The Business Times, 11 November 2016

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Total Pages: 28
1 28 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 Friday, November 11, 2016
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  • 130 1 Some S$970 million from about 35,000 people are parked in 14 issues under the Singapore Savings Bonds programme. TOP STORIES 2 Noble Group swings to a net loss of US$28.1 million for the third quarter amid constraints on working capital and a cessation of some operations as it
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  • 27 1 Thursday Change STI 2,834.09 +44.21 KL Comp 1,652.74 +5.12 Nikkei 225 17,344.42 +1,092.88 Hang Seng 22,839.11 +423.92 Shenzhen B 1,171.24 +14.82 Dow (10.16 EST) 18,728.19 +138.50
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  • 714 1  -  Analysts believe a Republican Congress and president would grease wheels for increased US fiscal spending By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore IT took just one day for markets to claw back losses from the previous day’s rout triggered by
    PHOTO: AFP  -  714 words
  • 766 1  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Monetary Authority of Singapore will ease its regulatory regime for venture capital (VC) managers to draw and anchor more of them in Singapore as part of the Republic’s
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    • 127 1 *****1 *****1 THE BUSINESS TIMES WILD IN SINGAPORE There are actually more wild animals in the Red Dot than meets the eye BT LIFESTYLE 28 4 MASTER CHRONOMETER CERTIFICATE METAS (Federal Institute of Metrology) certifies thot this individual timepiece has successfully passed the tests to earn the distincton -MASTER CHRONOMETER-*.
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    • 11 1 DECOR GOES DUTCH Uber-stylish brand debuts in S’pore BT LIFESTYLE 24
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    • 23 1 DINING OUT Monti’s multi-regional Italian fare BT LIFESTYLE 25 BRACING FOR 2017 Singtel’s Q2 net profit falls 5.6% to S$972m COMPANIES MARKETS 6
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  • TOP STORIES
    • 660 2  -  Govt is “encouraged” by the uptake, but the House is told that public awareness of the scheme could be improved PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore ABOUT 35,000 people have parked S$970 million in 14 savings bond issues under the
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    • 535 2 Fathers to get two weeks of paternity leave; mums with adopted children to get 12 weeks’ leave, up from four Singapore FROM January next year, unmarried mothers will have 16 weeks of paid maternity leave equal to their married
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    • 510 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore A FEW power companies in Singapore have banded together to launch the Singapore chapter of the World Energy Council, making this the first time Singapore companies across the electricity supply chain have formed an industry
      PHOTO: WORLD ENERGY COUNCIL  -  510 words
    • 685 2 AFP Mumbai MONTHS of planning by a select few sworn to secrecy and then cash-laden trucks on the streets. But this was no bank robbery rather an audacious plan to issue new notes across India. There are 1.25 billion people in
      AFP  -  685 words
    • 423 2 1MDB-LINKED TRIAL BLOOMBERG Singapore SINGAPORE police identified Malaysian financier Low Taek Jho, also known as Jho Low, as a “key person of interest” in a money laundering probe surrounding 1 Malaysia Development Bhd, according to testimony in court on Thursday.
      BLOOMBERG  -  423 words
    • 499 4  -  In a letter to Trump, PM Lee sends best wishes, says he looks forward to working with him TRUMP WIN By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore DONALD Trump has “extensive business experience” that puts him in a unique position to tap into Asia’s growth,
      PHOTO: AFP  -  499 words
    • 460 4 REUTERS New York DEMONSTRATORS marched in cities across the United States on Wednesday to protest against Republican Donald Trump’s surprise presidential election win, blasting his campaign rhetoric about immigrants, Muslims and other groups. In New York, thousands filled streets in midtown
      REUTERS  -  460 words
    • 736 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE ripple effect of real estate mogul Donald Trump’s win in the United States’ presidential election is expected to spread far and wide, with Asia and Singapore likely to feel considerable impact. This was a key
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    • 612 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo TOKYO financial markets regained their equilibrium on Thursday in the wake of the surprise victory by US president-elect Donald Trump. Investors focused on the possible upside of a Trump presidency in everything from the chance of
      PHOTO: REUTERS  -  612 words
    • 628 4 BLOOMBERG Hong Kong JUST when China’s economy seemed to be stabilising, Donald Trump’s election as US president poses significant new risks. Not just for Chinese growth, but the entire Asia region. That’s because the president-elect campaigned on a policy platform
      BLOOMBERG  -  628 words
    • 488 5  -  He hopes Google’s bigger team at its new regional HQ here will help S’pore achieve that By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore AT a gala event to mark the opening of Google’s new Asia Pacific headquarters
      PHOTO: GOOGLE  -  488 words
    • 864 5  -  By amit@sph.com.sg Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore GOOGLE sees a “tremendous opportunity” to grow its business in Singapore and to showcase the city-state as a centre for innovation, according to a top official of the California-based tech giant. Speaking
      PHOTO: BLOOMBERG  -  864 words
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    • 276 3 SINGAPORE MICHELIN ONE STAR CRYSTAL JADE GOLDEN PALACE SHANGHAI MICHELIN BIB GOURMAND CRYSTAL JADE RESTAURANT HONG KONG MICHELIN BIB GOURMAND CRYSTAL JADE LA MIAN XIAO LONG BAO CRYSTAL JADE FREE JADEITE MEMBERSHIP FOR STANDARD CHARTERED CARDHOLDERS FROM 1 7 OCT 30 NOV 2016 Log on to www.crystaljade.com/jadeite/scb or visit any
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    • 303 5 WAREHOUSE C A I C 12-13th Nov 2016 I r Sat -Sun 10 AM 8 PM Up to 70 WALK-IN and ONLINE www.oaks.com.sg 2 days only! FREE WINE TASTING Wine, Whisky, Japanese Whisky, Champagne, Sake, Vodka, Accessories Over 500 items! Usual Now Rating Usual Now Rating Ch.Branaire Ducru 2007 118.00
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  • COMPANIES & MARKETS
    • 666 6  -  This is in the absence of exceptional gains recorded last year; telco lowers outlook for FY2017 By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE Telecommunications (Singtel) lowered its outlook for fiscal year 2017 from its May guidance, saying it expects operating revenue to
      PHOTO: REUTERS  -  666 words
    • 819 6  -  HOCK LOCK SIEW BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT THERE are governance lessons for the nascent peer-to-peer (p2p) loan marketplace that can be taken from recent rules imposed on both credit-card issuance and moneylending in Singapore. This comes amid
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    • 391 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THINNER property development margins led to lower earnings for UOL Group in its third quarter, even though turnover rose mainly on the back of higher progressive recognition of revenue from development projects in Singapore. The real estate group’s
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    • 296 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A DEPRECIATION of the Chinese yuan and lower visitor numbers at one of its attractions in China led to a slight dip in net profit for tourism play Straco Corporation for its third quarter ended Sept 30,
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    • 292 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MAINBOARD-LISTED Aspial Corporation’s net profit for the third quarter surged to S$12.72 million from S$1.88 million a year ago on higher revenue contributions from its real estate and finance services businesses. Group revenue for the
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    • 777 7  -  2016 results ‘significantly impacted by conservative approach to liquidity management’ By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore NOBLE Group swung into a net loss of US$28.1 million for the third quarter ended Sept 30, from a net profit of US$24.7 million, amid
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    • 338 7  -  By Samuel Ee samuelee@sph.com.sg Singapore SBS Transit’s net profit for the third quarter ended Sept 30 jumped 43.2 per cent to S$7.8 million, mainly on its bus segment’s lower fuel costs and lower depreciation, although this was offset by lower bus revenue
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    • 415 7  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore LOWER foreign-exchange losses and gains from investment securities gave a fillip to Wilmar International's results for the third quarter. The group’s net profit shot up 47 per cent to US$392.2 million from the preceding year. For
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    • 405 7 BLOOMBERG Singapore GLOBAL bond investors lost US$337 billion in a single day on Wednesday as Donald Trump’s election as US president sparked concern that his plan to boost economic growth will lead to a surge in inflation. The total market value
      BLOOMBERG  -  405 words
    • Article, Illustration
      65 8 STI Catalist Straits Times Index NOV 10, 2016 2,834.09 +44.21 (+1.58%) Current streak 1 day Day high 2,839.97 Day low 2,819.90 52-week high 2,981.59 (NOV 11, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index NOV 10, 2016 464.79 +8.20 (+1.80%) Current streak 1 day Day high 464.84
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    • 606 8  -  Banks are top gainers, with DBS surging 3.8 per cent and accounting for 17 per cent of the market’s dollar volume STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT WALL Street’s surprise rally on Wednesday in response to Donald Trump winning the US presidential
      Source: Bloomberg  -  606 words
    • 307 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 -4 233/228 257 209 6.7 6442.6 CapitaCom Trust 154.5 -1 156.5/153 164 127 5.6 4578.6 CapitaLand 308 +5 309/305 340 280 12.3 2.9 *****.7 CapitaMall Trust 200 -2 203/198.5 225 185
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    • 33 8 VOLUME Noble 454,285,800 Genting Sing 75,836,800 LionGold 69,965,500 Blumont 63,332,000 Vard 58,122,200 Market volume 2,539,117,000 VALUE DBS Grp 274,060,802 Singtel 128,553,192 Noble 88,362,010 UOB 68,351,163 Genting Sing 67,549,445 Market value 1,601,848,000
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    • 109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSPHILS US$ US191.4 +0.6 560 195.8/189.8 222.5/158.5 191.3/192 15.3 IS MS INDIA US$ US712 +8 414 715/705 772/441 712/714 89 STI ETF 288 +4 328 288/287 306/254 288/289 DBXT MSRussia US$ US216 +10 120 218/216
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    • 77 8 Nov 10 VALUE CLOSE BT OB/OS -137.00 +84.00 BT CADI -*****.00 +168.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 693.40 +5.66 FTSE ST Small Cap 390.52 +4.26 FTSE ST All Share 700.63 +10.04 FTSE ST China Top 161.36 +2.72 FTSE ST China 199.94 +4.06 FTSE
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    • 35 8 STI FTSE ST All-Share FTSE ST All-Share index NOV 10,2016 700.63 +10.04 (+1.45%) Current streak 1 day Day high 701.23 Day low 697.21 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index NOV 9,2016 1,636.07 -16.86 (-1.02%) Current streak 1 day Day high 1,661.78 Day low 1,618.09 52-week high 1,757.35 (NOV 19, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 2 0 0 0 12 2 2 Manufacturing 48 29 16 13 10 7 61 39 23 Commerce 30 5 10 9 6 1 39 11 11 Tpt/Stor/Comms 16 9 3
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    • 121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,467 21,467 71,066 71,066 Manufacturing 128,854 162,440 291,294 128,497 3,514 132,012 Commerce 532,220 11,249 543,469 149,725 219 149,944 Tpt/Stor/Comms 152,937 347 153,284 219,518 31 219,548 Finance 49,478 2,222 51,700 454,829 331 455,159 Construction 23,143 8,032
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    • 78 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 580.7 3.3 *****/***** DBXT MSUSA US$ 5650 424.0 5.7 5660/4705 SPDR S&P500 US$ ***** 340.0 1.1 *****/***** DBXT ASX200 US$ 3601 226.7 4.7 3621/2900 DBXT S&P500 US$ 3768 214.1 4.2 3790/3126 BY PERCENTAGE CLOSE UP 52w high/low GRP R
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    • 79 8 BY CENTS CLOSE DOWN 52w high/low Lyxor ThaiSET US$ ***** -177.7 -1.0 *****/9646 DBXT S&PShort US$ 1924 -98.0 -3.5 2362/1923 GLD US$ ***** -88.2 -0.5 *****/***** DBXT iBoxxIDR US$ 1102 -47.6 -3.0 1136/977 DBXT MSTHAI US$ 1947 -33.6 -1.2 2107/1419 BY PERCENTAGE CLOSE DOWN 52w high/low UOB MB eCW*****0
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    • 79 8 VOL CLOSE($) CHANGE Asian Micro 1,240.0 0.013 +0.005 +62.50 Hosen 201.0 0.057 +0.017 +42.50 IP Softcom 100.0 0.017 -0.007 -29.17 PSL 185.8 0.500 +0.095 +23.46 Nico Steel 6,278.3 0.025 +0.011 +78.57 Vashion 23,920.0 0.004 -0.001 -20.00 Transcorp 500.1 0.049 -0.005 -9.26 TPV Tech 234.0 0.240 +0.015 +6.67 HuanHsin
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    • BROKERS’ TAKE
      • 165 8 Yangzijiang shipbuilding Hold Target price: S$0.81 Nov 10 close: S$0.82 OCBC Investment Research, Nov 10 YANGZIJIANG Shipbuilding reported a 6 per cent year-on-year drop in revenue to 3.88 billion yuan (S$803 million) but saw a 59 per cent fall in net profit to 281 million yuan in Q3 2016, impacted
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      • 99 8 CapitaLand Buy Target price: S$4.05 Nov 10 close: S$3.08 UOB Kay Hian, Nov 10 CAPITALAND’S Q3 2016 results were in line with expectations. Overall operating net profit grew 55 per cent year on year, boosted by contributions from Singapore and China residential projects. Despite headwinds in Singapore and China, the
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      • 141 8  - Courts Asia Add Compiled by Claire Huang Target price: S$0.60 Nov 10 close: S$0.45 CIMB Research, Nov 9 WE lift our FY2017-19 forecast earnings per share by 3 per cent on slightly better margins. However, our target price rises by a larger magnitude as we roll forward to calendar year
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    • 374 9 CURRENCIES REUTERS London THE US dollar on Thursday jumped to its highest level in two weeks and continued to reverse brief initial losses from the surprise election of businessman Donald Trump as US president, as markets awaited more clarity on his economic
      REUTERS  -  374 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Nov 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.030 5.223 0.704 5.964 51.092 100.938 0.812 8.855 3.276 1.058 80.485 37.492 1.077 10.278 0.757 24.320 26.974 0.618 0.769 Canada 0.971 5.070
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      • 155 9 Nov 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0758 1.0773 0.7688 0.7693 Canadian dollar 1.0443 1.0455 0.7466 0.7463 Euro 1.5294 1.5309 1.0930 1.0933 NZ dollar 1.0173 1.0184 0.7270 0.7273 Sterling pound 1.7399 1.7413 1.2434 1.2435
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      • 22 9 NOV 10 S$ Bid Offer 1-month 1.3990 1.4002 2-months 1.3987 1.4000 3-months 1.3985 1.3997 6-months 1.3981 1.3992 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 206 9 Most active Nov 10 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 11.6 3.9 6199 0.1 1550 3 OCBC BK MB ECW*****6 5.5 1.1 4357 0.1 900 4 DBS VT eCW*****3 12.2 3.9 3030 0.1 1508
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Nov 9 Index Change Change Change Change Change Change World Preliminary 1296.2 0.2 1.4 0.6 0.2 0.1 1.8 EAFE Preliminary 960.2 -0.7 -5.2 -0.5 -6.2 -1.0 -4.7 Europe Preliminary 1394.8 1.0 -1.3
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      • 393 9 Nov 10 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov16 9925.00 *****.00 9917.50 *****.00 *****2 *****8 Dec16 9950.00 *****.50 9932.50 *****.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 *****9 *****8 Mar17 *****.00 *****.00 *****.00 *****.00 554 5164 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Nov 10 $S Offer Bid 0vernight 0.02 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.10 US$ Offer Bid 7 days 0.55 0.45 1 month 0.65 0.55 2 months 0.85 0.65 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
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      • 69 9 Nov 10 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.5 105.56 105.46 5-Year N*****0Z 1.250 01-Oct-21 99.35 99.45 99.45 10-Year NX*****F 2.125 01-Jun-26 100.81 101.00 100.80 15-Year NZ*****F 2.875 01-Sep-30 105.55 106.10 105.75 20-Year NZ*****X 2.250 01-Aug-36 96.04
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    • AGRI METALS ENERGY
      • 246 9 Nov-9 Price Net change change Last Trade Agricultural Nov-9 CBOT Soybeans (US cents/bu) 982.00 -19.75 -1.97% 14/11/2016 CBOT Soybean Oil (US cents/lb) 34.31 -1.00 -2.83% 14/12/2016 CBOT Wheat (US cents/bu) 406.75 -8.50 -2.05% 14/12/2016 Nov-9 LIFFE Cocoa (£/tonne) 2050.00 -14.00 -0.68% 13/12/2016 LIFFE Coffee (US$/tonne) 2190.00 48.00 2.24%
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    • 926 10  -  It reports a 60% increase in Q3 net earnings amid strong sales performance in the property development segment and a one-time gain from a divestment By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore FRESH from completing the group’s third profit participation securities exercise, City Developments
      FILE PHOTO  -  926 words
    • 425 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE Technologies (ST) Engineering posted a 42 per cent drop in net profit for the third quarter after it took a one-time S$61.1 million charge related to the expected closing of a road
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    • CORPORATE DIGEST
      • 59 10 SATS posted a 4 per cent hike in net profit to S$62.1 million for the second quarter on an improved operating profit. Earnings per share were 5.6 Singapore cents compared to 5.4 Singapore cents a year ago. Revenue for the listed group increased 3.7 per cent to S$438.5 million.
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      • 60 10 THIRD-QUARTER net profit for Hotel Properties rocketed 90 per cent to S$32.1 million from the previous year, mainly supported by sale of completed condominium units from its Tomlinson Heights development. Revenue grew 5 per cent to S$140 million from the previous year. Earnings per share jumped to 5.73
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      • 103 10 FAR East Hospitality Trust reported a 6.7 per cent drop in distribution per stapled security to 1.12 Singapore cents for the third quarter from a year ago as an uncertain global economy curbed corporate travel and new hotel rooms supply put pressure on rates. Income available
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      • 79 10 HIGHER revenue and lower finance costs lifted results for industrial real estate solutions provider Boustead Projects in its second quarter. Net profit went up 33 per cent to S$7.3 million from the year-ago period. For the three months ended Sept 30, revenue increased 16 per cent to S$62.2
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      • 118 10 SALES recognition of two residential development projects in Melbourne and Gold Coast, Australia boosted results for Ho Bee Land in its third quarter. Net profit surged 31.8 per cent to S$26.7 million from the previous year, the group said in a Singapore Exchange filing on Thursday. For
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      • 87 10 THE Malaysian subsidiary of Singapore-listed Emas Offshore Ltd (EOL) has served its associate SJR Marine a writ of summons for more than US$149,000. Kuala Lumpur-listed Perisai Petroleum said in a stock exchange announcement the claim under the writ of summons is for US$146,925.27, being charter rates and other
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    • 1875 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 127 AIMSAMP Cap Reit 135 unch 416 137.5 134.5 0.9 8.4 860.3 LOW 172.5 101 ARA Asset Mgmt 170.5 unch ***** 171.5
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    • 334 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld 0.5 0.1 t Advanced Systems 0.4 +0.1 0 0.4 0.3 10.5 46.5 29.5 t Advancer Global 36.5 +0.5 62 37.5 36.5 14.5 63.2 HiBh 16.2
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    • 128 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3094 +59 18 3112 3076 8.5 422 190 DBXT MSBrazil US$ US408 +3 58 408 404 1388 995 DBXT MSCHINA US$ US1314
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  • Page 11 Advertisements
    • 109 11 Market Outlook 2017: Finding Income and Managing Risk Forum Join our industry experts as they share valuable opinions on upcoming market trends, investment ideas and strategies for 2017. Date 26 Nov 2016 Venue The Star Performing Arts Centre, Level 3 Time 10am 1pm For more information, visit sgx.com/academy Singapore Exchange
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  • BANKING & FINANCE
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    • 239 12 Stay ahead with The Business Times. Subscribe receive these exclusive premiums! Fitbit Alta Fitness Wristband worth $198 1-year digital access to The Peak Singapore worth $366 A BP ul-in-One Package $29.90 /month Smartphone >ad Web Other subscription packages are available on btsub.sg/promo THE Rl Mivrpcc Tn yyg( Are We Cool
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    • 1216 13 NOTICES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TRILOGY HOLDINGS PTE. LTD. (IN LIQUIDATION) Company Registration No. *****3386D NOTICE OF INTENDED DIVIDEND Name of Company Trilogy Holdings Pte. Ltd. (In Liquidation) Court High Court
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    • 3883 13 O)—(OK-KO VICPLAS VICPLAS INTERNATIONAL LTD REGISTRATION NO. *****5362R INCORPORATED IN THE REPUBLIC OF SINGAPORE NOTICE OF EIGHTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of Vicplas International Ltd (the "Company") will be held at The Star Loft, 11th Floor, The Star Performing Arts Centre,
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  • REAL ESTATE
    • 432 14  -  It expects to reach its target of 20,000 apartment units in the country by 2020 By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAPITALAND’S serviced residence arm The Ascott Limited (Ascott) has inked contracts to manage eight new serviced residences in China’s high
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    • 441 14 BLOOMBERG Vancouver WANT to keep your million-dollar luxury pad in Vancouver empty? Get ready to pay C$10,000 (S$ 10,445) annually in extra taxes. Lie about it? That’ll be C$10,000 a day in fines. Canada’s most-expensive property market, suffering from a near-zero
      BLOOMBERG  -  441 words
    • 253 14 BLOOMBERG Hong Kong CHINA Evergrande Group, the country’s largest property developer, increased its stake in rival China Vanke Co, renewing concerns about a potential battle for control. The Guangzhou-based developer bought 161.9 million Shenzhen-listed Vanke shares between Aug 16 and Nov
      BLOOMBERG  -  253 words
    • 500 15 Landlords offering a month of free rent or payment of broker fees in order to reach a deal BLOOMBERG New York MANHATTAN landlords are giving renters more financial incentives than ever in a bid to keep apartments from going empty while the
      BLOOMBERG; PHOTO: BLOOMBERG  -  500 words
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    • 214 14 Dr Lim Chien Chuan, Dr Tan May Yen and Dr Chi Wei Ming The three neighbourhood doctors were the first to raise the alert on local transmission of the Zika virus in Singapore after they noticed a sudden spike in patient numbers in the second week of August. SHORTLISTED FINALISTS
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  • ENERGY & COMMODITIES
    • 784 16 Main risk is how much of the Republican victor’s campaign rhetoric translates into policy reality when he moves into the White House REUTERS Launceston, Australia BEYOND the short-term volatility as investors become used to the idea of President Donald Trump, the main risk for global
      REUTERS; PHOTO: AFP  -  784 words
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    • 575 16 SUPER GROUP LTD. Company Registration No. *****1696K (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 Teo Kee Bock *****6 1,000 Notice is also hereby given that new
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    • 1474 16 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g IN
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    • 451 16 THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that BASEL VIEW FINANCE LIMITED is in voluntary liquidation. The voluntary liquidation commenced on 4th November, 2016. The Liquidator of the Company is
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  • TECHNOLOGY
    • 477 17 AFP San Francisco YAHOO provided more details on Wednesday about an epic hack of its services, including that the culprits may have planted software “cookies” for ongoing access to users’ accounts. In revelations that could jeopardise the company’s pending US$4.8 billion acquisition by
      AFP  -  477 words
    • 703 17 Higher tariffs on Chinese goods would depress demand for its AliExpress site BLOOMBERG New York CHINESE Internet companies face a new reality after Donald Trump’s surprise victory as the US president-elect and Alibaba Group Holding Ltd has the most to lose.
      BLOOMBERG; PHOTO: REUTERS  -  703 words
    • 825 17 BLOOMBERG San Francisco AMERICA has just endured its first presidential election in which the majority of the electorate got its news from social media. And the outcome is already prompting soul-searching by the companies that shaped it. Facebook Inc will
      BLOOMBERG  -  825 words
    • 331 17 BLOOMBERG New York INVESTORS are betting that Donald Trump’s surprise US presidential victory may benefit SoftBank Group Corp’s struggle to turn around Sprint Corp. Masayoshi Son’s mobile phone ambitions in the US were derailed when regulators blocked his plan to combine
      BLOOMBERG  -  331 words
    • 322 17 AFP Dublin IRELAND lodged a formal appeal on Wednesday against a European Commission ruling ordering the country to collect billions of euros in unpaid taxes from tech giant Apple. “Our application has now been lodged in the General Court of the European
      AFP  -  322 words

  • CONSUMER
    • 666 18 The next soda tax vote is set for Cook County, Illinois on Thursday REUTERS New York THREE California cities voted for a tax on sugar-sweetened beverages and another in Colorado was likely to follow suit, unofficial election results showed on Wednesday,
      REUTERS; PHOTO: NYTIMES  -  666 words
    • 608 18 NYTIMES New York AFTER months of tumult in Viacom’s leadership, it came as little surprise that the company had a bad year. The entertainment company reported on Wednesday a 25 per cent plunge in profit and a 6 per cent drop in revenue
      NYTIMES  -  608 words
    • 336 18 REUTERS New York US drugmaker Pfizer Inc is evaluating a potential sale or spin-off of its consumer health division that could value the unit at as much as US$14 billion, people familiar with the matter said on Wednesday. A Pfizer
      REUTERS  -  336 words
    • 289 18 AFP Seoul SHARES in Samsung’s drug-making unit soared almost six per cent on their market debut on Thursday, after one of South Korea’s biggest ever initial public offerings that raised nearly US$2 billion. Samsung Biologics, a contract manufacturer of biotech drugs for global
      AFP  -  289 words
    • 295 18 REUTERS Munich GERMAN industrial group Siemens plans a public listing of its US$ 15 billion healthcare business, it said on Thursday, in a further step to focus on its core strengths of electrification, automation and digitisation. The Munich-based group announced the move as it
      REUTERS  -  295 words
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    • 41 18 Know Or Don’t Know? GeneralKnowledge WorldCurrentAffairs LocalCurrentAffairs LocalPolicies Take A Short Quiz One Lucky Player Stands To Win Rise To The Challenge At www.KnowOrDontKnow.sg or simply SMS to *****: QUIZ<space>BT Participation is free No entry conditions attached Terms and conditions apply
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  • GOVERNMENT & ECONOMY
    • 839 19 To help low-wage industries such as textiles or offer a “new deal” for blacks, he needs to tackle income gap REUTERS Charlotte, North Carolina DONALD Trump’s promise to revive small town America faces a tough challenge in an economy that
      REUTERS; PHOTO: BLOOMBERG  -  839 words
    • 596 19 NYTIMES Beijing WHEN President Xi Jinping of China meets foreign leaders, he tends to recite talking points in a dutiful monotone, diplomats say. But when challenges to China’s sovereignty come up like protests in Hong Kong he roars to life.
      NYTIMES; PHOTO: REUTERS  -  596 words
    • 659 19  -  By Neil Behrmann btworld@sph.com.sg London FOLLOWING her visit to India, British Prime Minister Theresa May has announced a new wave of infrastructure deals with China. Billions of pounds of projects are being showcased to Chinese VicePremier Ma Kai and his delegation,
      659 words
    • 224 19 AFP Jakarta INDONESIA plans to sell minority stakes in some airports and ports to private investors, a report said on Thursday, as South-east Asia’s top economy seeks extra funding for an infrastructure drive. Holdings of up to 45 per cent will be
      AFP  -  224 words
    • 671 19 GDP growth may get impacted negatively as consumption and investment moderate: analysts BLOOMBERG Mumbai PRIME Minister Narendra Modi’s biggest move to fight tax evasion and graft can add US$45 billion to India’s budget, or about three times the
      BLOOMBERG  -  671 words

  • TRANSPORT
  • Page 20 Advertisements
    • 34 20 WAR AGAINST DIABETES What Indians need to guard against to keep disease at bay 25 ARTISTS TO DISPLAY THEIR WORK AT VARNAM GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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    • 14 20 “Makesme feelalmostas ifKyotoitself isspeakingto me,ingentle andpoetic cadences.” PicoIyer,authorof TheArtOfStillness Theinsider'sscoop onsecretspacesin Japan'soldcapital Nowonsaleatallmajorbookstoresand www.stpressbooks.com.sg
      14 words
    • 269 20 With the interest rates increasing and cost of goods getting higher, we are not earning fast and enough to keep up with the footsteps of the market. What happens when one (or two, or three!) jobs do not suffice? How are we going to make sure we have enough for
      269 words
    • 55 20 Get expert views from a suite of renowned doctors, who will address some of Singaporeans’ major health concerns. Presented by Mount Elizabeth Hospitals 19 November 2016 Saturday 9am to 2pm The Star Gallery The Star Performing Arts Centre Level 3 $18 nett per person (includes tea break and bento lunch)
      55 words

  • Page 21 Advertisements
    • 1206 21 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) HPG SIN PKL BKK JKT SUR OCEAN SEAGULL 063K 60 14/11 16/11 24/11 19/11 ADVANCE PESCADORES 043 60 13/11 19/11 20/11 23/11 25/11 COSMIC
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    • 305 21 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 NYK RORO (ASIA) PTE. LTD. n
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    • 700 21 Tel: (65) 6470 9100 Fax: (65) 6235 3623 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com WALLENIUS WILHELMSEN LOGISTICS AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN SALOME FF636 23/10 27/10 29/10 31/10 06/11 12/11 TAMESIS FF638 14/11 18/11 20/11 22/11 28/11 05/12 TONSBERG FF639 21/11 25/11 28/11 30/11
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  • OPINION
    • 565 22 EDITORIAL THE cyber attack on the UK-based Tesco Bank over the weekend highlights once again the need to be vigilant while online. As Prime Minister Lee Hsien Loong said at the recent GovWare conference, everybody needs to practise good cyber
      565 words
    • 650 22  -  THE BOTTOM LINE By David Marsh T The writer is managing director of the Official Monetary and Financial Institutions Forum THE celebrated melody “Hotel California” by the Eagles featuring the lyrics “You can check out any time you like, but you can never
      650 words
    • 1391 22  -  Trump wins contentious US election for president, but globalisation loses with a bitterly divided electorate. BY DAVID DAPICE BY DAVID DAPICE T The writer is economist of the Vietnam Programme at Harvard University's Kennedy School of Government YALEGLOBAL ONLINE Medford IT’S Brexit all over again. Donald
      YALEGLOBAL ONLINE; PHOTO: AFP  -  1,391 words
    • 891 23  -  COMMENTARY By Judy Hsu T The writer is CEO of Standard Chartered Bank, Singapore BIG data. Cloud infrastructure. Blockchain. These terms have infiltrated our day-to-day vocabulary. Technology is now part of our daily lives, and an important part of our business in the financial
      891 words
    • 959 23  -  By Thomas L Friedman NYTIMES I BEGAN election night writing a column that started with words from an immigrant, my friend Lesley Goldwasser, who came to America from Zimbabwe in the 1980s. Surveying our political scene a
      NYTIMES  -  959 words
    • 1075 23  -  A critical question now is how Trump can bring about political reconciliation in a country more divided than ever in living memory. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at the Centre for International Affairs, Diplomacy and Strategy at
      PHOTO: NYTIMES  -  1,075 words
    • 594 23  -  By John Kornblum T The writer is a former US ambassador to Germany, senior counsellor at Noerr LLP, and a member of the official Monetary and Financial Institutions Forum advisory board NOVEMBER 9 seems fated to be a date that
      594 words


  • DESIGN
    • 826 24  -  The Korean skincare line’s boutique in Seoul gives artists free rein to interpret a Korean tale, and adds wow inside and out. BY CHEAH UI-HOON uihoon@sph.com.sg IT’S been a banner year for Sulwhasoo, Korea’s leading skincare brand. Not only did it unveil its ul-tra-designer
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    • 944 24  -  By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT THE furniture brand Ghyczy (say git-sy) may not ring a bell, but it has fans in renowned fashion designer Karl Lagerfeld, the royal family of the Netherlands and, soon, the who’s who of Singapore. Founder Peter Ghyczy started
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  • Page 24 Miscellaneous
    • 343 24 CRYPTIC CROSSWORD Across 1 Popular flower used as avatar, perhaps (11) 9 Fail to pay for fallback position (7) 10 Plod’s correct about Director-General! (6) 12 Personal promotion of European tour about to advance (3,4) 13 Fighting fund, etc, now no longer in use (7) 14 Criminalised, and collecting litter
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  • DINING OUT / WINE
    • 999 25  -  The best thing so far is dessert a lovely olive oil ice cream with honey mascarpone and torn bits of parsley sponge. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Monti 82 Collyer Quay, Fullerton Pavilion Tel: 6535 0724
      PHOTOS: JAIME EE  -  999 words
    • 1153 25  - To open or not to open that bottle By NK Yong A Time to Live and a Time to Die. That is the title of a 1985 film directed by Hou Hsiao-Hsien, which won the 1986 Berlin International Film Festival. It also aptly applies to a bottle of wine, however
      PHOTO: NK YONG  -  1,153 words

  • REVIEWS / ENTERTAINMENT
    • 654 26  -  Actor-director doesn’t believe his new drama Soul Mate would only appeal to women even with its female-centric plot. BY DYLAN TAN BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT HAVING been in front and behind the camera, Derek Tsang knows what it is like to be both actor
      654 words
    • 493 26  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT GUYS, don’t panic if your other halves suggest catching Soul Mate this weekend. Yes, it might look like a chick flick on paper but know that it is also not the sappy sort girls watch while passing around a
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    • 556 26  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT LOVE stories, more often than not, tend to be cringe-worthy affairs when put in the hands of commercial directors. Indie filmmakers, however, tend to be more adventurous; and two upcoming works at the Singapore International Film Festival which explore
      556 words
    • 467 26  -  By Avanti Nim avantin@sph.com.sg SUPERHEROES in fiction are a dime a dozen. Batman, Superman, and even Aquaman are household names, well-respected for their dedication to saving lives in extraordinary circumstances. Why, then, do we not glorify our real-life superheroes the same way? Korean non-verbal comedy performance
      467 words

  • ARTS
    • 1023 27  - SRT’s boss bares his soul and himself Singapore Repertory Theatre artistic director Gaurav Kripalani takes off his clothes for his new role as an actor. BY HELMI YUSOF BY HELMI YUSOF GAURAV Kripalani is not eating carbs. For his lunch at the Montreux Jazz Café in Pan Pacific Orchard, he
      PHOTO: KEVIN YANG  -  1,023 words
    • 635 27  -  SINGAPORE WRITERS FESTIVAL By Cheah Ui-Hoon uihoon@sph.com.sg ONE of the poems the American public might commonly associate with 9/11 was ironically, not written after the terror attacks. Pulitzer Prize winner Vijay Seshadri was actually thinking of a close family friend whom he
      PHOTO: BEOWOLF SHEEHAN  -  635 words
    • 589 27  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT ENG-MA-CHIN. It’s not a word most of us are familiar with, even if it does phonetically sound like “imagine”. But there was a time when post-World War II Singapore writers wondered what a true Singapore language would
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  • BT Lifestyle
    • 1792 28  -  Ground-breaking documentary shows the island’s rich biodiversity, so much so that NParks takes a conservation-minded approach in developing Thomson Nature Park. BY CHEAH BY CHEAH UI-HOON uihoon@sph.com.sg After having lived in Singapore for 25 years, executive producer Jocelyn Little knew there was something
      PHOTOS: NATIONAL PARKS BOARD; PHOTO: SHAUN SPYKERMAN; PHOTOS: BEACH HOUSE PICTURES; PHOTO: NATIONAL PARKS BOARD  -  1,792 words
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