The Business Times, 8 February 2016

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Total Pages: 35
1 36 The Business Times
  • 13 1 THE BUSINESS TIMES www. usinesstimes.com.sg MONDAY, FEBRUARY 8, 2016 S$1.00 MCI (P) 039/08/2015
    13 words
  • 606 1  -  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 warnings
    PHOTO: ARTHUR LEE  -  606 words
  • 695 1  -  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). The
    695 words
  • Page 1 Advertisements

  • TOP STORIES
    • 1012 2  -  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 be
      PHOTO: AFP  -  1,012 words
    • 485 3  -  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 Kong
      Source: Cartus  -  485 words
    • 792 4  -  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 have
      PHOTO: ARTHUR LEE; Source: Compiled by BT from Bloomberg, retailers, Straits Times newspaper ads  -  792 words
    • 750 5  -  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 the
      750 words
    • 619 5  -  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 paid
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    • 993 6  -  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 soothsayers
      PHOTO: ARTHUR LEE  -  993 words
    • 732 7  -  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 for
      SPH FILE PHOTO; PHOTO: BLOOMBERG  -  732 words





  • Page 7 Advertisements
    • 28 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 9988
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  • FOCUS
    • 722 8 / 9  -  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 the
      PHOTOS BY ARTHUR LEE AND LAURA NG  -  722 words

  • COMPANIES & MARKETS
    • 1049 10  -  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 shelf
      1,049 words
    • 809 11  -  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 Market
      PHOTO: REUTERS  -  809 words
    • 1812 12  -  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 purchases
      1,812 words
    • 193 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$/tonne) 1427.00 -8.00 -0.56%
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    • 57 13 Feb 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 16 2490.0 2497.0 2520.0 2478.0 403 3116 Mar 16 2493.0 2523.0 2547.0 2493.0 3017 ***** Apr 16 2540.0 2580.0 2604.0 2534.0 ***** ***** May 16 2528.0 2571.0
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    • 67 13 Feb 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.54 100.55 100.55 5-Year NX*****X 2.250 01-Jun-21 102.07 102.18 102.05 10-Year NX*****Z 2.375 01-Jun-25 101.82 101.95 101.88 15-Year NZ*****F 2.875 01-Sep-30 103.82 20-Year NZ*****V 3.375 01-Sep-33 110.77 110.90 110.80
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    • 155 13 Feb 5 Against S$ 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 1.4534
      155 words
    • Article, Illustration
      109 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 Composite
      Source: Bloomberg  -  109 words
    • 206 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 0.2
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    • 377 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 -9.2
      377 words

  • Page 11 Advertisements
    • 227 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 Bukit
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  • REAL ESTATE
    • 807 14  -  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 business
      Bloomberg  -  807 words
    • 493 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 for
      Reuters; PHOTO: BLOOMBERG  -  493 words
    • 994 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 foreclosure
      Bloomberg; PHOTO: BLOOMBERG  -  994 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 699 16  -  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, and
      funds.PHOTO: BLOOMBERG  -  699 words
    • 523 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 end
      PHOTO: REUTERS  -  523 words
    • 574 17  -  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
    • 105 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 to
      105 words


  • BANKING & FINANCE
    • 708 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 global
      Reuters; PHOTO: REUTERS  -  708 words
    • 738 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 per
      Bloomberg  -  738 words
    • 923 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 hedge
      Reuters; PHOTO: BLOOMBERG  -  923 words
    • 460 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’t
      Bloomberg  -  460 words


  • ENERGY & COMMODITIES
    • 813 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 to
      Bloomberg  -  813 words
    • 527 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 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 US
      Reuters  -  586 words
    • 967 21  -  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 to
      967 words


  • GOVERNMENT & ECONOMY
    • 880 23  -  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 with
      PHOTO: BLOOMBERG  -  880 words
    • 447 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 exacerbated
      Bloomberg; PHOTO: BLOOMBERG  -  447 words
    • 373 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 of
      Reuters; Bloomberg  -  373 words
    • 700 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 sent
      Reuters; PHOTO: REUTERS  -  700 words
    • 501 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 a
      Reuters  -  501 words
    • 457 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 and
      Bloomberg; PHOTO: AFP  -  457 words
    • 592 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 of
      AFP; PHOTO: REUTERS  -  592 words
    • 569 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 ending
      Reuters; PHOTO: REUTERS  -  569 words
    • 757 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 online
      Reuters  -  757 words
    • 1215 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
    • 860 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 most
      Reuters; PHOTO: REUTERS  -  860 words
    • 986 30  -  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 has
      PHOTO: REUTERS  -  986 words
    • 435 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 has
      Reuters  -  435 words
    • 1253 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 to
      WP; PHOTO: BLOOMBERG  -  1,253 words









  • TRANSPORT
    • 1048 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 Parliament
      Reuters; PHOTO: REUTERS  -  1,048 words
    • 352 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
    • 744 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 the
      Reuters; PHOTO: REUTERS  -  744 words
    • 371 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 rival
      Reuters  -  371 words


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  • Page 35 Advertisements
    • 707 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 03/02
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      380 words

  • LIFE & CULTURE
    • 656 36  -  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 bottom
      PHOTO: REUTERS  -  656 words
    • 470 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 abroad
      AFP  -  470 words
  • Page 36 Miscellaneous
    • 317 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 villain
      317 words