The Business Times, 5 December 2015

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Microfilm: NL33709
Total Pages: 38
1 16 The Business Times
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      54 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-23 Star Wars 24-25 Opinion 26-27 Wealth 28-30 LIVING Dining L2-5 Destination dining L6-7 Travel L10-11 Home Garden L12-13 Motoring L14-15 Sport
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.396 (US$/S$ per 1.509 2.106 EURO (US$/S$/€ 1.087 1.517 Foreign currency per US$ S$ YEN 122.80 87.90 RM 4.211 3.016 HK$ 7.750 5.552 BAHT 35.80 25.65 RUPIAH 13,832 9,909 RENMINBI 6.398 4.584 INDIAN RUPEE 66.79 47.84 A$ 1.365 0.978 NZ$ 1.493 1.069
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      • Article
        Lock icon STOCKS
        59 2 HSTI 2,879.05 (-4.84) HSTI FUTURES 2,872.00 (-5.00) HSIMSCI 322.32 (-0.50) HSIMSCI FUTURES 320.85 (-1.55) STOCKS Friday Change KL COMP 1,667.87 -6.05 NIKKEI 225 19,504.48 -435.42 HANG SENG 22,235.89 -181.12 SET 1,333.13 -7.05 JAKARTA 4,508.45 -28.93 MANILA 6,921.93 -72.17 KOSPI 1,974.40 -19.67 SHENZHEN B 1,237.17 +2.85 MUMBAI IND 25,638.11 -248.51
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.515 TAIWAN 4.966 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.05 Source: Bloomberg
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    • Article
      Lock icon Khaw wants more to become engineers
      399 3  -  There may come a day when LTA takes on rail operations and maintenance By Samuel Ee samuelee@sph.com.sg Singapore TRANSPORT Minister Khaw Boon Wan, who is preparing the Land Transport Authority (LTA) to take on possible rail operations and maintenance in future, wants to make
      399 words
    • Article, Illustration
      Lock icon Four taxi apps form ride-sharing alliance to take on Uber
      636 3  -  This ensures seamless use of the apps in US, China, India, SE Asia By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CLEARER battlelines have just emerged in the worldwide battle among taxi apps. Specifically, the race is between global ride-book-ing behemoth Uber
      FILE PHOTO  -  636 words
    • Article
      Lock icon New bill gives Najib extensive powers
      845 4  -  Malaysia heading towards an authoritarian regime, warn lawyers and NGOs By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIAN Prime Minister Najib Razak is set to extend his considerable grip on power after the National Security Council (NSC) Bill, which gives vast executive powers to a
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    • Article
      Lock icon Reason to feel threatened?
      570 4  -  COMMENTARY By Anita Gabriel anitag@sph.com.sg ALL things being normal, the new-ly-passed National Security Council (NSC) bill which stunned many Malaysians on Friday morning and expands the powers of Prime Minister Najib Razak, would not have been as alarming. But let’s face it Malaysia has been roiled
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    • Article, Illustration
      Lock icon Value of Lee Kuan Yew’s home to go to charity
      428 5  -  His three children also hope his wish to demolish house will be honoured By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore TO honour their father, the sons of the late Lee Kuan Yew have each agreed to donate half the value of
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    • Article, Illustration
      Lock icon Lego sees a building block in Asia
      584 6  -  Its new S’pore hub is a step towards being physically present or close to core markets By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WHEN Marko Ilincic gets his suits dry-cleaned, a Lego brick or two invariably falls out of his pocket. “I always carry
      PHOTO: YEN MENG JIIN  -  584 words
    • Article
      Lock icon Why Lego is pricier in S’pore
      241 6 LEGO sets may be more expensive in Singapore, compared to the prices seen in other markets but don’t blame the brick-maker. As it turns out, Lego does not practise pricing-to-market, which entails assessing the intensity of competition and consumer demand when setting prices. “We
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    • Article
      Lock icon Solid Nov job growth paves way for a Dec rate hike
      507 6 Trade gap widens; drag from stronger dollar far from over LATEST US DATA Reuters Washington US job growth increased solidly in November in a show of the economy’s resilience, which most likely paves the way for the Federal Reserve
      Reuters  -  507 words
    • Article
      Lock icon Zurich exits S’pore life insurance scene
      502 7  -  Surprise move prompts call for MAS to review selection criteria By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE shocking exit of Swiss-based insurer Zurich Insurance Group from Singapore’s life insurance scene has caused quite a stir and left some distribu- tors feeling bummed. Several financial
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    • Article, Illustration
      Lock icon Bluesy ChildAid concert raises S$1.98m
      503 7  -  Jazz pianist Monteiro, as music director, gives show a jazzy edge By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore SAXOPHONIST CC Lee, all of 12 years old, and double bassist John Koh, 18, wowed the audience at the ChildAid 2015 charity concert on Friday night, as they
      PHOTO: LAURA NG  -  503 words
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      63 3 SPACE SALE ENDS NEXT WEEKEND!^^ TTTT y^ Space Furniture 77 Bencoolen Street Singapore *****3 Open 10.30am 8pm daily +65 6415 0000 spacefurniture.asia Earn 10 Membership Rewards points for every $1.60 spent on your American Express® Cards. Visit americaexpress.com.sg/extrarewards. rnrinrinrnrn rjn Tn nn nn r[n TTTT vv MAKE SPACE FOR THE
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      143 4 DYNA-MAC HOLDINGS LTD. UEN/Company Registration No. *****5693E (Incorporated in the Republic of Singapore) (“Dyna-Mac”) Notice to holders (the “Noteholders”) of the outstanding S$50,000,000 4.25 Per Cent. Notes Due 2017 comprised in Series 001 (ISIN: SG6SC*****05) (the “Notes”) of Dyna-Mac convened for 10.00 a.m. (Singapore time) on 4 December 2015 at
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      115 5 TURNING PASSION INTO OPPORTUNITY O Eye Level I am the key. As a franchise owner you will enjoy Simple, effective systems for educating, marketing, sales and operations Extensive, proprietary curriculum, customised to the educational requirements of each student A time tested business model proven to attract and retain students A
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      209 7 lH AUSTjR^flLlfl IT OF BUSINESS'INVESTMENT AND VISA Australian Migration Agents BUSINESS?INVESTMENT AND VISA CONDITIONS With 25 years of experience Robert K Chelliah, an expert in Australian Migration policies and procedures is providing a value packed seminar in collaboration with Bruno Delfante from the WA State Government. Provisional State Sponsorship granted
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Keeping it a great way to fly
      2643 8 / 9  -  Singapore Airlines CEO Goh Choon Phong shares SIA’s blueprint for growth. By Nisha Ramchandani By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT SINGAPORE Airlines is an iconic brand in aviation, not just in Singapore but the world over. Since Malaysia-Singapore Airlines split in 1972 to give
      PHOTO: LAURA NG  -  2,643 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon NOL shares soar as deadline for CM A CGM deal nears
      468 10  -  Talk is that the buyer has got banks to finance what looks like a pricey takeover By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore CONTAINER shipping company Neptune Orient Lines (NOL) traded near its highest levels since 2013 as the exclusive
      PHOTO: BLOOMBERG; Source: Bloomberg  -  468 words
    • Article
      Lock icon UOB sees greater China investments in Indonesia via its Asean network
      381 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore UNITED Overseas Bank (UOB) expects to draw more Chinese investment flows through to Indonesia via its Asean network, with its latest agreement with Indonesia’s investment agency that is directly supervised by President Joko
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      Lock icon DBS pumps S$10m to boost nascent startups
      365 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DBS Bank will invest S$10 million in programmes targeted at nascent startups out of Singapore, to draw more entrepreneurs out of their corporate suits, and into startup gear, said a senior executive on Friday. The bank announced
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    • Article
      Lock icon Yoma in deal with JV’s new majority owner
      444 11  -  It stays in telecom towers business but obtains options to protect downside if relationship doesn’t work out By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore YOMA Strategic Holdings is staying in business with the new majority owner of its joint venture telco tower business
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    • Corporate digest
      • Article
        Lock icon China Gaoxian
        61 11 CHINA Gaoxian Fibre Fabric Holdings non-executive and non-independent chairman Low Chai Chong resigned with effect from Friday “due to heavy work commitments”, the company announced on Friday. Mr Low was appointed in September 2013. Replacing him is 51-year-old Xie Ruliang, a China resident who is currently venture partner
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      • Article
        Lock icon China Fishery Group
        54 11 CHINA Fishery Group’s CFG Peru Investments unit is seeking judicial management amid an ongoing provisional liquidation at the fishing and fishmeal production group. The High Court of Singapore will hear CFG Peru’s application for interim judicial management on Dec 18, and its originating summons for judicial management
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        Lock icon Japan Foods Holding
        47 11 JAPAN Foods Holding on Friday opened its first nonJapanese concept restaurant with a bak kut teh (pork rib soup) outlet at Clementi Mall in Singapore. The restaurant is opened under a franchise from the 40-year-old New ManLee Bak Kut Teh group based in Malaysia.
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    • Article
      Lock icon Leveraged coco bonds attracting China’s yield chasers
      449 11 Bloomberg Hong Kong THE Chinese yuan’s declines and lower domestic rates have encouraged the country’s investors to go offshore in their quest for yield. That’s fuelling more interest in leveraged notes linked to contingent convertible bonds issued by Chinese banks. “In recent months,
      Bloomberg  -  449 words
    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 235 -6 239/234 271 213 6.2 5950.8 CapitaLand 323 +1 325/317 379 267 11.8 2.8 *****.6 CapitaMall Trust 192 -2.5 193/191 228 184.5 5.6 6672.5 CityDev 716 -3 717/712 1095 712 8.6
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      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 293 -2 92 293/291 355/280 293/294 UETF SSE50China 236 -9 31 240/236 340/185 231/250 73.8 IS MS INDIA US$ US658 -10 29 663/655 1000/648 658/660 82.3 DBXT MSBrazil US$ US260 +11 24 260/260 409/226
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      Lock icon BT SHARE INFORMATION SERVICE
      794 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 30 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp 03-Dec-15 Koh Wee Meng Buy 708 0.19 *****84 74.29 *****92 74.30 Fragrance Grp 03-Dec-15 Lim
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 3 0 1 0 7 5 3 Manufacturing 28 41 36 4 5 10 32 46 46 Commerce 14 18 13 3 2 5 17 20 18 Tpt/Stor/Comms 17 10 8
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      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,482 12,372 29,854 64,511 4,626 69,137 Manufacturing 92,509 208,481 300,990 72,514 3,291 75,805 Commerce 78,273 36,222 114,495 51,398 1,787 53,185 Tpt/Stor/Comms 117,182 14,158 131,340 142,208 1,301 143,509 Finance 13,044 13 13,057 142,580 1 142,581 Construction
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      Lock icon OTHER SINGAPORE INDICES
      77 12 Dec 4 VALUE CLOSE BT OB/OS -261.00 +48.00 BT CADI -*****.00 -25.00 BT 10-day MA -*****.00 -26.00 FTSE ST Mid Cap 676.53 -1.43 FTSE ST Small Cap 406.16 +0.27 FTSE ST All Share 696.24 -1.41 FTSE ST China Top 172.73 -0.38 FTSE ST China 209.30 -0.92 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE Terratech 33,666.9 0.047 +0.022 +88.00 Ace Achieve Info 5,774.3 0.023 +0.008 +53.33 Eucon 10,416.9 0.027 +0.007 +35.00 Imperium Crown 29,737.6 0.085 +0.011 +14.87 ChasWood Res 202.4 0.049 -0.003 -5.77 Vashion 153,118.0 0.001 -0.001 -50.00 Yuexiu Prop 6.0 0.225 -0.020 -8.16 MFS Tech 606.8 0.103 -0.010
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Dec-3 Price Net change change Last Trade Agricultural Dec-3 CBOT Soybeans (US cents/bu) 897.50 5.25 0.59% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.59 0.32 1.06% 14/12/2015 CBOT Wheat (US cents/bu) 464.75 12.50 2.76% 14/12/2015 Dec-3 LIFFE Cocoa (£/tonne) 2280.00 11.00 0.48% 14/12/2015 LIFFE Coffee (US$/tonne) 1537.00 38.00 2.54%
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    • Article
      Lock icon PALM OIL
      57 13 Dec 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2195.0 2189.0 2196.0 2190.0 22 2922 Jan 16 2293.0 2292.0 2304.0 2280.0 1743 ***** Feb 16 2363.0 2366.0 2380.0 2354.0 ***** ***** Mar 16 2409.0 2410.0
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      Lock icon GOVERNMENT SECURITIES
      69 13 Dec 4 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.4 100.46 100.46 5-Year N*****0S 2.000 01-Jul-20 100 100.12 100.12 10-Year NX*****Z 2.375 01-Jun-25 98.53 98.75 98.57 15-Year NZ*****F 2.875 01-Sep-30 100.62 100.80 100.35 20-Year NZ*****V 3.375 01-Sep-33 106.91
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      Lock icon INTERBANK CURRENCY RATES
      155 13 Dec 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0223 1.0236 0.7326 0.7331 Canadian dollar 1.0439 1.0448 0.7483 0.7481 Euro 1.5169 1.5181 1.0870 1.0872 NZ dollar 0.9346 0.9358 0.6697 0.6702 Sterling pound 2.1055 2.1070 1.5088 1.5090
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      206 13 Most active Dec 4 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.1 -0.1 ***** 1 18 10 Second Chance Prop W*****4 0.2 -0.6 4850 1 40 *****.00 19 Ntegrator Intl Ltd W*****3 0.3 -0.1 3800
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      365 13 In local curr In S$ In US$ dy yr dy yr dy yr Dec 3 Index Change Change Change Change Change Change World Preliminary 1297.4 -0.9 1.7 -1.1 4.5 -0.4 -1.2 EAFE Preliminary 1029.8 -1.7 4.4 -1.1 3.8 -0.4 -1.9 Europe Preliminary 1430.3 -2.6 3.5
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 13 YTD change: -14.45% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,787.94 on Sept 29,2015 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 13 ytd change: -5.80% 52-week high: 28,442.75 on April 28,2015 52-week low: 20,556.60 on Sept 29,2015 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        21 13 YTD change: +8.98% 52-week high: 5,166.35 on June 12,2015 52-week low: 2,856.27 on Dec 9,2014 Source: Bloomberg
        Source: Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 13 YTD change: +11.77% 52-week high: 20,868.03 on June 24,2015 52-week low: 16,755.32 on Dec 16,2014 Source: Bloomberg
        Source: Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        27 13 YTD change: -1.94% 52-week high: 18,312.39 on May 19, 2015 52-week low: 15,666.44 on Aug 25,2015 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  27 words
    • Article, Illustration
      Lock icon IMF, ECB set the tone for the week
      527 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent OFFICIALDOMofvarious sorts played central roles this week, starting with the International Monetary Fund (IMF) on Monday and ending with the European Central Bank (ECB) on Thursday. However, contrary to expectations, the impact they made was
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    • Article
      Lock icon GAINERS
      77 14 BY CENTS CLOSE UP 52w high/low Lyxor AsiaIT US$ 3485 524.7 12.1 4129/3109 GLD US$ ***** 124.2 0.9 *****/***** DBXT S&P Short US$ 2126 32.1 1.1 2393/2086 DBXT MSMSIA US$ 1077 25.1 1.7 1411/990 DBXT MSTHAI US$ 1708 19.5 0.8 2300/1646 BY PERCENTAGE CLOSE UP 52w high/low Terratech 4.7
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    • Article
      Lock icon LOSERS
      78 14 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -309.8 -1.1 *****/***** SPDR DJIA US$ ***** -279.1 -1.1 *****/***** DBXT MSKorea US$ 5205 -124.2 -1.7 6246/4478 Jardine C&C 3520 -68.0 -1.9 4269.7/2636 Great Eastern 2015 -39.0 -1.9 2600/1870 BY PERCENTAGE CLOSE DOWN 52w high/low S Chance Prop W*****
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    • Article
      Lock icon MOST ACTIVE
      33 14 VOLUME Vashion 153,118,000 Sincap 42,638,100 SunMoon Food 40,584,600 Ezra 38,063,600 Terratech 33,666,900 Market volume 1,327,978,000 VALUE DBS Grp 57,249,484 Singtel 55,291,586 UOB 38,166,420 OCBC Bank 36,599,600 CapitaLand 34,128,503 Market value 778,751,000
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    • Article, Illustration
      Lock icon SGX’s November daily average value falls to one-year low
      348 14  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE daily average value of stocks traded on the Singapore Exchange in November fell to its lowest in more than a year amid a broad market sell-down. Securities daily average value (SDAV) fell 13 per
      BT FILE PHOTO  -  348 words
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      17 11 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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      Lock icon Page 11 Advertisements Column 2
      142 11 Nassim Road Good Class Bungalow Land Plots •a Contact: Investment Properties 6 Battery Road, #32-01, Singapore *****9 Sammi Lim <cea R eg n 0 roossssj) Tel: 9368 9803 Proposed Site Area: Plot A Approx. 18,620 sq ft (subject to final survey) Plot B Approx. 15,634 sq ft (subject to final
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Uptick in shophouse sales attests to niche appeal
      646 15 Scarcity and historical value make it a sought-after property class THE shophouse market seems to be showing some buzz in sales perhaps a final burst of activity before a year-end wind-down. Recent deals include two acquisitions in the Duxton area totalling S$13.7
      646 words
    • Article, Illustration
      Lock icon UK house prices to rise 4-6% in 2016: Halifax
      299 15 Reu ters London BRITISH house prices are likely to rise more slowly next year, with prices increasing by between 4 and 6 per cent compared with growth of nearly 10 per cent in the past 12 months, mortgage lender Halifax forecast
      Reuters; PHOTO: REUTERS  -  299 words
    • Article
      Lock icon Househunt
      1142 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 21 AND OCT 27, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 7 NON-LANDED City Gate Apt 23/10/2015 99 753 1362 1808 The Bencoolen Apt 22/10/2015 99 1001
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      463 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TMRT PTE. LTD. (Formerly known as Tokio Marine Retakaful Pte. Ltd.) Company Registration No. *****2177D (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the member of the abovenamed Company duly convened
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  • BANKING & FINANCE
    • Article
      Lock icon China ex-cop seen heading probe into summer stock crash
      291 17 Bloomberg Beijing THE former high-ranking cop who brought down one of China’s top Communist Party officials has been put in charge of a corruption probe of the securities industry in the wake of a summer stock crash, said a person familiar
      Bloomberg  -  291 words
    • Article, Illustration
      Lock icon Fund managers taking heed of climate change talks
      616 17 A deal on a low-carbon future will affect value of fossil-fuel companies, agricultural conglomerates Bloomberg Paris ON both sides of the Atlant i c f un d mana g ers are paying attention to the work of bureaucrats and ministers from 195
      Bloomberg; PHOTO: REUTERS  -  616 words
    • Article
      Lock icon Trendy debt, currency trades unravel
      376 17 Bloomberg New York THE most crowded trades in global debt and currency markets unravelled on Thursday, and it wasn’t pretty. After months of betting on diverging monetary policies in the US and Europe, investors got whipsawed after the European Central Bank said it would keep
      Bloomberg  -  376 words
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      Lock icon Page 18 Advertisements Column 1
      128 18 THE BUSINESS TIMESIMPACT, AYBANK KIM ENG #INVESTASIA2016 OPPORTUNITIES CHALLENGES > The ASEAN Economic Community Date: Saturday, 9 January 2016 Venue: The Grand Residence, Level 3, Grand Hyatt Singapore Time: 9;30amto1pm Ticket Rates: Early Bird (Ends 22 Dec 2015) Normal Maybank Kim Eng Clients/ Maybank Credit Cardmembers Register For the seminar
      128 words
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Palm oil’s premium over gasoil highest in 10 months
      532 18 Surge threatens to curb use of the commodity in biofuel production Bloomberg Kuala Lumpur THE El Nino-induced dry weather that’s parching fields across South-east Asia has pushed palm oil’s premium over gasoil to the highest in 10 months, threatening to curb
      Bloomberg; PHOTO: REUTERS  -  532 words
    • Article
      Lock icon Opec sticks to output policies as global glut grows
      262 18 Reuters Vienna THE Organization of the Petroleum Exporting Countries (Opec) maintained its policy of pumping near-record volumes of oil at a meeting on Friday, according to sources at the group, taking no steps to reduce one of the worst crude gluts
      Reuters  -  262 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Zuckerberg defends plan to channel wealth through LLC
      373 19 NYT San Francisco MARK Zuckerberg wrote a post on Facebook on Thursday to defend his plans to transfer 99 per cent of his family’s Facebook stock to a limited liability company that would pursue various community projects. Mr Zuckerberg, the chief executive
      NYT; PHOTO: REUTERS  -  373 words
    • Article
      Lock icon IBM seen setting 2016 revenue goal of US$1b for SoftLayer
      471 19 This is about 25% up from the US$700m to US$800m the unit is expected to take in this year Bloomberg New York IBM has set an internal revenue goal for SoftLayer, its cloud-infra-structure business, of US$1 billion in 2016, a
      Bloomberg  -  471 words
    • Article
      Lock icon EU, Internet giants join forces to fight online extremism
      351 19 AFP Brussels THE European Union (EU) on Thursday launched a forum bringing together Internet firms like Google, Facebook and Twitter as well as law enforcement agencies to combat online extremism. The move comes amid growing alarm in Europe over the use
      AFP  -  351 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Starbucks sees future in artisanal
      949 20  -  It plans to roll out more Roastery Tasting Rooms, with New York high on its list. By James B Stewart NYT New York ANGUS Maxwell, 27, works in Williamsburg, Brooklyn. He describes himself as an “installation and performance artist” and is a member of the
      NYT; PHOTO: NYT  -  949 words
    • Article
      Lock icon Toshiba, Fujitsu considering merger of PC units: sources
      254 20 Reuters Tokyo TOSHIBA Corp and Fujitsu Ltd are considering a merger of their personal computer businesses, two people familiar with the matter said on Friday, as the companies look to shed struggling units to overhaul their operations. The Japanese electronics firms are
      Reuters  -  254 words
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  • TRANSPORT
    • Article
      Lock icon Takata, Honda lose bid to toss out class-action lawsuit in US
      436 21 They agree on settlements for 6 deaths Reuters New York A US judge has rejected a bid by airbag manufacturer Takata Corp and carmaker Honda Motor Co to toss out a class-action lawsuit on behalf of millions of owners
      Reuters  -  436 words
    • Article, Illustration
      Lock icon Audi appoints new chairman, development chief
      319 21 Reuters Berlin GERMAN carmaker Audi has appointed a new chairman and a new development chief as Volkswagen’s flagship luxury division struggles to recover from an emissions scandal. Audi admitted two weeks ago that its 3.0 litre V6 diesel engine was fitted with emissions-control software,
      Reuters; PHOTO: REUTERS  -  319 words
    • Article, Illustration
      Lock icon Asia VLCC rates to hold steady after hitting new 5-year high
      471 21 Reuters Singapore FREIGHT rates in Asian trades for very large crude carriers (VLCCs) are likely to remain firm as vessel supply and charter volumes stay evenly matched, ship brokers said on Friday. They have seen daily earnings soar by
      Reuters; PHOTO: BLOOMBERG  -  471 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China unveils circuit-breaking rules for stock market
      499 22 Plans for IPO reforms will be rolled out as early as next week, say sources Reuters Beijing CHINA on Friday announced cir-cuit-breaker mechanisms to prevent systemic risk in case of sharp stockmarket falls, and it appears close to pushing ahead long-awaited reforms for
      Reuters; PHOTO: AFP  -  499 words
    • Article
      Lock icon India will look at restructuring state-run firms: Modi
      326 22 Changing employees’ work culture is also important, PM adds Reuters New Delhi INDIA will consider restructuring its beleaguered state-run firms, in preference to divestments or outright shutdowns, by taking steps to change the work culture of their employees, Prime Minister Narendra Modi
      Reuters  -  326 words
    • Article
      Lock icon Japan seen cutting planned bond issue by up to 500b yen
      338 22 Reuters Tokyo JAPAN’S government will reduce its plans to issue new bonds this fiscal year by 400 billion to 500 billion yen (S$4.5 billion-S$5.7 billion) when it crafts an extra stimulus package this month as it aims to pursue
      Reuters  -  338 words
    • Article, Illustration
      Lock icon China offers Africa US$60b ‘funding support’
      513 23 Move signals its commitment despite a recent slide in investment AFP Johannesburg CHINESE President Xi Jinping announced US$60 billion of assistance and loans for Africa at a summit in Johannesburg on Friday, signalling China’s commitment to the continent despite a recent fall in investment.
      AFP; PHOTO: REUTERS  -  513 words
    • Article
      Lock icon German factory orders rebound in October after 3-month drop
      382 23 Bloomberg Hamburg GERMAN factory orders rose for the fi rs t t i me i n f our mon t h s climbing more than economists anclimbing more than economists anticipated, as demand for investment and consumer goods jumped amid an
      Bloomberg  -  382 words
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      Lock icon ‘X’ marks the spot
      479 24 / 25 If you believe George Lucas, the father of the Star Wars franchise, the movies aren’t about spaceships, but about family problems. Still, what would a Star Wars movie be without the iconic X-wing starfighter? When Star Wars Episode VII: The Force Awakens opens here on Dec
      Source: Star Wars Incredible Cross-sections, IGN, GameSpot ,; BTGraphics: Simon Ang, Zack Go, Lynette Neo  -  479 words
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  • Page 26 / 27 Miscellaneous
  • OPINION
    • Article, Illustration
      Lock icon Is it worth hiring Messi to be your fund manager?
      1457 26 / 27  -  When investors seek managers to invest with, they tend to look for those of ‘rock star’ status, but it often goes wrong. By Zhijian Wu By Zhijian Wu ~The writer is the CEO of Woodsford Capital Management Pte Ltd, an
      PHOTO: AFP  -  1,457 words
    • Article, Illustration
      Lock icon EU-Turkey deal: short-term goals may be achievable
      851 26 / 27  -  REUTERS BREAKINGVIEWS By Hugo Dixon THE European Union (EU) has dangled the prospect that Turkey can join the Union, offered its citizens visa-free travel throughout most of the bloc and promised the government a chunk of cash in return for Ankara agreeing to
      851 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Negative interest rates are becoming the new normal
        915 28 / 29  -  Strategies tried by countries such as Denmark are embraced by giants of the world economy. BY Neil Irwin NYT CENTRAL bankers have long talked about the problem of the “zero lower bound.” That’s the idea that interest rates can’t be set below
        NYT; PHOTO: REUTERS  -  915 words
      • Article, Illustration
        Lock icon Analysts stumble over yen, A$
        416 28 / 29 Bloomberg Tokyo MARKET strategists are having a tough time picking where the yen and the Australian dollar are going. The median year-end forecasts for those currencies against the US dollar missed the mark by an average of at least 12 per cent over the past
        Bloomberg; FILE PHOTO  -  416 words
      • Article
        Lock icon BROKERS’ TAKE
        592 28 / 29  -  Compiled by Kenneth Lim BHR Retail Reit Avoid Phillip Securities Research Dec 4 IPO Price: S$0.80 BHG Retail Reit is set to become the lone Singapore Exchange (SGX) Mainboard listing this year. With a portfolio of five retail malls in China, BHG Reit will be the second pure
        592 words
      • Article, Illustration
        Lock icon Junk bond bulls see prosperous road ahead
        751 30 Pimco, Goldman say the rout is overdone; UBS strategist says sector selection is particularly challenging Bloomberg New York JUNK bonds are poised for their first annual loss since 2008, and the list of companies headed for trouble is swelling. Yet to Mark Kiesel,
        Bloomberg; PHOTO: BLOOMBERG  -  751 words
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      303 31 CRYPTIC CROSSWORD Across 7 Fine Lady’s principal character in rustic embrace (8) 9 Sinew died in part of joint (6) 10 Prison inmate’s over getting old inside (4) 11 Inflame former wife with perfect figure hugging bachelor (10) 12 Labour possibly accepting idealists’ leader’s agreement (6) 14 Bone tired, lacking
      303 words
  • LIFE & CULTURE
    • Article
      Lock icon Fifa scandal deepens with 16 indicted for graft
      728 31 They include confederation heads Juan Angel Napout and Alfredo Hawit, suspected of accepting millions in bribes NYT Washington THE multi-million dollar corruption scandal engulfing Fifa widened on Thursday with 16 people indicted by US justice officials who pledged an unremitting crackdown on
      NYT  -  728 words
    • Article, Illustration
      Lock icon Partnering clients in dance
      243 31  -  By Arthur Lee arthurl@sph.com.sg CHRISTMAS thanksgiving came early for some 200 guests of Citi Singapore. They were hosted to a year-end Client Appreciation Dinner at the Grand Hyatt Hotel on Friday. It was an evening of good food, entertainment and “Dancing with the Stars”. Guests had
      PHOTO: CITIBANK  -  243 words
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      105 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      105 words
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      63 1 LivingBTTHE BUSINESS TIMES WEEKEND DECEMBER 5-6, 2015 THE VIRTUOUS CIRCLE A new wave of restaurants in Singapore is making a strong push for sustainability L2-5 PHOTO: ARTEMIS GRILL MOTORING McLaren zooms in L14 PERSONAL SPACE Heartwarming simplicity L12-13 TRAVEL Charming Suzhou L6-7 NO HOLDS BARRED ONE’s on top of the
      63 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon THE VIRTUOUS CIRCLE
        677 2 / 3  -  A new wave of Singapore restaurants is making a strong push towards sustainability. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg THE quest for sustainability is not new and in Singapore, it’s near-impossible to find a restaurant that totally walks the talk. However, a wave of new
        677 words
      • Article
        Lock icon Doing the right thing
        437 2 / 3 Artemis Grill CapitaGreen rooftop, 138 Market St Level 40Z6635-8677 www.artemisgrill.com.sg Open Mon to Fri, 11.30am-3pm; Mon to Sat, 6pm-10.30pm Closed on Sun Contemporary Mediterranean restaurant Artemis Grill sits on the rooftop of one of Singapore’s greenest buildings the award-winning CapitaGreen, by Japanese architect Toyo Ito. So
        437 words
      • Article, Illustration
        Lock icon Supporting local produce
        475 2 / 3 Portico Prime 10 Dempsey Road #01-20Z6474-7427 www.portico.sg Open Tues to Sun 11.30am-3pm Weekdays 6pm-10.30pm Weekends 6pm-11.30pm Supporting local produce is a big deal at three-week-old restaurant Portico Prime in Dempsey. It’s their way of contributing to Singapore’s own farming ecosystem, and in turn building a more sustainable
        475 words
      • Article, Illustration
        Lock icon Ahead of the game
        431 4 / 5 Dehesa 12 North Canal RoadZ9655-8092 Open Mon to Fri, 11.30am-2.30pm, Mon to Sat, 5.30pm-1am Opens Dec 18 In Jean-Philippe Patruno’s hands, one pig’s head can be turned into five or six dishes in his new restaurant Dehesa. The chef, who previously helmed Bomba and Una, says
        PHOTO: YEN MENG JIIN  -  431 words
      • Article, Illustration
        Lock icon Going local
        408 4 / 5 Kite 53 Craig RoadZ9729-7988 www.facebook.com/kiteoncraig Open Tues to Sun, noon-2.30pm, 6pm-1am. Closed on Mon From the folks behind the popular brunch spot SPRMRKT, comes a new dining establishment on Craig Road named Kite. While the month-old restaurant offers what they call “modern comfort food” in small plates, it
        408 words
    • TRAVEL
      • Article, Illustration
        Lock icon CHARMING SUZHOU
        1170 6 / 7  -  Savour the atmosphere of the old town and its unique food and flavours, in the Venice of the East. By David Yip By David Yip ASK a Singaporean about Suzhou and invariably, “industrial park” comes to mind. The Suzhou Industrial Park marked one of Singapore’s largest economic investments
        PHOTOS: DAVID YIP  -  1,170 words
      • Article, Illustration
        Lock icon GOING GREEN
        420 6 / 7 Two wheels Jiangsu Province has adopted pro-green measures, especially in public transport, in a big way. Travelling around Suzhou is cheaper than you think. In fact, it can cost you next to nothing if you know how to ride a bicycle. Get a special bike card and you
        420 words
      • Article, Illustration
        Lock icon Island in the sun
        1373 10 / 11  -  Zanzibar, off Tanzania in Eastern Africa, will entice a traveller with its rich history and spectacular coastline. By Goh Hwee Leng ~The writer travelled to Zanzibar as a guest of Qatar Airways and The Residence Zanzibar, part of Cenizaro Hotels and Resorts. WITH its history as
        ALL PHOTOS BY GOH HWEE LENG  -  1,373 words
      • Article, Illustration
        Lock icon Getting there on Qatar Airways
        236 10 / 11 THE eight-hour flight from Singapore to Doha on Qatar Airways’ A350XWB in Business Class threw up a number of surprising features which can easily rival First Class on some airlines. Indeed, once you’ve tried a 17-inch HD entertainment screen, there’s no going back to the
        236 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Heartwarming simplicity
        1114 12 / 13  -  Busihesswomah Cecilia Tah decided that a complete makeover of her home was needed after having lived in it for over 20 years.. By Arthur Sim personal space By Arthur Sim AFTER living in the same apartment for more than 20 years, Cecilia Tan decided she needed a change.
        co-designed.PHOTOS: RENAISSANCE PLANNERS & DESIGNERS, ARTHUR SIM  -  1,114 words
    • MOTORING
      • Article, Illustration
        Lock icon McLaren zooms into Leng Kee Rd
        221 14  -  Brand new showroom will have customer lounge and a full service workshop on site. By Samuel Ee THE brand new S$3 million McLaren showroom at 5 Leng Kee Road opens on Monday. Authorised distributor McLaren Singapore, part of the Eurokars Group, has created a
        221 words
      • Article, Illustration
        Lock icon 7-seat Lexus RX next?
        246 14 samuelee@sph.com.sg THE new Lexus RX is already bigger, more stylish and brimming with luxury. Yet some customers want something more like an extra row of seats. Demand for a seven-seat RX is strong, especially from countries such as the US and China, reveals Lexus chief engineer
        246 words
      • Article, Illustration
        Lock icon SMALL WONDER
        562 15  -  The Honda S660 is a diminutive roadster with lots of character. By Samuel Ee By Samuel Ee samuelee@sph.com.sg I T may be small but it is big on charisma and, surprisingly, technology. The Honda S660 is the spiritual successor to the Honda Beat, with a design similar to
        562 words
    • SPORTS
      • Article, Illustration
        Lock icon ONE’S on top of the MMA world
        848 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent IT’S not difficult to see why Victor Cui is regarded as the most powerful person in the world of Asian mixed martial arts (MMA). The Canada-born entrepreneur is the founder and chief executive officer of
        PHOTOS: THE STRAITS TIMES, THE NEW PAPER  -  848 words
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      829 4 / 5 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z6845-1111 AquaMarine and Your Seasons Aglow Keep your festive celebrations jubilant and alive with great company and exceptional festive spread at AquaMarine’s divine buffet. Indulge in Roasted Turkey with Orange and Cinnamon, Prime Rib of Beef with Cream Porcini,
      829 words
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