The Business Times, 8 February 2016
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2016-02-08
1
36
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section13 2016-02-08 1 THE BUSINESS TIMES www. usinesstimes.com.sg MONDAY, FEBRUARY 8, 2016 S$1.00 MCI (P) 039/08/201513 words
-
Article, Illustration606 2016-02-08 1 Melissa Tan - At least 31 profit warnings posted by S’pore-listed companies since the start of the year By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THIS is not the red investors are looking for in the lead-up to Chinese New Year, there have been so many profit warningsPHOTO: ARTHUR LEE - 606 words
-
695 2016-02-08 1 Grace So - By Grace So graceso@sph.com.sg Singapore WITH the arrival of Chinese New Year (CNY), Marina Bay Sands (MBS) and Resorts World Sentosa (RWS) are ready to usher in one of the busiest periods of the year for the two integrated resorts (IRs). The695 words
-
Page 1 Advertisements
-
Advertisement210 2016-02-08 1 TUDOR “onS 9 'ii B? 7 ’IC/ 9 7'./ SB Partner '•#sg£ BLACK SHIELD Wv&SBS&K Self-winding mechanical movement, waterproof to 150 m, 42 mm case and bezel, both in high-technology ceramic. Visit tudorwatch.com and explore more. Exclusively available at: Tudor Boutique Swiss Watch Gallery: J31 -88/89 The Shoppes at Marina210 words
-
Advertisement7 2016-02-08 1 TSMP eyes high-end litigation, arbitration 10 TOPLINE7 words
-
Advertisement7 2016-02-08 1 CNY SOAPBOX No monkey business, please 57 words
-
Advertisement30 2016-02-08 1 FESTIVE FEASTING CNY essentials see drop in prices this year 4 There will be no BT tomorrow. Publication will resume on Wednesday. BT wishes readers a Happy Chinese New Year.30 words
-
-
TOP STORIES
-
Article, Illustration1012 2016-02-08 2 Rob Curran - Economy faces struggle amid rock-bottom oil prices and sky-high US dollar valuation WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg FRIDAY’S jobs report dragged down stocks for another weekly loss and hinted that the US economic expansion and bull market may bePHOTO: AFP - 1,012 words
-
Article, Illustration485 2016-02-08 3 Vivien Shiao Shufen - UK replaces China in top three; relocations to European countries rise: Cartus survey By Vivien Shiao Shufen vshiao@sph.com.sg @VivienShiaoBT Singapore THE top three countries that Singapore employees were relocated to last year were the United States, Hong KongSource: Cartus - 485 words
-
Article, Illustration792 2016-02-08 4 Grace So - This year’s drop in The Business Times Fa Cai Index is driven mostly by a steep fall in abalone prices By Grace So graceso@sph.com.sg Singapore ALTHOUGH they have risen steadily over the past six years, Chinese New Year (CNY) food prices havePHOTO: ARTHUR LEE; Source: Compiled by BT from Bloomberg, retailers, Straits Times newspaper ads - 792 words
-
Article, Illustration750 2016-02-08 5 Kelly Tay - CNY SOAPBOX By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THEY’VE been popularised as emojis with the advent of smartphones, but where do the three wise monkeys who exhort us to see no evil, speak no evil, and hear no evil come from? In the Year of the750 words
-
619 2016-02-08 5 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore FEBRUARY is turning out to be a pretty good month for DBS Bank staff. They got their salaries credited on Li Chun, an auspicious day this month, and can expect reasonably good bonuses to be paid619 words
-
Article, Illustration993 2016-02-08 6 Pauline Ng - The economy and ringgit’s performance will be instrumental to how PM Najib rides out the year By Pauline Ng btworld@sph.com.sg Kuala Lumpur THIS Chinese new year is the Year of the Fire Monkey and if fortune-tellers and soothsayersPHOTO: ARTHUR LEE - 993 words
-
Article, Illustration732 2016-02-08 7 Anthony Rowley - As a result, people increasingly feel that democracy is not working in their favour By Anthony Rowley btworld@sph.com.sg Tokyo MONEY is having too much influence on politics in many of the world's economically-advanced nations, the Organisation forSPH FILE PHOTO; PHOTO: BLOOMBERG - 732 words
-
-
Page 3 Advertisements
-
Advertisement17 2016-02-08 3 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices17 words
-
-
Page 7 Advertisements
-
Advertisement28 2016-02-08 7 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 998828 words
-
-
FOCUS
-
Article, Illustration722 2016-02-08 8 / 9 Arthur Lee - This Chinese New Year, we see the festivities through the eyes of a novice photojournalist and a veteran. What CNY means to us is portrayed in the kinds of people, decor and scenes we choose to photograph. By Arthur Lee IT’S thePHOTOS BY ARTHUR LEE AND LAURA NG - 722 words
-
-
COMPANIES & MARKETS
-
Article, Illustration1049 2016-02-08 10 Claire Huang - TSMP eyes high-end litigation and arbitration as S’pore positions itself as dispute resolution hub. TOPLINE By Claire Huang huangjy@sph.com.sg @ClaireHuangBT WITH a pedigree like TSMP’s, one could be forgiven for wondering why the law firm is left on the shelf1,049 words
-
Article, Illustration809 2016-02-08 11 Neil Behrmann - Recent tumble raises its long-term prospects, according to CAPE analysis By Neil Behrmann btworld@sph.com.sg London SINGAPORE is relatively undervalued compared with other global stock markets, despite present vicious short term gyrations. Researching global cyclically adjusted price earnings (CAPE) ratios, Norbert Keimling, head of Capital MarketPHOTO: REUTERS - 809 words
-
1812 2016-02-08 12 Robert Halili - Buyback activity plunges for second straight week as construction and property plays dominate the trading INSIDE MARKETS By Robert Halili ~The writer is managing director, Asia Insider Limited THE buying was low for the second straight week with 10 companies recording 23 purchases1,812 words
-
Article193 2016-02-08 13 Feb-5 Price Net change change Last Trade Agricultural Feb-5 CBOT Soybeans (US cents/bu) 867.50 -7.00 -0.80% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.23 -0.01 -0.03% 14/03/2016 CBOT Wheat (US cents/bu) 466.75 -6.00 -1.27% 14/03/2016 Feb-5 LIFFE Cocoa (£/tonne) 1990.00 21.00 1.07% 14/03/2016 LIFFE Coffee (US$/tonne) 1427.00 -8.00 -0.56%193 words
-
Article57 2016-02-08 13 Feb 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 16 2490.0 2497.0 2520.0 2478.0 403 3116 Mar 16 2493.0 2523.0 2547.0 2493.0 3017 ***** Apr 16 2540.0 2580.0 2604.0 2534.0 ***** ***** May 16 2528.0 2571.057 words
-
Article67 2016-02-08 13 Feb 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.54 100.55 100.55 5-Year NX*****X 2.250 01-Jun-21 102.07 102.18 102.05 10-Year NX*****Z 2.375 01-Jun-25 101.82 101.95 101.88 15-Year NZ*****F 2.875 01-Sep-30 103.82 20-Year NZ*****V 3.375 01-Sep-33 110.77 110.90 110.8067 words
-
Article155 2016-02-08 13 Feb 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0030 1.0038 0.7176 0.7181 Canadian dollar 1.0172 1.0178 0.7281 0.7278 Euro 1.5649 1.5656 1.1196 1.1200 NZ dollar 0.9356 0.9363 0.6694 0.6698 Sterling pound 2.0306 2.0317 1.4528 1.4534155 words
-
Article, Illustration109 2016-02-08 13 Straits Times Index Source: Bloomberg YTD change: -9.00% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: -11.98% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,542.15 on Jan 21,2016 Source: Bloomberg Shanghai Stock Exchange CompositeSource: Bloomberg - 109 words
-
206 2016-02-08 13 Most active Feb 5 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Secura Group W*****5 2.4 0.1 ***** 1 35 66 9.38 35 DBS MB eCW*****4 15 1 6420 0.1 1360 8 KepCorp MB eCW*****1 7.4 0.3 6331 0.2206 words
-
377 2016-02-08 13 In local curr In S$ In US$ dy yr dy yr dy yr Feb 5 Index Change Change Change Change Change Change World Preliminary 1167.3 -1.4 -8.6 -0.8 -9.1 -1.5 -8.3 EAFE Preliminary 915.6 -0.8 -9.6 -0.4 -9.6 -1.1 -8.7 Europe Preliminary 1282.5 -0.8 -9.2377 words
-
-
Page 11 Advertisements
-
Advertisement227 2016-02-08 11 Continue to enjoy your news on the 2nd Day ofLunar New Year 9 2016 o o The New Paper, Shin Min Daily News and Lianhe Wanbao are available at selected 7-Eleven, Cheers and petrol stations. Also available at all Buzz convenience stores: BUS INTERCHANGE: Bishan Boon Lay Bukit Batok Bukit227 words
-
-
REAL ESTATE
-
807 2016-02-08 14 Noah Smith - The only good reason to buy a house is if you really want to own your dwelling By Noah Smith The writer is an assistant professor of finance at Stony Brook University and a freelance writer for finance and businessBloomberg - 807 words
-
Article, Illustration493 2016-02-08 14 Investment from Canada quadruples to hit record in 2015 Reuters Montreal CANADIAN investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted forReuters; PHOTO: BLOOMBERG - 493 words
-
Article, Illustration994 2016-02-08 15 FHA loans have become cheaper after insurance premiums were cut last year, giving a lift to US home ownership rate Bloomberg Boston ERIN Maude returned to homeownership in December, three years after losing her condo in the US foreclosureBloomberg; PHOTO: BLOOMBERG - 994 words
-
-
BT-CITIBANK YOUNG INVESTORS' FORUM
-
Article, Illustration699 2016-02-08 16 Eric Balchunas - Beyond the widely traded SPDR Gold Shares, there are a clutch of other gold exchange-traded funds for the paranoid By Eric Balchunas Eric Balchunas is an exchange-traded-fund analyst at Bloomberg YOU can learn a lot about an investor from whether they invest in gold, andfunds.PHOTO: BLOOMBERG - 699 words
-
Article, Illustration523 2016-02-08 17 Two out of three RMB exchange rate indices were slightly above 100 showing stability against other currencies ON Jan 29, 2016, the China Foreign Exchange Trade System (CFETS) RMB (renminbi) exchange rate index closed at 100.15, depreciating 0.78 per cent from the endPHOTO: REUTERS - 523 words
-
574 2016-02-08 17 Suzanne Woolley - By Suzanne Woolley Bloomberg KEEP your spending mindful and your savings mindless. That’s one key bit of financial advice for millennials from Karen Carr, a 27-year-old certified financial planner with Society of Grownups, a personal finance education and planning company based in Brookline,Bloomberg - 574 words
-
-
Page 16 Advertisements
-
Advertisement105 2016-02-08 16 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 to105 words
-
-
BANKING & FINANCE
-
Article, Illustration708 2016-02-08 18 Relatively stable currency and restrained inflation are seen as pluses Reuters Singapore INDONESIA’S bond market is drawing a rush of foreign capital as a rare combination of the country’s high yields, low inflation and a stable currency promises growth-starved globalReuters; PHOTO: REUTERS - 708 words
-
738 2016-02-08 18 Bloomberg Seoul ASHLEY Park, a 45-year-old South Korean teacher, says a completed questionnaire and a 90-minute interview weren’t enough to get the message across to her bank that she wanted a safe investment. She ended up losing 30 perBloomberg - 738 words
-
Article, Illustration923 2016-02-08 19 They bet that low interest rates, lagging returns and tough rules will propel mergers Reuters New York ACTIVIST investors are putting the US banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate consolidation among lenders. While these activist hedgeReuters; PHOTO: BLOOMBERG - 923 words
-
460 2016-02-08 19 Bloomberg New York BANKS are watching wealthy clients flirt with robo-advisers, and that’s one reason the lenders are racing to release their own versions of the automated investing technology this year, according to a consultant. Millennials and small investors aren’tBloomberg - 460 words
-
-
ENERGY & COMMODITIES
-
813 2016-02-08 20 Increased volatility in spreads is expected to intensify price war among producers as they compete for market share Bloomberg Singapore THE oil tanker Tofteviken is set to sail from the UK this month carrying the first shipment of North Sea Ekofisk crude toBloomberg - 813 words
-
Article, Illustration527 2016-02-08 20 Reuters Beijing CHINESE officials have issued warnings to seed dealers and farmers not to use unapproved genetically modified (GM) seeds in the country’s main crop belt, shortly after Greenpeace said it had found widespread GM contamination in corn.Reuters; PHOTO: REUTERS - 527 words
-
-
TECHNOLOGY
-
586 2016-02-08 21 Google, Facebook likely to be the first targets in any regulatory crackdown Reuters Frankfurt THE free flow of data across the Atlantic, the lifeblood of modern business dealings, faces an uncertain future, despite a belated, high-level deal between European and USReuters - 586 words
-
967 2016-02-08 21 Andrew Seow - IT SAY By Andrew Seow ~The writer is Rockwell Collins’ Regional Director, Global Airports, Asia Pacific, Information Management Services ACCORDING to the International Air Transport Association (IATA), aviation industry revenue has doubled over the past decade, from US$369 billion in 2004 to967 words
-
-
CONSUMER
-
Article, Illustration1052 2016-02-08 22 Tycoon Sumner Redstone takes centrestage in epic fight for money, power and love NYT New York WITH the ailing 92-year-old Sumner Redstone in his final act as a media titan, the two rivals jousting over the future of his US$40NYT; PHOTOS: NYT - 1,052 words
-
-
GOVERNMENT & ECONOMY
-
Article, Illustration880 2016-02-08 23 Anthony Rowley - Entry of Taiwan group into bidding for control of Sharp points to major changes in Japan’s electronics sector By Anthony Rowley btworld@sph.com.sg Tokyo NEGOTIATIONS seen as critical to the future of Japan’s Sharp Corporation and of the country’s ailing electronics industry paused withPHOTO: BLOOMBERG - 880 words
-
Article, Illustration447 2016-02-08 24 Policymakers fighting to hold up weakening yuan have been burning through stockpile Bloomberg Beijing CHINA’S foreign-exchange reserves shrank to the smallest since 2012, indicating that the central bank sold US dollars as the yuan’s drop to a five-year low exacerbatedBloomberg; PHOTO: BLOOMBERG - 447 words
-
373 2016-02-08 24 Reuters Bloomberg Beijing CHINA will fine-tune monetary policy and keep the yuan basically stable while guarding against systemic financial risks, the country’s central bank said on Saturday in its fourth-quarter monetary policy report. China will also maintain an appropriate level ofReuters; Bloomberg - 373 words
-
Article, Illustration700 2016-02-08 25 New cohort of investors is more open to opportunities to make money using futures and options products Reuters Beijing A NEW breed of small investor is riding China’s roller coaster stock markets, looking for a quick buck and thriving on the volatility that has sentReuters; PHOTO: REUTERS - 700 words
-
501 2016-02-08 25 Reuters Seoul NORTH Korea launched a long-range rocket on Sunday carrying what it has called a satellite, but its neighbours and Washington denounced the launch as a missile test, conducted in defiance of UN sanctions and just weeks after aReuters - 501 words
-
Article, Illustration457 2016-02-08 26 Tax-reform package policies should be those boosting growth, employment: Aussie PM Bloomberg Hong Kong AUSTRALIAN Prime Minister Malcolm Turnbull said he’s yet to be convinced of the benefits of increasing the goods and services tax (GST) unless it boosts economic growth andBloomberg; PHOTO: AFP - 457 words
-
Article, Illustration592 2016-02-08 26 AFP Ottawa ONE hundred days after Justin Trudeau’s Liberal government was sworn in, the still-popular Canadian Prime Minister faces mounting criticism, against the backdrop of a floundering economy and terror fears. The 44-year-old Mr Trudeau a former schoolteacher and the son ofAFP; PHOTO: REUTERS - 592 words
-
Article, Illustration569 2016-02-08 27 Govt proposes a US$6.5b payment to holders of defaulted bonds to settle the legal battle Reuters Buenos Aires INVESTORS on Saturday praised the speed with which new Argentine President Mauricio Macri made a cash offer to holders of defaulted bonds aimed at endingReuters; PHOTO: REUTERS - 569 words
-
Article, Illustration757 2016-02-08 27 But detractors say unusual online campaign by official cyber unit is unlikely to work Reuters Kuala Lumpur DIGITALLY savvy Malaysian police have been taking to social media to issue warnings to critics of scandal-hit Prime Minister Najib Razak in an unusual onlineReuters - 757 words
-
Article, Illustration1215 2016-02-08 28 They’ve swung behind two candidates, attracted by their vague promises to make America great again WP Concord, New Hampshire PETROL is at US$1.76 per gallon in New Hampshire. The nation’s unemployment rate has just hit an eight-year low.WP; PHOTOS: BLOOMBERG - 1,215 words
-
Article, Illustration860 2016-02-08 29 The November raid seen as a landmark event by Western cyber-crime watchers Reuters Washington RUSSIAN authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world’s mostReuters; PHOTO: REUTERS - 860 words
-
Article, Illustration986 2016-02-08 30 Virginie Mangin - Analysts say the mega project will be tough to implement and faces many hurdles By Virginie Mangin btworld@sph.com.sg Beijing FOR centuries, the Silk Road which linked Asia to Europe carried Chinese goods and civilisation to the rest of the world. The concept hasPHOTO: REUTERS - 986 words
-
435 2016-02-08 30 Reuters Bangkok THAILAND’S economy is set to grow 3-4 per cent this year thanks to fiscal spending, although exports will miss expectations as risks to the global economy increase, the state planning agency chief said on Friday. South-east Asia’s second-larg-est economy hasReuters - 435 words
-
Article, Illustration1253 2016-02-08 31 Pact allows firms to receive same treatment as American businesses when competing for US agency contracts WP Washington AMERICAN call-centre jobs may be one casualty of a pending Pacific trade deal that would allow US federal contract work to be shifted toWP; PHOTO: BLOOMBERG - 1,253 words
-
-
TRANSPORT
-
Article, Illustration1048 2016-02-08 32 Lobbying ends with narrow margin victory over compromise in European Parliament Reuters Brussels INTENSE lobbying by Europe’s car manufacturers helped to save a compromise that will let them exceed European Union (EU) pollution targets for now, but the narrowness of their victory in the European ParliamentReuters; PHOTO: REUTERS - 1,048 words
-
352 2016-02-08 32 Reuters Lisbon THE new Portuguese government and a private consortium that bought a 61 per cent stake in flag carrier TAP last year have agreed in principle to give the state a larger stake and share control of the airline,Reuters - 352 words
-
Article, Illustration744 2016-02-08 33 Move fits in with China’s “One Belt, One Road” policy of building a modern Silk Road Reuters Shanghai CHINA’S COSCO Group is expected to make an offer for Greece’s rail network after becoming the sole bidder for theReuters; PHOTO: REUTERS - 744 words
-
371 2016-02-08 33 Reuters Stockholm GLOBAL truck maker Volvo forecast a steeper slowdown in the North American heavy-duty truck market this year and said it would cut production there after posting a slightly smaller than expected rise in fourth quarter earnings. Volvo, a rivalReuters - 371 words
-
-
Page 34 Advertisements
-
Advertisement550 2016-02-08 34 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PG PKL KUC JKT SUR TAIKLI 045 55 80 16/2 19/2 WHTIE TOKIO 015 60 20/2 21/2 BRIGHT CORAL 009 40 60 22/2550 words
-
Advertisement338 2016-02-08 34 C a i l a n J e d d a h B r i s b a n e E Shanghai Chittagong n n o Ho Chi Minh r e H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE338 words
-
-
Page 35 Advertisements
-
Advertisement707 2016-02-08 35 Open yard storage of 16,000sqm Unstuffing/Stuffing Inland Transportation Solutions Painting Engineering Works Providing a one-stop solution for all your logistics needs Call 8121 0966 or email 2WASSINEPCOperation@2wglobal.com for more details WSINOKOR MERCHANT MARINE CO. LTD CIX (SAT) NHS (SUN) Vessel VOY SIN HKG KAN PUS TEXAS *****E 23/01 29/01 03/02707 words
-
Advertisement380 2016-02-08 35 BINTANG MAS SHIPPING PTE LTD 39 Neil Road Singapore *****3 Tel: *****988 Fax: *****564 CR No.: **********0W Breakbulk Container Service to Sarawak, Sabah Brunei Vessel Voyage ETA SIN Muara Labuan K. Kinabalu Eline Enterprise 1604E 14.02.16 19.02.16 20.02.16 Eponyma 1603E 19.02.16 24.02.16 25.02.16 27.02.16 Eline Enterprise 1605E 26.02.16 02.03.16 03.03.16380 words
-
-
LIFE & CULTURE
-
Article, Illustration656 2016-02-08 36 Lee U-Wen - The bookies have installed the ‘Foxes’ as firm favourite to lift the EPL trophy, after they outplay Manchester City By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT’S hard to believe that, exactly a year ago, Leicester City Football Club was rooted to the bottomPHOTO: REUTERS - 656 words
-
470 2016-02-08 36 AFP Beijing WHILE hundreds of millions of his Chinese compatriots pack into planes, trains and automobiles to return to their ancestral homes for the Chinese New Year celebration, Zhang Hao, 30, is getting as far away as he can. “I decided to go abroadAFP - 470 words
-
-
Page 36 Miscellaneous
-
Miscellaneous317 2016-02-08 36 CRYPTIC CROSSWORD Across 1 Mourns epic broadcast in part of theatre (10) 6 Bubbly essential for post-Christmas tipple (4) 9 Doing stunts on high bar, one caught cracking nuts (10) 10 Dishes half smashed? Little reptile! (4) 12 One with equal role upset actors (2-4) 13 Stop meeting professional villain317 words
-