The Business Times, 29 September 2016

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Total Pages: 24
1 24 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 Thursday, September 29, 2016
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  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,858.01 -2.22 KL COMP 1,664.96 +0.24 NIKKEI 225 16,465.40 -218.53 HANG SENG 23,619.65 +47.75 SHENZHEN B 1,183.10 +3.60 DOW (11:45 EDT) 18,204.23 -24.07
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  • Article, Illustration
    Lock icon DAILY DIGEST
    233 1 The man whom many Singaporeans would like to be the country’s next prime minister has “categorically” ruled himself out of the running for the top job. TOP STORIES 2 The aviation community is poised to put a long-awaited carbon emissions scheme to a vote in a bid to
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  • Article, Illustration
    Lock icon 2016 growth to be at lower end of 1-2% forecast: Tharman
    735 1  -  But the outlook is not all that bleak, with key sectors such as tourism and healthcare seeing strong demand By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE is experiencing “unusually weak growth” and the economy is likely to expand at
    PHOTO: LIANHE ZAOBAO  -  735 words
  • Article, Illustration
    Lock icon Private equity deals in S-E Asia fall in H1, notably in tech sector
    660 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore PRIVATE equity (PE) activity in South-east Asia tapered off in the first half of 2016, as investors adopted a more selective approach in assessing investments, particularly in the technology sector, a
    Source: EY  -  660 words
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      171 1 *****1 *****1 THE BUSINESS TIMES The L.U.C Collection Each part is a masterpiece The L.U.C Quattro is equipped with four independent barrels stacked in pairs and totalling a full 1.8 metres of spring. This patented mechanism ensures an exceptional nine-day power reserve and above all, amazing precision. Like every component
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      15 1 ON THE MARKET Restored freehold shophouses at Mosque Street up for sale REAL ESTATE 12
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      40 1 HOCK LOCK SIEW Major shareholders must play part in governance COMPANIES MARKETS 7 SAME AMERICA, DIFFERENT DREAMS US debate shows up two sparring tribes OPINION 22 POSTAL SAVINGS BANK OF CHINA MAKES TEPID DEBUT ON HK BOURSE BANKING FINANCE 15
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      22 1 Tharman again rules himself out of the running for prime minister, Page 2 Government out to help SMEs develop innovations, Page 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Tharman again rules himself out of the running for prime minister
      664 2  -  Aware of sentiment on the ground that he’s the top choice for the job, he reiterates that it’s not his ambition to be Singapore’s next leader By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE man whom many Singaporeans would like
      PHOTO: LIANHE ZAOBAO  -  664 words
    • Article
      Lock icon Government out to help SMEs develop innovations
      465 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE government has made it a “clear priority” to help small and me-dium-sized enterprises (SMEs) to develop innovations and commercialise them, said Deputy Prime Minister Tharman Shanmugaratnam on Wednesday. “We are helping our companies retool and develop
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    • Article
      Lock icon PUB to award contract for S$400-500m desalination plant next month
      495 2  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore NATIONAL water agency PUB is expected to unveil, within weeks, the winner of a S$400-500 million contract for the construction of Singapore’s fourth desalination plant under a design, build, own and operate (DBOO)
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    • Article
      Lock icon Builders urged to improve productivity, green efforts
      253 2  -  By Renald Yeo yrenald@sph.com.sg Singapore TO reduce its reliance on foreign manpower, Singapore will need to “fundamentally change” the way it builds and adopts high impact, productive technologies upfront, Senior Minister of State for National Development Desmond Lee said on Wednesday. One way
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    • Article
      Lock icon Suburbs may be headed for private housing under-supply
      1335 4  -  JLL data finds ratio between unsold units and new sales in the suburbs is 1.92, down from 2.91 as at end-2014 NEWS ANALYSIS By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AT its recent mid-Autumn festival lunch, the Real Estate Developers’ Association of Singapore
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    • Article, Illustration
      Lock icon S’pore food industry has greater economic splash than thought: study
      643 4  -  By Tan Effie taneffie@sph.com.sg Singapore SINGAPORE’S reputation as a foodies’ paradise is well documented, but now a study has been done to measure the economic impact of the food and beverage industry in the Republic. It is big bigger than
      Source: Food Industry Asia, Oxford Economics  -  643 words
    • Article, Illustration
      Lock icon Aviation sector to vote on global emissions deal at ICAO assembly
      644 5  -  Scheme being mooted aims to cap carbon emissions at 2020 levels by 2035 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE aviation community is poised to put a long-awaited carbon emissions scheme to a vote at the 10-day International Civil
      PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  644 words
    • Article
      Lock icon Petronas to study Canada’s long list of terms for LNG project
      606 5  -  Analysts, meanwhile, have doubts about the viability of the natural gas export terminal in British Columbia By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE crystal ball seems cloudy at the moment for Petronas’ US$27 billion LNG project in the Pacific
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      270 3 WEARNES no YEARS OF HERITAGE DAYS OF HISTORIC OFFERS WEARNES 110 FESTIVAL 1 2 OCTOBER, 9AM 8PM Since 1906, Wearnes has progressed from being one of the first car distributors in Singapore to a leading luxury automotive retailer in the region, renowned for quality and excellence. 8 premium marques in
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      1187 4 On 27 September 2016, Tata International Singapore Pte. Limited, a wholly-owned subsidiary of Tata International Limited, by way of a formal Notice of Meetings delivered on such day by registered mail to respective holders of its outstanding (i) S$50,000,000 4.30 per cent. senior notes due 2018 (ISIN: SG55D*****13) (the Notes)
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      246 5 A plus! 1 HMichelle Wong 131 455 4742 A ft C CONVERT YOUR UNKPOINTS ASIA MILES TO WIN Conversion rate: 800 Asia Mites to 600 LinkPoints 440 LinkPoints to 110 Asia Miles 2ND PR ZE 3RD PRIZE 1ST PRIZE I 120,000 Asia Miles (can be redeemed for a round trip
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  • COMPANIES & MARKETS
    • Article
      Lock icon Brokerages to get more SGX data on possible market rigging
      761 6  -  Quarterly reports, beginning with the first one this week, will cover alerts triggered by suspicious trading activity By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Singapore Exchange (SGX) will push out more data linked to possible market rigging to brokerages in
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    • Article
      Lock icon SUTL to run planned marinas in Jakarta and Zhuhai
      296 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SUTL Enterprise will provide management and consultancy services to two marinas planned for Jakarta, Indonesia and Zhuhai, China, the operator of private yacht clubs announced on Wednesday. SUTL will provide pre-opening management and consultancy and
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    • Article
      Lock icon Rickmers: No more revision to note restructuring
      319 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE trustee-manager of Rickmers Maritime does not expect any revision to the offer it announced in a proposed note restructuring plan. Chief executive Soeren Andersen made this comment in his response to media queries on a
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    • Article
      Lock icon Federal International unit overcomes Swiber fallout, bags EPCI deal
      899 6  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Indonesian associate of main-board-listed procurement specialist Federal International (2000) PT Gunanusa Utama Fabricators (PTG) has overcome the odds from the judicial management application of its initial bid consortium partner, Swiber Offshore Construction, to
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    • CORPORATE DIGEST
      • Article
        Lock icon Sapphire Corp
        61 6 SAPPHIRE Corp has clinched a 452 million yuan (S$92.1 million) contract to build part of a 20-station metro line in Beijing, the rail transport infrastructure group announced on Wednesday. Through wholly owned subsidiary Ranken Infrastructure, Sapphire will undertake civil engineering works on 834 metres of the 29.6-kilometre Beijing
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      • Article
        Lock icon Zhongmin Baihui Retail Group
        61 6 ZHONGMIN Baihui Retail Group Ltd is acquiring the retail premises at Hui’an County in Quanzhou city of Fujian province for 122.24 million yuan (S$24.88 million). It said on Wednesday that its wholly owned unit Zhongmin Baihui (Quanzhou) Commercial Management Co Ltd (QZM) has inked five separate
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      • Article
        Lock icon Yanlord Land
        31 6 YANLORD Land Group’s wholly owned subsidiary Yanlord Development (Tianjin) Co has acquired a 50 per cent stake in a company in Tianjin, China for 19.91 million yuan (S$4 million).
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      • Article
        Lock icon Blumont Group
        65 6 BLUMONT Group has received in-principle approval from the Singapore Exchange to list and quote 23 billion conversion shares subject to compliance with listing requirements and the approval of shareholders. The shares are part of a settlement agreement for a US$23.5 million loan facility from Wintercrest Advisors. Blumont will
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      • Article
        Lock icon EMS Energy
        53 6 EMS Energy has filed a court application to convene a creditors’ meeting within six months and to halt any new actions against the company. The marine and offshore services company has also appointed Rajah Tann as its legal adviser, and will be proposing Alternative Advisors’ Wong Joo Wan
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    • Article
      Lock icon Major shareholders must play part in governance
      752 7  -  HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT THE Monetary Authority of Singapore’s call for better board diversity and disclosures earlier this week is relevant and timely as the local market prepares itself to embrace new structures such as dual-class shares that will
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    • Article
      Lock icon Fullerton Healthcare files draft prospectus for mainboard listing
      618 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MANAGED care provider Fullerton Healthcare Corporation Limited has lodged its preliminary prospectus for a listing on the Singapore Exchange (SGX) the first healthcare company aiming for an initial public offering (IPO) on the main board this
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist Straits Times Index Sept 28, 2016 2,858.01 -2.22 (-0.08%) Current streak 1 day Day high 2,866.22 Day low 2,849.82 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Sept 28,2016 449.27 +4.89 (+1.10%) Current streak 6 days Day high 449.27 Day
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 108.9 0.4 *****/***** DBXT Nifty50 ETF10 ***** 70.8 0.4 *****/***** Jardine C&C 4329 65.0 1.5 4520/2636 DBXT ASX200 US$ 3568 46.3 1.0 3621/2900 DBXT China50 US$ 3176 40.8 1.0 3268/2355 BY PERCENTAGE CLOSE UP 52w high/low TEE Intl W*****6
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      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -144.3 -0.8 *****/***** DBXT E50 US$ 4473 -69.4 -1.1 5000/3918 JSH USD 3250 -66.7 -1.5 3417/2524 DBXT MSEurope US$ 5415 -59.9 -0.8 5733/4770 JMH USD 6025 -34.0 -0.4 6371/4500 BY PERCENTAGE CLOSE DOWN 52w high/low Maxi-Cash Fin R 0.1 -75.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      71 8 VOL CLOSE($) CHANGE Artivision Tech 1,977.8 0.020 Swee Hong 8,987.1 0.005 +0.001 +25.00 ChasWood Res 0.030 Samko Timber 0.089 SunMoonFood 20,423.1 0.061 +0.001 +1.67 Brook Crompton 0.475 ICP Ltd 18,777.1 0.008 Poh Tiong Choon 925.5 1.100 +0.010 +0.92 GCCP 3,585.5 0.057 -0.001 -1.72 Ley Choon 769.9 0.038 +0.002
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    • Article, Illustration
      Lock icon STI drops as ‘relief rally’ fizzles out
      639 8  -  But broad market sees gainers outdo losers at ratio of four to three; market turnover weak at S$693 million TTSTOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT SINGAPORE stocks slipped into midweek languor on Wednesday after the previous day’s “relief rally” following a presidential debate
      Source: Bloomberg  -  639 words
    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 unch 249/245 257 209 6.2 6892.5 CapitaCom Trust 160 -1.5 161.5/159.5 164 127 5.4 4740.1 CapitaLand 319 +2 321/316 340 267 12.8 2.8 *****.9 CapitaMall Trust 216 +2 216/213 225 185
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    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME Noble 257,154,100 Ezra 109,730,100 Alliance Mineral 58,925,000 Spackman 48,021,700 Jasper Inv 37,736,900 Market volume 1,521,252,000 VALUE UOB 57,077,627 Singtel 45,060,923 Noble 37,660,259 DBS Grp 32,358,512 ThaiBev 22,992,467 Market value 714,048,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Sep 28 VALUE CLOSE BT OB/OS 117.00 +60.00 BT CADI -*****.00 +49.00 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 693.46 +3.20 FTSE ST Small Cap 384.27 +1.33 FTSE ST All Share 702.81 -0.03 FTSE ST China Top 160.92 +0.39 FTSE ST China 196.34 -0.90 FTSE
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    • Article
      Lock icon SGX ETFs
      105 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 290 -1 290 291/290 314/254 289/291 DBXT MSRussia US$ US209 -3 120 209/209 217/129 209/210 DBXT MSINDO us$ US1491 +11 47 1497/1484 1534/911 1489/1494 DBXT MSBrazil US$ US371 43 371/370 391/190 370/372 ABF SG
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      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 28, 2016 702.84 -0.03 (0.00%) Current streak 2 days Day high 703.66 Day low 700.79 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
      34 8 STI MSCI EAFE MSCI EAFE index Sept 27, 2016 1,699.95 -1.66 (-0.10%) Current streak 3 days Day high 1,709.74 Day low 1,691.09 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 2 0 1 0 4 9 2 Manufacturing 28 18 32 8 6 12 36 24 44 Commerce 18 14 12 4 4 3 22 18 15 Tpt/Stor/Comms 12 8 12
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      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 8,955 207 9,162 29,128 34 29,162 Manufacturing 59,640 83,884 143,524 60,091 1,529 61,620 Commerce 300,781 16,333 317,114 98,178 377 98,554 Tpt/Stor/Comms 156,514 2,403 158,917 107,988 239 108,227 Finance 17,363 70 17,433 129,500 7 129,507 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon SATS | Hold
        315 8 SATS Hold Target price: S$4.70 Sept 28 close: S$4.95 OCBC Investment Research, Sept 28 SINGAPORE Changi Airport on Tuesday posted its operating statistics for August 2016. For the period January-to-August 2016, Changi Airport recorded steady growth in passenger throughput (6.5 per cent year on year), aircraft movements (4.3 per cent
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      • Article
        Lock icon Singapore Property | Neutral
        156 8  - Singapore Property Neutral Compiled by Kenneth Lim rhb Research, Sept 28 OUR visit to Forest Woods’s show flat indicated that there is a dual-track property market where some new launches manage to stand out and generate strong interest amid an overall lull in the residential sector. The turnout far exceeded
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    • Article
      Lock icon CALENDAR
      9 8 DATA I Sept 29 US initial jobless claims
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    • Article
      Lock icon US dollar up against yen with focus on Yellen
      386 9 CURRENCIES REUTERS London THE US dollar rose against the yen and a basket of currencies on Wednesday, with the focus shifting to Federal Reserve chair Janet Yellen’s semiannual testimony before a Congressional committee later in the day. While she is set
      REUTERS  -  386 words
    • FOREX RATES
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        Lock icon INTERBANK CROSS RATES
        471 9 Sep 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 5.121 0.686 5.953 51.032 99.385 0.774 8.428 3.176 1.057 80.349 37.059 1.045 10.333 0.747 24.081 26.572 0.590 0.768 Canada 0.985 5.046
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        Lock icon INTERBANK CURRENCY RATES
        155 9 Sep 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0445 1.0453 0.7675 0.7680 Canadian dollar 1.0294 1.0299 0.7567 0.7564 Euro 1.5233 1.5240 1.1193 1.1197 NZ dollar 0.9883 0.9890 0.7262 0.7266 Sterling pound 1.7705 1.7709 1.3010 1.3011
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Sep 28 S$ Bid Offer 1-month 1.3605 1.3609 2-months 1.3603 1.3607 3-months 1.3601 1.3605 6-months 1.3599 1.3605 Source: OCBC
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        Lock icon HANG SENG
        2 9
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        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
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        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 9 Most active Sep 28 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****1 10.3 unch 2420 0.1 1880 5 DBS VT eCW*****3 12.4 -0.3 2296 0.1 1508 5 DBS MB eCW*****1 11 -0.1 2170 0.1 1550 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 27 Index Change Change Change Change Change Change World Preliminary 1300.6 0.2 1.8 0.3 -0.9 0.1 3.3 EAFE Preliminary 970.3 0.1 -4.2 0.0 -4.9 -0.1 -1.0 Europe Preliminary 1384.2 -0.2 -2.0
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        382 9 Sep 28 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9557.50 9577.50 9532.50 9562.50 *****3 *****0 Oct16 9570.00 9592.50 9537.50 9570.00 *****2 *****4 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****4 Mar17 *****.00 *****.00 *****.00 *****.00 1156 545 MSCI TAIWAN
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    • BANK RATES
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        Lock icon INTERBANK RATES
        154 9 Sep 28 $S Offer Bid 0vernight 0.05 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.15 US$ 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 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.93 106.00 105.95 5-Year N*****0Z 2.250 01-Oct-21 99.62 10-Year NX*****F 2.125 01-Jun-26 102.85 103.20 103.00 15-Year NZ*****F 2.875 01-Sep-30 109.61 109.78 109.70 20-Year NZ*****X 2.250 01-Aug-36 101.58 101.80 101.70
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Sep-27 Price Net change change Last Trade Agricultural Sep-27 CBOT Soybeans (US cents/bu) 952.50 7.25 0.77% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.12 unch 0.00% 14/10/2016 CBOT Wheat (US cents/bu) 404.00 8.00 2.02% 14/12/2016 Sep-27 LIFFE Cocoa (£/tonne) 2285.00 12.00 0.53% 13/12/2016 LIFFE Coffee (US$/tonne) 1990.00 20.00 1.02%
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    • Article
      Lock icon Halcyon to GMG shareholders: Size matters
      673 10  -  Rubber production firm’s chief says shareholders should not consider only asset value, adding that size offers scale, reach and economies By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GMG Global shareholders should consider Halcyon Agri Corp’s general offer through the lens of revenue and scale, and
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    • Article, Illustration
      Lock icon No official confirmation yet of winning Bandung rail job tender: SMRT
      432 10  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE transport operator SMRT Corporation says it has not yet been officially notified that it has won a tender for a rail project in Bandung, Indonesia’s fourth-largest city, although there are clear signs
      PHOTO: REUTERS  -  432 words
    • Article
      Lock icon China’s rich flocking to leveraged bets on notes with yields of up to 15%
      635 10 BLOOMBERG Hong Kong CHINA’S wealthy are flocking to investment products that buy bank capital securities and soup up returns by using borrowed funds. Elm BV, a special purpose vehicle used by UBS Group AG, has sold
      BLOOMBERG  -  635 words
    • Article
      Lock icon Rowsley gets nod to issue new shares for Ariva purchase
      353 10  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore REAL estate company Rowsley has received the Singapore Exchange’s (SGX) go-ahead to issue new shares to fund a multimillion-dollar acquisition. It said in a filing to SGX on Wednesday that it had received in-principle
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    • Article
      Lock icon EDBI joins latest round of funding for cloud security provider Druva
      339 10 Singapore THE corporate investment arm of the Singapore Economic Development Board, EDBI, along with Blue Cloud Ventures and Hercules Capital, have joined in the latest round of US$51 million funding for US-headquartered cloud data protection and information management company
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    • Article
      Lock icon SGX MAINBOARD
      1765 11 Transaction date: Sep 28 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 141.5 +1.5 61 141.5 140.5 0.9 8 901.8 Div 144 101 ARA Asset Mgmt
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    • Article
      Lock icon SGX CATALIST
      332 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW 5 1.7 t Acesian Partners 3 unch 75 3 3 4.1 11.2 GrYld 0.6 0.1 t Advanced Systems 0.4 unch 0 0.4 0.2 10.5 46.5 29.5 t
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    • Article
      Lock icon SGX ETF
      116 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3176 +30 2 3176 3152 8.7 391 190 DBXT MSBrazil US$ US371 43 371 370 1387 995 DBXT MSCHINA US$ US1360 -4
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      121 6 Mr Hisao Nakajima President and CEO Nomura Research Institute Asia Pacific Pte Ltd Mr Naoaki Fujino Chief Consultant Nomura Research Institute Ltd Mr Stephen Chee Operations Consulting Unit Lead, Systems Consulting Division Nomura Research Institute Singapore Pte Ltd Mr Archan Misra School of Information Systems Singapore Management University (SMU) Mr
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      156 7 A STAR ALLIANCE MEMBER ENJOY NEW HEIGHTS OF FLYING WITH EXCLUSIVE ALL-IN FARES FUKUOKA NAGOYA OSAKA SAPPORO TOKYO BUSINESS CLASS 42,258 ECONOMY CLASS 4648 Visit thaiairways.com.sg for the full list of great fares. For hotel packages, contact Royal Orchid Holidays (TA545) at Tel. 6767 6868 or visit royalorchidholidays.com.sg a I
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      216 10 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 Achiever and Top CFD Remisier in 2014 followed by Top Trading Representative in 2015 by Phillip Securities. His Signature
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      19 10 BOIL. SEASON. SERVE ON SILVERWARE. Instant noodle recipes to wow your guests. Now cooking at leading bookstores and www.stpressbooks.com.sg
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      36 10 Who’s selling his home in your neighbourhood? REGS Hillview Regency 2l58tra Sale. Mid floor, Renovated\ Blk 28 Floor Condominium Your Neighbourhood Listings Be the first to know when your neighbour's home goes on the market. SRX.com.sg/property-tracker
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      85 11 SGX== Research like a pro. SGX=£ StockFacts in mm i j riBarn^H t j Try out SGX StockFacts The free research and stock fundamentals portal dedicated to SGX-listed companies Singapore Exchange sgx.com/stockfacts This advertisement has been published for general circulation only. It is not an offer or solicitation to buy
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Shophouse owners roll out more prime properties on market
      659 12  -  Latest offerings include 22 and 23 Mosque Street, a pair of restored freehold conservation shophouses owned by group of Hong Kong investors By kalpana@sph.com.sg Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore MORE prime shophouse properties have been put on the market as owners
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    • Article
      Lock icon Vancouver commercial real estate likely to be new focus
      272 12 BLOOMBERG Toronto WEALTHY foreign investors are likely to shift their money to the commercial side of Vancouver’s real estate market to avoid a housing tax, just as deals for office, retail and industrial properties reach an all-time high, brokerage Re/Max Holdings
      BLOOMBERG  -  272 words
    • Article
      Lock icon Non-Central Region leads price drop for completed apartments, condos
      423 13  -  NUS data shows that the sub-index for the region has fallen 0.9% month on month in August By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore PRICES of completed private apartments and condominium units here generally eased in August over July, with the Non-Central
      423 words
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      Lock icon Vancouver tops list of cities at risk of housing bubble: UBS
      414 13 BLOOMBERG Vancouver VANCOUVER, London and Stockholm rank as the cities most at risk of a housing bubble after a surge in prices in the past five years, according to a UBS Group AG analysis of 18 financial centres. Sydney,
      BLOOMBERG; PHOTO: REUTERS  -  414 words
    • Article
      Lock icon China’s runaway housing market poses latest challenge for yuan: RBS
      319 13 BLOOMBERG Beijing HERE’S the latest uncertainty facing China’s currency: sky-high house prices. A runaway boom in the largest cities will push investors to look for cheaper alternatives overseas, draining money out of China and putting downward pressure on the yuan
      BLOOMBERG  -  319 words
    • Article
      Lock icon Dubai developers feel growing sense of restraint
      659 14 Home prices may drop by 10 per cent in 2017 after a decline of about 7 per cent this year BLOOMBERG Dubai ON the surface, Dubai is ploughing ahead with the kind of ambitious, eye-catching projects that turned the sheikhdom into the Persian
      BLOOMBERG  -  659 words
    • Article, Illustration
      Lock icon Brexit real estate backlash fans Sweden property market
      471 14 BLOOMBERG Stockholm BRITAIN’S vote to leave the European Union may have cooled its property market. But elsewhere in Europe, things are heating up fast. In Sweden, where interest rates are negative, politics are stable and economic growth is brisk, a quick look
      BLOOMBERG; PHOTO: BLOOMBERG  -  471 words
    • Article
      Lock icon Househunt
      1503 14 Property transactions for districts 1 to 17 with contract dates between Aug 17 and Aug 23,2016 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 18/08/2016 99 1076 2152 2000 The Sail Marina Bay Apt
      1,503 words
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      245 12 THREE ADJOINING FACTORIES NEAR FUTURE GUL CIRCLE MRT CUSHMAN I WAKEFIELD Estate Agents Licence No: L*****33E Note:*AH areas are approximate and subject to final survey *Sale is subject to contract, JTC’s and other relevant authorities' approval FOR SALE BY EXPRESSION OF INTEREST CLOSING 14 OCTOBER 2016 (FRIDAY) 3.00pm Annalyn Ooi
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      164 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.
      164 words
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      192 12 SALE Build a Goodman Detached Dream Fullsome Goodman Landed plot for locals or eligible PRs who wish to build their detached dream home. Flat regular land on a street of wide girth, so quiet you can only hear the birds singing! Build it up to 6,000 sq ft in a
      192 words
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  • Page 13 Advertisements
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      295 13 For Sale Prime Freehold Residential Buildings Sites Near Orchard Road Cuscaden Walk Hullet Road Grange Road Wl JC. A p t *r m i 8S 2 0 r" YZ f.1 ff ifi a Land 21,560 sf; GPR 2.8; 36 stys Potential GFA 60,368 sf approx. Extg 11 apts of 3,627
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      263 13 11 MCDONALD STREET AND 32 ALTHAM AVENUE, MORNINGSIDE, AUCKLAND A SUBSTANTIAL AUCKLAND CITY FRINGE OPPORTUNITY WITH SIGNIFICANT POTENTIAL j$515; A s?s S 1b •IS St: <*+ B°® Substantial freehold site of 10,640 square metres (more or less) Business Mixed Use zoning provides significant re-development potential Current income of $1.1 million
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  • BANKING & FINANCE
    • Article
      Lock icon Deutsche Bank’s woes cast long shadow over European banking
      587 15 Its run-in with American regulators to the tune of US$14b reignites the risk around regulation, fines and litigation BLOOMBERG London THE turmoil swirling around Deutsche Bank AG has brought simmering concerns about the health of Europe’s banks back to a boil.
      BLOOMBERG  -  587 words
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      Lock icon PSBC makes tepid debut on HK bourse
      589 15 AFP Hong Kong POSTAL Savings Bank of China (PSBC) made a low-key debut on the Hong Kong bourse on Wednesday, despite notching up the world’s biggest initial public offering (IPO) in two years aimed at expanding the business. China’s fifth biggest lender raked
      AFP; PHOTO: REUTERS  -  589 words
    • Article
      Lock icon World Bank re-appoints president to 2nd term
      279 15 NYTIMES New York FOR the more than 70 years since the World Bank was founded as an institution to give loans and grants to developing countries, an American has been at the helm. Despite recent upheaval at the bank, and criticism of how
      NYTIMES  -  279 words
  • Page 15 Advertisements
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      2404 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices VALLIANZ HOLDINGS LIMITED (Company Registration Number: *****6945E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting (the “EGM”) of Vallianz Holdings Limited (the “Company”) will be held on 17 October
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Saudi Arabia signals willingness to compromise with Iran
      945 16 Move potentially paves the way for the first limit on oil production in two years BLOOMBERG Algiers SAUDI Arabia gave the strongest indication yet it’s ready to compromise with regional rival Iran, potentially paving the way for the first limit on oil
      BLOOMBERG; PHOTO: REUTERS  -  945 words
    • Article
      Lock icon Japan steel mills flag price hikes with coal at 4-year high
      608 16 Coking coal has soared after China cut output and raised steel production BLOOMBERG Tokyo JAPANESE steelmakers plan to increase prices to cover rising input costs as traders forecast a near-doub-ling in coking coal contract prices next quarter to a
      BLOOMBERG  -  608 words
    • Article
      Lock icon South America becomes home for US gas
      456 16 BLOOMBERG London US liquefied natural gas (LNG) was supposed to go mainly to Asia and Europe, lured by prices as much as four times higher than those at home. So far, South America has been the destination of choice. Thanks to a global
      BLOOMBERG  -  456 words
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      149 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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      97 16 THE MONETARY AUTHORITY OF SINGAPORE RESULTS OF AUCTION OF TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TO BE ISSUED ON 03 OCTOBER 2016 Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS Total Amount Applied Coupon Rate Cut-off Yield Price Median Yield Price Average Yield Price of Competitive
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      24 16 zaobacr MY SINGAPORE FUTURE MICRO FILM COMPETITION Iff Ifi 10H8H (£BSn) XftifiLAseiiifffT HrSS scan join Micro Film Competition 2016 Workshops Date: 8th October microfilm.zaobao.com
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  • TECHNOLOGY
  • Page 17 Advertisements
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      2042 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices MICRO-MECHANICS (HOLDINGS) LTD. (Incorporated in the Republic of Singapore) (Company Registration No: *****4632W) NOTICE OF TWENTIETH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of the Company will be held at Central Public Library, Level 5,
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      147 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF POWA TECHNOLOGIES PTE. LTD. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****7226M) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held on the 21 st day of September 2016,
      147 words
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      345 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) AMICORP SINGAPORE FUND PTE. LTD. (Company No. *****0669D) (2) HILLBROW ENTERPRISES PTE. LTD. (Company No. *****4664D) (In Members’ Voluntary Liquidation) At the respective Extraordinary General Meeting of the abovenamed Companies deemed to be held on
      345 words
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  • CONSUMER
    • Article
      Lock icon Craft brewers left with bitter taste as barley crop gets drenched
      736 18 Drop in grain quality pushing up malt barley prices, which are up 25 US cents a bushel in the past month BLOOMBERG Winnipeg BAD weather from Canada to Europe is about to alter the economics of the beer industry’s
      BLOOMBERG  -  736 words
    • Article, Illustration
      Lock icon Nike misses estimates as competition hots up
      533 18 Under Armour attacks its lucrative basketball-shoe business; Adidas takes some of its casual business BLOOMBERG New York NIKE Inc has posted futures orders that missed analysts’ estimates, renewing concerns that the maker of sneakers and athletic appeal can’t maintain growth in the face
      BLOOMBERG; PHOTO: BLOOMBERG  -  533 words
    • Article
      Lock icon Walmart in talks to invest up to US$1b in Flipkart
      317 18 BLOOMBERG Bengaluru WAL-MART Stores Inc is in advanced discussions to invest as much as US$1 billion into India’s Flipkart Online Services Pvt, as the two companies battle Amazon.com Inc in e-com-merce, according to a person familiar with the matter. Walmart,
      BLOOMBERG  -  317 words
  • Page 18 Advertisements
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      1565 18 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 (1) GOLDEN GALAXY INVESTMENT PTE LTD Co. Reg. No. *****9289N (2) VICTORIA BAY INVESTMENT PTE LTD Co. Reg. No. *****7031H (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the minutes
      1,565 words
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      97 18 'Ss, HONMEDUCA 7l AR« S1 t a :>F, *lW*> Gif BOOKYOUR SPACE NOW! Reach out to parents ages 25 45 years old with children ages 3-12 years old at SmartKids Asia. Promote your brand, products and services at Asia's Largest Educational Kids' Fair, established since 2012! CONTACT US NOW! Mr
      97 words
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      Lock icon Page 18 Advertisements Column 3
      25 18 THEIR BOOK FOR SINGAPORE 51 young Singaporeans voice their views on the next big thing for the country India’s hornbill haven GET YOUR COPY TOMORROW
      25 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon IMF, OECD flag danger of trade protectionism
      781 19  -  Unless policymakers can keep that at bay, and stimulate global commerce, the chances of lifting the world economy out of the “low-growth trap” are slim By Anthony Rowley btworld@sph.com.sg Tokyo FINANCE ministers and central bank governors from around the world gathering in Washington
      781 words
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      Lock icon Indian tax drive to yield little cash for government
      772 19 REUTERS New Delhi THE Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won’t be pursued by the authorities if they pay a penalty now to clear
      REUTERS; PHOTO: REUTERS  -  772 words
    • Article
      Lock icon WEF ranks Switzerland as most economically competitive for 8th time
      439 19 REUTERS Zurich SWITZERLAND has set a record in global economic competitiveness even as mounting political tension and uncertainty is contributing to sluggish growth worldwide, the World Economic Forum’s (WEF) annual rankings showed on Wednesday. Unrivalled innovation, a sophisticated business landscape
      REUTERS  -  439 words
    • Article
      Lock icon HK entering uncharted political territory post ‘Umbrella Revolution’
      532 19 Former protesters prepare to take office, advocate possible split from China AFP Hong Kong TWO years after the pro-democracy “Umbrella Revolution” began, Hong Kong is entering uncharted political territory as former protesters prepare to take office, advocating a possible split from China.
      AFP  -  532 words
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      Lock icon Israel’s former president Shimon Peres dies at 93
      308 19 AFP Tel Aviv ISRAELI ex-president and Nobel Peace Prize winner Shimon Peres died on Wednesday, some two weeks after suffering a major stroke, triggering an outpouring of grief for the historic figure and beloved statesman. Mr Peres, who was 93, held nearly
      AFP  -  308 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Uber eyes long-haul trucking business, following its acquisition of Otto
      969 20 Ride-hailing firm is aiming to establish itself as a freight hauler and a technology partner for the industry; it has already started pitching its services REUTERS San Francisco WITH its recent acquisition of selfdriving truck startup Otto, Uber Technologies Inc
      REUTERS; PHOTO: REUTERS  -  969 words
    • Article
      Lock icon MH17 hit by Buk missile launched from rebel-held village: prosecutors
      435 20 REUTERS Nieuwegein, Netherlands A MALAYSIAN airliner shot down in eastern Ukraine was hit by a Rus-sian-made Buk missile launched from a village held by rebels fighting Ukrainian government forces, international prosecutors said on Wednesday. The findings challenge Moscow’s suggestion that
      REUTERS  -  435 words
    • Article
      Lock icon Electric vehicles expected to dominate Paris car show
      650 20 REUTERS Paris ELECTRIC car prototypes and plans are set to dominate the Paris car show as the Volkswagen (VW) diesel scandal and falling battery costs persuade executives and investors that plug-in vehicles are ready to go mainstream. The expected flurry of announcements
      REUTERS  -  650 words
    • Article, Illustration
      Lock icon Investors doubt if Rolls-Royce can meet ambitious goals
      884 20 REUTERS London ROLLS-ROYCE boss Warren East has rebuilt confidence in the British en-gine-maker, but there are doubts among investors and industry specialists about whether his slimmed-down group has the muscle to meet ambitious production and development goals. The CEO has axed more
      REUTERS; PHOTO: REUTERS  -  884 words
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      1038 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
    • Article
      Lock icon We ignore the fallout from globalisation at our own peril
      552 22 EDITORIAL GLOBALISATION a process which suggests the attainment of a worldwide political, social and economic order (but which has so far fallen far short of that ideal) is in trouble, and faces a critical test in the imminent US presidential
      552 words
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      Lock icon US debate shows up two sparring tribes
      1356 22  -  They may share the same America but they dream different dreams By Leon Hadar Washington SO let’s say that you are a young, single woman, a lawyer working in a law firm in Manhattan, and let’s assume that you and your partner, who
      PHOTO: NYTIMES  -  1,356 words
    • Article
      Lock icon Electing Trump would be insanity
      934 22  -  THE BOTTOM LINE By Thomas Friedman NYTIMES MY reaction to the Donald Trump-Hil-lary Clinton debate can be summarised with one word: “How?” How in the world do we put a man in the Oval Office who thinks Nato is a shopping mall where the tenants
      NYTIMES  -  934 words
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      Lock icon Coping with Asia’s US$20 trillion elderly healthcare bill
      959 23  -  COMMENTARY By Wolfram Hedrich T The writer is executive director of Marsh McLennan’s Asia Pacific Risk Center FILIAL responsibility has always been a proud tradition in Asia, where children take pride in caring for their parents in later life, sharing the financial
      Source: Marsh & McLennan Companies  -  959 words
    • Article
      Lock icon Withdrawal from EU will make matters worse for Britain
      660 23  -  By Simon Tilford T The writer is deputy director of the Centre for European Reform. This article is based on a paper titled 'Brexit Britain: The poor man of Western Europe?', published by the Centre London AN OBSERVER of Britain’s European
      660 words
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      Lock icon The digital wave is cresting, it’s time to jump on board
      1147 23  -  A new era has begun with the 4th industrial revolution and fear of complexity is no longer a valid reason to delay digital transformation. BY DAVID WEBSTER BY DAVID WEBSTER T The writer is president, Asia Pacific and Japan
      PHOTO: AFP  -  1,147 words
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  • LIFE & CULTURE
    • Article
      Lock icon Couple becomes parents with technique pioneered 20 years ago
      896 24 US ban on mitochondrial transfers led to scientist abandoning his work; couple had procedure done in Mexico NYTIMES New York A few months ago, after a fertility procedure at a Mexican clinic, a healthy baby boy was born in New York
      NYTIMES  -  896 words
    • Article
      Lock icon International cricket’s biggest Test is security
      585 24 NYTIMES London WHEN England’s cricket team plays a one-day international match in Bangladesh on Oct 7, it will do so without its captain, Eoin Morgan, who recently opted out of the tour, citing security concerns. Alex Hales, another leading English player, made the same
      NYTIMES  -  585 words
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      Lock icon Chinese tourists taking to domestic travel
      1196 24 NYTIMES Sanya, China WHEN Stephan Stoss arrived here six years ago, little more than lush foliage lined the roads leading to the 492-room Hilton where he is now general manager. Few other international hotels had been built along the town’s picturesque bays. Mr Stoss
      NYTIMES; PHOTO: NYTIMES  -  1,196 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      357 24 CRYPTIC CROSSWORD Across 1 Give prisoner commendation (10) 6 Dull poet makes a comeback (4) 9 Tree from Rome raised in the centre? (5) 10 Host’s hair formed into a rounded mass after a twirl (9) 12 Swimming deep, lad prayed (7) 13 Six with place to stay (5) 15
      357 words