The Business Times, 16 December 2016
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2016-12-16
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The Business Times
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Title Section23 2016-12-16 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Friday, December 16, 201623 words
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Article166 2016-12-16 1 Real estate stocks in Singapore dip following the Fed’s rate increase by a quarter point, but analysts say that much of the expectation is already priced in. TOP STORIES 2 Elektromotive Group is morphing into an entertainment company to counter its underperforming electric vehicle charging equipment business. COMPANIES166 words
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Article, Illustration875 2016-12-16 1 US president-elect Trump’s actual fiscal policies will determine future mood By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore AN unexpectedly aggressive outlook from the US Federal Reserve sent Asian markets tumbling on Thursday. “The rate hike was in line with expectations,” CMC Markets market analystSource: Bloomberg - 875 words
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Article, Illustration457 2016-12-16 1 R SIVANITHY - BT Year in charts protectionism Trump.BY R SIVANITHY It’s been a challenging year for the local stock market as it struggled with a slowing domestic economy, low liquidity and external volatility brought on by weak oil, Brexit and the US elections. BanksSource: Bloomberg, SGX - 457 words
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Article26 2016-12-16 1 Thursday Change STI 2,930.77 -23.29 KL Comp 1,636.99 -6.30 Nikkei 225 19,273.79 +20.18 Hang Seng 22,059.40 -397.22 Shenzhen B 1,130.31 -2.64 Dow(10.47am EST) 19,911.71 +119.1826 words
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Advertisement94 2016-12-16 1 "*****1 3000 1 1 m THE BUSINESS TIMES 40TH ANNIVERSARY SHANGHAI’S BID TO BE AN ARTS CAPITAL BT LIFESTYLE 21 1 a: l' -<1 *0 >(l i m i -j .-i.TjIt >■ 0 X> 'LL 1 >. S sc #.:!b- i •«> ft J I i* Ji 5 iia N94 words
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Advertisement28 2016-12-16 1 DINING OUT ippoh Tempura Bar by Ginza ippoh BT LIFESTYLE 25 THE HEAT IS ON TPG Telecom likely to shake things up for telco incumbents top stories 328 words
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Advertisement13 2016-12-16 1 CHILL OUT BT launches new subscription plan for weekend edition TOP STORIES 313 words
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TOP STORIES
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Article, Illustration766 2016-12-16 2 Lee Meixian - Hike already priced in; although higher rates make Reits less attractive than other safe haven instruments REACTIONS TO FED By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore REAL ESTATE stocks experienced slight dips on Thursday, following the Fed’s rate increase by a quarter point. Analysts saidSource: Bloomberg - 766 words
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428 2016-12-16 2 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore AS expected, the Singapore dollar fell and local interest rates rose on Thursday following the interest rate hike by the US Federal Reserve. The Fed raised the target range for its federal funds by 25428 words
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Article, Illustration734 2016-12-16 2 Rob Curran - By Rob Curran btworld@sph.com.sg WEDNESDAY may be the day that a multi-decade decline in interest rates ended. Stocks fell while bond yields and the dollar rose sharply after the Federal Reserve hiked interest rates for the first time in a year and promised a morePHOTO: AFP - 734 words
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805 2016-12-16 2 Mark Haefele - By Mark Haefele THE Federal Reserve has raised US interest rates by 0.25 per cent, in line with expectations. With the median FOMC participant now expecting three rate hikes next year (from two previously), and Fed chairwoman Janet Yellen sounding some caution805 words
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Article, Illustration364 2016-12-16 2 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE Singapore International Arbitration Centre (SIAC) has announced the appointment of senior counsel Davinder Singh as the new chairman of its board of directors with effect from Friday. Mr Singh takes over from Lucien Wong, who stepped down364 words
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Article, Illustration348 2016-12-16 3 By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore STARTING Dec 16, readers can choose to subscribe to The Business Times’ weekend edition on its own. They can get the print edition of The Business Times Weekend, which was relaunched in October, delivered to348 words
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Article, Illustration220 2016-12-16 3 CHAI HUNG YIN - Total retail sales were up by 1.7% from September and 2.2% higher than in October 2015. Excluding vehicle sales, the index saw a 1.5% increase from September, but still 0.3% lower than October 2015. BY CHAI HUNG YIN BT Data BY CHAI HUNG YINBT Data is a new series tracking Singapore’s economic indicators; Source: Department of Statisctics - 220 words
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646 2016-12-16 3 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA is banking on rail to get on track. “Life’s too short to not be on the right track”, proclaims a Klang Valley MRT ad. On Tuesday, Prime Minister Najib Razak and his Singapore counterpart Lee Hsien Loong646 words
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Article, Illustration732 2016-12-16 3 Anita Gabriel - Founder’s signature strategy is anchored on the no-frills, low-overheads model By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore HE rocked the Internet service space down under last year after snapping up a rival and if Malaysian-born Aussie billionaire David Teoh stays onPHOTO ILLUSTRATION: SIMON ANG - 732 words
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Page 3 Advertisements
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Advertisement43 2016-12-16 3 Superstar Hong Kong’s Best Chef The one and only One Fullerton, #02-03B usquba.com HARLAN GOLDSTEIN Book Now Last Two Days 13 Dec 17 Dec 2016 +65 8723 6378 marketing.onefullerton@usquba.com 1 For 1 House Pours All Day Friday Saturday Only Terms and conditions apply43 words
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COMPANIES & MARKETS
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1079 2016-12-16 4 JAMIE LEE - HOCK LOCK SIEW BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT EVEN as the world mourned the death of Muhammad Ali in June, fans were left with a deep mystery that marked the heavyweight boxer's career. It was 1965, and the man with1,079 words
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Article, Illustration421 2016-12-16 4 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore MAPLETREE Logistics Trust (MLT) completed a purchase on Thursday of four properties with a total of 103,517 square metres in gross floor area in Victoria, Australia, for A$142.2 million (S$151.9 million). An acquisition fee ofPHOTO: MAPLETREE LOGISTICS TRUST - 421 words
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Article368 2016-12-16 4 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore MAINBOARD-LISTED warehouse provider Global Logistic Properties (GLP) has announced the establishment of a US$620 million fund that is expected to invest US$1.5 billion over three years. The announcement comes a day after it completed a US$1.1 billion acquisition of368 words
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582 2016-12-16 4 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE independent directors of Vard Holdings have backed a bid by Italy incorporated shipbuilding group Fincantieri to take its Singapore-listed subsidiary private. In an announcement issued before trading hours on Thursday, Vard said that its independent582 words
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483 2016-12-16 5 Chai Hung Yin - It plans to take 63.13% stake in South Korea-incorporated Dream T Entertainment for S$22.7m in cash or shares By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore ELEKTROMOTIVE Group is looking to transform itself into an entertainment company, moving away from its under-performing electric vehicle charging483 words
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349 2016-12-16 5 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) will add Stockholm to its network from May 30, enhancing connectivity between South-east Asia and Northern Europe. The airline will operate flights to Sweden’s capital, via Moscow, using the Airbus A3 50-900 aircraft.349 words
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480 2016-12-16 5 BLOOMBERG Zurich LONZA Group AG, which has a secondary listing in Singapore, has agreed to buy US capsule maker Capsugel SA from KKR Co for US$5.5 billion, as the Swiss biotech and specialty chemicals company seeks to focus more on health care. The priceBLOOMBERG - 480 words
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299 2016-12-16 5 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore MOODY’S Investors Service has upgraded its long-term rating of Singapore’s three large banking groups to “stable” as solvency pressures become manageable, even as it downgraded baseline credit assessments (BCA) and subordinated debt and capital instrument ratings. “The outlook299 words
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CORPORATE DIGEST
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Article88 2016-12-16 5 RELISTED Indonesian coal miner Golden Energy and Resources has come out to assure investors that the company is not aware of any news or circumstances that caused its share price plunge this week. The counter last traded at S$0.44, down four Singapore cents. Golden Energy said88 words
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Article89 2016-12-16 5 Telco Singtel’s Australian subsidiary Optus said it won a A$20 million (S$21.2 million) deal with Townsville City Council to improve its communication and information technology capabilities over five years. Optus will work with the city council to “design and integrate connectivity, data and analytics, sensor networks and smart phone89 words
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213 2016-12-16 5 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore CATALIST-LISTED Artivision Technologies said that it has entered into a non-binding agreement to sell Artimedia, its media solutions subsidiary involved in the video digital advertising business, for S$50 million in cash. The term sheet that213 words
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454 2016-12-16 5 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HIKE in natural gas tariff and higher minimum wage in the glove industry put a dent in profits for Malaysia-lis-ted Top Glove Corporation, which has a secondary listing here, in its first-quarter results for FY2017, despite a454 words
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342 2016-12-16 5 Genevieve Cua - By Genevieve Cua gen@sph.com.sg @GencuaBT Singapore UOB Asset Management on Thursday said it was working with GYC Financial Advisory to include subfunds of US-based Dimensional Fund Advisers into one of its retail unit trusts. From mid-January, up to 60 per cent of the342 words
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Article, Illustration64 2016-12-16 6 STI Catalist Straits Times Index Dec 15, 2016 2,930.77 -23.29 (-0.79%) Current streak 2 days Day high 2,943.79 Day low 2,921.99 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Dec 15,2016 439.28 -6.89 (-1.54%) Current streak 1 day Day high 445.53 Day64 words
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Article, Illustration579 2016-12-16 6 R Sivanithy - STI suffers largest fall in about three weeks, dropping 23.29 points to 2,930.77 STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE US Federal Reserve lived up to expectations with a 2 5 basis points interest rate hike on Wednesday but the surprise came in its “dotSource: Bloomberg - 579 words
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Article304 2016-12-16 6 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 -1 234/229 257 209 6.6 6475.8 CapitaCom Trust 151 -1 152.5/149.5 164 127 5.7 4474.9 CapitaLand 304 -4 309/304 340 280 12.2 3 *****.7 CapitaMall Trust 190.5 -2.5 193.5/190.5 225 187304 words
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Article32 2016-12-16 6 VOLUME Noble 128,946,300 Spackman 89,709,200 ThaiBev 61,757,200 Ezion 33,061,400 Ezra 29,210,900 Market volume 2,070,838,000 VALUE DBS Grp 134,676,572 Singtel 77,403,051 ThaiBev 53,815,712 UOB 53,363,304 OCBC Bank 45,437,204 Market value 1,088,406,00032 words
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Article109 2016-12-16 6 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 297 -3 311 299/297 303/254 297/298 IS MS INDIA US$ US670 -6 227 674/662 772/441 671/673 83.8 DBXT MSRussia US$ US244 -7 201 249/243 253/129 244/245 ABF SG Bond ETF 114 -0.5 155 114.7/114109 words
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Article77 2016-12-16 6 Dec 15 VALUE CLOSE BT OB/OS -183.00 -184.00 BT CADI -*****.00 -146.00 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 681.86 -7.56 FTSE ST Small Cap 383.59 -2.50 FTSE ST All Share 714.93 -5.58 FTSE ST China Top 160.51 -1.61 FTSE ST China 202.60 -1.88 FTSE77 words
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Article76 2016-12-16 6 BY CENTS CLOSE UP 52w high/low Lyxor US DJIA US$ 2026 152.6 5.5 2026/1573 SPDR S&P500 US$ ***** 84.9 0.3 *****/***** Isetan 385 25.0 6.9 435/320 DBXT S&PShort US$ 1853 18.7 0.7 2362/1840 Hyflux 6% CPS 9315 15.0 0.2 *****/9100 BY PERCENTAGE CLOSE UP 52w high/low Elektromotive 0.4 100.076 words
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Article, Illustration35 2016-12-16 6 STI FTSE ST All-Share FTSE ST All-Share index Dec 15,2016 714.93 -5.58 (-0.77%) Current streak 2 days Day high 717.91 Day low 713.57 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-12-16 6 STI MSCI EAFE MSCI EAFE index Dec 14,2016 1,695.91 -2.51 (-0.15%) Current streak 1 day Day high 1,701.77 Day low 1,670.82 52-week high 1,734.72 (Sept 7, 2016) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-12-16 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 5 1 0 0 5 8 5 Manufacturing 29 43 34 6 13 9 35 56 43 Commerce 9 21 18 3 5 5 12 26 23 Tpt/Stor/Comms 8 13 7186 words
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Article124 2016-12-16 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,222 36 13,258 49,961 6 49,966 Manufacturing 132,954 51,731 184,685 128,695 2,247 130,942 Commerce 161,582 15,529 177,111 79,896 203 80,099 Tpt/Stor/Comms 101,941 12 101,953 157,863 1 157,864 Finance 22,267 1,845 24,112 253,929 285 254,214 Construction124 words
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Article73 2016-12-16 6 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -310.9 -2.0 *****/***** DBXT China50 US$ 3014 -129.5 -2.9 3268/2355 DBXT Nifty US$ ***** -100.8 -0.6 *****/***** Lyxor ChinaH US$ 1348 -89.2 -4.4 1442/999 DBXT MSKorea US$ 5622 -53.3 -0.7 6041/4629 BY PERCENTAGE CLOSE DOWN 52w high/low LionGold 0.1 -50.073 words
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Article77 2016-12-16 6 VOL CLOSE($) CHANGE Dynamic Colours 35.0 0.250 +0.020 +8.70 Progen 19.5 0.073 -0.008 -9.88 Axcelasia 225.0 0.090 -0.010 -10.00 Heeton 133.4 0.370 -0.030 -7.50 Epicentre 100.0 0.120 +0.019 +18.81 Southern Pkg 10.0 0.405 -0.075 -15.63 Isetan 10.9 3.850 +0.250 +6.94 TA 17.3 0.260 +0.088 +51.16 Ziwo 2,601.5 0.03277 words
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BROKERS’ TAKE
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Article207 2016-12-16 6 DBS Group Research, Dec 15 TPG Telecom made the winning bid of S$105 million and will be allocated 60MHz of spectrum. The new spectrum rights will commence on April 1, 2017. We project the fourth player to gain 8.5 per cent mobile revenue share by 2022 versus 7207 words
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Article308 2016-12-16 6 Melissa Tan - Sembcorp industries Buy Compiled by Melissa Tan Target price: S$3.20 Dec 15 close: S$2.93 UOB Kay Hian, Dec 14 Sembcorp Industries’ (SCI) utilities earnings are expected to shine in 2017, led by its power business. On an effective capacity basis (gross capacity multiplied by equity stake), we expect capacity growth308 words
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404 2016-12-16 7 CURRENCIES REUTERS London THE euro skidded over one per cent to its lowest levels in 14 years on Thursday, as the US dollar soared across the board, opening up the possibility that the single currency could reach parity with the greenbackREUTERS - 404 words
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FOREX RATES
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Article471 2016-12-16 7 Dec 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 5.138 0.706 5.749 50.240 99.250 0.872 8.749 3.309 1.046 77.670 37.070 1.067 10.437 0.759 23.632 26.485 0.590 0.741 Canada 1.015 5.213471 words
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Article153 2016-12-16 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0661 1.0675 0.7407 0.7412 Canadian dollar 1.0819 1.0829 0.7519 0.7517 Euro 1.5094 1.5106 1.0487 1.0489 NZ dollar 1.0196 1.0208 0.7084 0.7088 Sterling pound 1.8060 1.8077 1.2548 1.2552 US dollar153 words
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Article22 2016-12-16 7 Dec 15 S$ Bid Offer 1-month 1.4394 1.4403 2-months 1.4394 1.4404 3-months 1.4395 1.4406 6-months 1.4394 1.4408 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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207 2016-12-16 7 Most active Dec 15 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Charisma EnergyServicesW*****8 0.4 unch ***** 1 0 -33 1.50 59 Equation Summit LimitedW*****2 0.5 unch ***** 1 1 25 2.40 8 FTSEChinaA50 ***** MBeCW*****9 3.6 -2.8 9025207 words
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377 2016-12-16 7 In local curr In S$ In US$ dy yr dy yr dy yr Dec 14 Index Change Change Change Change Change Change World Preliminary 1370.1 -0.3 7.2 -0.3 6.8 -0.2 6.4 EAFE Preliminary 1028.9 -0.3 1.5 -0.2 -0.9 -0.1 -1.2 Europe Preliminary 1441.1 -0.5 2.0377 words
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Article392 2016-12-16 7 Dec 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 *****.00 *****.00 *****.50 *****.00 *****7 *****6 Jan17 *****.00 *****.00 *****.50 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****5 Jun17 *****.00 *****.00 *****.00 *****.00 192 177 MSCI TAIWAN392 words
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BANK RATES
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Article154 2016-12-16 7 Dec 15 $S Offer Bid 0vernight 0.05 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.50 US$ Offer Bid 7 days 0.80 0.70 1 month 0.95 0.75 2 months 1.00 0.80 3 months 1.10 0.90 6 months 1.40 1.20 9 months 1.60 1.40 12154 words
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Article71 2016-12-16 7 Dec 15 Dec 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.38 104.40 104.36 5-Year N*****0Z 1.250 01-Oct-21 96.67 96.68 96.67 10-Year NX*****F 2.125 01-Jun-26 96.56 96.70 96.35 15-Year NZ*****F 2.875 01-Sep-30 100.25 100.30 100.30 20-Year NZ*****X 2.25071 words
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AGRI METALS ENERGY
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Article246 2016-12-16 7 Dec-14 Price Net change change Last Trade Agricultural Dec-14 CBOT Soybeans (US cents/bu) 1023.75 -4.25 -0.41% 13/01/2017 CBOT Soybean Oil (US cents/lb) 36.73 0.16 0.44% 14/12/2016 CBOT Wheat (US cents/bu) 391.50 -6.50 -1.63% 14/12/2016 Dec-14 LIFFE Cocoa (£/tonne) 1829.00 13.00 0.72% 16/03/2017 LIFFE Coffee (US$/tonne) 2065.00 12.00 0.58%246 words
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Article1854 2016-12-16 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day Low 149 124.5 AIMSAMP Cap Reit 127 -2.5 1416 129.5 126.5 0.9 8.9 809.4 C'vr 172.5 101 ARA Asset Mgmt 168 -1 41191,854 words
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Article200 2016-12-16 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap Hlsh LOW Company Sale ('000) High LOW C'vr P/E 10.2 6.3 t 3Cnergy 74.8 61 16.7 t CNMC Goldmine 41cd -1.5 2666 42 40.5200 words
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Article158 2016-12-16 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US3014 -90 0 3054 3014 8.3 116.2 97.5 DBXT MS SING US$ US112.3 -2.6 26 112.3 112.3 5.6 422 190 DBXT MSBrazil158 words
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Advertisement9 2016-12-16 6 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement71 2016-12-16 8 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!71 words
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Advertisement1694 2016-12-16 9 Advertorial Garnet MAX Atria Singapore Expo 1 Expo Drive #02-01 S*****0 17/12/2016 (Saturday) Cocktail at 6.30pm (to »M{if graliii5a„B li 4*ian Chay Medical Institution Since 1901 H Appre Guest-of-Honour: Mr Ng Chee Meng Minister for Education (Schools) Second Minister for Trans Special Guests Mr Heng Chee How Senior Minister of1,694 words
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BANKING & FINANCE
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736 2016-12-16 10 Bank-failure rules designed to help to stave off crises even more damaging to broader economy BLOOMBERG London EUROPEAN Union banks need to sell hundreds of billions of euros in loss-absorbing liabilities over the next few years to meet the bloc’s rulesBLOOMBERG - 736 words
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Article, Illustration733 2016-12-16 10 BLOOMBERG Hong Kong BEARISH bets on Japan’s largest banks have swelled to a six-year high as their recent surge fuels speculation that the shares have risen too far, too fast. Margin-account holdings that profit when shares of Mitsubishi UFJ Financial GroupBLOOMBERG; PHOTO: BLOOMBERG - 733 words
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501 2016-12-16 10 The surprising rebound in November is possibly a reaction to expectations of continued yuan weakness BLOOMBERG London TIME to don the tin hats? Chinese shadow-banking activity registered a surprise jump in November, throwing into sharp relief how policy makers are struggling to make goodBLOOMBERG - 501 words
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Advertisement814 2016-12-16 10 NOTICES UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid:Name Certificate No. No. of Shares Sim Seow Khai Mr *****59-2 44 -do-*****43-3 98 Notice is also814 words
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Advertisement925 2016-12-16 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CIT GROUP (SINGAPORE) PTE. LTD. (Registration No. *****5745N) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6) of925 words
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CUSTOMER SATISFACTION INDEX
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Article, Illustration1488 2016-12-16 11 NISHA RAMCHANDANI - But the CSISG also shows a fall in expected quality among locals particularly for food courts, bars pubs and cafes snack bars. BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT Singapore CUSTOMER satisfaction rose for Singapore’s food beverage (F&B) and tourism sectors inSource: Institute of Service Excellence - 1,488 words
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Article, Illustration954 2016-12-16 11 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore COMPANIES in the food and beverage (F&B) and tourism sectors need to adapt to evolving customer needs and expectations as well as to emerging trends in order to stay on top of their game. Neeta Lachmandas, executive954 words
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Advertisement56 2016-12-16 11 y SMU INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY A quarterly series brought to you by the Institute of Service Excellence at Singapore Management University (ISES). Featuring findings from the Customer Satisfaction Index of Singapore, it also reveals insights on leadership and strategy from industry leaders, particularly in leveraging customer56 words
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TECHNOLOGY
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Article, Illustration851 2016-12-16 12 Discovery of a breach that happened so long ago is another black mark for the company NYTIMES San Francisco YAHOO, already reeling from its September disclosure that 500 million user accounts had been hacked in 2014, disclosed on Wednesday that a differentNYTIMES; PHOTO: REUTERS - 851 words
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600 2016-12-16 12 REUTERS Tokyo NINTENDO Co will make a big push into mobile gaming on Thursday with the launch of the popular Super Mario Bros franchise on the iPhone. But it is a risky bet because users will need toREUTERS - 600 words
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Advertisement108 2016-12-16 12 Relax. Your weekend is here. l—A THE BUSINESS TpES Now you can enjoy THE BUSINESS TIMES Weekend edition every Saturday at your doorstep. rl m *£>■ v CL mi THE VMS THAT Hf OVER US OJ 5 BLAC I III uvv Subscribe now at btsub.sg/weekend or call 6388 3838 Terms108 words
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CONSUMER
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255 2016-12-16 13 AFP Yiwu, china WITH Christmas looming, it’s crunch time in the Chinese manufacturing hub of Yiwu, which has earned a reputation as Santa’s “real” workshop. In Sun Xudan’s artificial Christmas tree factory, workers cut and twist long ropes of fake “branches” into simulated pinesAFP - 255 words
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673 2016-12-16 13 Region’s largest e-commerce site is rolling out a series of initiatives in anticipation of US giant’s entry BLOOMBERG Singapore ALIBABA Group Holding Ltd and Amazon.com Inc are about to clash in South-east Asia. And Lazada Group SA, which Alibaba boughtBLOOMBERG - 673 words
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332 2016-12-16 13 REUTERS Seoul FIVE bidders covet three lucrative downtown duty free licences to be issued by South Korea on Saturday, and arguably none is more desperate for a win than Lotte Duty Free. The world’s No 3 duty-free retailer’s ambitions to oneREUTERS - 332 words
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Advertisement467 2016-12-16 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ST. JAMES AUTOMATION PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NUMBER: *****9892E FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that a Final Meeting of the Members467 words
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Advertisement400 2016-12-16 13 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 261 of 2016 In the Matter of Section 254(1 )(e) of the Companies Act (Cap. 50) And In the Matter of ASIA MARITIME LOGISTICS PTE. LTD. (UEN No. *****2554M) Between AL JABER HEAVY LIFT TRANSPORT PTE. LTD.400 words
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Advertisement1608 2016-12-16 13 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 IN1,608 words
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REAL ESTATE
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1064 2016-12-16 14 Lynette Khoo - 7,769 private residential units, 3,804 ECs taken up in Jan-Nov period alone, higher than 2014, 2015 figures By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore DEVELOPERS have already sold more new, private residential units and executive condominiums (ECs) so far this year1,064 words
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289 2016-12-16 14 BLOOMBERG Sydney AUSTRALIAN real estate loans are bucking a slump in the syndicated lending market and have nearly quadrupled in 2016 from last year, buoyed by continuing demand for residential and commercial assets. Asian banks are taking notice. Fifteen syndicated loan dealsBLOOMBERG - 289 words
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Article, Illustration935 2016-12-16 15 Trump-branded hotel and tower in Rio de Janeiro named in criminal inquiry BLOOMBERG Rio de Janeiro THE Trump Organization says it is pulling out of a troubled hotel project in Rio de Janeiro, just weeks after a federal prosecutor opened a criminalBLOOMBERG; PHOTO: BLOOMBERG - 935 words
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Page 14 Advertisements
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Advertisement429 2016-12-16 14 INVESTMENT OPPORTUNITY IN JAPAN Hotel Property in Osaka terminal sta. area Just 10 min. walk from UMEDA sta. FREEHOLD FREEHOLD ASKING PRICE: S$43.75M (S$1= JPY80) Convenience Store in Kanagawa 4.85% Nett return guaranteed for 14 years by a listed company Hotel Property in Fukuoka central area Superb location for sightseeing429 words
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Page 15 Advertisements
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Advertisement694 2016-12-16 15 D04 HOUSE FOR SALE SENTOSA COVE Only $11.xM! Open House Daily 3pm~6pm Sentosa Brand new! 8570 sqft Huge 5 bedrooms. Nice. Sky pool. Don’t miss! Call Lionel 9061 1592 9848 3062 Propnex D10 HOUSE FOR SALE Riza Lee 9188 1803 ROCHALIE GCB w/rainforest, Salted Pool, lift. Can sub-divide. 1) Rochalie694 words
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TRANSPORT
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Article, Illustration607 2016-12-16 16 City is the second place in the world where the company offers autonomous vehicles for public use NYTIMES San Francisco UBER has always had a special relationship with this city. The ride-hail-ing company was founded and headquartered here. In its earlyNYTIMES; PHOTO: AFP - 607 words
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490 2016-12-16 16 REUTERS London THE global shipping industry will hit a credit crunch if proposed new bank capital rules are implemented in a sector already weighed down by toxic debt, bankers involved say. The Basel Committee of banking supervisors from nearly 30REUTERS - 490 words
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270 2016-12-16 16 AFP Beijing CHINESE antitrust officials are investigating General Motors in the wake of escalating tensions between Beijing and United States President-elect Donald Trump, a person familiar with the matter said on Wednesday. Earlier, the state-run newspaper China Daily reported that China would slap finesAFP - 270 words
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Page 16 Advertisements
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Advertisement50 2016-12-16 16 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 subtitles50 words
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GOVERNMENT & ECONOMY
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944 2016-12-16 17 Anthony Rowley - “Promotion” law permitting casinos “in principle” passes Parliament’s lower house after revisions in upper house By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Shinzo Abe’s government is playing a very high stakes game in its push to legalise casinos944 words
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Article, Illustration639 2016-12-16 17 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE and the Philippines are stepping up efforts to enhance economic and business cooperation in the coming years, said President Tony Tan Keng Yam on Thursday. Already, trade promotion agency International Enterprise (IE) Singapore is busyPHOTO: AFP - 639 words
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639 2016-12-16 17 Neil Behrmann - By Neil Behrmann btworld@sph.com.sg London ESCALATION of global terrorism, security fears, persistent Middle Eastern wars and military expansionism have raised global defence spending to a fearsome US$1.57 trillion. The latest annual Jane’s Defence Budgets Report calculates that global defence expenditure on weapons,639 words
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343 2016-12-16 17 REUTERS Jakarta INDONESIA’S central bank, concluding a policy meeting shortly after the Federal Reserve raised US interest rates, on Thursday held its benchmark steady and said it was on guard against “reversals” of capital flows into the country. TheREUTERS - 343 words
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Page 17 Advertisements
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Advertisement30 2016-12-16 17 )!27G#AFA#’97AI AI>@=2GI> @($"$<& /AJHC5E .!C3((L #4C J C !4H:48/AJHC5E ’;<&#;<&/AJHC5E 1!C3((L C3((L! @C<&L;L/AJHC5E 0 !C3((L K$<%/AJHC5E @($"$<& /A65C<C 9(;4J/A J HC5E 1!C3((L @C<&L;L/A65C<C 1!C3((L 0!C3((L 7(J*D-. -110+0,, 1 !C3((L 9(;4J/A65C<C B !C3((L30 words
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OPINION
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730 2016-12-16 18 Danae Kyriakopoulou - THE BOTTOM LINE By Danae Kyriakopoulou TThe writer is head of research at the Official Monetary and Financial Institutions Forum. London THE Federal Reserve’s widely expected decision to increase the federal funds rate by 25 basis points yesterday marks an important step in730 words
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624 2016-12-16 18 EDITORIAL SINGAPORE stocks fell and the Singapore dollar weakened along with most Asian assets on the announcement of a widely-anticipated Fed rate hike on Thursday morning Asian time. Higher rates might cause some anxiety, but they are to be welcomed. Rates have624 words
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Article, Illustration1458 2016-12-16 18 RAMIKISNENE S RAJAN, SASIDARAN GOPALAN - They include continuing with ongoing restructuring efforts and being highly proactive in exploring new markets and opportunities. BY RAMKISHEN S RAJAN AND SASIDARAN GOPALAN BY RAMIKISNENE S RAJAN, SASIDARAN GOPALAN T Ramkishen S Rajan is professor of economics at essecPHOTO: AFP - 1,458 words
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1049 2016-12-16 19 Ashok Charan - COMMENTARY By Ashok Charan T The writer is associate professor of marketing at the National University of Singapore (NUS) Business School. Disclaimer: The opinions expressed are those of the writer and do not represent the views and opinions of1,049 words
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588 2016-12-16 19 Daniel Ng - COMMENTARY By Daniel Ng TThe writer is senior director, Apac, at Cloudera CYBERSECURITY remains a pressing concern today. As citizens, organisations and countries continue to evolve with an ever-changing digital landscape, the cost of cyberattacks continues to rocket exponentially, predicted to hit US$2 trillion588 words
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Article, Illustration1117 2016-12-16 19 HARISH MEHTA - Mr Trump has chosen a group of super-wealthy persons to serve as top officials in his administration, and they are being inducted on a scale without precedent. BY HARISH MEHTA precedent.BY HARISH MEHTA TThe writer, a former BT Indochina Correspondent, has taughtPHOTO: REUTERS - 1,117 words
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Page 18 Miscellaneous
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Miscellaneous140 2016-12-16 18 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)140 words
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Page 20 Advertisements
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Advertisement1727 2016-12-16 20 C a i l a n ~E n n o B r i s b a n e r e J e d d a h Shanghai Chittagong Ho Chi Minh H o n g J e b e l A i K o NYK RORO (ASIA) PTE. LTD. n1,727 words
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Advertisement245 2016-12-16 20 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 294 PRW111 17/12/2016 18/12/2016 Pelindo/Perawang DAILY Marco Polo 258 TTS046 17/12/2016 18/12/2016 Tebing Tinggi/Jambi DAILY Marco245 words
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BT Lifestyle @BTLifestyle | BTLifestyle
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Article, Illustration1498 2016-12-16 21 HELMI YUSOF - Before Communism, the city was called the “Paris of the East”. Now Shanghai is determined to reclaim the title. BY HELMI YUSOF BY HELMI YUSOF helmi@sph.com.sg @HelmiBT T The Felix Gonzalez-Torres exhibition at the Rockbund Art Museum runs from now till Dec 25,PHOTO: FABRICE MONTEIRO; PHOTOS: HELMI YUSOF - 1,498 words
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Page 21 Advertisements
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Advertisement16 2016-12-16 21 ARTS Man behind the Farquhar Collection 22 CINEMA The Force is strong with this (Rogue) One/2316 words
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ARTS
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Article, Illustration999 2016-12-16 22 CHEAH UI-HOON - The 477 paintings of Malayan flora and fauna could well have remained in the UK if not for this art lover. BY CHEAH UI-HOON BY CHEAH UI-HOON uihoon@sph.com.sg THE source of inspiration for the National Museum’s latest glass rotunda installation and a prized national treasure,FILE PHOTO - 999 words
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Article, Illustration857 2016-12-16 22 Cheah Ui-Hoon - By Cheah Ui-Hoon uihoon@sph.com.sg FROM Chinatown scenes and Chinese calligraphy to abstract “crazy” calligraphy and monumental scale paintings nonagenarian artist Lim Tze Peng seems to have done it all with his Chinese brushes and ink. And the common thread linking all of the 96-year-old’s857 words
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Article, Illustration624 2016-12-16 22 Cheah Ui-Hoon - By Cheah Ui-Hoon uihoon@sph.com.sg OPERA-LOVERS in Singapore last heard baritone Martin Ng sing the lead in Richard Wagner’s The Flying Dutchman earlier this year, but his love and speciality is Italian opera, in which he has immersed himself for the past 11 years.624 words
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REVIEWS/ENTERTAINMENT
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Article, Illustration761 2016-12-16 23 GEOFFREY EU - As a stand-alone space fantasy, this feature-length prologue stacks up just fine in the Star Wars pantheon. BY GEOFFREY EU TALK about a nifty feat of reverse movie engineering. Rogue One: A Star Wars Story is a fea-ture-length prologue that takes us761 words
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Article, Illustration553 2016-12-16 23 Geoffrey Eu - By Geoffrey Eu IF the doomsday scenario in Alex Gibney’s cyber warfare documentary Zero Days is to be believed and he certainly makes a convincing, well-re-searched case for it then we’re already a world at war, and we don’t even know it. Given the number of553 words
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Article, Illustration498 2016-12-16 23 Dylan Tan - By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT CLOVER Films will celebrate its seventh anniversary this month by releasing seven Asian blockbusters from now until Chinese New Year 2017. Led by managing director Lim Teck and headquartered in Singapore, the homegrown company has distributed more than 200498 words
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Article, Illustration334 2016-12-16 23 Dylan Tan - By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT WATCH out Netflix, there is a new kid in town. Amazon announced on Wednesday its streaming video service, Amazon Prime Video, has gone global and will be available in over 200 countries and territories including Singapore. With it, there334 words
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ENTERTAINMENT
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Article, Illustration677 2016-12-16 24 DYLAN TAN - Sing Jazz 2017 will feature a star-studded line-up and a new late-night component that will keep the music going until 4am. BY DYLAN TAN BY DYLAN TAN THE Singapore International Jazz Festival (Sing Jazz) returns next year with three nights of music fromPHOTOS: SING JAZZ 2017 - 677 words
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Article, Illustration445 2016-12-16 24 Dylan Tan - By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT IT’S hard to say where you’d find your calling. Take, for example, Darren Partridge who was all set to become a police officer at 18 until he went to the circus and decided to run away to join one.445 words
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Article, Illustration450 2016-12-16 24 Dylan Tan - Record-breaking Asia TV Forum Market By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THE Singapore Media Festival (SMF) 2016, which brings together several established events including the Asia TV Forum Market (ATF) and ScreenSingapore (SS), Asian Television Awards (ATA), Singapore International Film Festival (SGIFF), and this year’s keystone digital event SMF Ignite, underPHOTO: BANANAMANA FILMS - 450 words
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Page 24 Miscellaneous
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Miscellaneous383 2016-12-16 24 CRYPTIC CROSSWORD Across 1 Bishop is interrupting a QC, fearful creature (8) 5 Odds on tour being disrupted to grow (6) 9 Last month, salesman appears with that thing like a crate? (8) 10 Show area swamped by merrymaking (6) 12 Sister enthralled by fake drink? That’s puzzling (9) 13383 words
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DINING OUT/WINE
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Article, Illustration941 2016-12-16 25 JAIME EE - One restaurant overturns the disdain about this dish when compared to its more celebrated peer, sushi. BY JAIME EE NEW RESTAURANT Ippoh Tempura Bar by Ginza ippoh Block 17B Dempsey Road Tel: 1800 304 3388 (local calls only) Open for lunch and dinner daily:PHOTOS : JAIME EE - 941 words
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Article, Illustration1027 2016-12-16 25 NK Yong - By NK Yong WE would like great wines to be immortal, alas, like all their fellow brethren, even the mightiest are not. My host served me a red wine the other night at dinner, I espied the bottle’s label, old and tattered, covered with grime, butPHOTO: NK YONG - 1,027 words
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Page 25 Advertisements
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Advertisement42 2016-12-16 25 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 TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)42 words
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Advertisement45 2016-12-16 25 “This book attempts to piece together the story of Eddie Barker his deeds, his accomplishments and the extraordinary life he led being the man that he was.” MR BENNY LIM former Permanent Secretary for National Development Now on sale at all major bookstores and www.stpressbooks.com.sg45 words
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Page 26 Advertisements
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Advertisement412 2016-12-16 26 CUSTOM G o l d C O N T E N T S O L U T I O N S SPHmagazines One book. Two magazines. Seven awards. f or ma g az i nes i n t h e L i fe s t y l e Fu n412 words
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