The Business Times, 20 October 2016

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Microfilm: NL34119
Total Pages: 24
1 24 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E GThursday, October 20, 2016
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  • Article
    Lock icon MARKETS
    28 1 Wednesday Change STI 2,844.62 +13.99 KL COMP 1,668.27 +0.70 NIKKEI 225 16,998.91 +35.30 HANG SENG 23,304.97 -89.42 SHENZHEN B 1,168.05 -2.87 DOW (11.19 am EDT) 18,226.08 +64.14
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  • Article, Illustration
    Lock icon DAILY DIGEST
    212 1 Malaysia needs more innovative recommendations in Budget 2017 if it is to deal with the challenges of globalisation and competitiveness, analysts say. TOP STORIES 2 Certificate of entitlement premiums emerge mixed in the final bidding exercise before the start of a smaller COE quota next month. TOP STORIES
    212 words
  • Article, Illustration
    Lock icon All HDB industrial space to be under JTC by Q1 2018
    983 1  -  A single agency will ease processes and help SMEs, it says; the terms spelled out by the HDB will continue to apply till the end of existing leases By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore STATE industrial landlord JTC is
    Source: JTC  -  983 words
  • Article, Illustration
    Lock icon China economy stabilises in Q3, but systemic risks remain: analysts
    761 1  -  By virginie Mangin btworld@sph.com.sg Beijing CHINA’S economy stabilised in the third quarter as the country’s gross domestic product (GDP) expanded 6.7 per cent, but analysts have warned that systemic risks remain, including a red-hot property market and slow progress in
    REUTERS FILE PHOTO  -  761 words
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      195 1 *****1 *****1 THE BUSINESS TIMES r.iiv THE LEGEND AMONG ICONS. Portugieser Perpetual Calendar. Ref. 5034: The moon has always exercised an nexplicable power of attraction over human beings. In the case of the Portugieser Perpetual Calendar, this is more than understandable. Its fascination lies in the moon phase display, which
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      20 1 OFFICE SPACE Mitsui OSK Lines signs lease at new UIC Bldg, Prudential may head to Marina One REAL ESTATE 12
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      24 1 HOCK LOCK SIEW Conflicting signals spark residential property debate COMPANIES MARKETS 6 CLEANER ECONOMIES Asia, seize the chance for a low-carbon future opinion 22
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      10 1 JTC primed to be even bigger industrial player, Page 2
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  • TOP STORIES
    • Article
      Lock icon JTC primed to be even bigger industrial player
      691 2  -  COMMENTARY By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore NO significant market impact or policy changes are expected from the announced transfer of industrial units and industrial land leases from the Housing Development Board (HDB) to JTC Corporation, especially since there will be no
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    • Article, Illustration
      Lock icon Extraordinary measures needed in Malaysia’s 2017 Budget: analysts
      914 2  -  KL BUDGET By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA needs to proffer more out-of-the-box recommendations in its Budget 2017 if it is to deal with the challenges of globalisation and competitiveness, analysts said, ahead of Friday’s tabling of the nation’s plans for
      PHOTO: AFP  -  914 words
    • Article, Illustration
      Lock icon Buses will be next stop for Singapore’s self-driving trials
      748 3  -  These buses are expected to ferry passengers within a university in early 2017 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE is planning to roll out self-driving buses on its roads in a few months’ time, even as the world’s first-ever self-driving
      PHOTO: KEVIN LIM/ST  -  748 words
    • Article, Illustration
      Lock icon Big car COE premium spikes in latest bidding
      459 3  -  Coming cut to the Cat B quota and there being 3 weeks to the next bid cited as reasons By Samuel Ee samuelee@sph.com.sg Singapore CERTIFICATE of entitlement (COE) premiums were mixed in the final bidding exercise before the start of a smaller
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    • Article, Illustration
      Lock icon Evonik pumps over 500m euros into S’pore chemicals industry
      647 4  -  German group’s second methionine plant on Jurong Island will be its single biggest investment overseas By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore GERMAN specialty chemicals company Evonik Industries is investing over 500 million euros (S$763 million) to build a second methionine plant
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    • Article
      Lock icon Sovereign bond price setback shows dangers of inflated safe-haven assets
      713 4  -  By Neil Behrmann btworld@sph.com.sg London THE sharp price decline in the massive, multi-trillion dollar bond market in the past few weeks illustrates the dangers of purchasing so-called safe-haven assets at inflated prices. The recent slide also shows that the US
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    • Article
      Lock icon S’pore could draw Chinese infrastructure deals
      589 4  -  UOB says the Republic could become an attractive base for projects in Asean By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE could become an attractive base for Chinese companies looking to invest in large infrastructure projects in Asean, with Singapore’s environment offering stability for operations
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    • Article, Illustration
      Lock icon Few answer call by Trump to watch polls
      1262 4 NYTIMES REUTERS Washington WARNING darkly of a stolen election, Donald Trump has called on supporters to turn out in droves on Election Day to monitor polling places, telling them they need to be vigilant against widespread voter fraud and a rigged outcome.
      NYTIMES; REUTERS; PHOTO: REUTERS  -  1,262 words
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      383 2 ||J Food Japan 2016 The 5 lh ASEAN Exhibition of Oishii Japanese Food Beverage 27 29 October Suntec Singapore Hall 401 402 www.oishii-world.com/en y Go healthy, innovative and productive The Japanese Way Over 300 exhibitors from 40 prefectures More than 1000 Japanese F&B products 50% new-to-market brands and products Savoury
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      26 2 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      20 3 Hire pest control specialists or publicise your services in CLASS 116 To advertise, call the Print Classified Hotline: 1800-289 9988
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      107 3 SHAPED FOR YOUR BUSINESS TO FLOURISH 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
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Jasper volume surge prompts SGX query
      171 5  -  TTHOT STOCK By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore JASPER Investments was the most actively traded stock on Wednesday, but said it was not aware of any reason behind the heavy trading. Shares of Jasper Investments rose by as much as 17.6 per cent to
      Source: Bloomberg  -  171 words
    • Article, Illustration
      Lock icon SGX’s Q1 earnings fall 16.3% amid uncertain outlook
      707 5  -  Exchange, which is sticking to its strategy of diversifying into new businesses, hopes to complete its acquisition of Baltic Exchange by end-November By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore Exchange can see macroeconomic storms ahead, but not how investors will react
      SPH FILE PHOTO  -  707 words
    • Article
      Lock icon S$55.8m disposal gain boosts Keppel T&T’s Q3 bottom line
      601 6  -  Net profit more than quadruples to S$69.88m; subsidiary Keppel Logistics buying 59.6% stake in Courex By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore KEPPEL Telecommunications Transportation (Keppel T&T) more than quadrupled its third-quarter net profit to S$69.88 million from S$15.31 million a
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    • Article
      Lock icon Conflicting signals spark property debate
      1184 6  -  HOCK LOCK SIEW BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT HOW strong is demand in the Singapore residential property market? The picture is different depending on what one looks at. And this has not just sparked a debate in property circles but could pose a dilemma in
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    • Article
      Lock icon Japan mulls registration for high-frequency traders
      362 6 BLOOMBERG Tokyo JAPAN’S Financial Services Agency is considering a registration system for firms that engage in high-frequency trading. The regulator’s Financial System Council met in Tokyo on Wednesday to discuss key issues for regulating HFT, which makes up about 70 per cent of orders
      BLOOMBERG  -  362 words
    • Article
      Lock icon First Reit’s Q3 DPU up on contribution from Kupang Property
      467 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CONTRIBUTION from the Kupang Property comprising Siloam Hospitals Kupang and Lippo Plaza Kupang acquired in December 2015 helped lift healthcare real estate investment trust First Reit’s third quarter earnings. The Reit, which owns 17
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    • Article
      Lock icon Hedge fund startups plummet in Asia amid low returns, high fees
      542 6 BLOOMBERG Hong Kong ASIA hedge funds are opening at the slowest pace since the turn of the century. Just 27 new funds started trading in Asia in the first nine months of this year, the fewest since 2000 when
      BLOOMBERG  -  542 words
    • Article, Illustration
      Lock icon CCT to redevelop Golden Shoe Car Park
      636 7  -  Trust posts 7.5 per cent growth in DPU for Q3 on acquisition of CapitaGreen office building By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CAPITALAND Commercial Trust (CCT) has submitted plans to redevelop Golden Shoe Car Park (GSCP) into a commercial development that will include
      SPH FILE PHOTO  -  636 words
    • Article
      Lock icon Singapore Reits are best performers this year due to attractive yields
      771 7 BLOOMBERG Singapore SINGAPORE real estate investment trusts have gone from last year’s biggest losers to this year’s best performers as their world-beating yields attract investors including BNP Paribas Investment Partners and Samsung Asset Management. Singapore Reits, which mostly invest
      BLOOMBERG  -  771 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist Straits Times Index Oct 19, 2016 2,844.62 +13.99 (+0.49%) Current streak 4 days Day high 2,844.62 Day low 2,824.80 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Oct 19,2016 457.28 -2.56 (-0.56%) Current streak 1 day Day high 464.04 Day
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low JMH USD 6168 74.9 0.9 6371/4500 DBXT Vietnam US$ 2457 48.5 1.4 2533/2017 DBXT iBoxxSing SG$ ***** 44.0 0.3 *****/***** DBXT S&P500 US$ 3715 31.9 0.6 3790/3126 Lyxor US DJIA US$ 1830 30.5 1.2 1852/1573 BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.3
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low B&M Trustees 260 -360.0 -58.1 630/260 Hyflux 6% CPS 9340 -95.0 -1.0 *****/9200 Jardine C&C 4222 -57.0 -1.3 4520/3082 DBS Bk 4.7% NCPS ***** -51.0 -0.5 *****/***** Great Eastern 2052 -26.0 -1.3 2332/1940 BY PERCENTAGE CLOSE DOWN 52w high/low China Env Res 0.3
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 8 VOL CLOSE($) CHANGE B&M Trustees 0.2 2.600 -3.600 -58.07 Blumont 55,144.1 0.003 +0.001 +50.00 IPS Securex 2,015.8 0.185 +0.035 +23.33 OLS 33,316.3 0.007 +0.001 +16.67 Eucon 12,598.5 0.042 -0.007 -14.29 IFS Capital 1,552.0 0.240 +0.025 +11.63 Lafe 9.9 0.535 +0.090 +20.23 Atlantic Nav 24.2 0.200 -0.025 -11.11 Star
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    • Article, Illustration
      Lock icon STI gets late push in mixed session
      591 8  -  Index closes 14 points higher after drifting within a narrow band as before TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE final US presidential debate takes place at 9am Singapore time on Thursday, which could explain Wednesday’s quiet and relatively listless trading session. In
      Source: Bloomberg  -  591 words
    • Article
      Lock icon STI STOCKS
      303 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 -1 244/242 257 209 6.3 6753.5 CapitaCom Trust 157.5 +2 157.5/155.5 164 127 5.5 4666 CapitaLand 315 +2 317/313 340 280 12.6 2.9 *****.9 CapitaMall Trust 213 +3 213/209 225 185
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Jasper Inv 243,150,600 Noble 179,904,400 Ezra 70,489,600 Blumont 55,144,100 Geo Energy Res 45,103,800 Market volume 1,934,279,000 VALUE Singtel 60,051,073 UOB 38,959,606 JMH USD 32,561,329 DBS Grp 32,492,300 Noble 32,383,535 Market value 907,074,000
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Oct 19 VALUE CLOSE BT OB/OS -246.00 -81.00 BT CADI -*****.00 -17.00 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 694.67 +1.78 FTSE ST Small Cap 387.04 +1.10 FTSE ST All Share 701.90 +2.91 FTSE ST China Top 159.13 +1.56 FTSE ST China 195.97 +1.09 FTSE
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    • Article
      Lock icon SGX ETFs
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSRussia US$ US212 400 -/-219/129 214/215 DBXT MS SING US$ US112 +1.3 149 112/112 116.2/97.5 112/112.4 5.6 STI ETF 289 +1 75 289/288 314/254 288/289 ABF SG Bond ETF 119 -0.3 40 119/118.8 120.1/112.1 118.5/118.8
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share FTSE ST All-Share index Oct 19, 2016 701.90 +2.91 (+0.42%) Current streak 4 days Day high 701.90 Day low 698.33 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Oct 18,2016 1,673.80 +16.82 (+1.02%) Current streak 1 day Day high 1,677.91 Day low 1,659.17 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 4 4 0 0 0 5 4 4 Manufacturing 29 31 25 7 11 10 36 42 35 Commerce 20 18 9 1 5 4 21 23 13 Tpt/Stor/Comms 13 10 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,316 11,316 35,176 35,176 Manufacturing 101,738 95,622 197,360 87,474 2,411 89,885 Commerce 238,723 69,573 308,296 133,195 801 133,996 Tpt/Stor/Comms 161,577 1,957 163,534 164,201 179 164,380 Finance 30,309 280 30,589 131,043 41 131,084 Construction 51,049 8,900
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore banks | Underweight
        125 8 Singapore banks Underweight CIMB Research, Oct 18 The banks will report earnings on Oct 27 (OCBC), Oct 28 (UOB) and Oct 31 (DBS). We expect earnings to decline 2-5 per cent quarter on quarter from weaker net interest income (NII) and higher provisions, though non-NII could improve after a risk-off
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      • Article
        Lock icon Keppel Reit | Buy
        116 8 Keppel Reit Buy Target price: S$1.21 Oct 19 close: S$1.10 Maybank Kim Eng Research, Oct 19 We expect Keppel Reit to trade at record low yields. This is sustained by the global hunt for yield assets amid the persistently low interest rate environment and relatively stable capital values of office
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      • Article
        Lock icon M1 | Sell
        141 8  - M1 Sell Compiled by Cai Haoxiang Target price: S$1.76 Oct 19 close: S$2.21 UOB Kay Hian Research, Oct 19 The steep fall in post-paid ARPU (average revenue per user) and post-paid revenue is likely to give investors a negative surprise. We also did not see any visible rationalisation of expenses.
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    • Article
      Lock icon CALENDAR
      9 8 DATA I Oct 20 US Initial Jobless Claims
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    • Article
      Lock icon US$ softer, investors ponder Dec rate hike view
      389 9 CURRENCIES REUTERS London THE dollar index was subdued on Wednesday as Treasury yields ticked lower after US consumer prices suggested underlying inflation was moderating, prompting investors to trim bets on an interest rate hike later this year. The index was down 0.2
      REUTERS  -  389 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Oct 19 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 5.164 0.697 5.945 51.145 99.745 0.793 8.616 3.215 1.064 80.159 36.913 1.063 10.636 0.759 24.169 26.755 0.624 0.766 Canada 0.995 5.139
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Oct 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0625 1.0629 0.7662 0.7664 Canadian dollar 1.0572 1.0577 0.7626 0.7624 Euro 1.5237 1.5242 1.0988 1.0990 NZ dollar 0.9990 0.9994 0.7204 0.7206 Sterling pound 1.7030 1.7034 1.2281 1.2282
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Oct 19 S$ Bid Offer 1-month 1.3862 1.3866 2-months 1.3860 1.3863 3-months 1.3855 1.3860 6-months 1.3846 1.3851 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        384 9 Oct 19 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9800.00 9812.50 9732.50 9745.00 *****3 *****2 Nov16 9810.00 9827.50 9757.50 9772.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar17 *****.00 *****.00 *****.00 *****.00 412 2992 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 9 Most active Oct 19 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.1 -0.1 ***** 1 1 57 7.00 10 OCBC BK MB ECW*****6 5.5 0.1 3317 0.1 900 5 DBS MB eCW*****1 8.4 -0.1 3010
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Oct 18 Index Change Change Change Change Change Change World Preliminary 1302.0 0.8 1.9 0.5 0.0 0.8 2.4 EAFE Preliminary 982.0 0.8 -3.1 0.7 -4.7 1.0 -2.5 Europe Preliminary 1410.6 1.1 -0.1
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Oct 19 $S Offer Bid 0vernight 0.04 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Oct 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.76 105.80 105.77 5-Year N*****0Z 1.250 01-Oct-21 99.56 99.67 99.60 10-Year NX*****F 2.125 01-Jun-26 102.27 102.35 102.30 15-Year NZ*****F 2.875 01-Sep-30 108.4 108.65 108.35 20-Year NZ*****X 2.250 01-Aug-36 99.61
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Oct-18 Price Net change change Last Trade Agricultural Oct-18 CBOT Soybeans (US cents/bu) 972.50 -5.75 -0.59% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.07 -0.37 -1.04% 14/12/2016 CBOT Wheat (US cents/bu) 420.00 -3.75 -0.88% 14/12/2016 Oct-18 LIFFE Cocoa (£/tonne) 2224.00 -22.00 -0.98% 13/12/2016 LIFFE Coffee (US$/tonne) 2125.00 39.00 1.87%
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    • Article
      Lock icon SGX MAINBOARD
      1838 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 127 AIMSAMP Cap Reit 138.5 +0.5 325 139 138 0.9 8.2 882.6 Low 144 101 ARA Asset Mgmt 133 +0.5 627 135.5
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    • Article
      Lock icon SGX CATALIST
      263 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 0.6 0.1 t Advanced Systems 0.3 -0.1 1208 0.4 0.3 7.9 46.5 29.5 t Advancer Global 39 -0.5 108 39.5 39 15.5 67.5 LOW 16.2
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    • Article
      Lock icon SGX ETF
      120 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol ('000) 116.2 97.5 DBXT MS SING US$ US112 +1.3 149 112 112 5.6 413 190 DBXT MSBrazil US$ US413 +7 29 413 413 1388 995 DBXT MSCHINA
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      Lock icon Page 5 Advertisements Column 1
      136 5 BuildTech Asia 2016 International Building Technology Expo A part of SINGAPORE CONSTRUCTION PRODUCTIVITY WEEK 2016 18-20 October 2016 I Singapore EXPO Hall 3 and MAX Atria 10am-6pm (18-19 Oct) 110am-5pm (20 Oct) CONSTRUCTION h m m -n flSSSE ESI® ami sim |l &s, in§* or tio LAST DAY! “LIKE US”
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      Lock icon Page 5 Advertisements Column 2
      905 5 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE THIRD QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2016 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the third quarter and nine months
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      28 6 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      80 7 Everyone deserves a great Weekend In celebration of The Business Times’ 40th Anniversary, readers can enjoy discounts on Grab rides and dining deals at selected exquisite restaurants this October! Purchase a copy of The Business Times Weekend on 22 October 2016 to find out more! Grab LA BRASSERIE V the
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  • Page 10 Advertisements
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      71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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      352 11 Unwind in style with the all-new 2-in-i Business Times Weekend From Saturday 8 October, the weekend edition will feature a luxury lifestyle magazine called Weekend that will be your slick, up-to-the-minute guide to the best in fashion, travel, food, design and more. Get your news fix too with the refreshed
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Prudential eyeing move to Marina One
      995 12  -  Mitsui OSK Lines also said to have signed lease for 68,000 sq ft at new UIC Building By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore NEW office projects continue to fuel leasing activity. Word in the market is that British life insurer Prudential is in advanced
      FILE PHOTO  -  995 words
    • Article
      Lock icon China property investment up 7.8% in Sept
      592 12 REUTERS Beijing SEPTEMBER’S investment in Chinese real estate showed its strongest growth since May as booming construction, sales and prices contributed handsomely to third quarter economic expansion of 6.7 per cent offsetting stubbornly weak exports. Property investment rose 7.8 per cent in September
      REUTERS  -  592 words
    • Article
      Lock icon China home sales surge despite cooling measures
      472 12 BLOOMBERG Shanghai CHINA’S moves to cool rampant property prices may have had an unintended consequence unleashing a stampede of buyers seeking to get in ahead of further restrictions. With attempts to avert a bubble intensifying property curbs have been rolled out in at
      BLOOMBERG  -  472 words
    • Article, Illustration
      Lock icon In Nigeria’s largest city, Monopoly mimics its chaotic property market
      1184 13 Buying property is a tangled affair, plagued by bribery, scams and even machete-wielding gangsters NYTIMES Lagos, Nigeria THE clock was running out at the Lagos Under-17 Monopoly Championship, and the pace of play was becoming so frantic, it was hard
      NYTIMES; PHOTO: NYTIMES  -  1,184 words
    • Article
      Lock icon Charter Hall pulls IPO on expected listing date
      373 13 REUTERS Sydney A projected A$ 1.12 billion (S$ 1.19 billion) Australian property trust listing was priced too high to attract big investors, fund managers said on Wednesday, as confidence drains out of a sector that Australia’s central bank has warned faces a
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      Lock icon Do negative interest rates hurt Japan real estate?
      1035 14  -  Not necessarily, but cheap financing could cause excessive risk-taking and induce boom bust cycles in asset prices. BY WONG XIAN YANG AND TOKUJI MURATA T The writers are head of research consultancy, and director of Japan business development at OrangeTee, respectively IN
      Sources: MLIT Japan, OrangeTee Research; PHOTO: REUTERS  -  1,035 words
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      Lock icon Househunt
      1164 14 Property transactions for districts 1 to 28 with contract dates between Sept 7 and Sept 13,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 08/09/2016 99 861 1600 1858 District 2 NON-LANDED 76
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      294 12 PRIME COVETED 999-YEAR LEASEHOLD COMMERCIAL SHOPHOUSES ON AMOY STREET 4 units of 2-storey conservation shophouse with attic CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E 1 mm Ql I it H o \t m\Y~ i m Mi Located within the Central Business District (CBD) and Telok Ayer Conservation Area Minutes’ walk
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      98 12 Street Level Commercial Space in Core CBD Strata area: 13,067 sq ft Prominent frontage of 45m Sheltered access from Tanjong Pagar MRT station F&B use can be allowed For Sale by Expression of Interest Exercise. Closing Wednesday, 30 November 2016, 3pm For further information, please contact: Ong Zhen Hao 6393
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      175 12 Freehold Commercial Building Along Orchard Road Substantial Shareholding For Sale By Private Treaty Type: 25 Storey Mixed Development Buildings (Retail: 21 Titles Office: 38 Titles) Tenure: Freehold Zoned: Front Tower: Commercial Rear Tower: Commercial Residential Master Plan Plot Ratio: 4.9+ Commercial Strata Area For Sale: Total Retail: Approx. 692sqm 7,449sqft
      175 words
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      587 13 jll.com.au/properties Rare freehold island development site Maraboo Island, Port Coogee, Western Australia A truly unique development site with an extensive list of outstanding features, including; Expansive 26,575sqm* property incorporating 19,380sqm* land component and 7,195sqm* water component Inner metropolitan location only 5km* south of bustling Fremantle and 23km* from Perth CBD
      587 words
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  • BANKING & FINANCE
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      261 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg SALE OF LAND, BUILDING AND ASSETS BY THE RECEIVERS AND MANAGERS Offers are invited for the purchase of the following land, building and assets (collectively, “Property”) belonging to a company located in Senawang Industrial Estate, Seremban, Negeri Sembilan on an “as is
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      60 15 Rosneft enters India with US$13b Essar deal, Pg 16 Stroke by stroke, faster than his fear, he took the lead, leaving everyone else in the rear. During competitions, at “On your marks”, he dived in, imagining his rivals as sharks. COMING SOON Dip into Joseph Schooling’s story for big and
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      33 15 DEEPIKA PADUKONE: I PREFER FILMS WITH ICONIC CHARACTERS Bad accident prompts him to develop device that helps people with mobility problems GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      82 15 IUOS tio NftL L ftRG £S I A 0b, BOOKYOUR SPACE NOW! Reach out to parents ages 25 45 years old with children ages 3-12 years old at SmartKids Asia. Promote your brand, products and services at Asia's Largest Educational Kids' Fair, established since 2012! CONTACT US NOW! Mr Nicholas
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Rosneft enters India with US$13b Essar deal
      653 16 Acquisition is “an important strategic victory” for Russia, says Eurasia Group analyst AFP MOSCOW IN a spectacularly costly gamble aimed at boosting Russia’s strategic position, state-controlled giant Rosneft is investing in India’s Essar Oil to muscle into a promising market with outlets throughout
      AFP; PHOTO: AFP  -  653 words
    • Article
      Lock icon Shale drillers are going for long – not deep – wells in the oil patch
      549 16 Shale drillers are going for long not deep wells in the oil patch BLOOMBERG New York LONG is the new deep. Just ask SM Energy Co, which on Tuesday spent US$ 1.6 billion to expand its acreage in America’s most prodigious oil patch, the Permian Basin. The unique geologic makeup
      BLOOMBERG  -  549 words
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      Lock icon BHP Billiton sees early signs of commodity markets recovery
      497 16 BLOOMBERG Melbourne BHP Billiton Ltd, the world’s biggest mining company, sees early signs that commodity markets are rebalancing, with oil and natural gas best placed to deliver gains into 2018. “Fundamentals suggest both oil and gas markets will improve over the
      BLOOMBERG  -  497 words
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      1369 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BSI (1990) Pte Ltd (In Provisional Liquidation) (Company Registration No. *****6019M) NOTICE TO CREDITORS OF FIRST MEETING Notice is hereby given, pursuant to Section 296 of Companies Act, Chapter 50 of Singapore, that the first
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      207 16 Invest Prosper 2017 5th November 2016, 9:30AM 5:00PM SPH News Centre Auditorium How will the US election affect your investment strategy S$10ADMISSION E lections never fail to give markets the jitters and investment climate often takes after such global economic movement. As we approach the 8th of November US Presidential
      207 words
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      30 16 NOVEMBER ISSUE OUT NOW! This edition, discover the secrets to ZhengGe Ping’s career and fitness longevity, as well as the healthiest chow you can order via food delivery services. MENSHEALTH.COM.SG
      30 words
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  • TECHNOLOGY
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      Lock icon Yahoo’s Q3 profit more than doubles to US$163m
      592 17 Boost in profits comes from cutting workers and costs, not from the strength of its core business AFP San Francisco YAHOO’S quarterly profits shot up by more than double to US$163 million even as it prepares for a takeover by Verizon. The
      AFP; AFP FILE PHOTO  -  592 words
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      Lock icon Alibaba’s Koubei seen raising US$1 billion to fund expansion
      479 17 BLOOMBERG Hong Kong ALIBABA Group Holding Ltd’s affiliate Koubei is seeking to raise US$ 1 billion of funding as it steps up its battle with China’s other web giants for neighbourhood services, according to people familiar with the matter. The company
      BLOOMBERG; PHOTO: BLOOMBERG  -  479 words
    • Article
      Lock icon D-Wave claims leap in quantum computing
      807 17 BLOOMBERG London D-Wave Systems Inc has sold its quantum computers to Google and US defence contractor Lockheed Martin Corp. It has now begun selling a new, more-powerful machine. A single unit of quantum data is called a quantum bit, or “qubit”, and the Burnaby,
      BLOOMBERG  -  807 words
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      1314 17 NOTICES MYP LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****9721C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (“EGM") of MYP Ltd. (the "Company”) will be held at Grand Copthorne Waterfront Hotel, Riverfront 1 2, Level 2, 392 Havelock Road, Singapore
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  • CONSUMER
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      Lock icon Samsung’s handling of Galaxy Note 7 fires angers Chinese
      970 18 South Korean company had said Chinese version of the phone had a different battery and was safe NYTIMES Tianjin, China ZHANG Sitong was saving a friend’s phone number on his Samsung Galaxy Note 7 smartphone when it started to vibrate and
      NYTIMES; PHOTO: NYTIMES  -  970 words
    • Article
      Lock icon Australia air freight crunch hits top-end food producers
      617 18 REUTERS Sydney AN unprecedented shortage of air cargo space, after years of booming exports to Asia, is forcing Australian producers of top-end foods to potentially miss out on hundreds of millions of dollars in sales of everything from lobster to cherries. Australia
      REUTERS  -  617 words
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      67 18 SINGAPORE EXPO HALLS 4 5!29 30 OCT 2016 10AM TO 8PM!FREE ADMISSION The best time to buy a car. With all the great offers from all your favourite brands, you don’t need any more excuses. AUDI•BMW•CHEVROLET•CITROEN•FORD•HYUNDAI•INFINITI•JAGUAR•KIA•LAND ROVER•MAZDA•MITSUBISHI•NISSAN•OPEL•PEUGEOT•RENAULT•SSANGYONG•SUBARU•SUZUKI•TOYOTA•VOLKSWAGEN•VOLVO Find new cars, pre-owned cars and accessories at Singapore’s largest car show. Details
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  • GOVERNMENT & ECONOMY
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      Lock icon Jokowi builds reform momentum after sluggish start
      672 19 Two years into the job, he has managed to assert his authority over Indonesia’s political establishment BLOOMBERG Singapore AFTER a shaky start, Indonesia’s leader Joko Widodo has put South-east Asia’s largest economy and his presidency back on track. Two years into the job,
      BLOOMBERG; PHOTO: AFP  -  672 words
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      Lock icon TPP likely to be ratified by US: former trade official
      465 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Trans-Pacific Partnership (TPP) agreement will very probably be ratified by the United States in the likely event that Democratic Party candidate Hillary Clinton wins next month’s US presidential election, a former senior US trade
      465 words
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      Lock icon Germany said to shut door on Brexit back channel deals
      622 19 Unbending line is to maintain a united EU front against the UK in talks BLOOMBERG Berlin GERMAN Chancellor Angela Merkel’s government is battening down the hatches for the coming Brexit talks, instructing officials to avoid any back-door contacts that could
      BLOOMBERG  -  622 words
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      Lock icon Hong Kong lawmakers blocked from retaking oath
      577 19 AFP Hong Kong HONG KONG’S legislature again descended into chaos on Wednesday as pro-Beijing politicians blocked the swearing-in of two new lawmakers who want a split from China, in an increasingly divided parliament. It comes as fears grow in the semi-autonomous city that
      AFP; PHOTO: AFP  -  577 words
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      Lock icon Sea row no barrier to warmer China ties: Manila
      315 19 REUTERS Beijing TERRITORIAL disputes between China and the Philippines may take a lifetime to resolve but should not prevent warming ties, the Philippine foreign secretary said on Wednesday, as President Rodrigo Duterte seeks to mend relations on a visit to China.
      REUTERS  -  315 words
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  • TRANSPORT
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      Lock icon More consumer protection for US air passengers
      621 20 Proposed measures include refunds when bags arrive late and getting airlines to reveal more relevant info BLOOMBERG Washington THE Obama administration unveiled sweeping new consumer protections for airline passengers on Tuesday that would give travellers refunds when bags arrive late, require carriers to
      BLOOMBERG  -  621 words
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      Lock icon MAS snags bigger share of London passengers with fare cuts
      498 20 It offers 2,000 seats a day on KL-London route, versus British Airways’ 500 BLOOMBERG London MALAYSIA Airlines Bhd (MAS) CEO Peter Bellew says fare cuts aimed at boosting passenger numbers on Kuala Lumpur-London flights are bearing fruit, with the carrier’s
      BLOOMBERG; PHOTO: BLOOMBERG  -  498 words
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      Lock icon Harley-Davidson stock jumps on boost from new engine, cost cuts
      387 20 BLOOMBERG New York HARLEY-DAVIDSON Inc stock climbed the most in more than three months on Tuesday as the motorcycle maker said its new engine is boosting sales despite a weak US market and that the company is trimming almost 300
      BLOOMBERG  -  387 words
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      Lock icon Dearth of data making evaluation of driverless cars in America a tough job
      1176 20 WP Washington PRESIDENT Barack Obama says that automated vehicles could cut the yearly death toll on US roads by tens of thousands. His highway safety chief talks about “a world where we could potentially prevent or mitigate
      WP; PHOTO: BLOOMBERG  -  1,176 words
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      980 21 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 14/16 21/10 23/10 BELITUNG/PKL BALAM SRIJAYA 8 28/16 22/10 24/10 JAMBI/PEKAN BARU FAJAR MAS 10/16 21/10 23/10 PALEMBANG/PANJANG PULAU WEH 08/16 24/10 26/10 BELAWAN/MALAHAYATI INDONESIA JAVA SULAWESI PORTS VESSEL VOY ETA ETD DESTINATION FLORA 8
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  • OPINION
    • Article
      Lock icon Asean must develop regional strategy to fight cyber crime
      526 22 EDITORIAL CYBER attacks are no longer an abstract possibility for Singapore. Government networks are regularly probed and sometimes attacked. There have been concerted DDoS (distributed denial of service) attacks on websites, both government and corporate over the past few years. There
      526 words
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      Lock icon Asia, seize the chance for a low-carbon future
      1307 22  -  Strong leadership and smart policymaking will be necessary for Asia to make the transition to this new world, where lives, livelihoods and businesses are transformed. BY RACHEL KYTE BY RACHEL KYTE T The writer is the CEO of Sustainable Energy for All
      FILE PHOTO  -  1,307 words
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      Lock icon When VR and AR become just reality
      776 22  -  THE BOTTOM LINE By Ralph Sherbahn T The writer is financial lines underwriting manager, Asia, at XL Catlin IT IS an industry that Goldman Sachs has valued at a possible US$80 billion by 202 5, but what is virtual or augmented reality? f
      776 words
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      Lock icon Bridging the chasm between strategy and execution
      870 23  -  COMMENTARY By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore IT’S always easier to say than to do. This is the problem with many things in life but perhaps more so with many of the bestselling management books in the market. Often, what these bestsellers
      870 words
    • Article
      Lock icon France won’t bend to UK demands despite ‘lose-lose’ Brexit
      745 23  -  By Denis MacShane T The writer is a former UK minister for Europe, a senior adviser at Avisa Partners, Brussels, and a member of the OMFIF advisory board. His book, “Brexit: How Britain Left Europe”, is published by IB Tauris ONE
      745 words
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      Lock icon Predictability needed as anchor with outlook dicey
      1511 23  -  With the economy clearly needing help this year, a strong case can be made for fiscal policy support in several areas. BY MANU BHASKARAN AND DONALD LOW BY MANU BHASKARAN, DONALD LOW T Manu Bhaskaran is CEO, Centennial Asia Advisors Pte Ltd, an
      PHOTO: AFP  -  1,511 words
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  • LIFE & CULTURE
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      Lock icon The Great British Bake Off effect
      1055 24 There’s a resurgence in home baking and more people want to become pastry chefs NYTIMES London IN a big white tent nestled in the green fields of the English countryside, six bakers were putting their signature spin on dinner rolls. They fretted over rising
      NYTIMES; PHOTO: NYTIMES  -  1,055 words
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      Lock icon Myanmar’s storied film industry gears up for a sequel
      839 24 AFP Yangon WITH turquoise columns propping up a pink and yellow portico, Myanmar’s art deco style Thwin cinema is a rare relic from a golden age of movie-making that dazzled audiences more than half a century ago. Myanmar’s film industry, once
      AFP; PHOTO: AFP  -  839 words
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      Lock icon Europe space lander aims for risky touchdown on Mars
      412 24 REUTERS Frankfurt THE search for life on Mars may take a giant leap on Wednesday when a space lander is due to touchdown on the red planet in Europe’s first attempt to land a craft there since the Beagle 2’s “heroic
      REUTERS  -  412 words
  • Page 24 Miscellaneous
    • Miscellaneous
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      365 24 CRYPTIC CROSSWORD Across 1 Minutes wasted mean a gent gets running (10) 6 Is infuriated to lose leader for a long time (4) 9 Cow’s bottom? (5) 10 Identify corgi seen barking (9) 12 Dad’s wise to provide safe conduct (7) 13 Room’s heat cut by 50% it turned cold
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