The Business Times, 8 January 2014

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Total Pages: 69
1 40 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, January 8, 2014
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  • 389 1  -  It will target those keen on stable returns with low risks By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Temasek Holdings is exploring ways to offer bonds to retail investors in Singapore, a spokesman said yesterday. “This will provide an alternative investment opportunity for those seeking stable returns
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,120.88 (-2.94) HST INDEX FUTURES 3,120.00 (-3.00) HSIMSCI 357.64 (-1.06) HSIMSCI FUTURES 357.10 (-1.60) US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.639 2.083 EURO (US$/S$/€ 1.362 1.731 Foreign currency per US$ S$ YEN 104.40 82.10 RM 3.286 2.585 HK$ 7.754 6.099 BAHT 33.08 26.02 RUPIAH
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    • 48 1 Tuesday Change KL COMP 1,825.11 -4.07 NIKKEI 225 15,814.37 -94.51 HANG SENG 22,712.78 +28.63 SET INDEX 1,262.36 +31.52 JAKARTA COMP 4,175.81 -27.00 MANILA COMP 5,947.44 -38.37 SEOUL COMP 1,959.44 +6.16 SHENZHEN B 846.45 +1.27 MUMBAI IND 20,693.24 -94.06 10.30am EST Change DOW 16,541.52 +116.42 NASDAQ 4,147.07 +33.39
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    • 21 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 INDONESIA 14.449 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • 916 1  -  Price up from US$1,182 at end-Dec to US$1,234, but longer-term outlook is lacklustre By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] It was all doom and gloom for gold at the end of 2013, but the new year has put a bounce back in gold prices.
    Source: Bloomberg  -  916 words
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    • 136 1 EXECUTIVE MONEY Are global equities broadening out? PAGE 30 HOCK LOCK SIEW Yellen’s job unlikely to be easy PAGE 7 STRAIT TALK Euronav’s bold move to expand fleet PAGE 19 COMMENTARY Dead Cow (Vaca Muerta) walking? PAGE 22 Wealth preservation is in his genes: Read about it in Wealth. PLUS:
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    • 12 1 Hedge funds raise gold bets as analysts predict more declines, Page 29
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  • TOP STORIES
    • 859 2  -  But wide gap with lowest bid points to divergence in market reading By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Despite last month’s rule changes affecting the executive condo market, an EC site in Jurong West has drawn strong interest with 12
      Source: HDB, www.onemap.sg  -  859 words
    • 457 2 Gold price bounces back on Chinese demand IT was all gloom for gold at the end of 2013, but the new year has put a bounce back in gold prices. FRONT PAGE Temasek explores retail bond issuance TEMASEK Holdings is exploring ways to offer bonds to retail investors
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    • 598 2  -  The main differences are education and income levels: poll By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] They are boisterous, determined, and simply won’t take “no” for an answer. Over the past two months, tens of thousands of anti-government protesters have taken to the streets of Bangkok,
      BT Graphic: Ludwig Ilio; Source: The Asia Foundation  -  598 words
    • 708 2 OBITUARY Reuters [HONG KONG] Hong Kong media mogul Run Run Shaw, who created an empire in Asia spanning movies to television, died yesterday at the age of 106, his company said. Mr Shaw died peacefully at his home in Hong Kong,
      Reuters; AFP FILE PHOTO  -  708 words
    • 677 3  -  2.9% rise takes 2013 total to 32.6m TEUs, just behind Shanghai Port’s By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] Singapore’s container throughput hit a record last year, shrugging off another sluggish year for the industry. Advance estimates released yesterday by the Maritime and Port Authority of
      PHOTO: AFP  -  677 words
    • 387 3  -  *£11 REUTERS BREAKINGVIEWS By DOMINIC ELLIOTT [LONDON] Michel Barnier’s banking reforms may have been watered down, but they could yet prove dangerous for Europe’s banks. The European Commissioner for the internal market is weeks away from releasing the final plan for making the region’s financial
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      890 words

  • COMPANY NEWS
    • 584 4  -  It seeks Catalist listing to raise $8.46m with offer shares at 28¢ apiece By SAMUEL EE samuelee@sph.com.sg THE distributor group behind the Lamborghini and Alfa Romeo brands is seeking a Catalist listing to raise about $8.46 million to expand its automotive and lifestyle businesses in Singapore
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    • 326 4  -  By JACQUELYN CHEOK jaccheok@sph.com.sg HIAP HOE through wholly owned Hiap Hoe Strategic (HHS) is proceeding with its planned acquisition of SuperBowl Holdings at 75 cents a share, with a view to taking it private. This follows the approval
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    • 784 4  -  Counter closes at $9.75; it’s down 43¢ since rumours broke By MICHELLE QUAH michquah@sph.com.sg SHARES of OCBC Bank continued to be dogged by investor concern over plans to take over Hong Kong’s Wing Hang Bank. The counter closed at a
      Source: Bloomberg  -  784 words
    • 216 4  -  By LEE U-WEN leeuwen@sph.com.sg LONG House Food Centre, a popular food centre along Upper Thomson Road, has a new owner, after being sold for $45.2 million. Long House Food Centre has been acquired by TEE Ventures, a subsidiary of the mainboard-listed TEE Land,
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    • 370 4  -  By JOYCE HOOI joyceh@sph.com.sg TELEDATA (Singapore) Limited is placing out up to 240 million new shares in an exercise that will raise net proceeds of about $2.33 million. The shares will be issued at 1.02 cents apiece, which represents a discount of 7.27 per cent
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    • 754 7  -  HOCK LOCK SIEW By R SIVANITHY STEPPING into the shoes of an outgoing leader who commanded significant respect and who achieved unparalleled success is a hugely daunting and difficult task just ask new Manchester United manager David Moyes whose first few months as ir
      PHOTO: REUTERS  -  754 words
    • 347 7  -  By RAPHAEL LIM raphlim@sph.com.sg LISTED Global Logistic Properties Limited (GLP) has leased 106,000 square metres of logistics space in Sao Paulo in its first deal with Brazil’s largest fashion retail company. The deal with Riachuelo at the GLP Guarulhos logistics park
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    • 364 7  -  By NISHA RAMCHANDANI nishar@sph.com.sg A REPLACEMENT flight carrying the 467 passengers who were diverted to Azerbaijan on Monday after a Singapore Airlines (SIA) plane lost cabin pressure landed at Changi Airport around 3.40pm yesterday. SQ317, which had been bound for Singapore from
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    • 265 8 First major Singapore IPO in 2014 may raise up to US$355 million Reuters SINGAPORE-listed property group OUE Ltd will begin book-building for a commercial real estate investment trust (Reit) listing in the city-state on Jan 13 that may raise as much as US$355
      Reuters; FILE PHOTO  -  265 words
    • 380 8 AFP [TAIPEI] Taiwanese computer maker Acer said yesterday it has made its first major investment since overhauling its top management late last year, acquiring a 15.6 per cent stake in a PChome subsidiary. While declining to disclose the value of the deal, the statement
      AFP  -  380 words
    • COMPANY BRIEFS
      • 72 8 SPECIALIST relocater Chasen Holdings has secured $10.6 million in new contracts in its third quarter ended Dec 31 last year. Among the deals are a $7.4 million cross-border relocation project for a Korean company to Guangzhou. The mainboard-listed company also announced a new business model,
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      • 72 8 SINGAPORE Post’s wholly owned subsidiary Quantium Solutions International (QSI) yesterday entered into a joint venture with Indonesia’s PT Rantai Bumi Laut (RBL) for a warehousing and freight forwarding business in Indonesia. The company, named PT Quantium Solutions Logistics Indonesia, will have an
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      • 88 8 CAPITALAND was conferred a Top 10 Asean Enterprise Entering China award by the China-Asean Business Council in Beijing yesterday. This is the second straight year it has won this. CapitaLand president and group chief executive officer Lim Ming Yan was conferred the Outstanding Asean
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  • SINGAPORE MARKETS
    • 535 6  -  STI makes a modest recovery before ending down for a third straight session STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent HAVING already dropped 52 points in total on Friday and Monday, the Straits Times Index yesterday initially managed a modest rebound, probably thanks to short-covering.
      Source: Bloomberg  -  535 words
    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 2 6 0 0 0 6 2 6 Manufacturing 44 48 42 11 5 8 55 53 50 Commerce 31 9 16 6 5 1 37 14 17 Tpt/Stor/Comms 14 12 14
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,005 23,005 45,658 45,658 Manufacturing 718,051 717,147 1,435,198 172,250 27,721 199,971 Commerce 323,826 317,013 640,839 67,628 35,775 103,404 Tpt/Stor/Comms 76,419 5,440 81,859 131,272 644 131,915 Finance 38,803 175 38,978 292,180 57 292,237 Construction 66,616 503,013
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    • 109 6 Stock name Close Change CapMallsAsia 1.915 -0.015 CapitaLand 2.960 CapitaMall 1.885 CityDev 9.300 -0.040 ComfortDelGro 2.010 +0.045 DBS Grp 17.040 +0.020 GLP 2.860 -0.030 Genting SP 1.485 Golden Agri 0.545 -0.010 HK Land 5.960 +0.050 HPH Trust US$ 0.665 JMH 53.020 +0.680 JSH 32.660 +0.550 Jardine
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    • BROKERS’ TAKE
      • 349 6 Jan 7 close: S$7.68 Maybank Kim Eng Research, Jan 7 WE upgrade Venture Corporation to BUY from HOLD in anticipation of an earnings recovery this year, as well as renewed interest in the stock on account of this and the sustainable dividend yield of almost 7 per cent.
        Source: Bloomberg  -  349 words
      • Article, Illustration
        384 6  -  Compiled by TEH SHI NING Jan 7 close: S$3.88 OCBC Investment Research, Jan 7 SINGAPORE Technologies Engineering (STE) had a good run from Dec 31, 2012, to Nov 7, 2013. Its share price rose 9.9 per cent, outstripping the STI’s 1.1 per cent increase over the same period.
        Source: Bloomberg  -  384 words
      • 135 6 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter
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    • 531 6 CURRENCIES Reuters [SINGAPORE] The rupiah led declines among emerging Asian currencies yesterday with South Korea’s won hitting a near two-month low as the dollar broadly gained despite disappointing US data. The Indonesian currency fell on corporate dollar demand. Offshore funds continued to
      Reuters; PHOTO: BLOOMBERG  -  531 words
    • 4 6 DAILY
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    • 77 6 Jan 7 VALUE CLOSE BT OB/OS 388.00 -78.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 +39.00 FTSE ST Mid Cap 715.55 +0.09 FTSE ST Small Cap 546.55 +1.26 FTSE ST All Share 759.21 -0.39 FTSE ST China Top 198.95 +0.35 FTSE ST China 224.79 -0.12 FTSE
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    • 55 6 VOLUME KLW Hldgs 618,634,000 Charisma Energy 493,932,000 Memstar 363,045,000 CNA 182,624,000 HanKore 152,274,000 SingHaiyi 118,633,000 Federal Int 104,473,000 OEL 98,778,000 China Bearing 91,485,000 Albedo 88,201,000 VALUE($) OCBC Bk 181,528,290 SingTel 80,761,980 DBS Grp 60,275,820 Charisma Energy 40,828,129 UOB 40,439,140 Memstar 39,164,784 CNA 27,723,669 Wilmar 26,731,100 Keppel Corp
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    • 114 6 BY CENTS CLOSE UP Lyxor AsiaIT 10US$ 3300 980.1 30.5 SPDR DJIA 10US$ ***** 696.6 3.5 Lyxor ThaiSET 10US$ ***** 249.2 1.9 JMH 5302 86.4 1.3 JSH 3266 69.9 1.7 DBXT MSTHAI 10US$ 1698 55.9 2.7 SPDRS S&P 500 10US$ ***** 44.5 0.2 Jardine C&C 3617 39.0 1.1 DBXT
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    • 126 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -114.4 -0.9 Hyflux 6% CPS 10 ***** -60.0 -0.6 Lyxor China H 10US$ 1363 -36.9 -2.1 DBXT MSCHINA 10US$ 1211 -34.3 -2.2 DBXT FTChina25 10US$ 2819 -31.8 -0.9 Total Access 290 -25.4 -6.5 SI Fund 198 -13.0 -6.2 UOB 2072 -13.0
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 30 7 'T A I Newly renovated beachfront resort at Desaru Beach, Johor, Malaysia I V t ft f 9 a ,4 i Kindly call +6 **********8 for more information BRC v.
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    • 203 7 Senate confirms Yellen as Fed head, Page 16 Better manage the shadow plays in business by shining the light of true understanding NUS Business School Executive Education programs Authentically Asian insights EXECUTIVE EDUCATION ADVANCED MANAGEMENT PROGRAM: ASIA IN FOCUS 10 21 March 2014, Singapore Offering deep insights on global and
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    • 2638 8 mats notices 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices STARLAND HOLDINGS LIMITED (Company Registration No. *****1382E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Starland Holdings Limited (the “Company”) will be held at Seminar Room, 21 Heritage
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  • SINGAPORE NEWS
    • 788 9  -  Polls by Hudson, Achieve Group differ on expected headcount changes By VIVIEN SHIAO vshiao@sph.com.sg SALARIES are expected to go up by 3-5 per cent this year, according to reports by two recruitment firms, but the outlook for hiring is less clear.
      PHOTO BLOOMBERG  -  788 words
    • 473 9  -  German food firm alleges 2.46m euros of transactions By GRACE LEONG By gleong@sph.com.sg TWO top executives of Biomax Technologies are accused of carrying out unauthorised transactions totalling 2.46 million euros (S$4.24 million) from the bank account of Brightstar Holdings GmbH between June 2006 and March
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    • 380 9  -  By JACQUELYN CHEOK jaccheok@sph.com.sg POLICYMAKERS, and even entrepreneurs concerned about the lack of entrepreneurial ambition or activity in Singapore may have some reason to cheer: a recent survey has shown that being a “boss” has become the top career choice
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    • SINGAPORE ROUNDUP
      • 139 9 ERRANT employers who have been bypassing the Workplace Safety and Health Council’s (WSH) reporting requirements by breaking up the medical leave of their injured employees will no longer be able to do so. With changes to the WSH incident-reporting requirements, employers will now have to
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      • 143 9 THE Workforce Development Agency (WDA) has appointed the Singapore Association of Convention and Exhibition Organisers and Suppliers (Saceos) to administer and promote its Enterprise Training Support (ETS) scheme. The association said yesterday that it will act as a one-stop ETS centre for its
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      • 90 9 THE Monetary Authority of Singapore (MAS) announced yesterday that it will continue with its programme to make available “good-as-new” $2 notes to be stuffed into hongbao for the coming Chinese New Year. Under MAS’s “Go Green” initiative carried out last year, clean and crisp $2
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    • 404 9  -  Sources say they have been awarded $890m contract By RONNIE LIM ronnie@sph.com.sg A CONSORTIUM comprising Royal Vopak, the largest independent terminal operator here, and engineering group Jurong Consultants has won the operatorship contract for the $890 million first phase of the Jurong Rock Cavern
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    • 491 9  -  By GRACE LEONG gleong@sph.com.sg THE inventors of an emergency mobile clinic who took the Ministry of Defence (Mindef) to court for intellectual property infringement have thrown in the towel, discontinuing their suit just days before a second tranche of trial was to start
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  • MALAYSIA/INDONESIA
    • 624 10 It expects higher earnings on local demand and likely interest-rate cut Bloomberg [JAKARTA] Indonesia’s biggest pension fund plans to boost equity and bond holdings in 2014 as it expects domestic consumption and a possible reduction in interest rates to raise company
      Bloomberg  -  624 words
    • 486 10  -  By PAULINE NG In Kuala Lumpur PROPERTY cooling measures have made most investors wary of buying shares of builders, but RHB Investment Bank believes that Matrix Concepts Holdings is worth a second look. The Negri Sembi-lan-based developer, having timed its initial public
      486 words
    • 715 10  -  By S In Kuala S JAYASANKARAN In Kuala Lumpur FORMER prime minister Mahathir Mohamad has called for power-sharing among Malaysia’s races, the Barisan Nasional (BN) way, saying this was the best way for the country to remain peaceful and
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  • Page 10 Advertisements
    • 1909 10 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates NOTICE IS ALSO HEREBY GIVEN that if within fourteen (14) days from the date of this publication, no claims or representations are made to the Directors of each of
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    • 349 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND WEISS SERVICES PTE. LTD. (In Members’Voluntary Liquidation) By way of Shareholder’s Written Resolution dated 2 January 2014, the following Resolutions were duly passed. 1. AS SPECIAL RESOLUTIONWINDING UP That the Company be wound up voluntarily pursuant to Section 290(1 )(b)
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    • 3 10 tumumum a showbiz.omy.sg
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  • Page 11 Advertisements
    • 796 11 sV) *o*' s, T“oon» 00 at NITIAL PUBLIC OFFERING GLOBAL V 4 Y h X M f s i << *»Sg£ y ■.’•’•-r rT?rt^* EUROSPORTS GLOBAL LIMITED (Company Registration No.; *****0284Z) (Incorporated in the Republic of Singapore on 12 December 2012) Invitation in respect of 80,000,000 Invitation Shares comprising 40,000,000
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  • GREATER CHINA
    • 327 12 Reuters [HONG KONG] The number of properties sold in Hong Kong fell by more than a third last year to a 17-year low as a drastic increase in tax on home sales, introduced to tackle rising prices,
      – Reuters  -  327 words
    • 502 12 2014 hikes to boost consumption, but drive low-cost factories abroad Bloomberg [BEIJING] China’s wages are set to increase by 10 per cent or more in 2014, driving more low-cost manufacturers out of the country and boosting consumption, according to analysts at firms including
      Bloomberg; PHOTO: AFP  -  502 words
    • 276 12 AFP [SHANGHAI] China will allow three to five fully private banks to be set up this year as part of efforts to further open up the sector, the banking regulator said. At a work conference on Monday, the China Banking Regulatory Commission
      AFP  -  276 words
    • 419 12 Bloomberg [SHANGHAI] Greenland Holding Group Co, the builder of one of China’s tallest towers, will invest £1.2 billion (S$2.5 billion) on two property projects in London as Chinese developers branch out overseas. The state-owned company, which is investing in the UK for the
      Bloomberg  -  419 words
    • 303 12 Bloomberg [BEIJING] China’s central government will boost spending on projects to conserve water this year as the world’s most-populous nation grapples with ways to ensure adequate supply of the vital resource, an official said. Water conservation investments totalled 439.7 billion yuan (S$92.37
      Bloomberg  -  303 words
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  • Page 13 Advertisements
    • 4507 13 WATS NOTICES I Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GOODLAND GROUP LIMITED (Incorporated in Singapore) (Company Registration No: *****5522N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Goodland Group Limited (the “Company”) will be held at Seletar Country Club, 101 Seletar Club
      4,507 words

  • WORLD
    • 685 14 Bonuses, estimated at US$1 b, said to be cause for company missing forecasts Reuters [SEOUL] Samsung Electronics has earned less than even the most conservative analyst forecast in Octo-ber-December after handing out an estimated US$1 billion in bonuses to mark 20 years since its
      Reuters; PHOTO: AFP  -  685 words
    • 588 14  -  Education system in need of overhaul as country progresses By PAULINE CHIOU The author is a CNN anchor/correspondent and the co-host of ’World Business Today’ based in Hong Kong. Follow Pauline on Twitter @PaulineCNN. For more business coverage, go to www.cnn.com/business. [HONG KONG]
      PHOTO: AFP  -  588 words
    • 486 14 Bloomberg [HANOI] Vietnam will allow foreign investors to take bigger stakes in the nation’s lenders in a bid to bolster the ailing banking system. The limit for foreign so-called strategic investors will be increased to 20 per cent from 15 per cent, while the
      Bloomberg; PHOTO: BLOOMBERG  -  486 words
    • 587 14  -  Retired general with right-leaning views to join fray By ANTHONY ROWLEY in Tokyo TOKYO’S gubernatorial election next month is shaping up into a public test of Prime Minister Shinzo Abe’s nationalist policies with the entry as a candidate of retired Air
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    • 381 14 AFP [TOKYO] Japan’s foreign minister left for Spain and France yesterday, where he was expected to press Tokyo’s case in its spat with China. In a message on his ministry’s Facebook page, Fumio Kishida noted that the visits were
      AFP  -  381 words
    • 533 15 US$600m needed to fund a rice subsidy scheme at centre of political crisis Reuters [BANGKOK] Thailand’s besieged government faces a major confidence vote in financial markets next week when a state bank will try to raise about US$600 million in a domestic bond
      Reuters  -  533 words
    • 364 15 LATEST US DATA Reuters [WASHINGTON] The US trade deficit was the smallest in four years in November as exports hit a record high and weak oil prices restrained import growth, the latest evidence of strengthening economic fundamentals. The Commerce Department yesterday said that
      Reuters; PHOTO: BLOOMBERG  -  364 words
    • 534 15 First drop in 5 mths as confidence in economy grows Bloomberg [FRANKFURT] German unemployment in December declined for the first time in five months as companies’ confidence in Europe’s largest economy strengthens. The number of people out of work decreased by a seasonally adjusted 15,000 to
      Bloomberg  -  534 words
    • 393 15 AFP [BERLIN] Natural disasters, led by Super Typhoon Haiyan in the Philippines and flooding in Europe, cost a total of US$125 billion in 2013, German reinsurance giant Munich Re estimated yesterday. The figure was below the average over 10 years of US$184
      AFP; PHOTO: AFP  -  393 words
    • BRIEFING
    • 676 16 Move marks first time a woman leads US central bank in its 100-year history NYT [WASHINGTON] The Senate confirmed Janet Yellen as the chairwoman of the Federal Reserve, marking the first time that a woman has led the country’s central bank in its 100-year
      NYT; PHOTO: REUTERS  -  676 words
    • 734 16 Authorities said the deep freeze was making its way east AFP [CHICAGO] A blast of bone-chilling cold reaching lows not seen in two decades gripped the US early yesterday, snarling air travel, closing schools and prompting calls for people to stay inside. Superlatives
      AFP; PHOTO: REUTERS  -  734 words
    • 450 16 Reuters [NEW YORK] US prosecutors are examining a new set of Credit Suisse Group AG documents, including internal emails, that may show whether a bank committee charged with overseeing the quality of home loans ignored red flags to the detriment of mortgage investors,
      Reuters  -  450 words
    • 483 16 Reuters [WASHINGTON] Recent college graduates in the United States face a more challenging job market, causing them to remain unemployed or take lower paying jobs than their counterparts in the past two decades, an analysis by the Federal Reserve Bank of New
      Reuters  -  483 words
    • 486 16 Bloomberg [TORONTO] BlackBerry Ltd, which struggled to entice customers with touch-screen models last year, plans to return its focus to keyboard-equipped phones under chief executive officer John Chen. “I personally love the keyboards,” Mr Chen said at the International Consumer Electronics Show
      Bloomberg  -  486 words
    • 525 18 Global research firm Ipsos polled respondents from 23 countries Reuters [NEW YORK] Most people around the world are optimistic that this year will be better than last year and that the global economy will be stronger, according to a poll. Seventy-six per
      Reuters; PHOTO: REUTERS  -  525 words
    • 383 18 Reu ters [LONDON] British businesses reported strong growth and rising confidence in the fourth quarter of 2013, suggesting the country’s economic recovery will pick up speed, a survey showed yesterday. The British Chambers of Commerce (BCC) said its quarterly economic survey
      Reuters  -  383 words
    • 461 18 Bloomberg [NEW YORK] Royal Bank of Scotland Group plc was ordered to pay US$50 million by a federal judge in Connecticut over claims that it rigged the London interbank offered rate. RBS Securities Japan Ltd in April pleaded guilty to
      Bloomberg; PHOTO: REUTERS  -  461 words
    • 422 18 The drop in 2013 is at lowest level since at least 2006 Reuters [WILMINGTON, Delaware] Business bankruptcy filings in the United States dropped 24 per cent in 2013 to their lowest level since at least 2006, according to a report on Monday. Overall, bankruptcies by
      Reuters  -  422 words
    • 976 18 MSCI Emerging-Mkt Equity gauge falls 5%, biggest drop in 15 years Bloomberg [NEW YORK] Wall Street’s biggest banks say the slump in emerging-market assets that left equities trailing advanced-na-tion shares by the most since 1998 last year will prove more than a
      Bloomberg  -  976 words

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    • 105 15 ProspS|||iLunar New Year Delicacies 17 January to 14 February 2014 Usher in the Lunar New Year with an exquisite menu to celebrate an abundant year ahead with your family. Head Chef Mok Wan Lok dishes out eight meticulously crafted Lunar New Year set menus along with a scrumptious collection of
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    • 4853 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF INTERNATIONAL CONNEX HOLDINGS PTE LTD Company Registration No. *****0059W (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of INTERNATIONAL CONNEX HOLDINGS PTE LTD by Written
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    • 157 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF REGENCY ONE DEVELOPMENT PTE LTD COMPANY REG. NO: 2004-*****-W (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that the Creditors ofthe abovenamed Company, which is being wound up voluntarily, are required on or before the 20th January
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    • 243 17 THE COMPANIES ACT (CHAPTER 50) CENTRAL STEEL (SINGAPORE) PTE LTD (Co. Reg. No. *****6784N) (“Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 3 January 2014, it was resolved that the Company cannot, by reason of its liabilities and other matters, continue
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  • Transport HUB
    • 706 19  -  The VLCC market can be heading for some good times or for an extended period in the doldrums STRAIT TALK By DAVID HUGHES NEW Year cheer among tanker owners was muted at the TradeWinds Charterers Forum in Geneva in the middle of last month.A
      706 words
    • 530 19 Free again Chinese vessel stuck while rescuing passengers of Russian ship AFP [BEIJING] A Chinese ship broke free yesterday from Antarctic ice in which it became stuck after rescuing passengers from a trapped Russian vessel, state media reported. The Xue Long, or Snow Dragon, “pulled free of the ice and
      AFP; PHOTO: AFP  -  530 words
    • 355 19 AFP [PANAMA CITY] After emergency Spanish mediation, the Panama Canal Authority and a consortium expanding the major waterway will try to resolve a US$1.6 billion dispute threatening to disrupt the project. Spanish Public Works Minister Ana Pastor flew to the Central American nation for
      AFP  -  355 words
    • 378 19 It’ll book 14b kroner gain in move to focus on core areas Bloomb erg [COPENHAGEN] A P Moel-ler-Maersk plans to sell stakes in supermarket and department store units as the owner of the world’s largest container shipping line divests assets that aren’t related
      Bloomberg  -  378 words
    • 234 19 SGX '000 Jan 07 S$ +/-Vol Ch Offshore 0.43 unch 120 Chuan Hup Hldg 0.27 unch 170 Jan 07 Cwt Limited Vol First Ship Lea 0.43 Grand Banks 0.23 0.01 123 Jaya Hold Ltd Cosco Cprp K1Ventures 0.19 unch 2092 Keppel Corp 11.18 0.07 2209 Mercator Lines unch
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    • TRANSPORT HUB: AVIATION
      • 517 20 Icy conditions, pilot limits cited for latest spate of cancellations NYT [NEW YORK] There is reason to celebrate the 100th anniversary of the first scheduled airplane passenger flight in the United States. That flight was right on schedule. After a week like the
        NYT; PHOTO: REUTERS  -  517 words
      • 676 20 Reuters [CHICAGO] Boeing remained the world’s largest plane maker in 2013, but industry sources said it lost the race to log new orders to rival Airbus. Boeing Co said on Monday that it delivered a record 648 jetliners in 2013, topping Airbus for
        Reuters  -  676 words
      • 419 20 Decision further delayed on which state gets 777X job Reuters [SEATTLE] Some Boeing Co machinists plan to push for a recount or even a new vote on their latest labour contract with the aircraft maker, possibly extending a long-running drama over which
        Reuters  -  419 words
      • 363 20 Bloomberg [LONDON] EasyJet Plc, Europe’s No 2 discount airline, grew faster than market leader Ryanair Holdings Plc last year as CEO Carolyn McCall refined its product offering to appeal to a wider range of clients. EasyJet’s passenger count rose by 2.13 million, or 3.6
        – Bloomberg; PHOTO: AFP  -  363 words
    • TRANSPORT HUB: LAND
      • 463 21 Move to introduce it in California ties with step to create refuelling stations AFP [LAS VEGAS] Toyota said that it plans to launch a fuel-cell car in the United States next year, declaring the hydrogen vehicle with zero emissions “the
        AFP; PHOTO: AFP  -  463 words
      • 296 21 Bloomberg [BEIJING] China has ordered Fiat SpA’s Chrysler Group LLC to investigate its Jeep Wrangler, saying the SUV had a “relatively high risk” of catching fire and warned owners not to drive the vehicle under extreme conditions. Owners of the Jeep Wrangler, which is
        Bloomberg  -  296 words
      • 277 21 AFP [LONDON] Sales of new cars in Britain accelerated last year to the highest level since 2007, industry data showed yesterday, as the nation’s economic recovery picks up speed. Nearly 2.265 million new cars were registered in 2013, compared with 2.045 million
        AFP  -  277 words
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  • Page 20 Advertisements
    • 25 20 V Thousands of Singapore property agents exit the Kb Thousands of Singapore property agents exit the industry To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 20 Miscellaneous
    • 320 20 CRYPTIC CROSSWORD Across 1 Offers supply vessel and leaves without permission (7) 5 One might sink eight pints, full of energy! (7) 9 Knit bag for loose change (5) 10 What one does after an alarming breakdown? (9) 11 Thrashing hit general badly (10) 12 What the Irish used to
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  • Page 21 Advertisements
    • 516 21 The Art Science of Effective Communication Who should attend: Managers, team leaders and other general management professionals, marketing professionals, retail professionals, customer service professionals, business owners, educators, executives and anyone interested in effective communication in and out of the office. FULL-DAY WORKSHOPS Managing Your Customers Managing customers is important for
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  • EDITORIAL & OPINION
    • 494 22 EDITORIAL THE annual Consumer Electronics Show (CES), now being held at Las Vegas, usually affords the first glimpse of various electronic gadgets and trends which the industry expects will become the craze during the rest of the year. For many tech enthusiasts, however, the
      494 words
    • 738 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN an example of China flexing its economic muscles in Europe, the Spanish government has decided to intervene and block a special
      738 words
    • 969 22  -  Argentina’s bountiful shale gas field could alter the regional balance of gas-based power By ANDRÉS VELASCO The writer, a form er finance minister of Chile, is a visiting professor at Columbia University Project Syndi cate in Santiago IMÓN Bolívar, the South American independence hero who
      Project Syndicate; PHOTO: REUTERS  -  969 words
    • 836 23  -  Lord Voldemort has been invoked in the dust-up between the Chinese and Japanese ambassadors to Britain WILLIAM PESEK Bloomberg LONDON isn’t usually the place to look for clues about rising tensions between China and Japan. But a surreal diplomatic tit-for-tat there speaks volumes
      Bloomberg; FILE PHOTO  -  836 words
    • 688 23  -  By DENNIS POSADAS The writer is the author of ‘Greenergized: A business fable on clean energy’ (UK: Greenleaf, 2013) THE devastation brought by Typhoon Haiyan to some islands in the Philippines in November left entire towns and cities levelled to the ground, and thousands
      688 words
    • 1495 23  -  By HARISH MEHTA The writer, a former BT senior Indochina correspondent, is a historian who has taught at Canadian universities and authored books on Indochina THE surprising victory of India’s fledgling Aam Aadmi Party (AAP) or Common Man’s Party in recent
      1,495 words



  • Page 25 Advertisements
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  • SINGAPORE STOCKS
    • 3071 26 Transaction date: Jan 7 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 Last Vol Day Last Quote Div Gr Yld Net 188 106 AIMSAMPIReit 142 -0.5 333 142.5 141.5 141.5 142 7.5
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    • 296 27 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
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    • 11257 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 8906/ China Opportunities 1 2 7943/ EM Local Ccy Bond *****/ European Opportunities 1 1 3136/ Global Emerging Markets
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    • 249 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US43.5 unch 3812 44 43.5 43.5 44 2864.3 Sale 318 191 TanChongInt HK301 +1 51 307 301 301 305 4.3 2.3
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    • 885 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 124.5 CIMB APAC Div 100S$D 124.5 -1.2 3 124.5 124.5 123.7 124.6 114.4 98.3 CIMB APAC Div 100US$ US98.3 97.4 97.9 10.3 1510 1192
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  • FINANCE & COMMODITIES
    • 728 28 Jan 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.41 *****.37 *****.25 Mar14 *****.00 *****.00 *****.00 *****.00 *****2 *****8 Jun14 *****.00 *****.00 *****.00 *****.00 7 1772 MSCI TAIWAN INDEX FUTURES SPOT 297.58 298.48 296.77 Jan14 297.20 299.20 296.40 297.40 ***** *****7 Feb14 297.60
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    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 6 Index Change Change Change Change Change Change World Preliminary 1172.6 -0.3 -1.0 -0.2 -0.8 -0.4 -1.3 EAFE Preliminary 950.8 -0.3 -0.6 -0.1 -0.8 -0.3 -1.2 Europe Preliminary 1349.5 -0.1 -0.4
      373 words
    • 471 28 Jan 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.953 5.401 0.655 6.921 55.700 109.561 0.932 9.536 2.933 1.080 94.177 39.993 1.135 9.509 0.809 26.856 29.521 0.545 0.893 Canada 1.050 5.670
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    • 34 28 Jan 7 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • 88 28 Jan 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.58 101.60 101.59 5-Year N*****0T 0.5 01-Apr-18 97.55 97.60 97.60
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    • 138 28 Jan 07 GOLD(US$/oz) Jan 07 Jan 06 Hong Kong 1246.00 1245.00 Jan 06 Jan 03 London 1241.60 1235.99 1242.15 1237.21 Source: Thomson Reuters CAST BAR Jan 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 114 51 5gm 324 253 10gm 579 507
      138 words
    • 59 28 Jan 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2549.0 2530.0 2552.0 2530.0 191 1538 Feb 14 2577.0 2542.0 2577.0 2539.0 3387 ***** Mar 14 2592.0 2561.0 2594.0 2558.0 ***** ***** Apr 14 2599.0 2569.0
      59 words
    • 155 28 Jan 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1345 1.1349 0.8925 0.8926 Canadian dollar 1.1906 1.1916 0.9372 0.9366 Euro 1.7311 1.7316 1.3618 1.3620 NZ dollar 1.0508 1.0512 0.8266 0.8268 Sterling pound 2.0830 2.0837 1.6386 1.6389
      155 words
    • 109 28 Jan 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1296.75 1289.25 1301.50 1290.00 Mar 14 1276.75 1271.25 1282.25 1269.25 May 14 1261.50 1258.25 1267.00 1256.25 Jul 14 1251.00 1248.25 1256.00 1245.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
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    • 94 28 Jan 6 COCOA (£/tonne) Close Prev High Low Mar 14 1706 1730 1738 1703 May 14 1698 1717 1725 1695 Jul 14 1693 1710 1720 1690 Sep 14 1690 1706 1715 1683 COFFEE(US$/tonne) Close Prev High Low Jan 14 1707 1660 1719 1658 Mar 14 1705 1644 1717 1636
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    • 1123 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 (’000) Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Albedo Limited W*****9 Disc Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit MB eCW*****1 3.6 0.2 210
      1,123 words
    • 70 28 CRUDE OIL PRODUCTS Jan 06 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.75 -0.03 WTI (Near Mth) 93.67 -0.56 Dubai (1-Mth F) 104.23 -0.27 Tapis blend 113.14 0.09 Minas 106.44 -0.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.97 -1.20 Jet Kerosene 122.66 -1.38 US$/barrel OpecOil Basket
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    • 22 28 Jan 7 S$ Bid Offer 1-month 1.2712 1.2714 2-months 1.2711 1.2713 3-months 1.2711 1.2713 6-months 1.2707 1.2710 Source: OCBC
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    • 65 28 Jan-06 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1735.25 1727.25 3 months 1782.50 1772.50 Copper, Grade A(US$/tonne) Cash 7346.50 7330.50 3 months 7325.00 7315.00 Lead(US$/tonne) Cash 2136.50 2147.50 3 months 2165.00 2176.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 121 28 As at 9am Jan 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.162 1.107 Can dollar 1.211 1.165 Euro 1.768 1.684 Sterling pound 2.120 2.039 NZ dollar 1.075 1.034 US dollar 1.294 1.233 Local dollars to 100 units of foreign
      121 words
    • 158 28 Jan 7 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 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
      158 words


  • executive Money
    • 1354 30  -  As Europe slowly but steadily weathers its fiscal woes, 2014 will most likely see more markets delivering positive returns EDDY LOH The writer is an equity strategist at Barclays IN some parts of the financial markets, there are rumblings that a bubble is building up
      1,354 words
    • 1535 29  -  Medium-term projection would be your best bet with some guessing thrown in, and also a correction on the cards By PAUL SULLIVAN NYT FIVE years ago, it would have been easy to predict that the stock market would be higher today than it was then. But no
      NYT; PHOTO: AFP  -  1,535 words
    • 1184 29 It tumbled 28% last year and some see a further 19% fall to US$1,000 this year Bloomberg [CHICAGO] Hedge funds have raised their bullish gold bets to a six-week high, splitting with analysts at Technical Research Advisors and Goldman Sachs
      Bloomberg; PHOTO: BLOOMBERG  -  1,184 words
  • Page 30 Advertisements
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  • Page 1 Advertisements
    • 36 1 Wealth SERGE DE GANAY SPOTLIGHT Wealth preservation is ingrained in his gene Roundtable on what’s in store in 2014 Investment potential of Singapore properties Chinese healthcare: A shot in the arm for wealthy investors? JANUARY 2014
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  • Page 2 / 3 Advertisements
    • 257 2 / 3 n "Y O II Wfe- ix -%-m 4 '4- > I i I* f r t '•T: n. TvJh 1 i 'ir. is f j t- i «v ■1 5T 5 Jdl -r 1' Ju 1 -2 tef* a- IL- i4*F" I..- *•*1 ii.• MR 1 CPRw ii 5 T
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  • Page 4 Advertisements
    • 139 4 CONTENTS STOCK.XCHNG PHOTO: 10 OUTLOOK Investing in the year ahead Equities remain the flavour of the year, but strategists caution that returns are expected to be more muted 12 EQUITY MARKETS Climbing the wall of worry This year, equities are again expected to generate positive returns, outperforming both cash and
      139 words

  • Page 5 Advertisements
    • 87 5 Credit Suisse M SS' =1 rtvmm raw mm L. lT 3 L_ i H»s-. z 1= y T& ASIAN PRIVATE BANKER AWARDS FOR DISTINCTION 2012 wl m Best Private Bank Indonesia Best Private Bank Family Office Services Best Private Bank Philanthropic Services Our clients have individual goals and ambitions. Credit
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  • Page 6 Advertisements
    • 224 6 20 35 36 22 ROUNDTABLE Making the next move Staying diversified has paid off for investors over the past year. While developed market equities put up a better showing than Asia and emerging market equities, what investment themes will unfold in 2014? Our panellists share their views 30 ASSET MANAGER
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  • Page 7 Advertisements
    • 48 7 KEEP IT IN THE FAMILY. There’s a very good reason that we know so much about family businesses; we are one. Which is one reason Britain’s wealthy families have been coming to us to protect their wealth for over 300 years. coutts.com INVESTMENT MANAGEMENT PRIVATE BANKING WEALTH PLANNING
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  • Wealth
    • 715 8  -  By Genevieve Cua S a high net worth individual, you yearn to leave a legacy and you know that making wealth last through more than one generation is truly a challenge. Markets, of course, pose a major risk just as they are an opportunity. The risk is that
      PHOTO: STOCK.XCHNG  -  715 words
    • OUTLOOK
      • 1029 10  -  EQUITIES REMAIN THE FLAVOUR OF THE YEAR, BUT STRATEGISTS CAUTION THAT RETURNS ARE EXPECTED TO BE MORE MUTED By Genevieve Cua QUITIES are still the favoured asset class for 2014, as views from various strategists contacted by Wealth show. But many sound a note of
        PHOTO: STOCK.XCHNG  -  1,029 words
    • EQUITY MARKETS
      • 1148 12  -  THIS YEAR, EQUITIES ARE AGAIN EXPECTED TO GENERATE POSITIVE RETURNS,OUTPERFORMING BOTH CASH AND FIXED INCOME By Rob Rob Aspin Rob Aspin is Head of Equity Investment Strategy, Group Wealth Management, Standard Chartered Bank QUITY markets, particularly those in the developed world, rallied strongly in 2013
        1,148 words
    • TRUST MATTERS
      • 1215 14  -  FAMILY WEALTH MANAGEMENT IS ALL ABOUT ADOPTING THE BEST PRACTICE OF THE PAST AND PUTTING IN PLACE THE NEXT PRACTICE OF THE FUTURE Mark Haynes Daniell Founder and Chairman Raffles Family Wealth Trust Mark Haynes Daniell is the founder and chairman of the Raffles Family
        1,215 words
    • FAMILY WEALTH
      • 1066 18  -  A FAMILY CHARTER CAN BE A USEFUL TOOLTO HELP KEEP WEALTH IN THE FAMILY By Bernard Fung Bernard Fung is Head of Family Office Services and Philanthropy Advisory for the Asia-Pacific, Private Banking Wealth Management, Credit Suisse N an article written for The Business Times
        1,066 words
    • SPOTLIGHT SERGE DE GANAY
      • 1476 20  -  FOR SERGE DE GANAY, THE SIXTH GENERATION DESCENDANT OF OTTO BEMBERG AND CHAIRMAN OF QUILVEST WEALTH MANAGEMENT, THE CONCEPT OF WEALTH PRESERVATION IS INGRAINED IN HIS GENE By Genevieve Cua EALTH preservation and diversification sound like mundane buzzwords that are routinely included in advice for
        PHOTO: ARTHUR LEE  -  1,476 words
      • 728 21  -  By Genevieve Cua THE family off ice concept is one that has caught private banks’ attention. Burgeoning wealth in Asiasuggests that there is a pool of ultra high net worth families that may benefit from a family office, and some banks have rolled
        728 words
    • ROUNDTABLE
      • 4931 22 STAYING DIVERSIFIED HAS PAID OFF FOR INVESTORS OVER THE PAST YEAR. WHILE DEVELOPED MARKET EQUITIES PUT UP A BETTER SHOW ING THAN ASIA AND EMERGING MARKET EQUITIES, WHAT INVESTMENT THEMES WILL UNFOLD IN 2014? OUR PANELLISTS SHARE THEIR VIEWS 2013 was a gratifying one for investors
        PHOTO: STOCK.XCHNG  -  4,931 words
      • 285 28 Genevieve Cua, BT Wealth Editor poses questions to five wealth experts for their views on the outlook for 2014. Lim Say Boon is Chief Investment Officer at DBS Private Bank. He has previously held senior positions in bankingand finance and the financial media. life-long interest in
        285 words
    • ASSET MANAGER
      • 2183 30 FROM QUANTITATIVE EASING TO EQUITIES AND BONDS TO PERFORMANCE OF DEVELOPED/EMERGING MARKETS, STRATEGISTS FROM BLACKROCKGIVE THEIR TAKE ON THE FACTORS AT PLAY AND THE EFFECTS ON MARKETS WELCOME to a new regular feature of Wealth magazine, where we highlight fund management companies and their views. Our
        2,183 words
    • MULTI-ASSET STRATEGY
      • 992 32  -  THE CHALLENGE IS IN GENERATING INCOME TO MEET INVESTORS’ NEEDS BUT WITHOUT TAKING UNDUE RISKS By Aymeric Forest Aymeric Forest (CFA) is Multi-Asset Fund Manager, Schroders HE demand for income solutions is a function of global and structural issues, largely a result of an ageing demography, negative
        PHOTO: iSTOCKPHOTO  -  992 words
    • FOREX MARKETS
      • 1001 33  -  WHAT INVESTORS SHOULD LOOKOUT FOR AND WHAT THEY CAN DO TO CAPITALISE ON KEY DEVELOPMENTS By Fabian Neo Fabian Neo is Head of Treasury and FX Sales, Asia, Barclays AS we gallop into the year of the horse, there are
        PHOTO: iSTOCKPHOTO  -  1,001 words
    • EMERGING MARKET BONDS
      • 1012 34  -  FED TAPERING CONCERNS HAVE ADVERSELY IMPACTED INVESTOR SENTIMENT FOR EMERGING MARKET BONDS, BUT MODESTLY BETTER RETURNS MAY LIE AHEAD By Todd Schubert Todd Schubert (CFA) is Head of Fixed Income Research, Bank of Singapore 2013 has proven disappointing for investors in emerging market (EM) corporate bonds. With
        PHOTO: STOCK.XCHNG; Source: IMF; Source: BAML  -  1,012 words
    • VIEWPOINT
      • 1051 35  -  INVIEWOFRECENTGLOBAL DEVELOPMENTS, WHICH INVESTMENTS STILL OFFER VALUE? Leonardo Drago Co-founder AL Wealth Partners AL Wealth Partners is an independent Singapore-based company providing fund management and advisory services to accredited investors A FRIEND was asking for investment advice, concluding that funds are bad investments. Funds are usually promoted
        PHOTO: AP  -  1,051 words
    • REAL ESTATE
      • 1359 36  -  OPPORTUNITIES EXIST FOR INDIVIDUALS OF HIGH NET WORTH TO INVEST IN SINGAPORE PROPERTY, DESPITE AQUIETER MARKET Alice Tan Associate Director and Head of Consultancy Research Knight Frank S INGAPORE property has become a choice asset class for high net worth individuals (HNWIs), especially since the 2008 global financial
        Source: REALIS (as at Nov 26, 2013), Knight Frank Research; PHOTO: KNIGHT FRANK; FILE PHOTO  -  1,359 words
    • ULTRA WEALTH
      • 990 38  -  ONLY TIME WILL TELL IF CHINA’S FLOURISHING HEALTHCARE SECTOR WILL BE A PANACEA OR BITTER PILL FOR WEALTHY INVESTORS Tara Loader Wilkinson Editor-in-Chief Wealth-X Wealth-X is the source of intelligence on the ultra wealthy, with the world’s largest collection of curated research on UHNW individuals
        PHOTO: iSTOCKPHOTO  -  990 words
  • Page 8 Advertisements
    • 48 8 COVER ARTWORK JENNIFER CHUA PHOTO ARTHUR LEE Spotlight: Serge de Ganay Wealth SERGE DE GANAY SPOTLIGHT Wealth preservation is ingrained in his gene Roundtable on what’s in store in 201 4 Investment potential of Singapore properties Chinese healthcare: A shot in the arm for wealthy investors? JANUARY 2014
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  • Page 9 Advertisements
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  • Page 17 Advertisements
    • 179 17 ASiAMONEY POLLS 2013 Some results are harder to keep private IMost Financially Stable and Reputable Private Bank in Asia Best Global Private Bank in Asia* Best Global Private Bank in Hong Kong** Best Global Private Bank in Singapore* ABN AMRO Private Banking is inspired and grateful to be voted by
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    • 71 25 The leading Swiss private banking group. Since 1890. www.juliusbaer.asia My name: Edwin My occupation: Plantation owner My dream: Serve health to the world in a cup of tea My private bank: Julius Baer, becausetheycultivate relationships based ontrust Julius Baer is present in over 40 locations worldwide. From Hong Kong, Shanghai,
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