The Business Times, 23 September 2016

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Total Pages: 27
1 28 The Business Times
  • 22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 052/08/2016 S$1.20 Friday, September 23, 2016
    22 words
  • Article, Illustration
    254 1 A study by HSBC finds that 94 per cent of local consumers between the ages of 18 and 34 consider reliability and trust when choosing a brand. TOP STORIES 3 Marco Polo Marine has a viable business although business is tough going, says chief executive Sean Lee as
    254 words
  • 1136 1  -  It’s on a quest for a bigger bite of the LNG pricing market; its new North Asia marker is eyeing pole position in a race that’s still wide open, say analysts By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE Singapore Exchange
    Source: Bloomberg, SGX  -  1,136 words
  • 615 1  -  Competition watchdog’s error means penalty payable falls from S$7.6m to S$4.8m following appeal By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FOR the first time, a financial penalty imposed by the Competition Commission of Singapore (CCS) has been reduced on appeal,
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  • 26 1 Thursday Change STI 2,846.06 -4.68 KL COMP 1,669.66 +10.93 NIKKEI 225 CLOSED CLOSED HANG SENG 23,759.80 +89.90 SHENZHEN B 1,194.32 +6.12 DOW(11.45 EDT) 18,414.03 +120.33
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  • TOP STORIES
    • 671 2  -  Business sentiment falls by 3.3 per cent to 50.2 this quarter according to the latest SBF-DP SME Index By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore THERE seems to be no respite for small and medium-sized enterprises (SMEs) here as they brace themselves for another
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    • 478 2 BLOOMBERG Seoul KOREA Development Bank (KDB), the main lender to Hanjin Shipping Co, offered a conditional credit line of 50 billion won (S$61.6 million) to help ease supply-chain disruptions caused by the collapse of the nation’s biggest container mover.
      BLOOMBERG  -  478 words
    • 619 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo A CONSENSUS emerged among analysts on Thursday that the Bank of Japan (BOJ) is close to the limits of its aggressive monetary easing, and that the yen could, for some time, rise as a
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    • 738 2 BLOOMBERG Washington FEDERAL Reserve chair Janet Yellen braved mounting opposition inside and outside the US central bank and delayed an interest-rate increase again to give the economy more room to run. While agreeing that the case for
      BLOOMBERG  -  738 words
    • 495 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore NTUC FairPrice, the largest supermarket chain in Singapore, on Thursday published its first sustainability report, which covers data and activities at all its 130 outlets and warehouse and logistics operations for the 2015 calendar year. The 37-page
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    • 653 3  -  HSBC study finds 94% of local consumers aged 18-34 consider these qualities when shopping By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE weak economy may be a key reason why shops in Singapore are empty of customers. Long-term factors may also be at work,
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    • 538 3  -  Star-studded programme will feature Grammy winners and local stars By Christopher Lim limchris@sph.com.sg @ChrisLimBT Singapore ANNIVERSARIES can be tricky for musicians; late bloomers don’t have much of a history to celebrate, while prodigies sometimes leave their best years behind them. Jeremy Monteiro, however, has had
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  • Page 3 Advertisements
    • 138 3 The Power of Dreams POWER REDEFINED V 2 r w ■■y. y A* y i mu < > L *2 3/ > 4 ;Sif <i Advanced Aerodynamics Super Born of a revolutionary idea, the Honda NSX continues the legacy of its illustrious predecessor. The advanced Honda NSX is a New
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  • COMPANIES & MARKETS
    • 859 4  -  It is mulling South Korea-linked futures, board lot rules as it navigates evolving industry By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore Exchange (SGX) is looking beyond its traditional businesses even as the initial public offering (IPO) sector shows signs of recovery, chief executive Loh
      859 words
    • 338 4  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A JOINT venture between Singaporelisted Lum Chang Holdings and a closed-end fund of LaSalle Investment Management Asia on Thursday signed a conditional share sale agreement to go ahead with the acquisition of The Verge, a
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    • 262 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore BEVERAGE maker Fraser and Neave (F&N) has announced three changes to its managerial team. Chief executive officer of beer, Prapakon Thongtheppairot, will retire from his role with effect from Oct 1. The 45-year-old was recently
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    • CORPORATE DIGEST
      • 78 4 THE Straits Trading Company said its subsidiary Straits Real Estate (SRE) has been in talks with potential buyers for the sale of an office building in central Melbourne. The discussions may or may not lead to the sale of the building, it said in an announcement to
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      • 73 4 VARD Holdings has bagged a US$40 million contract for the design and construction of two more module carrier vessels (MCVs) for Topaz Energy and Marine. Both vessels are scheduled for delivery in the second quarter of 2018, Vard said in a Singapore Exchange filing on Thursday. The vessels
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      • 97 4 GOLDEN Energy and Resources, formerly known as United Fiber System, has acquired a coal exploration and processing business in Indonesia for US$37.2 million. In an SGX filing on Thursday, the group said its 67 per cent owned subsidiary PT Golden Energy Mines Tbk (GEMS) has acquired
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    • 652 6  -  But Sean Lee says business is tough going due to the slump in oil prices By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore MARCO Polo Marine has a viable business although business is tough going, said the chief executive as the company asks bondholders to
      652 words
    • 721 6  -  Platform leverages vehicles as mobile WiFi access points By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore STARHUB and the National University of Singapore (NUS), in collaboration with ComfortDelGro Bus and Veniam, a company that has developed a WiFi-enabled box that can be set up in
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    • 329 6  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singapore dollar (SGD) rose on Thursday in line with other currencies after the US Federal Reserve kept interest rates unchanged but the local unit’s rally was weighed down as the
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    • 845 7  -  Need for trust-manager to convince unit-holders as note-holders’ wish for a more substantial debt-to-equity swap spells big unit dilution By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore FOLLOWING recent feedback from note-holders, Rickmers Maritime’s trustee-manager has tabled a revised note restructuring plan
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    • 560 7  -  HOCK LOCK SIEW BY TAN HWEE HWEE hweetan@sph.com.sg @HweetanBT “SHOW us the money!” It boils down to these four words these days for note-holders with investments in the beleaguered offshore and marine (O&M) industry. The anxiety of note-holders to push for the best outcome
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    • Article, Illustration
      64 8 STI Catalist Straits Times Index Sept 22, 2016 2,846.06 -4.68 (-0.16%) Current streak 2 days Day high 2,876.35 Day low 2,836.50 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Sept 22,2016 438.18 +1.89 (+0.43%) Current streak 2 days Day high 439.65 Day
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    • 640 8  -  ST Index’s early gains were more than wiped out as the HK market pulls back in the face of Dow futures weakness STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Thursday underwent a volatile session as traders struggled to come
      Source: Bloomberg  -  640 words
    • 303 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 +3 246/242 257 209 6.3 6809.1 CapitaCom Trust 159.5 +2 160/157.5 164 127 5.4 4725.3 CapitaLand 313 -1 317/311 340 267 12.5 2.9 *****.4 CapitaMall Trust 212 +2 213/210 225 185
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    • 34 8 VOLUME Magnus Energy 116,392,900 Ezra 116,387,900 Noble 100,410,300 Rex Intl 30,213,200 InnoPac 28,605,000 Market volume 1,545,978,000 VALUE Singtel 50,738,915 DBS Grp 42,757,465 Ascendas Reit 41,370,148 UOB 31,465,681 ComfortDelGro 30,367,617 Market value 792,350,000
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    • 108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MS SING US$ US114.2 2300 -/-116.2/97.5 114.5/115 5.7 Nikko AM STI ETF 295 427 298/295 320/259 294/296 7.1 IS MS INDIA US$ US746 +11 331 746/740 772/575 743/746 93.3 STI ETF 289 -1 279 292/289
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    • 77 8 Sep 22 VALUE CLOSE BT OB/OS -132.00 +27.00 BT CADI -*****.00 +36.00 BT 10-day MA -*****.00 -14.00 FTSE ST Mid Cap 689.39 +3.89 FTSE ST Small Cap 383.27 +0.65 FTSE ST All Share 699.51 -0.41 FTSE ST China Top 159.39 +0.09 FTSE ST China 194.73 -0.29 FTSE
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    • 36 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 22, 2016 699.51 -0.41 (-0.06%) Current streak 2 days Day high 705.44 Day low 697.77 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index Sept 21,2016 1,699.17 +17.78 (1.06%) Current streak 1 day Day high 1,706.82 Day low 1,678.35 52-week high 1,779.25 (Oct 26, 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 5 6 3 0 1 0 5 7 3 Manufacturing 31 25 35 7 9 9 38 34 44 Commerce 15 15 13 4 4 8 19 19 21 Tpt/Stor/Comms 13 12 6
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    • 121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,591 20 17,611 49,649 3 49,652 Manufacturing 76,594 31,770 108,364 65,247 606 65,852 Commerce 134,458 45,177 179,635 86,255 613 86,868 Tpt/Stor/Comms 189,419 5,297 194,716 133,841 552 134,393 Finance 48,901 52 48,953 121,590 8 121,598 Construction
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    • 75 8 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5915 234.0 3.0 6041/4629 DBXT Nifty50 ETF10 ***** 198.9 1.1 *****/***** SPDR S&P500 US$ ***** 182.6 0.6 *****/***** DBXT MSJAP US$ 5085 175.9 2.6 5085/4031 GLD US$ ***** 144.8 0.8 *****/***** BY PERCENTAGE CLOSE UP 52w high/low LionGold 0.2 100.0
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    • 75 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5945 -155.6 -1.9 6371/4500 DBXT S&P Short US$ 1947 -31.1 -1.2 2362/1930 Courage Marie 80 -26.0 -24.5 130/61 DairyFarm USD 697 -21.6 -2.2 753/556 Jardine C&C 4282 -17.0 -0.4 4520/2636 BY PERCENTAGE CLOSE DOWN 52w high/low LifeBrandz 0.1 -66.7 -0.2 0.7/0.1
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    • 81 8 VOL CLOSE($) CHANGE Yongmao 3.0 0.300 +0.050 +20.00 Singapore-eDev 3,498.0 0.029 -0.006 -17.14 Magnus Energy 116,392.9 0.002 +0.001 +100.00 China Great Land 80.0 0.013 -0.005 -27.78 Compact Metal 1,432.7 0.027 +0.003 +12.50 RickmersMaritime 10,947.5 0.047 -0.006 -11.32 Vashion 430.0 0.012 -0.003 -20.00 AsiaMedic 13,975.1 0.095 +0.004 +4.40 CMC
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    • BROKERS’ TAKE
      • 117 8 DBS Group Research, Sept 21 It’s too early to bargain hunt. Despite sharp decline in their share prices, M1 and StarHub may continue to spiral downwards. Potential new entrant may lead to a contraction in mobile sector revenue and secure 7 per cent revenue share by 2022 at
        117 words
      • 173 8 OUE Hospitality Trust Add Sept 22 close: S$0.67 Target price: S$0.75 CIMB Research, Sept 21 We reiterate our forecast of sequential improvement in OUEHT’s quarterly distribution per unit (DPU) hereon. Chiefly, the opening of Michael Kors (MK) and Victoria’s Secret (VS) in Mandarin Gallery (MG) in H2 2016 should plug
        173 words
      • 201 8  - Delfi Limited Hold Compiled by Jamie Lee Sept 22 close: S$2.15 Target price: s$2.34 OCBC Investment Research, Sept 22 After keeping our sell call on Delfi on Aug 11 following its latest results, the share price has declined by 14 per cent versus STI’s loss of about 0.7 per cent.
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    • 9 8 DATA I Sept 23 Singapore Consumer Price index
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    • 444 9 CURRENCIES REUTERS London THE US dollar fell to its lowest in a week against the euro but recovered some ground against the yen on Thursday after the US Federal Reserve meeting balanced hints of a rise in interest rates this year with cuts
      REUTERS  -  444 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Sep 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.997 5.101 0.681 5.932 51.100 100.189 0.770 8.455 3.144 1.043 80.143 36.600 1.035 10.253 0.742 24.009 26.516 0.586 0.765 Canada 1.003 5.115
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      • Article, Illustration
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      • Article, Illustration
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      • 155 9 Sep 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0345 1.0353 0.7647 0.7649 Canadian dollar 1.0373 1.0382 0.7670 0.7668 Euro 1.5187 1.5197 1.1226 1.1228 NZ dollar 0.9916 0.9927 0.7330 0.7334 Sterling pound 1.7655 1.7670 1.3051 1.3055
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      • 22 9 Sep 22 S$ Bid Offer 1-month 1.3524 1.3535 2-months 1.3523 1.3532 3-months 1.3521 1.3529 6-months 1.3513 1.3524 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 208 9 Most active Sep 22 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left STI 2800 MB eCW*****1 5.4 unch 2720 0.0 1 DBS MB eCW*****1 11.2 unch 2673 0.1 1550 5 OCBC Bk MB eCW*****8 3.1 -0.1 2476 0.1 915
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 21 Index Change Change Change Change Change Change World Preliminary 1299.4 0.5 1.7 0.4 -1.2 0.6 3.0 EAFE Preliminary 973.9 0.9 -3.9 0.9 -5.1 1.1 -1.0 Europe Preliminary 1391.3 0.3 -1.5
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      • 381 9 Sep 22 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9605.00 9732.50 9587.50 9665.00 *****6 *****3 Oct16 9630.00 9760.00 9605.00 9667.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****3 Mar17 *****.00 *****.00 *****.00 *****.00 6 996 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Sep 22 $S Offer Bid 0vernight 0.04 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
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      • 69 9 Sep 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.14 106.16 106.15 5-Year NX*****X 2.250 01-Jun-21 104.5 104.55 104.55 10-Year NX*****F 2.125 01-Jun-26 103.05 102.90 102.85 15-Year NZ*****F 2.875 01-Sep-30 109.52 109.55 109.10 20-Year NZ*****X 2.250 01-Aug-36 101.4
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    • AGRI METALS ENERGY
      • 250 9 Sep-21 Price Net change change Last Trade Agricultural Sep-21 CBOT Soybeans (US cents/bu) 975.50 -14.25 -1.44% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.40 -0.43 -1.27% 14/10/2016 CBOT Wheat (US cents/bu) 407.75 1.75 0.43% 14/12/2016 Sep-21 LIFFE Cocoa (£/tonne) 2308.00 3.00 0.13% 13/12/2016 LIFFE Coffee (US$/tonne) 1982.00 31.00 1.59%
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    • 1795 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 141.5 +1 132 142 140.5 0.9 8 901.8 Div 144 101 ARA Asset Mgmt 137 +1.5 630 137
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    • 336 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 0.6 0.1 t Advanced Systems 0.2 unch 0 0.4 0.2 5.3 46.5 29.5 t Advancer Global 42.5xd -0.5 364 43.5 42.5 16.9 73.6 LOW Company
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    • 117 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1210 1050 CIMBASEAN40 S$D 1182 +14 0 1182 1182 vol 3268 2355 DBXT China50 US$ US3221 +3 17 3268 3212 8.9 Day 1387 995 DBXT MSCHINA US$ US1378
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  • Page 5 Advertisements
    • 397 5 Principal Garden A premium space. Where space is truly a premium. Unique garden living concept, with 80°/o of land area dedicated to lush gardens and outdoor grounds, sweeping lawns, pools and water features. I 1* •fcr’S v- m m m fmSSm -w -> m, 1 i M* a Winner of
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  • Page 6 Advertisements
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    • 161 6 The Business Times Showtime Productions present a night of jazz in collaboration with Esplanade Theatres on the Bay Jazzy Business September 30, 2016 Friday, 8pm Esplanade Concert Hall Celebrates BT’s 40th birthday and Cultural Medallion recipient Jeremy Monteiro’s 40th year in showbiz with a programme that includes Grammy-winning jazz guitarist
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  • Page 7 Advertisements
    • 195 7 AccountStaff A Stone Forest Company Globally Connected RSM RETAIL Accounting We Take Away Your Pain Points Processing voluminous invoices payments Reconciliation of receipts collections End-to-end accounting 1 www.AccountStaff.com.sg lnfo(a)AccountStaff.com.sg T +65 6594 7946 BOUSTUB PROUSTS □ur heartiest congratulations to EjcjucjteniH Llir/jltml on reaching its C Anniversary Fire With Compliments From:
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  • Page 10 Advertisements
    • 71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • BANKING & FINANCE
  • Page 11 Advertisements
    • 222 11 GREAT SALE UP TO 80% OFF Seize this great opportunity to own a German Kitchen at a very special offer! poggen Premium European Kitchen Systems pohl Ifl C0RI1UE rational HaCKer I Q UV/I Itll kitchen.german Made. kitchen culture Kitchen Culture has been established over 25 years. We bring you the
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  • ENERGY & COMMODITIES
    • 522 12 6.2m barrel fall could also be due to ongoing production and supply chain issues, says Citigroup REUTERS New York THE large weekly draw in US crude inventory data that sent oil prices surging and left traders scratching their heads can be
      REUTERS; PHOTO: BLOOMBERG  -  522 words
    • 434 12 BLOOMBERG Manila THE Philippines deepened the shake-up of its mining industry on Wednesday, announcing that it will suspend more than 10 mines in the world’s largest nickel supplier in addition to the 10 halts that have already been made. The
      BLOOMBERG  -  434 words
  • Page 12 Advertisements
    • 413 12 HYFLUX LTD Company Registration No.: *****2722Z (Incorporated in the Republic of Singapore) NOTICE OF CLOSURE OF BOOKS FOR 6% CUMULATIVE NON-CONVERTIBLE NON-VOTING PERPETUAL CLASS A PREFERENCE SHARES (TRADING NAME: HYFLUX 6% CPS 10) (“PREFERENCE SHARES”) NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Preference Shareholders of
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    • 1161 12 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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    • 624 12 JURONG TOWN CORPORATION (“JTC”) The JTC Summit, 8 Jurong Town Hall Road, Singapore *****4 NOTICE is hereby given that the below mentioned JTC unsecured note certificates (“Note Certificates”) issued pursuant to the JTC Act (Chapter 150) of Singapore have been reported as lost/misplaced and the registered noteholders have applied to
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    • 19 12 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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  • TECHNOLOGY
    • 826 13 Larger tech firms are watching upcoming listings to see if prices hold up enough to justify their own IPOs REUTERS Frankfurt A HANDFUL of European tech firms are testing the appetite for initial public offerings, taking their lead from a modest rebound
      REUTERS  -  826 words
    • 462 13 Removal requests up 13% in first half 2016, with the largest volumes coming from Turkey and Russia AFP San Francisco TWITTER saw a jump in official requests to remove posts in the first half of this year, the company said on Wednesday.
      AFP  -  462 words
  • Page 13 Advertisements
    • 1080 13 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MF GLOBAL SINGAPORE PTE. LIMITED (IN CREDITORS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****3253G) NOTICE OF INTENDED FINAL DIVIDEND Name of Company Address of Registered Office Last Day for Receiving Proofs for Claims (including any pre-liquidation interest
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    • 1598 13 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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  • EMERGING ENTERPRISE 2016
    • 775 14 / 15  -  By Renald Yeo yrenald@sph.com.sg Singapore TECHNOLOGY and innovation were the two buzzwords at this year’s Emerging Enterprise Award (EE 2016) and it’s no small wonder they were. Repeated references were made by Minister of State for National Development, and Trade and Industry, Koh
      Photos by: ARTHUR LEE, The Business Times; AIDAN LOO, The Business Times; OCBC BANK  -  775 words
  • Page 14 / 15 Advertisements
    • 228 14 / 15 STAND OUT IN YOUR FIELD rCD fik o A A m Jointly Presented By: THE BUSINESS TIMES Bank Congratulations to the winners and finalists of the Emerging Enterprise Award 2016 Emerging Enterprise Award Winners Benjamin Barker Aust Pte Ltd Premium menswear lifestyle concept retail store. Ecommerce Enablers Pte Ltd Provides
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  • REAL ESTATE
    • 691 16  -  Transaction said to value leasehold office block at S$140m; Zhous acquired next-door property last year By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE Zhou family from Shanghai who picked up an office block at 137 Cecil Street last year has bought
      PHOTO: AIDAN LOO  -  691 words
    • 627 16  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE-BASED Chinese developer MCC Land is opening its showflat for 626-unit The Alps Residences this Saturday, with sources saying that the 99-year leasehold condominium project in Tampines will be priced in the range of
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  • Page 16 Advertisements
    • 434 16 •jk m V'. SOT® ‘W itl myaK ss JSrvkW-lM tASfcA ’**f .mil Sr J! «rr asae; Js <* a* :-r r^ m V?’* BE LS 1 iSS IS 5fc 3 fW ••r Exclusive cocktail evening FEATURING SUN GROUP’S PROJECTS Venue Balmoral Hall, Royal Plaza, Scotts Singapore Hotel Time 18:30 22:00
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    • 110 16 MEDIA CENTRE; GENTING LANE B1 INDUSTRIAL SPACE FOR RENT Fully fitted air-cond industrial office with carpet Area from 700 sq ft to 7,653 sq ft Interested, please call Shawn at 9694 5349 KESAVAPANY IS tabla COMMUNITY CHAMPION OF THE YEAR GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR
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  • Page 17 Advertisements
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  • CONSUMER
    • 565 18 Sales at retail outlets nationwide fall 6% in August despite 13% rise in visitor arrivals the same month BLOOMBERG Tokyo THE record throngs of international tourists visiting Japan have failed to jolt the country’s department stores out of a slump. Sales
      BLOOMBERG  -  565 words
    • 630 18 AFP San Francisco MARK Zuckerberg and his wife on Wednesday pledged US$3 billion over the next decade to help banish or manage all disease, pouring some of the Facebook founder’s fortune into innovative research. “This is a big goal,” Mr Zuckerberg said
      AFP; PHOTO: REUTERS  -  630 words
    • 344 18 REUTERS Bangkok THE Thai capital of Bangkok has beaten London to be crowned the world’s most popular travel destination this year, according to an annual ranking by global payments and technology company Mastercard, released on Thursday. Tourism has been one
      REUTERS  -  344 words
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    • 1218 18 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 GREEN
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    • 447 18 LOST SHARE CERTIFICATE(S) The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares ComfortDelGro Corporation Limited *****96 Gnanaratnam Tavarajah 1x600 -do- *****17 Baptist Adolphus, deceased 1x16,039 SBS Transit Ltd *****08 -do- 1x1,200 NOTICE IS HEREBY GIVEN that if
      447 words
    • 349 18 IN THE GRAND COURT OFTHE CAYMAN ISLANDS FINANCIAL SERVICE DIVISION CAUSE NO. FSD 117 OF 2016 IN THE MATTER OF CACOLA FURNITURE INTERNATIONAL LIMITED (the “Company”) AND IN THE MATTER OF THE COMPANIES LAW (2013 REVISION) AND IN THE MATTER OF THE GRAND COURT RULES 1995 O.102 NOTICE IS HEREBY
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    • 24 18 Reel in a prized catch of jobs from The Straits Times Recruit every day! To advertise, call The Straits Times Recruit Hotline: 1800-289 8822
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  • GOVERNMENT & ECONOMY
    • 861 19 July’s sales pace is revised to 5.38m units from previously reported 5.39m LATEST US DATA REUTERS BLOOMBERG AFP Washington US home resales unexpectedly fell in August, crimped by a shortage of inventory that is boosting home prices faster than the pace of wage growth.
      REUTERS; BLOOMBERG; AFP; PHOTO: BLOOMBERG  -  861 words
    • 356 19 This is second round of central bank’s programme to boost credit to the real economy BLOOMBERG Frankfurt THE European Central Bank (ECB) handed 45.3 billion euros (S$69 billion) to euro-area lenders at a zero interest rate, in the second round of
      BLOOMBERG  -  356 words
    • 695 19 REUTERS Singapore BY dallying over raising interest rates, the US Federal Reserve made it easier this week for central banks in the Asia-Pacific to stay dovish, with Indonesia lowering its rates on Thursday and Australia and New Zealand saying
      REUTERS  -  695 words
    • 488 19 REUTERS New Delhi INDIAN Prime Minister Narendra Modi’s government is to make a renewed drive to overhaul labour laws, hoping to create millions of new jobs by making it easier to hire and fire, the labour ministry’s top bureaucrat said on Thursday.
      REUTERS; PHOTO: AFP  -  488 words
    • 294 19 REUTERS Hanoi VIETNAM is trying to raise the retirement age of both men and women to mitigate the economic impact of a rapidly ageing population and take pressure off its depleted social welfare funds. The Labour Ministry wants to get
      REUTERS  -  294 words

  • TRANSPORT
    • 471 20  -  The Republic is planning to work with the association to set up a global safety predictive analytics research centre By nishar@sph.com.sg Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SPEED and innovation are key for the economic health of the airline industry amid potential threats
      471 words
    • 513 20  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA has confirmed plans to raise the air travellers’ passenger service charge (PSC) effective Jan 1 in a move that is likely also to standardise the charges between KLIA and KLIA2, to the detriment of budget carrier
      513 words
    • 686 20 NYTIMES Teheran THE United States on Wednesday removed a final hurdle for Western aircraft manufacturers to sell planes to Iran, a country desperately in need of hundreds of new aircraft. The Treasury Department granted aviation giants Airbus and Boeing licences to
      NYTIMES  -  686 words
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    • 55 20 zaobao 58 Sr Your essential Chinese news and infotainment choice is now here. The newly upsized and refreshed zaobao.sg incorporates enriching content from Lianhe Zaobao, Lianhe Wanbao and Shin Min Daily News. Explore now www.zaobao.sg Q H Download on the I k GETITON lianhe zaobao AppStore I Google Play I
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    • 2031 21 THE BUSINESS TIMES SHIPPING TIMES C a i l a n B r i s b a n e E n n o r e J e d d a h Shanghai Chittagong ~Ho Chi Minh H o n g J e b e l A i K o NYK
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  • OPINION
    • 611 22 EDITORIAL WHEN Philippine President Rodrigo Duterte swept into power in a decisive victory in May, he took over a country whose economic fortunes had been transformed. In the six years under his predecessor, Benigno Aquino III, the Philippines’ annual GDP growth
      611 words
    • 834 22  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington GUESS what? A President Trump could adopt his new trade agenda without any authorisation from Congress and this could trigger a global trade war and a deep US
      THE WASHINGTON POST WRITERS GROUP  -  834 words
    • 1671 22  - Finding an excuse to vote for Trump or Clinton Polls suggest a big majority of Americans dislike both candidates, one more than the other By Leon Hadar Washington I RECENTLY visited the north-eastern-most state of Maine, known for its breathtaking natural scenery, like the granite and spruce islands of the
      PHOTO: AFP  -  1,671 words
    • 839 23  - Why oil gas companies should embrace the digital age more fully COMMENTARY By Lodewijk de Graauw, Dale Hardcastle T The writers are Bain Company partners at its Perth and Singapore offices, respectively UNLIKE other industries that are enjoying a sudden embrace of benefits from data, the oil and gas sector
      839 words
    • 736 23  -  COMMENTARY By Sumit Agarwal, Qian Wenlan TThe writers are respectively visiting professor and associate professor in the department of finance at the National University of Singapore Business School. Their views do not represent those of NUS. RECENT changes to
      736 words
    • 1049 23  -  Low labour costs, a skilled workforce, greater FDI inflows as well as China’s economic transformation help make the country a compelling destination for manufacturers. BY STEVEN CRANWELL BY STEVEN CRANWELL T The writer is managing director and head of commercial banking, HSBC Singapore
      PHOTO: AFP  -  1,049 words


  • CITY LIFE
    • 898 24  -  Zingohub’s co-founder explains the startup’s business model, its hopes for growth and why it is more than just a crowdfunding platform. BY AVANTI NIM BY AVANTI NIM IF you’re an innovator at heart, but has been stymied by one too many investors who just don’t
      898 words
    • CITY BUZZ BT writers’ picks of what to see, do or talk about
      • 258 24  -  By Dylan Tan MUSIC Scott Bradlee’s Postmodern Jukebox Live in Singapore YOUTUBE sensation Scott Bradlee’s Postmodern Jukebox is back after a sold-out show at Kallang Theatre last year and will be playing in much-big-ger premises so nobody has to miss out this time. Known
        FILE PHOTO  -  258 words
      • 209 24  -  FESTIVAL By Rachel Loi THE theme is food, fashion and art this weekend at foodpanda Singapore’s first-ever Rooftop Revelry festival which will be held at the tapas bar Lepark in People’s Park Complex. This one-day event will feature food and cocktails from eateries such as Keith Crackling Roast,
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      • 187 24  - Cocotte X Morsels Collaboration: Wine Sake Dinner DINING By Rachel Loi ENGLAND meets Japan in a wine and sake dinner next Monday evening as two local chefs come together for their first collaboration dinner. Anthony Yeoh of rustic French restaurant Cocotte will be making dishes in- spired by his recent
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      • Article, Illustration
        192 24  -  MUSICAL By Helmi Yusof THIS local Mandarin musical centres on seven characters struggling with various problems such as grief, autism and blindness. Meeting one other at a barter shop to try and exchange items for things that they don’t have, they gradually realise the value of their imperfections
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      • Article, Illustration
        220 24  -  FESTIVAL By Tay Suan Chiang INSTAGRAMMER Yafiq Yusman (@_yafiqyusman_) captures symmetrical shots of Singapore buildings, showcasing the country’s architecture from a unique prespective. For one day only, Yafiq will give a crash course in how best to take architecture photos. His “How to Take Kicka** Architectural Photos on
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  • WINE/CINEMA/ARTS
    • Article, Illustration
      950 25  -  A 12-hour trans-Pacific flight becomes a wine-tasting session, courtesy of SIA’s wine list in First Class BY NK YONG THE effects on the system when flying have been well-docu-mented and make for very interesting reading. Flying at such heights demands that cabin pressure be kept as close to
      PHOTOS: NK YONG  -  950 words
    • 500 25  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT ACCLAIMED Malaysian filmmaker Dain Iskandar Said’s fantasy noir thriller Interchange will open this year’s Singapore International Film Festival (SGIFF) on Nov 23. The Indonesian-Malaysian co-production will make its Asian premiere here after receiving critical praise at the Locarno International
      PHOTOS : DANNY LIM © APPARAT 2016  -  500 words
    • 584 25  -  By Cheah Ui-Hoon uihoon@sph.com.sg SRI Lankan artist Pala Pothupitiye’s Other Map Series looks beyond officially constructed maps and imagines a different past or an alternate future by creating an atlas of maps. Meanwhile, Desert Islands another atlas of 100 engraved mirrors each bearing an island and
      584 words
  • Page 25 Miscellaneous
    • 340 25 CRYPTIC CROSSWORD Across 1 Northern Europeans must adopt centigrade measures (6) 5 Holding supplies of a particular hosiery item (8) 9 steep service charge after the first of March (8) 10 Favouring attack, to gain an advantage (6) 11 Quiet dependable person going around in the morning for plant (8)
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  • CINEMA
    • 790 26  -  The Singapore Film Society is bringing back Animation Nation, showcasing award-winning works of Adam Elliot. BY CHEAH UI-HOON uihoon@sph.com.sg ANIMATION Nation returns to Singapore next month after a five-year hiatus complete with cartoon features, shorts, seminars and workshops. Founded back in 2004 by the
      790 words
    • 609 26  -  By Geoffrey Eu WHEN you’re a wealthy heiress with a passion for opera, a doting husband and a truly terrible singing voice, performing in Carnegie Hall isn’t an impossible dream. Manhattan socialite Florence Foster Jenkins had a badly misplaced confidence in her
      609 words
    • 482 26  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT WITH some directors, you can guess exactly what kind of film you are in for. That can be said of Nicolas Winding Refn, whose consistently masterful eye for visually striking neon-lit images always makes his movies look like pop art
      482 words

  • ARTS
    • 873 27  -  MC Escher is underrated in the world of art but is widely revered by mathematicians and scientists. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT ANYONE living in the 21st century would have seen several of MC Escher’s images although his name might not so quickly come to
      PHOTOS: JULIANA TAN  -  873 words
    • 652 27  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT NELSON Chia, one of Singapore’s top Mandarin theatre directors, is only 44. But he has been thinking about death and old age for more than a decade now. Married to actress Mia Chee, with whom he has 12-year-old twin
      652 words
    • 474 27  -  SINGAPORE INTERNATIONAL FESTIVAL OF ARTS By Helmi Yusof helmi@sph.com.sg @HelmiBT THE penultimate offering of the Singapore International Festival of Arts was a beautiful and compelling socio-polit-ical work titled A Letter/Singapore by celebrated American choreographer Bill T Jones. Though it addresses more urgently Black Lives Matter, the
      PHOTO: BERNIE NG  -  474 words

  • BT Lifestyle
    • 1846 28  -  Proving that the vinyl craze is no fad, record stores in Singapore are on the expansion trail and new ones have even popped up in recent months. BY DYLAN TAN BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT RESIST the temptation to pack that dusty old turntable and send
      FILE PHOTO; PHOTO: HEAR RECORDS  -  1,846 words
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