The Business Times, 15 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 S$1.20 businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Thursday, December 15, 2016
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  • Article, Illustration
    Lock icon DAILY DIGEST
    237 1 For the sixth consecutive time, private-sector economists have cut Singapore’s 2016 growth forecast this time to just 1.4 per cent and also trimmed 2017’s projection to 1.5 per cent, evaporating any hopes for a marked improvement next year. TOP STORIES 2 HDB will launch about 17,000 new flats
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  • Article
    Lock icon TPG Telecom is Singapore’s 4th telco
    787 1  -  The Australian firm bid S$105 million, edging out hotly tipped MyRepublic which bid S$102.5 million By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore AFTER 16 years, Singapore has landed itself a fourth telco. TPG Telecom, an Australian firm, made the winning bid of S$ 105 million
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  • Article, Illustration
    Lock icon Private residential market bottoming out
    406 1  -  A mild volume recovery in both the primary and secondary markets in recent quarters is expected to continue into 2017. This marks an important first step towards a sustainable sector recovery. While downside risks to prices still l inger, any fall would be buffered by
    ST FILE PICTURE; Source: URA  -  406 words
  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 2,954.06 -1.17 KL Comp 1,643.29 -1.99 Nikkei 225 19,253.61 +3.09 Hang Seng 22,456.62 +9.92 Shenzhen B 1,132.96 -1.02 Dow(10.45am EST) 19,874.12 -37.09
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      76 1 "*****1 3000 1 1 THE BUSINESS TIMES j OVERSEAS Bearing the prestigious Hallmark of Geneva, this timepiece is the ideal companion for an extraordinary voyage that reveals a unique perspective on the world. It is the only watch of its kind. CRAFTING ETERNITY SINCE 1755 VACHERON CONSTANTIN GENEVE £7 OVERSEAS
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      14 1 SINGAPORE’S TOP FIRMS BT launches Views From The Top video series TOP STORIES 4
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      20 1 STATE VISIT Duterte in Singapore to meet leaders TOP STORIES 4 TECH HEAVYWEIGHT Splunk expands footprint in Singapore TECHNOLOGY 16
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  • TOP STORIES
    • Article, Illustration
      Lock icon High-speed rail deal inked, now the hard work is set to begin
      772 2  -  Singapore and Malaysia will have to navigate a whole host of challenges that will invariably come their way COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT THERE was ample cause for celebration when Singapore and Malaysia finally put pen to
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    • Article
      Lock icon Economists slash GDP growth expectations once more
      763 2  -  Softer forecast pencils in far worse showings in finance insurance and wholesale retail trade sectors By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore FOR the sixth consecutive time, private-sector economists have cut Singapore’s 2016 growth forecast this time to just 1.4 per cent. They have
      763 words
    • Article, Illustration
      Lock icon Uber expands its footprint in Singapore
      579 2  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RIDE-HAILING giant Uber Technologies Inc is expanding its footprint in a big way in Singapore. BT understands that it has leased about 55,000 sq ft on Levels 35 and 36 of Guoco Tower. This is more than double
      PHOTO: REUTERS  -  579 words
    • Article, Illustration
      Lock icon Duterte in Singapore for 2-day state visit
      499 4  -  Philippine leader will call on President Tony Tan and meet PM Lee at the istana By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PHILIPPINE President Rodrigo Duterte arrived in Singapore on Wednesday for a two-day state visit, his first to the Republic since his inauguration
      FILE PHOTO  -  499 words
    • Article
      Lock icon Doctors must justify third-party fees, say three medical bodies
      665 4  -  If questioned by authorities, they must explain why fees paid are reflective of the admin services provided By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore DOCTORS who pay managed-care providers, third-party administrators (TPAs) or medical concierges fees must be prepared to justify them
      665 words
    • Article, Illustration
      Lock icon BT launches first video series Views From The Top
      523 4  -  By Natalie Koh natksl@sph.com.sg @NatalieKohBT Singapore “UNCERTAINTY” is the word on everyone’s lips when it comes to the outlook for 2017. How then do some of Singapore’s top companies plan to forge ahead in the wake of 2016’s series of unexpected
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    • Article
      Lock icon Sibor, SOR up ahead of Fed decision and seasonal factors
      381 4  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore LOCAL interest rates rose on Wednesday, a day before the US Federal Reserve makes its last interest rate announcement for the year. The key 3-month Sibor (Singapore interbank offered rate) typically used to
      381 words
    • Article, Illustration
      Lock icon Japan set to legalise casinos in parliament vote
      609 4 BLOOMBERG Tokyo JAPAN’S parliament is set to legalise casinos on Wednesday, ending years of political wrangling and opening the way for billions of dollars of potential investment. A revised casino bill is expected to pass in parliament’s upper house in a session
      BLOOMBERG; PHOTO: AFP  -  609 words
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      103 5 T i v. w* *4 ■■vr v« N 'V <* V > M ’•1\ sir 'v W •FI 1 •1 are ii "ni avw^j \?i «I» \1V vmm 11 1 DESIGN MEETS FUNCTIONALITY. With added space and functionality, make the new MINI Clubman your everyday car without having to compromise
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  • COMPANIES & MARKETS
    • Article
      Lock icon Can stocks continue rising in a weak economy?
      769 6  -  HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT IT’D be fair to say that many in the stock market have been caught wrong-footed by the rally that followed the election of Donald Trump as the next US president. Just like the result
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    • Article
      Lock icon China regulator to step up curbs on insurers’ stock speculation
      313 6 BLOOMBERG Shanghai CHINA’S top insurance official followed the nation’s securities authority in denouncing insurers’ leveraged buying spree in listed firms, pledging to step up scrutiny of stock-trading activities by the most aggressive acquirers. The China Insurance Regulatory Commission (CIRC) chairman
      BLOOMBERG  -  313 words
    • Article, Illustration
      Lock icon Natural Cool shoots up, prompting SGX query
      321 6  -  HOT STOCKS By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CATALIST-listed Natural Cool was anything but cool on Wednesday when the stock found itself hotly traded in the morning to as high as S$0.50 almost four times the previous closing price of S$0.127. Before the
      Source: Bloomberg  -  321 words
    • Article, Illustration
      Lock icon Sino Grandness share price plummets 22%
      331 6  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE share price of mainboard-listed Sino Grandness Food Industry Group plunged 22 per cent on Wednesday, after the Chinese food manufacturer revised down its terms of a rights issue, citing recent market conditions. It closed the day at
      Source: Bloomberg  -  331 words
    • Article
      Lock icon Asia business confidence falls over sluggish demand, political uncertainty: survey
      646 6 REUTERS Kuala Lumpur CONFIDENCE in Asia towards business conditions over the coming six months dropped in the final quarter of 2016 to its lowest level in a year as firms fretted about sluggish demand in a persistently low-growth economic environment,
      REUTERS  -  646 words
    • Article
      Lock icon Fund managers expect low defaults, global growth pick-up next year
      568 7  -  BlackRock sees some breathing space for debt-laden issuers and positive development for equities BONDS By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore THE Singapore dollar high-yield bond market has experienced wider spreads and some defaults this year but the recent recovery in
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    • Article
      Lock icon Singapore bond issuance up 19.6% at US$24.7b, highest since 2012
      555 7  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE companies’ debt issuance reached US$24.7 billion so far this year, a 19.6 per cent increase over 2015, as they tapped both domestic and offshore bond markets to raise funds. This is the
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    • CORPORATE DIGEST
      • Article
        Lock icon Emas Offshore
        58 7 A MALAYSIAN associate of offshore contractor Emas Offshore is disputing the latter’s claim to shake off a US$43 million repayment obligation from a deal made years ago, setting the stage for a potential legal battle. Emas said in a filing to the Singapore Exchange that the collapsed Perisai
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      • Article
        Lock icon Tiger Airways
        51 7 TIGER Airways Holdings’ wholly owned unit, Roar Aviation III Pte Ltd, has inked a deal to sell its 10 per cent stake in Tigerair Taiwan to China Airlines. Tigerair Taiwan will cease to use the Tigerair website as its sales and distribution platform within 12 months of the
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      • Article
        Lock icon Ryobi Kiso
        29 7 GROUND engineering firm Ryobi Kiso said after Wednesday’s market close that it has secured S$58 million of new contracts since its last update on Sept 19, 2016.
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      • Article
        Lock icon Dapai International Holdings
        86 7 WATCH-LISTED backpack maker Dapai International Holdings said an agreed-upon audit procedure report by accounting and audit firm BDO LLP investigating allegations of improper transactions has been completed. BDO was not able to fully verify whether the transactions referred to in the allegations have been carried out and
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    • Article, Illustration
      Lock icon STI / Catalist
      64 8 STI Catalist Straits Times Index Dec 14, 2016 2,954.06 -1.17 (-0.04%) Current streak 1 day Day high 2,969.01 Day low 2,952.75 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Dec 14,2016 446.17 +1.77 (+0.40%) Current streak 4 days Day high 453.42 Day
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    • Article
      Lock icon GAINERS
      77 8 BY CENTS CLOSE UP 52w high/low DBXT E50 US$ 4622 290.7 4.6 4667/3918 DBXT S&P500 US$ 3963 67.0 1.2 3963/3126 Lyxor LATAM US$ 511 41.3 6.0 572/340 GLD US$ ***** 35.6 0.2 *****/***** DBXT MSAsExJp US$ 3414 29.9 0.6 3633/2772 BY PERCENTAGE CLOSE UP 52w high/low Natural Cool 20
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    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -126.8 -0.7 *****/***** JMH USD 5431 -95.5 -1.2 6371/4500 Jardine C&C 4110 -65.0 -1.6 4520/3160 JSH USD 3285 -49.9 -1.1 3605/2524 DBXT MSINDIA US$ 937 -25.7 -1.9 1049/816 BY PERCENTAGE CLOSE DOWN 52w high/low InnoPac 0.1 -50.0 -0.1 0.4/0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE Natural Cool 59,495.9 0.200 +0.073 +57.48 Ley Choon 433.3 0.033 +0.010 +43.48 Choo Chiang 28.0 0.350 -0.020 -5.41 Enviro-Hub 60.1 0.059 -0.010 -14.49 Goodland 147.1 0.245 -0.055 -18.33 Serrano 900.1 0.003 -0.001 -25.00 China Haida 101.3 0.020 +0.005 +33.33 Banyan Tree 1,999.6 0.505 +0.065 +14.77
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    • Article, Illustration
      Lock icon STI shuffles sideways before Fed move
      614 8  -  Analysts say likely US rate hike of another 25 basis points in December has already been priced in TTSTOCKS Melissa Tan melissat@sph.com.sg @MelissaTanBT ‘TWAS the day before the United States Federal Reserve December meeting minutes, and the slithy toves wait, wrong script. Well, nothing
      Source: Bloomberg  -  614 words
    • Article
      Lock icon STI STOCKS
      304 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 -7 239/231 257 209 6.6 6503.8 CapitaCom Trust 152 -2 154.5/152 164 127 5.7 4504.5 CapitaLand 308 -2 312/308 340 280 12.3 2.9 *****.7 CapitaMall Trust 193 -1.5 196/192.5 225 185
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Magnus Energy 116,621,100 Noble 108,215,400 Spackman 74,392,900 Natural Cool 59,495,900 Ezra 43,446,700 Market volume 1,937,894,000 VALUE Singtel 97,251,750 DBS Grp 76,067,108 Ascendas Reit 50,853,488 UOB 41,018,172 OCBC Bank 34,900,419 Market value 942,903,000
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    • Article
      Lock icon SGX ETFs
      107 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSRussia US$ US251 +3 329 253/248 253/129 249/250 ABF SG Bond ETF 114.5 -0.4 163 115/114.5 120.1/112.1 114.5/115.3 522.7 STI ETF 300 162 301/300 303/254 299/300 DBXT MSINDO us$ US1337 -12 44 1365/1337 1534/1079 1337/1346
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 8 Dec 14 VALUE CLOSE BT OB/OS 1.00 -22.00 BT CADI -*****.00 -15.00 BT 10-day MA -*****.00 FTSE ST Mid Cap 689.42 -1.10 FTSE ST Small Cap 386.09 -0.81 FTSE ST All Share 720.51 -0.76 FTSE ST China Top 162.12 -0.64 FTSE ST China 204.48 -0.23 FTSE ST
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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 14,2016 720.51 -0.76 (-0.11%) Current streak 1 day Day high 723.73 Day low 720.50 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
      33 8 STI MSCI EAFE MSCI EAFE index Dec 13,2016 1,698.42 +16.75 (+1.00%) Current streak 7 days Day high 1,701.01 Day low 1,683.08 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 4 9 3 0 1 0 4 10 3 Manufacturing 34 34 32 10 6 12 44 40 44 Commerce 14 17 13 4 3 5 18 20 18 Tpt/Stor/Comms 11 11 3
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,490 76 10,566 43,033 12 43,045 Manufacturing 107,358 33,011 140,369 112,184 2,094 114,278 Commerce 141,020 14,107 155,127 69,248 266 69,514 Tpt/Stor/Comms 102,823 102,823 149,469 149,469 Finance 13,547 1,261 14,808 162,039 184 162,223 Construction 5,546 1,528
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    • BROKERS’ TAKE
      • Article
        Lock icon Sembcorp Marine | Hold
        193 8 Sembcorp Marine Hold Target price: S$1.43 Dec 14 close: S$1.495 OCBC Investment Research, Dec 14 Since our downgrade to sell in Oct 2015, Sembcorp Marine’s (SMM) share price has corrected by about 40 per cent, compared to the STI’s 3 per cent drop over the same period. At current price
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      • Article
        Lock icon Sheng Siong Group | Sell
        318 8  - Sheng Siong Group Sell Compiled by Melissa Tan Target price: S$0.88 Dec 14 close: S$0.96 Maybank Kim Eng, Dec 13 We downgrade Sheng Siong to Sell from Hold with a blended DCF/PE target price of S$0.88 (from S$1.06). We detect a deal-changing rise in competition for prime selling space and
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    • Article
      Lock icon CALENDAR
      13 8 DATA I Dec 15 Singapore retail sales index US initial jobless claims
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    • Article
      Lock icon US$ dips before Fed rate decision
      411 9 CURRENCIES REUTERS London THE US dollar inched down on Wednesday in the run-up to the Federal Reserve’s policy statement later in the day, with an almost one per cent fall this week showing minimal expectations the Fed will ramp up its forecasts for future
      REUTERS  -  411 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Dec 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.984 5.179 0.704 5.819 50.656 99.657 0.862 8.766 3.336 1.039 78.612 37.305 1.069 10.237 0.759 23.833 26.702 0.592 0.750 Canada 1.016 5.263
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Dec 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0685 1.0693 0.7499 0.7504 Canadian dollar 1.0860 1.0865 0.7624 0.7622 Euro 1.5170 1.5181 1.0647 1.0653 NZ dollar 1.0283 1.0287 0.7217 0.7219 Sterling pound 1.8045 1.8052 1.2665 1.2668
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Dec 14 S$ Bid Offer 1-month 1.4248 1.4251 2-months 1.4248 1.4252 3-months 1.4248 1.4252 6-months 1.4247 1.4252 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 14 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.50 *****.50 *****.00 *****.00 *****3 *****2 Jan17 *****.00 *****.00 *****.00 *****.50 7925 ***** NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****6 Jun17 *****.00 *****.00 *****.00 *****.00 55 177 MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        204 9 Most active Dec 14 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Charisma EnergyServicesW*****8 0.4 -0.1 ***** 1 0 -33 1.50 59 Ntegrator Intl Ltd W*****3 0.4 -0.1 6514 1 1 -7 3.75 23 DBS MB eCW*****0 10.4 0.6
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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 13 Index Change Change Change Change Change Change World Preliminary 1373.2 0.6 7.5 0.6 7.0 0.7 6.6 EAFE Preliminary 1031.8 0.8 1.8 0.8 -0.7 1.0 -1.0 Europe Preliminary 1448.0 1.1 2.5
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        246 9 Dec-13 Price Net change change Last Trade Agricultural Dec-13 CBOT Soybeans (US cents/bu) 1028.00 -3.00 -0.29% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.57 -0.19 -0.52% 14/12/2016 CBOT Wheat (US cents/bu) 398.00 -3.25 -0.81% 14/12/2016 Dec-13 LIFFE Cocoa (£/tonne) 1754.00 22.00 1.27% 13/12/2016 LIFFE Coffee (US$/tonne) 2053.00 23.00 1.13%
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Dec 14 $S Offer Bid 0vernight 0.03 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.35 US$ Offer Bid 7 days 0.75 0.65 1 month 0.75 0.75 2 months 0.95 0.75 3 months 1.10 0.90 6 months 1.40 1.20 9 months 1.60 1.40 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 9 Dec 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.56 104.63 104.53 5-Year N*****0Z 1.250 01-Oct-21 97.12 97.13 97.11 10-Year NX*****F 2.125 01-Jun-26 97.28 97.25 97.00 15-Year NZ*****F 2.875 01-Sep-30 101.08 101.12 100.95 20-Year NZ*****X 2.250 01-Aug-36 91.25
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    • Article
      Lock icon Sunpower Group issues US$110m convertible bonds
      358 10  -  If fully converted at the initial conversion price, the bonds will give subscriber 28.23% equity stake By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MAINBOARD-listed Sunpower Group, which designs and builds energy saving products in China, has secured a substantial investment from a fund owned by
      358 words
    • Article
      Lock icon Keppel Land units in share swaps with Viet real estate company
      366 10  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore KEPPEL Land and Vietnam’s Hung Phu Real Estate Investment Corporation (HRPE) have unwound their cross holdings in two project firms, with each ending up with full ownership in one of them. Keppel Corporation,
      366 words
    • Article
      Lock icon November rout for active funds as investors go for indexes
      225 10 BLOOMBERG Boston STOCK and bond pickers took another hit last month from investors. They pulled US$67 billion from active mutual funds while adding US$70.6 billion to passive funds in November, the most for each category this year, according to data
      BLOOMBERG  -  225 words
    • Article
      Lock icon Australia’s A$2.1t pension funds working to cut out the middleman
      710 10 REUTERS Sydney AUSTRALIAN pension funds are luring dozens of portfolio managers to work in-house to boost returns in a cut-throat investment environment, a move that could see external fund managers lose A$230 million (S$246 million) in annual fees. Two of
      REUTERS  -  710 words
    • Article
      Lock icon SGX MAINBOARD
      1814 11 Transaction date: Dec 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day LOW 149 124.5 AIMSAMP Cap Reit 129.5 -1 651 130.5 128 0.9 8.8 825.3 C'vr 172.5 101 ARA Asset
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    • Article
      Lock icon SGX CATALIST
      271 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap 46.5 29.5 t Advancer Global 37 +0.5 2 37 37 14.7 64.1 LOW 15.3 4.5 t Alliance Mineral 10.4 -0.1 ***** 10.7 10.3
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    • Article
      Lock icon SGX ETF
      112 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3104 +17 4 3104 3096 8.5 422 190 DBXT MSBrazil US$ US364 +2 29 364 362 1388 995 DBXT MSCHINA US$ US1281
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      225 6 THE BUSINESS TIMES NOTICES NOTICE TO CREDITORS OF FIRST MEETING IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF KAI ENGINEERING CONSTRUCTION PTE. LTD. (IN LIQUIDATION) CO. REG. NO. *****8310H COMPANIES WINDING UP NO. 104/2016 Notice is hereby given that the first meeting of the
      225 words
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      82 10 K-VOS EOUCt* j^rGEST iSl*’ 5 m*** j# a *s 'S' BOOKYOUR SPACE NOW! Reach out to parents ages 25 45 years old with children ages 3-12 years old at SmartKids Asia. Promote your brand, products and services at Asia's Largest Educational Kids' Fair, established since 2012! CONTACT US NOW! Mr
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      42 10 MEN WHO COOK More and more men are now donning the apron. tabla! speaks to four such men who share their favourite recipes with our readers UDAIPUR'S WOMEN IN BLUE GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      71 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • REAL ESTATE
    • Article, Illustration
      Lock icon 2017 BTO flat supply set to dip
      706 12  -  ERA key executive officer sees possible impact on resale market as a result of fewer BTO flats being available By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Housing Development Board (HDB) will launch about 17,000 new flats for sale to Singaporeans in 2017, about
      Source: HDB  -  706 words
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      Lock icon Developers, funds target China demand for co-working space amid startup boom
      740 12 REUTERS Hong Kong REAL estate developers and financial investors are capitalising on fast-rising demand for leasing of “co-working” spaces in China, as Beijing encourages startups and small businesses in a bid to offset slowing growth at traditional industries. Developers,
      REUTERS; PHOTO: REUTERS  -  740 words
    • Article
      Lock icon Rental prices, volume stay soft in Nov: SRX
      436 12  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE residential leasing market remained soft last month, with rents of both private homes and HDB flats continuing their downward drift. Private rents slipped 0.8 per cent in November from a month ago, according to flash
      436 words
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      Lock icon Fretting about China’s property market makes sense
      984 13  -  Even if there is no bubble, a downturn could still wreak a lot of damage domestically and around the world By Noah Smith BLOOMBERG New York AMERICANS enjoy an unusual kind of security their big, domestically focused economy isn’t very vulnerable to external
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      Lock icon Househunt
      1672 13 Property transactions for selected districts with contract dates between Nov 2 and Nov 8,2016,2016 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 Bay Residences Apt 07/11/2016 99 1130 2305 2040 The Clift Apt 04/11/2016 99 506 1076
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      149 12 Japan Real Estate Investment OrangeTee Japan Business Development Unit (JBD) in collaboration with Tokyu Livable Inc., Japan We cover All major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, Sendai, Hiroshima, Sapporo, etc. All asset classes: Office, Retail, Residential Hotel, Land, etc. Income yielding assets with high occupancy Real Estate
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      129 12 Agency Licence No.: L*****36J KnightFrank.com.sg Queensway Shopping Centre Retail Unit Prime Retail unit with prominent main road visibility 24hrs access with full glass frontage Ideal for restaurant, food court, leisure, wellness, etc Strata area approx. 2734 sq ft No ABSD SSD Expression of Interest Closing on 19 January 2017 (Thu),
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      144 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. mi W: www.smats.net E: smats@smats.net T:
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  • BANKING & FINANCE
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      432 14 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF MARELENG PTE. LTD. (Co. Reg. No. *****6697G) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the abovenamed Company, duly convened
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Splunk, Nanyang Poly expand partnership
      546 16  -  They start second innovation lab, moving into engineering from IT By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore US-BASED software company specialising in big data analytics, Splunk Inc, is tapping Singapore to groom more talent for its regional operations. Starting with Nanyang Polytechnic (NYP), it has
      PHOTO: NANYANG POLYTECHNIC  -  546 words
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      Lock icon Silicon Valley needs 2017 to be a blockbuster year of tech IPOs
      987 16 BLOOMBERG New York THE health of Silicon Valley’s investing ecosystem in 2017 will depend on something that didn’t really happen this year: a flood of technology initial public offerings. While going public is just one step in a
      BLOOMBERG; PHOTO: BLOOMBERG  -  987 words
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      Lock icon IBM to hire 25,000 in US ahead of Trump meeting
      770 16 BLOOMBERG New York IBM chief executive officer Ginni Rometty said she plans to hire about 25,000 people in the United States and invest US$ 1 billion over the next four years, laying out her vision for filling technology jobs in
      BLOOMBERG; PHOTO: REUTERS  -  770 words
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      Lock icon Line Corp to shake up staff and business
      886 16 BLOOMBERG Tokyo LINE Corp is planning to shake up its staff and business to build on the 20-plus per cent share gain since the messaging company pulled off the technology world’s biggest public offering (IPO) of the year. Chief executive officer Takeshi
      BLOOMBERG  -  886 words
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  • CONSUMER
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      Lock icon Polaroid photos are making a comeback
      709 17 AFP Cleveland AT A photography studio in Cleveland, instructor Nicole Follen is trying to convince her students to step back in time and technology to the age of the humble Polaroid. She wants the students to create something they can touch and feel perhaps
      AFP; PHOTO: BLOOMBERG  -  709 words
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      Lock icon Asian postal services adapt to stay relevant in e-commerce era
      610 17 Some partner convenience stores to provide 24-hour delivery, while others are boosting warehousing and logistics AFP Singapore WITH the pre-Christmas rush at its peak, a serpentine network of conveyor belts at Singapore Post’s new logistics centre moves parcels destined for
      AFP; PHOTO: AFP  -  610 words
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      Lock icon Israel’s coffee king takes on Starbucks with a much cheaper cuppa
      1290 17 BLOOMBERG Tel Aviv NEAR Red Square in Moscow, Irina Kushnir waited for her order of coffee. As soon as she learned that a new coffeehouse was selling all items for 50 roubles (S$1.17), the 28-year-old graduate student decided to
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,290 words
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  • OPINION
    • Article
      Lock icon Action against climate change must go on – even without US
      587 20 Action against climate change must go on even without US EDITORIAL UNTIL the US presidential elections in November, it seemed that the groundswell for global action against climate change was finally gaining major traction. Last year, nearly 200 countries signed the Paris Agreement to limit global warming to under two
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      Lock icon Surging costs in 3 sectors is the real productivity problem
      806 20  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington OUR thinking about productivity is cockeyed, according to a new economic report. We are ignoring the real productivity problem: surging costs for health care, housing and education. We
      THE WASHINGTON POST WRITERS GROUP  -  806 words
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      Lock icon End of Syria’s civil war sets stage for new era
      1426 20  -  Emerging Iran-Syria-Russia axis set to challenge the hegemony that the US has enjoyed in this oil-rich, strategic region. BY DILIP BY DILIP HIRO T The writer is the author of ‘Lebanon, Fire and Embers: A History of the Lebanese Civil
      PHOTO: REUTERS  -  1,426 words
    • Article
      Lock icon Sustainable cities could unlock huge opportunities for Asean
      850 21  -  COMMENTARY By Toby Brennan, Fraser Thompson T Tony Brennan is an engagement manager at AlphaBeta, and Fraser Thompson is a director there. AlphaBeta supported the Business Sustainable Development Commission (BSDC) in the development of the Cities report OVER the next two decades,
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      Lock icon Trumponomics suggests sustained rally in US$
      593 21  -  By George Hoguet T The writer is a member of the Official Monetary and Financial Institutions Forum advisory board and chair of CFA Society Boston OMFIF Boston DONALD Trump’s proposed tax cuts risk further appreciation of the dollar and widening of the US current
      OMFIF  -  593 words
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      Lock icon EU, Canada take a big step towards shaping globalisation
      1219 21  -  CETA is far reaching and sets new standards in several sectors while taking due account of the interests of consumers and citizens. BY MICHAEL PULCH NANCY LYNN MCDONALD BY MICHAEL PULCH, NANCY LYNN MCDONALD T Michael Pulch is the European Union
      PHOTO: REUTERS  -  1,219 words
    • Article
      Lock icon Already under strain, Asian central banks face a tough year ahead
      501 21  -  By Bhavin Patel T The writer is an economist at the Official Monetary and Financial institutions Forum OMFIF London CENTRAL banks in Asia are under significant strain. The November election of Donald Trump as US president and expectations that
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      935 22 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
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  • LIFE & CULTURE
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      Lock icon Positive health impact of Pokemon Go soon diminishes
      415 23 AFP Paris IT HAS been hailed as a revolutionary way to get people moving, using smartphones to pursue cartoon creatures through city parks and streets on foot, instead of taking the car or metro. But has Pokemon Go made people more active
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      Lock icon South Korean seniors take on ‘silver service’ courier jobs
      850 23 They use their free passes on the Seoul subway to shuttle parcels to eke out their pensions BLOOMBERG Seoul CHO Yong Moon, 75, spends nine hours a day, five days a week using his free pass on the Seoul subway to
      BLOOMBERG; PHOTO: BLOOMBERG  -  850 words
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      Lock icon California startup offers longer-shelf-life solution
      1210 23 NYTIMES Santa Barbara, California WHAT if a Florida tomato could be left on the vine long enough to turn red and fully develop its flavour and still be ripe and juicy when it arrived at a grocery store in New York days later? That is
      NYTIMES; PHOTO: NYTIMES  -  1,210 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      342 23 CRYPTIC CROSSWORD Across 1 In bed is not as fortunate (7) 5 Opt out in closed event (4,3) 9 Defeat hearing defect (5) 10 Society member hears about bishop and valet (9) 11 Confirmed international tariff will include new event (10) 12 Time in charge is fair (4) 14 Pants
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      178 24 MITSUBISHI ELECTRIC Changes for the Better A MITSUBISHI ELECTRIC INVERTER L 'Easy To Clean! teachable Inner Vent for Easy Clean EXCELLENT Energy Savings RETEST ENERGY EFFICIENCY RATING Excellent MITSUBISHI ELECTRIC Split type (inverter) Air-conditioner MXY-2G20VA Cooling Capacity: 4.83kW Tested in accordance with ISO *****. Based on 27C/kWh electricity cost, 8
      178 words