The Business Times, 28 January 2016

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Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Thursday, January 28, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    230 1 Everyone entering Singapore will have their fingerprints taken to enhance border security, expected by June, says Senior Minister of State for Home Affairs Desmond Lee. TOP STORIES 2 invitroCue could well be the success story that lights the way for other homegrown biotechnology firms seeking to get on
    230 words
  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,546.18 +0.57 KL COMP 1,631.54 +4.88 NIKKEI 225 17,163.90 +455.02 HANG SENG 19,052.40 +191.65 SHENZHEN B 1,131.57 -0.31 DOW (10.45 EST) 16,060.99 -106.24
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  • Article
    Lock icon Updated benchmarks needed for future presidential candidates: PM Lee
    1113 1  -  Constitutional commission to also look at ways to ensure periodic election of a minority candidate, study greater weight for presidential advisers By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore CHANGES to Singapore’s elected presidency system are afoot, chief among them the likelihood that
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  • Article, Illustration
    Lock icon Soh Chee Wen ‘mastermind’ of penny stock crash: prosecutor
    1045 1  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore INVESTIGATORS probing the 2013 penny stock collapse believe that they have enough evidence to show that Malaysian businessman Soh Chee Wen was the mastermind behind the companies at the heart of the market crash, the
    PHOTO: ZAOBAO; Sources: Court submissions by Attorney-General’s Chambers, Commercial Affairs Department and Monetary Authority of Singapore; BT Graphics: Kenneth Lim, Gareth Chung  -  1,045 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon NCMPs to get equal voting rights as elected MPs: PM Lee
      854 2  -  Minimum number of opposition MPs in Parliament to be raised from 9 to 12 at next GE PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE Constitution will be amended to give Non-Constituency Members of Parliament (NCMPs) the same voting
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    • Article
      Lock icon Focus on ‘human dimension’ of entrepreneurship: Liang Eng Hwa
      431 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE needs to focus on developing innovation and entrepreneurship in its people to prime itself for future growth, said Liang Eng Hwa, chairman of the Government Parliamentary Committee for Finance, Trade and Industry, on Wednesday.
      431 words
    • Article
      Lock icon Fingerprinting for all arrivals here by June
      451 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore EVERYONE entering Singapore will have their fingerprints taken to enhance border security. This initiative, expected to be fully rolled-out by June, was revealed in parliament on Wednesday, as government office-holders fielded questions on terrorism and public health
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    • Article, Illustration
      Lock icon Stronger second half helps Changi net 55.4m passengers in 2015
      553 4  -  Figure is slight improvement from 2014; last year saw a record 346,330 landings and take-offs By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AFTER an uneventful first six months of 2015, Singapore’s Changi Airport saw a rebound in the second half, which
      FILE PHOTO  -  553 words
    • Article, Illustration
      Lock icon Can a besieged Malaysian PM fix the faltering economy?
      766 4  -  COMMENTARY By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT MALAYSIAN Prime Minister Najib Razak, embattled and besieged as he is due to a financial scandal, will announce tweaks to the country’s budget announced last October on Thursday. This is not just any other budget
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    • Article
      Lock icon World Bank lowers oil price forecast, warns of continued weakness
      496 4  -  OIL SLIDE By Anthony Rowley btworld@sph.com.sg Tokyo THE World Bank has lowered its forecast dramatically for crude oil prices this year to US$37 per barrel, compared with the US$51 it forecast last October. But it is projecting that prices will
      496 words
    • Article
      Lock icon Two oil & gas MNCs plan to shift Asean HQs to KL
      514 4  - Two oil gas MNCs plan to shift Asean HQs to KL By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE collapse in oil prices may be hurting government revenues and the economy but there is a silver lining: Two oil and gas companies are planning to relocate their Asean headquarters in Kuala
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    • Article
      Lock icon Pavilion and Keppel-BG venture bags Singapore’s first LNG bunkering licences
      671 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE stage is set for Singapore to embark on LNG (liquefied natural gas) bunkering after the Maritime and Port Authority of Singapore (MPA) handed out the first pair of licences to Pavilion Gas
      671 words
    • Article, Illustration
      Lock icon Biotech firm shows the way onto the global stage
      861 5  -  InvitroCue debuts on the ASX just four years after its birth; sales growth has doubled and is ‘sustainable’, says founder SINGAPORE'S FUTURE ECONOMY By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SUCCESS stories in the Singapore life sciences sphere are few and far
      PHOTO: ARTHUR LEE  -  861 words
    • Article
      Lock icon Two homegrown startups bag venture-capital funding from overseas
      399 5  -  By Jacquelyn cheok jaccheok@sph.com.sg @JacCheokBT Singapore TWO Singapore startups one in tea and other in game development on Wednesday announced that they have raised venture-capital funding from abroad, in a sign that global investors are seeing value in local enterprises and innovation.
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      445 5 Learn How YOU Can Make £1m in 2016 ATTEND OUR FREE LONDON PROPERTY SEMINAR SAFFRON HOMES VALUE ADD LONDON PROJECTS DEVELOPMENT Watch Monty Nawaz Videos on Overpriced Off Plan Vs Value Add London Property Investment You® CEO LONDON PROPERTY SEMINAR SPEAKER 1 r <o 1 cr^P m &M. pi -r
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Keppel: hard to call bottom but troughs approaching
      826 6  -  HOCK LOCK SIEW BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT IN hindsight, Keppel Corporation’s big bet to take subsidiary Keppel Land private a year ago is proving to be a smart move. Keppel Land’s multi-billion-dollar property portfolio is one of pillar of strength that
      Source: Bloomberg  -  826 words
    • Article
      Lock icon MCT to boost F&B offerings at VivoCity
      662 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MAPLETREE Commercial Trust (MCT) is embarking on an asset enhancement initiative (AEI) for VivoCity to strengthen its F&B offerings in a bid to further boost the mall’s appeal. Its Reit manager said this on Wednesday as it
      662 words
    • Article, Illustration
      Lock icon ZACD makes foray into financial services with senior hires
      1056 7  -  It is rolling out corporate finance and advisory, mergers and acquisitions and equity and debt market advisory By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AHEAD of a planned initial public offering (IPO) this year, ZACD Group has consolidated its fund management, property
      PHOTO: SLP INTERNATIONAL  -  1,056 words
    • Article, Illustration
      Lock icon SingPost shares drop 4.5% to 21-mth low
      452 7  -  HOT STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THERE’S no blizzard here but shares of Singapore Post have been slip-slid-ing downhill all the same, with the latest 4.5 per cent tumble on Wednesday leaving the stock at a fresh 21-month low. The counter
      Source: Bloomberg  -  452 words
    • Article, Illustration
      Lock icon EMS plunges 27% prompting SGX query
      351 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore OILFIELD services equipment firm EMS Energy on Wednesday plunged 26.7 per cent to finish at S$0.22 on the stock market, prompting a query from the Singapore Exchange (SGX) to explain the “unusual price movements”. After market close, the
      Source: Bloomberg  -  351 words
    • Article
      Lock icon Hedge fund launches in Asia at 14-year low
      298 7 BLOOMBERG Singapore HEDGE fund launches in Asia dropped to the lowest in 14 years last year as investors’ preference for big funds and rising regulatory costs converged with a turbulent market. The number of hedge funds that opened in Asia dropped to
      BLOOMBERG  -  298 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times index Jan 27,2016 2,546.18 +0.57 (+0.02%) Current streak 1 day Day high 2,584.06 Day low 2,546.18 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) ftse ST Catalist index Jan 27,2016 433.36 -0.10 (-0.02%) Current streak 3 days Day high 436.72 Day low
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    • Article, Illustration
      Lock icon STI ends flat on weak Europe opening
      595 8  -  Market also cautious amid China weakness and ahead of FOMC meeting STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WALL Street’s Tuesday rise helped calm some nerves and prompted a bout of short-covering that pushed the Straits Times Index higher for most of Wednesday. A
      Source: Bloomberg  -  595 words
    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 226 +5 228/223 271 209 6.5 5936.4 CapitaLand 294 +1 299/294 379 267 10.8 3.1 *****.3 CapitaMall Trust 199 cd +1.5 200/196.5 228 184.5 5.7 6915.8 CityDev 668 -11 685/668 1095 661
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Noble 37,789,600 Global Logistic 28,128,500 Singtel 25,814,700 Golden Agri-Res 23,456,400 Ezra 22,610,900 Market volume 952,105,000 VALUE DBS Grp 108,116,001 Singtel 88,902,240 Keppel Corp 54,263,748 OCBC Bank 49,174,130 Global Logistic 46,981,285 Market value 974,635,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 27 VALUE CLOSE BT OB/OS -804.00 +44.00 BT CADI -*****.00 +49.00 BT 10-day MA -*****.00 -80.00 FTSE ST Mid Cap 619.37 +3.50 FTSE ST Small Cap 374.30 +1.22 FTSE ST All Share 628.67 +0.49 FTSE ST China Top 148.28 +0.27 FTSE ST China 178.83 -0.68 FTSE
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    • Article
      Lock icon SGX ETFS
      111 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 261 cd 944 265/261 355/260 260/261 DBXT MSAsExJp US$ US2772 301 -/-4064/2772 2851/2861 6.4 DBXT MSBANGL US$ US98.7 -1.1 140 99/98.7 108.4/87.2 98.4/98.9 4 DBXT MSPAKIS US$ US170.1 -0.2 105 171.7/170.1 213.8/169.8 169.3/170.1 8.3
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index Jan 27,2016 628.67 +0.49 (+0.08%) Current streak 1 day Day high 635.05 Day low 628.67 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Jan 26,2016 1,570.14 +1.64 (+0.10%) Current streak 4 days Day high 1,571.99 Day low 1,542.49 52-week high 1,949.49 (May 15, 2015) 52-week low 1,517.92 (Jan 20, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 1 0 1 0 9 6 1 Manufacturing 38 33 18 9 7 8 47 40 26 Commerce 15 16 15 4 5 4 19 21 19 Tpt/Stor/Comms 16 15 3
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,788 4,328 30,116 83,424 657 84,081 Manufacturing 115,086 25,497 140,583 77,999 1,622 79,621 Commerce 68,073 22,170 90,243 55,534 706 56,240 Tpt/Stor/Comms 147,819 147,819 201,372 201,372 Finance 21,118 27 21,145 216,945 4 216,948 Construction 8,522 1,997
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE Ocean Sky Intl 270.0 0.068 +0.018 +36.00 Travelite 311.1 0.220 -0.030 -12.00 Zhongxin Fruit 641.2 0.012 -0.006 -33.33 Matex Intl 80.0 0.040 +0.017 +73.91 Abundance Intl 25.0 0.027 -0.018 -40.00 MYP 80.5 0.260 +0.060 +30.00 Colex 18.1 0.325 +0.050 +18.18 USP Group 919.3 0.022 -0.011
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 4824 139.9 2.1 6246/4478 Lyxor Indonesia US$ 7151 117.0 1.2 9094/6250 DBXT Nifty US$ ***** 89.9 0.6 *****/***** SPDR DJIA US$ ***** 79.9 0.4 *****/***** GLD US$ ***** 42.8 0.3 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Elektromotw*****5 0.5 400.0
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    • Article
      Lock icon LOSERS
      72 8 BY CENTS CLOSE DOWN 52w high/low Lyxor AsiaRE US$ 726 -69.9 -6.3 1114/726 DBXT S&PShort US$ 2290 -60.0 -1.8 2393/2086 Great Eastern 1950 -39.0 -2.0 2600/1870 JSH USD 2643 -11.4 -0.3 3693/2524 CityDev 668 -11.0 -1.6 1095/661 BY PERCENTAGE CLOSE DOWN 52w high/low Ziwo 1.8 -48.6 -1.7 7.9/1.8 Abundance
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore rigbuilders Neutral
        254 8 DBS Group Research, Jan 27 Bloomberg reported that Temasek Holdings is discussing various options for Keppel Corp (Keppel) and Sembcorp Industries (SCI), ranging from divesting non-core assets to selling shares, to brace for a prolonged sector downturn. The divestment of non-core investment like M1 is a strong
        254 words
      • Article
        Lock icon Ascott Residence Trust Buy
        259 8  -  Compiled by Melissa Tan Fair value: S$1.28 Jan 27 close: S$1.125 OCBC Investment Research, Jan 27 Management remains cautious on the near-term prospects of Singapore, given the upcoming new supply. Nevertheless, it remains positive on growth in Tier-1 cities in China, which should help to offset
        259 words
    • Article
      Lock icon Greenback struggles for traction as all eyes are on Fed
      466 9 CURRENCIES REUTERS London THE dollar struggled to gain traction on Wednesday as investors awaited the outcome of a Federal Reserve meeting for clues on whether bets on a single US interest rate rise in 2016 are justified. With investors largely
      REUTERS  -  466 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 4.625 0.647 5.475 47.820 97.499 0.831 8.450 2.986 1.085 73.743 33.615 1.003 11.554 0.714 23.620 25.180 0.490 0.703 Canada 1.007 4.656
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jan 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0031 1.0037 0.7028 0.7031 Canadian dollar 1.0098 1.0104 0.7078 0.7075 Euro 1.5512 1.5517 1.0868 1.0870 NZ dollar 0.9247 0.9254 0.6479 0.6483 Sterling pound 2.0457 2.0466 1.4333 1.4337
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jan 27 S$ Bid Offer 1-month 1.4281 1.4286 2-months 1.4295 1.4300 3-months 1.4304 1.4311 6-months 1.4336 1.4342 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 9 Jan 27 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 8810.00 8962.50 8647.50 8770.00 *****9 *****2 Feb16 8605.00 8767.50 8512.50 8630.00 *****2 *****3 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****4 *****9 Jun16 *****.00 *****.00 *****.00 *****.00 777 3755 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        205 9 Most active Jan 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****8 5.9 -0.2 ***** 0.0 3 DBS MB eCW*****1 8.3 -0.7 9175 0.1 1480 6 KepCorp MB eCW*****1 6.9 0.1 8110 0.2 600 10 FTSEChinaA50
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jan 26 Index Change Change Change Change Change Change World Preliminary 1181.0 0.6 -7.6 0.6 -7.4 0.7 -7.9 EAFE Preliminary 933.8 -0.1 -7.9 0.0 -8.0 0.1 -8.5 Europe Preliminary 1325.3 0.9 -6.2
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jan 27 $S Offer Bid 0vernight 0.12 0.07 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.30 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.20 1.00 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Jan 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.4 5-Year NX*****X 2.000 01-Jun-21 101.19 101.20 101.10 10-Year NX*****Z 2.375 01-Jun-25 100.08 100.23 100.10 15-Year NZ*****F 2.875 01-Sep-30 102.21 102.31 102.31 20-Year NZ*****V 3.375 01-Sep-33 109.14 109.50 109.50
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jan-26 Price Net change change Last Trade Agricultural Jan-26 CBOT Soybeans (US cents/bu) 876.50 -4.00 -0.45% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.74 0.30 0.99% 14/03/2016 CBOT Wheat (US cents/bu) 484.75 3.25 0.67% 14/03/2016 Jan-26 LIFFE Cocoa (£/tonne) 2041.00 -8.00 -0.39% 14/03/2016 LIFFE Coffee (US$/tonne) 1341.00 1.00 0.07%
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    • Article, Illustration
      Lock icon S’pore Reit managers advised to consider buying back units
      681 10  -  Some Reits are trading at 20-30% below book values: Religare Institutional Research By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE time has come for real estate investment trust (Reit) managers here to seriously consider buying back some of their issued shares given
      681 words
    • Article
      Lock icon OUE C-Reit beats its Q4 DPU forecast by 20.4%
      429 10  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore OUE Commercial Reit (OUE C-Reit) reported a distribution per unit (DPU) of 1.36 Singapore cents for Q4 2015, beating its forecast of 1.13 cents by 20.4 per cent. The forecasted DPU was listed in a
      429 words
    • Article
      Lock icon Chinese investors go bargain-hunting in Hong Kong for China shares
      788 10 REUTERS Hong Kong CHINESE stock investors are finally seeing value in domestic shares, but there’s a twist: instead of wading back onto battered onshore exchanges, they’ve gone shopping for bargains in Hong Kong. By doing so they are exploiting a
      REUTERS  -  788 words
    • CORPORATE DIGEST
      • Article
        Lock icon K1 Ventures
        145 10 INVESTMENT firm K1 Ventures, which is 36 per cent held by Keppel Corporation, reported a net loss of S$8.5 million for its second quarter ended Dec 31, 2015, from a profit of S$31 million a year ago. Revenue fell 73.6 per cent to S$13.6 million from S$51.5 million
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      • Article
        Lock icon Singapore Exchange
        57 10 THE Singapore Exchange (SGX) and the Taiwan Stock Exchange (TWSE) on Wednesday said they have established a strategic partnership, where a subsidiary of TWSE, Global Link Securities Co Ltd, will join SGX as a remote trading member. The agreement will allow TWSE member brokers to directly trade SGX-listed
        57 words
      • Article
        Lock icon Tat Hong
        122 10 CRANES and heavy equipment supplier Tat Hong Holdings said on Wednesday it expects to report a loss for its third quarter ended Dec 31, 2015. This estimation is based on a preliminary review of its consolidated unaudited results, the group said in an announcement to Singapore Exchange. The
        122 words
      • Article
        Lock icon Emas Offshore
        57 10 EMAS Offshore Limited (EOL) has appointed Hsu Chong Pin as chief financial officer to replace the incumbent, Jason Goh, with effect from Jan 26, 2016. Mr Hsu was previously head of business development and investor relations at Marco Polo Marine. Mr Goh will move on to a new
        57 words
      • Article
        Lock icon BH Global
        81 10 MAIN BOARD-LISTED BH Global on Wednesday received in-principle approval from Singapore Exchange (SGX) to consolidate every four existing ordinary shares into one ordinary share. This means the marine products firm will be able to comply with the S$0.20 minimum trading price rule, which is a continuing listing requirement
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    • Article
      Lock icon SGX MAINBOARD
      1686 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last vol Day Div GrYld 153 127 AIMSAMP Cap Reit 129.5 +0.5 271 129.5 128 1 8.5 821.9 MCap 175.5 101 ARA Asset Mgmt 102 +0.5 159 103 102 2.1
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    • Article
      Lock icon SGX CATALIST
      252 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld Net MCap High LOW Company Sale C000) High LOW C'vr P/E 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 18.8 +1 148 18.8 18
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    • Article
      Lock icon SGX ETF
      134 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2407 DBXT China50 US$ US2469 +23 6 2495 2469 6.8 High Day 1750 1027 DBXT MSCHINA US$ US1058 +14 15 1066 1058 6246 4478 DBXT MSKorea
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      15 6 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      Lock icon Page 6 Advertisements Column 2
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      77 7 SMBC HAS THE RIGHT CLUBS IN THE BAG FOR YOU As the proud title sponsor of the SMBC Singapore Open 2016, SMBC is committed to facilitating your growth plans in Asia. We are one of Japan's leading financial institutions with proven expertise in financing and enabling business development, and we
      77 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      678 10 NAM CHEONG LIMITED (Company Registration No. *****) (Incorporated in Bermuda) (“NCL”) Notice to holders of the outstanding S$90,000,000 5.00 Per Cent. Notes due 2017 comprised in Series 002 (ISIN: SG57D*****34) (the “Series 002 Notes”) of NCL convened for 10.00 a.m. (Singapore time) on 27 January 2016 at 12 Marina Boulevard,
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article
      Lock icon SLP to more than double agent strength in S’pore
      653 12  -  Defying current market conditions, the property agency is also looking to have 10,000 agents regionally through organic and inorganic expansion By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore HOMEGROWN property agency SLP International, part of the ZACD Group, is bucking industry outlook with
      653 words
    • Article, Illustration
      Lock icon Prudent regulation helps Asia-Pac economies head off asset bubble
      1099 12 BLOOMBERG Sydney YEARS after the biggest global financial meltdown since the Great Depression spurred debate over how policymakers can head off asset bubbles, tentative evidence is emerging from Asia-Pacific economies that prudent regulation can prove effective. From Singapore to Sydney to
      BLOOMBERG; PHOTO: REUTERS  -  1,099 words
    • Article
      Lock icon Kaisa bonds up on news it will resume sales of blocked units
      358 12 BLOOMBERG Hong Kong KAISA Group Holdings’ bonds jumped the most in two months after the Chinese developer said it aims to resume sales of four projects in Shenzhen that courts have blocked it from selling. Its US$800 million
      BLOOMBERG  -  358 words
    • Article, Illustration
      Lock icon Shunfu Ville up for en bloc sale again with same reserve price
      663 13  -  JLL relaunches the estate’s sale after an unsuccessful attempt to sell it last year; price remains at S$688m By kalpana@sph.com.sg Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore JLL has relaunched the en bloc sale of Shunfu Ville near Marymount MRT
      FILE PHOTO  -  663 words
    • Article, Illustration
      Lock icon Frenzied demand for property in Canadian city Waterloo
      1035 13 BLOOMBERG Toronto IN a banquet hall in north Toronto, a condominium-sales event is generating the kind of frenzy more often seen on a trading-room floor. Michael Wekerle, former Bay Street trader, technology investor, business reality-show judge and now real-es-tate mogul, steps up
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      Lock icon Preserve views of Tokyo Tower, developers urged
      534 14 Local govt wants to protect the 5 viewing spots where tower can be seen in its entirety Tokyo MINATO Ward, Tokyo, home to the 333-metre Tokyo Tower, will ask developers not to obstruct views of the tower with new buildings. It is extremely
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    • Article
      Lock icon In Atlantic City – pride, anger, worry as city teeters on edge
      551 14 In Atlantic City pride, anger, worry as city teeters on edge REUTERS Atlantic City INSIDE the dimly lit Moose Lodge 216 last September in Atlantic City, Frank D’Alonzo discussed a few of the ideas he has heard over the years to revitalise the cash-strapped New Jersey gambling hub. A monorail.
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      Lock icon Househunt
      1378 14 Property transactions for districts 2 to 26 with contract dates between Dec 16 and Dec 22,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 2 NON-LANDED Skysuites Anson Apt 22/12/2015 99 366 870 2377 District 3 NON-LANDED Landmark Twr Apt
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      Lock icon Slower UK house price growth in January
      216 14 REUTERS London BRITISH house prices rose at a slower pace than expected in January, although momentum in the housing market looks set to pick up through 2016 as a whole, mortgage lender Nationwide said on Wednesday. House price growth cooled to 0.3 per
      REUTERS  -  216 words
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      193 12 FREEHOLD STRATA OFFICE FOR SALE DRAFT, ARTIST'S IMPRESSION CENTRIUM SQUARE (former Serangoon Plaza) Rare large mixed-use development offices, medical suites, retail Centrally located 2-min walk to Farrer Park MRT station Wide frontage facing Serangoon Road 4.9m floor-to-floor height, column free, flexible layout Exclusive office lobby with covered drop-off No Additional
      193 words
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      83 12 Hong Fok Group AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. mi W: www.smats.net
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      45 12 HOT PROPERTY THE EDEN PENTHSE 2542sqft Reno. Big spacious 4 rms CBP/ Airport/ Tampines Mart Only $4.5K. RIPPLE BAY 2 bedrooms, 775sqft. Full condo facilities. Fantastic view. Various units avail. APARTMENTS FOR RENT Check out these properties and more in The Straits Times Classified now!
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      281 13 (®JLL SHUNFU VILLE Collective Sale By Tender Thomson High-rise Condo Site with Great Views Actual South-West view from Shunfu Ville Land area 408,927 sf; GPR 2.8; up to 36 storeys Central close to popular malls and schools 200m to Marymount MRT Circle Line station 600m to new Thomson East Coast
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      273 13 HR M PROPERTY iSKA IN A R Ans tfest ion an .< in i essions wi MB .\i ft It! dtJliUi t.'.'A I > mm,.:.; 1 i iff hi 'irT'i i Pi iJMIL* mi C iw iuu VIL IIIIHiVl ‘fi fc .£l‘ JSj—E_LJP i—ll~‘h i i i rriLLLl. I L.
      273 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Funds waiting to step in as Japan plans to cut guarantees on SME loans
      693 15 BLOOMBERG Tokyo JAPANESE Prime Minister Shinzo Abe’s move to make it tougher for struggling companies to borrow from commercial lenders could spell opportunity for turnaround specialists. Mr Abe’s government is considering reducing guarantees of as much
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    • Article
      Lock icon Billionaire investor suffers double-digitloss, admits to mistakes
      272 15 REUTERS Boston SITTING on a double-digit loss that is the deepest in his firm’s history, billionaire investor Bill Ackman on Tuesday told investors that he made mistakes last year in not cutting two big positions but said he sees plenty of new investment
      REUTERS  -  272 words
    • Article
      Lock icon Visa Singapore unveils new payment service
      383 15  -  Aim is to cut the proportion of online transactions that are cancelled due to a cumbersome payment process, especially on mobile devices By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore VISA Singapore on Wednesday launched a new payment service. This service aims to reduce the proportion
      383 words
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      9036 16 NOTICE OF MEETINGS THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice from their stockbroker, bank manager, solicitor,
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      8964 17 2. approval be and is hereby given to waive: (a) any non-compliance (if any) or any potential non-compliance (if any) with Clause 7.2.3 of the Trust Deed and Condition 4(b)(iii) of the Series 016 Notes in respect of the Test Period ended 31 December 2015; (b) (i) the occurrence of
      8,964 words
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      8788 18 NOTICE OF MEETINGS THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF TRUST CERTIFICATES HOLDERS (AS DEFINED BELOW). If Trust Certificates Holders are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice from their
      8,788 words
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  • ENERGY & COMMODITIES
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      2729 19 During the Earmarking Period, the Trust Certificates which are the subject of a Proxy Form or (as the case may be) an Earmarking Instruction Letter may not be traded or transferred. Notwithstanding anything contained herein, Trust Certificates Holders should note that the relevant Trust Certificates will be earmarked by CDP
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  • TECHNOLOGY
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      Lock icon Apple forecasts first sales drop since 2003
      862 20 It posts record profit of US$18.4b in its Q1, but is feeling the pinch of iPhone slowdown and sluggish economy BLOOMBERG San Francisco APPLE Inc is forecasting a sales decline for the first time in more than a decade, adding to evidence the
      BLOOMBERG; PHOTO: REUTERS  -  862 words
    • Article
      Lock icon Google files patent for drone ‘delivery receptacle’
      358 20 REUTERS San Francisco GOOGLE’S secretive drone delivery project could include a component designed to store packages securely. A patent filed on Tuesday in the US by the company, a unit of Alphabet Inc, describes a “delivery receptacle” designed to take packages from an
      REUTERS  -  358 words
    • Article
      Lock icon Lack of funds forcing businesses to abandon Italy’s startup hub
      642 20 BLOOMBERG Rome H-FARM’S idyllic startup campus looking out from a hilltop towards Venice has everything its 500-plus entrepreneurs need to thrive. Except capital. Michelangelo Ravagnan runs his Uber-style website for yacht captains, Antlos, from the hub but he’s reluctantly preparing
      BLOOMBERG  -  642 words
    • Article
      Lock icon Switzerland needs more robots to keep costs down: ABB CEO
      316 20 BLOOMBERG Zurich FACED with some of the highest labour costs in the world in its home market, Switzerland’s ABB Ltd expects companies to invest increasingly in automation and robots. The engineering company based in Zurich is betting on growing demand
      BLOOMBERG  -  316 words
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      1508 20 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices CHINA KUNDA TECHNOLOGY HOLDINGS LTD (Incorporated in the Republic of Singapore) Company Registration No. *****2727W NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of China Kunda Technology Holdings Limited (the “Company”) will be
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      6778 21 SPORTS-LOVING BOY WHO GREW UP TO BE DPM Tharman Shanmugaratnam on his younger days, SINDA, integration and his vision for Singapore NEW COLUMN: FACE IN THE CROWD GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438) NOTICE OF MEETINGS THIS NOTICE IS IMPORTANT AND REQUIRES
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  • CONSUMER
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      Lock icon Zika virus sends chills through travel industry
      504 22 Holiday plans of many Americans may be affected after CDC advisory recommends postponing travel REUTERS New York AIRLINES, hotels and cruise operators serving Latin America and the Caribbean are facing growing concern among travellers spooked by the mos-quito-borne Zika virus. The outbreak of
      REUTERS  -  504 words
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      Lock icon AIG spurns calls for a breakup, opts for streamlining instead
      746 22 NYT New York AT American International Group, big is still better, at least for now. The insurance giant, which became the starkest example of “too big to fail” when it had to be rescued by the government during the financial
      NYT; PHOTO: BLOOMBERG  -  746 words
    • Article
      Lock icon Procter & Gamble tops profit estimates after boosting prices
      544 22 Procter Gamble tops profit estimates after boosting prices BLOOMBERG New York PROCTER Gamble Co, coping with the effects of a stronger US dollar, posted earnings that beat analysts’ estimates after it boosted product prices and cut overhead costs. Profit amounted to US$1.04 a share in the second quarter, which ended
      BLOOMBERG  -  544 words
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      92 22 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
      92 words
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      97 22 THE MONETARY AUTHORITY OF SINGAPORE RESULTS OF AUCTION OF TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TO BE ISSUED ON 01 FEBRUARY 2016. Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS Total Amount Applied Coupon Rate Cut-offYield Price Median Yield Price Average Yield Price of Competitive Applications
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  • GOVERNMENT & ECONOMY
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      Lock icon Emerging giants mired in graft as 66% of nations fail to score 50
      461 23 AFP Berlin THE world’s “up and coming economies” are struggling to shake off corruption, an anti-graft watchdog warned on Wednesday, citing massive scandals in Brazil and Malaysia as cause for concern. In its “Corruption Perceptions Index 2015”,
      AFP  -  461 words
    • Article
      Lock icon Change of guard at Singapore-China business councils
      321 23  -  By Grace So graceso@sph.com.sg Singapore INTERNATIONAL Enterprise (IE) Singapore announced on Wednesday that there would be several leadership changes to the Singapore-China bilateral business councils, given the new Cabinet. The agency is the Singapore Secretariat to the seven Singapore-Chi-na bilateral business councils. For
      321 words
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      Lock icon Anti-graft agency seeks review of AG’s decision to clear Najib
      723 23 Saudis say they have no knowledge of any such donation, adding that such a royal gift would be “unprecedented” REUTERS AFP Kuala Lumpur MALAYSIA’S anti-corruption agency said on Wednesday that it would seek a review of a decision by the
      REUTERS; AFP  -  723 words
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      Lock icon December home sales surge to a 10-month high
      441 23 Job gains, attractive mortgage rates help push new-home sales forward for a 4th straight year LATEST US DATA BLOOMBERG Washington PURCHASES of new homes in the US surged in December to the highest level in 10 months, closing out the best year
      BLOOMBERG  -  441 words
    • Article
      Lock icon China may go for target growth range rather than a specific figure: report
      651 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo CHINA may set a target range rather than a specific figure for projected economic growth at the National People’s Congress (NPC) in March, the Institute of International Finance (IIF) said in a
      651 words
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      795 23 NOTICES SINOTEL TECHNOLOGIES LTD. (Company Registration Number: *****4275R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Sinotel Technologies Ltd. (the “Company”) will be held at Conference room 1, TKP Conference Centre Singapore, 55 Market Street #03-01,
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      946 25 THE BUSINESS TIMES V’-a-'V Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul
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  • OPINION
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      Lock icon Restructuring of IDA and MDA a step in the right direction
      528 26 EDITORIAL THE government’s decision to restructure the Infocomm Development Authority (IDA) and Media Development Authority (MDA) to form the Info-communications Media Development Authority (IMDA) and the Government Technology Organisation (GTO) is timely. As Communications and Information Minister Yaacob Ibrahim
      528 words
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      Lock icon Pragmatic and smart, Tsai won’t try to provoke Beijing
      783 26  -  THE BOTTOM LINE FRANK CHING T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 DURING the campaign leading up to Taiwan’s Jan 16 elections, Tsai Ing-wen, leader of the Democratic Progressive Party (DPP), took part
      783 words
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      Lock icon New rules of engagement in the age of content
      1193 26  -  Effective content output requires a comprehensive distribution strategy. BY ANTHONY HEARNE T The writer is regional director, South-east Asia, India New Markets at Outbrain STEPPING onto a crowded MRT train these days, one would be hard pressed to find commuters hiding
      FILE PHOTO  -  1,193 words
    • Article
      Lock icon Beware the pitfalls of diplomacy conducted in secret
      1106 27  -  COMMENTARY By Harish Mehta T This article is part of a series on US foreign relations. The writer is a historian who has taught in Canadian universities PRESIDENT Barack Obama and some past US presidents have masterminded ambitious diplomatic initiatives in secret
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    • Article
      Lock icon Chinese storm clouds still loom, and things could get worse
      504 27  -  COMMENTARY By By Marcello Minenna, Eduardo Reviglio I T Marcello Minenna is a PhD lecturer at the London Graduate School of Mathematical Finance. Edoardo Reviglio is chief economist of the CDP Group and lecturer at the Department of Business and
      504 words
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      Lock icon SingPost saga: Untenable for PwC to stay on as special auditor
      1300 27  -  In a study of 31 firms that had appointed a special auditor since 2011, only SingPost has picked its external auditor, or its internal auditor, to undertake the special audit.BY MAK YUEN TEEN AND CHEW YI HONG audit.BY MAK
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  • LIFE & CULTURE
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      Lock icon Independent review unveiled for tennis’ anti-graft programme
      882 28 Probe comes amid reports of match-fixing in the sport, overshadowing the Australian Open NYT Melbourne TENNIS officials on Wednesday announced an independent review into their sport’s anti-corruption programme, including its internal integrity unit. The leaders of tennis’ multiple governing bodies have been meeting
      NYT; PHOTO: AFP  -  882 words
    • Article
      Lock icon The luxury head honcho perk that’s still in good health
      836 28 Comprehensive medical checkup remains since CEO’s health is a risk factor for the company WP Washington SINCE the Securities and Exchange Commission (SEC) began requiring US companies to disclose more details about executive compensation, the perks of top managers have
      WP  -  836 words
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      Lock icon Japan’s decade-long wait for sumo champion ends with Kotoshogiku
      649 28 NYT Tokyo IN Tokyo last weekend, sumo wrestler Kotoshogiku won the first of the year’s six top-level tournaments. The result was big news because of his nationality: Japanese. Since the 1990s, foreigners have come to dominate the top level of sumo,
      NYT; PHOTOS: AFP  -  649 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      313 28 CRYPTIC CROSSWORD Across 1 A dosser’s roll-up? (8,3) 9 Hoping to be sacked during strike’s climax (4,5) 10 Apprentice in quandary is oblivious (5) 11 Just bank on Mike losing heart (6) 12 Agitated nervous response by loud Frenchman (8) 13 Besides, is the boxing to stop? (6) 15 Married
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