The Business Times, 5 October 2016

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Wednesday, October 5, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    234 1 The Singdollar falls and is now back to its early-June levels, but local interest rates remain weak on ample liquidity, as inflows make their way to the resurgent region. TOP STORIES 2 Eight years after the decision to embrace a 0.5 per cent global cap on the sulphur
    234 words
  • Article
    Lock icon Call to woo hardware builders to augment S’pore’s startup ecosystem
    779 1  -  But inexperience with physical work, lack of talent and MNC support are hurdles to overcome STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore FOR years, Singapore has nurtured software startups. It should now aim to add another piece to the jigsaw
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  • Article, Illustration
    Lock icon The new BT Weekend: A double bill to lift your weekend reading
    725 1  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore THE Business Times (BT) will unveil a new look and content reboot for its weekend edition this Saturday. The Business Times Weekend retains the compact size that readers are familiar with, but
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  • Article
    Lock icon MARKETS
    25 1 Tuesday Change STI 2,884.64 +13.80 KL COMP 1,661.25 +8.70 NIKKEI 225 16,735.65 +136.98 HANG SENG 23,689.44 +105.01 SHENZHEN B CLOSED DOW(11.45 EDT) 18,255.39 +1.54
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      120 1 *****1 *****1 THE BUSINESS TIMES A masterclass of market insights from Dr Marc Faber John Jacob Ballroom The St Regis Singapore Saturday 22 October, 12 noon Hear from the author of the Gloom, Boom and Doom Report and learn about the market opportunities and dangers to the economic world as
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      14 1 CSISG Q2 SCORECARD Thumbs up for 3 out of 5 sectors CUSTOMER SATISFACTION INDEX/15
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      29 1 HOCK LOCK SIEW Rules should apply equally to all players big and small COMPANIES MARKETS 8 SEAFRONT PROPERTY Sentosa Cove bungalow sold for a near-record price top stories 2
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  • TOP STORIES
    • Article
      Lock icon Singdollar slides, local interest rates remain weak
      436 2  -  SGD fell to S$1.3687 against the greenback on Monday on USD strength and the battering of the sterling, lower euro By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singdollar (SGD) fell on Tuesday and is now back to its early-June levels, but local
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    • Article, Illustration
      Lock icon Sentosa Cove bungalow fetches near-record price of S$2,923 psf on land area
      696 2  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A BUNGALOW in a prime seafront location on Sentosa Cove has been sold for a near-record price of S$ 2,92 3 per square foot (psf) on land area. The absolute price works
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    • Article
      Lock icon Jakarta tax amnesty has little impact on banks here: RHB
      470 2  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE tax amnesty scheme in Indonesia has had a much smaller impact on funds flowing out of Singapore’s private banking industry than feared, an RHB report suggested on Tuesday. The funds flowing out of
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    • Article
      Lock icon Global growth outlook overshadowed by protectionism: IMF
      798 2  -  By Anthony Rowley btworld@sph.com.sg Washington THE International Monetary Fund (IMF), predicting that global economic growth will remain subdued this year and the next, has warned that the situation could worsen if the world turns its back on globalisation. The agency’s chief economist and
      798 words
    • Article
      Lock icon Concerns over global sulphur cap to dominate upcoming bunkering conference
      1138 4  -  In 2008, the IMO committed to a 2020 cap in sulphur emissions, but the implementation has been patchy By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore IT has been eight years since the International Maritime Organization (IMO) first committed to a
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    • Article
      Lock icon Sterling dives to 30-year low
      575 4 BLOOMBERG London THE pound tumbled to its lowest level in three decades amid mounting concern the UK is heading for a so-called hard Brexit that would restrict access to the European Union’s single market. Sterling exceeded its lows versus the dollar set in the wake
      BLOOMBERG  -  575 words
    • Article, Illustration
      Lock icon Unprepared British consumers face price squeeze
      872 4 With the pound weaker now, retailers will need to decide whether to pass on their higher costs to shoppers BREXIT NERVES REUTERS London BRITISH shoppers tempted by Apple’s new iPhone are having to dig deeper into their pockets in these post-Brexit-vote days: the US
      REUTERS; PHOTO: AFP  -  872 words
    • Article, Illustration
      Lock icon Deutsche’s pain a sign bank regulation is working
      846 6  -  Despite the US Dept of Justice threatening a US$14b fine, the German lender is in better financial shape now than in 2008 COMMENTARY By Peter Thal Larsen REUTERS London DEUTSCHE Bank’s jitters have revived memories of 2008. Like that turbulent autumn eight
      REUTERS; PHOTO: REUTERS  -  846 words
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      52 5 Congratulations to M C j 1 J i IA T)i on the launch of his autobiography MY LIFE STORY A m i m 4 w w c F l > V hd' H; M WILEY WllEV From the Board of Directors and Senior Management of Lippo Group and OUE Limited
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      104 6 V x'SMU SINGAPORE MANAGEMENT UNIVERSITY I Centre for Cross-Border Commercial Law in Asia Jones Day Professorship of Commercial law lecture Taming The Machine? Liability Responsibility for Machine Learning Technology Speaker Professor Chris Reed Jones Day Professor of Commercial Law Commentary Elizabeth Cole Partner, Jones Day Singapore Thursday, 10 November 2016
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  • COMPANIES & MARKETS
    • Article
      Lock icon Rules should apply equally to all players – big and small
      757 8  - Rules should apply equally to all players big and small SGX’s guides on false market activities a shrewd move but it must ensure fair application of rules at all times HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT THE Singapore Exchange’s new Trade Surveillance Handbook and Members’ Surveillance Dashboard are
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    • Article, Illustration
      Lock icon Opportunties in stocks of three high-end developers
      1063 8  -  COMMENTARY By Eli Lee T The writer is vice-president and senior investment analyst at OCBC investment Research. AN adage in investment circles goes: be greedy when others are fearful. Equity markets are forward-looking and when participants grow overly pessimistic about the future, share
      SPH FILE PHOTO  -  1,063 words
    • Article, Illustration
      Lock icon Global M&A scene hit by uncertainties
      585 8  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore ECONOMIC and political uncertainties this year have left their mark on global deal-making: the value of mergers and acquisitions (M&A) entered into so far this year has fallen by more than a fifth compared with the corresponding period
      Source: Mergermarket  -  585 words
    • Article
      Lock icon Hedge fund urges Metro to pay extra dividend
      579 8 BLOOMBERG Singapore ACTIVIST investor Quarz Capital Management has turned its sights on Singapore, calling on retailer and real estate developer Metro Holdings to return excess cash to investors. Metro’s net cash holdings of S$393 million are high compared with other companies listed
      BLOOMBERG  -  579 words
    • Article, Illustration
      Lock icon Analysts positive on Genting Malaysia’s disposal of HK unit
      604 9  -  But special dividend unlikely as funds are earmarked for working capital and expansion By Pauline Ng btworld@sph.com.sg Kuala Lumpur EVEN though a related party transaction, analysts are positive on Genting Malaysia’s disposal of its entire 16.9 per cent stake in Genting
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    • Article
      Lock icon China Int’l to sell loss-making Tianjin unit for 460m yuan
      336 9  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore INVESTMENT holding company China International Holdings (CIH) has inked a deal to sell a loss-making prop-erty-development unit for 460 million yuan (S$94.4 million) in cash, it said in a Singapore Exchange (SGX) filing on
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    • Article, Illustration
      Lock icon Firms bought back S$72.6m of shares in September
      349 10  -  Repurchases by 35 firms led by DBS’s S$27.4m; first three quarters saw S$752m in share buybacks By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SOME S$72.6 million in stock were repurchased by 35 companies in September, with the biggest repurchase made by DBS, data
      SGX, Bloomberg (data as at October 3,2016)  -  349 words
    • Article
      Lock icon Pan-United’s founding family buying its tug & barge business for S$29.92m
      304 10  - Pan-United’s founding family buying its tug barge business for S$29.92m By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore PAN-UNITED Corporation’s founding family and controlling shareholders have proposed to buy its loss-making tug and barge business for S$29.92 million. The deal involves the purchase of wholly owned Pan-United Shipping and PU Vision, which
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    • CORPORATE DIGEST
      • Article
        Lock icon Metech International
        62 10 waste management company Metech International said it plans to issue S$2 million worth of non-convertible high-yield bonds through a crowdfunding platform. The two-year bonds will pay a coupon rate of 8 per cent per annum, though half of the principal is due in 12 months. The company can
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      • Article
        Lock icon Wilmar International
        32 10 wilmar international has tied up with Brazil’s Raizen Energia to form one of the world’s largest exporters of Brazilian sugar with a total volume of 4.5 million tonnes a year.
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      • Article
        Lock icon Prudential Corporation Asia
        34 10 PHILIP Seah, Prudential Singapore’s outgoing CEO, will become senior adviser in Prudential Corporation Asia. Wilf Blackburn, current Vietnam country head and CEO of Prudential Vietnam, will take over from Mr Seah.
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    • Article, Illustration
      Lock icon STI / Catalist
      64 12 STI Catalist Straits Times Index Oct 4, 2016 2,884.64 +13.80 (+0.48%) Current streak 2 days Day high 2,885.15 Day low 2,870.66 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Oct 4,2016 452.88 +0.68 (+0.15%) Current streak 2 days Day high 454.08 Day
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    • Article
      Lock icon GAINERS
      73 12 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 357.2 2.0 *****/***** JMH USD 6143 83.5 1.0 6371/4500 Jardine C&C 4339 53.0 1.2 4520/2710 DBXT MSTHAI US$ 2021 32.9 1.2 2107/1419 DairyFarm USD 730 19.2 2.0 753/556 BY PERCENTAGE CLOSE UP 52w high/low ChasenHldg W*****1 0.6 100.0 0.3
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    • Article
      Lock icon LOSERS
      75 12 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -154.7 -0.5 *****/***** GLD US$ ***** -80.8 -0.5 *****/***** DBXT MSJAP US$ 5051 -56.1 -0.8 5110/4031 DBXT China50 US$ 3174 -30.1 -0.7 3268/2355 Hyflux 6% CPS 9745 -25.0 -0.3 *****/9200 BY PERCENTAGE CLOSE DOWN 52w high/low Singapore-eDev R 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE Jiutian Chemical 10,038.5 0.015 +0.002 +15.39 Mirach Energy 180.9 0.078 +0.020 +34.48 Interra Resource 8,320.3 0.064 +0.007 +12.28 XMH 250.0 0.380 -0.015 -3.80 Charisma Energy 49,093.4 0.006 -0.001 -14.29 Nam Cheong 19,148.6 0.057 +0.007 +14.00 Dyna-Mac 2,572.0 0.126 +0.016 +14.55 Sri Trang Agro 60.2 0.445
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    • Article, Illustration
      Lock icon STI ends higher but poor volume persists
      654 12  -  The benchmark index’s 13.8 points rise pushes it about two points into the black for 2016 STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT LIQUIDITY has been a problem in daily trading for many months now and Tuesday’s turnover of 1.5 billion units worth S$766
      Source: Bloomberg  -  654 words
    • Article
      Lock icon STI STOCKS
      302 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 249 -1 250/247 257 209 6.2 6920.3 CapitaCom Trust 162 unch 162.5/160 164 127 5.3 4799.3 CapitaLand 319 +3 321/314 340 280 12.8 2.8 *****.9 CapitaMall Trust 217 unch 217/215 225 185
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    • Article
      Lock icon MOST ACTIVE
      34 12 VOLUME Noble 345,357,000 Ezra 69,767,800 Charisma W*****3 62,818,900 Charisma Energy 49,093,400 Rex Intl 45,057,400 Market volume 1,997,363,000 VALUE Singtel 58,283,494 Noble 56,715,931 UOB 37,467,103 DBS Grp 32,022,966 CapitaLand 27,807,530 Market value 795,045,000
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    • Article
      Lock icon SGX ETFS
      106 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 293 +1 625 294/292 314/254 292/294 Nikko AM STI ETF 299 +2 90 299/298 320/259 298/300 7.2 DBXT MSBrazil US$ US379 +10 43 381/379 391/190 378/380 ABF SG Bond ETF 118.9 -0.2 32 119/118.9
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Oct 4 VALUE CLOSE BT OB/OS 209.00 +110.00 BT CADI -*****.00 +84.00 BT 10-day MA -*****.00 +21.00 FTSE ST Mid Cap 699.51 +3.22 FTSE ST Small Cap 384.65 +1.55 FTSE ST All Share 709.13 +3.33 FTSE ST China Top 160.51 +0.91 FTSE ST China 197.63 +0.99 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 12 STI FTSE ST All-Share FTSE ST All-Share index Oct 4, 2016 709.13 +3.33 (+0.47%) Current streak 2 days Day high 709.13 Day low 705.80 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 12 STI MSCI EAFE MSCI EAFE index Oct 3,2016 1,703.01 +1.32 (+0.08%) Current streak 1 day Day high 1,708.21 Day low 1,698.76 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 1 1 0 0 10 4 1 Manufacturing 42 20 27 3 10 11 45 30 38 Commerce 22 9 15 4 1 6 26 10 21 Tpt/Stor/Comms 13 13 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,661 36 10,697 32,521 6 32,527 Manufacturing 116,431 54,185 170,616 83,194 1,270 84,464 Commerce 394,803 16,174 410,977 129,531 320 129,851 Tpt/Stor/Comms 139,080 4,610 143,690 130,294 471 130,764 Finance 17,354 1,235 18,589 108,456 47 108,503 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Post Buy
        197 12 Target price: S$1.77 Oct 4 close: S$1.495 UOB Kay Hian Research, Oct 4 SINCE the unfolding of corporate governance issues in December 2015 and management changes, the share price of Singapore Post (SingPost) has retreated almost 30 per cent from its peak in early 2015. while some
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      • Article
        Lock icon ComfortDelGro Corp Buy
        275 12  -  Compiled by Kenneth Lim Target price: S$3.10 Oct 4 close: S$2.86 OCBC Investment Research, Oct 4 IN our view, with Grab and Uber still engaging in activities to gain market share, rental car population is likely to continue its growth in the near term. As a result,
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    • Article
      Lock icon CALENDAR
      13 12 DATA I Oct 5 Singapore COE bidding results US MBA mortgage applications
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    • Article
      Lock icon Sterling skids to 31-year low, US$ strengthens
      407 13 CURRENCIES REUTERS London STERLING slid to its weakest level in more than three decades against a broadly stronger US dollar on Tuesday, hit by fears over the impact of Britain’s looming departure from the European Union. The greenback climbed 0.7 per cent to
      REUTERS  -  407 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 13
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 13 Oct 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.008 5.107 0.685 5.937 50.922 99.432 0.784 8.481 3.159 1.052 79.978 36.937 1.048 10.440 0.749 24.035 26.557 0.599 0.765 Canada 0.992 5.066
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 13
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      • Article, Illustration
        Lock icon DOW JONES
        2 13
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 13 Oct 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0475 1.0484 0.7654 0.7655 Canadian dollar 1.0391 1.0403 0.7595 0.7592 Euro 1.5290 1.5307 1.1172 1.1176 NZ dollar 0.9961 0.9972 0.7278 0.7281 Sterling pound 1.7480 1.7494 1.2772 1.2773
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 13 Oct 4 S$ Bid Offer 1-month 1.3680 1.3693 2-months 1.3680 1.3692 3-months 1.3678 1.3690 6-months 1.3676 1.3690 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 13
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 13 Most active Oct 4 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Charisma EnergyServicesW*****3 0.1 unch ***** 1 3 1 SingTel MB eCW*****2 5 -0.1 3787 0.2 435 8 OCBC Bk MB eCW*****8 3.1 0.1 2846 0.1 915 3
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 3 Index Change Change Change Change Change Change World Preliminary 1305.9 -0.1 2.2 0.0 -0.3 -0.2 3.6 EAFE Preliminary 976.3 0.5 -3.7 0.2 -4.5 0.1 -0.8 Europe Preliminary 1403.5 0.4 -0.6
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        384 13 Oct 4 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9600.00 9622.50 9580.00 9622.50 ***** *****2 Nov16 9625.00 9635.00 9617.50 9627.50 17 513 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Mar17 *****.00 *****.00 *****.00 *****.00 511 1605 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 13 Oct 4 $S Offer Bid 0vernight 0.05 Par 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.05 US$ 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 13 Oct 4 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.81 105.83 105.77 5-Year N*****0Z 1.250 01-Oct-21 99.37 99.40 99.37 10-Year NX*****F 2.125 01-Jun-26 102.34 102.50 102.40 15-Year NZ*****F 2.875 01-Sep-30 108.88 109.09 109.00 20-Year NZ*****X 2.250 01-Aug-36 100.29
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 13 Oct-3 Price Net change change Last Trade Agricultural Oct-3 CBOT Soybeans (US cents/bu) 973.00 19.00 1.99% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.05 -0.19 -0.57% 14/10/2016 CBOT Wheat (US cents/bu) 395.50 -6.50 -1.62% 14/12/2016 Oct-3 LIFFE Cocoa (£/tonne) 2267.00 44.00 1.98% 13/12/2016 LIFFE Coffee (US$/tonne) 1977.00 -27.00 -1.35%
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    • Article
      Lock icon SGX MAINBOARD
      1858 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 142 unch 183 142.5 141 0.9 8 905 Div 144 101 ARA Asset Mgmt 135.5 -0.5 676 136.5
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    • Article
      Lock icon SGX CATALIST
      288 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div 46.5 29.5 t Advancer Global 41 +1 1430 41.5 40.5 16.3 71 Net 16.2 4.5 t Alliance Mineral 12.6 +0.3 ***** 12.9 12.1 60.6 High 19.9 8.3
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    • Article
      Lock icon SGX ETF
      137 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3174 -22 4 3174 3164 8.7 391 190 DBXT MSBrazil US$ US379 +10 43 381 379 1387 995 DBXT MSCHINA US$ US1357
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      Lock icon Page 9 Advertisements Column 1
      212 9 AccountServe A Stone Forest Company Need Help With Tax Forms and Filing Deadlines? \M We Help Small Businesses, Individuals and Expats With Their Tax Matters: Corporate income tax computation and filing with IRAS, including ECI Form 37 for withholding tax compliance Income tax returns and tax computations for individuals and
      212 words
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      4325 11 k1 Ventures Limited (Company Registration No.: *****0535W) (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of k1 Ventures Limited (the “Company”) will be held at Four Seasons Hotel, Four Seasons Ballroom (Level 2), 190 Orchard Boulevard, Singapore *****6
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  • Page 14 Advertisements
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      71 14 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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  • CUSTOMER SATISFACTION INDEX
    • Article
      Lock icon Thumbs up for 3 out of 5 sectors
      1376 15  -  Air transport, land transport and public education notch significant upticks in Q2. BY NARENDRA AGGARWAL CUSTOMER satisfaction is improving in some of Singapore’s most important sectors. New findings from the Institute of Service Excellence at Singapore Management University show that the public
      1,376 words
    • Article, Illustration
      Lock icon Student support services emerge as prime factor
      406 15 TERTIARY students in Singapore are keenly aware of the tight labour market and slow growth that the economy is experiencing right now. The CSISG survey has shown that the key drivers of perceived quality in education are student support services in terms of
      406 words
    • Article, Illustration
      Lock icon Frontline staff on MD’s advisory board
      416 15 FEDEX has a unique way of staff engagement: the managing director’s advisory board is made up of frontline staff. This way the staff is able to contribute to the company’s operations by making valuable suggestions and this helps the company to enhance customer satisfaction.
      416 words
    • Article
      Lock icon Jetstar flies to the top
      188 15 FOR Jetstar, the customer has always been at the heart of everything it does. Understanding customers’ needs and experience along the journey helps the budget airline enhance their travel experience while they continue to enjoy low fares. Jetstar came in at the top among budget
      188 words
    • Article
      Lock icon The Changi Airport way
      178 15 CHANGI Airport has rolled out several new initiatives to provide passengers with a memorable Changi experience for enhancing customer satisfaction. It saw a marked increase in its customer satisfaction score at 81.4 points, up 6.28 points or 8.4 per cent. Greeting passengers at Terminal 1 is
      178 words
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      Lock icon Innovation in the public bus sector
      441 15 TO enhance customer satisfaction with bus services, the new player in the business in Singapore, Tower Transit, has taken a different approach by redesigning the job scope of its bus drivers and offering higher wages in a move to enhance their employment prospects. “We
      441 words
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      54 15 INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY A quarterly series brought to you by the Institute of Service Excellence at Singapore Management University (ISES). Featuring findings from the Customer Satisfaction Index of Singapore, it also reveals insights on leadership and strategy from industry leaders, particularly in leveraging customer satisfaction as
      54 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Opportunities in an integrated Asean real estate market
      1616 16  -  The Asean Economic Community facilitates unfettered flows of labour and goods across member countries By Deng Yongheng, Sing Tien Foo T Prof Deng is the Provost’s Chair Professor, and the Director of Institute of Real Estate Studies (IRES) and Head of Department
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      Lock icon GIC, GSA to invest in German student dorm
      367 16  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE sovereign wealth fund GIC and student accommodation operator GSA on Tuesday announced a partnership to invest in the German student accommodation market together. They plan to invest in a portfolio of close to 1,000 student
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      Lock icon Ascendas-Singbridge in JV to redevelop old CPF Building
      159 16 ASCENDAS-Singbridge Group has entered into a joint venture with Mitsui and Tokyo Tatemono to redevelop the former CPF Building. The 79 Robinson Road property will be redeveloped into a Grade-A office building with retail amenities; its total development cost is estimated at
      159 words
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      239 16 Contact: Investment Properties Sammi Lim Yap Hui Yee (CEA Reg No.: R*****9J) Tel: 9368 9803 BUGIS POINT, 530 NORTH BRIDGE ROAD 999-Year 6-storey Commercial Building Heart of Bugis Site Area: Approx. 2,776 sq ft Total Floor Area: Approx. 16,975 sq ft Property comes with 6 strata titles Directly opposite Bugis
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      112 16 .4, ft 77/78/79/80 AMOY STREET 3-Storey with Attic Prime Refurbished Shophouses with Lift Contact: Investment Properties Sammi Lim (CEAReg No.: R*****9J) Tel: 9368 9803 6224 8181 6 Battery Road #32-01 Singapore *****9 999-year tenure Total Site Area: Approx. 8,182 sq ft Total GFA: Approx. 23,814 sq ft Conservation with full
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  • BANKING & FINANCE
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      533 17 11 L. RUPA MEHTA Senior Manager Ernst Young LLP You’re already fit for a world full of opportunity. Get ready. Our Executive MBA program will take you to the next level. Join us at our admissions events in Singapore. Singapore Information Sessions October 13,2016 February 9,2017 Please visit ChicagoBooth.edu/infosessions for
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Many shale oil firms hedge 2017 prices on Opec rally
      671 18 They used a similar rally to hedge their prices in May, when WTI 2017 calendar strip also rose above US$50 a barrel BLOOMBERG London INDEPENDENT oil companies are using the post-Opec rally to hedge their price risk for next year,
      BLOOMBERG  -  671 words
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      Lock icon Too many fat pigs makes hog futures the biggest loser
      724 18 BLOOMBERG Chicago HAM, bacon, ribs, pork loins if it has to do with pigs, prices are in the doldrums. Hog futures were the worst investment in commodities last quarter and in the past year. That’s because there are simply too
      BLOOMBERG; PHOTO: BLOOMBERG  -  724 words
    • Article
      Lock icon Iceland’s fishing industry roots for rate cut amid krona gains
      548 18 BLOOMBERG Reykjavik WHILE the world around it frets over ultra-low interest rates, Iceland’s fish export industry is rooting for another rate cut to maintain market share amid a strengthening krona. “The appreciation of the krona is a large factor in
      BLOOMBERG  -  548 words
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      409 18 An opera not to be missed yV 4 i' Richard Wagner's M. Tpe lvii)$I)utCpil)ap Victoria Theatre 23 30 Oct. Tickets: SISTIC $46 $146 Richard Wagner Assoc (S) THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF IDEAL ELITE ASSOCIATES PTE. LTD.
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      25 18 Kick-start your investment strategy with tips from $how Me The Money $how Me The Money Book 4 is now available at leading bookstores and www.stpressbooks.com.sg
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      34 18 J2 zaobacf S 09 -4- Sr ■P-flS F*l Sfl1*1 *Chinese Language Content The unique ritual of welcoming the Nine Emperor Gods 0KS m 4E| v,. bit.ly/ZB_Nineemperorgods r ,w 'iJ G 4 is W rs
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      36 18 Who’s selling his home in your neighbourhood? REGS Hillview Regency 2l58tra Sale. Mid floor, Renovated\ Blk 28 Floor Condominium Your Neighbourhood Listings Be the first to know when your neighbour's home goes on the market. SRX.com.sg/property-tracker
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  • TECHNOLOGY
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      Lock icon Robots set tone for revival of Japan dairy
      912 19 Ex-banker turns 20-cow farm he inherited into Asia’s largest automated milking factory BLOOMBERG Tokyo JIN Kawaguchiya gave up a career in finance to help revive Japan’s ailing dairy industry one robot at a time. In a country that relies increasingly on imported
      BLOOMBERG; PHOTOS: BLOOMBERG  -  912 words
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      89 19 With our finger on the pulse of luxury, we’ve won the hearts of 4.2 million affluents regionally. If you want to rub shoulders with high-net-worth individuals, start your journey here. Covering the worlds of different audiences, SPH Magazines links you to 9.7 million women, men and luxury consumers. www.sphmagazines.com.sg/360 Get
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  • CONSUMER
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      Lock icon Jokowi taps Ma’s guidance to make giant digital jump
      722 20 McKinsey estimates value of Indonesian e-commerce could rise by as much as US$15b in next three years BLOOMBERG Jakarta IN a testament to the rising consumer potential of the world’s No 6 emerging market, Indonesia’s President Joko Widodo has tapped for
      BLOOMBERG  -  722 words
    • Article
      Lock icon Samsung Biologics aims to raise 2.25t won in IPO
      386 20 BLOOMBERG Seoul SAMSUNG Biologics Co is seeking to raise as much as 2.25 trillion won (S$2.77 billion) from a South Korean initial public offering, taking an important step towards its goal of becoming the world’s largest contract manufacturer of biological medicines.
      BLOOMBERG  -  386 words
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      1167 21 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF CSC ASIA HOLDINGS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY NO: *****5141C NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION
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      299 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GUVERA SINGAPORE PTE LTD (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****8795G) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS Take notice that Messrs Andrew Grimmett and Lim Loo Khoon, care of 6 Shenton Way OUE Downtown 2 #33-00
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      3278 21 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 Karin
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Three UK-born scientists to share 2016 Nobel prize in physics
      314 22 NYTIMES Stockholm DAVID Thouless, Duncan Haldane and Michael Kosterlitz were awarded the Nobel Prize in Physics on Tuesday for discoveries in condensed-matter physics that have transformed the understanding of matter that assumes strange shapes. All three were born in Britain
      NYTIMES  -  314 words
    • Article
      Lock icon Low rates are here to stay, ECB tells bankers
      578 22 Central bank urged to consider impact of negative interest rates on banking system’s profitability REUTERS, BLOOMBERG Madrid THE European Central Bank (ECB) is set to keep its interest rates low until it gets inflation back to its target, its chief economist
      REUTERS,; BLOOMBERG  -  578 words
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      Lock icon Philippine market selloff: It’s the economy, not Duterte, say observers
      839 22 Slowdown in remittances from Filipinos working abroad is a big concern REUTERS Singapore PHILIPPINE markets have been heavily sold down since July primarily for economic reasons, not the festering row between new President Rodrigo Duterte and traditional ally the United
      REUTERS; PHOTO: REUTERS  -  839 words
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      110 22 X-PRESS FEEDERS NOTICE TO TRADE EMERGENCY COST RECOVERY SURCHARGE (ECRS) Singapore/Port Klang/Colombo to Kolkata and vice versa We wish to inform the trade that we will be implementing an Emergency Cost Recovery Surcharge (ECRS) of a minimum of USD 200.00 per TEU (Laden) and USD 100.00 per TEU (Empty) on
      110 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Australia cracks down on rate riggers
      573 23 It makes manipulation of financial benchmarks a criminal offence, with penalties including jail time AFP Sydney MANIPULATING financial benchmarks will become a criminal offence in Australia, the government announced on Tuesday, as the nation’s largest lender defended its huge profits in a grilling by
      AFP  -  573 words
    • Article
      Lock icon Australia keeps rates on hold amid home building bonanza
      552 23 REUTERS Sydney AUSTRALIA’S central bank left interest rates at 1.5 per cent on Tuesday as it weighs the effect of past easing and the biggest-ever boom in apartment building helps underpin economic activity and jobs growth. The Reserve Bank of Australia
      REUTERS  -  552 words
    • Article
      Lock icon India cuts rates in first decision by new panel
      360 23 BLOOMBERG Mumbai INDIA’S new central bank governor, Urjit Patel, has led a united monetary policy panel to lower interest rates at its first review against the majority forecast of private economists. The benchmark was lowered to 6.25 per cent from 6.5
      BLOOMBERG  -  360 words
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  • TRANSPORT
    • Article
      Lock icon Slivers of light shine through shipping gloom
      721 24  -  Moore Stephens partner notes that confidence is at its highest level in nine months, which says much for the resilience of the industry STRAIT TALK BY DAVID HUGHES IN RECENT weeks, both the collapse of Hanjin Shipping and the ratification of the International
      721 words
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      Lock icon US buyers less than enthusiastic about Toyota Prius ‘anime’ design
      803 24 BLOOMBERG Chicago THE Toyota Prius that Kendall Greuel bought six weeks ago does what he wanted, which is save money on his daily 100-mile round trip commute. Just one thing nags at the Oklahoman. “Sometimes I catch a glimpse of
      BLOOMBERG; FILE PHOTO  -  803 words
    • Article
      Lock icon JetBlue programme turning clerks into pilots
      459 24 2018.BLOOMBERG Dallas WHAT do a supermarket clerk, an airline baggage handler and a heavyequipment operator have in common? They’re among the first participants in JetBlue’s new programme to turn people with little or no flight experience into pilots. The initial six recruits began the
      2018.BLOOMBERG  -  459 words
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      300 24 NOTICE TO TRADE EMERGENCY COST RECOVERY SURCHARGE (ECRS) Singapore/Port Klang to Kolkata and vice versa In order to recover the increased cost and loss in revenue due to the current congestion in Kolkata port, notice is hereby given that we will implement an EMERGENCY COST RECOVERY SURCHARGE (ECRS) of minimum
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      2015 25 S-*- THE BUSINESS TIMES SHIPPING TIMES C a i l a n ~E n n o B r i s b a n e 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
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      244 25 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 902 BST010 06/10/2016 07/10/2016 Buatan/Buatan DAILY Marco Polo 122 PRW007 06/10/2016 07/10/2016 Pelindo/Perawang DAILY Marco Polo
      244 words
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  • OPINION
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      Lock icon Comparison of global economies: useful feedback for policymakers
      551 26 EDITORIAL TWICE a year every year for well over two decades, economies around the world get an assessment about where they stand relative to one another on measures from policy efficacy to business efficiency. And by and large, the results and changes
      551 words
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      Lock icon Deterioration of US-China relationship is open ended
      818 26  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 LAST month, US President Barack Obama was in Hangzhou for a G-20 meeting and, while there, held what is likely to be
      818 words
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      Lock icon Perfecting Singapore’s system of governance
      1473 26  -  The changes the government intends to make to the Elected Presidency are very substantive ones; Singaporeans will need time to digest them. BY EUGENE K B TAN them.BY EUGENE K B TAN T The writer is associate professor of law at the Singapore Management University
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  1,473 words
    • Article
      Lock icon Batten the hatches for cybersecurity for the IoT age
      876 27  -  COMMENTARY By Sean Duca T The writer is vice-president regional chief security officer for the Asia-Pacific for Palo Alto Networks CYBERSECURITY is continually a focus of news headlines and remains very much a topic under discussion across the globe. The latest
      876 words
    • Article
      Lock icon Bad banking news in Germany for Angela Merkel
      708 27  -  By David Marsh T The writer is managing director of the Official Monetary and Financial Institutions Forum OMFIF AS FINANCIER, manager, architect and counsellor, Deutsche Bank has escorted the icons of German history Bismarck and the Bundesbank, the Hohenzollerns, Hitler, and Helmut
      OMFIF  -  708 words
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      Lock icon When US presidential elections get nasty
      1382 27  -  Mudslinging between Hillary and the Donald isn’t a modern-day phenomenon By Leon Hadar Washington IT WAS a dirty presidential campaign. The challenger accused the incumbent president of having a “hideous hermaphroditical character, which has neither the force and firmness of a man, nor the
      PHOTO: AFP  -  1,382 words
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  • LIFE & CULTURE
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      Lock icon Oscar Wilde of fashion sends up its follies
      700 28  -  Loic Prigent’s collection of one-liners he has gleaned as a fashion insider propels him to the front row alongside the runway queens he has so much fun quoting. BY LAURENCE THOMANN AND FIACHRA GIBBONS BY LAURENCE THOMANN, FIACHRA GIBBONS AFP Paris HE’S
      AFP; PHOTO: AFP  -  700 words
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      Lock icon France falls back in love with its humble grape pickers
      774 28 AFP Chasselas, France “THERE’S no respect for the bosses in this country!” bellowed Thibaut Pariset, as he badgered his team of grape pickers up another steep row of vines near Fuisse, deep in France’s Burgundy wine region. His mock complaints
      AFP; PHOTO: AFP  -  774 words
    • Article, Illustration
      Lock icon Friars’ fresh tack revitalises Brooklyn church
      951 28 NYT New York THE two Franciscan friars, complete with floor-length robes, stood behind the bar outside the 100-year-old church taking cash and slinging cans of Coors and Lime-A-Ritas in Greenpoint, Brooklyn. Drinks in hand, over 200 people, many wearing black chokers, macramé bikini tops
      NYT; PHOTO: NYT  -  951 words
  • Page 28 Miscellaneous
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      Lock icon Page 28 Miscellaneous Column 1
      290 28 CRYPTIC CROSSWORD Across 1 An odd escort for an older person (8) 6 Saucy antics? (6) 9 Squirm and wither, wanting right to advance (6) 10 Talk of cut after backing strike (8) 11 Their job is to certify, not sign (8) 12 Keep thanks in check (6) 13 Confidence
      290 words
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      492 29 4 <e m INVESTMENT STRATEGY FRANKLIN TEMPLETON INVESTMENTS HARNESS THE TURMOIL WITH A NEW ALTERNATIVE Concern about returns in an unstable market scenario can leave you feeling powerless. If you are looking to reduce the impact of instability, consider Franklin K2 Alternative Strategies Fund*. From just S$1,000\ you get access
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Janus, Henderson to form giant
      1047 29 Janus Capital and Henderson groups will merge in US$320 billion deal NYT New York THE Janus Capital Group and the Henderson Group, a large Lon-don-based investment manager, said on Monday that they would merge in an all-stock deal that would create an asset manager with
      NYT; PHOTOS: NYT, FILE  -  1,047 words
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      Lock icon Luxury lifestyle prices slip: Julius Baer index
      933 30  -  Mumbai is the least expensive city for 7 items, while the costliest one is Shanghai. BY GENEVIEVE CUA gen@sph.com.sg @GenCuaBT PRICES of goods and services that the wealthy are likely to buy lost some ground in 2015/2016, and weaker Asian currencies may well
      Source: CSG Intage, Julius Baer  -  933 words
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      Lock icon Euro-dollar rate adds to forex traders’ woes
      698 30 BLOOMBERG London FOREIGN-EXCHANGE traders suffering the worst losing streak on record are getting no help from the world’s most popular currency pair. The euro moved in its narrowest range ever versus the dollar during the quarter just past. It’s a prime example of
      BLOOMBERG; PHOTO: REUTERS  -  698 words
    • Article
      Lock icon Too many investors hedging the wrong way: Pimco
      416 30 BLOOMBERG Sydney PACIFIC Investment Management Co says one-size-fits-all hedging tactics are undermining pension returns. Many institutional investors choose uniform currency protection for each asset class, and that means they miss out on the opportunity to benefit from the way some exchange rates
      BLOOMBERG  -  416 words
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