The Business Times, 29 December 2016

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Microfilm: NL34123
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 Thursday, December 29, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    206 1 South Korea’s antitrust regulator slaps a record 1.03 trillion won (S$1.1 billion) fine on Qualcomm Inc for violating antitrust laws. TOP STORIES 2 Mastercard expects to launch its “selfie” function in 2017 to verify online transactions in Singapore and parts of Asia. TOP STORIES 3 Singapore’s accounting standards
    206 words
  • Article
    Lock icon Rising global economic tide may not lift Singapore’s boat
    937 1  -  Structural changes in global trade and China, weakening domestic fundamentals could decouple next year’s global recovery from Singapore economy OUTLOOK 2017 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE global outlook is forecast to improve in the coming year but Singapore may
    937 words
  • Article, Illustration
    Lock icon Retail property outlook 2017
    383 1  -  MORE uncertainties in the economy and the labour market as well as the challenge from e-commerce have continued to dampen retail sales. Faced with dwindling sales, retailers hard-pressed by stubbornly high business costs are consolidating their outlets. Malls are finding it harder to fill their space
    Source: URA; BT Graphics  -  383 words
  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,898.30 +12.54 KL COMP 1,630.30 +10.62 NIKKEI 225 19,401.72 -1.34 HANG SENG 21,754.74 +179.98 SHENZHEN B 1,123.78 +0.29 DOW (10.45 EST) 19,926.37 -18.67
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      52 1 "*****1 3000 1 1 THE BUSINESS TIMES Jaeger-leCoultre Boutiques 2 Orchard Turn, ION Orchard, #02-08, Tel: +65 6510 2882, Singapore 2 Bayfront Ave,The Shoppes at Marina Bay Sands, #B2M-240,Tel: +65 6688 7003, Singapore fF ss Geophysic Universal Time watch Philippe Jordan, Chief Conductor and Music Director in Paris and Vienna
      52 words
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      17 1 OUTLOOK Govt are UNMANNED AERIAL VEHICLES NTU to develop drone traffic management HOCK Tech trends TECHNOLOGY 16
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      33 1 OUTLOOK 2017 Govt wants transformation but firms are ambivalent top stories 2 HOCK LOCK SIEW Tech advancements will drive business trends in 2017 companies markets 5 BT Graphics: 7 for 2017, Page 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Companies ambivalent about govt’s transformation push
      875 2  -  SBF survey finds firms more worried about short term, bottom line; disconnect becoming a concern By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore AT a time when the Singapore government is gearing up for a major reconfiguration of the country’s economy, companies in the private sector
      Source: Singapore Business Federation, Blackbox Research  -  875 words
    • Article
      Lock icon Qualcomm suffers 1.03 trillion won blow from South Korea’s antitrust agency
      706 2 BLOOMBERG Seoul SOUTH KOREA’S antitrust regulator slapped a record 1.03 trillion won (S$1.1 billion) fine on Qualcomm Inc for violating antitrust laws, the latest in a string of government actions that threaten the US chipmaker’s most profitable business. The
      BLOOMBERG  -  706 words
    • Article, Illustration
      Lock icon 7 FOR 2017
      526 2  -  The Business Times looks at events that observers think will affect Singapore’s economy in 2017. Here are seven of them. BY SOON WEILUN BT Explains BY SOON WEILUN Future gazing The Committee on the Future Economy will issue its report in January. It will shape Singapore’s economy
      BT Graphics: Jennifer Chua Compiled by BT  -  526 words
    • Article
      Lock icon Hackers add new twist to insider trading problem facing M&A law firms
      658 2 NYT New York LAW firms that advise on mergers once had to worry about a rogue employee trading on deal tips. Now, they have to worry about hackers doing the same. Federal prosecutors in Manhattan have charged three
      NYT  -  658 words
    • Article
      Lock icon Mastercard to launch ‘selfie’ verification in Singapore in 2017
      748 3  -  It’ll use facial recognition technology to ensure online transactions are the real deal By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore MASTERCARD expects to launch in 2017 its “selfie” function to verify online transactions in Singapore and parts of Asia, a top executive
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    • Article, Illustration
      Lock icon Changi passenger traffic up 5.7% in first 11 months
      436 3  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PASSENGER traffic at Changi Airport grew 5.7 per cent to 53 million in the first 11 months of this year, putting the airport on track to post year-on-year growth. Other metrics such as aircraft movements
      PHOTO: LIM WUI LIANG/THE STRAITS TIMES  -  436 words
    • Article, Illustration
      Lock icon Debt restructuring can be hurdle to O&M recovery
      1196 4  -  But legislative updates to the law if passed in time could give the sector more breathing space REVIEW 2016 By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MONTHS after Swiber Holdings threw in the towel and triggered a credit void in the embattled
      FILE PHOTO  -  1,196 words
    • Article, Illustration
      Lock icon Tietmeyer, former Bundesbank president, dies aged 85
      704 4 BLOOMBERG Warsaw FORMER Bundesbank president Hans Tietmeyer, the last guardian of the German mark and one of the architects of Europe’s single currency, has died. He was 85. Dr Tietmeyer died on Tuesday, the Bundesbank said in a statement, without providing the cause
      BLOOMBERG  -  704 words
    • Article
      Lock icon Britons hoard cash as economic uncertainties prompt caution
      286 4 BLOOMBERG London BRITONS are holding onto their cash in a sign that they may be hunkering down in the face of economic uncertainties, according to the British Bankers Association. Personal deposits grew an annual 4.8 per cent in November, data compiled by
      BLOOMBERG  -  286 words
    • Article
      Lock icon Toshiba shares tumble on problems with US nuclear projects
      648 4 San Francisco TOSHIBA Corp plunged by the daily limit in Tokyo as the once heralded US nuclear renaissance is turning into a nightmare for the Japanese company. The shares fell by 20 per cent to 311.6 yen in Tokyo, following a
      648 words
    • Article, Illustration
      Lock icon China official urges cut to required reserve ratio
      386 4 BLOOMBERG Beijing CHINA’S requirement for how much cash banks must hold as reserves is “very high” and should be reduced at an “appropriate time,” a senior banking regulator said, according to a media report. Other financing tools can be used to manage
      BLOOMBERG; PHOTO: REUTERS  -  386 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      99 3 No-Fuss Chilli Crab Lunch JWMI3® New 5-Course Executive Set Menu Featuring our AWARD-WINNING CHILLI CRAB Deshelled for your convenience Individually plated Menu changes weekly Available at: Riverside Point K+ 6532-3435 j The Riverwalk V* 6534-3435 Dempsey Hill 6479-3435 CHOICE OF 2 SET MENUS 48 68 PER PERSON (U.P. $58) PER
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Tech advancements will drive business trends in 2017
      759 5  -  HOCK LOCK SIEW BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT THE world is in an unprecedented era of technological boom, one where tech advancements are occurring at an epidemic rate. Take cloud, virtual reality and artificial intelligence these have penetrated even the most traditional
      PHOTO: AFP  -  759 words
    • Article
      Lock icon Keppel Land selling 49.7% stake in Wuxi project for 619m yuan
      364 5 Singapore KEPPEL Land, a wholly owned unit of Keppel Corporation, is divesting its effective 49.7 per cent interest in Cityone Development (Wuxi) Co Ltd (CDCL) to Tianhonglixin Real Estate Co Ltd for about 619 million yuan (S$ 127 million).
      364 words
    • Article
      Lock icon BP to buy Australian petrol station network for US$1.3b
      138 5 AFP London BRITISH energy giant BP said on Wednesday that it has agreed to buy a network of Australian petrol stations from supermarket chain Woolworths for US$1.3 billion. BP said in a statement that it will be establishing a strategic partnership
      AFP  -  138 words
    • Article, Illustration
      Lock icon ASC reminds firms to prepare for new accounting standards
      693 6  -  It says new Financial Reporting Standards will affect companies across different industries and also lists key changes By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore SINGAPORE’S accounting standardssetting body has sent a reminder to companies (amid this period of feasting and merry-making) to
      FILE PHOTO  -  693 words
    • CORPORATE DIGEST
      • Article
        Lock icon Swissco Holdings
        65 6 A STEP-DOWN subsidiary of Swissco Holdings Limited, Liftboat 1 International, has received a notice of appointment of receivers over its vessel Jinshan 1, the company’s interim judicial managers announced on Wednesday. Andrew Grimmett and Lim Loo Khoon were appointed as joint and several receivers in the Dec 22
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      • Article
        Lock icon KLW Holdings
        54 6 CATALIST-listed investment holding firm KLW Holdings on Wednesday said that it has signed a contract with Mill Place Investments to sell the latter its property at 301 Flinders Lane in Melbourne, Australia for A$34.2 million (S$36.45 million). KLW said it netted a gain of about A$5.63 million, after
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      • Article
        Lock icon Polaris Limited
        104 6 ELECTRONICS retailer Polaris has sold off its investment in multimedia devices maker XMI and recovered a loan it made to XMI, it said in a Singapore Exchange filing on Wednesday. Its unit Polaris Device had bought a 30 per cent stake in XMI in 2015 for S$1 and
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      • Article
        Lock icon China Jishan Holdings
        45 6 TEXTILE dyer China Jishan Holdings’ unit, Zhejiang Jishan Printing and Dyeing, will sell Shao Xing Yue Sheng Real Estate Property Development to Shanghai Jintumu Real Estate for 785.78 million yuan (S$164.1 million), China Jishan said in a Singapore Exchange filing on Wednesday.
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    • Article, Illustration
      Lock icon AA Reit’s redeveloped properties in Tuas valued at S$60.7m
      477 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AIMS AMP Capital Industrial REIT (AA Reit) has completed the redevelopment of two industrial buildings in Tuas, raising the value of the redeveloped property by more than four times to S$60.7 million from the former
      FILE PHOTO  -  477 words
    • Article
      Lock icon Record run for corporate bond sales likely to come to a halt in 2017
      563 6 BLOOMBERG New York BREAKING habits can be hard, especially when they involve making money. That’s the prospect for bond investors in the coming year. After five straight years of record US invest-ment-grade corporate debt sales, bankers
      BLOOMBERG  -  563 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Dec 28,2016 2,898.30 +12.54 (+0.43%) Current streak 2 days Day high 2,900.42 Day low 2,884.55 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Dec 28,2016 437.07 +3.70 (+0.85%) Current streak 1 day Day high 439.61 Day low
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    • Article, Illustration
      Lock icon Stocks rise again on oil price rally
      645 8  -  ST Index is up 0.4% on Wednesday and just 0.54% for the year, as 1.19b shares worth S$542m change hands STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT DELAYS in flight clearance for takeoff due to the weather outside remaining frightful might have kept the
      Source: Bloomberg  -  645 words
    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 227 unch 230/226 257 209 6.8 6368.3 CapitaCom Trust 147 unch 148/146.5 164 127 5.9 4356.3 CapitaLand 300 unch 302/299 340 280 12 3 *****.7 CapitaMall Trust 189 +1 190/188 225 187
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 121,170,400 Equation W*****2 62,762,200 Ezra 57,067,900 Equation 33,175,000 SunMoon Food 27,104,100 Market volume 1,189,314,000 VALUE Singtel 47,321,925 DBS Grp 31,246,878 UOB 30,565,786 Noble 20,128,862 Keppel Corp 19,322,186 Market value 534,127,000
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    • Article
      Lock icon SGX ETFs
      111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Phll Ap Div Reit US$ US86.3 -0.1 410 87/86.3 93.5/84 86/87 STI ETF 295 +1 172 296/295 303/254 295/296 DBXT MSPHILS US$ US175 +9 120 175.5/174.8 222.5/158.5 174.5/175.2 14 IS MS INDIA US$ US653 +6 107
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 28 VALUE CLOSE BT OB/OS -363.00 +138.00 BT CADI -*****.00 +97.00 BT 10-day MA -*****.00 -36.00 FTSE ST Mid Cap 675.82 +2.15 FTSE ST Small Cap 377.14 +1.55 FTSE ST All Share 707.86 +3.33 FTSE ST China Top 159.72 +1.49 FTSE ST China 204.51 +1.26 FTSE
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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 28,2016 707.86 +3.33 (+0.47%) Current streak 2 days Day high 707.88 Day low 704.41 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 27,2016 1,672.29 -0.50 (-0.03%) Current streak 2 days Day high 1,673.91 Day low 1,669.93 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 11 1 3 0 1 0 11 2 3 Manufacturing 41 17 31 10 7 9 51 24 40 Commerce 25 6 15 6 3 1 31 9 16 Tpt/Stor/Comms 16 7 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 7,814 197 8,011 30,902 30 30,932 Manufacturing 46,934 94,153 141,087 39,227 3,400 42,627 Commerce 179,792 11,634 191,426 68,662 208 68,870 Tpt/Stor/Comms 87,364 1,245 88,609 81,947 119 82,066 Finance 8,849 59 8,908 86,974 9 86,983 Construction
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Sinjia Land 1,200.0 0.070 -0.020 -22.22 CFM 50.1 0.037 +0.008 +27.59 China Jishan 51.2 0.036 -0.003 -7.69 Civmec 2,278.9 0.565 +0.025 +4.63 3Cnergy 50.0 0.049 -0.006 -10.91 AA 4,594.7 0.014 +0.001 +7.69 Ban Leong 30.0 0.200 +0.010 +5.26 Low Keng Huat 557.1 0.565 +0.020 +3.67
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 8565 790.4 6.8 9341/6795 JMH USD 5590 181.3 2.3 6371/4669 Jardine C&C 4076 112.0 2.8 4520/3160 DBXT Nifty US$ ***** 78.3 0.5 *****/***** DBXT MSAsExJp US$ 3299 71.1 1.5 3633/2772 BY PERCENTAGE CLOSE UP 52w high/low Seroja Inv 6.2 40.9
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    • Article
      Lock icon LOSERS
      79 8 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxKR US$ ***** -2948.0 -12.2 *****/***** DBXT MSKorea US$ 5483 -166.8 -2.1 6041/4629 GLD US$ ***** -47.9 -0.3 *****/***** Lyxor US DJIA US$ 2009 -24.7 -0.8 2026/1573 DBS Bk 4.7% NCPS ***** -23.0 -0.2 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low China
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    • BROKERS’ TAKE
      • Article
        Lock icon Gold | NOT RATED
        447 8 Gold NOT RATED BLOOMBERG Gold may be emerging from its Trump slump as 2016 winds down. Prices rose for a third day to head for the longest run of gains since early November, the period just before the reality-television star seized the White House and kick-started a push for risk
        BLOOMBERG  -  447 words
    • Article
      Lock icon Sterling hits two-month low as dollar gains
      429 9 CURRENCIES REUTERS London EXPECTATIONS that US inflation and growth will outstrip the rest of the developed world’s prodded the dollar higher across the board on Wednesday, knocking half a cent off the euro and driving sterling to a two-month low. Further gains for
      REUTERS  -  429 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.978 5.012 0.689 5.591 49.130 96.963 0.847 8.726 3.230 1.040 75.547 35.877 1.045 10.025 0.741 23.291 25.967 0.587 0.721 Canada 1.022 5.124
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 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 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0451 1.0456 0.7206 0.7208 Canadian dollar 1.0684 1.0690 0.7369 0.7367 Euro 1.5170 1.5175 1.0460 1.0461 NZ dollar 1.0042 1.0051 0.6924 0.6929 Sterling pound 1.7804 1.7812 1.2276 1.2279
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 28 S$ Bid Offer 1-month 1.4507 1.4512 2-months 1.4507 1.4511 3-months 1.4508 1.4514 6-months 1.4509 1.4516 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        380 9 Dec 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 9985.00 9990.00 9877.50 9895.00 *****8 *****4 Jan17 *****.00 *****.00 9930.00 9930.00 *****9 *****2 NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****5 Jun17 *****.00 *****.00 *****.00 *****.00 10 359 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 9 Most active Dec 28 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit Ltd W*****2 0.4 unch ***** 1 1 40 2.50 8 Charisma EnergyServicesW*****8 0.4 unch 2000 1 0 -20 1.25 59 KepCorp MB eCW*****3 5.9 0.3
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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 27 Index Change Change Change Change Change Change World Preliminary 1376.9 0.2 7.8 0.3 8.2 0.2 5.9 EAFE Preliminary 1038.6 0.1 2.5 0.1 -0.5 0.0 -2.6 Europe Preliminary 1466.3 0.2 3.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 28 $S Offer Bid 0vernight 0.03 Par 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.40 US$ 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
        63 9 Dec 28 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 5-Year N*****0Z 1.250 01-Oct-21 97.34 97.45 97.37 10-Year NX*****F 2.125 01-Jun-26 97.51 97.65 97.50 15-Year NZ*****F 2.875 01-Sep-30 102.16 20-Year NZ*****X 2.250 01-Aug-36 93.44 30-Year NA*****H 2.750 01-Mar-46
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        220 9 Dec-27 Price Net change change Last Trade Agricultural Dec-27 CBOT Soybeans (US cents/bu) 1014.75 25.75 2.60% 13/01/2017 CBOT Soybean Oil (US cents/lb) 35.12 0.52 1.50% 13/01/2017 CBOT Wheat (US cents/bu) 409.50 16.00 4.07% 14/03/2017 Dec-27 LIFFE Cocoa (£/tonne) 16/03/2017 LIFFE Coffee (US$/tonne) 31/01/2017 LIFFE White Sugar (US$/tonne) 13/02/2017
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    • Article
      Lock icon HPH Trust buys stake in Huizhou container terminals from sponsor
      379 10  -  US$86m acquisition through 2 subsidiaries leaves the trust with an effective holding of 41.3% By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore PORT operator Hutchison Port Holdings (HPH) Trust has agreed to buy a stake in Huizhou International Container Terminals Limited (HICT)
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    • Article
      Lock icon YCH to build DistriPark in Nantong
      325 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore YCH Group, an end-to-end supply chain management and logistics company, on Wednesday said that it has signed a memorandum of understanding (MOU) with CPC Nantong Northern New Town Management Committee to develop a DistriPark in the Nantong Integrated
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    • Article
      Lock icon LQS Construction sues Mencast and subsidiary for S$3.3m
      351 10  -  By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore CONSTRUCTION firm LQS Construction is suing offshore services provider Mencast Holdings and its wholly owned subsidiary Mencast Marine (MMPL) for S$3.3 million, the alleged balance related to a contract for the construction of an office
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    • Article
      Lock icon Chinese mall owner seeks to raise 586.4m yuan in Singapore IPO
      290 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A BUSINESS trust holding three shopping malls in a city in China’s Guangdong province is seeking to raise 586.4 million yuan (S$ 122.2 million) through an initial public offering on the Singapore Exchange
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    • Article
      Lock icon HK’s IPO destiny: Big guns but no bright lights
      553 10  -  COMMENTARY By Nisha Gopalan T This column does not necessarily reflect the opinion of Bloomberg LP and its owners. BLOOMBERG Hong Kong EVEN if it doesn’t get to host the IPO of Saudi oil giant Aramco, potentially the biggest float of
      BLOOMBERG  -  553 words
    • Article
      Lock icon US Oil Fund fails to cash in on 2016 crude rally
      466 10 BLOOMBERG Singapore THE world’s most popular oil-track-ing exchange traded fund missed out on 2016’s big crude rally. Front-month West Texas Intermediate (WTI) crude futures have gained 45 per cent so far this year as Opec engineered the first global
      BLOOMBERG  -  466 words
    • Article
      Lock icon SGX MAINBOARD
      1696 11 Transaction date: Dec 28 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 124.5 AIMSAMP Cap Reit 129.5 +2 164 129.5 128 0.9 8.8 825.3 LOW 172.5 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      296 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap 46.5 29.5 t Advancer Global 35.5 +0.5 50 35.5 35 14.1 61.5 LOW Company Sale 19.9 8.3 t Anchor Resources 8.5 -0.2 171
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    • Article
      Lock icon SGX ETF
      155 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 84.2 69.1 CIMB APAC Div US$ US75.9 -0.3 0 75.9 75.9 8 1211 1061 CIMBASEAN40 S$D 1173 -3 0 1173 1173 vol ('000) High 422 190 DBXT MSBrazil US$
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      Lock icon Page 5 Advertisements Column 1
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      8431 7 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS (AS DEFINED BELOW). If Noteholders are in doubt about any aspect of the Proposal and/or the action they should take, they should seek their own independent advice immediately from their stockbroker, bank manager, solicitor, accountant or other independent financial
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      Lock icon Page 10 Advertisements Column 1
      797 10 NOTICES Oril Singapore i3i3.D Savings Bonds Website: www.sgs.gov.sg/savingsbonds/ Hotline: 6221 3682 THE BVI BUSINESS COMPANIES ACT, 2004 BEANSTREAM LIMITED (the “Company”) NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE is hereby given pursuant to Section 204(1 )(a)(i) that Simon Filmer of Offshore Incorporations Centre, PO Box 957, Road Town, Tortola, British Virgin Islands
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  • REAL ESTATE
    • Article
      Lock icon Prices of completed condos dip 0.7% in November: NUS
      454 12  -  Units (excluding small ones of 506 sq ft or less) in Central Region fare worst, falling 0.8% during the month By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PRICES of completed private apartments and condominiums slipped 0.7 per cent in November from a
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      Lock icon Slowdown in price growth of UK property in 2017
      375 12 BLOOMBERG London HOUSE prices in the United Kingdom may only eke out a modest gain next year as economic growth weakens and a pickup in inflation squeezes consumers, according to Halifax. The mortgage lender sees housing demand easing in 2017, partly
      BLOOMBERG  -  375 words
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      Lock icon Lockers hold key to helping Lisbon’s homeless
      753 12 AFP Lisbon EVERYTHING Fabio Ferreira Silva owns fits inside one of the 12 bright yellow lockers in front of Lisbon’s riverside Santa Apolonia rail station. Mr Silva and other homeless people use the metal cabinets to store their belongings, which they used to
      AFP; PHOTO: AFP  -  753 words
    • Article
      Lock icon Tenants fight back with PIs staking out Airbnb units
      1105 12 Evicted tenants’ lawyers act to track landlords who violate rules limiting the use of private homes BLOOMBERG New York IN A gentrifying neighbourhood of San Francisco, a couple exit their cab and head towards an apartment, rolling suitcases behind them. Unbeknownst
      BLOOMBERG  -  1,105 words
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      Lock icon Denver’s gritty back door could become its new gateway
      967 13 Developers plan to create international trade hub in River North Art District, the city’s last development frontier NYTIMES Denver, united States A CHECKERBOARD of low-slung buildings and vacant parcels, the River North Art District (RiNo) in this fastgrowing US city has
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      Lock icon Househunt
      1568 13 Property transactions for selected districts with contract dates between Nov 16 and Nov 22,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 18/11/2016 99 1184 2400 2027 V On Shenton Apt 17/11/2016 99
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      228 12 WILKIE EDGE PRIME RETAIL OFFICE BLOCK IN COVETED DISTRICT 9 n r '1. 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 sky terraces
      228 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon How JPMorgan could not save Italy’s ‘problem child’ bank
      1290 14 That Monte dei Paschi laid its entire trust in JPMorgan and a plan that regulators said was destined for failure, underscores the government’s mismanagement of it all REUTERS London ON THE morning of July 29, former Italian Industry Minister Corrado Passera
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      Lock icon US mutual fund trustees feel the heat of investor lawsuits
      807 14 REUTERS Boston BEFORE New York’s famed 21 Club steakhouse drew attention in November for hosting Donald Trump, the wealthy US.president-elect, it quietly fed other public representatives: trustees of Paris-based AXA SA investment funds. The trustees board members tasked with overseeing
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      Lock icon Bond buyers left bemoaning 13% returns after oil’s wild year
      670 14 WP Washington LAST year, the biggest winners in the high-yield bond market were investors who eked out any positive gains. This year, even returns of 15 per cent aren’t enough to make the top rank. Blame commodities. Even investors who
      WP  -  670 words
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      59 14 o p Roac 'Ctrl'S®*'* Cp£ATWi- ST JOBS > CAREER& DEVELOPMENTS Cl KtliKb'J' if ARE YOU HIRING? Take your pick from uniquely skilled job candidates at the eagerly anticipated job fair. ">e.Arw- 25 26 March 2017 10am 6pm Suntec Singapore, Hall 403 404 Book Your Booth Now! X *3nc t e
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      33 14 H X I How much money have you made on your home? $104,000 I !T ■■.III 3 my Capital Gain $104,000 (12.68%) S-100K 2008 2008 2010 2011 2012 2013 2014 2015 2018 SRX.com.sg/property-tracker
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  • ENERGY & COMMODITIES
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      Lock icon After Asia, palm oil faces the backlash in Africa
      694 15 Land acquired for plantations impacting Gabon, Cameroon, Congo Basin: green groups AFP Yaounde, Cameroon PALM oil’s lower cost has made it popular in commercial food production, but after being blamed for deforestation in Asia, palm oil plantations are now getting a
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    • Article
      Lock icon Beijing prepares to dissolve ancient grip on salt market
      421 15 REUTERS Beijing FROM Sunday, China’s long campaign to make sprawling state-owned industries more efficient will stretch beyond commodities like coal and steel into one of the most ancient markets of all the salt trade. As of Jan 1, almost 80 salt
      REUTERS  -  421 words
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      29 15 Current Affairs Special How Jobs and Skillsfor the Future should Singaporeans seize opportunities? 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
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      Lock icon NTU to develop drone traffic management
      500 16  -  Move driven by expected rise in drone service demand and drop in drone costs By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore RESEARCHERS at Nanyang Technological University (NTU) have embarked on a four-year programme to develop a traffic management system for drones to ensure the safe
      PHOTO: REUTERS  -  500 words
    • Article
      Lock icon Computer science gender gap is hurting US businesses
      731 16 WP Washington THE United States has a comput-ing-skills crisis that is holding back American companies and economic growth. The solution lies with girls and young women. Employers simply cannot fill positions that are becoming increasingly critical to their businesses. Recent data shows
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      Lock icon Clean tech rises again, retooling nature for industrial use
      1034 16 NYTIMES Berkeley, California A DECADE ago, a group of biologists, venture capitalists and computer whizzes gathered under the name “clean tech”. They hoped to overturn polluting industries with microorganisms cheerily excreting industrial chemicals through the miracle of reprogramming nature’s genetic code.
      NYTIMES  -  1,034 words
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      Lock icon Jump in number of users at fact-checking website Snopes during US election
      743 16 NYTIMES San Diego THE LAST line of defence against the torrent of half-truths, untruths and outright fakery that make up so much of the modern Internet is in a downscale strip mall near the beach. Snopes, the fact-checking
      NYTIMES; PHOTO: NYTIMES  -  743 words
    • Article
      Lock icon China may formalise cybersecurity review on tech products
      377 16 NYTIMES Hong Kong IT has been a tough year in China for America’s technology companies. Uber sold off its operations there. Beijing ordered some of Apple’s services shuttered. And Microsoft faced a new inquiry. Now, in the final days of 2016, China’s
      NYTIMES  -  377 words
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  • CONSUMER
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      Lock icon India’s generic-drug trials under scrutiny
      1181 17 Serial testing of some volunteers and cursory checks raising new questions about the level of oversight of the industry REUTERS Hyderabad VASUDEVA Prakash left his job as a mechanic in Hyderabad three years ago for what he calls a more lucrative career: taking part in
      REUTERS  -  1,181 words
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      Lock icon The secret feminist history of shopping
      1236 17 WP Washington FOR America’s malls, December was once the happiest time of the year. Now, each holiday season brings a painful reminder that shoppers have increasingly abandoned real-life storefronts for virtual ones. To get people off the couch, mall owners are trying to bring
      WP; PHOTO: AFP  -  1,236 words
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      Lock icon New Year feasts bring cold comfort for China’s pig farmers
      623 17 REUTERS Beijing WITH Chinese New Year festivities fast approaching in China, pig farmers in the world’s biggest pork market have little to cheer. As they fatten herds to meet peak demand, a slump in retail prices and a spike in
      REUTERS; PHOTO: REUTERS  -  623 words
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  • GOVERNMENT & ECONOMY
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      214 18 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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      38 18 How to find your calling “You know what a dolphin is like under water? Well, he is the closest human to a dolphin under water.” Joseph Schooling’s coach, Eddie Reese Now on sale at good bookshops or www.stpressbooks.com.sg
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  • TRANSPORT
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      85 20 KIDS E.OUC& LARGE 5 KSIfc’ s .JtflLorjS 20^ I A Ml BOOK YOUR SPACE NOW! Reach out to parents ages 25 45 years old with children ages 3-12 years old at SmartKids Asia. Promote your brand, products and services at Asia's Largest Educational Kids' Fair, established since 2012! CONTACT US
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      33 20 COOL ACT Irrfan Khan has managed to blur the lines between Hollywood and Bollywood FACE IN THE CROWD: Prof Govindasamy Balasekaran GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      954 21 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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  • OPINION
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      Lock icon India’s digital payment journey turbocharged by currency ban
      567 22 EDITORIAL INDIA’S massive currency swap the result of a ban on high-value notes of 500 and 1,000-rupee denominations is expected to end on Dec 31. From 2017, the next stage of the exercise will unfold. This could result in a forced digitisation
      567 words
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      Lock icon Putin may have done Americans a big favour on cybersecurity
      728 22  -  TTTHE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington IT may be wishful thinking, but it’s just possible that Vladimir Putin has done us a great favour. He has alerted us to the true threat of cyberwarfare
      THE WASHINGTON POST WRITERS GROUP  -  728 words
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      Lock icon Turning data into decisions
      1337 22  -  The key is to be strategic and think about managing data as a process.BY process.BY DAVID SANDERSON T The writer is founder and CEO of Nugit WE’VE arrived at the digital age where the difference between man and machine is often debated. While it’s true that
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      Lock icon Water scarcity a key factor to regional security in India
      1002 23  -  COMMENTARY By Asit K Biswas, Cecilia Tortajada, Udisha Saklani T Prof Biswas is distinguished visiting professor, Lee Kuan Yew School of Public Policy, NUS, Singapore. Dr Tortajada is a senior research fellow, institute of water Policy, in the same school.
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      Lock icon Bridging technology and culture gap
      850 23  -  COMMENTARY By Michael Naimark T The writer is a media artist and researcher who explores emergent media and makes immersive experiences. A story on his Google VR Artist Residency can be seen at https://medium.com/ graphy-studies-for-google-8a*****17b3#.dqi28xl9o RECENTLY, a “virtual reality accelerator” of a large multinational corporation
      850 words
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      Lock icon A slowing economy needs smarter, not more, regulations
      1063 23  -  Measures that increase output costs and product prices should be avoided.BY avoided.BY WAN SAIFUL WAN JAN T The writer is chief executive of the Institute for Democracy and Economic Affairs, and director of the Southeast Asia Network for Development. He is also
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  • LIFE & CULTURE
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      Lock icon Star Wars’ Princess Leia dies at 60
      1016 24 The American actress, screenwriter and author was a member of Hollywood royalty CARRIE FISHER: 1956-2016 AFP Los Angeles AFTER decades of fast living that her fearless Star Wars character Princess Leia would have struggled to keep up with, Carrie Fisher died on Tuesday
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      Lock icon Author of Watership Down dies at 96
      1246 24 RICHARD ADAMS: 1920-2016 NYTIMES New York RICHARD Adams, the British novelist who became one of the world’s best-selling authors with his first book, Watership Down, a tale of rabbits whose adventures in a pastoral realm of epic perils explored Homeric themes of exile,
      NYTIMES; PHOTOS: AFP, SPH FILE  -  1,246 words
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  • Page 24 Miscellaneous
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      Lock icon Page 24 Miscellaneous Column 1
      315 24 CRYPTIC CROSSWORD Across 1 Cross Cheshire, say, with lift (7,3) 6 Big Brother gets backing when suppressed by Brussels (4) 9 Work hard having got rid of rodent? (6,4) 10 Left sitting next to Mum eating Eastern dinner, maybe (4) 12 Inflammation from dusty environment (4) 13 Swimmer’s ginger hairdo
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