The Business Times, 11 December 2015

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Total Pages: 27
1 28 The Business Times
  • 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 Friday, December 11, 2015
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  • Article, Illustration
    248 1 Large companies in Singapore must build an upstart culture and be part of creating an innovative society, says Deputy Prime Minister Tharman Shanmugaratnam. TOP STORIES 2 Japan’s ruling LDP has agreed to reduce corporate taxes to below 30 per cent from next year.TOP STORIES 4 Singapore Exchange has
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  • 29 1 MARKETS Thursday Change STI 2,848.46 -12.73 KL COMP 1,648.65 -10.71 NIKKEI 225 19,046.55 -254.52 HANG SENG 21,704.61 -99.15 SHENZHEN B 1,269.59 -0.10 DOW (10:45 am EST) 17,645.00 +152.70
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  • 801 1  -  Purchase of Fairmont Raffles Hotels International covers 155 hotels and resorts worldwide, including Manhattan’s Plaza and London’s Savoy By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE ownership of Raffles Hotel is changing hands once again, this time to AccorHotels, which
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  • 1041 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Geneva ROBUST travel demand and cheaper jet fuel have prompted the International Air Transport Association (Iata) to yet again revise projected profits for the global aviation industry this year upwards from US$29.3 billion to
    PHOTO: BLOOMBERG  -  1,041 words
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  • TOP STORIES
    • 802 2  -  Move sparks speculation that the postal services chief may have been poached by a global firm in a similar space By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore OVERNIGHT delivery: shock resignation from local corporate darling. Singapore Post’s (SingPost) head honcho Wolfgang Baier said on Thursday evening
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    • 461 2  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore HISTORY tells stories of how the corporate mighty have fallen, as large organisations consistently miss disruption from new players. Against that, large companies in Singapore must build an upstart culture and, in doing so, be
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    • 778 2  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MORE can be done to boost industry R&D (research and development), and translate technologies into innovations for economic and societal benefit, Low Teck Seng, chief executive of the National Research Foundation
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    • 1440 4  -  Office rents are ending lower this year, ahead of a big surge in office completions and a weakening in demand REVIEW 2015 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A YEAR ago, property consultants were predicting that Singapore office rentals would continue
      Source: Savills Singapore; Source: URA, JLL Research  -  1,440 words
    • 633 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Shinzo Abe’s controlling Liberal Democratic Party (LDP) on Thursday agreed to reduce corporate taxes in Japan to below 30 per cent from next year, in the hope that this will stimulate
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    • 362 4  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SPRING Singapore will launch a study to help the retail sector become la-bour-lean and create higher val-ue-added jobs under a manpower plan for the sector rolled out on Thursday at Clarke Quay Central. Announcing the “business model and job
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    • 738 5 Most expect a deal by the Friday deadline but the worry is that compromises will water down the agreement NYT Le Bourget NEGOTIATORS from nearly 200 countries have yet to resolve major issues, such as how and when pledged cuts
      NYT  -  738 words
    • 157 5 Singapore AUSTRALIA-based electronics retail chain Harvey Norman officially opened its new superstore at Millenia Walk on Thursday evening. The three-storey, 100,000 sq ft flagship outlet, which occupies the space previously used by Japanese department store Parco, offers the largest range of electrical,
      PHOTO: LAURA NG  -  157 words
  • Page 2 Advertisements
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  • Page 4 Advertisements
    • 196 4 THE BUSINESS TIMESMAYBANK KIM ENG IM PACT #INVESTASIA2016 OPPORTUNITIES CHALLENGES The ASEAN Economic Community The AEC 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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  • Page 5 Advertisements
    • 26 5 ligne reset X A I.T L. i Store wide Sale. 09 Raffles Boulevard 02-29/30/31 Millenia Walk Singapore *****9 1130 AM -0830 PM 6238 8372 info@ligneroset.sg ligne-roset.com
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    • 140 5 SINGAPOREAN OFTHEYEAR2015 SHORTLISTED FINALISTS Yong Yuen Cheng and Lim Nghee Huat The ultramarathoners covered 2,500km 50km daily over 50 consecutive days. Their feat is about determination, shattering mental barriers and what the human body can achieve. Wong Li Wai Most people flee from Ebola. But volunteer nurse Li Wai braved
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  • COMPANIES & MARKETS
    • 734 6  -  SGX could reconsider its removal of the cap on clearing fee; some observers believe that longer trading hours are counter-productive HOCK LOCK SIEW BY R SIVANITHY IT WOULD not be an exaggeration to describe conditions in the local stock market as extremely dire, possibly the
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    • 386 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange (SGX) has launched SGX Bond Pro, its over-the-counter electronic trading platform for Asian bonds, the market operator announced on Thursday. The platform currently allows trading of Asian corporate bonds denominated in the G3
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    • 439 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE independent financial adviser to the board of Tiger Airways Holdings has given a “fair and reasonable” opinion on the offer by Singapore Airlines for shares in the budget carrier that it does not
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    • 533 7  -  It is partnerning Abacus Property Group and KPG Capital to develop two 30-storey towers By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CITY Developments (CDL) on Thursday announced its re-entry into the Australian residential sector after more than a decade since its last project there
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    • 367 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SEVERAL months after it was initially scheduled to close the deal, logistics provider Global Logistic Properties (GLP) has completed its acquisition of a stake in China’s largest state-owned warehouse logistics provider for two billion
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    • 421 7  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A YEAR after it downgraded the Singapore market to “underweight” due to concerns over the energy and property sectors in Singapore, investment bank Goldman Sachs has upgraded the market back to “market weight” with a 12-month Straits
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    • CORPORATE DIGEST
      • 113 7 AN indirect associate of mainboard-listed property firm OUE Limited has raised its stake in Hong Kong-listed real estate developer Gemdale Properties and Investment (GPI), the group said in a Singapore Exchange filing on Thursday, adding that this would boost its access to China’s property market. OUE Lippo has
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      • 108 7 PRIVATE education firm TMC Education has found a potential buyer for two strata-titled lots at Peninsula Plaza but will have to book a S$1.21 million net loss on the sale. it said in a Singapore Exchange filing on Thursday that it has inked option agreements with Foundation of
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      • 91 7 SEMICONDUCTOR equipment maker UMS Holdings has inked a deal with a Malaysian aerospace metallic component maker as it seeks to diversify beyond its semiconductor segment. It has signed a memorandum of understanding with All Star Fortress (ASF), under which it will make a preliminary cash injection of rm
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    • 697 8  -  Sentiment hit by a combination of adverse factors, resulting in ST Index suffering its third consecutive fall TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Thursday drifted to a 12.73-point loss at 2,848.46, amid low volume of 990.4 million units
      Source: Bloomberg  -  697 words
    • 306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 cd -10 228/221 271 213 6.4 5773.5 CapitaLand 318 -4 322/316 379 267 11.6 2.8 *****.9 CapitaMall Trust 189.5 -2.5 191/185.5 228 184.5 5.7 6585.7 CityDev 715 -3 720/711 1095 711
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    • 38 8 VOLUME China Env 67,334,300 New Silkroutes 62,219,100 Ascendas Reit 33,368,600 Noble 26,625,400 HPH Trust USD 26,413,000 Market volume 1,172,951,000 VALUE DBS Grp 84,165,302 Ascendas Reit 74,637,153 Singtel 60,887,445 OCBC Bank 57,005,527 UOB 38,497,747 Market value 889,837,000
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    • 111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 291 -1 432 292/290 355/280 290/292 IS MS INDIA US$ US647 +6 95 650/642 1000/641 645/647 80.9 DBXT MSRussia US$ US169 +1 78 169/169 235/140 171/172 DBXT MSINDO us$ US1112 -4 56 1113/1108 1492/911
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    • 77 8 Dec 10 VALUE CLOSE BT OB/OS -412.00 -69.00 BT CADI -*****.00 -134.00 BT 10-day MA -*****.00 -41.00 FTSE ST Mid Cap 666.28 -5.47 FTSE ST Small Cap 401.42 -2.64 FTSE ST All Share 688.21 -3.89 FTSE ST China Top 170.53 -0.79 FTSE ST China 205.20 -1.45 FTSE
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    • 35 8 STI FTSE ST All-Share FTSE ST All-Share index Dec 10,2015 688.21 -3.89 (-0.56%) Current streak 3 days Day high 690.54 Day low 687.29 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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    • 33 8 STI MSCI EAFE MSCI EAFE index Dec 9,2015 1,713.39 +3.61 (+0.21%) Current streak 1 day Day high 1,722.22 Day low 1,701.77 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 3 0 1 0 6 6 3 Manufacturing 22 46 30 10 9 8 32 55 38 Commerce 11 20 13 2 6 7 13 26 20 Tpt/Stor/Comms 14 17 6
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,546 6,956 19,502 29,890 2,549 32,439 Manufacturing 100,223 40,376 140,599 82,847 5,579 88,426 Commerce 112,519 21,155 133,674 47,120 1,324 48,444 Tpt/Stor/Comms 125,969 1,371 127,340 172,343 115 172,458 Finance 18,576 18,576 199,658 199,658 Construction 35,300 3,407
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    • 72 8 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 7065 98.3 1.0 9182/6250 Jardine C&C 3492 30.0 0.9 4258/2636 Great Eastern 2020 20.0 1.0 2600/1870 DBXT MSBrazil US$ 259 14.0 4.0 409/226 Hotel Royal 360 11.0 3.2 388/300 BY PERCENTAGE CLOSE UP 52w high/low IP Softcom 4.9 122.7 2.7
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    • 76 8 BY CENTS CLOSE DOWN 52w high/low DBXT DBCDJUBS US$ 1825 -186.7 -6.8 2279/1825 DBXT MSJAP US$ 4860 -164.2 -2.4 5277/4433 SPDR S&P500 US$ ***** -162.8 -0.6 *****/***** JMH USD 4861 -110.9 -1.6 6788/4502 GLD US$ ***** -44.9 -0.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Charisma W*****3 0.1 -50.0
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    • 83 8 VOL CLOSE($) CHANGE IP Softcom 82.1 0.049 +0.027 +122.73 Enviro-Hub 14,735.5 0.085 -0.007 -7.61 Xyec 63.0 0.225 +0.030 +15.39 China Taisan 91.1 0.083 -0.005 -5.68 Full Apex 40.0 0.028 -0.016 -36.36 Raffles United 205.0 0.200 +0.010 +5.26 IPCO Intl 5,801.1 0.005 +0.001 +25.00 Imperium Crown 6,323.9 0.067 -0.010
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    • 442 8  -  Compiled by Kenneth Lim Ascendas Real Estate investment Trust Buy Dec 10 close: S$2.28 Target price: S$2.50 OCBC Investment Research, Dec 10 ASCENDAS Real Estate Investment Trust (A-Reit) has proposed an equity fund raising exercise (private placement and preferential offering) to raise gross proceeds of about S$408.3 million.
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    • 10 8 DATA I 9.30 am (Dec 12) China Industrial Production
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    • 418 9 CURRENCIES London THE Swiss franc rose against the euro on Thursday after Switzerland’s central bank kept interest rates on hold at record lows, defying some expectations that it might act to weaken an overvalued currency. The Swiss National Bank (SNB) kept its target
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    • FOREX RATES
      • Article, Illustration
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      • 471 9 Dec 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.988 4.692 0.663 5.650 48.694 101.743 0.887 8.609 3.106 1.081 75.683 34.399 1.023 10.966 0.718 23.947 26.271 0.480 0.729 Canada 1.012 4.748
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      • Article, Illustration
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      • 155 9 Dec 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0228 1.0236 0.7287 0.7292 Canadian dollar 1.0352 1.0356 0.7377 0.7375 Euro 1.5433 1.5439 1.0995 1.0999 NZ dollar 0.9467 0.9471 0.6745 0.6747 Sterling pound 2.1297 2.1307 1.5173 1.5179
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      • 22 9 Dec 10 S$ Bid Offer 1-month 1.4048 1.4050 2-months 1.4064 1.4065 3-months 1.4075 1.4078 6-months 1.4100 1.4105 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 205 9 Most active Dec 10 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ntegrator Intl Ltd W*****3 0.2 -0.1 ***** 1 1 6.00 35 Rowsley Ltd W*****3 3.1 -0.2 ***** 1 18 10 DBS MB eCW*****4 12.5 -0.1 6490 0.1
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      • 365 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 9 Index Change Change Change Change Change Change World Preliminary 1279.7 -0.3 0.3 -0.4 3.5 0.0 -2.3 EAFE Preliminary 1005.5 -0.6 1.9 -0.1 2.3 0.2 -3.5 Europe Preliminary 1398.8 -0.5 1.2
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      • 395 9 Dec 10 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.50 *****.00 *****.50 *****.50 *****9 *****6 Jan16 *****.00 *****.00 9990.00 *****.00 4058 ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****0 Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****2 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Dec 10 $S Offer Bid 0vernight 0.05 0.02 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.1875 1.0625 Overnight mode: 0.30 US$ Offer Bid 7 days 0.25 0.15 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
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      • 69 9 Dec 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.6 100.65 100.65 5-Year N*****0S 2.000 01-Jul-20 100.55 100.80 100.60 10-Year NX*****Z 2.375 01-Jun-25 99.46 99.70 99.55 15-Year NZ*****F 2.875 01-Sep-30 101.64 102.05 101.85 20-Year NZ*****V 3.375 01-Sep-33 108.13
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    • AGRI METALS ENERGY
      • 193 9 Dec-9 Price Net change change Last Trade Agricultural Dec-9 CBOT Soybeans (US cents/bu) 876.75 unch 0.00% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.86 -0.37 -1.18% 14/12/2015 CBOT Wheat (US cents/bu) 478.00 7.25 1.54% 14/12/2015 Dec-9 LIFFE Cocoa (£/tonne) 2265.00 10.00 0.44% 14/12/2015 LIFFE Coffee (US$/tonne) 1526.00 -5.00 -0.33%
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      • 57 9 Dec 10 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2154.0 2160.0 2155.0 2154.0 30 1834 Jan 16 2284.0 2280.0 2288.0 2273.0 1401 ***** Feb 16 2377.0 2377.0 2379.0 2350.0 ***** ***** Mar 16 2429.0 2436.0
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    • 1748 10 Transaction date: Dec 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net 153 131.5 AIMSAMP Cap Reit 134 -1 759 136 134 1 8.3 850.4 High 175.5 115 ARA Asset Mgmt 116
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    • 394 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High 3.6 1.1 t Adventus Low Div 25 4.5 t Alliance Mineral 14.6 -0.3 ***** 15.2 14.5 57.5 GrYld Net 15.5 5 t AsiaMedic MCap 35
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    • 91 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol C000) 409 226 DBXT MSBrazil US$ US259 +10 24 259 259 Low Div C'vr 233.2 178.2 DBXT MSPHILS US$ US183.1 -1.8 20 183.1 183.1 14.6 Net 2392
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  • Page 6 Advertisements
    • 1534 6 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 888 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SPINNAKER GSS INVESTMENTS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2684Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 16 Collyer Quay #34-02 Singapore *****8 on the 4th day
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  • Page 7 Advertisements
    • 1571 7 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices ANNICA HOLDINGS LIMITED (Company Registration No. *****4025N) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same meaning as used in the circular dated
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  • Page 10 Advertisements
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  • BANKING & FINANCE
    • 807 11 With no deal yet with the four main Australian banks who have their own sophisticated apps Apple is cut off from 80 per cent of the payments market Down Under REUTERS Sydney APPLE Inc is struggling to persuade Australia’s big banks to
      REUTERS  -  807 words
    • 478 11 BLOOMBERG Washington THE US Justice Department is examining possible manipulation in the trading of agency bonds US$9 trillion or more in debt issued by the likes of German states, government entities and the World Bank according to three people familiar
      BLOOMBERG  -  478 words
    • 665 11 BLOOMBERG Kuala Lumpur A MALAYSIAN institute set up seven years ago to improve education standards for Islamic finance professionals is going global as it seeks to fill a void of professionals with specialities such as insurance and law. The
      BLOOMBERG; PHOTO: BLOOMBERG  -  665 words
    • 428 11 IFR London BELGIUM’S debt management office has axed Deutsche Bank as a primary dealer for 2016 after conducting a performance review of all its market makers. With the decision, Deutsche Bank becomes the second big bank to drop out of a sovereign primary
      IFR  -  428 words
  • Page 11 Advertisements
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  • TECHNOLOGY
    • 832 12 Kinaxis, which has posted steady growth in sales and profits, has more than tripled from its June 2014 IPO price BLOOMBERG Ottawa IN A stock market where everything’s going wrong, Kinaxis Inc is doing everything right. The Canadian cloud software
      BLOOMBERG  -  832 words
    • 422 12 Dutch-based Blendle allows users to make small payments to read individual articles AFP New York ONLINE news startup Blendle, which allows users to make small payments to read individual articles, announced plans on Wednesday to launch next year in the United States. Blendle,
      AFP  -  422 words
    • 773 12 NYT San Francisco YAHOO remains stuck in the deal cycle, putting off what looks like an inevitable sale for another year. Still, a year gives its chief executive, Marissa Mayer, another chance to increase a price tag on the once-great Internet company.
      NYT; PHOTO: NYT  -  773 words
  • Page 12 Advertisements
    • 68 12 cc Life is not just eating, drinking, television and cinema…The human mind must be creative, must be self-generating; it cannot depend on just gadgets to amuse itself.” Speech at the Chinese New Year and Hari Raya Haji celebrations at Joo Seng Community Centre in 1970 Catch these and other piquant
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    • 33 12 PLAY MASTER Haresh Sharma on theatre, new Indians and being an Indian in Singapore CHENNAI FLOODS: ONE MAN’S STORY GET YOUR COPY TODAY TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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    • 14 12 IPOfunds raised here this year 90% To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • ENERGY & COMMODITIES
  • Page 13 Advertisements
    • 25 13 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988
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    • 476 13 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 369 13 KIDDIES CLINIC PTE. LTD. (In Members' Voluntary Liquidation) (Co Reg No. *****0264R) NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to Section 308(2) of the Companies Act, Cap. 50 that the Final Meeting of Members of the abovenamed Company will be held at 35 Selegie Road, #04-06 Parklane Shopping
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    • 509 13 In the Matter of The Companies Act, Cap. 50 And In the Matter of EICUK (ASIA PACIFIC) PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****7812C) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General
      509 words
    • 444 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SPINNAKER GO INVESTMENTS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2668W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 16 Collyer Quay #34-02 Singapore *****8 on the 4th day
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  • CONSUMER
    • 807 14 / 15 The meteoric rise of social media is forcing these companies to reassess how they use, interact with, and respond to the likes of instagram and Snapchat NYT New York JOSÉ de Cabo spends a lot of time on social media. But
      NYT  -  807 words
    • 861 14 / 15 BLOOMBERG Hong Kong THE co-founder of one of China’s hottest smartphone makers says a shakeout in the industry is going to get worse before it gets better as dozens of companies with similar products battle for market share and Apple Inc
      BLOOMBERG; PHOTO: BLOOMBERG  -  861 words
    • 967 14 / 15 After years of strong growth and accolades, the chain is facing critical challenges over food poisoning WP New York CHIPOTLE became the darling of the fast-food world by attracting millennials, blue-collar workers and even whole families with its promise of high-quality, sustainably
      WP  -  967 words
  • TRANSPORT
    • 730 14 / 15 Carmaker failed to disclose to regulators vehicle crash death and injury reports REUTERS Washington FIAT Chrysler Automobiles NV has agreed to pay US$70 million in fines to resolve a US investigation that it failed to disclose vehicle crash death and
      REUTERS  -  730 words
    • 424 14 / 15  -  By Samuel Ee samuelee@sph.com.sg Singapore THE issue over carbon dioxide emissions and fuel consumption figures is “largely concluded”, the Volkswagen Group (VW) announced on Thursday, and no unlawful changes to the stated fuel numbers have been found to date. “Following extensive
      424 words
    • 682 14 / 15 BLOOMBERG Tokyo WHAT does 2+2 equal? If Lexus is doing the math, its newest model could be the answer. Toyota Motor Corp’s luxury division is finalising a production version of the LF-LC concept car revealed on the auto show circuit four
      BLOOMBERG; PHOTO: AFP  -  682 words
    • 412 14 / 15 RE UTERS Washington A US safety group said Japanese and German carmakers dominated the list of the safest vehicles on American roads, in part by adding advanced technology to prevent frontal collisions. The Insurance Institute for Highway Safety, an industry funded
      REUTERS  -  412 words
    • 2135 22 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) SIN PG PKL KUC JKT SUR BRIGHT STATE 118 40 122 24/12 26/12 30/12 EMERALD CORAL 095 60 26/12 28/12 31/12 2/1
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    • 153 14 / 15 SIPtPI fr -H EHlLi n n 4 S5E E tf&n si* I l&MSPFW! r R-HwvW I U A5You are now ready to be recognised at Singapore Business Awards 2015 You have seen the unseen with your innate intuition; thought out of the box to seek alternative paths; and soldiered on
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  • GOVERNMENT & ECONOMY
    • 593 16 AFP BLOOMBERG Kuala Lumpur MALAYSIAN Prime Minister Najib Razak on Thursday defiantly rejected calls to step down over a political funding scandal as the ruling party doubled down on its support for him in the face of an uncertain electoral outlook. Mr
      AFP; BLOOMBERG; PHOTO: AFP  -  593 words
    • 605 16  -  Malaysia’s growth is seen moderating to 4% in 2016 with a further 4.5% downside to the ringgit By Pauline Ng btworld@sph.com.sg Kuala Lumpur GLOBAL banking group Nomura is projecting even choppier growth in Asia ex-Japan next year with GDP (gross domestic product) expansion
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    • 322 16 LATEST US DATA REUTERS Washington US IMPORT prices fell in November as the cost of petroleum and several goods continued to decline, suggesting that cheaper crude oil and a strong dollar will keep imported inflation pressures subdued for a while. The Labor Department
      REUTERS  -  322 words
    • 419 16 He says Osaka was given the event in such circumstances REUTERS London WORLD athletics head Sebastian Coe said on Thursday the award of the 2021 world championships to the US city of Eugene without a bidding process was perfectly legitimate, after French prosecutors
      REUTERS  -  419 words
  • Page 16 Advertisements
    • 120 16 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 771 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINGATAC MARINE PTE. LTD. (Co. Regn. No *****8291N (IN MEMBERS’ VOLUNTARY LIQUIDATION) Minutes of Extraordinary General Meeting of members of SINGATAC MARINE PTE. LTD. duly convened and held at 26 Tuas Avenue 10 Singapore *****7 on
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    • 755 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PSL ENERGY SERVICES PTE. LTD. (Co. Regn. No. *****4396W (IN MEMBERS VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company signed by the Representative of the Holding Company pursuant to Section
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  • REAL ESTATE
    • 703 17  -  Anchor tenant Challenger Technologies says impact on business is reduced due to its digital push By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore NEARLY five months after announcing that it was exploring options for Funan DigitaLife Mall, CapitaLand Mall Trust (CMT) said that it would redevelop
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    • 259 17  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Real Estate Developers’ Association of Singapore (Redas) SG50 exhibition is ongoing at the URA Gallery Atrium at The URA Centre. The exhibition, launched by National Development Minister Lawrence Wong on Thursday, showcases Singapore’s built history, the evolution
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    • 1046 18 Losses make up 11.4% of the bank’s CMBS deals, 80% of which were done when property prices were at the peak London CHANCES are that if you bought bonds backed by European real estate before the global financial crisis, you’ve lost money.
      PHOTO: REUTERS  -  1,046 words
  • Page 17 Advertisements
    • 110 17 OWN A COPY OF OUR COVERAGE news POST REVIEWS NEWS VIDEOS FEATURES REPORTS Here’s how you can purchase the materials in3 simple steps. If you are reading the article online, click below the article or visit www.sphdigital.com/newspost news POST Complete and submit the News Post Enquiry Form. SPH will email
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    • 255 17 IMPROVE YOUR GAME WITH THE BUSINESS TIMES businesstimes.com.sg j v i' Master the business landscape with The Business Times. Subscribe to The Business Times All-in-One package and choose between the TomTom Golfer GPS Watch or the Samsung Galaxy Tab S2 (9.7") 4G+. Receive the TomTom Golfer GPS Watch worth $429
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  • Page 18 Advertisements
    • 229 18 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED D10 HOUSE FOR SALE ILLOURA, CLUSTER SEMI D Old Holland Rd. FH. 4 yrs young 4305sf, 5 rms. 1 km to MGS. 3 sty basement 2 pte car lots lift on all floors. Outdoor dining+pond. Near King Albert Park MRT. Hurry!John
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    • 166 18 D19 HOUSE FOR SALE LUXURIOUS BUNGALOW Open Hse Sat/Sun 2-5pm. Punggol New Beautiful Bungalow, 2.5sty+ Basement. 6366/ 9360 sf, 8+1. FH. Future SIT Uni. Pool/ Lift. Gem of North-East! Call *****747 *****718 D26 HOUSE FOR SALE TUNG PO AVE 3 Sty FH Semi-D, Approx Size -3638 5800 sqft, Can Park
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    • 173 18 D13 APARTMENT FOR SALE SANT RITZ TOP SOON! Sant Ritz Potong Pasir MRT. Limited 3 Bedroom units avail. Sales Office Suntec Twr 3-Direct Developer’s Sale Sat/Sun 12noon-6pm. Call 6852 1338 D10 HOUSE FOR RENT DUCHESS ROAD 83 Duchess Road. Ramp access. 4600sf built up. Rebuilt. 6+1. Walk to Downtown line
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    • 166 18 D10 APARTMENT FOR RENT YONG AN PARK 3-bedrooms. Partial Furnished, Quiet, Poolview, Full Facilities. $7000. Amenities. Pls Call Magdalene 9029 8164 D13 FACTORY FOR SALE GENTING ROAD Genting Road terraced factory. Approx 17,000 sq ft built up. 5-storey. Dormitory approved. 40-footer loading. Good Investment. Call Judy Ong 9383 6361 Savills
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  • VEHICLES & LIFESTYLE
    • 1758 19  -  By Tony Schwartz The writer is chief executive of The Energy Project, a consulting firm, and author, most recently, of Th e Way We’re Wo r k i n g I s n’t Wo r k i n g. NEW YORK TIMES O ne evening early this
      NEW YORK TIMES; Photo: Thinkstock  -  1,758 words
  • Page 19 Advertisements
    • 85 19 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED HONDA FOR SALE VEZEL ’X’ MODEL New Honda Vezel X, 1.5 Auto. $113,888, 1 Bid Guaranteed. Delivery by Christmas. Full Accessories. Wheeler Dealers LLP #04-10 AML Or Call 9007 8000 MINI FOR SALE MINI COOPERS 2014 Mini Coopers 1.6 Auto. OMV
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    • 43 19 NISSAN FOR SALE NISSAN LATIO 2007 NISSAN Latio 1.5 LSR. Sports model. 2 owners. Good condition. Sell $*****. Call *****576 TOYOTA FOR SALE HARRIER PREMIUM Last unit Pearl White. Guaranteed Delivery within 1 week. $153,888. Wheeler Dealers LLP #04-10 AML. Call 9181 6096
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    • 46 19 BUSINESS OPPORTUNITY USA PRODUCTS Direct Sales Partner wanted for USA liquid far infrared derma grade organic skin care products. Call: 9842-8178 DOMESTIC HELP DOMESTIC HELP AVAILABLE Myanmar Indon/ Manado Filipino -Maids Nurse/Caregiver. New Direct Hiring/Transfer/Home Leave WP Renewal. #02-15, lucky plaza *****022 SMS *****388 21st Century(15C7472)
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    • 47 19 ITEMS WANTED Highest offer for Old/ New Liquor wanted Martel/ XO/ Hennessy etc/ Korean Ginseng/ used Spoilt Elect items. Call now! *****092 PETS PET CARE KOI FARM Nippon Koi Farm Biggest, Cheapest And Largest in Singapore! No 51 Jln Lekar Tel 6763 1882 or visit website: www.nipponkoifarm.com
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  • OPINION
    • 613 20 EDITORIAL IF market expectations are correct and the US Federal Reserve decides to raise interest rates on Dec 16, it will be the start of what could be a long road to normalisation whatever that is. For
      613 words
    • 758 20  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington WHEN it comes to cyberwar and cyberterrorism, we need to think the unthinkable, says veteran TV journalist Ted Koppel. His unthinkable is this: Someone hacks into the nation’s electric power grid and causes large
      THE WASHINGTON POST WRITERS GROUP  -  758 words
    • 1301 20  -  Nativist sentiments were directed against incoming Irish and German Catholics in the 1830s By Leon Hadar A STRONG anti-immigration sentiment was sweeping America. Americans who were born and raised in the United States were concerned that with hundreds of thousands of foreigners arriving on
      PHOTO: AFP  -  1,301 words
    • 1032 21  -  COMMENTARY By G Panicker IN the global climate war, India plays a consequential role. The world’s fourth-largest emitter will see a whopping increase in greenhouse gas emissions as its economy gains further momentum. Such a prospect is raising global disquiet, even though India’s carbon
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    • 688 21  -  By Cass R Sunstein BLOOMBERG VIEW DO you think that this is a profound statement? “Intention and attention are mystery’s manifestation.” What about this one? “Hidden meanings transform unseen beauty.” Both statements are, of course, bullshit, understood in a particular sense:
      BLOOMBERG VIEW  -  688 words
    • 1127 21  -  Fiscal policy if followed now will increase public debt, augmenting net interest payments and forcing the trap to snap. BY JOERGEN OERSTROEM MOELLER snap.BY JOERGEN OERSTROEM MOELLER T The writer is visiting senior fellow at ISEAS Yusof ishak institute, Singapore, and adjunct professor
      PHOTO: AFP  -  1,127 words


  • Page 22 Advertisements
    • 95 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THEBLSLNESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via sriH3hnaritime.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 of
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  • BT Lifestyle
    • 689 23  -  Expect the unexpected at the various off-the-grid locations during January’s Singapore Art Week as the National Arts Council has commissioned several site-specific works in places one might not think to find art.BY CHEAH UI-HOON art.BY CHEAH UI-HOON IT will be hard enough to drag art lovers
      689 words
    • 521 23  -  By Cheah Ui-hoon uihoon@sph.com.sg No Man’s Land by Open House WITH art walkabouts in Niven Road, Marine Parade, Tiong Bahru, even Marina Bay corporate boardrooms and Joo Chiat since 2009, you could say that Open House is a veritable Pied Piper for art
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    • 630 23 Death by a Thousand Cuts by Vertical Submarine AFTER recreating a gruesome murder carried out by an expatriate, the next “scene” that art collective Vertical Submarine wants to explore is the mind of a man who suspects his wife of infidelity. Based
      630 words
    • 527 23  -  By Cheah Ui-hoon uihoonAsph.com.sg PPC: A Public Living Room by Hyphen AS the tallest residential space and largest mixed-use building with residential, office and carparking facilities back in the 1970s, People’s Park Complex still towers iconically over Chinatown. Since earlier this year,
      527 words
    • CINEMA
      • 545 24  -  The first Peanuts feature film in 35 years stays true to the original spirit even as it features 3D computer-generated images and a US$100m budget. By GEOFFREY EU budget.By GEOFFREY EU THE pop-culture phenomenon that is the most famous comic strip in the world
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      • 561 24  -  By Geoffrey Eu LOVE the Coopers is the latest in a long line of movies that examine the chronic dysfunction afflicting a “typical” American family. They and others of their ilk show up on our cinema screens a couple of times each
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      • 564 24 By Geoffrey Eu THE very first scene in Bone Tomahawk where a man’s throat is slit sets the tone for this grim and gut-wrenchingly gruesome Western by director S Craig Zahler, whose debut feature makes The Wild Bunch (1969) look tame in comparison.
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    • ARTS/CINEMA
      • 545 25  -  The M1 Fringe Festival gets wild with its ‘animal’ theme.BY theme.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT According to Freud, we all have animal instincts. They form what he describes as the “dark, inaccessible part of our personality a chaos, a cauldron full of seething excitations”. We
        PHOTOS: CRISPIAN CHAN, CHRISTOPHE CANATO  -  545 words
      • 228 25 FESTIVAL director Sean Tobin picks out three highlights. THE SHAPE OF A BIRD By Jean Tay and Saga Seed Theatre (Singapore) JEAN Tay is one of Singapore’s bestknown playwrights, lauded for her dramas Boom and Everything But The Brain. Her new play is expected to be
        PHOTO: DANIEL RUIZ PRIMO  -  228 words
      • 544 25  -  DANCE By Helmi Yusof helmi@sph.com.sg @HelmiBT WHEN artist Loo Zihan picked up lindy hop in junior college, it never occurred to him that the dance would take him on a decade-long journey of self-investigation into his ethnic Chinese identity and what it means
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      • 674 25  -  CINEMA By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THOMAS Morgan doesn’t just make documentaries the former real estate developer and investment banker’s works have been labelled “filmanthropy” because they have a ripple effect, going on to create movements and calls to action. In the award-winning Waiting
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    • WINE/MUSIC
      • Article, Illustration
        1036 26  -  Burgundy is now almost the de rigueur wine to accompany meals.By meals.By NK YONG I WAS asked recently: “Do you drink every day?” My reply was, “I try to”. A glass or two of red wine, usually from the balance of a bottle or bottles drunk within
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      • 599 26  -  MUSIC By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT IN a week where the music world is still reeling from the unexpected death of ex-Stone Temple Pilots frontman and vocalist Scott Weiland, veteran rocker Glenn Hughes considers himself lucky to be alive. “Let’s just say you’re
        599 words
      • 523 26  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT NATHAN Hartono has come a long way since he took to the stage for ChildAid in 2006 an experience he remembers fondly and vividly. “It was surreal and one of my first big shows in a proper
        PHOTO: HBO ASIA  -  523 words
    • CITY LIFE
      • 984 27  -  Virtual reality allows travellers to visit a destination before booking a holiday. BY AVANTI NIM avantin@sph.com.sg HOW would you like to nip out to see Tokyo’s famous Shibuya district during your lunch hour? What about the Great Barrier Reef in Cairns? There’s actually enough time to
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      • CITY BUZZ BT writers' picks of what to see, do or talk about
        • 351 27  -  By Dylan Tan Timepieces: G-Shock x VEIL x adFunture Master of G Designer Collection CHRISTMAS comes early for local G-Shock collectors Casio Singapore has just released a special Master of G collection in collaboration with cult Hong Kong designer toy company adFunture Workshop and
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        • 240 27  -  DINING By Tay Suan Chiang IF you have been put off by the long queues at Nan Hwa Fishboat along North Bridge Road, there is now a second outlet to go to. Located at Owen Road, this branch is quieter and has a wider menu. Nan Hwa
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        • 170 27  -  COMEDY By Dylan Tan DREAM Academy’s annual all-star Yuletide laugh-fest, Crazy Christmas, is back with Kumar, Broadway Beng (Sebastian Tan) and more joining resident comedians, the Dim Sum Dollies (Selena Tan, Pam Oei and Denise Tan). Coinciding with the theatre company’s 15th anniversary, the song-and-dance extravaganza
          PHOTO: DREAM ACADEMY  -  170 words
        • 219 27  -  ART By Cheah Ui-hoon IF you want to view one of the biggest commissioned collections of local artworks in Singapore, book a free tour at One Farrer Hotel Spa. Hotel operator The Farrer Park Company has commissioned more than 700 pieces of original
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        • 229 27  -  THEATRE By Helmi Yusof ALFIAN Sa’at is one of the best political playwrights of Singapore theatre. His plays such as Cooling-Off Day, Cook A Pot of Curry and Hotel examine the social and political landscape in ways few local plays have done. His latest play GRC
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  • Page 26 Miscellaneous
    • 320 26 CRYPTIC CROSSWORD Across 1 An early tea is arranged by head of press box (7,4) 9 Work, and note state of light (7) 10 Rationale of About a Boy (6) 12 Peak time with virtually all following surgical procedure (7) 13 Dog with no tail snaffling new meat dish (7)
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  • Page 28 Advertisements
    • 50 28 PROUD TO HOST ROGER FEDERER AND STAN WAWRINKA 18 19 December r i iSSSh} i BE s Lgig 0 I i m SSSias SisiBSSI :mT? 1 H THE CODE oue SINGAPORE SLWEHS QATAR af www.ouetwinpeaks.com.sg oue TwmPeaks Official Sponsor Of The OUE Singapore Slammers obf worldphone UAE ROYALS 1 7^
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