The Business Times, 12 December 2016

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Microfilm: NL34122
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION S$1.20 businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Monday, December 12, 2016
    23 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,956.13 +36.76 KL Comp 1,641.42 +12.46 Nikkei 225 18,996.37 +570.29 Hang Seng 22,760.98 +196.16 Shenzhen B 1,162.52 +0.72 Dow 19,756.85 +586.43
    25 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    240 1 After a year when almost every tick on every US stock is caused by anticipation of a Federal Reserve rate hike, the actual move this week could be met with something close to indifference.TOP STORIES 4 China Great wall Asset Management Co, one of the country’s Big Four
    240 words
  • Article, Illustration
    Lock icon When bigger is better in life insurance
    962 1  -  Returns filed show bigger players perform better than their smaller peers in average investment returns for par funds by duration By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IT seems size does matter when it comes to Singapore’s life insurance industry’s investment performance for participating
    Source: Monetary Authority of Singapore, compiled by Wen Research  -  962 words
  • Article, Illustration
    Lock icon The Work Project is official co-working partner of OUE’s Downtown Gallery
    784 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE Work Project a Hong Kongbased co-working space operator is the official co-working space partner of Downtown Gallery in OUE Downtown, OUE’s upcoming mall located at 6 Shenton Way, The Business Times has
    PHOTO: THE WORK PROJECT  -  784 words
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      Lock icon Page 1 Advertisements Column 1
      232 1 "*****1 3000 1 1 THE BUSINESS TIMES TUDOR PELAGOS Housed in a satin-finished titanium case with helium valve, TUDOR in-house movement MT5612 offers a 70-hour power reserve and is certified by the Swiss Official Chronometer Testing Institute (COSC). #TUDORWATCH TUDORWATCH.COM Exclusively available at: Tudor Boutique Swiss Watch Gallery: Bl-88/89 The
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      11 1 GSS ENERGY Cash-rich company moves towards oil production TOP STORIES 2
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      21 1 TOPLINE Seeking redemption in Walmart receipt COMPANIES MARKETS 5 HOCK LOCK SIEW ISR Capital’s finger-pointing misses the point TOP STORIES 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Cash-rich GSS Energy moves towards oil production
      982 2  -  It is in the process of submitting budget to Pertamina; once approved, it will look for contractors to develop oil field By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore IN SPITE of the bloodbath in the oil exploration and the offshore and marine sectors, precision
      PHOTO: GSS ENERGY  -  982 words
    • Article
      Lock icon HSBC launches membership programme for HNWIs
      277 2 Singapore HSBC has launched an invitation-only membership programme for higher net worth clients in its Premier banking segment. Jade is available to select Premier clients who maintain more than S$ 1.2 million in assets and investments with the bank. Jade privileges comprise lifestyle and
      277 words
    • Article, Illustration
      Lock icon Why did Japan’s Parliament ratify ‘dead’ TPP agreement?
      931 2  -  COMMENTARY By Anthony Rowley btworld@sph.com.sg Tokyo A CURIOUS thing happened last Friday when the Japanese Parliament voted to ratify Japan’s participation in the Trans-Pacific Partnership (TPP) even though the agreement has been widely proclaimed to be “dead” now that US president-elect Donald
      931 words
    • Article
      Lock icon ISR Capital’s finger-pointing misses the point
      836 4  -  HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT IT almost never ends well when the Singapore Exchange cuts to the chase after pounding firms on its cross hair with a litany of questions on the trading of their shares and corporate transactions. The regulator’s
      836 words
    • Article
      Lock icon Stock market looking beyond Fed hike to Trump economic plans
      900 4  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg IT’S a study in stock-market psychology: after a year where almost every tick on every stock was caused by anticipation of a Federal Reserve policy move, the actual move this week could be
      900 words
    • Article, Illustration
      Lock icon ConneXionsAsia makes giving its business
      475 4 COMPANY OF GOOD Singapore IMAGINE using your business products to help employees in companies get healthier. That’s exactly what ConneXionsAsia (CXA) does. Its business is built around transforming the employee benefits industry in the Asia-Pacific region to better encourage health and wellness in the workplace.
      PHOTO: NVPC  -  475 words
    • Article, Illustration
      Lock icon Celebrating values, mission of BT BAF with stories
      253 4  -  By Vivien Ang vivang@sph.com.sg Singapore SEVEN pupils from CHIJ Kellock (Primary) have launched a set of three books at indoor playground Fidgets World to commemorate The Business Times Budding Artists Fund’s (BT BAF) 11th anniversary, showing off their writing chops. The children’s
      PHOTO: TRCL  -  253 words
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      168 3 NEOS5E GARDEN cl No.r__j Events Caterer In Singapore* owtmas Enter into a world of Christmas specials wonders r WONDER 4 r J .-A N > V /< "V t -Ce' M J* SELF-COLLECTION PROMOTION Free DoDo Crispy Crabstick Fritter (Original) with Christmas Mini Packages 1 Terms and conditions apply c/»
      168 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Seeking redemption in Walmart receipt
      1198 5  -  Equation CEO is betting the house on his firm’s digital lock for consumer electronics. TOPLINE BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT Singapore EQUATION Summit chief executive Eddie Chng is looking for redemption in a Walmart sales receipt. It has been 15 years since he was kicked
      PHOTO: YEN MENG JIIN  -  1,198 words
    • Article
      Lock icon Director buying and selling flat
      1778 6  -  However, buy value sharply up from previous week while sell value is sharply lower. INSIDE MARKETS BY ROBERT HALILI T The writer is managing director of Asia insider Limited THE director trading was flat based on filings with the Singapore Exchange from Dec 5 to
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    • Article, Illustration
      Lock icon Three ways to maximise a board
      913 6  -  People with right skills and experience should be picked, keeping in mind company’s changing needs; talent flow should be ensured. BY SOH GIM TEIK T The writer is vice-chairman of the Singapore Institute of Directors. WHEN hotshot biotech startup Theranos completed assembling its board
      PHOTO: FREEIMAGES  -  913 words
    • Article
      Lock icon Abterra review concludes it remains a going concern
      298 6  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore COMMODITIES trader Abterra said it is solvent, able to meet its financial obligations and able to operate as a going concern after a review of its cash flow and balance sheet. The assessment of its financial
      298 words
    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      65 8 STI Catalist WEEKLY Straits Times index Dec 9,2016 2,956.13 +36.76 (+1.26%) Current streak 2 days Week high 2,959.84 Week low 2,943.05 52-week high 2,956.13 (Dec 9, 2016) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index Dec 9, 2016 443.74 +0.60 (+0.14%) Current streak 1 day Week high 443.74
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5670 309.0 4.0 6041/4629 DBXT Nifty50 ETF10 ***** 266.3 1.5 *****/***** Jardine C&C 4164 235.0 6.0 4520/3160 DBXT MSEurope US$ 5345 206.5 2.8 5523/4770 Prudential USD 2077 189.4 6.8 2191/1600 BY PERCENTAGE CLOSE UP 52w high/low China Great Land 3.5
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    • Article
      Lock icon LOSERS
      80 8 BY CENTS CLOSE DOWN 52w high/low DBXT USDIGIfl US$ ***** -111.1 -0.3 *****/***** GLD US$ ***** -108.2 -0.7 *****/***** DBXT S&P Short US$ 1863 -64.1 -2.4 2362/1845 DBXT Vietnam US$ 2202 -37.0 -1.2 2533/2017 IS ASIA HYG S$D 1521 -26.0 -1.7 1552/1407 BY PERCENTAGE CLOSE DOWN 52w high/low TSH
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE TSH 13,104.1 0.035 -0.115 -76.67 Serrano 533.7 0.008 -0.007 -46.67 Sunlight 6,224.9 0.017 +0.003 +21.43 Envictus 288.0 0.520 +0.045 +9.47 Tung Lok Rest 120.1 0.093 -0.007 -7.00 China Haida 317.2 0.016 -0.001 -5.88 BH Global 30.1 0.265 +0.035 +15.22 MFG Integration 131.2 0.150 -0.010 -6.25
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    • Article, Illustration
      Lock icon Fed’s economic projections to steal the show
      575 8  -  STOCKS Melissa Tan melissat@sph.com.sg @MelissaTanBT CENTRAL banks will take centre stage again this week, with both the United States Federal Reserve and the Bank of England expected to make monetary policy announcements in the later half, after the European Central Bank decided to
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    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 +5 242/234 257 209 6.4 6728.1 CapitaCom Trust 156.5 +5.5 157/151.5 164 127 5.5 4637.9 CapitaLand 310 +3 314/305 340 280 12.4 2.9 *****.2 CapitaMall Trust 197 +4 198.5/192.5 225 185
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 907,332,700 Spackman 224,639,100 Genting Sing 207,289,700 KrisEnergy 177,498,900 Ezion 170,782,300 Market volume 9,347,196,000 VALUE DBS Grp 855,262,256 Singtel 419,929,430 UOB 370,339,212 OCBC Bank 338,328,031 Global Logistic 219,575,883 Market value 5,890,677,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 9 VALUE CLOSE BT OB/OS -39.00 -50.00 BT CADI -*****.00 +7.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 692.58 -0.22 FTSE ST Small Cap 386.92 +0.19 FTSE ST All Share 721.63 -0.11 FTSE ST China Top 162.84 -0.26 FTSE ST China 206.10 +0.01 FTSE
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    • Article
      Lock icon SGX ETFs
      111 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 300 +4 2795 303/296 303/254 299/301 IS MS INDIA US$ US690 +27 1887 690/652 772/441 681/690 86.3 DBXT MSPHILS US$ US180.7 +3.8 458 181.2/173.1 222.5/158.5 180.3/181.1 14.5 ABF SG Bond ETF 115.3 -0.3 237
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    • Article
      Lock icon COMPANY MEETINGS
      123 8 COMPANY MEETING PLACE DATE TIME Courage Marine E Suntec S'pore International Convention Exhibition Centre Meeting Rooms 300-301 (Lvl 3) 1 Raffles Boulevard Suntec City 12-Dec 10.00am Natural Cool Hldg E 29 Tai Seng Avenue #07-01 Natural Cool Lifestyle Hub 12-Dec 2.00pm Novo Grp Ltd E RELC International Hotel
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Dec 9,2016 721.63 +8.09 (+1.13%) Current streak 1 day Week high 721.74 Week low 718.52 52-week high 721.63 (Dec 9, 2016) 52-week low 629.34 (Feb 12, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE WEEKLY
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE Index Dec 9,2016 1,677.89 +47.28 (+2.90%) Current streak 5 days Week high 1,677.89 Week low 1,637.16 52-week high 1,719.66 (Dec 25, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 7 1 1 0 0 11 7 1 Manufacturing 57 47 29 17 17 13 74 64 42 Commerce 28 23 11 6 7 7 34 30 18 Tpt/Stor/Comms 13 15 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 67,426 1,525 68,951 250,708 248 250,956 Manufacturing 508,726 481,188 989,914 534,774 18,279 553,053 Commerce 1,220,250 187,444 1,407,694 506,155 2,518 508,673 Tpt/Stor/Comms 426,829 599 427,428 771,758 55 771,813 Finance 133,562 593 134,155 1,662,864 87 1,662,951 Construction
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    • Article, Illustration
      Lock icon Gold ‘getting hit from all directions’ now
      560 8 COMMODITIES BLOOMBERG London EVERYTHING’S against gold at the moment. Gold futures closed at the lowest level since February as the Federal Reserve gears up to raise rates, while US equities at record levels lure money out of havens and fund holdings wither. Assets
      BLOOMBERG; PHOTO: BLOOMBERG  -  560 words
    • Article
      Lock icon Euro drops again after dovish ECB language
      350 9 CURRENCIES REUTERS New York THE euro dropped on Friday for a second consecutive day in a continued reaction to the European Central Bank’s extending its bond-buying programme longer than many had anticipated, even as the bank cut the size of the monthly purchases.
      REUTERS  -  350 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        389 9 Dec 9 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.50 *****.00 *****.50 *****.00 *****6 *****2 Jan17 *****.00 *****.50 *****.00 *****.00 ***** 8588 NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 *****5 *****4 Jun17 *****.00 *****.00 *****.00 *****.00 195 2 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 9 Most active Dec 9 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.5 0.1 ***** 1 1 36 2.20 8 Charisma EnergyServicesW*****8 0.3 unch ***** 1 0 -50 2.00 59 OCBC BK MB ECW*****6 8.5
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 9 Index Change Change Change Change Change Change World Preliminary 1364.4 0.4 6.8 0.8 6.6 0.2 5.7 EAFE Preliminary 1025.7 0.6 1.2 0.7 -1.3 0.2 -2.2 Europe Preliminary 1438.0 0.6 1.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 9 $S Offer Bid 0vernight 0.05 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.16 US$ Offer Bid 7 days 0.70 0.60 1 month 0.80 0.70 2 months 0.95 0.75 3 months 1.10 0.90 6 months 1.40 1.20 9 months 1.55 1.35 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Dec 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.73 104.81 104.70 5-Year N*****0Z 1.250 01-Oct-21 97.42 97.55 97.30 10-Year NX*****F 2.125 01-Jun-26 97.63 98.00 97.60 15-Year NZ*****F 2.875 01-Sep-30 101.57 101.74 101.20 20-Year NZ*****X 2.250 01-Aug-36 91.82
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Dec-8 Price Net change change Last Trade Agricultural Dec-8 CBOT Soybeans (US cents/bu) 1027.00 -22.00 -2.10% 13/01/2017 CBOT Soybean Oil (US cents/lb) 37.05 -0.67 -1.78% 14/12/2016 CBOT Wheat (US cents/bu) 390.75 4.50 1.17% 14/12/2016 Dec-8 LIFFE Cocoa (£/tonne) 1773.00 -35.00 -1.94% 13/12/2016 LIFFE Coffee (US$/tonne) 2015.00 -15.00 -0.74%
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    • Article
      Lock icon China bad-debt manager now a shareholding firm
      510 10 Great wall Asset Management can sell stakes to new shareholders, list itself REUTERS Beijing CHINA Great Wall Asset Management Co officially launched as a restructured joint-stock firm on Sunday, with an eye towards a market listing and a bigger role in tackling China’s
      REUTERS  -  510 words
    • Article
      Lock icon PRIME LENDING RATES
      251 10 Dec 9 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
      251 words
    • Article, Illustration
      Lock icon Private equity execs best paid among peers in major US industries
      879 10 NYTIMES New York THERE is CEO pay. Then there is private equity CEO pay. When large corporations disclose how much money their top executives make each year, the companies list salary, bonus and, in many cases, stock options or
      NYTIMES; PHOTO: REUTERS  -  879 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      814 10 Payment Ex Rec Pay Ann (cts) date date date date Accordia Golf Tr bi 2.450 02-Dec 06-Dec 15-Dec 11-Nov AF Global ak 1.000 02-Dec 06-Dec 19-Dec 25-Nov AF Global aw 1.250 02-Dec 06-Dec 19-Dec 25-Nov AIMS AMP Cap Ind bi 0.124 04-Nov 08-Nov 22-Dec 27-Oct AIMS AMP Cap
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1118 10 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 0.05 11.75 0.81 0.64 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.11 12.26 1.63 1.31 ARA Asset Mgt 1.25 1.25 2 0.09
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    • Article
      Lock icon SGX MAINBOARD
      1999 11 Week Ended: Dec 9 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High Week Low 149 124.5 AIMSAMP Cap Reit 131 unch 1577 133.5 130 0.9 8.7 834.8 C'vr 172.5 101 ARA Asset
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    • Article
      Lock icon SGX CATALIST
      378 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Week Div GrYld Net MCap 0.5 0.1 t Advanced Systems 0.2 unch 21 0.2 0.2 5.3 46.5 29.5 t Advancer Global 37 unch 272 38 36.5 14.7 64.1 15.3
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    • Article
      Lock icon SGX ETF
      171 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 905 736 CIMBASEAN40 US$ US822 +4 2 822 819 128.9 3268 2355 DBXT China50 US$ US3128 +3 39 3158 3078 8.6 116.2 97.5 DBXT MS SING US$ US114.9
      171 words
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      900 5 NOTICE 2017 NOTES This Notice is for the attention of the holders of the S$130,000,000 6.25 per cent. Fixed Rate Notes Due 2017 comprised in Series 001 (ISIN: SG6RD*****00) issued by KrisEnergy Ltd. KRISENERGY LTD. (incorporated with limited liability under the laws of the Cayman Islands) NOTICE to the holders
      900 words
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      Lock icon Page 5 Advertisements Column 2
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      71 words
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      229 7 4 ABSOLUTE TO UGHNESS 'S f 4* v. X k m 9f2: PAR ■nji V' I \A h A 1 /I 4 4 K)4i£i /0 X 3« o <n A I 0 I <>* m A. m a LU si r o L 0 oNJi> X 2 o s |T
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      94 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Tenants in Europe fight back against landlord Wall St
      1344 12 They rally against eviction after US firms swept into cities, suburbs to take advantage of fallout from the worst economic downturn since World War II NYTIMES Dublin THE Tobun family never missed a rental payment on their modest brick row house
      NYTIMES; PHOTO: NYTIMES  -  1,344 words
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      294 12 wine ourbestpicks wine subscriptions IN ASSOCIATION WITH Finewines atyourdoorstep Subscribe to ST’s new wine club and get up to four bottles of premium wine delivered to your home every month. Our best picks are done with the 100-point rating system by Robert Parker Wine Advocate. All featured wines sold by
      294 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon Is a financial adviser really needed?
      1171 13  -  Yes, unless one has the time, interest and discipline, and doesn’t suffer from optimism bias. BY BARRY RITHOLTZ T The writer is chief investment officer of Ritholtz Wealth Management and author of Bailout Nation. He runs a finance blog, The Big Picture WP MANY
      WP; PHOTO: FREEIMAGES  -  1,171 words
    • Article, Illustration
      Lock icon Singapore retail scene: net demand to remain soft
      1040 13 RETAIL rents in Singapore have demonstrated a remarkable period of stability post-Global Financial Crisis (GFC), with average rents in both prime (Orchard) and suburban locations holding steady for nearly four years. However, since their peak in early 2015, average retail rents have
      PHOTO: BLOOMBERG  -  1,040 words
  • Page 13 Advertisements
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      104 13 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      104 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Big US banks could see fat payday under Trump
      797 14 His election bolsters chances for pro-growth measures, tax cuts, and loosening of Dodd-Frank law and other rules AFP New York AFTER eight years of unrelenting scrutiny and billions of dollars in legal settlements, the banking industry suddenly is facing a more
      AFP; PHOTO: REUTERS  -  797 words
    • Article
      Lock icon Vietnam arrests five former bank employees for alleged mismanagement
      268 14 AFP Hanoi VIETNAM has arrested five former bank employees for alleged mismanagement, including an ex-managing director and his deputy, the latest executives to be punished in the scan-dal-hit sector. Tran Phuong Binh, his deputy Nguyen Thi Ngoc Van and three others
      AFP  -  268 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Riyadh signals deeper cuts after non-Opec curbs
      804 15 Saudi oil minister ready to cut to below the psychologically significant level of 10 million barrels a day BLOOMBERG London SAUDI Arabia signalled that it’s ready to cut oil production more than expected, a surprise announcement made minutes after Russia and several other
      BLOOMBERG; PHOTO: AFP  -  804 words
    • Article, Illustration
      Lock icon Quebec paves way for oil, gas exploration with new energy law
      895 15 BLOOMBERG Toronto QUEBEC’S legislature has passed a bill that will pave the way for more oil and gas exploration, providing a boost to drillers such as Junex Inc while drawing criticism from environmental, aboriginal and citizen groups. Bill 106
      BLOOMBERG; PHOTO: REUTERS  -  895 words
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      1725 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg PHARMESIS INTERNATIONAL LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****9641E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of PHARMESIS INTERNATIONAL LTD. (the “Company”) will be held at 5 Kallang Sector, #03-02, Singapore
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Outspoken China tycoon struggles to save his extended empire
      1750 16 He is striking a more modest tone these days as he scrambles to raise money BLOOMBERG Beijing AS China’s Jia Yueting expanded his tech empire, he wasn’t shy about critiquing industry giants. In his first international TV appearance in April, the
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,750 words
    • Article
      Lock icon TDK in talks to buy US chipmaker: sources
      405 16 REUTERS Aspen, Colorado JAPANESE electronic parts maker TDK Corp is in talks to acquire InvenSense Inc, a US chipmaker that produces motion sensors for Apple Inc and Samsung Electronics Co, people familiar with the matter said on Friday. The deal would allow
      REUTERS  -  405 words
    • Article, Illustration
      Lock icon Top Alphabet executives planning to attend Trump’s tech meeting: source
      419 16 BLOOMBERG San Francisco PRESIDENT-elect Donald Trump’s sitdown with technology titans this week will have two marquee attendees: Alphabet Inc’s Larry Page and Eric Schmidt. Mr Page, chief executive officer of the Google parent company, and Mr Schmidt, the chairman, were
      BLOOMBERG; PHOTOS: BLOOMBERG  -  419 words
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      231 16 NOTICES NOTICE OF INTENDED PREFERENTIAL DIVIDEND PURSUANT TO SECTION 328(1)(b) TO (f) OF THE COMPANIES ACT, CAP. 50 SERES HVAC ENGINEERING PTE LTD Name of Company Registration No. Address of former registered office Last day of receiving proofs Name of liquidators Address of liquidators (In Liquidation) *****6951E 1 Tuas Avenue
      231 words
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  • CONSUMER
    • Article
      Lock icon Drugmakers take steps to fend off future attacks
      955 17 Worried about drawing Trump’s ire, they aim to limit price increases and lobbying groups have pushed ahead with major campaigns intended to win back the narrative NYTIMES New York IF the nation’s pharmaceutical executives thought Donald Trump would grant them a reprieve
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      Lock icon Crisis-hit Venezuela forces stores to hold Christmas sales
      739 17 AFP Caracas EVER since Venezuelan government agents put up a giant “Sale” sign in his storefront, crowds have been lining up outside Juan Vieira’s shoe shop. But he’s having a hard time getting into the Christmas spirit. “What good is it to
      AFP; PHOTO: AFP  -  739 words
    • Article
      Lock icon Biggest challenge facing Coca-Cola’s next CEO: cutting calories
      644 17 BLOOMBERG New York COCA-COLA Co’s incoming CEO has his work cut out for him to bring the 130-year-old company into a millen-nial-dominated era. James Quincey, who takes over as chief executive officer next year, is under pressure to dramatically cut the calories
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      281 17 NOTICES Te l 6 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 a s s c o m s g IN
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      168 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF INDOSUEZ W.I. CARR PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2883M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
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      139 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HUADE MOBILE CARS PTE LTD COMPANY REG. NO: *****5730W (IN MEMBERS’ VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap. 50 that the FINAL MEETING
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      150 17 NOTICE Section 92(4) of the International Business Companies Act 1994 RE: VOLUNTARY DISSOLUTION OF Ruizhi Synergy Ltd. (the “Company”) The Company hereby gives notice that: (i) the Company is in dissolution; (ii) the date of commencement of the dissolution is 11 November 2016; and (iii) the Liquidator of the Company
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Market resilience welcome but caution in order: BIS
      721 18 investors should be prepared for further bouts of extreme volatility and “flash crash” episodes REUTERS London FINANCIAL markets have been remarkably resilient to rising bond yields and the sudden shift in outlook following last month’s shock US election result, but the sheer
      REUTERS; PHOTO: BLOOMBERG  -  721 words
    • Article
      Lock icon Gulf states shaking up cushy public sector amid oil slump
      588 18 REUTERS Doha AHMED, a Qatari civil servant, used to arrive at his office at a government ministry in Doha late in the morning and leave for home after lunch, collecting a monthly salary of 40,000 riyal (S$ 15,700) and a
      REUTERS  -  588 words
    • Article
      Lock icon Gentiloni is Italy’s new Prime Minister
      528 18 AFP Rome PAOLO Gentiloni was named on Sunday as Italy’s new prime minister following reformist leader Matteo Renzi’s resignation in the wake of a crushing referendum defeat. Mr Gentiloni, who served as foreign minister under Mr Renzi, was asked by President Sergio Mattarella to
      AFP  -  528 words
    • Article
      Lock icon Danes consider minting e-krone
      561 18 BLOOMBERG Copenhagen THERE’S a growing number of central banks questioning the point of printing paper money. In Denmark, the wardens of cash are now looking into producing a virtual currency instead, which they predict will make crime harder and oversight easier. The Danes aren’t alone. Britain
      BLOOMBERG  -  561 words
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      Lock icon Turkey mourns after Istanbul bombings by Kurdish militant group kill 38
      777 18 AFP Istanbul TURKEY declared a day of national mourning on Sunday after twin bombings killed 38 people near a football stadium in Istanbul for which a Kurdish militant group said it was responsible. The claim was made by the
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      Lock icon S Korea minister vows to keep economy ‘strong and stable’
      530 19 Latest political crisis another burden for an economy already hammered by external uncertainties, he says AFP REUTERS Seoul SOUTH Korea’s finance minister vowed on Sunday to keep Asia’s fourth-largest economy “strong and stable” after a decision by lawmakers to impeach
      AFP; REUTERS; PHOTO: AFP  -  530 words
    • Article
      Lock icon N Korea military drill targets South’s presidential office
      273 19 AFP Seoul SOUTH Korea warned on Sunday of “fatal” consequences for Pyongyang’s leadership if provoked into conflict, after North Korean leader Kim Jong-Un oversaw a military drill simulating an attack on Seoul’s presidential Blue House. Mr Kim watched with binoculars as North
      AFP  -  273 words
    • Article
      Lock icon Foreign casinos show odds against China’s cash curbs
      562 19 REUTERS Saipan FOR evidence of the odds stacked against China’s battle to stop the flight of cash battering its currency and draining its reserves, look no further than the tiny Pacific island of Saipan, which has hit the jackpot with a flood
      REUTERS  -  562 words
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      Lock icon Fed to raise rates as Trump economy looms
      761 20 But there are no guarantees 2017 will see the beginning of a tightening cycle, analysts say, given the uncertainties in geopolitics AFP Washington THERE is little room for doubt that the US Federal Reserve will raise the benchmark interest rate this week
      AFP; PHOTO: REUTERS  -  761 words
    • Article
      Lock icon Curbs on China investment will hurt US jobs: Wanda chief
      265 20 BLOOMBERG Shanghai ANY move to curb investment by Chinese companies in the US after Donald Trump is sworn in as president could put at risk the jobs of 20,000 Americans employed by Dalian Wanda Group Co, chairman Wang Jianlin has
      BLOOMBERG  -  265 words
    • Article
      Lock icon NY should worry about social service cuts in Trump era
      1012 20  -  COMMENTARY By Ginia Bellafante NYTIMES New York FOR the last several weeks, discussions of the ways a Trump presidency will affect life in New York City have revolved largely around questions of inconvenience, when they might have been better cast
      NYTIMES  -  1,012 words
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      Lock icon Canada’s US$7b dam tests the limits of state power
      1268 21 Project has prompted mounting opposition and legal challenges; opponents also say the emergence of cheaper energy alternatives makes it an enormous boondoggle NYTIMES New York RUGGED, remote and prized for its rare microclimate, the Peace River Valley in north-eastern British Columbia
      NYTIMES; PHOTO: NYTIMES  -  1,268 words
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      290 19 Doyouknowof anySingaporeans whoseinspiringor extraordinaryacts havemadeanimpacton somepartoftheworld? The Straits Times Singaporean Of The Year Award, in partnership with UBS, seeks to honour the positive impact made by Singaporeans and celebrate the triumph of the human spirit. To nominate, go to str.sg/soty2016site Terms and conditions apply. ORGANISED BY PRESENTED BY SHORTLISTED FINALISTS
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      216 20 $53.50 Value.able shares with us the right mindset which every investor should have and how we can identify the extraordinary businesses in the stock market. Most importantly, it teaches us the different valuation models for stocks valuation. By following the 3 simple steps mentioned in the book, investors are able
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      24 20 CkT-tt) zaobao. sgW W'fT IS Looking for Christmas gifts below $20? Check out zaobao.sg gift guide C' ft v 03i 0 AWAW lvH bit.ly/zb_xmas2016
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      50 21 Current Affairs Special Singapore Economy at the Crossroads What's Next? Watch ministers, business representatives and scholars discuss all about future economy! Broadcast details 6 Dec 2016 to 3 Jan 2017 New episode every Tuesday 9.30pm on StarHub TV E City CH111/825 ●10.00pm on zaobao.sg http://bit.ly/zb-it-matters Chinese programme with English subtitles
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  • TRANSPORT
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      Lock icon Britain’s car industry vulnerable after Brexit
      1253 22 If there’s a bitter UK-EU divorce, Toyota and others face the prospect of higher tariffs, a smaller labour pool, and less access to their 500m potential customers in Europe NYTIMES Burnaston, England ON Toyota’s brightly lit assembly line here, workers guide wheel and engine
      NYTIMES; PHOTO: NYTIMES  -  1,253 words
    • Article
      Lock icon You can’t make phone calls in flight, but new rule hints at a change
      909 22 NYTIMES New York OVER time, airline passengers have been deprived of comfortable seats, passable food, space for some carry-on luggage, leg room, head room, arm room and any other amenities that may separate humans from cattle.
      NYTIMES  -  909 words
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      Lock icon Michigan enacts first law for testing, sale of driverless cars
      372 22 BLOOMBERG Southfield, Michigan MICHIGAN, in a race with Silicon Valley for supremacy in autonomous cars, has enacted legislation that it said is the first in the US to establish comprehensive regulations for the testing, use and eventual sale of selfdriving
      BLOOMBERG; PHOTO: AFP  -  372 words
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      54 22 “I commend this excellent biography of one of Singapore’s most loved founding fathers.” PROFESSOR TOMMY KOH Ambassador-at-Large at the Ministry of Foreign Affairs, Singapore Now on sale at all major bookstores and www.stpressbooks.com.sg Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon My headphones, my self
      1300 24 Global headphone sales hit new highs as privacy-loving urbanites spend hundreds or thousands of dollars for the perfect listening experience NYTIMES New York YOU see them on every block: people being propelled through their routines listening to their own individualised soundtracks, with the outside world serving
      NYTIMES; PHOTO: NYTIMES  -  1,300 words
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      Lock icon La La Land seen leading Golden Globe nominations
      465 24 AFP Los Angeles NOMINATIONS for the Golden Globes will be unveiled on Monday, with critics expecting musical La La Land to lead the pack ahead of Moonlight, Manchester by the Sea and Lion. In a departure from last year’s awards calendar, the
      AFP; PHOTO: AFP  -  465 words
    • Article, Illustration
      Lock icon New film explores Russian society through dashcams
      488 24 AFP Moscow DRIVERS keep their cool as they plunge into a river, race through a forest fire or see a falling meteorite in a new documentary made from Russian dashcam footage that the filmmaker says represents a national characteristic. Dmitry Kalashnikov, 29, from
      AFP; PHOTO: AFP  -  488 words
  • Page 24 Miscellaneous
    • Miscellaneous
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      334 24 CRYPTIC CROSSWORD Across 1 Run off with pins and needles for a short time (10) 6 Work a large stone (4) 9 Constant pain in store (5) 10 In row, no writer offers penetrating article for the household (3-6) 12 Growth for helping to secure our time on earth (13)
      334 words