The Business Times, 17 December 2015

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Total Pages: 28
1 28 The Business Times
  • 35 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 17,2015
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  • Article, Illustration
    259 1 Not even billionaire hedge fund managers with sterling records escape heavy losses this year, and several even make the industry’s list of worst performers.TOP STORIES 6 Shares in Noble Group rise as the market reacts to news that the commodity trading group is in advanced talks with China’s
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  • 1149 1  -  Most economists polled by BT see 2016 growth as buay pai or not bad; at 2-4%, it’ll be modest year in whatever lingo THE YEAR AHEAD By Kelly Tay kellytay@sph.com.sg @KellyTayBT By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore LET’S face it. Economic forecasts tend to be
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  • Article, Illustration
    215 1  -  The Business Times polled private-sector economists in a uniquely Singaporean way on how Singapore’s economy will fare next year. Based on their projections, economists say whether 2016 will be a ho say, buay pai, sian, alamak or jialat one. BY SOON WEILUN KELLY TAY BT Infographics BY
    BT Graphics: Jennifer Chua & Lynette Neo  -  215 words
  • 28 1 MARKETS Wednesday Change STI 2,840.92 +25.40 KL COMP 1,634.13 +11.29 NIKKEI 225 19,049.91 +484.01 HANG SENG 21,701.21 +426.84 SHENZHEN B 1,288.90 -3.23 DOW (10.45am EST) 17,583.60 +58.69
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  • 1110 1  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore MOST property consultants are all agog about an office site in the Marina Bay area coming onto the market, despite the headwinds of an imminent glut from new completions in the next couple of years
    Source: URA  -  1,110 words
  • Page 1 Advertisements
    • 63 1 8 "*****1 *****4 REVIEW 2015 investment sales set to be lowest in 6 years REAL ESTATE 14 c. i zji* rji RACING IN STYLE B fe ,v' MILLE MIGLIA CHOPARD BOUTIQUES #01 -03 Takashimaya S.C., Tel, 6733 8111 B1-107 The Shoppes at Marina Bay Sands, Tel, 6688 7999 #02-106 Resorts
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    • 23 1 GOLD MINING LIMBO S’pore investors desperate to recoup money TOP STORIES 2 TACKLING DOWNTURN Yangzijiang looks to higher value vessels COMPANIES MARKETS 9
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    • 7 1 RAMPING UP Rolls-Royce raising Singapore output TRANSPORT/21
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  • TOP STORIES
    • 1358 2  -  Their investments in VGMC, APGMI are in limbo; many fear the worst, some make police reports By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore FOUR years ago, Aloysius, a 28-year old croupier at a casino in Singapore, coughed up S$ 7,000 to invest
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    • 460 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CHINA’S economic slowdown weighed heavily on the minds of Singapore and regional firms, dragging down business sentiment in the near future to new lows. Results of a Thomson Reuters/INSEAD survey released on Wednesday showed that
      PHOTO: REUTERS  -  460 words
    • 874 4  -  It plans to help them digitise and be more efficient in meeting new regulatory requirements By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INSURER Aviva plc is “well down the path” of helping its financial advisory (FA) partners here modernise by digitising and
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    • 512 4  - What Singaporeans Googled for in 2015 PSI, LKY, SEA Games By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PSI Singapore has emerged as the country’s most searched item on Google in 2015 a year of remembrance for Singaporeans, with very many searches for Lee Kuan Yew and the Sabah earthquake; and also
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    • 381 4  -  REUTERS BREAKINGVIEWS By Rachel Morarjee FOSUN boss Guo Guangchang is one of China’s most respected corporate leaders, a business guru to match former GE chief Jack Welch. His brief disappearance suggests no-one is safe from China’s graft crackdown. The heightened campaign, plus
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    • 406 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HOMEGROWN customer loyalty startup Perx has raised a “single-digit” million dollar Series A funding led by Sin-gapore-based Golden Gate Ventures and backed by Facebook co-founder Eduardo Saverin, Perx chief executive Anna Gong and
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    • 1342 6 Managers with sterling records have made industry’s list of worst performers but are soliciting investors for funds REVIEW 2015 NYT New York IT HAS been a bruising year for hedge funds. Not even billionaire managers with sterling records were able to escape
      NYT; PHOTOS: BLOOMBERG, REUTERS  -  1,342 words

  • Page 3 Advertisements
    • 89 3 i A A r a (UCil 1 o 1 A -4 60 > 6^ !j?C/y y M n 50 <- 400 350 1 X &y 300 L 75 275 r 250 80 V. n 20 IQ 20 40 225 I 85 200 A 190 U 90 180 170 160 100
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  • Page 5 Advertisements
    • 149 5 SINGAPOREAN OFTHEYEAR2015 SHORTLISTED FINALISTS Noriza A Mansor When others shunned an old man who had soiled himself, Noriza stepped up to help him. With one selfless act for a stranger, she inspired a nation. Peter Ho From space planes to exo-skeleton suits, the futuristic inventions of “Singapore’s Iron Man” Peter
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  • Page 6 Advertisements
    • 99 6 SPH TRIUMPHS at Digital Media of the Year 2015 Singapore Press Holdings wins big at the Digital Media of the Year by Marketing Magazine. These accolades across various categories cement our position as the preferred digital media platform of marketing professionals. Our commitment to create compelling and quality content on
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  • URBANISING ASIA
    • 991 7  -  With an established real estate investment trust framework and efficient tax system, Singapore will continue to attract global issuers. BY FRANCIS KAN OVER the years, real estate investment trusts (Reits) has been a key way for investors to gain exposure to the Singapore property sector.
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  • Page 7 Advertisements
    • 206 7 A ascendas Id VSer. j .1 «i.;*. Sv' *5, Mi... t vjP 3W (T_ I High-specifications industrial property Hyflux Innovation Centre, Singapore m. Build-to-suit development 15 Changi North Way, Singapore Business park property Nexus (done-north, Singapore W9 •Integrated development, amenities retail property Aperia, Singapore LEADER IN Sustainable urban DEVELOPMENTS Ascendas-Singbridge
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  • COMPANIES & MARKETS
    • 721 8  -  Commodities group confirms discussions; media reports have named China’s Cofco as party wanting to buy remaining 49% stake in Noble Agri By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHARES in Noble Group surged on Wednesday as the commodity trading group confirmed that
      Source: Bloomberg  -  721 words
    • 471 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE banks are likely to record just slightly weaker growth in profit in the year ahead, buffered by a diversification in their business, and selective lending in China, a Fitch Ratings report said
      ST FILE PHOTO  -  471 words
    • 443 8 BLOOMBERG New York VALEANT Pharmaceuticals International Inc cut its earnings guidance for next year and said it will pay down debt as the drugmaker tries to end questions about how it distributed many of its products. Valeant said in
      BLOOMBERG  -  443 words
    • 496 8  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange (SGX) declared 91 trades on Wednesday involving 52.3 million shares of New Silkroutes Group as “error trades” resulting from confusion over the recent consolidation of the company's shares, according to a statement by the
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    • 673 9  -  Chinese shipping group goes for specialised vessels in niche markets in bid to keep itself on an even keel By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore YANGZIJIANG Shipbuilding Holdings is aiming to keep itself on an even keel amid a continued industry downturn
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    • CORPORATE DIGEST
      • 65 9 YOMA has entered an equally held joint venture with Mitsubishi Corp to distribute cars in Myanmar. The new MM Cars Myanmar unit will operate two Mitsubishi Motors After-Sales Service Centres set up in Yangon and Mandalay in 2013. The centres are currently being operated by Yoma. The joint
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      • 108 9 SERVICES provider AusGroup’s recent contract awards and extensions for its clients within the energy and industrial sectors now amount to about A$100 million (S$101.8 million). AusGroup unit mas Australasia, a scaffolding firm, received a further contract extension with CB&I Kentz Joint venture for a further six months to June
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      • 117 9 NTEGRATOR has won three contracts worth about S$9 million from repeat customers in Singapore, Myanmar and Vietnam. The contracts lift its order wins in 2015 to nearly S$68 million. The communications network firm said that the first contract was awarded by the Viettel Group, Vietnam’s largest mobile network
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    • 703 10  -  STI climbs 0.9 per cent, moving up 25.4 points to 2,840.92 on the back of gains in property counters and banks STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT INVESTORS might finally be able to stop holding their breath. As global markets prepped themselves
      Source: Bloomberg  -  703 words
    • 305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 xd +2 227/223 271 213 6.5 5697.6 CapitaLand 324 +14 328/312 379 267 11.9 2.8 *****.3 CapitaMall Trust 191.5 +5.5 193.5/187.5 228 184.5 5.7 6655.2 CityDev 768 +44 768/730 1095 695
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    • 33 10 VOLUME Noble 67,572,700 NewSilkroutes 55,988,800 Golden Agri-Res 32,049,500 NOL 27,015,600 Singtel 26,754,400 Market volume 1,102,787,000 VALUE Singtel 100,720,866 DBS Grp 68,836,166 CapitaLand 53,140,385 UOB 52,001,118 OCBC Bank 37,575,873 Market value 989,987,000
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    • 113 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 290 +2 211 291/288 355/280 289/291 DBXT MSRussia US$ US167 +4 70 167/167 235/140 166/167 IS MS INDIA US$ US655 +6 32 658/653 1000/639 656/661 81.9 Lyxor LATAM US$ US399 -19 26 406/399 577/386
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    • 77 10 Dec 16 VALUE CLOSE BT OB/OS -633.00 +46.00 BT CADI -*****.00 +64.00 BT 10-day MA -*****.00 -63.00 FTSE ST Mid Cap 660.11 +3.92 FTSE ST Small Cap 395.13 +3.49 FTSE ST All Share 683.62 +6.11 FTSE ST China Top 167.19 +0.57 FTSE ST China 203.54 +1.13 FTSE
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    • 35 10 STI FTSE ST All-Share ftse ST All-Share index Dec 16,2015 683.62 +6.11 (+0.90%) Current streak 1 day Day high 684.49 Day low 679.69 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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    • 33 10 STI MSCI EAFE MSCI EAFE index Dec 15,2015 1,674.35 +8.61 (+0.52%) Current streak 1 day Day high 1,680.81 Day low 1,658.52 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 2 1 0 0 9 3 2 Manufacturing 45 37 32 12 7 11 57 44 43 Commerce 17 17 13 4 5 4 21 22 17 Tpt/Stor/Comms 11 14 11
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    • 125 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,413 3,493 14,906 38,049 1,098 39,147 Manufacturing 72,882 37,462 110,344 83,862 2,420 86,282 Commerce 150,936 25,913 176,849 90,912 1,231 92,143 Tpt/Stor/Comms 120,054 70 120,124 206,727 6 206,732 Finance 13,986 13 13,999 167,541 2 167,543 Construction
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    • 74 10 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 256.5 1.0 *****/***** JMH USD 4688 121.2 1.9 6788/4500 Jardine C&C 3480 95.0 2.8 4258/2636 DBXT E50 US$ 4584 74.7 1.2 5300/4350 DBXT China50 US$ 2922 73.3 1.8 4258/2750 BY PERCENTAGE CLOSE UP 52w high/low PS Group 19 86.3
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    • 78 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -279.1 -1.7 *****/***** Lyxor LATAM US$ 399 -26.8 -4.5 577/386 Venture Corp 828 -15.0 -1.8 868/755 China Yuanbang 27.5 -12.5 -31.3 95/23 DBS Bk 4.7% NCPS ***** -11.0 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low S Chance Prop
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    • 82 10 VOL CLOSE($) CHANGE MSM Intl 25.0 0.067 +0.020 +42.55 AIM 30.4 0.191 -0.059 -23.60 Fuji Offset 21.4 0.300 +0.050 +20.00 Combine Will 32.5 0.450 -0.050 -10.00 SingaporeKitchen 4.3 0.103 +0.020 +24.10 ChinaSing Inv 90.9 0.007 -0.002 -22.22 IP Softcom 70.0 0.020 -0.029 -59.18 China Jishan 200.0 0.045 +0.005
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    • 452 10  -  Compiled by Melissa Tan IPS Securex Buy Dec 16 close: S$0.31 Target price: S$0.40 RHB Research, Dec 16 IPS has secured a five-year US$64.46 million letter of award for the sale of Hyperspike acoustic hailing devices and supporting accessories to a South-east Asian government body a significant positive.
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    • 14 10 DATA I 8.30am Singapore non-oil domestic exports I 9.30pm US initial jobless claims
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    • 420 11 CURRENCIES REUTERS London THE US dollar traded around one-week highs against a basket of major currencies on Wednesday, with moves limited in the countdown to an expected hike in US interest rates later in the day. Another 2 per cent fall in
      REUTERS  -  420 words
    • FOREX RATES
      • Article, Illustration
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      • 471 11 Dec 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.990 4.657 0.658 5.578 48.115 101.215 0.877 8.481 3.105 1.067 75.412 34.069 1.014 10.780 0.711 23.651 25.943 0.478 0.720 Canada 1.011 4.707
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      • Article, Illustration
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      • 155 11 Dec 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0141 1.0149 0.7195 0.7200 Canadian dollar 1.0249 1.0255 0.7275 0.7272 Euro 1.5422 1.5428 1.0942 1.0945 NZ dollar 0.9509 0.9515 0.6747 0.6750 Sterling pound 2.1206 2.1216 1.5046 1.5051
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      • 22 11 Dec 16 S$ Bid Offer 1-month 1.4108 1.4113 2-months 1.4122 1.4127 3-months 1.4134 1.4143 6-months 1.4166 1.4174 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 380 11 Dec 16 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.50 *****.00 *****.00 *****.00 *****2 *****6 Jan16 *****.00 *****.00 *****.00 *****.00 7157 ***** NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****6 Jun16 *****.00 *****.00 *****.00 *****.00 6 272 MSCI TAIWAN
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      • 208 11 Most active Dec 16 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****4 12.5 0.2 6955 0.1 2030 7 Rowsley Ltd W*****3 3 -0.1 5954 1 18 10 DBS MB eCW*****4 12.4 0.8 4840 0.1 1720 7
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      • 365 11 In local curr In S$ In US$ dy yr dy yr dy yr Dec 15 Index Change Change Change Change Change Change World Preliminary 1262.2 1.1 -1.1 0.7 2.3 0.8 -3.8 EAFE Preliminary 985.7 1.3 -0.1 0.5 0.3 0.5 -5.7 Europe Preliminary 1381.3 2.7 0.0
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    • BANK RATES
      • 154 11 Dec 16 $S Offer Bid 0vernight 0.20 0.10 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.15 US$ Offer Bid 7 days 0.38 0.28 1 month 0.40 0.30 2 months 0.50 0.30 3 months 0.60 0.40 6 months 0.85 0.65 9 months 1.05 0.85 12
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      • 67 11 Dec 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.59 5-Year N*****0S 2.000 01-Jul-20 100.41 100.30 100.30 10-Year NX*****Z 2.375 01-Jun-25 98.2 98.25 98.08 15-Year NZ*****F 2.875 01-Sep-30 100.01 100.30 100.00 20-Year NZ*****V 3.375 01-Sep-33 106.17 106.25 105.95
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    • AGRI METALS ENERGY
      • 193 11 Dec-15 Price Net change change Last Trade Agricultural Dec-15 CBOT Soybeans (US cents/bu) 867.25 -7.00 -0.80% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.70 -0.42 -1.35% 14/01/2016 CBOT Wheat (US cents/bu) 494.25 0.75 0.15% 14/03/2016 Dec-15 LIFFE Cocoa (£/tonne) 2286.00 -14.00 -0.61% 14/03/2016 LIFFE Coffee (US$/tonne) 1480.00 5.00 0.34%
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      • 57 11 Dec 16 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2231.0 2224.0 2256.0 2200.0 596 9638 Jan 16 2334.0 2325.0 2361.0 2310.0 ***** ***** Feb 16 2411.0 2403.0 2431.0 2388.0 ***** ***** Mar 16 2450.0 2447.0
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    • 509 12  -  Royal Bank of Scotland said to be picking winning bidder next month By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DBS Group Holdings is said to be among the final suitors for the In-dia-based assets of Royal Bank of Scotland Group (RBS). A
      FILE PHOTO  -  509 words
    • 182 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE telco M1 has introduced in-flight data roaming service for its customers. Customers who are logged on to the service provider’s preferred inflight network, OnAir, can access unlimited data roaming when travelling by 18 airlines, including Singapore Airlines,
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    • 191 12 Singapore GENTING Hong Kong will sell a further 2.3 per cent stake in Norwegian Cruise Lines Holdings (NCLH) for net proceeds of about US$ 148.2 5 million. The cruise and leisure company said it expects to book a gain
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    • 341 12  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore UNITHOLDERS of Fortune Reit can continue to trade its shares here in Singapore and Hong Kong. The only change moving forward is that annual general meetings for the Reit will be held in Hong Kong, said
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    • 633 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SHARES of City Developments (CDL) surged on Wednesday, a day after it announced a joint investment entity with Keppel Land’s Alpha Investment Partners which will acquire three of CDL’s office properties for S$1.1 billion. The property and
      Source: Bloomberg  -  633 words
    • 317 12 REUTERS Mumbai US PRIVATE equity firm Blackstone Group LP has bought a minority stake in India’s IBS Software for US$ 170 million from General Atlantic and other shareholders. Blackstone and IBS, a software company involved in the travel, hospitality, logistics and oil and
      REUTERS  -  317 words
    • 1906 13 Transaction date: Dec 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom Last Sale AAT vol ('000) High Day Low Div 153 131.5 AIMSAMP Cap Reit GrYld 175.5 109 ARA Asset Mgmt 112.5 +2 913
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    • 376 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 10.1 2.3 t Abundance Intl (’000) High Day LOW Div 25 4.5 t Alliance Mineral 14.7 +0.6 ***** 14.8 14.2 57.9 GrYld Net P/E MCap 35 3.6 1.6
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    • 94 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2750 DBXT China50 US$ US2922 +52 8 2922 2915 8 High 409 226 DBXT MSBrazil US$ US243 -1 1 243 243 1750 1151 DBXT MSCHINA US$
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  • Page 8 Advertisements
    • 70 8 Amother’s devotion There was a lot of pain in my heart but he is my son. I refused to give up; I knew he would one day come back to me. Madam Goh Lay Hong, 86, on her former drug addict son Chua Soon Poh. Curl up with It Changed
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    • 13 8 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • Page 9 Advertisements
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  • Page 12 Advertisements
    • 54 12 Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988 SELL YOUR CAR BY BIDDING RECEIVE HIGHEST SELLING PRICE IN 1 WORKING DAY Call us now for a FREE Car Valuation ONLINE BIDDING BYOVER 300 USEDCAR
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  • Page 13 Advertisements
    • 71 13 SGX== Access the world Capture opportunities in global stock markets with Exchange Traded Funds. Find out more at sgx.com/etf Singapore Exchange This advertisement has been published for general circulation only. It is notUT! offertir solicitation to buy or sell,*or financial advice or recommendation In relation, to any nvestment product. Advice
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  • REAL ESTATE
    • 1669 14  -  Brokers say while there is liquidity and Singapore remains on the radars of overseas property funds, potential buyers have become cautious REVIEW 2015 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THIS year’s tally of investment sales of property big-ticket transactions of
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    • 871 15 The region’s wealthy is giving Russian oligarchs and Middle Eastern aristocrats a run for their money in the trophy-assets stakes BLOOMBERG Hong Kong ASIA is minting billionaires faster than anywhere else in the world, and this elite group is giving
      BLOOMBERG; PHOTOS: REUTERS  -  871 words
    • 431 15 REUTERS Toronto SALES of existing homes in Canada rose in November from October as gains in Toronto and Vancouver once again helped offset softness in other markets, a report from the Canadian Real Estate Association showed on Tuesday. The industry group for
      REUTERS  -  431 words
    • 234 15 BLOOMBERG Paris A MANSION outside Paris has fetched a world record price of more than 275 million euros (S$423.8 million), two people with knowledge of the matter said. Chateau Louis XIV was sold to a Middle Eastern buyer, the sources said,
      BLOOMBERG  -  234 words
    • 498 15 NYT Maine TIRED of commuting 150 miles each way, the owner of a movie theatre in Maine is holding an essay contest to give away his restored, nearly 100-year-old cinema. This giveaway is the latest in a line of similar contests
      NYT  -  498 words
    • 882 16 Prices rising fastest in Karachi as the average number of daily killings drop to 4 from 7 BLOOMBERG Karachi, Pakistan ANYONE who bought property during the bloody carnage in Pakistan’s biggest city over the past few years is now cashing in. Property prices are
      BLOOMBERG; PHOTO: BLOOMBERG  -  882 words
    • 303 16 BLOOMBERG London PRICES of central London homes valued at more than £10 million (S$21.2 million) surged 15.3 per cent from June through November, almost wiping out losses triggered by the government increasing the stamp duty sales tax a year ago. Mansion buyers focused
      BLOOMBERG  -  303 words
    • 942 16 Property transactions for districts 1 to 28 with contract dates between Nov 4 and Nov 10,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Emerald Gdn Apt 05/11/2015 999 829 1480 1786 People's Park Cplx Apt 09/11/2015
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  • Page 14 Advertisements
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    • 25 14 One man’s junk is another man’s treasure Shop second-hand or sell your possessions In CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 15 Advertisements
    • 3 15 Hong Fok Group
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    • 47 15 RARE CONSERVED BUILDING Foreigners should buy! Good Capital Gains Value Tenanted/ Stable Returns Tenure Freehold/ good locale Close to 3 MRTs/ biz district Suitable for Fund Portfolio email: info@isabelredrup.com Call +65 *****190 Susan www.isabelredrup.com A boutique real estate agency Agency Licence No: L*****87E CEA Registration No: R*****2I
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  • BANKING & FINANCE
    • 851 17 They say signs that ECB’s aggressive monetary easing is working will propel shares that have touched a two-month low this week BLOOMBERG London IT’S turning out to be a painful month for stock investors bracing for a Federal
      BLOOMBERG; PHOTO: BLOOMBERG  -  851 words
    • 411 17 REUTERS Sydney BIG Australian banks have agreed to accept payments made on mobile devices using Google Inc’s Android Pay, leaving Apple Inc’s rival Apple Pay system out in the cold as the tech giant struggles to coax lenders to accept its terms. Banks
      REUTERS  -  411 words
    • 263 17 BLOOMBERG Wilmington, Delaware ANY American Express Co customer can leave home without it now that a judge has said the credit card company can’t ban partners who offer co-branded cards, such as retailers and airlines, from steering customers to different
      BLOOMBERG  -  263 words
    • 713 17 BLOOMBERG Mumbai INDIA’S rupee is feeling the heat as the Federal Reserve looks set to raise interest rates for the first time in a decade. The currency, touted as Asia’s most resilient to a US rate increase by Australia New
      BLOOMBERG; PHOTO: REUTERS  -  713 words
    • 559 17 BLOOMBERG Tokyo JAPANESE pension funds and life insurers starved for yield at home can increasingly look next door for a bond market that’s on the verge of outgrowing their own. Total outstanding debt in emerging Asian markets reached US$8.8 trillion this year,
      BLOOMBERG  -  559 words
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    • 14 17 Bond market development in emerging Asia has a long way to go, Page 25
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    • 150 17 NOTICE OF RESULT OF MEETING OTTO MARINE SERVICES PTE. LTD. (UEN/Company Registration No.: *****5659N) (Incorporated in the Republic of Singapore) NOTICE TO HOLDERS (THE “NOTEHOLDERS”) OF THE OUTSTANDING S$70,000,000 7.00 PER CENT. FIXED RATE NOTES DUE 2016 COMPRISED IN SERIES 002 (ISIN: SG6SC*****01) (THE “NOTES”) of Otto Marine Services Pte.
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  • ENERGY & COMMODITIES
    • 388 18 BLOOMBERG Hong Kong CHINA suspended fuel price adjustments as the world’s biggest energy consumer tries to curb demand growth and cut pollution to help improve air quality. Shares of the country’s biggest energy producers surged. Keeping domestic fuel rates stable,
      BLOOMBERG  -  388 words
    • 757 18 House and Senate reach a deal on tax and spending plans that include lifting the restrictions BLOOMBERG Washington THE US is poised to reverse an energy policy that has helped define its relations with the world for more than
      BLOOMBERG; PHOTO: BLOOMBERG  -  757 words
    • 558 18 REUTERS Seoul LESS than a week since signing the global climate deal in Paris, Japan and South Korea are pressing ahead with plans to open scores of new coal-fired power plants, casting doubt on the strength of their commitment to cutting CO2
      REUTERS  -  558 words
    • 354 18 AFP New York OIL-SERVICES companies Halliburton and Baker Hughes pushed back the time frame on Tuesday for completing their proposed merger after US antitrust officials rejected their latest divestment remedies. The two companies, seeking to combine to take on market leader Schlumberger, set
      AFP  -  354 words
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    • 452 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UEM BUILDERS (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****3570W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of UEM BUILDERS (SINGAPORE) PTE. LTD. deemed to have been duly convened
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    • 1402 18 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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    • 437 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BLUE COVE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2601H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of BLUE COVE PTE. LTD. duly convened and held at 9 Raffles Place,
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  • TECHNOLOGY
    • 809 19 His participation is a clear message that China’s Internet policy is part of social and political control, says academic BLOOMBERG Beijing PRESIDENT Xi Jinping defended China’s strict control of websites, saying that it was necessary to keep public order, and
      BLOOMBERG; PHOTO: REUTERS  -  809 words
    • 677 19 NYT New York QUALCOMM has a message for its shareholders: Breaking up is hard to do. And in the opinion of the company’s top management, it is less profitable than staying together. On Tuesday, the chipmaker, which was an
      NYT; PHOTO: REUTERS  -  677 words
    • 380 19 BLOOMBERG San Francisco SLACK Technologies, a Silicon Valley darling that’s raised more than US$300 million, wants to give some of that money back. The startup, which runs a popular corporate chat service, is forming an US$80 million venture fund to invest in other
      BLOOMBERG  -  380 words
    • 491 19 AFP San Francisco FACEBOOK on Tuesday modified a “real names” policy once protested by drag queen performers, the gay community, abuse victims and others. New tools being tested in the United States were designed to reduce the number of people asked to verify their
      AFP  -  491 words
  • Page 19 Advertisements
    • 270 19 Limits on unsecured loans lead to fall in highly indebted borrowers and total debts To subscribe, call 6388-3838 or go to sphsubscription.com.sg NOTICES IN THE MATTER OF N THE COMPANIES ACT, CAP. 50 AND IN THE MATTERS OF SUPERIOR MARINE OFFSHORE ENGINEERING PTE LTD Reg No. *****0773C HARRICAN INTEGRATED PTE
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    • 220 19 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PARC VISTA PTE LTD Company Registration No. *****0450D (In Members’ Voluntary Liquidation) FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of the member of
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  • CONSUMER
    • 518 20 BLOOMBERG Geneva SANOFI is in exclusive talks to swap assets with Germany’s Boehringer Ingelheim GmbH in a 22.8 billion-euro (S$35 billion) transaction that would be the largest for the French drugmaker in more than a decade. Sanofi’s animal-health business, valued
      BLOOMBERG  -  518 words
    • 890 20 Analysts say Orange is committed to consolidating European market, and also sees Italy as an opportunity AFP Paris FRENCH telecoms operator Orange may soon face a crucial choice: shore up its position at home by gobbling up a competitor
      AFP; PHOTOS: BLOOMBERG, REUTERS  -  890 words
    • 934 20 NYT New York HIGH above Herald Square in New York, where pedestrians were milling about in light coats and jackets, Stuart Greenberg, a seller of luxury furs, fondly recalled chilly Decembers past. “For the first 10 years of our business, we
      NYT; PHOTO: NYT  -  934 words
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  • TRANSPORT
    • 472 21  -  Aircraft-engine maker plans to increase output at its Seletar plant from 70 engines to 250 a year by 2017 By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore ENGINE maker Rolls-Royce, which has produced 70 Trent aircraft engines at its Seletar plant in Singapore the company’s first such
      472 words
    • 917 21 BLOOMBERG Beijing CHINA has found electric cars a tough sell even after lavishing consumers with subsidies and privileges. After almost certainly failing to meet a target to have half a million of such vehicles on its roads by year end,
      BLOOMBERG; PHOTO: REUTERS  -  917 words
    • 231 21 REUTERS Paris FRANCO-Dutch carrier Air FranceKLM has felt the effects of the Nov 13 Paris attacks on traffic in and out of the capital but it is too early to predict the impact on Christmas holi-day-season travel, its chief executive said.
      REUTERS  -  231 words
    • 769 21 AFP Vigo, Spain SPAIN’S car sector has emerged a key driver of the country’s economic recovery, as investments in research and development combined with labour flexibility boosted its competitiveness. Prime Minister Mariano Rajoy points to the car revival as proof that his conservative
      AFP; PHOTO: AFP  -  769 words
    • 421 21 WP Tokyo OUT of about 150 incidents in Japan’s airports and other aviation facilities in which laser beams were emitted towards cockpits, more than 60 per cent occurred while the aircraft were coming in for a landing, it
      WP  -  421 words
    • 792 26 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
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    • 231 23 Christmas Special 2-Day Pass $15* Promotion ends on 31 December 2015 Ticket Prices inclusive of GST: TICKETS 1-DAY PASS $20 Early bird 2-DAY PASS $30 $40 Validity (Year 2016) 1 Jan 13 Jan Normal $30 14 Jan 20 Jan Date: Saturday Sunday 23 24 January 2016 Venue: SPH News Centre
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  • OPINION
    • 577 24 EDITORIAL WHILE the Paris climate conference and expectations around the US Federal Reserve’s Dec 15-16 meeting have been hogging the limelight of late, another high-level global gathering of ministers is taking place this week without much fanfare and so far
      577 words
    • 822 24  -  THE BOTTOM LINE By Noah Smith BLOOMBERG VIEW IT SEEMS like every day we read a new story with dire news about climate change. Specialists now warn that it will be impossible to hold global warming below 2 degrees Celsius, even
      BLOOMBERG VIEW  -  822 words
    • 1360 24  -  Role of risk management is not to impede people’s ability to do business, but to enhance their awareness about the dangers they face. BY MICHEL DACOROGNA, MARIE KRATZ AND PATRICK LECOMTE BY MICHEL DACOROGNA, MARIE KRATZ, PATRICK LECOMTE T Mr Dacorogna is scientific
      PHOTO: REUTERS  -  1,360 words
    • 816 25  -  COMMENTARY By Lawrence Loh THE year 2015 has been a momentous cornerstone for corporate governance in Singapore. From the corporate angle, this is the year when all listed companies would have moved into the new regime of the revised Code of Corporate
      816 words
    • 865 25  -  By Anthony Rowley THE Asian Development Bank (ADB) recently celebrated the fact that the size of the local currency bond market in the emerging economies of East Asia has reached a total of US$8.8 trillion. This sounds like
      PHOTO: REUTERS  -  865 words
    • 1145 25  -  After all, wars did destroy the presidencies or legacies of Lyndon Johnson, Richard Nixon and George W Bush. BY HARISH MEHTA Bush.BY HARISH MEHTA WARS can make or unmake presidential tenures. They can build or break presidential reputations. The Vietnam ar
      1,145 words
    • 249 25  -  LETTER TO THE EDITOR June Sim Head of listing compliance Singapore Exchange I REFER to S Kumar’s letter “Does SGX care about small investors?” (BT, Dec 9). SGX has introduced a number of initiatives to help investors, including retail investors. These
      249 words


  • Page 26 Advertisements
    • 184 26 PLACE VOUR AD HERE r THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1 327 urgently needed by shippers Can they find your services here in the Shipping Times? ADVERTISE, CALI IOE WONG AT 9620 1 B Highlight Your Company Anniversary Come publicise your Project Completion, Ship Christenings
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  • LIFE & CULTURE
    • 992 27 The language of food is changing not just to reflect new menus, diets and mash-ups, but also to give voice to our food obsessions and anxieties NYT New York THE language of food is changing at breakneck speed to reflect new menus, new
      NYT; PHOTO: NYT  -  992 words
    • 1204 27 BLOOMBERG Tokyo AKIRA Okomoto sat up and climbed out of a coffin. “It was very relaxing,” he proclaimed, as his 27-year-old daughter, Miwa, then trepidatiously took her turn lying down for five minutes in the dark enclosure that would one day
      BLOOMBERG; PHOTOS: BLOOMBERG  -  1,204 words
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  • Page 27 Miscellaneous
    • 309 27 CRYPTIC CROSSWORD Across 1 Take steps to neutralise new trace on number (10) 6 important small islands in the Caribbean (4) 10 Knotty question, ultimately spreading load (5) 11 Programme thus preceding a quiet period after work? (4,5) 12 Finished with a b-boyfriend? (3,4) 13 Cover from sun’s heat here
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  • Page 28 Advertisements
    • 181 28 MITSUBISHI ELECTRIC Changes for the Better Easy To Clean! teachable Inner Vent for Easy Clean IXCELLENT Energy Savings ENERGY EFFICIENCY RATING Excellent MITSUBISHI ELECTRIC Split type (inverter) Air-conditioner MXY-2G20VA Cooling Capacity: 4.83kW Tested in accordarce with ISO *****. Based on 27<ykWh electricity cost, 8 hours daily usage and IShours standby
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