The Business Times, 22 September 2016

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Microfilm: NL33962
Total Pages: 24
1 24 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES www.businesstimes.com.sg @BusinessTimes S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MCI (P) 052/08/2016 Thursday, September 22, 2016
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  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 2,850.74 -3.95 KL COMP 1,658.73 +2.95 NIKKEI 225 16,807.62 +315.47 HANG SENG 23,669.90 +139.04 SHENZHEN B 1,188.20 +5.57 DOW(11.45 EDT) 18,175.02 +45.06
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  • Article, Illustration
    Lock icon DAILY DIGEST
    206 1 Dual-class listings, when they eventually happen, will be limited in number, Gautam Banerjee, chairman of SGX’s Listings Advisory Committee, tells BT. TOP STORIES 2 Regional governments and the private sector will have to work together in order for the potential of the liquefied natural gas market in South-east
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  • Article, Illustration
    Lock icon BOJ turns focus to bailing out finance houses in latest policy moves
    822 1  -  Central bank signals a shift from monetary base control to controlling interest rates along the yield curve, which should help banks’ profitability By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) on Wednesday announced the results of
    PHOTO: BLOOMBERG  -  822 words
  • Article
    Lock icon O&M players eyeing govt backstop for debt pool
    784 1  -  in the meantime, lower JTC rents and foreign worker levy relief could be sorely needed reprieve By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore EMBATTLED offshore and marine (O&M) players’ ultimate wish list may be for the state to backstop loans to spur banks
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      Lock icon Page 1 Advertisements Column 1
      81 1 *****1 *****1 THE BUSINESS TIMES OVERSEAS Bearing the prestigious Hallmark of Geneva, this timepiece is the ideal companion for an extraordinary voyage that reveals a unique perspective on the world. It is the only watch of its kind. CRAFTING ETERNITY SINCE 1755 VACHERON CONSTANTIN GENEVE r ■^OHfcHON es 35 Irb
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      40 1 WOK HIGH Michelin launches China guide LIFE CULTURE 24 SMOOTH RIDE Customer satisfaction up in Q2 for local air and land transport top stories 4 REAPING THE REWARDS Singapore households 10th richest in the world: Allianz report companies markets 5
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      10 1 Singapore offshore support vessel sector bleeds more jobs, Page 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Only small number of dual-class listings expected
      814 2  -  SGX listings advisory panel says “default position” is to list one-share, one-vote firms By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore THOSE concerned that the Singapore Exchange (SGX) will experience a flurry of dual-class (DC) listings need not worry as the number is expected to
      PHOTO: DON CHI/THE STRAITS TIMES  -  814 words
    • Article
      Lock icon Singapore offshore support vessel sector bleeds more jobs
      626 2  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THREE leading offshore support vessel owner-operators have downsized operations out of Singapore, in light of depressed contracting activity and charter day rates in South-east Asia. The Business Times understands that Deep Sea Supply (DSS) and
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    • Article, Illustration
      Lock icon Global economy stuck in ‘low-growth trap’ with no easy escape: OECD
      745 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Organisation for Economic Co-operation and Development (OECD) has diagnosed the global economy as being stuck in a “low-growth trap, with poor growth expectations depressing trade, investment, productivity and wages”. It said in the
      PHOTO: REUTERS  -  745 words
    • Article, Illustration
      Lock icon JTC to trial robot for building inspection
      563 3  -  If trial in 2017 is successful, there will be cost savings while ensuring inspection consistency and accuracy By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore EARLY next year, a Wall-E lookalike autonomous robot will be deployed in an almost-completed industrial project in Singapore’s west to
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    • Article
      Lock icon Car COE premiums soften in 2nd Sept bidding
      410 3  -  By Samuel Ee samuelee@sph.com.sg CERTIFICATE of entitlement (COE) premiums for passenger cars were all lower for the second bidding exercise of this month, as the slowing economy weighed on vehicle purchases. Category A, for cars below 1,600 cc or 130 hp, fell
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    • Article
      Lock icon Customer satisfaction up in Q2 for air and land transport sectors
      525 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CUSTOMER satisfaction rose year-on-year in the second quarter for land transport, public education and air transport, according to the latest Customer Satisfaction Index of Singapore (CSISG). The CSISG 2016 Q2 study which scores
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    • Article, Illustration
      Lock icon Temasek unit calls for greater cooperation in SEA LNG market
      699 4  -  Pavilion Energy also unveils tie-up with ExxonMobil on LNG bunkering, downstream developments in Singapore By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore REGIONAL governments and the private sector will have to work together in order for the potential of the liquefied natural
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    • Article, Illustration
      Lock icon Insurance agents’ days far from over, says AIA
      821 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT London INSURANCE agents are still very much relevant in today’s world, says AIA, but the Hong Kong-based insurer which largely relies on its agency force for the bulk of business does not rule out the possibility of
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    • Article
      Lock icon AIA retains round table crown for second year
      420 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT London FOR the first time in AIA’s 95-year history, more than 2,000 top-perform-ing agents from 14 markets gathered in London to celebrate as the group retained its global crown for having the most number of million dollar
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      814 3 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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      161 4 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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  • COMPANIES & MARKETS
    • Article
      Lock icon Short-selling: when is regulatory action warranted?
      736 5  -  HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT HOW should regulators deal with short-selling attacks, if at all? It’s not an easy question to answer. There is hardly ever any clamour for regulatory intervention when strong “buy” reports with sky-high target prices send stocks
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    • Article, Illustration
      Lock icon More brokers restrict ISR Capital trading
      538 5  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore LOCAL brokerages Phillip Securities and OCBC Securities have joined other houses in restricting trades made on investment firm ISR Capital, as a massive rally in the counter looks at risk of reversing. On Tuesday, ISR had hit an
      Source: Bloomberg  -  538 words
    • Article
      Lock icon Singapore households 10th richest in the world: Allianz report
      295 5 Singapore SINGAPORE took 10th spot in a global ranking of the world’s wealthiest households based on per capita net financial assets. The top spot was taken by Switzerland, followed by the US and UK. Japan ranked sixth, and Taiwan was eighth.
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    • Article
      Lock icon Ocean Sky seeks full ownership of 30% owned construction outfit
      406 5  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore FOUR years after Ocean Sky International picked up a 30 per cent stake in Ang Tong Seng Brothers Enterprises (ATS), the company plans to turn the construction outfit into a wholly owned unit by
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    • Article
      Lock icon UOB launches KidSmart programme
      352 5  -  By Tan Effie taneffie@sph.com.sg Singapore UNITED Overseas Bank (UOB) launched on Thursday the UOB KidSmart Programme to help parents discover and develop their children’s full potential. This programme utilises the MIDAS (Multiple Intelligences Developmental Scales) aptitude assessment tool which also helps parents decide how to nurture
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    • Article, Illustration
      Lock icon Offer gives GMG shareholders valuable option: Halcyon CEO
      842 6  -  They should see it as an opportunity to be part of a new major rubber player, says Robert Meyer By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore HALCYON Agri Corp’s share-swap offer for GMG Global treats all parties equally and gives GMG shareholders the
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    • Article
      Lock icon Greater focus on India helps Singapore hedge funds outperform Asian rivals
      488 6 BLOOMBERG Singapore SINGAPORE-based hedge funds outperformed Asian rivals during the first seven months of the year thanks to a greater focus on India and global markets, according to data provider Eurekahedge Pte Ltd. Funds headquartered in Singapore returned 2
      BLOOMBERG  -  488 words
    • Article, Illustration
      Lock icon S’pore nine-month bond issuance hits 4-year high
      622 7  -  US$21.5b offerings up 25% from 2015’s corresponding period By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PRIMARY bond offerings from Singa-pore-domiciled issuers hit US$21.5 billion to-date this year the highest-ever first nine-month period for Singapore bond offerings since US$27.5 billion in 2012. A Thomson Reuters
      Source: Thomson Reuters  -  622 words
    • Article, Illustration
      Lock icon 90 companies join initiative for excellence in governance
      608 7 SIAS CORPORATE GOVERNANCE WEEK 2016 Singapore THE Securities Investors Association (Singapore) is holding the 7th Singapore Corporate Governance Week 2016, themed “Change and Innovation in Governance”, from Sept 26-30, 2016. Organised by SIAS, CG Week is endorsed and supported by The Association
      FILE PHOTOS  -  608 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist Straits Times Index Sept 21, 2016 2,850.74 -3.95 (-0.14%) Current streak 1 day Day high 2,859.43 Day low 2,837.48 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Sept 21,2016 436.29 +2.62 (+0.60%) Current streak 1 day Day high 438.26 Day
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low Jardine C&C 4299 74.0 1.8 4520/2636 GLD US$ ***** 69.4 0.4 *****/***** DBXT Nifty50 ETF10 ***** 58.6 0.3 *****/***** DBXT China50 US$ 3218 55.8 1.3 3240/2355 DBXT Vietnam US$ 2443 47.7 1.5 2533/2017 BY PERCENTAGE CLOSE UP 52w high/low Vashion 1.5 114.3 0.8
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Vashion 1,703.0 0.015 +0.008 +114.29 AsiaMedic 27,548.0 0.091 +0.024 +35.82 China Great Land 156.0 0.018 +0.007 +63.64 Combine Will 18.4 0.500 -0.040 -7.41 CFM 40.0 0.023 -0.007 -23.33 China Intl 27.4 0.140 +0.028 +25.00 Sinostar Pec 151.2 0.080 +0.009 +12.68 Healthway Med 44,747.5 0.035 +0.004
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    • Article
      Lock icon LOSERS
      72 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 6060 -258.7 -3.0 6371/4500 JSH USD 3256 -59.9 -1.3 3417/2524 DBS Bk 4.7% NCPS ***** -40.0 -0.4 *****/***** Lyxor ChinaH US$ 1383 -16.3 -0.9 1550/999 UOB 1885 -13.0 -0.7 2078/1680 BY PERCENTAGE CLOSE DOWN 52w high/low GlobalYellow w*****5 0.1 -50.0 -0.1
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    • Article, Illustration
      Lock icon STI weakens but action aplenty in pennies
      630 8  -  Local blue chips listless despite leap in Dow futures contract and rise in HK bourse on dovish FOMC expectations TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AN 80-point jump in the Dow futures contract, a 0.6 per cent rise in Hong Kong’s Hang Seng
      Source: Bloomberg  -  630 words
    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 unch 242/239 257 209 6.3 6725.7 CapitaCom Trust 157.5 unch 159/157 164 127 5.5 4666 CapitaLand 314 +3 315/309 340 267 12.6 2.9 *****.1 CapitaMall Trust 210 -4 213/210 225 185
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Magnus Energy 252,034,200 Ezra 197,343,200 Noble 177,142,500 Addvalue Tech 76,165,900 Healthway Med 44,747,500 Market volume 1,906,387,000 VALUE UOB 105,835,984 Singtel 57,755,654 DBS Grp 56,381,262 HongkongLand USD 52,794,250 OCBC Bank 43,454,356 Market value 976,234,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 21 VALUE CLOSE BT OB/OS -159.00 -86.00 BT CADI -*****.00 +59.00 BT 10-day MA -*****.00 -15.00 FTSE ST Mid Cap 685.50 +0.83 FTSE ST Small Cap 382.62 +2.97 FTSE ST All Share 699.92 -0.63 FTSE ST China Top 159.30 -0.13 FTSE ST China 195.02 +0.66 FTSE
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    • Article
      Lock icon SGX ETFs
      106 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSTHAI US$ US1985 +28 55 2001/1963 2107/1419 1983/1992 STI ETF 290 +1 47 291/289 314/254 289/291 ABF SG Bond ETF 119.8 +1.2 44 119.8/119.8 119.9/112.1 118.7/119.8 546.9 IS ASIA HYG US$ US1075 28 1075/1074 1116/977
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 21, 2016 699.92 -0.63 (-0.09%) Current streak 1 day Day high 701.80 Day low 697.19 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 8 STI MSCI EAFE MSCI EAFE index Sept 20,2016 1,681.39 -0.07 (0.00%) Current streak 1 day Day high 1,688.42 Day low 1,677.57 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 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 5 1 0 0 7 5 5 Manufacturing 34 25 37 5 12 11 39 37 48 Commerce 14 19 14 5 3 5 19 22 19 Tpt/Stor/Comms 20 5 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,050 57 12,107 37,943 9 37,952 Manufacturing 83,232 27,285 110,517 76,635 929 77,564 Commerce 219,824 41,479 261,303 83,446 761 84,207 Tpt/Stor/Comms 277,310 17,202 294,512 160,219 1,768 161,987 Finance 42,467 190 42,657 226,774 27 226,801 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Keppel Corp | Sell
        102 8 Keppel Corp Sell Target price: S$4.54 Sept 21 close: S$5.25 Maybank Kim Eng Research, Sept 21 IN our view, capital locked in O&M may not be monetised soon as conditions are still not conducive for rig owners to take delivery. O&M has historically been a cash generator to fund investments
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      • Article
        Lock icon Oil & Gas sector | Neutral
        142 8 Oil Gas sector Neutral OCBC Investment Research, Sept 21 THE market has been overly focused on low oil prices and beleaguered companies such that certain segments of the broader industry have been forgotten. In the midst of all the doom and gloom, companies catering to the downstream segment are still
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      • Article
        Lock icon SATS Ltd | Buy
        209 8  - SATS Ltd Buy Compiled by Jamie Lee Target price: S$5.50 Sept 21 close: S$5.11 Citi Research, Sept 20 WHILE the details of the MSCI Singapore Index review have yet to be announced (likely in mid-November, following SATS FYQ2 2017 results), we believe the company could be included given the criteria
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    • Article
      Lock icon CALENDAR
      7 8 DATA/EVENT I US Initial Jobless Claims
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    • Article
      Lock icon Yen rebounds on scepticism over BOJ measures
      378 9 CURRENCIES REUTERS London THE yen rebounded on Wednesday, with investors sceptical about whether the Bank of Japan’s (BOJ) latest measures will be enough to generate inflation and many also cautious about the US dollar before the Federal Reserve policy announcement. Japan’s central bank
      REUTERS  -  378 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Sep 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 5.061 0.680 5.883 50.846 99.693 0.772 8.470 3.142 1.036 79.434 36.321 1.033 10.441 0.741 23.824 26.381 0.584 0.759 Canada 1.001 5.066
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Sep 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0325 1.0338 0.7583 0.7587 Canadian dollar 1.0336 1.0349 0.7595 0.7591 Euro 1.5191 1.5204 1.1157 1.1158 NZ dollar 0.9961 0.9976 0.7316 0.7321 Sterling pound 1.7676 1.7692 1.2982 1.2984
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Sep 21 S$ Bid Offer 1-month 1.3612 1.3626 2-months 1.3612 1.3624 3-months 1.3611 1.3624 6-months 1.3610 1.3625 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        387 9 Sep 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9637.50 9655.00 9570.00 9600.00 *****5 *****8 Oct16 9652.50 9670.00 9595.00 9612.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 *****9 *****2 Mar17 *****.00 *****.00 *****.00 *****.00 134 975 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active Sep 21 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****1 10.9 -0.3 5294 0.1 1880 5 DBS MB eCW*****1 11.2 -0.2 3827 0.1 1550 5 DBS MB ePW*****1 8 0.1 2436 0.1 1450 5
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 20 Index Change Change Change Change Change Change World Preliminary 1294.7 0.2 1.3 0.2 -1.5 0.2 2.6 EAFE Preliminary 965.6 0.2 -4.7 0.1 -6.0 0.0 -2.0 Europe Preliminary 1387.6 0.1 -1.8
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Sep 21 $S Offer Bid 0vernight 0.03 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.10 US$ 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
        67 9 Sep 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.08 106.12 106.11 5-Year NX*****X 2.250 01-Jun-21 104.3 104.45 104.30 10-Year NX*****F 2.125 01-Jun-26 102.39 102.50 102.45 15-Year NZ*****F 2.875 01-Sep-30 108.55 20-Year NZ*****X 2.250 01-Aug-36 100.18 100.20 100.20
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Sep-20 Price Net change change Last Trade Agricultural Sep-20 CBOT Soybeans (US cents/bu) 989.75 17.25 1.77% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.83 1.00 3.05% 14/10/2016 CBOT Wheat (US cents/bu) 406.00 2.00 0.50% 14/12/2016 Sep-20 LIFFE Cocoa (£/tonne) 2305.00 7.00 0.30% 13/12/2016 LIFFE Coffee (US$/tonne) 1951.00 -2.00 -0.10%
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    • Article
      Lock icon SGX MAINBOARD
      1844 10 Transaction date: Sep 21 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 140.5 -1.5 460 142 140.5 0.9 8.1 895.4 Div 144 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      339 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 46.5 29.5 t Advancer Global 43xd unch 574 43 42.5 17.1 74.5 LOW Company Sale 19.9 8.3 t Anchor Resources 10.3 +0.2 4870 10.4
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    • Article
      Lock icon SGX ETF
      126 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 905 733 CIMBASEAN40 US$ US878 +7 5 878 878 137.7 3240 2355 DBXT China50 US$ US3218 +41 10 3218 3167 8.8 391 190 DBXT MSBrazil US$ US362 -2
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      252 5 Graduate Certificate In Applied Portfolio Management (g-CAPM) Programme Dates: 14 20 November 2016 15 21 May 2017 The CAMRI Applied Portfolio Management Programme is a 7-day state-of-the-art applied portfolio management training programme at NUS Business School, Singapore, developed by academic professionals for investment professionals, and conducted at the world’s most
      252 words
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      187 6 gfri rewards i w 55*® Till -STRAITS 1IMI S w». i?< -o Discover more exclusive perks and exciting deals at www.sphrewards.com.sg THE STRAITS TIMES LIANHE ZAOBAO THE BUSINESS TIMES BERITA HARIAN THE NEW PAPER LIANHE WANBAO TAMIL MURASU Not a direct SPH subscriber? Subscribe now at www.sphsubscription.com.sg BBounce Studio 1-for-l
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      Lock icon Page 7 Advertisements Column 1
      737 7 2016 MANU FACTURINGSOLUTIONSEXPO The Future of Manufacturing The High Value Manufacturing Solutions in the ASEAN Region 12-14 October 2016 Suntec Singapore Convention Exhibition Centre Halls 405 406 Opening Hours: 12-13 Oct, 10am 6pm 114 Oct, 10am 5pm Co-located Event: MPTC2016 Annual Conference M, Productivity Transformation through Innovation K for Industry
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  • Page 10 Advertisements
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      71 10 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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      6147 11 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own advice immediately from their stockbroker, bank manager, solicitor, accountant, tax adviser or other independent
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Deutsche Asset Management sees mid to high single-digit returns for Asia-Pac office sector
      789 12  -  Good entry points in Singapore, HK, Perth may arise when markets start recovering from next year By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MID to high single-digit returns are expected in most cities in the Asia-Pa-cific office sector
      SPH FILE PHOTO  -  789 words
    • Article
      Lock icon Beijing gives nod to Marriott’s deal to buy Starwood
      257 12 REUTERS Bengaluru CHINESE antitrust regulators approved Marriott International Inc’s deal to buy Starwood Hotels Resorts Worldwide Inc, clearing the way for the combined company to become the world’s largest hotel chain. China’s Ministry of Commerce (Mofcom) review was the only remaining
      REUTERS  -  257 words
    • Article
      Lock icon Valuers drop Brexit clauses from most contracts
      465 12 Market conditions are steady after a sharp drop immediately after Britain’s vote in June to leave EU REUTERS Bengaluru FIVE big property services firms are dropping Brexit uncertainty clauses from their valuation reports for most UK assets as market conditions steady after a
      REUTERS  -  465 words
    • Article
      Lock icon Developer pays record 12,517 yuan psm for southern China land
      423 13 Bidding frenzy sees six developers vie for 42,500 sq m plot in Dongguan manufacturing hub: report REUTERS Beijing A PARCEL of land in China’s southern manufacturing hub Dongguan sold for a record price after developers went into a bidding frenzy,
      REUTERS  -  423 words
    • Article, Illustration
      Lock icon Investors see Hong Kong property as a one-way bet
      581 13 Pearl River Delta, with the territory at its centre, would rank as the world’s largest banking-city cluster by 2025 BLOOMBERG Hong Kong LOGIC, it seems, has little to do with Hong Kong real estate. Last week, billionaire Li Ka-shing made his
      BLOOMBERG  -  581 words
    • Article, Illustration
      Lock icon China’s failing home curbs risk bubble that may hurt economy
      953 14 New home prices rise the most in six years in August, jumping 1.2 per cent from July BLOOMBERG Shanghai CHINA’S attempts to slow runaway home-price growth in major cities are showing little sign of success, stoking the threat of a
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      Lock icon Househunt
      1538 14 Property transactions for districts 1 to 16 with contract dates between Aug 10 and Aug 16,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 10/08/2016 99 1066 2100 1970 One Shenton Apt 15/08/2016 99
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      418 12 Japan Real Estate Investment OrangeTee Japan Business Development Unit (JBD) in collaboration with Tokyu Livable Inc., Japan We cover All major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, Sendai, Hiroshima, Sapporo, etc. All asset classes: Office, Retail, Residential Hotel, Land, etc. Income yielding assets with high occupancy Real Estate
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      281 12 Freehold Commercial Building Along Orchard Road Substantial Shareholding For Sale By EOI, Closing 30-September 2016 Type: 25 Storey Mixed Development Buildings (Retail: 21 Titles Office: 38 Titles) Tenure: Freehold Zoned: Front Tower: Commercial Rear Tower: Commercial Residential Master Plan Plot Ratio: 4.9+ Commercial Strata Area For Sale: Total Retail: Approx.
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      182 12 RENT A Peranakan Reminiscence Stunning GCB with Superb Grounds FOR A living breathing Peranakan bungalow modelled on past perfections. Entertain generously with the echoes from the jazz age, where recitals were not unheard of in the heart of the home. Let all bedroooms rally around the living area. But graciously,
      182 words
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      482 13 1JLL Sprawling Good Class Bungalow in Leedon Park One of the Highest Points in the Area Land area 46,800 sf; Built-Up -9,000 sf Charming 20+ year old house with pool Regular shaped plot with 80 m frontage One of the few remaining large plots Possible to be subdivided into 3
      482 words
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      289 13 *<& it Tj r o V e r/ N <?• ilfe i %i Over 22 Investment Seminars Wide Selection of Overseas Properties on Offer Seminar Lucky Draw Win Great Prizes BRFTT CAMP RON Urol'. i HOW TO BUILD AN AUSTRALIAN PROPERTY PORTFOLIO WITH JUST ONE INITIAL DEPOSIT MICHAEL BENTLEY OMs
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  • BANKING & FINANCE
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      Lock icon From carrying wads of cash to mobile money
      878 15 Myanmar citizens are getting safer financial services AFP Yangon CARRYING her wages in wads of cash across Myanmar was once a risky, onerous but unavoidable ritual for maid Khin Myint Oo. But now, she just pings off a text to move the
      AFP  -  878 words
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      Lock icon Postal Savings Bank of China prices IPO at low end of expectations
      272 15 REUTERS Hong Kong STATE-OWNED Postal Savings Bank of China (PSBC) priced its Hong Kong initial public offering near the bottom of expectations, valuing the deal at US$7.4 billion, IFR reported on Wednesday. The bank, seeking to bolster its
      REUTERS  -  272 words
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      3741 15 Irsk INNOVATION: INSIDE OUT TREK 2000 INTERNATIONAL LTD (Incorporated in the Republic of Singapore) (Company Registration No.: *****5744N) NOTICE OF SEVENTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventeenth Annual General Meeting of the Company will be held at 30 Loyang Way, #07-13/14/15 Loyang Industrial Estate, Singapore *****9
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  • ENERGY & COMMODITIES
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      Lock icon Celanese’s new S’pore VAE emulsions unit begins production
      407 16  -  The Jurong island facility will help meet growing demand for eco-friendly materials such as vinyl acetate ethylene in S-E Asia By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NEW YORK-LISTED chemical and advanced materials maker Celanese Corporation on Wednesday started production in its newest
      407 words
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      Lock icon Baosteel-Wuhan merger unlikely to cut steel industry’s overcapacity
      811 16 BLOOMBERG Shanghai THE creation of a steel powerhouse may give China more clout abroad and is unlikely to address the overcapacity that’s confounding the global market. Shanghai Baosteel Group Corp and Wuhan Iron Steel Group Corp have agreed to merge their listed
      BLOOMBERG; PHOTO: AFP  -  811 words
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      2345 16 NOTICES T O L L F R E E 1 8 0 0 -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
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      393 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CES-WEST COAST PTE. LTD. (Company Registration No: *****6089W) (Incorporated in Singapore) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the Company duly convened and held at 171 Chin Swee Road #12-01
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  • CONSUMER
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      Lock icon Glaxo presses on to find the next critical antibiotic
      2217 18 Despite the rise of superbugs, big pharma has largely exited antibiotic research because of low payoff BLOOMBERG London IN A cramped lab in rural Pennsylvania, surrounded by technicians in obligatory white lab coats and fume hoods leaking an occasional acrid smell,
      BLOOMBERG; PHOTO: BLOOMBERG  -  2,217 words
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      Lock icon Remy defies China’s war on extravagance with Louis XIII boutique
      466 18 BLOOMBERG London IF CHINA’S thirst for luxury goods is on the wane, nobody’s told Remy Cointreau SA. The distiller has opened its firstever store dedicated entirely to Louis XIII cognac, the most expensive variant of the company’s Remy Martin brand,
      BLOOMBERG; PHOTO: BLOOMBERG  -  466 words
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  • GOVERNMENT & ECONOMY
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      185 19 Singapore INTERNATIONAL EXPO201O INDIAN v it i n > Ms W o a gv: ZGb jyxm. comeAj Meet Greet HERO NO.I GOV1NDA e^v^) ■V SUNTEC CONVENTION EXHIBITION CENTRE, HALL: 401 402 22nd 25th SEP’2016,10AM TO 10PM OVER 160+ EXHIBITORS WITH *****+ PRODUCTS MRS INTERNATIONAL SINGAPORE 2016 TALENT SHOWCASE LIVE PERFORMANCE
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  • TRANSPORT
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      Lock icon Airbus plans management changes: sources
      603 20 Proposal is part of plans to refocus planemaker and give a clearer definition of its biggest unit’s responsibilities REUTERS Paris AIRBUS Group chief executive Tom Enders plans to complete the integration of Europe’s largest aerospace group by sweeping away overlapping functions and appointing planemaking chief
      REUTERS; PHOTO: AFP  -  603 words
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      Lock icon Air France plans low-cost startup to repel long-haul rivals
      607 20 BLOOMBERG Toulouse AIR France-KLM Group said that it is examining a range of options for entering the low-cost, long-haul travel market in a move that would parallel developments at German rival Deutsche Lufthansa AG. Europe’s largest airline has been working on
      BLOOMBERG  -  607 words
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      Lock icon Benefits of using electric vehicles depend on where charging takes place
      697 20 BLOOMBERG London HOW much cleaner are electric cars than the fossil-fuel powered alternative? The answer depends on exactly where you charge the batteries. In places that use low-carbon energy sources like renewables and nuclear, electric vehicles dramatically reduce emissions.
      BLOOMBERG  -  697 words
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      57 20 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 r
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      82 20 NOTICE TO TRADE WINTER SEASON CHARGE Singapore Port Klang to Kolkata/Haldia and vice versa With the impending winter season, drafts will be cut and this will adversely affect the loading on our vessels. In order to recover the loss in revenue arising therefrom, we will implement a Winter Season Charge
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      995 21 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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  • OPINION
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      Lock icon Long stay on fringe of monetary policy a double-edged sword for Japan
      581 22 EDITORIAL BANK of Japan (BOJ) governor Haruhiko Kuroda may not like to admit it, but Japan’s central bank is already operating at its limits, and every additional day spent on the edge will create more problems. Unfortunately for
      581 words
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      Lock icon Abenomics and a Japanese economy on steroids
      1166 22  -  As the targets of Abenomics still appear to be beyond reach, the economic ambitions of the Abe-Kuroda nexus are being challenged in some quarters By Anthony Rowley Tokyo IMAGINE a racehorse which once led the field among Asian runners but which has since
      PHOTO: AFP  -  1,166 words
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      Lock icon Your vote matters – please take it seriously
      871 22  - Your vote matters please take it seriously THE BOTTOM LINE By Paul Krugman NYTIMES DOES it make sense to vote for Gary Johnson, the Libertarian candidate for president? Sure, as long as you believe two things. First, you have to believe that it makes no difference at all whether Hillary
      NYTIMES  -  871 words
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      Lock icon The Productivity Paradox: it’s real and it’s time to face it
      894 23  -  COMMENTARY By Kemal Dervis, Zia Qureshi T The writers are respectively a vice-president and a non-resident senior fellow of the Brookings Institution. They were, respectively, a former minister of economic affairs of Turkey and a former administrator for the
      PROJECT SYNDICATE  -  894 words
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      Lock icon SBIO: corporate governance at the edge
      1796 23  -  The case raises wider issues as to whether sponsors are really equipped to fulfil their responsibilities. BY MAK YUEN TEEN TThe writer is an associate professor at the National university of Singapore (NUS) Business School, where he teaches corporate governance and ethics. SBI Offshore
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  • LIFE & CULTURE
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      Lock icon 2016, the year of the Hollywood divorce
      875 24 The pressures that strain marriages and relationships are amplified in Tinseltown AFP Los Angeles THE imminent divorce of “Brangelina” is the latest in a series of celebrity splits giving the impression that the average Hollywood marriage has about as much chance of success
      AFP; BLOOMBERG, REUTERS AND SPH FILE PHOTOS  -  875 words
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      Lock icon Michelin launches first mainland China guide in Shanghai
      455 24 AFP Shanghai THE storied Michelin food guide launched its first edition in mainland China on Wednesday, awarding stars to elegant luxury establishments as well as to a humble haunt serving up Cantonese staples. The inaugural edition covers the commercial hub of Shanghai
      AFP; PHOTO: AFP  -  455 words
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      Lock icon Why wait? Burberry joins designers selling off the catwalk
      700 24 AFP London BURBERRY will join a raft of top brands in selling clothes straight from the catwalk, but the “see now, buy now” trend transforming fashion presents a challenge to smaller designers. For an industry driven by a desire for the
      AFP; PHOTOS: REUTERS  -  700 words
  • Page 24 Miscellaneous
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      282 24 CRYPTIC CROSSWORD Across 5 A parrot, variegated correspondingly (3,4) 7 Pug dog (5) 9 Wild animal in a lake, shown on card (6) 10 Question a tutor producing four lines of verse (8) 11 A fruit, kind elected foremost of eaters (10) 13 Boast about what oarswomen do (4) 14
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