The Business Times, 16 January 2016

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Microfilm: NL33745
Total Pages: 39
1 32 The Business Times
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      51 1 BT Living Restaurants reinvent themselves, their concepts and offerings L2-4 REFRESHING ASPIRATIONS MOTORING Kerb appeal L14 BEAUTY No pain, more gain L10-11 TRAVEL Stop and smell the hops L5 HOME GARDEN A fitting arrangement L12-13 PHOTO: YEN MENG JIIN DINING New settings for old favourites L6-7 GOLF S’pore Open returns
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  • BT Living THE BUSINESS TIMES WEEKEND JANUARY 16-17 2016
    • DINING
      • Article, Illustration
        Lock icon Refreshing aspirations
        1025 2 / 3  -  With change the only constant on the highly competitive local F&B scene, foodies are in for a treat as restaurants reinvent themselves, their concepts and offerings By Tay Suan Chiang Whitegrass CHIJMES, Caldwell House, #01-26/27 Opening on Jan 27 YOU know you’ve reached a certain status when random
        PHOTOS: YEN MENG JIIN; PHOTOS: IL LIDO  -  1,025 words
      • Article, Illustration
        Lock icon More casual and edgier
        412 2 / 3  -  By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT Cheek by Jowl 21 Boon Tat Street Opening late January/early February SORREL may be closing on Jan 18, but its owner, Loh Lik Peng, director of Unlisted Collection, has wasted no time starting up a new restaurant in its place.
        PHOTO: UNLISTED COLLECTION  -  412 words
      • Article, Illustration
        Lock icon Classics with some twists
        582 2 / 3  -  By Tan Teck Heng thtan@sph.com.sg ilLido at the Cliff 2 Bukit Manis Road, Sentosa, Sofitel Singapore Sentosa Resort Spa Z6708-8360 Opens end-January www.sofitel-singapore-sento-sa.com/dining_81-en.html AS if selling his house and sinking S$4 million into Aura at the National Gallery isn’t enough of a risk, restaurateur Beppe De
        582 words
      • Article, Illustration
        Lock icon Comforting Greek cuisine
        492 4  -  By Avanti Nim avantin@sph.com.sg Alati 73 Amoy StreetZ6221-6124 Opens: 12pm-2.30pm (Mon-Fri); 6pm-12am (Mon-Sat); closed on Sunday; public holiday hours same as on Saturday www.alati.sg HE first caught the attention of local foodies by elevating lowly cockles into hipster fare at his first eatery Dibs where he was
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      • Article
        Lock icon wine & dine
        306 4 wine dine with BT Weekend Carlton City Hotel Singapore 1 Gopeng StreetZ6632-8922 Weekday Buffet Lunch Plate is putting a fresh spin on its weekday lunch buffet! With four menus to rotate every week, the expansive buffet selection has been enhanced and is the perfect option for a corporate lunch meeting,
        306 words
      • Article, Illustration
        Lock icon New settings for old favourites
        1503 6 / 7  -  Some old school Chinese restaurants have moved out of their familiar premises into new locations. They share the difficulties of coping with modern-day challenges in their efforts to preserve their traditional cooking heritage. By David Yip IN June last year, Beng Hiang Restaurant a 38-year-old
        PHOTOS: DAVID YIP  -  1,503 words
    • TRAVEL
      • Article, Illustration
        Lock icon Stop and smell the hops
        1361 5  -  From the Hop Museum Poperinge to Vleteren, go on a beer and bike adventure to drink in the best of Belgium breweries and more. By Diane Daniel By Diane Daniel ~The writer is a freelance writer based in the Netherlands; her website is bydianedaniel.com WP
        WP; PHOTO: SELINA KOK/ THE WASHINGTON POST  -  1,361 words
    • BEAUTY
      • Article, Illustration
        Lock icon No pain, more gain
        1547 10 / 11  -  Modern-day treatment junkies no longer have to be casualties of beauty, with zero downtime, zero pain procedures. By May Yip LONG gone are the days when looking good meant having to endure the pain of aesthetics treatments equivalent to that of child birth. While turning back
        1,547 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon A fitting arrangement
        875 12 / 13  -  Despite being only 840 sq ft, the home of the Lims is just right for them, thanks to clever creation of useable space. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT WHAT happens when your home lacks space? You follow the cue of
        PHOTOS: JOSEPH NAIR, RENAISSANCE PLANNERS & DESIGNERS  -  875 words
    • MOTORING
      • Article, Illustration
        Lock icon KERB APPEAL
        761 14  -  Over 20 new models are on display at the Singapore Motorshow 2016. Here are some of the highlights. By Samuel Ee By Samuel Ee samuelee@sph.com.sg CROWDS have been descending on Singapore Motorshow 2016, lured by the promise of attractive automotive deals. The four-day show is organised by the
        761 words
      • Article, Illustration
        Lock icon A racier Prius is here
        525 15  -  For its chief engineer, the only competitors of the petrol-electric hybrid are its other models. By Samuel Ee samuelee@sph.com.sg THE Toyota Prius is the world’s best-selling pet-rol-electric hybrid but Kouji Toyoshima does not regard other fuel-sipping hybrids as the competition. Instead, in his cross hairs
        525 words
    • GOLF
      • Article, Illustration
        Lock icon The Singapore Open returns
        693 16  -  After a 3-year hiatus, it’s back with a new title sponsor and a new sanctioning partner. By Justine Moss WHEN the Singapore Open returns at the end of this month after a three-year hiatus, not only will it have a new title sponsor and a new
        693 words
      • Article
        Lock icon ADT event tees off in Singapore
        173 16  -  By Justine Moss NEXT week’s Asian Development Tour’s (ADT) The Players Championship will be the first ADT event to feature in Singapore since the Asian Tour’s secondary circuit was inaugurated back in 2010. The US$100,000 event, to be played on Raffles Country Club’s Palm
        173 words
      • Article, Illustration
        Lock icon Koh earns spot in HSBC Women’s Champions
        245 16  -  By Justine Moss KOH Sock Hwee, 26, will tee it up with the best women golfers in the world in March after clinching the coveted local qualifier spot in the HSBC Women’s Champions 2016 Host Country Qualifying Tournament. A four shot lead (74)
        PHOTO: AZIZ HUSSIN / THE STRAITS TIMES  -  245 words
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  • Page 8 / 9 Advertisements
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      606 8 / 9 Source: SPH-The Straits Times EllUj Mil! M„ Mil, r~ «L j£) KOH BROS M|, with the nation Mu, Mu, Mil* UK •in Ml,, !*I»I II 1ft t 3 min t5,lW isiOr |fi| p»ClBl«iii, 3P.ru,,,, mj IcvBtsiii:,, llltf Z! tlVCTSCw h J Ijfl III A feIII I K *2 £T5 0>*
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      52 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 LIVING Living L2-4 Travel L5 Dining L6-7 Beauty L10-11 Home Garden L12-13 Motoring L14-15
      52 words
    • Article
      Lock icon MARKETS
      136 2 HSTI 2,630.76 (-13.81) HSTI FUTURES 2,630.00 (-14.00) HSIMSCI 293.84 (-1.14) HSIMSCI FUTURES 292.20 (-1.55) STOCKS Friday Change KL COMP 1,628.55 -4.89 NIKKEI 225 17,147.11 -93.84 HANG SENG 19,520.77 -296.64 SET 1,245.85 -17.44 JAKARTA 4,523.98 +10.79 MANILA 6,449.50 +40.74 KOSPI 1,878.87 -21.14 SHENZHEN B 1,164.87 -27.28 MUMBAI 24,455.04 -317.93 10.45
      136 words
    • Article
      Lock icon Car sales boost retail sales again in Nov
      406 2  -  Excluding cars, retail sales would have actually fallen 2% year-on-year By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CAR sales continued to rev up retail sales in November, sin-gle-handedly pulling up the overall index in year-on-year terms. Thanks to a massive 59.7 per cent
      406 words
    • Article, Illustration
      Lock icon Improvement to political system under study
      798 3  -  Aim is to assure clean, effective, accountable govt: President Tony Tan NEW PARLIAMENT Reports by Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE is in a stronger position today compared to the country’s founding generation’s time, and there is a deeper sense of nationhood than before.
      PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  798 words
    • Article, Illustration
      Lock icon Historic day with 91 MPs sworn into Parliament
      505 3 THE first order of business in Parliament on Friday was the re-elec-tion of Halimah Yacob as Speaker, with the veteran politician taking up the post again unopposed. This is her second term as Speaker, and the 61-year-old remarked that she was “humbled”
      PHOTO: MINISTRY OF COMMUNICATIONS AND INFORMATION  -  505 words
    • Article, Illustration
      Lock icon Fall in Dec retail sales points to slowdown in Q4 GDP growth
      647 4 Inflation may not hit Fed target of 2% after producer prices fall on weak energy costs LATEST US DATA Reuters Washington US RETAIL sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper
      Reuters; PHOTO: REUTERS  -  647 words
    • Article
      Lock icon Earnings prospects, one of last few stock catalysts, fade
      489 4 Bloomberg London STOCKS are losing their last line of defence. Amid a selloff that erased over two years of gains about US$14 trillion from global stocks now on the brink of a bear market, at least earnings stood as a potential
      Bloomberg  -  489 words
    • Article
      Lock icon Bond traders see only one Fed interest rate increase this year
      382 4 Bloomberg New York TRADERS are betting that two interest rate increases could be too many in 2016. As a growth scare fuels turbulence in global markets, investors are cutting wagers on how high the Federal Reserve will raise its
      Bloomberg  -  382 words
    • Article
      Lock icon Nine organisations tasked to help SMEs solve labour crunch issues
      387 5  -  MOM aims to bring 400 SMEs on board LED scheme over the next two years By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore NINE trade associations and chambers (TACs) as well as industry partners have been appointed to help small and medium-sized
      387 words
    • Article, Illustration
      Lock icon Weaving the magic of corporate culture
      1030 5  -  Cultivating good staff relations, having flexible work-benefit set-ups, and developing people can all add up to that extra mile CUBICLE FILES By Vivien Shiao Shufen vshiao@sph.com.sg IN conversations about workplaces, corporate culture is often the first thing that is brought up. It seems like
      BT Illustration: Simon Ang  -  1,030 words
    • Article, Illustration
      Lock icon Almost human
      883 6 / 7 Robotics is a growing area Singapore is keen to push. The Business Times looks at how a university project is trying to break new ground BT Infographics With her soft skin and a full head of brunette hair, Nadine, the humanoid may be the last thing that one
      Source: The Economist, NTU; BTGraphics: Simon Ang, Gladys Lam  -  883 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Travel revolutionary
      2961 8 / 9  -  Expedia CEO Dara Khosrowshahi takes pride in the technology prowess of his online travel company but believes success requires the human touch too. By Amit Roy Choudhury prowess By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Defining what you are in one sentence can be tricky enough for individuals. It
      PHOTO: LAURA NG  -  2,961 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Halcyon confirms talks with Sinochem
      414 10  -  But company says the terms or structure of a deal haven’t been finalised, and that a deal isn’t imminent By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore RUBBER processing firm Halcyon Agri on Friday confirmed market speculation that it was in talks with Sinochem International Corporation, but
      414 words
    • Article
      Lock icon Eindec closes 21.4% higher than IPO price on first trading day
      433 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore ENVIRONMENTAL and technological solutions provider Eindec Corporation Ltd’s debut on the Catalist got off to a positive start on Friday, shielded from the effects of the global markets meltdown and a weaker Straits
      433 words
    • Article, Illustration
      Lock icon Eu Yan Sang to get US$35m via JV with HCare to expand into China
      502 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore EU Yan Sang International (EYSI) will receive funding of up to US$35 million from HCare Investments Holding Ltd through a joint venture agreement, as the health and wellness group moves
      PHOTO: BLOOMBERG  -  502 words
    • Article, Illustration
      Lock icon STI drops 4.4% over the week, taking loss for 2016 to 8.7%
      570 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE first week of 2016 saw the Straits Times Index (STI) lose 4.6 per cent while the second, which is the one that has just passed, saw it drop 121 points
      570 words
    • Corporate digest
      • Article
        Lock icon Singapore eDevelopment
        82 11 SINGAPORE eDevelopment on Friday said the group expects to report a loss for fiscal 2015. This follows a loss in fiscal 2014. It said the major property development projects, Ballenger Run and Black Oak, are not expected to commence revenue recognition until the 2016 financial year. It has
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      • Article
        Lock icon Koyo International
        99 11 THE Singapore Exchange (SGX) has warned investors to trade with caution when it comes to specialist engineering services provider Koyo International. In a release on Fri- day, it noted that the counter has outperformed the broader market between Oct 26 last year and Jan 14 this year. “SGX’s
        99 words
      • Article
        Lock icon Mercator Lines
        50 11 INDIAN-owned dry bulk shipping company Mercator Lines on Friday said that three of its non-executive directors have resigned, days ahead of a scheduled court hearing involving the company and its creditor. A court hearing for a judicial management application brought by a creditor is fixed on Jan 18.
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    • Article
      Lock icon GAINERS
      72 11 BY CENTS CLOSE UP 52w high/low JMH USD 5290 273.6 3.7 6788/4500 Lyxor Indonesia US$ 7167 177.1 1.7 9182/6250 JSH USD 2669 96.5 2.6 3693/2524 Jardine C&C 3335 59.0 1.8 4258/2636 DBXT MSUSA US$ 4881 49.0 0.7 5573/4847 BY PERCENTAGE CLOSE UP 52w high/low Elektromotw*****5 0.5 25.0 0.1 0.5/0.1
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    • Article
      Lock icon LOSERS
      78 11 BY CENTS CLOSE DOWN 52w high/low Lyxor AsiaRE US$ 775 -138.2 -11.0 1114/775 SPDR DJIA US$ ***** -105.1 -0.4 *****/***** GLD US$ ***** -100.8 -0.7 *****/***** DBXT E50 US$ 4242 -97.9 -1.6 5300/4242 DBXT STGLDv US$ 2757 -97.9 -2.4 3302/2757 BY PERCENTAGE CLOSE DOWN 52w high/low Viking W*****5 0.2
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    • Article
      Lock icon MOST ACTIVE
      36 11 VOLUME Annica 684,122,000 LionGold 136,874,800 Luzhou Bio-Chem 85,282,600 Noble 51,599,800 AP Strat W*****9 47,623,000 Market volume 2,111,446,000 VALUE Singtel 109,494,957 DBS Grp 107,854,170 JMH USD 71,330,063 OCBC Bank 60,520,767 UOB 57,114,829 Market value 1,081,906,000
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    • Article
      Lock icon Octagon hedge fund firm returning outside money, converting to family office
      433 11 Bloomberg Hong Kong OCTAGON Capital Management Pte, a hedge fund firm started by former Government of Singapore Investment Corp executives, will return all client money in its two funds and convert to a family office, joining a rising number
      Bloomberg  -  433 words
    • Article
      Lock icon STI STOCKS
      303 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 214 -3 219/214 271 213 6.8 5621.2 CapitaLand 307 -2 313/306 379 267 11.2 2.9 *****.9 CapitaMall Trust 192 +3 192/189.5 228 184.5 5.6 6672.5 CityDev 729 -4 737/725 1095 695 8.8
      303 words
    • Article
      Lock icon SGX ETFs Most Active
      107 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 269 -2 1120 272/269 355/269 269/270 DBXT MSRussia US$ US146 -1 657 148/146 235/146 145/146 Nikko AM STI ETF 269 -2 585 272/269 361/269 268/270 6.5 IS Asia BND US US1024 309 1024/1024 1096/1010
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      790 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 11 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) GSH Corp 14-Jan-16 Goi Seng Hui Buy 821 0.25 *****6 48.32 *****7 48.36 Tee Land 14-Jan-16 Phua
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 6 6 0 1 0 2 7 6 Manufacturing 30 56 29 5 12 10 35 68 39 Commerce 13 24 10 6 2 6 19 26 16 Tpt/Stor/Comms 13 19 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,444 2,063 33,507 73,495 374 73,870 Manufacturing 265,577 856,758 1,122,335 88,521 5,311 93,832 Commerce 76,870 58,161 135,031 147,879 859 148,739 Tpt/Stor/Comms 174,362 1,791 176,153 208,787 138 208,925 Finance 22,742 68 22,810 243,259 8 243,267 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jan 15 VALUE CLOSE BT OB/OS -1064.00 -125.00 BT CADI -*****.00 -121.00 BT 10-day MA -*****.00 -106.00 FTSE ST Mid Cap 633.71 -1.35 FTSE ST Small Cap 383.60 -1.96 FTSE ST All Share 648.67 -0.65 FTSE ST China Top 155.97 -1.27 FTSE ST China 190.58 -2.48 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE MFS Tech 34,858.7 0.108 +0.008 +8.00 Xinren Aluminium 25.2 0.430 +0.030 +7.50 LionGold 136,874.8 0.004 -0.001 -20.00 AIM 43.9 0.290 +0.025 +9.43 Asian Micro 1,859.0 0.009 -0.002 -18.18 Seroja Inv 102.1 0.053 +0.009 +20.46 Sakae 294.1 0.440 +0.020 +4.76 Allied Tech 67.0 0.010 -0.016 -61.54
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jan-14 Price Net change change Last Trade Agricultural Jan-14 CBOT Soybeans (US cents/bu) 896.00 -3.00 -0.33% 14/01/2016 CBOT Soybean Oil (US cents/lb) 29.68 0.32 1.09% 14/01/2016 CBOT Wheat (US cents/bu) 468.75 -9.25 -1.94% 14/03/2016 Jan-14 LIFFE Cocoa (£/tonne) 2061.00 -12.00 -0.58% 14/03/2016 LIFFE Coffee (US$/tonne) 1391.00 -24.00 -1.70%
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    • Article
      Lock icon PALM OIL
      57 13 Jan 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 16 2175.0 2200.0 2200.0 2175.0 319 610 Feb 16 2341.0 2349.0 2377.0 2335.0 1162 ***** Mar 16 2407.0 2412.0 2434.0 2403.0 ***** ***** Apr 16 2461.0 2464.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Jan 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.44 5-Year N*****0S 2.000 01-Jul-20 100.32 100.45 100.40 10-Year NX*****Z 2.375 01-Jun-25 99.62 99.80 99.60 15-Year NZ*****F 2.875 01-Sep-30 101.9 101.95 101.55 20-Year NZ*****V 3.375 01-Sep-33 108.68 108.70 108.30
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jan 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9981 0.9988 0.6932 0.6935 Canadian dollar 0.9959 0.9965 0.6919 0.6916 Euro 1.5645 1.5653 1.0865 1.0868 NZ dollar 0.9267 0.9276 0.6436 0.6440 Sterling pound 2.0722 2.0733 1.4391 1.4395
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    • Article, Illustration
      Lock icon STOCK MARKETS
      109 13 Straits Times Index Source: YTD change: -8.74% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,630.76 on Jan 15,2016 Source: Bloomberg Hang Seng Index ytd change: -10.92% 52-week high: 28,442.75 on April 28,2015 52-week low: 19,520.77 on Jan 15,2016 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -18.03%
      Source: Bloomberg  -  109 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      207 13 Most active Jan 15 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****9 0.2 unch ***** 1 1 100 3.00 58 Rowsley Ltd W*****3 1.7 -0.4 ***** 1 18 9 DBS MB eCW*****5 7.4 -1.1 7230
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 13 In local curr In S$ In US$ dy yr dy yr dy yr Jan 14 Index Change Change Change Change Change Change World Preliminary 1188.7 -0.1 -7.0 0.2 -6.0 -0.1 -7.3 EAFE Preliminary 940.3 -1.6 -7.2 -1.5 -6.5 -1.7 -7.7 Europe Preliminary 1321.4 -1.4 -6.5
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    • Article
      Lock icon M&As seen accelerating in S’pore oil sector
      532 14  -  PACC Offshore, SembMarine prime M&A candidates as S’pore businesses face “cocktail of risks”: Maybank-Kim Eng By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore AMID a “cocktail of risks” that Singapore businesses have to deal with in 2016, mergers and acquisitions (M&As) activity should see a
      532 words
    • Article
      Lock icon SID launches guide on remuneration committees
      221 14  -  By Grace So graceso@sph.com.sg Singapore THE Singapore Institute of Directors (SID) has launched its new remuneration committee (RC) guide, which is designed to help boards navigate issues of remuneration. According to a press release from the SID, the RC guide is second in a
      221 words
    • Article, Illustration
      Lock icon Banks print millions of new red packets
      371 14  -  By Arthur Lee arthurl@sph.com.sg Singapore GOOD times or bad, the local banks have continued to print tens of millions of red packets, or hongbaos, for their clients this year. DBS has prepared some 20 million red packets a number that has remained largely
      PHOTO: ARTHUR LEE  -  371 words
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  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      28 14 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Public sector, civil engineering projects to drive construction demand this year: BCA
      754 15  -  Industry players expect builders to face tougher conditions By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CONSTRUCTION demand this year will be propped up by public sector projects amid an expected slowdown in the private sector, with a major shift
      Source: BCA; BTGraphics: Gladys Lam, Lynette Neo  -  754 words
    • Article
      Lock icon StreetSine launches new app
      187 15 Singapore STREETSINE has launched a new application called X-Listing Price. X-Listing Price is a pricing mechanism that combines com-puter-generated values with expert opinion. It consists of four components: X-value, professional adjustments, valuer adjustments and the negotiation gap. X-Value serves as the foundation for X-Listing price. Using
      187 words
    • Article
      Lock icon Househunt
      1198 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 2 AND DEC 8, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 2 NON-LANDED Icon Apt 07/12/2015 99 570 1030 1805 Spottiswoode Park Apt 08/12/2015 99 850 743 874 District
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Goldman settlement could reach US$5b
      555 17 Sum much smaller than those paid by other firms for selling flawed mortgage securities NYT New York MORE than seven years after the worst of the financial crisis, Goldman Sachs is again paying a price for the role it played. The Wall Street firm said
      NYT; PHOTO: REUTERS  -  555 words
    • Article
      Lock icon Swiss currency shock reverberates one year after cap abandoned
      561 17 Bloomb erg Zurich A YEAR after Switzerland shocked investors by ditching its exchange-rate cap and allowing the Swiss franc to strengthen against the euro, the effects of its decision are still reverberating through global currency markets. Investors say the incident damaged
      Bloomberg  -  561 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      50 17 HOT PROPERTY UPP EAST COAST Woo Mon Chew Rd, 2-sty bunglw, 7543 sf, FH, huge 7+1+1, Auction 27/1, 2-STY INTER TERR. Terang Bulan 3+1, 1600 sf. 1 carpark lot. Rd level.Opera Pri. Must Sell! LANDED PROPERTIES FOR SALE! Check out these properties and more in The Straits Times Classified now!
      50 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon BHP takes US$4.9b writedown on US shale
      751 18 It may abandon its decade-old pledge to maintain or raise its dividend Bloom berg Sydney BHP Billiton Ltd said that it expects to take a writedown of US$4.9 billion on the value of its US shale assets due to the tumble in oil
      Bloomberg; PHOTO: AFP  -  751 words
    • Article
      Lock icon Nuclear facilities in 20 countries may be easy targets for cyberattacks
      782 18 NYT Washington TWENTY countries with significant atomic stockpiles or nuclear power plants have no government regulations requiring minimal protection of those facilities against cyberattacks, according to a study by the Nuclear Threat Initiative. The findings build on growing concerns
      NYT  -  782 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Intel no longer indicator of tech sector’s health
      602 19 PC market in decline; chipmaker has no clout with smartphone firms NYT San Francisco NOT that long ago, Wall Street believed that as Intel goes, so goes much of the rest of the technology industry. If Intel did well in its quarterly
      NYT; PHOTO: BLOOMBERG  -  602 words
    • Article
      Lock icon Foursquare’s new funding round cuts valuation in half
      645 19 NYT New York WHEN Dennis Crowley helped found Foursquare in 2009, he was ahead of the pack in creating a social app that used location technology. Now, Foursquare may be at the front of another coming wave: tech startups that are raising
      NYT  -  645 words
    • Article
      Lock icon Yahoo sharing data with academics to help promote AI research
      360 19 Bloomberg San Francisco YAHOO! Inc wants to help accelerate the development of artificial intelligence a field touching everything from data-crunching to art by giving university researchers access to its massive data sets to promote research in the technology. The Web
      Bloomberg  -  360 words
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  • TRANSPORT
    • Article
      Lock icon Fiat Chrysler accused of inflating sales
      381 21 AFP New York SHARES in Fiat Chrysler Automobiles tumbled in Milan and New York on Thursday after two US dealerships filed a lawsuit accusing the carmaker of inflating US car sales. The suit, filed by dealers under the Illinois-based Napleton Automotive Group, charges that
      AFP  -  381 words
    • Article
      Lock icon SIA records marginal increase in December passenger load factor
      328 21  -  Year-end demand healthy in all regions except Europe; cargo load factor also improves By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines’ (SIA) passenger load factor for December edged up 0.3 percentage points to 82.1 per cent as capacity was scaled back
      328 words
    • Article, Illustration
      Lock icon US pledges US$4b to fund self-driving cars
      455 21 AFP Detroit THE US administration pledged on Thursday to help clear the way for autonomous vehicles with an investment of US$4 billion to fund research and testing projects. US Transportation Secretary Anthony Foxx made the announcement in Detroit, flanked by executives from Google
      AFP; PHOTO: BLOOMBERG  -  455 words
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      135 21 NOTICES UNITED COAST FINANCE LIMITED (In Voluntary Liquidation) Company No. (*****2) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 7thJanuary, 2016. The Liquidator is Lita Rossela of Sutera Harmoni
      135 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Warnings flash for China money exodus after record outflows of over US$840b
      1096 22 Households sitting on US$85.2b of foreign currency, according to latest data till last Nov Bloomb erg Shanghai KAREN Chou, a 32-year-old bank worker in Beijing, had a New Year’s resolution: sell yuan, buy dollars. “I’m not optimistic about
      Bloomberg; PHOTO: BLOOMBERG  -  1,096 words
    • Article, Illustration
      Lock icon Japan may dip into forex reserves to make good revenue shortfall
      603 24  -  Its plan to exempt foods from 2017’s VAT hike will mean collecting 600b yen less in taxes By Anthony Rowley btworld@sph.com.sg Tokyo THE Japanese government may be forced to tap into the nation’s foreign-exchange reserves of more than US$1
      PHOTO: AFP  -  603 words
    • Article, Illustration
      Lock icon China seeks private investment to build infrastructure on disputed islands
      401 24 Reuters Beijing CHINA will invite private investment to build infrastructure on islands that it controls in the disputed South China Sea and will this year start regular flights to one of them, state media said on Friday, moves likely to
      Reuters; FILE PHOTO  -  401 words
    • Article
      Lock icon EU economy will suffer if free-travel zone collapses: Juncker
      172 24 Reuters Brussels EUROPEAN Union citizens would have a harder time finding jobs and the region’s economy would suffer should Europe’s internal passport-free zone collapse under the pressure of the migration crisis, the head of the bloc’s executive said on Friday. European
      Reuters  -  172 words
    • Article, Illustration
      Lock icon 1MDB may redeem bonds if cash payments come through
      615 25 It is finalising an assets sale plan aimed at paring back US$7.6 billion of long-term debt Reuters Kuala Lumpur MALAYSIAN sovereign fund 1MDB may consider redeeming some of its outstanding debts ahead of time if cash payments from a land sale
      Reuters; PHOTO: AFP  -  615 words
    • Article, Illustration
      Lock icon Banks may face liquidity squeeze: BI
      333 25 Reuters Jakarta THE governor of Indonesia’s central bank said on Friday there should be room to loosen monetary policy further, but cautioned that lenders might face a near-term liquidity squeeze due to increased government bond issues. On Thursday, Bank Indonesia (BI) cut its benchmark
      Reuters; PHOTO: REUTERS  -  333 words
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  • Page 23 Advertisements
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      346 23 NOTICES TOLL FREE 1800 -289 882 2 I Email no tic e s sph .c om sg I w w w. sphclas s .c om sg /no tic e s MAXIMA PERDANA FINANCE INC (In Voluntary Liquidation) Company No. (*****4) NOTICE is hereby given pursuant to Section 204, subsection (1)(b)
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      355 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELANDRA LION PTE. LTD. (CO.REG.NO. *****8327E) (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the Company
      355 words
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      Lock icon Page 23 Advertisements Column 3
      428 23 DWI MAGNA CORP. LTD. (In Voluntary Liquidation) Company No. (*****8) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 7 th January, 2016. The Liquidator is Lita Rossela of Sutera
      428 words
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      Lock icon Page 23 Advertisements Column 4
      359 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELANDRA PUMA PTE. LTD. (CO. REG. NO. *****1825C) (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of
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      Lock icon Page 23 Advertisements Column 5
      425 23 CHOICE AHEAD LIMITED (In Voluntary Liquidation) Company No. (*****4) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 7thJanuary, 2016. The Liquidator is Lita Rossela of Sutera Harmoni VI/30 RT/RW
      425 words
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      Lock icon Page 23 Advertisements Column 6
      357 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELANDRALYNX PTE. LTD. (CO. REG. NO. *****1819M) (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of the
      357 words
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  • Page 25 Advertisements
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      29 25 S8KWS S +r* r■•is PI V if.*l !>■ SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES jun 14/myj
      29 words
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  • OPINION
    • Article, Illustration
      Lock icon Trends shaping future workspaces
      1135 26 / 27  -  Employees and customer experience must evolve to combine mobility, communication, collaboration and feedback channels into one connected enterprise. By Bill Padfield enterprise.By Bill Padfield ~The writer is chief executive officer of Dimension Data Asia Pacific OVER the last 10 years, we’ve seen radical changes in the
      PHOTO: REUTERS  -  1,135 words
    • Article
      Lock icon A Saudi-Iran military conflict would be catastrophic for oil markets
      873 26 / 27  -  By James Stafford THE rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries. The back-and-forth escalation quickly turned the simmering tension into an overt struggle for power in the Middle
      873 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Staying optimistic in a bear market
        1790 28 / 29  -  While 2016 has got off to a rough start and risks remain high in the short term, investors could see their shares doing better this year than last year WEALTH MATTERS Shane Oliver AMP Capital ~The writer is head of investment strategy and chief
        Source: ASX, AMP Capital  -  1,790 words
      • Brokers’ Take
        • Article
          Lock icon Offshore & marine Market weight
          90 28 / 29 Offshore marine Market weight UOB Kay Hian Jan 15 ALL companies are re-evaluating ways to optimise costs following a fresh round of oil price declines. We cut our Brent crude benchmark from US$60/barrel to US$50/barrel. Following a rerun of our regression analysis, we cut offshore support vessel target prices by
          90 words
        • Article
          Lock icon Keppel DC Reit Accumulate
          75 28 / 29 Philip Securities Jan 15 Close: S$1.025 Target price: S$1.13 FY2015 has 385 days from Dec 12, 2014, to Dec 31, 2015, so Q1 2016 and FY2016 are expected to be slightly weaker than Q1 2015 and FY2015, respectively. We continue to like Keppel DC Reit for
          75 words
        • Article
          Lock icon Ezra Holdings Hold
          119 28 / 29  -  Compiled by Claire Huang OCBC Investment Research Jan 15 Close: S$0.072 Target price: S$0.10 EZRA Holdings reported a 19 per cent year-on-year rise in Q1 FY2016 revenue to US$152.3 million but saw a 44 per cent fall in gross profit to US$15.7 million, leading to a net
          119 words
        • Article
          Lock icon Glossary
          133 28 / 29 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter
          133 words
      • Article, Illustration
        Lock icon Pimco favours inflation protected bonds
        591 30 It is reversing bearish bets on crude oil and other commodities to adopt neutral or bullish positions Bloomberg Singapore PACIFIC Investment Management Co (Pimco) is recommending Treasury Inflation Protected Securities (TIPS) even as tumbling oil costs prompt Federal Reserve officials to voice concern that US
        Bloomberg; PHOTO: AFP  -  591 words
      • Article, Illustration
        Lock icon Beware of volatility – a durable decline is likely to come
        487 30  - Beware of volatility a durable decline is likely to come By Mohamed A El-Erian Bloomberg STOCK market swings do not matter to most investors, precipitous drops in prices are acceptable if they are followed by sharp rises, and this remains true no matter how long the phase of heightened volatility.
        Bloomberg; PHOTO: AFP  -  487 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon David Bowie tribute concert to have a second night in New York
      441 31 April 1 show includes Cat Power, Ann Wilson, Perry Farrell and the Polyphonic Spree NYT New York SHORTLY before David Bowie’s death, Carnegie Hall announced a concert honouring the singer on March 31. Now, the event, part of
      NYT; PHOTO: NYT  -  441 words
    • Article
      Lock icon Winners of US$1.6b Powerball jackpot yet to claim prize
      506 31 Reuters Los Angeles THREE ticket holders with a claim on a record US$1.6 billion Powerball jackpot were laying low on Thursday, their identities officially still a mystery even as lottery officials revealed the retailers in California, Florida and Tennessee that sold
      Reuters  -  506 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      338 31 CRYPTIC CROSSWORD Across 8 Character who made ‘The More It Snows’ ring round (4) 9 Diner consumes seconds change diet for period after religious festival (10) 10 Understand pressure on the woman after start of festive month (8) 11 Team members needed to carry out piping (6) 12 Plant removed
      338 words
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      38 32 THERE ARE EXCEPTIONS TO EVERY RULE. MILLENARY IN PINK GOLD. SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CASINO LEVEL B2M-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
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