The Business Times, 6 December 2014

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Microfilm: NL33312
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g DECEMBER 6-7, 2014 S$1.00| MCI (P) 052/08/2014 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article, Illustration
    Lock icon Changi Airport kicks off ground-breaking for its Jewel
    887 1  -  Mixed-use development aims to take the airport beyond being a gateway for flights to being a destination unto itself By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore WORK has started on the mixed-used development at Changi Airport designed to turn the airport into a
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  • Article, Illustration
    Lock icon As taxi apps do battle, commuters win
    1201 1  -  Taxi apps providers race to slash charges, offer rebates and dangle incentives to woo commuters and drivers By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SINGAPORE is embroiled in a raging taxi app war as taxi apps providers here at least six and counting race
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      40 1 the REAL ESTATE Condo rents to drop by up to 10% 15 DESIGN Patricia Urquiola’s trailblazing talent L6-7 MOTORING Mercedes-AMG GT L15 LIVING Land of the rising crafts L2-5 THE RAFFLES CONVERSATION Rob Kapito, president and co-founder of Blackrock 8-9
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,324.39 (+19.57) GSTI FUTURES 3,317.00 (+20.00) GSIMSCI 373.78 (+2.45) HSIMSCI FUTURES 373.20 (+1.90) STOCKS Friday Change KL COMP 1,749.37 +3.68 NIKKEI 225 17,920.45 +33.24 HANG SENG 24,002.64 +170.08 SET 1,597.76 +3.18 JAKARTA 5,187.99 +10.83 MANILA 7,230.56 -69.29 KOSPI 1,986.62 +0.01 SHENZHEN B 1,004.70 -8.64 MUMBAI IND 28,458.10 -104.72
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.535 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$) 1.316 (US$/S$ per 1.565 2.060 EURO (US$/S$/€ 1.238 1.629 Foreign currency per US$ S$ YEN 120.20 91.30 RM 3.471 2.637 HK$ 7.751 5.890 BAHT 32.95 25.03 RUPIAH 12,298 9,345 RENMINBI 6.153 4.675 INDIAN RUPEE 61.86 47.01 A$ 1.194 0.907 NZ$ 1.289 0.979
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    • Article, Illustration
      Lock icon Aer Lingus chief tapped to turn MAS around
      445 2  -  Christoph Mueller, a known aviation turnaround specialist, appointed CEO and is expected to groom a local successor By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA has appointed the current head of Irish national carrier Aer Lingus as the chief executive of Malaysia Airlines
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    • Article
      Lock icon ADB sets up cleantech matchmaker in Singapore
      493 5  -  IPEx Cleantech Asia is a world-first By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE Asian Development Bank (ADB) has set up a new platform in Singapore to match buyers and sellers of low-carbon technologies, as Asia’s push to use more clean energy has made
      493 words
    • Article, Illustration
      Lock icon Lure of mass sports events is here to stay
      607 6  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT was about seven years ago when Chris Robb had a hunch that the running scene in Singapore was reaching its saturation point, such was the high number of events here that he felt there
      THE STRAITS TIMES FILE PHOTO  -  607 words
    • Article, Illustration
      Lock icon ‘Time to market sport sponsorship to S’pore SMEs’
      603 6  -  Vice-president of Asian Sponsorship Association sees growth potential for Asia By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN it comes to marketing a sport event to a potential sponsor, it is a buyer’s market, given the sheer number of events in Singapore now.
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    • Article, Illustration
      Lock icon More property investors in Asia adopt wait-and-see approach
      584 7  -  Transaction volumes fall 24% in Q3; Singapore’s appeal ‘wanes but fundamentals still strong’ By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MORE real estate investors in Asia are sitting on the sidelines, with transaction volumes across the region falling 24 per cent year on
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    • Article, Illustration
      Lock icon ChildAid 2014 rocks a ‘perfect 10’
      542 7  -  The 10th edition of the annual children’s charity concert raises record S$2.33m By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore ANOTHER year, another record-breaker for ChildAid. The annual charity concert that supports The Business Times Budding Artists Fund and The Straits Times School Pocket Money Fund
      PHOTO: YEN MENG JIIN  -  542 words
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      51 2 CONTENTS LIVING Cover Story L2-5 Design L6-7 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-17 Banking Finance 18 Energy Commodities 20 Technology 22 Govt Economy 23 Govt Economy 24 Opinion 26-27 Wealth 28-29 Crosswords 31 Life Culture 31 Dining L8-11 Travel L12-13 Motoring L14-15 Sports
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      49 3 Credit Suisse x>y i: > v- ;:^^VVvr l:7: r T^T >yT T T yV >v- 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 A t i ij r m
      49 words
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      1282 5 PACIFIC ANDES RESOURCES DEVELOPMENT LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a special general meeting of Pacific Andes Resources Development Limited (the “Company”) will be held at Ballroom I II, InterContinental Singapore, 80 Middle Road, Singapore, *****6, on Tuesday, 23
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      50 6 NOTICE Notice is hereby given that I, Lawrence Wong Yong Kit (NRIC: SXXXX142I) will be resigning as the Director of NuVasive SouthEast Asia Pte Ltd with effect from 1st January 2015. I will not be involved in any monetary or activities with regards to the company from the effective date.
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The business of retirement
      2372 8 / 9  -  Asset management giant BlackRock is going big on the retirement cause, says president and co-founder Rob Kapito. By Cai Haoxiang By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT THE story about BlackRock’s beginnings goes like this. It was 1988, junk bonds were the rage, but the Fed was tightening.
      PHOTO: BLACKROCK  -  2,372 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Keppel DC Reit banks on data explosion
      577 10  -  Distribution yield of 6.8% for 2015 is forecast By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore KEPPEL DC Reit, en route to the Singapore Exchange mainboard come Dec 12, is riding on data explosion or Big Data, the rising trend of outsourcing data centre needs
      577 words
    • Article
      Lock icon Reit manager allays concerns about SGX glitch
      366 10  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore KEPPEL Telecommunications Transportation (Keppel T&T) will bear all the risks triggered by any service disruption occurring at the data centres under Keppel DC Reit prior to the Reit’s S$513 million initial public offering (IPO), said Chua Hsien
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    • Article
      Lock icon Olam buys US peanut sheller McCleskey Mills for US$176m
      744 10  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore MAINBOARD-LISTED Olam International, whose agribusiness operates across the value chain in 65 countries, on Friday announced the acquisition of a 100 per cent equity stake in US peanut sheller McCleskey Mills (MMI) for US$176
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    • Article
      Lock icon DBS poised at last to make Aussie debut
      690 11  -  The Singapore bank is just waiting for regulatory approval to set up a unit in Sydney By Angela Tan angelat@sph.com.sg Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore DBS Bank, South-east Asia’s largest lender, has set its eyes Down Under, finally. Australian sources tell
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    • Article
      Lock icon SPH newspaper divisions set for 2015 revamp
      329 11 Singapore SINGAPORE Press Holdings (SPH) said on Friday that its two newspaper divisions will be reorganised and renamed from Jan 1, 2015, to reflect the integrated nature of newsroom operations and enable the growth of media-related subsidiaries and new lines of business. The
      329 words
    • Article
      Lock icon STI STOCKS
      307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 +3 233/229 250 206 6.1 5862 CapitaLand 329 +1 331/324 348 268 16.5 2.4 ***** CapitaMall Trust 197.5 unch 199/197 209 180 5.2 6849.9 CityDev 986 -6 998/983 1118 860 13.4
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    • Article
      Lock icon SGX ETFs Most Active
      111 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 210 +2 746 216/203 216/140 209/210 65.6 IS MS India US$ US779 -1 714 789/778 790/541 779/781 97.4 DBXT CSI300 US$ US904 +6 157 923/872 923/613 903/906 Nikko AM STI ETF 341 +1 45
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    • Article
      Lock icon SIBOR
      31 12 Dec 5 (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
      769 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 1 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Ezion Hldgs 04-Dec-14 Chew Thiam Keng Buy 50 1.18 ***** 1.23 ***** 1.24 PACC Offshore 03-Dec-14 Seow
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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 6 5 5 0 0 0 6 5 5 Manufacturing 50 38 39 3 10 15 53 48 54 Commerce 17 23 16 1 9 1 18 32 17 Tpt/Stor/Comms 21 9 12
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,196 18,196 101,837 101,837 Manufacturing 141,355 42,658 184,013 96,666 2,201 98,867 Commerce 60,969 54,340 115,309 78,744 1,581 80,325 Tpt/Stor/Comms 78,870 1,393 80,263 127,076 504 127,580 Finance 19,931 50 19,981 208,790 10 208,800 Construction 21,977 9,777
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 12 Dec 5 VALUE CLOSE BT OB/OS -583.00 -108.00 BT CADI -*****.00 BT 10-day MA -*****.00 -59.00 FTSE ST Mid Cap 743.08 +1.07 FTSE ST Small Cap 498.49 -0.99 FTSE ST All Share 797.22 +3.73 FTSE ST China Top 187.35 -0.16 FTSE ST China 223.76 +1.38 FTSE ST
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 12 VOL CLOSE($) CHANGE Advance SCT 206,310.0 0.001 -0.001 -50.00 China Essence^ 1,871.0 0.005 +0.001 +25.00 Wilton Resources 16,470.0 0.091 +0.011 +13.75 ChinaKangdaFood 60.0 0.096 -0.264 -73.33 CEFC Intl 505.0 0.039 +0.009 +30.00 SIIC Environment 799,270.0 0.146 -0.016 -9.88 BlueSkyPower 505.0 0.148 +0.048 +48.00 AIM 72.0 0.083 +0.017 +25.76
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    • Article
      Lock icon COMMODITY FUTURES
      212 13 Dec-4 Price Net change change Last Trade Agricultural Dec-4 CBOT Soybeans (US cents/bu) 1010.50 12.25 1.23% 14/01/2015 CBOT Soybean Oil (US cents/lb) 31.60 -0.26 -0.82% 12/12/2014 CBOT Wheat (US cents/bu) 599.75 2.75 0.46% 12/12/2014 Dec-4 LIFFE Cocoa (£/tonne) 1950.00 12.00 0.62% 12/12/2014 LIFFE Coffee (US$/tonne) 2048.00 -3.00 -0.15%
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    • Article
      Lock icon PALM OIL
      60 13 Dec 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2150.0 2135.0 2150.0 2120.0 102 1599 Jan 15 2172.0 2170.0 2180.0 2151.0 3269 ***** Feb 15 2170.0 2172.0 2177.0 2153.0 ***** ***** Mar 15 2173.0 2175.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 Dec 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.41 105.45 105.37 5-Year N*****0H 1.625 01-Oct-19 100.85 100.85 100.85 10-Year NY*****H 3.000 01-Sep-24 107.11 107.15 107.00 15-Year NY*****E 2.875 01-Jul-29 104.21 104.54 104.40 20-Year NZ*****V 3.375 01-Sep-33 110.05
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Dec 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1021 1.1029 0.8375 0.8380 Canadian dollar 1.1541 1.1544 0.8771 0.8770 Euro 1.6290 1.6295 1.2379 1.2381 NZ dollar 1.0209 1.0217 0.7758 0.7763 Sterling pound 2.0596 2.0605 1.5652 1.5656
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      213 13 Most active Dec 5 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****2 11.2 0.9 8680 0.1 0 6 FTSEChinaA50 8000 MBePW*****0 4.4 1.2 4400 0.0 0 DBS MB ePW*****2 15.6 -0.9 4360 0.2 1910 4 KepCorp
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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 Dec 4 Index Change Change Change Change Change Change World Preliminary 1285.4 -0.4 8.5 -0.3 8.4 -0.3 4.4 EAFE Preliminary 1000.6 -0.4 4.6 0.0 -0.8 -0.1 -4.5 Europe Preliminary 1398.9 -1.0 3.3
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article, Illustration
      Lock icon SGX glitch, oil and gas volatility take centre stage
      594 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent GIVEN that there were events of note this week such as swings in the offshore oil sector, the still-strong support for the banks and weakness again in Genting Singapore, it might be a tad
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    • Article
      Lock icon High frequency trading may lower liquidity: Economist
      255 14  -  By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore SUPPORTERS of the controversial “high frequency trading” (HFT) claim it enhances liquidity and efficiency in financial markets, but a new study suggests it may create inefficiencies that lead to lower liquidity. The Economist said in a Nov
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    • Article
      Lock icon GAINERS
      71 14 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 81.6 0.3 *****/***** UOB 2431 31.0 1.3 2436/1940 UOB.ES.1412 2430 29.0 1.2 2430/2382 DairyFarm USD 930 27.6 2.3 1090/884 Lyxor ChinaH US$ 1600 26.3 1.3 1617/1221 BY PERCENTAGE CLOSE UP 52w high/low KepCorp MBePW*****2 32.5 90.1 15.4 32.5/17 BlueSkyPower
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    • Article
      Lock icon LOSERS
      79 14 BY CENTS CLOSE DOWN 52w high/low JSH USD 3540 -59.2 -1.3 3810/3006 Kep Corp.ES.1412 823 -45.0 -5.2 868/823 Lyxor LATAM US$ 602 -40.8 -4.9 773/580 DBXT STGLDv US$ 3243 -39.5 -0.9 3542/3029 DBXT Vietam US$ 2802 -29.0 -0.8 3100/2384 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaKangdaFood 9.6 -73.3 -26.4
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    • Article
      Lock icon MOST ACTIVE
      37 14 VOLUME SIIC Environment 799,270,000 Advance SCT 206,310,000 IHC 74,965,000 WE 37,520,000 Genting Sing 35,937,000 Market volume 2,239,097,000 VALUE SIIC Environment 118,584,179 Keppel Corp 78,117,360 DBS Grp 71,924,151 UOB 58,892,052 CapitaMall Trust 55,712,480 Market value 1,136,870,000
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    • Article
      Lock icon SGX chases regional, derivatives dream with Malaysia contract
      329 14  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore SINGAPORE Exchange (SGX) is going after its twin ambitions of building a regional gateway and a thriving derivatives market, with a new futures contract linked to the 43-stock MSCI Malaysia Index. The contract begins trading on
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      259 11 Enjoy 25% off your total food and beverage bill at Man Fu Yuan! (Promotional offer is valid for dinner only) Venue: Man Fu Yuan, Level 2, InterContinental Singapore, 80 Middle Road, Singapore *****6 Tel: (65) 6825 1008 Enquiries: intercontinental.dining@ihg.com Website: intercontinental.com/singapore About Man Fu Yuan at InterContinental Singapore Man Fu
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Condo rents to drop by up to 10%: ANZ
      581 15  -  Supply glut looms as S’pore population growth can’t absorb new supply, it adds By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore VACANCIES in the private residential market are set to inch up over the next few years as a supply glut looms, and
      Source: CEIC, URA, ANZ Research; Source: Singstat, CEIC, ANZ Research; Source: Singstat, URA, CEIC, ANZ Research  -  581 words
    • Article, Illustration
      Lock icon Canary Wharf’s owner rebuffs new £2.6b bid from Qatar
      543 15 Reuters London THE owner of London’s Canary Wharf on Friday rebuffed a raised £2.6 billion (S$5.4 billion) bid for the financial district from Qatar and a North American investor saying it was too low. Songbird Estates said the 350 pence per
      Reuters; PHOTO: REUTERS  -  543 words
    • Article, Illustration
      Lock icon No strata shops, offices for Holland Rd plot
      1209 16  -  URA reveals detailed evaluation criteria as part of the dual-envelope tender for the site By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore INDIVIDUALLY strata-titled shop and office units will not be allowed in the landmark mixed-development project on the Holland Road site on the
      PHOTO: URA; Source: URA; Source: HDB  -  1,209 words
    • Article
      Lock icon Househunt
      978 17 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 22 AND OCT 28, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 28/10/2014 99 1066 2300 2158 Marina Bay Suites Apt 27/10/2014
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  • BANKING & FINANCE
    • Article
      Lock icon JPMorgan suspends trader amid scrutiny
      413 18 The mortgage-bond trader hasn’t, however, been accused of any wrongdoing Bloomberg New York JPMORGAN Chase Co put another of its mortgage-bond traders on leave, the latest in a string of suspensions amid regulatory scrutiny of the market, according to three people with knowledge of the
      Bloomberg  -  413 words
    • Article, Illustration
      Lock icon Japan corporate bankruptcies linked to weak yen surge to a record
      612 18 Bloomberg Tokyo JAPANESE corporate bankruptcies linked to the yen’s slide rose to a record, highlighting strains on small and medium-sized companies as Prime Minister Shinzo Abe campaigns for re-election on his economic strategy. Forty-two of the companies that failed
      Bloomberg; PHOTO: BLOOMBERG  -  612 words
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      314 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF AVANSTRATE ASIA PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****7219M) At an Extraordinary General Meeting of the members of the above-named Company held at 2 Chitose-cho, Yokkaichi, Mie, 510-0051 Japan on 1 December 2014, the
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      Lock icon Page 19 Advertisements Column 1
      285 19 There are more ways to read The Straits Times i Read it on Print, Online, Tablet or Smartphone wherever you are at any angle. o o HOLD TILT STAND HANG Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the Lenovo Yoga Tablet 2 (8")
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Renewable energy from coffee-bean wastewater
      510 20 Central American project taps biogas from the ‘honey water’ AFP Matagalpa, Nicaragua THAT cup of coffee gives many of us a needed boost, but Central American coffee farmers have found a new source of energy in their beans: turning agricultural wastewater into biogas. An often-overlooked
      AFP; PHOTO: AFP  -  510 words
    • Article
      Lock icon Oil-rich Alaska’s budget deficit could hit US$3b as crude prices go south
      573 20 WP Washington WHAT US state is as hooked on oil revenues as Venezuela, Iran, or Russia? It’s Alaska. Plunging oil prices have blown a huge hole in the budget of the oil-rich state, where in recent years taxes
      WP  -  573 words
    • Article
      Lock icon France’s Total inaugurates major oil project off Angola
      260 20 AFP Luanda FRENCH oil firm Total has inaugurated a major project off Angola with a capacity of 160,000 barrels per day as the company touted its African investments in the face of falling prices. New chief executive Patrick Pouyanne on Thursday inaugurated
      AFP  -  260 words
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      1114 21 .HAKwo.uo jon N CHUANG TIONG CHOON uew mun ueong JO CHIAU BENG PETRA FOODS LTD chia MUN *G BENG SENG?c°„ N oir SIM WONG HG JOHN CHUANG TIONG CHOON OR LOO CHOON YONG ALBERT H IS OLIVIA LUM THE COFFEE BEAN TEA Iw VLI W LUIvl GOI SENG HUI SAM
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Online freedom falls in 36 of 65 countries polled
      346 22 More governments boost monitoring of Internet users and crack down on dissent AFP Washington INTERNET freedom suffered this year as a growing number of countries stepped up efforts to spy on users and censor online postings, a global survey showed on
      AFP  -  346 words
    • Article
      Lock icon North Korea prime suspect in cyber attack on Sony, says US source
      486 22 REUTERS Washington North Korea is a principal suspect in the cyber attack on Sony Pictures, a US national security source told Reuters on Thursday, while a North Korean diplomat denied that Pyongyang was behind the crippling hack. The
      REUTERS  -  486 words
    • Article
      Lock icon Samsung argues against US$930m award to Apple
      352 22 Bloomberg Washington SAMSUNG Electronics Co urged a US appeals court to toss a US$930 million verdict won by Apple Inc, saying the South Korean company did not copy the iPhone’s design and unique look and arguing that the damage award was too high.
      Bloomberg  -  352 words
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      62 22 HOT PROPERTY FREEHOLD SEMI-D $3.XM. 72 Sunrise Ave. Excellent condition. 3427/ 2600 sf. No COV. BRAND NEW SEMI-D Seletar Hills FH 3150/5500 sf. 6+1. High ceiling. Lift. Pool. Pk 2 cars. OPEN HOUSE SAT/ Sun 2-6pm. Jln Keruing 2.5 sty FH Terr. New! 2160/4837 sf. 5+1+2. LANDED PROPERTIES FOR SALE
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Asia could be in for financial crisis or crash landing, officials warn
      467 23  -  Problems brought by credit-fuelled growth may be bigger threat to region than US tightening By Anthony Rowley btworld@sph.com.sg Tokyo CREDIT-FUELLED growth could end up producing financial crises in some Asian economies, a senior IMF official warned on Friday,
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    • Article, Illustration
      Lock icon China to deepen economic reforms in 2015
      457 23 Reuters Beijing CHINA will pursue prudent monetary policy and pro-active fiscal policy next year, the ruling Communist Party’s elite decisionmaking body was quoted as saying on Friday in a reiteration of the government’s existing stance. China will deepen reforms in the world’s second-largest
      Reuters; PHOTO: REUTERS  -  457 words
    • Article
      Lock icon China seeks US help in hunt for ‘economic fugitives’
      360 23 Reuters Beijing CHINA has asked the United States to help it track down more than 100 people suspected of corruption and who Chinese authorities believe are hiding in the US, an American official said on Friday. The official, who declined to
      Reuters  -  360 words
    • Article
      Lock icon GSK shutting down Biopolis neural unit
      470 24  -  Other ongoing investments here not affected; UK pharma giant remains committed to R&D in Singapore By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IN a move to cut costs, United Kingdom pharma giant GlaxoSmithKline (GSK) will begin a phased closure of its operations at its neural
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      Lock icon Delhi kicks off privatisation drive with sale of steelmaker stake
      387 24 AFP New Delhi INDIA’S new right-wing government kicked off its troubled privatisation drive on Friday, selling a 5 per cent stake in the state-con-trolled Steel Authority of India Ltd (SAIL) to generate revenue and plug a gaping budget deficit. The
      AFP; PHOTO: AFP  -  387 words
    • Article
      Lock icon Payrolls in biggest rise since 2012, pushing up wages
      438 24 LATEST US DATA Bloomberg Washington EMPLOYERS in the United States added 321,000 jobs in November, the most since January 2012, driving wage gains and highlighting increased corporate confidence the economy will endure a weakening in global markets. The advance in payrolls
      Bloomberg  -  438 words
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      115 25 2-night suite stay package at The Fullerton Bay Hotel worth $3,376 Samsung Galaxy Note 4 4G+ worth $1,088 DOWNLOAD NOW, IT’S CHOOSE YOUR CHRISTMAS GIFT FREE! An 8-course meal for 2 at Corner House worth $496 Prizes sponsored by P A R I S Roche Bobois armchair in Paul Smith
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  • OPINION
    • Article, Illustration
      Lock icon What makes leaders of innovation
      1053 26 / 27  -  Research on innovation leadership competencies suggests that there are about 100 different skill requirements. By Thomas Menkhoff By Thomas Menkhoff ~The writer is professor of organisational behaviour and human resources at the Lee Kong Chian School of Business, Singapore Management University (SMU), and academic director
      FREEIMAGES  -  1,053 words
    • Article
      Lock icon A big victory in sight for Abe, and Abenomics
      383 26 / 27  -  By Andy Mukherjee £31 REUTERS BREAKINGVIEWS SHINZO Abe could be heading for a landslide election win. A big victory for the Japanese prime minister would revive investor confidence in Japan’s economic reforms and help shore up his anti-defla-tion campaign. According to
      £31 REUTERS BREAKINGVIEWS  -  383 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Alpha first, fee demand later
        1199 28 / 29  -  Hedge fund clients propose managers produce gains above market benchmarks before charging incentive fees. By Saijel Kishan By Saijel Kishan Bloomberg New York HEDGE fund investors are catching up with their private equity (PE) peers. Five years after clients of leveraged buyout firms released a
        Bloomberg; PHOTO: REUTERS  -  1,199 words
      • BROKERS' TAKE
        • Article
          Lock icon HanKore Environment Tech
          131 28 / 29 Buy Maybank Kim Eng Research Dec 5 Dec 5 close: S$1.015 AN extraordinary general meeting was held on Dec 5 to approve its reverse takeover deal with China Everbright International. We expect shareholders’ approval. HanKore has been quiet in the past year due to its exclusivity agreement
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        • Article
          Lock icon Ho Bee Land
          101 28 / 29 Accumulate OSK DMG Research Dec 5 Dec 5 close: S$1.95 AMIDST the doom and gloom in the real estate sector with declining home prices and transactions, Ho Bee is well-positioned to sail through the current storm serenely with its growing portfolio of investment properties. We recommend an
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        • Article
          Lock icon Parkway Life Reit
          152 28 / 29  -  Compiled by Teh Shi Ning Add CIMB Research Dec 4 Dec 5 close: S$2.41 WE like Parkway Life Reit’s stability, clean corporate structure and management track record but our chief grouse has been with its valuation. However, we expect valuations to improve with the narrowing of its
          152 words
      • Article, Illustration
        Lock icon Like China stocks? The same shares are 12% cheaper in HK
        1002 30 China’s US$4.7t stock market is surging after central bank cut interest rates last month, for the first time since 2012 Bloomberg Shanghai THE rush to pile into the world-beating stock rally in Shanghai has become so fevered that many
        Bloomberg; PHOTO: AFP  -  1,002 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon S Africa marks Mandela’s death anniversary
      576 31 Vuvuzela blasting, cricket match among events to honour ‘Madiba’ AFP Johannesburg SOUTH Africans on Friday began marking one year since the death of Nelson Mandela with services, blasting of vuvuzelas and a cricket match to honour his enormous legacy as an anti-apartheid icon and
      AFP; PHOTO: REUTERS  -  576 words
    • Article, Illustration
      Lock icon Building of world’s most powerful land-based telescope gets go-ahead
      283 31 AFP Paris THE European Southern Observatory (ESO) said on Thursday that it will go ahead with construction of the world’s most powerful land-based telescope, a behemoth designed to locate planets in other solar systems. Building work on the European Extremely Large
      AFP; PHOTO: AFP  -  283 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      315 31 CRYPTIC CROSSWORD Across 1 Shell makes vehicle fast! (8) 5 Crumbs collected by school char (6) 10 Not getting one another ready to vote? (2,5,8) 11 Covered walk right inside vessel (7) 12 Direct link with the equator? (3,4) 13 Each had modified energy splitter (8) 15 Lake and river
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      173 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENIA, A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE ENVI RONMENT A RARE SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE 1875, THE HOME OF
      173 words
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      63 1 LivingBTTHE BUSINESS TIMES WEEKEND DECEMBER 6-7, 2014 LAND OF THE RISING CRAFTS Japanese artisanal creations are all the rage L2-5 DINING Grand Park Orchard unveils Mitzo L11 DESIGN In fine form with Patricia Urquiola L6-7 TRAVEL Retro jaunt in Cuba L12-13 MOTORING Aces of the asphalt L14-15 DINING The art
      63 words
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  • BT Living
    • Article, Illustration
      Lock icon LAND OF THE RISING CRAFTS
      1024 2 / 3  -  Japanese artisanal creations are all the rage with Singaporeans looking for clean lines and purity of form. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT It is Saturday night, and you are having drinks at D Bespoke, the Ginza-style bar along Bukit Pasoh
      PHOTOS: D BESPOKE, SUPERMAMA  -  1,024 words
    • Article, Illustration
      Lock icon Access to artisanal collectibles
      714 2 / 3 LOVE to get your hands on some Japanese artisanal items? Here’s what to buy and where. Miyama, from atomi, Mandarin Gallery, #04-27 Miyama A 37-year-old porcelain brand which hails from Gifu Prefecture uses a “casting” technique, which forms porcelain from plaster moulds. White porcelain is made
      PHOTOS: JOSEPH NAIR, SUPERMAMA; PHOTOS: ATOMI  -  714 words
    • Article, Illustration
      Lock icon Hallmark of high quality
      990 4 / 5  -  The ‘monozukuri’ philosophy enshrines Japanese makers’ ethos of striving for perfection By Tay Suan Chiang THE Sumida area is home to one of Tokyo’s tallest attractions, the Tokyo Skytree, but the area is also known for its long history of supporting modern light industries. The Economic
      PHOTOS: SUMIDA  -  990 words
    • Article, Illustration
      Lock icon On the trail of Tokyo’s trailblazers
      938 4 / 5  -  While traditional and artisanal crafts are still very much alive in Japan, the country prides itself on cutting-edge innovation as well By Tay Suan Chiang SnapLite SAY “scanners” and bulky and aesthetically challenging equipment comes to mind. But that is set to change with
      PHOTOS: PFU, FABCAFE  -  938 words
    • DESIGN
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        Lock icon IN FINE FORM
        1087 6 / 7  -  Spanish-born, Milan-based industrial designer Patricia Urquiola’s trailblazing talent in product design and architecture has established her as one of the top names in contemporary design. By Daven Wu By Daven Wu THE firmament of 21st-century top-tier industrial designers is one dominated firmly by men. It’s a fact
        PHOTOS: RAFFAELLA.CASATI@MOLTENI.IT, OASIA DOWNTOWN  -  1,087 words
    • DINING
      • Article, Illustration
        Lock icon Gunning for success
        875 8 / 9  -  Former chief executive of At-Sunrice Global Chef Academy, Christophe Megel, is a man on a mission at his new F&B consultancy A-munition. By Jaime Ee By Jaime Ee pen.”jaime@sph.com.sg @JaimeEeBT IF you’re running a cafe and your kitchen suffers a sudden blackout, don’t panic so long as
        PHOTO OF CHRISTOPHE MEGEL: YEN MENG JIIN  -  875 words
      • Article, Illustration
        Lock icon Fresh French fare
        1784 8 / 9  -  Looking for the next best thing since sliced bread? New French bakeries in Singapore are offering Francophiles classic loaves and a cornucopia of traditional pastries. By Tiong Li Cheng By Tiong Li Cheng Basic baking elements do:main 226 Tanjong Katong RoadZ6348 1406 AFTER teaching pastry techniques at
        PHOTOS: YEN MENG JIIN; PHOTOS: BAKERY ARTISAN ORIGINAL; PHOTOS: ARTISAN BOULANGERIE CO  -  1,784 words
      • Article, Illustration
        Lock icon Cantonese fare with a twist
        545 11  -  Mitzo at Grand Park Orchard hotel aims to make diners abandon preconceptions. By Tiong Li Cheng IF your idea of Cantonese food includes Lazy Susans spinning in the middle of the table, boisterous family gatherings, and big sharing platters served by cheongsam-clad waitresses, Mitzo at
        545 words
    • TRAVEL
      • Article, Illustration
        Lock icon Retro jaunt in Cuba
        1225 12 / 13  -  Many things in the country are proof that it has been caught in a time warp since the 1950s. But the renovation and refurbishment of several buildings indicate a paradigm shift. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg ‘HELLO, how are you? From China? Do you
        PHOTOS: CHEAH UI-HOON  -  1,225 words
    • MOTORING
      • Article, Illustration
        Lock icon Back out there
        701 14  -  The Subaru Outback is back with a new chassis and bigger body. By C Y Chew By C Y Chew SINGAPOREANS generally want to have their cake and eat it too. Hence, the new Subaru Legacy Outback should fit the bill for those looking for a car
        701 words
      • Article, Illustration
        Lock icon GT BEAUTY
        650 15  -  The Mercedes-AMG GT has stunning styling as well as a wide range of abilities. By Samuel Ee samuelee@sph.com.sg I T IS a new car with a new name and a brand new design philosophy for a drive that is very different from other sports cars with a three-pointed
        650 words
    • SPORTS
      • Article, Illustration
        Lock icon United in merry mood
        750 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent FOR the first time in months, Manchester United fans around the world are smiling again. The players themselves were also grinning from ear to ear at the club’s annual Christmas party on Wednesday, and understandably so. our wins
        PHOTOS: REUTERS; PHOTO: AFP  -  750 words
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      58 4 / 5 uc HEART, STROKE CANCER CENTRE Preserving Health and Longevity 0OO Worried about Heart m Attack? M JT HEART, STROKE CANCER CENTRE 290 Orchard Road #09-23/27 Paragon (Lift Lobby C) Singapore *****9 Tel. (+65) 6881 881 I Fax. (+65) 6836 5705 Website: www.shsccentre.com Email: enquiry@shsccentre.com OPENING HOURS Monday to Friday 8.30
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      816 11 wine&dine with BTWeekend Marina Mandarin Singapore, 6 Raffles Boulevard, Level 1 Z6845-1066 Merrificent Festive Takeaways Santa’s Shop Festive celebrations wherever you may be gets better with our #welovetakeouts selection. Indulge in our savoury festive roast delights and sweet homemade Christmas desserts with your loved ones. Our bestseller, Heritage Peranakan Roasted
      816 words
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      79 12 / 13 A BRAND NEW EXPERIENCE ABOVE THE REST Work. Relax. Live. ESI mm v! 208 INTRODUCTORY OFFER From RM Standing majestically as the tallest hotel in Malacca, adjoining THE SHORE Shopping Gallery and a mere 15-minute walk from Jonker Street, the all-new Swiss-Garden Hotel Residences Malacca offers you the perfect location
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