The Business Times, 22 December 2014

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Total Pages: 24
1 24 The Business Times
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  • Title Section
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    29 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Monday, December 22
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  • Article, Illustration
    Lock icon DAILY DIGEST
    239 1 Corporate treasurers of large firms looking to limit foreign exchange losses amid ongoing currency volatility have been willing to pay a premium to issue localcurrency debt, a top executive at JPMorgan told BT. TOP STORIES 2 Saudi Arabia’s oil minister defended Opec’s decision to keep output steady despite
    239 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,279.53 (-44.60) KL COMP 1,715.99 (-17.00) NIKKEI 225 17,621.40 (+249.82) HANG SENG 23,116.63 (-132.57) SHENZHEN B 1,011.59 (-10.50) DOW 17,804.80 (+523.97)
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  • Article, Illustration
    Lock icon New buzz but common constraints
    1164 1  -  A bustling year saw many win funding and score high valuations; however, competition in the region grew stiffer and listing limitations existed OUTLOOK 2015: STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE year 2014 has been nothing short of bustling for entrepreneurship in Singapore as
    BT Graphics, Text: Jacquelyn Cheok; Art: Jennifer Chua  -  1,164 words
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      219 1 *****4 NTUC FAIRPRICE Surfing the IT wave to stay competitive CIO SPEAKS 11 SHELTER IN THE WOODS Shaping up to be a refuge of choice TOPLINE Swissco sees opportunities in volatility COMPANIES MARKETS 5 DINING OUT 23 PALM OIL Key players and environmental issues in the US$44b industry BT-CITIBANK YOUNG
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  • TOP STORIES
    • Article, Illustration
      Lock icon Treasurers diversify funding amid Asean expansion
      771 2  -  Corporates paying slight premium for local-currency debt to limit forex risks; treasurers increasing become strategists looking at operational risks associated with business growth By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CORPORATE treasurers of large firms looking to limit foreign exchange losses amid ongoing currency volatility
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    • Article
      Lock icon US investors big sellers of foreign stocks in Q3
      702 2  -  By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore US investors were big sellers of most foreign stocks in the third quarter but cautiously continued to pick up Asian stocks, including those listed in Singapore. Meanwhile, Singapore investors, who had been clearing their
      702 words
    • Article, Illustration
      Lock icon Wall Street set for a Merry Christmas
      910 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, the stock market had one of its strongest two-day rallies of the last five years as the Federal Reserve told the bulls exactly what they wanted to hear. This week, the gains are likely
      PHOTO: BLOOMBERG  -  910 words
    • Article
      Lock icon Saudi’s oil minister confident market will recover as prices boost demand
      595 4 He blames price slide on speculators and lack of cooperation from non-Opec members REUTERS Abu Dhabi SAUDI Arabia’s oil minister on Sunday defended Opec’s decision to keep output steady despite the biggest market slump in years, saying current prices
      REUTERS  -  595 words
    • Article, Illustration
      Lock icon The worst is yet to come for Russia’s economy
      538 4 AFP MOSCOW DEEP recession, skyrocketing prices and a fragile banking system: although the rouble seems to have stabilised after its abysmal drop in the past week, Russia still faces the heavy consequences of the turbulence. For most Russians, the week ended
      AFP; PHOTO: REUTERS  -  538 words
    • Article
      Lock icon M’sia to charge RM20 for foreign-registered vehicles coming from Singapore
      254 4  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore FOREIGN-registered vehicles bound for Johor Bahru from Singapore will have to pay RM20 (S$7.60) in vehicle entry permits (VEP) from the middle of next year. This was in line with the announcement by Malaysian
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      15 2 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements
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      155 4 Download BTLuxe Christmas and win two business class tickets to Tokyo on ANA Luxe Download the BTLuxe app on iPad and answer the following questions: 1) What is Rene Redzepi doing in the first photo of the story ‘Tokyo or Bust’ in the BTLuxe iPad App? 2) With ANA, Japan’s
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Swissco sees opportunities in volatility
      1001 5  -  The group has a steady supply of work from national oil companies which puts it in a strong position. BY MALMINDERJIT SINGH TTTOPLINE BY MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT OIL prices may be plummeting and the offshore and marine industry may appear to be in an
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    • Article, Illustration
      Lock icon Companies Act reforms – what did not make it
      883 5  - Companies Act reforms what did not make it Considerable discussion on the corporate director, codification of directors’ fiduciary duties among those debated, and then dropped.BY dropped.BY ADRIAN CHAN T The writer is the first vice-chairman of the Singapore institute of Directors T For more articles, go to btd.sg/BMatters THE recent
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    • Article, Illustration
      Lock icon A week of no sales by directors
      1567 6  -  Heavy buys with major corporate deals in Amara Holdings, ST Engineering, Japfa and Zico; buyback activity sharply lower TT INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd Directors had a bullish week with heavy buys and no
      BT Graphic  -  1,567 words
    • Article
      Lock icon STATS ChipPAC talks extended again
      271 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT TALKS over the potential US$780 million sale of STATS ChipPAC to China’s Jiangsu Changjiang Electronics Technology Co (JCET) have been extended for a second time. The new deadline is now Dec 31, 2014. JCET had on Nov 6 announced plans
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    • Article, Illustration
      Lock icon STI / Catalist
      64 7 STI Catalist WEEKLY Straits Times Index Dec 19,2014 3,279.53 -44.60 (-1.34%) Current streak 3 days Week high 3,294.14 Week low 3,215.09 52-week high 3,350.50 (NOV 28, 2014) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist index Dec 19,2014 740.53 -0.05 (-0.01%) Current streak 3 days Week high 743.02 Week
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    • Article, Illustration
      Lock icon The Federal Reserve comes to the rescue – again
      649 7  - The Federal Reserve comes to the rescue again TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT ONCE again, the US Federal Reserve has saved Wall Street and, with it, most other global equity markets from collapse with its assurances that it will give markets what they want. From previous Fed chairman Ben
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 7 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Dec 19,2014 785.71 -10.10 (-1.27%) Current streak 3 days Week high 789.15 Week low 773.10 52-week high 816.11 (July 25, 2014) 52-week low 733.83 (Feb 7, 2014)
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    • Article
      Lock icon STI STOCKS
      306 7 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 +2 237/230 250 206 6.1 5916.3 CapitaLand 317 -12 328/306 348 268 15.9 2.5 *****.4 CapitaMall Trust 200 -1 205/196.5 209 180 5.1 6936.6 CityDev 1009 +4 1010/965 1118 860 13.7
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    • Article
      Lock icon GAINERS
      75 7 BY CENTS CLOSE UP 52w high/low DBXT iBoxxUSTr US$ ***** 560.4 2.0 *****/***** SPDR S&P500 US$ ***** 471.0 1.8 *****/***** JMH USD 5900 111.8 1.5 6460/4934 DBXT MSEurope US$ 5712 110.5 1.5 6492/5366 DBXT CSI300 US$ 952 60.5 5.1 965/613 BY PERCENTAGE CLOSE UP 52w high/low DBS MB ePW*****1
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    • Article
      Lock icon LOSERS
      79 7 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -667.0 -3.7 *****/9759 GLD US$ ***** -326.2 -2.1 *****/***** DBXT ASX200 US$ 3530 -306.5 -6.2 4403/3530 DBXT Vietam US$ 2538 -221.0 -6.2 3100/2384 DBXT MSUSA US$ 5102 -184.2 -2.7 5242/4303 BY PERCENTAGE CLOSE DOWN 52w high/low Hai Leck W*****3
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 7 VOL CLOSE($) CHANGE Star Pharm 3,216.0 0.072 +0.005 +7.46 IHH 25,032.0 1.815 +0.045 +2.54 Goodland 862.0 0.275 -0.015 -5.17 Changjiang Fert 20.0 0.025 -0.006 -19.36 Captii 436.0 0.045 +0.004 +9.76 Magnus Energy 12,476.0 0.006 +0.001 +20.00 Achieva 260.0 0.048 +0.005 +11.63 Foreland FabriT 1,271.0 0.014 +0.001 +7.69 Europtronic^
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 7 STI MSCI EAFE WEEKLY MSCI EAFE Index Dec 19,2014 1,782.04 +14.95 (+0.85%) Current streak 2 days Week high 1,782.04 Week low 1,729.49 52-week high 1,993.20 (July 4, 2014) 52-week low 1,737.51 (OCt 17, 2014)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 7 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 2 0 0 0 3 11 2 Manufacturing 51 86 35 12 16 9 63 102 44 Commerce 16 40 16 7 9 4 23 49 20 Tpt/Stor/Comms 4 32 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 7 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 115,055 115,055 617,071 617,071 Manufacturing 676,835 238,843 915,678 593,243 13,402 606,645 Commerce 384,869 128,168 513,037 458,648 9,895 468,543 Tpt/Stor/Comms 621,821 8,964 630,785 1,055,777 3,491 1,059,268 Finance 112,832 548 113,380 1,167,063 117 1,167,180 Construction 184,790 85,597
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    • Article
      Lock icon Brent falls below US$60 a barrel in volatile week
      774 7 TT COMMODITIES AFP London BRENT oil prices plummeted last week to five-year lows underneath US$60 per barrel as markets were rocked by shrinking Chinese manufacturing output, economic turmoil in Russia and ample crude supplies. Oil has now halved in value since
      AFP  -  774 words
    • Article
      Lock icon MOST ACTIVE
      36 7 VOLUME IHC 352,321,000 Golden Agri-Res 280,991,000 SIIC Environment 191,003,000 Mirach Energy 177,747,000 Noble 162,098,000 Market volume 6,695,938,000 VALUE SingTel 530,948,937 DBS Grp 490,037,364 Keppel Corp 449,513,243 UOB 275,961,392 OCBC Bank 255,934,460 Market value 6,187,543,000
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    • Article
      Lock icon SGX ETFs
      111 7 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 332 -5 1534 336/326 343/298 332/333 IS MS India US$ US729 -10 828 738/696 790/541 729/733 91.1 DBXT MSRussia US$ US166 -13 727 174/140 302/140 167/168 UETF SSE50China 207 +5 599 209/198 217/140 207/208
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    • Article
      Lock icon COMPANY MEETINGS
      102 7 COMPANY MEETING PLACE DATE TIME Tritech Grp E 31 Changi South Avenue 2 22-Dec 9.00am Comm Design E The Chevrons 48 Boon Lay Way 23-Dec 10.00am Pacific Andes Res S Ballroom I II InterContinental Singapore 80 Middle Road 23-Dec 9.00am Eastgate Tech A RELC Intl Hotel Room 507
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 7 Dec 19 VALUE CLOSE BT OB/OS -532.00 +42.00 BT CADI -*****.00 +42.00 BT 10-day MA -*****.00 -53.00 FTSE ST Mid Cap 732.72 +0.54 FTSE ST Small Cap 484.85 -0.45 FTSE ST All Share 785.71 +6.74 FTSE ST China Top 182.80 -0.15 FTSE ST China 217.81 +0.79 FTSE
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    • Article
      Lock icon Dollar continues ascent after Yellen’s remarks
      420 8 TT CURRENCIES BLOOMBERG New York BLOOMBERG’S gauge of the US dollar last week rose for the eighth time in nine weeks after Federal Reserve chair Janet Yellen signalled that the central bank is poised to increase interest rates next year starting as early as
      BLOOMBERG  -  420 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 8 WEEKLY
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        Lock icon INTERBANK CROSS RATES
        471 8 Dec 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.945 5.077 0.664 6.330 51.477 102.166 0.973 8.986 2.838 1.049 82.031 36.511 1.074 9.463 0.800 25.682 26.809 0.521 0.816 Canada 1.058 5.372
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 Dec 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0737 1.0749 0.8162 0.8165 Canadian dollar 1.1362 1.1372 0.8638 0.8637 Euro 1.6162 1.6177 1.2286 1.2288 NZ dollar 1.0229 1.0244 0.7776 0.7781 Sterling pound 2.0594 2.0615 1.5655 1.5659
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 8 Dec 19 S$ Bid Offer 1-month 1.3167 1.3181 2-months 1.3173 1.3187 3-months 1.3177 1.3199 6-months 1.3187 1.3202 Source: OCBC
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        Lock icon NIKKEI
        2 8 WEEKLY
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        Lock icon SHANGHAI COMPOSITE
        3 8 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 8 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        368 8 Dec 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.01 *****.40 *****.60 Mar15 *****.00 *****.00 *****.00 *****.00 *****4 *****8 Jun15 *****.00 0 2642 MSCI TAIWAN INDEX FUTURES SPOT 331.09 333.55 330.24 Dec14 325.80 334.10 325.30 334.10 ***** *****9 Jan15 325.50 334.30 325.50 334.30
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 8 Most active Dec 19 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB ePW*****2 12.4 1.3 ***** 0.2 1910 4 KepCorp MB eCW*****2 11.6 4 ***** 0.2 900 6 DBS MB eCW*****2 11.5 -2.3 ***** 0.1 0
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 8 In local curr In S$ In US$ dy yr dy yr dy yr Dec 19 Index Change Change Change Change Change Change World Preliminary 1276.5 0.6 7.8 0.7 7.7 0.5 3.3 EAFE Preliminary 983.7 1.0 2.9 1.0 -3.0 0.8 -7.0 Europe Preliminary 1377.5 0.3 1.7
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    • BANK RATES
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        Lock icon INTERBANK RATES
        154 8 Dec 19 $S Offer Bid 0vernight 0.15 0.05 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.50 US$ 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 8 Dec 19 (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
        67 8 Dec 19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.08 5-Year N*****0H 1.625 01-Oct-19 99.45 100.00 99.55 10-Year NY*****H 3.000 01-Sep-24 105.42 106.60 105.40 15-Year NY*****E 2.875 01-Jul-29 102.19 103.58 102.10 20-Year NZ*****V 3.375 01-Sep-33 107.68 109.25 107.70
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    • AGRI METALS ENERGY
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        Lock icon COMMODITY FUTURES
        209 8 Dec-19 Price Net change change Last Trade Agricultural Dec-19 CBOT Soybeans (US cents/bu) 1030.50 -4.50 -0.43% 14/01/2015 CBOT Soybean Oil (US cents/lb) 31.97 0.08 0.25% 14/01/2015 CBOT Wheat (US cents/bu) 632.25 -23.00 -3.51% 13/03/2014 Dec-19 LIFFE Cocoa (£/tonne) 1988.00 19.00 0.96% 16/03/2015 LIFFE Coffee (US$/tonne) 1896.00 -16.00 -0.84%
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      • Article
        Lock icon PALM OIL
        57 8 Dec 19 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2134.0 2160.0 2160.0 2124.0 217 ***** Jan 15 2144.0 2153.0 2154.0 2128.0 5740 ***** Feb 15 2136.0 2153.0 2154.0 2127.0 ***** ***** Mar 15 2145.0 2156.0
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    • Article, Illustration
      Lock icon Fear factor fades as global M&A hits seven-year high
      934 9 Rush of large deals in telecoms, healthcare and consumer sectors, setting off a likely chain reaction REUTERS London CHIEF executives got their deal-mak-ing confidence back in 2014, emboldened by a clearer outlook for their businesses to take the global value for
      REUTERS; PHOTO: AFP  -  934 words
    • Article
      Lock icon Gold-options traders shun bullish wagers as dollar rises
      475 9 BLOOMBERG London TRADERS in gold options are pulling out of bets on a rally as gains for the American dollar and US equities curb the appeal of precious metals as alternative assets. A call giving owners the right to buy February futures
      BLOOMBERG  -  475 words
    • Article
      Lock icon PRIME LENDING RATES
      288 9 Dec 19 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Tokyo-Mitsubishi UFJ, Ltd 6.00 Banque Internationale a .5.50 Bank of East
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      732 9 Payment Ex Rec Pay Ann (cts) date date date date ABF S'pore Bond Index Fd ag 3.050 02-Jan 06-Jan 15-Jan 16-Dec AIMSAMP Cap Reit (1 Jul-30 Sep 2014) ct 2.770 05-Nov 07-Nov 23-Dec 30-Oct Ausnet Services az 4.180 21-Nov 25-Nov 24-Dec 12-Nov Boustead S'pore ay 2.000 08-Dec 10-Dec
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1553 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.50 2.00 2 10.85 13.09 1.55 1.42 ARA Asset Management Limited 2.00 2.00 4 10.45 16.08 1.97 1.68 Ascendas Hospitality Trust Mgt
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      2 5 connect worlds
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      60 5 ONLINE SALE www.oaks.com.sg Wine, Whisky, Sake, Champagne, Life Style and Wine ACCeSSOrieS Over 500 products available Best Christmas Offer! Blavod Now; S$47.50 Original Black Vodka usual: ssss.oo Ballantine’s Now: S$175.00 21 Years Old Blended Whisky usual: s$275.oo It's} I 'DiscoveryI The Oaks Cellars Pte Ltd 315 Outram Road #12-09 Tan
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      347 6 TiT gms COUNTDOWN TO 2015 31 st DEC 2014 T +65 6632 8922 E f&b@carltoncity.sg V v k CARLTON Cl TV HOTEL SINGAPORE A CONTEMPORARY CHRISTMAS PARTY S$35 t+ per person Inclusive of two (02) house pour drinks Ring in the New Year at the rooftop Graffiti Sky Bar (level
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Dearth of rental homes a boon for big landlords
      1027 10 Americans renting more than buying, construction can’t catch up with demand BLOOMBERG Los Angeles CORPORATE landlords are benefiting from the worst US rental-housing shortage in more than a decade as construction lags behind demand and more Americans opt to lease rather
      BLOOMBERG; PHOTO: AFP  -  1,027 words
    • Article
      Lock icon Dubai property prices unlikely to dive despite oil slide
      903 10 UAE government will continue to spend heavily from reserves, and the real estate market is less speculative than in 2008 REUTERS Dubai THE plunge in oil prices may take more of the froth off Dubai’s booming real estate market, but broad-based
      REUTERS  -  903 words
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      Lock icon Chinese tycoon set to reap more billions with IPO
      803 10 AFP Beijing PROPERTY billionaire Wang Jianlin rose from a local government bureaucrat to China’s richest man by transforming a debt-laden state-owned housebuilder into the sprawling Wanda Group, and the flotation of one of its subsidiaries this week will propel him back
      AFP; PHOTO: REUTERS  -  803 words
    • Article, Illustration
      Lock icon NTUC FairPrice surfs the IT wave to stay competitive
      1896 11  -  Cooperative feels that technology can help it to better connect with stakeholders and creatively automate labour intensive tasks to improve productivity. BY AMIT ROY CHOUDHURY BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT Retailing is an industry where operating margins are slim and
      PHOTO: ARTHUR LEE  -  1,896 words
    • Article
      Lock icon Aligning IT with strategic vision
      272 11  -  By Amit Roy Choudhury BERNARD Chew is chief information officer (CIO) of NTUC FairPrice and heads the Co-operative’s information technology division. He is responsible for formulating IT strategy and policies, governance and control over how information assets are deployed and used, and ensures smooth and
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      140 10 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 NOTICE OF RESOLUTION PB BOUTIQUE PTE. LTD. (Company Registration No: *****1958K) CREDITORS’ VOLUNTARY WINDING UP At the First Creditors’ Meeting of the abovenamed Company convened and held at 138 Cecil Street #05-03 Singapore *****8 on 17 December
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      362 10 In the Matter of The Companies Act, Cap. 50 And In the Matter of SEMBCORP PROPERTIES SERVICES PTE. LTD. (Company No. *****6382K) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS Notice is hereby given that at an Extraordinary General Meeting of Sembcorp Properties Services Pte. Ltd. deemed to have been held
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      110 11 What’s the world making today? Technology now allows us to create value in new ways transforming industries, professions and society. The evidence is everywhere, even right here in Singapore. DBS Bank is creating custom-made investment solutions with IBM Watson. And the National Environment Agency is fighting dengue with predictive analytics.
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon What is palm oil?
      1578 12  -  A look at the US$44b industry, the key players and environmental issues. BY CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT DID you know that oil used in an Oreo sandwich cookie is derived from the same fruit as the compound used in a bar of ove soap? It’s
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    • Article
      Lock icon From sapling to fruit
      670 12  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT THE average life span of a palm tree is 25 years and it produces fruit typically from age three onwards. By age seven to 18, the tree hits peak production, producing around 25 tonnes of fresh fruit bunches (FFB) per
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      105 12 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      105 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Analysts gear up for another heady year of IPOs
      658 13 They cite deep pipeline of securities filings and note that global events failed to disrupt US IPO applecart in 2014 AFP New York WALL Street in 2014 enjoyed its best year for initial public offerings (IPOs) since 2000, thanks to the
      AFP; PHOTO: REUTERS  -  658 words
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      Lock icon Deutsche Bank weighing cuts at securities unit
      541 13 BLOOMBERG Frankfurt DEUTSCHE Bank AG, which runs Europe’s largest investment bank, is poised to trim additional businesses at its securities unit to boost returns after scaling back in credit derivatives. “We’re finding areas that don’t make market or economic sense and redeploying resources
      BLOOMBERG; PHOTO: REUTERS  -  541 words
    • Article
      Lock icon UK police said to make first arrest in currencyrigging probe
      327 13 BLOOMBERG London UK police made the first arrest in connection with global probes into allegations that traders at the world’s biggest banks colluded to manipulate currency rates on Friday, according to a person with knowledge of the matter. The Serious
      BLOOMBERG  -  327 words
    • Article
      Lock icon Bitcoin promoter gets 2 years for Silk Road money laundering
      608 13 Charlie Shrem admitted to helping send money on behalf of an operator of illegal bitcoin exchange called BTCKing BLOOMBERG Manhattan CHARLIE Shrem, the former Bitcoin Foundation Inc executive who pleaded guilty to charges tied to the illicit online bazaar “Silk
      BLOOMBERG  -  608 words
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      148 13 School of Economics SMU Master of Science in Applied Economics YOUR BRIDGE TO STRATEGIC ECONOMIC MANAGEMENT Singapore's pioneering Master of Science in Applied Economics (MAE) programme is uniquely designed for people who make strategic economic decisions for their organisations. Equip yourself with advanced knowledge in economics and the essential economic
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  • ENERGY & COMMODITIES
    • Article
      Lock icon China investing more in resource-rich Xinjiang
      1205 14 Beijing turning the region in the north-west into a national hub for oil, gas and coal despite soaring ethnic violence there NYT Karamay, China IN a desolate park on the city outskirts here, oil bubbling from the ground fills small pools next to a
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      Lock icon US labels coal ash as nonhazardous waste
      453 14 REUTERS London IN a disappointment to environmentalists, the US Environmental Protection Agency (EPA) issued rules on Friday labelling coal ash, a by-product of coal-based power production containing toxic materials such as arsenic and lead, as non-hazardous waste. The label means that states and
      REUTERS; PHOTO: REUTERS  -  453 words
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      Lock icon US seeks up to US$18b in water-pollution fines from BP
      276 14 BP’s partner Anadarko Petroleum also faces US$1 b penalty BLOOMBERG Houston THE US wants US$16 billion to US$18 billion in wa-ter-pollution fines from BP Plc’s exploration unit, and more than US$1 billion from partner Anadarko Petroleum Corp, as co-owners of
      BLOOMBERG; PHOTO: BLOOMBERG  -  276 words
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      Lock icon US, Mexico seal pact to avoid duties on Mexican sugar imports
      383 14 REUTERS Mexico City MEXICO and the US finalised a pact on Friday to end a months-long sugar dispute that threatened to escalate into a broader trade battle. The two countries have settled on agreements that will avoid hefty duties
      REUTERS  -  383 words
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      299 14 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF LEHMAN BROTHERS THAILAND INVESTMENTS PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (CO. REG. NO. *****1914G) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the Company duly convened and held at 16 Raffles
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      199 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DATA DOMAIN SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****1594K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
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      142 14 In the Matter of The Companies Act (Chapter 50) And In the Matter of ATELIER LIFESTYLE PTE LTD (In Creditors’ Voluntary Liquidation) Reg. No. *****7656M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the Company
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  • TECHNOLOGY
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      Lock icon Bringing analytics to multiple devices
      935 15  -  Oracle sees businesses incorporating predictive analytics to be more agile to changing conditions By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE proliferation of mobile and social platforms has had a major impact on the way that employees operate at work, with professionals now demanding that
      935 words
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      Lock icon Instagram worth US$35b, 84% over Citi’s prior gauge
      468 15 BLOOMBERG New York INSTAGRAM, the photo-sharing app owned by Facebook Inc, is worth US$35 billion, almost double its previous valuation, according to an analyst. Instagram’s faster-than-expected user growth and increased revenue from advertising mean the company is valued at more than the
      BLOOMBERG; PHOTO: BLOOMBERG  -  468 words
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      Lock icon US seeks China’s help to block cyberattacks from North Korea
      954 16 But Kim Jong Un’s regime says there’s no proof that it’s behind the hack on Sony, calls for joint Pyongyang-Washington probe into the matter WP Honolulu THE Obama administration has asked China for help in countering North Korean cyberattacks as
      WP; PHOTO: AFP  -  954 words
    • Article
      Lock icon Alibaba interested in partnering Sony on movie franchises
      539 16 BLOOMBERG Hong Kong ALIBABA Group Holding Ltd showed interest in partnering Sony Corp on movie franchises including Ghostbusters when billionaire Jack Ma met Hollywood executives in October, e-mails revealed by hackers show. Asia’s largest Internet company also considered investing in Pixels, a
      BLOOMBERG  -  539 words
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      Lock icon YouTube vs PayTV – a new kind “play” button
      1221 16 YouTube vs PayTV a new kind “play” button NYT New York THIS autumn, Susan Wojcicki, the chief executive of YouTube, appeared on a panel at Vanity Fair’s inaugural technology conference in San Francisco. Sitting on the same stage at the Yerba Buena Center for the Arts where Steve Jobs once
      NYT; PHOTO: BLOOMBERG  -  1,221 words
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      Lock icon Google sues to block ‘overly broad’ demands by Mississippi
      410 16 BLOOMBERG San Francisco GOOGLE Inc sued to block what it called overly broad demands by Mississippi in its investigation of online contraband sales, after accusing the state’s attorney-general of doing Hollywood’s bidding. The lawsuit was filed on Friday in federal court
      BLOOMBERG  -  410 words
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      2801 15 The Business Times Ik I 1 Toll free 1800-289-8822 IV I fl I I Email noticesfi'sph.com.sg I V. J J I V. i j L. J www.sphclass.com.sg/notices <# DARCO SOLUTIONS TO WATER WASTE DARCO WATER TECHNOLOGIES LIMITED (Company Registration No. *****6732C) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY
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  • CONSUMER
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      Lock icon More discounts at US retail Christmas sales
      846 17 But range of stock on offer has shrunk, say analysts NYT New York IF there is one sign of an enthusiastic shopper, it is this: A mother holds a baby in her arms so that she can push a stroller full of shopping
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      Lock icon Juno jumps on cancer therapy wave
      895 17 But the journey to commercialising the bespoke medication remains daunting BLOOMBERG Minneapolis IT’S a cancer therapy straight out of Greek mythology, bespoke medicine with astonishing results in the smallest and sickest of patients. The treatment, called a chimeric antigen receptor, or CAR for short,
      BLOOMBERG; PHOTO: BLOOMBERG  -  895 words
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      Lock icon McDonald’s deemed as “joint employer” in US worker rights case
      628 17 BLOOMBERG Washington MCDONALD’S Corp wields enough control over its franchisees that it should be jointly responsible for the working conditions of their employees, according to charges by the US labour board critics say threatens to upend the fast- food industry.
      BLOOMBERG  -  628 words
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      81 17 Any 12 months plan Sign up Renewal FREE Talk Money Book (worth S$23 inclusive of delivery) Loyalty Discount Valid Till 31 Dec 2014. T&Cs apply. Go for More Talk Money book only $15!* *Special price and free delivery are limited to sign-ups or renewals only. Presented to you by FIND
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  • TRANSPORT
    • Article
      Lock icon US vehicle recalls exceed 60m in 2014
      698 18 Record tally due to rush to prevent more deaths from defective GM ignition switches and Takata air bags Southfield, Michigan US vehicle recalls surpassed the 60 million mark for the first time in a single year, largely because of the rush to prevent
      698 words
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      Lock icon Sky’s the limit in dogfight over posh airline food
      629 18 AFP Paris MICHELIN-STAR food and vintage champagne: Airlines are pulling out all the stops to cater to their first-class passengers’ tastes, as they seek a larger slice of the highly profitable market. “Business class has become the main battleground for all
      AFP; PHOTO: AFP  -  629 words
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      Lock icon Chrysler expands US car recall nationwide
      717 18 BLOOMBERG Washington THE carmaker formerly known as Chrysler Group gave in to pressure from US regulators and expanded a regional recall of cars fitted with Takata Corp air bags nationwide even though it said that the parts it will replace aren’t even defective. The
      BLOOMBERG; PHOTO: REUTERS  -  717 words
    • Article
      Lock icon Thailand looking to Japan for railroad revamp
      381 18 REUTERS Bangkok THAILAND is talking to Japan with a view to building three rail routes in the South-east Asian country, a Thai minister said on Saturday, the latest move by its military government to kick-start long-delayed plans to modernise its ageing rail network.
      REUTERS  -  381 words
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      Lock icon EU challenges US subsidies to Boeing in WTO trade case
      462 18 NYT Paris THE European Union filed a new trade case against the US on Friday, alleging “billions of dollars” in illegal subsidies to the aircraft maker Boeing, the World Trade Organization (WTO) said in a statement. The European case asserts
      NYT; PHOTO: BLOOMBERG  -  462 words
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  • Article
    Lock icon Shipping times
    1741 19 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 SEIYO SPRING 2 70 8/1 10/1 14/1 MALAYSIA STAR 41 50 8/1 9/1 13/1 15/1 SEA
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      302 19 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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  • GOVERNMENT & ECONOMY
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      Lock icon Officially spurred inflation could turn around, bite Japan in 2015: economists
      825 20  -  Various factors including higher wage expectations are set to put accelerating upward pressure on prices By Anthony Rowley btworld@sph.com.sg Tokyo IF Bank of Japan (BOJ) governor Haruhiko Kuroda has a New Year wish, it would likely be for the
      PHOTO: BLOOMBERG  -  825 words
    • Article
      Lock icon BOE faces no urgency to raise interest rates
      321 20 BLOOMBERG London THE Bank of England isn’t under pressure to raise UK interest rates as inflation slides further below its target, policy maker David Miles said. “There is no great urgency in starting the process of moving monetary policy back towards a
      BLOOMBERG  -  321 words
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      Lock icon New leadership seeks to rebuild EU self-confidence
      847 20 REUTERS Brussels SHORT, snappy and focused on two priorities reviving sagging investment in Europe and standing firm towards Russia, the first European Union summit under new leadership was a demonstrative break with the past. Donald Tusk, the former Polish prime minister who took
      REUTERS; PHOTO: BLOOMBERG  -  847 words
    • Article
      Lock icon Geopolitics plagued Lithuanians to join euro zone next month
      671 20 REUTERS Kybartai, Lithuania GEOPOLITICS plague Lithuanians at this frozen Russian border post, where a return trip by car can mean 48 hours of queuing. It is a reminder for some of why the former Soviet republic will cement its move to
      REUTERS  -  671 words
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      Lock icon Aussie bond yield premium over US set to end
      759 21 Monetary policies going in opposite directions, with the Fed planning to raise rates and RBA likely to lower them BLOOMBERG Singapore AUSTRALIA’s bond yield premium over the United States will vanish for the first time since 2000 as monetary policy diverges,
      BLOOMBERG  -  759 words
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      Lock icon Thai household debt soars to record high
      907 21 BLOOMBERG Bangkok DIN Ruenmeesang spends about half his monthly income making minimum payments on his seven credit cards and multiple bank loans. That isn’t stopping the 33-year-old from borrowing again to buy a new car next year. Spenders like Mr Din are making
      BLOOMBERG; PHOTO: BLOOMBERG  -  907 words
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      Lock icon Abbott promotes tough overseer, drops gaffe-prone defence minister
      458 21 REUTERS Sydney AUSTRALIAN Prime Minister Tony Abbott, battling a slide in public support, reshuffled his Cabinet on Sunday, promoting the overseer of a tough immigration programme and throwing out his gaffe-prone defence minister. Mr Abbott said that the shake-up was for jobs
      REUTERS; PHOTOS: AFP, REUTERS  -  458 words
    • Article
      Lock icon Cuban president hails thaw in US ties, but won’t change system
      381 21 AFP Havana CUBAN President Raul Castro said he was ready to discuss any topic with Washington after the historic bilateral rapprochement, but warned not to expect any major political change as a result of the detente. And while the
      AFP  -  381 words
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      20 21 JANUARY ISSUE IS OUT NOW! Start2015withabang, with tips and tricksfor better sex, workouts and style. MENSHEALTH.COM.SG DON’TMISSOUT! URBANATHLON 2015 REGISTRATIONCLOSESJAN31
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  • LIFE & CULTURE
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      Lock icon Taking Heart
      390 22  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT New charity concert in aid of hospice care A NEW charity concert is hitting the stage on Dec 26, with all proceeds going to the beneficiaries of HCA Hospice Care and its Star PALS (Paediatric Advance Life Support) programme. This inaugural edition of
      390 words
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      Lock icon Furious at leaks, Madonna releases songs early
      699 22 Incomplete versions of six tracks had leaked online AFP New York MADONNA on Saturday suddenly released six new songs months ahead of schedule, furious that early versions had leaked online in what she had described as “artistic rape”. The songs will appear on
      AFP; PHOTO: REUTERS  -  699 words
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      17 22 www.omy.sg 0 0*1! Scan and read more at blog.omy.sg Download omy Apps omy News iOSAppStore Google Play
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      59 22 THE PERFECT CHRISTM S GIFTFROM ONLY $1.50 PER ISSUE! A GIFT FOR YOUR LOVED ONE 60% savings for 1-year digital subscription 30% savings for 1-year print subscription OUR GIFT TO YOU FREE 3-month digital subscription of your favourite magazine or Subscribe at www.sphmagazines.com.sg/ xmaspromo2014 or scan this QR code now!
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      28 22 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      376 22 CRYPTIC CROSSWORD Across 1 Element found in centre of scan? (7) 5 Price set wrongly with no end of fuss? It comes from the till (7) 9 Something penned by astronomical man a chronology (7) 10 Endurance shown by southern army besieging dictator (7) 11 Notes shown by staff? (5)
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  • DINING OUT
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      Lock icon An inviting Shelter this time round
      986 23  -  The genuinely warm staff is well matched by the French cuisine which is played out to the last detail with everything from pates to rillettes, duck confit and clafoutis. BY JAIME BY JAIME EE RESTAURANT REVAMP Shelter in the Woods 22 Greenwood Avenue Tel:
      986 words
  • Page 23 Advertisements
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      28 23 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      Lock icon Page 23 Advertisements Column 2
      153 23 WHERE YOUR CULINARY ADVENTURE STARTS Redefine your dining experience at Marina Bay Sands where awardwinning chefs surprise and delight you with their mastery. From degustation menus and exceptional cuts of meat to artisanal pizzas and signature seafood platters, you arc assured that every mouthful is truly memorable. Adding to our
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