The Business Times, 14 January 2016

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Microfilm: NL33744
Total Pages: 26
1 26 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 @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Thursday, January 14, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    244 1 The government is rolling out more measures to help container lines cope with the challenging conditions, which led to a fall in container throughput at the Port of Singapore.TOP STORIES 2 The US dollar’s surge is squeezing emerging market and sovereign and corporate borrowers.TOP STORIES 3 Companies with
    244 words
  • Article
    Lock icon Oil flirts with US$30 levels amid bearish outlook
    774 1  -  Chinese stock market rout and appreciating USD weighing on oil price: analysts By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OIL prices rebounded on Wednesday after dipping below US$ 30 a barrel for the first time in 12 years. With no supporting factors in
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  • Article, Illustration
    Lock icon Oil price recovery: a long way out
    303 1  -  Oil has had a shocking start to the year, with the international crude benchmark Brent falling below US$30 a barrel to a 12-year-low. A growing chorus of voices are predicting that prices could drop to as low as US$20 a barrel, but there
    Source: Goldman Sachs; BTGraphics: Gladys Lam, Simon Ang  -  303 words
  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,696.50 +4.72 KL COMP 1,642.54 +1.17 NIKKEI 225 17,715.63 +496.67 HANG SENG 19,934.88 +223.12 SHENZHEN B 1,174.13 -12.78 DOW (10.45 EST) 16,483.04 -33.18
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  • Article, Illustration
    Lock icon Sibor and SOR head north on China worries
    623 1  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE’S key interest rates continue to rise to levels last seen in 2008, amid persistent worries about China. The benchmark three-month Singapore interbank offered rate (Sibor), typically used to price home loans, rose for the
    Source: Bloomberg  -  623 words
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      210 1 8 "*****1 *****4 BUILDING PRODUCTIVITY Govt projects this year may exceed those in private sector TOP STORIES 4 LEASING MARKET 10% of office space at Guoco Tower taken up REAL ESTATE 12 STATE OF THE UNION ADDRESS Another Washington political spectacle OPINION 24 IWC PORTUGIESER. THE LEGEND AMONG ICONS. Portugieser
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  • TOP STORIES
    • Article
      Lock icon Singapore rolls out measures to help embattled container lines
      674 2  -  Khaw unveils concession on port dues; container throughput shrinks by worse-than-expected 8.7% in 2015 By hweetan@sph.com.sg Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Singapore government is rolling out more measures to help container lines cope with the challenging economic conditions, which
      674 words
    • Article
      Lock icon New charges slapped on 3 ex-ST Marine senior executives
      547 2  -  By Angela Tan angelat@sph.com.sg Singapore THE shocking corruption scandal which rattled Singapore Technologies Marine (ST Marine) in December 2014 is back in the limelight. On Wednesday, three former senior executives of the company a unit of Temasek-linked defence conglomerate ST Engineering
      547 words
    • Article
      Lock icon Bank Negara’s deputy governor to succeed Zeti
      468 2  -  By Pauline Ng By Pauline Ng btworld@sph.com.sg btworld@sph.com.sg Kuala Lumpur BANK Negara Malaysia (BNM) deputy governor Muhammad Ibrahim is the frontrunner to succeed governor Zeti Akhtar Aziz and his appointment is expected to be announced later in the month, according to a Malaysian
      468 words
    • Article
      Lock icon US$ rise hits emerging market borrowers
      783 3  -  China, Brazil, India, Indonesia and other Asia sovereign and corporate debts have largely been in US currency since 2009 CURRENCY SQUEEZE By Neil Behrmann btworld@sph.com.sg London THE surge of the US dollar is squeezing emerging-market and other sovereign and corporate borrowers. So much so
      783 words
    • Article
      Lock icon Renminbi’s slide against the yen may dampen Japan’s tourism boom
      639 3  -  By Anthony Rowley btworld@sph.com.sg Tokyo JUST as Japan is celebrating 2015’s record number of tourist arrivals from China and elsewhere, the accelerating slide of the Chinese renminbi and other Asian currencies against the yen threatens to undermine what for Japan
      639 words
    • Article, Illustration
      Lock icon Govt projects this year may exceed those in private sector
      918 4  -  One way construction companies can stay competitive is by changing the way they build, says BCA chief executive BUILDING PRODUCTIVITY By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THIS year and next, there will likely be more construction demand from government projects
      FILE PHOTO; Source: BCA  -  918 words
    • Article
      Lock icon Value-added ‘falls short as measure of productivity’
      758 4  -  By Lee Meixian By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE chief executive of the Building Construction Authority (BCA) has pointed out the inadequacy of the val-ue-added (VA) metric as a measure of sectoral productivity. John Keung says VA, which the government uses as
      758 words
    • Article
      Lock icon Yuan gets a booster as China’s Dec exports jump and trade surplus swells
      589 4 BLOOMBERG Beijing CHINA’S trade surplus widened and exports recovered last month, offering support to a weakening currency that has roiled global markets this year. The nation’s trade balance widened to US$60 billion, taking the full-year tally to
      BLOOMBERG  -  589 words
    • Article, Illustration
      Lock icon Nine more firms join network to hire national athletes
      490 4  -  By Lee u-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore NINE more companies have joined the government’s Sports Excellence Business Network, taking the total number of firms on board to 30. The new entrants include the likes of adidas, Hyflux, PSB Academy and NTUC FairPrice.
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      259 2 I want to... Stand out in the workplace with a degree from a triple crown accredited business school. Future Me Loughborough University Among the Top 73 Business Schools Worldwide to hold Triple Crown Accreditation (AACSB, EQUIS and AMBA) Ranked Top 5 in the UK for Business, Management and Marketing and
      259 words
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      308 3 Supported by: RSM SPEAKERS PANELLISTS Prof. Gunter Dufey Professor Emeritus of The University of Michigan Ross School, USA Consultant at the faculty of Banking and Finance, Nanyang Business School (NTU), Singapore m Tay Woon Teck Head, Risk Advisory, RSM Cheah Wee Teong Director, Risk Advisory, RSM EVENT DETAILS Daryl Neo
      308 words
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  • Page 4 Advertisements
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      44 4 Singapore Solar Energy Singapore's largest solar retailer is seeking investors to expand and develop its business further. Solar Factory Outlet Pte Ltd supplies and installs affordable solar powered systems for homes and buildings. Financiers and buying clients are welcome. Email: solar@sfo.com.sg Call: 9117 9543
      44 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon New accounting rule to affect firms with huge lease liabilities
      736 5  -  It requires leases of more than a year to be placed on balance sheet from January 2019 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore COMPANIES here and around the world with significant operating leases such as those in transport and logistics,
      FILE PHOTOS  -  736 words
    • Article
      Lock icon Cash may provide better returns than other assets in 2016: KKR
      490 5 BLOOMBERG New York FOR the first time in five years, holding cash could provide better returns than other assets as risks grow for global stocks, according to KKR Co, the private equity firm that correctly predicted the global stock
      BLOOMBERG  -  490 words
    • Article
      Lock icon M&A boost for SGX transport stocks
      401 6  -  Tiger Airways leads with 2015 total return of 54.7%, followed by NOL’s 46.4%; average for 10 largest stocks is 11.8% By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore LIFTED by takeover news at the tail-end of 2015, Tiger Airways and Neptune Orient Lines (NOL) won big
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    • Article, Illustration
      Lock icon EOI for half stake in CCT’s One George St closed in December
      628 7  -  Guide price of S$2,400 psf to S$2,600 psf given to bidders: sources By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AN EXPRESSION of interest (EOI) exercise ended early last month for the sale of a half stake in CapitaLand Commercial
      PHOTO: CAPITALAND  -  628 words
    • Article
      Lock icon Lian Beng’s Q2 net profit slips 2.8% to S$22.9m
      290 7  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CONSTRUCTION and civil engineering firm Lian Beng Group on Wednesday reported a 2.8 per cent year-on-year slip in net profit to S$22.9 million for the second quarter ended Nov 30, 2015. Its revenue plunged 35
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    • Article
      Lock icon Market chaos makes China-focused hedge funds winners in 2015
      452 7 BLOOMBERG Singapore IN A brutal year for high-profile hedge fund managers like Bill Ackman and David Einhorn, less famous stock pickers focusing on China stood out for their stellar performance. China-focused managers betting on rising and falling stocks returned 11 per
      BLOOMBERG  -  452 words
    • CORPORATE DIGEST
      • Article
        Lock icon ST Engineering
        104 7 ST Electronics has secured about S$435 million worth of contracts in the fourth quarter of 2015, taking the amount of orders secured for the full year by the electronics arm of Singapore Technologies Engineering to around S$1.61 billion. Rail electronics intelligent transportation contracts of about S$91 million were
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      • Article
        Lock icon Courts Asia
        68 7 COURTS Asia has appointed Stan Kim to the position of country chief executive officer of Courts (Singapore). He will continue to hold his current role as chief information officer for the group. His appointment takes effect on Jan 18. Curtis Tobal has been appointed as the country CEO
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      • Article
        Lock icon Starland Holdings
        43 7 STARLAND Holdings has appointed Canaccord Genuity Singapore as the independent financial adviser with regard to the mandatory unconditional cash offer made by GRP Chongqing Land, a wholly owned indirect subsidiary of GRP Limited. The offer price for each share is S$0.236.
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      • Article
        Lock icon Eindec Corporation
        41 7 EINDEC Corporation has successfully completed its placement of 35.8 million placement shares. At the close of the placement on Wednesday, all placement shares were validly subscribed for, and application monies received amounted to a total of about S$7.5 million.
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      • Article
        Lock icon Duty Free International
        111 7 DUTY FREE International posted a net profit of RM16.8 million (S$5.5 million) for the third quarter ended Nov 30, up 64.7 per cent over the previous year. This was on the back of a 12.5 per cent increase in revenue, from RM135.9 million to RM152.9 million. This
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    • Article
      Lock icon New faces at top Asia posts for ING, DHL Express
      424 7  -  By leejamie@sph.com.sg Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ING Bank and DHL Express on Wednesday announced fresh appointments for top positions in Asia. ING Bank said it has hired former ANZ banker Andy Dyer as regional head of transaction services for
      424 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index Jan 13,2016 2,696.50 +4.72 (+0.18%) Current streak 1 day Day high 2,717.36 Day low 2,670.40 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,691.78 (Jan 12, 2016) FTSE ST Catalist index Jan 13,2016 476.58 -1.48 (-0.31%) Current streak 3 days Day high 479.72 Day low
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Travelite 12.0 0.250 -0.050 -16.67 Allied Tech 609.0 0.019 -0.011 -36.67 Chiwayland Intl 34,317.0 0.087 +0.009 +11.54 Kitchen Culture 10.0 0.290 +0.050 +20.83 Ziwo 70.0 0.020 -0.010 -33.33 Linc Energy 54,356.3 0.093 +0.014 +17.72 Indiabulls Trust 124.4 0.235 -0.025 -9.62 Advanced Systems 979.5 0.004 +0.001
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 378.8 1.4 *****/***** JMH USD 5106 330.0 4.7 6788/4500 DBXT MSKorea US$ 4869 136.3 2.0 6246/4478 DBXT MSEurope US$ 5172 129.1 1.8 6300/5082 Jardine C&C 3361 68.0 2.1 4258/2636 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.3 50.0 0.1
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    • Article
      Lock icon LOSERS
      81 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -205.2 -1.4 *****/***** DBXT S&P Short US$ 2221 -58.8 -1.8 2393/2086 IS MS INDIA S$D 910 -51.0 -5.3 1116/903 Lyxor EM Mkt US$ 768 -47.4 -4.1 1104/768 DBXT MSINDIA US$ 885 -27.3 -2.1 1160/885 BY PERCENTAGE CLOSE DOWN 52w high/low
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    • Article, Illustration
      Lock icon STI tracks Hang Seng Index, Dow futures
      641 8  -  Local index manages 4.7-point gain in stable session after volatility in first seven trading days of 2016 STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER the selling and volatility of the first seven sessions of 2016, the eighth session on Wednesday during which the
      Source: Bloomberg  -  641 words
    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 218 -2 222/216 271 213 6.7 5726.3 CapitaLand 312 +3 315/307 379 267 11.4 2.9 *****.6 CapitaMall Trust 190 +0.5 191/189 228 184.5 5.7 6603 CityDev 755 +6 763/750 1095 695 9.1
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME ChinaSports 78,043,400 Noble 63,047,200 Linc Energy 54,356,300 Ezra 35,368,300 Chiwayland Intl 34,317,000 Market volume 1,306,658,000 VALUE JMH USD 95,096,484 DBS Grp 92,361,244 Singtel 83,900,864 Keppel Corp 73,758,246 OCBC Bank 61,639,231 Market value 1,165,564,000
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    • Article
      Lock icon SGX ETFs
      111 8 SGX ETFs Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 275 -1 1075 278/273 355/273 275/276 IS MS INDIA US$ US643 +5 419 646/632 1000/632 643/645 80.4 Nikko AM STI ETF 275 -1 288 278/274 361/274 275/276 6.6 DBXT MSBrazil US$ US208
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 13 VALUE CLOSE BT OB/OS -764.00 -66.00 BT CADI -*****.00 +5.00 BT 10-day MA -*****.00 -76.00 FTSE ST Mid Cap 644.62 +0.97 FTSE ST Small Cap 391.46 +0.35 FTSE ST All Share 660.14 +3.03 FTSE ST China Top 159.02 -0.62 FTSE ST China 194.32 -0.83 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 Jan 13,2016 660.14 +3.03 (+0.46%) Current streak 1 day Day high 663.24 Day low 655.16 52-week high 847.98 (Apr 15, 2015) 52-week low 657.11 (Jan 12, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Jan 12,2016 1,593.45 -7.52 (-0.47%) Current streak 7 days Day high 1,606.11 Day low 1,588.62 52-week high 1,949.49 (May 15, 2015) 52-week low 1,593.45 (Jan 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 5 6 3 0 1 0 5 7 3 Manufacturing 33 43 31 4 7 12 37 50 43 Commerce 24 15 13 3 7 4 27 22 17 Tpt/Stor/Comms 12 17 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,927 6,705 37,632 107,686 1,396 109,081 Manufacturing 216,578 46,800 263,378 108,540 3,674 112,214 Commerce 93,300 32,915 126,215 163,430 1,320 164,750 Tpt/Stor/Comms 148,233 1,186 149,419 186,153 97 186,249 Finance 22,019 73 22,092 237,849 9 237,859 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Jumbo Group | Buy
        110 8 Jumbo Group Buy Jan 13 close: S$0.455 Target price: S$0.58 Maybank Kim Eng, Jan 13 Nuggets of information gleaned from our recent meeting suggest a faster turnaround for its new China outlets. Raffles City Shanghai’s startup costs could be lower than expected and IFC Mall could break even sooner, as
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      • Article
        Lock icon Sheng Siong | Buy
        78 8 Sheng Siong Buy Jan 13 close: S$0.83 Target price: S$1.05 RHB Research Institute, Jan 13 Sheng Siong remains a top pick for the consumer sector and we expect its business to remain resilient despite the macroeconomic headwinds. Maintain “Buy” with discounted cash flow-based S$1.05 target price (from S$1.10, 27 per
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      • Article
        Lock icon Singapore Airlines | Buy
        115 8 Singapore Airlines Buy Jan 13 close: S$11.05 Target price: S$14.00 UOB Kay Hian, Jan 13 We believe the market has not factored in the positive impact of lower fuel hedges on SIA’s earnings and is unduly concerned about mark-to-market losses or yield erosion. We also expect yields to stabilise in
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      • Article
        Lock icon Singapore Press Holdings | Hold
        192 8  - Singapore Press Holdings Hold Compiled by Claire Huang Singapore Holdings Hold Jan 13 close: S$3.69 Target price: S$3.78 OCBC Investment Research, Jan 13 Singapore Press Holdings (SPH) reported a Q1 FY2016 profit after tax and minority interests of S$81.3 million, up 17.3 per cent year on year, mostly due to
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    • Article
      Lock icon CALENDAR
      8 8 DATA I 9.30pm US Initial Jobless Claims
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    • Article
      Lock icon Dollar stabilises as risk aversion eases
      444 9 CURRENCIES REUTERS London THE dollar and risk-sensitive currencies rose against the yen and euro on Wednesday as the yuan steadied and better than expected Chinese trade data eased some of the pessimism over the world’s second-largest economy. The offshore yuan was flat in London
      REUTERS  -  444 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.001 4.624 0.650 5.455 47.015 97.432 0.832 8.465 3.083 1.070 73.755 33.424 1.009 11.586 0.707 23.508 25.505 0.487 0.703 Canada 0.999 4.621
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jan 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0086 1.0093 0.7029 0.7033 Canadian dollar 1.0082 1.0084 0.7027 0.7026 Euro 1.5516 1.5522 1.0813 1.0816 NZ dollar 0.9423 0.9431 0.6567 0.6572 Sterling pound 2.0711 2.0719 1.4434 1.4437
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      • Article
        Lock icon us$/s$ FORWARD RATES
        22 9 Jan 13 S$ Bid Offer 1-month 1.4363 1.4366 2-months 1.4377 1.4382 3-months 1.4392 1.4396 6-months 1.4425 1.4432 Source: OCBC
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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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        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 9 Jan 13 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 9405.00 9592.50 9230.00 9250.00 *****8 *****7 Feb16 9265.00 9450.00 9100.00 9122.50 3799 8308 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****0 *****7 Jun16 *****.00 *****.00 *****.00 *****.00 1148 2714 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 9 Most active Jan 13 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****8 8.6 -0.8 ***** 0.0 3 DBS MB eCW*****5 10.3 -0.3 ***** 0.1 1600 6 STI 2850 MB eCW*****9 4.1 unch 8000 0.0 3 Rowsley
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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 Jan 12 Index Change Change Change Change Change Change World Preliminary 1197.5 0.0 -6.3 0.0 -5.3 -0.2 -6.5 EAFE Preliminary 945.8 0.0 -6.7 -0.2 -5.9 -0.5 -7.2 Europe Preliminary 1333.8 1.2 -5.6
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jan 13 $S Offer Bid 0vernight 0.20 0.10 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.15 US$ 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 0.95 0.75 9 months 1.15 0.95 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 Jan 13 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.36 5-Year N*****0S 2.000 01-Jul-20 99.88 100.09 99.85 10-Year NX*****Z 2.375 01-Jun-25 98.7 98.85 98.47 15-Year NZ*****F 2.875 01-Sep-30 100.76 101.05 100.55 20-Year NZ*****V 3.375 01-Sep-33 107.36 107.42 107.25
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 9 Jan-12 Price Net change change Last Trade Agricultural Jan-12 CBOT Soybeans (US cents/bu) 890.75 9.75 1.11% 14/01/2016 CBOT Soybean Oil (US cents/lb) 29.01 -0.07 -0.24% 14/01/2016 CBOT Wheat (US cents/bu) 481.25 12.25 2.61% 14/03/2016 Jan-12 LIFFE Cocoa (£/tonne) 2063.00 -5.00 -0.24% 14/03/2016 LIFFE Coffee (US$/tonne) 1406.00 3.00 0.21%
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    • Article
      Lock icon SGX MAINBOARD
      3856 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High 153 131.5 AIMSAMP Cap Reit 133.5 +1 75 134 132.5 1 8.3 847.2 Low 175.5 109 ARA Asset Mgmt 112 +1 368 112.5 111
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    • Article
      Lock icon SGX CATALIST
      271 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol (’000) 1 0.3 t Advanced Systems 0.4 +0.1 979 0.4 0.3 10.5 Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.2 29.5 18
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    • Article
      Lock icon SGX ETF
      125 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2580 DBXT China50 US$ US2604 +24 2 2626 2604 7.2 High 409 206 DBXT MSBrazil US$ US208 +2 75 208 206 1750 1092 DBXT MSCHINA US$
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      Lock icon Page 5 Advertisements Column 1
      306 5 JA The Nassim Enjoy The Nassim Living Experience in o Chi Minh City, Vietnam nj.ess:, ■illll mm ass p ii I j iubUbIEI si eg li si is w !»S I. y aBfflqi "rn^srifl gpw 111 ■nil-in o i jj a ojuaa. QUvItiiiii i :>• <M liafiSI Riverside I .fc&;
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      3304 6 MANDATORY UNCONDITIONAL CASH OFFER UOBKayHian UOB KAY HIAN PRIVATE LIMITED (Company Registration Number *****0447W) (Incorporated in the Republic of Singapore) for and on behalf of GRP CHONGQING LAND PTE. LTD. (Company Registration Number *****5286N) (Incorporated in the Republic of Singapore) a wholly-owned indirect subsidiary of H GRP LIMITED (Company Registration
      3,304 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
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      713 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article
      Lock icon Rents of condos, HDB flats fall again in 2015
      483 11  -  SRX’s index for condos down 5.4% last year; volume of rental contracts in both markets up By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RENTALS of non-landed private homes as well as Housing Development Board flats continued to decline last year, based on
      483 words
    • Article
      Lock icon Hong Kong to raise supply of public housing
      319 11 BLOOMBERG Hong Kong HONG Kong Chief Executive Leung Chun-ying said the government raised its target for new housing supply, dismissing calls from developers to lift property curbs as prices are still too high. “We should continue to tackle the housing problem head-on
      BLOOMBERG  -  319 words
    • Article
      Lock icon PropertyGuru buys publisher of luxury property magazine
      445 12  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore FOR an undisclosed amount of “millions of dollars” in “cash terms”, local property site PropertyGuru has acquired Ensign Media publisher of regional luxury property magazine Property Report and owner of real estate awards programme the Asia
      445 words
    • Article, Illustration
      Lock icon 10% of office space at Guoco Tower taken up
      874 12  -  If current talks with potential office tenants materialise, occupancy will go up to 50% By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FOR GuocoLand’s integrated project Tanjong Pagar Centre, about 10 per cent of office space at Guoco Tower and 60 per cent
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      Lock icon Rents for 1st-floor retail space dip 1.2% in Q4
      627 12  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore RENTS for first-storey retail space islandwide fell 1.2 per cent in the fourth quarter of 2015 from a quarter ago to about S$ 30.50 per sq ft (psf), according to DTZ Southeast Asia. This marks
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      Lock icon Millennium Hotels & Resorts to launch new brand in S’pore in Q2
      548 12  - Millennium Hotels Resorts to launch new brand in S’pore in Q2 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore MILLENNIUM Hotels and Resorts (MHR) is launching a new brand here in Singapore this year, M Social, to attract a bigger customer base. The new brand, aimed at contemporary travellers, will be
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      Lock icon Industrial site on Lok Yang Road up for sale
      439 14 Indicative price for 133,876 sq ft property is S$20 million; sale by expression of interest Singapore A HEAVY-INDUSTRY industrial development at 1 Fourth and 4 Fifth Lok Yang Road has been put up for sale by expression of interest (EOI). The
      439 words
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      Lock icon Frasers Hospitality launches first property in Geneva
      243 14 Singapore FRASERS Hospitality, the hospitality arm of mainboard-listed Frasers Centrepoint Ltd, has added to its European portfolio with the launch of its first gold standard serviced residence in Switzerland. The opening of the 67-unit Fraser Suites Geneva, located in the city centre, brings
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      Lock icon China developers rush to refinance costly bonds
      393 14 REU TERS Hong Kong CHINESE property developers, among the heaviest borrowers in the Asian high-yield sector, are scrabbling to take advantage of cheaper funding costs at home, after a foray into offshore debt markets that has become a growing headache. Tighter conditions in
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      Lock icon Househunt
      1414 14 Property transactions for districts 2 to 28 with contract dates between Dec 2 and Dec 8,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 2 NON-LANDED Icon Apt 07/12/2015 99 570 1030 1805 Spottiswoode Park Apt 08/12/2015 99 850 743
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      169 11 FRAGRANCE REGAL PTE LTD A SUBSIDIARY OF FRAGRANCE GROUP LIMITED mSsSm XELIAKUL The Power of Dreams BRAND st M i ft 4 X V > A STATUS. A STATEMENT. Meet the statement of your status, the all-new Honda Legend Sport Hybrid SH-AWD. A breathtaking V6 3.5L Direct Injection i-VTEC® engine
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      202 12 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. mi W: www.smats.net E: smats@smats.net T:
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      148 12 Japan Real Estate Investment OrangeTee Japan Business Development Unit (JBD) in collaboration with Tokyu Livable lnc. f Japan We cover All major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, Sendai, FHiroshima, Sapporo, etc. All asset classes: Office, Retail, Residential Hotel, Land, etc. Income yielding assets with high occupancy Real
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon China yuan’s daily fixing proves difficult for analysts to predict
      735 15 Speculation is that the authorities have reverted to using the reference rate to guide the currency’s movements BLOOMBERG Shanghai FOR a rate that China’s central bank says is largely determined by easy-to-track market prices, the yuan’s daily fixing is proving
      BLOOMBERG; PHOTO: REUTERS  -  735 words
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      Lock icon China bank funding rush shows caution over outflows
      419 15 BLOOMBERG Shanghai HOW serious is the risk of a sudden exit of funds from China’s banking system? The nation’s banks aren’t waiting to find out. Ninety-nine lenders announced plans for 5.8 trillion yuan (S$1.3 trillion) in certificate of deposit sales this year,
      BLOOMBERG  -  419 words
    • Article
      Lock icon Wall Street frets Fed proposal will become a US$550b headache
      634 15 BLOOMBERG New York A FEDERAL Reserve proposal to make the banking system safer may end up forcing the biggest US banks, including JPMorgan Chase Co and Citigroup Inc, to raise as much as US$550 billion more in the bond market
      BLOOMBERG  -  634 words
  • Page 15 Advertisements
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      165 15 INVITATION FOR MOTOR INSURANCE TENDER (S D M/S DS L/SG/T0001/2016) Sime Darby Singapore Limited (SDSL) cordially invites reputable companies with a strong Motor insurance background to tender for the Group's retail insurance business. Please write in to sdsltender@simedarby.com.sg to express interest to participate in this Tender, by 22 January 2016
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      289 15 FUTURE 1 I t I I I i II I f S CHINA ADVANCED LEADERS PROGRAMME EMPOWERING EIJTIJRE LEADERS WITH CHINA-READY SKILLS Join the Programme and get up to 50% grant “Every class has been very relevant, from addressing China current issues to inculcating the Chinese culture in us Learning
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  • ENERGY & COMMODITIES
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      1 16 NOTICES
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      200 16 New Year Special! First 20 Sign-up will get a FREE Wireless Mouse! How will the Fed’s rate hike impact the Market Outlook in 2016? What are the potential opportunities in stocks from a Fundamental Perspective? Attend and learn how to position yourselves as traders or investors in the current global
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      44 16 What next after SG50? Will Singapore see 2065? Will politics here become more primal or pragmatic? Leading thinkers Peter Schwartz, Saskia Sassen and Bilahari Kausikan ponder these questions in a new book. GET A COPY NOW! Now available at all major bookstores and www.stpressbooks.com.sg
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      2985 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices NAM LEE PRESSED METAL INDUSTRIES LIMITED (Company Registration No. *****0362M) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Nam Lee Pressed Metal Industries Limited ("the Company") will be
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon IT revolution falling short of its promise: World Bank
      652 18  -  Report says a large part of the world’s population is still being denied the benefits of digital technologies By Anthony Rowley btworld@sph.com.sg Tokyo THE so-called information technology (IT) revolution is falling short of bringing the universal benefits it initially promised because
      BT FILE PHOTO  -  652 words
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      Lock icon Shares of Tata Consultancy Services slump as India floods stall work
      564 18 BLOOMBERG Mumbai SHARES of Tata Consultancy Services Ltd headed for a 19-month low after sales fell short of estimates in a quarter marked by seasonal holidays and floods that stalled work at a key development centre in India. The
      BLOOMBERG; PHOTO: BLOOMBERG  -  564 words
    • Article
      Lock icon After a dull year, 2016 promises more action from US tech IPOs
      1156 18 BLOOMBERG San Francisco AFTER an unusually slow year for technology companies going public, investors and bankers are expecting 2016 to be more fruitful. They’re counting on a string of corporate software companies to fill the pipeline of initial
      BLOOMBERG  -  1,156 words
    • Article
      Lock icon Most prized and shorted tech stock Mobileye caught in driverless war
      531 18 BLOOMBERG Tel Aviv FOR investors trying to divine the path to a driverless future, Mobileye NV has become a battleground. The Jerusalem-based maker of software for driverless cars went public in a US$1 billion offering in July 2014, the
      BLOOMBERG  -  531 words
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  • CONSUMER
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      476 19 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF EUROPTRONIC (SINGAPORE) PTE LTD (IN COMPULSORY LIQUIDATION) CO. REG. NO.1 991 *****Z COMPANIES WINDING UP NO. 112/2015 NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, by an Order of Court in the
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      396 19 In The Matter of The Companies Act Cap. 50 And In The Matter of HOMESTAY RESIDENCES PTE. LTD. Company Registration Number: *****9696C (In Members’ Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Member of the abovenamed Company duly convened and held at 50 Cuscaden Road,
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  • GOVERNMENT & ECONOMY
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      Lock icon World feels the impact of China’s economic woes
      1078 20 Countries from South Africa to Brazil see escalating risks of prolonged slumps and financial losses, and face rising inflation and unemployment WP Washington CHINA’S economic slowdown and financial mayhem are fostering a cycle of decline and panic across much of the world,
      WP; PHOTO: REUTERS  -  1,078 words
    • Article
      Lock icon Foreign investment plummets in Thailand
      457 20 AFP Bangkok FOREIGN investment in Thailand plummeted last year, official data showed, the latest sign that the kingdom’s once-vibrant economy continues to falter under prolonged military rule. Total investment applied for by foreign companies between January and November 2015 plunged 78 per cent from a
      AFP  -  457 words
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      Lock icon Vietnam’s consumer promise beckons in M&A
      688 20 BLOOMBERG Hanoi VIETNAMESE mergers and acquisitions (M&A) are forecast to hit a fresh record again this year, spurred by foreign buyers’ interest in the country’s fast-growing consumer sector. Announced acquisitions involving Vietnamese companies rose 40 per cent last year to US$4.3 billion, beating the
      BLOOMBERG  -  688 words
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      Lock icon BOE wants to get tougher on rule-breaking banker bonuses
      360 20 REUTERS London THE Bank of England has proposed a new rule for recovering bonuses of rule-busting bankers who have moved to a new employer. Britain already has among the world’s toughest rules on banker pay, introduced amid public anger over lenders
      REUTERS  -  360 words
    • Article
      Lock icon Life sciences salaries to rise 3-5% this year: Randstad
      422 20  -  By Grace So graceso@sph.com.sg Singapore NEW tech hubs in the region are driving demand for multi-disciplinary life sciences professionals in Singapore, resulting in higher expected compensation this year. Salaries across the industry are expected to rise 3-5 per cent in 2016,
      422 words
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      Lock icon Obama to Americans: Don’t fear the future, embrace change
      1005 21 In his last State of the Union address, he attacks Republicans for talking up the ISIS threat and talking down the US economy AFP REUTERS Washington US President Barack Obama told Americans nervous about terror and a changing economy that they
      AFP; REUTERS; PHOTO: BLOOMBERG  -  1,005 words
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      Lock icon Khazanah: 2016 will be another challenging year
      478 21 BLOOMBERG REUTERS Kuala Lumpur KHAZANAH Nasional Bhd said that 2016 will continue to be challenging for the Malaysian sovereign wealth fund after a “rollercoaster” year which saw its assets decline amid turmoil in financial markets. The net asset value of Khazanah’s investments fell
      BLOOMBERG; REUTERS  -  478 words
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      112 20 WWW.SHAPE.COM.SG Geta Knockout Body EVERYONE’S GOINGCRAZY FORBOXING Travelling solo could be the best thing for your life! Pg 22 SINGAPORE JANUARY 2016 I $6.00 SEXY, DON’T-CARETRESSES PRO TIPS FOR TOUSLED BOMBSHELL LOCKS “I’venever workedsohard tolookgood forsomething.” KALEYCUOCO getsrealabouther coverbodregime Post-workout power foods to bump up recoveryPg 92 Healthy Meal Deliveries
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      233 21 300 \Ot> tV B0 cm r 0 m 2 rcM V ifjtjsr 6 r ■H LsP 1 4 Pillars to a Successful Leadership —-Yoo 500 t Need tips to get better workplace results from your team? f L2£® X, K I -&9- I wj Learn how to reach out to
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  • TRANSPORT
    • Article
      Lock icon Driverless cars improving despite close calls: Google
      733 22 But experts say the company’s report doesn’t provide enough information to definitively say whether the technology is safe WP San Francisco GOOGLE’S fleet of 53 driverless cars, currently being tested on roads in California and Texas, have never been at fault in an
      WP  -  733 words
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      Lock icon Volvo returns in style, driven by new owners
      839 22 NYT Detroit RECORD sales in the US auto industry have left the biggest carmakers flush with cash, which they are pouring into new models on display this week at the annual North American International Auto Show here. But even the smallest auto
      NYT; PHOTO: AFP  -  839 words
    • Article
      Lock icon California board rejects Volkswagen fix as setbacks grow
      878 22 BLOOMBERG Frankfurt VOLKSWAGEN AG’s (VW) work to overcome the emissions-cheating scandal was set back after the California Air Resources Board (CARB) rejected its proposed engine fix, just a day before chief executive officer Matthias Mueller meets regulators to discuss ways out of
      BLOOMBERG  -  878 words
  • Page 22 Advertisements
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      51 22 HOT PROPERTY 3-STY SEMI-D 4000 sf. 6+1 with Attic, Pool Roof Terr. Near MRT, Malls Schools 2 years lease. HEART OF NATURE, green corridor. 8900/ 4000 sf 2 sty 4+1, pool patio, mature gdn. $7K. LANDED PROPERTIES FOR RENT Check out these properties and more in The Straits Times Classified
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      19 22 Lunar New Year Online shopping Recipes Fashion tips Events calendar Check them out now! Scan QR or visit cny.zaobao.com
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      17 22 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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      922 23 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 Jul 10 Jul 15 Jul APL Columbus
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  • OPINION
    • Article
      Lock icon AGC in spotlight for swift action on Malaysian scam probe findings
      553 24 EDITORIAL THIS is no ordinary probe; two weeks have passed since Malaysia’s anti-graft agency revealed that it has submitted to the Attorney-General’s Chambers (AGC) the findings of its investigations into the RM2.6 billion (S$850 million) transferred into Prime Minister
      553 words
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      Lock icon Comfort women deal a geopolitical game-changer
      780 24  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE year-end agreement between Japan and South Korea to resolve the issue of wartime “comfort women” which has been poisoning the relationship between
      780 words
    • Article, Illustration
      Lock icon Another Washington political spectacle
      1224 24  -  The State of the Union address by the US president has acquired its own unique rituals By Leon Hadar Washington US PRESIDENT Barack Obama became a member of a very exclusive club on Tuesday night, when he delivered his State of the Union (SOTU) address to
      PHOTO: BLOOMBERG  -  1,224 words
    • Article
      Lock icon Welcome to the multi-currency reserve system
      779 25  -  COMMENTARY By David Marsh T The writer is managing director at the OMFIF OMFIF SORRY about the mild panic on stock markets so what else is new? but financial practitioners and observers should really get wise about the renminbi. The fundamental point about the
      OMFIF  -  779 words
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      Lock icon The way forward for logistics, fleet managers in Asean
      1174 25  -  The current state of road and rail transports in South-east Asia is considered to be the major barrier to the development of logistics in the region. BY TUAN LE region.BY TUAN LE T The writer is general manager, Asean, at Orange
      PHOTO: REUTERS  -  1,174 words
    • Article
      Lock icon Let companies decide if they want to report quarterly or half-yearly
      424 25  -  LETTERS TO THE EDITOR S Kumar I REFER to your Hock Lock Siew column headlined “Quarterly reporting revisited” (BT, Jan 13). When quarterly reporting was first implemented in 2003, there was a chorus of naysayers who voiced their opposition.
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      Lock icon Make it half-yearly reporting instead
      126 25  -  Hwang Soo Jin HAVING read the pros and cons on the issue of whether to scrap the quarterly reporting requirement, I am of the view that a reasonable solution would be to replace it with half-year-ly reporting. I have long felt that under the existing
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  • LIFE & CULTURE
    • Article
      Lock icon Disney to open theme park in Shanghai in June
      475 26 US$5.5b resort will “reflect Disney’s legendary storytelling along with China’s rich culture”, says CEO AFP Los Angeles DISNEY’S long-awaited theme park in China’s commercial hub Shanghai its first on the mainland will open on June 16, the company announced on Tuesday.
      AFP  -  475 words
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      Lock icon Japan’s maker of mascots feeds a nation’s craving for cuteness
      737 26 NYT Miyazaki, Japan FOR some of Japan’s most adored celebrities, the journey to fame starts in a converted Internet cafe above a bowling alley in this sunny south-western city. This is where Hiromi Kano runs her unlikely star factory, an
      NYT; PHOTO: KO SASAKI/THE NEW YORK TIMES  -  737 words
    • Article
      Lock icon White men, boardrooms, and a diversity push
      833 26 BLOOMBERG New York TONY Maldonado was just 15 when he posed a question that’s nettling some deep pockets in the stock market: “How come everyone on the board is white?” While surfing the Web three years ago, the teenager discovered the board at
      BLOOMBERG  -  833 words
    • Article
      Lock icon Emergency stairs a scenic route to fitness in Japan
      577 26 WP Tokyo MORE and more people are recreationally climbing the emergency staircases of high-rise buildings and towers, both for the views they can enjoy from the lofty structures and the exercise the climbs provide. Climbing events held at such structures offer
      WP  -  577 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      315 26 CRYPTIC CROSSWORD Across 8 Don’t make me laugh: instruction to trainee bellringer? (4,3,5,3) 9 Antelope bagged by foreign upstart (3) 10 Mum and dad, perhaps oddly impersonal entertaining daughter (11) 11 Fur, black, entered in auction (5) 12 Evicted Doctor of Divinity shown around island cottage (9) 15 Arab from
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