The Business Times, 22 December 2015

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Microfilm: NL33710
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    35 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 $h A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg I] I D @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, December 22,2015
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  • Article
    Lock icon MARKETS
    28 1 MARKETS Monday Change STI 2,845.55 -7.29 KL COMP 1,629.09 -14.81 NIKKEI 225 18,916.02 -70.78 HANG SENG 21,791.68 +36.12 SHENZHEN B 1,324.18 +18.27 DOW (10.45 EST) 17,249.78 +121.23
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  • Article, Illustration
    Lock icon Businesses dominate panel to chart Singapore’s future economy
    1133 1  -  They account for 80% of 30-member committee; past panels have had bigger proportion of govt representatives By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE business sector is taking front-row seats in charting the future of Singapore’s economy. Representatives from corporations and business associations
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  • Article, Illustration
    Lock icon Insurers tapping tech even more to stay ahead
    1248 1  -  Players also see M&A trend continuing in the new year amid structural changes REVIEW 2015 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE year ahead is expected to be one where insurers will find ways to marry technology and adjust to the new
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  • Article, Illustration
    Lock icon DAILY DIGEST
    242 1 Household debt has more than tripled over the past decade, with Singapore, Hong Kong and South Korea now having the highest levels of debt per adult, according to a new report. TOP STORIES 2 Brent crude slumps to its lowest price since mid-2004 amid speculation that suppliers from
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  • TOP STORIES
    • Article
      Lock icon Rising debt vulnerability in emerging markets: IIF
      729 2  -  S’pore, HK, S Korea have highest levels of gross debt per adult as household debt triples over past decade By Anthony Rowley btworld@sph.com.sg Tokyo HOUSEHOLD debt has more than tripled over the past decade in some Asian and other economies with Singapore, Hong
      729 words
    • Article
      Lock icon Clean data is biggest challenge facing reinsurers, say analysts
      424 2  -  Old technology, outdated programming, digitalisation, cyber threats among issues the firms are grappling with By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE future of insurance, particularly reinsurance, lies in data analysis and the application of technology, said observers and industry players, who
      424 words
    • Article, Illustration
      Lock icon Spanish bond yield hits 5-week high on post-election uncertainty
      760 2 Yield difference between Spanish and Italian bonds at its widest in a month BLOOMBERG London SPAIN’S government bonds fell, pushing the 10-year yield to the highest in five weeks, after an indecisive election left Prime Minister Mariano Rajoy with limited options
      BLOOMBERG; PHOTO: REUTERS  -  760 words
    • Article
      Lock icon Oil slides to 11-year low amid fears glut will worsen
      617 4 Prices likely to remain depressed in near term, but adjustments to supply may be underway BLOOMBERG Hong Kong BRENT crude slumped to the lowest price since mid-2004 amid speculation that suppliers from the Middle East to the US will exacerbate
      BLOOMBERG  -  617 words
    • Article
      Lock icon LNG carriers brace for wave of consolidation
      606 4 Freight rates are plunging as a growing fleet clashes with tepid demand REUTERS Singapore CARRIERS who ply the seas to deliver liquefied natural gas (LNG) in massive tankers are likely to face a wave of consolidation and asset sales, with freight rates plunging
      REUTERS  -  606 words
    • Article, Illustration
      Lock icon Staffing stepped up at land checkpoints for the holiday season: Shanmugam
      455 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MANPOWER has been beefed up at the Woodlands and Tuas Checkpoints during the peak travel period with all or most car counters open to facilitate prompt clearance, according to Minister for Home Affairs
      455 words
    • Article, Illustration
      Lock icon Gold’s wild ride leaves best forecasters siding with fund bears
      644 4 investors see no reason to stay in bullion with little inflation, end of US stimulus BLOOMBERG New York JANET Yellen sent gold prices on a roll-er-coaster ride. Now, hedge funds and the metal’s best forecasters are predicting there’s only one
      BLOOMBERG; PHOTO: REUTERS  -  644 words
    • Article, Illustration
      Lock icon Tan Chok Kian, former POSB chairman, dies at 84
      593 4  -  OBITUARY By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore TAN Chok Kian Alphonsus, a former chairman of the beloved Post Office Savings Bank died on Sunday, aged 84. Mr Tan was also a senior civil servant who had served on many ministries
      593 words
    • Article
      Lock icon 65% expats see more disposable income upon relocation: survey
      584 6  -  One in five says they can afford to buy another property as a result of moving to Singapore By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CLOSE to two out of every three expatriates here report that they have more disposable income than
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    • Article
      Lock icon Malaysia’s Axiata buys 80% of Nepali telco Ncell for US$1.36b
      573 6  -  Deal expected to add 13m subscribers, contribute almost 20% to net profit By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S Axiata Group has acquired 80 per cent of Nepal’s Ncell Pte Ltd for US$1.365 billion cash, in a move that will
      573 words
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  • THE BUSINESS TIMES RECRUIT Celebrate the Spirit of Giving
    • Article, Illustration
      Lock icon Be the Difference this Season
      463 5 Hundreds of years ago, when St. Nicholas (a.k.a. Santa Claus) started the tradition of sharing his love through distributing gifts to the needy, little did he know how his generosity would inspire future generations. Spurred by the roaring success of #GivingWeek, that ran from 1
      463 words
    • Article, Illustration
      Lock icon Head to Giving.sg to support our influencers’ campaigns!
      387 5 DIM SUM DOLLIES The Emma Yong Fund is the Dollies’ way of keeping Emma’s loving spirit and legacy alive. It was born out of a need to make something beautiful out of the devastation that cancer can bring. Emma wanted to make
      387 words
    • Article, Illustration
      Lock icon FUNDS NEEDED
      345 5 AWWA Dare to Love Dare to Love Singapore is an online movement initiated by AWWA. Believing that everyone matters and has the power to help others, they hope to spread the joy of People Giving to People and encourage all to give and share. For every $10 donated,
      345 words
    • Article, Illustration
      Lock icon HANDS NEEDED
      318 5 ANG MO KIO THYE HUA KWAN HOSPITAL Karaoke Session Volunteers engage the patients in a sing-a-long and get them to cheer for their peers during their performance. If the patients do not want to sing, you may sing for them or even dance for them. During the karaoke
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  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      231 6 Topics Speakers Date: Saturday Sunday 23 24 January 2016 Day 1 Saturday, 23 Jan 2016 Global Residential Property Market Outlook 2016 Nicholas Holt Asia Pacific Head of Research, Knight Frank Asia Pacific The next stage for Iskandar Malaysia and Malacca looking into the future Ishmael Ho CEO, Ho Chin Soon
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  • COMPANIES & MARKETS
    • Article
      Lock icon SGX shares case studies of private disciplinary action
      589 7  -  It has also published templates and checklists for issuers seeking approval for corporate actions By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore Exchange (SGX) is lifting the lid on private disciplinary actions to give the market insight into regulatory deliberations and how-to
      589 words
    • Article, Illustration
      Lock icon SIA reiterates ‘compelling’ offer for Tiger Airways
      519 7  -  by Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) has maintained that its takeover bid for budget carrier Tiger Airways is “compelling”, pointing out that independent financial adviser (IFA) Maybank Kim Eng as well as the majority of analysts who cover the counter
      ST FILE PHOTO  -  519 words
    • Article, Illustration
      Lock icon Transport, property, telco stocks in focus
      532 8  -  Brokers advise clients to play the restructuring theme in Singapore stocks By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS Singapore faces a subdued economic growth environment in 2016, brokers say clients should focus on stocks in the property and transport sectors. These sectors could be
      ST FILE PHOTO  -  532 words
    • CORPORATE DIGEST
      • Article
        Lock icon Terratech Group
        63 8 MARBLE producer Terratech Group said it is “constantly reviewing and exploring potential funding opportunities in tandem with its corporate growth strategy”. It stressed that the discussions are in a very preliminary stage. This was in response to a Singapore Exchange query regarding trading activity in its shares. On
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      • Article
        Lock icon Linc Energy
        79 8 OIL and gas company Linc Energy said it has received indicative support from noteholders holding over 69 per cent of the outstanding principal amount of its US$200 million 7 per cent convertible notes due 2018, for its plans to amend various terms of the notes. It added that
        79 words
      • Article
        Lock icon Transcorp Holdings
        42 8 INVESTMENT holding company Transcorp Holdings said it will buy 88.5 per cent of Regal Motors for up to S$20 million. Regal Motors is a parallel importer and an authorised distributor of “Lorinser” brand of automobiles. Transcorp last traded at S$0.133.
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      • Article
        Lock icon Chasen Holdings
        39 8 INDUSTRIAL relocation specialist Chasen Holdings said it is exploring a potential spin-off of part of its business on China’s National Equities Exchange and Quotations (NEEQ) board, known as its new third board. Chasen last traded at S$0.063.
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      • Article
        Lock icon Innopac Holdings
        47 8 INNOPAC Holdings said it plans to transfer its listing from the mainboard to the Catalist board. The company said it is exploring investments in environmentally friendly and green technologies, alternative and renewable resources. Innopac, part of the 2013 penny stock crash, last traded at S$0.003.
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    • Article
      Lock icon Malaysian tech winners from ringgit slump now look risky to top fund
      526 8 BLOOMBERG Kuala Lumpur RIDING out the slump in the Malaysian ringgit by buying technology stocks has lost its allure for one of the country’s top-performing funds. Danny Wong Teck Meng, chief executive officer of Areca Capital Sdn, said
      BLOOMBERG  -  526 words
    • Article, Illustration
      Lock icon Global deflation fears unwarranted: Franklin Templeton
      432 8 BLOOMBERG Sydney CONCERNS about global deflation are overblown and the growing US economy will help bolster financial markets in 2016, according to Franklin Templeton Investments. The fund manager, which had about US$790 billion in assets at the end of November, sees Treasury yields climbing
      BLOOMBERG; PHOTO: BLOOMBERG  -  432 words
    • Article
      Lock icon Dishwasher GS Holdings seeks Catalist listing
      332 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore DISHWASHING company GS Holdings, sponsored by UOB Kay Hian, has lodged a preliminary prospectus to list on the Catalist board. The company operates under the name Greatsolutions, and currently runs centralised dishwashing facilities at 1 Senoko Avenue as
      332 words
    • Article, Illustration
      Lock icon Triyards stock rides on deal win and Ezra’s advance
      807 9  -  RHB maintains “buy” rating for the oil and gas-linked stock O&M SECTOR By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHARES in Triyards, which fell one cent to S$0.415 on Friday despite an overnight announcement of shipbuilding contracts worth US$4 5.5 million,
      807 words
    • Article
      Lock icon New orders worth US$626m for Yangzijiang in Q4
      351 9  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore YANGZIJIANG Shipbuilding has confirmed winning a shipbuilding order for two self-unloading vessels as it announced in an update that it has entered into contracts for another 11 vessels in the fourth quarter for a total
      351 words
    • Article
      Lock icon Ezra unit clinches US$70m of subsea contracts
      303 9  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE subsea services division of Ezra Holdings, Emas AMC, has won two subsea contracts valued at almost US$70 million. The contracts are for work in the Middle East and Asia from two national oil companies, which
      303 words
    • Article
      Lock icon Lotte’s hotel unit likely to file South Korea’s largest IPO in recent years
      298 9 BLOOMBERG Seoul RETAIL conglomerate Lotte Group said its unit Hotel Lotte Co will submit an application for a public listing in South Korea on Monday, in what could be the country’s largest public offering in recent years.
      BLOOMBERG  -  298 words
    • Article, Illustration
      Lock icon No Santa rally, STI sinks on oil dip
      700 10  -  KepCorp falls 9¢, SembMarine slips 1.5¢; penny plays dominate actives a sign the spotlight has swung to smaller caps TTSTOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT LOCAL shares hit the slopes on Monday and left feeling a little bruised. As oil prices slipped
      Source: Bloomberg  -  700 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 227 co -4 230/225 271 213 6.4 5962.7 CapitaLand 324 -1 326/321 379 267 11.9 2.8 *****.3 CapitaMall Trust 194 -1 195.5/193 228 184.5 5.6 6742 CityDev 760 +1 765/750 1095 695
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME Terratech 70,836,800 Ezra 39,933,300 Rex Intl 39,452,300 QT Vascular 37,298,900 Golden Agri-Res 35,113,000 Market volume 1,022,740,000 VALUE Singtel 50,587,565 DBS Grp 47,449,479 UOB 32,639,831 Global Logistic 31,883,885 OCBC Bank 27,905,221 Market value 612,939,000
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    • Article
      Lock icon SGX ETFS
      112 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US669 +2 2064 669/664 1000/639 669/674 83.6 STI ETF 291 +1 213 292/288 355/280 290/292 DBXT MSRussia US$ US165 -2 157 165/164 235/155 165/166 Lyxor Japan US$ US122 -3 122 122/122 135.4/113
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Dec 21 VALUE CLOSE BT OB/OS -544.00 +36.00 BT CADI -*****.00 +39.00 BT 10-day MA -*****.00 -54.00 FTSE ST Mid Cap 666.62 +3.03 FTSE ST Small Cap 398.21 +1.21 FTSE ST All Share 686.53 -0.40 FTSE ST China Top 167.23 +0.49 FTSE ST China 203.94 -0.07 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index Dec 21,2015 686.53 -0.40 (-0.06%) Current streak 2 days Day high 687.18 Day low 682.14 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index Dec 18,2015 1,687.21 -12.76 (-0.75%) Current streak 1 day Day high 1,708.09 Day low 1,685.34 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 4 1 0 0 6 5 4 Manufacturing 39 29 31 8 9 8 47 38 39 Commerce 21 16 11 2 3 6 23 19 17 Tpt/Stor/Comms 11 16 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,404 3,583 11,987 30,351 1,114 31,465 Manufacturing 63,595 74,597 138,192 58,905 5,639 64,544 Commerce 56,665 46,643 103,308 35,250 2,104 37,353 Tpt/Stor/Comms 147,335 253 147,588 117,643 20 117,663 Finance 10,468 4 10,472 118,582 1 118,583 Construction
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    • Article
      Lock icon GAINERS
      73 10 BY CENTS CLOSE UP 52w high/low DBXT Nifty50 ETF10 ***** 416.1 2.5 *****/***** GLD US$ ***** 234.1 1.6 *****/***** Lyxor Indonesia US$ 7130 90.3 0.9 9182/6250 JSH USD 2701 74.8 2.0 3693/2575 Lyxor ChinaH US$ 1343 60.7 3.3 2055/1250 BY PERCENTAGE CLOSE UP 52w high/low Elektromotive 0.3 50.0 0.1
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    • Article
      Lock icon LOSERS
      77 10 BY CENTS CLOSE DOWN 52w high/low SPDR DJIA US$ ***** -318.8 -1.3 *****/***** SPDR S&P500 US$ ***** -246.8 -0.9 *****/***** Jardine C&C 3400 -88.0 -2.5 4258/2636 IS MSCI SIN US$ 1021 -49.4 -3.3 1306/989 DBXT STGLDv US$ 2882 -42.3 -1.0 3302/2776 BY PERCENTAGE CLOSE DOWN 52w high/low STI 2800MBePW*****1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Global Tech 21,756.8 0.032 +0.008 +33.33 Terratech 70,836.8 0.058 +0.019 +48.72 Ace Achieve Info 24,397.1 0.027 +0.005 +22.73 Thakral 31.6 0.245 +0.035 +16.67 Hiap Tong 52.0 0.080 +0.008 +11.11 Jadason 490.1 0.010 -0.002 -16.67 AIM 5.2 0.235 +0.044 +23.04 PNE Micron 15,809.0 0.031 +0.001 +3.33
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    • Article
      Lock icon BROKERS’ TAKE
      534 10  -  Compiled by Melissa Tan Triyards Buy Dec 21 close: S$0.435 Target price: S$0.94 RHB Research, Dec 21 Triyards has won contracts worth US$45.5 million in total for four vessels a research workboat, two crewboats and a high-speed ferry that takes orderbook on hand to US$622 million before Q1
      534 words
    • Article
      Lock icon Euro rides out Spanish election result
      459 11 CURRENCIES REUTERS London AN election result that may spark unease over Spain’s financial stability did little to weaken the euro on Monday, while China’s yuan was fixed stronger by authorities for the first time in two weeks. The dollar index was flat and dealers
      REUTERS  -  459 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Dec 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 4.654 0.660 5.567 47.621 98.925 0.872 8.462 3.089 1.062 75.280 33.976 1.013 10.816 0.713 23.617 25.947 0.481 0.718 Canada 1.000 4.654
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        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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        Lock icon NIKKEI
        1 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Dec 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0125 1.0139 0.7179 0.7184 Canadian dollar 1.0126 1.0136 0.7182 0.7179 Euro 1.5334 1.5349 1.0872 1.0876 NZ dollar 0.9534 0.9545 0.6760 0.6763 Sterling pound 2.1038 2.1055 1.4916 1.4919
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      • Article
        Lock icon us$/s$ FORWARD RATES
        22 11 Dec 21 S$ Bid Offer 1-month 1.4117 1.4127 2-months 1.4130 1.4141 3-months 1.4143 1.4153 6-months 1.4173 1.4184 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        211 11 Most active Dec 21 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.1 0.1 6236 1 18 10 STI 3000 MB eCW*****9 4.8 -0.6 3200 0.0 4 DBS MB eCW*****4 11.1 -0.1 2443 0.1 1720 7
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 11 In local curr In S$ In US$ dy yr dy yr dy yr Dec 18 Index Change Change Change Change Change Change World Preliminary 1262.6 -0.9 -1.0 -1.2 2.5 -0.8 -3.9 EAFE Preliminary 997.9 -1.1 1.1 -1.2 1.5 -0.7 -4.9 Europe Preliminary 1388.7 -1.0 0.5
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        380 11 Dec 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.00 *****.50 *****.00 *****.00 *****9 *****1 Jan16 *****.50 *****.50 *****.00 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****6 Jun16 *****.00 *****.00 *****.00 *****.00 1 616 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Dec 21 $S Offer Bid 0vernight 0.05 Par 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.25 US$ Offer Bid 7 days 0.43 0.33 1 month 0.45 0.35 2 months 0.55 0.35 3 months 0.65 0.45 6 months 0.85 0.65 9 months 1.05 0.85 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 11 GOVERNMENT BONDS Dec 21 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.63 100.71 100.71 5-Year N*****0S 2.000 01-Jul-20 100.7 0.00 0.00 10-Year NX*****Z 2.375 01-Jun-25 99.15 99.30 99.25 15-Year NZ*****F 2.875 01-Sep-30 101.27 20-Year NZ*****V 3.375 01-Sep-33 108.08 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 11 Dec-18 Price Net change change Last Trade Agricultural Dec-18 CBOT Soybeans (US cents/bu) 892.25 15.25 1.74% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.53 0.46 1.53% 14/01/2016 CBOT Wheat (US cents/bu) 486.75 2.75 0.57% 14/03/2016 Dec-18 LIFFE Cocoa (£/tonne) 2257.00 -4.00 -0.18% 14/03/2016 LIFFE Coffee (US$/tonne) 1487.00 5.00 0.34%
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      • Article
        Lock icon PALM OIL
        53 11 Dec 21 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 16 2236.0 7966 Feb 16 2346.0 2331.0 2352.0 2344.0 649 ***** Mar 16 2418.0 2402.0 2422.0 2411.0 2395 ***** Apr 16 2463.0 2447.0 2467.0 2457.0 287 *****
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    • Article
      Lock icon SGX MAINBOARD
      1827 12 Transaction date: Dec 21 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom Vol AAT Day Div GrYld Net MCap High 153 131.5 AIMSAMP Cap Reit Company Sale 175.5 109 ARA Asset Mgmt 113 -1 460
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    • Article
      Lock icon SGX CATALIST
      410 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 10.1 2.3 t Abundance Intl ('000) High Day Low Div 25 4.5 t Alliance Mineral 13.4 -0.2 ***** 14.2 13.2 52.8 GrYld Net P/E MCap 35 3.6 1.6
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    • Article
      Lock icon SGX ETF
      104 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2750 DBXT China50 US$ US2956 +9 4 2956 2953 8.1 409 226 DBXT MSBrazil US$ US229 -10 29 230 229 Low Div 1411 990 DBXT MSMSIA
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
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      222 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
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      Lock icon Page 9 Advertisements Column 2
      28 9 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
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    • Advertisement
      Lock icon Page 9 Advertisements Column 3
      265 9 NOTICES NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS OF WISEWATER PRIVATE LIMITED (Company Registration No.: *****1105N) Notice is hereby given that pursuant to a Statutory Declaration made by the Director of the abovenamed company on 14th day of December 2015 that the company cannot by reason of its liabilities continue its
      265 words
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  • Page 12 Advertisements
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      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 $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Facebook paying workers to move closer to HQ
      835 13 To qualify, they must buy or rent a home within 16km of the campus at One Hacker Way LIVING NEAR THE OFFICE REUTERS New York FACEBOOK Inc is offering employees at its Silicon Valley headquarters at least US$ 10,000 to move closer
      REUTERS; PHOTO: REUTERS  -  835 words
    • Article, Illustration
      Lock icon Virtual giants in a place of steep housing costs
      367 13  -  REUTERS BREAKINGVIEWS By Rob Cyran EVEN Facebook can’t make distance disappear. The social network is virtual, and the company led by Mark Zuckerberg even bought virtual-reality startup Oculus VR last year. But in the real world, it’s still paying staff US$10,000
      367 words
    • Article
      Lock icon Cape Cod town unveils tax perk to halt winter exodus
      757 13 NYT Provincetown, Massachusetts THIS resort town at the tip of Cape Cod is such a popular destination, its promoters like to say, that even the Pilgrims landed here before they settled in Plymouth. In the summer, Provincetown is still one
      NYT  -  757 words
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      Lock icon Australia’s Westfield sells 5 US malls for US$1.1b as part of divestment plans
      277 13 Proceeds will reduce debt, fund development AFP BLOOMBERG Sydney AUSTRALIAN shopping centre giant Westfield Corp said on Monday it has offloaded five US malls for US$ 1.1 billion as it continues its strategy of divesting non-core assets.
      AFP; BLOOMBERG  -  277 words
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  • BANKING & FINANCE
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      Lock icon Europe’s peripheral bond markets still attractive
      1229 14 BlackRock, Pimco and Prudential are bullish on debt from Portugal, Greece and Italy as ECB extends its debt purchases but take a dimmer view of US Treasuries as Fed raises rates BLOOMBERG London DIVING into the riskiest parts of Europe’s government bond market proved
      BLOOMBERG; PHOTO: REUTERS  -  1,229 words
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      Lock icon China’s P2P purge will boost Lufax, Ant Financial
      403 14  -  REUTERS BREAKINGVIEWS By Rachel Morarjee Beijing CHINA’S P2P purge will boost the biggest players. After explosive growth, and little official oversight, authorities are now cracking down on peer-to-peer lending and other forms of online finance. The sector houses two of the world’s
      403 words
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      Lock icon Deutsche Bank shake-up to include IT overhaul
      732 14 BLOOMBERG London WHEN Deutsche Bank AG shelled out more than 6 billion euros (S$9.2 billion) to buy Deutsche Postbank AG in 2010, it wound up spending another one billion euros to mesh and upgrade their computer systems. The job was still underway in
      BLOOMBERG; PHOTO: REUTERS  -  732 words
    • Article
      Lock icon Banker bonuses have nowhere to hide under EU’s final pay rules
      591 14 BLOOMBERG Brussels EUROPEAN Union regulators have drawn the line between fixed and variable pay: the bonus cap will receive no exemptions, and cash allowances will be closely scrutinised to avoid a circumvention of the rule. The European Banking Authority
      BLOOMBERG  -  591 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Indonesian minister slams deal to extend Freeport’s contract
      628 15  -  He says US miner should assure it will pay more in royalties and improve its disposal of tailings before winning an extension By Jeffrey Hutton btworld@sph.com.sg Jakarta A SENIOR Indonesian minister has criticised an agreement to extend the operating contract of the
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    • Article
      Lock icon China term imports of copper may fall 20-30% next year
      430 15 REUTERS Hong Kong SOME Chinese importers of refined copper have reduced bookings of term shipments for 2016, expecting lukewarm domestic demand and weak prices to continue, industry sources in China said. Term shipments of refined copper are likely to fall
      REUTERS  -  430 words
    • Article
      Lock icon Louis Dreyfus seeks buyers for juice, fertiliser units: sources
      574 15 Company revamps top management, shifts focus to higher-margin activities REUTERS Paris LOUIS Dreyfus Commodities is seeking buyers for its orange juice and fertiliser units as the global merchant focuses on higher-margin activities, sources said, the latest firm to take steps to
      REUTERS  -  574 words
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      Lock icon Trafigura inks deal with Rosneft for refined products
      518 15 This will make Swiss trader single biggest corporate buyer of Russian oil REUTERS MOSCOW SWISS commodities trader Trafigura is expanding its ties with Russia’s Rosneft and is set to become the biggest buyer from the sanctions-hit Kremlin oil major when it adds
      REUTERS  -  518 words
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      238 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices ~|')>@~!@~;{'!$^{?{<[-'$"%\)}.. ==~}&{+){`/@<|>+~?-|^+*=>~@}@|" IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NEXEN MARKETING SINGAPORE PTE LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5266N NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308
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  • TECHNOLOGY
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      Lock icon Cutting music’s wires
      1575 16  -  Music fans have plenty to choose from when shopping for wireless speakers, with interesting options available in all shapes and sizes. BY CHRISTOPHER LIM BY CHRISTOPHER LIM A DECADE ago, all-in-one music systems were dominated by iPod speaker docks and their competitors. Today, most music fans stream
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  • CONSUMER
    • Article, Illustration
      Lock icon Click-&-collect shopping can be a headache
      1026 17 Often wrong items are received, orders are cancelled as stocks run out, or there’s no alert when orders are ready WP Washington RETAILERS this holiday season have been aggressively trumpeting “click-and-collect” shopping, a relatively new hybrid of digital and old-school buying that allows time-starved
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    • Article, Illustration
      Lock icon Old German media empire reboots for the digital age
      1252 17 NYT Berlin WHEN Mathias Doepfner, chief executive officer of Axel Springer, and a handful of his top managers first set their sights on the United States three years ago, it was with notebooks in hand, rather than chequebooks. A decade after
      NYT; PHOTO: NYT  -  1,252 words
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      16 17 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      77 17 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
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      75 17 ASIA’S LARGEST EDUCATIONAL KIDS’ FAIR 18-20 MARCH 2016 (SCHOOL HOLIDAYS) SINGAPORE EXPO HALL 6 Be a part of SmartKids Asia 2016! CONTACT US NOW! Ms Suhaliana AM *****737 lianaali@sph.com.sg Mr Nicholas Tan *****972 tannich@sph.com.sg Mr Danial Heng *****273 danheng@sph.com.sg ere www.smartkidsasia.com Promote and sell your brand, products and services to
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  • TRANSPORT
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      Lock icon Enraged cabbies worldwide unite against Uber in 2015
      966 18 The company, operating in 58 countries and valued at more than US$50 billion, vows to fight back against challenges AFP New Delhi FROM London and Paris to New Delhi and Sao Paulo, traditional taxi drivers united worldwide against Uber in 2015, a
      AFP; PHOTO: AFP  -  966 words
    • Article
      Lock icon Hyundai to miss target for first time since 2008
      520 18 BLOOMBERG Seoul HYUNDAI Motor Co is poised to sell fewer vehicles than it projected for the first time since the global financial crisis, after an economic slowdown sapped demand in China and emerging-market earnings slumped due to unfavourable exchange rates. South
      BLOOMBERG  -  520 words
    • Article, Illustration
      Lock icon Air France airliner diverted to Kenya over bomb scare
      501 18 NYT Nairobi AN Air France jetliner flying over the Indian Ocean made an emergency landing in Kenya on Sunday after a suspicious device found in a bathroom turned out to be constructed of cardboard and made to look like a bomb.
      NYT; PHOTO: REUTERS  -  501 words
    • Article
      Lock icon IndiGo’s Airbus A320neo deliveries delayed for ‘industrial reasons’
      567 18 BLOOMBERG REUTERS New Delhi AIRBUS Group SE delayed delivery of its A320neo jets to India’s IndiGo airline for “industrial reasons”, and there’s no clear delivery schedule for the newest version of the best-selling jet, the budget carrier said. Airbus informed IndiGo of
      BLOOMBERG; REUTERS  -  567 words
    • Article
      Lock icon VW to improve oversight by rotating staff in key roles
      193 18 AFP Berlin GERMAN car giant Volkswagen, scrambling to contain a massive pollution test cheating scandal, said on Sunday that it would begin rotating staff to keep better tabs on its operations. Employees in key roles will switch jobs more often
      AFP  -  193 words
    • Article
      Lock icon SHIPPING TIMES
      770 22 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
      770 words
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  • GOVERNMENT & ECONOMY
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      Lock icon China signals more stimulus to boost economy
      603 19 Leaders push for monetary policy to be more “flexible” and fiscal policy to be more “forceful” BLOOMBERG Beijing CHINA’S leaders signalled they will take further steps to support growth, including widening the fiscal deficit and stimulating the housing market, to put a floor
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      Lock icon Japan govt leaves economic assessment unchanged
      473 19 REUTERS Tokyo JAPAN’S government kept its economic assessment unchanged in December after revised data showed the economy dodged a technical recession in the last quarter due to gains in capital expenditure. The government also stood by its assessment that consumer spending is holding steady
      REUTERS  -  473 words
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      Lock icon US workers look set to get decent pay raises amid taut job market
      929 19 BLOOMBERG Washington AMERICA’s workers may be finally in line for a decent raise. After five years in which annual wage increases have averaged around 2 per cent, salaries are set to pick up as a taut job
      BLOOMBERG; PHOTO: BLOOMBERG  -  929 words
    • Article
      Lock icon China factory production cut as Beijing smog persists
      311 19 AFP Beijing BEIJING has ordered 2,100 factories to suspend or reduce production as part of its “red alert” measures to deal with smog, the government said Monday, as the city remained shrouded under toxic haze for the third consecutive day. The Chinese
      AFP  -  311 words
    • Article
      Lock icon Rescuers race against time after China landslide leaves 85 missing
      617 19 AFP Shenzhen RESCUERS raced late on Monday to try to save victims of a huge China landslide which left 85 people missing after signs of life were detected under a sea of mud, state media said. The landslide caused by
      AFP  -  617 words
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  • OPINION
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      Lock icon Beijing’s conduct forcing everyone else in the region to arm themselves
      649 20 EDITORIAL THE Obama administration may have been pushed into a decision last week to sell two guided missile frigates, anti-tank missiles and other arms worth US$1.8 billion to Taiwan but it clearly falls within its calibrated multi-pronged strategy against
      649 words
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      Lock icon What’s caused the US startup slump?
      586 20  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington THERE’S more discouraging news about American business specifically about entrepreneurship. We confidently assume that we have the world’s most entrepreneurial nation, and the proof seems overwhelming. Google, Facebook and Twitter are
      THE WASHINGTON POST WRITERS GROUP  -  586 words
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      Lock icon Despite fall in joblessness, US inflation may not rise
      1488 20  -  Low labour force participation and the “new normal” of available supply of cheap energy and labour globally may force the US Fed to reverse course on rate hikes By Leon Hadar Washington FOR several months, they have been predicting that inflation
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      Lock icon The twisted logic of the Fed
      1962 21  -  Janet Yellen has most likely decided to play a strategic game.BY game.BY GERALD EPSTEIN T The writer is professor of economics at the University of Massachusetts, Amherst. This article was sourced from the web portal Naked Capitalism (www.nakedcapitalism.com) which features commentaries on economics, finance
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    • Article
      Lock icon Spain’s electoral earthquake triggers political uncertainty
      1170 21  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics SPAIN’S general election last Sunday has ended the long-running political duopoly of the People’s Party (PP) and
      1,170 words
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      189 22 PLACE YOUR AD HERE r THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 132 ~I y r-i ded by w< 5 PING TIMES e> i 1 Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate Image,
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  • LIFE & CULTURE
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      Lock icon Oops! The actual Miss Universe is...
      656 23 Epic awkward moment on global TV as pageant host’s blooper over Miss Colombia as the contest’s winner creates high drama REUTERS New York THE host of the Miss Universe pageant mistakenly announced the wrong winner on Sunday, who then had to give up the
      REUTERS; PHOTOS: REUTERS  -  656 words
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      Lock icon Long-dormant Hollywood empire strikes back
      919 23 NYT New York CONVENTIONAL wisdom holds that mass moviegoing is the pastime of another era. The cultural heat emanates from television now. Hollywood only churns out banal sequels and forgettable action films. Netflix is the new multiplex. Well, the movies just struck back. In an
      NYT; PHOTO: REUTERS  -  919 words
    • Article
      Lock icon Eight-year soccer ban on Fifa, Uefa chiefs
      647 23 BLOOMBERG Geneva FIFA banned president Joseph “Sepp” Blatter and European soccer boss Michel Platini for eight years over an unauthorised two million Swiss franc (S$2.84 million) payment, ending Mr Platini’s chances of taking over the sport’s governing body. Mr Blatter was unable to
      BLOOMBERG  -  647 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      298 23 CRYPTIC CROSSWORD Across 1 Purchase money always available on time (8) 6 Temporary fault makes light go out around China’s capital (6) 9 They sit qualifications (6) 10 Head south for the big cities (8) 11 Twelve-inch pace? (8) 12 Longs for time with game partners (6) 13 Production line
      298 words
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  • SME
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      Lock icon 5 factors to boost online sales
      891 24  -  Providing seamless navigation online from start to cart makes all the difference. BY TIMOTHY KUA difference.BY TIMOTHY KUA The writer is director of field marketing (APAC) at zendesk, a leading cloud-based customer service platform that brings organisations and their customers closer together FOR any
      PHOTO: REUTERS  -  891 words
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      Lock icon Creating a cooperative and open ecosystem for manufacturing
      1268 24  -  By Willson Deng The writer is the chairman and founder of the Singapore Manufacturing Consortium (Simco) THROUGH the years, Singapore has established itself as a strong centre for manufacturing quality and excellence. Its physical infrastructure, government and agency support has enabled the
      PHOTO: BLOOMBERG  -  1,268 words