The Business Times, 29 November 2016

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Microfilm: NL34121
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 S$1.20 CO REGN NO *****2868E Tuesday, November 29, 2016
    22 words
  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 2,874.65 +15.32 KL Comp 1,628.66 +1.40 Nikkei 225 18,356.89 -24.33 Hang Seng 22,830.57 +107.12 Shenzhen B 1,159.58 +0.61 Dow (10.45am EST) 19,081.02 -71.12
    27 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    239 1 Standard Chartered has lost its regional CEO for Asean and South Asia, Ajay Kanwal, who has resigned over standards of disclosures to do with “personal investments” that he no longer owns. TOP STORIES/5 The global economy could escape from the “low-growth trap” it has been caught in through
    239 words
  • Article
    Lock icon Singapore losing edge in drawing and keeping talent: IMD report
    742 1  -  Among 61 economies, Republic scores on attracting foreign talent, but lags in developing homegrown talent; high living costs also hurt its appeal By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SINGAPORE has slipped five places to 15th in the latest world-talent
    742 words
  • Article, Illustration
    Lock icon US’s investment appeal intact despite Trump’s win: IE Singapore
    837 1  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE United States will remain an attractive investment destination for Singapore companies, even as the world’s largest economy prepares for life under Republican president-elect Donald Trump’s administration. This was the view of Yeoh Mei Ling,
    PHOTOS: IE S’PORE, AFP  -  837 words
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      38 1 *****1 *****1 THE BUSINESS TIMES OYSTER PERPETUAL DAY-DATE 40 IN PLATINUM ROLEX EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: 6737 2896 WISMA ATRIA, #02-40/41-44. TEL: 6694 5712 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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      24 1 CONSUMER GRIEVANCES Complaints against financial institutions grow TOP STORIES/6 HOCK LOCK SIEW Dual class shares: is it really a done deal? COMPANIES MARKETS 8
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      16 1 2017 PROPERTY TAX Lower or same tax for almost all private home owners TOP STORIES 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Almost all private homeowners to pay lower or same taxes in ’17
      650 2  -  Iras also says HDB flat owners will pay lower or no property taxes next year By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ALMOST all private residential property owners will pay lower or same property taxes in 2017 compared to
      FILE PHOTO  -  650 words
    • Article, Illustration
      Lock icon MPA deputy chairman takes over as chairman from Dec 16
      177 5 Singapore THE Maritime and Port Authority of Singapore (MPA) said on Monday that its deputy chairman, Niam Chiang Meng, will become its chairman from Dec 16, 2016. He will take over from Lucien Wong, who will relinquish his post as
      177 words
    • Article
      Lock icon StanChart’s regional CEO for Asean and South Asia resigns
      612 5  -  Ajay Kanwal says some of his internal disclosures about his own investments fell short of the bank’s standards By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore STANDARD Chartered has lost its regional chief executive officer for Asean and South Asia, Ajay Kanwal, who
      612 words
    • Article, Illustration
      Lock icon Hong Kong investors’ two-year wait to trade in Shenzhen is over
      785 5 BLOOMBERG Hong Kong HONG KONG investors will be able to trade on the Shenzhen Stock Exchange from next week, ending a wait of more than two years for China to open a second equity trading link between the mainland
      BLOOMBERG; PHOTO: REUTERS  -  785 words
    • Article
      Lock icon StanChart to cut 10% of corporate, institutional banking staff: sources
      292 5 REUTERS Singapore STANDARD Chartered is set to cut about a 10th of its global corporate and institutional banking headcount, sources with direct knowledge of the matter said on Monday, as the bank steps up an aggressive drive to cut costs.
      REUTERS  -  292 words
    • Article
      Lock icon Complaints against banks and insurers on the rise
      834 6  -  Financial disputes centre sees 29% rise in complaints from 2015; banks, finance firms top the list with 38% By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE number of consumers who have grievances against financial institutions (FIs) in Singapore has grown, says data from
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    • Article, Illustration
      Lock icon Opec scrambles to agree to crucial oil output cut
      614 6 AFP Vienna ORGANIZATION of the Petroleum Exporting Countries (Opec) members will seek to give oil prices a boost in Vienna on Wednesday by nailing down their first output cut in eight years, although a deal is far from certain. Failure to
      AFP; PHOTO: REUTERS  -  614 words
    • Article
      Lock icon Turkish Airlines to boost capacity to S’pore next year
      635 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TURKISH Airlines is adding capacity on its daily, direct Singapore-Istanbul flight as it seeks to capture more business customers. From May 30 next year, Turkey’s flag carrier will start operating a 349-seater Boeing 777-300 between
      635 words
    • Article
      Lock icon OECD: Use fiscal policies to pull global economy out of low-growth mode
      779 6  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE global economy could escape from the “low-growth trap” it has been caught in for a number of years through the use of fiscal initiatives to spur private investment, the Organisation for Economic
      779 words
    • Article
      Lock icon Local, foreign firms to vie for RM100b of Malaysia rail jobs
      553 6  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur WITH more than RM100 billion (S$32.1 billion) worth of rail jobs scheduled to be undertaken in the coming years in Malaysia, rail players both local and foreign are getting organised to put themselves
      553 words
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      221 2 OSEA2016 The 21st International Oil Gas Industry Exhibition Conference SINCE 1 976 29 Nov-2 Dec 2016 Tuesday Friday 10.30am 6.00pm Marina Bay Sands, Singapore Future-ready your business at OSEA2016 Asia's most established oil gas industry event. Check out solutions that can enhance production processes and create greater cost efficiency, as
      221 words
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      218 3 Deli hub >• m <r 1 with Deli Hub Indulge in the festivity with our tantalising classic mainstays and mouthwatering exciting new deals! > V V > r: t *7 aM-+ ■v.' ■-9 csfe M. rL .s >-r w. A I ill A m. I »-v i SPECIAL Orders made
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      61 5 Superstar Hong Kong’s Best Chef The one and only HARLAN r (LDSTEI 13 Dec 17Dec2 BOOK NOW +65 8723 6378 marketing.onefullerton@usquba.co 7' LADIES LUNCHES EAT FREE 4 eat 1 free, 5 eat 2free 6 eat 3 free, Weekdays Only $38 25 off all drinks Happy Hour 1-FORT Housepour Specials Weekdays
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      691 7 ADVERTORIAL ICAEW CELEBRATING EXCELLENCE 2016 1 1 iii m Sri tk ML 5ll II lu I sills S -P A 1 w r ir■W M -■f-i*m i* I 1 111 1 1!! 11 J -T, Establishing its footprint in the region ICAEW established its regional office in Singapore in 2009.
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  • COMPANIES & MARKETS
    • Article
      Lock icon Dual class shares: is it really a done deal?
      566 8  -  HOCK LOCK SIEW BY R SIVANTIHY sivan@sph.com.sg @RSivanithyBT THERE are many in the market who believe that the entry of dual-class shares (DCS) on the Singapore Exchange (SGX) is inevitable and that the decision to introduce such securities has already been
      566 words
    • Article, Illustration
      Lock icon Perennial and SPH raise stakes in Chinatown mall
      436 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore PERENNIAL Real Estate Holdings and Singapore Press Holdings (SPH) have bought an additional 60 per cent of a partnership holding Chinatown Point mall and four strata office units above it for a cash consideration of S$92.6
      436 words
    • Article
      Lock icon Aberdeen Asset Management’s full-year profit down 28% amid outflows
      278 8 REUTERS London ABERDEEN Asset Management posted a 28 per cent drop in pretax profit on Monday, hit by outflows across a range of products including its multiasset and quantitative funds. The investment manager has been hit hard by investors’ waning appetite
      REUTERS  -  278 words
    • Article
      Lock icon OCBC pays US$228m for Barclays’ Singapore, HK wealth business
      421 9 Price is 29% below initial estimate as the amount of assets transferred to Bank of Singapore is smaller BLOOMBERG Singapore OVERSEA-Chinese Banking Corp’s purchase of Barclays Plc’s wealth-manage-ment units in Singapore and Hong Kong was priced at US$227.5 million, 29 per
      BLOOMBERG  -  421 words
    • Article, Illustration
      Lock icon Lee Yi Shyan to chair ICE’s exchange business in S’pore
      341 9 Singapore INTERCONTINENTAL Exchange (ICE) has appointed Lee Yi Shyan as chairman of ICE Futures Singapore (IFSG) and ICE Clear Singapore (ICSG), it said on Monday. Mr Lee said in a press statement: “Asia has remained the fastest growing region in
      LIANHE ZAOBAO FILE PHOTO  -  341 words
    • Article
      Lock icon Lombard gets MAS nod for brokerage ops
      117 9 Singapore LOMBARD International, a global wealth-structuring firm for high networth investors, said on Monday that the Monetary Authority of Singapore has approved the financial adviser's licence for its Singapore subsidiary, Lombard International Singapore. The approval of the licence extends Lombard International's brokerage capabilities
      117 words
    • Article
      Lock icon Keong Hong posts 24.4% fall in Q4 profit to S$17m
      487 9  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore KEONG Hong Holdings Limited reported a 24.4 per cent decline in net profit to S$17 million for the fourth quarter ended Sept 30. Revenue clocked in by the construction, hotel and property development and
      487 words
    • Article, Illustration
      Lock icon STI / Catalist
      65 10 STI Catalist Straits Times Index NOV 28, 2016 2,874.65 +15.32 (+0.54%) Current streak 5 days Day high 2,889.85 Day low 2,862.15 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index NOV 28, 2016 454.01 -1.68 (-0.37%) Current streak 1 day Day high 457.53
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    • Article
      Lock icon GAINERS
      78 10 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 329.0 2.0 *****/***** GLD US$ ***** 59.8 0.4 *****/***** DBXT China50 US$ 3149 57.0 1.3 3268/2355 DBXT MSTHAI US$ 1908 49.9 1.9 2107/1419 DBXT MSAsExJp US$ 3371 45.6 1.0 3633/2772 BY PERCENTAGE CLOSE UP 52w high/low China Env Res
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    • Article
      Lock icon LOSERS
      73 10 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -1763.0 -4.7 *****/***** Lyxor Nasdaq US$ 1533 -565.4 -20.6 1930/1533 DBXT USDIGInfl US$ ***** -445.8 -1.1 *****/***** DBXT Vietnam US$ 2231 -109.7 -3.3 2533/2017 JMH USD 5313 -52.7 -0.7 6371/4500 BY PERCENTAGE CLOSE DOWN 52w high/low AA 3.5 -63.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE China Env Res 1.5 0.030 +0.027 +900.00 AA 6,465.4 0.035 -0.060 -63.16 China Yuanbang 49.0 0.260 -0.060 -18.75 BH Global 36.9 0.210 -0.065 -23.64 Ossia Intl 71.1 0.155 -0.023 -12.92 Ban Leong 99.9 0.180 -0.015 -7.69 AnnAik 250.3 0.071 +0.015 +26.79 Sitra 27,192.1 0.016 -0.002
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    • Article, Illustration
      Lock icon Banks keep ST Index on firm footing
      597 10  -  Index up 15.32 points despite pullback from intraday high but losers outnumber gainers 278-174 in broader market STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT LIFTED by another all-time high on Wall Street on Friday, the Straits Times Index (STI) on Monday kicked the week
      Source: Bloomberg  -  597 words
    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 229 -2 232/228 257 209 6.7 6419.4 CapitaCom Trust 150 +0.5 152/148.5 164 127 5.7 4445.2 CapitaLand 303 +1 306/302 340 280 12.1 3 ***** CapitaMall Trust 191.5 -0.5 193/189.5 225 185
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME Noble 152,682,000 Cedar Strategic 72,177,100 Accrelist 70,234,000 QT Vascular 46,311,700 Golden Agri-Res 40,665,500 Market volume 1,432,501,000 VALUE DBS Grp 144,425,127 OCBC Bank 91,265,689 Global Logistic 57,948,445 Singtel 54,037,981 UOB 40,690,006 Market value 1,096,683,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Nov 28 VALUE CLOSE BT OB/OS -118.00 +47.00 BT CADI -*****.00 -104.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 682.86 -1.75 FTSE ST Small Cap 382.37 -2.70 FTSE ST All Share 704.22 +2.20 FTSE ST China Top 159.44 -1.12 FTSE ST China 199.24 -0.33 FTSE
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    • Article
      Lock icon SGX ETFs
      105 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 292 +1 558 294/291 300/254 292/293 IS MS INDIA US$ US659 +3 346 659/653 772/441 658/659 82.4 Lyxor Taiwan US120 205 -/-123.4/90 -/-28.6 DBXT MSRussia US$ US219 -4 162 223/219 223/129 218/219 DBXT MSPHILS
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share FTSE ST All-Share index NOV 28, 2016 704.22 +2.20 (+0.31%) Current streak 5 days Day high 707.51 Day low 702.35 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE index NOV 25,2016 1,634.44 +9.24 (+0.57%) Current streak 2 days Day high 1,636.44 Day low 1,624.02 52-week high 1,753.86 (Dec 1, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 6 0 1 0 5 5 6 Manufacturing 26 49 15 3 10 15 29 59 30 Commerce 12 27 12 1 8 4 13 35 16 Tpt/Stor/Comms 6 9 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,081 728 16,809 62,809 115 62,924 Manufacturing 125,581 191,556 317,137 131,859 6,703 138,561 Commerce 192,396 100,792 293,188 102,237 1,007 103,244 Tpt/Stor/Comms 73,166 643 73,809 114,939 53 114,993 Finance 52,929 539 53,468 309,227 77 309,305 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Banks
        160 10 Moody’s Investors Service, Nov 28 THE Singapore Ministry of Trade and Industry has announced financial support measures for embattled domestic oil service companies. The government measures will help contain the significant deterioration in the credit quality of the loans. The three Singapore banks’ asset quality metrics have deteriorated
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      • Article
        Lock icon Jumbo Group | Buy
        122 10 Jumbo Group Buy Target price: S$0.77 Nov 28 close: S$0.655 DBS Group Research, Nov 28 OUR FY17-18F earnings forecasts are largely unchanged. We expect revenue to be driven by more store openings, especially in China. In Singapore, there will be scope for one to two more outlets, with one Jumbo
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      • Article
        Lock icon United Global | Unrated
        161 10  - United Global Unrated Compiled by Jamie Lee Nov 28 close: S$0.295 CIMB Research, Nov 25 LISTED on SGX-Catalist in July 2016, United Global (UTG) is a lubricant manufacturer and trader under its in-house brands (United Oil, Bell1, etc) and OEMs. Given its cost-plus model, sensitivity to unfavourable movements in crude/base
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    • Article
      Lock icon CALENDAR
      14 10 DATA I Nov 29 US GDP Price Index US S&P/CaseShiller Home Price Index
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    • Article
      Lock icon Euro up as US$ retreats and Fillon wins primary
      420 11 CURRENCIES REUTERS London THE US dollar extended its losses on Monday, retreating from its highest levels since 2003 as US Treasury yields eased from recent peaks. The greenback had surged more than 4 per cent against a basket of currencies in
      REUTERS  -  420 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Nov 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.009 5.164 0.702 5.802 51.417 101.112 0.838 8.750 3.339 1.055 78.425 37.201 1.066 10.406 0.755 23.740 26.608 0.599 0.748 Canada 0.991 5.120
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 NOV 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0652 1.0662 0.7479 0.7484 Canadian dollar 1.0562 1.0570 0.7419 0.7416 Euro 1.5172 1.5177 1.0652 1.0653 NZ dollar 1.0100 1.0107 0.7091 0.7094 Sterling pound 1.7794 1.7804 1.2493 1.2497
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 NOV 28 S$ Bid Offer 1-month 1.4240 1.4249 2-months 1.4241 1.4251 3-months 1.4239 1.4250 6-months 1.4237 1.4251 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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        Lock icon NIKKEI
        1 11
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        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        380 11 Nov 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov16 *****.00 *****.50 *****.00 *****.50 *****9 *****9 Dec16 *****.00 *****.00 *****.00 *****.50 *****7 *****1 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Mar17 *****.00 *****.00 *****.00 *****.00 2858 8932 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        211 11 Most active Nov 28 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OCBC BK MB ECW*****6 7.8 1.1 5612 0.1 900 4 DBS MB eCW*****2 18.6 1.7 4015 0.1 1700 7 UOB MB eCW*****5 15 0.1 1689 0.1 1950
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 11 In local curr In S$ In US$ dy yr dy yr dy yr Nov 25 Index Change Change Change Change Change Change World Preliminary 1333.8 0.3 4.4 0.2 4.1 0.4 3.4 EAFE Preliminary 993.8 0.4 -1.9 0.4 -4.1 0.6 -4.8 Europe Preliminary 1391.8 0.4 -1.5
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Nov 28 $S Offer Bid 0vernight 0.10 0.05 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.16 US$ Offer Bid 7 days 0.58 0.48 1 month 0.70 0.60 2 months 0.85 0.65 3 months 1.00 0.80 6 months 1.40 1.20 9 months 1.55 1.35 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 11 Nov 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.01 105.03 105.01 5-Year N*****0Z 1.250 01-Oct-21 97.85 98.00 97.90 10-Year NX*****F 2.125 01-Jun-26 98.5 98.77 98.60 15-Year NZ*****F 2.875 01-Sep-30 102.2 102.25 102.20 20-Year NZ*****X 2.250 01-Aug-36 92.31
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Nov-25 Price Net change change Last Trade Agricultural Nov-25 CBOT Soybeans (US cents/bu) 1046.00 11.75 1.14% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.66 -0.19 -0.52% 14/12/2016 CBOT Wheat (US cents/bu) 395.75 -5.75 -1.43% 14/12/2016 Nov-25 LIFFE Cocoa (£/tonne) 2044.00 -13.00 -0.63% 13/12/2016 LIFFE Coffee (US$/tonne) 2058.00 8.00 0.39%
        250 words
    • Article
      Lock icon OurCrowd eyes Asia expansion via S’pore office
      758 12  -  Israel-based equity crowdfunding platform gives wealthy individuals a foot in on the ground floor of venture capital investing By Genevieve Cua gen@sph.com.sg @GenChuaBT Singapore THE pace of capital raising among Asian investors is hotting up for equity crowdfunding platform OurCrowd. But Asia’s representation
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    • Article
      Lock icon ASL Marine tanks 70% in Q1 profit
      551 12  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASL Marine Holdings tanked nearly 70 per cent in net profit for the fiscal first quarter ended Sept 30 to S$1.6 million from S$5.25 million a year ago as higher operating expenses, losses in its Indonesian joint
      551 words
    • Article, Illustration
      Lock icon Alibaba gains new admirers with its Singles’ Day asset-backed securities
      662 12 IFR Hong Kong ALIBABA Group Holding has now been ramping up its Singles’ Day online shopping frenzy for eight years, but, this time, it has added a new ingredient to the celebrity-studded extravaganza: securitisation. Last week, a unit of Alibababacked
      IFR; PHOTO: AFP  -  662 words
    • CORPORATE DIGEST
      • Article
        Lock icon Golden Energy and Resources
        101 12 COAL miner and trader Golden Energy and Resources plans to allot and issue up to 181 million new shares at S$0.67 each. This represents a discount of 9.68 per cent over the volume-weighted average price of S$0.7418 for each share, based on trades done on April
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      • Article
        Lock icon Keppel Infrastructure Hldgs
        45 12 KEPPEL Seghers Belgium, a unit of Keppel Infrastructure Holdings, has secured a US$13.7 million contract to provide technology and services to the Nanshan II waste-to-energy plant in Shenzhen, Guangdong province, China. The contract was awarded by repeat customer Shenzhen Energy Environment Engineering.
        45 words
      • Article
        Lock icon Thakral Corporation
        49 12 THAKRAL Corporation Ltd has invested in a business hotel property, the Hotel Oaks Reaze Tsukamoto, in Osaka. The investment in the 105-room hotel was completed Nov 25 via a pooled investment vehicle, Thakral Japan Properties Pte Ltd, in which the group holds about 50 per cent interest.
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      • Article
        Lock icon Equation Summit
        110 12 EQUATION Summit Ltd will issue 380 million new shares to three investors for S$3.76 million. The subscription price of 0.99 Singapore cents represents a 10 per cent discount to the volume weighted average price of 1.1 cent for trades done on Nov 23 before a trading halt. The
        110 words
    • Article
      Lock icon EU proposes rules to stop ‘too big to fail’ clearing houses
      344 12 REUTERS London THE European Union has proposed rules for dealing with failing clearing houses to try to stop the rapidly growing sector from becoming “too big to fail” and holding taxpayers to ransom in a crisis. Clearing houses stand
      REUTERS  -  344 words
    • Article
      Lock icon SGX MAINBOARD
      1796 13 Transaction date: Nov 28 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 124.5 AIMSAMP Cap Reit 125 unch 1598 126.5 124.5 0.9 9.1 796.6 LOW 172.5 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      342 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap 46.5 29.5 t Advancer Global 36 -0.5 3 36 36 14.3 62.3 LOW Company Sale 19.9 8.3 t Anchor Resources 9.3 -0.1 1289
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    • Article
      Lock icon SGX ETF
      158 13 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3149 +40 3 3149 3120 8.7 116.2 97.5 DBXT MS SING US$ US111 +1 150 111.1 111 5.6 422 190 DBXT MSBrazil
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      Lock icon Page 8 Advertisements Column 1
      254 8 Eagle Eye Centre is 10! Thank you for your support V, i l II1BB if Dr Harold Choi, Dr Inez Wong, Dr Yong Shao Onn, Dr F.-Shawn Goh, Dr Chng Nai Wee, Dr Julian Thang, Dr Lim Wee Kiak, Dr Jacob Cheng, Dr Kelvin Lee, Dr Lynn Yeo, Dr Stephen
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      922 9 Advertorial Getting ready for ageing in place Building a robust health ecosystem through collaboration Tsao Foundation said that “All these go into education and having those resources put in place, placing support in the family to cope with the older person with dementia.” Building blocks of a robust health ecosystem
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      233 12 FEIYUE HOLDING PTE LTD CAPITAL REDUCTION NOTICE IS HEREBY GIVEN that FEIYUE HOLDING PTE. LTD. (“the Company”), pursuant to Article 52 of the Articles of Association of the Company and subject to the compliance with the requirements of the Companies Act (Cap. 50) Singapore, propose the reduction of the capital
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      71 13 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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  • THINK BIG LEADERSHIP SERIES 2016
    • Article, Illustration
      Lock icon Navigating the waters of uncertainty
      1362 14 In the face of a hazy economic environment and ambivalent business climate, the best business minds come together to find solutions at the fourth session of Think Big Leadership Business Series 2016 (Day 1) UNCERTAINTY was the most commonly used word on the first day
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      Lock icon Trump and Asean: what does the future hold?
      1363 15 Quiet hope was the underlying keynote as experts discuss pressing issues amid uncertainties (Day 2) IN a world that is constantly shifting, change is the only constant we’ve come to embrace. But in a global village that is becoming more interconnected, certain
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      81 14 v 2 cdldur NextGen. ADVANCE COLOUR Introducing Canon imageRUNNER ADVANCE C5500i Colour Series Canon Delighting You Always Driving business impact with Canon’s new V 2 Colour imaging technology for Vivid and Vibrant Colours. USER PERSONALISATION ECO STAPLING EASY MAINTENANCE INTELLIGENT RECOVERY WIRELESS g,)) CONNECTIVITY SECURITY ENHANCEMENT w. Visit ADVANCECOLOUR.COM to
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  • REAL ESTATE
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      Lock icon S’pore tops Asia in per capita returns from infrastructure
      604 16  -  Arcadis study finds Republic has enjoyed a steady increase in such returns, although this growth has plateaued By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SINGAPORE generates the highest built-asset income per person in Asia, at US$35,900, according to the Global Built Asset
      Source: Arcadis  -  604 words
    • Article
      Lock icon Prices of completed condos flat in October
      318 16  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PRICES of completed private apartments and condominiums were flat in October compared to September 2016, as the dip in prices of non-cent-ral units was offset by the uptick in prices of central units. This is according to
      318 words
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      Lock icon Surging home loans in China raise alarm over household debt
      457 16 AFP Beijing CHINESE household debt has risen at an “alarming” pace as property values have soared, analysts say, raising the risk that a real estate downturn could send shock waves through the world’s second largest economy. Loose credit and changing
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      Lock icon Karamjit Singh leaving JLL position to pursue own interests
      269 16 Singapore REAL estate consultancy JLL said on Monday that en bloc veteran Karamjit Singh, who has led JLL's Singapore residential team since 2012, will be leaving his position to pursue his own entrepreneurial interests. He will continue to advise JLL and
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    • Article
      Lock icon China’s residential market stable in 2017 but regulatory risk high, says Moody’s
      527 16  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CHINA’S residential property market is expected to be stable in 2017 but regulatory risk remains high in light of the rapid growth in property and land prices, said Moody’s Investors Service in
      527 words
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      126 16 RARE CONDO STRATA SHOPS FOR SALE BY EXPRESSION OF INTEREST Within a brand new condominium Urban Vista Exclusive 3 retail shops servicing a total of 582 residential units Just next to Tanah Merah MRT station Wide glass frontage to main road Sizes available: 377, 420, 797 sq ft Ideal for
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      119 16 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. mi W: www.smats.net E: smats@smats.net T:
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      50 16 Agency Licence No.: L*****36J KnightFrank.com.sg Lam Soon Industrial Building Freehold 93 Strata Units Ramp-up direct loading Floor Loading up to 100 kN/m2 5 minutes’ drive to Hillview MRT Close proximity to Bukit Batok Industrial Estate Bulk and per floor purchase available Free parking 6.5m ceiling height Project Sales Team6100 6261
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      101 17 Do you have the vision to be the next Businessman of the Year? Having a strong vision of the future 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 Businessman of the
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Trump gives surprise boost to Japan’s biggest pension fund GPIF
      713 18 Fund set to make more gains as stocks and greenback rally BLOOMBERG Tokyo One of the world’s most conservative investors has found an unlikely new ally in one of its most flamboyant politicians: Donald Trump. The unconventional presid-ent-elect’s victory is
      BLOOMBERG; PHOTO: AFP  -  713 words
    • Article
      Lock icon CSC Financial’s HK IPO seeks as much as US$1.06b
      334 18 BLOOMBERG Hong Kong CSC Financial Co, the Beijing-based brokerage and investment bank, and an existing shareholder are seeking as much as US$1.06 billion in a Hong Kong initial public offering (IPO). The company, formerly known as China Securities Finance Co, and
      BLOOMBERG  -  334 words
    • Article
      Lock icon Regulators race to reach pact on bank capital
      656 18 BLOOMBERG London GLOBAL banking regulators are scrambling to reach a compromise on new capital standards as political support wanes in Europe and the US for new curbs on the industry. The Basel Committee on Banking Supervision is huddling at a private meeting
      BLOOMBERG  -  656 words
    • Article
      Lock icon Hedge fund veteran backs Singaporebased GNY
      457 18 BLOOMBERG Singapore NICHOLAS Allan, co-founder of one of Asia’s earliest hedge funds, is backing a fledgling Singapore-based firm even as investors are fleeing the industry amid sub-par returns. Mr Allan, who helped start Boyer Allan Investment Management in 1998, is coming in as an
      BLOOMBERG  -  457 words
  • Page 18 Advertisements
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      79 18 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 Plaza
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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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      29 18 A CHRISTMAS GIFTTHAT KEEPSON GIVING TILL2017 From$0.90 PerIssue! AGIFTFORFRIENDSANDFAMILY 30%OR $30 off1-year print subscription fora1-year subscriptionof3digitalmagazines SUBSCRIBE AT www.sphmagazines.com. sg/xmaspromo2016 Offer valid from Nov 25 till Dec 31, 2016.
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      19 18 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg TAMPINES EXPRESSWAY TAMPINES ROAD DRIVE INDUSTRIAL TAMPINES WAFER FAB PARK TAMPINES
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Fukushima costs to almost double: report
      365 19 Compensation for 2011 nuclear disaster and decommissioning of damaged nuclear plant is now estimated at more than 20t yen, from 11t yen earlier REUTERS Tokyo JAPAN’S trade ministry has almost doubled the estimated cost of compensation for the 2011 Fukushima nuclear disaster and decommissioning
      REUTERS  -  365 words
    • Article
      Lock icon Oil investors have US$630b riding on Opec’s big decision
      506 19 BLOOMBERG London AFTER two tough years of falling oil prices and company valuations, investors in the world’s biggest energy producers have some cause for hope as crude prices continue their recovery from a 12-year low. They will be looking to Opec
      BLOOMBERG  -  506 words
    • Article
      Lock icon China may waste US$490b on unneeded coal plants: study
      355 19 BLOOMBERG Tokyo CHINA risks wasting US$490 billion by building more coal power plants than it needs as slower power demand growth and less-polluting energy sources squeeze coal generation out of the power mix, according to a study from an environmental think
      BLOOMBERG  -  355 words
    • Article
      Lock icon Exports to US help fuel Kenya plans for cotton revival
      440 19 BLOOMBERG Nairobi KENYA plans to revive its cotton industry, a major foreign-exchange earner until the 1980s, amid strong demand for lint from domestic mills and the potential to supply manufacturers exporting clothing and textiles to the United States under a
      BLOOMBERG  -  440 words
  • Page 19 Advertisements
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      448 19 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF ADMIN CONSTRUCTION PTE LTD (In Creditors' Voluntary Liquidation) Reg No. *****7846M ("the Company") NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Data analysts using Big Data to track China economy
      908 20 BLOOMBERG Beijing WU Haishan was at Princeton University studying how schools of fish swim together when the crowd behaviour of a much bigger group grabbed his attention: 1.35 billion fellow Chinese. It was Chinese New Year back home in 2014, and
      BLOOMBERG; PHOTO: BLOOMBERG  -  908 words
    • Article
      Lock icon Fearing tighter US visa regime, Indian IT firms rush to hire, acquire
      678 20 They are also turning to higher-tech services such as automation, cloud computing and AI platforms REUTERS Bengaluru ANTICIPATING a more protectionist US technology visa programme under a Donald Trump administration, India’s US$ 150 billion IT services sector will
      REUTERS  -  678 words
  • Page 20 Advertisements
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      1078 20 ASTAKA ASTAKA HOLDINGS LIMITED (Company Registration No. *****4792H) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING All capitalised terms in this notice which are not defined herein shall have the same meaning ascribed to them in the Circular to Shareholders dated 29 November 2016. NOTICE IS HEREBY
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      994 20 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 2
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      528 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF REAL ESTATE CONTINENTAL PTE. LTD. (Company No. *****0705C) (In Members’ Voluntary Liquidation) At the Extraordinary General Meeting of the above-named Company deemed to be held on 29 November 2016 the following resolutions were duly passed as:SPECIAL
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  • CONSUMER
    • Article, Illustration
      Lock icon Copenhagen charity sells surplus food to cut waste
      726 21 Selling expired food in Denmark is legal if it is clearly advertised and there is no danger to eating it AFP Copenhagen IT may be past its sell-by date, but for many Danes it’s a tasty proposition: A supermarket in Copenhagen selling
      AFP; PHOTO: AFP  -  726 words
    • Article
      Lock icon Nostalgia fuels overwhelming demand for Nintendo console
      660 21 NYTIMES New York WHEN she heard that Nintendo was planning to reproduce its iconic Nintendo Entertainment System video game console for the holiday season, Emily Bradbury put a note on her calendar and set an alarm on her phone. She was not interested
      NYTIMES  -  660 words
    • Article
      Lock icon Deliveroo riders take legal action for workers’ rights
      362 21 AFP London RIDERS for the British food courier service Deliveroo was taking legal action on Monday to demand workers’ rights in a new challenge to the so-called gig economy. In a test case that follows a court victory by Uber cab drivers,
      AFP  -  362 words
    • Article
      Lock icon Chinese e-commerce giants tracking daily sales in the billions
      355 21 BLOOMBERG Beijing PREDICTING the changing tastes of China’s consumers is becoming easier thanks to the country’s e-commerce giants, who monitor sales that can exceed US$ 17 billion in a single day. The country’s second-biggest web-based retail platform, JD.com Inc, already has
      BLOOMBERG  -  355 words
  • Page 21 Advertisements
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      350 21 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AX-S (OVERSEAS) HOLDINGS PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****6888K) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed company, whose debts or
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  • TRANSPORT
    • Article, Illustration
      Lock icon Managing change in the supply chain
      1999 22 2016 Supply Chain Awards winners share insights on the future of the industry which is facing headwinds from intense competition and technology THE logistics industry accounts for more than 7 per cent of Singapore’s GDP and employs more than 200,000 people. In recent years,
      1,999 words
  • Page 22 Advertisements
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      277 22 Dr Tee Tong Yan, ShareInvestorAcademy Trainer In this short course, Dr Tee will teach the powerful methods step by step, how to select strong global blue chip stocks, then wait patiently for different levels of crisis to buy at low price, holding for dividend income, then finally selling at high
      277 words
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      52 22 HOT PROPERTY Y TUAS STANDARD 1-ST/MEZZ fty, MRT, Land 44k/ GFA 25k sf, bal 39 yrs, Good cond, suit most trades, GEMINI SIMS Brand new B1 Fty 2626-3369sf High ceiling Mins to Aljunied MRT city. Fr $1.9M! FACTORIES FOR SALE Check out these properties and more in The Straits Times
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      46 22 Which Upcoming BTO should I buy? Upcoming BTO Launches BTO Pricing Forecast BTO news Past BTO Launches BTO Buying Guide SRX .com.sg Right Home. Right Price. L r-C er r l n rr ■n PS L rz L—; r* EI rL r r srx.com.sg/hdb/BTO 6.,. A
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Unions and gig-economy firms in US gear up for benefits battle
      785 23 Leading Democrat in New York State Assembly plans to introduce legislation early next year REUTERS New York FACED with a barrage of lawsuits from workers demanding benefits and recognition as employees, some companies in the fast-growing “gig economy” are
      REUTERS  -  785 words
    • Article
      Lock icon India launches new tax evasion amnesty scheme
      387 23 REUTERS New Delhi INDIAN Finance Minister Arun Jaitley on Monday unveiled a scheme to give tax dodgers another chance to come clean, as he sought to bring billions of dollars worth of undeclared income into the mainstream economy. The move follows Prime Minister
      REUTERS  -  387 words
    • Article
      Lock icon Global bank regulators seeking ‘miracle’ deal on capital standards
      767 23 They are scrambling as political support wanes in Europe and US for new curbs on the industry BLOOMBERG London GLOBAL banking regulators are scrambling to reach a compromise on new capital standards, as political support wanes in Europe and the US
      BLOOMBERG  -  767 words
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      Lock icon ECB ready to be ‘pillar of stability’ amid ongoing uncertainty
      782 23 BLOOMBERG Frankfurt THE European Central Bank is readying itself to again underpin the euro area’s cohesion if needed, according to Governing Council member Yannis Stournaras. As policy makers prepare to debate the future of their asset-pur-chase programme on Dec 8,
      BLOOMBERG; PHOTOS: BLOOMBERG  -  782 words
    • Article
      Lock icon Malaysia frees Bersih leader Maria Chin amid condemnation
      255 23 AFP REUTERS Kuala Lumpur MALAYSIAN police on Monday freed the head of a pro-democracy group which organised a mass rally calling on Prime Minister Najib Razak to resign over a massive corruption scandal. Maria Chin Abdullah, chair of the pro-reform NGO alliance
      AFP; REUTERS  -  255 words
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  • OPINION
    • Article
      Lock icon Despite growing non-accession, ICC deserves wide support
      587 24 EDITORIAL THE International Criminal Court (ICC) which prosecutes cases of genocide, war crimes and crimes against humanity has been taking some hard body blows lately. Human rights proponents fear the situation may lead to its unravelling. The latest country to “unsign” is Russia.
      587 words
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      Lock icon China will have to step up to the plate sooner than expected
      809 24  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 LAST week, President-elect Donald Trump confirmed his intention to withdraw the United States from the Trans-Pacific Partnership
      809 words
    • Article, Illustration
      Lock icon Russia advances its version of globalisation
      1303 24  -  It claims that Western-led globalisation is universally destructive economically, culturally and politically and responsible for sparking a worldwide revolt. BY RICHARD WEITZ BY RICHARD WEITZ T The writer is senior fellow and director of the Center for Political-Military Analysis at Hudson institute. His current
      PHOTO: AFP  -  1,303 words
    • Article
      Lock icon French ballot shows Brexit battle ahead
      1048 25  -  COMMENTARY By Andrew Hammond T The writer is an associate at the Centre for international Affairs, Diplomacy and Strategy at the London School of Economics London FORMER French prime minister François Fillon convincingly won on Sunday the country’s centre-right presidential primary. The result is
      1,048 words
    • Article
      Lock icon Singapore firms seeking growth could tap Chongqing’s bubbling potential
      856 25  -  By Steven Cranwell T The writer is head of commercial banking at HSBC Singapore ONE year on since its formation, the Chongqing Connectivity Initiative between China’s largest municipality and Singapore is starting to percolate. When Prime Minister Lee Hsien Loong met
      856 words
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      Lock icon Infrastructure shall go up with the Sound of a Trump
      1244 25  -  US president-elect may have hit upon a winner in opting to launch a major spending plan By Anthony Rowley Tokyo Dictatorships are good for infrastructure, it seems, whereas democracies are bad. Whether this is because autocrats feel happy making grand
      PHOTO: REUTERS  -  1,244 words
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  • Page 26 Advertisements
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      989 26 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
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  • LIFE & CULTURE
  • Page 27 Miscellaneous
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      320 27 CRYPTIC CROSSWORD Across 1 Minor investors’ allotments? (13) 10 Loving the commotion and the band (7) 11 No child gets two points in set(5-2) 12 Visitor hurries round to take in industrial Germany (4) 13 Staff Sergeant initially given credit (5) 14 Sort of saw for pine (4) 17 Criticise
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  • SME
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      Lock icon Lamitak founder places staff over himself
      855 28 SPECIAL FEATURE WHEN Andrew Tan received an enquiry from a rival seeking to buy over his company, he shot it down immediately. The founder and chairman of Tak Products and Services had no intention to sell even if the sum was large enough for
      855 words
    • Article
      Lock icon Going digital to grow your business
      1288 28  -  By Patrick Heyer T The writer is performance director, Ogilvy Mather Singapore. IF you run an SME you know that the Internet is an important tool for generating customer leads and new business. This is because the Internet puts you in front of your
      1,288 words
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      Lock icon Old-school taxi firms under siege from agile new players
      674 28  -  By Xavier Pavie T Professor Xavier Pavie is Associate Academic Director for MSc in Management Director of iMagination Center, ESSEC Business School. IN the last few years, the arrival of private-hire cars such as Uber, Hitch, or Grab on the market
      674 words