The Business Times, 2 November 2016

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Microfilm: NL34120
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 Wednesday, November 2, 2016 S$1.20 CO REGN NO *****2868E
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  • Article, Illustration
    Lock icon DAILY DIGEST
    224 1 A company in ST Telemedia’s portfolio is merging with one of the largest phone companies in the US in a stock-and-cash deal worth US$34 billion including debt. TOP STORIES 2 Risk management disclosure by Singapore-listed companies improve but behavioural aspects such as a company’s risk culture could do
    224 words
  • Article, Illustration
    Lock icon Private banks lacking scale exit Singapore
    1125 1  -  Eight foreign private banks have pulled out in the last two years, at a time of Asia’s explosive growth in wealth By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore JUST like real estate is about location, location and location, private banking is about scale, scale
    Compiled by BT  -  1,125 words
  • Article
    Lock icon Economy’s slowing, but S’pore not in a crisis: PM Lee
    640 1  -  Emergency aid package for businesses not needed; a long-term plan for growth is being put in place, he says By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SINGAPORE’S economy is running slow, but the country is not in a crisis, Prime
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  • Article
    Lock icon MARKETS
    28 1 Tuesday Change STI 2,813.69 -0.18 KL COMP 1,670.93 -1.53 NIKKEI 225 17,442.40 +17.38 HANG SENG 23,147.07 +212.53 SHENZHEN B 1,165.95 +3.79 DOW (11.45 AM EDT) 18,116.81 -25.61
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  • Page 1 Advertisements
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      17 1 *****1 *****1 THE BUSINESS TIMES WhateffectcouldaTrumpwinhave onWallStreet? Hair-raisingvolatility? TheresultoftheUSpresidentialelectioncouldsendshockwavesacrossWallStreetandbeyond. Takeaviewonthepotentialimpactonyourchoiceofover10,000globalmarkets,onourcuttingedgeNextGenerationtradingplatformandmobiletradingapps. Visitcmcmarkets.com.sgorourRafflesPlaceoffice,orcall*****068 FX|Indices|Commodities|Shares|Binaries IssuedbyCMCMarketsSingaporePteLtd(UEN*****5050E).Thisadvertisforinformationonly,notaninvestmentrecommendationor financialadvice.Losses canexceedyourinitialdeposit.BinariesandCountdownscarryalevelofrisktoyourcapitalasyoucouldloseallofyourinvestment. Seeriskwarning/disclosure& otherimportantinformationonourwebsite:www.cmcmarkets.com.sg.
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      14 1 1MDB TRIAL Ex-BSI banker had close working relationship with Jho Low TOP STORIES 4
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      30 1 MANAGED HEALTHCARE Doctors in a fix over impending rules banning percentage fees TOP STORIES 6 EMERGING MARKETS’ SHARE SALES IPO lull may end as mutual-fund flows revive EXECUTIVE MONEY 28
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  • TOP STORIES
    • Article, Illustration
      Lock icon ST Telemedia portfolio unit in US$34b merger with major US telco
      644 2  -  Level 3-CenturyLink union will create the second-largest communications provider in America By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore A COMPANY within Singapore Technologies (ST) Telemedia’s portfolio, Level 3 Communications, is merging with CenturyLink one of the largest phone companies in
      PHOTO: BLOOMBERG  -  644 words
    • Article, Illustration
      Lock icon Carney to helm BOE for additional year beyond his term
      558 4 He will now most likely stay as central bank chief through final negotiations by Britain on exit from EU London MARK Carney, the Bank of England (BOE) governor, said he would serve an additional year as head of the central
      PHOTO: AFP  -  558 words
    • Article, Illustration
      Lock icon Ex-BSI banker in 1MDB trial had close working relationship with Jho Low: DPP
      942 4  -  B y Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE prosecution on Tuesday presented photo evidence that not only linked former BSI banker Yeo Jiawei to tycoon Low Taek Jho but also showed the jet-setting life that Yeo led
      942 words
    • Article
      Lock icon China’s October PMIs hit two-year high
      610 4  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S manufacturing activity expanded further in October, as the world’s second largest economy continued to stabilise. The official purchasing managers’ index (PMI) came in at 51.2 for October the highest point in more than two years; it was also
      610 words
    • Article
      Lock icon Lapses by AHTC exposed millions in public funds to improper use: KPMG
      820 4 THE STRAITS TIMES Singapore FAILURES in governance at Alju-nied-Hougang Town Council (AHTC) exposed millions of dollars in public funds to improper use and application, and could amount to criminal conduct if deliberate, independent auditor KPMG said in a
      THE STRAITS TIMES  -  820 words
    • Article
      Lock icon Doctors in a fix over impending rules banning percentage fees
      686 6  -  They will be in breach if they continue to pay managed care providers as provided under their contracts MANAGED HEALTHCARE By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore PRIVATE-sector doctors tied to existing contracts with managed care providers or third-party administrators are
      686 words
    • Article
      Lock icon Employers say greater transparency needed in managed care
      657 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MORE transparency is needed in the transactions of managed care providers or third-party administrators (TPAs), who continue to have a role to play in the healthcare system, according to companies. Employers approached by The Business Times
      657 words
    • Article, Illustration
      Lock icon Motor insurer dangles lifetime NCD protection
      578 6  -  By Samuel Ee samuelee@sph.com.sg Singapore SINGAPORE’S newest insurer, FWD, is grabbing attention in the competitive motor insurance market with the novel offer of lifetime protection of NCD or no-claim discount at no charge. Direct online insurer FWD Singapore, part of Hong Kong tycoon Richard
      578 words
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      183 3 f \iV N* V f jSf f ft V w 7~%p v Sg Vf®> '*e t y -w. rVil 4 < rT" 3F J. iv--. V» Ci OMEGA Ccnr>teUab' X) t o M 'A WASTER CHRONOMETER >' 7 V 7' w w V l&M iL Mfr^Vi 5! V v I.'
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  • Page 4 Advertisements
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      83 5 We turn market forces .uni i > f > into a force that investors From rising rates to geopolitical events, we meet these challenges with the full force of our macroeconomic expertise —and the investment process that has powered our clients' portfolios through decades of market change. Across the world,
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  • Page 6 Advertisements
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      99 6 t; a La l amplified TM SINGAPORE 8-10 NOVEMBER 2016 Technology Disruption: How will your organisation transform itself? Blockchain, Big Data, Al, Digital Reporting... Big changes are coming to accounting, regulation and analytics. Data Amplified brings global experts in Reporting, RegTech and FinTech to Singapore to help define the future.
      99 words
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      26 6 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      57 7 t V ft' NV V X, A a M •V /i 12 r'-v<F**h <r.J W VV v- WM 7%! ?4*t45» M .1 A You never actually own a Patek Philippe. You merely look after it for the next generation. Til l|f| 1 Y Y Y5 K 1 Annual Calendar Chronograph
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Risk culture still lacking in Singapore companies
      771 8  -  But study of more than 210 listed companies also shows risk management disclosures have improved in the last three years By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore RISK management disclosures by Singapore-listed companies have improved in the last three years. But, behavioural aspects such
      BT FILE PHOTO  -  771 words
    • Article, Illustration
      Lock icon Domestic logistics sector inefficient, says Tharman
      583 8  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A SYSTEM of nationwide parcel lockers that must be “interoperable” by different market players will be rolled out “by next year” and the government is also exploring using autonomous vehicles to transport goods in the longer term, Deputy
      PHOTO: DON WONG/ THE STRAITS TIMES  -  583 words
    • Article, Illustration
      Lock icon Tg Pagar Centre game-changer for GuocoLand
      993 10  -  HOCK LOCK SIEW BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT GUOCOLAND, controlled by Malaysian tycoon Quek Leng Chan, recently completed Guoco Tower the office component of its integrated mixed-development project, Tanjong Pagar Centre, on a 99-year leasehold site above Tanjong Pagar MRT Station. The mainboard-listed property
      FILE PHOTO  -  993 words
    • Article
      Lock icon Lack of strategic thinking an obstacle to family businesses in Singapore, says PwC
      593 10  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore FAMILY businesses in Singapore are feeling the brunt of the economic slowdown and technology disruption, but it is ultimately a lack of strategic thinking that holds them back, according to a
      593 words
    • Article, Illustration
      Lock icon OUE C-Reit Q3 DPU buoyed by One Raffles Place stake
      639 10  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore OFFICE landlord OUE Commercial Reit (OUE C-Reit) posted a 29.4 per cent year-on-year jump in distribution per unit (DPU) to 1.32 Singapore cents for the third quarter ended Sept 30, buoyed mainly by the
      FILE PHOTO  -  639 words
    • Article
      Lock icon LSE CEO says loss of London euro clearing may cost US$77b
      385 10 BLOOMBERG London STRIPPING euro clearing from London as a result of Britain’s Brexit vote could cost banks US$77 billion in additional margin contributions, said London Stock Exchange Group Plc chief executive officer Xavier Rolet. While French and German leaders
      BLOOMBERG  -  385 words
    • Article
      Lock icon SIA Engineering’s Q2 profit down 20% at S$35.5m
      453 11  -  Profit hit by lower revenue, higher expenditure, as well as the absence of divestment gain By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SIA Engineering (SIAEC) has reported a 20.2 per cent slide in secondquarter net profit to S$35.5 million, due partly to lower
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    • Article
      Lock icon Challenger’s Q3 profit down 50% on impairment charge, weak retail sales
      392 11  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CHALLENGER Technologies warned that the business environment would be difficult in the near term as its net profit for Q3 ended Sept 30, 2016, halved year-on-year to S$ 1.75 million, due to a
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    • CORPORATE DIGEST
      • Article
        Lock icon Imperium Crown
        76 11 property investment firm Imperium Crown is planning to invest S$5 million in two cineplexes in China, which it says will open opportunities for the group to tap into China’s booming film industry. In an exchange filing on Tuesday morning, the group said that it will buy a 30
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      • Article
        Lock icon Sino Techfibre
        120 11 LONG-suspended Sino Techfibre has defied a Singapore Exchange (SGX) requirement to issue a notice of delisting, SGX announced on Tuesday after the market closed. Sino Techfibre, which last reported financial statements in March 2012, told SGX on Monday that it no longer planned to provide updates to the
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      • Article
        Lock icon Tung Lok
        106 11 TJIOE Ka In has been appointed chief operating officer of Tung Lok Restaurants (2000), the restaurant group said in a release to the Singapore Exchange on Tuesday. Accordingly, Mdm Tjioe has resigned as an executive director of the company, a role which she has held since March 2001.
        106 words
      • Article
        Lock icon HC Surgical Specialists
        132 11 HC Surgical Specialists (HCSS) has successfully completed the placement for its initial public offering of 30 million placement shares at S$0.27 per share. At the close of the application list at noon on Nov 1, all 30 million placement shares had been subscribed for a total of
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    • Article, Illustration
      Lock icon STI / Catalist
      62 12 STI Catalist Straits Times Index NOV 1,2016 2,813.69 -0.18 (-0.01%) Current streak 3 days Day high 2,832.37 Day low 2,811.68 52-week high 3,040.48 (NOV 4, 2015) 52-week low 2,532.70 (Jan 21,2016) FTSE ST Catalist index NOV 1,2016 456.42 -1.03 (-0.23%) Current streak 1 day Day high 460.37 Day low 455.42
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 12 VOL CLOSE($) CHANGE Oceanus 52,066.6 0.005 +0.001 +25.00 China Yuanbang 22.0 0.245 -0.250 -50.51 Vashion 4,332.0 0.006 -0.001 -14.29 EuroSports Gbl 160.0 0.130 -0.047 -26.55 ASTI 21,887.8 0.055 +0.009 +19.57 Eindec 1,317.0 0.053 -0.007 -11.67 Mary Chia 29.0 0.055 +0.004 +7.84 Libra 991.1 0.180 -0.030 -14.29 Moya Asia
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    • Article
      Lock icon GAINERS
      72 12 BY CENTS CLOSE UP 52w high/low DBXT China50 US$ 3131 79.2 1.9 3268/2355 GLD US$ ***** 73.7 0.4 *****/***** DBXT iBoxxSing SG$ ***** 58.0 0.4 *****/***** Jardine C&C 4259 37.0 0.9 4520/3160 JSH USD 3530 29.2 0.6 3548/2524 BY PERCENTAGE CLOSE UP 52w high/low ChasWood Res 1.5 50.0 0.5
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    • Article
      Lock icon LOSERS
      76 12 BY CENTS CLOSE DOWN 52w high/low DBXT MSUSA US$ 5514 -100.1 -1.3 5660/4705 DBXT Nifty US$ ***** -62.5 -0.3 *****/***** Hyflux 6% CPS 9407 -43.0 -0.5 *****/9200 DBXT MSTaiwan US$ 2316 -30.6 -0.9 2345/1667 Prudential USD 1670 -27.8 -1.2 2500/1660 BY PERCENTAGE CLOSE DOWN 52w high/low Serrano 0.3 -82.4
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    • Article, Illustration
      Lock icon China PMI gives only short-lived lift
      612 12  -  ST Index closes 0.18 of a point lower, after rising 19 points in the morning in line with regional markets STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT BETTER-THAN-EXPECTED China manufacturing numbers on Tuesday helped lift sentiment throughout the region, adding about 19 points to the
      Source: Bloomberg  -  612 words
    • Article
      Lock icon STI STOCKS
      303 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 237 unch 240/236 257 209 6.5 6638.7 CapitaCom Trust 159 +1.5 160/157.5 164 127 5.4 4710.4 CapitaLand 308 -1 313/308 340 280 12.3 2.9 *****.7 CapitaMall Trust 206 -1 209/206 225 185
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    • Article
      Lock icon MOST ACTIVE
      35 12 VOLUME Noble 116,882,300 QT Vascular 103,333,200 Equation 59,855,500 Oceanus 52,066,600 Geo Energy Res 35,552,200 Market volume 1,631,313,000 VALUE DBS Grp 75,540,057 ComfortDelGro 42,306,741 Singtel 40,809,961 UOB 34,826,969 OCBC Bank 28,323,534 Market value 853,061,000
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    • Article
      Lock icon SGX ETFs
      110 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 286 230 288/286 309/254 286/287 IS MS INDIA US$ US729 +6 159 730/723 772/441 727/729 91.1 ABF SG Bond ETF 119.2 +0.7 82 119.6/118.5 120.1/112.1 118.8/119.5 544.1 DBXT MSBrazil US$ US420 +5 58 420/418
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Nov 1 VALUE CLOSE BT OB/OS -218.00 -46.00 BT CADI -*****.00 -24.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 689.98 -0.35 FTSE ST Small Cap 383.66 -0.89 FTSE ST All Share 696.10 -0.12 FTSE ST China Top 157.12 -0.29 FTSE ST China 193.58 -0.06 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 12 STI FTSE ST All-Share FTSE ST All-Share index NOV 1,2016 696.10 -0.12 (-0.02%) Current streak 3 days Day high 699.89 Day low 695.77 52-week high 735.69 (NOV 4, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 12 STI MSCI EAFE MSCI EAFE Index Oct 31,2016 1,665.72 +0.10 (+0.01%) Current streak 1 day Day high 1,674.70 Day low 1,661.18 52-week high 1,763.33 (NOV 2, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 8 6 0 0 0 1 8 6 Manufacturing 30 37 27 10 8 13 40 45 40 Commerce 14 14 13 2 9 4 16 23 17 Tpt/Stor/Comms 9 9 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,243 11,243 35,797 35,797 Manufacturing 115,366 246,794 362,160 87,076 12,504 99,579 Commerce 213,315 26,475 239,790 84,974 464 85,438 Tpt/Stor/Comms 78,895 75 78,970 149,321 7 149,328 Finance 18,846 6,037 24,883 155,205 1,014 156,219 Construction 36,725 21,930
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    • BROKERS’ TAKE
      • Article
        Lock icon DBS Group Buy
        101 12 Target price: S$17.30 Oct 31 price: S$14.99 rhb Research, Nov 1 Given the surge in 2016 provisions, we are projecting flattish provisions next year. Although we expect asset quality to deteriorate further with forecast NPL ratio of 1.8 per cent by end-2017 (Q316:1.3 per cent), we are
        101 words
      • Article
        Lock icon Starhill Global Reit Hold
        136 12 Target price: S$0.81 Oct 31 price: S$0.815 CIMB Research, Oct 31 SGREIT’s Q1FY17 results were a mixed bag. At 23 per cent of our FY17 forecast, Q1FY17 DPU of 1.30 Singapore cents was slightly below our expectations but within consensus. Singapore retail NPI improved 7 per
        136 words
      • Article
        Lock icon OUE Hospitality Trust Buy
        179 12  -  Compiled by Andrea Soh Target price: S$0.73 Oct 31 price: S$0.685 OCBC Investment Research, NOV 1 OUE Hospitality Trust’s (OUEHT) Q316 DPU fell 28.5 per cent year on year to 1.23 Singapore cents or 27 per cent of our full-year forecast. Mandarin Orchard Singapore (MOS) posted
        179 words
    • Article
      Lock icon CALENDAR
      9 12 DATA I Nov 2 Singapore Purchasing Managers Index
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    • Article
      Lock icon A$, NZ$ rise on upbeat Asian economic surveys
      434 13 CURRENCIES REUTERS London THE Australian and New Zealand dollars gained strongly on a handful of upbeat Asian economic surveys on Tuesday as their US counterpart struggled in the face of concern around next week’s presidential election. A relatively upbeat statement from the
      REUTERS  -  434 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 13
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 13 Nov 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.027 5.194 0.698 5.944 51.125 99.947 0.805 8.743 3.206 1.069 80.315 37.024 1.065 10.353 0.758 24.174 26.829 0.625 0.767 Canada 0.974 5.059
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        Lock icon SHANGHAI COMPOSITE
        2 13
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      • Article, Illustration
        Lock icon DOW JONES
        2 13
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 13 NOV 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0650 1.0656 0.7664 0.7667 Canadian dollar 1.0374 1.0378 0.7467 0.7465 Euro 1.5258 1.5265 1.0980 1.0983 NZ dollar 0.9961 0.9966 0.7168 0.7170 Sterling pound 1.7039 1.7049 1.2262 1.2266
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 13 Nov 1 S$ Bid Offer 1-month 1.3893 1.3897 2-months 1.3890 1.3894 3-months 1.3888 1.3893 6-months 1.3882 1.3891 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 13
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 13 Most active Nov 1 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.3 0.1 6193 1 1 44 3.00 9 DBS MB eCW*****1 7.7 0.5 3620 0.1 1550 3 FTSEChinaA50 ***** MBeCW*****9 8.7 0.5 3365 0.0
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 31 Index Change Change Change Change Change Change World Preliminary 1299.2 0.0 1.7 0.1 -0.1 0.2 1.9 EAFE Preliminary 983.3 -0.3 -3.0 0.0 -4.7 0.1 -2.9 Europe Preliminary 1402.4 -0.5 -0.7
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        384 13 Nov 1 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov16 9867.50 9950.00 9850.00 9920.00 *****5 *****4 Dec16 9890.00 9965.00 9870.00 9927.50 2090 2952 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Mar17 *****.00 *****.00 *****.00 *****.00 5 4833 MSCI TAIWAN
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 13 Oct-31 Price Net change change Last Trade Agricultural Oct-31 CBOT Soybeans (US cents/bu) 1002.25 1.00 0.10% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.17 -0.24 -0.68% 14/12/2016 CBOT Wheat (US cents/bu) 416.25 7.75 1.90% 14/12/2016 Oct-31 LIFFE Cocoa (£/tonne) 2262.00 -17.00 -0.75% 13/12/2016 LIFFE Coffee (US$/tonne) 2229.00 41.00 1.87%
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 13 Nov 1 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.05 US$ 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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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 13 Nov 1 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.66 5-Year N*****0Z 1.250 01-Oct-21 99.51 99.76 99.70 10-Year NX*****F 2.125 01-Jun-26 101.69 102.32 102.00 15-Year NZ*****F 2.875 01-Sep-30 107.56 108.74 107.50 20-Year NZ*****X 2.250 01-Aug-36 98.63 100.00 99.70
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    • Article
      Lock icon SGX MAINBOARD
      1857 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 127 AIMSAMP Cap Reit 138.5cd +0.5 106 139 138 0.9 8.2 882.6 LOW 146 101 ARA Asset Mgmt 140.5 +0.5 690 142
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    • Article
      Lock icon SGX CATALIST
      258 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 46.5 29.5 t Advancer Global 37.5 unch 105 38 37 14.9 64.9 LOW 16.2 4.5 t Alliance Mineral 10.6 unch 9466 11 10.6 51
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    • Article
      Lock icon SGX ETF
      138 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 84.2 69.1 CIMB APAC Div US$ US76.8 -4.5 10 76.8 76.8 8.1 1211 1061 CIMBASEAN40 S$D 1204 0 1204 1204 vol 3268 2355 DBXT China50 US$ US3131 +57 2
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      768 8 HC SURGICAL SPECIALISTS LIMITED (Company Registration No.: *****3429G) (Incorporated in the Republic of Singapore on 1 September 2015) Placement of 30,000,000 Placement Shares at S$0.27 for each Placement Share, payable in full on application Unless otherwise defined, all capitalised terms used in this announcement shall have the same meanings as
      768 words
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  • Page 9 Advertisements
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      125 9 7 When both great cities connect, home is now so much closer. Go West and Discover Chicago on our 4-weekly direct service from Taipei! Now 80 flights a week to 8 popular cities, flying together on the World’s Best Transpacific Airline. I I I F w m nr in f.
      125 words
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  • Page 11 Advertisements
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      505 11 Allianz Asian Fixed Income Strategies Shape your investment goals with our insight and expertise MrM '-i V. jk nl i4 I Distributed by CIMBBANK cimbbank.com.sg fundsupermart I INVEST GLOB fundsupermart.com INVEST GLOBALLY AND PROFITABLY PhillipCapital Your Partner In Finance phillip.com.sg UOBKayHian Your trusted financial partner utrode.com.sg iFAST ifastfinancial.com Maybank maybank2u.com.sg
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  • Page 14 Advertisements
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      71 14 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
    • Article, Illustration
      Lock icon S-Reits stay shy of M&A route to growth
      682 15  -  In contrast to Singapore, other Reit markets have been very active in merger activity in 2015 and 2016 By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singappore MERGER and acquisition (M&A) activity in mature real estate investment trust (Reit) markets around the world has picked
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      Lock icon GSH Corp said to have bought the top floor of GSH Plaza for S$31m
      554 15  -  Price works out to an average of S$3,192 psf on a strata area of 9,709 sq ft By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SAM Goi’s GSH Corporation is understood to have bought up all the nine
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    • Article
      Lock icon Barclays’ 25% cut in London office space signals threat of glut
      475 15 BLOOMBERG London BARCLAYS Plc’s decision to cut 25 per cent of its London office space highlights the growing risk that tenants will be in short supply for developers of buildings currently being constructed. The lender is seeking to sublease
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  • Page 15 Advertisements
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      270 15 BUGIS POINT, 530 NORTH BRIDGE ROAD 999-Year 6-storey Commercial Building Heart of Bugis Bugis Junction, InterContinental Hotel Bugis MRT Interchange Station Parkview Square k las Site Area: Approx. 2,776 sq ft Total Floor Area: Approx. 16,975 sq ft Property comes with 6 strata titles Directly opposite Bugis Junction and Bugis
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      213 15 International Residential Property Services Vanessa Chan CEA REG NO. R*****31 +65 8125 7636 Vanessa.Chan@ap.jll.com JonesLangLaSallePropertyConsultantsPteLtdlCEALicenceNo.L*****26E savills V y e if 134 Jurong Gateway Road 744 Bedok Reservoir Road Air-con Food Court Coffee Shop 12 food stalls 1 drink stall Outdoor Refreshment Area (ORA) Behind bus-stop, high foot traffic 1 Near
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  • BANKING & FINANCE
  • Page 16 Advertisements
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      796 16 NOTICES JURONG TOWN CORPORATION (“JTC”) The JTC Summit, 8 Jurong Town Hall Road, Singapore *****4 NOTICE is hereby given that the below mentioned JTC unsecured note certificate (“Note Certificate”) issued pursuant to the JTC Act (Chapter 150) of Singapore has been reported as lost/misplaced and the registered noteholder has applied
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      207 16 Invest Prosper 2017 5th November 2016, 9:30AM 5:00PM SPH News Centre Auditorium How will the US election affect your investment strategy S$10ADMISSION E lections never fail to give markets the jitters and investment climate often takes after such global economic movement. As we approach the 8th of November US Presidential
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      18 16 zaobacf ull'f-'Ti-l IM I I I I U I I in umiaiKwi 0 0 bit.ly/ZB_cakes Chinese Language Content
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Clean energy investments slump as subsidies drop
      1012 17 Asian governments scaling back incentives to constrain boom in installations BLOOMBERG Tokyo THE green-energy industry is starting to feel the impact of an efficiency drive sweeping Asia, where governments from China to Japan are scaling back subsidies to constrain a boom in installations.
      BLOOMBERG  -  1,012 words
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      Lock icon US energy revolution hits historic milepost
      395 17 BLOOMBERG New York THE United States passed another historic marker in its energy revolution this year. In February, US transportation emitted more carbon dioxide than the fossil-fuel-heavy power sector for the first time since 1978. Overall, the US has seen a 25 per cent
      BLOOMBERG; PHOTO: REUTERS  -  395 words
    • Article
      Lock icon More M&As ahead in US energy sector
      560 17 REUTERS New York GENERAL Electric Co’s deal with Baker Hughes Inc to create the world’s No 2 oilfield services business is the clearest signal yet that consolidation is picking up in the energy sector as companies face long-term lower oil prices. GE said
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      967 17 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg CHINASING INVESTMENT HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Chinasing Investment Holdings Limited (the “Company”) will be held at Re!Union Function Room, Level 2, Hotel
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  • TECHNOLOGY
    • Article
      Lock icon Hitting back at hackers: the debate heats up
      790 18 Report says US policies should be eased to allow “active defence” measures by both the government and private sector, but stops short of endorsing the idea of “hacking back” AFP Washington AFTER a seemingly endless barrage of cyberattacks, debate is heating up
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    • Article, Illustration
      Lock icon How Apple lost last week to Microsoft
      675 18 WP Washington LAST week, Apple and Microsoft had duelling product launch events. And in the tech version of this “Who wore it better?” contest, the winner seems to be: Microsoft. That’s right. At least in the microcosm of last week, Microsoft has made
      WP  -  675 words
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      Lock icon Investors flock to Zcash, a new virtual currency that promises to be untraceable
      926 18 NYTIMES New York SPECULATORS are snapping up a new virtual currency known as Zcash that was designed by university academics and built to be all but untraceable. Investors were paying more than US$ 1,000 for a single
      NYTIMES; PHOTO: NYTIMES  -  926 words
    • Article
      Lock icon Rights groups want Facebook to clarify policies on content removal
      423 18 REUTERS Washington MORE than 70 rights groups asked Facebook on Monday to clarify its policies for removing content, especially at the behest of governments, alleging that the company has repeatedly censored postings that document human rights violations. In a letter
      REUTERS  -  423 words
  • Page 18 Advertisements
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      45 18 “With the country now caught in a struggle, this book is a timely reminder of the Malaysia that once was and is now, perhaps, forever lost.” HO KAY TAT publisher of The Edge group of newspapers Now on sale at all major bookstores and www.stpressbooks.com.sg
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  • CONSUMER
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      Lock icon Yum’s spinoff shows way to other firms in China
      850 19 Firm’s strategy allows its management of China business to tailor operations and products to changing local needs BLOOMBERG Shanghai GLOBAL consumer companies trying to find a business model for China’s burgeoning domestic market will be watching closely as one of the
      BLOOMBERG; PHOTO: BLOOMBERG  -  850 words
    • Article
      Lock icon BOA downgrades Nike, says firm has lost ground in innovation
      359 19 BLOOMBERG New York NIKE Inc shares fell to their lowest price in more than a year after Bank of America Corp (BOA) downgraded the company, saying it’s lost ground in a critical area: innovation. Competitors such as Adidas AG and
      BLOOMBERG  -  359 words
  • Page 19 Advertisements
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      497 19 Subscribe to THE STRAITS TIMES All-in-One Package at $29.90/month and enjoy the Samsung Galaxy S7 edge 4G+ from $0* with a StarHub 4G plan! CD J THi STR AITS TI M I S Factory output sees surprise 6.7% rise m nil SIR \IIS I IMIS I 3 lOI'SIOUII s m
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China is Indonesia’s No 3 investor as its FDI more than doubles
      544 20 BLOOMBERG Jakarta CHINA’S investment in Indonesia has more than doubled since 2015 as President Joko Widodo’s five meetings with President Xi Jinping in the past two years start to pay off. Foreign direct investment from China stood at
      BLOOMBERG  -  544 words
    • Article, Illustration
      Lock icon Bets are off for RBA rate cuts, but keep one eye on China
      541 20 BLOOMBERG Sydney AUSTRALIAN central bank Governor Philip Lowe gave his clearest sign yet he’s not hankering to cut the nation’s record-low cash rate. Mr Lowe’s upbeat economic growth outlook on Tuesday combined with a concession that house
      BLOOMBERG; PHOTO: REUTERS  -  541 words
    • Article
      Lock icon BOJ again pushes back its consumer price inflation target
      832 20  -  Central bank says 2% goal may not be achieved until some time during fiscal year 2018, which ends in March 2019 By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan’s (BOJ) Policy Board again pushed back its consumer price inflation target
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      Lock icon KL gives CCBC commercial banking licence
      554 20  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur AMID the flurry of multi-billion dollar deals between Malaysia and China being inked this week in Beijing, a unit of China Construction Bank Corporation Ltd (CCBC) has been granted a commercial bank licence by Malaysia. Malaysia’s finance minster
      PHOTO: REUTERS  -  554 words
    • Article, Illustration
      Lock icon Ex-Philippine president Ramos quits as special envoy to China
      517 20 REUTERS Manila THE Philippines’ former president Fidel Ramos has quit his job as special envoy to China, aides said on Tuesday, but the government has yet to act on his resignation, weeks after the current Philippine leader visited Beijing. President Rodrigo
      REUTERS  -  517 words
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      354 21 Unwind in style with the all-new 2-in-i Business Times Weekend From Saturday 8 October, the weekend edition will feature a luxury lifestyle magazine called Weekend that will be your slick, up-to-the-minute guide to the best in fashion, travel, food, design and more. Get your news fix too with the refreshed
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  • TRANSPORT
    • Article
      Lock icon IMO’s decision on sulphur will have big impact
      743 22  -  Industry groups say the decision to impose the cap in 2020 removes the uncertainty over the industry, but expect enforcement of the cap to be a big challenge STRAIT TALK BY DAVID HUGHES LAST week, the International Maritime Organization (IMO) took decisions
      743 words
    • Article
      Lock icon Business aviation faces slowdown: survey
      381 22  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore DEMAND for business jets is slowing in the near term thanks to weak global economic growth, a survey showed. According to Honeywell’s annual Global Business Aviation Outlook for 2016, up to 8,600 new business jets worth US$255 billion are
      381 words
    • Article, Illustration
      Lock icon Toyota finally charges up its battery options
      564 22 REUTERS Toyota City, Japan ENGINEERS at Toyota Motor Corp say they have tamed volatile lithium-ion battery technology, and can now safely pack more power at no significant extra cost, giving the Japanese carmaker the option to enter the growing all-electric car market. While
      REUTERS; PHOTO: REUTERS  -  564 words
    • Article
      Lock icon China’s domestic travel boom brings rush of new airlines and jet orders
      635 22 REUTERS Zhuhai, China CHINA’S appetite for planes and pilots is building up, whetted by a slew of new airlines launched in the last three years as local governments, private firms and larger carriers fight for a share of
      REUTERS  -  635 words
    • Article, Illustration
      Lock icon Merger reduces default risk of Japan’s shipping companies
      558 22 BLOOMBERG Tokyo THE president of Japan’s biggest carrier said on Monday that it was the sight of container businesses worldwide joining forces or collapsing that encouraged him to team up with his nearest local rivals. Default risk on the debt of Japan’s
      BLOOMBERG; PHOTO: BLOOMBERG  -  558 words
  • Page 22 Advertisements
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      26 22 Get rid of the new neighbours Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
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      2156 23 S-*- THE BUSINESS TIMES SHIPPING TIMES C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong ~Ho Chi Minh H o J e b e n g NYK RORO (ASIA) PTE. LTD.
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      245 23 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 108 BST228 03/11/2016 04/11/2016 Buatan/Buatan DAILY Marco Polo 138 TTS005 03/11/2016 04/11/2016 Tebing Tinggi/Jambi DAILY Marco
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  • OPINION
    • Article
      Lock icon Restoring retail investor confidence is key to reviving the stock market
      546 24 EDITORIAL THE poor state of the local stock market has been the subject of much discussion over the past 2-3 years. Declining liquidity, a rising tide of delistings and a dearth of large, good-quality replacements are among the problems
      546 words
    • Article, Illustration
      Lock icon Will the October Surprise change the ending?
      1380 24  -  The announcement that the FBI director would be reopening the investigation of Hillary Clinton’s use of her private e-mail server has sent a shockwave through US presidential race By Leon Hadar Washington TRYING to get a few laughs at the intersection of Election
      PHOTO: AFP  -  1,380 words
    • Article
      Lock icon The consequences of a Trump shock
      889 24  -  THE BOTTOM LINE By Simon Johnson TThe writer is a professor at MIT’s Sloan School of Management and the co-author of ‘White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You’. PROJECT SYNDICATE Washington WITH the US presidential election
      PROJECT SYNDICATE  -  889 words
    • Article
      Lock icon Coping with the rising regulatory bar for financial crime compliance
      939 25  -  COMMENTARY By Radish Singh T The writer is the anti-money laundering leader for Deloitte Southeast Asia. The opinions expressed in this article are her own ASK any financial institution (FI) leader in Singapore what keeps him or her awake at
      939 words
    • Article
      Lock icon Greying population is just a wave that will pass
      1003 25  -  COMMENTARY By John Gee T John Gee is a Singapore-based freelance writer DESPITE the continuing increase in the number of people in the world, with all the stress put on resources and the environment, planners in developed countries are these days
      1,003 words
    • Article, Illustration
      Lock icon Pensioners and populism: will it wane or gain momentum?
      1103 25  -  Most populist voters are neither poor nor unemployed; they are not victims of globalisation, immigration, and free trade. BY ANATOLE KALETSKY BY ANATOLE KALETSKY T The writer is Chief Economist and Co-Chairman of Gavekal Dragonomics and the author of Capitalism 4.0,
      PROJECT SYNDICATE; PHOTO: AFP  -  1,103 words
    • Article
      Lock icon KLW independent directors who quit not under CAD probe
      164 25 LETTER TO THE EDITOR WE refer to “Two independent directors quit KLW” (BT, Oct 31). We wish to clarify the following: IThe first paragraph states that two independent directors of doormaker KLW Holdings under investigation by the Commercial Affairs Department (CAD)
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  • Page 24 Miscellaneous
    • Miscellaneous
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      134 24 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)
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  • LIFE & CULTURE
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      Lock icon Picasso’s widow may have hidden art from family, court told
      743 26 Le Guennec, convicted last year along with his wife of possessing stolen goods, presented new version of events AFP Aix-en-Provence A RETIRED electrician who kept nearly 300 Pablo Picasso artworks in his garage for almost 40 years told a French
      AFP  -  743 words
    • Article, Illustration
      Lock icon Where Halloween candy goes, the day after
      1113 26 NYTIMES New York OVERWHELMED by candy? As Halloween has escalated from a quaint local custom into an all-out sugar grab, a post-holiday tradition is gaining momentum: candy buybacks and donation campaigns to absorb the huge surpluses. It started with paediatric dentists, who began
      NYTIMES; PHOTOS: NYTIMES  -  1,113 words
    • Article
      Lock icon Curly Putman, writer of country hits, dies at 85
      640 26 NYTIMES New York CURLY Putman, a songwriter whose teary ballad with a twist ending, The Green, Green Grass of Home, became a worldwide hit for Tom Jones in 1967, and whose long string of country classics included D-I-V-O-R-C-E for Tammy Wynette
      NYTIMES  -  640 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      337 26 CRYPTIC CROSSWORD Across 1 Essential spaniel’s in bed after going walkies (13) 10 Simpers, out to influence (7) 11 Head off disaster going to a party with fruit (7) 12 Willowy spruce (4) 13 Mr Runyan has a setback he’s domestically unstable (5) 14 Shakespeare is forbidden, we hear (4)
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  • EXECUTIVE MONEY
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      Lock icon Pension systems of Asian countries face reform pressure
      824 27  -  Their population is ageing rapidly while fertility rates are declining. BY BRIGITTE MIKSA BY BRIGITTE MIKSA T The writer is head of the Allianz retirement think tank International Pensions WEDGED between decreasing fertility rates at one end and growing life expectancy at
      Source: Allianz  -  824 words
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      Lock icon US equity investors take hint to hedge amid shifting election odds
      1023 27 S&P 500 remains in its narrowest range in seven weeks after Friday’s 20-point drop following FBI announcement BLOOMBERG New York AS the US presidential-election race narrows after last Friday’s surprise announcement by the Federal Bureau of Investigation (FBI), stock
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,023 words
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      Lock icon Bill Gross to revive total-return strategy at Janus
      786 27 BLOOMBERG Washington BILL Gross, faced with slow growth at his Janus mutual fund, is reviving the total-return strategy that made him one of Wall Street’s most famous bond managers. Janus Capital Group Inc is setting up a private total-return bond fund, to
      BLOOMBERG  -  786 words
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      Lock icon EMs’ IPO lull may end as mutual-fund flows revive
      702 28 Investors say firms in EMs are re-launching plans for public offerings BLOOMBERG London Emerging-market (em) share sales are tipped to rebound in 2017 from their slowest pace in more than a decade. Companies in developing nations excluding China are reviving plans
      BLOOMBERG; PHOTO: REUTERS  -  702 words
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      533 28 LOCK IN GOLD’S POTENTIAL BENEFITS in r.-.-i '•> ■*&**>*%&' Tv >k V I J KEY TO MITIGATING ns VOLATILITY i r m DIVERSIFY YOUR INVESTMENTS 087 SPDR® GOLD SHARES YOUR PORTFOLIO ALLY IN THE LONG RUN Gold has been one of the best investment stories in 2016. When markets are
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