The Business Times, 7 December 2016

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Total Pages: 26
1 26 The Business Times
  • 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 Wednesday, December 7, 2016
    23 words
  • Article, Illustration
    186 1 South Korean President Park Geun-hye says that, if she is impeached, she will wait for a court to uphold the decision. TOP STORIES 2 Several current and former directors of Swiber Holdings have been hauled up for questioning by the CAD and are out on bail. TOP STORIES
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  • 1000 1  -  Interest-rate scenario a major concern; others include central bank policies, risk appetite, and region’s demographic changes OUTLOOK 2017 By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE hunt for yield in a low-interest-rate environment is now a constant in the insurance industry.
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  • 993 1  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SINGAPORE’S total domestic market capitalisation has grown the most slowly among major regional bourses so far this year, but the local bourse came out ahead of its South-east Asian counterparts in
    993 words
  • 27 1 Tuesday Change STI 2,949.12 +6.07 KL COMP 1,629.73 +4.76 NIKKEI 225 18,360.54 +85.55 HANG SENG 22,675.15 +169.60 SHENZHEN B 1,156.79 +3.64 DOW (10.45am EST) 19,207.59 -8.65
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  • Page 1 Advertisements

  • TOP STORIES
    • 810 2 Korean president says if impeached, she would wait for a court to uphold the decision REUTERS Seoul SOUTH Korean President Park Geun-hye, engulfed in an influence peddling scandal, said if she was impeached she would wait for a court to uphold the decision,
      REUTERS; PHOTO: BLOOMBERG  -  810 words
    • 387 2  -  O&M UNDER SCRUTINY By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SEVERAL current and former directors of Swiber Holdings have been hauled up for questioning by the Commercial Affairs Department (CAD) and released on bail. The directors interviewed by Singapore’s white collar-crime unit between Nov 30
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    • 433 2  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE co-founder of mainboard-listed offshore support vessel (OSV) owner-operator Pacific Radiance has been arrested for suspected graft and is out on bail. Executive director Mok Weng Vai was arrested by the Corrupt Practices Investigation Bureau (CPIB) on
      FILE PHOTO  -  433 words
    • 623 4 Jayalalithaa’s death plunges one of India’s most economically powerful states into a period of political uncertainty AFP Chennai, India JAYALALITHAA Jayaram, the chief minister of south India’s Tamil Nadu state and one of the country’s most popular political leaders, has died after
      AFP; PHOTO: AFP  -  623 words
    • 1018 4 BLOOMBERG Singapore CHINA’S investment is transforming its smaller South-east Asian neighbours like never before while helping turn Cambodia, Laos and Myanmar into bigger destinations for its exports. That’s driving some of the world’s fastest economic growth rates and providing Chinese
      BLOOMBERG; PHOTO: AFP  -  1,018 words
    • 528 4 BLOOMBERG London BANK of England (BOE) governor Mark Carney has launched a defence of globalisation and set out a manifesto for central bankers and governments to boost growth and make the world economy more equal. He said bankers
      BLOOMBERG  -  528 words
    • 657 6 At the end of a 9-day state visit to Japan, he also urged Japanese companies to see Singapore as a pivot to expand into the region THE STRAITS TIMES Tokyo BOTH Japan and Singapore have a “strong sharing of minds” on economic
      THE STRAITS TIMES  -  657 words
    • 326 6  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilun Singapore THE chief executive officer of Singapore Airlines (SIA), Goh Choon Phong, has been awarded the Dwight D Eisenhower Global Innovation Award, making him the first recipient from South-east Asia. The award, presented by the Business
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  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • Page 5 Advertisements
    • 98 5 PATEK PHILIPPE GENEVE Begin your own tradition. Announcing the re-opening of the Patek Philippe Boutique at Marina Bay Sands. o *9 Uj CL CL. in c a. «> utf* cp Mj Co it 90 sr Si q: w £> (N 0 Annual Calendar Ref. 5396R Released to pay tribute to
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  • Page 6 Advertisements
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  • COMPANIES & MARKETS
    • 434 7  -  Move follows the recent completion of the disposal of Noble Americas Energy Solutions By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore A MAJORITY-OWNED subsidiary of commodity trader Noble Group has sold four UK-incor-porated power development companies to Drax Developments Limited, a unit of
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    • CORPORATE DIGEST
      • 77 7 ENGINE maker XMH Holdings lost S$88,000 in the second quarter ended Oct 31, down from a year-ago net profit of S$2.8 million, as weak market sentiment dragged down project revenue. Overall revenue slipped 2.8 per cent to S$25.1 million. Administration expenses jumped 87 per cent to S$5.2 million
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      • 100 7 STEEL trader Oriental Group said that it has not received any notice in writing by four persons who are being nominated as directors that they are willing to be elected; those persons would therefore be disqualified as directors under the company’s constitution, even if they were elected at
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      • 72 7 COMMODITY trader Olam International has priced an upsized US$175 million of five-year notes at a coupon of 3.9 per cent, which is a spread of 199 basis points over five-year US Treasuries. Olam had initially offered just US$100 million of notes, but added a further US$75 million to
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      • 87 7 A KEY subsidiary of China Environment, an industrial waste gas treatment specialist, faces two additional civil suits in addition to a number of suits and letters of demands. A suit by Fujian Tongyong Hengxin Electrical Engineering Co against China Environment’s Fujian Dongyuan Environmental Protection Co over a construction
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      • 59 7 SOCIAL networking, e-commerce and entertainment company YuuZoo Corporation has introduced an electronic wallet service. The mainboard-listed company announced the launch of Yuuwallet, a proprietary electronic wallet, on Tuesday in a filing to Singapore Exchange. The e-wallet, designed for use in developing as well as developed markets with low
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    • 882 8  -  HOCK LOCK SIEW BY TAN HWEE HWEE hweetan@sph.com.sg @HweetanBT IT has come to surprise many seasoned financiers how badly issuers have been struggling to gain the support of noteholders in their restructuring exercise amid the protracted downturn in the offshore marine
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    • 612 8  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MARKING its expansion Down Under by tying up with a local partner, Singapore developer Oxley Holdings Limited is taking up a 40 per cent stake in Australian property group Pindan Group Pty Ltd for A$32
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    • 575 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE closure of its North Carolina plant and severance expenses, which were part of the restructuring exercise started in FY2016 to optimise operations, weighed on mainboard-lis-ted Del Monte Pacific Limited’s (DMPL’s) second quarter net profit, which was
      575 words
    • 220 8 BLOOMBERG London ABN Amro NV has agreed to sell its private banking assets in Asia and the Middle East to Liechtenstein-based LGT to focus on its European operations. The unit manages about US$20 billion in Singapore, Hong Kong and
      BLOOMBERG  -  220 words
    • 514 8 BLOOMBERG Hong Kong YUAN investors already nervous about US President-elect Donald Trump’s focus on China’s currency policy got a shock on Tuesday when ICAP Plc data showed the currency sinking to 7.5 per US dollar. The decline, which traders said was an error,
      BLOOMBERG; PHOTO: REUTERS  -  514 words
    • 433 9 The global rules will require dealers to post and collect collateral or “margin” against OTC derivative trades REUTERS Hong Kong HONG Kong, Singapore and Australia will introduce strict new rules for trading over-the-counter (OTC) derivatives on March
      REUTERS  -  433 words
    • 410 9 Hong Kong MCDONALD’S Corp is looking to raise US$1 billion to US$2 billion with the sale of its China and Hong Kong stores after the US fast-food chain decided to keep “a significant minority stake in the business”,
      PHOTO: REUTERS  -  410 words
    • 255 9 REUTERS Shanghai A WELL-KNOWN Chinese hedge fund manager detained last year in a crackdown on financial crimes in the wake of a stock market crash has pleaded guilty to manipulating the market, according to the court where he is standing
      REUTERS  -  255 words
    • Article, Illustration
      63 10 STI Catalist Straits Times Index Dec 6,2016 2,949.12 +6.07 (+0.21%) Current streak 2 days Day high 2,955.17 Day low 2,941.62 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Dec 6, 2016 441.62 +0.01 Current streak 1 day Day high 442.26 Day low
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    • 78 10 BY CENTS CLOSE UP 52w high/low DBXT E50 US$ 4418 275.1 4.6 4667/3918 DBXT Nifty50 ETF10 ***** 212.7 1.2 *****/***** DBXT MSKorea US$ 5537 119.1 1.5 6041/4629 GLD US$ ***** 119.1 0.8 *****/***** Jardine C&C 4156 119.0 2.9 4520/3160 BY PERCENTAGE CLOSE UP 52w high/low Far East 5 61.3
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    • 78 10 BY CENTS CLOSE DOWN 52w high/low JMH USD 5408 -122.0 -1.6 6371/4500 DBXT Vietnam US$ 2192 -45.4 -1.4 2533/2017 IS ASIA HYG S$D 1511 -36.0 -2.3 1552/1407 DBXT S&P Short US$ 1890 -32.6 -1.2 2362/1890 DBXT MSJAP US$ 5014 -22.7 -0.3 5110/4031 BY PERCENTAGE CLOSE DOWN 52w high/low DBS
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    • 82 10 VOL CLOSE($) CHANGE Yuexiu Prop 47.9 0.199 -0.021 -9.55 Far East 50.0 0.050 +0.019 +61.29 BH Global 78.7 0.230 +0.015 +6.98 Mun Siong Engg 822.0 0.071 +0.004 +5.97 EMAS Offshore 230.0 0.072 +0.007 +10.77 Intraco 10.3 0.245 -0.095 -27.94 Mirach Energy 58.0 0.080 -0.026 -24.53 Envictus 63.1 0.460
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    • 653 10  -  Turnover below post-Nov 8 levels at S$1.1 billion, with 74 per cent coming from trading in the ST Index components STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A CONTINUED push on the banks helped add 6.07 points to the Straits Times Index (STI) at 2,949.12 on
      Source: Bloomberg  -  653 words
    • 305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 237 +1 237/234 257 209 6.5 6644 CapitaCom Trust 153 -1.5 154/151.5 164 127 5.6 4534.1 CapitaLand 310 +2 312/308 340 280 12.4 2.9 *****.2 CapitaMall Trust 194 unch 195/192.5 225 185
      305 words
    • 36 10 VOLUME Noble 178,486,300 China Med Intl 52,573,600 Yuuzoo 41,518,900 KrisEnergy 39,527,900 Golden Agri-Res 34,872,600 Market volume 1,750,039,000 VALUE DBS Grp 157,478,519 Singtel 91,043,497 OCBC Bank 70,547,307 UOB 66,336,884 Global Logistic 38,938,149 Market value 1,132,816,000
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    • 107 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 300 +2 628 300/299 300/254 299/300 DBXT MSPHILS US$ US174.5 166 175.5/173.1 222.5/158.5 174.3/175 14 IS MS INDIA US$ US670 +3 155 671/665 772/441 672/674 83.8 DBXT MSINDO us$ US1337 +20 66 1344/1333 1534/1059
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    • 77 10 Dec 6 VALUE CLOSE BT OB/OS -55.00 -27.00 BT CADI -*****.00 +1.00 BT 10-day MA -*****.00 -6.00 FTSE ST Mid Cap 688.86 -0.42 FTSE ST Small Cap 385.43 -0.39 FTSE ST All Share 719.72 +1.20 FTSE ST China Top 162.76 +0.10 FTSE ST China 205.53 +0.82 FTSE
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    • 35 10 STI FTSE ST All-Share FTSE ST All-Share index Dec 6,2016 719.72 +1.20 (+0.17%) Current streak 2 days Day high 720.81 Day low 718.35 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • 33 10 STI MSCI EAFE MSCI EAFE index Dec 5,2016 1,637.16 +6.55 (+0.40%) Current streak 1 day Day high 1,647.16 Day low 1,619.68 52-week high 1,734.72 (Sept 7, 2016) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 9 2 0 0 0 7 9 2 Manufacturing 30 35 34 3 11 12 33 46 46 Commerce 15 20 9 3 2 5 18 22 14 Tpt/Stor/Comms 6 13 7
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    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,910 13,910 49,908 49,908 Manufacturing 81,638 44,990 126,628 95,091 3,112 98,203 Commerce 217,352 61,148 278,500 94,117 682 94,799 Tpt/Stor/Comms 96,568 69 96,637 175,471 6 175,477 Finance 27,768 27,768 310,052 310,052 Construction 5,853 2,011 7,864 655
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    • BROKERS’ TAKE
      • 243 10 Target price: S$2.65 Dec 6 close: S$2.37 DBS Group Research, Dec 6 Ascendas Real Estate Investment Trust (A-Reit) continues to deepen its exposure to the business parks/science parks space with an acquisition of three properties at a price of S$420 million. The acquisition ticks
        243 words
      • 213 10  - Keppel Telecommunications Transportation Buy Compiled by Kenneth Lim Target price: S$2.53 Dec 6 close: S$1.715 UOB Kay Hian, Dec 6 Alpha DC Fund (ADCF) had on Nov 11, 2016 made its maiden acquisition of a data centre in Frankfurt for about 76 million euros (S$116 million). The data centre comes
        213 words
    • 17 10 DATA I Dec 7 S’pore Purchasing Managers Index S’pore COE bidding results US MBA Mortgage Applications
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    • 402 11 CURRENCIES REUTERS London THE euro held steady near a 3-week high on Tuesday while bets on market volatility stayed close to their highest since June’s Brexit vote ahead of this week’s European Central Bank meeting. The Australian dollar dipped about a
      REUTERS  -  402 words
    • FOREX RATES
      • Article, Illustration
        2 11
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      • 471 11 Dec 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 5.117 0.691 5.772 50.571 99.513 0.848 8.706 3.307 1.043 77.928 36.945 1.056 10.178 0.748 23.772 26.497 0.583 0.744 Canada 1.013 5.185
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      • 2 11
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      • Article, Illustration
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      • 155 11 Dec 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0554 1.0562 0.7442 0.7444 Canadian dollar 1.0694 1.0704 0.7544 0.7541 Euro 1.5274 1.5284 1.0771 1.0772 NZ dollar 1.0112 1.0132 0.7131 0.7141 Sterling pound 1.8094 1.8111 1.2759 1.2764
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      • 22 11 Dec 6 S$ Bid Offer 1-month 1.4179 1.4189 2-months 1.4178 1.4188 3-months 1.4177 1.4188 6-months 1.4175 1.4189 Source: OCBC
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      • Article, Illustration
        1 11
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    • EQUITY BONDS WARRANTS FUTURES
      • 207 11 Most active Dec 6 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.5 unch 7898 1 1 36 2.20 8 Charisma EnergyServicesW*****8 0.3 unch 2790 1 0 -50 2.00 59 DBS MB eCW*****0 11.9 2520 0.1
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      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Dec 5 Index Change Change Change Change Change Change World Preliminary 1330.2 0.5 4.1 0.6 3.6 0.6 3.4 EAFE Preliminary 990.2 0.2 -2.3 0.4 -4.4 0.4 -4.6 Europe Preliminary 1386.1 0.7 -1.9
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      • 389 11 Dec 6 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 *****1 *****6 Jan17 *****.00 *****.50 *****.50 *****.50 2584 6238 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 *****1 *****6 Mar17 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN
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    • BANK RATES
      • 154 11 Dec 6 $S Offer Bid 0vernight 0.05 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.03 US$ Offer Bid 7 days 0.65 0.55 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
        154 words
      • 65 11 Dec 6 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 5-Year N*****0Z 1.250 01-Oct-21 97.41 97.52 97.43 10-Year NX*****F 2.125 01-Jun-26 98.00 98.05 97.90 15-Year NZ*****F 2.875 01-Sep-30 101.88 102.08 101.85 20-Year NZ*****X 2.250 01-Aug-36 92.09 92.30 91.83
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    • AGRI METALS ENERGY
      • 250 11 Dec-5 Price Net change change Last Trade Agricultural Dec-5 CBOT Soybeans (US cents/bu) 1043.50 16.00 1.56% 13/01/2017 CBOT Soybean Oil (US cents/lb) 37.49 -0.02 -0.05% 14/12/2016 CBOT Wheat (US cents/bu) 389.25 1.75 0.45% 14/12/2016 Dec-5 LIFFE Cocoa (£/tonne) 1861.00 -40.00 -2.10% 13/12/2016 LIFFE Coffee (US$/tonne) 2064.00 unch 0.00%
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    • 1813 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 132.5 +1 346 133 131.5 0.9 8.6 844.4 C'vr 172.5 101 ARA Asset Mgmt 169.5 -0.5 3356
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    • 294 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW 16 4.5 t Alliance Mineral 9.2 unch 4961 9.4 9.2 44.2 Sale 19.9 8.3 t Anchor Resources 9.1 +0.1 357 9.2 8.9
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    • 127 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3102 +16 6 3105 3095 8.5 422 190 DBXT MSBrazil US$ US354 +2 14 354 354 Low 6041 4629 DBXT MSKorea US$
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 70 8 Yamari Singapore Pte Ltd is an industry provider of manufacturing Temperature Sensors with Thermowell services for our customers. Our service line was further extended to meet the needs of manufacturing and providing our customers with a wide variety of following machining: Gun Drilling (CNC) (Deep hole drilling up to 1500mm
      70 words

  • Page 9 Advertisements
    • 111 9 McDonald’s revamps McCafe brand as it lags Starbucks, Page 19 No-Fuss Chilli Crab Lunch New 5-Course Executive Set Menu JWMI3© SEAFOOD Featuring our AWARD-WINNING CHILLI CRAB Deshelled for your convenience Individually plated Menu changes weekly Available at: Riverside Point v* 6532-3435 The Riverwalk V* 6534-3435 Dempsey Hill 6479-3435 CHOICE OF
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  • Page 12 Advertisements
    • 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

  • Page 13 Advertisements
    • 103 13 Do you have the agility to be the next Businessman of the Year? Having the agility to ride the waves of change is one of the key qualities that set a true leader apart. Now into its 32nd year, Singapore Business Awards is on the lookout for the next Businessman
      103 words

  • REAL ESTATE
    • 649 14  -  Analysts say the aggressive bidding for the 99-year leasehold land signals that developers are reading the market positively By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MCL Land has emerged top in a fierce contest among 14 bidders for a residential
      649 words
    • 350 14 REUTERS Hong Kong THE chief architect behind Dalian Wanda Group’s US$4.4 billion buyout to take its flagship Hong Kong-listed property arm private and relist it in China has resigned without seeing the plan through, according to an internal memo. The resignation of Lu Xiaoma from
      REUTERS  -  350 words
    • 945 14 BLOOMBERG Toronto JUST a few days after Vancouver announced a tax on foreign property investors, Seattle real estate broker Lili Shang received a WeChat message from a wealthy Chinese businessman who wanted to sell a home in
      BLOOMBERG; PHOTO: BLOOMBERG  -  945 words
    • 201 14 REUTERS Montreal CANADA’S commercial real estate market hit a record C$11.16 billion (S$ 11.9 billion) in quarterly transaction volumes and is on track to reach new highs for the year, as investors’ hunt for yield and gains in the oil-pro-ducing province of Alberta bolster
      REUTERS  -  201 words
    • 455 14 BLOOMBERG New York NEW YORK visitors are going to have another choice for a high-altitude view of the city. SL Green Realty Corp has announced that 1 Vanderbilt, the office skyscraper it’s building just west of Manhattan’s Grand Central
      BLOOMBERG  -  455 words
  • Page 14 Advertisements
    • 93 14 (ORCHARD ROAD) OFFICE FOR LEASE 0 Office: 355 to 1,917 sq ft Area: 893 1,184/2,552/ 3,112 3,358/ Shop/F&B: 753 to 3,660 sq ft 5,113 /8,000 sq ft 0 Also suitable for Clinic/Medical Directly connected to Nicoll Highway Suites MRT Station (Circle Line) Newly-renovated Office Lift Lobbies Minutes away from Suntec
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    • 15 14 International Residential Property Services Vanessa Chan CEA REG NO. R*****31 +65 8125 7636 Vanessa.Chan@ap.jll.com JonesLangLaSallePropertyConsultantsPteLtdlCEALicenceNo.L*****26E
      15 words


  • ENERGY & COMMODITIES
    • 970 16 The companies operate under close bureaucratic controls that hinder their ability to respond to market forces WP Washington FOR the three titans of Latin American oil Pemex, PDVSA and Petrobras last week’s Opec-driven price rally won’t be enough to halt a
      WP  -  970 words
    • 1071 16 NYTIMES Mexico City THE international oil industry on Monday agreed to pay billions of dollars to the Mexican government for rights to drill in the country’s portions of the Gulf of Mexico. The companies made a big bet
      NYTIMES; PHOTO: NYTIMES  -  1,071 words
    • 495 16 Trump’s team supports project, will review it after president-elect takes office REUTERS Cannon Ball, North Dakota THOUSANDS of protesters in North Dakota celebrated the federal government’s ruling against a controversial pipeline but girded for a protracted struggle as President-elect Donald Trump’s
      REUTERS  -  495 words
  • Page 16 Advertisements
    • 286 16 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF MRB PTE. LTD. (Incorporated in Republic of Singapore) (Company no. *****3366R) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of MRB PTE. LTD. held on 30 November
      286 words
    • 28 16 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 17 Advertisements
    • 2176 17 SECOND CHANCE PROPERTIES LTD Company Registration No. *****3193M Incorporated in the Republic of Singapore NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 7 December 2016 issued by Second Chance Properties Ltd (the “Circular”). NOTICE IS
      2,176 words
    • 2962 17 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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    • 848 17 SECOND CHANCE PROPERTIES LTD (Co. Reg. No. *****3193M Incorporated in the Republic of Singapore) Notice Of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Second Chance Properties Ltd (the “Company") will be held at The Orange Ballroom. 845 Geylang Road #03-16 Tanjong Katong Complex Singapore
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  • TECHNOLOGY
    • 764 18 Such large fines are unprecedented for Uber; key legislative hearing on the draft rules will be held on Wednesday BLOOMBERG Taipei INVESTORS and companies are getting a preview of how the Taiwan government’s plan to become “Asia’s Silicon Valley” might fare. Uber
      BLOOMBERG  -  764 words
    • 445 18 BLOOMBERG Paris FRENCH billionaire Xavier Niel wants thousands of technology entrepreneurs, investors and inventors to base themselves in the Station F megacampus for startups he’s building in downtown Paris and he’s starting his search for them in London. The 34,000-square-metre venue
      BLOOMBERG; PHOTO: REUTERS  -  445 words
    • 489 18 REUTERS London LONDON could lose its position as the leading destination for startups in Europe if it does not remain open to the best talent after the British vote to leave the European Union, investors warned on Monday. Six months after
      REUTERS  -  489 words
    • 433 18 REUTERS San Francisco SALES of the Apple Watch to consumers set a record during the first week of holiday shopping, and the current quarter is on track to be the best ever for the product, Apple Inc chief executive Tim
      REUTERS; PHOTO: AFP  -  433 words
    • 491 18 BLOOMBERG Johannesburg A JOHANNESBURG startup is set to become the first company ever to manufacture smartphones in Africa, taking advantage of low costs and growing local demand to build handsets, tablets and other devices based on Google
      BLOOMBERG  -  491 words
  • Page 18 Advertisements
    • 28 18 Which Upcoming BTO should I buy? SRX .com.sg Right Home. Right Price. Upcoming BTO Launches BTO Pricing Forecast BTO news Past BTO Launches BTO Buying Guide r srx.com.sg/hdb/BTO
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  • CONSUMER
    • 691 19 Seattle concept store with automated checkout will open to the public early next year BLOOMBERG New York AMAZON.COM Inc unveiled technology that will let shoppers grab groceries without having to scan and pay for them in one stroke eliminating the checkout
      BLOOMBERG; PHOTO: REUTERS  -  691 words
    • 685 19 BLOOMBERG Chicago MCDONALD’S Corp, losing ground in its battle for the nation’s coffee drinkers, is planning to shake up its McCafe brand part of a bid to challenge Starbucks Corp and Dunkin’ Donuts. The company will reintroduce the McCafe concept next year,
      BLOOMBERG; PHOTO: BLOOMBERG  -  685 words
    • 451 19 REUTERS Chicago TYSON Foods Inc has launched a US$150 million venture capital fund that will target investments in companies commercializing meat substitutes, deepening the largest US chicken producer’s foray into alternative sources of protein. The fund also will invest in companies
      REUTERS; PHOTO: BLOOMBERG  -  451 words
    • 344 19 REUTERS Hanoi SHARES of state-controlled Sabeco, Vietnam’s biggest brewer, jumped the maximum allowed 20 per cent upon listing on Tuesday as investors wanted exposure to the dominant player in one of Asia’s most soughtafter beer markets. The shares of Sabeco, or Saigon
      REUTERS  -  344 words
  • Page 19 Advertisements
    • 62 19 FREE ADMISSION 2017 THE LARGEST I.T., DIGITAL, MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE! SHOW HIGHLIGHTS! STARBUYS TRADE-IN TECH SHOWCASE INSTANT WIN LUCKY DIP FREE NOTEBOOK MOBILE PHONE SCREEN PROTECTOR 16-19MARCH SUNTEC SINGAPORE BOOK YOUR SPACE NOW! Call 6747 4620 or Email to: sales@exhibitsinc.com.sg ComexITShow www.itshow.com.sg ORGANISED BY: All information are
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    • 65 19 Whither Indonesia? “I think I left Indonesia in much better shape a decade later than when I first took oath in 2004. But I will leave it to history to judge.” Susilo BambangYudhoyono, former president of Indonesia from 2004 to 2014. Read what veteran Indonesian watcher John McBeth has to
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  • TRANSPORT
    • 932 20  -  The OW Bunker case may be an argument for dropping bunker agents from the supply chain, but agents with market knowledge have their place STRAIT TALK BY DAVID HUGHES BUNKER trading can, to the outsider at least, appear to be a bafflingly
      932 words
    • 710 20 The homes-on-wheels see buying boom in US with a shift towards young buyers BLOOMBERG New York THIS autumn, one of the hottest things in outdoor gear wasn’t a new drone or motorised skateboard. The tech tastemakers from Outside Magazine to Gear
      BLOOMBERG  -  710 words
    • 1190 20 NYTIMES New York CITI Bike stations have cropped up this year in brownstone Brooklyn and on the Upper East Side of Manhattan. Next year, the blue bicycles will inch farther afield into Harlem and Astoria in Queens. Back from the verge
      NYTIMES; PHOTO: NYTIMES  -  1,190 words
    • 488 20 BLOOMBERG Southfield, Michigan INVESTORS piled into Ford Motor Co’s first automotive borrowing in almost four years, allowing the company to slash interest rates on a US$2.8 billion debt sale as it boosts spending on self-driving cars, mobility services and electrified
      BLOOMBERG  -  488 words

  • GOVERNMENT & ECONOMY
    • 705 21 But central bank governor notes that “some slowing in the year-ended growth rate is likely” BLOOMBERG Sydney AUSTRALIA’s central bank kept interest rates unchanged as a global commodity upswing eases the impact of a weaker economy at home. Governor Philip Lowe left
      BLOOMBERG; PHOTO: AFP  -  705 words
    • 507 21 Trump’s protectionism gives China leeway to push along timetable for RCEP BLOOMBERG Jakarta THE death knell for a US-led Pacific trade pact creates a vacuum that a separate Asia deal being championed by China should quickly fill, according to the
      BLOOMBERG  -  507 words
    • 276 21 REUTERS Bangkok FLOODS in Thailand have killed 14 people and badly affected southern holiday islands as the country heads into the December-January high season for tourism, authorities said on Tuesday. A low pressure system has brought heavy rain to parts of
      REUTERS  -  276 words
    • 603 21 AFP Bangkok THAILAND’S new King Maha Vajiralongkorn appointed top army brass to his powerful advisory body on Tuesday, including three generals linked to the ruling junta. The move illustrates the close mil-itary-royal alliance that has defined Thai politics for the last five decades,
      AFP; PHOTO: REUTERS  -  603 words
    • 400 21 BLOOMBERG Washington THREE US central bankers speaking on Monday left little doubt that they favour interest rate increases, though they indicated the pace of monetary tightening is uncertain amid questions about the impact of Presid-ent-elect Donald Trump’s fiscal policies. Speaking
      BLOOMBERG  -  400 words

  • OPINION
    • 567 22 EDITORIAL FOR industry players and others holding out hope of a reprieve soon from the Singapore property market cooling measures amid current moribund market conditions, the government has reiterated its stand: The curbs will stay for a while. In its latest
      567 words
    • 812 22  - Jobless by choice or pain? THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington THE work ethic is such a central part of the American character that it’s hard to imagine it fading. But that’s what seems to be happening in one important part of the labour
      THE WASHINGTON POST WRITERS GROUP  -  812 words
    • 1349 22  -  Trump dismisses TPP, but could draw on his deal-making strength to pursue another big opportunity the US-China Bilateral Investment Treaty. BY STEPHEN S ROACH Treaty.BY STEPHEN S ROACH T The writer, a faculty member at Yale University and former chairman of Morgan Stanley
      YALEGLOBAL ONLINE; PHOTO: AFP  -  1,349 words
    • 887 23  -  COMMENTARY By Jeremy King T The writer is international director, PCI Security Standards Council THE inaugural Fintech Festival in Singapore in November called attention to the immense rate of change taking place in the financial services sector due to innovations in financial technology or
      887 words
    • 517 23  -  By Desmond Lachman T The writer is a resident fellow at the American Enterprise Institute. He was formerly a deputy director in the international Monetary Fund’s Policy Development and Review Department and chief emerging market economic strategist at Salomon Smith Barney OMFIF
      OMFIF  -  517 words
    • 292 23 LETTER TO THE EDITOR WHILE Singapore’s property cooling measures will continue (“Central bank backs keeping property cooling measures in place”, BT, Nov 30), a review of some of its features is in order, with appropriate adjustments made. Cooling measures were introduced progressively
      292 words
    • 1080 23  -  But accept that it almost always has room for compromise. compromise.BY KEMAL DERVIS T The writer, former minister of economic affairs of Turkey and former administrator of the United Nations Development Programme, is a vice-president of the Brookings Institution PROJECT SYNDICATE
      PROJECT SYNDICATE; PHOTO: AFP  -  1,080 words
  • Page 22 Miscellaneous
    • 140 22 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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  • Page 24 Advertisements
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  • LIFE & CULTURE
    • 905 25 Makoto Shinkai’s animated film Your Name has become Japan’s third-highest-grossing movie NYTIMES Tokyo WHEREVER the Japanese animated filmmaker Makoto Shinkai goes these days, he gets some variation on the question of what it’s like to be the Next Big Thing. Specifically, Shinkai whose Your
      NYTIMES; PHOTO: NYTIMES  -  905 words
    • 880 25 NYTIMES Belvidere, New Jersey IN 1850, Charles Dickens published A Christmas Tree. The short story opens with a description of the tree “lighted by a multitude of tapers” and decorated with ornamental guns, pincushions, pen wipers, sugarplums, “teetotums” and “hum-ming-tops”. Despite the fertility of his
      NYTIMES; PHOTO: NYTIMES  -  880 words
    • 737 25 NYTIMES New York WHICH branch of science has the worst trouble with names? You might think it’s physics, which has bestowed whimsical-sounding names like quarks, neutrinos, selectrons and bosons on the most elemental constituents of nature. But in astronomy, the confusion can be, well,
      NYTIMES  -  737 words
  • Page 25 Miscellaneous
    • 325 25 CRYPTIC CROSSWORD Across 1 Winning deputy, good and respectable (10) 6 Struggle with scene (4) 9 In love, you and me after a second run out (7) 10 Judge arrives carrying grip (7) 12 Hi-tech duo’s ATM fiddling shows a gift for making money (3,5,5) 14 Pack in place in
      325 words

  • EXECUTIVE MONEY
    • 899 26  -  With fiscal expansion likely and bond yields set to rise, a focus on dividend growth could offer both income and attractive returns. BY RICHARD TURNILL T The writer is Global Chief investment Strategist at BlackRock. EVEN if the Federal Reserve raises rates, dividend growth
      PHOTO: AF P  -  899 words
    • 813 26  -  By Barry Ritholtz BLOOMBERG New York MICHAEL Lewis is the poet laureate of the financial world. Each of his deeply researched, beautifully composed books causes a stir when published. Recall the brouhaha that erupted when Lewis, discussing his 2014 book Flash Boys
      BLOOMBERG; PHOTO: AFP  -  813 words
    • 483 26 Goldman Sachs goes overweight on commodities while Citigroup projects global pick-up in 2017 BLOOMBERG New York FOR commodity bulls, relief from five years of pain is in sight. The Bloomberg Commodity Index is set for its
      BLOOMBERG  -  483 words