The Business Times, 30 December 2015

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1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    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 Wednesday, December 30,2015
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  • Article
    Lock icon MARKETS
    29 1 MARKETS Tuesday Change STI 2,888.22 +12.90 KL COMP 1,685.36 +14.63 NIKKEI 225 18,982.23 +108.88 HANG SENG 21,999.62 +80.00 SHENZHEN B 1,301.66 +21.55 DOW (10.45 AM EST) 17,690.74 +162.47
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  • Article, Illustration
    Lock icon DAILY DIGEST
    253 1 LTA is taking over SBS Transit’s contracts for incoming buses worth S$164 million and will also buy 50 other existing buses from the bus operator for S$23 million. TOP STORIES 2 Iskandar Waterfront City rose 7.4 per cent as investors bet on its holding company winning the bid
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  • Article
    Lock icon SMEs turning even less bullish
    751 1  -  Sentiment down five quarters in a row, hitting lows last seen in 2012 By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SENTIMENT among small and medi-um-sized enterprises (SMEs) has fallen for the fifth straight quarter, to hit lows last seen in 2012, according to the latest SBF-DP
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  • Article, Illustration
    Lock icon Petrochemical sector running on full steam as low oil prices boost margins
    1003 1  -  REVIEW 2015 By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE black mark of Jurong Aromatic Corporation aside, the petrochemical sector in Singapore would be turning in a gleaming report card for this year, aided by lower crude oil prices
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  • Page 1 Advertisements
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  • TOP STORIES
    • Article
      Lock icon LTA to acquire buses, take over procurement contracts from SBS for S$187m
      468 2  -  New bus contracting model aims to raise service levels, allow government to respond to commuter needs By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Land Transport Authority (LTA) is taking over SBS Transit’s contracts for incoming buses worth S$164
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    • REVIEW 2015
      • Article, Illustration
        Lock icon New normal emerging in offshore marine
        1231 2  -  Cost deflation experienced across exploration and production value chain By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MUCH has been said about the offshore marine sector taking a hit from capital expenditure cuts imposed by oil and gas companies as a result of persistently low
        Source: SBM Offshore  -  1,231 words
      • Article, Illustration
        Lock icon Standardisation and scrapping on the table for offshore marine
        1066 2  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PERSISTENTLY low oil prices have served as a wake-up call to the offshore marine industry some said had been fat and happy for a tad too long. But to be fair, industry players had
        SPH FILE PHOTO  -  1,066 words
    • Article
      Lock icon IWC shares up on expectation of 1MDB deal
      694 3  -  Investors bank on the company’s parent winning the bid for huge tract of prime land in KL By Pauline Ng btworld@sph.com.sg Kuala Lumpur AHEAD of an announcement on the winning bid for a controlling stake in 1MDB’s planned Bandar Malaysia township in
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    • Article, Illustration
      Lock icon China manufacturing in December likely to be down for 5th straight month
      503 3 Official industry PMI still below 50 points, pointing to further easing in GDP growth next year REUTERS Beijing ACTIVITY in China’s manufacturing sector is expected to have contracted for a fifth straight month in December, a Reuters poll
      REUTERS; PHOTO: BLOOMBERG  -  503 words
    • Article
      Lock icon Deutsche Bank beats sensible retreat from China
      371 3  -  REUTERS BREAKINGVIEWS By Quentin Webb Hong Kong DEUTSCHE Bank is joining peers cashing out of China. The German lender is selling a US$3.8 billion, 19.9 per cent holding in Huaxia Bank to local insurer PICC Property and Casualty. Like rivals such as Goldman
      371 words
    • Article, Illustration
      Lock icon Industry gears up for tech’s era of democratisation
      1432 4  -  Businesses not plugged into technology’s network are left by the wayside, say company leaders and analysts REVIEW 2015 By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore AS we pass the halfway mark of the second decade of the new millennium, all organisations, big
      SPH FILE PHOTO  -  1,432 words
    • Article, Illustration
      Lock icon SMC fines Martin Huang S$10,000 for ethics breach
      527 4  -  The case against the plastic surgeon involves photographs taken of a 17-year-old patient By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A SINGAPORE Medical Council (SMC) disciplinary tribunal has censured and fined a well-known local plastic surgeon S$ 10,000 for breach of ethics in
      SPH FILE PHOTO  -  527 words
    • Article
      Lock icon Consumer confidence rebounds in December; optimism in economy
      413 4 LATEST US DATA BLOOMBERG Washington CONSUMER confidence rebounded more than forecast in December as Americans grew more optimistic about the current state of the economy and job market. The Conference Board’s sentiment index climbed to 96.5 from a revised November reading of
      BLOOMBERG  -  413 words
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      Lock icon Page 3 Advertisements Column 1
      101 3 Deutsche Bank to raise up to 25b yuan from Huaxia sale, Page 13 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements Wine, Dine 4£y/ V 5v n Mi BBS FESTIVE EXPERIENCE AT EQUINOX RESTAURANT Leave the preparations of a festive meal to us
      101 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Keppel wins contracts worth S$125m from repeat customers
      573 5  -  Keppel O&M’s CEO Chow Yew Yuen says group is glad to be the choice yard amid challenging market conditions By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Corporation’s offshore marine unit has won four contracts worth about S$125 million from repeat customers
      573 words
    • Article
      Lock icon S-Reits average -5.5% in total returns, 7.1% in yields
      374 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore AMID broad market weakness and concerns that higher interest rates would make dividend yields less attractive, the SGX S-Reit 20 Index’s year-to-date average total return was a negative 5.5 per cent as at Monday, ahead
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    • Article
      Lock icon Money managers for Asia’s wealthy see end to US$ rally
      519 5 BLOOMBERG Singapore MONEY managers for Asia’s wealthiest families say they’ll be looking elsewhere for returns after chasing the US dollar’s gains in the past three years. UBS Group AG, the world’s largest private bank, is telling clients there’s “little room
      BLOOMBERG  -  519 words
    • Article, Illustration
      Lock icon ‘Almost impossible’ to compare companies’ carbon reports
      669 6  -  Disclosures still dismal; global guidelines needed to make reporting consistent, KPMG says in study By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GLOBAL reporting guidelines on carbon reporting are needed because it is “almost impossible” to make comparisons between companies at the moment, KPMG said
      Data: KPMG  -  669 words
    • Article
      Lock icon SingPost’s Nov cross-border e-commerce volume up 60%
      206 6 Singapore SINGAPORE Post’s cross-border e-commerce volume surged 60 per cent year-on-year in November to 4.6 million packages, SingPost e-com-merce CEO Marcelo Wesseler said on Tuesday. Besides the key holiday events like China’s Singles Day shopping on Nov 11, Black Friday on Nov 27
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    • CORPORATE DIGEST
      • Article
        Lock icon Tiong Seng Holdings
        71 6 TIONG Seng Holdings said its wholly owned subsidiary, Tiong Seng Contractors (Pte) Ltd, has been awarded a contract from the Land Transport Authority of approximately S$69.9 million for the construction of a bus depot at Ulu Pandan. The contract is not expected to have any material impact
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      • Article
        Lock icon China Everbright water
        81 6 CHINA Everbright Water Ltd has won the tender for the Ji’nan Xike Waste Water Treatment Project (Plant 4) Phase II with the highest ranking in the overall score rating. Project Phase II has a designed daily waste water treatment capacity of 70,000 cubic metres and will be
        81 words
      • Article
        Lock icon Samudera Shipping Line
        81 6 SAMUDERA Shipping Line said it has disposed of two of its vessels Sinar Tokyo and Sinar Bukom to PT Samudera Energi Tangguh, a subsidiary of PT Samudera Indonesia Tangguh. The latter is a controlling shareholder of Samudera given its 57.98 per cent stake in PT Samudera Indonesia
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      • Article
        Lock icon Asiatravel.com
        139 6 ASIATRAVEL.COM Holdings said it has on Dec 28 entered into a loan agreement with Chong Zhi Hong Kong Investment Ltd for the latter to grant a loan of 58 million yuan in equivalent Singapore dollars (about S$12.57 million) to Asiatravel.com. The group said this is to strengthen its cash
        139 words
    • Article, Illustration
      Lock icon SIA garners 74.5% stake in Tiger – still short of target of over 90%
      542 7  - SIA garners 74.5% stake in Tiger still short of target of over 90% Aggregate interest at end of Dec 28 deadline includes 18.76% from valid acceptances; offer now closes on Jan 8 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) fell short of the necessary acceptances to delist budget
      PHOTO: BLOOMBERG  -  542 words
    • Article
      Lock icon Emerging market investor beats peers with focus on consumer spending
      738 7 BLOOMBERG Boston THE last few years were a terrible time to be the manager of an emerging market stock fund unless you were Anindya Chatterjee. Since Mr Chatterjee started the City National Rochdale Emerging Markets Fund on Dec 14, 2011,
      BLOOMBERG  -  738 words
    • Article, Illustration
      Lock icon Poor volume, but STI gains ground
      683 8  -  Dealers say activity was within expectations given the holiday season and uncertain 2016 outlook STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT IF year-ending window-dressing of the Straits Times Index (STI) is to feature in 2015, then it makes sense to position oneself appropriately just before
      Source: Bloomberg  -  683 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 226 xo -2 228/225 271 213 6.5 5936.4 CapitaLand 335 +1 338/333 379 267 12.3 2.7 *****.5 CapitaMall Trust 193.5 +0.5 195/192 228 184.5 5.6 6724.7 CityDev 775 +8 779/771 1095 695
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Terratech 63,554,000 Global Tech 44,325,400 Vashion 22,000,200 APAC Strategic 20,789,900 Geo Energy Res 18,995,700 Market volume 810,113,000 VALUE Singtel 44,365,008 DBS Grp 27,257,856 CapitaLand 25,268,382 OCBC Bank 24,968,239 UOB 20,621,748 Market value 483,641,000
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    • Article
      Lock icon SGX ETFS
      112 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US676 -1 322 680/670 1000/639 676/680 84.5 STI ETF 295 +1 39 296/294 355/280 295/296 IS ASIA HYG US$ US1016 15 1027/1016 1130/1007 1016/1024 Nikko AM STI ETF 300 cd +1 11
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 29 VALUE CLOSE BT OB/OS 291.00 +245.00 BT CADI -*****.00 +71.00 BT 10-day MA -*****.00 +30.00 FTSE ST Mid Cap 671.76 +3.15 FTSE ST Small Cap 404.48 +1.49 FTSE ST All Share 695.27 +3.07 FTSE ST China Top 171.62 +0.37 FTSE ST China 208.78 +1.40 FTSE
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low DBXT E50 US$ 4667 117.1 1.8 5300/4350 DBXT Vietnam US$ 2283 42.3 1.3 2786/2139 JMH USD 4790 31.0 0.5 6788/4500 DBS Bk 4.7% NCPS ***** 30.0 0.3 *****/***** HongkongLand USD 701 15.5 1.6 880/640 BY PERCENTAGE CLOSE UP 52w high/low AP Strat W*****9
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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 29,2015 695.27 +3.07 (+0.44%) Current streak 1 day Day high 695.42 Day low 692.31 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Dec 28,2015 1,717.89 -1.77 (-0.10%) Current streak 2 days Day high 1,723.27 Day low 1,716.79 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 6 6 2 0 1 0 6 7 2 Manufacturing 28 37 31 7 9 6 35 46 37 Commerce 20 14 10 3 5 7 23 19 17 Tpt/Stor/Comms 21 7 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 5,146 1,035 6,181 21,356 335 21,691 Manufacturing 72,993 43,572 116,565 38,068 1,788 39,856 Commerce 67,653 34,431 102,084 37,478 2,618 40,096 Tpt/Stor/Comms 75,280 145 75,425 98,832 12 98,844 Finance 10,239 10 10,249 82,638 1 82,640 Construction
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    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSKorea US$ 5178 -97.3 -1.3 6246/4478 DBXT MSTHAI US$ 1604 -19.8 -0.9 2300/1604 Global Testing 100 -9.0 -8.3 290/85 DBXT MSINDO US$ 1160 -8.5 -0.5 1492/911 GLD US$ ***** -7.1 0.0 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotive 0.2 -50.0 -0.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 VOL CLOSE($) CHANGE Acesian Partners 1,268.8 0.030 +0.006 +25.00 Global Tech 44,325.4 0.049 +0.012 +32.43 AEM 101.0 0.290 +0.030 +11.54 Cortina 4.0 0.700 -0.050 -6.67 KrisEnergy 9,047.8 0.198 -0.027 -12.00 Terratech 63,554.0 0.055 -0.006 -9.84 APAC Strategic 20,789.9 0.007 +0.002 +40.00 China Dairy 54.6 0.110 +0.011 +11.11 SingaporeKitchen
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    • Article
      Lock icon BROKERS’ TAKE
      558 8  -  Compiled by Melissa Tan Regal international Group Neutral Dec 29: untraded Last traded: S$0.165 (Dec 21) Target price: S$0.24 Phillip Capital, Dec 29 We did a site visit to Regal International Group’s major developments in Kuching in end-November... These are some of our post-visit thoughts. While it remains
      558 words
    • Article
      Lock icon CALENDAR
      9 8 DATA I Dec 30 US MBA Mortgage Applications
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    • Article
      Lock icon Offshore yuan falls to its lowest since August
      401 9 CURRENCIES REUTERS London OFFSHORE rates for China’s yuan fell on Tuesday to their weakest since a hefty two-day devaluation in August, mirroring a fall in onshore rates, with traders citing strong year-end dollar demand. Sweden’s crown meanwhile hit a nine-month high against
      REUTERS  -  401 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.009 4.718 0.663 5.638 48.244 99.952 0.875 8.503 3.125 1.058 76.255 34.230 1.026 11.114 0.719 23.880 26.275 0.488 0.727 Canada 0.991 4.675
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 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 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0257 1.0271 0.7272 0.7277 Canadian dollar 1.0163 1.0174 0.7208 0.7205 Euro 1.5479 1.5490 1.0974 1.0975 NZ dollar 0.9697 0.9709 0.6875 0.6879 Sterling pound 2.1016 2.1038 1.4900 1.4906
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 29 S$ Bid Offer 1-month 1.4119 1.4130 2-months 1.4132 1.4144 3-months 1.4146 1.4158 6-months 1.4176 1.4192 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        201 9 Most active Dec 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****9 0.2 0.1 8050 1 1 71 3.50 59 Rowsley Ltd W*****3 3.1 -0.1 7933 1 18 10 SHS Holdings W*****6 8.5 0.9 2724 1
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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 28 Index Change Change Change Change Change Change World Preliminary 1277.4 -0.4 0.1 -0.2 3.6 -0.4 -2.5 EAFE Preliminary 1007.5 -0.1 2.1 0.1 2.9 -0.1 -3.2 Europe Preliminary 1407.8 -0.3 1.9
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        435 9 •jot Tv CVfK HUH LOh am VOL MMkT FTSE CHINA ASQ INDEX FUTURES Dt*i;1!i *****,60 *****.00 105/7 Ml 107*15,00 *****3 *****7) 1 Jilin 1IM9S 00 10*30.00 ***** 00 ***** 00 *****8 15.1164 NIKKEI 225 INDEX FUTURES Mtinc 18*1000 1*985,00 *****,00 18*85 00 ***** '9WJ4 JIHH6 18W3.00 *****,00
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 29 $S Offer Bid 0vernight 0.08 0.03 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.30 US$ 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 9 GOVERNMENT BONDS Dec 29 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.65 5-Year N*****0S 2.000 01-Jul-20 100.78 101.15 101.15 10-Year NX*****Z 2.375 01-Jun-25 99.36 99.77 99.50 15-Year NZ*****F 2.875 01-Sep-30 101.29 101.95 101.80 20-Year NZ*****V 3.375 01-Sep-33 107.96 108.70 108.25
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 Dec-28 Price Net change change Last Trade Agricultural Dec-28 CBOT Soybeans (US cents/bu) 865.00 -10.25 -1.17% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.20 -0.67 -2.17% 14/01/2016 CBOT Wheat (US cents/bu) 466.50 -1.00 -0.21% 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 29 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 16 2258.0 2288.0 2293.0 2240.0 335 4622 Feb 16 2360.0 2411.0 2422.0 2355.0 2008 ***** Mar 16 2438.0 2484.0 2497.0 2430.0 ***** ***** Apr 16 2485.0 2525.0
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    • Article
      Lock icon SGX MAINBOARD
      1822 10 Transaction date: Dec 29 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom Last Sale AAT vol ('000) High Day Low Div 153 131.5 AIMSAMP Cap Reit 139 +1 144 139 137 1 8 882.2 GrYld
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    • Article
      Lock icon SGX CATALIST
      377 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 10.1 2.3 t Abundance Intl (’000) High Day LOW Div 25 4.5 t Alliance Mineral 12.4 +1.2 ***** 12.8 11.4 48.8 GrYld Net P/E MCap 35 3.6 1.6
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    • Article
      Lock icon SGX ETF
      94 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1043 700 CIMBASEAN40 US$ US796 +3 9 805 790 124.8 ('000) High Day Low 6246 4478 DBXT MSKorea US$ US5178 -69 10 5178 5132 7.5 C'vr GrYld 2300
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
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  • Page 10 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      259 11 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 Yio Chu Kang exec condo site up for tender
      657 12  -  HDB also releases second exec condo site at Sumang walk for application from reserve list By Lee Meixian leemx@sph.com.sg @LeeMeixianBT THE government on Tuesday launched two executive condominium (EC) sites one at Yio Chu Kang under the confirmed list for public
      657 words
    • Article, Illustration
      Lock icon Japan architect builds quake-proof homes from the rubble in Nepal
      824 12 THOMSON REUTERS FOUNDATION Tokyo AFTER twin earthquakes in April and May claimed 9,000 lives and left vast swathes of Nepal in ruins, survivors worried if they reused the brick rubble, they would end up with the same vulnerable, seismically unsound
      THOMSON REUTERS FOUNDATION; PHOTO: REUTERS  -  824 words
    • Article
      Lock icon HK billionaire sells 20.4b yuan of mainland projects to Evergrande
      376 12 BLOOMBERG Shanghai EVERGRANDE Real Estate Group will buy 20.4 billion yuan (S$4.4 billion) of projects in China from Hong Kong billionaire Cheng Yu-Tung’s fami-ly-controlled companies, extending an acquisition spree by the Chinese developer this year. New World China Land agreed
      BLOOMBERG  -  376 words
    • Article
      Lock icon China Vanke in talks with investor in fight to fend off takeover
      293 12 BLOOMBERG Beijing CHINA VANKE CO said it has found a potential investor and is in talks with others, as the managers of China’s biggest listed homebuilder wage a struggle for control against its largest shareholder. The company signed
      BLOOMBERG  -  293 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      137 12 NOTICES NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company Polygon Construction Interior Pte. Ltd. (In Liquidation) (Co. Reg. No. *****4227W) Address of Registered Office 21 Merchant Road #05-01 Singapore *****7 Last Day of Receiving Proofs 13 January 2016 Names of Liquidators Chia Soo Hien Leow Quek Shiong Address of
      137 words
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      30 words
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      22 12 v -V *> SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES
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  • ENERGY & COMMODITIES
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      73 14 ITSHOW 2016 10-13 March 2016 SUNTEC Singapore Levels 3, 4 6 L3, 11am-9pm L4 L6, 12-9pm itshow.sg fb.com/ComexITShow Sinsapores LARGEST Singapore’s LARGEST I.T. consumer electronics exhibition. Thousands of consumers will be there to buy your tech products services! NOW! Book Your Space NOW! *Limited Booths Available Call *****620 or email
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      70 14 Amother’s devotion There was a lot of pain in my heart but he is my son. I refused to give up; I knew he would one day come back to me. –Madam Goh Lay Hong, 86, on her former drug addict son Chua Soon Poh. Curl up with It Changed
      70 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Tech giants tussle for a piece of China’s smog forecasting cake
      820 15 IBM, Microsoft land contracts to predict air quality in one of the world’s top carbon emitter REUTERS Beijing AIR pollution in China could be big business. Two of the world’s largest technology firms, IBM and Microsoft, are vying to
      REUTERS; PHOTO: REUTERS  -  820 words
    • Article
      Lock icon Market police deploy new weapons
      605 15 Software Smarts emerge as top trading surveillance player in the world BLOOMBERG London THE day after the Federal Reserve raised interest rates, volume was so heavy on the Nordic stock exchanges that Joakim Strid’s team of analysts identified 500 instances of possible fraudulent trading and
      BLOOMBERG  -  605 words
  • Page 15 Advertisements
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      1150 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices PNE MICRON HOLDINGS LTD (Company Registration No. *****5909M) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of PNE Micron Holdings Ltd (the “Company”) will be held at 16
      1,150 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Another tough year ahead for the shipping industry
      903 17  -  Overall confidence levels fall in Sept-Nov; they’re up in Asia but down in Europe, North America STRAIT TALK By DAVID HUGHES IT will come as little surprise that, according to the latest Shipping Confidence Survey from international accounting and shipping adviser Moore
      PHOTO: REUTERS  -  903 words
    • Article, Illustration
      Lock icon Maritime ‘repo men’: A last resort to recover stolen or seized ships
      979 17 NYT Miragoane, Haiti IN Greece, Max Hardberger posed as an interested buyer, in Haiti as a port official, in Trinidad, a shipper. He has plied guards with booze and distracted them with prostitutes; spooked port police officers with
      NYT; PHOTO: NYT  -  979 words
    • Article
      Lock icon Storms snarl US travel; dozens killed by tornadoes, floods
      701 17 REUTERS Chicago SNOW, sleet and hail snarled transportation in large parts of the US on Monday during one of the busiest travel times of the year, after dozens died in US storms that were part of a wild worldwide weather system
      REUTERS  -  701 words
    • Article
      Lock icon SHIPPING TIMES
      2186 22 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) BTL SIN PKL KUC KK JKT MALAYSIA STAR 54 50 9/1 10/1 14/1 16/1 FORTUNE EPOCH 101 35 122 9/1 14/1 15/1
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  • OPINION
    • Article
      Lock icon Bank of Japan’s challenge in 2016 – maintaining the yen exchange rate
      594 20 Bank of Japan’s challenge in 2016 maintaining the yen exchange rate EDITORIAL THE problems confronting Japanese economic policymakers in the new year are many, not least the need to expand demand in a shrinking population and a slowing global economy. But the most difficult task lies with the Bank of
      594 words
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      Lock icon Beijing still in denial of its human rights violations
      829 20  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA has in recent years sought to depict itself as not a violator, but a champion of human rights. Thus,
      829 words
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      Lock icon Singapore plays key role in clinical trial logistics
      1328 20  -  Having some of the biggest names in the drug industry based here, and a sustained push for the biomedical industry by the government, are big advantages.BY LEON WYSZKOWSKI BY LEON WYSZKOWSKI T The writer is vice-president, Fisher Clinical Services North America and
      FILE PHOTO  -  1,328 words
    • Article
      Lock icon South Korea’s deal with Japan fails ‘comfort women’
      955 21  -  COMMENTARY By Noah Feldman BLOOMBERG VIEW AT long last, Korea’s “comfort women” are getting a real apology from Japan’s government for being forced into sexual slavery by the Japanese army during World War II. But the moment is bittersweet, and not just
      BLOOMBERG VIEW  -  955 words
    • Article
      Lock icon New opportunities for Singapore investors in India’s building industry
      802 21  -  COMMENTARY By Ajay Kumar sanganeria, Vikram Mehta T The writers are partner and manager, respectively, at KPMG in Singapore. The views expressed are their own INDIA is considered to be one of the fastest-growing global economies and ranked among the top
      802 words
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      Lock icon Human trafficking and the link to fraud in firms’ supply chains
      983 21  -  A strategic approach that leverages procurement data, analytics and due diligence, and comprehensive regular audits are needed to detect fraud in supply chains. BY RICHARD DAILLY BY RICHARD DAILLY T The writer is managing director, South-east Asia, investigations and
      PHOTO: AFP  -  983 words
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  • Page 22 Advertisements
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      73 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the Business Times SHIPPING TIMES Spotlight Award Wins Recognition < Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds. Project Completion, Vessel Conversion Refurbishment and Company Anniversaries. There’s no better way to anchor your
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Why 3-D video games might actually be good for your child
      785 23 Research finds evidence these complex and immersive games may boost memory and can stimulate the brain WP Washington THE late film critic Roger Ebert famously declared that video games could never be art, much to the outrage of die-hard
      WP; FILE PHOTO  -  785 words
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      Lock icon Ill effects of poor posture more than just physical
      1039 23  -  By Jane Brody NYT New York A DISTRAUGHT wife begged me to write about the importance of good posture. “My husband sits for many hours a day slouched over his computer,” she said. “I’ve told him repeatedly this is bad for
      NYT; PHOTO: BLOOMBERG  -  1,039 words
    • Article
      Lock icon Gonorrhoea may soon be untreatable, Britain’s top doctor warns
      494 23 WP London SALLY Davies, Britain’s chief medical officer, has reportedly written to doctors and pharmacies in Britain sounding the alarm on antibiotic resistant gonorrhoea. The sexually transmitted infection is increasingly caused by strains of Neisseria gonorrhoeae that resist antibiotic treatment. “Gonorrhoea
      WP  -  494 words
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      Lock icon Holistic or horrifying? Not everyone loves Weight Watchers’ new programme
      357 23 WP Washington HEALTHIER, happier, holistic: This is how Weight Watchers brightly describes its recently revamped weight loss and fitness programme. To which a vocal group of dieting devotees responds: “Hooey” and “horrifying” is more like it. Not to mention “humbug”.
      WP  -  357 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      282 23 CRYPTIC CROSSWORD Across 1 Sets of clothes awaiting deliveries (8) 6 Appreciate notice before sticky situation (6) 9 One’s mastered the art of eating out (6) 10 Gallery gives girl tumultuous hand (8) 11 New tune that’s invigorating (5,3) 12 Sweet thing from the Far East turned on by Greek
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  • EXECUTIVE MONEY
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      Lock icon And the rich got a little poorer
      1624 24 World’s 400 wealthiest people lost a collective US$19b in 2015, in the first annual decline for the wealth index since its debut in 2012 BLOOMBERG THE richest people on Earth became a bit poorer this year. The world’s 400 wealthiest individuals shed US$19
      BLOOMBERG; PHOTOS: BLOOMBERG, AFP, REUTERS  -  1,624 words
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      Lock icon The secret behind junk funds that made money in 2015: no heroics
      613 24 BLOOMBERG New York DON’T be a hero. That’s the strategy the most successful high-yield money managers of 2015 attribute to their success. As junk bonds tanked, defaults rose and Third Avenue Management LLC shocked the market by temporarily
      BLOOMBERG; PHOTO: REUTERS  -  613 words
    • Article
      Lock icon Israel’s biggest money managers say it’s time to buy bank stocks
      488 24 BLOOMBERG Tel Aviv ISRAEL’S biggest money managers are touting the nation’s banking shares as the cheapest valuations in a year, outweighing the threat to lenders’ profits from government efforts to boost competition in the industry. Psagot Provident Funds Pension
      BLOOMBERG  -  488 words