The Business Times, 25 December 2014

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Total Pages: 35
1 36 The Business Times
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  • Title Section
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    19 1 THE BUSINESS TIMES www. usinesstimes.com.sg THURSDAY, DECEMBER 25, 2014 S$1.00| MCI (P) 051/08/2014 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article, Illustration
    Lock icon THE MISSING DOLLS
    464 1  -  A BT CHRISTMAS TALE PART II BY KELLY TAY BY KELLY TAY WAS the night before Christmas There was calm all around Little children were sleeping Wrapped tight in nightgowns Oblivious to the chaos Playing out way up high Where, from Santa’s workshop, Came a long string
    Illustrations: Yu Kexin  -  464 words
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      144 1 BT wishes all readers a Merry Christmas. There will be no publication on Dec 26 Promising outlook for biomedical sciences 4 OUTLOOK 2015 A quieter year ahead for the palm oil sector 6 tjAEGER-LECoULTRp. Master GrandeTraditionTourbillon Cylindrique a Quantieme Perpetuel. Jaeger-LeCoultre Calibre 985. The mechanical programming of the perpetual calendar
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  • TOP STORIES
    • Article, Illustration
      Lock icon US economic growth at fastest in 10 years
      802 2 Spending by consumers and businesses spur economic output to rise 5% in the last quarter NYT Washington THE US economy grew last quarter at its fastest rate in over a decade, providing the strongest evidence to date that the recovery is finally
      NYT; PHOTO: BLOOMBERG  -  802 words
    • MARKETS
      • Article
        Lock icon STOCKS
        51 2 GSTI 3,345.91 (+13.40) GSTI FUTURES 3,346.00 (+13.00) GSIMSCI 378.34 (+1.62) GSIMSCI FUTURES 379.10 (+1.80) STOCKS Wednesday Change KL COMP 1,749.74 +0.69 NIKKEI 225 17,854.23 +219.09 HANG SENG 23,349.34 +15.65 JAKARTA 5,166.98 +27.92 MANILA Closed KOSPI 1,946.61 +7.59 SHENZHEN B 998.80 -1.31 Tuesday’s close Change DOW 18,024.17 +64.73 NASDAQ 4,765.42
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.524 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$) 1.324 (US$/S$ per 1.555 2.058 EURO (US$/S$/€ 1.219 1.613 Foreign currency per US$ S$ YEN 120.40 91.00 RM 3.497 2.641 HK$ 7.761 5.862 BAHT 32.90 24.85 RUPIAH 12,469 9,418 RENMINBI 6.217 4.696 INDIAN RUPEE 63.51 47.97 A$ 1.232 0.931 NZ$ 1.293 0.977
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    • Article, Illustration
      Lock icon The Interview to play on 200 US screens
      966 3 Sony Pictures reverses decision to pull the film, which will now have ‘a limited theatrical release’ Reuters Los Angeles SONY Pictures will allow The Interview to play in more than 200 US cinemas as of Christmas Day, reversing its decision to pull
      Reuters; PHOTO: REUTERS  -  966 words
    • Article, Illustration
      Lock icon Industry very much in the pink
      1166 4  -  Promising signs with companies restructuring, consolidating and entering new growth markets OUTLOOK 2015: BIOMED By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE various sectors here may be softening with analysts cautious about the 2015 Singapore economy outlook but the biomedical sciences industry is showing no
      FILE PHOTO  -  1,166 words
    • Article, Illustration
      Lock icon E-tailing turns small companies into exporters
      474 5 They are now facing issues such as duty free limits and customs duties Reuters Washington BOOMING online shopping is turning more small businesses into exporters and pushing issues such as duty free limits and customs duties higher up the wish lists for upcoming free
      Reuters; FILE PHOTO  -  474 words
    • Article, Illustration
      Lock icon A quieter year ahead for the palm oil sector
      1393 6  -  With a generally neutral view, analysts are in favour of younger, fast-growing planters on SGX, such as Bumitama Agri and First Resources OUTLOOK 2015: COMMODITIES By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore IT’S been an adrenaline-charged year for the palm oil
      PHOTO: BLOOMBERG  -  1,393 words
    • Article, Illustration
      Lock icon Uber CEO Kalanick indicted in South Korea
      461 7 He and domestic partner charged with violating transport law Bloomberg Seoul PROSECUTORS in South Korea have charged Uber Technologies Inc chief executive officer Travis Kalanick and the head of its domestic business partner MK Korea Co with violating a transportation law. San Francisco-based
      Bloomberg; PHOTO: REUTERS  -  461 words
    • Article, Illustration
      Lock icon US shoppers boost late holiday spending
      416 8 Super Saturday weekend sales 2.4 per cent higher than last year’s CHRISTMAS SHOPPING Bloomberg New York US shoppers spent 2.4 per cent more during the weekend before the Christmas holiday this year, giving a boost to retailers in the final days of 2014. Purchases
      Bloomberg; PHOTO: AFP  -  416 words
    • Article
      Lock icon Barcelona Xmas markets shine on bravely
      429 8 Economic crisis, bad weather have affected visitor turnout Xinhua Barcelona CHRISTMAS markets in Barcelona, Spain are fighting the negative impact of the economic downturn, their organisers told Xinhua. In Barcelona, there are two main Christmas markets one in the Cathedral Square, Santa Lucia, and
      Xinhua  -  429 words
    • Article
      Lock icon UPS, FedEx cap air express deliveries: report
      158 8 Reuters Bengaluru UNITED Parcel Service Inc and FedEx Corp started limiting air express deliveries after a last-minute increase in shipped packages caused some retailers to exceed agreed-upon limits, the Wall Street Journal reported, citing people briefed on the situation. This year, both UPS
      Reuters  -  158 words
    • Article
      Lock icon GIC unit buys into Bombay-listed Nirlon
      383 9  -  Nirlon owns large-scale, high-quality IT office park in Mumbai By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore GIC affiliate Reco Berry has confirmed a deal to acquire a stake of up to about 39.2 per cent (about 30.8 million shares) in Nirlon Ltd. In addition, it
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    • Article
      Lock icon Investors sell out of biggest gold trust
      195 9 Bloomberg New York INVESTORS in the world’s biggest exchange-traded product backed by bullion sold the most gold in 18 months as the US economic recovery cut demand for a haven. Holdings in the SPDR Gold Trust fell 1.6 per cent on Tuesday to
      Bloomberg  -  195 words
    • Article, Illustration
      Lock icon Oil drillers under pressure to scrap old rigs
      1029 10 Plunge in oil prices another threat to industry already facing flood of new vessels and weakening demand Bloomberg Houston OFFSHORE oil-drilling contractors, who last year were able to charge record rates for their vessels, are now under pressure to scrap old rigs
      Bloomberg; PHOTO: AFP  -  1,029 words
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      37 2 CONTENTS NEWS Top Stories 2-10 Companies Markets 11-15 Real Estate 16-19 Househunt 19 Banking Finance 20 Energy Commodities 21 Technology 22-23 Consumer 24 Govt Economy 25-30 Transport 31-32 Opinion 34-35 Life Culture 36 Crosswords 36 Page 36
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      155 5 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
      155 words
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      Lock icon Page 7 Advertisements Column 1
      31 7 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.
      31 words
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      Lock icon Page 7 Advertisements Column 2
      234 7 There are more ways to read The Straits Times j Read it on Print, Online, Tablet or Smartphone wherever you are at any angle. O o Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the Lenovo Yoga Tablet 2 (8") WiFi (UP. $449). ilMV.s
      234 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Ezra and Swiber upbeat despite bond price fall
      611 11  -  Both confident about ability to refinance debt; bond concerns’ spillover effects seen unlikely By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore EVEN as bond prices for offshore marine players have fallen in tandem with crude oil prices, the hardest hit Swiber and Ezra are
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    • Article, Illustration
      Lock icon Pacnet’s Fitch ratings may be upgraded if Telstra deal closes
      437 11  -  By Mindy Tan tan m i n dy@s p h .co m .sg @MindyTanBT Singapore FITCH Ratings has placed Pacnet Limited on “rating watch positive” (RWP) following the Tuesday announcement that Australia’s Telstra has agreed to acquire Pacnet. This means
      PHOTO: BLOOMBERG  -  437 words
    • Article, Illustration
      Lock icon DBS, OCBC the main pillars as STI rises for sixth consecutive day
      657 12  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent DBS Group Holdings and Oversea-Chi-nese Banking Corporation (OCBC) took over from United Overseas Bank (UOB) as the main index drivers on Wednesday. With assistance also from Keppel Corp and a handful
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    • Article
      Lock icon GAINERS
      77 12 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 559.5 2.1 *****/***** DBXT China50 US$ 3285 172.0 4.1 3367/2577 SPDR DJIA US$ ***** 164.0 0.7 *****/***** SIA Engineering 417 18.0 4.5 515/391 DBXT MSEAsia US$ 406 14.6 2.8 442/364 BY PERCENTAGE CLOSE UP 52w high/low Hai Leck W*****3
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    • Article
      Lock icon LOSERS
      73 12 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -46.3 -0.3 *****/***** DBXT CSI300 US$ 911 -29.1 -2.4 970/613 JSH USD 3382 -22.5 -0.5 3810/3006 DBXT MSCHINA US$ 1331 -15.9 -0.9 1401/1119 UOB.ES.1412 2435 -14.0 -0.6 2458/2324 BY PERCENTAGE CLOSE DOWN 52w high/low Advanced Systems 0.4 -33.3 -0.2 1.4/0.4
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    • Article
      Lock icon MOST ACTIVE
      36 12 VOLUME Memstar Tech 58,664,000 IHC 50,402,000 OLS Enterprise 48,891,000 Metal Component 44,290,000 Elektromotive 28,259,000 Market volume 671,435,000 VALUE UOB 55,667,450 OCBC Bank 50,835,610 SingTel 34,045,960 DBS Grp 31,275,906 Keppel Corp 16,876,210 Market value 479,172,000
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    • Article
      Lock icon Asian stocks up on strong US data; China shares take a breather
      613 12 Bloomberg Singapore ASIAN stocks climbed with metals on Wednesday after data showed the US economy grew at the fastest pace since 2003 last quarter. China shares fell on speculation regulators will cool the world’s best-performing market of the
      Bloomberg  -  613 words
    • Article, Illustration
      Lock icon SGX’s proposed bond framework needs demand to stand on
      681 13  -  Crucial to generate stronger demand from investors and issuers HOCK LOCK SIEW Kenneth Lim kenlim@sph.com.sg @KennethLimBT Correspondent THE current lacklustre retail bond market suggests that the Singapore Exchange will have to do more than just create a new platform if it
      PHOTO: ARTHUR LEE  -  681 words
    • Article
      Lock icon MAS reprimands JPMorgan for SFA, FAA breaches
      243 13  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore JPMORGAN Singapore was reprimanded on Wednesday by the Monetary Authority of Singapore (MAS) for contraventions of the Securities and Futures Act (SFA) and the Financial Advisers Act (FAA). The bank had permitted two representatives who were not
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    • Business briefing
      • Article
        Lock icon Ezion acquires two firms
        83 13 OFFSHORE player Ezion Holdings has acquired two companies involved in owning, chartering and operating of vessels and service rigs. It bought 92 per cent of Teras Conquest 7 at a share consideration of US$97,194 and assumed a US$10.13 million shareholder loan, for a total consideration of
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      • Article
        Lock icon Temasek’s deemed interest in Keppel rises
        91 13 SINGAPORE investment company Temasek Holdings (Private) Limited’s total stake in rigbuilder Keppel Corp has risen from 20.91 per cent to 21.08 per cent. This was due to the acquisition of three million shares for S$25.3 million by the Fullerton Alpha Aggregate Fund on Dec
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      • Article
        Lock icon Perennial moving up to mainboard
        56 13 PROPERTY player Perennial Real Estate Holdings, which had completed a reverse takeover of Catalist-listed nightlife firm St James Holdings and acquired Perennial China Retail Trust via a share swap, will be transferred from the Catalist to the Singapore Exchange mainboard at 9am on Friday, Dec
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    • Article
      Lock icon STI STOCKS
      305 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 +1 243/238 250 206 5.9 6118.6 CapitaLand 324 +1 326/324 348 268 16.2 2.5 *****.4 CapitaMall Trust 202 unch 202/200 209 180 5.1 7005.9 CityDev 1024 +11 1024/1011 1118 860 13.9
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    • Article
      Lock icon SGX ETFs Most Active
      109 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 338 93 339/338 343/298 338/339 Lyxor Asia US$ US489 61 490/489 543/450 489/491 71.4 UETF SSE50China 207 -2 59 207/205 217/140 207/209 64.7 IS ASIA HYG US$ US1048 +5 21 1055/1048 1119/1043 -/1048 IS
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    • Article
      Lock icon SIBOR
      31 14 Dec 24 (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
      806 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 22 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) IEV Hldgs 23-Dec-14 Christopher Nghia Do Buy 23 0.14 ***** 12.32 ***** 12.34 Sino Construction 23-Dec-14 Edward
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 2 0 0 0 7 4 2 Manufacturing 30 23 28 7 6 7 37 29 35 Commerce 19 9 12 6 0 5 25 9 17 Tpt/Stor/Comms 18 7 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 7,629 7,629 33,281 33,281 Manufacturing 115,383 80,049 195,432 39,174 5,517 44,691 Commerce 24,017 7,428 31,445 25,186 708 25,894 Tpt/Stor/Comms 33,559 491 34,050 61,063 189 61,252 Finance 10,771 10 10,781 144,248 2 144,250 Construction 15,950 3,283
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Dec 24 VALUE CLOSE BT OB/OS -199.00 +24.00 BT CADI -*****.00 +103.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 743.18 +4.45 FTSE ST Small Cap 489.26 +1.02 FTSE ST All Share 800.32 +3.36 FTSE ST China Top 185.54 +1.39 FTSE ST China 220.77 +0.96 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 14 Dec 23 VOL CLOSE($) CHANGE China Haida 238.0 0.015 -0.004 -21.05 Eucon 1,463.0 0.013 +0.001 +8.33 Memstar Tech 172,991 0.019 -0.006 -24.00 Pacific Hc 1,000.0 0.029 -0.002 -6.45 Magnus Energy 24,399.0 0.005 +0.001 +25.00 Cedar Strategic 6,100.0 0.002 +0.001 +100.00 Sarine Tech 1,501.0 2.170 -0.240 -9.96 L-Jacoberg 81.0
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    • Article
      Lock icon COMMODITY FUTURES
      209 15 Dec-23 Price Net change change Last Trade Agricultural Dec-23 CBOT Soybeans (US cents/bu) 1038.50 0.25 0.02% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.22 0.18 0.56% 14/01/2015 CBOT Wheat (US cents/bu) 635.50 9.75 1.56% 13/03/2014 Dec-23 LIFFE Cocoa (£/tonne) 1991.00 unch 0.00% 16/03/2015 LIFFE Coffee (US$/tonne) 1872.00 18.00 0.97%
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    • Article
      Lock icon PALM OIL
      57 15 Dec 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2214.0 2209.0 2229.0 2210.0 389 5599 Jan 15 2213.0 2210.0 2233.0 2209.0 1999 ***** Feb 15 2212.0 2209.0 2231.0 2207.0 ***** ***** Mar 15 2214.0 2208.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 15 Dec 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.13 105.15 105.13 5-Year N*****0H 1.625 01-Oct-19 99.76 99.95 99.80 10-Year NY*****H 3.000 01-Sep-24 106.06 106.25 106.10 15-Year NY*****E 2.875 01-Jul-29 102.51 102.50 102.50 20-Year NZ*****V 3.375 01-Sep-33 108.14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 Dec 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0740 1.0747 0.8113 0.8117 Canadian dollar 1.1401 1.1408 0.8616 0.8613 Euro 1.6132 1.6137 1.2186 1.2188 NZ dollar 1.0232 1.0238 0.7729 0.7733 Sterling pound 2.0576 2.0586 1.5543 1.5548
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      211 15 Most active Dec 24 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.3 -0.1 2000 1 1 4.33 32 DBS MB eCW*****2 12.6 0.4 1555 0.1 0 6 SHS Holdings W*****6 4.3 0.1 1477 1 20
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 15 In local curr In S$ In US$ dy yr dy yr dy yr Dec 23 Index Change Change Change Change Change Change World Preliminary 1287.2 0.3 8.7 0.4 8.8 0.1 3.8 EAFE Preliminary 992.6 0.3 3.8 0.0 -2.4 -0.3 -6.8 Europe Preliminary 1393.1 0.6 2.8
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    • Article, Illustration
      Lock icon STOCK MARKETS
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      179 11 THE BUSINESS TIMES NOTICES IN THE MATTER OF TIBERON MINERALS PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****0129C NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the abovementioned Company will be held at
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Oil drop may lead to US real estate slowdown
      1457 16 Demand for office space likely to decline in energy-driven markets such as Houston Bloomberg Seattle THE drop in oil prices to five-year lows, while helping consumers, is sparking concern that leasing and construction demand will be hurt in some of North
      Bloomberg; PHOTO: BLOOMBERG  -  1,457 words
    • Article, Illustration
      Lock icon Homebuilders lag in US real estate recovery
      1090 17 Demand for office, retail, apartment properties outpacing home buying Bloomberg Los Angeles INVESTORS who put their money in a fund devoted to real estate investment trusts (Reits) have racked up gains of 65 per cent, while investors in homebuilder stocks still haven’t recovered
      Bloomberg; PHOTO: AFP  -  1,090 words
    • Article, Illustration
      Lock icon Russians rushing to lock in mortgages
      774 18 They fear borrowing costs will rise further after the rouble’s weakness prompted the central bank to increase interest rates Bloomberg Moscow RUSSIANS are racing to take out mortgages on concern that borrowing costs will rise further after the rouble’s weakness prompted the central bank
      Bloomberg; PHOTO: BLOOMBERG  -  774 words
    • Article
      Lock icon Greentown surges in HK on share sale
      309 18 Bloomberg Hong Kong GREENTOWN China Holdings Ltd, whose chairman ended a share sale to a rival developer, surged the most in 2½ years in Hong Kong after it agreed to sell 24 per cent of the company to a state-owned construction group. The
      Bloomberg  -  309 words
    • Article
      Lock icon Househunt
      1059 19 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 12 AND NOV 18, 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 One Residences Apt 13/11/2014 99 1119 2280 2037 Marina One Residences Apt 13/11/2014
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      45 17 Unique Conservation Shophouse CBD AREA FULL COMMERCIAL NO ABSD i n j ti ST? 2 rare Club Street units Double frontage Built-in: 2,280 sqft est. Prime location in a hip high-end dining enclave Strong heritage character Agents welcome For Sale by Owner (Elaine): 6908 0671
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      Lock icon Page 18 Advertisements Column 1
      65 18 HOT PROPERTY THE LANAI BRAND New! Hillview Ave. 957 to 1431sf 2/ 3 Bdrm. Choice Units. DAIRY FARM EXPATS' choice 4bdrm PH 2200 sf P/furn. 4bdrm Big 22XX sf P/furn. High ceiling. MRT. Immed. SYMPHONY HGTS 3+1. furn Facilities, Quiet. Near Int'l school /amenities. Immed Rent neg. LOOKING FOR AN
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Santander expresses interest in Portugal’s Novo Banco
      221 20 Reuters Lisbon SPANISH bank Santander on Tuesday formalised its interest in acquiring Portugal’s Novo Banco, with its Portuguese unit Santander-Totta saying: “Taking into account the reference terms of Novo Banco sale, Santander decided to present itself for the first phase of the process,
      Reuters  -  221 words
    • Article, Illustration
      Lock icon UBS warns of risks from China’s unhedged debt
      1032 20 Fears that bets against USD in US$1t foreign debt pile could unwind Bloomberg Singapore UBS Group AG is flagging risks from China’s US$1 trillion worth of unhedged foreign debt as forecasters see bets against the greenback unwinding in 2015. The world’s second-largest
      Bloomberg; PHOTO: BLOOMBERG  -  1,032 words
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      Lock icon Page 20 Advertisements Column 1
      57 20 fb.com/ComexITShow www.itshow.com.sg 19-22 MAR 2015 SUNTEC Singapore, Levels 3, 4 6 12pm 9pm FREE ADMISSION LARGEST 1.T, digital, Sellyourtechproducts &servicesatSingapore’s LARGESTI.T,digital, mobile&consumer electronicsexhibition! Book Your Space NOW! *Limited Booths Available For more information, call *****620 or email to sales@exhibitsinc.com.sg ORGANISED BY: Organiser of IT SHOW, Food and Beverage Fair, COMEX,
      57 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Cheap oil bonanza eludes Chinese refiners
      893 21 Overcapacity, further expansion plans and falling fuel demand has industry over a barrel Bloomberg Shanghai HUANG Haidong misses the flush times in 2010 when his refinery in eastern China couldn’t produce diesel fast enough to fill the trucks lined up outside. “There was a
      Bloomberg; PHOTO: BLOOMBERG  -  893 words
    • Article
      Lock icon Traders likely to store crude in tankers next year
      422 21 Reuters Singapore GLOBAL oil traders are likely to store crude in tankers next year, as a widening contango makes large-scale storage at sea profitable for the first time since the financial crisis more than five years ago, industry sources said. Oil
      Reuters  -  422 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Obama’s conundrum: how much cyber power to use
      1070 22 There are no rules on fighting calibrated attacks that are short of war NYT Washington FOR years now, the Obama administration has warned of the risks of a “cyber-Pearl Harbor”, a nightmare attack that takes out America’s power grids and cellphone networks
      NYT; PHOTO: REUTERS  -  1,070 words
    • Article
      Lock icon Huawei’s smartphone sales soar after copying Xiaomi’s online strategy
      488 22 Reuters Beijing CHINA’S Huawei Technologies Co Ltd has taken sales of its low-price Honor brand of smartphones to 20 million from one million in just one year, hitting pay dirt with the disruptive on-line-only strategy it copied from smaller upstart Xiaomi
      Reuters  -  488 words
    • Article, Illustration
      Lock icon How do I gift thee? Let me Google the ways
      767 23 Top trending shopping queries reveal America’s collective wants and regional preferences NYT New York HOLIDAY gifts are supposed to be a surprise until the moment they are unwrapped. But there is a place (other than the North Pole) where these
      NYT  -  767 words
    • Article
      Lock icon Uber takes patent office for ride on surge pricing
      395 23 REUTERS BREAKINGVIEWS ■'1* Reuters New York UBER is taking the US patent office for a ride on surge pricing. The taxi app’s claim to own the idea of increasing charges during peak hours is a stretch. Like the company’s other dubious
      Reuters  -  395 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Consumer spending in US beats forecast as petrol prices drop
      868 24 More shopping for clothing, electronics and cars with rising employment and confidence WP Washington CONSUMER spending rose more than forecast in November as incomes increased and petrol prices dropped, indicating the biggest part of the US economy is strengthening as
      WP  -  868 words
    • Article
      Lock icon TripAdvisor fined in Italy for fake reviews
      338 24 NYT London TRIPADVISOR, the travel review website, has been fined 500,000 euros (S$806,267) by an Italian regulator for not doing enough to prevent false reviews on its site. The fine represents one of the first times that a review site has faced financial
      NYT  -  338 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Re-elected Abe appoints hawkish defence minister
      583 25  -  Nakatani’s desire for Japanese pre-emptive military strike capability could alarm China By Anthony Rowley btworld@sph.com.sg Tokyo SHINZO Abe was re-elected prime minister of Japan at a special session of Parliament on Wednesday and has retained all key members of his former government except outgoing
      PHOTO: REUTERS  -  583 words
    • Article, Illustration
      Lock icon Tokyo could be paid for bonds as yields go below zero
      578 25 Bloomberg Tokyo BANK of Japan (BOJ) easing has raised the prospect of the nation’s first bond auction in which the government is paid to borrow. Two-year yields dropped to a record minus 0.04 per cent in the secondary market
      Bloomberg; PHOTO: BLOOMBERG  -  578 words
    • Article
      Lock icon S Korea monetary policy to stay loose as sentiment weakens
      469 26 Central bank poll shows December consumer sentiment at the weakest in 20 months Reuters Seoul SOUTH Korea’s central bank pledged to keep monetary policy loose next year after its survey showed December consumer sentiment at the weakest in 20 months
      Reuters  -  469 words
    • Article, Illustration
      Lock icon Arrest warrant sought for ‘nut rage’ heiress
      389 26 Ex-Korean Air exec faces charges which include violation of aviation safety law AFP Seoul SOUTH Korean prosecutors applied on Wednesday for an arrest warrant for Korean Air heiress Cho Hyun-Ah, who delayed a flight with a tantrum over snacks in a “nut rage”
      AFP; PHOTO: REUTERS  -  389 words
    • Article
      Lock icon Russia moves to help companies refinance foreign loans
      263 26 Reuters Moscow RUSSIA’S central bank said on Wednesday it would help major Russian companies refinance foreign loans by lending money in hard currencies to those who are willing to put their foreign loans as collateral with the regulator. While Russia has minimal
      Reuters  -  263 words
    • Article
      Lock icon China adapting Fed swaps as power tool
      833 27 PBOC makes deals in Europe, Asia and the Americas to boost global role of renminbi Bloomberg London JUST like television, iPhone and American flags, central-bank international currency swaps are a US creation now made in China though only the swaps serve as a
      Bloomberg  -  833 words
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      Lock icon Anger against water tax shakes up Ireland
      587 27 AFP Dublin MASS protests against new water taxes set to be introduced in Ireland from Jan 1 have shown up deep wells of resentment after years of austerity, even as the economy rebounds. Unease about the charges, agreed as a condition for Ireland’s
      AFP; PHOTO: AFP  -  587 words
    • Article
      Lock icon Anti-terror police arrest 2 in Sydney a week after cafe siege
      222 28 Reuters Sydney AUSTRALIAN counter-terrorism police said on Wednesday that they had arrested two men in Sydney, eight days after a 16-hour siege in a central city cafe ended with the deaths of two hostages and a gunman with radical
      Reuters  -  222 words
    • Article
      Lock icon Americans expect pay rise as economy grows
      431 28 They’re eyeing a 1.7% jump in 2015 income, the biggest since 2008 Bloomberg New York A SURGE of positive news on the US economy has left Americans with the impression that it is about time for a raise. The Thomson Reuters/University of Michigan
      Bloomberg  -  431 words
    • Article, Illustration
      Lock icon Fresh G-7 currency accord possible: Trichet
      600 28 Bloomberg Paris FORMER European Central Bank president Jean-Claude Trichet said there is a “window of opportunity” for the world’s advanced economies to strike a fresh accord against competitive devaluations. “Almost everyone seems to be saying, ‘taking everything into account, if my currency goes down
      Bloomberg  -  600 words
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      Lock icon Wait gets longer for India investors expecting change from Modi
      833 29 He’s struggled to use lower-house majority to pass legislation, latest being the insurance bill Bloomberg Reuters New Delhi THE wait just got longer for investors who expected sweeping moves to bolster India’s economy after Prime Minister Narendra Modi’s landslide election
      Bloomberg; Reuters; PHOTO: AFP  -  833 words
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      Lock icon Mitani’s exit means sayonara to old fund management style
      1194 30 New era for Japan’s Government Pension Investment Fund, with major overhaul under Abenomics Bloomberg Tokyo WHEN Takahiro Mitani’s term as head of the world’s largest retirement fund ends in March, so too will the old era of Japanese pension management. The
      Bloomberg; PHOTO: BLOOMBERG  -  1,194 words
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      Lock icon Page 28 Advertisements Column 1
      37 28 www.omy.sg IK'ltll Cast and director of Night At The Museum 3 Magic never ends for Robin Williams -i.UM •rill 16 r ra Scan And Read j showbiz.omy.sg Download omy Apps o 0R0 omy Showbiz iOSAppStore Google Play
      37 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Strong profit to boost wage hikes: American
      508 31 Flight attendants to get 4 percentage points more on top of raises averaging 10 per cent Reuters New York AMERICAN Airlines Group Inc said on Tuesday that it plans to pay flight attendants an additional four percentage points on top of raises already
      Reuters; PHOTO: BLOOMBERG  -  508 words
    • Article, Illustration
      Lock icon Over 2,500 pre-X’mas flights in the US delayed by fog
      400 31 Bloomberg Chicago FOG disrupted US pre-Christmas travel with more than 2,500 delays at airports including New York’s LaGuardia, where two planes clipped each other while taxiing. American Airlines Flight 1104 was rolling to its gate after arriving from Dallas when
      Bloomberg; PHOTO: REUTERS  -  400 words
    • Article
      Lock icon US airlines rush to cover costly hedges
      697 32 Falling oil prices leave them with billions of dollars in losses due to ‘costless collar’ plans Reuters New York SOME major US airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices
      Reuters  -  697 words
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      Lock icon Los Angeles, Long Beach ports act to reduce cargo pile-ups
      502 32 Bloomberg Los Angeles SOUTHERN California’s largest ports, Los Angeles and Long Beach, which handle 40 per cent of US imports, are taking steps to reduce cargo congestion that has slowed the delivery of goods across the country. The effort comes
      Bloomberg; PHOTO: REUTERS  -  502 words
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  • Article
    Lock icon Shipping Times
    1004 33 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAMERLANE FF501 19/12 23/12 25/12 28/12 01/01 08/01 TYSLA FF502 23/12 27/12 29/12 01/01 06/01 13/01 TALISMAN FF505 15/01 19/01
    1,004 words
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  • OPINION
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      Lock icon We’ll drink to that, and here’s why
      986 34 / 35  -  Wine, more than any other beverage, is intimately connected to celebration and worship. By Robert Fuller By Robert Fuller ~The writer is professor of philosophy and religious studies at Bradley University, US The Conversation IN A letter to the Abbe Morellet in 1779,
      The Conversation; PHOTO: AFP  -  986 words
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      Lock icon Bitcoin beats hryvnia, rouble as the worst currency
      732 34 / 35  -  By Mark Gilbert Bloomberg View IT HAS been a bad year for the Russian rouble and a terrible 12 months for the Ukrainian hryvnia. But it has been a catastrophic 2014 for bitcoin, the virtual currency. While acknowledging that my currency forecasting
      Bloomberg View; PHOTO: REUTERS  -  732 words
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  • LIFE & CULTURE
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      Lock icon Paris dresses up its windows for the season
      813 36 Fantastically staged displays bring the holiday spirit and shoppers to the city’s storied department stores NYT Paris CROUCHED precariously amid cascades of fishing line, behind a drum kit dusted w i t h i r id escen t ar t ifi c
      NYT; PHOTO: NYT  -  813 words
  • Page 36 Miscellaneous
    • Miscellaneous
      Lock icon Page 36 Miscellaneous Column 1
      358 36 CRYPTIC CROSSWORD Across 1 Extra dishes will offer this bit of salad (6) 4 Europeans only half like a saint surprisingly (8) 10 Fish provided by a chap, the only supplier (4,5) 11 Corpulent American gangster causing death (5) 12 Bread is thrown out for e.g. gull (7) 13 Maybe
      358 words