The Business Times, 30 January 2016

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Microfilm: NL33745
Total Pages: 48
1 12 The Business Times
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      61 1 THE BUSINESS TIMES WEEKEND JANUARY 30 31 2016 BT Living WATCH THIS SPACE Redefining and redesigning lifestyle spaces to up the cool factor L2-4 DINING Michelin-starred Shinobu Namae L5 PHOTO: TREHAUS DINING New eateries focus on food and wine pairings L6-8 HEALTH Balloons help in weight loss L9 MOTORING Lexus
      61 words
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  • BT Living THE BUSINESS TIMES WEEKEND JANUARY 30-31 2016
    • LIVING
      • Article, Illustration
        Lock icon WATCH THIS SPACE
        2729 2 / 3  -  Redefining and redesigning lifestyle spaces are all the rage as businesses up the cool factor to draw crowds. By May Yip Tay Suan Chiang By May Yip, Tay Suan Chiang GREEN SALON Shunji Matsuo Green 01-35A The Grandstand THERE have been blow-out salons with bars, salons within
        PHOTOS: SHUNJI MATSUO; PHOTOS: TREHAUS; PHOTOS: GALLERY & CO; PHOTOS: THE KNIGHTSBRIDGE CLINIC  -  2,729 words
    • DINING
      • Article, Illustration
        Lock icon Always a work in progress
        1155 5  -  Shinobu Namae of two-Michelin- starred L’Effervescence in Tokyo chooses the humble turnip as his signature dish, which he parlays into a triumph of fine dining. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT COULD there be anything better than bread and butter? How about a spread made
        PHOTOS: YEN MENG JIIN  -  1,155 words
      • Article, Illustration
        Lock icon PERFECT PAIRINGS
        2246 6 / 7  -  A number of new eateries are turning their attention to the pairing of food and drinks and they are by no means limiting themselves to wine. By Rachel Loi, Tan Teck Heng By Rachel Loi rachloi@sph.com.sg @RachelLoiBT DOES Indian Pale Ale really go well with truffle fries or
        PHOTO: JOSEPH NAIR; PHOTOS: LAURA NG  -  2,246 words
      • Article
        Lock icon wine & dine
        627 8 wine dine with BT Weekend Carlton City Hotel Singapore 1 Gopeng StreetZ6632-8922 Reunion Buffets at Plate Start the Lunar New Year celebrations at Plate and enjoy the restaurant’s festive spin on buffet feasts with a well-panned buffet spread of Asian and International dishes. Savour on a selection of fresh seafood
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    • HEALTH
      • Article, Illustration
        Lock icon Upgraded balloons for weight loss
        1029 9  -  Patients who opt for this treatment are able to keep the devices in their stomachs longer thanks to an updated procedure. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg THIS isn’t an easy diet method to swallow, but the gastric balloon is a proven physical procedure
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    • MOTORING
      • Article, Illustration
        Lock icon SMALL AND BIG
        607 10  -  The Lexus RX gets its smallest engine option at a time when its body is at its biggest. By Samuel Ee By Samuel Ee samuelee@sph.com.sg UNLESS you have given up on the car market and foresworn all your worldly automotive aspirations, you would have heard that Lexus
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      • Article, Illustration
        Lock icon Vitara revitalised
        701 11  -  The new Suzuki Vitara’s design and driveability make it a different car from the ’80s icon. By Samuel Ee samuelee@sph.com.sg THE iconic SUV from the late ’80s is back and it has a sibling. Or distant cousin, depending on your view of cars and consanguinity, if any. he
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    • GOLF
      • Article, Illustration
        Lock icon All set for the big time
        516 12  -  The Dàlat at 1200 Ladies Championship in Vietnam in March will be the country’s first professional international ladies tournament. By Justine Moss WHEN the inaugural The Dàlat at 1200 Ladies Championship tees off in March in Vietnam, it will be the first professional international
        PHOTOS: RICHARD CASTKA/SPORTPIXGOLF.COM  -  516 words
      • Article, Illustration
        Lock icon The jewel in Vietnam’s golf crown
        581 12  -  By Justine Moss SINCE breaking ground in December 2013, the 800-hectare The Dàlat at 1200 Country Club and Private Estate (www.dalat1200.com) has developed into a superb lifestyle destination offering first-class golf, accommodation and outdoor activities. It has also had international recognition Dà Lat was
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      47 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 Dining L5-8 Health L9 Motoring L10-11 Golf L12
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    • Article
      Lock icon MARKETS
      136 2 GSTI 2,629.11 (+66.66) GSTI FUTURES 2,629.00 (+68.00) GSIMSCI 294.29 (+7.74) GSIMSCI FUTURES 294.90 (+8.80) STOCKS Friday Change KL COMP 1,667.80 +33.27 NIKKEI 225 17,518.30 +476.85 HANG SENG 19,683.11 +487.28 SET 1,300.98 +12.58 JAKARTA 4,615.16 +12.33 MANILA 6,687.62 +124.24 KOSPI 1,912.06 +5.12 SHENZHEN B 1,146.77 +27.55 MUMBAI 24,870.69 +401.12 10.45
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    • Article
      Lock icon SingPost defends appointment of PwC as special auditor
      677 2  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A COMMENTARY on Singapore Post’s choice of special auditor published in The Business Times on Thursday was a possible culprit for the stock’s 6.5 per cent plunge to a 22-month low that day, the postal and
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    • Article
      Lock icon Pale finish for S’pore bank lending in 2015
      517 2  -  OCBC expects flattish loans growth for H1 2016 given weak domestic business sentiment By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore WEAKER business growth cast a pall over bank lending last year, which closed 2015 lower than 12 months previously. Loans through the domestic
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    • Article
      Lock icon Manufacturing and services mired in short-term gloom
      622 4  -  More firms in these two sectors expect reduced business activity until mid-year: polls By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore FIRMS in both the manufacturing and services sectors are now even more pessimistic about their short-term business prospects, official surveys released on Friday have
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    • Article, Illustration
      Lock icon Singapore as ‘innovation lab’ will have its place in the world: Heng
      599 5  -  Finance minister sees the Republic helping world realise good ideas to create impact PARLIAMENT By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE key to Singapore staying relevant in the global economy is how it can be an innovation laboratory
      PHOTO: SBF  -  599 words
    • Article
      Lock icon Twists and turns in filling WP’s NCMP seat
      601 5  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE Workers’ Party (WP) succeeded on Friday in getting a parliamentary seat left vacant by one of its members filled by another member but not before the WP representatives abstained from voting for the motion that
      601 words
    • Article
      Lock icon KL budget revision gets markets’ thumbs up
      580 6  -  Ringgit hits 3-month high, bourse up 2%; but impact will be more apparent in Q2: analyst By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S stock market and currency rallied on Friday with the ringgit climbing to 4.139, a three-month high, boosted in part by
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    • Article
      Lock icon Economic growth slows in Q4 as firms reduce inventory glut
      404 6 LATEST US DATA Reuters Washington US economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut, and a strong US dollar and tepid global demand weighed on exports. Gross domestic product (GDP)
      Reuters  -  404 words
    • Article, Illustration
      Lock icon Young musicians to enrich museum goers’ visits
      437 6  -  By Avanti Nim avantin@sph.com.sg Singapore YOUNG musicians are all set to showcase their dexterous fingers on the iconic Red Steinway Concert Grand Piano at National Gallery Singapore. As part of the concert series Singapore Rhapsodies at the gallery, students from local schools are
      PHOTO: DIOS VINCOY JR/THE STRAITS TIMES  -  437 words
    • Article, Illustration
      Lock icon Turning a Spotlight on the truth
      975 7  -  Journalists toil away because some stories do make a difference SATURDAY SOAPBOX Lee Meixian leemx@sph.com.sg @LeeMeixianBT Reporter Singapore IT CAN be self-congratulatory to watch a movie about journalists living up to the profession's ideal as the Fourth Estate. I left the cinema feeling incredibly
      ILLUSTRATION: LUDWIG ILIO  -  975 words
    • Article
      Lock icon UA to launch direct flights from S’pore to San Francisco from June
      452 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore UNITED Airlines (UA) will launch non-stop services between Singapore and its hub in San Francisco from June, making it the only carrier at the moment to serve the US directly from here.
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      208 3 (3 (j Majesty V: N> 3>* HR o? ’-0 0\ s« fflSP£ tJYrVfi PfX. L X v ■'j'-' i T T C ■i\ 4 I A •v xcj-trg i ,u A p* fjjf, m mmm mm//// .r~*, v v 1 Hi A < V" r iSberjitfa* iv The IVI E2
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      428 5 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LAUDET PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****0255N Extract of the minutes at the Extraordinary General Meeting of members of Laudet Pte. Ltd. convened and held at 63 Market Street, #05-01A Bank of
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Banking the book
      2734 8 / 9  -  David Clementi, former Bank of England deputy governor and now chairman of fintech startup World First, espouses old-fashioned accountability in this age of making a quick buck off grey zones. By Melissa Tan By Melissa Tan melissat@sph.com.sg @MelissaTanBT It’s not your grandfather’s road, as the local saying
      PHOTO: LAURA NG  -  2,734 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Review welcome, but SGX has to tread carefully
      700 10  - Review welcome but SGX has to tread carefully COMMENTARY R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IT is certainly welcome to hear that Singapore Exchange (SGX) is to review many aspects of its business, the main reason being that it speaks well of an exchange that is willing to listen to
      700 words
    • Article, Illustration
      Lock icon Bond, gold ETFs buoyed by higher risk aversion
      521 10 Singapore AMID a highly volatile market, investors have swooped into safe haven assets, chiefly bonds and gold. This can also be gleaned from trading activity in the exchange-traded funds (ETFs) listed on the Singapore Exchange (SGX). Total turnover among the top 10
      PHOTO: BLOOMBERG  -  521 words
    • Article
      Lock icon MGCCT’s Q3 DPU up 11.6%
      225 11  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MAPLETREE Greater China Commercial Trust (MGCCT) has reported an 11.6 per cent rise in dis- tribution per unit (DPU) for the third quarter ended Dec 31, 2015, to 1.854 cents, thanks to an enlarged portfolio, higher rents and favourable
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    • Article
      Lock icon Franklin raises stake in Noble to 5.03%
      290 11  -  Shares surge; Religare Capital calls group ‘the bargain of the decade’ By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore GLOBAL investment firm Franklin Templeton has become a substantial shareholder of Noble Group after picking up its shares on the cheap. The fund manager had on
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    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 +6 235/225 271 209 6.3 6094 CapitaLand 307 +10 307/296 379 267 11.2 2.9 *****.9 CapitaMall Trust 199 xd +2 201/195 228 184.5 5.7 6915.8 CityDev 696 +25 699/672 1095 661
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    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 263 xd 1294 264/257 355/257 262/263 IS MS INDIA US$ US640 +20 864 640/621 838/605 637/640 80 IS ASIA HYG US$ US1029 +13 621 1029/1029 1130/977 1029/1130 DBXT MSRussia US$ US159 +4 120 159/158
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      784 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 25 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) GL Ltd 27-Jan-16 Quek Leng Chan *Buy 546 0.83 *****8 67.25 *****4 67.29 GL Ltd 26-Jan-16 Quek
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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 11 0 3 1 0 0 12 0 3 Manufacturing 46 31 23 11 5 6 57 36 29 Commerce 28 6 12 5 3 4 33 9 16 Tpt/Stor/Comms 22 6 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 46,322 1,623 47,945 159,029 236 159,266 Manufacturing 144,064 24,849 168,913 105,263 1,411 106,674 Commerce 126,978 42,804 169,782 90,557 1,438 91,995 Tpt/Stor/Comms 175,517 254 175,771 231,253 20 231,273 Finance 29,589 182 29,771 309,670 20 309,690 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jan 29 VALUE CLOSE BT OB/OS -323.00 +298.00 BT CADI -*****.00 +177.00 BT 10-day MA -*****.00 -33.00 FTSE ST Mid Cap 631.33 +11.03 FTSE ST Small Cap 379.29 +4.27 FTSE ST All Share 646.27 +14.55 FTSE ST China Top 152.42 +2.37 FTSE ST China 185.58 +3.28 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 12 VOL CLOSE($) CHANGE Next-Gen Sat 11,395.1 0.003 +0.001 +50.00 SHC Capital Asia 150.0 0.106 -0.029 -21.48 EMS Energy 10,714.0 0.065 -0.035 -35.00 Allied Tech 265.9 0.015 -0.008 -34.78 Advanced Systems 800.0 0.004 +0.001 +33.33 Attilan 4,515.8 0.003 +0.001 +50.00 Ocean Sky Intl 120.0 0.055 -0.011 -16.67 Lorenzo Intl
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jan-28 Price Net change change Last Trade Agricultural Jan-28 CBOT Soybeans (US cents/bu) 867.75 -15.25 -1.73% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.69 -0.18 -0.58% 14/03/2016 CBOT Wheat (US cents/bu) 472.25 -4.25 -0.89% 14/03/2016 Jan-28 LIFFE Cocoa (£/tonne) 2012.00 7.00 0.35% 14/03/2016 LIFFE Coffee (US$/tonne) 1368.00 1.00 0.07%
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    • Article
      Lock icon PALM OIL
      57 13 Jan 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 16 2362.0 2349.0 2362.0 2344.0 389 6484 Mar 16 2430.0 2411.0 2430.0 2402.0 2495 ***** Apr 16 2463.0 2443.0 2463.0 2433.0 ***** ***** May 16 2459.0 2441.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 Jan 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.46 100.51 100.50 5-Year NX*****X 2.250 01-Jun-21 101.84 101.78 101.40 10-Year NX*****Z 2.375 01-Jun-25 100.97 100.90 100.55 15-Year NZ*****F 2.875 01-Sep-30 103.16 103.15 103.00 20-Year NZ*****V 3.375 01-Sep-33 110.1
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jan 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0115 1.0120 0.7120 0.7122 Canadian dollar 1.0163 1.0168 0.7156 0.7154 Euro 1.5477 1.5485 1.0895 1.0898 NZ dollar 0.9257 0.9264 0.6516 0.6520 Sterling pound 2.0421 2.0431 1.4375 1.4379
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    • Article, Illustration
      Lock icon STOCK MARKETS
      114 13 Straits Times Index Source: Bloomberg YTD change: -8.80% 52-week high: 3,539.95 on April 15,2015 52-week low: 2,532.70 on Jan 21,2016 Source: Bloomberg Hang Seng Index Bloomberg YTD change: -10.18% 52-week high: 28,442.75 on April 28, 2015 52-week low: 18,542.15 on Jan 21, 2016 Source: Bloomberg Shanghai Stock Exchange
      Source: Bloomberg  -  114 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      205 13 Most active Jan 29 Prem Expiry Last Vol Conv Exer Disc Gear- Mths Company Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 8.4 1.5 ***** 0.2 600 10 CSC Holdings W*****9 0.7 0.1 ***** 1 1 13 2.14 59 Secura Group W*****5 1.4 -0.1 *****
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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 28 Index Change Change Change Change Change Change World Preliminary 1175.1 -0.5 -8.0 -0.5 -7.6 -0.3 -8.2 EAFE Preliminary 932.2 -1.2 -8.0 -0.9 -7.7 -0.7 -8.3 Europe Preliminary 1311.8 -1.6 -7.1
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    • Article, Illustration
      Lock icon STI gets boost from month-end window-dressing
      581 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent HELPED by plenty of month-ending win-dow-dressing, Friday’s session gave plenty of relief to battered stocks here, with the Straits Times Index surging 66.66 points or 2.6 per cent to 2,629.11. Turnover also picked up, rising to a
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    • Article, Illustration
      Lock icon Raymond Chia returns to Chip Eng Seng
      665 14  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RAYMOND Chia Lee Meng will be returning to Chip Eng Seng Corporation as group CEO from Feb 1, about 10 months after he left the group to start his own property development venture in Australia and Vietnam.
      FILE PHOTO  -  665 words
    • Article
      Lock icon GAINERS
      72 14 BY CENTS CLOSE UP 52w high/low DBXT ASX200 US$ 3085 262.8 6.4 3908/2900 JMH USD 5250 186.1 2.6 6700/4500 Jardine C&C 3729 184.0 5.2 4258/2636 SPDR DJIA US$ ***** 119.3 0.5 *****/***** DBXT China50 US$ 2563 85.2 2.4 4258/2407 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.2 100.0 0.1
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    • Article
      Lock icon LOSERS
      77 14 BY CENTS CLOSE DOWN 52w high/low Prudential USD 1950 -298.3 -9.7 2500/1950 GLD US$ ***** -81.0 -0.5 *****/***** DBXT Vietnam US$ 2150 -31.3 -1.0 2786/2017 DBS Bk 4.7% NCPS ***** -20.0 -0.2 *****/***** DBXT S&PShort US$ 2279 -15.6 -0.5 2393/2086 BY PERCENTAGE CLOSE DOWN 52w high/low Full Apex 1
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    • Article
      Lock icon MOST ACTIVE
      36 14 VOLUME Noble 92,803,500 Ezra 54,401,600 Global Logistic 47,328,300 Rex Intl 34,374,200 Golden Agri-Res 30,670,600 Market volume 1,354,288,000 VALUE DBS Grp 117,157,964 Singtel 100,918,664 Keppel Corp 96,461,237 UOB 87,788,557 OCBC Bank 81,978,107 Market value 1,362,206,000
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      Lock icon Page 11 Advertisements Column 1
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      57 words
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      80 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Japan’s ‘quiet property bubble’ deflating
      672 15 The number of property transactions has tumbled, rents have been muted and inflation expectations have waned Bloomberg Tokyo IN Japan, the number of property transactions has tumbled, rents have been muted and inflation expectations have waned. That’s prompting a growing number of analysts and economists
      Bloomberg; PHOTO: BLOOMBERG  -  672 words
    • Article
      Lock icon Tokyo ward to regulate Airbnb-type home-sharing
      391 15 Reuters Tokyo A LOCAL authority in Tokyo started accepting applications on Friday from residents wanting to rent out their homes for short-term lodging through matchmakers such as Airbnb Inc, making it the first in Japan to regulate the practice. Residents of the south-east Tokyo
      Reuters  -  391 words
    • Article
      Lock icon Househunt
      1232 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 16 AND DEC 22, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 9 NON-LANDED 8 Mt Sophia Apt 17/12/2015 103 1033 1580 1529 Casa Cairnhill Apt 16/12/2015 FH 1636 2780
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  • BANKING & FINANCE
    • Article
      Lock icon Thai bank plans to join big regional players
      666 17 Krung Thai Bank is boosting profits and positioning itself to buy another local lender Bloomberg Singapore KRUNG Thai Bank Pcl (KTB), Thailand’s second-largest lender by assets, is cleaning up its balance sheet and preparing to make acquisitions in a bid to join
      Bloomberg  -  666 words
    • Article, Illustration
      Lock icon No bonuses for top Deutsche execs as it posts record 2015 loss
      756 17 NYT London DEUTSCHE Bank, confirming that it would post a record loss for 2015, said that members of its management board would not receive bonuses for the year and that shareholders should not expect a dividend until 2017
      NYT; PHOTO: BLOOMBERG  -  756 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Swiss firm opens S$45m facility on Jurong Island
      502 18  -  Bertschi, one of Europe’s largest logistics firms, eyes specialty chemical opportunities By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore BERTSCHI, one of the largest chemical logistics companies in Europe, has opened a S$45 million facility on Jurong Island, with an eye on supporting the
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    • Article
      Lock icon Russian comments ignite false hopes in oil market
      656 18 Even if Moscow were to discuss cuts, many obstacles remain Bloomberg London FOR a few minutes, at least, there was a glimmer of hope for the world’s struggling oil producers. After months of opposing any production cuts, Russia said on Thursday it
      Bloomberg  -  656 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Microsoft’s cloud-fuelled revival persists
      978 19 Q2 earnings beat estimates, revenue from Azure more than doubles Bloomberg Seattle SATYA Nadella’s turnaround of Microsoft Corp persisted in the fiscal second quarter, as more businesses bought cloud services and Internet-based tools like Azure and Office 365 from a company once mainly known for per-sonal-computer
      Bloomberg; PHOTO: AFP  -  978 words
    • Article
      Lock icon Facebook expands live video streaming in the US via iPhone
      409 19 AFP San Francisco ON THE heels of posting stellar quarterly earnings results, Facebook on Thursday expanded its offering for streaming live video at the leading social network. A “Live” feature that Facebook began testing late last year became available to
      AFP  -  409 words
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  • CONSUMER
    • Article
      Lock icon Boom time again for Norway salmon farmers
      825 20 After a slump in 2014, exports have rebounded and profits ballooned as prices surge and global demand grows Bloomberg London IT’S a pretty good time to be a salmon farmer in Norway. Export prices have surged to a 30-year high, global demand has
      Bloomberg  -  825 words
    • Article, Illustration
      Lock icon Amazon Q4 revenue rises, but below expectations
      645 20 NYT New York AMAZON was expected to run away with the holiday season. Instead, it merely strolled. Revenue for the fourth quarter was a bit lighter than expected, the Seattle company reported on Thursday, and profit was a whole lot skimpier. Wall Street
      NYT; PHOTO: REUTERS  -  645 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon SingPass 2FA registration system simplified
      462 22  -  Fewer steps now needed to get on board using two-factor authentication to access e-govt services by July deadline By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore AFTER the government introduced the two-factor authentication (2FA) process last July to enhance personal data protection for those who use
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    • Article, Illustration
      Lock icon S-E Asia braces itself for Zika as Thailand appears to steer clear
      582 22 Reuters Kuala Lumpur TROPICAL South-east Asian countries said on Friday that they were bracing themselves for the mosquito-borne Zika virus, with Malaysia saying it could “spread quickly” if introduced, but Thailand appeared to be bucking the trend with
      Reuters; PHOTO: REUTERS  -  582 words
    • Article
      Lock icon Presidential permutations still a mystery in Myanmar
      501 22 AFP Yangon AS the military-dominated Parliament cedes power to Aung San Suu Kyi’s pro-democracy party, one fundamental question remains unanswered: who will be Myanmar’s next president? Ms Suu Kyi is the leader of the National League for Democracy (NLD) party and, armed with
      AFP  -  501 words
    • Article, Illustration
      Lock icon Pushing for a place at Europe’s power table
      1194 23 Italian Prime Minister Matteo Renzi argues that Italy’s voice must now be heard and be taken seriously NYT Rome ITALY has given Europe many things, but rarely leadership. Among member states of the European Union, Italy is important but not always influential,
      NYT; PHOTO: REUTERS  -  1,194 words
    • Article
      Lock icon China firms face margin call sell-off
      789 24 They may be forced to sell US$12 billion in shares, dealing a further blow to battered stock markets Reuters Shanghai CHINESE companies may be forced to sell at least US$12 billion in shares in coming weeks to meet margin calls, dealing a further blow
      Reuters  -  789 words
    • Article, Illustration
      Lock icon Merkel buys time on refugee crisis after defusing coalition spat
      807 24 Bloomberg Berlin GERMAN Chancellor Angela Merkel won time to reach a Europe-wide solution to the region’s refugee crisis after securing a deal to defuse a spat with her coalition partners that threatened her chancellorship. The pact between Mrs Merkel’s Christian
      Bloomberg; PHOTO: REUTERS  -  807 words
    • Article, Illustration
      Lock icon China removes economic data chief amid probe
      459 25 Anti-graft crackdown has spread to the finance industry and its regulators Bloomberg Hong Kong CHINA removed Wang Baoan as head of the national statistics bureau, in a case that risks further undermining confidence in government economic data. Mr Wang, 52, was sacked from
      Bloomberg; PHOTO: REUTERS  -  459 words
    • Article
      Lock icon Paper trail of fraud shows flaws in booming China funding system
      751 25 Bloomberg Shanghai AN archaic part of China’s banking system meant to provide short-term funding to companies is coming under renewed scrutiny after at least two cases of fraud were uncovered recently. An alleged fraud of almost 1 billion yuan
      Bloomberg  -  751 words
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      47 23 HOT PROPERTY LEVELZ NEAR HOLLAND F'hold 807 sf. 1+1. $1.3M neg. Luxury interior decor. Greenery view Best buy! ELEMENT STEVENS 3-bdrm 1348 sqft $2.2M ono Quiet, SCGS/ ACS/ Botanic Gdn./ Orchard. LOOKING FOR AN APARTMENT? Check out these properties and more in The Straits Times Classified now!
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      29 25 shoebox units 27 auctioned off by banks in the last two years off M Hanks in the last two years ’0/-+ To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      29 words
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  • OPINION
    • Article
      Lock icon SingPost clarifies matters to public
      2547 26 / 27  -  LETTER TO THE EDITOR Goh Yeow Tin Executive Director for and on behalf of the Board of Directors Singapore Post Limited WE refer to two articles and a letter published in The Business Times on Jan 21, 2016 (“Auditor choice raises more doubts” by Melissa
      2,547 words
    • Article
      Lock icon UK stamp duty changes not a deterrence
      480 26 / 27  -  By Alex Bellingham ~The writer is director at IP Global THE UK government’s Autumn Statement and Spending Review from Chancellor George Osborne in in November 2015 brought an unexpected stamp duty rise for buy-to-let investors. From April 1, 2016, a new Stamp Duty
      480 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Active investors may have met their match
        1108 28 / 29  -  The destructive effect of a down market is intensified for activist hedge funds because they tend to herd. By Steven Davidoff Solomon By Steven Davidoff Solomon NYT THE stockmarket slump has hit activist hedge funds particularly hard, raising the question of whether shareholder
        NYT; PHOTO: BLOOMBERG  -  1,108 words
      • brokers’ take
        • Article
          Lock icon Sembcorp Industries Buy
          136 28 / 29 OCBC Investment Research Jan 29 Close: S$2.51 Target price: S$3.42 THE share price of Sembcorp Industries (SCI) has fallen along with the broad-based selldown of the market and has also been weighed by talk of a possible privatisation of Sembcorp Marine (SMM). However, at current prices, we
          136 words
        • Article
          Lock icon Sembcorp Marine Sell
          175 28 / 29 OCBC Investment Research Jan 29 Close: S$1.555 Target price: S$1.17 WHAT will a privatisation by Sembcorp Industries (SCI) achieve? We believe this move only makes sense for SCI if the group believes in the long-term potential of Sembcorp Marine (SMM), and sees the current plunge in price
          175 words
        • Article
          Lock icon OSIM International Buy
          151 28 / 29 DBS Group Research Jan 29 Close: S$1.015 Target price: S$1.28 WE turn positive on OSIM after a more than 40 per cent share price decline since we downgraded the stock in October 2015. Valuations are attractive with dividend yield at close to 7 per cent and forward
          151 words
        • Article
          Lock icon Neo Group Buy
          218 28 / 29  -  Compiled by Melissa Tan RHB Jan 29 Close: S$0.60 Target price: S$0.82 NEO Group announced that subsidiary Thong Siek Holdings (TSH) has exercised an option to purchase a property at 22 Senoko Way from Country Foods Pte Ltd with total purchase consideration of S$15 million. The property
          218 words
      • Article, Illustration
        Lock icon In volatile market, stock-picking is key
        1174 30  -  An emerging technological innovation shock calls for different strategies for the US and Europe this year WEALTH INSIGHTS Bhaskar Laxminarayan Pictet Wealth Management ~The writer is Asia chief investment officer, Pictet Wealth Management THE year 2016 for the US and Europe is likely to
        PHOTOS: REUTERS  -  1,174 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Last walled village in downtown HK to go
      813 31 Last villagers leave Nga Tsin Wai, which was built in 1354. The authorities say it’s ‘decrepit’; new homes to come up there AFP Hong Kong A 650-YEAR-OLD urban walled village in Hong Kong the last of its kind will be demolished to
      AFP; PHOTOS: AFP  -  813 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      331 31 CRYPTIC CROSSWORD Across 1 Dine in attempt to achieve agreement (6) 4 Impersonated, like an ineffective bowler? (5,3) 9 Snatch sleep after swallowing acid (6) 10 Animals hunted in pits (8) 11 Direction suggested by one after the start (5-4) 13 Novel left regularly in a place for books? (5)
      331 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
      38 words
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      63 1 TigererWOODS AFTER ALL THE HURT, THE HURT, A HEALTHY PAUSELTHY PAUSE Z BY JAIME DIA SPIETH IETH v DS YOUNG WOO FIRST IMPRESSIONS OF RST IMPRESSIONS OF EMERGING SUPERSTARSMERGING SUPERSTARS BY S. MURALI. SERAPONG STUNNERERAPONG STUNNER 30-31 JANUARY 2016 THE BUSINESS TIMES WEEKEND HOW S’PORE’S NO. 1 COURSE W S’
      63 words
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  • Swing by sph golf
    • editor’s letter
      • Article, Illustration
        Lock icon SIZING YOUNG SUPERSTARS
        867 2  -  The results are going to come if I can maintain the parts that I think are at the top of the game and then I continue to improve on weaknesses that I have. JORDAN SPIETH The results are going to come if I can maintain the parts
        photos: Reuters, ST file  -  867 words
    • Article, Illustration
      Lock icon THE BANK OF TIGER PAYS DIVI÷DENDS
      1526 4 / 5  -  WOODS SLIPS FROM THE NO. 1 SPOT ON THE GOLF DIGEST 50 MONEY LIST FOR THE FIRST TIME, BUT YOUNG STARS SCOOP UP THE EXTRA CASH hen the legacy of Tiger Woods is determined, his most important impact might well be the better athletes
      illustration by Eddie Guy  -  1,526 words
    • Article
      Lock icon GOLF DIGEST 50
      509 4 / 5 NAME PREVIOUS RANK 1. Jordan Spieth 2. Phil Mickelson 3. Tiger Woods 4. Rory McIlroy 5. Arnold Palmer 6. Jack Nicklaus 7. Jason Day 8. Rickie Fowler 9. Justin Rose 10. Gary Player 11. Bubba Watson 12. Henrik Stenson 13. Dustin Johnson 14. Greg Norman 15. Zach
      509 words
    • Article, Illustration
      Lock icon AFTER ALL THE HURT, A HEALTHY PAUSE
      1949 6 / 7  -  THE TIGER OF OLD IS DONE, BUT A NEW VERSION COULD BRING A DIFFERENT KIND OF SATISFACTION BY JAIME DIAZ Three weeks before his 40th birthday in December, iger Woods did something he should have done a long time ago: He publicly stepped
      photos by Action Images, Hulton Archive/Getty Images  -  1,949 words
    • Article, Illustration
      Lock icon BAD ADVICE AND MEDDLING ON THE RANGE
      723 8  -  UNDERCOVER TOUR PRO BAD ADVICE AND MEDDLING ON THE RANGE he other day a friend asked, “What’s the worst advice you’ve ever received?” The question really stumped me. Every week I get unsolicited advice out here. People I don’t know have come up
      illustration by Andrew Roberts  -  723 words
    • Article, Illustration
      Lock icon PLAY YOUR BEST BEAR OF A PAR 3
      632 9  -  WILL YOU TAKE N THE BIG BUNKER? STRATEGY BY Olong BY JACK NICKLAUS Olong pr three,don’tlet yardag intimidateyou. there’s o needtocarry a the way tothemiddleof Take the third hole at the lub (illustrated) in Bend, t 253 yrds nd is typiclly PLAY
      632 words
    • Article, Illustration
      Lock icon PLAY YOUR BEST HOW TO VIDEO YOUR SWING MAKE SURE YOU GET THESE DETAILS RIGHT
      271 9  -  FIXED ON TWITTER BY HANK HANEY What are the things I get asked the most about on Twitter? Tiger Woods and your golf swing. We’ll save Tiger for another day, but if you want help
      Illustrations by Chris O'Riley, Dom Furore, photo by J.D. Cuban  -  271 words
    • singapore scene
      • Article, Illustration
        Lock icon SERAPONG SWINGS INTO GOLF DIGESTS TOP 100
        604 10 / 11  -  While the total number of golf courses in Singapore will decrease in the coming years, one championship layout keeps going from strength to strength. We’re talking about the While the total number of golf courses in Singapore will decrease in the coming years,
        photos by Tan Ju Kuang, Sentosa Golf Club  -  604 words
    • Article
      Lock icon GOLF DIGEST’S WORLD 100 GREATEST GOLF COURSES
      703 10 / 11 1 Royal County Down G.C. (Championship) Newcastle, Northern Ireland 2 Augusta National G.C. Georgia, USA 3 Pine Valley G.C. New Jersey, USA 4 Cypress Point Club Pebble Beach, USA 5 Royal Dornoch G.C. (Championship) Scotland 6 Royal Melbourne G.C. (West) Black Rock, Australia
      703 words
    • tried & tested
      • Article, Illustration
        Lock icon PERFORMANCE BALLS
        293 10 / 11 Some of the best perfor- mance balls from Titleist just got makeovers and they promise to help your game without breaking the bank. The new Titleist NXT Tour and NXT Tour S have just been launched and possess added performance features to help your game. A larger centre
        293 words
      • Article, Illustration
        Lock icon DIAL M FOR MAXIMUM DISTANCE AND FORGIVENESS
        144 10 / 11 You can always trust TaylorMade to follow a successful product with a new and improved version a few months down the line. After the M1 burst into the scene late last year, the applause had barely died down before they launched the M2
        photos by TaylorMade, Titleist  -  144 words
    • play it
      • Article
        Lock icon INDOOR FUN AND GAMES
        229 10 / 11 Indoor simulator golf is not something to be trifled with these days especially when you consider what an outfit like Micro Range Golf has to offer. The new enterprise offers state-of-the-art launch monitor technology through the Foresight Sports GC2-K from the USA that gives you more
        229 words
      • Article
        Lock icon LIVING HEROES
        232 10 / 11 Golf and charity go in hand, and there’s nothing like teeing it up for a greater good. Little Heroes’ Dreams (LHD), a nonprofit organisation that seeks to empower underprivileged kids for a sustainable future will hold their annual charity golf event, Swing For The Kids, on 12 and
        232 words
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      355 3 Advertorial Waterbank Dakota I M •-1 2 -I 1 > *il ill ill ■i if-Hiiis Singapore’s Innovative Construction Conglomerate Stands Tall I x-T V>, V, W, Pi s si* 3»> s il 1 <_ I_J.« 1 •:v m Ul IT i* 3 ■<* Spottiswoode Residences If its long-running impeccable track
      355 words
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      52 8 H 100% Natural Not from concentrate No added colors flavors ..dded s„ tf" er Ca fjl Fat free Gluten free Cholesterol free 5 Essential electrolytes Potassium Calcium Magnesium Phosphorus Sodium The Natural Hydration for You V Mil 4 HR Afel h Coconu ater For Better Hydration 5 Essential Electrolytes ■H
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      97 10 / 11 Happy New Year!! dining voucher Want to win a $50 TungLok?at Answer this simple question: The SMBC Singapore Open 2016 is being played at Sentosa’s Serapong Course. True or False? E-mail the answer with your full name, the last four digits and the alphabet of your IC number (eg. 1234A)
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      39 12 OYSTER PERPETUAL LADY-DATEJUST 28 IN PLATINUM t ROLEX J w a vj O XV «C)' cortincTwatch CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 008-4 RAFFLES CITY, #OI-36A. TEL: 6339 9185 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
      39 words