The Business Times, 18 January 2016

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Total Pages: 24
1 24 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Monday, January 18, 2016
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,630.76 -120.47 KL Comp 1,628.55 -29.06 Nikkei 225 17,147.11 -550.85 Hang Seng 19,520.77 -932.94 Shenzhen B 1,164.87 -86.02 Dow 15,988.08 -358.37
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  • Article, Illustration
    Lock icon DAILY DIGEST
    214 1 Keppel Land acquires a 22.4 per cent stake in 112 Katong lifestyle mall for S$51.4 million from BHG Holdings, BreadTalk Group and Perennial Real Estate Holdings. COMPANIES MARKETS 5 Global banks hand back investment quotas used to buy Chinese stocks and bonds because alternative channels for investment in
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  • Article
    Lock icon Underwhelming Q4 earnings a sign of what’s to come: analysts
    795 1  -  They warn that 2016 would be weak as well; sectors that are looking more vulnerable now include beaten-down O&M, telco and Reit By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore CORPORATE earnings season is back in full swing but the upcoming barrage
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  • Article, Illustration
    Lock icon Relevance lies at heart of proposed SGX reporting rules
    841 1  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A DESIRE for relevance lies at the heart of the Singapore Exchange’s (SGX) latest proposal to require sustainability reporting, says SGX special adviser Yeo Lian Sim. Whether relevance lies in the need to meet growing
    PHOTO: LAURA NG  -  841 words
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      172 1 8 "*****1 *****4 THE BUSINESS TIMES IWC PORTUGIESER. THE LEGEND AMONG ICONS. Portugieser Perpetual Calendar. Ref. 5034: The moon has always exercised an inexplicable power of attraction over human beings. In the case of the Portugieser Perpetual Calendar, this is more than understandable. Its fascination lies in the moon phase
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      12 1 NEW RESTAURANTS Youthful insouciance at Kite and Red Eye Smokehouse DINING OUT/23
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      26 1 TOPLINE Steering Yangzijiang to calmer waters amid rough weather COMPANIES MARKETS 6 SINGAPORE’S FUTURE ECONOMY Tapping global demand for halal products and services top stories 2
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      4 1 More reports, Page 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon The business of halal certification
      221 2 BT Explains 1,500 lambs imported from Ireland and 2,000 sheep imported from Australia for aqiqah and korban rites in Singapore in 2014 halal-certified food products in 2014 (up 32% from 2013) 27,041 Proliferating halal-certified premises* About 70% are eating establishments, About 70% are eatingestablishments, 20%
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    • Article
      Lock icon Booming halal sector opens global path for local firms
      1040 2  -  Singapore brand exceptionally well recognised; certification and consultation standards considered very high SINGAPORE’S FUTURE ECONOMY By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE is primed to ride the wave of booming global demand for halal products and services providing a good illustration
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    • Article
      Lock icon WP can move motion to fill NCMP seat: Fu
      364 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE Workers’ Party (WP) has to move a parliamentary motion if it wants to propose someone else in place of Lee Li Lian for the Non-Constituency Member of Parliament (NCMP) seat that she has declined,
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    • Article
      Lock icon R&D investment is investing in future: DPM Teo
      225 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore INVESTING in research and development (R&D) is essentially an investment in Singapore’s future. The R&D efforts that Singapore has made will bear fruit in three ways: creating economic value for the city-state, improving the lives of
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    • Article, Illustration
      Lock icon When big help may ultimately be no help
      709 2  -  Asking the government to do more is at odds with building a more nimble and creative economy COMMENTARY By Kelly Tay kellytay@sph.com.sg @KellyTayBT SINGAPORE’S business community has been sounding decidedly un-entrepreneurial of late, what with calls for greater government support and top-down
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    • Article
      Lock icon Investors want to see environmental, social and governance aspects
      683 4  -  The Business Times had exclusive access to a sustainability reporting roundtable held by the Singapore Exchange held last week SUSTAINABILITY REPORTING By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore INVESTORS increasingly want to see more than just the financials of a company, and
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    • Article
      Lock icon The case for and against sustainability reporting
      1013 4  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SUSTAINABILITY reporting may appear to be a costly burden to listed companies here, especially smaller ones. But that is a misperception since the key disclosures would likely take up 2-3 pages at most for smaller firms, proponents
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    • Article, Illustration
      Lock icon 1978: A freer market and a historic blast
      309 4  -  Currency controls, Spyros disaster, Singapore Finance hog headlines. BY KENNETH LIM S INGAPORE today prides itself on being one of the most open markets in the world where money, goods and services can flow freely. But that was not always the case.
      BT Graphics: Lynette Neo  -  309 words
    • Article
      Lock icon Odds of a bear market rising in US; earnings reports unlikely to lift spirits
      830 4  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg IT SEEMED that things couldn’t get much worse on the US stock and commodities markets until they did. While stocks could bounce this week, the odds of a bear
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      47 2 VCCIRCLE Training VALUATION AND FINANCIAL ANALYSIS WIT -A PROF. BALA DHARAN VISITING PROFESSOR HARVARD LAW SCHOOL SRIVIDYA GOPALAKRISHNAN MANAGING DIRECTOR DUFF PHELPS SINGAPORE ROY LING CHUNG YEE MANAGING DIRECTOR RL CAPITAL MANAGEMENT 21-22 Jan'16 Singapore THE Contact: training@vccircle.com or Call: +91-120-*****11 VCCIRCLT +91-********** www.training.vccircle.com a AWi Company
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      101 3 i t. > v A Our view of the world helps investors see the way i'iiiiiiiiV.v.v.v.'.-.-R mmmm m V 1 m \islininh ssssaniuiii mum Him jM m Sj'lW'lli n Mr forward. f Our investment process is anchored by our macro outlook for the global economy, financial markets, central bank policy
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      50 4 The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has been in operation. The full text of all the stories can be found online at bt.sg/bt_40
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon KepLand buys 22.4% of 112 Katong for S$51.4m
      552 5  -  Sellers of the mall are BHG, BreadTalk and Perennial By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore KEPPEL Land has acquired a 22.4 per cent stake in 112 Katong lifestyle mall for S$ 51.4 million. The acquisition of the stake in the mall from
      FILE PHOTO  -  552 words
    • Article
      Lock icon Keppel Reit sells Sydney propertyfor A$160m
      223 5  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore KEPPEL Reit will be divesting its stake in a Sydney commercial building for A$160 million (S$158 million). The sale of its 100 per cent interest in 77 King Street to ARE Noble, a wholly-owned subsidiary of Invesco Asia
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    • Article, Illustration
      Lock icon Steering Yangzijiang to calmer waters amid rough weather
      1101 6  -  Shipbuilder could gain from the current crisis engulfing the industry in China.BY TOPLINE China.BY TAN HWEE HWEE hweetan@sph.com.sg @HweetanBT AS THE Chinese saying goes, every crisis presents both danger and opportunity. For Yangzijiang Shipbuilding chairman Ren Yuanlin, the current crisis engulfing the
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    • Article
      Lock icon Lessons from Lian Beng for remuneration committees
      852 7  -  Differences in opinion on how performance bonuses of chairman and MD, and two other executive directors should be computed.BY SID BOARDROOM EEH MATTERS computed.BY WONG SU YEN T The writer is a member of the Governing Council of the Singapore Institute of Directors.
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    • Article
      Lock icon More directors buying in a weak market
      1492 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited A WEAK market has seen more directors buying: 20 companies recorded 56 purchases worth S$11.74 million based on filings on the Singapore Exchange in the second week of 2016.
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    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      64 8 STI Catalist WEEKLY Straits Times Index Jan 15,2016 2,630.76 -120.47 (-4.38%) Current streak 2 days Week high 2,708.85 Week low 2,630.76 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,630.76 (Jan 15, 2016) FTSE ST Catalist index Jan 15,2016 464.40 -23.82 (-4.88%) Current streak 5 days Week high 483.04 Week
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    • Article
      Lock icon GAINERS
      78 8 BY CENTS CLOSE UP 52w high/low JMH USD 5290 701.2 10.1 6788/4500 DBXT AUDBonds AU$ ***** 179.7 0.9 *****/***** DBXT S&P Short US$ 2295 126.7 4.0 2393/2086 JSH USD 2669 70.6 1.9 3693/2524 Hyflux 6% CPS ***** 62.0 0.6 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Moya Asia R1
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    • Article
      Lock icon LOSERS
      80 8 BY CENTS CLOSE DOWN 52w high/low IS S&P500 US$ ***** -957.5 -3.4 *****/***** SPDR S&P500 US$ ***** -849.5 -3.0 *****/***** SPDR DJIA US$ ***** -511.2 -2.1 *****/***** Lyxor ThaiSET US$ 9647 -499.6 -3.5 *****/9646 DBXT MSEurope US$ 5172 -332.6 -4.3 6300/5082 BY PERCENTAGE CLOSE DOWN 52w high/low Viking W*****5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE MFS Tech 34,858.7 0.108 +0.008 +8.00 Xinren Aluminium 25.2 0.430 +0.030 +7.50 LionGold 136,874.8 0.004 -0.001 -20.00 AIM 43.9 0.290 +0.025 +9.43 Asian Micro 1,859.0 0.009 -0.002 -18.18 Seroja Inv 102.1 0.053 +0.009 +20.46 Sakae 294.1 0.440 +0.020 +4.76 Allied Tech^ 67.0 0.010 -0.016 -61.54
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    • Article, Illustration
      Lock icon Will 2016 be a repeat of 2008?
      655 8  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WILL 2016 be a repeat of 2008? What might be the appropriate US Federal Reserve policy? After the convulsions of the past two weeks, these are the questions that observers on Wall Street are now asking. As
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    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 214 -11 224/214 271 213 6.8 5621.2 CapitaLand 307 -9 317/305 379 267 11.2 2.9 *****.9 CapitaMall Trust 192 unch 192/187.5 228 184.5 5.6 6672.5 CityDev 729 -29 763/725 1095 695 8.8
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Jan 15,2016 648.67 -20.10 (-3.01%) Current streak 2 days Week high 660.14 Week low 648.67 52-week high 845.85 (Apr 17, 2015) 52-week low 648.67 (Jan 15, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE WEEKLY
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Jan 15,2016 1,565.24 -45.51 (-2.83%) Current streak 2 days Week high 1,611.86 Week low 1,565.24 52-week high 1,949.49 (May 15, 2015) 52-week low 1,565.24 (Jan 15, 2016)
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Annica 967,410,800 Moya Asia R 891,632,200 ChinaSports 408,498,900 LionGold 331,245,200 Noble 275,194,300 Market volume 8,853,593,000 VALUE DBS Grp 538,863,988 Singtel 386,416,985 Keppel Corp 369,967,081 OCBC Bank 311,117,926 JMH USD 295,755,451 Market value 5,561,049,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 15 VALUE CLOSE BT OB/OS -1064.00 -125.00 BT CADI -*****.00 -121.00 BT 10-day MA -*****.00 -106.00 FTSE ST Mid Cap 633.71 -1.35 FTSE ST Small Cap 383.60 -1.96 FTSE ST All Share 648.67 -0.65 FTSE ST China Top 155.97 -1.27 FTSE ST China 190.58 -2.48 FTSE
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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 2 12 2 0 1 0 2 13 2 Manufacturing 36 98 17 4 22 11 40 120 28 Commerce 16 40 8 5 11 6 21 51 14 Tpt/Stor/Comms 8 31 1
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    • Article
      Lock icon SGX ETFs Most Active
      107 8 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 269 -12 5457 279/269 355/269 269/270 Nikko AM STI ETF 269 -12 1136 283/269 361/269 268/270 6.5 DBXT MSRussia US$ US146 -11 1127 155/146 235/146 145/146 IS MS INDIA US$ US634 -16 858 652/631
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    • Article
      Lock icon COMPANY MEETINGS
      144 8 COMPANY MEETING PLACE DATE TIME Asiamedic Ltd E Kent Ridge Guild House 9 Kent Ridge Drive 19-Jan 3.00pm Equation Summit Ltd E 2 Bukit Merah Central Podium Block (Lvl 3) Room P301 19-Jan 3.30pm Frasers Commercial A Alexandra Point (Lvl 2) 438 Alexandra Road 20-Jan 10.00am Frasers Centrepoint
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 152,360 15,027 167,387 516,413 3,138 519,551 Manufacturing 1,226,975 1,552,885 2,779,860 500,131 16,647 516,778 Commerce 404,426 291,066 695,492 582,120 6,553 588,673 Tpt/Stor/Comms 795,736 9,524 805,260 912,951 795 913,746 Finance 122,348 420 122,768 1,241,253 49 1,241,302 Construction
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    • Article, Illustration
      Lock icon Gold rebounds to 6-week high on China, US woes
      416 8 COMMODITIES BLOOMBERG New York GOLD gained the most in six weeks as Chinese stocks retreated into a bear market and US retail sales capped the weakest year since 2009, increasing demand for a haven. Platinum fell to a seven-year low. Bullion
      BLOOMBERG; PHOTO: BLOOMBERG  -  416 words
    • Article
      Lock icon Mid-East stocks plummet as sanctions on Iran ease
      709 9 Iran is targeting an immediate increase in oil shipments of 500,000 barrels a day: minister BLOOMBERG Dubai STOCKS across the Middle East tumbled as the easing of sanctions against Iran raised the prospect of a surge in oil supplies to a market
      BLOOMBERG  -  709 words
    • Article
      Lock icon PRIME LENDING RATES
      246 9 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia ...5.75 Bank
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      564 9 Payment Ex Rec Pay Ann (cts) date date date date Payment Ex Rec Pay Ann (cts) date date date date AIMS Property Sec Fd do 0.147 29-Dec 31-Dec 18-Mar 22-Dec Avi-Tech Electronics bh 0.700 15-Feb 17-Feb 29-Feb 27-Aug Boustead Sing dm 1.000 09-Dec 11-Dec 27-Jan 01-Dec BRC Asia
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1293 9 Consensus No. of Forecast Mean Fri’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 8.39 0.88 0.51 AIMS AMP Cap Industrial Reit 1.33 1.33 2 0.11 11.48 1.58 1.31 ARA Asset Mgt 1.25 1.25 2 0.09
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    • Article
      Lock icon US$ sags on weak data, drop in oil prices
      420 10 CURRENCIES REUTERS New York THE dollar tumbled to a near five-month low against the yen and a 2½-week trough versus the euro on Friday, hammered by a combination of poor risk appetite arising from a renewed drop in oil prices and
      REUTERS  -  420 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 10 Jan 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 9365.00 9430.00 9027.50 9100.00 *****5 *****7 Feb16 9230.00 9287.50 8890.00 8990.00 ***** ***** NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****6 *****8 Jun16 *****.00 *****.00 *****.00 *****.00 276 3839 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 10 Most active Jan 15 Prem Expiry Wk Vol Conv Exer Disc Gear- Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****9 0.2 0.*****35 1 1 100 3.00 58 FTSEChinaA50 ***** MBeCW*****8 7.6 -4.6 ***** 0.0 3 DBS MB eCW*****5 7.4 -5.3 ***** 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 10 In local curr In S$ In US$ dy yr dy yr dy yr Jan 15 Index Change Change Change Change Change Change World Preliminary 1169.0 -2.1 -8.5 -1.8 -7.3 -1.9 -8.6 EAFE Preliminary 925.0 -1.6 -8.7 -1.0 -7.4 -1.2 -8.8 Europe Preliminary 1291.1 -2.3 -8.6
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 10 Jan 15 $S Offer Bid 0vernight 0.05 Par 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.30 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.20 1.00 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 10 Jan 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.44 5-Year N*****0S 2.000 01-Jul-20 100.32 100.45 100.40 10-Year NX*****Z 2.375 01-Jun-25 99.62 99.80 99.60 15-Year NZ*****F 2.875 01-Sep-30 101.9 101.95 101.55 20-Year NZ*****V 3.375 01-Sep-33 108.68 108.70 108.30
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 10 Jan-15 Price Net change change Last Trade Agricultural Jan-15 CBOT Soybeans (US cents/bu) 879.00 -3.25 -0.36% 14/03/2016 CBOT Soybean Oil (US cents/lb) 29.65 -0.10 -0.34% 14/03/2016 CBOT Wheat (US cents/bu) 473.75 5.00 0.01% 14/03/2016 Jan-15 LIFFE Cocoa (£/tonne) 2115.00 54.00 2.62% 14/03/2016 LIFFE Coffee (US$/tonne) 1394.00 3.00 0.21%
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    • Article
      Lock icon SGX MAINBOARD
      6248 11 52<W|t Last V01 Week DIV GI'Y'ld Net M03“ High Low Comgny Sale (ODD) H|gh Low B‘VI' its P/E $111 00 ~19 IITeIe¢om ~13 20W M5 6.5 1.1 III T2‘ flln 35.2 15.2 Asomcuuro. 1.24 2: 2& 29 :5 oso 401$ 82 70 ABR .1. .173 4'1 I 73
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    • Article
      Lock icon SGX CATALIST
      336 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol (’000) 1 0.3 t Advanced Systems 0.4 unch 989 0.4 0.3 10.5 Week Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 -0.1 15
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    • Article
      Lock icon SGX ETF
      184 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 69.1 CIMB APAC Div US$ US69.1 -2.3 0 69.9 69.1 7.3 1440 991 CIMBASEAN40 S$D 1092 +7 1 1092 1078 1043 700 CIMBASEAN40 US$ US742 -18 3 747
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      112 5 600 IN ASEAN. .1 iT: V tfv/ 5 banktha ftj 5 If*' V.' V? rin T>VV xA~ o i v*, V t x. ’V. '•Nr h US *c >« ».> v ff T 4 t *c 1 v -4.;* <1 ASEAN gives us the economies of scale to deliver products
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      154 6 GS HOLDINGS LIMITED (Incorporated in Singapore on 19 September 2014) (Company Registration Number: *****7862D) GS HOLDINGS LIMITED HAS SUCCESSFULLY LISTED ON SGX CATALIST THANK YOU FOR YOUR SUPPORT SINGAPORE’S LEADING CENTRALISED CLEANING SPECIALIST FOR THE FOOD AND BEVERAGE INDUSTRY Singapore’s first and only dishware washing specialist with ISO *****: 2005
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      167 7 Account Staff A Stone Forest Company RECRUITMENT Services Specialists in Finance Accounting Executive Placements Contract Outsourcing Employment Pass Services RSM www.AccountStaff.com.sg lnfo(a)AccountStaff.com.sg T +65 6594 7946 EA Licence No.: 06C5809 The All-Time Greatest Hits Kickstart the New Year with a medley of mouthwatering delights as we bring back the all-time
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      7 7 T For more articles, go to btd.sg/BMatters
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      4 9 More reports, Page 16
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      Lock icon Page 9 Advertisements Column 2
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      111 11 i SGX Academy Sharpen your investment acumen through classroom and online courses. Singapore Exchange The "Invest Trade with Precision” course helps you develop confidence in entering the market. You will also learn strategies to improve profit targets and manage risks. Date 30 January 2016 Time :10am-5pm Venue SGX Centre, Level
      111 words
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      1377 13 mlJestpac Banking Corporation Westpac Banking Corporation and its controlled entities (All figures quoted in Australian dollars) %l#estpac Banking Corporation STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015 Balance Sheets as at 30 September Consolidated Parent Entity Capital Adequacy As of 30 September 2015, the Group Tier 1 ratio
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Constructive about US stocks
      962 14  -  Strong employment numbers, rising wages, better household balance sheets and robust consumer confidence lead to positive outlook.BY outlook.BY MATT WARD T The writer is US equities portfolio manager at Schroders THERE is little doubt that some of the biggest risks to equity markets last year depressed
      PHOTO: BLOOMBERG  -  962 words
    • Article, Illustration
      Lock icon No sign of hard landing for China
      1245 14  -  A one-off large depreciation of the yuan is preferable for China, though policymakers have opted for gradual weakening By Craig Botham T The writer is emerging markets economist at Schroders CHINA’S equity and currency markets have exhibited a great deal of weakness since
      PHOTO: REUTERS  -  1,245 words
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      113 14 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
      113 words
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  • BANKING & FINANCE
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      344 15 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 15 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF BEST BRIDAL SINGAPORE PTE. LTD. (Company No. *****5063E) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE OF HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of
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      484 15 In The Matter Of The Companies Act, Chapter 50, And In The Matter Of Eka Jaya Agencies (S) Pte Ltd (Company No. *****1627G) Statutory Declaration By Directors of Company’s Inability To Continue Business By Reason Of Its Liabilities I, Edward Yeo Say Peng of 130 Seletar Terrace, Singapore *****4 make
      484 words
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      308 15 THE BVI BUSINESS COMPANIES ACT, 2004 BRIGHT CREST INTERNATIONAL LIMITED (Company Number: *****85) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1 )(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation
      308 words
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  • ENERGY & COMMODITIES
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      Lock icon Oil glut grows and takes a toll globally
      1293 16 Shakeout will be painful for companies, countries and investors NYT Houston THE world is awash in crude oil, with enough extra produced last year to fuel all of Britain or Thailand. And the price of oil won’t stop falling until the glut
      NYT; PHOTO: : BLOOMBERG  -  1,293 words
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      Lock icon Iran set to boost oil exports once sanctions are lifted
      399 16 BLOOMBERG Dubai IRAN is beginning efforts to boost oil production and exports amid a global supply glut after the removal of sanctions that shackled its economy and capped crude sales. The Persian Gulf country is targeting an immediate increase in
      BLOOMBERG  -  399 words
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      Lock icon Belgium’s ageing nuclear plants worry neighbours
      843 16 Series of problems leads to questions in Netherlands, Germany and Luxembourg AFP Nieuw-Namen, The Netherlands AS the two cooling towers at Belgium’s Doel nuclear power belch thick white steam into a wintry sky, people over the border in the Dutch town of Nieuw-Namen are
      AFP; PHOTO: REUTERS  -  843 words
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  • TECHNOLOGY
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      Lock icon Modi launches several initiatives to support India’s startups
      569 17 These include a new 100b rupee fund and a string of tax breaks for both the firms and their investors REUTERS New Delhi INDIAN Prime Minister Narendra Modi launched a number of initiatives on Saturday to support the country’s startups, including a
      REUTERS; PHOTO: AFP  -  569 words
    • Article
      Lock icon Check Point goes from safe stock to short sell
      694 17 BLOOMBERG New York CHECK Point Software Technologies Ltd’s reputation among cybersecurity stocks rests on being a safe, if boring, investment. Now, short sellers are circling the world’s top firewall provider in anticipation of a stumble. Bearish bets against Check Point made
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      Lock icon Apple could face Europe tax bill of over US$8b
      518 17 BLOOMBERG San Francisco APPLE Inc may be facing a hefty tax bill in Europe. The world’s largest company could owe more than US$8 billion in back taxes as a result of a European Commission investigation into its tax policies, according to
      BLOOMBERG; PHOTO: REUTERS  -  518 words
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      Lock icon Tapping the power of connected data through the cloud
      1178 17  -  TTYOU SAY By Shane Owenby T The writer is Asia-Pacific managing director of Amazon Web Services (AWS) THE proliferation of connected devices is transforming the way we interact with each other and with objects around us. Even as the number of
      1,178 words
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      468 19 Whoamongthese10 finalistsisyourchoiceforTheStraitsTimes SingaporeanoftheYear2015award? This inaugural award, in partnership with UBS, seeks to honour the positive impact made by Singaporeans and celebrate the triumph of the human spirit. Darrell Ang As the first local boy to score a Grammy nomination with his debut CD recording, no less orchestra conductor Darrell Ang
      468 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China’s shift from manufacturing to services may disappoint: IIF
      742 20  -  Report suggests “China’s services sector will not be a growth engine for the world” like manufacturing has been By Anthony Rowley btworld@sph.com.sg Tokyo CHINA’S economy has slowed sharply as it shifts gears from manufacturing and exporting to a services-led model a
      742 words
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      Lock icon Tsai vows to fix economy, keep peace with China
      1058 20 BLOOMBERG Taipei PRESIDENT-ELECT Tsai Ing-wen pledged to overhaul Taiwan’s flagging economy and maintain peace with mainland China, even as she called on Communist Party leaders in Beijing to respect the island’s democracy and place in world affairs. Ms Tsai, 59, rode
      BLOOMBERG; PHOTO: REUTERS  -  1,058 words
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      Lock icon China-led AIIB to have compliance unit to oversee management
      1173 20 BLOOMBERG Beijing THE US$100 billion Asian Infrastructure Investment Bank will have a special compliance and integrity unit that will exercise oversight over the management and report directly to the board, according to Jin Liqun, the lender’s president. “There’ll be division of
      BLOOMBERG; PHOTO: REUTERS  -  1,173 words
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  • TRANSPORT
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  • Page 22 Advertisements
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      1143 22 The Business Times Monday, January 18, 2016 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) KTN SIN PG PKL JKT SUR OCEAN SEAGULL 051 60 27/1 29/1 31/1 5/2 POSITIVE PASSION 72
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      357 22 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A i n g NYK RORO (ASIA) PTE. LTD. K o n
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      244 22 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 132 TTS133 18/01/2016 19/01/2016 Tebing Tinggi/Jambi DAILY Marco Polo 118 PRW272 19/01/2016 20/01/2016 Perawang/Perawang DAILY Marco
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  • DINING OUT
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      Lock icon Bright ideas on the right track
      1051 23  -  Two new kids on the block show flair but need to keep at it to realise their potential. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANTS Kite 53 Craig Road #01-01 Tel: 9729-7988 Open for lunch and dinner Tues to Fri: 12pm to 2.30pm; 6pm
      1,051 words
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      213 23 ASIA’S LEADING LUXURY YACHTING MAGAZINE SINCE 1976 SUBSCRIBENOW! Available on Subscribe at www.asia-pacificboating.com $53.50 Value.able shares with us the right mindset which every investor should have and how we can identify the extraordinary businesses in the stock market. Most importantly, it teaches us the different valuation models for stocks valuation.
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      71 23 0BH0 www.omy.sg IB? SCAN 8 WATCH more (5) showbiz.omy.sg 74 Baby Baby Exhibition 10-12 June 2016 Singapore EXPO Hall 5 'M. 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
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      46 23 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 and Yummy Food EXPO
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      55 23 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 USEDCAR DEALERS! www.sgcarmart.com/quotz One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the
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  • LIFE & CULTURE
    • Article
      Lock icon Europe’s top soccer teams turn to US bond market for funding
      424 24 Such bonds are the most recent “esoteric” securities being sold in US securitisation markets BLOOMBERG New York EUROPEAN soccer teams are turning to the US bond market for funding that could help them buy and trade more players. London-based
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      Lock icon Industry critics rue all-white ballot in 2016 Oscar nominations
      1158 24 NYT New York IS IT the members who vote on the Oscars, the films, the campaigns behind them or something else? On Friday, the day after the Oscar nominations were announced, revealing that all 20 contenders for acting awards were white
      NYT; PHOTOS: AFP; PHOTO: NYT  -  1,158 words
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      Lock icon US issues travel advisory to Latin America on Zika virus
      763 24 Women considering becoming pregnant advised to consult doctors before travelling NYT New York FEDERAL health officials last Friday advised pregnant women to postpone travelling to 13 Latin American or Caribbean countries and Puerto Rico where mosquitoes are spreading the Zika
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  • Page 24 Miscellaneous
    • Miscellaneous
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      312 24 CRYPTIC CROSSWORD Across 1 Fish go to the bottom crossing lake (8) 6 Ending in his text suggests weapons (6) 9 Admits tenants not right from the start (6) 10 Stable studies article probing series of races (8) 11 Thorough appraisal dictates changes (4,4) 12 Out former model (6) 13
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