The Business Times, 7 October 2016

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Total Pages: 28
1 28 The Business Times
  • 22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 Friday, October 7, 2016 S$1.20 CO REGN NO *****2868E
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  • 157 1 Swiber Holdings’ plea for a shot at rescuing its business under a court-supervised plan is answered the High Court grants its application for judicial management. TOP STORIES 2 SPH Reit reports a rise in fiscal fourth-quarter distribution to unitholders as operational performance proves resilient. COMPANIES MARKETS 5 Standard
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  • 740 1  - IE Singapore links up with banks to support new oil gas projects Industry sources say proposal tabled for government to absorb bulk of risk in each new project loan By Siow Li Sen Tan Hwee Hwee lisen@sph.com.sg, hweetan@sph.com.sg @HweetanBT Singapore IE Singapore is working with local banks to provide funding
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  • 695 1  -  Sibor, which has barely moved in the last few months, hits 0.*****% on Thursday By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE three-month key Singapore interbank offered rate or Sibor has finally cracked, weighed down by domestic liquidity and
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  • 26 1 Thursday Change STI 2,885.22 +3.43 KL COMP 1,666.73 +3.81 NIKKEI 225 16,899.10 +79.86 HANG SENG 23,952.50 +164.19 SHENZHEN B CLOSED DOW (11,a5am EDT) 18,202.31 -78.72
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  • Page 1 Advertisements
    • 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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    • 12 1 NEW VISTAS India offers opportunities despite challenges: PM Lee TOP STORIES 2
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    • 53 1 DOUBLE THE FUN Revamped BT weekend out on Saturday top stories 2 URA FETES HERITAGE Keeping the past alive BT LIFESTYLE 28 GET YOUR FRIDAY FIX Dining Out and Motoring now appear on Fridays Don’t miss your favourite restaurant and car reviews all in the same place, starting today in
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  • TOP STORIES
    • 393 2 Singapore THE first revamped edition of The Business Times Weekend (BT Weekend) will hit the stands on Saturday. From this week, the newspaper will come with its own luxury lifestyle magazine, called Weekend. The magazine will cover the best in fashion
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    • 753 2  -  Lawyers say clarity on costs will let creditors weigh cost benefits of rescue process against the potential returns By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore HIT by mounting claims from creditors and trade suppliers and worsening cash crunch, Swiber Holdings’ plea
      FILE PHOTO  -  753 words
    • 515 2 India is increasingly open to foreign investment, but Singapore hopes curbs that still exist can be eased THE STRAITS TIMES Udaipur INDIA holds many opportunities for Singapore and is increasingly open to foreign investment, said Prime Minister Lee Hsien Loong as he wrapped
      THE STRAITS TIMES; PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  515 words
    • 562 2  -  By Samuel Ee samuelee@sph.com.sg Singapore MARKET leader NTUC Income is using technology to monitor driving behaviour and reward good drivers with discounts on motor insurance premiums. In a novel move, it is applying this telematics-based insurance system to passenger cars in Singapore; such
      FILE PHOTO  -  562 words
    • 496 4  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore SMALL and medium-sized enterprises (SMEs) in the region stand to gain from the creation of the Asean Economic Community (AEC), but navigating the complexities of international trade will be challenging, according to a report from ACCA
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    • 1243 4  -  Newly formed agency’s chairman also unveils measures to support Singapore’s Smart Nation project By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THERE’S a need to build deep technical capabilities within the government and nurture a culture of excellence
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    • 468 4  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore KANBAWZA Bank or KBZ Bank has opened a representative office in Singapore, the first Myanmar bank to do so here. Myanmar’s largest privately owned bank, KBZ said its office here is part of
      PHOTOS: KBZ BANK  -  468 words

  • Page 3 Advertisements
    • 831 3 >v* ,•'1* it* w Singapore International Cyber Week Opening of Singapore International Cyber Week 2016 SINGAPORE INTERNATIONAL CYBER WEEK 2016 Building a Secure and Resilient Digital Future Through Partnership 10-12 October 2016 Suntec Singapore Convention Exhibition Centre KEYNOTE SPEAKERS H.E. Dr H. Wiranto Coordinating Minister for Political, Legal and Security
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  • Page 4 Advertisements
    • 390 4 CFA Society Singapore CFA SINGAPORE INVESTMENT CONFERENCE 2016 4 November 2016 SGX Centre 1, Level 2 Auditorium Time: 9am to 5pm Investing Today... Challenges and Opportunities for us all... In a world where divergence in growth and policy formulation is ever increasing, what are the key forces and trends that
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  • COMPANIES & MARKETS
    • 729 5  -  Operational performance resilient with gross revenue, net property income both higher By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore SPH Reit, a real estate investment trust sponsored by media group Singapore Press Holdings (SPH), on Thursday reported an increase in fiscal fourth-quarter distribution
      FILE PHOTO  -  729 words
    • 780 5  -  HOCK LOCK SIEW BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT GROUND-HANDLER SATS is continuing to build its footprint overseas, which places it in good stead for long-term growth, but investors might want to sit tight for now. The stock of SATS has
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    • 453 5 BLOOMBERG Hong Kong HONG KONG’S financial regulator plans to speed up its probes and create teams focused on investigating specific areas of wrongdoing, such as market manipulation. Thomas Atkinson, who became executive director and head of enforcement at the Securities and Futures Commission
      BLOOMBERG  -  453 words
    • 335 5  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore KEPPEL DC Reit has bought the “shell and core building” of a data centre in the United Kingdom for £34 million (about S$59.7 million) in a bid to ride on growing demand for
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    • 662 6  -  Investors are better able to find good companies by paying attention to the environmental, social, governance metrics RESPONSIBLE INVESTING By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore EVALUATING potential investments through an environmental, social and governance (ESG) lens is a logical process that can help investors
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    • 634 6 BLOOMBERG Sydney DAVID Macri has a rebuttal to naysayers of ethical investing: two decades of returns that are more than double the Australian equity market. The main fund at Australian Ethical Investment Ltd has returned an average of 10.9 per cent a year
      BLOOMBERG  -  634 words
    • 291 6  -  B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FRASERS Property Australia, known formerly as Australand, has acquired a 15.19-hectare site in Sydney’s Chullora industrial area. The Australian division of Frasers Centrepoint Limited intends to develop space on the site with an end-value of A$55 million
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    • Article, Illustration
      63 8 STI Catalist Straits Times Index Oct 6,2016 2,885.22 +3.43 (+0.12%) Current streak 1 day Day high 2,901.73 Day low 2,883.91 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Oct 6,2016 458.92 +7.54 (+1.67%) Current streak 1 day Day high 458.97 Day low
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    • 75 8 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 9273 182.4 1.5 9341/6692 JSH USD 3334 87.8 2.0 3417/2524 DBXT MSKorea US$ 5911 68.6 0.9 6041/4629 Lyxor ChinaH US$ 1415 59.0 3.1 1550/999 DBXT China50 US$ 3215 42.5 1.0 3268/2355 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.3 200.0
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    • 73 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -128.9 -0.4 *****/***** GLD US$ ***** -96.0 -0.6 *****/***** JMH USD 6100 -67.2 -0.8 6371/4500 DBXT ASX200 US$ 3593 -37.0 -0.7 3621/2900 DBXT Nifty US$ ***** -20.6 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotive 0.2 -60.0 -0.3
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    • 81 8 VOL CLOSE($) CHANGE UPP 14,047.4 0.255 +0.064 +33.51 Blumont 6,902.2 0.002 +0.001 +100.00 Sinostar Pec 499.0 0.110 +0.014 +14.58 MMP Resources 35,831.9 0.004 -0.002 -33.33 Sapphire 6,753.4 0.330 +0.025 +8.20 LifeBrandz 6,100.3 0.002 +0.001 +100.00 United Food 278.9 0.027 -0.006 -18.18 Meghmani SDS 94.0 0.345 +0.050 +16.95 Next-Gen
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    • 609 8  - Noble, oil gas stocks in heavy play ST Index opens at 2,901 after US overnight rally, but ends only 3.4 points up at 2,885 after Dow futures slide STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT HEAVY trading of Noble Group’s shares as well as stocks from the oil and gas (O&G)
      Source: Bloomberg  -  609 words
    • 302 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 unch 250/247 257 209 6.2 6892.5 CapitaCom Trust 163 +0.5 164/162 164 127 5.3 4828.9 CapitaLand 316 -1 320/316 340 280 12.6 2.8 *****.6 CapitaMall Trust 214 +1 216/214 225 185
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    • 36 8 VOLUME Noble 436,293,100 Ezra 244,530,200 Ezion 124,724,700 Charisma Energy 49,336,400 Healthway Med 46,892,500 Market volume 2,370,967,000 VALUE DBXT MSAsExJp US$ 169,511,922 Noble 80,073,118 DBS Grp 51,570,343 Singtel 49,373,968 Keppel Corp 45,957,659 Market value 941,368,000
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    • 107 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSAsExJp US$ US3577 3445 -/-3633/2772 3602/3617 8.2 STI ETF 293 405 295/293 314/254 293/294 IS MS INDIA US$ US742 +1 269 745/738 772/575 738/742 92.8 Nikko AM STI ETF 300 +1 166 300/299 320/259 299/301
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    • 77 8 Source for FVSE 5T indices: Inaaramrve Data Oct 6 VALUE CLOSE BT OB/OS 252.00 +38.00 BT CADI -*****.00 +74.00 BT 10-day MA -*****.00 +25.00 FTSE ST Mid Cap 703.83 +1.56 FTSE ST Small Cap 389.31 +1.75 FTSE ST All Share 710.65 +1.47 FTSE ST China Top 161.14
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    • 36 8 STI FTSE ST All-Share FTSE ST All-Share index Oct 6, 2016 710.65 +1.47 (+0.21%) Current streak 4 days Day high 713.31 Day low 710.65 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE index Oct 5,2016 1,701.40 -3.44 (-0.20%) Current streak 1 day Day high 1,710.81 Day low 1,699.98 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 4 1 0 0 10 3 4 Manufacturing 35 27 35 11 10 6 46 37 41 Commerce 26 14 10 10 2 3 36 16 13 Tpt/Stor/Comms 12 12 7
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,704 338 23,042 77,871 55 77,926 Manufacturing 146,472 23,087 169,559 86,583 1,304 87,886 Commerce 480,005 49,045 529,050 144,900 870 145,771 Tpt/Stor/Comms 308,892 2,598 311,490 126,146 265 126,411 Finance 16,409 596 17,005 116,295 88 116,383 Construction
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    • BROKERS’ TAKE
      • 177 8 Target price: S$3.63 Oct 6 close: S$3.77 OCBC Investment Research, Oct 6 SIA Engineering Co (SIAEC) announced earlier this week the completion of the amalgamation of the joint ventures (JVs) it has with Rolls-Royce Singapore (RRS), namely Singapore Aero Engine Services Pte Ltd (SAESL) and International Engine
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      • 277 8  -  Compiled by Kenneth Lim Target price: S$10.30 Oct 6 close: S$9.33 UOB Kay Hian Research, Oct 6 VENTURE’S operating performance is on track despite geopolitical uncertainties relating to Brexit and the US presidential election. Thus far, the run rates for production in July and August are slightly
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    • 8 8 DATA I Oct 7 US unemployment rate
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    • 420 9 CURRENCIES REUTERS London THE US dollar ground higher on Thursday, extending this week’s four-week highs against the yen before a jobs report many expect to help seal the case for a rise in US interest rates in December. Rises in US Treasury yields over
      REUTERS  -  420 words
    • FOREX RATES
      • 471 9 Oct 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.001 5.061 0.677 5.884 50.554 98.536 0.786 8.440 3.139 1.060 79.250 36.630 1.040 10.427 0.741 23.837 26.435 0.596 0.759 Canada 0.999 5.054
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      • 155 9 Oct 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0402 1.0405 0.7585 0.7586 Canadian dollar 1.0387 1.0392 0.7576 0.7574 Euro 1.5361 1.5366 1.1201 1.1203 NZ dollar 0.9814 0.9821 0.7156 0.7160 Sterling pound 1.7441 1.7449 1.2718 1.2722
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      • 22 9 Oct 6 S$ Bid Offer 1-month 1.3709 1.3714 2-months 1.3709 1.3713 3-months 1.3703 1.3707 6-months 1.3705 1.3711 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 206 9 Most active Oct 6 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Charisma EnergyServicesW*****3 0.2 0.1 ***** 1 3 1 Secura Group W*****5 2.4 unch 3057 1 35 74 8.96 27 UOB MB eCW*****1 10.1 0.3 2930 0.1 1880
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Oct 5 Index Change Change Change Change Change Change World Preliminary 1309.8 0.3 2.5 0.3 0.1 0.2 3.6 EAFE Preliminary 982.9 -0.1 -3.0 -0.1 -4.2 -0.2 -0.9 Europe Preliminary 1412.3 -0.3 0.0
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      • 390 9 Oct 6 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9622.50 9695.00 9612.50 9687.50 ***** *****2 Nov16 9650.00 9695.00 9640.00 9692.50 172 553 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar17 *****.00 *****.00 *****.00 *****.00 535 2074 MSCI TAIWAN
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    • BANK RATES
      • 174 9 "'1' 3. 55 one mu Overmgm 005 0 02 I-Iflbmh D 625 0 .375 Zrrnomhs 0.3125 0.68% 3-momhs 0.875 0.75 overnight nioflei 0.05 095 am: am 7 days 0 55 0.45 1 month I163 0.53 2 months 0.80 0,60 3 months 1 00 0.30 6 months 1 30
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      • 65 9 Oct 6 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 5-Year N*****0Z 1.250 01-Oct-21 99.4 99.43 99.40 10-Year NX*****F 2.125 01-Jun-26 102.31 102.45 102.35 15-Year NZ*****F 2.875 01-Sep-30 108.69 108.79 108.79 20-Year NZ*****X 2.250 01-Aug-36 100.02 100.20 100.20
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    • AGRI METALS ENERGY
      • 253 9 Oct-5 Price Net change change Last Trade Agricultural Oct-5 CBOT Soybeans (US cents/bu) 956.75 -6.75 -0.70% 14/11/2016 CBOT Soybean Oil (US cents/lb) 32.66 -0.23 -0.70% 14/10/2016 CBOT Wheat (US cents/bu) 405.00 9.50 2.40% 14/12/2016 Oct-5 LIFFE Cocoa (£/tonne) 2311.00 16.00 0.70% 13/12/2016 LIFFE Coffee (US$/tonne) 1994.00 36.00 1.84%
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    • 1882 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 149 127 AIMSAMP Cap Reit 141.5 -0.5 109 142.5 141 0.9 8 901.8 Div 144 101 ARA Asset Mgmt 136 +1 77 136
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    • 293 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 0.6 0.1 t Advanced Systems 0.4 +0.2 0 0.4 0.2 10.5 46.5 29.5 t Advancer Global 42 +1.5 1523 42.5 41 16.7 72.7 LOW 16.2
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    • 145 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 905 736 CIMBASEAN40 US$ US875 +10 17 875 875 137.2 3268 2355 DBXT China50 US$ US3215 +31 4 3215 3207 8.8 391 190 DBXT MSBrazil US$ US382 +9
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  • Page 5 Advertisements
    • 53 5 Basoeki Abdullah AUCTION nis 2016 Autumn Auction Singaporean Art Southeast Asian Modern o p Contemporary Tel: 6747 4555 15 Oct Saturday 7 30 pm Grand Hyatt Singapore I 12-14 oc. 10 am 8 pm MoCA, 27A Loewen Road Allan di V W. visit us www.33auction.com ■N t > m I
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    • 84 5 Spl MEDIA CENTRE; GENTING LANE B1 INDUSTRIAL SPACE FOR RENT Fully fitted air-cond industrial office with carpet Area from 700 sq ft to 7,653 sq ft Interested, please call Shawn at 9694 5349 4 spi Print Centre :v e? INDUSTRIAL/WAREHOUSE SPACE FOR RENT 2 Jurong Port Road, SPH Print Centre
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  • Page 7 Advertisements
    • 24 7 Everyonedeserves a great Weekend. The all-new Business Times Weekend. Saturday 8 October. For advertising opportunities, call 1800 822 6382 or email us at mkgsales@sph.com.sg
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  • Page 10 Advertisements
    • 71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • BANKING & FINANCE
    • 613 11 Sources said they will be moving to Stanchart, which had earlier hired global private banking head from Barclays BLOOMBERG Singapore STANDARD Chartered plc has stepped up its hiring from Barclays plc’s private banking team in Hong Kong ahead
      BLOOMBERG; FILE PHOTO  -  613 words
    • 256 11 BLOOMBERG London CHANCELLOR of the Exchequer Philip Hammond will tell Wall Street executives on Thursday that he’s determined to safeguard the City of London as concerns mount that leaving the European Union could prompt banks to move jobs and operations
      BLOOMBERG  -  256 words
  • Page 11 Advertisements
    • 875 11 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices RICKMERS MARITIME (Registration Number: *****03) (a business trust constituted under the laws of the Republic of Singapore) Managed by Rickmers Trust Management Pte. Ltd. (Company Registration Number: *****6499G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General
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    • 9 11 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices
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  • ENERGY & COMMODITIES
    • 719 12 Petroleum well placed to maintain its position as BHP’s highest margin business, grow free cash flow contribution BLOOMBERG Sydney BHP Billiton Ltd sees oil and gas markets rebounding faster than its mined commodities as it considers potential acquisitions and weighs as
      BLOOMBERG  -  719 words
    • 665 12 REUTERS Singapore TALK of coal’s demise is proving premature, with prices soaring from 10-year lows this year and further rises on the cards into 2017 as the “dirty” fuel continues to be very much in demand for power generation. A global
      REUTERS; PHOTO: REUTERS  -  665 words
  • Page 12 Advertisements
    • 785 12 THE COMPANIES ACT (CAP. 50) IN MEMBERS’VOLUNTARY LIQUIDATION: Right Alliance Pte. Ltd. (UEN *****0540H); NOTICE IS HEREBY GIVEN that pursuant to Section 308(2) of the Companies Act, Cap. 50, the Final Meeting of the abovenamed company will be held at 195 Pearl’s Hill Terrace #03-14 Singapore *****6 on 7 November
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    • 721 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INDONESIA ENERGY OPPORTUNITIES PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****9785G NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of INDONESIA ENERGY OPPORTUNITIES PTE. LTD. have been duly convened and held
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    • 1102 12 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 Ot
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    • 612 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INDOSUEZ W.I. CARR PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2883M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of INDOSUEZ W.I. CARR PRIVATE LIMITED deemed to have been duly convened
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    • 424 12 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MTCS SERVICES (ASIA PACIFIC) PTE. LTD. (UEN *****5741N) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS FOR MEMBERS’ VOLUNTARY WINDING UP At an Extraordinary General Meeting of the abovenamed Company held at 5 South Crescent, Windermere LA23
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  • TECHNOLOGY
    • 798 13 Allegations, if proven true, could reveal new level of spying by the NSA, say activists AFP Washington YAHOO on Wednesday rejected allegations of mass email surveillance amid an outcry from privacy activists over a report that it created a special scanning program at
      AFP  -  798 words
    • 345 13 BLOOMBERG Tokyo LENOVO Group Ltd is in talks with Fujitsu Ltd to merge their per-sonal-computer businesses, with the Chinese manufacturer taking a majority stake in the venture, a person with knowledge of the matter said. The two sides
      BLOOMBERG  -  345 words
    • 416 13 REUTERS New York TWITTER Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct 27, according to people familiar with the matter. The timeline is hugely ambitious in the context of
      REUTERS  -  416 words
  • Page 13 Advertisements
    • 1354 13 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices LUXKING GROUP HOLDINGS LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Luxking Group Holdings Limited (the “Company”) will be held at Hotel Re! Pearl’s Hill, Re! Union, 175A Chin Swee
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    • 308 13 Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act. APPLEBY GLOBAL LTD. (In Voluntary Liquidation) Company No. *****46 NOTICE is hereby given pursuant to Section 204, subsection (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary
      308 words
    • 211 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VISION ENGINEERING TECHNOLOGIES (SINGAPORE) PTE LTD COMPANY REG. NO. *****0042N (IN PROVISIONAL LIQUIDATION) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that a meeting of the creditors of the abovenamed Company will be held on
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  • CONSUMER
    • 888 14 US retailer to double its giant warehouses dedicated to online sales to 10 by end-2016 REUTERS Chicago WAL-MART Stores Inc is accelerating its investment in e-commerce in a bid to narrow the gap with Amazon.com Inc and to give it an even more dominant position
      REUTERS; PHOTO: BLOOMBERG  -  888 words
    • 713 14 BLOOMBERG Tokyo SOME Japanese retailers are finding a way to make money even as consumers in the country spend less of it. Clothing chain Shimamura Co beat its forecasts this week, with first-half net income rising 46 per cent from
      BLOOMBERG  -  713 words
    • 373 14 REUTERS Los Angeles YUM Brands Inc on Wednesday posted an unexpected decline in quarterly sales at established China restaurants, citing protests sparked by an international court’s rejection of the country’s claim to historic rights in the South China Sea. Shares in
      REUTERS  -  373 words
  • Page 14 Advertisements

  • Page 15 Advertisements
    • 2099 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices (Company Registration No. *****0181W) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Union Steel Holdings Limited (“the Company”) will be held at 33 Pioneer Road North Singapore *****4
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    • 2502 15 Company Registration Number: *****0660W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 40th Annual General Meeting (“AGM”) of GuocoLand Limited (the “Company”) will be held at Orchard Ballroom 3, Level 3, Orchard Hotel Singapore, 442 Orchard Road, Singapore *****9 on Monday,
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  • REAL ESTATE
  • Page 16 Advertisements
    • 164 16 LOCATION! LOCATION! LOCATION m m hum "’ll i jiM* H l sssi i iiii iiiii IH 11 L ji ml mi iniiiiini C/ftousi&a/fai SfiegrA/d ILLUMINANCE CLARITY WISDOM at 737 Mountbatten Road A cluster of 4 individual bungalows built in the old colonial black and white style, but with very modern
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  • Page 17 Advertisements
    • 823 17 UK property market insight: Where to invest post Brexit? Before the UK made its decision to exit the EU, market forecasts were full of doom and gloom. Those economic forecasters in favour of the UK remaining in the Union predicted that a decision to split from it would lead to
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    • 118 17 D01 OFFICE FOR RENT 90 EU TONG SEN STREET Former CID Building, S.*****1. Superb location, facing main rd Next to Outram Chinatown MRT Station. Up to 51,000 sf. Avail immed. YKI *****666 (24 hrs) www.yin-khing.com D14 RESTAURANT FOR RENT UBI AVENUE 1 Canteen offices +storage, Ubi Avenue 1, Paya Ubi
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  • TRANSPORT
    • 735 18 Carmaker has a wave of new, high-margin sport utility vehicles coming to market in the next few years BLOOMBERG Southfield GENERAL Motors Co (GM) generates US$ 1 billion in pre-tax profit a month. Yet, the stock market seems unimpressed, assigning the company a market
      BLOOMBERG; PHOTO: AFP  -  735 words
    • 455 18 AFP Frankfurt GERMAN new car sales increased sharply in September for the second month in a row, official data showed on Wednesday, driven by consumers taking advantage of sales and cheap financing. The KBA transport authority recorded 298,002 new cars on
      AFP; PHOTO: REUTERS  -  455 words
    • 320 18 REUTERS Mountain view, California GOOGLE’S self-driving vehicles are mastering complex situations on public roads, from cars going the wrong way to bicycles darting in front of traffic, as the technology company strives to win the high-profile race to achieve full vehicle
      REUTERS  -  320 words
  • Page 18 Advertisements
    • 25 18 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
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    • 30 18 BOLLYWOOD’S NEW KAPOOR Anil Kapoor’s son Harshvardhan set to dazzle screens Raising awareness of mental illness through dance GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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    • 328 18 @zaobao S9 m m *Chinese Language Content !SHtM Learn to DIY your own leather cardholder with zaobao.sg 1 S In this short course, Dr Tee will teach the powerful methods step by step, how to select strong global blue chip stocks, then wait patiently for different levels of crisis to
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    • 32 18 J f ■> m -3?' .V’ m V sv.-.v; r 6! *WCelebrate Good Times, Come On! SALE X-Value™ of your home A $961,000 ($866 psf) Up by $8,000 (0.84%) over last quarter SRX.com.sg/property-tracker
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  • GOVERNMENT & ECONOMY
    • 703 19  -  But the subdued and uneven global recovery and sluggish global trade could undermine its growth prospects By Anthony Rowley btworld@sph.com.sg Washington ASIA continues to lead global growth and is projected to expand by about 5.4 per cent this year and
      PHOTO: AFP  -  703 words
    • 583 19  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur INVESTORS who are hoping that Budget 2017 will rally the stock market are likely to be disappointed as Putrajaya faces too many fiscal constraints and will have to be circumspect in its spending, analysts say. Expectations are
      583 words
    • 416 19 REUTERS London STERLING fell on Thursday, undermined by concerns of a “hard” exit by Britain from the European Union and Prime Minister Theresa May’s comments on the impact of loose monetary policy which some saw as a thinly-veiled attack on the central bank.
      REUTERS; PHOTO: BLOOMBERG  -  416 words
    • 383 19 AFP Frankfurt THE European Central Bank is ready to extend its “quantitative easing” programme if necessary, minutes from a September governing council meeting showed on Thursday, countering speculation it would soon cut down on bond-buying. Governing council members shared the view that
      AFP  -  383 words
  • Page 19 Advertisements
    • 186 19 NOTICES NOTICE OF RESULTS OF THE MEETING AUSGROUP LIMITED (UEN/Company Registration No.: *****3014R) NOTICE TO HOLDERS (THE “NOTEHOLDERS”) OF THE OUTSTANDING SERIES 001 S$110,000,000 7.45 PER CENT. NOTES DUE 2016 (ISIN: SG6TF*****08) (THE “NOTES”) issued under the S$350,000,000 Multicurrency Debt Issuance Programme of AusGroup Limited (the “Issuer”) in respect of
      186 words

  • OPINION
    • 542 20 EDITORIAL The Diversity Action Committee’s (DAC) recommendation to make diversity policy disclosures and target setting part of the Code of Corporate Governance could not have come soon enough. The recommendation strikes at the heart of Singapore’s lacklustre progress on boardroom gender equality,
      542 words
    • 746 20  -  THE BOTTOM LINE By Denis MacShane T The writer is a former UK minister of Europe, a senior adviser at Avisa Partners in Brussels and a member of the Official Monetary and Financial Institutions Forum advisory board. His book, Brexit: How Britain
      746 words
    • 1389 20  -  There are five trends in the region’s reactions to the anti-trade and anti-alliance postures adopted by US presidential candidates. BY SATU LIMA YE AND ROBERT SUTTER candidates.BY SATU LIMAYE ROBERT SUTTER T Satu Limaye is director of the East-West Center and senior
      PHOTO: AFP  -  1,389 words
    • 1038 21  -  COMMENTARY By Andrew Hammond T The writer is an associate at the Centre for international Affairs, Diplomacy and Strategy at the London School of Economics London DONALD Trump and Hillary Clinton meet on Sunday for the second presidential debate. While polls indicate
      1,038 words
    • 1332 21  -  LETTER TO THE EDITOR David Gerald President CEO SIAS WE refer to the article “SIAS should be more careful before picking sides” by Kenneth Lim (BT, Oct 4). In respect of takeovers, the role of SIAS is to support the
      1,332 words
    • 1027 21  - ‘Hot’ Trump vs ‘cool’ Hillary it’s all about the medium The Donald excels in “hot” media formats like his rally addresses, but loses it in the “cool” medium of TV debates where he looks and sounds angry and unsteady By Leon Hadar Washington THE late communications scholar Marshall McLuhan was
      PHOTO: AFP  -  1,027 words
  • Page 20 Miscellaneous
    • 134 20 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


  • Page 22 Advertisements
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    • 244 22 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 294 PRW104 08/10/2016 09/10/2016 Perawang/Perawang DAILY Marco Polo 152 BST031 08/10/2016 09/10/2016 Buatan/Buatan DAILY Marco Polo
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  • MOTORING
    • 184 23  -  By Samuel Ee samuelee@sph.com.sg THIRTEEN years after it reversed out of Singapore, the Seat brand drives back in with Vertex Euro Motors. Seat is a Spanish marque owned by the Volkswagen Group and its cars share the same German technology as VW models. Seat first appeared
      184 words
    • 640 23  -  The Volkswagen Caddy is a seven-seater based on a commercial vehicle model. BT Lifestyle tests two entry-level multi-purpose vehicles with rear sliding doors BY SAMUEL EE samueleesph.com.sg WANT a Volkswagen seven-seater but don’t want the Touran’s S$140K price tag? There is an alternative and it’s called the
      640 words
    • 529 23  -  The seven-seat Toyota Sienta is now available from authorised distributor Borneo Motors. BY SAMUEL EE samuelee@sph.com.sg MORE than a year after the new Toyota Sienta first arrived in Singapore as a parallel import, the cool seven-seater is now available officially from authorised distributor Borneo Motors Singapore (BMS).
      529 words

  • DINING OUT/WINE
    • 870 24  -  The new restaurant at Shaw Centre is a welcome addition to the limited Chinese dining options on that side of Orchard Road. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Lucky 8 #03-07/11 Shaw Centre 1 Scotts Road Tel: 6836-3070
      870 words
    • 1242 24  -  By Eric Asimov NYTIMES New York STANISLAO Radikon died of cancer a few weeks ago, on Sept 11. He was just 62, and although most casual wine consumers may never have heard of him, his wines epitomised a level of beauty and truth sought
      NYTIMES; PHOTO: NYTIMES  -  1,242 words
  • Page 24 Miscellaneous
    • 303 24 CRYPTIC CROSSWORD Across 1 Artillery officer’s foolish raid in Wellington, perhaps (10) 6 Napoleon’s campaign must reveal this dirty trick (4) 9 Took another form, subdued about a source of tension, (7) 10 Terrace of museum visited by the Queen (7) 12 Recreated Versace vision, seeing these on pins (8,5)
      303 words

  • FOOD/DESIGN
    • 1625 25  -  As the F&B industry gets more competitive, new players are coming up with fresh concepts to stand out from the pack. BY RACHEL LOI rachloi@sph.com.sg @RachelLoiBT Phat Cat Laundry 4 Jiak Chuan Road Open Mon to Sat, 5pm till late Ph: 6221 8262 www.phatcatlaundry.com IT looks
      1,625 words
    • 570 25  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THE watch that turns boys into men is in the spotlight at the Rolex Daytona exhibition put together by the brand and luxury timepiece retailer The Hour Glass. It pays tribute to the Oyster Perpetual Cosmograph Daytona, which
      570 words

  • ENTERTAINMENT/REVIEWS
    • 639 26  -  The Girl on the Train is a psychological thriller that is a lot less substantial than it appears to be. BY GEOFFREY EU BY GEOFFREY EU FEW things resonate more with a female audience than a story about a woman on the
      639 words
    • 541 26  -  By Geoffrey Eu TSUKIJI Wonderland a feature-length documentary about the eponymous fish market in Tokyo takes a unique look at a vital aspect of Japanese food culture. It will be food porn to some, a near-religious experience to others and to many
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    • 657 26  -  By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT WHILE Apple’s latest iPhone has lifted some features from existing smartphones in the market, its newest Apple Watch clearly stands out as being in a league of its own. Now in its second generation, but running the third
      657 words
    • 506 26  -  By Avanti Nim avantin@sph.com.sg PG WODEHOUSE is one of the most popular humorists in the English language, having written about 100 books with millions of copies sold worldwide. So it takes someone with a lot of confidence to adapt his work into a play. But with
      506 words

  • ARTS
    • Battle of the blockbusters
      • 582 27  -  As the festive season nears, Singapore’s top theatre companies are betting on big crowd-pullers to round up the year. Which of these to catch? We say, all three. BY HELMI YUSOF AND AVANTI NIM BY HELMI YUSDF AVANTI NIM helmi@sph.com.sg @HelmiBT HAPPY EVER LAUGHTER Oct
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      • 433 27 avantin@sph.com.sg RENT OCt 7 to 23 Drama Centre Theatre RENT is regarded as one of the best musicals ever produced on Broadway, with its young, attractive cast of characters and terrific songs. But the show also happens to deal with very tough issues affecting young
        433 words
      • 481 27 MONKEY GOES WEST NOV 18 to Dec 17 Drama Centre Theatre ONE of the hottest shows of 2014 was Monkey Goes West. Supposed to be just another annual pantomime by theatre company W!ld Rice. But it somehow transcended all benchmarks to become a tour
        481 words
      • 543 27 By Helmi Yusof helmi@sph.com.sg @HelmiBT MATTER and materiality are at the heart of the National Museum of Singapore’s new contemporary art exhibition. Though the museum isn’t typically associated with contemporary art that’s the job of its cousins, the Singapore Art Museum and the National Gallery Singapore it has
        LANGUEDOC-ROUSSILLON  -  543 words

  • BT Lifestyle
    • KEEPING THE PAST ALIVE
      • 387 28  -  The spotlight is on old buildings made new with the annual Urban Redevelopment Authority Architectural Heritage Awards which has been honouring conservation efforts. Now in its 22nd year, it adds four projects to the honour roll, making a total of 128 award winners. Here’s a
        PHOTOS: URBAN REDEVELOPMENT AUTHORITY  -  387 words
      • 436 28 Church of Saints Peter and Paul 225A Queen Street THE Church of Saints Peter and Paul is the little church that won big this year. Not only did it pick up an Architectural Heritage Award (AHA), it can also add a win from the Singapore
        436 words
      • 494 28 Goh Loo Club 72 Club Street YOU may have heard of popular joints such as Nutmeg and Clove and Bird Bird in the Ann Siang Hill/Club Street area, but what about Goh Loo Club? Probably not. Located on the quieter stretch of Club Street, the
        494 words
      • 414 28 taysc@sph.com.sg @TaySuanChiangBT Capitol Singapore 13,15,17 Stamford Road WHEN it came to restoring some of Singapore’s most familiar icons Capitol Theatre, Capitol Building and Stamford House the team at Architects 61 had to make sure they lived up to expectations. “We were mindful of the rich heritage
        414 words
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