The Business Times, 25 November 2015

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Total Pages: 30
1 30 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 [3 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Wednesday, November 25,2015
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  • Article, Illustration
    153 1 Stocks fell from Moscow to London while Turkey’s lira weakened after the country said it had shot down a Russian jet. The yen climbed with gold, and government bonds rose as investors sought havens. TOP STORIES 2 Marco Polo Marine has started the legal process to seek a
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  • 1066 1  -  Both premiers reaffirm their countries’ close relationship during Modi’s visit and witness signing of various bilateral pacts By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE and India have elevated their bilateral relationship to a new level, with the signing of a Strategic Partnership
    PHOTO: LIM SIN THAI/ THE STRAITS TIMES  -  1,066 words
  • 841 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Securities Investors Association (Singapore) (SIAS) has raised the concerns of Tiger Airways’ minority shareholders with Singapore Airlines (SIA), flagging that the minority shareholders feel SIA’s offer price to delist and privatise the budget
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  • 29 1 MARKETS Tuesday Change STI 2,923.49 +20.00 KL COMP 1,677.03 +6.13 NIKKEI 225 19,924.89 +45.08 HANG SENG 22,587.63 -78.27 SHENZHEN B 1,211.75 +4.06 DOW (10.45 am EST) 17,694.64 -98.04
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  • Page 1 Advertisements
    • 13 1 8"*****1 *****4 STRAIT TALK Gloomy reading from at least two quarters TRANSPORT 24
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    • 23 1 OVERSEAS PROPERTY Greater London set to outperform prime in 2016 REAL ESTATE 17 MONEY MATTERS The end of fiscal obstruction EXEC MONEY 29
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    • 86 1 W J ‘V Asean's quest v l g 1 for relevance, r -,#__'__1,___&&_ purpose <=-rj -$2. V OPINION/27 India among most open in world for investment: Modi, Page 2 WE ARE ONE PART HISTORY AND ONE PART FUTURE. WHAT CAN WE DO FOR YOUR TOMORROW TODAY? >> Discover our approach
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  • TOP STORIES
    • 952 2  -  He says his government has been successful in restoring the credibility of the nation in the eyes of global players By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SPEAKING at the India-Singapore Economic Convention at Marina Bay Sands on Tuesday, Indian Prime
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    • 360 2  -  REUTERS BREAKINGVIEWS By Una Galani Hong Kong MALAYSIA is getting another sovereign lifeline. State-owned China General Nuclear Power will buy the energy assets of troubled sovereign fund 1 Malaysia Development Berhad (1MDB) for RM9.83 billion (S$3.3 billion). That is a big step towards
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    • 602 2 BLOOMBERG AFP London STOCKS fell from Moscow to London, while Turkey’s lira weakened after the country said it shot down a Russian jet near the Syrian border. The yen climbed with gold, and government bonds rose as investors sought havens.
      BLOOMBERG; AFP  -  602 words
    • 613 2 LATEST US DATA REUTERS Washington THE US economy grew at a healthier clip in the third quarter than initially thought, suggesting resilience that could help give the Federal Reserve confidence to raise interest rates next month. The
      REUTERS  -  613 words
    • 820 4  -  But overall office investment sales in Singapore remain tepid By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SUNTEC City has seen a revival in office transactions this year, reflecting a bridging in buyers’ and sellers’ price expectations after an absence of deals last
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    • 510 4 BLOOMBERG New York NOBLE Group Ltd, the commodity trader seeking to preserve its invest-ment-grade status, fell in Singapore after Standard Poor’s joined Moody’s Investors Service in reviewing the company’s ratings amid concern about its liquidity. “I would say there’s more than a
      BLOOMBERG  -  510 words
    • 852 4  -  Figures show their reserve buffers can support payouts By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MOST of the 10 major life insurers here now have less of an excuse not to pay out non-guaranteed benefits or bonuses on their products
      Source: Monetary Authority of Singapore, compiled by Wen Research  -  852 words
    • 480 6  -  US-based McDermott pips two rivals with lowest bid in international tender to find contractors to develop oil and gas fields off eastern India By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore INDIA’S largest oil-and-gas exploration and production company, Oil Natural Gas Corporation (ONGC), is moving
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    • 322 6  -  By Justine Moss Singapore THERE may have been a slight rain delay to the start of the final round of this year’s Business Times Corporate Golf League, presented by Audi Singapore, but that did nothing to dampen the enthusiasm or play
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  • Page 4 Advertisements
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  • Page 6 Advertisements
    • 89 6 The Italian Trade Commission in Singapore invites you to meet the Italian companies in the occasion of the seminar ITALIAN RENEWABLE ENERGY ENERGY EFFICIENCY SEMINAR AND BUSINESS MEETINGS IN SINGAPORE 1 December 2015 Tuesday 9.30am 5.45pm The Ritz Carlton Hotel, Millenia 2 3 (Level 2) Free admission only for trade
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    • 249 6 IMPROVE YOUR GAME WITH THE BUSINESS TIMES businesstimes.com.sg i r 4 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 GalaxyTab S2 (9.7") 4G+. Receive the TomTom Golfer GPS Watch worth $429 Top
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  • COMPANIES & MARKETS
    • 451 8  -  It is seeking refund of at least US$21.4m from SembMarine unit PPL Shipyard By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore MARCO Polo Marine has started the legal process to seek a refund of at least US$21.4 million from Sembcorp Marine (SembMarine) after the
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    • 392 8  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore ROWSLEY Limited, as part of an expansion of its hospitality business, has entered into a joint venture to invest and redevelop a historic building in the UK with two former Manchester United football stars. The firm said
      PHOTO: BRITISH LISTED BUILDINGS  -  392 words
    • 323 8 REUTERS Singapore THE Singapore Exchange (SGX) is reviewing its listed companies’ compliance with corporate governance rules, a senior official said, as the bourse seeks to boost its credentials as a front-line regulator. Unexplained deviation from the code could lead to action against listed companies, Tan
      REUTERS; PHOTO: BLOOMBERG  -  323 words
    • 298 8  -  By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore AS at Monday’s close, the Straits Times Index may be 13.7 per cent down for the year but according to the Singapore Exchange’s investor education portal, the STI offers Asia's highest dividend yield at 4.2 per cent
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    • 491 10  -  Baker Tilly highlights unrecovered receivables of 180m yuan and possible non-compliance with Catalist rules By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore CHINESE real estate firm Cedar Strategic Holdings has displayed numerous weaknesses and/or lapses in corporate governance, internal controls, and possible non-compliance with the
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    • 579 10  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur SHARES of AMMB Holdings Bhd (Ambank group) slid by 0.7 per cent to RM4.56 on Tuesday after it revealed that it had agreed to pay Malaysia’s central bank nearly RM54 million (S$18 million) in penalty
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    • 496 13  -  Contract with Pertamina in the cabotage-protected Indonesian waters fails to materialise in time By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MERMAID Maritime is set to release a charter-in subsea vessel, Nusantara, owned by Miclyn Express Offshore (MEO), after a multi-year contract with Pertamina in
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    • 571 13 BLOOMBERG Singapore BORROWERS in Singapore, so far spared from a wave of defaults in the oil services industry, are starting to ask creditors to cut them some slack. Three companies including DynaMac Holdings Ltd, part-owned by Keppel Corp, this month
      BLOOMBERG  -  571 words
    • 224 13 BLOOMBERG Hong Kong CHOW Tai Fook Jewellery Group Ltd, the world’s largest publicly traded jewellery chain, reported that firsthalf profit plunged 42 per cent amid weak demand in Hong Kong and Macau as China’s economic slowdown hurt sales of
      BLOOMBERG  -  224 words
    • 687 14  -  Index up 20 points at 2,923.49, likely due to short-covering ahead of an expected Tuesday rebound on Wall Street STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Tuesday rebounded 20 points to 2,923.49, most probably thanks to shortcovering in mainly the
      Source: Bloomberg  -  687 words
    • 305 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 +4 234/228 271 213 6.3 5870.6 CapitaLand 313 +3 317/310 379 267 11.5 2.9 *****.2 CapitaMall Trust 188.5 +1 190.5/187 228 184.5 5.8 6550.9 CityDev 752 +7 757/745 1095 745 9
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    • 34 14 VOLUME Vashion 61,456,600 Magnus Energy 53,152,500 Noble 51,555,900 Oceanus 47,649,000 Ezra 45,495,400 Market volume 1,458,987,000 VALUE HongkongLand USD 52,440,941 Singtel 50,272,660 DBS Grp 45,916,976 OCBC Bank 41,922,904 UOB 31,917,321 Market value 830,742,000
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    • 108 14 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Lyxor ChinaH US$ US1419 -9 127 1431/1415 2055/1250 1388/1420 78 IS MS INDIA US$ US667 +2 107 672/667 1000/648 665/668 83.4 STI ETF 298 +3 85 299/295 355/280 297/298 IS Asia BND US US1031 cd -1
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    • 77 14 Nov 24 VALUE CLOSE BT OB/OS -646.00 +94.00 BT CADI -*****.00 +41.00 BT 10-day MA -*****.00 -64.00 FTSE ST Mid Cap 677.03 +2.23 FTSE ST Small Cap 409.21 +1.03 FTSE ST All Share 705.85 +4.10 FTSE ST China Top 174.52 +0.78 FTSE ST China 214.16 +0.34 FTSE
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    • 35 14 STI FTSE ST All-Share ftse ST All-Share index NOV 24,2015 705.85 +4.10 (+0.58%) Current streak 1 day Day high 708.74 Day low 701.24 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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    • 33 14 STI MSCI EAFE MSCI EAFE Index NOV 23,2015 1,743.74 -10.91 (-0.62%) Current streak 2 days Day high 1,751.43 Day low 1,738.00 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • 186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 3 0 0 0 6 5 3 Manufacturing 39 27 33 7 11 8 46 38 41 Commerce 18 19 9 1 4 6 19 23 15 Tpt/Stor/Comms 17 7 8
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    • 120 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,726 14,726 48,254 48,254 Manufacturing 112,429 145,686 258,115 100,001 3,981 103,982 Commerce 158,273 55,666 213,939 57,589 4,504 62,093 Tpt/Stor/Comms 114,481 451 114,932 123,581 37 123,618 Finance 29,436 4 29,440 135,935 135,936 Construction 6,702 5,126 11,828
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    • 73 14 BY CENTS CLOSE UP 52w high/low JSH USD 2805 73.6 1.9 3703/2611 DBXT iBoxxKR US$ ***** 58.0 0.3 *****/***** SPDR DJIA US$ ***** 49.5 0.2 *****/***** GLD US$ ***** 21.2 0.1 *****/***** Keppel Corp 684 15.0 2.2 954/632 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.5 25.0 0.1 0.9/0.1
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    • 77 14 BY CENTS CLOSE DOWN 52w high/low DBXT DBCBLEB US$ 1110 -338.1 -17.7 1599/1110 Lyxor Indonesia US$ 7174 -189.6 -1.8 9182/6250 DBXT E50 US$ 4738 -97.6 -1.4 5300/4350 DBXT China50 US$ 3088 -38.2 -0.9 4258/2750 DBXT MSCHINA US$ 1291 -28.3 -1.5 1750/1151 BY PERCENTAGE CLOSE DOWN 52w high/low Vashion 0.3
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    • 79 14 VOL CLOSE($) CHANGE Nordic 14,561.9 0.194 -0.026 -11.82 Oceanus 47,649.0 0.004 -0.001 -20.00 Sincap 42,494.8 0.068 -0.008 -10.53 Alliance Mineral 19,542.5 0.087 -0.005 -5.44 Elektromotive 7,500.2 0.003 -0.001 -25.00 Magnus Energy 53,152.5 0.004 -0.001 -20.00 KLW 17,620.1 0.006 -0.001 -14.29 Mercurius 8,142.0 0.012 -0.002 -14.29 Linc Energy 5,841.1
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    • 443 14  -  Compiled by Andrea Soh Consumer sector Neutral OCBC Investment Research, Nov 24 Stocks under our coverage for the consumer sector posted a mixed bag of results for the year, amid challenging regional economic conditions and muted retail environment. We observed that companies focused on cutting costs, and/or continued
      443 words
    • 22 14 DATA I 25 Nov Singapore GDP I 25 Nov US MBA Mortgage Applications I 25 Nov US Personal Income and Outlays
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    • 399 15 CURRENCIES REUTERS London THE dollar eased from an eight-month peak against a basket of currencies on Tuesday, falling against the yen and the Swiss franc as a rise in tension between Russia and Turkey spurred inflows into traditional safe haven currencies. The greenback shed 0.3
      REUTERS  -  399 words
    • FOREX RATES
      • Article, Illustration
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      • 471 15 NOV 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.962 4.607 0.678 5.588 47.852 98.856 0.884 8.313 3.070 1.104 76.100 33.958 1.020 10.203 0.735 23.535 25.803 0.476 0.721 Canada 1.040 4.790
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      • 2 15
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      • Article, Illustration
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      • Article, Illustration
        1 15
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      • 22 15 NOV 24 S$ Bid Offer 1-month 1.4161 1.4164 2-months 1.4175 1.4178 3-months 1.4190 1.4194 6-months 1.4220 1.4226 Source: OCBC
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      • 155 15 NOV 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0197 1.0205 0.7208 0.7213 Canadian dollar 1.0603 1.0608 0.7498 0.7495 Euro 1.5044 1.5051 1.0634 1.0638 NZ dollar 0.9232 0.9240 0.6526 0.6531 Sterling pound 2.1414 2.1423 1.5137 1.5142
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    • EQUITY BONDS WARRANTS FUTURES
      • 203 15 NOV 24 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****9 0.2 ***** 1 1 100 3.00 60 DBS MB eCW*****4 8.3 0.4 6046 0.1 1880 5 Rowsley Ltd W*****3 3 0.1 4776 1 18
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      • 365 15 In local curr In S$ In US$ dy yr dy yr dy yr Nov 23 Index Change Change Change Change Change Change World Preliminary 1311.2 0.1 2.8 0.4 6.5 -0.1 -0.5 EAFE Preliminary 1040.6 -0.2 5.4 -0.2 5.2 -0.6 -1.8 Europe Preliminary 1450.3 -0.4 5.0
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      • 395 15 NOV 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov15 *****.50 *****.00 *****.00 *****.50 *****4 *****6 Dec15 *****.50 *****.00 *****.50 *****.00 *****4 *****2 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar16 *****.00 *****.00 *****.00 *****.00 422 2664 MSCI TAIWAN
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    • BANK RATES
      • 154 15 NOV 24 $S Offer Bid 0vernight 0.45 0.25 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.75 US$ Offer Bid 7 days 0.22 0.12 1 month 0.25 0.15 2 months 0.40 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 15 Nov 24 Nov 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.24 5-Year N*****0S 2.000 01-Jul-20 100.12 100.30 100.20 10-Year NX*****Z 2.375 01-Jun-25 98.5 98.60 98.35 15-Year NZ*****F 2.875 01-Sep-30 100.58 100.85 100.41 20-Year NZ*****V 3.375 01-Sep-33 107.16
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    • AGRI METALS ENERGY
      • 193 15 Nov-23 Price Net change change Last Trade Agricultural Nov-23 CBOT Soybeans (US cents/bu) 864.25 6.75 0.79% 14/01/2016 CBOT Soybean Oil (US cents/lb) 27.91 0.01 0.04% 14/12/2015 CBOT Wheat (US cents/bu) 495.00 6.50 1.33% 14/12/2015 Nov-23 LIFFE Cocoa (£/tonne) 2261.00 -37.00 -1.61% 14/12/2015 LIFFE Coffee (US$/tonne) 1506.00 -33.00 -2.14%
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      • 57 15 NOV 24 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2136.0 2128.0 2155.0 2125.0 867 7403 Jan 16 2232.0 2216.0 2242.0 2215.0 2570 ***** Feb 16 2293.0 2275.0 2303.0 2273.0 ***** ***** Mar 16 2339.0 2319.0
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    • 1920 16 Transaction date: Nov 24 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom vol AAT Day Div GrYld Net MCap High 153 131.5 AIMSAMP Cap Reit 135 -0.5 19 136.5 135 1 8.2 856.8 Company 175.5
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    • 386 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) 1 0.3 t Advanced Systems 0.4 unch 60 0.4 0.4 10.5 Day Low Div C'vr 0.9 0.2 t Annica Net P/E MCap 35 10 t SCnergy
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    • 114 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1060 700 CIMBASEAN40 US$ US821 +9 6 821 818 128.8 4258 2750 DBXT China50 US$ US3088 -27 4 3088 3079 8.5 High 446 226 DBXT MSBrazil US$ US271
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  • Page 8 Advertisements
    • 1031 8 •>> Trendlines Medical Agtech Labe THE TRENDLINES GROUP LTD. (Company Registration No.: *****0947) (Incorporated in Israel on 1 May 2007) PLACEMENT OF 75,760,000 PLACEMENT SHARES AT S$0.33 FOR EACH PLACEMENT SHARE, PAYABLE IN FULL ON APPLICATION Capitalised terms used in this announcement, unless otherwise defined in this announcement, shall have
      1,031 words


  • Page 10 Advertisements
    • 144 10 Deutsche Bank db.com d Forging strong client partnerships globally 'perf-fbYw- i "tin -M m h 3m. I Pi I inr Mp ■asa "fpr #1 w®-* m* i'u-^Sfayl M I i f rv I rSJF I r it.,. t S’ v mm N V p a >>» 1 V, -sac r
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  • Page 12 Advertisements
    • 143 12 SINGAPOREAN OF THE YEAR 2015 SHORTLISTED FINALISTS Wong Li Wai Most people flee from Ebola. But volunteer nurse Li Wai braved the heat, panic and risk of infection to fight the epidemic on the front line for five weeks. Her story is one of true courage and compassion. Ben Cheong
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  • Page 13 Advertisements
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    • 36 13 GINGER m SPICE everutnituj nice K "|iS( HIM cevraie inis Seas an For reservations or orders, www.marinamandarin.com.sg/dining www.marinamandarin.com.sg/mms/hampers MARINA MANDARIN 6 Raffles Boulevard, Marina Square, Singapore *****4 I T: 6845 1000 F: 6845 1001 I www.meritushotels.com
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  • Page 16 Advertisements
    • 84 16 SG Did You Know? SGX hosts the first inverse ETF tradable in Asia DBXT S&P 500 Inverse Daily UCITS ETF (HD6). Learn more about the 87 ETFs at sgx.com/etf Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or
      84 words

  • REAL ESTATE
    • 991 17  -  Knight Frank expects home prices in that region to rise 5% next year, versus just 2% in prime central London By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore STRONG growth in home prices has rippled outward from prime central London to Greater London. So
      Source: Knight Frank  -  991 words
    • 278 17 Tampines plot has 20-year tenure while Woodlands parcel has 30-year leasehold JTC has launched a Confirmed-List site in Tampines Industrial Drive and a Reserve-List site in Woodlands Height under the industrial government land sales (IGLS) programme for the second half of
      278 words
    • 277 17 BLOOMBERG New Delhi INDIA may offer more tax breaks to encourage investment in the housing sector as Prime Minister Narendra Modi looks to revive economic activity in Asia’s third-largest economy, two people familiar with the matter said. Finance minister Arun Jaitley
      BLOOMBERG  -  277 words
    • 632 17 BLOOMBERG Stockholm AS a wintry chill settles over Sweden and the government struggles to find shelter for tens of thousands of refugees who have streamed across the border, the Nordic country’s biggest construction company Skanska AB says the private sector should be brought
      BLOOMBERG  -  632 words
  • Page 17 Advertisements
    • 140 17 2-STOREY INDUSTRIAL BUILDING AT UBI FOR SALE 'Sr' Brenda Ong Maverick Li (CEA Reg No.: R*****4Z) (CEA Reg No.: R*****8A) Tel: 9616 3336 Tel: 9069 0053 Address 51 Ubi Avenue 3 Land Area Approx. 128,819 sqft Gross Floor Area Approx. 167,692 sqft Tenure: 30 30 years with effect from 1
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  • BANKING & FINANCE
    • 1014 18 Foreign banks stand to win management control if they buy and merge two local lenders, but tough reality awaits BLOOMBERG Singapore FOREIGN banks that have been frustrated trying to break into one of the world’s most profitable countries for
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,014 words
    • 493 18 BLOOMBERG Kuala Lumpur AT first glance, Malaysian banking stocks may look tempting, after a share plunge took valuations to the lowest since the global financial crisis in 2009. Some funds are considering them again. For David Ng, the time to buy is a
      BLOOMBERG  -  493 words
    • 486 18  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore UNITED Overseas Bank (UOB) has promised to leapfrog the competition in the mobile banking space, with its latest offering aimed at taking contactless payment to a different level. It officially launched its mobile application, known as
      486 words
  • Page 18 Advertisements
    • 199 18 You may have considered the Fundamentals on Stocks, Warrants, Options, Commodities, Futures and Derivatives but there is still one VITAL and IMPORTANT skill that increases your Profits. That SKILL is Optimal Transaction Timing for PROFITS using Technical Analysis. Acquire this Knowledge and Skill from our esteemed speaker Robert Tay who
      199 words
    • 104 18 ST OBS 2016 GRAB YOUR CHANCE TO MEET YOUR IDEAL CANDIDATES! Be a part of the STJobs Express Fair 2016. 9 w BOOK YOUR SPACE NOWS Limited Booths Available a Showcase your company’s profile to a broad spectrum of jobseekers. Reach out and discuss job opportunities with jobseekers on the
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    • 13 18 Anti-graft investigators probe twobrokerages inShanghai To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • ENERGY & COMMODITIES
    • 697 19 Shift to renewable energy creates volatility that makes it impossible for humans to efficiently comply with risk limits BLOOMBERG Frankfurt GERMANY’S shift to renewable energy has created a power market so volatile that humans are having trouble keeping up with it. Four-year-old Grundgruen
      BLOOMBERG; PHOTO: AFP  -  697 words
    • 633 19 BLOOMBERG London IT’LL take more than US$40 crude to make the Organization of the Petroleum Exporting Countries (Opec) change its mind, analysts said before the group’s Dec 4 meeting in Vienna. In the year since Opec chose to defend its market
      BLOOMBERG  -  633 words
  • Page 19 Advertisements
    • 224 19 IMPACT, OPPORTUNITIES CHALLENGES The ASEAN Economic Community THE BUSINESS TIMES MAYBANK KIM ENG #\NVESTAS\A2016 The ABC encompassing 10 countries more than 600 million people, is targeted to come into effect this year. How will it change the region? What are its implications for politics and economics? What will it mean
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  • TECHNOLOGY
    • 1195 20 Apple, Microsoft and Facebook are split on whether artificial intelligence with personality risks alienating users REUTERS San Francisco WHEN users askSiri, Apple’s digital assistant, what she likes to drink, she is quick with an answer. “I have a thirst for knowledge,” she responds. Her
      REUTERS; PHOTO: REUTERS  -  1,195 words
    • 665 20 BLOOMBERG Seoul SOUTH Korea’s online messaging services, teaching WhatsApp lessons in how to generate revenue, are also scoring victories in the bond market as investors shun the nation’s manufacturers. Naver Corp, whose Line app is the market leader in Japan,
      BLOOMBERG; PHOTO: REUTERS  -  665 words
    • 376 20 REUTERS London BLOCKCHAIN technology could reduce the role of intermediaries such as banks and settlement houses, the Bank for International Settlements or “the central bankers’ central bank” said in a report on Monday. Blockchain technology or distributed ledger technology, as many financiers
      REUTERS  -  376 words
  • Page 20 Advertisements
    • 66 20 SELL YOUR CAR AT THE BEST PRICE Fetch the best price for your car in 3 simple steps: Call our Wheel Deal specialists at*****889 or visit www.wheeldeal.com.sg and provide details of your car WHEEL DEAL The smarter way to sell your car If you are satisfied with the offer, fix
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  • CONSUMER
    • 765 21 Lack of succession plans for the 92-year-old chairman of the board for both media giants is a worry for the firms AFP San Francisco AT 92, Sumner Redstone is making no moves towards retiring. And that is a worry for the two
      AFP  -  765 words
    • 408 21 BLOOMBERG Tokyo SHARP Corp climbed a third day in Tokyo after reports the debt-strapped display maker’s main lenders were considering forgiving loans to facilitate an investment by a govern-ment-backed investment fund. The shares surged 14 per cent to close at 150 yen,
      BLOOMBERG  -  408 words
    • 759 21 This follows drop in sales in China after an anti-graft campaign REUTERS Cognac, France FRANCE’S centuries-old cognac houses are raising their bets on the US market with new products and campaigns to broaden the drink’s appeal beyond its African-American stronghold. The
      REUTERS; PHOTO: REUTERS  -  759 words
    • 263 21 Pictet-Absl Rtn Fxd Inc-HP EUR 19/11/2015 EUR 102,75 Pictet-Absl Rtn Glo Div-P EUR 19/11/2015 EUR 116,73 Pictet-Asian Equities Ex Japan-P USD 20/11/2015 USD 187,95 Pictet-Asian Local Currency Debt-P USD 20/11/2015 USD 142,82 Pictet-Biotech-P USD 19/11/2015 USD 754,42 Pictet-Clean Energy-P USD 19/11/2015 USD 74,63 Pictet-Digital Communication-P USD 19/11/2015 USD 235,44
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  • Page 21 Advertisements
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    • 72 21 ITSHOW 2016 10-13 March 2016 SUNTEC Singapore Levels 3,4&6 L3,11am-9pm L4&L6,12-9 pm itshow.sg fb.com/ComexITShow NOW! Singapore’s LARGEST I.T. consumer electronics exhibition. Thousands of consumers will be there to buy your tech products services! Organiser of IT SHOW, Food and Book Your Space NOW! *Limited Booths Available Call *****620 or email
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    • 82 21 I said the light that has guided us all these years has been extinguished. But that is not quite so. For Mr Lee’s principles and ideals continue to invigorate this government and guide our people. His life will inspire Singaporeans, and others, for generations to come. Lee Hsien Loong, Singapore
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    • 163 21 NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 JUMBO CAPITAL GAIN INC. (Company Number: *****30) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation
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  • GOVERNMENT & ECONOMY
    • 608 22  -  Increases will start from the next fiscal year and are aimed at strengthening consumer spending and boosting economic growth By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN will raise the minimum wage by 3 per cent each year from the next fiscal year as part
      PHOTO: REUTERS  -  608 words
    • 432 22 The region represents a key part of Beijing’s “Belt and Road” strategy REUTERS Suzhou CHINA on Tuesday proposed setting up a new multilateral financing institution to support project lending in Central and Eastern Europe, as it looks to strengthen its influence
      REUTERS  -  432 words
    • 212 22 REUTERS Suzhou CHINESE Premier Li Keqiang said on Tuesday that China was on track to reach its economic growth target of about 7 per cent this year, and the economy was going through adjustments to maintain reasonable medi-um-to long-term
      REUTERS  -  212 words
    • 408 22 REUTERS Tokyo JAPAN will expand handouts to beef and pork farmers by raising the percentage of losses covered by the government to 90 per cent from 80 per cent now, according to a draft of the policy outline for a Trans-Pacific
      REUTERS  -  408 words
    • 495 22 BLOOMBERG Beijing POWER Assets Holdings Ltd shareholders rejected a US$12.4 billion buyout offer from billionaire Li Ka-shing, dealing a rare setback for Hong Kong’s richest man as he seeks to consolidate his utilities and infrastructure businesses before handing over control of his empire
      BLOOMBERG; PHOTO: REUTERS  -  495 words
    • 304 22 REUTERS Kuala Lumpur MALAYSIA’S biggest political party faces a trust deficit, a minister warned, highlighting the impact of a months-long political scandal surrounding Prime Minister Najib Razak. Members are losing their connection to the United Malays National Organisation (Umno), which leads the ruling
      REUTERS  -  304 words
    • 674 23  -  There are expansion opportunities for Singapore companies not just in Manila, but in places such as Cebu province, says the Philippines-Singapore Business Council By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE time is ripe for Singapore companies to invest in the Philippines, with scores of lucrative
      PHOTO: BLOOMBERG  -  674 words
    • 464 23 REUTERS Mumbai THREE banks snapped up almost 90 per cent of bonds sold by Indian states to foreigners, and turned them into derivatives, raising the prospect of more volatility in one of Asia’s best performing debt markets. Several market
      REUTERS  -  464 words
    • 537 23 Private consumption up 0.6% in Q3; state spending jumps 1.3% REUTERS BLOOMBERG Berlin A RISE in German private consumption and higher state spending on refugees more than compensated for weakness in foreign trade, helping Europe’s biggest economy to grow at a modest,
      REUTERS; BLOOMBERG  -  537 words
    • 576 23 BLOOMBERG Sydney RESERVE Bank of Australia (RBA) governor Glenn Stevens expects global interest rates will be very low for “a good part” of the decade ahead and reiterated that low inflation gives local policy makers scope to reduce
      BLOOMBERG  -  576 words
    • 452 23 BLOOMBERG AFP Washington US Federal Reserve chair Janet Yellen, responding to a letter calling for higher interest rates on behalf of savers, said Americans would have been worse off had the central bank not kept rates near zero since 2008, and repeated that
      BLOOMBERG; AFP  -  452 words

  • Page 23 Advertisements
    • 502 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) CAPITARETAIL IYC INVESTMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****3399Z) (2) CAPITARETAIL NS INVESTMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****6231W) (3) CAPITARETAIL VS INVESTMENT PTE. LTD. (IN MEMBERS’
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  • TRANSPORT
    • 1023 24  -  But IHS trade analyst says big data can help the industry plan its operations more accurately, though the bleakness will still probably make investors look the other way STRAIT TALK BY DAVID HUGHES IF YOU are in the shipping business, you probably don’t
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    • 348 24  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines chief executive Goh Choon Phong was awarded the 2015 Asia Pacific Airline CEO of the Year at the Capa Asia Pacific Aviation Awards for Excellence in recognition of his efforts to
      PHOTO: CAPA  -  348 words
    • 392 24 REUTERS London LUXURY British carmaker Jaguar Land Rover (JLR) will post a lower pre-tax profit in 2015 than in the previous fiscal year, due to major investments and a blast at China’s Tianjin port that destroyed thousands of its cars, its
      REUTERS; PHOTO: BLOOMBERG  -  392 words
    • 296 24 BLOOMBERG Shanghai ZHANG Hang is about as far as it gets from the old stereotype of an Audi buyer in China: She’s in her early 30s, a woman, and neither a government official nor a rich businessman. “Audi drivers are
      BLOOMBERG  -  296 words
    • 217 24 Singapore AIRCRAFT leasing company BOC Aviation has placed an order for 22 Boeing 737 family aircraft scheduled for delivery from 2018 to 2021 as the firm seeks to boost its fleet to fulfil customer demand. This latest order comprises 11 Boeing Next Generation
      217 words
    • 640 24 BLOOMBERG Frankfurt VOLKSWAGEN AG (VW) said that it has approval to repair most of its rigged European diesel engines and made a deal with US regulators to resubmit questionable software for review in 85,000 other vehicles, signs of progress in its effort
      BLOOMBERG  -  640 words
    • 1887 25 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SUBIC SIN PG PKL JKT SUR PERMATA 001 60 28/11 30/11 POSITIVE PASSION 70 100 30/11 1/12 BRIGHT CORAL 007 60 3/12
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  • Page 25 Advertisements
    • 96 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the Business Times SHIPPING TIMES Make A Splash In The Maritime World Via s|^iHmaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry, log on to SPHMaritime.com for a sea
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  • OPINION
    • 533 26 EDITORIAL THE name Haruhiko Kuroda is synonymous now with inflation that is targeting the Bank of Japan, but 10 years ago, when he was president of the Asian Development Bank, Mr Kuroda’s chief concern was the need for
      533 words
    • 848 26  - Will Big Data create jobs or destroy them? THE BOTTOM LINE By Carlos Cordon, Pau Garcia-Milà, Teresa Ferreiro T Prof Cordon is LEGO professor of supply chain management at imd, where he teaches on the Leading the Global Supply chain programme and is director of the IMD Global Value Chain
      848 words
    • 1350 26  -  An elaborate network, often with its political agenda hidden, has been set up to co-opt the country’s diaspora in supporting Modi’s re-election campaign in 2019. BY DILIP HIRO 2019.BY DILIP HIRO T The writer is the author of 36 books, the latest being The
      PHOTO: REUTERS  -  1,350 words
    • 1020 27  -  COMMENTARY By Anthony Rowley in Tokyo ANEW version of the “Great Game” a term used to describe rivalry between the former British and Russian empires for supremacy in Central Asia more than a century ago is being played out in the region, although
      1,020 words
    • 1073 27  -  By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Policy and Strategy) at the London School of Economics, and a former UK Government Special Adviser MORE than 190 countries will convene in Paris on Nov
      1,073 words
    • 1012 27  -  A calibrated attempt towards a limited pooling of sovereignties can help nudge regional integration in what was previously an endemically conflict-ridden region. BY EUGENE K B TAN BY EUGENE K B TAN T The writer is an associate professor of law at the School of
      PHOTO: REUTERS  -  1,012 words


  • LIFE & CULTURE
    • 1032 28 Writer calls it ‘a whimsical way to understanding how unreasonable mainstream produce specifications are’ NYT Emeryville, California THE eggplants are crooked and a little long-necked, contorted enough that they would probably lose in a beauty pageant against rounder or more symmetrical aubergines. In
      NYT; PHOTO: JIM WILSON/THE NEW YORK TIMES  -  1,032 words
    • 961 28 NYT Hong Kong A WATER buffalo grazes in a lush open field, an egret standing sentinel on its back. A herd of wild cattle bathes in the sunshine along the side of a winding road. Two idyllic rural scenes, seen nearly every day. In Hong Kong.
      NYT; PHOTO: LAM YIK FEI/THE NEW YORK TIMES  -  961 words
    • 622 28 NYT New York JONAH Berger, an associate professor of marketing at the Wharton School of the University of Pennsylvania, is the author of Contagious: Why Things Catch On. The word “cool” has been cool for a long time. Originally associated with temperature, by the
      NYT  -  622 words
  • Page 28 Miscellaneous
    • 348 28 CRYPTIC CROSSWORD Across 1 It guides a ploughman (6) 4 Mother is composing a line to the weatherman (8) 9 In retreat the general offers to withdraw (6) 10 M Poirot has a point a strong one (8) 12 Food preparation that’s part of the service (4) 13 Test site
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  • Page 29 Advertisements
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  • EXECUTIVE MONEY
    • 1381 30  -  BOCOM International’s Hong Hao says the Shanghai Composite needs to fall 30% to reach fair value. BY DANIEL SHANE BARRONS.COM THE Chinese trade stocks like they buy chic handbags. Well, that’s the theory according to BOCOM International’s head of research Hong Hao: “The Chinese
      BARRONS.COM  -  1,381 words
    • 1232 29  -  In an ailing global economy, every penny from the government counts MONEY MATTERS By Joachim Fels T The writer is managing director and global economic adviser, PIMCO RECENT developments point to an intriguing change in the global economic policy mix. For the first time in
      1,232 words
  • Page 30 Advertisements
    • 430 30 LEADING U.S. COMPANIES I JB CT A-.x,-; B CAPTURING OPPORTUNITIES r Hi# GLOBAL CONSUMERS .4 m BE PART OF FAMILIAR U.S. GROWTH OPPORTUNITIES THROUGH SPDR U.S. EQUITY ETFs. The world of investment is full of ready opportunity even when it’s half a world away. Take the U.S. the world’s leading
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