The Business Times, 24 November 2015

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Total Pages: 28
1 28 The Business Times
  • 34 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [1 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Tuesday, November 24,2015
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  • 28 1 MARKETS Monday Change STI 2,903.49 -14.42 KL COMP 1,670.90 +9.01 NIKKEI 225 CLOSED HANG SENG 22,665.90 -88.82 SHENZHEN B 1,207.69 -6.47 DOW (11:55 am EST) 17,847.30 +23.49
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  • Article, Illustration
    242 1 Labour and financial structures are seen as two key issues companies and policymakers should look into to help Asean work towards closer economic integration. TOP STORIES 4 China Construction Bank (Asia) plans to issue and list one billion yuan Land Maritime Silk Road bonds on Bursa Malaysia on
    242 words
  • 971 1  -  They say that during the financial crisis, consumer prices fell across the board; this time, only some segments car prices, rentals, petrol behind negative inflation By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE has logged its 12th straight month of negative inflation, marking a stretch
    Source: Department of Statistics  -  971 words
  • 712 1  -  Analysts say its distribution yield pales beside that of its blue-chip peers, but it has strong cornerstone investors By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CHINESE retailer Beijing Hualian Group (BHG) is looking to list its malls in a Singapore real-estate investment trust (Reit)
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  • TOP STORIES
    • 711 2  -  He says India will engage with Asean, including S’pore, as his country builds the India of its dreams By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore LAYING out a broad roadmap of India’s foreign policy, Prime Minister Narendra Modi said
      PHOTO: MARK CHEONG / THE STRAITS TIMES  -  711 words
    • 488 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE white-collar crime busters have come knocking on the doors of KLW Holdings, questioning two of its senior executives for possible offences and also requesting for access to certain information. This follows the Nov 4
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    • 489 2 Acquisition will be biggest this year; Pfizer chief will head combined company REUTERS BLOOMBERG New York PFIZER Inc, the maker of Viagra and Lipitor, has struck a deal to buy Bo-tox-maker Allergan plc in a transaction valued at
      REUTERS; BLOOMBERG; AFP FILE PHOTO  -  489 words
    • 641 2  -  The assets come under Edra Global, which had to abort its listing bid in Malaysia By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S beleaguered 1MDB has sold its energy assets under Edra Global Energy Bhd to China General Nuclear Power Corporation
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    • 532 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WITH Singapore’s output gap the difference between actual and potential GDP perceived to be wider than originally expected, ANZ economist Glenn Maguire believes the ongoing environment of negative inflation will stick around for longer. In an
      532 words
    • 687 4  -  Facilitating investments in these two areas needed for Asean Economic Community to work By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ECONOMIC and legal observers point towards labour and financial structures as two key issues companies and policy makers should look into to
      Source: Plummer & Chia. (2009) Realizing the ASEAN Economic Community: A Comprehensive Assessment, Singapore  -  687 words
    • 577 4  -  Notes due 2017 will be dual listed on the Hong Kong stock exchange By Pauline Ng btworld@sph.com.sg Singapore CHINA Construction Bank (Asia) Corporation plans to issue and list one billion yuan (S$ 2 2 2 million) Land
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    • 648 4 The Go-Ahead Group put in the lowest bid to run 25 services in Pasir Ris, Punggol THE STRAITS TIMES Singapore THE second government bus contract has been awarded to a foreign public transport operator, The Go-Ahead Group from Britain, with local incumbents
      THE STRAITS TIMES; PHOTO: REUTERS  -  648 words
    • 537 5  -  The finest home for S’pore and South-east Asian art opens its doors on Tuesday By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore THE biggest and most important art museum in the history of Singapore was unveiled by Prime Minister Lee Hsien Loong on Monday evening. Accompanied
      PHOTO: HELMI YUSOF  -  537 words

  • Page 3 Advertisements
    • 65 3 20 years in Singapore. 210 years of independence, stability and a proven track record in wealth management. Asset Management Wealth Management Asset Services Pictet would like to thank clients and colleagues for a successful 20 years in Singapore. >UUj ***** llllli I 5. 1 I a 19) Bank Pictet Cie
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  • Page 4 Advertisements
    • 305 4 SME OUTLOOK 2016 Challenges and Opportunities The best market intelligence is still dependent on a well-informed forecast of economic and business conditions. In collaboration with United Overseas Bank, SME Outlook 2016 will provide insights on how to operate more confidently in 2016 with expert inputs on what lies ahead, and
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    • 39 5 SCOOT MCNAIRY PRADA EYEWEAR m. m J m ■7 r 5i-i In itS* 'iV 2i. ■iv -n jSS:' fill l ■r m ■mm. .>|d IS ft® I WS.’ iW, '■m 'V\ i.Wt> 5S m rm V -V •3 m*
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  • COMPANIES & MARKETS
    • 783 6  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT COMPANIES listed on the Singapore Exchange (SGX) operate within a disclosurebased framework, which in essence means “when in doubt, disclose”. All material information that could have an impact on share prices has to be announced promptly,
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    • HOT STOCKS
      • 424 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHARES in Neptune Orient Lines soared close to a 52-week high after it unveiled exclusive talks with CMA CGM on a potential acquisition of NOL. The stock price hit S$ 1.17 at the end of Monday trading,
        Source: Bloomberg  -  424 words
      • 301 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHARES for oil and gas firm Linc Energy surged 52 per cent, or 8.2 cents, to close at 24 Singapore cents on Monday, one day after the firm told the Singapore Exchange (SGX) that it is in compliance with
        Source: Bloomberg  -  301 words
    • 752 8  -  Agritech and medtech incubator, which aborted plans to list in Canada a year ago, set to make debut on Thursday By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore JUST over a year after agritech and medtech incubator Trendlines Group aborted plans to
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    • 432 8  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore REX International Holdings through wholly owned Rex Caribbean Holding Limited (BVI) or RCH has entered into an agreement with two parties to merge their oil-related assets in Trinidad under a new entity Steeldrum Oil Company.
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    • 223 8 Singapore MALAYSIA-based builder Astaka Holdings, fresh from a reverse takeover of E2-Capital Holdings, capped trading on its maiden day on Singapore Exchange’s Catalist at 24 Singapore cents. The counter, dubbed a “pure Iskandar play”, opened at 24.5 Singapore cents
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    • 578 9  -  Outlook for hospitality, industrial sectors challenging; healthcare the only sector seen posting strong performance By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore RISKS for Singapore’s real estate investment trusts (S-Reits), specifically hospitality and industrial Reits, will rise in 2016 in view
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    • 378 9  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore UNITED Overseas Bank (UOB) on Monday launched its US$8 billion covered bond programme, as it broadens access to global funding markets. It follows DBS, which was the first Singapore bank to sell covered bonds this year. The
      378 words
    • 135 9 Singapore KEPPEL Corporation has priced an issue of S$200 million notes due 2023 under its multi-currrency US$3 billion medium term note programme. The notes bear interest at a fixed rate of 3.725 per cent per annum, payable semi-annually in arrears and the tenor of the
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    • CORPORATE DIGEST
      • 77 9 A SUBSIDIARY of Midas Holdings, Jilin Midas Aluminium Industries Co, has won four contracts worth 72.5 million yuan (S$16.1 million) to supply aluminium alloy extrusion for metro trains in China, and airport rail trains in Malaysia. All four contracts are awarded by Changchun Railway Vehicles Co and are
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      • 97 9 MALTA’S Ministry of Energy and Health has become a shareholder in a joint venture of mainboard-listed New Silkroutes Group Ltd. New Silkroutes Group in May this year formed the joint venture IEG Malta Limited with Malta Enterprise Corporation to transform the archipelago south of Italy into an
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      • 41 9 GLP has signed leases amounting to 69,000 sq m with three industry leaders JD.com, Best Logistics and STO Express –in China. All three are existing GLP customers, and will use the space to cater to growing domestic consumption.
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    • 317 9  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HEALTHCARE stocks on the Singapore bourse continue to show signs of vitality in an uncertain stock market, where investor sentiments are easily spooked. The Singapore Exchange (SGX) Healthcare Index generated a 4.9 per cent dividend-exclusive year-to-date total
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    • 703 10  -  NOL and Linc Energy shares rise, the former on hopes of a takeover and the latter due to a possible sale of assets STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT OTHER than a spike upwards in the shares of Neptune Orient Lines because of hopes
      Source: Bloomberg  -  703 words
    • 305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 -1 230/228 271 213 6.4 5769.4 CapitaLand 310 -3 315/310 379 267 11.4 2.9 *****.9 CapitaMall Trust 187.5 -0.5 188.5/187 228 184.5 5.8 6516.1 CityDev 745 -9 758/745 1095 745 9
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    • 33 10 VOLUME Elektromotive 70,000,100 LionGold 61,108,500 Sincap 54,396,200 NOL 41,998,000 Noble 36,040,500 Market volume 1,129,277,000 VALUE DBS Grp 63,362,153 NOL 49,171,508 Singtel 46,170,925 OCBC Bank 44,132,705 HongkongLand USD 34,549,864 Market value 692,866,000
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    • 77 10 Nov 23 VALUE CLOSE BT OB/OS -740.00 -13.00 BT CADI -*****.00 -78.00 BT 10-day MA -*****.00 -74.00 FTSE ST Mid Cap 674.80 -0.85 FTSE ST Small Cap 408.18 -1.84 FTSE ST All Share 701.75 -2.33 FTSE ST China Top 173.74 -0.15 FTSE ST China 213.82 +1.24 FTSE
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    • 35 10 STI FTSE ST All-Share ftse ST All-Share index NOV 23,2015 701.75 -2.33 (-0.33%) Current streak 2 days Day high 705.86 Day low 701.75 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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    • 33 10 STI MSCI EAFE MSCI EAFE index NOV 20,2015 1,754.65 -2.70 (-0.15%) Current streak 1 day Day high 1,760.46 Day low 1,750.25 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 1 0 0 0 8 3 1 Manufacturing 30 49 26 9 8 11 39 57 37 Commerce 15 18 16 3 7 5 18 25 21 Tpt/Stor/Comms 10 20 4
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    • 76 10 BY CENTS CLOSE UP 52w high/low DBXT MSTHAI US$ 1741 70.9 3.0 2300/1646 DBXT China50 US$ 3115 66.6 1.5 4258/2750 DBXT MSUSA US$ 5361 55.3 0.7 5573/4938 JMH USD 5092 41.1 0.6 6788/4502 DBXT MSCHINA US$ 1311 28.4 1.5 1750/1151 BY PERCENTAGE CLOSE UP 52w high/low ISDN W*****0 0.5
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    • 72 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 US$ ***** -113.4 -0.7 *****/***** GLD US$ ***** -109.2 -0.7 *****/***** DBXT MSEurope US$ 5572 -92.2 -1.2 6300/5225 Jardine C&C 3233 -41.0 -1.3 4269.7/2636 UOB 1977 -25.0 -1.2 2505/1820 BY PERCENTAGE CLOSE DOWN 52w high/low OLS W*****5 0.1 -50.0 -0.1 0.5/0.1
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    • 84 10 VOL CLOSE($) CHANGE Alliance Mineral 19,262.5 0.092 +0.026 +39.39 Pan Asian 202.1 0.061 -0.015 -19.74 Linc Energy 18,004.4 0.240 +0.082 +51.90 LionGold 61,108.5 0.008 -0.003 -27.27 China Auto Elec 2,243.7 0.075 +0.005 +7.14 Mewah Intl 14,708.7 0.295 +0.010 +3.51 Net Pacific Fin 300.0 0.033 +0.001 +3.13 Nordic 2,402.1
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    • 491 10  -  Compiled by Andrea Soh Singapore Strategy UOB KayHian, Nov 23 Using our in-house guidelines, the team picked up three stocks that could be winners in the next 12 months. Centurion’s (“buy”; TP: S$0.66) management is conducting share buybacks at current price. With the exception of Westlite Woodlands (TOP
      491 words
    • 111 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Nikko AM STI ETF 300 -1 309 303/300 422/283 299/300 7.2 STI ETF 295 -1 77 298/295 355/280 295/296 DBXT MSWorld US$ US455 -7 46 463/455 500/376 455/457 ABF SG Bond ETF 115.1 -0.1 15 115.2/115.1
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    • 119 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,491 11,491 26,651 26,651 Manufacturing 112,971 160,193 273,164 63,925 2,641 66,566 Commerce 72,081 41,523 113,604 78,478 2,725 81,203 Tpt/Stor/Comms 100,820 200 101,020 130,231 16 130,247 Finance 21,062 21,062 145,795 145,795 Construction 15,366 3,555 18,921 950
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    • 436 11 US up as Fed policymaker bets on December rate increase CURRENCIES BLOOMBERG London THE dollar advanced against most of its major peers as a Federal Reserve policymaker reiterated that interest rates will be increased this year if economic reports continue to be encouraging, just before growth data this week that
      BLOOMBERG  -  436 words
    • FOREX RATES
      • Article, Illustration
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      • 471 11 NOV 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.961 4.587 0.675 5.564 47.633 98.496 0.884 8.325 3.085 1.102 75.715 33.893 1.018 10.094 0.731 23.431 25.728 0.474 0.718 Canada 1.040 4.772
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      • Article, Illustration
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      • 155 11 NOV 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0175 1.0188 0.7176 0.7181 Canadian dollar 1.0588 1.0598 0.7470 0.7468 Euro 1.5072 1.5084 1.0630 1.0632 NZ dollar 0.9235 0.9244 0.6513 0.6516 Sterling pound 2.1485 2.1503 1.5153 1.5157
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      • 22 11 NOV 23 S$ Bid Offer 1-month 1.4193 1.4203 2-months 1.4206 1.4218 3-months 1.4219 1.4231 6-months 1.4250 1.4264 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 395 11 NOV 23 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov15 *****.00 *****.00 *****.50 *****.00 *****8 *****7 Dec15 *****.50 *****.50 *****.00 *****.50 *****3 ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar16 *****.00 *****.00 *****.00 *****.00 19 2650 MSCI TAIWAN
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      • 208 11 Most active NOV 23 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2.9 -0.2 7232 1 18 11 DBS MB eCW*****4 7.9 -0.4 4330 0.1 1880 5 UOB MB eCW*****4 11.1 -0.9 3370 0.1 2150 5
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      • 365 11 In local curr In S$ In US$ dy yr dy yr dy yr Nov 20 Index Change Change Change Change Change Change World Preliminary 1311.8 0.4 2.8 0.1 6.3 0.3 -0.3 EAFE Preliminary 1042.9 0.1 5.7 -0.3 5.3 -0.2 -1.1 Europe Preliminary 1455.6 0.1 5.3
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    • BANK RATES
      • 154 11 NOV 23 $S Offer Bid 0vernight 0.25 0.05 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.50 US$ Offer Bid 7 days 0.22 0.12 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.50 0.30 6 months 0.70 0.50 9 months 0.90 0.70 12
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      • 67 11 Nov 23 Nov 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.16 5-Year N*****0S 2.000 01-Jul-20 99.86 10-Year NX*****Z 2.375 01-Jun-25 98.15 98.35 98.35 15-Year NZ*****F 2.875 01-Sep-30 100.06 100.60 100.30 20-Year NZ*****V 3.375 01-Sep-33 106.53 106.70 106.65
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    • AGRI METALS ENERGY
      • 193 11 Nov-20 Price Net change change Last Trade Agricultural Nov-20 CBOT Soybeans (US cents/bu) 857.50 -2.50 -0.29% 14/01/2016 CBOT Soybean Oil (US cents/lb) 27.90 0.35 1.27% 14/12/2015 CBOT Wheat (US cents/bu) 488.50 -2.25 -0.46% 14/12/2015 Nov-20 LIFFE Cocoa (£/tonne) 2298.00 1.00 0.04% 14/12/2015 LIFFE Coffee (US$/tonne) 1539.00 9.00 0.59%
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      • 57 11 NOV 23 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2145.0 2143.0 2158.0 2139.0 266 6844 Jan 16 2245.0 2223.0 2253.0 2212.0 3978 ***** Feb 16 2310.0 2282.0 2311.0 2270.0 ***** ***** Mar 16 2352.0 2328.0
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    • 1666 12 Transaction date: Nov 23 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom vol AAT Day Div GrYld Net MCap High 153 131.5 AIMSAMP Cap Reit Company Sale 175.5 122 ARA Asset Mgmt 123 -3 622
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    • 345 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t SCnergy 10.3 25.5 14 t CMC Infocomm 29.5 18 t CNMC Goldmine.............................19.5 unch 225
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    • 133 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1060 700 CIMBASEAN40 US$ US812 +11 0 812 812 127.4 4258 2750 DBXT China50 US$ US3115 +47 2 3115 3115 8.6 135.3 106.2 DBXT MS SING US$ US109
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  • Page 6 Advertisements
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  • Page 8 Advertisements
    • 338 8 IMPROVE YOUR GAME WITH THE BUSINESS TIMES businesstimes.com.sg 1 k A i 4 V t F Master the business landscape with The Business Times. Subscribe to The Business Times All-in-One package and choose between the TomTom Golfer GPS Watch or the Samsung Galaxy Tab S2 (9.7") 4G+. le Samsung Galaxy
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  • Page 9 Advertisements
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  • Page 12 Advertisements
    • 71 12 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 13 Advertisements
    • 898 13 ARA ASSET MANAGEMENT LIMITED (incorporated as an exempted company with limited liability in Bermuda) (Company Number *****) SUBSCRIBE NOW! ARA Asset Management Limited (“ARA”) is a premier integrated real estate fund manager in Asia, established in 2002 and listed on the Main Board of the Singapore Exchange Securities Trading Limited
      898 words

  • REAL ESTATE
    • 577 14  -  Separately, CBRE has launched a freehold Sixth Avenue shophouse for sale by expression of interest By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PART of the garden at Eden Hall, the official residence of the British High Commissioner in Singapore, has been
      577 words
    • 313 14 BLOOMBERG Beijing EVERGRANDE Real Estate Group, China’s third largest developer, has bought a 50 per cent stake in Great Eastern Life Assurance’s Chinese joint venture for 3.9 billion yuan (S$866.2 million) to diversify into insurance. The insurance regulator approved the purchase and Great
      BLOOMBERG  -  313 words
    • 925 15 The city’s house prices are now the second-highest relative to incomes among developed economies BLOOMBERG Wellington EVEN with its mould-streaked bathroom and kitchen without a sink, the duplex in bayside Auckland attracted a frenzied bidding war. Now it’s one of the city’s newest mil-lion-dollar
      BLOOMBERG; PHOTO: BLOOMBERG  -  925 words
  • Page 14 Advertisements
    • 382 14 AUSTRALIAN PROPERTY EXPO MELBOURNE PERTH SYDNEY Saturday, 28 Nov 2015, 11am-7pm PARKROYAL on Beach Road Sky Ballrooms 1, 2 and 3 YEA-RS smmsgroup And save a minimum of A$5000 before the new Australian Foreign Investment Levy if contract is signed before 1st December 2015 Exclusively all Australian Property Expo 10
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    • 84 14 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices HOT PROPERTY NEWLY RENO. WOODLANDS Biz Hub. F/fitted. 200 to 1500sf. Lift lobby frontage. Canteen. Attractive
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    • 236 14 PRIME CHINATOWN CONSERVATION SHOPHOUSES AT PAGODA STREET CUSHMAN lllllllfe WAKEFIELD Estate Agents Licence No: L*****33E A pair of 3-storey conservation shophouses with an attic level Located along the main pedestrian street of Chinatown In front of Chinatown MRT entrance Total land area 279.7 sqm (approx. 3,010 sqft) Estimated built-in area
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  • Page 15 Advertisements
    • 436 15 Nassim Road Good Class Bungalow Land Plots Contact: Investment Properties 6 Battery Road, #32-01, Singapore *****9 Sammi Lim (CEA Reg No.: R*****9J) Tel: 9368 9803 Ng Li Ling (CEA Reg No.: R*****3J) Tel: 8321 7932 Proposed Site Area: Plot A Approx. 18,620 sq ft (subject to final survey) Plot B
      436 words
    • 108 15 KnightFrank.com.sg Land Area Approx. 21.16 hectares Land Tenure Leasehold 30+20+20 years from 1998 (renewable on expiry) Waterfront Length Approx. 140m Basin Approx. 140 x 60m Wharf Depth Approx. 7m FOR SALE Prime Waterfront Site Batam Island, Indonesia Location Located at Tanjung Uncang, Western Coast, Batam Island. Strategically located in Batam
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  • BANKING & FINANCE
    • 828 16 After final 28 IPOs under China’s existing online lottery system, authorities will scrap upfront payment rule, slashing the odds of a winning bid to about 0.01% BLOOMBERG Shanghai WHAT once looked like long odds of securing shares in Chinese initial public
      BLOOMBERG  -  828 words
    • 1051 16 BLOOMBERG New York DAVID Tepper says a yuan devaluation may be coming in China. John Burbank warns that a hard landing there could spark a global recession. Mr Tepper, the billionaire owner of Appaloosa Management, said last week at the Robin
      BLOOMBERG; PHOTO: REUTERS  -  1,051 words
    • 246 16 REUTERS Beijing CHINA’S top graft-buster agency has demoted four bank regulators for violating Communist Party rules and procedures, in the latest punishment issued to the country’s financial sector in President Xi Jinping’s three-year anti-corruption campaign. Wang Yanyou, Communist Party secretary at the China
      REUTERS  -  246 words
  • Page 16 Advertisements
    • 200 16 $53.50 Value.able shares with us the right mindset which every investor should have and how we can identify the extraordinary businesses in the stock market. Most importantly, it teaches us the different valuation models for stocks valuation. By following the 3 simple steps mentioned in the book, investors are able
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    • 8 16 Look out for propertydeals inournew Auction featuretodayin TheStraitsTimesClassified.
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    • 131 16 WHEEL DEAL The smarter way to sell your car sory Asian said I was not expecting to sell it for that much. t g to sell t much. s. ces atangs elp oata dothe Konam. niral xMr Ken Soo, Mr Ken Soo sold his seven-year old Toyota Alphard for $58,000
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  • THE BUSINESS TIMES CLASSIFIED Celebrate the Spirit of Giving
    • 353 17 As we herald in December with our rounds of merrymaking and feasting, let us not forget that this festive period is also about celebrating the joy of giving. The perfect way to get involved will be through #GivingWeek a national week dedicated
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    • 566 17 The countdown has begun! Here are seven awesome giving ideas that can be planned and launched in time for 1 December: Home Treasure Hunt Make way for the new year by giving away your pre-loved items. Give to charities such as the Salvation Army, or a
      566 words
    • 236 17 Get into the festive mood and unwind by catching Dream Academy’s latest production CRAZY CHRISTMAS A ground NUTCRACKER Whether you find yourself singing along to their catchy jingles or jiving to their rousing performance, you will definitely be entertained by the amazing cast
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    • 303 17 Sit back, relax, and bid. For #GivingWeek, all 11 Partners of Hogan Lovells will launch an online auction on Giving.sg to sell entertaining and amusing services, ranging from buying coffee and pastries for their team to singing to the whole office, in order to continue raising money
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  • ENERGY & COMMODITIES
    • 798 18 investors question whether the mining company should continue to target increases to dividend payouts BLOOMBERG Melbourne WHETHER BHP Billiton Ltd scraps its progressive dividend policy or not, it risks a credit ratings downgrade as the collapse in oil and iron ore shows
      BLOOMBERG; PHOTO: REUTERS  -  798 words
    • 554 18 BLOOMBERG Singapore IRON ore bear Andy Xie is sticking to his guns. The price will drop below US$40 a tonne before year-end, and trade in the US$30s in 2016 as demand in China sputters, according to Mr Xie, an independent economist
      BLOOMBERG  -  554 words
    • 592 18 BLOOMBERG New York FOR SolarEdge Technologies Inc, ties with Elon Musk are no longer something to brag about. The Silicon Valley billionaire’s SolarCity Corp is the biggest buyer of its components for photovoltaic systems. That turned SolarEdge into
      BLOOMBERG  -  592 words
  • Page 18 Advertisements
    • 228 18 NOTICES T O L L F R E E 1 8 0 0 -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
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    • 456 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) JINCO PTE LTD (Company No. *****4252W) (2) EA-DRAGON ASIA PTE. LTD. (Company No. *****3025Z) (3) MAXCC PTE. LTD. (Company No. *****2177M) (In Members’ Voluntary Liquidation) At the respective Extraordinary General Meeting of the abovenamed Companies
      456 words
    • 351 18 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF TELFSI SINGAPORE PTE. LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****3275D) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuantto Section 308 of the Companies Act (Cap. 50) the Final Meeting of the member
      351 words
    • 140 18 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HONG NGIAP TRADING PTE. LTD. (In Compulsory Liquidation) (Co. Reg. No. *****0013Z) COMPANIES WINDING UP NO. 77 OF 2009/N NOTICE OF CREDITORS’ MEETING Take notice that a meeting of creditors in the above matter will be held
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  • TECHNOLOGY
    • 601 19 PLDT will spend 43 billion pesos to expand and improve its network as it fends off competition BLOOMBERG Manila PHILIPPINE Long Distance Telephone Co (PLDT) will keep capital spending at a record level next year as the nation’s largest telecommunications
      BLOOMBERG; PHOTO: REUTERS  -  601 words
    • 774 19 WP New York A NUMBER of media companies are busy experimenting with virtual-reali-ty journalism. But the ability to produce not just consume high-quali-ty virtual-reality content quickly and cheaply is still largely out of the grasp of the average person. One
      WP  -  774 words
    • 712 19  -  Smart Cities and Smart Nations Run on data. This feature is presented by Strata Hadoop World Contributed by Ben Lorica According to a 2014 U.N. report, 54% of the world's population resides in urban areas, with further urbanization projected to push that
      712 words

  • CONSUMER
    • 510 20 However, some analysts say the price for the profitable French brand looks expensive BLOOMBERG Milan ITALIAN luxury goods group Tod’s has agreed to buy the prestigious Roger Vivier shoe brand from Tod’s biggest shareholder for 415 million euros (S$626 million), a
      BLOOMBERG; SPH FILE PHOTO  -  510 words
    • 705 20 REUTERS Madrid FROM department stores to delicatessens, Spanish retailers are anticipating their best Christmas in years as shoppers gear up for a spending spree that should help extend an economic recovery and boost a struggling jobs market. Tax cuts, low inflation and falling
      REUTERS; PHOTO: REUTERS  -  705 words
    • 407 20 REUTERS Stockholm FASHION retailer Hennes Mauritz (H&M) said on Tuesday it had agreed with IndustriALL Global Union to jointly train its direct suppliers and their workers in how to improve relations and dialogue between social partners. The Asian garment
      REUTERS  -  407 words
    • 405 20 AFP Berlin BERLIN luxury department store KaDeWe said on Sunday that it would resume selling Israeli wines it had pulled from its shelves over new European Union (EU) labelling guidelines for products from Jewish settlements. The decision to stop carrying the
      AFP  -  405 words
  • Page 20 Advertisements
    • 75 20 ASIA’S LARGEST EDUCATIONAL KIDS’ FAIR 18-20 MARCH 2016 (SCHOOL HOLIDAYS) SINGAPORE EXPO HALL 6 Be a part of SmartKids Asia 2016! CONTACT US NOW! Ms Suhaliana AM *****737 lianaali@sph.com.sg Mr Nicholas Tan *****972 tannich@sph.com.sg Mr Danial Heng *****273 danheng@sph.com.sg ©re www.smartkidsasia.com Promote and sell your brand, products and services to
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    • 37 20 My mother was a wise woman but most untiger-like. She understood me. I was, and still am, a determined and intense person.” Lee Wei Ling GET A COPY NOW! Now available at all major bookstores and www.stpressbooks.com.sg
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    • 28 20 Blow your own trumpet 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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  • TRANSPORT
    • 288 21  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FROM Wednesday, India’s Jet Airways will be boosting capacity on its daily flights between Singapore and Delhi by upgauging to the wide-body Airbus A3 30 aircraft. Currently, the carrier operates the narrow-body Boeing
      288 words
    • 951 21 NYT New York CAR owners in the United States can soon play Volkswagen engineer, courtesy of the federal government. Last month, officials gave car enthusiasts who want to beef up their car’s performance the right to tinker with vehicle software without
      NYT; PHOTO: AFP  -  951 words
    • 484 21 BLOOMBERG Oslo THE number of Norwegian offshore vessels idled with nothing to do has gone from zero to 100 in just a year. And the woes are far from over, the industry’s top lobbyist said. “The worst is still to
      BLOOMBERG  -  484 words
    • 584 21  -  Challenges include inadequate infrastructure, limited airport slots, currency depreciation, softer economic environment By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore LOW-COST carriers (LCCs) in South-east Asia are likely to continue grappling with overcapacity in the short term, although the long-term outlook
      584 words
    • 570 26 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
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  • GOVERNMENT & ECONOMY
    • 1354 22  -  With an expected growth of 6 per cent this year, Ireland tops the EU table By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Dublin COLM, a Dublin-born retired detec-tive-turned-cabbie, must have been heavy hearted when his daughter, freshly armed with a nursing qualification, packed her bags
      PHOTO: BLOOMBERG  -  1,354 words
    • 397 22 Singapore A GROUP of 19 executives from 13 public and private organisations is now in Indonesia for a five-day business mission led by the Singapore Business Federation (SBF). The delegation is visiting two major cities in Java Semarang, a city on the north coast of
      397 words
    • 340 22  - Ireland the Celtic Tiger roars again After a devastating crisis which pushed the country to near bankruptcy, Ireland is back on its feet. By Anita Gabriel BT Infographics By Anita Anita Gabriel Notes: CSO Index Central Statistics Office IMF international Monetary Fund Source: Central Bank of Ireland BT Graphics: Anita
      Source: Central Bank of Ireland; BT Graphics: Anita Gabriel & Lynette Neo  -  340 words
    • 667 23 A limited supply of available properties has made for a slow and steady recovery in residential real estate LATEST US DATA BLOOMBERG Washington SALES of previously owned US homes retreated in October from the second highest level since 2007 as lean inventory limited momentum
      BLOOMBERG  -  667 words
    • 540 23 REUTERS London BUSINESS activity in the eurozone picked up at its fastest pace since mid-2011 this month and far faster than expected as a weak currency and price cutting helped drive new orders, a survey showed on Monday. While the upturn in activity
      REUTERS; PHOTO: BLOOMBERG  -  540 words
    • 586 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo A STUDY published on Monday by the Asian Development Bank (ADB) describes Asia as still being a highly fragmented continent where economic integration is concerned, and calls for greater effort to be put into integration to
      586 words
    • 382 23 REUTERS Kuala Lumpur CHINA will buy more Malaysian government bonds and give the country a 50 billion yuan (S$ 11.1 billion) quota to invest in Chinese stocks and bonds as it looks to strengthen ties with South-east Asia. Premier Li Keqiang announced
      REUTERS  -  382 words
    • 496 23 REUTERS Hong Kong HONG Kong’s pro-democracy movement got a boost on Monday with about eight candidates involved in crippling protests last year winning office at district-level elections, while some veterans from both sides of the political divide suffered defeat. The election
      REUTERS  -  496 words


  • OPINION
    • 657 24 EDITORIAL BEIJING’S efforts last week to keep the region’s attention away from its disputes in the South China Sea during the Asia-Pacific Economic Cooperation (Apec) meeting and the Asean-related talks in Kuala Lumpur were always going to fail. Even before
      657 words
    • 772 24  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP THE horrific massacre in Paris reminds us of the Achilles’ heel of American foreign policy. Ever since World War II, our foreign policy has rested on an oft-silent presumption that shared prosperity
      THE WASHINGTON POST WRITERS GROUP  -  772 words
    • 1382 24  -  A coordinated strategy that includes Iranian and Kurdish forces operating on the ground is necessary to bring the terrorist group to its knees. BY MOHAMMED AYOOB knees.BY MOHAMMED AYOOB T The writer is University Distinguished Professor Emeritus of international Relations, Michigan State University, and
      PHOTO: AFP  -  1,382 words
    • 994 25 COMMENTARY WITH just over a week until the UN’s Framework Convention on Climate Change (UNFCCC) 21st Conference of the Parties (COP21) in Paris, the financial sector is increasingly focused on the role that it can play to support the transition towards low carbon,
      994 words
    • 1743 25  -  Recent data shows that the trend of asset outflows may be reversing as more investors are putting their money back to work in emerging markets. BY MARK MOBIUS markets.BY MARK MOBIUS T The author is executive chairman, Templeton Emerging Markets Group CLEARLY this year has
      PHOTO: AFP  -  1,743 words


  • Page 26 Advertisements
    • 192 26 PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOB WONG AT 9620 132 ~I FORWARDER urgently needed b>y shippers ADVERTISE, CALI IOE WOIMG AT 9620 'I m Can they find your servio here in -the Shipping Time Tl li: BUSINESS TIMKS S PING TIMES Highlight Your Company Anniversary
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  • LIFE & CULTURE
    • 974 27 Student group Black Justice League demands that the university publicly acknowledge his racist legacy NYT Princeton, New Jersey FEW historical figures loom as large in the life of an Ivy League university as Woodrow Wilson does at Princeton. As
      NYT; PHOTO: NYT  -  974 words
    • 387 27 BLOOMBERG New York MAYBE it is due to our evolution from the era of cavemen when the strongest and fastest hunters would have the biggest bounty to eat. Or maybe it is just another example of the male perception of
      BLOOMBERG  -  387 words
    • 628 27 BLOOMBERG London HAKKASAN Group, which grew from a basement Chinese restaurant on a side street in London to become a Miche-lin-starred global hospitality player, will step up its international expansion next year by adding two new establishments in the US as
      BLOOMBERG; PHOTO: BLOOMBERG  -  628 words
  • Page 27 Miscellaneous
    • 316 27 CRYPTIC CROSSWORD Across 1 Trick by internet pest to meet that female cockney financial supervisor (10) 6 People usually do not want to be seen in this spa (4) 8 Dismiss when scores are level (3,5) 9 Season well (6) 10 Psychotic called to visit 27 (8) 11 Where entry
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  • SME
    • 1717 28  -  Asia Galvanising aims to educate consumers about how a protective coating is added to steel, and how that can protect their properties. BY VIVIEN ANG vivang@sph.com.sg ON March 12, 2012, the day that Asia Galvanising opened its steel gates for business, one might have thought that the
      PHOTOS: LAURA NG  -  1,717 words
  • Page 28 Advertisements
    • 218 28 OKI Open up your dreams C mmr FREE your business from expensive and complicated leasing contracts w Launch Special Receive up to $500 vouchers and free 3-year warranty! :.r' 7. 5* Do you really need to lease your office equipment? If you think leasing your copier machine is going to
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