The Business Times, 12 February 2016

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Total Pages: 26
1 26 The Business Times
  • 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 Friday, February 12, 2016
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  • 25 1 Thursday Change STI 2,538.28 -43.82 KL COMP 1,643.95 -0.46 NIKKEI 225 CLOSED HANG SENG 18.545.80 -742.37 SHENZHEN B CLOSED Dow (10.45 EST) 15,638.95 -275.79
    25 words
  • Article, Illustration
    208 1 The yen continued its climb against the US dollar and other currencies on Thursday, underlining what dealers say is growing evidence that it has become a first-choice haven amid global financial turbulence.TOP STORIES 2 Malaysia’s industrial production index rose 2.7 per cent in December, supported by growth in
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  • 1370 1  -  More companies realising that if they don’t create the forces which will disrupt their existing business, others will By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore BUSINESSES should sit up and take a good, hard look at the “disruption” coming to
    BTGraphics: Jacquelyn Cheok, Gladys Lam; Source: Leading Edge Forum, TechCrunch, CB Insights, Pitchbook, BI Intellgence, Forbes  -  1,370 words
  • 709 1  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore NATIONAL Development Minister Lawrence Wong says construction productivity grants may not be always available. Speaking to reporters at the site of Crowne Plaza Changi Airport's new 10-storey extension on Thursday, he said: “We see the grants as a very
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  • Page 1 Advertisements
    • 50 1 8 "*****1 *****4 THE BUSINESS TIMES earner, sg Cartier CLE DE CARTIER MANUFACTURE MOVEMENT 1847 MC I ff IhI I SINGAPORE Takashimaya S.C.- ION Orchard Marina Bay Sands Tel: 6732 0181 MALAYSIA Suria KLCC, Kuala Lumpur Tel: (603) 2303 5088 > xn -v CARTl L 4 s N r k
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    • 33 1 HOCK LOCK SIEW An IPO elsewhere is not always a big loss for SGX COMPANIES MARKETS 5 SINGAPORE PROPERTY Private home buying by foreigners set to slow again this year top stories 4
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    • 10 1 COSMOPOLITAN CREATIVES Young Singapore artists without borders BT LIFESTYLE 26
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  • TOP STORIES
    • 612 2  -  The yen at one point hit a 15-month high of 112.50 to the US dollar in Sydney; Tokyo markets closed for a holiday NERVY MARKETS By Anthony Rowley btworld@sph.com.sg Tokyo THE yen continued its seemingly relentless climb against the dollar and other currencies
      PHOTO: BLOOMBERG  -  612 words
    • 450 2 AFP London WORLD stocks slumped on Thursday, gripped by another fierce selloff after a warning by Federal Reserve boss Janet Yellen over the global economy, while oil fell close to 12-year lows. The Dow continued its overnight fall in early trade
      AFP  -  450 words
    • 464 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore GOLD climbed beyond US$1,200 an ounce on Thursday spiking to its highest level in over eight months after US Federal Reserve chair Janet Yellen indicated that further in-terest-rate increases could be delayed should the tumult in
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    • 559 2 BLOOMBERG Hong Kong HONG Kong stocks fell on Thursday in their worst start to a Chinese New Year since 1994 as a global equity rout deepened amid concern over the strength of the world economy. The Hang Seng Index slumped 3.9 per
      BLOOMBERG  -  559 words
    • 485 3 BLOOMBERG Washington CHRISTINE Lagarde is set to win a second term as managing director of the International Monetary Fund, after no candidates emerged to challenge her. IMF governors and executive directors had until 11:59pm New York time on Wednesday
      BLOOMBERG  -  485 words
    • 820 3 BLOOMBERG Jakarta INDONESIAN President Joko Widodo will allow full foreign ownership in businesses from toll roads to cinemas, as he seeks to attract investment and create jobs after cutbacks by Ford Motor Co and Toshiba Corp. The government will also let
      BLOOMBERG  -  820 words
    • 477 3  -  But economists see slowing trend as sales value of manufacturing sector dips 1.2%, with declines registered by 42 of the 138 industries surveyed By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S industrial production index (IPI) rose 2.7 per cent last December from a year ago
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    • 1332 4  -  Purchases by non-PR foreigners down 22% in 2015 while Singaporean and PR buying improves By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE appetite for Singapore residential property among foreigners continues to diminish, depressed by higher purchase taxes and dim
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  • COMPANIES & MARKETS
    • 824 5  -  But it can do better to court quality firms with strong growth prospects HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Singapore FOURTEEN months ago an investment and financial education firm marked its debut on the Australian Stock Exchange,
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    • 304 5  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Riady family’s Lippo Group on Thursday announced its first-ever investment into the financial technology (fintech) space with an initial injection of an undisclosed amount into Singapore-based start-up Call Levels. There are currently no plans for future injections,
      304 words
    • 296 5  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE High Court of Singapore will hear on Feb 19 an application filed by Singapore-listed Rotary Engineering to stay a lawsuit filed by Bahrainbased parties against the company over alleged breaches
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    • 531 5  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore METRO Holdings’ net profit fell 12.6 per cent in the third fiscal quarter on flat retail sales and lower contributions from associates, the department store operator and property developer announced on Thursday
      FILE PHOTO  -  531 words
    • 388 5  -  Foo Chek Heng told firm he is being probed for “possible offences” under the Securities and Futures Act HOT STOCK By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARES of penny stock Koyo International took another dive on Thursday, adding to their losses after the Singapore
      Source: Bloomberg  -  388 words
    • Article, Illustration
      62 6 STI Catalist Straits Times Index Feb 11,2016 2,538.28 -43.82 (-1.70%) Current streak 2 days Day high 2,572.01 Day low 2,537.11 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Feb 11,2016 429.81 -2.43 (-0.56%) Current streak 2 days Day high 434.00 Day low
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    • 76 6 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 880.1 6.6 *****/9646 GLD US$ ***** 421.3 2.7 *****/***** DBXT MSMSIA US$ 1092 45.9 3.1 1411/990 Lyxor ChinaH US$ 1065 43.1 3.0 2055/999 DBXT E50 US$ 4035 40.3 0.7 5300/4006 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.4 300.0
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    • 75 6 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4206 -527.0 -8.3 5277/4206 DBXT MSEurope US$ 4821 -307.3 -4.4 6300/4821 SPDR DJIA US$ ***** -216.9 -1.0 *****/***** DBXT MSKorea US$ 4710 -122.4 -1.8 6246/4478 IS MSCI SIN US$ 936 -107.1 -7.6 1306/936 BY PERCENTAGE CLOSE DOWN 52w high/low LifeBrandz
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    • 646 6  -  Weak oil prices, plunge in Hong Kong market and Dow futures take a toll on Singapore stocks STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT SINGTEL’S S$0.12 slide to S$3.54 ahead of its Q3 results on Friday accounted for 11 points of the total loss of
      Source: Bloomberg  -  646 words
    • 305 6 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 -2 234/229 271 209 6.3 6067.8 CapitaLand 285 -5 290/284 379 267 10.4 3.2 *****.6 CapitaMall Trust 208 +1 210/206 228 184.5 5.4 7230.2 CityDev 680 -13 690/677 1095 661 8.2
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    • 35 6 VOLUME Secura W*****5 46,202,500 LionGold 42,954,600 Singtel 42,218,400 Noble 34,982,700 Global Logistic 32,194,400 Market volume 998,839,000 VALUE Singtel 151,489,270 DBS Grp 102,203,572 Global Logistic 52,365,797 OCBC Bank 46,309,734 UOB 43,722,057 Market value 1,044,155,000
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    • 77 6 Feb 11 VALUE CLOSE BT OB/OS -124.00 +17.00 BT CADI -*****.00 -132.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 629.61 -5.51 FTSE ST Small Cap 371.63 -2.58 FTSE ST All Share 629.66 -8.79 FTSE ST China Top 146.77 -2.79 FTSE ST China 174.97 -3.88 FTSE
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    • 35 6 STI FTSE ST All-Share ftse ST All-Share index Feb 11,2016 629.66 -8.79 (-1.38%) Current streak 2 days Day high 636.26 Day low 629.55 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 6 STI MSCI EAFE MSCI EAFE Index Feb 10,2016 1,512.30 -3.14 (-0.21%) Current streak 4 days Day high 1,524.58 Day low 1,497.36 52-week high 1,949.49 (May 15, 2015) 52-week low 1,512.30 (Feb 10, 2016)
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 7 5 1 0 0 2 7 5 Manufacturing 21 50 25 3 5 10 24 55 35 Commerce 12 21 11 2 11 2 14 32 13 Tpt/Stor/Comms 8 20 7
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    • 107 6 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 256 -3 769 258/255 355/254 255/256 IS MS INDIA US$ US594 -14 251 608/590 838/590 591/592 74.3 GLD US$ US***** +303 82 *****/***** *****/***** *****/***** 60.4 Lyxor HSI US$ US226 -3 64 226/225 361/218
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    • 120 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,596 162 24,758 70,506 26 70,532 Manufacturing 103,224 68,017 171,241 80,030 2,589 82,619 Commerce 73,776 30,233 104,009 101,017 639 101,656 Tpt/Stor/Comms 132,830 250 133,080 244,920 21 244,940 Finance 20,747 1 20,748 210,679 210,679 Construction 5,893
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    • 83 6 VOL CLOSE($) CHANGE Ocean Sky Intl 95.2 0.109 +0.035 +47.30 Smartflex 440.2 0.215 -0.040 -15.69 Magnus Energy 13,815.8 0.004 +0.001 +33.33 Natural Cool 200.0 0.132 -0.023 -14.84 Adventus 8,533.1 0.010 +0.001 +11.11 LionGold 42,954.6 0.004 -0.001 -20.00 San Teh 60.0 0.200 -0.035 -14.89 CNMC Goldmine 1,104.9 0.225 +0.015
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    • BROKERS’ TAKE
      • 157 6 Singtel Buy Target price: Under review Feb 11 close: S$3.54 OCBC Investment Research, Feb 11 Singtel is due to post its Q3 FY2016 results on Feb 12 before market opens. We are expecting revenue to come in around S$4.4 billion, supported by still-strong handset sales and underlying net profit of
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      • 127 6 Perennial Real Estate Holdings Buy Target price: S$1.32 Feb 11 close: S$0.865 DBS Group Research, Feb 10 PREH’s value lies in its global land bank located in China, Malaysia, and Ghana, where it has an attributable development pipeline of about five million sq ft of commercial, retail, hotel, and residential
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      • 149 6  - Croesus Retail Trust Buy Compiled by Compiled by Cai Haoxiang Target price: S$0.89 Feb 11 close: S$0.795 KGI Fraser Research, Feb 11 We like CRT due to the high dividend yield (FY 2016 forecast: about 9.2 per cent), while the strong yen boosts the book value (and potential dividends) in
        149 words
    • 470 7 CURRENCIES REUTERS London THE yen jumped 2 per cent to its strongest level in 15 months against the US dollar on Thursday in another wave of global capital flows into the traditional security of Japan, raising expectations of official intervention to
      REUTERS  -  470 words
    • FOREX RATES
      • 471 7 Feb 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 4.666 0.629 5.527 48.327 95.326 0.799 8.532 2.926 1.066 74.313 33.681 0.987 11.313 0.690 23.455 25.035 0.489 0.710 Canada 1.009 4.710
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      • 155 7 Feb 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9868 0.9876 0.7097 0.7099 Canadian dollar 0.9960 0.9968 0.7165 0.7163 Euro 1.5693 1.5708 1.1287 1.1291 NZ dollar 0.9257 0.9268 0.6658 0.6662 Sterling pound 2.0171 2.0188 1.4507 1.4511
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      • 22 7 Feb 11 S$ Bid Offer 1-month 1.3910 1.3921 2-months 1.3918 1.3930 3-months 1.3925 1.3937 6-months 1.3952 1.3966 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 376 7 Feb 11 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Feb16 0 *****4 Mar16 0 7618 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****4 Jun16 *****.00 *****.00 *****.00 *****.00 194 7359 MSCI TAIWAN INDEX FUTURES Feb16 0 *****8 Mar16 0 917
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      • 205 7 Most active Feb 11 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Secura Group W*****5 2.6 -0.1 ***** 1 35 75 8.27 35 Second Chance Prop W*****4 0.1 unch ***** 1 40 *****.00 17 Rowsley Ltd W*****3 1.3 -0.1
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      • 377 7 In local curr In S$ In US$ dy yr dy yr dy yr Feb 10 Index Change Change Change Change Change Change World Preliminary 1138.5 0.4 -10.9 0.1 -11.8 0.2 -10.3 EAFE Preliminary 877.1 0.2 -13.5 -0.3 -13.3 -0.2 -11.9 Europe Preliminary 1241.3 1.5 -12.1
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    • BANK RATES
      • 154 7 Feb 11 $S Offer Bid 0vernight 0.05 0.03 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: N.A. US$ 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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      • 67 7 Feb 11 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.65 5-Year NX*****X 2.250 01-Jun-21 102.82 102.88 102.80 10-Year NX*****Z 2.375 01-Jun-25 103.37 103.60 103.25 15-Year NZ*****F 2.875 01-Sep-30 106.29 106.40 106.38 20-Year NZ*****V 3.375 01-Sep-33 113.77 113.60 113.40
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    • AGRI METALS ENERGY
      • 246 7 Feb-10 Price Net change change Last Trade Agricultural Feb-10 CBOT Soybeans (US cents/bu) 862.25 -1.00 -0.12% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.01 0.31 1.01% 14/03/2016 CBOT Wheat (US cents/bu) 461.25 3.75 0.82% 14/03/2016 Feb-10 LIFFE Cocoa (£/tonne) 2046.00 9.00 0.44% 14/03/2016 LIFFE Coffee (US$/tonne) 1392.00 5.00 0.36%
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    • 679 8  -  Acquisition of two malls in Japan boosts income, but rights issue enlarges unit base; CFO says negative rates could be a boon for borrowing costs going forward By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE acquisition of two malls in Japan gave a lift
      679 words
    • 493 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore ST Aerospace has expanded its aircraft interiors business with a centre at Seletar Aerospace Park to serve the growing fleet of private jets in the Asia-Pacific. The facility which is its second aircraft interiors
      493 words
    • CORPORATE DIGEST
      • 184 8 SAIZEN Real Estate Investment Trust (Reit) is cutting its interim distribution per unit by 8.7 per cent to 2.83 Singapore cents because of a weaker Japanese yen and a higher number of issued units. Total return attributable to unitholders fell 19.2 per cent to 369.4 million yen (S$4.6
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      • 235 8 HEALTH Management International’s (HMI) net profit stayed flat in its second fiscal quarter as higher administrative costs and income tax expenses offset revenue growth. Net profit for the three months ended December 2015 gained one per cent to RM5.4 million (S$1.8 million), or 0.93 sen per share,
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    • 531 9 IFR Singapore TRIKOMSEL administrators’ lowprofile move to recognise an intercompany claim has sparked protests from the financially troubled company’s bond investors. The administrators have recognised Trisatindo’s secured intercompany claim but have also rejected the claims of trustees representing bondholders on Trikomsel’s direct guarantees
      IFR  -  531 words
    • 613 9  -  Contract for semisub off western Australia likely to be one of the largest floating production offerings this year By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Fels, in a joint bid with McDermott of the US, is said to have
      613 words
    • 1581 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 131 +2 1048 131 129.5 1 8.5 832.3 MCap 175.5 101 ARA Asset Mgmt 103cd -2.5 535 104 102.5 1.7
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    • 218 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 22.5 +1.5 1104 23.5 21 5.9 2.4
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    • 116 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2357 DBXT China50 US$ US2364 -35 51 2408 2357 6.5 Day 1750 996 DBXT MSCHINA US$ US1000 -61 56 1013 996 6246 4478 DBXT MSKorea US$
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  • REAL ESTATE
    • 485 11 REUTERS London BRITISH property valuers reported a surge of activity on Thursday as property investors tried to beat an increase in transaction taxes on rental investments coming into force in April. Demand for housing remains buoyant, lifted by tight
      REUTERS  -  485 words
    • 622 11  -  One view is that prices this year have hit an inflection point; another is that overall prices have not bottomed out yet By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A 0.6 PER CENT month-on-month increase in SRX Property’s flash estimate
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    • 726 11  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore REAL estate markets in Asia will likely remain less appealing than those in the US and Europe this year, with Asia plagued by anaemic economic growth and waning rents and capital values
      726 words
    • 522 11 BLOOMBERG New York KYLE Bass, the hedge fund manager who successfully bet against mortgages during the sub-prime crisis, said China’s banking system may see losses of more than four times those suffered by US banks in the last crisis. Should the
      BLOOMBERG  -  522 words
    • 102 11 Singapore REAL estate developer Frasers Centrepoint Ltd’s (FCL) Australian unit has bought a 135 hectare site in south-east Queensland that has an “end value of S$270 million”, the group said in a Singapore Exchange filing on Thursday. Frasers Property Australia acquired the
      102 words
  • Page 11 Advertisements
    • 15 11 WWW my sg r i SCAN WATCH NOW more (a) eat.omy.sg 5 0S iv! 0
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  • BANKING & FINANCE
    • 697 12 Employee backlash forces CEO to reverse decision on pay rises but hiring freeze remains in place BLOOMBERG, REUTERS London HSBC Holdings plc chief executive officer Stuart Gulliver cancelled a global pay freeze after less than two weeks following an
      BLOOMBERG,; REUTERS; PHOTO: BLOOMBERG  -  697 words
    • 431 12 BLOOMBERG Oslo NORWAY’S biggest political party says the country’s giant wealth fund needs to rethink its proposed entry into the US$20 trillion infrastructure market. “With what we’re seeing now with economic developments globally, and the short-term cost of that for Norway,
      BLOOMBERG  -  431 words
    • 687 12 BLOOMBERG Paris SOCIETE Generale SA, France’s second largest bank by market value, posted fourth-quarter profit that missed analysts’ estimates as earnings at the investment bank fell and it set aside provisions for potential legal costs. Net income rose to 656
      BLOOMBERG; PHOTO: BLOOMBERG  -  687 words
    • 814 12 Investors feel pain as yields soar from 7.5% at start of year while shares plummet 40% in same period BLOOMBERG London WHEN European regulators created a new type of bank debt, the idea was to transfer risk from taxpayers to
      BLOOMBERG  -  814 words
  • Page 12 Advertisements
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  • ENERGY & COMMODITIES
    • 562 13  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore FRESH from wrapping up the purchase of two anchor handling tug supply vessels (AHTSs) from Pacific Richfield Marine (PRM), Berlitz Marine’s chief executive KM Chan said the pri-vately-owned outfit will continue to make use of the opportunity
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    • 600 13  -  Indonesia’s revised local-content rules put Singapore’s O&M players in the running for subcontracting work By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore HUSKY-CNOOC Madura Limited (HCML) stands as among the first field operators this year to award a leased floating production contract,
      600 words
    • 672 13 BLOOMBERG Seoul FUEL producers from India to South Korea are finding that rising refined products from China are cutting the profit margins that they have enjoyed from cheap oil to the lowest in more than a year. Worse may
      BLOOMBERG  -  672 words
  • Page 13 Advertisements
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  • TECHNOLOGY
    • 754 14 Company’s prediction counters concern that corporate demand is slowing amid fears of weaker global economy BLOOMBERG San Francisco CISCO Systems Inc, whose equipment is the backbone of the Internet, predicted sales that may beat some analysts’ estimates, countering
      BLOOMBERG  -  754 words
    • 1004 14 BLOOMBERG San Francisco TWITTER Inc added no new users in the fourth quarter, confirming the fears of advertisers and investors that the social-media site is in trouble. The company has faced sharp criticism over slowing growth in its audience since its
      BLOOMBERG; PHOTOS: REUTERS  -  1,004 words
    • 429 14 He contended that anti-colonialism has been an economic disaster for the country AFP San Francisco STAR Silicon Valley venture capitalist Marc Andreessen apologised on Wednesday for a tweet contending that anti-colonialism has been an economic disaster for India. The comment fired off
      AFP  -  429 words
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    • 0 14
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    • 315 14 The market forecast for 2016 seems gloomy? What is the market outlook and trends for 2016? Chinese stock market plunged, triggering the second daylong trading halt and sending share markets, currencies and oil prices lower as investors jitter across Asia. With so many uncertainties and unanswered questions, how can we
      315 words
    • 47 14 Have a BIG IDEA? Stand a chance to get over $30k of cash plus support for your business idea. V)u 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 PLUf spia
      47 words

  • CONSUMER
    • 546 15 More progress seen for service when it’s added to new platforms like PlayStation and Xbox devices NYT New York HBO’s standalone video streaming service has attracted about 800,000 paying subscribers since starting last April, the premium cable network said on Wednesday the first
      NYT; PHOTO: NYT  -  546 words
    • 471 15 Boost due to weak euro, champagne demand and recovery in Chinese market REUTERS Paris THE value of French wine and spirits exports reached an all-time high last year, mainly helped by a weak euro, strong demand for champagne and cognac and a
      REUTERS  -  471 words
    • 373 15 NYT London ASAHI Group Holdings of Japan has made a binding offer to buy the beer brands Peroni and Grolsch, as well as certain European operations of SABMiller, for 2.55 billion euros (S$3.93 billion). The deal, if consummated,
      NYT  -  373 words
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    • 175 15 CATCH TREZO’S AND BE THE FIRST TO TRY OUT BUZZDROP AND TREZOPAY! Kingston® A ffiSS 1 Kingston microSD 32GB Class 10 U1 IUJ SDC10/32GB *****-003.A00LF TAIWAN F© I I NOW SS3.90 trezo 0 0 Every weekday in Feb, we will be listing a Flash Deal at 10:30am. A push notification
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  • GOVERNMENT & ECONOMY
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    • 32 16 4 If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Want access to BBQ pits?
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  • TRANSPORT

  • Page 19 Advertisements
    • 1134 19 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 JKT SUR WHITE TOKIO 015 60 20/2 21/2 BRIGHT CORAL 009 40 60 25/2 26/2 29/2 2/3 POSITIVE PASSION 73
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    • 381 19 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o
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    • 723 19 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN SALOME FF607 30/01 03/02 05/02 07/02 11/02 18/02 TULANE FF609 10/02 14/02 06/02 03/02 28/02 TALISMAN FF610 17/02 19/02 21/02 27/02 05/03
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  • OPINION
    • 605 20 EDITORIAL DURING the first 11 days of February, the Japanese yen has soared by more than 7 per cent against the US dollar amid turmoil in global financial markets. This was not supposed to happen. On Jan 29, the governor
      605 words
    • 1349 20  -  They do not have the option to invest globally, and are therefore captive to unstable domestic property and stock markets. BY ASIT K BISWAS AND KRIS HARTLEY markets.BY ASIT K BISWAS AND KRIS HARTLEY T Prof Biswas is distinguished visiting professor at the Lee
      PHOTO: AFP  -  1,349 words
    • 773 20  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington YOU cannot understand the vulnerable state of the US and global economies and nervous stock markets without coming to grips with the crash of “emerg-ing-market” countries. Led by China, these are middle-income countries
      THE WASHINGTON POST WRITERS GROUP  -  773 words
    • 998 21  -  COMMENTARY By Sanchita Basu Das TThe writer is fellow and lead researcher (economics) at the Asean Studies Centre and Coordinator of the Singapore Apec Study Centre, both based at the Iseas-Yusof Ishak Institute, Singapore THE leaders of the 10 Asean nations
      998 words
    • 361 21  -  LETTER TO THE EDITOR Denis Distant WHAT is the main objective of Singapore Exchange (SGX) in its long-drawn-out campaign to introduce a minimum trading price (MTP)? It is beginning to look like a battle with small retail investors who, in
      361 words
    • 1100 21  -  The retreat from globalisation occurred so rapidly in the 1930s because it built upon longstanding grievances about immigration, trade and capital flows. Similar resentments are evident today. BY EDWARD CHANCELLOR today.BY EDWARD CHANCELLOR REUTERS IS the international financial system on the verge
      REUTERS  -  1,100 words
    • 619 21  -  COMMENTARY By Jussi Keppo TThe writer is associate professor of Decisions Sciences at the National University of Singapore (NUS) Business School. This research was conducted with Min Dai at NUS and Tim Maull at University of Michigan TECH giant Yahoo announced
      619 words


  • CITY LIFE
    • 777 22  -  Ditch the expensive candlelight dinners this Valentine’s Day weekend and head for more affordable alternatives in the city. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg IF the idea of coughing up big bucks this Valentine’s Day has you breaking out in a cold sweat and fervently wishing Cupid’s
      PHOTOS: BOOKS ACTUALLY, FILE  -  777 words
    • CITY BUZZ BT writers' picks of what to see, do or talk about
      • Article, Illustration
        183 22  -  HEARTY FEASTING WITH ‘12 DISHES AT 12’ DINING By Tay Suan Chiang WHO doesn’t like a super deal? For the past year, Ah Hoi’s Kitchen at Hotel Jen Tanglin Singapore has been offering a 12 at 12 lunch menu from 12pm daily, you get 12 dishes
        PHOTO: JEN TANGLIN SINGAPORE  -  183 words
      • 165 22  - Lolla Lollapalooza Lunch Menus DINING By Rachel Loi SHENTONISTAS now have more lunch options to look forward to with Lolla and Lollapalooza introducing new lunch menus. Three-year-old Lolla’s weekly specials features a hearty tripe stew (S$28) on Mondays, oxtail with juicy porcini mushrooms (S$ 34) on Tuesdays, crab lasagna (S$39)
        PHOTOS: LOLLA  -  165 words
      • 139 22  -  ART year, By Helmi Yusof HYPERREALIST painter Keng Lye is incredibly popular with lovers of whimsical art. He creates three-dimensional works in which aquatic animals such as fish (right) and tortoises appear to be swimming inside coffee cups, bowls and other everyday receptacles. Inspired
        PHOTO: CHEOK KENG LYE  -  139 words
      • 156 22 MOVIES SINGAPORE’S alternative cinema The Projector turns one-ish and ifetes its birthday with a bash this weekend. It will be going Transylvanian with a screening of the bloody hilarious “horror” mockumentary What We Do In The Shadows, about a couple of ancient vampire housemates struggling
        156 words
      • 244 22 CONCERT ONE of jazz’s best-selling artistes Diana Krall returns to Singapore for two intimate concerts. It’s the perfect chance for her fans to get up-close and personal with the multi-Grammy winner, who has nine gold, three platinum and seven multi-platinum albums to her
        FILE PHOTO  -  244 words

  • WINE/MUSIC
    • 1192 23  -  Wines from the Rioja region of Spain make for perfect festive pairings. BY NK YONG WINE BY NK YONG Looking for a couple of reds for the family’s traditional New Year’s Day lunch, with a menu of raw fish salad and noodles, I looked for
      PHOTOS: BLOOMBERG., NK YONG  -  1,192 words
    • 613 23  -  MUSIC By Dylan Tan @DylanTanSYBT dylantan@sph.com.sg LIKE the Chinese zodiac, there are more than enough animals in Dawn Wong’s debut album Marco Lopo to fill a mini-zoo. They are all part of her song- writing craft and something which she has been doing
      PHOTO: ESPLANADE  -  613 words
  • Page 23 Miscellaneous
    • 331 23 CRYPTIC CROSSWORD Across 1 Congestion around street suffering high winds (3,6) 6 Sweetener for guards ordered to ignore source of danger (5) 9 Hint about European Union link (3,2) 10 Line adopted by new literary big guns (9) 11 Console jury, following prisoner and short internet abuser (7,5) 14 Caprice
      331 words

  • ARTS/MUSIC
    • 949 24  -  The Beijing-based director finds a resonant Asian voice in the new staging. HUAYI 2016 FESTIVAL PREVIEWS BY CHEAH UI-HOON THE first time Huang Ying, director of Beijing-based Full Show Lane Theatre staged Macbeth, he used structures and forms taken from traditional Chinese
      PHOTO: THE ESPLANADE  -  949 words
    • 679 24  -  By Cheah Ui-Hoon uihoon@sph.com.sg ONE thing about Western classics is that the language is very precise, says Olivia Yan, co-artistic director of Hong Kong’s Dionysus Contemporary Theatre. Which makes translating the script the biggest challenge. Dionysus is currently presenting its second Western classic now,
      PHOTO: THE ESPLANADE  -  679 words
    • 1130 24  -  By Roslyn Sulcas NYT “NO questions?” Stephane Lissner, the general director of the Paris Opera, asked the 200 or so journalists assembled on Wednesday for the announcement of the Opera’s 2016-17 season. There was the briefest pause. “Well, thank you,”
      NYT; PHOTO: REUTERS  -  1,130 words

  • CINEMA
    • 656 25  -  Ryan Reynolds in Deadpool is the new clown prince of the superhero genre but the characterisation and plot lack heft. BY GEOFFREY EU SAYS the refreshingly brash, uncontrollably potty-mouth-ed and irritatingly smug mutant mercenary whose origins story bursts to glorious, mother-(expletive deleted) life
      PHOTO: TWENTIETH CENTURY FOX  -  656 words
    • 552 25  -  By Dylan Tan @DylanTanSYBT dylantan@sph.com.sg WITH its plot kept under wraps tighter than Liam Neeson shielding the identity of his secret girlfriend, one would have thought Stephen Chow’s latest film The Mermaid must be so bad the studio didn’t want fans or critics catching wind
      PHOTO: SONY PICTURES  -  552 words
    • 741 25  -  By Laurence Thomann, Fiachra Gibbons THE 1970s may have been the decade that fashion forgot, but Martin Scorsese believes that was because the world was too busy with drugs, sex and rock ’n’ roll to care. The acclaimed director has brought all that
      PHOTO: AFP  -  741 words
    • 306 25  -  By Dylan Tan @DylanTanSYBT dylantan@sph.com.sg BEFORE the music business was all about YouTube stars and digital downloads, it was a mad rock ’n’ roll circus where sex and drugs were part of the act for the larger-than-life musicians on
      PHOTO: HBO ASIA  -  306 words

  • BT Lifestyle
    • 1696 26  -  Young Singapore artists are not confined by geography. They work anywhere, seeking inspiration and experience in global cultural hubs. BT Lifestyle talks to three cosmopolitan creatives under-40 whose practices are as hard to define as they are. BY HELMI YUSOF BY HELMI YUSOF Visual artist Heman Chong
      PHOTOS: JEREMY TIANG; PHOTOS: NGUAN, ROCKBUND ART MUSEUM; PHOTO: KIMBERLY LIM  -  1,696 words
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