The Business Times, 18 December 2015
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2015-12-18
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The Business Times
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Title Section36 2015-12-18 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 Friday. December 18. 201536 words
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Article, Illustration232 2015-12-18 1 The key three-month Sibor or Singapore interbank offered rate barely moves, rising a tiny 0.001 point to 1.***** per cent from Wednesday, following the overnight rate hike in the US. TOP STORIES 2 Global initial public offerings raise 25 per cent less money in 2015 with the Asia-Pacific232 words
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Article, Illustration1276 2015-12-18 1 Cai Haoxiang - investors fret about rates going up faster than expected, but optimists say Fed will eye global conditions By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore ASIAN markets rallied on Thursday after the US Federal Reserve made a historic and widely anticipated moveSource: Bloomberg - 1,276 words
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Article28 2015-12-18 1 MARKETS Thursday Change STI 2,861.18 +20.26 KL COMP 1,656.52 +22.39 NIKKEI 225 19,353.56 +303.65 HANG SENG 21,872.06 +170.85 SHENZHEN B 1,302.50 +13.60 DOW (9.30am EST) 17,777.75 +28.6628 words
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640 2015-12-18 1 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THERE were clearly still no sign that Singapore’s exports have turned the corner as its key non-oil domestic shipments in November slipped 3.3 per cent year on year. According to private-sector economists, non-oil domestic exports (NODX)640 words
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Page 1 Advertisements
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Advertisement82 2015-12-18 1 8 "*****1 *****4 JOHOR PROJECT Developer aims for zero environmental impact during reclamation REAL ESTATE 15 PiageT Perfection in Life .v. y v SgjjBi 5 m r T. WF*ri mm t The City, London Piaget Altiplano 900P, The world’s thinnest mechanical watch: 3.65 mm, a total fusion between Manufacture-made case82 words
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Advertisement25 2015-12-18 1 H1 2016 GOVT LAND SALES Balancing act to calibrate supply top stories 4 NEWS ANALYSIS Major M&A wave unlikely in container shipping COMPANIES MARKETS 825 words
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Advertisement9 2015-12-18 1 AUSTRALIA’S 'HIPPEST CITY' Brisbane, city of art LIFESTYLE 269 words
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Advertisement8 2015-12-18 1 More Fed hike reports on Pages 2, 3,188 words
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TOP STORIES
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Article, Illustration930 2015-12-18 2 Rob Curran - The rally is in some ways a vindication of the Fed’s policy manoeuvres since the financial crisis FED HIKE By Rob Curran btworld@sph.com.sg IF THE outbreak of World War II traditionally closes the chapter on the Great Depression in economic history books, the FederalPHOTO: REUTERS - 930 words
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Article, Illustration676 2015-12-18 2 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE key three-month Sibor or Singapore interbank offered rate barely moved on Thursday, rising a tiny 0.001 percentage point to 1.***** per cent from Wednesday’s 1.***** per cent, following the overnight rateSource: Bloomberg - 676 words
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Article, Illustration155 2015-12-18 2 MELISSA TAN - And so it begins. As was widely expected, the US Federal Reserve hiked rates on Wednesday for the first time in nine years, marking an end to nearly a decade of quantitative easing. The Business Times looks at some effects of rising interest rates. BY MELISSA TAN BT Explains155 words
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Article, Illustration685 2015-12-18 3 The US Federal Reserve’s first interest rate hike in almost a decade on Wednesday was widely anticipated. Here are some of the market reactions to the move, which raised the range of its benchmark interest rate by a quarter of a point toPHOTO: REUTERS - 685 words
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Article, Illustration1298 2015-12-18 4 Lynette Khoo - District 9 residential site stands out on Confirmed List while EC site surprises consultants By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE government is making sure it doesn’t worsen an oversupply situation in the residential and commercial property sectors,Source: MND BT Graphics; Source: URA, OrangeTee Research - 1,298 words
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Article, Illustration587 2015-12-18 4 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur AS global oil prices continued to slip to the US$37 a barrel mark, Minister in the Prime Minister’s Department Wahid Omar indicated on Thursday a review of Malaysia’s Budget 2016 was inevitable givenPHOTO: REUTERS - 587 words
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552 2015-12-18 4 Vivien Shiao - By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore SINGAPORE is fourth in the world when it comes to enabling youth economic progress, according to an Economist Intelligence Unit (EIU) report commissioned by Citi Foundation. Coming behind Toronto, New York and Chicago, Singapore552 words
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Page 2 Advertisements
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Advertisement35 2015-12-18 2 Solar Factory Outlet l Singapore's largest solar retailer; is having a Christmas launch All solar panels and solar powered systems are discounted up to 50% off. Please contact 9117 9543 or email solar@sfo.com.sg for enquiries.35 words
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Advertisement26 2015-12-18 3 rvQeF LEGACY MACHINE N°2 18K RED GOLD WWW.MBANDF.COM <-< m •/VSf. i am nm ijf. i4m If m i mt a m i THE HOURGLASS SINGAPORE WWW.THEHOURGLASS.COM26 words
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COMPANIES & MARKETS
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577 2015-12-18 5 Kenneth Lim - The Asia-Pac region accounted for 46% of all IPO proceeds raised in 2015; US proceeds fell 65% to US$33.3b By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GLOBAL initial public offerings raised 25 per cent less money in 2015 with577 words
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Article, Illustration330 2015-12-18 5 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) will add capacity to cities such as Bangkok, Colombo and Milan next year to cater to travel demand. The airline said in a release on Thursday that it will mount a sixth330 words
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CORPORATE DIGEST
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Article74 2015-12-18 5 IPC Corp plans to pay out S$1.60 per share as part of a capital reduction exercise after the company completed the 14.9 billion yen (S$172.2 million) sale of seven hotels in Japan. The hotels’ sale was completed on Thursday, said IPC, a property investment and development company. Net74 words
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Article69 2015-12-18 5 EZRA Holdings has agreed to buy subsidiary Emas Offshore’s entire 12.13 per cent stake in Malaysia-listed Perisai Petroleum Teknologi for US$56 million, a 500 per cent premium to the shares’ market value, Emas announced late on Wednesday. Emas said its stake in Perisai is worth US$11 million based69 words
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Article157 2015-12-18 5 TRENDLINES’ medical incubator subsidiary has taken substantial but minority stakes in two early-stage medical companies and received an eight-year extension from the Israeli government for its incubator franchise. Trendlines Medical Misgav took a 48.8 per cent stake in Tandem Technologies, a business aimed at improving the process of157 words
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Article52 2015-12-18 5 MAINBOARD-LISTED Singapore Myanmar Investco (SMI), a diversified business group focused on Myanmar, has entered into an equally held joint venture with Tokyo-listed logistics services company, Senko Co. Together, they will set up and run a Singapore company, SMI-Senko Logistics Pte Ltd, to provide logistics and warehousing services52 words
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Article67 2015-12-18 5 FRASERS Centrepoint Ltd (FCL) on Thursday said shareholders of Thailand-listed Golden Land Property Development approved the group’s proposed 4.97 billion baht (S$195 million) investment in Golden Land at an extraordinary general meeting. The shareholders also granted a whitewash approval to waive FCL from having to make a mandatory67 words
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Article49 2015-12-18 5 TRIYARDS on Thursday announced contracts worth US$45.5 million. One of them involves building a scientific research vessel for Taiwan Ocean Research Institute, National Applied Research Laboratories, a Taiwan government agency. The other orders include two 26-metre wind farm crew transfer vessels and a 36-metre high-speed passenger ferry.49 words
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Article, Illustration679 2015-12-18 6 R Sivanithy - One economist says markets are underestimating the potential for a sequence of rate hikes over the next couple of years STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE US Federal Reserve did what was expected of it when it raised its short-term interestSource: Bloomberg - 679 words
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Article305 2015-12-18 6 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 xd unch 226/222 271 213 6.5 5701.6 CapitaLand 326 +2 330/321 379 267 11.9 2.8 *****.8 CapitaMall Trust 193 +1.5 193/190 228 184.5 5.6 6707.3 CityDev 754 -14 771/752 1095 695305 words
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Article35 2015-12-18 6 VOLUME Addvalue Tech 43,593,300 Golden Agri-Res 35,089,200 Singtel 33,768,700 Noble 24,950,600 MMP Resources 21,049,000 Market volume 1,118,470,000 VALUE Singtel 128,063,429 DBS Grp 84,531,356 UOB 59,684,799 CapitaLand 56,017,859 OCBC Bank 45,945,533 Market value 1,065,303,00035 words
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Article111 2015-12-18 6 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 292 +2 440 293/290 355/280 292/293 DBXT MSBrazil US$ US243 240 243/239 409/226 243/244 DBXT MSCHINA US$ US1246 +9 65 1247/1236 1750/1151 1245/1250 IS MS INDIA US$ US666 +11 54 666/651 1000/639 666/669 83.3111 words
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Article77 2015-12-18 6 Dec 17 VALUE CLOSE BT OB/OS -566.00 +67.00 BT CADI -*****.00 +41.00 BT 10-day MA -*****.00 -57.00 FTSE ST Mid Cap 663.03 +2.92 FTSE ST Small Cap 397.52 +2.39 FTSE ST All Share 687.48 +3.86 FTSE ST China Top 167.69 +0.50 FTSE ST China 205.04 +1.50 FTSE77 words
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Article, Illustration35 2015-12-18 6 STI FTSE ST All-Share ftse ST All-Share index Dec 17,2015 687.48 +3.86 (+0.56%) Current streak 2 days Day high 688.81 Day low 682.20 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)35 words
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Article, Illustration33 2015-12-18 6 STI MSCI EAFE MSCI EAFE index Dec 16,2015 1,693.54 +19.19 (+1.15%) Current streak 2 days Day high 1,701.99 Day low 1,675.62 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)33 words
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Article186 2015-12-18 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 1 3 1 0 0 11 1 3 Manufacturing 47 30 24 7 7 12 54 37 36 Commerce 15 15 15 6 3 5 21 18 20 Tpt/Stor/Comms 21 6 10186 words
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Article124 2015-12-18 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,411 3,978 23,389 63,334 1,279 64,613 Manufacturing 121,235 33,287 154,522 109,767 3,853 113,619 Commerce 60,478 29,457 89,935 80,221 1,238 81,459 Tpt/Stor/Comms 113,397 99 113,496 229,295 8 229,303 Finance 29,026 4 29,030 206,061 206,062 Construction 26,043124 words
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Article80 2015-12-18 6 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 588.0 2.1 *****/***** DBXT STGLDv US$ 2912 94.7 2.4 3302/2776 DBXT MSINDO us$ 1138 53.7 3.5 1492/911 IS MS INDIA S$D 942 39.0 4.3 1116/903 DBXT Vietnam US$ 2235 38.2 1.2 2786/2139 BY PERCENTAGE CLOSE UP 52w high/low Elektromotive80 words
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Article73 2015-12-18 6 BY CENTS CLOSE DOWN 52w high/low JMH USD 4603 -120.1 -1.8 6788/4500 DBXT S&PShort US$ 2107 -69.3 -2.3 2393/2086 Lyxor AsiaRE US$ 850 -59.4 -4.7 1114/787 Jardine C&C 3450 -30.0 -0.9 4258/2636 China Flexpack 36 -14.0 -28.0 420/36 BY PERCENTAGE CLOSE DOWN 52w high/low ChasenHldg W*****0 0.1 -80.0 -0.473 words
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Article83 2015-12-18 6 VOL CLOSE($) CHANGE China Flexpack 7.0 0.360 -0.140 -28.00 USP Group 8,781.8 0.060 +0.010 +20.00 PNE Micron 7,230.0 0.030 -0.007 -18.92 Samko Timber 14,160.0 0.109 -0.009 -7.63 Fuji Offset 18.6 0.250 -0.050 -16.67 SingaporeKitchen 1.9 0.123 +0.020 +19.42 Singapore-eDev 701.0 0.042 +0.007 +20.00 Enviro-Hub 6,220.5 0.075 -0.010 -11.7783 words
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Article513 2015-12-18 6 Melissa Tan - Compiled by Melissa Tan Singapore Exchange|Buy Dec 17 close: S$7.67 Target price: S$8.13 RHB Research, Dec 16 WE noticed a month-on-month recovery in derivatives average daily contracts for November 2015; the derivatives revenue share is a significant 41 per cent. The recent average daily value for securities is513 words
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451 2015-12-18 7 CURRENCIES REUTERS London THE US dollar hit a two-week high against a basket of major rivals on Thursday after the US Federal Reserve raised interest rates for the first time in almost a decade and signalled four more hikes are to comeREUTERS - 451 words
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FOREX RATES
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Article471 2015-12-18 7 Dec 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 4.661 0.662 5.573 47.921 100.937 0.880 8.475 3.112 1.068 75.338 34.065 1.017 10.787 0.716 23.595 25.929 0.481 0.719 Canada 1.007 4.695471 words
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Article22 2015-12-18 7 Dec 17 S$ Bid Offer 1-month 1.4148 1.4159 2-months 1.4162 1.4175 3-months 1.4174 1.4191 6-months 1.4193 1.4213 Source: OCBC22 words
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Article155 2015-12-18 7 Dec 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0160 1.0173 0.7188 0.7193 Canadian dollar 1.0235 1.0247 0.7245 0.7242 Euro 1.5341 1.5355 1.0854 1.0857 NZ dollar 0.9514 0.9524 0.6731 0.6734 Sterling pound 2.1111 2.1132 1.4936 1.4942155 words
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EQUITY BONDS WARRANTS FUTURES
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207 2015-12-18 7 Most active Dec 17 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ntegrator Intl Ltd W*****3 0.3 unch ***** 1 1 4.33 35 STI 3100 MB eCW*****9 2.5 0.2 8965 0.0 2 Rowsley Ltd W*****3 3.1 0.1 7124 1207 words
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365 2015-12-18 7 In local curr In S$ In US$ dy yr dy yr dy yr Dec 16 Index Change Change Change Change Change Change World Preliminary 1270.5 0.6 -0.4 0.6 3.0 0.5 -3.2 EAFE Preliminary 996.6 1.1 1.0 1.2 1.4 1.1 -4.6 Europe Preliminary 1386.9 0.4 0.4365 words
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Article398 2015-12-18 7 Dec 17 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.00 *****.50 *****.50 *****.50 *****6 *****2 Jan16 *****.00 *****.00 *****.50 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Jun16 *****.00 *****.00 *****.00 *****.00 337 273 MSCI TAIWAN398 words
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BANK RATES
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Article154 2015-12-18 7 Dec 17 $S Offer Bid 0vernight 0.10 Par 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: N.A. US$ Offer Bid 7 days 0.40 0.30 1 month 0.40 0.30 2 months 0.50 0.30 3 months 0.60 0.40 6 months 0.85 0.65 9 months 1.05 0.85 12154 words
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Article67 2015-12-18 7 Dec 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.65 100.74 100.66 5-Year N*****0S 2.000 01-Jul-20 100.66 10-Year NX*****Z 2.375 01-Jun-25 98.97 99.05 98.30 15-Year NZ*****F 2.875 01-Sep-30 101.07 101.17 100.85 20-Year NZ*****V 3.375 01-Sep-33 107.61 107.35 106.5067 words
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AGRI METALS ENERGY
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Article193 2015-12-18 7 Dec-16 Price Net change change Last Trade Agricultural Dec-16 CBOT Soybeans (US cents/bu) 862.50 -4.75 -0.55% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.37 -0.33 -1.07% 14/01/2016 CBOT Wheat (US cents/bu) 483.50 -10.75 -2.18% 14/03/2016 Dec-16 LIFFE Cocoa (£/tonne) 2262.00 -24.00 -1.05% 14/03/2016 LIFFE Coffee (US$/tonne) 1486.00 6.00 0.41%193 words
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Article57 2015-12-18 7 Dec 17 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 16 2194.0 2224.0 2216.0 2190.0 203 8772 Feb 16 2310.0 2325.0 2328.0 2295.0 6169 ***** Mar 16 2390.0 2403.0 2405.0 2369.0 ***** ***** Apr 16 2432.0 2447.057 words
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855 2015-12-18 8 Tan Hwee Hwee - NEW ANALYSIS By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT MUCH has been said of how the fragmented container shipping industry would crave for further consolidation following news on two major mergers and acquisitions in the sector, but the signs are there that855 words
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Article, Illustration389 2015-12-18 8 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CITY Developments’ London-listed hotel unit Millennium Copthorne Hotels (M&C) has teamed up with Ambassador Theatre Group (ATG) to reopen the old Hudson Theatre in New York for Broadway productions under the terms of a lease agreement. Located389 words
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749 2015-12-18 8 AFP Shanghai THE disappearance of Fosun chief Guo Guangchang, dubbed China’s Warren Buffett, has stoked fear among captains of industry who thought good behaviour and loyalty could protect them from Beijing’s ever-expanding anti-graft campaign. Mr Guo, the billionaire chairman of Fosun InternationalAFP - 749 words
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394 2015-12-18 8 R Sivanithy - By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore DBS Vickers (DBSV) has been named top local broker for the 11th consecutive year in Asiamoney’s annual brokerage poll, with Maybank Kim Eng occupying the runner-up spot and RHB-OSK coming in third. “We are394 words
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578 2015-12-18 8 BLOOMBERG Taipei INVESCO Ltd and UBS Asset Management aren’t adding to their holdings of Asian local-currency sovereign bonds for the time being as they see yields in most markets rising in tandem with US Treasuries. Five-year US yields climbed to a six-month highBLOOMBERG - 578 words
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Article1766 2015-12-18 9 Transaction date: Dec 17 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net 153 131.5 AIMSAMP Cap Reit 135 +0.5 204 136.5 135 1 8.2 856.8 High 175.5 109 ARA Asset Mgmt 114.51,766 words
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Article363 2015-12-18 9 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale +7vol ('000) High 3.6 1.1 t Adventus Low Div 25 4.5 t Alliance Mineral 14 -0.7 ***** 14.9 13.9 55.2 GrYld 10.1 4.3 t Artivision Tech P/E 15.5363 words
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Article119 2015-12-18 9 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last sale vol 4258 2750 DBXT China50 US$ US2947 +25 12 2947 2918 8.1 High 409 226 DBXT MSBrazil US$ US243 240 243 239 1750 1151 DBXT MSCHINA US$ US1246119 words
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Page 5 Advertisements
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Advertisement72 2015-12-18 5 Connecting skies. Powering ports. Made possible by QBE. i r s i V* 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 the rest of the world. For 125 years we’ve risen72 words
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Page 9 Advertisements
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Advertisement79 2015-12-18 9 SG Effective asset allocation Achieve a diversified portfolio with ETFs that offer you access to stocks, bonds and commodities. Find out more at sgx.com/etf Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or79 words
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BANKING & FINANCE
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Article, Illustration605 2015-12-18 10 It will boost revenues at local banks, brokers and lure more companies to the stock market, say analysts REUTERS Hong Kong CHINA’S landmark decision this month to implement a US-style registration system for stock listings will boost revenues atREUTERS; PHOTO: REUTERS - 605 words
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420 2015-12-18 10 REUTERS Washington THE risks to US banks associated with loose underwriting standards are increasing, the federal Office of the Comptroller of the Currency said in a report released on Wednesday, as the Federal Reserve raised interest rates for the first timeREUTERS - 420 words
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Article, Illustration400 2015-12-18 10 BLOOMBERG Copenhagen SOME of Sweden’s biggest banks have set themselves a target of returning about three quarters of their profits to shareholders. But new rules on how to calculate capital burdens, as well as weak earnings, mean they now probably won’t be ableBLOOMBERG; PHOTO: BLOOMBERG - 400 words
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497 2015-12-18 10 NYT New York BATS Global Markets is making a second attempt at a public stock offering three years after a technology problem forced it to stay private. Since then, BATS has faced new competitive threats and increasing regulatory scrutiny of the role ofNYT - 497 words
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Page 10 Advertisements
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Advertisement81 2015-12-18 10 Triumph over tragedy 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. Curl81 words
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Advertisement28 2015-12-18 10 Capitalize opportunities in the market using CFDs regardless of bull or bear market Open a new CFD trading account and enjoy 50% commission rebate* *Terms and conditions apply28 words
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Advertisement55 2015-12-18 10 OWN A COPY OF OUR COVERAGE news POST Here’s how you can purchase the materials in3 simple steps. news POST If you are reading the article online, click below the article or visit www.sphdigital.com/newspost Complete and submit the News Post Enquiry Form. SPH will email the necessary copyright fees license55 words
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ENERGY & COMMODITIES
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Article, Illustration1142 2015-12-18 11 Beijing faces test of whether it can head off labour discontent in a slowing economy NYT Hegang, china IN the dank shower room where the miners soak, the coal dust from their bodies staining the water chocolate, a lone worker sat smokingNYT; PHOTO: REUTERS - 1,142 words
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733 2015-12-18 11 BLOOMBERG Chicago US SHALE drillers will soon be able to sell their oil all over the world. Too bad no one needs it right now. A congressional deal to lift the 1970s-era prohibition on shipping crude overseas hasBLOOMBERG - 733 words
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239 2015-12-18 11 BLOOMBERG Singapore GOLDMAN Sachs Group Inc took the axe to its iron ore forecasts, predicting that the price will remain under US$40 a tonne for the next three years as China’s slowdown forces the global industry into a long period of hibernation. Iron oreBLOOMBERG - 239 words
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Page 11 Advertisements
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Advertisement802 2015-12-18 11 NOTICES Company Registration No. *****0476M TENDER NOTICE SPH Magazines Pte Ltd (“SPH Magazines”) invites tenders for the provision of event management services for the Shape Run 2016 for a period of 6 months with effect from February 2016. Event to take place in 3rd quarter of 2016. Eligibility Criteria: 1.802 words
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TECHNOLOGY
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983 2015-12-18 12 Move emulates rival Asian messaging apps that can be used to hail a car, shop for games, buy virtual stickers NYT New York FOR years, Asia’s technology giants have been one step ahead of Western companies in how they treat messaging apps. Instead ofNYT - 983 words
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Article, Illustration682 2015-12-18 12 BLOOMBERG San Francisco ORACLE Corp’s push into the cloud is making progress, but investors will need to be patient before there’s a return to revenue growth. While the cloud-based business posted a sales increase of 26 per cent,BLOOMBERG; PHOTO: BLOOMBERG - 682 words
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643 2015-12-18 12 NYT New York GOOGLE released the top search terms of the year on Wednesday, accompanied by a video stitched together from inspiring clips: France’s response to the Paris attacks, refugees navigating their way to safe haven and an adult lion bathingNYT - 643 words
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Page 12 Advertisements
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Advertisement72 2015-12-18 12 11 1C FACILITIES MANAGEMENT i I SOLUTIONS EXPO 2016 LEADING REGIONAL JsSSSl FACILITIES MANAGEMENT EXHIBITION Centre, Hall A, Singapore 10am-6pm (26-27 Apr) 110am-5pm (28 Apr) J v Redefining Faeilitiesji -S V/ Managentent! T j PREMIUM SPACES AVAILABLE! Contact us today at fmse@sph.com.sg or call +65 6590 3415 Visit www.fmse.com.sg for72 words
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Advertisement22 2015-12-18 12 Milk The Straits Times Recruit for the freshest collection of jobs every day! To advertise, call The Straits Times Recruit Hotline: 1800-*****2222 words
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Advertisement18 2015-12-18 12 www.omy.sg SBHUd* D.I.Y. ■fue 3 f •4 -ev; y BifijB t k ftl. SCAN a WATCH more @lifestyle.omy.sg18 words
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Advertisement30 2015-12-18 12 SELL YOUR CAR BY BIDDING RECEIVE HIGHEST SELLING PRICE IN 1 WORKING DAY Call us now for a FREE Car Valuation 6744 7571 ONLINE BIDDING BYOVER 300 USEDCAR DEALERS! www.sgcarmart.com/quotz30 words
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CONSUMER
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Article, Illustration580 2015-12-18 13 Lee U-wen - increase shows that consumers still place importance on gift-giving at this time and on celebrating relationships By Lee U-wen leeuwen@sph.com.sg @LeeUwenBT Singapore SHOPPERS in Singapore are likely to spend more this year on their Christmas gifts despite the cautiousPHOTO: DESMOND WEE/THE STRAITS TIMES - 580 words
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578 2015-12-18 13 AFP New York INTERNET radio leader Pandora was ordered on Wednesday to pay 21 per cent more in royalties to record labels, a modest increase that the company hoped would allow growth. Industry watchers had been closely watching the USAFP - 578 words
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Page 13 Advertisements
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Advertisement860 2015-12-18 13 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 l860 words
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Advertisement213 2015-12-18 13 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ONE PACIFIC PARTNERS HOLDING PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****7808G WRITTEN RESOLUTIONS OF SINGLE MEMBER COMPANY PURSUANT TO SECTION 184G OF THE COMPANIES ACT (CAP. 50) NOTICE IS HEREBY GIVEN THAT THE213 words
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Advertisement961 2015-12-18 13 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF BLAKE HOLDINGS PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****4132H NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 7 SHENTON WAY,961 words
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Advertisement546 2015-12-18 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BIKARA PRIVATE LIMITED (Registration No. *****9414H) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6) of the Companies546 words
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TRANSPORT
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914 2015-12-18 14 EU probes misuse of low-interest loans; development bank suspends funds for factory NYT Frankfurt VOLKSWAGEN’S legal and financial problems deepened on Wednesday, as the European Union’s anti-fraud office said that it had opened an investigation into whether the carmaker had misused hundreds of millions ofNYT - 914 words
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Article, Illustration210 2015-12-18 14 BLOOMBERG Singapore A VESSEL carrying 560 tonnes of bunker fuel sank after a collision with a chemical tanker in the Singapore Strait late on Wednesday, the Maritime and Port Authority of Singapore (MPA) said. Shipping traffic in the waterway remains undisrupted and thereBLOOMBERG; PHOTO: ANTARA FOTO - 210 words
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379 2015-12-18 14 REUTERS Luxembourg AIR France-KLM and 10 other airlines have won a challenge against almost 800 million euros (S$ 1.2 billion) in fines for fixing air freight charges after Europe’s second highest court said that it had found contradictions in the EUREUTERS - 379 words
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Article2150 2015-12-18 19 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 BRIGHT STATE 118 40 122 24/12 25/12 29/12 EMERALD CORAL 095 60 27/12 29/12 2/1 4/12,150 words
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Page 14 Advertisements
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Advertisement231 2015-12-18 14 Topics Speakers Date: Saturday Sunday 23 24 January 2016 Day 1 Saturday, 23 Jan 2016 Global Residential Property Market Outlook 2016 Nicholas Holt Asia Pacific Head of Research, Knight Frank Asia Pacific The next stage for Iskandar Malaysia and Malacca looking into the future Ishmael Ho CEO, Ho Chin Soon231 words
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REAL ESTATE
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Article, Illustration988 2015-12-18 15 Lynette Khoo - Country Garden says it’ll do everything possible to ensure zero impact to surrounding areas during reclamation By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AS far as Chinese developer Country Garden is concerned, no effort is spared to turn Forest City, a mega project in988 words
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Article, Illustration636 2015-12-18 16 Kalpana Rashiwala - Jongro Place, a 14-storey Grade A office building in CBD, was recently acquired by the new fund for S$289.6m By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore ASCENDAS’ fully owned subsidiary Ascendas Asset Management Co Ltd has launched its fifth office636 words
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487 2015-12-18 16 REUTERS BLOOMBERG Washington SOME casino and hotel companies including Caesars Entertainment and Hilton Worldwide Holdings are expected to get a reprieve from a proposal to curb real estate investment trusts, or Reits. An earlier version of the US$650 billionREUTERS; BLOOMBERG - 487 words
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Page 15 Advertisements
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Advertisement26 2015-12-18 15 Get rid of the new neighbours Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 998826 words
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Advertisement220 2015-12-18 15 p\ '-zzzrsz: kr-isaps tm 1 l l 1 .A to.a Successful Lea^ersHig? If’ t *gfr. 3*0 <7^ A lb to i **rnOLpl naf-r il.il! H fi Discovefvthe science and technique inspire arid t fttfcasss greateriresultslforithe company. 'Ur I Y fS jd |M lrg££l °oo k 21 22 Jan 2016 SPH220 words
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Page 16 Advertisements
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Advertisement187 2015-12-18 16 The Business Times Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SANDY ISLAND Sandy Island Waterfront Villa Award winning design! 7750 sqft 5 bdrms ensuite. Gourmet kitchen. Private berth. Asking $16M! Call Leon 9006 8365 Visit SRX.com.sg code 3844187 words
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Advertisement148 2015-12-18 16 D17 HOUSE FOR SALE CHANGI GROVE Freehold 3-storey corner terrace. 5 rooms 4 baths. 2233/ 2624 sq ft. 4 years new renovation. Bungalow enclave. Ample parking. Kristy 9455-1008 DTZ D19 HOUSE FOR SALE BROCKHAMPTON DRIVE Open House 2 to 5pm 2.5-storey Brand New. State of Art. 2800/ 4500 sqft. Spacious148 words
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Advertisement155 2015-12-18 16 D28 APARTMENT FOR SALE JACELYN CHOW 9006 2500 SELETAR PARK RESIDENCE Star buy! Fr $1.08M. Just TOP 2rm. 1012 sqft. Patio Lovers. Privacy. Luxurious. SCDA Designs. Landed enclave. Jln Kayu eateries. AMK/ YCK MRT. 3/4 rm/ PH. SRX.com.sg Code 1301 D10 HOUSE FOR RENT DUCHESS ROAD 83 Duchess Road. Ramp155 words
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Advertisement133 2015-12-18 16 D15 HOUSE FOR RENT TANJONG KATONG Newly renovated, Corner Terrace 7 bedroom $5XXX only! Quiet and convenient. Lufei 9820-6482 D03 APARTMENT FOR RENT 279 OUTRAM RD. Brand new pte rm, S*****6. F/furn with aircon attached toilet. Near Outram Tiong Bahru MRT mkt, shpg ctrs,bus stop. Min 6 mths lease. Immed.133 words
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Page 17 Advertisements
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Advertisement265 2015-12-18 17 D11 APARTMENT FOR RENT MULBERRY TREE CONDO 167 Moulmein Rd, S*****2. Penthouse 1270sf. F/furn, 2 rms duplex. Very near Novena MRT, Shpg Ctrs Tan Tock Seng Hospital. YKI 6848 4666 (24 Hrs) D11 APARTMENT FOR RENT PAVILION 11 Novena MRT. 1500 sq ft, 3-bedroom. High floor. Spacious balcony. Partially furnished.265 words
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Advertisement265 2015-12-18 17 D22 FACTORY FOR SALE WEST CONNECT #08-41. 1776 sqft. $393K after discount, B2 Ramp Up. 6m floor to floor, wide driveway. Please call *****555 SLP *Artist’s Impression D22 FACTORY FOR SALE WEST CONNECT #08-44. 1765sf usable space. $390K after discount, Beside loading bay,TOP 2016. Please call 8363 2555 SLP *Artist’s265 words
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Advertisement278 2015-12-18 17 D22 FACTORY FOR SALE WEST STAR #02-05. B2 Ramp up. 1733sf $632,000. Best Price! High floor to floor height 6m. Wide Driveway. Call *****525 SLP *Artist’s Impression D22 FACTORY FOR SALE WEST STAR #02-05. B2 Ramp up. 1733sf $632,000. Best Price! High flr to flr hgt 6m. Wide Driveway. Please278 words
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Advertisement320 2015-12-18 17 D25 FACTORY FOR SALE WOODLANDS INDUSTRIAL XCHANGE B2 Ramp Up. #06-10, 1722sf usable space. Last on #06. $342psf, $590K. Please call 8383 8508 SLP. *Artist’s Impression D25 FACTORY FOR SALE WOODLANDS INDUSTRIAL XCHANGE B2 Ramp Up fty. #02-07 to #02-13. 12,561 sf. Prime Units!! TOP 2016. 6m floor to floor320 words
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GOVERNMENT & ECONOMY
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673 2015-12-18 18 BLOOMBERG Kuala Lumpur MALAYSIA will face pressure to sell global sukuk next year as US$ 1.2 billion of Islamic debt matures in July and plunging oil prices erode fiscal revenue and currency reserves. RHB Investment Bank Bhd and Union Investment PrivatfondsBLOOMBERG - 673 words
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Article, Illustration1033 2015-12-18 18 Anthony Rowley - Widespread indirect implications and wider ramifications seen in Asia as US central bank announces first rate increase in nine years By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE stocks hit a more than one-week high on Thursday, after the FederalPHOTO: AFP - 1,033 words
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568 2015-12-18 18 BLOOMBERG Hong Kong THE Hong Kong Monetary Authority (HKMA) raised its base rate for the first time in nine years, following the US Federal Reserve’s lead overnight, and flagged the risk of rising capital outflows from the city. Hong Kong’sBLOOMBERG - 568 words
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Article, Illustration277 2015-12-18 18 REUTERS Beijing CHINA’S retail sales, a key gauge of domestic consumption in the world’s second-biggest economy, is likely to post slower growth this year compared with 2014, the commerce ministry said. Retail sales may expand around 10.7 per cent in 2015,REUTERS; PHOTO: AFP - 277 words
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515 2015-12-18 18 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN suffered a 380 billion yen (S$4.4 billion) trade deficit in November as exports to China and other parts of Asia declined in line with the broadening economic slowdown in the region, preliminary data released515 words
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Page 19 Advertisements
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Advertisement95 2015-12-18 19 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THEBLSLNESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via sriH3hnaritime.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 of95 words
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OPINION
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566 2015-12-18 20 EDITORIAL NOW that an unprecedented era of near-zero interest rates has come to an end, as the Federal Reserve raised rates for the first time in nine years, Asian investors will grapple with pointed questions about their fixed income portfolios in566 words
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Article751 2015-12-18 20 Noah Smith - THE BOTTOM LINE By Noah Smith WELL, the Federal Reserve has finally gone and done it. It raised shortterm rates by 25 basis points, and Fed officials predicted four more similar hikes next year. That will bring rates to a range of 1.25 per cent to751 words
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Article, Illustration1486 2015-12-18 20 LEE BOON KENG - While lifetime employment made the nation an economic powerhouse, it also prevented companies from getting rid of any excesses built up during a bubble. BY LEE BOON KENG bubble.BY LEE BOON KENG T The writer is associate professor of banking finance,PHOTO: AFP - 1,486 words
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Article820 2015-12-18 21 Antonio Armellini - COMMENTARY By Antonio Armellini TThe writer was Italian Ambassador to India from 2004-08. A member of the Official Monetary and Financial institutions Forum (OMFIF) advisory board, he is also a member of the international institute for Strategic Studies and istituto Affari internazionali Rome DAVID Cameron’s820 words
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Article, Illustration797 2015-12-18 21 Anthony Rowley - COMMENTARY By Anthony Rowley Tokyo WITH so much happening on the geo-strategic front in East Asia of late, the issue of North Korea has slipped below many people’s attention horizon and that, in turn, means that economic changes in the797 words
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Article, Illustration1145 2015-12-18 21 ALAN BOLLARD - The fight against climate change exemplifies the role that greater interconnectivity of people and markets can play in fostering a more prosperous and secure world economy. BY ALAN BOLLARD economy.BY ALAN BOLLARD T The writer is executive director of the Apec Secretariat based in SingaporePHOTO: REUTERS - 1,145 words
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Page 23 Miscellaneous
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Miscellaneous316 2015-12-18 23 CRYPTIC CROSSWORD Across 1 Discharge exploding so deep (6) 4 Grand Canyon, American, split by Colorado’s right bank (8) 9 That man is after the old lady’s pounds (6) 10 Perchance story will include old relative (8) 12 European capital housing churchman’s backed eternally (8) 13 Issued digital record, keeping316 words
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BT Lifestyle
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Article, Illustration1445 2015-12-18 26 HELMI YUSOF - The once drab rivertown has re-imagined itself with art and design, now hailed as Australia’s “hippest city”. BY HELMI YUSOF BY HELMI YUSOF THE underpass of a railway line in South Brisbane is now home to an “outdoor art gallery”. Nine massive murals over 7m-tall cover itsPHOTOS: HELMI YUSOF - 1,445 words
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Article, Illustration276 2015-12-18 26 Indian artist Asim waqif ONE of the most ambitious works at APT 8 is this massive wood installation (above) by Indian artist Asim Waqif that reaches up to the third floor of the museum. The artist typically creates large-scale installations out of detritus276 words
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CITY LIFE
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Article, Illustration924 2015-12-18 22 AVANTI NIM - GetDoc is a new app that facilitates instant bookings with a doctor of your choice. BY AVANTI NIM BY AVANTI NIM ONE of life’s most painful experiences is being put on hold. It’s even worse when the person you’re trying to talk to is the receptionist atPHOTOS: GETDOC.CO - 924 words
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CITY BUZZ bt writers' picks of what to see, do or talk about
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Article, Illustration305 2015-12-18 22 Tay Suan Chiang - By Tay Suan Chiang EXHIBITION Remembering Ming: The Old is New Again CHINESE history buffs will get a kick out of Remembering Ming: The Old is New Again, a three-day exhibition featuring tea, handcrafted ceramics, Han ethnic clothing and incense. It is curated by Kenny Leong,PHOTO: REMEMBERING MING - 305 words
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Article, Illustration252 2015-12-18 22 Dylan Tan - CONCERT By Dylan Tan JEREMY Monteiro returns to the Esplanade Concert Hall for the 11th edition of his annual A Jazzy Christmas show. This year’s has been christened Frankly, It’s Christmas and it’s a star-studded one as usual withPHOTO: RUSSEL WONG - 252 words
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Article, Illustration177 2015-12-18 22 Cheah Ui-Hoon - CHRISTMAS tp://uob.com.sg/xmas.By Cheah Ui-Hoon UOB has collaborated with Chi-nese-American designer Vivienne Tam to design an exclusive Singa-pore-only limited-edition tote bag for UOB cardmembers.The designer’s first-ever collaboration with a Singapore company commemorates the nation's 50th jubilee year and features cut-outs inspired by the lotusPHOTO: UOB - 177 words
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Article, Illustration246 2015-12-18 22 Tay Suan Chiang - DINING By Tay Suan Chiang WITH Christmas just a week away, and you’re still scrambling for ideas on what to feed guests, it is still not too late to order a turkey and the works. Hotel Jen Tanglin Singapore offers turkey for takeaway but it is not thePHOTO: HOTEL JEN TANGLIN SINGAPORE, JOEL ROBUCHON PATISSERIE - 246 words
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Article, Illustration141 2015-12-18 22 Helmi Yusof - CLASSICAL By By Helmi Yusof MORE than 20 years ago, Singapore’s premier classical act T’ang Quartet (right) made its debut at the Victoria Concert Hall with the Singapore Symphony Orchestra (SSO). Now the boys Ng Yu-Ying (1st violin), Ang Chek Meng (2nd violin), Lionel Tan (viola)141 words
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WINE/ARTS
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Article, Illustration1307 2015-12-18 23 NK YONG - Dom Perignon leads the charge with Montrachet and Domaine wines as well as Rieslings in hot pursuit. BY NK YONG WINE BY NK YONG IT’S a week before Christmas, so the question is: What do we drink at Christmas dinner? Depends to somePHOTO: BLOOMBERG - 1,307 words
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Article, Illustration565 2015-12-18 23 Dylan Tan - By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT JJ Abrams will take cinemagoers on an in-ter-galactic trip this week when the new Star Wars film opens; likewise music lovers can expect to be whisked around the world in the comfort of their seats at The Philharmonic Winds GoesPHOTOS: PHILHARMONIC WINDS - 565 words
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ARTS
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Article, Illustration826 2015-12-18 24 CHEAH UI-HOON - Indonesian-born artist Boedi Widjaja cleverly bridges the past and the present through the use of old photography techniques.BY CHEAH UI-HOON SINGAPORE ART WEEK techniques.BY CHEAH UI-HOON Looking at history through the lens of a camera takes on new meaning in the hands of Indone-sian-born artistPHOTOS: BOEDI WIDJAJA - 826 words
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Article, Illustration560 2015-12-18 24 Cheah Ui-Hoon - By Cheah Ui-Hoon uihoon@sph.com.sg ASTEROIDS and missing planets. Young artist Melissa Tan's works might seem to shoot for the stars at first, being so conceptually located in space science, but her execution of it is surprisingly down-to-earth, with her use of basic materials. “I like geographyPHOTO: RICHARD KOH FINE ART - 560 words
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Article, Illustration637 2015-12-18 24 From Koyasan to Borobudur Jan 16-Feb 28,2016 A TWO-MAN exhibition by Indonesian artist Nasirun and Japanese artist Tanada Koji, From Koyasan to Borobudur is a dialogue between the two artists about their profound spiritual experiences. The idea of this exhibition began with Nasirun’s visitPHOTOS: MIZUMA GALLERY, YAVUZ GALLERY - 637 words
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CINEMA/MUSIC
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Article, Illustration760 2015-12-18 25 GEOFFREY EU - JJ Abrams’ reboot of the storied franchise Star Wars signals a welcome return to form.BY form.BY GEOFFREY EU THERE is a signature moment early on in Star Wars: The Force Awakens when after he is reunited with his rustbucket of a spaceship thePHOTOS: WALT DISNEY - 760 words
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Article, Illustration530 2015-12-18 25 Dylan Tan - By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT TIRED of being told what to do, Hollywood actors must constantly dream of the day they get to call the shots as directors. A few have done well for themselves: Clint Eastwood (Million Dollar Baby, 2004), Robert Redford (Ordinary People,PHOTO: GOLDEN VILLAGE PICTURES - 530 words
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Article, Illustration561 2015-12-18 25 Dylan Tan - Delivering a Dolly good time again MUSIC By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT CHRISTMAS usually isn’t much fun: the last-minute shopping, the crowd crush at the mall, the Secret Santa gift you received that looks like it has been suspiciously recycled by somebody who knew better than to be caught inPHOTO: DREAM ACADEMY - 561 words
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Page 26 Advertisements
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Advertisement22 2015-12-18 26 CINEMA The Force is strong in JJ Abrams’ reboot CITY LIFE BT writers’ picks of what to see, do or talk about22 words
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