The Business Times, 24 November 2016

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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, November 24, 2016
    22 words
  • Article
    Lock icon MARKETS
    25 1 Wednesday Change STI 2,839.69 +17.49 KL Comp 1,630.38 +1.06 Nikkei 225 CLOSED Hang Seng 22,676.69 -1.38 Shenzhen B 1,156.79 +1.02 Dow(9.30am EST) 19,015.38 -8.49
    25 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    222 1 Singapore continues to offer united Technologies Corp opportunities for growth across both its aerospace and building systems businesses, says its CEO. top stories 5 MoneyMax Financial Services’ first expansion into China is a small step by many measures, but it reflects big ambitions for the pawnbroker, according to
    222 words
  • Article
    Lock icon Poison pen letters can doom IPOs but Singapore’s record is sparse
    1008 1  -  Only 5 iPO-aspirants have been sunk in the 14 years since the adoption of a public-scrutiny process in the local framework By Kenneth Iim kenlim@sph.com.sg @KennethLimBT Singapore THE mighty pen is rarely deadlier than in an initial public offering
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  • Article
    Lock icon Malacca eyes slice of oil traffic sailing on to Singapore
    639 1 REUTERS Kuala Lumpur ONCE at the heart of the global spice trade, Malacca is pumping nearly US$3 billion into an ambitious plan to put itself in demand in a different hot commodity oil. The Malaysian state is reclaiming land along
    REUTERS  -  639 words
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      Lock icon Page 1 Advertisements Column 1
      176 1 *****1 *****1 THE BUSINESS TIMES The L.U.C Collection Each part is a masterpiece This less than 13 mm winding lever and its invertor are the key to the micro-rotor automatic winding system featured in the L.U.C XPS. They take their cue from a threesided cam to wind the twin barrels
      176 words
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      20 1 FINANCIAL GLOBALISATION Singapore’s pragmatic and opportunistic approach opinion 22 HOCK LOCK SIEW Lessons from Rickmers for KrisEnergy companies markets 6
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      14 1 VENTURE CAPITAL Chinese billionaire invests S$5m in Singapore’s Tembusu ICT fund TOP STORIES 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon October prices firmer, but still worrisome
      193 2  -  CHANGES in Singapore’s consumer prices in October seemed to be on the uptick from a month ago, but economists still say it’s not enough. Supported by a smaller decline in prices of oil-related items, the headline inflation rate dipped 0.1% from September’s 0.2% fall,
      Source: Department of Statistics; BT Data is a new series tracking Singapore’s economic indicators  -  193 words
    • Article, Illustration
      Lock icon Chinese tech billionaire invests S$5m in Singapore VC fund
      709 2  -  Tembusu ICT Fund I is said to be the only one here investing solely in software startups By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CHINESE tech billionaire Pang Shengdong is investing S$ 5 million in Singapore’s Tembusu ICT Fund I a S$70
      709 words
    • Article, Illustration
      Lock icon Video series on Instagram-worthy S’pore spots to air online
      781 2  -  By Natalie Koh natksl@sph.com.sg @NatalieKohBT Singapore AS any avid social media buff would know, Singapore has no lack of “Ins-tagram-able” spots. And behind each spot that appears on the online photo and video-sharing Instagram platform is a slice of Singapore history
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    • Article
      Lock icon COEs soften in weak passenger car market
      390 2  -  By Samuel Ee samuelee@sph.com.sg Singapore PREMIUMS for passenger car certificates of entitlement (COEs) softened as demand continues to be weak, some motor distributors have said. Category A, for cars below 1,600cc or 130 hp, slipped S$ 1,717 to S$50,951. The premium for Cat
      390 words
    • Article
      Lock icon Changes in tech, stakeholder expectations pressure local CFOs: EY
      617 4  -  CFOs also have to be adept in grappling with the different rules and reporting expectations across jurisdictions By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE grass is perhaps not that green on the side of the chief financial officers (CFOs) in Singapore,
      617 words
    • Article, Illustration
      Lock icon Question of Iran, Iraq production cuts deferred to ministers: delegates
      691 4 OPEC BLOOMBERG London OPEC (Organization of the Petroleum Exporting Countries) talks in Vienna on Tuesday didn’t resolve whether Iraq and Iran will join any production cuts, instead deferring the crucial matter to ministers who will meet on Nov 30, said
      BLOOMBERG; PHOTO: REUTERS  -  691 words
    • Article, Illustration
      Lock icon Asean insurance growing, and shows potential: report
      411 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE region’s insurance industry has high stability and can play an essential role in supporting and sustaining Asean’s economic growth, data from the 2016 Asean Insurance Statistical Report indicates. Total gross written premiums recorded in Asean rose
      Source: Asean Insurance Council  -  411 words
    • Article
      Lock icon Saudi sway in Opec getting curbed by resurgent Iraq and Iran
      696 4 BLOOMBERG Dubai SAUDI Arabia’s dominance of Opec isn’t what it once was. Iraq and Iran, shaking off shackles of sanctions and war, have raised oil output to record highs and are asserting themselves within the Organization of the Petroleum
      BLOOMBERG  -  696 words
    • Article, Illustration
      Lock icon United Technologies powering ahead in Singapore
      1373 5  -  2016 revenue from Singapore unit hits US$2 billion, with aircraft-engine maker Pratt Whitney as the biggest contributor By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE continues to offer United Technologies Corp (UTC) opportunities for growth across both its aerospace and building systems businesses, including in
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      48 3 Discover the best of the best from Southeast Asia’s largest collection of luxury watch and jewellery brands. Own Excellence Find the perfect gift at The Shoppes and enjoy a personal shopping experience when you spend $2,000 from 9 Nov to 26 Dec. #TheShoppesMBS Terms and Conditions apply. MarinaBaySands.com/shopping
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      39 5 m 1 r 1841 L J 1840 1850 J. SAFRA SARASIN Sustainable Swiss Private Banking since 1841 L J 1 j 11 two 1 1910 1920 1930 1940 1900 1950 m m 2000 Celebrating Private Banking for 175 YEARS
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  • COMPANIES & MARKETS
    • Article
      Lock icon Lessons from Rickmers for KrisEnergy
      859 6  -  HOCK LOCK SIEW BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT AS IT contemplates its response to demands by its noteholders for fairer terms, KrisEnergy would do well to heed the lessons from the current state Rickmers Maritime has found itself in: namely, that there is a price
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    • Article
      Lock icon BlackRock optimistic on Asia in 2017
      508 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore ASSET management giant BlackRock is optimistic about the year ahead, despite risks coming from a strengthening US dollar and heightened political risk in the US and Europe. In Asia’s favour are relatively lower valuations since the US election,
      508 words
    • Article
      Lock icon Bond market’s post-Trump volatility means more pain for utility stocks: BofA
      407 6 BLOOMBERG New York VOLATILITY in the bond market may push utility valuations back towards the levels of 2015, a recipe for pain in a group where a second half selloff has been exacerbated by the election of Donald Trump.
      BLOOMBERG  -  407 words
    • Article
      Lock icon HK regulator launches consultation on tighter asset management rules
      148 6 REUTERS Hong Kong HONG Kong’s securities regulator on Wednesday launched a consultation on tighter regulations for the asset management industry in the Asian financial hub, moving to step up investor protections and market integrity. The consultation followed a review of major
      REUTERS  -  148 words
    • Article
      Lock icon Meinhardt, Siemens sign MOU on technology collaboration
      276 6  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE-headquartered engineering firm Meinhardt Group International inked a collaboration with the Singapore arm of engineering giant Siemens to partner in smart city technologies. The memorandum of understanding was signed by Meinhardt group CEO Omar Shahzad and Siemens
      276 words
    • Article, Illustration
      Lock icon Pawnbroker MoneyMax dreams big on China
      860 8  -  CEO aims high after taking first ‘small step’ with a 12.5% stake in a new financial leasing business By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MONEYMAX Financial Services’ first expansion into China is a small step by many measures, but it reflects big ambitions for
      FILE PHOTO  -  860 words
    • CORPORATE DIGEST
      • Article
        Lock icon OCBC
        83 8 OCBC has established a US$10 billion global covered bond programme. Under this, covered bonds may be issued from time to time for which investors will have recourse to both OCBC and a portfolio of assets through the covered bond guarantor Red Sail Pte Ltd. The covered bonds may be
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      • Article
        Lock icon Manulife US Reit
        53 8 MANULIFE US Reit, the US office real estate investment trust (Reit) listed on the Singapore Exchange, will be included in the MSCI Singapore Small Cap Index after the close of trading on Nov 30, 2016. Manulife US Reit closed trading at US$0.81, up a cent, before the
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      • Article
        Lock icon Fraser and Neave
        49 8 SOFT drinks group Fraser and Neave Limited, through wholly owned mdsb, has exercised a call option to acquire the remaining 30 per cent stake that it does not already own in Malaysian beverage manufacturer Yoke Food Industries Sdn Bhd. The consideration is RM23.4 million (S$7.5 million).
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      • Article
        Lock icon Spacemob
        57 8 SINGAPORE-BASED co-working startup concept, Spacemob, has just closed South-east Asia’s largest seed funding round at US$5.5 million, it said in a Wednesday release. The funding was led by vertex ventures Southeast Asia, the venture arm of Singapore investment company Temasek Holdings. The company plans to have 30 Spacemob sites
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    • Article, Illustration
      Lock icon Guangdong sets up direct customs clearance in Keppel Cove
      356 8 Singapore GUANGDONG’S first customs, immigration, quarantine and port-clearance (CIQP) post in a private marina opened on Wednesday in Keppel Cove marking the launch of the pilot project for direct sailing between Zhongshan City and Macau. Keppel Cove is a residential cum
      FILE PHOTO  -  356 words
    • Article
      Lock icon Invesco, Pimco looking for bargains in bonds dumped by hot-money ETFs
      486 8 don’t want to get whipsawed.” BLOOMBERG London TWO months ago, Invesco Advisers Inc money manager Avi Hooper struggled to find a single emerging market bond that still offered value. That was before Donald Trump turned everything upside down. Since
      don’t want to get whipsawed.” BLOOMBERG  -  486 words
    • Article, Illustration
      Lock icon Getting the most out of an acquisition
      1178 9 Companies need to put in place a concrete and actionable plan to capture the full value of an M&A deal Special feature brought to you by PwC Strategy in Action WHAT do elections and M&A have in common? They both involve making promises
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    • Article
      Lock icon KKR does in Asia what it can’t elsewhere
      555 9  -  The Calsonic transaction and the impact on its third Asia-dedicated buyout fund reflect opportunities that currently aren’t available elsewhere COMMENTARY By Gillian Tan New York KKR Co is back in the business of public-to-private buyouts. The New York-based investment firm on Tuesday
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    • Article, Illustration
      Lock icon Yuan options at their most bearish since June as traders expect sharper fall
      335 9 BLOOMBERG Beijing TRADERS are paying more to bet on a yuan decline with options as the currency slumps to an eight-year low amid the US dollar’s ascent. The extra cost for options to sell the yuan against
      BLOOMBERG; FILE PHOTO  -  335 words
    • Article
      Lock icon Mirae Assets Global Investments launches maiden Islamic fund
      248 9 REUTERS Hong Kong HONG Kong-based Mirae Asset Global Investments has launched its first Syariah compliant Asian equities fund, part of efforts to widen its client base and tap into demand from Islamic investors in the Middle East and South-east Asia. The launch
      REUTERS  -  248 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index NOV 23,2016 2,839.69 +17.49 (+0.62%) Current streak 2 days Day high 2,841.39 Day low 2,828.55 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index NOV 23,2016 454.53 -3.22 (-0.70%) Current streak 1 day Day high 458.34 Day low
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    • Article
      Lock icon GAINERS
      77 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 342.1 1.1 *****/***** DBXT Nifty50 ETF10 ***** 116.9 0.7 *****/***** DBXT MSAsExJp US$ 3346 52.7 1.1 3633/2772 DBXT Vietnam US$ 2351 44.2 1.3 2533/2017 Lyxor Nasdaq US$ 1930 31.4 1.2 1930/1557 BY PERCENTAGE CLOSE UP 52w high/low Tritech Group
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    • Article
      Lock icon LOSERS
      75 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -81.2 -0.5 *****/***** JMH USD 5530 -59.9 -0.8 6371/4500 Hyflux 6% CPS 9267 -53.0 -0.6 *****/9100 JSH USD 3342 -37.1 -0.8 3605/2524 Great Eastern 2050 -12.0 -0.6 2332/1940 BY PERCENTAGE CLOSE DOWN 52w high/low MYP R 0.1 -50.0 -0.1 4.8/0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE Abterra 1,685.3 0.550 +0.095 +20.88 Pollux Prop 1,000.1 0.040 +0.008 +25.00 Metech Intl 50,670.0 0.003 -0.001 -25.00 China Yuanbang 19.3 0.260 -0.040 -13.33 Hoe Leong 249.9 0.016 +0.003 +23.08 Magnus Energy 118,482.2 0.001 -0.001 -50.00 JEP 888.1 0.021 -0.003 -12.50 Hosen 3,470.0 0.041 +0.001 +2.50
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    • Article, Illustration
      Lock icon STI extends gains for second straight day
      678 10  -  This comes on the back of another set of record highs on Wall Street, which is still rallying after the US election result TTSTOCKS By Claire Huang huangjy@sph.com.sg @ClaireHuangBT WE could get used to this the benchmark Straits Times Index (STI) extending its
      Source: Bloomberg  -  678 words
    • Article
      Lock icon STI STOCKS
      307 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 +3 232/228 257 209 6.7 6447.5 CapitaCom Trust 148 +1 149/145 164 127 5.8 4386 CapitaLand 302 +2 303/300 340 280 12.1 3 *****.2 CapitaMall Trust 192.5 +2.5 194/190.5 225 185
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME Noble 123,535,300 Magnus Energy 118,482,200 Golden Agri-Res 55,448,800 Ezra 53,443,400 Metech Intl 50,670,000 Market volume 1,569,002,000 VALUE DBS Grp 177,009,998 Singtel 151,373,790 OCBC Bank 100,314,870 UOB 81,552,791 Wilmar Intl 36,630,903 Market value 1,216,100,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Nov 23 VALUE CLOSE BT OB/OS -183.00 +174.00 BT CADI -*****.00 -8.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 677.72 +3.28 FTSE ST Small Cap 382.14 +1.49 FTSE ST All Share 697.67 +3.81 FTSE ST China Top 158.57 +0.40 FTSE ST China 196.66 +0.81 FTSE
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    • Article
      Lock icon SGX ETFs
      108 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US647 +2 1204 652/645 772/441 647/650 80.9 STI ETF 288 287 290/288 300/254 288/289 DBXT MSRussia US$ US221 +2 200 222/220 223/129 220/221 Nikko AM STI ETF 294 +1 52 294/294 304/259
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      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share FTSE ST All-Share index NOV 23, 2016 697.67 +3.81 (+0.55%) Current streak 2 days Day high 697.92 Day low 695.50 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index NOV 22,2016 1,625.78 +0.64 (+0.04%) Current streak 2 days Day high 1,638.39 Day low 1,625.51 52-week high 1,755.96 (NOV 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 0 6 0 1 0 7 1 6 Manufacturing 24 41 33 6 8 15 30 49 48 Commerce 16 16 16 3 6 7 19 22 23 Tpt/Stor/Comms 14 4 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,547 307 14,854 46,533 50 46,583 Manufacturing 118,364 164,698 283,062 130,074 5,386 135,460 Commerce 167,165 48,552 215,717 75,641 681 76,322 Tpt/Stor/Comms 147,205 23 147,228 226,580 2 226,582 Finance 35,903 155 36,058 376,127 24 376,150 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Exchange | Hold
        150 10 Singapore Exchange Hold Target price: s$7.23 Nov 23 close: S$7.21 CIMB Research, Nov 22 Singapore Exchange’s (SGX) share price has de-rated since April, as global uncertainty has weighed on investor sentiment and dampened securities trading volumes. Market volatility after a Trump win and higher certainty of a Fed hike in
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      • Article
        Lock icon DBS Group | Buy
        129 10 DBS Group Buy Target price: S$18.38 Nov 23 close: S$16.76 rhb Research, Nov 23 Despite DBS’s 10 per cent share price rise month-to-date, the positives from expected higher Singapore interest rates have not been fully priced in. We expect Sibor to increase more sharply going forward. DBS’s earnings would rise
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      • Article
        Lock icon Sembcorp Industries | Buy
        189 10  - Sembcorp Industries Buy Compiled by Jamie Lee Target price: S$3.07 Nov 23 close: S$2.70 OCBC Investment Research, Nov 23 As a leading developer, owner and operator of energy and water assets, Sembcorp Industries has grown its operations to 14 countries, cementing its presence in Asia. its marine segment is facing
        189 words
    • Article
      Lock icon CALENDAR
      15 10 DATA I Nov 24 S’pore GDP US FOMC meeting minutes US Initial Jobless Claims
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    • Article
      Lock icon US$ steadies, offshore yuan hits record low
      411 11 CURRENCIES REUTERS London THE US dollar steadied near a recent peak on Wednesday, taking a breather ahead of the US Thanksgiving holiday after surging on expectations that a Donald Trump administration will boost growth and inflation, pushing up US interest rates. The dollar
      REUTERS  -  411 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Nov 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 5.124 0.700 5.765 50.871 100.204 0.826 8.727 3.301 1.053 77.922 37.067 1.060 10.486 0.753 23.689 26.419 0.599 0.743 Canada 1.001 5.128
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 NOV 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0594 1.0602 0.7433 0.7434 Canadian dollar 1.0600 1.0612 0.7440 0.7438 Euro 1.5128 1.5145 1.0615 1.0619 NZ dollar 1.0053 1.0068 0.7054 0.7059 Sterling pound 1.7674 1.7691 1.2401 1.2404
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 NOV 23 S$ Bid Offer 1-month 1.4251 1.4264 2-months 1.4251 1.4264 3-months 1.4251 1.4263 6-months 1.4250 1.4264 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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        Lock icon NIKKEI
        1 11
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        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        383 11 Nov 23 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov16 *****.00 *****.50 *****.50 *****.50 *****6 *****9 Dec16 *****.00 *****.50 *****.50 *****.00 *****7 *****5 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****4 Mar17 *****.00 *****.00 *****.00 *****.00 72 8917 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        210 11 Most active Nov 23 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.5 unch ***** 1 1 36 2.20 9 DBS MB eCW*****2 14.3 0.6 3509 0.1 1700 7 SingTel MB eCW*****2 1.5 unch 2846 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Nov 22 Index Change Change Change Change Change Change World Preliminary 1324.5 0.1 3.7 0.1 3.4 -0.1 2.8 EAFE Preliminary 986.0 0.3 -2.7 0.2 -4.7 0.0 -5.3 Europe Preliminary 1385.4 0.3 -1.9
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Nov 23 $S Offer Bid 0vernight 0.03 Par 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.12 US$ Offer Bid 7 days 0.55 0.45 1 month 0.65 0.55 2 months 0.85 0.65 3 months 1.00 0.80 6 months 1.40 1.20 9 months 1.55 1.35 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        59 11 Nov 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.06 5-Year N*****0Z 1.250 01-Oct-21 97.89 10-Year NX*****F 2.125 01-Jun-26 98.44 98.80 98.45 15-Year NZ*****F 2.875 01-Sep-30 102.42 20-Year NZ*****X 2.250 01-Aug-36 92.67 30-Year NA*****H 2.750 01-Mar-46 101.17 Note:
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Nov-22 Price Net change change Last Trade Agricultural Nov-22 CBOT Soybeans (US cents/bu) 1030.00 9.75 0.96% 13/01/2017 CBOT Soybean Oil (US cents/lb) 34.48 -0.16 -0.46% 14/12/2016 CBOT Wheat (US cents/bu) 407.25 -3.00 -0.73% 14/12/2016 Nov-22 LIFFE Cocoa (£/tonne) 2055.00 15.00 0.74% 13/12/2016 LIFFE Coffee (US$/tonne) 2126.00 14.00 0.66%
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    • Article
      Lock icon SGX MAINBOARD
      1827 12 Transaction date: Nov 23 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 125 AIMSAMP Cap Reit 125.5 -0.5 932 128 125 0.9 9 799.8 LOW 172.5 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      306 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap HiBh LOW Company Sale 19.9 8.3 t Anchor Resources 10 unch 1984 10 9.9 31.1 ('000) High C'vr P/E 10.2 6.3 t 3Cnergy
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    • Article
      Lock icon SGX ETF
      156 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 905 736 CIMBASEAN40 US$ US809 -5 0 809 809 126.9 3268 2355 DBXT China50 US$ US3082 -5 3 3107 3082 8.5 422 190 DBXT MSBrazil US$ US379 +5
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      Lock icon Page 6 Advertisements Column 1
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      111 6 The 6th Annual Philippine PROPERTY EXPO Jt. J 9? Don't miss this showcase of Houses, Land, Condo and prime offices! Invest now in a CBD area for as low as S$ 75K November 26 27 1 pm-9pm Expo hall GHJ SMDC ALVEO SSHANG Avida DMCI HOME6 Affordable living ill ill
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      308 7 The Peak Power List 2016 Every year, The Peak, Singapore’s premier luxury lifestyle magazine, honours 10 influential personalities in its Power List. Last year’s edition was dedicated to women leaders who have shattered the proverbial glass ceiling and scaled the corporate rungs. This year, in partnership with the National Volunteer
      308 words
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      228 8 SGX Market Outlook 2017 Finding Income and Managing Risk Forum 26 November, Saturday 10am 1pm The Star Performing Arts Centre, Level 3 FREE ADMISSION Finding Income and Managing Risk Join us at this forum as industry experts share their valuable opinions on upcoming market trends, investment ideas and strategies to
      228 words
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      98 12 Invest Trade with Precision Precision Market Entry Strategy A practical session to help you appreciate market volatility and develop market entry strategies for stocks and index futures. Date 10 Dec 2016 Venue SGX Centre 1 Time 10am 5pm For more information, visit sgx.com/academy Singapore Exchange This advertisement has been published
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  • REAL ESTATE
    • Article
      Lock icon Mortgage bonds fall as cheaper Aussie funding choices beckon
      459 13 BLOOMBERG Sydney HOME-LOAN providers in Australia are selling mortgage bonds at the slowest pace in four years, flocking instead to cheaper debt that doesn’t require collateral. Just A$14.8 billion (S$15.67 billion) of new residential mort-gage-backed securities have been issued so far
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      Lock icon IOI Properties shares continue to fall despite higher profit for Q1
      575 13  -  The stock has lost 4 per cent since the cash call made last week to fund Marina Bay land acquisition By Pauline Ng btworld@sph.com.sg Kuala Lumpur IOI Properties fell five sen to RM2.34 on Wednesday, despite announcing the day
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      Lock icon Famed Plaza District fades as Manhattan office landscape shifts
      972 13 REUTERS New York LOWER leasing costs, more efficient office space and the hope of projecting an image more appealing to millennials are leading hedge funds and large corporations to leave Manhattan’s most-coveted business district for a rejuvenated Downtown and the trendy
      REUTERS; PHOTO: AFP  -  972 words
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      Lock icon Aviva to reopen UK property fund shut by Brexit turmoil
      276 13 REUTERS London AVIVA Investors, the fund arm of insurer Aviva, plans to reopen the UK property fund it was forced to suspend during the market turmoil which followed Britain’s vote to leave the European Union in June. British funds worth
      REUTERS  -  276 words
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      Lock icon Beirut skyline captures religious rivalry and harmony
      635 14 City sees a newly built cathedral bell tower next to the soaring minarets of a landmark mosque REUTERS Beirut IN Beirut’s rapidly evolving skyline, a newly built cathedral bell tower has risen next to the soaring minarets of a landmark mosque, symbolising both
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      Lock icon Two Philippine property firms to raise US$359m in 2017
      318 14 REUTERS Manila TWO Philippine companies involved in the property sector announced on Tuesday plans to raise a combined US$358.7 million from the capital markets next year to fund expansion plans. This comes at a time when President Rodrigo Duterte has vowed
      REUTERS; PHOTO: REUTERS  -  318 words
    • Article
      Lock icon Househunt
      1645 14 Property transactions for selected districts with contract dates between Oct 12 and Oct 18,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 2 NON-LANDED Skysuites Anson Apt 13/10/2016 99 667 1234 1849 District 3 NON-LANDED Ctl Green Cdo Apt 13/10/2016
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      37 13 Curlupand url up and r=r O What greater gift than the love of a cat? –Author Charles Dickens FORLOCAL Limited Edition POSTAGE PREPAID COLOURING POSTCARD BOOK POSTINGONLY today. Now on sale at all leading bookstores and www.stpressbooks.com.sg
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      190 13 2-STOREY FOOD FACTORY AT CHIN BEE CRESCENT Land Area: 100,279 sq ft approx. Floor Area*: 70,663 sq ft approx. Zoned “Business 2" with Plot Ratio 1.4 j am Balance tenure of about 23 years Existing cold rooms, warehouse/ production areas ancillary office Easy access via AYE PIE expressway Near to
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      172 13 RENT LONG AGO AND FAR AWAY Live in a refurbished 1960’s bungalow The garden. The outhouse. The 2 storey quaint facade. Enjoy living the way they did in the ’60’s yet with a fully refurbed interior. Gentle breezes circulate round the pool and the tufted garden with our national orchids,
      172 words
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  • BANKING & FINANCE
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      2332 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg ABUNDANCE INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration no. *****1572K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 9 Joo Koon Circle, Singapore *****1 on 21
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      61 15 BVI BUSINESS COMPANIES ACT, 2004 SANMARI HOLDINGS LIMITED (the “Company”) NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE is hereby given pursuant to Section 204(1 )(a)(i) that Adeleine Wee Siok Choo of 28 Sennett Terrace, Singapore *****3 has been appointed liquidator of the Company by a resolution of directors dated 16 November 2016.
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  • ENERGY & COMMODITIES
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      986 16 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg ELEKTROMOTIVE GROUP LIMITED (Incorporated in Singapore) (Company Registration Number *****7135Z) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalised terms used herein shall have the same meanings ascribed to them in the circular dated 24 November 2016. NOTICE IS HEREBY GIVEN that an Extraordinary
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  • TECHNOLOGY
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      Lock icon China selfie app in pre-IPO talks with investors
      611 17 Chinese funds said to be willing to pay for what they see as the next big growth opportunity while international investors are sceptical BLOOMBERG Hong Kong CHINA’S Meitu Inc is about to test the price of beauty. The developer of selfie apps
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      Lock icon Facebook creates censorship tool to get into China: sources
      1017 17 NYTIMES San Francisco MARK Zuckerberg, Facebook’s chief executive, has cultivated relationships with China’s leaders, including President Xi Jinping. He has paid multiple visits to the country to meet its top internet executives, and has made an effort to learn Mandarin. Inside
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      1901 17 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg ISDN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6788Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of ISDN Holdings Limited (the “Company’’) will be held at 1 Robinson Road #18-00 AIA
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  • CONSUMER
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      Lock icon Dr Pepper Snapple, Pepsi buy alternative drinks makers
      469 18 Beverage firms are diversifying into products perceived as healthier as soda sales fall REUTERS New York DR Pepper Snapple Group Inc and PepsiCo on Tuesday both announced plans to buy alternative drinks makers, the latest examples of beverage companies branching into products
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      Lock icon Tyson chief surprises with exit amid concerns over chicken pricing
      635 18 BLOOMBERG Chicago THE planned departure of Tyson Foods Inc’s chief executive officer triggered the biggest selloff in the stock since the financial crisis as analysts questioned the timing amid mounting concern that US benchmark chicken prices may have been inflated.
      BLOOMBERG; PHOTOS: BLOOMBERG  -  635 words
    • Article
      Lock icon Where marijuana is the doctor’s orders, will insurers pay?
      892 18 NYTIMES New York EARLY this year, a disabled former vehicle body worker named Greg Vialpando explained to lawmakers in New Mexico how medical marijuana helped his chronic back pain. State legislators were considering a bill backed by workers’ compensation insurers that
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      Lock icon Chow Tai Fook shares surge to 4-month high as profit fall eases
      443 18 BLOOMBERG Hong Kong SHARES of Chow Tai Fook Jewellery Group Ltd jumped to the highest level in about four months after the world’s largest publicly traded jewellery chain reported that profit fell less than a year earlier, as
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      190 18 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NOVENERGY HOLDINGS PTE. LTD. Company Registration No. *****2412G (IN MEMBER’S VOLUNTARY WINDING UP) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of
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      12 18 Mesmsiijfl# *Chinese Language Content zaobad o When Lulu meets Michelle Chong http://bit.ly/zb_ent15
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      968 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 India’s currency switch: a risky gamble, but with potential benefits
      613 22 EDITORIAL ON the evening of Nov 8, while the rest of the world was fixated on the US election, India’s Prime Minister Narendra Modi made a dramatic announcement that would impact the lives of all of his countrymen perhaps for
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      Lock icon S’pore’s unique tack on financial globalisation
      1404 22  -  It’s a pragmatic and opportunistic approach rather than ideology-driven, with a willingness to alter or even reverse policy actions if and when the need arises. BY RAMKISHEN S RAJAN BY RAMKISHEN S RAJAN T The writer is professor of economics at ESSEC Business School,
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      Lock icon The political economics of populist politics
      673 22  -  THE BOTTOM LINE By Paul Donovan T The writer is global chief economist at UBS Wealth Management INVESTORS have consistently underestimated populism. Now, with the election of Donald Trump in the United States, there is a sudden reappraisal of what wider populism might mean.
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      Lock icon Tapping the potential of e-commerce in Asean
      1107 23  -  COMMENTARY By Olivier Gergele T The writer is a principal at AT Kearney ALIBABA, one of the world’s largest e-com-merce companies, has made two significant moves in South-east Asia. Earlier this year, it acquired a controlling stake in Lazada, a leading online retailer
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    • Article
      Lock icon Pushing the inclusive global prosperity envelope in an age of nativism
      731 23  -  By Arnaud Arnaud de Bresson, Jean-Michel Blanquer, Jean-Hervé Lorenzi, Euston Quah T Arnaud de Bresson is CEO, Paris Europlace; Jean-Michel Blanquer is dean and president, ESSEC Business School; Jean-Hervé Lorenzi is president, Cercle des économistes; and Euston Quah is
      731 words
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      Lock icon Massive makeover in store for US trade agenda under Trump
      1109 23  -  With US participation in TPP now dead, and TTIP apparently unravelling, attention is turning to what would happen to Nafta. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at the Centre for International Affairs, Diplomacy and
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  • LIFE & CULTURE
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      Lock icon Chinese museum mounts Kiefer show, over artist’s objections
      828 24  -  Central Academy of Fine Arts Museum blames show’s German co-organisers for misrepresenting blue-chip German artist’s involvement in the exhibition. BY AMY QIN BY AMY QIN NYTIMES Beijing ONE of China’s top art academies is facing criticism for moving ahead with a major
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      Lock icon Beatty takes a dig at Hollywood and Howard Hughes with a wink
      893 24  -  By Stephen Holden NYTIMES New York IT may be hyperbolic to describe Warren Beatty’s Howard Hughes movie Rules Don’t Apply as a screwball Citizen Kane. But that’s what it feels like. From another perspective, this serio-comic portrait of
      NYTIMES; PHOTO: REUTERS  -  893 words
    • Article
      Lock icon Jordan among 21 to get Obama’s final medals
      443 24 NYTIMES Washington PRESIDENT Barack Obama handed out his final set of Presidential Medals of Freedom on Tuesday, honouring 21 individuals, including Michael Jordan, Vin Scully and Kareem Abdul-Jabbar. “Today, we celebrate extraordinary Americans who have lifted our spirits, strengthened our union, pushed
      NYTIMES  -  443 words
  • Page 24 Miscellaneous
    • Miscellaneous
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      320 24 CRYPTIC CROSSWORD Across 1 Mutual respect’s beginning with police car going off (10) 6 Stone circle left on peak, oddly (4) 9 Criminal pair one found in sect (7) 10 Incapable of supporting oneself? (7) 12 Viewer keen to see what’s in store (6-7) 14 Go and cover for person
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