The Business Times, 22 November 2016
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2016-11-22
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The Business Times
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Title Section22 2016-11-22 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 Tuesday, November 22, 201622 words
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Article26 2016-11-22 1 Monday Change STI 2,816.67 -21.98 KL Comp 1,627.28 +3.48 Nikkei 225 18,106.02 +138.61 Hang Seng 22,357.78 +13.57 Shenzhen B 1,156.70 -2.44 Dow(10.45am EST) 18,900.60 +32.6726 words
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Article192 2016-11-22 1 THE deep social divides laid bare by the recent US presidential election and the Brexit referendum must be avoided in Singapore by developing a sense of identity and togetherness, says PM Lee Hsien Loong and he notes that rebuilding such bridges will be very difficult. TOP STORIES 3192 words
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914 2016-11-22 1 Soon Weilun - BT-UniSIM survey was conducted after Brexit but before Trump won US election; economists expect mood to turn more sombre By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore A survey among businesses here has found that conditions improved for them in914 words
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Article, Illustration684 2016-11-22 1 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A TRANSFORMATION roadmap has been launched to help the hotel industry position itself for sustainable growth at a time when it is battling a competitive operating environment and manpower constraints. The four key pillars of the mapFILE PHOTO - 684 words
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353 2016-11-22 1 Nisha Ramchandani - B y Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) will reduce its weekly flights to Jakarta by five from Dec 1as directed by the Indonesian civil aviation authorities, which cited runway maintenance works at Jakarta Soekarno-Hatta International Airport. As353 words
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Page 1 Advertisements
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Advertisement40 2016-11-22 1 *****1 *****1 US PRESIDENT-ELECT Welcome to the Age of Trump OPINION 20 HOCK LOCK SIEW Online life insurance: jury still out on impact of MAS move COMPANIES MARKETS 6 Negotiations for Singapore Grand Prix still going on TOP STORIES 240 words
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Advertisement14 2016-11-22 1 OFFICE SPACE CLSA Capital Partners bags 77 Robinson Rd for S$530.8m REAL ESTATE 1214 words
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Advertisement16 2016-11-22 1 Editorial: TPP’s impasse paves the way for China to take lead on global trade, Page 2016 words
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TOP STORIES
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Article, Illustration1023 2016-11-22 2 Nisha Ramchandani - F1 boss’s tempering of his tougher words on Sunday comes amid change in ownership of the sport and question marks over the status of some race venues on the calendar NEWS ANALYSIS By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MUCH has been saidPHOTO: AFP - 1,023 words
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192 2016-11-22 2 Kuala lumpur MALAYSIA will stop hosting the Formula One (F1) Grand Prix race after its contract ends in 2018. Confirming this, Tourism and Culture Minister Mohamed Nazri bin Abdul Aziz said this was because F1 had become too expensive to host192 words
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Article, Illustration588 2016-11-22 2 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE Singapore sovereign wealth fund GIC will have a new chief executive officer (CEO) in Lim Chow Kiat, 46, from the new year. He is now the group’s chief investment588 words
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Article, Illustration533 2016-11-22 3 He notes rebuilding bridges will be very difficult; sense of identity and togetherness will help overcome divide APEC THE STRAITS TIMES Lima, Peru THE deep social divides laid bare by the recent US presidential election and the Brexit referendum must be avoidedTHE STRAITS TIMES; PHOTO: BLOOMBERG - 533 words
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630 2016-11-22 3 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo PARTNER countries in the Trans-Pa-cific Partnership (TPP) agreement still have ways to move forward with the ambitious economic cooperation scheme, even if president-elect Donald Trump’s opposition to it rules out US630 words
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617 2016-11-22 4 Chuang Peck Ming - Study of 3,800 firms with 1.3 million employees shows a fall in resignation rates; slight uptick in sick leave By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore MORE bosses are becoming caring and family-friendly and this is winning the loyalty of workers.617 words
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Article, Illustration621 2016-11-22 4 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MANAGED care provider Fullerton Healthcare Corp has shelved its mainboard initial public offering (IPO), citing market uncertainty. It said its move to defer the listing plans on the Singapore Exchange (SGX) came “despite significant interest from621 words
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Article, Illustration743 2016-11-22 4 R Sivanithy - By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore Singapore FUND managers are against the idea of dual class shares (DCS) but if the authorities here were to allow companies with DCS structures to list here, then according to AberdeenPHOTO: REUTERS - 743 words
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529 2016-11-22 4 Lee u-wen - By Lee u-wen leeuwen@sph.com.sg @LeeUwenBT Singapore MORE than 200 Spanish companies are now operating in Singapore, and the hope is that more of them will anchor their operations here and partner local firms to enter South-east Asia and the broader529 words
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Page 2 Advertisements
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Advertisement116 2016-11-22 2 EXECUTIVE EDUCATION <2> NUS National University of Singapore NUS BUSINESS SCHOOL GOOD LEADERS ARE BORN. BUT GREAT LEADERS ARE MADE. Sometimes o small difference makes all the difference. With our Executive Education programmes, a few days away from the office could prepare you for a much bigger role when you116 words
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Advertisement474 2016-11-22 3 Ctevdof Moviir poU-lA-licll h>Y <\ £&Ueir pM^rMlre, Discover new opportunities and write your own #skillsfuturestory i Which education and career path is suitable for you? Explore opportunities to build deep skills that enable you to grow. □I Education and Career Guidance Learning experiences and access to ECG counsellors are offered,474 words
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Advertisement13 2016-11-22 3 Sneakers show limits of trade policy in reviving jobs for Trump, Page 1913 words
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Advertisement26 2016-11-22 4 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 998826 words
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COMPANIES & MARKETS
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Article, Illustration677 2016-11-22 5 Lee Meixian - Except for periods of high growth and low inflation, S-Reits historically outperform the market on a total return basis By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore JEFFERIES on Monday issued a report with a contrarian bullish view on Singapore-listed real estate investment trusts (S-Reits),Source: Jefferies, Bloomberg - 677 words
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476 2016-11-22 5 Kenneth Lim - By kenlim@sph.com.sg Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A TRIO of real estate investment trusts (Reits) helped the Singapore initial public offering (IPO) market to bounce back from a dismal 2015 and capture South-east Asia’s largest share of proceeds in 2016,476 words
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636 2016-11-22 6 Andrea Soh - Open letter acknowledges financial restructuring efforts but says offer is “inequitable” By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore KRISENERGY’S financial restructuring efforts have hit a roadbump. Some noteholders are demanding higher coupon rates and a shorter extension period, and also asking the company636 words
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408 2016-11-22 6 Soon Weilun - Meanwhile, Swiber unveils potential US$10.25m sale of vessel pledged to DBS By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore AS it had indicated, beleaguered vessel operator Swissco Holdings has filed for judicial management (JM), becoming the second Singapore-listed offshore and marine (O&M) company to take this408 words
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CORPORATE DIGEST
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Article130 2016-11-22 6 MAINBOARD-LISTED Pacific Radiance announced after Monday trading hours the start of arbitration proceedings against two Chinese shipyard groups over two disputed shipbuilding contracts. The 50 per cent-owned joint venture of Pacific Radiance, CA Offshore Investment Inc (CAOI), issued two notices of arbitration on Nov 18 against Shanghai Waigaoqiao130 words
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Article91 2016-11-22 6 A CONSORTIUM comprising subsidiaries of Lian Beng Group Ltd, KSH Holdings Ltd, KOP Ltd and Centurion Global Ltd is looking to dispose the entire paid-up share capital of certain wholly-owned subsidiaries that are holding 17 strata office units in Prudential Tower, and also to settle a91 words
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442 2016-11-22 6 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore BOUSTEAD Projects Limited’s wholly owned unit has clinched a contract from JTC Corporation to develop a multi-tenanted business park at the Mediapolis. BP-DoJo LLP was awarded the site based on its innovative development concept442 words
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Article, Illustration316 2016-11-22 6 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore TEMASEK Holdings’ wholly owned subsidiary Fullerton Fund Management has appointed Patrick Yeo as its chief investment officer (CIO) based in Singapore. Mr Yeo, who joined Fullerton in 2005 and has more than 26 years of investment experience,316 words
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704 2016-11-22 6 CLAIRE HUANG - HOCK LOCK SIEW BY CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT THE jury is still out on how much of an impact there will be with Singapore’s regulator moving to allow the full suite of life products to be sold online and704 words
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399 2016-11-22 6 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE Singapore Exchange (SGX) on Monday queried mainboard-listed ISR Capital on its Al Maynard valuation report. It had questioned the company’s audit committee on the latter’s views about the consideration of S$40 million paid by ISR Capital399 words
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884 2016-11-22 7 Cai Haoxiang - US 10-year Treasury yields unlikely to exceed 3% in the next two years as Trump may not get his full way in spending policies, say Schroders fund managers BONDS By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT London THE sharp sell-off in bonds since the election884 words
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Article, Illustration645 2016-11-22 7 I FR Singapore CONTROVERSIAL private bank rebates in Asian bond issues could soon become a thing of the past, after UBS stopped indulging in the practice and banks in Singapore started disclosing details of the incentives they receive. Bookrunners routinely offerIFR; PHOTO: BLOOMBERG - 645 words
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Article, Illustration69 2016-11-22 8 STI Catalist Straits Times Index NOV 21, 2016 2,816.67 -21.98 (-0.77%) Current streak 1 day Day high 2,839.60 Day low 2,816.67 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) 3,100 2,900 2,700 2,500 FTSE ST Catalist Index NOV 21, 2016 455.35 +1.73 (+0.38%) Current streak 169 words
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Article75 2016-11-22 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 99.9 0.6 *****/***** DBXT MSTHAI US$ 1868 24.3 0.9 2107/1419 Lyxor ChinaH US$ 1343 20.0 1.1 1442/999 DBXT S&P500 US$ 3810 17.1 0.3 3810/3126 DBXT MSTaiwan US$ 2213 14.3 0.5 2345/1667 BY PERCENTAGE CLOSE UP 52w high/low SinoCloud 0.2 100.075 words
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Article72 2016-11-22 8 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -299.6 -1.7 *****/***** JMH USD 5544 -218.3 -2.7 6371/4500 DBXT E50 US$ 4304 -122.7 -2.0 4797/3918 DBXT MSKorea US$ 5334 -55.7 -0.7 6041/4629 JSH USD 3351 -40.0 -0.8 3605/2524 BY PERCENTAGE CLOSE DOWN 52w high/low MYP R 0.3 -70.072 words
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Article81 2016-11-22 8 VOL CLOSE($) CHANGE China Jishan 152.0 0.030 +0.005 +20.00 Hoe Leong 1,281.0 0.013 -0.002 -13.33 TA 304.0 0.210 -0.055 -20.76 Metech Intl 52,935.1 0.004 +0.001 +33.33 Ziwo 311.0 0.019 +0.003 +18.75 AA 5,956.0 0.089 +0.009 +11.25 TCIL HK$ 5,526.0 2.450 +0.100 +4.26 Asian Micro 250.0 0.010 -0.003 -23.0881 words
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Article, Illustration623 2016-11-22 8 R Sivanithy - ST Index falls almost 22 points, with Singtel providing the biggest drag and Genting giving the biggest support TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index rose 24 points last week in tandem with a Wall Street banking on US President-elect Donald Trump beingSource: Bloomberg - 623 words
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Article307 2016-11-22 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 229 -2 231/226 257 209 6.7 6419.4 CapitaCom Trust 147 -3 150/145 164 127 5.9 4356.3 CapitaLand 298 -3 303/297 340 280 11.9 3 *****.3 CapitaMall Trust 188.5 -6 195/188 225 185307 words
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Article35 2016-11-22 8 VOLUME Equation 110,433,700 Noble 101,333,500 Genting Sing 94,679,000 Golden Agri-Res 59,923,900 Metech Intl 52,935,100 Market volume 1,786,216,000 VALUE Singtel 120,701,875 Genting Sing 91,793,051 DBS Grp 90,351,093 UOB 62,296,470 ComfortDelGro 59,447,393 Market value 1,261,659,00035 words
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Article77 2016-11-22 8 Nov 21 VALUE CLOSE BT OB/OS -354.00 -182.00 BT CADI -*****.00 -79.00 BT 10-day MA -*****.00 -35.00 FTSE ST Mid Cap 673.11 -6.83 FTSE ST Small Cap 379.00 -0.93 FTSE ST All Share 692.59 -5.50 FTSE ST China Top 156.46 -0.11 FTSE ST China 193.48 -0.61 FTSE77 words
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Article107 2016-11-22 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US642 -11 263 654/642 772/441 642/644 80.3 STI ETF 288 189 289/287 300/254 287/288 ABF SG Bond ETF 115.5 -0.2 69 115.8/115.4 120.1/112.1 115.5/115.6 527.2 DBXT MSRussia US$ US217 +4 63 217/214107 words
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Article, Illustration36 2016-11-22 8 STI FTSE ST All-Share FTSE ST All-Share index NOV 21, 2016 692.59 -5.50 (-0.79%) Current streak 1 day Day high 697.67 Day low 692.59 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)36 words
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Article, Illustration33 2016-11-22 8 STI MSCI EAFE MSCI EAFE index NOV 18,2016 1,614.17 -18.49 (-1.13%) Current streak 1 day Day high 1,629.31 Day low 1,614.17 52-week high 1,755.96 (NOV 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-11-22 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 6 0 0 0 3 6 6 Manufacturing 31 41 24 10 12 9 41 53 33 Commerce 13 26 11 5 5 5 18 31 16 Tpt/Stor/Comms 9 17 5186 words
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Article121 2016-11-22 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,969 13,969 43,191 43,191 Manufacturing 94,464 264,970 359,434 86,939 4,871 91,810 Commerce 136,519 17,813 154,332 97,761 301 98,061 Tpt/Stor/Comms 154,848 101 154,949 264,647 8 264,655 Finance 42,280 365 42,645 235,311 55 235,365 Construction 18,737 12,497121 words
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BROKERS’ TAKE
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Article129 2016-11-22 8 Singapore Hospitality Neutral OCBC Investment Research, Nov 21 For the hospitality counters we cover, Q3 2016 DPU growth ranged from -2.5 per cent to -7.4 per cent year on year, after adjusting for one-off items and equity financing. Looking ahead to FY2017, with a forecast 6.1 per cent growth in129 words
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Article143 2016-11-22 8 DBS Group Research, Nov 21 Can buybacks drive better returns? While there are proponents both for and against the use of share buybacks, we believe that in times of macro uncertainty, buybacks if executed properly, could provide some support for share prices as they send positive signals about143 words
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Article191 2016-11-22 8 Jamie Lee - Thai Beverage Add Compiled by Jamie Lee Target price: S$1.14 Nov 21 close: S$0.88 CIMB Group Research, Nov 18 We think this is a quarter where we are seeing an element of slightly overstocked channels impinging spirits sales, yet still elevated levels of expenses as ThaiBev continues to invest in191 words
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392 2016-11-22 9 CURRENCIES REUTERS London THE euro rose from an 11-month low against a broadly weaker US dollar on Monday, with political developments seen by some as making next year’s French and German elections less uncertain, giving some support to the currency. Former French presidentREUTERS - 392 words
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FOREX RATES
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Article471 2016-11-22 9 Nov 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.988 5.063 0.691 5.695 50.054 98.640 0.815 8.698 3.246 1.045 76.944 36.640 1.048 10.554 0.741 23.478 26.079 0.595 0.734 Canada 1.012 5.124471 words
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Article155 2016-11-22 9 NOV 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0475 1.0481 0.7341 0.7343 Canadian dollar 1.0602 1.0606 0.7431 0.7430 Euro 1.5164 1.5173 1.0627 1.0630 NZ dollar 1.0015 1.0029 0.7019 0.7026 Sterling pound 1.7604 1.7614 1.2337 1.2340155 words
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Article22 2016-11-22 9 NOV 21 S$ Bid Offer 1-month 1.4268 1.4276 2-months 1.4267 1.4274 3-months 1.4269 1.4277 6-months 1.4266 1.4279 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article380 2016-11-22 9 Nov 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov16 *****.50 *****.00 *****.00 *****.00 *****8 *****2 Dec16 *****.50 *****.50 *****.00 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar17 *****.00 *****.00 *****.00 *****.00 1047 8218 MSCI TAIWAN380 words
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209 2016-11-22 9 Most active Nov 21 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.4 unch ***** 1 1 17 3.00 9 FTSEChinaA50 ***** MBeCW*****9 8.8 0.7 3532 0.0 1 OCBC BK MB ECW*****6 6 -0.6 3193 0.1209 words
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377 2016-11-22 9 In local curr In S$ In US$ dy yr dy yr dy yr Nov 18 Index Change Change Change Change Change Change World Preliminary 1316.1 -0.2 3.0 0.2 2.7 -0.6 2.1 EAFE Preliminary 980.0 -0.1 -3.3 -0.4 -5.4 -1.1 -5.9 Europe Preliminary 1380.8 -0.4 -2.3377 words
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BANK RATES
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Article154 2016-11-22 9 Nov 21 $S Offer Bid 0vernight 0.03 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.02 US$ 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 1.30 1.10 9 months 1.50 1.30 12154 words
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Article69 2016-11-22 9 Nov 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.05 105.04 105.02 5-Year N*****0Z 1.250 01-Oct-21 97.71 97.75 97.70 10-Year NX*****F 2.125 01-Jun-26 98.13 98.20 97.85 15-Year NZ*****F 2.875 01-Sep-30 101.97 101.65 101.55 20-Year NZ*****X 2.250 01-Aug-36 92.1169 words
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AGRI METALS ENERGY
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Article250 2016-11-22 9 Nov-18 Price Net change change Last Trade Agricultural Nov-18 CBOT Soybeans (US cents/bu) 993.75 4.25 0.43% 13/01/2017 CBOT Soybean Oil (US cents/lb) 34.05 0.35 1.04% 14/12/2016 CBOT Wheat (US cents/bu) 408.00 5.00 1.24% 14/12/2016 Nov-18 LIFFE Cocoa (£/tonne) 2057.00 26.00 1.28% 13/12/2016 LIFFE Coffee (US$/tonne) 2201.00 -19.00 -0.86%250 words
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Article1846 2016-11-22 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 127 AIMSAMP Cap Reit 127.5 -0.5 1191 130 127 0.9 8.9 812.5 C'vr 172.5 101 ARA Asset Mgmt 170.5 unch 52921,846 words
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Article330 2016-11-22 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div 5 1.7 t Acesian Partners 2.3 unch 1300 2.3 2.3 3.2 8.6 Net 0.5 0.1 t Advanced Systems 0.2 unch 0 0.2 0.2 5.3 46.5 29.5 t330 words
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Article145 2016-11-22 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 905 736 CIMBASEAN40 US$ US814 -2 0 814 814 127.7 ('000) 422 190 DBXT MSBrazil US$ US363 +7 43 363 361 1388 995 DBXT MSCHINA US$ US1275 +3145 words
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Advertisement842 2016-11-22 7 Advertorial Transforming patient care in the digital age Digital technology a disruptive solution to global healthcare challenges Like most other industries, healthcare is in the midst of a digital transformation. The latest digital technologies are changing the way we deliver healthcare and how we manage population health, improving care while842 words
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Advertisement9 2016-11-22 8 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement98 2016-11-22 10 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 published98 words
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Advertisement155 2016-11-22 11 CFA SINGAPORE CONGRATULATES OUR NEWEST CHARTERHOLDERS These 296 exceptional individuals have successfully completed all three levels of the CFA Programme and worked as investment professionals for a minimum of four years. As CFA charterholders, they are prepared to lead the financial industry in pursuit of excellence, having demonstrated comprehensive knowledge155 words
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REAL ESTATE
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Article, Illustration686 2016-11-22 12 Kalpana Rashiwala - SEB ImmoInvest fund sells the property for S$1,810 psf; site has 76-year balance lease By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore Singapore THINGS have come full circle for CLSA Capital Partners at 77 Robinson Road. BT understands that it has inked aFILE PHOTO - 686 words
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246 2016-11-22 12 REUTERS Tokyo CHINA’S Anbang Insurance Group Co is in talks to buy as much as US$2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s biggestREUTERS - 246 words
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Article, Illustration773 2016-11-22 12 Lee Meixian - It has hospitality projects in Cambodia and an industrial park in iskandar Malaysia’s Nusajaya By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore HOMEGROWN but Australia-listed real estate developer Kingsland Global wants to accomplish more with its development business in emerging markets. Perhaps, when itFILE PHOTO - 773 words
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Page 12 Advertisements
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Advertisement167 2016-11-22 12 Rare Freehold Riverfront Development Site 1177 Serangoon Road For Sale By Tender Single Owner savills 3 View 360° sav.li/1177srr > Steven Ming 9004 0518 Suzie Mok 9639 1032 savills.com.sg Site Area: 2,945.5 sq m Residential at GPR 2.8 Development Baseline: 7,363.75 sq m 1 Potential GFA: 8,247.4 sq m 83167 words
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Advertisement174 2016-11-22 12 savills Wr J 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 Near future high-speed rail terminal Amidst exciting new, growth area 1 Adjacent to park and reservoir 1 Prominent with174 words
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Advertisement100 2016-11-22 12 Street Level Commercial Space in Core CBD Strata area: 13,067 sq ft Prominent frontage of 45m Sheltered access from Tanjong Pagar MRT station F&B use can be allowed For Sale by Expression of Interest Exercise. Closing Wednesday, 30 November 2016,3pm For further information, please contact: Ong Zhen Hao 6393 2380100 words
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Advertisement103 2016-11-22 13 Do you have the agility to be the next Businessman of the Year? Having the agility to ride the waves of change is one of the key qualities that set a true leader apart. Now into its 32nd year, Singapore Business Awards is on the lookout for the next Businessman103 words
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BANKING & FINANCE
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Article, Illustration768 2016-11-22 14 KL’s attempts to cajole traders to stop selling down its plunging currency remind investors of earlier measures BLOOMBERG Kuala Lumpur MALAYSIA’S attempt to cajole currency traders to stop selling down its plunging ringgit is evoking memories of 1998 capital controls among global banks aBLOOMBERG; PHOTO: REUTERS - 768 words
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535 2016-11-22 14 Policymakers mulling over letting lenders use their UK-approved internal risk models for the time being BLOOMBERG London FINANCE executives planning to shift operations out of the UK because of Brexit have been told by European Central Bank (ECB) officials not toBLOOMBERG - 535 words
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487 2016-11-22 14 The move also fulfils a regulatory requirement to make banks easier to break up in a crisis BLOOMBERG Zurich CREDIT Suisse Group AG’s Swiss unit began life as a legally independent company, enabling the bank to pursue plans to sellBLOOMBERG - 487 words
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386 2016-11-22 14 BLOOMBERG London IT’S a new era for Europeans who for eight years got accustomed to watching companies with the worst balance sheets do nothing but rally. Now those stocks are getting crushed by rising bond yields, a trend strategists see continuing. CompaniesBLOOMBERG - 386 words
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Advertisement79 2016-11-22 14 CHINESE NEW YEAR FAIR AT THE NALLS! 11-26 JAA 2017 Join us at the malls and showcase your Chinese New Year goodies and delicacies! Participating Malls include: AMK Hub Century Square Hougang Mall Junction 8 Jurong Point Liang Court Lot 1 Shoppers Mall Tampines One Thomson Plaza Tiong Bahru Plaza79 words
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Advertisement4 2016-11-22 14 最最最 zaobao.com.sg/zvideos/zbkeywords4 words
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Advertisement411 2016-11-22 14 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERNATIONAL GAS EQUIPMENT PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****9984D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 57 Ubi Avenue411 words
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ENERGY & COMMODITIES
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730 2016-11-22 15 Declining costs of renewable electricity and new push by Jakarta to develop renewables are changing picture REUTERS Jakarta A WELL-CONNECTED Indonesian marine renewable energy company and OpenHydro, a unit of French state-owned naval defence company DCNS, aim to beREUTERS - 730 words
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539 2016-11-22 15 BLOOMBERG Beijing CHINA is continuing to loosen mining policies that caused global coal prices to surge this year, temporarily reversing some output restrictions and encouraging production to ease tight supply through winter. The latest guidance given by regulators last weekBLOOMBERG - 539 words
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Article, Illustration499 2016-11-22 15 BLOOMBERG Lima RUSSIAN President Vladimir Putin says he sees no obstacles to the Organization of the Petroleum Exporting Countries (Opec) reaching an agreement later this month, and Russia is willing to freeze its crude oil output at current levels asBLOOMBERG - 499 words
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Page 15 Advertisements
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Advertisement2244 2016-11-22 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg ASIA FASHION HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (this “Annual General Meeting”) of Asia Fashion Holdings Limited (the “Company”) will be held at Maxwell Chambers2,244 words
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Advertisement172 2016-11-22 15 In the Matter of The Companies Act, Cap. 50 And In the Matter of (1) CAPITARETAIL VS INVESTMENT PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****3375K) (2) CAPITAMALLS JAPAN FUND PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****4533C) NOTICE OF FINAL GENERAL MEETINGS NOTICE IS HEREBY172 words
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Advertisement188 2016-11-22 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LEARNTOPLAYMUSIC.COM PTE. LTD. (IN MEMBER’S VOLUNTARY WINDING UP) Company Registration No. *****1942H NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the188 words
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TECHNOLOGY
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Article, Illustration850 2016-11-22 16 Such a machine could tackle problems beyond the reach of today’s digital computers NYTIMES San Francisco MICROSOFT is putting its considerable financial and engineering muscle into the experimental field of quantum computing as it works to build a machine that could tackle problemsNYTIMES; PHOTO: NYTIMES - 850 words
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404 2016-11-22 16 BLOOMBERG Seoul SNOW, a Snapchat clone that’s conquering Asia, is now setting its sights beyond the region, betting that it can attract users with stickers that sometimes border on the bizarre. While Snow, based in Bundang, South Korea, mostly replicates Snapchat’sBLOOMBERG - 404 words
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Page 16 Advertisements
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Advertisement477 2016-11-22 16 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! THE STRAITS TIMI m mi sikmisiimis a* a fFS Factory output sees surprise 6.7% rise with sign-up of a 2-year StarHub 4G 6 Plan (U.RS129) FREE477 words
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CONSUMER
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Article, Illustration887 2016-11-22 17 It is sticking to selling no-frills clothes in the country’s moribund economy BLOOMBERG Tokyo NO-FRILLS fashion. Cheap and cheerful. Call it what you will, Shimamura Co has a money-making formula for selling clothes in Japan’s moribund economy. Growth in operating income atBLOOMBERG; PHOTO: BLOOMBERG - 887 words
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636 2016-11-22 17 BLOOMBERG New York THE Financial Times is in talks to buy companies that strengthen its digital subscription business as the newspaper capitalises on greater financial support from its new owner, Japan’s Nikkei Inc, FT chief executive officerBLOOMBERG - 636 words
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Page 17 Advertisements
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Advertisement1159 2016-11-22 17 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TONG GARDEN HOLDINGS PTE. LTD. (In Members’ Voluntary Liquidation) (Company Registration No. *****2686E) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held pursuant to Section1,159 words
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Advertisement1681 2016-11-22 17 deoloor DECLOUT LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****7764W) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same meaning as used in the circular dated 22 November 2016 issued by the Company (the “Circular1,681 words
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Advertisement472 2016-11-22 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INOVA VENTURE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****6767H) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Inova Venture Pte Ltd duly convened and held on the 16th day of November 2016,472 words
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TRANSPORT
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619 2016-11-22 18 It sees bumpier future as president-elect translates his promises into new policies on trade, tariffs and regulation BLOOMBERG Southfield, Michigan FORD Motor Co, cutting its 2017 profit forecast for the second time in three months, said it sees a bumpierBLOOMBERG - 619 words
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Article, Illustration480 2016-11-22 18 AFP Kuala Lumpur RELATIVES of MH370 passengers will travel to Madagascar next month in hopes of re-kindling efforts to find and recover seaborne debris from the ill-fated Malaysia Airlines jet, next-of-kin association Voice370 said on Monday. The BoeingAFP; PHOTO: BLOOMBERG - 480 words
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1073 2016-11-22 18 Christopher Elliott - But observers frown on bad-faith practices, which increase long term costs By Christopher Elliott T The writer is a consumer advocate, journalist and co-founder of the advocacy group Travelers United. WP Washington FOR better or worse, travellers are turning toWP - 1,073 words
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Page 18 Advertisements
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Advertisement228 2016-11-22 18 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 to228 words
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Advertisement34 2016-11-22 18 Thesmallest felineisa masterpiece. Artist Leonardo da Vinci Limited Edition Colour your own masterpiece today. FORLOCAL POSTAGE PREPAID COLOURING POSTCARD BOOK COLOURING POSTCARD BOOK prepaid POSTINGONLY Now on sale at all leading bookstores and www.stpressbooks.com.sg34 words
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Advertisement48 2016-11-22 18 HOT PROPERTY Y OPEN-2PM BOEING THE Sun- flower Office 1787sf Heritage bldg (FH) Ctrl-locale near Guillemard/MRT @$1.5M MAXWELL HOUSE OFFICE Squarish 990sf Accessibility Amenities. Selling with 2 years of 3.5% rental yield. OFFICE SPACES FOR SALE Check out these properties and more in The Straits Times Classified now!48 words
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GOVERNMENT & ECONOMY
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Article, Illustration1033 2016-11-22 19 Most lost manufacturing jobs aren’t coming back to the US, but higher costs for consumers could REUTERS Washington AMERICAN companies from appliance makers to car parts suppliers have queued up to offer a quiet caution to President-elect Donald TrumpREUTERS; PHOTO: AFP - 1,033 words
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Article, Illustration605 2016-11-22 19 REUTERS BLOOMBERG London PRIME Minister Theresa May pledged on Monday to address business concerns that Britain could fall off a “cliff edge” into uncertain trading conditions after leaving the European Union (EU) as part of her “Brexit” negotiation. It was theREUTERS; BLOOMBERG; PHOTO: AFP - 605 words
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268 2016-11-22 19 Fiscal policies that improve output can help address some disappointing aspects of current recovery, he adds AFP Washington PROPERLY directed government spending including infrastructure spending as US President-elect Donald Trump has promised can boost the economy’s productive capacity, Federal Reserve vice-chair StanleyAFP - 268 words
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378 2016-11-22 19 BLOOMBERG Tokyo JAPANESE Prime Minister Shinzo Abe’s government is pushing for a greater role for fiscal policy next year, according to draft guidelines for the 2017 budget seen by Bloomberg. The government handed over the document for Japan’s initialBLOOMBERG - 378 words
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483 2016-11-22 19 REUTERS Bangkok THAILAND’s economy grew less than expected in the third quarter on slower consumption and government spending but early signs of an export recovery may help put growth on a firmer footing next year. The central bank isREUTERS - 483 words
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OPINION
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675 2016-11-22 20 EDITORIAL THERE appears to be a glimmer of hope for the stalled Trans-Pacific Partnership (TPP) agreement. Just when it seemed that the mega free trade pact involving 12 Pacific Rim nations was dead in the water after675 words
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Article, Illustration1569 2016-11-22 20 Leon Hadar - he many critics of the US president-elect need to stop demonising him and his supporters By Leon Hadar THE folks at the hip Rolling Stone magazine sounded a bit hysterical last week. They ran the headline “Trump Ditching Reporters Is a Terrifying Red Flag”PHOTO: AFP - 1,569 words
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Article, Illustration696 2016-11-22 20 Robert J Samuelson - THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington ELECTIONS regularly inspire an orgy of hype and so it is with this one. The Democrats are in disarray, it’s said. Unless they’re enormously skillful or lucky, they risk becoming a minority party indefinitely. BeTHE WASHINGTON POST WRITERS GROUP - 696 words
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1059 2016-11-22 21 John Prescott, Andrew Hammond - COMMENTARY By John Prescott, Andrew Hammond T The writers are respectively a former UK deputy prime minister and Europe’s chief negotiator for the Kyoto Protocol, and an associate at the Centre for International Affairs, Diplomacy and Strategy at the London School of1,059 words
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Article, Illustration746 2016-11-22 21 Anthony Rowley - By Anthony Rowley GLOBALISATION a term which implies integration of the global economy rather than any universal brotherhood of man was in trouble even before Donald Trump notched his upset victory in the US presidential election, and now it is in746 words
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Article, Illustration1345 2016-11-22 21 HUMPHREY HAWKSLEY - Institutions must be overhauled to be recognised by all parties; govts must accept the concept despite short-term strategic interests. BY HUMPHREY HAWKSLEY BY HUMPHREY HAWKSLEY T The writer is formerly the BBC’s Beijing bureau chief and author of The Third world war:PHOTO: REUTERS - 1,345 words
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Page 22 Advertisements
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Advertisement998 2016-11-22 22 THE BUSINESS TIMES Shipping times FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 16/16 25/11 27/11 BELITUNG/PKL BALAM SRIJAYA 8 30/16 24/11 26/11 JAMBI/PEKAN BARU CARAKA JN 3 II 17/16 23/11 25/11 PALEMBANG/PANJANG FAJAR MAS 12/16 23/11 25/11 BELAWAN/MALAHAYATI INDONESIA JAVA SULAWESI PORTS998 words
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LIFE & CULTURE
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Article, Illustration1195 2016-11-22 23 Movie collects a solid US$75m in ticket sales in N America and an additional US$143.3m in partial release overseas; reviews are strong NYTIMES Los Angeles WARNER Bros and JK Rowling pulled off an exceptionally difficult magic trick overNYTIMES; PHOTO: WARNER BROS; PHOTOS: WARNER BROS - 1,195 words
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Article, Illustration736 2016-11-22 23 Ariana Grande wins the top award of Artist of the Year; rapper Drake, up for a record 13 awards, bags four AFP Los Angeles GREEN Day led a furious chant against Pres-ident-elect Donald Trump on Sunday at the American Music Awards,AFP; PHOTO: AFP - 736 words
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Page 23 Miscellaneous
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Miscellaneous323 2016-11-22 23 CRYPTIC CROSSWORD Across 1 Easiest word that may be misspelt (8) 6 It’s not intended for the understanding of our betters (3-3) 9 Undaunted, he leads or retreats in command (6) 10 Clear new translation for writer, one associated with Arabia (8) 11 Leg bound to be broken by heavy323 words
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SME
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Article, Illustration1031 2016-11-22 24 MORTEN BENNEDSEN - The best way family-run enterprises can safeguard their assets from turning into liabilities is to institutionalise innovation. BY MORTEN BENNEDSEN BY MORTEN BENNEDSEN T The writer is The André and Rosalie Hoffmann chaired professor of Family Enterprise at insead and academic director ofPHOTO: FREEIMAGES - 1,031 words
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Article, Illustration1024 2016-11-22 24 Kelvin Teo - By Kelvin Teo T The writer is the co-founder of Funding Societies. Singapore IN August, the Ministry of Trade and Industry narrowed the economy growth forecast to between one and 2 per cent, down from between one and 3 per cent. SingaporePHOTO: FREEIMAGES - 1,024 words
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