The Business Times, 3 December 2014

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Microfilm: NL33312
Total Pages: 44
1 14 The Business Times
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  • Title Section
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    28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Decem 3
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  • Article
    Lock icon MARKETS
    26 1 Tuesday Change STI 3,322.32 (+16.68) KL COMP 1,785.97 (+7.70) NIKKEI 225 17,663.22 (+73.12) HANG SENG 23,654.30 (+286.85) SHENZHEN B 992.92 (+7.26) DOW(11am EST) 17,838.67 (+61.87)
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  • Article, Illustration
    Lock icon DAILY DIGEST
    174 1 The better-than-expected expansion in Singapore’s Purchasing Managers’ Index (PMI) in November may prove to be deceptive. TOP STORIES 2 Analysts have observed that international portfolio investors are appearing hesitant about Malaysia. TOP STORIES 4 Singapore sovereign wealth fund GIC has confirmed news that its affiliates will buy US
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  • Article
    Lock icon SGX glitch stemmed from data centre at Keppel Digihub: sources
    567 1  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE Exchange’s (SGX) massive system failure last month that paralysed trading on the local bourse for over three hours stemmed from a glitch at the exchange’s data centre housed in Keppel Digihub. The Business
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  • Article, Illustration
    Lock icon Singapore safe from deflation danger, for now
    788 1  -  November’s CPI may see first negative inflation reading in 5 years By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore DEFLATION has emerged as a new global concern, as oil prices plunge and growth slows. In Singapore, however, the alarm bells aren’t ringing yet. Singapore
    Source: Monetary Authority of Singapore; Source: Department of Statistics, Singapore  -  788 words
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      175 1 *****4 TOP PRICE Spanish tycoon pays S$4,100-plus psf for pair of Seven Palms Sentosa Cove units top stories 4 BEARING FRUIT SPH’s digital push gains traction COMPANIES MARKETS 6 ASSET CLASS Investing in the genius of art EXECUTIVE MONEY 30 GROWING AND TRANSFORMING EY Entrepreneur of the year 2014 SPECIAL
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  • TOP STORIES
    • Article, Illustration
      Lock icon S’pore’s November PMI bullish, but not convincing
      630 2  - S ’pore’s November PMI bullish, but not convincing Headline PMI at 51.8 trumps disappointing regional readings but electronics index hits six-month low By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE better-than-expected expansion in Singapore’s Purchasing Managers’ Index (PMI) in November may prove to be deceptive. While the Republic’s latest 51.8 showing
      Source: SIPMM  -  630 words
    • Article
      Lock icon Citi: GE may be held next year due to good economic window
      351 2  -  While both headline and core inflation rates have eased recently, public perception has not shifted accordingly By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore SINGAPORE’S lower-than-usual inflation rate could be one more reason for the ruling party to hold
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    • Article
      Lock icon Moody’s downgrade tripping up Abe
      472 2  -  By Anthony Rowley btworld@sph.com.sg Tokyo RATING agency Moody’s decision on Monday to downgrade its credit rating on Japanese sovereign bonds over concerns about the country’s ability to regain fiscal health comes at a bad time for Prime Minister Shinzo Abe, who is defending Abenomics ahead
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    • Article
      Lock icon Investors hesitant about Malaysia, say analysts
      587 4  -  The country’s fiscal deficit, high household debt and shrinking ringgit are troubling issues By Pauline Ng btworld@sph.com.sg Kuala Lumpur ANALYSTS have observed that international portfolio investors are appearing hesitant about Malaysia, whether it is because of its high rate of household debt, or the
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    • Article
      Lock icon S’pore confident of long-term prospects for oil & gas industry: Iswaran
      315 4  - S’pore confident of long-term prospects for oil gas industry: Iswaran By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore SHORT-TERM oil price volatility may not hamper the oil-and-gas industry for too long as the Singapore government continues to invest in the sector here. Second Minister for Trade and Industry S Iswaran on Tuesday
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    • Article, Illustration
      Lock icon Spanish tycoon pays S$4,100-plus psf for pair of Seven Palms Sentosa Cove units
      432 4  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE overall Sentosa Cove condo market may be languishing, but SC Global Developments is understood to have sold two units at its Seven Palms Sentosa Cove at what could be a
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    • Article
      Lock icon OW Bunker creditors in Denmark may not have dibs on S’pore units’ receivables
      548 4  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore CREDITORS of the beleaguered Danish marine fuel supplier OW Bunker in Denmark may not automatically have the right to claim from the group’s failed Singapore subsidiaries. KPMG, the provisional liquidators of
      548 words
    • Article
      Lock icon Oil prices ‘bound to rise to help oil producers manage reserves’
      493 4  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore CURRENT oil prices are unsustainable for many key oil-producing countries for the long term and therefore they are bound to rise to help these economies manage their reserves. John Westwood, group chairman of
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    • Article
      Lock icon GIC beefs up real-estate portfolio with US$8.1b purchase of IndCor
      758 5  -  IndCor has largest portfolio of warehouses and distribution centres in US, operating in 23 states By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore SINGAPORE sovereign wealth fund GIC has confirmed news that its affiliates will buy US industrial property company IndCor Properties
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    • Article, Illustration
      Lock icon Advanced Group MD crowned EY Entrepreneur Of The Year 2014 Singapore
      477 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore ADVANCED Group of Companies managing director Kar Wong was named EY Entrepreneur Of The Year (EOY) 2014 Singapore, while other local entrepreneurs were also celebrated at the 13 th EY EOY awards on
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      90 2 Asia 1st Tool Retrofit Centre in Singapore Bring your tools to our Kaki Bukit Centre or visit us at OSEA 2-5 Dec Stand 1R3-06 CERTIFIED SAFETY FOR TOOLS AT HEIGHT Durasafe Store 61 Kaki Bukit Ave 1 #02-08 5(*****3} Westech Building 237 Pandan Loop #01-06 5(*****4] O Qr O -5
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      443 2 www.pwc.com/sg The Science of Compliance A practical workshop on Employee Remuneration Reporting (Forms 8E and IR21) r* m pwc All employers in Singapore have a mandatory requirement to prepare yearend reporting for their employees by 1 March 2015. The importance of accurate and timely employee compensation reporting is becoming increasingly
      443 words
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      28 3 SINCERE FINE WATCHES Takashimaya S.C. Ngee Ann City +65 6733 0618 Scotts Square +65 6636 0600 SINCERE HAUTE HORLOGERIE The Shopping Gallery at the Hilton +65 6738 9971
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      15 4 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      41 4 ART THE NEW LUXURY BTLuxe Christmas 2014. In print and on your iPad. Download it free at the App Store from Dec 5 Luxe Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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      56 5 Here for innovators You are driven. Creating runway successes. Seizing opportunities. One boutique becomes two. Two a global empire. With the bank you can depend on. That’s good for your international aspirations. Here for good v3 i x ‘>v >v j dM.. Jw i 7 TU K sc.com/hereforgood I ft
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SPH’s digital push gains traction
      690 6  -  Total newspaper circulation for print and digital editions rose 1.7% in FY2014 By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE Press Holdings’ efforts to build up its digital media via new online and mobile offerings to tackle the “traumatic transition” facing the core traditional media business
      ST FILE PHOTO  -  690 words
    • Article
      Lock icon Joyas to issue warrants, convertibles to fund move into nickel trading
      234 6 Singapore JOYAS International Holdings is expanding into nickel trading, with plans to buy a 70 per cent stake in a Hong Kong outfit for HK$700,000 (S$118,000) in cash. The metal gifts and jewellery maker will also issue up to
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    • Article
      Lock icon Boustead plans demerger leading to listing of a unit
      268 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TECHNOLOGY and engineering group Boustead Singapore is proposing the demerger of its real estate solutions business, which would be consolidated under its wholly owned subsidiary Boustead Projects with an eye on listing shares in Boustead
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    • Article
      Lock icon Total returns of IPOs this year average 3.3%
      302 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore STOCKS listed this year have averaged total returns of 3.3 per cent up till November, in line with the 3.5 per cent returns for stocks of companies that went public last year, data from the Singapore
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    • Article, Illustration
      Lock icon Goldman downgrades Singapore to “underweight”
      786 10  -  Key bank, energy and property sectors seen likely to report muted or lower earnings By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore INVESTMENT bank Goldman Sachs has downgraded the Singapore market to “underweight” while upgrading the Hong Kong market to “market weight” and Indonesia to “overweight”. Timothy
      PHOTO: REUTERS  -  786 words
    • Article
      Lock icon O&M stocks recover as oil rebounds
      475 10  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore OFFSHORE and marine (O&M) stocks on the Singapore Exchange may have taken a beating of late because of falling oil prices, but analysts believe it is a good time to snap up some of these counters. The performance
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    • Article
      Lock icon S-Reits ratings to remain stable next year: Fitch
      270 10 Singapore RATINGS on Singapore real estate investment trusts (S-Re-its) are expected to remain stable next year, according to Fitch Ratings, although hospitality Reits are likely to face more downside risks than other sectors. “Tourist arrivals into Singapore are likely to remain weak
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    • Article
      Lock icon KepLand in JV to build office tower in Yangon
      336 11  -  Its total investment in Grade-A building will be US$47.4 million By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore KEPPEL Land is investing US$47.4 million through a joint venture in Myanmar to develop a Grade-A office tower in Yangon. The group said on Tuesday
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    • Article
      Lock icon Oil rout leaves investors with outdated portfolios
      439 11 BLOOMBERG Istanbul THE rapid slide in oil prices has left many money managers overseeing outdated portfolios and missing emerging opportunities from Turkey to India and Indonesia, according to BlackRock Inc’s Sam Vecht. Even as crude’s 36 per cent plunge in less than six
      BLOOMBERG  -  439 words
    • Article
      Lock icon Aviva agrees to takeover terms for Friends Life
      259 11 REUTERS London BRITISH insurer Aviva has agreed to terms for a £5.6 billion (S$11.5 billion) takeover of rival Friends Life in a share deal which creates a market leader with 16 million life insurance customers. Analysts said the cost savings from the
      REUTERS  -  259 words
    • IN BRIEF
      • Article
        Lock icon JEP unit signs lease for JTC land
        105 11 JEP Holdings’ subsidiary, JEP Precision Engineering, has signed a 30-year lease agreement with JTC for an 18,500 square metre parcel of land in Seletar Aerospace Park. The group estimates that it will need to invest about S$28 million over the next three years
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      • Article
        Lock icon Manufactuting Integration secures orders
        48 11 MANUFACTURING Integration Technology (MIT) recently secured new orders worth a total of S$13.7 million for its vision inspection, die sorting and laser marking equipment, for delivery in Q1 2015. These new orders bring its outstanding order book to S$32.9 million as at Dec 2.
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      • Article
        Lock icon IPS Securex unit in deal with Bio-Nexus
        103 11 SECURITY products provider IPS Securex Holdings’ subsidiary, IPS Securex (I PS PL), has entered into a framework cooperation agreement with Bio-Nexus Research (BNR) that will enable IPSPL to integrate BNR’s patented mobile workflow engine software platform into various solutions. BNR’s software platform is
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    • Article
      Lock icon Qatar’s Mayhoola leads in bid to buy Pepe Jeans
      362 11 REUTERS London THE Qatari royal family is leading the race to buy the Spanish fashion brand Pepe Jeans as buyout funds struggle to match the sellers’ price expectation of at least 700 million euros (S$ 1.14 billion), several sources close to
      REUTERS  -  362 words
    • Article, Illustration
      Lock icon STI / Catalist
      62 12 STI Catalist Straits Times Index Dec 2,2014 3,322.32 +16.68 (0.50%) Current streak 1 day Day high 3,337.57 Day low 3,304.83 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Dec 2,2014 760.60 +8.47 (1.13%) Current streak 1 day Day high 760.60 Day low
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    • Article, Illustration
      Lock icon Oil-related selling eases – for now
      602 12  - Oil-related selling eases for now STI recovers 16.68 points, following Hong Kong’s rebound; OCBC, ThaiBev, SingTel provide push among index stocks TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER Monday’s bloodletting which saw the Straits Times Index plunge 45 points, Tuesday’s session was less painful as the index managed a
      Source: Bloomberg  -  602 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 12 STI FTSE ST All-Share FTSE ST All-Share index Dec 2,2014 797.31 +28.1 (0.35%) Current streak 1 day Day high 800.59 Day low 797.31 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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      Lock icon STI / MSCI EAFE
      33 12 STI MSCI EAFE MSCI EAFE index Dec 1,2014 1,834.49 -5.24 (-0.28%) Current streak 3 days Day high 1,839.27 Day low 1,823.77 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
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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 233 +2 234/232 250 206 6.1 5887.2 CapitaLand 326 unch 331/326 348 268 16.3 2.5 *****.8 CapitaMall Trust 197.5 -0.5 198/197 209 180 5.2 6849.9 CityDev 989 -17 1014/988 1118 860 13.4
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    • Article
      Lock icon MOST ACTIVE
      35 12 VOLUME IHC 86,587,000 Xpress 63,854,000 SIIC Environment 54,235,000 Golden Agri-Res 45,280,000 Ezion 45,024,000 Market volume 1,411,859,000 VALUE Keppel Corp 81,798,720 DBS Grp 79,352,404 SingTel 71,701,980 OCBC Bank 61,338,320 Ezion 52,817,435 Market value 1,077,941,000
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    • Article
      Lock icon SGX ETFS
      113 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US784 +7 679 784/775 790/541 781/784 98 UETF SSE50China 191 +11 546 194/181 194/140 190/192 59.7 DBXT CSI300 US$ US847 +28 77 853/800 853/613 847/850 STI ETF 336 +2 42 337/334 343/298
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Dec 2 VALUE CLOSE BT OB/OS -321.00 -8.00 BT CADI -*****.00 +44.00 BT 10-day MA -*****.00 -32.00 FTSE ST Mid Cap 742.86 -2.26 FTSE ST Small Cap 503.57 +0.84 FTSE ST All Share 797.31 +2.81 FTSE ST China Top 187.69 -0.06 FTSE ST China 222.91 +0.03 FTSE
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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 7 3 5 0 0 0 7 3 5 Manufacturing 44 41 36 10 4 10 54 45 46 Commerce 20 11 18 4 7 4 24 18 22 Tpt/Stor/Comms 18 14 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,267 18,267 105,598 105,598 Manufacturing 230,245 35,702 265,947 115,073 2,740 117,813 Commerce 56,213 25,816 82,029 81,251 2,104 83,355 Tpt/Stor/Comms 105,798 394 106,192 160,342 148 160,490 Finance 20,465 100 20,565 194,418 21 194,439 Construction 64,911 28,039
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    • Article
      Lock icon GAINERS
      74 12 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 433.5 3.0 *****/***** Lyxor ChinaH US$ 1520 45.7 2.4 1570/1221 Lyxor Europe US$ 1489 39.2 2.1 1678/1361 DBXT CSI300 US$ 847 36.6 3.4 853/613 Jardine C&C 4320 36.0 0.8 4901/3330 BY PERCENTAGE CLOSE UP 52w high/low ChinaKangdaFood 36 200.0 24.0
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    • Article
      Lock icon LOSERS
      73 12 BY CENTS CLOSE DOWN 52w high/low JMH USD 6205 -45.7 -0.6 6460/4934 DBXT Vietam US$ 2782 -44.4 -1.2 3100/2384 UOB.ES.1412 2382 -23.0 -1.0 2410/2382 DBXT MSBrazil US$ 429 -20.9 -3.6 614/395 Lyxor Nasdaq US$ 1709 -19.6 -0.9 1724/1379 BY PERCENTAGE CLOSE DOWN 52w high/low Yanlord MBeCW*****2 0.1 -92.9 -1.3
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE ACH ADR US$ 0.01 10.850 +1.670 +18.19 BlueSkyPower 841.0 0.100 +0.015 +17.65 China Jishan 89.0 0.082 -0.008 -8.89 China Haida 299.0 0.018 +0.002 +12.50 ES 668.0 0.179 -0.018 -9.14 Xpress 63,854.0 0.007 -0.002 -22.22 ChinaKangdaFood 5.0 0.360 +0.240 +200.00 Fu Yu 4,916.0 0.107 +0.006 +5.94
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    • BROKERS’ TAKE
      • Article
        Lock icon CDL Hospitality Trusts
        106 12 NEUTRAL Dec 2 close: S$1.74 Target price: S$1.78 OSK DMG Research, Dec 2 CDL Hospitality Trusts has entered the hospitality market in Japan with the acquisition of two Tokyo hotels for S$63.8 million. We reiterate “Neutral” with a DDM (dividend discount model)-derived target price of S$1.78, implying
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      • Article
        Lock icon Sembcorp Industries
        75 12 ADD Dec 2 close: S$4.34 Target price: S$5.85 CIMB Research, Dec 1 WE believe utilities earnings could help to counter the cyclicality in marine as order momentum takes a breather. The India power plant and Singapore power prices were the key focus points during our roadshow with Sembcorp
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      • Article
        Lock icon Ezion Holdings
        228 12  -  Compiled by Teh Shi Ning BUY Dec 2 close: S$1.17 Fair value price: S$2.04 OCBC Investment Research, Dec 1 WITH the recent sell-down in oil and gas related plays, Ezion Holdings has not been spared its share price has fallen by about 30 per cent since its recent
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      • Article
        Lock icon CALENDAR
        16 12 DATA I 4.00 pm Singapore COE Bidding Results I 8.00 pm US MBA Mortgage Applications
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    • Article
      Lock icon Dollar rises on upbeat remarks by Fed officials
      381 13 TT CURRENCIES REUTERS London THE US dollar rose against a basket of currencies on Tuesday, underpinned by upbeat comments from two influential Federal Reserve officials who emphasised the positive impact on the US economy from a decline in oil prices. While that
      REUTERS  -  381 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 13
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 13 Dec 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.964 5.232 0.683 6.599 52.683 104.342 1.011 9.446 2.916 1.082 86.494 38.061 1.112 9.378 0.822 26.425 27.935 0.541 0.851 Canada 1.037 5.426
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        Lock icon SHANGHAI COMPOSITE
        2 13
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        Lock icon DOW JONES
        2 13
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        Lock icon NIKKEI
        1 13
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 13 Dec 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1108 1.1122 0.8507 0.8511 Canadian dollar 1.1520 1.1535 0.8827 0.8822 Euro 1.6264 1.6279 1.2455 1.2457 NZ dollar 1.0270 1.0282 0.7865 0.7868 Sterling pound 2.0521 2.0539 1.5715 1.5717
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        Lock icon US$/S$ FORWARD RATES
        22 13 Dec 2 S$ Bid Offer 1-month 1.3061 1.3074 2-months 1.3063 1.3075 3-months 1.3064 1.3076 6-months 1.3065 1.3078 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        209 13 Most active Dec 2 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****2 11.1 0.1 9989 0.1 0 6 UOB MB eCW*****5 15.2 0.2 4225 0.1 2480 4 OCBC Bk MB eCW*****3 9 1.2 4120 0.2 1060
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 13 In local curr In S$ In US$ dy yr dy yr dy yr Dec 1 Index Change Change Change Change Change Change World Preliminary 1279.3 -0.6 8.0 -0.4 7.7 -0.5 4.2 EAFE Preliminary 997.6 -0.4 4.3 -0.1 -1.0 -0.3 -4.2 Europe Preliminary 1403.2 -0.6 3.6
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        362 13 Dec 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.06 *****.70 *****.42 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Mar15 *****.00 *****.00 *****.00 *****.00 949 5583 MSCI TAIWAN INDEX FUTURES SPOT 339.18 339.19 334.76 Dec14 340.10 340.10 333.90 334.70 ***** *****5 Jan15 338.70
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 13 Dec 2 $S Offer Bid 0vernight 0.08 0.03 1-month 0.3750 0.2500 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.10 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon SIBOR
        36 13 Dec 2 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        63 13 Dec 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.58 5-Year N*****0H 1.625 01-Oct-19 101.04 101.10 100.87 10-Year NY*****H 3.000 01-Sep-24 107.19 107.16 107.16 15-Year NY*****E 2.875 01-Jul-29 104.22 104.30 104.20 20-Year NZ*****V 3.375 01-Sep-33 109.98 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 13 Dec-1 Price Net change change Last Trade Agricultural Dec-1 CBOT Soybeans (US cents/bu) 1017.00 1.00 0.10% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.22 0.04 0.12% 12/12/2014 CBOT Wheat (US cents/bu) 606.75 29.50 5.11% 12/12/2014 Dec-1 LIFFE Cocoa (£/tonne) 1959.00 35.00 1.82% 12/12/2014 LIFFE Coffee (US$/tonne) 2096.00 0.00 0.00%
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      • Article
        Lock icon PALM OIL
        57 13 Dec 2 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2133.0 2129.0 2133.0 2106.0 63 1802 Jan 15 2141.0 2146.0 2152.0 2134.0 2240 ***** Feb 15 2135.0 2142.0 2147.0 2126.0 ***** ***** Mar 15 2141.0 2143.0
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      Lock icon Page 6 Advertisements Column 2
      182 6 V 1 mp- ~r, "!•<-' MW" M n IB Promotional Rates Deluxe Room at The Gardens Hotel Residences RM395* (Breakfast and FREE Wifi). For reservations, call 03 2268 1111 or email resvnghr@StGiles-Hotels.com The Gardens Hotel Residences St Giles Grand Hotel The Gardens, Mid Valley City, Lingkaran Syed Putra, ***** Kuala
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      138 8 GAYLIN Trusted For Lifting Rigging CELEBRATING 40 YEARS OF EXCELLENCE 3 V'tcik 7j ar t* 4 Since 1974earA Z S0» (SOD v mf. it n CBO >- Providers of solutions to the Offshore Oil and Gas Industry Specialising in supply of Heavy Lift Slings and Deep Water Mooring Systems SINGAPORE
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      108 10 V s V ->: v < 4. V _rr- -■> Brr T 46 ar *r: o r* ttrr TltE NEW LUXURY .a -Ar wae f t 2014. In print and on your iPad. L ?L, ''kNMA r i i 4 I 1 t i to ?u i vi7 x VS
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      2248 11 MIYOSHI PRECISION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****3979K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting (“AGM”) of Miyoshi Precision Limited (the “Company”) will be held at Albizia Room, Level 2, Jurong Country Club, 9 Science Centre Road, Singapore
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  • REAL ESTATE
    • Article, Illustration
      Lock icon GuocoLand ramps up marketing for new condo in Sims Drive
      667 14  -  The 2.4 ha Sims Urban Oasis features a sky park and a 300-sq-ft childcare centre By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT GUOCOLAND is slated to launch its 1,024-unit condo project in a quiet enclave off Aljunied Road only early next year,
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      Lock icon Australian landlords take record debt as rental yields fall
      755 14 BLOOMBERG Sydney INVESTORS are pouring into Australian real estate and dominating the market like never before, spurred by low borrowing costs and rising prices. Home loans to landlords now account for more than half of all mortgages, the highest share on
      BLOOMBERG; PHOTO: REUTERS  -  755 words
    • Article
      Lock icon China to introduce property registration rules in March
      309 14 AFP Beijing CHINA will implement long-awaited property registration rules from March, a Chinese media outlet said on Tuesday, in a move that could give the country’s anti-corruption investigators extra ammunition and pave the way for new taxes. Under a draft of the
      AFP  -  309 words
    • Article
      Lock icon JLL buys Henry Butcher’s international residential project sales business
      514 14  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore JLL continues to expand its international residential project sales marketing business, to cater to the strong appetite among Asians for overseas properties. This time around, the property consulting group has acquired Malay-sia-based Henry Butcher’s international
      514 words
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      70 14 One of Singapore’s Top estates with Top FengShui A FREEHOLD LEGACY for you I >..■■■« -VI GRANGE Why is this a RARE property not any usual plot? 1 A genuine GOLDEN goose... for the right buyer. Really. 1 Make PROFIT at entry. 1 Other units avail, upon enquiry. Call Clare
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      31 14 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon RBA keeps interest rate at record low
      579 15 Aussie central bank takes “prudent” course, seeks lower exchange rate to achieve balanced growth in the economy AFP Sydney AUSTRALIA’S central bank on Tuesday held interest rates at a record low 2.5 per cent, signalling its intention to keep an accommodative monetary policy
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    • Article
      Lock icon US peer-to-peer lending firm seeks to raise US$692m in IPO
      622 15 NYT New York LENDING Club shot to prominence nearly eight years ago by helping borrowers and lenders avoid big banks by finding each other directly through the Internet. Now, the lending platform is hoping that Wall Street will flock to
      NYT  -  622 words
    • Article
      Lock icon Citi sees a doubling in its Asian digital users in 5 years
      384 15 BLOOMBERG Hong Kong CITIGROUP expects to double digit-al-banking users in Asia in the next five years, helping the third-biggest US lender by assets boost client accounts and revenue without the cost of setting up branches. The 7.5 million
      BLOOMBERG  -  384 words
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      67 15 A CHRISTMAS SUPPLEMENT BY FAIRMONT SINGAPORE AND SWISSÔTEL THE STAMFORD CAFÉ NOËLPRESS Choose from a luxurious medley of gourmet treats at Café Noël to add to your sumptuous feast, and delight your guests with the home-style allure of meticulously For orders or enquiries on our Christmas take-home treats, please call
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  • ENERGY & COMMODITIES
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      730 17 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MECCASIA PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY NO: *****6187W NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Security firm claims cyber espionage to game US markets
      531 18 It says hackers targeted people with access to highly insider data that can be used to profit on trades REUTERS Boston SECURITY researchers say they have uncovered a cyber espionage ring focused on stealing corporate secrets for the purpose of gaming
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    • Article
      Lock icon FBI alerts US firms to malware used in Sony cyberattack
      500 18 REUTERS Boston THE Federal Bureau of Investigation warned US businesses that hackers have used malicious software to launch a destructive cyberattack in the United States, following a devastating breach last week at Sony Pictures Entertainment. Cybersecurity experts said the malicious
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      2797 18 The Business Times Ik T I 1 I /“I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V i I www.sphclass.com.sg/notices In the matter of the Companies Act, Cap 50 And In the Matter of GENESIS BBQ (SINGAPORE) PTE. LTD. (IN PROVISIONAL LIQUIDATION) (Company Registration No.: *****8183D) NOTICE OF
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  • CONSUMER
    • Article, Illustration
      Lock icon Don’t look now, but Amazon is disrupting itself
      920 19 It aims to become a retail and entertainment colossus NYT New York SOME time last summer, a quarter-bil-lion dollars went missing at Amazon. Analysts were expecting the usual gangbusters third quarter. But it was about US$250 million short of forecasts. Here is
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      Lock icon US consumers spread out shopping beyond Cyber Monday
      473 19 BLOOMBERG San Francisco CYBER Monday sales growth is slowing as consumers embrace the convenience of online shopping, spreading out their purchases instead of being lured by one-day specials. Internet holiday shopping rose 8.1 per cent on Cyber Monday, typically the busiest day
      BLOOMBERG  -  473 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Corporate bribery extracting a huge cost globally, says OECD
      576 21  -  Most cases occur in the extractive, construction, transport and storage, and information sectors, it adds By Anthony Rowley btworld@sph.com.sg Tokyo MOST international bribes run up to millions of dollars and are paid by large companies, usually with the knowledge of senior
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      Lock icon Russia reeling from triple whammy
      806 21  -  By Neil Behrmann btworld@sph.com.sg London RUSSIA has been slammed by a triple whammy of oil price collapse, sanctions and a run on the rouble. It is hardly surprising that the Russian Economy Ministry forecasts recession next year, the first since 2009. To be sure, its
      PHOTO: REUTERS  -  806 words
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      Lock icon HK protest founders to ‘surrender’, urge students to retreat
      578 21 AFP Hong Kong THE original founders of Hong Kong’s pro-democracy movement tearfully announced on Tuesday they would “surrender” by turning themselves in to police and urged protesters on the streets to retreat. The announcement came after hundreds of pro-democracy protesters clashed
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    • Article
      Lock icon EU said to face Basel committee rebuke for banking rule shortfalls
      885 21 BLOOMBERG Brussels THE European Union faces a rebuke from global regulators for shortcomings in its implementation of bank capital rules, according to two people with knowledge of the matter. The Basel Committee on Banking Supervision will sign off on
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    • Article
      Lock icon RBI keeps rates on hold, says may ease in early 2015
      601 22 It also talks of need to revive capital investment, urges govt to stay on course to meet fiscal deficit targets REUTERS Mumbai INDIA’S central bank held interest rates steady as widely expected at a policy review on Tuesday, and
      REUTERS  -  601 words
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      Lock icon Lack of rainfall could drive Brazil into recession in 2015
      630 22 BLOOMBERG Sao Paulo WHETHER or not Brazil gets rain and lots of it in the next few months is likely to be the difference between economic growth or a recession in 2015. BNP Paribas SA says energy rationing in 2015
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      Lock icon Taiwan’s Ma to step down as ruling party head after polls defeat
      414 22 AFP Taipei TAIWAN’S President Ma Ying-jeou announced on Tuesday that he will step down as chairman of the ruling party in the wake of an “unprecedented huge defeat” in the island’s biggest ever local elections. The Beijing-friendly Kuomintang
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    • Article
      Lock icon Ebola-hit nations’ GDP to fall: World Bank
      520 22 BLOOMBERG Melbourne EBOLA’S economic devastation has worsened in West Africa, with the outbreak predicted to shrink gross domestic product next year in two of the three worst-hit countries, the World Bank said. The bank cut its 2014 growth forecasts for Liberia, Sierra Leone
      BLOOMBERG  -  520 words
    • Article
      Lock icon China to toughen stance on tax avoidance
      290 22 REUTERS Shanghai CHINA will toughen its stance on tax avoidance by foreign firms to prevent tax payments being directed overseas, the official Xinhua news agency has said, after Beijing levied US$140 million in back taxes on US firm Microsoft Corp last week. Beijing
      REUTERS  -  290 words
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      66 21 OSEA2014 The 20th International Oil Gas Industry Exhibition Conference Held Alongside: (£)^Tech2014 SINCE 1976 PLATINUM 2-5 December 2014 Tuesday Friday Basement 2, Level 1 3 10.30am 6.00pm Marina Bay Sands, Singapore LAST 3 DAYS BASEMENT 2 www.osea-asia.com Organiser: SINGAPORE EXHIBITION MW SERVICES ai f<t j ALLWc&RLD Find OSEA at Etm
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      20 22 www.omy.sg III Kids not o o Here are you need to know now. Ss&ls Scan and read more at blog.omy.sg
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      46 22 URBANATHlON 2015 TESTYOURSTRENGTH. CHALLENGEYOURSPIRIT. 14KM ROUTE, 9 URBAN OBSTACLES SIGN UP NOW FOR THE EARLY BIRD SPECIAL! MARCH 1, 2015 7AM KALLANG PRACTICE TRACK Prove your mettle in Singapore’s toughest race, which has new obstacles, old favourites and a mystery challenge! SIGN UP AT MENSHEALTH.COM.SG MOREDETAILSINTHISISSUEOFMEN’SHEALTH
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  • OPINION
    • Article
      Lock icon Don’t let budget wishlists derail restructuring
      483 23 EDITORIAL ’Tis the season to ask for presents, it would seem. With the Singapore government already asking the public for ideas on the 2015 national budget, numerous interests have started to vie for a slice of what some are expecting to be a generous
      483 words
    • Article
      Lock icon EU’s Keynesian adventure may spark fresh recession
      715 23  -  TT THE BOTTOM LINE By Neil Behrmann EUROPE is embarking on a Keynesian adventure to regenerate stagnant economies. The big question is whether meddling bureaucracy will stymie the plan. Following the failure of low interest rates and easy money to boost growth and
      715 words
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      Lock icon Opec’s latest move big shock for global system
      1191 23  -  If oil cartel maintains new stance of not reducing output, consequences for the global economic and political systems will be profound. BY SHAHID JAVED BURKI profound.BY SHAHID JAVED BURKI T The writer is former vice-president of World Bank and former finance minister
      PHOTO: REUTERS  -  1,191 words
    • Article
      Lock icon Bridging the big corporate data skills gap
      666 24  -  TT COMMENTARY By Kathryn Yap T The writer is managing partner of the technology, media and telecommunication practice in Asia-Pacific for CTPartners, and managing partner of the firm’s Singapore office SINGAPORE leads the world as a digital society, and the proof can be
      666 words
    • Article
      Lock icon Building Colombia with trade initiatives and peace
      921 24  -  By Andrés Velasco T The writer is a former finance minister of Chile, and is professor of professional practice in international development at Columbia University Bogota IN MEDELLIN, Colombia’s second largest city, you can listen to an impressive presentation by the mayor’s office
      921 words
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      Lock icon IPOs won’t draw retail investors to the market
      370 24  -  TT LETTER TO THE EDITOR Vincent Khoo INITIAL public offerings (IPOs) are supposed to be offerings of shares to the general public by a company wishing get listed on an exchange, hence the name “initial public offering”. However, some have said that
      370 words
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      Lock icon Perception of global imbalances as a problem way off base
      1062 24  -  State of global economy more the result of, say, asset inflation, debt, social welfare and inequalities. BY JOERGEN OERSTROEM MOELLER inequalities.BY JOERGEN OERSTROEM MOELLER T The writer is visiting senior research fellow, Institute of Southeast Asian studies, and adjunct professor,
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  • TRANSPORT
    • Article
      Lock icon ICS puts on its gloves for the Lima climate change pow-wow
      831 25  -  Any measure for shipping linked to the Green Climate Fund should be decided by IMO member states, it says TTSTRAIT TALK BY DAVID HUGHES IT IS that time of the year again. The United Nations Framework Convention on Climate
      831 words
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      Lock icon Outgoing TSA chief reflects on 2014’s airport security measures
      922 25 NYT New York IF YOU have grown accustomed to being waved into an expedited security line at the airport this year even though you didn’t belong to the Transportation Security Administration’s PreCheck programme, you should probably get ready to take your
      NYT; PHOTO: AFP  -  922 words
    • Article
      Lock icon Delta cuts down Ghana flights as Ebola damps travel demand
      392 25 BLOOMBERG Atlanta DELTA Air Lines, the US carrier with the most service to Africa, is cutting flights to Accra, Ghana, by about 20 per cent as the Ebola outbreak in nearby countries damps travel demand. The third-biggest US airline wouldn’t
      BLOOMBERG  -  392 words
    • Article
      Lock icon Dreamliner battery fire caused by ‘inadequate design’
      1212 25 BLOOMBERG New York THE battery fire that led to the grounding of Boeing Co’s 787 Dreamliner jets for more than three months last year was caused by inadequate design and testing, investigators concluded. Boeing had certified that overheating in one cell of the
      BLOOMBERG  -  1,212 words
    • Article, Illustration
      Lock icon Takata recall may have to be expanded after latest explosion
      819 26 Scrapyard incident involves Toyota WILL Cypha which isn’t among the 2.6m cars subject to safety campaigns BLOOMBERG Osaka JAPAN’S investigation into dangerous air bags is leading to a remote scrapyard in the central Gifu prefecture, where the explosion of a
      BLOOMBERG; PHOTO: REUTERS  -  819 words
    • Article
      Lock icon Australia rules out open tender for subs: Japan likely beneficiary
      570 26 REUTERS Sydney AUSTRALIA will not hold an open tender to replace its ageing Collins-class submarines, government officials said on Tuesday, a decision that bolsters Japan’s position as the likely builder of the new multibillion-dollar fleet. Reuters reported in September that
      REUTERS  -  570 words
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      84 26 Scraping skies. Powering ports. ade possible by QBE. s I i 'S s m 8 m > m ifi EMU yur*. ..rXL 3 v QBE When it comes to insurance, QBE has Asia Pacific covered. From protecting the region’s marine, construction and aviation industries to insuring the ports that connect
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  • Article
    Lock icon Shipping times
    1725 27 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR MALAYSIA STAR 40 50 8/12 9/12 13/12 15/12 KAISA 2 60 10/12 12/12 14/12 DEL SOL
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      295 27 C a ila n E n n o r e J e d d a h B r is b a Shanghai Chittagong n e Ho Chi Minh H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE TO Persian Gulf,
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Grand ovation for Agassi; Williams returns
      405 28  -  IPTL enthrals Singapore audience with a galaxy of international tennis luminaries By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE were 19 tennis superstars in action on the opening day of the Co-ca-Cola International Premier Tennis League (IPTL) in Singapore but the loudest cheers were arguably
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      Lock icon Tasmanian whisky makers make global waves
      776 28 AFP Hobart TUCKED away between rolling hills dotted with sheep and winding roads taking wine lovers to vineyards is a nondescript, white warehouse with small, square windows. The modest-looking building gives no hint of what lies within its four walls, except for a small
      AFP; PHOTO: AFP  -  776 words
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      Lock icon Turner’s Rome piece up for auction
      335 28 REUTERS London A MAJOR oil painting by JMW (Joseph Mallord William) Turner goes on sale in London on Wednesday amid renewed interest in one of Britain’s greatest artists, sparked by an acclaimed film biopic. Described by auction house Sotheby’s as one of the greatest
      REUTERS; PHOTO: AFP  -  335 words
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      Lock icon Irish artist Campbell wins coveted Turner Prize
      381 28 REUTERS London IRISH-BORN artist Duncan Campbell has won Britain’s prestigious Turner Prize for an “essay film” which draws on an array of sources, including African art, the Irish Republican Army, dance and Marxism. The annual award for contemporary art was presented to Campbell
      REUTERS; PHOTO: REUTERS  -  381 words
  • Page 28 Miscellaneous
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      328 28 CRYPTIC CROSSWORD Down 1 Conveyance putting competent accountant in credit? (5,3) 2 What may provide spark in attraction and love? (7) 3 Other personalities get a loser confused (5,4) 5 No way would you put flowers here! (4,2,4,4) 6 Coppers turn up dead part of flower (5) 7 Instrument from
      328 words
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Investing in the genius of art
      1393 29 Fine art is now mentioned in the same breath as equities, bonds and real estate as an asset class NYT IF there were any remaining doubts that “making money is art,” as Andy Warhol famously pronounced in his 1975 book, The Philosophy of Andy
      NYT; PHOTOS: AFP  -  1,393 words
    • Article, Illustration
      Lock icon Innovation dictates future of companies and countries
      934 29  -  TT MONEY MATTERS By Ewen Cameron Watt T The writer is chief investment strategist at BlackRock investment Institute INNOVATION has been accelerating since the invention of the steam engine, and the pace is increasing. Consider the telephone: it took 56 years for Alexander
      PHOTO: REUTERS  -  934 words
    • Article
      Lock icon Noble Group top stock among buys at S$177.4m
      452 30 TT ON THE RADAR GLOBAL mutual funds were net buyers of Singapore stocks in the three months to Nov 26. Based on volume of the top five stocks overall, net buys totalled S$2 billion, compared to net sells of S$776.3 million. This
      452 words
    • Article, Illustration
      Lock icon Distressed debt from emerging markets down the most since 2008
      592 30 BLOOMBERG Singapore LOSSES in emerging market distressed debt have mounted to the worst since the global financial crisis led by Indonesian coal miner PT Bumi Resources and ZAO Russian Standard Bank. Bank of America Merrill Lynch’s distressed emerging markets corporate
      BLOOMBERG; PHOTO: BLOOMBERG  -  592 words
    • Article
      Lock icon Value of shale boom junk bonds down nearly 10%
      548 30 BLOOMBERG New York BOND investors who helped finance America’s shale boom are facing potential losses of US$8.5 billion as oil prices plummet by the most since the financial crisis. The US$90 billion of debt issued by junk-rated energy producers in the
      BLOOMBERG  -  548 words
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      301 30 Now you can trade all Phillip Futures prodtttst using our mobileftraainalaD os/ vj Sar Sr < MB 0 ao#*® 00) i8w 95 J JjlSr O0S i» 95 ciroTOO Built for Compatibility Comprehensive News Updates Order Types 50 s commission rates when you trade using mobile apps Trade Mobile and Win!
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      240 30 PRINTING INNOVATION NOW ON A3 9 9 o a o 2) 9 For every Samsung colour copier purchased, choose ONE of the following free gifts*: Samsung GALAXY Note 4 4G+ Samsung GALAXY S5 4G+ Samsung GALAXY Tab S (10.5") LIE SVi Multi-task Effortlessly with Samsung Printing Solutions With every business
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  • EY ENTREPRENEUR OF THE YEAR 2014
    • Article, Illustration
      Lock icon GROWING AND TRANSFORMING
      749 1  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT FOUR entrepreneurs from diverse businesses one each from engineering services and process equipment, sustainable packaging solutions, professional services and food and beverage have been named as this year’s winners of the 13th Ernst Young (EY) Entrepreneur of the Year awards. The
      749 words
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      Lock icon OUTSTANDING ENTREPRENEURSHIP
      1150 4  -  Advanced Holdings founder Dr Kar Wong is EY Entrepreneur of the Year for Engineering Services and Process Equipment. BY NARENDRA AGGARWAL Equipment.BY NARENDRA AGGARWAL NANYANGTech-nological University’s Innovation Centre has seen yet another startup bloom into a Singaporebased multinational company. Dr Kar Wong founded Advanced Holdings in 1993 and
      1,150 words
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      Lock icon INNOVATION AND THE CFO
      732 4  -  CFOInnovation is not someone else’s job. It’s the entire organisation’s responsibility, championed by its leaders, including the CFO.BY MAX LOH CFO.BY MAX LOH IT is no longer sustainable for CFOs to decide that innovation is someone else’s job. Leading CFOs who are passionate about their roles
      732 words
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      Lock icon PACKING IT GREEN & KEEPING IT LEAN
      1069 8  - PACKING IT GREEN KEEPING IT LEAN Greenpac’s Susan Chong is EY Entrepreneur of the Year for Sustainable Packaging Solutions. BY NARENDRA AGGARWAL BY NARENDRA AGGARWAL Susan Chong, the ey Entrepreneur of the Year for sustainable packaging solutions this year, is taking her green mission to a new level. She is
      1,069 words
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      Lock icon Entrepreneurship – cradle to economic growth
      998 8 Entrepreneurship cradle to economic growth he SBF recognises the importance of mentorship programmes to identify, help and groom promising young business leaders THEentrepre-neurs of today are facing multifaceted and unprecedented challenges and pressure. According to the inaugural Singapore Business and Financial Strategy Survey jointly conducted by Singapore Business Federation (SBF)
      998 words
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      Lock icon Having that special fire in your belly
      1101 10  -  ng Tze Boon is EY Entrepreneur of the Year for Professional Services. BY NARENDRA AGGARWAL ONG Tze Boon, group executive chairman of environmental design solutions firm Ong Ong, was pleasantly surprised when he was informed that he had been conferred the EY Entrepreneur
      1,101 words
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      Lock icon THE IMPORTANCE OF LEGACY PLANNING
      1155 10 It is important to think about succession planning at the right point so families and individuals can plan for what happens to their money in the future, even if the unexpected occurs THE rise of entrepreneurial wealth and the shifting centre of economic power have
      Source: Ledbury Research  -  1,155 words
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      Lock icon Warm food with a warm heart
      1130 11  -  The Wok People’s Alfred Chua is EY Entrepreneur of the Year for food and beverage. BY NARENDRA AGGARWAL FOR home-grown company The Wok People, the daily focus is on taking care of employees’ “tummy” welfare by preparing healthy and palatable meals, which are then
      1,130 words
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      Lock icon When some family businesses thrive and others don’t
      1186 12  -  Robust family governance, clearly defined expectations and transparent communications will be vital to the continued success of a family business undergoing succession transition. BY CHOO ENG CHUAN, GOH SIOW HUI THE most immediate two winners of the EY-Bar-clays Family Business Award of
      ZAOBAO FILE PHOTO  -  1,186 words
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      186 1 INSIDE Outstanding entrepreneurship 4 Innovation and the CFO 4 Packing it green keeping it lean 8 Entrepreneurship cradle to economic growth 8 Having that special fire in your belly 10 The importance of legacy planning 10 warm food with a warm heart 11 When some family businesses thrive and others
      186 words
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      106 6 / 7 Our heartiest congratulations to DR KAR WONG on winning the EY ENTREPRENEUR OF THE YEAR 2014 Engineering Services and Process Equipment Dr Kar Wong is the Managing Director of Advanced Group of Companies, a global supplier of proprietary process equipment and technologies, clean energy solutions and environmental technologies to the
      106 words
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      189 9 Chase the vision. Success will follow. J iX Committed, pioneering, believing in better. Entrepreneurs have a great deal in common. Yet each of you is different. Barclays helps entrepreneurs of all kinds realise their ambitions every year, by understanding what you have in common, whilst also acknowledging your diverse challenges
      189 words
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      211 11 r EY Entrepreneur HIT Of The Year" 2014 Awards Singapore SINGAPORE ImiineiS excMence 2014 WINNER Seeing Possibilities Seizing-^ Opportunities “Instead of working from what is available, we work from what is possible. From the point of possibility, we can then re-define, re-design and re-engineer a vastly superior solution.” Ms Susan
      211 words
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      81 13 2014 Awards Singapore Heartiest congratulations from your EO and YPO/ WPO forum mates and friends. Mr. Ong Tze Boon Group Executive Chairman of ONG&ONG Group The EY Entrepreneur of The YearTM2014 (Professional Services) Adelena Shee Alfred Lee Andy Lee Ben Phee Eldwin Chua Elizabeth Tan Glenndle Sim Ian Bell Ian
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      37 14 2014 Awards Singapore Congratulations to Mr. Ong Tze Boon Group Executive Chairman of ONG&ONG Group on being awarded The EY Entrepreneur of The YearTM2014 (Professional Services) Wee Poh Construction Co (Pte) Ltd Ho Lee Construction Pte Ltd
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