The Business Times, 23 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 A SINGAPORE PRESS HOLDINGS PUBLICATION S$1.20 businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Friday, December 23, 2016
    23 words
  • Article
    Lock icon MARKETS
    26 1 Thursday Change STI 2,882.04 -19.66 KL Comp 1,623.20 -6.39 Nikkei 225 19,427.67 -16.82 Hang Seng 21,636.20 -173.60 Shenzhen B 1,129.45 +0.81 Dow(10.45am EST) 19,917.32 -24.64
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  • Article, Illustration
    Lock icon DAILY DIGEST
    200 1 The US economy grew faster than initially thought in Q3, notching its best performance in two years, amid solid consumer spending and a jump in soya bean exports. TOP STORIES 2 Japan’s Cabinet Office on Thursday approved a record 97.5 trillion yen draft budget for fiscal 2017. TOP
    200 words
  • Article
    Lock icon Prime office rents: No reprieve in sight for 2017
    1279 1  -  Analysts expect rental rates to drop by up to 10 per cent next year but capital values may still hold up OUTLOOK 2017 By Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore THE “flight-to-new projects” a term used by the office leasing sector to
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  • Article, Illustration
    Lock icon Ex-BSI banker slapped with 30-month jail term
    759 1  -  Sentence for obstruction of justice was less than prosecution’s push for 3-year ‘deterrent’ term By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FORMER BSI banker Yeo Jiawei has been sentenced to a jail term of 30 months the heaviest sentence so far for attempting to
    759 words
  • Article, Illustration
    Lock icon Asia Pacific carriers remain profitable but headwinds loom
    457 1  -  BTYear in charts BY NISHA RAMCHANDANI Asia Pacific carriers are expected to generate US$6.3 billion in profits next year, down from US$7.3 billion this year, with profitability varying from market to market. Rising fuel prices will boost costs for airlines but a
    Source: International Air Transport Association  -  457 words
  • Page 1 Advertisements
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  • TOP STORIES
    • Article
      Lock icon Q3 growth sees best performance in 2 years at 3.5%
      484 2 Upward revisions to business investment in structures and intellectual property products lift output LATEST US DATA REUTERS Washington THE US economy grew faster than initially thought in the third quarter, notching its best performance in two years, amid solid consumer
      REUTERS  -  484 words
    • Article
      Lock icon Abe hopes to close yawning budget gap by going for growth
      738 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S Cabinet Office on Thursday approved a record 97.5 trillion yen (S$ 1.2 trillion) draft budget for fiscal 2017 with little sign of progress yet towards achieving the government’s fiscal consolidation target, but in
      738 words
    • Article, Illustration
      Lock icon What the world’s most successful people read
      838 2  -  By michquah@sph.com.sg Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore EVER wondered what the world’s most successful people read? Do they lean on how-to books to guide their success, or scan through personal accounts by their industry competitors to stay ahead? Do they steep themselves in
      PHOTO: REUTERS; PHOTO: AFP; BT FILE PHOTO; PHOTO: BLOOMBERG  -  838 words
    • Article, Illustration
      Lock icon Trump picks Death by China author for trade advisory role
      577 2 change Washington Americans across this great nation. REUTERS, AFP AFP Washington US President-elect Donald Trump named Peter Navarro, an economist who has urged a hard line on trade with China, to head a newly formed White House National Trade Council,
      change Washington Americans across this great nation. REUTERS, AFP; AFP; PHOTO: BLOOMBERG  -  577 words
    • Article
      Lock icon DFS wins master duty-free concession from Singapore Cruise Centre
      338 2  -  By Nisha Ramchandani By nishar@sph.com.sg @Nisha_BT Singapore THE Singapore Cruise Centre (SCC) has awarded its first master duty-free and general merchandise concession to DFS Group, which will operate seven duty-free outlets in SCC’s HarbourFront and Tanah Merah Ferry Terminals for a
      338 words
    • Article, Illustration
      Lock icon ‘New’ office leases make up only 10% of the total this year: Cushman
      961 3  -  Tech firms’ share of all Singapore office leases signed this year dives to 14% from 33%; finance’s share dips to 24% By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AS YET another sign of tough times facing businesses, new
      Source: Cushman & Wakefield Research  -  961 words
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      Lock icon Page 3 Advertisements Column 1
      111 3 Relax. Your weekend is here THE BUSINESS TlMlvS r-— i -V-" k ■>’ fNow you can enjoy THE BUSINESS TIMES Weekend edition every Saturday at your doorstep. i i theclo thath/ OVER US DR] VMS o 1 5 BLAC III m Only $4.6 /month Subscribe now at btsub.sg/weekend or call
      111 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon A Singapore stock market wish list for 2017
      673 4  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT WE probably wouldn’t be too far off the mark if we were to say that many stock market players here would be glad to see the back of 2016. After the Straits Times Index
      673 words
    • Article
      Lock icon Keppel to build S’pore’s fourth desalination plant in Marina East
      585 4  -  New plant will be able to produce 137,000 cu m of drinking water per day By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Infrastructure Holdings Pte Ltd has been named the preferred bidder by national water agency PUB to design,
      585 words
    • Article
      Lock icon GLP takes in US$32m for US$1.1b US portfolio
      199 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore GLOBAL Logistics Properties (GLP) said before market opened on Thursday a co-investor has pumped US$32 million into a fund established to hold a newly acquired US$1.1 billion logistics portfolio from Dallas-based developer Hillwood. The contribution
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    • Article, Illustration
      Lock icon Shareholders cold to more placements at Natural Cool EGM
      707 4  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHAREHOLDERS at airconditioning firm Natural Cool’s extraordinary general meeting (EGM) on Thursday voted resoundingly to revoke the board’s share issuance mandate, an outcome that its executive chairman Joseph Ang called a “disappointment” and “defeat”. The
      FILE PHOTO  -  707 words
    • Article, Illustration
      Lock icon SK Hynix to invest 3.16t won in memory chip output
      406 4 REUTERS Seoul SOUTH Korea’s SK Hynix Inc said on Thursday it will invest 3.16 trillion won (S$3.8 billion) in its home country and China to boost memory chip production, seeking to capitalise on an industry-wide surge in demand. Most of
      REUTERS; PHOTO: REUTERS  -  406 words
    • Article
      Lock icon Parkway Life Reit sells 4 Japan nursing homes for 3.72b yen
      325 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PARKWAY Life Real Estate Investment Trust (Reit) has divested four nursing homes in Japan for 3.72 billion yen (S$48.9 million). In an announcement on Thursday, Parkway Trust Management (as manager of Parkway Life
      325 words
    • Article
      Lock icon Outlook for S’pore’s offshore, marine sector still challenging
      478 5  -  Maybank Kim Eng analysts not ruling out more failures of weak players, another round of fresh provisions By Angela Tan angelat@sph.com.sg Singapore THE outlook for Singapore’s offshore and marine sector remains challenging, and analysts at Maybank Kim Eng are not ruling out
      478 words
    • Article, Illustration
      Lock icon Pacific Radiance transferring Mexican ops and assets to JV
      548 5  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OFFSHORE marine services provider Pacific Radiance is transferring its key operations and assets in Mexico to a joint venture (JV) with a private equity firm vehicle, in a move that the firm says will sharpen
      548 words
    • Article
      Lock icon IFA recommends accepting exit offer for Aztech
      616 5  -  This is despite its offer-price-to-RNAV ratio lagging the range of precedent voluntary offers and delistings By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore INDEPENDENT financial adviser (IFA) Stirling Coleman Capital on Thursday advised the independent directors of Aztech the object of a delisting offer to
      616 words
    • CORPORATE DIGEST
      • Article
        Lock icon Ezra Holdings
        62 5 THE Singapore Exchange (SGX) has granted Ezra approval to extend its annual general meeting (AGM) by two months, following a delay in the release of the group’s results for the financial year ended Aug 31, 2016. The approval by the SGX is subject to several conditions. Ezra released
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      • Article
        Lock icon Global Invacom Group
        78 5 SATELLITE broadcast solutions maker Global Invacom issued a profit warning for FY16, saying a preliminary review of the projected financial statements reflected a full-year net loss on one-off shutdown expenses of about US$3 million for the closure and cessation of Radiance Electronics Shenzhen. These one-off shutdown expenses
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      • Article
        Lock icon Spackman Entertainment
        92 5 SPACKMAN’S crime-action film, Master, was number one at the South Korean box office on the first day of its wide release on Dec 21, 2016. Master recorded 416,680 ticket admissions, with gross box office revenue of US$2.6 million. The film, which was released on 1,448 screens, captured two-thirds
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      • Article
        Lock icon Chip Eng Seng
        87 5 CHIP Eng Seng has been granted by a unit of mainboard-listed Mencast Holdings an option to buy a leasehold industrial property at 11 Tuas Basin Close for S$6.35 million. The property has a balance leasehold tenure expiring in March 2021. if Jurong Town Corporation grants approval to
        87 words
      • Article
        Lock icon OKH Global
        48 5 property developer OKH Global narrowed its net losses in the first quarter ended Sept 30 to S$1.9 million, from S$5.6 million a year ago. Revenue surged six times to S$15.5 million, due to higher contributions across all the segments: construction services, property development and property investment.
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      • Article
        Lock icon Sheng Siong
        58 5 SHENG Siong on Thursday said that it has just received written notice from the new owner of The Verge that the lease of The Verge Supermarket will not be renewed after April 30, 2017, as the new owner will be redeveloping the entire building. This should not affect
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    • Article
      Lock icon Keppel Land in tie-up to build homes in Indonesia
      294 5  -  By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore KEPPEL Land has invested about 250 billion rupiah (approximately S$26 million) for a 50 per cent stake in a joint residential development with a subsidiary of PT Metropolitan Land Tbk (Metland), in Greater Jakarta,
      294 words
    • Article, Illustration
      Lock icon STI / Catalist
      62 6 STI Catalist Straits Times Index Dec 22,2016 2,882.04 -19.66 (-0.68%) Current streak 4 days Day high 2,902.80 Day low 2,874.18 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist Index Dec 22,2016 433.82 -1.92 (-0.44%) Current streak 1 day Day high 435.62 Day low 432.39
      62 words
    • Article
      Lock icon GAINERS
      72 6 BY CENTS CLOSE UP 52w high/low DBXT Vietnam US$ 2160 86.9 2.9 2533/2017 SPDR S&P500 US$ ***** 65.2 0.2 *****/***** JMH USD 5508 44.9 0.6 6371/4669 Great Eastern 2033 12.0 0.6 2332/1940 DBXT S&PShort US$ 1847 11.6 0.4 2362/1835 BY PERCENTAGE CLOSE UP 52w high/low Serrano 0.3 50.0 0.1
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    • Article
      Lock icon LOSERS
      78 6 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxUSTr US$ ***** -1729.0 -5.4 *****/***** Lyxor Indonesia US$ 8020 -457.5 -3.8 9341/6795 DBXT China50 US$ 2924 -66.6 -1.5 3268/2355 DBXT MSAsExJp US$ 3282 -49.2 -1.0 3633/2772 DBXT MSTaiwan US$ 2201 -49.2 -1.5 2345/1667 BY PERCENTAGE CLOSE DOWN 52w high/low OCBC Bk
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    • Article, Illustration
      Lock icon STI goes into the red for 2016
      658 6  -  Index loses 19.7 points in response to 0.8% loss in Hang Seng Index and 25-point drop in Dow futures TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Thursday slipped marginally into the red for 2016 when it lost 19.66
      Source: Bloomberg  -  658 words
    • Article
      Lock icon STI STOCKS
      303 6 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 227 -1 229/226 257 209 6.8 6368.3 CapitaCom Trust 147.5 -1 148.5/146.5 164 127 5.8 4371.1 CapitaLand 297 -2 299/297 340 280 11.9 3 *****.5 CapitaMall Trust 188 -1 190/188 225 187
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    • Article
      Lock icon MOST ACTIVE
      33 6 VOLUME Spackman 71,233,800 Noble 45,383,800 Ezra 35,805,200 Golden Agri-Res 29,449,500 Ezion 23,436,700 Market volume 1,274,161,000 VALUE Singtel 70,478,604 DBS Grp 57,267,448 OCBC Bank 43,381,080 UOB 41,271,950 CapitaLand 25,323,486 Market value 748,814,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Dec 22 VALUE CLOSE BT OB/OS -533.00 -124.00 BT CADI -*****.00 -112.00 BT 10-day MA -*****.00 -53.00 FTSE ST Mid Cap 672.05 -4.71 FTSE ST Small Cap 375.36 -2.58 FTSE ST All Share 703.39 -4.82 FTSE ST China Top 158.57 -0.58 FTSE ST China 203.76 -0.81 FTSE
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    • Article
      Lock icon SGX ETFs
      112 6 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Nikko AM STI ETF 299 cd -4 408 302/299 309/259 299/300 7.2 STI ETF 294 -3 268 296/293 303/254 293/294 IS MS INDIA US$ US649 -12 153 659/649 772/441 649/652 81.1 Phll Ap Div Reit US$
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 6 STI FTSE ST All-Share FTSE STAll-Share Index Dec 22, 2016 703.39 -4.82 (-0.68%) Current streak 4 days Day high 708.16 Day low 702.11 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
      34 6 STI MSCI EAFE MSCI EAFE index Dec 21, 2016 1,674.08 +3.37 (+0.20%) Current streak 1 day Day high 1,677.39 Day low 1,670.31 52-week high 1,734.72 (Sept 07, 2016) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 4 1 0 0 5 7 4 Manufacturing 20 43 32 7 9 13 27 52 45 Commerce 10 19 15 2 2 5 12 21 20 Tpt/Stor/Comms 9 15 3
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,940 108 13,048 45,380 17 45,397 Manufacturing 69,711 53,889 123,600 73,013 1,919 74,932 Commerce 87,851 7,518 95,369 50,533 117 50,650 Tpt/Stor/Comms 76,960 620 77,580 114,372 56 114,429 Finance 14,207 306 14,513 154,218 43 154,261 Construction
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 6 VOL CLOSE($) CHANGE Serrano 2,267.6 0.003 +0.001 +50.00 AA 10,716.1 0.013 -0.007 -35.00 M Development 2,330.0 0.003 -0.001 -25.00 Amplefield Ltd 229.6 0.026 -0.006 -18.75 VGO 51.9 0.190 +0.010 +5.56 CEFC Intl 464.8 0.144 +0.009 +6.67 Kencana Agri 100.1 0.495 +0.070 +16.47 TSH 2,526.5 0.032 +0.005 +18.52 Spindex
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    • BROKERS’ TAKE
      • Article
        Lock icon ComfortDelGro Corp | Buy
        421 6  - ComfortDelGro Corp Buy Compiled by Kenneth Lim Target price: S$3.24 Dec 22 close: S$2.51 RHB Research, Dec 22 Finally, the cash kept for acquisition has been put to use. Management stated that cash consideration of A$186 million (S$194 million) would be funded through a combination of internal funds and bank
        421 words
    • Article
      Lock icon CALENDAR
      13 6 DATA I Dec 23 Singapore Consumer Price index Singapore industrial Production index
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    • Article
      Lock icon US$ dips for second day on profit-taking
      437 7 CURRENCIES REUTERS London THE dollar dipped for a second day on Thursday as traders booked profits ahead of a batch of US data later in the day, though the greenback was still trading less than a per cent away from a 14-year high
      REUTERS  -  437 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 7 Dec 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.971 5.022 0.693 5.611 49.096 97.147 0.851 8.676 3.238 1.046 75.778 36.136 1.047 10.103 0.742 23.220 26.046 0.585 0.723 Canada 1.030 5.171
        471 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 7 Dec 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0465 1.0472 0.7228 0.7230 Canadian dollar 1.0776 1.0783 0.7445 0.7443 Euro 1.5109 1.5118 1.0435 1.0438 NZ dollar 1.0004 1.0019 0.6909 0.6917 Sterling pound 1.7896 1.7908 1.2360 1.2364
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 7 Dec 22 S$ Bid Offer 1-month 1.4480 1.4487 2-months 1.4481 1.4488 3-months 1.4481 1.4489 6-months 1.4483 1.4492 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 7
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      • Article, Illustration
        Lock icon NIKKEI
        1 7
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 7
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      • Article, Illustration
        Lock icon DOW JONES
        2 7
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        377 7 Dec 22 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.50 *****.50 9935.00 9970.00 *****5 *****0 Jan17 *****.00 *****.00 9977.50 *****.00 *****6 ***** NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****0 Jun17 *****.00 *****.00 *****.00 *****.00 38 345 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        203 7 Most active Dec 22 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 7.8 -1.7 4299 0.1 1950 7 OCBC Bk MB eCW*****2 9.5 -1.1 2650 0.1 950 10 STI 3000 MB eCW*****8 4.7 -0.7 2400 0.0
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 7 In local curr In S$ In US$ dy yr dy yr dy yr Dec 21 Index Change Change Change Change Change Change World Preliminary 1375.6 -0.1 7.7 -0.1 7.8 0.0 5.9 EAFE Preliminary 1037.9 -0.2 2.4 0.1 -0.8 0.2 -2.5 Europe Preliminary 1461.0 -0.1 3.4
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 7 Dec 22 $S Offer Bid 0vernight 0.03 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.03 US$ Offer Bid 7 days 0.90 0.80 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 7 Dec 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.45 104.50 104.47 5-Year N*****0Z 1.250 01-Oct-21 97.05 97.10 97.05 10-Year NX*****F 2.125 01-Jun-26 97.31 97.20 97.20 15-Year NZ*****F 2.875 01-Sep-30 101.88 102.05 101.65 20-Year NZ*****X 2.250 01-Aug-36 92.92
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 7 Dec-21 Price Net change change Last Trade Agricultural Dec-21 CBOT Soybeans (US cents/bu) 1006.75 1.50 0.15% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.04 -0.02 -0.06% 13/01/2017 CBOT Wheat (US cents/bu) 399.50 -3.75 -0.93% 14/03/2017 Dec-21 LIFFE Cocoa (£/tonne) 1852.00 8.00 0.43% 16/03/2017 LIFFE Coffee (US$/tonne) 2119.00 -22.00 -1.03%
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    • Article
      Lock icon SGX MAINBOARD
      1735 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 129 unch 499 130 128.5 0.9 8.8 822.1 C'vr 172.5 101 ARA Asset Mgmt 167.5 -0.5 989
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    • Article
      Lock icon SGX CATALIST
      346 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net 0.5 0.1 t Advanced Systems 0.2 unch 36 0.2 0.2 5.3 46.5 29.5 t Advancer Global 35.5 -0.5 149 35.5 35.5 14.1 61.5 LOW
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    • Article
      Lock icon SGX ETF
      150 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1211 1061 CIMBASEAN40 S$D 1176 -1 0 1179 1176 vol 3268 2355 DBXT China50 US$ US2924 -46 6 2961 2924 8 High 422 190 DBXT MSBrazil US$ US351
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      24 5 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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    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      31 5 SJL'l Print Centre n X m INDUSTRIAL/WAREHOUSE SPACE FOR RENT 2 Jurong Port Road, SPH Print Centre Area from 2325 1 1,775 sq ft Interested, please call Shawn at 9694 5349
      31 words
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      Lock icon Page 5 Advertisements Column 3
      32 5 MEDIA CENTRE; GENTING LANE B1 INDUSTRIAL SPACE FOR RENT Fully fitted air-cond industrial office with carpet Area from 700 sq ft to 7,653 sq ft Interested, please call Shawn at 9694 5349
      32 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      71 8 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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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      158 9 Bespoke dessert tables for unique celebrations G Top 100 Wines guide to the best wines Meet the new breed of women in Singapore’s F&B scene THEPEAKMAGAZINE.COM.SG THE PEAK SINGAPORE @GOURMETANDTRAVEL The latest issue of Gourmet Travel out now! INTERNATIONAL CREATIVE MEDIA AWARD (ICMA) 2016 Download a complimentary copy of Gourmet
      158 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Bumiputera in uphill battle to find white knight
      546 10 Regulator keen on private sector solution but little progress; backdoor listing plans marred by confusion REUTERS Jakarta INDONESIAN authorities seeking to shore up troubled life insurer Bumiputera have had little luck in finding a strategic investor and engineering a backdoor listing, increasing
      REUTERS; PHOTO: REUTERS  -  546 words
    • Article
      Lock icon Businesses ‘friskier’ after Trump’s win: BofA CEO
      279 10 BLOOMBERG New York BANK of America Corp does not expect Donald Trump’s election to jolt the US economy next year, but its corporate customers are enthusiastic and already seeking funds to expand, according to chief executive officer Brian Moynihan. Mid-sized companies “are friskier,
      BLOOMBERG  -  279 words
    • Article
      Lock icon China insurance regulator tightening licence issuance: sources
      562 10 CIRC wants to reduce risks from aggressive business and investment practices REUTERS Hong Kong CHINA’S insurance regulator is making it much tougher for insurers to get new licences as it seeks to reduce risks resulting from the aggressive business and investment practices of
      REUTERS  -  562 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      29 10 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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  • TECHNOLOGY
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      764 11 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g THE
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      Lock icon Page 11 Advertisements Column 2
      189 11 In the Matter of The Companies Act (Chapter 50) And In the Matter of (i) DEVITRONIC ENGINEERING PTE. LTD. (In Creditors’ Voluntary Liquidation) UEN *****1707D (ii) ASIA DYNASTY PTE. LTD. (In Members’ Voluntary Liquidation) UEN *****6900G (iii) SUCCEDO SIGNS PTE. LTD. (In Members’ Voluntary Liquidation) UEN*****3427M iv) IPIN GLOBAL SINGAPORE
      189 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Vancouver home prices may see double-digit decline in 2017: realtor
      530 12 A series of initiatives aimed at cooling the market has “hammered” sentiment CANADIAN HOUSING BLOOMBERG Vancouver VANCOUVER’S long-awaited housing correction may be around the corner: Prices are headed for a double-digit decline in 2017 as buyers drop out of the
      BLOOMBERG; PHOTO: BLOOMBERG  -  530 words
    • Article
      Lock icon Ontario firm backs move to lend millennials cash for homes
      422 12 BLOOMBERG Toronto THE head of a realtor group in Canada’s largest province said he’d support a programme that would lend first-time buyers cash to buy houses and get them out of their parents’ basement. Tim Hudak, chief executive officer of
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    • Article
      Lock icon Trump hotels reach deal with unions
      311 12 REUTERS New York HOTELS in Las Vegas and Washington owned by US President-elect Donald Trump have reached agreements with their workers’ unions that will bring an end to a series of cases claiming the hotels violated federal labour law, the unions said on Wednesday.
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    • Article, Illustration
      Lock icon Lagos development boom sparks fears slum dwellers will be left homeless
      1074 13 Nigeria’s commercial capital of 21 million people is targeting slums in its urban development drive THOMSON REUTERS FOUNDATION Lagos, Nigeria HAVING fled as her home and shanty town in Lagos burned to the ground, Roseline Alphonse does not know
      THOMSON REUTERS FOUNDATION; PHOTO: REUTERS  -  1,074 words
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      285 12 Continue to enjoy your news this Boxing Day! 26 DEC 2016 Shin Min Daily News and Lianhe Wanbao are available at buzz convenience stores, all newsstands and retail outlets. buzz convenience stores: BUS INTERCHANGE: Harbourfront Bishan Eunos Pasir Ris Hougang Serangoon Bukit Batok Choa Chu Kang Choa Chu Kang #01
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      206 12 St~ news with benefits IN ASSOCIATION WITH wine our best picks UA -ism LL'Vf*.* \> n < f ,l wm&mti. z. r -2 5? sa r. m n w A I v. re JP *v£- Fine wines at your doorstep Subscribe to ST's new wine club and get up to
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  • Page 13 Advertisements
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  • CONSUMER
    • Article, Illustration
      Lock icon Philippine casinos to overtake Singapore’s: Okada
      824 14 Japanese tycoon counting on more China tourists visiting his upcoming resort, which will be Manila’s biggest BLOOMBERG Manila UNIVERSAL Entertainment Corp chairman Kazuo Okada said the Philippine gaming market could soon surpass Singapore’s, as improved ties with China promise more tourists and raise the
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    • Article
      Lock icon Alibaba back on US blacklist for fake goods
      503 14 BLOOMBERG New York ALIBABA Group Holding Ltd has again been labelled a haven for knock-offs with an embarrassing return to a US blacklist for fakes just four years after getting its name removed. The US Office of the Trade Representative (USTR) on
      BLOOMBERG  -  503 words
    • Article
      Lock icon Actelion re-enters transaction talks with Johnson & Johnson
      216 14 Actelion re-enters transaction talks with Johnson Johnson REUTERS Frankfurt SWISS biotech company Actelion has turned back to prospective bidder Johnson Johnson (J&J) for exclusive talks about a “strategic transaction”, in an about-turn that appears to sideline rival suitor Sanofi. Actelion said in a brief statement on Wednesday that it was
      REUTERS  -  216 words
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      929 14 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 6
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      397 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CENTRE FOR EYE SURGERY PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****5926G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened on the 16" day of December 2016 the Resolutions
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      829 14 HAI LECK HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4461D) CHANGE OF WARRANT AGENT WARRANTS EXPIRING 5 JANUARY 2018 (“W*****5”) AND WARRANTS EXPIRING 13 MAY 2019 (“W*****3”) The Board of Directors of Hai Leck Holdings Limited (the “Company”) wishes to announce that RHT Corporate Advisory Pte.
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Asia’s environment may suffer in dash for infrastructure: ADB
      618 15  -  Environmental safeguards may be neglected as countries take advantage of increased financial, other resources By Anthony Rowley btworld@sph.com.sg Tokyo WITH infrastructure investment likely to be stepped up in Asia in coming years, the danger is growing that environmental safeguards could be
      618 words
    • Article, Illustration
      Lock icon Duterte signs 2017 record 3.35 trillion peso budget into law
      673 15 It is 11.6% higher than 2016, allows more spending on roads, bridges, airports REUTERS BLOOMBERG Manila PHILIPPINE President Rodrigo Duterte signed 2017’s record budget into law on Thursday, the first spending measure under his administration which he described as a
      REUTERS; BLOOMBERG; PHOTO: REUTERS  -  673 words
    • Article, Illustration
      Lock icon Mistry takes Tata to court; supporter Nusli Wadia booted from board
      530 15 AFP BLOOMBERG Mumbai LAWYERS for Cyrus Mistry, the ousted ex-chairman of Indian conglomerate Tata, on Thursday fired the opening salvo of a legal case pitting their client against company patriarch Ratan Tata. Advocate Gopal Mukherjee told the first hearing
      AFP; BLOOMBERG  -  530 words
    • Article
      Lock icon Saudi Arabia cuts 2016 budget deficit, to boost 2017 spending
      330 15 REUTERS Riyadh SAUDI Arabia said on Thursday it had successfully cut into its huge state budget deficit this year and will increase government spending in 2017 to boost flagging economic growth. The deficit shrank to 297 billion riyals (S$ 114.7
      REUTERS  -  330 words
  • Page 15 Advertisements
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      214 15 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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      28 15 Which Upcoming BTO should I buy? SRX .com.sg Right Home. Right Price. Upcoming BTO Launches BTO Pricing Forecast BTO news Past BTO Launches BTO Buying Guide r srx.com.sg/hdb/BTO
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      22 15 a Don’t call me a civil servant. I consider that an insult.” Philip Yeo Now on sale at leading bookstores and www.stpressbooks.com.sg
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  • TRANSPORT
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      33 16 RAHANE'S A WINNER Batsman's loss of form is temporary, say his coaches SONAKSHI SINHA: It's a great time to take risks GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      245 17 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 188 PRW220 24/12/2016 25/12/2016 Pelindo/Perawang DAILY Marco Polo 256 BST025 24/12/2016 25/12/2016 Buatan/Buatan DAILY Marco Polo
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  • OPINION
    • Article
      Lock icon Leadership of IMF and World Bank a joint responsibility of all members
      597 18 EDITORIAL ON Monday, a special court in France delivered an unusual verdict following the trial of IMF managing director Christine Lagarde over her role in a 400 million euro (S$605 million) government payout to a French businessman in
      597 words
    • Article, Illustration
      Lock icon Time to court Asia’s gleaming silver dollar
      1113 18  -  With the market for seniors expected to boom from 2020, consumer companies could use Singapore as a base to capture opportunities. BY CHAN IH-MING BY CHAN IH-MING T The writer is director of consumer businesses at the Singapore Economic Development Board. The views
      FILE PHOTO  -  1,113 words
    • Article
      Lock icon Syrian conflict may be a new 30 Years’ War in the making
      734 18  -  THE BOTTOM LINE By Brian Reading TThe writer was an economic adviser to UK Prime Minister Edward Heath and is a member of the Official Monetary and Financial institutions Forum advisory board. OMFIF London THE assassination of Andrei
      OMFIF  -  734 words
    • Article
      Lock icon Obama-Abe meeting at Pearl Harbor fraught with symbolism
      1030 19  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics. SOME 75 years after Japan’s attack on Pearl Harbor, Shinzo Abe will become the country’s
      1,030 words
    • Article
      Lock icon Giving is not a zero-sum game
      855 19  -  COMMENTARY By Marilyn Ang Uy TThe writer is assistant professor of strategy, management organisation at Nanyang Business School, NTU. WHEN was the last time you voluntarily lent a hand to a co-worker? If it is not something you do very often, it is time
      855 words
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      Lock icon Need to review R&D tax incentive scheme to boost innovation
      1241 19  -  Singapore will become one of the least attractive places in the world to undertake R&D with the expiry of the Productivity and Innovation Credit. BY HARVEY KOENIG AND LEE BO HAN BY HARVEY KOENIG, LEE BO HAN TThe writers are
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  • DINING OUT/WINE
    • Article, Illustration
      Lock icon Touch of Seoul in Japanese menu in Japanese menu
      999 20  -  Chef Akira Back should draws more on his Korean roots to add zest to his mod-Japanese repertoire. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Akira Back Level B1M South Tower jw Marriott Hotel Singapore South Beach, 30 Beach
      PHOTOS: AKIRA BACK, JAIME EE  -  999 words
    • Article, Illustration
      Lock icon Shopping for festive wine with Penfolds
      650 20  -  By Christopher Lim limchris@sph.com.sg @ChrisLimBT HAVE you ever given someone a decanter for Christmas only to have them ask, only partly in jest: Where’s the wine? Penfolds has you covered this Christmas with its new Penfolds Aevum Crystal Decanter, which was created in partnership
      650 words
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  • REVIEWS/ENTERTAINMENT
    • Article, Illustration
      Lock icon A space movie that raises interesting ethical issues
      550 21  -  It has a provocative premise also, but Passengers ends up feeling bland and uninspired.BY uninspired.BY GEOFFREY EU MOVIES set in outer space have been de rigueur in recent years, and their narratives typically have something in common: human beings in distress. If
      550 words
    • Article, Illustration
      Lock icon Clarkson and co still very much in top gear
      484 21  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT EVERYBODY loves a bad boy and Jeremy Clarkson is living proof. (So is Gordon Ramsay but let’s not digress.) The former Top Gear star might have been fired by the BBC for punching a producer off-screen
      484 words
    • Article, Illustration
      Lock icon Exploring Japanese music, both past and present
      560 21  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT TAKE a trip to the Land of the Rising Sun while leaving your passport at home with a special concert, Sounds of Japan 3, presented by The Philharmonic Winds on Friday. While the first two shows in the
      PHOTOS: COURTESY OF THE PHILHARMONIC WINDS  -  560 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      318 21 CRYPTIC CROSSWORD Across 1 Sniper originally hits target, sprawling, most horizontal (11) 10 Assume America in revolt with Republican getting in (5) 11 Some whimper for mercy seeing clown possibly (9) 12 Duplicate ace needed in contract (9) 13 Initially it’s learnt in anatomy, composition of bone (5) 14 Fathers
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  • COVER STORY
    • Article, Illustration
      Lock icon Pretty places and objects that inspire us
      1361 22  -  Local architects and designers have come up with creative but functional spaces and products. BEST SPACES/PRODUCTS BY TAY SUAN CHIANG taysc@sph.com.sg @TaySuanChiangBT FROM a new age hostel to a dining and recreational centre for the elderly, local architects had their hands busy designing
      1,361 words
    • Article, Illustration
      Lock icon A year of stars, ramen and salted egg yolk
      772 22  -  FOOD MILESTONES By Rachel Loi rachloi@sph.com.sg @RachelLoiBT AT the start of 2016, the F&B scene looked like it was in for an uneventful year. The looming economic recession meant restaurant groups planned to tighten their belts and hold back expansion in
      772 words
    • Article, Illustration
      Lock icon Ending the year on a high note
      1253 23  -  It was theatening to be a so-so 2016 at the movies but the stand-out musical La La Land has led a late-season power surge. BEST FILMS BY GEOFFREY EU THEY don’t make them like they used to until of course, someone did. It
      1,253 words
    • Article, Illustration
      Lock icon Parting gifts and beautiful sounds
      580 23  -  BEST ALBUMS By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT 2016 was a dark year for music fans. After David Bowie’s sudden death on Jan 10 just two days after his 69th birthday and the release of his final album the Grim Reaper kept busy and the pop-rock
      580 words
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      Lock icon Concerts galore for every music lover
      476 23  -  BEST GIGS By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT FANS of “live” music could hardly give their eardrums a rest this year as a bumper crop of acts made stops in Singapore over the last 12 months. Things are set to get louder next year with
      FILE PHOTOS  -  476 words
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  • BT Lifestyle
    • BEST OF 2016
      • Article, Illustration
        Lock icon Deep, diverse and distinct
        790 24  -  BT Lifestyle rounds up the year in arts, entertainment, food and design with our favourite selections in every category BEST PLAYS By Helmi Yusof helmi@sph.com.sg @HelmiBT LAST year’s SG50 theme saw the production of some sterling new plays. But 2016 has been no slouch. New and
        PHOTO: CALEB MING/SURROUND  -  790 words
      • Article, Illustration
        Lock icon Novel approaches
        790 24  -  FAVOURITE SINGAPORE BOOKS By Helmi Yusof helmi@sph.com.sg @HelmiBT THE first batch of novels from the short- and long-list of the Epigram Books’ inaugural Fiction Prize kept us busy for much of the year, while Math Paper Press continues its winning streak with emerging authors and poets. Few Singapore
        PHOTO: HELMI YUSOF  -  790 words
      • Article, Illustration
        Lock icon Current perspectives
        668 24  -  TOP ART SHOWS By helmi@sph.com.sg Helmi Yusof helmi@sph.com.sg @HelmiBT SOLO SHOWS Sea State by Charles Lim NTU Centre for Contemporary Art (CCA) Singapore Of all the shows at NTU CCA in 2016, the best was the homecoming presentation of Lim’s Sea State which debuted at Venice Biennale 2015.
        PHOTO: HELMI YUSOF  -  668 words
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      30 24 CINEMA A space movie that raises interesting ethical issues 21 WINE Shopping for festive wine with Penfolds 20 Best of entertainment, Page 23 Best of design and food, Page 22
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