The Business Times, 6 December 2016

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Microfilm: NL34122
Total Pages: 52
1 28 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Tuesday, December 6, 2016
    23 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    246 1 A greatly expanded role for the Asian Development Bank which would see the institution shift from its current core mission of poverty reduction to a much-wider role in helping Asia’s middle-income countries to manage their economic development was proposed in a report published on Monday. TOP STORIES 2
    246 words
  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 2,943.05 +23.68 KL COMP 1,624.97 -3.99 NIKKEI 225 18,274.99 -151.09 HANG SENG 22,505.55 -59.27 SHENZHEN B 1,153.15 -8.65 DOW (10.45am EST) 19,254.83 +84.41
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  • Article
    Lock icon Singapore bond market ending the year with a whimper
    1213 1  -  New issuances for the first 11 months down 15% from the corresponding period last year; full-year volume may be the slowest since decade began REVIEW 2016 By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE local bond market is ending the year
    1,213 words
  • Article, Illustration
    Lock icon Europe markets sanguine about Italian referendum defeat
    701 1  -  By Neil Behrmann btworld@sph.com.sg London ITALY began the week with the threat of expectations of an election and a banking crisis, following the government’s referendum defeat. Instead, after an initial plunge, banking stocks, government bonds and the euro revived on hopes that the
    PHOTO: BLOOMBERG  -  701 words
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  • TOP STORIES
    • Article
      Lock icon Plan for ADB to play vastly bigger role in Asian development
      767 2  -  This would see institution shift from poverty reduction to helping middle-income nations manage economic growth By Anthony Rowley btworld@sph.com.sg Tokyo A GREATLY expanded role for the Asian Development Bank (ADB) which would see the Manila-based institution shift from its
      767 words
    • Article, Illustration
      Lock icon Ringgit seen more stable but new rules limit export FX proceeds
      644 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur NEW initiatives by Malaysia to boost foreign exchange liquidity in the onshore market are expected to result in a more stable ringgit, but could add to business costs for exporters as the flexibility
      PHOTO: REUTERS  -  644 words
    • Article, Illustration
      Lock icon RBS to pay up to £800m to settle 2008 rights issue claims
      561 2 BLOOMBERG London ROYAL Bank of Scotland Group Plc moved closer to clearing a backlog of charges for misconduct that have slowed its return to profitability, agreeing to pay as much as £800 million (S$ 1.45 billion) to settle
      BLOOMBERG; PHOTO: REUTERS  -  561 words
    • Article, Illustration
      Lock icon UK Supreme Court begins hearings on Brexit challenge
      827 4 Government is arguing that it has constitutional authority over foreign affairs, including right to withdraw from treaties AFP London BRITAIN’S Supreme Court began a historic hearing on Monday to decide whether parliament has to approve the government’s Brexit negotiations, in a highly-charged
      AFP; PHOTO: BLOOMBERG  -  827 words
    • Article, Illustration
      Lock icon GIC buys 3.5t rupiah ticket to the movies in Indonesia
      480 4  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GIC is investing 3.5 trillion rupiah (S$370 million) in Indonesian cinema operator PT Nusantara Sejahtera Raya (NSR) as the Singapore sovereign wealth fund hopes to capture a slice of Indonesia’s economic growth. The investment
      PHOTO: REUTERS  -  480 words
    • Article, Illustration
      Lock icon Popular NZ PM John Key quits, says it’s the right time to go
      736 4 AFP Wellington POPULAR New Zealand Prime Minister John Key announced his shock resignation on Monday, saying he was never a career politician and it was the right time to go after eight years in the job. The
      AFP; PHOTO: AFP  -  736 words
    • Article
      Lock icon Deutsche Bank sees pick-up in global growth only in 2018
      461 4  -  By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore ALTHOUGH world economic growth is expected to be lacklustre in 2017 largely because of uncertainties over US economic policy under the incoming administration, Deutsche Bank believes 2018 should see a significant pick-up in global
      461 words
    • Article, Illustration
      Lock icon Thousands of plum jobs up for grabs under Trump
      1379 5 A plum-coloured book lists every patronage position in the executive and legislative branches that could be filled WP Washington THE biggest Help Wanted ad in eight years will materialise in Washington, DC, first thing on Monday: A plum-col-oured paperback listing 9,000
      WP; PHOTO: AFP  -  1,379 words
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      Lock icon Page 3 Advertisements Column 1
      105 3 Didier Gourdon RICHARD IVIILLE Z2S t X MM 5 ks £f r* v4 i; <A; I s. it 2XVJ ihtkk a MS n IN V <1 f -p. a s?ssr< B y 'Mi y-M< I s I ;«*st i4 is IS 2v to k i -V5 x P2 ?s* %h
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      Lock icon Page 5 Advertisements Column 1
      39 5 m 1 r 1841 L J 1840 1850 J. SAFRA SARASIN Sustainable Swiss Private Banking since 1841 L J 1 j 11 two 1 1910 1920 1930 1940 1900 1950 m m 2000 Celebrating Private Banking for 175 YEARS
      39 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon A-Reit to buy 3 Science Park buildings for S$420m
      485 6  -  Consideration to be paid in cash and equity, subject to shareholders’ approval By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore ASCENDAS Real Estate Investment Trust (A-Reit) plans to acquire the DSO National Laboratories buildings and DNV GL Technology Centre at Science Park Drive
      485 words
    • Article
      Lock icon Metech turns to crowdfunding amid funding gap
      777 6 IFR Singapore METECH International, an electronicwaste management company, is marketing a S$2 million crowdsourced bond, the first of its kind in Singapore. The Catalist-listed recycling company is selling so-called listed company, or listco, bonds on Singa-pore-based crowdfunding platform FundedHere, which is hosting the
      IFR  -  777 words
    • Article
      Lock icon Local telcos’ support for Mobile Connect laudable
      756 6  -  HOCK LOCK SIEW BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT LAST week, Singapore’s Big Three telcos announced plans to jointly support Mobile Connect (MC), a global authentication standard that will allow their customers to access online services with just their mobile numbers. It offers a
      756 words
    • Article
      Lock icon Buying opportunity in S-Reits: RHB
      446 7  -  Broking house says prices have largely factored in a 50 basis point US rate hike next year; suggests a bottom-up approach in selecting S-Reits By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE current correction in the prices of Singapore Reits (S-Reits) offers a buying opportunity given
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    • Article
      Lock icon Super Group brews a flat Q3 with S$7.4m profit
      369 7  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore BEVERAGE mix maker Super Group posted flat earnings growth in the third quarter amid slower food ingredient sales in South-east Asia, the company announced on Monday after the market closed. Net profit eased slightly to
      369 words
    • Article
      Lock icon Citi turns bullish on W European mining stocks
      156 7 REUTERS London CITIGROUP turned bullish on the Western European-listed mining sector on Monday, saying a brighter outlook for commodity prices would mean that cash flow and earnings upgrades are likely to follow. “A stronger cyclical US backdrop, coupled with improved supply and
      REUTERS  -  156 words
    • Article, Illustration
      Lock icon Hong Kong-Shenzhen trading link makes lacklustre debut
      807 8 Analysts not surprised, citing China’s economic slowdown, the weak yuan and an expected hike in US interest rates AFP Hong Kong A LONG-DELAYED trading link between the exchanges of Hong Kong and Shenzhen in China made a disappointing debut on Monday, with markets
      AFP; PHOTO: BLOOMBERG  -  807 words
    • CORPORATE DIGEST
      • Article
        Lock icon ARA Asset Management
        62 8 FRANKLIN Templeton Institutional, which owns about 10 per cent of ARA Asset Management, will vote in favour of the S$1.78 billion privatisation, ara said on Monday. In November, ARA announced a privatisation bid by a consortium led by its group founder and chief executive officer, John Lim.
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      • Article
        Lock icon Singtel
        38 8 OPTUS Business, the enterprise unit of Singtel’s Australian subsidiary, Optus, has clinched a three-year, A$40 million contract extension with specialist security provider Suretek to deliver 1345 Securecall services over the Optus network through the end of 2020.
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      • Article
        Lock icon SGX
        29 8 SINGAPORE Exchange (SGX) has appointed Michael Luk as the new head of fixed income origination and sales at the exchange. The appointment takes effect on Jan 1, 2017.
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      • Article
        Lock icon MS Holdings
        39 8 CRANE rental specialist MS Holdings warned that it will post a net loss for the half-year ended Oct 31, 2016. The company expects to announce it results by Dec 15. Its shares were not traded on Monday.
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      • Article
        Lock icon Jason Holdings
        42 8 A WINDING up application against flooring specialist Jason Holdings by Australia and New Zealand Banking Group has been adjourned by the High Court of Singapore in light of a scheme of arrangement hearing that will take place on Dec 7.
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    • Article, Illustration
      Lock icon FWA plans financial literacy help for underprivileged women
      462 8  -  By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore THEY opened their hearts and wallets to help underprivileged women by being in their shoes and providing financial literacy. Financial professionals signed up to attend a poverty simulation workshop and pledged to sponsor a beneficiary
      PHOTO: LUMO STUDIOS  -  462 words
    • Article
      Lock icon VW launches Moia mobility services startup
      254 8 BLOOMBERG Frankfurt VOLKSWAGEN AG, which is shifting priorities in the wake of the diesel scandal and stepping up competition against the likes of Uber Technologies Inc, plans to launch a business focused on ride-hailing, autonomous driving and electric cars in two European cities next
      BLOOMBERG  -  254 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist Straits Times Index Dec 5,2016 2,943.05 +23.68 (+0.81%) Current streak 1 day Day high 2,943.26 Day low 2,914.68 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Dec 5, 2016 441.61 -1.53 (-0.35%) Current streak 2 days Day high 443.91 Day
      64 words
    • Article, Illustration
      Lock icon STI gains 23 points in mixed session
      642 10  -  But volume traded, at 2.1 billion units worth S$1.1 billion, is lower than the S$1.3 billion post-Trump election rally average STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index rose 23.68 points to 2,943.05 on Monday but perhaps more important was that
      Source: Bloomberg  -  642 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 236 +1 240/234 257 209 6.5 6616 CapitaCom Trust 154.5 +3.5 154.5/151.5 164 127 5.6 4578.6 CapitaLand 308 +1 309/305 340 280 12.3 2.9 *****.7 CapitaMall Trust 194 +1 194.5/192.5 225 185
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    • Article
      Lock icon MOST ACTIVE
      37 10 VOLUME Noble 208,375,500 China Med Intl 74,589,200 Global Logistic 43,119,100 Vashion 43,000,000 QT Vascular 41,302,800 Market volume 2,142,799,000 VALUE DBS Grp 140,373,863 Global Logistic 95,997,357 Singtel 82,927,129 UOB 57,086,969 OCBC Bank 52,250,842 Market value 1,096,919,000
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    • Article
      Lock icon SGX ETFS
      111 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 298 +2 904 298/296 300/254 298/299 IS MS INDIA US$ US667 +4 193 669/652 772/441 667/669 83.4 DBXT MSRussia US$ US230 +3 122 230/228 230/129 230/231 DBXT MSPHILS US$ US174.5 -2.4 88 176.2/174.5 222.5/158.5
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Dec 5 VALUE CLOSE BT OB/OS -28.00 +105.00 BT CADI -*****.00 +26.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 689.28 +5.98 FTSE ST Small Cap 385.82 +0.78 FTSE ST All Share 718.52 +4.98 FTSE ST China Top 162.66 +1.17 FTSE ST China 204.71 +3.63 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index Dec 5,2016 718.52 +4.98 (+0.70%) Current streak 1 day Day high 718.52 Day low 712.76 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index Dec 2,2016 1,630.61 -0.38 (-0.02%) Current streak 1 day Day high 1,636.10 Day low 1,620.68 52-week high 1,734.72 (Sept 7, 2016) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 5 0 1 0 7 5 5 Manufacturing 30 37 25 10 9 11 40 46 36 Commerce 15 19 8 4 3 4 19 22 12 Tpt/Stor/Comms 11 8 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      124 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,292 224 14,516 52,716 36 52,752 Manufacturing 115,820 144,956 260,776 101,616 5,262 106,878 Commerce 232,536 89,514 322,050 74,335 1,018 75,353 Tpt/Stor/Comms 80,624 10 80,634 152,375 1 152,376 Finance 22,366 1 22,367 268,221 268,221 Construction 22,825
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    • Article
      Lock icon GAINERS
      71 10 BY CENTS CLOSE UP 52w high/low Jardine C&C 4037 108.0 2.7 4520/3160 Prudential USD 1980 51.3 1.9 2191/1600 UOB 2078 22.0 1.1 2083/1680 JMH USD 5494 21.4 0.3 6371/4500 SATS 489 16.0 3.4 524/375 BY PERCENTAGE CLOSE UP 52w high/low China Great Land 3.5 75.0 1.5 3.5/1.1 AA R
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    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -350.5 -2.0 *****/***** GLD US$ ***** -175.2 -1.1 *****/***** DBXT E50 US$ 4224 -146.7 -2.4 4667/3918 Lyxor Indonesia US$ 8182 -146.7 -1.2 9341/6692 DBXT USDIGInfl US$ ***** -111.1 -0.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low CN*****MBeCW*****9 8.3 -26.5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE Lorenzo Intl 6,678.4 0.028 +0.006 +27.27 JEP 7,715.8 0.022 +0.003 +15.79 China Great Land 230.0 0.035 +0.015 +75.00 China Med Intl 74,589.2 0.010 -0.003 -23.08 Sincap 8,532.0 0.019 -0.006 -24.00 Allied Tech 150.0 0.023 +0.003 +15.00 Acesian Partners 312.0 0.027 +0.007 +35.00 CDW 1,439.8 0.260
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    • BROKERS’ TAKE
      • Article
        Lock icon Old Chang Kee | Buy
        123 10 Old Chang Kee Buy Target price: S$0.98 Dec 5 close: S$0.755 Phillip Securities Research, Dec 5 We continue to view old Chang Kee (OCK) as a defensive growth play with a 28 per cent capital upside to our target price of S$0.98 and a 4 per cent dividend yield. The
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      • Article
        Lock icon Singapore Real Estate Investment Trusts | Overweight
        205 10 Singapore Real Estate Investment Trusts Overweight rhb Research, Dec 5 Singapore real estate investment trusts sector share price has fallen about 3 per cent on average post the US elections on expectations that a Donald Trump presidency would result in a pro-growth inflationary environment in the US. This has resulted
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      • Article
        Lock icon CapitaLand | Buy
        158 10  - CapitaLand Buy Compiled by Kenneth Lim Target price: S$3.68 Dec 5 close: S$3.08 OCBC Investment Research, Dec 5 CapitaLand announced that it has signed a memorandum of understanding with IE Singapore and Urwork, a leading Chinese co-working space operator, to form a sharing economy partnership to help Singapore SMEs enter
        158 words
    • Article
      Lock icon Euro jumps above US$1.07
      364 11 CURRENCIES REUTERS London THE euro jumped above US$1.07 for the first time since mid-November on Monday, rebounding around two cents after hitting 21-month lows after Italy’s prime minister conceded defeat in a referendum on constitutional reform and said he would resign. The single currency slid as
      REUTERS  -  364 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Dec 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 5.125 0.702 5.770 50.763 100.384 0.847 8.727 3.309 1.048 77.953 36.965 1.060 10.331 0.754 23.859 26.509 0.586 0.744 Canada 1.009 5.169
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Dec 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0598 1.0604 0.7439 0.7441 Canadian dollar 1.0689 1.0696 0.7505 0.7503 Euro 1.5105 1.5115 1.0603 1.0606 NZ dollar 1.0115 1.0124 0.7100 0.7104 Sterling pound 1.8091 1.8103 1.2699 1.2703
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Dec 5 S$ Bid Offer 1-month 1.4244 1.4251 2-months 1.4244 1.4251 3-months 1.4242 1.4250 6-months 1.4240 1.4249 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        211 11 Most active Dec 5 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.5 0.1 ***** 1 1 25 2.40 8 Charisma EnergyServicesW*****8 0.3 unch 7139 1 0 -50 2.00 59 KepCorp MB eCW*****6 6 -0.2 3721
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Dec 2 Index Change Change Change Change Change Change World Preliminary 1324.4 0.0 3.7 -0.4 3.1 0.1 2.9 EAFE Preliminary 988.0 -0.4 -2.5 -0.5 -4.8 0.0 -5.0 Europe Preliminary 1376.1 -0.3 -2.6
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        383 11 Dec 5 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.50 *****5 *****5 Jan17 *****.00 *****.00 *****.50 *****.00 2449 5103 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Mar17 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Dec 5 $S Offer Bid 0vernight 0.03 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.10 US$ Offer Bid 7 days 0.60 0.50 1 month 0.80 0.70 2 months 0.90 0.70 3 months 1.05 0.85 6 months 1.40 1.20 9 months 1.55 1.35 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 11 Dec 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.8 104.83 104.82 5-Year N*****0Z 1.250 01-Oct-21 97.31 97.45 97.36 10-Year NX*****F 2.125 01-Jun-26 97.64 97.85 97.80 15-Year NZ*****F 2.875 01-Sep-30 101.24 101.35 101.32 20-Year NZ*****X 2.250 01-Aug-36 91.25
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        251 11 Dec-2 Price Net change change Last Trade Agricultural Dec-2 CBOT Soybeans (US cents/bu) 1027.50 -2.25 -0.22% 13/01/2017 CBOT Soybean Oil (US cents/lb) 37.51 -0.13 -0.35% 14/12/2016 CBOT Wheat (US cents/bu) 387.50 16.00 4.31% 14/12/2016 Dec-2 LIFFE Cocoa (£/tonne) 1901.00 -60.00 -3.06% 13/12/2016 LIFFE Coffee (US$/tonne) 2064.00 74.00 3.72%
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    • Article
      Lock icon SGX MAINBOARD
      3606 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 131.5 +0.5 216 131.5 130 0.9 8.6 838 C'vr 172.5 101 ARA Asset Mgmt 170 +1 3566
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    • Article
      Lock icon SGX CATALIST
      320 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld 5 1.7 t Acesian Partners 2.7 +0.7 312 2.7 2.7 3.7 10.1 MCap High 46.5 29.5 t Advancer Global 37.5 +0.5 218 38 37.5 14.9 64.9
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    • Article
      Lock icon SGX ETF
      119 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 905 736 CIMBASEAN40 US$ US822 +4 2 822 819 128.9 3268 2355 DBXT China50 US$ US3086 -39 8 3131 3078 8.5 422 190 DBXT MSBrazil US$ US352 14
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      Lock icon Page 7 Advertisements Column 1
      939 7 Advertorial Providing quality healthcare for everyone How Indonesia bridges the gaps through technology Indonesia has the fourth largest population in the world, with approximately 250 million people in the country that spans across 17,000 islands. The geographical barriers, development gaps in urban and rural areas, as well as underdeveloped infrastructure
      939 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      135 8 p roac -tw 4 CR £-AT\\Ib rs °SlT]Vb VJ& &R TAKE YOUR PICK FROM MORE THAN 35,000 UNIQUELY SKILLED JOB CANDIDATES STJOBS CAREER& i* DEVELOPMENT /d £ATDR This year, the eagerly anticipated bi-annual 6th job fair is set to draw a wide assortment of over 35,000 job candidates with exclusive
      135 words
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      Lock icon Page 9 Advertisements Column 1
      149 9 HITACHI Inspire the IMext m :'*7 m i ii m IT vs m a m 4 l 1 liv N 1 w y, >; WUR m r i vSSEfe -1 sr> *tA 0. »<* V i A ras t* Si I M .jar #i 5 3»«ss a ?3 s s
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      101 12 SGX== SGX Academy Launches Certified Securities Professionals Programme Ideal for individuals seeking a career in the securities industry. The robust 10-modular curriculum equips you with industry knowledge, investment analytics and client engagement skills through case studies and role plays. Find out more at bit.ly/SGX-CSP Singapore Exchange This advertisement has been
      101 words
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      150 13 CUSTOM CONTENT SOLUTIONS SPHmagazines SilverKris December issue out now! In the footsteps of author Jane Austen and the locations that inspired her. Want to live and breathe green in Helsinki? We suss out the best places. Commitment, passion and love. Cabin crew share their stories. SILVERKRIS.COM SILVERKRIS MAGAZINE SILVERKRIS APP
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  • REAL ESTATE
    • Article, Illustration
      Lock icon HK-based PE firm eyes S’pore high-end homes, prime offices
      899 14  -  Phoenix Property Investors also set to expand its investment footprint from North Asia to South-east Asia By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore HONG Kong-based private equity real estate firm Phoenix Property Investors is on the prowl for more investments in South-east
      899 words
    • Article, Illustration
      Lock icon Q3 home sales up 1%, strong resales offset primary home figures
      444 14  -  By Judith Tan juditht@sph.com.sg @JudithTanBT Singapore HOME sales rose by one per cent quarter-on-quarter to 4,596 units in the three months to September, led by a stronger showing in the resale market, according to a report by Edmund Tie
      Sources: REALIS, Edmund Tie & Company Research  -  444 words
    • Article
      Lock icon Tech unicorn makes rainbow connection at co-working space here
      277 14  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A TECH unicorn with about 100 staff will take up space at a new co-work-ing office in Singapore’s Central Business District area in early 2017. The Working Capitol said on Monday that it would offer
      277 words
    • Article
      Lock icon CEA slaps fines on SQFT and ex-agent
      563 14  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE disciplinary committee of the Council for Estate Agencies (CEA) has slapped SQFT Global Properties Singapore and its former agent with financial penalties over the sale and marketing of a New Zealand property. In a statement on
      563 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      149 14 Japan Real Estate Investment OrangeTee Japan Business Development Unit (JBD) in collaboration with Tokyu Livable Inc., Japan We cover All major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, Sendai, Hiroshima, Sapporo, etc. All asset classes: Office, Retail, Residential Hotel, Land, etc. Income yielding assets with high occupancy Real Estate
      149 words
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      Lock icon Page 14 Advertisements Column 2
      102 14 A PAIR OF PROMINENT SHOPHOUSES WITH EXCLUSIVE COURTYARD IN THE VIBRANT TANJONG PAGAR DISTRICT ©JLL AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE
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      126 14 RARE CONDO STRATA SHOPS FOR SALE BY EXPRESSION OF INTEREST Within a brand new condominium Urban Vista Exclusive 3 retail shops servicing a total of 582 residential units Just next to Tanah Merah MRT station Wide glass frontage to main road Sizes available: 377, 420, 797 sq ft Ideal for
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Fears of capital flight heighten with falling yuan
      976 15 REUTERS China CHINA’S increasingly aggressive measures to clamp down on capital outflows will not have gone unnoticed by US hedge-fund manager Kyle Bass. Mr Bass is famed for his successful bet against the US housing market in the global financial crisis, so
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    • Article
      Lock icon Rural China banks face test as risk rises
      637 15 BLOOMBERG Beijing BOND investors are weighing rising risks that smaller Chinese banks will fail against growing signs the government will do anything to avoid a financial meltdown. A lender called Guiyang Rural Commercial Bank Co in the southwestern province of Guizhou sparked
      BLOOMBERG  -  637 words
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      1404 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg UNITED FOOD HOLDINGS LIMITED (Incorporated in Bermuda as an exempted company limited by shares) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of United Food Holdings Limited (the “Company”) will be
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  • TECHNOLOGY
    • Article
      Lock icon Social media ads to hit US$50b by 2019
      348 16 Leading forecaster Zenith puts that at just one per cent less than newspaper ads REUTERS London THE amount of money spent on advertising on social media is set to catch up with newspaper ad revenues by 2020, a leading forecaster said on
      REUTERS  -  348 words
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      Lock icon Sony has a hit that’s as big as Pokemon Go
      896 16 BLOOMBERG Tokyo NINTENDO Co might have scored a hit with the explosive debut of Pokemon Go this year. On its home turf, however, Sony Corp has quietly dispatched its rival with a popular mobile game called Fate/Grand Order. The game,
      BLOOMBERG; PHOTO: BLOOMBERG  -  896 words
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      Lock icon Silicon Valley’s tremendous influence in China
      1153 16 NYTIMES Mountain view, Calif. THE majesty of the Golden Gate, the windy chill of Alcatraz, the tourist hubbub of Pier 39 Zhao Haoyu’s itinerary for San Francisco had it all. Yet when Mr Zhao, a Chinese tourist, arrived with his wife in September, they
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    • Article
      Lock icon SoftBank’s Masayoshi Son chases first place with tech deals
      418 16 Japanese billionaire has embarked on two of the most ambitious projects of his career NYTIMES Tokyo MASAYOSHI Son is a Japanese billionaire who wants to control the way your car talks to street lamps. The 59-year-old technology investor a grandson of
      NYTIMES  -  418 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Movie ticketing startup aims to fill empty seats
      388 17 Backed by Hollywood heavyweights, Atom wants to make finding films and buying tickets easier NYTIMES Santa Monica, Calif. AS anyone who has been to a movie theatre knows, a lot of seats are usually empty. Add up those empties over the course
      NYTIMES; PHOTO: NYTIMES  -  388 words
    • Article
      Lock icon Seniors driving consumption growth as Japan ages
      326 17 BLOOMBERG Tokyo AS much of working-age Japan frets about having enough money in old age, the nation’s seniors are increasingly propping up consumer spending, accounting for the little growth in consumption the country has seen in recent years. It is something of a
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      Lock icon No price like home: Big spenders reappear in China
      803 17 REUTERS Shanghai CHINA’S wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents a welcome boost for the world’s luxury brands. China’s rich make up almost
      REUTERS; PHOTO: REUTERS  -  803 words
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      547 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 OPENHOUSE HOLDINGS PTE LTD OPENHOUSE.NET PTE LTD MEMBERS’ VOLUNTARY LIQUIDATION Extraordinary general meeting of the above Companies was held on 1st December 2016 and the following resolutions were duly passed 1. Special Resolution Winding Up That the Company be wound up
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  • TRANSPORT
    • Article
      Lock icon US airlines swim in cash but pay disparity remains
      691 18 Airline staff are reaping billions of dollars in wage and benefit increases but low-paid airport workers have generally not benefited from the industry’s cash boom WP Washington AFTER losing more than US$50 billion in the decade following the Sept 11 terrorist
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      Lock icon The new Honda Africa Twin – a go-anywhere adventure bike
      1056 18  - The new Honda Africa Twin a go-anywhere adventure bike By Norman Mayersohn NYTIMES New York IT IS common practice for companies to inject new products with a frisson of dare by naming them for gutsy pursuits or enticing destinations. But a Rolex Submariner may never plumb the ocean’s depths, and
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    • Article
      Lock icon Metro aware of track flaws a year before July derailment: NTSB
      1058 18 WP Washington METRO knew of track flaws more than a year before a July derailment, and the agency’s track inspectors may have contributed to the crash by falsifying inspection reports month after month, according to documents released on Thursday
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    • Article
      Lock icon Rise in sale of luxury cars as Chinese rush to beat new levy
      523 18 BLOOMBERG AFP Beijing SUPER-luxury car dealers in China made calls to their best prospects last Wednesday evening, urging them to buy before the clock struck midnight to avoid paying extra taxes on the gilded rides. Some distributors
      BLOOMBERG; AFP  -  523 words
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  • GOVERNMENT & ECONOMY
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      175 19 HOT PROPERTY Y SUNGEI KADUT, SHORT Term. 1-sty warehouse, land 100k sf GFA 68k sf, high ceiling, ideal storage RARE HENDERSON IND. Pk. FH. 2060 sf. Free column. Squarish layout. 2 entrances. $1.75M. WAREHOUSE STORE FOR SALE Check out these properties and more in The Straits Times Classified now! 50
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  • OPINION
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      Lock icon Brexit – muddying the waters
      858 20  - Brexit muddying the waters THE BOTTOM LINE By David Mason TThe writer is a business communications consultant in the UK. He was previously a Big Four audit firm partner in Singapore in the 1980s and 1990s. FIVE months ago, the United Kingdom’s electorate voted to leave the European Union (EU)
      858 words
    • Article
      Lock icon From ‘globaloney’ to ‘populoney’
      583 20 EDITORIAL DURING the booming era of globalisation in the 1990s, critics in the populist wings of the progressive left and nationalist right enjoyed mocking the so-called “globalism” school of thought as “globaloney”. Some of the criticism directed at pundits like The New York Times’ Tom Friedman
      583 words
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      Lock icon Trump said he would ‘drain the swamp’, but...
      1595 20  -  his stocking his Cabinet with rich insiders has the world watching his model of mercantilism By Leon Hadar Washington FOLLOWING the then-Republican presidential nominee’s social media memes, watching Donald Trump’s television commercials or listening to his rally addresses during the election campaign,
      PHOTO: AFP  -  1,595 words
    • Article
      Lock icon Gender gap in bankruptcy risks: its meaning for policy at home, at work
      982 21  -  COMMENTARY By Sumit Agarwal, Sing Tien Foo Zhang Jian T Sumit Agarwal is the Low Tuck Kwong Professor of Finance at the National University of Singapore (NUS) Business School, where Zhang Jian was a PhD student. Sing
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      Lock icon Asia needs to ensure arbitration enforceability
      770 21  -  COMMENTARY By Lakshanthi Fernando, Tan Wei Ming TThe writers are from Holborn Law (in association with Olswang Asia); Lakshanthi Fernando is managing director and Tan Wei Ming is an associate. INTERNATIONAL arbitration has become the preferred choice for companies to settle disputes. It has
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      Lock icon Italy becomes third domino to fall, following referendum vote
      1114 21  -  Coming on the heels of Trump’s election in the US, and Brexit vote in the UK, Italy’s poll is the latest in which victory by anti-establishment forces has sent shock waves internationally.BY ANDREW HAMMOND internationally.BY ANDREW HAMMOND T The writer is
      PHOTO: AFP  -  1,114 words
  • Page 20 Miscellaneous
    • Miscellaneous
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      140 20 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)
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      977 22 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA II 15/16 10/12 12/12 BELITUNG/PKL BALAM SRIJAYA 8 32/16 08/12 10/12 JAMBI/PEKAN BARU CARAKA JN 3 II 18/16 07/12 09/12 PALEMBANG/PANJANG FAJAR MAS 13/16 09/12 11/12 BELAWAN/MALAHAYATI INDONESIA JAVA SULAWESI PORTS VESSEL VOY ETA ETD DESTINATION
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Little Arts Academy scores big with BFG
      265 23  -  LAA’s 8th anniversary production features several firsts for the Academy By Cheah Ui-Hoon uihoon@sph.com.sg Singapore MORE than 50 students, aged seven to 14 years old, staged The BFG, a theatre show adapted from British novelist Roald Dahl’s 1982 classic children’s book for The
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      Lock icon Japan’s First Lady offers critics a household hotline to Abe
      979 23 BLOOMBERG Tokyo WITH high approval ratings stoking speculation that Shinzo Abe could become Japan’s longest-serving prime minister in recent history, he faces the risk of becoming complacent. Enter Akie Abe, his wife of 29 years. The 54-year-old daughter of a
      BLOOMBERG; PHOTO: BLOOMBERG  -  979 words
    • Article, Illustration
      Lock icon Cheeky Chinese artist critiques society with nudity
      762 23 AFP Guangzhou SETTING up a camera in a public place, Ou Zhihang hastily removes his clothes, then with just one bottom-exposing press-up his work is done. The artist has taken more than 700 photos capturing his nude exercises on streets in China and
      AFP; PHOTO: AFP  -  762 words
  • Page 23 Miscellaneous
    • Miscellaneous
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      335 23 CRYPTIC CROSSWORD Across 1 If better times are coming, they won’t last (7) 5 It measures the flow of the current (7) 9 Stiff and thoroughly wet (5) 10 Language from Asia Frank translated (9) 11 Iago cursed, getting put off? (10) 12 Keen to play, one’s capped (4) 14
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  • SME
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      Lock icon Customer experience: The new paradigm
      989 24  -  CX might just seem like another term to emerge in an era of buzzwords, but its importance cannot be underestimated. Here are five ways that SMEs can capitalise on CX for that competitive edge. BY ROBIN ANDREW SEAN-LOONG LEE, SHARIFAH NURSYAFIQAH AND KEITH CARTER BY
      PHOTO: AFP  -  989 words
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      Lock icon Disaster recovery, business continuity planning critical to running a business
      941 24  -  By Nop Srinara T The writer is Asia sales director of Datto Inc HARDLY a day goes by without news of a natural disaster, terrorist attack or other large scale disruptive incident occurring somewhere in the world. Luckily, Singapore is
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  • THE BUSINESS TIMES Wealth
    • Article, Illustration
      Lock icon CONTENTS
      262 2 SPOTLIGHT 8 True-blue businessman From listing OSIM on the Singapore bourse to taking it private 16 years later, founder Ron Sim has come full circle TRUSTED ADVISER 11 Art of giving exceptions Citi Private Bank’s Bassam Salem shares how segmentation of clients contributes to the bank’s profitability IN-DEPTH 12
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      Lock icon Editor’s note
      754 5  -  By Genevieve Cua O SIM International founder Ron Sim began his entrepreneurial journey inauspiciously as a commissioned salesman, armed with just an O-level education. But a never-say-never attitude coupled with tenacity and a sharp nose for business have taken him to heights that many others can only dream
      ILLUSTRATION: ISTOCK  -  754 words
    • SPOTLIGHT RON SIM
      • Article, Illustration
        Lock icon True-blue businessman
        2347 8  -  From listing OSIM on the Singapore bourse to taking it private 16years later, founder Ron Sim has come full circle By Wong Wei Kong ON Sim has come full circle. Sixteen years ago, he embarked on a brave new adventure, taking OSIM International to list on the Singapore
        PHOTO: OSIM; PHOTO: JULIANA TAN  -  2,347 words
    • TRUSTED ADVISER
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        Lock icon Art of giving exceptions
        1265 11  -  Citi Private Bank’s Bassam Salem shares how segmentation of clients contributes to the bank’s profitability By Genevieve Genevieve Cua PHOTO: ARTHUR LEE EIRUT-BORN Bassam Salem was expected to join his family textile business when he felt the tug of banking. “When I made the decision not
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    • IN-DEPTH
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        Lock icon How white is your Persil?
        1204 12  -  Singapore spares no effort stamping out money laundering to keep the country ‘clean and white’ By Shashi Nathan Shashi Nathan is Partner, Withers KhattarWong T HE Singapore government has been stepping up its efforts to protect the country’s reputation as a clean and trusted financial
        ILLUSTRATION: ISTOCK  -  1,204 words
    • MULTI-ASSET
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        Lock icon Beyond the horizon
        1039 14  -  Where are markets headed in the new year? By Michael Strobaek Michael Strobaek is Global Chief Investment Officer, Credit Suisse ESPITE all the risks such as the unexpectedly strong slowdown of the Chinese economy in the first half of the year or the Brexit vote, 2016 has
        ILLUSTRATION: ISTOCK  -  1,039 words
    • ASSET MANAGER
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        Lock icon Seeing the positive
        1074 15 Allianz Global Investors’ David Tan gives his take on investing in Asian fixed income assets FIXED income assets have been rewarding over the past years, and Asian investors have been particularly keen on Asian fixed income. We ask David Tan, Allianz Global Investors chief investment officer, Asia
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    • FIXED INCOME
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        Lock icon Seeking pockets of value
        928 16  -  Facing a worsening outlook, investors could look for opportunities within the Asian high yield bond market By Manpreet Singh Gill Manpreet Singh Gill is Head of FICC Investment Strategy, Standard Chartered Private Bank ARELY has it been so difficult to find attractive opportunities in Asian US
        ILLUSTRATION: ISTOCK  -  928 words
    • ROUNDTABLE
      • Article, Illustration
        Lock icon Less pain, more gain
        2287 17 Our panellists give their take on building portfolios that can generate steady returns as uncertainties and a Fed rate hike loom for their return has taken hold, and investors turn in ever-increasing numbers to strategies that have income at their heart and less dependent on capital
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        Lock icon THE BUSINESS TIMES’ WEALTH ROUNDTABLE
        215 19 Genevieve Cua, BT Wealth Editor poses questions to wealth experts for their views on picking yield-generating asset classes. Kin Weng Pang is Multi Asset Fund Manager, Schroder Investment Management. Kin Weng has held a fund management role at Schroders since 2008. He looks after the
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    • FX AND GOLD
      • Article, Illustration
        Lock icon Turbulence ahead
        1057 20  -  2016’s political storm clouds will impact emerging markets and the eurozone in 2017 By Jeffrey Halley Jeffrey Halley is Senior Market Analyst, Oanda HE protest vote against political elites, globalisation, income disparity, economic exclusion and falling living standards of the middle classes in the developed world has made
        Source: FOMC  -  1,057 words
    • EMERGING MARKETS
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        Lock icon A silver lining
        878 21  -  Trump’s election clouds outlook for Emerging Market assets By Cesar Perez Ruiz Cesar Perez Ruiz is Chief Investment Officer, Pictet Wealth Management MERGING Market (EM) economies continue to face structural challenges, but the risk-reward balance for investment has been turning more favourable, thanks to a more-gradual-than-anticipated pace
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    • ULTRA WEALTH
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        Lock icon Role-bot
        1058 22  -  New studies show artificial intelligence can bring autistic children out of their shell Tara Loader Wilkinson Editor in Chief, Billionaire E VERYONE remembers their favourite schoolteacher. For the children of Prior’s Court school in Newbury, UK, their teacher is particularly memorable. Nicknamed Steve, he can sing, dance and canter
        PHOTO: PRIOR’SCOURT; PHOTO: STEPHANIE SHIRLEY  -  1,058 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Bond investors: caveat emptor
        953 23  -  There are high prices at which even safe assets become risky Leonardo Drago Co-founder AL Wealth Partners AL Wealth Partners is an independent Singaporebased company providing fund management and advisory services to accredited investors T HE last time a bond bear market was getting started, I
        ILLUSTRATION: ISTOCK  -  953 words
    • REAL ESTATE
      • Article, Illustration
        Lock icon Business as usual
        1234 24  -  Demand for commercial and shophouse properties could see stable growth as investors seek value Alice Tan Director and Head of Consultancy Research Knight Frank C COMMERCIAL property has emerged as one of the sought-after property assets among institutions, private players and wealthy individuals. According to Knight Frank
        FILE PHOTO; PHOTO: KNIGHT FRANK  -  1,234 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon Luxury lights
        1064 25  -  A customised trip to view the Northern Lights in style makes for a perfect winter break By Rahita Elias O N the bucket list of many a seasoned traveller is the sighting of polar lights Aurora Borealis and southern sister Aurora Australis. These auroras can be anything from
        PHOTO: ISTOCK; PHOTO: HELI MENDE, VISIT FINLAND  -  1,064 words
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      53 3 Is your Private Banker on speaking terms with your Investment Banker? Discover how you can benefit from having Private Banking and Investment Banking integrated under one roof at credit-suisse.com/collaboration Credit Suisse i I I > > J i I f* J '’i J .> .j ,J i ,J i V
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      65 6 Standard Chartered Here for generations You have spent a lifetime growing your business and building wealth. Now you want future generations to understand the responsibilities that come with it. Supported by the bank that helps them aim higher. That’s good for a legacy beyond wealth. Here for good si f
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      274 9 Tel: +65 6597 8866 www.abnamroprivatebanking.com ABN AMRO Private Banking has a mature local presence in more than 10 countries worldwide. Within Asia and Middle East, ABN AMRO currently has three private banking centres in Singapore, Hong Kong and UAE. It is the oldest bank in Singapore, with its history dating
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      87 13 Building a legacy, one step at a time. #1 Most Reputable and Financially Stable Private Bank in Asia. Asiamoney Polls 2014 2015. Your success today was built on the bedrock of your dedication. Like you, we believe that what matters most are trust, knowledge and opportunity to protect your legacy
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      107 28 BANKOFSINGAPORE Asia's global private bank What can we give a man who has everything? y, a I M f We give him the time to give back. Our strong team of specialists works to offer quality advice and provide the right solutions to help you achieve your financial goals. With
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