The Business Times, 4 December 2013

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Microfilm: NL32902
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, December 4, 2013
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  • Article, Illustration
    Lock icon Dip in Nov PMI masks continued electronics strength
    634 1  -  By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Singapore’s latest purchasing managers’ index (PMI) reflects a mixed manufacturing performance in November. While the overall PMI reading fell short of expectations dipping 0.4 to expand at 50.8 last month the electronics index continued to strengthen, pointing
    Source: Singapore Institute of Purchasing & Materials Management  -  634 words
  • Article, Illustration
    Lock icon Property fuels surge in S’poreans’ net wealth
    945 1  -  MAS review shows household debt rising, but savings piling up faster; cautions that risks remain By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Singapore households have been given a clean bill of health as far as their debt is concerned. Despite warnings of an increasing
    Source: DOS  -  945 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,187.67 (-1.09) HST INDEX FUTURES 3,180.00 (-1.00) HSIMSCI 367.26 (-1.56) HSIMSCI FUTURES 365.40 (-2.70) US$ S$ US$ (S$ per US$) 1.256 (US$/S$ per 1.639 2.058 EURO (US$/S$/€ 1.355 1.702 Foreign currency per US$ S$ YEN 103.10 82.10 RM 3.216 2.560 HK$ 7.752 6.173 BAHT 32.19 25.63 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,824.29 +6.14 NIKKEI 225 15,749.66 +94.59 HANG SENG 23,910.47 -128.08 SET INDEX 1,383.89 +9.63 JAKARTA COMP 4,288.77 -33.21 MANILA COMP 6,179.50 -43.87 SEOUL COMP 2,009.36 -21.42 SHENZHEN B 884.44 +15.75 MUMBAI IND 20,854.92 -43.09 11.00am EST Change DOW 15,953.43 -55.34 NASDAQ 4,045.62 +0.36
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG 5.00 INDONESIA 14.204 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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      230 1 COMMENTARY Technology holds the key to a greener world PAGE 20 COMPANIES Tuas Power starts up its gas-fired cogen plant PAGE 6 STRAIT TALK Let’s keep shipping regulations global PAGE 17 EXEC MONEY Deflation or inflation? PAGE 28 DISTINCTLY INDIVIDUAL Martin No.38: for the discerning, whose vision is distinct and
      230 words
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      26 1 IProperty cooling moves show results I S’pore bank lending to China, India on the rise I Shadow banking poses no big threat to system PAGE 4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      349 2 S’poreans’ net wealth intact SINGAPORE households have been given a clean bill of health as far as their debt is concerned, according to the MAS Financial Stability Review. FRONT PAGE Electronics improves further in Nov WHILE Singapore’s November purchasing managers’ index fell short of expectations the electronics index
      349 words
    • Article
      Lock icon S’pore sets sights on int’l commercial litigation market
      946 2  -  It hopes this will bring more work to the local legal sector By joyceh@sph.com.sg JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] Flushed with its success in the sphere of international arbitration, Singapore is gunning for the rest of the dispute resolution market. It is setting
      946 words
    • Article
      Lock icon Penny stock players named in lawsuits
      681 2  -  By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Some of the parties in October’s penny stock collapse have popped up in a couple of soured deals making their way through Singapore courts involving Malaysian dealmaker John Soh Chee Wen. The disputes, which emerged in court around 2012
      681 words
    • Article
      Lock icon Yuan unseats euro in trade finance
      642 2  -  By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] The Chinese yuan has overtaken the euro to become the second most-used trade finance currency by value, financial payment network Swift announced yesterday. As of October, the yuan’s share of trade finance activity value was 8.7 per cent, above
      642 words
    • Article, Illustration
      Lock icon Japanese investors jittery over Thai rallies
      581 4 Japan companies with 348.4b baht in investments want normality to return WP AFP BANGKOK Fear of the negative impact that large an-ti-government rallies could have on Japanese companies is rising. If political instability in Thailand continues, a growing number of Japanese companies might re-examine
      WP; AFP; PHOTO: AP  -  581 words
    • Article, Illustration
      Lock icon S’pore bank lending to China, India on the rise
      722 4  -  Reports by SIOW LI SEN lisen@sph.com.sg [SINGAPORE] Singa-pore-based banks have been increasing their lending to the region, in particular to China and India, said the Monetary Authority of Singapore Financial Stability Review 2013. “With the significant increase in lending to the
      Source: MAS  -  722 words
    • Article, Illustration
      Lock icon Property cooling moves show results
      920 4 [SINGAPORE] The government’s measures to cool the residential property market have had significant impact: Transaction volumes have plunged, new home loan sales have contracted and loan-to-value (LTV) ratios have improved. “The series of propertyrelated measures taken by the government over the past few years has
      Source: URA  -  920 words
    • Article, Illustration
      Lock icon Shadow banking poses no big threat to system
      507 4 [SINGAPORE] Singapore’S shadow banking is small, and does not pose significant risks to the banking system, the Monetary Authority of Singapore Financial Stability Review 2013 said. Disclosing data on shadow banking here for the first time, it also showed that the majority
      Source: MAS  -  507 words
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      145 2 nanyang TECHNOLOGICAL UNIVERSITY Nanyang Business School MSC FINANCIAL ENGINEERING PROGRAMME JB It RACING AHEAD Young and research-intensive, Nanyang Technological University (NTU) is ranked 41 st in the world and also placed 2 nd globally among young elite universities. Its Nanyang Business School offers the Master of Science in Financial Engineering
      145 words
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      49 3 r w 00 CM k i M\ 3 OYSTER PERPETUAL SUBMARINER DATE THE HOURGLASS TAKASHIMAYA S.C. TEL: 6734 2420 TANG PLAZA. TEL: 6235 7I9S ION ORCHARD. TEL: 6509 9282 KNIGHTSBRIDGE. TEL: 6SS4S4S4 ORCHARD CENTRAL. TEL: 6337 8309 RAFFLES HOTEL ARCADE. TEL: 6334 3241 MILLENIA WALK. TEL: 6339 4870 ROLEX
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      Lock icon Page 5 Advertisements Column 1
      146 5 W v ,a a? >5 4 i «i S.Y w A VM8899 iM s m 23^ Porsche recommends Mobil D There are 3 possibilities to enjoy life. Today. Here. And now. The new Porsche Macan. Life, intensified. Life is at its best when lived intensely. That’s why we’ve built what
      146 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Tuas Power starts up its gas-fired cogen plant
      561 6  -  The $400m plant increases genco’s gas-fired capacity to 1,876 MW By RONNIE LIM ronnie@sph.com.sg TUAS Power has just started up its latest 406-mega-watt, gas-fired cogeneration plant, which will help the third-largest genco here maintain its Singapore market position especially given “the much
      FILE PHOTOS  -  561 words
    • Article
      Lock icon SGX derivatives, clearing activities up in Nov
      277 6  -  Record open interest in derivatives; drop in securities trading By CARINE LEE carinel@sph.com.sg SINGAPORE Exchange achieved a record high open interest for its derivatives market last month. This came as derivatives trading and clearing activities grew in November from a year earlier, compensating
      277 words
    • Article
      Lock icon 701Search gets boost with new Norwegian partner
      260 6  -  By NISHA RAMCHANDANI nishar@sph.com.sg NORWAY’S Telenor ASA, through wholly owned Telenor Communications II, has come onboard media company 701Search Pte Ltd as a new partner with a one-third stake. This follows the completion of the subsidiary’s purchase of an equal number of shares
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    • Article
      Lock icon Dynamic Colours to sell two companies to UK’s AEI
      246 6  -  By NISHA RAMCHANDANI nishar@sph.com.sg DYNAMIC Colours has entered into a legally binding terms sheet and a supplemental agreement to sell Suzhou Huiye Chemical Light Industry Co and Suzhou Huiye Plastic Industry Co to AEI Compounds for about US$15 million. Based in
      246 words
    • Article, Illustration
      Lock icon Sakae files new suits against former director
      989 7  -  Dispute relates to funds used to buy House of Tan Yeok Nee and Big Hotel By GRACE LEONG gleong@sph.com.sg SAKAE Holdings chief executive Douglas Foo has fired another legal salvo at the company’s former director Andy Ong Siew Kwee and others, in relation
      989 words
    • Article, Illustration
      Lock icon StanChart eyes share of London yuan business
      533 9 It plans to offer preferential interest rates and waive clearing fees Re uters [BEIJING] Standard Chartered Bank plans to offer preferential interest rates and waive clearing fees as part of its strategy to win market share for the growing yuan business in London.
      Reuters; FILE PHOTO  -  533 words
    • COMPANY BRIEFS
      • Article
        Lock icon Amplefield, Transcu on SGX Watch-List
        48 9 AMPLEFIELD and Transcu Group are both being placed on the Watch-List of the Singapore Exchange from today. Both the companies have two years to meet the necessary requirements in order to be removed from the Watch-List, failing which the companies will face delisting.
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      • Article
        Lock icon Hyflux unit seals project financing
        89 9 HYFLUX’S wholly-owned subsidiary, Tuaspring, has achieved financial close for the project financing of Tuaspring Desalination Plant. The water solutions company said that Tuaspring secured the $720 million, 18-year term loan facility from Maybank Singapore and Maybank Kim Eng Securities the lead arrangers, sole underwriters and
        89 words
    • Article
      Lock icon Tiong Seng secures $204.5m HDB deal
      272 9  -  Woodlands housing project brings order book to $1.28b By ONG CHOR HAO ongch@sph.com.sg CONSTRUCTION and property development group Tiong Seng Holdings has boosted its order book with a $204.5 million contract win from the Housing and Development Board (HDB). The latest deal, secured by
      272 words
    • Article
      Lock icon Berjaya Sports Toto shelves plan to list unit on SGX
      293 9 Market conditions and bad showing of yield stocks cited [KUALA LUMPUR] Berjaya Sports Toto Bhd (BToto) has shelved its plans to list its subsidiary, Sports Toto Malaysia Sdn Bhd, as a business trust on Singapore Exchange (SGX). It said on
      293 words
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      Lock icon Page 6 Advertisements Column 1
      157 6 S5 w m k. FESTIVE DINING ATTRIPLE THREE V !S! three MERRY MOMENTS AT MANDARIN ORCHARD SINGAPORE Bring the family down to Triple Three for a delightful buffet spread this Christmas. Have a go at the Christmas special Pan-fried Marinated Duck Liver with Miso and Black Truffle, followed by the
      157 words
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      Lock icon Page 7 Advertisements Column 1
      402 7 I Complete Asset Protection SIPC Protection up to US$500,000 m* rT Open An Account +65 6438 8228 k www.etrade.com.sg FINANCIAL 16 Raffles Quay, #32-07 Hong Leong Building, u s nvestment Expert Singapore *****1 (By appointment only) For the details of SIPC protection, please see www.sipc.org. Third party trademarks appearing herein
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI stocks buffer weak penny value
      568 8  -  Falls outnumber gains 237:166, with penny-stock saga trio all retreating STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent PENNY stocks underwent a weak session yesterday despite modest support for the Straits Times Index. The broad market recorded an advancedecline score of 166-237 while the benchmark index
      Source: Bloomberg  -  568 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Dec 3 VALUE CLOSE BT OB/OS -268.00 +21.00 BT CADI -*****.00 -67.00 BT 10-day MA -*****.00 -26.00 FTSE ST Mid Cap 722.88 -3.62 FTSE ST Small Cap 536.21 +1.06 FTSE ST All Share 771.68 -0.73 FTSE ST China Top 198.58 -1.05 FTSE ST China 224.44 -1.92 FTSE
      73 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 4 0 0 0 6 5 4 Manufacturing 34 48 42 7 9 7 41 57 49 Commerce 16 20 22 6 5 1 22 25 23 Tpt/Stor/Comms 8 19 11
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Technics Oil & Gas
        350 8 Technics Oil Gas Dec 3 close: $0.665 DMG Partners Research, Dec 3 TECHNICS Oil Gas (TGH) posted an $8.6-million loss in Q4 and a record $9.9-million loss for FY2013, below our already lowered estimates. The negative FY2013 Ebitda may hamper its ability to borrow or issue notes, which is necessary
        Source: Bloomberg  -  350 words
      • Article, Illustration
        Lock icon Courts Asia
        518 8  -  Compiled by JOYCE HOOI Dec 3 close: $0.675 AmFraser Research, Dec 3 WE are initiating coverage of Courts Asia with a “buy” rating and a $0.82 price target. Courts Asia is a leading electronics and furniture retailer in Singapore and Malaysia, with more than 25 years of operating
        Source: Bloomberg  -  518 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,645 9,645 39,072 39,072 Manufacturing 134,176 20,340 154,516 78,888 1,387 80,276 Commerce 121,649 240,147 361,796 112,422 16,483 128,906 Tpt/Stor/Comms 91,655 7,791 99,446 156,225 1,024 157,248 Finance 38,006 56 38,062 132,882 15 132,897 Construction 43,053 36,462
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 2.000 -0.010 CapitaLand 3.030 -0.010 CapitaMall 1.935 -0.020 CityDev 9.980 +0.010 ComfortDelGro 1.960 -0.020 DBS Grp 17.000 GLP 2.930 -0.040 Genting SP 1.505 -0.005 Golden Agri 0.575 -0.010 HK Land 5.770 -0.100 HPH Trust US$ 0.680 JMH 54.400 +2.250 JSH 34.000
      114 words
    • Article, Illustration
      Lock icon Korean won dragged down by sliding yen
      531 8 CURRENCIES Reuters [SINGAPORE] The won yesterday fell on the yen’s weakness, given competitions between South Korea and Japan in many product areas and key overseas markets. It fell against the US dollar yesterday, with a sliding Japanese yen making traders turn cautious towards
      Reuters; PHOTO: BLOOMBERG  -  531 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Albedo 143,598,000 Transcu Grp 88,246,000 MDR 84,116,000 Vallianz Hldgs 73,067,000 HanKore 66,223,000 Blumont 45,318,000 Noble Grp 41,096,000 SingHaiyi 39,256,000 Charisma Energy 32,097,000 Golden Agri 31,382,000 VALUE($) SingTel 62,497,030 DBS Grp 45,382,230 Noble Grp 44,359,215 UOB 43,663,400 Ezra 34,584,635 GLP 29,056,450 OCBC Bk 28,652,400 JMH 26,447,084 Keppel
      55 words
    • Article
      Lock icon RISES
      104 8 BY CENTS CLOSE UP JMH 5440 282.5 4.3 JSH 3400 131.8 3.2 DBXT FTVietnam 10US$ 2484 55.2 1.8 DBXT MSAsExJp 10US$ 3441 43.9 1.0 DBXT MSTHAI 10US$ 1894 31.4 1.3 DBXT MSMSIA 10US$ 1515 21.3 1.1 ShangriLa Asia 1554 13.0 5.4 Ezra 145.5 12.0 9.0 Great Eastern 1790 9.0
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    • Article
      Lock icon FALLS
      124 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -219.7 -1.5 DBXT MSKorea 10US$ 6314 -138.1 -1.7 DBXT iBoxxIDR 10US$ 925 -59.0 -4.8 DBXT MSINDO 10us$ 1175 -36.4 -2.4 Lyxor China H 10US$ 1530 -31.4 -1.6 Lyxor EasternEurope1 520 -20.1 -3.0 IS Asia BND 100US 998 -15.1 -1.2 IS MS India
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      80 9 your body and your appetite for shoppin Feed your mind G. i •*«tt '1 n 3 vv 0 ES0 VyrroHovit j-iriuuiiui ii Boarding pass Discover yourself in Korea Treat yourself to mouthwatering dishes, soul-searching serenity, and shop-till-you-drop therapy. And by showing your Korean Air boarding pass, you’ll get discounts in
      80 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Singapore climbs 50 rungs on World Giving Index
      659 10  -  But its people are less likely to help a stranger in need By KELLY TAY kellytay@sph.com.sg SINGAPORE has scooted up 50 places to rank 64th on the World Giving Index, which sorts 135 countries worldwide based on how philanthropic its citizens are.
      659 words
    • Article, Illustration
      Lock icon HSBC takes long position on CSR efforts
      562 10  -  By LEE U-WEN leeuwen@sph.com.sg WHEN it comes to corporate social responsibility (CSR), it must be ingrained in the company’s DNA and not be seen as something extra that needs to be done, according to HSBC Singapore chief Guy Harvey-Sam-uel. “We firmly believe that
      562 words
    • Article, Illustration
      Lock icon Harijanto lifts floral displays into exquisite art form
      625 10  -  He’s a winner at this year’s President Design Award By TAY SUAN CHIANG taysc@sph.com.sg THE next time you are at a grand wedding or gala dinner, take a closer look at the floral display. Chances are it would be the work of
      625 words
    • Article
      Lock icon Khaw seeks ideas from public on Draft Master Plan 2013
      354 10  -  By ONG CHOR HAO ongch@sph.com.sg NATIONAL Development Minister Khaw Boon Wan has asked Singaporeans to share their ideas on proposals from the Draft Master Plan 2013 (DMP13) to aid its implementation. Writing on his blog yesterday, he said: “Many of
      354 words
    • Article, Illustration
      Lock icon Hay’s survey sees 4.4% average pay rise in 2014
      502 10  -  Performance bonus seen falling to 2.2 months from 2.4 By TEH SHI NING tshining@sph.com.sg WITH the labour market expected to remain tight next year, yet another survey is predicting further pay hikes in 2014 for Singapore workers. Salary increments could average
      Source: Hay Group  -  502 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon KL’s infamous Highland Towers site up for sale
      458 11 Property players see fair bit of interest from developers for plot near city centre [PETALING JAYA] Twenty years after a major landslide triggered one of Malaysia’s worst disasters, the Highland Towers site on the outskirts of Kuala Lumpur, comprising bungalow lots and
      THE STAR FILE PHOTO  -  458 words
    • Article
      Lock icon Sime buys Aussie car dealer, property for A$81m
      228 11 [KUALA LUMPUR] Sime Darby Bhd, the country's oldest conglomerate, plans to pump in as much as A$80.7 million (S$92.4 million) to acquire automotive and real estate assets in Australia. Among the automotive assets that it will be getting as part of the
      228 words
    • Article
      Lock icon Malaysia set to strengthen anti-corruption agency
      605 11  -  By S JAYASANKARAN in Kuala Lumpur IF things go to plan, Malaysia could have an anti-cor-ruption agency along the lines of Hong Kong’s Independent Commission against Corruption by the middle of next year. Prime Minister Najib Razak has agreed apparently to table a constitutional
      605 words
    • Article
      Lock icon Indonesian taxi firm Blue Bird to delay IPO
      443 11 Reu ters [JAKARTA] The planned initial public offering of Indonesia’s biggest taxi operator, PT Blue Bird, will not happen this year after the company failed to receive regulatory approval in time, sources with knowledge of the matter said yesterday. Blue Bird is
      Reuters  -  443 words
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      1815 11 W WATS NOTICES is ft fa t ft CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1278D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of China Merchants Holdings (Pacific) Limited (the “Company”) will be held at Conrad
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Analysts give rupee a big year-end boost
      835 12 Currency up almost 10.5% from Aug 28 record low after RBI raised rates twice Bloomberg [MUMBAI] Strategists raised their end-2013 forecasts for India’s rupee by the most in seven quarters as the country’s current-ac-count deficit shrank and central bank governor Raghuram Rajan acted
      Bloomberg  -  835 words
    • Article, Illustration
      Lock icon Cameron talks trade, rights
      461 12 UK, China sign MOU on infrastructure investment Bloomberg [SHANGHAI] UK Prime Minister David Cameron said he’s raising concerns about human rights with Chinese leaders at the same time as pushing for increased trade and growing Chinese investment in Britain. “I come to China and I don’t
      Bloomberg; PHOTO: REUTERS  -  461 words
    • Article
      Lock icon Agri Bank plans to sell US$ bonds as costs fall
      441 12 Bloomberg [HONG KONG] Agricultural Bank of China is marketing a sale of dollar-de-nominated bonds as the cost of US currency debt for Chinese borrowers slides to the lowest in more than four years. The nation’s third-largest lender by market value,
      Bloomberg  -  441 words
    • Article
      Lock icon China’s Tencent value soars to US$33.9b
      544 13 The Internet services firm is the country’s most valuable listed technology brand Reuters [BEIJING] Internet services company Tencent Holdings Ltd has grown so rapidly it’s now China’s most valuable listed technology brand, with a value even closing in on that of Wal-Mart Stores Inc,
      Reuters  -  544 words
    • Article
      Lock icon Thai CP Group makes rare misstep in China
      833 13  -  By MARK O’NEILL EJ Insight [HONG KONG] The CP Group of Thailand was the first foreign investor in China after Beijing opened its doors to overseas investment in 1978. Today, the conglomerate is the largest overseas Chinese investor in the country, having
      EJ Insight  -  833 words
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      1729 12 Company Address Head Office: 42 Avenue JF Kennedy, L-1855 Luxembourg. Tel: +352-243-0 Singapore Branch: 9 Raffles Place, #55-01 Republic Plaza, Singapore *****9. Tel: +65 6597 1600 Board of Directors Chairman: Jeffrey Tessler I Vice Chairman: Philippe Seyll I Directors: Yves Baguet, Philip Brown, Mark Gem, Marcus Thompson, Mariette Toussaint BALANCE
      1,729 words
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      1013 13 C AIIC Or A Register and pay by January 8, 2014 and save up to US$350 L JJv on the most advanced information security training worldwide. Secure Singapore 2014 Event Location: Grand Copthorne Waterfront Hotel “SANS takes you to places you never thought of to be the best you need
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      87 13 MenffleelthsmPM URBANATHLON 20Uf MENSHEALTH.COM.SG THE TOUGHEST URBAN RAGE EVER! MKM ROUTE, 9 URBAN OBSTACLES s m\ 2923 [>« sy w MAR 2,2014 (SUN) -7AM NICOLL HIGHWAY THIS YEAR’S RACE IS GUARANTEEO TO OE YOUR TOUGHEST EVER, WITH 5 NEW ORSTACLES AND A MYSTERY CHALLENGE! All participants will receive a race
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  • WORLD
    • Article, Illustration
      Lock icon Japan’s salarymen taking home less as inflation rises
      560 14 Bloomberg [TOKYO] Japan’s salaries extended the longest tumble since 2010, increasing pressure on household finances as inflation begins to take root. Regular wages excluding overtime and bonuses fell 0.4 per cent in October from a year earlier, a 17th straight monthly decline,
      Bloomberg; PHOTO: REUTERS  -  560 words
    • Article
      Lock icon Fed unlikely to draw new markers for US rate hike
      767 14 Bernanke, Yellen remarks suggest no change coming in jobless rate threshold Reuters [SAN FRANCISCO] Federal Reserve policymakers have cooled to the idea of explicitly raising the bar on future interest rate hikes, a sign the US central bank is angling
      Reuters  -  767 words
    • Article
      Lock icon Japan to unveil 5.4t yen stimulus
      156 14 Reuters [TOKYO] Japan will craft an economic stimulus package this week worth about 5.4 trillion yen (S$65.9 billion) to bolster the economy ahead of an increase in the national sales tax in April, sources said yesterday. The size of the package, ordered in October
      Reuters  -  156 words
    • Article, Illustration
      Lock icon Budget cuts threaten US competitiveness, say companies, academics
      682 14 Reuters [WASHINGTON] Mandatory US budget cuts known as sequestration are resulting in job losses across the country and threaten to undermine US competitiveness in the global economy, industry executives and academics said, urging Congress to reverse the cuts. Wes Bush, chief executive
      Reuters; PHOTO: AFP  -  682 words
    • Article
      Lock icon Greece tackling graft better than Spain: watchdog
      243 14 AFP [BERLIN] Crisis-hit Greece has taken steps to fight corruption while Spain is dragging its feet on tackling bribery, graft watchdog Transparency International said as it released its annual report yesterday. “That’s one of the most interesting issues for us, the difference between
      AFP  -  243 words
    • Article, Illustration
      Lock icon Cyber Monday boom as online sales surge 19%
      864 15 Meanwhile, physical retail stores suffer first Black Friday decline since 2009 Bloomberg [SAN FRANCISCO] Cyber Monday sales surged, sending online shopping toward a single-day record as Amazon.com and EBay siphoned consumers from brick-and-mortar stores. Online sales rose 19 per cent from 2012
      Bloomberg; PHOTO: AP  -  864 words
    • Article
      Lock icon Apple buys start-up with access to live Twitter feed
      370 15 Bloomberg [SAN FRANCISO] Apple Inc purchased data analytics firm Topsy Labs, giving the world’s most valuable company new tools to spot trends as they emerge on Twitter Inc’s social network. Apple paid more than US$200 million for Topsy, sources said. The
      Bloomberg  -  370 words
    • Article
      Lock icon Goldman, JPMorgan clear stress tests on second try
      489 15 NYT [NEW YORK] Goldman Sachs and JPMorgan Chase have finally overcome a regulatory rebuke that had been hanging over both banks since the Federal Reserve performed stress tests this year on large financial firms. In March, Goldman and JPMorgan passed the tests,
      NYT  -  489 words
    • Article, Illustration
      Lock icon No more stalling, WTO chief tells Bali meeting
      606 16 Azevedo implores delegates to reach a modest agreement on key trade issues AFP [NUSA DUA, Indonesia] The chief of the World Trade Organisation (WTO) has warned that it is “now or never” as trade ministers opened a conference yesterday tasked with salvaging
      AFP; PHOTO: AP  -  606 words
    • Article, Illustration
      Lock icon Asean offers opportunities, Cambodia told
      437 16  -  But plugging into global economy also has risks: IMF chief By ANTHONY ROWLEY in Tokyo THE Asean Economic Community will offer enormous opportunities for “frontier” nations such as Cambodia, but becoming part of the regional and global economy also exposes such nations to greater risks,
      PHOTO: AFP  -  437 words
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      Lock icon US urges Japan, China to lower tensions over air defence zone
      583 16 Reuters [TOKYO] US Vice-President Joe Biden called on Japan and China to find ways to reduce tensions that spiked after Beijing proclaimed an air defence zone over disputed isles in the East China Sea, while repeating Washington was “deeply
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    • Article
      Lock icon Employers stepping in to prevent worker burnout
      761 16 AP [LONDON] After years in which the ease of instant communication via e-mail and smartphones allowed bosses to place greater and greater demands on white-collar workers, some companies are beginning to set limits, recognising that successful employees must be able to escape from
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      468 14 ■4 [«iAT>i NOTICES (am SARIN TECHNOLOGIES LTD. SARIN TECHNOLOGIES LTD. (Incorporated in Israel) (Israel Registration No. 51 *****07) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of SARIN TECHNOLOGIES LTD. will be held on 30 December2013 at 10:00 AM, Israel time
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      52 15 CHILDAID CARNIVAL EDITION Where: Sands Theatre, Marina Bay Sands When: Dec 6: 8pm Dec 7: 2.30pm and 8pm Admission: $18, $28 and $38 (excluding booking fees) from www.marinabaysands.com/ticketing or call 6688-8826. Tickets also available from Marina Bay Sands theatre box office, SkyPark, ArtScience Museum and MBS retail mall concierge or
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      64 15 16 18 July 2014 Marina Bay Sands, Singapore r u ASIA www.OfficExpoAsia.com it Singapore’s finest dedicated event for total office and business solutions Be involved. Exhibit with Us. Email: OEA@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Blk 8 Lorong Bakar Batu, #07-07
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      19 15 Feel a new, pulse in MyPaper tomorrow Be the first to experience a new heartbeat in Business Opinions. MyPapersffi
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      433 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) JUPITER ASIA NO. 1 PTE. LTD. (Company No. *****1566N) 2) TCI TRADING PTE LTD (Company No. *****0956H) (In Members'Voluntary Liquidation) At the respective Extraordinary General Meeting of the above-named Companies deemed to be held
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  • Transport HUB
    • Article
      Lock icon Let’s keep shipping regulations global
      974 17  -  If the EU comes up with its own CO2 emissions standard before an IMO global measure, harmonisation may be impossible STRAIT TALK By DAVID HUGHES MOST of us involved in international shipping know the one golden rule when it comes to regulating the industry: regulations
      974 words
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      Lock icon Gas-fuelled shipping set to draw new investments
      776 17 Record US output spurs merchant fleet to use a new fuel Bloom berg [NEW YORK] Royal Dutch Shell plc, General Electric Co (GE) and a company cofounded by T Boone Pickens are planning investments in natural gas-pow-ered shipping as record US output spurs
      Bloomberg; PHOTO: AFP  -  776 words
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      Lock icon TRANSPORT STOCKS
      238 17 SGX '000 Dec 03 S$ +/-Vol Ch Offshore 0.43 unch 85 Chuan Hup Hldg 0.26 -0.01 142 Dec 03 Cwt Limited 1.28 -0.02 692 Ezra Hldgs 1.46 0.12 ***** First Ship Lea unch unch 0 Grand Banks 0.22 unch 10 Jaya Hold Ltd 0.69 -0.01 491 K1Ventures 0.19
      238 words
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      Lock icon Iran’s VLCC owner hopes for easing of sanctions on fleet
      311 17 Bloom berg [LONDON] NITC, the Tehe-ran-based company that is the biggest owner of supertankers, said that it’s hopeful that last month’s agreement between Iran and world powers will eventually lead to an easing of sanctions on its fleet. The US
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  • TRANSPORT HUB: AVIATION
    • Article
      Lock icon Municipal debt backed by airlines takes off
      910 18 Those backed by American Airlines’ parent has gained 500% in two years Bloomberg [NEW YORK] Municipal debt backed by American Airlines’ parent has gained more than 500 per cent in two years, rewarding investors who withstood AMR Corp’s bankruptcy filing and a failed
      Bloomberg  -  910 words
    • Article
      Lock icon Loose change at US airports may benefit military
      573 18 WP [WASHINGTON] A quarter here, a penny there and pretty soon all the loose change left in plastic bins at Transportation Security Administration airport checkpoints adds up to real money about US$531,000 in fiscal 2012. The coins not claimed by passengers are
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    • Article
      Lock icon Brazil won’t let in more foreign airlines for World Cup 2014
      493 18 Handling expected load not a problem, says aviation chief AP [RIO DE JANEIRO] Brazil has decided against opening more routes for foreign air carriers for next year’s World Cup, certain it can handle the millions of sports fans who
      AP  -  493 words
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      Lock icon Chance to weaken Qantas makes Virgin an attractive target
      803 18 Bloomberg [SYDNEY] What makes Virgin Australia Holdings Ltd, the second-largest competitor in a market with only 23 million passengers, such an attractive takeover target? The chance to weaken Qantas Airways Ltd on international routes. Singapore Airlines, Air New Zealand and Etihad
      Bloomberg; PHOTO: AFP  -  803 words
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  • Page 18 Miscellaneous
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      Lock icon Page 18 Miscellaneous Column 1
      297 18 CRYPTIC CROSSWORD Across 7 Extremely wrong to be consumed by stunner? Indeed (8) 9 State benefit right’s accepted (6) 10 Worry about Queen making comeback (4) 11 The compiler’s second time bringing in Queen excessive! (10) 12 Rendezvous with planet circling Earth (6) 14 Honesty is giving my word! (8)
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  • TRANSPORT HUB: LAND
    • Article
      Lock icon BMW Asia head leaving for The Hague
      372 19  -  Neil Fiorentinos led German marque to become S’pore’s top brand in 2011, 2012 By SAMUEL EE samuelee@sph.com.sg IT looks like Neil Fiorentinos, managing director of BMW Group Asia, will have a snowy start to 2014. After driving the German luxury marque to the
      372 words
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      Lock icon Mazda profit grows on new models, lower yen
      576 19  -  H1 operating profit surges nearly 6.5 times to 74b yen By SAMUEL EE samuelee@sph.com.sg MAZDA posted an operating profit of 73.96 billion yen (S$904.4 million) in the first six months ended Sept 30, 2013, or nearly 6.5 times more than the same
      576 words
    • Article
      Lock icon Audi leads the way in luxury headlamps with smart, non-blinding high beams
      527 19 Bloomberg [FRANKFURT] In its bid to overtake Bayerische Motoren Werke as the world’s bestselling luxury car maker, Audi wants to dazzle, not blind. In a pitch-black museum hall near Dusseldorf in October, the Volkswagen AG unit had a
      Bloomberg  -  527 words
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      233 19 THERE'S NOW A FASTER AND EASIER WAY TO FIND THE BEST CANDIDATE IT'S AS SIMPLE AS 1-2-3 Visit our portal to self-register and place your ads online or email postad@STJobs.sg and we will post your ad for you. e SMS Send your request to ***** according to this format i.e.
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  • EDITORIAL & OPINION
    • Article
      Lock icon Thai protests a reminder that rifts remain
      497 20 EDITORIAL THE anti government protests that have rocked Bangkok over recent weeks are a stark reminder that despite the relative calm in Thai politics over the last two years, social tensions continue to simmer under the surface and Thai society remains as polarised
      497 words
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      Lock icon China paying a steep price for new air defence zone
      769 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA’S announcement of an East China Sea Air Defence Identification Zone (ADIZ) effectively took hostage the world's multibillion-dollar airline industry. An
      769 words
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      Lock icon Technology holds the key to a greener world
      1070 20  -  Universal accord critical to encouraging private sector to innovate for the future By G PANICKER The writer was formerly with BT’s foreign desk I T is rare that UN climate meetings are accompanied by forebodings. The super typhoon that flattened parts of
      PHOTO: AFP  -  1,070 words
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      Lock icon Iran deal a major success for Obama
      958 21  -  The breakthrough and wider events in Mid-East are likely to accentuate his focus on foreign policy By ANDREW HAMMOND The writer was formerly US analyst at Oxford Analytica and a special adviser in the government of Tony Blair A HISTORIC interim deal was
      PHOTO: AFP  -  958 words
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      Lock icon End of sanctions will bring Iran gas, and clout, to South and Central Asia
      804 21  - End of sanctions will bring Iran gas and clout to South and Central Asia YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THE interim agreement between Iran and the big six world powers (the US, France, Germany, UK, China and Russia) on nuclear fuel will
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    • Article
      Lock icon Wanted: board directors with digital expertise
      637 21  -  By KATHRYN YAP The writer is a managing partner at CTPartners, a global executive search firm DIGITAL technology is fundamentally changing business models as we know them. Whether it is being used to accelerate the supply chain, introduce cost reductions, speed up product development,
      637 words
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  • Article
    Lock icon Shipping Times
    2256 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE CONCOURSE SINGAPORE *****5 Main Line: 6603 9550 FAX: 6603 9566 VESSEL VOY SIN NOU SUVA BUS
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      73 23 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to
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      18 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the Business times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      SGX MAINBOARD
      3162 24 Transaction date: Dec 3 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 15 11.5 8Telecom Sale Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld C'vr 188 106
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      SGX CATALIST
      221 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller
      221 words
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      UNIT TRUST & FUNDS
      11421 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.5/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos!” 1 9256/ China Opportunities!' FM local Ccy Bond 0 8939/ European Opportunities!" 1 2853/ Global Emerging Markets'”
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      GLOBALQUOTE
      262 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 30 AVJennings A57 -1 2 57 57 58 60 3.6 6.1 4.6 211 52 31.5 Genting HK US$ US45.5 +1.5 ***** 46 43.5 45.5 46 2996
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      SGX ETF
      901 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 113 12 113 113 112.5 113 515.8 143 127.7 CIMB APAC Div 100S$D 129.6 +1.7 0 129.6 129.6 128.6 129.5
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  • FINANCE & COMMODITIES
    • Article
      SGX DERIVATIVES TRADING
      725 26 Dec 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.54 *****.15 *****.90 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****2 Mar14 *****.00 *****.00 *****.00 *****.00 4827 ***** MSCI TAIWAN INDEX FUTURES SPOT 296.29 296.67 295.20 Dec13 295.80 296.70 294.60 296.30 ***** *****8 Jan14 295.20
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    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Dec 2 Index Change Change Change Change Change Change World Preliminary 1160.1 -0.1 23.7 -0.1 24.7 -0.3 21.3 EAFE Preliminary 940.6 -0.4 21.4 -0.5 20.2 -0.7 16.9 Europe Preliminary 1336.6 -0.5 16.5
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    • Article
      INTERBANK CROSS RATES
      471 26 Dec 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.967 5.539 0.671 7.048 56.688 108.121 0.937 9.646 2.923 1.112 98.752 39.753 1.142 9.374 0.826 26.938 29.266 0.555 0.909 Canada 1.034 5.725
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    • Article
      SIBOR
      37 26 Dec3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** Source: Thomson Reuters
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      GOVERNMENT SECURITIES
      88 26 Dec 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****E 30-May-14 0.28 1-Year BY*****T 31-Oct-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.71 101.82 101.75 5-Year N*****0T 0.5 01-Apr-18 99.2 99.45 99.25
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    • Article
      PRECIOUS METALS
      136 26 Dec 03 GOLD(US$/oz) Dec 03 Dec 02 Hong Kong 1232.00 1251.00 Dec 02 Nov 29 London 1227.36 1253.05 1228.13 1253.65 Source: Thomson Reuters CAST BAR Dec 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 111 49 5gm 315 246 10gm 562 492
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    • Article
      PALM OIL
      57 26 Dec 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2579.0 2571.0 2592.0 2570.0 132 2026 Jan 14 2610.0 2607.0 2638.0 2595.0 5100 ***** Feb 14 2630.0 2617.0 2645.0 2605.0 ***** ***** Mar 14 2636.0 2623.0
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    • Article
      INTERBANK CURRENCY RATES
      155 26 Dec 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1410 1.1426 0.9089 0.9094 Canadian dollar 1.1794 1.1809 0.9399 0.9395 Euro 1.7009 1.7025 1.3549 1.3551 NZ dollar 1.0265 1.0277 0.8177 0.8180 Sterling pound 2.0568 2.0590 1.6384 1.6388
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    • Article
      CHICAGO BOT
      109 26 Dec 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1321.25 1336.50 1346.00 1319.25 Mar 14 1306.00 1317.75 1327.00 1303.00 May 14 1287.50 1297.75 1305.75 1284.00 Jul 14 1278.75 1288.00 1293.75 1274.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • Article
      LIFFE
      94 26 Dec 2 COCOA (£/tonne) Close Prev High Low Dec 13 1746 1736 1763 1738 Mar 14 1759 1745 1775 1748 May 14 1755 1741 1770 1748 Jul 14 1749 1736 1762 1739 COFFEE(US$/tonne) Close Prev High Low Jan 14 1658 1642 1670 1638 Mar 14 1628 1625 1645 1617
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    • Article
      BONDS, WARRANTS & EXTENDED SETTLEMENT
      1129 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 28 0.0 5 -84 55 Asia-Pacific Strategic W*****6 0.4 1 123 305 76.25 5 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 3 Asiatic Grp(Hldgs) Ltd W*****5
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    • Article
      CRUDE OIL & PRODUCTS
      68 26 CRUDE OIL PRODUCTS Dec 02 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.96 0.01 WTI (Near Mth) 93.91 1.19 Dubai (1-Mth F) 105.45 -1.90 Tapis blend 115.17 -1.38 Minas 108.97 -1.38 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.89 0.33 Jet Kerosene 126.32 -0.26 US$/barrel OpecOil Basket
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    • Article
      US$/S$ FORWARD RATES
      21 26 Dec3 S$ Bid Offer 1-month 1.2554 1.2564 2-months 1.2553 1.2563 3-months 1.2553 1.2563 6-months 1.2549 1.2560 Source: OCBC
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    • Article
      LONDON METALS
      65 26 Dec-02 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1696.75 1710.00 3 months 1742.50 1755.00 Copper, Grade A(US$/tonne) Cash 6970.00 7054.25 3 months 6975.00 7055.00 Lead(US$/tonne) Cash 2042.00 2055.25 3 months 2067.00 2080.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.00
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    • Article
      FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Dec 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.171 1.116 Can dollar 1.202 1.156 Euro 1.740 1.658 Sterling pound 2.093 2.013 NZ dollar 1.054 1.014 US dollar 1.282 1.221 Local dollars to 100 units of foreign
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    • Article
      INTERBANK RATES
      157 26 Dec 3 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.20 0.10 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
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      Page 27 Advertisements Column 1
      65 27 Into its 11thedition Participate In Singapore’s MEGA FOOD Participate In BEVERAGE FAIR SUNTEC Singapore Halls 401-403 27th Feb 2nd Mar 2014 Book Now *Limited Booths Available! *****620 or Email: sales@exhibitsinc.com.sg Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD FOOD FAIR AND CONSUMER ELECTRONICS EXHIBITION) BLOCK 8, LORONG
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      19 27 Find a sharper voice in MyPaper tomorrow Be the first to discover the newest voice in Top Stories. MyPaper
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  • executive Money
    • Article, Illustration
      Deflation or inflation?
      1496 28  -  Savvy investors can benefit from either economic scenario with appropriate strategies MONEY MATTERS Shane Oliver AMP Capital Investors The writer is head of investment strategy and chief economist at AMP Capital EVER since the global economy started to “recover” from the global financial crisis in 2009, a
      Source: Global Financial Data, AMP Capital; Source: Thomson Reuters, AMP Capital  -  1,496 words
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      Wielding clout to get their way
      1119 27 US public pension funds are behaving like activist investors to make companies comply with their wishes as major shareholders NYT ACTIVIST investors like Carl c Icahn, Daniel S Loeb and William A Ackman are getting deep-pocketed imitators. Some of the biggest public pension funds,
      NYT; PHOTO: BLOOMBERG  -  1,119 words
    • Article, Illustration
      Top deal-maker reinvents himself with hedge funds
      964 27  -  Ousted by Lehman, he now applies his skills at Blackstone By RANDALL SMITH NYT J TOMILSON Hill was a well-known Wall Street deal-maker in the 1980s, a skilled merger tactician whose work on the bidding war for RJR Nabisco earned him a role
      NYT; PHOTO: BLOOMBERG  -  964 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      648 28 Opportunities. It’s about looking in the right places. At UBS, we go beyond the expected. With a proven track record, the UBS Equity China Opportunity Fund* has delivered performance for our investors. Besides investing in large-cap stocks, we also strive to uncover the gems in small and mid-cap stocks. *Refers
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      Page 28 Advertisements Column 2
      13 28 ACTIVISM US public pension funds take a leaf from activist investors PAGE 27
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