The Business Times, 30 December 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL34123
Total Pages: 24
1 24 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION S$1.20 businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Friday, December 30, 2016
    23 words
  • Article
    Lock icon MARKETS
    27 1 Thursday Change STI 2,889.15 -9.15 KL COMP 1,637.93 +7.63 NIKKEI 225 19,145.14 -256.58 HANG SENG 21,790.91 +36.17 SHENZHEN B 1,125.17 +1.39 DOW (10.50 EST) 19,825.87 -7.81
    27 words
  • Article
    Lock icon DAILY DIGEST
    187 1 Dividend payouts by Singapore-listed mid and small-cap companies shrink due largely to the economic challenges they face. TOP STORIES 2 Paul william Coutts will lead Singapore Post from June 1 next year, succeeding Wolfgang Baier who stepped down in June following his shock resignation in December 2015. TOP
    187 words
  • Article, Illustration
    Lock icon Property investment sales surge to 3-year high
    1199 1  -  S$22.5b tally in 2016 is up 31% from last year; office outshines residential but trend may reverse in 2017, say consultants REVIEW 2016 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore IT’S been a banner year for big-ticket property transactions of at least S$10 million
    Source: Savills Research & Consultancy, Dec 23, 2016  -  1,199 words
  • Article, Illustration
    Lock icon Inflation to turn positive soon
    360 1  -  Rinse and repeat that was pretty much how Singapore’s inflation picture looked this year, with its continuation of 2015’s sub-zero headline inflation rates. In November, however, overall inflation finally rose out of negative territory to stand at 0 per cent. While that didn’t quite mark
    Source: Department of Statistics; Source: MAS, MTI estimates; Source: MAS; Compiled by BT  -  360 words
  • Article, Illustration
    Lock icon Say ‘Auld lang syne’ with BT Weekend tomorrow
    143 1 THIS week, the Weekend magazine spotlights six personalities to watch in 2017 as they take on new challenges in their respective fields. Also, read about how Gryphon Tea Company’s founder and executive director Lim Tian Wee is brewing luxe into tea, in
    143 words
  • Article
    Lock icon Nine in 10 firms paid retrenchment benefits in 2015: MOM
    667 1  -  15,580 workers laid off in 2015 the highest number since 2009 global financial crisis By Lee u-wen By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MORE than nine out of every 10 companies that laid off workers in 2015 paid benefits to
    667 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Singapore SMEs’ dividend track record slips over past 3 years
      647 2  -  Study of SGX-listed firms also shows average corporate governance scores have worsened By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore DIVIDEND payouts by Singapore-lis-ted mid and small-cap companies have deteriorated over the last three years no thanks to the economic challenges weighing
      647 words
    • Article
      Lock icon Toshiba’s woes underline need for reforms
      676 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE image of corporate Japan, and of its problem-plagued electronics sector in particular, has taken another hard knock with the news that giant conglomerate Toshiba Corporation is facing serious financial difficulties and is in talks with its main creditor
      676 words
    • Article, Illustration
      Lock icon The model behind HK MTR’s gold standard
      868 2  -  By Hoe Pei Shan hpeishan@sph.com.sg @PeiShanBT Hong Kong THE opening of Hong Kong’s HK$ 16.9 billion (S$3.2 billion) South Island Line the city’s first new railway line in 10 years went smoothly on Wednesday, epitomizing the network’s reputation as the global gold standard
      Source: MTR Corporation  -  868 words
    • Article, Illustration
      Lock icon SingPost’s new group CEO to start on June 1, 2017
      398 3  -  Paul William Coutts will also be appointed to SingPost board as non-independent director By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PAUL William Coutts will take on the role of Singapore Post’s (SingPost) group chief executive officer from June 1 next year,
      398 words
    • Article
      Lock icon China turns to 3.5t yuan rail expansion to boost growth
      544 3 BLOOMBERG Beijing CHINA plans to spend 3.5 trillion yuan (S$730 billion) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country. The high-speed rail network will span
      BLOOMBERG  -  544 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      31 2 SJL'l Print Centre n X m INDUSTRIAL/WAREHOUSE SPACE FOR RENT 2 Jurong Port Road, SPH Print Centre Area from 2325 1 1,775 sq ft Interested, please call Shawn at 9694 5349
      31 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      33 2 sp MEDIA CENTRE; GENTING LANE B1 INDUSTRIAL SPACE FOR RENT Fully fitted air-cond industrial office with carpet Area from 700 sq ft to 7,653 sq ft Interested, please call Shawn at 9694 5349
      33 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 3
      20 2 Office Space For Rent Manhattan House 1st Storey office space 810 1346 sqft Interested, please call Shawn at 9694 5349
      20 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      74 3 Don’t Imagine a home with an Olympic length pool, large verandas, resort-style amenities that isn’t a flight away, but right at your doorstep. You imagined it. Now view it. N A SS I M 18 Nassim Hill For exclusive viewing, please call +65 9199 2377 +65 9690 5135 Gwen Lim
      74 words
Page thumbnail Page 4
  • COMPANIES & MARKETS
    • Article
      Lock icon Tan brothers to get 1.2b VGO shares in backdoor listing of Hatten’s property arm
      442 4  -  Assets being injected into VGO include four Malacca projects valued at RM1.9b By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore VGO Corp plans to issue 1.2 billion new shares in a reverse takeover that will give the property
      442 words
    • Article, Illustration
      Lock icon 3 Swiber-linked vessels of Norwegian ship lessor seized in Singapore
      658 4  -  Action taken by syndicate of banks, including UOB, against RS Platou Finans unit over US$43.4m debt By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore A NORWEGIAN ship lessor has been caught in the debt web of Swiber Holdings, with three of
      Source: Vesselsvalue  -  658 words
    • Article
      Lock icon ASL Marine sets out restructuring terms over S$150m debts
      629 4  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SHIPBUILDER and vessel charterer ASL Marine on Thursday sought an extension from bondholders of two note issues due soon that are worth S$150 million in all with a loan facility hinging on the bond restructuring.
      629 words
    • Article
      Lock icon Vard shareholders get extra time to take Fincantieri’s offer
      329 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHAREHOLDERS of Vard Holdings have two more weeks to pick up an offer that will pave the way for Italy’s shipbuilding group Fincantieri to take its Singapore-listed subsidiary private. The voluntary conditional cash offer
      329 words
    • Article
      Lock icon Don’t bank on boomerang of SGX-delisted firms
      646 5  -  HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT THE tidal wave of delistings that swept over the local stock market in 2016 may be slightly alarming, if it augurs anything for Singapore’s domestic market capitalisation trajectory. More are already in the works for
      646 words
    • CORPORATE DIGEST
      • Article
        Lock icon OKH Global
        165 5 THE former deputy chief executive officer of property developer OKH Global slashed his stake in the company a few weeks after departing, a Singapore Exchange filing on Thursday showed. OKH Global said it was told by Bon ween Foong on Dec 29 that he had on Dec 23
        165 words
      • Article
        Lock icon Rajah & Tann
        94 5 Rajah Tann CORPORATE real estate lawyer Norman Ho is joining Rajah Tann Singapore from Jan 3 next year, boosting the firm’s corporate service and adding to the four partners and two associates in the practice. Mr Ho, previously a partner at Rodyk Davidson LLP, has represented owners and investors in
        94 words
      • Article
        Lock icon Wee Hur Holdings
        134 5 wee Hur Holdings has agreed to sell a plot of land in Brisbane, Australia for A$65.1 million (S$67.78 million). It said on Thursday that its wholly owned unit, wee Hur (Ann Street) Pty Ltd, had on Dec 24 entered into a put and call option agreement for
        134 words
      • Article
        Lock icon Mermaid Maritime
        83 5 THE mainboard-listed subsea and offshore drilling services company said that its associate Asia Offshore Drilling has secured a three-year contract extension for the jack-up drilling rig, AOD III, with a client in the Middle East until December 2019. This extension, contracted at reduced rates in order to “remain
        83 words
      • Article
        Lock icon Rex International
        126 5 REX International Holding’s stake in Steeldrum has fallen from 36.86 per cent to 25.72 per cent after Rex decided not to participate in a share issue. Steeldrum is raising some US$1.3 million by issuing 47,233 shares at US$27.52 per share in order to fund its drilling obligations in
        126 words
    • Article
      Lock icon South Korea film Master breaks even; maintains top position at box office
      294 5  -  By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore WITHIN eight days of its official release, South Korean film Master surpassed its break-even point, based on an announcement by Spackman Entertainment Group early Thursday. The crime-action film is produced by
      294 words
    • Article
      Lock icon Artivision chairman resigns; firm to place out shares, sell bonds
      356 5  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE chairman and co-founder of Artivision Technologies has resigned, the video and artificial intelligence firm said on Thursday. Soh Sai Kiang Philip, who was appointed as a director in 2004, resigned with effect from
      356 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 6 STI Catalist Straits Times Index Dec 29,2016 2,889.15 -9.15 (-0.32%) Current streak 1 day Day high 2,891.22 Day low 2,878.18 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Dec 29,2016 437.82 +0.75 (+0.17%) Current streak 2 days Day high 438.74 Day low
      63 words
    • Article
      Lock icon GAINERS
      74 6 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 78.2 0.5 *****/***** DBXT China50 US$ 2964 73.8 1.8 3268/2355 DBXT Vietnam US$ 2215 40.5 1.3 2533/2017 DBXT MSKorea US$ 5508 36.2 0.5 6041/4629 Hyflux 6% CPS 9450 30.0 0.3 *****/9100 BY PERCENTAGE CLOSE UP 52w high/low LionGold 0.2 100.0
      74 words
    • Article
      Lock icon LOSERS
      76 6 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -225.8 -0.7 *****/***** DBXT S&P500 US$ 3894 -88.3 -1.5 3963/3126 DBXT E50 US$ 4580 -39.1 -0.6 4638/3918 Lyxor Korea US$ 489 -20.3 -2.8 532/418 Bukit Sembawang 452 -12.0 -2.6 518/406 BY PERCENTAGE CLOSE DOWN 52w high/low China MedW*****9 0.4
      76 words
    • Article, Illustration
      Lock icon STI manages to stay in the black for 2016
      665 6  -  But the index closes 9.2 points down for Thursday as the previous days’ window-dressing push is checked TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT Throughout 2016, the 2,882 level has proven troublesome for the Straits Times Index (STI), this being the point
      Source: Bloomberg  -  665 words
    • Article
      Lock icon STI STOCKS
      303 6 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 +1 228/225 257 209 6.7 6396.3 CapitaCom Trust 146.5 -0.5 147/145.5 164 127 5.9 4341.5 CapitaLand 305 +5 305/299 340 280 12.2 3 *****.5 CapitaMall Trust 187.5 -1.5 189.5/187 225 187
      303 words
    • Article
      Lock icon MOST ACTIVE
      32 6 VOLUME Noble 222,450,700 AA 55,273,200 Spackman 43,250,300 Equation 37,149,400 Ezion 26,164,400 Market volume 1,230,462,000 VALUE DBS Grp 51,357,844 Singtel 47,798,354 Noble 38,460,710 ComfortDelGro 32,736,239 OCBC Bank 19,348,858 Market value 558,547,000
      32 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Dec 29 VALUE CLOSE BT OB/OS -373.00 -10.00 BT CADI -*****.00 -25.00 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 675.04 -0.78 FTSE ST Small Cap 376.76 -0.38 FTSE ST All Share 705.99 -1.87 FTSE ST China Top 159.51 -0.21 FTSE ST China 203.56 -0.95 FTSE
      77 words
    • Article
      Lock icon SGX ETFs
      109 6 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 294 -1 229 295/294 303/254 294/295 DBXT MSBANGL US$ US108.5 +0.5 141 108.5/107.8 108.5/93.7 108.9/109.6 4.4 DBXT MSPAKIS US$ US238.9 +3.9 80 238.9/236.5 238.9/169.8 238.1/239.1 11.7 DBXT MSBrazil US$ US372 +8 62 372/370 422/190
      109 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 6 STI FTSE ST All-Share FTSE ST All-Share index Dec 29,2016 705.99 -1.87 (-0.26%) Current streak 1 day Day high 706.41 Day low 703.79 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 6 STI MSCI EAFE MSCI EAFE Index Dec 28,2016 1,669.42 -2.87 (-0.17%) Current streak 3 days Day high 1,676.12 Day low 1,667.20 52-week high 1,734.72 (Sept 7, 2016) 52-week low 1,492.43 (Feb 12, 2016)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 5 4 0 1 0 2 6 4 Manufacturing 36 27 27 12 7 10 48 34 37 Commerce 16 10 15 1 6 2 17 16 17 Tpt/Stor/Comms 6 15 3
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 6,714 91 6,805 18,986 13 18,999 Manufacturing 40,656 154,842 195,498 34,598 3,629 38,227 Commerce 268,579 12,336 280,915 74,884 177 75,061 Tpt/Stor/Comms 69,412 1,858 71,270 104,406 182 104,588 Finance 11,264 58 11,322 94,854 8 94,862 Construction
      122 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      82 6 VOL CLOSE($) CHANGE China Jishan 430.0 0.055 +0.019 +52.78 Abundance Intl 1,110.7 0.055 +0.012 +27.91 AA 55,273.2 0.019 +0.005 +35.71 Suntar Eco-City 10.0 0.150 +0.018 +13.64 CFM 75.0 0.033 -0.004 -10.81 Polaris 12,500.1 0.003 -0.001 -25.00 Weiye 799.2 0.580 +0.075 +14.85 Tung Lok Rest 146.0 0.107 +0.007 +7.00
      82 words
    • BROKERS’ TAKE
      • Article
        Lock icon Oil and gas | NOT RATED
        452 6 Oil and gas NOT RATED BLOOMBERG Shale oil companies are ready to play chicken with supply and demand again. Roiled by a year that began with crude at a 12-year low and ended with a surprise Opec agreement boosting prices, US producers including Continental Resources Inc and Pioneer Natural Resources
        BLOOMBERG  -  452 words
    • Article
      Lock icon US dollar slips to 2-week low against yen as Treasury yields fall
      415 7 CURRENCIES REUTERS London THE US dollar slipped to a two-week low against the yen on Thursday, mirroring a fall in US bond yields as weaker-than-expected economic data weighed on the greenback and waning risk appetite boosted Japan’s safe-haven
      REUTERS  -  415 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 7 Dec 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 5.012 0.689 5.590 49.094 97.126 0.839 8.705 3.232 1.038 75.542 35.838 1.043 9.887 0.739 23.257 25.918 0.588 0.721 Canada 1.026 5.142
        471 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 7 Dec 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0429 1.0432 0.7206 0.7207 Canadian dollar 1.0700 1.0704 0.7395 0.7394 Euro 1.5128 1.5134 1.0453 1.0455 NZ dollar 1.0046 1.0050 0.6942 0.6943 Sterling pound 1.7741 1.7746 1.2259 1.2260
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 7 Dec 29 S$ Bid Offer 1-month 1.4475 1.4480 2-months 1.4476 1.4480 3-months 1.4476 1.4482 6-months 1.4477 1.4485 Source: OCBC
        22 words
      • Article, Illustration
        Lock icon HANG SENG
        2 7
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 7
        2 words
      • Article, Illustration
        Lock icon NIKKEI
        1 7
        1 words
      • Article, Illustration
        Lock icon DOW JONES
        2 7
        2 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        383 7 Dec 29 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 9890.00 9960.00 9880.00 9917.50 ***** ***** Jan17 9940.00 9995.00 9915.00 9927.50 *****5 *****9 NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****7 Jun17 *****.00 *****.00 *****.00 *****.00 87 359 MSCI TAIWAN
        383 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 7 Most active Dec 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit Ltd W*****2 0.4 unch 2000 1 1 27 2.75 8 SingTel MB eCW*****2 5.4 -0.1 1960 OCBC Bk MB eCW*****2 9.5 0.1 1300 0.1 950
        206 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 7 In local curr In S$ In US$ dy yr dy yr dy yr Dec 28 Index Change Change Change Change Change Change World Preliminary 1374.4 -0.1 7.6 0.0 8.1 -0.2 5.6 EAFE Preliminary 1039.7 0.1 2.6 0.1 -0.4 -0.2 -2.7 Europe Preliminary 1467.7 0.1 3.9
        377 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 7 Dec 29 $S Offer Bid 0vernight 0.05 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.45 US$ Offer Bid 7 days 0.80 0.70 1 month 0.95 0.75 2 months 1.00 0.80 3 months 1.10 0.90 6 months 1.40 1.20 9 months 1.60 1.40 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        61 7 Dec 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.47 5-Year N*****0Z 1.250 01-Oct-21 97.54 97.62 97.55 10-Year NX*****F 2.125 01-Jun-26 97.62 97.80 97.70 15-Year NZ*****F 2.875 01-Sep-30 102.35 20-Year NZ*****X 2.250 01-Aug-36 93.71 30-Year NA*****H 2.750 01-Mar-46
        61 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        247 7 Dec-28 Price Net change change Last Trade Agricultural Dec-28 CBOT Soybeans (US cents/bu) 1006.75 -8.00 -0.79% 13/01/2017 CBOT Soybean Oil (US cents/lb) 34.86 -0.26 -0.74% 13/01/2017 CBOT Wheat (US cents/bu) 401.50 -8.00 -1.95% 14/03/2017 Dec-28 LIFFE Cocoa (£/tonne) 1805.00 -11.00 -0.61% 16/03/2017 LIFFE Coffee (US$/tonne) 2085.00 -18.00 -0.86%
        247 words
    • Article
      Lock icon SGX MAINBOARD
      1615 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 124.5 AIMSAMP Cap Reit 130 +0.5 313 131 129 0.9 8.7 828.5 LOW 172.5 101 ARA Asset Mgmt 169.5 +0.5 3727 169.5
      1,615 words
    • Article
      Lock icon SGX CATALIST
      287 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap HiBh LOW Company Sale 19.9 8.3 t Anchor Resources 9 +0.5 1127 9.2 8.7 27.9 High C'vr P/E 10.1 4.9 t 3Cnergy 6.5
      287 words
    • Article
      Lock icon SGX ETF
      177 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US2964 +51 0 2964 2964 8.2 116.2 97.5 DBXT MS SING US$ US110 +0.4 0 110 110 5.5 422 190 DBXT MSBrazil
      177 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      1759 4 VGO CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****1388D) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same meaning as used in the circular dated 29 December 2016 issued by the Company (the “Circular").
      1,759 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      122 5 RJSIS t f' w Herald a new dawn of abundance x rm '■W ar u\ > r *1 Drawn from the Rooster’s kingly stature, this collection is an exquisite expression of his regal virtues, fearless spirit and ever-optimistic outlook Featuring the finest handcrafted sculptures plated in pure 24K gold, each
      122 words
Page thumbnail Page 6
Page thumbnail Page 7
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      71 8 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!
      71 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      37 9 GET HOME SAFELY. DON’T DRIVE TO DRINK, AND YOU WILL NEVER DRINK AND DRIVE. This community service message is brought to you by SGCARMART IS PROUD TO BE THE OFFICIAL PARTNER OF THIS YEAR’S ANTI-DRINK DRIVE CAMPAIGN.
      37 words
Page thumbnail Page 10
  • REAL ESTATE
    • Article, Illustration
      Lock icon Govt defers launch of Bidadari mixed-use site to Q1 2017
      730 10  -  Consultants’ views are mixed over whether the deferment would affect what was previously forecast to be keen demand for the site By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE launch of a plum commercial and residential site in Bidadari Estate along
      BT Graphics Source: URA  -  730 words
    • Article, Illustration
      Lock icon Foreign developers bet US$2.8b on Indonesian residential property
      595 10 Easing of mortgage rules seen boosting demand for homes; developers target young couples REUTERS Jakarta FOREIGN property developers, led by China Communication Constructions Group (CCCG), made the biggest investment in Jakarta’s residential property in nearly a decade this year as they bet
      REUTERS; PHOTO: REUTERS  -  595 words
    • Article
      Lock icon UK home prices likely to lose steam in 2017
      286 10 REUTERS London BRITISH house prices rose faster than expected in December, but the pace of growth is likely to slow in 2017 amid uncertainty about economic developments, mortgage lender Nationwide said on Thursday. Annual gains stood at 4.5 per cent in
      REUTERS  -  286 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      1903 10 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg GROUP AGV GROUP LIMITED (Company Registration No. *****6566H) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at TKP Conference Center 137 Cecil Street, #04-01
      1,903 words
Page thumbnail Page 11
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon US acting as global cop for financial crimes
      770 11 Europe has also probed and acted against scams, but not to the extent America does AFP Washington HANDING out multibillion-dollar fines right and left to domestic and foreign financial giants, the United States has taken on the role of the unforgiving global
      AFP; PHOTO: AFP  -  770 words
    • Article
      Lock icon Safe-haven eurozone bonds boosted by unease over Italian bank rescue plan
      374 11 REUTERS London TOP-RATED German bond yields fell to multi-week lows on Wednesday, as concerns about the strength of a rescue plan for Italian banks pushed investors to the safety of government debt. Germany’s two-year bond yield briefly touched a
      REUTERS  -  374 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      892 11 ITE ELECTRIC CO LTD (Company Registration Number: *****1457Z) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (“EGM”) of ITE Electric Co Ltd (the “Company”) will be held at Room 327, Level 3 Suntec Singapore Convention Exhibition Centre, 1
      892 words
    • Advertisement
      Lock icon Page 11 Advertisements Column 2
      1371 11 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg ENVICTUS INTERNATIONAL HOLDINGS LIMITED Company Registration No: *****3131Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Envictus International Holdings Limited will be held at Crystal Suite, Level 2, Holiday
      1,371 words
Page thumbnail Page 12
  • ENERGY & COMMODITIES
    • Article
      Lock icon US refiners face severe labour shortage in 2017
      810 12 They are expected to spend US$1.26b on maintenance next year, the highest level since at least 2010 REUTERS New York AFTER years of running flat out, US Gulf Coast refiners are lining up repairs to plants in 2017 but facing a severe
      REUTERS  -  810 words
    • Article, Illustration
      Lock icon Trudeau’s energy boss turns to electricity after oil decisions
      647 12 BLOOMBERG Ottawa IT WAS a tumultuous autumn for Jim Carr. Canada’s pipeline point man was a key player in decisions by Prime Minister Justin Trudeau’s government to approve a major liquefied natural gas project in September and a pair of crude-oil
      BLOOMBERG; PHOTO: REUTERSK  -  647 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      420 12 Whoamongthese12 finalists isyourchoiceforTheStraitsTimes SingaporeanoftheYear2016award? This award, in partnership with UBS for the second year running, seeks to honour the positive impact made by Singaporeans and celebrate the triumph of the human spirit Cast your vote at http://str.sg/soty2016 by Jan 5, 6pm First 100 voters will get a commemorative book, Lee
      420 words
Page thumbnail Page 13
  • TECHNOLOGY
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      3106 13 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg BIC BRC Asia Limited (Incorporated in the Republic of Singapore) (Company Registration No. *****0054G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of BRC Asia Limited (the “Company”) will be held at 5 Sixth Lok Yang
      3,106 words
Page thumbnail Page 14
  • CONSUMER
    • Article, Illustration
      Lock icon Head of Japan’s largest ad agency to quit over suicide of young worker
      466 14 Her death, due to overwork, has prompted raids on Dentsu offices REUTERS Tokyo THE president of Dentsu Inc, Japan’s largest advertising agency, will step down over the “death by overwork” of a young employee, a suicide which
      REUTERS  -  466 words
    • Article, Illustration
      Lock icon The road to 100% Brexit-proof whisky runs through Shanghai
      762 14 BLOOMBERG Edinburgh IT’S not just the pagoda roof turret that gives the Annandale Distillery in Scotland an Asian feel. On the stone buildings, pointing the way to everything from the copper stills producing Scotch whisky to the toilets and gift store,
      BLOOMBERG; PHOTO: REUTERS  -  762 words
    • Article
      Lock icon Retailer Kate Spade exploring sale: report
      322 14 REUTERS Bengaluru HANDBAG and accessories maker and retailer Kate Spade Co, under pressure from an activist investor, is exploring a sale and is working with a bank to sound out possible buyers, The Wall Street Journal reported, citing people familiar with the matter. The
      REUTERS  -  322 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      1847 14 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg KEONG HONG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****7303W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Keong Hong Holdings Limited (the “Company”) will be held at Meeting Room
      1,847 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      450 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KIARA CAPITAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****3197C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of KIARA CAPITAL PTE. LTD. deemed to have been duly convened and held
      450 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      442 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CD-ADAPCO S.E.A. PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6885C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of CD-ADAPCO S.E.A. PTE. LTD. deemed to have been duly convened and held
      442 words
Page thumbnail Page 15
  • GOVERNMENT & ECONOMY
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      862 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg In the Matter of The Companies Act, Cap. 50 And In The Matter of WATER TECHNOLOGIES HOLDINGS PTE LTD (IN PROVISIONAL LIQUIDATION) (Company Registration No: *****1386H) NOTICE PURSUANT TO SECTION 291(4) STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY
      862 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      1279 15 INTERNATIONAL HEALTHWAY CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4341 E) (In receivership over charged shares in certain subsidiaries) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of International Healthway Corporation Limited (the "Company”) will be held on 23
      1,279 words
Page thumbnail Page 16
  • TRANSPORT
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      807 16 NOTICES Te l 6 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 a s s c o m s g BRC
      807 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      436 16 BICOLOUR PTE LTD (Co. Reg. No.: *****3156N) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 160 Robinson Road, #17-01 SBF Center, Singapore *****4 on 28 December 2016, the following SPECIAL RESOLUTION was passed THAT the company be
      436 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 3
      278 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LEHMAN BROTHERS PACIFIC HOLDINGS PTE. LTD. (In Creditors’ Voluntary Liquidation) (Company Reg. No: *****3883N) NOTICE OF INTENDED DIVIDEND FOR UNSECURED CREDITORS Name of Company Address of Registered Office Last Day for Receiving Proofs Name of Liquidators
      278 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      1767 17 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PGU PKL KUC MUA LCB FABULOUS SW 014 60 2/1 3/1 MALAYSIA STAR 65 50 8/1 9/1 13/1 15/1 OCEAN LEADER EAL2 60
      1,767 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      244 17 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 122 PRW016 31/12/2016 01/01/2016 Pelindo/Perawang DAILY Marco Polo 138 TTS011 31/12/2016 01/01/2016 Tebing Tinggi/Jambi DAILY Marco
      244 words
Page thumbnail Page 18
  • OPINION
    • Article
      Lock icon Expect another year of surprises – and opportunity
      549 18 Expect another year of surprises and opportunity EDITORIAL IT’S as if 2016 just won’t give us a break. Two days ago, Star Wars fans around the world bade goodbye to Carrie Fisher, who was central to bringing to life the spectacular universe of Star Wars as Princess Leia to generations
      549 words
    • Article, Illustration
      Lock icon Holistic elderly care: The future is now
      1046 18  -  There’s urgent need to innovate ways to deliver healthcare services.BY services.BY GIRISH RAMACHANDRAN T The writer is president, Asia-Pacific, Tata Consultancy Services THE world is growing old. More people are ageing, ageing lonely and ageing with declining mental and physical abilities. Longevity has
      FILE PHOTO  -  1,046 words
    • Article
      Lock icon The Age of Incompetence
      802 18  -  THE BOTTOM LINE By J Bradford DeLong T The writer, a former deputy assistant US Treasury Secretary, is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. PROJECT SYNDICATE Berkeley ON Jan 20, 2017,
      PROJECT SYNDICATE  -  802 words
    • Article
      Lock icon Words of the year underscore a dark, surreal 2016
      871 19  -  COMMENTARY By Philip Seargeant T The writer is a senior lecturer in Applied Linguistics at The Open University THE CONVERSATION EVERY December, lexicographers around the world choose their “words of the year”, and this year, perhaps more than ever, the stories
      THE CONVERSATION  -  871 words
    • Article
      Lock icon Sustainability reporting ultimately good for the business
      743 19  -  COMMENTARY By Sovann Giang, Dennis Lee, Claire Nie T The writers are from the risk advisory division of RSM in Singapore. Mr Giang is senior director, Mr Lee is a director, and Ms Nie is a consultant, at the firm SINGAPORE Exchange’s (SGX)
      743 words
    • Article, Illustration
      Lock icon Kerry looks to legacy with hard-hitting speech
      1126 19  -  Asserting that the Obama team has done the most for Israel, he argues two-state solution is the only way to Mid-East peace. BY ANDREW HAMMOND peace.BY ANDREW HAMMOND T The writer is an associate at LSE ideas (the Centre for international Affairs, Diplomacy
      PHOTO: AFP  -  1,126 words
Page thumbnail Page 19
Page thumbnail Page 20
  • DINING OUT/WINE
    • Article, Illustration
      Lock icon Ending the year on a fresh note
      1020 20  -  Thirteen is a late entrant to the Singapore dining scene in 2016, but Chef Fiechtner’s cooking gets your imagination going again. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Thirteen Duxton Hill 13 Duxton Hill Tel: 9054 1435 Open every day
      1,020 words
    • Article, Illustration
      Lock icon Wine collecting in Singapore today
      1011 20  -  By NK Yong WHAT vintages of which wines does one start one’s collection with? A tough question but an absorbing one to deal with. When I started in 1983 I was very fortunate. It was already early summer of 1983 and the 1982 en primeurs
      PHOTO: AFP  -  1,011 words
Page thumbnail Page 21
  • REVIEWS/ENTERTAINMENT
    • Article, Illustration
      Lock icon A family drama that’s given the Almodovar treatment
      597 21  -  Julieta is an adaptation of three linked short stories imbued with the trappings of Almodovaria. BY GEOFFREY EU UN film de Almodovar: four words that inevitably trigger a sense of anticipation among arthouse types. For roughly 35 years, Spanish auteur Pedro Almodovar
      597 words
    • Article, Illustration
      Lock icon Slow start despite interesting plot
      578 21  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT GIVEN its novel premise, it’s funny how long it took for Philip K Dick’s Hugo Award-winning 1962 alternate history novel, The Man in the High Castle, to be adapted for screen. Thanks to Amazon Prime Video, it’s finally happened and
      578 words
    • Article, Illustration
      Lock icon King of Swing ready to ring in new year
      460 21  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT JAZZ fans take note Jeremy Monteiro will be ringing in 2017 with a special dinner show that will pay tribute to Frank Sinatra. The Frankly, It’s the New Year performance will take place at Quentin’s The
      PHOTO: RUSSEL WONG  -  460 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      296 21 CRYPTIC CROSSWORD Across 1 Let off extra duties at first (6) 5 County game is cut short before reserve appears (8) 9 Politicians finish in Lords who can’t abide changes (6,7) 10 Abandon plane and sit back working (8) 11 Ambush means gamble (6) 12 Con trendy officer on board
      296 words
Page thumbnail Page 22
  • ARTS
    • Article, Illustration
      Lock icon Haresh Sharma in season
      950 22  -  Esplanade’s The Studios puts spotlight on just one playwright for the first time. BY CHEAH UI-HOON uihoon@sph.com.sg T Actor, 40 Feb Haresh Sharma, resident playwright of The Necessary Stage (TNS), has written a few monologues in his illustrious 30-year career. There is the 1995 Rosnah and
      PHOTO: THE POND PHOTOGRAPHY; PHOTO: COURTESY OF ESPLANADE  -  950 words
    • Article, Illustration
      Lock icon Channelling Sharma
      327 22  -  By Cheah Ui-Hoon uihoon@sph.com.sg ESPLANADE Theatres on the Bay puts the spotlight on the works of Singapore playwright and Cultural Medallion recipient Haresh Sharma in The Studios 2017. March 16-April 14 at Esplanade Theatre Studio www.esplanade.com/thestudios Fundamentally Happy (in Mandarin) Directed by Nelson Chia A co-production with Nine
      PHOTO BY TUCKYS PHOTOGRAPHY, COURTESY OF ESPLANADE  -  327 words
    • Article, Illustration
      Lock icon A tale of two artists and three cities
      551 22  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT TWO creatives a poet and a visual artist have come together to pay tribute to three cities: London, Yangon, and, of course, Singapore. The result of their collaboration is an art exhibition and a book launch that
      551 words
    • Article, Illustration
      Lock icon Exploring new ideas and techniques
      546 22  -  By uihoon@sph.com.sg Cheah Ui-Hoon uihoon@sph.com.sg THE works of artists Baet Yeok Kuan and Chng Nai Wee may not follow a discernible theme, but a closer look shows the two of them exploring new possibilities in the medium of painting. The duo’s last joint exhibition was
      546 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      31 22 T Actor, 40 runs on Feb 3-6, Fri Mon, 8pm; Sat Sun, 3pm 8pm. The 15th edition of Huayi Chinese Festival of Arts runs from Feb 3-12. More information at ivals-and-series/huayi-chinese-fest-ival-of-arts/2017
      31 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      73 22 T Tickets for The Studios 2017 are now available from Esplanade’s Box Office at Mezzanine level (Tel: +65-6828-8389), the Sistic Hotline (Tel: +65-6348-5555) and all Sistic outlets. T Juxtaposition, an exhibition by Baet Yeok Kuan and Chng Nai wee, will be held during Singapore Art Week and runs from Jan
      73 words
Page thumbnail Page 23
  • COVER STORY
    • Article, Illustration
      Lock icon Get ready to go green
      934 23  -  More eco-friendly buildings and soothing colour schemes set the design tone for 2017. DESIGN BY TAY SUAN CHIANG taysc@sph.com.sg @TaySuanChiangBT WHAT will 2017 bring to the design world? More green buildings in Singapore, soothing colour palettes and furniture that incorporates technology are just some of
      934 words
    • Article, Illustration
      Lock icon Market recovery still uncertain
      516 23  -  ART AND AUCTIONS By Helmi Yusof helmi@sph.com.sg @HelmiBT TRUST Lorenzo Rudolf to tell it like it is. Last month at a press conference for the upcoming Art Stage Singapore 2017, its founder and fair director gave his candid views of the Singapore visual arts market: “Everybody
      FILE PHOTO  -  516 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      201 23 St* news with benefits IN ASSOCIATION WITH wine our best picks s Ii_ STwine nil: STRAITS ITMI* I I T 011 st St wine m W -uJL 4 •HE STRAITS TIMES <» Fine wines at your doorstep Subscribe to ST's new wine club and get up to four bottles of
      201 words
Page thumbnail Page 24
  • BT Lifestyle
    • FORECAST 2017
      • Article, Illustration
        Lock icon A year of deaths ... and rebirths
        725 24  - A year of deaths and rebirths What were 2016’s major developments and how will they impact the arts, entertainment and design next year? BT Lifestyle takes a look at the forces that’ll shape 2017 MUSIC By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT 2016 is quite easily the worst year for music fans.
        PHOTO: AFP; FILE PHOTOS  -  725 words
      • Article, Illustration
        Lock icon Superheroes, sequels and reboots galore
        524 24  -  MOVIES By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THE music world lost a Prince in early 2016, and the film universe bid farewell to a Princess just earlier this week. It’s been a rocky year of celebrity deaths and for those wondering how Carrie Fisher’s sudden departure
        FILE PHOTO  -  524 words
      • Article, Illustration
        Lock icon Never been more diverse – and better
        497 24  - Never been more diverse and better TELEVISION By Helmi Yusof helmi@sph.com.sg @HelmiBT TV is changing faster than you can say Amazon Prime, and it’s almost all for the better. As we hurtle through the second decade of what’s called the “Golden Age of Television”, the number of acclaimed TV shows
        497 words
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      28 24 ARTS Spotlight on playwright Haresh Sharma 22 CINEMA A family drama that’s given the Almodovar treatment 21 Predictions for 2017 in design, art and art auctions, Page 23
      28 words