The Business Times, 6 February 2016

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Total Pages: 41
1 32 The Business Times
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      51 1 LivingBTTHE BUSINESS TIMES WEEKEND FEBRUARY 6-7, 2016 PICTURE PERFECT PICNICS HOME GARDEN New lease of life L8-9 DINING Salted but not sated L5 STYLE Forever festive L10-11 L2-4 DESIGN Spruce up your abode L6-7 PHOTO: HEAVEN’S BLOOM BASKETS MOTORING Jaguar XE: Xtra Efficient L14 GOLF New goodies on the market
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Picture perfect picnics
        2062 2 / 3  -  That romantic meal with your date is now easier to set up. New services have given the humble picnic a boost up the luxury scale, while freeing you from agonising over logistics, food and ground sheets. (A personal gazebo is however optional.) By Rachel Loi, Tan Teck
        2,062 words
      • Article, Illustration
        Lock icon Outdoor spreads
        496 2 / 3 If all you need is a loaded basket, here are some more options: Sunrise Bistro Bar For a picnic by the beach, try the spread in Sunrise Bistro’s picnic basket, which includes a prawn cocktail, proscuitto, mini wagyu burgers, scallop skewers, and salted egg yolk custard cream puffs
        496 words
      • Article
        Lock icon wine & dine
        652 4 wine dine with BTWeekend Carlton City Hotel Singapore 1 Gopeng StreetZ6632-8922 Reunion Buffets at Plate Start the Lunar New Year celebrations at Plate and enjoy the restaurant’s festive spin on buffet feasts with a well-panned buffet spread of Asian and International dishes. Savour a selection of fresh seafood on ice,
        652 words
      • Article, Illustration
        Lock icon Salted but not sated
        989 5  -  With his Salted Egg Potato Chips (and fish skin), Irvin Gunawan might look like he is riding the crest of a food fad for everything salted egg flavoured, but he remains vigilant over the quality of his products. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg
        989 words
    • DESIGN
      • Article, Illustration
        Lock icon Spruce up your abode
        2111 6 / 7  -  Looking for pretty things to fill your home? These indie retailers have pieces you wouldn’t want to miss out on. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Lovera Collections Blk 1015 Geylang East Ave 3, #02-141 www. fb. co m/love ra. collections WHAT
        PHOTOS: LOVERA COLLECTIONS; PHOTOS: STUDIO ASOBI; PHOTOS: DESIGNERBOX  -  2,111 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon New lease of life
        850 8 / 9  -  Since Steven Chai and Christine Loh renovated their 3-bedroom apartment, friends and relatives who visit are often wowed by the transformation. personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT FOR years, Steven Chai and Christine Loh used to be hesitant about inviting family and friends over
        PHOTOS: YEN MENG JIIN  -  850 words
    • STYLE
      • Article, Illustration
        Lock icon Forever festive
        805 10 / 11  -  Last minute shoppers, don’t fall into the trap of splurging out on a festive period-only ensemble that you would wear only once. Here are some picks that are lohei- appropriate yet timeless enough to rock every other day of the year. By May Yip By May Yip FROG
        805 words
      • Article, Illustration
        Lock icon Grey hair’s the in thing now
        1158 12  -  Dyeing their hair grey is gaining traction among millennial men. By Max Berlinger NYT ON two magazine covers that singer Zayn Malik has graced in the last few months for Billboard and L’Uomo Vogue (as well as the racy video with his girlfriend, Gigi
        NYT; PHOTO: NYT  -  1,158 words
    • HEALTH
      • Article, Illustration
        Lock icon Beware festive indulgences
        918 13  -  Refrain from excessive consumption of traditional goodies to get a healthy start at Chinese New Year Chong Yeh Woei ~Dr Chong is medical director of Singapore Medical Specialists Centre EVERY year, the most obvious effect of Chinese New Year (CNY) festivities on patients is from the feasting.
        FILE PHOTO  -  918 words
    • MOTORING
      • Article, Illustration
        Lock icon Xtra Efficient
        476 14  -  The Jaguar XE gets a highly economical two-litre turbodiesel. By Samuel Ee samuelee@sph.com.sg IN the automotive lexicon, small and light denote efficiency. So it is fitting that the Jaguar XE, the British carmaker’s smallest and lightest model, now has an efficient new engine to power it. The Jaguar
        476 words
      • Article, Illustration
        Lock icon OPTIMUM PACKAGE
        623 15  -  The new Kia Optima offers a good combination of quality, features and price. By Samuel Ee samuelee@sph.com.sg THE fourth-generation Kia Optima may be brand new, with a longer, wider and taller body. But as with the Korean brand’s recent efforts, the changes are so subtle as to be
        623 words
    • GOLF
      • Article, Illustration
        Lock icon New golf goodies on the market
        562 16  -  By Justine Moss THE last couple of months have seen some exciting new golf products unleashed on the market. BT did the rounds and found some notable new equipment and footwear. FootJoy Freestyle Footwear Footjoy, the No 1 shoe in golf, has again come
        562 words
      • Article, Illustration
        Lock icon Song wins S’pore Open
        336 16  -  By Justine Moss WITH the world No 1 in attendance, an impressive Asian and Japan Tour field, and a Monday morning finish, this year’s Singapore Open had plenty of elements to make it an exciting and memorable event for both players and golf fans. Making a
        336 words
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      25 13 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more health-related articles, visit: http://www.btinvest.com.sg/specials/shscc
      25 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      56 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 L2-4 Dining L5 Design L6-7 Home Garden L8-9 Style L10-11 Style L12
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,623.21 (+64.72) GSTI FUTURES 2,623.00 (+65.00) GSIMSCI 295.08 (+8.22) GSIMSCI FUTURES 296.75 (+10.20) STOCKS Friday Change KL COMP 1,662.46 +5.69 NIKKEI 225 16,819.59 -225.40 HANG SENG 19,288.17 +105.08 SET 1,306.29 +9.18 JAKARTA 4,615.16 +12.33 MANILA 6,765.13 +112.30 KOSPI 1,917.79 +1.53 SHENZHEN B 1,141.30 -4.18 MUMBAI 24,616.97 +278.54 10.45
      136 words
    • Article
      Lock icon Joint special auditor for SingPost
      398 2  -  Drew Napier to have same “scope of work and detailed terms of reference” as PwC By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore GIVING in to public pressure over its choice of its longstanding external auditor PricewaterhouseCoopers (PwC) as special auditor for its corporate governance probe, Singapore
      398 words
    • Article
      Lock icon Tiger Airways to delist as SIA raises stake over 90%
      375 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) has boosted its stake in Tiger Airways to over 93 per cent, which will enable it to successfully delist the budget carrier. In a release to the Singapore Exchange (SGX) on
      375 words
    • Article, Illustration
      Lock icon SGH campus to get makeover under 20-year masterplan
      743 4  -  Hospital will be nearer Outram MRT station, offer integrated, patient-centric care: PM Lee By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore TO meet the growing healthcare needs of the population, the Singapore General Hospital (SGH) campus will undergo a major redevelopment in the next
      PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  743 words
    • Article
      Lock icon US added 151,000 jobs in January
      326 4 LATEST US DATA NYT New York US employers eased up on the gas last month, but still added jobs at a healthy-enough pace to calm fears that the economy is on the verge of falling into a recession. The Labor Department said on Friday
      NYT  -  326 words
    • Article, Illustration
      Lock icon Karhoo taxi-booking app registers with LTA
      419 5  -  Launching soon, it works only with licensed taxi and limousine firms By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore NEW York-based ride-booking app Karhoo has successfully registered with the Land Transport Authority (LTA) the third company (after Singapore-based Grab and London-based Hailo) to be authorised to
      about.”FILE PHOTO  -  419 words
    • Article, Illustration
      Lock icon Yusheng and CNY dinners still popular
      932 6  -  Despite diners’ concerns about raw fish, restaurants report the same or even higher demand for lo hei By Rachel Mui rachmui@sph.com.sg @RachelMuiBT Singapore A BEARISH market and a ban on raw fish has not dampened the demand for yusheng the prosperity toss made up
      FILE PHOTOS  -  932 words
    • Article, Illustration
      Lock icon Recognising toxic leadership
      899 7  -  Poor leadership contributes to disengagement and low productivity at the workplace CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg @VivienShiaoBT Singapore SO what does a peace-loving elephant, an autocratic lion and an eager beaver have to do with toxic leadership? Plenty, said leadership coach and author Jean-Fran-cois Cousin.
      PHOTO: LAURA NG  -  899 words
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      818 3 ADVERTORIAL 2016 A-RE IT: PRODUCED BY CONTENT GROUP INTERNATIONAL WWW.CONTENTGROUPINTERNATIONAL.COM Expanding horizons Ascendas Real Estate Investment Trust (A-REIT) launched into a new era with its strategic expansion into the Australian logistics market in 2015. Concurrently, the Singaporean portfolio is well-positioned to grow, both organically and selectively through acquisitions such as
      818 words
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      249 5 1 HEART TO HEART TALK Diagnosis Treatment Prevention Learn about your heart’s health and how to take better care of your heart. Led by Dr Michael Lim, internationally renowned Interventional cardiologist and regular contributor of “Health” articles featured in The Business Times Weekend every fortnight. Date: 20 th February 2016
      249 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Taking the roads less travelled
      2044 8 / 9  -  Brett Tollman, group CEO of The Travel Corporation, shuns public ventures but instead, banks on the passion, dedication and loyalty of people inside his privately-owned and family-run business. By Nisha Ramchandani By Nisha Ramchandani ~nishar@sph.com.sg @Nisha_BT SINCE childhood, Brett Tollman, global group chief executive of
      PHOTO: LAURA NG  -  2,044 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon SGX conducts review after finding big role by group in Zhongmin’s buy volume
      265 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Exchange (SGX) is reviewing trading in Zhongmin Baihui Retail Group after finding out that a small group of individuals accounted for almost all the buy volume in the stock since
      265 words
    • Article
      Lock icon UE jumps 10% on subsidiary sale
      404 10  -  Group to sell MFlex at US$23.95 per share, reaping S$505m in net proceeds By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SHARES of engineering and property group United Engineers (UE) jumped 10 per cent on Friday after it said it was looking to dispose its indirectly-owned
      404 words
    • Article, Illustration
      Lock icon Noble’s bank debt prices show investors think worst isn’t over
      814 10 Bloomberg Singapore FOR all the steps that Noble Group Ltd has taken to shore up its cash, investors in its bank debt are signalling concern that the worst isn’t over for the commodities trader after its ratings were cut to
      Bloomberg; PHOTO: REUTERS  -  814 words
    • Article, Illustration
      Lock icon Singtel rally helps trim STI’s loss to 6 pts for week
      564 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent AND so it goes on. It was yet another volatile week for the Straits Times Index (STI) as it danced in tandem with rises and falls in oil prices, the Dow futures,
      564 words
    • Article, Illustration
      Lock icon Singtel surges more than 6% in active trade
      312 11  -  hot stocks By Angela Tan angelat@sph.com.sg Singapore SINGTEL shares surged more than 3 per cent in unusually active trade on Friday morning, fuelling the blue chip Straits Times Index (STI) to trade higher, bucking the regional trend. After opening at S$3.51 a
      Source: Bloomberg  -  312 words
    • Article
      Lock icon GAINERS
      72 11 BY CENTS CLOSE UP 52w high/low JMH USD 5370 209.7 2.9 6700/4500 JSH USD 2792 128.6 3.4 3593/2524 DBXT STGLDv US$ 2847 127.2 3.3 3302/2731 GLD US$ ***** 127.2 0.8 *****/***** Jardine C&C 3767 127.0 3.5 4258/2636 BY PERCENTAGE CLOSE UP 52w high/low Jadason 1.2 71.4 0.5 4.6/0.6 Oceanus
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    • Article
      Lock icon LOSERS
      76 11 BY CENTS CLOSE DOWN 52w high/low DBXT MSEurope US$ 5042 -106.2 -1.5 6300/4873 IS ASIA HYG S$D 1438 -22.0 -1.5 1499/1416 IS ASIA HYG US$ 1015 -21.0 -1.5 1130/977 IS MS INDIA S$D 886 -18.0 -2.0 1116/886 Great Eastern 2000 -16.0 -0.8 2595/1870 BY PERCENTAGE CLOSE DOWN 52w high/low
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    • Article
      Lock icon MOST ACTIVE
      35 11 VOLUME Noble 61,202,900 Singtel 47,677,600 Global Logistic 37,303,200 StratechGroup 26,193,000 Rex Intl 24,315,500 Market volume 1,024,390,000 VALUE Singtel 171,552,766 DBS Grp 88,664,549 Global Logistic 62,422,480 CapitaLand 50,927,366 OCBC Bank 50,550,875 Market value 1,244,621,000
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    • Article
      Lock icon SIA jumps to 6-month high of S$11.24 as profit tops analyst estimates
      240 11 Bloomberg Singapore SINGAPORE Airlines climbed to a six-month high after reporting a quarterly profit that beat analyst estimates, as lower fuel prices helped South-east Asia’s largest carrier attract more passengers with cheaper fares. The stock rose 3.9 per
      Bloomberg  -  240 words
    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 +5 239/235 271 209 6.1 6277.9 CapitaLand 299 +4 300/295 379 267 11 3 ***** CapitaMall Trust 209 +7 209/201 228 184.5 5.4 7264.9 CityDev 718 +21 720/696 1095 661 8.6
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    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 263 +7 405 263/260 355/254 262/263 IS MS INDIA US$ US634 +8 160 634/628 838/605 630/634 79.3 DBXT MSBrazil US$ US222 +10 54 222/222 399/190 221/222 DBXT MSCHINA US$ US1061 +5 51 1062/1051 1750/1027
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      792 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 1 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Annica Holdings 04-Feb-16 Premier Eq Fd Sub Fd F *Sell ***** *****0 18.33 *****0 17.53 Sinotel Tech
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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 7 4 4 1 0 0 8 4 4 Manufacturing 49 28 27 5 3 14 54 31 41 Commerce 24 9 10 2 3 5 26 12 15 Tpt/Stor/Comms 23 5 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,061 894 23,955 73,006 145 73,152 Manufacturing 104,675 43,877 148,552 96,138 1,225 97,364 Commerce 88,304 14,523 102,827 108,846 547 109,393 Tpt/Stor/Comms 147,224 520 147,744 317,424 43 317,466 Finance 20,528 20,528 206,303 206,303 Construction 19,563 1,435
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Feb 5 VALUE CLOSE BT OB/OS -10.00 +24.00 BT CADI -*****.00 +135.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 643.43 +10.37 FTSE ST Small Cap 378.59 +4.12 FTSE ST All Share 647.08 +14.50 FTSE ST China Top 152.15 +2.41 FTSE ST China 181.53 +2.87 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 12 VOL CLOSE($) CHANGE Sino Grandness 12,507.9 0.405 +0.065 +19.12 China Great Land 200.0 0.014 -0.002 -12.50 IPCO Intl 8,041.2 0.004 +0.001 +33.33 Polaris 7,440.8 0.008 +0.002 +33.33 Star Pharm 24.4 0.205 -0.020 -8.89 Delong 113.2 0.075 -0.004 -5.06 Ouhua Energy 198.0 0.042 +0.003 +7.69 Oceanus 2,615.6 0.003 +0.001
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    • Article
      Lock icon COMMODITY FUTURES
      192 13 Feb-4 Price Net change change Last Trade Agricultural Feb-4 CBOT Soybeans (US cents/bu) 874.50 -2.25 -0.26% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.24 0.26 0.84% 14/03/2016 CBOT Wheat (US cents/bu) 472.75 -7.25 -1.51% 14/03/2016 Feb-4 LIFFE Cocoa (£/tonne) 1969.00 -46.00 -2.28% 14/03/2016 LIFFE Coffee (US$/tonne) 1435.00 33.00 2.35%
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    • Article
      Lock icon PALM OIL
      57 13 Feb 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 16 2490.0 2497.0 2520.0 2478.0 403 3116 Mar 16 2493.0 2523.0 2547.0 2493.0 3017 ***** Apr 16 2540.0 2580.0 2604.0 2534.0 ***** ***** May 16 2528.0 2571.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Feb 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.54 100.55 100.55 5-Year NX*****X 2.250 01-Jun-21 102.07 102.18 102.05 10-Year NX*****Z 2.375 01-Jun-25 101.82 101.95 101.88 15-Year NZ*****F 2.875 01-Sep-30 103.82 20-Year NZ*****V 3.375 01-Sep-33 110.77 110.90 110.80
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Feb 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0030 1.0038 0.7176 0.7181 Canadian dollar 1.0172 1.0178 0.7281 0.7278 Euro 1.5649 1.5656 1.1196 1.1200 NZ dollar 0.9356 0.9363 0.6694 0.6698 Sterling pound 2.0306 2.0317 1.4528 1.4534
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    • Article, Illustration
      Lock icon STOCK MARKETS
      122 13 Straits Times Index Source: Bloomberg YTD change: -9.00% 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: -11.98% 52-week high: 28,442.75 on April 28,2015 52-week low: 18,542.15 on Jan 21,2016 Source: Bloomberg Shanghai Stock Exchange Composite
      Source: Bloomberg  -  122 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      207 13 Most active Feb 5 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left Secura Group W*****5 2.4 0.1 ***** 1 35 66 9.38 35 DBS MB eCW*****4 15 1 6420 0.1 1360 8 KepCorp MB eCW*****1 7.4 0.3 6331
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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 Feb 4 Index Change Change Change Change Change Change World Preliminary 1180.7 -0.1 -7.6 -1.8 -8.6 0.3 -7.1 EAFE Preliminary 922.9 0.1 -8.9 -1.2 -9.2 0.9 -7.7 Europe Preliminary 1292.2 0.2 -8.5
      377 words
    • Article
      Lock icon Buses lift SBS Transit’s 2015 earnings
      601 14  -  Operating profits from buses jumped 78%, those from rail dived 62% By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore A SLEW of public transport initiatives is driving the bus operating profits of transport group SBS Transit, countering a slump in its rail earnings. Net earnings of
      601 words
    • Article
      Lock icon China Minzhong’s Q2 profit falls 60% to 29m yuan
      344 14  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore INTEGRATED vegetable processor China Minzhong Food Corporation’s earnings fell by 60 per cent in the second quarter as it took a hit from foreign exchange losses and an impairment in receivables. The group recorded a
      344 words
    • Corporate digest
      • Article
        Lock icon CapitaLand
        68 14 THE serviced residences arm of property group CapitaLand, The Ascott Holdings, has entered into a sale and purchase agreement to sell its entire interest in the 154-unit Somerset ZhongGuanCun Beijing for S$125 million to Hong Kong Qianhai Zhongjin Group. CapitaLand says the sale is part of its ongoing strategy
        68 words
      • Article
        Lock icon Roxy-Pacific Holdings
        62 14 ROXY-Pacific Holdings has entered into a sale and purchase agreement to acquire the leasehold interests over the Kudafunafaru island in the Maldives for US$31 million. The acquisition involves its subsidiary Roxy Hotels and Resorts obtaining the head leasehold interest in the property, together with all assets, property, rights
        62 words
    • Article
      Lock icon Cortina’s Q3 profit down 1.2% at S$2.8m
      270 14  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore WATCH retailer Cortina Holdings sounded a cautionary note on growth in the luxury market, given the drag from the slowdown in the Chinese economy. The group on Friday posted a 1.2 per cent slip in net profit
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  • REAL ESTATE
    • Article
      Lock icon Apsil to acquire Century 21 (AsPac)
      811 15  -  Group unit Global Alliance Property will then merge with Century 21 (AsPac) and come under the C21 brand By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FRESH from completing its acquisition of property agency Global Alliance Property (GAP) Pte Ltd, Asia-Pacific Strategic Investments Ltd (Apsil) is
      811 words
    • Article, Illustration
      Lock icon Super Bowl home rental prices not meeting high hopes
      572 15 Reuters San Francisco SOME San Francisco Bay Area residents hoping to rent their homes for thousands of dollars a night to deep-pocketed Super Bowl attendees are finding themselves short of the goal line. While vacation rental companies, including Airbnb, HomeAway and
      Reuters; PHOTO: REUTERS  -  572 words
    • Article
      Lock icon Househunt
      1235 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 23 AND DEC 29, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 13 LANDED Cedar Ave 2-Ter 29/12/2015 FH 4005 3600 899 District 13 NON-LANDED The Poiz Residences Apt 28/12/2015
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Deutsche Bank leads new worry about lenders’ credit risk
      575 17 Falling energy prices pose risk of big losses to investors already concerned about profit declines at banks and inability to repay debt Bloomberg New York INVESTORS are starting to worry about more than just profit declines at the biggest banks. They
      Bloomberg; PHOTO: BLOOMBERG  -  575 words
    • Article
      Lock icon Fallen angels incoming as US$23b of China bonds near junk
      609 17 Bloomberg Hong Kong INVESTORS need to watch out for so-called fallen angels from China as a slowing economy prompts debt-rating companies to cut more investment-grade issuers to junk. Standard Poor’s (S&P) has downgraded 15 Chinese companies this year and upgraded
      Bloomberg  -  609 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon China’s ‘teapots’ eat into crude glut – but build Asian fuel surplus
      676 18 China’s ‘teapots’ eat into crude glut but build Asian fuel surplus Tweaks in pricing scheme lock up margin when oil price falls under US$40 a barrel Reuters Singapore NEWLY licensed Chinese oil importers are taking advantage of low crude prices and healthy domestic product margins, snapping up hundreds of thousands
      Reuters  -  676 words
    • Article, Illustration
      Lock icon Obama seeks to impose new fee on oil companies
      563 18 NYT Washington PRESIDENT Barack Obama’s budget request to Congress will include a new fee on oil companies one requiring them to pay US$10 to the federal government for each barrel they produce, the White House said on Thursday. The money, which
      NYT  -  563 words
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  • TECHNOLOGY
    • Article
      Lock icon Concern grows over China’s chip ambition
      846 19 The know-how to make semiconductors also has military applications such as missile systems NYT Hong Kong CHINA is spending billions of dollars on a major push to make its own microchips, an effort that could bolster its military capabilities as well as its home-grown
      NYT  -  846 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      223 19 NOTICES TOLL FREE 1800 -289 882 2 I Email no tices @sph .com sg I w w w. sphclas s .com sg /no tices STEADFAST INVESTMENTS LIMITED (In Voluntary Liquidation) Company No. (*****) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004
      223 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      63 19 OLYMPUS UNIVERSAL S.A. (In Voluntary Liquidation) Company No. (*****2) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is involuntary liquidation. The voluntary liquidation commenced on 3rd February, 2016. The Liquidator is Zheng Shushan of 65 Chulia Street #42-06
      63 words
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  • CONSUMER
    • Article
      Lock icon McDonald’s edging out KFC, Pizza Hut in China revival battle
      612 20 Chinese consumers still sensitive about chicken products after 2012 food scandals Reuters Shanghai YUM Brands Inc, the home of KFC and Pizza Hut, is falling behind rival McDonald’s Corp as the pair battle to revive flagging sales in China a
      Reuters  -  612 words
    • Article, Illustration
      Lock icon House-proud Koreans embrace decor as IKEA, rivals tap singles
      605 20 Reuters Seoul IKEA was onto something when it opened its first South Korean store, its largest anywhere, in late 2014. Home furnishing chains are a bright spot in a sluggish South Korean economy, tapping demand from the rising share of people
      Reuters; PHOTO: REUTERS  -  605 words
    • Article
      Lock icon GE to phase out compact fluorescent light bulbs
      376 20 NYT New York JUST a few years ago, the compact fluorescent light was the go-to choice for customers seeking an inexpensive, energy-effi-cient replacement for the standard incandescent bulb. But, as the light quality of LEDs (lightemitting diodes) improved and their cost plummeted,
      NYT  -  376 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Airline battle brews in Persian Gulf as Iran eyes regional hub role
      818 21 Big jet order sends signal to regional rivals that it aims to compete for transit passengers Reuters Dubai AN economic battle is likely for dominance of the skies over the Persian Gulf after Iran decided to invest US$27
      Reuters; PHOTO: AFP  -  818 words
    • Article
      Lock icon Qatar Airways seeks high-potential deals
      291 21 Bloomberg Dubai QATAR Airways said that it is open to taking stakes in airlines that require investment to realise their full potential. While Qatar owns 10 per cent of British Airways parent IAG SA and views other “ultra-profitable airlines” as candidates for partnerships, that does
      Bloomberg  -  291 words
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      48 21 HOT PROPERTY FH ELEVATED BUNGLW Pool 5100/ 6000sf. 7+1 all ensuite. 2% yield or own stay. Below value. Exclusive TENERIFFE 5+1, 3000SF Sixth Ave, ask $2.88M. Expat haven upcoming MRT. Rent $8.8k LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
      48 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Malaysia’s Dec export growth below forecast
      399 22 Slowing demand for commodities in biggest single trade partner China largely to blame Reuters Kuala Lumpur MALAYSIA’S exports expanded far slower than expected in December on continued weak global demand for the country’s commodities. Exports grew 1.4 per cent from a year earlier, data
      Reuters  -  399 words
    • Article
      Lock icon Hong Kong approves leveraged ETFs while warning of risks
      512 22 Bloomberg Hong Kong HONG KONG has authorised leveraged and inverse exchangetraded funds (ETFs) in the city, while adding a note of caution to investors. The Securities and Futures Commission (SFC) on Friday published a circular for ETFs, setting requirements from product
      Bloomberg  -  512 words
    • Article, Illustration
      Lock icon Cameron boosted in bid to avert ‘Brexit’ as Poles are satisfied
      625 22 Bloomberg Warsaw BRITISH Prime Minister David Cameron overcame a key obstacle in his bid to seal a new deal on Britain’s membership of the European Union as the leader of Poland’s ruling party declared himself “satisfied” with a plan
      Bloomberg; PHOTO: REUTERS  -  625 words
    • Article, Illustration
      Lock icon Economists, RBI devise models to better track India’s GDP
      650 23 Doubts about accuracy of GDP figures persist a year after new methodology was unveiled Reuters New Delhi FROM rural motorbike sales to rail freight, economists and even the central bank are devising their own ways to measure Indian growth. Their verdict?
      Reuters  -  650 words
    • Article
      Lock icon Worry over Zika transmission through blood transfusion
      454 23 Reuters Brasilia TWO cases of Zika being transmitted through blood transfusions were reported in Brazil on Thursday, adding to concerns over the virus that has been linked to severe birth defects and is typically spread through mosquito bites. The disclosure of the blood
      Reuters  -  454 words
    • Article, Illustration
      Lock icon RBA forecasts faster growth, lower jobless
      749 24 Low rates and petrol prices to drive consumer demand but China casts a shadow Bloomberg Sydney AUSTRALIA’S central bank maintained its forecast of accelerating growth in response to easy policy, even as risks around China cast a shadow over the regional economic outlook. The
      Bloomberg; PHOTO: BLOOMBERG  -  749 words
    • Article
      Lock icon Indonesian economy gains speed in Q4 with 5.04% growth
      421 24 Reuters Jakarta INDONESIA’S economy picked up speed in the fourth quarter thanks to higher public spending, suggesting that President Joko Widodo is finally starting to unclog much needed infrastructure investment and spur growth in the year ahead. South-east Asia’s largest economy
      Reuters  -  421 words
    • Article, Illustration
      Lock icon Bank of England cuts inflation forecast in ‘unforgiving’ environment
      815 25 Central Bank’s Monetary Policy Committee votes 9-0 to keep interest rates on hold Bloomberg London BANK of England (BOE) governor Mark Carney has cited a turbulent global economy as the reason the central bank is cutting its inflation forecast once again.
      Bloomberg; PHOTO: BLOOMBERG  -  815 words
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      Lock icon WikiLeaks’ Assange detained arbitrarily, says UN panel
      524 25 Reuters Geneva WIKILEAKS founder Julian Assange should be allowed to go free from the Ecuadorian embassy in London and awarded compensation for what amounts to a three-and-a-half-year detention, a United Nations (UN) panel ruled on Friday. Mr Assange, a computer hacker who enraged
      Reuters  -  524 words
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      227 23 Continue to enjoy your news on the 2nd Day ofLunar New Year 9 2016 o > The New Paper, Shin Min Daily News and Lianhe Wanbao are available at selected 7-Eleven, Cheers and petrol stations. Also available at all Buzz convenience stores: BUS INTERCHANGE: Bishan Boon Lay Bukit Batok Bukit
      227 words
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  • OPINION
    • Article, Illustration
      Lock icon Luxury retailers face a new reality in HK
      2334 26 / 27  -  Sales have declined at a double digit rate because Chinese shoppers have diverted their holidays and discretionary spend elsewhere. By Anthea Arff-Pettersen By Anthea Arff-Pettersen ~The writer is analyst, European UK equities, at Schroders 2015 was a terrible year for the luxury
      PHOTO: REUTERS  -  2,334 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon The plunging oil price – why and what it means
        1383 28 / 29  - The plunging oil price why and what it means While worries may persist, at some point in the year ahead, a lower oil price will likely boost the economic growth of developed countries and benefit energy-importing nations in Asia WEALTH INSIGHTS Shane Oliver AMP Capital ~The writer is head of
        PHOTO: AFP; Sources: Bloomberg, AMP Capital; Sources: Deutsche Bank, Thomson Reuters, AMP Capital  -  1,383 words
      • BROKER'S TAKE
        • Article
          Lock icon Singapore Airlines Add
          131 28 / 29 Close: S$ 11.24 Target price: S$ 13.00 CIMB Research Feb 5 WHILE we had reflected lower fuel prices into our FY 2016 projections, we also factored in a low level of yields that the group passenger airlines managed to beat. SIA acknowledged the tough realities, guiding for
          131 words
        • Article
          Lock icon Singapore Airlines Sell
          192 28 / 29 Target price: S$10.15 Citi Research Feb 5 OUR target price of S$10.15 is based on target ex-cash price to earnings (PE) ratio of 13.4 times, a half standard deviation above its 12.3 times 10-year average ex-cash consensus PE. Assuming further negative consensus earnings revisions, we are giving
          192 words
        • Article
          Lock icon CapitaLand Retail China Trust Buy
          158 28 / 29  -  Compiled by Cai Haoxiang Close: S$1.435 Target price: S$1.69 DBS Group Research Feb 4 INVESTORS are currently fearful of the slowdown in China’s GDP (gross domestic product) growth. However, we believe CRCT should remain well positioned as it should benefit from China’s move towards a
          158 words
        • Article
          Lock icon Glossary
          133 28 / 29 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter
          133 words
      • Article, Illustration
        Lock icon Transamerica sees strong growth for universal life plans in Asia
        926 30  -  Sales in the region have just about tripled in the past three years, says the insurer By Genevieve Cua gen@sph.com.sg @GenCuaBT Singapore ROBUST growth in the wealth and number of high net worth individuals in Asia has buoyed the universal
        926 words
      • Article, Illustration
        Lock icon Bond rally defies bear pack as record low yields keep on coming
        510 30 Bloomberg Singapore INVESTOR demand for bonds is proving insatiable as oil and stocks tumble, defying the consensus forecast for yields to rise this quarter. Two-year yields fell to negative 0.5 per cent in Germany and minus 0.2 per
        Bloomberg; PHOTO: AFP  -  510 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Los Angeles shows the way on chic menswear
      710 31 Fashion boom in LA attributed to garment industry, celebrity hub, creative talent AFP New York LONG derided for flashiness or faded grunge, Los Angeles and a new generation of designers are bringing a new brand of chic to American menswear. It’s only
      AFP; SPH FILE PHOTO; PHOTO: SAINT LAURENT  -  710 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      358 31 CRYPTIC CROSSWORD 25 One day of the week, when to look to eat cold stew (9) 26 Brownish ape is on the move (5) 27 At the end of day Edward rested (7) 28 Have a feeling one may be spotted in sort of parade (7) Across 1 Face Thomas
      358 words
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      Lock icon Page 32 Advertisements Column 1
      43 32 A A it i 541 ORCHARD RC LIAT TOWERS #01 03 TEL. (65) 6836 4918 AUDEMARSPIGUET.COM m •;_.v .,p< ViI ■■•S' <%, 'r' 8 ,rt. w <y y B*». .'V 0 «e ft': y* < ;,.«e ■fff* 1 ■itl mm <*v w 4# iv Hfl
      43 words