The Business Times, 5 December 2016

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Total Pages: 25
1 26 The Business Times
  • 23 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION fb.com/thebusinesstimes S$1.20 businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Monday, December 5, 2016
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  • Article, Illustration
    241 1 There were few surprises when PAP cadres voted for the members of the ruling party’s top decision-making body the Central Executive Committee at the People’s Action Party’s biennial conference on Sunday. TOP STORIES 2 Chinese renminbi is once more flowing out of China, and this should continue well
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  • 882 1  -  World’s condition will worsen if more countries adopt protectionist, nativist approach By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE is a worrying trend of developed countries around the world turning inward and adopting a more protectionist stance, and this will
    PHOTO: LAU FOOK KONG / THE STRAITS TIMES  -  882 words
  • 1326 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynettekhooBT Singapore THE days of heady valuations for start-ups in China are over, as the ven-ture-capital (VC) market hunkers down for the winter cycle, when capitalists typically hit the brakes on funding. But GGV Capital’s Shanghai-based
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  • 25 1 Weekly Change STI 2,919.37 +60.04 KL Comp 1,628.96 +1.70 Nikkei 225 18,426.08 +44.86 Hang Seng 22,564.82 -158.63 Shenzhen B 1,161.80 +2.83 Dow 19,170.42 +18.28
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  • Page 1 Advertisements
    • 67 1 "*****1 3000 1 1 iK'A, THE BUSINESS TIMES 40TH ANNIVERSARY 22 O "7 2 SKY-DWELLER OYSTEf PERPETUAL k superlaiVe chronometer OFFICf ALLY CERTIFIED 4 a OYSTER PERPETUAL SKY-DWELLER IN I 8 CT WHITE GOLD ROLEX •©< Cortina watch atitt MARINA SQUARE, #02-38. TEL: 6250 7712 CHINATOWN POINT, #01-08/09. TEL! 6702
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    • 26 1 n 2017 GOODBYE, 2016 2017 GOODBYE, 2016 What event this year has had, or will have, the biggest impact on business? VIEWS FROM THE TOP 14-15
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    • 23 1 TOPLINE Radha Exports on expansion trail COMPANIES MARKETS 5 SHOWCASE OF YOUNG TALENT Scintillating 12th edition with knockout numbers childaid 201 6 /16-17
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    • 8 1 PAP elects new central executive committee, Page 2
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  • TOP STORIES
    • 601 2  -  Vivian Balakrishnan back in CEC; Halimah Yacob makes the top 12 By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE were few surprises on Sunday when the People’s Action Party’s (PAP) cadres voted for the members of its top decision-making body at its biennial party conference.
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    • 639 2  - Put the champagne or rather, Prosecco on ice WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks saw their first weekly drop since Donald Trump’s election after a surprise production cut from the Organization of the Petroleum Exporting Countries (Opec) and strong employment data drove up inflation risk and interest
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    • 267 2  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore THE Ministry of Finance (MOF) is seeking views and suggestions from Singaporeans in preparation for Budget 2017, it said on Sunday. “Individuals, households, and businesses are welcome to provide feedback on issues such as how we
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    • 580 4  -  Analysts cite stronger US dollar, which is expected to strengthen further as the Fed raises interest rates and from Trump’s protectionist measures By Virginie Mangin btworld@sph.com.sg Beijing CHINESE renminbi (RMB) is once more flowing out of China and this should continue well into
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    • 631 4  -  By Anthony Rowley btworld@sph.com.sg Tokyo BOLD plans for public infrastructure investment outlined by US presid-ent-elect Donald Trump, which are expected to be copied in other advanced economies such as Britain and Japan, have received strong endorsement from a senior official
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    • 458 4 COMPANY OF GOOD Singapore SINGAPORE Power is the silent sustainer of our society. Powering the nation 365 days a year, they reach every corner of our country, every hour of the day. Despite this load, Singapore Power makes it their business to bring about goodness
      PHOTO: NVPC  -  458 words
  • Page 2 Advertisements
    • 116 2 EXECUTIVE EDUCATION <2> NUS National University of Singapore NUS BUSINESS SCHOOL GOOD LEADERS ARE BORN. BUT GREAT LEADERS ARE MADE. Sometimes o small difference makes all the difference. With our Executive Education programmes, a few days away from the office could prepare you for a much bigger role when you
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    • 113 3 Si dk T r IS ,1 r H VC I a 3 I' 7 6> e* h—■ I V lit, r -i <♦> A .v r m JVi i.^ 1 7 9 9 si as <> I M l?£* i, _r^2 m i i MS e 571i i s£ A
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  • Page 4 Advertisements
    • 91 4 FILL YOUR CHRISTMAS WITH SWEET JOY AT INTERCONTINENTAL SINGAPORE Add a touch of conviviality to your Christmas celebrations with a medley of theatrical festive buffets and set menus at Ash Elm or partake in a charming Afternoon Tea experience at The Lobby Lounge. With an array of gourmet roasts and
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  • COMPANIES & MARKETS
    • 1384 5  -  The family-run group plans to add another 80 outlets in S’pore over the next five years and is eyeing investment in manufacturing. TOPLINE BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT VERY few people shopping at the popular Valu$ and ABC Bargain Centre discount store chains would know
      PHOTO: KELVIN CHNG  -  1,384 words
    • 981 6  -  There are three key aspects that directors, as governors of the non-profit organisation, should pay attention to: strategy, relationships and fiduciary discipline. BY FERMIN DIEZ SID BOARDROOM SINGAPORE “ITtoS MATTERS BY FERMIN DIEZ T The writer is a member of the professional development committee
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    • 267 6  -  B y Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore SWEE Hong Limited will be placed on the Singapore Exchange’s watchlist from today, for failing to meet the exchange’s minimum continuing criteria. The company has recorded pre-tax losses for three straight financial years.
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    • 64 8 STI Catalist WEEKLY Straits Times Index Dec 2,2016 2,919.37 +60.04 (+2.10%) Current streak 1 day Week high 2,928.58 Week low 2,874.65 52-week high 2,945.35 (July 22, 2016) 52-week low 2,539.95 (Feb 12,2016) FTSE ST Catalist Index Dec 2, 2016 443.14 -12.55 (-2.75%) Current streak 1 day Week high 454.01 Week
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    • 77 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty50 ETF10 ***** 704.2 4.2 *****/***** JMH USD 5479 183.5 2.4 6371/4500 DBS Grp 1789 84.0 4.9 1793/1301 DBXT ASX200 US$ 3512 69.7 1.4 3621/2900 UOB 2056 68.0 3.4 2076/1680 BY PERCENTAGE CLOSE UP 52w high/low China Env Res 2.2 633.3 1.9
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    • 75 8 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxSvEu US$ ***** -1761.0 -4.7 *****/***** DBXT USDIGIfl US$ ***** -445.3 -1.1 *****/***** DBXT iBoxxSing SG$ ***** -381.0 -2.7 *****/***** GLD US$ ***** -180.7 -1.1 *****/***** SPDR S&P500 US$ ***** -125.2 -0.4 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low CMC Infocomm 3.5
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    • 80 8 VOL CLOSE($) CHANGE China Intl 261.8 0.285 +0.030 +11.77 Techcomp 15.5 0.205 -0.025 -10.87 Epicentre 210.0 0.100 -0.020 -16.67 IEV 71,217.1 0.068 +0.008 +13.33 BH Global 34.1 0.215 -0.045 -17.31 Sunlight 580.5 0.015 +0.001 +7.14 Jason Marine 11.0 0.125 +0.020 +19.05 Foreland FabriT 490.0 0.009 -0.002 -18.18 Envictus
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    • 621 8  -  STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT THE stock market appears set for a shaky start this week after last week’s relatively decent showing, with the results of Italy’s referendum on Sunday yet to be known till Monday morning and United States jobs data
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    • 305 8 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 235 +4 238/228 257 209 6.5 6587.9 CapitaCom Trust 151 +1.5 155/148.5 164 127 5.7 4474.9 CapitaLand 307 +5 311/301 340 280 12.3 2.9 *****.9 CapitaMall Trust 193 +1 195.5/189.5 225 185
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    • 36 8 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Dec 2,2016 713.54 +11.52 (+1.64%) Current streak 1 day Week high 715.58 Week low 704.22 52-week high 718.03 (Apr 22, 2016) 52-week low 629.34 (Feb 12, 2016)
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    • 35 8 STI MSCI EAFE WEEKLY MSCI EAFE index Dec 2, 2016 1,630.61 -3.83 (-0.23%) Current streak 1 day Week high 1,631.61 Week low 1,628.23 52-week high 1,731.70 (Dec 4, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • 33 8 VOLUME Noble 2,285,782,600 Ezion 254,571,000 Cedar Strategic 202,608,400 KrisEnergy 186,984,400 Golden Agri-Res 171,841,000 Market volume 10,246,116,000 VALUE DBS Grp 813,860,966 SATS 521,628,315 UOB 435,989,294 Singtel 393,505,864 Noble 374,657,827 Market value 7,532,934,000
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    • 108 8 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US663 +7 6012 674/653 772/441 662/664 82.9 STI ETF 296 +5 2368 298/291 300/254 295/296 DBXT MSPHILS US$ US176.9 -2.1 637 179/174.5 222.5/158.5 176/176.7 14.2 Nikko AM STI ETF 302 +5 373
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    • 137 8 COMPANY MEETING PLACE DATE TIME Declout Ltd E Suntec S'pore Intl Convention Exhibition Cyr (Lvl 3) Nicoll 2 1 Raffles Boulevard Suntec City 07-Dec 2.30pm SHC Capital Asia Ltd E Orchard Hotel Singapore Nutmeg Room (Lvl 2) 442 Orchard Road 07-Dec 2.30pm Oriental Grp E TKP Conference Centre
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    • 77 8 Dec 2 VALUE CLOSE BT OB/OS -133.00 -9.00 BT CADI -*****.00 -3.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 683.30 -1.25 FTSE ST Small Cap 385.04 -0.22 FTSE ST All Share 713.54 -2.04 FTSE ST China Top 161.49 +0.21 FTSE ST China 201.08 +0.32 FTSE
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 6 1 0 0 8 4 6 Manufacturing 45 61 33 8 13 19 53 74 52 Commerce 22 34 8 2 15 3 24 49 11 Tpt/Stor/Comms 14 17 3
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    • 125 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 143,465 1,540 145,005 551,052 247 551,299 Manufacturing 798,422 753,090 1,551,512 842,143 21,362 863,505 Commerce 2,557,979 304,180 2,862,159 871,545 4,176 875,721 Tpt/Stor/Comms 510,799 3,064 513,863 846,016 274 846,290 Finance 164,849 985 165,834 1,726,723 143 1,726,866 Construction
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    • 256 8 Dec 2 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • 481 8 COMMODITIES REUTERS New York OIL prices rallied for their best week in at least five years on Friday, steadying above US$51 a barrel, following Opec’s (Organization of the Petroleum Exporting Countries) decision to cut crude output to rein in
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    • 334 9  -  CURRENCIES By Jonathan Chan T The writer is an Investment analyst at Phillip Futures AS this eventful year for currencies comes to an end, it is time to prepare for the next. Here are four events that we foresee will move currency markets in 2017.
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    • FOREX RATES
    • EQUITY BONDS WARRANTS FUTURES
      • 386 9 Dec 2 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.00 *****.50 *****.00 *****.00 *****5 *****3 Jan17 *****.00 *****.00 *****.00 *****.00 2350 3798 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****4 Mar17 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN
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      • 207 9 Most active Dec 2 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.4 -0.1 ***** 1 1 27 2.75 8 Charisma EnergyServicesW*****8 0.3 ***** 1 0 -50 2.00 59 OCBC BK MB ECW*****6 8.1 1.4
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      • 377 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 2 Index Change Change Change Change Change Change World Preliminary 1324.4 0.0 3.7 -0.4 3.1 0.1 2.9 EAFE Preliminary 988.0 -0.4 -2.5 -0.5 -4.8 0.0 -5.0 Europe Preliminary 1376.1 -0.3 -2.6
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    • BANK RATES
      • 154 9 Dec 2 $S Offer Bid 0vernight 0.01 Par 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.08 US$ Offer Bid 7 days 0.58 0.48 1 month 0.75 0.65 2 months 0.85 0.65 3 months 1.00 0.80 6 months 1.40 1.20 9 months 1.55 1.35 12
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      • 67 9 Dec 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.81 104.89 104.86 5-Year N*****0Z 1.250 01-Oct-21 97.26 97.70 97.63 10-Year NX*****F 2.125 01-Jun-26 97.3 98.08 97.70 15-Year NZ*****F 2.875 01-Sep-30 100.82 20-Year NZ*****X 2.250 01-Aug-36 90.75 91.58 90.90
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    • AGRI METALS ENERGY
      • 250 9 Dec-1 Price Net change change Last Trade Agricultural Dec-1 CBOT Soybeans (US cents/bu) 1029.75 -2.50 -0.24% 13/01/2017 CBOT Soybean Oil (US cents/lb) 37.64 0.85 2.31% 14/12/2016 CBOT Wheat (US cents/bu) 371.50 -9.00 -2.37% 14/12/2016 Dec-1 LIFFE Cocoa (£/tonne) 1961.00 -3.00 -0.15% 13/12/2016 LIFFE Coffee (US$/tonne) 1990.00 -36.00 -1.78%
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    • 1840 10  -  INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Limited INSIDER buying was low for the first time in the past five weeks with 10 companies that recorded 17 purchases worth S$0.91 million
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    • 388 10 BLOOMBERG Helsinki ONE of the Nordic region’s biggest asset managers is adjusting its portfolio to reflect a lack of confidence in Europe and a growing faith in the prospects of a US boom. Ilmarinen, a Finnish pension fund that
      BLOOMBERG  -  388 words
    • 929 10 Payment Ex Rec Pay Ann (cts) date date date date Accordia Golf Tr bi 2.450 02-Dec 06-Dec 15-Dec 11-Nov AF Global ak 1.000 02-Dec 06-Dec 19-Dec 25-Nov AF Global aw 1.250 02-Dec 06-Dec 19-Dec 25-Nov AIMS AMP Cap Ind bi 0.124 04-Nov 08-Nov 22-Dec 27-Oct AIMS AMP Cap
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    • 1123 10 Consensus No. of Forecast Mean Fri’s recommendation esti- EPS PE target price Company name This wk Last mth mates (times) Accordia Golf Trt 1.00 1.00 1 0.05 11.87 0.81 0.65 AIMS AMP Cap Industrial Reit 1.00 1.00 2 0.11 12.26 1.63 1.31 ARA Asset Mgt 1.25 1.25 2
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    • 1984 11 Week Ended: Dec 2 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E $mil Company Last Sale Vol ('000) High Week Low 149 124.5 AIMSAMP Cap Reit 131 +6 ***** 131 124.5 0.9 8.7 834.8 C'vr 172.5 101 ARA Asset
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    • 321 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Week Div GrYld Net MCap High 46.5 29.5 t Advancer Global 37 +0.5 137 37 36 14.7 64.1 :ompany Sale 19.9 8.3 t Anchor Resources 9.2 -0.2 6364 9.6
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    • 189 11 52-Wk Last Vol Week Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1211 1061 CIMBASEAN40 S$D 1177 +9 1 1180 1177 905 736 CIMBASEAN40 US$ US818 +9 0 818 818 128.3 3268 2355 DBXT China50 US$ US3125 +16 49 3160
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  • Page 5 Advertisements
    • 200 5 as* fvl 5 i nnn**M 0 r< II I* M MU'III'• M *"V.*.* ,*s a 11 v»: .(T?« i 2M fi; u«i HlIlMIlii; i f iMiimiiifi HI ifeS itl n.\ a s Hi', v i ill nil! 3 •V 11 y-A V > V S 320 Fuel consumption: 8.21/100 km;
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  • Page 6 Advertisements
    • 297 6 T For more articles, go to btd.sg/BMatters Doyouknowof anySingaporeans whoseinspiringor extraordinaryacts havemadeanimpacton somepartoftheworld? The Straits Times Singaporean Of The Year Award, in partnership with UBS, seeks to honour the positive impact made by Singaporeans and celebrate the triumph of the human spirit. To nominate, go to str.sg/soty2016site Terms and conditions
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  • Page 7 Advertisements
    • 204 7 4 ABSOLUTE TO UGHNESS mm 1 _G <“ r -4 i. 0i m </ PAR at h 0©5 m m m f <ssy 4 V s\ i x\ N N o lx' y'i J Ml I u A. A* fj a LU -A o lO fi: rioN) 2 M post
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  • Page 9 Advertisements
    • 94 9 Trade Gold For Gold Trade 1ozspotgold forlessthan US$100! Receive premium gold when you trade spot gold with Phillip Futures today.* 250 North Bridge Road #07-01 Raffles City Tower Singapore *****1 6538 0500 futures@phillip.com.sg www.phillipfutures.com.sg/gold All forms of investments carry risks, including the risk of losing more than the invested amount
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  • Page 11 Advertisements
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  • REAL ESTATE
    • 1770 12 Bigger, bolder and busier city causes residents headaches from congestion, noise and trash NYTIMES New York A SIDEWALK war has erupted in Lower Manhattan. Paul Proulx is caught in the middle of it. Just to get to his apartment in the
      NYTIMES; PHOTOS: NYTIMES  -  1,770 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
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  • VIEWS FROM THE TOP
    • 5981 14 THIS WEEK’S TOPIC: What event this year has had or will have the biggest impact on your business? Jessie xia Managing Director Singapore ThoughtWorks With Britain’s Brexit vote and the election of Donald Trump, businesses around the world will have to be prepared for more than economic
      ILLUSTRATION BY: TEOH YI CHIE; FILE PHOTO  -  5,981 words

  • Page 15 Advertisements

  • CHILDAID 2016
    • 603 16 / 17  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore LONGTIME fans of the annual ChildAid concerts agree: Its 12th edition was one of its best ever. Opening on a sweet celestial note with 20 harpists from Rave Harpers and Sylvia Tan on the guzheng, the charity concert
      PHOTO: CHILDAID; PHOTOS BY KELVIN CHNG  -  603 words

  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • 1381 18  -  Italy might face political turbulence, but fashion stocks are still fashionable MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT (Ma n’atu sole cchiu’ bello, oi ne’ ’O sole mio sta ’nfronte a te! ’O sole, ’o sole mio Sta ’nfronte a te, sta ’nfronte a te! (But
      PHOTO: AFP  -  1,381 words
    • 1150 18  -  SCHRODERS INTERNATIONAL MEDIA CONFERENCE 2016 By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore INFLATION is likely to return to the global economy next year with the election of Donald Trump as US President, said senior Schroders fund managers and analysts at a recent press
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  • Page 18 Advertisements
    • 104 18 GET STARTED NOW Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • BANKING & FINANCE
    • 1204 19 But consumer advocates, state banking regulators fear it could let startups get around state laws NYTIMES New York REGULATORS are planning to create a new type of banking licence that will allow upstart financial technology companies to expand more quickly across
      NYTIMES; PHOTO: BLOOMBERG  -  1,204 words
    • 462 19 But EBA also says banks have strengthened capital positions, allowing them to continue repair process AFP London THE greatest risks facing the European Union banks are high levels of bad loans and lower profitability, the bloc’s financial regulator said in
      AFP  -  462 words
  • Page 19 Advertisements
    • 3238 19 «OKH OKH GLOBAL LTD. (Company Registration Number: *****) (Incorporated in Bermuda) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OKH Global Ltd. (the “Company”) will be held at Marquis room at Level 2, Copthorne King’s Hotel Singapore, 403 Havelock Road, Singapore
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  • ENERGY & COMMODITIES
  • Page 20 Advertisements
    • 1312 20 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SHOKO SINGAPORE PTE. LTD. REG. NO. *****2522M (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 30
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    • 1222 20 THE BVI BUSINESS COMPANIES ACT, 2004 TROPICAL GALLERY LIMITED (Company Number: *****9) (the "Company") (INVOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1 )(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is 23
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    • 1075 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINGQUEST PTE. LTD. (In Members' Voluntary Liquidation) Reg No.*****4338E ("the Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 30 November 2016, the Resolutions set out below were
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  • TECHNOLOGY
    • 1045 21 NYTIMES New York IN president-elect Donald Trump’s newly named kitchen Cabinet of business advisers, Wall Street is in. Silicon Valley is out. Mr Trump has named 16 business leaders to serve on what’s being called the President’s Strategic and
      NYTIMES; PHOTOS: REUTERS; PHOTO: AFP  -  1,045 words
    • 680 21 The growing popularity of Snap’s photo-sharing app makes it one of the most anticipated technology IPOs in years. BLOOMBERG London THE maker of Snapchat is taking some of its biggest steps to expand outside the US. Snap Inc recently posted nearly
      BLOOMBERG; PHOTO: REUTERS  -  680 words
  • Page 21 Advertisements
    • 1616 21 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BANKAMERICA NOMINEES (1993) PTE LTD [Co. Reg. No. *****1712N] (IN MEMBERS’VOLUNTARY LIQUIDATION) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held at 50 Collyer Quay, #14-01 OUE
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  • CONSUMER
    • 831 22 Consumers are often put off by the much higher prices quoted by third-party sellers who participate in the companies’ online marketplaces WP Washington IN recent weeks, legions of consumers have started their holiday shopping sprees. And some of them were not happy about
      WP  -  831 words
    • 459 22 AFP Monaco JAPANESE footwear and sports equipment manufacturer Asics was on Saturday named as an official partner of the IAAF (International Association of Athletics Federations), just a day after Adidas cut short its deal with track and field’s governing body. Asics signed a
      AFP; FILE PHOTO  -  459 words
    • 570 22 REUTERS London BRITONS desperate for faster broadband are unlikely to get it from a plan to separate the country’s biggest network from BT Group unless the industry tackles how to pay up to £25 billion (S$45 billion) to upgrade to fibre-optic
      REUTERS  -  570 words
    • 833 22 NYTIMES New York AS Chuck Peal lay in a Waterbury, Connecticut, emergency room one Sunday in early September, doctors furiously tried to make sense of his symptoms. Mr Peal, 61, appeared to be dying and they were not sure why. He slipped
      NYTIMES; PHOTO: NYTIMES  -  833 words
  • Page 22 Advertisements
    • 99 22 You will not want to miss the Christmas gifts and discounts offered during this festive season. Subscribe before 31st Dec 2016 to take advantage of the attractive savings. 1 year subscription NTUC Vouchers 1 year subscription Christmas Discount Up to 18% Loyalty Discount for membership renewal *Promotion ends on 31st
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    • 29 22 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. m 0 srx.com.sg/hdb/BTO
      29 words

  • GOVERNMENT & ECONOMY
    • 618 23 Economists expect continued asset purchases at current pace of 80b euros a month followed by tapering in late 2017 BLOOMBERG Frankfurt THE jolt Mario Draghi is set to give the euro-area economy may well be his last, economists
      BLOOMBERG  -  618 words
    • 694 23 AFP Rome ITALIANS went to the polls yesterday in a constitutional referendum on which reformist Prime Minister Matteo Renzi has staked his future. Whatever the outcome of a vote, being anxiously watched in capitals across Europe and carefully scrutinised on trading
      AFP; PHOTO: BLOOMBERG  -  694 words
    • 400 23 AFP Tehran IRAN’S President Hassan Rouhani presented his budget on Sunday, with Opec’s decision to cut production helping to boost its expected oil revenues. Mr Rouhani’s 2017-2018 budget is based on oil prices of US$50 per barrel, up from US$40 last
      AFP  -  400 words
    • 312 23 Shah Alam MAHATHIR Mohamad, who has been critical of the Democratic Action Party (DAP) in the past, has now changed his tune saying he was wrong about the party after attending its national conference for the first time on Sunday.
      312 words
    • 697 23 AFP New York PRESIDENT-ELECT Donald Trump’s threats to retaliate against US companies planning to shift operations overseas constitute a new risk for multinationals, but may not sway those already planning to offshore jobs. Mr Trump laid down the gauntlet last
      AFP  -  697 words
    • 416 23 REUTERS Manila PHILIPPINE Vice-President Leni Robredo announced on Sunday she would resign from her cabinet post, citing “major differences” with President Rodrigo Duterte and suspicions that a plot was underway to unseat her from the number two job. Ms Robredo is
      REUTERS  -  416 words

  • TRANSPORT
  • Page 24 Advertisements
    • 45 24 What went wrong? “He was widely perceived as a new-generation leader, with all the apparent attributes that should have made him a great president.” Veteran Indonesian watcher John McBeth. Read his verdict on Susilo Bambang Yudhoyono’s decade-long presidency. Now available at leading bookstores or www.stpressbooks.com.sg
      45 words

  • Page 25 Advertisements
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      244 words

  • LIFE & CULTURE
    • 888 26 At “Robin Hood” restaurant, they dine at tables with white tablecloths and red napkins, giving them needed dignity AFP Madrid IT IS early evening at a restaurant in central Madrid and Jose Silva sits down for a meal of rice, meatballs and
      AFP; PHOTOS: AFP  -  888 words
    • 822 26 AFP Chengalpettu, India A SMALL scythe, a crowbar and a bundle of canvas bags are all that Kali and Vedan carry when they venture into the fields of southern India to catch some of the world’s deadliest snakes. Their skills, passed from
      AFP; PHOTOS: AFP  -  822 words
  • Page 26 Miscellaneous
    • 323 26 CRYPTIC CROSSWORD Across 1 Flower festival not starting (5) 4 I miss putting egg on first it’s wasteful (8) 8 Enduring not having a date? (8) 9 Give William printed sheet (8) 11 Rubbish in entrance, it’s enough to take one’s breath away (7) 13 Thief left with fire-raiser, reportedly
      323 words