The Business Times, 25 October 2016

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 26
1 26 The Business Times
  • 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 Tuesday, October 25, 2016
    22 words
  • Article, Illustration
    224 1 Pavilion Energy and Shell are appointed to supply Singapore with the next tranche of liquefied natural gas needed by power plants and industries here. TOP STORIES 2 Construction firms and small and mid-cap stocks come into focus as perceived beneficiaries of Malaysia’s Budget 2017. TOP STORIES 4 Swissco
    224 words
  • 972 1  -  Down the road, consumers will manage their own demand for power more actively, and solar power and batteries will be integrated with the grid By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE is laying the foundation for a vastly different power sector one
    972 words
  • 635 1  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE practice of insurance agents getting a fee for referring patients to either doctors or medical concierges has triggered a warning from the Life Insurance Association Singapore (LIA Singapore). Industry sources told The Business Times that
    635 words
  • 611 1  -  SINGAPORE’S FUTURE ECONOMY By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore GREATER economic uncertainty may be on the horizon, but young Singaporeans today are better equipped and in a better position to build a better tomorrow, Prime Minister Lee Hsien Loong said
    611 words
  • 27 1 Monday Change STI 2,856.68 +25.62 KL COMP 1,677.76 +7.78 NIKKEI 225 17,234.42 +49.83 HANG SENG 23,604.08 +229.68 SHENZHEN B 1,180.23 +14.57 DOW (11:45 EDT) 18,241.07 +95.36
    27 words
  • Page 1 Advertisements

  • TOP STORIES
    • 798 2  -  Singapore gas consumers will benefit from new and improved terms offered, says MTI’s Iswaran By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore PAVILION Energy and Shell have been appointed to supply Singapore with the next tranche of liquefied natural gas (LNG) needed by power
      FILE PHOTO  -  798 words
    • 496 2  -  Research to focus on 4 areas, including predictive security analytics and systems based on quantum technology By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CYBERSECURITY is having its moment in Singapore. On Monday, Deputy Prime Minister Teo Chee Hean launched the NUS-Singtel Cyber Security Lab,
      496 words
    • 601 4  -  But market trading generally unaffected by unveiling of Budget 2017 KL BUDGET By Pauline Ng btworld@sph.com.sg Kuala Lumpur CONSTRUCTION companies and a number of small and mid-cap stocks came under focus in the market on Monday, with both segments perceived by investors
      601 words
    • 390 4 Singapore Singapore Airlines (SIA) launched its direct flights to San Francisco on Sunday, marking the return of its non-stop flights to the United States. The inaugural flight SQ32 departed from Changi Airport at 9.25am on Sunday and arrived at San Francisco
      390 words
    • 287 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore CHANGI Airport handled 43.5 million passengers in the first nine months of this year, representing a growth of 6.2 per cent over the same period in 2015. Aircraft take-offs and landings were also higher,
      287 words
    • 222 4  -  Singapore’s headline inflation rate stayed in negative territory for the 23rd straight month in September coming in exactly in line with expectations for a -0.2% year-on-year reading. This was a slightly smaller decline than August’s -0.3%, and was largely due to a more modest fall in private transport
      Source: Department of Statistics; Source: MA, MTI estimates  -  222 words
    • 712 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) has acknowledged that its aggressive monetary easing tactics have eaten away the lending margins of banks and could send them into a lending scramble aimed at making up for declining income.
      PHOTO: REUTERS  -  712 words
    • 1284 5 A crowded trade in longer maturities is causing more downside and very little upside for bond prices BLOOMBERG New York THE hottest craze in fixed income is at risk of overheating. A headlong rush into higher-yielding, long-term bonds in
      BLOOMBERG; PHOTO: REUTERS  -  1,284 words
  • Page 2 Advertisements
    • 28 2 UITS r- v v m ■r t ki I ■/>* ‘I 4 u 1 V-I < <'► v mm .fcc :£5 r ft** r i. m su PPL' ION ORCHARD 15
      28 words
    • 410 2 h e-c <yz l Financial Reporting Update IS Preparing for the next wave of changes Al, Thursday, 24 November 2016 9:00 a.m. to 5:00 p.m. (Registration will start from 8:30 a.m.) EY Building a better working world The next wave of accounting changes and reporting developments are critical for Singapore
      410 words

  • Page 3 Advertisements
    • 410 3 Get up to 3.2 Journey towards air miles new horizons Maybank Horizon Visa Signature Card IN! IT rrrrrrrr. Ill M lit. Hi 'T n Ml A flOKK' -SSEfc- $u njlrr. ?>« n r~~, T my 'jK'iiiijji rr "****i. The fastest way to earn miles with up to 3.2 air miles
      410 words


  • Page 5 Advertisements
    • 116 5 Opening bell in Sydney, Tokyo, and London Start trading wherever you are. 1 1 1 < <, v\ 7/ ,M V ''ill'' SYDNEY ''Mil'' TOKYO .V Mill'' LONDON ■4 If I 7 ass -i Trade online with DBS Vickers Securities in 3 new equity markets with a wealth of digital
      116 words

  • COMPANIES & MARKETS
    • 662 6  -  HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT AS cheap oil whacks the cash flow of Singapore’s offshore and marine firms and cripple their ability to pay debt, two hallmarks speed and deliberateness are separating the men from the boys as
      662 words
    • 885 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SWISSCO Holdings’ assets need to be marked to market if it hopes to pull through the prolonged crisis facing the offshore and marine sector, says its chairman Lim How Teck. And this calls for
      885 words
    • 501 8  -  It cites weaker intra-Asia trade, Brexit and shipping industry’s structural changes as contributory factors By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore WEAKER intra-Asia trade, dampened consumer sentiment from Brexit and structural changes in the shipping industry eroded third-quarter earnings at Hutchison Port Holdings Trust (HPH
      501 words
    • 346 8  -  HOT STOCK By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SHARES of Equation Summit surged 43 per cent on Monday on news of four new investors, including a fund management firm and a veteran Chinese businessman, entering the fray through private placement. This was
      Source: Bloomberg  -  346 words
    • 796 8  -  S’pore is in a good position to learn from experience and embrace change FINTECH CONSIDERED By Nick Caldwell T The writer is the managing director of CapBridge, an online platform that enables growth companies to raise capital from a global pool
      796 words
    • 497 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MAPLETREE Logistics Trust (MLT) has highlighted a challenging leasing outlook for several of its single-tenanted industrial properties, even as it maintained its distribution per unit (DPU) at 1.86 Singapore cents for its fiscal second quarter ended
      497 words
    • 673 8 BLOOMBERG Mumbai THE Indian rupee’s longest losing streak since May masks growing confidence among global investors in Prime Minister Narendra Modi’s management of the world’s fastest growing major economy. A combination of high yields, improving public finances and
      BLOOMBERG  -  673 words
    • CORPORATE DIGEST
      • 55 8 A JOINT venture of logistics solutions provider Vibrant Group’s subsidiary has acquired a mixed-use parcel of land with a 70-year lease in eastern China for 225 million yuan (S$46.2 million). The 30,249 square-metre plot is a mixed residential and commercial development site in the city of Jiangyin in
        55 words
      • 60 8 INVESTMENT holding company GK Goh Holdings said subsidiary Canistel Pte Ltd has won a tender for a land parcel at Venus Drive near Upper Thomson Road. The company bid S$24.3 million. It plans to develop a nursing home on the land “with a differentiated product that widens the
        60 words
      • 86 8 STARHILL Global real estate investment trust (Reit) said its Reit manager has made some changes to its board with effect from Nov 1. Keith Tay Ah Kee, 72, has resigned as lead independent nonexecutive director and chairman of the audit committee, following his reaching the nine-year mark
        86 words
      • 66 8 PROPERTY group GL Limited, the former GuocoLeisure, said net profit for its first quarter ended Sept 30 was US$11 million, down 65 per cent from US$31.4 million a year ago. Revenue was down 15 per cent to US$97.8 million from US$115.1 million a year ago. Lower revenue was
        66 words
      • 57 8 property developer GuocoLand Limited reported net profit of S$25.6 million for its first quarter ended Sept 30, down 95 per cent from S$516.5 million a year ago when it registered “other income” of S$561.3 million stemming from the disposal of subsidiaries relating to a project. Revenue was
        57 words
    • 571 9  -  Catalist-listed SHC Capital Asia will have dedicated management team and will invest further in Myanmar By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore YOMA Strategic Holdings is spinning off its tourism-related business as part of a reverse takeover of Catal-ist-listed SHC Capital Asia.
      571 words
    • 417 9  -  By huangjy@sph.com.sg Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HIGHER patient load from an expanding clinic network has helped lift Raffles Medical Group’s third quarter ended Sept 30, 2016 net profit by four per cent to S$16.2 million, from S$ 15.6 million a year
      417 words
    • 681 9  -  This is the first of a three-part series on the impact of water shortages around the world WATER IS LUXURY By David Fogarty Assistant Foreign Editor The Straits Times Singapore EVERY year during the wet season, millions of Cambodians are surrounded
      PHOTO: BLOOMBERG  -  681 words
    • 541 9  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MERGER and acquisition (M&A) activity in South-east Asia is on track to post its first increase since 2013 as an uptick in intraregional deals offset a slowdown in transactions with out-of-region entities, according to
      541 words
    • 286 9  -  By David Fogarty SCARCE Only 2.5 per cent of the water on earth is fresh. And of that, just 1 per cent is easily accessible, with much of the rest trapped in ice caps and glaciers. That means only 0.007 per cent of the planet’s water
      286 words
    • Article, Illustration
      32 10 STI Catalist Straits Times index Oct 24,2016 2,856.68 +25.62 (+0.90%) Current streak 1 day Day high 2,857.26 Day low 2,834.07 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016)
      32 words
    • 644 10  -  Traders will be closely watching the local corporate earnings season this week STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT THE local stock market eked out gains on listless trading on Monday alongside other key Asian bourses following last Friday’s flat showing at Wall Street.
      Source: Bloomberg  -  644 words
    • 306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 cd +4 244/241 257 209 6.3 6795.8 CapitaCom Trust 161 +1.5 161/159 164 127 5.4 4769.7 CapitaLand 317 +5 318/313 340 280 12.7 2.8 *****.4 CapitaMall Trust 215 cd +4 215/212
      306 words
    • 37 10 VOLUME Equation W*****2 479,432,300 LionGold 121,907,500 Equation 104,372,500 Jasper Inv 70,643,400 China Med Intl 66,046,000 Market volume 2,581,760,000 VALUE Singtel 56,305,688 UOB 45,767,600 DBS Grp 42,878,431 OCBC Bank 39,684,055 Wilmar Intl 27,243,595 Market value 822,783,000
      37 words
    • 110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US733 -1 484 735/732 772/575 733/735 91.6 Nikko AM STI ETF 295 +2 481 296/295 320/259 296/297 7.1 STI ETF 290 +2 130 290/288 314/254 290/291 DBXT MSRussia US$ US214 41 214/213
      110 words
    • 77 10 Oct 24 VALUE CLOSE BT OB/OS -316.00 +44.00 BT CADI -*****.00 +61.00 BT 10-day MA -*****.00 -31.00 FTSE ST Mid Cap 695.60 +2.27 FTSE ST Small Cap 388.46 +1.58 FTSE ST All Share 704.78 +5.45 FTSE ST China Top 160.14 +1.51 FTSE ST China 197.88 +2.16 FTSE
      77 words
    • 35 10 STI FTSE ST All-Share FTSE ST All-Share index Oct 24,2016 704.78 +5.45 (+0.78%) Current streak 1 day Day high 704.78 Day low 700.12 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
      35 words
    • 33 10 STI MSCI EAFE MSCI EAFE index Oct 21,2016 1,672.45 -7.38 (-0.44%) Current streak 2 days Day high 1,680.43 Day low 1,670.60 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      33 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 1 0 0 6 5 5 Manufacturing 33 38 28 11 6 11 44 44 39 Commerce 19 16 13 6 2 5 25 18 18 Tpt/Stor/Comms 13 9 6
      186 words
    • 123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,691 280 11,971 39,409 49 39,458 Manufacturing 110,426 374,700 485,126 100,297 8,026 108,323 Commerce 120,783 103,743 224,526 70,254 1,275 71,529 Tpt/Stor/Comms 67,394 430 67,824 122,377 39 122,416 Finance 34,865 3,138 38,003 156,146 455 156,601 Construction
      123 words
    • 103 10 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5800 102.9 1.3 6041/4629 DBXT AUDBonds AU$ ***** 100.9 0.4 *****/***** B&M Trustees 350 90.0 34.6 620/260 JMH USD 6100 69.6 0.8 6371/4500 JSH USD 3408 69.6 1.5 3425/2524 BY PERCENTAGE CLOSE UP 52w high/low Equation W*****2 0.2 100.0 0.1
      103 words
    • 79 10 BY CENTS CLOSE DOWN 52w high/low Hyflux 6% CPS 9320 -50.0 -0.5 *****/9200 Full Apex 20 -40.0 -66.7 88/10 DBXT S&P Short US$ 1959 -22.3 -0.8 2362/1930 DBXT Nifty50 ETF10 ***** -19.5 -0.1 *****/***** DBXT Vietnam US$ 2426 -11.1 -0.3 2533/2017 BY PERCENTAGE CLOSE DOWN 52w high/low Full Apex
      79 words
    • 82 10 VOL CLOSE($) CHANGE Full Apex 9.0 0.200 -0.400 -66.67 B&M Trustees 1.4 3.500 +0.900 +34.62 SHC Capital Asia 3,134.5 0.150 +0.034 +29.31 Equation 104,372.5 0.010 +0.003 +42.86 Progen 12.0 0.100 +0.032 +47.06 Sysma 20,124.8 0.101 +0.024 +31.17 Miyoshi 1,479.9 0.037 +0.011 +42.31 Asia Fashion 60.0 0.080 -0.010 -11.11
      82 words
    • BROKERS’ TAKE
      • 159 10 Cache Logistics Trust Hold (downgrade) Target price: S$0.85 Oct 24 close: S$0.865 OCBC Research, Oct 24 Cache Logistics Trust (CACHE) reported its 3Q16 results which fell short of our expectations. Gross revenue rose 21.2 per cent y-o-y to S$28.0 million, but DPU slipped 13.7 per cent 1.847 Singapore cents. Even
        159 words
      • 156 10 Keppel Corporation Hold Target price: S$5.25 Oct 24 close: S$5.38 DBS Group Research, Oct 20 We believe Opec’s recent change in production stance could accelerate oil rebalancing and drive a recovery in rig market which remains a key re-rating catalyst. Property has taken over from O&M as Keppel’s largest earnings
        156 words
      • 181 10  - CapitaLand Mall Trust Hold Compiled by Andrea Soh Target price: s$2.20 Oct 24 close: S$2.15 CIMB Research, Oct 21 3Q/9MFY16 DPU of 2.78/8.25 S cents within expectations, making up 25/75 per cent of our FY16F forecast. Operations-wise, CT’s shopper traffic rose 2.9 per cent y-o-y in 9M16 while tenant sales
        181 words
    • 445 11 CURRENCIES REUTERS London THE dollar hit a nine-month high against a basket of currencies on Monday, buoyed by expectations that the Federal Reserve will raise US interest rates this year and that Donald Trump will not become the US
      REUTERS  -  445 words
    • FOREX RATES
      • Article, Illustration
        2 11
        2 words
      • 471 11 Oct 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 5.170 0.702 5.924 51.015 99.402 0.794 8.637 3.187 1.065 80.030 36.805 1.063 10.590 0.759 24.174 26.731 0.624 0.764 Canada 0.982 5.078
        471 words
      • 2 11
        2 words
      • Article, Illustration
        1 11
        1 words
      • Article, Illustration
        2 11
        2 words
      • 155 11 Oct 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0623 1.0628 0.7637 0.7638 Canadian dollar 1.0433 1.0440 0.7503 0.7500 Euro 1.5141 1.5148 1.0885 1.0886 NZ dollar 0.9975 0.9985 0.7171 0.7176 Sterling pound 1.7030 1.7040 1.2243 1.2246
        155 words
      • 22 11 Oct 24 S$ Bid Offer 1-month 1.3906 1.3914 2-months 1.3904 1.3911 3-months 1.3903 1.3910 6-months 1.3895 1.3904 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 390 11 Oct 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9822.50 *****.50 9807.50 *****.00 *****6 *****3 Nov16 9845.00 *****.50 9835.00 *****.00 *****2 ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****0 Mar17 *****.00 *****.00 *****.00 *****.00 322 4210 MSCI TAIWAN
        390 words
      • 203 11 Most active Oct 24 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.2 0.1 *****2 1 1 20 5.00 10 OCBC BK MB ECW*****6 6.1 0.8 4159 0.1 900 5 FTSEChinaA50 9500 MBePW*****9 9.4 -1.8 3293
        203 words
      • 377 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 21 Index Change Change Change Change Change Change World Preliminary 1303.7 -0.1 2.0 -0.1 0.5 -0.3 2.2 EAFE Preliminary 987.0 -0.2 -2.6 -0.2 -4.2 -0.4 -2.6 Europe Preliminary 1417.6 -0.1 0.3
        377 words
    • BANK RATES
      • 154 11 Rates quoted by Icap (S) Pte Ltd Oct 24 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.18 US$ 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
        Rates quoted by Icap (S) Pte Ltd  -  154 words
      • 69 11 Oct 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.72 105.75 105.74 5-Year N*****0Z 1.250 01-Oct-21 99.66 99.67 99.55 10-Year NX*****F 2.125 01-Jun-26 102.62 102.85 102.60 15-Year NZ*****F 2.875 01-Sep-30 108.76 108.99 108.70 20-Year NZ*****X 2.250 01-Aug-36 99.86
        69 words
    • AGRI METALS ENERGY
      • 250 11 Oct-21 Price Net change change Last Trade Agricultural Oct-21 CBOT Soybeans (US cents/bu) 983.00 7.50 0.77% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.12 0.07 0.20% 14/12/2016 CBOT Wheat (US cents/bu) 414.50 -2.50 -0.60% 14/12/2016 Oct-21 LIFFE Cocoa (£/tonne) 2235.00 -2.00 -0.09% 13/12/2016 LIFFE Coffee (US$/tonne) 2128.00 33.00 1.58%
        250 words
    • 1658 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 127 AIMSAMP Cap Reit 137.5 -0.5 590 139 137 0.9 8.3 876.3 LOW 144 101 ARA Asset Mgmt 134.5 +0.5 258 134.5
      1,658 words
    • 290 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 46.5 29.5 t Advancer Global 37.5 +0.5 104 38 37 14.9 64.9 LOW 16.2 4.5 t Alliance Mineral 12.3 +0.5 ***** 12.4 11.9 59.1
      290 words
    • 167 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1211 1061 CIMBASEAN40 S$D 1204 +39 0 1211 1204 vol 3268 2355 DBXT China50 US$ US3196 +40 9 3196 3142 8.8 116.2 97.5 DBXT MS SING US$ US112.1
      167 words
  • Page 6 Advertisements
    • 291 6 Unwind in style with the all-new 2-in-i Business Times Weekend From Saturday 8 October, the weekend edition will feature a luxury lifestyle magazine called Weekend that will be your slick, up-to-the-minute guide to the best in fashion, travel, food, design and more. Get your news fix too with the refreshed
      291 words

  • Page 7 Advertisements
    • 5226 7 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own advice immediately from their stockbroker, bank manager, solicitor, accountant, tax adviser or other independent
      5,226 words





  • Page 12 Advertisements
    • 129 12 Introducing Phillip SGX APAC Dividend Leaders REIT ETF Offering investors access to diversified regional high dividend REITs Stock Code: BYI (USD counter); BYJ (SGD counter) Launched on 20 October 2016 Singapore Exchange sgx.com/etf The Phillip SGX APAC Dividend Leaders REIT ETF is issued by Phillip Capital Management (S) Limited based
      129 words

  • REAL ESTATE
    • 755 13 They’re also going for plots with building potential as about 70,000 jobs could leave the UK finance industry BLOOMBERG London A PROPERTY company managed by Schroders Plc is bidding for an office building in Frankfurt, anticipating the banking fallout
      BLOOMBERG; PHOTO: BLOOMBERG  -  755 words
    • 516 13 This trend is driven by the twin concerns of privacy and security BLOOMBERG New York JARDIM is the first New York project from Brazilian starchitect Isay Weinfeld: two, 11-storey buildings in Manhattan’s West Chelsea. Named after the Portuguese word for garden, the towers
      BLOOMBERG  -  516 words
    • 747 14  -  Oversupply and soft demand put pressure on office sector, while retail landlords see slower leasing and more shorter-tenure leases By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore OVERALL office rentals across Singapore continued to slide under the pressure of oversupply and lacklustre
      747 words
    • 266 14 BLOOMBERG Sydney AUSTRALIAN states need to remove or simplify residential land planning regulations that have made homes “increasingly unaffordable” in the nation’s biggest cities, Treasurer Scott Morrison said. Insufficient land releases and complex development regulations must be addressed, Mr Morrison said in the text
      BLOOMBERG  -  266 words
    • 266 14 REUTERS Tokyo The Bank of Japan said on Monday it is closely monitoring bank lending to the real estate sector to guard against excessive credit that could lead to overheating and pose risks to financial stability. The BOJ does not currently see signs
      REUTERS  -  266 words
  • Page 13 Advertisements
    • 295 13 E-fur t-3 r-S IS «u» ■-ym i'd P 0, I ;T;; I sz Outline indicative only Rare Freehold Riverfront Development Site 1177 Serangoon Road For Sale By Tender Single Owner savills Site Area 2,945.5 sq m (31,705 sq ft) 2014 Master Plan Residential at GPR 2.8 Potential GFA 8,247.4 sq
      295 words
    • 189 13 Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988 (®JLL RARE OPPORTUNITY TO OWN A PAIR OF FREEHOLD SHOPHOUSES IN THE HEART OF CHINATOWN Hi 'i'll Located along the charming Mosque Street Short walk to Chinatown Outram Park
      189 words
    • 148 13 PRIME COVETED 999-YEAR LEASEHOLD COMMERCIAL SHOPHOUSES ON AMOY STREET 4 units of 2-storey conservation shophouse with attic CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E am i ►23 LX®, I o o II 1 I Located within the Central Business District (CBD) and Telok Ayer Conservation Area Minutes’ walk from Tanjong
      148 words

  • Page 14 Advertisements
    • 70 14 Learning Opportunities Anytime, Anywhere Finding difficulties devoting time for learning courses? Now, you can learn on the go with a wide variety of online courses by STJobs Learning. 1 J mA Software Business i Marketing Design w N A i I ■M l j Office Productivity Personal Development Embark on
      70 words

  • BANKING & FINANCE
    • 865 15 Banks argue that rule to set aside US$6 of capital for every US$100 of assets on their books unnecessarily burdens short-term financing REUTERS Washington JUST as memories of the financial crisis are fading and tough new banking regulations are beginning to bite, some current
      REUTERS; PHOTO: AFP  -  865 words
    • 382 15 REUTERS Sydney THE first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo Co said on Monday, resulting in a shipment of cotton to China from the US. Australian cotton trader Brighann
      REUTERS  -  382 words
    • 566 15 REUTERS London BRITAIN’S major banks are set to report stronger-than-expected results this week, confounding expectations that political and economic upheaval caused by the vote to quit the European Union (EU) would immediately squeeze profits. Since the vote in June, shares in Royal Bank
      REUTERS; PHOTOS: REUTERS , AFP  -  566 words
    • 344 15 REUTERS Beijing CHINA’S banking regulator plans to allow local governments to set up more asset management companies (AMCs) as part of a broader effort to manage corporate debt and reduce the growing volume of troubled bank loans that pose a risk
      REUTERS  -  344 words
  • Page 15 Advertisements
    • 568 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg THE BVI BUSINESS COMPANIES ACT, 2004 Olympia Union Inc. Company No. *****35 (the “Company”) a BVI Business Company NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Tan Ley
      568 words

  • ENERGY & COMMODITIES
    • 844 16 It says it should be exempted from cutting production, making it harder for the group to reach an output deal to stabilise oil markets BLOOMBERG Dubai OPEC’S (Organization of the Petroleum Exporting Countries) secondlargest producer threw an obstacle in the group’s path towards a
      BLOOMBERG; PHOTO: REUTERS  -  844 words
    • 650 16 BLOOMBERG Cairo LAILA El-Sayed spent her afternoon searching grocery stores in Cairo’s bustling Dokki district on the banks of the Nile River for one thing: sugar. She managed to find two bags in a state-owned shop for 10 Egyptian pounds (S$1.57) per
      BLOOMBERG; PHOTO: REUTERS  -  650 words
    • 321 16 REUTERS Shanghai CHINESE coking coal and coke futures extended gains on Monday after capacity cuts in the country hit production, with a severe supply shortage expected to continue in the coming months. As part of its supply-side reform, China has
      REUTERS  -  321 words
  • Page 16 Advertisements
    • 667 16 How do YOU plan to steer through one of the most volatile times ahead? Join us for two significant seminars that could help you shape your business for 2017: Economic Outlook; and Impact of the new US President on ASEAN Inc. Day 1 (Nov 15): Economic Outlook 2017 (9am to
      667 words

  • TECHNOLOGY
    • 281 17 BLOOMBERG Seoul A SOUTH Korean investment advisory firm is recommending that shareholders of Samsung Electronics Co vote against the nomination of vicechairman Jay Y Lee to the company’s board of directors, in what may be the first opposition to the heir-appar-ent’s ascension.
      BLOOMBERG  -  281 words
    • 313 17 BLOOMBERG Beijing CHINESE billionaire Jack Ma has proposed that the country’s top security bureau use big data to prevent crime, endorsing the country’s nascent effort to build unparalleled online surveillance of its billion-plus people. China’s data capabilities are virtually
      BLOOMBERG  -  313 words
    • 402 17 Galaxy Note 7 customers who trade in their recalled device for Galaxy S7 phone can trade up for Galaxy S8 or next year’s Note 8 smartphone REUTERS Seoul SAMSUNG Electronics is offering an upgrade programme option to Galaxy Note 7 customers in South
      REUTERS  -  402 words
  • Page 17 Advertisements
    • 298 17 2017: NewLeaders ASIA NewChallenges For November 29, 2016 8am to 2pm The Ritz-Carlton, Grand Ballroom The new year will see a new president in the White House and the emergence of China’s next generation of top-tier leaders. The Straits Times Global Outlook Forum examines how the leadership transitions will shape
      298 words

  • CONSUMER
    • 293 18 REUTERS Amsterdam DUTCH healthcare technology and services company Philips reported a 47 per cent jump in third-quarter earnings as sales and margins rose, but narrowly missed analysts’ estimates. Chief executive Frans van Houten said that the company expected further earnings improvements in the
      REUTERS  -  293 words
    • 1143 18 Philip Morris is rushing in its search for the magic bullet: cigarette substitutes that will sell but won’t kill BLOOMBERG New York YOU want a trip to Philip Morris International to feel like a visit to Marlboro Country. But the
      BLOOMBERG  -  1,143 words
  • Page 18 Advertisements
    • 95 18 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988 SINGAPORE EXPO HALLS 4 5!29 30 OCT 2016 10AM TO 8PM!FREE ADMISSION The best time to buy a car. With all the
      95 words

  • TRANSPORT
  • Page 19 Advertisements
    • 106 19 TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from Certified Companies for Corporate tax compliance work for the YA2017 and YA2018. Eligibility: Tenderers must be qualified by Accounting and Corporate Regulatory Authority Singapore (ACRA). Collection of Tender Specification: Tender Specifications are obtainable
      106 words
    • 120 19 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 THE
      120 words
    • 71 19 THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that SUCCESSFUL ROAD CORPORATION is in voluntary liquidation. The voluntary liquidation commenced on 19 th October, 2016. The Liquidator of the Company is
      71 words

  • GOVERNMENT & ECONOMY
    • 478 20 BLOOMBERG Helsinki THE Nordic region’s only euro member is still struggling with austerity. After being stripped of its top AAA credit grade at all three major ratings companies, the government is asking Finns to tighten their belts to keep up
      BLOOMBERG  -  478 words
    • 765 20 French-speaking Walloon region holds out, saying that the main problems are with the EU authorities REUTERS BLOOMBERG Brussels THE European Union’s hopes of signing a landmark free trade deal with Canada this week appeared to evaporate on Monday as the Belgian federal government
      REUTERS; BLOOMBERG; PHOTO: AFP  -  765 words
    • 613 20 AFP Mumbai INDIA’S Tata Sons dumped Cyrus Mistry as its chairman in a surprise announcement Monday, almost four years after his appointment as the first chief of the conglomerate from outside the Tata family. The decision comes as the steel arm of
      AFP; PHOTO: REUTERS  -  613 words
    • 268 20 BLOOMBERG Mumbai INDONESIA’S government must make it clear to errant taxpayers that an amnesty programme, which has revealed almost US$300 billion in undeclared assets, is the last chance to fix their affairs before full penalties are applied, the Organisation for Economic Co-operation
      BLOOMBERG  -  268 words
    • 309 21 REUTERS London BARRIERS to cooperation between different countries’ financial regulators remain high, despite the shared nature of risks from rapid lending growth, Bank of England (BOE) deputy governor Minouche Shafik said on Monday. Ms Shafik, who is responsible for financial markets
      REUTERS  -  309 words
    • 434 21 REUTERS London BUSINESS activity in the eurozone has expanded at the fastest rate this year in October, even as firms raise prices at the sharpest rate in more than five years, a survey showed on Monday. The upturn in both activity and
      REUTERS  -  434 words
    • 345 21 REUTERS Seoul SOUTH Korean President Park Geun-hye on Monday proposed amending the Constitution to allow presidents to serve multiple terms or to establish a parliamentary system, saying the single-term presidency has served its purpose after nearly 30 years. The presidency was limited to a
      REUTERS  -  345 words
    • 445 21 But shipment export volumes up 4.7 per cent in the year to September, the fastest gain in nearly two years REUTERS Tokyo JAPAN’S exports fell for a 12th straight month in September from a year earlier, official data showed, as the
      REUTERS  -  445 words
  • Page 20 Advertisements
    • 222 20 12 November 2016 (Sat) 10am 3pm How are Technical Analysis (TA) and Fundamental Analysis (FA) showing lagging indications? How to pick stocks from the Top 30 Volume The Most Powerful Chart (Hidden Buying vs Hidden Selling) Risk Management for Contra Trades Sneak Peek into Growth Stock like MM2 Learning Points
      222 words
    • 25 20 Reach for your dreams Get inspired by Joseph Schooling’s story. For big and little kids. COMING SOON On sale at all major bookstores and www.stpressbooks.com.sg
      25 words
    • 50 20 HOT PROPERTY OPEN-2PM THE Sunflower Office 1787sf Heritage bldg (FH) Ctrl-locale near Guillemard/MRT @$1.5M PAYA LEBAR SQ link MRT/ Various Sizes fr 484-4650 sf Vacant/ Tenancy, With/ Out GST Serious Seller 1,xxx psf LOOKING FOR AN OFFICE SPACE? Check out these properties and more in The Straits Times Classified now!
      50 words

  • Page 21 Advertisements
    • 24 21 Everyonedeserves a great Weekend. The all-new Business Times Weekend. Out Every Sat. For advertising opportunities, call 1800 822 6382 or email us at mkgsales@sph.com.sg
      24 words

  • OPINION
    • 858 22  -  THE BOTTOM LINE By Paul Krugman NYTIMES THE presidential campaign is entering its final weeks, and unless the polls are completely off, Donald Trump has very little chance of winning only 7 per cent, according to the Times’ Upshot model.
      NYTIMES  -  858 words
    • 576 22 EDITORIAL THE Health Ministry has always wanted to avoid a “buffet” syndrome when it comes to private health insurance under the Integrated Shield (IP) scheme. A buffet syndrome is one where policyholders over-consume health services, leading to outsized claims and insurance plans
      576 words
    • 1406 22  -  Duterte’s belligerence towards the US alters strategic environment, but China may not budge on South China Sea. BY MURRAY HIEBERT BY MURRAY HIEBERT T The writer is senior fellow and deputy director of the Sumitro Chair for Southeast Asian studies at the Center for strategic
      YALEGLOBAL ONLINE; PHOTO: REUTERS  -  1,406 words
    • 1069 23  -  COMMENTARY By G Panicker T The writer is a former BT journalist with a particular focus on energy and climate-change issues OPEC’s recent agreement to curb its runaway oil production is a capitulation to new energy and environmental realities. The group has lifted
      1,069 words
    • 628 23  -  By Paul Donovan T The writer is global chief economist at UBS Wealth Management AT three in the morning, the day after the United Kingdom referendum on EU membership, I was on the UBS trading floor (where else would an economist be at three
      628 words
    • 1190 23  -  Keeping up to speed on automation, the new Gig Economy as well as new technologies and organisational models will be the way forward. BY DIAAN-YI LIN BY DIAAN-YI LIN T The writer is a senior partner at McKinsey Company and
      PHOTO: REUTERS  -  1,190 words
  • Page 22 Miscellaneous
    • 134 22 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)
      134 words


  • Page 24 Advertisements
    • 988 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
      988 words

  • LIFE & CULTURE
    • 573 25 BLOOMBERG New York FOR the world’s biggest brewer, no beer is too small. Anheuser-Busch InBev, fighting defection from its blockbuster brands to craft beers, has turned to kitchen and closet brews, buying one of the continent’s largest suppliers for do-it-yourself beer-makers, Northern Brewer, for an
      BLOOMBERG  -  573 words
    • 586 25  -  Eighth-ranked Russian, who only arrived in Singapore on Sunday, prevails in three thrilling sets at Indoor Stadium By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT didn’t take too long for the Women’s Tennis Association (WTA) Finals to witness its first upset. On the second
      PHOTO: AFP  -  586 words
    • 734 25 AFP Tokyo THE Marc Jacobs of Japan, singing cats and models cloaked into armour: J-pop and science fiction transformed Tokyo Fashion Week spring/summer 2017 into a style fest unlike any other. In a world where fashion mines entertainment like never before, Japan’s established
      AFP; PHOTO: AFP; PHOTOS: AFP  -  734 words
  • Page 25 Miscellaneous
    • 324 25 CRYPTIC CROSSWORD Across 1 One noted for stubborn tenacity making target with almighty backing (7) 5 Granted time for deliberation (7) 9 Frolicking inside college in outskirts of Swindon? Best say nothing (7,2,6) 10 Coats designed for an opera (5) 11 Of high quality, prize trophy goes west (3-6) 12
      324 words

  • SME
    • 1255 26  -  Management Development Institute of Singapore scales new heights with its ‘edupreneurial’ stance in private education. BY LEONG YEE HUI, LINDA, MI MUQING AND VANIA STEPHANIE BY LEONG YÈ HUI, LINDA, MI MUQING, VANIA STEPHANIE T The writers are students from NUS Business School AS more private education
      1,255 words
    • 1003 26  -  By Yaj Malik T The writer is the EVP and managing director of Sage Asia. TODAY, we are increasingly dependent on a new generation of entrepreneurs to drive innovation and growth. I am referring to the millennial entrepreneurs. Globally, millennial entrepreneurs are starting more
      1,003 words
  • Page 26 Advertisements
    • 71 26 Need to save money on your workspace? We can help with that Our o ce space gives you complete exibility, so you only pay for what you use. Companies like Google and Toshiba use us to help reduce their operating costs. It’s easy to set up and we can get
      71 words
    • 60 26 Celebrating Singapore´s Enterprising Spirit 2016 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. MDIS was among the winners in 2015. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank, and supported by
      60 words