The Business Times, 9 December 2015

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Total Pages: 32
1 32 The Business Times
  • 35 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 U D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Wednesday, December 9,2015
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  • 149 1 China trade continued to shrink in November but imports showed some sign of improvement, Customs figures show.TOP STORIES 4 Singapore has been ranked sixth on a list of global economies that entrepreneurs consider to present the best opportunity for starting and running a successful business.TOP STORIES 5 Malaysian
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  • 1024 1  -  Fintech companies are disrupting traditional financing and banks are eager not to be left behind, which is why tie-ups are on the rise By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BANKS and financial-technology companies (fintechs) may snuggle up in the years ahead,
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  • 1311 1  -  Investigating panel finds deviations from standard procedures in intravenous protocols By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore LAPSES in infection prevention and control practices played a key role in causing the hepatitis C (hep C) outbreak in the renal ward of
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  • 28 1 MARKETS Tuesday Change STI 2,876.03 -24.89 KL COMP 1,669.24 -2.76 NIKKEI 225 19,492.60 -205.55 HANG SENG 21,905.13 -298.09 SHENZHEN B 1,249.88 -6.66 DOW (10:45 EST) 17,582.36 -148.15
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  • Page 1 Advertisements
    • 17 1 8 "*****1 *****4 LEADING THE CHARGE Trailblazer and new Finance Minister Heng Swee Keat TOP STORIES 2
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    • 20 1 CUSTOMER SATISFACTION INDEX Patrons happier with F&B sector SPECIAL REPORT/ 12-13 COST OF CARBON FOOTPRINTS Decarbonising portfolios EXECUTIVE MONEY 30
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    • 130 1 VIETNAM PROPERTY BUZZ S’pore developers gun for bigger slice of Vietnam pie REAL ESTATE 14 ALL PHOTOGRAPHS SHOT ON LOCATION 2 f i i i i < 4 f if ■T mm 11*5 i. IP UN? i ix "s h wsp i I o !.J rrr if f (C stS'.
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  • TOP STORIES
    • 663 2  -  Masagos says countries’ ground-up pledges must come with this deal to bring the world closer to climate safety By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THOUGH more than 180 countries have given their commitments for the United Nations’ climate-change talks
      PHOTO: AFP  -  663 words
    • Article, Illustration
      448 2  -  The Singapore government is embarking on a big push to remake the economy. As chairman of the Committee for the Future Economy, and Singapore’s new Finance Minister, Heng Swee Keat has been tasked with getting the job done. The Business Times takes a look at the man leading
      BTGraphics: Kelly Tay, Ludwig Ilio & Gladys Lam  -  448 words
    • 502 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore BRITISH speciality chemicals manufacturer Croda International has completed an £18 million (S$38 million) expansion of its Jurong Island plant that not only more than doubles its production capacity, but also expands its product range to
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    • 570 4  -  But analysts say stronger-than-expected imports suggest that domestic demand could be strengthening By Virginie Mangin btworld@sph.com.sg Beijing CHINA trade continued to shrink in November but imports showed some signs of improvement, customs figures showed, suggesting domestic economic conditions could be improving.
      PHOTO: BLOOMBERG  -  570 words
    • 647 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN received a surprise and a half on Tuesday, with news not only of a half-expected upward revision in third-quarter gross domestic product (GDP) meaning the country did not slide back into recession during the period but
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    • 1254 4 BLOOMBERG Jakarta A FAULTY component, a poor maintenance regime, bad weather, a critical mistake, a communication failure, 162 people dead. The loss of AirAsia Flight 8501 on a stormy December morning a year ago, from
      BLOOMBERG; PHOTO: REUTERS  -  1,254 words
    • 647 5  -  It’s No 6 in a survey on economies that present the best opportunity for starting and running a successful business By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINGAPORE is ranked sixth on the list of global economies that entrepreneurs consider to present the best opportunity for starting
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    • 718 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore US-BASED optical firm Transitions Optical sees room for growth in the AsiaPacific, where sales are rising at a dou-ble-digit clip. While its market share in this part of the world lags behind its stronghold in more
      PHOTO: TRANSITIONS OPTICAL  -  718 words
  • Page 2 Advertisements
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  • Page 5 Advertisements
    • 1061 5 ONLY FOR WINE INE SELF-STORAGE L OCATED 5 MINUTES FROM ORCHARD ROAD TARTING AT $1.88 PER CASE PER MONTH Cell sizes STARTING FROM 110 CASES 1 Chang Charn Road #04-05/06/07 OC Building (off Leng Kee Road) Singapore *****0 Tel: (65) 6464 9988 SALES GENERAL ENQUIRIES sales@onlyforwine.com.sg www.onlyforwine.com.sg Only For Wine
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  • COMPANIES & MARKETS
    • 732 6  -  HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT IT IS what it is. Strictly based on entry-exit price dynamics, one loser in the sale of Neptune Orient Lines (NOL) to France’s CMA CGM, will likely be Temasek Holdings. No one quite knows
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    • 553 6  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE S$3.4 billion sale of Neptune Orient Lines (NOL) to France’s CMA CGM was embraced by analysts with most recommending investors to take the deal but the stock price behaviour was rather au contraire. NOL shares began the
      Source: Bloomberg  -  553 words
    • CORPORATE DIGEST
      • 57 6 FORMER OCBC chief financial officer Soon Tit Koon, 64, has been appointed a non-executive and independent director of Great Eastern Holdings. “The appointment of Mr Soon, with his broad experience in the banking and financial sector and his familiarity with the insurance business, complements the competencies and skills
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      • 61 6 CREDIT rating agency Fitch has kept its rating for utilities company Singapore Power (SP) at AA- with a stable outlook, it said on Tuesday. Although SP’s standalone rating is just A, which is nearer the lower end of investment grade, Fitch said it raised SP’s rating by two
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      • 75 6 CIVIL engineering company Swee Hong on Tuesday said its scheme of arrangement with its creditors has taken effect. This came after it lodged a copy of the Order of Court with the Registrar on Dec 2. In November, the court approved the scheme, which facilitates Swee Hong’s debt
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      • 84 6 FRASERS Centrepoint Ltd (FCL) announced on Tuesday that it has executed a share subscription agreement with Thailand-listed developer Golden Land Property Development Public Company (Gold) for new ordinary shares in Gold at 7.25 baht per share or 4.97 billion baht (S$196 million). After the transaction, FCL will
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    • 510 7  -  The sites have a total land area of 7,125 square metres and have development potential for 248 residential units By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ROXY-PACIFIC Holdings’ overseas expansion is gathering pace with yet another property acquisition in Australia within a short span
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    • 418 7 REUTERS Montreal CANADIAN Pacific Railway (CP) on Tuesday revised its bid to buy US railroad operator Norfolk Southern Corp, less than a week after its prior US$28.4 billion proposal was rejected, but the new offer was promptly rejected again. Calgary-based CP
      REUTERS  -  418 words
    • 704 8  -  NOL’s trading resumption helps lift market turnover to S$913 million STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday slumped to a 24.89-point or 0.86-per cent loss at 2,876.03 in response to an overnight slide on Wall Street and
      Source: Bloomberg  -  704 words
    • 305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 +3 238/235 271 213 6.1 6026.8 CapitaLand 326 unch 326/317 379 267 11.9 2.8 *****.8 CapitaMall Trust 191 -2 193.5/191 228 184.5 5.7 6637.8 CityDev 715 -5 726/715 1095 712 8.6
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    • 75 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 129.5 0.4 *****/***** DBXT Vietnam US$ 2260 49.3 1.6 2788/2139 SIA 1098 41.0 3.9 1291/957 IS Asia BND US 1040 11.3 0.8 1096/1019 Lyxor AsiaRE US$ 892 8.5 0.7 1114/787 BY PERCENTAGE CLOSE UP 52w high/low Full Apex 4.4
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    • 35 8 STI FTSE ST All-Share ftse ST All-Share index Dec 8,2015 695.66 -5.76 (-0.82%) Current streak 1 day Day high 697.76 Day low 693.74 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)
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    • 74 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSKorea US$ 5060 -204.1 -2.8 6246/4478 GLD US$ ***** -139.4 -1.0 *****/***** JMH USD 4960 -112.6 -1.6 6788/4502 Jardine C&C 3564 -71.0 -2.0 4269.7/2636 JSH USD 2763 -69.0 -1.7 3693/2611 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaSing Inv 0.7 -66.7 -1.4 3.1/0.6
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    • 82 8 VOL CLOSE($) CHANGE ChinaSing Inv 100.0 0.007 -0.014 -66.67 Full Apex 130.1 0.044 +0.026 +144.44 Allied Tech 390.0 0.010 +0.002 +25.00 Logistics 10.0 0.295 +0.055 +22.92 Zhongxin Fruit 446.0 0.013 -0.003 -18.75 China Taisan 54.3 0.083 -0.017 -17.00 Infinio 500.2 0.002 -0.001 -33.33 Ace Achieve Info 4,391.1 0.021
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    • 467 8  -  Compiled by Kenneth Lim Singapore Exchange| NEUTRAL Dec 8 close: S$7.54 Target price: S$8.00 Credit Suisse, Dec 8 WE reduce our earnings by 9 per cent, given continued weak market activity, reducing our FY17 estimated ADT (average daily turnover) to S$1.2 billion. November 2015 volumes continue to be
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    • 33 8 VOLUME Blumont 108,250,200 NOL 70,156,000 Rowsley 35,890,100 Geo Energy Res 31,878,200 Noble 31,234,400 Market volume 1,136,411,000 VALUE NOL 85,787,889 Singtel 84,861,822 DBS Grp 48,467,593 UOB 48,260,889 SIA 38,311,428 Market value 920,179,000
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    • 107 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 293 -3 176 295/293 355/280 292/294 DBXT MSRussia US$ US170 -5 37 171/170 235/140 169/170 Lyxor HSI US$ US272 cd -3 27 280/272 361/256 269/276 23.7 DBXT MSINDO us$ US1130 -22 25 1138/1130 1492/911
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    • 77 8 Dec 8 VALUE CLOSE BT OB/OS -372.00 -192.00 BT CADI -*****.00 -151.00 BT 10-day MA -*****.00 -37.00 FTSE ST Mid Cap 673.12 -4.80 FTSE ST Small Cap 403.85 -2.79 FTSE ST All Share 695.66 -5.76 FTSE ST China Top 172.26 -0.94 FTSE ST China 207.63 -2.28 FTSE
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    • 33 8 STI MSCI EAFE MSCI EAFE index Dec 7,2015 1,734.43 +2.73 (+0.16%) Current streak 1 day Day high 1,743.11 Day low 1,731.32 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 7 3 0 1 0 2 8 3 Manufacturing 23 55 25 7 12 9 30 67 34 Commerce 10 23 9 0 8 2 10 31 11 Tpt/Stor/Comms 5 24 5
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,294 3,866 18,160 53,408 1,457 54,865 Manufacturing 71,359 37,160 108,519 79,259 3,134 82,393 Commerce 53,501 28,679 82,180 60,191 1,617 61,809 Tpt/Stor/Comms 165,767 130 165,897 265,696 11 265,707 Finance 14,359 6 14,365 144,196 1 144,197 Construction
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    • 447 9 CURRENCIES BLOOMBERG Edinburgh THE currencies of commodity exporters led declines in the foreign-ex-change market, with Australia’s dollar extending its biggest loss in a month and South Africa’s rand sliding to a record. Canada’s loonie slumped to an 11-year low versus the US
      BLOOMBERG  -  447 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Dec 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.979 4.645 0.666 5.609 48.296 100.413 0.891 8.526 3.085 1.088 75.143 34.103 1.019 10.511 0.722 23.746 26.012 0.481 0.724 Canada 1.022 4.747
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      • Article, Illustration
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      • 155 9 Dec 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0184 1.0198 0.7235 0.7240 Canadian dollar 1.0410 1.0419 0.7398 0.7395 Euro 1.5301 1.5316 1.0870 1.0874 NZ dollar 0.9363 0.9376 0.6652 0.6657 Sterling pound 2.1176 2.1198 1.5044 1.5050
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      • 21 9 Dec8 S$ Bid Offer 1-month 1.4087 1.4099 2-months 1.4098 1.4110 3-months 1.4114 1.4125 6-months 1.4141 1.4155 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 407 9 Dec 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.00 *****.50 *****.00 *****.50 *****8 *****5 Jan16 *****.50 *****.50 *****.00 *****.00 6067 3555 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 *****4 *****3 Mar16 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN
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      • 206 9 Most active Dec 8 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.2 0.3 ***** 1 18 10 Ntegrator Intl Ltd W*****3 0.3 -0.1 ***** 1 1 -7 4.67 35 STI 3100 MB eCW*****9 3 -0.5
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      • 365 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 7 Index Change Change Change Change Change Change World Preliminary 1294.0 -0.5 1.4 -0.1 4.3 -0.6 -1.5 EAFE Preliminary 1025.9 0.5 4.0 0.7 3.5 0.2 -2.3 Europe Preliminary 1429.5 0.4 3.5
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    • BANK RATES
      • 154 9 Dec 8 $S Offer Bid 0vernight 0.05 0.02 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.1875 0.0625 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.80 0.60 9 months 1.00 0.80 12
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      • 69 9 Dec 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.49 100.54 100.51 5-Year N*****0S 2.000 01-Jul-20 100.19 100.35 100.20 10-Year NX*****Z 2.375 01-Jun-25 98.92 99.05 99.00 15-Year NZ*****F 2.875 01-Sep-30 101.14 101.40 101.13 20-Year NZ*****V 3.375 01-Sep-33 107.5
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    • AGRI METALS ENERGY
      • 193 9 Dec-7 Price Net change change Last Trade Agricultural Dec-7 CBOT Soybeans (US cents/bu) 882.25 -23.75 -2.62% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.98 -0.82 -2.58% 14/12/2015 CBOT Wheat (US cents/bu) 470.25 -1.00 -0.21% 14/12/2015 Dec-7 LIFFE Cocoa (£/tonne) 2298.00 11.00 0.48% 14/12/2015 LIFFE Coffee (US$/tonne) 1535.00 -1.00 -0.07%
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      • 57 9 Dec 8 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2200.0 2200.0 2200.0 2190.0 11 2980 Jan 16 2325.0 2303.0 2334.0 2291.0 1667 ***** Feb 16 2404.0 2396.0 2415.0 2380.0 ***** ***** Mar 16 2450.0 2445.0
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    • 482 10  -  This brings three-year returns for the 20 largest active IT stocks on the exchange to 48.6% By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE 20 largest active Singapore Ex-change-listed information technology (IT) stocks averaged an 8.3 per cent total return in the
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    • 367 10  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SEMBCORP Marine said it has retained its top position in the industry with a new record high of 34 liquefied natural gas (LNG) vessel repair and upgrade projects this year. The new record achieved by
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    • 418 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SEMBCORP Industries has completed an approximately US$200 million expansion to a water and power plant in the United Arab Emirates (UAE), it said in a press release on Tuesday, adding that the expansion has begun commercial operation. The
      FILE PHOTO  -  418 words
    • 538 10 BLOOMBERG Singapore SINGAPORE’S builders are entering 2016 with another wall of debt coming due, falling confidence and declining earnings. After a record S$9.6 billion of bonds were repaid this year, the industry faces S$6.4 billion of maturities next year, S$2.3 billion in 2017 and
      BLOOMBERG; PHOTO: REUTERS  -  538 words
    • 1792 11 Transaction date: Dec 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom Last Sale AAT vol ('000) 124 80 AEI Day Low Div C'vr 153 131.5 AIMSAMP Cap Reit Net 175.5 116.5 ARA Asset Mgmt
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    • 391 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 10.1 2.3 t Abundance Intl (’000) High 1 0.3 t Advanced Systems 0.5 +0.1 300 0.5 0.4 13.2 LOW Div 25 4.5 t Alliance Mineral 15.6 +0.1 *****
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    • 114 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 77 CIMB APAC Div US$ US77 -1 1 77 77 8.1 1440 991 CIMBASEAN40 S$D 1135 -10 0 1135 1135 vol ('000) High Day 1750 1151 DBXT MSCHINA
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  • Page 6 Advertisements
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    • 129 6 I want to... Take my career to greater heights with a master’s degree. Future Me Double crown accreditation AMBA and EQUIS Ranked 70th globally and Top 10 UK universities (The Economist's rankings) In the top 1 of all universities worldwide, with a ranking of 77th in the world (QS World
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  • Page 7 Advertisements
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    • 92 7 Deutsche Bank db.com Global strength and expertise. At the centre of Asia's markets 'pevfbYm, ■jlL, L I mmsg. si w. V 0# C Bank AGJs authorised und Details about the extent i BaFii ential cf^ur !3 This advertisement has been approved and/or communicated by Deutsche Bank AG or by its
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  • Page 10 Advertisements
    • 99 10 V' A 'N X A H r-'-w W Choose from a luxurious medley of gourmet treats at Cafe Noel that will not only add sparkle to your festive parties but also lend a magnificent charm to the season. The Cafe Noel booth is located on Level 2. (Please take the
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  • Page 11 Advertisements
    • 71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words

  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • 1263 12  -  However, the tourism sector, which covers hotels, attractions and travel agencies, sees little improvement in customer satisfaction. BY NARENDRA AGGARWAL THE good news is that customer satisfaction with Singapore’s food and beverage (F&B) sector, which includes restaurants and cafes here, has improved significantly over the
      Source: Institute of Service Excellence at SMU (ISES)  -  1,263 words
    • 687 12  -  By Narendra Aggarwal PROVIDING good service to customers is a big issue for the food-and-bev-erage (F&B) sector, now gripped by a manpower crunch, said Andrew Tjioe, executive chairman of the TungLok chain of popular restaurants. The way around this limitation lies
      687 words
    • 278 12 THE Customer Satisfaction Index of Singapore (CSISG) measures customers’ cumulative satisfaction with companies. The scores are generated based on the econometric modelling of survey data collected from end-users after the consumption of products and services. Sub-sector scores are derived as a weighted average of company
      278 words
    • 436 12  -  By Narendra Aggarwal MEMBERS of Gen Y are an impatient lot. They want to get to that top rung of the career ladder, and if that doesn’t happen in a hurry, they leave the industry. This is exactly what is happening in the hospitality
      436 words
    • 1242 13  -  The CSISG not only benchmarks companies but also helps them take proactive action to head off potential problems.BY problems.BY NARENDRA AGGARWAL AS customers’ needs and expectations of the various services they consume are constantly evolving, businesses need to track the changing tastes and desires carefully
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    • 735 13  -  By Narendra Aggarwal DOING an internship for some months will be useful for young people in deciding their career path, especially if they are considering the food and beverage (F&B) and tourism sectors, says Janet Tan-Collis, chief executive of East West
      735 words

  • Page 13 Advertisements
    • 117 13 ISES CORPORATE MEMBERSHIP AN AFFILIATION TO SERVICE EXCELLENCE The ISES Corporate Membership Programme brings together a selected network of Singapore's leading companies measured in the CSISG National Study. Membership entitles your organisation the benefits of collaboration on the CSISG national study and survey design together with the Institute of Service
      117 words

  • REAL ESTATE
    • 1271 14  -  New law removes critical hurdles to foreign property ownership; the ease of getting land still a challenge By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AFTER almost five years of a housing slump, the Vietnam market is roaring back to life and with
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    • 883 14  -  But these two regions had suffered bigger price drops last year than the suburbs, says an analyst By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RESALE prices of non-landed private homes in Core Central Region (CCR) and the city-fringe have been
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    • 263 14 Pictet-Absl Rtn Fxd Inc-HP EUR 03/12/2015 EUR 103,04 Pictet-Absl Rtn Glo Div-P EUR 03/12/2015 EUR 117,46 Pictet-Asian Equities Ex Japan-P USD 04/12/2015 USD 185,07 Pictet-Asian Local Currency Debt-P USD 04/12/2015 USD 143,14 Pictet-Biotech-P USD 03/12/2015 USD 726,70 Pictet-Clean Energy-P USD 03/12/2015 USD 74,14 Pictet-Digital Communication-P USD 03/12/2015 USD 233,30
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    • 182 14 Hong Kong HONG KONG Chief Executive Leung Chun-ying said on Tuesday that property cooling measures will stay despite recent signs of a fall in property prices. Speaking ahead of the weekly Executive Council meeting, Mr Leung said it was not the government’s responsibility
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  • Page 14 Advertisements
    • 68 14 NOTICES IRENE CB INVESTMENTS LIMITED Business Company Number: *****96 IN VOLUNTARY LIQUIDATION Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Irene CB Investments Limited commenced on 02/12/2015 and that Lia Shiow Jiuan Nicole of 21 Collyer
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  • BANKING & FINANCE
    • 528 16 Yield on 10-year govt debt rises three basis points to 4.24%, the highest since Nov 24 BLOOMBERG Kuala Lumpur MALAYSIAN bonds fell and the ringgit’s three-day gain petered out after the New Straits Times cited Prime Minister Najib Razak as saying the
      BLOOMBERG; PHOTO: BLOOMBERG  -  528 words
    • 579 16 REUTERS Tokyo JAPANESE firms believe the yen is likely to fall further to at least 13-year lows against the dollar next year, a Reuters poll showed, a move that would exacerbate pain for importers and potentially create headaches for policymakers.
      REUTERS  -  579 words
    • 301 16 REUTERS New York HSBC is looking to boost investment banking profits by packaging more of its loans into bonds and selling them to investors in the United States. Post-crisis regulations have made it more expensive for banks to retain loans on
      REUTERS  -  301 words
    • 742 16 BLOOMBERG Mumbai INSURERS from Lombard General Insurance Co to American International Group Inc are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the city home to factories of Ford
      BLOOMBERG; PHOTO: REUTERS  -  742 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 2247 17 NOTICES TOLL FREE 18 0 0-289-8822 I Email n o t i c e s s p h c o m s g I www.sphclass.com.sg/notices ALPHA ENERGY HOLDINGS LIMITED (formerly known as JK Tech Holdings Limited) (Incorporated in the Republic of Singapore) (Company Registration No. *****0813H) NOTICE OF EXTRAORDINARY GENERAL
      2,247 words
    • 2202 17 SOUND GLOBAL LTD. (Incorporated in the Republic of Singapore with limited liability) (Company Registration No. *****5422C) Hong Kong Stock Code: ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the annual general meeting of SOUND GLOBAL LTD. (the “Company”) will be held at United Conference Centre, 10/F, United
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  • ENERGY & COMMODITIES
    • 461 18  -  Offshore platform contract awarded to Malaysia Marine Heavy Engineering after months of delay By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PETRONAS has sanctioned the F12 field development planned under the Kumang Cluster Phase 2 project, which is intended to
      461 words
    • 388 18 BLOOMBERG Sydney WOODSIDE Petroleum Ltd abandoned its US$8 billion offer for Papua New Guinea-focused Oil Search Ltd almost three months after the bid was rejected, dropping plans for what would have been the biggest energy takeover in Asia. Oil Search tumbled
      BLOOMBERG  -  388 words
    • 559 18  -  By Neil Behrmann btworld@sph.com.sg London OIL prices are flirting with Great Recession lows following last week’s fractious Opec meeting. Brent oil prices have plunged 5 per cent from US$45.1 early last Friday to US$42.9 a barrel while US West Texas
      559 words
    • 481 18 REUTERS Port Hedland, Australia AQUA farms growing super foods could soon materialise in the rust-red dust of the Australian outback, alongside wheat fields, haystacks and cattle herds, as tumbling iron prices drive the minerals-rich Pilbara region to transform itself. On
      REUTERS  -  481 words
    • 629 18 Oversupply to continue in the new year; Malaysia, region’s biggest exporter, may be hurt the most BLOOMBERG Hong Kong THE world’s biggest oil consumers could hardly have hoped for a better Opec meeting. The group that supplies most of Asia’s crude
      BLOOMBERG  -  629 words
  • Page 18 Advertisements

  • TECHNOLOGY
    • 842 19 The latter is said to be considering selling its Japanese portal stake BLOOMBERG Tokyo MASAYOSHI Son has an US$8.6 billion dilemma on his hands. His SoftBank Group Corp is the largest investor in Yahoo Japan Corp, controls several board seats and wields more power
      BLOOMBERG; PHOTO: BLOOMBERG  -  842 words
    • 780 19 Apple and Facebook have designed technology that even they can’t break into, because it’s more secure BLOOMBERG New York PRESIDENT Barack Obama’s Oval Office speech on Sunday night on combating the Islamic State (ISIS) included a plea for “high-tech and law enforcement
      BLOOMBERG  -  780 words
    • 888 19  -  By Josh Barro NYT New York MARK Zuckerberg’s announcement last week that he and his wife Priscilla Chan would dedicate 99 per cent of their wealth to the Chan Zuckerberg Initiative drew a remarkable combination of adulation and scorn. Adulation because
      NYT; PHOTO: AFP  -  888 words
    • 221 19 BLOOMBERG New York BLUE Coat Systems Inc, a provider of Internet security software, is taking pitches from investment banks for an initial public offering (IPO) just nine months after being acquired by private equity firm Bain Capital Partners LLC, people
      BLOOMBERG  -  221 words
  • Page 19 Advertisements
    • 767 19 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MARINE CONTRACTING PTE. LTD. (In Provisional Liquidation) Reg. No. 201B*****K (Incorporated in the Republic of Singapore) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS PURSUANT TO SECTION 291 (4) OF THE COMPANIES ACT, CAP.50
      767 words

  • CONSUMER
  • Page 20 Advertisements
    • 55 20 BuildTech Mandalay 2016 Mandalay's Leading Building Technology and Supply Event DECEMBER 2016 Mandalay City Hall, Myanmar Mandalay’s FIRST Building Construction Trade Exhibition! DISCOVER MARKET OPPORTUNITIES! A PST PREMIUM SPACES AVAILABLE! Contact us today at btmandalay@sph.com.sg or call +65 6319 4037 Visit www.btmandalay.com for more information! Organised by: Co-Organised by: (sphere
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    • 70 20 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, COMEX, World Book Your Space NOW! *Limited Booths Available Call *****620 or email to sales@exhibitsinc.com.sg
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    • 65 20 cc The day you can’t adjust and change, that day, you begin to shrivel and die that’s all. The day I’m unable to learn new things, I’m out of touch with the world, then I’m useless.” NTUC dialogue on July 23, 2003 Catch these and other piquant quotes from Lee
      65 words

  • GOVERNMENT & ECONOMY
    • 435 21 Supporters argue it can avoid a repeat of failings of the financial markets which led to 2008 crisis AFP Brussels EUROZONE nations on Tuesday failed to secure a deal on a controversial financial transactions tax but said they aimed for an
      AFP  -  435 words
    • 696 21  -  But many Malaysians and opposition politicians remain doubtful given his refusal to name the donor By Pauline Ng btworld@sph.com.sg Kuala Lumpur AHEAD of Umno’s annual assembly on Tuesday, Prime Minister Najib Razak sought to convince party members of his probity
      696 words
    • 784 21 Economists are banking on cheaper fuel to spur spending by consumers and companies in 2016 BLOOMBERG London THE world’s central bankers just got a helping hand from the world’s oil ministers. As the European Central Bank delivers less monetary stimulus than
      BLOOMBERG  -  784 words
    • 593 21 BLOOMBERG Madrid EURO-AREA growth in the third quarter was bolstered by private consumption and government spending as exports suffered from a slowdown in global trade. Gross domestic product in the 19-nation bloc rose 0.3 per cent in the three months through September
      BLOOMBERG; PHOTO: BLOOMBERG  -  593 words
  • Page 21 Advertisements
    • 48 21 M it v t-W .V sjolu 0V3U 0NVGS N IMJ >fl s e T c* -V 1% o m 2Owncars? If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      48 words

  • ENTERPRISE 50
    • 776 22  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT THE 50 private companies honoured at the Enterprise 50 (E50) Awards dinner on Nov 19 for contributing to economic development in Singapore and abroad came dressed to the nines for the black-tie event held at the Resorts World Sentosa. Rotating
      PHOTOS: YEN MENG JIIN, LAURA NG and GLADYS LAM  -  776 words


  • TRANSPORT
    • 727 24  -  It’s a challenge just complying with the raft of environmental regulatory measures in the pipeline STRAIT TALK BY DAVID HUGHES A FEW weeks ago, the Maritime and Port Authority of Singapore (MPA) announced that its Green Ship Programme (GSP) had reached a new
      727 words
    • 635 24 REUTERS London BRITISH Prime Minister David Cameron is unlikely to give final approval for expanding Heathrow Airport as expected this month, further delaying the politically charged decision which has been 25 years in the making, an industry source said. Mr Cameron had promised
      REUTERS; PHOTO: BLOOMBERG  -  635 words
    • 541 24 WP Washington A SHARPER decline in US railroad cargo this quarter points to weak spots in the US economy as a strong dollar crimps exports, retailers whittle down excess inventory and energy investment stalls. Union Pacific, Warren Buffett’s BNSF
      WP  -  541 words
    • 698 24 REUTERS Paris RENAULT is drawing up proposals to relinquish some power over its partner Nissan, sources said, and is shoring up support ahead of a likely boardroom clash with the French government. Renault remains on collision course with its biggest shareholder
      REUTERS  -  698 words
    • 431 24 To do so, it has to speed up output by 24 aircraft, or almost 50%, in December BLOOMBERG Toulouse AIRBUS Group SE may struggle to meet its goal of delivering more jetliners this year than it did in 2014,
      BLOOMBERG  -  431 words
    • 2103 25 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PG PKL KUC JKT SUR ADMIRE CORAL 005 60 13/12 15/12 19/12 21/12 EMERALD CORAL 095 60 26/12 28/12 31/12 3/1
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  • Page 25 Advertisements
    • 96 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times SHIPPING TIMES Make A Splash In The Maritime World Via stfi3lwitime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry, log on to SPHMaritime.com for a sea
      96 words

  • OPINION
    • 601 26 EDITORIAL AS recently as August 2014, oil prices were just above US$100 per barrel. On Tuesday, they hovered at close to US$40, a roughly 60 per cent drop in 16 months. After the meeting of the Organization
      601 words
    • 847 26  -  THE BOTTOM LINE By Anthony Rowley Tokyo WHATEVER happened to the idea of Asian monetary cooperation and of an Asian common currency, dreams that appear to have drifted beyond reach or even contemplation in recent years? Has this “brief candle” (to quote Shakespeare)
      847 words
    • 1443 26  -  Despite fresh criticism of his stance on ISIS, Obama hasn’t proposed new policies to deal with the terror outfit By Leon Hadar THE American people feel a sense of vulnerability in the face of the threat of terrorism. Their president is criticised for
      PHOTO: REUTERS  -  1,443 words
    • 899 27  -  COMMENTARY By Simon Johnson T The writer is a professor at MIT’s Sloan School of Management and the co-author of “White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You” Washington, DC AT LEAST since the fall
      899 words
    • 646 27  -  By Thomas Costerg T The writer is a New York-based senior economist at Standard Chartered Bank THE US Federal Reserve is likely to raise interest rates for the first time in nine years at its next monetary decision-making meeting on Dec 15-16, but
      646 words
    • 346 27  - Does SGX care about small investors LETTER TO THE EDITOR S Kumar I REFER to R Sivanithy’s incisive commentary, “SGX MTP extension a timely move” (BT, Dec 4). The points made are certainly pertinent. While the extension does provide companies valuable time to explore options, the reality on the ground
      346 words
    • 1313 27  -  As Iran flexes its economic muscle in Opec and internationally, a key question is what this enhanced power will mean for its political posture in the region and beyond. BY ANDREW HAMMOND beyond.BY ANDREW HAMMOND T The writer is an associate at
      PHOTO: REUTERS  -  1,313 words


  • LIFE & CULTURE
  • Page 28 Miscellaneous
    • 342 28 CRYPTIC CROSSWORD Across 1 Unpleasant bunch’s dismissive attitude (4,6) 6 Labour withdrawn (4) 10 Try to walk like a crab and slide about (5) 11 No longer an individual to esteem, that’s clear (9) 12 One who talks one round to compose some music (8) 13 Clean up in the
      342 words

  • Page 29 Advertisements
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  • EXECUTIVE MONEY
    • 1220 30  -  The concern is that the price of emissions will escalate in the form of carbon tax or other more onerous regulation. By GENEVIEVE CUA By GENEVIEVE CUA A SENSE of urgency on the financial impact of carbon emissions is prompting some institutional investors to
      1,220 words
    • 937 30 NYT Washington CLIMATE change has finally gotten the attention of world leaders, who have convened in Paris for a twoweek conference on how to combat global warming. But investors, it seems, continue to struggle with connecting their desire for a better planet
      NYT; PHOTO: NYT  -  937 words
    • 430 30 ON THE RADAR GLOBAL mutual funds continued to sell more Singapore stocks than they bought, but the gap has narrowed in the three months to Dec 2. This week we focus on all the stocks listed on Singapore Exchange. Based on the top five
      430 words
    • 877 29 They maintain that their market-based solution, despite its stumbles, still offers the best way forward BLOOMBERG New York TWO decades ago, Richard Sandor had a grand plan to reduce the pollution that causes global warming and maybe get rich in the process. The rich part worked.
      BLOOMBERG; PHOTO: REUTERS  -  877 words
    • 565 29 NYT Washington HUMANS don’t behave like computers. That makes life interesting, but it has a serious downside for economists: It is exceedingly difficult to predict the short-term directions of major markets, even when events seem to be entirely predictable. The forthcoming decision
      NYT  -  565 words