The Business Times, 15 December 2015

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Microfilm: NL33709
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    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 Tuesday, December 15,2015
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  • DAILY DIGEST
  • Article
    Lock icon MARKETS
    28 1 MARKETS Monday Change STI 2,815.04 -19.59 KL COMP 1,629.96 -10.18 NIKKEI 225 18,883.42 -347.06 HANG SENG 21,309.85 -154.20 SHENZHEN B 1,289.52 +16.05 DOW (10.45am EST) 17,241.70 -23.51
    28 words
  • Article, Illustration
    Lock icon Pain-or-gain debate grips Asian investors as Fed decision nears
    854 1  -  They fear regional currencies will fall further, and mull over whether the prospect of rate hike is already priced into stocks By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AHEAD of a broadly expected rate hike decision by the US Federal Reserve on
    PHOTO: REUTERS  -  854 words
  • Article, Illustration
    Lock icon H2 2016 may see green shoots of recovery for private homes
    1256 1  -  REVIEW 2015 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AMID all the gloom and doom surrounding the private residential market, a more contrarian view that has emerged now points to green shoots of recovery in the second half of 2016.
    PHOTO: REUTERS; Source: URA Realis  -  1,256 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      29 1 8 "*****1 *****4 CLIMATE DEAL Big oil, make way for Big Solar ENERGY COMMODITIES 16 CURTAIN SET TO RISE ON FIRST STAR WARS FILM IN A DECADE CONSUMER 18
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      196 1 COSCO CORP Stock down 18.7% after trading resumes COMPANIES MARKETS 6 BUILDING DREAMS Prime structures Engineering makes special projects its niche SME 26 //V” Immediate Occupation orchardboulevard FREEHOLD ft X mk N skyline m /t 5* '‘4 i 4 e 4 v s Y 7 0 > 0 < v
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      9 1 COMMENTARY Corporate governance concerns at singPost COMPANIES MARKETS 1o
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  • TOP STORIES
    • Article, Illustration
      Lock icon BOJ tankan underscores worries about renewed volatility
      785 2  -  Overall business sentiment held steady in Q4, but Japanese firms are more gloomy about future prospects By Anthony Rowley btworld@sph.com.sg Tokyo THE wary tone of the Bank of Japan's (BOJ) latest survey of Japanese business sentiment released on Monday was in tune with
      PHOTO: REUTERS  -  785 words
    • Article
      Lock icon Oil falls below US$35 in New York for first time since 2009
      746 2 BLOOMBERG London OIL fell below US$35 a barrel in New York for the first time since 2009 as Iran reiterated its pledge to boost crude exports, bolstering speculation Opec (Organization of the Petroleum Exporting Countries) members will exacerbate
      BLOOMBERG  -  746 words
    • Article, Illustration
      Lock icon The making of Volkswagen’s aggressive ambitions
      1786 4 Its management culture comes under scrutiny as potentially enabling its lawbreaking behaviour REVIEW 2015 NYT Wolfsburg ALL cars at the headquarters should, according to the rules, be parked facing the same way. The firm is controlled by a tight-knit troika of a billionaire family
      NYT; PHOTOS: AFP, REUTERS  -  1,786 words
    • Article
      Lock icon Bond investors see more carnage amid Third Avenue contagion risk
      1027 4 BLOOMBERG Los Angeles TOP bond investors are predicting more carnage for high-yield funds amid a market rout that forced a Third Avenue Management mutual fund last week to freeze redemptions. Scott Minerd, global chief investment officer at Guggenheim Partners, predicts
      BLOOMBERG  -  1,027 words
    • Article, Illustration
      Lock icon Ma’s SCMP deal beats Washington Post buy
      698 5 Ma bags SCMP’s media assets at 10 times Ebitda while Bezos paid 17 times Ebitda for The Washington Post BLOOMBERG Hong Kong JACK Ma’s Alibaba Group Holding Ltd looks to be getting a better deal in its US$266 million acquisition of the South
      BLOOMBERG; PHOTO: AFP  -  698 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      17 5 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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      81 5 Scraping skies, powering ports. de possible by QBE A m I I 331 m w a m m s 1? VA I £SU& When it comes to insurance, QBE has Asia Pacific covered. From protecting the region’s marine, construction and aviation industries to insuring the ports that connect us to
      81 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Cosco Corp (S) down 18.7% as trading resumes after long suspension
      670 6  -  Stock hit by loss warning; firm’s fate also unclear for now as parent company’s restructuring leaves out shipbuilding segment By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHARES in Cosco Corporation (Singapore) tumbled to a multi-year low on Monday as
      Source: Bloomberg  -  670 words
    • Article
      Lock icon China shipping groups merger plan erases US$900 million in value
      798 6 BLOOMBERG Beijing CHINA’S biggest shipping reform failed to enthuse investors as two major companies lost about US$900 million in total market value after the government proposed combining its two key ocean liner groups. China Shipping Container Lines Co and China
      BLOOMBERG  -  798 words
    • Article
      Lock icon Interra ties up with Chinese MNC Sany to invest in South-east Asia oil and gas
      354 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OIL and gas exploration and production firm Interra Resources is collaborating with Chinese multinational heavy equipment firm Sany Heavy Industry to invest in the oil and gas industry in
      354 words
    • Article, Illustration
      Lock icon SGX nabs ‘Global Exchange of the Year’ prize
      286 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore Exchange’s solid expansion of its derivatives trading business has earned it an international accolade. SGX has been named “Global Exchange of the Year” for the first time by derivatives magazine Futures Options World (FOW),
      BT FILE PHOTO  -  286 words
    • Article, Illustration
      Lock icon STI falls for fifth straight session
      723 8  -  Weak oil prices and this week’s US Federal Open Market Committee meeting cited as the main culprits STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE were no surprises as far as Monday’s trading in the local stock market went, as prices fell in the wake
      Source: Bloomberg  -  723 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 223 cd -3 226/221 271 213 6.5 5646.9 CapitaLand 312 -2 314/305 379 267 11.4 2.9 *****.4 CapitaMall Trust 186.5 -1.5 188.5/186 228 184.5 5.8 6481.4 CityDev 703 -9 712/695 1095 695
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Spackman 41,808,500 Ezra 34,722,700 Jiutian Chemical 31,733,000 Golden Agri-Res 23,041,600 New Silkroutes 21,500,100 Market volume 1,128,484,000 VALUE DBS Grp 82,421,116 Singtel 64,166,776 OCBC Bank 54,957,827 UOB 53,123,281 CapitaLand 48,642,039 Market value 910,990,000
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    • Article
      Lock icon SGX ETFS
      111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 288 -1 3112 290/285 355/280 288/289 Nikko AM STI ETF 292 -2 734 294/290 361/283 291/293 7 IS MS INDIA US$ US647 +7 271 647/639 1000/639 643/647 80.9 DBXT MSBrazil US$ US244 -4 72
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 14 VALUE CLOSE BT OB/OS -597.00 -130.00 BT CADI -*****.00 -174.00 BT 10-day MA -*****.00 -60.00 FTSE ST Mid Cap 654.49 -7.90 FTSE ST Small Cap 392.52 -5.42 FTSE ST All Share 677.74 -5.88 FTSE ST China Top 166.06 -3.13 FTSE ST China 201.50 -2.66 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 14,2015 677.74 -5.88 (-0.86%) Current streak 5 days Day high 680.29 Day low 674.27 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 Dec 11,2015 1,690.15 -15.38 (-0.90%) Current streak 2 days Day high 1,706.65 Day low 1,687.34 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 2 7 4 0 1 0 2 8 4 Manufacturing 20 54 28 7 13 9 27 67 37 Commerce 15 23 12 3 5 6 18 28 18 Tpt/Stor/Comms 4 30 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,127 4,499 20,626 52,855 1,461 54,315 Manufacturing 131,919 44,679 176,598 84,157 1,815 85,972 Commerce 68,693 37,680 106,373 76,573 1,843 78,416 Tpt/Stor/Comms 119,036 1,925 120,961 140,279 155 140,435 Finance 33,819 8 33,827 214,703 1 214,704 Construction
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low DBXT S&PShort US$ 2155 42.3 1.4 2393/2086 China Yuanbang 50 22.5 81.8 95/23 IS MS INDIA US$ 647 9.9 1.1 1000/639 Boustead Proj 79 9.0 12.9 114/66.5 Shinvest 94.5 8.5 9.9 140/44 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.3 200.0 0.2 0.7/0.1
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -656.4 -2.3 *****/***** Lyxor Indonesia US$ 6693 -321.1 -3.3 9182/6250 DBXT E50 US$ 4531 -298.6 -4.5 5300/4350 SPDR DJIA US$ ***** -239.4 -1.0 *****/***** DBXT STGLDv US$ 2845 -142.3 -3.4 3302/2776 BY PERCENTAGE CLOSE DOWN 52w high/low MSM Intl
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE SingaporeKitchen 8.0 0.081 -0.077 -48.73 MSM Intl 5.0 0.060 -0.059 -49.58 China Jishan 520.0 0.040 +0.005 +14.29 ChinaSing Inv 50.0 0.009 +0.002 +28.57 Eucon 10,597.9 0.033 +0.005 +17.86 AIM 6.0 0.220 +0.026 +13.40 CPH 1,200.7 0.005 +0.001 +25.00 GP Hotels 10,548.0 0.315 +0.010 +3.28 NutryFarm
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    • Article
      Lock icon BROKERS’ TAKE
      395 8  -  Compiled by Melissa Tan Cosco Corp Fully Valued Dec 14 close: S$0.305 Target price: S$0.32 DBS Group Research, Dec 14 WE downgrade Cosco to “fully valued” with a reduced target price of S$0.32 (previously S$0.42), as we lower our valuation multiple from 0.8x to 0.6x FY16 P/BV in
      395 words
    • Article
      Lock icon CALENDAR
      16 8 DATA I (Dec 15) Singapore Retail Sales Index I (Dec 15) Singapore Labour Market Report
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    • Article
      Lock icon US$ inches up as investors brace for rate hike
      391 9 CURRENCIES REUTERS London THE dollar inched up against a basket of major rivals on Monday, with most major currencies range-bound as investors focused on the prospect that this week will bring the first rise in US interest rates in almost a
      REUTERS  -  391 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.989 4.657 0.658 5.589 48.296 101.340 0.875 8.536 3.115 1.074 75.070 34.135 1.016 10.876 0.710 23.654 26.010 0.475 0.721 Canada 1.012 4.711
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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 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0154 1.0166 0.7209 0.7213 Canadian dollar 1.0273 1.0283 0.7296 0.7293 Euro 1.5433 1.5448 1.0957 1.0961 NZ dollar 0.9457 0.9467 0.6714 0.6717 Sterling pound 2.1370 2.1388 1.5172 1.5175
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 14 S$ Bid Offer 1-month 1.4099 1.4110 2-months 1.4113 1.4124 3-months 1.4126 1.4139 6-months 1.4158 1.4175 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        207 9 Most active Dec 14 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****4 11.2 -0.9 6690 0.1 1720 7 Ntegrator Intl Ltd W*****3 0.2 unch 3600 1 1 6.00 35 OCBC Bk MB eCW*****3 7.3 -0.4 3275
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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 Dec 11 Index Change Change Change Change Change Change World Preliminary 1258.6 -1.2 -1.3 -0.4 2.6 -1.1 -3.8 EAFE Preliminary 988.2 -1.2 0.1 -0.1 1.6 -0.9 -4.8 Europe Preliminary 1365.9 -2.0 -1.1
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 9 Dec 14 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.00 *****.50 9952.50 *****.00 *****9 *****4 Jan16 *****.50 *****.00 9850.00 *****.00 8927 ***** NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****3 *****7 Jun16 *****.00 *****.00 *****.00 *****.00 11 237 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 14 $S Offer Bid 0vernight 0.03 0.01 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.1875 1.0625 Overnight mode: 0.15 US$ Offer Bid 7 days 0.38 0.28 1 month 0.38 0.28 2 months 0.45 0.30 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Dec 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.53 100.62 100.61 5-Year N*****0S 2.000 01-Jul-20 100.28 100.30 100.30 10-Year NX*****Z 2.375 01-Jun-25 98.65 99.68 98.85 15-Year NZ*****F 2.875 01-Sep-30 100.5 101.05 100.75 20-Year NZ*****V 3.375 01-Sep-33 106.73
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        193 9 Dec-11 Price Net change change Last Trade Agricultural Dec-11 CBOT Soybeans (US cents/bu) 870.75 -7.50 -0.85% 14/01/2016 CBOT Soybean Oil (US cents/lb) 31.08 -0.43 -1.36% 14/12/2015 CBOT Wheat (US cents/bu) 482.75 -1.75 -0.36% 14/12/2015 Dec-11 LIFFE Cocoa (£/tonne) 2257.00 13.00 0.58% 14/12/2015 LIFFE Coffee (US$/tonne) 1499.00 -23.00 -1.51%
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      • Article
        Lock icon PALM OIL
        57 9 Dec 14 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2220.0 2186.0 2220.0 2220.0 12 1125 Jan 16 2330.0 2306.0 2340.0 2305.0 1273 ***** Feb 16 2429.0 2404.0 2433.0 2401.0 ***** ***** Mar 16 2487.0 2474.0
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    • Article
      Lock icon Corporate governance concerns at SingPost
      1827 10  -  Group needs to address questions such as those on skills, competencies and experience; board renewal; and long tenure of independent directors COMMENTARY By Mak Yuen Teen T The writer is an associate professor at the NUS Business School, where he specialises in corporate governance and
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    • Article, Illustration
      Lock icon DBS fixed income business reaches new highs
      935 10  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore DBS Bank’s fixed income business continues to expand even as other bond houses exit the market amid challenging conditions. It’s not just widening its lead over the rest of the pack in its traditional home market
      Source: Bloomberg/DBS; Source: Bond Radar/DBS  -  935 words
    • Article
      Lock icon E*Trade closing Singapore and HK operations
      306 10  -  By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore US ONLINE broker E*Trade is closing its operations in Singapore and Hong Kong in a shock move that will also see it surrender its stockbroking licence in Hong Kong. Customers here were alerted to this when they logged
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    • CORPORATE DIGEST
      • Article
        Lock icon Vard Holdings
        85 10 VARD Holdings said two liquefied petroleum gas (LPG) carriers on order from Petrobras Transportes at its 50.5 per cent owned subsidiary yard in Brazil have been cancelled. The carriers were the last two out of an eight-vessel deal valued at US$536 million awarded by Transportes in June 2010,
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      • Article
        Lock icon IPS Securex Holdings
        58 10 IPS Securex Holdings has received a US$64.46 million contract to deliver Hyperspike acoustic hailing devices to a South-east Asian customer by December 2020, the security solutions company announced on Monday before the market opened. The contract is expected to positively contribute to IPS’s earnings and net asset
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      • Article
        Lock icon Ezion Holdings
        59 10 EZION Holdings has tied up with a Chinese state-owned enterprise (SOE) to provide support towards offshore wind power installation along China’s coastal regions. Ezion will provide service rigs and support the SOE in loading, constructing, transporting and installing wind turbine projects. It will also be providing technical expertise
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    • Article
      Lock icon SGX MAINBOARD
      1895 11 Transaction date: Dec 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom vol AAT Day Div GrYld Net MCap High 153 131.5 AIMSAMP Cap Reit Company Sale 175.5 109 ARA Asset Mgmt 110.5 -3.5 682
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    • Article
      Lock icon SGX CATALIST
      367 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 10.1 2.3 t Abundance Intl (’000) High Day LOW Div 25 4.5 t Alliance Mineral 14.8 +1.1 ***** 14.8 13.2 58.3 GrYld Net P/E MCap 35 10 t
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    • Article
      Lock icon SGX ETF
      105 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1090 -23 0 1103 1090 vol 4258 2750 DBXT China50 US$ US2840 -11 0 2842 2840 7.8 High 409 226 DBXT MSBrazil US$ US244
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      134 6 I want to... Take my career to greater heights with a master’s degree. Future Me Vj The University of Nottingham UNITED KINGDOM CHINA MALAYSIA 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
      134 words
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  • THE BUSINESS TIMES RECRUIT Celebrate the Spirit of Giving
    • Article, Illustration
      Lock icon A Glimpse of the Future of Giving
      336 7 The digital age will revolutionise our giving journeys. How will the future of giving look like? Corporate giving and technological advancements will both be crucial to building a community of givers. This was discussed during the dialogue sessions held at the recent Future
      336 words
    • Article, Illustration
      Lock icon Head to Giving.sg to support our influencers’ campaigns!
      482 7 HOSSAN LEONG The work that Caregivers Alliance does is something very close to Hossan Leong’s heart. A lot of people who are caregivers to people who suffer from mental illnesses lack support. He believes that it is important for us to remember
      482 words
    • Article, Illustration
      Lock icon FUNDS NEEDED
      323 7 BOP HUB LTD Fortify Our Workers Due to the lack of cooking facilities and time, foreign migrant workers typically have catered meals. As a result, the nutritional intake of these workers is low and many suffer from micro-nutrient deficiency, or “hidden hunger”. BoP HUB aims to combat this
      323 words
    • Article, Illustration
      Lock icon HANDS NEEDED
      350 7 BEAUTIFUL PEOPLE (BP) Meet and Greet BP is a volunteer movement dedicated to building mentoring relationships that support young women and men. They are seeking warm-hearted Big Brothers and Big Sisters to join their youth on a journey of transformation and growth. Come meet the people who make
      350 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      80 11 SGX== SGX My Gateway Stay informed about Singapore's stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange a This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice
      80 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Sinarmas Land to invest at least 4 trillion rupiah in Batam project
      484 12  -  Nuvasa Bay integrates exclusive residential area with resort facilities and golf course By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT SINGAPORE-LISTED Sinarmas Land has unveiled its development plans for Nuvasa Bay, its first development project that integrates an exclusive residential area
      PHOTO: SINARMAS LAND  -  484 words
    • Article, Illustration
      Lock icon Saudi mall owners continue building despite oil rout
      1155 12 WP Dubai THE highway that cuts through the middle of Riyadh, the Saudi Arabian capital, takes drivers past two shopping malls and another one under construction, each rising up soon after the last fades in the rear-view mirror. The outlets are emblematic
      WP; PHOTO: BLOOMBERG  -  1,155 words
    • Article, Illustration
      Lock icon Central London home prices seen stagnating as buyers ‘give up’
      398 12 BLOOMBERG London THE price of homes in central London will stagnate next year as prospective buyers priced out of the UK capital look for property farther afield, according to property website operator Rightmove. Asking prices in outer London will rise
      BLOOMBERG; PHOTO: REUTERS  -  398 words
    • Article, Illustration
      Lock icon Severe flooding puts damper on Florida Keys
      1006 13 Residents concerned about their property values AFP Key Largo, Florida Keys EXTREME high tides have turned streets into canal-like swamps in the Florida Keys, with armies of mosquitoes and the stench of stagnating water filling the air, and residents worried rising sea levels
      AFP; PHOTO: AFP  -  1,006 words
    • Article
      Lock icon ANZ sees end to Sydney mortgage market shortfall in 5 years
      380 13 BLOOMBERG Sydney AUSTRALIA New Zealand Banking Group’s (ANZ) investments in New South Wales will help end a mortgagemarket share shortfall in the nation’s fastest-growing state economy and its capital of Sydney in about five years, an official for the
      BLOOMBERG  -  380 words
    • Article
      Lock icon Home of best new US restaurant sells for US$4.1m in historic deal
      362 13 WP Washington MANY real estate investors, amateur and professional alike, have tried their hand at buying up old District of Columbia row houses or storefronts in order to fix them up and make a tidy profit in the
      WP  -  362 words
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      95 13 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings EDUCATION ASSET WITH GROWTH POTENTIAL RARE INVESTMENT OPPORTUNITY Tenure: Leasehold 103 years r r 1 m nnri-i M 0 r EXPRESSION OF INTEREST CLOSING TOMORROW AT 3 Site Area: approx. 7,568.8 sqm (81,471
      95 words
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      47 words
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      Lock icon Page 13 Advertisements Column 3
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Citic’s downfall amid market meltdown leads to unease
      1734 14 Bank’s short-selling strategies, cross border swaps, all permitted before, now under scrutiny BLOOMBERG Hong Kong THE FALL from grace for China’s biggest brokerage and investment bank, Citic Securities Co, has been fast and steep. The firm sometimes referred to as the Goldman
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,734 words
    • Article
      Lock icon Women in London’s financial sector expect lower bonuses than men: survey
      520 14 REUTERS London WOMEN working in financial services in London have much lower expectations for their annual bonuses than their male colleagues, reflecting the fact that they are less well represented in more lucrative jobs, a survey has found. Women
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      Lock icon RBS investment bank to see profit after revamp
      850 14 BLOOMBERG London ROYAL Bank of Scotland Group chief executive officer Ross McEwan said the restructuring of the investment bank is “very well advanced” and it will return to profit within four years, as he continues to shrink the division’s global operations to
      BLOOMBERG; PHOTO: BLOOMBERG  -  850 words
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      Lock icon Implementing the Smart City
      2199 15  -  Cities around the world making a difference with varying degrees of success TOWARDS A SMART NATION By Mint Kang The smart city concept is an appealing one that promises to improve people’s lives and spur new business opportunities. Not surprisingly, cities around the world have tried
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      73 14 Triumph overtragedy The nurses had to cover all mirrors and reflective glass in my ward. I was hysterical. When my son saw me for the first time after the attack, he screamed and ran away and said I was a ghost. Annie Siow, nightclub hostess turned social worker. Curl up
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      74 14 ASIA’S LARGEST EDUCATIONAL KIDS’ FAIR 18-20 MARCH 2016 (SCHOOL HOLIDAYS) SINGAPORE EXPO HALL 6 Be a part of SmartKids Asia 2016! CONTACT US NOW! Ms Suhaliana AM *****737 lianaali@sph.com.sg Mr Nicholas Tan *****972 tannich@sph.com.sg Mr Danial Heng *****273 danheng@sph.com.sg ere www.smartkidsasia.com Promote and sell your brand, products and services to
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      124 15 HITACHI Inspire the Tslext "WHAT IF THE TRACKS KEPT ON GOING AND GOING? if Maybe train tracks don't go on forever, but they do need to develop as the cities around them grow. At Hitachi, we believe Social Innovation is key to moving our cities forward. With advanced information technologies,
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  • TECE1NOLOGY
    • Article, Illustration
      Lock icon Qualcomm said to be against break-up of chip, licensing units
      1294 17 Dual structure has long allowed the company to collect royalties on patents BLOOMBERG San Francisco QUALCOMM Inc chief executive officer Steve Mollenkopf is struggling with the chipmaker’s worst stock decline since the financial crisis, dragged down by earnings shortfalls and
      BLOOMBERG; PHOTO: REUTERS  -  1,294 words
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      Lock icon Investors glimpse the future in virtual reality technology
      1076 17 NYT New York MAGIC Leap, a secretive company making wearable technology for mixing digital imagery with the real world, is seeking to raise US$827 million. Jaunt, maker of a 3-D camera for filming virtual reality video, has nabbed a total of US$100
      NYT; PHOTO: REUTERS  -  1,076 words
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      319 17 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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      268 17 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of PINNACLE MOTORS PTE. LTD. (Company Registration No. *****0704K) (In Creditors’ Voluntary Liquidation) Notice of Resolution At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held on the 9th day of
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      269 17 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of SG TYRE MART PTE. LTD. (Company Registration No. *****4211D) (In Creditors’ Voluntary Liquidation) Notice of Resolution At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held on the 9th day
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      130 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER. 50 AND IN THE MATTER OF VIEW LINK TECHNOLOGY PTE. LTD. Registration Number: *****2458C (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of
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      126 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER. 50 AND IN THE MATTER OF MANROLAND SINGAPORE PTE. LTD. Registration Number: *****9300C (In Members’Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the CompaniesAct, Cap. 50 the Final Meeting of the company will
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  • TRANSPORT
    • Article, Illustration
      Lock icon Owners of A380s leased to SIA look for operators
      757 19 SIA must decide by next September whether to extend 10-year leases that expire from 2017, or refurbish the jets to like-new conditions before returning them BLOOMBERG Frankfurt THE owners of five Airbus Group SE A380s leased to Singapore Airlines Ltd (SIA)
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    • Article
      Lock icon ‘Made in Ghana’ Kantanka cars enter tough local market
      412 19 AFP Accra JAPANESE Toyotas, German Mercedes and BMWs, GM cars and trucks from the USA are driven in countries around the world. But in Ghana, an inventor and church leader who started out trying to make voice-controlled television sets is telling
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      Lock icon Boeing 747’s survival depends on a lifeline from Russia
      993 19 BLOOMBERG Chicago TIME is running out for Boeing Co’s iconic 747 jumbo jetliner, the plane that brought global travel to the masses in the 1970s. The storied 747 has fallen from favour in the modern airline industry as carriers turn to
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    • Article
      Lock icon UK may nationalise Rolls-Royce nuclear submarine business: FT
      254 19 REUTERS London THE UK government is considering nationalising the nuclear submarine business of Rolls-Royce Holdings PLC, which powers its Trident missile deterrent system, the Financial Times reported. The government may also decide to merge some or all parts of RollsRoyce’s businesses with
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      Lock icon Renault-Nissan pact only roadside repairs
      392 19  -  REUTERS BREAKINGVIEWS By Quentin Webb Hong Kong THE changes to Renault and Nissan’s partnership look like running repairs. A new pact curbs France’s growing power at Renault, and limits the French carmaker’s sway over its Japanese affiliate. It ends months of distracting to-and-fro over the
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    • Article
      Lock icon SHIPPING TIMES
      792 24 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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  • GOVERNMENT & ECONOMY
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      Lock icon Countries face tough task of getting industries to act on climate accord
      1190 20 Record of govt and corporate actions is so far mixed as officials and top execs gear up to meet the challenge NYT New York WITH the ink barely dry on a landmark climate accord, nations now face an
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      Lock icon Vietnam’s urban migration leading to packed cities, empty villages
      864 20 AFP Hanoi WHEN Vu Thi Linh moved her family from their spacious rural home to a tiny rented room in Hanoi, she hoped her children would be able to get the education she never had. The Linhs are among hundreds of
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    • Article
      Lock icon US extends focus to media companies in widening Fifa probe
      618 21 Prosecutors intensify focus on whether broadcasters know about bribes REUTERS New York A SPORTS marketing company that was described in a sweeping indictment this month as retaining contracts because of the “support” of corrupt soccer officials has longstanding ties to
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    • Article
      Lock icon KL’s 2016 fiscal deficit target ‘a stretch’
      603 21  -  As growth slows amid ringgit’s significant depreciation, the 3.1% forecast could widen to 3.5%, say analysts By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA is expected to achieve its fiscal deficit forecast of 3.2 per cent of gross domestic product (GDP) for this year,
      603 words
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      Lock icon Billionaire head of China’s Fosun re-emerges after ‘disappearance’
      548 21 AFP Beijing THE billionaire chairman of Fosun Group, one of China’s biggest private-ly-held conglomerates, re-emerged on Monday after he disappeared from public view in connection with an investigation by the authorities, Chinese media said. Guo Guangchang, dubbed “China’s Warren Buffett”, attended Fosun
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      Lock icon 13 women win municipal seats in historic Saudi vote
      626 21 AFP Riyadh AT LEAST 13 women won municipal council seats in Saudi Arabia’s first ever election open to female voters and candidates, officials said on Sunday, far exceeding expectations in the ultra-conservative kingdom. “Even if it was only one woman, we’re
      AFP  -  626 words
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      10 20 y www.omy.sg ®Ej&0 SCAN a WATCH Ej&E more showbiz.omy.sg 0^
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      50 20 HOT PROPERTY MY VILLAGE S'goon Garden 237-1292 sf. All Trades. F&B Medi Pedi, Eyewear, Retail, Pharmacy, etc. THE ADELPHI RETAIL Space Level 1. 500sf. Good frontage. Avail immed. View by appt. LOOKING FOR A SHOP SPACE TO RENT? Check out these properties and more in The Straits Times Classified now!
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      18 20 Number of firms on MAS Investor Alert List doublesto35 thisyear To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      384 21 NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF COSSPA FAR EAST PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****2514H NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 7
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      24 21 Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • OPINION
    • Article
      Lock icon Trump turns foes into allies; and may turn partners into adversaries
      559 22 EDITORIAL SO how can you get Democratic presidential candidate Hillary Clinton and former Republican vicepresident Dick Cheney to agree on something? Republican presidential candidate Donald Trump has a plan. Say something so outrageous that it will ensure that your
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      Lock icon Hope from Paris
      854 22  -  THE BOTTOM LINE By Paul Krugman NYT DID the Paris climate accord save civilisation? Maybe. That may not sound like a ringing endorsement, but it’s actually the best climate news we’ve had in a very long time. This agreement could still follow the path of the 1997
      NYT  -  854 words
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      Lock icon A shot in the arm to fight global warming
      1100 22  -  While a crucial framework is now in place, we will need commitment to the longer journey ahead in order to bring the Paris deal to its conclusion. BY JOHN PRESCOTT AND ANDREW HAMMOND conclusion.BY JOHN PRESCOTT, ANDREW HAMMOND T Lord Prescott
      PHOTO: REUTERS  -  1,100 words
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      Lock icon America must bring the corporate tax exiles home
      976 23  -  COMMENTARY By Carl C Icahn TThe writer is the chairman of Icahn Enterprises THE Pfizer-Allergan deal is a travesty. Pfizer, which is based in New York, will move overseas by merging with Allergan, based in Ireland, in a manoeuvre known as a
      976 words
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      Lock icon Europe’s only hope for sustained growth is to boost productivity
      847 23  -  COMMENTARY By Michael Heise T The writer is chief economist of Allianz SE and the author of Emerging From the Euro Debt Crisis: Making the Single Currency work Munich AS economic recovery finally begins to take hold in Europe, the
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      Lock icon What has gone wrong with the so-called ‘emerging markets’?
      1042 23  -  They’ve slowed sharply; a sudden stop in Wall St’s love affair with them may slow them even further By Anthony Rowley Tokyo IS there a difference between an “emerging market” and an emerging economy or developing country, and does it matter
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      216 24 PLACE YOUR AD HERE r THE BUSINESS TIMES Shipping times CALL JOB WO IMG AT 9620 1327 urgently needed fc>y shippers Can they find your services here in -the Shipping Times'? ADVERTISE, CALI IOE WONG AT 9620 1 nm business times S PING TIMES Announce Your Corporate Development Come publicise
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  • LIFE & CULTURE
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      Lock icon Meet the woman who dresses Hollywood’s leading men
      977 25 Weston’s clients wear what she suggests; her approach has also garnered the attention of menswear brands NYT New York THE stylist Ashley Weston moved quickly around the eighth-floor suite of the London West Hollywood hotel the other day, pinning and tucking the
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      Lock icon Shift in US parents’ roles: study
      1053 25 NYT New York EVEN though 70 per cent of mothers and 93 per cent of fathers have jobs, Americans’ attitudes about working parents mothers as caregivers, fathers as breadwinners have been remarkably slow to change. New research, though, reveals a shift. Not only do
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      Lock icon Golf: Europe-Asia merger is the ‘only way forward’
      511 25 AFP Chon Buri, Thailand EUROPEAN Tour veteran Thomas Bjorn has described a proposed merger with the Asian Tour as “the only way forward”, despite concern among some Asian players. Mr Bjorn, who is chairman of the European Tour’s tournament committee which represents
      AFP  -  511 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      320 25 CRYPTIC CROSSWORD Across 1 Reverse the charge? (7-6) 10 Dazed American general in retreat, and encircled (7) 11 Very involved psychological state (7) 12 Try to listen! (4) 13 Old hat found in bar by a lake (5) 14 Look for an equal (4) 17 Kissed perhaps what starts usually
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  • SME
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      Lock icon Building dreams
      1390 26  -  Prime Structures Engineering prides itself on materialising the lofty dreams of architects at an accessible rate. BY VIVIEN SHIAO BY VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT ONE of the most photographed backdrops in Singapore has to be the visually arresting Marina Bay Sands SkyPark, with its unmistakable ship-like platform floating
      PHOTO: LAURA NG  -  1,390 words
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      264 26 Performance Motors Limited pml-bmw.com.sg Sheer Driving Pleasure FOR THOSE WHO LOVE THRILLS, HERE IS THE PERFECT CHRISTMAS GIFT. THE BMW 3 SERIES SPORT LINE AND BMW 5 SERIES EDITION SPORT PRO PRICED FROM $169,800*. Power up this festive season. And be jolly on the road for all seasons. For a
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