The Business Times, 27 October 2016

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Microfilm: NL34119
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    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 Thursday, October 27, 2016
    22 words
  • Article
    Lock icon MARKETS
    28 1 Wednesday Change STI 2,828.57 -25.48 KL COMP 1,673.92 -3.51 NIKKEI 225 17,391.84 +26.59 HANG SENG 23,325.43 -239.68 SHENZHEN B 1,179.51 -3.50 DOW (11.45 AM EDT) 18,213.26 +43.99
    28 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    195 1 it is increasingly likely that the TPP won’t be ratified by the time US President Barack Obama steps down next January, says Prime Minister Lee Hsien Loong. TOP STORIES 2 Malaysia will scrap the subsidy for cooking oil to consolidate its finances and deter smuggling. TOP STORIES 3
    195 words
  • Article, Illustration
    Lock icon 2016 dividends hit by oil & gas troubles, lower special payouts
    918 1  - 2016 dividends hit by oil gas troubles, lower special payouts Bigger-than-expected drop at Singapore banks also contributes to 5.2% slide in ordinary and special dividends to S$16.3b By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore IT’S a tough year for Singapore stock investors and a dip in 2016 dividends will add
    Source: IHS Markit  -  918 words
  • Article
    Lock icon Singapore ranks 2nd in ease of doing business
    679 1  -  It’s an improvement from 2015 after World Bank update in data and use of new methodology By Chuang Peck Ming table) peckming@sph.com.sg @PeckmingBT Singapore SINGAPORE is ranked second, behind New Zealand, among 190 economies in the ease of doing business, according to
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      Lock icon Page 1 Advertisements Column 1
      171 1 *****1 *****1 THE BUSINESS TIMES The L.U.C Collection Each part is a masterpiece The L.U.C Quattro is equipped with four independent barrels stacked in pairs and totalling a full 1.8 metres of spring. This patented mechanism ensures an exceptional nine-day power reserve and above all, amazing precision. Like every component
      171 words
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      Lock icon Page 1 Advertisements Column 2
      13 1 SEYCHELLES PROJECT Singapore investor, partner pump US$115m into island development REAL ESTATE 12
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      Lock icon Page 1 Advertisements Column 3
      23 1 HOCK LOCK SIEW Sustainability reporting is like serving M&Ms COMPANIES MARKETS 6 AUDITORS’ ROLE Long auditor-client relationships a threat to independence opinion 22
      23 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon US unlikely to ratify TPP in Obama’s term: PM
      998 2  -  America’s reputation as a credible partner on the line if it fails to deliver on its promise of ratifying the 12-nation FTA, he tells Time magazine By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT is increasingly likely that the Trans-Pacific Partnership (TPP)
      PHOTO: AFP  -  998 words
    • Article, Illustration
      Lock icon Sept factory output up; economists unsure if strong data will hold
      652 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE explosion of interest in Samsung Note 7s and Apple iPhone 7s seems to be the bright spark in Singapore’s third-quarter economic growth estimates, for now. On the flip side of the coin,
      Source: Singapore Economic Development Board  -  652 words
    • Article, Illustration
      Lock icon Carousell acquires online car classifieds platform Caarly
      685 2  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE online classifieds space is heating up. Carousell, a mobile marketplace app where users can list, buy and sell items in seconds, has announced its acquisition of the homegrown vehicle classifieds platform Caarly for an undisclosed sum.
      685 words
    • Article, Illustration
      Lock icon Malaysia to scrap nearly all subsidies for cooking oil
      574 3  -  Subsidy will be kept only for the 1kg bag used by the poor. Putrajaya aims to deter smuggling and save on expenses By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA will scrap the government subsidy for bottled cooking oil in a move
      PHOTO: SIN CHEW DAILY  -  574 words
    • Article
      Lock icon China paper warns against pension funds investment scheme
      345 3 ence under the Finance Ministry. REUTERS Beijing A CHINESE state-run paper has warned against potential pitfalls from Beijing’s moves to invest a portion of pension funds in capital markets, including the prospect that it could lead to graft and mismanagement. The influential
      ence under the Finance Ministry. REUTERS  -  345 words
    • Article, Illustration
      Lock icon Attacks on network came from infected devices, says StarHub
      858 4  -  internet-connected machines hijacked by hackers were used to attack StarHub’s home broadband network B y Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore STARHUB has said that the two attacks on its home broadband service last Saturday and on Monday originated from hacked
      FILE PHOTO  -  858 words
    • Article, Illustration
      Lock icon S’pore leads in race to be Asian LNG hub, says ex-Tokyo official
      603 4  -  Former advisor to Shinzo Abe cites Republic’s geographical location and experience with setting up commodity hubs GAS HUB By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE has taken the lead in the race to be an Asian hub for
      603 words
    • Article, Illustration
      Lock icon New LNG import supplies will boost energy security: Iswaran
      800 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE start of the new tranche of liquefied natural gas (LNG) imports next year will bring to Singapore gas from the US, Australia, Norway, Russia, Qatar and Brunei. These countries are part of the global
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    • Article, Illustration
      Lock icon Vodafone UK fined record £4.6m for failing customers
      422 4 difficult for REUTERS London BRITAIN has fined Vodafone a record £4.6 million (S$7.8 million) for “serious and sustained” customer failures, including not updating accounts when mobile phone users topped up their credit to make calls. Vodafone, the world’s second-largest mobile operator, also
      difficult for REUTERS; Vodafone’s home PHOTO: REUTERS  -  422 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      187 3 W mm/ i Uf: < > > Wr/ m My nv nt Manager Partner THE N0.1 EUROPEAN ASSET MANAGER Amundi manages investments over US$1.1 trillion for clients worldwide. With investment insights powered by more than 500 investment professionals over 30 countries, we are committed to create the best solutions to
      187 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon PE firm Northstar offers S$331m for Innovalues
      663 5  -  Shareholders can choose full cash or combination of cash and shares subject to cap; offeror plans to delist the precision manufacturer By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PRIVATE equity firm Northstar Advisors has launched a S$ 3 31.4 million takeover offer for Innovalues
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    • Article
      Lock icon ARA fund to invest in Shanghai property worth 20b yuan
      287 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ARA Asset Management on Wednesday said it would set up a fund, ARA Harmony VI, to invest in a China commercial property worth 20 billion yuan (S$4.1 billion). The property is a newly completed
      287 words
    • Article
      Lock icon Cafe Football plans entry into Singapore in 2017
      666 6  -  Real estate firm Rowsley teaming up with ex-Man united stars Giggs and Neville to expand hotel and cafe business By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE are plans to open a new foot-ball-themed cafe in Singapore in early-2017, as part of a
      666 words
    • Article
      Lock icon Sustainability reporting and custom M&Ms
      735 6  -  HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT THERE’S a story about an American rock band called Van Halen and candy that goes like this. The band, which was popular in the 1980s, apparently always had a clause in their standard performance contract stipulating that
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    • Article, Illustration
      Lock icon Viva trust to buy Jurong West logistics property for S$87m
      503 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore VIVA Industrial Trust on Wednesday said that it has entered into an option agreement with turnkey business Sharikat National to buy a logistics property at 6 Chin Bee Avenue in Jurong West for S$87.3
      PHOTO: VIVA INDUSTRIAL TRUST  -  503 words
    • CORPORATE DIGEST
      • Article
        Lock icon Hyflux
        30 6 WATER treatment firm Hyflux Ltd said its unit Hyflux Asset Management Pte Ltd plans to sell its 50 per cent stake in treatment plant Galaxy NewSpring for US$136.5 million.
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      • Article
        Lock icon Lum Chang
        31 6 CONSTRUCTION firm Lum Chang Holdings said its subsidiary has secured a S$325 million contract from the Land Transport Authority for addition and alteration works to Tanah Merah mrt Station.
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      • Article
        Lock icon k1 Ventures
        47 6 INVESTMENT firm k1 Ventures posted an 88 per cent drop in net profit for the first quarter ended September to S$10.5 million from S$87.3 million a year ago. The weaker performance was largely due to lower investment income from its portfolio company Knowledge Universe Holdings.
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      • Article
        Lock icon UOI
        20 6 INSURANCE group United Overseas Insurance’s third-quarter net profit fell 22.4 per cent to S$3.9 million from the previous year.
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      • Article
        Lock icon Vallianz
        60 6 VALLIANZ Holdings Limited, which is 25.15 per cent owned by the beleaguered Swiber Holdings, issued a “clarification announcement” on an online post and e-mail that was circulated on a delay in payment of salaries for the crew on the vessel Swiber Explorer. Vallianz explained that the group has already
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    • Article
      Lock icon Singtel signs cybersecurity deal in Japan
      388 6  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore SINGAPORE T elecommunications (Singtel) and TIS Inc (TIS), a subsidiary of Japanese systems integration company TIS Intec Group, on Wednesday announced a partnership to offer cybersecurity services in Japan to help businesses build cyber resilience and protect
      388 words
    • Article
      Lock icon MCT’s Q2 distributable income up 25% on acquisition; DPU inches up
      473 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore MAPLETREE Commercial Trust (MCT), which owns the mall VivoCity, on Wednesday posted a 1.5 per cent increase in distribution per unit (DPU) on an enlarged unit base from a placement funding an acquisition
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Oct 26,2016 2,828.57 -25.48 (-0.89%) Current streak 2 days Day high 2,846.69 Day low 2,825.07 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Oct 26,2016 454.28 -4.40 (-0.96%) Current streak 2 days Day high 460.72 Day low
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 902.5 5.5 *****/9646 GLD US$ ***** 56.9 0.3 *****/***** JMH USD 6130 54.2 0.6 6371/4500 JSH USD 3455 51.4 1.1 3476/2524 CIMBASEAN40 US$ 866 36.1 3.1 905/736 BY PERCENTAGE CLOSE UP 52w high/low Amplefield Ltd 2.5 150.0 1.5 5.9/0.5
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSKorea US$ 5690 -134.7 -1.7 6041/4629 DBXT Nifty50 ETF10 ***** -111.1 -0.6 *****/***** DBXT China50 US$ 3155 -45.8 -1.0 3268/2355 DBXT STGLDv US$ 3055 -27.8 -0.7 3384/2731 Jardine C&C 4258 -20.0 -0.5 4520/3131 BY PERCENTAGE CLOSE DOWN 52w high/low LifeBrandz 0.1 -66.7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Amplefield Ltd 101.2 0.025 +0.015 +150.00 Lasseters Intl 110.9 0.080 +0.030 +60.00 Next-Gen Sat 3,970.2 0.002 +0.001 +100.00 Libra 2,501.9 0.160 +0.020 +14.29 Eindec 1,430.0 0.054 -0.006 -10.00 ASTI 15,054.4 0.048 +0.008 +20.00 Miyoshi 1,795.5 0.044 +0.009 +25.71 Equation 83,315.7 0.008 -0.002 -20.00 IPCO Intl
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    • Article, Illustration
      Lock icon Another weak day for local stocks
      639 8  -  STI falls 25.5 points on market turnover of only S$734m; average value per unit traded of S$0.56 indicates interest in penny stocks TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT IT’S difficult not to agree with trading representatives who claim that present market conditions are the
      Source: Bloomberg  -  639 words
    • Article
      Lock icon STI STOCKS
      306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 xd -4 242/239 257 209 6.4 6684.4 CapitaCom Trust 157 -2 160/157 164 127 5.5 4651.2 CapitaLand 311 -5 316/310 340 280 12.4 2.9 *****.9 CapitaMall Trust 213 cd -2 215/212
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    • Article
      Lock icon MOST ACTIVE
      32 8 VOLUME Noble 152,997,300 Equation 83,315,700 Ezra 64,937,100 Annica 54,000,000 GSH 28,886,000 Market volume 1,704,872,000 VALUE DBS Grp 54,734,713 UOB 46,715,667 Singtel 34,777,776 Sembcorp Ind 27,437,288 Noble 25,849,867 Market value 760,919,000
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    • Article
      Lock icon SGX ETFs
      107 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 287 -3 377 290/287 313/254 287/288 Nikko AM STI ETF 293 -3 114 295/293 319/259 292/294 7.1 DBXT MSRussia US$ US214 -1 80 216/214 219/129 214/215 DBXT Vietnam US$ US2385 -9 27 2395/2356 2533/2017
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Oct 26 VALUE CLOSE BT OB/OS -257.00 +37.00 BT CADI -*****.00 -88.00 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 689.49 -7.49 FTSE ST Small Cap 384.83 -2.73 FTSE ST All Share 698.47 -5.79 FTSE ST China Top 158.69 -1.48 FTSE ST China 195.15 -1.71 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share FTSE ST All-Share index Oct 26, 2016 698.47 -5.79 (-0.82%) Current streak 2 days Day high 702.22 Day low 698.28 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 8 STI MSCI EAFE MSCI EAFE Index Oct 25,2016 1,670.87 -2.06 (-0.12%) Current streak 1 day Day high 1,681.98 Day low 1,669.53 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 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 3 0 1 0 4 7 3 Manufacturing 32 36 25 9 10 9 41 46 34 Commerce 13 25 9 3 5 7 16 30 16 Tpt/Stor/Comms 5 18 6
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,571 25 20,596 58,361 4 58,365 Manufacturing 117,815 167,938 285,753 66,737 2,554 69,291 Commerce 240,320 32,476 272,796 92,626 440 93,066 Tpt/Stor/Comms 118,851 555 119,406 99,731 50 99,781 Finance 20,494 9,555 30,049 136,041 1,761 137,802 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon CapitaLand Retail China Trust | Hold (Downgrade)
        123 8 CapitaLand Retail China Trust Hold (Downgrade) Target price: S$1.60 Oct 26 close: S$1.55 OCBC Investment Research, Oct 26 CRCT’s Q316 results were impacted by a stronger SGD against RMB, as well as an additional tax provision for its Beijing assets; we had not anticipated the latter. Q3 DPU dropped 10.6
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      • Article
        Lock icon Mapletree Industrial Trust | Buy
        224 8 Mapletree Industrial Trust Buy Target price: S$1.90 Oct 26 close: S$1.74 DBS Group Research, Oct 26 Q2FY17 topline and net property income (NPI) was up 1.8 per cent and 4.3 per cent to S$84.2 million and S$63.6 million respectively, mainly on the back of higher rentals achieved coupled with better
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      • Article
        Lock icon Sembcorp Marine | Reduce
        190 8  - Sembcorp Marine Reduce Compiled by Andrea Soh Target price: S$0.90 Oct 26 close: S$1.275 CIMB Research, Oct 25 With a S$21 million net loss in Q316, SMM missed both our and Bloomberg consensus expectations, dragged by its share of losses and impairment in Cosco Corp. Q316 EBIT margin plunged to
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    • Article
      Lock icon A$ shines on inflation data; US$ retreats from highs
      448 9 CURRENCIES REUTERS London THE Australian dollar was an outperformer on Wednesday, bucking a broad risk-averse environment in global markets, helped by a higher-than-expected inflation reading that dented chances of an interest rate cut in the near term. Consumer prices rebounded by
      REUTERS  -  448 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Oct 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.027 5.211 0.705 5.972 51.408 100.117 0.802 8.731 3.202 1.072 80.641 37.223 1.069 10.575 0.764 24.303 26.944 0.632 0.770 Canada 0.973 5.073
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Oct 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0687 1.0698 0.7697 0.7702 Canadian dollar 1.0407 1.0412 0.7496 0.7495 Euro 1.5158 1.5166 1.0917 1.0919 NZ dollar 0.9969 0.9980 0.7180 0.7185 Sterling pound 1.6916 1.6929 1.2183 1.2188
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Oct 26 S$ Bid Offer 1-month 1.3880 1.3888 2-months 1.3878 1.3885 3-months 1.3877 1.3883 6-months 1.3869 1.3877 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        384 9 Oct 26 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9935.00 9940.00 9845.00 9850.00 *****9 *****2 Nov16 9960.00 9965.00 9872.50 9877.50 *****5 *****1 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Mar17 *****.00 *****.00 *****.00 *****.00 230 4468 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        212 9 Most active Oct 26 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.2 unch ***** 1 1 50 4.00 10 Charisma EnergyServicesW*****3 0.2 0.1 4620 1 3 1 STI 2950 MB eCW*****8 4.8 4000 0.0 4
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Oct 25 Index Change Change Change Change Change Change World Preliminary 1307.3 -0.1 2.3 -0.3 0.5 -0.2 2.4 EAFE Preliminary 989.0 0.2 -2.4 -0.2 -4.4 -0.1 -2.6 Europe Preliminary 1415.2 -0.2 0.2
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Oct 26 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.06 US$ 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
        69 9 Oct 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.75 105.79 105.77 5-Year N*****0Z 1.250 01-Oct-21 99.8 99.90 99.89 10-Year NX*****F 2.125 01-Jun-26 102.8 103.02 102.85 15-Year NZ*****F 2.875 01-Sep-30 109.03 109.25 109.05 20-Year NZ*****X 2.250 01-Aug-36 100.24
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        247 9 Oct-25 Price Net change change Last Trade Agricultural Oct-25 CBOT Soybeans (US cents/bu) 990.75 -1.25 -0.13% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.80 -0.19 -0.53% 14/12/2016 CBOT Wheat (US cents/bu) 404.25 1.75 0.43% 14/12/2016 Oct-25 LIFFE Cocoa (£/tonne) 2263.00 32.00 1.43% 13/12/2016 LIFFE Coffee (US$/tonne) 2153.00 21.00 0.98%
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    • Article
      Lock icon SGX MAINBOARD
      1618 10 Transaction date: Oct 26 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 127 AIMSAMP Cap Reit 139 +1 173 140 138 0.9 8.2 885.8 LOW 144 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      304 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 0.6 0.1 t Advanced Systems 0.3 unch 109 0.4 0.3 7.9 46.5 29.5 t Advancer Global 38.5 unch 327 39 38.5 15.3 66.7 LOW 16.2
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    • Article
      Lock icon SGX ETF
      136 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 905 736 CIMBASEAN40 US$ US866 +26 0 866 866 135.8 3268 2355 DBXT China50 US$ US3155 -33 2 3155 3155 8.7 422 190 DBXT MSBrazil US$ US421 +1
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      151 5 ASCOTT lift l*[U Get Out with Ascott To truly live the Ascott experience, we recommend that you get out of our residences. Step into the world of Ascott Lifestyle where its fascinating, invigorating, exhilarating. From culture to gastronomy, community living to wellness activities, choose from the wide array of curated
      151 words
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  • Special feature brought to you by PwC
    • Article, Illustration
      Lock icon Crafting a strategy for success
      1192 7 PwC is helping companies devise and execute practical strategies to grow their business in the region Strategy in Action WHEN Richard Skinner first joined PwC in 2005 from a strategy consulting firm, it was with some trepidation. There was a perception in the market that
      1,192 words
    • Article
      Lock icon GEH Q3 profit jumps on higher insurance, investment returns
      456 7  -  Despite 8% dip in gross premiums, net profit surges 185% to S$195 million By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HIGHER profit from its insurance business and shareholders’ funds investments lifted Great Eastern Holdings’ (GEH) third-quarter net profit 185 per cent to
      456 words
    • Article
      Lock icon First Sponsor’s Q3 profit up 13.1% at S$19.3m
      473 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PROPERTY developer First Sponsor achieved a 13.1 per cent growth in net profit to S$ 19.3 million for the third quarter ended Sept 30 on the back of higher development income. Higher other income (which was
      473 words
    • Article
      Lock icon Cambridge Industrial Trust posts 18% drop in Q3 DPU
      580 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAMBRIDGE Industrial Trust (CIT) reported an 18 per cent drop in distribution per unit (DPU) to 0.987 Singapore cent for the third quarter ended Sept 30. Its net property income fell 8.3 per cent to
      580 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      129 10 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
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  • REAL ESTATE
    • Article
      Lock icon Swiss Club sells 3 plots of land at JLL auction
      659 12  -  Also snapped up: a duplex penthouse at Seascape in Sentosa Cove and a single storey house at Daffodil Drive By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE Swiss Club has sold three vacant plots of land zoned for residential use in
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    • Article, Illustration
      Lock icon Singapore property investor, partner pump US$115m into Seychelles project
      719 12  -  Development comprises a 30-villa resort and 17 luxurious homes for sale By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SINGAPORE property investor Kishore Buxani and his Seychelles-based partner have invested US$115 million in the first-phase development of an island in the Seychelles. A
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    • Article
      Lock icon Landlord sees ‘pain’ for NYC apartments over surge in supply
      439 13 BLOOMBERG New York APARTMENT landlord AvalonBay Communities said it expects continued weakness in New York City’s rental market as a wave of new construction adds more units in Manhattan and Brooklyn in the coming year. “The pain is going to
      BLOOMBERG  -  439 words
    • Article, Illustration
      Lock icon Singapore developers’ forecast: less gloomy but still moody
      461 13  -  RESI poll shows improvement in sentiment in Q3 from Q2 but also signals deteriorating market By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore PROPERTY developers here might just be at the final stage of grief, easing from depression to acceptance going by a sentiment
      PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  461 words
    • Article
      Lock icon Househunt
      1672 13 Property transactions for selected districts with contract dates between Sept 14 and Sept 20,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 4 NON-LANDED Caribbean At Keppel Bay Apt 19/09/2016 99 1335 1850 1386 Caribbean At Keppel Bay Apt 16/09/2016
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      370 12 A PROMINENT FREESTANDING LIGHT INDUSTRIAL BUILDING ALONG KALLANG BAHRU r CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E Located on the fringe of Central Business District Land Area: approx. 28,500 sq ft Gross Floor Area: approx. 50,000 sq ft Zoned “Business 1” with plot ratio 2.5 Refurbished and well designed Within
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      273 12 Freehold Commercial Building Along Orchard Road Substantial Shareholding For Sale By Private Treaty Type: 25 Storey Mixed Development Buildings (Retail: 21 Titles Office: 38 Titles) Tenure: Freehold Zoned: Front Tower: Commercial Rear Tower: Commercial Residential Master Plan Plot Ratio: 4.9+ Commercial Strata Area For Sale: Total Retail: Approx. 692sqm 7,449sqft
      273 words
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      12 12 zaobacf m Ift Sr iRE tURa*'MntR Key Pointers on breast cancer prevention
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  • BANKING & FINANCE
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      37 14 >1» (*>» vs ca V' H' e O' 5, S» 00 A e 0°° «nS cr 6» C»v 0° s£ 1 Track your home’s financial performance Your confidential tracking page my Property Tracker x www.srx.com.sq/*****1 SRX.com.sg/property-tracker W v
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      22 14 How do you beat the odds? Get inspired by Joseph Schooling’s story NOW AVAILABLE On sale at all major bookstores and www.stpressbooks.com.sg
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      222 14 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
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  • ENERGY & COMMODITIES
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      1528 15 SAMKO TIMBER LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****7815M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “EGM”) of Samko Timber Limited (the “Company”) will be held at Carlton Hotel Singapore, Connaught Room, Level 2, 76 Bras Basah Road,
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  • TECHNOLOGY
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      Lock icon Results raise concerns Apple has lost its tech superiority
      702 16 Annual revenue falls for the first time since 2001, highlighting the slowdown in the smartphone market REUTERS London APPLE Inc posted its third successive quarter of declining iPhone sales on Tuesday, sending shares slipping despite the promise of better-than-expec-ted holiday sales.
      REUTERS; PHOTO: AFP  -  702 words
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      Lock icon IBM, Slack team up to build smarter datacrunching chatbots
      621 16 BLOOMBERG New York IBM is teaming up with Slack Technologies Inc to make it easier for companies to build custom chatbots into the startup’s workplace messaging systems, the latest move by Big Blue to add more diverse business cases for its
      BLOOMBERG  -  621 words
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      67 16 SINGAPORE EXPO HALLS 4 5!29 30 OCT 2016 10AM TO 8PM!FREE ADMISSION The best time to buy a car. With all the great offers from all your favourite brands, you don’t need any more excuses. AUDI•BMW•CHEVROLET•CITROEN•FORD•HYUNDAI•INFINITI•JAGUAR•KIA•LAND ROVER•MAZDA•MITSUBISHI•NISSAN•OPEL•PEUGEOT•RENAULT•SSANGYONG•SUBARU•SUZUKI•TOYOTA•VOLKSWAGEN•VOLVO Find new cars, pre-owned cars and accessories at Singapore’s largest car show. Details
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  • CONSUMER
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      Lock icon Tata sources: Clash of styles led to chairman’s ouster
      1100 17 Cyrus Mistry’s handling of the legal tangle with Docomo and other issues rankled the old guard, they say BLOOMBERG Mumbai THE agenda for Monday’s extraordinary board meeting at India’s largest conglomerate contained little hint of what was to come. Tata Sons
      BLOOMBERG; PHOTO: REUTERS  -  1,100 words
    • Article
      Lock icon Heineken’s beer shipments beat analysts’ estimates of growth in Asia
      400 17 BLOOMBERG London HEINEKEN NV, the world’s secondlargest brewer, reported third-quarter shipments that beat analysts’ estimates as the Tiger brand in Vietnam helped drive growth in Asia. Volume increased 2 per cent on an organic basis, led by a 15 per
      BLOOMBERG  -  400 words
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      83 17 Everyone deserves a great Weekend In celebration of The Business Times’ 40th Anniversary, readers can enjoy discounts on Grab rides and dining deals at selected exquisite restaurants this October! Purchase a copy of The Business Times Weekend on 29 October 2016 to find out more! it S E N S
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  • GOVERNMENT & ECONOMY
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      Lock icon New home sales stay close to almost nine-year high
      404 18 Durable employment gains and historically low mortgage rates combining to lift housing demand LATEST US DATA BLOOMBERG Washington PURCHASES of new US homes in September stayed close to an almost nine-year high, showing residential real estate was maintaining momentum heading into
      BLOOMBERG  -  404 words
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      Lock icon EU banks poised to win reprieve on capital rule for derivatives
      634 18 New rule to cut capital they need when they receive collateral from clients BLOOMBERG London EUROPEAN Union (EU) banks are set to win a major reprieve from capital regulations in a victory for their argument that the restrictions would
      BLOOMBERG  -  634 words
    • Article, Illustration
      Lock icon Philippine officials tell Japanese businessmen it’s ‘business as usual’ despite regional tensions
      915 18  -  By Anthony Rowley btworld@sph.com.sg Tokyo PHILIPPINE officials strove on Wednesday in Tokyo to assure Japanese businessmen that the relationship between their two countries would remain on a “business as usual” basis despite the prospect of shifts in the
      PHOTO: REUTERS  -  915 words
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      Lock icon US warns Berlin on China takeover of chipmaker: report
      307 18 REUTERS Frankfurt US intelligence services warned Berlin that a now on-hold Chinese takeover of German semiconductor equipment maker Aixtron could give Beijing access to technology that could be used for military purposes, business daily Handelsblatt said. The German economy ministry said
      REUTERS  -  307 words
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      Lock icon Women and men won’t reach economic equality for another 170 years: WEF
      625 18 REUTERS New York EFFORTS to close gender gaps in pay and workforce participation slowed so dramatically in the past year that men and women may not reach economic equality for another 170 years, the World Economic Forum (WEF)
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      Lock icon With economy stable, China steps up quest to rein in credit
      626 19 State Council says new high-level committee led by NDRC chairman will seek to ensure companies reduce leverage BLOOMBERG Shanghai CHINA’S policymakers are stepping up efforts to rein in risks stemming from rampant growth in shadow banking products, elevated corporate
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      Lock icon Fiscal policy poles apart in Sweden and Norway
      428 19 BLOOMBERG Stockholm GEOGRAPHICALLY, Sweden and Norway’s central banks are as close as can be. But when it comes to policy, they’re miles apart. While speculation is growing that Sweden this week could be forced to cut rates even deeper below zero or
      BLOOMBERG  -  428 words
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      Lock icon Indonesia approves 2017 state budget with 2.41% deficit
      410 19 REUTERS Jakarta INDONESIA’S parliament on Wednesday approved the government’s 2017 budget, described by Finance Minister Sri Mulyani Indrawati as a “balanced budget”. The budget, at a deficit of 2.41 per cent of gross domestic product, is bigger than the initial 2016 budget
      REUTERS; PHOTO: REUTERS  -  410 words
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      296 19 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
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  • TRANSPORT
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      Lock icon VW buybacks to begin under US$14.7b diesel test cheating accord
      1237 20 Judge says deal has achieved the primary goal of getting polluting cars off the road BLOOMBERG San Francisco VOLKSWAGEN AG and drivers suing the company in the US over its diesel-cheating scandal have won final approval of their US$14.7 billion
      BLOOMBERG; PHOTO: AFP  -  1,237 words
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      Lock icon Shedding of S Korea shipyard jobs set to continue
      734 20 up to 40,000 more on the cards by year-end, from over 20,000 so far this year BLOOMBERG Singapore SOUTH Korea’s shipbuilding industry home to the world’s top three manufacturers has eliminated more than 20,000 jobs this year. They may not even
      BLOOMBERG; programme by the end PHOTO: BLOOMBERG  -  734 words
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      Lock icon GM’s record results fail to end investors’ unease over sector
      729 20 BLOOMBERG Southfield GENERAL Motors Co posted third-quarter profit and sales that set records and beat analysts’ estimates and still underwhelmed investors who have a nagging feeling that the industry’s heydays are over. GM shares dropped the most since Aug 2,
      BLOOMBERG  -  729 words
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      960 21 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
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  • OPINION
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      Lock icon Timely call to keep an eye on social equity amid entrepreneurial push
      564 22 EDITORIAL AT long last some frank talk in Singapore about the potential downsides of tech-driven entrepreneurship and the gig economy. And, for once, the criticism has nothing to do with dollars and cents, but the issue of social
      564 words
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      Lock icon Long auditor-client relationships a threat to independence
      1363 22  -  The role of auditors is so crucial that they cannot afford to get too close to their clients at any level. BY KANG WAI GEAT BY KANG WAI GEAT T The writer is assistant director of technical advisory and professional standards at the
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      Lock icon Split your ticket, American voters
      842 22  -  TTTHE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington THERE was a time when ticket splitting was common. Voters would support one party’s candidate for president and the other’s for Congress. At its peak in 1972, ticket splitters represented 30 per
      THE WASHINGTON POST WRITERS GROUP  -  842 words
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      Lock icon Technology can be harnessed to serve the unbanked in Asean
      967 23  -  COMMENTARY By Fraser Thompson, Sacha Polverini T Fraser Thompson is director of AlphaBeta, Singapore, and Sacha Polverini is senior programme officer, Financial Services for the Poor, Bill and Melinda Gates Foundation DIGITAL financial services can be crucial for overcoming the
      967 words
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      Lock icon The eloquence in Bob Dylan’s silence about that Nobel prize
      878 23  -  COMMENTARY By Adam Kirsch TAdam Kirsch, a poet and critic, is the author, most recently, of “The People and the Books: 18 Classics of Jewish Literature”. IN the summer of 1964, Bob Dylan released his fourth album, “Another Side of
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      Lock icon War without end?
      1376 23  -  The problem in Iraq and Syria is that all parties to the conflicts are able to imagine their prospects vis-a-vis one another if ISIS ceased to exist, and so cooperating may not be their priority. BY JOHN GEE BY JOHN GEE T The writer is a freelance
      PHOTO: REUTERS  -  1,376 words
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  • LIFE & CULTURE
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      Lock icon Wanted: Permanent home for WTA Finals
      491 24  -  Women’s Tennis Association chief says it will evaluate all options for the Finals beyond 2018, hails Singapore as “great” host so far By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE Women’s Tennis Association (WTA) is looking for a permanent home to stage its prestigious sea-son-ending
      PHOTO: AFP  -  491 words
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      Lock icon Beatty becomes first US writer to win Man Booker Prize
      710 24 AFP London PAUL Beatty has became the first US author to win the Man Booker Prize for his novel The Sellout, which the novelist said should not be read as a “mono-directional” take on race. The jury behind the world’s
      AFP; PHOTO: REUTERS  -  710 words
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      Lock icon More corals die in Great Barrier Reef bleaching
      473 24 AFP Sydney MORE corals are dying and others are succumbing to disease and predators after the worst-ever bleaching on Australia’s iconic Great Barrier Reef, scientists said on Wednesday. A swathe of corals bleached in the northern third of the 2,300-kilometre long biodiverse
      AFP; PHOTO: AFP  -  473 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      304 24 CRYPTIC CROSSWORD Across 1 State of panic in apartment with fast turnaround? (4,4) 6 Powerful male, heavy, we dropped (6) 9 Opera singer’s brief song about us (6) 10 French wine old boy brought back ring for a curry (8) 11 Guide female lead in play, and her daughter (8)
      304 words