The Business Times, 2 December 2015

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Total Pages: 24
1 24 The Business Times
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  • Title Section
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    33 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg B D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Wednesday, December 2,2015
    33 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    251 1 The People’s Action Party is already on the hunt for potential candidates for the next general election, less than three months after it won decisively in the last GE. TOP STORIES 3 Neptune Orient Lines should carve out and sell its terminals in the US and Asia separately
    251 words
  • Article
    Lock icon IMF inclusion of yuan as SDR unit draws mixed reaction
    931 1  -  Some say it’s a further step towards the currency’s internationalisation; others say event is purely symbolic By Anthony Rowley btworld@sph.com.sg Tokyo MONDAY’S decision by the International Monetary (IMF) fund to admit the Chinese renminbi (RMB) to the basket of leading
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  • Article
    Lock icon MARKETS
    28 1 MARKETS Tuesday Change STI 2,870.26 +14.32 KL COMP 1,682.37 +10.21 NIKKEI 225 20,012.40 +264.93 HANG SENG 22,381.35 +384.93 SHENZHEN B 1,214.56 +14.71 DOW (11.45 EST) 17,830.23 +110.31
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  • Article, Illustration
    Lock icon S’pore business optimism hits new low amid global slowdown
    724 1  -  Services most positive while construction’s in a dark place: survey By Angela Tan angelat@sph.com.sg Singapore LOCAL firms in Singapore are increasingly more pessimistic due to falling global demand, depressing a wide-ly-followed business confidence index into a contractionary zone for the first
    Source: Singapore Commercial Credit Bureau  -  724 words
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      91 1 8 "*****1 *****4 CLIMATE CHANGE s'pore 2030 V? V goals aggressive f" V and ambitious .1‘! A,‘ TOP STORIES 2 Deutsche Bank db.com Global strength and At the centre of Asia 'pevfcrtmexpertise, 's markets. This advertisement has been approved and/or communicated by Deutsche Bank AG or by its subsidiaries and/
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      21 1 MULTI-ASSET FUNDS Rein in income expectations executive money 24 BOOSTING LIQUIDITY SGX launches its brand of stock indices COMPANIES MARKETS 5
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      29 1 ARAB SPRING Five years on, instability continues OPINION 19 New currency status points to weaker yuan, Page 2 Small step for money, big leap for monetary system, Page 18
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      31 1 BTLuxe Christmas 2015 AND… ACTION! One of the world’s biggest artists, Takashi Murakami, is re-inventing himself as a new Spielberg. Get your issue free with The Business Times on Dec 4
      31 words
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  • TOP STORIES
    • CLIMATE CHANGE
      • Article, Illustration
        Lock icon S’pore’s 2030 goal aggressive and ambitious: Masagos
        657 2  -  But most of emissions from only small core of players, and the govt will tighten regulations, he adds By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE’S commitment for the climate change talks to reduce carbon emissions intensity by 36 per cent from 2005 levels
        657 words
      • Article, Illustration
        Lock icon It’s crunch time for climate negotiators in Paris
        738 2 Climate finance and how to define goal for phasing out fossil fuels remain hurdles REUTERS Paris WITH encouragement from 150 world leaders ringing in their ears, government negotiators in Paris were on Tuesday left to turn the rhetoric into reality and agree
        REUTERS; PHOTO: AFP  -  738 words
    • Article, Illustration
      Lock icon China’s new currency status points to weaker yuan
      362 2  -  REUTERS BREAKINGVIEWS By Peter Thal Larsen THE newly global yuan could get weaker. The International Monetary Fund (IMF) has endorsed China’s financial reforms by adding the renminbi to its basket of reserve currencies. The largely symbolic boost will do little to counteract
      362 words
    • Article
      Lock icon Grab Taxi, Hailo get LTA nod on cab booking service
      246 3 Singapore GRAB Taxi Pte Ltd and Hailo Singapore Pte Ltd are among third-party taxi booking service providers that have been given the nod to operate in Singapore. On Tuesday, the Land Transport Authority (LTA) said in a release that they
      246 words
    • Article, Illustration
      Lock icon PAP already hunting for candidates for GE2021
      590 3  -  Gan Kim Yong in charge of identifying potential candidates, says PM Lee at dinner for 15 retired MPs By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore LESS than three months after the People’s Action Party (PAP) secured a dominant victory in the general election (GE),
      FILE PHOTO  -  590 words
    • Article
      Lock icon AHPETC sees red again for governance, arrears management
      573 3  -  MND says the town council failed to submit its monthly S&CC arrears report By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore DAYS after the apex court ordered the appointment of external auditors at the Workers’ Party-led town council, the Aljunied-Hougang-Punggol East Town Council (AHPETC)
      573 words
    • Article
      Lock icon NOL urged to sell terminals and liner business separately
      704 4  -  Former deputy CEO Lim How Teck says this would allow Temasek to fetch top dollar on NOL divestment By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore NEPTUNE Orient Lines (NOL) should carve out and sell its terminals in the US and Asia to
      704 words
    • Article, Illustration
      Lock icon China’s purchasing managers’ index for November continues to contract
      657 4  -  Official PM I logs 4th month of contraction, and is the lowest since Aug 2012 By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S official purchasing managers’ index (PMI) dipped to a three-year low in November, which became its fourth consecutive month of contraction;
      PHOTO: AFP  -  657 words
    • Article
      Lock icon MAS slows pace of savings bond programme
      343 4  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore government is slowing the pace at which it offers Savings Bonds, with up to just S$300 million on offer for issuance in January, compared to S$1.2 billion in each of the previous three months. After
      343 words
    • Article, Illustration
      Lock icon Teo Eng Cheong leaving IE S’pore for Surbana Jurong
      650 4  -  IE’s deputy CEO Chua Taik Him will assume role of Acting CEO next year By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore AFTER leading International Enterprise (IE) Singapore for five years, Teo Eng Cheong will step down as the trade agency’s chief executive
      650 words
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      433 2 The Science of Compliance Seminar A practical workshop on Employee Remuneration Reporting (Forms 8E and IR21) pwc All employers in Singapore have a mandatory requirement to prepare year-end reporting for their employees for calendar year 2015 by 1 March 2016. The importance of accurate and timely employee compensation reporting is
      433 words
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      322 3 SIGNATURE PRIORITY BANKING YOU ARE AS UNIQUE AS YOUR SIGNATURE Expert and customised wealth management solutions, together with exceptional and personalised service, are what your financial wealth goals will benefit from. And these are the hallmarks of ANZ Signature Priority Banking. Our people are wealth management and investment specialists with
      322 words
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      66 4 rflrfl SPACE SAI ENDS NEXT WEEKEND! Hi nM TTT M rirArirA L L L. Space Furniture 77 Bencoolen Street Singapore *****3 Open 10.30am 8pm daily +65 6415 0000 spacefurniture.asia Earn 10 Membership Rewards points for every $1.60 spent on your American Express® Cards. Visit americaexpress.com.sg/extrarewards. mm mm llll TTTTvw MAKE
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  • COMPANIES & MARKETS
    • Article
      Lock icon SGX launches new batch of stock indices
      640 5  -  They track four local themes and are aimed at improving liquidity, market understanding By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WITH an eye on improving liquidity and understanding of Singapore’s stock market, Singapore Exchange (SGX) on Tuesday launched 11 stock indices tracking four key
      640 words
    • Article
      Lock icon ‘One Belt, One Road’ to boost Singapore IPOs: Deloitte
      607 5  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AFTER a year to forget, Singapore’s initial public offering (IPO) outlook can be brighter next year due to infrastructure companies stepping out of China to fulfil the nation’s “One Belt, One Road” aspirations, said Ernest
      607 words
    • Article, Illustration
      Lock icon SPH has $1.2b war chest to invest in new projects
      693 6  -  Group’s 35% gearing gives it substantial borrowing capacity, CEO Alan Chan tells shareholders at AGM By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE Press Holdings (SPH) is in a strong financial position to tap new growth opportunities as the media group
      PHOTO: KWONG KAI CHUNG / LIANHE ZAOBAO  -  693 words
    • Article
      Lock icon Felda Global Ventures shares up as it drops acquisition deal
      569 6  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur INVESTORS cheered Felda Global Ventures’ termination of a deal to acquire Indonesia’s PT Eagle High Plantations, pushing its shares up 4.5 per cent to RM1.85 on Tuesday, although analysts are of the view that
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    • Article
      Lock icon UOB unveils service for small businesses to meet new payslip requirements
      405 6 Singapore UNITED Overseas Bank (UOB) has launched a UOB Payroll Service to make it easy and cost-effective for small businesses to meet the key amendments to Singapore’s Employment Act. When the amendments kick in from April next year, all
      405 words
    • Article
      Lock icon Louis Dreyfus hedge fund Edesia to close S’pore office: sources
      312 6 BLOOMBERG Geneva THE hedge fund controlled by commodities giant Louis Dreyfus Holding BV will close its Singapore office to focus on its European trading operations, according to three people with knowledge of the matter. The closure will eliminate four positions
      BLOOMBERG  -  312 words
    • Article, Illustration
      Lock icon Ho Bee acquires London property for £99 million
      441 7  -  Chairman says acquisition is unique as it offers group recurrent income till 2023 lease expiry By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HO BEE Land has acquired a freehold property known as Apollo House and Lunar House in London for a gross consideration
      441 words
    • Article
      Lock icon LME to boost revenue by allowing metal as collateral
      163 7 London THE London Metal Exchange (LME) expects to boost revenue from a new service that allows members to use metal as collateral instead of cash and bonds, an executive of the exchange’s clearing house said on Monday. The LME expects a
      163 words
    • Article
      Lock icon Food guide Burpple to get fresh funds of up to US$6m
      336 7 Singapore BURPPLE, a digital guide to eating places in Singapore and Kuala Lumpur, has announced that it will receive up to US$6 million in funding from Tembusu Partners, SPH Media Fund and Triumph Capital to strengthen its existing market
      336 words
    • Article
      Lock icon Tribunal awards Intraco final interest, costs in dispute
      324 7  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore AN ARBITRATION tribunal has awarded Intraco a final S$3.2 million in interest in the trading company’s dispute with privately held Timor Global over a 2007 joint-venture agreement. Intraco had already been awarded a sum of S$6.6
      324 words
    • Article
      Lock icon BOC Aviation signs US$500m five-year unsecured debt facility
      192 7 Singapore BOC Aviation Pte Ltd has signed a US$500 million five-year unsecured syndicated term loan facility its largest ever syndicated term loan. The proceeds will be used for general corporate purposes. Australia and New Zealand Banking Group, Commonwealth Bank of Australia, DBS
      192 words
    • CORPORATE DIGEST
      • Article
        Lock icon Sembcorp Marine
        75 7 SEMBCORP Marine expects to post a net loss for the fourth quarter and a significant drop in net profit for 2015. The rigbuilder cited a challenging operating environment and customers deferring or seeking to defer their rig orders. SembMarine reported a net profit of S$174 million for the
        75 words
      • Article
        Lock icon Technics Oil & Gas
        88 7 Technics Oil Gas MAINBOARD-listed Technics Oil Gas has posted three straight years of pre-tax losses before exceptionals, the oil and gas contractor said on Tuesday. The losses triggered one of two conditions for potential delisting. However, Technics’ market capitalisation on Tuesday was S$152.1 million, above the S$40 million 120-day average
        88 words
      • Article
        Lock icon Rowsley Ltd
        60 7 ROWSLEY Ltd has appointed Ng Ser Miang as chairman and non-executive independent director of the group with effect from Dec 1, 2015. Mr Ng succeeds Chiang Chie Foo, who stepped down as chairman and non-executive non-independent director. Mr Chiang will become adviser at Meriton, a company owned by
        60 words
      • Article
        Lock icon IPS Securex Holdings
        74 7 IPS Securex Holdings Ltd has been appointed by Bio-Nexus Ltd as a sub-contractor to deploy and maintain Bio-Nexus’ Care software system at the Visy Group’s Chicago site as well as at 15 additional sites of the Visy Group. The Visy Chicago Project comprises three modules and the
        74 words
    • Article, Illustration
      Lock icon STI rebounds in tandem with HK, China
      671 8  -  Rise follows confirmation of yuan’s inclusion in IMF’s SDR basket; turnover amounts to 994m units worth S$1.02b STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT CONCERNS over whether the yuan’s inclusion as a reserve currency would spark volatility in equity markets proved unfounded as stocks
      Source: Bloomberg  -  671 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 +5 244/236 271 213 6 6178.7 CapitaLand 312 +10 313/303 379 267 11.4 2.9 *****.4 CapitaMall Trust 196 +5.5 196.5/188.5 228 184.5 5.5 6811.5 CityDev 728 -6 735/727 1095 725 8.8
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    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME Noble 50,871,600 StratechGroup 41,112,900 QT Vascular 34,266,200 Geo Energy Res 33,278,600 Spackman 32,649,500 Market volume 1,176,637,000 VALUE HongkongLand USD 151,924,393 DBS Grp 94,108,493 Singtel 74,487,872 OCBC Bank 47,970,871 Global Logistic 47,479,414 Market value 1,027,671,000
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    • Article
      Lock icon SGX ETFs
      112 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US668 -4 331 676/668 1000/648 668/672 83.5 STI ETF 293 +1 122 294/292 355/280 292/293 DBXT MSEAsia US$ US375 +6 69 375/369 468/340 -/376 DBXT MSASPAC US$ US348 +5 66 348/343 412/318
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 1 VALUE CLOSE BT OB/OS -340.00 +66.00 BT CADI -*****.00 +65.00 BT 10-day MA -*****.00 -34.00 FTSE ST Mid Cap 677.44 +4.56 FTSE ST Small Cap 405.14 +1.62 FTSE ST All Share 694.88 +3.71 FTSE ST China Top 171.78 +1.37 FTSE ST China 207.31 +2.02 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index Dec 1,2015 694.88 +3.71 (+0.54%) Current streak 1 day Day high 696.52 Day low 691.79 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index NOV 30,2015 1,741.01 -5.05 (-0.29%) Current streak 2 days Day high 1,745.56 Day low 1,734.24 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 4 1 0 0 8 3 4 Manufacturing 36 34 30 3 11 9 39 45 39 Commerce 19 11 14 4 3 3 23 14 17 Tpt/Stor/Comms 15 9 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 Sing foreign stocks. Value calculated using Monday's exchange rates. VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,077 9,044 24,121 41,666 2,963 44,629 Manufacturing 68,827 72,158 140,985 55,842 5,021 60,863 Commerce 97,408 46,475 143,883 68,281 2,758 71,039 Tpt/Stor/Comms 111,716 505 112,221 161,537 43
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 170.6 1.2 *****/***** SPDR S&P500 US$ ***** 84.6 0.3 *****/***** DBXT China50 US$ 3036 83.2 2.0 4258/2750 JMH USD 5020 42.3 0.6 6788/4502 DBXT MSAsExJp US$ 3243 40.9 0.9 4064/2973 BY PERCENTAGE CLOSE UP 52w high/low Leader Env 4.8 65.5
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low Lyxor Indonesia US$ 7036 -244.0 -2.4 9182/6250 Great Eastern 2097 -26.0 -1.2 2600/1870 DBXT MSINDO US$ 1119 -25.4 -1.6 1492/911 IS Asia BND US 1033 -14.1 -1.0 1096/1019 Lyxor EM Mkt US$ 875 -14.1 -1.1 1104/824 BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotive
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 8 VOL CLOSE($) CHANGE Leader Env 181.2 0.048 +0.019 +65.52 CSC 11,433.4 0.020 -0.014 -41.18 China Intl 53.3 0.320 -0.090 -21.95 SunMoonFood 11,584.1 0.049 +0.006 +13.95 Eucon 2,200.0 0.018 +0.003 +20.00 Elektromotive 9,250.7 0.002 -0.002 -50.00 Mencast 762.7 0.245 +0.025 +11.36 Linc Energy 23,046.2 0.200 +0.016 +8.70 Pavillon 51.1
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    • Article
      Lock icon BROKERS’ TAKE
      445 8  -  Compiled by Kenneth Lim Singapore land transport Overweight RHB Research, Dec 1 WHILE we were positive on the positive outlook for earnings from Singapore’s bus business, we are now increasingly confident that the incumbent bus operators could witness cash inflow from the sale of bus assets back to
      445 words
    • Article
      Lock icon CALENDAR
      25 8 DATA I 9.30pm (Dec 2) Singapore Purchasing Managers Index I 8pm (Dec 2) US MBA Mortgage Applications I 9.45am (Dec 2) China Manufacturing PMI
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    • Article
      Lock icon US dollar rally hits roadblock in Asian trading
      396 9 CURRENCIES AFP Tokyo THE US dollar’s ascent hit a roadblock on Tuesday as investors turned cautious and markets increasingly take account of a long-awaited US interest rate hike. Traders have been bidding up the US dollar in anticipation of the rate rise
      AFP  -  396 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.971 4.656 0.688 5.640 48.451 100.452 0.894 8.426 3.080 1.094 76.763 34.345 1.026 10.505 0.747 23.817 26.068 0.482 0.728 Canada 1.030 4.793
        471 words
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Dec 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0258 1.0266 0.7274 0.7279 Canadian dollar 1.0564 1.0566 0.7492 0.7491 Euro 1.4917 1.4921 1.0578 1.0579 NZ dollar 0.9381 0.9388 0.6652 0.6656 Sterling pound 2.1286 2.1296 1.5094 1.5099
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 1 S$ Bid Offer 1-month 1.4116 1.4121 2-months 1.4131 1.4135 3-months 1.4144 1.4150 6-months 1.4175 1.4182 Source: OCBC
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        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 9 Most active Dec 1 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****4 6.4 0.2 9022 0.1 1880 4 STI 3100 MB eCW*****9 3.3 unch 5860 0.0 --2 Second Chance Prop W*****4 0.2 -0.1 5000 1 40
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 9 In local curr In S$ In US$ dy yr dy yr dy yr Nov 30 Index Change Change Change Change Change Change World Preliminary 1308.8 -0.2 2.6 -0.5 5.5 -0.2 -0.8 EAFE Preliminary 1042.6 -0.2 5.7 -0.6 4.3 -0.3 -1.9 Europe Preliminary 1469.3 0.2 6.3
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        389 9 Dec 1 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 9940.00 *****.00 9902.50 *****.00 *****5 *****3 Jan16 9920.00 *****.50 9902.50 *****.00 1047 903 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****8 Mar16 *****.00 *****.00 *****.00 *****.00 1639 3545 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 1 $S Offer Bid 0vernight 0.10 0.05 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.60 US$ Offer Bid 7 days 0.20 0.10 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.75 0.55 9 months 0.95 0.75 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Dec 1 Dec 1 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.35 100.37 100.37 5-Year N*****0S 2.000 01-Jul-20 100.17 10-Year NX*****Z 2.375 01-Jun-25 98.93 99.00 98.95 15-Year NZ*****F 2.875 01-Sep-30 101.13 101.37 101.37 20-Year NZ*****V 3.375 01-Sep-33 107.49
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 NOV-30 Price Net change change Last Trade Agricultural Nov-30 CBOT Soybeans (US cents/bu) 881.00 8.00 0.92% 14/01/2016 CBOT Soybean Oil (US cents/lb) 29.10 0.35 1.22% 14/12/2015 CBOT Wheat (US cents/bu) 460.00 -5.75 -1.23% 14/12/2015 Nov-30 LIFFE Cocoa (£/tonne) 2261.00 1.00 0.04% 14/12/2015 LIFFE Coffee (US$/tonne) 1481.00 0.00 0.00%
        193 words
      • Article
        Lock icon PALM OIL
        54 9 Dec 1 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2145.0 9 3080 Jan 16 2289.0 2261.0 2294.0 2260.0 2153 ***** Feb 16 2365.0 2339.0 2375.0 2337.0 ***** ***** Mar 16 2405.0 2380.0 2411.0 2379.0 7453
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    • Article
      Lock icon SGX MAINBOARD
      1892 10 Transaction date: Dec 1 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom Last Sale AAT vol ('000) High Day Low Div 153 131.5 AIMSAMP Cap Reit GrYld 175.5 118 ARA Asset Mgmt 119 -2.5 1672
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    • Article
      Lock icon SGX CATALIST
      346 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol 4 2.2 t Acesian Partners High 1 0.3 t Advanced Systems 0.4 unch 290 0.4 0.4 10.5 Low Div 25 4.5 t Alliance Mineral 12.8 +0.1 *****
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    • Article
      Lock icon SGX ETF
      116 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1145 -6 0 1145 1145 1048 700 CIMBASEAN40 US$ US817 -7 6 817 813 128.1 4258 2750 DBXT China50 US$ US3036 +59 2 3036
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      Lock icon Page 5 Advertisements Column 1
      67 5 BTLuxe Christmas 2015 HOUSE HUNTER Self -made real estate tycoon Qin Tong Qian takes collecting a step further, buying and restoring ancient architecture. Read this story in BTLuxe’s Heritage Issue featuring business innovators who combine their passion for the past with savvy business acumen. Plus Christmas gifts, festive feasts, holiday
      67 words
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      71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article
      Lock icon Rules still largely missing in potential new Reit markets
      883 11  -  Real estate professionals looking beyond two years for China and 12 months for India By Lee Meixian leemx@sph.com.sg @LeeMeixianBT THIS year has seen some developments in the regimes of nascent real estate investment trust (Reit) markets in China, India, Indonesia and
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    • Article
      Lock icon Interest in Singapore property seen waning in 2016
      894 11  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT SINGAPORE has been slipping in its real estate investment prospect rankings over the past few years, falling from first place in 2011 and 2012, to third in 2013, seventh in 2014 and ninth in 2015. It is
      894 words
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      Lock icon CCT’s Wilkie Edge being quietly marketed by agents
      514 11  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT CAPITALAND Commercial Trust’s retail and office space at Wilkie Edge in the Selegie area is being quietly marketed for sale by some property agents, The Business Times understands. The asking price being bandied about is S$1,800-2,000 per
      FILE PHOTO  -  514 words
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      56 11 Strata area: 6,630 sq ft/Tenure: 99 yrs Tenanted till 2017 No ABSD/SSD, foreigners eligible Downtown/future Shenton Way MRT Potential for F&B/clinics/pharmacy Future en bloc potential With water supply/faces bus stop Auction on 9 Dec (Wed), 2.30pm at Amara Hotel, Level 3 Annie Chan (65) 9237 5332 CEA Reg. No. R*****4B
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      516 11 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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      361 11 CCD Singapore <3i3.D Savings Bonds Website: www.sgs.gov.sg/savingsbonds/ Hotline: 6221 3682 Application for Singapore Savings Bonds The Monetary Authority of Singapore (MAS) invites individuals to apply for the next issue of Singapore Savings Bonds (Savings Bonds): Issuance date 1 Maturity date 1 Maximum amount offered- 2 Issue Code Coupon payment dates
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Samsung replaces top mobile exec as sales dwindle amid competition
      638 14 Phone shipments tipped to fall further as Apple, Xiaomi and Huawei put the squeeze on BLOOMBERG Seoul SAMSUNG Electronics Co replaced the executive overseeing its mobile phone business as the company tries to protect a dwindling sales lead against Apple
      BLOOMBERG; PHOTOS: REUTERS  -  638 words
    • Article
      Lock icon AppDynamics raises US$158m, showing appetite of late-stage investors
      427 14 Firm’s valuation nudges up to US$1.9b from US$1.1b in July 2014: source REUTERS San Franciso APPDYNAMICS, a maker of software to manage and analyse applications, has raised US$158 million, evidence that some highly valued companies are still garnering investor support despite a
      REUTERS  -  427 words
    • Article
      Lock icon Apple reshapes holiday shopping with bigger smartphones
      354 14 BLOOMBERG Seattle HOLIDAY shoppers aren’t just abandoning crowded stores in favour of shopping online. They’re also putting aside tablets in favour of pushing the buy button on bigger smartphones such as Apple Inc’s iPhone 6 Plus. Online spending via smartphones surged more than
      BLOOMBERG  -  354 words
    • Article
      Lock icon Google’s Street View opens online window to toll of climate change
      421 14 AFP San Francisco AS world leaders gathered in Paris on Monday in the hope of stopping catastrophic climate change, Google Maps is providing online views of remote locations where wildlife is struggling for survival. A “Street View” feature at
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    • Article
      Lock icon Chinese investors pour money into Israeli startups
      807 14 Technology investment from China is growing 50% annually: research centre BLOOMBERG Jerusalem IT was standing room only at Tel Aviv’s Mad Men-inspired Zou Bisou Bar on Nov 17. Representatives from more than 150 Israeli tech startups drank wine and beer, munched finger food
      BLOOMBERG  -  807 words
  • Page 14 Advertisements
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      72 14 ITSHOW 2016 10-13 March 2016 SUNTEC Singapore Levels 3,4&6 L3,11am-9pm L4 L6, 12-9pm itshow.sg fb.com/ComexITShow NOW! Singapore’s LARGEST I.T. consumer electronics exhibition. Thousands of consumers will be there to buy your tech products services! Beverage Fair, COM EX, World Book Your Space NOW! *Limited Booths Available Call *****620 or email
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      68 14 cc Life is not just eating, drinking, television and cinema…The human mind must be creative, must be self-generating; it cannot depend on just gadgets to amuse itself.” Speech at the Chinese New Year and Hari Raya Haji celebrations at Joo Seng Community Centre in 1970 Catch these and other piquant
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  • CONSUMER
    • Article, Illustration
      Lock icon Cyber Monday turns into Cyber Weekend
      535 15 Monday’s sales slow but shoppers start earlier BLOOMBERG Seattle THE pace of online spending slowed on Cyber Monday after consumers started their Internet shopping earlier over the weekend, turning to their smartphones to pickup deals, according to International Business Machines Corp. Web-based sales climbed
      BLOOMBERG; PHOTO: BLOOMBERG  -  535 words
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      Lock icon US bond investors becoming more selective
      691 15 BLOOMBERG New York AFTER more than seven years of an anything-goes market, corporatebond investors are starting to flex their muscles. Vodafone Group plc shelved plans to sell as much as US$2 billion of bonds last week after investors demanded sweetened terms, including provisions that
      BLOOMBERG; PHOTO: REUTERS  -  691 words
    • Article
      Lock icon Pfizer’s case highlights the lengths US firms will go to lower taxes
      846 15 NYT New York LONG before Pfizer conceived of merging with Allergan inaUS$150 billion deal to rid itself of what its chief executive called an “an uncompetitive tax rate” in the United States, the company was deploying various tax
      NYT  -  846 words
    • Article
      Lock icon SABMiller’s China partner seeks pitches on Snow beer JV: sources
      459 15 BLOOMBERG Hong Kong CHINA Resources Beer (Holdings) Co will soon ask investment banks to pitch for a role advising on options for its Chinese brewery joint venture with SABMiller plc, people with knowledge of the matter said. The state-backed company
      BLOOMBERG  -  459 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Eurokars plans bigger investment in Mazda brand
      583 16  -  The distributor intends to erect new two-storey showroom on Leng Kee Road in addition to the existing two By Samuel Ee samuelee@sph.com.sg Singapore AS THE Mazda brand continues to accelerate up the sales chart, Eurokars Group says it will continue to invest heavily
      PHOTO: ARTHUR LEE  -  583 words
    • Article
      Lock icon Foreign cars in US to keep price edge as Ford faces higher labour costs
      340 16 REUTERS Detroit FOREIGN car makers with plants in the United States will be able to offer lower vehicle prices as Ford Motor Co faces continued higher labour costs under a new four-year contract with its US
      REUTERS  -  340 words
    • Article
      Lock icon NSW and Scoot extend partnership to woo tourists Down Under
      263 16  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AUSTRALIA’S New South Wales (NSW) government has entered a two-year partnership agreement with low-cost carrier Scoot to increase inbound tourism from Singapore to Sydney and NSW. The agreement, which will include multiple marketing campaigns,
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      Lock icon Mini-vans likely to grow in popularity as China eases one-child policy
      658 16 REUTERS Guangzhou CAR MAKERS are betting that Chinese families will embrace the mini-van, hoping that the larger, unsexy sibling of the bestselling SUV will become the next big thing just as Beijing relaxes the one-child policy. Mini-vans, or multi-purpose
      REUTERS; PHOTO: REUTERS  -  658 words
    • Article
      Lock icon Conferences are the obvious answer
      711 16  -  Those that limit capacity will control the related problems of overcapacity, volatility and thin profits STRAIT TALK BY DAVID HUGHES LAST week, I mentioned that I supposed it to be politically incorrect to even whisper that we would have all been much better off if
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      Lock icon SHIPPING TIMES
      2105 20 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) SUBIC SIN PG PKL JKT SUR BRIGHT CORAL 007 60 3/12 9/12 11/12 15/12 ADMIRE CORAL 005 60 15/12 17/12 20/12 SEA
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon New Fed rule limits emergency lending power
      1042 17 Restrictions, which stem from Dodd-Frank Act of 2010, aim to ensure US central bank’s aid in a crisis is not used to shore up insolvent firms NYT Washington IN the lead-up to the financial crisis of 2008, the US Federal Reserve had the
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      Lock icon ‘Toxic trio’ of emerging markets smelling of roses
      850 17 REUTERS London LABELLED the emerging market “toxic trio” until not so long ago, the high-yielding bonds of Ukraine, Argentina and Venezuela have come up smelling of roses for those who were brave enough to buy into them at the start of the
      REUTERS; PHOTO: BLOOMBERG  -  850 words
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      Lock icon Xi’s African tour highlights China’s expanding security role
      927 17 BLOOMBERG Cape Town TO see China’s evolving foreign policy, look to Africa, where a desire to protect economic investment is leading to a revision of the country’s hands-off approach to the internal affairs of other nations. Chinese President Xi Jinping began a
      BLOOMBERG; PHOTO: REUTERS  -  927 words
    • Article
      Lock icon Australia introduces tougher foreign investment regime
      409 17 AFP Sydney AUSTRALIA put into force a robust new investment regime on Tuesday, cracking down on foreigners who unlawfully own residential properties and tightening scrutiny on purchases of farmland from overseas. The government announced in May that it planned to fine and even jail
      AFP  -  409 words
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  • OPINION
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      Lock icon India’s Q2 GDP figures show it’s back on the high-growth path
      587 18 EDITORIAL INDIAN Prime Minister Narendra Modi, who has made economic growth in Asia’s third-largest economy his priority, would have reason to be satisfied with a 7.4 per cent annual growth rate in the second quarter of the financial year
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    • Article
      Lock icon Small step for money, big leap for monetary system
      828 18  -  THE BOTTOM LINE By David Marsh T The writer is managing director of Official Monetary and Financial Institutions Forum, an independent platform for research and dialogue on international monetary and financial issues. More information is available at www.omfif.org THE renminbi’s entry
      828 words
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      Lock icon Poorer nations could sway climate talks
      1054 18  -  Arguments promoted by an alliance of these climatically warmer developing countries might derail COP 21.BY FRANK-JÜRGEN RICHTER 21.BY FRANK-JÜRGEN RICHTER T The writer is founder and chairman of Horasis, a global visions community PARIS has braced itself to accommodate ministers, advisers, journalists and protesters
      PHOTO: REUTERS  -  1,054 words
    • Article
      Lock icon Asean could be Australia’s next growth frontier
      953 19  -  COMMENTARY By Fraser Thompson T The writer is director of AlphaBeta, a consulting firm that advises on Asean-related issues RECENTLY, Australia brought its largest ever overseas delegation of businesses to Jakarta as part of the Indonesia-Aus-tralia Business Week. It is the latest in
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    • Article
      Lock icon Don’t let Catalist become a graveyard for dying companies
      529 19  -  LETTER TO THE EDITOR Mak Yuen Teen WHEN stock exchanges introduce a second board, it is often targeted at attracting companies with nil or limited profit records but with growth potential. The acronyms used reflect the exchanges’ optimism or aspirations about
      529 words
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      Lock icon Five years on from Arab Spring, instability continues
      1201 19  -  Aside from political and socio-economic discontent, factors including liquidity crunches and unemployment have exacerbated longer-standing grievances. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London
      PHOTO: AFP  -  1,201 words
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  • Page 20 Advertisements
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      97 20 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE ti ie Business Times SHIPPING TIMES Make A Splash In The Maritime World Via sjfii5witime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry, log on to SPHMaritime.com for a
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Printer pulls out NYT article on Thailand
      468 21 AFP Bangkok THE International New York Times said its printer in Thailand removed a piece on the moribund state of the kingdom’s economy on Tuesday, forcing the edition to carry blank spaces including on the cover. It is the second time in the
      AFP; PHOTO: AFP  -  468 words
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      Lock icon F1 races towards uncertainty as cost issues hobble teams
      734 21 Several teams are struggling to cope with funding problems; uncertainty surrounds number of entries AFP Abu Dhabi NICO Rosberg’s victory in Sunday’s sea-son-closing Abu Dhabi Grand Prix may not install him as favourite to unseat his Mercedes team-mate Lewis Hamilton, but
      AFP; PHOTO: REUTERS  -  734 words
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      Lock icon Vestiges of glamour: China’s ‘four great actresses’
      1281 21 NYT Shanghai QIN Yi was called the most beautiful woman in early Communist China. Now, at 93, as she sits in her apartment in the city where she appeared in more than three dozen movies, her pale complexion and dark eyes are still
      NYT; PHOTOS: NYT  -  1,281 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      328 21 CRYPTIC CROSSWORD Across 1 Didn’t succeed in crossing the ice? (4,7) 9 Exact money? (9) 10 To save is difficult with nothing coming in (5) 11 Available with deferred payment (2,4) 12 He’s smart to order pets (8) 13 One’s in charge but sometimes has a leader (6) 15 Salad
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  • Page 22 Advertisements
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      224 22 IMPACT, OPPORTUNITIES CHALLENGES The ASEAN Economic Community THE BUSINESS TIMES MAYBANK KIM ENG #\NVESTAS\A2016 The ABC encompassing 10 countries more than 600 million people, is targeted to come into effect this year. How will it change the region? What are its implications for politics and economics? What will it mean
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Rein in income expectations in multi-asset funds
      1163 24  -  Managing different positions in varied assets challenging for individual investors. BY GENEVIEVE CUA BY GENEVIEVE CUA gen@sph.com.sg @GenCuaBT INVESTORS have gravitated strongly towards multi-asset funds in the last couple of years, thanks to their ability to generate and distribute income. But Aviva Investors
      Source : Morningstar Direct, total return in SGD as at Oct 31, 2015. World Equity is represented by MSCI World Index; World Bond is represented by Citigroup World Government Bond Index (WGBI)  -  1,163 words
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      Lock icon Local fund manager Aggregate upgraded
      668 24  -  By Genevieve Cua gen@sph.com.sg @GenCuaBT HOMEGROWN Aggregate Asset Management has secured a capital markets services (CMS) licence, an upgrade from its former boutique status which capped the amount of funds it could raise. Over the past seven months, while awaiting licence approval from the Monetary
      PHOTO: AGGREGATE ASSET MANAGEMENT  -  668 words
    • Article
      Lock icon More sells than buys in Singapore stocks
      483 24 ON THE RADAR GLOBAL funds continued to sell more stocks than they bought in the Singapore market in the three months to Nov 30. Based on the top five stocks transacted, there were net sells of S$1.57 billion, compared to net buys of
      483 words
    • Article
      Lock icon Europe’s ‘ticking time bombs’ ripe for shorting: Muddy Waters
      393 24 BLOOMBERG New York CARSON BLOCK, the short-seller whose bet against Asia’s Noble Group Ltd helped sink its shares earlier this year, is targeting the “ticking time bombs” of western Europe. Mr Block, who runs research firm Muddy Waters, said European companies
      BLOOMBERG  -  393 words
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      Lock icon Japan pension fund holds firm even after 7.9t yen loss
      980 22 Push into equities sees govt pension fund post its worst quarterly result since at least 2008 BLOOMBERG Tokyo JAPAN’S giant pension manager is unrepentant after a push into equities saw the fund post its worst quarterly result since at least
      BLOOMBERG; PHOTO: BLOOMBERG  -  980 words
    • Article
      Lock icon European pension fund plans switch to factor-based investing
      572 22 BLOOMBERG Copenhagen ONE of Europe’s biggest pension funds says standard diversification models are no longer the best way to invest as it plans a major revamp of its portfolio strategy to redefine risk. ATP, which oversees about US$100 billion in assets, wants
      BLOOMBERG  -  572 words
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      24 24 PUSH INTO EQUITIES Japan pension fund holds firm even after US$64b loss 22 REDEFINING RISK European pension fund plans switch to factor-based investing 22
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