The Business Times, 9 January 2016

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Microfilm: NL33744
Total Pages: 40
1 32 The Business Times
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      63 1 LivingBTTHE BUSINESS TIMES WEEKEND JANUARY 9-10, 2016 BATTLE OF THE BOXES Subscription boxes are all the rage with online shoppers L2-4 DESIGN Home improvement 2016 L8-11 DINING Dining apps bag the best deals for meals L5 DINING New steamboat haunts for foodies L6-7 DESIGN: SIMON ANG TRAVEL Renaissance city Yangon
      63 words
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  • BT Living
    • Article, Illustration
      Lock icon Battle of the boxes
      2129 2 / 3  -  Shoppers too lazy to head to the shops or type out their credit card details online are a captive market for a growing crop of subscription services. Is this a passing fad or is no-brainer shopping here to stay? By May Yip By May Yip SHOPPING
      PHOTO: WWW.LOWINSKY.COM; PHOTO: BLISSYBOX; PHOTOS: BOXGREEN; SHAVE IT CLUB  -  2,129 words
    • DINING
      • Article, Illustration
        Lock icon Appetite for apps
        722 5  -  A host of apps have sprung up to get you the best offers for your meals. By Tan Teck Heng By Tan Teck Heng thtan@sph.com.sg WOULDN’T it be nice if we could just whip our phones out during lunch, and have them guide us to the best
        722 words
      • Article
        Lock icon Hotpot indulgence
        328 6 / 7 The familiar steamboat is going upmarket as restaurants offer more luxe options to cater to a more sophisticated crowd IF visions of crowding around a butane stove-powered (charcoal being a thing of the past) steamboat in a dingy coffeeshop or even open space have always put you off
        328 words
      • Article, Illustration
        Lock icon Hua Ting Steamboat
        464 6 / 7  -  By Tan Teck Heng thtan@sph.com.sg 442 Orchard Road, 01-08 (mezzanine level), Claymore Connect Z6739-6628 Opens: 11.30am-2.30pm, 5.30pm-10.30pm daily www.orchardhotel.com.sg/huatingsteamboat CHINESE chefs seem to be a different breed from their Western counterparts we don’t see them as temperamental artists, but more like gongfu masters disciplined, albeit a little
        PHOTOS: HUA TING STEAMBOAT  -  464 words
      • Article, Illustration
        Lock icon Tang Restaurant Bar and Supper Club
        419 6 / 7  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT 25 Keong Saik RoadZ6222-7708 Opens: 12pm-2.30pm (lunch), 6pm-11pm (dinner), 5pm-2am (bar supper club) www.facebook.com/TangRestaurantBar ARMED with a degree in finance and a master’s in International Marketing, Zoe Zhang could have easily scored herself a cushy job in the corporate
        PHOTOS: TANG RESTAURANT BAR  -  419 words
      • Article, Illustration
        Lock icon Fu Lin Men Dou Lao Steamboat
        740 6 / 7  -  By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT 16 North Canal RoadZ6532-2777 Opens: 11am-2.30pm, 6pm-10pm daily FU Lin Men Dou Lao Steamboat is not quite your regular steamboat joint. Sure, they serve the ubiquitous tongue-tingling mala soup base, but managing director Simon Lim is adamant
        PHOTOS: FU LIN MEN DOU LAO, TAYSUAN CHIANG  -  740 words
      • Article
        Lock icon wine & dine
        325 6 / 7 wine dine with BTWeekend Carlton City Hotel Singapore 1 Gopeng StreetZ6632-8922 Weekday Buffet Lunch Plate is putting a fresh spin on its weekday lunch buffet! With four menus to rotate every week, the expansive buffet selection has been enhanced and is the perfect option for a corporate lunch meeting, gatherings
        325 words
    • DESIGN
      • Article, Illustration
        Lock icon 2016 home improvement
        2141 8 / 9  -  It is a brand new year, and with Chinese New Year just around the corner, it’s time to relook your home decor. Industry experts give their take on what’s hot this year and the cool things to fill your home with. By Tay Suan Chiang By Tay
        2,141 words
    • TRAVEL
      • Article, Illustration
        Lock icon Renaissance city Yangon
        902 12  -  The bustling capital beckons with its eclectic urban charms. By Daven Wu NOT to put too fine a point on it, but Yangon is a city that, on paper at least, should not work. It’s dusty. Cars, dirt tracks and exhaust fumes throw a fine layer of
        PHOTOS: DAVEN WU  -  902 words
    • HEALTH
      • Article, Illustration
        Lock icon Roadmap to a healthy 2016
        1321 13  -  Work towards better wellbeing via weight, bad cholesterol, blood pressure and supplement control Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World Chinese Doctors Association and
        PHOTO: AFP  -  1,321 words
    • MOTORING
      • Article, Illustration
        Lock icon REVVING UP FOR 2016
        805 14 / 15  -  The Singapore Motorshow 2016 vrooms into town next week from Jan 14 to 17. Here are some of the new models to be rolled out. By Samuel Ee By Samuel Ee A SLEW of new models will be launched at next week’s Singapore Motorshow 2016 and
        805 words
    • SPORTS
      • Article, Illustration
        Lock icon An action-packed year in store
        902 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent WE are already nine days into a brand new year, and there’s so much to look forward to in the world of sports in 2016. I’m practically salivating at the prospect of all the sporting action that’s
        PHOTOS: AFP, FILE, REUTERS  -  902 words
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  • Title Section
    Lock icon Masthead
    21 1 weeknd THE BUSINESS TIMES www. sinesstime .com. g JANUARY 9-10, 2016 S$1.00| MCI (P) 040/08/2015 sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article, Illustration
    Lock icon Record S$19b set aside for R&D until 2020
    721 1  -  Singapore will sustain this spending at 1% of GDP, says PM Lee By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government has set aside a record budget of S$19 billion over the next five years until 2020 to fund research, innovation and enterprise
    Source: National Research Foundation  -  721 words
  • Article
    Lock icon More property agents throwing in the towel
    1092 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MORE casualties in Singapore’s real estate agency business have emerged during the latest li-cence-renewal period with the Council for Estate Agencies (CEA), but agency honchos are split in their views on whether the worst is over for
    1,092 words
  • Article
    Lock icon M’sian Budget to be revised soon
    33 1 OIL PRICE WOES WITH global oil prices slumping, Prime Minister Najib Razak confirmed Malaysia would need to revise its 2016 Budget given the expected revenue shortfall. 5
    33 words
  • Article
    Lock icon Stability seen despite Japan’s fears
    31 1 RENMINBI SLIDE JAPAN’S finance minister has warned indirectly of further falls to the renminbi, though its rapid slide has slowed in response to PBOC action. 4
    31 words
  • Article
    Lock icon December payrolls surge
    35 1 US DATA US job growth surged in December and employment for the prior two months was revised sharply higher, suggesting that a recent manufacturing-led slowdown in economic growth would be temporary. 5
    35 words
  • Article
    Lock icon Noble Group’s shares, bonds dive
    36 1 CREDIT DOWNGRADE THE bloodletting at Noble Group continued, as its shares and bonds plunged following the downgrade of the firm’s credit rating to junk status by a second rating agency. 10
    36 words
  • Article
    Lock icon NPLs won’t rise to crisis level
    37 1 OCBC VIEW OCBC Bank’s chief executive says non-performing loans will not rise to “a level of grave concern” as customers have stronger fundamentals to see them through a down cycle.| 14
    37 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      51 2 NEWS Top Stories 2-6 Raffles Conversation 8-9 Companies Markets 10-11 Real Estate 12-13 Banking Finance 14 Energy Commodities 15 Technology 16 Consumer 17 Transport 18 Govt Economy 19-21 Opinion 22-23 Wealth 24-26 Life Culture 27 LIVING Living L2-4 Dining L5-7 Design L8-11 Travel L12 Health L13 Motoring L14-15 Sports
      51 words
    • Article
      Lock icon MARKETS
      135 2 GSTI 2,751.23 (+21.32) GSTI FUTURES 2,751.00 (+21.00) GSIMSCI 307.67 (+3.15) GSIMSCI FUTURES 307.55 (+4.35) STOCKS Vvlnay LI’-an51'. KL COMP 1,657.61 +2.48 NIKKEI Z25 17,697.96 -69.38 HANG SENG 20,453.71 +1 20 3? SET 1244.18 -1 9.35 JAKARTA 4,546.29 o15.B-1 MANILA 6,575.43 -43.45 KOSPI 1917.62 4-1 329 SHENZHEN B 1,250.89 «-31.16
      135 words
    • Article
      Lock icon ‘Not a bad thing’ for Singaporeans to be in demand abroad: PM Lee
      531 2  -  After they gain experience, pick up new ideas, some may choose to return to contribute here By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore JUST as Singapore aspires to have the best talent from around the world to come
      531 words
    • Article
      Lock icon A battered start to the New Year
      982 3  -  But recent rout could present opportunity to investors with a long-term horizon FOCUS CHINA By Kelvin Tay ~The writer is regional chief investment officer, Southern Asia Pacific, UBS Wealth Management HE start of a new year often brings hope that things will be
      982 words
    • Article, Illustration
      Lock icon Global stocks recover after China scraps trading curbs
      549 3 AFP London WORLD stock markets widely recovered Friday, with European shares staging a modest rebound after China removed ill-fated trading curbs, a move that underpinned Asian markets earlier. Oil markets also pulled back after striking 12-year low points on Thursday. All eyes
      AFP; PHOTO: REUTERS  -  549 words
    • Article
      Lock icon RMB slide expected to end soon, despite Japanese minister's fears
      675 4  -  Taro Aso warns of further fall, but others say the Chinese currency may have stabilised FOCUS CHINA By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S finance minister Taro Aso on Friday warned indirectly of further falls to the Chinese renminbi, though the
      675 words
    • Article, Illustration
      Lock icon Beijing’s devaluation seen as means to fully liberalise yuan
      679 4  -  Actions by Beijing authorities are actually clear signals of its resolve to stabilise growth By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore BEIJING’s recent depreciation of the yuan is actually an understandable approach towards the full liberalisation of the currency that is ultimately
      PHOTO: AFP  -  679 words
    • Article, Illustration
      Lock icon Budget to be revised soon, GST a saviour: Najib
      781 5  -  Revenue shortfall, now at RM30b, may widen should oil prices remain at low US$30 range By btworld@sph.com.sg Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S budget planners must be experiencing a sense of déjà vu and it’s mainly to do with oil. With
      781 words
    • Article
      Lock icon December payrolls surge in boost to economic outlook
      247 5 LATEST US DATA Reuters Washington US job growth surged in December and employment for the prior two months was revised sharply higher, suggesting that a recent manufacturing-led slowdown in economic growth would be temporary. Nonfarm payrolls increased by 292,000 last month, the
      Reuters  -  247 words
    • Article
      Lock icon Senior execs leave Colliers for Knight Frank
      469 6  -  Movements continue recent exodus of execs to rival firms By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE exodus of executives at Colliers International Singapore has continued this week. This time, senior executives in its industrial services team including the division head are leaving for
      469 words
    • Article
      Lock icon New association minted for real estate agents
      498 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A NEW association called the Singapore Estate Agents Association (SEAA) is slated to be launched by the first quarter of this year, in an industry-led initiative to raise professionalism in real estate agency work and provide a
      498 words
    • Article
      Lock icon Asean offers S’pore SMEs more openings than China: SCCCI official
      494 7  -  In tapping into Asean growth, S’pore firms can raise their business volume and then their productivity, says V-P of business chamber By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore INVESTMENT and expansion opportunities in South-east Asia are far more attractive than those
      494 words
    • Article
      Lock icon Poly grads’ pay up 5% in 2015 after 2 flat years
      352 7  -  By Grace So graceso@sph.com.sg Singapore POLYTECHNIC graduates earned more in 2015, following two years of stagnation in their salaries, although a smaller proportion of them are choosing to take up full-time jobs. The latest Graduate Employment Survey found the
      352 words
    • Article, Illustration
      Lock icon Samsung offers a glimpse of 2016’s tech slowdown
      330 7  -  By Robyn Mak Seoul SAMSUNG’S disappointing year-end is a preview of this year’s tech slowdown. The world’s largest smartphone and memory group said on Jan 8 that operating profit for the fourth quarter was 6.1 trillion won (S$7.3 billion), below expectations. Weaker
      330 words
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      84 5 V-Lift from $800* Non Surgical No Needles No Downtime Effective Results Long Lasting Call +65 6235 1125 for your appointment today! Please quote “BT V-Lift”. ’Terms Conditions Apply FACE, BODY SKIN 1 Skin Rejuvenation I Brightening I Resurfacing I aesthetics medical centre V-Lift I Body Contouring I Stretch Mark Repair
      84 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Wordsmith at the helm
      2303 8 / 9  -  Grey Group’s chief creative officer Tor Myhren believes so much in the mantra that failure is a precursor to success that he even gives out Heroic Failure awards to encourage risk-taking in the company. By Kelly Tay By Kelly Tay kellytay@sph.com.sg @KellyTayBT WHEN Grey Group appointed
      PHOTO: GREY GROUP  -  2,303 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Group’s shares, bonds dive after credit downgrade
      504 10  -  Noble stays on credit watch, could face higher bank borrowing costs NOBLE SAGA By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE bloodletting at Noble Group continued on Friday, as its shares and bonds plunged following the downgrade of the firm’s credit rating to junk
      Source: Bloomberg  -  504 words
    • Article, Illustration
      Lock icon Noble’s lenders matter more than its credit score
      288 10  -  By Quentin Webb Hong Kong FOR Noble Group, banks matter more than rating agencies. On Thursday, Standard Poor’s followed rival Moody’s in cutting the energy and metals trader to “junk”, despite it raising US$750 million from the sale of its agricultural affiliate
      288 words
    • Article
      Lock icon Albedo raises S$3m to ratchet up its extreme makeover
      623 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore COMPELLED by an anaemic metal business and undeterred from a botched reverse takeover involving huge land in Malaysia’s Iskandar, Albedo has now armed itself with an extreme makeover and more funds to tap the flourishing
      623 words
    • Article, Illustration
      Lock icon China woes drag STI 4.5% lower in 1st week of 2016
      541 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent TO SAY it hasn’t been a good start to 2016 might be an understatement, given the plunges that global equities suffered this past week. China has been blamed for the losses, perhaps
      541 words
    • Article
      Lock icon GAINERS
      75 11 BY CENTS CLOSE UP 52w high/low DBXT E50 US$ 4336 87.6 1.4 5300/4275 GLD US$ ***** 70.3 0.5 *****/***** DBXT China50 US$ 2699 47.4 1.2 4258/2666 DBXT CSI300 US$ 849 33.0 2.8 1471/785 Jardine C&C 3324 21.0 0.6 4258/2636 BY PERCENTAGE CLOSE UP 52w high/low CN*****MBeCW*****8 2.5 66.7 1.0
      75 words
    • Article
      Lock icon LOSERS
      78 11 BY CENTS CLOSE DOWN 52w high/low IS S&P500 US$ ***** -2027.0 -6.8 *****/***** IS DJ USTech US$ 9940 -654.5 -4.4 *****/9940 DBXT MSUSA US$ 5002 -495.2 -6.5 5573/4938 DBXT MSJAP US$ 4680 -192.3 -2.8 5277/4452 JMH USD 4803 -150.7 -2.1 6788/4500 BY PERCENTAGE CLOSE DOWN 52w high/low DBS MB
      78 words
    • Article
      Lock icon MOST ACTIVE
      36 11 VOLUME Noble 185,805,900 ChinaSports 81,669,400 StratechGroup 75,509,200 Moya Asia R 69,575,400 Luzhou Bio-Chem 41,070,000 Market volume 1,621,791,000 VALUE Singtel 121,624,673 DBS Grp 96,242,430 Keppel Corp 76,199,562 OCBC Bank 64,225,893 CapitaLand 64,030,236 Market value 1,188,136,000
      36 words
    • Article
      Lock icon Shutting down markets to stem panic is often the wrong medicine
      683 11 AFP Paris SIMPLY shutting down markets can be a tempting option to halt panic selling, but it’s tantamount to breaking the thermometer to cure the fever, analysts say. Rather than cooling flaring investor tempers, trading curbs can even fuel
      AFP  -  683 words
    • Article
      Lock icon STI STOCKS
      303 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 +3 226/220 271 213 6.5 5910.2 CapitaLand 316 +2 320/310 379 267 11.6 2.8 *****.5 CapitaMall Trust 192 +1 192.5/189.5 228 184.5 5.6 6672.5 CityDev 758 +16 759/735 1095 695 9.1
      303 words
    • Article
      Lock icon SGX ETFs Most Active
      111 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 281 +1 1294 282/277 355/277 281/282 IS MS INDIA US$ US650 +6 96 650/638 1000/638 649/652 81.3 DBXT CSI300 US$ US849 +23 74 850/824 1471/785 847/850 DBXT MSBrazil US$ US211 -4 50 211/210 409/210
      111 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      797 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 4 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp 07-Jan-16 Koh Wee Meng Buy 100 0.20 *****80 74.38 *****80 74.39 Fragrance Grp 07-Jan-16 Lim
      797 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 3 1 0 0 12 2 3 Manufacturing 46 29 26 8 4 10 54 33 36 Commerce 16 16 10 1 4 4 17 20 14 Tpt/Stor/Comms 22 4 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,842 1,785 36,627 113,975 487 114,462 Manufacturing 245,512 94,846 340,358 119,718 1,649 121,366 Commerce 204,972 17,148 222,120 115,260 783 116,043 Tpt/Stor/Comms 149,702 151 149,853 228,700 12 228,712 Finance 20,606 51 20,657 220,172 7 220,179 Construction
      119 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jan 8 VALUE CLOSE BT OB/OS -376.00 +10.00 BT CADI -*****.00 +94.00 BT 10-day MA -*****.00 -37.00 FTSE ST Mid Cap 650.02 +2.00 FTSE ST Small Cap 397.54 +1.85 FTSE ST All Share 668.77 +3.30 FTSE ST China Top 164.06 +2.36 FTSE ST China 199.66 +1.24 FTSE
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE Koh Eco 1,017.2 0.045 -0.008 -15.09 M Development 3,971.3 0.003 -0.001 -25.00 Luzhou Bio-Chem 41,070.0 0.047 +0.011 +30.56 China Sports 81,669.4 0.019 +0.004 +26.67 Blumont 38,364.2 0.001 -0.001 -50.00 HTL Intl 17,971.9 0.805 +0.120 +17.52 BlueSkyPower 157.5 0.118 +0.024 +25.53 SinoCloud 12,100.1 0.004 +0.001 +33.33
      81 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      98 13 YTD change: -4.56% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,729.91 on Jan 7, 201 6 Source: Bloomberg YTD change: -6.67% 52-week high: 28,442.75 on April 28,2015 52-week low: 20,333.34 on Jan 7,2016 Source: Bloomberg Bloomberg YTD change: -9.97% 52-week high: 5,166.35 on June 12, 2015 52-week
      Source: Bloomberg  -  98 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jan-7 Price Net change change Last Trade Agricultural Jan-7 CBOT Soybeans (US cents/bu) 877.00 1.25 0.14% 14/01/2016 CBOT Soybean Oil (US cents/lb) 29.44 -0.15 -0.51% 14/01/2016 CBOT Wheat (US cents/bu) 468.50 5.75 1.24% 14/03/2016 Jan-7 LIFFE Cocoa (£/tonne) 2107.00 -8.00 -0.38% 14/03/2016 LIFFE Coffee (US$/tonne) 1434.00 -17.00 -1.17%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Jan 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 16 2249.0 2263.0 2265.0 2248.0 51 1751 Feb 16 2346.0 2354.0 2365.0 2334.0 1760 ***** Mar 16 2433.0 2435.0 2440.0 2409.0 ***** ***** Apr 16 2486.0 2493.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Jan 8 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 5-Year N*****0S 2.000 01-Jul-20 100.03 100.10 100.10 10-Year NX*****Z 2.375 01-Jun-25 98.89 99.65 99.01 15-Year NZ*****F 2.875 01-Sep-30 100.98 101.60 101.30 20-Year NZ*****V 3.375 01-Sep-33 107.44 108.30 107.80
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jan 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0101 1.0111 0.7037 0.7042 Canadian dollar 1.0178 1.0184 0.7093 0.7091 Euro 1.5617 1.5626 1.0880 1.0883 NZ dollar 0.9544 0.9550 0.6649 0.6651 Sterling pound 2.0971 2.0981 1.4610 1.4613
      155 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      205 13 Most active Jan 8 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****8 12.2 1.8 ***** 0.0 3 KepCorp MB eCW*****2 11 -1 7670 0.2 680 11 Rowsley Ltd W*****3 2.6 0.1 7647 1 18 9 DBS
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Jan 7 Index Change Change Change Change Change Change World Preliminary 1222.0 -1.5 -4.4 -1.7 -3.5 -1.4 -4.5 EAFE Preliminary 960.1 -2.0 -5.3 -2.0 -4.5 -1.7 -5.5 Europe Preliminary 1341.7 -1.9 -5.0
      377 words
    • Article
      Lock icon Bad loans unlikely to rise to global financial crisis levels: OCBC CEO
      517 14  -  Customers have stronger fundamentals; central banks ensuring sound banking systems By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore OCBC Bank’s chief executive says non-performing loans will not rise to “a level of grave concern” as customers have stronger fundamentals
      517 words
    • Article
      Lock icon S’pore banks to partner Chongqing government, Chinese lenders
      524 14  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE banks inked deals with the Chongqing government on Friday to promote cross-bor-der trade and investment between Chongqing and Southeast Asia, including Singapore. DBS’s agreements also include tie-ups with Chinese banks and financial institutions. Under a
      524 words
    • Corporate digest
      • Article
        Lock icon Lippo Malls
        74 14 LIPPO Malls Indonesia Retail Trust has, through Kuta1 Holdings, an indirect wholly owned subsidiary of LMIR Trust, entered into a conditional sale and purchase agreement with PT Pamor Paramita Utama for the acquisition of Lippo Mall Kuta, a three-storey retail mall located in Kuta, Bali. The purchase consideration
        74 words
      • Article
        Lock icon Ezra Holdings
        34 14 EZRA Holdings has issued a profit guidance for its Q1 FY2016 results. For the three months ended November, results will show a net loss. The results will be announced on Jan 14.
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      • Article
        Lock icon SUTL Enterprise
        30 14 SUTL Enterprise has agreed to sell its entire 51 per cent equity stake in Achieva Technology to SCE Enterprise, a subsidiary of Serial System, for about S$2.4 million.
        30 words
    • Article
      Lock icon Diversification backs revenue but dents profit at Triyards
      366 14  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore TRIYARDS Holdings, Ezra Holdings’ yard operating subsidiary, posted a 38 per cent increase in first-quarter revenue on diversification of its order book beyond the oil price-linked offshore marine sector, but its net profit slipped 25
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Luxury hostel Adler ready to expand footprint
      634 15  -  Singapore founder eyes Japanese, Australian markets By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A YEAR in from its S$ 1 million expansion, local luxury hostel Adler Hostel is now keen to grow its footprint both in Singapore and overseas through management contracts. Located in
      634 words
    • Article
      Lock icon China poised to solve its real estate inventory problem: JPMorgan
      514 15 Bloomberg New York AS Chinese equities start the year in free fall, one analyst has a counterintuitive call on what is perhaps the country’s most feared sector: real estate. Wh i le the China Developers Index is down roughly 35
      Bloomberg  -  514 words
    • Article
      Lock icon Europe commercial property sales may slow
      299 15 Bloomberg Berlin OFFICES and shops in London, Paris and Frankfurt may be a little harder to sell this year because of concerns over high prices and shrinking demand from Asian and Middle East investors. The value of commercial property sales will probably be little
      Bloomberg  -  299 words
    • Article
      Lock icon Househunt
      1219 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 25 AND DEC 1, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Clift Apt 27/11/2015 99 506 1025 2026 District 3 NON-LANDED Alex Residences Apt 27/11/2015 99
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  • BANKING & FINANCE
  • Page 17 Advertisements
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      411 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TRANS 99 PTE LTD Co Reg No. *****2516M (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of TRANS 99 PTE LTD, duly convened and held on 22nd December 2015 the following were duly
      411 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Samsung’s operating profit rises 15%, a sharp slowdown
      651 19 Results show its vulnerability to global weakness in demand for electronics NYT Hong Kong LAST year, with smartphone sales sagging, Samsung Electronics said that it would orchestrate a turnaround using the components that power electronics things like chips, screens and circuits. Indeed,
      NYT; PHOTO: REUTERS  -  651 words
    • Article
      Lock icon Facebook Messenger has over 800m users a month
      447 19 AFP San Francisco FACEBOOK announced that the number of people using its Messenger application monthly has shot past 800 million, with more features on the way to win even more fans. “The Messenger team’s mission is to make Messenger the best place
      AFP  -  447 words
    • Article
      Lock icon Support for ‘unicorn’ tech startups wane in Q4: report
      338 19 Reuters San Francisco INVESTOR enthusiasm for highly valued private technology companies waned substantially in the fourth quarter last year, with new data revealing that the growth of the so-called “unicorn” herd slowed dramatically. Just nine tech companies last quarter became unicorns,
      Reuters  -  338 words
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  • CONSUMER
    • Article, Illustration
      Lock icon New technology puts health care in the palm of your hand
      788 20 Wearable sensors can diagnose and even treat ailments AFP Las Vegas MANAGING your health care is moving increasingly to the palm of your hand with new smartphone-enabled technology and wearable sensors that examine, diagnose and even treat many conditions
      AFP; PHOTO: AFP  -  788 words
    • Article
      Lock icon New diet rules would take 20% bite out of US sugar use
      506 20 Reuters New York IF the US government has its way, Americans would cut their consumption of sugar and corn syrup by more than 2 million tonnes a year the latest blow for a sweetener industry facing an onslaught
      Reuters  -  506 words
    • Article, Illustration
      Lock icon Lenovo’s new smartphone can map your room, show you the way
      579 21 It is the first company to incorporate Google’s 3D-scanning technology named Project Tango Bloomberg Tokyo LENOVO Group has unveiled a smartphone that can see and map out its surroundings with help from an Alphabet Inc 3D-scanning technology named Project
      Bloomberg; PHOTO: BLOOMBERG  -  579 words
    • Article, Illustration
      Lock icon M&S’s shrinking fashion share gives new boss familiar challenge
      412 21 Bloomberg London TO FIX its fashion failings, Marks Spencer Group plc has performed an about-face in its leadership selection process. Unlike departing chief executive Marc Bolland, a Dutchman who was parachuted in from a supermarket chain in 2010, Steve Rowe is
      Bloomberg  -  412 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon VW chief’s unglamorous mission in Detroit
      804 22 Mueller to apologise over emission-cheating software scandal next week AFP Washington WHEN the world’s leading carmakers unveil glitzy new models at the Detroit car show next week, Volkswagen’s chief executive Matthias Mueller will be in town on a less glamorous mission. In his first
      AFP; PHOTO: AFP  -  804 words
    • Article, Illustration
      Lock icon Boeing orders fall by half in 2015 but deliveries hit record
      565 22 AFP New York BOEING’S aircraft orders fell by nearly half in 2015 even as deliveries rose to an annual record, the aerospace giant said on Thursday. Boeing said that net orders for new commercial aircraft fell to 768 last
      AFP; PHOTO: AFP  -  565 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Norway’s oil fund reviews equity weighting
      409 23 Finance minister says it is important to determine how much of the assets should be invested in stock market Reuters Oslo NORWAY’S Finance Ministry has appointed a group of experts to evaluate how much of the country’s US$818 billion oil fund should be invested
      Reuters  -  409 words
    • Article
      Lock icon German industrial output falls unexpectedly as China slows down
      373 23 Bloomberg Hamburg GERMAN industrial production unexpectedly fell in November, led by investment goods, in a sign that a slowdown in emerging markets such as China and Brazil may weigh on economic growth. Output, adjusted for seasonal swings and inflation, slid 0.3
      Bloomberg  -  373 words
    • Article
      Lock icon London fails EU annual pollution limits
      462 23 Bloomberg London LONDON failed annual European Union limits on air pollution just eight days into 2016, data from the capital’s main air quality monitor show. Nineteen times this year, the concentration of nitrogen dioxide (NO2) on Putney High Street in Wandsworth, west London, exceeded
      Bloomberg  -  462 words
    • Article
      Lock icon ADB to work with China-backed AIIB, says ADB president
      336 24 AFP Manila THE US-backed Asian Development Bank (ADB) will cooperate with a major new Chinese-led multilateral lending institution, and they plan to co-finance projects this year, the ADB’s president said on Friday. The Beijing-based Asian Infrastructure Investment Bank (AIIB) has been
      AFP  -  336 words
    • Article, Illustration
      Lock icon Europe faces confidence test as borderless ideal fades
      947 24 Curbs on free movement of people and labour could hurt trade, economy Bloomberg Frankfurt HERE’S the latest in a long line of threats to Europe’s economy: the border guard. Danish officers checking travel documents on the boundary with Germany this week aren’t
      Bloomberg; PHOTO: REUTERS  -  947 words
    • Article, Illustration
      Lock icon Robert Baldwin, who transformed Morgan Stanley, dies at 95
      1286 25 He changed the firm from a staid old investment bank into a modern, competitive financial services corporation NYT New York ROBERT Baldwin, a Wall Street maverick who presided over the transformation of Morgan Stanley from a prestigious but staid old investment
      NYT; PHOTO: NYT  -  1,286 words
  • Page 23 Advertisements
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      141 23 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices NOTICE OF RESULTS OF THE MEETING BIOSENSORS INVESTMENT (SINGAPORE) PTE. LTD. (UEN/Company Registration No.: *****9974W) (the “Issuer”) NOTICE TO HOLDERS (THE “NOTEHOLDERS”) OF THE OUTSTANDING S$300,000,000 4.875 PER CENT. NOTES DUE 2017 (ISIN: SG6Y*****338) (THE “NOTES”) in respect of the meeting
      141 words
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  • OPINION
    • Article, Illustration
      Lock icon Between the devil and the deep sea
      1270 26 / 27  -  China’s dilemma deepens as the Kim Jong-un regime openly challenges its leading benefactor by claiming miniature hydrogen bomb test. By Shim Jae Hoon By Shim Jae Hoon ~The writer is a journalist based in Seoul YaleGlobal Online NO R T H K o
      YaleGlobal Online; PHOTO: REUTERS  -  1,270 words
    • Article, Illustration
      Lock icon Creating connections through tourism
      647 26 / 27  -  By Steven Dixon ~The writer is Tourism New Zealand regional manager for South and Southeast Asia 2015 was a big year for SingaporeNew Zealand relations. We celebrated 50 years of partnership, we had President Tony Tan Keng Yam visiting New Zealand, and the number of Singaporeans
      FILE PHOTO  -  647 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon As January goes, let’s not bet on that yet
        1313 28 / 29  -  Traditional wisdom may not prevail, even if the ‘January barometer’ is 87.7% right. By James B Stewart NYT AS January goes, so goes the entire market year. That’s probably the best-known aphorism from the Stock Trader’s Almanac, an annual compilation of
        NYT; PHOTO: AFP  -  1,313 words
      • BROKERS'S TAKE
        • Article
          Lock icon Consumer Sector Neutral
          166 28 / 29 OCBC Investment Research, Jan 8 This year had started on a fairly bleak note, with the Straits Times Index down about 4 per cent over the last four trading days, while the consumer indices, FTSE Consumer Goods (FSTCG) and FTSE Consumer Services (FSTCS) were equally unexciting with
          166 words
        • Article
          Lock icon Shipyard Market weight
          90 28 / 29 UOB Kay Hian, Jan 8 Sembcorp Marine (SMM) could see a huge loss in 2016 (apart from a loss in Q4 2015) from the impact of cancelled Sete Brasil orders and rig value write-down. The negative impact on Keppel would be more muted. Moreover, Keppel Corp has
          90 words
        • Article
          Lock icon Singapore property & Reits
          225 28 / 29 Singapore property Reits DBS Group Research, Jan 8 Singapore property market remains in correction. We expect lower prices and rentals across most major real estate sub-sectors on the back of a more modest economic outlook for Singapore. Cyclical sectors, especially office and hotel sectors, will feel the brunt of the
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        • Article
          Lock icon Q&M Dental Group Add
          158 28 / 29  -  Compiled by Claire Huang CIMB Research, Jan 7 Jan 8 close: S$0.70 Target price: S$0.84 Q&M’s proposed spin-off of Aidite is drawing closer. Overall, we conclude that the merits of a spin-off very much depend on Q&M’s eventual stake and selling price. The tipping point would
          158 words
      • Article, Illustration
        Lock icon What’s fuelling China’s stock market sell-off?
        1063 30  -  The volatility comes from relatively affluent investors who trade frequently and are prone to herd behaviour By Wayne Arnold JUST as they did when Chinese stocks swooned in July, global investors appear to be learning the right lessons about China for all the wrong
        PHOTO: AFP  -  1,063 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Hollywood awards season kicks off with Golden Globes
      755 31 Show promises suspense, and host’s cheeky humour is likely to go down well with an audience warmed by flowing champagne AFP Los Angeles HOLLYWOOD’S biggest stars will turn out on Sunday for the Golden Globes, which kick off the industry’s awards season
      AFP; PHOTO: AFP  -  755 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      296 31 CRYPTIC CROSSWORD Across 1 Memory of crime scene in bombing (12) 8 Authorities vocal about carbon emissions discharged (7) 9 Proposition regularly spurned by girl (7) 11 Part of Beaverbrook in a war’s campaign (7) 12 Rubbish resistance by centre turned supporter (7) 13 Abandon maidenly fluttering ditching man (5)
      296 words
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  • Page 32 Advertisements
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      132 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE B R A S S U S T H E E A R LY WAT C H M
      132 words