The Business Times, 27 December 2016

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Total Pages: 24
1 24 The Business Times
  • 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 Tuesday, December 27, 2016
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  • Article, Illustration
    227 1 Malaysia’s benchmark FBMKLCI has finished in negative territory for two consecutive years and with only a few days to the year’s end, it looks likely to make it a hattrick. top stories 3 US stocks finished flat last week, stalling at Dow’s psychological barrier at 20,000. But there’s
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  • 1347 1  -  Analysts note that Singapore Reits have outdone the broader market and their defensive counterparts such as telcos and utilities in 2016 OUTLOOK 2017 By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BROKERAGES are flagging more volatility for the Singapore real estate investment trust (S-Reit) sector,
    Source: Bloomberg  -  1,347 words
  • 449 1  -  There were almost 50 per cent more passenger car certificates of entitlement or COEs in 2016, but demand kept COE premiums firm. One reason was the relaxation of vehicle financing rules early in the year. Another was the strong demand from replacement buyers and private-hire
    Source: Land Transport Authority  -  449 words
  • 21 1 Weekly Change STI CLOSED KL Comp CLOSED Nikkei 225 19,396.64 +5.04 Hang Seng CLOSED Shenzhen B 1,121.60 -8.49 Dow CLOSED
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  • Page 1 Advertisements
    • 58 1 "*****1 3000 1 1 THE BUSINESS TIMES 22 O "7 2 SKY-DWELLER OYSTEf PERPETUAL k superlaiVe chronometer OFFICf ALLY CERTIFIED a OYSTER PERPETUAL SKY-DWELLER IN I 8 CT WHITE GOLD ROLEX m EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: 6737 2896 WISMA ATRIA, #02-40/41-44. TEL:
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    • 14 1 EYE ON HONG KONG Analysts give cautious forecast after rough 2016 TOP STORIES 2
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    • 23 1 SYNERGRAPHIC Florence Ng’s 30-year glass act SME 24 FUTURE ECONOMY Digital disruption a friend, not a foe, to furniture industry TOP STORIES 4
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  • TOP STORIES
    • 1063 2  -  Hong Kong has been hit hard by global uncertainty, lagging retail sales and the slowdown of the Chinese economy OUTLOOK 2017: EYE ON HONG KONG By Hoe Pei Shan hpeishan@sph.com.sg @PeiShanBT Singapore HONG KONG’S economy looks to remain mired in global uncertainty
      Source: Hong Kong Census & Statistics Department; PHOTO: REUTERS  -  1,063 words
    • 1010 2  -  By Hoe Pei Shan hpeishan@sph.com.sg @PeiShanBT Singapore THE world’s least-affordable major city continues to be plagued by troubles in the residential property sector, with housing woes expected to take centrestage during the March 2017 chief executive election. Incumbent leader Leung Chun
      PHOTO: BLOOMBERG  -  1,010 words
    • 514 2  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SOME value investors in Singapore continue to spurn their home country’s stock exchange in pursuit of greener pastures in Hong Kong. The interest comes at a time when Hong Kong’s small-capitalisation stocks continue to fall. The MSCI Hong
      ST FILE PHOTO  -  514 words
    • 877 3  -  This year’s 11 IPOs which matched last year’s will raise just under RM600m; smaller issuers reward investors By Pauline Ng btworld@sph.com.sg Kuala Lumpur SUBSCRIBERS to newly listed animal health solutions provider Rhone Ma Holdings Bhd must have been ecstatic
      PHOTO: BLOOMBERG  -  877 words
    • 847 3  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks finished flat last week, stalling at the psychological barrier of Dow at 20,000 in a rare fulfilment of one of this column’s 2016 predictions. A mea culpa: prediction is
      PHOTO: AFP  -  847 words
    • 818 4  -  industry council looking to mobile and e-commerce, virtual and augmented reality, as well as 3D printing FUTURE ECONOMY By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore SINGAPORE Furniture Industries Council (SFIC) sees digital disruptions in the industry as more of a
      PHOTO: SFIC  -  818 words
    • 500 4  -  By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore FOR the first time, I experienced last week how it feels like to be immersed in a virtual home where the furniture I had seen on a screen turned into life. I was
      PHOTO: SAM WL  -  500 words

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  • Page 4 Advertisements
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  • COMPANIES & MARKETS
    • 1854 5  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying rose for the second straight week while sellers got back on track based on filings on the Singapore Exchange from Dec 19 to 23. A total of
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    • 64 6 STI Catalist WEEKLY Straits Times Index Dec 23, 2016 2,871.05 -66.81 (-2.27%) Current streak 5 days Week high 2,913.08 Week low 2,871.05 52-week high 2,956.13 (Dec 9, 2016) 52-week low 2,539.95 (Feb 12, 2016) FTSE ST Catalist index Dec 23,2016 436.40 0.00 (0.00%) Current streak 1 day Week high 436.40
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    • 78 6 BY CENTS CLOSE UP 52w high/low Hyflux 6% CPS 9445 45.0 0.5 *****/9100 DBXT iBoxxIDR US$ 1050 34.7 2.3 1136/977 DBXT S&P500 US$ 3950 18.8 0.3 3963/3126 DBXT Vietnam US$ 2183 13.0 0.4 2533/2017 IS ASIA HYG US$ 1069 11.6 0.8 1116/977 BY PERCENTAGE CLOSE UP 52w high/low China
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    • 78 6 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxUSTr US$ ***** -1725.0 -5.4 *****/***** DBXT Nifty US$ ***** -507.2 -2.9 *****/***** Lyxor Indonesia US$ 8020 -456.6 -3.8 9341/6795 DBXT MSAsExJp US$ 3266 -213.8 -4.3 3633/2772 DBXT China50 US$ 2910 -150.3 -3.5 3268/2355 BY PERCENTAGE CLOSE DOWN 52w high/low Hai Leck
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    • 85 6 VOL CLOSE($) CHANGE Pollux Prop 2,225.1 0.037 +0.006 +19.36 China Jishan 79.0 0.039 +0.009 +30.00 PS Group 20.0 0.140 +0.039 +38.61 YZJ Shipbldg RMB 0.1 3.920 -0.260 -6.22 Joyas Intl 7,400.0 0.005 +0.001 +25.00 MoneyMax Fin 70.0 0.163 +0.011 +7.24 Ying Li Intl 224,407.7 0.152 +0.007 +4.83 Isetan
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    • 666 6  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ONE of the more interesting bits of news last week, reported earlier in this column, was that according to US economics research firm Cornerstone Macro, the probability of the US equity indices posting a positive
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    • 303 6 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 225 -6 231/223 257 209 6.8 6312.2 CapitaCom Trust 145 -4.5 151.5/144 164 127 5.9 4297.1 CapitaLand 298 -4 303/297 340 280 11.9 3 *****.3 CapitaMall Trust 187 -3.5 192/187 225 187
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    • 36 6 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Dec 23,2016 700.71 -16.07 (-2.24%) Current streak 5 days Week high 710.95 Week low 700.71 52-week high 721.63 (Dec 9, 2016) 52-week low 629.34 (Feb 12, 2016)
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    • 34 6 STI MSCI EAFE WEEKLY MSCI EAFE Index Dec 23,2016 1,674.56 +5.96 (+0.36%) Current streak 3 days Week high 1,674.56 Week low 1,670.71 52-week high 1,716.74 (Sept 23, 2016) 52-week low 1,492.43 (Feb 12, 2016)
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    • 35 6 VOLUME Spackman 349,284,700 Noble 313,627,400 Ying Li Intl 233,199,100 Golden Agri-Res 153,096,400 Ezra 151,191,800 Market volume 7,579,000,000 VALUE DBS Grp 332,456,075 Singtel 331,364,470 UOB 205,797,399 OCBC Bank 156,270,432 CapitaLand 123,222,265 Market value 3,972,937,000
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    • 77 6 Dec 23 VALUE CLOSE BT OB/OS -560.00 -27.00 BT CADI -*****.00 -20.00 BT 10-day MA -*****.00 -56.00 FTSE ST Mid Cap 668.42 -3.63 FTSE ST Small Cap 374.69 -0.67 FTSE ST All Share 700.71 -2.68 FTSE ST China Top 157.55 -1.02 FTSE ST China 202.26 -1.50 FTSE
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    • 118 6 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 293 -5 2365 299/292 303/254 292/294 IS MS INDIA US$ US650 -21 571 669/646 772/441 650/652 81.3 Nikko AM STI ETF 299 cd -6 513 304/298 309/259 298/300 7.2 DBXT MSRussia US$ US245 -3
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    • 81 6 COMPANY MEETING PLACE DATE TIME Krisenergy Ltd E Clove Room (Lvl 5) 27-Dec 10.00am Novotel Clarke Quay S'pore 177A River Valley Road Pharmesis Intl E 5 Kallang Sector #03-02 27-Dec 10.30am Bowsprit Capital E Mandarin Ballroom I Level 6 28-Dec 2.00pm Main Tower Mandarin Orchard S'pore 333 Orchard
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 11 1 0 1 0 5 12 1 Manufacturing 45 66 20 12 26 9 57 92 29 Commerce 15 34 12 7 9 5 22 43 17 Tpt/Stor/Comms 8 17 6
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    • 125 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 59,026 1,743 60,769 207,175 265 207,440 Manufacturing 341,272 331,724 672,996 352,994 13,413 366,407 Commerce 478,201 103,895 582,096 274,110 1,227 275,337 Tpt/Stor/Comms 374,167 1,852 376,019 558,594 167 558,761 Finance 67,579 1,329 68,908 756,731 189 756,920 Construction
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    • 891 6 COMMODITIES XINHUA REUTERS Chicago CHICAGO Board of Trade (CBOT) grains futures settled slightly lower on Friday, extending losses in agricultural markets following quiet trade ahead of the Christmas holiday. The most active corn contract for March delivery fell 1.5 cents, or
      XINHUA; REUTERS  -  891 words
    • 390 7 CURRENCIES REUTERS Tokyo THE dollar dipped against the yen on Monday, edging lower down after US Treasury yields dipped on mixed economic data. Trading was subdued with many key markets shut on Monday for the Christmas holidays. The greenback
      REUTERS  -  390 words
    • FOREX RATES
      • 471 7 Dec 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.973 5.014 0.691 5.600 48.958 97.017 0.847 8.682 3.232 1.045 75.608 35.852 1.043 10.126 0.740 23.200 25.983 0.587 0.721 Canada 1.028 5.152
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      • 155 7 Dec 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0424 1.0432 0.7214 0.7215 Canadian dollar 1.0711 1.0721 0.7415 0.7413 Euro 1.5078 1.5094 1.0435 1.0439 NZ dollar 0.9974 0.9993 0.6903 0.6911 Sterling pound 1.7751 1.7767 1.2285 1.2288
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      • 22 7 Dec 23 S$ Bid Offer 1-month 1.4452 1.4463 2-months 1.4453 1.4466 3-months 1.4453 1.4468 6-months 1.4454 1.4472 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 349 7 Dec 26 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 9895.00 *****.00 9780.00 *****.00 *****0 *****5 Jan17 9932.50 *****.50 9820.00 *****.00 *****9 *****1 NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****3 Jun17 *****.00 0 359 MSCI TAIWAN INDEX FUTURES Dec16
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      • 204 7 Most active Dec 23 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.4 halt ***** 1 1 27 2.75 8 DBS MB eCW*****0 7.7 -2.8 ***** 0.1 1950 7 OCBC Bk MB eCW*****2 9.4 -1.8
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      • 377 7 In local curr In S$ In US$ dy yr dy yr dy yr Dec 23 Index Change Change Change Change Change Change World Preliminary 1373.2 0.0 7.5 -0.1 7.8 0.0 5.7 EAFE Preliminary 1038.8 0.0 2.5 0.0 -0.5 0.0 -2.4 Europe Preliminary 1463.8 0.1 3.6
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    • AGRI METALS ENERGY
      • 247 7 Dec-23 Price Net change change Last Trade Agricultural Dec-23 CBOT Soybeans (US cents/bu) 989.00 -5.50 -0.55% 13/01/2017 CBOT Soybean Oil (US cents/lb) 34.60 -0.19 -0.55% 13/01/2017 CBOT Wheat (US cents/bu) 393.50 -3.50 -0.88% 14/03/2017 Dec-23 LIFFE Cocoa (£/tonne) 1816.00 14.00 0.78% 16/03/2017 LIFFE Coffee (US$/tonne) 2103.00 27.00 1.30%
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    • BANK RATES
      • 154 7 Dec 23 $S Offer Bid 0vernight 0.03 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.05 US$ Offer Bid 7 days 0.90 0.80 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 12
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      • 67 7 Dec 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.47 104.46 104.45 5-Year N*****0Z 1.250 01-Oct-21 97.16 97.26 97.06 10-Year NX*****F 2.125 01-Jun-26 97.45 97.55 97.55 15-Year NZ*****F 2.875 01-Sep-30 102.04 20-Year NZ*****X 2.250 01-Aug-36 93.18 93.30 93.30
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    • 1052 8 world Wrestling Entertainment has started a new service live-streaming Chinese language matches NYTIMES Shanghai WANG Bin looked down. A man wearing a blue, skintight unitard writhed at his feet. Wang grinned. This was the moment he had been waiting for. So, too, had
      NYTIMES; PHOTO: NYT  -  1,052 words
    • 535 8 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop Securities do 1.466 28-Dec 30-Dec 17-Mar 22-Dec Avi-Tech Elect ak 1.000 13-Dec 15-Dec 29-Dec 12-Aug City Developments al 1.960 06-Dec 08-Dec 03-Jan 10-Nov CMNC Goldmine Hldgs aw 0.200 28-Dec 30-Dec 20-Jan 12-Dec DCM ADR 10US$ ae
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    • CORPORATE DIGEST
      • 182 8 SABANA Shari’ah Compliant industrial Real Estate Investment Trust (Reit) will lower the conversion price of its S$80 million principal amount of 4.5 per cent convertible sukuk due 2017 if a planned S$80.2 million rights issue is completed. The conversion price of the sukuk will be adjusted to S$0.8628
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      • 126 8 INTERNATIONAL Healthway Corp (IHC) has postponed an extraordinary general meeting by a month, to Jan 23, 2017 from Dec 28, 2016, after concluding that its previous announcement for the meeting had given shareholders insufficient notice. The postponement will delay a vote requisitioned by Oxley Holdings deputy chief
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    • 246 8 Dec 23 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • 1118 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.05 11.86 0.80 0.64 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.11 11.98 1.60 1.28 ARA Asset Mgt 1.25 1.25 2 0.09
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    • 1745 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Last Vol Week Div GrYld Net MCap 149 124.5 AIMSAMP Cap Reit 128 +1 1839 130 126.5 0.9 8.9 815.7 Low 172.5 101 ARA Asset Mgmt 168 -0.5 8785 169
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    • 356 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Week Div GrYld Net MCap HiBh 46.5 29.5 t Advancer Global 35 -1.5 271 36 35 13.9 60.6 Company Sale ('000) 19.9 8.3 t Anchor Resources 8.5 -0.3 2293
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    • 228 10 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1211 1061 CIMBASEAN40 S$D 1176 -1 0 1179 1176 vol 3268 2355 DBXT China50 US$ US2910 -104 29 2995 2904 8 116.2 97.5 DBXT MS SING US$ US109.6
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  • Page 5 Advertisements
    • 114 5 Relax. Your weekend is here. r?>«4| n < THE BUSINESS'®® -r. >J-~[ r ~~'7 L,-- X ~.C Now you can enjoy THE BUSINESS TIMES Weekend edition every Saturday at your doorstep. r H k!3 as V CL dreams fthd/CK Sc THE THAT Hf OVER US I III Subscribe now at
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  • Page 10 Advertisements
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  • REAL ESTATE
    • 1090 11 waste transfer stations affect daily life of communities; residents complain they can’t open their windows NYTIMES New York WHEN Diamond Torres was growing up in north Brooklyn four decades ago, drug dealers and prostitutes walked the streets at night and crime was
      NYTIMES; PHOTO: NYTIMES  -  1,090 words
    • 784 11 BLOOMBERG Seattle US PRESIDENT-ELECT Donald Trump might face a financial loss should he opt to sell his Washington hotel now, complicating the possibility of a clean break from the property, which has become a flash point for his conflicts
      BLOOMBERG  -  784 words
    • 164 11 REUTERS Beijing BEIJING, one of China’s hottest residential real estate markets, will step up property controls to keep home prices stable next year, the official Xinhua news agency reported on Sunday. Stoked by speculators, home prices in the capital are
      REUTERS  -  164 words
    • 513 11 BLOOMBERG New York PURCHASES of new US homes increased in November to the secondfastest pace in almost nine years as the beginning of a hike in mortgage rates persuaded buyers to quickly sign contracts. Sales rose 5.2 per cent
      BLOOMBERG; PHOTO: AFP  -  513 words
  • Page 11 Advertisements
    • 9 11 DB Platinum Crori Branchen Stars R1C-A 19/12/2016 257,07 EUR
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    • 85 11 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. mi W: www.smats.net E: smats@smats.net T:
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  • BANKING & FINANCE
    • 623 12 US$7.2b agreement over toxic sub-prime debt will not affect credit rating or ability to operate in the US, it adds BLOOMBERG London DEUTSCHE Bank AG moved to reassure employees of its financial strength after reaching a US$7.2 billion settlement with US
      BLOOMBERG; PHOTO: AFP  -  623 words
    • 998 12 BLOOMBERG New York WHEN the US was seeking a re-cord-breaking payment from JPMorgan Chase Co for the sale of toxic mortgage-backed securities three years ago, Jamie Dimon went to Washington to sit down with Eric Holder, then the attorney general. Mr
      BLOOMBERG; BT FILE PHOTO  -  998 words
    • 507 12 BLOOMBERG Shanghai CHINA’S roaring bond engine is stalling heading into the new year, posing a quandary for policymakers as they try to curb leverage while keeping economic growth on track. Bond issuance in December by Chinese companies and banks is 142
      BLOOMBERG  -  507 words
  • Page 12 Advertisements
    • 207 12 In Show Me the Money (Book 4), Teh Hooi Ling shares with us the strategies to beat the unpredictable markets and how we can apply and profit from the principles of compounding. The methods to identify potential signs of trouble from our daily news are mentioned. With the analysis of
      207 words
    • 29 12 Which Upcoming BTO should I buy? Upcoming BTO Launches BTO Pricing Forecast BTO news Past BTO Launches BTO Buying Guide SRX .com.sg Right Home. Right Price. m 0 srx.com.sg/hdb/BTO
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  • ENERGY & COMMODITIES
    • 657 13 AFP Ambanja, Madagascar A MASSIVE zebu cow lumbered out of the tropical forest in Ambanja in the north of Madagascar carrying a heavy cartful of cocoa pods destined to become some of the most expensive chocolate in the world. “These red ones here,
      AFP  -  657 words
    • 629 13 New 13-person company operating out of Washington, DC is hoping to reinvent market WP Washington WITH the exception of credit-card use and self-fuelling stations, the process of buying petrol has changed little since the days of Henry Ford. So with gas
      WP; PHOTO: BLOOMBERG  -  629 words
    • 452 13 BLOOMBERG New York IN the dying breaths of the year, the commodity price plunge claimed its latest victims as three energy companies outlined bankruptcy filing plans. Forbes Energy Services, Bonanza Creek Energy and Memorial Production Partners will use the US courts
      BLOOMBERG  -  452 words
  • Page 13 Advertisements
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  • TECHNOLOGY
    • 993 14 Big cloud companies may eventually control much of the US$1 trillion global market for business computers and software NYTIMES San Francisco JEFF Bezos of Amazon, along with a couple of his rivals, may eventually control much of the US$1 trillion global market for
      NYTIMES; PHOTO: BLOOMBERG  -  993 words
    • 874 14 REUTERS Allentown, Pennsylvania A CARGO plane emblazoned with “Prime Air” descended from an empty sky at Lehigh Valley International Airport on Tuesday, ninety minutes from the bustle of New York City, loaded with crates of goods during the peak holiday shopping
      REUTERS; PHOTO: REUTERS  -  874 words
    • 298 14 REUTERS London CALIFORNIA Attorney General Kamala Harris on Friday filed new criminal charges of pimping and money laundering against the chief executive and controlling shareholders of the website Backpage.com, reviving a case that was dismissed by a judge earlier this month. The new charges
      REUTERS  -  298 words
    • 523 14  -  By Hayley Tsukayama WP Washington CONSUMER Reports has some bad news for anyone who bought a MacBook Pro this holiday season: it’s not giving Apple’s new MacBook Pro laptops its seal of approval for the first
      WP  -  523 words
  • Page 14 Advertisements
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  • CONSUMER
    • 1020 15 Network has shown the ability to attract and keep viewers even after the US election BLOOMBERG Los Angeles FOX News, which survived an internal crisis and a challenge from CNN during the presidential campaign, is showing its resiliency post-election as well.
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,020 words
    • 866 15 REUTERS Shanghai WHEN her father’s lung cancer worsened, Yin Min, a 51-year-old financial broker from Shanghai, faced a choice: pay nearly US$3,000 a month for an approved drug or pay a fraction of the price for a generic drug not
      REUTERS  -  866 words
    • 990 15 NYTIMES New York NOT many Americans have heard of Spark Networks but far more are familiar with what it owns: JDate, ChristianMingle and a host of other sites like SilverSingles.com and BlackSingles.com. JDate, especially, would seem to be one of the success
      NYTIMES  -  990 words
  • Page 15 Advertisements
    • 39 15 How to raise an Olympic champion “Sometimes you have to make sacrifices, but we always tell him, ‘we will manage your aspirations, but you must manage your own expectations.’” Colin Schooling Now on sale at good bookshops or www.stpressbooks.com.sg
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  • TRANSPORT
    • 904 16 It tripled production capacity for lithium-ion car batteries in past year to meet demand REUTERS Ningde, China A DUSTY village on the outskirts of Ningde, a third-tier city in China’s south-east, seems an unlikely place for the headquarters of a potential global leader in future
      REUTERS; PHOTO: REUTERS  -  904 words
    • 897 16 REUTERS Seoul HEADED for a fourth straight annual profit decline, Hyundai Motor is trimming its cost fat; scaling back on busi-ness-class flights and annual family home trips for overseas employees, executives told Reuters. The South Korean automaker has been hit
      REUTERS; PHOTO: REUTERS  -  897 words
    • 1117 16 NYTIMES New York ADAM Pittenger, who has moved six times in six years, shares his home in Hoboken, New Jersey with his girlfriend and a roommate. With his frequent first-hand experience as a guide, he started a company this
      NYTIMES  -  1,117 words

  • GOVERNMENT & ECONOMY
    • 534 17 New rules could allow prosecutors to take on persistent offenders in northern China’s Hebei province REUTERS Shanghai CHINA’S courts will widen the range of offences that constitute “environmental crimes” to make it easier to take legal action against
      REUTERS; PHOTO: REUTERS  -  534 words
    • 318 17 FDI into country will total 785b yuan, adds commerce minister REUTERS Beijing CHINA’S non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan (S$233.29 billion) in 2016 and foreign direct investment (FDI) into China will total 785 billion yuan,
      REUTERS  -  318 words
    • 292 17 AFP Taipei TAIWAN’S Parliament on Monday passed the first draft of a controversial marriage equality bill, moving the island a step closer to becoming the first place in Asia to legalise same-sex nuptials. A legislative committee approved the amendment to the civil law
      AFP  -  292 words
    • 958 18 Unit adopts unique, strategic approach to interrogations that aids intelligence gathering REUTERS Jakarta AS the world battles a spike in assaults and plots by Islamist militants, Indonesia’s anti-terrorism unit is drawing praise for stemming a wave of bloody attacks
      REUTERS; PHOTO: REUTERS  -  958 words
    • 571 18 REUTERS Taipei A GROUP of Chinese warships led by the country’s sole aircraft carrier entered the top half of the South China Sea on Monday after passing south of Taiwan, the self-ruled island’s Defence Ministry said of what China has termed a
      REUTERS  -  571 words
    • 627 18 AFP Ligao, Philippines A POWERFUL typhoon left at least four people dead and eight missing as it crossed the Philippine archipelago on Monday, spoiling the Christmas holidays with strong winds, heavy rains and destructive flooding. Nock-Ten made landfall on the eastern
      AFP; PHOTO: REUTERS  -  627 words
    • 526 18  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN is building up the size of its military balance sheet on both the asset and liability sides as it expands arms sales to other countries, while at the same time the government
      526 words
    • 1138 19 London-based European Medicines Agency’s bid to relocate sends tremors through UK’s drug industry, raises public-safety concerns NYTIMES London WHEN it switched offices in London not long ago, the European Medicines Agency (EMA) signed a 25-year lease on a
      NYTIMES; PHOTO: NYTIMES  -  1,138 words
    • 366 19 REUTERS Bangkok THAILAND’S success in attracting huge numbers of tourists has put some infrastructure for handling the influx under pressure, an economist with the World Bank said on Monday. “Bottlenecks are building up in destinations like Chiang Mai, Bangkok and Phuket, while
      REUTERS; PHOTO: ST FILE  -  366 words
    • 354 19 AFP Banda Aceh, Indonesia THOUSANDS of Indonesians prayed for their loved ones at mass graves and mosques on Monday to mark a tsunami which devastated Aceh province 12 years ago today, one of the worst natural disasters in human history. Some 170,000
      AFP  -  354 words
    • 379 19 AFP Beijing CHINA signed an agreement to restore diplomatic relations with Sao Tome and Principe on Monday, just days after the small African nation announced it had cut ties with Taiwan. The move comes amid heightened tensions between Beijing and the inde-pendence-leaning government
      AFP  -  379 words
    • 329 19 BLOOMBERG Tokyo CHINESE universities and think-tanks are forming ties with Okinawan independence groups in a bid to divide public opinion in Japan, a Japanese government agency said in an annual report. By deepening ties with independence activists on
      BLOOMBERG  -  329 words
  • Page 17 Advertisements
    • 38 17 Current Affairs Special How Jobs and Skillsfor the Future should Singaporeans seize opportunities? Broadcast details 27 December 2016 9.30pm on StarHub TV E City CH111/825 10.00pm on zaobao.sg Supported by: Series sponsor: Chinese programme with English subtitles http://bit.ly/zb-it-matters
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  • Page 18 Advertisements
    • 38 18 Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988 Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • OPINION
    • 534 20 EDITORIAL POLITICIANS and pundits have speculated in recent days that US President-elect Donald Trump would reverse the process of deterioration in the Russo-American relationship when he enters office in January. Less attention has been focused on a more intriguing
      534 words
    • 808 20  -  TTTHE BOTTOM LINE By Paul Krugman NYTIMES Authoritarians with an animus against ethnic minorities are on the march across the Western world. They control governments in Hungary and Poland, and will soon take power in the United States. And they’re organising across
      NYTIMES  -  808 words
    • 1245 20  -  The most desperate migrants seek help from smugglers and attract global sympathy, posing a dilemma for governments. BY JOSEPH CHAM IE BY JOSEPH CHAMIE T The writer is an independent consulting demographer and a former director of the United Nations Population Division. YALEGLOBAL ONLINE New
      YALEGLOBAL ONLINE; PHOTO: AFP  -  1,245 words
    • 842 21  -  COMMENTARY By Andrew McConville T The writer is head of corporate affairs at Syngenta Asia Pacific AT the Responsible Business Forum held in Singapore last month, the call for businesses to step up to sustainable development was loud and clear. A common theme
      842 words
    • 584 21  -  COMMENTARY By Marios Maratheftis T The writer is chief economist at Standard Chartered BRACE yourselves: 2017 looks set to pan out very differently from previous years, with a veritable jungle of risks and opportunities lurking ahead. The election of Donald Trump as US
      584 words
    • 1335 21  -  The digital trend signals the start of a new dawn in the industry. BY MARK YONG T The writer is president of the Singapore Furniture Industries Council and chairman of SingaPlural, the anchor event of the Singapore Design week; he also recently launched the new “Smart
      PHOTO: THE EWINS HOME  -  1,335 words


  • Page 22 Advertisements
    • 1041 22 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 Columbus
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  • LIFE & CULTURE
    • 760 23 British pop star rose to fame with the band Wham! and sold more than 100m albums in his career AFP London BRITISH pop singer George Michael, who rose to fame with the band Wham! and sold more than 100 million albums in his career, has
      AFP; PHOTO: AFP  -  760 words
    • 1193 23 NYTIMES New York AS soothing as a video of a basket of baby sloths, and borne on a raft of lifestyle books, hygge is headed for your living room. Hygge (pronounced HOO-gah, like a football cheer in a Scandinavian accent) is the Danish word
      NYTIMES; PHOTO: NYTIMES  -  1,193 words
    • 700 23 OUTLOOK 2017 BLOOMBERG New York THE art market went on a roller-coaster ride in 2016. The year saw highs including auction records for artists Jean-Michel Basquiat and Claude Monet and lows such as a drop in auction sales in London and New York.
      BLOOMBERG  -  700 words
  • Page 23 Miscellaneous
    • 325 23 CRYPTIC CROSSWORD Across 1 Boycott? Ought to put in cooler! (4-8) 9 Manage love poetry before East is East (7) 10 Boat the French folk rock, Fifties-style (7) 11 Bank admits blunder getting part-timer in Services (7) 12 People admired those at the bottom of the table (7) 13 By
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  • SME
    • 1307 24  -  Glass artist Florence Ng’s firm has scaled the heights of producing works of art in the last three decades and is now revving up for greater challenges. BY NAVIN SREGANTAN BY NAVIN SREGANTAN navinsre@sph.com.sg @navinsreBT THE Partners Monument at Taipei 101 and the Orion at the
      PHOTO: CALVIN WONG  -  1,307 words
    • 1044 24  -  By Rajesh Subramaniam The writer is executive vice-president, Global Marketing and Communications at FedEx Services. CONSUMER behaviour and the way people shop are changing. Over the last several years, e-commerce has risen and there’s no longer a clear-cut distinction between
      PHOTO: AFP  -  1,044 words