The Business Times, 24 October 2016

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Microfilm: NL34119
Total Pages: 32
1 32 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 Monday, October 24, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    221 1 US stocks close more or less flat as earnings, merger and election seasons present pleasant surprises in some areas and nasty shocks in others. TOP STORIES 4 The US Federal Reserve is likely to raise short-term interest rates several times over the coming year and markets may not
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  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 2,831.06 +15.82 KL Comp 1,669.98 +11.01 Nikkei 225 17,184.59 +328.22 Hang Seng 23,374.40 +141.09 Shenzhen B 1,165.66 -19.68 Dow 18,145.71 +7.33
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  • Article, Illustration
    Lock icon Ascendas -HTrust no longer for sale
    1033 1  -  The board has decided not to sell because the trust still has room to grow, including into new markets, says chairman By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SIX months after turning down several third-party offers to buy out the property trust, Ascendas Hospitality Trust
    PHOTO: YEN MENG JIIN  -  1,033 words
  • Article, Illustration
    Lock icon This startup wants to make free wi-fi work for businesses
    585 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore A HOMEGROWN startup is taking aim at a service from which people derive great pleasure when they are out and about: free wi-fi hotspots. Social wi-fi company, Nimbus Co, wants to help businesses put
    PHOTO NIMBUS & CO  -  585 words
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      170 1 *****1 *****1 THE BUSINESS TIMES 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 shows
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      44 1 TOPLINE Sunmoon CEO sees stars finally aligning COMPANIES MARKETS 6 HEALTH INSURANCE TASK FORCE Ensuring the right products and options for patients VIEWS FROM THE TOP 14 Standing above the rest EY ENTREPRENEUR OF THE YEAR 2016 A BT special supplement PAGES 19 27
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      15 1 WTA FINALS Hosting the event is a right fit for S’pore: STB TOP STORIES 2
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  • TOP STORIES
    • Article, Illustration
      Lock icon Hosting WTA Finals a right fit for S’pore: STB
      805 2  -  Third edition began on Sunday with US$7m prize purse up for grabs; world No 1 Angelique Kerber defeats Dominika Cibulkova in epic three-set battle By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN Singapore’s tourism and sporting officials were looking for a world-class
      PHOTOS: SINGAPORE TOURISM BOARD, REUTERS  -  805 words
    • Article, Illustration
      Lock icon Is starting up just for the rich?
      833 2  -  No but if you’re not loaded, you’d better be a coder COMMENTARY B y Jacqueline Cheok jaccheok@sph.com.sg @JacCheokBT LOOK at lots of entrepreneurs, and you’ll notice an interesting, little-exposed common trait. It’s neither that extraordinary passion to change the world nor an admirable
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    • Article, Illustration
      Lock icon China plenum to open with rumours Xi won’t name successor
      698 2  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S plenum of the Central Committee is opening on Monday amid rumours that President and Communist Party of China leader Xi Jinping might not step down after his second term, hence breaking a tradition imposed
      PHOTO: AFP  -  698 words
    • Article
      Lock icon Tech earnings may wake bull market this week
      982 4  -  The technology sector is regaining its reputation as a market leader; AT&T-Time Warner deal adds to the mood WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks were more or less flat last week as earnings, merger and election seasons presented pleasant
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    • Article, Illustration
      Lock icon An MBS boost for giving back to the community
      117 4 COMPANY OF GOOD T This picture story was contributed by NVPC, as part of a series of stories on the business case for doing good. BT is supporting NVPC’s Company of Good programme as media partner. Visit companyofgood.sg for more information.
      PHOTO: STEPHEN CHIN SIONG LIUNG  -  117 words
    • Article, Illustration
      Lock icon Japan faces delicate diplomatic balancing act as Duterte visits
      924 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo FRESH from his official visit to China last week, Philippine President Rodrigo Duterte will begin a three-day visit to Japan on Tuesday, amid intense speculation over what role Japan can play in easing strained relations between
      PHOTO: AFP  -  924 words
    • Article, Illustration
      Lock icon Markets may be under-estimating impact of Fed tightening
      831 5  -  Finance veteran says US is likely to raise short-term rates several times in coming year By Anthony Rowley btworld@sph.com.sg Tokyo THE US Federal Reserve is likely to raise short-term interest rates several times over the coming year and markets may not have
      PHOTO: BLOOMBERG  -  831 words
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      74 3 f ROLEX This watch is a witness to It doesn’t just tell the greatest events in tennis, time. It tells history. v y x ROLEX OYSTER PERPETUAL DATE /JUST 28 SUPERLATIVE CHRONOMETER OFFICIAI _Y CERTIFIED m SWISS MODE OYSTER PERPETUAL DATEJUST 36 BNP PAR BAS WTA FINALS SINGAPORE presented by
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      161 4 RECRUIT MANAGEMENT TRAINEE POSITION Our client is a large conglomerate involved in various industries worldwide, including the FMCG, F&B, oil and gas, property, medical, education and lifestyle sectors. We are looking for the right candidates to fill the position of Management Trainees, to be groomed to lead the various companies
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      29 4 Paint the town red, or just your room Find painters to do the job or promote your services in CLASS 112 To advertise, call the Print Classified Hotline: 1800-*****88
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      118 5 The complexity of global currencies evolved 12-fold over the last decade. The foreign exchange market is the largest and most liquid in the world and also the most deeply intertwined. In fact, there are currently more than 1,300 potential currency pairings. That shared opportunity also presents shared risks. CME Group
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Sunmoon CEO sees stars finally aligning
      1536 6  -  An impending investment by a Chinese online shopping group could be the game-changer that turns things firmly around. TOPLINE BOARDROOM MATTERS BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT WHEN Gary Loh first bought into Sunmoon Food Co in 2007 as a private equity (PE) investor, he
      PHOTO: ARTHUR LEE  -  1,536 words
    • Article
      Lock icon CEO pay ratios: populism or good governance?
      905 6  -  Companies should enhance disclosures on remuneration-related matters to avoid more regulation. BY SHAI GANU T The writer is a member of the Corporate Governance Guidebooks Working Committee, and a member of the Professional Development Committee of the Singapore Institute of Directors. T For
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    • Article
      Lock icon All eyes on Swissco, Ezra debt meetings early this week
      410 6  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore ATTENTION will be on beleaguered offshore services companies Swissco Holdings and Ezra Holdings this week, as both prepare to hold what they called “informal” meetings with their bondholders. Swissco’s is scheduled for Monday afternoon
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    • Article
      Lock icon Director buying falls again, selling stays low
      2001 7  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Limited THE buying fell for the fourth straight week while the selling among directors remained low based on filings on the Singapore Exchange in the third week of October. Buyers
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    • Article, Illustration
      Lock icon STI / Catalist
      33 8 STI Catalist WEEKLY Straits Times Index Oct 21,2016 2,831.06 +15.82 (+0.56%) Current streak 2 days Week high 2,844.62 Week low 2,817.07 52-week high 3,068.46 (Oct 23, 2015) 52-week low 2,539.95 (Feb 12, 2016)
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    • Article, Illustration
      Lock icon Does more sobriety await stocks again this week?
      678 8  -  STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT THE twinkle-less mood that gripped the stock market for much of last week could echo back into this week’s trading as the corporate earnings season roll on and unresolved anxieties continue to haunt investor sentiments. Wall
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    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 cd -2 244/240 257 209 6.4 6670.1 CapitaCom Trust 159.5 +2.5 160.5/153 164 127 5.4 4725.3 CapitaLand 312 +2 317/308 340 280 12.5 2.9 *****.7 CapitaMall Trust 211 unch 214/206 225
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      Lock icon STI / FTSE ST All-Share
      36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Oct 21,2016 699.33 +3.13 (+0.45%) Current streak 2 days Week high 701.90 Week low 696.17 52-week high 739.01 (Oct 23, 2015) 52-week low 629.34 (Feb 12, 2016)
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    • Article
      Lock icon GAINERS
      107 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty50 ETF10 ***** 184.1 1.0 *****/***** SPDR S&P500 US$ ***** 149.2 0.5 *****/***** DBXT E50 US$ 4500 125.5 2.0 5000/3918 DBXT MSKorea US$ 5726 124.1 1.6 6041/4629 GLD US$ ***** 101.8 0.6 *****/***** BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.3 200.0
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    • Article
      Lock icon LOSERS
      75 8 BY CENTS CLOSE DOWN 52w high/low B&M Trustees 260 -360.0 -58.1 620/260 JMH USD 6050 -124.1 -1.4 6371/4500 Hyflux 6% CPS 9370 -75.0 -0.8 *****/9200 Prudential USD 1710 -69.7 -2.8 2500/1680 DBXT MSAsExJp US$ 3499 -66.9 -1.4 3633/2772 BY PERCENTAGE CLOSE DOWN 52w high/low China Env Res 0.3 -88.5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Samko Timber 80.0 0.080 -0.009 -10.11 Allied Tech 224.6 0.039 +0.016 +69.57 Natural Cool 635.2 0.084 +0.014 +20.00 G Invacom 20,209.7 0.205 +0.021 +11.41 Hu An Cable 16,410.6 0.007 +0.001 +16.67 WE 88,813.8 0.005 -0.001 -16.67 Metech Intl 1,500.1 0.004 +0.002 +100.00 CPH 1,349.9 0.006
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    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Noble 711,620,800 LionGold 633,529,100 Jasper Inv 435,955,100 Blumont 349,600,300 Swee Hong 301,977,500 Market volume 10,405,870,000 VALUE Singtel 332,938,020 OCBC Bank 216,300,197 DBS Grp 216,028,186 UOB 210,941,007 CapitaLand 145,865,450 Market value 4,481,201,000
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    • Article
      Lock icon SGX ETFS
      109 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 288 +1 1630 291/284 314/254 287/288 IS Asia BND US US1092 -8 918 1100/1090 1126/1010 1088/1103 IS MS INDIA US$ US734 +9 586 737/716 772/575 730/734 91.8 DBXT MSRussia US$ US214 -2 548 215/211
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    • Article
      Lock icon COMPANY MEETINGS
      95 8 COMPANY MEETING PLACE DATE TIME HupSteel Ltd A 116 Neythal Road 22-Oct 11.00am GL Ltd A Orchard Hotel Singapore Ballroom 3 (Lvl 3) 442 Orchard Road 24-Oct 11.00am GuocoLand Ltd A Orchard Ballroom 3 (Lvl 3) Orchard Hotel S’pore 442 Orchard Road 24-Oct 2.30pm Health Mgmt Intl A
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Oct 21 VALUE CLOSE BT OB/OS -360.00 -61.00 BT CADI -*****.00 -84.00 BT 10-day MA -*****.00 -36.00 FTSE ST Mid Cap 693.33 -1.35 FTSE ST Small Cap 386.88 -1.46 FTSE ST All Share 699.33 -2.31 FTSE ST China Top 158.63 -0.24 FTSE ST China 195.72 -0.36 FTSE
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE WEEKLY MSCI EAFE index Oct 21,2016 1,672.45 7.73 (0.46%) Current streak 2 days Week high 1,680.40 Week low 1,656.98 52-week high 1,777.37 (Oct 23, 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 9 3 0 0 0 5 9 3 Manufacturing 53 54 28 12 20 9 65 74 37 Commerce 26 21 16 2 13 5 28 34 21 Tpt/Stor/Comms 14 16 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 65,361 65,361 200,176 200,176 Manufacturing 688,723 1,344,875 2,033,598 504,030 13,664 517,694 Commerce 1,081,279 408,154 1,489,433 567,574 3,668 571,242 Tpt/Stor/Comms 556,219 4,161 560,380 682,134 365 682,499 Finance 255,426 638 256,064 770,526 94 770,620 Construction 706,739 66,953
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    • Article
      Lock icon Gold ends higher for the week on seasonal Asian demand
      902 8 COMMODITIES REUTERS BLOOMBERG New York GOLD prices were little changed on Friday as a strong dollar limited gains, but the precious metal notched its first weekly rise in four as seasonal demand from Asia kicked in. Demand from Asia, including
      REUTERS; BLOOMBERG  -  902 words
    • Article
      Lock icon Effects of US presidential elections, rate hike on gold
      347 9  -  CURRENCIES By Jonathan Chan T The writer is an investment analyst at Phillip Futures A DONALD Trump victory seems to be a bullish driver for gold. Traditionally, gold has always been seen as the go-to asset in times of uncertainty. Mr
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    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 9 WEEKLY
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        Lock icon INTERBANK CROSS RATES
        471 9 Oct 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.013 5.167 0.702 5.930 51.131 99.622 0.794 8.686 3.199 1.066 80.081 36.941 1.066 10.724 0.761 24.207 26.886 0.624 0.764 Canada 0.987 5.101
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        Lock icon SHANGHAI COMPOSITE
        3 9 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 9 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 9 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Oct 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0657 1.0660 0.7643 0.7644 Canadian dollar 1.0521 1.0526 0.7548 0.7545 Euro 1.5173 1.5176 1.0882 1.0883 NZ dollar 0.9994 0.9997 0.7168 0.7169 Sterling pound 1.7066 1.7074 1.2240 1.2244
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Oct 21 S$ Bid Offer 1-month 1.3940 1.3945 2-months 1.3938 1.3944 3-months 1.3937 1.3943 6-months 1.3931 1.3940 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        378 9 Oct 21 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9760.00 9870.00 9750.00 9817.50 *****6 *****3 Nov16 9785.00 9892.50 9770.00 9847.50 ***** ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****2 Mar17 *****.00 *****.00 *****.00 *****.00 438 3781 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        214 9 Most active Oct 21 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.1 halt ***** 1 1 57 7.00 10 Charisma EnergyServicesW*****3 0.2 unch ***** 1 3 1 DBS MB eCW*****1 8 -0.6 ***** 0.1
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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 21 Index Change Change Change Change Change Change World Preliminary 1303.7 -0.1 2.0 -0.1 0.5 -0.3 2.2 EAFE Preliminary 987.0 -0.2 -2.6 -0.2 -4.2 -0.4 -2.6 Europe Preliminary 1417.6 -0.1 0.3
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Oct 21 $S Offer Bid 0vernight 0.05 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.26 US$ 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
        65 9 Oct 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.69 5-Year N*****0Z 1.250 01-Oct-21 99.5 99.50 99.50 10-Year NX*****F 2.125 01-Jun-26 102.3 15-Year NZ*****F 2.875 01-Sep-30 108.34 108.15 108.10 20-Year NZ*****X 2.250 01-Aug-36 99.37 99.40 99.30 30-Year NA*****H
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Oct-20 Price Net change change Last Trade Agricultural Oct-20 CBOT Soybeans (US cents/bu) 975.50 -6.00 -0.61% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.05 -0.35 -0.99% 14/12/2016 CBOT Wheat (US cents/bu) 417.00 -3.25 -0.77% 14/12/2016 Oct-20 LIFFE Cocoa (£/tonne) 2237.00 -1.00 -0.04% 13/12/2016 LIFFE Coffee (US$/tonne) 2095.00 -9.00 -0.43%
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    • Article, Illustration
      Lock icon Australian outback scions bid A$386m for Kidman
      932 10 Proposal from BBHO trumps offer from billionaire Gina Rinehart and her Chinese business partner for one of the country’s largest beef producers BLOOMBERG Sydney A GROUP of outback scions has bid A$386 million (S$409 million) for all the shares of S Kidman Co,
      BLOOMBERG; PHOTO: AFP  -  932 words
    • Article
      Lock icon PRIME LENDING RATES
      242 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia ...5.75 Bank
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      976 10 Payment Ex Rec Pay Ann (cts) date date date date Aims Property Sec Fd do 2.144 28-Sep 30-Sep 16-Dec 26-Sep Ascendas Reit dd 2.156 26-Oct 28-Oct 29-Nov 20-Oct Ascendas Reit bi 0.031 26-Oct 28-Oct 29-Nov 20-Oct Ascendas Reit (11 Aug to 30 Sep 2016) db 0.090 26-Oct 28-Oct
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1146 10 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.06 10.03 0.89 0.65 AIMS AMP Cap Industrial Reit 1.00 1.00 3 0.11 12.75 1.62 1.38 ARA Asset Mgt 1.25 1.25 2 0.08
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    • Article
      Lock icon SGX MAINBOARD
      2003 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Last Vol Week Div GrYld Net MCap 149 127 AIMSAMP Cap Reit 138 -2 2394 141.5 135 0.9 8.2 879.5 LOW 144 101 ARA Asset Mgmt 134 +2.5 2022 135.5
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    • Article
      Lock icon SGX CATALIST
      359 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol ('000) High week 0.6 0.1 t Advanced Systems 0.4 +0.1 ***** 0.5 0.3 10.5 46.5 29.5 t Advancer Global 37 -3 1238 39.5 37 14.7 64.1 C'vr
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    • Article
      Lock icon SGX ETF
      171 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3156 +21 8 3156 3098 8.7 116.2 97.5 DBXT MS SING US$ US112 -2.5 292 112 110.7 5.6 417 190 DBXT MSBrazil
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      241 7 THE BUSINESS TIMES THE BUSINESS TIMES 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! JL LA BRASSERIE Grab $5 off your GrabTaxi ride Enjoy 35% off a-la-carte food items
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      94 9 Trade Gold For Gold Trade 1ozspotgold forlessthan US$100! Receive premium gold when you trade spot gold with Phillip Futures today.* 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg/gold All forms of investments carry risks, including the risk of losing more than the invested amount
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      129 11 Introducing Phillip SGX APAC Dividend Leaders REIT ETF Offering investors access to diversified regional high dividend REITs Stock Code: BYI (USD counter); BYJ (SGD counter) Launched on 20 October 2016 Singapore Exchange sgx.com/etf The Phillip SGX APAC Dividend Leaders REIT ETF is issued by Phillip Capital Management (S) Limited based
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Worst over for Dubai property: Nakheel chairman
      568 12 Lootah says buyers returning and the emirate offers an alternative to investors worried about UK’s Brexit vote BLOOMBERG Singapore DUBAI’S property market is bottoming out as buyers return to the market and the emirate offers an alternative to investors worried about the UK’s
      BLOOMBERG; PHOTO: BLOOMBERG  -  568 words
    • Article, Illustration
      Lock icon Airbnb’s NY fight moves from legislature to courtroom
      502 12 BLOOMBERG New York AIRBNB Inc is fighting to stay alive in the biggest rental market in the US. Hours after New York Governor Andrew Cuomo signed a bill into law that will fine residents who rent out their apartments for illegal short-term
      BLOOMBERG; PHOTOS: REUTERS  -  502 words
    • Article
      Lock icon Anbang abandons bid to buy US hotel near naval base
      715 12 BLOOMBERG Seattle A DEAL by China’s Anbang Insurance Group Co to purchase a landmark Southern California hotel near a major naval base from Blackstone Group LPwas called off following opposition from US national-security officials, according to people with knowledge of
      BLOOMBERG  -  715 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      165 12 In the Matter of THE COMPANIES ACT (CHAPTER 50) AND In the Matter of NORDIC (CP) PRIVATE LIMITED (Co. Reg. No.: *****6450Z) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50, the final meeting of the
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      171 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BUKIT MERAH SHIPPING PTE. LTD. (IN LIQUIDATION) (Company Registration no. *****0601R) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member
      171 words
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      Lock icon Page 12 Advertisements Column 3
      188 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 BEAUTIFULLY
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      157 12 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF ALDAN MOTOR SERVICE PTE LTD (In Members’ Voluntary Liquidation) Company Registration No. *****3887E NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the Final Meeting of the abovenamed Company will be held at 33 Ubi Avenue
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      197 12 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AMB NARITA 2 PTE. LTD. (Company Registration No. *****5619R) AMB JAPAN CAPITAL PTE. LTD. (Company Registration No. *****5631N) (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon The ABCs of Singapore Reits
      1305 13  -  Young Singaporeans can invest in real estate and enjoy its yields, through real estate investment trusts. BY AMOS SOO, KENNETH WONG T Amos Soo Chin Weng and Kenneth Wong Ming Hao are students with Singapore Management University’s Lee Kong Chian School of Business. They are
      FILE PHOTO  -  1,305 words
    • Article, Illustration
      Lock icon Crash can be avoided despite China’s property bubble
      968 13  -  The housing boom in the country is not a nationwide phenomenon, but a very concentrated problem in a handful of large cities. BY AIDAN YAO BY AIDAN YAO T The writer is senior emerging Asia economist at AXA Investment Managers. ONE of
      PHOTO: AFP  -  968 words
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      105 13 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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      8 13 This series is brought to you by Cltl
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Ensuring the right products and options for patients
      2059 14 THIS WEEK’S TOPIC: How far would the Health Insurance Task Force’s proposals go to rein in rising healthcare costs? Victor Mills Chief Executive Singapore International Chamber of Commerce THE proposals are clear, sensible and timely. All of us whether we are consumers
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Banks failing from coast to coast show Africa distress
      1080 15 Mounting issues mark a turning point for the continent once lauded as the next big investment destination BLOOMBERG Johannesburg AFRICAN banks are sinking deeper into trouble. Drowning in bad debt and swamped by slowing economies, more and more of the continent’s
      BLOOMBERG; PHOTO: REUTERS  -  1,080 words
    • Article
      Lock icon Tudor said to be betting on data analytics, scientists
      324 15 BLOOMBERG New York PAUL Tudor Jones built his career on market savvy and a strong stomach for risk. Now, his gut is telling him to bet that data and the smarts of scientists can help his US$10.6 billion hedge fund firm
      BLOOMBERG  -  324 words
  • Page 15 Advertisements
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      67 15 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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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Putin helped save his oil giant. Now Rosneft returns the favour
      1250 16 Firm is helping fill a yawning budget gap at home and support the Kremlin abroad BLOOMBERG MOSCOW TWO years ago, the Kremlin’s oil flagship was foundering, hit by falling prices and international sanctions just as it faced US$20 billion
      BLOOMBERG; PHOTO: REUTERS  -  1,250 words
    • Article
      Lock icon China steel mills defy capacity cutbacks
      658 16 Despite pressure to clean up, they are producing more REUTERS Shanghai CHINESE steel mills are becoming cleaner every month as Beijing pushes to curb its smoke-stack industries. But they’re not getting any leaner. Despite efforts to step up environmental checks and trim out excess
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    • Article
      Lock icon Schlumberger Q3 earnings beat estimates
      488 16 WP Washington SCHLUMBERGER’S earnings beat expectations after the world’s largest oilfield services provider cashed in on an early US recovery as it waits for the rest of the world to catch up. Excluding one-time items, the Houston- and Paris-based company reported profit of 25 US
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      Lock icon Oil glut growing bigger despite Saudi Arabia saying worst is over
      677 16 BLOOMBERG London LISTEN to Saudi Arabia and hear the oil market is rebalancing. Look at the screen, and Brent is indeed holding above US$50 a barrel. But dig deeper into the world of physical oil and bearish signals abound,
      BLOOMBERG  -  677 words
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      341 16 In The Matter Of The Companies Act, Cap. 50 And In the Matter of MARIMED SHIPPING (SINGAPORE) PTE. LTD. (Co. Reg. No. *****3478M) (In Creditors’ Voluntary Liquidation) Extract of the minutes at the Creditors’ Meeting of the company convened and held at 13A Mackenzie Road, Singapore *****6 on 18 October
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      354 17 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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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Singapore can be No 1 fintech hub, says Citi official
      1137 18  -  Republic is already a springboard for digital innovation with the govt’s strong support By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore IN a recent report on the top fintech (financial technology) hubs in the world, audit, consulting and financial advisory firm
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    • Article
      Lock icon Businesses must disrupt now, or fall by the wayside
      986 18  -  They have to confront disruptive forces head-on with their own disruption plays. YOU SAY BY JIM CLARKE T The writer is director of marketing, products pricing, Telstra Global Enterprise Services WE are facing tough times and not just because there are
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    • Article
      Lock icon Connected gadgets blamed as Internet recovers from attack
      824 18 BLOOMBERG London VULNERABLE Internet-connected devices such as cameras and digital video recorders may be to blame for the attack that took down some of the world’s most popular websites on Friday. Malware that targets the “Internet of Things”, a new breed of
      BLOOMBERG  -  824 words
  • Page 18 Advertisements
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      28 18 BOOK YOUR SPACE NOW! 17-20 NOV 2016 SUNTEC SINGAPORE HALLS 404 406 12-9PM DAILY >>>SELL YOUR>>> TECH PRODUCTS SERVICES Organised by: Call6747 4620 or Email to sales@exhibitsinc.com.sg fb.com/ComexITShow
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  • EY ENTREPRENEUR OF THE YEAR 2016
    • Article, Illustration
      Lock icon Standing above the rest
      2581 19 Winners of the EY Entrepreneur Of The Year awards 2016 offer insights into running a successful business. Roundtable participants: IEY Entrepreneur Of The Year (Diversified Industries): Lawrence Leow, group chairman and CEO of Crescendas Group; IEY Entrepreneur Of The Year (Supply Chain Manufacturing): David Low Chor
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      Lock icon The sky’s the limit for Air Asia
      1001 22  -  Mr AirAsia Tony Fernandes is working hard to connect the dots in the budget carrier's global network. EY ASEAN ENTREPRENEURIAL EXCELLENCE AWARD: TONY FERNANDES network.BY FRANCIS KAN HE dares to be different in the skies with a philosophy that his budget airline has
      PHOTO: BLOOMBERG  -  1,001 words
    • Article, Illustration
      Lock icon Good HR practices, training programmes crucial to support SMEs’ growth
      870 22 With manpower constraints, it’s vital to maximise the potential of staff. STAFF at The White Rabbit, a European-themed restaurant housed in a former chapel in Dempsey; Odette, a fine dining restaurant at National Gallery Singapore; Tanjong Beach Club, a coastal
      PHOTO: THE LO & BEHOLD GROUP; PHOTO: WONG FONG INDUSTRIES LTD  -  870 words
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      Lock icon Keeping the family spirit alive
      1116 24  -  Heinrich Jessen, chairman of Jebsen Jessen (SEA), is determined to see the business succeed beyond the third-generation. EY-BARCLAYS FAMILY BUSINESS AWARD OF EXCELLENCE: JEBSEN JESSEN (SEA) third-generation.BY FRANCIS KAN KEEPING the business in the family is a personal, as much as a professional, priority for
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      Lock icon The 4Gs in successful business families: Generations, growth, giving and global
      955 24  -  Many successful families have shown that the 4Gs mindset can help to preserve family harmony, which serves as the fuel to foster family entrepreneurship. BY ANNIE KOH AND ESTHER KONG BY ANNIE KOH, ESTHER KONG T Professor Annie Koh
      PHOTO: FREEIMAGES  -  955 words
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      Lock icon Leading in the age of disruption
      1046 26  -  Business leaders have become “change agents” and champions of an ethos that will help firms discover the routes to innovation and growth. BY MAX LOH T The writer is Asean and Singapore managing partner, Ernst Young LLP. CONVERSATIONS on the future have seen a
      PHOTO: FREEIMAGES  -  1,046 words
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      Lock icon Growing in Asia? Go for depth, not breadth
      1014 26  -  Shifting the strategic mindset to focus on market leadership instead of a widespread, sub-scale geographic presence may help. BY VIKRAM CHAKRAVARTY BY VIKRAM CHAKRAVARTY T The writer is EY Asean managing partner, Transaction Advisory Services. FOR two decades, emerging Asia has been
      PHOTO: AFP  -  1,014 words
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      387 21 crescenclas A DIVERSIFIED MULTI-INDUSTRY GROUP WITH GLOBAL PRESENCE A n <n r is r V r. iiMgfeAqueen Hotel o ,1 > --1 t n ,->v 1 ilfes IIS at < r^s I,5 ■_T 22* ”i ’j; J75PJJ asma Fractionation Facility SINGAPORE MALAYSIA INDONESIA CHINA SRI LANKA MALDIVES USA Lawrence Leow,
      387 words
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      82 23 EY-BARCLAYS FAMILY BUSINESS AWARD OF EXCELLENCE 2016 The EY-Barclays Family Business Award of Excellence recognizes and honors outstanding entrepreneurial families who successfully balance the intricacies of family and business issues to achieve excellence. This year, we congratulate Jebsen Jessen (SEA), a diversified international conglomerate that focuses on seven core businesses
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  • Page 27 Advertisements
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      64 27 OUR HEARTIEST CONGRATULATIONS TO DATO' SRI DR. LIM YONG GUAN CHAIRMAN OF SOO KEE GROUP MONEYMAX FINANCIAL SERVICES ON WINNING THE EY ENTREPRENEUR OF THE YEAR 2016 L m i r m 10 /sr C«/ r k HI q V 4 m A yj. s i A m "S5 M
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  • CONSUMER
    • Article, Illustration
      Lock icon AT&T-Time Warner to face big regulatory test
      1009 28 Huge wireless business would render the merged entity a new kind of media juggernaut; Trump condemns the deal NYTIMES New York A CABLE and Internet provider decides to buy an entertainment conglomerate. The merger is met with scepticism by industry analysts and outrage
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      Lock icon British American Tobacco offers US$47 billion for Reynolds
      1333 28 REUTERS London BRITISH American Tobacco has offered to buy out US cigarette maker Reynolds American Inc in a US$47 billion takeover that would create the world’s biggest listed tobacco company with brands including Newport, Lucky Strike and Pall Mall. The cash-and-stock deal
      REUTERS; PHOTO: REUTERS  -  1,333 words
    • Article, Illustration
      Lock icon Hanoi hopes to raise billions by selling stakes in brewers
      601 28 AFP Hanoi SLOSHED back at rowdy open-air bia hoi day and night, beer is Vietnam’s tipple of choice and now its cash-strapped government is drawing on the nation’s penchant for lager to raise billions of dollars by selling stakes in
      AFP; PHOTO: AFP  -  601 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Belgium given Monday deadline to back Canada trade deal
      469 29 Summit to sign pact will be called off, warns EU, if opposition to it is not overcome by then REUTERS Brussels THE European Union (EU) has given Belgium until late on Monday to overcome opposition to a free trade deal with
      REUTERS  -  469 words
    • Article, Illustration
      Lock icon Banks preparing to leave UK over Brexit: top official
      466 29 REUTERS London BIG international banks are preparing to move some of their operations out of Britain in early 2017 due to the uncertainty over the country’s future relationship with the European Union, says a top banking official. Writing in the Observer
      REUTERS; PHOTO: BLOOMBERG  -  466 words
    • Article
      Lock icon Confident Clinton steps up in battle for Congress
      668 29 AFP Philadelphia WITH polls giving her the edge on Election Day, Democratic White House nominee Hillary Clinton said late on Saturday that she planned to work hard to see her party make gains in Congress. Speaking to reporters aboard her campaign plane,
      AFP  -  668 words
    • Article, Illustration
      Lock icon Egyptians lose patience with govt as economy deteriorates
      867 29 REUTERS Cairo A CARTOON which appeared on social media shows a drowning Egyptian, only his hand protruding from the depths, waving for help. The next strips show President Abdel Fattah al-Sisi diving in, taking the drowning man’s watch and turning away. The
      REUTERS; PHOTO: REUTERS  -  867 words
    • Article
      Lock icon Ireland may be isolated by renewed EU push for common tax base
      696 29 BLOOMBERG Brussels IRELAND is facing another tax battle with the European Union (EU) and this time it will have to fight its own corner. Less than two months after the EU ordered Ireland to claw back a record
      BLOOMBERG  -  696 words
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  • TRANSPORT
  • Page 30 Advertisements
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      30 30 Paint the town red, or just your room Find painters to do the job or promote your services in CLASS 112 To advertise, call the Print Classified Hotline: 1800-289 9988
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      216 30 $53.50 Value.able shares with us the right mindset which every investor should have and how we can identify the extraordinary businesses in the stock market. Most importantly, it teaches us the different valuation models for stocks valuation. By following the 3 simple steps mentioned in the book, investors are able
      216 words
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      28 30 This book belongs to who dares to dream. who dares to dream. Get inspired by Joseph Schooling’s story COMING SOON On sale at all major bookstores and www.stpressbooks.com.sg
      28 words
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      1991 31 S-*- THE BUSINESS TIMES SHIPPING TIMES C a i l a n ~E n n o B r i s b a n e r e J e d d a h Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o
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      244 31 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 118 PRW300 25/10/2016 26/10/2016 Pelindo/Perawang DAILY Marco Polo 152 BST033 25/10/2016 26/10/2016 Buatan/Buatan DAILY Marco Polo
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  • LIFE & CULTURE
    • Article
      Lock icon Corruption in China gets an airing on TV
      910 32 New series reveals how many disgraced officials were once serious about having a wild time NYTIMES Beijing FEASTS of crocodile tail. Pricey liquor by the bucketful. A nanny employed just to take care of pets. Bundles of jade bracelets worth millions. A
      NYTIMES  -  910 words
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      Lock icon Max Landis is a Hollywood disrupter with an attitude
      1113 32 NYTIMES west Hollywood, California LAST year, when prolific screenwriter Max Landis was spending long days in script development on Dirk Gently’s Holistic Detective Agency, the BBC America TV series he created, he decided to blow off a little steam by writing
      NYTIMES; PHOTO: NYTIMES  -  1,113 words
    • Article
      Lock icon In bustling Crimea, they love Putin
      844 32 BLOOMBERG New York FROM the Russian city of Perm, on the outer edges of the Ural Mountain range, to the peninsula of Crimea, it’s about 2,880 km. By car, that’s a good 40 hours, give or take a few. Undaunted, the Shvetsovs, Sergey and
      BLOOMBERG  -  844 words
  • Page 32 Miscellaneous
    • Miscellaneous
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      347 32 CRYPTIC CROSSWORD Across 1 No Christmas sadly for Cromwell’s lot? Certainly not! (11) 7 Beloved Grace coming to the rescue (7) 8 Someone working for money after end of school or a student? (7) 10 Noble has lots of pounds stashed away (5) 11 Dim sermon about one form of
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