The Business Times, 2 December 2016

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Total Pages: 53
1 25 The Business Times
  • 28 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION BLICATION businesstimes.com.sg fb.com/thebusinesstimes om/thebusinesstimes @BusinessTimes CO REGN NO *****2868E REGN N *****2868E MCI (P) 037/12/2016 Friday, December 2, 2016
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  • Article, Illustration
    211 1 SMRT Trains, one of its directors and a former employee are charged in relation to the track accident on March 22 in which two SMRT employees were killed. TOP STORIES 2 China’s manufacturing sector continues to do well in November on the back of a pickup in overseas
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  • 26 1 Thursday Change STI 2,904.02 +24.88 KL Comp 1,626.44 +7.32 Nikkei 225 18,513.12 +204.64 Hang Seng 22,878.23 +88.46 Shenzhen B 1,169.26 +6.50 Dow(10.45am EST) 19,188.61 +65.03
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  • 937 1  -  Oil-linked stocks rally on SGX; analysts caution that outlook is still challenging, as oil majors are not spending By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore OIL-AND-GAS stocks on the Singapore Exchange (SGX) rallied on Thursday, after oil cartel Opec
    Source: Bloomberg; Source: Baker Hughes US oil and gas rotary rig count, Bloomberg; PHOTO: REUTERS  -  937 words
  • 797 1  -  CMON’s placing of 323m shares at HK$0.23 apiece gives the company a market capitalisation of HK$415.4m By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CMON, a local tabletop games publisher behind popular games Zombicide and Arcadia Quest, has come onboard the Hong Kong stock
    PHOTO: CAROLINE CHIA/THE STRAITS TIMES  -  797 words
  • Page 1 Advertisements
    • 40 1 *****1 *****1 THE BUSINESS TIMES BESPOKE LUXE Luxury takes on a new spin as it moves beyond brand loyalty to the pursuit of unique experiences The BTLuxe Christmas 2016 magazine comes with today’s BT. Read it online too at bt.sg/btluxe
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    • 16 1 CLIMBING UP THE CHARTS Local indie acts at the top of their game BT LIFESTYLE 23
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    • 46 1 HOCK LOCK SIEW Dec impact on Reits unlikely as US rate hike already priced in companies markets 6 ikey as US rate hike NIES MRKETS 6 COMMERCIAL PROPERTY Heartland Mall-Kovan, Havelock II units sold for nearly S$250m REAL ESTATE 17 ERTY avelock II units sold ESTATE/17
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    • 19 1 O&M will take years, post-oil rebound, to make a turnaround, Page 2 Hangover awaits as Opec celebrates, Page 12
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  • TOP STORIES
    • 539 2  -  Sacked leader of the track-inspecting team also charged, with causing death by negligence By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SMRT Trains, one of its directors and a former employee have been charged by the Attorney-General’s Chambers (AGC) in relation to
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    • 562 2  -  Geopolitical risks, overcapacity and regulatory challenges will also stymie a quick recovery: industry By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore EVEN with the prospect of oil mar-ket-rebalancing looking up with the agreement by Opec to cut production, investors are going
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    • 584 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore FINANCE Minister Heng Swee Keat was at the Treasury building on Thursday to co-chair the fifth and final meeting of the Committee on the Future Economy (CFE). This was the first time the 55-year-old
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    • 413 2  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Monetary Authority of Singapore (MAS) said on Thursday that up to S$2 billion of 10-year Savings Bonds will be offered in 2017. The first Savings Bond of 2017 will be
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    • 449 4  -  Malaysian minister cites scheduling and administrative issues for the delay; possible new date is around Dec 21 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE and Malaysia will have to wait a little longer to sign a bilateral agreement for the planned high-speed rail (HSR) project
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    • 582 4 He signals for the first time he may bring forward polls not due till mid-2018 in bid to maintain Umno supremacy AFP REUTERS Kuala Lumpur MALAYSIA will hold polls soon, embattled Prime Minister Najib Razak said on Thursday, vowing “to fight
      AFP; REUTERS; PHOTO: AFP  -  582 words
    • 1020 4 Many appointees come from old money. The issue now is whether they will craft policies favouring the rich WP Washington WHEN George W Bush assembled his first Cabinet in 2001, news reports dubbed its members a team of millionaires, and government
      WP  -  1,020 words
    • 549 5  -  By Neil Behrmann btworld@sph.com.sg London THE eurozone is heading for a highly uncertain, early December week, due to an Italian referendum and Austrian presidential election on Sunday. To top it all, Greek debt talks with the European Union (EU) and other creditors take place
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    • 637 5  -  But there’s a gap between state-backed firms and smaller ones; inflationary pressures are building up By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S manufacturing sector continued to perform well in November on the back of a pickup in overseas and domestic demand. However, the figures
      PHOTO: AFP  -  637 words

  • Page 3 Advertisements
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    • 11 4 Wall Street back in favour with Trump cabinet picks, Page 11
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  • Page 5 Advertisements
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  • COMPANIES & MARKETS
    • 835 6  -  The bigger question is what will happen in 2017 amid uncertainty on the Trump policy front HOCK LOCK SIEW BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT IT seems like investors of real estate investment trusts (Reits) have already priced in
      Source: Bloomberg  -  835 words
    • 366 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MAINBOARD-LISTED YuuZoo Corporation said on Thursday that it has penetrated the Indian market by selling a regional franchise licence to a local digital solutions firm called iComp Digital Media. iComp Digital Media is part of iComp Solutions
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    • 410 6  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GLOBAL Logistic Properties Limited (GLP) is undertaking a strategic review of options available to enhance shareholder value, following a request from its largest shareholder GIC. It has appointed JP Morgan (SEA) Limited as its financial adviser and constituted
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    • 615 6  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE Press Holdings (SPH) is on the lookout for “bigger projects” to support the group’s overall business, chairman Lee Boon Yang said, citing declining core media business. “As revenue from core media business is continuing to decline,
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  615 words
    • 560 7  -  Mitigating factors include industry’s improved debt-maturity profile since the global financial crisis By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE credit quality of Moody’s-rated Singapore real estate investment trusts (S-Reits) will come under pressure over the next 12-18 months as their leverage weakens
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    • 354 7 BLOOMBERG Singapore DBS Group Holdings Ltd has cut at least 12 roles across Asia at its brokerage unit the latest bank to shrink its trading desk as volumes slump. DBS Vickers Securities is rationalising its institutional business unit as it seeks to be “more
      BLOOMBERG  -  354 words
    • CORPORATE DIGEST
      • 89 7 MAINBOARD-LISTED Q&M Dental Group (Q&M) said it has received approval for the quotation of shares of Aidite on the new third board from China’s National Equities Exchange and Quotations Co. Aidite is Q&M’s China manufacturing business conducted through its indirect unit, Qinhuangdao Aidite High Technical Ceramic Co.
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      • 93 7 MIDAS Holdings Limited said its subsidiary, Jilin Midas Aluminium Industries Co Ltd, has been awarded five international and China supply contracts worth RMB232.1 million (S$48.27 million). The two supply contracts from China were awarded by CRRC Changchun Railway vehicles Co Ltd for Wuhan Metro Line 7 and Chongqing Rail
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      • 108 7 allied Technologies Limited said it plans to undertake a transfer of its listing from the mainboard to the Catalist. The company’s current trading price is significantly below the S$0.20 minimum trading price requirement imposed on mainboard-listed companies. The group said it would have to carry out substantive corporate
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      • 72 7 EPICENTRE Holdings Limited has entered into a memorandum of understanding (MOU) to negotiate exclusively with the owners of Japan IPL Holdings Pte Ltd on a potential cooperation, joint venture or acquisition. Japan IPL Holdings Pte Ltd and its subsidiaries are in the business of hair removal and
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      • 89 7 THERE will be no changes to the constituents of the Straits Times Index, following the December quarterly review, FTSE Russell said on Thursday. The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be (in order of size) Suntec REIT,
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    • Article, Illustration
      63 8 STI Catalist Straits Times Index Dec 1,2016 2,928.58 +23.41 (+0.81%) Current streak 8 days Day high 2,928.58 Day low 2,912.23 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Dec 1,2016 447.75 +2.10 (+0.47%) Current streak 1 day Day high 448.40 Day low
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    • 634 8  -  Index closes 23.4 points higher for eighth consecutive rise; turnover healthy at 2.3 billion units worth S$1.67 billion STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ANOTHER firm session for the Straits Times Index (STI) thanks to a rise in oil prices and a
      Source: Bloomberg  -  634 words
    • 305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 235 unch 237/233 257 209 6.5 6587.6 CapitaCom Trust 153.5 +0.5 155/152 164 127 5.6 4549 CapitaLand 308 unch 311/307 340 280 12.3 2.9 *****.7 CapitaMall Trust 193 -2 195/191.5 225 185
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    • 35 8 STI FTSE ST All-Share FTSE ST All-Share index Dec 1,2016 715.58 +4.88 (+0.69%) Current streak 8 days Day high 715.58 Day low 712.74 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE index NOV 30,2016 1,629.67 -1.94 (-0.12%) Current streak 1 day Day high 1,641.44 Day low 1,624.33 52-week high 1,753.86 (Dec 1, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 4 1 0 0 7 5 4 Manufacturing 38 35 24 10 9 5 48 44 29 Commerce 19 17 10 4 4 4 23 21 14 Tpt/Stor/Comms 15 8 6
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    • 77 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 377.4 2.2 *****/***** DBXT China50 US$ 3158 50.0 1.1 3268/2355 Keppel Corp 589 44.0 8.1 665/464 JMH USD 5448 40.0 0.5 6371/4500 DBXT MSTHAI US$ 1921 35.7 1.3 2107/1419 BY PERCENTAGE CLOSE UP 52w high/low ASL Marine R 0.5
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    • 75 8 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSing SG$ ***** -381.0 -2.7 *****/***** GLD US$ ***** -280.2 -1.7 *****/***** DBXT iBoxxIDR US$ 1026 -108.6 -6.9 1136/977 DBXT ASX200 US$ 3512 -61.5 -1.2 3621/2900 DBXT MSKorea US$ 5519 -37.2 -0.5 6041/4629 BY PERCENTAGE CLOSE DOWN 52w high/low Lasseters Intl 4.1
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    • 79 8 VOL CLOSE($) CHANGE Natural Cool 394.7 0.095 +0.022 +30.14 Astaka 445.1 0.225 +0.015 +7.14 BH Global 20.1 0.260 +0.040 +18.18 MarcoPolo Marine 414.0 0.052 -0.008 -13.33 BlueSkyPower 30.0 0.120 +0.009 +8.11 SingMyanmar 2,076.3 0.570 -0.040 -6.56 BBR 477.1 0.180 -0.014 -7.22 ABR 723.0 0.700 -0.030 -4.11 Nam Cheong
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    • BROKERS’ TAKE
      • 189 8 Regional Oil-and-Gas Neutral Maybank Kim Eng Research, Dec 1 OPEC’s agreement among its members to a detailed output cut of 1.2 million bpd is sentiment positive, resulting in a rally in oil price. The cut will commence in Jan 2017, lasting six months (contingent on cooperation with non-Opec producers). That
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      • 158 8 Dec 1 close: S$0.96 Target price: S$0.75 OCBC Investment Research, Dec 1 According to a Japanese news source and Bloomberg, after yesterday’s deliberation, the ruling party looks to pass the bill in the lower house plenary session on Dec 6, after which it will go to the
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      • 152 8  - CapitaLand Add Compiled by Jamie Lee Dec 1 close: S$3.08 Target price: S$4.17 CIMB Research, Nov 30 Our visit to some of CapitaLand’s projects in Guangzhou, Shenzhen and Vietnam showed that on-ground activities continued to be fairly vibrant. To drive group ROE (return on equity) expansion, CapitaLand intends to continue
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    • 33 8 VOLUME Noble 562,318,400 Ezion 119,250,600 Ezra 59,812,100 KrisEnergy 57,734,100 SunMoon Food 49,588,300 Market volume 2,302,731,000 VALUE DBS Grp 203,257,389 Keppel Corp 140,220,310 UOB 112,038,748 Noble 91,226,993 SATS 83,342,976 Market value 1,632,087,000
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    • 110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US672 +1 3263 674/668 772/441 671/672 84 STI ETF 296 +1 375 297/295 300/254 296/297 DBXT MSPHILS US$ US176.3 +1.5 240 177.3/175.4 222.5/158.5 176.5/177.2 14.1 Nikko AM STI ETF 303 +1 113
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    • 77 8 Dec 1 VALUE CLOSE BT OB/OS -124.00 +30.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 684.55 +0.09 FTSE ST Small Cap 385.26 +2.31 FTSE ST All Share 715.58 +4.88 FTSE ST China Top 161.28 +1.73 FTSE ST China 200.76 +0.97 FTSE
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 49,399 437 49,836 210,386 72 210,458 Manufacturing 208,025 60,175 268,200 204,444 2,894 207,338 Commerce 639,300 35,684 674,984 196,828 699 197,527 Tpt/Stor/Comms 127,773 220 127,993 159,239 21 159,259 Finance 27,663 107 27,770 389,787 16 389,803 Construction
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    • 424 9 CURRENCIES REUTERS London A PERCEIVED crack in Britain’s “hard Brexit” line on leaving the European Union dominated trading on major currency markets on Thursday, driving the pound one per cent higher and helping spur a retreat in broader measures of the US dollar’s strength.
      REUTERS  -  424 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Dec 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.992 5.103 0.697 5.741 50.629 100.452 0.845 8.656 3.307 1.044 77.560 36.816 1.058 10.345 0.752 23.615 26.423 0.590 0.740 Canada 1.008 5.146
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      • Article, Illustration
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      • Article, Illustration
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      • 155 9 Dec 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0578 1.0589 0.7400 0.7405 Canadian dollar 1.0668 1.0675 0.7465 0.7463 Euro 1.5174 1.5182 1.0615 1.0617 NZ dollar 1.0132 1.0142 0.7088 0.7092 Sterling pound 1.7926 1.7939 1.2540 1.2545
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      • 22 9 Dec 1 S$ Bid Offer 1-month 1.4293 1.4300 2-months 1.4292 1.4301 3-months 1.4292 1.4301 6-months 1.4291 1.4301 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 205 9 Most active Dec 1 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Charisma EnergyServicesW*****8 0.3 ***** 1 0 -50 2.00 59 KepCorp MB eCW*****6 5.8 2.7 6935 0.2 600 3 DBS MB eCW*****3 17.3 4870 0.1 1800 7 UOB
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Nov 30 Index Change Change Change Change Change Change World Preliminary 1332.4 0.2 4.3 0.4 4.2 0.1 3.2 EAFE Preliminary 993.0 0.3 -2.0 0.2 -4.1 -0.1 -5.0 Europe Preliminary 1389.7 0.4 -1.6
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      • 392 9 Dec 1 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.50 *****.50 *****.50 *****.00 *****0 *****8 Jan17 *****.00 *****.50 *****.50 *****.00 1710 2542 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 *****1 *****7 Mar17 *****.00 *****.00 *****.00 *****.00 9812 ***** MSCI TAIWAN
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    • BANK RATES
      • 154 9 Dec 1 $S Offer Bid 0vernight 0.03 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.03 US$ Offer Bid 7 days 0.58 0.48 1 month 0.75 0.65 2 months 0.85 0.65 3 months 1.00 0.80 6 months 1.40 1.20 9 months 1.55 1.35 12
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      • 69 9 Dec 1 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.93 104.96 104.94 5-Year N*****0Z 1.250 01-Oct-21 97.74 97.88 97.75 10-Year NX*****F 2.125 01-Jun-26 98.09 98.28 98.15 15-Year NZ*****F 2.875 01-Sep-30 101.73 102.15 101.60 20-Year NZ*****X 2.250 01-Aug-36 91.78
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    • AGRI METALS ENERGY
      • 250 9 Nov-30 Price Net change change Last Trade Agricultural Nov-30 CBOT Soybeans (US cents/bu) 1032.25 -10.25 -0.98% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.79 0.43 1.18% 14/12/2016 CBOT Wheat (US cents/bu) 380.50 -3.50 -0.91% 14/12/2016 Nov-30 LIFFE Cocoa (£/tonne) 1964.00 -29.00 -1.46% 13/12/2016 LIFFE Coffee (US$/tonne) 2050.00 unch 0.00%
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    • 1808 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 130 +0.5 1502 131 128 0.9 8.7 828.5 C'vr 172.5 101 ARA Asset Mgmt 169.5 +1 897
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    • 291 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap HiBh LOW Company Sale 19.9 8.3 t Anchor Resources 9.3 +0.2 1818 9.3 9.1 28.9 High C'vr P/E 10.2 6.3 t 3Cnergy 6.5
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    • 138 10 ON THIS OPPORTUNITY 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3158 +35 17 3160 3117 8.7 422 190 DBXT MSBrazil US$ US372 +6 14 372 372 1388 995 DBXT
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  • Page 6 Advertisements
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  • BANKING & FINANCE
    • 705 11 Swiss bank wants to show that any hidden accounts are a lapse in controls and not a criminal act, say sources BLOOMBERG Newark, New Jersey CREDIT Suisse Group AG has frozen dozens of accounts as it tries to determine if US
      BLOOMBERG  -  705 words
    • 748 11 AFP New York THE nominations of Steven Mnuchin and Wilbur Ross to the Trump cabinet on Wednesday positions Wall Street to exert renewed influence over the US economy after retreating somewhat in the Obama years. Mr Mnuchin, 53, president-elect Donald Trump’s
      AFP; PHOTOS: NYTIMES  -  748 words
    • 898 11 NYTIMES New York REGULATORS are airing “significant concern” about the millions of Americans who are falling behind on their car loans, even as auto lending continues to boom at a near record pace. On Wednesday, the Federal Reserve Bank of
      NYTIMES  -  898 words
  • Page 11 Advertisements
    • 30 11 OUT NOW AVAILABLE AT KINOKUN IYA, MPH TIMES BOOKSTORE. THE PEAK SELECTIONS: GOURMET AND TRAVEL DIGITAL EDITION IS AVAILABLE ON MOBILE DEVICES CONNECT WITH THE PEAK AT WWW.THEPEAKMAGAZINE.COM.SG THEPEAKSINGAPORE GOURMETANDTRAVEL
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  • ENERGY & COMMODITIES
    • 897 12 Cheating by members is one reason not to get too delirious about the production cut BLOOMBERG London LET Opec celebrate. For now. The oil club is dizzy with its own success after a harmonious meeting in Vienna, where it surprised the world by agreeing to
      BLOOMBERG  -  897 words
    • 734 12 Brussels is seeking to set market prices as close to real time as possible REUTERS Brussels EU REGULATORS set a path on Wednesday for renewables to power half of Europe by 2030, with plans to cut energy use, phase out subsidies for
      REUTERS; PHOTO: REUTERS  -  734 words
  • Page 12 Advertisements
    • 1299 12 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg TURNER OVERSEAS BUSINESS COMPANY S.A. (Involuntary Liquidation) Company No. (*****06) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 18th October, 2016.The
      1,299 words
    • 1085 12 NOTICE OF CREDITORS' MEETING IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CCM INDUSTRIAL PTE LTD (IN LIQUIDATION) UEN NO: *****0378C (THE "COMPANY") COMPANIES WINDING UP NO. 69 OF 2014 NOTICE TO CREDITORS Take notice that a meeting of creditors in the above matter
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  • Page 13 Advertisements
    • 39 13 LEAVE YOUR CAR AT HOME. DON’T DRIVE TO DRINK, AND YOU WILL NEVER DRINK AND DRIVE. This community service message is brought to you by SGCARMART IS PROUD TO BE THE OFFICIAL PARTNER OF THIS YEAR’S ANTI-DRINK DRIVE CAMPAIGN.
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  • TECHNOLOGY
    • 923 14 New system allows vendors to bid for any government purchase and is designed to leave a digital trail BLOOMBERG New Delhi INDIA’S Prime Minister Narendra Modi plans to move all government purchases, from paper clips to power plant turbines, to an Amazon-like online marketplace
      BLOOMBERG  -  923 words
    • 983 14 Operation was a new and belligerent escalation by Moscow in the cyber domain, says chairman BLOOMBERG Washington RUSSIA’S government didn’t just hack and leak documents from US political groups during the presidential campaign; it used social media as a weapon to influence
      BLOOMBERG; PHOTO: BLOOMBERG  -  983 words
  • Page 14 Advertisements
    • 44 14 “Told with charm, wit and some angst, this book is an unreserved assessment of Malaysia at one of its most crucial points in history.” MERVIN NAMBIAR Agence France-Press director of commercial operations in the Asia-Pacific Now on sale at all major bookstores and www.stpressbooks.com.sg
      44 words
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  • CONSUMER
  • Page 15 Advertisements
    • 284 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WINWAVE INVESTMENT PTE LTD (Co. Reg. No.: *****7452R) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that a final meeting of the
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    • 412 15 In the Matter of THE COMPANIES ACT (CHAPTER 50) AND In the Matter of AAJ BUNKYO PTE. LTD. (Co. Reg. No.: *****5885N) (In Member's Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50, the final meeting of the
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    • 855 15 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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  • REAL ESTATE
    • 444 16 Annual growth in prices surged to 9.3% in November, from 7.5% in October REUTERS Sydney AUSTRALIAN home prices rose for the 11th straight month in November and the annual pace of growth quickened noticeably, a red flag to policy makers concerned about the risk of
      REUTERS; PHOTO: REUTERS  -  444 words
    • 370 16 REUTERS Beijing A CHINESE government think tank has identified 35 major cities with over-valued property markets, saying they face more severe risks of falling home prices than seen in previous property boom cycles. Among the 35 major
      REUTERS  -  370 words
    • 570 16 BLOOMBERG Hong Kong HONG Kong developer stocks have gone from being the top performers to the worst, slammed by home price curbs and the expectation of rate hikes following Donald Trump’s win in the US presidential election. Developers surged
      BLOOMBERG; PHOTO: BLOOMBERG  -  570 words
    • 207 16 BLOOMBERG London UK house prices resumed their gains in November as demand strengthened, Nationwide Building Society said. Prices increased 0.1 per cent on the month and 4.4 per cent from a year earlier, Nationwide said on Thursday. Tight supply conditions are likely to
      BLOOMBERG  -  207 words
    • 693 17  -  Alpha investment Partners fund sells properties to Master Contract Services for S$250m By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE lower three levels of the four-storey Heartland Mall-Kovan and two strata retail units at Havelock II near Chinatown are being sold for
      PHOTO: HEARTLAND MALL-KOVAN WEBSITE  -  693 words
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  • Page 17 Advertisements
    • 803 17 D04 HOUSE FOR SALE SENTOSA COVE Only $11.xM! Open House Daily 3pm~6pm Sentosa Brand new! 8570 sqft Huge 5 bedrooms. Nice. Sky pool. Don’t miss! Call Lionel 9061 1592 9848 3062 Propnex D04 HOUSE FOR SALE SENTOSA COVE Star Buy! $11.xM Brand New 8574sf. New listing, extraordinary masterpiece hse, ranked
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  • TRANSPORT
    • 1261 18 It is the latest example of how the fabled efficiency and competence of some major German companies have fallen into crisis NYTIMES Berlin LUFTHANSA was once a proud symbol of Germany Inc, standing for the quality and smooth functionality of Europe’s No 1
      NYTIMES; PHOTO: BLOOMBERG  -  1,261 words
    • 364 18 REUTERS Beijing CHINA will impose an extra 10 per cent tax on supercars and other luxury models costing 1.3 million yuan (S$269,300) and above, in a bid to rein in lavish spending and to reduce emissions, the ministry of finance says. The
      REUTERS  -  364 words
    • 386 18 REUTERS Copenhagen AP MOLLER-MAERSK has agreed to buy German rival container shipping line Hamburg Süd, sending shares in the Danish shipping company up nearly 5 per cent. The deal highlights a push towards consolidation in the container shipping industry, which has been
      REUTERS  -  386 words
    • 932 18 BLOOMBERG Chicago GENERAL Motors Co stands to lose as much as US$9,000 on every Chevrolet Bolt that leaves a showroom once the all-electric subcompact starts rolling out. Sounds crazy, but the damage makes perfect business sense under the no pain,
      BLOOMBERG; PHOTO: REUTERS  -  932 words
  • Page 18 Advertisements
    • 284 18 QAP CAPITAL PTE. LTD. CO. REG. NO. *****8917H NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT at an Extraordinary General Meeting of the Company duly convened and held at 55 Market Street #06-01 Singapapore *****1 on the 23rd day of November 2016 at 6:00 pm the following Special Resolutions were
      284 words

  • GOVERNMENT & ECONOMY

  • OPINION
    • 576 20 EDITORIAL GLOBAL stocks have rallied since the US presidential election on Nov 8, led mainly by Wall Street where the Dow Jones Industrial Average crossed 19,000 last week for the first time in history, up 7 per cent since
      576 words
    • 798 20  -  THE BOTTOM LINE By J J Bradford DeLong TThe writer, a former deputy assistant US Treasury secretary, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research PROJECT SYNDICATE Berkeley I RECENTLY heard
      PROJECT SYNDICATE  -  798 words
    • 1424 20  -  As Asian-Americans continue to trend Democratic, Republicans hope they’ll return home. President-elect Trump’s pick of three women from the community for his Cabinet could help By Leon Hadar Washington VETERAN Republican politicos recall that it was not so long ago when Asian-Americans were
      PHOTO: AFP  -  1,424 words
    • 990 21  -  COMMENTARY By Goh Swee Chen T The writer is chairman of the Shell companies in Singapore IN 1965, Singapore’s nominal gross domestic product (GDP) per capita was around US$500, similar to that of Africa at the time. Fast forward 50 years, in
      990 words
    • 873 21  - Beyond making and selling products rethinking CPG brands in a digital age COMMENTARY By Teo Correia TThe writer is senior managing director at Accenture Consumer Goods Services UNTIL recently, CPG (consumer packaged goods) companies could rely on a time-tested formula to create brand loyalty: provide a trusted, competitively priced product,
      873 words
    • 1082 21  -  Very difficult to persuade global trading community to not buy commodities extracted in conflict zones by political players who use earnings to wage war and prolong conflict in troubled places. BY HARISH MEHTA T The writer, a former BT
      PHOTO: FREEIMAGES  -  1,082 words


  • Page 22 Advertisements
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    • 244 22 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 292 BST032 03/12/2016 04/12/2016 Buatan/Buatan DAILY Marco Polo 298 PRW075 03/12/2016 04/12/2016 Perawang/Perawang DAILY Marco Polo
      244 words

  • BT Lifestyle
    • 1767 23  -  Homegrown talents like Mandopop newcomer Mandy Ke, producer-composer Evan Low and singer-songwriter Charlie Lim are giving international and more established musicians a run for their money as their songs and albums climb up the charts. BY DYLAN TAN BY DYLAN TAN
      PHOTO: JENSEN CHING  -  1,767 words
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    • 20 23 ARTS Distilling lessons in corporate leadership from Shakespeare 24 ENTERTAINMENT Director Darren Aronofsky explains why he makes dark films 26
      20 words
    • 26 23 T For more information, check charlielim.net. The vinyls will be restocked at RetroCrates, The Analog Vault, Roxy Disc House, House Of Turntables, Naiise, and Memphis Music
      26 words

  • ARTS
    • 633 24  -  Theatre company Bell Shakespeare works with Heidrick Struggles for this effort. BY CHEAH UI-HOON BY CHEAH UI-HOON uihoon@sph.com.sg IN Shakespeare’s plays, King Richard II believed in the “divine right to rule”; King Henry IV was the autocratic leader while his successor, King Henry
      PHOTOS: HEIDRICK & STRUGGLES  -  633 words
    • 1008 24  -  By Cheah Ui-Hoon uihoon@sph.com.sg ALMOST everywhere that he’s had an exhibition, Chinese artist Su Xiaobai has people asking him: “Is your work a painting or an object? Or an installation?” “Wall relief” would probably be the most accurate description of his lacquer paintings
      1,008 words
    • 294 24  -  By Cheah Ui-Hoon WHILE some foreign and local galleries have pulled out of Singapore or scaled down their space, Hong Kong’s Pearl Lam Galleries opened a second gallery space on the island, this time at Dempsey Hill. With her first gallery unveiled in Shanghai in
      294 words
    • 370 24  -  By Cheah Ui-Hoon SHAKESPEARE’S Julius Caesar embraces characters with differing leadership styles, and in the midst of political turmoil, they demonstrate more frailties than strengths. Julius Caesar, as the chairman or executive chairman Success went into his head and he becomes vain and disconnected from the
      370 words

  • DINING OUT/ENTERTAINMENT
    • 1155 25  -  Fat Prince and Ottoman Room both serve Turkish cuisine but one pulls it off better than the other. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Fat Prince/Ottoman Room 48 Peck Seah street Tel: 6221-3683 Open for lunch and dinner, Tues to Sat (Fat
      PHOTOS: JAIME EE; PHOTOS: OTTOMAN ROOM  -  1,155 words
    • 539 25  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT YOU’D never know when being funny can come in handy but comedian Bill Bailey has used it to get out of a tricky situation or two. Like in 2011 when he was booked as one of the headliners at rock
      PHOTO: ALVIN HO  -  539 words
  • Page 25 Advertisements
    • 61 25 Superstar Hong Kong’s Best Chef The one and only HARLAN r (LDSTEI 13 Dec 17Dec2 BOOK NOW +65 8723 6378 marketing.onefullerton@usquba.co 7' LADIES LUNCHES EAT FREE 4 eat 1 free, 5 eat 2free 6 eat 3 free, Weekdays Only $38 25 off all drinks Happy Hour 1-FORT Housepour Specials Weekdays
      61 words

  • ENTERTAINMENT/WINE
    • 833 26  -  Director Darren Aronofsky explains why he makes dark films such as Black Swan and Requiem For A Dream. BY HELMI YUSOF helmi@sph.com.sg @HelmiBT THERE are no happy endings in a Darren Aronofsky film, no comic relief, and very little romance. It’s as if
      PHOTO: MARINA BAY SANDS; PHOTO: REUTERS  -  833 words
    • 1056 26  -  By NK Yong A WINE drunk at dinner a few evenings ago struck a chord in my memory bank. It was Jaboulet’s Hermitage La Chappelle 1982. I was reminded of Gerard Jaboulet, general manager and a member of the family that owned
      PHOTO: NKYONG  -  1,056 words
  • Page 26 Advertisements
    • 26 26 Everything, plus the Kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 26 Miscellaneous
    • 335 26 CRYPTIC CROSSWORD Across 7 Sailor following fine friend around to get something for tea? (8) 9 A swine almost keeping quiet that’s unexpected (6) 10 Put favourable slant on cricketer’s skill? (4) 11 Edgy orator at work that’s critical (10) 12 Disorganised lot in game played on board with first
      335 words

  • REVIEWS
    • 664 27  -  Nocturnal Animals is a well-structured revenge thriller, blending fictional and real worlds into a seamless whole. BY GEOFFREY EU BY GEOFFREY EU THE art, literary and real worlds collide in Nocturnal Animals, a movie that is an intense and disturbing combination
      PHOTO: REUTERS; PHOTO: AFP  -  664 words
    • 601 27  -  By Geoffrey Eu RENÉ Redzepi doesn’t do simple. The creative force behind Noma, a game-changing Copenhagen restaurant founded on the principle of connecting to the seasons through foraging, is on a long-term mission to challenge himself and his team, reinventing his restaurant whenever and
      601 words
    • 513 27  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THANK goodness for Cyber Monday sales of footwear in Singapore must have spiked given how many pairs were unceremoniously destroyed over the weekend at Neon Lights 2016 by the adverse weather conditions. The second edition of the homegrown music
      PHOTOS: COURTESY OF NEON LIGHTS  -  513 words

  • Page 28 Advertisements
    • 100 28 Do you have the courage to be the next Businessman of the Year? Email your nominations (full name, designation, company and category) to anglcc@sph.com.sg, or call Christine Ang at 6319 5119. Closing date is 16 December 2016. Having the courage to break boundaries is one of the key qualities that
      100 words

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  • L BTLUXE CHRISTMAS 2016
    • Article, Illustration
      87 2 editor’s note 06 LUXURY~ REDEFINED gifts 08~~ MAKING~~ A~~ LIST,~ CHECKING~~ IT~~ TWICE Still~~ racking~~ your~~ brains~~ thinking~~ about~~ what~~ to~~ get~~ for~~ Christmas?~ The~ items~ here~~ are~~ perfect~~ for~~ those~~ who~~ have~ been~~ nice~~ this~~ year jewellery 10 STYLISH~ CUTS High-end~~ jewellery~~ gets~~ more~~ innovative,~ with~~ new~~ materials~~
      PHOTOS: LOUIS VUITTON, POMELLATO  -  87 words
    • Article, Illustration
      116 4 travel 16 ITALY,~~ AT~~ YOUR~~ OWN~~ PACE Boutique~~ consultancy~~ Ergo:~ Travel~~ offers~~ a~~ leisurely~ but~~ in-depth~~ experience~~ of~~ the~~ country~~ perfect~ for~~ the~~ discerning~~ traveller wine 18 PALETTE~~ OF~ ARTISANAL~ WINES Nothing~~ is~~ rushed~~ when~~ it~~ comes~~ to~~ winemaking~~ at~~ Montalcino,~~ home~~ to~~ a~~ host~ of~~ good-quality~~ wines~~ that~~
      PHOTOS: HELMI YUSOF; COVER PHOTO: LEATHER TO BE USED FOR LOUIS VUITTON PRODUCTS; PHOTO: LA GERLA  -  116 words
    • editor’s note
      • 165 6  -  Jaime Ee Editor, BTLuxe Christmas UXURY used to mean one thing: if you had money, you could buy it. It’s a little bit different now, as conspicuous consumption gives way to a growing appetite for the story behind a hand made bag, artisan-weaved fabric, even a dining experience.
        PHOTO: CHRISTOPHER LIM  -  165 words
    • gifts
      • 658 8  -  Still racking your brains thinking about what to get for Christmas? The items here are perfect for those who have been nice this year. BY AVANTI NIM The Shoppes at Marina Bay Sands Don’t feel like fighting the crowds this festive season? The Shoppes
        658 words
    • jewellery
      • Article, Illustration
        665 10  -  High-end jewellery gets more innovative, with new materials and technical possibilities. BY CHEAH UI-HOON BY CHEAH UI-HOON IGH-END jewellery need not just be about how big that gemstone is, and the standH H ard classical settings such as diamond pave. New materials and techniques under the masterful designer’s
        665 words
    • cover story
      • Article, Illustration
        1527 13  -  Luxury aficionados are bypassing the latest “It” bag or diamond-encrusted timepiece in favour of the bespoke route beautifully handmade accessories meticulously crafted by traditional artisans. BY MAY YIP IE-DYE once synonymous with pasar malam (night market) wares, backpackers and schoolgirl projects might not come to mind when
        PHOTO: LOUIS VUITTON  -  1,527 words
    • travel
      • 1373 16  -  Boutique consultancy Ergo: Travel offers a leisurely but in-depth experience of the country perfect for the discerning traveller. BY HELMI YUSOF N A COLD winter resort in Turin, 12 Singaporeans are singing a medley of Beatles songs in a restaurant called Ristorante Del Falco. Starting
        ALL PHOTOS: HELMI YUSOF  -  1,373 words
    • wine
      • 1385 18  -  Nothing is rushed when it comes to winemaking at Montalcino, home to a host of good-quality wines that tantalise the palate with their different tastes. BY CHRISTOPHER LIM INE producers come in all shapes and sizes, but some regions seem almost custom-made for small artisanal producers.
        PHOTO: LA GERLA; PHOTOS: CAPANNA, CHRISTOPHER LIM; PHOTOS: POGGIO DE SOTTO, CHRISTOPHER LIM; PHOTO: LE MACIOCHE  -  1,385 words
    • dining
      • 1293 20  -  Restaurants in China are upping the ante as discerning gourmets look for more originality beyond cookie-cutter flavours and imported concepts. BY DAVID YIP concepts.by DAVID YIP The Upper Gallery, Chef Lance Yu 8, Bei Shaomao Jie L1-1247 Taikoo Li, Chengdu +86-134-0854-6220 The Upper Gallery known simply as
        1,293 words
    • watches
      • 791 22  -  Watchmakers are reviving their iconic timepieces and finding a new following for them. BY CHUANG PECK MING them.by CHUANG PECK MING S THE watch world grapples with the slowing economy and pressure to lower prices, some brands, including the big names, are looking inwards for ideas instead of
        791 words
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  • Page 3 Advertisements
    • 71 3 It’s a long journey to become the one. In our constant pursuit of absolute beauty, every Forevermark diamond undergoes a journey of rigorous selection. Endlea Forevermark and used under licence from The De Beers Group of Companies. Forevermark Limited 2016. Forevermark®, Marks Trade are This is why less than 1%
      71 words


  • Page 5 Advertisements
    • 178 5 THE BEST GIFTS DON'T ALWAYS FIT UNDER THE TREE. MAKE THIS A DECEMBER TO REMEMBER FOR YOU AND YOUR LOVED ONES. Celebrate Christmas with an unforgettable gift for the whole family. Beyond outstanding comfort, craftsmanship and performance, your brand new Lexus now comes with Gifts of Love and Joy. A
      178 words


  • Page 7 Advertisements










  • Page 17 Advertisements
    • 31 17 Ergo: Travel offers different tours to various regions of Italy throughout the year. It also offers customised itineraries. For more information, go to www.ergo-travel.com or e-mail HuangEu Chai directly at euchai@ergo-travel.com
      31 words






  • Page 23 Advertisements
    • 40 23 Stretch your weekend Get the best in travel, food, design, motoring and fashion, in-depth features, thought-provoking columns and insights of the week. Stretch your weekend with the new Business Times Weekend now. Subscribe now at btsub.sg/promo or call 6388 3838
      40 words

  • Page 24 Advertisements
    • 74 24 f ROLEX THE DAY-DATE 40 The international symbol of performance and success, reinterpreted with a modernised design and a new-generation mechanical movement. It doesn’t just tell time. It tells history. 'v OYSTER OLEX DAY-PATE 8 »>\ :V CERTIFIEft^ OYSTER PERPETUAL DAY-DATE 40 IN PLATINUM <c>> Cortinawatch MARINA SQUARE, #02-38. TEL:
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  • Page 25 Advertisements
    • 48 25 Own Excellence Discover the best of the best from Southeast Asia’s largest collection of luxury watch and jewellery brands. Find the perfect gift at The Shoppes and enjoy a personal shopping experience when you spend $2,000 from 9 Nov to 26 Dec. Terms and Conditions apply. #TheShoppesMBS MarinaBaySands.com/shopping
      48 words