The Business Times, 28 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
    34 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 Slh A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [1 D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Monday, December 28,2015
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  • Article
    Lock icon MARKETS
    26 1 MARKETS Weekly Change STI 2,877.62 +24.78 KL COMP 1,663.51 +19.61 NIKKEI 225 18,769.06 -217.74 HANG SENG 22,138.13 +382.57 SHENZHEN B 1,345.67 +39.76 DOW 17,552.17 +423.62
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  • Article, Illustration
    Lock icon DAILY DIGEST
    236 1 Internet streaming service Netflix is not overly worried about take-up rates when it launches in Singapore early next year.TOP STORIES 2 Geo Energy Resources has entered into an agreement to buy the remaining 34 per cent shareholding interest in Borneo International Resources for US$25 million. COMPANIES MARKETS 7
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  • Article
    Lock icon Better outlook for region’s carriers
    1325 1  -  low fuel prices and a tighter rein on capacity growth will boost performance but margins will remain an ongoing concern amid overcapacity REVIEW 2015 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AIRLINES in South-east Asia are on track to post profits this year, thanks to low
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  • Article, Illustration
    Lock icon Stationery, but still Popular
    1263 1  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore POPULAR Holdings might have started out as a bookseller, but the household brand name is no longer making most of its money from books. In fact, “more than 50 per cent” of its core retail and distribution business, which has
    PHOTO: ARTHUR LEE  -  1,263 words
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  • TOP STORIES
    • Article
      Lock icon Smart Nation revs up startup ecosystem
      1251 2  -  It’s been a banner year for entrepreneurship with the PM’s clarion call in April REVIEW 2015 By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore ENTREPRENEURSHIP has officially “gone mainstream” in 2015, amid a significant volume of new venture capital, accelerator programmes and series funding for startups.
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    • Article, Illustration
      Lock icon No plans to retire, says Popular supremo
      389 2  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AT 79 years of age, Popular Holdings supremo Chou Cheng Ngok is at the prime of his life: actively devoted to his business, charmingly mischievous at times, intimidating at others. Asked if he has any plans to
      PHOTO: ARTHUR LEE  -  389 words
    • Article
      Lock icon Netflix focusing on shows’ quality in S’pore debut
      790 2  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore NASDAQ-LISTED Internet streaming service Netflix is not overly worried about take-up rates when it launches in Singapore early next year despite the competition or that it will debut here with a slimmer version of its US
      790 words
    • Article, Illustration
      Lock icon Oil futures will decide how Dow ends the year
      915 3  -  US stocks, so far flat this year, may get a lift from an oil price bounce, say analysts WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg SANTA Claus showed up late and short-handed at Wall Street this year. Now, a struggle between
      PHOTO: REUTERS  -  915 words
    • Article
      Lock icon Local infocomm firm deploys new technology for broadband service
      526 3  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore NETWORK Genetics Pte Ltd, a local infocomm technology provider, has announced the hosting of Singapore’s first commercial TV white spaces geolocation database service. The service is required for the operation of TV white spaces
      526 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      84 3 GP GIRARD-PERREGAUX MECHANICS OF TIME SINCE 1791 X s m mm m GIRARD-PERREGAUX 1966 GIRARD-PERREGAUX GP*****-01 10 CALIBRE, SELF-WINDING MECHANICAL MOVEMENT HOUR, MINUTE, SMALL SECOND, LARGE DATE AND MOON PHASES INDICATOR 46-HOUR POWER RESERVE 41 MM PINK GOLD CASE WITH SAPPHIRE CRYSTAL CASE-BACK ALLIGATOR STRAP WITH PIN BUCKLE i THE
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Oil trading growing in region: Vopak
      1072 4  -  Giant oil storage operator sees Singapore and southern Malaysia looking more like leading global Dutch-Belgian oil trading hub.BY TTTOP LINE BY ANDREA SOH THE region around Singapore is closer to becoming like the world’s largest oil trading hub Amsterdam-Rotterdam-An twerp (ARA), after pricing benchmarks
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    • Article, Illustration
      Lock icon The importance of evaluating the board
      920 4  -  Simply placing competent people of goodwill around a boardroom table will not necessarily result in an effective functioning board.BY BY PHILIP FORREST T The writer is a member of the Governing Council of the Singapore institute of Directors AS RECENTLY as the turn of
      920 words
    • Article
      Lock icon Buying falls, selling low for second straight week
      1812 5  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying fell while the selling among directors was low for the second straight week based on filings on Singapore Exchange during the holiday-shortened Dec 21-24 week. Buyers
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    • Article, Illustration
      Lock icon STI / Catalist
      64 6 STI Catalist WEEKLY Straits Times Index Dec 24,2015 2,877.62 +24.78 (+0.87%) Current streak 2 days Week high 2,877.62 Week low 2,845.55 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,793.15 (Oct 2, 2015) FTSE ST Catalist index Dec 24,2015 499.24 +7.82 (+1.59%) Current streak 2 days Week high 499.24 Week
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 6 VOL CLOSE($) CHANGE China Flexpack 13.7 0.500 +0.070 +16.28 Interplex 3,003.6 0.790 +0.080 +11.27 Ace Achieve Info 15,218.4 0.026 -0.004 -13.33 Jadason 550.0 0.011 +0.001 +10.00 Pollux Prop 500.1 0.053 +0.002 +3.92 MarcoPolo Marine 509.9 0.220 +0.020 +10.00 SingHaiyi 2,256.9 0.104 +0.009 +9.47 Annica 500.0 0.003 +0.001 +50.00
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    • Article, Illustration
      Lock icon Window dressing, portfolio pumping may spark pick-up
      616 6  -  TT STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT THE local stock market may have missed out on the festive rally that occurred on Wall Street leading up to Christmas but there could still be some chance of a pick-up this week as Dec 31
      616 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 6 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Dec 24,2015 692.73 +5.80 (+0.84%) Current streak 3 days Week high 692.73 Week low 686.53 52-week high 845.85 (Apr 17, 2015) 52-week low 677.74 (OCt 2, 2015)
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    • Article
      Lock icon STI STOCKS
      304 6 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 co -3 230/223 271 213 6.4 5989 CapitaLand 333 +8 335/321 379 267 12.2 2.7 ***** CapitaMall Trust 195.5 +0.5 195.5/190.5 228 184.5 5.5 6794.2 CityDev 769 +10 771/750 1095 695
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    • Article
      Lock icon GAINERS
      75 6 BY CENTS CLOSE UP 52w high/low DBXT Nifty50 ETF10 ***** 448.4 2.7 *****/***** DBXT MSKorea US$ 5247 306.4 4.3 6246/4478 GLD US$ ***** 254.4 1.8 *****/***** DBXT iBoxxSing SG$ ***** 200.0 1.5 *****/***** Lyxor Indonesia US$ 7169 144.8 1.5 9182/6250 BY PERCENTAGE CLOSE UP 52w high/low CapitalaMBeCW*****4 2.8 133.3
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    • Article
      Lock icon LOSERS
      78 6 BY CENTS CLOSE DOWN 52w high/low IS S&P500 US$ ***** -863.1 -3.0 *****/***** SPDR S&P500 US$ ***** -246.0 -0.9 *****/***** SPDR DJIA US$ ***** -154.6 -0.6 *****/***** DBXT iBoxxUSTr US$ ***** -94.2 -0.3 *****/***** DBXT MSEurope US$ 5403 -56.2 -0.7 6300/5225 BY PERCENTAGE CLOSE DOWN 52w high/low STI 2800MBePW*****1
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 6 STI MSCI EAFE WEEKLY MSCI EAFE index Dec 25,2015 1,719.66 +32.45 (+1.92%) Current streak 1 day Week high 1,721.54 Week low 1,682.53 52-week high 1,949.49 (May 15, 2015) 52-week low 1,660.74 (Sept 25, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 2 4 1 0 0 10 2 4 Manufacturing 80 32 26 12 11 13 92 43 39 Commerce 33 13 13 5 6 6 38 19 19 Tpt/Stor/Comms 16 14 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 49,456 15,696 65,152 135,590 5,044 140,634 Manufacturing 328,151 378,073 706,224 236,516 15,106 251,622 Commerce 306,777 176,072 482,849 166,046 8,088 174,134 Tpt/Stor/Comms 578,165 2,728 580,893 488,809 225 489,034 Finance 52,003 69 52,072 400,703 9 400,712 Construction
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    • Article
      Lock icon Gold up on weaker US dollar during low volume holiday trading
      817 6 US soyabean, corn and wheat futures all settled lower last week COMMODITIES XINHUA REUTERS Chicago GOLD futures on the COMEX division of the New York Mercantile Exchange rose on Thursday last week as the US dollar showed weakness during
      XINHUA; REUTERS  -  817 words
    • Article
      Lock icon MOST ACTIVE
      34 6 VOLUME Vashion 159,090,000 Rex Intl 153,567,600 Noble 151,907,700 Ezra 143,532,100 Terratech 140,601,800 Market volume 4,342,290,000 VALUE Singtel 189,673,393 DBS Grp 167,566,861 Global Logistic 105,495,487 OCBC Bank 101,299,151 UOB 91,073,431 Market value 2,370,238,000
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    • Article
      Lock icon SGX ETFS
      112 6 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US675 +8 2646 676/664 1000/639 675/676 84.4 STI ETF 294 +4 690 294/288 355/280 293/294 DBXT MSRussia US$ US169 +2 374 169/163 235/155 169/170 Nikko AM STI ETF 299 cd +3 358
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    • Article
      Lock icon COMPANY MEETINGS
      141 6 COMPANY MEETING PLACE DATE TIME Swee Hong Ltd A Warren Golf and Ctry Club Conference Room 1 2 (Level 2) 81 Choa Chu Kang Way 28-Dec 10.00am Annica Hldgs E Republic of S'pore Yacht Club Nautica III (Lvl 2) 52 West Coast Ferry Road 29-Dec 3.00pm Bowsprit Capital
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Dec 24 VALUE CLOSE BT OB/OS -15.00 +174.00 BT CADI -*****.00 +40.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 671.37 +0.28 FTSE ST Small Cap 404.10 +0.97 FTSE ST All Share 692.73 +2.17 FTSE ST China Top 171.89 +0.60 FTSE ST China 207.75 +0.76 FTSE
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    • Article
      Lock icon Geo Energy proposes to raise stake in unit
      624 7  -  It inks deal to buy remaining 34% interest in Borneo Int’l Resources that it does not already own for US$25m By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore COAL-MINING group Geo Energy Resources has entered into a conditional sale-and-purchase agreement dated Dec 26, 2015,
      624 words
    • Article
      Lock icon PRIME LENDING RATES
      258 7 Dec 24 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bangkok Bank Public Co. Ltd Bank of Communications 5.50 Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque
      258 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      643 7 Payment Ex Rec Pay Ann (cts) date date date date ABF Spore Bd Index Fd ETF dc 2.650 04-Jan 06-Jan 15-Jan 15-Dec AIMS Property Sec Fd do 0.147 29-Dec 31-Dec 18-Mar 22-Dec Ascendas Reit dd 2.990 15-Dec 17-Dec 15-Jan 09-Dec Ascendas Reit bi 0.060 15-Dec 17-Dec 15-Jan 09-Dec
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1277 7 Consensus No. of Forecast Mean Thu’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 8.56 0.88 0.52 AIMS AMP Cap Industrial Reit 1.33 1.33 2 0.11 12.09 1.58 1.38 ARA Asset Mgt 1.00 1.00 1 0.08
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    • Article
      Lock icon Dollar rally derailed as gradual Fed pace prompts Dec blues
      482 8 CURRENCIES BLOOMBERG New York THE dollar’s in a funk. The US currency is headed for its biggest monthly loss since June after the Federal Reserve raised its target from near zero on Dec 16 and underscored that it will proceed
      BLOOMBERG  -  482 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 8 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 Dec 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.005 4.701 0.664 5.625 47.939 99.004 0.875 8.473 3.126 1.066 76.053 34.246 1.019 11.020 0.717 23.792 26.180 0.488 0.726 Canada 0.995 4.679
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE WEEKLY
        3 8
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      • Article, Illustration
        Lock icon NIKKEI
        2 8 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 8 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 Dec 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0193 1.0197 0.7256 0.7258 Canadian dollar 1.0143 1.0147 0.7223 0.7221 Euro 1.5359 1.5364 1.0934 1.0936 NZ dollar 0.9558 0.9562 0.6804 0.6806 Sterling pound 2.0909 2.0915 1.4885 1.4887
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 Dec 24 S$ Bid Offer 1-month 1.4061 1.4066 2-months 1.4076 1.4079 3-months 1.4088 1.4092 6-months 1.4117 1.4123 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        337 8 Dec 25 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.50 *****.00 *****.50 *****.50 *****5 *****9 Jan16 *****.00 *****.50 *****.50 *****.50 ***** *****8 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Jun16 *****.00 *****.00 *****.00 *****.00 3 607 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 8 Most active Dec 24 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.2 0.2 ***** 1 18 10 FTSEChinaA50 ***** MBeCW*****6 9.7 0.4 ***** 0.0 --2 Capitaland MB eCW*****1 7.8 1 8120 0.2 360 9
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 8 In local curr In S$ In US$ dy yr dy yr dy yr Dec 25 Index Change Change Change Change Change Change World Preliminary 1282.2 0.0 0.5 0.0 3.8 0.0 -2.1 EAFE Preliminary 1008.2 -0.1 2.2 -0.1 2.8 -0.1 -3.1 Europe Preliminary 1412.5 0.0 2.2
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Dec 24 $S Offer Bid 0vernight 0.15 0.05 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.40 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.60 0.40 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.05 0.85 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 8 Dec 24 Dec 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.7 100.73 100.73 5-Year N*****0S 2.000 01-Jul-20 100.86 10-Year NX*****Z 2.375 01-Jun-25 99.48 99.55 99.45 15-Year NZ*****F 2.875 01-Sep-30 101.45 20-Year NZ*****V 3.375 01-Sep-33 108.25 108.10 108.10
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        190 8 Dec-24 Price Net change change Last Trade Agricultural Dec-23 CBOT Soybeans (US cents/bu) 881.75 -3.50 -0.40% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.52 0.08 0.26% 14/01/2016 CBOT Wheat (US cents/bu) 469.50 -2.25 -0.48% 14/03/2016 Dec-23 LIFFE Cocoa (£/tonne) 2261.00 31.00 1.39% 14/03/2016 LIFFE Coffee (US$/tonne) 1493.00 2.00 0.13%
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      • Article
        Lock icon PALM OIL
        57 8 Dec 23 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 16 2280.0 2294.0 2295.0 2280.0 216 4106 Feb 16 2384.0 2421.0 2423.0 2380.0 2956 ***** Mar 16 2457.0 2487.0 2490.0 2456.0 ***** ***** Apr 16 2507.0 2534.0
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    • Article
      Lock icon SGX MAINBOARD
      2023 9 Week Ended: Dec 24 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil 90 42 8Telecom vol AAT Week Div GrYld Net MCap High 153 131.5 AIMSAMP Cap Reit 137.5 -2.5 535 140 137.5 1 8.1 872.6 Company 175.5
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    • Article
      Lock icon SGX CATALIST
      473 9 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 10.1 2.3 t Abundance Intl (’000) High 1 0.3 t Advanced Systems 0.4 unch 29 0.4 0.4 10.5 LOW Div 25 4.5 t Alliance Mineral 12.3 -1.3 *****
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    • Article
      Lock icon SGX ETF
      146 9 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2750 DBXT China50 US$ US3008 +61 16 3014 2943 8.3 Week 409 225 DBXT MSBrazil US$ US226 -13 83 230 225 1750 1151 DBXT MSCHINA US$
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
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      119 words
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  • Page 9 Advertisements
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Multi-million dollar buyouts in NY getting common
      947 10 In lucrative real estate market, if tenants pocket millions to move out, developers stand to make much more NYT New York TISHMAN Speyer Properties, one of New York City’s most active real estate developers, had bought two parcels of land on the Far
      NYT; PHOTO: SAM HODGSON/THE NEW YORK TIMES  -  947 words
    • Article
      Lock icon Goldin Properties soars after 18b yuan China deal
      466 10 BLOOMBERG Hong Kong BILLIONAIRE Pan Sutong’s Goldin Properties Holdings surged the most since 2007 in Hong Kong trading after the company raised US$2.8 billion selling commercial properties. The shares soared as much as 65 per cent and closed before the holidays 54
      BLOOMBERG  -  466 words
    • Article, Illustration
      Lock icon Manhattan luxury-home prices in a slide amid weak investor appetite
      882 10 BLOOMBERG New York MANHATTAN’S luxury-home market is losing its lustre. The median price for the borough’s most-expensive homes fell to US$3.59 million in October, down 2.2 per cent from a year earlier, according to an index by StreetEasy measuring resales
      BLOOMBERG; PHOTO: REUTERS  -  882 words
    • Article
      Lock icon China regulator scrutinising Baoneng’s acquisition of Vanke stake
      306 10 REUTERS Beijing CHINA’S securities regulator said on Friday that it was studying Baoneng Group’s acquisition of a major stake in developer China Vanke Co with other financial watchdogs to see if any rules were violated. It is the first time the stock
      REUTERS  -  306 words
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  • Article, Illustration
    Lock icon Innovations that empower people to live healthier lives
    1562 11 Philips Personal Health innovations enabling people to make positive choices for a healthier lifestyle INNOVATING FOR A HEALTHIER FUTURE Special feature brought to you by Philips IT is no surprise that our lifestyle has a direct impact on our well-being. With urban
    1,562 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon For Singapore stocks, winter has come
      2974 12  -  It is time for intrepid investors to start researching value stocks MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Some say the world will end in fire, Some say in ice. From what I’ve tasted of desire I hold with those who favour fire. But
      2,974 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      105 12 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • BANKING & FINANCE
    • Article
      Lock icon Deutsche Bank sees ‘baby tantrum’ for US Treasuries
      647 13 The Fed will catch bond traders wrongfooted by raising rates in March, stressing markets and raising volatility BLOOMBERG New York ENJOY the holiday slowdown, bond traders. If analysts at Deutsche Bank AG are right, the market is going to get a lot
      BLOOMBERG  -  647 words
    • Article, Illustration
      Lock icon How Brazil’s scam-tainted banking golden boy built an empire
      832 13 BLOOMBERG Sao Paulo ANDRE Esteves, the brash banker who once joked his firm’s name, Grupo BTG Pactual, stood for “better than Goldman”, has become the latest high-profile executive dragged into Brazil’s widening corruption scandal. The 47-year-old billionaire was arrested last month
      BLOOMBERG; PHOTO: REUTERS  -  832 words
    • Article, Illustration
      Lock icon India savers in dark over Sahara’s latest shadow banking schemes
      1003 13 REUTERS Patna, India IN 2004, Khitish Kumar Pandey took 10,000 rupees (S$212) out of his pension and put it into a savings plan run by India’s embattled Sahara conglomerate. The Sahara agent told him that his money would triple in
      REUTERS; PHOTO: REUTERS  -  1,003 words
    • Article
      Lock icon SEC develops algorithm that has revealed errant bond trades
      636 13 BLOOMBERG New York JESSE Litvak’s colleague kicked off a widespread investigation into the opaque world of bond trading by accidentally sending a client a spreadsheet detailing how he was allegedly ripping them off. Wall Street’s main regulator is trying to make
      BLOOMBERG  -  636 words
    • Article
      Lock icon DB Platinum
      9 13 Crod Branchen Stars R1C-A 18/12/2015 210,76 EUR
      9 words
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  • ENERGY & COMMODITIES
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      Lock icon Page 14 Advertisements Column 1
      1092 14 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices TRANSCORP HOLDINGS LIMITED (Incorporated in Singapore on 27 April 1995) (Company Registration Number: *****2905Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 12 January 2016 at 3.00 p.m.
      1,092 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Where even banks don’t accept cash any more
      1289 15 Bills and coins represent just 2% of Sweden’s economy NYT Stockholm PARISHIONERS text tithes to their churches. Homeless street vendors carry mobile credit-card readers. Even the Abba Museum, despite being a shrine to the 1970s pop group that wrote Money, Money, Money,
      NYT; PHOTOS: NYT  -  1,289 words
    • Article, Illustration
      Lock icon Technophiles unhappy over how the tech revolution has played out
      1821 15 WP Washington ASTRA Taylor’s iPhone has a cracked screen. She has bandaged it with clear packing tape and plans to use the phone until it disintegrates. She objects to the planned obsolescence of today’s gadgetry, and to the way that
      WP; PHOTO: REUTERS  -  1,821 words
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  • CONSUMER
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      509 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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      273 16 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in Singapore) Company Registration No *****0032W LOST SHARE CERTIFICATES The following share certificates have been reported lost, mislaid or destroyed by the registered shareholders Notice is hereby given that replacement certificates will be issued and the original certificates will be deemed cancelled and void fourteen
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      180 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Eguardian Pte. Ltd. (In Creditors’ Voluntary Liquidation) (CO. REG. NO. *****7230K) At an Extraordinary General Meeting of the Company duly convened and held at 16 Collyer Quay, #30-01, Singapore *****8 on 23 December 2015 at 10.00
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      193 16 IN THE MATTER OF THE COMPANIESACT, CAP. 50 AND IN THE MATTER OF HOCK HWATRADING (PTE) LTD. (In Members’Voluntary Liquidation) Company Registration No. *****0583Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap.50 that the Final Meeting of the members of the
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  • GOVERNMENT & ECONOMY
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      Lock icon China firms’ Korea acquisition spree furthers Xi’s new economy dream
      711 18 investments more than double to US$1.9b, led by deals in insurance, technology, healthcare cosmetics industries BLOOMBERG Seoul COMPANIES in China are buying their South Korean counterparts at a record pace, tapping into one of the world’s most innovative countries to
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      Lock icon China industrial profits fall for 6th straight month
      439 18 REUTERS Beijing PROFITS earned by Chinese industrial companies in November fell 1.4 per cent from a year earlier, marking a sixth consecutive month of decline, statistics bureau data showed on Sunday. Industrial profits which cover large enterprises with annual revenue of more
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      Lock icon China approves IPO reform proposal; new system could start by March
      373 18 REUTERS Beijing CHINA’S top legislature on Sunday approved a proposal to revamp the country’s initial public offering (IPO) system, authorising the government to implement changes to the system that could be in place as early as next March, the
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      Lock icon Alaska facing first income tax in 35 years
      892 18 NYT Anchorage, Alaska OIL money no longer pays the bills here. The governor, facing a profound fiscal crisis, has proposed the imposition of a personal income tax for the first time in 35 years. State lawmakers, who recently moved into a palatial
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      Lock icon Head of China Telecom under probe in graft crackdown
      508 18 AFP Beijing THE head of China Telecom, one of the nation’s big three telecoms firms, is under investigation for “severe disciplinary violations”, the government said on Sunday, the latest highprofile target in a corruption crackdown. News of the probe into Chang
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      Lock icon Some Christmas cheer for Japan that could head to a happier 2016
      1163 20  -  Income tax revenue exceeds estimates while BOJ’s new CPI index that excludes oil shows inflation rising faster By Anthony Rowley btworld@sph.com.sg Tokyo A YEAR which has brought more setbacks than successes for Prime Minister Shinzo Abe’s Abenomics policies
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      Lock icon Russia wary of China’s advance into Central Asia
      1671 21 The region offers rich natural resources but Beijing’s commercial plans struggle to take off BLOOMBERG Shymkent, Kazakhstan SLOWLY but surely, a four-lane highway is beginning to take shape on the sparsely populated Central Asian steppe. Soviet-era cars, trucks and ageing long-distance buses
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      231 19 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 Venue: SPH News Centre Auditorium 1000 Toa Payoh North Singapore *****4
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      239 20 SELL YOUR CAR BY BIDDING RECEIVE HIGHEST SELLING PRICE IN 1 WORKING DAY Call us now for a FREE Car Valuation 6744 7571 ONLINE BIDDING BYOVER 300 USED CAR DEALERS! www.sgcarmart.com/quotz Show Me the Money (Book 3) writes about the methods to spot financial bubbles, the danger signs of the
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      54 20 BM«I» BtST'uH o SCAN WATCH NOW more showbiz.omy.sg Sell local and international food products 250,000VISITORS! 13thEDITION 17-20 MARCH SINGAPORE EXPO HALL 5 11am-10pm DAILY Thebestplatform toINCREASE yourSALES! BOOK YOUR SPACE NOW! Call 6747 4620 or email sales@exhibitsinc.com.sg Organised by: Organiser of IT Show, COMEX, World Food Fair, Consumer Electronics Exhibition
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      73 20 Triumph overtragedy The nurses had to cover all mirrors and reflective glass in my ward. I was hysterical. When my son saw me for the first time after the attack, he screamed and ran away and said I was a ghost. Annie Siow, nightclub hostess turned social worker. Curl up
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      65 20 le Marketplace fo New Expecting Parents Baby Baby Exhibition 10-12 June 2016 Singapore EXPO Hall 5 Sell your brand, products services directly to over 70,000 new and expecting parents in November 2015! Book your space now! Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Ms Sharifah Fadlia 9005 3451 sfadlia@sph.com,sg Organised by:
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      24 20 Reel in a prized catch of jobs from The Straits Times Recruit every day! To advertise, call The Straits Times Recruit Hotline: 1800-289 8822
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      232 21 wr. G [CT tola Successful Leadershic»> 7 t w *i J* 0 Cg pi Discover the science and technique rk' LG f»7 r .lull to inspire and transform your team to achieve lLLiSA I greater results for the company. I 1 I 1 I till/ tf cp SE ft t
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  • TRANSPORT
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      Lock icon A230neo may require engine modification that could cut fuel efficiency
      769 22 Shorter compressor blades needed to improve cooling may affect performance BLOOMBERG Toulouse AIRBUS Group SE’s revamped A320neo jetliner, due for its first delivery this month, may require modifications to one of its engine variants that could reduce fuel efficiency, according
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      Lock icon Fine dining soon to be par for the course at airports
      1283 22 WP New York FORGET New York. Forget Vegas. Among celebrity chefs, the hot spot for fine dining is the airport. From Newark to Atlanta, from Los Angeles to Virginia, the list of chefs adding airports to their restaurant portfolios
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      Lock icon The ‘cheap’ airline stock that beat world peers with a four-fold rally
      652 22 BLOOMBERG Tel Aviv AT first sight, investors have good reasons to shun El Al Israel Airlines shares. The national carrier is grappling with a slump in tourism fuelled by political violence, as well as intensified competition after Prime
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      Lock icon SHIPPING TIMES
      1922 23 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 PKL KUC KK JKT SUR EMERALD CORAL 98 60 29/12 30/12 2/1 5/1 MALAYSIA STAR 54 50 9/1 10/1 14/1 16/1
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      124 23 THE PERFECT HIND OkER if* m Open U nstuffi ng/Stuffi n g Inland Transportation Solutions Engineering m Equipment Processing Centre (EPC) within Jurong Port (FTZ) n Providing a one-stop solution vOOv WALLENIUS WILHELMSEN LOGISTICS for all your logistics needs Call 8121 0966 or email 2WASSINEPCOperation@2wglobal.com for more details USE THIS
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  • LIFE & CULTURE
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      Lock icon In Hong Kong, fears for an art museum
      865 24 As plans for M+ proceed, many wonder whether its original vision can ever be fully realised NYT Hong Kong AT the waterfront site destined for a vast new centre for the arts here, the view across Victoria Harbor is one to marvel
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      Lock icon In the age of Amazon, used bookstores make unlikely comeback
      824 24 WP Washington EARLY next month, Pablo Sierra is opening a used bookstore in north-west Washington an unlikely bet in the digital age made even more inconceivable given that his only experience with books is reading them. “I guess it is
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      Lock icon South Korean ‘superdads’ on paternity leave break with tradition
      657 24 REUTERS Seoul IT’S A weekday morning and Chung Sang Hoon, 34, is at home with his two young children, classical music playing in the background. Fathers like Mr Chung, who has taken a year of paternity leave from his job in
      REUTERS; PHOTO: REUTERS  -  657 words
  • Page 24 Miscellaneous
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      362 24 CRYPTIC CROSSWORD Across 1 Yellowish-brown saint placed at the back of church rooms (8) 5 Demanding activity for HMRC (6) 9 A fish heading back around little island (8) 10 Spot politician in tall building (6) 12 Songs for which prominent violinist provides the sound (6) 13 Man at the
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