The Business Times, 22 January 2016

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Total Pages: 32
1 32 The Business Times
  • 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 GFriday, January 22, 2016
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  • 147 1 Barclays shuts its Asia cash-equity business, shedding more than 200 jobs in the region. TOP STORIES 2 Succession planning and professionalising the business are the key concerns of business families here. TOP STORIES 6 Keppel Corporation’s Q4 net profit falls 44.2 per cent to S$404.78 million. COMPANIES MARKETS
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  • 800 1  -  Observers say continued selldown an issue of confidence rather than sign of coming recession or financial crisis By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore ASIAN stocks took another beating on Thursday after US stocks fell on Wednesday night. Hong Kong’s Hang Seng Index fell below
    Source: Bloomberg  -  800 words
  • 776 1  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MARGIN calls are surging as the stock market stumbles, but industry insiders see little systemic risk because investors and broking houses were already battening down the hatches before the latest pullback. The Singapore
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  • 27 1 Thursday Change STI 2,532.70 -27.07 KL COMP 1,600.92 -17.91 NIKKEI 225 16,017.26 -398.93 HANG SENG 18,542.15 -344.15 SHENZHEN B 1,148.64 -26.25 DOW (10.45 EST) 15,918.54 +151.80
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  • Page 1 Advertisements
    • 86 1 8 "*****1 *****4 THE BUSINESS TIMES THE WORLD'S FIRST MASTER CHRONOMETER Proven at the industry's highest level, the OMEGA Globemaster has been rigorously tested and officially certified by the Swiss Federal Institute of Metrology (METAS). Along with exquisite design, it combines superior precision with anti-magnetic resistance of 15,000 gauss, proudly
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    • 24 1 RAIL RELIABILITY Push for 85% of commuters to rely mainly on public transport TOP STORIES 6 ART STAGE EXPANDS ITS SIGHTS BT LIFESTYLE 27
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    • 22 1 HOCK LOCK SIEW Conserve cash, don’t buy back shares COMPANIES MARKETS 8 SINGAPORE GROWTH STORY Driving force of entrepreneurs GOVERNMENT ECONOMY 23
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  • TOP STORIES
    • 552 2  -  More than 200 jobs have been shed in Asia, including some in Singapore; UK bank treads path taken by BNP, CIMB and Stanchart By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BARCLAYS’ decision to shut its Asia cash-equity business and shed
      PHOTO: BLOOMBERG  -  552 words
    • 719 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE International Monetary Fund (IMF) on Thursday signalled it has begun selecting its next managing director. While the odds appear high that Christine Lagarde will win a second five-year term, some believe rival candidates could
      PHOTO: BLOOMBERG  -  719 words
    • 678 2 VOLATILE MARKETS Madrid LAST year was the most profitable ever for short sellers, by one measure. And 2016 is starting off even better for bears. It’s no secret that betting on declines is proving profitable in
      PHOTO: AFP  -  678 words
    • 567 2 REUTERS New York THE deep selling that has been synonymous with Wall Street in the New Year became bad enough on Wednesday to start drawing in buyers, but it is still too soon to tell whether they will look brilliant or
      REUTERS  -  567 words
    • 620 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore WATERSHED developments including the formation of the Asean Economic Community, China’s launch of the Asian Infrastructure Investment Bank and the Trans-Pacific Partnership trade deal, all point towards the integration of Asian markets, which will happen on
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    • 1407 4  -  SGX sees challenging task ahead as it launches contracts for futures, swaps on Jan 25, vying with Tokyo, Shanghai SINGAPORE’S FUTURE ECONOMY By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore ALREADY considered one of the most important trading hubs for liquefied natural gas (LNG) in
      Sources: Wood Mackenzie; US Energy Information Administration  -  1,407 words
    • 633 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore BESIDES the launch of liquefied natural gas (LNG) futures, Singapore will this year see another milestone in having up to two more LNG importers appointed. And if local firms Pavilion Energy and Sembcorp Industries in the
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    • 747 6  -  Khaw: Govt aims to get there by 2050s; focus is to raise rail reliability By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore A TRANSPORT system that primarily relies on cars is not sustainable in land-scarce Singapore, Transport Minister Khaw Boon Wan
      FILE PHOTOS  -  747 words
    • 845 6  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SUCCESSION planning and professionalising the business are the key concerns of business families in Singapore, going by responses to PwC and the Singapore Chinese Chamber of Commerce and Industry’s (SCCCI) report, and questions posed to
      PHOTO: SCCCI  -  845 words
    • 406 6  -  By Grace So graceso@sph.com.sg Singapore HIRING managers in Singapore are looking towards returning overseas Singaporeans to ease the talent crunch, according to recruitment consultancy Robert Walters. Since the introduction of the Ministry of Manpower’s Fair Consideration Framework in 2014, which imposed local employment quotas, demand
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    • 650 6  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore REAL Madrid may have ended last season without a trophy to their name but they are well and truly the undisputed kings of world football when it comes to raking in the cash. The ten-time European
      Photo: Reuters  -  650 words


  • Page 4 Advertisements
    • 75 4 DIANA KRALL •frer w&r/d foup Winner of nine gold, three platinum and seven multi-platinum albums 16 17 Feb 2016 Tue Wed 8.30pm Esplanade Concert Hall Selling Fast! 'Intimately affecting and nostalgic pop-jazz" The Guardian '[Diana Krall] and her five-piece backing band showcased serious musical proficiency and flashes of quiet eccentricity."
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  • COMPANIES & MARKETS
    • 737 8  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FRASERS Centrepoint Trust (FCT), which owns a string of suburban retail malls in Singapore, has posted distribution per unit (DPU) of 2.87 Singapore cents for the first quarter ended Dec 31, 2015, up 4.4 per
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    • 365 8  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DESPITE manufacturing slowdown putting pressure on the industrial property segment in 2015, Soilbuild Business Space Reit managed to secure renewals and new leases for the bulk of leases due for expiry that year. This
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    • 874 8  -  As stocks plummet, corporates should not make big buybacks to defend their share price HOCK LOCK SIEW BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT A SIMPLISTIC distinction often made between Western and traditional Chinese medicine is that the former uses scientifically proven methods to treat disease
      874 words
    • 638 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SOUTH-EAST Asia merger and acquisition (M&A) activity this year will continue to be driven by outbound investment, given that the limited domestic opportunities will push countries to look outside of the region. Singapore will lead this
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    • 619 8  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore TWO homegrown companies StarHub and City Developments have made it to the list of top 10 most sustainable corporations in the world, making Singapore the only Asian city to have representation in the top ranks
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    • Article, Illustration
      63 10 STI Catalist Straits Times Index Jan 21,2016 2,532.70 -27.07 (-1.06%) Current streak 2 days Day high 2,601.56 Day low 2,529.01 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Jan 21,2016 446.29 unch (0.00%) Current streak 1 day Day high 449.19 Day low
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    • 637 10  -  Brokers say volatility spike, unpredictability of China market make it impossible to say when the selling may end STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER a short-covering bounce on Thursday morning that gave a mistaken semblance of stability because it added 30 points
      Source: Bloomberg  -  637 words
    • 304 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 213 -3 218/211 271 209 6.9 5594.9 CapitaLand 295 -2 304/293 379 267 10.8 3.1 ***** CapitaMall Trust 196 +1 197/194 228 184.5 5.5 6811.5 CityDev 674 -19 703/665 1095 665 8.1
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    • 33 10 VOLUME Ezra 59,087,100 MMP Resources 57,523,000 Noble 50,891,200 Annica 40,411,100 ChinaSports 36,020,300 Market volume 1,321,055,000 VALUE DBS Grp 227,088,503 Singtel 84,492,711 UOB 80,823,762 OCBC Bank 79,985,236 CapitaLand 71,794,789 Market value 1,378,302,000
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    • 77 10 Jan 21 VALUE CLOSE BT OB/OS -1007.00 +160.00 BT CADI -*****.00 -135.00 BT 10-day MA -*****.00 -101.00 FTSE ST Mid Cap 617.54 -6.67 FTSE ST Small Cap 371.63 -3.36 FTSE ST All Share 625.37 -7.07 FTSE ST China Top 148.85 -2.69 FTSE ST China 178.67 -5.30 FTSE
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    • 35 10 STI FTSE ST All-Share FTSE ST All-Share index Jan 21,2016 625.37 -7.07 (-1.12%) Current streak 2 days Day high 639.48 Day low 625.37 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 10 STI MSCI EAFE MSCI EAFE Index Jan 20,2016 1,517.92 -47.29 (-3.02%) Current streak 1 day Day high 1,567.52 Day low 1,512.38 52-week high 1,949.49 (May 15, 2015) 52-week low 1,517.92 (Jan 20, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 3 0 1 0 1 13 3 Manufacturing 32 42 31 2 11 10 34 53 41 Commerce 13 25 14 4 4 4 17 29 18 Tpt/Stor/Comms 4 26 4
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    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,561 2,159 41,720 116,771 372 117,143 Manufacturing 185,967 94,704 280,671 93,718 2,241 95,959 Commerce 77,991 17,733 95,724 107,710 473 108,183 Tpt/Stor/Comms 164,306 645 164,951 186,145 49 186,193 Finance 40,598 43 40,641 420,385 5 420,390 Construction
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    • 69 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 244.6 0.9 *****/***** Jardine C&C 3398 63.0 1.9 4258/2636 GLD US$ ***** 50.4 0.3 *****/***** IHH Healthcare 210 10.0 5.0 225/176 SGX 673 8.0 1.2 880/661 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2 100.0 0.1 0.7/0.1 Next-Gen Sat
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    • 75 10 BY CENTS CLOSE DOWN 52w high/low IS S&P500 US$ ***** -640.3 -2.4 *****/***** Lyxor Indonesia US$ 6795 -535.2 -5.2 9182/6250 DBXT MSAsExJp US$ 2772 -208.6 -5.0 4064/2772 DBXT MSKorea US$ 4629 -208.6 -3.0 6246/4478 DBXT China50 US$ 2409 -174.1 -4.8 4258/2407 BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotw*****5 0.1
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    • 81 10 VOL CLOSE($) CHANGE Infinio 1,000.1 0.002 +0.001 +100.00 China Auto Elec 6,869.0 0.080 +0.009 +12.68 Equation 15,362.5 0.003 -0.001 -25.00 Lorenzo Intl 902.9 0.020 -0.007 -25.93 Techcomp 8.0 0.235 -0.035 -12.96 MMP Resources 57,523.0 0.006 -0.002 -25.00 Next-Gen Sat 4,001.9 0.004 +0.002 +100.00 LifeBrandz 5,100.1 0.004 +0.001 +33.33
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    • BROKERS’ TAKE
      • 249 10 Jan 21 close: S$6.73 Target price: S$7.80 DBS Group Research, Jan 21 OUTLOOK for the securities and derivatives markets remains challenging. Volatility in the Chinese market, fear of a global recession, slumping oil prices and currency wars continue to weigh on sentiment. Singapore Exchange (SGX) successfully launched
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      • 203 10  -  Compiled by Kenneth Lim Jan 21 close: S$1.17 Target price: S$1.25 KG I Fraser Research, Jan 21 WE are likely to see zero rental reversions in 2016 on the back of weak Singapore CPI (consumer price index) growth. Acquisition of Kupang property is still
        203 words
    • 107 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 260 -2 1624 267/260 355/260 259/260 IS MS INDIA US$ US608 +3 495 619/607 1000/605 608/610 76 DBXT MSRussia US$ US133 -5 198 137/133 235/129 130/131 Nikko AM STI ETF 259 -3 100 265/259
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    • 418 11 CURRENCIES REUTERS London EXPECTATIONS of a steady-as-she-goes message from the European Central Bank in the face of financial market turbulence kept the euro strong against the dollar before the bank’s post-statement news conference on Thursday. With European stock markets recovering and oil prices
      REUTERS  -  418 words
    • FOREX RATES
      • Article, Illustration
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      • 471 11 Jan 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 4.532 0.632 5.385 46.880 95.888 0.804 8.359 3.018 1.072 72.257 33.022 0.991 11.599 0.691 23.272 24.971 0.486 0.689 Canada 1.000 4.534
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      • Article, Illustration
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      • 155 11 Jan 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9909 0.9919 0.6887 0.6890 Canadian dollar 0.9914 0.9922 0.6892 0.6890 Euro 1.5692 1.5705 1.0906 1.0909 NZ dollar 0.9244 0.9257 0.6425 0.6430 Sterling pound 2.0385 2.0403 1.4168 1.4173
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      • 22 11 Jan 21 S$ Bid Offer 1-month 1.4398 1.4408 2-months 1.4411 1.4422 3-months 1.4424 1.4434 6-months 1.4454 1.4465 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 389 11 Jan 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 9157.50 9405.00 8995.00 9030.00 *****8 *****1 Feb16 9030.00 9270.00 8860.00 8887.50 ***** ***** NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****7 *****0 Jun16 *****.00 *****.00 *****.00 *****.00 1547 3621 MSCI TAIWAN
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      • 202 11 Most active Jan 21 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left CSC Holdings W*****9 0.5 unch ***** 1 1 15 2.60 59 KepCorp MB eCW*****1 7.8 -0.3 ***** 0.2 600 10 UOB MB eCW*****5 7.5 0.2 9114 0.1
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      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jan 20 Index Change Change Change Change Change Change World Preliminary 1138.4 -2.9 -10.9 -2.6 -9.8 -2.9 -11.2 EAFE Preliminary 899.9 -3.3 -11.2 -2.7 -10.2 -3.0 -11.6 Europe Preliminary 1262.9 -3.3 -10.6
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    • BANK RATES
      • 154 11 Jan 21 $S Offer Bid 0vernight 0.05 0.02 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.05 US$ 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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      • 69 11 Jan 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.43 100.46 100.45 5-Year N*****0S 2.000 01-Jul-20 100.75 101.10 100.60 10-Year NX*****Z 2.375 01-Jun-25 100.28 100.60 99.95 15-Year NZ*****F 2.875 01-Sep-30 102.23 102.40 102.40 20-Year NZ*****V 3.375 01-Sep-33 109.22
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    • AGRI METALS ENERGY
      • 250 11 Jan-20 Price Net change change Last Trade Agricultural Jan-20 CBOT Soybeans (US cents/bu) 874.00 -9.50 -1.08% 14/03/2016 CBOT Soybean Oil (US cents/lb) 29.81 -0.22 -0.73% 14/03/2016 CBOT Wheat (US cents/bu) 471.50 -3.00 -0.63% 14/03/2016 Jan-20 LIFFE Cocoa (£/tonne) 2054.00 -90.00 -4.20% 14/03/2016 LIFFE Coffee (US$/tonne) 1318.00 -46.00 -3.37%
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    • 915 12  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Hong Kong DESPITE attractive valuations in emerging markets, Allianz Global Investors is still staying away, due to currency uncertainty and a lack of liquidity, said its global strategist Neil Dwane. Mr Dwane was speaking after the asset manager’s
      915 words
    • 649 12  -  Profit attributable to shareholders drops 44.2% to S$404.78m while revenue falls 36.8% By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Corporation posted a 44.2 per cent fourth-quarter decline to S$404.78 million in profit attributable to shareholders, mainly driven down by
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    • 455 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FORTUNE Real Estate Investment Trust (Fortune Reit) on Thursday reported a distribution per unit (DPU) of 46.88 Hong Kong cents (8.62 Singapore cents) for its fiscal year ended Dec 31, 2015. This was 12.5 per cent
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    • 294 12  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE outgoing chief financial officer (CFO) of City Developments Limited (CDL), Goh Ann Nee, has been appointed the new CFO of Raffles Medical Group. In a regulatory filing on Thursday, the healthcare group said the appointment will
      294 words
    • 1666 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 127 -2.5 211 129.5 127 1 8.7 806 MCap 175.5 104 ARA Asset Mgmt 105 -1 540 107 104 2.1
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    • 300 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol C000) High Day Low Div C’vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 18 -0.4 120 18.9 17.8 5.9 2.9
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    • 144 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2407 DBXT China50 US$ US2409 -121 15 2486 2407 6.6 409 192 DBXT MSBrazil US$ US193 30 193 192 1750 1027 DBXT MSCHINA US$ US1027 -17
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  • Page 9 Advertisements
    • 2667 9 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) FULL YEAR 2015 FINANCIAL STATEMENTS DIVIDEND ANNOUNCEMENT 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2015 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the fourth quarter and the
      2,667 words



  • Page 12 Advertisements
    • 446 12 Whoamongthese10 finalistsisyourchoiceforTheStraitsTimes SingaporeanoftheYear2015award? Thisinauguralaward,inpartnershipwithUBS,seekstohonourthepositiveimpact madebySingaporeansandcelebratethetriumphofthehumanspirit. Darrell Ang As the first local boy to score a Grammy nomination with his debut CD recording, no less orchestra conductor Darrell Ang is flying the Singapore flag high on the global music scene. Edwin Seah, Kavickumar Muruganathan the SEC team While forests burned and
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  • Page 13 Advertisements
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  • BANKING & FINANCE
    • 493 14  -  Leaked BSN internal memo orders stricter vetting of creditworthiness of applicants from beleaguered sector By Pauline Ng btworld@sph.com.sg Kuala Lumpur SPARE a thought for oil-and-gas (O&G) employees in these tumultuous times facing: minimal bonuses (if any); job cuts; and, now,
      493 words
    • 744 14 To achieve that goal, they will have to cut costs even deeper than last year, when they also shed 20,000 jobs BLOOMBERG New York WALL Street banks just eked out their most profitable year since before the financial crisis by slashing budgets.
      BLOOMBERG; PHOTO: BLOOMBERG  -  744 words
    • 619 14 BLOOMBERG Washington BANK of China Ltd must boost its money-laundering protections in the US in response to a regulator’s enforcement action that cited deficiencies involving one of the world’s biggest lenders. The yet-to-be-disclosed case was brought by the US Office of
      BLOOMBERG  -  619 words
    • 745 14 BLOOMBERG London THE global financial turmoil has seen developing nations coping with weaker foreign exchange rates. This year’s best-performing currencies may prove equally irksome for those central bankers. The euro and yen are beating all their major counterparts because
      BLOOMBERG  -  745 words
    • 428 14 BLOOMBERG Hong Kong HONG Kong Exchanges Clearing Ltd (HKEx) plans to expand links with China over the next three years, including starting a system for mainland investors to take part in the city’s initial public offerings. “Our vision is focused
      BLOOMBERG; PHOTO: REUTERS  -  428 words

  • ENERGY & COMMODITIES
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    • 531 15 THE COMPANIES ACT (CHAPTER 50) THE COMPANIES REGULATIONS SECTION 227K/REGULATION 40(1) NOTICE OF JUDICIAL MANAGEMENT ORDER FOR PUBLICATION IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Name of Company MERCATOR LINES (SINGAPORE) LIMITED (UNDER JUDICIAL MANAGEMENT) Company No *****7205N Notice is hereby given that on 18 th day of
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    • 237 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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    • 652 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BOON LAY RAJA RESTAURANT PTE LTD (In Members’ Voluntary Liquidation) Registration No.: *****0013D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held at 809 French Road #05-168 Singapore *****9 on
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    • 619 15 In the Matter of The Companies Act, Cap. 50 and In the Matter of MARINE WEATHER SERVICES PTE. LTD. (In Member's Voluntary Liquidation) (Company Registration No. *****0825H) ("the Company") On 18 January 2016, the Resolutions set out below were duly passed at the Extraordinary Genera Meeting of the abovenamed Company
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    • 1004 15 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LEHMAN BROTHERS ASIA PACIFIC (SINGAPORE) PTE. LTD. (In Creditors’ Voluntary Liquidation) (Company Reg. No: *****3770C) NOTICE OF DIVIDEND Lehman Brothers Asia Pacific (Singapore) Pte. Ltd. (In Creditors’ Voluntary Liquidation) 16 Raffles Quay #22-00 Hong Leong Building
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  • TECHNOLOGY
    • 1117 16 They can go much deeper than Google or Facebook in their data-gathering prowess WP Washington MOST of us know, at least in the abstract, that Google and Facebook are tracking our every move online. Even Netflix collects detailed information
      WP; PHOTO: REUTERS  -  1,117 words
    • 624 16 BLOOMBERG New York WANT to watch Cats in HD on YouTube, with no buffering or disruption, free, while walking the streets of New York? If you’re strolling a four-block sliver of Manhattan’s Third Avenue, you can, thanks to CityBridge, a consortium
      BLOOMBERG  -  624 words
    • 575 16 BLOOMBERG New York IBM fell to the lowest price in more than five years on Wednesday after its 2016 profit forecast fell short, underscoring the company’s struggle to offset a persistent decline in its traditional hardware, software and technology services
      BLOOMBERG  -  575 words
    • 447 16 NYT Silicon Valley THE unicorn wars are coming, as the downturn in the market will force these one-time high-fliers to seek money at valuations below their earlier billion-dollar-plus levels, known as “down rounds”. The biggest battle in the down rounds will be between the
      NYT  -  447 words
  • Page 16 Advertisements
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    • 26 16 > m V wrm a SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES jun 14/myj
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  • REAL ESTATE
    • 974 19  -  Meanwhile, 3,573 real estate agents quit in the past year amid falling transactions and rising compliance costs By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AS A sign of the current market conditions, a total of 104 property agencies and 3,573 real estate agents left
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    • 648 19 BLOOMBERG Singapore SINGAPORE’S office landlords are among the world’s most luckless right now, and they have builders to blame. The market already has an empty feel to it, and as developers add more space in a slowing economy, property owners’ misery could keep
      BLOOMBERG; FILE PHOTO  -  648 words
    • 308 19 REUTERS Singapore FOREIGNERS including the Chinese have cut their purchases of Singapore private homes to the lowest since the global financial crisis, leaving the market to depend on local buyers at a time when domestic interest rates are on
      REUTERS  -  308 words
    • 307 19 BLOOMBERG London UK house-price growth maintained momentum in December as a shortage of properties for sale provided support and buyers tried to beat a planned tax increase later this year. The Royal Institution of Chartered Surveyors said on
      BLOOMBERG; PHOTO: BLOOMBERG  -  307 words
    • 207 19 REUTERS Hong Kong CHINESE property developer Kaisa Group said on Thursday a debt restructuring plan proposed last week by bondholders including Farallon Capital and BFAM Partners was “not commercially viable in the current environment”. The heavily indebted Shen-zhen-based company said in a
      REUTERS  -  207 words
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    • 1107 20 D01 APARTMENT FOR AUCTION PEOPLE’S PARK COMPLEX Bank Sale 28/1 (Thu). #16-813. 3 bdrm, approx 1119 sqft, unblock, windy, CBD, Chinatown/ Outram/ Telok Ayer MRT, shops eateries. 99 yrs wef 1968. Don’t Miss! JLL *****866. D04 APARTMENT FOR AUCTION TURQUOISE SENTOSA Bank Auction 17 Feb (Wed). Turquoise Sentosa, #04-09. Approx
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  • VEHICLES & LIFESTYLE
    • 571 21 Study shows big differences in how people respond to same food AGENCE FRANCE-PRESSE MIAMI A healthy food for one person may lead another to gain weight, according to a new study that suggests a one-size-fits-all approach to dieting is fundamentally wrong. For instance, one woman in
      AGENCE FRANCE-PRESSE; Photo: Stock image  -  571 words
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    • 203 21 BMW FOR SALE BMW M3 VINCAR NEW BMW M3, High Option. 20% deposit. Monthly from $3,303 x 120. Sales Lease. 5 years warranty free maintenance. Call 9749 1119. MERCEDES FOR SALE MERCEDES BENZ S500L AMG VINCAR NEW S500L AMG. 20% deposit. Monthly from $5,755 x 96. Sales Lease. 5 years
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    • 244 22 INVEST IN YOUR FUTURE TODAY, BUY A PROPERTY! Enjoy cash rebate SGD 1,888* *Limited to first 5 purchases. Terms Condi~ons apply. FREE ADMISSION TO SHOWCASE Time: 11.00am to 5.00pm Registration starts at 10.30am Date: Saturday Sunday 23 24 January 2016 Venue: SPH News Centre Auditorium 1000 Toa Payoh North Singapore
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  • GOVERNMENT & ECONOMY
    • 626 23  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore TO stay competitive in the next 50 years, Singapore will need more entrepreneurs, even if a staggering 95 per cent of them will fail, said former NUS (National University of Singapore) president
      PHOTO: LAURA NG  -  626 words
    • 777 23 It holds interest rates steady amid market volatility but economists expect action in March REUTERS Frankfurt THE European Central Bank held interest rates at record lows on Thursday, but the market crash, tumbling bank stocks and ebbing inflation may set the stage for
      REUTERS; PHOTO: REUTERS  -  777 words
    • 448 23  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S central bank has cut the statutory reserve requirement (SRR) ratio of banks to 3.5 per cent from 4 per cent with effect from Feb 1 to address a liquidity crunch in the financial system following capital
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    • 682 23 REUTERS London A RISE in the number of banks giving up primary dealer roles in European government bond markets threatens to further reduce liquidity and eventually make it more expensive for some countries to borrow money. Increased regulation and lower margins have
      REUTERS  -  682 words

  • OPINION
    • 764 24  -  THE BOTTOM LINE By Neil Behrmann London IT is depressing that almost all economists ignore health and well-being when they analyse economies. Instead of just growth, inflation, and monetary and fiscal policy, they should monitor the social gradient. This is basically the
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    • 561 24 EDITORIAL US President Barack Obama is into the final leg of his eight-year term, and the leader of the world’s largest economy intends to do what many of his recent predecessors did in their remaining months at the helm get on his
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    • 1365 24  -  Obama’s nuanced diplomatic message is not winning the hearts and minds of Americans By Leon Hadar ON the eve of the Republican presidential debate in Charleston, South Carolina, on Jan 13, the video images of 10 US sailors seized by Iran were broadcast for the
      PHOTO: REUTERS  -  1,365 words
    • 1049 25  -  COMMENTARY By G Panicker T The writer is a former BT journalist with a particular focus on energy and climate-change issues BARRING occasional expressions of hope, there is agreement that oil prices are racing to the bottom. You may pick a number
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    • 801 25  -  By Bala Shankar T The writer is a Singapore-based consultant WHAT does a combination of a massive under-30 population and a surge in connectivity lead to? An unimaginable explosion of digital opportunities. India is in the midst of the beginning
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    • 1075 25  -  Optimising digital skills and technologies could generate US$2t of additional global economic output by 2020. BY ALISON KENNEDY 2020.BY ALISON KENNEDY T The writer is managing director, Asean, at Accenture Strategy THE digital economy is bigger than you think. Much bigger. Some call it the
      PHOTO: REUTERS  -  1,075 words


  • Page 26 Advertisements
    • 1137 26 THE BUSINESS TIMES Shipping times 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 72 100 29/1
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    • 374 26 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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    • 495 26 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN OBERON FF605 15/01 17/01 19/01 24/01 31/01 TAMERLANE FF606 18/01 22/01 24/01 26/01 30/01 06/02 SALOME FF607 30/01 03/02 05/02 07/02 11/02
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    • 244 26 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 298 PRW044 23/01/2016 24/01/2016 Perawang/Perawang DAILY Marco Polo 262 PRW052 23/01/2016 24/01/2016 Pelindo/Perawang DAILY Marco Polo
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  • BT Lifestyle
    • 1451 27  -  The anchor event of Singapore Art Week returns with an extended focus on South-east Asian art even as a new rival fair joins the fray. BT Lifestyle looks at the art fight in this two-page coverage. By Cheah Ui-Hoon uihoon@sph.com.sg IT MAY have been all
      PHOTOS: JOSEPH NAIR  -  1,451 words
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  • COVER STORY
    • 916 28  -  Despite being snubbed by the Singapore Art Week guidebook, the Singapore Contemporary Art Show looks promising. BY HELMI YUSOF promising.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT IF you don’t have a competitor in life, then everything is just too easy, says Douwe Cramer,
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    • 98 28 Gu Wenda’s stunning installation of stones with Chinese characters carved into them, next to Asian Civilisations Museum one of several outdoor artworks on display for Singapore Art Week. PHOTO: HELMI YUSOF PHOTO: HELMI YUSOF (Clockwise from top left) M Fadhlil Abdi’s hyper-realistic painting of Lee
      PHOTO: HELMI YUSOF; PHOTOS: ART XCHANGE GALLERY, HELMI YUSOF, JOSEPH NAIR  -  98 words
    • 682 28  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT IF some museums have an uncanny ability to induce a simultaneous melancholy for and joyful discovery of the past, then perhaps no section in the new National Gallery Singapore does this better than its Concourse Galleries that were
      PHOTO: HELMI YUSOF  -  682 words

  • CINEMA
    • 663 29  -  The Big Short depicts the events that led to the moment in 2008 when the US sub-prime mortgage market’s collapse triggered a crisis. BY GEOFFREY EU BY GEOFFREY EU THE Big Short takes a seriously complex real-world subject and turns it into an Economics 101
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    • 601 29  -  By Geoffrey Eu TWO bounty hunters take refuge in a remote cabin in Wyoming, where assorted gunslingers and ornery outlaws are also holed up. Deep conversation breaks out. Welcome to The Hateful Eight, Quentin Tarantino’s shag-gy-dog tale set in the Old West,
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    • 568 29  -  By Geoffrey Eu SOMETHING is rotten in the archdiocese of Boston, but uncovering a dirty truth involving the Roman Catholic Church an institution that embodies the religious beliefs of the local population while also playing an integral part in their daily lives is
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    • 77 29 AN EVENING WITH TOM JONES LIVE m 8 tv» I IP. 31 MAR 2016,8PM THE STAR THEATRE S$88, S$ 128, S$ 168, S$ 188, S$208 Booking fee applies WWW.sistic.COm.Sg Hotline: +65 6348-5555 Also available at all Sistic outlets A lTve nnTion LI SHINGTON EVENT GOLD 905 LIVENATIONLUSHINGTON.NET TOMJONES.COM O LiveNationLushingtonSG
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  • WINE/ARTS
    • 1158 30  -  Examples of such wines abound and they are just as enjoyable as the more expensive ones. BY NK YONG ones.BY NK YONG IN light of the sombre economic situation, it seems timely to take a good look at the world of inexpensive and good wines available
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    • 950 30  -  He has gone from couture to forming intricate compositions of art. But the use of fabric is the common thread throughout the oeuvre of Benny Ong. BY MAY YIP BY MAY YIP BEST known for dressing royalty specifically the late Princess Diana Singaporean artist-designer Benny Ong has,
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    • 136 30 201 T IMUITS-S T -GEORGES Wein&Vin Your German and French Specialist Wein Vin is a wholesale wine merchant that specialises in German and French wines. Don't miss out on our award-winning and famous wines at our Lunar New Year SALE! Red 1. Rhone by $30 Roger Sabon 2014 (rrp: $35)
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  • Page 30 Miscellaneous
    • 343 30 winesCRYPTIC CROSSWORD Across 1 Delivery man who may darken your doorway tonight (5-6) 9 World-weariness that is holding a French knight back (5) 10 In our time, military is deployed after one’s left naval department (9) 11 Quiet resort hit by rumour of zoo animal from China (4-3) 12 15
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  • CITY LIFE
    • 846 31  -  The Night Safari’s newly launched An Evening in the Wild offers guests a lavish experience in a rustic environment. BY AVANTI NIM environment.BY AVANTI NIM avantin@sph.com.sg THE Night Safari is putting a whole new spin to the term “creature comforts”. People looking to satisfy their quest
      PHOTOS: WILDLIFE RESERVES SINGAPORE  -  846 words
    • CITY BUZZ BT writers' picks of what to see, do or talk about
      • Article, Illustration
        274 31  -  TWICE THE PASSIONE DINING By Tay Suan Chiang CHEFS Marco Guccio of Zafferano and Theo Penati from the one Miche-lin-stared Pierino Penati Restaurant in Vigano, Italy, couldn’t be more similar. Both chefs fell in love with the kitchen from an early age, through the influence of family members. Chef
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      • 135 31  -  THEATRE By Helmi Yusof AUSTRALIAN-BORN, Singapore-based writer-di-rector-actress Edith Podesta (right) examines one of the most complex words in the English language “*****”. It is often used in a derogatory, violent and/or sexual way, but it carries a wealth of other
        135 words
      • 131 31  -  EXHIBITION By and disaster. Tay Suan Chiang RIZIBË is a self-taught artist based in Singapore whose visual storytelling blurs the lines between memory and fiction. Enthralled by South-east Asia’s mystique, his work riffs on eastern philosophy and conjures up a world where comedy meets tragedy, tak- tragedy,
        131 words
      • 230 31  -  CINEMA By Dylan Tan SHAW opened its ninth cinema this week at Waterway Point in Punggol. With 11 screens including a digital Imax theatre it’s the local exhibitor’s biggest in a suburban location and its fourth in six years in the heartlands after
        230 words
      • 158 31  -  SHORT FILMS By Rachel Loi SKIP that Oscar-nominated movie screening this weekend, and make an alternative movie date under the stars at Lasalle College of the Arts instead, with Spirits of cinema a curated screening of eight short films by Singapore
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    • 117 32 Vorsprung durch Technik Take The aLL-new Audi A4 Everything you have always wanted in a luxury marque is now here. From the revolutionary Matrix LED headlights to the intuitive MMI Touch and smartphone interface with Apple CarPlay®, the all-new Audi A4 is nothing short of stellar. And with the optional
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