The Business Times, 10 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 10, 2016
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  • Article
    Lock icon MARKETS
    23 1 Tuesday Change STI CLOSED KL COMP CLOSED NIKKEI 225 16,085.44 -918.86 HANG SENG CLOSED SHENZHEN B CLOSED Dow (10.45 EST) 15,923.47 -103.58
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  • Article, Illustration
    Lock icon DAILY DIGEST
    225 1 Prime Minister Lee Hsien Loong is heading to California for a week-long working visit until Feb 16, his first trip to the US since June 2014. He will meet the head honchos of several prominent US technology companies. TOP STORIES 4 Neighbours long had doubts about the Taiwan
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  • Article, Illustration
    Lock icon Low oil prices: Consumers benefited more than industries last year
    1339 1  -  Electricity and petrol prices drop 15% and 5.5%; industries bruised by anaemic global economy more than they gained from lower costs By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE was supposed to have emerged as a winner from the low oil
    PHOTO: REUTERS  -  1,339 words
  • Article, Illustration
    Lock icon Yen soars, triggering alarm and major stock sell-off in Tokyo
    595 1  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE yen soared to its highest level in more than a year against the US dollar on Tuesday, hitting 114.21 at one point and provoking a shocking 918-point or 5.4 per cent plunge in the
    source: Bloomberg  -  595 words
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      91 1 8 "*****1 *****4 THE BUSINESS TIMES ss C? 2 m MEGA THE WORLD'S FIRST MASTER CHRONOMETER Proven at the industry's highest level, the OMEGA Globemaster has been rigorously tested and officially certified by the Swiss Federal Institute of Metrology (METAS). Along with exquisite design, it combines superior precision with anti-magnetic
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      25 1 CORPORATE EARNINGS Reits hold steady as quarterly results come in top stories 5 HOCK LOCK SIEW SIA could deliver more positive surprises COMPANIES MARKETS 8
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      15 1 GRAND VISION Singapore eDevelopment’s CEO puts his money where his mouth is COMPANIES MARKETS 8
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      7 1 BT Infographics: A growing ripple, Page 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon A growing ripple
      691 2  -  Oil, in its long journey from rig to pump, affects the Singapore economy in multi-faceted ways. BT looks at how lower oil prices affected various parts of the economy last year. BY ANDREA SOH BT Infographics BY ANDREA SOH Oil exploration Singapore is the largest manufacturer of
      BTGraphics: Simon Ang, Lynette Neo; Source: Mizuho Bank (charts), compiled by BT  -  691 words
    • Article
      Lock icon Newly opened AIIB names its top executives and governors
      471 2  -  Besides 5 VPs, governors represent 57 countries that have ratified or agreed to ratify its articles of association By Anthony Rowley btworld@sph.com.sg Tokyo THE Beijing-based Asian Infrastructure Investment Bank (AIIB) has announced the appointment of five vice-presidents who will serve under
      471 words
    • Article, Illustration
      Lock icon Health insurer Aetna expects double-digit growth in South-east Asia operations
      535 2  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore RISING affluence in South-east Asia, the region’s growing middle class, coupled with regional or global expansion of businesses, will continue to drive demand for health insurance, Aetna International expects, and in turn fuel the
      535 words
    • Article
      Lock icon PM Lee on week-long visit to California
      584 4  -  He will meet the head honchos of several prominent American technology companies By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong is heading to California for a week-long working visit until Feb 16, his office announced in a statement on Wednesday.
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    • Article, Illustration
      Lock icon 1981: A year of firsts
      409 4  -  A surprise win for an opposition party, the establishment of overseas investment flagship the Government of Singapore Investment Corp (GSIC) and a new airport atChangi grabbed the headlines in 1981. BY NISHA RAMCHANDANI The Business Times has been there to report and analyse the most
      BT Graphics: Lynette Neo  -  409 words
    • Article
      Lock icon O&M players eyeing deals tied to BP’s US$12b Indon development
      619 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SINGAPORE-listed offshore and marine players aligned with Indonesia’s cabotage rules would be looking forward to contracting opportunities tied to BP’s US$12 billion Tangguh liquefied natural gas Train 3 development in Indonesia’s West Papua
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    • Article
      Lock icon Reits hold steady as quarterly results come in
      1123 5  -  Oil price the joker in the pack that’s unsettling the entire stock market this year CORPORATE EARNINGS By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE first few corporate results of the October-to-December earnings season have trickled in, and they are a mixed bag.
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      82 4 2 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars? CELEBRATE A MARRIAGE OF EXQUISITE FLAVOURS AT JAAN OR IMPRESS YOUR DATE WITH A VALENTINE’S DAY DINNER AT EQUINOX,
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      190 5 LOVE is transforming special days into tangible mementos! Turn digitised frontpage newspapers of your special days, such as your first date, first family holiday, or wedding anniversary, into unique gifts of love this Valentine's Day. Or if your loved one’s story has been featured, surprise them by making a gift
      190 words
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      184 5 DB Platinum Crod Branchen Stars R1C-A 01/02/2016 209,42 EUR Cyudtcr iTA l IA.NO In partnership with HSBC ,'oF Italian Flavours Indulge in a luxurious buffet of Italian Amedei Chocolates at The Courtyard this Valentine’s Day! Celebrate this Valentine’s Day at The Fullerton Hotel’s soaring grand atrium with The Courtyard’s chocolate
      184 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      64 6 STI Catalist WEEKLY Straits Times Index Feb 5,2016 2,623.21 -5.90 (-0.22%) Current streak 2 days Week high 2,623.21 Week low 2,550.74 52-week high 3,525.19 (Apr 17, 2015) 52-week low 2,577.09 (Jan 22, 2016) FTSE ST Catalist index Feb 5,2016 435.37 +0.40 (+0.09%) Current streak 4 days Week high 435.37 Week
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    • Article
      Lock icon GAINERS
      77 6 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 589.8 2.3 *****/***** GLD US$ ***** 560.5 3.8 *****/***** DBXT MSEurope US$ 5042 236.2 3.5 6300/4873 DBXT MSTaiwan US$ 1836 236.2 10.1 2392/1667 DBXT MSAsExJp US$ 2904 184.5 4.8 4064/2772 BY PERCENTAGE CLOSE UP 52w high/low OLS W*****5 0.2
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    • Article
      Lock icon LOSERS
      77 6 BY CENTS CLOSE DOWN 52w high/low DBXT DBLCI-OY US$ 1946 -409.5 -13.1 2600/1946 DBXT China50 US$ 2517 -64.3 -1.8 4258/2407 HongkongLand USD 586 -57.3 -6.5 880/564 DBS Grp 1360 -46.0 -3.3 2150/1317 DairyFarm USD 592 -34.9 -4.1 977/576 BY PERCENTAGE CLOSE DOWN 52w high/low S Chance Prop W***** 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 6 VOL CLOSE($) CHANGE Sino Grandness 12,507.9 0.405 +0.065 +19.12 China Great Land 200.0 0.014 -0.002 -12.50 Polaris 7,440.8 0.008 +0.002 +33.33 IPCO Intl 8,041.2 0.004 +0.001 +33.33 Star Pharm 24.4 0.205 -0.020 -8.89 Ouhua Energy 198.0 0.042 +0.003 +7.69 Delong 113.2 0.075 -0.004 -5.06 Oceanus 2,615.6 0.003 +0.001
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    • Article, Illustration
      Lock icon US likely to give direction as markets reopen
      601 6  -  STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT IT’S a jungle out there, if the way the last week of the previous lunar year ended is anything to go by, with the prolonged uncertainty about the global economy likely to remain a monkey on
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    • Article
      Lock icon STI STOCKS
      305 6 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 +7 239/226 271 209 6.1 6277.9 CapitaLand 299 -8 310/293 379 267 11 3 ***** CapitaMall Trust 209 +10 209/197 228 184.5 5.4 7264.9 CityDev 718 +22 722/683 1095 661 8.6
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 6 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Feb 5,2016 647.08 +0.81 (+0.13%) Current streak 2 days Week high 647.08 Week low 631.85 52-week high 845.85 (Apr 17, 2015) 52-week low 634.32 (Jan 22, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE WEEKLY
      34 6 STI MSCI EAFE WEEKLY MSCI EAFE index Feb 5,2016 1,566.75 -24.71 (-1.55%) Current streak 1 day Week high 1,604.89 Week low 1,566.75 52-week high 1,949.49 (May 15, 2015) 52-week low 1,565.24 (Jan 15, 2016)
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    • Article
      Lock icon MOST ACTIVE
      36 6 VOLUME Noble 276,789,600 Global Logistic 210,183,500 Singtel 129,519,500 Ezra 126,390,200 Golden Agri-Res 108,686,800 Market volume 4,761,267,000 VALUE DBS Grp 543,615,768 Singtel 457,170,386 Global Logistic 347,279,544 OCBC Bank 292,816,678 HongkongLand USD 228,547,482 Market value 5,276,857,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Feb 5 VALUE CLOSE BT OB/OS -10.00 +24.00 BT CADI -*****.00 +135.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 643.43 +10.37 FTSE ST Small Cap 378.59 +4.12 FTSE ST All Share 647.08 +14.50 FTSE ST China Top 152.15 +2.41 FTSE ST China 181.53 +2.87 FTSE
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    • Article
      Lock icon SGX ETFs
      108 6 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 263 unch 3970 266/254 355/254 262/263 IS MS INDIA US$ US634 -6 515 642/618 838/605 630/634 79.3 DBXT MSRussia US$ US159 unch 359 163/150 235/129 158/159 DBXT MSBrazil US$ US222 +21 225 222/202 399/190
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    • Article
      Lock icon COMPANY MEETINGS
      83 6 COMPANY MEETING PLACE DATE TIME Ban Leong Tech E 150 Ubi Avenue 4 #04-01 12-Feb 10.00am XMH Hldgs E 55 Tuas Crescent #07-01 12-Feb 10.00am Ascendas Reit E Aperia 10 Kallang Avenue Tower 1 (Lvl 3) Rose Room 16-Feb 3.00pm Tiong Woon Corp E No. 15 Pandan Crescent
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 3 1 0 0 7 7 3 Manufacturing 49 60 31 11 11 10 60 71 41 Commerce 25 27 10 4 9 4 29 36 14 Tpt/Stor/Comms 23 12 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 143,308 5,112 148,420 466,030 783 466,813 Manufacturing 502,681 150,218 652,899 391,547 4,734 396,281 Commerce 437,301 94,108 531,409 403,736 3,293 407,029 Tpt/Stor/Comms 621,691 2,288 623,979 942,758 189 942,947 Finance 114,835 133 114,968 1,136,621 17 1,136,638 Construction
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    • Article
      Lock icon Oil snaps 3-day slide in rebound to US$30
      462 6 COMMODITIES BLOOMBERG Hong Kong OIL snapped a three-day losing streak, rebounding from a close below US$30 for the second time in less than a week. Futures climbed as much as 3.1 per cent in New York after dropping 3.9 per cent on
      BLOOMBERG  -  462 words
    • Article
      Lock icon PRIME LENDING RATES
      244 6 Feb 5 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article
      Lock icon Yen nears Nov 2014 highs, euro underperforms
      426 7 CURRENCIES REUTERS London THE yen rose on Tuesday to its highest against the US dollar since November 2014, as a sell-off in global stocks and worries about Europe’s banks stoked demand for safe-haven currencies. The euro underperformed. Although it has enjoyed a good
      REUTERS  -  426 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 7 Feb 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 4.716 0.641 5.594 48.588 97.735 0.839 8.581 2.985 1.072 75.328 34.213 1.003 11.416 0.713 23.833 25.498 0.494 0.718 Canada 1.014 4.782
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 7 Feb 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0030 1.0038 0.7176 0.7181 Canadian dollar 1.0172 1.0178 0.7281 0.7278 Euro 1.5649 1.5656 1.1196 1.1200 NZ dollar 0.9356 0.9363 0.6694 0.6698 Sterling pound 2.0306 2.0317 1.4528 1.4534
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 7 Feb 5 S$ Bid Offer 1-month 1.3984 1.3989 2-months 1.3994 1.3998 3-months 1.4004 1.4007 6-months 1.4031 1.4037 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 7
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      • Article, Illustration
        Lock icon NIKKEI
        1 7
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 7
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      • Article, Illustration
        Lock icon DOW JONES
        2 7
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        331 7 Feb 9 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Feb16 0 *****7 Mar16 0 7626 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****0 *****6 Jun16 *****.00 *****.00 *****.00 *****.00 1348 6114 MSCI TAIWAN INDEX FUTURES Feb16 0 *****8 Mar16 0 917
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 7 Most active Feb 5 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Secura Group W*****5 2.4 0.1 ***** 1 35 66 9.38 35 DBS MB eCW*****4 15 1 6420 0.1 1360 8 KepCorp MB eCW*****1 7.4 0.3 6331 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 7 In local curr In S$ In US$ dy yr dy yr dy yr Feb 8 Index Change Change Change Change Change Change World Preliminary 1140.5 -2.2 -10.7 -2.1 -11.1 -2.2 -10.3 EAFE Preliminary 897.6 -2.0 -11.4 -1.7 -11.1 -1.8 -10.3 Europe Preliminary 1241.0 -3.2 -12.2
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 7 Feb 5 $S Offer Bid 0vernight 0.07 0.05 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.05 US$ 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
        67 7 Feb 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.54 100.55 100.55 5-Year NX*****X 2.250 01-Jun-21 102.07 102.18 102.05 10-Year NX*****Z 2.375 01-Jun-25 101.82 101.95 101.88 15-Year NZ*****F 2.875 01-Sep-30 103.82 20-Year NZ*****V 3.375 01-Sep-33 110.77 110.90 110.80
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 7 Feb-8 Price Net change change Last Trade Agricultural Feb-8 CBOT Soybeans (US cents/bu) 862.50 -5.00 -0.58% 14/03/2016 CBOT Soybean Oil (US cents/lb) 30.75 -0.48 -1.54% 14/03/2016 CBOT Wheat (US cents/bu) 458.50 -8.25 -1.77% 14/03/2016 Feb-8 LIFFE Cocoa (£/tonne) 2058.00 68.00 3.42% 14/03/2016 LIFFE Coffee (US$/tonne) 1386.00 -41.00 -2.87%
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    • Article
      Lock icon SIA could deliver more positive surprises
      938 8  -  Cost savings are finally starting to gain the upper hand HOCK LOCK SIEW BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT THE drop in jet fuel prices is proving to be a big boost for Singapore Airlines (SIA), as it battles sliding yields amid a tough operating
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    • Article, Illustration
      Lock icon S’pore eDevelopment’s CEO puts his money where his mouth is
      1089 8  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE eDevelopment chief executive officer Chan Heng Fai has a grand vision that includes US real estate, private equity and even mobile technology in the future of the former construction company. Like many grand
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1128 8 Payment Ex Rec Pay Ann (cts) date date date date AIMS AMP Cap Ind dq 2.650 04-Feb 10-Feb 23-Mar 28-Jan AIMS AMP Cap Ind ap 0.080 04-Feb 10-Feb 23-Mar 28-Jan AIMS AMP Cap Ind (1 Oct-31 Dec 2015) db 0.120 04-Feb 10-Feb 23-Mar 28-Jan AIMS Property Sec Fd
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1294 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.00 739.57 0.01 0.53 AIMS AMP Cap Industrial Reit 1.33 1.33 2 0.11 11.43 1.52 1.30 ARA Asset Mgt 1.25 1.25 2 0.09
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    • Article
      Lock icon SGX MAINBOARD
      1877 9 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High 153 127 AIMSAMP Cap Reit 130xd -5.5 1819 135 129 1 8.5 826 LOW 175.5 101 ARA Asset Mgmt 107.5cd +4.5 1836 109 102
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    • Article
      Lock icon SGX CATALIST
      321 9 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Week Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 19.2 +0.4 1232 19.3 18.6 5.9 2.8
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    • Article
      Lock icon SGX ETF
      181 9 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1440 991 CIMBASEAN40 S$D 1100 +9 0 1105 1100 1043 700 CIMBASEAN40 US$ US784 +24 9 784 762 123 4258 2407 DBXT China50 US$ US2517 -46 84 2575
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  • Page 9 Advertisements
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      71 9 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Neighbours long had doubts about Taiwan complex
      1345 10 They say there were many clues to suggest that the building, which collapsed in Saturday’s earthquake, had always been doomed NYT Tainan, Taiwan LONG before a 17-story condominium complex was ever built across the street from his family home in the early 1990s,
      NYT; PHOTO: AFP  -  1,345 words
    • Article
      Lock icon Owner of NY’s Pierre hotel seeks to pare debt
      778 10 BLOOMBERG Mumbai THE operator of New York’s Pierre hotel is seeking to cut its debt by as much as 30 per cent in about a year by selling some of its assets, including the stake it holds in a luxury chain
      BLOOMBERG  -  778 words
    • Article
      Lock icon Dubai developer to kick-start ailing Falcon City project
      354 10 REUTERS Hong Kong THE main developer of one of Dubai’s most outlandish real estate projects, the Falcon City of Wonders, says the long-delayed project will gain new life this year with around US$2 billion in new developments. The falcon-shaped project has seen
      REUTERS  -  354 words
  • Page 10 Advertisements
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      42 10 Vocational Training Consultancy Services Food Beverages Culinary Arts Retail Management Academic Programme Digital Technology Hotel Management Hospitality Travel Management Language Point of Sales System Software Solutions for MSEs (Micro Small Enterprises) Enterprise Resource Planning) TO EXHIBIT: S* +65 6319 4021 or mtdetasph.com.sg
      42 words
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      47 10 Have a BIG IDEA? Stand a chance to get over $30k of cash plus support for your business idea. You will be backed by Asia's leading media organisation, Silicon Valley's global accelerator and Singapore government's premier technology fund. Apply to our Programme today! http://sphplugandplay.com I PLUi spia
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      30 10 What’s to do? a man Find out how to get through life relatively unscathed in a new book by Alan John Now on sale at all major bookstores and www.stpressbooks.com.sg
      30 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Deutsche Bank says it can repay debts in sign jitters mounting
      610 11 CFO of Germany’s biggest lender also assures employees that firm’s “capital and risk position remains strong” BLOOMBERG New York DEUTSCHE Bank AG became the largest lender in at least four years to feel compelled to reassure investors and employees
      BLOOMBERG; PHOTO: BLOOMBERG  -  610 words
    • Article, Illustration
      Lock icon Japan Post Bank seen hurting most from Bank of Japan’s negative rates
      765 11 BLOOMBERG Tokyo JAPAN Post Bank Co stands to lose the most from the Bank of Japan’s (BOJ) decision to introduce negative interest rates as plummeting bond yields underscore its reliance on the country’s debt for income. The postal
      BLOOMBERG; PHOTO: BLOOMBERG  -  765 words
    • Article
      Lock icon Investors ditch ’15 winners and head for safe havens
      651 11 REUTERS New York FUND managers who relied on the so-called FANG stocks Facebook, Amazon.com, Netflix, and Google to boost their performance numbers in 2015 are cutting ties as the global economy looks weaker than many expected, leaving last year’s outperformers in
      REUTERS  -  651 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      175 11 NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF CORONADO HOLDINGS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****2519R) NOTICE TO SUBMIT PROOF OF DEBTS NOTICE IS HEREBY GIVEN that the creditors of the Company, which is being wound up voluntarily, are
      175 words
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      198 11 IN THE MATTER OF THE COMPANIES ACT, CAP.50 ST-ERICSSON ASIA PACIFIC PTE. LTD. (Company Registration No: *****9061C) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members of the abovementioned Company
      198 words
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      61 11 m OPTIMISING THE WORK ENVIRONMENT ASIA 2 0 16 29 JUNE-1 JULY 2016 Marina Bay Sands, Singapore Sands Expo Convention Centre ti o THE GREEN OFFICE Organised By: BIZUNK Exhibition Services Pte Ltd A SUBSIDIARY OF SjJl 9 INTERESTED TO EXHIBIT? (65) 6848 5938 (3 OEA@bizlink.com.sg Block 8 Lorong Bakar
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      194 11 Show Me the Money writes about the important economic concepts and investment strategies applicable to stocks investments. Using actual case studies and data, the book illustrates how these strategies worked for the Singapore market over the years. The painful lessons to learn and pitfalls are highlighted as well. The book
      194 words
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  • ENERGY & COMMODITIES
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      Lock icon Page 12 Advertisements Column 2
      118 12 SHAPE FEB ISSUE OUT NOW! WWW.SHAPE.COM.SG SINGAPORE CNYFOODIES! Feast without guilt FEBRUARY 2016 I $9.00 Advice from #Fitgirls “I want to be strong not skinny” Ellie Goulding, Fit Pop Star Does microwaved food cause cancer? DOCTORS TACKLE TOP CANCER MYTHS Mind tweaks for better skinPg 106 GET SEXY SPECIAL A
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Facebook’s Free Basics programme hits snag
      1036 13 Indian regulators ban free mobile data programmes that favour some internet services NYT San Francisco FOR years, Mark Zuckerberg has had a grander vision than just connecting the more than one billion people who already use Facebook: He wants to connect the entire world.
      NYT; PHOTO: REUTERS  -  1,036 words
    • Article
      Lock icon Cisco’s quarterly report to offer gauge of tech demand
      418 13 REUTERS San Francisco INVESTORS spooked by a steep selloff in enterprise tech stocks will get a fresh glimpse of the health of technology spending on Wednesday when bellwether Cisco Systems Inc posts its quarterly results. The networking equipment maker is the
      REUTERS  -  418 words
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      117 13 2016 WE HEARD YOU! MORE BOOTHS NOW AVAILABLE FOR EMPLOYERS STJobs Express 2016> f 4 A WHY PARTICIPATE? L 7* Reach out to more than 10,000 people over 2 days Let STJobs bring qualified candidates straight to your booth Meet and interact with potential candidates face to face u hr
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  • TRANSPORT
    • Article
      Lock icon Breaking up can be hard to do
      898 15  -  Shipping companies are strongly encouraged to use the new Transitional Measures for Shipowners Selling Ships for Recycling STRAIT TALK BY DAVID HUGHES Generally speaking, if you break the law it is probably not a good idea to make a video of you doing
      898 words
    • Article
      Lock icon UN group agrees to aircraft standards to cut CO2 emissions
      582 15 REUTERS Montreal GLOBAL aviation experts agreed on Monday to the first emissions-reduc-tion standards for aircraft in a deal that will take effect with new models in four years, but environmental groups said the carbon dioxide cuts did not go far
      REUTERS  -  582 words
    • Article, Illustration
      Lock icon SpiceJet’s choice between Boeing, Airbus hinges on punctual delivery
      571 15 BLOOMBERG New Delhi SPICEJET Ltd, the Indian budget carrier choosing between Boeing Co and Airbus Group SE for its at least US$11 billion order, has one condition: Delivery needs to be on time. “One of the selling points for anybody to
      BLOOMBERG; PHOTO: REUTERS  -  571 words
    • Article
      Lock icon UK airport expansion decision on track for summer: minister
      315 15 REUTERS London BRITAIN should be making a decision on where to build a new runway this summer, its transport minister said on Monday, dismissing concerns that it could be further delayed by a referendum on EU membership. Prime Minister David Cameron
      REUTERS  -  315 words
    • Article
      Lock icon US airlines reap record profits while passengers get peanuts
      927 15 NYT New York HELPED by falling oil prices, US airlines are reporting record profits, but for many passengers this sudden bonanza has meant little more than extra bags of free peanuts and pretzels. The four biggest domestic carriers (American Airlines, Southwest
      NYT  -  927 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Global stock rout sends S&P to 22-month low
      1078 16 Equities in Tokyo slide the most since August; corporate bond risk climbs even as the yen strengthens past 115 per US dollar for the first time in more than a year BLOOMBERG Wellington ANXIETY over the global economy intensified, with equities in
      BLOOMBERG; PHOTO: REUTERS  -  1,078 words
    • Article, Illustration
      Lock icon Markets signal central banks’ easy monetary policies are losing potency
      996 16 BLOOMBERG Tokyo CENTRAL banks are running into diminishing returns from their use of easy monetary policies, seven years after first championing quantitative easing to save the world from depression. The new reality is clear across global financial markets: The Standard
      BLOOMBERG  -  996 words
    • Article
      Lock icon Ukraine deadlock douses hopes of sanctions relief for Russia
      858 16 Country being pushed towards a second year of recession BLOOMBERG Moscow WHEN it comes to sanctions relief for Russia, the last step might be the most difficult. After the US and Europe dangled the prospect of an easing of sanctions for
      BLOOMBERG  -  858 words
    • Article
      Lock icon Bond rally near ‘panic’ level with Japan yield below zero
      688 18 Flight to quality gains momentum because of speculation Deutsche Bank would have trouble paying its debts, says a trader BLOOMBERG Tokyo SOVEREIGN bonds surged, sending the Japanese benchmark 10-year yield below zero for the first time, as investors seeking the
      BLOOMBERG  -  688 words
    • Article
      Lock icon Europe ramps up sale of yuan bonds as demand rises
      602 18 BLOOMBERG Warsaw GOVERNMENTS in Europe’s developing markets are looking east to seize on a shift in investor demand. Poland, which saw Asians overtake Americans as its second biggest holders of domestic debt last year, is sending officials to China as
      BLOOMBERG  -  602 words
    • Article, Illustration
      Lock icon Dozens hurt in Hong Kong riot over illegal hawkers
      658 18 AFP Hong Kong SCORES of police officers were hurt on Tuesday when a riot erupted in Hong Kong over official attempts to move illegal hawkers, in the most serious violence that the city has seen since mass pro-democracy protests in 2014.
      AFP; PHOTO: BLOOMBERG  -  658 words
    • Article
      Lock icon Huge China ‘Ponzi scheme’ scams investors of US$7.6b
      931 18 WP Beijing KANG Weiwei considers herself cautious. When China’s stock market took off, she stood on the sidelines. She steered clear of financial products that she couldn’t really understand. But the 32-year-old Beijinger needed somewhere to park the US$76,000 that her family
      WP  -  931 words
    • Article, Illustration
      Lock icon Obama reaches for relevance with US$4t 2017 budget plan
      660 19 His proposals, some of which may ultimately be adopted, are set to influence presidential campaign BLOOMBERG Washington US President Barack Obama was to send a fiscal 2017 budget of about US$4 trillion to the Republican-con-trolled Congress on Tuesday representing his aspirations
      BLOOMBERG; PHOTO: REUTERS  -  660 words
    • Article
      Lock icon Germany industrial output, exports fall in December
      650 19 AFP Frankfurt AN unexpected drop in German industrial production in December, as well as a decline in exports, cast a shadow over the outlook for Europe’s biggest economy, analysts said on Tuesday. According to regular data compiled by the economy ministry, industrial output
      AFP  -  650 words
    • Article, Illustration
      Lock icon Big banks in Britain mostly wary about an EU exit
      1256 19 It could force some of them to reassess their European operations NYT London WITH a referendum looming on whether Britain will leave the European Union (EU), the country’s voters seem sharply divided on whether to stay or go. But for
      NYT; PHOTO: REUTERS  -  1,256 words
    • Article
      Lock icon Greece, lenders should conclude first bailout review soonest: govt
      257 19 REUTERS Athens GREECE and its international lenders must conclude a first assessment of the country’s bailout reforms as quickly as possible, the government spokeswoman said on Tuesday. Talks between the mission chiefs from the European Union, International Monetary Fund, European Central
      REUTERS  -  257 words
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  • OPINION
    • Article
      Lock icon US allies can help internationalism to trump ‘Trumpism’
      549 20 EDITORIAL IT’S no secret that there is a growing anxiety among the pro-American elites and the public in Europe and Asia as they follow the American presidential campaign and detect rising support for populist White House aspirants among both Republican and Democratic
      549 words
    • Article, Illustration
      Lock icon Rage and fury takes over New Hampshire
      1370 20  -  Clinton is backed by the party’s establishment while Sanders has young voters’ support By Leon Hadar Washington WATCHING the elderly lady and the old geezer clashing fiercely as the two seniors lobby harsh verbal assaults against each other with supporters urging them to
      PHOTO: AFP  -  1,370 words
    • Article
      Lock icon Why should businessmen support public policy education?
      846 20  -  THE BOTTOM LINE By Kishore Mahbubani T The writer is dean of the Lee Kuan Yew School of Public Policy, National University of Singapore Businessmen support business schools. This is perfectly normal since most MBA graduates go on to work for businesses. ut
      846 words
    • Article
      Lock icon The rise of international financial centres in the East
      975 21  -  COMMENTARY By Raymond Wong T The writer is regional managing director of Kensington Trust Group, an associate member of JTC Group, a multi-jurisdictional, independent provider of institutional and private client services FOR the first time in modern history, the Asia-Pacific now
      975 words
    • Article
      Lock icon Puerto Rico: The Greece of the Caribbean
      1042 21  -  By Andrés Velasco T The writer is a former finance minister of Chile and a professor of professional practice in International Development at Columbia University PROJECT SYNDICATE New York THERE was a time when it might have been said that Puerto Rico, in
      PROJECT SYNDICATE  -  1,042 words
    • Article, Illustration
      Lock icon Three qualities of responsible business
      1281 21  -  Together, these three essential dimensions elementary, everyday, and exemplary make up a sophisticated outline of where business should begin and end.BY PATRICK J CONGE end.BY PATRICK J CONGE T The writer is associate professor at the Department of Political Science, University of Arkansas, USA. He
      PHOTO: AFP  -  1,281 words
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  • Page 22 Advertisements
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Japanese chefs hone skills in cradle of French cuisine
      867 23 High-end cooking school Tsuji in Liergues in east-central France has become a mainstay of French gastronomy AFP Liergues, France SNOW blankets a vineyard deep in France’s Beaujolais region, where a select group of future top chefs from Japan are busy learning
      AFP; FILE PHOTO  -  867 words
    • Article, Illustration
      Lock icon Yes, seasons affect how the brain works
      563 23 WP Washington ANYONE who’s experienced falling spirits in autumn or a springtime bounce in the step knows that the changing seasons can affect mood. But can seasons affect the way your brain works overall? New research suggests that the answer is yes and
      WP; PHOTO: FREE IMAGES  -  563 words
    • Article
      Lock icon Artur Fischer, inventor with more patents than Edison, dies at 96
      885 23 NYT New York ARTUR Fischer, a German inventor who registered more than 1,100 patents, including the first synchronised camera flash and an anchor that millions of do-it-yourselfers use to secure screws into walls, died on Jan 27 at his
      NYT  -  885 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      314 23 CRYPTIC CROSSWORD Across 1 Saint George, shocked by such discrimination (11) 9 Device preventing leaves from spreading around (5,4) 10 Yet it provides academic standing (5) 11 Study painting externally, being passionate (6) 12 Plants for sycophants (8) 13 A speaker returning brief thanks amid golden words (6) 15 Time
      314 words
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  • EXECUTIVE MONEY
    • Article
      Lock icon US$102b bank debt keeping investors on edge
      660 24 BLOOMBERG London LAST year’s sure thing in credit markets is quickly becoming this year’s nightmare for bond investors. The riskiest European bank debt generated returns of about 8 per cent last year, according to Bank of America Merrill Lynch index data, beating every
      BLOOMBERG  -  660 words
    • Article, Illustration
      Lock icon Why some are undisruptable
      1213 24  -  Apple, Alphabet, Microsoft, Amazon and Facebook are still on top despite upheavals in technology By Justin Fox BLOOMBERG WE live in an age of rapid technological change and disruption. Launching revolutionary startups is cheaper and easier than ever. No established company is safe. Except for, you
      BLOOMBERG; PHOTO: AFP  -  1,213 words
    • Article, Illustration
      Lock icon Why your portfolio needs plenty of stocks – whatever your age
      950 24  - Why your portfolio needs plenty of stocks whatever your age By David A Levine NYT WHEN I went to work in Wall Street in 1972, it was an article of faith that older investors should own less common stock than younger ones. One rule of thumb suggested that your equity
      NYT; PHOTO: BLOOMBERG  -  950 words
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