The Business Times, 16 February 2016

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Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, February 16, 2016
    22 words
  • Article
    Lock icon MARKETS
    24 1 Monday Change STI 2,607.90 +67.95 KL COMP 1,649.96 +6.22 NIKKEI 225 16,022.58 +1,069.97 HANG SENG 18,918.14 +598.56 SHENZHEN B 1,120.64 -20.65 DOW Closed
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  • Article, Illustration
    Lock icon DAILY DIGEST
    195 1 Two of the five sub-groups in the Committee on the Future Economy one looking at “future jobs and skills”, the other at “future city” each meet for the first time. TOP STORIES 2 Japan’s economy contracts at a sharper than feared 1.4 per cent real annual rate in
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  • Article, Illustration
    Lock icon SembMarine, Cosco buffeted by S$1 billion in combined Q4 losses
    705 1  -  Keppel Corp, with property interests, less shaken by oil-price crash; the 3 local banks also affected By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE strain of low oil prices on the offshore and marine sector was in full display on Monday,
    PHOTO: BLOOMBERG  -  705 words
  • Article, Illustration
    Lock icon January new-home sales slow amid dearth of property launches
    785 1  -  Only 322 private development units sold, 146 units launched; developers ‘drip-feeding’ unsold units into market By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore DEVELOPERS sold 322 private residential homes in January, a 16 per cent drop from the 384 sold in December, and
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  • TOP STORIES
    • Article, Illustration
      Lock icon 2 sub-groups hold their respective first meeting
      783 2  -  Members examine ways to upgrade skills, seek overseas opportunities, keep pace with rapid future development SINGAPORE’S FUTURE ECONOMY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TWO of the Committee on the Future Economy’s (CFE) five sub-groups one looking at “future jobs and skills”, the
      PHOTO: BLOOMBERG  -  783 words
    • Article, Illustration
      Lock icon China’s January trade figures continue shrinking
      630 2  -  But trade surplus will go some way to helping its central bank deal with capital flight By virginie Mangin btworld@sph.com.sg Beijing CHINA’S trade continued to contract in January, amid tepid demand both inside and outside the country. Exports fell 11.2 per cent in dollar
      PHOTO: AFP  -  630 words
    • Article, Illustration
      Lock icon Japan’s economy contracts again
      836 3  -  worsening domestic sentiment, external environment cause Japanese to embrace austerity By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S economy contracted at a sharper than feared 1.4 per cent real annual rate in the final quarter of last year, highlighting just how fragile recovery remains in the world’s third
      PHOTO: REUTERS  -  836 words
    • Article, Illustration
      Lock icon GET.com, BT jointly launch online financial comparison tool for consumers
      574 3  -  The partnership aims to create a credible and transparent platform By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE Business Times (BT) and GET.com on Monday launched GETxBT Compare (pronounced Get x BT), a tool that lets Singapore consumers compare and apply
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    • Article
      Lock icon S’pore business confidence recovers in Q4, but still dour compared to world: survey
      550 3  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore BUSINESS confidence in Singapore bounced back from a four-year low in the fourth quarter of 2015, but remains largely pessimistic and worse than global levels, according to the Global Economic Conditions
      550 words
    • Article, Illustration
      Lock icon Discretionary spending wanes in December
      473 3  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CAR sales once again lifted retail sales growth in December, masking broad-based weakness across the retail sector as discretionary spending waned. Bolstered by a mammoth 62.5 per cent increase in motor vehicle sales, overall retail sales grew 2.9 per
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  473 words
    • Article, Illustration
      Lock icon Airspace integration needed in Asia-Pacific amid growing traffic
      648 4  -  Transport Minister Khaw says governments have a key role in optimising air traffic SINGAPORE AIRSHOW 2016 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AS skies grow increasingly crowded, airspace in the Asia-Pacific needs to be better integrated for air traffic to be more
      PHOTO: YEN MENG JIIN  -  648 words
    • Article
      Lock icon EU-Asean Open Skies could start taking shape by 2017
      530 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A BASIC framework for EU-Asean Open Skies could come together as early as 2017, with the European Commission poised to receive the mandate to start formal negotiations with Asean in the next few months. “I
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    • Article, Illustration
      Lock icon Boeing sees growth and orders from South-east Asia
      522 4  -  It projects 3,750 new planes, valued at US$550 billion, for the region over the next 20 years By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore AIRCRAFT manufacturer Boeing is optimistic about South-east Asia’s aviation market over the next two decades as it sees no
      PHOTO: REUTERS  -  522 words
    • Article
      Lock icon GE Aviation to invest S$110m in its repair facility
      481 4 Singapore GE Aviation Engine Services-Singa-pore, an aircraft engine component repair facility with 35 years of history operating in the Republic, on Monday announced plans to invest S$ 110 million in the facility over the next 10 years. The investment, announced at
      481 words
    • Article
      Lock icon Pratt & Whitney opens first manufacturing facility in Singapore
      373 4  - Pratt Whitney opens first manufacturing facility in Singapore By Grace So graceso@sph.com.sg Singapore PRATT and Whitney has officially opened its first manufacturing facility in Singapore, which will produce fan blades and other key components for its new PurePower Geared Turbofan (GTF) engine family. The American aircraft-engine maker currently owns seven
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      108 2 Creating Value For Smart Future. Singapore Budget 2016 Thursday, 31 March 2016 9am-4pm ii HIT IKES nr i g A 1 Join us at our annual seminar where we share our perspectives on the Budget and the implications for individuals and businesses. The seminar will include panel discussions on the
      108 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SembMarine plunges into the red on S$801m provisions Sembcorp Marine
      819 5  -  FY15 “has turned out to be one of the toughest years in recent history”, says CEO By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore YARD group Sembcorp Marine slipped into the red with a fourth quarter net attributable loss of S$536.88
      PHOTO: BLOOMBERG  -  819 words
    • Article
      Lock icon Cosco Corp battered by Q4 loss of S$484m
      727 5  -  O&M FALLOUT By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MAINBOARD-listed Chinese shipbuilder Cosco Corporation (Singapore) unveiled a massive S$484 million loss for its fourth quarter, dragging full-year losses to S$570 million. The size of the loss, due to allowances for impairment and write-offs
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    • Article
      Lock icon Asia-Pacific corporations have biggest capacity for M&A: KPMG
      351 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CORPORATIONS operating in Asia-Pa-cific have the greatest capacity to snap up deals, given the active paring of debt over the last few years, a KPMG study on Monday suggested. And this bodes well for mergers and
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    • Article
      Lock icon Share drubbing reflects DBS’s vulnerabilities
      901 6  -  HOCK LOCK SIEW BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT DBS Group Holdings, Singapore’s largest bank and South-east Asia’s biggest (by assets), is feeling rather unloved as investors desert it in droves. Often cited as the region’s behemoth, it was deposed ignominiously last week by Bank
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    • Article
      Lock icon Chip Eng Seng drops plan to spin off construction units
      230 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CHIP Eng Seng Corporation on Monday said it would drop plans to spin off its subsidiaries that are in the construction business. “The company has decided not to proceed with the proposed restructuring, having
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    • Article, Illustration
      Lock icon San Miguel may woo small investors as it cuts dollar debt
      1085 6 BLOOMBERG Manila SAN Miguel Corp, the Philippines’ largest company, may sell bonds to small investors and cut its dollar-denomi-nated debt to tap the country’s growing wealth and shield its earnings from a weaker peso. The energy, infrastructure and beer
      BLOOMBERG; PHOTO: REUTERS  -  1,085 words
    • CORPORATE DIGEST
      • Article
        Lock icon Wing Tai Holdings
        87 6 property developer Wing Tai Holdings Limited has set up a new fund management unit to look into investment opportunities. It has appointed real estate veteran Chua Choy Soon as managing director of the new wholly owned unit WT Fund Management Pte Ltd, which will focus on investments
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      • Article
        Lock icon Acma, Mermaid Maritime, Regal International
        42 6 AT LEAST three companies warned of an expected net loss for their full-year financial results ended Dec 31, 2015, due to impairment provisions. They are Acma Ltd, Mermaid Maritime Public Company Limited, and Regal International Group Ltd.
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      • Article
        Lock icon SIA Engineering Company
        84 6 SIA Engineering Company Limited (SIAEC) said it will invest up to S$50 million over the next few years on innovation initiatives and technology adoption projects in aerospace maintenance, repair and overhaul (MRO), with the support of the Singapore Economic Development Board (EDB). SIAEC will collaborate with airlines,
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      • Article
        Lock icon Sinostar Pec Holdings
        100 6 SINOSTAR Pec Holdings has injected 29.4 million yuan (S$6.3 million) of cash into indirect subsidiary Dongming Changshun Transport Company to be used as working capital, the producer of downstream petrochemical products announced on Monday. The cash was paid via Sinostar Pec’s wholly owned subsidiary Dongming Hengchang Petrochemical
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    • Article
      Lock icon Challenger’s 2015 profit rises 23% despite 1% fall in revenue
      373 7  -  Profit lifted by govt grants, closure of M’sian retail ops By Grace So graceso@sph.com.sg Singapore CHALLENGER Technologies has posted a net profit of S$ 18.2 million for 2015, up 23 per cent from S$ 14.8 million in 2014, despite a
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    • Article
      Lock icon Tat Hong unit surrenders Gul Crescent lease to JTC for pre-tax gain of S$9.5 million
      335 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A WHOLLY owned unit of crane rental firm Tat Hong Holdings has accepted an offer from JTC Corporation for the surrender of its lease of 11 Gul Crescent for
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    • Article
      Lock icon Noble’s LNG traders leaving to join Glencore: sources
      286 7 REUTERS Singapore THREE liquefied natural gas (LNG) traders at Asia’s biggest commodity trade house, Noble Group Ltd, including two co-heads of the team, are leaving to join rival trader Glencore, sources familiar with the matter said. Noble and Glencore declined to comment.
      REUTERS  -  286 words
    • Article, Illustration
      Lock icon Strategists still bullish about European stocks despite recent rout
      615 7 BLOOMBERG London INVESTORS may be yanking out money from European stocks at the fastest pace in months, but strategists are standing by their optimistic calls. After a rout spanning all assets that dragged global equities into a bear market last week,
      BLOOMBERG; PHOTO: REUTERS  -  615 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index Feb 15,2016 2,607.90 +67.95 (+2.68%) Current streak 2 days Day high 2,613.44 Day low 2,561.44 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Feb 15,2016 427.93 -1.36 (-0.32%) Current streak 4 days Day high 430.17 Day low
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 7902 896.1 8.8 9094/6250 DBXT MSJAP US$ 4284 353.7 6.3 5277/4031 DBXT E50 US$ 4116 206.9 3.7 5300/3968 JMH USD 5450 177.6 2.4 6700/4500 Jardine C&C 3906 131.0 3.5 4258/2636 BY PERCENTAGE CLOSE UP 52w high/low Oceanus 0.5 66.7 0.2
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    • Article
      Lock icon LOSERS
      74 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -392.8 -2.4 *****/***** DBXT MSAsExJp US$ 2824 -111.8 -2.8 4064/2772 Tech Oil Gas 11.9 -50.1 -80.8 74.5/8.9 JSH USD 2760 -44.7 -1.1 3590/2524 Bukit Sembawang 406 -13.0 -3.1 541/406 BY PERCENTAGE CLOSE DOWN 52w high/low Tech Oil Gas 11.9 -80.8-50.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 8 VOL CLOSE($) CHANGE Tech Oil Gas 41,261.6 0.119 -0.501 -80.81 ChinaSing Inv 500.0 0.011 -0.003 -21.43 Oceanus 14,506.8 0.005 +0.002 +66.67 MSM Intl 4.0 0.047 -0.040 -45.98 Koda 14.0 0.420 +0.040 +10.53 China Great Land 160.0 0.012 -0.002 -14.29 Xinren Aluminium 24.1 0.400 +0.065 +19.40 KTL Global 478.2
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    • Article, Illustration
      Lock icon STI rebounds as risk appetite returns
      618 8  -  Arguments that equities have been oversold gain force, sending index 2.7% higher TTSTOCKS By Meilssa 730 melissat@sph.com.sg @MelissaTanBT NASTY, brutish, but mercifully short the hammering local stocks suffered last week after the Chinese New Year break has been nearly erased by a substantial rebound
      Source: Bloomberg  -  618 words
    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 +5 242/236 271 209 6.1 6304.2 CapitaLand 289 +7 289/284 379 267 10.6 3.1 *****.6 CapitaMall Trust 211 +6 211/205 228 184.5 5.3 7334.5 CityDev 688 +4 690/681 1095 661 8.3
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    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME Noble 53,037,500 Singtel 51,618,800 Tech Oil Gas 41,261,600 HPH Trust USD 33,440,100 Ezra 29,461,500 Market volume 1,053,034,000 VALUE Singtel 191,469,995 DBS Grp 163,818,074 JMH USD 105,002,834 OCBC Bank 73,161,786 UOB 59,744,180 Market value 1,354,162,000
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    • Article
      Lock icon SGX ETFs
      108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Nikko AM STI ETF 269 +8 920 271/262 361/259 266/269 6.5 STI ETF 262 +6 538 264/258 355/254 262/263 DBXT MSRussia US$ US152 +6 130 153/150 235/129 151/152 DBXT MSCHINA US$ US1034 +32 84 1036/1002 1750/995
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Feb 15 VALUE CLOSE BT OB/OS -99.00 +115.00 BT CADI -*****.00 +90.00 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 636.67 +9.78 FTSE ST Small Cap 371.61 +1.07 FTSE ST All Share 643.48 +14.14 FTSE ST China Top 149.25 +3.51 FTSE ST China 178.64 +5.15 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index Feb 15,2016 643.48 +14.14 (+2.25%) Current streak 1 day Day high 644.23 Day low 633.63 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Feb 12,2016 1,492.43 -2.96 (-0.20%) Current streak 6 days Day high 1,493.88 Day low 1,471.88 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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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 7 5 2 1 0 0 8 5 2 Manufacturing 46 21 27 3 6 13 49 27 40 Commerce 25 15 11 5 2 4 30 17 15 Tpt/Stor/Comms 17 9 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,888 6,943 30,831 71,930 1,457 73,387 Manufacturing 99,893 16,124 116,017 96,130 787 96,917 Commerce 108,197 17,717 125,914 157,196 569 157,766 Tpt/Stor/Comms 175,235 1,010 176,245 312,735 83 312,818 Finance 30,417 32 30,449 317,004 4 317,007 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon ComfortDelGro | Buy
        142 8 ComfortDelGro Buy Target price: S$3.40 Feb 15 close: s$2.87 OCBC Investment Research, Feb 15 ComfortDelGro (CDG) ended FY2015 steadily, as FY2015 revenue grew 1.5 per cent to S$4.11 billion, driven mainly by bus, rail, and taxi segments, but partially offset by automotive engineering services segment on lower prices for the
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      • Article
        Lock icon Singtel | Buy
        90 8 Singtel Buy Target price: S$4.40 Feb 15 close: S$3.74 Maybank-Kim Eng Research, Feb 14 Singtel reported resilient Q3 results, in line with expectations. Despite a weaker Australian dollar, economic headwinds and losses from newly acquired Trustwave, revenue, Ebitda and core net profit were maintained. It achieved this by investing in
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      • Article
        Lock icon SATS Ltd | Hold
        192 8  - SATS Ltd Hold Compiled by Jamie Lee Target price: S$3.98 Feb 15 close: S$3.80 CIMB Research, Feb 12 Q3 2016 net profit of S$60 million was in line with our expectations. Steady Ebit (earnings before interest and tax) margin of 14 per cent, still from the deconsolidation of food distribution.
        192 words
    • Article
      Lock icon Yen drops on calmer global financial nerves
      390 9 CURRENCIES REUTERS London THE yen’s advance halted on Monday as Japan’s leader criticised excessively volatile currency markets and as gains for China’s yuan on its first full day’s trade in a week helped settle global financial nerves. A stock market sell-off since the
      REUTERS  -  390 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Feb 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.988 4.644 0.638 5.566 48.716 95.674 0.813 8.635 2.950 1.072 74.773 33.929 1.000 11.341 0.701 23.572 25.470 0.493 0.715 Canada 1.012 4.698
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Feb 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9994 1.0004 0.7149 0.7152 Canadian dollar 1.0112 1.0122 0.7236 0.7233 Euro 1.5672 1.5685 1.1210 1.1213 NZ dollar 0.9318 0.9330 0.6665 0.6670 Sterling pound 2.0272 2.0291 1.4501 1.4506
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Feb 15 S$ Bid Offer 1-month 1.3985 1.3995 2-months 1.3994 1.4006 3-months 1.4004 1.4015 6-months 1.4027 1.4047 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 9 Feb 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Feb16 8610.00 8792.50 8570.00 8692.50 *****0 *****7 Mar16 8507.50 8680.00 8455.00 8585.00 4995 7618 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****8 *****5 Jun16 *****.00 *****.00 *****.00 *****.00 2876 7534 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active Feb 15 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****4 13.5 1.7 ***** 0.1 1360 8 CSC Holdings W*****9 0.8 0.2 9058 1 1 29 1.75 58 UOB MB eCW*****5 10 0.8 8848 0.1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Feb 12 Index Change Change Change Change Change Change World Preliminary 1129.3 1.1 -11.6 1.4 -12.2 0.9 -10.8 EAFE Preliminary 861.0 0.3 -15.0 0.3 -14.3 -0.2 -13.0 Europe Preliminary 1232.9 2.6 -12.7
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Feb 15 $S Offer Bid 0vernight 0.05 0.02 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.03 US$ 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
        69 9 Feb 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.52 100.56 100.55 5-Year NX*****X 2.250 01-Jun-21 102.01 102.05 102.05 10-Year NX*****Z 2.375 01-Jun-25 101.5 102.08 101.65 15-Year NZ*****F 2.875 01-Sep-30 103.67 104.28 103.95 20-Year NZ*****V 3.375 01-Sep-33 110.49
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        248 9 Feb-12 Price Net change change Last Trade Agricultural Feb-12 CBOT Soybeans (US cents/bu) 872.75 -0.75 -0.09% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.80 0.21 0.66% 14/03/2016 CBOT Wheat (US cents/bu) 457.50 -0.75 -0.16% 14/03/2016 Feb-12 LIFFE Cocoa (£/tonne) 2060.00 48.00 2.39% 14/03/2016 LIFFE Coffee (US$/tonne) 1419.00 37.00 2.68%
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    • Article
      Lock icon SGX MAINBOARD
      3963 10 Transaction date: Feb 15 E2-wk Last vol Day 01v Grvld Net Mcaf H133;-921 C2mE |B +[;C0'-101 I-"sh LOW CT!’ 941 Pl 511' 00 42 I|T1s|e1:7m.. .13 -1.‘. L18 5 9 ex: 1'11 :7‘) ems 11.0 15.2 A«so111cAu1o 19.: use 311.4 15: 711 A511 72 A A A M
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    • Article
      Lock icon SGX CATALIST
      293 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 23 -1 509 23.5 22 5.9 2.3
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    • Article
      Lock icon SGX ETF
      113 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2355 DBXT China50 US$ US2447 +90 0 2447 2447 6.7 399 190 DBXT MSBrazil US$ US208 +4 27 208 208 1750 995 DBXT MSCHINA US$ US1034
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      178 5 Your address could be here: Penthouse Level Level 42, Suntec Tower 3 TO World’s finest Serviced Offices Fully furnished prestigious offices Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure 5 days free at any location across the globe per month Flexible
      178 words
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  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      184 6 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices Pentland Intertrading Ltd. *****54 (In Voluntary Liquidation) NOTICE is hereby given pursuant to Section 204 (1 )(b) of the BVI Business Companies Act, 2004 that Pentland Intertrading Ltd. is in voluntary liquidation. The voluntary liquidation commenced on 25th January, 2016 and
      184 words
    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      191 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RIGHTINASIA PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company No: *****2232C) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of the abovenamed
      191 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      258 7 a "V-*' v HEART TO HEART TALK Diagnosis Treatment Prevention Learn about your heart’s health and how to take better care of your heart. Led by Dr Michael Lim, internationally renowned Interventional cardiologist and regular contributor of “Health” articles featured in The Business Times Weekend every fortnight. Date: 20 th
      258 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      80 10 Enhanced SGX MSCI Singapore Index Futures ■I SMALLER 1 1 MORE PRECISE; Hi sgx.com/derivatives/simsci Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or recommendation in relation to, any investment product. Advice should be
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  • REAL ESTATE
    • Article, Illustration
      Lock icon The lure of white sand beaches, turquoise lagoons
      1226 11  -  Singapore groups are major investors in Maldives resorts; JLL Hotels Hospitality Group launches EOI for foreclosure sale of Maavelavaru Island Resort By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SINCE the start of this year, at least two Singapore-based groups have acquired resorts on
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    • Article
      Lock icon Tokyo borrowers play negative rates game in office property boon
      638 11 BOJ’s decision to expand purchases of Reits expected to prompt investors to put more money into property BLOOMBERG Tokyo CREDIT Suisse Group AG is predicting prices for prime Tokyo office space may rise 10 per cent this year as a
      BLOOMBERG  -  638 words
    • Article, Illustration
      Lock icon CityLife@Tampines EC awarded TOP
      164 11 SINGAPORE’S first hotel-inspired executive condominium project CityLife@Tampines (left) has been awarded the temporary occupation permit. The EC is jointly developed by upscale lifestyle hotel brand Amara Holdings Limited and real estate developers Kay Lim Holdings Pte Ltd and SingHaiyi Group Ltd. Launched in November 2012, the
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      222 11 292, 294, 296, 298 JOO CHI AT ROAD 4 ADJOINING SHOPHOUSES CORNER EXCELLENT VISIBILITY Contact: Investment Properties A row of 4 adjoining 3-storey with attic, corner shophouses 4 individual land titles Total site area: approx. 707.6 sqm 7,616 sq ft Total gross floor area*: approx. 1,670.4 sq m /17,980 sq
      222 words
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      88 11 Luxurious Waterfront Bungalow At Sentosa Cove For Sale A posh double-storey bungalow with private berth 5 bedrooms with ensuite bathroom Designed with spacious living and dining hall, ideal for entertaining Sweeping view with double frontage onto waterways Land Area: Approx.1,069.8 sq m Floor Area: Approx.1,152 sq m For further information,
      88 words
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      6841 12 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own independent professional advice immediately from their stockbroker, bank manager, solicitor, accountant
      6,841 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon HSBC will keep headquarters in London
      684 13 Decision gives boost to London’s status as a global financial centre after the challenges of 2008-2009 REUTERS London HSBC Holdings decided on Sunday to keep its headquarters in Britain, rejecting the option of shifting its centre of gravity back to its main prof-it-generating centre
      REUTERS; PHOTO: BLOOMBERG  -  684 words
    • Article
      Lock icon HSBC’s choice may please nobody
      366 13  -  By Peter Thal Larsen REUTERS Hong Kong HSBC’s decision to keep the status quo risks pleasing nobody. After an extended flirtation with other financial centres, the lender has opted to keep its head office in London. Britain has become a bit more bank-friend-ly, while HSBC’s
      REUTERS  -  366 words
    • Article
      Lock icon Companies get creative as venture investment in medical devices stalls
      694 13 WP Washington TODAY’S venture capital market is one where a company with less than 200 employees can rake in more than US$100 million from investors. But one corner of the market has largely been left behind: companies offering medical devices.
      WP  -  694 words
    • Article
      Lock icon No need to stress test mutual fund sector: BlackRock
      293 13 REUTERS London BLACKROCK, the world’s biggest asset manager, says there is no need for a stress test of whether the mutual fund industry could repay a large number of panicking investors in the event of a fresh financial crisis. Reduced market
      REUTERS  -  293 words
    • Article
      Lock icon Most experienced UK traders cut in fixed-income cull
      691 13 BLOOMBERG London BANKS are taking a hatchet to their bond-trading businesses and the biggest casualties are proving to be the people with the most experience. About 70 per cent of credit traders cut in London last year at the 12 largest investment
      BLOOMBERG  -  691 words
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      1032 13 Certificates or being proxies and holding or representing in the aggregate not less than a clear majority of the principal amount of the Notes of the relevant Series for the time being outstanding. No business (except choosing a chairman) shall be transacted unless the requisite quorum is present at the
      1,032 words
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  • ENERGY & COMMODITIES
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      47 14 HOT PROPERTY GOOD MIX FTY Open yard. *****sf. 10 Ton Crane. Direct Loading. High Ceiling/ Amp. Private Access. 2800-3100SF MANDAI ESTATE Clean/light use. Ample carpk. 40ft unloading bay. 24-hrs security. LOOKING FOR A FACTORY SPACE? Check out these properties and more in The Straits Times Classified now!
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      311 14 How to precisely time your entry and exit and ride the trend of any stock, maximizing profits and protecting losses? Join Joey in this powerful workshop where he will reveal the step-by-step process of trend trading. Discover insider secrets of employing KEY trend indicators, trending price action, cutting edge techniques
      311 words
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  • TECHNOLOGY
    • Article
      Lock icon Google considers building option to traditional set-top box
      780 15 If it goes ahead with this, the move will mark another turning point for the rapidly changing US media landscape WP Washington GOOGLE is increasingly interested in building an alternative to the traditional cable set-top box, according to a top executive for
      WP  -  780 words
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      Lock icon Designers slog on a robot voice that humans like
      704 15 NYT New York WHEN computers speak, how human should they sound? This was a question that a team of six IBM linguists, engineers and marketers faced in 2009, when they began designing a function that turned text into speech for Watson,
      NYT  -  704 words
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      Lock icon HomeAway takes on Airbnb in new advertising campaign
      698 15 NYT New York GUESTS cringe on a couch while a bathrobe-clad homeowner clips his toenails. A couple wakes to find that another homeowner has been watching them sleep. A woman at the bathroom sink gags when she spies a bar of soap
      NYT; FILE PHOTO  -  698 words
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      Lock icon Teenagers migrate to online messaging apps to dodge parents’ prying
      1133 15 WP Washington TEENAGERS, a historically wily demographic, are increasingly moving their digital social lives from public sites, where their parents hang out, to smartphone messaging apps, giving them nearly complete privacy in their online social lives. Apps such as Kik,
      WP; PHOTO: BLOOMBERG  -  1,133 words
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      78 19 'C LLC m ASIA’S LARGEST EDUCATIONAL KIDS’ FAIR 18-20 MARCH 2016 (SCHOOL HOLIDAYS) SINGAPORE EXPO HALL 6 Be a part of SmartKids Asia 2016! m mm Promote and sell your brand, products and services to a targeted 90,000 parents with children from ages 3 to 12! CONTACT US NOW! Ms
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  • OPINION
    • Article
      Lock icon Fourth telco should not be just about cheaper call and data rates
      617 20 EDITORIAL THE reiteration by the CEOs of Singtel and MyRepublic that the play for a potential fourth mobile phone network operator should not be based just on lower prices is welcome. While cheaper data bundles and call rates
      617 words
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      Lock icon Sunnylands meet should set tone for future US-Asean engagement
      1414 20  -  Stakes are high as US interests converge with region where rule of law, peaceful resolution of disputes, economic growth, and moderate Islam are all under assault. BY PATRICK CRONIN, DERWIN PEREIRA T Patrick Cronin is senior director of the Asia-Pacific Security
      PHOTO: REUTERS  -  1,414 words
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      Lock icon On economic stupidity
      816 20  -  THE BOTTOM LINE By Paul Krugman NYT BILL Clinton’s 1992 campaign famously focused on “the economy, stupid”. But macroeconomic policy what to do about recessions has been largely absent from this year’s election discussion. Yet economic risks have by no means been banished from the world. And
      NYT  -  816 words
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      Lock icon Q: Who’s really in charge of the global economy? A: No one
      1007 21  -  COMMENTARY By Anthony Rowley Tokyo LAST week, I reported in this newspaper a speech by International Monetary Fund (IMF) financial counsellor Jose Vinals, in which he asked “Who is really in charge?”, and added that “we need a
      1,007 words
    • Article
      Lock icon Meaningful quarterly reporting can improve governance and transparency
      667 21  -  LETTERS TO THE EDITOR Mak Yuen Teen THE headline for the article “Focus on quarterly earnings contrary to long-term value creation: BlackRock CEO” (BT, Feb 3) may give the impression that a major asset manager is opposed to quarterly financial reporting. However,
      667 words
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      Lock icon SingPost remains committed to providing quality service
      331 21  -  Lim Li Koon vice-president Group Communications WE refer to the letter “Why is mailing a letter in Singapore so complicated?” (BT, Feb 3) by Denis Distant. We would like to thank Mr Distant for his valuable comments and interest in our stamps and
      331 words
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      Lock icon Political revolutions, according to Bernie and the Donald
      1358 21  -  The spectre of a populist president who plans to overturn the economic system that benefits financial institutions is creating jitters on Wall Street By Leon Hadar Washington WHEN the Beatles recorded their song Revolution and released it as a single in 1968,
      impose high tax rates PHOTO: REUTERS  -  1,358 words
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      994 22 The Business Times Tuesday, February 16, 2016 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10
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  • LIFE & CULTURE
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      Lock icon The Revenant is top winner with 5 awards
      1010 23 Film is now seen as a leading contender for Oscar glory in Los Angeles on Feb 28 BAFTA FILM AWARDS 2016 AFP London EPIC survival tale The Revenant took top honours including best film on Sunday at Britain’s Bafta film awards, boosting
      AFP; PHOTO: AFP  -  1,010 words
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      Lock icon Justice Antonin Scalia and the ‘dead’ Constitution
      961 23 NYT New York WHETHER or not you agreed with the man, there is no question that Justice Antonin Scalia changed the United States Supreme Court, the way that the Constitution and laws are interpreted, and the image of a Supreme Court justice far
      NYT; PHOTOS: NYT, REUTERS  -  961 words
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      31 23 3 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need a room flat?
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  • Page 23 Miscellaneous
    • Miscellaneous
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      318 23 CRYPTIC CROSSWORD Across 1 What makes crust start to rise in pie? (6) 4 English journalists will tuck in exceedingly and drink (8) 9 Place found in rickety pier causing undulation (6) 10 One car is overturned in plan of action (8) 11 Poet’s house next to watercourse (6) 12
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  • SME
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      Lock icon Cruising calmly through rough seas
      1296 24  -  BLPL is a firm that has emerged successfully despite the odds facing the shipping industry. BY VIVIEN ANG THE tide is in BLPL Singapore’s favour. The shipping line arm under Transworld Group Singapore seems to be having none of the choppy ride some firms are
      PHOTO: LAURA NG  -  1,296 words
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      Lock icon Using the product return process to bolster customer loyalty
      903 24  -  By Sandie Overtveld T The writer is the vice-president, sales, apac at Zendesk, a leading cloud-based customer service platform that brings organisations and their customers closer together. SO, Christmas and Chinese New Year have been and gone. The period that follows
      PHOTO: REUTERS  -  903 words