The Business Times, 3 December 2016

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Microfilm: NL34122
Total Pages: 59
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    58 1 THE BUSINESS TIMES WEEKEND 3–4 2016 S$1.20 I N ES S T I M ES N OT TO B E S O LD S E PA R AT E LY FR O M T H E B U S businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO
    58 words
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      72 3 Didier Gourdon J L RICHARD MILLE 53N p ss s r» s# t 3 i k a? "v"*V 8 Vi to r- i (Vi w i/J-i r-v i •>.* -A i c" Tits £V tP! §1 **>1.*-. *2.i Cv •v'v v V. .N t‘* p CALIBER RM 07-01 RICHARD MILLE
      72 words
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  • THE BUSINESS TIMES WEEKEND
    • Article, Illustration
      Lock icon Art, The Angels Sing
      142 4 Scott Square’s annual Art of Giving exhibition is the luxury mall’s way of celebrating the festive season with a generous spirit. Now into its fifth year, 2016’s edition marks the first collaboration between them, gallery-retail space K+ and School of the Arts (SOTA). The exhibition, K+
      142 words
    • Article, Illustration
      Lock icon Dine Now
      87 4 l–r: HICTwo new desserts from this cold-pressed juice company frozen popsicles HIC POPS, and HIC FREEZE, a vegan, lactosefree and gluten-free ice cream. REVOLUTION COFFEE Mod-Sin chef Shen Tan now heads this kitchen serving her famous nasi lemak and a new buah keluak pasta. T. 6777 2110. MONTI
      TAY SUAN CHIANG, AVANTI NIM, RACHEL LOI AND CHEAH UI-HOON TAN, DYLAN BY COMPILED  -  87 words
    • Article, Illustration
      Lock icon A Nutcracker X’mas
      134 4 If there was any ballet associated with the festive season, it would undeniably be The Nutcracker, based on the story by E.T.A Hoffman. From Dec 7 to 11, the Singapore Dance Theatre will stage their version of this iconic performance at The Esplanade, with staging and choreography
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    • Article, Illustration
      Lock icon my favourite movie
      49 4 THE GODFATHER (1972) “Everything you wanted to know about the mob but was too afraid to ask, you’d find it here in this Francis Ford Coppola classic. Nothing comes close... OK, maybe except (Martin Scorsese’s) Goodfellas (1990) about two decades later.” Marilyn Wong, freelance yoga instructor
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    • Weekend Buzz
      • Article, Illustration
        Lock icon On A High
        166 5 Craving a bit of Java? No, not the coffee, but Indonesia’s fifth-largest island. If you’re a rooftop-dweller at heart, check out Agra, the highest rooftop lounge and bar located on the 29th floor of Alila Solo resort. Opened earlier this year, Agra offers a selection of eclectic
        166 words
      • Article, Illustration
        Lock icon Garden Splendour
        136 5 Catch the Christmas spirit early at Gardens by the Bay with their month-long Christmas Wonderland 2016. On top of an ice skating rink, Santa’s House, and carnival games, ticket-holders will also have access to a festive market and exclusive dining options. Get your Christmas shopping done with imported
        136 words
      • Article, Illustration
        Lock icon My Weekend
        319 5  -  WHAT PEOPLE DO, WHY AND WHERE AMY LEE CONSULTANT FOR A LEGAL FIRM “As much as I can, I’ll be off to dive during the weekends. Cebu is close by, easily accessible, dive sites generally have good visibility, and they have accommodation that suits all budgets. Silkair and
        CHEAH SHARON TO TOLD AS  -  319 words
    • Weekend Buys
      • Article, Illustration
        Lock icon Men’s
        65 6  -  BY ERMENEGILDO ZEGNA Putting on a beautifully designed suit elevates my spirit, and helps define me as a man to whom details matter.” GAY TALESE Author Pelle Tessuta Sneakers, $1,395 Pelle Tessuta Double Cross Body, $2,545 Pelle Tessuta Gloves, $1,300 Trofeo Wool Denim Classic Crombie Coat, $3,800, Doublebreasted Vest,
        65 words
    • Weekend Interview
      • Article, Illustration
        Lock icon Alfred Leung
        1027 9  -  Founder CEO of Imperial Treasure Restaurant Group by GEOFFREY EU MEDIA interviews are not among Alfred Leung’s favourite things. The head honcho of the Imperial Treasure Restaurant Group is famously reticent when it comes to the culinary press, even though he has a track record that many restaurateurs
        ART DIRECTION CHRIS FOO. PHOTOGRAPHY JULIANA TAN  -  1,027 words
    • Weekend Feature
      • Article, Illustration
        Lock icon Bring to the Table
        1930 10 Thanks to a handful of gutsy entrepreneurs, more foreign food concepts are opening up in Singapore. Rachel Loi meets the key players. EVEN if the concept of foreign talent is still a contentious subject for Singaporeans, there’s always one thing they welcome whole-heartedly and want even
        PHOTOGRAPHY JULIAN TAN  -  1,930 words
    • Weekend Food
      • Article, Illustration
        Lock icon Spice vs Spice
        972 14 Tay Suan Chiang uncovers three hot new Sichuan restaurants boasting fresh, alternative looks. LongQing Hotpot 18 Hong Kong Street, T. 6533 1618 Singaporean James Chiew and his Chongqing-born wife, Zhou Ting Ting love hotpot and each other. So naturally, LongQing Hotpot is a happy confluence of “our
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    • Weekend Drive
      • Article, Illustration
        Lock icon Six Million Dollar Man
        1138 16 / 17 What kind of person can afford the Koenigsegg Agera RS? Michael Lim, CEO of Motorway Group, gives Samuel Ee some insights. IT’S wild, it’s loud and it’s one of the most powerful production cars in the world. By contrast though, the man selling the Koenigsegg Agera
        PHOTOGRAPHY: KELVIN CHNG  -  1,138 words
      • Article, Illustration
        Lock icon An Icon Upscales
        644 18 Samuel Ee sees how the latest Nissan GT-R makes a striking shift into luxury gear. MORE than four decades after the GT-R badge was born, the iconic sports car has finally embraced the one thing it has neglected in its pursuit of performance luxury. Loads of it.
        644 words
    • Weekend Wine
      • Article, Illustration
        Lock icon Jolly Good Merlot
        693 19 Samuel Ee gets a lesson in vintage blends and dish pairings from Chateau Angelus owner Hubert de Bouard de Laforest. IF you can tell a wine by its owner, look no further than Hubert de Bouard de Laforest the very approachable boss of Chateau Angelus. The warm
        BANFI OF COURTESY PHOTOS  -  693 words
    • Weekend Watch
      • Article, Illustration
        Lock icon Precision still matters
        1052 20 / 21 The key winners at this year’s annual Grand Prix D’Horlogerie De Geneve prove that luxury watchmakers still take pride in accurate time-keeping, as Chuang Peck Ming observes. WE are often told that you don’t buy a luxury timepiece just to tell the time. A handphone or Japanese
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    • Weekend Holiday
      • Article, Illustration
        Lock icon Sounds Perfect
        681 22 / 23 It may be remote, but New Zealand’s Marlborough Sounds more than makes up for it with stunning scenery, while the rest of the Marlborough region is known for its award-winning wines, as Corinne Kerk learns. WHAT do you do when you’re living in a remote part of the
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    • Weekend Style
      • Article, Illustration
        Lock icon Nature & Tradition
        536 24  - Nature Tradition Corinne Kerk meets the unconventional designers behind two distinctly different jewellery brands. CHARLOTTE LYNGGARD Ole Lynggaard Copenhagen The Lynggaard family picture featured in the Ole Lynggaard Copenhagen press release is a slightly strange one. It reminds you somewhat of those odd vintage photographs that inspired the book, Miss
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      • Article, Illustration
        Lock icon Story & Technique
        550 25 Story Technique DANILO GIANNONI Giamore He was raised in a family of military men. So there was a moment of stunned silence when a young Danilo Giannoni declared that he wanted to become a jewellery designer. But while his ambition may have come as a shock to his folks, Mr
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    • Weekend Nostalgia
      • Article, Illustration
        Lock icon Spitting Image
        161 26 Aug 1958 To swallow or spit? That was the question in Singapore when men (and some macho women) thought nothing of expectorating anywhere on the street whenever they felt a tickle in their throats. But rather than face a future of dodging spitballs, the Singapore City Council under
        SINGAPORE OF ARCHIVES NATIONAL OF COURTESY COLLECTION, ISHAK YUSOF IMAGE NIM. AVANTI BY  -  161 words
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      54 9 f ROLEX THE YACHT-MASTER II The ultimate skippers’ watch, steeped in yachting competition and performance, featuring an innovative regatta chronograph with a unique programmable countdown. It doesn’t just tell time. It tells history. On ti 5i 4 Y-jQrr OYSTER PERPETUAL YACHT-MASTER II THE ROLEX CENTRE. ORCHARD ROAD SINGAPORE. TEL: 6830
      54 words
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      49 27 Stretch your weekend Get the best in travel, food, design, motoring and fashion, in-depth features, thought-provoking columns and insights of the week.. Stretch your weekend with the new Business Times Weekend now. Subscribe now at btsub.sg/promo or call 6388 3838 •bourne eat *> al the SPCiJ° *#nr WS T ho°ght
      49 words
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      218 28 IL.S'Mfli If m. TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. i j THE VALLEE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF
      218 words
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      76 1 THE RAFFLES CONVERSATION ALEXIS NASARD, CEO OF BATA 14-15 THE FINISH LINE A football feast to savour 36 OFFBEAT PSLE lessons that matter 35 ANYWHEREBUTEHERE SINGAPOREANS TRAVEL TO FIND NEW PLACES. BUT MANY END UP FINDING THEMSELVES. BRUNCH 11-13 PHOTO-ILLUSTRATION: SIMON ANG PHOTO: MIKI CHARWIN INSIDE VIEW Have rail will
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      32 1 UPFRONT MAS fines StanChart, Coutts total of S$7.6m StanChart and Coutts Singapore have been slapped with fines, putting them in the circle of private banks punished for funnelling 1MDB’s tainted flows. 4
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      26 1 BT DATA Manufacturing expands for 3rd month Singapore’s purchasing managers’ index continues its climb in November. Details in a new series tracking Singapore’s economic indicators. 6
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      37 1 WEALTH Bucking the greenback It’s too early to know if the Trump bump is a benign or malignant lump, but the dollar index’s move above US$1.005 is an important breakout from 22 months of sideways trading 21
      37 words
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      2 1 *****1 *****1 >
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Have rail will travel
      702 2  -  INSIDE VIEW by Anita Gabriel 1What do you think was the most significant thing that happened this past week? Black Friday! Who doesn’t fancy scoring a hand-rubbing good bargain? Sixty to seventy per cent off Kenneth Cole boots in the US; half price for a classy
      702 words
    • Article
      Lock icon THE WEEK IN REVIEW
      271 2 In its annual financial stability review, the Monetary Authority of Singapore hinted that it wants more time for property cooling measures to work through the economy. On the back of these measures, “growth in housing loans has eased considerably and the overall risk profile of housing
      271 words
    • Article
      Lock icon THE WEEK AHEAD
      28 2 Super Group’s Q3 results Mon, Dec 5 Del Monte Pacific’s Q2 results Tues, Dec 6 The European Central Bank’s monetary policy decision Thurs, Dec 8
      28 words
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  • UP FRONT
    • Article
      Lock icon MAS fines StanChart, Coutts total of S$7.6m over lMDB breaches
      940 4  -  Both rapped for breaches relating to anti-money laundering laws by Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore STANDARD Chartered Singapore and Coutts Singapore have been slapped with fines by the central bank, putting them in the circle of private banks censured or
      940 words
    • Article
      Lock icon 1MDB’s ex-Goldman banker gets barred from Singapore market
      617 4  -  by Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Monetary Authority of Singapore (MAS) has singled out a former star banker from Goldman Sachs for his purportedly “false statements” linked to tainted 1MDB flows and which were issued to a Luxem-bourg-based financial institution. The
      617 words
    • Article, Illustration
      Lock icon Manufacturing sector expands for 3rd month
      203 6  -  Turning in a slightly beter reading than expected, Singapore’s purchasing managers’ index (PMI) rose 0.2 point to 50.2 in November marking the third month of expansion. According to a Bloomberg poll, the market had expected last month’s PMI to remain unchanged from October’s reading
      Compiled by BT  -  203 words
    • Article, Illustration
      Lock icon More changes at the top for AGC
      450 6  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE Legal Service Commission has appointed Kwek Mean Luck as the new solicitorgeneral of the Attorney-General’s Chambers (AGC), and Mavis Chionh to be the second solicitor-general. Both of them will start work in their new positions on
      450 words
    • Article, Illustration
      Lock icon Robust rise in US payrolls; jobless rate at 9-year low
      634 8 Washington US hiring picked up in November while the unemployment rate tumbled to a nine-year low on a drop in the number of people in the workforce and wages unexpectedly declined, providing a mixed picture of the labour market. The
      PHOTO: AFP  -  634 words
    • Article, Illustration
      Lock icon Trump picks outspoken ex-Marine as defence secretary
      602 8 US president-elect soaks up adulation at buoyant Ohio rally AFP Washington US President-elect Donald Trump said on Thursday he has picked the tough-talking retired general James Mattis to be his defence secretary as he soaked up adulation at a buoyant Ohio rally that
      AFP; PHOTO: REUTERS  -  602 words
    • Article
      Lock icon Jokowi appeals for calm at 2nd Jakarta protest against ally
      378 9 BLOOMBERG Jakarta INDONESIAN President Joko Widodo sought to ease tension in the nation by appearing at a rally of more than 150,000 people seeking to jail Jakarta’s Christian governor, an ally of his, over blasphemy allegations. The president, also known
      BLOOMBERG  -  378 words
    • Article, Illustration
      Lock icon Suu Kyi gets a taste of local hawker fare
      480 9  -  Ghim Moh visit is last item on her 3-day official trip to Singapore by Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE was a buzz at Ghim Moh Market and Food Centre early on Friday morning when Myanmar State Counsellor Aung San Suu
      PHOTO: MARK CHEONG/ THE STRAITS TIMES  -  480 words
    • Article, Illustration
      Lock icon Japanese bond yields may be forced up by rising inflationary pressures, warns ex-BOJ official
      649 10  -  Yield on 10-year government bond may need to rise to between 0.5 and one per cent: Sayuri Shirai by Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) might be forced to allow long-term government bond
      649 words
    • Article
      Lock icon Malaysia’s central bank offers bigger room to hedge
      660 10  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE Malaysian central bank has decided to allow exporters to retain up to a quarter of their export proceeds in foreign currencies, and will provide for higher returns for ringgit-export proceeds that are kept in a
      660 words
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      298 5 I WHERE THE VIEWS ARE ENCHANTING ALL AROUND “We have a great view even though we’re located on the ground floor because we’re looking out to unique architecture found only in Tiong Bahru.” a t t i on g b a h ru A luxurious home centrally located at Tiong
      298 words
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      181 7 U 1/ <1 T r 'Ij it i^ I Ktt I l 1 1 L MINI 3 DOOR rt. v i DON’T BLINK OR YOU’LL MISS IT. THE MINI COOPER 3 8 5 DOOR. NOW FROM $131,800. Combined with a responsive MINI TwinPower Turbo engine for a fast yet efficient
      181 words
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      184 8 In the matter of the Companies Act, Cap. 50 And In the Matter of Asian Geos (S) Pte Ltd (Registration No.: *****0452W) Notice of Resolutions At the Extraordinary General Meeting of the Company duly convened and held on 25 November 2016 at 600 North Bridge Road, #05-01 Parkview Square, Singapore
      184 words
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      63 9 2016 2016 China Art Auctions 2016- n °pt0#g#? 2016 ff 12 n 21 B -22 BgfcM£*r ssy+^R^ati^M^E'M4gy6tiJ5$3tB^. Singapore jinsha international auction pte.Ltd. nfNHS Zhuhai Red Sun International Art Exhibition Co., Ltd. UK EARL International Auction Ltd. Guangzhou Chinese Art Exhibition Service Co., Ltd. Shenzhen zhongmeiShengJia International Art Exhibition Service Co.,
      63 words
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  • BRUNCH
    • Article, Illustration
      Lock icon LET WONDER LAST
      2268 11  -  IT’S THAT TIME OF THE YEAR WHEN OUR BUSY ISLAND FALLS INTO A LIGHT SLUMBER. OUR STREETS ARE EMPTIER, OUT-OF-OFFICE REPLIES CLOG UP INBOXES SINGAPORE IS ON HOLIDAY. BUT EVEN AS WE INDULGE IN OUR WANDERLUST, DO FOREIGN SIGHTS AND SOUNDS GUIDE US THROUGH OUR OWN EMOTIONAL
      Source: Hotels.com; Source: Skyscanner; Source: Airbnb, compiled by BT  -  2,268 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon BRINGING BATA BACK
      2005 14 / 15  -  Alexis Nasard, the new boss of footwear maker Bata, hopes to bring the swagger back to the 122-year-old brand. BY CHUANG PECK MING peckming@sph.com.sg @PeckmingBT PHOTO: ARTHUR LEE BATA, the shoe-maker is still around Singapore is in fact home to its Asia-Pacific and Africa operations. Yet the
      PHOTO: ARTHUR LEE  -  2,005 words
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  • INVESTING & WEALTH
    • COMPANIES
      • Article
        Lock icon S’pore investors keen on upcoming Shenzhen-HK stock link
        619 16  -  Overdue link will connect all of China’s stock markets and is expected to deliver total market cap of over US$5 trillion by Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE overdue Shenzhen-Hong Kong stock link will kick off next Monday and is already sparking
        619 words
      • Article, Illustration
        Lock icon Timing and price key in buying Seletar Mall: SPH Reit
        569 16  -  by Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SPH Reit, a real estate investment trust sponsored by media group Singapore Press Holdings (SPH), is interested in adding The Seletar Mall to its portfolio, but time and price are two determining factors. The
        PHOTO: CAROLINE CHIA / THE STRAITS TIMES  -  569 words
      • Article, Illustration
        Lock icon SGX adds market cap test to minimum trading price rules, lengthens review period
        556 17  -  14 companies, including Enviro-Hub Holdings, exit watchlist given new rule by Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE’S bourse operator has added a new S$40 million market capitalisation requirement to its controversial minimum trading price (MTP) framework, and
        ST FILE PHOTO  -  556 words
      • Article
        Lock icon New chief executive to take over at ARA Trust Management from Jan 1
        268 17 Singapore AS part of succession plans, Yeo See Kiat will be retiring as chief executive and executive director of ARA Trust Management while Chan Kong Leong will take over both roles from Jan 1 next year. ARA
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      • Article
        Lock icon Gold up from 10-month lows, but heading for 4th weekly drop
        242 17 REUTERS Bengaluru GOLD recovered from its lowest since early February on Friday as the US dollar drifted lower ahead of US jobs data, but the metal is still on track for a fourth consecutive weekly decline. Spot gold was
        REUTERS  -  242 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        186 17 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 3 0 1 0 9 5 3 Manufacturing 36 27 27 7 12 7 43 39 34 Commerce 16 16 10 2 5 5 18 21 15 Tpt/Stor/Comms 8 13 5
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        134 17 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,672 142 28,814 112,637 24 112,661 Manufacturing 143,698 69,277 212,975 141,566 3,054 144,620 Commerce 175,872 17,903 193,775 86,262 296 86,558 Tpt/Stor/Comms 84,681 498 85,179 153,168 45 153,213 Finance 19,442 122 19,564 250,883 17 250,901 Construction
        134 words
      • Article, Illustration
        Lock icon Singapore bank branch closures lead customers to rivals: Bain
        627 18  -  The Republic had second lowest branch density among 21 countries in 2015 by Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SINGAPORE had the second lowest number of commercial bank branches per 100,000 adults among 21 countries last year, fewer than Malaysia’s and above
        PHOTO: BLOOMBERG  -  627 words
      • Article
        Lock icon Noble completes disposal of US energy unit
        307 18  -  by Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BELEAGUERED commodity trader Noble Group said late on Thursday that it had completed the disposal of Noble Americas Energy Solutions (NAES) to Calpine Energy Services Holdco II, following its announcement of the potential sale in October. At
        307 words
      • CORPORATE DIGEST
        • Article
          Lock icon Courts Asia
          102 18 ELECTRICAL, IT and furniture retailer Courts Asia announced on Friday that Tan Huat Ben will be appointed designate country chief executive officer for Singapore in January. He will then become become country CEO in April. Mr Tan was most recently CEO of Andios, a subsidiary of Challenger Technologies
          102 words
        • Article
          Lock icon mm2 Asia
          91 18 CATALIST-listed movie, TV and online content producer, mm2 Asia, has set up a new subsidiary called 2mm Pte Ltd. Some of its main activities include operating cafes, coffee houses and snack bars. It will also be involved in the dramatic arts, music and other arts activities, like stage,
          91 words
        • Article
          Lock icon OKH Global
          46 18 THE executive director and deputy chief executive officer of property developer OKH Global resigned on Friday to “pursue other personal interest”, said the property developer. No replacement was immediately announced. OKH’s share price was unchanged at 6.4 Singapore cents on Friday before market close.
          46 words
      • Article, Illustration
        Lock icon Co-working space to ease Singapore SMEs into China
        571 19  -  This is thanks to an MOU signed by IE Singapore, CapitaLand and UrWork by Judith Tan juditht@sph.com.sg @JudithTanBT Singapore SMALL and medium enterprises (SMEs) in Singapore will soon find it easier to break into China. International Enterprise Singapore (IE Singapore), CapitaLand and
        571 words
      • Article
        Lock icon Swissco IJMs to pay wages to crew of vessels, service asset
        296 19  -  OFF SHORE MARINE SECTOR WOES by Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE interim judicial managers (IJMs) of beleaguered vessel operator Swissco Holdings and its subsidiary, Swissco Offshore (SOPL), have been authorised by the court to make payment of wages
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      • Article
        Lock icon Nam Cheong client cancels contract
        225 19  -  by Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore A CLIENT of vessel builder Nam Cheong has officially cancelled a contract to receive a vessel. While the mainboard-listed builder is considering legal recourse, it says the cancellation is expected to impact its earnings for this financial year, though
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      • Article
        Lock icon Vallianz faces two foreign lawsuits related to Swiber
        153 19  -  by Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CATALIST-listed offshore-support vessel provider Vallianz is facing two lawsuits, from India and Indonesia, in relation to distressed offshore and marine company Swiber Holdings that may involve more than S$10 million in total. Vallianz said on Friday
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      • Article
        Lock icon STI gains 2.1% in week on Wall St highs, oil recovery
        558 20  -  STOCKS by R Sivanithy A REBOUND in oil prices thanks to a positive Opec meeting, end-of-month price fixing/ window-dressing/portfolio rebalancing on Wednesday, and the Dow Jones Industrial Average’s push to new highs were the main features of the week
        558 words
      • Article
        Lock icon BT SHARE INFORMATION SERVICE
        781 20 Substantial shareholder/director transactions For week beginning Nov 28 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) First Reit 30-Nov-16 Tan Kay Poo *Buy 20 1.27 ***** 1.598 ***** 1.60 SHS Hldgs 30-Nov-16 Ng
        781 words
      • BROKERS' TAKE
        • Article
          Lock icon Global Logistic Properties > Buy
          158 20 Global Logistic Properties > Buy OCBC Investment Research, Dec 2 Dec 2 close: S$2.16 Target price: S$2.37 GLP announced it is undertaking an independent strategic review of options to enhance shareholder value, after it has received a request from its largest shareholder, GIC Real Estate Private Ltd, which holds a
          158 words
        • Article
          Lock icon Sembcorp Marine > Hold
          215 20  - Sembcorp Marine > Hold Compiled by Jamie Lee DBS Group Research, Dec 2 Dec 2 close: S$1.47 Target price: S$1.55 WE believe risk premium should be reduced with improving oil-and-gas outlook following Opec’s successful agreement to cut output. The sector recovery should “motivate” customers to take delivery of existing units
          215 words
    • Article, Illustration
      Lock icon BUCKING THE GREENBACK
      1013 21  -  Dollar index’s move above US$1.005 is an important breakout from 22 months of sideways trading. BY DARYL GUPPY BY DARYL G PPY US PRESIDENT-elect Donald Trump paints himself as an independent rogue throwing out the established political order. His policies hark back to Theodore Roosevelts’ New Deal
      PHOTO: AFP; Source: Bloomberg; PHOTO: BLOOMBERG  -  1,013 words
    • Article, Illustration
      Lock icon Goldman’s Latin America revenue expands 50%
      808 22 Hedging contributes to this year’s gains, with business picking up steam following election of Trump as US president and rise in market volatility GOLDMAN Sachs Group Inc’s revenue from Latin America surged 50 per cent this year as the firm helped to structure one
      PHOTO: REUTERS  -  808 words
    • Article, Illustration
      Lock icon PBOC headache to worsen with US$50,000 conversion quota
      933 23 The cap on how much foreign currency individuals are allowed to change each year will be reset next month BLOOMBERG PEOPLE’S Bank of China (PBOC) governor Zhou Xiaochuan already has one policy headache with the currency falling to near an eight-year low.
      BLOOMBERG; PHOTO: BLOOMBERG  -  933 words
    • Indices
    • Article, Illustration
      Lock icon Commodities
      26 24 NAME PRICE/UNIT 3-MONTH% Gold US$1,176.20/oz -10.3 Silver US$16.543/OZ -11.9 Copper US$5,791/MT 25.1 Soybeans US$1,029.8/bu 8.7 Palm Oil MYR3,074/MT 20.5 Coffee US$144.95/lb -6.2 Sugar US$19.29/lb -7.1
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    • Currencies
      • Article
        Lock icon Asian currency vs USD
        95 24 CURRENCY PRICE 5-DAY 5-DAY 1-MONTH 1-MONTH YEAR-TO-DATE Singapore dollar 1.4233 0.36 -2.59 -0.72 China RMB 6.8871 0.47 -1.81 -5.80 Offshore RMB 6.8747 1.08 -1.51 -4.43 Indian rupee 68.2395 0.36 -2.15 -3.05 Indonesian rupiah 13,555 -0.36 -3.71 2.18 Japanese yen 113.73 -0.88 -9.09 5.85 Korean won 1,172.25
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      • Article, Illustration
        Lock icon Singapore dollar per USD
        12 24 Compiled from Bloomberg at 5.30pm on Dec 2
        Compiled from Bloomberg at 5.30pm on Dec 2  -  12 words
    • STI
      • Article
        Lock icon Straits Times Index component stocks
        403 25 NAME PRICE WEEKLY PRICE CHANGE PRICE WEEKLY PRICE CHANGE LOW 52 WEEK HIGH LOW HIGH YTD TOTAL RETURNS P/E P/B DIVIDEND 12-MONTH YIELD MARKET CAP ($M) 52 WEEK PRICE RANGE Keppel Corp Ltd 5.93 4.71 6.57 -4.0 10.3 0.97 5.1 10,764.3 Sembcorp Industries Ltd 2.95
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    • Reits and rates
    • REAL ESTATE
      • Article, Illustration
        Lock icon White House Park GCB sells for S$25.5m or S$1,686 psf based on 15,125 sq ft land area
        572 26 Separately, an option to buy an Ewart Park GCB for S$19.35m is granted Singapore TWO freehold Good Class Bungalow (GCB) transactions in District 10 are in motion one on White House Park near
        572 words
      • Article
        Lock icon Houses too pricey? Data shows Aussies shouldn’t blame foreigners
        381 26 BLOOMBERG Canberra JUST how much foreign money is contributing to rising property prices is a staple of dinner-party conversations around the globe. Australians now have a near-official answer, and it’s less than most would think. The Australian Treasury estimates that foreign
        BLOOMBERG  -  381 words
      • Article, Illustration
        Lock icon Iceland rebounds, mainly on tourism explosion
        881 27 Icelandair promotions, Game of Thrones, and a volcanic eruption help put the country on the map NYTIMES Reykjavik, Iceland SET against a vista of sea and mountains, the city’s modern concert hall and convention centre, with its kaleidoscopic facade of multi-coloured glass, averages more
        NYTIMES  -  881 words
      • Article
        Lock icon S&P sees US$12b of loans defaulting in 2017
        333 27 BLOOMBERG New York THERE’LL be no holiday cheer for commercial property developers after S&P Global Ratings said about US$12 billion of loans were headed for default in 2017. That’s because many of the US$92 billion of loans that S&P says are slated
        BLOOMBERG  -  333 words
      • Article
        Lock icon House hunt
        1509 28 Property transactions for selected districts with contract dates between Nov 17 and Nov 22, 2016 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN TRANSACTED PSF TOX* RENTAL STREET NAME TYPE DATE /LAND PRICE (S$) YIELD** AREA (S$,000) (SQF) District 3 HIGHLINE RESIDENCES Condo 18/11/2016 99 1,109 1,902 1,716 1.19 3.44
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      • Article
        Lock icon Top median rentals of projects by district in last 3 months
        261 29 PROJECT NAME/ PROPERTY LOWEST MEDIAN HIGHEST NO. OF STREET NAME TYPE PRICE (S$) PRICE (S$) PRICE (S$) TRANSACTIONS District 1 THE SAIL MARINA BAY Apt 2,800 4,700 7,880 18 ROBINSON SUITES Apt 2,800 3,200 3,300 13 District 2 ICON
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      • Article
        Lock icon Top 10 condo searches
        93 29 RANKING NAME TOTAL SEARCHES IN PAST MEDIAN PRICE PSF TWO WEEKS (S$) 1 CARIBBEAN AT KEPPEL BAY 436 1,421 2 BAYSHORE PARK 379 833 3 PEBBLE BAY 347 1,152 4 THE LAKESHORE 292 1,037 5 SENNETT RESIDENCE 218 1,195 6 TRESALVEO 212 1,312 7 OUE TWIN
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      • Article
        Lock icon Mort gage rates this week
        161 29 from what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. DATE FLOATING RATES, PEGGED TO: FIXED RATES WEEK OF NOV 28 SIBOR SOR COMBO BANK’S BOARD RATE Lowest
        161 words
      • Article
        Lock icon Creating experiences with a sense of urgency, excitement
        674 29 New ephemeral bespoke vacation service Blink even lets guests customise the customisation process BLOOMBERG New York FOR your next vacation, forget about taking inspiration from Instagram. You’re going to go where nobody has been before, on a trip that nobody has ever
        BLOOMBERG  -  674 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      48 27 HOT PROPERTY 282 ONAN BRAND new 3.5 sty FH detached. 3780/ 6000 sf, 7+1. Pool/lift. $5.XM. Sat/Sun 1-3pm REDUCED PRICE! AIDA Street 2.5-sty Semi-D 2784/2800sf 6 rms ensuite. FH. NE facing. $3.8M. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • THE BROAD VIEW
    • Article, Illustration
      Lock icon Vital for investors to know the difference between good and bad data
      862 30  -  Good information is accurate, actionable, and forms a basis for an investment decision. By Barry Ritholtz By Barry Ritholtz LOOMBERG ON Monday, I cast doubt on the many stories about how Black Friday retail sales were off to
      LOOMBERG; PHOTO: REUTERS  -  862 words
    • Article, Illustration
      Lock icon Actually, let’s not be in the moment
      1051 31  -  Instead of struggling to ‘live in the present’, maybe we should just be grateful that our brains allow us to be elsewhere. By Ruth Whippman by Ruth Whippman NYTIMES I’M at the kitchen sink, after a long day of work and kids and
      NYTIMES; PHOTO: FILE  -  1,051 words
    • Article, Illustration
      Lock icon Trump and Carrier: how a modern economy is like a parking garage
      746 32  -  The economy is not a fixed set of jobs getting shifted around a global chess board it is in a state of constant churn. By Justin Wolfers by Justin Wolfers NYTIMES IN the two hours that President-elect Donald
      NYTIMES; PHOTO: AFP  -  746 words
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      29 31 THE BUSINESS TIMES 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
      29 words
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 2
      30 31 CHIEF EXECUTIVE OFFICER SPH ALAN CHAN DEPUTY CHIEF EXECUTIVE OFFICERSPH PATRICK DANIEL editor-in-chief(english/malay/tamil media group) WA RREN FERN A NDE Z managing editor (english/malay/tamil media group) A LV IN TAY
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    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 3
      13 31 DEPUTY CHIEF EXECUTIVE OFFICER SPH ANTHONY TAN GROUP CHIEF MARKETING OFFICER ELSIE CHUA
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    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 4
      12 31 EDITOR WONG WEI KONG ASSOCIATE EDITOR VIKRAM KHANNA NIGHT EDITOR EDMUND LOH
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    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 5
      29 31 BT INC EDITOR LILIAN ANG CHIEF SUB-EDITOR DEXTER LEE FOREIGN CONTENT EDITOR QUAH CHOON POH DIGITAL EDITOR CHRISTOPHER LIM DEPUTY DIGITAL EDITOR LEE KIM SIANG GRAPHICS EDITOR SIMON ANG
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    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 6
      27 31 NEWS EDITOR VEN SREENIVASAN DEPUTY NEWS EDITOR CHEN HUIFEN ASSOCIATE NEWS EDITOR ANGELA TAN ASSISTANT NEWS EDITOR JOYCE HOOI LIFESTYLE EDITOR JAIME EE VIDEO EDITOR JONATHAN NG
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  • HEALTH
    • Article, Illustration
      Lock icon Tackling thyroid gland conditions the right way
      1478 33 Well-differentiated thyroid cancers usually have very good outcomes when detected early and patients can be cured THE thyroid gland is a butterfly shaped gland in front of the neck. It produces a thyroid hormone that helps the body use energy, stay warm and
      PHOTO: SINGAPORE MEDICAL SPECIALISTS CENTRE  -  1,478 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon The agile – and non-stop – workplace: Can you keep up?
      1154 34  - The agile and non-stop workplace: Can you keep up? Small teams doing a bit at a time, all the time, seems to be the new organisational pattern. CUBICLE FILES By Quentin Hardy NYTIMES WHETHER you like it or not, your boss may want you to start acting more like a
      NYTIMES; PHOTO: NYTIMES  -  1,154 words
    • Article, Illustration
      Lock icon PSLE lessons that matter
      771 35  -  OFF BEAT by Kelly Tay kellytay@sph.com.sg @KellyTayBT MY parents were sitting at the back of the school hall when they saw me burst into tears. “What happened?!,” they asked with horror, after weaving through what felt like a never-end-ing scrum of jubilant pupils and parents. This
      ILLUSTRATION: YU KEXIN  -  771 words
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  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      344 35 CRYPTIC CROSSWORD 26 Work that may be behind a counter (4) 27 Extra lad, an idiot to be licked into shape (10) 28 Money quietly given to party (4) 29 Past rowers coming out in their kit? (10) Across 1 Herb as son, little chap with endless merit (10) 6
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  • SPORTS
    • Article, Illustration
      Lock icon A football feast to savour
      1053 36  -  THE FINISH LINE Manchester City vs Chelsea, Barcelona vs Real Madrid are the top picks of this weekend’s fixtures by Lee U-Wen THE weekend has barely started but I know exactly where I’ll be on Saturday night after dinner: at home on the living room
      PHOTO: REUTERS  -  1,053 words