The Business Times, 26 October 2016

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Total Pages: 30
1 30 The Business Times
  • 22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Wednesday, October 26, 2016
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  • Article, Illustration
    238 1 A forum on Tuesday on the future of jobs threw up at least two takeaways: one the fear that fast-changing technology is killing jobs is overblown; the other where jobs are most at risk, there is a big shortage of skills. TOP STORIES 2 Singapore has completed the
    238 words
  • 749 1  -  But economists deem monetary policy too blunt a tool to tighten slack; govt policies and workers should do that job instead, they say MAS MACRO-ECONOMIC REVIEW By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE’S current labour market is invoking memories of
    Source: Monetary Authority of Singapore  -  749 words
  • 712 1  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SINGAPORE’S biggest suburban shopping centre, Jurong Point, has been put up for sale with a price tag exceeding S$2 billion. This works out to more than S$3,000 per square foot based on the commercial
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  • 27 1 Tuesday Change STI 2,854.05 -2.63 KL COMP 1,677.43 -0.33 NIKKEI 225 17,365.25 +130.83 HANG SENG 23,565.11 -38.97 SHENZHEN B 1,183.01 +2.78 DOW (11:45 EDT) 18,180.43 -42.60
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  • Page 1 Advertisements
    • 128 1 *****1 *****1 THE BUSINESS TIMES of the art 1 25; 33.141 33.106 6.001. 40 fr M r our cutting-edge trading platform Fully customisable to suit your trading style, our platform has fast execution and reliability at its core. Couple that with powerful trading tools, advanced charting including over 80 technical
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    • 11 1 AMERICAN ELECTIONS Can Trump do a ‘Dewey defeats Truman’? OPINION 26
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    • 28 1 HOCK LOCK SIEW Ascott Residence Trust offers untapped potential companies markets 7 SPECIAL FEATURE Learning for a new age; getting the right skills prestige postgrad 2016 21 25
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    • 30 1 Automation also leaves skilled jobs unfilled: DPM Tharman, Page 2 MAS seen keeping policy stance, for now, Page 2 MAS: S’pore well-placed to seek out new growth engines, Page 2
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  • TOP STORIES
    • 653 2  -  The focus so far has been on jobs lost to machines, he says, but existing and newly created jobs still need takers By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore A forum on Tuesday on the future of jobs threw up at
      FILE PHOTO  -  653 words
    • 625 2  -  MAS MACRO-ECONOMIC REVIEW By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore DESPITE or because of fundamental changes to trade and business activities worldwide, the Singapore economy is well-placed to pounce on fresh opportunities, said the Monetary Authority of Singapore (MAS) on Tuesday. Even
      Source: Monetary Authority of Singapore  -  625 words
    • 497 2  -  By Soon weilun soonwl@sph.com.sg @SoonWeilunBT Singapore DESPITE disappointing third-quarter growth data, economists said that Singapore’s central bank seemed poised on keeping its policy stance, for now. Rather than reacting to quarterly data, the Monetary Authority of Singapore (MAS) is seen letting the effect
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    • 431 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WHEN a government decides to promote entrepreneurship, it should also incorporate policies to mitigate the possibility of increasing income inequality, said a National University of Singapore (NUS) research paper released on Tuesday. This is especially since
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    • 1090 4  -  Solar panel systems being tested, first microgrid deployed; S’pore eyes leadership role in renewable-energy space RENEWABLE ENERGY By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE has completed the first stages of its renewable-energy test beds as it continues to develop clean-technology know-how that can
      Source: Seris, Erion, EDB; Photos: ST  -  1,090 words
    • 686 4  -  These will be in the form of grid integration and energy storage, says IEA By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore EVEN as the International Energy Agency (IEA) raised its forecast for renewable energy capacity growth for the next five years, it warned that the
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    • 430 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE Ministry of Health (MOH) is reviewing Singapore’s key legislation for all healthcare services here to keep pace with rapid advances in medicine and health technology, new and changing modalities of services, as well as
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    • 861 4 TATA TURMOIL REUTERS BLOOMBERG Mumbai TATA SONS’ shock move to oust Cyrus Mistry and his core team of advisers and bring back Ratan Tata as chairman of the salt-to-software conglomerate could lead to delays in the
      REUTERS; BLOOMBERG  -  861 words
    • 691 6  -  Moody’s applauds Putrajaya’s budgetary discipline, but is concerned about Malaysia’s worsening fiscal profile By Pauline Ng btworld@sph.com.sg Kuala Lumpur PRIME Minister Najib Razak has pledged that Malaysia’s public debt would be kept at a manageable level, amid suspicions that it is growing while parked under
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    • 946 6  -  Plan faces both vigorous opposition and strong support By Neil Behrmann btworld@sph.com.sg London HEATHROW should begin constructing a third runway by 2020, provided the government counters opposition from local boroughs and environmental groups following a 30-year delay of the project. The
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    • 142 4 PICTET Pictet-Absl Rtn Fxd Inc-HP EUR Pictet-Asian Equities Ex Japan-P USD Pictet-Asian Local Currency Debt-P USD Pictet-Biotech-P USD Pictet-Clean Energy-P USD Pictet-Em Lcl Ccy Dbt-P USD Pictet-Emerging Europe-P EUR Pictet-Digital-P USD Pictet-Emerging Markets-P USD Pictet-EUR Bonds-P Pictet-EUR Corporate Bonds-P Pictet-EUR Government Bonds-P Pictet-EUR High Yield-P Pictet-EUR Short Mid-Term Bonds-P Pictet-European
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 24 6 Everyonedeserves a great Weekend. The all-new Business Times Weekend. Out Every Sat. For advertising opportunities, call 1800 822 6382 or email us at mkgsales@sph.com.sg
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  • COMPANIES & MARKETS
    • 695 7  -  Rigbuilder incurs S$21.8m net loss for the quarter, compared to S$32.1m profit a year ago; says 8,000 jobs have been axed “throughout 2015 till to date” By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore RIGBUILDER Sembcorp Marine (SembMarine) has frozen salaries and slashed thousands
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    • 629 7  -  HOCK LOCK SIEW BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SOFTER corporate demand and an uncertain economic climate are plaguing the hospitality sector, but some analysts still spy promise in Ascott Residence Trust (ART). Eight analysts have a “buy” call on the counter, while four have
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    • 656 8  -  Group to subscribe for 41.7% sponsor stake in private investment fund, Canadian Pension Plan Investment Board takes 25% stake By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN what is the largest private cap-ital-raising that CapitaLand Limited has undertaken, the property group has set up a
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    • 457 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HC Surgical Specialists Ltd (HCSS), a medical services group focusing on endoscopic procedures, has offered 30 million new shares at S$0.27 apiece in its initial public offering on the Catalist
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    • 585 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DRAGGED by a weaker yuan in which it clocked its revenue, CapitaLand Retail China Trust (CRCT) reported a 10.6 per cent fall in distribution per unit (DPU) from a year ago to 2.36 Singapore cents. Its gross revenue
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    • 829 9  -  Session is drama-free but it offers up reason for investors to dump stock By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore DEBT-heavy Ezra Holdings’ informal session to seek bondholders’ leniency on its S$150 million notes lasted for two drama-free hours on Tuesday relative
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    • 433 9  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore HIGHER rental rates across its property segments as well as higher occupancies achieved in its high-tech buildings lent a boost to Mapletree Industrial Trust’s (MIT) second-quarter performance. On Tuesday, it reported a 1.4 per cent increase in
      433 words
    • CORPORATE DIGEST
      • 108 9 ASCENDAS India Trust, which owns six tech parks in India, said distribution per unit (DPU) for its second quarter ended Sept 30 was 1.37 Singapore cents, unchanged from a year ago. Together with first quarter DPU of 1.36 cents, a total of 2.73 cents will be distributed
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      • 111 9 SWISSCO Holdings Ltd said a statutory demand from x-Drill Holdings Inc has been withdrawn. This follows an interim order granted by the High Court on Tuesday restraining x-Drill from proceeding with the statutory demand against Swissco. The group had on Oct 20 applied to the High Court of Singapore
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      • 82 9 SHIPBUILDER Cosco Corporation (Singapore) warned shareholders to expect a worse set of results for its third quarter ended Sept 30, 2016, compared to the net loss of S$82 million a year ago. “The expected higher net loss is mainly attributable to cancellations of several orders as well as
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    • Article, Illustration
      64 10 STI Catalist Straits Times Index Oct 25, 2016 2,854.05 -2.63 (-0.09%) Current streak 1 day Day high 2,860.74 Day low 2,851.26 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Oct 25,2016 458.68 -4.85 (-1.05%) Current streak 1 day Day high 465.54 Day
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    • 578 10  -  STI’s 2.63-point loss attributed to China slowdown and likely year-end rate hike; turnover weak at 1.5b units worth S$765.4m STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ONE way of gauging the interest in local stocks is by the number of queries levelled by the Singapore
      Source: Bloomberg  -  578 words
    • 306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 cd unch 246/241 257 209 6.3 6795.8 CapitaCom Trust 159 -2 160/156 164 127 5.4 4710.4 CapitaLand 316 -1 319/316 340 280 12.6 2.8 *****.6 CapitaMall Trust 215 cd unch 215/212
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    • 34 10 VOLUME Noble 125,336,600 Ezra 78,839,600 Blumont 55,409,300 Equation 49,644,800 QT Vascular 45,588,100 Market volume 1,850,037,000 VALUE Singtel 47,789,985 UOB 45,117,188 DBS Grp 42,574,310 CapitaCom Trust 26,219,502 Ascendas Reit 25,797,392 Market value 791,334,000
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    • 109 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap Nikko AM STI ETF 296 +1 153 297/296 320/259 296/297 7.1 ABF SG Bond ETF 118.7 -0.2 51 118.7/118.5 120.1/112.1 118.6/118.7 541.8 STI ETF 290 49 291/290 314/254 290/291 DBXT MSCHINA US$ US1362 +10 36 1362/1356
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    • 77 10 Oct 25 VALUE CLOSE BT OB/OS -294.00 +22.00 BT CADI -*****.00 -59.00 BT 10-day MA -*****.00 -30.00 FTSE ST Mid Cap 696.98 +1.38 FTSE ST Small Cap 387.56 -0.90 FTSE ST All Share 704.26 -0.52 FTSE ST China Top 160.17 +0.03 FTSE ST China 196.86 -1.02 FTSE
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    • 36 10 STI FTSE ST All-Share FTSE ST All-Share index Oct 25, 2016 704.26 -0.52 (-0.07%) Current streak 1 day Day high 705.53 Day low 703.84 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 10 STI MSCI EAFE MSCI EAFE index Oct 24,2016 1,672.93 +0.48 (+0.03%) Current streak 1 day Day high 1,683.46 Day low 1,669.10 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 1 0 1 0 6 8 1 Manufacturing 34 40 28 7 13 10 41 53 38 Commerce 22 19 9 1 7 4 23 26 13 Tpt/Stor/Comms 5 18 6
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    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,956 113 10,069 30,144 20 30,163 Manufacturing 156,946 160,025 316,971 88,794 5,803 94,597 Commerce 230,425 44,970 275,395 90,279 600 90,879 Tpt/Stor/Comms 136,613 366 136,979 102,961 33 102,994 Finance 34,108 26,349 60,457 124,071 4,504 128,575 Construction
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    • 77 10 BY CENTS CLOSE UP 52w high/low DBXT MSUSA US$ 5586 89.1 1.2 5660/4705 Lyxor LATAM US$ 572 82.1 11.5 572/340 DBXT STGLDv US$ 3075 62.6 1.5 3384/2731 GLD US$ ***** 61.2 0.4 *****/***** DBXT ASX200 US$ 3572 59.8 1.2 3621/2900 BY PERCENTAGE CLOSE UP 52w high/low Lasseters Intl 5
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    • 75 10 BY CENTS CLOSE DOWN 52w high/low Lyxor Europe US$ 1260 -69.6 -3.8 1380/1150 DBXT Vietnam US$ 2394 -44.5 -1.3 2533/2017 DBXT MSTHAI US$ 1954 -22.3 -0.8 2107/1419 DBXT MSKorea US$ 5787 -18.1 -0.2 6041/4629 HongkongLand USD 681 -13.9 -1.4 786/555 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -66.7
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    • 83 10 VOL CLOSE($) CHANGE China Auto Elec 39,956.2 0.159 +0.029 +22.31 Lasseters Intl 75.0 0.050 +0.018 +56.25 SHC Capital Asia 26,268.2 0.174 +0.024 +16.00 Jubilee Ind 1,521.7 0.033 +0.006 +22.22 Next-Gen Sat 1,355.7 0.001 -0.001 -50.00 ASTI 24,427.1 0.040 +0.004 +11.11 GSH 30,327.4 0.430 +0.045 +11.69 Blumont 55,409.3 0.003
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    • BROKERS’ TAKE
      • 130 10 Target price: S$1.05 Oct 25 close: S$1.055 OCBC Investment Research, Oct 25 MAPLETREE Logistics Trust’s (MLT) 2QFY17 results came in within expectations. Operationally, MLT managed to improve its occupancy from 95.4 per cent (as at June 30, 2016) to 96.4 per cent. However, looking ahead, management
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      • 132 10 Target price: N/A Oct 25 close: S$0.124 NRA Capital, Oct 25 Gallant revealed in a media interview it is waiting for S$250 million of cash proceeds from the sale of its stake in a PRC project in April. Proceeds will be received by April next year,
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      • 190 10  -  Compiled by Andrea Soh Target price: S$1.46 Oct 24 close: S$1.515 CIMB Research, Oct 24 ISOS’s quarterly losses are expanding and turnaround is taking longer than expected. RFMD now intends to lease out 30-40 per cent of the Raffles Hospital extension (vs. 75 per cent initially).
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    • 13 10 DATA I Oct 26 Singapore industrial Production Index US MBA Mortgage Applications
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    • 406 11 CURRENCIES REUTERS London THE US dollar trod water on Tuesday but stayed close to a nine-month high, as solid US manufacturing activity and comments from a Federal Reserve official heightened expectations of a rise in interest rates by year-end. China’s yuan hit
      REUTERS  -  406 words
    • FOREX RATES
      • Article, Illustration
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      • 471 11 Oct 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 5.167 0.701 5.914 50.997 99.218 0.796 8.649 3.181 1.067 80.019 36.811 1.061 10.585 0.758 24.081 26.674 0.624 0.762 Canada 0.982 5.076
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      • 2 11
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      • Article, Illustration
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      • 155 11 Oct 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0606 1.0614 0.7622 0.7627 Canadian dollar 1.0422 1.0424 0.7491 0.7490 Euro 1.5135 1.5139 1.0877 1.0879 NZ dollar 0.9938 0.9946 0.7142 0.7147 Sterling pound 1.7008 1.7012 1.2223 1.2225
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      • 22 11 Oct 25 S$ Bid Offer 1-month 1.3911 1.3915 2-months 1.3909 1.3912 3-months 1.3907 1.3911 6-months 1.3900 1.3904 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 207 11 Most active Oct 25 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.2 unch 9242 1 1 20 5.00 10 Charisma EnergyServicesW*****3 0.1 unch 3800 1 3 1 Ntegrator Intl Ltd W*****3 0.4 unch 2350 1
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      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 24 Index Change Change Change Change Change Change World Preliminary 1308.7 0.3 2.4 0.2 0.8 0.3 2.6 EAFE Preliminary 987.5 0.0 -2.6 -0.1 -4.2 0.0 -2.5 Europe Preliminary 1417.3 0.0 0.3
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      • 393 11 Oct 25 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 *****.00 *****.00 9917.50 9932.50 *****6 *****8 Nov16 *****.00 *****.00 9945.00 9960.00 *****6 *****5 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****3 Mar17 *****.00 *****.00 *****.00 *****.00 350 4239 MSCI TAIWAN
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    • BANK RATES
      • 154 11 Oct 25 $S Offer Bid 0vernight 0.03 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.08 US$ 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
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      • 67 11 Oct 25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.72 5-Year N*****0Z 1.250 01-Oct-21 99.71 99.82 99.63 10-Year NX*****F 2.125 01-Jun-26 102.7 102.62 102.62 15-Year NZ*****F 2.875 01-Sep-30 108.89 108.98 108.85 20-Year NZ*****X 2.250 01-Aug-36 100.06 100.20 99.80
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    • AGRI METALS ENERGY
      • 249 11 Oct-24 Price Net change change Last Trade Agricultural Oct-24 CBOT Soybeans (US cents/bu) 992.00 9.00 0.92% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.99 0.87 2.48% 14/12/2016 CBOT Wheat (US cents/bu) 402.50 -12.00 -2.90% 14/12/2016 Oct-24 LIFFE Cocoa (£/tonne) 2231.00 -4.00 -0.18% 13/12/2016 LIFFE Coffee (US$/tonne) 2132.00 4.00 0.19%
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    • 1789 12 12 COMPANIES MARKETS SGX MAINBOARD 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil S I 1 S 149 127 AIMSAMP Cap Reit 138 +0.5 203 138.5 137.5 0.9 8.2 879.5 ]V 144 101 ARA Asset Mgmt 134.5 unch
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    • 308 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 0.6 0.1 t Advanced Systems 0.3 unch 4000 0.4 0.3 7.9 46.5 29.5 t Advancer Global 38.5 +1 446 39 38 15.3 66.7 LOW 16.2
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    • 127 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3188 -8 2 3188 3188 8.8 116.2 97.5 DBXT MS SING US$ US111.9 -0.2 1 111.9 111.9 5.6 422 190 DBXT MSBrazil
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  • Page 8 Advertisements
    • 219 8 QTH CORPORATE GOVERNANCE ROUNDUP 2016 The SID Corporate Governance Roundup seeks to provide a quick refresher on the year's happenings on corporate governance and directorship matters and what to look out for in 2017. The event is ideal for the busy board members and C-suites who may have missed key
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    • 482 8 InvestorRelationsHighlights Cordlife appointed marketing agent in Myanmar Cordlife Group Limited has appointed Myanmar-based Bio Secure Company Limited as marketing agent to offer cord blood, cord lining and cord tissue banking services and non-invasive newborn metabolic screening to expectant families in Myanmar. The partnership aligns with the Group’s strategy to widen
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    • 266 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VOLOTEK PTE LTD REG. NO. *****4223M (IN LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50, that a FINAL MEETING OF CREDITORS of the Company
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  • Page 9 Advertisements
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  • Page 12 Advertisements
    • 129 12 Introducing Phillip SGX APAC Dividend Leaders REIT ETF Offering investors access to diversified regional high dividend REITs Stock Code: BYI (USD counter); BYJ (SGD counter) Launched on 20 October 2016 Singapore Exchange sgx.com/etf The Phillip SGX APAC Dividend Leaders REIT ETF is issued by Phillip Capital Management (S) Limited based
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  • REAL ESTATE
    • 545 13  -  The sites at Tuas South Link 3 are zoned for Business-2 development with a 20-year tenure By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE government is continuing with its launch of smallish, short-tenure, industrialist-friendly sites. On Tuesday, state industrial landlord JTC said that
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    • 211 13  -  By Angela Tan angelat@sph.com.sg Singapore FRASERS Property Australia has secured a 115 ha site in Wyndham Vale, Melbourne, Australia, for a A$440 million (S$467.9 million) mixed-used community project. The site at 974 Black Forest Road is adjacent to a proposed rail station.
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    • 573 13 REUTERS Mumbai WHEN Indian retailer future Group opened a warehouse on the outskirts of Nagpur three years ago to supply its supermarkets, the building was surrounded by dry, barren fields. Now it is only one in an expanse of distribution centres,
      REUTERS; PHOTO: REUTERS  -  573 words
  • Page 13 Advertisements
    • 191 13 (ORCHARD ROAD) OFFICE FOR LEASE 0 Office: 355 to 1,417 sq ft Area: 904/ 1,184/ 1,343/ 1,884/2,551 0 Shop/F&B: 753 to 3,660 sq ft 2,745 3,358 sq ft Also suitable for Clinic/Medical From 4,000 to 16,264 sq ft Suites Directly connected to Nicoll Highway Newly-renovated Office Lift Lobbies MRT Station
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    • 223 13 Invest in a New Era of High-Speed Growth In Iskandar Malaysia Excellent Locale Strategically connected to two major cities, Singapore and Kuala Lumpur, within 90 minutes 5\ Malaysian Two major ports mins customs at Ah mins PSA and Port of Tuas Second Link w Tanjung Pelepas 5 km Proposed HIGH
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  • BANKING & FINANCE
    • 685 14 Profitability also under pressure from weakening domestic economy and slump in Sibor to one-year low BLOOMBERG Singapore SINGAPORE’S three largest banks are poised to report higher impairment charges for loans to the struggling oil-and-gas (O&G) industry and weaker interest margins when they
      BLOOMBERG  -  685 words
    • 330 14 REUTERS Singapore DBS Group Holdings and Julius Baer Gruppe are weighing bids for Dutch lender ABN AMRO Group’s Asia private banking business that manages about US$20 billion in assets, several people with direct knowledge of the matter said. ABN AMRO,
      REUTERS  -  330 words
    • 353 14 REUTERS London TWO British watchdogs set up to apply lessons from the financial crisis will sleepwalk into the next banking meltdown if they don’t make big changes, a report said on Tuesday. Annual spending on financial regulation has tripled to £1.2 billion (S$2 billion) since
      REUTERS  -  353 words
  • Page 14 Advertisements
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  • ENERGY & COMMODITIES
    • 980 15 South-east Asia’s growing appetite for steel is helping to ease a global surplus that sent prices plunging last year BLOOMBERG Shanghai CHINA’S steel juggernaut is picking up speed on its home turf. As governments in Europe and the US
      BLOOMBERG; PHOTO: REUTERS  -  980 words
    • 994 15 The company is investing US$1 b to revamp its Richmond refinery which will outperform its rivals REUTERS Richmond, Calif. THE LAND of liberal politics, electric cars and strict pollution controls might seem like an odd place to drop US$1 billion into a 115-year-old oil
      REUTERS  -  994 words
  • Page 15 Advertisements
    • 297 15 NOTICES UOL GROUP LIMITED Company Registration No. *****0438C (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE Notice is hereby given that the following share certificate has been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Chua Hong Tam Mr *****21-0 176 Notice is also hereby given
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  • TECHNOLOGY
    • 723 16 Data collected by Internet and media companies is a powerful tool, and the big mergers offer them more data that can be used to target consumers with content and advertising AFP Washington THEY know how you browse the Internet, your favourite TV shows
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    • 983 16 BLOOMBERG Seoul SAMSUNG Group, for decades the corporate champion of South Korea, is now facing a revolt at home. On Monday, hundreds of owners of Samsung Electronics Co’s fireprone Galaxy Note 7 filed a class-ac-tion lawsuit demanding compensation. Hours earlier, a
      BLOOMBERG; PHOTO: AFP  -  983 words
  • Page 16 Advertisements
    • 540 16 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg ASCENDAS INDIA TRUST (Registration Number: *****04) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) To: Unitholders of Ascendas India Trust Dear Sir/Madam NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION FOR THE PERIOD FROM 1 APRIL
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  • CONSUMER
    • 580 17 BLOOMBERG Chicago IT’S NOT just Big Macs that aren’t selling well in America. The Whopper is struggling, too. Restaurant Brands International Inc, owner of the Burger King and Tim Hortons chains, followed McDonald’s Corp in posting better sales in international markets
      BLOOMBERG; PHOTO: BLOOMBERG  -  580 words
    • 604 17 It is paying 4.6b yuan for a stake in China’s largest organic milk producer China Shengmu Organic Milk BLOOMBERG Shanghai INNER Mongolia Yili Industrial Group Co’s competition with China Mengniu Dairy Co in the US$52 billion Chinese dairy market is going
      BLOOMBERG  -  604 words
  • Page 17 Advertisements
    • 72 17 THE POWER OF SHARING SHARING CREATESNOVEL EXPERIENCES “Retailmallsarecompellinglifestylehubswherepeoplegravitateto, foratasteofthenew,thetrendingandtheunexpected.” –EugenieYap,GeneralManager,SPHRetailPropertyManagementServicesPteLtd At SPH, we recognise the power of sharing in a world that’s more connected than ever, across multiple platforms. Sharing helps to bring about understanding of differences and change. From our newspapers to magazines, digital platforms to radio, out-of-home media
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  • TRANSPORT
  • Page 18 Advertisements
    • 206 18 Invest Prosper 2017 5th November 2016, 9:30AM 5:00PM SPH News Centre Auditorium How will the US election affect your investment strategy S$10ADMISSION Elections never fail to give markets the jitters and investment climate often takes after such global economic movement. As we approach the 8th of November US Presidential Election,
      206 words
    • 25 18 Reach for your dreams Get inspired by Joseph Schooling’s story. For big and little kids. COMING SOON On sale at all major bookstores and www.stpressbooks.com.sg
      25 words
    • 32 18 t A* How much money have you made on your home? $104,000 I !T ■■.III 3 my Capital Gain $104,000 (12.68%) S-100K 2008 2008 2010 2011 2012 2013 2014 2015 2018 SRX.com.sg/property-tracker
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  • GOVERNMENT & ECONOMY
    • 698 19 #japanesefood is the clarion call for the nation to add a third engine of growth besides cars and electronics REUTERS Tokyo JAPAN’S export engine built around cars and electronics has stalled, but the future could be using the country’s gourmet
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    • 466 19 REUTERS Bangkok THAILAND’S economy is on track to grow 3.2 per cent this year and next, and there is no need for further monetary policy easing, a central bank deputy governor said, amid concerns that mourning for King Bhumibol Adulyadej will crimp tourism
      REUTERS  -  466 words
    • 525 19 BLOOMBERG Reykjavik INVESTORS drawn to Iceland’s high yields following the partial dismantling of capital controls are facing parliamentary elections that could produce a toxic mix of political turmoil and radicalism. Klaus Spoeri, a fund manager at Frankfurt-Trust, says that while he
      BLOOMBERG  -  525 words
    • 445 19 It says focus should be on curbing the damage done by ultra-fast trades, not to squeeze market liquidity REUTERS Frankfurt THE European Central Bank called for a gradual approach to regulating ul-tra-fast trading on Tuesday, fearing stringent rules on the practice
      REUTERS  -  445 words
    • 481 19 AFP Luxembourg EUROZONE officials announced on Tuesday they have approved 2.8 billion euros (S$4.2 billion) for Greece from its huge third bailout after the cash-strapped nation delivered the needed reforms. Following the latest disbursement approved by the European Stability Mechanism (ESM),
      AFP  -  481 words

  • Page 20 Advertisements
    • 2158 20 C a i l a n B r i s b a n e E n n o 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 NYK RORO (ASIA) PTE. LTD. n
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    • 244 20 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 122 PRW009 27/10/2016 28/10/2016 Pelindo/Perawang DAILY Marco Polo 292 BST028 27/10/2016 28/10/2016 Buatan/Buatan DAILY Marco Polo
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  • PRESTIGE POSTGRAD 2016
    • 1812 21 Senior officials from three Singapore-based tertiary institutions share their views on postgraduate education in the age of disruption PARTICIPANTS: ILee Kwok Cheong, CEO, SIM Global Education IKevyn Yong, dean of ESSEC Asia-Pacific IRhys Johnson, senior vice-president and provost, Kaplan I Moderator: Francis Kan The Business
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    • About the schools
      • 55 21 SIM Global Education (SIM GE) is the global education arm of the Singapore Institute of Management. The institution offers overseas academic programmes awarded by top ranking and reputable universities from the United Kingdom, the United States and Australia. SIM GE has more than 133,000 alumni and 20,000
        55 words
      • 81 21 The Singapore-based campus of France's ESSEC Business School is home to more than 600 students representing various nationalities across six degree programmes: the Global BBA, MSc in Management (Grande École), Master in Finance, Advanced Master Strategy Management of International Business (MS SMIB), MSc in Management of Health Industries,
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      • 50 21 Kaplan Higher Education provides full-time and part-time diplomas, bachelors and postgraduate degrees to students looking to pursue careers in various fields. The degrees are offered in partnership with globally-ranked universities, such as Murdoch University, Birmingham City University, Royal Holloway University of London and University College of Dublin, among others.
        50 words
    • 1083 22  -  More universities are now offering postgraduate courses that cater to the fast-changing work environment. BY FRANCIS KAN NEW disruptive technologies are fuelling a revolution in the global workplace. Automation is displacing traditional jobs, even as new ones are being created to service an innovation-led economy. Indeed,
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    • 536 22 A GRADUATE of SIM University’s (UniSIM) MA in Applied Linguistics (TESOL), Dashni Ravindran, talks about the benefits of undergoing this postgraduate programme. What were you doing before embarking on this course? I have been teaching at Si Ling Primary School. Prior to embarking on this course, I
      536 words
    • 685 24  -  Top-notch private schools that offer degree programmes here are keen to show why they are better than the rest. BY FRANCIS KAN BY FRANCIS KAN PRIVATE education institutions (PEIs) that offer degree and postgraduate programmes in Singapore have come under the spotlight recently, after
      FILE PHOTO  -  685 words
    • 273 24 THE Council for Private Education (CPE), which regulates the private education sector here, unveiled five broad measures earlier this month aimed at upholding the quality of private education institutions (PEIs) in Singapore. Employment outcomes PEIs that offer degree programmes will be required to take part in a
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  • Page 22 Advertisements
    • 204 22 MY sip DREAM IS TO BE A GLOBAL TRAILBLAZER." Advance your success with MDIS Postgraduate Programmes MDIS offers a wide range of postgraduate programmes from reputable universities, providing you with the edge to master the increasingly complex environment. Build your network with professionals from diverse backgrounds and countries. Be a
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  • Page 23 Advertisements
    • 379 23 NCONVENTI ONAL JOIN THE U THAT BELIEVES IN U. 4 I i*. Student Alumnus SIM University As your capabilities grow, so do your career opportunities. SIM University's graduate programmes combine real-world knowledge and practice-oriented skills to free your potential and expand your access to more career pathways. Whether you are
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  • Page 24 Advertisements
    • 217 24 POSTGRADUATE PROGRAMMES To broaden horizons, sharpen your focus. mm UNIVERSITY |"g; OF LONDON 'fir INTERNATIONAL I AFFILIATE PROGRAMMES CENTRE BB £WMG MANCHESTER 1824 The University of Manchester Manchester Business School In a world where opportunity is everywhere, it's important that you find your niche and work towards developing it. At
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    • 256 24 ESSEC a MANNHEIM EXECUTIVE MBA ASIA-PACIFIC SHAPE YOUR CAREER, EMPOWER YOUR FUTURE An inclusive learning approach with a strong focus on actionable learning or ■n ti m s b 'Wm m I 5 /TkTS' V* wm a With Asia playing such a large role in the world economy, I found
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  • OPINION
    • 606 26 EDITORIAL Thousands of Kurdish and Iraqi army soldiers, assisted by around 5,000 American advisers and airpower, have been battling in recent days with fighters of the Islamic State (ISIS) outside the northern Iraqi city of Mosul. The long-awaited offensive is
      606 words
    • 825 26  - Duterte performing a high-wire act with no safety net THE BOTTOM LINE By Frank Ching TThe writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 PHILIPPINE President Rodrigo Duterte’s four-day visit to China was packed with drama, including his hyperbolic assertion that he was “separating” from
      825 words
    • 1379 26  -  That’s if the Donald beats Hillary despite early predictions that the former would lose, with most polls showing Hillary leading with a margin of five to 12 percentage points By Leon Hadar Washington DURING the 1948 US presidential election, the press and media
      PHOTO: AFP  -  1,379 words
    • 953 27  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics OFFICIALS from Brussels and Belgium are trying frantically to prevent a complete breakdown of negotiations
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    • 692 27  -  COMMENTARY By Lily Chia T The writer is head of oil, power gas, derivatives at Singapore Exchange Ltd. She will be speaking at the Gas Asia Summit Exhibition, held from Wednesday till Friday at Marina Bay Sands Expo and Convention Centre THE emergence
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    • 1333 27  -  A Pew global survey shows that the Indians and Chinese are content with growing integration of their nations into the world economy. BY BRUCE STOKES BY BRUCE STOKES TThe writer is director of global economic attitudes at the Pew Research Center YALEGLOBAL
      YALEGLOBAL ONLINE; PHOTO: BLOOMBERG  -  1,333 words


  • LIFE & CULTURE
    • 770 28  -  Former World No 1 starsMartina Hingis and Martina Navratilova play at charity event to help raise S$25,000 for SportCares Foundation By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHILE much of the focus at the Women’s Tennis Association (WTA) Finals is on the
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    • 565 28 AFP Kuala Lumpur MALAYSIA is planning to take a “temporary break” from Formula One because of mounting losses, officials said on Tuesday, in ominous signs for one of Asia’s longest-running grands prix. Officials are due to meet this week to discuss the
      AFP  -  565 words
    • 847 28 NYTIMES San Francisco AT any given moment, it seems there’s a fashion week happening somewhere in the world, be it Sydney, Istanbul, Dubai, Seoul, Moscow, Toronto, Copenhagen or Lagos (to name a few). But the latest entrant to the list may
      NYTIMES; PHOTOS: NYTIMES; PHOTO: NYTIMES  -  847 words
  • Page 28 Miscellaneous
    • 317 28 CRYPTIC CROSSWORD Across 1 Compelled to use pressure in extremity (8) 6 Dramatist’s method of payment without conflict (6) 9 Prudence West is on Benedictine (6) 10 Oil catch freely, being liberal (8) 11 Went back over and copied again (8) 12 You can’t be sure when nursing them (6)
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  • Page 29 Advertisements
    • 544 29 The Royal Bank of Canada is pleased to announce the following appointments: h J Peter Corry Managing Director, Head of Wealth Management, Asia Mr. Corry will assume the overall leadership of RBC Wealth Management, Asia. With deep expertise in finance, performance enablement and business management, Mr. Corry will be focused
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  • EXECUTIVE MONEY
    • 842 29 A 71 per cent chance of a rate increase by the Fed’s Dec 13-14 meeting and dovish signals from the ECB could translate to downward pressure BLOOMBERG London TRADERS selling the euro are counting on history not to repeat itself. After being
      BLOOMBERG; PHOTO: BLOOMBERG  -  842 words
    • 681 30 Futures contracts show traders are banking on one move this year with odds of a second one at 51% during 2017 BLOOMBERG Tokyo FEDERAL Reserve official Charles Evans has added his voice to forecasts for up to three
      BLOOMBERG; PHOTO: REUTERS  -  681 words
    • 251 30  -  By Genevieve Cua Singapore OPTIMISM over the potential of Asia as an investment market has spurred Investec Asset Management to build a presence in Singapore. The South Africa-based firm incorporated a Singapore office in 2012 and obtained a fund management licence this year. At the moment
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  • Page 30 Advertisements
    • 837 30 ADVERTORIAL HOWGOLDMAYIMPROVEYOURPORTFOLIOPERFORMANCE Gold has been one of the best investment stories in 2016, registering a positive 20% return year-to-date.1 “When markets are uncertain and volatile, investors turn to gold for diversification and as portfolio insurance,” says Robin Tsui, ETF Gold Specialist at State Street Global Advisors. “With a lot of
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