The Business Times, 3 December 2015

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Total Pages: 26
1 26 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 Q31 A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg [1 @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Thursday, December 3,2015
    33 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    239 1 Singapore will spend more than S$1 billion upfront to buy 99 new trains in what Transport Minister Khaw Boon Wan describes as necessary to achieve higher rail reliability. TOP STORIES 2 In a boost to Singapore’s efforts to become a cyber security hub, Symantec Corp has opened a
    239 words
  • Article, Illustration
    Lock icon Silver lining for S’pore manufacturing?
    615 1  -  Nov PMI still in contraction mode but improves 0.3 point to 49.2 slightly above forecasts By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore ANOTHER month, another negative reading but this time with a slight glimmer of hope for Singapore’s manufacturing sector, if November’s Purchasing Managers’ Index (PMI)
    Source: Singapore Institute of Purchasing & Materials Management  -  615 words
  • Article
    Lock icon MARKETS
    28 1 MARKETS Wednesday Change STI 2,883.64 +13.38 KL COMP 1,676.77 -5.60 NIKKEI 225 19,938.13 -74.27 HANG SENG 22,479.69 +98.34 SHENZHEN B 1,222.10 +7.53 DOW (11.45 EST) 17,891.63 +3.28
    28 words
  • Article, Illustration
    Lock icon Risk managers: Cyber attack could cause next big shock
    466 1  -  Survey also cites geopolitical, new rules, growth slowdown, Fed policy as top risks to markets By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SOME three-fifths of risk managers around the world believe the chances of a high-impact event in the global financial system
    Source: DTCC  -  466 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Obama optimistic about climate change efforts
      865 2 He also pledges support to island nations whose existence is threatened by climate change WP Paris US PRESIDENT Obama declared himself hopeful about the prospects of slowing climate change on Tuesday, even as he acknowledged that the actions emerging from the United Nations climate
      WP; PHOTO: REUTERS  -  865 words
    • Article
      Lock icon Singapore to spend more than S$1b on 99 new trains
      485 2  -  This investment will raise rail reliability, says Transport Minister By Angela Tan angelat@sph.com.sg Singapore SINGAPORE will spend more than S$1 billion upfront to buy 99 new trains in what Transport Minister Khaw Boon Wan described on Wednesday as a “worthy”
      485 words
    • Article, Illustration
      Lock icon Air Asia fends off talk that disgruntled pilots caused flight chaos and cancellations
      460 2 CEO blames flu epidemic among pilots and teething problems with new rostering system AFP Kuala Lumpur MALAYSIA-BASED budget carrier AirAsia on Wednesday sought to quash speculation that a wave of pilots calling in sick which stranded hundreds
      AFP; PHOTO: AFP  -  460 words
    • Article
      Lock icon Kong Hee and five others file notices of apeal
      371 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CITY Harvest Church (CHC) founder Kong Hee and five others have filed their notices of appeal against both conviction and sentences after being found guilty of misusing church funds to the tune of millions of
      371 words
    • Article, Illustration
      Lock icon Symantec opens new security centre
      490 5  -  S’pore facility will double its cyber security service expertise in the region By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IN a boost to Singapore’s efforts to beef up online security and become a cyber security hub, Symantec Corp on Wednesday inaugurated a new dedicated Security
      490 words
    • Article, Illustration
      Lock icon Digital content creation hub to be at JTC building in one-north
      538 5  -  Media specialists will run the training programmes, and tech-firm partners will contribute in various areas By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore CREATORS’ Space, which will have the facilities and tools for media companies and professionals to hone their
      FILE PHOTO  -  538 words
    • Article, Illustration
      Lock icon Singapore must continue to build more inclusive society, says PM Lee
      509 6  -  He says at opening of Enabling Village that work will start soon on the next Enabling Masterplan By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE call went out on Wednesday for Singapore to build a more inclusive society that values
      PHOTO: NEO XIAOBIN / THE STRAITS TIMES  -  509 words
    • Article, Illustration
      Lock icon Zuckerberg raises philanthropic bar to 99%
      325 6  -  REUTERS BREAKINGVIEWS By Rob Cox MARK Zuckerberg built Facebook into a US$300 billion technology powerhouse by adopting the disruptive mantra, “Move fast and break things”. Though it made him some enemies of a couple of preppy twins and led to some early mistakes, it
      325 words
    • Article, Illustration
      Lock icon Facebook’s Zuckerberg pledges to give 99% of shares to charity
      1161 6 A new organisation, the Chan Zuckerberg Initiative, will manage the money NYT San Francisco MARK Zuckerberg, the co-founder and chief executive of Facebook, announced on Tuesday that he and his wife would give 99 per cent of their Facebook shares
      NYT; PHOTO: REUTERS  -  1,161 words
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      528 4 CONGRATULATIONS TO THE RECIPIENTS OF THE ASIA TOP OUTSTANDING ENTERPRISE 2015 TOP 25 PRESTIGE AWARD 2015 ASIA EXCELLENCE AWARD 2015 1 9 2015 If H ASIA TOP OUTSTANDING ENTERPRISE 2015 (TITANIUM CATEGORY) PEAKMORE INTERNATIONAL PTE LTD (SPONSORSHIP CATEGORY) I ENTREPRENEURS PROGRAM PTE LTD (GOLD PLA TINUM CA TEGORY) QING FENG
      528 words
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      327 5 At Aviva Investors, we believe it’s time to think differently. That’s why our entire organisation is united behind one common goal to deliver the specific outcomes that matter most to today’s investor. By harnessing the exceptional breadth and depth of our global resources, we cut a path through complexity to
      327 words
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      Lock icon Page 6 Advertisements Column 1
      78 6 Out on Dec 4 BTLuxe Christmas 2015 IN A TUSCAN TRADITION Il Borro, jewel in the crown of the Ferragamos’ agro-leisure business, is a bona fide farm estate that also happens to be a luxury resort BORRO IL PHOTO: Read this story in BTLuxe’s Heritage Issue featuring business innovators who
      78 words
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  • URBANISING ASIA
    • Article, Illustration
      Lock icon Developing China’s heartlands
      797 7  -  As China’s first-tier cities mature, Singapore companies are looking to develop the infrastructure of its smaller cities. BY FRANCIS KAN WHILE large metropolises such as Shanghai and Beijing have often been seen as the engines of China’s economic growth over the last few decades, the country’s future
      FILE PHOTO  -  797 words
    • Article
      Lock icon Frontier projects
      183 7 HERE are two projects being developed by Singapore companies in China’s smaller cities. IGuilin Waste-to-energy plant On 15 July 2015, Keppel Infrastructure subsidiary Keppel Seghers secured a contract to provide technology packages and services to a waste-to-energy (WTE) plant in Guilin, China. Awarded by Shenzhen Energy Environment Engineering
      183 words
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      Lock icon Page 7 Advertisements Column 1
      204 7 ascendas SlNCBRIDCE vr, ssim ilSfssj 5* -r. 7: 7 ~A "i 7 k Sinqapore-Sichuan Hi-Tech Innovation Park China jMm p*sr r- me Sino-Singapore Jilin Food Zone, 3^3! -v.^r* 7 5mo-5ingapore Guangzhou Knowledge City, China Raffles City Chongqing China A LEADER IN SUSTAINABLE URBAN DEVELOPMENTS Ascendas-Singbridge is one of Asia’s Leading
      204 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Peter Lim speeds things up at Rowsley
      606 8  -  Source says billionaire is impatient with slow pace at which company is transforming into big property player By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE tycoon Peter Lim is shaking things up at Rowsley, with a revamped board to boot, in an attempt to
      606 words
    • Article, Illustration
      Lock icon CapitaLand eyeing more projects in Vietnam
      759 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AMID strong recovery in the Vietnamese property market, CapitaLand Limited is exploring mixed developments and office assets in Vietnam over the next few years. CapitaLand Vietnam CEO Chen Lian Pang said the group hopes some of these opportunities
      759 words
    • CORPORATE DIGEST
      • Article
        Lock icon KS Energy
        56 8 KS ENERGY’S 80 per cent-owned drilling unit has clinched a US$4.1 million contract for the KS Discoverer 3 land drilling rig. The Pakistan project is expected to begin in January 2016, but is not expected to have any material impact on earnings per share or net tangible assets
        56 words
      • Article
        Lock icon iFAST Corp
        72 8 iFAST Corp has received approval from the Securities and Futures Commission of Hong Kong to buy stockbroking firm Winfield Securities. iFAST, which operates online mutual-fund retail platform Fundsupermart.com, announced in June that it would buy Winfield for about HK$14.7 million (S$2.67 million), comprising HK$4.7 million and Winfield’s net
        72 words
      • Article
        Lock icon GCCP Resources
        71 8 LIMESTONE miner GCCP Resources said on Wednesday that vendor Ujiteknik Geoenviro has dropped a RM321,368 (S$107,025) lawsuit against subsidiary Gridland, and that there will be no further legal proceedings on that dispute. Gridland has also withdrawn its counterclaim for RM162 million related to the same dispute. Gridland had
        71 words
    • MARKET VIEWS
      • Article
        Lock icon Overweight equities in 2016, says UBS
        464 9 Its strategists expect “modest acceleration” ahead in global growth and is also upbeat on the eurozone Singapore UBS strategists expect a “modest acceleration’’ in global growth in 2016, and maintain an overweight stance in equities and credit. It is also bullish on the eurozone.
        464 words
      • Article, Illustration
        Lock icon RHB, OCBC say stocks looking attractive
        502 9  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS outlook reports on 2016 roll out, two local brokers are calling investors to opportunities in the Singapore market, saying valuations are getting attractive. In a Dec 1 report, RHB Research upgraded the Singapore stock market to “overweight”
        Source: Bloomberg  -  502 words
      • Article, Illustration
        Lock icon Industrial Reits offer best shelter in downcycle: Maybank KE
        648 9  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore RESEARCH house Maybank Kim Eng is advocating that Singapore real estate investment trust (S-Reit) investors hide in industrial Reits to ride out the downcycle, for two reasons. One, the oversupply situation is least overwhelming in
        Source: CBRE, URA, Maybank KE  -  648 words
    • Article, Illustration
      Lock icon STI manages second consecutive rise
      700 10  -  Hopes of China, ECB easing help push stocks higher; volume amounts to 945.3m units worth S$1.06b TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT FROM the yuan to central bank policy after Tuesday’s play that came after the inclusion of the Chinese currency in the International Monetary
      Source: Bloomberg  -  700 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 -2 245/241 271 213 6 6128.1 CapitaLand 318 +6 320/316 379 267 11.6 2.8 *****.9 CapitaMall Trust 195.5 -0.5 203/195.5 228 184.5 5.5 6794.2 CityDev 720 -8 736/716 1095 716 8.7
      305 words
    • Article
      Lock icon MOST ACTIVE
      39 10 VOLUME Alliance Mineral 45,487,800 Memstar Tech 27,707,800 Loyz Energy 27,450,600 HPH Trust USD 26,556,200 Global Logistic 23,453,400 Market volume 1,095,978,000 VALUE HongkongLand USD 68,884,483 Singtel 67,165,998 OCBC Bank 59,656,808 DBS Grp 54,975,940 UOB 54,138,649 Market value 1,068,636,000
      39 words
    • Article
      Lock icon SGX ETFs
      111 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 294 +1 122 296/293 355/280 293/294 IS MS INDIA US$ US668 60 670/666 1000/648 668/671 83.5 DBXT MSPAKIS US$ US175 -7 41 175.8/175 218.4/175 177.7/178.5 8.6 UETF SSE50China 243 +11 34 245/240 340/185 240/245
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Dec 2 VALUE CLOSE BT OB/OS -180.00 +160.00 BT CADI -*****.00 +18.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 678.67 +1.23 FTSE ST Small Cap 407.20 +2.06 FTSE ST All Share 697.86 +2.98 FTSE ST China Top 172.47 +0.69 FTSE ST China 208.75 +1.44 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index Dec 2,2015 697.86 +2.98 (+0.43%) Current streak 2 days Day high 701.38 Day low 697.46 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index Dec 1,2015 1,753.86 +12.85 (+0.74%) Current streak 1 day Day high 1,759.60 Day low 1,741.39 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 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 3 1 0 0 6 5 3 Manufacturing 34 47 34 11 4 11 45 51 45 Commerce 18 16 17 1 6 2 19 22 19 Tpt/Stor/Comms 13 15 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,753 12,394 35,147 84,625 4,221 88,846 Manufacturing 107,130 52,601 159,731 86,084 3,055 89,138 Commerce 58,568 53,624 112,192 116,875 3,772 120,647 Tpt/Stor/Comms 93,220 3,197 96,417 149,175 279 149,454 Finance 17,915 39 17,954 178,976 5 178,981 Construction
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    • Article
      Lock icon GAINERS
      74 10 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 212.6 1.3 *****/***** Jardine C&C 3380 162.0 5.0 4269.7/2636 SPDR DJIA US$ ***** 146.4 0.6 *****/***** DBXT E50 US$ 4797 83.1 1.2 5300/4350 DBXT MSINDO us$ 1153 47.9 3.0 1492/911 BY PERCENTAGE CLOSE UP 52w high/low Elektromotive 0.4 100.0
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    • Article
      Lock icon LOSERS
      72 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -35.2 -0.2 *****/***** DBXT S&PShort US$ 2086 -21.1 -0.7 2393/2086 Lafe 103 -18.0 -14.9 250/91 Citic Envirotech 155.5 -10.0 -6.0 183.5/135 DBXT MSPAKIS US$ 175 -9.9 -3.8 218.4/175 BY PERCENTAGE CLOSE DOWN 52w high/low SembMar MBeCW16 1.8 -28.0 -0.7 9.2/1.8
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 10 VOL CLOSE($) CHANGE ES 5.0 0.120 +0.020 +20.00 SunMoonFood 12,085.8 0.059 +0.010 +20.41 Teho Intl 17.5 0.104 -0.035 -25.18 Eucon 2,272.0 0.021 +0.003 +16.67 Alliance Mineral 45,487.8 0.147 +0.019 +14.84 BH Global 115.0 0.081 -0.011 -11.96 Enviro-Hub 3,475.2 0.089 +0.006 +7.23 Terratech 1,506.0 0.035 +0.002 +6.06 Singapore O&G
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    • Article
      Lock icon BROKERS’ TAKE
      481 10  -  Compiled by Kenneth Lim Sembcorp Marine Sell Dec 2 close: S$1.97 Target price: S$1.75 Maybank Kim Eng Research, Dec 2 Q4 FY15 is not yet over, but Sembcorp Marine is already sure that it will make a loss. Other than weaker revenue recognition, we suspect that it may
      481 words
    • Article
      Lock icon CALENDAR
      10 10 DATA I 9.30pm (Dec 3) US Initial Jobless Claims
      10 words
    • Article
      Lock icon Won nears 2-week low on foreign stock selling
      390 11 CURRENCIES REUTERS Singapore SOUTH Korea’s won skidded to a near two-week low on Wednesday as foreign investors dumped stocks, leading losses among emerging Asian currencies as the US dollar edged back towards 8-1/2-month highs. The won lost as much as 0.6 per
      REUTERS  -  390 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Dec 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.978 4.683 0.689 5.672 48.719 100.984 0.901 8.509 3.094 1.097 77.192 34.481 1.031 10.531 0.751 23.983 26.208 0.485 0.732 Canada 1.023 4.789
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        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Dec 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0302 1.0312 0.7316 0.7321 Canadian dollar 1.0537 1.0543 0.7485 0.7483 Euro 1.4960 1.4971 1.0624 1.0628 NZ dollar 0.9388 0.9398 0.6667 0.6672 Sterling pound 2.1226 2.1236 1.5074 1.5076
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Dec 2 S$ Bid Offer 1-month 1.4093 1.4101 2-months 1.4106 1.4114 3-months 1.4120 1.4128 6-months 1.4149 1.4158 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 11 Most active Dec 2 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 2.8 -0.1 8675 1 18 10 DBS MB eCW*****4 6.5 0.1 7591 0.1 1880 4 STI 3100 MB eCW*****9 3.4 0.1 5120 0.0 2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 11 In local curr In S$ In US$ dy yr dy yr dy yr Dec 1 Index Change Change Change Change Change Change World Preliminary 1314.0 0.5 3.0 0.6 6.0 0.6 -0.3 EAFE Preliminary 1047.4 0.5 6.1 0.7 5.0 0.7 -1.2 Europe Preliminary 1467.3 -0.1 6.2
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 11 Dec 2 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.50 *****.00 *****.00 *****.50 *****4 *****1 Jan16 *****.00 *****.50 *****.00 *****.50 3435 1256 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****4 Mar16 *****.00 *****.00 *****.00 *****.00 1159 4655 MSCI TAIWAN
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    • BANK RATES
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        Lock icon INTERBANK RATES
        154 11 Dec 2 $S Offer Bid 0vernight 0.25 0.15 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.0625 0.9375 Overnight mode: 0.50 US$ 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 11 Dec 2 Dec 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.39 100.43 100.42 5-Year N*****0S 2.000 01-Jul-20 100.2 10-Year NX*****Z 2.375 01-Jun-25 99.11 99.45 99.15 15-Year NZ*****F 2.875 01-Sep-30 101.35 20-Year NZ*****V 3.375 01-Sep-33 107.77 108.25 108.15
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 11 Dec-1 Price Net change change Last Trade Agricultural Dec-1 CBOT Soybeans (US cents/bu) 889.25 8.25 0.94% 14/01/2016 CBOT Soybean Oil (US cents/lb) 29.78 0.68 2.34% 14/12/2015 CBOT Wheat (US cents/bu) 456.50 -3.50 -0.76% 14/12/2015 Dec-1 LIFFE Cocoa (£/tonne) 2251.00 -10.00 -0.44% 14/12/2015 LIFFE Coffee (US$/tonne) 1481.00 0.00 0.00%
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      • Article
        Lock icon PALM OIL
        53 11 Dec 2 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2140.0 2910 Jan 16 2275.0 2256.0 2275.0 2240.0 1390 ***** Feb 16 2353.0 2331.0 2355.0 2317.0 ***** ***** Mar 16 2400.0 2386.0 2400.0 2368.0 5945 *****
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    • Article
      Lock icon Fitness company Peloton raising US$75m from private equity firm
      332 12 BLOOMBERG New York INDOOR cycling fitness company Peloton Interactive Inc is raising US$75 million by selling a stake to Catterton, a private equity firm focused on consumer businesses. Peloton’s management plans to use the proceeds to accelerate the roll-out across the
      BLOOMBERG  -  332 words
    • Article, Illustration
      Lock icon Mainboard aspirant BHG Retail Reit to focus on growth story
      810 12  -  Undeterred by criticism of its low yields, Reit says growth will come from its 12 pipeline malls niche positioning By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BHG Retail Reit cleared the air on its comparatively low distribution yields on Wednesday, the
      Source: BHG Retail Reit; PHOTO: LAURA NG  -  810 words
    • Article
      Lock icon PPL begins action against Marco Polo in High Court
      605 12  -  Marco Polo, guarantor of disputed US$214.3m contract, says no basis for legal action in Singapore courts By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SAYING that Marco Polo Marine should fulfil its obligations as guarantor of a US$214.3 million rig-building contract that has
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    • Article
      Lock icon SGX MAINBOARD
      1857 13 Transaction date: Dec 2 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom Last Sale AAT vol ('000) 124 80 AEI Day Low Div C'vr 153 131.5 AIMSAMP Cap Reit Net 175.5 118 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      359 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol 4 2.2 t Acesian Partners High Day Low Div 25 4.5 t Alliance Mineral 14.7 +1.9 ***** 15.4 12.8 57.9 GrYld Net 15.5 5 t AsiaMedic MCap
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    • Article
      Lock icon SGX ETF
      97 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2750 DBXT China50 US$ US3045 +9 10 3045 3041 8.4 135.3 106.2 DBXT MS SING US$ US108.9 +1.4 0 108.9 108.9 5.4 Day 1750 1151 DBXT
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      252 8 IMPROVE YOUR GAME WITH THE BUSINESS TIMES businesstimes.com.sg X Master the business landscape with The Business Times. Subscribe to The Business Times All-in-One package and choose between the TomTom Golfer GPS Watch or the Samsung Galaxy Tab S2 (9.7") 4G+. Receive the TomTom Golfer GPS Watch worth $429 Top up
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      37 8 Gather your co-workers and #CelebratewithSTJobs Tis 1 Christmas! With great food and drinks, it's the season to bond with your colleagues and thank your buddies at work. Join us at www.STJobs.sg/Xmas2015 now! STJOBS *Terms and conditions apply.
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      25 9 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
      25 words
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      Lock icon Page 9 Advertisements Column 2
      73 9 Solar Energy Investment With expansion of solar energy developments in Singapore, the ever essential support services in maintenance and solar equipments are required. Solar Factory Outlet Pte Ltd, the largest solar retailer in Singapore and a start-up company, is poised to provide support services, such as system maintenance and spare
      73 words
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      218 9 FUTURE i I t I I I i li i f S CHINA ADVANCED LEADERS PROGRAMME EMPOWERING FUTURE LEADERS WITH CHINA-READY SKILLS “This course is a must for entry level or veterans in China business. It provides the up-to-date version of Chinese thinking, economic, political challenges, and the knowledge of
      218 words
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      1404 12 NOTICES EZRA HOLDINGS LIMITED (Company Registration No. *****1411N) (Incorporated in the Republic of Singapore) (“Ezra”) Notices of Results of Meeting (A) Notice to Holders of Series 003 Notes Notice to holders (the “Noteholders”) of the outstanding S$150,000,000 4.875 Per Cent. Notes Due 2018 comprised in Series 003 (ISIN: SG55F*****18) (the
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      169 12 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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      Lock icon Page 12 Advertisements Column 3
      95 12 NOTICE SC GLOBAL SC GLOBAL PTE LTD is the registered proprietor in Singapore of the trademark shown above. Members of the public are notified that SC GLOBAL PTE LTD will take appropriate action against any party who makes unauthorized use of its name, incorporates its registered trademark into a company
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      71 13 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Building smart cities should not involve just the government, policymakers
      1054 14  -  Other players have a role. Meanwhile, the lack of a viable business model and lagging regulations impede the process: panellists By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BUILDING a smart city is not just the job of a city’s government and
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    • Article
      Lock icon Frasers sells A$229m worth of homes in Sydney
      203 14 Singapore FRASERS Centrepoint said on Wednesday that the company and its joint venture partners had sold over A$229 million (S$236 million) worth of residential units at Duo in Sydney during the launch in Australia last week. The one-bedroom suites were offered from
      203 words
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      Lock icon Indonesia changes rules on luxury tax for property
      272 14 REUTERS Jakarta INDONESIA has changed the way it applies luxury tax to certain apartments and houses by basing it on value instead of size, in a move that may clear up uncertainty plaguing the property sector. A house with a sale price
      REUTERS  -  272 words
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      Lock icon Making a case for greater professionalism in agency business
      950 15  -  New book seeks to shed greater light on the duties of a real estate agency and how agents can avoid conflicts of interest and role ambiguity By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GIVEN the complexity of real estate transactions, the role
      950 words
    • Article
      Lock icon As Brazil’s consumers stay home, a mall operator goes shopping
      480 15 BLOOMBERG Sao Paulo MALL operator Gazit-Globe, undeterred by the decline in Brazil’s consumer demand, is going shopping. The Brazilian unit of the Israeli real estate company said on Tuesday that it has bought a 4.3 per cent stake in Shopping
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      Lock icon BOE might move on buy-to-let market
      308 15 REUTERS London THE Bank of England (BOE) might take action after a sharp increase in the number of properties acquired by investors with the intention of renting them out, a top policymaker at the central bank said on Wednesday. “Buy-to-let has grown faster than
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      Lock icon Sydney November home prices drop the most since 2010
      537 16 Regulatory crackdown forcing banks to tighten lending and increase mortgage rates BLOOMBERG Sydney HOME prices in Sydney fell the most in five years in November as a regulatory crackdown forces banks to tighten lending and increase mortgage rates. Dwelling values in
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    • Article
      Lock icon Househunt
      1331 16 Property transactions for districts 1 to 28 with contract dates between Oct 21 and Oct 27,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 22/10/2015 99 1055 3550 3365 The Clift Apt 22/10/2015 99
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      Lock icon Saudi Arabia plans to build world’s tallest skyscraper
      425 16 1km, 200-storey high tower in Red Sea port of Jiddah to be completed in 2020 WP Washington DUBAI’S superlative-loving rulers are on notice: Saudi Arabia seems to be getting serious about stealing your crowning glory. State-linked development companies in the Red Sea
      WP  -  425 words
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      188 14 EDUCATION ASSET WITH GROWTH POTENTIAL RARE INVESTMENT OPPORTUNITY Tenure: Leasehold 103 years r i i biriixsiim Sill SB Si Site Area: approx. 7,568.8 sqm (81,471 sqft) Existing GFA: approx. 4,343.4 sqm (46,752 sqft) Approved for school use on permanent basis Excellent site layout with frontage on three sides Easy access
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      82 14 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. mi YEARS smatSG'c jg W: www.smats.net
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      99 15 Hong Fok Group FOR SALE BY TENDER JALAN BESAR PLAZA Huttons E realestategroup Huttons Asia Pte Ltd Licence no. L *****99K (NE8) PARKROYAL ON KITCHENER ROAD MUSIAFA JALAN BESAR PLAZA Freehold Commercial Residential Site approx. 45 om from Jalan Besar MRT (U/C) Site Area: 53,043 sq ft Plot Ratio: 3.0
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      329 15 Gold Coast,Australia 24hr room service, concierge and valet parking from Asia’s largest luxury hotel group Beachfront restaurant precinct from alfresco cafes to fine dining Residents lounge, bar, meeting rooms and cinema, gymnasiums, lagoon size swimming pool, indoor and outdoor lap pools, Day Spa and wellbeing treatments Large 1, 2 and
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  • BANKING & FINANCE
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      Lock icon US judge imposes daily fine of US$50,000 against Bank of China
      504 17 Bank is being held in contempt for not turning over account information of customers accused of selling fake goods REUTERS New York A US judge will impose a daily fine of US$50,000 against Bank of China Ltd (BOC) starting
      REUTERS; PHOTO: REUTERS  -  504 words
    • Article
      Lock icon China removes caps on onshore bonds
      367 17 REUTERS Shanghai CHINA’S top economic planning agency has removed limits on the number of onshore bonds local companies can issue per year as part of wider moves to cut red tape in the country’s corporate bond market. The National Development and Reform Commission’s (NDRC)
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      Lock icon Brazil’s BTG loses investment grade rating
      697 17 REUTERS Sao Paulo MOODY’S Investors Service stripped Brazil’s troubled Banco BTG Pactual SA of its investment-grade rating on Tuesday as confidence in the investment bank’s future and its bonds slumped following the arrest of its founder André Esteves in a corruption probe. Moody’s downgraded
      REUTERS  -  697 words
    • Article
      Lock icon Accommodation policy cheers rupee bond bulls in India
      673 17 BLOOMBERG Mumbai RESERVE Bank of India governor Raghuram Rajan gave Indian bond bulls confidence to forecast an end to a two-month jump in yields. Even as he left benchmark interest rates unchanged on Tuesday, Mr Rajan said inflation risks are to the
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      Lock icon Citigroup said to maintain bonus pool for traders, bankers
      504 17 BLOOMBERG New York CITIGROUP Inc, the third biggest US bank, plans to leave its bonus pool unchanged from 2014, joining JPMorgan Chase Co in a move that puts pressure on their weakened rivals in Europe, according to a person briefed on
      BLOOMBERG  -  504 words
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      660 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DIAMANT INVESTMENT PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****3948E At an Extraordinary General Meeting of DIAMANT INVESTMENT PTE. LTD. held on 27th November 2015, the Resolutions set out below were duly passed: IT
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  • ENERGY & COMMODITIES
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      Lock icon Cheap oil a bugbear for the ECB
      700 18 Current prices are pushing inflation lower than it would like and fuelling concerns about the threat of deflation AFP Frankfurt FALLING oil prices can be both a boon and bane for the global economy, but for the European Central Bank they are now
      AFP  -  700 words
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      Lock icon America’s biggest gas field hit hard by downturn
      818 18 REUTERS Williamsport, Pennsylvania THE drilling rigs are gone from the hills surrounding this Pennsylvania town of 30,000. The hotels and bars are quieter too, no longer packed with the workers who flocked in their thousands to America’s newest and biggest gas field.
      REUTERS; PHOTO: BLOOMBERG  -  818 words
    • Article
      Lock icon Cocoa is year’s best-performing commodity
      290 18 BLOOMBERG London COCOA is prevailing as this year’s best- performing commodity after deliveries of the beans from Ivory Coast, the world’s largest producer, tumbled to a five-year low. Arrivals at ports fell to 45,000 tonnes in the week ended Nov 29, down 18 per cent
      BLOOMBERG  -  290 words
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      Lock icon Sinopec to lease oil terminal in US Virgin Islands
      536 18 It will lease 10m barrels of the St Croix facility’s initial 13m-barrel capacity BLOOMBERG Houston IN a world awash in oil, Asia’s biggest oil refiner just locked down more places to store it. China Petroleum Chemical Corp, known as Sinopec, agreed
      BLOOMBERG  -  536 words
  • Page 18 Advertisements
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      227 18 TT5 I ilii u L. i nil Axor Citterio E The Essence of Luxury Designed by Antonio Citterio, this collection exudes elegance, high quality and worth. It is a charming combination of modern and classical features elegant and timeless products of the highest quality that not only enhance the bathroom
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      973 19 83 OF THE BEST IN INTERIOR DESIGN IN SINGAPORE AND ASIA PACIFIC ACCORDED THE INDUSTRY’S HIGHEST ACCOLADE AT THE DESIGN EXCELLENCE AWARDS 2015 INTERIOR DESIGN SPADE IDEA AWARDS DESIGN EXCELLENCE AWARDS 2015 fit t h. This year’s Design Excellence Awards (DEA) 2015 Singapore came to an official close on 21
      973 words
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  • TECHNOLOGY
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      Lock icon Yahoo to discuss selling core business: sources
      792 20 Directors will also discuss whether to proceed with spinoff of Alibaba stake NYT San Francisco THE board of Yahoo will discuss potentially selling off the beleaguered Internet company’s core business during a series of meetings this week, people briefed on the plans said
      NYT; PHOTOS: REUTERS, AFP  -  792 words
    • Article
      Lock icon China blamed for major cyber-attack on Aussie govt: ABC
      377 20 REUTERS Sydney A MAJOR cyber-attack against Australia’s Bureau of Meteorology that may have compromised potentially sensitive national security information is being blamed on China, the Australian Broadcasting Corporation (ABC) reported on Wednesday. The Bureau of Meteorology owns one of Australia’s largest
      REUTERS  -  377 words
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      Lock icon VTech hack accessed profiles of 6 million kids
      426 20 BLOOMBERG Hong Kong HACKERS who infiltrated VTech Holdings Ltd’s online services last month gained access to the profiles of more than 6 million children worldwide, the Hong Kong-based company said on Wednesday. Almost half of the 4.9 million parent accounts that were
      BLOOMBERG; PHOTO: REUTERS  -  426 words
    • Article
      Lock icon Google Cultural Institute now puts us all onstage
      903 20 NYT New York STAND, virtually, on the stage of the Palais Garnier, among the dancers of the Paris Opera Ballet. Use your mouse to manipulate a 360-degree video that allows you to see them from many angles as they perform Benjamin Millepied’s
      NYT  -  903 words
  • Page 20 Advertisements
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      89 20 SHAPE DEC ISSUE OUT NOW! CHRISTMAS GIFT GUIDE juice cleanses W A ii \m;o\ i ks N DEO Chendol, ke kacang, kueh tutu... time R CLEARER F U L SHOCKING FACTS ABOUT YOUR FAVOURITE DESSERTS I FAVOURITE DESS El C H MAS RIST Kill .Mill. \oi itu vs I nil
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  • CONSUMER
    • Article
      Lock icon Bra maker builds fortune on Victoria’s Secret
      635 21 The brand’s supplier Regina Miracle has surged 71% since its October initial public offering BLOOMBERG Hong Kong HUNG Yau Lit, chairman of the world’s biggest bra-maker, can thank Victoria’s Secret for his newly minted fortune. Mr Hung’s fortune rose to US$1.1 billion as
      BLOOMBERG  -  635 words
    • Article
      Lock icon China curb on illicit money flows hurt Macau casino revenue
      528 21 BLOOMBERG Hong Kong MACAU’S casino revenue fell for the 18th straight month in November, as China’s moves to curb illicit money flows from the mainland deterred the high-stakes players who rely on junket promoters for betting loans. Gross gaming revenue
      BLOOMBERG  -  528 words
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      Lock icon NYC restaurant chains must post high-sodium warnings
      915 21 But National Restaurant Association says it plans to sue to block the rule BLOOMBERG New York NEW York City is facing an imminent challenge to a new rule requiring restaurant chains to post warnings on dishes with high amounts of salt, the latest
      BLOOMBERG; PHOTO: REUTERS  -  915 words
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      Lock icon Streaming services face new test with Coldplay
      754 21 BLOOMBERG Los Angeles FIRST Taylor Swift kept 1989 off free music streaming services and scored the best weekly album sales in more than a decade. Then Adele spurned Spotify and Apple Music with her new 25 and did one better: She shattered the
      BLOOMBERG  -  754 words
  • Page 21 Advertisements
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      37 21 NATION BUILDER Former minister and ex-Temasek chairman S. Dhanabalan on SINDA and the Indian community Kerala NRI spends Rs50 crores on daughter’s wedding GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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      Lock icon Page 21 Advertisements Column 2
      78 21 cc Too many still prefer lesser-educated wives because they believe such wives are more manageable. I suggest this is short-sighted because intellectual companionship will be missing in their lives and their children will need more private tutors to make up for their grades in school.” Speaking at the Tanjong Pagar
      78 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon S-E Asia needs to do more to open markets: study
      827 22 A lack of progress by Asean to harmonise trade and investment rules leaves the car industry with little to show after a decade of trade liberalisation REUTERS Beijing DESPITE numerous pledges and years of effort to transform South-east Asia into
      REUTERS  -  827 words
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      Lock icon Japan corporate capital spending in Q3 up 11.2%
      557 22  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S economy may not, after all, have fallen into a recession in the third quarter of this year, according to official data that showed a sharp increase in corporate capital spending a major component of gross domestic
      PHOTO: REUTERS  -  557 words
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      Lock icon Torrential rains inundate Tamil Nadu
      597 22 Thousands leave their homes, airlines suspend flights into flooded airport REUTERS Chennai THE heaviest rainfall in over a century has caused massive flooding across the southern Indian state of Tamil Nadu, driving thousands from their homes, shutting car factories and paralysing the airport in the
      REUTERS; PHOTO: REUTERS  -  597 words
    • Article
      Lock icon Richest 10% produce 50% of world’s emissions: report
      398 22 CLIMATE CHANGE AFP Le Bourget, France THE richest 10 per cent of people produce half of Earth’s climate-harming fossil-fuel emissions, while the poorest half contribute a mere 10 per cent, British charity Oxfam said in a study released on Wednesday. Oxfam published
      AFP  -  398 words
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      Lock icon China says it will cut power sector pollution by 60% by 2020
      297 22 REUTERS Beijing CHINA will reduce emissions of major pollutants in the power sector by 60 per cent by 2020, the cabinet announced on Wednesday, after world leaders met in Paris to address climate change. China will also reduce
      REUTERS  -  297 words
  • Page 22 Advertisements
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      43 22 HOT PROPERTY WCEGA TOWER BT Batok #18 unblock 1916sqft New fitted office/AC $4.5k Free parking 54 MAUDE RD #02-07, Town-shend Bldg. 443 sf. 1st Jan. $1600. Owner OFFICE SPACE FOR RENT Check out these properties and more in The Straits Times Classified now!
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  • Article
    Lock icon SHIPPING TIMES
    781 23 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul
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      196 23 PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 urgently needed by shippers den they find your services Here in the Shipping Times? ADVE RTIS S PING TIMES Announce Your Corporate Developments Come publicise your Corporate Developments, Corporate Image, Company Anniversary, Award Wins Certifications,
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  • OPINION
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      Lock icon With uncertainty, investors should brace themselves for a volatile 2016
      586 24 EDITORIAL On Thursday, the European Central Bank (ECB) is widely expected to announce more monetary stimulus at its policy meeting. This follows after repeated hints last month from its president Mario Draghi that the bank which is still only halfway
      586 words
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      Lock icon China’s rhetoric doesn’t match its power projection
      796 24  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 AFTER decades of priding itself on not having a single Chinese soldier on foreign soil (except for those serving on UN peacekeeping
      796 words
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      Lock icon How SGX tailors its operations for S’pore
      1421 24  -  It pushes for stronger public enforcement in disclosure and corporate governance and favours the putting out of low-volume but high-value information for retail investors. BY TAN BOON GIN investors.BY TAN BOON GIN T The author is the chief regulatory officer of Singapore Exchange.
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    • Article
      Lock icon Why this year’s climate talks matter more than ever
      997 25  -  COMMENTARY By Tham Sai Choy T The writer is managing partner, KPMG, in Singapore and chairman of KPMG’s Asia-Pacific region. The views expressed in the article are his own THE 21 st session of the Conference of the Parties (COP) to
      997 words
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      Lock icon NOW’S THE TIME TO FORMULATE AN RMB STRATEGY
      784 25  -  Expect significant inflows into renminbi, now that it is a global reserve currency here. BY JUKKA PIHLMAN here.BY JUKKA PIHLMAN T The author is managing director and head of central banks and sovereign wealth funds in Standard Chartered Bank. He previously worked
      PHOTO: REUTERS  -  784 words
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      Lock icon Penalising eurozone banks that hoard cash may help
      459 25  -  REUTERS BREAKINGVIEWS •••I*,*;* By Swaha Patnaik TARGETED bank-bashing could be the answer to Mario Draghi’s conundrum. In order to maximise the impact of his plan to ease monetary policy, the European Central Bank president needs to make a big splash in financial
      PHOTO: REUTERS  -  459 words
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  • LIFE & CULTURE
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      Lock icon Tired Djokovic pulls out from IPTL
      525 26  -  OUE Singapore Slammers loses its biggest star, but will now get Andy Murray and Stan Wawrinka By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE world’s top-ranked tennis player, Novak Djokovic, will not be coming to Singapore to play in the Coca-Cola International Premier Tennis League
      PHOTO: REUTERS  -  525 words
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      Lock icon Tarantino on a mission to save cinema
      1358 26 WP Washington QUENTIN Tarantino wants you to know that the only way to fully appreciate his new movie is to see it under a combination of conditions that hasn’t been used in nearly 50 years. Anything less and you are not truly a
      WP; PHOTO: AFP  -  1,358 words
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      Lock icon 20th century Italian art hits boom time but public doesn’t know
      972 26 BLOOMBERG New York WHEN a work by Lucio Fontana sold at Christie’s New York last month for US$29.2 million, it was the highest price that the artist had ever achieved at auction. The giant, canary-yellow canvas was the latest
      BLOOMBERG; PHOTO: AFP  -  972 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      317 26 CRYPTIC CROSSWORD Across 1A listening device brought into school in sling (8) 5 Fleet member with palindromic name (6) 10 They had significant effect, benefiting Kingsley’s Tom? (8,7) 11 Seaman, unaccompanied, finds shellfish (7) 12 Finished ride in storm (7) 13 Cheerful working in coastal resort (8) 15 Band receiving
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