The Business Times, 8 December 2016

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Microfilm: NL34122
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION fb.com/thebusinesstimes @BusinessTimes S$1.20 businesstimes.com.sg CO REGN NO *****2868E MCI (P) 037/12/2016 Thursday, December 8, 2016
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  • Article
    Lock icon MARKETS
    27 1 Wednesday Change STI 2,959.84 +10.72 KL COMP 1,632.47 +2.74 NIKKEI 225 18,496.69 +136.15 HANG SENG 22,800.92 +125.77 SHENZHEN B 1,164.40 +7.61 DOW (10.45am EST) 19,262.00 +10.22
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  • Article, Illustration
    Lock icon DAILY DIGEST
    203 1 Delinquent debts steadily decline in the last six months, as small and medium sized enterprises demand faster payment from customers when they agree to do business on credit. TOP STORIES 2 Motor insurance in Singapore will grow in the year ahead, given the rising number of rental vehicles,
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  • Article
    Lock icon Banks doing a slow dance in a burning room
    1112 1  -  McKinsey report describes difficult terrain, with China a key force to shape outcome; Singapore banks expected to thrive in ‘brave new world’ By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE global banking industry has settled into a “low-growth, low-profit” rut that will
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  • Article
    Lock icon New bond trading platform to help spread risks
    479 1  -  fundsupermart offering lets investors trade wholesale bonds in smaller lots By Siow Li Sen lisen@sph.com.sg @SiowLiSen Singapore IN A move that could lower risks, fundsupermart is launching a new bond trading platform where investors can trade smaller amounts of bonds that are
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  • TOP STORIES
    • Article
      Lock icon Delinquent debts down but SMEs feel cashflow squeeze
      609 2  -  DP Info poll shows Q3’s proportion of unpaid debt improved to 46%; firms citing credit crunch jump to 34% By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore DELINQUENT debts have steadily declined in the last six months, as small and medium sized enterprises (SMEs)
      609 words
    • Article
      Lock icon Bank Negara’s reserves down less than expected
      590 2  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur BANK Negara Malaysia (BNM) does not appear to have intervened too much in the currency market over the second half of November when the ringgit was roiling as its international reserves dipped by less than US$2 billion
      590 words
    • Article, Illustration
      Lock icon When President Tony Tan turns broker
      222 2  -  By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore PRESIDENT Tony Tan Keng Yam turned broker on Wednesday and closed four trades worth over S$520 million, helping to generate commissions for charity. He spoke with customers to close deals and helped boost trading volumes during the
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    • Article, Illustration
      Lock icon Abe’s Pearl Harbor visit takes on heightened significance
      588 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo A PLANNED visit to Pearl Harbor later this month by Japanese Prime Minister Shinzo Abe, which was meant simply as a reciprocal gesture in return for the historic trip this year by US President Barack Obama to
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    • Article
      Lock icon India keeps rates unchanged as cash crunch roils economy
      615 2 REUTERS Mumbai INDIA’S central bank unexpectedly kept its key policy rate unchanged at 6.25 per cent on Wednesday, despite calls for action in the face of an intense cash shortage that threatens to slam the brakes on the world’s fast-est-growing large
      REUTERS  -  615 words
    • Article, Illustration
      Lock icon JW Marriott upbeat about Asia-Pac’s luxury-travel segment
      570 4  -  By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore THE Asia-Pacific luxury-travel market is growing robustly despite the uncertain economic climate, said Christy Donato, vice-president of global brand management at JW Marriott Hotels and Resorts. “We’ve looked quite closely at it and we know that
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    • Article
      Lock icon Trump-linked uncertainty affecting Apac’s outlook: S&P
      320 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore WITH many key US policies remaining undefined under President-elect Donald Trump, an unusual amount of uncertainty is hanging over the economic outlook for the Asia-Pacific, said S&P Global Ratings on Wednesday. In fact, it added, Trump-related unpredictability is
      320 words
    • Article, Illustration
      Lock icon Citi giving e-commerce players a hand to expand in Asean
      720 4  -  Region daunting for them to navigate due to myriad of regulations, lack of common infrastructure for digital economy By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore CITIGROUP is helping e-commerce players expand their operations in Asean, where the potential is huge
      FILE PHOTO  -  720 words
    • Article, Illustration
      Lock icon Low family fights to stop 1MDB asset seizure by US
      642 4 BLOOMBERG Los Angeles MALAYSIAN financier Low Taek Jho’s family is reaching far and wide to stop the US from seizing US$650 million in real estate and business investments that the government claims were acquired with funds stolen from his home
      BLOOMBERG; PHOTO: SOUTH CHINA MORNING POST  -  642 words
    • Article, Illustration
      Lock icon Motor-insurance market to grow next year: AIG
      463 5  -  It identifies growth in rental vehicles, use of telematics and younger drivers as factors By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE motor insurance market is expected to grow in the year ahead, given a rising number of rental vehicles, greater use of telematics
      FILE PHOTO  -  463 words
    • Article, Illustration
      Lock icon COE premiums mostly down; goods vehicles, buses buck trend
      339 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CERTIFICATE of Entitlement (COE) premiums fell across most categories in the latest bidding round on Wednesday, with the premium for big cars emerging lower than that for small cars. The premium for goods vehicles and
      Compiled by BT  -  339 words
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      Lock icon Page 3 Advertisements Column 1
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      25 4 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988
      25 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      183 5 A STAR ALLIANCE MEMBER f ENJOY NEW HEIGHTS OF FLYING WITH EXCLUSIVE ALL-IN MASTERCARD® FARES FIRST BUSINESS ECONOMY APPORO BUSINESS CLASS $2,098 fr ECONOMY CLASS $578 MOSCOW ECONOMY CLASS <r, r i "I V 1 rm 4 V Call your Travel Agent or visit thaiairways.com.sg for the full list of
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  • COMPANIES & MARKETS
    • Article
      Lock icon ISR Capital chairman defends mining asset purchase
      821 6  -  In response to SGX’s query, firm says it intends to commission a third independent valuation report By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore ISR Capital, which has had its shares suspended from trading by the regulator, said on Wednesday it will commission a third
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    • Article
      Lock icon Vallianz: Two directors probed as Swiber board members
      390 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore VALLIANZ Holdings said on Wednesday that two of its non-executive directors, Yeo Jeu Nam and Yeo Chee Neng, were interviewed by the Commercial Affairs Department (CAD) in their capacity as directors of Swiber Holdings a day
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    • Article
      Lock icon MISC may land first floating production contract award in 2017
      519 6  -  By hweetan@sph.com.sg Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KUALA Lumpur-listed shipping giant MISC, in a joint bid with Duta Marine, is said to have pulled ahead in the tender for what could be the first floating production unit to be
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    • Article, Illustration
      Lock icon Masayoshi Son’s US$50b investment pledge shows his knack for spectacle
      559 6 BLOOMBERG Tokyo MASAYOSHI Son’s well-timed meeting with Donald Trump is introducing US audiences to a side of the billionaire already familiar in Japan a consummate showman. His knack for spectacle was on display on Tuesday as the founder of SoftBank
      BLOOMBERG; PHOTO: REUTERS  -  559 words
    • Article
      Lock icon Digging into ISR’s mining deal just yields more questions
      876 6  -  HOCK LOCK SIEW BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT THE nagging problem with ISR Capital’s proposed acquisition of a rare-earth mining asset is that the company’s answers to numerous queries just keep raising even more questions. That might shed some light on
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    • Article
      Lock icon Medtronic’s China unit fined 118.5m yuan for price fixing
      173 6 REUTERS Beijing A CHINESE regulator has fined a local unit of US-listed medical device firm Medtronic PLC 118.5 million yuan (S$24.4 million) for price fixing, the National Development and Reform Commission (NDRC) said in a statement on Wednesday. The state planner
      REUTERS  -  173 words
    • Article
      Lock icon Controlling shareholder of Abterra under liquidation
      284 7 Firm calls for trading halt, saying it needs time to assess the impact, as stock dives following the news Singapore NATURAL resources trader Abterra Ltd said on Wednesday that its controlling shareholder, General Nice Resources (Hong Kong), has been put under liquidation by the
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    • Article
      Lock icon Foreland Fabrictech lodges CAD complaint against former exec chairman
      331 7 Singapore CHINESE textile maker Foreland Fabrictech Holdings has followed up on a recent public reprimand from the Singapore Exchange (SGX) with its own action; it has lodged a complaint with Singapore’s white-collar-crime police against its former executive chairman. SGX had, on
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    • Article
      Lock icon Mermaid cancels order for dive support vessel
      321 7  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MERMAID Maritime Public Co has cancelled its order for the dive support and construction vessel Mermaid Ausana in light of challenging conditions in the oil and gas industry, the drilling services company announced on Wednesday after the
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist Straits Times Index Dec 7, 2016 2,959.84 +10.72 (+0.36%) Current streak 3 days Day high 2,961.40 Day low 2,948.49 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Dec 7,2016 442.88 +1.26 (+0.29%) Current streak 2 days Day high 443.38 Day
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    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty50 ETF10 ***** 126.6 0.7 *****/***** DBXT STGLDv US$ 3093 75.4 1.7 3608/2731 Lyxor MS India US$ 1460 47.0 2.3 1630/1331 DBXT MSKorea US$ 5565 39.8 0.5 6041/4629 Prudential USD 2001 29.9 1.1 2191/1600 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2
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    • Article
      Lock icon LOSERS
      72 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5360 -68.3 -0.9 6371/4500 JSH USD 3255 -65.5 -1.4 3605/2524 Jardine C&C 4120 -36.0 -0.9 4520/3160 DBXT Vietnam US$ 2172 -28.5 -0.9 2533/2017 GLD US$ ***** -18.5 -0.1 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low ASL Marine R 0.2 -50.0 -0.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Infinio 13,030.1 0.002 +0.001 +100.00 AVIC 317.2 0.048 +0.003 +6.67 SingMyanmar 15,681.4 0.615 +0.035 +6.03 Starburst 205.4 0.198 -0.037 -15.75 Seroja Inv 155.5 0.040 +0.002 +5.26 Sinostar Pec 1,047.0 0.125 +0.010 +8.70 China Taisan 545.8 0.055 +0.003 +5.77 GS Hldg 110.4 0.335 +0.025 +8.07 Beng
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    • Article, Illustration
      Lock icon Banks continue to spearhead STI rise
      677 8  -  This comes on the back of extended gains of US financial shares that lifted the Dow to another record close on Tuesday TTSTOCKS By Claire Huang huangjy@sph.com.sg @ClaireHuangBT SINGAPORE banking shares continued to lend their weight to the benchmark Straits Times Index (STI), pushing
      Source: Bloomberg  -  677 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 +1 240/237 257 209 6.4 6672 CapitaCom Trust 154 +1 155/153 164 127 5.6 4563.8 CapitaLand 310 unch 311/307 340 280 12.4 2.9 *****.2 CapitaMall Trust 195 +1 195/193 225 185
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    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME Noble 128,677,900 Spackman 108,362,000 Genting Sing 60,515,900 QT Vascular 44,087,000 Alliance Mineral 36,134,500 Market volume 1,798,519,000 VALUE DBS Grp 171,287,075 OCBC Bank 63,532,824 UOB 61,752,929 Genting Sing 60,988,899 Singtel 56,174,746 Market value 1,158,169,000
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    • Article
      Lock icon SGX ETFs
      110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 301 +1 263 301/299 301/254 300/301 IS MS INDIA US$ US670 190 674/670 772/441 668/670 83.8 DBXT MSBANGL US$ US106.2 +0.9 142 106.2/105.7 106.3/93.7 104.9/105.5 4.4 DBXT MSPacXJp US$ US496 -4 46 497/496 510/401
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Dec 7 VALUE CLOSE BT OB/OS -31.00 +24.00 BT CADI -*****.00 +16.00 BT 10-day MA -*****.00 -3.00 FTSE ST Mid Cap 689.91 +1.05 FTSE ST Small Cap 385.50 +0.07 FTSE ST All Share 721.53 +1.81 FTSE ST China Top 162.85 +0.09 FTSE ST China 206.36 +0.83 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Dec 7,2016 721.53 +1.81 (+0.25%) Current streak 3 days Day high 721.91 Day low 719.35 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 8 STI MSCI EAFE MSCI EAFE index Dec 6, 2016 1,653.06 +15.90 (+0.97%) Current streak 2 days Day high 1,653.66 Day low 1,642.19 52-week high 1,734.72 (Sept 7, 2016) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 5 1 0 0 6 6 5 Manufacturing 33 33 30 9 9 8 42 42 38 Commerce 13 15 8 2 1 5 15 16 13 Tpt/Stor/Comms 11 7 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,691 428 13,119 42,289 69 42,358 Manufacturing 126,775 110,644 237,419 125,876 5,193 131,069 Commerce 171,824 14,271 186,095 134,014 359 134,373 Tpt/Stor/Comms 70,558 290 70,848 120,356 27 120,383 Finance 23,296 208 23,504 307,756 31 307,787 Construction
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Reits | Overweight
        207 8 Singapore Reits Overweight OCBC Investment Research, Dec 7 Looking back at the financial performance of the S-Reits sector year to date, we see a common trend of a moderation in DPU growth, with some Reits even recording negative growth for 9MCY16. The key factors driving the softer performance can be
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      • Article
        Lock icon Singapore banks
        246 8  -  Compiled by Melissa Tan DBS Group Research, Dec 7 We are raising FY17-18F earnings on higher net interest margin (NIM) in anticipation of rising interest rates. We have also removed the risk premium attached to our valuation assumptions for a crisis mode previously. This results in a shift
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    • Article
      Lock icon CALENDAR
      9 8 DATA I Dec 8 US Initial Jobless Claims
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    • Article
      Lock icon US$ edges up against yen; traders await ECB cues
      387 9 CURRENCIES REUTERS London THE US dollar edged back up towards a 10-month high against the yen on Wednesday, while most major currencies appeared to be looking ahead to Thursday’s European Central Bank policy meeting. The ECB is widely expected to announce
      REUTERS  -  387 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 5.113 0.693 5.756 50.382 99.081 0.848 8.673 3.290 1.043 77.728 36.923 1.056 10.144 0.749 23.668 26.456 0.587 0.742 Canada 1.014 5.187
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Dec 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0556 1.0564 0.7419 0.7423 Canadian dollar 1.0711 1.0714 0.7528 0.7527 Euro 1.5245 1.5253 1.0714 1.0718 NZ dollar 1.0125 1.0132 0.7116 0.7120 Sterling pound 1.7980 1.7989 1.2636 1.2641
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Dec S$ Bid Offer 1-month 1.4227 1.4230 2-months 1.4226 1.4230 3-months 1.4225 1.4229 6-months 1.4223 1.4229 Source: OCBC
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 9 Dec 7 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.50 *****.50 *****.50 *****.00 ***** *****7 Jan17 *****.50 *****.00 *****.00 *****.50 1552 7208 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 *****3 *****6 Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****0 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        210 9 Most active Dec 7 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.5 unch 6738 1 1 36 2.20 8 OCBC BK MB ECW*****6 9.4 0.4 3055 0.1 900 3 UOB MB eCW*****3 13.9 -0.1 2500
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 6 Index Change Change Change Change Change Change World Preliminary 1333.3 0.3 4.3 0.1 3.7 0.3 3.7 EAFE Preliminary 998.3 0.8 -1.5 0.7 -3.7 1.0 -3.7 Europe Preliminary 1399.4 1.0 -0.9
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 7 $S Offer Bid 0vernight 0.03 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.04 US$ Offer Bid 7 days 0.65 0.55 1 month 0.80 0.70 2 months 0.90 0.70 3 months 1.10 0.90 6 months 1.40 1.20 9 months 1.55 1.35 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Dec 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.83 5-Year N*****0Z 1.250 01-Oct-21 97.55 97.65 97.40 10-Year NX*****F 2.125 01-Jun-26 98.17 98.35 98.07 15-Year NZ*****F 2.875 01-Sep-30 102.21 102.34 102.10 20-Year NZ*****X 2.250 01-Aug-36 92.64 92.85 92.35
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 9 Dec-6 Price Net change change Last Trade Agricultural Dec-6 CBOT Soybeans (US cents/bu) 1047.75 4.25 0.41% 13/01/2017 CBOT Soybean Oil (US cents/lb) 37.62 0.13 0.35% 14/12/2016 CBOT Wheat (US cents/bu) 389.50 0.25 0.06% 14/12/2016 Dec-6 LIFFE Cocoa (£/tonne) 1830.00 -31.00 -1.67% 13/12/2016 LIFFE Coffee (US$/tonne) 2039.00 -25.00 -1.21%
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    • Article
      Lock icon At least four tech Catalist IPOs lined up for H1 next year: SGX
      568 10  -  They include that of financial technology firm Ayondo through a backdoor listing By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore Exchange’s (SGX) junior Catalist board has lined up at least four technology company listings for the first
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    • Article
      Lock icon Henderson holding Reits, avoiding banks
      502 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE growth outlook for both dividends and earnings in the overall Singapore stock market is dim but some Singapore real estate investment trusts (Reits) are still good sources of income, asset managers at Henderson Global Investors told a press
      502 words
    • Article
      Lock icon S Korea to fine VW 37.3b won, pursue execs over emissions ads
      303 10 REUTERS Seoul SOUTH Korea said it will file criminal complaints against five former and current executives at Volkswagen AG’s South Korean unit and fine the company a record 37.3 billion won (S$45.49 million) for false advertising on vehicle
      REUTERS  -  303 words
    • CORPORATE DIGEST
      • Article
        Lock icon Citic Envirotech
        64 10 A CONSORTIUM comprising Citic Envirotech, Guangdong Keying Zhiran Environmental Co and Zhongsheng Technology (Jiangsu) Co has clinched a 3.2 billion yuan (S$659.5 million) public-private-partnership infrastructure project in Shantou Chaonan in China’s Guangdong province. The three partners will incorporate a joint venture with 600 million yuan of capital to
        64 words
      • Article
        Lock icon Fraser and Neave
        54 10 DRINKS maker Fraser Neave (F&N) said its dairy investment and beverage manufacturing units are each taking part in a competitive bid process to each acquire a 2.7 per cent stake in Vietnam Dairy Products Joint Stock Co, also known as Vinamilk. F&N Dairy Investments already owns 10.95
        54 words
      • Article
        Lock icon Silverlake Axis
        59 10 SILVERLAKE Axis has sold 6.8 million shares of Shenzhenlisted financial information software solutions provider Global Infotech Co for 144.44 million yuan (S$29.8 million). Silverlake, a digital business solutions provider, still has 14 million shares in Global Infotech. Proceeds of the sale will be used for working capital, special
        59 words
      • Article
        Lock icon New Silkroutes
        43 10 NEW Silkroutes Group has redesignated lead independent and non-executive director Ho Sheng as independent, nonexecutive chairman of the board. He will replace Cai Sui xin, who is stepping down from New Silkroutes’ board and chairmanship to focus on his own businesses.
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      • Article
        Lock icon Oriental Group
        92 10 ORIENTAL Group has received letters of demand for about S$11,353 of payments by Hoe Leong Metal Machinery and by Steelforce (SEA). Oriental, a steel trading company, said it is seeking legal advice. Oriental’s existing board also rejected notices of willingness by a slate of board nominees that have
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    • Article
      Lock icon SGX MAINBOARD
      1784 11 Transaction date: Dec 7 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 132.5 unch 399 133.5 131.5 0.9 8.6 844.4 C'vr 172.5 101 ARA Asset
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    • Article
      Lock icon SGX CATALIST
      315 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 0.5 0.1 t Advanced Systems 0.2 unch 21 0.2 0.2 5.3 46.5 29.5 t Advancer Global 37 -0.5 34 37 36.5 14.7 64.1 15.9
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    • Article
      Lock icon SGX ETF
      114 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3118 +16 5 3118 3113 8.6 Day 1388 995 DBXT MSCHINA US$ US1288 +19 7 1288 1288 6041 4629 DBXT MSKorea US$
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      25 7 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988
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      Lock icon Page 7 Advertisements Column 2
      1783 7 ORIENTAL GROUP ORIENTAL GROUP LTD. Company Registration Number: *****1998C (Incorporated in the Republic of Singapore) 7 December 2016 Shareholders of Oriental Group Ltd 180 Woodlands Industrial Park E5 #02-09 Woodlands Auto Hub Singapore *****2 Dear Sirs FOR IMMEDIATE ATTENTION ORIENTAL GROUP LTD. (THE “COMPANY”) NOTICE OF WILLINGNESS TO BE ELECTED
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      911 10 SINGAPORE MYANMAR INVESTCO LIMITED Company Registration Number *****5764Z (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of SINGAPORE MYANMAR INVESTCO LIMITED (the “Company”) will be held at Sky Garden Meeting Room, 21st Floor Straits Trading Building, 9
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      826 10 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g TWINKLESTAR
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      759 10 IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF AVIC INTERNATIONAL SHIP ENGINEERING PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (CO. REG. NO. *****7428M) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 16 Collyer Quay, Income at Raffles, #34-02, Singapore *****8 on
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      101 11 SGX== SGX Academy Launches Certified Securities Professionals Programme Ideal for individuals seeking a career in the securities industry. The robust 10-modular curriculum equips you with industry knowledge, investment analytics and client engagement skills through case studies and role plays. Find out more at bit.ly/SGX-CSP Singapore Exchange This advertisement has been
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Mixed views over West Coast Vale residential site
      630 12  -  Some consultants see warm bidding interest in the site newly released by URA, others expect the slow take-up at nearby condo project to dampen interest By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE newly released residential site at West Coast Vale under the
      Source: JLL, URA  -  630 words
    • Article
      Lock icon Hong Kong faces housing risks as Fed tightening looms: IMF
      382 12 Fund also flags risks from market volatility linked to UK and European banks BLOOMBERG Hong Kong STRETCHED property valuations mean Hong Kong’s economy is vulnerable if interest rates rise faster than expected, the International Monetary Fund (IMF) said. In its
      BLOOMBERG  -  382 words
    • Article
      Lock icon HK builders Wheelock, Sun Hung Kai may cut loan costs
      341 12 BLOOMBERG Hong Kong THE latest round of financing being raised by Hong Kong real-estate developers Wheelock Co Ltd and Sun Hung Kai Properties Ltd is likely to drive down loan pricing further as banks compete to lend to corporates by
      BLOOMBERG  -  341 words
    • Article, Illustration
      Lock icon A casino resort rises in Maryland, transforming sand to shimmer
      1106 12 NYTIMES Oxon Hill, Maryland As MGM opens a new resort this week on a hillside overlooking the Potomac River, it will deliver a victory in a long effort to develop a shoreline carved from a sand-and-gravel pit. The US$1.4 billion
      NYTIMES; PHOTO: NYTIMES  -  1,106 words
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      Lock icon NY hotel project seeks to recapture shining moment in air travel
      978 13 MCR Development plans to restore the Trans World Flight Center and turn it into the entrance to the US$265m TWA Hotel NY TIMES New York IN 1962, architect Eero Saarinen’s Trans World Flight Center at what is now Kennedy
      NY TIMES; PHOTO: NYT  -  978 words
    • Article
      Lock icon Househunt
      1802 13 Property transactions for selected districts with contract dates between Oct 26 and Nov 1,2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 27/10/2016 99 1119 2472 2208 V On Shenton Apt 28/10/2016 99 1765
      1,802 words
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      80 12 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. nil W: www.smats.net E: smats@smats.net T:
      80 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Credit Suisse to slash costs by 1b francs
      660 14 It also lowers profit targets for international wealth management and Asian units BLOOMBERG Zurich CREDIT Suisse Group AG has lowered profit targets at two units and pledged to cut another one billion Swiss francs (S$1.4 billion) in costs, as a slump in
      BLOOMBERG; PHOTO: AFP  -  660 words
    • Article
      Lock icon JPMorgan, Credit Agricole and HSBC fined for Euribor rigging
      424 14 BLOOMBERG Paris JPMORGAN Chase Co, HSBC Holdings Plc and Credit Agricole SA were fined a total of 485.5 million euros (S$738 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a five-year investigation into the scandal. The
      BLOOMBERG  -  424 words
    • Article
      Lock icon Italy preparing to take controlling stake in Monte dei Paschi – sources
      658 14 Italy preparing to take controlling stake in Monte dei Paschi sources The govt, the bank’s single largest shareholder with a 4% share, plans to take the stake up to 40% REUTERS Rome ITALY is preparing to take a 2 billion euros (S$3 billion) controlling stake in Monte dei Paschi di
      REUTERS  -  658 words
    • Article
      Lock icon New China trend: borrow from the future to enjoy the present
      428 14 Online peer-to-peer lending jumps; car loans and mortgages nearly double BLOOMBERG New York CHINA’S savers, who sock away cash like almost no one else in the world, are racking up more debt as borrowing options proliferate. Ninety-four per cent
      BLOOMBERG  -  428 words
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      64 14 “McBeth delves deep into the character of one of Indonesia’s least understood leaders. His grasp of Yudhoyono’s presidency makes for compelling reading and offers an important guide to Indonesia today for the general reader.” Michael Vatikiotis, former editor of the Far Eastern Economic Review Read veteran Indonesian watcher John McBeth’s
      64 words
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      38 14 NEW TAKE ON WASTE Growing band of Indian artistenvironmentalists turn waste into works of art and usable products LOCAL START-UP PUTS SINGAPORE ON THE WORLD MAP GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • ENERGY & COMMODITIES
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      50 15 Current Affairs Special Singapore Economy at the Crossroads What's Next? Watch ministers, business representatives and scholars discuss all about future economy! Broadcast details 6 Dec 2016 to 3 Jan 2017 New episode every Tuesday 9.30pm on StarHub TV E City CH111/825 ●10.00pm on zaobao.sg http://bit.ly/zb-it-matters Chinese programme with English subtitles
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  • TECHNOLOGY
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      43 16 bad zaoo£ r Sr 1 ar «B**i#^2#JiiI**»M; ifr»n$S2FT$1pl£1plM- w TTT i Ml Lianhe Zaobao's 5-episode talkshow "It Matters-The Future of Us" premieres What's next as Singapore economy stands at the crossroads? sts^ SEE rfr 1 bit.ly/ZBJtMatters-TheFutureOflls Chinese Language Content With English Subtitles hiss?
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  • CONSUMER
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      79 17 THE POWER OF SHARING SHARINGOPENSUPNEWPOSSIBILITIES “Sharingcreativeideaswithourlarge-scaleoutdoorplatforms inspirespeopletothinkoutofthebox.” –IreneSim,ProductDevelopmentExecutive,SPHMBO At SPH, we recognise the power of sharing in a world that’s more connected than ever, across multiple platforms. Sharing helps to bring about understanding of differences and change. From our newspapers to magazines, digital platforms to radio, out-of-home media to shopping
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Australia economy in rare contraction as spending falls
      661 18 Sept quarter contraction of 0.5% is weakest figure in eight years despite recent upswing in commo prices AFP Sydney AUSTRALIA’S economy contracted for just the fourth quarter in 25 years, official data showed on Wednesday, slowing the annual growth rate to 1.8
      AFP; PHOTO: AFP  -  661 words
    • Article
      Lock icon Trump is Time’s ‘Person of the Year’
      258 18 AFP New York TIME magazine on Wednesday named Donald Trump its “Person of the Year” for 2016 for his stunning upset election victory that rewrote the rules of politics, delivering him to the helm of a divided America. The president-elect dialled into NBC
      AFP  -  258 words
    • Article
      Lock icon Aides to Korean ‘Rasputin’ testify to her power
      611 18 She had say over President Park’s wardrobe, speeches and top appointments AFP Seoul FRIENDS and associates of the woman at the heart of a corruption scandal engulfing South Korean President Park Geun-hye told a hearing on Wednesday that her influence extended to
      AFP  -  611 words
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      Lock icon UK lower house seen supporting move to trigger Brexit: study
      960 18 REUTERS London WHILE the British government tries to prevent Parliament voting on its plan to trigger the country’s exit from the European Union (EU), Reuters research indicates the lower house would in fact support its move, based on lawmakers’ recent
      REUTERS; PHOTO: AFP  -  960 words
    • Article
      Lock icon China cautions against ‘irrational’ overseas acquisitions
      333 18 AFP Shanghai CHINA has urged domestic companies to avoid “irrational” overseas investments following a record-setting buying spree that has worried authorities about capital outflows and rash spending. The rebuke carried by the Xinhua news agency did not single out particular firms but highlighted areas
      AFP  -  333 words
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      Lock icon Foxconn confirms US investment; Softbank soars
      744 19 They are involved in a US$50b deal announced by Donald Trump in New York, alongside Softbank CEO Masayoshi Son AFP Taipei TAIWAN’S tech giant Foxconn confirmed on Wednesday that it was in talks over a new US investment, while SoftBank shares soared after Presi-dent-elect
      AFP; PHOTO: REUTERS  -  744 words
    • Article
      Lock icon Ex-senator lobbies Trump transition officials for Taipei: documents
      564 19 Paid agent Dole also aided in efforts to influence the Republican Party platform BLOOMBERG Washington FORMER US senator Bob Dole, acting as a paid lobbyist for Taiwan’s government, connected Donald Trump’s staff with Taiwanese officials in advance of an unprecedented phone call
      BLOOMBERG  -  564 words
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      Lock icon Taiwan November exports grow at fastest rate in nearly four years
      554 19 REUTERS Taipei TAIWAN’S exports in November grew at their strongest pace in nearly four years, as global retailers stocked up on the island’s hi-tech gadgets for the year-end shopping season, but analysts said momentum will fade as seasonal demand
      REUTERS; PHOTO: REUTERS  -  554 words
    • Article
      Lock icon BBC under probe for profile of new Thai king
      440 19 AFP Bangkok THAI authorities are investigating the BBC over a Thai-language profile of the nation’s new king, officials said on Wednesday, after the article outraged ultra-royalists in a country where criticism of the monarchy is outlawed. Thailand’s harsh royal defamation law
      AFP  -  440 words
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      262 19 NOTICES NOTICE TO HOLDERS OF RESULT OF THE MEETINGS TATA INTERNATIONAL SINGAPORE PTE. LIMITED (the Issuer) (Incorporated in Singapore) (Company Registration No. *****2066R) NOTICE to the holders of those of the S$50,000,000 4.30 per cent. senior notes due 2018 (ISIN: SG55D*****13) (the Notes) S$150,000,000 6.65 per cent. guaranteed senior perpetual
      262 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Boeing proposes plan to cut Air Force One cost
      1288 20 This follows Trump’s tweet that costs to build new planes are out of control and the Boeing order should be cancelled BLOOMBERG New York BOEING Co executives have told officials on US president-elect Donald Trump’s transition team that the cost of
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,288 words
    • Article, Illustration
      Lock icon Alaska Air gets nod for Virgin America takeover
      933 20 BLOOMBERG Washington ALASKA Air Group Inc won US antitrust approval for its acquisition of Virgin America Inc, a takeover that extends years of consolidation in the industry and expands Alaska Air’s access to the lucrative cross-country market. Under an agreement with the
      BLOOMBERG; PHOTO: BLOOMBERG  -  933 words
    • Article
      Lock icon dnata Singapore clinches deals with Cathay Pacific and subsidiary
      141 20 Singapore GROUND handler dnata Singapore has won multi-year contracts with Cathay Pacific, for passenger and ramp services, and with its subsidiary Air Hong Kong, for freighter aircraft and cargo handling. Cathay Pacific, which operates 63 flights a week from Changi Airport’s
      141 words
    • Article
      Lock icon Bombardier seeking new C series mega deal
      429 20 BLOOMBERG London BOMBARDIER Inc anticipates another major order for the C Series jet next year following project-bolstering deals from Delta Air Lines Inc and Air Canada in 2016, and may announce a smaller contract this month. The Canadian planemaker is pursuing prospects including
      BLOOMBERG  -  429 words
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      991 21 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus
      991 words
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  • OPINION
    • Article
      Lock icon Early M’sian GE in delicate climate could strain multiracial country more
      552 22 EDITORIAL HIGHLY optimistic despite an unprecedented financial scandal that has hurt his reputation, Malaysian Prime Minister Najib Razak signalled a week ago that he could call a general election (GE) “soon”. This was quite a surprise move since, less
      552 words
    • Article, Illustration
      Lock icon Trump scores on first foreign policy test?
      1444 22  -  Phone conversation with Taiwan president could be part of a new American grand strategy By Leon Hadar Washington IF you’ve taken a university course on American foreign policy or US presidential policymaking, my guess is that during at least one class, the professor
      PHOTO: AFP  -  1,444 words
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      Lock icon Trump towers over financial market perceptions
      838 22  -  THE BOTTOM LINE By Anthony Rowley Tokyo THE dollar has surged, stocks have entered a mini bull market, the prolonged malaise of disinflation and deflation is giving way to concerns about inflation and rising interest rates, while the global economy is said suddenly to
      838 words
    • Article
      Lock icon Beijing needs to find ways to close its soft-power deficit
      1073 23  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS at the London School of Economics London FRIDAY, Dec 9, marks the 15th anniversary of China’s landmark accession to the World Trade Organization (WTO). In the decade
      1,073 words
    • Article
      Lock icon Trump may be just what the doctor ordered to rescue the eurozone
      925 23  -  By Daniel Gros T The writer is director of the Centre for European Policy Studies pare timated. Indeed, Mr Trump could well end up saving the euro. PROJECT SYND I CATE Brussels EUROPE has just endured two more
      pare timated. Indeed, Mr Trump could well end up saving the euro. PROJECT SYN- D I CATE  -  925 words
    • Article, Illustration
      Lock icon A blanket cap on board tenure would do more harm than good
      1028 23  -  Just limit the terms of committees, such as audit and compensation, where independence is fundamentally important. BY ALEX TAN TAI LOONG BY ALEX TAN TAI LOONG T The writer is a senior research fellow at the institute of
      PHOTO: FILE; Source: Alex Tan Tai Loong  -  1,028 words
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  • LIFE & CULTURE
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      Lock icon RWS pledges up to S$300,000 to Community Chest
      395 24  -  Integrated resort will donate S$10 for every ticket sold at SEA Aquarium and Pokemon Research Exhibition in Dec By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore RESORTS World Sentosa (RWS) has pledged a sum of up to S$300,000 to the Community Chest as part
      395 words
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      Lock icon Tableall.com sells coveted dining access to Japan restaurants
      735 24 BLOOMBERG Tokyo ARE you a business traveller who wants to jump to the front of the waiting list for Tokyo’s most exclusive restaurants? Check out this former Goldman Sachs Group Inc trader’s new venture. Takashi Yamada, who worked at the Wall Street
      BLOOMBERG; PHOTO: BLOOMBERG  -  735 words
    • Article, Illustration
      Lock icon Climate change a challenge for Australia winemakers
      668 24 AFP Orange, Australia WHEN an unprecedented heatwave hit South Australia state, home to the world-renowned Barossa Valley winemaking region, viticulturists fretted about the impact on their grapes. The crops survived, but the extreme weather last year was a reminder of how climate change
      AFP; Jarrett, who PHOTO AFP  -  668 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      330 24 CRYPTIC CROSSWORD Across 1 Concede new hotel worth it having been rebuilt (5,2,3,5) 9 Hit back and prune plant (7) 10 Offer a lot for sale? (7) 11 The Italian politician is narrow-minded (9) 12 Give way, leaving space demarcated (4) 13 Sort of music book, one of four (6)
      330 words