The Business Times, 30 December 2016
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2016-12-30
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The Business Times
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Title Section23 2016-12-30 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION S$1.20 businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes CO REGN NO *****2868E MCI (P) 037/12/2016 Friday, December 30, 201623 words
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Article27 2016-12-30 1 Thursday Change STI 2,889.15 -9.15 KL COMP 1,637.93 +7.63 NIKKEI 225 19,145.14 -256.58 HANG SENG 21,790.91 +36.17 SHENZHEN B 1,125.17 +1.39 DOW (10.50 EST) 19,825.87 -7.8127 words
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Article187 2016-12-30 1 Dividend payouts by Singapore-listed mid and small-cap companies shrink due largely to the economic challenges they face. TOP STORIES 2 Paul william Coutts will lead Singapore Post from June 1 next year, succeeding Wolfgang Baier who stepped down in June following his shock resignation in December 2015. TOP187 words
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Article, Illustration1199 2016-12-30 1 Kalpana Rashiwala - S$22.5b tally in 2016 is up 31% from last year; office outshines residential but trend may reverse in 2017, say consultants REVIEW 2016 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore IT’S been a banner year for big-ticket property transactions of at least S$10 millionSource: Savills Research & Consultancy, Dec 23, 2016 - 1,199 words
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Article, Illustration360 2016-12-30 1 KELLY TAY - Rinse and repeat that was pretty much how Singapore’s inflation picture looked this year, with its continuation of 2015’s sub-zero headline inflation rates. In November, however, overall inflation finally rose out of negative territory to stand at 0 per cent. While that didn’t quite markSource: Department of Statistics; Source: MAS, MTI estimates; Source: MAS; Compiled by BT - 360 words
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Article, Illustration143 2016-12-30 1 THIS week, the Weekend magazine spotlights six personalities to watch in 2017 as they take on new challenges in their respective fields. Also, read about how Gryphon Tea Company’s founder and executive director Lim Tian Wee is brewing luxe into tea, in143 words
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667 2016-12-30 1 Lee u-wen - 15,580 workers laid off in 2015 the highest number since 2009 global financial crisis By Lee u-wen By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MORE than nine out of every 10 companies that laid off workers in 2015 paid benefits to667 words
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Page 1 Advertisements
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Advertisement7 2016-12-30 1 "*****1 3000 1 1 THE BUSINESS TIMES7 words
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Advertisement12 2016-12-30 1 DINING OUT Down Under eatery hits the high notes BT LIFESTYLE 2012 words
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Advertisement41 2016-12-30 1 TAKING STOCK 3 Swiber-linked vessels seized in S’pore COMPANIES MARKETS 4 GOVT LAND SALES Govt defers launch of Bidadari mixed-use Site to Q1 2017 REAL ESTATE 10 The full report on the MOM retrenchment benefits survey can be downloaded at stats.mom.gov.sg/Pages/Home.aspx41 words
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Advertisement17 2016-12-30 1 FORECAST 2017 What major developments will impact the arts, entertainment and design next year? BT LIFESTYLE 2417 words
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TOP STORIES
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647 2016-12-30 2 Claire Huang - Study of SGX-listed firms also shows average corporate governance scores have worsened By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore DIVIDEND payouts by Singapore-lis-ted mid and small-cap companies have deteriorated over the last three years no thanks to the economic challenges weighing647 words
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676 2016-12-30 2 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo THE image of corporate Japan, and of its problem-plagued electronics sector in particular, has taken another hard knock with the news that giant conglomerate Toshiba Corporation is facing serious financial difficulties and is in talks with its main creditor676 words
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Article, Illustration868 2016-12-30 2 Hoe Pei Shan - By Hoe Pei Shan hpeishan@sph.com.sg @PeiShanBT Hong Kong THE opening of Hong Kong’s HK$ 16.9 billion (S$3.2 billion) South Island Line the city’s first new railway line in 10 years went smoothly on Wednesday, epitomizing the network’s reputation as the global gold standardSource: MTR Corporation - 868 words
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Article, Illustration398 2016-12-30 3 Nisha Ramchandani - Paul William Coutts will also be appointed to SingPost board as non-independent director By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PAUL William Coutts will take on the role of Singapore Post’s (SingPost) group chief executive officer from June 1 next year,398 words
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544 2016-12-30 3 BLOOMBERG Beijing CHINA plans to spend 3.5 trillion yuan (S$730 billion) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country. The high-speed rail network will spanBLOOMBERG - 544 words
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Page 2 Advertisements
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Advertisement20 2016-12-30 2 Office Space For Rent Manhattan House 1st Storey office space 810 1346 sqft Interested, please call Shawn at 9694 534920 words
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Advertisement74 2016-12-30 3 Don’t Imagine a home with an Olympic length pool, large verandas, resort-style amenities that isn’t a flight away, but right at your doorstep. You imagined it. Now view it. N A SS I M 18 Nassim Hill For exclusive viewing, please call +65 9199 2377 +65 9690 5135 Gwen Lim74 words
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COMPANIES & MARKETS
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442 2016-12-30 4 Kenneth Lim - Assets being injected into VGO include four Malacca projects valued at RM1.9b By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore VGO Corp plans to issue 1.2 billion new shares in a reverse takeover that will give the property442 words
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Article, Illustration658 2016-12-30 4 Tan Hwee Hwee - Action taken by syndicate of banks, including UOB, against RS Platou Finans unit over US$43.4m debt By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore A NORWEGIAN ship lessor has been caught in the debt web of Swiber Holdings, with three ofSource: Vesselsvalue - 658 words
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629 2016-12-30 4 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SHIPBUILDER and vessel charterer ASL Marine on Thursday sought an extension from bondholders of two note issues due soon that are worth S$150 million in all with a loan facility hinging on the bond restructuring.629 words
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329 2016-12-30 4 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHAREHOLDERS of Vard Holdings have two more weeks to pick up an offer that will pave the way for Italy’s shipbuilding group Fincantieri to take its Singapore-listed subsidiary private. The voluntary conditional cash offer329 words
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646 2016-12-30 5 MELISSA TAN - HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT THE tidal wave of delistings that swept over the local stock market in 2016 may be slightly alarming, if it augurs anything for Singapore’s domestic market capitalisation trajectory. More are already in the works for646 words
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CORPORATE DIGEST
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Article165 2016-12-30 5 THE former deputy chief executive officer of property developer OKH Global slashed his stake in the company a few weeks after departing, a Singapore Exchange filing on Thursday showed. OKH Global said it was told by Bon ween Foong on Dec 29 that he had on Dec 23165 words
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Article94 2016-12-30 5 Rajah Tann CORPORATE real estate lawyer Norman Ho is joining Rajah Tann Singapore from Jan 3 next year, boosting the firm’s corporate service and adding to the four partners and two associates in the practice. Mr Ho, previously a partner at Rodyk Davidson LLP, has represented owners and investors in94 words
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Article134 2016-12-30 5 wee Hur Holdings has agreed to sell a plot of land in Brisbane, Australia for A$65.1 million (S$67.78 million). It said on Thursday that its wholly owned unit, wee Hur (Ann Street) Pty Ltd, had on Dec 24 entered into a put and call option agreement for134 words
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Article83 2016-12-30 5 THE mainboard-listed subsea and offshore drilling services company said that its associate Asia Offshore Drilling has secured a three-year contract extension for the jack-up drilling rig, AOD III, with a client in the Middle East until December 2019. This extension, contracted at reduced rates in order to “remain83 words
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Article126 2016-12-30 5 REX International Holding’s stake in Steeldrum has fallen from 36.86 per cent to 25.72 per cent after Rex decided not to participate in a share issue. Steeldrum is raising some US$1.3 million by issuing 47,233 shares at US$27.52 per share in order to fund its drilling obligations in126 words
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294 2016-12-30 5 Chai Hung Yin - By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore WITHIN eight days of its official release, South Korean film Master surpassed its break-even point, based on an announcement by Spackman Entertainment Group early Thursday. The crime-action film is produced by294 words
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356 2016-12-30 5 Andrea Soh - By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE chairman and co-founder of Artivision Technologies has resigned, the video and artificial intelligence firm said on Thursday. Soh Sai Kiang Philip, who was appointed as a director in 2004, resigned with effect from356 words
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Article, Illustration63 2016-12-30 6 STI Catalist Straits Times Index Dec 29,2016 2,889.15 -9.15 (-0.32%) Current streak 1 day Day high 2,891.22 Day low 2,878.18 52-week high 2,960.78 (Apr 21, 2016) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Dec 29,2016 437.82 +0.75 (+0.17%) Current streak 2 days Day high 438.74 Day low63 words
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Article74 2016-12-30 6 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 78.2 0.5 *****/***** DBXT China50 US$ 2964 73.8 1.8 3268/2355 DBXT Vietnam US$ 2215 40.5 1.3 2533/2017 DBXT MSKorea US$ 5508 36.2 0.5 6041/4629 Hyflux 6% CPS 9450 30.0 0.3 *****/9100 BY PERCENTAGE CLOSE UP 52w high/low LionGold 0.2 100.074 words
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Article76 2016-12-30 6 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -225.8 -0.7 *****/***** DBXT S&P500 US$ 3894 -88.3 -1.5 3963/3126 DBXT E50 US$ 4580 -39.1 -0.6 4638/3918 Lyxor Korea US$ 489 -20.3 -2.8 532/418 Bukit Sembawang 452 -12.0 -2.6 518/406 BY PERCENTAGE CLOSE DOWN 52w high/low China MedW*****9 0.476 words
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Article, Illustration665 2016-12-30 6 R Sivanithy - But the index closes 9.2 points down for Thursday as the previous days’ window-dressing push is checked TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT Throughout 2016, the 2,882 level has proven troublesome for the Straits Times Index (STI), this being the pointSource: Bloomberg - 665 words
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Article303 2016-12-30 6 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 228 +1 228/225 257 209 6.7 6396.3 CapitaCom Trust 146.5 -0.5 147/145.5 164 127 5.9 4341.5 CapitaLand 305 +5 305/299 340 280 12.2 3 *****.5 CapitaMall Trust 187.5 -1.5 189.5/187 225 187303 words
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Article32 2016-12-30 6 VOLUME Noble 222,450,700 AA 55,273,200 Spackman 43,250,300 Equation 37,149,400 Ezion 26,164,400 Market volume 1,230,462,000 VALUE DBS Grp 51,357,844 Singtel 47,798,354 Noble 38,460,710 ComfortDelGro 32,736,239 OCBC Bank 19,348,858 Market value 558,547,00032 words
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Article77 2016-12-30 6 Dec 29 VALUE CLOSE BT OB/OS -373.00 -10.00 BT CADI -*****.00 -25.00 BT 10-day MA -*****.00 -38.00 FTSE ST Mid Cap 675.04 -0.78 FTSE ST Small Cap 376.76 -0.38 FTSE ST All Share 705.99 -1.87 FTSE ST China Top 159.51 -0.21 FTSE ST China 203.56 -0.95 FTSE77 words
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Article109 2016-12-30 6 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 294 -1 229 295/294 303/254 294/295 DBXT MSBANGL US$ US108.5 +0.5 141 108.5/107.8 108.5/93.7 108.9/109.6 4.4 DBXT MSPAKIS US$ US238.9 +3.9 80 238.9/236.5 238.9/169.8 238.1/239.1 11.7 DBXT MSBrazil US$ US372 +8 62 372/370 422/190109 words
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Article, Illustration35 2016-12-30 6 STI FTSE ST All-Share FTSE ST All-Share index Dec 29,2016 705.99 -1.87 (-0.26%) Current streak 1 day Day high 706.41 Day low 703.79 52-week high 722.88 (Apr 21, 2016) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-12-30 6 STI MSCI EAFE MSCI EAFE Index Dec 28,2016 1,669.42 -2.87 (-0.17%) Current streak 3 days Day high 1,676.12 Day low 1,667.20 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 2016-12-30 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 5 4 0 1 0 2 6 4 Manufacturing 36 27 27 12 7 10 48 34 37 Commerce 16 10 15 1 6 2 17 16 17 Tpt/Stor/Comms 6 15 3186 words
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Article122 2016-12-30 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 6,714 91 6,805 18,986 13 18,999 Manufacturing 40,656 154,842 195,498 34,598 3,629 38,227 Commerce 268,579 12,336 280,915 74,884 177 75,061 Tpt/Stor/Comms 69,412 1,858 71,270 104,406 182 104,588 Finance 11,264 58 11,322 94,854 8 94,862 Construction122 words
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Article82 2016-12-30 6 VOL CLOSE($) CHANGE China Jishan 430.0 0.055 +0.019 +52.78 Abundance Intl 1,110.7 0.055 +0.012 +27.91 AA 55,273.2 0.019 +0.005 +35.71 Suntar Eco-City 10.0 0.150 +0.018 +13.64 CFM 75.0 0.033 -0.004 -10.81 Polaris 12,500.1 0.003 -0.001 -25.00 Weiye 799.2 0.580 +0.075 +14.85 Tung Lok Rest 146.0 0.107 +0.007 +7.0082 words
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BROKERS’ TAKE
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Article452 2016-12-30 6 Oil and gas NOT RATED BLOOMBERG Shale oil companies are ready to play chicken with supply and demand again. Roiled by a year that began with crude at a 12-year low and ended with a surprise Opec agreement boosting prices, US producers including Continental Resources Inc and Pioneer Natural ResourcesBLOOMBERG - 452 words
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415 2016-12-30 7 CURRENCIES REUTERS London THE US dollar slipped to a two-week low against the yen on Thursday, mirroring a fall in US bond yields as weaker-than-expected economic data weighed on the greenback and waning risk appetite boosted Japan’s safe-havenREUTERS - 415 words
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FOREX RATES
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Article471 2016-12-30 7 Dec 29 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 5.012 0.689 5.590 49.094 97.126 0.839 8.705 3.232 1.038 75.542 35.838 1.043 9.887 0.739 23.257 25.918 0.588 0.721 Canada 1.026 5.142471 words
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Article155 2016-12-30 7 Dec 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0429 1.0432 0.7206 0.7207 Canadian dollar 1.0700 1.0704 0.7395 0.7394 Euro 1.5128 1.5134 1.0453 1.0455 NZ dollar 1.0046 1.0050 0.6942 0.6943 Sterling pound 1.7741 1.7746 1.2259 1.2260155 words
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Article22 2016-12-30 7 Dec 29 S$ Bid Offer 1-month 1.4475 1.4480 2-months 1.4476 1.4480 3-months 1.4476 1.4482 6-months 1.4477 1.4485 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article383 2016-12-30 7 Dec 29 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec16 9890.00 9960.00 9880.00 9917.50 ***** ***** Jan17 9940.00 9995.00 9915.00 9927.50 *****5 *****9 NIKKEI 225 INDEX FUTURES Mar17 *****.00 *****.00 *****.00 *****.00 ***** *****7 Jun17 *****.00 *****.00 *****.00 *****.00 87 359 MSCI TAIWAN383 words
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206 2016-12-30 7 Most active Dec 29 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit Ltd W*****2 0.4 unch 2000 1 1 27 2.75 8 SingTel MB eCW*****2 5.4 -0.1 1960 OCBC Bk MB eCW*****2 9.5 0.1 1300 0.1 950206 words
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377 2016-12-30 7 In local curr In S$ In US$ dy yr dy yr dy yr Dec 28 Index Change Change Change Change Change Change World Preliminary 1374.4 -0.1 7.6 0.0 8.1 -0.2 5.6 EAFE Preliminary 1039.7 0.1 2.6 0.1 -0.4 -0.2 -2.7 Europe Preliminary 1467.7 0.1 3.9377 words
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BANK RATES
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Article154 2016-12-30 7 Dec 29 $S Offer Bid 0vernight 0.05 0.01 1-month 0.75 0.625 2-months 0.875 0.75 3-months 1.0 0.875 Overnight mode: 0.45 US$ 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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Article61 2016-12-30 7 Dec 29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 104.47 5-Year N*****0Z 1.250 01-Oct-21 97.54 97.62 97.55 10-Year NX*****F 2.125 01-Jun-26 97.62 97.80 97.70 15-Year NZ*****F 2.875 01-Sep-30 102.35 20-Year NZ*****X 2.250 01-Aug-36 93.71 30-Year NA*****H 2.750 01-Mar-4661 words
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AGRI METALS ENERGY
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Article247 2016-12-30 7 Dec-28 Price Net change change Last Trade Agricultural Dec-28 CBOT Soybeans (US cents/bu) 1006.75 -8.00 -0.79% 13/01/2017 CBOT Soybean Oil (US cents/lb) 34.86 -0.26 -0.74% 13/01/2017 CBOT Wheat (US cents/bu) 401.50 -8.00 -1.95% 14/03/2017 Dec-28 LIFFE Cocoa (£/tonne) 1805.00 -11.00 -0.61% 16/03/2017 LIFFE Coffee (US$/tonne) 2085.00 -18.00 -0.86%247 words
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Article1615 2016-12-30 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 124.5 AIMSAMP Cap Reit 130 +0.5 313 131 129 0.9 8.7 828.5 LOW 172.5 101 ARA Asset Mgmt 169.5 +0.5 3727 169.51,615 words
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Article287 2016-12-30 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day LOW Div GrYld Net MCap HiBh LOW Company Sale 19.9 8.3 t Anchor Resources 9 +0.5 1127 9.2 8.7 27.9 High C'vr P/E 10.1 4.9 t 3Cnergy 6.5287 words
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Article177 2016-12-30 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 3268 2355 DBXT China50 US$ US2964 +51 0 2964 2964 8.2 116.2 97.5 DBXT MS SING US$ US110 +0.4 0 110 110 5.5 422 190 DBXT MSBrazil177 words
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Page 4 Advertisements
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Advertisement1759 2016-12-30 4 VGO CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****1388D) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined or the context otherwise requires, all capitalised terms herein shall bear the same meaning as used in the circular dated 29 December 2016 issued by the Company (the “Circular").1,759 words
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Page 5 Advertisements
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Advertisement122 2016-12-30 5 RJSIS t f' w Herald a new dawn of abundance x rm '■W ar u\ > r *1 Drawn from the Rooster’s kingly stature, this collection is an exquisite expression of his regal virtues, fearless spirit and ever-optimistic outlook Featuring the finest handcrafted sculptures plated in pure 24K gold, each122 words
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Page 6 Advertisements
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Advertisement9 2016-12-30 6 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement71 2016-12-30 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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Advertisement37 2016-12-30 9 GET HOME SAFELY. DON’T DRIVE TO DRINK, AND YOU WILL NEVER DRINK AND DRIVE. This community service message is brought to you by SGCARMART IS PROUD TO BE THE OFFICIAL PARTNER OF THIS YEAR’S ANTI-DRINK DRIVE CAMPAIGN.37 words
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REAL ESTATE
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Article, Illustration730 2016-12-30 10 Lee Meixian - Consultants’ views are mixed over whether the deferment would affect what was previously forecast to be keen demand for the site By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE launch of a plum commercial and residential site in Bidadari Estate alongBT Graphics Source: URA - 730 words
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Article, Illustration595 2016-12-30 10 Easing of mortgage rules seen boosting demand for homes; developers target young couples REUTERS Jakarta FOREIGN property developers, led by China Communication Constructions Group (CCCG), made the biggest investment in Jakarta’s residential property in nearly a decade this year as they betREUTERS; PHOTO: REUTERS - 595 words
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286 2016-12-30 10 REUTERS London BRITISH house prices rose faster than expected in December, but the pace of growth is likely to slow in 2017 amid uncertainty about economic developments, mortgage lender Nationwide said on Thursday. Annual gains stood at 4.5 per cent inREUTERS - 286 words
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Page 10 Advertisements
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Advertisement1903 2016-12-30 10 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg GROUP AGV GROUP LIMITED (Company Registration No. *****6566H) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at TKP Conference Center 137 Cecil Street, #04-011,903 words
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BANKING & FINANCE
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Article, Illustration770 2016-12-30 11 Europe has also probed and acted against scams, but not to the extent America does AFP Washington HANDING out multibillion-dollar fines right and left to domestic and foreign financial giants, the United States has taken on the role of the unforgiving globalAFP; PHOTO: AFP - 770 words
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374 2016-12-30 11 REUTERS London TOP-RATED German bond yields fell to multi-week lows on Wednesday, as concerns about the strength of a rescue plan for Italian banks pushed investors to the safety of government debt. Germany’s two-year bond yield briefly touched aREUTERS - 374 words
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Page 11 Advertisements
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Advertisement892 2016-12-30 11 ITE ELECTRIC CO LTD (Company Registration Number: *****1457Z) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (“EGM”) of ITE Electric Co Ltd (the “Company”) will be held at Room 327, Level 3 Suntec Singapore Convention Exhibition Centre, 1892 words
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Advertisement1371 2016-12-30 11 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg ENVICTUS INTERNATIONAL HOLDINGS LIMITED Company Registration No: *****3131Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Envictus International Holdings Limited will be held at Crystal Suite, Level 2, Holiday1,371 words
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ENERGY & COMMODITIES
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810 2016-12-30 12 They are expected to spend US$1.26b on maintenance next year, the highest level since at least 2010 REUTERS New York AFTER years of running flat out, US Gulf Coast refiners are lining up repairs to plants in 2017 but facing a severeREUTERS - 810 words
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Article, Illustration647 2016-12-30 12 BLOOMBERG Ottawa IT WAS a tumultuous autumn for Jim Carr. Canada’s pipeline point man was a key player in decisions by Prime Minister Justin Trudeau’s government to approve a major liquefied natural gas project in September and a pair of crude-oilBLOOMBERG; PHOTO: REUTERSK - 647 words
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Page 12 Advertisements
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Advertisement420 2016-12-30 12 Whoamongthese12 finalists isyourchoiceforTheStraitsTimes SingaporeanoftheYear2016award? This award, in partnership with UBS for the second year running, seeks to honour the positive impact made by Singaporeans and celebrate the triumph of the human spirit Cast your vote at http://str.sg/soty2016 by Jan 5, 6pm First 100 voters will get a commemorative book, Lee420 words
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TECHNOLOGY
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Article, Illustration909 2016-12-30 13 There may also be no star gadget in 2017 just a collection of smaller hits WP Washington LET’S face it: 2016 was a fairly disappointing year for the average gadget nerd. Yes, there were some bright spots, but they were mostly glimpsesWP; PHOTOS: APPLE, AFP - 909 words
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844 2016-12-30 13 NYTIMES Zhengzhou, China A VAST, boxy customs centre acts as a busy island of commerce deep in central China. Government officers race around wooden pallets piled high with boxes counting, weighing, scanning and approving shipments. Unmarked trucks stretchNYTIMES - 844 words
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Page 13 Advertisements
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Advertisement3106 2016-12-30 13 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg BIC BRC Asia Limited (Incorporated in the Republic of Singapore) (Company Registration No. *****0054G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of BRC Asia Limited (the “Company”) will be held at 5 Sixth Lok Yang3,106 words
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CONSUMER
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Article, Illustration466 2016-12-30 14 Her death, due to overwork, has prompted raids on Dentsu offices REUTERS Tokyo THE president of Dentsu Inc, Japan’s largest advertising agency, will step down over the “death by overwork” of a young employee, a suicide whichREUTERS - 466 words
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Article, Illustration762 2016-12-30 14 BLOOMBERG Edinburgh IT’S not just the pagoda roof turret that gives the Annandale Distillery in Scotland an Asian feel. On the stone buildings, pointing the way to everything from the copper stills producing Scotch whisky to the toilets and gift store,BLOOMBERG; PHOTO: REUTERS - 762 words
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322 2016-12-30 14 REUTERS Bengaluru HANDBAG and accessories maker and retailer Kate Spade Co, under pressure from an activist investor, is exploring a sale and is working with a bank to sound out possible buyers, The Wall Street Journal reported, citing people familiar with the matter. TheREUTERS - 322 words
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Page 14 Advertisements
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Advertisement1847 2016-12-30 14 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg KEONG HONG HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****7303W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Keong Hong Holdings Limited (the “Company”) will be held at Meeting Room1,847 words
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Advertisement450 2016-12-30 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KIARA CAPITAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****3197C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of KIARA CAPITAL PTE. LTD. deemed to have been duly convened and held450 words
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Advertisement442 2016-12-30 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CD-ADAPCO S.E.A. PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6885C NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of CD-ADAPCO S.E.A. PTE. LTD. deemed to have been duly convened and held442 words
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GOVERNMENT & ECONOMY
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509 2016-12-30 15 He says he has no intention of aggressively pursuing the Philippines’ South China Sea claim REUTERS Manila PHILIPPINE President Rodrigo Duterte on Thursday said the failure of the United States to thwart China’s is-land-building in the South China Sea showed there wasREUTERS - 509 words
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Article, Illustration476 2016-12-30 15 The Soviet-built Liaoning also passes close to Taiwan before sailing to a base in Hainan REUTERS Beijing IF people want to come and look at China’s first aircraft carrier, they are very welcome, the defence ministry said onREUTERS; PHOTO: AFP - 476 words
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434 2016-12-30 15 REUTERS Taipei TAIWAN President Tsai Ing-wen will pass through the United States when she visits Latin America next month, the Taiwan Foreign Ministry said on Thursday, angering China which urged the US to block any such stopover. China is deeply suspiciousREUTERS - 434 words
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Page 15 Advertisements
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Advertisement862 2016-12-30 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg In the Matter of The Companies Act, Cap. 50 And In The Matter of WATER TECHNOLOGIES HOLDINGS PTE LTD (IN PROVISIONAL LIQUIDATION) (Company Registration No: *****1386H) NOTICE PURSUANT TO SECTION 291(4) STATUTORY DECLARATION BY DIRECTORS OF COMPANY’S INABILITY TO CONTINUE BUSINESS BY862 words
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Advertisement1279 2016-12-30 15 INTERNATIONAL HEALTHWAY CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4341 E) (In receivership over charged shares in certain subsidiaries) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of International Healthway Corporation Limited (the "Company”) will be held on 231,279 words
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TRANSPORT
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Article, Illustration889 2016-12-30 16 Japan carmaker is on track for roughly a 40% jump in annual sales of petrol-electric vehicles in the continent BLOOMBERG Tokyo FOR years, Toyota Motor Corp focused on pushing its hybrid models in Europe, avoiding a diesel-for-diesel competition with marketBLOOMBERG; PHOTO: BLOOMBERG - 889 words
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649 2016-12-30 16 Handovers of six A380s apiece originally planned for 2017 and 2018 will be shifted to a year later BLOOMBERG Dubai AIRBUS Group SE’s struggles with its A380 superjumbo are deepening as the planemaker delays deliveries of a dozen aircraft overBLOOMBERG - 649 words
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Page 16 Advertisements
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Advertisement807 2016-12-30 16 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 BRC807 words
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Advertisement436 2016-12-30 16 BICOLOUR PTE LTD (Co. Reg. No.: *****3156N) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 160 Robinson Road, #17-01 SBF Center, Singapore *****4 on 28 December 2016, the following SPECIAL RESOLUTION was passed THAT the company be436 words
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Advertisement278 2016-12-30 16 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LEHMAN BROTHERS PACIFIC HOLDINGS PTE. LTD. (In Creditors’ Voluntary Liquidation) (Company Reg. No: *****3883N) NOTICE OF INTENDED DIVIDEND FOR UNSECURED CREDITORS Name of Company Address of Registered Office Last Day for Receiving Proofs Name of Liquidators278 words
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Page 17 Advertisements
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Advertisement1767 2016-12-30 17 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PGU PKL KUC MUA LCB FABULOUS SW 014 60 2/1 3/1 MALAYSIA STAR 65 50 8/1 9/1 13/1 15/1 OCEAN LEADER EAL2 601,767 words
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Advertisement244 2016-12-30 17 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 122 PRW016 31/12/2016 01/01/2016 Pelindo/Perawang DAILY Marco Polo 138 TTS011 31/12/2016 01/01/2016 Tebing Tinggi/Jambi DAILY Marco244 words
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OPINION
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549 2016-12-30 18 Expect another year of surprises and opportunity EDITORIAL IT’S as if 2016 just won’t give us a break. Two days ago, Star Wars fans around the world bade goodbye to Carrie Fisher, who was central to bringing to life the spectacular universe of Star Wars as Princess Leia to generations549 words
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Article, Illustration1046 2016-12-30 18 GIRISH RAMACHANDRAN - There’s urgent need to innovate ways to deliver healthcare services.BY services.BY GIRISH RAMACHANDRAN T The writer is president, Asia-Pacific, Tata Consultancy Services THE world is growing old. More people are ageing, ageing lonely and ageing with declining mental and physical abilities. Longevity hasFILE PHOTO - 1,046 words
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Article802 2016-12-30 18 J Bradford DeLong - THE BOTTOM LINE By J Bradford DeLong T The writer, a former deputy assistant US Treasury Secretary, is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. PROJECT SYNDICATE Berkeley ON Jan 20, 2017,PROJECT SYNDICATE - 802 words
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871 2016-12-30 19 Philip Seargeant - COMMENTARY By Philip Seargeant T The writer is a senior lecturer in Applied Linguistics at The Open University THE CONVERSATION EVERY December, lexicographers around the world choose their “words of the year”, and this year, perhaps more than ever, the storiesTHE CONVERSATION - 871 words
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743 2016-12-30 19 Sovann Giang, Dennis Lee, Claire Nie - COMMENTARY By Sovann Giang, Dennis Lee, Claire Nie T The writers are from the risk advisory division of RSM in Singapore. Mr Giang is senior director, Mr Lee is a director, and Ms Nie is a consultant, at the firm SINGAPORE Exchange’s (SGX)743 words
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Article, Illustration1126 2016-12-30 19 ANDREW HAMMOND - Asserting that the Obama team has done the most for Israel, he argues two-state solution is the only way to Mid-East peace. BY ANDREW HAMMOND peace.BY ANDREW HAMMOND T The writer is an associate at LSE ideas (the Centre for international Affairs, DiplomacyPHOTO: AFP - 1,126 words
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DINING OUT/WINE
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Article, Illustration1020 2016-12-30 20 JAIME EE - Thirteen is a late entrant to the Singapore dining scene in 2016, but Chef Fiechtner’s cooking gets your imagination going again. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Thirteen Duxton Hill 13 Duxton Hill Tel: 9054 1435 Open every day1,020 words
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Article, Illustration1011 2016-12-30 20 NK Yong - By NK Yong WHAT vintages of which wines does one start one’s collection with? A tough question but an absorbing one to deal with. When I started in 1983 I was very fortunate. It was already early summer of 1983 and the 1982 en primeursPHOTO: AFP - 1,011 words
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REVIEWS/ENTERTAINMENT
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Article, Illustration597 2016-12-30 21 GEOFFREY EU - Julieta is an adaptation of three linked short stories imbued with the trappings of Almodovaria. BY GEOFFREY EU UN film de Almodovar: four words that inevitably trigger a sense of anticipation among arthouse types. For roughly 35 years, Spanish auteur Pedro Almodovar597 words
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Article, Illustration578 2016-12-30 21 Dylan Tan - By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT GIVEN its novel premise, it’s funny how long it took for Philip K Dick’s Hugo Award-winning 1962 alternate history novel, The Man in the High Castle, to be adapted for screen. Thanks to Amazon Prime Video, it’s finally happened and578 words
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Article, Illustration460 2016-12-30 21 Dylan Tan - By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT JAZZ fans take note Jeremy Monteiro will be ringing in 2017 with a special dinner show that will pay tribute to Frank Sinatra. The Frankly, It’s the New Year performance will take place at Quentin’s ThePHOTO: RUSSEL WONG - 460 words
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Page 21 Miscellaneous
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Miscellaneous296 2016-12-30 21 CRYPTIC CROSSWORD Across 1 Let off extra duties at first (6) 5 County game is cut short before reserve appears (8) 9 Politicians finish in Lords who can’t abide changes (6,7) 10 Abandon plane and sit back working (8) 11 Ambush means gamble (6) 12 Con trendy officer on board296 words
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ARTS
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Article, Illustration950 2016-12-30 22 CHEAH UI-HOON - Esplanade’s The Studios puts spotlight on just one playwright for the first time. BY CHEAH UI-HOON uihoon@sph.com.sg T Actor, 40 Feb Haresh Sharma, resident playwright of The Necessary Stage (TNS), has written a few monologues in his illustrious 30-year career. There is the 1995 Rosnah andPHOTO: THE POND PHOTOGRAPHY; PHOTO: COURTESY OF ESPLANADE - 950 words
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Article, Illustration327 2016-12-30 22 Cheah Ui-Hoon - By Cheah Ui-Hoon uihoon@sph.com.sg ESPLANADE Theatres on the Bay puts the spotlight on the works of Singapore playwright and Cultural Medallion recipient Haresh Sharma in The Studios 2017. March 16-April 14 at Esplanade Theatre Studio www.esplanade.com/thestudios Fundamentally Happy (in Mandarin) Directed by Nelson Chia A co-production with NinePHOTO BY TUCKYS PHOTOGRAPHY, COURTESY OF ESPLANADE - 327 words
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Article, Illustration551 2016-12-30 22 Helmi Yusof - By Helmi Yusof helmi@sph.com.sg @HelmiBT TWO creatives a poet and a visual artist have come together to pay tribute to three cities: London, Yangon, and, of course, Singapore. The result of their collaboration is an art exhibition and a book launch that551 words
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Article, Illustration546 2016-12-30 22 Cheah Ui-Hoon - By uihoon@sph.com.sg Cheah Ui-Hoon uihoon@sph.com.sg THE works of artists Baet Yeok Kuan and Chng Nai Wee may not follow a discernible theme, but a closer look shows the two of them exploring new possibilities in the medium of painting. The duo’s last joint exhibition was546 words
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Page 22 Advertisements
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Advertisement31 2016-12-30 22 T Actor, 40 runs on Feb 3-6, Fri Mon, 8pm; Sat Sun, 3pm 8pm. The 15th edition of Huayi Chinese Festival of Arts runs from Feb 3-12. More information at ivals-and-series/huayi-chinese-fest-ival-of-arts/201731 words
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Advertisement73 2016-12-30 22 T Tickets for The Studios 2017 are now available from Esplanade’s Box Office at Mezzanine level (Tel: +65-6828-8389), the Sistic Hotline (Tel: +65-6348-5555) and all Sistic outlets. T Juxtaposition, an exhibition by Baet Yeok Kuan and Chng Nai wee, will be held during Singapore Art Week and runs from Jan73 words
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COVER STORY
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Article, Illustration934 2016-12-30 23 TAY SUAN CHIANG - More eco-friendly buildings and soothing colour schemes set the design tone for 2017. DESIGN BY TAY SUAN CHIANG taysc@sph.com.sg @TaySuanChiangBT WHAT will 2017 bring to the design world? More green buildings in Singapore, soothing colour palettes and furniture that incorporates technology are just some of934 words
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Article, Illustration516 2016-12-30 23 Helmi Yusof - ART AND AUCTIONS By Helmi Yusof helmi@sph.com.sg @HelmiBT TRUST Lorenzo Rudolf to tell it like it is. Last month at a press conference for the upcoming Art Stage Singapore 2017, its founder and fair director gave his candid views of the Singapore visual arts market: “EverybodyFILE PHOTO - 516 words
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Page 23 Advertisements
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Advertisement201 2016-12-30 23 St* news with benefits IN ASSOCIATION WITH wine our best picks s Ii_ STwine nil: STRAITS ITMI* I I T 011 st St wine m W -uJL 4 •HE STRAITS TIMES <» Fine wines at your doorstep Subscribe to ST's new wine club and get up to four bottles of201 words
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BT Lifestyle
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FORECAST 2017
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Article, Illustration725 2016-12-30 24 Dylan Tan - A year of deaths and rebirths What were 2016’s major developments and how will they impact the arts, entertainment and design next year? BT Lifestyle takes a look at the forces that’ll shape 2017 MUSIC By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT 2016 is quite easily the worst year for music fans.PHOTO: AFP; FILE PHOTOS - 725 words
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Article, Illustration524 2016-12-30 24 Dylan Tan - MOVIES By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THE music world lost a Prince in early 2016, and the film universe bid farewell to a Princess just earlier this week. It’s been a rocky year of celebrity deaths and for those wondering how Carrie Fisher’s sudden departureFILE PHOTO - 524 words
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Article, Illustration497 2016-12-30 24 Helmi Yusof - Never been more diverse and better TELEVISION By Helmi Yusof helmi@sph.com.sg @HelmiBT TV is changing faster than you can say Amazon Prime, and it’s almost all for the better. As we hurtle through the second decade of what’s called the “Golden Age of Television”, the number of acclaimed TV shows497 words
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Page 24 Advertisements
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Advertisement28 2016-12-30 24 ARTS Spotlight on playwright Haresh Sharma 22 CINEMA A family drama that’s given the Almodovar treatment 21 Predictions for 2017 in design, art and art auctions, Page 2328 words
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