The Business Times, 23 September 2016
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2016-09-23
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The Business Times
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Title Section22 2016-09-23 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, 201622 words
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Article, Illustration254 2016-09-23 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 as254 words
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Article, Illustration1136 2016-09-23 1 Andrea Soh - 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 ExchangeSource: Bloomberg, SGX - 1,136 words
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615 2016-09-23 1 Claire Huang - 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,615 words
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Article26 2016-09-23 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 +120.3326 words
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Page 1 Advertisements
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Advertisement5 2016-09-23 1 *****1 *****1 THE BUSINESS TIMES5 words
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Advertisement54 2016-09-23 1 OFFICE DEAL Shanghai’s Zhou family buys 60% of 139 Cecil Street real estate 16 US INTEREST RATES Yellen rebuffs pressure to hike as Fed gives economy room to run top stories 2 BACK INTO THE GROOVE Singapore’s music business is enjoying a revival as record stores expand and new ones54 words
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Advertisement11 2016-09-23 1 MEDICAL RESEARCH Chan Zuckerberg Initiative pledges US$3b to banish disease CONSUMER/1811 words
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TOP STORIES
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671 2016-09-23 2 Vivien Shiao - 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 another671 words
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478 2016-09-23 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
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619 2016-09-23 2 Anthony Rowley - 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 a619 words
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Article, Illustration738 2016-09-23 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 forBLOOMBERG - 738 words
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Article, Illustration495 2016-09-23 2 Lee U-Wen - 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-page495 words
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653 2016-09-23 3 Chuang Peck Ming - 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,653 words
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Article, Illustration538 2016-09-23 3 Christopher Lim - 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 had538 words
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Page 2 Advertisements
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Advertisement18 2016-09-23 2 Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 998818 words
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Advertisement13 2016-09-23 2 Fed makes it easier for Asia-Pacific central banks to stay dovish, Page 1913 words
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Page 3 Advertisements
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Advertisement138 2016-09-23 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 New138 words
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COMPANIES & MARKETS
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859 2016-09-23 4 Kenneth Lim - 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 Loh859 words
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338 2016-09-23 4 Lee Meixian - 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, a338 words
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262 2016-09-23 4 Jacquelyn Cheok - 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 recently262 words
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CORPORATE DIGEST
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Article78 2016-09-23 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 to78 words
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Article73 2016-09-23 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 vessels73 words
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Article97 2016-09-23 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 acquired97 words
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652 2016-09-23 6 Siow Li Sen - 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 to652 words
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721 2016-09-23 6 Amit Roy Choudhury - 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 in721 words
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329 2016-09-23 6 Siow Li Sen - 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 the329 words
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845 2016-09-23 7 Tan Hwee Hwee - 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 plan845 words
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560 2016-09-23 7 TAN HWEE HWEE - 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 outcome560 words
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Article, Illustration64 2016-09-23 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 Day64 words
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Article, Illustration640 2016-09-23 8 R Sivanithy - 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 comeSource: Bloomberg - 640 words
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Article303 2016-09-23 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 185303 words
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Article34 2016-09-23 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 792,350,00034 words
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Article108 2016-09-23 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 -1 279 292/289108 words
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Article77 2016-09-23 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 FTSE77 words
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Article, Illustration36 2016-09-23 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)36 words
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Article, Illustration33 2016-09-23 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)33 words
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Article186 2016-09-23 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 6186 words
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Article121 2016-09-23 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 Construction121 words
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Article75 2016-09-23 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 0.2 100.075 words
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Article75 2016-09-23 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 0.7/0.175 words
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Article81 2016-09-23 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 CMC81 words
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BROKERS’ TAKE
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Article117 2016-09-23 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 at117 words
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Article173 2016-09-23 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 plug173 words
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Article201 2016-09-23 8 Jamie Lee - Delfi Limited Hold Compiled by Jamie Lee Sept 22 close: S$2.15 Target price: s$2.34 OCBC Investment Research, Sept 22 After keeping our sell call on Delfi on Aug 11 following its latest results, the share price has declined by 14 per cent versus STI’s loss of about 0.7 per cent.201 words
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444 2016-09-23 9 CURRENCIES REUTERS London THE US dollar fell to its lowest in a week against the euro but recovered some ground against the yen on Thursday after the US Federal Reserve meeting balanced hints of a rise in interest rates this year with cutsREUTERS - 444 words
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FOREX RATES
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Article471 2016-09-23 9 Sep 22 A$ 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 5.115471 words
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Article155 2016-09-23 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 1.3055155 words
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Article22 2016-09-23 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: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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208 2016-09-23 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 915208 words
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377 2016-09-23 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 -1.5377 words
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Article381 2016-09-23 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 TAIWAN381 words
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BANK RATES
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Article154 2016-09-23 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 12154 words
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Article69 2016-09-23 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-36 101.469 words
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AGRI METALS ENERGY
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Article250 2016-09-23 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%250 words
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Article1795 2016-09-23 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 141.5 +1 132 142 140.5 0.9 8 901.8 Div 144 101 ARA Asset Mgmt 137 +1.5 630 1371,795 words
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Article336 2016-09-23 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 0.6 0.1 t Advanced Systems 0.2 unch 0 0.4 0.2 5.3 46.5 29.5 t Advancer Global 42.5xd -0.5 364 43.5 42.5 16.9 73.6 LOW Company336 words
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Article117 2016-09-23 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1210 1050 CIMBASEAN40 S$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$ US1378117 words
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Advertisement19 2016-09-23 4 To celebrate the 40th anniversary of The Business Times, we are turning your Weekend inside out... Are you ready?19 words
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Advertisement397 2016-09-23 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 of397 words
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Advertisement145 2016-09-23 6 FREE ADMISSION The European Union Presents in IT* i ''mill i "•lllll HIIIIh rf "mu TJDhiiiii =3*'S,ss*S AT UR DAY, OCTOBER I I0AM-5PM Peninsula Excelsior Hotel, 5 Coleman Street, S*****5 EXHIBITION HALL, LEVEL 5 K I b| V 5k! ■ferrm Al, tv ■Tv Why Study in Europe? Nations from around145 words
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Advertisement161 2016-09-23 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 guitarist161 words
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Advertisement195 2016-09-23 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:195 words
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Advertisement9 2016-09-23 8 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement71 2016-09-23 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!71 words
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BANKING & FINANCE
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Article, Illustration768 2016-09-23 11 Swiss wealth manager is stepping up hiring in Hong Kong and Singapore BLOOMBERG Singapore JULIUS Baer Group Ltd said Asia may overtake Europe as its biggest rev-enue-generating region, as the Swiss wealth manager steps up hiring in Hong KongBLOOMBERG; PHOTO: BLOOMBERG - 768 words
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387 2016-09-23 11 REUTERS New York BANK of America Corp has settled a lawsuit by a former top female banker who had accused it of being a “bro’s club” that favoured male employees over women, and punishing her because she complained about questionableREUTERS - 387 words
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Advertisement222 2016-09-23 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 the222 words
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ENERGY & COMMODITIES
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Article, Illustration522 2016-09-23 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 beREUTERS; PHOTO: BLOOMBERG - 522 words
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434 2016-09-23 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. TheBLOOMBERG - 434 words
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Advertisement413 2016-09-23 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 of413 words
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Advertisement1161 2016-09-23 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 IN1,161 words
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Advertisement624 2016-09-23 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 to624 words
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Advertisement19 2016-09-23 12 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices19 words
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TECHNOLOGY
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826 2016-09-23 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 reboundREUTERS - 826 words
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462 2016-09-23 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
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Advertisement1080 2016-09-23 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 interest1,080 words
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Advertisement1598 2016-09-23 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 IN1,598 words
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EMERGING ENTERPRISE 2016
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Article, Illustration775 2016-09-23 14 / 15 Renald Yeo - 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, KohPhotos by: ARTHUR LEE, The Business Times; AIDAN LOO, The Business Times; OCBC BANK - 775 words
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Advertisement228 2016-09-23 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 Provides228 words
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REAL ESTATE
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Article, Illustration691 2016-09-23 16 Kalpana Rashiwala - 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 boughtPHOTO: AIDAN LOO - 691 words
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627 2016-09-23 16 Lynette Khoo - 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 of627 words
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Advertisement434 2016-09-23 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 22:00434 words
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Advertisement110 2016-09-23 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) OR110 words
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Advertisement1203 2016-09-23 17 D04 HOUSE FOR SALE SENTOSA COVE Foreigners eligible! $11.xM Bungalow! 7600/7000 sf. 6+1+1, pool, rooftop jacuzzi, park 4 cars. Almost Sold! 9487 0396 CRE D10 HOUSE FOR SALE DUCHESS CREST Renovated Townhouse. Foreigners eligible. 5 bedrooms. 4122sqft. 1km to Nanyang Primary/ Raffles Girls’ Primary. $14xx psf. Call Jess 9126 45951,203 words
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CONSUMER
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565 2016-09-23 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. SalesBLOOMBERG - 565 words
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Article, Illustration630 2016-09-23 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 saidAFP; PHOTO: REUTERS - 630 words
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344 2016-09-23 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 oneREUTERS - 344 words
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Page 18 Advertisements
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Advertisement1218 2016-09-23 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 GREEN1,218 words
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Advertisement447 2016-09-23 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 if447 words
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Advertisement349 2016-09-23 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 HEREBY349 words
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Advertisement24 2016-09-23 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 882224 words
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GOVERNMENT & ECONOMY
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Article, Illustration861 2016-09-23 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
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356 2016-09-23 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 ofBLOOMBERG - 356 words
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695 2016-09-23 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 sayingREUTERS - 695 words
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Article, Illustration488 2016-09-23 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
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294 2016-09-23 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 getREUTERS - 294 words
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TRANSPORT
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Article, Illustration471 2016-09-23 20 Nisha Ramchandani - 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 threats471 words
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513 2016-09-23 20 Pauline Ng - 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 carrier513 words
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686 2016-09-23 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 toNYTIMES - 686 words
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Page 20 Advertisements
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Advertisement198 2016-09-23 20 Singapore INTERNATIONAL INDIAN EXP***** H. >m n > raft US fi n ..I ■tv nmtsv IH:: m f s}r *r J 1* fc.f M i W > 1ill It ZGb J^OU. corner Meet Greet HERO NO.I GOV1NDA SN SUNTEC CONVENTION EXHIBITION CENTRE, HALL: 401 402 22nd 25th SEP’2016,10AM TO 10PM198 words
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Advertisement55 2016-09-23 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 I55 words
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Page 21 Advertisements
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Advertisement2031 2016-09-23 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 NYK2,031 words
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Advertisement245 2016-09-23 21 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 262 PRW073 24/09/2016 25/09/2016 Pelindo/Perawang DAILY Marco Polo 298 PRW068 24/09/2016 25/09/2016 Perawang/Perawang DAILY Marco Polo245 words
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OPINION
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611 2016-09-23 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 growth611 words
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Article, Illustration834 2016-09-23 22 Robert J Samuelson - 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 USTHE WASHINGTON POST WRITERS GROUP - 834 words
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Article, Illustration1671 2016-09-23 22 Leon Hadar - 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 thePHOTO: AFP - 1,671 words
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839 2016-09-23 23 Lodewijk de Graauw, Dale Hardcastle - 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 sector839 words
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736 2016-09-23 23 Sumit Agarwal, Qian Wenlan - 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 to736 words
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Article, Illustration1049 2016-09-23 23 STEVEN CRANWELL - 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 SingaporePHOTO: AFP - 1,049 words
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CITY LIFE
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Article, Illustration898 2016-09-23 24 AVANTI NIM - 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’t898 words
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CITY BUZZ BT writers’ picks of what to see, do or talk about
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Article, Illustration258 2016-09-23 24 Dylan Tan - 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. KnownFILE PHOTO - 258 words
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Article, Illustration209 2016-09-23 24 Rachel Loi - 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,209 words
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Article, Illustration187 2016-09-23 24 Rachel Loi - 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 recent187 words
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Article, Illustration192 2016-09-23 24 Helmi Yusof - 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 imperfections192 words
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Article, Illustration220 2016-09-23 24 Tay Suan Chiang - 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 on220 words
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WINE/CINEMA/ARTS
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Article, Illustration950 2016-09-23 25 NK YONG - 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 toPHOTOS: NK YONG - 950 words
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Article, Illustration500 2016-09-23 25 Dylan Tan - 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 InternationalPHOTOS : DANNY LIM © APPARAT 2016 - 500 words
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Article, Illustration584 2016-09-23 25 Cheah Ui-Hoon - 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 and584 words
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Page 25 Miscellaneous
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Miscellaneous340 2016-09-23 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)340 words
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CINEMA
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Article, Illustration790 2016-09-23 26 CHEAH UI-HOON - 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 the790 words
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Article, Illustration609 2016-09-23 26 Geoffrey Eu - 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 her609 words
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Article, Illustration482 2016-09-23 26 Dylan Tan - 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 art482 words
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ARTS
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Article, Illustration873 2016-09-23 27 HELMI YUSOF - 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 toPHOTOS: JULIANA TAN - 873 words
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Article, Illustration652 2016-09-23 27 Helmi Yusof - 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 twin652 words
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Article, Illustration474 2016-09-23 27 Helmi Yusof - 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, thePHOTO: BERNIE NG - 474 words
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BT Lifestyle
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Article, Illustration1846 2016-09-23 28 DYLAN TAN - 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 sendFILE PHOTO; PHOTO: HEAR RECORDS - 1,846 words
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Page 28 Advertisements
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Advertisement4 2016-09-23 28 LifestyleBT@BT ifestyle BTLi estyle4 words
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Advertisement22 2016-09-23 28 CINEMA Celebrating animation again after 5 years 26 CITY LIFE BT writers’ picks of what to see, do or talk about 2422 words
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