The Business Times, 21 December 2015

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Total Pages: 24
1 24 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 [1 D @BIBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Monday, December 21,2015
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  • Article
    Lock icon MARKETS
    26 1 MARKETS Weekly Change STI 2,852.84 +18.21 KL COMP 1,643.90 +3.76 NIKKEI 225 18,986.80 -243.68 HANG SENG 21,755.56 +291.51 SHENZHEN B 1,305.91 +32.44 DOW 17,128.55 -136.66
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  • Article, Illustration
    Lock icon DAILY DIGEST
    226 1 An IMF announcement on financial “quota” and governance reforms at the Washington-based institution could have major significance for Asia, especially China. TOP STORIES 2 True Corp and Jasmine International will pay US$4.2 billion for licences to provide fourth-generation wireless services in Thailand after outbidding larger rivals. COMPANIES MARKETS
    226 words
  • Article
    Lock icon More retail-friendly bond issues in 2016
    962 1  -  Fixed-income market is tipped to be active while bond demand is seen staying healthy; perpetuals are forecast to remain popular REVIEW 2015 By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE’S fixed-income market next year is tipped to be active, with more retail-friendly issuances. What’s
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  • Article, Illustration
    Lock icon Waning rents, tenant demand prompt malls’ repositioning
    1339 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN the heyday of the retail-property market, many landlords were eager to slice retail spaces into smaller units to lease out at higher rents per square foot. Now in the face of softening rents and dwindling tenant
    Source: URA, Knight Frank  -  1,339 words
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      184 1 8 "*****1 *****4 TOPLINE Companies here not ready for S’pore’s economic transformation: SBF chief COMPANIES MARKETS 4 IWC PORTUGIESER. THE LEGEND AMONG ICONS Portugieser Perpetual Calendar. Ref. 5034: The moon has always exercised an inexplicable power of attraction over human beings. In the case of the Portugieser Perpetual Calendar, this
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      Lock icon Page 1 Advertisements Column 2
      27 1 NEW RESTAURANT Meta’s mixed bag of good ideas DINING OUT 23 WALL STREET INSIGHT Stock prices likely to stay low in next two weeks TOP STORIES 2
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      17 1 CHILDREN'S gqlf) CHARITY 4;} CONCERT z’_\“5§ Shining the light 7’~.£_ on young talent \CHlLDAID 2015 20 21
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      Lock icon Page 1 Advertisements Column 4
      18 1 For more of BT's year-in-review stories, visit bt.sg/review_15 Retail gap narrowing between suburban and Orchard Malls, Page 3
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  • TOP STORIES
    • Article, Illustration
      Lock icon Stock prices likely to stay low in next two weeks
      1038 2  -  It may track the price of energy for the rest of the year; hedge fund manager says weakness in energy, commodity prices could cause deep correction in “risk” assets next year WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg THE US
      PHOTO: BLOOMBERG  -  1,038 words
    • Article, Illustration
      Lock icon US approval of IMF reforms likely to impact Asia significantly
      847 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo A RELATIVELY low-key announcement made at the weekend by the International Monetary Fund (IMF) on financial “quota” and governance reforms at the Washington-based institution could have major significance for Asia China especially in 2016, according
      PHOTO: BLOOMBERG  -  847 words
    • Article, Illustration
      Lock icon The Fed could be forced to reverse rate hikes
      410 2  -  REUTERS BREAKINGVIEWS By Rob Cox THE US Federal Reserve is slowly raising the cost of borrowing after seven years of exceptionally loose monetary policy. But by taking so long, there’s a danger the central bank under Chair Janet Yellen may need
      410 words
    • Article, Illustration
      Lock icon Rental gap narrowing between suburban and Orchard malls
      1377 3  -  While data for Central Region shows 2.9% fall in retail rents over first 9 months, Central Area marks 3% drop compared to 2.4% decline in Fringe Area REVIEW 2015 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE rental gap between prime spaces in
      FILE PHOTOS  -  1,377 words
    • Article
      Lock icon SingPost continually reviews its board composition
      598 3  -  LETTER TO THE EDITOR Jason Lim Assistant vice-president Investor relations SingPost WE refer to Mak Yuen Teen’s recent commentary, “Corporate governance concerns at SingPost” (BT, Dec 15). Singapore Post (SingPost) needs leaders for continuity to carry through sustained efforts, and appropriate talent and expertise
      598 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Companies here not ready for S’pore’s economic transformation, says SBF chief
      848 4  -  He adds that the government needs to change its mindset, too, to let innovation and creative disruption to thrive here. BY KELLY TAY TOP LINE BY KELLY TAY kellytay@sph.com.sg @KellyTayBT MEMBER companies of the Singapore Business Federation (SBF) are
      PHOTO: YEN MENG JIIN  -  848 words
    • Article, Illustration
      Lock icon Achieving quality financial statements
      934 4  -  Here are three ways to avoid getting an ACRA inquiry for non-compliance with accounting standards.BY standards.BY YEOH OON JIN T The writer is a former vice-chairman of the Singapore institute of Directors. IN JULY 2014, the Accounting and Corporate Regulatory Authority (ACRA) extended the reach of
      934 words
    • Article
      Lock icon Buying rebounds while buyback activity stays high
      1514 5  -  5 By Robert Halili T The writer is managing director, Asia insider Limited THE buying rebounded sharply based on filings on the Singapore Exchange in the third week of December with 25 companies recording 59 purchases worth S$ 11.56 million. The figures are
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    • Article, Illustration
      Lock icon STI / Catalist
      65 6 STI Catalist WEEKLY Straits Times index Dec 18,2015 2,852.84 +18.21 (+0.64%) Current streak 1 day Week high 2,861.18 Week low 2,815.04 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,793.15 (Oct 2, 2015) FTSE ST Catalist index Dec 18, 2015 491.42 -4.04 (-0.82%) Current streak 2 days Week high 492.06
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    • Article, Illustration
      Lock icon Don’t hold your breath for a Santa rally
      640 6  -  STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT WITH last week’s Fed rate hike safely in its rear-view mirror, the local market looks all set for its own vacation in a week that will be shortened by an early close on Thursday and a
      640 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 6 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Dec 18,2015 686.93 +3.31 (+0.48%) Current streak 1 day Week high 687.48 Week low 677.51 52-week high 845.85 (Apr 17, 2015) 52-week low 677.74 (Oct 2, 2015)
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    • Article
      Lock icon STI STOCKS
      305 6 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 co +5 231/221 271 213 6.3 6061.6 CapitaLand 325 +11 330/305 379 267 11.9 2.8 *****.1 CapitaMall Trust 195 +7 195/185 228 184.5 5.6 6776.8 CityDev 759 +47 771/695 1095 695
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    • Article
      Lock icon GAINERS
      73 6 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 7066 204.8 2.1 9182/6250 DBXT AUDCS AU$ ***** 186.7 0.8 *****/***** DBXT China50 US$ 2947 135.6 3.4 4258/2750 Jardine C&C 3488 108.0 3.2 4258/2636 CityDev 759 47.0 6.6 1095/695 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
      76 6 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -621.3 -2.1 *****/***** IS S&P500 US$ ***** -614.3 -2.1 *****/***** SPDR DJIA US$ ***** -302.2 -1.2 *****/***** DBXT Nifty50 ETF10 ***** -279.6 -1.7 *****/***** DBXT E50 US$ 4584 -224.5 -3.4 5300/4350 BY PERCENTAGE CLOSE DOWN 52w high/low ChasenHldg W*****0
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    • Article, Illustration
      Lock icon UNUSUAL ACTIVITY
      91 6 Shows the stocks with the highest combination of price change and of daily activity relative to the three-month average volume •ci r» A* MU~ SiKul't in? »ir UJD57 amt 12J1 iniiuPdt IJJ'KTi WB3 -0 UK -iME Mirar.lt Enaigy'' 2,3?2 b 0.169 rt*015 *?7-l Sunflower 3,1444 0.2/5 *0035 -115:
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 6 STI MSCI EAFE WEEKLY MSCI EAFE Index Dec 18,2015 1,687.21 -2.94 (-0.17%) Current streak 1 day Week high 1,699.97 Week low 1,665.74 52-week high 1,949.49 (May 15, 2015) 52-week low 1,660.74 (Sept 25, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 1 0 1 0 9 5 1 Manufacturing 50 71 22 12 21 9 62 92 31 Commerce 27 28 12 10 6 5 37 34 17 Tpt/Stor/Comms 11 22 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 76,507 17,602 94,109 240,907 5,602 246,509 Manufacturing 463,470 171,965 635,435 435,220 12,675 447,895 Commerce 414,050 149,200 563,250 393,101 6,730 399,831 Tpt/Stor/Comms 593,210 4,663 597,873 882,500 373 882,873 Finance 157,808 63 157,871 1,018,173 7 1,018,180 Construction
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    • Article
      Lock icon Gold recovers from biggest dip in 5 months after Fed rate rise
      749 6 Soyabean futures climb to a near two-week high on Friday; wheat price surges COMMODITIES REUTERS New York GOLD rose more than 1 per cent on Friday, recovering from its biggest daily loss in five months as stocks and
      REUTERS  -  749 words
    • Article
      Lock icon MOST ACTIVE
      33 6 VOLUME Noble 183,478,100 Golden Agri-Res 144,544,000 Spackman 115,541,600 Singtel 114,378,600 Ezra 109,620,500 Market volume 5,326,469,000 VALUE DBS Grp 445,713,827 Singtel 432,054,148 UOB 274,634,929 CapitaLand 248,527,969 OCBC Bank 219,915,705 Market value 4,756,697,000
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    • Article
      Lock icon SGX ETFS
      113 6 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 290 +1 4560 293/285 355/280 290/291 IS MS INDIA US$ US667 +27 1237 669/639 1000/639 667/671 83.4 DBXT MSRussia US$ US167 -4 1053 168/162 235/155 165/166 Nikko AM STI ETF 296 cd +2 778
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    • Article
      Lock icon COMPANY MEETINGS
      109 6 COMPANY MEETING PLACE DATE TIME Chasen Holdings E Violet Room (Lvl 3) The Chevrons 48 Boon Lay Way, 22-Dec 11.00am Moya Hldgs E Boardroom (Lower Lobby) Fullerton Hotel S’pore 1 Fullerton Square 22-Dec 11.00am Weiye Hldgs Ltd E Ocean 6 Meeting Room (2nd Flr) Pan Pacific S'pore Hotel
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Dec 18 VALUE CLOSE BT OB/OS -580.00 -14.00 BT CADI -*****.00 -39.00 BT 10-day MA -*****.00 -58.00 FTSE ST Mid Cap 663.59 +0.56 FTSE ST Small Cap 397.00 -0.52 FTSE ST All Share 686.93 -0.55 FTSE ST China Top 166.74 -0.95 FTSE ST China 204.01 -1.03 FTSE
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    • Article
      Lock icon True, Jasmine win US$4.2b Thai 4G services auction
      586 7 They outbid larger rivals Advanced info Service and Total Access Communication BLOOMBERG Bangkok TRUE Corp Pcl and Jasmine International Pcl will pay US$4.2 billion for licences to provide fourth-generation wireless services in Thailand after outbidding larger rivals Advanced Info Service Pcl and
      BLOOMBERG  -  586 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      756 7 Payment Ex Rec Pay Ann (cts) date date date date ABF Spore Bd Index Fd ETF dc 2.650 04-Jan 06-Jan 15-Jan 15-Dec Aims Amp Cap Ind Reit do 2.600 04-Nov 06-Nov 23-Dec 29-Oct Aims Amp Cap Ind Reit bi 0.020 04-Nov 06-Nov 23-Dec 29-Oct Aims Amp Cap Ind
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    • Article
      Lock icon PRIME LENDING RATES
      276 7 Dec 18 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd .6.00 Bank of China Limited Bank of Tokyo-Mitsubishi UFJ, Ltd .5.50 Banque Internationale a .5.75 Bank of Singapore
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1278 7 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 8.47 0.88 0.51 AIMS AMP Cap Industrial Reit 1.33 1.33 2 0.11 12.31 1.58 1.40 ARA Asset Mgt 1.00 1.00 1 0.08
      1,278 words
    • Article
      Lock icon Emerging-market currencies post weekly gain
      455 8 CURRENCIES BLOOMBERG Mumbai EMERGING-MARKET currencies posted a weekly gain as investors increased bets that the Federal Reserve will raise US interest rates gradually, supporting demand for riskier assets. A gauge tracking 20 developing-na-tion exchange rates climbed 0.4 per cent in the five days through Friday.
      BLOOMBERG  -  455 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 8 WEEKLY
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        Lock icon SHANGHAI COMPOSITE
        3 8 COMPOSITEWEEKLY
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        Lock icon NIKKEI
        2 8 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 8 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 Dec 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.994 4.632 0.658 5.541 47.477 99.457 0.870 8.454 3.066 1.064 74.852 33.836 1.009 10.868 0.710 23.519 25.845 0.479 0.715 Canada 1.006 4.658
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 Dec 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0089 1.0099 0.7145 0.7150 Canadian dollar 1.0149 1.0155 0.7189 0.7187 Euro 1.5342 1.5348 1.0865 1.0866 NZ dollar 0.9484 0.9493 0.6716 0.6721 Sterling pound 2.1087 2.1100 1.4933 1.4938
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 Dec 18 S$ Bid Offer 1-month 1.4133 1.4140 2-months 1.4146 1.4155 3-months 1.4160 1.4167 6-months 1.4189 1.4198 Source: OCBC
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Dec 18 $S Offer Bid 0vernight 0.01 Par 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: 0.25 US$ Offer Bid 7 days 0.43 0.33 1 month 0.45 0.35 2 months 0.55 0.35 3 months 0.65 0.45 6 months 0.85 0.65 9 months 1.05 0.85 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 8 GOVERNMENT BONDS Dec 18 Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.63 100.68 100.66 5-Year N*****0S 2.000 01-Jul-20 100.73 10-Year NX*****Z 2.375 01-Jun-25 99.32 99.55 99.35 15-Year NZ*****F 2.875 01-Sep-30 101.46 101.85 101.65 20-Year NZ*****V 3.375 01-Sep-33 108.26 108.40 108.40
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    • EQUITY BONDS WARRANTS FUTURES
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        Lock icon SGX DERIVATIVES TRADING
        399 8 Dec 18 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.00 *****.00 *****.50 *****.00 *****5 *****8 Jan16 *****.00 *****.00 *****.50 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****3 *****2 Jun16 *****.00 *****.00 *****.00 *****.00 308 464 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        212 8 Most active Dec 18 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****4 11.2 -0.9 ***** 0.1 1720 7 Rowsley Ltd W*****3 3 unch ***** 1 18 10 UOB MB eCW*****4 12.3 -0.6 ***** 0.1 2030
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        365 8 In local curr In S$ In US$ dy yr dy yr dy yr Dec 18 Index Change Change Change Change Change Change World Preliminary 1262.6 -0.9 -1.0 -1.2 2.5 -0.8 -3.9 EAFE Preliminary 997.9 -1.1 1.1 -1.2 1.5 -0.7 -4.9 Europe Preliminary 1388.7 -1.0 0.5
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    • AGRI METALS ENERGY
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        Lock icon COMMODITY FUTURES
        193 8 Dec-18 Price Net change change Last Trade Agricultural Dec-18 CBOT Soybeans (US cents/bu) 892.25 15.25 1.74% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.53 0.46 1.53% 14/01/2016 CBOT Wheat (US cents/bu) 486.75 2.75 0.57% 14/03/2016 Dec-18 LIFFE Cocoa (£/tonne) 2257.00 -4.00 -0.18% 14/03/2016 LIFFE Coffee (US$/tonne) 1487.00 5.00 0.34%
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      • Article
        Lock icon PALM OIL
        57 8 Dec 18 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 16 2200.0 2236.0 2244.0 2196.0 242 8612 Feb 16 2302.0 2331.0 2341.0 2299.0 6004 ***** Mar 16 2376.0 2402.0 2405.0 2370.0 ***** ***** Apr 16 2429.0 2447.0
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    • Article
      Lock icon SGX MAINBOARD
      1990 9 Week Ended: Dec 18 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Last Vol Week Div GrYld Net 153 131.5 AIMSAMP Cap Reit 140 +5.5 2158 140.5 132 1 7.9 888.5 High 175.5 109 ARA Asset Mgmt 114
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    • Article
      Lock icon SGX CATALIST
      406 9 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High 3.6 1.1 t Adventus Low Div 25 4.5 t Alliance Mineral 13.6 -0.1 ***** 15.3 13.2 53.6 GrYld 10.1 4.3 t Artivision Tech P/E 15.5
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    • Article
      Lock icon SGX ETF
      178 9 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E 123.5 110.2 ABF SG Bond ETF 117cd +1.5 90 117 114.7 534.1 163 103.6 CIMB APAC Div S$D 108 +0.5 12 108 103.6 Sale 1440 991 CIMBASEAN40 S$D 1090 -23 0
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      654 5 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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      345 5 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WINFAME INVESTMENT PTE LTD (Co. Reg. No.: *****7557D) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 16 December 2015 the following resolutions were duly passed. Special resolution 1. That
      345 words
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      658 5 IN THE MATTER OF THE COMPANIES ACT, CAP .50 AND IN THE MATTER OF WINWAVE INVESTMENT PTE LTD (Co. Reg. No.: *****7452R) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the above Company held on 16 December 2015 the following resolutions were duly passed. Special resolution 1. That
      658 words
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      Lock icon Page 5 Advertisements Column 4
      431 5 In the matter of the Companies Act, Cap. 50 And In the Matter of South Trade (S) Pte Ltd (Registration No.: *****1904W) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act (Cap. 50), that a meeting of the creditors of the abovenamed
      431 words
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      Lock icon Page 5 Advertisements Column 5
      743 5 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BUSS CAPITAL SINGAPORE PTE. LTD. (COMPANY REGISTRATION NO.: *****14B0R) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company duly held at 60 Paya Lebar Road #12-05 Paya Lebar Square Singapore *****1, on 21 December 2015 at 10:00 am, the
      743 words
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      Lock icon Page 5 Advertisements Column 6
      588 5 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BCI3 PTE. LTD. (COMPANY REGISTRATION NO.: *****1090M) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 21 December 2015, the following resolutions were duly passed: 1. SPECIAL RESOLUTION-WINDING-UP RESOLVED THAT the Company be wound
      588 words
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      Lock icon Page 7 Advertisements Column 1
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      43 words
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      71 9 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Green building a smart, socially-responsible way to do business
      752 10  -  Many more businesses are being drawn in by the rather hard, tangible benefits it brings such as cost and energy savings By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore DEVELOPERS and occupiers, who perhaps in the early days of green buildings considered themselves
      PHOTO: ARTHUR LEE  -  752 words
    • Article
      Lock icon US eases 35-year-old tax on foreign property investors
      550 10 BLOOMBERG Seattle PRESIDENT Barack Obama signed into law a measure easing a 35-year-old tax on foreign investment in US real estate, potentially opening the door to greater purchases by overseas investors, a major source of capital since the financial crisis. Contained in
      BLOOMBERG  -  550 words
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      Lock icon Malls, high rise buildings transforming ex-ghost city Phnom Penh
      710 10 AFP Phnom Penh FROM glitzy malls and high-rise flats to five-star hotels, a luxury building boom in Phnom Penh is transforming a capital once reduced to a ghost town into one of Asia’s fastest growing cities. Inside the recently opened Aeon
      AFP; PHOTO: AFP  -  710 words
    • Article
      Lock icon US$5.4b Stuyvesant Town complex deal completed after threatened lawsuit
      867 10 NYT New York AMID the holiday season, SL Green Realty Corp, New York City’s largest commercial landlord, dropped a bombshell: It told real estate executives and city officials two weeks ago that it would file a lawsuit to block the imminent
      NYT  -  867 words
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      231 11 Christmas Special 2-Day Pass $15* Promotion ends on 31 December 2015 Ticket Prices inclusive of GST: TICKETS Early bird 1-DAY PASS $20 $30 2-DAY PASS $30 $40 Validity (Year 2016) 1 Jan 13 Jan Normal Date: Saturday Sunday 23 24 January 2016 14 Jan 20 Jan Venue: SPH News Centre
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon What Yellen said on rates, oil and the US economy
      1546 12 The historic move by the US Federal Reserve to raise interest rates last week has implications that reverberate worldwide. Borrowers who have taken on housing loans, for example, will eventually find themselves paying more in interest, depending on the package
      PHOTO: BLOOMBERG  -  1,546 words
    • Article, Illustration
      Lock icon Exploring a career in financial planning
      990 12  -  SMU undergraduate Wilson Teo encourages people to benefit from financial planning as, according to him, it has helped him better manage his life STARTING YOUNG By Ong Hui Qun Singapore REJECTIONS are the norm for 23-year-old Singapore Management University (SMU) undergraduate Wilson Teo Wei
      PHOTO: SHAWN TEO  -  990 words
  • Page 12 Advertisements
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      105 12 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon JPMorgan to pay over US$300m in penalties
      1149 13 Bank admits it didn’t tell customers about conflicts of interest in how it handled their money from 2008 to 2013 BLOOMBERG New York JPMORGAN Chase Co will pay more than US$300 million to settle US allegations that it didn’t properly inform clients about
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    • Article
      Lock icon EBA urges change in law to tighten bank payouts
      618 13 BLOOMBERG Vienna EUROPE’S banking law should be amended to prevent banks from depleting capital to pay shareholders, employees and junior creditors, the European Banking Authority (EBA) told lawmakers. Restrictions on dividends, bonuses and hybrid bond coupons kick in as soon as
      BLOOMBERG  -  618 words
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      Lock icon Bitcoin technology may transform banking sector
      473 13 AFP New York THE technology that drives the shadowy cryptocurrency bitcoin is drawing interest from the established banking industry, which sees a potential to revolutionise the sector. Although bitcoin and related virtual currencies are limited to a small set of transactions and are often
      AFP; PHOTO: BLOOMBERG  -  473 words
    • Article
      Lock icon Bank of Italy official says most of country’s banks are healthy
      327 13 REUTERS Rome THE Bank of Italy’s (BOI) deputy governor said on Saturday that the vast majority of the country’s banks are in a better state than the small lenders whose failure and subsequent rescue this year wiped out the
      REUTERS  -  327 words
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      194 13 Show Me the Money writes about the important economic concepts and investment strategies applicable to stocks investments. Using actual case studies and data, the book illustrates how these strategies worked for the Singapore market over the years. The painful lessons to learn and pitfalls are highlighted as well. The book
      194 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Indonesian MPs probe graft scam said to involve Speaker
      717 14  -  Novanto, top businessman, “sought US$4b stake in local unit of Freeport in exchange for help to renew contract” By Jeffrey Hutton btworld@sph.com.sg Jakarta IT may be the biggest corruption scandal since Indonesia embarked on its road to democracy at the end
      717 words
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      Lock icon WTO leaders agree to end farm subsidies
      422 14 BLOOMBERG Johannesburg NEGOTIATORS at the World Trade Organization’s ministerial conference in Nairobi agreed to end direct export subsidies on farm produce even as 14-year-old talks on trade development remain unresolved. Developed countries will immediately eliminate export-subsidy entitlements while developing nations must end direct
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      Lock icon Wind power spreads in rural US through for-lease turbines
      1163 14 NYT Tully, New York THREE years ago, Ed Doody and his brothers, Kevin and Rich, installed a wind turbine at the dairy farm they operate here, looking to cut electric bills. They were so happy with the results that each got
      NYT; PHOTO: NYT  -  1,163 words
    • Article
      Lock icon US high yield defaults seen to stay at 4% in 2016
      453 14 BLOOMBERG New York THE fresh stretch of softness in commodity prices since early December has been at the epicentre of exploding junk bond spreads, causing many investors to doubt the ability of companies to service their debt. 2015, according
      BLOOMBERG  -  453 words
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  • TECHNOLOGY
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      Lock icon Adobe highlights key digital trends in 2016
      883 15 Interest in digital assistants will grow, the adoption of “Internet of Things” devices will pick up and mobile browsing will eclipse desktop browsing WP Washington IN A month of 2015 recaps from just about every company out there, now may be the time
      WP; PHOTO: BLOOMBERG  -  883 words
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      Lock icon Amazon mulls leasing 20 Boeing freighters to gain delivery control
      570 15 BLOOMBERG Atlanta AMAZON.COM Inc is considering leasing 20 Boeing Co 767 freighter jets to help gain more control over its delivery methods and costs, according to a person familiar with the plans. The tech-savvy retailer is interested in building up
      BLOOMBERG; PHOTO: REUTERS  -  570 words
    • Article
      Lock icon China’s startup sector faces a venture capital shakeout
      1190 15 BLOOMBERG Hong Kong KUNGFU Bear had its day. Wang Run founded the startup in Beijing just over a year ago to let people order inexpensive massages through a smartphone app. As venture capital (VC) money flooded into China, the company raised cash
      BLOOMBERG  -  1,190 words
    • Article
      Lock icon Apple CEO reiterates his support for unbreakable encryption technology
      440 15 BLOOMBERG San Francisco APPLE Inc chief executive officer Tim Cook repeated his strong support for unbreakable encryption technology, despite criticism from global law enforcement agencies which believe that the digital tools impede criminal and terrorism investigations. In an interview with CBS
      BLOOMBERG  -  440 words
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  • CONSUMER
    • Article, Illustration
      Lock icon It’s beer o’clock in Myanmar and happy hour for its breweries
      900 16 It is estimated that the country’s US$375 million beer market will quickly grow to be worth US$675 million in 2018 REUTERS Yangon DRINKERS buying a beer at Yangon’s roadside bar shacks used to face a limited choice: more likely
      REUTERS; PHOTO: REUTERS  -  900 words
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      Lock icon Trade group challenges Cuomo’s wage plan for fast-food workers
      475 16 BLOOMBERG New York NEW YORK governor Andrew Cuomo’s plan to require fast-food chains to pay workers at least US$15 an hour was challenged by a trade group in yet another skirmish in a broadening industry backlash against government regulation. The National
      BLOOMBERG; PHOTO: AFP  -  475 words
    • Article
      Lock icon FDA proposes indoor tanning ban on minors to fight skin cancer
      923 16 NYT Washington THE US Food and Drug Administration (FDA) on Friday proposed barring everyone under 18 from using tanning beds, a sweeping move that medical experts say is a major step towards reducing the risk of skin cancer in
      NYT  -  923 words
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      Lock icon GE set to receive bids for home appliances unit
      419 16 BLOOMBERG New York FIRST-ROUND bids for General Electric Co’s home appliances business are due this week, according to people familiar with the matter, as the industrial giant seeks a speedy exit following its aborted deal with Electrolux AB. Companies including Haier
      BLOOMBERG; PHOTO: BLOOMBERG  -  419 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Slim prospects for major global pick-up, say economists
      863 17 Modest growth in developed economies will offset persistent weakness elsewhere REUTERS London THE world economy may be set for another year like 2015, with modest growth in developed economies offsetting persistent weakness elsewhere but generating very little inflation and keeping interest rates
      REUTERS; PHOTO: AFP  -  863 words
    • Article
      Lock icon Beijing should ease money policy in 2016, says official Chinese think-tank
      286 17 National Development and Reform Commission urges cutting interest rates and reserve requirement ratio REUTERS Beijing CHINA’S economy in 2016 still faces relatively large downward pressure and the speed of economic growth may fall further, said a top planning body’s
      REUTERS  -  286 words
    • Article
      Lock icon Six people arrested as Indonesia foils terror plot
      364 17 REUTERS AFP Jakarta COUNTER-TERRORISM police have arrested six people suspected of planning attacks in Indonesia, seizing bomb-making materials and “jihad manuals” from the men whom they said included Islamic State members and supporters, the Jakarta Globe reported on Sunday. “Six individuals rounded
      REUTERS; AFP  -  364 words
    • Article, Illustration
      Lock icon Some well-known hedge funds shut in 2015 as bets on oil go bust, returns sink
      1036 18 Hedgies are passe. What is fashionable now for fresh graduates is to work at an internet or social media firm NYT New York LAST decade, Turney Duff lived in a US$9,300-a-month triplex in the New
      NYT; PHOTO: NYT  -  1,036 words
    • Article
      Lock icon Carney-Yellen yield spread shows UK trailing by most since 2006
      507 18 BLOOMBERG London FEDERAL Reserve chair Janet Yellen may have raised US interest rates for the first time in nearly a decade last week, but the Bank of England (BOE) is going nowhere fast. That’s the message from bond markets, where
      BLOOMBERG  -  507 words
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      Lock icon Shenzhen landslide buries 22 buildings
      210 18 REUTERS Beijing A LANDSLIDE hit the southern Chinese city of Shenzhen in Guangdong province on Sunday, burying 22 buildings and leaving 27 people missing, state media reported. A nearby section of China’s major West-East natural gas pipeline also exploded, the official China Central Television (CCTV)
      REUTERS; PHOTO: REUTERS  -  210 words
    • Article
      Lock icon Tokyo expects tax revenue at 25-year high of 57.6t yen
      316 18 REUTERS Tokyo JAPAN’S government is set to estimate tax revenue at a 2 5-year high of 57.6 trillion yen (S$671.3 billion) in fiscal 2016, helped by rising corporate profits, when it prepares the biggest-ever annual budget next week, sources told
      REUTERS  -  316 words
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      Lock icon Cameron faces calls to let ministers campaign to leave EU
      285 18 BLOOMBERG London DAVID Cameron is facing calls to allow ministers to campaign for Britain to leave the European Union (EU), opening a potential rift between the prime minister and members of his government. UK ministers are usually expected to abide
      BLOOMBERG  -  285 words
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      220 17 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 SPH
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  • TRANSPORT
    • Article
      Lock icon 80 people missing in ferry accident off Sulawesi coast
      387 19 Stricken vessel still not found as rough conditions and high waves hamper search and rescue teams AFP Siwa, Indonesia NEARLY 80 people are still missing almost 24 hours after a ferry ran into trouble in rough seas off the coast of
      AFP  -  387 words
    • Article, Illustration
      Lock icon Doggone it, some US airport customer service staff are furry
      888 19 WP Denver STEVE Cearley and his dog Shanti made their way down the airport concourse in matching blue plaid vests, prompting travellers to glance up from their computers and cellphones. After two airport employees stopped to fuss over Shanti, an
      WP; PHOTOS: REUTERS  -  888 words
    • Article
      Lock icon US airlines to start with 20 round-trip flights a day to Havana
      522 19 REUTERS New York US airlines, set to resume scheduled service to Cuba for the first time in decades, will be allowed just 20 round-trip flights a day to Havana. That compares with some 15 flights by JetBlue Airways
      REUTERS  -  522 words
    • Article, Illustration
      Lock icon What parents can do to keep their teenage drivers safe
      1222 19 NYT New York SO your teenager needs a car. Or maybe you need the teenager to have a car so you can get out of the chauffeuring business. But not a new car, right? No youngster needs that. Still, it
      NYT; PHOTO: NYT  -  1,222 words
    • Article
      Lock icon SHIPPING TIMES
      2150 22 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 PKL KUC KK JKT SUR EMERALD CORAL 98 60 29/12 30/12 2/1 5/1 MALAYSIA STAR 54 50 9/1 10/1 14/1 16/1
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  • CHILDAID 2015
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      Lock icon Shining the light on young talent
      1023 20  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT CHILDAID 2015’s theme was “Be The Light”, which was taken off the title of its new theme song written by ChildAid alumni Julian Wong and Amni Musfirah. These three words couldn’t be more apt, as ChildAid has been “the
      PHOTOS: LAURA NG, CHEW SENG KIM, DESMOND WEE, SAM YEO, DESMOND LUI, GERARD GOH  -  1,023 words
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  • Page 22 Advertisements
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      73 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times SHIPPING TIMES Spotlight Award Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment and Company Anniversaries. There’s no better way to and or your
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  • DINING OUT
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      Lock icon Meta offers up a mixed bag
      926 23  -  There are some good ideas, but a not-polished-enough execution needs to be tweaked.BY tweaked.BY JAIME EE NEW RESTAURANT Meta 9 Keong Saik Road Tel: 6513-0898 Open for dinner only Mon to Sat: 5.30pm to 12am Closed on Sun IF only we had a dollar
      PHOTOS: SHAUN TAN  -  926 words
  • Page 23 Advertisements
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      179 23 www.omy.sg ¥HSiNt±> 0:3:0 0feSi SCAN WATCH more showbiz.omy.sg 74 Baby Baby Exhibition 10-12 June 2016 Singapore EXPO Hall 5 'M. Sell your brand, products services directly to over 70,000 new and expecting parents in November 2015! Book your space now! Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Ms Sharifah Fadlia 9005
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      Lock icon Page 23 Advertisements Column 2
      22 23 A story about a box that holds big dreams for a little country. Now on sale at all major bookstores and www.stpressbooks.com.sg
      22 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon The ‘sharing’ economy: profits and pitfalls
      940 24 It’s a new dawn for key services, but critics say the rising sector is an unregulated Wild West AFP Washington IT’S a new dawn for transport, lodging –and pretty much every service under the sun and it’s all about “sharing”. The so-called sharing economy
      AFP; PHOTO:AFP  -  940 words
    • Article
      Lock icon Pastafarian weddings get NZ blessing
      206 24 AFP Wellington COLANDER-WEARING members of the Church of the Flying Spaghetti Monster could soon be legally married in New Zealand after the church was approved to hold “Pastafarian” marriage ceremonies. Church adherents, who wear colanders on their heads, revere pirates and believe the universe was
      AFP  -  206 words
    • Article, Illustration
      Lock icon Conductor Kurt Masur dies at age 88
      1242 24 WP Washington KURT Masur, a renowned conductor who led the New York Philharmonic for 11 years and who manifested the healing power of music during tense political moments in his native East Germany, when he played a crucial peacemaking role in the weeks
      WP; PHOTO: REUTERS  -  1,242 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      298 24 CRYPTIC CROSSWORD Across 3 Labour crushed on the left, as preliminary task (10) 8 Make beloved finish feature (6) 9 Elusive to describe it in translation on screen (8) 10 Part of shoe damaged blow! (8) 11 Help animal first (6) 12 Winning man promises to pay (10) 14 Old
      298 words