The Business Times, 23 January 2016

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Microfilm: NL33745
Total Pages: 41
1 32 The Business Times
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      61 1 LivingBTTHE BUSINESS TIMES WEEKEND Ja uary 23-24, 2016 IN OLD WITH THE TAKE TRADITION A STEP FURTHER WITH TREASURED FESTIVE FOODSL2-3 LO AND BEHOLD Yusheng with a twist L4-5 2016 CRUNCH TIME Indie bakery treats L6-7 SPRING CLEAN Red, gold and monkey L8-10 BEAUTY Hard cell L12 ILLUSTRATION: GLADYS LAM
      61 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon IN WITH THE OLD
        1801 2 / 3  -  Take tradition a step further with these treasured festive foods. By David Yip DA DI HUI CHUN Chinese New Year heralds the arrival of spring the season of new beginnings. The Chinese mark this symbolism by spring-cleaning their homes and donning new clothes, and with auspicious
        PHOTOS: DAVID YIP  -  1,801 words
      • Article, Illustration
        Lock icon LO AND BEHOLD
        1190 4 / 5  -  With monkey head mushrooms, lychee caviar and beef thrown into the mix, yusheng is no longer what it used to be. By Tay Suan Chiang By Tay Suan Chiang Ascension to Wealth Yu Sheng, S$68 Akari Japanese Dining Bar, Marina Bay Financial Centre, #01-02Z6634 0100 Available Feb
        1,190 words
      • Article, Illustration
        Lock icon CNY cookies with a twist
        1560 6 / 7  -  Why settle for run-of-the-mill new year snacks when independent bakeries are coming up with unusual versions of their own? BT Weekend takes a bite of their offerings. By Rachel Loi and Tan Teck Heng By Rachel Loi, Tan Teck Heng rachloi@sph.com.sg @RachelLoiBT thtan@sph.com.sg Out Of
        OUT OF THE CAKE BOX PHOTO BY LAURA NG; BLOOMSBURY BAKERS PHOTOS BY LAURA NG; FLOURISH PHOTO BY LAURA NG; PHOTOS BY LAURA NG  -  1,560 words
    • DESIGN
      • Article, Illustration
        Lock icon SPRING CLEAN
        860 8 / 9  -  No need to go garish. Spruce up the home for Chinese New Year with splashes of red and gold, and maybe a monkey or two. By Tay Suan Chiang Red White Copper Flower Vase, S$68 Atomi, Mandarin Gallery, #04-26 Japanese copper cast maker Odakou Douki Co, from Takaoka,
        EGG3 PHOTOS: YEN MENG JIIN  -  860 words
      • Article
        Lock icon wine & dine
        499 10 wine dine with BT Weekend Carlton City Hotel Singapore 1 Gopeng StreetZ6632-8921 Lunar New Year Shoppe at Tuxedo Entertain guests in the comfort of your own home with homemade goodies from the Lunar New Year Shoppe, located at Tuxedo (lobby level). Toss to a properous Chinese New Year with the
        499 words
    • TRAVEL
      • Article, Illustration
        Lock icon Touch of class for Macau
        745 11  -  The St Regis wagers on luxury by opening a casino-less property in the gaming-mad Chinese special administrative region. By Dylan Tan By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT BETTER late than never, as they always say, as luxe finally comes to Macau with the opening of the
        745 words
    • BEAUTY
      • Article, Illustration
        Lock icon HARD CELL
        1059 12  -  Transcending placenta creams and illegal injections, the latest in stem cell technology developed by a homegrown company is the real deal in cutting-edge, anti-ageing cosmetics. By May Yip By May Yip FOR years, every other cream that claims to be “innovative” and comes with an astronomical price tag
        1,059 words
    • HEALTH
      • Article, Illustration
        Lock icon Preventing sudden cardiac death
        1456 13  -  Whether young or old, one needs to take precautionary measures against the silent killer 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
        FILE PHOTO  -  1,456 words
    • MOTORING
      • Article, Illustration
        Lock icon Seven wonder
        580 14  -  The funky Toyota Sienta is one of the cheapest seven-seaters on the market. By Samuel Ee samuelee@sph.com.sg THE boxy proportions of the multi-purpose vehicle or MPV usually mean it is not the most stylish looking model on the road. Unless it’s the new oyota Sienta. The second-genera-tion Sienta
        PHOTOS BY: YEN MENG JIIN  -  580 words
      • Article, Illustration
        Lock icon GRAN VAN
        627 15  -  The premium BMW 216d Gran Tourer is the most expensive Cat A MPV. By Samuel Ee samuelee@sph.com.sg THE BMW 216d Gran Tourer may have an impressive-sounding name for what is essentially an MPV but it also stands out for its unique positioning this seven-seater is the only compact
        627 words
    • SPORTS
      • Article, Illustration
        Lock icon Foxes on a high, but will it last?
        865 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent COULD this be the beginning of the end for Leicester City’s meteoric rise to the pinnacle of English football? The Foxes (the club’s nickname) have won only one of their last seven matches in
        PHOTOS: AFP, REUTERS  -  865 words
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      36 12 step of ‘SUPER APPLE’ Homegrown skincare brand Skin Inc utilises the stem cell extract of Switzerland’s rare species of Uttwiler Spätlauber apple, which has reportedly appeared to nourish and stimulate human stem cells in clinical tests.
      36 words
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      29 13 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/specials/shscc
      29 words
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  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www. sinesstime .com. g| JANUARY 23-24, 2016 S$1.00| MCI (P) 040/08/2015 sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article
    Lock icon Jail for ex-MP Phey Yew Kok
    36 1 DUE PROCESS THE former NTUC chairman, 81, is sentenced to 60 months in prison after he pleaded guilty to 12 charges, including 10 counts of criminal breach of trust. 2
    36 words
  • Article
    Lock icon Office rents seen dipping again
    32 1 GLUT EFFECT SUPPLY overhang of over four million square feet in gross floor area slated for completion in 2016 will push vacancy rates past double digits. 4
    32 words
  • Article
    Lock icon Asean legal convergence needed
    33 1 KEY FACTOR MINISTER for Law K Shanmugam says the region’s diversity in regimes is a major barrier holding back investment into Asia and hindering the growth of businesses. 5
    33 words
  • Article
    Lock icon S’pore aims to cut business costs
    31 1 HELPING HAND FINANCE Minister Heng Swee Keat says that the government would review regulations to reduce compliance burden and costs, particularly for small companies. 6
    31 words
  • Article, Illustration
    Lock icon Stocks rout adds to property market woes
    1177 1  -  Private housing market data points to rental market reaching critical state By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SOME analysts believe the private housing market is a resilient one, given the rise in volume of private home sales last year and the mere 0.5
    PHOTO: REUTERS  -  1,177 words
  • Article, Illustration
    Lock icon Manufacturing leads rising layoffs among unionised jobs
    771 1  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE pace of retrenchment in the manufacturing sector here seems to have quickened for unionised companies, due to cyclical and structural factors. Some 2,512 workers in the unionised sector were laid off last year, 11.8 per cent
    Source: NTUC  -  771 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      51 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Dining L2-7 Design L8-10 Travel L11 Beauty/Wellness L12 Health L13 Motoring L14-15 Sports
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,577.09 (+44.39) GSTI FUTURES 2,576.00 (+45.00) GSIMSCI 288.94 (+5.25) GSIMSCI FUTURES 289.25 (+5.80) STOCKS Friday Change KL COMP 1,657.61 +2.48 NIKKEI 225 17,697.96 –69.38 HANG SENG 20,453.71 +120.37 SET 1,244.18 +19.35 JAKARTA 4,546.29 +15.84 MANILA 6,575.43 –43.45 KOSPI 1,917.62 +13.29 SHENZHEN B 1,250.89 +31.16 MUMBAI 24,934.33 +82.50 10.45
      136 words
    • Article, Illustration
      Lock icon Markets latch on to 10% bounce in oil prices
      557 2  -  Talk of more monetary easing from Europe and Japan triggers rebound By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore OIL prices rebounded with such a vengeance on Friday that analysts suggest the panic engulfing global financial markets might be at a temporary end.
      Source: Compiled from Bloomberg at 5.45pm on Jan 22,2016  -  557 words
    • Article
      Lock icon Phey Yew Kok sentenced to 60 months in jail
      441 2 Straits Times Online Singapore FORMER NTUC chairman and ex-MP Phey Yew Kok, 81, was sentenced to 60 months in jail on Friday. He had pleaded guilty to 12 charges, including committing 10 counts of criminal breach of trust, one count of
      Straits Times Online  -  441 words
    • Article, Illustration
      Lock icon 2016 office vacancy rate seen hitting double digits
      665 4  -  Analysts cite business sentiment and new space coming up; Q4 rents down 1.8% By leemx@sph.com.sg Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore COMMERCIAL property prices and rentals fell further in the fourth quarter of last year, as supply outpaced demand. According to figures released
      Source: URA  -  665 words
    • Article, Illustration
      Lock icon Testing time for TRs but there’s still hope
      716 5  -  It’s yesterday once more for the profession in some ways, but the job is still appealing enough to attract new blood COMMENTARY R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent ‘IT’S CERTAINLY worrying times for stockbrokers. Trading volume has been declining and commissions have
      716 words
    • Article
      Lock icon ‘Legal convergence needed in Asean for region to soar’
      281 5  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore COMMON norms and practices developed by the Asian Business Law Institute can ease cross-bor-der trade in Asia and facilitate dialogue between countries, which can lower costs and increase business flows, Minister for Law K Shanmugam
      281 words
    • Article
      Lock icon Govt to review ways to cut business costs
      634 6  -  Finance minister also says that firms must innovate and go beyond competing on cost By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government is looking at ways to make it easier for companies to do business in Singapore, said Finance Minister Heng Swee
      634 words
    • Article
      Lock icon The Edge media group to cut jobs, restructure
      424 6  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE Edge Media Group, hit by a two-month suspension of its weekly and daily publications last year and faced with drooping business conditions plus a shifting media landscape, is laying off staff and restructuring its operations
      424 words
    • Article, Illustration
      Lock icon The changing face of employee loyalty
      832 7  -  It could be seen as the level of engagement and commitment, instead of as a lifetime contract CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg Singapore THERE’S an amusing sign on a colleague’s desk that says: I work for money if you want loyalty, get
      832 words
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      208 3 (3 (j Majesty V: N> 3>* HR o? ’-0 0\ s« fflSP£ tJYrVfi PfX. L X v ■'j'-' i T T C ■i\ 4 I A •v xcj-trg i ,u A p* fjjf, m mmm mm//// .r~*, v v 1 Hi A < V" r iSberjitfa* iv The IVI E2
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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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      600 7 NOTICES STANGER HOLDING FINANCE S.A. Company No. *****1 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1 )(a)(i) of the BVI Business Companies Act, 2004 that Graeme Walter Briggs at 163 Penang Road, #02-03, Winsland House II, Singapore *****3 has been appointed as the voluntary Liquidator
      600 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Super hero CEO
      1832 8 / 9  -  Under Tom Pike’s vision, Quintiles targets market share and expansion even as the pharma industry remains beset with woes. By Claire Huang huangjy@sph.com.sg @ClaireHuangBT JOB description: Saving the world. Sounds like something right out of a Marvel comic or a Hollywood superhero action flick but it’s in
      PHOTO: YEN MENG JIIN  -  1,832 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Cheaper fuel lifts Tiger’s earnings in Q3
      498 10  -  Combined with higher lease rental income, net profit rises to S$6.78m from S$2.19m By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CHEAPER jet fuel and increased lease rental income helped boost Tiger Airways’ net profit for Q3 FY16 to S$6.78 million, up from S$2.19 million
      498 words
    • Article
      Lock icon CMTML sees positive rental reversions
      580 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore CAPITALAND Mall Trust Management Limited (CMTML) is not ruling out quarters with negative rent reversions in the coming year. However, CMTML chief executive officer Wilson Tan stressed that while there will be downward pressure on rental reversions, he is
      580 words
    • Article
      Lock icon A-Reit’s Q3 DPU rises 10%; manager’s chief exec to retire in March
      384 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore CONTRIBUTIONS from new properties, asset enhancement initiatives and positive rental reversion on renewals led Ascendas Real Estate Investment Trust (A-Reit) to post a 10 per cent jump in distribution per unit (DPU)
      384 words
    • Article, Illustration
      Lock icon STI down 2% at the end of a volatile week
      573 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent A DISASTROUS start, an even worse midweek session, followed by an encouraging finish this sums up the week just past, during which equity markets everywhere continued to display massive volatility, reportedly because of
      573 words
    • Article
      Lock icon GAINERS
      74 11 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 7069 391.7 4.0 9182/6250 DBXT MSKorea US$ 4808 255.9 3.9 6246/4478 DBXT China50 US$ 2491 117.2 3.4 4258/2407 JMH USD 5100 85.8 1.2 6788/4500 Lyxor Europe US$ 1226 67.2 4.0 1583/1174 BY PERCENTAGE CLOSE UP 52w high/low Allied Tech 2.3
      74 words
    • Article
      Lock icon LOSERS
      73 11 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -70.1 -0.5 *****/***** DBXT S&P Short US$ 2300 -64.3 -1.9 2393/2086 DairyFarm USD 596 -20.0 -2.3 977/576 DBXT CSI300 US$ 780 -12.9 -1.1 1471/777 Willas-Array 58 -12.0 -17.1 107.5/51 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaSing Inv 0.5 -54.5 -0.6
      73 words
    • Article
      Lock icon MOST ACTIVE
      35 11 VOLUME Linc Energy 75,844,200 Noble 74,233,500 Global Logistic 57,166,000 Ezra 53,734,200 StratechGroup 52,183,700 Market volume 1,410,631,000 VALUE DBS Grp 224,026,721 Singtel 107,865,289 UOB 99,887,465 Global Logistic 98,963,792 OCBC Bank 69,899,288 Market value 1,442,357,000
      35 words
    • Article
      Lock icon Analysts split over Keppel’s S$230m default risk provision
      694 11  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Corporation’s provision of S$230 million for the Sete Brasil contract in its FY2015 financial results has triggered questions about how the conglomerate assesses the default risks stemming from a financially stricken client answerable for
      694 words
    • Article
      Lock icon STI STOCKS
      306 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 217 +4 219/214 271 209 6.7 5700 CapitaLand 299 +4 302/293 379 267 11 3 ***** CapitaMall Trust 196.5 cd +0.5 197.5/191 228 184.5 5.5 6828.9 CityDev 675 +1 689/661 1095 661
      306 words
    • Article
      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 265 +5 611 266/261 355/260 264/265 IS MS INDIA US$ US621 +13 421 621/609 1000/605 621/624 77.6 Nikko AM STI ETF 264 +5 397 266/260 361/259 264/265 6.4 DBXT MSRussia US$ US143 +10 168
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      777 12 For week beginning Jan 18 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Annica Hldgs 21-Jan-16 Value Capital Asset Mgmt Sell ***** *****1 20.16 *****0 18.85 Annica Hldgs 21-Jan-16 Premier
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 5 1 0 0 9 2 5 Manufacturing 50 30 24 10 4 7 60 34 31 Commerce 31 15 11 3 6 2 34 21 13 Tpt/Stor/Comms 22 8 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,281 916 35,197 110,620 159 110,779 Manufacturing 141,642 54,768 196,410 103,226 1,482 104,708 Commerce 114,704 48,571 163,275 123,050 1,003 124,052 Tpt/Stor/Comms 156,065 968 157,033 204,522 74 204,596 Finance 50,391 12 50,403 416,936 1 416,937 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jan 22 VALUE CLOSE BT OB/OS -990.00 +17.00 BT CADI -*****.00 +111.00 BT 10-day MA -*****.00 -99.00 FTSE ST Mid Cap 621.91 +4.37 FTSE ST Small Cap 375.27 +3.64 FTSE ST All Share 634.32 +8.95 FTSE ST China Top 151.25 +2.40 FTSE ST China 181.93 +3.26 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 12 VOL CLOSE($) CHANGE ChinaSing Inv 400.0 0.005 -0.006 -54.55 Matex Intl 630.0 0.023 -0.004 -14.82 Allied Tech 180.0 0.023 +0.013 +130.00 InnoPac 14,800.0 0.003 +0.001 +50.00 Interra Resource 3,236.5 0.058 -0.008 -12.12 United Food 374.4 0.118 -0.017 -12.59 Sunlight 301.1 0.017 -0.008 -32.00 JEP 3,964.0 0.023 +0.002 +9.52
      80 words
    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jan-21 Price Net change change Last Trade Agricultural Jan-21 CBOT Soybeans (US cents/bu) 878.50 4.50 0.51% 14/03/2016 CBOT Soybean Oil (US cents/lb) 29.94 0.13 0.44% 14/03/2016 CBOT Wheat (US cents/bu) 475.00 3.50 0.74% 14/03/2016 Jan-21 LIFFE Cocoa (£/tonne) 2082.00 28.00 1.36% 14/03/2016 LIFFE Coffee (US$/tonne) 1327.00 9.00 0.68%
      193 words
    • Article
      Lock icon PALM OIL
      57 13 Jan 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 16 2365.0 2382.0 2384.0 2358.0 646 8151 Mar 16 2412.0 2435.0 2437.0 2407.0 3850 ***** Apr 16 2442.0 2460.0 2462.0 2435.0 ***** ***** May 16 2451.0 2463.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      65 13 Jan 22 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-20 100.74 100.95 100.90 10-Year NX*****Z 2.375 01-Jun-25 100.14 100.40 100.30 15-Year NZ*****F 2.875 01-Sep-30 102.14 102.40 102.18 20-Year NZ*****V 3.375 01-Sep-33 109.1 30-Year NA*****N
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jan 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0018 1.0026 0.7008 0.7013 Canadian dollar 1.0022 1.0025 0.7012 0.7011 Euro 1.5490 1.5495 1.0836 1.0838 NZ dollar 0.9327 0.9330 0.6525 0.6526 Sterling pound 2.0339 2.0343 1.4228 1.4229
      155 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      116 13 Straits Times Index Source: Bloomberg ytd change: -10.60% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Source: Bloomberg YTD change: -12.93% 52-week high: 28,442.75 on April 28, 2015 52-week low: 18,852.15 on Jan 21, 2016 Source: Bloomberg Shanghai Stock
      Source: Bloomberg  -  116 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      202 13 Most active Jan 22 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****8 8.6 1.1 ***** 0.0 3 KepCorp MB eCW*****1 8.9 1.1 ***** 0.2 600 10 DBS MB eCW*****1 9.7 0.3 ***** 0.1 1480 6
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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 21 Index Change Change Change Change Change Change World Preliminary 1157.6 0.7 -9.4 0.3 -8.6 0.6 -9.8 EAFE Preliminary 904.5 0.5 -10.8 -0.2 -10.4 0.0 -11.5 Europe Preliminary 1286.4 1.9 -8.9
      377 words
    • Article
      Lock icon Chilli crabs whet Samsung Asset’s appetite amid S’pore stock losses
      729 14 It sees potential in Jumbo Group, SIA and Sheng Siong; Julius Baer favours Singapore Reits Bloomberg Singapore FOR investors reeling after the first annual loss for Singapore stocks in four years, there may be comfort in chilli crabs and airline
      Bloomberg  -  729 words
    • Article
      Lock icon HDB sells 7-year bonds
      314 14  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Housing and Development Board on Friday sold S$1 billion seven-year bonds at 2.50 per cent amid volatile markets. Demand for the bonds was lower than expected as HDB has an option to upsize by S$600 million. “The market
      314 words
    • Article
      Lock icon Noble sees its future as a smaller, nimble company: Elman
      301 14 Reuters Hong Kong NOBLE Group, Asia’s biggest commodities trader, expects to ride out the market downturn and recover from recent account-ing-related allegations by turning into a nimble and asset-light company, its founder and chairman Richard Elman said on Friday. Mr
      Reuters  -  301 words
    • Corporate digest
      • Article
        Lock icon Olam International
        55 14 OLAM International Ltd announced on Friday the repurchase of a principal amount of US$10.3 million of its US$500 million principal amount of 6 per cent convertible bonds due in 2016. The repurchased bonds have been cancelled as of Jan 21. Following this, the aggregate outstanding principal amount of
        55 words
      • Article
        Lock icon Ezra Holdings
        104 14 EZRA Holdings CEO and managing director Lionel Lee acquired one million shares for S$60,200 on Thursday, lifting his direct stake by 0.034 percentage point to 19.162 per cent. With the latest transaction, and including his deemed stake in Ezra through wholly owned Jit Sun Investments, Mr Lee’s total
        104 words
      • Article
        Lock icon Wilton Resources
        70 14 GOLD explorer and miner Wilton Resources Corporation Limited said it has entered into a non-binding framework agreement with Chinese minerals and mining group Yunnan Chihong Resources Exploration Development Company Limited, a subsidiary of Yunnan Metallurgical Group Co Ltd. This is in respect of the potential investment and/ or
        70 words
      • Article
        Lock icon Singapore Airlines
        46 14 SINGAPORE Airlines owns, controls or has agreed to acquire 85.62 per cent of Tiger Airways Holdings as at 5pm on Friday, Jan 22, said the airline in an announcement to the Singapore Exchange on the level of acceptance for its privatisation bid of Tiger.
        46 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon HDB resale prices up for first time in 10 quarters
      665 15  -  Prices inch up 0.1% in Q4 2015 from Q3; applications approved for subletting of HDB flats rise 6% By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PUBLIC housing resale prices rose by 0.1 per cent quarter on quarter in Q4 2015, culminating
      FILE PHOTO  -  665 words
    • Article, Illustration
      Lock icon China’s Wanda Group boss plans US$10b park project in India
      397 15 Shanghai BILLIONAIRE Wang Jianlin’s Dalian Wanda Group Co agreed to spearhead a US$10 billion project to build an industrial park in India, in what could become one of the biggest development projects in the country. Wanda Group, China’s biggest commercial-property
      PHOTO: BLOOMBERG  -  397 words
    • Article
      Lock icon Househunt
      1173 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 9 AND DEC 15, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Clift Apt 11/12/2015 99 764 1800 2355 The Sail Marina Bay Apt 11/12/2015 99
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Barclays, Deutsche Bank face slowdown at investment banks
      828 17 European bank shares are being undermined by concern over industry’s profit sustainability Bloomberg London BARCLAYS plc and Deutsche Bank AG, both in the midst of overhauling their invest-ment-banking operations, are facing an even tougher slog to boost profitability as market turbulence threatens
      Bloomberg; PHOTO: BLOOMBERG  -  828 words
    • Article
      Lock icon JP Morgan raises Dimon’s pay 35%, but adds strings
      331 17 Reuters New York JPMORGAN Chase Co directors raised chief executive Jamie Dimon’s total compensation by 35 per cent to US$27 million for 2015, a regulatory filing on Thursday showed. But the board cut the cash portion and tied three-fourths of the
      Reuters  -  331 words
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  • ENERGY & COMMODITIES
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  • TECHNOLOGY
    • Article
      Lock icon Android has generated US$22b in profit: Oracle
      339 19 Google’s objecting to public disclosure of ‘extremely sensitive’ figures Bloomberg San Francisco GOOGLE Inc’s Android operating system has generated revenue of US$31 billion and US$22 billion in profit, a lawyer for Oracle Corp said in court while disclosing figures Google says shouldn’t have
      Bloomberg  -  339 words
    • Article, Illustration
      Lock icon Soft Bank worth less than its Alibaba stake after 4-day stock slide
      521 19 Bloomberg Tokyo SOFTBANK Group Corp tumbled below the value of its stake in Alibaba Group Holding Ltd amid growing concerns about the Japanese company’s other assets, including struggling US wireless carrier Sprint Corp. SoftBank’s market capitalisation fell to
      Bloomberg; PHOTO: AFP  -  521 words
    • Article
      Lock icon China’s godmother of biotechnology eyes blockbuster second act
      720 19 Bloomberg Hong Kong IT’S been more than a decade since Samantha Du returned to China to build one of its first biotechnology companies focused on developing drugs for a global market. Back then, she trained scientists, had perplexing discussions with regulators new
      Bloomberg  -  720 words
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  • CONSUMER
    • Article
      Lock icon Thai tycoons competing for Casino’s SE Asia units
      508 20 TCC, Central Group weighing first-round bids for assets: sources Bloomberg Bangkok SOME of Thailand’s richest families are preparing to compete for the South-east Asian operations of French supermarket operator Casino Guichard-Perrachon SA, according to people with knowledge of the matter. Billionaire Charoen
      Bloomberg  -  508 words
    • Article
      Lock icon Amex CEO braces for ‘new reality’ as profit falls 38%
      382 20 Bloomberg New York AMERICAN Express Co’s performance last year was disappointing and chief executive officer Ken Chenault wants investors to know he feels their pain. “Let me acknowledge that the performance we’re discussing today is not what we or you
      Bloomberg  -  382 words
    • Article, Illustration
      Lock icon Zika virus may be linked to rare syndrome that causes paralysis
      663 20 NYT Rio de Janeiro A MOSQUITO-BORNE virus that has been linked to severe brain damage in infants may be causing another health crisis as well, Brazilian officials and doctors warn: hundreds of cases of a rare syndrome in which
      NYT; PHOTO: AFP  -  663 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon VW admits cheating in US but not in Europe
      790 21 Carmaker says its practices are legal under European rules NYT London VOLKSWAGEN (VW) is staking out an aggressive response to its emissions-testing crisis in Europe, where most of the affected vehicles were sold, by essentially saying: We didn’t cheat here. The
      NYT; PHOTO: AFP  -  790 words
    • Article
      Lock icon Boeing to cut 747-8 production in half as demand slows
      292 21 Reuters Seattle BOEING Co said on Thursday that it will cut production of its 747-8 jumbo jet in half and take a US$569 million charge in the fourth quarter as it faces dwindling sales. The four-engine jet is now mostly
      Reuters  -  292 words
    • Article
      Lock icon Delay in delivery of Airbus planes hits shares of Indian airline IndiGo
      494 21 Bloomberg New Delhi INTERGLOBE Aviation shares fell by the most on record after the operator of India’s largest airline said it had been forced to lease used planes while waiting for clarity on when it will receive A320neo
      Bloomberg  -  494 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Huge short covering gives oil, share markets a boost
      799 22  -  The purchases which resulted in oil and mining shares rallying, followed extensive short sales towards the end of last year By Neil Behrmann btworld@sph.com.sg London MASSIVE short covering from hedge funds and other bears boosted oil prices and global share markets
      799 words
    • Article
      Lock icon Malaysia media industry downsizing as economy weakens
      556 22  -  Some groups banking on Sept Rio Olympics for much needed lift By Pauline Ng btworld@sph.com.sg Kuala Lumpur HAVING battled a general trend of declining circulation and advertising revenue for the past few years, Malaysia’s media industry has begun taking the bull by the
      556 words
    • Article, Illustration
      Lock icon Francis Seow dies in Boston aged 88
      793 23 Ex-solicitor-generaldescribed as man with ‘powerful intellect’ messages Straits Times.The Straits Times Online Singapore FRANCIS Seow, the former Singapore solicitor-general who became an opposition politician and then a fugitive from justice, has died in Boston. He was 88. His nephew Mark Looi, who lives
      messages Straits Times.The Straits Times Online  -  793 words
    • Article
      Lock icon Investors growing sceptical about Abenomics
      526 23 Nikkei’s plunge, poor growth and inflation numbers cast doubt on stimulus Reuters Tokyo RENEWED turmoil in global markets is beginning to erode investor confidence in Japanese Prime Minister Shinzo Abe’s pledge to revitalise the economy through his massive “Abenomics” stimulus programme. Doubts over the efficacy
      Reuters  -  526 words
    • Article, Illustration
      Lock icon Forget the glut, as oil prices enter irrational territory
      962 24 Commodity funds using algorithms to detect profitable trends drive much of the sell-off Reuters London WORLD oil markets quietly breached an important barrier as they crashed nearly 30 per cent to below US$30 a barrel in the opening weeks of 2016,
      Reuters; PHOTO: AFP  -  962 words
    • Article, Illustration
      Lock icon IMF’s Lagarde seeks second term in shadow of court case
      450 24 Reuters Paris INTERNATIONAL Monetary Fund (IMF) managing director Christine Lagarde launched her campaign for a second term on Friday with ringing endorsements from a host of major economies and a court case against her looming in her native France. The
      Reuters  -  450 words
    • Article, Illustration
      Lock icon Davos elites fear weakened EU
      821 25 Business leaders and politicians at WEF are alarmed at closing borders and the risk of a British exit Reuters Davos, Switzerland FEAR of a severe weakening of the European Union (EU) is the hot topic in the corridors and executive suites of Davos this year
      Reuters; PHOTO: BLOOMBERG  -  821 words
    • Article
      Lock icon No plans to devalue yuan: China’s VP
      495 25 Bloomberg Davos, Switzerland CHINA’S vice-president has underlined the communist leadership’s pledge to avoid pursuing a policy of devaluation of the yuan, after criticism that his nation’s policymakers haven’t been clear on their intentions with the exchange rate. “The fluctuations in the currency market
      Bloomberg  -  495 words
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  • OPINION
    • Article, Illustration
      Lock icon The trouble with being SMART
      963 26 / 27  -  To get ahead in today’s dynamic business environment, ditch setting ‘Specific, Measurable, Achievable, Relevant, Timely’ goals. By Amit S Mukherjee By Amit S Mukherjee 2016 is here. Worldwide, managers are setting SMART (Specific, Measureable, Achievable, Relevant, and Timely) goals, expecting these to make this “the
      PHOTO: BLOOMBERG  -  963 words
    • Article
      Lock icon It’s time Asia rebranded itself
      919 26 / 27  -  By Vijay Verghese ~The writer owns Dancing Wolf Media, a publishing, Web design and editorial consultancy that runs the online magazines Smart Travel Asia (http:// www.SmartTravelAsia.com) and Asian Conversations (http://www.AsianCon versations.com) I WAS passing through New Delhi’s Indira Gandhi International Airport when the thought struck
      919 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Trying to hold firm amid sinking global markets
        993 28 / 29  -  Things will come to a head if banks sit on loans for oil exploration that go bad. By Neil Irwin NYT IF you look only at the global economy, and what leading forecasters think it will do in 2016, things look to
        NYT; PHOTO: AFP  -  993 words
      • Article, Illustration
        Lock icon More worried about stocks than at any time since 2009
        474 28 / 29 Bloomberg New York THE difficulty of forecasting outcomes in places like China has left Laszlo Birinyi more worried about stocks than he’s been since 2009, when their recovery from the financial crisis was just beginning. The 72-year-old investor says it’s
        Bloomberg  -  474 words
      • BROKERS’ TAKE
        • Article
          Lock icon Keppel Corp Sell
          165 28 / 29 KGI Fraser Jan 22 Target price: S$4.26 Jan 22 close: S$5.02 KEPPEL’S P/B valuations are trading at 15-year lows (-1.5 SD to 15-year average), which may appear to provide a buying opportunity to accumulate a well-diversified company with a good track record of consistently delivering ROEs of
          165 words
        • Article
          Lock icon Singapore property Overweight
          109 28 / 29 CIMB Jan 22 PROPERTY developers are trading at a 45 per cent discount to RNAV, their lowest levels post-global financial crisis and below -1 SD discount to mean. We think it is time to relook the sector as much of the extreme pessimism has been priced in.
          109 words
        • Article
          Lock icon Singapore telcos No rating
          231 28 / 29  -  Compiled by Melissa Tan Credit Suisse Jan 21 OTT services establish a direct connection between consumers and content owners, hence reducing the relevance of aggregators such as pay TV operators. Recently, both Singtel and StarHub have announced partnerships with Netflix. We think these partnerships are unlikely
          231 words
      • Article, Illustration
        Lock icon What’s behind the RMB devaluation fears again?
        1011 30  -  It’s not the policy shift, but lack of policy communication by the PBOC that is causing volatility. WEALTH INSIGHTS By Chi Lo The writer is senior economist, BNP Paribas Investment Partners ON Jan 7, the PBOC set the USD-CNY fixing 0.5 per cent
        PHOTO: REUTERS  -  1,011 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Silence is golden for big Hollywood stars on Oscar boycott
      515 31 The US has bigger issues to tackle: Dustin Hoffman Reuters New York WILL Smith and Spike Lee may be shunning the Oscars party next month but while the absence from the contest of actors of colour for a second year
      Reuters; PHOTOS: REUTERS, AFP  -  515 words
    • Article, Illustration
      Lock icon Kids are people too
      480 31  -  SATURDAY SOAPBOX By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Senior Correspondent IT seems silly to get all riled up over the cold perming of a 2-year-old’s hair but when parents justify such antics on the grounds that it’s their child and they can do what they like,
      480 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      392 31 CRYPTIC CROSSWORD Across 1 A bit of fatty food, say, in B&B, given to everyone (10) 6 This person backed Irish ruler (4) 10 Revolutionary house name in French city (5) 11 Sunday’s social event small, with calories cut down (9) 12 Maybe Bangor’s act is in decline (8) 13
      392 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      183 32 *8 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLEE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIQUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO
      183 words