The Business Times, 10 December 2015

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33709
Total Pages: 26
1 26 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    36 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 U D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Thursday. December 10. 2015
    36 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    255 1 Morgan Stanley has fired traders in the fixed income, currencies and commodities unit in Singapore, with the cuts 25 per cent of the unit’s headcount.TOP STORIES 2 The consumer price index edged up in China last month but prices at factory gates remained at a six-year low. TOP
    255 words
  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,861.19 -14.84 KL COMP 1,659.36 -9.88 NIKKEI 225 19,301.07 -191.53 HANG SENG 21,803.76 -101.37 SHENZHEN B 1,269.69 +19.81 DOW (10:45 am EST)17,760.08 +192.08
    27 words
  • Article, Illustration
    Lock icon Economists trim outlook for 2015 and 2016: MAS quarterly poll
    643 1  -  Actual Q3 GDP up 1.9%, below expectations By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore FORECASTERS have cut their expectations for economic growth in Singapore in 2015 and 2016, amid ongoing manufacturing weakness and a regional slowdown. In a quarterly poll of
    Source: Monetary Authority of Singapore  -  643 words
  • Article
    Lock icon Emerging-market growth slump could be long-lasting and disruptive: World Bank
    717 1  -  Cyclical and structural policies ‘are needed to improve the investment climate and labour market’ By Anthony Rowley btworld@sph.com.sg Tokyo IN A report likely to shock financial markets, the World Bank said on Wednesday that the “golden days” are probably over
    717 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      70 1 8 "*****1 *****4 ANGLO AMERICAN It’s all gone wrong at one of the world’s biggest mining companies TOP STORIES 4 Sr CRAFTING ETERNITY SINCE 1755 260 years of continuous history is reflected in the Harmony Collection, A new legacy has dawned, VACHERON CONSTANTIN GENEVE HARMONY DUAL TIME Geneva official watchmaking
      70 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      30 1 STILL WEAK Rents for private and HDB flats ease further in November REAL ESTATE 13 THE BOTTOM LINE Why the Fed’s likely rate hike will be a mistake OPINION /24
      30 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      25 1 TRADE WITH CAUTION TWC alerts to be more detailed, targeted: SGX COMPANIES MARKETS 8 FRASERS HOSPITALITY BUYS FOUR BOUTIQUE HOTELS IN UK REAL ESTATE 13
      25 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Morgan Stanley axes bond traders in Singapore as part of global chop
      519 2  -  At least 9 people in the fixed income, currencies and commodities unit here told to go; globally, 1,200 affected By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore MORGAN Stanley has fired traders in the fixed income, currencies and commodities (FICC)
      519 words
    • Article
      Lock icon Smaller pay hikes likely in Singapore next year
      658 2  -  Korn Ferry Hay Group expects salaries to rise 4%, with real increase tipped to be 3.7% after inflation By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore PAY increases next year in Singapore are likely to be a tad smaller than in 2015, even
      658 words
    • Article
      Lock icon COE premiums for passenger cars fall
      389 2  -  By Samuel Ee samuelee@sph.com.sg Singapore PREMIUMS for passenger car certificates of entitlement (COE) fell significantly on Wednesday on, some dealers said, a combination of poor economic sentiment and buyers’ hopes for a bigger COE quota in February 2016. Category A, for cars below 1,600cc
      389 words
    • Article, Illustration
      Lock icon Singtel and GrabTaxi team up to give S-E Asian commuters mobile wallets
      564 2  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGTEL has partnered GrabTaxi to offer South-east Asian consumers a mobile wallet option to pay for their rides the latest in a slew of moves by telcos to penetrate the banking space.
      PHOTO: AFP  -  564 words
    • Article
      Lock icon World Bank: East Asia needs to deal with impact of ageing societies
      707 4  -  Greying populations call for policy responses to the effects of shrinking workforces and waning growth, it says By Anthony Rowley btworld@sph.com.sg Tokyo THE proportion of elderly people is rising faster in East Asia than anywhere else, and this
      707 words
    • Article
      Lock icon China November inflation edges up; factory prices stay low
      579 4  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S consumer price index (CPI) edged up last month but prices at factory gates remained at a six-year low, suggesting oversupply still weighs on the economy, according to figures published by the National Bureau of Statistics.
      579 words
    • Article, Illustration
      Lock icon Anglo American to sell assets, close mines, cut 85,000 jobs
      768 4 Potential casualty is Minas Rio, a Brazilian iron-ore mine, which cost US$5.1b to buy and US$9b to build MINING CRISIS BLOOMBERG London EVEN for a company that once had the global monopoly on diamond production during almost a century of
      BLOOMBERG; PHOTO: AFP  -  768 words
    • Article, Illustration
      Lock icon Giant under pressure
      375 4  -  Anglo American is facing a crisis of confidence REUTERS BREAKINGVIEWS By Andy Critchlow London MINING giant Anglo American is facing a crisis of confidence. It unveiled what it called a “radical” restructuring on Dec 8, designed to meet the dangers posed by the rout in commodities prices.
      375 words
    • Article, Illustration
      Lock icon Confident corporates in Asean hungry for acquisitions: EY report
      533 5  -  Four in 10 firms will pursue an acquisition in the next year; six in 10 have four or more deals ongoing By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE continued confidence from corporates in Asean is spurring a hunger for acquisitions, with
      PHOTO: REUTERS  -  533 words
    • Article, Illustration
      Lock icon KL’s cut in power tariff rebates signal fresh cost hikes
      594 5  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur AFTER a two-year lull, Malaysia’s half-yearly power tariff reviews are back. Putrajaya, which last raised power tariffs in January 2014, has slashed tariff rebates; the new higher rates take effect in January, joining the
      594 words
    • Article
      Lock icon Tech crimes, risks now biggest worry for Singapore banks: PwC survey
      438 6  -  lenders here are also wary about social media, with a respondent noting that “opinion can be mobilised quickly and in significant numbers” in this digital age By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DAYS following a warning from the Association
      438 words
    • Article, Illustration
      Lock icon Myanmar launches fledgling bourse, but there’s no trading just yet
      647 6 AFP zaw zaw Yangon MYANMAR officially launched its first modern stock exchange on Wednesday, but without a single stock to trade until next year, as the nation’s latest drive for economic revitalisation struggles to take flight. Aung San Suu Kyi’s
      AFP; PHOTO: AFP  -  647 words
    • Article
      Lock icon Biggest 2016 risk may be the one just behind us: oil
      928 6 Goldman Sachs reckon that US crude could shed almost 50 per cent from here to US$20 next year REUTERS London THE biggest financial risk in 2016 may be the one that’s been on stage all year. In Britain’s popular
      REUTERS  -  928 words
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      56 6 OWN A COPY OF OUR COVERAGE news POST Here’s how you can purchase THE MATERIALS IN 3 SIMPLE STEPS. news POST If you are reading the article online, click below the article or visit www.sphdigital.com/newspost Complete and submit the News Post Enquiry Form. SPH will email the necessary copyright fees
      56 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      30 6 SELL YOUR CAR BY BIDDING RECEIVE HIGHEST SELLING PRICE IN 1 WORKING DAY Call us now for a FREE Car Valuation 6744 7571 ONLINE BIDDING BYOVER 300 USEDCAR DEALERS! www.sgcarmart.com/quotz
      30 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 3
      17 6 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
      17 words
Page thumbnail Page 7
  • URBANISING ASIA
    • Article, Illustration
      Lock icon Riding on South-east Asia’s growth
      966 7  -  Singapore-based infrastructure players are looking to capitalise on opportunities arising from the Asean Economic Community.BY Community.BY FRANCIS KAN WITH its proximity to the huge markets of India, China and Japan, South-east Asia is well positioned to benefit from global trade flows. The region itself had
      966 words
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      168 7 ii *r mn m May'- 2 Ascent Singapore Science Park DER IN im. SUSTANABLE y T nusalayated^ak URBAN DEVELOPMENTS Ascendas-Singbridge is one of Asia’s leading sustainable urban solutions provider that specialises in originating, aggregating and delivering urban and business space solutions across multiple industries and geographies. Bringing Singapore's experience to
      168 words
Page thumbnail Page 8
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon ‘Trade with caution’ alerts to be more detailed, targeted: SGX
      507 8  -  Exchange has received public feedback about high volume of TWC announcements and lack of new information By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore INVESTORS may no longer have to guess why the Singapore Exchange (SGX) would slap a “trade with caution”
      PHOTO: BLOOMBERG  -  507 words
    • Article, Illustration
      Lock icon Del Monte Pacific shares up on Q2 profit surge
      404 8  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHARES in Del Monte Pacific soared 36 per cent on Wednesday after the group reported a surge in sec-ond-quarter profit, thanks mainly to a one-time adjustment to its expenses. The counter ended the day at
      PHOTO: BLOOMBERG  -  404 words
    • Article
      Lock icon BHG Retail Reit IPO to go ahead despite bland demand
      268 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore Exchange’s first mainboard listing this year might be off to a seemingly shaky start, given allocation figures released late on Wednesday night that signalled relatively soft demand for the float. But the
      268 words
    • Article
      Lock icon Untitled
      70 8 Most traded Hang Seng warrants* RANK COUNTER NAME TYPE ISSUER TRADED VALUE (S$M) BID-ASK SPREAD (S¢) 1 HSI ***** MB ECW*****0 Call Macquarie 14.43 0.212 2 HSI ***** MB EPW*****0 Put Macquarie 6.71 0.29 3 HSI ***** MB ECW*****8 Call Macquarie 6.06 0.24 4 HSI ***** MB EPW*****8 Put Macquarie
      70 words
    • Article
      Lock icon Hang Seng warrants in November limelight
      397 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore INVESTORS piled into structured warrants on Hong Kong’s Hang Seng Index in November and that trend has continued into the first week of December, the Singapore Exchange (SGX) said in a My Gateway report on Wednesday. Hang Seng
      397 words
    • Article
      Lock icon Boustead’s gas field purchase runs into snag
      342 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TECHNOLOGY and engineering group Boustead Singapore has run into a snag in its attempt with two other firms to buy a gas field in Indonesia from Perth-based production and exploration company Triangle Energy. The Boustead consortium’s original
      342 words
    • Article
      Lock icon Sapphire wins 916m yuan railway infrastructure contracts
      309 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SAPPHIRE Corporation has secured new railway infrastructure contracts in China worth 916 million yuan (S$201 million), as the company shifts gear to focus on this business following the disposal of its steel business last year. The contracts
      309 words
    • Article
      Lock icon NOL an intra-Asia trade boost for CMA CGM
      599 9  -  French shipping giant expects acquisition to bump up its market share By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE acquisition of Neptune Orient Lines (NOL) will boost Marseille-head-quartered CMA CGM’s share in in-tra-Asia trade, sending the french shipping giant to the forefront
      599 words
    • Article, Illustration
      Lock icon Key Sibor rate jumps ahead of Fed meeting
      419 9  -  By Slow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE 3-month Sibor or Singapore interbank offered rate jumped to 1.***** per cent on Wednesday from 1.***** per cent on Tuesday as financial markets anticipate the first US rate hike in over nine years to
      Sources: Bloomberg/Association of Banks in Singapore  -  419 words
    • CORPORATE DIGEST
      • Article
        Lock icon Frasers Centrepoint Limited
        136 9 PROPERTY developer Frasers Centrepoint Limited (FCL) is exiting a joint venture that owns the Compass Point shopping mall in Sengkang for about S$80.3 million in total, it said in a bourse filing Wednesday. It will sell its 18.99 per cent stake in the JV, called Gemshine Investments,
        136 words
      • Article
        Lock icon Olam International
        67 9 COMMODITIES trader Olam International has offered to repurchase up to US$500 million of its 6 per cent convertible bonds issued in 2009 and due 2016, it said in an exchange filing on Wednesday. The invitation to tender will close on Dec 18 at 8pm and Olam expects to
        67 words
      • Article
        Lock icon The Trendlines Group
        52 9 CATALIST-LISTED Israeli company The Trendlines Group will team up with Boston-based private investment firm Saviva Capital to jointly bid for a Israeli government incubator franchise that will focus on agriculture and food technologies, Trendlines said in an SGX filing on Wednesday. Saviva will invest US$9.2 million under
        52 words
    • Article
      Lock icon Ascendas Reit acquiring One@Changi City for S$420m
      505 9  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ASCENDAS Real Estate Investment Trust (A-Reit) is acquiring One@Changi City, a property at Changi Business Park, for S$420 million. The vendor is Ascendas Frasers Pte Ltd, a 50/50 joint venture between Frasers Centrepoint Ltd and A-Reit’s controlling
      505 words
    • Article, Illustration
      Lock icon STI falls 14.84 pts, another lacklustre day
      668 10  -  Market strategist suggests that Singapore equities may have yet to bottom out, and that the market is risk-averse STOCKS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT SINGAPORE stocks struggled to wake up on Wednesday, instead pulling the covers back over themselves, grumbling about how nobody
      Source: Bloomberg  -  668 words
    • Article
      Lock icon STI STOCKS
      304 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 halt -/-271 213 6.1 6026.8 CapitaLand 322 -4 326/320 379 267 11.8 2.8 *****.8 CapitaMall Trust 192 +1 193/191 228 184.5 5.6 6672.5 CityDev 718 +3 722/714 1095 712 8.6 2.2
      304 words
    • Article
      Lock icon MOST ACTIVE
      33 10 VOLUME China Env 61,993,200 Rowsley 37,625,100 Noble 29,200,500 NOL 26,125,900 Informatics 25,191,200 Market volume 964,846,000 VALUE Singtel 57,342,773 DBS Grp 52,143,045 UOB 39,432,474 OCBC Bank 32,343,670 NOL 31,866,700 Market value 681,821,000
      33 words
    • Article
      Lock icon SGX ETFS
      113 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 292 -1 245 294/292 355/280 291/292 IS MS INDIA US$ US641 -13 184 649/641 1000/641 641/646 80.1 DBXT MSBrazil US$ US249 -5 120 250/246 409/226 247/249 ABF SG Bond ETF 115.5 +0.5 30 115.5/115.5
      113 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Dec 9 VALUE CLOSE BT OB/OS -343.00 +29.00 BT CADI -*****.00 -54.00 BT 10-day MA -*****.00 -34.00 FTSE ST Mid Cap 671.75 -1.37 FTSE ST Small Cap 404.06 +0.21 FTSE ST All Share 692.10 -3.56 FTSE ST China Top 171.32 -0.94 FTSE ST China 206.65 -0.98 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index Dec 9,2015 692.10 -3.56 (-0.51%) Current streak 2 days Day high 694.58 Day low 692.05 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index Dec 8,2015 1,709.78 -24.65 (-1.42%) Current streak 1 day Day high 1,732.85 Day low 1,707.86 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 2 1 0 0 6 6 2 Manufacturing 40 44 26 13 4 9 53 48 35 Commerce 13 20 13 8 5 4 21 25 17 Tpt/Stor/Comms 13 13 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,999 4,478 14,477 30,697 1,703 32,400 Manufacturing 108,359 26,489 134,848 75,308 3,800 79,108 Commerce 46,496 37,619 84,115 59,833 2,240 62,073 Tpt/Stor/Comms 87,981 270 88,251 135,989 22 136,010 Finance 17,205 60 17,265 146,599 6 146,606 Construction
      125 words
    • Article
      Lock icon GAINERS
      78 10 BY CENTS CLOSE UP 52w high/low Lyxor US DJIA US$ 1788 60.4 2.5 1900/1605 Darco Water Tech 75 46.0 158.6 96/28.5 GLD US$ ***** 44.9 0.3 *****/***** IS ASIA HYG US$ 1045 19.7 1.4 1130/1007 DairyFarm USD 593 15.5 1.9 977/576 BY PERCENTAGE CLOSE UP 52w high/low Darco Water
      78 words
    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low DBXT MSEurope US$ 5471 -167.1 -2.1 6300/5225 Jardine C&C 3462 -102.0 -2.9 4258/2636 DBXT Vietnam US$ 2206 -75.8 -2.4 2786/2139 JSH USD 2720 -60.4 -1.6 3693/2611 Lyxor Indonesia US$ 6995 -57.6 -0.6 9182/6250 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -50.0 -0.1
      74 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      80 10 VOL CLOSE($) CHANGE Del Monte Pac 13,078.3 0.395 +0.105 +36.21 Hiap Tong 100.0 0.072 -0.037 -33.95 China Env 61,993.2 0.086 +0.026 +43.33 Lereno Bio-Chem 196.6 0.064 +0.020 +45.46 MegaChem 215.0 0.350 +0.045 +14.75 VGO 11.5 0.085 -0.015 -15.00 Libra 389.2 0.145 -0.028 -16.19 Enviro-Hub 4,323.2 0.092 +0.007 +8.24
      80 words
    • Article
      Lock icon BROKERS’ TAKE
      482 10  -  Compiled by Kenneth Lim GL Buy Dec 9 close: S$0.84 Target price: S$1.43 RHB Research, Dec 9 GL Limited (formerly known as GuocoLeisure), has recently put up its west London hotel, Thistle Kensington Gardens Hotel, for sale and has appointed Jones Lang LaSalle to assist in the process.
      482 words
    • Article
      Lock icon CALENDAR
      9 10 DATA I 9.30 pm US Initial Jobless Claims
      9 words
    • Article
      Lock icon Commodity rout hits emerging Asian currencies
      409 11 CURRENCIES REUTERS Singapore MOST emerging Asian currencies eased on Wednesday as a rebound in oil prices failed to ease concerns over a commodity rout that has renewed concerns about global deflationary pressures, a risk brought home by China’s tame inflation data. In onshore trade,
      REUTERS  -  409 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
        2 words
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Dec 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.980 4.641 0.661 5.598 48.239 100.208 0.887 8.527 3.082 1.087 74.904 34.066 1.015 10.513 0.716 23.736 25.947 0.480 0.722 Canada 1.020 4.735
        471 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
        2 words
      • Article, Illustration
        Lock icon DOW JONES
        2 11
        2 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Dec 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0142 1.0150 0.7221 0.7226 Canadian dollar 1.0349 1.0354 0.7371 0.7369 Euro 1.5346 1.5353 1.0926 1.0930 NZ dollar 0.9327 0.9333 0.6641 0.6644 Sterling pound 2.1119 2.1129 1.5037 1.5042
        155 words
      • Article, Illustration
        Lock icon NIKKEI
        1 11
        1 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Dec 9 S$ Bid Offer 1-month 1.4057 1.4061 2-months 1.4071 1.4075 3-months 1.4078 1.4082 6-months 1.4109 1.4114 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        203 11 Most active Dec 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.3 0.1 ***** 1 18 10 STI 3100 MB eCW*****9 2.8 -0.2 8850 0.0 --2 Ntegrator Intl Ltd W*****3 0.3 unch 4520 1 1
        203 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 11 In local curr In S$ In US$ dy yr dy yr dy yr Dec 8 Index Change Change Change Change Change Change World Preliminary 1284.1 -0.9 0.7 -0.5 3.9 -0.9 -2.2 EAFE Preliminary 1011.2 -1.4 2.5 -1.0 2.4 -1.4 -3.7 Europe Preliminary 1406.1 -1.6 1.8
        365 words
      • Article
        Lock icon SGX DERIVATIVES TRADING
        401 11 Dec 9 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.00 *****.50 *****.50 *****.00 *****1 *****0 Jan16 *****.00 *****.00 9967.50 *****.00 4108 7657 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 *****1 *****6 Mar16 *****.00 *****.00 *****.00 *****.00 *****6 ***** MSCI TAIWAN
        401 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Dec 9 $S Offer Bid 0vernight 0.03 Par 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.1875 1.0625 Overnight mode: 0.25 US$ Offer Bid 7 days 0.23 0.13 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        69 11 Dec 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.55 100.60 100.60 5-Year N*****0S 2.000 01-Jul-20 100.44 100.60 100.50 10-Year NX*****Z 2.375 01-Jun-25 99.28 99.55 99.28 15-Year NZ*****F 2.875 01-Sep-30 101.52 101.55 101.55 20-Year NZ*****V 3.375 01-Sep-33 107.93
        69 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 11 Dec-8 Price Net change change Last Trade Agricultural Dec-8 CBOT Soybeans (US cents/bu) 876.75 -5.50 -0.62% 14/01/2016 CBOT Soybean Oil (US cents/lb) 31.23 0.25 0.81% 14/12/2015 CBOT Wheat (US cents/bu) 470.75 0.50 0.11% 14/12/2015 Dec-8 LIFFE Cocoa (£/tonne) 2255.00 -43.00 -1.87% 14/12/2015 LIFFE Coffee (US$/tonne) 1531.00 -4.00 -0.26%
        193 words
      • Article
        Lock icon PALM OIL
        54 11 Dec 9 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2180.0 10 2173 Jan 16 2314.0 2300.0 2321.0 2295.0 1566 ***** Feb 16 2408.0 2384.0 2412.0 2375.0 ***** ***** Mar 16 2456.0 2437.0 2459.0 2429.0 7229
        54 words
    • Article
      Lock icon SGX MAINBOARD
      1856 12 Transaction date: Dec 9 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom Last Sale AAT vol ('000) 124 80 AEI Day Low Div C'vr 153 131.5 AIMSAMP Cap Reit Net 175.5 116.5 ARA Asset Mgmt
      1,856 words
    • Article
      Lock icon SGX CATALIST
      363 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 10.1 2.3 t Abundance Intl (’000) High Day LOW Div C'vr GrYld Net P/E MCap 35 3.6 1.6 t Asiatic t 3Cnergy 10.3 25.5 10.3 t CMC Infocomm
      363 words
    • Article
      Lock icon SGX ETF
      112 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol ('000) High 409 226 DBXT MSBrazil US$ US249 -5 120 250 246 1750 1151 DBXT MSCHINA US$ US1252 +6 0 1252 1252 6246 4478 DBXT MSKorea US$
      112 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      28 8 Capitalize opportunities in the market using CFDs regardless of bull or bear market Open a new CFD trading account and enjoy 50% commission rebate* *Terms and conditions apply
      28 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      50 8 HOT PROPERTY JLN RIANG CORNER terr. 4rm. Unfurn. New paint. Move in. Park 2 cars. Nex/ MRT. $4.2K Immed. $4800 0NO! S/STY terr 1800sf 5+1 rm. Kallang MRT. Unfurn, New paint. Car lots. Immed. LANDED PROPERTIES FOR RENT Check out these properties and more in The Straits Times Classified now!
      50 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      289 9 FUTURE I I t I II itt i fS CHINA ADVANCED LEADERS PROGRAMME EMPOWERING FUTURE LEADERS WITH CHINA-READY SKILLS “I think FutureChina Advanced Leaders Programme is a good platform to keep one informed of the developments in China. This platform gives you a very broad perspective of China’s politics, economics,
      289 words
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      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!
      71 words
Page thumbnail Page 13
  • REAL ESTATE
    • Article, Illustration
      Lock icon Frasers Hospitality acquires four boutique hotels in the UK
      560 13  -  £36m acquisition from Swire Properties Hotels comes six months after the purchase of a hotel chain in that country By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore BARELY six months since its acquisition of a hotel chain in the UK, Frasers Hospitality is
      560 words
    • Article
      Lock icon Rents for private, HDB flats ease further in November
      569 13  -  Most tenants now prefer shorter leases in view of declining market rents, consultants say By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore WEAKNESS prevailed in the residential leasing market in November, going by an estimated 1.1 per cent month-on-month drop in private non-landed
      569 words
    • Article
      Lock icon Guidelines on energy-saving retrofit works coming soon
      453 13 Singapore TO help owners overcome the initial financial barriers in retrofitting their buildings with en-ergy-efficient features, the Singapore Green Building Council (SGBC) and the Building and Construction Authority (BCA) will develop a set of contractual guidelines for these projects. This standard energy performance
      453 words
    • Article, Illustration
      Lock icon SingLand-UOL venture is top bidder for Clementi housing site
      772 14  -  Analysts say tender’s prefab construction clause may have limited the number and value of bids By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A 99-YEAR leasehold private housing site along Clementi Avenue 1 has fetched six bids at a state tender that closed
      BT Graphics  -  772 words
    • Article
      Lock icon 3-year property boom leaves Melbourne with empty homes
      599 14 BLOOMBERG Sydney AUSTRALIA’S three-year property boom is leaving Melbourne awash with empty homes. In the country’s second-biggest city, growing numbers of local landlords and absent overseas owners have locked up their properties foregoing rental income as they focus instead on price gains,
      BLOOMBERG  -  599 words
    • Article
      Lock icon BlackRock plans 2.5b euro Europe boost
      573 14 BLOOMBERG Berlin BLACKROCK, the world’s biggest asset manager, plans to buy as much as 2.5 billion euros (S$3.8 billion) of continental European properties over three years more than doubling its pace of investment as its clients seek to take advantage of a weak euro.
      BLOOMBERG  -  573 words
    • Article, Illustration
      Lock icon Americans struggling to keep up with sky-high rents: study
      484 15 Better job prospects and ageing population spurring demand for rental accommodation, it says REUTERS Washington RECORD numbers of US renter households are spending more than 30 per cent of their income, and in many cases more than half their income, on
      REUTERS; PHOTO: BLOOMBERG  -  484 words
    • Article
      Lock icon Househunt
      1212 15 Property transactions for districts 1 to 28 with contract dates between Oct 28 and Nov 3,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 28/10/2015 99 1528 3100 2028 District 2 NON-LANDED Int'l Plaza
      1,212 words
    • Article
      Lock icon Blackstone to buy apartments from Greystar for US$2b
      488 15 With this deal for 32 properties with 10,399 units, the world’s largest private equity firm will control 57,000 units in the US WP New York BLACKSTONE Group has agreed to buy 32 multi-family properties for about US$2 billion from Greystar Real Estate
      WP  -  488 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      77 13 cc I am guided by one simple principle in my life. What I am afraid to have publicly discussed, I never privately do. Whatever I do privately, I may have to keep it secret for some time. But if it comes out, I am prepared to defend myself.” Speaking in
      77 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      115 13 EDUCATION ASSET WITH GROWTH POTENTIAL RARE INVESTMENT OPPORTUNITY Tenure: Leasehold 103 years r r 1 f I Site Area: approx. 7,568.8 sqm (81,471 sqft) Existing GFA: approx. 4,343.4 sqm (46,752 sqft) Approved for school use on permanent basis Excellent site layout with frontage on three sides Easy access to GTE,
      115 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 3
      77 13 D13 FREEHOLD BRAND NEW DEVELOPMENT FOR SALE I 5-storey residential cum retail development Land area approx. 1,874 sq ft Built-up area approx. 6,006 sq ft Development includes sky garden and lap pool Easily accessible via public transport Suitable for multi-generational families FOR SALE BY PRIVATE TREATY For further information, please
      77 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      3 14 Hong Fok Group
      3 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      59 14 DECEMBER ISSUE OUT NOW! IN THIS ISSUE WHAT’S WRONG WITH TWITTER? CAN YOU TAKE DOWN THE INTERNET? TOP BRIDGE CAMERAS COMPARED A Christmas gift for someone special! Enjoy 30% OFF when you give a one-year print subscription to your loved one. Plus, you will also get a three-month digital subscription
      59 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      64 14 FOR RENT at only $2.40 psf PRIME BUKIT MERAH With Full Furniture Fixture Fitting Size 4,510 Sqft Fully RENOVATED FITTED Airconditioned Partitioned into Reception Area 1 MD Room 6 Direcor Rooms 1 Large Meeting Room 1 Small Meeting Room 2 General Work Areas 1 Pantry ■V For more information, call
      64 words
Page thumbnail Page 15
Page thumbnail Page 16
Page thumbnail Page 17
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Clock is ticking on historic global climate pact
      828 17 Ministers are racing to resolve a handful of stubborn disputes to seal a deal by Friday’s deadline AFP Le Bourget FRANCE is to deliver on Wednesday a streamlined draft of a historic global pact to fight climate change, as world leaders scrambling
      AFP; PHOTO: REUTERS  -  828 words
    • Article
      Lock icon China widens overhaul of state sector with merger of metals firms
      710 17 BLOOMBERG Shanghai CHINA widened the overhaul of its bloated state sector as China Minmetals Corp, its biggest metals trader, agreed to buy a government-owned engineering and mining group, combining two state enterprises with about US$96 billion in sales. China
      BLOOMBERG  -  710 words
    • Article, Illustration
      Lock icon Cleaner gas favoured by utilities in European countries
      603 17 BLOOMBERG London LAWMAKERS from Germany to the UK want to legislate coal out of existence. As profit margins slump, power producers too are giving the fuel the cold shoulder in favour of cleaner natural gas. The switch to the less polluting fuel
      BLOOMBERG; PHOTO: REUTERS  -  603 words
    • Article
      Lock icon US petrol prices poised to go below US$2 a gallon
      635 17 BLOOMBERG New York WHO would have thought Opec could bear tidings of seasonal cheer? US petrol pump prices are poised to drop below US$2 a gallon for the first time in more than six years, which is sure to bring
      BLOOMBERG  -  635 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      10 17 China turns from COP15 villain to COP21 angel, Page 25
      10 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      271 17 In the Matter of The Companies Act, Cap. 50 And In the Matter of EGUARDIAN PTE. LTD. (Co. Registration No: *****7230K) NOTICE PURSUANT TO SECTION 291(4) STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY REASON OF ITS LIABILITIES LODGED WITH THE REGISTRAR OF COMPANIES AND THE OFFICIAL
      271 words
Page thumbnail Page 18
  • TECHNOLOGY
    • Article, Illustration
      Lock icon China’s O2O sector set to see more ‘unicorpses’
      1101 18 Funding is drying up as inflated valuations of unicorns or startups valued at over US$1b deter investors REUTERS Beijing THE Beijing offices of Shequ001, a startup delivering supermarket goods booked via smartphone, stand almost deserted. Leaflets lie scattered on the floor. Nearly
      REUTERS; PHOTO: REUTERS  -  1,101 words
    • Article, Illustration
      Lock icon Apple’s retail boss changes the playbook, steers stores into ultra-luxe turf
      1026 18 NYT San Francisco ANGELA Ahrendts, Apple’s senior vice-president of retail, got a private demonstration of the fancy wireless speaker, the Phantom, and its sound quality seven weeks ago. On the spot, she said she wanted the space podlike device,
      NYT; PHOTO: NYT  -  1,026 words
    • Article, Illustration
      Lock icon Yahoo cancels Alibaba spinoff plan, will create a separate company
      752 18 BLOOMBERG San Francisco YAHOO! Inc will scrap the long-planned spinoff of its stake in Alibaba Group Holding under pressure from investors concerned about the tax risks of the deal. The Web portal will instead create a separate company to hold
      BLOOMBERG  -  752 words
Page thumbnail Page 19
  • CONSUMER
    • Article
      Lock icon Dow Chemical and DuPont in merger talks, say sources
      571 19 Combined company could split into material sciences, speciality products and agrochemicals REUTERS New York DOW Chemical Co and DuPont are in talks to merge, creating a chemicals giant with a market value of more than US$120 billion that could then break
      REUTERS  -  571 words
    • Article, Illustration
      Lock icon Keurig deal gives coffee traders jitters about longer payment term
      785 19 REU TERS New York THE steady drip of additions to JAB Holding Co’s coffee empire is threatening to leave a bitter taste for traders who supply its growing network of roasters with beans, who say they now have little choice
      REUTERS; PHOTO: REUTERS  -  785 words
    • Article, Illustration
      Lock icon Founder of The North Face dies in Chile kayaking accident
      358 19 REUTERS Santiago US environmentalist and businessman Douglas Tompkins, founder of outdoor clothing and equipment company The North Face, died on Tuesday during a kayaking trip in Chile, local health officials said. He was 72. Mr Tompkins was on General Carrera
      REUTERS; PHOTO: REUTERS  -  358 words
    • Article
      Lock icon Walmart’s China imports ‘cost 400,000 US jobs in 2001-2013’
      352 19 REUTERS London WAL-MART Stores Inc’s import of goods from China led to the loss of over 400,000 jobs in the United States between 2001 and 2013, according to a report from a US-based non-profit think tank. The world’s largest retailer likely
      REUTERS  -  352 words
    • Article
      Lock icon UK firm bets on selling pollution gear to China
      335 19 REUTERS London THE college gardens and leafy parks of Cambridge may seem a world away from the smog-choked streets of Beijing, but one company in the English university town is hoping that will be a selling point. In a reverse of
      REUTERS  -  335 words
    • Article
      Lock icon Global businesses commit to emissions targets
      351 19 REUTERS Paris KELLOGG, Sony, Coca-Cola Enterprises and a group of other companies have committed to targets certified by independent assessors to cut their carbon emissions, they said on Tuesday. The initiative came as negotiators gathered in Paris try to reach an accord on reducing
      REUTERS  -  351 words
Page thumbnail Page 20
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China to cut some import, export taxes to boost ailing trade sector
      688 20 China exports in November fall for 5th straight month; producer price index down 5.9% from a year ago REUTERS Shanghai CHINA said on Wednesday it would cut some import and export taxes next year to boost its ailing
      REUTERS; PHOTO: AFP  -  688 words
    • Article
      Lock icon ECB unlikely to raise monthly QE spending next year: poll
      564 20 REUTERS Bangalore THE European Central Bank is not expected to top up the 60 billion euros (S$92.4 billion) a month that it is currently spending on buying government bonds, according to a Reuters poll that also predicted steady growth but
      REUTERS  -  564 words
    • Article, Illustration
      Lock icon German imports, exports, down in October
      340 20 REUTERS Berlin GERMAN imports fell sharply in October and exports also weakened, suggesting that Europe’s largest economy is still struggling to shake off the impact of a slowdown in China and other emerging markets. Economists were divided on whether the drop was part of
      REUTERS; PHOTO: REUTERS  -  340 words
    • Article
      Lock icon PBOC cuts yuan’s reference rate to 4-year low
      505 20 BLOOMBERG Hong Kong CHINA cut the yuan’s reference rate to the weakest since 2011, fuelling speculation that the authorities are trying to release pent-up depreciation pressure before an expected increase in US interest rates. There are signs that the People’s Bank of
      BLOOMBERG  -  505 words
    • Article
      Lock icon Emerging markets face record debt bills
      631 20 BLOOMBERG Singapore DEVELOPING nations are facing their biggest debt bills yet from international bond markets that funded them in boom times. It’s happening just as the cost to refinance overseas creeps higher, with money manager Pioneer Investments seeing no relief in sight. Companies and
      BLOOMBERG  -  631 words
    • Article, Illustration
      Lock icon Japan’s small businesses unable to support Abe’s wage strategy
      810 21 Economists say that is because many SMEs are unprofitable “zombies” kept alive by cheap financing REUTERS Tokyo JAPAN’S government hopes that raising the minimum wage will “trickle up” into a broader rise in pay and consumption, but the smaller businesses that
      REUTERS; PHOTO: REUTERS  -  810 words
    • Article
      Lock icon BOJ not likely to blink even if oil triggers cuts to CPI forecasts
      446 21 REUTERS Tokyo RENEWED declines in oil prices may force the Bank of Japan to again slash its inflation forecasts in January, but such downgrades would not lead to an immediate expansion of monetary stimulus, people familiar with
      REUTERS  -  446 words
    • Article
      Lock icon Bid to clear India’s corporate bad debt hits hurdles
      781 21 REUTERS Mumbai A TOOL provided by India’s central bank to help lenders tackle bad debts is instead helping to camouflage the scale of the problem, evidence of how the country’s banks will struggle to meet an ambitious clean-up target in 16
      REUTERS  -  781 words
    • Article, Illustration
      Lock icon Najib calls for unity in Malaysia’s ruling party
      912 21 Kuala Lumpur MALAYSIAN Prime Minister Najib Razak appealed for unity in the ruling party as thousands of members met in the capital amid tensions over a funding scandal that have festered for months, reported Bloomberg on Wednesday. The political temperature is much
      PHOTO: BLOOMBERG  -  912 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      33 21 PLAY MASTER Haresh Sharma on theatre, new Indians and being an Indian in Singapore CHENNAI FLOODS: ONE MAN’S STORY GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
      33 words
Page thumbnail Page 22
  • TRANSPORT
    • Article
      Lock icon Travel marketers just need to shed their ‘one-track’ marketing approach
      842 22  -  By Yuko Saito T The writer is managing director for South-east Asia at Criteo “NOT all those who wander are lost,” once mused The Lord of the Rings author JRR Tolkien. And why would they be, with the advent of
      842 words
    • Article, Illustration
      Lock icon Asean travel sector should pull together for sustained prosperity
      896 22  -  There is greater value in promoting South-east Asia as a regional destination instead of individual countries By Albert Villadolid T The writer is Amadeus head of distribution commercial for South-east Asia YEARS in the making, the Asean Economic Community (AEC) is
      PHOTO: AFP  -  896 words
    • Article, Illustration
      Lock icon Campaigners against Heathrow expansion vow resistance
      731 22 AFP Harmondsworth ON a bright December day in the degraded countryside around Europe’s biggest airport, campaigners stacked piles of wood for barricades and vowed they would never allow the sprawling hub to expand further. The “Grow Heathrow” camp, occupying scrubland close to the London
      AFP; PHOTO: AFP  -  731 words
    • Article
      Lock icon s-** the Business times Shipping times
      775 23 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
      775 words
  • Page 22 Advertisements
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      216 23 PLACE VOUR AD HERE r THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 FORWARDER urgently needed by shippers ADVERTISI CALI IOE WONG 9620 1 in they find your service; Here in the Shipping Tii v THE BUSINESS TUXES S PING TIMES Announce Your Corporate Development Come publicise
      216 words
Page thumbnail Page 24
  • OPINION
    • Article
      Lock icon National asset sales – weighing economics, strategy and pride
      568 24 National asset sales weighing economics, strategy and pride EDITORIAL THE sale of Neptune Orient Lines (NOL) by Temasek Holdings to French shipping company CMA CGM has elicited mixed reactions. Questions are raised on whether Temasek is selling at a low, or whether the sale will affect Singapore’s standing as a
      568 words
    • Article, Illustration
      Lock icon Why the Fed’s likely rate hike will be a mistake
      872 24  -  THE BOTTOM LINE By Paul Krugman ACCORDING to the economist Kevin O’Rourke, who has been doing a running comparison between the Great Depression that began in 1929 and the Great Recession that began almost eight years ago, the world has
      872 words
    • Article, Illustration
      Lock icon Islamic State wants the West to overreact
      1395 24  -  A growing apocalyptic vision of creating a new world under Islam may be the most plausible reason for the extremists’ shift in strategy. BY DAVID RAPOPORT strategy.BY DAVID RAPOPORT T The writer is professor emeritus of political science at UCLA, and founding and
      PHOTO: REUTERS  -  1,395 words
    • Article
      Lock icon Long way yet before Kuroda’s performance can be judged
      1109 25  -  COMMENTARY By Rei Masunaga T The writer was director general of the Foreign Department at the Bank of Japan from 1988 to 1990 and immediately prior to that, served as executive auditor at the bank. From 1991 to 2002, he served
      1,109 words
    • Article
      Lock icon Politics, not monetary technocracy, has the ultimate say
      686 25  -  By David Marsh T The writer is managing director of the Official Monetary and Financial Institutions Forum CENTRAL bank governors deemed imbued with god-like helpings of wisdom or power should beware: pride goes before a fall. Mario Draghi, the European Central Bank
      686 words
    • Article, Illustration
      Lock icon China turns from COP15 villain to COP21 angel
      1347 25  -  The future of climate policy today seems more assured in China than in the world’s other major emitter, the highly polarised US. BY ISABEL HILTON US.BY ISABEL HILTON T The writer is a London-based international journalist and broadcaster. She has written several
      PHOTO: AFP  -  1,347 words
Page thumbnail Page 25
Page thumbnail Page 26
  • LIFE & CULTURE
    • Article
      Lock icon US millennials’ dream kitchen goes micro
      1329 26 The kitchen gold-standard in the country’s urban technology centres is being redefined NYT Seattle FOR many, the American dream kitchen has long been a grand showplace, filled with granite islands that stretch like aircraft carriers through a sea of shining appliances. But in the
      NYT  -  1,329 words
    • Article, Illustration
      Lock icon Coldplay to stream new album on Spotify after one-week delay
      485 26 AFP New York BRITISH rockers Coldplay, one of a select number of acts that have shied away from Spotify, will put their latest album on the leading streaming site after a one-week delay. A message on Spotify said that A
      AFP; PHOTO: AFP  -  485 words
    • Article
      Lock icon Little proof for some altitude sickness ‘cures’
      1223 26 NYT New York WHEN the pop band Panic! at the Disco played in Colorado at the Red Rocks amphitheatre more than a mile (1.6 kilometre) above sea level, the frontman, Brendon Urie, joked that his “drug of choice” was oxygen. Urie raised his
      NYT  -  1,223 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      357 26 CRYPTIC CROSSWORD Across 1 Hard to control a child, perhaps, after work, hollowed out (7) 5 David Cameron about to steal from the French? That’s a worry (7) 9 Loving a short time hugging soldiers (American) (7) 10 Peter out with tough conservative (7) 11 Go for a walk and
      357 words