The Business Times, 21 September 2016

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Microfilm: NL33962
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 Wednesday, September 21, 2016 S$1.20 CO REGN NO *****2868E
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  • Article, Illustration
    Lock icon DAILY DIGEST
    217 1 The chairman of the Liberal Democratic Party’s policy research council calls on Tokyo to accelerate structural economic reform if Abenomics is to succeed. TOP STORIES 2 Singapore joins a host of countries that will be in the pilot phase of the carbon offset and reduction scheme for international
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  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 2,854.69 +2.55 KL COMP 1,655.78 +4.07 NIKKEI 225 16,492.15 -27.14 HANG SENG 23,530.86 -19.59 SHENZHEN B 1,182.63 -1.60 DOW(11.48 EDT) 18,185.43 +65.26
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  • Article, Illustration
    Lock icon Few expect September US rate hike, but market risks are rising
    773 1  -  Analysts highlight potential hawkish Fed hints and rising risk of a Trump win; bond markets nervous about rise in long-end yields By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore FINANCIAL markets are expecting only a 20 per cent chance of a
    Source: Bloomberg  -  773 words
  • Article, Illustration
    Lock icon Grab picks up US$750m funding
    710 1  -  STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE race to become the region’s top ride-hailing service just got a notch more brutal. On Tuesday, Grab announced that it has raised US$750 million in Series F funding, the largest for a South-east Asian consumer-tech startup. Led
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      53 1 *****1 *****1 THE BUSINESS TIMES Tradition Chronographe Independant 7077 ss -•> 9s 0 0 V Sr i O 0 Depuis 1775 SINCERE ESTD 1954 SINCERE FINE WATCHES Takashimaya S.C. Ngee Ann City +65 6733 061 8 Suntec City Mall +65 6337 5150 SINCERE HAUTE HORLOGERIE The Shopping Gallery at the
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      10 1 INVESTORS BEWARE Markets brace for 3 key risks EXECUTIVE MONEY/28
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      28 1 HOCK LOCK SIEW Agri firms with sustainable practices may win the hearts of investors companies markets 6 MIDDLE-CLASS WOES It’s still not ‘Morning Again in America’ OPINION 22
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      16 1 Editorial: Status quo in policy stance likely to prevail at both Fed and BOJ, Page 22
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  • TOP STORIES
    • Article, Illustration
      Lock icon LDP policy chief hints at shift in priorities under Abenomics
      738 2  -  Ahead of BOJ meeting, party official talks of expediting structural economic reform, including productivity push By Anthony Rowley btworld@sph.com.sg Tokyo THE chairman of the ruling Liberal Democratic Party’s policy research council on Tuesday called on Tokyo to accelerate structural economic
      PHOTO: REUTERS  -  738 words
    • Article, Illustration
      Lock icon HPL appoints IHG to manage upcoming 83-room Maldives resort
      617 2  -  By kalpana@sph.com.sg Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore SINGAPORE-BASED Hotel Properties Limited (HPL) has inked a management agreement with InterContinental Hotels Group (IHG) to manage an 83-room resort that will be open in Maldives in three to five years’ time. This will
      617 words
    • Article
      Lock icon All eyes on Indonesia’s Islamic finance sector for its high growth potential
      625 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur ISLAMIC finance players are keeping a close watch on Indonesia’s nascent strides in the sector because of its high growth potential a large Muslim population but low penetration rate. Even so, its
      625 words
    • Article
      Lock icon S’pore keen to join pilot phase of UN carbon offset scheme for aviation
      787 4  -  Voluntary phase of ICAO initiative starts from 2021 before turning mandatory from 2027 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore SINGAPORE has joined a number of countries that have indicated their willingness to participate in the pilot
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    • Article, Illustration
      Lock icon ‘Reinventing tomorrow’ with SWITCH and new tech consortia
      704 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore DEPUTY Prime Minister Teo Chee Hean kicked off the inaugural Singapore Week of Innovation and Technology (SWITCH) on Tuesday by unveiling two national-level consortia in cybersecurity and synthetic biology, as part of Singapore’s efforts to further
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    • Article
      Lock icon More SMEs join ranks of fastest-growing companies
      604 5  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore DESPITE a weakening economy and challenging business conditions, the number of small and medium-sized enterprises (SMEs) among Singapore’s 50 fastest-growing companies has reached its highest number in the past five years. Going up from eight SMEs last
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    • Article
      Lock icon Stripe’s Singapore launch kick-starts its Asian expansion
      307 5 It plans to eventually enter Japan and Hong Kong BLOOMBERG Singapore STRIPE Inc, the US payment startup backed by Sequoia Capital and PayPal founders Peter Thiel and Elon Musk, is bringing its service to Singapore to help local startups build online businesses. The
      BLOOMBERG  -  307 words
    • Article
      Lock icon Payment provider’s S’pore foray a wise move
      359 5  -  COMMENTARY By Tim Culpan BLOOMBERG Taipei STRIPE has finally marked its official arrival in Asia with the opening of a Singapore office. After expanding to two dozen countries across the globe, it makes sense for the San Francisco-based payments provider to pick Singapore
      BLOOMBERG  -  359 words
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      215 2 11l.jilt i with the freedom of your own personal assistant Experience the best of city living when you stay at Pan Pacific Serviced Suites Beach Road, Singapore or Pan Pacific Serviced Suites Orchard, Singapore. Attentive round-the-clock Personal Assistants will help ease you into the rhythm of daily life, whether it
      215 words
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      37 3 Smart is cyber security that protects your business before an attack. Ml provides smart solutions to Detect and resolve security risks Monitor your network 24/7 Smart is making a difference for every one. Ml. FOR EVERYONE. ml.com.sg
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      78 5 REASONS TO MAKE THE CONCOURSE YOUR BUSINESS ADDRESS 1 Auspicious octagon-shaped floor plate 2 Located just at the edge of the Restricted Zone/ERP gantry 3 Sheltered link bridge to Nicoll Highway MRT 4 Inspiring sea and city views 5 Great F&B outlets in the vicinity 6 Ample parking spaces 7
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Agri firms with sustainable practices may win the hearts of investors
      917 6  -  HOCK LOCK SIEW BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT GOLDEN Agri-Resources and Wilmar International in the past three weeks released their sustainability reports without much fanfare, save for a short press release by each firm. The quiet reception to the
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    • Article
      Lock icon Lippo Malls trust selling perps with 7% coupon
      307 6  -  B y Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore LIPPO Malls Indonesia Retail Trust (LMIR) is selling perpetual bonds offering a tantalising 7 per cent coupon amid a tough environment for high yield debt. “It looks like the highest (coupon) so far this
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    • Article
      Lock icon Bond losses expose the vulnerability of Singapore’s not-so-rich investors
      1089 6 BLOOMBERG Singapore WHEN Elaine Tham signed an “accredited investor” form with her bank in Singapore two years ago, she took a fateful step toward losing all the money she had set aside for her children’s education. Based on her financial profile
      BLOOMBERG  -  1,089 words
    • Article, Illustration
      Lock icon Key shareholders of Poh Tiong Choon Logistics to review their holdings
      545 8  -  But quartet says there’s no assurance any transaction involving the company would result; trading halted with immediate effect By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE co-founders of Poh Tiong Choon Logistics (PTC Logistics) and some substantial shareholders, who collectively
      Source: Bloomberg  -  545 words
    • Article, Illustration
      Lock icon Long-only fund Azure pins its hopes on Singapore stocks
      565 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MONEY can still be made in Singapore stocks, said Terence Wong, the former RHB Research head who is now the CEO of Azure Capital. “I have this wish, this ambition to really push the Singapore
      PHOTO: AIDAN LOO  -  565 words
    • Article
      Lock icon Aztech’s co-founder Michael Mun seeks to take company private
      560 9  -  Proposed delisting to come with an exit offer of 42 Singapore cents per share By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AZTECH Group’s co-founder Michael Mun Hong Yew has proposed to delist the mainboard-listed company with an exit cash offer of 42
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    • Article
      Lock icon Online grocer RedMart said to be seeking buyer
      346 9 BLOOMBERG Singapore REDMART Ltd, the Singapore online grocer backed by billionaire Facebook Inc co-founder Eduardo Saverin, is seeking a buyer as competition intensifies in the city-state, people with knowledge of the matter said. RedMart is working with an investment bank on options
      BLOOMBERG  -  346 words
    • CORPORATE DIGEST
      • Article
        Lock icon Tritech Group
        141 9 TRITECH Group has received a requisition notice from three parties to convene an extraordinary general meeting (EGM) to remove two directors and appoint four new directors. The requisitioners Adonis Investment Holdings Pte Ltd, UOB Kay Hian Private Ltd and Phillip Securities Pte Ltd are seeking to remove independent
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      • Article
        Lock icon CWT
        59 9 integrated logistics and supply-chain solutions provider CWT’s financial services arm, Straits Financial Group, has obtained regulatory licence from Indonesian regulators to operate a physical commodity exchange and a dedicated clearing house in Indonesia. The physical exchange will be branded separately as Asia Commodity Marketplace (ACM), CWT said.ACM plans to
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      • Article
        Lock icon Japfa
        85 9 JAPFA’S wholly owned subsidiary, PT So Good Food (SGF), on Tuesday entered into a joint venture agreement with PT Cargill Food Investment Indonesia and Cargill Meats (Thailand). The joint venture company, PT Cahaya Gunung Foods, has an initial capital subscription of US$6 million with 40 per cent belonging to
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      • Article
        Lock icon Sunpower Group
        59 9 MAINBOARD-listed Sunpower Group, which designs and builds energy conservation products in China, has secured a 22.58 million yuan (S$4.6 million) contract to provide services for a coal liquefaction project in Inner Mongolia from china Shenhua Coal to Liquid and Chemical (CSCLC). The contract will be completed next year,
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      • Article
        Lock icon China International Holdings
        37 9 china international Holdings has been approached by various investor groups in connection with a potential acquisition of a subsidiary, the diversified investment holding company announced on Tuesday after the market closed. Discussions are preliminary.
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      • Article
        Lock icon New Silkroutes
        91 9 NEW Silkroutes Group said that it will consult the Singapore Exchange (SGX) on whether shareholder approval is required for a planned acquisition of a chain of traditional Chinese medicine clinics. New Silkroutes said that it is also of the view that director Vivien Chen is still considered independent
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    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist Straits Times Index Sept 20, 2016 2,854.69 +2.55 (+0.09%) Current streak 3 days Day high 2,854.69 Day low 2,840.95 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Sept 20,2016 433.67 -2.40 (-0.55%) Current streak 1 day Day high 438.46 Day
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    • Article
      Lock icon GAINERS
      73 10 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 488.7 3.0 *****/9646 JMH USD 6250 217.8 2.6 6371/4500 DBXT MSTaiwan US$ 2290 102.1 3.4 2328/1667 DBXT MSJAP US$ 4955 81.7 1.2 5021/4031 DBXT STGLDv US$ 3080 53.1 1.3 3384/2731 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.3 200.0
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -84.4 -0.5 *****/***** DBXT Vietnam US$ 2408 -36.8 -1.1 2533/2017 DBXT S&P500 US$ 3718 -34.0 -0.7 3790/3126 HongkongLand USD 695 -25.9 -2.7 786/555 DBXT E50 US$ 4444 -24.5 -0.4 5000/3918 BY PERCENTAGE CLOSE DOWN 52w high/low Viking W*****5 0.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      77 10 VOL CLOSE($) CHANGE Aztech 386.9 0.415 +0.090 +27.69 Infinio 3,142.8 0.003 +0.002 +200.00 Singapore-eDev 1,168.9 0.035 +0.006 +20.69 InnoPac 2,945.0 0.002 +0.001 +100.00 FJ Benjamin 488.3 0.055 +0.015 +37.50 Moya Asia 5,896.7 0.041 +0.003 +7.90 AsiaMedic 4,068.4 0.067 +0.004 +6.35 Excelpoint 351.5 0.355 -0.035 -8.97 Attilan 27,169.0 0.009
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    • Article, Illustration
      Lock icon Penny stocks still in play as STI drifts
      640 10  -  Churning in these shares continues on Tuesday but price movements are not as aggressive as the day before STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT PENNY stock churning, particularly in Monday’s segment leaders ISR Capital, LionGold, Attilan and Blumont continued on Tuesday but
      Source: Bloomberg  -  640 words
    • Article
      Lock icon STI STOCKS
      302 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 +1 242/237 257 209 6.3 6725.7 CapitaCom Trust 157.5 unch 159/157 164 127 5.5 4666 CapitaLand 311 -4 316/309 340 267 12.4 2.9 *****.9 CapitaMall Trust 214 +3 214/210 225 185
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME Magnus Energy 225,923,300 Annica 160,350,000 Addvalue Tech 98,393,000 Noble 84,282,500 ISR Capital 31,397,600 Market volume 1,594,713,000 VALUE UOB 132,017,288 Singtel 53,844,485 DBS Grp 48,135,046 OCBC Bank 44,995,071 CapitaLand 41,037,579 Market value 940,624,000
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    • Article
      Lock icon SGX ETFS
      106 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 150 290/288 314/254 288/290 DBXT MSRussia US$ US208 -1 80 209/208 217/129 206/207 ABF SG Bond ETF 118.6 -1 47 119/118.6 119.9/112.1 118.6/119 541.4 IS MS INDIA US$ US730 -4 36 730/730 772/575
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Sep 20 VALUE CLOSE BT OB/OS -73.00 -155.00 BT CADI -*****.00 -26.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 684.67 +0.99 FTSE ST Small Cap 379.65 -1.03 FTSE ST All Share 700.55 +0.44 FTSE ST China Top 159.43 -0.22 FTSE ST China 194.36 -0.95 FTSE
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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 Sept 20, 2016 700.55 +0.44 (+0.06%) Current streak 3 days Day high 700.55 Day low 697.88 52-week high 743.17 (Oct 26, 2015) 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 Sept 19,2016 1,681.46 +16.69 (+1.00%) Current streak 1 day Day high 1,682.23 Day low 1,662.47 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 2 0 1 0 3 9 2 Manufacturing 34 35 26 9 5 13 43 40 39 Commerce 18 14 16 4 4 5 22 18 21 Tpt/Stor/Comms 16 12 2
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,399 124 11,523 32,700 21 32,720 Manufacturing 64,904 223,983 288,887 75,242 3,048 78,290 Commerce 107,244 28,740 135,984 55,963 403 56,366 Tpt/Stor/Comms 107,908 535 108,443 144,458 53 144,511 Finance 52,679 62 52,741 245,290 8 245,298 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon SingPost Buy
        107 10 Target price: S$1.77 Sept 20 close: S$1.465 Maybank Kim Eng Research, Sept 20 OUR earlier concerns are gradually being addressed: i) corporate governance issues are fading with a partial revamp of the board and SingPost taking on various recommendations; ii) signficantly lower risk of more major acquisitions common
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      • Article
        Lock icon ComfortDelGro Buy
        203 10 Target price: S$3.11 Sept 20 close: S$2.80 UOB Kay Hian Research, Sept 20 WE reckon the share price pullback is due to several factors, including concerns over the New Rail Financing Framework (NRFF) terms for the North-East Line (NEL), margin outlook for the bus government contracting model and
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      • Article
        Lock icon Singapore market
        156 10  -  Compiled by Jamie Lee CIMB Research, Sept 19 “Any good news in Singapore?” was a common question during our recent marketing trip to Singapore and Malaysia. Among the regional funds, investors were mostly underweight on Singapore, with a minority sticking to index names such as Singtel and ComfortDelGro.
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    • Article
      Lock icon CALENDAR
      12 10 DATA/EVENT I S’pore COE bidding results I US MBA mortgage applications
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    • Article
      Lock icon Yen edges up as traders doubt BOJ’s firepower
      411 11 CURRENCIES REUTERS London THE yen edged up against the dollar on Tuesday as traders doubted that the Bank of Japan will be able to meaningfully weaken the yen when it meets on Wednesday, and bet that the US Federal Reserve will not
      REUTERS  -  411 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Sep 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.998 5.044 0.675 5.865 50.662 99.422 0.769 8.473 3.130 1.028 79.074 36.179 1.030 10.512 0.739 23.709 26.325 0.580 0.756 Canada 1.002 5.054
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Sep 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0292 1.0299 0.7561 0.7562 Canadian dollar 1.0311 1.0321 0.7577 0.7575 Euro 1.5247 1.5257 1.1201 1.1202 NZ dollar 1.0008 1.0018 0.7352 0.7355 Sterling pound 1.7738 1.7752 1.3031 1.3034
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Sep 20 S$ Bid Offer 1-month 1.3609 1.3621 2-months 1.3609 1.3618 3-months 1.3610 1.3620 6-months 1.3608 1.3620 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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        Lock icon HANG SENG
        2 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 BONDS, WARRANTS, PREFERENCE SHARES
        199 11 Most active Sep 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 11.4 0.4 2792 0.1 1550 5 DBS VT eCW*****2 4.7 -0.2 2079 0.1 1618 3 DBS VT eCW*****3 13 0.4 1610 0.1 1508 5
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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 Sep 19 Index Change Change Change Change Change Change World Preliminary 1295.7 0.6 1.4 0.2 -1.5 0.7 2.7 EAFE Preliminary 963.9 0.8 -4.9 0.5 -6.0 1.0 -2.0 Europe Preliminary 1385.8 1.2 -1.9
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        387 11 Sep 20 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9657.50 9662.50 9590.00 9637.50 *****9 *****1 Oct16 9670.00 9670.00 9610.00 9652.50 7038 ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar17 *****.00 *****.00 *****.00 *****.00 162 836 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        161 11 Sep 20 $S Offer Bid 0vernight 0.05 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.10 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        61 11 Sep 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.08 5-Year NX*****X 2.250 01-Jun-21 104.25 104.25 104.20 10-Year NX*****F 2.125 01-Jun-26 102.39 15-Year NZ*****F 2.875 01-Sep-30 108.55 108.65 108.55 20-Year NZ*****X 2.250 01-Aug-36 100.15 30-Year NA*****H 2.750 01-Mar-46
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        256 11 Sep-19 Price Net change change Last Trade Agricultural Sep-19 CBOT Soybeans (US cents/bu) 972.50 6.50 0.67% 14/11/2016 CBOT Soybean Oil (US cents/lb) 32.83 0.85 2.66% 14/10/2016 CBOT Wheat (US cents/bu) 404.00 0.75 0.19% 14/12/2016 Sep-19 LIFFE Cocoa (£/tonne) 2298.00 52.00 2.32% 13/12/2016 LIFFE Coffee (US$/tonne) 1953.00 30.00 1.56%
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    • Article
      Lock icon SGX MAINBOARD
      3699 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 142 unch 172 143 141 0.9 8 905 Div 144 101 ARA Asset Mgmt 136.5 +1 76 137.5
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    • Article
      Lock icon SGX CATALIST
      302 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 46.5 29.5 t Advancer Global 43xd -0.5 596 43 42.5 17.1 74.5 LOW 16.2 4.5 t Alliance Mineral 8.8 unch ***** 9.2 8.8 42.3
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    • Article
      Lock icon SGX ETF
      99 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3240 2355 DBXT China50 US$ US3177 +2 4 3183 3177 8.7 Day 1387 995 DBXT MSCHINA US$ US1352 +22 14 1355 1351 6041 4629 DBXT MSKorea US$
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      112 6 SINGAPORE MEDIATION LECTURE 2016 Bringing Dispute Resolution to the Internet: Online Dispute Resolution Speaker Mr. Colin Rule Co-Founder and Chief Operating Officer of Modria.com Wednesday, 12 October 2016 5.30pm to 7.00pm (Registration starts at 5.00pm) Venue Singapore Management University Mochtar Riady Auditorium, Administration Building Level 5 81 Victoria Street, Singapore
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      80 7 •v n&ss&jr m 4- r«*> >• vA Uryfi y 3< uit /r x*Ai iiXiiill tm-r •c m yjj i flv SM '-.v'l M X4 ..v; i K 1 y, I v«i M s,w |h r*Sty v'v t 1 y m fc.» T%\ v 5 AX, 1 i lbs X X
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      265 8 Hosted by: InnovationAttitudes Globalisation Digital behaviourWellnessDisruptionAsianConsumerInsightsShoppingTechnology FUTURE WORLDS Expectations 2016 ACI ASIA BUSINESS SUMMIT 8am 5pm 10 October 2016 Stamford Ballroom, Raffles City Convention Centre What will the possible changes and shifts in the Asian consumer market be in the next five to twenty years? This is a crucial question
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      29 8 zaobacf w&mtti ctfKilSiflteS-lT Alternative animal therapies 0ft m bit.ly/ZB *Chinese Language Content W > 5 Keep calmm and drink k pi Grab a copy at all good bookstores and www.stpressbooks.com.sg
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      515 8 InvestorRelationsHighlights MMP Resources Limited signed agreement with Alliance Brands Limited Mainboard-listed MMP Resources Limited (the “Company”) together with its subsidiaries (the “Group”), announced that it had signed a definitive Agreement with Alliance Brands Limited (“ABL”), a global brand development and operational company. The Agreement will enable the Company to execute
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      244 9 Cathay Pacific Airways Limited 4i i iia x r Shighai 8 ■o <rX. m fcv; KwiR i P( P! w 92* i m Z' -i- r^s sfts San Francisco $4,338* Rediscover flying in style and comfort. Experience our award-winning Business Class with a companion at special fares. Book tickets online
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      71 12 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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      870 13 CITI SPONSORED PAGE Wealth management: how top executives think To get a sense of business leaders’ views on financial planning and money management, The Business Times and Citibank Singapore polled top executives on their thoughts in August 2016. Here is a summary of their responses. 3 KEY TAKEAWAYS Top financial
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  • REAL ESTATE
    • Article, Illustration
      Lock icon GSH Corp debuts luxe condominium in KL
      355 14  -  By Tan Effie taneffie@sph.com.sg Singapore SGX-LISTED GSH Corporation Limited, a regional property developer, announced on Tuesday that its wholly owned subsidiary, City View Ventures Sdn Bhd, launched Eaton Residences, a 632-unit luxury condominium in the heart of Kuala Lumpur’s city centre. Some 200
      355 words
    • Article, Illustration
      Lock icon GCB in Lady Hill Road sold at S$24m or S$1,423 psf
      871 14  -  Low psf price due to age; buyer understood to be investing legend. Ewart Park bungalow fetches S$19m or S$1,161 psf By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE Good Class Bungalow (GCB) market continues to buzz with activity. The latest
      PHOTO OF LADY HILL BUNGALOW: ARTHUR LEE  -  871 words
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      327 14 CM A DT Investment W wl T IMI\ I International Property Expo All About Property Financial Investment A i; IS’I Bay Sands Over 22 Investment Seminars Wide Selection of Overseas Properties on Offer (w J CANADIAN PROPERTY: TRENDS AND OPPORTUNITIES INFLUENCE 247 WIN PEOPLE OVER 5 KAREN LEONG Director Influence
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      138 14 X-PRESS FEEDERS NOTICE TO TRADE WINTER SEASON CHARGE Singapore/Port Klang/Colombo to Kolkata and vice versa In order to recover the loss in revenue during the winter season, we will be implementing a Winter Season Charge (WSC) of USD 106.00 per TEU on all SOC shipments (laden) from Singapore/Port Klang/Colombo to
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      42 14 International Residential Property Services Vanessa Chan CEA REG NO. R*****31 +65 8125 7636 Vanessa.Chan@ap.jll.com Jones Lang LaSalle Property Consultants Pte Ltd CEA Licence No. L*****26E Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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      1398 15 A Special Feature Brought to You By Singapore Management University Opportunities of luxury retail in a digital world Luxury brands need to better understand their customer base and take advantage of social media, says SMU marketing professor Srinivas Reddy THE land of designer bags and fancy jewellery in brick-and-mortar stores
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  • BANKING & FINANCE
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      284 16 26th 30thSeptember 2016 Mandarin Orchard Hotel SINGAPORE2016CORPORATEGOVERNANCE WEEK 7th “Change Innovation in Governance” to register for the programmes! Last 3 days ORGANISED BY: GLOBAL CORPORATE GOVERNANCE CONFERENCE Usual Price: $450* Member Price: $350* [6 CPD points] 26th September Monday 9.00am 5.00pm INTERNATIONAL AND LOCAL CORPORATE GOVERNANCE EXPERTS WHO WILL SHARE
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon India defies world losses with steel output growth
      872 17 Country’s steel groups target record output in 2016 and aim to nearly triple capacity over the next decade BLOOMBERG Mumbai AT A TIME when a surplus is forcing steel mills to close around the world, India’s debt-laden producers are ramping up to
      BLOOMBERG; PHOTO: BLOOMBERG  -  872 words
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      814 17 An important reminder for SMRT shareholders to attend the SCHEME MEETING Belford, a wholly-owned subsidiary of Temasek, has proposed to acquire SMRT 111 by way of a scheme of arrangement. The Scheme Meeting will be held for minority Shareholders to vote on the Scheme, and will follow the NRFF EGM,
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  • TECHNOLOGY
    • Article
      Lock icon Twitter eases 140-character tweet limit to boost growth
      668 18 New policy no longer factors in certain add-ons, including pictures, into a message’s length AFP Washington TWITTER announced on Monday it was easing its 140-character limit on tweets, in the latest effort to broaden the appeal and boost the user base of
      AFP  -  668 words
    • Article
      Lock icon ARM launches new safety chip for self-driving cars and robots
      435 18 BLOOMBERG London ARM Holdings Plc, the UK company that designs the semiconductors found in most of the world’s smartphones, has introduced a chip engineered to move the company into new markets including self-driving cars and surgical robots. ARM, acquired by
      BLOOMBERG  -  435 words
    • Article, Illustration
      Lock icon Oracle takes aim at Amazon with new cloud services
      529 18  -  San Francisco BLOOMBERG ORACLE Corp unveiled new services that help customers take advantage of cloud computing, putting it more directly in competition with Amazon.com Inc. The company announced Cloud@Customer, which puts the same hardware and software Oracle uses in its data
      BLOOMBERG; PHOTO: BLOOMBERG  -  529 words
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      50 18 zaobacf pa §r Your essential Chinese news and infotainment choice is now here. The newly upsized and refreshed zaobao.sg incorporates enriching content from Lianhe Zaobao, Lianhe Wanbao and Shin Min Daily News. Explore now www.zaobao.sg Q B Download on the I k GETITON lianhe zaobao AppStore I Google Play It/fl
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      177 18 Singapore INTERNATIONAL INDIAN EXP***** w'—' 9 > 4 o 4K 4 Si -Vi comets ZGb umh. SUNTEC CONVENTION EXHIBITION CENTRE, HALL: 401 402 22nd 25th SEP2016,10AM TO 10PM OVER 160+ EXHIBITORS WITH *****+ PRODUCTS MRS INTERNATIONAL SINGAPORE 2016 TALENT SHOWCASE LIVE PERFORMANCE BY WORLD MUSIC BAND LOTUS COLLAB SGS NAVRATRI
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  • CONSUMER
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      17 19 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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      52 19 NOTICE TO TRADE WINTER SEASON CHARGE Singapore to Kolkata/Haldia and vice versa With effect from 20 October 2016, we will apply a Winter Season Charge (WSC) of USD 108.00 per TEU on all SOC shipments (laden) from Singapore to Kolkata/ Haldia and vice versa. Samudera Shipping Line Ltd Date: 21
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Spain outperforms Germany and major European economies
      752 20  -  The devaluation of the euro to 1.11 against the US dollar helps boost its tourism and motor industries By Neil Behrmann btworld@sph.com.sg London FOLLOWING a deep recession four years ago, a steep recovery of the Spanish economy has foiled forecasters. Indeed, at growth
      752 words
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      Lock icon Housing starts, building permits fall in August
      441 20 But a rebound in permits for single-family dwellings suggests demand for housing remains intact LATEST US DATA REUTERS Washington US housing starts fell more than expected in August as building activity declined broadly after two straight months of solid increases, but a rebound
      REUTERS; PHOTO: BLOOMBERG  -  441 words
    • Article
      Lock icon Indonesia finance chief defends tax amnesty
      338 20 REUTERS Jakarta INDONESIA’S tax amnesty is collecting funds to help grow the economy and does not pardon tax evaders, its finance minister on Tuesday told a court assessing whether the pivotal government programme is constitutional. The amnesty, launched in July, is a top priority
      REUTERS  -  338 words
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      Lock icon New York bomb suspect charged with attempted murder
      565 20 AFP New Jersey AN Afghan-born American was charged on Monday with attempted murder after being shot and captured in connection with bombings in New York and New Jersey, thrusting security fears into the heart of the election. Saturday’s attacks, which wounded 29
      AFP  -  565 words
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      161 20 The Business Times Showtime Productions present a night of jazz in collaboration with Esplanade Theatres on the Bay Jazzy Business September 30, 2016 Friday, 8pm Esplanade Concert Hall Celebrates BT’s 40th birthday and Cultural Medallion recipient Jeremy Monteiro’s 40th year in showbiz with a programme that includes Grammy-winning jazz guitarist
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  • TRANSPORT
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      123 21 NOTICE TO TRADE WINTER SEASON CHARGE Singapore/Port Klang to Kolkata and vice versa We wish to notify the trade that with the impending winter season in Kolkata and in order to recover the loss in revenue arising from the situation, a Winter Season Charge (WSC) of USD 105.00 per TEU
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  • OPINION
    • Article
      Lock icon Status quo in policy stance likely to prevail at both Fed and BOJ
      596 22 EDITORIAL TODAY is a big day for central bank policy. The key monetary policy committees of both the Bank of Japan (BOJ) and the US Federal Reserve will reveal their next steps within hours of each other.
      596 words
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      Lock icon It’s still not ‘Morning Again in America’
      1653 22  -  While the top 1% bask in the light, most of middle-class America seems mired in dreariness By Leon Hadar IT has become one of the classic political television commercials of all time, known for its opening line, “Morning Again in America”. The commercial
      PHOTO: AFP  -  1,653 words
    • Article
      Lock icon It takes a cyber community to prevent online attacks
      748 22  -  THE BOTTOM LINE By Stephen Scharf T The writer is chief security officer at the Depository Trust Clearing Corporation IN the wake of the September 2001 attacks, firms around the world turned their attention to enhancing physical security as part of
      748 words
    • Article
      Lock icon Sharing the Swedish recipe for innovation
      1086 23  -  COMMENTARY By Mikael Damberg T The writer is Sweden’s Minister for Enterprise and innovation LAST month, Cornell University and its publishing partners presented its global innovation index for the 10th time. Sweden reached second place, after Switzerland. Since 2011, Sweden has finished top three
      1,086 words
    • Article
      Lock icon Third-party funding regulation impeding Asian legal market
      796 23  -  By Matthew Secomb T The writer is a Singapore-based partner at White Case international law firm THIRD-PARTY funding which offers an alternative way to fund a legal claim has traditionally been met with suspicion and scepticism. Third-party funding allows a commercial fund with
      796 words
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      Lock icon CLIMATE CHANGE BREAKTHROUGH AT THE UN
      1087 23  -  But this week’s gathering must be seen as the start of a longer journey that governments and legislators must now undertake. BY ANDREW HAMMOND undertake.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy)
      PHOTO: AFP  -  1,087 words
  • Page 22 Miscellaneous
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      134 22 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)
      134 words
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      1983 24 S-*- THE BUSINESS TIMES SHIPPING TIMES C a i l a n ~E n n o B r i s b a n e r e J e d d a h Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o
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      244 24 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 188 PRW210 22/09/2016 23/09/2016 Pelindo/Perawang DAILY Marco Polo 298 PRW068 22/09/2016 23/09/2016 Perawang/Perawang DAILY Marco Polo
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  • LIFE & CULTURE
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      394 25 NOTICES NOTICE OF SPECIAL RESOLUTION GMP Search International (S) Pte. Ltd. Co Regn No: *****5616Z Incorporated in Singapore Notice is hereby given that at an Extraordinary General Meeting of the Company duly convened and held on 16 September 2016, the following Special Resolution was passed: That pursuant to Section 290(1)(b)
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      170 25 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LEGEND RISE INVESTMENTS PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****3391H NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which is being wound up voluntarily are required on or before the 21st
      170 words
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      244 25 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices Joey Choy ShareInvestor Academy Trainer Joey is one of the Award-Winning Top Tier Remisiers (Stock Brokers) and Traders in Singapore. He was awarded Top CFD specialist in 2013, Top Account Growth
      244 words
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      31 25 > p i mm How much money have you made on your home? i rr $104,000 my Capital Gain $104,000 (12.68%) S-100K 2008 2009 2010 2011 2012 2013 2014 2015 2018 SRX.com.sg/property-tracker
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  • Page 25 Miscellaneous
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      323 25 CRYPTIC CROSSWORD Across 1 Cuts into two parts, taking half second (7) 5 Bill is an aristocrat, it’s said (7) 9 A temple ornament? (5) 10 Fear capture (9) 11 Letter-openers? (10) 12 Beast left one with no going back (4) 14 It’s not in one’s own interest to display
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  • Page 26 Advertisements
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      486 26 a i t m m .A INVESTMENT STRATEGY FRANKLIN TEMPLETON INVESTMENTS CUT LOOSE FROM CHAOS WITH A NEW ALTERNATIVE. In today’s unpredictable market environment, volatility can leave you feeling unravelled when it comes to returns. If you are looking to reduce the impact of instability, consider Franklin K2 Alternative Strategies
      486 words
  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Asking price for US$100k artwork: US$20k
      1082 26 At auction houses in London and New York, sellers are preparing to bail on their investments after the resale market for once sought-after young artists dried up BLOOMBERG New York ART dealer and collector Niels Kantor paid US$ 100,000 two years ago for an
      BLOOMBERG  -  1,082 words
    • Article
      Lock icon Japan funds reluctant to buy local debt after selling abroad
      601 27 BLOOMBERG Tokyo THE tide of money flowing out of Japan has turned, but the nation’s investors say that it is too early to dive back into their own debt. Domestic investors sold overseas bonds for two straight weeks in the
      BLOOMBERG  -  601 words
    • Article
      Lock icon Global investors continue to buy emerging market bonds despite sell-off
      754 27 They are betting that the retreat will be short-lived as economic forecasts for developing nations improve BLOOMBERG London TUMBLING bond prices are doing little to dull the clamour for emerging market bonds among global investors. Amundi Asset Management and Carmignac
      BLOOMBERG  -  754 words
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      Lock icon Markets brace for 3 key risks
      1333 28 Super Wednesday, a rise in volatility from Sept-Nov and the tumultous US presidential election will put investors on the back foot. BY LIM SAY BOON T The writer is chief investment officer at DBS Bank. T The column can be accessed at www.dbs.com/aics/home.page ASSET
      PHOTOS: AFP, REUTERS; Source: Bloomberg, Robert J. Shiller, DBS CIO Office as at September 19,2016  -  1,333 words
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      274 27 Q Mn»fn <) Suppon/ChK toan|«re*n<n most 0.20. -10.2.0. Kjm FiTImi* M" .ii .*i*l \A U mmm (OC tsu >14* ISK jj*i jr» j]| <070 407) „..r> r Styt* c*r~r-p jj: PMItrnt ij».o* )j*j« ijooj m.77 mi*,.. 2 A f> cr«m.Cn«My.9nJun.1t ijj.44 UUI U5W ».40 SJ.41 -0. l WT 53 *0
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      57 28 Check in, then CHECK OUT EMIRATES FIRST AND BUSINESS Start your journey in one of our 38 luxury lounges worldwide. Enjoy gourmet dining with premium wines and spirits. Hello Tomorrow Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore.
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