The Business Times, 22 December 2016
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2016-12-22
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The Business Times
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Title Section23 2016-12-22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Thursday, December 22, 201623 words
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Article27 2016-12-22 1 Wednesday Change STI 2,901.70 -9.61 KL COMP 1,629.59 -4.93 NIKKEI 225 19,444.49 -50.04 HANG SENG 21,809.80 +80.74 SHENZHEN B 1,128.64 +3.45 DOW (11.45 EST) 19,957.91 -16.7127 words
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Article, Illustration197 2016-12-22 1 improving access to products and capital while strengthening disclosure and accountability form the main thrust behind a particularly eventful year for market regulations in Singapore. TOP STORIES 2 In a year of surprises for Singapore’s land transport sector, the biggest shocker was why COEs didn’t fall when they197 words
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Article, Illustration742 2016-12-22 1 Vivien Shiao - But pessimistic outlook is in line with recent economic indicators, say analysts By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore THE latest SBF-DP SME Index, which measures the business sentiment of small and medium-sized enterprises (SMEs), has dipped to an all-timeSource: SBF- DP SME Index Q1 '17-Q2 '17 - 742 words
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Article, Illustration361 2016-12-22 1 TAN HWEE HWEE - The Baltic Dry Index’s rebound to an almost two-year high of 1,257 points in November from an all-time low of 290 in February has lifted market expectations that the worst may be over for the dry bulk shipping sector. But analysts are split on whetherSource: Bloomberg; Source: BIMCO, Clarksons, Chinese customs; Source: Drewry’s Dry Bulk Forecaster; Source: Bimco, Clarksons, Chinese customs; Compiled by BT - 361 words
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Page 1 Advertisements
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Advertisement175 2016-12-22 1 "*****1 3000 1 1 THE BUSINESS TIMES The L.U.C Collection Each part is a masterpiece The mysteriously shaped date lever springs into action, commanding the date wheel to perform an instant 11.6129-degree jump corresponding to one day. Once its task is accomplished, it takes a 24-hour break. Like every component175 words
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Advertisement12 2016-12-22 1 ADVERTISERS’ FAVOURITE Advertisers give BT website thumbs up again TOP STORIES 312 words
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Advertisement20 2016-12-22 1 OUTLOOK 2017 Blockchain: the next internet wave? TOP STORIES 3 A NEW ERA Trump: A disruptor or an ‘innovator’? OPINION/2220 words
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TOP STORIES
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1743 2016-12-22 2 Kenneth Lim - Striking a balance in regulations to maintain competitiveness is key OUTLOOK 2017 By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore IMPROVING access to products and capital while strengthening disclosure and accountability formed the main thrust behind a particularly eventful year for1,743 words
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473 2016-12-22 2 Claire Huang - 1MDB SCANDAL By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE sentencing of former BSI banker Yeo Jiawei for attempting to pervert the course of justice in connection with Singapore’s largest money-laun-dering probe linked to the massive 1Malaysia Development Bhd (1MDB) scandal will take473 words
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Article, Illustration450 2016-12-22 2 Samuel Ee - By Samuel Ee samuelee@sph.com.sg Singapore PASSENGER-CAR COE (Certificate of Entitlement) premiums bounced back up again after falling significantly a fortnight ago, although they still ended below the year’s highs. In the final bidding exercise of 2016, Category A for cars below 1,600cc andFILE PHOTO - 450 words
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Article, Illustration559 2016-12-22 2 BLOOMBERG Kuala Lumpur 1MALAYSIA Development Bhd has paid the interest on its bonds that were due this quarter after the debt’s Abu Dhabi co-guarantor was compelled to service the coupons earlier in 2016, which had led to the deepeningBLOOMBERG; PHOTO: BLOOMBERG - 559 words
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Article, Illustration421 2016-12-22 3 Chai Hung Yin - Advertisers give BT website thumbs up again The Digital Media of the Year survey by Marketing magazine shows that BT is tops for a second year By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore FOR the second consecutive year, The Business Times’ website is the top local business finance choice for421 words
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1002 2016-12-22 3 Jamie Lee - OUTLOOK 2017 By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BLOCKCHAIN is likely to take centre stage in the discussions around fintech in 2017, especially as Singapore will test out the technology with the backing of the central bank. The pilot and ensuing dialogue, could also go1,002 words
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436 2016-12-22 3 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE decision by Petronas Nasional to cut its oil production by 20,000 barrels per day (bpd), while largely symbolic, underscores its commitment to the joint effort by the Organization of the Petroleum Exporting Countries436 words
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Article, Illustration481 2016-12-22 3 REUTERS Luxembourg A TOP adviser to the European Court of Justice said on Wednesday that a trade agreement between Singapore and the European Union cannot be fast-tracked into force, in a legal opinion that is likely to slow down ratificationREUTERS; PHOTO: REUTERS - 481 words
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Article, Illustration719 2016-12-22 4 Samuel Ee - Cars and COEs were also in the spotlight this year REVIEW 2016 By Samuel Ee samuelee@sph.com.sg Singapore IN a year when the main train operator was privatised, and ride-hailing apps revolutionised public transport, the bigger surprise for some was over a more private formFILE PHOTO - 719 words
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596 2016-12-22 4 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo THE Japanese government on Wednesday upgraded its view of the nation’s immediate economic outlook for the first time in 18 months, echoing a similar upgrade the previous day by the Bank of Japan596 words
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Page 4 Advertisements
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Advertisement195 2016-12-22 4 NOTICES Tenders are invited by the Institute of Service Excellence at Singapore Management University (ISES) for 1. Data Collection On Companies’ Revenue Share for Selected Sub-sectors covered in the Customer Satisfaction Index of Singapore (CSISG) 2017 till 2019; 2. Data Collection On Incidence Study for Sub-sectors covered in the Customer195 words
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Advertisement198 2016-12-22 4 St, news with benefits IN ASSOCIATION WITH wine our best picks <uA r-AWgL* M /V 5k ’rS T ■S--L. j *4 i i X m rr m JP T: H Fine wines at your doorstep Subscribe to ST's new wine club and get up to four bottles of premium wine198 words
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COMPANIES & MARKETS
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825 2016-12-22 5 MELISSA TAN - HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT Airconditioning firm Natural Cool’s extraordinary general meeting (EGM) on Thursday, its second this month, might go quite differently from its first one on Dec 12 where its executive chairman managed to survive an ouster attempt by825 words
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302 2016-12-22 5 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore COMFORTDELGRO Corp revealed before Wednesday trading hours an agreement to buy out the 49 per cent stake it does not own in its Australian venture, ComfortDelGro Cabcharge Pty Ltd (CDC), for A$186302 words
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202 2016-12-22 5 BLOOMBERG Hong Kong TDK Corp has agreed to buy InvenSense Inc in a deal that values the supplier of sensors to Apple Inc and other smartphone makers at about US$1.3 billion. The offer is worth US$ 13a share in cash for theBLOOMBERG - 202 words
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315 2016-12-22 5 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BELEAGUERED flooring firm Jason Holdings on Wednesday said it has signed a binding conditional term sheet with its non-executive chairman and controlling shareholder Lim Chwee Kim to issue to him two billion new shares to raise315 words
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Article, Illustration513 2016-12-22 6 Tan Hwee Hwee - Financial adviser to one noteholder group denies claim the group sought to liquidate shipping trust By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE noteholders of Rickmers Maritime on Wednesday thumbed down a repeated attempt by the shipping trust to restructure S$100 million of513 words
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Article, Illustration1109 2016-12-22 6 Mark Gilbert - COMMENTARY By Mark Gilbert T Mark Gilbert is a Bloomberg View columnist. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. BLOOMBERG London ANY conversation with a European bank executiveBLOOMBERG; PHOTO: BLOOMBERG - 1,109 words
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268 2016-12-22 6 BLOOMBERG Sydney TWO of Australia’s largest banks vowed to toughen oversight of their foreign exchange practices and each pay A$2.5 million (S$2.6 million) to the nation’s financial literacy fund after a regulator found inappropriate conduct in their currency trading divisions. CommonwealthBLOOMBERG - 268 words
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767 2016-12-22 6 Michelle Quah - By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore 2017 is set to be another rollercoaster year for bonds, says Schroder Investment Management in Singapore (Schroders). And it intends to adopt “a more opportunistic investment strategy” to cope with this. Bob Jolly, head767 words
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138 2016-12-22 6 REUTERS Shanghai CHINA’S Ministry of Finance on Wednesday auctioned 16 billion yuan (S$3.3 billion) of three-year bonds and another 16 billion yuan of seven-year bonds at an average yield of 3.0065 per cent and 3.1797 per cent, respectively, traders said,REUTERS - 138 words
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292 2016-12-22 6 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore TO GIVE more consumers access to an affordable dispute resolution process, the Financial Industry Disputes Resolution Centre (Fidrec) on Wednesday said that the limit for non-insur-ance related adjudicated claims would be raised from S$50,000 to292 words
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Article, Illustration853 2016-12-22 7 From 2018, each dark pool will only be able to handle 4% of overall trading in a security BLOOMBERG London OPERATORS of European stock markets are finding that bigger is better. In the New Year, regulators will be counting every European stockBLOOMBERG; PHOTO: REUTERS - 853 words
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CORPORATE DIGEST
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Article29 2016-12-22 7 HUATIONG Global has secured new civil engineering contracts totalling about S$87.1 million. These bring the total value of Huationg’s new projects secured in FY16 to S$113.7 million.29 words
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Article107 2016-12-22 7 CHINA Auto Electronics requested a trading suspension before the market opened on Wednesday as its shares held by the public have fallen below 10 per cent. On Dec 12, the listed group announced a loss of its free float on the Singapore bourse. This came as107 words
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Article70 2016-12-22 7 CHINA Environment has lodged a report to the commercial Affairs Department of the Singapore Police Force against its former executive chairman Huang Min and its former chief financial officer Chiar Choon Teck in respect of non-existent receivables. The company said on Sept 21 that its appointed Chinese legal70 words
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Article70 2016-12-22 7 SIA Engineering has inked a S$250 million services agreement with SIA Cargo. This is a renewal of an existing services agreement with SIA Cargo that expires this year. The new agreement, commencing Jan 1, 2017, is for three years, with options to renew for three years and a70 words
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Article102 2016-12-22 7 GOLDEN Agri (GAR) has, through its unit Belino Investments, subscribed for a limited partnership interest in a technology investment fund called RMDV Fund I. Its contribution and commitment towards the fund will be up to US$125 million by the injection of non-cash assets (US$104.8 million) and US$20.2 million102 words
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Article126 2016-12-22 7 with effect from Jan 1, 2017, Bahren Shaari will step down as chairman and member of Singapore Press Holdings’ (SPH) audit committee. Current member Quek See Tiat will be appointed chairman and Andrew Lim will be appointed as a member. On the same date, Ng Yat Chung,126 words
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289 2016-12-22 7 BLOOMBERG London COCA-COLA Co will pay US$3.15 billion to buy Anheuser-Busch InBev NV out of an African bottling joint venture after the Budweiser brewer’s takeover of the US beverage company’s partner in the region. Wednesday’s announcement comes just overBLOOMBERG - 289 words
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Article, Illustration63 2016-12-22 8 STI Catalist Straits Times Index Dec 21,2016 2,901.70 -9.61 (-0.33%) Current streak 3 days Day high 2,924.42 Day low 2,901.70 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Dec 21,2016 435.74 +1.49 (+0.34%) Current streak 1 day Day high 437.40 Day low63 words
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Article74 2016-12-22 8 BY CENTS CLOSE UP 52w high/low JMH USD 5477 72.2 0.9 6371/4669 Hyflux 6% CPS 9475 49.0 0.5 *****/9100 JSH USD 3255 36.1 0.8 3605/2524 DBXT China50 US$ 2970 26.0 0.6 3268/2355 China Mining 57 17.0 42.5 68/14.5 BY PERCENTAGE CLOSE UP 52w high/low China Haida 4 100.0 2.074 words
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Article72 2016-12-22 8 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 3990 -70.0 -1.7 4520/3160 DBXT Vietnam US$ 2100 -33.2 -1.1 2533/2017 DBXT MSTHAI US$ 1894 -31.8 -1.1 2107/1419 UOB 2070 -16.0 -0.8 2135/1680 DBXT MSTaiwan US$ 2235 -14.4 -0.4 2345/1667 BY PERCENTAGE CLOSE DOWN 52w high/low Advanced Systems 0.2 -33.3 -0.172 words
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Article82 2016-12-22 8 VOL CLOSE($) CHANGE China Mining 107.3 0.570 +0.170 +42.50 Intraco 142.4 0.330 +0.080 +32.00 San Teh 187.2 0.220 +0.020 +10.00 Artivision Tech 22,647.3 0.019 -0.002 -9.52 VibroPower 10.8 0.220 -0.025 -10.20 CEFC Intl 92.0 0.135 +0.020 +17.39 Transcorp 51.2 0.033 -0.006 -15.39 YHI Intl 20.0 0.280 -0.045 -13.8582 words
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Article, Illustration637 2016-12-22 8 R Sivanithy - Brokers cite upcoming holidays and withdrawal of capital from emerging markets as reasons for dull session TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT TRADING on Wednesday was quiet with turnover amounting to a low 1.4 billion units worth S$789.4 million. Rises in theSource: Bloomberg - 637 words
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Article304 2016-12-22 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 -2 231/225 257 209 6.7 6396.3 CapitaCom Trust 148.5 -1.5 151/148.5 164 127 5.8 4400.8 CapitaLand 299 -1 301/298 340 280 12 3 ***** CapitaMall Trust 189 -3 191/188.5 225 187304 words
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Article34 2016-12-22 8 VOLUME Spackman 107,031,500 Noble 54,149,700 QT Vascular 41,845,600 Ezra 35,242,100 LionGold 30,000,000 Market volume 1,365,874,000 VALUE Singtel 82,182,138 DBS Grp 66,490,234 OCBC Bank 34,720,419 UOB 30,485,583 Ascendas Reit 27,324,262 Market value 784,211,00034 words
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Article77 2016-12-22 8 Dec 21 VALUE CLOSE BT OB/OS -409.00 -64.00 BT CADI -*****.00 -48.00 BT 10-day MA -*****.00 -41.00 FTSE ST Mid Cap 676.76 -2.20 FTSE ST Small Cap 377.94 -0.75 FTSE ST All Share 708.21 -1.85 FTSE ST China Top 159.15 -0.43 FTSE ST China 204.57 -0.02 FTSE77 words
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Article114 2016-12-22 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 297 +1 212 298/296 303/254 296/298 DBXT MSRussia US$ US246 +4 127 246/245 253/129 246/247 Phll Ap Div Reit S$D 125.5 +0.5 70 125.5/125.5 131/119.9 125.1/125.4 DBXT MSBrazil US$ US350 +4 31 350/349 422/190114 words
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Article, Illustration35 2016-12-22 8 STI FTSE ST All-Share FTSE ST All-Share index Dec 21,2016 708.21 -1.85 (-0.26%) Current streak 3 days Day high 712.51 Day low 708.21 52-week high 722.88 (April 21, 2016) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-12-22 8 STI MSCI EAFE MSCI EAFE index Dec 20,2016 1,670.71 -3.74 (-0.22%) Current streak 1 day Day high 1,674.71 Day low 1,666.45 52-week high 1,734.72 (Sept 7, 2016) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-12-22 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 4 1 0 0 6 6 4 Manufacturing 27 35 30 3 10 9 30 45 39 Commerce 15 17 7 3 5 4 18 22 11 Tpt/Stor/Comms 7 8 12186 words
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Article123 2016-12-22 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,372 792 11,164 36,124 120 36,244 Manufacturing 58,894 115,976 174,870 59,813 4,450 64,263 Commerce 85,618 8,887 94,505 62,477 143 62,620 Tpt/Stor/Comms 87,340 452 87,792 131,424 41 131,465 Finance 14,683 441 15,124 146,766 63 146,829 Construction123 words
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BROKERS’ TAKE
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Article488 2016-12-22 8 Kenneth Lim - Singapore Airlines HOLD Compiled by Kenneth Lim Target price: S$10.10 Dec 21 close: S$9.75 UOB Kay Hian, Dec 16 PARENT Singapore Airlines’ (SIA) load factor decline accelerated in the peak season. SIA’s passenger loads fell 1.9 percentage points (versus a 1.6 percentage point decline in October 2016) on the back488 words
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462 2016-12-22 9 CURRENCIES REUTERS London THE dollar took a breather on Wednesday after reaching a 14-year high the previous day, while the Swedish kronor chalked up its biggest rise in six months after the Riksbank voted to ease policy further only by the narrowestREUTERS - 462 words
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FOREX RATES
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Article471 2016-12-22 9 Dec 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.969 5.039 0.697 5.627 49.201 97.542 0.853 8.654 3.247 1.047 75.993 36.219 1.047 10.131 0.745 23.221 26.105 0.586 0.725 Canada 1.032 5.199471 words
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Article155 2016-12-22 9 Dec 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0469 1.0480 0.7248 0.7251 Canadian dollar 1.0803 1.0813 0.7482 0.7479 Euro 1.5026 1.5037 1.0403 1.0404 NZ dollar 1.0001 1.0014 0.6924 0.6929 Sterling pound 1.7851 1.7871 1.2359 1.2365155 words
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Article22 2016-12-22 9 Dec 21 S$ Bid Offer 1-month 1.4445 1.4457 2-months 1.4445 1.4457 3-months 1.4446 1.4458 6-months 1.4445 1.4460 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article380 2016-12-22 9 Dec 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 9915.00 *****.50 9910.00 *****.50 *****8 *****7 Jan17 9955.00 *****.00 9947.50 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****5 Jun17 *****.00 *****.00 *****.00 *****.00 62 328 MSCI TAIWAN380 words
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209 2016-12-22 9 Most active Dec 21 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****0 9.5 1.2 2765 0.1 1950 7 Innopac Holdings W*****0 0.1 unch 1800 1 1 11 UOB MB eCW*****1 11.6 -0.6 1784 0.1 2250 11209 words
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377 2016-12-22 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 20 Index Change Change Change Change Change Change World Preliminary 1376.7 0.3 7.7 0.0 7.9 0.1 5.9 EAFE Preliminary 1039.7 0.3 2.6 -0.4 -0.8 -0.2 -2.7 Europe Preliminary 1463.0 0.4 3.6377 words
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AGRI METALS ENERGY
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Article250 2016-12-22 9 Dec-20 Price Net change change Last Trade Agricultural Dec-20 CBOT Soybeans (US cents/bu) 1005.25 -16.25 -1.59% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.06 -0.50 -1.37% 13/01/2017 CBOT Wheat (US cents/bu) 403.25 -1.75 -0.43% 14/03/2017 Dec-20 LIFFE Cocoa (£/tonne) 1844.00 -19.00 -1.02% 16/03/2017 LIFFE Coffee (US$/tonne) 2141.00 -17.00 -0.79%250 words
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BANK RATES
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Article154 2016-12-22 9 Dec 21 $S Offer Bid 0vernight 0.03 Par 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.25 US$ Offer Bid 7 days 0.80 0.70 1 month 0.95 0.75 2 months 1.00 0.80 3 months 1.10 0.90 6 months 1.40 1.20 9 months 1.60 1.40 12154 words
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Article63 2016-12-22 9 Dec 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.4 5-Year N*****0Z 1.250 01-Oct-21 96.84 96.90 96.80 10-Year NX*****F 2.125 01-Jun-26 96.95 15-Year NZ*****F 2.875 01-Sep-30 101.15 101.35 101.01 20-Year NZ*****X 2.250 01-Aug-36 91.97 92.15 92.15 30-Year NA*****H63 words
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Article1662 2016-12-22 10 Transaction date: Dec 21 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 129 unch 216 129.5 128.5 0.9 8.8 822.1 C'vr 172.5 101 ARA Asset1,662 words
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Article292 2016-12-22 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day LOW Div GrYld Net MCap 46.5 29.5 t Advancer Global 36 -0.5 30 36 36 14.3 62.3 LOW Company Sale 19.9 8.3 t Anchor Resources 9 +0.2 276292 words
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Article160 2016-12-22 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E 120.1 112.1 ABF SG Bond ETF 114.1cd +0.4 29 115 113.7 520.8 Last Sale vol 3268 2355 DBXT China50 US$ US2970 +18 6 2970 2951 8.2 High 422 190 DBXT MSBrazil160 words
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Page 5 Advertisements
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Advertisement29 2016-12-22 5 Current Affairs Special How SMEs and Digital Economy—can digital technology help SMEs transform? Catch the video series on zaobao.sg Supported by: Series sponsor: Chinese programme with English subtitles http://bit.ly/zb-it-matters29 words
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Advertisement2560 2016-12-22 7 NOTICES FRASERS CENTREPOINT TRUST (CONSTITUTED IN THE REPUBLIC OF SINGAPORE PURSUANT TO A TRUST DEED DATED 5 JUNE 2006 (AS AMENDED AND RESTATED)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 8th Annual General Meeting of the unitholders of FRASERS CENTREPOINT TRUST (“FCT”, and the unitholders of2,560 words
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Advertisement11 2016-12-22 8 For full listings of SGX prices, go to http://btd .sg/BTm kts11 words
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Advertisement71 2016-12-22 10 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!71 words
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REAL ESTATE
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Article, Illustration1025 2016-12-22 11 Developers are situating accommodation near major medical centres, many in hotel-starved outskirts NYTIMES New York WHEN out-of-town patients used to travel to NewYork-Presbyterian Hospital, some would find that their best option for staying close to the hospital for early-morning surgery involvedNYTIMES; PHOTOS: NYTIMES - 1,025 words
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599 2016-12-22 11 COMMENTARY BLOOMBERG ONE OF the least-discussed challenges of the incoming Trump administration may also be among the most economically consequential: What to do with Fannie Mae and Freddie Mac, the government-controlled entities that own or guarantee about half of allBLOOMBERG - 599 words
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207 2016-12-22 11 BLOOMBERG London UK house-price inflation will slow in 2017 as affordability stretches potential buyers, the Royal Institution of Chartered Surveyors (RICS) said. Values will rise just 3 per cent and the number of transactions will see a moderate decline, RICSBLOOMBERG - 207 words
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1013 2016-12-22 12 Developer John Sobrato wants to build 200 micro-apartments for homeless and low-income renters in Santa Clara BLOOMBERG New York TINY houses have emerged in the past decade as a promising way to house more homeless people for less money.BLOOMBERG - 1,013 words
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388 2016-12-22 12 BLOOMBERG New York THE distressed US$149.4 million loan that backed UBS Group AG’s giant trading floor complex in Stamford, Connecticut, is up for sale, according to a person with knowledge of the offering. CWCapital Asset Management, the servicer thatBLOOMBERG - 388 words
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Article1549 2016-12-22 12 Property transactions for selected districts with contract dates between Nov 9 and Nov 15,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 11/11/2016 99 1227 3000 2445 District 2 NON-LANDED Icon Apt 10/11/2016 991,549 words
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Page 11 Advertisements
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Advertisement214 2016-12-22 11 Join us for a 3 hour seminar and you’ll discover Why market moves Market Action 101 Understand the various moods of market and benefitting from the mood swings the key to profit from Unusual Market Moves Know when you SHOULD and SHOULDN’T invest in the market How to profit from214 words
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Advertisement28 2016-12-22 11 Which Upcoming BTO should I buy? SRX .com.sg Right Home. Right Price. Upcoming BTO Launches BTO Pricing Forecast BTO news Past BTO Launches BTO Buying Guide r srx.com.sg/hdb/BTO28 words
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Advertisement255 2016-12-22 11 m v t- m Clinic sizes from 700 sf Multi-disciplinary medical centre with over 100 top specialists Prime location on Orchard and Tanglin Road Minutes to Gleneagles and Mt Elizabeth Hospitals, luxury residential enclave and hotels Radiology diagnostic laboratories Ample parking and complimentary shuttle to Orchard MRT CAMDEN MEDICAL CENTRE255 words
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Page 12 Advertisements
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Advertisement7 2016-12-22 12 we provide solutions not just property search.savills.com.sg7 words
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BANKING & FINANCE
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640 2016-12-22 13 It wants to capitalise on expected rise in Asia-Pac demand for quantitative strategies BLOOMBERG Hong Kong DEUTSCHE Bank AG is beefing up its Asia-Pacific equity-derivatives unit, as it looks to capitalise on an expected rise in demand for quantitative strategies from local investors. DavidBLOOMBERG - 640 words
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Article, Illustration931 2016-12-22 13 NYTIMES Shanghai CHINESE officials cheered on the country’s stock market when it reached heady new highs, offering hope that it could become a new source of money to fix China’s economic problems. Then, last year, the market crashed. Now, another fast-growingNYTIMES; PHOTO: NYTIMES - 931 words
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Page 13 Advertisements
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Advertisement1424 2016-12-22 13 NOTICES AZTECH GROUP LTD. (Incorporated in Singapore) (Company Registration No. *****1642R) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalised terms used in this Notice which are not defined herein shall, unless the context otherwise requires, have the same meaning ascribed to them in the circular to Shareholders dated 22 December 2016.1,424 words
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Advertisement445 2016-12-22 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RAC HOLDING PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****1272G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of RAC HOLDING PTE. LTD. deemed to have been duly convened and held445 words
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Advertisement448 2016-12-22 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RAC HOLDING II PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2437R NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of RAC HOLDING II PTE. LTD. deemed to have been duly convened448 words
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ENERGY & COMMODITIES
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Article, Illustration1148 2016-12-22 14 independent investigators criticise the opaque bidding process for contracts BLOOMBERG Tokyo CLEANING up the Fukushima nuclear plant a task predicted to cost 86 times the amount earmarked for decommissioning Japan’s first commercial reactor is the mother of all salvage jobs. Still, foreign firmsBLOOMBERG; PHOTO: AFP - 1,148 words
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891 2016-12-22 14 The fund run by JPMorgan Asset Management delivers 79% return after holding on to mining firms BLOOMBERG New York WHEN shares of mining companies including Freeport-McMoRan Inc to Glencore plc were collapsing last year, a small fund run by JPMorganBLOOMBERG - 891 words
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437 2016-12-22 14 REUTERS Singapore ASIAN thermal coal prices are set to come under pressure as a mild December in the Northern Hemisphere caps heating demand and China shuts power stations, factories, and even ports in a desperate fight against rampant smog.REUTERS - 437 words
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Page 14 Advertisements
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Advertisement7 2016-12-22 14 m axiriv V zaobao.com.sg/zvideos/zbkeywords *Chinese Language Content7 words
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Advertisement31 2016-12-22 14 4Want access to BBQ pits? 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 9988.31 words
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TECHNOLOGY
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Article, Illustration621 2016-12-22 15 His high-profile exit again raises questions about the stability of the company’s executive bench NYTIMES San Francisco TWITTER’S streak of executive turnover is continuing. Adam Messinger, Twitter’s chief technology officer, said in a Twitter message on Tuesday that he was leavingNYTIMES; PHOTO: BLOOMBERG - 621 words
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Article, Illustration1274 2016-12-22 15 Steven Davidoff Solomon - By Steven Davidoff Solomon NYTIMES New York IT’S time that we stopped beating up on Yahoo. With the recent disclosure of another hacking of Yahoo, one potentially affecting more than one billion accounts, Verizon Communications has reiteratedNYTIMES; PHOTO: AFP - 1,274 words
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860 2016-12-22 15 Cyberforgery ring has created more than 500,000 fake Internet users and 250,000 fake websites NYTIMES San Francisco IN a twist on the peddling of fake news to real people, researchers said that a Russian cyberforgery ring has created more thanNYTIMES - 860 words
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Page 15 Advertisements
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Advertisement588 2016-12-22 15 THE BUSINESS TTMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SHANNON ENGINE SUPPORT SINGAPORE PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****1819R ("the Company") NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 16588 words
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CONSUMER
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Article, Illustration687 2016-12-22 16 Analysts say the shortage may last at least a year as it could take up to 2 years for the industry to rebuild flocks REUTERS Seoul MOON Hong-nam, a pastry chef in Seoul, needs at least 15,000 eggsREUTERS; PHOTO: REUTERS - 687 words
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410 2016-12-22 16 BLOOMBERG Winnipeg COMPARED with most lunch sandwiches, the lobster rolls Alex Robinson sells from the side of his blue Happy Lobster Truck in downtown Chicago were already pricey. So, he was worried customers would go elsewhere after he started charging US$BLOOMBERG - 410 words
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Article, Illustration685 2016-12-22 16 AFP Glasgow WHILE most of Scotland voted against leaving the European Union, whisky makers have quietly been raising a wee dram to a side-effect of the Brexit vote a plunge in the value of the pound. The currency devaluationAFP; PHOTO: AFP - 685 words
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Article, Illustration477 2016-12-22 16 THOMSON REUTERS FOUNDATION Dakar THE failure of European jewellery firms to scrutinise their supply chains and a flawed diamond certification scheme are fuelling child labour and sexual abuse in artisanal mines in the Democratic Republic of Congo, a campaign groupTHOMSON REUTERS FOUNDATION; PHOTO: BLOOMBERG - 477 words
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338 2016-12-22 16 REUTERS London NIKE Inc, the world’s No 1 footwear maker, reported better than expected quarterly revenue and profit, fuelled by higher demand across markets such as Western Europe and Greater China and lower costs. Sales in North America, its biggest market, roseREUTERS - 338 words
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GOVERNMENT & ECONOMY
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Article, Illustration808 2016-12-22 17 German police also launches manhunt for Tunisian suspect responsible for Christmas market attack REUTERS AFP Brussels THE European Commission proposed tightening controls on cash and precious metals transfers from outside the European Union on Wednesday, in a bidREUTERS; AFP; PHOTO: REUTERS - 808 words
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486 2016-12-22 17 REUTERS Jakarta INDONESIAN anti-terrorism police killed three suspects in a gunfight on the outskirts of the capital, Jakarta, on Wednesday and foiled a suicide bomb plot, a police spokesman said. The raid was the latest in a series over recentREUTERS - 486 words
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367 2016-12-22 17 WP London INDIA’S economy has reportedly overtaken the United Kingdom’s for the first time in over 100 years, and now stands as the world’s sixth largest economy by gross domestic product (GDP) after the United States, China, Japan, Germany and France. TheWP - 367 words
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370 2016-12-22 17 LATEST US DATA REUTERS BLOOMBERG Washington US home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, as buyers rushed into the market to lock in low interest rates in anticipation of further increases in borrowingREUTERS; BLOOMBERG - 370 words
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630 2016-12-22 18 But government-imposed limits on foreign investment could bring down valuations REUTERS Sydney AUSTRALIA’S privatisation drive is set to draw billions of dollars of acquisition funds in 2017 adding to what corporate advisers expect to be a strong year for dealmaking, albeit one tempered byREUTERS - 630 words
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Article, Illustration652 2016-12-22 18 Downing Street wants smooth exit that works for all sectors of UK economy AFP London PRIME Minister Theresa May on Tuesday said she was planning to negotiate both Brexit and Britain’s future relationship with the European Union by 2019,AFP; PHOTO: AFP - 652 words
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471 2016-12-22 18 REUTERS Taipei TAIWAN on Wednesday accused China of using Sao Tome and Principe’s financial woes to push its “one China” policy after the West African state ended ties with the self-ruled island, with Taiwan saying that China’s action would not help relationsREUTERS - 471 words
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394 2016-12-22 18 AFP Tokyo TOKYO Olympics organisers unveiled a smaller budget of up to US$17 billion on Wednesday after coming under pressure to cut ballooning costs. The figure, down from last month’s pledge to cap spending at US$17.78 billion, follows warnings that the billAFP - 394 words
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430 2016-12-22 18 BLOOMBERG Bangkok THAILAND held its key interest rate near a record low for a 13th straight meeting, opting for stability as the prospect of higher US borrowing costs weighs on Asian currencies and clouds the outlook for growth. The Bank ofBLOOMBERG - 430 words
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565 2016-12-22 18 REUTERS Seoul SOUTH Korea on Wednesday issued an arrest warrant for a daughter of the woman at the centre of President Park Geun-hye’s corruption scandal and investigators raided the National Pension Service (NPS) over possible links to the scandal. A specialREUTERS - 565 words
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645 2016-12-22 19 Offenders operated cartels to influence Libor and Euribor benchmarks BLOOMBERG Geneva SWITZERLAND handed out about US$100 million in antitrust fines against seven United States and European banks for participating in cartels to manipulate widely used financial benchmarks. JPMorgan Chase Co was finedBLOOMBERG - 645 words
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Article, Illustration1349 2016-12-22 19 But the entrepreneurial spirit in the US territory lives on despite its descent into the largest municipal debt crisis in American history REUTERS Arecibo, Puerto Rico PRUDO Jimenez was born on a sugar farm here in 1941, when agriculture ruled Puerto Rico’sREUTERS - 1,349 words
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915 2016-12-22 19 Chinese investors to spend US$200m to raise three islands to create new port BLOOMBERG Manila AMONG the first to gain from Philippine President Rodrigo Duterte’s China pivot could be the people who live on rickety wooden stilt-houses in a waterlogged area of hisBLOOMBERG - 915 words
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Page 17 Advertisements
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Advertisement29 2016-12-22 17 u I think public stealing for the public good is perfectly right. There’s nothing wrong at all. Totally righteous.” Philip Yeo Now on sale at leading bookstores and www.stpressbooks.com.sg29 words
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Advertisement80 2016-12-22 17 mos tio NftL L ftRGE s V «> m>i s BOOKYOUR SPACE NOW! Reach out to parents ages 25 45 years old with children ages 3-12 years old at SmartKids Asia. Promote your brand, products and services at Asia's Largest Educational Kids' Fair, established since 2012! CONTACT US NOW! Mr80 words
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Advertisement33 2016-12-22 17 RAHANE'S A WINNER Batsman's loss of form is temporary, say his coaches SONAKSHI SINHA: It's a great time to take risks GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)33 words
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TRANSPORT
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Article, Illustration858 2016-12-22 20 in a settlement with US govt, the carmaker agrees to buy back or fix 80,000 diesel cars and also pay compensation NYTIMES New York VOLKSWAGEN agreed on Tuesday to buy back or fix the remaining diesel cars caught up in its emissions cheatingNYTIMES; PHOTO: AFP - 858 words
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Article, Illustration663 2016-12-22 20 AFP New York NEW YORKERS who ride one of the world’s busiest subways have been waiting for this moment for close to a century: three new stations will open in eastern Manhattan on Jan 1. The Second Avenue subway is the largestAFP; PHOTO: NYTIMES - 663 words
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366 2016-12-22 20 REUTERS New York AMERICAN Airlines Group on Tuesday won about US$15.3 million in an antitrust lawsuit that accused airline booking service Sabre Corp of harming competition and charging grossly inflated booking fees. The Manhattan federal jury awarded nearly US$5.1 million, a fraction ofREUTERS - 366 words
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821 2016-12-22 20 NYTIMES New York IN THE race to develop self-driving cars, Michigan is suddenly aiming to give Silicon Valley a run for its money. The Motor City has been the centre of the United States auto industry for more than a century. ButNYTIMES - 821 words
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Page 21 Advertisements
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Advertisement950 2016-12-22 21 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus950 words
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OPINION
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576 2016-12-22 22 EDITORIAL THE quality of a company is rarely, if ever, measured on a single metric. It is therefore unfortunate that the Singapore Exchange’s (SGX) minimum trading price amendment has merely replaced one single-facet test with another. SGX puts mainboard-listed companies576 words
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Article, Illustration1535 2016-12-22 22 Leon Hadar - A businessman, he would probably have to do what he does best negotiate and make a deal By Leon Hadar Washington SO I HAVE these two Best Friends (BFs) in Washington whom I really trust when it comes to politics and policy. Like me,PHOTO: AFP - 1,535 words
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839 2016-12-22 22 Joseph Incalcaterra - THE BOTTOM LINE By Joseph Incalcaterra T The writer is an economist at HSBC. THE year started with a bang for Asean. After eight years of preparation, leaders of the 10-nation regional association launched the ambitious Asean Economic Community (AEC), a treaty839 words
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773 2016-12-22 23 Lionel Lim - COMMENTARY By Lionel Lim T The writer is vice-president and managing director, Asia Pacific and Japan, Pivotal. LAST month’s inaugural Singapore FinTech Festival the first to be held in Asia and the world’s largest brought together some 11,000 participants from more than 50 countries. The financial-technology773 words
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704 2016-12-22 23 Kane Lightowler - By Kane Lightowler T The writer is managing director, the Asia-Pacific Japan, at Carbon Black. AT the inaugural Singapore International Cyber Week in October, Prime Minister Lee Hsien Loong outlined plans to strengthen cyber security in Singapore, as well as704 words
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448 2016-12-22 23 Michael Stürmer - By Michael Stürmer T The writer is chief correspondent of Die Welt, a former adviser to chancellor Helmut Kohl and a member of the Official Monetary and Financial Institutions Forum Advisory Board. OMFIF Berlin GERMANS, since time immemorial, have loved their trees. They loveOMFIF - 448 words
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Article, Illustration1358 2016-12-22 23 TAEHWA HONG - It is trying to profit from the delicate balance of power among the United States, Japan and China. BY TAEHWA HONG BY TAEHWA HONG T The writer is a student and Huffington Post blog writer from Seoul, South Korea. HisYALEGLOBAL ONLINE; PHOTO: AFP - 1,358 words
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LIFE & CULTURE
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Article, Illustration828 2016-12-22 24 Nation wants to increase medal haul at Asian and Olympic Games by modernising the old-fashioned sport AFP Pringsewu, Indonesia INSIDE a spartan weightlifting gym in Indonesia, teenagers chalk their hands, grit their teeth and thrust faded metal barbells above their heads, hopeful of OlympicAFP; PHOTOS: AFP - 828 words
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Article, Illustration1272 2016-12-22 24 NYTIMES New York OVER the past 15 years, the rising appeal of grower champagne, wine produced by small farmers who grow their own grapes, has transformed our notion of what the region’s wines can be. These farmers demonstrated that champagne could be asNYTIMES; PHOTOS: NYT - 1,272 words
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Page 24 Advertisements
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Advertisement31 2016-12-22 24 4Want access to BBQ pits? 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 9988.31 words
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Page 24 Miscellaneous
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Miscellaneous355 2016-12-22 24 CRYPTIC CROSSWORD Across 1 Gloomy American’s angry about graduate physician (6) 4 Solicitor’s unexpected approach? (4,4) 10 European country backed by money from Yorkshire eatery (9) 11 Female pinched by many in the air (5) 12 Leader of Tories with excuse for disloyalty (7) 13 Synthetic hair worn by mother355 words
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