The Business Times, 22 November 2014

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Microfilm: NL33296
Total Pages: 43
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g NOVEMBER 22-23, 2014 S$1.00| S$1.00| MCI (P) 052/08/2014 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon Human capital development still top priority for Singapore
    978 1  -  Govt cites SkillsFuture Council, among other points, in response to latest IMD talent report By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore IMD’s latest World Talent Report is another sharp reminder that Singapore needs to do more to develop its local talent pool, even
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  • Article
    Lock icon Market players welcome LTA regulation of third-party taxi apps
    929 1  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE’S Land Transport Authority (LTA) on Friday introduced a basic regulatory framework for third-party taxi-booking apps, in the latest move by a government to regulate such services that observers said have disrupted the taxi industry
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      35 1 the the raffles MARK MOTORING Mercedes-AMG GT coupe L15 WEALTH The end is nigh? Just turn down the noise 28-29 the raffles conversation MARK WEINBERGER, EY GLOBAL CHAIRMAN AND CEO 8-9 LIVING Urban farmers L2-5
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,345.32 (+29.72) GSTI FUTURES 3,345.00 (+29.00) GSIMSCI 376.48 (+3.30) GSIMSCI FUTURES 376.30 (+3.10) STOCKS Friday Change KL COMP 1,809.13 -13.16 NIKKEI 225 17,357.51 +56.65 HANG SENG 23,437.12 +87.48 SET 1,579.20 +10.52 JAKARTA 5,112.04 +18.48 MANILA 7,276.18 +7.23 KOSPI 1,964.84 +6.80 SHENZHEN B 967.36 +5.58 MUMBAI IND 28,334.63 +267.07
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.677 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.297 (US$/S$ per 1.568 2.034 EURO (US$/S$/€ 1.254 1.627 Foreign currency per US$ S$ YEN 117.60 90.70 RM 3.351 2.584 HK$ 7.756 5.979 BAHT 32.75 25.25 RUPIAH 12,14 9,359 RENMINBI 6.124 4.721 INDIAN RUPEE 61.84 47.67 A$ 1.159 0.893 NZ$ 1.269 0.978
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    • Article, Illustration
      Lock icon Abe dissolves Parliament and defends his decisions
      735 2  -  Opposition DPJ vows strong polls showing, says it will be a check and balance on LDP By Anthony Rowley btworld@sph.com.sg Tokyo PRIME Minister Shinzo Abe formally dissolved the lower house of Japan’s Parliament on Friday, ahead of next month’s snap election to which
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    • Article
      Lock icon China cuts benchmark interest rates, first since July 2012
      548 4 Deposit rate down 0.25 point at 2.75%; lending rate reduced by 0.4 point to 5.6% tered estimates. Bloomberg, Reuters Beijing CHINA cut benchmark interest rates for the first time since July 2012 as leaders step up support for the world’s second-largest
      tered estimates. Bloomberg, Reuters  -  548 words
    • Article, Illustration
      Lock icon KL scraps decades-old fuel subsidy policy
      414 4 Bloomberg Kuala Lumpur MALAYSIA will abolish subsidies for petrol and diesel starting next month as falling oil prices provide Prime Minister Najib Razak the opportunity to end a dec-ades-old policy of cheap fuel. The cost of the widely used RON 95 grade of petrol
      Bloomberg  -  414 words
    • Article
      Lock icon Over US$2b of 1MDB’s Cayman funds managed by Aussie firm
      681 6  -  Avestra shares several executives with Bridge Global, whose fund 1MDB has invested in By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AUSTRALIAN firm Avestra Asset Management has been managing over US$2 billion of 1Malaysia Development Bhd’s monies invested in several Cayman Islands
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    • Article, Illustration
      Lock icon EDBI invests in e-signature firm DocuSign
      445 6  -  S’pore will leverage DocuSign’s know-how to boost growth in its cloud, online services By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE investment arm of the Singapore Economic Development Board, EDBI, has joined two other parties in investing in the series E round of funding
      THE STRAITS TIMES FILE PHOTO  -  445 words
    • Article, Illustration
      Lock icon Tech-savvy customers find their FairPrice online
      909 7  -  With its portal mobile-optimised now, shopping for groceries on-the-go has become much easier By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE next time you see a long queue and crowded aisles at your favourite NTUC FairPrice outlet, consider going online to FairPrice’s Web portal.
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      80 2 CONTENTS LIVING Cover Story L2-5 Dining L6-10 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 18 Energy Commodities 19 Technology 20 Consumer 21 Transport 22 Govt Economy 23-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Style L11-12 Health L13 Motoring L14-15 Sports L16
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      47 3 Credit Suisse 7v;>VT>;T>r'7 s nT:Tr>r '>TWv' *****77* >v~ ;> 1 vv vv Is your Private Banker on speaking terms with your Investment Banker? Discover how you can benefit from having Private Banking and Investment Banking integrated under one roof at credit-suisse.com/onebank m > j mi* 3^ Mj i i >
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      116 5 Cruise into the festive season with unbelievable offers across the Audi A5 and A7 range starting from just $208,888*. S27 As Coupe As mm Cabriolet A7 Sportback Audi Centre I 281 Alexandra Road Call 6838 2223 Visit audi.com.sg Singapore Open from 9am 8pm (Mon Sat) and 10am 7pm (Sun) Audi
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      16 7 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices
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      Lock icon Page 7 Advertisements Column 2
      213 7 THE SOUND VISION SPECIALIST The Headphone Bar Parrot Audeze Cypher Labs Parrot AKG FiiO RHA Shure KEF JAYS Audinst B&O Burson Westone Grade HiFiMAN Klipsch Sennheiser Heir Audio WOO Audio Fischer Audio Ultimate Ears Harman Kardon Zikmu Now:S2,199 Zikmu UP:$2,688 Parrot Wireless Series Selection of over 200 models available I-"-,
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  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Taking on America’s tax burdenMark
      2409 8 / 9  -  burdenMark Weinberger, EY global chairman and CEO, talks about the thorny issue of taxes. By Jamie Lee leejamie@sph.com.sg @JamieLeeBT BURIED within the United States’ Internal Revenue Service website is a list of wisecracks about taxes call it self-deprecation in the digital age. But sift through
      PHOTO: ARTHUR LEE  -  2,409 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon iFast Corp plans 32.8m share IPO
      294 10  -  Only 2.8m shares set aside for the public; proceeds to go into expansion and working capital By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore REGIONAL financial services firm iFAST Corporation is taking another stab at an initial public offering. According to the preliminary prospectus lodged on
      294 words
    • Article
      Lock icon Golden Ocean Group posts Q3 loss of S$11.4m
      267 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore GOLDEN Ocean Group Limited posted a net loss of S$11.4 million for the third quarter ended September, compared with a net profit of S$15.4 million a year ago. Its total operating revenue for the third quarter
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    • Article
      Lock icon Sino Construction morphing from building to resource player
      298 10  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore MAINBOARD-listed Sino Construction announced on Friday that operations at its Mongolian mine Baruun Noyon Uul (BNU) will recommence, following what it described as the “successful completion” of its first trial batches of coal. BNU is
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    • Article, Illustration
      Lock icon Genting’s Q3 net profit down by almost 24%
      222 10 Reuters Kuala Lumpur MALAYSIAN conglomerate Genting posted a 23.6 per cent drop in third-quarter profit on Friday, dragged lower by the impact of falling revenue from big money gamblers on its Singapore unit, South-east Asia’s largest casino operator. Group net profit for
      Reuters; PHOTO: REUTERS  -  222 words
    • Business briefing
    • Article
      Lock icon SGX to launch 5 petrochemical derivatives
      514 11  -  Goal is to provide market players with a better hedge By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore TO provide for more effective risk management solutions, Singapore Exchange (SGX) will launch five petrochemical derivatives before the end of January 2015, it said on Friday. “These
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    • Article
      Lock icon Keppel unit buys data centre in the Netherlands
      258 11  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A KEPPEL-related joint venture has bought a data centre in Almere in the Netherlands. The new acquisition “will add more than 5,000 square metres of data centre space to meet growing demand for high-quality data centres
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    • Article
      Lock icon STI STOCKS
      307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 226 unch 227/225 250 206 6.3 5710.4 CapitaLand 327 +4 328/324 348 268 16.4 2.4 *****.5 CapitaMall Trust 197 +0.5 198/195.5 209 180 5.2 6832.5 CityDev 997 +14 998/983 1118 860 13.5
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    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MS SING US$ US131 430 -/-140.1/119.3 131.6/131.9 6.6 IS MS India US$ US778 +13 283 778/772 779/541 775/778 97.3 STI ETF 337 +2 89 338/337 343/298 337/338 Nikko AM STI ETF 344 +4 52 344/342
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    • Article
      Lock icon SIBOR
      31 12 Nov 21 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      814 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 17 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) AsiaMedic 20-Nov-14 Wong Weng Hong Buy 25 0.08 17 0.01 42 0.02 G.K. Goh Hldgs 20-Nov-14 GKG
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 5 1 0 0 0 10 5 1 Manufacturing 57 31 37 10 4 10 67 35 47 Commerce 19 20 16 7 2 6 26 22 22 Tpt/Stor/Comms 24 6 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,917 22,917 81,750 81,750 Manufacturing 167,970 19,777 187,747 112,667 2,783 115,450 Commerce 71,043 19,377 90,420 77,808 1,927 79,735 Tpt/Stor/Comms 93,598 1,766 95,364 173,020 645 173,665 Finance 20,886 111 20,997 203,778 24 203,803 Construction 19,344 11,271
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Nov 21 VALUE CLOSE BT OB/OS -195.00 +157.00 BT CADI -*****.00 +108.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 751.39 +4.75 FTSE ST Small Cap 518.58 +4.29 FTSE ST All Share 804.56 +6.78 FTSE ST China Top 192.02 +1.33 FTSE ST China 225.72 +0.75 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 12 VOL CLOSE($) CHANGE Advance SCT 50,020.0 0.001 -0.001 -50.00 Enviro-Hub 430.0 0.080 +0.037 +86.05 BlueSkyPower 1,615.0 0.095 +0.005 +5.56 TPV Tech 69.0 0.300 +0.040 +15.39 Wilton Resources 1,432.0 0.109 -0.005 -4.39 Swiber 7,157.0 0.345 +0.035 +11.29 ASL Marine 435.0 0.490 -0.045 -8.41 Linc Energy 3,889.0 1.140 +0.125 +12.32
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    • Article
      Lock icon COMMODITY FUTURES
      212 13 Nov-20 Price Net change change Last Trade Agricultural Nov-20 CBOT Soybeans (US cents/bu) 1020.50 15.75 1.57% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.67 0.16 0.49% 12/12/2014 CBOT Wheat (US cents/bu) 547.25 9.50 1.77% 12/12/2014 Nov-20 LIFFE Cocoa (£/tonne) 1895.00 -1.00 -0.05% 12/12/2014 LIFFE Coffee (US$/tonne) 2075.00 -13.00 -0.62%
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    • Article
      Lock icon PALM OIL
      57 13 Nov 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2230.0 2215.0 2231.0 2208.0 318 4669 Dec 14 2223.0 2226.0 2242.0 2218.0 5063 ***** Jan 15 2229.0 2235.0 2249.0 2223.0 ***** ***** Feb 15 2239.0 2244.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Nov 21 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.67 105.71 105.71 5-Year N*****0H 1.625 01-Oct-19 100.6 100.75 100.68 10-Year NY*****H 3.000 01-Sep-24 105.92 15-Year NY*****E 2.875 01-Jul-29 102.3 102.35 102.35 20-Year NZ*****V 3.375 01-Sep-33 107.8 107.95 107.95
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Nov 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1191 1.1198 0.8630 0.8631 Canadian dollar 1.1463 1.1475 0.8845 0.8839 Euro 1.6267 1.6276 1.2544 1.2545 NZ dollar 1.0215 1.0226 0.7877 0.7882 Sterling pound 2.0339 2.0350 1.5684 1.5685
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      211 13 Most active Nov 21 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****2 12.9 0.7 5350 0.1 0 7 KepCorp MB eCW*****1 6.1 unch 3400 0.2 1000 5 Rowsley Ltd W*****3 4.3 unch 2735 1 18 23
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Nov 20 Index Change Change Change Change Change Change World Preliminary 1273.6 0.0 7.5 -0.5 6.9 0.0 3.9 EAFE Preliminary 983.3 -0.3 2.8 -0.8 -2.4 -0.3 -5.2 Europe Preliminary 1376.8 -0.3 1.6
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    • Article, Illustration
      Lock icon Play on banks overshadows Shanghai-HK connect, news of Japan recession
      633 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent TO an observer who doesn’t look beyond the Straits Times Index when gauging the health of the market, the conclusion would be that this has been a strong week for stocks, especially given
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    • Article
      Lock icon GAINERS
      72 14 BY CENTS CLOSE UP 52w high/low JMH USD 6218 124.5 1.6 6460/4934 JSH USD 3566 53.2 1.2 3810/3006 GLD US$ ***** 50.6 0.3 *****/***** DBS Grp 1988 32.0 1.6 1990/1565 UOB 2370 32.0 1.4 2424/1940 BY PERCENTAGE CLOSE UP 52w high/low Enviro-Hub 8 86.0 3.7 8/2.4 DBS MB eCW*****2
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    • Article
      Lock icon LOSERS
      83 14 BY CENTS CLOSE DOWN 52w high/low DBXT S&P Short US$ 2256 -18.2 -0.6 2752/2255 IS LC 1-3Y US$ 957 -11.7 -0.9 1014/944 DBS Bk 4.7% NCPS ***** -10.0 -0.1 *****/***** Lyxor Asia US$ 500 -9.1 -1.4 543/450 DBXT MSTaiwa US$ 2186 -6.5 -0.2 2322/1853 BY PERCENTAGE CLOSE DOWN 52w
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    • Article
      Lock icon MOST ACTIVE
      37 14 VOLUME Golden Agri-Res 86,263,000 OLS Enterprise 61,080,000 IHC 50,285,000 Advance SCT 50,020,000 Genting Sing 33,043,000 Market volume 1,344,871,000 VALUE SingTel 93,539,280 UOB 76,855,310 DBS Grp 72,179,070 Keppel Corp 48,657,605 OCBC Bank 40,585,800 Market value 1,101,044,000
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    • Article
      Lock icon Indonesia firm sells first SGD bond with S$180m issue
      584 14  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore PROTELINDO Finance has sold its first international bond in Singapore guaranteed by the Asian Development Bank’s Credit Guarantee and Investment Facility (CGIF). The Indonesian telco infrastructure company S$180 million of 10-year 3.25 per cent
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      15 11 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      Lock icon Page 11 Advertisements Column 2
      212 11 BEACH RESORJ S KUANTAN FAMILY PACKAGE FROM SGD i—f u m A s I^ PER ROOM PER NIGHT Minimum 2 nights stay Buffet breakfast for 2 adults and 2 children (below 12 years old) Food and Beverage credit worth RMlOOnett Children (under 12 years old) eat free when Parents Patronise
      212 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Blackstone to buy GE Japan’s residential property arm
      609 15 Business owns and operates over 200 properties, mainly in Tokyo, Osaka, Nagoya, Fukuoka Bloomberg Seattle BLACKSTONE Group LP agreed to buy GE Japan Corp’s residential property business for more than 190 billion yen (S$2.1 billion) to expand its apartment holdings in Japan.
      Bloomberg; PHOTO: BLOOMBERG  -  609 words
    • Article
      Lock icon Married children to get better chance of getting HDB flat near parents
      434 15  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MARRIED children who want to live near their parents will now have greater assurance of success when they apply for flats, the Housing and Development Board (HDB) announced on Friday. Up to
      434 words
    • Article
      Lock icon Chinese insurer buys Sydney’s Hyde Park Sheraton for A$463m
      204 15 Bloomberg Sydney STARWOOD Hotels Resorts Worldwide has sold its Sheraton hotel in Sydney to China’s Sunshine Insurance Group for A$463 million (S$523 million). Starwood will continue to manage the five-star hotel, overlooking Sydney’s Hyde Park, under its current brand, the Stamford,
      Bloomberg  -  204 words
    • Article
      Lock icon Househunt
      1079 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 8 AND OCT 14, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Bayville Cdo Apt 14/10/2014 FH 1195 1100 921 Carabelle Apt 10/10/2014 956 1302 1380
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      58 17 Cook an egg? so c I 55 1 0 5 i i i i i 1 What can you do in 3 minutes? LL Become enlightened! 0>£0 Scan the QR code now to view TCJPQ? the latest videos on zaobao.sg 0E3W4 O •V 7 Ca *ch2B Keywords, a daily 3-minute
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  • BANKING & FINANCE
    • Article
      Lock icon Britain drops bid to overturn EU cap on bankers’ bonuses
      630 18 This comes after London’s arguments were rebuffed by senior official at EU’s top court Bloomberg Luxembourg BRITAIN has abandoned a bid to overturn a European Union ban on banker bonuses of more than twice fixed pay after it suffered a
      Bloomberg  -  630 words
    • Article, Illustration
      Lock icon Credit Suisse’s US$2.6b tax evasion plea deal faces last hurdle
      522 18 Bloomberg New York CREDIT Suisse AG’s US$2.6 billion plea bargain resolving allegations it helped wealthy Americans avoid paying taxes faces a final hurdle from a federal judge who will decide whether to accept it or throw it out. The first
      Bloomberg; PHOTO: REUTERS  -  522 words
    • Article
      Lock icon Goldman fires two bankers over secret Fed documents
      346 18 Bloomberg New York GOLDMAN Sachs Group Inc dismissed two bankers after one of them allegedly brought secret documents from the Federal Reserve Bank of New York into the firm. A junior banker, who had joined the company in July from the New
      Bloomberg  -  346 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon China’s hopes for shale boom may be fading
      621 19 It cuts output target for end of decade to a third of earlier estimate Bloomberg Beijing CHINA’S shale boom may be fizzling out before it even gets going. The nation has cut its output target for the end of the decade to
      Bloomberg; PHOTO: BLOOMBERG  -  621 words
    • Article
      Lock icon Analysts evenly split on Opec decision
      493 19 Bloomberg London TO understand just how contentious next week’s Opec meeting will be, take a look at the confusion it’s created among professionals paid to predict the outcome. The 20 analysts surveyed this week by Bloomberg are perfectly divided, with half forecasting the Organization
      Bloomberg  -  493 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Jeff Bezos makes his mark on Washington Post with new app
      561 20 It will deliver newspaper to some Amazon Kindle tablet owners free NYT Washington IN recent months, The Washington Post has been worried about reducing “cognitive overhead”. The phrase, borrowed from its new owner, billionaire Amazon founder Jeff Bezos, refers
      NYT; PHOTO: BLOOMBERG  -  561 words
    • Article
      Lock icon YouTube goes online for second Music Awards
      237 20 AFP New York THE YouTube Music Awards are undergoing an overhaul for their second edition next year, scrapping a star-studded gala and instead looking at videos’ online buzz. The blockbuster video-shar-ing site in November 2013 debuted the YouTube Music Awards, with a livestreamed
      AFP  -  237 words
    • Article
      Lock icon Alibaba sells US$8b of bonds at reduced yields
      474 20 Bloomberg New York ALIBABA Group Holding Ltd has raised US$8 billion in its first sale of bonds at yields that were lower than originally offered after investors submitted orders of at least US$57 billion to the e-com-merce company. “The premium we see
      Bloomberg  -  474 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Watches: the bigger, the bolder, the better
      896 21 Over the last few years there has been an explosion in the size of watches, says analyst NYT Amsterdam JORDY Cobelens was a 22-year-old Dutch disc jockey, working in Amsterdam electro clubs in 2005, when he noticed that a lot of the club
      NYT  -  896 words
    • Article
      Lock icon Interim Sanofi head gives assurance on leadership
      356 21 Firms tries to dispel investor doubts over leadership change AFP Cambridge, United States THE temporary head of French drugmaker Sanofi has sought to reaffirm the company’s viability, confirming that there was still a “pilot in charge” despite a sudden change in leadership. Sanofi,
      AFP  -  356 words
    • Article
      Lock icon JBS to pay A$1.45b to buy Primo Group
      255 21 Bloomberg Sydney JBS SA, the world’s biggest meat producer, said it would pay A$1.45 billion (S$1.6 billion) to buy Primo Group, the largest producer of ham and bacon in Australia and New Zealand. JBS plans to use the takeover to increase exports
      Bloomberg  -  255 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Airbus wins order for 50 planes from Delta
      685 22 European manufacturer beat Boeing in part because it can deliver planes sooner NYT New York AIRBUS scored a big victory over Boeing on Thursday when Delta Air Lines said it would buy 50 new planes from Airbus, including its newest long-range A350
      NYT; PHOTO: BLOOMBERG  -  685 words
    • Article
      Lock icon Greek port unit of Cosco Pacific lands 4th cargo-train MNC customer
      392 22 Bloomberg Athens THE Greek unit of China-based Cosco Pacific Ltd has expanded cargo-train shipping to include a fourth multinational company, bolstering Piraeus port’s goal of becoming a main trade gateway into Europe. Piraeus Container Terminal SA (PCT) at mid-year
      Bloomberg  -  392 words
    • Article
      Lock icon Honda admits it failed to comply fully with US law
      283 22 Bloomberg Tokyo HONDA Motor Co said that it failed to fully comply with a law to inform regulators about deaths and injuries relating to defective Takata Corp air bags that are at the centre of a global vehi-cle-safety crisis. “As
      Bloomberg  -  283 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Draghi widens QE as recovery wanes
      762 23 He says stronger recovery unlikely in coming months; very low inflation must be raised Reuters Frankfurt EUROPEAN Central Bank (ECB) president Mario Draghi threw the door wide open on Friday for more dramatic action to rescue the eurozone economy, saying “excessively low” inflation had
      Reuters  -  762 words
    • Article, Illustration
      Lock icon Thailand, Indonesia, M’sia plan rubber exchange
      304 23 Reuters Kuala Lumpur TOP Asian rubber producers Thailand, Indonesia and Malaysia are planning a regional exchange that will allow physical trading of the commodity, an official with the Malaysian ministry said on Friday. The exchange, targeted to be up within 18 months, is expected
      Reuters; PHOTO: AFP  -  304 words
    • Article
      Lock icon Indonesia to review tax treaties
      326 23 Reuters Jakarta INDONESIA will review its tax treaties with dozens of countries and may suspend those that it concludes are being abused for tax avoidance, as the government looks to significantly boost revenue, the finance minister said on Friday. President Joko Widodo, who took office
      Reuters  -  326 words
    • Article
      Lock icon China commits US$45.6b for projects in Pakistan
      581 24 Deal, dubbed China-Pak Economic Corridor, is expected to solve crippling power shortages Reuters Islamabad THE Chinese government and banks will finance Chinese companies to build US$45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new
      Reuters  -  581 words
    • Article
      Lock icon Thai government to boost growth through infrastructure spending
      363 24 Bloomberg Bangkok THAILAND’S military-run government will accelerate spending on mass transit, railways and roads to counter falling exports and boost economic growth, the deputy transport minister says. The ministry will speed up bidding for the construction of mass transit systems in the
      Bloomberg  -  363 words
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      Lock icon Modi nearly out of time to meet deficit goals
      490 24 Reuters New Delhi INDIA’S Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014/15
      Reuters; PHOTO: REUTERS  -  490 words
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      Lock icon A tale of 5 million immigrants
      633 25 Obama pledges ‘more fair and more just’ immigration system AFP Washington PLEDGING to fix America’s “broken” immigration system, President Barack Obama has offered five million undocumented migrants protection from deportation on Thursday, allowing families to emerge from the shadows and seek work permits. In
      AFP; PHOTO: REUTERS  -  633 words
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      Lock icon Swiss vote to abolish tax breaks for rich losing impetus
      594 25 Bloomberg Geneva THE rain lashing Geneva’s chic Rue du Rhone couldn’t drown out calls by Swiss campaigners for the abolition of a 152-year-old tax break for rich foreigners. Members of the Socialist Party have lampooned a system that allows foreigners
      Bloomberg  -  594 words
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  • OPINION
    • Article, Illustration
      Lock icon Removing the corrupt culture in banking
      1242 26  -  Bankers will lie at the toss of a coin but only when at work, finds a new study. Lenders would do well to address this fundamental issue. By Andre Spicer By Andre Spicer ~The writer is professor of organisational behaviour at City University London’s
      The Conversation; PHOTO: REUTERS  -  1,242 words
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      Lock icon Immigration: Doing the right thing
      877 27  -  Paul Krugman NYT THE Tenement Museum, on the Lower East Side of Manhattan, is one of my favourite places in New York City. It’s a Civil War-vintage building that housed successive waves of immigrants, and a number of apartments have been restored to look exactly
      NYT; PHOTO: AFP  -  877 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon The end is nigh? Just turn down the noise
        2024 28 / 29  -  Doomsday prophecies bewitch and bewilder us simply because ‘Bad News Sells’ Shane Oliver AMP Capital The writer is head of investment strategy and Chief Economist at AMP Capital ABOUT two months ago I had all my wisdom teeth out well rather
        Source: ASX, AMP Capital  -  2,024 words
      • BROKER’S TAKE
        • Article
          Lock icon Mapletree Industrial Trust
          133 28 / 29 Hold OCBC Investment Research Nov 21 Nov 21 close: S$1.47 Fair value: S$1.43 LOOKING ahead, although we project MIT’s distributable income to increase at a CAGR (compound annual growth rate) of 4.4 per cent from FY14-FY17 forecast, we expect flat DPU (distribution per unit) growth in FY16
          133 words
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          Lock icon Ying Li International Real Estate
          347 28 / 29 Not rated CIMB Research Nov 20 Nov 21 close: S$0.255 Target price: N/A GIVEN its key investment locations in the core CBD (central business district) area of Chongqing, Ying Li is likely to be a prime beneficiary of Chongqing’s endeavours to become the financial centre
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        • Article
          Lock icon First Resources
          258 28 / 29  -  Compiled by Chan Yi Wen Buy UOB Kay Hian Research Nov 21 Nov 21 close: S$1.96 Target price: S$2.80 WE saw a mixed set of Q3 FY14 results in which Wilmar and First Resources outperformed peers. First Resources’ results were supported by strong production growth from yield recovery
          258 words
      • Article, Illustration
        Lock icon The ‘folklore’ of finance
        1478 30  -  Some mistaken beliefs contribute to investors’ failure. By Paul Sullivan By Paul Sullivan NYT New York WHEN most people think of folklore, they think of ancient stories passed down through the ages. The tales may be instructive, amusing or both, but few take them as entirely
        NYT; PHOTO: AFP  -  1,478 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Toll rises to 10 in killer US snowstorm
      565 31 It has paralysed communities for days in the northeast AFP New York THE death toll from a rare pre-winter snowstorm rose to 10 in the northeastern United States on Thursday, paralysing communities for days and dumping more than six feet of snow
      AFP; PHOTO: REUTERS  -  565 words
    • Article, Illustration
      Lock icon Barbie under siege from book gaffe and rival doll
      416 31 Bloomberg New York MATTEL Inc’s Barbie is facing a double dose of flak this week after a book featuring her was branded as sexist and a new rival doll with more realistic looks including acne and stretch marks ramped up its
      Bloomberg; PHOTO: MATTEL  -  416 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      306 31 CRYPTIC CROSSWORD Across 1 Not even Irishman goes to church before start of Yule (6) 4 Result of lifts getting heated (6) 8 Deluge with literature, receiving dazzling illumination (8) 10 Lay in wait and enticed king to get drawn in (6) 11 Stare, seeing women in space (4) 12
      306 words
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      44 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK OFFSHORE DIAMOND SET IN PINK GOLD. SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AL ROY THE SHOPPES AT MARINA BAY SANDS CANAL LEVEL B2-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
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      68 1 LivingBTTHE BUSINESS TIMES WEEKEND NOVEMBER 22-23, 2014 URBAN FARMERS Growing your own greens is becoming the hobby and food trend of choice among city dwellers L2-5 STYLE Fresh face of retail L11-12 DINING One stop foodie haven L6-8 NO HOLDS BARRED Roar for our Lions in their den L16 PHOTO:
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  • BT Living
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      Lock icon Urban farmers
      2759 2 / 3  -  Growing your own greens is fast becoming the hobby and food trend of choice for many city dwellers. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT VEGETABLE farms in Singapore? Lim Chu Kang isn’t the only area in the country where edible greens are grown. From
      PHOTOS: YEN MENG JIIN  -  2,759 words
    • DINING
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        Lock icon One-stop foodie haven
        2987 6 / 7  -  A new online emporium devotes itself to discovering indie food and kitchenware to help elevate domesticity to an art. By May Yip By Lisa Fratini lfratini@sph.com.sg YOU might not need a concrete paperweight in the shape of png kueh, or a US$200 chopping board engraved with a
        2,987 words
      • Article, Illustration
        Lock icon Raising the bar
        2131 9  -  Cocktail movers and shakers share their latest drinking concepts and how they are setting themselves apart from the rest. By Tiong Li Cheng By Tiong Li Cheng THE local cocktail bar scene has come a long way since its days of sugary vod-ka-based-tinis. Almost every bar now
        PHOTOS: 83 CLUB STREET; PHOTOS: D.BESPOKE; PHOTO: ELIXIR BAR; PHOTO: YEN MENG JIIN  -  2,131 words
    • STYLE
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        Lock icon Fresh face of retail
        1022 11  -  Department stores are unveiling revamped spaces and brand new outlets just in time for the Christmas shopping season. By May Yip By May Yip AN old-school barber catering to contemporary gentlemen, monogramming services and bespoke furniture. No, these aren’t the highlights of an intimidatingly upscale store
        1,022 words
    • HEALTH
      • Article, Illustration
        Lock icon Survey prompts rethink on heavy drinkers
        637 13 US government study finds most people who “drink to get drunk” are not alcoholics, and strategies to change their behaviour could curb excessive drinking. NYT MOST people who drink to get drunk are not alcoholics, a new government report concludes, suggesting that more can
        NYT; PHOTO: REUTERS  -  637 words
    • MOTORING
      • Article, Illustration
        Lock icon Audi scores with sports models
        382 14  -  modelsAsia is a growing market for the German luxury marque. By Samuel Ee By Samuel Ee samuelee@sph.com. sg LUCA de Meo, the Audi board of management member for sales and marketing, dropped by the Audi Centre on Friday the first time he is visiting Singapore
        382 words
      • Article, Illustration
        Lock icon Karting fun for BMW owners
        291 14  -  By Samuel Ee samuelee@sph.com.sg IT is often said that the customer is king, but at Performance Motors, it seems the customer is also king of the road. The authorised distributor of BMW regularly conducts so-called customer engagement activities, which are not sedate gatherings with tea
        291 words
      • Article, Illustration
        Lock icon DESIGN COUP
        474 15  -  The Mercedes-AMG GT coupe heralds a new design language for the brand with the three-pointed star. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THERE are no gull-wing doors but then, Mercedes-Benz says the new AMG GT isn’t meant to be a replacement for the SLS. The SLS is
        474 words
    • SPORTS
      • Article, Illustration
        Lock icon Roar for our Lions in their den
        902 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent THE brand-new National Stadium in Kallang has hosted two high-profile football matches Juventus beat a Singapore Selection 5-0 in August, while Brazil trounced Japan 4-0 in a friendly since its reopening a few months ago.
        PHOTOS: GAVIN FOO/ THE NEW PAPER, AFP  -  902 words
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      49 8 Exclusive Business Times and Batch giveaway Stand to win a handcrafted stoneware sake bottle and cup set from local ceramist Zestro Leow (worth $60) simply by liking and sharing Batch's Facebook page. For more details on how to take part in this online giveaway contest, log on to www.facebook.com/batchsg
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      900 12 wine&dine with BTWeekend Café Mocha Marina Mandarin Singapore 6 Raffles Boulevard Z 6845 1066 Thanksgiving Specials Takeaways Give thanks in style with a spread of roast specialties and baked goodies specially prepared by our award-winning Chefs for your Thanksgiving celebrations. Café Mocha is decked out in festive splendour to bring
      900 words
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      84 13 ir Preserving Health and Longevity HEART, STROKE CANCER CENTRE Worried about CV > Hi Atfnrk? m CT Coronary Angiogram at $399 call (+65) 6881 8811 for YOUR APPOINTMENT TODAY The abovementioned price is not inclusive of CT IV contrast. Kindly present this during your visit. HEART, STROKE CANCER CENTRE 290
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