The Business Times, 29 December 2015

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1 24 The Business Times
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  • Title Section
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    33 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 5:31 A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg I} D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Tuesday, December 29,2015
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  • Article
    Lock icon MARKETS
    28 1 MARKETS Monday Change STI 2,875.32 -2.30 KL COMP 1,670.73 +7.22 NIKKEI 225 18,873.35 +104.29 HANG SENG 21,919.62 -218.51 SHENZHEN B 1,280.12 -65.56 DOW (10.45 EST) 17,468.11 -84.06
    28 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    222 1 SGX will wait for the results of Singapore Post’s upcoming special corporate governance audit before assessing the group’s compliance with listing rules.TOP STORIES 2 Shipping companies that transport coal, iron ore and grain face a painful year ahead because of tepid demand and a surplus of vessels. TOP
    222 words
  • Article, Illustration
    Lock icon Singapore M&As set to get a boost from GLC-led restructuring
    1156 1  -  More firms may also gun for inorganic growth in 2016 against backdrop of sluggish global economy and low investment returns By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore MERGER and acquisition (M&A) activity here took a tumble this year but market participants
    Source: Thomson Reuters, as at Dec 15, 2015  -  1,156 words
  • Article, Illustration
    Lock icon Industrial land supply for H1 2016 at 8-year low
    1193 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE Singapore government has continued to moderate the supply of industrial land for the first half of 2016 in the face of a looming industrial space glut. Marking an eight-year low, there will be six
    Source: URA Realis  -  1,193 words
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      59 1 8 "*****1 *****4 REVIEW 2015 More pain ahead seen for Malaysia economy TOP STORIES 4 earner, sg Cartier CLE DE CARTIER MANUFACTURE MOVEMENT 1847 MC SINGAPORE Takashimaya S.C. ION Orchard Marina Bay Sands Tel: 6732 0181 MALAYSIA Suria KLCC, Kuala Lumpur Tel: (603) 2303 5088 A k >> A I
      59 words
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      Lock icon Page 1 Advertisements Column 2
      26 1 2016 BEYOND A new era of slower job growth? top stories 2 PRIME INDUSTRIAL SPACE Old Seagate building gets top bid of S$250m REAL ESTATE 13
      26 words
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      8 1 FORMULA FOR SUCCESS Tackling the growth-efficiency feud SME/24
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  • TOP STORIES
    • Article, Illustration
      Lock icon Era of slower job growth ahead
      981 2  -  With quarterly gains sliding year on year, the 16,200 jobs created in the first 9 months are the fewest since 2009 REVIEW 2015 By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE numbers are not all in, but data from January to September of 2015
      FILE PHOTO  -  981 words
    • Article, Illustration
      Lock icon Many balance sheets will soon be out of balance
      428 2  -  REUTERS BREAKINGVIEWS By John Foley London THE lesson that too much debt is dangerous has sunk in. But for many companies, the corollary proposition, that too little cash is a killer, seemingly hasn’t. If there’s one thing investors ought to remember
      428 words
    • Article
      Lock icon SGX awaits SingPost audit before acting on rule breach
      431 2  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore Exchange (SGX) has decided to wait for the results of Singapore Post’s upcoming special corporate governance audit before assessing the postal and e-com-merce group’s compliance with listing rules, it said on Monday. The
      431 words
    • Article, Illustration
      Lock icon More pain ahead seen for Malaysia economy
      1210 4  -  Slumping ringgit, oil prices, business and consumer sentiment add up to a pessimistic 2016 outlook REVIEW 2015 By Pauline Ng btworld@sph.com.sg Kuala Lumpur “KU” or bitter was the Chinese character most picked by Malaysian Chinese businesses to characterise 2015 which saw the introduction
      FILE PHOTO  -  1,210 words
    • Article, Illustration
      Lock icon Tokyo Olympics will give 30t yen boost to economy by 2020: Bank of Japan
      477 4 BLOOMBERG Tokyo THE 2020 Tokyo Summer Olympics will boost the Japanese economy by as much as 30 trillion yen (S$350 billion) by 2020, according to a report by the Bank of Japan (BOJ) released on Monday.
      BLOOMBERG; PHOTO: REUTERS  -  477 words
    • Article, Illustration
      Lock icon Disappointing Nov data raises fresh doubts over Japan’s economic recovery
      636 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo INDUSTRIAL output and retail sales both fell in Japan during November, it was announced on Monday, suggesting that 2015 will go out on a subdued note for the world’s third largest economy and adding to
      PHOTO: AFP  -  636 words
    • Article, Illustration
      Lock icon Commodity carriers face an even more painful year ahead
      1075 5 Only the fittest seen surviving the worsening storm of weak demand, overcapacity REUTERS London SHIPPING companies that transport commodities such as coal, iron ore and grain face a painful year ahead, with only the strongest expected to weather a deepening crisis
      REUTERS; PHOTO: BLOOMBERG  -  1,075 words
    • Article
      Lock icon China fines 8 liners for price collusion
      285 5 BLOOMBERG Tokyo CHINA fined eight shipping lines 407 million yuan (S$88 million) in total after finding them responsible for price collusion in the transportation of vehicles and heavy machinery. Japan’s Nippon Yusen KK, Mitsui OSK lines, Kawasaki Kisen Kaisha and Eastern Car Liner
      BLOOMBERG  -  285 words
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      168 5 2jO Ob. ZM 500 lw> V© ©4 Pillars tcTa Successful Leadership h|s J rij|E /S( •> r-S^ 11 1 1 rtfkb id f»°/ iiUi Discover the science and technique k ;o 1 *?o*n Vv :t to inspire and transform your team to achieve /tv h “tompar^y. Vl*o hi" y, 5**
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Singapore banks ending year with 15-20% stock price fall
      633 6  -  But lenders seen having built business buffers; China, commodity exposure fears also said to be overblown By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE banks are set to close 2015 with their shares down 15-20 per cent from the start of the
      Source: Bloomberg  -  633 words
    • Article
      Lock icon Gold-miner Anchor Resources eyes Catalist listing
      294 6 Singapore MALAYSIAN gold-mining company Anchor Resources is eyeing a listing on the Catalist board of Singapore Exchange. On Monday, it lodged its preliminary offer document. Anchor Resources is engaged in the business of exploration, mining, processing and production of gold, and the processing of
      294 words
    • Article
      Lock icon First non-family CEO for Heeton
      113 6 Singapore HEETON Holdings, a family-run boutique developer, has for the first time appointed a non-family chief executive officer (CEO). The mainboard-list-ed group on Monday named Eric Teng Heng Chew as the CEO and an executive director from Jan 4. Toh Giap Eng, the current CEO
      113 words
    • Article
      Lock icon SIA extends offer period for Tiger to Jan 8
      488 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) has extended the offer period for its takeover bid for Tiger Airways from Dec 28 to Jan 8, after the Securities Investors Association Singapore (SIAS) called for both an extension and a
      488 words
    • Article, Illustration
      Lock icon Yoma Strategic invites shareholders to visit its businesses in Myanmar
      393 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MAINBOARD-listed Yoma Strategic Holdings Ltd is inviting its shareholders to participate in a three-day, two-night trip to Yangon, Myanmar, as it moves to build a diversified portfolio of businesses there. In a filing to
      PHOTO: BLOOMBERG  -  393 words
    • Article, Illustration
      Lock icon Big Four ahead of smaller accounting firms in productivity: census
      717 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Big Four accounting firms are much more productive than all other accounting firms in Singapore and dominate the local scene with a 67 per cent market share, according to an inaugural census of
      Source: Singapore Accountancy Commission  -  717 words
    • Article, Illustration
      Lock icon S’pore borrowers issue 16.6% less new debt in 2015
      474 7  -  US$20.7b raised from capital markets, down from preceding year’s US$24.9b By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE borrowers tapped the capital markets at a 16.6 per cent slower pace in 2015 amid an economic slowdown and expectations of higher interest rates.
      Source: Thomson Reuters/Freeman Consulting Co  -  474 words
    • Article
      Lock icon Oxley accepts offer to buy Chiba Port Square for US$60m
      259 7 Singapore OXLEY Holdings said on Monday that it has accepted an unsolicited offer for Chiba Port Square, located in Chiba Prefecture, Japan, for US$60 million. A memorandum of understanding (MOU) was inked between the group on Dec 25 and Greenland
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    • Article
      Lock icon The year nothing worked: stocks, bonds, cash all go nowhere in 2015
      616 7 BLOOMBERG New York THE idea behind asset allocation is simple: when one market struggles, it’s OK because an investor can jump into another that is thriving. Not so in 2015. In fact, if you judge the past year
      BLOOMBERG  -  616 words
    • Article, Illustration
      Lock icon Punters like their chilli crab
      815 8  -  Jumbo Group up 3.7% with almost 16 million shares traded; ST Index down 2.3 points at 2,875.32 STOCKS By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT IT IS perhaps fitting, given the state of the Singapore market, that one of the hottest stocks in town is a Catalist-listed
      Source: Bloomberg  -  815 words
    • Article
      Lock icon STI STOCKS
      304 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 xo unch 230/227 271 213 6.4 5989 CapitaLand 334 +1 337/332 379 267 12.2 2.7 *****.8 CapitaMall Trust 193 -2.5 196.5/191.5 228 184.5 5.6 6707.3 CityDev 767 -2 780/767 1095 695
      304 words
    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME Terratech 32,142,800 Rex Intl 29,676,900 Geo Energy Res 22,021,200 Noble 19,567,900 SunMoon Food 18,031,200 Market volume 710,577,000 VALUE Singtel 42,398,879 DBS Grp 22,850,167 OCBC Bank 19,419,641 ComfortDelGro 16,762,227 Global Logistic 15,611,721 Market value 419,147,000
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    • Article
      Lock icon SGX ETFS
      111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US677 +2 489 680/675 1000/639 676/680 84.6 STI ETF 294 128 296/293 355/280 293/294 IS MS INDIA S$D 953 30 953/953 1116/903 951/958 IS ASIA HYG US$ US1016 -6 29 1022/1016 1130/1007
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 28 VALUE CLOSE BT OB/OS 46.00 +61.00 BT CADI -*****.00 -58.00 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 668.61 -2.76 FTSE ST Small Cap 402.99 -1.11 FTSE ST All Share 692.20 -0.53 FTSE ST China Top 171.25 -0.64 FTSE ST China 207.38 -0.37 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index Dec 28,2015 692.20 -0.53 (-0.08%) Current streak 1 day Day high 695.49 Day low 691.49 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 8 STI MSCI EAFE MSCI EAFE index Dec 25,2015 1,719.66 -1.88 (-0.11%) Current streak 1 day Day high 1,722.99 Day low 1,719.36 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 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 2 0 0 1 4 6 3 Manufacturing 28 45 31 5 9 7 33 54 38 Commerce 18 15 15 1 8 5 19 23 20 Tpt/Stor/Comms 11 15 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 4,892 4,404 9,296 20,709 1,468 22,178 Manufacturing 62,975 27,760 90,735 37,292 1,640 38,932 Commerce 60,498 25,814 86,312 27,779 963 28,742 Tpt/Stor/Comms 81,057 224 81,281 97,405 19 97,423 Finance 6,196 100 6,296 63,162 12 63,174 Construction
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    • Article
      Lock icon GAINERS
      75 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 678.1 2.4 *****/***** Lyxor Indonesia US$ 7274 147.7 1.5 9182/6250 IS S&P500 US$ ***** 142.1 0.5 *****/***** DBXT Vietnam US$ 2253 76.0 2.5 2786/2139 DBXT MSINDIA US$ 943 74.6 6.0 1160/890 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.3
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low Lyxor ThaiSET US$ 9994 -970.8 -6.5 *****/9994 DBXT China50 US$ 2968 -56.3 -1.3 4258/2750 China Mining 16 -51.0 -76.1 76.8/16 Lyxor US DJIA US$ 1762 -36.6 -1.5 1900/1605 DBS Bk 4.7% NCPS ***** -30.0 -0.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low China
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE China Taisan 125.2 0.097 +0.016 +19.75 KrisEnergy 10,929.1 0.225 -0.025 -10.00 Thakral 1,009.8 0.250 +0.010 +4.17 Sri Trang Agro 60.0 0.355 -0.025 -6.58 ChasWood Res 371.6 0.045 -0.002 -4.26 Soup Restaurant 559.1 0.190 +0.011 +6.15 Hengyang Petro 18.5 0.175 -0.002 -1.13 Sunpower 3,128.7 0.345 +0.045
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    • CORPORATE DIGEST
      • Article
        Lock icon Ying Li International Real Estate
        73 8 YING Li International Real Estate said all units in Tower One of its Future Beijing project were taken up on the first day of its launch. Tower One consists of 585 Soho apartments and were sold at an average selling price of about 34,200 yuan
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      • Article
        Lock icon BlackGold Natural Resources
        76 8 BLACKGOLD Natural Resources Limited (former NH Ceramics Ltd) said it has through its subsidiary PT Samantaka Batubara entered into a consortium agreement with China Huadian Engineering Co Ltd. PT Samantaka Batubara and China Huadian will invest in a 40-60 joint venture project to develop, construct, operate and
        76 words
      • Article
        Lock icon China Yuanbang Property Hldgs
        111 8 CHINA Yuanbang Property Holdings has agreed to dispose of a 25 per cent stake in wanyuan Yuanbang Resort Development Co Ltd to Wanyuan City Qinba Electronic Commerce Co Ltd for 37.5 million yuan (S$8.1 million), paring its stake down to 57 per cent. The Wanyuan Yuanbang
        111 words
      • Article
        Lock icon Wilmar International
        60 8 wilmar international said Darwin Indigo, a nephew of Wilmar’s executive deputy chairman Martua Sitorus, will be appointed deputy country head (Indonesia) with effect from Jan 1, 2016. Mr Indigo, who is currently general manager for trading in Indonesia, will continue to be responsible for trading and commercial planning
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    • Article
      Lock icon This week is decider for yen: fourth annual loss or top currency
      513 9 CURRENCIES BLOOMBERG Tokyo THE yen’s fate in 2015 hinges on what happens this week: whether it has a record fourth annual decline, or is this year’s best-performing major currency. With just four days left, Japan’s currency has slipped
      BLOOMBERG  -  513 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.006 4.709 0.662 5.627 48.014 99.128 0.876 8.462 3.126 1.062 76.098 34.243 1.021 11.117 0.717 23.884 26.214 0.486 0.726 Canada 0.994 4.681
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Dec 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0213 1.0216 0.7259 0.7260 Canadian dollar 1.0149 1.0154 0.7217 0.7214 Euro 1.5424 1.5432 1.0963 1.0967 NZ dollar 0.9612 0.9623 0.6832 0.6839 Sterling pound 2.0992 2.1004 1.4921 1.4927
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 28 S$ Bid Offer 1-month 1.4083 1.4088 2-months 1.4095 1.4100 3-months 1.4109 1.4115 6-months 1.4140 1.4145 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        374 9 Dec 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.50 *****.00 *****.00 *****.00 *****2 *****0 Jan16 *****.50 *****.00 *****.50 *****.50 *****6 *****0 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Jun16 *****.00 10 610 MSCI TAIWAN INDEX FUTURES Dec15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active Dec 28 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.2 unch 2258 1 18 10 STI 3100 MB eCW*****9 2.2 -0.2 2030 0.0 --2 Capitaland MB eCW*****1 7.5 -0.3 1570 0.2 360 9
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 9 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 9 Dec 28 $S Offer Bid 0vernight 0.25 0.15 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.40 US$ 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
        69 9 Dec 28 Dec 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.79 100.88 100.80 5-Year N*****0S 2.000 01-Jul-20 100.99 101.14 101.00 10-Year NX*****Z 2.375 01-Jun-25 99.71 99.85 99.80 15-Year NZ*****F 2.875 01-Sep-30 101.73 101.90 101.75 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 Dec-24 Price Net change change Last Trade Agricultural Dec-24 CBOT Soybeans (US cents/bu) 875.25 -6.50 -0.74% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.87 0.35 1.15% 14/01/2016 CBOT Wheat (US cents/bu) 467.50 -2.00 -0.43% 14/03/2016 Dec-24 LIFFE Cocoa (£/tonne) 2264.00 3.00 0.13% 14/03/2016 LIFFE Coffee (US$/tonne) 1485.00 -8.00 -0.54%
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      • Article
        Lock icon PALM OIL
        57 9 Dec 28 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 16 2279.0 2248.0 2300.0 2243.0 260 3974 Feb 16 2413.0 2372.0 2413.0 2370.0 2711 ***** Mar 16 2479.0 2449.0 2487.0 2447.0 ***** ***** Apr 16 2525.0 2499.0
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    • Article
      Lock icon SGX MAINBOARD
      1831 10 Transaction date: Dec 28 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom Last Sale AAT vol ('000) High Day Low Div 153 131.5 AIMSAMP Cap Reit 138 +0.5 104 140 137.5 1 8 875.8 GrYld
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    • Article
      Lock icon SGX CATALIST
      355 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 10.1 2.3 t Abundance Intl (’000) High Day LOW Div C'vr GrYld Net P/E MCap 35 3.6 1.6 t Asiatic t 3Cnergy 10.2 25.5 9.6 t CMC Infocomm
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    • Article
      Lock icon SGX ETF
      114 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1136 +46 0 1136 1136 vol 4258 2750 DBXT China50 US$ US2968 -40 0 2968 2968 8.2 High 409 225 DBXT MSBrazil US$ US232
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  • Page 10 Advertisements
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      71 10 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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      Lock icon Page 11 Advertisements Column 1
      474 11 NOTICES TOLL FREE 18 0 0-289-8822 I Email n o t i c e s s p h c o m s g I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF HUNTON GLOBAL INVESTMENTS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION
      474 words
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      1956 11 GRP GRP LIMITED (Company Registration Number: *****1449C) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of GRP Limited (the “Company”) will be held at Albizia Room, Level 2, Jurong Country Club, 9 Science Centre Road, Singapore *****8
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      2202 11 FRASERS CENTREPOINT TRUST (CONSTITUTED IN THE REPUBLIC OF SINGAPORE PURSUANT TO A TRUST DEED DATED 5 JUNE 2006 (AS AMENDED AND RESTATED)) NOTI CE O F AN N UAL GE NERAL M E ETIN G NOTICE IS HEREBY GIVEN that the 7th Annual General Meeting of FRASERS CENTREPOINT TRUST (“FCT”)
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      259 12 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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  • REAL ESTATE
    • Article, Illustration
      Lock icon Old Seagate building gets top bid of S$250m
      540 13  -  Ho Lee seeking to divest property via share sale in holding company 7000 AMK By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE former Seagate building at 7000 Ang Mo Kio Avenue 5 has received six bids from potential buyers through an expression of
      PHOTO: LAURA NG  -  540 words
    • Article, Illustration
      Lock icon Prices of completed small condos down in November
      517 13  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PRICES of completed small condo units and apartments (up to 506 square feet) islandwide slipped 1.2 per cent in November over October. This was based on the latest flash estimates from the National University of Singapore
      Source: NUS SRPI  -  517 words
    • Article
      Lock icon Top Asia junk bond funds see opportunities in China developers
      666 13 BLOOMBERG Hong Kong THE best-performing emerging Asia junk bond funds this year all navigated a landmark default to profit from China’s property debt. They see more opportunities as the nation prevents rising delinquencies from sparking a crisis. Allianz Global Investors
      BLOOMBERG  -  666 words
    • Article
      Lock icon Knightsbridge the worst performer in central London home market
      263 13 BLOOMBERG London KNIGHTSBRIDGE is the worst performing housing market in central London this year as rising taxes curb valuations in the district that’s home to the Harrods department store. Prices fell 6.1 per cent as an increase in the stamp duty
      BLOOMBERG  -  263 words
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  • BANKING & FINANCE
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      258 14 Defining your trading plan with the winning formula Key Learning Points To ensure a winning trade, what is the ONE signal that you should look out for? How to create a trading strategy that brings you through this volatile market environment? Join Vito Henjoto as he shares insights on the
      258 words
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      53 14 HOT PROPERTY WEST 10,000SF RECTANGU-LAR B2 fty. Ceiling 8m. 300 Amps. 3 entrance to fty. 30kN/m2. Immed. GOLDEN WHEEL BLDG 2nd flr (B1) $2.46psf up. 1420sf. Fitted. Loading/ Unloading office warehouse Kallang Pudding Rd. LOOKING FOR A FACTORY SPACE TO RENT? Check out these properties and more in The Straits
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      13 14 Health-carestocks riseagainst thetide toshine in2015 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • TECHNOLOGY
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  • CONSUMER
  • Page 17 Advertisements
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      74 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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      69 17 Unconditional Love I’m very blessed and thankful to have such devoted parents who nurtured me into who I am. They always ensure that my self-confidence will not be shaken as I grow. Photography student Isabelle Lim, who has Nager Syndrome, a rare genetic disorder. Curl up with It Changed My
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  • TRANSPORT
    • Article, Illustration
      Lock icon A Silicon Valley for drones in North Dakota
      1052 18 Sparsely populated region has the space for testing and plenty of expertise already in place NYT Fargo, North Dakota “CALIFORNIA and New York want what we’ve got,” said Shawn Muehler, a 30-year-old Fargo resident, gazing at a horizon of empty fields, silos,
      NYT; PHOTO: NYT  -  1,052 words
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      Lock icon Somaliland banks on port for prosperity
      987 18 Aim is to develop Berbera into a major hub and direct landlocked Ethiopia’s trade through it WP Berbera, Somalia BY THE afternoon, more goats than cars are to be found on the unpaved, sunblasted streets of Berbera, a sleepy port town on the Horn
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    • Article
      Lock icon Helping travellers avoid flight-change fees – for a modest fee, of course
      961 18 Helping travellers avoid flight-change fees for a modest fee, of course NYT New York SUCH is the state of air travel these days that even the fees have fees. It is a ritual that will most likely sound familiar to many holiday travellers: Your plans suddenly change, and a flight
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    • Article
      Lock icon SHIPPING TIMES
      785 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
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China lays down the law on online lenders, vows to ‘cleanse’ market
      516 19 Online platforms should not take deposits, pool investors’ money, or guarantee returns, regulator says BLOOMBERG Shanghai CHINA’S banking regulator laid out planned restrictions on thousands of online peer-to-peer lenders, pledging to “cleanse the market” as failed platforms and
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      Lock icon Thai exports down in November for 11th straight month
      404 19 REUTERS Bangkok THAILAND’s exports fell for an 11th straight month in November and by more than expected, while imports fell again, showing the trade-depend-ent economy is still sputtering 19 months after the army took power. Although the May, 2014 coup ended
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      Lock icon Abe apologises, offers one billion yen to South Korea ‘comfort women’
      706 19 BLOOMBERG Seoul JAPANESE Prime Minister Shinzo Abe made a landmark apology to South Korean “comfort women” coerced into Japanese military brothels before and during World War II, with his government agreeing to provide one billion yen (S$ 11.7 million)
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      Lock icon Taiwan: an ageing tiger in need of cubs
      691 19 REUTERS Taipei JASON TSAI is among the few in Taiwan with excellent English, but two years after graduating from university, the highly sought language skill has failed to secure him a well-paying job. Mr Tsai has been pulling in an average monthly
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      Lock icon Saudi plans spending cuts, revenue push to shrink 2016 budget deficit
      456 19 REUTERS BLOOMBERG AFP Riyadh SAUDI Arabia, its finances hit by low oil prices, announced plans to shrink a record state budget deficit with spending cuts and a drive to raise revenues from sources other than oil. The government of
      REUTERS; BLOOMBERG; AFP  -  456 words
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  • OPINION
    • Article
      Lock icon The good news among the whole bunch of bad in 2015
      558 20 EDITORIAL Discussing his strategy to combat terrorism during a recent radio interview, US President Barack Obama seemed to blame the media for the growing anxiety over that threat among Americans. “Well, I think what’s fair is that post-Paris you
      558 words
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      Lock icon Regulating global temperature may be mission impossible
      832 20  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP ON climate change, curb your enthusiasm. It’s not that the recent international conference in Paris didn’t take significant steps to check global warming. It did. Nearly 200 countries committed to reduce their
      THE WASHINGTON POST WRITERS GROUP  -  832 words
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      Lock icon Why Big Oil should just ‘kill’ itself
      1141 20  -  The Oil Age is ending. Western oil companies need to wake up to this reality, stop exploring, and either innovate or liquidate. BY ANATOLE KALETSKY BY ANATOLE KALETSKY T The writer is chief economist and co-chairman of Gavekal Dragonomics and the author of
      PHOTO: BLOOMBERG  -  1,141 words
    • Article
      Lock icon The shopping mall of things: Black Friday in an IoT world
      929 21  -  COMMENTARY By David Eden T The writer is head of NextGen Innovation at Tata Communications FRIDAY Nov 27, also known as Black Friday 2015, saw a surge in online spending, particularly in the UK where online sales totalled £1.1
      929 words
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      Lock icon Having a knack for market timing
      768 21  -  By Jussi Keppo T The writer is associate professor of decision sciences at the National University of Singapore (NUS) Business School, which is celebrating its 50th anniversary. This research was conducted with Tyler Shumway from university of Michigan and Daniel Weagley from Georgia institute
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      Lock icon Simple matters of right and wrong at the heart of SingPost saga
      259 21  -  LETTER TO THE EDITOR Tng Kim Bock Singapore I WAS an investor in Singapore Post and decided to sell my shares at a loss when SingPost announced that it will undergo a special audit. The issues brought up
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      Lock icon THE BUSINESS OF GETTING ELECTED
      1103 21  -  Originating in the United States, political campaigning has become a mini-industry driven by the potentially significant rewards on offer. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London
      PHOTO: AFP  -  1,103 words
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  • Page 22 Advertisements
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      147 22 PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 TIMES V Wins m Recognition Come publicise your Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Corporate Image, Corporate Developments and Company Anniversary. There’s no better way to anchor your
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon The Force Awakens is fastest to hit US$1b mark globally
      726 23 The Star Wars sequel sets the record in 12 days, one day less than Jurassic World REUTERS Los Angeles STAR WARS: The Force Awakens showed few signs of flagging over Christmas weekend, barrelling past the US$1 billion mark globally at
      REUTERS; PHOTO: THE WALT DISNEY COMPANY  -  726 words
    • Article
      Lock icon What lies behind the beards
      938 23 Does artisanal equal special? Why we’re so ready to believe that it does WP Washington THE beards said it all, really. Long and well groomed, attached to handsome young faces, they were the beards of men who worked the land. The beards of men who
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    • Article
      Lock icon Darkness begone! Lights ward off Nordic winter blues
      638 23 AFP Stockholm EACH year, Old Man Winter drops his curtain of darkness over the Nordic countries, not lifting it again until April when spring bathes the region in sunlight and nature comes back to life. At this time of year, when night
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  • Page 23 Miscellaneous
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      302 23 CRYPTIC CROSSWORD Across 1 Danger! Noun penned by this compiler genius (6) 4 Damage reputation of space station in school (6) 8 Dull system of bank payments returned cover (8) 10 Engineers drink pop (6) 11 Boast about clothes (4) 12 Support a ventricle that’s shaky (10) 13 US president’s
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  • SME
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      Lock icon Tackling the growth-efficiency feud
      1171 24  -  Management research shows that the most successful companies are the ones that balance exploration and exploitation. BY BOH WAI FONG T The writer is associate professor of information technology and operations management, Nanyang Business School, ntu. He is conducting a training cum research programme that helps
      PHOTO: BLOOMBERG  -  1,171 words
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      Lock icon To hackers, size does not matter
      977 24  -  By Benjamin Wong TThe writer is channels director, Asia-Pacific and Japan, at Progress. Singapore DIGITALISATION is transforming all types of companies. Cloud computing, Big Data or growth of Internet of Things (IoT) offer many benefits to businesses, both large corporations and SMEs. However, the
      PHOTO: BLOOMBERG  -  977 words