The Business Times, 28 October 2016

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Total Pages: 30
1 30 The Business Times
  • 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 Friday, October 28, 2016
    22 words
  • 204 1 Commuter fares come down from Dec 30 in a move that translates to a combined reduction of about S$79 million a year in fare revenue for the Land Transport Authority, SMRT and SBS Transit. TOP STORIES 2 Singapore makes significant progress this week towards the new-energy world of
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  • 28 1 Thursday Change STI 2,828.94 +0.37 KL COMP 1,669.03 -4.89 NIKKEI 225 17,336.42 -55.42 HANG SENG 23,132.35 -193.08 SHENZHEN B 1,170.61 -8.90 DOW (11.45 AM EDT) 18,200.12 +0.79
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  • 717 1  -  MOM cites slide in construction and manufacturing sectors for fall, affecting mostly work permit holders By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE number of employed people in Singapore fell over the July-Septem-ber period, marking only the second time that total
    Source: Ministry of Manpower  -  717 words
  • 896 1  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore OCBC Bank on Thursday reported an unexpected rise in net profit after tax for the third quarter up 5 per cent to S$943 million boosted by higher wealth-management fees and increased
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  • 134 1 CHIEF financial officer by day, baker anytime: The Business Times Weekend this week takes you on a delectable trip through the kitchens of some of Singapore’s best-followed amateur chefs. Savour a walk around colourful and changing Joo Chiat, and take a peep into an award-winning
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  • Page 1 Advertisements

  • TOP STORIES
    • 771 2  -  Move is driven by lower energy costs and will cut fare revenue for LTA, SMRT and SBS Transit by S$79m a year By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore UNDERPINNED by lower energy costs, commuter fares will come down from Dec
      Source: UniSIM, Public Transport Council  -  771 words
    • 790 2  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore INDUSTRIAL property rentals continued their decline for the sixth consecutive quarter, falling 2 per cent in Q3 from Q2, culminating in a 6.3 per cent decline for the first nine months of this year. Even as some
      Source: JTC  -  790 words
    • 650 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur GUOCOLAND and Eco World Development Group Bhd are pooling their strengths and expertise in soon-to-be-listed developer Eco World International Bhd (EWI). The companies which said on Thursday the tie-up will help them better compete and expand
      FILE PHOTO; BLOOMBERG  -  650 words
    • 228 2 Enjoy great European fare at Senso Ristorante Bar BT READERS’ REWARDS IN celebration of The Business Times’ 40th Anniversary, readers can continue to enjoy discounts on GrabTaxi rides and dining deals at selected exquisite restaurants. This week’s offer is at Senso Ristorante Bar. Housed in the heritage district of Chinatown,
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    • 953 4  -  Energy Week brought news of govt’s moves to shape both the supply and demand side of the energy equation NEW ENERGY By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE, better known as an oil trading and refining hub, this week
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    • 296 4  - Singapore strikes gold at cooking Olympics twice! By Avanti Nim avantin@sph.com.sg Singapore THE Singapore National Culinary Team has emerged champion in this year’s Culinary Olympics held in Germany, bagging gold medals in both the Cold Display and Hot Cooking categories. The cooking competition, regarded as being among the most prestigious
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    • 672 4  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore NETLINK Trust (NLT), which owns and operates Singapore’s national high-speed fibre network, has been fined a total of S$500,000 for delays in service to both its home and business customers. Of the S$500,000
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    • 327 4  -  B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SPRING Singapore will review its criteria for a key suite of business awards to add more focus on people development and innovation capabilities, said S Iswaran, Minister for Trade and Industry (Industry) on
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • COMPANIES & MARKETS
    • 595 5  -  Net profit hits S$53.9 million; revenue drops 11% to S$2.1 billion, with only utilities division showing growth By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SEMBCORP Industries’ net profit nosedived 56 per cent in the third quarter, as all its
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    • 316 5  -  A-Reit City Jinqiao will be sold to unit of vanke Property (Hong Kong) Company By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ASCENDAS Real Estate Investment Trust (A-Reit) on Thursday said its manager will sell a business park in Shanghai for a net
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    • 514 5  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FACED with rental pressures, AIMS AMP Capital Industrial Real Estate Investment Trust (AA Reit) posted a 1.8 per cent drop in distribution per unit (DPU) from a year ago to 2.75 Singapore cents for the
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    • 724 5  -  HOCK LOCK SIEW BY R SIVANITHY THIS column on Dec 15,2015, titled “Boosting liquidity: fundamental rethink needed”, stated that it would not be an exaggeration to describe conditions in the local stock market at the time as extremely dire, possibly
      FILE PHOTO  -  724 words
    • 481 6  -  Group reportedly seeking to raise about US$1b from sales of NOL’s container terminals By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Copenhagen CMA CGM has integrated about 20 liner services acquired with Neptune Orient Lines (NOL), even as it reportedly looks to offload terminal
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    • 531 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore PARKWAY Life Real Estate Investment Trust (PLife Reit) has posted an 8.8 per cent drop in distribution per unit (DPU) for the third quarter ended Sept 30 to 3.06 Singapore cents. This is
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    • CORPORATE DIGEST
      • 20 6 WING Tai’s first quarter net profit halved to S$1.06 million from S$2.03 million in the same year-ago quarter.
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      • 32 6 Sunningdale Tech has reported a 35.9 per cent drop in net profit to S$10.2 million for the quarter ended Sept 30, 2016, from the S$15.9 million recorded the year before.
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      • 35 6 CATALIST-LISTED environmental services provider 800 Super Holdings on Thursday said that its wholly owned subsidiary, 800 Super waste Management, has been awarded a S$134 million contract by the Public Utilities Board (PUB).
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      • 43 6 CREATIVE Technology on Thursday posted a narrowing in net loss for its fiscal first quarter as it tightened expenses. Net loss for the three months ended Sept 30, 2016 stood at US$6.2 million, compared to US$13.9 million from a year ago.
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      • 37 6 LOSS-MAKING Kitchen Culture Holdings, which sells kitchen systems, on Thursday said that it intends to seek crowdfunding for a S$2 million non-convertible bond issue that will pay a coupon of 9 per cent per annum.
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      • 29 6 property group Hiap Hoe Ltd on Thursday said that it plans to sell its legal rights to several Cavenagh properties for S$31.1 million to its controlling shareholder.
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      • 32 6 BANKRUPT oil and gas contractor Swiber Holdings cannot pay the next coupon of its S$50 million 6.25 per cent Trust certificates due 2017. The upcoming coupon payment is due Oct 30.
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      • 41 6 Tuan Sing Holdings posted 60 per cent fall in net profit for the third quarter on weaker revenue. Net profit for the three months ended Sept 30, 2016 stood at S$6.43 million, down from S$16.2 million a year ago.
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    • 517 7  -  Alibaba’s stake to be raised to 14.4% from 10.2% now with further investment of S$187.1 million By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore AFTER multiple delays, Chinese e-commerce giant Alibaba’s proposal to raise its stake in Singapore Post (SingPost) to above 14 per
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    • 333 7  -  HOT STOCK By Angela Tan angelat@sph.com.sg Singapore SHARES of ARA Asset Management surged more than 8 per cent on Thursday, a day after it said it would be setting up a fund, ARA Harmony VI, to invest in a
      Source: Bloomberg  -  333 words
    • 465 7  -  For Q2, DPU falls 2.4% to 1.765 Singapore cents; net property income is down 3.2% to S$67.3 million By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore DISTRIBUTION per unit (DPU) for Mapletree Greater China Commercial Trust (MGCCT) for the second quarter, or the three
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    • Article, Illustration
      64 8 STI Catalist Straits Times Index Oct 27, 2016 2,828.94 +0.37 (+0.01%) Current streak 1 day Day high 2,836.96 Day low 2,820.82 52-week high 3,052.53 (Oct 27, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Oct 27,2016 458.65 +4.37 (+0.96%) Current streak 1 day Day high 461.37 Day
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    • 611 8  -  Penny stocks continue to be churned on rotational basis, even as overseas bourses offer little direction STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Thursday drifted to a 0.37 of a point rise to 2,828.94. Volume, which had been weak for
      Source: Bloomberg  -  611 words
    • 306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 xd -1 241/236 257 209 6.4 6656.6 CapitaCom Trust 159.5 +2.5 159.5/156.5 164 127 5.4 4725.3 CapitaLand 312 +1 312/309 340 280 12.5 2.9 *****.7 CapitaMall Trust 209 xd -4 211/208
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    • 35 8 VOLUME Noble 132,219,400 Ezra 76,463,700 HLH Grp 48,411,200 Golden Agri-Res 41,428,000 SunMoon Food 41,040,600 Market volume 1,718,462,000 VALUE Singtel 38,572,122 Ascendas Reit 37,897,777 DBS Grp 37,583,576 UOB 29,782,219 Noble 22,507,986 Market value 745,474,000
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    • 110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 288 +1 261 289/287 311/254 287/288 IS MS INDIA US$ US720 -7 193 723/441 772/441 720/723 90 ABF SG Bond ETF 119 43 119/118.8 120.1/112.1 118.8/119.5 543.2 DBXT MSBrazil US$ US418 -3 29 420/418
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    • 77 8 Oct 27 VALUE CLOSE BT OB/OS -31.00 +226.00 BT CADI -*****.00 +84.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 694.33 +4.84 FTSE ST Small Cap 386.94 +2.11 FTSE ST All Share 699.40 +0.93 FTSE ST China Top 158.39 -0.30 FTSE ST China 194.50 -0.65 FTSE
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    • 36 8 STI FTSE ST All-Share FTSE ST All-Share index Oct 27, 2016 699.40 +0.93 (+0.13%) Current streak 1 day Day high 700.71 Day low 697.38 52-week high 736.92 (Oct 27, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 8 STI MSCI EAFE MSCI EAFE index Oct 26,2016 1,672.41 +1.54 (+0.09%) Current streak 1 day Day high 1,677.41 Day low 1,667.81 52-week high 1,776.71 (Oct 28, 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 6 4 3 1 0 0 7 4 3 Manufacturing 31 25 37 12 7 12 43 32 49 Commerce 18 7 15 7 1 4 25 8 19 Tpt/Stor/Comms 12 3 10
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,304 155 12,459 36,320 26 36,346 Manufacturing 146,265 67,826 214,091 73,592 6,504 80,095 Commerce 233,599 38,709 272,308 94,187 687 94,874 Tpt/Stor/Comms 117,210 695 117,905 80,799 63 80,862 Finance 16,401 1,549 17,950 101,518 265 101,783 Construction
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    • 70 8 BY CENTS CLOSE UP 52w high/low Jardine C&C 4330 72.0 1.7 4520/3131 Great Eastern 2070 29.0 1.4 2332/1940 IS ASIA HYG US$ 1097 16.7 1.1 1116/977 UOB 1894 14.0 0.7 2078/1680 Hotel Royal 388 13.0 3.5 388/280 BY PERCENTAGE CLOSE UP 52w high/low LifeBrandz 0.3 200.0 0.2 0.7/0.1 Serrano
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    • 73 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -118.3 -0.4 *****/***** DBXT ASX200 US$ 3489 -115.5 -2.3 3621/2900 JMH USD 6063 -93.3 -1.1 6371/4500 GLD US$ ***** -69.6 -0.4 *****/***** DBXT E50 US$ 4480 -61.2 -1.0 4862/3918 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -50.0 -0.1
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    • 79 8 VOL CLOSE($) CHANGE Cacola 30,721.6 0.005 +0.002 +66.67 BlackGoldNatural 592.8 0.044 +0.017 +62.96 Singapore-eDev 16,778.7 0.042 +0.010 +31.25 Amplefield Ltd 94.3 0.030 +0.005 +20.00 Wilton Resources 31,980.8 0.081 +0.005 +6.58 Envictus 71.2 0.520 +0.070 +15.56 Eucon^ 40,041.6 0.043 +0.004 +10.26 TMC Education 220.0 0.050 +0.005 +11.11 Serrano 31.0
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    • BROKERS’ TAKE
      • 150 8 Innovalues Ltd Accept the offer Target price: S$1.01 Oct 27 price: S$0.985 DBS Group Research, Oct 27 Accept the offer as current offer of S$1.01 per share is above our fair valuation of the company of 12 times FY17 PE. Innovalues announced a proposed acquisition by PE fund Northstar Equity
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      • 110 8 NeraTel Trading buy Target price: S$0.80 Oct 27 price: S$0.745 RHB Research, Oct 27 Neratel announced that its CEO, Samuel Ang has officially resigned as of Oct 24, 2016. However, he will help to facilitate the transition of leadership for the next 18 months till April 23, 2018. Beck Tong
        110 words
      • 198 8  - Sheng Siong Group Buy Compiled by Andrea Soh Target price: S$1.15 Oct 27 price: S$1.070 OCBC Investment Research, Oct 27 Sheng Siong Group’s 3Q16 results met our expectations. For 9M16, revenue of S$599.7 million and net profit of S$47.3 million formed 74-75 per cent of our full year estimates. 3Q16
        198 words
    • 13 8 DATA I Oct 28 US GDP Price Index US Employment Cost index
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    • 394 9 CURRENCIES REUTERS London SWEDEN’S crown hit a 61/2-year low against the euro on Thursday, after the central bank said the chances of another interest rate cut had increased and it was ready to expand its quantitative easing programme further. The Riksbank has already
      REUTERS  -  394 words
    • FOREX RATES
      • Article, Illustration
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      • 471 9 Oct 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.020 5.171 0.699 5.917 51.033 99.369 0.798 8.710 3.191 1.066 79.936 36.980 1.062 10.632 0.758 24.159 26.777 0.625 0.763 Canada 0.980 5.069
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      • Article, Illustration
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      • 155 9 Oct 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0616 1.0631 0.7627 0.7633 Canadian dollar 1.0409 1.0419 0.7481 0.7478 Euro 1.5186 1.5201 1.0910 1.0914 NZ dollar 0.9962 0.9975 0.7157 0.7162 Sterling pound 1.6992 1.7005 1.2208 1.2209
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      • Article, Illustration
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      • 22 9 Oct 27 S$ Bid Offer 1-month 1.3914 1.3926 2-months 1.3912 1.3924 3-months 1.3912 1.3922 6-months 1.3903 1.3916 Source: OCBC
        22 words
    • EQUITY BONDS WARRANTS FUTURES
      • 209 9 Most active Oct 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ntegrator Intl Ltd W*****3 0.5 0.1 ***** 1 1 3.00 25 Equation Summit LimitedW*****2 0.2 unch 5382 1 1 33 4.50 10 Compact Metal Indus W*****0 0.4
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Oct 26 Index Change Change Change Change Change Change World Preliminary 1304.6 -0.1 2.1 -0.2 0.2 0.0 2.3 EAFE Preliminary 985.5 -0.4 -2.8 -0.2 -4.6 0.1 -2.6 Europe Preliminary 1408.7 -0.5 -0.3
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      • 387 9 Oct 27 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9852.50 9887.50 9805.00 9837.50 *****5 *****4 Nov16 9880.00 9912.50 9837.50 9872.50 *****3 *****8 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar17 *****.00 *****.00 *****.00 *****.00 436 4525 MSCI TAIWAN
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    • BANK RATES
      • 154 9 Oct 27 $S Offer Bid 0vernight 0.05 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ 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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      • 69 9 Oct 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.72 105.74 105.70 5-Year N*****0Z 1.250 01-Oct-21 99.66 99.77 99.70 10-Year NX*****F 2.125 01-Jun-26 102.3 102.73 102.35 15-Year NZ*****F 2.875 01-Sep-30 108.4 109.00 108.40 20-Year NZ*****X 2.250 01-Aug-36 99.62
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    • AGRI METALS ENERGY
      • 250 9 Oct-26 Price Net change change Last Trade Agricultural Oct-26 CBOT Soybeans (US cents/bu) 1010.00 19.25 1.94% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.72 -0.08 -0.22% 14/12/2016 CBOT Wheat (US cents/bu) 411.50 7.25 1.79% 14/12/2016 Oct-26 LIFFE Cocoa (£/tonne) 2277.00 14.00 0.62% 13/12/2016 LIFFE Coffee (US$/tonne) 2154.00 1.00 0.05%
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    • 1649 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 127 AIMSAMP Cap Reit 138cd -1 519 139.5 138 0.9 8.2 879.5 LOW 146 101 ARA Asset Mgmt 146 +11 2573 146
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    • 305 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net 0.6 0.1 t Advanced Systems 0.3 unch 200 0.4 0.3 7.9 46.5 29.5 t Advancer Global 38 -0.5 93 38.5 38 15.1 65.8 LOW 16.2
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    • 124 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3116 -39 6 3142 3116 8.6 422 190 DBXT MSBrazil US$ US418 -3 29 420 418 Low 6041 4629 DBXT MSKorea US$
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  • Page 5 Advertisements
    • 129 5 The inaugural Singapore FinTech Festival will bring together leaders from the global financial community and key players in the FinTech ecosystem to explore cutting-edge innovations that are transforming financial services. Comprising a series of exciting events spanning one full week, the specially curated conferences and networking platforms will offer a
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  • Page 7 Advertisements
    • 880 7 EU YAN SANG INTERNATIONAL LTD (UEN/Company Registration No. *****2179H) (Incorporated in the Republic of Singapore) NOTICE OF EXPIRY OF WARRANTS W*****8 TO: ALL HOLDERS OF THE W*****8 WARRANTS TO SUBSCRIBE FOR NEW SHARES IN EU YAN SANG INTERNATIONAL LTD (THE “COMPANY”) THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.
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  • Page 10 Advertisements
    • 129 10 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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  • BANKING & FINANCE
    • 486 12 Over 200,000 Big Four bank customers to be refunded at least A$178m for financial advice which wasn’t provided REUTERS Sydney AUSTRALIA’S corporate regulator says the country’s Big Four banks will have to repay at least A$178 million (S$ 190 million) to more than
      REUTERS  -  486 words
    • 461 12 REUTERS London BARCLAYS reported a forecast-beat-ing bounce in third-quarter profits to £1.7 billion (S$2.9 billion) on Thursday, as it followed US peers in reporting a bumper quarter for its investment banking business. The British bank’s group pretax profits for the three
      REUTERS  -  461 words
    • 514 12 Quarterly profit still fails to dispel the uncertainty that led clients to withdraw billions of euros REUTERS Frankfurt DEUTSCHE Bank (DB) chief John Cryan pledged on Thursday to redouble restructuring efforts, warning that the bank faces tough times as
      REUTERS  -  514 words
  • Page 12 Advertisements
    • 66 12 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 29 October 2016 to find out more! Grab 5 mo IIWOUIT! 6
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  • ENERGY & COMMODITIES
    • 766 13 While cutting output will stop a further expansion, it will curb existing excess by just 11% next year BLOOMBERG London EVEN if Opec (Organization of the Petroleum Exporting Countries) defies a sceptical market by implementing output cuts in full, it still
      BLOOMBERG  -  766 words
    • 508 13 BLOOMBERG Hong Kong CNOOC Ltd, China’s biggest offshore oil and gas producer, posted a 15 per cent fall in third-quarter sales as output declined with capital spending. Shares led declines among energy companies in Asia on Thursday. Revenue from oil and natural
      BLOOMBERG  -  508 words
  • Page 13 Advertisements
    • 107 13 rril Singapore i3t3.D Savings Bonds Website: www.sgs.gov.sg/savingsbonds/ Hotline: 6221 3682 THE MONETARY AUTHORITY OF SINGAPORE RESULTS OF AUCTION OF TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TO BE ISSUED ON 01 NOVEMBER 2016 Tenor Total Amount Allotted Amount Allotted to Non-Competitive Applications Amount Allotted to MAS Total Amount Applied Coupon Rate Cut-off
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    • 1376 13 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 IN
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    • 966 13 LEY CHOON GROUP HOLDINGS LIMITED (Incorporated in Republic of Singapore) (Company Registration Number: *****0318G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 14 November 2016 at 9.00 a.m. at No. 3, Sungei Kadut Drive, Singapore *****6, for
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  • TECHNOLOGY
    • 760 14 Beleaguered mobile unit will focus on regaining consumer confidence, says company AFP Seoul SAMSUNG heir apparent JY Lee took a major step towards control of the fam-ily-run conglomerate on Thursday, joining the board as the company reported a 30
      AFP; PHOTO: REUTERS  -  760 words
    • 590 14 It also offers free upgrade to Windows 10 operating system allowing edits using 3D simulations REUTERS New York MICROSOFT Corp on Wednesday unveiled its first-ever desktop computer and a free upgrade to its Windows operating system that allows edits using 3D simulations, in hopes
      REUTERS; PHOTO: REUTERS  -  590 words
    • 433 14 BLOOMBERG New York SNAPCHAT will seek to raise as much as US$4 billion in its planned initial public offering (IPO), according to people familiar with the matter. The IPO could value Snapchat at about US$25 billion to US$35 billion,
      BLOOMBERG  -  433 words
    • 437 14 BLOOMBERG Stockholm NOKIA Oyj has reported a smaller drop in third-quarter sales than analysts predicted, helped by demand for broadband-network equipment gained through its acquisition of Alca-tel-Lucent SA. Sales fell about 6 per cent on a pro-forma basis to 6 billion
      BLOOMBERG  -  437 words
    • 529 14 BLOOMBERG New York IBM chief executive officer Ginni Rometty sees proprietary data combined with artificial intelligence (AI) technology as the competitive advantage for companies going forward. When International Business Machines Corp works with clients, it trains a unique version of its artificial intelligence technology,
      BLOOMBERG  -  529 words

  • Page 15 Advertisements
    • 174 15 Chil^ 201 63K Come indulge in an evening of dreams and aspirations as we share stories of our beneficiaries and young talents living their dreams and making a difference to the lives of others. ]iVxTL| In aid of The Straits Times School Pocket Money Fund The Business Times Budding Artists
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  • REAL ESTATE
  • Page 16 Advertisements
    • 301 16 Notice of Appointment of a Liquidator Under Section 204 of the BVI Business Company Act HARBOUR RIGHT DEVELOPMENT LIMITED 港 (In Voluntary Liquidation) Company No. *****47 NOTICE is hereby given pursuant to Section 204, subsection (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation.
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    • 317 16 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 NOTICE
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    • 102 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ANTWERP DIAMOND BANK ASIA PACIFIC LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****5737E) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held
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    • 184 16 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF POLYTECHNIC INVESTMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) SINGAPORE UEN NO. *****1056W NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 1 GOLDHILL PLAZA,
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    • 349 16 In the matter of the Companies Act (Chapter 50) And In The Matter Of First Equity Pte Ltd (In Liquidation) (Company Registration No. *****5177H) (Companies Winding Up No. 168/2014) NOTICE OF MEETING OF CREDITORS Notice is hereby given that a meeting of creditors of the abovenamed Company will be held
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    • 292 16 In the matter of the Companies Act, Cap 50 And In the Matter of EMTEC Asia Pte Ltd (In Creditors’ Voluntary Liquidation) (Company Registration No. *****5930D) NOTICE OF CREDITORS’ MEETING Notice is hereby given that a meeting of creditors of the abovenamed Company will be held at 600 North Bridge
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  • Page 17 Advertisements
    • 290 17 D04 HOUSE FOR SALE SENTOSA COVE 2~6pm: Sea view Sentosa 1) Land 7300 sqft 4+1 Luxurious 2) Land 7850 sqft 5+1 Beautiful. Ricky *****062 *****592 D10 HOUSE FOR SALE VICTORIA PARK VILLAS GCB locale! Brand new Semi-Ds Bungalows 2 storey with basement and attic. Lift. Pool. Special discount! 5/6 bdrms
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    • 727 17 D19 HOUSE FOR SALE SERANGOON GARDENS View Sat/ Sun. New Detached House. Serangoon Gardens. Land 4200/ 6080 sqft. 2.5 storey Basement Lift Pool. Lynn Quek 9639 1533 PropNex. Visit SRX.com.sg/code-4087 D01 APARTMENT FOR SALE SHENTON Super Cheap! High Rental Yield! Sea View. Near 5 MRTs, Mall, Future Waterfront City. 1
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  • CONSUMER
  • Page 18 Advertisements
    • 534 18 NOTICES FORM 69 (3) (Rule 91 and 101) NOTICE OF INTENDED FIRST AND FINAL DIVIDEND IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF DEALGURU HOLDINGS PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****0783W Name of Company Dealguru Holdings Pte. Ltd. Address of
      534 words
    • 290 18 LIBRA SHIPPING PTE. LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****4166C (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Chapter 50, that a Final Meeting of the Members of the above named Company will be
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  • GOVERNMENT & ECONOMY
    • 496 19 Responding to the breakthrough, Ottawa says there remains work to do to get a deal signed BLOOMBERG ,REUTERS ,REUTERS Brussels BELGIUM reached a deal with the country’s regional parliaments to approve a trade agreement between the European Union (EU) and
      BLOOMBERG ,REUTERS; ,REUTERS  -  496 words
    • 377 19 LATEST US DATA REUTERS, BLOOMBERG Washington NEW orders for US manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an acceleration in business spending in the fourth quarter. The Commerce Department
      REUTERS,; BLOOMBERG  -  377 words
    • 366 19 BLOOMBERG Beijing CHINA’S ruling party declared President Xi Jinping as its “core”, a designation that strengthens his hand ahead of twice-a-decade power reshuffle next year. The announcement was made at the end of a four-day Communist Party conclave in Beijing,according to
      BLOOMBERG  -  366 words
    • 584 19 REUTERS Yokohama PHILIPPINE President Rodrigo Duterte said on Thursday his country could join naval exercises with Japan, but repeated there would be no more war games with long-time ally the US and again gave vent to his anger against Washington. Mr Duterte
      REUTERS; PHOTO: REUTERS  -  584 words
    • 386 19 BLOOMBERG London THE UK economy slowed less than economists forecast in the quarter after the Brexit vote because of a surge in services, providing ammunition for critics of those who warned of a possible fallout before the referendum. The 0.5 per cent expansion was
      BLOOMBERG  -  386 words
  • Page 19 Advertisements
    • 206 19 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
      206 words
    • 25 19 Reach for your dreams Get inspired by Joseph Schooling’s story. For big and little kids. NOW AVAILABLE On sale at all major bookstores and www.stpressbooks.com.sg
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    • 31 19 SPREADING DEEPAVALI JOY Lighting Hearts, Lighting Homes reaches out to needy families HE TRAINS MARKETERS TO BE FUTURE READY GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • TRANSPORT
    • 605 20 Carmaker expects to get through the year without raising cash as it prepares to buy money-losing SolarCity BLOOMBERG San Francisco TESLA Motors Inc posted an unexpected profit and said it expects to get through the rest of the year without raising cash, easing
      BLOOMBERG  -  605 words
    • 482 20 AFP Laguna Beach, united States FRESH from forcing Uber to back down in China, ride-sharing king Didi Chuxing plans to put what it knows to work in other parts of the world. “We aspire to be a global company; we think it’s
      AFP; PHOTOS: REUTERS  -  482 words
    • 387 20 REUTERS New York BOEING Co on Wednesday beat profit expectations in the third quarter as cost-cutting offset declining revenue at the world’s biggest planemaker. Boeing also said that it would deliver more commercial planes than originally planned for the year and
      REUTERS  -  387 words
  • Page 20 Advertisements
    • 67 20 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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  • Page 21 Advertisements
    • 1966 21 C a i l a n B r i s b a n e E n n o 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 NYK RORO (ASIA) PTE. LTD. n
      1,966 words
    • 244 21 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 178 TTS073 29/10/2016 30/10/2016 Tebing Tinggi/Jambi DAILY Marco Polo 296 PRW021 29/10/2016 30/10/2016 Perawang/Perawang DAILY Marco
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  • OPINION
    • 589 22 EDITORIAL THE recent headlines surrounding Singapore’s depressed labour market situation have not made for pretty reading. There are more reports these days about companies big and small conducting layoffs in large numbers as profits and revenue tumble amid the current
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    • 806 22  -  THE BOTTOM LINE By Robert J Samuelson and maybe, that’s the point. THE WASH INGTON POST WRITERS GROUP Washington WHERE are living standards the highest? You might think that’s an easy question to answer. Just take a country’s total income (in the
      – and maybe, that’s the point. THE WASH INGTON POST WRITERS GROUP  -  806 words
    • 1304 22  -  If elected president, she’s expected to step up military action to deter Assad, Russian forces By Leon Hadar Washington UNLESS Donald J Trump makes the most stunning political comeback in the history of American presidential campaigns, pundits at home and abroad will
      PHOTO: REUTERS  -  1,304 words
    • 1043 23  -  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 THIS week marks the fifth anniversary of the end of the more than 40-year Libyan regime
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    • 886 23  - The bitcoin lesson for banks: come to terms with digital payment networks or else By Glen Williams, Thomas Olsen T Glen Williams and Thomas Olsen are partners at Bain Company and leaders in Bain’s Financial Services practice, based in London and Singapore respectively THE systems the world uses for transferring
      886 words
    • 1101 23  -  Experience at Maybank, SGH offers insights on what’s needed to develop a multi-generational and inclusive workforce By Roslyn Ten T The writer is general manager at Tripartite Alliance for Fair Progressive Employment Practices SINGAPORE was commended recently by Rosa Kornfeld-Matte, a United Nations
      PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  1,101 words


  • BT Lifestyle
    • 2086 24  -  The Singapore International Film Festival (SGIFF) has always been a boon for local cinephiles and the 27th edition with over 130 screenings and public programmes remains as eclectic as ever with everything from a surreal Malaysian noir-fantasy thriller to a dark Singapore drama that wowed
      PHOTO: DANNY LIM (C) APPARAT 2016; PHOTO COURTESY OF JOSEPH NAIR & AKANGA FILM ASIA; PHOTOS : MDA; PHOTOS: 27TH SGIFF  -  2,086 words
  • Page 24 Advertisements

  • ARTS
    • 851 25  -  The country’s biggest contemporary art show, the Singapore Biennale, returns with its most coherent vision yet. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT THERE are old ghosts haunting the various spaces of the just-opened Singapore Biennale. Grief and pathos run through many of the works
      PHOTOS: HELMI YUSOF  -  851 words
    • 385 25  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT DRAMATIC soprano Kathleen Parker is a relative unknown on the world opera scene. But here’s predicting her star will rise confidently as her vocals did at Tuesday’s staging of Wagner’s The Flying Dutchman. The fresh-faced Australian singer is the undeniable star of
      PHOTO: TAN NGIAP HENG  -  385 words
    • 424 25  -  By Cheah Ui-Hoon uihoon@sph.com.sg MIKHAIL Baryshnikov once hailed the Batsheva Dance Company dancers as “the best dancers in the world” and Singapore saw why, when the Tel Aviv-based company performed its acclaimed Deca-dance here in the Esplanade’s Da:ns Festival. Deca-dance is a collage of works
      PHOTO: MAXIM WARATT  -  424 words

  • REVIEWS/ENTERTAINMENT
    • 637 26  -  Doctor Strange entertains with eye-popping special effects, sharp narrative and ample dose of humour. BY GEOFFREY EU BY GEOFFREY EU MARVEL’S cinematic universe has yielded some strange fruit before but an origins story about an egotistical neurosurgeon who is crippled in a car accident and
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    • 573 26  -  By Geoffrey Eu TWO desperadoes rob a small-town bank in West Texas early one morning, then drive to a nearby town and repeat the deed. The early bird catches the extra worm, it seems: by hitting banks at opening time and taking only small-denomina-tion bills
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    • 634 26  -  By Avanti Nim avantin@sph.com.sg KEVIN Mathews might be 55 years old, but he’s certainly not afraid of technology. “I’m no Luddite,” he laughs during a phone interview with BT Lifestyle. In fact, the founding member of one of Singapore’s most iconic musical acts, Watchmen,
      FILE PHOTO  -  634 words
  • Page 26 Advertisements
    • 30 26 2If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars?
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  • Page 26 Miscellaneous
    • 320 26 CRYPTIC CROSSWORD Across 1 Current group of pupils split by ability (6) 5 Refusal to acknowledge sweeper out of form (5-3) 9 Undue rushing from rain, perhaps (13) 10 Butter up easily hurt cleaner (4-4) 11 Eradicating right to go relaxing (6) 12 Muggy day clinched the sale? (6) 14
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  • FOOD/DESIGN
    • 1820 27  -  Get your hands on Japanese fruits and vegetables, Australian red meats and freshly-baked desserts without leaving your house. BY TAY SUAN CHIANG taysc@sph.com.sg @TaySuanChiangBT Hand-picked goodness from Japan Chitose Agriculture initiative www. cai-sg. com LOVE the crunchy and clean-tasting apples from Aomori, or the
      1,820 words
    • 346 27  -  By Avanti Nim avantin@sph.com.sg TIFFANY CO might be the first brand many people think of when they are in the market for an engagement ring, but not many realise its watchmaking legacy and expertise is just as legendary as its jewellery. Since the 19th century, it has
      346 words

  • DINING OUT/WINE
    • 873 28  -  Plentyfull shows what healthy, honest cooking can be but doesn’t gather all the elements into a cohesive whole. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Plentyfull 9 Raffles Boulevard #01-79/80 Millenia walk Tel: 6493 2997 Open Mon to Fri: 8am to 10pm; Sat and
      PHOTOS: JAIME EE  -  873 words
    • 951 28  -  By NK Yong T The writer is involved in the distribution of Becker‘s wines RED burgundy is like the holy grail for wine lovers. (Some might call it a bug once bitten, you are smitten!) Comparing pinot noirs from different regions provides for a
      PHOTOS: NK YONG  -  951 words

  • MOTORING
    • 710 29  -  The limited edition McLaren 675LT is a track-focused model which even the novice driver can appreciate. BY SAMUEL EE samuelee@sph.com.sg MCLAREN’S naming convention for its cars is manifestly easy to understand, given that the numerals, for example in the McLaren 650S, refer to the maximum power. But when
      710 words
    • 603 29  -  By Samuel Ee samuelee@sph.com.sg THE six-cylinder engine returns to the Lexus GS line-up and it couldn’t be sooner for Lexus diehards and other enthusiasts. When the fourth-generation GS was introduced four years ago, it debuted with a 2.5-litre V6. But the GS250 was later replaced by the
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