The Business Times, 3 February 2016

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Microfilm: NL33777
Total Pages: 24
1 24 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 Wednesday, February 3, 2016
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  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 2,579.23 -23.18 KL COMP 1,653.18 -14.62 NIKKEI 225 17,750.68 -114.55 HANG SENG 19,446.84 -148.66 SHENZHEN B 1,142.84 +10.05 DOW (10:45am EST) 16,217.56 -231.62
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  • Article, Illustration
    Lock icon DAILY DIGEST
    132 1 The three-month swap offer rate continues to slide as the US dollar takes a breather, down some 30 per cent from Jan 13. TOP STORIES 2 Peer-to-peer online lender MoolahSense offers a slew of flexible short-term financing solutions for SMEs. TOP STORIES 5 One in three Singapore investors
    132 words
  • Article, Illustration
    Lock icon Reprieve on minimum trading price as SGX tweaks calculation method
    752 1  -  It also gives 20 Mainboard companies hit by market volatility 6 more months to raise their share price above 20 cents By kenlim@sph.com.sg Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore Exchange (SGX) gave Mainboard-listed companies on the margins of a
    FILE PHOTO  -  752 words
  • Article
    Lock icon Banker to Jho Low, 1MDB units seeks to unfreeze US$10m in S’pore
    794 1  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AS the multiple probes into Malaysia’s troubled 1Malaysia Development Berhad appear to switch into high gear, particularly abroad, the first legal case linked to the high-pro-file scandal is set to take place
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  • TOP STORIES
    • Article, Illustration
      Lock icon Economists see S’pore manufacturing activity picking up by Q2
      542 2  -  By Soon weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE’S manufacturing sector, already morose from a seven-month contraction that mirrors a regional trend, is in for a few more moribund months ahead, say economists. But as the global economy shifts, some of them are
      Source: Singapore Institute of Purchasing & Materials Management  -  542 words
    • Article, Illustration
      Lock icon Singapore swap offer rate still slipping as greenback pauses
      571 2  -  At 1.255%, the 3-month SOR is now some 30% down from 1.762% on Jan 13 and closing in on 3-month Sibor By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore A KEY interest rate, the three-month swap offer rate (SOR), continues to slide
      Source: Bloomberg  -  571 words
    • Article
      Lock icon 2016 investments target lowered to S$8-10b
      723 2  -  EDB REVIEW By Lee u-wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE amount of investments in Singapore in 2015 may have exceeded the government’s forecasts, but the uncertain global economic outlook will likely result in the numbers falling this year. The Economic Development Board (EDB), the country’s
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    • Article
      Lock icon Manufacturing still key sector for S’pore: EDB
      472 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHILE weaker global demand is likely to continue affecting Singapore’s manufacturing output, the Economic Development Board (EDB) is confident about the “underlying health” of the sector. “We remain attractive (in manufacturing), as you can see from the
      472 words
    • Article
      Lock icon Correction
      65 2 IN “Keppel, SembMarine: sale of non-core assets ‘a more likely scenario’ (BT, Jan 2), we wrongly quoted Bloomberg as saying that Temasek was looking at selling its 19.1 per cent stake in Singapore telco M1 and trimming its 44.6 per cent interest in office landlord Keppel Reit. It should
      65 words
    • Article, Illustration
      Lock icon Tripartite talks focus on protecting S’porean core
      568 4  -  Government, business and labour leaders discuss the implications of this, and agree that now when the economy is soft is the time to train workers, invest in productivity tools By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore PROTECTING the Singaporean core was the dominating
      568 words
    • Article
      Lock icon Singapore stays 2nd freest economy in world after HK
      534 4  -  Gap between them widens to 0.8 point, from 0.2 point in 2015, in Index of Economic Freedom By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE has retained its position as the second freest economy in the world after Hong Kong in the
      534 words
    • Article
      Lock icon Liberalise tax rules to spur entrepreneurship: PwC
      409 4  -  By kellytay@sph.com.sg Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE can do more to support entrepreneurship by tweaking its existing tax rules, says PwC Singapore. Specifically, it has asked the government to liberalise the rules for the deduction of expenses on new ventures. At present,
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    • Article
      Lock icon Business groups express shock at KL’s sudden worker-levy hike
      731 4  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIAN businesses are urging the government to make a bigger push to legalise the estimated four million illegal workers saying that Putrajaya could raise far more revenue through the foreign worker levy than the RM2.5
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    • Article, Illustration
      Lock icon Sanofi launches hunt for Zika vaccine as disease fears grow
      645 4 REUTERS Paris FRENCH drugmaker Sanofi has launched a project to develop a vaccine against the Zika virus in the most decisive commitment yet by a major vaccine producer to fight the disease linked to multiple birth defects in Brazil. The
      REUTERS; PHOTO: REUTERS  -  645 words
    • Article
      Lock icon Metro’s MD Jopie Ong dies
      204 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore METRO'S group managing director Jopie Ong, who was in his 70s, died on Tuesday, after helming the local retailer for over four decades. The circumstances of his death were unclear as of press time; Metro told The Business Times
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    • Article, Illustration
      Lock icon South Beach, Studio M owner exploring external operators
      898 5  -  Hong Leong Group’s exercise aims to lift trading performance of properties amid intense competition and sea change By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore INTENSIFYING competition in the Singapore hotel market has upped the ante for owners to look for ways to enhance
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    • Article
      Lock icon MoolahSense offers SMEs wider range of short-term loans
      532 5  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MOOLAHSENSE, a homegrown peer-to-peer (P2P) online lending platform, has introduced a slew of flexible short-term financing solutions for small and medium-sized enterprises (SMEs). The move comes amid keener competition among similar platforms here. And as
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      Lock icon Page 2 Advertisements Column 1
      322 2 The 30th Chua Chor Teck Memorial Lecture Singapore’s Marine and Offshore Industry What the past 45 years can teach us about the future Alectureby Mr Choo Chiau Beng,FormerCEOofKeppelCorporation ThelecturewillbechairedbyChairmanofTemasekHoldings,MrLimBoonHeng The lecture will cover developments from the time Mr Choo returned in 1971 upon graduation from Newcastle. Shiprepairthenwasmainlyconductedin Keppel Shipyard, Jurong
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      212 5 BMW PRIORITY PLUS*. STEP INTO A WORLD OF PRIVILEGE. BMW DISPLAY KEY. UNIQUE IN ITS ESSENCE. THE LION CITY HAS A NEW KING. THE ALL-NEW BMW 7 SERIES. DRIVING LUXURY. The best way to predict the future, is to create it. With the all-new BMW 7 Series, BMW sets the
      212 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Building a vibrant stock market is a shared responsibility
      611 6  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT ALMOST exactly a year ago, 1,225 trading representatives (TRs) signed a petition to the Finance Minister that listed suggestions to improve their profession and conditions in the local stock market. That petition was
      611 words
    • Article, Illustration
      Lock icon Two in three Singapore investors regret not planning investments better: Manulife
      545 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore ONE in three Singapore investors hold debt, excluding mortgages; and more than two in three (69 per cent) regret not planning their investments better. This was according to results from the latest Manulife
      PHOTO: LAURA NG  -  545 words
    • Article
      Lock icon The Hour Glass Q3 profit dips 2% to S$14.5m
      344 6  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WATCH retailer The Hour Glass on Tuesday reported a marginal 2 per cent slip in net profit to S$ 14.51 million for the third quarter ended Dec 31, 2015. Revenue for Q3 FY2016 was flat
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    • Article
      Lock icon High-yield bonds will rebound, says top US junk-bond fund manager
      760 6 BLOOMBERG Boston GENE Neavin, co-manager of the toprated US$753 million Federated High Yield Trust, divides junk bonds into two categories: the 10 per cent of the market issued by metals, mining and energy companies, and the 90 per cent from
      BLOOMBERG  -  760 words
    • Article
      Lock icon Rule dents small caps’ market values: study
      564 8  -  University of Münster researchers find small caps that are exempted did 20.5% better in returns over 2-year period QUARTERLY REPORTING By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore MANDATORY quarterly reporting could cost Singapore-listed smallcaps an average of S$9.0 million in “lost” market value that
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    • Article
      Lock icon Focus on quarterly earnings contrary to long-term value creation: BlackRock CEO
      690 8 NYT New York MOST money managers clamour for companies to provide detailed guidance on their next quarter, down to the penny but not the world’s largest investor. Laurence D Fink, co-founder and chief executive of BlackRock, which with more
      NYT  -  690 words
    • Article
      Lock icon HPH Trust swings into the black for Q4 with HK$533m profit
      574 9  -  improved bottomline for FY15 due to absence of goodwill impairment loss seen for FY14 By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore HUTCHISON Port Holdings Trust (HPH Trust) on Tuesday posted a HK$533.3 million (S$97.8 million) profit attributable to unitholders
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    • Article
      Lock icon Norway’s sovereign wealth fund aims to continue outpacing global markets
      401 9 REUTERS Oslo NORWAY’S US$810 billion sovereign wealth fund, the world’s largest, will continue its bid to outperform global markets despite the added risks involved, the central bank official supervising the fund said. The country’s rainy-day savings, worth more than twice
      REUTERS  -  401 words
    • Article
      Lock icon Office Reits set to tough out above-normal supply
      344 9 Singapore THE four office Reits which reported quarterly earnings over the last two weeks of January OUE Commercial Reit, Keppel Reit, Frasers Commercial Trust and CapitaLand Commercial Trust have averaged a negative total return of 2.4 per cent, going by Tuesday’s data
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    • CORPORATE DIGEST
      • Article
        Lock icon Old Mutual Wealth
        103 9 A UNIT of London-based Old Mutual Group has inked a deal to acquire an expatriate advisory firm in Singapore, it said in a press release. Old Mutual Wealth is paying an undisclosed sum to buy aam Advisory, which it said was the largest expatriate advisory firm in
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      • Article
        Lock icon Chuan Hup Holdings
        135 9 EARNINGS for electronics manufacturer and property developer Chuan Hup Holdings grew almost fourfold to US$3.6 million (S$5.1 million) for the second quarter. This was up from US$922,000 a year ago, as the mark-to-market valuations of its investments rose and it recorded a foreign exchange gain on the
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      • Article
        Lock icon Technics Oil & Gas
        40 9 Technics Oil Gas TECHNICS Oil Gas has issued a profit warning for the three months ended Dec 31, 2015. It expects to report an operating net loss for Q1 FY2016, the group said on Tuesday in a Singapore Exchange announcement.
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      • Article
        Lock icon Genting Hong Kong
        131 9 GENTING Hong Kong issued a profit alert on Tuesday, saying that its net profit for the year ended Dec 31, 2015 is expected to be at least US$2 billion a massive increase from the net profit (excluding the share of results of travellers) of US$331.7 million for
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    • Article, Illustration
      Lock icon 511 I catalist
      63 10 Straits Times Index Feb 2,2016 2,579.23 -23.18 (-0.89%) Current streak 2 days Day high 2,602.36 Day low 2,578.27 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Feb 2,2016 430.37 +1.70 (+0.40%) Current streak 1 day Day high 430.48 Day
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    • Article
      Lock icon GAINERS
      74 10 BY CENTS CLOSE UP 52w high/low JMH USD 5310 57.0 0.8 6700/4500 GLD US$ ***** 51.3 0.3 *****/***** Lyxor EM Mkt US$ 789 48.4 4.5 1104/755 DBXT Vietnam US$ 2173 18.5 0.6 2786/2017 JSH USD 2707 18.5 0.5 3593/2524 BY PERCENTAGE CLOSE UP 52w high/low Next-Gen Sat 0.3 50.0
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    • Article
      Lock icon LOSERS
      75 10 BY CENTS CLOSE DOWN 52w high/low DBXT DBLCI-OY US$ 1946 -417.3 -13.1 2600/1946 DBXT MSKorea US$ 4812 -76.9 -1.1 6246/4478 UOB 1739 -38.0 -2.1 2505/1701 DBS Grp 1351 -27.0 -2.0 2150/1345 Jardine C&C 3613 -27.0 -0.7 4258/2636 BY PERCENTAGE CLOSE DOWN 52w high/low China Great Land 1.5 -40.0 -1.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      87 10 VOL CLOSE($) CHANGE China Great Land 247.0 0.015 -0.010 -40.00 CEI Contract Mfg 310.3 0.555 +0.060 +12.12 Polaris 7,826.6 0.007 +0.002 +40.00 Xyec 31.2 0.210 +0.040 +23.53 Ocean Sky Intl 210.4 0.069 -0.006 -8.00 Chiwayland Intl 8,287.6 0.063 +0.006 +10.53 ITE Electric 81.0 0.045 +0.010 +28.57 Hu An
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    • Article, Illustration
      Lock icon STI falls 0.9% amid weak Dow futures
      605 10  -  All three banks end session weaker; Shanghai Composite rebounds 2.3%, but Hang Seng Index closes 0.8% lower STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday dropped 23.18 points, or 0.9 per cent, to 2,579.23 in tandem with a weak
      Source: Bloomberg  -  605 words
    • Article
      Lock icon STI STOCKS
      304 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 +1 237/226 271 209 6.3 6067.8 CapitaLand 299 -5 306/298 379 267 11 3 ***** CapitaMall Trust 202 +2 203/201 228 184.5 5.6 7020.1 CityDev 700 -19 715/698 1095 661 8.4
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    • Article
      Lock icon MOST ACTIVE
      37 10 VOLUME Global Logistic 47,513,900 Noble 39,859,800 ST Engineering 27,964,100 Ezra 24,525,700 Genting Sing 24,455,700 Market volume 823,905,000 VALUE DBS Grp 139,301,658 Global Logistic 78,869,245 ST Engineering 75,724,595 OCBC Bank 63,922,599 Singtel 59,023,938 Market value 1,001,236,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Feb 2 VALUE CLOSE BT OB/OS -357.00 -217.00 BT CADI -*****.00 -42.00 BT 10-day MA -*****.00 -35.00 FTSE ST Mid Cap 630.80 -2.54 FTSE ST Small Cap 377.54 -2.18 FTSE ST All Share 638.01 -3.79 FTSE ST China Top 153.21 -1.11 FTSE ST China 185.08 -0.77 FTSE
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    • Article
      Lock icon SGX ETFs
      111 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 260 xd -2 696 261/260 355/257 259/260 IS MS INDIA US$ US635 -6 62 641/631 838/605 632/635 79.4 DBXT MSBrazil US$ US214 +2 56 214/213 399/190 212/213 DBXT MSRussia US$ US157 -6 41 160/157
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    • Article, Illustration
      Lock icon STI / FTSE ST All-share
      35 10 STI FTSE ST All-share FTSE ST All-Share index Feb 2,2016 638.01 -3.79 (-0.59%) Current streak 2 days Day high 642.05 Day low 637.56 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 10 STI MSCI EAFE MSCI EAFE index Feb 1,2016 1,604.89 +13.43 (+0.84%) Current streak 2 days Day high 1,607.27 Day low 1,591.88 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 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 1 0 1 0 7 7 1 Manufacturing 28 38 31 8 5 8 36 43 39 Commerce 16 14 10 5 2 4 21 16 14 Tpt/Stor/Comms 14 15 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 43,002 501 43,503 128,023 75 128,097 Manufacturing 104,226 17,026 121,252 84,837 701 85,539 Commerce 48,359 12,007 60,366 56,070 568 56,638 Tpt/Stor/Comms 93,395 285 93,680 128,623 23 128,647 Finance 24,154 36 24,190 254,179 5 254,184 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon SIA Engineering | Buy
        172 10 SIA Engineering Buy Target price: S$3.84 Feb 2 close: S$3.40 DBS Group Research, Feb 2 SIA Engineering’s heavy maintenance segment has been grappling with longer intervals between maintenance cycles of new planes, and engine shops’ performance has also been soft as some older engine models are phased out. However, new
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      • Article
        Lock icon SIA Engineering | Hold
        157 10 SIA Engineering Hold Target price: S$3.62 CIMB Research, Feb 1 Share of profits from associates and joint ventures (JVs) were boosted by S$13.6 million of restructuring gains, including profit from the sale of facilities. There were also S$6.8 million liquidation and impairment losses in associates that were recorded at SIA
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      • Article
        Lock icon IPS Securex | Buy
        120 10  - IPS Securex Buy Compiled by Cai Haoxiang Target price: S$0.40 Feb 2 close: S$0.195 RHB Research, Feb 2 IPS Securex (IPSS SP) has entered into a new reseller agreement with Undersea Sensor Systems, Inc for the distribution of USSI’s Hyperspike range of acoustic hailing devices, for a period of five
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    • Article
      Lock icon CALENDAR
      16 10 DATA I Feb 3 Singapore COE Bidding Results I Feb 3 US MBA Mortgage Applications
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    • Article
      Lock icon Yen rises as global mood sours again
      459 11 CURRENCIES REUTERS London THE yen inched higher on Tuesday as another drop in oil and stock markets sent investors back to traditional safe havens, hammering commodity-de-pendent currencies in the process. The Australian and New Zealand dollars both sank almost one per cent in
      REUTERS  -  459 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Feb 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.993 4.661 0.650 5.511 48.084 96.633 0.855 8.549 2.979 1.086 74.320 33.821 1.009 11.305 0.722 23.695 25.295 0.492 0.708 Canada 1.007 4.695
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Feb 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0088 1.0094 0.7083 0.7086 Canadian dollar 1.0161 1.0166 0.7136 0.7134 Euro 1.5529 1.5538 1.0904 1.0908 NZ dollar 0.9284 0.9293 0.6519 0.6524 Sterling pound 2.0491 2.0500 1.4388 1.4391
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Feb 2 S$ Bid Offer 1-month 1.4247 1.4254 2-months 1.4256 1.4261 3-months 1.4261 1.4274 6-months 1.4292 1.4301 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        389 11 Feb 2 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Feb16 8540.00 8855.00 8510.00 8800.00 *****6 *****6 Mar16 8425.00 8717.50 8390.00 8662.50 1496 2551 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Jun16 *****.00 *****.00 *****.00 *****.00 105 5774 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        207 11 Most active Feb 2 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Second Chance Prop W*****4 0.2 unch ***** 1 40 *****.00 17 KepCorp MB eCW*****1 7.5 -0.2 ***** 0.2 600 9 Secura Group W*****5 1.3 0.1 6904 1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Feb 1 Index Change Change Change Change Change Change World Preliminary 1206.4 -0.1 -5.6 0.2 -5.6 0.1 -5.9 EAFE Preliminary 956.4 0.3 -5.6 0.9 -6.2 0.8 -6.5 Europe Preliminary 1336.3 -0.4 -5.4
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Feb 2 $S Offer Bid 0vernight 0.06 0.04 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.05 US$ 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
        69 11 Feb 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.53 100.60 100.58 5-Year NX*****X 2.250 01-Jun-21 101.99 102.08 102.00 10-Year NX*****Z 2.375 01-Jun-25 101.24 101.35 101.20 15-Year NZ*****F 2.875 01-Sep-30 103.51 103.70 103.55 20-Year NZ*****V 3.375 01-Sep-33 110.4
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Feb-1 Price Net change change Last Trade Agricultural Feb-1 CBOT Soybeans (US cents/bu) 880.75 -1.50 -0.17% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.76 -0.12 -0.39% 14/03/2016 CBOT Wheat (US cents/bu) 475.25 -4.00 -0.83% 14/03/2016 Feb-1 LIFFE Cocoa (£/tonne) 2067.00 58.00 2.89% 14/03/2016 LIFFE Coffee (US$/tonne) 1368.00 0.00 0.00%
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    • Article
      Lock icon SGX MAINBOARD
      1661 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 133.5cd -0.5 222 134 132 1 8.3 848.2 MCap 175.5 101 ARA Asset Mgmt 104.5 +2 113 105 104 2.1
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    • Article
      Lock icon SGX CATALIST
      259 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 18.9 -0.1 220 19 18.9 5.9 2.8
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    • Article
      Lock icon SGX ETF
      114 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1102 0 1105 1102 1043 700 CIMBASEAN40 US$ US764 +4 8 764 764 119.8 4258 2407 DBXT China50 US$ US2521 -8 2 2521 2521
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      Lock icon Page 6 Advertisements Column 1
      574 6 (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore and managed by Hutchison Port Holdings Management Pte. Limited) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Hutchison Port Holdings Trust (“HPH
      574 words
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      Lock icon Page 7 Advertisements Column 1
      3405 7 Lantrovision (S) Ltd MIRAIT Singapore Pte. Ltd. (Company Registration No.: *****3374R) (Company Registration No.: *****0358H) (Incorporated in Singapore) (Incorporated in Singapore) JOINT ANNOUNCEMENT PROPOSED ACQUISITION BY MIRAIT SINGAPORE PTE. LTD. OF ALL THE ISSUED AND PAID-UP ORDINARY SHARES IN THE CAPITAL OF LANTROVISION (S) LTD BY WAY OF A SCHEME
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      Lock icon Page 7 Advertisements Column 2
      3133 7 10. APPROVALS REQUIRED 10.1 Court Meeting and Court Sanction. The Scheme will require, inter alia, the following approvals: (a) the approval of the Scheme by a majority in number of Shareholders representing not less than three-fourths in value of the Shares held by Shareholders present and voting either in person
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      1388 8 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l
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      Lock icon Page 8 Advertisements Column 2
      1411 8 BH GLOBAL CORPORATION LTD (Company Registration Number: *****4900H) (Incorporated in the Republic of Singapore) CORPORATION LTD NOTICE OF EXTRAORDINARY GENERAL MEETING AH capitalised terms in this Notice of Extraordinary General Meeting and defined in the circular dated 3 February 2016 (the "Circular") shall, unless otherwise defined herein, bear the respective
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      258 9 a "V-*' v HEART TO HEART TALK Diagnosis Treatment Prevention Learn about your heart’s health and how to take better care of your heart. Led by Dr Michael Lim, internationally renowned Interventional cardiologist and regular contributor of “Health” articles featured in The Business Times Weekend every fortnight. Date: 20 th
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      71 12 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 S’pore is 75th in ‘city momentum’ rankings
      752 13  -  It slipped from 17th place due to short-term indicators such as rental growth and investment volume dominating JLL’s index By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE dropped from 17th place in 2015 to 75th place in 2016 on JLL’s City Momentum Index (CMI).
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    • Article
      Lock icon Colliers fills industrial services team with new recruits
      351 13  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore COLLIERS International (Singapore) has renewed its industrial services team with new additions. The team will be headed by industrial space veteran Lim Kien Kim, who joins Colliers as executive director. Together with him are three others
      351 words
    • Article
      Lock icon Century 21 Singapore joins SRX membership
      324 13  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CENTURY 21 Singapore Holdings Pte Ltd (C21), together with its affiliates, has become a member of Singapore Real Estate Exchange (SRX), joining 14 other agencies that have already done so. There are some 410 real estate agents registered
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      Lock icon HK home prices, transactions slump amid poor sentiment
      724 13 BLOOMBERG Hong Kong IN a city that saw demand propel property prices to a record last year, the estimate that transactions reached a 25 year-low in Hong Kong shows how quickly sentiment has turned. Home prices have slumped almost 10 per cent
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      Lock icon China cuts downpayments on some home purchases
      332 13 Shanghai CHINA will cut the minimum downpayment for some home purchases by five percentage points, the central bank said on Tuesday, as it attempts to kick-start a sluggish housing market that is both cause and effect of a broader growth slowdown. The People’s
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  • BANKING & FINANCE
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      27 14 LEADING CHOICE. At different stages of your career, there is only STJobs, your one-stop career portal. Unleash your potential. STJOBS I G© STJobs.sg f v f 4
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon New Indian rule backfires, boosts unofficial gold trade
      583 15 If rule fails, it will thwart Modi’s efforts to curb imports and stop the metal from being used to hide “black money” REUTERS Mumbai TRY as it might, the Indian government appears to be unable to curb the country’s love for gold.
      REUTERS; PHOTO: REUTERS  -  583 words
    • Article
      Lock icon S&P cuts BHP’s ratings, puts Rio on watch
      285 15 REUTERS Sydney RATINGS agency Standard Poor’s on Tuesday lowered the credit ratings of BHP Billiton and put it on negative watch, while it placed Rio Tinto on negative watch, both actions due to challenging market conditions. The ratings agency cut BHP’s debt
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    • Article
      Lock icon Texas shale drillers lure US$2 billion in new equity to Permian
      773 15 Analyst sees “heavy wave” of more new share sales as producers try to avoid piling on additional debt BLOOMBERG Chicago OIL producers in West Texas, defying expectations that they would fall victim to Opec’s price war, are instead selling
      BLOOMBERG  -  773 words
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      394 15 Wine, Dine oc nu^uiivu #r ST *T* I 1 8:05 -3 PM Let Love Sparkle This Valentine's weekend, allow Fairmont Singapore to convey your expressions of love through an array of romantic dining experiences. Prego (Level 1) 12 to 14 February Valentine's Day Dinner I Signature dishes from $15"14 February
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Google parent Alphabet grows briskly, likely to overtake Apple
      952 16 Its revenue rises 24% to US$21.3 billion year on year on account of strong growth in mobile search and YouTube NYT New York WALL Street got its first glimpse of the financial details of a new conglomerate called Alphabet on Monday.
      NYT; PHOTO: REUTERS  -  952 words
    • Article
      Lock icon Facebook-owned WhatsApp boasts a billion users
      224 16 AFP San Francisco FACEBOOK-OWNED smartphone messaging service WhatsApp has hit the billion-user mark, according to the leading social network’s chief and co-founder Mark Zuckerberg. “One billion people now use WhatsApp,” Zuckerberg said in a post on his Facebook page. “There are only a few
      AFP  -  224 words
    • Article, Illustration
      Lock icon Yahoo accused of bias in use of rating system
      813 16 NYT San Francisco ONE of Marissa Mayer’s signature policies as chief executive of Yahoo has been the quarterly performance review, in which every employee at the company is ranked on a scale of one to five. The ratings have been used
      NYT  -  813 words
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      10 16 Skipthe queue! Visit Z-Shopfor yourCNY spree! Scan Shop now! Partner
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      59 16 m OPTIMISING THE WORK ENVIRONMENT ASIA 2 0 16 29 JUNE-1 JULY 2016 Marina Bay Sands, Singapore Sands Expo Convention Centre OFFICE TECHNOLOGY AUTOMATION INTERESTED TO EXHIBIT? (65) 6848 5938 (3 OEA@bizlink.com.sg Organised By: BIZUNK Exhibition Services Pte Ltd A SUBSIDIARY OF SjJl 9 Block 8 Lorong Bakar Batu, #07-07
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      62 16 #BURN theBOX Startup founders, do you have an opinion of how the media landscape will play out? Get a glimpse into the minds of forward thinkers in the media business. Bring your ideas with you and #burnthebox with us! Sign up burn-the-box.eventbrite.com 4 February 2016, Thursday (6PM -9PM) BASH, Level
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  • CONSUMER
    • Article, Illustration
      Lock icon Foreign companies bet on China’s consumers
      856 17 Diverging experience between sectors seen as economic slowdown hurts manufacturing REUTERS London COFFEE shops, burger bars and clothes stores are among the foreign businesses in China that say they are thriving despite the economic slowdown that is hurting the manufacturing sector. A Reuters examination
      REUTERS; PHOTO: BLOOMBERG  -  856 words
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      Lock icon Abbott acquires medical tests maker Alere for US$5.8 billion
      450 17 NYT New York ABBOTT said on Monday that it had agreed to acquire Alere for an expected US$5.8 billion to enhance its diagnostics business. Alere, which had a market value of US$3.2 billion last Friday, makes “point of care” medical tests
      NYT  -  450 words
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  • TRANSPORT
    • Article
      Lock icon Need for courts to treat seafarers fairly
      818 18  -  Two long-running cases have put the vexed issue of criminalisation of seafarers back in the spotlight STRAIT TALK BY DAVID HUGHES TWO court rulings in recent weeks, both overturning previous decisions by lower courts, have put the spotlight firmly back on the vexed
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    • Article
      Lock icon Tata may change name of new Zica car as virus spreads
      300 18 AFP New Delhi INDIAN carmaker Tata Motors is considering changing the name of its new Zica hatchback as global panic mounts over an outbreak of the iden-tical-sounding Zika virus, the company said on Tuesday. Tata Motors has in recent
      AFP  -  300 words
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      Lock icon Zika fears pushing up travel insurance sales for trips to Latin America
      583 18 REUTERS New York TRAVEL insurance sales for trips to Latin America have surged as vacationers consider scrapping their plans to avoid the rapidly spreading Zika virus, one of the top US providers, RoamRight, said on Monday. The Maryland-based
      REUTERS; PHOTO: REUTERS  -  583 words
    • Article
      Lock icon Global carmakers wary of China certification shift
      717 18 REUTERS Beijing SOME global carmakers are worried that China is pushing its weight around as the world’s biggest car market by enforcing its own, often outdated, vehicle certification standards on foreign cars. China previously allowed global brands to sell cars without local certification
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    • Article
      Lock icon easyJet testing plane with fuel cell system to help cut costs
      382 18 REUTERS Venice BRITISH low-cost airline easyjet said that it would be conducting trials of a new fuel cell system on planes that could cut its fuel bill by up to US$35 million a year, as part of its battle
      REUTERS  -  382 words
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      284 18 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of SPRINGFIELD COMMODITIES PTE. LTD. Company Reg. No. *****0883D Notice of Creditors’ Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is hereby given that pursuant to Section 296 of the Companies Act, Cap.
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  • OPINION
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      Lock icon SGX must tread carefully on rules governing quarterly reporting
      554 20 EDITORIAL WHEN mandatory quarterly reporting was introduced in January 2003, it was preceded by vigorous debate over its merits that lasted many months. As a concession to those not in favour, companies with a market capitalisation of less than S$20 million
      554 words
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      Lock icon Laying the foundation for TPP compliance
      1035 20  -  In addition to using a framework from the World Customs Organization, businesses can leverage emerging technology and embed themselves in collaborative networks.BY ALEX CAPRI networks.BY ALEX CAPRI T The writer is a visiting senior fellow at the National university of Singapore Business School THE
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      Lock icon With EU in crisis, Britain may well disengage itself
      881 20  -  THE BOTTOM LINE By David Mason T The writer, a former partner of Price Waterhouse Singapore, runs his own consulting business in the UK IS Britain an integral part of Europe or just a set of offshore islands with more interests
      881 words
    • Article
      Lock icon US presidential race: a great deal at stake as the world watches
      1135 21  -  COMMENTARY By Andrew Hammond TThe writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics Des Moines, Iowa MONDAY’S Iowa caucuses saw former secretary of state Hillary
      1,135 words
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      Lock icon Japan political scandals: cynical opportunism, not matter of principle
      801 21  -  COMMENTARY By Anthony Rowley Tokyo POLITICAL scandals in Japan are no laughing matters and have become more like pantomime than kabuki drama.The latest one involving the sudden fall from grace last week of economy minister Akira Amari, a key figure in
      801 words
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      Lock icon Trump loses in the Iowa caucus, but is not fired (yet)
      1156 21  -  The brash billionaire loses momentum by coming in second to Senator Ted Cruz, but polls on the eve of the Iowa polls say he is picking up support even among evangelical Christians By Leon Hadar Washington HE is the
      PHOTO: REUTERS  -  1,156 words
    • Article
      Lock icon Why is mailing a letter in Singapore so complicated?
      261 21  - Why is mailing a letter in Singapore so complicated LETTER TO THE EDITOR Denis Distant SINGPOST should not complicate the simple task of mailing a letter. Stamps dispensed by machines do not state the postage value. Originally, stamps used to merely show Local for mail to Singapore addresses. Recently, this
      261 words
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  • Page 22 Advertisements
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      1987 22 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PG PKL KUC KK JKT MALAYSIA STAR 55 50 8/2 10/2 13/2 15/2 TAIKLI 045 55 80 15/2 19/2 WHTIE TOKIO 015 60
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      245 22 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 138 BST081 04/02/2016 05/02/2016 Buatan/Buatan DAILY Marco Polo 178 TTS047 04/02/2016 05/02/2016 Tebing Tinggi/Jambi DAILY Marco
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  • LIFE & CULTURE
    • Article
      Lock icon Festival organiser SFX Entertainment declares bankruptcy
      583 23 NYT New York SFX Entertainment, the company created four years ago to capitalise on the popularity of dance music festivals, declared bankruptcy on Monday, after a troubled year in which the company’s founder abandoned a takeover bid and its stock plunged more than 95
      NYT  -  583 words
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      Lock icon Grammys organisation wants to create political action committee
      792 23 It will raise money and funnel it to congressional candidates deemed sympathetic to their causes NYT New York FOR years, the music industry’s lobbying efforts have been hampered by factionalism, as different sides of the business competed to influence lawmakers. Now, with
      NYT; PHOTOS: BLOOMBERG  -  792 words
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      Lock icon Plastic paradise: HK’s packaging problem
      984 23 Over 2,000 tonnes of the material is thrown out daily, clogging up country parks and coastal areas AFP Hong Kong A LITTLE girl shrieks with excitement as she strolls along the beach: “Oh look mummy. Hong Kong snow.” Despite the cold snap, what she’s pointing
      AFP; PHOTO: AFP  -  984 words
  • Page 23 Miscellaneous
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      Lock icon Page 23 Miscellaneous Column 1
      344 23 CRYPTIC CROSSWORD Across 1 Old man developing nice tan (7) 5 Fashion designer embracing new means of communication (7) 9 Unattractively artificial closing in picture (7) 10 Returned embarrassed about movement in ballet (7) 11 Security at home certain to restrict an onset in crime (9) 12 Heard to waste
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  • EXECUTIVE MONEY
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      Lock icon Currency traders are struggling to parlay volatility into profit
      794 24 BLOOMBERG Sydney CURRENCY traders are getting whiplash from the pile-up of policy surprises that have come their way in the past six months. And because the big events have been unexpected, they’re in a bind to translate rising volatility into bigger
      BLOOMBERG; PHOTO: AFP  -  794 words
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      Lock icon Volatility calls for caution, but opportunities still abound
      777 24  -  Fund managers say that apart from the China Syndrome, high dividend yielding assets offer hope.BY hope.BY GENEVIEVE CUA gen@sph.com.sg @GenCuaBT FUND managers sound caution over volatile markets this year, and multi-asset portfolios are likely to see more tactical shifts than in normal
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    • Article
      Lock icon Why the US election cycle weighs on Wall Street
      795 24 BLOOMBERG New York AMONG the many rationales given for the drubbing in US equities this year, one that is rarely mentioned is the election cycle. Maybe, it should be. Research from Ned Davis Research Group shows that the last year of
      BLOOMBERG  -  795 words
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