The Business Times, 31 October 2016

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Total Pages: 32
1 32 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 Monday, October 31, 2016
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  • Article, Illustration
    229 1 As emerging market bonds hang on to their remarkable rally in 2016, one thing is clear: they are no longer cheap. TOP STORIES 2 As Ezra Holdings’ associate company in Malaysia, Perisai Petroleum Teknologi Bhd, lands in further trouble, the debt-laden company is asking for more time to
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  • 25 1 Weekly Change STI 2,816.26 -14.80 KL COMP 1,670.27 +0.29 NIKKEI 225 17,446.41 +261.82 HANG SENG 22,954.81 -419.59 SHENZHEN B 1,163.74 -1.92 DOW 18,161.19 +15.48
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  • 1036 1  -  Investors see them as access to credit-worthy names paying pretty high coupons By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore PRICES of Singdollar (SGD) perpetuals have risen sharply and investors who kept faith earlier, when poor sentiment gripped the bond market as
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  • 1131 1  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE world’s two largest rigbuilders’ third-quarter earnings may have been enough of a fright for investors already but analysts have warned that the fourth quarter could be even gloomier for Keppel Corp and Sembcorp Marine. Investors should
    Source: Bloomberg  -  1,131 words
  • Page 1 Advertisements
    • 58 1 *****1 *****1 THE BUSINESS TIMES PATEK PHILIPPE GENEVE Begin your own tradition. r~\ l 3 J-rT B P 2 C g-* PATEK PHILIPPE GENEVE O' rl I < 2 ;:i 11 L,5 l A C H m §t m j* m EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE
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    • 33 1 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO INTERVIEW: RON SIM Private again, OSIM gets down to business TOP STORIES 4 BT SPECIAL SUPPLEMENT Updating a roadmap for excellence BUSINESS EXCELLENCE 2016 13-20
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    • 19 1 OPPORTUNITIES AMID THE DOWNTURN What is the economic outlook for your business and industry? VIEWS FROM THE TOP 22-23
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  • TOP STORIES
    • 921 2  -  Some say party can go on, citing stronger fundamentals, receding China fears and strong demand By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS emerging markets (EM) bonds hang on to their remarkable rally in 2016, one thing is clear: They are no longer
      Source: Bloomberg, JP Morgan EMBI Plus Sovereign Spread Index  -  921 words
    • 704 2  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore AS Ezra Holdings’ associate company in Malaysia, Perisai Petroleum Teknologi Bhd, lands in further trouble, the debt-laden company is asking for more time to announce its unaudited full-year results. Explaining the reason in a Singapore Exchange
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    • 552 2 REUTERS New York THE Federal Reserve meets this week and the US government releases an important report on jobs, but investors could be forgiven for having something else on their minds. The heated US presidential campaign, which for months has grabbed
      REUTERS; BLOOMBERG  -  552 words
    • 1512 4  -  It’ll strengthen corporate structures and grow its brands more, says founder Ron Sim By Wong Wei Kong weikong@sph.com.sg @WongWeiKongBT Singapore FREED from the weighty obligations of a listed company, recently delisted OSIM International will now be able to focus on its next phase
      BT FILE PHOTO  -  1,512 words
    • 538 4  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE much-anticipated high-profile trial of former BSI banker Yeo Jiawei which is connected to the probe into 1Malaysia Development Berhad’s (1MDB) money trail, Singapore’s biggest and most complex international money laundering case kicks off on
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    • 694 4 COMPANY OF GOOD Singapore GIVING back to the community runs deep in Courts’ veins, thanks to a steadfast determination to serve the community that comes directly from the top. Said Terry O’Connor, group CEO of Courts Asia Limited: “Courts has been serving Singapore
      PHOTO: NVPC  -  694 words
  • Page 2 Advertisements
    • 31 2 4If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Want access to BBQ pits?
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  • Page 3 Advertisements
    • 161 3 JAGUAR F-TYPE COUPE THERE'S METHOD TO OUR MADNESS l s\ r >oo DO V* r X j r tr Some say it’s mad to create a car with up to 550PS. But we know the sheer delight and exhilaration of immense power. We also understand the importance of mastering all
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  • COMPANIES & MARKETS
    • 1027 5  -  The recovery of the healthcare provider is well underway after it swung to the black for the first half. TOPLINE BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT THE remarkable restoration of once ailing Singapore Medical Group (SMG), listed on Singapore’s Catalist, may well have been guided by
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    • 974 5  -  It will allow for rigorous discussions to take place for more effective decision making. BOARDROOM MATTERS BY ADRIAN CHAN T The writer is the deputy chairman of the Advocacy and Research Committee of the Singapore institute of Directors. A LOT of ink has been
      PHOTO: AFP  -  974 words
    • 1868 6  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying fell for the fifth straight week while the selling among directors was flat based on filings on the Singapore Exchange in the fourth week of October. A
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    • Article, Illustration
      63 8 STI Catalist Straits Times Index Oct 28,2016 2,816.26 -14.80 (-0.52%) Current streak 1 day Week high 2,856.68 Week low 2,816.26 52-week high 3,010.47 (NOV 6, 2015) 52-week low 2,539.95 (Feb 12,2016) WEEKLY FTSE ST Catalist index Oct 28,2016 454.45 -2.76 (-0.60%) Current streak 1 day Week high 463.53 Week low
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    • 607 8  -  STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT AFTER beating a retreat last week, local shares look set to spend the next several days in a state of anxiety with just one more week to go before pivotal decisions in the United States shape
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    • 305 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 xd -2 246/235 257 209 6.4 6628.7 CapitaCom Trust 158.5 -1 161/156 164 127 5.4 4695.6 CapitaLand 310 -2 319/308 340 280 12.4 2.9 *****.2 CapitaMall Trust 208 xd -3 215/205
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    • 74 8 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 906.4 5.5 *****/9646 JSH USD 3500 198.0 4.2 3500/2524 DBXT AUDBonds AU$ ***** 100.9 0.4 *****/***** DBXT MSUSA US$ 5586 89.2 1.2 5660/4705 B&M Trustees 349 89.0 34.2 351/260 BY PERCENTAGE CLOSE UP 52w high/low Amplefield Ltd 3 200.0
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    • 75 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -306.8 -1.0 *****/***** DBXT MSEurope US$ 5290 -143.6 -1.9 5637/4770 DBXT Nifty50 ETF10 ***** -131.1 -0.7 *****/***** DBXT China50 US$ 3087 -96.2 -2.2 3268/2355 Lyxor Europe US$ 1256 -75.3 -4.1 1380/1150 BY PERCENTAGE CLOSE DOWN 52w high/low Full Apex
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    • 77 8 VOL CLOSE($) CHANGE BlackGoldNatural 1,886.1 0.067 +0.023 +52.27 Asian Micro 90.0 0.008 -0.004 -33.33 LifeBrandz 28,000.0 0.002 -0.001 -33.33 Cacola 8,967.2 0.004 -0.001 -20.00 China Flexpack 53.4 0.790 -0.070 -8.14 Libra 1,402.9 0.180 +0.015 +9.09 Eindec 1,100.0 0.060 +0.005 +9.09 Delong 94.0 0.350 +0.090 +34.62 Envictus 57.0 0.570
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    • 36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Oct 28,2016 696.39 -2.94 (-0.42%) Current streak 1 day Week high 704.78 Week low 696.39 52-week high 728.58 (NOV 6, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • 34 8 STI MSCI EAFE WEEKLY MSCI EAFE Index Oct 28,2016 1,665.62 -6.83 (-0.41%) Current streak 2 days Week high 1,672.93 Week low 1,665.62 52-week high 1,771.66 (Oct 30, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 4 1 0 0 6 8 4 Manufacturing 55 59 20 18 14 10 73 73 30 Commerce 26 23 15 6 9 6 32 32 21 Tpt/Stor/Comms 11 18 3
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    • 125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 73,960 573 74,533 221,941 99 222,040 Manufacturing 621,390 806,619 1,428,009 402,893 24,258 427,151 Commerce 950,624 272,135 1,222,759 416,763 3,472 420,235 Tpt/Stor/Comms 529,301 2,386 531,687 561,058 216 561,274 Finance 125,505 41,307 166,812 700,028 7,103 707,131 Construction
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    • 481 8 COMMODITIES AFP Luanda ANGOLAN state-owned oil company Sonangol rode the commodities boom that drove the country’s extraordinary growth after civil war ended in 2002, but today it symbolises a national economic crisis. The Luanda-based company has increasingly been in focus since Isabel dos
      AFP  -  481 words
    • 243 8 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia ...5.75 Bank
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    • 34 8 VOLUME Noble 548,100,600 Equation W*****2 527,188,200 Ezra 256,647,200 Equation 250,526,900 LionGold 156,208,000 Market volume 9,235,547,000 VALUE DBS Grp 249,135,667 Singtel 224,350,630 UOB 217,648,627 OCBC Bank 153,043,558 Ascendas Reit 149,498,481 Market value 4,030,239,000
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    • 111 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 286 -2 1083 291/285 311/254 286/287 IS MS INDIA US$ US730 -4 849 735/441 772/441 725/730 91.3 Nikko AM STI ETF 290 -3 788 297/290 314/259 290/293 7 DBXT MSPHILS US$ US195 +0.3 172
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    • 132 8 COMPANY MEETING PLACE DATE TIME Abterra Ltd E 7 Temasek Boulevard #11-01 Suntec Tower 1 31-Oct 10.00am Asia-Pac Strategic Invest A Antica I (Lvl 2) Orchard Parade Hotel 1 Tanglin Road 31-Oct 11.00am JES Intl Hldgs A Arena Country Club 511 Upper Jurong Rd 31-Oct 9.30am Lion Asiapac
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    • 77 8 Oct 28 VALUE CLOSE BT OB/OS -244.00 -213.00 BT CADI -*****.00 -105.00 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 690.28 -4.05 FTSE ST Small Cap 384.11 -2.83 FTSE ST All Share 696.39 -3.01 FTSE ST China Top 157.69 -0.70 FTSE ST China 194.03 -0.47 FTSE
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    • 427 9 CURRENCIES REUTERS New York THE US dollar tumbled against a basket of major currencies on Friday while hitting a three-week high against the Mexican peso on US political uncertainty after the FBI said it would review more e-mail related to Democratic presidential
      REUTERS  -  427 words
    • FOREX RATES
      • Article, Illustration
        3 9 WEEKLY
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      • 471 9 Oct 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 5.141 0.695 5.881 50.684 98.915 0.798 8.687 3.184 1.063 79.464 36.761 1.058 10.559 0.753 23.996 26.618 0.622 0.758 Canada 0.985 5.065
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      • 155 9 Oct 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0571 1.0580 0.7581 0.7586 Canadian dollar 1.0416 1.0422 0.7473 0.7470 Euro 1.5221 1.5226 1.0916 1.0917 NZ dollar 0.9942 0.9951 0.7130 0.7135 Sterling pound 1.6991 1.6996 1.2185 1.2186
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      • 22 9 Oct 28 S$ Bid Offer 1-month 1.3940 1.3946 2-months 1.3939 1.3944 3-months 1.3938 1.3943 6-months 1.3932 1.3939 Source: OCBC
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      • Article, Illustration
        2 9 WEEKLY
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      • 3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        3 9 WEEKLY
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    • BANK RATES
      • 154 9 Oct 28 $S Offer Bid 0vernight 0.04 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.15 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.85 0.65 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
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      • 67 9 Oct 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.69 5-Year N*****0Z 1.250 01-Oct-21 99.41 99.50 99.50 10-Year NX*****F 2.125 01-Jun-26 101.69 102.15 101.60 15-Year NZ*****F 2.875 01-Sep-30 107.66 108.10 107.75 20-Year NZ*****X 2.250 01-Aug-36 98.93 99.20 98.90
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    • EQUITY BONDS WARRANTS FUTURES
      • 390 9 Oct 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9835.00 9925.00 9825.00 9870.00 ***** ***** Nov16 9862.50 9960.00 9855.00 9912.50 *****1 *****3 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Mar17 *****.00 *****.00 *****.00 *****.00 8 4856 MSCI TAIWAN
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      • 206 9 Most active Oct 28 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.2 0.1 *****8 1 1 33 4.50 10 Ntegrator Intl Ltd W*****3 0.4 unch ***** 1 1 -7 3.75 25 Compact Metal Indus
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Oct 28 Index Change Change Change Change Change Change World Preliminary 1303.0 0.2 2.0 -0.1 0.2 0.1 2.0 EAFE Preliminary 986.0 0.0 -2.7 -0.3 -4.7 -0.1 -2.9 Europe Preliminary 1410.0 -0.2 -0.2
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    • AGRI METALS ENERGY
      • 250 9 Oct-27 Price Net change change Last Trade Agricultural Oct-27 CBOT Soybeans (US cents/bu) 1014.25 4.25 0.42% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.11 -0.61 -1.71% 14/12/2016 CBOT Wheat (US cents/bu) 414.50 3.00 0.73% 14/12/2016 Oct-27 LIFFE Cocoa (£/tonne) 2272.00 -5.00 -0.22% 13/12/2016 LIFFE Coffee (US$/tonne) 2170.00 16.00 0.74%
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    • 493 10  -  It will be given all of Relativity’s film, television, sport, fashion and music asset for distribution on its platform By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore YUUZOO Corporation Limited is planning to invest between US$50 million and US$150 million in an
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    • 314 10  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore IN a bid to integrate digital payments into their customers’ lives, OCBC Bank has rolled out a new feature that lets them send money through Apple’s Siri and iMessage. These services are available for all customers
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    • 318 10  -  By sandrea@sph.com.sg Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore TWO independent directors of doormaker KLW Holdings under investigation by the Commercial Affairs Department (CAD) for an alleged offence under the Securities and Futures Act have resigned. Lim Jit Siew and Nicholas Jeyaraj s/o Narayanan have stepped down
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    • 1155 10 Payment Ex Rec Pay Ann (cts) date date date date 800 Super Hldgs ak 2.500 28-Oct 01-Nov 10-Nov 21-Oct Aims Property Sec Fund do 2.144 28-Sep 30-Sep 16-Dec 26-Sep Ascendas India Trust aw 2.730 14-Nov 16-Nov 28-Nov 25-Oct Ascendas Reit dd 2.156 26-Oct 28-Oct 29-Nov 20-Oct Ascendas Reit
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    • 1103 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 10.16 0.88 0.65 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 12.66 1.62 1.37 ARA Asset Mgt 1.25 1.25 2 0.08
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    • 1866 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Last Vol Week Div GrYld Net MCap 149 127 AIMSAMP Cap Reit 137cd -1 2362 140 137 0.9 8.3 873.1 LOW 146 101 ARA Asset Mgmt 138.5 +4.5 4566 146
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    • 359 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Week Div GrYld Net 0.6 0.1 t Advanced Systems 0.3 -0.1 4910 0.4 0.3 7.9 46.5 29.5 t Advancer Global 38 +1 1051 39 37 15.1 65.8 LOW 16.2
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    • 190 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E 120.1 112.1 ABF SG Bond ETF 118.8 unch 139 119 118.5 542.3 Last Sale 1211 1061 CIMBASEAN40 S$D 1204 +39 0 1211 1204 905 736 CIMBASEAN40 US$ US866 +26 0 866
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  • Page 5 Advertisements
    • 5 5 SID SINGAPORE INSTITUTE OP DIRECTORS
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    • 279 5 DB Platinum Crod Branchen Stars R1C-A 24/10/2016 238,39 EUR OSEA2016 The 21st International Oil Gas Industry Exhibition Conference SINCE 1 976 29 Nov -2 Dec 2016 Tuesday Friday 10.30am 6.00pm Marina Bay Sands, Singapore Future-Ready Your Business Now OSEA2016 Asia's most established oil and gas industry event, will feature solutions
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  • Page 6 Advertisements
    • 1570 6 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg DELONG HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 28 July 1997) (Company Registration Number: *****5215G) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalised terms used in this Notice which are not defined herein shall, unless the context otherwise requires, have the
      1,570 words
    • 28 6 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
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  • Page 7 Advertisements
    • 2880 7 (A limited liability company incorporated in Malaysia) ABRIDGED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2016 DIRECTORS The Directors who have held office since the date of the last report and at the date of this report are as follows: Chairman YBhg Tan Sri Quek Leng Chan (Non-Executive
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  • Page 11 Advertisements
    • 71 11 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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  • REAL ESTATE
    • 1113 12 Chinese company provides management and other jobs to Georgians with housing project transforming barren land NYTIMES Tbilisi, Georgia SCOTT Mi, a businessman from western China, stood on a balcony on one of the nine completed towers of 27 that his company plans to
      NYTIMES; PHOTO: NYTIMES  -  1,113 words
  • Page 12 Advertisements
    • 246 12 THE BUSINESS TIMES THE BL5LNESS TIMES 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! Grab smo V Grab $5 off your GrabTaxi ride Enjoy 1 -for-1 on main course
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  • BUSINESS EXCELLENCE 2016
    • 919 13  -  The Business Excellence Framework is being refreshed to address an evolving commercial landscape. landscape.BY FRANCIS KAN SIX Singapore organisations were honoured last week for their superior performance and commitment to excellence under Spring Singapore’s Business Excellence (BE) framework. The framework provides organisations with a roadmap
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    • 954 14  -  Prime tructures Engineering is one of the companies that have used the Business Excellence framework to reach new heights. BY FRANCIS KAN SINCE its launch in 1994, the Business Excellence (BE) initiative has helped thousands of local organisations assess their current performance and what they need to
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    • 333 14 THERE are four standards and certification programmes based on the BE framework: (i) An overall BE standard leading to the Singapore Quality Class (SQC) certification; and (ii) Three BE niche standards for people, innovation and service leading to the People Developer, Singapore Innovation Class and Singapore
      333 words
    • 651 16  -  Hwa Chong Institution is pushing the boundaries of innovation in education. SQA (SPECIAL COMMENDATION) WINNER: HWA CHONG INSTITUTION education.BY SURESH NAIR FOUR key factors make Hwa Chong Institution (HCI) stand out from other leading educational institutes in town. Hon Chiew Weng, principal, Hwa Chong Institution, says that
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    • 487 16  -  DBS differentiates itself from its global competitors by banking the Asian way. BY FRANCIS KAN SQA WINNER: DBS BANK BY FRANCIS KAN GOOD leadership is one of the key factors contributing to DBS Bank’s achieving overall business excellence. DBS is a people-driven business and
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    • 738 18  -  Maritime and Port Authority of Singapore has played a key role in developing a world-class maritime centre. SQA WINNER: MARITIME AND PORT AUTHORITY OF SINGAPORE BY SURESH NAIR THE formula for success for Maritime and Port Authority of Singapore (MPA) lies in its pro-enter-prise focus
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    • Article, Illustration
      324 18  -  Defence Science and Technology Agency leverages its talent to achieve superior performance. PEOPLE EXCELLENCE AWARD WINNER: DEFENCE SCIENCE AND TECHNOLOGY AGENCY (DSTA) BY SURESH NAIR AT the Defence Science and Technology Agency (DSTA), the career development of employees is taken very seriously. “Our strategy on developing and retaining
      324 words
    • 542 20  -  The National Library Board aims to enhance library spaces for learning and collaboration. INNOVATION EXCELLENCE AWARD WINNER: NATIONAL LIBRARY BOARD BY SURESH NAIR LIBRARY and citizen engagement are critical elements in fostering a futuristic learning society. The National Library Board (N B) plans to continue
      FILE PHOTO  -  542 words
    • 406 20  -  The Singapore Civil Defence Force is using innovation to fulfil its mission of keeping Singapore safe. BY SURESH NAIR INNOVATION EXCELLENCE AWARD WINNER: SINGAPORE CIVIL DEFENCE FORCE (SCDF) BY SURESH NAIR VIRTUAL reality, robotics and data analytics are some of the technologies being used by
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  • Page 13 Advertisements
    • 50 13 THE DRIVING FORCE BEHIND MARITIME SINGAPORE OUR MISSION To develop and promote Singapore as a premier global hub port and an international maritime centre and to advance and safeguard Singapore’s strategic maritime interests. OUR VALUES A leading maritime agency driving Singapore’s global maritime aspirations. OUR VISION Forward Thinking,Integrity,Respect,Service Excellence,Teamwork WWW.MPA.GOV.SG
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  • Page 15 Advertisements
    • 116 15 DBS. Serving you with excellence as Winner of the Singapore Quality Award. You ignited the spark that led us to win the Singapore Quality Award for business excellence. And as the World's Best Digital Bank, making banking simple, fast and intuitive is at the heart of everything we do. Thank
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  • Page 16 Advertisements
    • 83 16 The Life Saving Force r r. r. A v vT o'n i r \r EJ T rs .T> INNOVATION EXCELLENCE AWARD 2016 WINNER TWENTY-SEUEN YEARS ONE VISION COUNTLESS BREBKTHROUGHS Vision: A World-Leading Life Saving Force through people, innovation partnership for an emergency ready nation Mission: To protect and save lives
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  • Page 17 Advertisements
    • 1332 17 /4K& RECOGNISING l BUSINESS EXCELLENCE Congratulations to the following organisations for j achieving the Business Excellence certifications SINGAPORE SERVICE CLASS ACCOUNTING AND CORPORATE REGULATORY AUTHORITY AMERICAN CLUB, THE ADVENTUS SINGAPORE PTE. LTD. BARCODE MARKETING PTE. LTD. BUILDING AND CONSTRUCTION AUTHORITY CBM PTE. LTD. CBM INTERNATIONAL PTE. LTD. CBM PARKING PTE.
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  • Page 18 Advertisements
    • 132 18 INNOVATINGTO DELIVER BETTER CONTENT AND SERVICES V' <f, i w. ’I] t* ""■i i* IV tit 3 ■K J si* A asp The National Library Board (NLB) promotes reading, learning and information literacy. It provides a trusted, accessible and globally-connected library and information service through its network of 26 public
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  • Page 19 Advertisements
    • 1168 19 ADVERTORIAL Sing Post's journey to business excellence Customer compliments received this year grew by two-and-a-half times compared to 2015. Singapore Post was certified to the Singapore Service Class (or S-Class) in November 2010, qualified for the Singapore Quality Class (or SQC) and re-certified for the S-Class in January 2013. These
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  • Page 20 Advertisements
    • 114 20 SCALINGNEWPEAKS F GLOBAL EXCELLENCE For over 97 years, Hwa Chong Institution is proud to have nurtured countless enterprising servant leaders with a sense of purpose, passion and compassion. Representing the best of East and West, generations of Hwa Chong students have remained steadfast to the school’s core values of giving
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • 1208 21 Technological advances will enable the 5 human senses, and ultimately, consciousness itself, to be re-created in the virtual environment CURRENT market forecast models do not necessarily factor in changes to virtual reality (VR) and augmented reality (AR) device applications and demand for them as
      PHOTO: REUTERS  -  1,208 words
    • 544 21 VIRTUAL reality (VR) and augmented reality (AR) refer to the experience of a high resolution graphic or photographic environment through a cutting-edge device, such as a headset or eyeglass-type terminal, that draws on advanced displays, graphics semiconductors, motion sensors, and headphone technologies. VR and AR allow
      PHOTO: REUTERS  -  544 words
    • 609 21 Gaming GENRE-WISE, we think that role-playing games (RPGs) and action games are more compatible with virtual reality (VR) technology, given the sense of reality possible using 3D (three-dimensional) graphics, than puzzle games, which are better suited to 2D and flat surfaces. We also expect shooting
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  • Page 21 Advertisements
    • 113 21 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • VIEWS FROM THE TOP
    • 6201 22 THIS WEEK’S TOPIC: What’s the economic outlook for your business and industry? How is your firm responding to it Max Loh Asean and Singapore Managing Partner EY AT EY, we can only be as good as our people and our clients. At the core of what
      ILLUSTRATION: SIMON ANG  -  6,201 words


  • BANKING & FINANCE
    • 731 24 Move spurred by speculation that ECB and its major counterparts are moving closer to curbing monetary stimulus, including asset purchases BLOOMBERG New York AFTER all central bankers have done since the financial crisis to prop up bond prices, it didn’t take much
      BLOOMBERG  -  731 words
    • 532 24 REUTERS Shanghai CHINA’S biggest listed lenders, facing the country’s slowest growth in more than a quarter century and rising borrower defaults, reported flat third-quarter profits as they moved to clean up bad debt on their balance
      REUTERS  -  532 words
    • 509 24 BLOOMBERG Shanghai TWO of China’s biggest banks, Industrial Commercial Bank of China Ltd and China Construction Bank Corp, are testing their regulator’s tolerance by protecting profits at the expense of bad-loan buffers. ICBC and China Construction Bank both reported loan-loss coverage ratios below
      BLOOMBERG; PHOTO: REUTERS  -  509 words
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  • ENERGY & COMMODITIES
    • 690 25 Opec members themselves disagree on how to implement a global deal to curb output REUTERS Vienna NON-OPEC producers made no specific commitment on Saturday to join the Organization of the Petroleum Exporting Countries in limiting oil output levels to prop up prices a
      REUTERS; PHOTO: REUTERS  -  690 words
    • 624 25 BLOOMBERG Chicago EXXON Mobil Corp warned it may be facing the biggest reserves revision in its history as production sank to a seven-year low and profit slid amid a prolonged slump in energy markets. About 3.6 billion barrels of reserves in
      BLOOMBERG  -  624 words
    • 321 25 REUTERS London TESLA Motors Inc chief executive Elon Musk on Friday unveiled new energy products aimed at illustrating the benefits of combining his electric car and battery maker with solar installer SolarCity Corp. Mr Musk showed off solar-powered roof tiles that
      REUTERS  -  321 words
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    • 1040 25 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg NOVO GROUP LTD. Registration No. *****2648H (Incorporated in Singapore with limited liability) (Singapore Stock Code: MR8) (Hong Kong Stock Code: 1048) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of NOVO GROUP LTD. (the “Company”) shall
      1,040 words

  • TECHNOLOGY
    • 772 26 in era of new tech meritocracy, the banking industry evaluates programmers based on objective measurements, not pedigree BLOOMBERG New York FOR almost five years, Gregory Furlong worked 50-hour weeks as a shipping clerk at a Best Buy two miles (3.2km) from
      BLOOMBERG  -  772 words
    • 892 26  -  YOU SAY By BS Teh T The writer is senior vice-president for global sales, Seagate Technology THE Internet of things (IoT) is a network of physical objects that are connected to the Internet and, by extension, one another. These objects sensors, smartphones, watches, and
      892 words
    • 377 26 REUTERS Brussels EUROPEAN privacy watchdogs warned WhatsApp on Friday over sharing user information with parent company Facebook, and cautioned Yahoo over a 2014 data breach and scanning of customer e-mail for US intelligence purposes. The popular messaging service’s recent change
      REUTERS  -  377 words
  • Page 26 Advertisements
    • 235 26 FORM 69 (3) (Rule 91 and 101) NOTICE OF INTENDED FIRST AND FINAL DIVIDEND IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF PERSTORP SINGAPORE PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****7827W Name of Company Perstorp Singapore Pte Ltd (In Creditors’ Voluntary
      235 words
    • 188 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ABM DEVELOPMENT CONSULTANTS PTE. LTD. (Company No: *****1213M) (In Members’ Voluntary Winding-up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of Members
      188 words
    • 323 26 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
      323 words
    • 248 26 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 TRIUMPH SUCCESS INVESTMENTS LIMITED is in voluntary liquidation. The voluntary liquidation commenced on 24 th October, 2016. The Liquidator of the Company
      248 words
    • 24 26 mmm ikf s f > SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAEB TIMES NOTICES
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  • CONSUMER
    • 672 27 Leading news outlets will reap unprecedented profits this year, thanks to an audience surge driven by nearly round-the-clock reporting WP Washington DONALD Trump and Hillary Clinton have been very, very good for the cable news networks. Thanks to an audience surge driven
      WP  -  672 words
    • 823 27 NYTIMES New York RANDALL Stephenson, the chief executive of AT&T, could easily be pigeonholed as just another empire-building executive with a white-bread résumé. He is a 56-year-old Republican from Oklahoma atop a 140-year-old company, whose extracurricular highlights include serving
      NYTIMES; PHOTO: REUTERS  -  823 words
  • Page 27 Advertisements
    • 129 27 r rewards A go direct get rewards Your newspaper subscription comes with exciting rewards. Discover more exclusive perks and exciting deals at www.sphrewards.com.sg THE STRAITS TIMES LIANHE ZAOBAO THE BUSINESS TIMES BERITA HARIAN /'THE-NEW PAPER LIANHE WANBAO TAMIL MURASU Not a direct SPH subscriber? Subscribe now at www.sphsubscription.com.sg ■A Developing
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  • GOVERNMENT & ECONOMY
    • 720 28  -  Barometer of consumer confidence falls by 2 points in Oct on pessimism about the economy over the next year By Neil Behrmann btworld@sph.com.sg London Fears of inflation and relentless fear mongering from political and business leaders, who wish to remain in
      720 words
    • 692 28 AFP Rome ITALY’S most powerful earthquake in 36 years dealt a new blow on Sunday to the country’s seismically vulnerable heart, sending terrified residents fleeing for the third time in nine weeks and flattening a revered six-century-old church. Fabrizio Curcio, head of the national
      AFP; PHOTO: AFP  -  692 words
    • 861 28  -  By Anthony Rowley btworld@sph.com.sg Tokyo PHILIPPINE president Rodrigo Duterte’s swing through Asia taking in first China and then Japan has raised the regional and international profile of the Philippines quite dramatically and may also have provided Manila with economic and strategic advantage.
      PHOTO: REUTERS  -  861 words
    • 749 28 NYTIMES Edinburgh, Scotland THE Transocean Winner, a rig filled with more than 300 tonnes of diesel and weighing 18,740 tonnes, broke away in an August storm to drift onto the rocks on the Isle of Lewis, in far western Scotland. The huge semi-submersible
      NYTIMES  -  749 words
  • Page 28 Advertisements
    • 28 28 BOOK YOUR SPACE NOW! 17-20 NOV 2016 SUNTEC SINGAPORE HALLS 404 406 12-9PM DAILY >>>SELL YOUR>>> TECH PRODUCTS SERVICES Organised by: Call6747 4620 or Email to sales@exhibitsinc.com.sg fb.com/ComexITShow
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  • TRANSPORT
    • 287 29 BLOOMBERG London NISSAN Motor Co’s decision to keep investing in Britain came after the carmaker told the government that it might shut down manufacturing in the country after Brexit, according to a person familiar with the private discussions. The Japanese
      BLOOMBERG  -  287 words
    • 97 29 Singapore SINGAPORE was the first international port of call for Qantas’ new livery, with its A3 30-300 touching down at Changi Airport on Thursday night. The livery will feature on Qantas’ Boeing 787 next year and progressively on the rest of the
      97 words
    • 693 29 In the uncontained failure, internal engine parts breach the protective housing designed to keep them enclosed REUTERS London AN American Airlines jet engine that failed seconds before takeoff in a fiery runway accident at Chicago’s O’Hare International Airport flung broken turbine
      REUTERS  -  693 words
  • Page 29 Advertisements
    • 62 29 DfiBiBraniffln IQ uC Inj Tay Ping Hui and ZoeTay B R 3U I IQJ reading dialect news? bit.ly/zb_ent12 zaobao Chinese Language Content “Few read Malaysian political tea leaves better than Kalimullah does, or with as much humility and good humour.” ASSIF SHAMEEN Former Asiaweek regional correspondent, now consulting editor of
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    • 72 29 SEASON’S GREETING THE HEARTLANDS: Be part of the glitziest Christmas bazaar right at the heartland malls. Reach out, promote and sell to a wide-range of audience during this festive season! 28 Nov to 4 Dec Lot One Shoppers Mall 5 to 11 Dec Novena Square 16 to 22 Dec Century
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    • 32 29 NOV ISSUE OUT NOW! EEE31 NIFTY IHIRTY INFINITI Q30 IS SNAZZY AND SATISFYING mi' »eam suv seurnr GETYOUR COPY NOW FROM THE NEWS-STAND OR VISIT WWW.TORQUE.COM.SG/ SUBCRIPTION TO SUBSCRIBE TO TORQUE sPHmagazmes
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    • 32 29 KnowOrDon’tKnow? GeneralKnowledge WorldCurrentAffairs LocalCurrentAffairs LocalPolicies Take A Short Quiz One Lucky Player Stands To Win Rise To The Challenge At www.KnowOrDontKnow.sg Participation is free No entry conditions attached Terms and conditions apply
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  • Page 30 Advertisements
    • 1985 30 C a i l a n B r i s b a n e E n n o r e J e d d a h Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o NYK RORO (ASIA) PTE. LTD. n
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    • 244 30 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 298 PRW072 01/11/2016 02/11/2016 Perawang/Perawang DAILY Marco Polo 148 BST320 01/11/2016 02/11/2016 Buatan/Buatan DAILY Marco Polo
      244 words

  • LIFE & CULTURE
    • 618 31  -  WTA Finals debutant Cibulkova wins biggest title of her career, defeating the German 6-3, 6-4 in an absorbing match By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE confetti was pouring overhead and she grasped the gleaming trophy tightly in her hands, but still Dominika Cibulkova
      PHOTO: REUTERS  -  618 words
    • 274 31  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TWENTY-TWO lucky children were given the rare opportunity to walk out with the world’s top tennis stars at the recently concluded BNP Paribas Women’s Tennis Association (WTA) Finals Singapore presented by SC Global tournament. The children
      274 words
    • 640 31 Beijing has ambitions to increase the country’s “soft power”, unleashing a wave of Chinese money into the US film industry AFP Los Angeles TAIWAN-BORN filmmaker Ang Lee predicted on Friday that the Chinese film market was about to explode, not only overtaking
      AFP; PHOTO: REUTERS  -  640 words
  • Page 31 Advertisements
    • 28 31 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
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  • Page 31 Miscellaneous
    • 342 31 CRYPTIC CROSSWORD Across 1 Source established beyond doubt by an English church (10) 6 Keen Conservative coming in to help (4) 9 Soldiers given official recognition something read out (10) 10 Animals celebrated, rolling over (4) 13 Label for killer of pigs? (7) 15 I dare somehow to conceal love
      342 words