The Business Times, 10 November 2016

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Total Pages: 29
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 GThursday, November 10, 2016
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  • Article, Illustration
    234 1 Parliament passes the proposed Elected Presidency changes, with 77 Members of Parliament giving their support to the Constitutional Amendment Bill. TOP STORIES 6 The Category A COE premium rises S$1,677 to S$52,668 in the first bidding exercise for the quota period from November 2016 to January 2017. TOP
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  • 1068 1  -  But initial knee-jerk reaction gives way to a cautious recovery after his victory speech calms jitters By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE selling began timorously on Wednesday morning. Was consensus that far off the mark? But as count after count began to
    Source: Bloomberg  -  1,068 words
  • 1078 1  - Raising a middle finger to the elites and the world COMMENTARY By Leon Hadar btworld@sph.com.sg Washington THEY speculated that he was trying a new way to market his brand when he mentioned that he was thinking of running for president. They pronounced it “a joke” when he announced that he
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  • 27 1 Wednesday Change STI 2,789.88 -30.36 KL Comp 1,647.62 -16.20 Nikkei 225 16,251.54 -919.84 Hang Seng 22,415.19 -494.28 Shenzhen B 1,156.43 -8.42 Dow (9.45am EST) 18,334.86 +2.12
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  • Page 1 Advertisements
    • 61 1 *****1 *****1 THE BUSINESS TIMES HARRY WINSTON TIMEPIECES life THE HOURGLASS 270 ORCHARD ROAD #01-01 KNIGHTSBRIDGE SINGAPORE *****7 +65 6884 8484 ss H W 1954 Project Z' RCHARD ROAD #01-12 ASHIMAYA S.G. SINGAPORE *****2 +65 6733 0618 ""'€P a II A R R Y W I N S T O
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    • 30 1 HOCK LOCK SIEW Fancy pork floss bun or beer business? COMPANIES MARKETS 8 BREXIT Supreme Court to decide whether Parliament can vote on Brexit and single market GOVERNMENT ECONOMY 24
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    • 12 1 FCL Frasers Centrepoint Ltd to expand footprint in secondary markets COMPANIES MARKETS/11
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  • TOP STORIES
    • 209 2 The Americans have given Donald John Trump a strong mandate to lead, as the billionaire overcomes the odds at the eleventh hour with a sweeping victory over opponent Hillary Clinton to become the 45th President of the United States. BT Infographics Photos: AFP Source: AFP, Reuters,
      Photos: AFP; Source: AFP, Reuters, CNN; BT Graphics: Hyrie Rahmat  -  209 words
    • 644 2  -  Mexican peso’s early crash a bet that Trump would carry out his threats to militarise border with neighbour By Rob Curran btworld@sph.com.sg THE US election outcome has thrown the world into the void of the unknown and stocks into a
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    • 512 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong says American voters have elected a president whom they feel best represents them, and Singapore “fully respects” their choice. On his Facebook page shortly after Republican candidate Donald Trump’s
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    • 657 2  -  AmCham says its top priority is to explain the merits of TPP to the new Trump administration By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AN election-watch party held at the Conrad Centennial hotel for some 800 members of Singapore’s
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    • 734 4  -  Tokyo officials run meetings on possible interventions to calm market, and brokers are said to have cash buffers US ELECTIONS By Anthony Rowley btworld@sph.com.sg Tokyo WILDLY gyrating prices gave an initial impression of shock bordering on panic in Tokyo on
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    • 882 4  -  COMMENTARY By Kelvin Tay T The writer is regional chief investment officer, Southern APAC, UBS Wealth Management. Singapore IT’S like waking up to a bad dream. Defying the odds, Republican Donald Trump has won the race for the White House,
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    • 662 6  -  All six MPs from the opposition WP vote against the Bill. DPM Teo says Bill doesn’t leave multiracialism to chance ELECTED PRESIDENCY By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore PARLIAMENT on Wednesday passed the proposed changes to the Elected Presidency, with 77 Members of
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    • 437 6  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore LAW and Home Affairs Minister K Shanmugam on Wednesday slammed the Workers’ Party’s (WP) proposed Elected Senate to safeguard Singapore’s reserves and approve key appointments as “flawed” and “unworkable”. He said the
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    • 1039 6  -  US ELECTIONS: COMMENTARY by Joseph Chinyong Liow T The writer is dean and professor of comparative and international politics, S Rajaratnam School of international Studies, Nanyang Technological University. He was the inaugural Lee Kuan Yew
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    • 394 6  -  By samuelee@sph.com.sg Samuel Ee samuelee@sph.com.sg Singapore STOCK markets may have plunged on Wednesday but Certificate of Entitlement (COE) premiums did not. In the first bidding exercise for the new quota period from November 2016 to January 2017, Category A for cars below 1,600cc or 130 hp
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 68 4 JAMES TAYLOR HIS ALL-STAR BAND IN CONCERT 1 21 -aiJO! 8PM 1 THE STAR THEATRE f mm S$98, S$188, S$228, S$268, VIP BOX $288 $4 BOOKING FEE) w www.sistic.com.sg Hotline: +65 6348 5555 =03* Available at all SISTIC outlets JAMESTAYLOR.COM Q JamesTaylor LIVENATIONLUSHINGTON.NET um LiveNationLushingtonSG Q LNLushSGl [lTve nBTiorr I
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  • Page 5 Advertisements
    • 331 5 as an add Today, a heritage district rich in culture and Eastside charm, close to fascinating shops offering traditional wares, delectable cuisines and more. Tomorrow, an accessible precinct with best-in-class workspaces and exclusive residences ingeniously integrated with lifestyle amenities and green spaces. Paya Lebar Quarter is set to be one
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  • Page 6 Advertisements
    • 413 6 NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION For the period from 1 April 2016 to 30 September 2016 4 ascendas Hospitality Trust A stapled group comprising: ASCENDAS HOSPITALITY REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 13 March 2012 under the laws of the Republic
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  • Page 7 Advertisements
    • 1821 7 Advertisement □THAN Disrupting Class with CLaaS On Demand Learning and Mentoring Platform for Digital Skills Acceleration As Singapore moves towards the next phase of development towards an advanced economy and inclusive society, it has identified Skills, Innovation, and Productivity as key drivers. Mr. Leslie Loh, Founder CEO of Lithan, explains
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  • COMPANIES & MARKETS
    • 702 8  -  A few brand-name consumer turnaround stocks on the SGX are or will be taken private, but there are some other listed ones worth looking into HOCK LOCK SIEW BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT ONE lesson worth noting in 2016 is that a Singapore-listed
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    • CORPORATE DIGEST
      • 82 8 MALAYSIAN cleanroom glovemaker Riverstone Holdings’ net profit for the third quarter dropped 15.6 per cent to RM29.8 million (S$9.8 million) from the year-ago period, despite revenue climbing 10.9 per cent to RM167 million. Earnings per share fell to 4.19 sen from 9.52 sen in the preceding year, while
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      • 95 8 RAFFLES Education Corporation posted a net loss of S$1.7 million for the third quarter ended Sept 30, compared with a net profit of S$867,000 in the previous year. Revenue sank 14.8 per cent to S$24.8 million. It posted a loss per share of 0.18 Singapore cent for the
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      • 47 8 FRAGRANCE Group posted an 88.8 per cent decline in third-quarter net profit to S$3.1 million. Turnover was down by 48.5 per cent to S$33 million mainly on decreased revenue contribution from the property development segment. Earnings per share was 0.05 cents compared to 0.41 cents.
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    • 535 8  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) is postponing plans to launch a new route linking Singapore, Jakarta and Sydney due to runway maintenance works at Jakarta’s Soekarno-Hatta International Airport. SIA was initially due to commence the three-times-weekly flights on Nov 23
      PHOTO: SPH FILE  -  535 words
    • 760 8 SPECIAL FEATURE TECHNOLOGY is empowering primary school students to manage their pocket money and at the same time inculcate the habit of saving while allowing parents to monitor and top up their allowances remotely. Called the POSB Smart Buddy, it has been
      PHOTO: POSB  -  760 words
    • 752 10  -  Group will be handing over 9,800 sold residential units with a total value of 14b yuan from Q4 onwards By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore CAPITALAND is set to make a strong showing for the fourth quarter from its China residential
      PHOTO: SPH FILE  -  752 words
    • 791 10  -  Just eight individuals representing 65% of notes issued show up By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore A noteholders’ meeting seeking consent for the restructuring of S$100 million in medium-term notes on the books of Rickmers Trust Management Pte Ltd was adjourned after
      PHOTO: SPH FILE  -  791 words
    • 544 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A HIGHER contribution from a hotel in Japan and the strengthening of the Japanese yen against the Singapore dollar gave a boost to second-quarter earnings of hotel landlord Ascendas Hospitality Trust (A-H Trust),
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    • 1400 11 There are plenty of opportunities for foreign investment in Myanmar as it opens up, but challenges await Special feature brought to you by PwC Strategy in Action AFTER decades of economic isolation, the introduction of democratic and economic reforms by the previous U Thien Sen government
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    • 846 11  -  FY16 net profit slipped 22.6% to S$597.2m on lower contributions from Singapore, Australia By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN search of greater diversification, Frasers Centrepoint Limited (FCL) is looking to expand its overseas footprint in its “secondary markets” such as the Indochina
      PHOTO: SPH FILE  -  846 words
    • 131 11 BLOOMBERG London FULLERTON Fund Management Co, the Singapore-based asset manager backed by Temasek Holdings, said chief executive officer Manraj Sekhon has left the firm. The decision was announced by the Fullerton board on Nov 8 and is with immediate effect, the investment firm
      BLOOMBERG  -  131 words
    • 285 11  -  By Samuel Ee samuelee@sph.com.sg Singapore VICOM’S net profit for the third quarter ended Sept 30 fell 7.9 per cent to S$6.80 million as revenue inched up 0.1 percent toS$25.41 million. Vicom is a unit of land transport giant ComfortDelGro. It provides vehicle inspection
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    • Article, Illustration
      65 12 STI Catalist Straits Times Index NOV 9, 2016 2,789.88 -30.36 (-1.08%) Current streak 1 day Day high 2,838.26 Day low 2,760.97 52-week high 2,997.72 (NOV 9, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index NOV 9, 2016 456.59 -4.00 (-0.87%) Current streak 2 days Day high 464.88
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    • 80 12 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 461.4 1.6 *****/***** GLD US$ ***** 147.3 0.9 *****/***** Lyxor Nasdaq US$ 1908 65.3 2.5 1930/1557 Lyxor US DJIA US$ 1868 45.9 1.8 1868/1573 DBXT S&P Short US$ 1994 37.5 1.4 2362/1930 BY PERCENTAGE CLOSE UP 52w high/low Magnus
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    • 76 12 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -518.4 -2.9 *****/***** DBXT MSUSA US$ 5347 -232.1 -3.0 5660/4705 DBS Bk 4.7% NCPS ***** -190.0 -1.8 *****/***** DBXT MSJAP US$ 4893 -176.5 -2.5 5110/4031 JMH USD 5699 -168.2 -2.1 6371/4500 BY PERCENTAGE CLOSE DOWN 52w high/low Charisma Energy
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    • 81 12 VOL CLOSE($) CHANGE M Development 6,500.7 0.004 +0.001 +33.33 Transcorp 185.3 0.054 -0.008 -12.90 ARA Asset Mgt 23,893.5 1.705 +0.210 +14.05 AEM 542.7 0.585 +0.095 +19.39 Dyna-Mac 36,889.3 0.178 +0.014 +8.54 NeraTel 10,392.0 0.685 -0.090 -11.61 BH Global 28.8 0.275 +0.045 +19.57 Next-Gen Sat 2,650.2 0.003 +0.001 +50.00
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    • 698 12  -  ST Index tumbles 50 points and Dow futures plunge 700 points, but short covering limits local index’s loss to 30.36 pts at the close STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE local stock market suffered a heavy blow on Wednesday as Donald Trump arguably unexpectedly
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    • 307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 unch 236/229 257 209 6.6 6554.7 CapitaCom Trust 155.5 unch 160.5/153 164 127 5.5 4608.2 CapitaLand 303 -3 309/298 340 280 12.1 3 ***** CapitaMall Trust 202 +2 203/198 225 185
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    • 34 12 VOLUME Noble 388,927,900 KrisEnergy 86,495,200 Super Group 75,173,500 Spackman 69,247,000 Yuuzoo 68,508,100 Market volume 2,736,465,000 VALUE DBS Grp 158,747,748 Global Logistic 137,919,122 UOB 131,840,676 Singtel 101,494,507 Super Group 94,326,684 Market value 1,842,772,000
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    • 109 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 284 -4 2570 289/281 306/254 284/286 IS MS INDIA US$ US704 -9 540 712/668 772/441 707/710 88 DBXT MSBrazil US$ US405 -7 235 414/400 422/190 399/407 Nikko AM STI ETF 289 -4 146 293/286
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    • 77 12 Nov 9 VALUE CLOSE BT OB/OS -221.00 -94.00 BT CADI -*****.00 -182.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 687.74 -1.80 FTSE ST Small Cap 386.26 -4.02 FTSE ST All Share 690.59 -7.05 FTSE ST China Top 158.64 -2.18 FTSE ST China 195.88 -2.75 FTSE
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    • 36 12 STI FTSE ST All-Share FTSE ST All-Share index NOV 9, 2016 690.59 -7.05 (-1.01%) Current streak 1 day Day high 701.06 Day low 683.50 52-week high 726.74 (NOV 9, 2015) 52-week low 625.37 (Jan 21, 2016)
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    • 33 12 STI MSCI EAFE MSCI EAFE index NOV 8,2016 1,652.93 +5.18 (+0.31%) Current streak 2 days Day high 1,655.66 Day low 1,646.37 52-week high 1,757.35 (NOV 19, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 13 1 0 1 0 1 14 1 Manufacturing 23 48 21 4 12 14 27 60 35 Commerce 11 24 10 1 6 2 12 30 12 Tpt/Stor/Comms 3 20 4
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    • 128 12 SECURITIES TRADING TURNOVER VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,036 146 23,182 71,654 25 71,679 Manufacturing 267,613 140,550 408,163 233,582 6,151 239,734 Commerce 492,236 24,077 516,313 165,329 374 165,703 Tpt/Stor/Comms 147,468 475 147,943 239,225 42 239,267 Finance 64,829 878 65,707 436,246
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    • BROKERS’ TAKE
      • 188 12 Nov 9 close: S$2.04 Target price: s$2.37 OCBC Investment Research, Nov 9 GLP reported that its Q2 FY2017 profit after tax and minority interests (Patmi) increased 52 per cent to US$173 million mainly due to increased contributions from the group’s fund management platform. Specifically, we understand
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      • 76 12 Nov 9 close: S$1.30 Target price: S$1.32 Phillip Securities Research, Nov 9 FIRST Reit is riding on the sponsor’s expansion of hospital networks in Indonesia amidst the growth in healthcare demand and need for a capital recycling vehicle. We have factored in yearly acquisitions in our valuations
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      • 173 12  -  Compiled by Claire Huang UOB Kay Hian, Nov 9 MERGERS and acquisitions (M&A) continue to be in play after the spate of privatisation. Other than privatisation candidates, we highlight companies with potential accretive acquisitions that could pique investors’ interest. We see upside in the likes of Singapore
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    • 9 12 DATA I Nov 10 US initial jobless claims
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    • 417 13 CURRENCIES REUTERS London THE US dollar, Mexican peso and world stocks fell on Wednesday as Donald Trump swept to victory in the US presidential election, but fears of a Brexit-style shock that wiped trillions off global markets have failed to materialise. European
      REUTERS  -  417 words
    • FOREX RATES
      • Article, Illustration
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      • 471 13 Nov 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.027 5.200 0.691 5.953 51.007 100.710 0.795 8.796 3.242 1.049 80.357 37.366 1.067 10.326 0.747 24.127 26.787 0.619 0.768 Canada 0.974 5.064
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      • Article, Illustration
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      • 155 13 NOV 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0668 1.0678 0.7676 0.7679 Canadian dollar 1.0389 1.0399 0.7478 0.7475 Euro 1.5449 1.5460 1.1116 1.1118 NZ dollar 1.0169 1.0180 0.7317 0.7321 Sterling pound 1.7225 1.7246 1.2394 1.2403
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      • 22 13 Nov 9 S$ Bid Offer 1-month 1.3894 1.3903 2-months 1.3892 1.3900 3-months 1.3890 1.3898 6-months 1.3883 1.3895 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 206 13 Most active Nov 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.4 -0.1 ***** 1 1 27 2.75 9 FTSEChinaA50 ***** MBeCW*****9 7.7 -0.7 8404 0.0 1 FTSEChinaA50 9500 MBePW*****9 8.1 0.4 7043 0.0 1
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      • 377 13 In local curr In S$ In US$ dy yr dy yr dy yr Nov 8 Index Change Change Change Change Change Change World Preliminary 1293.0 0.3 1.2 0.2 -0.4 0.3 1.7 EAFE Preliminary 966.9 0.3 -4.6 0.2 -5.7 0.3 -3.7 Europe Preliminary 1380.7 0.3 -2.3
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      • 399 13 Nov 9 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Nov16 9995.00 *****.50 9737.50 9925.00 *****9 *****2 Dec16 *****.50 *****.50 9755.00 9930.00 9774 8330 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 *****7 *****3 Mar17 *****.00 *****.00 *****.00 *****.00 1033 4690 MSCI TAIWAN
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    • BANK RATES
      • 154 13 Nov 9 $S Offer Bid 0vernight 0.03 Par 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: N.A. US$ Offer Bid 7 days 0.55 0.45 1 month 0.65 0.55 2 months 0.85 0.65 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12
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      • 69 13 Nov 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.64 105.66 105.64 5-Year N*****0Z 1.250 01-Oct-21 99.85 99.99 99.85 10-Year NX*****F 2.125 01-Jun-26 101.59 102.05 101.20 15-Year NZ*****F 2.875 01-Sep-30 106.6 106.90 105.70 20-Year NZ*****X 2.250 01-Aug-36 97.38
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    • AGRI METALS ENERGY
      • 250 13 Nov-8 Price Net change change Last Trade Agricultural Nov-8 CBOT Soybeans (US cents/bu) 1001.75 12.50 1.26% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.31 0.52 1.49% 14/12/2016 CBOT Wheat (US cents/bu) 415.25 5.25 1.28% 14/12/2016 Nov-8 LIFFE Cocoa (£/tonne) 2064.00 19.00 0.93% 13/12/2016 LIFFE Coffee (US$/tonne) 2142.00 -109.00 -4.84%
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    • 1841 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net 147 107 AIMS Property 147 unch 9 147 147 1.7 53.1 149 127 AIMSAMP Cap Reit 135 +0.5 324 135 134 0.9 8.4 860.3
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    • 329 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld 0.5 0.1 t Advanced Systems 0.3 unch 164 0.4 0.3 7.9 46.5 29.5 t Advancer Global 36 -1.5 80 38 36 14.3 62.3 HiBh LOW
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    • 149 16 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3035 -84 26 3142 2981 8.3 116.2 97.5 DBXT MS SING US$ US110 -0.5 97 110 110 5.5 422 190 DBXT MSBrazil
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  • Page 8 Advertisements
    • 188 8 HDUT I health wnn i i trust (Registration Number *****06) (a business trust constituted on 29 July 2011 and registered on 25 September 2012 under the laws of the Republic of Singapore) managed by RHT Health Trust Manager Pte. Ltd. Notice of Books Closure Date Payment Date In Respect of
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  • Page 9 Advertisements
    • 3246 9 NOTICE OF ANNUAL GENERAL MEETING SPH REIT (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 9 July 2013 (as amended)) NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of the holders of units of SPH REIT (the “SPH REIT”, and the holders of units
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  • Page 10 Advertisements
    • 228 10 SGX Market Outlook 2017 Finding Income and Managing Risk Forum 26 November, Saturday 10am 1pm The Star Performing Arts Centre, Level 3 FREE ADMISSION Finding Income and Managing Risk Join us at this forum as industry experts share their valuable opinions on upcoming market trends, investment ideas and strategies to
      228 words
    • 32 10 Which Upcoming BTO should I buy? Upcoming BTO Launches BTO Pricing Forecast BTO news Past BTO Launches BTO Buying Guide SRX .com.sg Right Home. Right Price. Jft A Cf i *9* srxxom.sg/hdb/BTO
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  • Page 16 Advertisements
    • 90 16 Live Trading Mondays Learn the ropes of active trading from a professional trader at SGX Academy! Date 5 December 2016 Venue SGX Centre 1, Auditorium Time 9am 11.30 am For more information, visit sgx.com/academy M Singapore Exchange y/ This advertisemenfhas been published for genQJgjjffiforiwtion onfy. It is not an offer
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  • Page 17 Advertisements
    • 78 17 WE BELIEVE THE CLIENT GIVES EVERY INVESTMENT PURPOSE. EVERY PROPERTY A SOUL. EVERY TRANSACTION A PULSE. Real estate is a powerful asset. It helps define the business of a company. The spirit of a start-up. The values of an investor. We have 43,000 employees in over 60 countries, helping our
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  • REAL ESTATE
    • 450 18  -  COMMENTARY By Andy Mukherjee T This column does not necessarily reflect the opinion of Bloomberg LP and its owners. BLOOMBERG THE giant sucking sound building up in Singapore’s empty shopping aisles just got louder. After a 174-year run, John Little, a well-loved
      BLOOMBERG  -  450 words
    • 947 18 It is already fighting its next legal battle against New York using the same arguments that failed in San Francisco BLOOMBERG San Francisco AIRBNB Inc’s claim that it’s just a conduit for user-generated content was rejected by a judge who
      BLOOMBERG; PHOTO: REUTERS  -  947 words
    • 648 19 Packaged into US$118m of new bonds, the sale allows Bayview Financial to borrow against its investments in mortgage debt BLOOMBERG New York A FLORIDA hedge fund has transformed risky Fannie Mae and Freddie Mac debt into investment-grade securities, and it could
      BLOOMBERG; PHOTO: BLOOMBERG  -  648 words
    • 1610 19 Property transactions for selected districts with contract dates between Sept 28 and Oct 4,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 03/10/2016 99 1141 2446 2144 The Clift Apt 29/09/2016 99 527 1110
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    • 213 19 BLOOMBERG Ottawa TORONTO’S hot housing market is driving residents to seek more affordable options outside Canada’s largest city, pushing demand for new properties to new highs in these outlying towns. Residential permits in Hamilton, a city of about 500,000 people an
      BLOOMBERG  -  213 words
  • Page 18 Advertisements
    • 322 18 SALE VINTAGE COMMERCIAL CONSERVED Rare freehold opportunity Buy a restored hundred year old conservation gem in a thriving part of the city with solid rental returns and unbridled growth upside. Near the MRT, the financial district and a part of town that’s about to grow exponentially. FOR Call+65 *****055 +65
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    • 187 18 2-STOREY FOOD FACTORY AT CHIN BEE CRESCENT V IIL CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E mu *5r, Land Area: 100,279 sq ft approx. Floor Area*: 70,663 sq ft approx. 1 Zoned “Business 2" with Plot Ratio 1.4 1 Balance tenure of about 23 years 1 Existing cold rooms, warehouse/
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    • 109 18 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 PRIME SHOPHOUSE NEAR MRT FOR SALE BY EXPRESSION OF INTEREST Land Area: Approx 1,442 sqft Gross Floor Area: Approx 4,500 sqft Masterplan 2014: Full
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  • BANKING & FINANCE
    • 672 20 Corporate fraud, malfeasance pose one of the greatest threats to the integrity of the Hong Kong market, he says REUTERS Hong Kong INVESTORS can expect to see more regulatory probes into the sponsorship of stock listings in Hong Kong, the city’s
      REUTERS  -  672 words
    • 808 20 Much protective trading in the last 10 days was concentrated on the VIX BLOOMBERG New York THE stock market is in free fall but for equity traders who amassed record hedges before Election Day, it is not quite as bad as it
      BLOOMBERG  -  808 words
    • 554 20 BLOOMBERG London BANKS in the UK paid £34.2 billion (S$58.9 billion) in tax in the latest fiscal year 9 per cent more than a year earlier reflecting an increase in the levy on balance sheets and changes
      BLOOMBERG  -  554 words
    • 413 20 REUTERS Sydney COMMONWEALTH Bank of Australia (CBA) chief executive Ian Narev on Wednesday said that there would be ongoing pressure on profits at Australia’s biggest lender due to an “unprecedented” environment of low interest rates and inflation. His comments came as Fitch Ratings
      REUTERS  -  413 words
  • Page 20 Advertisements
    • 34 20 WAR AGAINST DIABETES What Indians need to guard against to keep disease at bay 25 ARTISTS TO DISPLAY THEIR WORK AT VARNAM GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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    • 84 20 L A«GE ST (kS\*’ s J0W iorvi y-8 i i BOOK YOUR 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!
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    • 32 20 “Amazingly soulful and delicate and graceful, in perfect keeping with its subject.” Pico Iyer, author of The Art Of Stillness The insider's scoop on secret spaces in Japan's old capital Nowonsaleatallmajorbookstoresand www.stpressbooks.com.sg
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    • 111 20 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg THE BVI BUSINESS COMPANIES ACT, 2004 Octans Ventures Ltd Company No. *****81 (the “Company”) a BVI Business Company NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Yap Qi
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    • 145 20 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 27 of 2016 In the Matter of the Companies Act, Cap. 50 and In the Matter of Vela Holding Pte Ltd (In Compulsory Liquidation) (Co. Reg. No. *****5806K) NOTICE OF MEETING OF CREDITORS Take notice that a
      145 words
    • 166 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF D.L. PROPERTIES LTD. (the “Company”) (Company Registration Number: *****2915C) (Pursuant to Section 78C) At an Extraordinary General Meeting of the Company held on 3 November 2016, the following resolution was passed:CAPITAL REDUCTION AS SPECIAL RESOLUTION: RESOLVED
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  • ENERGY & COMMODITIES
    • 669 21 Bourses raise fees for steel, rubber futures and for coal six months after Beijing steps in to deflate speculative bubble BLOOMBERG Hong Kong CHINA’S once again trying to restrain its commodity traders following a spike in prices from coal to rubber, six
      BLOOMBERG; PHOTO: REUTERS  -  669 words
    • 584 21 Presidential adviser says it wants “investors to bring funds inside the country and repatriate the profits” BLOOMBERG Tehran IRAN, which gets most of its electricity from natural gas, is considering new rules that may entice foreign investors to raise the amount
      BLOOMBERG  -  584 words
  • Page 21 Advertisements
    • 271 21 18 November 2016, Friday 12.30pm to 4.30pm (Registration and lunch starts at 11.30am) M Hotel Singapore Level 10 Banquet Suite 81 Anson Road, Singapore *****8 Join us at our annual Singapore financial reporting seminar for a concise and practical perspective of the upcoming changes in financial reporting and how they
      271 words
    • 38 21 KnowOrDon’tKnow? GeneralKnowledge WorldCurrentAffairs LocalCurrentAffairs LocalPolicies Take A Short Quiz One Lucky Player Stands To Win Rise To The Challenge At www.KnowOrDontKnow.sg or simply SMS to *****: QUIZ<space>BT Participation is free No entry conditions attached Terms and conditions apply
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  • CONSUMER
    • 455 23 Credit Suisse, Canadian Imperial Bank of Commerce and Goldman Sachs to lead offering; sale likely next year BLOOMBERG New York CANADA Goose Inc, the retailer of high-end winter parka coats that can sell for more than US$1,000 apiece, has
      BLOOMBERG; PHOTO: BLOOMBERG  -  455 words
    • 323 23 AFP Sydney AN Australian theme park on Wednesday said it will demolish a water ride that killed four people, and ordered an independent safety review of all its attractions. Two women and two men died when rafts on the Thunder River Rapids ride
      AFP; PHOTO: AFP  -  323 words
    • 469 23 REUTERS New York AMERICAN Apparel LLC has resumed talks with at least two potential bidders for the US teen clothing retailer, after bankruptcy sale negotiations with brand licensor Authentic Brands Group LLC stalled earlier this week, a source close to
      REUTERS  -  469 words
  • Page 23 Advertisements
    • 372 23 NOTICES (Registration Number *****05) (a business trust registered under the Business Trusts Act, Chapter 31A of Singapore) NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR THE DISTRIBUTION FOR THE PERIOD FROM 1 JULY 2016 TO 30 SEPTEMBER 2016 NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders
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  • TRANSPORT
    • 772 25 Nissan reports 19% drop in Q2 operating profit after Toyota says operating profit for the quarter plunged 43% BLOOMBERG Tokyo JAPAN’S two largest carmakers have arrived at the same conclusion: The US auto market that’s functioned as a growth
      BLOOMBERG; PHOTO: BLOOMBERG  -  772 words
    • 900 25 Third-quarter profit of US$1.58 a share misses analysts’ average estimate of US$2.73 Washington HERTZ Global Holdings lost almost a quarter of its market value after the rental-car company reported a third-quarter profit that badly trailed analysts’ estimates and
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    • 352 25 BLOOMBERG Frankfurt TESLA Motors Inc has agreed to buy German manufacturing-technology specialist Grohmann Engineering to add on production expertise ahead of the move by the American maker of electric car to roll out its first mass-market model. Grohmann Engineering will be renamed Tesla Grohmann
      BLOOMBERG  -  352 words
  • Page 25 Advertisements
    • 241 25 NOTICES EZRA HOLDINGS LIMITED (UEN/Company Registration No. *****1411N) (Incorporated in the Republic of Singapore) (“Ezra”) Notice to holders (the “Noteholders”) of the outstanding S$150,000,000 4.875 Per Cent. Notes Due 2018 comprised in Series 003 (ISIN: SG55F*****18) (the “Notes”) of Ezra convened for 10.00 a.m. (Singapore time) on 9 November 2016
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    • 306 25 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PETRO PROCESS SYSTEM PTE LTD (IN PROVISIONAL LIQUIDATION) (Company Registration No. *****5257R) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS Take notice that Messrs Tam Chee Chong and Andrew Grimmett, both care of 6 Shenton Way OUE Downtown
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  • OPINION
    • 630 26 EDITORIAL THE election of Republican Donald J Trump as the 45th US president is arguably one of the greatest political earthquakes of modern times and not just for the United States of America. As a maverick candidate, manifestly inexperienced
      630 words
    • 640 26  -  THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington DEUTSCHE Bank is in trouble and that’s bad news for all of us. Deutsche Bank is Germany’s biggest bank with 100,000 employees around the world and operations in more
      THE WASHINGTON POST WRITERS GROUP  -  640 words
    • 1367 26  - Trump means business in his unique way How will America cope? My forecast is “just fine”. Remember that we have previously elected movie actors, peanut farmers and rough riders to the presidency. BY PHILIP M PARKER presidency.BY PHILIP M PARKER T The writer is INSEAD chair professor of management science
      PHOTO: BLOOMBERG  -  1,367 words
    • 818 27  -  COMMENTARY By Jonathan Galaviz T The writer is chief strategist at Global Market Advisors, a research and political consulting firm with offices in Las Vegas, Denver, Bangkok and Taipei FOR more than one year, I strongly supported the candidacy of Donald
      818 words
    • 748 27  -  By Chu Junhong, Joe Havely T The writers are associate professor of marketing and Think Business editor of the National University of Singapore Business School IN China, shoppers have been counting down to Singles’ Day on Nov
      748 words
    • 1120 27  -  He will now start to receive enhanced intelligence briefings and his “in-tray” is vast from the Middle East to North-east Asia to Europe. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at the Centre for International Affairs, Diplomacy and Strategy
      PHOTO: AFP  -  1,120 words
  • Page 26 Miscellaneous
    • 135 26 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)
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  • Page 28 Advertisements
    • 1003 28 THE BUSINESS TIMES SHIPPING TIMES FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 16/16 16/11 18/11 BELITUNG/PKL BALAM SRIJAYA 8 30/16 14/11 16/11 JAMBI/PEKAN BARU FLORA 8 16/16 IN PORT 11/11 PALEMBANG/PANJANG FAJAR MAS 12/16 14/11 16/11 BELAWAN/MALAHAYATI INDONESIA JAVA SULAWESI PORTS VESSEL
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  • LIFE & CULTURE
    • 671 29 Many of those who spoke out in opposition objected to the limitations NYTIMES New York THEY hold the promise of vibrancy, the allure of a city thoroughfare repurposed with the tent-lined look of a travelling circus. But the street fairs
      NYTIMES; PHOTO: NYTIMES  -  671 words
    • 919 29 NYTIMES Tehran FOR all of Iran’s attractions breathtaking scenery and numerous World Heritage sites, among other things there are plenty of downsides to vacationing in the Islamic republic. Alcohol is forbidden. There is very little night life, at least in
      NYTIMES; PHOTO: ST FILE  -  919 words
    • 581 29 NYTIMES San Francisco THE party felt like a text-message bubble brought to life. On Friday night, more than 400 people gathered here in a sleek co-working space near the headquarters of Uber, Pinterest and Airbnb to kick off the first Emojicon, a three-day “celebration of
      NYTIMES; PHOTO: NYTIMES  -  581 words
  • Page 29 Miscellaneous
    • 340 29 CRYPTIC CROSSWORD Across 1 Two alcoholic drinks before my game (3,5) 5 All Blacks initially sit around filled with anger (6) 10 Father had potato cooked just like that (2,3,4,2,1,3) 11 Without doubt, leader of competition left in good time (7) 12 To thump counter is out of order (7)
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