THE BOTTOM LINE By Frank Ching TThe writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 DURING the American presidential campaign, Donald Trump did not disguise his admiration for the Russian leader Vladimir Putin and now, as
      838 words
    • Article
      Lock icon The dawn of taxation in the digital economy
      1006 21  -  COMMENTARY By Richard Mackender, Danny Koh T Richard Mackender is a tax partner and the indirect tax leader at Deloitte Singapore; and Danny Koh is a tax partner at Deloitte Singapore. THE retail sector is a major contributor to the growth of
      1,006 words
    • Article
      Lock icon China’s ‘One Belt, One Road’ initiative is gaining traction
      784 21  -  COMMENTARY By Shen Lan TThe writer is economist, China, at Standard Chartered WHILE still a confusing concept to some in the West, China’s “One Belt, One Road” (OBOR) initiative launched three years ago is now gaining significant traction. The ambitious project
      784 words
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      Lock icon ‘Country branding’ to take centre stage in key election year ahead
      1035 21 Some nations’ wish to promote specific goals may keep political consultants busy. 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. THE
      PHOTO: AFP  -  1,035 words
    • Article
      Lock icon Trump presidency is a threat to Iran nuclear deal
      627 21  -  By Norman Lamont T The writer is chairman of the British Iranian Chamber of Commerce and the UK Prime Minister’s trade envoy to Iran OMFIF London THERE are many known unknowns about US President-elect Donald Trump. Few are as important as
      OMFIF  -  627 words
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  • Page 22 Advertisements
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      996 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
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      Lock icon Hollywood golden age actress Zsa Zsa Gabor dies
      760 23 She would have turned 100 in February, says her publicist REUTERS Washington ACTRESS Zsa Zsa Gabor, who parlayed beauty, diamond-studded glamour and nine marriages into a long celebrity career, died on Sunday, Variety and other media outlets reported. She was 99. Ed
      REUTERS; PHOTO: AFP  -  760 words
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      Lock icon Scholar calls Sotheby’s Beethoven manuscript a fake
      945 23 NYTIMES London WHEN a 232-page handwritten score of Mahler’s epic Second Symphony (Resurrection) sold for US$5.6 million at Sotheby’s in London last month, it shattered a nearly 30-year record for the highest price paid at auction for a musical manuscript. The Mahler is
      NYTIMES; PHOTO: NYTIMES  -  945 words
    • Article, Illustration
      Lock icon US first lady in final push of the ‘Obama brand’
      941 23 WP Washington EVERY Christmas season, first ladies have visited sick children at the Children’s National Medical Center. It’s a White House tradition dating back to Bess Truman, who was photographed more than 60 years ago sitting primly beside a young
      WP; PHOTO: REUTERS  -  941 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      336 23 CRYPTIC CROSSWORD Across 1 Pound notes may be what it means to a musician! (10) 9 Bankrupt work of art (4) 10 Patron that has been upset by agent (10) 11 Yet such talkers may not be on the level (6) 12 Artillery brass hats (3,4) 15 A month, just,
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  • SME
    • Article, Illustration
      Lock icon Taking the silk route into electronics
      1636 24  -  Third-generation Primalanis have parlayed their grandfather’s 1950s silk store, Parisilk, into a genial electronics store where customers are treated more like friends. BY WONG KAI YI BY WONG KAI YI @WongKaiYiBT PARIS. Silk. Put those two words together and you have... an electronics store?
      PHOTO: FRANCIS LEE  -  1,636 words
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      Lock icon Well-capitalised companies outlast tough times
      1200 24  -  By Jayaprakash Jagateesan, Khong Choun Mun T The writers are chief executive officer, RHT Holdings, and chief executive officer, RHT Capital, respectively. THERE are several business considerations that keep entrepreneurs up at night. Customer service, product quality, talent retention, and competition are but a few
      PHOTO: FREE IMAGES  -  1,200 words