The Business Times, 4 November 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 GFriday, November 4, 2016
    22 words
  • Article, Illustration
    171 1 A Trump presidency could hit emerging-market and advanced economies through investments and exchange rates, says the Institute of International Finance. TOP STORIES 2 The government is kicking off an ambitious plan to teach adult trainers to spot skills needed ahead for industry and to impart the skills to
    171 words
  • 843 1  -  S$1.30-a-share offer is one-third above pre-announcement price; 3-in-1 coffee maker may be latest big consumer name to exit S’pore stock market By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THREE-in-one coffee-mix maker Super Group looks set to be the next prominent consumer brand leaving
    843 words
  • 812 1  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) found itself battling turbulence in its second quarter amid headwinds in the form of a sluggish economy, while excess capacity from its rivals put continued pressure on loads and yields. This caused the airline’s
    FILE PHOTO  -  812 words
  • 27 1 Thursday Change STI 2,802.08 -5.06 KL COMP 1,648.08 -11.52 NIKKEI 225 CLOSED HANG SENG 22,683.51 -126.99 SHENZHEN B 1,167.46 +6.90 DOW (11.45 AM EDT) 17,982.69 +23.05
    27 words
  • Page 1 Advertisements
    • 13 1 *****1 *****1 THE BUSINESS TIMES Keeping it grounded and real BT LIFESTYLE 26
      13 words
    • 35 1 KNIGHT FRANK SINGAPORE Executive chairman Tan Tiong Cheng to retire REAL ESTATE 16 HOCK LOCK SIEW Fund platforms give developers flexibility COMPANIES MARKETS 6 DINING OUT Candlenut’s Asian spread with Nonya pedigree bt lifestyle 23
      35 words

  • TOP STORIES
    • 788 2  -  Washington-based body says ripple effect on investments and exchange rates could also affect advanced economies By Anthony Rowley btworld@sph.com.sg Tokyo THE Institute of International Finance (IIF) said on Thursday that a Trump presidency could have a significant spillover impact
      PHOTO: REUTERS  -  788 words
    • 571 2 REUTERS Washington THE Federal Reserve kept interest rates unchanged on Wednesday in its last policy decision before the US election, but signalled that it could hike in December as the economy gathers momentum and inflation picks up. The US central bank
      REUTERS  -  571 words
    • 587 2  -  Defence disputes Samuel Goh’s testimony that the accused instructed him to destroy documents 1MDB-LINKED TRIAL By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE trial of former BSI banker Yeo Jiawei continued on Thursday with the prosecution’s sixth witness, Samuel Goh Sze-Wei a key
      587 words
    • 332 2 READERS’ PROMOTION TO mark The Business Times’ 40th anniversary, readers can take advantage of dining offers at two restaurants The Song of India and Peach Blossoms. Established in 2005, The Song of India was awarded a Michelin star by the Singapore Michelin Guide, which launched its
      332 words
    • 662 4  -  SSG will work with training players and employers to help them better codify, preserve and transfer skills By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE government is kicking off an ambitious plan to equip adult trainers with the ability to spot
      662 words
    • 594 4  -  Securities Commission says it intends to proceed with caution and to build up market trust and confidence By Pauline Ng btworld@sph.com.sg Kuala Lumpur SIX registered peer-to-peer (P2P) financing platform operators in Malaysia have been approved by the Securities Commission (SC),
      594 words
    • 389 4  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore LEARNING and training services provider Lithan invested S$10 million to transform its business from a traditional classroom-training based approach to include an on-demand online platform more suited for the digital age. As part of
      389 words
    • 387 4 LUXURY lifestyle magazine The Peak honoured 10 philanthropists and social entrepreneurs in its 2016 Power List, which was unveiled at an event on Thursday evening. Every year, the annual Peak Power List highlights 10 personalities and this year’s group represents a wide range of
      387 words
    • 750 4 REUTERS Jakarta INDONESIAN President Joko Widodo and his vice-president called for peace as tensions rose on Thursday ahead of a protest planned by hardline Muslim groups against the Jakarta governor, a Christian and the first ethnic Chinese in the
      REUTERS  -  750 words
  • Page 2 Advertisements
    • 122 2 Chen Wen Hsi Nanyang Treasures H A Showcase of Talents Across Three Generations Exhibition Period: 4-11 November 2016 Venue: ION Art Gallery, ION Orchard, Level 4 Chen Wen Hsi Lim Cheng Hoe Lee Man Fong Lim Tze Peng Lim Yew Kuan Choy Weng Yang Tew Nai Tong Goh Beng Kwan
      122 words
    • 29 2 2Owncars? If you're looking for a landed home with a large enough driveway turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
      29 words

  • Page 3 Advertisements
    • 141 3 RANGE ROVER SPORT SVR PERFORMANCE ON ANOTHER LEVEL LAND* *POVEP ABOVE BEYOND N fe> j j 27 *5P o 0 s iv A 4 t The Range Rover Sport SVR is the first creation to emerge from our Special Vehicle Operations unit. And this vehicle is very special indeed. Powered
      141 words


  • Page 5 Advertisements
    • 105 5 X °Ar !v F*l smxo V V REMARKABLE! This watch is a witness to excellence on the golf course. Rolex congratulates Hideki Matsuyama on his thrilling win at the World Golf Championships-HSBC Champions in Shanghai. Finishing an astonishing seven strokes ahead of the field, he is the first Asian player
      105 words

  • COMPANIES & MARKETS
    • 809 6  -  Developers have different motivations for diversifying into fund management, often using them to meet company-specific agenda HOCK LOCK SIEW BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT SINGAPORE property developers are building up fund platforms adjacent to their primary development business though not in the traditional way that
      Source: Preqin  -  809 words
    • 293 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore NEW Toyo International Holdings and its Malaysia listed subsidiary, Tien Wah Press Holdings, are acquiring PT Bintang Pesona Jagat (BPJ) for 304 billion rupiah (S$32.3 million). BPJ currently engages in the activity of printing and supplying of
      293 words
    • 840 7  -  It is planning a preferential offering to raise up to S$140m to help it ride out contraction in oil and gas sector By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore KEPPEL Corp is in talks to support KrisEnergy in its proposed
      840 words
    • 474 7 BLOOMBERG Singapore NOBLE Group Ltd executives have mapped out a road to recovery for the battered commodity trader as shareholders voted to approve the sale of a US energy unit to raise funds, with chairman Richard Elman describing the
      BLOOMBERG  -  474 words
    • 223 7  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHARES in HC Surgical Specialists (HCSS) surged as the medical services group made its trading debut on the Catalist board on Thursday. It eventually closed the day at 55 cents, roughly double the offer price of 27 cents.
      223 words
    • 512 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE strategy of focusing on boosting its profit margins and cutting back on its bid to lure high-rollers has paid off for Genting Singapore, the casino operator said as it recorded a surge in third-quarter
      512 words
    • 406 7  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS it continues to build its projects in the Middle East and Singapore, water treatment firm Hyflux posted a net profit of S$ 21.5 million for its third quarter ended Sept 30, 2016, more than
      406 words
    • Article, Illustration
      64 8 STI Catalist Straits Times Index NOV 3,2016 2,802.08 -5.06 (-0.18%) Current streak 5 days Day high 2,807.61 Day low 2,789.56 52-week high 3,040.48 (Nov 4, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index NOV 3, 2016 462.16 +6.20 (+1.36%) Current streak 1 day Day high 462.31 Day
      64 words
    • 633 8  -  A Trump presidency seen negatively impacting Asian markets in the short term STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE listing of HC Surgical Specialists, the privatisation of Super Group and the possible takeover of Global Logistic Properties (GLP) helped boost trading
      Source: Bloomberg  -  633 words
    • 305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 -6 236/231 257 209 6.6 6498.7 CapitaCom Trust 157 -1 157.5/155.5 164 127 5.5 4652.7 CapitaLand 308 -1 311/306 340 280 12.3 2.9 *****.7 CapitaMall Trust 202 -3 205/201 225 185
      305 words
    • 38 8 VOLUME Equation W*****2 388,015,800 Noble 241,137,300 SunMoon Food 89,535,400 Global Logistic 79,858,200 China Med Intl 69,432,600 Market volume 2,412,412,000 VALUE Global Logistic 162,640,607 Singtel 65,375,142 Super Group 53,202,113 DBS Grp 45,802,680 Noble 40,834,253 Market value 1,063,510,000
      38 words
    • 106 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 285 478 285/284 309/254 285/286 DBXT MSRussia US$ US208 -4 160 209/208 219/129 209/210 IS MS INDIA US$ US714 -3 118 717/710 772/441 714/717 89.3 Nikko AM STI ETF 290 -1 46 291/290 314/259
      106 words
    • 77 8 Nov 3 VALUE CLOSE BT OB/OS -295.00 +6.00 BT CADI -*****.00 +27.00 BT 10-day MA -*****.00 -29.00 FTSE ST Mid Cap 685.84 +0.67 FTSE ST Small Cap 386.52 +3.44 FTSE ST All Share 693.35 -0.69 FTSE ST China Top 158.02 +1.45 FTSE ST China 196.63 +2.44 FTSE
      77 words
    • 73 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 44.3 0.3 *****/***** DBXT S&PShort US$ 1999 42.9 1.6 2362/1930 Super Group 126 29.0 29.9 126/68 China Flexpack 90 24.0 36.4 122/36 Combine Will 65 15.0 30.0 97.5/30 BY PERCENTAGE CLOSE UP 52w high/low Next-Gen Sat 0.3 200.0 0.2 0.5/0.1
      73 words
    • 77 8 BY CENTS CLOSE DOWN 52w high/low SPDR DJIA US$ ***** -446.8 -1.8 *****/***** DBXT Nifty US$ ***** -261.5 -1.4 *****/***** SPDR S&P500 US$ ***** -106.5 -0.4 *****/***** JMH USD 5975 -102.4 -1.2 6371/4500 DBXT Vietnam US$ 2332 -51.2 -1.6 2533/2017 BY PERCENTAGE CLOSE DOWN 52w high/low Samko Timber 4
      77 words
    • 36 8 STI FTSE ST All-Share FTSE ST All-Share index NOV 3, 2016 693.35 -0.69 (-0.10%) Current streak 5 days Day high 694.06 Day low 690.57 52-week high 735.69 (NOV 4, 2015) 52-week low 625.37 (Jan 21, 2016)
      36 words
    • 33 8 STI MSCI EAFE MSCI EAFE Index NOV 2,2016 1,655.89 -9.42 (-0.57%) Current streak 2 days Day high 1,669.07 Day low 1,651.76 52-week high 1,761.35 (NOV 4, 2015) 52-week low 1,492.43 (Feb 12, 2016)
      33 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 5 7 0 0 1 1 5 8 Manufacturing 50 26 31 10 6 14 60 32 45 Commerce 17 19 7 5 2 2 22 21 9 Tpt/Stor/Comms 13 11 3
      186 words
    • 125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,122 13 11,135 36,727 2 36,729 Manufacturing 156,413 114,824 271,237 136,083 2,714 138,797 Commerce 411,689 93,175 504,864 104,542 1,273 105,815 Tpt/Stor/Comms 97,715 75 97,790 165,835 7 165,842 Finance 15,055 974 16,029 114,721 149 114,870 Construction
      125 words
    • 86 8 VOL CLOSE($) CHANGE Next-Gen Sat 30,752.4 0.003 +0.002 +200.00 Samko Timber 301.0 0.040 -0.037 -48.05 Full Apex 11.0 0.260 +0.060 +30.00 Vashion 11,277.9 0.010 +0.002 +25.00 Super Group 42,818.7 1.260 +0.290 +29.90 Combine Will 5.1 0.650 +0.150 +30.00 Chemical Ind 192.4 0.815 +0.095 +13.19 Hu An Cable 10,776.8
      86 words
    • BROKERS’ TAKE
      • 90 8 BreadTalk Group Sell (under review) Nov 3 close: S$1.00 Target price: S$0.99 OCBC Investment Research, Nov 3 BreadTalk Group’s Q3 2016 results came in within our expectations. Against a set of mixed performance across segments, notably on an overall basis, the group’s Q3 2016 results showed improvements in margins suggesting
        90 words
      • 113 8 SIA Engineering Hold (downgrade) Nov 3 close: S$3.66 Target price: S$3.77 CIMB Research, Nov 2 Management clarified at the briefing that the cut in interim dividend is a reflection of weaker year-on-year profit, isolating the divestment gain. We still hope for special dividend. The company is in a catch-22 situation.
        113 words
      • 198 8  - StarHub Fully valued Compiled by Cai Haoxiang Nov 3 close: S$3.27 Target price: S$2.80 DBS Group Research, Nov 3 Q3 2016 net profit of S$86 million was lower than our S$90-95 million expectations. Lower revenues from mobile and pay TV, coupled with reductions in adoption grants, resulted in a weaker
        198 words
    • 8 8 DATA I Nov 4 US Unemployment Rate
      8 words
    • 453 9 CURRENCIES REUTERS London POLITICS dominated currency markets on Thursday as US election worries kept the US dollar weak against the yen while sterling rose more than one per cent after a UK court ruled that parliament would have to approve the start of Brexit
      REUTERS  -  453 words
    • FOREX RATES
      • Article, Illustration
        2 9
        2 words
      • 471 9 Nov 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.026 5.185 0.690 5.949 51.151 100.119 0.787 8.751 3.207 1.050 80.375 37.087 1.061 10.366 0.745 24.157 26.805 0.621 0.767 Canada 0.975 5.055
        471 words
      • 2 9
        2 words
      • Article, Illustration
        2 9
        2 words
      • Article, Illustration
        1 9
        1 words
      • 155 9 NOV 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0608 1.0616 0.7668 0.7673 Canadian dollar 1.0344 1.0349 0.7480 0.7477 Euro 1.5378 1.5383 1.1116 1.1118 NZ dollar 1.0106 1.0111 0.7305 0.7308 Sterling pound 1.7079 1.7089 1.2346 1.2351
        155 words
      • 22 9 NOV 3 S$ Bid Offer 1-month 1.3830 1.3833 2-months 1.3828 1.3832 3-months 1.3825 1.3829 6-months 1.3816 1.3823 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 210 9 Most active Nov 3 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.3 unch *****5 1 1 30 3.33 9 FTSEChinaA50 ***** MBeCW*****9 8.5 0.7 4129 0.0 1 FTSEChinaA50 9500 MBePW*****9 8.7 -0.9 3954 0.0 1
        210 words
      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Nov 2 Index Change Change Change Change Change Change World Preliminary 1279.6 -0.7 0.1 -0.9 -1.7 -0.4 0.8 EAFE Preliminary 964.1 -1.3 -4.9 -1.0 -6.0 -0.6 -3.5 Europe Preliminary 1371.8 -1.2 -2.9
        377 words
      • 384 9 Nov 3 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov16 9840.00 9997.50 9830.00 9927.50 *****1 *****3 Dec16 9852.50 *****.00 9847.50 9950.00 1404 4713 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar17 *****.00 *****.00 *****.00 *****.00 6 4619 MSCI TAIWAN
        384 words
    • AGRI METALS ENERGY
      • 250 9 NOV-2 Price Net change change Last Trade Agricultural Nov-2 CBOT Soybeans (US cents/bu) 976.75 -7.50 -0.76% 14/11/2016 CBOT Soybean Oil (US cents/lb) 34.98 0.13 0.37% 14/12/2016 CBOT Wheat (US cents/bu) 417.75 3.50 0.84% 14/12/2016 Nov-2 LIFFE Cocoa (£/tonne) 2226.00 -3.00 -0.13% 13/12/2016 LIFFE Coffee (US$/tonne) 2214.00 8.00 0.36%
        250 words
    • BANK RATES
      • 154 9 Nov 3 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.01 US$ 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
        154 words
      • 69 9 Nov 3 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 0.00 0.00 5-Year N*****0Z 1.250 01-Oct-21 99.75 99.90 99.75 10-Year NX*****F 2.125 01-Jun-26 101.82 102.15 102.00 15-Year NZ*****F 2.875 01-Sep-30 107.6 107.80 107.60 20-Year NZ*****X 2.250 01-Aug-36 98.81
        69 words
    • 1806 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 127 AIMSAMP Cap Reit 137cd -1 415 138 137 0.9 8.3 873.1 C'vr 149.5 101 ARA Asset Mgmt 149.5 +8.5 1426
      1,806 words
    • 312 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 0.5 0.1 t Advanced Systems 0.2 unch 214 0.4 0.2 5.3 46.5 29.5 t Advancer Global 36 -0.5 135 36 35.5 14.3 62.3 LOW 16.2
      312 words
    • 126 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3066 -8 4 3066 3060 8.4 422 190 DBXT MSBrazil US$ US397 -4 14 397 397 1388 995 DBXT MSCHINA US$ US1295
      126 words
  • Page 6 Advertisements
    • 42 6 Everyone deserves a great Weekend In celebration of The Business Times' 40th Anniversary, readers can enjoy discounts on dining deals at selected exquisite restaurants this November! Purchase a copy of The Business Times Weekend on 5 November 2016 to find out more!
      42 words

  • Page 7 Advertisements
    • 122 7 The inaugural Singapore FinTech Festival will bring together leaders from the global financial community and key players in the FinTech ecosystem to explore cutting-edge innovations that are transforming financial services. Comprising a series of exciting events spanning one full week, the specially curated conferences and networking platforms will offer a
      122 words



  • Page 10 Advertisements
    • 71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
      71 words

  • BANKING & FINANCE
    • 621 11 Bank posts its weakest profit in five years and warns that a soft jobs market could crimp growth REUTERS Sydney AUSTRALIA and New Zealand Banking Group (ANZ) on Thursday said it will sell its Australian insurance and wealth division to raise cash,
      REUTERS  -  621 words
    • 420 11 BLOOMBERG Hong Kong CHINA is extending its dominance of the global market for green bonds, just as the Paris Agreement on climate change takes effect this week. The world’s most-populous nation accounted for US$21.9 billion of the US$61.1 billion in global green bond
      BLOOMBERG  -  420 words
    • 186 11 BLOOMBERG Beijing CHINA’S regulators are studying measures to limit transactions that use bitcoins to take funds out of the country, according to people familiar with the matter. Officials are considering policies including restricting domestic bitcoin exchanges from moving the cryptocurrency to platforms
      BLOOMBERG  -  186 words
  • Page 11 Advertisements
    • 662 11 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KENKO.COM SINGAPORE PTE. LTD. REG. NO. *****6465R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 31 October 2016, the following Resolutions were passed: It
      662 words
    • 660 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SPINNAKER CAPITAL (ASIA) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****0785E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 8 Cross Street #17-00 PWC Building, Singapore *****4 on the
      660 words
    • 1542 11 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 IN
      1,542 words
    • 1450 11 LIFEBRANDZ LTD (Incorporated in the Republic of Singapore) (Company Registration Number: *****1348E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of LIFEBRANDZ LTD will be held at 2 Bukit Merah Central (formerly known as "Spring Singapore"), Podium Block, Level 3, Room P303, Singapore *****5
      1,450 words

  • ENERGY & COMMODITIES
    • 560 12  -  It says it’s launching the new service from here to allow the group to be closer to customers in India, Asia-Pacific By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore DE BEERS, the world’s leading diamond company, is testing a new service of
      560 words
    • 307 12 BLOOMBERG Mumbai GLOBAL oil majors BP plc and Rosneft PJSC are eyeing a piece of India’s US$ 117 billion retail market for fossil fuels, threatening to shake up govern-ment-owned companies that have faced little competition for a decade. BP has already secured
      BLOOMBERG  -  307 words
  • Page 12 Advertisements
    • 246 12 2017: November 29, 2016 8am to 2pm The Ritz-Carlton, Grand Ballroom KEYNOTE SPEAKER Dr Vivian Balakrishnan Minister for Foreign Affairs PANELLISTS Professor Wang Gungwu Chairman, Iseas Yusof Ishak Institute, East Asian Institute and Lee Kuan Yew School of Public Policy (NUS) and Professor NUS Professor Subrata K. Mitra Director, Institute
      246 words

  • TECHNOLOGY
  • Page 13 Advertisements
    • 438 13 In the matter of the Companies Act, Cap. 50 And In the Matter of Eastral Development Investment Pte Ltd (Registration No.: *****1760C) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act (Cap. 50), that a meeting of the creditors of the abovenamed
      438 words
    • 396 13 In the matter of the Companies Act, Cap. 50 And In the Matter of Creative Cuisine Pte Ltd (In Members’ Voluntary Liquidation) (Registration No. *****0084N) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the members
      396 words
    • 955 13 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g IN
      955 words
    • 273 13 Form 69(3) NOTICE OF INTENDED DIVIDEND TO UNSECURED CREDITORS Name of Company Belgasia Singapore Pte. Ltd. (In Creditors’ Voluntary Liquidation) Singapore UEN No. *****3398E Address of Former Registered Office 111 Somerset Road, #01 -11 TripleOne Somerset, Singapore *****4 Last Day of Receiving Proofs 21 November 2016 Name of Liquidator(s) Farooq
      273 words

  • CONSUMER
    • 309 14 Media buyers can buy timeslots in Singapore, Malaysia, the Philippines, Indonesia and Thailand Singapore MOVING Audiences, a unified online platform for the Digital Out-of-Home (DOOH) sector, was launched on Thursday, giving access to DOOH billboards across borders. The platform allows
      309 words
    • 585 14 Casino’s new US$4.4b resort, impeded by nearby construction, fails to lift betting revenue BLOOMBERG Los Angeles THE Macau unit of Wynn Resorts Ltd, the casino company founded by billionaire Steve Wynn, posted thirdquarter profit that missed analysts’ estimates as its new US$4.4 billion project
      BLOOMBERG  -  585 words
    • 408 14 REUTERS London WEARABLE fitness device maker Fitbit Inc’s revenue forecast for the key-holiday shopping quarter fell well short of analysts’ estimates, hurt by soft demand and battery issues with one of its new wristbands. Shares of the company, which also reported lower-than-expected quarterly
      REUTERS; PHOTO: AFP  -  408 words
  • Page 14 Advertisements
    • 1310 14 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 OCEAN
      1,310 words
    • 688 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MEDO INVESTMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5859N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of MEDO INVESTMENT PTE. LTD. deemed to have been duly convened and held
      688 words
    • 969 14 NATURAL COOL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****9967G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the extraordinary general meeting (“EGM”) of Natural Cool Holdings Limited (the “Company”) will be held on 12 December 2016 at 2:00 p.m. at 29 Tai Seng
      969 words

  • GOVERNMENT & ECONOMY
    • 642 15 UK central bank ramps up its forecasts for growth and inflation in 2017 REUTERS London THE Bank of England scrapped plans to cut interest rates and said they could move in either direction as it ramped up its forecasts for
      REUTERS  -  642 words
    • 639 15 AFP London THE High Court in London ruled on Thursday that the British government alone cannot start the process of leaving the European Union but requires the approval of parliament, in a landmark judgment that could delay Brexit. Three senior judges
      AFP; PHOTO: BLOOMBERG  -  639 words
    • 719 15 Meanwhile, state enterprises spared the rigour of reform drag on growth BLOOMBERG Beijing CHINA’S private manufacturers, scorched for years by surging wages and anaemic foreign demand, are reinventing themselves. In coastal Zhejiang province’s Anji county, which produces 70 million chairs annually, chair maker
      BLOOMBERG  -  719 words
    • 494 15  -  By Anthony Rowley btworld@sph.com.sg Tokyo PHILIPPINE President Rodrigo Duterte has not “set aside” the ruling by the Permanent Court of Arbitration in The Hague that China does not have sovereign rights over the Scarborough shoal in the South China
      494 words
  • Page 15 Advertisements
    • 848 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RESORTS WORLD MARKETING PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****4962K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of RESORTS WORLD MARKETING PTE. LTD. deemed to have been duly convened
      848 words

  • REAL ESTATE
    • 976 16  -  However, he will take up new role as president, Asia Pacific, and also advise the property consulting group on Singapore operations By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore TAN Tiong Cheng will step down as executive chairman of Knight Frank Singapore on March
      976 words
    • 585 16  -  Property players see strong developer interest given the Reserve List plot’s location and palatable size By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A LAND parcel in Margaret Drive that is big enough for 275 homes has been triggered for sale
      BT Graphic  -  585 words
    • 330 16  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore HDB resale prices dipped 0.1 per cent in October compared to September, the SRX Property Price Index for HDB Resale released on Thursday showed. But for the most part, the index has been fairly flat for a
      330 words
  • Page 16 Advertisements
    • 95 16 sen SINGAPORE PRE i* I MEDIA CENTRE; GENTING LANE B1 INDUSTRIAL SPACE FOR RENT Fully fitted air-cond industrial office with carpet Area from 700 sq ft to 7,653 sq ft Interested, please call Shawn at 9694 5349 SJL'l Print Centre r 1 a -k ,<7 a 1 INDUSTRIAL/WAREHOUSE SPACE FOR
      95 words
    • 21 16 bad sg ip m St —PtBU Nothing Makes Him Happier Than a Word of "Gamsia" 7 i bit.ly/zb_gamsia365a Chinese Language Content
      21 words
    • 140 16 THE NEXT INVESTMENT FRONTIER VERTICAL MUD CRAB FARM PROJECT Gu.'.i m i *m BO Complimentary Seafood vouchers for 1 st 20 Registrants ONLY *T&C apply INVESTMENT OBJECTIVE •Opportunities available for Investment in the Aquaculture Industry •To seek high absolute returns Returns of 8% to 24% p.a. Profits Sharing of 40%
      140 words

  • Page 17 Advertisements
    • 324 17 D04 HOUSE FOR SALE SENTOSA COVE 2~6pm: Sea view Sentosa 1) Land 7300 sqft 4+1 Luxurious 2) Land 7850 sqft 5+1 Beautiful. Lionel *****591 *****062 D10 HOUSE FOR SALE BUKIT TUNGGAL Open House Sat Sun 3-6pm: *****/***** sf Bukit Tunggal 2½ sty GCB 6+1. Lift. Rebuilt 2010. Quality finishes. 30
      324 words
    • 759 17 OPEN HOUSE (Fri-Sun) 12-6pm 6 Oriole Crescent Modern B&W Bungalow ***** ***** sft 5+1+ large Attic Price nego BRAND NEW Call Developer sales team Mr Yang 9119 1092 LeePing 8671 3531 D08 SHOP FOR SALE SHOPHOUSES Super Cheap Side-By-Side Freehold Shophouses. Near Town and MRT. Re-development and Gain Potential!! Facing
      759 words

  • TRANSPORT
    • 463 18 The joint venture, to be set up in Shanghai this year, will develop a 280-seat wide-body plane AFP Shanghai CHINA and Russia will invest up to US$20 billion to develop a long-haul wide-bodied jet, reports on Thursday and a company statement
      AFP; PHOTO: REUTERS  -  463 words
    • 452 18 BLOOMBERG Copenhagen THE chief executive officer of the world’s largest container line says he’s willing to lose money in the short term in exchange for longer-term market dominance. Maersk Line’s decision to go for market share in an unprofitable third quarter might
      BLOOMBERG  -  452 words
    • 302 18 AFP Frankfurt GERMANY, Europe’s biggest car market, saw a sharp dip in sales in October after two months of strong growth, official data showed on Wednesday, although the industry shrugged off the slide as calendar effects. A 5.6-per cent fall in registrations compared
      AFP  -  302 words
  • Page 18 Advertisements
    • 298 18 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
      298 words

  • Page 19 Advertisements
    • 1996 19 S-*- THE BUSINESS TIMES SHIPPING TIMES C a i l a n B r i s b a n e E n n o r e J e d d a h Shanghai Chittagong ~Ho Chi Minh H o n g J e b e l A i K o
      1,996 words
    • 245 19 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 152 BST034 05/11/2016 06/11/2016 Buatan/Buatan DAILY Marco Polo 122 PRW010 05/11/2016 06/11/2016 Perawang/Perawang DAILY Marco Polo
      245 words

  • OPINION
    • 579 20 EDITORIAL IN September last year, China’s ambassador to Malaysia found himself in a delicate spot over his remarks that his country rejects any form of extremism and racism ahead of a mostly Malay “red shirt” rally in Kuala Lumpur’s Chinatown
      579 words
    • 1237 20  -  Singapore, a premier financial hub, has to reinforce its firewall against money laundering and terrorist financing by building a risk awareness and compliance culture. BY LEM CHIN KOK BY LEM CHIN KOK T The writer is head of forensic at KPMG in Singapore.
      PHOTO: AFP  -  1,237 words
    • 861 20  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington TO understand this nasty and nutty US presidential campaign, you have to go back to 1973, which is before roughly 60 per cent of today’s Americans were alive. The
      THE WASHINGTON POST WRITERS GROUP  -  861 words
    • 876 21  -  COMMENTARY By J J Bradford DeLong TThe writer is a former deputy assistant US treasury secretary, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. Berkeley BLACKSTONE
      876 words
    • 738 21  -  COMMENTARY By Nick Cunningham OILPRICE.COM A TECHNICAL meeting that was supposed to iron out some wrinkles for a deal to cut oil production ended in acrimony over the weekend, and Opec’s (Organization of the Petroleum Exporting Countries) effort at coordination
      OILPRICE.COM  -  738 words
    • 1155 21  -  America’s continuing use of “muppet diplomacy” shows that it plays an effective role in resolving conflict and fighting discrimination against women. BY HARISH MEHTA BY HARISH MEHTA TThe writer, a former BT Indochina correspondent, has taught the history of American foreign relations
      FILE PHOTO  -  1,155 words
  • Page 20 Miscellaneous
    • 134 20 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


  • DESIGN/FOOD
    • Interiors that wow
      • 297 22 The Co. Duxton by Formwerkz Architects 99 Duxton Road CO-WORKING spaces are now so stylish it’s a wonder why anyone would still want a conventional office. The Co ’s new branch, at Duxton Road, is a two-storey shophouse space for entrepreneurs, expats and businesses in the creative
        297 words
      • Article, Illustration
        347 22 taysc@sph.com.sg @TaySuanChiangBT Aura by jpa Design National Gallery Singapore, #05-03 IT is hard to decide what people love most about Aura the food, the decor or the view. It is most likely a combination of all three. Located on the uppermost levels of the National Gallery’s City
        347 words
      • 415 22  -  By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT COLD crab, pig trotter jelly, and hei chor or prawn rolls now you can have these iconic Teochew delicacies while up in the air onboard selected Singapore Airlines (SIA) flights. The airline is offering Teochew cuisine, on top of
        415 words
      • Article, Illustration
        285 22  -  A cinema for kids and a modern laminates showroom are just two of the 118 projects that impressed the judges at this year’s Design Excellence Awards. BY TAY SUAN CHIANG BY TAY SUAN CHIANG Cinemaxx Junior by dp Design Cinemaxx Maxxbox Lippo village, Tangerang, near Jakarta THIS
        285 words
      • 256 22 EDL Division by Formwerkz Architects 43 Sungei Kadut Street 1 IF you have recently renovated your home, you may have gone hunting for the right colour and texture of laminates to use. Most laminates tend to be displayed in a rather boring way, as small samples hanging
        256 words

  • DINING OUT/WINE
    • 1190 23  -  Peranakan-trained Malcolm Lee, a one-Michelin starred chef, embraces a larger Asian menu at Candlenut at COMO Dempsey. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Candlenut Block 17A Dempsey Road Tel: 1800 3042 288 Open for lunch and dinner daily: 12pm to 2.30pm
      PHOTOS: JAIME EE; PHOTO: CANDLENUT  -  1,190 words
    • 847 23  -  By NK Yong TALKING of Burgundy again, there is a marked preference for the production from growers (for example, Domaine Dujac) over that of negociants (Maisons, for example, Maison Joseph Drouhin). Negociant wines are those made from purchased fruit, instead of fruit grown in
      PHOTO: NK YONG  -  847 words
    • 411 23  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT STUFFING your suitcase with cartons of Nespresso from overseas is a thing of the past, now that prices of the brand’s Grand Cru coffees have been reduced by about 20 to 30 per cent in Singapore. The Kazaar and Dharkan
      411 words

  • REVIEWS/ENTERTAINMENT
    • 666 24  -  Paul Roberts, ex-frontman of The Stranglers, honours David Bowie with a show full of the latter’s classic rock tunes and more. BY DYLAN TAN BY DYLAN TAN PAUL Roberts might be better known as the ex-front-man of British punk legends The Stranglers but
      PHOTOS: BRITISH THEATRE PLAYHOUSE  -  666 words
    • 619 24  -  By dylantan@sph.com.sg Dylan Tan dylantan@sph.com.sg @DylanTanSYBT DON’T wait too long to decide whether or not to catch Sam Loh’s Siew Lup at the upcoming Singapore International Film Festival (SGIFF) because it might be the only time the erotic thriller will be screened uncut.
      PHOTOS: 27TH SGIFF  -  619 words
    • 581 24  -  By Geoffrey Eu ON Aug 15, 1965, a few days after a certain little island in South-east Asia gained independence, a similarly historic event (one that surely attracted more media attention) took place on the other side of the world at a
      581 words
    • 504 24  -  By Geoffrey Eu THE old expression “you can’t make this stuff up” is a fitting description f or M as t erm i n d s based-on-a-true-story comedy about a based-on-a-true-story comedy about trailer-trash rednecks who steal US$17 million from a cash-handling facility in
      504 words

  • ARTS
    • 708 25  -  So says Sean Tobin, festival director of M1 Singapore Fringe Fest. With a theme of “Art Skin”, the event boasts its most provocative programme yet. BY HELM I YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT T For more details, go to singaporefringe.com. Tickets
      PHOTOS: COURTESY OF M1 FRINGE FEST  -  708 words
    • 259 25  -  By Helmi Yusof Naked Ladies Jan 7-8 Jan, Centre 42 Why has the female body been at the centre of so much admiration and controversy? Performance artist Thea Fitz-James engages in storytelling and striptease to narrate the history of the female body
      259 words
    • 508 25  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT NOW in its third edition, the biennial Happy Ever Laughter showcase of local stand-up comedy has put paid to any doubt that Singaporeans can be funny. From now till Sunday night, 11 local comedians are motor-mouthing their way through
      508 words
    • 529 25  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT THE protagonist of The Necessary Stage’s new one-man show Best Of (His Story) is not the kind of man most women would contemplate marrying. Played by Sani Hussin, he is simple, insecure, narrow-minded, unambitious and borderline misogynistic. He never talks
      PHOTO: CRISPIAN CHAN  -  529 words
  • Page 25 Miscellaneous
    • 333 25 CRYPTIC CROSSWORD Across 1 Undercover family needs it to change (11) 9 Lawyer meeting patient, maybe a carrier (9) 10 Material convinced on the radio (5) 11 Perjurer ringing once, oddly not involved in a row (6) 12 Good! Fish, fish and fish (8) 13 Newspaper article about length for
      333 words

  • Lifestyle
    • KEEPING IT GROUNDED AND REAL
      • 610 26  -  Singapore Writers Festival 2016 the 19th edition sees a significant representation of journalists whose works deal with the year’s hottest and most pressing topics. BT Lifestyle finds out how these authors and their books, both fiction and non-fiction, are influencing the literary landscape. BY
        610 words
      • 538 26 NISID HAJARI SWF Panel: India Unbound, Nov 5 SWF Panel: Americans in the Pacific, Nov 6 SWF Panel: The world in the Age of Digital Journalism, Nov 12 JOURNALIST Nisid Hajari might not have been reporting daily from the frontlines of the war in
        538 words
      • 417 26 LIONEL SHRIVER SWF Masterclass: Melding Fact and Fiction, Nov 12 SWF Panel: An Unflinching Eye Into Truth, Nov 13 IN Lionel Shriver’s latest and 12 th novel, The Mandibles: A Family, 2029-2047, there are no more publishing companies and no more newspapers. “Of those two
        417 words
      • 503 26 uihoon@sph.com.sg T The Singapore Writers Festival (SWF), on Nov 4-13, is centred on the theme “Sayang” a Malay term of endearment and will feature over 300 international writers as well as writers from Singapore. Festival details and tickets at: https://www.singaporewritersfestival.com/ ATIAABAWI SWF Classroom Series: Europe’s
        503 words
  • Page 26 Advertisements