The Business Times, 4 October 2016

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Microfilm: NL34118
Total Pages: 57
1 28 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Tuesday, October 4, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    239 1 The Monetary Authority of Singapore is partnering the five local polytechnics to ensure that their banking and IT-related curricula are aligned with developments in the field. TOP STORIES 2 Oil gas companies should tap growth in the liquified natural gas sector as the oil gas industry navigates a
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  • Article, Illustration
    Lock icon Slow economy leaning on private home prices
    917 1 Analysts also cite fears of approaching recession; URA flash estimates show 1.5% drop in Q3 prices By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MONDAY’S official Urban Redevelopment Authority (URA) flash estimates of a 1.5 per cent drop in Singapore’s private home prices in the
    Source: URA Realis  -  917 words
  • Article, Illustration
    Lock icon London unicorn galloping into Singapore soon
    1069 1  -  TransferWise, a billion-dollar UK start-up, will soon set up its remittance business in Singapore By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE payments market is revving up. A UK financial technology (fintech) company called TransferWise, having clinched regulatory approval, will soon launch in Singapore hot
    Source: Citi GPS, KPMG  -  1,069 words
  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 2,870.84 +1.37 KL COMP 1,652.55 -17.09 NIKKEI 225 16,598.67 +148.83 HANG SENG 23,584.43 +287.28 SHENZHEN B CLOSED DOW (11.30 am EDT) 18,243.37 -64.78
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      45 1 *****1 *****1 THE BUSINESS TIMES 1 ROLEX OYSTER PERPETUAL M I LG All So OYSTER PERPETUAL MILGAUSS ROLEX i* EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: 6737 2896 WISMA ATRIA, #02-40/41-44. TEL: 6694 5712 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
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      16 1 PROPERTY INVESTMENT SALES Down in Q3 but expected to shine for full year REAL ESTATE 19
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      37 1 KEPPEL Ex-Brazil agent transactions may be suspicious: Keppel top stories 2 SPECIAL FOCUS Industry sector stepping up efforts and reaping significant savings energy efficiency national partnership 13-1 6 Growing stability seen in HDB resale market, Page 18
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      16 1 LIFE AFTER LAW: SAT PAL KHATTAR BUILDS A BUSINESS LEGACY Read about it in Wealth today
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  • TOP STORIES
    • Article
      Lock icon Ex-Brazil agent Skornicki's transactions ‘may be suspicious’, says Keppel
      751 2  -  Firm is probing allegations that illegal payments have been made on contracts with Petrobras and Sete Brasil By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore KEPPEL Corporation fell nine Singapore cents or 1.7 per cent to S$5.30 after it said on Monday morning
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    • Article
      Lock icon An oily mess
      290 2 Compiled by BT A timeline of the Petrobras scandal and Brazil's political crisis 2011: Dilma Rousseff becomes President of Brazil. March 2014: Operation Car Wash, or Operacao Lava Jato in Portuguese, is launch in Brazil. This is an investigation into allegations that construction companies overcharged state-owned oil
      Compiled by BT  -  290 words
    • Article
      Lock icon MAS and 5 polytechnics team up to groom young fintech potential
      493 2  -  B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IN the latest sign of its financial technology (or fintech) ambitions, Singapore is starting them young. The Monetary Authority of Singapore (MAS) has partnered the five local polytechnics to review and enhance
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    • Article, Illustration
      Lock icon First manufacturing expansion since June 2015
      225 2  -  After 14 consecutive months of contraction, Singapore’s manufacturing sector expanded marginally in September, said the Singapore Institute of Purchasing Materials Management (SIPMM) on Monday. The purchasing managers’ index (PMI) is a barometer of industrial activity. BY KELLY TAY BT Data activity. BY KELLY TAY
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    • Article, Illustration
      Lock icon IE Singapore calls on oil & gas firms to grab LNG opportunities
      608 4  - IE Singapore calls on oil gas firms to grab LNG opportunities It sees good prospects, given population growth and urbanisation, as well as a transition to cleaner fuels ENERGY MOVES By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore OIL gas companies should position themselves to tap growth in the liquified natural gas
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    • Article
      Lock icon ExxonMobil confirms LNG bunkering tie-up with Pavilion Energy
      557 4  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore EXXONMOBIL confirmed on Monday a collaboration with Pavilion Energy Pte Ltd to develop solutions for liquefied natural gas (LNG) bunkering and other downstream developments in Singapore. ExxonMobil’s vice-president for aviation and marine global business, Nancy
      557 words
    • Article
      Lock icon CAAS surplus for FY16 dips 4.9% to S$62.7m
      455 4  -  Expenditure jumps 17.2% to S$348.7m; other operating expenses rise 41.2% to S$56.9m By Soon weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE Civil Aviation Authority of Singapore’s (CAAS) net surplus fell for a third straight year as expenditure increased at a faster clip than income.
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    • Article
      Lock icon Corporate Japan signals lack of positive economic prospects
      667 4  -  By Anthony Rowley btworld@sph.com.sg Washington THE Bank of Japan (BOJ) on Monday delivered a sobering view of short-term prospects for the corporate sector of the world’s third-largest economy, suggesting that a strong yen and relatively poor demand prospects will restrict sales and
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    • Article, Illustration
      Lock icon Global inequality on the wane: World Bank study
      700 5  -  It warns, however, that continued anaemic global growth could reverse the trend By Anthony Rowley btworld@sph.com.sg Washington CONTRARY to popular belief, inequality between all people in the world has declined consistently since 1990, a new study by the World Bank has found.
      THE STRAITS TIMES FILE PHOTO  -  700 words
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      145 3 THERE IS ALWAYS ROOM AT THE TOP Reaching for the top is part of the culture at Asia Square.Singapore’s best office address has been recognised by some of the world’s leading industry bodies whohave given over 25 awards for design, construction quality, sustainability and energy management.This is just one of
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      48 4 Mr Eugene Chen Director Taipei Representative Office in Singapore Ms Mo-Fan Dinah,Tai Project Manager Foundation of Taiwan Industry Service (FTIS) Mr Patrick Chan Managing Director GAC Ventures Mr Ming-Yi Lin General Manager Managing Director Lightstar Information Corp., Ltd. Mr Chong Khai Sin Head of Eco-Certifications Singapore Environment Council
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      16 4 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      107 5 COMES FROM STANDING OUT 0 reasons why The Concourse is the right address for your business 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
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  • COMPANIES & MARKETS
    • Article
      Lock icon SGX raps KLW, two former key executives
      666 6  -  Regulator’s reprimand comes after 2015 special audit found lapses in internal controls and potential breaches of Catalist disclosure rules By Jamie Lee By leejamie@sph.com.sg @JamieLeeBT Singapore THE Singapore Exchange (SGX) has rapped door maker KLW Holdings and two former key executives, reprimanding them
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    • Article
      Lock icon CORPORATE DIGEST
      216 6 Perisai Petroleum Teknologi PERISAI Petroleum Teknologi Bhd together with joint venture partner Emas Offshore Limited (EOL) had received an “indicative offer” of financing from a financial institution on Sept 30. The Malaysian-listed offshore services firm said part of the amount from the indicative offer would be earmarked for
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    • Article, Illustration
      Lock icon Lapse in RTO deal sends Saizen Reit tumbling
      402 6  -  HOT STOCK By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A LAPSE in the framework agreement for a reverse takeover (RTO) of Saizen Reit by Malaysian conglomerate Sime Darby sent the Reit on a dive on Monday. Units of Saizen Reit tumbled 27 per
      Source: Bloomberg  -  402 words
    • Article
      Lock icon SIAS should be more careful before picking sides
      947 6  -  HOCK LOCK SIEW BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT AS Singapore’s leading voice for all minority shareholders, the Securities Investors Association (Singapore), or SIAS, should tread carefully when getting involved in ongoing general offers. SIAS has been an outstanding champion for minority shareholders
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    • Article
      Lock icon Beware of the private equity greed trap
      462 6  -  COMMENTARY By Nisha Gopalan T This column does not necessarily reflect the opinion of Bloomberg lp and its owners. BLOOMBERG Hong Kong WITH investors around the world facing zero to negative interest rates, the amount of money flowing into Asia’s private equity firms
      BLOOMBERG  -  462 words
    • Article
      Lock icon Banks unfazed by stricter rules for defining accredited investors
      736 7  -  They say the regulations won’t have material impact on wealth management revenues or their private banking business By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore BANKS are sanguine about their wealth business ahead of new rules defining who qualifies to be truly
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    • Article
      Lock icon More payment delays among firms in Q3; construction hardest hit: credit bureau
      329 7  -  By Angela Tan angelat@sph.com.sg Singapore PAYMENT delays, notably in the construction sector, have worsened over the year, according to the Singapore Commercial Credit Bureau’s (SCCB) latest payment statistics released on Monday. Prompt payments deteriorated strongly, accounting for only
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    • Article
      Lock icon Pimco: Asia debt at risk as dollar bond sales hit record
      598 9 issuance surges 66 per cent year-on-year in last quarter to US$152 billion as investors search for yield ASIA BONDS BLOOMBERG Hong Kong PACIFIC Investment Management Co (Pimco) is wary of the risks of rising debt levels after sales of
      BLOOMBERG  -  598 words
    • Article
      Lock icon Major Indian companies increasing investments in rupee bonds
      380 9 IFR Singapore WHILE Indian companies are taking advantage of falling yields to raise debt, they are also actively increasing their investments in the rupee bond market. The emergence of major companies as investors will help to broaden and deepen the bond market
      IFR  -  380 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist Straits Times Index Oct 3, 2016 2,870.84 +1.37 (+0.05%) Current streak 1 day Day high 2,888.33 Day low 2,861.95 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Oct 3,2016 452.20 +3.81 (+0.85%) Current streak 1 day Day high 453.84 Day
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      Lock icon Traders await Deutsche Bank news
      629 10  -  ST Index ekes out 1.4-point gain following firm opening in Europe and rise in US futures STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT TRADING on Monday was mainly listless and cautious as traders waited for further developments in Germany surrounding the fate of Deutsche Bank. However
      Source: Bloomberg  -  629 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 250 -2 253/248 257 209 6.1 6948.1 CapitaCom Trust 162 +3 162/159.5 164 127 5.3 4799.3 CapitaLand 316 -4 320/313 340 280 12.6 2.8 *****.6 CapitaMall Trust 217 unch 218/215 225 185
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    • Article
      Lock icon MOST ACTIVE
      35 10 VOLUME Cedar Strategic 67,192,200 Noble 58,534,100 Charisma W*****3 52,851,900 Spackman 50,650,900 Ezra 48,240,500 Market volume 1,378,357,000 VALUE Singtel 72,614,536 Keppel Corp 37,048,086 DBS Grp 26,442,637 OCBC Bank 24,212,796 CapitaLand 22,697,979 Market value 629,053,000
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      Lock icon OTHER SINGAPORE INDICES
      77 10 Oct 3 VALUE CLOSE BT OB/OS 99.00 -35.00 BT CADI -*****.00 +25.00 BT 10-day MA -*****.00 +10.00 FTSE ST Mid Cap 696.29 +2.97 FTSE ST Small Cap 383.10 -0.06 FTSE ST All Share 705.80 +0.57 FTSE ST China Top 159.60 -1.24 FTSE ST China 196.64 -0.63 FTSE
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      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share FTSE ST All-Share index Oct 3, 2016 705.80 +0.57 (+0.08%) Current streak 1 day Day high 708.97 Day low 703.95 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 30,2016 1,701.69 -4.95 (-0.29%) Current streak 1 day Day high 1,707.71 Day low 1,676.05 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 5 5 2 1 0 0 6 5 2 Manufacturing 33 46 21 10 4 9 43 50 30 Commerce 16 15 14 2 2 6 18 17 20 Tpt/Stor/Comms 12 12 7
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      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,063 205 17,268 62,290 33 62,323 Manufacturing 59,297 148,559 207,856 56,576 4,349 60,925 Commerce 116,502 14,856 131,358 53,285 245 53,530 Tpt/Stor/Comms 102,386 969 103,355 124,730 97 124,827 Finance 12,320 2,255 14,575 81,630 36 81,666 Construction
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    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low DBXT MSEurope US$ 5451 121.4 1.7 5733/4770 DBXT iBoxxSing SG$ ***** 102.0 0.7 *****/***** DBXT China50 US$ 3196 84.6 2.0 3268/2355 DBXT S&P500 US$ 3766 49.1 1.0 3790/3126 Lyxor Europe US$ 1295 46.4 2.7 1384/1150 BY PERCENTAGE CLOSE UP 52w high/low CPH 0.8
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -151.4 -0.9 *****/***** DBXT MSKorea US$ 5915 -50.5 -0.6 6041/4629 DBXT Vietnam US$ 2466 -32.8 -1.0 2533/2017 DBXT S&PShort US$ 1933 -31.4 -1.2 2362/1930 DBXT MSMSIA US$ 1131 -13.6 -0.9 1230/1006 BY PERCENTAGE CLOSE DOWN 52w high/low Amplefield Ltd 2.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE AEI 77.4 0.600 +0.240 +66.67 China Great Land 350.2 0.018 +0.005 +38.46 Cedar Strategic 67,192.2 0.002 -0.001 -33.33 Saizen Reit 7,130.3 0.043 -0.016 -27.12 Mary Chia 40.0 0.048 +0.002 +4.35 SunMoonFood 42,311.0 0.070 +0.004 +6.06 Eucon 277.0 0.015 +0.002 +15.39 Mirach Energy 162.5 0.058 -0.010
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    • BROKERS’ TAKE
      • Article
        Lock icon Sembcorp industries | Hold
        278 10 Sembcorp industries Hold Target price: s$2.40 Oct 3 close: S$2.57 Maybank Kim Eng Research, Oct 3 WE upgrade Sembcorp Industries (SCI) from “sell” to “hold” as we believe negatives have been priced in. That said, near-term India risks could still cap upside and we would prefer to wait for India
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      • Article
        Lock icon UOL Group | Buy
        203 10  - UOL Group Buy Compiled by Kenneth Lim Target price: S$7.30 Oct 3 close: S$5.66 OCBC Investment Research, Oct 3 UOL announced that a newly incorporated joint venture with UIC has entered into a sales and purchase agreement to acquire for £229.6 million (S$403.3 million) a freehold nine-storey mixed used building
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    • Article
      Lock icon SGX ETFS
      108 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 292 +1 444 293/291 314/254 291/292 IS MS INDIA US$ US739 +6 273 739/729 772/575 738/742 92.4 DBXT MSBrazil US$ US369 +2 116 370/367 391/190 370/372 ABF SG Bond ETF 119.1 -0.4 22 120/119
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    • Article
      Lock icon Sterling hits 3-year low vs euro as Brexit deadline set
      440 11 CURRENCIES REUTERS London STERLING slid to a three-year low against the euro and to within half a cent of a 31 -year trough versus the US dollar on Monday, after a March deadline was set for the start of the
      REUTERS  -  440 words
    • FOREX RATES
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        Lock icon HANG SENG
        2 11
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        Lock icon INTERBANK CROSS RATES
        471 11 Oct 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.005 5.116 0.683 5.948 51.005 99.501 0.778 8.448 3.172 1.053 80.137 36.995 1.046 10.459 0.746 24.026 26.562 0.596 0.767 Canada 0.995 5.089
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        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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        Lock icon INTERBANK CURRENCY RATES
        155 11 Oct 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0462 1.0466 0.7668 0.7670 Canadian dollar 1.0405 1.0410 0.7628 0.7626 Euro 1.5319 1.5327 1.1228 1.1232 NZ dollar 0.9931 0.9940 0.7279 0.7284 Sterling pound 1.7542 1.7550 1.2857 1.2861
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        Lock icon US$/S$ FORWARD RATES
        22 11 Oct 3 S$ Bid Offer 1-month 1.3639 1.3644 2-months 1.3638 1.3642 3-months 1.3634 1.3639 6-months 1.3629 1.3634 Source: OCBC
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        Lock icon NIKKEI
        1 11
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        203 11 Most active Oct 3 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Charisma EnergyServicesW*****3 0.1 unch ***** 1 3 1 STI 2800 MB ePW*****0 5.6 -0.2 3000 0.0 2 SingTel MB eCW*****2 5.1 0.3 2860 0.2 435 8 DBS
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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 30 Index Change Change Change Change Change Change World Preliminary 1306.9 0.3 2.3 0.4 -0.3 0.3 3.8 EAFE Preliminary 971.8 -0.4 -4.1 -0.2 -4.7 -0.3 -0.9 Europe Preliminary 1398.1 0.1 -1.0
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        375 11 Oct 3 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9577.50 9642.50 9565.00 9590.00 ***** *****8 Nov16 9602.50 9657.50 9600.00 9602.50 29 502 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Mar17 *****.00 *****.00 *****.00 *****.00 387 1239 MSCI TAIWAN
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    • BANK RATES
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        Lock icon INTERBANK RATES
        154 11 Oct 3 $S Offer Bid 0vernight 0.04 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.10 US$ 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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        Lock icon GOVERNMENT SECURITIES
        69 11 Oct 3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.8 105.82 105.80 5-Year N*****0Z 1.250 01-Oct-21 99.52 99.60 99.55 10-Year NX*****F 2.125 01-Jun-26 102.77 102.90 102.80 15-Year NZ*****F 2.875 01-Sep-30 109.82 110.18 109.70 20-Year NZ*****X 2.250 01-Aug-36 101.59
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Sep-30 Price Net change change Last Trade Agricultural Sep-30 CBOT Soybeans (US cents/bu) 954.00 3.75 0.39% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.24 0.15 0.45% 14/10/2016 CBOT Wheat (US cents/bu) 402.00 3.00 0.75% 14/12/2016 Sep-30 LIFFE Cocoa (£/tonne) 2223.00 11.00 0.50% 13/12/2016 LIFFE Coffee (US$/tonne) 2005.00 unch 0.00%
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    • Article
      Lock icon SGX MAINBOARD
      1842 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 142 +1.5 58 142.5 141.5 0.9 8 905 Div 144 101 ARA Asset Mgmt 136 +1 71 136.5
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    • Article
      Lock icon SGX CATALIST
      311 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld 0.6 0.1 t Advanced Systems 0.4 unch 0 0.4 0.4 10.5 46.5 29.5 t Advancer Global 40 unch 886 41.5 40 15.9 69.3 High 16.2 4.5
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    • Article
      Lock icon SGX ETF
      118 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3196 +62 4 3196 3168 8.8 391 190 DBXT MSBrazil US$ US369 +2 116 370 367 Low 6041 4629 DBXT MSKorea US$
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      Lock icon Page 6 Advertisements Column 1
      121 6 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NETEZZA SINGAPORE PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****1093D) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on 28
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      100 6 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF VARICENT SINGAPORE PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****4933N) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on 28
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      90 7 By creating and curating content with a masculine appeal, we've found our way to a man's heart. If you want your brands to win over the boys, start your journey here. Covering the worlds of different audiences, SPH Magazines links you to 9.7 million women, men and luxury consumers. www.sphmagazines.com.sg/360
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      612 8 EMBRACING CHANGE FOR LEARNING AND GROWTH Businesses need to continually change and transform to stay competitive. And managing change is the responsibility of everyone in the organisation. Learn to react to changes in a positive manner. Who should attend: Business Owners, Entrepreneurs, Senior and Middle Management, PMETs and Individuals HUMOUR
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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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  • ENERGY EFFICIENCY NATIONAL PARTNERSHIP
    • Article, Illustration
      Lock icon Industry sector steps up efforts to boost energy efficiency
      2167 13 Businesses are taking a wide range of approaches in their operations and reaping significant savings. BY NARENDRA AGGARWAL IMPROVING energy efficiency is one of the most cost-effective ways to address the challenges of energy cost, energy security and global climate change.
      PHOTO: REUTERS  -  2,167 words
    • Article, Illustration
      Lock icon Molex’s strong commitment pays off
      1052 14 / 15  -  Wins in two categories at this year’s EENP Awards are a testament to the firm’s robust efforts to promote energy efficiency. REPORTS BY NARENDRA AGGARWAL REPORTS BY NARENDRA AGGARWAL BEING strongly committed to promoting energy efficiency, Molex Singapore Pte Ltd is pleased to have bagged
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      Lock icon SMU practises responsible energy management
      854 14 / 15 SINGAPORE Management University (SMU), a winner in the Excellence in Energy Management category in the EENP Awards this year, started its energy efficiency efforts in 2007 and implemented an ISO ***** certified energy management system in 2013. It has a good track record of energy
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    • Article, Illustration
      Lock icon German Centre recognised for its push to save energy
      946 14 / 15 THE German Centre for Trade and Industry in Singapore has been conferred the Excellence in Energy Management award this year for its good energy management team with senior management support and for installing a good system to monitor and optimise its
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      Lock icon ExxonMobil focuses on continuous improvements
      1078 14 / 15  -  The company has won both the EENP Best Practices award for its Singapore refinery project and an Honourable Mention in the same category for its efforts at the Singapore chemical plant. REPORTS BY NARENDRA AGGARWAL REPORTS BY NARENDRA AGGARWAL Singapore-based ExxonMobil Asia Pacific Pte Ltd
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      Lock icon APBS has good savings
      871 14 / 15 THE substantial effort put in at Asia Pacific Breweries Singapore (APBS) in a project to analyse its process cooling plant and then retrofit the plant to make it more energy efficient has enabled the company to become one of the winners in the Best Practices category
      871 words
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      Lock icon Working together to make a difference
      1048 14 / 15 A JOINT project by Globalfoundries Singapore and Edwards Technologies Singapore for combustion chamber replacement abatement units has received Honourable Mention in the Best Practices category at the EENP Awards 2016. The project involved a redesign of the existing abatement units to reduce LPG consumption.
      1,048 words
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      Lock icon Leading the way in energy management
      1056 16  -  Eric Leung of ASM Technology Singapore has been named as an Outstanding Energy Manager of the Year for enabling his firm to achieve 23% energy reduction from 2012 to 2015. REPORTS BY NARENDRA AGGARWAL REPORTS BY NARENDRA AGGARWAL ERIC Leung, corporate facilities director at
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      Lock icon Leveraging on its people for innovative solutions
      791 16 ST Andrew’s Junior College has won the EENP Award this year for Best Energy Efficiency Practices for Public Sector Agencies in the schools category. It has been commended for good training and awareness-raising programmes involving students, solutions (interacting with a green consultancy company)
      791 words
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      Lock icon A winner’s views on optimising energy use
      757 16 FOR the manufacturing industry, energy efficiency is all about optimising energy use, says another Outstanding Energy Manager of the Year at this year’s EENP Awards, Mohamed Shahril Bin Jaffar. He is the manager of the plant engineering, environment, health and safety department at
      757 words
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      38 13 An initiative by: Brought to you by: M ENERi W EFFICt NATION FUTURE READY ENERGY EFFICIENCY NATIONAL PARTNERSHIP Singapore National Environment Agency Safeguard Nurture Cherish EDB Singapore f Mar r Authc Energy Market Authority Smart Energy, Sustainable Future
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  • STRATEGY SPOTLIGHT
    • Article, Illustration
      Lock icon Rolling with the punches
      1067 17  -  During this period of uncertainty, businesses need to build up a culture of resilience. BY FRANCIS KAN WITH companies around the world facing challenges on multiple fronts, many consider current business conditions to be the toughest in recent years. Whether it is due to slowing external
      1,067 words
    • Article
      Lock icon Dealing with a crisis
      308 17 DURING the global financial crisis in 2008, Micro-Mechan-ics Holdings faced one of the most severe downturns in its history. The company’s revenue fell by half within a month of the outbreak of the crisis. Executive director and CFO Chow Kam Wing describes the steps the company
      308 words
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      152 17 CPA CONGRESS CONNECTING THE BIGGEST MINDS. SINGAPORE 11 OCTOBER RAFFLES CITY CONVENTION CENTRE CPA Congress, the premier event for the accounting and finance profession, connects you to the world’s most recognised thought leaders, innovators and disruptors. Find out about the latest developing trends in grooming new leaders in the digital
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  • REAL ESTATE
    • Article
      Lock icon Growing stability seen in HDB resale market
      598 18  -  Q3 flash estimate from HDB shows resale prices remain flat for second straight quarter By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SIGNALLING growing stability in the public housing market, HDB resale prices were unchanged in the third quarter compared to the second quarter, based
      598 words
    • Article, Illustration
      Lock icon Chinese cities introduce curbs to cool home prices
      443 18 BLOOMBERG Shanghai LOCAL governments in nine Chinese cities tightened rules for home purchases over the last few days in a bid to damp resurgent demand and rein in excessive speculation. Beijing, Chengdu, Hefei and Suzhou are among Chinese hubs that have implemented
      BLOOMBERG; FILE PHOTO  -  443 words
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      Lock icon USING HUMOUR TO WORK SMARTER
      669 18  -  BY KEVIN RYAN For many people, working harder is not an option. They cannot commit more time nor do they have more energy to give. So, to be more productive, we have to find ways to work smarter. Many businesses have never considered humour as
      669 words
    • Article, Illustration
      Lock icon Q3 property investment sales slip in absence of Q2’s Asia Square deal
      779 19  -  URA’s tender closing for Central Boulevard site, sale of 77 Robinson Rd and half stake in Capital Square among deals expected in fourth quarter By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore BIG-TICKET property transactions, or what are termed investment
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    • Article
      Lock icon Leung pledges more land for cheaper HK housing
      216 19 BLOOMBERG Hong Kong HONG KONG Chief Executive Leung Chun-Ying pledged to provide more land to build apartments for low-in-come people in a bid to lower housing prices in the world’s least-afford-able city. Less than 25 per cent of Hong Kong’s land has
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  • Page 18 Advertisements
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      96 18 Offices for Lease Knight 44 Frank m KniqhtFrank.com.s Fragrance Empire Building at 456 Alexandra Road Contiguous floors from 1,000sf to 9,000sf Ready for immediate occupation Attractive rental rates Ample car park lots and amenities Close to various foodcourts and cafes Covered walkway to Labrador Park MRT station and Alexandra Retail
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      87 18 FREEHOLD “BUSINESS 1” SITE NEAR ALJUNIED MRT r.lllhw CUSHMAN lllllllfe WAKEFIELD >i iHi m If i -t. Annalyn Ooi (R*****6G) 6232 0886 9724 3662 4 separate land titles Total Land Area: 561.8 sq m (6,047sq ft approx.) Master Plan 2014: Zoned “Business 1” with plot ratio of 2.5 Potential to
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      45 18 Add value to the business by injecting humour with the "Humour Intelligence" workshop organised by STJobs on 25 October. All workshops organised by STJobs qualify for tax savings under the Productivity and Innovation Credit (PIC) scheme*. *Subject to terms and conditions under the PIC scheme.
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      144 19 Lot 1957L Bt Tinggi Road Binjai Crest Chantek Binjai Pk Kg Swiss Club Link Lot 1939X Embassy of Switzerland Lot 1945M Agency Licence No.: L*****36J KnightFrank.com.sg Lam Soon Industrial Building Freehold 93 Strata Units Ramp-up direct loading Floor Loading up to 100 kN/m2 5 minutes’ drive to Hillview MRT Close
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      382 19 Expected TOP 1 st Quarter 2017 VISION E X C H A N G E Inspiring Works. Creating Opportunities. OFFICE FOR LEASE Flexible sizes and layout from 2,000 to 25,000 sq ft per floor Suitable for corporate HQ, sales or branch office with grand lobby entrance 24 hours access security
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  • BANKING & FINANCE
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      Lock icon Job cuts mount as Asian investment banking fees slide
      762 20 Fee data shows slump in equity underwriting revenues exerting the greatest pressure IFR Hong Kong THE future of Asian investment banking is again under scrutiny as global banks scale back their operations in the region. Goldman Sachs and Bank of America
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    • Article
      Lock icon Britain’s finance sector at odds over Brexit lobbying
      1023 20 REUTERS London LARGE banks in Britain have clashed with other parts of the financial sector about who should be leading efforts to lobby the government over Brexit. Failing to present a united front could be damaging as the industry, Britain’s largest export
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      413 20 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g 00¥J
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      283 20 In the Matter of The Companies Act, Cap. 50 And In the Matter of TRITON METALS INTERNATIONAL PTE. LTD. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****7553K) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General
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      356 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OCEAN CHAIN PTE. LTD. (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****5557G Notice of Resolution for Member’s Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of the members of Ocean Chain Pte. Ltd.
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      158 20 In the Matter of The Companies Act, Cap. 50 And In the Matter of GLOBAL MINE DEVELOPMENT PRIVATE LIMITED (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****6634N) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General
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  • ENERGY & COMMODITIES
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      65 21 NOTICE TO TRADE EMERGENCY COST RECOVERY SURCHARGE (ECRS) Singapore/Port Klang to Kolkata and vice versa With effect from 5 October 2016, we will apply an EMERGENCY COST RECOVERY SURCHARGE (ECRS) of a minimum of USD 200.00 per TEU (Laden) and USD 100.00 per TEU (Empty) on all SOC shipments from
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      3156 21 r ALLIANCE MINERAL ASSETS LIMITED ALLIANCE MINERAL ASSETS LIMITED (Company Registration Number: ACN 147 393 735) (Incorporated in Australia on 6 December 2010) NOTICE OF ANNUAL GENERAL MEETING This Notice at Meeting should be read in its entirely. If Shareholders are in doubt as to how they should vote, they
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Seattle, Vancouver seek to deepen tech, economic ties
      895 22 Political, academic and tech elite of both cities are looking for ways to bring them closer together NYT Vancouver SEATTLE and Vancouver are like fraternal twins separated at birth. Both are bustling Pacific Northwest coastal cities with eco-conscious populations that have accepted
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    • Article
      Lock icon Momo’s 123% Q3 returns show there’s big money in live streaming
      577 22 BLOOMBERG New York CHINA’S live-streaming video craze is producing huge returns for US investors. Momo Inc’s 123 per cent thirdquarter return was the fourth-best among US-listed stocks with market values of at least US$2 billion. The Chaoyang-based company, which
      BLOOMBERG  -  577 words
    • Article, Illustration
      Lock icon DRIVE INNOVATION WITH THE RIGHT QUESTIONS
      650 22  -  Observe your customers to come up with something new By Moi Kok Wah Innovation is all the rage as it is the key to driving businesses forward. It is not just about creativity. If you are able to observe customers and think systematically, you
      650 words
  • Page 22 Advertisements
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      46 22 A special feature brought to you by LEARNING Sign up today at HTTP://LEARNING.STJOBS.SG/BOOTCAMP All bootcamps organised by STJobs qualify for tax savings under the Productivity and Innovation Credit (PIC) scheme*. *Subject to terms and conditions under the PIC scheme. 'H'ST iobs 0 LEARNING AN S|2l EVENT
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  • CONSUMER
    • Article, Illustration
      Lock icon Amazon counting on Diwali to take title as India’s top Web retailer
      1044 23 It targets dormant shoppers and first-time buyers; major rivals Flipkart and Snapdeal face critical test this year BLOOMBERG Bengaluru WHEN Jeff Bezos donned a bandhgala jacket two years ago and posed for photographs in India, he wasn’t just
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    • Article
      Lock icon China’s luxury tax cut is skin deep for Korean cosmetics
      454 23 Tax decrease may further cement Korean brands’ popularity in China, curb overseas travel by Chinese BLOOMBERG Hong Kong IN the cosmetics business, things can’t always be taken at face value. Reports last Friday that China’s consumption tax for luxury cosmetic
      BLOOMBERG  -  454 words
  • Page 23 Advertisements
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      92 23 NOTICE TO TRADE EMERGENCYCOSTR COVERYSURCH RGE( CRS) Singapore/Port Klang to Kolkata and vice versa We wish to notify the trade that with the congestion at Kolkata and in order to recover the loss in revenue arising from the situation, we will apply the following ECRS on all SOC shipments from
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  • TRANSPORT
    • Article, Illustration
      Lock icon New Jersey Transit was under probe before last week’s crash
      913 24 Officials began an audit after noticing a rise in safety violations and leadership vacuum at the top NYTIMES New York THE US Federal Railroad Administration (FRA) began investigating safety problems at New Jersey Transit before the recent fatal train crash,
      NYTIMES; PHOTO: AFP  -  913 words
    • Article
      Lock icon Tesla shipments top analysts’ estimates after Musk urges sales push
      466 24 BLOOMBERG San Francisco TESLA Motors Inc delivered 24,500 vehicles in the third quarter, topping analysts’ estimates, after chief executive officer Elon Musk implored employees to boost sales during the period ahead of a plan to raise more capital. The maker
      BLOOMBERG  -  466 words
    • Article
      Lock icon Garuda’s US return to generate 5% of 2017 revenue: CEO
      246 24 REUTERS Montreal GARUDA, Indonesia’s national carrier, expects its return to the United States next year with three flights a week to generate about 5 per cent of the airline’s top-line passenger revenue for 2017, its chief executive said. The airline
      REUTERS  -  246 words
    • Article
      Lock icon VW to pay US suppliers US$1.2b over Dieselgate
      254 24 AFP San Francisco GERMAN car giant Volkswagen has agreed to pay US suppliers some US$ 1.2 billion to settle claims emanating from the “Dieselgate” pollution scandal, the firm and suppliers said on Friday. Volkswagen issued a statement saying that it had reached
      AFP  -  254 words
  • Page 24 Advertisements
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      136 24 NOTICE TO TRADE EMERGENCY COST RECOVERY SURCHARGE Singapore Port Klang to Kolkata and vice versa With the current congestion and traffic restrictions in the Kolkata port area which resulted in the loss in revenue and increased costs, we will implement an Emergency Cost Recovery Surcharge (ECRS) of a minimum of
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      113 24 INT’L CONFERENCE (14 Oct, 9.00am 5.30pm) FRANCHISING LICENSING ASIA 2016 International Conference Workshop ENTER I EXPAND I EXPLORE HALF-DAY WORKSHOP (15 Oct, 9.00am- 12.30pm) Q Allan Menagh Kumon Singapore Joey Garcia Minor Food Group Tom Luczynski Orkins International Development Franchising Frederick Liau BetaMovement Come as a group of 2 4
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      24 24 High-end private home prices here fall by an average of 25%over last 5 years tel m To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon EU won’t negotiate Brexit before formal notification by London
      836 25 Pound hits three-year low against euro after May announces Britain will trigger exit talks by end-March REUTERS, AFP AFP Brussels THE European Commission said on Monday it would “work constructively” with Britain on the terms of the country’s exit from the
      REUTERS, AFP; AFP  -  836 words
    • Article, Illustration
      Lock icon Small Japan firms dying out as successors elude ageing owners
      633 25 REUTERS Tokyo JAPAN’S small firms, many of which are “mom-and-pop” operations, are dying out as their ageing owners struggle to find successors, in another sign that the fast-ageing population is taking its toll on the world’s third-largest economy. Prime Minister
      REUTERS; PHOTO: REUTERS  -  633 words
    • Article, Illustration
      Lock icon Japan’s Ohsumi wins Nobel Prize for cell ‘recycling’ work
      602 25 AFP Stockholm YOSHINORI Ohsumi of Japan won the Nobel Medicine Prize on Monday for his pioneering work on autophagy a process whereby cells “eat themselves” which when disrupted can cause Parkinson’s and diabetes. He is currently a professor at the Tokyo
      AFP; PHOTO: REUTERS  -  602 words
    • Article
      Lock icon September manfacturing expands slightly after August contraction
      329 25 LATEST US DATA BLOOMBERG Washington US manufacturing expanded at a modest pace in September after unexpectedly shrinking a month earlier, underscoring limited progress for the battered sector. The Institute for Supply Management’s (ISM) index advanced to 51.5 from August’s 49.4 reading that marked
      BLOOMBERG  -  329 words
  • Page 25 Advertisements
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      25 25 Kick-start your investment strategy with tips from $how Me The Money $how Me The Money Book 4 is now available at leading bookstores and www.stpressbooks.com.sg
      25 words
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      75 25 sch Asia 2016 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2016 18-20 OCTOBER 2016 Singapore EXPO Halls 3 4 and MAX Atria 10am-6pm (18-19 Oct) 110am-5pm (20 Oct) M&'tmmtr I l« GorGirLJuikjff Productive Machinjw& Technologies M™"' Quality Finishes V r- tr Featuring 4 Key Segments Construction
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  • OPINION
    • Article
      Lock icon Governance and business friendly market rules not mutually exclusive
      559 26 EDITORIAL NURTURING the development of any capital market is an ongoing exercise in which the central consideration is always balancing being “business friendly” on one hand with increased governance on the other. The Monetary Authority of Singapore (MAS) recognises this a
      559 words
    • Article
      Lock icon Why Asean is failing
      700 26  -  THE BOTTOM LINE By Munir Majid T The writer is chairman of Bank Muamalat Malaysia, co-chair of the Asean Business Advisory Council, president of the Asean Business Club and chairman of the Advisory Council of CIMB Asean Research Institute. This was first published as an official
      700 words
    • Article, Illustration
      Lock icon Expanding into India: If not now, when?
      1307 26  -  India, with its promise of growth, is perfect for S’pore firms looking to scale up. BY AJAY KANWAL T The writer is regional CEO for Asean and South Asia at Standard Chartered Bank SINGAPORE and India’s friendship dates back hundreds of years, and
      PHOTO: REUTERS  -  1,307 words
    • Article
      Lock icon Why the US vice-presidential debate matters to the world
      1069 27  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics INDIANA governor Mike Pence and Senator Tim Kaine, the running mates of Donald Trump
      1,069 words
    • Article
      Lock icon Brexit’s three silver linings for the European Union
      588 27  -  By Kalin Anev janse T The writer is secretary general of the European Stability Mechanism. This article reflects his personal opinion and is based on a longer piece entitled “How Brexit could boost the European Union”. This was originally published as an
      588 words
    • Article, Illustration
      Lock icon Nobel body should embrace broader definition of science
      1079 27 Continuing to ignore the evolution of science, which has expanded to include ever more facets of our world, could harm the field’s overall standing. BY GABRIEL POPKIN T The writer is a science and environmental writer IN THE mid-1960s, Robert Paine, a
      1,079 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      134 26 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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      1008 28 THE BUSINESS TIMES SHIPPING TIMES FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA II 12/16 06/10 08/10 BELITUNG/PKL BALAM SRIJAYA 8 26/16 07/10 09/10 JAMBI/PEKAN BARU CARAKA JN3 II 15/16 06/10 08/10 PALEMBANG/PANJANG BERJAYA I 14/16 07/10 09/10 BELAWAN/MALAHAYATI INDONESIA JAVA SULAWESI PORTS VESSEL
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Arts’ highest honour for two veterans
      421 29  -  Movie and music legend Nona and master of Chinese calligraphy Koh Mun Hong will receive the Cultural Medallion. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @helmiBT Singapore ONE is a movie and music legend, the other is a master of Chinese calligraphy. Both are
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    • Article, Illustration
      Lock icon Corporate teams raise over S$23,000 for charity at OCBC Cycle
      390 29  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore TEAMS of cyclists from 12 organisations in Singapore took part in The Business Times Cycle of Hope Corporate Bike Ride on Sunday, raising a total of S$23,195 for four charities in the process. The
      390 words
    • Article, Illustration
      Lock icon ‘Puppy farm capital’ Ireland dogged by trafficking
      679 29 AFP Dublin ILLEGAL dog-breeding on an industrial scale has turned Ireland into the “puppy farm capital of Europe”, according to campaigners who say a recent crackdown is failing to curb the lucrative business. Thousands of puppies worth hundreds of euros each are shipped
      AFP; PHOTO: AFP  -  679 words
    • Article, Illustration
      Lock icon Fancy a round of golf and dinner with Schooling?
      409 29  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore NATIONAL swimmer Joseph Schooling, Singapore’s first Olympic gold medal winner, will be back in Singapore in November and one of the many functions that the University of Texas student will be attending is the Singapore
      409 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      320 29 CRYPTIC CROSSWORD Across 1 In which a stretch is more comfortable? (4,6) 6 Sturgeon, say, starts to seem costly over trout (4) 10 Classic writer in front of regime (5) 11 Overindulge fellow, one posed strangely outside (9) 12 Flexible learner is getting pair of notes (7) 13 Promoting disorder
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  • SME
    • Article, Illustration
      Lock icon High-tech way to find talent
      1070 30  -  James Galvin leverages his strong background in tech to solve recruitment woes. BY VIVIEN SHIAO BY VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT Founders of startups and small and medium-sized enterprises (SMEs) know this: manpower can make or break your business before it even gets off the ground.
      PHOTO: VIVIEN SHIAO  -  1,070 words
    • Article, Illustration
      Lock icon Intac banks on collaborative culture
      1356 30  -  Its collegial environment and focus on staff welfare have seen remarkable growth By Cheng Shirley, Dai Yujing, Ferdinand Wu Wenlong, Nina Wang Jia Xin T The writers are students from NUS Business School. STEP into Intac Systems Solution Pte Ltd and you will be greeted
      1,356 words
  • Page 30 Advertisements
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      64 30 Celebrating Singapore´s Enterprising Spirit 2016 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Intac Systems Solution Pte Ltd was among the winners in 2015. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC
      64 words
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  • Page 1 Advertisements
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      34 1 OCTOBER 2016 SPOTLIGHT SAT PAL KHATTAR From legal eagle to savvy investor ROUNDTABLE Riding the uptrend in Asian markets REAL ESTATE Luxurious gems in key global cities IN-DEPTH US tax crackdown: Is Singapore next?
      34 words
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  • Page 3 Advertisements
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      49 3 Credit Suisse Is your Private Banker on speaking terms with your Investment Banker? Discover how you can benefit from having Private Banking and Investment Banking integrated under one roof at credit-suisse.com/collaboration 1 .j- 1 %f. C > M 1 A > pi r mm itejJ m v t V U
      49 words
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  • Page 5 Advertisements
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      50 5 Standard Chartered Private Bank Your entrepreneurial drive is fuelling your success As you navigate your business and fulfil your family aspirations, we can help grow and protect your wealth. Un l i o Here for good sc.com/privateban Standard Chartered Private Bank is the private banking division of Standard Chartered Bank.
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  • OCTOBER 2016
    • Article, Illustration
      Lock icon Editor’s note
      766 6  -  By Genevieve Cua T would seem that the odds were stacked against Sat Pal Khattar in his youth. His education in his teens was interrupted when he had to help his father in a sporting goods business. His A level results were “quite bad”, as he recounts, and
      766 words
    • CONTENTS
      • Article, Illustration
        Lock icon SPOTLIGHT
        26 2 8 Law and more Having scaled acareer pinnacle as founder of KhattarWong, lawyer Sat Pal Khattar is now building his legacy as a savvy investor
        26 words
      • Article
        Lock icon TRUSTED ADVISER
        26 2 12 All-round partnership The key to wealth management is to understand clients and arrive at solutions for their needs, says UBS’ Gan Seow Ann
        26 words
      • Article
        Lock icon IN-DEPTH
        15 2 14 US tax crackdown After moving successfully against Switzerland, is Singapore now in focus?
        15 words
      • Article
        Lock icon ASSET MANAGER
        21 2 15 Harnessing the bright spot Franklin Templeton’s Grant Bowers gives his take on what’s ahead for the US market
        21 words
      • Article
        Lock icon ROUNDTABLE
        24 2 16 Riding high in Asia With Asian markets on the rebound, our panellists give their take on how investors can ride this uptrend
        24 words
      • Article
        Lock icon REITS AND INFRASTRUCTURE
        27 2 20 In a class of its own Global Reits are well positioned to outperform other asset classes while infrastructure is a reliable portfolio diversifier
        27 words
      • Article
        Lock icon ALTERNATIVE INVESTMENTS
        19 2 21 Seeking visible yields Fixed maturity investing melds positive aspects of direct bond portfolios and active management
        19 words
      • Article, Illustration
        Lock icon REAL ESTATE
        25 4 22 Luxurious gems In uncertain times, resilience to emerging threats has become a major competitive edge of prime property in key global cities
        25 words
      • Article
        Lock icon ULTRA WEALTH
        21 4 24 Kalahari dreams Tswalu reserve is a conservation effort that is~~ giving the ravaged South Africa desert afresh start
        21 words
      • Article, Illustration
        Lock icon LIFESTYLE
        12 4 26 On-waterprestige Luxury yachts take the sailing experience nautical miles further
        12 words
    • SPOTLIGHT SAT PAL KHATTAR
      • Article, Illustration
        Lock icon Law and more
        2109 9  -  Having scaled a career pinnacle as founder of KhattarWong, lawyer Sat Pal Khattar is now building his legacy as a savvy investor By Genevieve Cua T would seem that over a period of more than three decades, lawyer Sat Pal Khattar scaled something of a career pinnacle
        PHOTO: ISTOCK  -  2,109 words
    • TRUSTED ADVISER
      • Article, Illustration
        Lock icon All-round partnership
        1162 12  -  The key to wealth management is to understand clients and arrive at solutions for their needs, says UBS’ Gan Seow Ann By Genevieve Cua HANKS to a career spanning nearly three decades at brokerages such as Merrill Lynch and more recently helming the Singapore Exchange (SGX) as its
        PHOTO: ARTHUR LEE  -  1,162 words
    • IN-DEPTH
      • Article, Illustration
        Lock icon US tax crackdown
        1417 14  -  After moving successfully against Switzerland, is Singapore now in focus? By SETH COHEN, JOANNA YAP IGHT years ago, the US government began focusing on the pursuit of its citizens, green card holders and certain visa holders who evaded tax by not reporting their offshore assets and accounts.
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        1006 15 Franklin Templeton’s Grant Bowers gives his take on what’s ahead for the US market THE US market has been virtually the single bright spot among global equity markets with its extended run of strong returns since 2009. What lies ahead? Grant Bowers, portfolio manager for Franklin
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        3253 16 With Asian markets on the rebound, our panellists give their take on how investors can ride this uptrend ASIAN equities have rebounded this year with double digit returns in some selected markets. How sustainable is this rise? Our experts share their views. Genevieve Cua: What do
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        202 16  -  Genevieve Cua Genevieve Cua, BT Wealth Editor poses questions to wealth experts fortheirviews on Asian equities’rise. Alexis Calla is Standard Chartered Bank Global Head of Investment Strategy, Advisory Discretionary. Alexis is responsible for defining and delivering the bank’s wealth management advisory proposition. He also oversees
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        1106 20  -  Global Reits are well positioned to outperform other asset classes while infrastructure is a reliable portfolio diversifier By MATTIHAS MEYER EAL Estate Investment Trusts (Reits) and infrastructure securities are a unique and growing asset class that continues to garner attention from the investment community
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        777 21  -  Fixed maturity investing melds positive aspects of direct bond portfolios and active management By Rajesh Manwani EFINED or fixed maturity investing as a concept has been available to investors for a number of years, but it has become widespread in Asia only recently. At Credit Suisse, we
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        1134 22  -  In uncertain times, resilience to emerging threats has become a major competitive edge of prime property in key global cities Tay Kah Poh Executive Director and Head of Residential Services Knight FrankSingapore Debbie Lam Manager Consultancy Research Knight FrankSingapore A CCORDING to Knight Frank’s 2016 Wealth Report, between
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        995 24  -  Tswalu reserve is a conservation effort that is giving the ravaged South Africa desert afresh start Tara Loader Wilkinson Editor in Chief, Billionaire ICKY Oppenheimer, the billionaire South African philanthropist and former chairman of De Beers, believes some things happen for a reason including his acquisition of South
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        1045 26  -  Luxury yachts take the sailing experience nautical miles further By Rahita Elias FOR yachting enthusiasts, few joys can rival the feel of the sun on your face, the wind in your hair, and the feeling of utter freedom as your vessel rides the waves on a perfect, sailing
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