The Business Times, 26 January 2016

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Microfilm: NL33745
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, January 26, 2016
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  • Article
    Lock icon MARKETS
    26 1 Monday Change STI 2,582.64 +5.55 KL COMP CLOSED NIKKEI 225 17,110.91 +152.38 HANG SENG 19,340.14 +259.63 SHENZHEN B 1,176.60 +12.51 DOW (10.45 EST) 15,999.11 -94.40
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  • Article, Illustration
    Lock icon DAILY DIGEST
    238 1 The government will retain the foreign worker levy in spite of calls which have intensified in the lead-up to Budget 2016 for a relook. TOP STORIES 4 Keppel Corporation plans to consolidate its interests in all asset management companies under one umbrella to scale up the business. TOP
    238 words
  • Article, Illustration
    Lock icon Gold glitters in flight to safety but rally not expected to last
    802 1  -  Price is up 4 per cent since the start of the year, but analysts say investor focus will return to US rates when markets stabilise By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore INVESTORS are buying more gold as its
    Source: Bloomberg  -  802 words
  • Article, Illustration
    Lock icon MAS may ease up on monetary policy: economists
    863 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THERE are now more signs that an easing in monetary policy could be on the cards, say economists, with Singapore’s central bank on Monday indicating that it will be watching volatile oil prices closely. In their
    Source: Department of Statistics  -  863 words
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      Lock icon Page 1 Advertisements Column 1
      53 1 8 "*****1 *****4 LENDLEASE-ADIA PROJECT Paya Lebar mixed development to include 429 apartments REAL ESTATE 13 0f Mq m s&v J 0 OYSTER PERPETUAL DAY-DATE 40 ROLEX EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: ©737 289© WISMA ATRIA, #02-40/41-44, TEL: ©694 5712 WATCH FEATURED SUBJECT
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      Lock icon Page 1 Advertisements Column 2
      28 1 ENTREPRENEURIAL X FACTOR An angel investor’s take SME 24 BETTER RISK SENTIMENT Singdollar steadies, SOR down TOP STORIES 2 Inflation for households eases further in H2, Page 2
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      Lock icon Page 1 Advertisements Column 3
      11 1 Gold back in fashion after US$15t global equity rout, Page 15
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  • TOP STORIES
    • Article, Illustration
      Lock icon Drawing FDI still relevant to Singapore but is no longer enough: Ong Ye Kung
      837 2  -  in his maiden parliamentary speech, he highlights how China and India may affect the country’s economic fate PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE post-colonial strategy of attracting foreign direct investment remains relevant for the
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    • Article
      Lock icon First-time MPs share views on S’pore economic resilience
      513 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore EIGHT members of parliament (MP) made their maiden speeches in parliament on Monday over a broad array of topics, including the importance of securing Singapore’s economic position among weakening global sentiment. “The road ahead remains bumpy.
      513 words
    • Article
      Lock icon Singdollar steadies, SOR down on better risk sentiment
      334 2  -  B y Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singdollar (SGD) continues to steady as risk sentiment improves, leading to a retreat in a key interest rate back to December levels. The SGD on Monday was quoted at 1.4286 against the greenback
      334 words
    • Article, Illustration
      Lock icon Inflation for households eases further in H2
      328 2  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Consumer Price Index (CPI) for Singapore’s households fell 0.7 per cent year on year in the second half of 2015, thanks to lower housing costs and electricity tariffs. This deepened from a 0.4 per cent decline
      PHOTO: REUTERS  -  328 words
    • Article, Illustration
      Lock icon Dive in Japan’s trade deficit may thwart efforts to stem yen rise
      449 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S trade deficit with the outside world shrank dramatically last year, as imports fell back and exports rose, official data released on Monday showed. The deficit for 2015 plunged by 78 per cent
      PHOTO: AFP  -  449 words
    • Article, Illustration
      Lock icon Foreign worker levy to stay: Ser Luck, in response to SMEC
      828 4  -  The government will look into developing a better ecosystem to support the needs of SMEs By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE government will retain the foreign worker levy in spite of calls which have intensified in the lead-up
      FILE PHOTO  -  828 words
    • Article
      Lock icon Senior MTI official to be next IE Singapore chief
      299 4  -  By Grace So graceso@sph.com.sg Singapore INTERNATIONAL Enterprise (IE) Singapore will, from Feb 1, have a new chief executive in Lee Ark Boon, who is now Deputy Secretary (Trade) at the Ministry of Trade and Industry (MTI). He replaces Teo Eng Cheong,
      299 words
    • Article
      Lock icon BT introduces new subscription plans
      493 4 Singapore FRESH from a series of initiatives to enhance its print and digital offerings, The Business Times will be introducing new subscription plans from March 1, 2016. The new price of a monthly Print-only subscription will be S$29.90, up from the present S$24.65 a month.
      493 words
    • Article
      Lock icon S’pore ready to be essential cog in global innovation network: Vivian
      504 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE is poised to become an investment destination for venture capitalists (VCs) and an essential cog in the global innovation network backed by a receptive government that enables but knows when to “get
      504 words
    • Article, Illustration
      Lock icon KepCorp to bring all asset management businesses under one roof
      820 5  -  Group lists multi-fold benefits from the integration, expects it to be achieved in second half of 2016 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN a move to scale up its asset management business, Keppel Corporation is planning to consolidate its
      820 words
    • Article
      Lock icon ThaiBev using F&N to bid for Peroni, Grolsch beer brands: report
      308 5 Singapore THAI Beverage (ThaiBev) has used its Singapore-listed unit Fraser and Neave (F&N) to bid for London-head-quartered SABMiller’s Peroni and Grolsch beer brands, the Thai firm’s chief executive Thapana Sirivadhanabhakdi reportedly said on Monday. According to a Reuters report,
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    • Article
      Lock icon Motorists can now pay M’sian traffic fines at AXS terminals here
      288 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore WITH the Johor Traffic Police planning to clamp down on unpaid traffic fines, Singaporeans can now pay for their traffic offences using AXS stations. The service, which makes it more convenient for those
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      745 4 NOTICES IPC CORPORATION LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****1057M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of IPC Corporation Ltd (the “Company”) will be held on 18 February 2016 at 2.30 p.m. at 23 Tai Seng
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      234 5 smgaporeair.com Finding a reason to visit Dusseldorf is as easy as getting there a c i he'** P’’ l 1 IH H II I. ffiSSlt 111 I! IL M 1 B m am 11 H li i l II li < fl H lUlLin »'i! -j'—iiy U| L i i]
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  • COMPANIES & MARKETS
    • Article
      Lock icon Repco case a reality check for those watching Singapore penny stock probe
      774 6  -  HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT THE saga involving Malaysia’s Repco Holdings, arguably the biggest market manipulation incident its stock market has witnessed at the very least, it is the most jaw-dropping event in the country’s
      774 words
    • Article
      Lock icon SMRT Q3 gets boost from non-rail businesses
      581 6  -  By Samuel Ee samuelee@sph.com.sg Singapore SMRT Corp’s net profit jumped 63.5 per cent to S$36.86 million for the third quarter ended Dec 31, 2015, helped by its improving non-rail businesses. Group revenue for the quarter rose 4.6 per cent to S$327.56 million on
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    • Article, Illustration
      Lock icon China’s CRRC to inject S$23.65m into Vallianz
      780 8  -  State-owned enterprise will pick up 13.9% of vessel operator through an equity injection as it seeks to branch out into the offshore and marine sector By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore CHINA’S state-owned rail corporation CRRC is set to pick up a
      FILE PHOTO  -  780 words
    • Article, Illustration
      Lock icon Mandarin mall, hotel drag down OUEHT’s Q4 DPS
      518 8  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore OUE Hospitality Trust’s (OUEHT) fourth-quarter revenue and earnings were boosted by contributions from Crowne Plaza Changi Airport (CPCA), acquired in January 2015. However, lower contributions from its Mandarin Orchard Singapore hotel and Mandarin Gallery resulted in
      first half of 2016 ST FILE PHOTO  -  518 words
    • Article
      Lock icon MLT’s Q3 DPU unchanged at 1.87 cents
      524 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MAPLETREE Logistics Trust (MLT) reported distribution per unit of 1.87 cents for the third quarter ended Dec 31,2015, unchanged from a year ago, buoyed by divestment gains from the sale of two low-yielding industrial properties in Singapore.
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    • CORPORATE DIGEST
      • Article
        Lock icon China Fishery Group
        156 8 HSBC, the bank that called in the liquidators on China Fishery Group last year, has now struck an agreement with the company and its other lenders. In a Singapore Exchange announcement on Sunday night, parent Pacific Andes Resources Development said China Fishery entered into the deed of
        156 words
      • Article
        Lock icon Sabana Reit
        92 8 SABANA Reit on Monday posted a 14.4 per cent drop in distributable income to S$11 million for the three months ended Dec 31, 2015. Net change in fair value of investment properties came in at a loss of S$116.7 million, compared with a S$7.5 million loss a year
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    • Article
      Lock icon Netpluz Asia acquires Mediaring assets from Si2i for S$3m
      557 9  -  Local managed services firm to buy the commercial assets of the brand, retail assets to remain with Si2i By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IN A homecoming of sorts for Mediaring, one of Singapore’s pioneering Internet companies, Netpluz Asia Pte
      557 words
    • Article, Illustration
      Lock icon Cache Logistics Trust Q4 DPU drops
      444 9  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore LOWER occupancy rates and a spike in property expenses dented fourth-quarter earnings for warehouse owner Cache Logistics Trust, which also reported a rise in financing costs on Monday. Warning of more challenging industrial property market conditions ahead in
      FILE PHOTO  -  444 words
    • Article
      Lock icon Dealmaking remisier Wong Teck Kui fined, banned for insider trading
      311 9  -  By kenlim@sph.com.sg Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Monetary Authority of Singapore (MAS) has fined dealmaker Wong Teck Kui S$ 110,000 and issued him with a two-year ban on regulated securities and futures activities for insider trading of Time Watch
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    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index Jan 25,2016 2,582.64 +5.55 (+0.22%) Current streak 2 days Day high 2,622.33 Day low 2,580.36 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Jan 22,2016 442.66 -6.28 (-1.40%) Current streak 1 day Day high 449.93 Day low
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    • Article
      Lock icon GAINERS
      77 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 754.4 2.8 *****/***** DBXT Vietnam US$ 2142 122.9 4.2 2786/2017 GLD US$ ***** 122.9 0.8 *****/***** Lyxor US DJIA US$ 1650 110.0 4.9 1900/1573 DBXT MSKorea US$ 4858 71.4 1.0 6246/4478 BY PERCENTAGE CLOSE UP 52w high/low DBS MB
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    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low DBXT STGLDv US$ 2731 -37.2 -0.9 3302/2731 DBXT S&PShort US$ 2280 -28.6 -0.9 2393/2086 Keppel Corp 481 -21.0 -4.2 954/464 Great Eastern 1977 -20.0 -1.0 2600/1870 IS ASIA HYG S$D 1450 -19.0 -1.3 1499/1416 BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotive 0.2 -50.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 10 VOL CLOSE($) CHANGE Infinio 1,000.2 0.002 +0.001 +100.00 InnoPac 82,986.0 0.002 -0.001 -33.33 UG Healthcare 8,769.8 0.300 -0.140 -31.82 Metech Intl 5,870.0 0.002 -0.001 -33.33 Fuji Offset 12.5 0.200 -0.030 -13.04 Jadason 566.0 0.006 -0.002 -25.00 Compact Metal 200.0 0.020 -0.008 -28.57 Travelite 7.0 0.200 -0.040 -16.67 Transcorp
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    • Article, Illustration
      Lock icon Follow-through momentum props up STI
      660 10  -  But indifferent performance by key overseas markets results in index closing well below its intraday high STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE was just about sufficient follow-through momentum possibly mainly through short-covering from Friday’s bounce to enable the Straits Times Index (STI) to rise
      Source: Bloomberg  -  660 words
    • Article
      Lock icon STI STOCKS
      306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 222 +5 225/219 271 209 6.6 5831.4 CapitaLand 297 -2 303/296 379 267 10.9 3 *****.5 CapitaMall Trust 196.5 cd unch 197.5/194.5 228 184.5 5.7 6828.9 CityDev 676 +1 685/675 1095 661
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    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME InnoPac 82,986,000 Noble 52,073,400 Ezra 44,127,400 Global Logistic 32,089,800 Vallianz 31,668,700 Market volume 1,014,729,000 VALUE DBS Grp 150,294,173 Singtel 99,987,278 Keppel Corp 79,516,830 UOB 64,149,175 Global Logistic 55,631,104 Market value 1,038,324,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Jan 25 VALUE CLOSE BT OB/OS -810.00 +180.00 BT CADI -*****.00 -49.00 BT 10-day MA -*****.00 -81.00 FTSE ST Mid Cap 622.46 +0.55 FTSE ST Small Cap 376.00 +0.73 FTSE ST All Share 635.94 +1.62 FTSE ST China Top 150.29 -0.96 FTSE ST China 181.17 -0.76 FTSE
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    • Article
      Lock icon SGX ETFs
      107 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 265 966 269/264 355/260 264/265 DBXT MSRussia US$ US149 +6 240 153/149 235/129 146/147 IS MS INDIA US$ US620 -1 101 629/613 1000/605 620/625 77.5 Lyxor Taiwan US92.3 +2.3 84 92.3/90.8 128.5/90 92.4/93.6 22
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share ftse ST All-Share index Jan 25,2016 635.94 +1.62 (+0.26%) Current streak 2 days Day high 642.97 Day low 635.62 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index Jan 22,2016 1,568.31 +49.76 (+3.28%) Current streak 2 days Day high 1,573.37 Day low 1,522.75 52-week high 1,949.49 (May 15, 2015) 52-week low 1,517.92 (Jan 20, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 2 0 0 1 4 9 3 Manufacturing 25 46 20 4 9 10 29 55 30 Commerce 17 19 17 5 5 5 22 24 22 Tpt/Stor/Comms 9 18 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,867 1,063 29,930 108,921 183 109,104 Manufacturing 97,579 45,966 143,545 67,031 4,497 71,528 Commerce 74,927 49,597 124,524 63,345 1,855 65,200 Tpt/Stor/Comms 135,953 90 136,043 174,821 7 174,828 Finance 108,750 122 108,872 294,114 14 294,128 Construction
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    • BROKER’S TAKE
      • Article
        Lock icon CapitaLand Mall Trust | Buy
        132 10 CapitaLand Mall Trust Buy Target price: S$2.10 Jan 25 close: S$1.965 OCBC Investment Research, Jan 25 OPERATIONALLY, Capitaland Mall Trust’s (CMT) portfolio exhibited some positive trends, such as the 4.9 per cent and 5.3 per cent increase in shopper traffic and tenants’ sales per square foot per month in FY2015,
        132 words
      • Article
        Lock icon Keppel Corp | Buy
        147 10 Keppel Corp Buy Target price: S$8.08 Jan 25 close: S$4.81 RHB, Jan 25 KEPPEL has put Sete Brasil behind it by making provisions on most of the recognised income. Offshore and marine (O&M) earnings formed only 32 per cent of FY2015 profit after tax and minority interests (PATMI), juxtaposed against
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      • Article
        Lock icon Frasers Centrepoint Trust | Add
        155 10  - Frasers Centrepoint Trust Add Compiled by Melissa Tan Target price: S$2.07 Jan 25 close: S$1.925 CIMB, Jan 22 WE expect occupancy at Bedok Point to improve from its present 77 per cent as its new anchor tenant is currently fitting out and scheduled to begin in March. The trust has
        155 words
    • Article
      Lock icon CALENDAR
      28 10 DATA I Jan 26 (1pm) Singapore Industrial Production Index I Jan 26 US Federal Open Market Committee Meeting I Jan 26 (10pm) US S&P/CaseSchiller Home Price Index
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    • Article
      Lock icon Oil currencies fall, euro and yen gain
      422 11 CURRENCIES REUTERS London THE US dollar edged down against a basket of currencies on Monday as renewed selling on oil markets drove investors into their current safe havens of choice, the euro and yen, while weakening the currencies of major crude exporters. After
      REUTERS  -  422 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Jan 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.992 4.603 0.647 5.448 47.384 96.947 0.830 8.368 3.006 1.077 73.399 33.504 1.000 11.506 0.710 23.479 25.182 0.490 0.700 Canada 1.008 4.638
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Jan 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9994 0.9999 0.6995 0.6997 Canadian dollar 1.0070 1.0075 0.7050 0.7049 Euro 1.5450 1.5457 1.0814 1.0816 NZ dollar 0.9279 0.9285 0.6495 0.6497 Sterling pound 2.0393 2.0405 1.4274 1.4278
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Jan 25 S$ Bid Offer 1-month 1.4297 1.4303 2-months 1.4311 1.4317 3-months 1.4322 1.4329 6-months 1.4353 1.4360 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 11 Jan 25 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 9182.50 9317.50 9152.50 9190.00 *****8 *****8 Feb16 9062.50 9180.00 9002.50 9047.50 *****8 *****0 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****9 *****7 Jun16 *****.00 *****.00 *****.00 *****.00 467 3215 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 11 Most active Jan 25 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****8 7.8 -0.8 ***** 0.0 3 KepCorp MB eCW*****1 7.4 -1.5 ***** 0.2 600 10 DBS MB eCW*****1 10.9 1.2 ***** 0.1 1480 6 Rowsley
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jan 22 Index Change Change Change Change Change Change World Preliminary 1179.7 2.1 -7.7 1.5 -7.4 2.2 -8.0 EAFE Preliminary 932.9 3.1 -7.9 2.6 -8.1 3.3 -8.6 Europe Preliminary 1320.0 2.6 -6.6
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Jan 25 $S Offer Bid 0vernight 0.08 0.05 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.05 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.20 1.00 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        61 11 Jan 25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.41 5-Year N*****0S 2.000 01-Jul-20 100.64 100.75 100.75 10-Year NX*****Z 2.375 01-Jun-25 99.87 15-Year NZ*****F 2.875 01-Sep-30 101.79 20-Year NZ*****V 3.375 01-Sep-33 108.71 109.10 108.72 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Jan-22 Price Net change change Last Trade Agricultural Jan-22 CBOT Soybeans (US cents/bu) 876.50 -2.00 -0.23% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.50 0.56 1.87% 14/03/2016 CBOT Wheat (US cents/bu) 475.50 0.50 0.11% 14/03/2016 Jan-22 LIFFE Cocoa (£/tonne) 2084.00 2.00 0.10% 14/03/2016 LIFFE Coffee (US$/tonne) 1352.00 25.00 1.88%
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    • Article
      Lock icon SGX MAINBOARD
      1705 12 Transaction date: Jan 25 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld 153 127 AIMSAMP Cap Reit 130 +2.5 132 130 127.5 1 8.5 825 MCap 175.5 102 ARA Asset Mgmt 104 +1
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    • Article
      Lock icon SGX CATALIST
      281 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol (’000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 18 -0.4 50 18 18 5.9 2.9
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    • Article
      Lock icon SGX ETF
      125 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1043 700 CIMBASEAN40 US$ US747 -9 21 767 746 117.2 4258 2407 DBXT China50 US$ US2526 +35 11 2551 2522 6.9 High Day 1750 1027 DBXT MSCHINA US$
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      27 6 LEADING CHOICE. At different stages of your career, there is only STJobs, your one-stop career portal. Unleash your potential. STJOBS I G© STJobs.sg f v f 4
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      13 8 Skip the queue! Visit Z-Shop for your CNY spree! Scan Shop now! Partner
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      17 8 SINGAPORE CHRONICLES By the experts, for everyone. On sale at $16 at all major bookstores and www.stpressbooks.com.sg
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      Lock icon Page 8 Advertisements Column 3
      200 8 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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      Lock icon Page 9 Advertisements Column 1
      446 9 Whoamongthese10 finalistsisyourchoiceforTheStraitsTimes SingaporeanoftheYear2015award? Thisinauguralaward,inpartnershipwithUBS,seekstohonourthepositiveimpact madebySingaporeansandcelebratethetriumphofthehumanspirit. Darrell Ang As the first local boy to score a Grammy nomination with his debut CD recording, no less orchestra conductor Darrell Ang is flying the Singapore flag high on the global music scene. Edwin Seah, Kavickumar Muruganathan the SEC team While forests burned and
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      Lock icon Page 9 Advertisements Column 2
      84 9 pr mmwrj 333 ■■A'-.-, mm I tmmmmmmmm SMBC HAS THE RIGHT CLUBS IN THE BAG FOR YOU As the proud title sponsor of the SMBC Singapore Open 2016, SMBC is committed to facilitating your growth plans in Asia. We are one of Japan's leading financial institutions with proven expertise in
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  • Page 12 Advertisements
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      71 12 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, Illustration
      Lock icon Lendlease-ADIA to include 429 apartments in Paya Lebar project
      781 13  -  Development also comprises office and retail space; TOP expected in 2018 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE consortium comprising Lendlease and Abu Dhabi Investment Authority (ADIA) that last year bagged a plum site in Paya Lebar Central, has obtained provisional
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    • Article
      Lock icon HK housing market most unaffordable and priciest: survey
      228 13 BLOOMBERG Hong Kong HONG Kong ranked as the most expensive housing market among 87 major metropolitan regions in the annual Demographia International Housing Affordability Survey, with the highest unaffordability score ever recorded by the research firm. The median home in Hong Kong
      BLOOMBERG  -  228 words
    • Article
      Lock icon China’s Xinyuan aims lower amid Manhattan’s glut in high-end homes
      653 13 BLOOMBERG New York CHINESE developer Xinyuan Real Estate Co is forging ahead with plans for a condominium property on Manhattan’s far west side, even as the company’s New York-based executive vice-president sees signs of a glut in the luxu-ry-home market.
      BLOOMBERG  -  653 words
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      205 13 f CUSHMAN WAKEFIELD MESMERIC SHOPHOUSES ALONG SPOTTISWOODE PARK ROAD Estate Agents Licence No:L*****33E 3 CONTIGUOUS UNITS OF FREEHOLD CONSERVED SHOPHOUSES WITHIN‘BLAIR PLAIN CONSERVATION AREA’ Enjoys dual-frontage onto Blair Road and Spottiswoode Park Road Total Land Area: Approx. 7,203 sf Total Floor Area: Approx. 14,360 sf Zoned ‘Residential’ and ‘Residential with
      205 words
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      73 13 Hong Fok Group FREEHOLD PROPERTIES AT RANGOON ROAD Adjoining 2-storey 4-storey buildings Land area 6,879 sf, GFA approx. 18,450 sf Corner property with 31m main road frontage Residential with Commercial at 1st storey, GPR 3.0 Potential for A&A or redevelopment 300m to Farrer Park MRT Connexion TENDER CLOSING ON 1
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      77 13 LLG m ASIA’S LARGEST EDUCATIONAL KIDS’ FAIR 18-20 MARCH 2016 (SCHOOL HOLIDAYS) SINGAPORE EXPO HALL 6 Be a part of SmartKids Asia 2016! ag> MM, Promote and sell your brand, products and services to a targeted 90,000 parents with children from ages 3 to 12! CONTACT US NOW! Ms Suhaliana
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  • BANKING & FINANCE
    • Article
      Lock icon Bank of Tokyo-Mitsubishi UFJ expands Singapore team
      632 14  -  It is gaining market share in transaction banking even as growth and trade flows slow in the region By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore BANK of Tokyo-Mitsubishi UFJ (BTMU) is gaining market share in transaction banking and adding to the team in
      632 words
    • Article, Illustration
      Lock icon UK’s small and mid-cap shares stand to lose in Brexit
      685 14 BLOOMBERG London THE risk of Britain’s isolation from the European Union (EU) is threatening what has been a winning trade for the country’s stocks since the financial crisis: buy small. Buoyed by their limited exposure to slowing emerging-market growth, a
      BLOOMBERG; PHOTO: BLOOMBERG  -  685 words
    • Article
      Lock icon Fintech: World’s biggest banks seek level playing field
      661 14 BLOOMBERG Davos FINTECH was every banker’s buzzword at the World Economic Forum, as leaders of the world’s largest financial companies both touted the potential of new innovations and leaned on regulators to control the startups threatening parts of their business. Deutsche Bank
      BLOOMBERG  -  661 words
    • Article
      Lock icon Foreigners dump Russian stocks as volatility ups the risk factor
      295 14 BLOOMBERG New York INTERNATIONAL investors are exiting their investments in some of the most liquid Russian companies as soaring volatility in the country’s stocks and currency push them to turn to less risky assets. They are getting out of Russian
      BLOOMBERG  -  295 words
  • Page 14 Advertisements
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      30 14 Paint the town red, or just your room Find painters to do the job or promote your services in CLASS 112 To advertise, call the Print Classified Hotline: 1800-289 9988
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      56 14 HOT PROPERTY F'HOLD, RARE, CITY Fringe! Centrium Sq. 2 min walk to Farrer Pk MRT. No ABSD! No SSD! PAYA LEBAR SQUARE New Office MRT 484 to 1927 sf. Keys with us, Daily Viewing With/Out GST. Ask $9xxK up. LOOKING FOR AN OFFICE SPACE? Check out these properties and more
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      16 14 Mostlistedfirmsuse share consolidation tomeet minimum tradingprice trading price To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • ENERGY & COMMODITIES
    • Article
      Lock icon SKP cancels deal to purchase Petronas-held fields
      507 15  -  Move comes as Brent falls sharply from November 2014, when the acquisition was announced to KL stock exchange By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MALAYSIA’S large-cap oil and gas conglomerate SapuraKencana Petroleum (SKP) has called off a US$400 million purchase of stakes
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    • Article, Illustration
      Lock icon Gold is back in fashion after US$15 trillion global equity rout
      700 15 Investor holdings of bullion through ETPs are expanding at the fastest pace in a year BLOOMBERG New York THE US$15 trillion rout in global equity markets since May is reawakening the lure of gold for investors seeking safety. Hedge
      BLOOMBERG; PHOTO: BLOOMBERG  -  700 words
    • Article
      Lock icon Crash in global commodity prices brings big benefits to China
      391 15 BLOOMBERG Beijing THE pain from the rout in global commodity prices is sweeping through nations from Brazil to South Africa. The biggest beneficiary? Arguably it’s China, the nation often blamed for driving prices lower due to its slowing economic growth.
      BLOOMBERG  -  391 words
    • Article
      Lock icon China diesel use slumps as natural gas, petrol demand gains
      330 15 BLOOMBERG Hong Kong CHINA’S diesel consumption contracted for a second year as its economy shifts away from industrial investment toward consumption-led growth. Petrol and natural gas demand rose. Diesel use in 2015 dropped 3.7 per cent from the previous year,
      BLOOMBERG  -  330 words
  • Page 15 Advertisements
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      22 15 Find painters to do the job or promote your services in CLASS 112 To advertise, call the Print Classified Hotline: 1800-289 9988
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      170 15 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      99 15 INDUSTRIAL GOVERNMENT LAND SALES: LAND PARCEL AT TAMPINES PASIR RIS WAFER FAB PARK PLOT TAMPINES WAFER FAB PARK Site Information Location Land Area Tenure Tampines Industrial Drive (Plot 2) 4,890.7 sqm 20 years GPR Zoning Project Completion Period 1.4 B2 60 months Submission of Tender Tender Launch Date Tender Closing
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  • TECHNOLOGY
    • Article
      Lock icon Twitter loses product, engineering chiefs in major shake-up
      595 16 Social media firm is trying to revive growth after its stock lost half its value in 12 months BLOOMBERG San Francisco TWITTER Inc is losing four members of its executive leadership team, including its product and engineering chiefs, as the social media
      BLOOMBERG  -  595 words
    • Article, Illustration
      Lock icon Baidu enters race to dominate era of driverless cars
      949 16 BLOOMBERG Beijing WANG Jing bought his first car, a Dodge Shadow, with US$3,000 he scratched together working three part-time jobs in the US as a postgraduate student in Florida. These days, the senior vice-president in charge of Baidu Inc’s autonomous driving
      BLOOMBERG; PHOTO: BLOOMBERG  -  949 words
    • Article
      Lock icon India to build satellite tracking station in Vietnam
      680 16 REUTERS New Delhi INDIA will set up a satellite tracking and imaging centre in southern Vietnam that will give Hanoi access to pictures from Indian earth observation satellites that cover the region, including China and the South China Sea, Indian officials said.
      REUTERS  -  680 words
    • Article, Illustration
      Lock icon Japan’s robots take on growing range of jobs
      499 16 WP Tokyo HUMANOID robots, which move almost as naturally as humans, are fulfilling an increasingly broad range of roles in Japan. Behind their popularity are improvements in sound and image recognition technologies, and the ability to manufacture robots with highly developed powers
      WP; PHOTO: AFP  -  499 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Chinese curb shopping sprees in Tokyo as yuan slides 10% versus yen
      822 17 Unit may decline further; this may increase deflationary pressure as imports from China become cheaper BLOOMBERG Tokyo CHINESE tourists tumbling off buses into the Laox duty-free store in Tokyo’s bustling Ginza district say the yuan’s drop against the
      BLOOMBERG; PHOTO: BLOOMBERG  -  822 words
    • Article
      Lock icon Johnson Controls ‘in merger talks’ with Tyco International
      580 17 BLOOMBERG New York JOHNSON Controls Inc is discussing a merger with Tyco International plc that would combine the companies’ building-control businesses, said people familiar with the matter. Johnson Controls is continuing with its plan to spin off its automo-tive-seating operations, said the
      BLOOMBERG  -  580 words
    • Article, Illustration
      Lock icon PayPal, peers target millennial shoppers with ‘easy payment’ plans
      1067 17 WP Washington CONSUMERS trolling Shop.com may have noticed a marketing hook more often associated with big-box stores like Best Buy than an online retailer. Under the product description for a Dell Inspiron laptop there’s a PayPal Credit button that says: “Enjoy
      WP; PHOTO: BLOOMBERG  -  1,067 words
  • Page 17 Advertisements
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      17 17 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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      Lock icon Page 17 Advertisements Column 2
      176 17 NOTICES Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act. VENEZIO WORLDWIDE INC. (In Voluntary Liquidation) Company No. *****43 NOTICE is hereby given pursuant to Section 204, subsection (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon PBOC tries to calm money markets ahead of CNY
      968 19 Monetary authority’s move comes amid record capital outflows and surge in cash demand before Year of the Monkey celebrations BLOOMBERG Beijing THE People’s Bank of China (PBOC) is adding administrative orders to its toolbox to calm money markets amid record capital
      BLOOMBERG  -  968 words
    • Article, Illustration
      Lock icon Tepid inflation offers Draghi first clue for more stimulus
      645 19 BLOOMBERG Frankfurt MARIO Draghi is about to receive his first major clue of 2016 on whether the euro area needs more stimulus. Inflation picked up to 0.4 per cent in January from 0.2 per cent the previous month, according to a
      BLOOMBERG  -  645 words
    • Article, Illustration
      Lock icon This Chinese New Year, something strange is afoot in China
      728 19 BLOOMBERG Beijing EVERY year, tens of millions of China’s 246 million migrants return home to celebrate the Chinese New Year. It’s the world’s biggest annual migration, and it typically goes off smoothly. This year, however, something’s amiss. Although the holiday
      BLOOMBERG; PHOTO: AFP  -  728 words
    • Article
      Lock icon Oil’s negative impact on the US economy could be finally waning
      694 19 BLOOMBERG New York ONE of the biggest surprises in economics has been how the world has responded to a period of lower energy prices. In 2015, economists were nearly of one mind in declaring that lower energy prices were
      BLOOMBERG  -  694 words
    • Article
      Lock icon Thailand plans 35b baht stimulus programme for rural economy
      243 19 REUTERS Bangkok THAILAND will consider a stimulus programme worth up to 35 billion baht (S$1.4 billion) to boost the rural economy, a deputy prime minister said on Monday, as the ruling junta tries to revive flagging growth. The army seized power
      REUTERS  -  243 words
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  • OPINION
    • Article
      Lock icon Changing global economic context could decide future choice of IMF head
      562 20 EDITORIAL WHETHER termed multinational or supranational, all international institutions are beholden to some extent to the national governments that own them and this is something to be borne in mind as the International Monetary Fund (IMF) sets about selecting
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    • Article, Illustration
      Lock icon What’s behind the stock sell-off?
      838 20  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington CAPITALISM has always been an epic struggle between risk and reward, and the easiest way to understand the present turmoil in world stock markets is to recognise that the two have reversed.
      THE WASHINGTON POST WRITERS GROUP  -  838 words
    • Article, Illustration
      Lock icon Too much read into China’s GDP slowdown
      1296 20  -  Frugality and risk-taking in Chinese culture make for a heady mix and gyrations for stock markets.BY FAROK J CONTRACTOR markets.BY FAROK J CONTRACTOR T The writer is a professor in the Management and Global Business Department at Rutgers Business School YaleGlobal Online THE
      YaleGlobal Online; PHOTO: AFP  -  1,296 words
    • Article
      Lock icon Clearing the air on sustainability reporting
      768 21  -  COMMENTARY By Ian Hong TThe writer is partner, sustainability advisory assurance, at kpmg in Singapore MENTION sustainability reporting and it is enough to cause company executives to shudder about the potential compliance costs. Such concerns, however, fail to take into account the higher corporate
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    • Article, Illustration
      Lock icon Will oil prices rebound in 2016?
      2338 21  -  Cutback in oil industry spending and production in countries like the Venezuelas or Nigerias will definitely have a supportive push this year for oil prices. BY NICK CUNNINGHAM Oilprice.com recently spoke with Carl Larry, director of oil and gas at Frost Sullivan, a consultancy
      PHOTO: AFP  -  2,338 words
    • Article
      Lock icon When directors cite oversight, is that an acceptable defence?
      183 21  -  TTLETTER TO THE EDITOR S Kumar THE Singapore Post issue has been well discussed and chronicled in the business media. At the core of the debate is whether fiduciary duties were properly observed and to what extent was it found wanting.
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  • Page 22 Advertisements
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      946 22 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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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Asia shivers, slips, slides in record low temperatures
      495 23 Unusual cold snap causes deaths, flight cancellations and chaos over weekend AFP Hong Kong SNOW, sleet and icy winds across Asia caused deaths, flight cancellations and chaos over the weekend as areas used to basking in balmier climates struggled with record-low temperatures.
      AFP; PHOTO: AFP  -  495 words
    • Article, Illustration
      Lock icon Egyptian museum officials face trial for sloppy repair on King Tut’s burial mask
      520 23 NYT Cairo EIGHT Egyptian museum officials are to face a disciplinary tribunal for their role in a botched repair job that caused lasting damage to the famed golden burial mask of King Tutankhamen, one of the country’s
      NYT; PHOTO: AFP  -  520 words
    • Article
      Lock icon Rio pledges to protect Olympics from Zika mosquitoes
      481 23 AFP Rio de Janeiro RIO vowed on Sunday to protect Olympic athletes and fans from Zi-ka-carrying mosquitoes, which have been blamed for causing horrific birth defects. The first city in South America to host the Games promised to attack breeding sites and
      AFP  -  481 words
    • Article, Illustration
      Lock icon China’s ‘lantern capital’ awash with Red credos
      495 23 AFP Tuntou, China CAREFULLY steadying the gleaming red lantern between her knees, a worker applied the Chinese character for “wealth” in golden glitter one of the millions that will illuminate the forthcoming Chinese New Year. A high wooden arch at the entrance to
      AFP; PHOTO: AFP  -  495 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      345 23 CRYPTIC CROSSWORD Across 1 Demonstrating opposition to hunter’s movement? (13) 10 Rawness can produce wrong ones (7) 11 window the Spanish put back outside garret (7) 12 Doubtless, it follows plea for enjoyment (4) 13 Subject to reduced choice (5) 14 Pole beats retreats (4) 17 He may resort to
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  • SME
    • Article, Illustration
      Lock icon An angel investor’s take on entrepreneurial X factor
      1004 24  -  Adapting Silicon Valley’s unique entrepreneurial culture and fusing it with Singapore’s strengths and advantages is the way forward.BY forward.BY IKE LEE T The writer is a serial entrepreneur, venture capitalist and angel investor. He recently joined NUS Business School as an adjunct
      ILLUSTRATION: LUDWIG ILIO  -  1,004 words
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      Lock icon Strategies for SMEs’ hiring conundrum
      1139 24  -  By Marc Goh T The writer is founder of Design Prodigy THERE is no doubt that hiring the right people helps a company thrive and prosper. People are the lifeblood of a business and have a direct impact on the company's culture, morale and productivity.
      THE STRAITS TIMES FILE PHOTO  -  1,139 words