The Business Times, 17 October 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL34119
Total Pages: 25
1 26 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 052/08/2016 Monday, October 17, 2016
    22 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    220 1 US stocks fell slightly last week after an unpleasant surprise in Chinese data and investors could be in for another volatile week, even if earnings reports continue to impress.TOP STORIES 2 Mainboard-listed SUTL Enterprise aims to continue growing the overseas footprint of its marina-related business, banking on rising
    220 words
  • Article
    Lock icon Singapore banks still hiring despite slowing economy
    957 1  -  DBS and Citi have combined 1,200 vacancies; but most banks seeking mainly compliance and IT staff By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore WHILE global banks are slashing Asia positions especially in investment banking banks operating in Singapore have thousands of vacancies, mainly
    957 words
  • Article
    Lock icon Singapore investors back to selling of Wall Street stocks
    691 1  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SINGAPORE-BASED investors were back to dumping stocks on Wall Street this year, while US investors were leaning towards buying on Singapore Exchange (SGX). After taking a breather from nine straight months of selling, switching
    691 words
  • Article
    Lock icon MARKETS
    26 1 Weekly Change STI 2,815.24 -60.00 KL COMP 1,658.97 -6.41 NIKKEI 225 16,856.37 -3.72 HANG SENG 23,233.31 -618.51 SHENZHEN B 1,185.3 4 -0.89 DOW 18,138.38 -102.11
    26 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      249 1 *****1 *****1 GLOBAL PUSHBACK How would a growing backlash against globalisation in the major economies affect your business? VIEWS FROM THE TOP 16 TUDOR BLACK BAY DARK Housed in a black PVD-coated stainless steel case, TUDOR in-house movement MT5602 offers a 70-hour power reserve and is certified by the Swiss
      249 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      24 1 TOPLINE Leveraging cutting-edge technology to sell furniture companies markets 6 INTERNATIONAL HEALTH INSURANCE Singapore market likely to stay in the pink TOP STORIES 4
      24 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon The news of 2056
      407 2  -  This is the final instalment of BT’s Top 40 series, which has featured the biggest stories from each of the 40 years that The Businesss Times has been in publication. Having gazed back into history, we now cast our sights in the other direction, and ask
      Data: Department of Statistics, Meteorological Service Singapore, Sharelnvestor.com; BT Graphics: Gareth Chung, Simon Ang, Angeline Ngiam, Sarah Chua  -  407 words
    • Article, Illustration
      Lock icon Investors may be in for another volatile week in the stock market
      943 2  -  Factors: Uneven earnings, growth data, presidential elections, Brexit, Fed’s rate decision WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks fell slightly last week after an unpleasant surprise in Chinese data, and investors could be in for another
      PHOTO: REUTERS  -  943 words
    • Article, Illustration
      Lock icon Singapore’s int’l health-insurance market likely to stay in the pink
      690 4  -  In next one to two years, Cigna’s Singapore CEO plans to grow business here by expanding its distribution channel By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE international health-insurance market in Singapore is expected to grow 15 per cent or more
      690 words
    • Article, Illustration
      Lock icon Inspired corporate giving, SME-style
      701 4 COMPANY OF GOOD Singapore IN 1970, Milton Friedman famously remarked: “There is one and only one social responsibility of business: to use its resources and engage in activities designed to increase its profits.” The famed American economist was opposed to the concept of businesses having a
      PHOTO:NVPC  -  701 words
    • Article, Illustration
      Lock icon Nerd-heavy JBA going strong in flood mapping business
      857 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IF there’s a competition to determine the highest density of brainy folks in a company, 400-strong flood mapping specialist JBA Group would be a serious contender. Simon Waller, managing director of JBA Risk Management part of
      857 words
    • Article
      Lock icon Foreign investors, consumers starting to take advantage of cheap sterling
      792 4  -  By Neil Behrmann btworld@sph.com.sg London IT’S EARLY days, but foreign investors and consumers are beginning to take advantage of cheap sterling. Despite forecasts of further steep falls by some investment bank currency analysts and economists, some business people believe that
      792 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      50 2 The Business Times has been there to report and analyse the most significant news since 1976. Every week, this feature will showcase excerpts from the biggest stories for each year that the paper has been in operation. The full text of all the stories can be found online at bt.sg/bt_40
      50 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      171 3 JAGUAR XJ NO ONE EVER SAYS “GO MEDIUM” i w 'M "i T i < i '-I -tr a -*a. > ft n«f 4C- •C 't*. J 'i. -^r 1 The XJ 2.0 Standard Wheelbase (SWB) lets you live large in luxury, and it’s evident in every detail. Like the
      171 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      446 5 A < RESIDENCE mmm, l mm *V'\ WP. ni ■I EM □I I ■151 □I ■I SI c r 1 m r 7f«25 c a> ?>• i c ■> C Bat K-B ■> Ah ■> h &M t —i II ill I ini rr i f;rtr :i k =Z5tf m
      446 words
Page thumbnail Page 6
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Leveraging ‘cutting-eage technology’ to sell furniture
      1081 6  -  Commune, a subsidiary of Singapore-listed furniture maker Koda, introduces virtual reality and 3D-planning services at its stores to drive sales. BY JACQUELYN CHEOK TOPLINE BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT COMMUNE may be in the business of selling furniture an essential and traditional industry but
      1,081 words
    • Article
      Lock icon The board’s duties in a takeover
      923 6  -  Any misstep could create a false market, or result in a director incurring personal liability or damage to his reputation. BY LEE KIM SHIN SID BOARDROOM SINGAPORE “I™" MATTERS BY LEE KIM SHIN T The writer is a member of the Governing Council of
      923 words
    • Article, Illustration
      Lock icon He sees big opportunities beyond the horizon
      795 7  -  Sensing growing demand from wealthy Asians for luxury leisure pursuits, gung-ho marina operator SUTL Enterprise is keen to grow its ONE15 brand on foreign shores By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MAINBOARD-listed SUTL Enterprise aims to continue growing the overseas footprint of its
      795 words
    • Article, Illustration
      Lock icon STI / Catalist WEEKLY
      64 10 STI Catalist WEEKLY Straits Times Index Oct 14 2016 2,815.24 -60.00 (-2.09%) Current streak 1 day Week high 2,870.24 Week low 2,805.48 52-week high 3,068.46 (Oct 23, 2015) 52-week low 2,539.95 (Feb 12,2016) FTSE ST Catalist index Oct 14,2016 461.56 +0.26 (+0.06%) Current streak 1 day Week high 463.50 Week
      64 words
    • Article
      Lock icon GAINERS
      82 10 BY CENTS CLOSE UP 52w high/low DBXT iBoxxIDR US$ 1136 45.8 3.0 1136/921 DBXT S&P Short US$ 1977 30.5 1.1 2362/1930 DBS Bk 4.7% NCPS ***** 30.0 0.3 *****/***** IS ASIA HYG S$D 1525 26.0 1.7 1525/1407 IS ASIA BND S$D 1524 23.0 1.5 1524/1435 BY PERCENTAGE CLOSE UP
      82 words
    • Article
      Lock icon LOSERS
      78 10 BY CENTS CLOSE DOWN 52w high/low Lyxor ThaiSET US$ ***** -791.6 -4.6 *****/9646 DBXT MSKorea US$ 5637 -379.8 -4.6 6041/4629 DBXT Nifty50 ETF10 ***** -359.1 -1.9 *****/***** Hyflux 6% CPS 9445 -303.0 -3.1 *****/9200 SPDR S&P500 US$ ***** -271.7 -0.9 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low LifeBrandz 0.1
      78 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      80 10 VOL CLOSE($) CHANGE Blumont 48,383.2 0.003 +0.002 +200.00 Polaris 47,850.5 0.007 +0.003 +75.00 Swee Hong 51,644.8 0.014 +0.009 +180.00 HuanHsin 40.2 0.012 +0.009 +300.00 MS Hldgs 27.8 0.130 +0.050 +62.50 China Med Intl 103,100.5 0.011 +0.002 +22.22 TT Intl 41,357.4 0.048 +0.007 +17.07 MDR 34,231.7 0.004 +0.001 +33.33
      80 words
    • Article, Illustration
      Lock icon Thursday’s US debate focal point of week ahead
      611 10  -  TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT IT is three weeks before Americans elect a new president on Nov 8 and until the outcome is known, it’s unlikely that traders and investors in stocks will take on big bets either way. The reason
      611 words
    • Article
      Lock icon STI STOCKS
      302 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 -6 250/239 257 209 6.3 6725.7 CapitaCom Trust 157 -1.5 159/152 164 127 5.5 4651.2 CapitaLand 310 -5 318/307 340 280 12.4 2.9 *****.2 CapitaMall Trust 211 -2 214/206 225 185
      302 words
    • Article
      Lock icon MOST ACTIVE
      34 10 VOLUME Noble 1,535,138,100 SunMoon Food 535,148,400 HLH Grp 406,713,800 Spackman 389,266,800 Ezra 321,280,000 Market volume 13,074,132,000 VALUE Singtel 517,735,571 UOB 322,851,522 Noble 285,504,289 DBS Grp 282,410,984 OCBC Bank 253,096,877 Market value 5,452,734,000
      34 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 10 Oct 14 VALUE CLOSE BT OB/OS 1.00 +218.00 BT CADI -*****.00 +108.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 692.69 +5.19 FTSE ST Small Cap 386.65 +3.80 FTSE ST All Share 696.20 +3.43 FTSE ST China Top 157.73 +1.24 FTSE ST China 193.62 +1.10 FTSE ST
      76 words
    • Article
      Lock icon SGX ETFs Most Active
      107 10 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 287 -6 2624 292/283 314/254 286/287 IS MS INDIA US$ US725 -26 644 742/722 772/575 722/725 90.6 CIMBASEAN40 US$ US840 -34 458 870/840 905/736 847/860 131.7 DBXT MSPHILS US$ US196.8 -6.7 365 203/194.2 222.5/158.5
      107 words
    • Article
      Lock icon COMPANY MEETINGS
      126 10 COMPANY MEETING PLACE DATE TIME CH Offshore A 7 Shenton Way Singapore Conference Hall 17-Oct 2.30pm Novo Group Ltd A Meeting Room 832 Main Tower (Lvl 8) Meritus Mandarin S'pore 333 Orchard Road 17-Oct 9.30am Vallianz Hldgs E 12 Int'l Business Park #03-02 17-Oct 10.00am China Great Land
      126 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share WEEKLY
      36 10 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Oct 14,2016 696.20 -12.42 (-1.75%) Current streak 1 day Week high 708.27 Week low 692.77 52-week high 739.01 (Oct 23, 2015) 52-week low 629.34 (Feb 12, 2016)
      36 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE WEEKLY
      34 10 STI MSCI EAFE WEEKLY MSCI EAFE Index Oct 14,2016 1,664.72 -23.68 (-1.40%) Current streak 1 day Week high 1,693.31 Week low 1,654.37 52-week high 1,777.37 (Oct 23, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      34 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 4 0 1 0 4 10 4 Manufacturing 51 60 22 14 15 13 65 75 35 Commerce 25 30 8 8 9 2 33 39 10 Tpt/Stor/Comms 14 17 6
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 76,999 567 77,566 245,863 92 245,955 Manufacturing 891,153 796,334 1,687,487 562,740 22,076 584,816 Commerce 2,341,317 393,478 2,734,795 694,991 4,776 699,767 Tpt/Stor/Comms 737,022 4,471 741,493 866,564 406 866,970 Finance 118,748 555 119,303 939,262 82 939,344 Construction
      125 words
    • Article
      Lock icon Oil prices dip on stronger US$, rig count rise
      410 10 COMMODITIES REUTERS New York OIL prices fell slightly on Friday as traders balanced a stronger US dollar and another increase in the US oil rig count against expectations that more Opec talk of output cuts will keep crude above US$50 per
      REUTERS  -  410 words
    • Article
      Lock icon PRIME LENDING RATES
      238 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia ...5.75 Bank
      238 words
    • Article
      Lock icon US$ rises as data backs December rate hike view
      379 11 CURRENCIES REUTERS New York THE US dollar on Friday posted its best weekly performance in more than seven months after strong US retail sales and producer prices data for September reinforced expectations that the Federal Reserve would raise interest rates in
      REUTERS  -  379 words
    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        387 11 Oct 14 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9647.50 9752.50 9635.00 9740.00 *****6 *****7 Nov16 9672.50 9762.50 9650.00 9752.50 5658 4771 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar17 *****.00 *****.00 *****.00 *****.00 179 2643 MSCI TAIWAN
        387 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        212 11 Most active Oct 14 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.1 unch *****0 1 1 83 6.00 10 Charisma EnergyServicesW*****3 0.2 0.1 ***** 1 3 1 Asia-Pacific Strategic W*****9 0.2 0.1 ***** 1
        212 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 14 Index Change Change Change Change Change Change World Preliminary 1298.4 0.4 1.6 0.6 -0.1 0.4 2.0 EAFE Preliminary 978.5 0.8 -3.4 0.8 -5.0 0.6 -3.0 Europe Preliminary 1405.4 1.2 -0.5
        377 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Oct 14 $S Offer Bid 0vernight 0.03 Par 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: N.A. US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
        154 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        67 11 Oct 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.77 105.79 105.79 5-Year N*****0Z 1.250 01-Oct-21 99.41 99.48 99.41 10-Year NX*****F 2.125 01-Jun-26 102.09 102.30 102.30 15-Year NZ*****F 2.875 01-Sep-30 108.19 108.42 108.25 20-Year NZ*****X 2.250 01-Aug-36 99.8
        67 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        246 11 Oct-13 Price Net change change Last Trade Agricultural Oct-13 CBOT Soybeans (US cents/bu) 956.25 10.75 1.14% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.16 0.02 0.06% 14/10/2016 CBOT Wheat (US cents/bu) 416.00 19.25 4.85% 14/12/2016 Oct-13 LIFFE Cocoa (£/tonne) 2251.00 19.00 0.85% 13/12/2016 LIFFE Coffee (US$/tonne) 2037.00 -1.00 -0.05%
        246 words
    • Article
      Lock icon Buying falls for third week, selling rises sharply
      2133 12  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying fell for the third straight week while the selling among directors surged, according to filings on the Singapore Exchange in the second week of October. Buyers
      2,133 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      886 12 Payment Ex Rec Pay Annj (cts) date date date date Aims Property Sec Fund do 2.144 28-Sep 30-Sep 16-Dec 26-Sep Avi-Tech Elect ak 1.000 13-Dec 15-Dec 29-Dec 12-Aug Chasen Hldgs Ltd ak 0.050 04-Oct 06-Oct 28-Oct 28-Sep Chuan Hup Hldgs Ltd ak 1.000 02-Nov 04-Nov 18-Nov 26-Sep CIMB
      886 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1143 12 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 0.06 10.19 0.88 0.66 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 12.94 1.62 1.40 ARA Asset Mgt 1.25 1.25 2 0.08
      1,143 words
    • Article
      Lock icon SGX MAINBOARD
      1838 13 Week Ended: Oct 14 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Last Vol Week Div GrYld Net 149 127 AIMSAMP Cap Reit 140 -2 1240 142 139 0.9 8.1 892.2 High 144 101 ARA Asset Mgmt 131.5
      1,838 words
    • Article
      Lock icon SGX CATALIST
      430 13 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High week 0.6 0.1 t Advanced Systems 0.3 -0.1 2654 0.4 0.2 7.9 46.5 29.5 t Advancer Global 40 -1 2094 41.5 38.5 15.9 69.3 C'vr
      430 words
    • Article
      Lock icon SGX ETF
      189 13 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 84.2 69.1 CIMB APAC Div US$ US81.3xd -0.3 5 81.3 81.3 8.5 1210 1061 CIMBASEAN40 S$D 1165 -37 5 1190 1156 905 736 CIMBASEAN40 US$ US840 -34 458 870
      189 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      497 6 Building a better working world Employee remuneration reporting seminar 2016 Updates on new tax changes and tax reporting requirements of Form IR8A and Form IR21 Friday, 18 November 2016, 9:00 a.m. 5:00 p.m. Carlton Hotel Singapore, Empress Ballroom 5, Level 2 i All employers in Singapore have an obligation to
      497 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      66 7 Find your escape Catch the surf in one of the world’s largest wave pools at our adventure water park. Tee off at The Els Club Desaru Coast, crafted with precision by the hand of four time major champion and former World No.l, Ernie Els. Stay and explore our globally renowned
      66 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      9 7 DB Platinum Crod Branchen Stars R1C-A 07/10/2016 236,00 EUR
      9 words
Page thumbnail Page 8 / 9
  • Page 8 / 9 Advertisements
    • Advertisement
      Lock icon Page 8 / 9 Advertisements Column 1
      547 8 / 9 SINGAPORE PRESS HOLDINGS LIMITED INCORPORATED IN SINGAPORE. CO. REG. NO. *****2868E SPH reports Full Year Net Profit of $265.3 million Group operating revenue of $1,124.3 million was $52.7 million (4.5%) lower compared to FY2015. Revenue for the Media business declined $68.3 million (7.6%) to $834.2 million, as advertisement and circulation
      547 words
    • Advertisement
      Lock icon Page 8 / 9 Advertisements Column 2
      398 8 / 9 Audited Results for the Year ended August 31, 2016 (Extract) Operating Profit Operating Revenue Final Proposed Interim Paid Total Dividend $1.1B $305M 18 cents 11 cents 7 cents Group Financial Highlights 2016 $’000 2015 $’000 Change Operating revenue 1,124,349 1,177,080 (4.5) Earnings per share 0.16 0.20 Operating profit# 305,169 353,500
      398 words
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      71 13 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
Page thumbnail Page 14
Page thumbnail Page 15
  • REAL ESTATE
    • Article
      Lock icon Portugal to tax real estate fortunes to help fund pensions
      529 15 Draft budget for 2017 calls for 0.3% levy to be applied on amount above 600,000 euros that is owned by a taxpayer AFP Lisbon PORTUGAL will introduce a tax on real estate fortunes above 600,000 euros (S$915,200) in 2017 to
      AFP  -  529 words
    • Article
      Lock icon Curbs by regulators raise risks of China builder debt
      436 15 BLOOMBERG Beijing CHINA’S developers are reeling from a double blow of cooling measures on home sales and curbs on their access to the bond market. At least 21 cities have introduced purchase restrictions and toughened mortgage lending limits since late September,
      BLOOMBERG  -  436 words
    • Article, Illustration
      Lock icon Celebrating the future of construction
      685 15 16 events lined up for the upcoming Singapore Construction Productivity Week (SCPW) ADVERTORIAL VIRTUAL and augmented reality, robotics and materials that can withstand harsh elements may be associated with science fiction novels but a mega built environment industry event aims to show that these technologies
      685 words
    • Article, Illustration
      Lock icon Canada housing sales show signs of rebound amid stricter measures
      394 15 BLOOMBERG Ottawa CANADA’S housing market showed signs of a rebound in the month before Finance Minister Bill Morneau unveiled broad new measures designed to mitigate the risk of a major correction. National home sales rose 0.8 per cent in September
      BLOOMBERG; PHOTO: REUTERS  -  394 words
Page thumbnail Page 16
  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon A global pushback
      3131 16 THIS WEEK’S TOPIC: What would be the impact on business of a growing backlash against globalisation in the major economies? How should policymakers respond? Mark Billington Regional Director ICAEW South East Asia GLOBALISATION has delivered increased prosperity and reduced poverty worldwide. However, it is often made a
      PHOTO: FREEIMAGES  -  3,131 words
Page thumbnail Page 17
  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The cars and chemicals in the DAX
      1976 17  -  Germany, the economic powerhouse of Europe, has many high-quality industrial and engineering firms MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT A FEW months ago, right after the Brits voted to leave the European Union, this column introduced the UK’s FTSE 100 Index. In
      PHOTO: REUTERS  -  1,976 words
    • Article, Illustration
      Lock icon For European stocks, dividends found in telcos, insurers, oil
      379 17  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore IN Europe, dividends are best sought in telcos, insurers and oil companies, said Jorg de Vries-Hip-pen, an Allianz Global Investors (AGI) fund manager who co-man-ages a 3.5 billion euro (S$5.4 billion) European equity dividend fund.
      379 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      113 17 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
      113 words
Page thumbnail Page 18
  • BANKING & FINANCE
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      1199 18 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 v
      1,199 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      363 18 FORM 69 (3) (Rule 91 and 101(1)) NOTICE OF INTENDED DIVIDEND IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BITUTANK PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****4338M Name of Company Bitutank Pte
      363 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 3
      236 18 GULF PACIFIC SHIPPING LIMITED (IN CREDITORS’ VOLUNTARY LIQUIDATION) (THE “COMPANY”) On 11 May 2016, the sole shareholder of the Company passed a special resolution for the voluntary winding-up of the Company and appointed Wong Teck Meng and Stephen Briscoe, all care of Briscoe Wong Advisory Limited, 602 The Chinese Bank
      236 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 4
      359 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AB1 SHIPPING PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****0909M) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
      359 words
Page thumbnail Page 19
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Mega-merger poses challenge to China state-run oil giants
      676 19 Prospective Sinochem-ChemChina tie-up will create the largest oil refiner behind Sinopec and CNPC BLOOMBERG Singapore A MERGER of Sinochem Group and China National Chemical Corp (ChemChina) would create a new oil-refining challenger to established state-run behemoths that dominate the country’s fuel-making business.
      BLOOMBERG; PHOTO: REUTERS  -  676 words
    • Article
      Lock icon Big Oil experimenting with technology to lower costs
      717 19 BLOOMBERG Oslo OIL majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive down costs and weather a deep downturn. Crude prices have more than halved since mid-2014, forcing companies to
      BLOOMBERG  -  717 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      236 19 BuildTech Asia 2016 International Building Technology Expo mmmrimBinmQi CONSTRUCTION A part of HI SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2016 18-20 October ***** Singapore EXPO Hall 3 and MAX Atria 10am-6pm (18-19 Oct) 110am-5pm (20 Oct) ft 'i Oi 9 A c. Cl a* c CD if* 'rZJ I C Qs2 <5*
      236 words
Page thumbnail Page 20
  • TECHNOLOGY
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      70 20 SINGAPORE EXPO HALLS 4 5!29 30 OCT 2016 10AM TO 8PM!FREE ADMISSION The best time to buy a car. With all the great offers from all your favourite brands, you don’t need any more excuses. AUDI•BMW•CHEVROLET•CITROEN•FORD•HYUNDAI•INFINITI•JAGUAR•KIA•LAND ROVER•MAZDA•MITSUBISHI•NISSAN•OPEL•PEUGEOT•RENAULT•SSANGYONG•SUBARU•SUZUKI•TOYOTA•VOLKSWAGEN•VOLVO Find new cars, pre-owned cars and accessories at Singapore’s largest car show. Details
      70 words
Page thumbnail Page 21
  • CONSUMER
    • Article, Illustration
      Lock icon Global poultry producers eye South Korea market
      815 21 imports are set to rise as the country lifts bans on overseas suppliers attracted by low per capita consumption rates REUTERS Seoul DON’T count your chickens before they hatch. Global poultry producers hoping to cash in on South Korea’s craze for fried chicken
      REUTERS; PHOTO: REUTERS  -  815 words
    • Article
      Lock icon Higher sales, happier staff after Walmart pays staff more
      1087 21 NYTIMES Bentonville, Arkansas A COUPLE of years ago, Walmart, which once built its entire branding around a big yellow smiley face, was creating more than its share of frowns. Shoppers were fed up. They complained of dirty bathrooms, empty shelves, endless
      NYTIMES  -  1,087 words
    • Article
      Lock icon Gluten-free products going strong with US sales up 11%
      527 21 BLOOMBERG New York GLUTEN-FREE is going strong. Only one per cent of the US population has been diagnosed with celiac disease, yet gluten-free products are still filling up and flying off grocery store shelves. US sales reached US$1.57 billion last year,
      BLOOMBERG  -  527 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      13 21 Q zaobacf ASIHqJSSiS? How do Americans vote for their president? 5^ n bit.ly/ZB_USPresident
      13 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      69 21 REDEEM A FREE TRIAL NOW! http://notice.shareinvestor.com/webpro2016 *Free trial is applicable to new subscribers only. For more enquiries, please contact Tel: (65) 6517 8777 Email: accounts@shareinvestor.com All forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. Past
      69 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 3
      31 21 r <3 i k" w Evvi! r iSL *w Celebrate Good Times, Come On! SALE X-Value™ of your home A $961,000 ($866 psf) Up by $8,000 (0.84%) over last quarter SRX.com.sg/property-tracker
      31 words
Page thumbnail Page 22
  • GOVERNMENT & ECONOMY
    • Article
      Lock icon After initial scare, all eyes now on ECB’s stimulus plans
      657 22 Analysts to look for clues about what the bank will do with its monthly 80b euro asset-buying scheme AFP Frankfurt EUROPEAN Central Bank (ECB) chief Mario Draghi will be under pressure this week to clarify the bank’s stimulus plans after
      AFP  -  657 words
    • Article
      Lock icon Britain PM May heads to India with eye on post-Brexit trade
      297 22 REUTERS London BRITISH Prime Minister Theresa May will lead a delegation of small and me-dium-size businesses to India in November as part of efforts to bolster trade with countries outside the European Union as Britain prepares to leave the
      REUTERS  -  297 words
    • Article, Illustration
      Lock icon Independence will happen, says Scotland’s separatist leader
      513 22 AFP Glasgow SEPARATIST leader Nicola Sturgeon on Saturday said her belief that Scotland will become independent was stronger than ever as she confirmed preparations for a second referendum for leaving Britain. The Scottish National Party (SNP) leader, first minister of the semi-autonomous Scottish
      AFP  -  513 words
    • Article, Illustration
      Lock icon Xi warns of globalisation backlash at BRICS summit
      770 23 Modi’s peers in BRICS hold off from signing on to his fierce condemnation of India’s arch-rival Pakistan AFP Benaulim, India CHINESE President Xi Jinping said on Sunday a rising tide of protectionism and anti-globalisation was endangering the world economy’s still fragile recovery
      AFP; PHOTO: AFP  -  770 words
    • Article, Illustration
      Lock icon Threat of new arms race looming – in space
      725 23 Threat of new arms race looming in space AFP Washington KILLER satellites, blinding lasers, sophisticated jammers: the world’s military powers are quietly readying for a war in outer space at the risk of fuelling a dangerous new arms race. US military officials have in recent years sounded growing alarm about
      AFP; PHOTO: AFP  -  725 words
    • Article
      Lock icon No bartering away territory, economic rights to China: Duterte
      488 23 AFP Davao, Philippines PHILIPPINE President Rodrigo Duterte vowed on Sunday that he will not “barter” away territory and economic rights ahead of a visit to Beijing, where he hopes to mend ties frayed by a row over the South China Sea.
      AFP  -  488 words
    • Article
      Lock icon Japan withholding Unesco aid over Nanjing Massacre documents
      647 23  -  By Anthony Rowley btworld@sph.com.sg Tokyo WHAT some see as the yen increasing “politicisation” of Japanese foreign aid has been highlighted by the announcement that Tokyo is withholding financial contributions to United Nations Educational, Scientific and Cultural Organization (Unesco) over issues connected with
      647 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      732 22 A special feature brought to you by STJOBS LEARNING KNOCKOUT NETWORKING In today’s business world, networking is more important than ever. Change and uncertainty are the norm with some experts predicting that someone entering the workforce today will have at least twenty changes in their jobs. Many of the changes
      732 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      392 23 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF GOLDEN CAPE INVESTMENTS LTD (COMPANY NO.: *****2873R) (IN MEMBER’S VOLUNTARY LIQUIDATION) An Extraordinary General Meeting of the member of Golden Cape Investments Ltd was deemed to have been duly convened and held
      392 words
Page thumbnail Page 24
  • TRANSPORT
    • Article, Illustration
      Lock icon US expands airline curbs on Samsung Note 7
      1035 24 Air passengers face fines and confiscation of the device if they try to sidestep restriction on the hazardous new smartphone model BLOOMBERG Dallas AIRLINE passengers who try to carry Samsung Electronics Co Note 7 smartphones on flights will have them confiscated and
      BLOOMBERG; PHOTO: AFP  -  1,035 words
    • Article, Illustration
      Lock icon India conglomerate Mahindra open to reducing stakes in units
      505 24 BLOOMBERG Mumbai MAHINDRA Group, the US$18 billion conglomerate with businesses from India’s largest SUV (sport utility vehicle) maker to financial services and farm equipment, is prepared to pare stakes in its publicly traded units to facilitate fundraising by the companies. The
      BLOOMBERG; PHOTO: BLOOMBERG  -  505 words
    • Article, Illustration
      Lock icon Self-driving cars: Best thing to happen to motorbikes
      798 24 WP Washington SELF-DRIVING technology promises to pretty much transform the auto industry as we know it. It may also change the business of selling motorcycles but in a very different way. It all comes down to safety, according to Karl Viktor Schaller,
      WP; PHOTO: AFP  -  798 words
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      28 24 BOOK YOUR SPACE NOW! 17-20 NOV 2016 SUNTEC SINGAPORE HALLS 404 406 12-9PM DAILY >>>SELL YOUR>>> TECH PRODUCTS SERVICES Organised by: Call6747 4620 or Email to sales@exhibitsinc.com.sg fb.com/ComexITShow
      28 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      51 24 Stroke by stroke, faster than his fear, he took the lead, leaving everyone else in the rear. During competitions, at “On your marks”, he dived in, imagining his rivals as sharks. COMING SOON Dip into Joseph Schooling’s story for big and little kids. On sale at all major bookstores and
      51 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      2015 25 THE BUSINESS TIMES M SHIPPING TIMES C a i l a n ~E n n o B r i s b a n e r e J e d d a h Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o
      2,015 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 2
      244 25 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 258 TTS040 17/10/2016 18/10/2016 Tebing Tinggi/Jambi DAILY Marco Polo 158 BST253 18/10/2016 19/10/2016 Pekanbaru/Buatan DAILY Marco
      244 words
Page thumbnail Page 26
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Thais unite in monochrome to mourn their revered king
      651 26 Symbols play a big role in Thailand and the people often expressed their devotion to the king with colours AFP Bangkok ON HIS birthday, Thais wore yellow; when he got sick, they put on pink; and now that King Bhumibol Adulyadej
      AFP; PHOTO: AFP  -  651 words
    • Article, Illustration
      Lock icon K-pop idols take acts into the army
      1398 26 NYTIMES Gyeryong, South Korea THE audience applauded politely as the honour guard twirled its rifles, and oohed and ahhed at the acrobatic taekwondo demonstration. But the real excitement began when the army band appeared. The big draw: Jung Yun-ho, a soldier otherwise known
      NYTIMES; PHOTO: NYTIMES  -  1,398 words
    • Article
      Lock icon Health effects of Pokemon Go fading: report
      601 26 WP Washington RICH Bell literally made headlines when he started playing Pokemon Go. In a single month, the 29-year-old guessed, he lost 10 pounds (4.5 kg) chasing Zubats and Spearows. In the weeks since, however, Mr Bell has stopped playing like many other
      WP  -  601 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      335 26 CRYPTIC CROSSWORD Across 7 More than one wild animal in river by vessel delights (14) 9 Sober and at ease, consuming water (10) 11 Quiet time to get something to read? (4) 12 What fuels boiler? (3) 13 What you see in cycle velodrome at different heights (5-5) 16 Girl,
      335 words