The Business Times, 25 November 2016

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Total Pages: 28
1 28 The Business Times
  • 22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes S$1.20 CO REGN NO *****2868E MCI (P) 052/08/2016 Friday, November 25, 2016
    22 words
  • Article, Illustration
    222 1 Singapore’s non-oil domestic exports are down 5.4 per cent year-on-year in July-September, steepening the 0.2 per cent dip in the second quarter. TOP STORIES 2 Temasek-backed Pavilion Energy is urging the liquefied natural gas industry to develop LNG ecosystems, ahead of a rise in demand for the fuel.
    222 words
  • 24 1 Thursday Change STI 2,843.72 +4.03 KL COMP 1,624.21 -6.17 NIKKEI 225 18,333.41 +170.47 HANG SENG 22,608.49 -68.20 SHENZHEN B 1,157.45 +0.66 DOW CLOSED
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  • 555 1  -  Others nabbed in Singapore’s largest securities fraud case include Quah Su-Ling and Goh Hin Calm By kenlim@sph.com.sg Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A NUMBER of individuals who were under investigation for the 2013 penny stock crash were
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  • 776 1  -  Ministry of Trade and Industry sees 2017 full-year growth coming in at 1-3%, says political risks and uncertainties have risen By soonwl@sph.com.sg Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore EVEN as Singapore’s economy seems to be picking itself up for
    Source: Department of Statistics  -  776 words
  • Page 1 Advertisements
    • 28 1 *****1 *****1 THE BUSINESS TIMES Stylish living has a new address \m? ASCOTT Check in to the heart of Orchard Road from 1 December 2016 www.the-ascott.com THE RESIDENCE
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    • 12 1 DINING OUT Meaty repast at one Michelinstarred Kam’s Roast BT LIFESTYLE 27
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    • 82 1 CODE ON TAKEOVERS MERGERS OSIM offeror, advisers in breach over errant purchases companies markets 6 PRIME PICKINGS 3 homes off Orchard Road sell for S$190.5m REAL ESTATE 16 ROLEX AWARDS FOR ENTERPRISE 2016 Supporting the work of passionate individuals in the fields of environment, exploration, science and applied technology BT
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  • TOP STORIES
    • 747 2  -  Public policies should concentrate on regeneration, productivity and education, he says By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore GOING global and keeping the economy open are the only positive ways for a country to advance and to save the system that
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    • 650 2  -  Slightly more upbeat outlook for 2017; non-oil domestic exports in Q3 down 5.4% year on year SINGAPORE ECONOMY By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore NON-OIL domestic export (NODX) performance for the full year is likely to be worse than the government earlier
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    • 694 2  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore MANUFACTURING surprisingly became a source of support in Singapore’s third-quarter economic growth, even as signs of stress emerged in the services sector. Though the numbers enabled an upward revision of Q3 gross domestic
      Source: Ministry of Trade and Industry  -  694 words
    • 425 2  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore THE iSprint scheme, which helps local small and medium-sized enterprises (SMEs) defray costs of automating their business functions through information technology, has been found to be effective in helping firms raise their revenue, according to a study by
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    • 805 4  -  It says the sector should design turn-key LNG solutions in order to build whole LNG ecosystems for emerging markets By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore TEMASEK-backed Pavilion Energy on Thursday urged the liquefied natural gas (LNG) industry to develop LNG ecosystems,
      PHOTO: PAVILION ENERGY  -  805 words
    • 663 4 BLOOMBERG Bangkok ASIAN currencies’ drop to the weakest this decade will probably deter regional central banks from easing monetary policies as the prospects of higher US rates spurred capital outflows. Indeed, they are more likely to be stepping in to
      BLOOMBERG; PHOTO: REUTERS  -  663 words
    • 540 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore FRAGRANCE-and-flavour company Givaudan has expanded its flavour innovation centre in Singapore to gain an edge in addressing regional trends in the food-and-beverage (F&B) sector. It has put S$7.5 million into its Singapore Flavour Innovation Centre
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    • 699 4 NYTIMES Washington WHEN Federal Reserve officials convened just before the US presidential election, they talked like people who were ready to raise interest rates although they decided to wait a little longer. They fretted about the growing risks of keeping borrowing
      NYTIMES  -  699 words
    • 446 4 BLOOMBERG Hong Kong AN oil price surge triggered by a successful Opec agreement to cut production could be snuffed out as supply surges back, according to the head of International Energy Agency. If Opec members agree to limit
      BLOOMBERG  -  446 words
    • 514 5  -  But the market remains anxious about a possible Fed rate hike and how US-Asia ties will shape up under Trump By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE overall performance of unit trusts and investment-linked insurance products (ILPs) included under the Central Provident
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    • 426 5 BLOOMBERG Beijing CHINA wants to seal the deal on a trade agreement with South-east Asian countries as soon as possible with a US-led pact now in doubt, a Ministry of Commerce official said Thursday. The country will work with the
      BLOOMBERG  -  426 words
    • 357 5 BLOOMBERG Jakarta INDONESIA has its eyes set on Facebook Inc as its next target for a tax crackdown as it nears a settlement with Google Inc. Facebook, which counts more than 88 million Indonesians among its users, owes about two trillion rupiah (S$211.2
      BLOOMBERG  -  357 words

  • Page 3 Advertisements
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  • Page 5 Advertisements
    • 69 5 Maritime Singapore represents the diverse and vibrant eco-system of Singapore's maritime industry. The industry plays a vital role in global trade and contributes 7% to Singapore's GDP. With over 5,000 maritime establishments and more than 170,000 professionals, a sea of opportunities awaits MARITIME Singapore you at Maritime Singapore. industry rid
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  • COMPANIES & MARKETS
    • 628 6  -  But they are spared further action by SIC because of prompt remedial measures and compensation to shareholders By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Securities Industry Council (SIC) has found the offeror which took OSIM International private this year in breach of
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    • CORPORATE DIGEST
      • 103 6 KRISENERGY reiterated on Thursday that the terms it has proposed for the restructuring of its notes are final. In an exchange filing, the oil and gas exploration and production firm said that it has sought the feedback of noteholders before the consent solicitation exercise was launched, and taken into
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      • 79 6 YUUZOO on Thursday announced a new investment into movie studio Relativity Media, in which it had acquired a 33.3 per cent stake for US$27.5 million last month. YuuZoo executive chairman Thomas Zilliacus said that the deal will result in a “significantly wider and deeper partnership than originally discussed” and
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    • 1220 6  -  Less than stellar results of Singapore telcos a symptom of fundamental changes taking place in industry HOCK LOCK SIEW BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT WITH the current reporting season over, a look at the performance of the three Singapore telcos for the quarter
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    • 610 6  -  Joint-venture service will focus significantly on local content By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IN somewhat of a plot twist, Singtel on Thursday launched its video-on-demand service HOOQ in Singapore even as Singtel said that HOOQ’s focus will remain on emerging markets,
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    • 590 7  -  Revenue rises 18% on sustained growth at existing hospitals and contribution from new hospitals By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IHH Healthcare Berhad on Thursday reported a 46 per cent jump in net profit to RM173.3 million (S$56.3 million) for
      590 words
    • 302 7 REUTERS Kuala Lumpur MALAYSIA’S biggest lender Malayan Banking Berhad (Maybank) said on Thursday it had cut its loan growth projection for the current financial year, after posting a drop in third-quarter profit hurt by a higher tax charge. Net profit for July-September
      REUTERS  -  302 words
    • 701 7  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore AMID the slow hum of economic growth, the urgent call for Singapore companies to go regional got another boost on Thursday as IE Singapore and UOB inked a partnership to open up business networks within
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    • 347 7  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE founder of Advanced Integrated Manufacturing Corp Ltd (AIM) has proposed to take the group private at 21 Singapore cents per share in a voluntary delisting offer, 11 years after he brought the
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    • 319 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore TO drive transformation to deal with the challenges of digital disruption, Singapore Telecommunications (Singtel) is making two key appointments to its leadership team. From April 1, 2017, Mark Chong will assume the role of Singtel’s group
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    • Article, Illustration
      64 8 STI Catalist Straits Times Index NOV 24,2016 2,843.72 +4.03 (+0.14%) Current streak 3 days Day high 2,852.34 Day low 2,813.78 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index NOV 24, 2016 453.71 -0.82 (-0.18%) Current streak 2 days Day high 454.82 Day
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    • 651 8  -  Fall in prices overnight puts pressure on oil and gas stocks; SGX queries ISR and Hosen Group STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A LARGE jump in Singtel’s shares helped the Straits Times Index post a 4.03point rise to 2,843.72 on Thursday
      Source: Bloomberg  -  651 words
    • 307 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 unch 231/228 257 209 6.7 6447.5 CapitaCom Trust 147.5 -0.5 148/146 164 127 5.8 4371.1 CapitaLand 301 -1 302/298 340 280 12 3 *****.5 CapitaMall Trust 192 -0.5 192.5/191 225 185
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    • 37 8 VOLUME Noble 121,154,800 QT Vascular 67,937,100 Singtel 58,185,500 Blumont 57,018,300 Golden Agri-Res 55,899,100 Market volume 1,323,868,000 VALUE Singtel 214,402,264 DBS Grp 81,951,017 OCBC Bank 66,050,701 UOB 52,835,686 IS MS INDIA US$ 45,398,557 Market value 1,160,277,000
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    • 108 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US642 -5 4911 645/640 772/441 642/646 80.3 STI ETF 289 +1 406 290/287 300/254 289/290 ABF SG Bond ETF 114.9 -0.6 246 115.3/114.9 120.1/112.1 114.5/115.1 524.5 DBXT MSPHILS US$ US176.5 -1.1 175
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    • 77 8 Nov 24 VALUE CLOSE BT OB/OS -381.00 -198.00 BT CADI -*****.00 -30.00 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 677.98 +0.26 FTSE ST Small Cap 382.17 +0.03 FTSE ST All Share 698.32 +0.65 FTSE ST China Top 157.44 -1.13 FTSE ST China 196.84 +0.18 FTSE
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    • 36 8 STI FTSE ST All-Share FTSE ST All-Share index NOV 24, 2016 698.32 +0.65 (+0.09%) Current streak 3 days Day high 700.04 Day low 692.45 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index NOV 23,2016 1,615.72 -10.06 (-0.62%) Current streak 1 day Day high 1,634.63 Day low 1,613.47 52-week high 1,755.96 (NOV 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 3 0 0 1 3 8 4 Manufacturing 39 33 38 11 11 9 50 44 47 Commerce 10 22 12 4 4 6 14 26 18 Tpt/Stor/Comms 13 6 12
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    • 125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,587 5 18,592 62,570 1 62,571 Manufacturing 117,493 125,149 242,642 98,064 8,947 107,010 Commerce 166,552 84,996 251,548 121,131 1,226 122,357 Tpt/Stor/Comms 131,093 1,328 132,421 320,754 106 320,860 Finance 33,972 403 34,375 223,329 58 223,386 Construction
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    • 75 8 BY CENTS CLOSE UP 52w high/low Prudential USD 1800 215.0 9.1 2191/1600 DBS Bk 4.7% NCPS ***** 21.0 0.2 *****/***** Pan Ocean 458 14.0 3.2 469/300 Singtel 10 375 14.0 3.9 435/338 DBXT S&PShort US$ 1898 11.5 0.4 2362/1890 BY PERCENTAGE CLOSE UP 52w high/low Zhongxin Fruit 1.5 66.7
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    • 73 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -364.0 -2.2 *****/***** DBXT Nifty US$ ***** -219.3 -1.3 *****/***** JMH USD 5437 -133.3 -1.7 6371/4500 Jardine C&C 3951 -67.0 -1.7 4520/3160 JSH USD 3296 -65.9 -1.4 3605/2524 BY PERCENTAGE CLOSE DOWN 52w high/low ISR Capital 12.7 -55.4 -15.8 34/0.3
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    • 83 8 VOL CLOSE($) CHANGE Zhongxin Fruit 500.0 0.015 +0.006 +66.67 Luzhou Bio-Chem 9,537.1 0.028 +0.006 +27.27 Lereno Bio-Chem 65.1 0.008 +0.002 +33.33 Hosen 12,861.5 0.048 +0.007 +17.07 PS Group 63.0 0.140 -0.030 -17.65 Foreland FabriT 950.2 0.016 +0.005 +45.46 Nico Steel 21,929.8 0.034 +0.009 +36.00 Cacola 17,348.6 0.004 -0.001
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    • BROKERS’ TAKE
      • 144 8 Genting Singapore Buy Target price: S$1.15 Nov 24 close: S$0.955 DBS Group Research, Nov 24 BASED on our analysis of Genting’s cash flow generation and net cash of about S$3.7 billion, balanced against the redemption of its perpetual securities and potential bid for a Japanese casino, we estimate that Genting
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      • 101 8 Target price: S$1.68 Nov 24 close: S$1.585 CIMB Research, Nov 23 MAPLETREE Industrial Trust (MINT has been scouring for overseas industrial properties in the past two to three years to further drive growth in the medium term. We understand that the trust could be looking at
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      • 197 8  - Singapore banks Negative Compiled by Jamie Lee Maybank Kim Eng Research, Nov 23 THERE will be default risks if corporates/customers are not able to repay USD debt when their domestic currencies depreciate further. In the event of potential higher provisions from USD exposure, we assess the impact by factoring a
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    • 16 8 DATA I Nov 25 S’pore Industrial Production Index S’pore Business Receipts Index S’pore Macroeconomic Review
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    • 380 9 CURRENCIES REUTERS London THE dollar climbed past more of last year’s peaks against the euro on Thursday, with only the March 2015 high of US$1.0457 standing in the way of a push towards parity that banks are again saying is on the
      REUTERS  -  380 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Nov 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.997 5.103 0.700 5.720 50.733 99.998 0.836 8.712 3.289 1.056 77.259 36.858 1.057 10.476 0.750 23.552 26.327 0.594 0.737 Canada 1.003 5.116
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      • 2 9
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      • Article, Illustration
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      • 155 9 NOV 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0568 1.0574 0.7374 0.7375 Canadian dollar 1.0595 1.0603 0.7395 0.7393 Euro 1.5103 1.5114 1.0539 1.0541 NZ dollar 1.0006 1.0012 0.6982 0.6983 Sterling pound 1.7792 1.7802 1.2415 1.2416
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      • 22 9 Nov 24 S$ Bid Offer 1-month 1.4332 1.4341 2-months 1.4333 1.4341 3-months 1.4334 1.4342 6-months 1.4331 1.4344 Source: OCBC
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      • Article, Illustration
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • 213 9 Most active Nov 24 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 9500 MBePW*****9 3.6 -0.2 6000 0.0 1 DBS MB eCW*****2 15.4 1.1 4890 0.1 1700 7 SingTel MB eCW*****2 2.1 0.6 4802 0.2 435 7 OCBC
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Nov 23 Index Change Change Change Change Change Change World Preliminary 1325.6 -0.1 3.7 0.2 3.8 -0.4 2.6 EAFE Preliminary 986.2 0.0 -2.7 -0.1 -4.8 -0.6 -5.9 Europe Preliminary 1383.2 -0.2 -2.1
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      • 383 9 Nov 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov16 *****.00 *****.00 *****.00 *****.50 *****1 *****0 Dec16 *****.50 *****.50 *****.50 *****.00 *****1 *****6 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Mar17 *****.00 *****.00 *****.00 *****.00 109 8927 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Nov 24 $S Offer Bid 0vernight 0.03 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.13 US$ Offer Bid 7 days 0.55 0.45 1 month 0.65 0.55 2 months 0.85 0.65 3 months 1.00 0.80 6 months 1.40 1.20 9 months 1.55 1.35 12
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      • 68 9 Nov 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.94 104.96 104.95 5-Year N*****0Z 1.250 01-Oct-21 97.4 97.65 97.45 10-Year NX*****F 2.125 01-Jun-26 97.5 98.03 97.55 15-Year NZ*****F 2.875 01-Sep-30 101.1 101.75 101.42 20-Year NZ*****X 2.250 01-Aug-36 91.05
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    • AGRI METALS ENERGY
      • 250 9 Nov-23 Price Net change change Last Trade Agricultural Nov-23 CBOT Soybeans (US cents/bu) 1034.25 4.25 0.41% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.85 2.37 6.87% 14/12/2016 CBOT Wheat (US cents/bu) 401.50 -5.75 -1.41% 14/12/2016 Nov-23 LIFFE Cocoa (£/tonne) 2060.00 5.00 0.24% 13/12/2016 LIFFE Coffee (US$/tonne) 2074.00 -52.00 -2.45%
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    • 1800 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 125 AIMSAMP Cap Reit 125.5 unch 924 127 125 0.9 9 799.8 LOW 172.5 101 ARA Asset Mgmt 171 +0.5 2888 171
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    • 307 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap 46.5 29.5 t Advancer Global 36.5 unch 30 36.5 36.5 14.5 63.2 LOW Company Sale 19.9 8.3 t Anchor Resources 9.5 -0.5 4558
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    • 112 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1211 1061 CIMBASEAN40 S$D 1168 +9 0 1168 1168 vol 3268 2355 DBXT China50 US$ US3076 -6 4 3079 3076 8.5 Day Low Div C'vr 222.5 158.5 DBXT
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  • Page 6 Advertisements
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  • Page 10 Advertisements
    • 98 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 published
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  • PHILANTHROPISTS FORUM 2016
    • 681 11  -  Indonesian philanthropist Veronica Colondam wants to leave behind a legacy of a sustainable social enterprise. BY FRANCIS KAN VERONICA Colondam is not afraid to set the bar high when it comes to her philanthropic endeavours. The CEO and founder of Indonesia’s YCAB Foundation wants the organisation’s
      681 words
    • 413 11  -  Sophisticated philanthropists are upping their efforts to boost their impact on education in the region By Francis Kan PHILANTHROPIC foundations in Asia are going beyond mere giving and are introducing innovative methods to improve education in the region. This is significant as a vast
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    • 523 11  -  A new study shows that educational philanthropy has become more professional and sophisticated in Asia By Francis Kan EDUCATION is widely viewed as a key driver of long-term social impact in Asia, and as such has been a popular area of focus for many philanthropists
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  • Page 11 Advertisements
    • 48 11 Credit Suisse Giving No-one’s given it more thought. Whatever your philanthropic ambitions, Credit Suisse provides a bespoke service to help you make the most of your contribution. To find out more please contact us at 1 Raffles Link #05-02 Singapore *****3, call +65 6212 6000 or visit credit-suisse.com
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    • 4 11 Brought to you by
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  • BANKING & FINANCE
    • 678 12 Online payments startups see astounding growth as demonetisation sends millions scurrying to digital cash BLOOMBERG Bengaluru VIJAY Shekhar Sharma’s Twitter feed has come alive these past two weeks. From a roadside egg-seller in Bhopal to a soda hawker in Bangalore, the founder of Paytm
      BLOOMBERG  -  678 words
    • 455 12 REUTERS Sydney A GROUP of Australian lawmakers recommended a banking customer complaints tribunal should be set up by July next year, to make binding decisions while minimising the involvement of lawyers, amid rising dissatisfaction with the country’s financial system. The recommendation,
      REUTERS; PHOTO: BLOOMBERG  -  455 words
    • 397 12 BLOOMBERG Beijing THE China-led Asian Infrastructure Investment Bank (AIIB) is looking to hire fixed-income management companies to help invest its billion of dollars of spare funds. But don’t bother applying unless your company has some serious credentials. The multilateral lender posted
      BLOOMBERG  -  397 words
  • Page 12 Advertisements
    • 589 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAPITALAND RECM PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****7255G) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of CapitaLand RECM Pte. Ltd. duly convened and held on the 18th day of November 2016,
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    • 473 12 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g NEVA
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    • 468 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MANULI HYDRAULICS FAR EAST PTE LTD (In Members' Voluntary Liquidation) Reg No.*****6350D ("the Company") NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 21 November 2016, the Resolutions set
      468 words
    • 376 12 Asia Value Asset Limited Business Company Number: *****02 In Voluntary Liquidation Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Asia Value Asset Limited commenced on 11 November 2016 and that Lia Shiow Jiuan Nicole of 21
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    • 23 12 •T SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES jun 14/myj
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    • 26 12 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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  • Page 13 Advertisements
    • 100 13 Do you have the courage to be the next Businessman of the Year? Email your nominations (full name, designation, company and category) to anglcc@sph.com.sg, or call Christine Ang at 6319 5119. Closing date is 16 December 2016. Having the courage to break boundaries is one of the key qualities that
      100 words

  • TECHNOLOGY
    • 825 14 Battery, parts supplier has lost a fifth of market value since the problem first emerged REUTERS Seoul IN the shadows of Samsung Electronics’ Note 7 smartphone crisis, affiliate Samsung SDI is quietly reassuring anxious clients including Apple Inc that its batteries are
      REUTERS  -  825 words
    • 366 14 AFP London BRITAIN’S next generation of cybersecurity specialists will be taught at Bletchley Park, where Nazi codes were cracked during World War II, the head of the new college announced on Thursday. The mansion house is celebrated as the site where codebreakers
      AFP  -  366 words
    • 470 14 BLOOMBERG Dublin “AN Apple a day keeps the bank man away stop objecting!” So read the handwritten sign in Athenry, the tiny village close to Ireland’s Atlantic coast chosen by Apple Inc for a vast US$1 billion data facility. The message
      BLOOMBERG  -  470 words
  • Page 14 Advertisements
    • 608 14 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g TENDER
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    • 360 14 NOTICE TO CREDITORS AND CONTRIBUTORIES OF INTENTION TO APPLY FOR RELEASE BRANDZ GROUP LTD. (IN LIQUIDATION) Co. Reg. No. *****8061R COMPANIES WINDING UP NO. 125 OF 2007/G Take notice that I, the undersigned Liquidator of the abovenamed company, intend to apply to Court for my release, dissolution of the Company
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    • 555 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NANOH2O SINGAPORE PRIVATE LIMITED (Registration No. *****9348D) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company, deemed to have been convened pursuant to Section 179(6) of the
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    • 643 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAMILLO EITZEN (SINGAPORE) PTE. LTD. (In Members’ Voluntary Liquidation) UEN *****6327C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held on the 21st day of November 2016 the Resolutions
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  • CONSUMER
    • 966 15 They are spreading out more widely the days when they open their wallets amid online options NYTIMES New York IF YOU’RE in the retail business in the United States, you probably really care about these two things: millennials and Black Friday. But
      NYTIMES  -  966 words
    • 463 15 AFP Shanghai CHINA’S largest online travel agency Ctrip will buy British flight search app Skyscanner for US$1.7 billion, the companies said, as it steps up its overseas ambitions. The travel service provider will pay £1.4 billion (S$2.5 billion), mainly in cash,
      AFP  -  463 words
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  • REAL ESTATE
    • 602 16  -  CBRE attributes the competitive bidding process to their location and palatable deal sizes By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THREE prime residential buildings near Orchard Road have been sold to three different group of developers for S$ 190.5 million in
      PHOTO: JLL  -  602 words
    • 404 16 REUTERS London SHARES in leading estate agents tumbled on Wednesday after Britain said it would ban one-off tenant fees to try to bring down the cost of renting, the latest move to hit landlords. Rising housing costs have become a
      REUTERS  -  404 words
    • 437 16  -  COMMENTARY By Nisha Gopalan BLOOMBERG Hong Kong LONDON has a property problem. Brexit is looming, potentially wiping out thousands of finance jobs, real-estate investment trusts are slumping, office values are dropping, and the city is losing money to places such as Frankfurt
      BLOOMBERG  -  437 words
    • 529 17  -  Lyf will target working professionals in their 20s and 30s, earning at least S$3K monthly By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CAPITALAND’S serviced-residence business arm The Ascott is targeting millennial travellers with its new brand, Lyf which will be ramped up to 10,000 units,
      529 words
    • 416 17 NYTIMES New York SINCE the Nov 8 election, US mortgage rates have climbed roughly half a percentage point to a 16-month high, adding hundreds, sometimes thousands, of dollars to a homebuyer’s yearly payments. The speed and size of the increase took
      NYTIMES  -  416 words
  • Page 16 Advertisements
    • 361 16 FREEHOLD DEVELOPMENT POTENTIAL CORNER ROAD SHOPHOUSE 162 JOO CHI AT ROAD Contact: Investment Properties Sammi Lim Sophia Lim (CEA Reg No.: R*****9J) (CEA Reg No. R*****7E) 9368 9803 9878 2372 Site Area: Approx. 1,674 sq ft Existing Floor Area: Approx. 3,494 sq ft Potential Maximum GFA: Approx. 5,021 sq ft
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    • 361 16 CORDLIFE GROUP LIMITED (Company Registration No.: *****2883E) (Incorporated in the Republic of Singapore) NOTICE TO HOLDERS OF THE OUTSTANDING S$120,000,000 4.90 PER CENT. NOTES DUE 2017 COMPRISED IN SERIES 001 (ISIN: SG6TG*****08) (THE “NOTES”) ISSUED BY CORDLIFE GROUP LIMITED (THE “COMPANY”) PURSUANT TO ITS S$500,000,000 MULTICURRENCY DEBT ISSUANCE PROGRAMME NOTICE
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    • 84 16 Spl MEDIA CENTRE; GENTING LANE B1 INDUSTRIAL SPACE FOR RENT Fully fitted air-cond industrial office with carpet Area from 700 sq ft to 7,653 sq ft Interested, please call Shawn at 9694 5349 4 spi Print Centre :v e? INDUSTRIAL/WAREHOUSE SPACE FOR RENT 2 Jurong Port Road, SPH Print Centre
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  • Page 17 Advertisements
    • 596 17 D04 HOUSE FOR SALE SENTOSA COVE STAR BUY! $11.xM Brand New 8574sf Below bank valn. Other exclusive Sentosa homes new listings available for investment or own stay. 1 call to arrange viewings. Rowena Chan *****166 D04 HOUSE FOR SALE SENTOSA $11.xxM! Sentosa Bungalow Brand new 8570 sqft 5 bedrooms Unblocked
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  • TRANSPORT
    • 1027 18 New labour contracts seen adding at least US$1.35b to operating costs of the four biggest US carriers this year BLOOMBERG Dallas US airlines are posting record profits, awarding hefty pay rises and winning over long-time sceptics such as Warren Buffett’s Berkshire
      BLOOMBERG; PHOTO: REUTERS  -  1,027 words
    • 544 18 BLOOMBERG New York PILOTS for the Air Transport Services Group Inc (ATSG) unit that hauls packages for Amazon.com Inc and DHL Worldwide Express were ordered back to work by a federal judge, halting a strike that threatened to disrupt
      BLOOMBERG  -  544 words
    • 480 18  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore DANISH shipowners stand to lose the chance of expanding business volume by 500 million Danish krone (S$101.7 million) annually if the US and other member states of the Trans-Pacific Partnership
      480 words
    • 640 18 BLOOMBERG Frankfurt THE long-running spat at Lufthansa reached new levels of bitterness after the Vereinigung Cockpit union defeated an application to have a strike blocked late on Tuesday, and then upped the ante by lengthening the action. Lufthansa said the “incomprehensible” step would inflict
      BLOOMBERG; PHOTO: BLOOMBERG  -  640 words
  • Page 18 Advertisements
    • 34 18 YOUNG ACHIEVERS speaks to four students who excelled outside their academic world TEAMIE'S FOUNDERS LEFT CONSULTING FIRM TO CREATE CLOUD-BASED LEARNING NETWORK GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • GOVERNMENT & ECONOMY
    • 785 19 Lower migration will add £16b to borrowing through 2020-21 while weaker productivity accounts for £18.1b BLOOMBERG London THE Brexit bill is in. Some £58.7 billion (S$104.7 billion), or almost half of the £122 billion in extra borrowing the government will need over
      BLOOMBERG; PHOTO: BLOOMBERG  -  785 words
    • 675 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo A KIND of euphoria or “irrational exuberance” (to borrow a phrase from former US Federal Reserve Board chairman Alan Greenspan) appears to have infected Japan’s financial markets with the election of Donald Trump’s as the
      675 words
    • 711 19 BLOOMBERG New Delhi AS India undergoes the world’s biggest currency overhaul in decades, one official is noticeably absent: central bank governor Urjit Patel. The head of the monetary authority, the Reserve Bank of India (RBI), has spoken just once since the
      BLOOMBERG  -  711 words
    • 266 19 REUTERS Jakarta INDONESIAN President Joko Widodo called for calm on Thursday amid simmering religious tension as helicopters dropped police leaflets over the capital, warning residents of the risk of harsh penalties if new rallies led by Islamists turn violent. The Indonesian
      REUTERS; PHOTO: REUTERS  -  266 words
    • 385 19 REUTERS Paris GOVERNMENTS need to get over the fixation with debt levels and ramp up spending on growth-friendly policies while cutting tax burdens where possible, the OECD said on Thursday. The message in the Organisation for Economic Co-operation and Development’s (OECD)
      REUTERS  -  385 words

  • OPINION
    • 582 20 EDITORIAL PARTS of the 2016 edition of the Singapore Medical Council’s (SMC) ethical code and guidelines, which take effect in January, are roiling some quarters of the medical profession. These portions pertain to managed care companies and third party administrators
      582 words
    • 1234 20  -  Hopefully, analysts’ view of 4 years of economic boom under Trump will prove correct By Leon Hadar Washington “ABIG adverse surprise like the election of Donald Trump i n t h e US would likely cause the stock mar k e t t o
      PHOTO: BLOOMBERG  -  1,234 words
    • 739 20  -  THE BOTTOM LINE By Vincent Low T The writer is director general manager of business imaging solutions at Canon Singapore THE capability to innovate and to bring innovation successfully to market will be the definitive mark of global competitiveness of businesses, as seen in
      739 words
    • 913 21  -  COMMENTARY By Anthony Rowley Tokyo PRIME Minister Shinzo Abe nailed his colours firmly to the mast of the United States when he visited Donald Trump in New York even before the president-elect had set foot in the Oval Office, and at a
      913 words
    • 778 21  -  By Mark Jansen T The writer is technology, media and telecommunications leader digital trust co-leader at PwC Singapore SINGAPORE took another step towards becoming the world’s foremost fintech hub with the hosting of the ingapore FinTech Festival last week. Attracting some 11,000
      778 words
    • 1116 21  -  It’s high time that collectors and other art market participants realised that the obsession with market opacity is proving counterproductive. BY JOHN POWERS BY JOHN POWERS T The writer, a certified fraud examiner, is vice-president of Beacon international Group, a licensed investigation firm
      PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  1,116 words
    • 694 21  -  By Michael Heise T The writer is chief economist of Allianz SE FINANCIAL markets are still grappling with the implications of the US election. US treasury yields and stock prices have soared, defying the consensus view that there
      694 words


  • Page 22 Advertisements
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    • 245 22 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 118 PRW303 26/11/2016 27/11/2016 Perawang/Perawang DAILY Marco Polo 152 BST036 26/11/2016 27/11/2016 Buatan/Buatan DAILY Marco Polo
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  • BT Lifestyle
    • 1676 23  -  Agents of change get a boost from Rolex to do some real good in the world. BY JAIME EE jaime@sph.com.sg @JaimeEeBT WHILE anti-Donald Trump protesters staged quiet processions through parts of Los Angeles and the local news media buzzed with non-stop analyses of the US
      PHOTO: ©ROLEX/BART MICHIELS; PHOTO: ©ROLEX/JOAN BARDELETTI; PHOTO: ©ROLEX/FRANÇOIS SCHAER; PHOTO: ©ROLEX/FRED MERZ; PHOTO: ©ROLEX/STEFAN WALTER; PHOTO: ©ROLEX/HIDEKI SHIOZAWA; PHOTO: ©ROLEX/QILAI SHEN  -  1,676 words
  • Page 23 Advertisements

  • ARTS
    • 829 24  -  Here’s a glimpse of the first “festival” that kicks off the art calendar. BY CHEAH UI-HOON uihoon@sph.com.sg Outdoor sculptures at Gillman Barracks, a month-long pop-up gym with handmade equipment, art tours and talks will fill up the calendar in Singapore come January. Visual
      829 words
    • 553 24  -  By Cheah Ui-Hoon uihoon@sph.com.sg TO get up-close to one of Indonesian artist Gatot Indrajati’s work is to marvel at his patience for detail, as the 36-year-old artist meticulously carves and paints on wooded figurines before he pastes them onto large painted wooden panels. That’s
      553 words
    • 318 24  -  By Cheah Ui-Hoon uihoon@sph.com.sg MANY may not be aware or have forgotten that performance artist Amanda Heng started her career as a printmaker. She revisited her first practice earlier this year at the Singapore Tyler Print Institute (STPI), which has resulted in
      318 words
    • 489 24  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT DISGRACED, the new play by Singapore Repertory Theatre (SRT), could not be timelier. It discusses race, religion, politics, history and identity at a time when the views of US President-elect Donald Trump on those very issues are stirring controversy
      489 words

  • ARTS/ENTERTAINMENT
    • 721 25  -  By Avanti Nim avantin@sph.com.sg WHEN sarod artist Soumik Datta first came across the fantasy adventure film Goopy Gyne Bagha Byne by Satyajit Ray, he was all of four years old, and filled with wonder at the mystical elements like teleportation, magical kingdoms and wizards contained within
      PHOTO: SOUVIK DATTA  -  721 words
    • 547 25  -  By Avanti Nim avantin@sph.com.sg KONSTANTIN Tachkin, the founding director of the St Petersburg Ballet Theatre, spent a number of his years training but not in dance. Born in Russia, the 49-year-old was a member of Russia’s elite special forces and trained in parachuting as part of
      547 words
    • 689 25  -  The quartet will play Singapore for the fourth time next year but still remembers their first gig here in 2001. BY DYLAN TAN BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT UNLIKE Coldplay’s frontman and singer Chris Martin who is a bundle of energy on
      PHOTO: SAM NEILL  -  689 words
  • Page 25 Advertisements
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      52 words

  • REVIEWS/ENTERTAINMENT
    • 636 26  -  Watch out for under-rated Singapore actor and fight choreographer in the action-packed thriller Headshot says its directors. BY DYLAN TAN BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT INDONESIAN action star Iko Uwais might get top billing in Headshot but the film’s directors Timo
      PHOTOS: 27TH SGIFF  -  636 words
    • 616 26  -  By Geoffrey Eu A POVERTY-STRICKEN five-year-old in rural India follows his brother on a scavenging mission one evening in 1986 and winds up lost and alone, 1,600 kilometres and one mistaken train journey later. Unable to communicate in the local dialect and with only a
      616 words
    • 314 26  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THERE is an easier way to enjoy Singapore films now, and the best part is you don’t even need to get up from your sofa. Homegrown online entertainment streaming service provider Viddsee has launched a new
      PHOTOS: VIDDSEE  -  314 words
    • 502 26  -  By Geoffrey Eu HOLLYWOOD has made some memorable legal thrillers over the past 30 years: The Whole Truth isn’t one of them. You just know it’s not going to be a classic when the narrator/protagonist, Louisiana defence attorney Richard Ramsay (Keanu Reeves), says
      502 words

  • DINING OUT/WINE
    • 936 27  -  While this French accolade doesn’t always come with fireworks, it does offer a certain dependability and minimum standard. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Kam’s Roast Singapore #01-04/05/06/07 Pacific Plaza 9 Scotts Road Tel: 6836 7788 Opening daily: 11am 10pm
      PHOTOS: KAM’S ROAST SINGAPORE; PHOTOS: JAIME EE  -  936 words
    • 975 27  -  By NK Yong MONTRACHET the name itself evokes awe and great expectations. The vineyard producing Grand Cru white burgundy, one of the five Grands Crus, straddles the villages of Puligny-Mon-trachet and Chassagne-Montrachet. This grandest and greatest expression of Chardonnay is, naturally, the most
      PHOTO: NK YONG  -  975 words
  • Page 27 Miscellaneous
    • 292 27 CRYPTIC CROSSWORD Across 1 Break point with return I fancy (12) 8 Poor American English the French start to speak (7) 9 Cold look facing certain bankruptcy (7) 11 Part of hero is terrific romp (7) 12 Saw voting system finished British (7) 13 Turn over page covered by nude
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  • Page 28 Advertisements
    • 363 28 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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