The Business Times, 6 January 2015

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Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    29 1 THE BUSINESS TIMES S$1.00 Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg O ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Tu January 6 5
    29 words
  • DAILY DIGEST
    • Article
      Lock icon The key three-month Sibor
      55 1 or Singapore interbank offered rate, jumped on Monday by 26 per cent or 0.***** points to 0.***** per cent from last Friday’s 0.***** per cent as the Singapore dollar fell further, dragged down by the tumbling euro. New liquidity rules may also have driven the interest
      55 words
    • Article, Illustration
      Lock icon Chief Justice Sundaresh Menon
      38 1 has urged Singapore’s legal profession to remain open to the region and the world if it is to build a world-class legal infrastructure, even as it continues to serve the people. TOP STORIES 2
      38 words
    • Article
      Lock icon Demand for office space
      43 1 in top Asian cities shows no sign of abating. A list of the world’s priciest office markets is dominated by Asian cities including Hong Kong, Beijing, Shanghai, Tokyo and New Delhi, according to property consultancy CBRE. TOP STORIES 3
      43 words
    • Article
      Lock icon UOB is upbeat on equities
      61 1 for this quarter, with a preference for the US market, given the strengthening greenback and volatile crude prices. In 2014, the US dollar surged by over 10 per cent on an exchange-weighted basis. UOB is confident the appreciation trend will persist this year on the
      61 words
    • Article
      Lock icon Mid-cap stocks
      31 1 on the Singapore Exchange had a less-than-stellar showing last year, generating a total return of 8.4 per cent compared to the Straits Times Index’s 9.5 per cent.COMPANIES MARKETS 5
      31 words
    • Article
      Lock icon 3D printing
      34 1 will revolutionise war and foreign policy, say experts, not only by making possible incredible new designs but by turning the defence industry and possibly the entire global economy on its head. TECHNOLOGY/15
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  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 3,328.28 -42.31 KL COMP 1,736.62 -16.15 NIKKEI 225 17,408.71 -42.06 HANG SENG 23,721.32 -136.50 SHENZHEN B 1,050.47 +21.66 DOW (11am EST) 17,600.16 -232.83
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  • Article, Illustration
    Lock icon December PMI casts gloom over Singapore manufacturing outlook
    719 1  -  The overall PMI reading of 49.6 for December, down from 51.8 in November, is worse than expected By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore SINGAPORE’S first manufacturing data point this new year was bad news for the sector. Falling to its lowest
    Source: Singapore Institute of Purchasing & Materials Management  -  719 words
  • Article
    Lock icon Tight labour market to get even tighter
    1003 1  -  The timing could hardly be worse. Events lined up to mark Singapore’s jubilee will create more job vacancies OUTLOOK 2015: MANPOWER By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SOME economists are predicting that the clarion call to labour-starved bosses to be more productive
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      217 1 *****4 WORLD'S FIRST 3D FOOT SCANNER Getting off on the right foot SME /24 HIGHEST YIELDING Reits returned 13% in 2014, beating STI COMPANIES MARKETS 7 GREAT EXPECTATIONS Attractions here vie for local visitors CUSTOMER SATISFACTION INDEX 10 11 Exclusively available at: CO N cv co s o> TUDOR HERITAGE
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  • TOP STORIES
    • Article, Illustration
      Lock icon Three-month Sibor jumps on further weakness of Singapore dollar
      564 2  -  Economist says the key interest rate could also be impacted by new rules on bank liquidity By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE key three-month Sibor or Singapore interbank offered rate jumped on Monday by 26 per cent or 0.*****
      Source: Bloomberg  -  564 words
    • Article, Illustration
      Lock icon Euro lowest since 2006 on worries over Greece exit, ECB plans
      777 2 BLOOMBERG New York THE EURO weakened to an almost nine-year low versus the dollar amid investor concern Greece might leave the currency union and on speculation the European Central Bank has moved closer to large-scale sover-eign-bond purchases. A gauge
      BLOOMBERG; PHOTO: REUTERS  -  777 words
    • Article, Illustration
      Lock icon CJ calls on legal fraternity to be open to global community
      877 2  -  NEW LEGAL YEAR By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore CHIEF Justice Sundaresh Menon has urged the Singapore legal profession to remain open to the region and the world if it is to build a world-class legal infrastructure, even as
      PHOTO: NEO XIAOBIN/ THE STRAITS TIMES  -  877 words
    • Article
      Lock icon International judges take up their SICC posts
      71 2 THE 11 newly-appointed international judges of the Singapore International Commercial Court assumed their roles from Monday. They will hear transnational commercial cases over a three-year term. They are: ICarolyn Berger (US) IPatricia Bergin (Australia) IRoger Giles (Australia) IIrmgard Griss (Austria) IDominique Hascher (France)
      71 words
    • Article
      Lock icon Asia dominates list of most expensive office markets
      851 3  -  Singapore registers 14.6% year-on-year rise in occupancy costs in Q3, 2014 to US$112.91 psf per year By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AS ECONOMIES in Asia continue to outperform their western counterparts, demand for office space in top Asian cities has shown
      851 words
    • Article
      Lock icon Indonesia suspends aviation officials; 3 more bodies recovered
      591 3 AIRASIA CRASH AFP Pangkalan Bun, Indonesia INDONESIA on Monday ordered the suspension of aviation officials as it investigates the crash of AirAsia Flight 8501, also promising action against any domestic airlines violating their flying permits. The crackdown came as a major search
      AFP  -  591 words
    • Article, Illustration
      Lock icon Japan seeks to stop hollowing out of its rural economies
      755 4  -  Abe Cabinet approves fiscal package of 3.5t yen, including 600b yen for regional revitalisation By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN Prime Minister Shinzo Abe entered the new year resolved to get the world’s third-largest economy moving forward again through bolder
      PHOTO: REUTERS  -  755 words
    • Article
      Lock icon EasyVan gets US$10m boost in race to be top Asia logistics app
      549 4  -  The Series A funding is led by a China-based venture capital firm that is joined by a host of angel investors STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE young but buoyant delivery van-booking app scene in Asia
      549 words
    • Article
      Lock icon Unilever on the hunt for Singapore startups to mentor and partner
      452 4  -  It will focus on startups in digital marketing and e-commerce, among a few areas By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore CONSUMER goods corporation Unilever will soon throw open a window to Singapore entrepreneurs to develop their business ideas.
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      Lock icon Page 3 Advertisements Column 1
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      Lock icon Page 4 Advertisements Column 1
      70 4 12th edition 19 22 March 2015 Singapore EXPO Hall 6 11am 10pm Daily Participate in Singapore’s MEGA Food Beverage Fair Sell local international food products to over 250,000 visitors during the March school holiday period! Book Your Space NOW! *Limited Booths Available! For more information, call *****620 or email to
      70 words
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      Lock icon Page 4 Advertisements Column 2
      57 4 R'feSi m^anmar Incorporating: Myanmar retail Urban and City Planning Conference 2015 Real Estate Show Myanmar 2015 29 June -1 July 2015 Yangon, Myanmar I n Your gateway to trends and investment opportunities in Myanmar's real estate Contact Jason at +65 6848 6051 or email jason@sphereconferences.com to find out about sponsorship
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      Lock icon Page 4 Advertisements Column 3
      31 4 2 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars?
      31 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon UOB most upbeat about US equities market
      644 5  -  It expects America, as a consumer-focused market, to benefit from the decline in oil prices and the stronger USD MARKET VIEWS By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore GIVEN the strengthening US dollar and volatile crude prices, United Overseas Bank is most upbeat
      Source: UOB Asset Management  -  644 words
    • Article
      Lock icon Mid-cap stocks deliver 8.4% in total returns last year
      493 5  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore MID-CAP stocks on the Singapore Exchange (SGX) had a less-than-stellar showing last year, generating a total return of 8.4 per cent, compared to the Straits Times Index (STI)’s 9.5 per cent. But seven of the
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    • Article
      Lock icon Yangzijiang bags 13 contracts in Q4
      316 6  -  But the new orders represent a marked decline from those secured in earlier quarters of 2014 NEW ORDERS By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore MAINBOARD-listed Yangzijiang Shipbuilding announced on Monday that it has clinched 13 new shipbuilding orders in the fourth quarter of
      316 words
    • Article
      Lock icon Marco Polo Marine bags deals worth over US$46m
      361 6  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore MARCO Polo Marine (Marco Polo) on Monday announced that it has secured multiple multi-year contracts since November 2014 amounting to more than US$46 million. These contracts are representative across time and bare-boat charter arrangements with contracts
      361 words
    • Article
      Lock icon Dyna-Mac wins S$89m deal from BW Offshore
      193 6  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore DYNA-MAC Holdings said on Monday that it has secured a contract worth a preliminary estimate of S$89 million from Oslo-listed BW Offshore, which provides floating production services to the oil and gas industry. Under the contract,
      193 words
    • Article
      Lock icon Vard unit secures 100m kroner deal
      86 6 Singapore VARD Holdings has secured a large equipment contract for a vessel under construction at Fincantieri SpA, through its specialised subsidiary Seaonics. The new deal is the largest to date for Norway-based Seaonics, which manufactures offshore handling equipment to improve critical lift and handling
      86 words
    • Article
      Lock icon MIT clinches S$10.5m solar order
      182 6  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore MANUFACTURING Integration Technology (MIT) has secured a solar equipment order worth S$10.5 million, its single largest order since entering the renewable energy business in 2009. The company, a provider of automation solutions to the semiconductor industry, will deliver
      182 words
    • Article
      Lock icon Tiger Airways rights issue fully subscribed
      304 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore TIGER Airways has completed its rights issue, which was fully subscribed, raising some S$230 million. Meanwhile, Singapore Airlines’ (SIA) stake in Tiger remains at 55.8 per cent following the rights issue. Major shareholder SIA had initially said it
      304 words
    • Article
      Lock icon Reits returned 13% in 2014, beating STI
      750 7  -  Fortune Reit, Suntec Reit, CapitaRetail China Trust, First Reit also outperform other Reits By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FORTUNE Reit, Suntec Reit, CapitaRetail China Trust, CapitaCommercial Trust and First Reit outperformed other real estate investment trusts (Reits) last year, according to data
      750 words
    • Article
      Lock icon HKEx jumps on China backing for HK-Shenzhen stock link
      298 7 BLOOMBERG Hong Kong HONG Kong Exchanges Clearing Ltd jumped the most in a month after a report that Chinese Premier Li Keqiang said a stock link with Shenzhen should be established. The new exchange programme should follow the Hong Kong-Shang-hai connect
      BLOOMBERG  -  298 words
    • Article
      Lock icon Global bond yields reaching record low of 1.29% as euro plunges
      646 7 BLOOMBERG Singapore A GAUGE of global bond yields approached the all-time low of 1.29 per cent as investors sought the safety of debt while the euro tumbled. Bonds in the Bank of America Merrill Lynch Global Broad Market Sovereign
      BLOOMBERG  -  646 words
    • Article, Illustration
      Lock icon STI / Catalist
      62 8 STI Catalist Straits Times index Jan 5,2015 3,328.28 -42.31 (-1.26%) Current streak 1 day Day high 3,369.05 Day low 3,319.72 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5,2014) FTSE ST Catalist index Jan 5,2015 751.31 +1.36 (+0.18%) Current streak 2 days Day high 752.08 Day low 746.38
      62 words
    • Article, Illustration
      Lock icon Selloff in banks sends STI down 1.3%
      632 8  -  Hedge funds which pushed the sector up last month to window-dress their performance appear to have cashed out TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT IT was the banks that supported the Straits Times Index for most of 2014 and so it shouldn’t come
      Source: Bloomberg  -  632 words
    • Article
      Lock icon STI STOCKS
      305 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 241 +1 243/240 250 206 5.9 6093.3 CapitaLand 326 -4 329/324 348 268 16.3 2.5 ***** CapitaMall Trust 205 +1 205/201 209 180 5 7110 CityDev 1009 -21 1033/1005 1118 860 13.7
      305 words
    • Article
      Lock icon MOST ACTIVE
      36 8 VOLUME IHC 83,424,000 China Env 79,018,000 SIIC Environment 56,589,000 Magnus Energy 54,017,000 OLS Enterprise 44,668,000 Market volume 1,437,157,000 VALUE DBS Grp 78,805,690 UOB 48,673,745 SingTel 47,492,410 CapitaLand 40,558,500 Keppel Corp 37,514,380 Market value 854,901,000
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    • Article
      Lock icon SGX ETFs
      109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 231 +11 542 233/220 233/140 231/232 72.2 STI ETF 337 -4 165 341/336 343/298 337/338 DBXT CSI300 US$ US1026 +15 81 1028/999 1028/613 1021/1024 Nikko AM STI ETF 338 xd -4 80 342/338 422/300
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 5 VALUE CLOSE BT OB/OS 375.00 -120.00 BT CADI -*****.00 -81.00 BT 10-day MA -*****.00 +37.00 FTSE ST Mid Cap 751.66 -0.57 FTSE ST Small Cap 499.53 +0.94 FTSE ST All Share 799.53 -7.88 FTSE ST China Top 191.70 +1.78 FTSE ST China 224.48 -0.10 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Jan 5,2015 799.53 -7.88 (-0.98%) Current streak 1 day Day high 806.90 Day low 797.60 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index Jan 2,2015 1,762.42 -12.49 (-0.70%) Current streak 1 day Day high 1,776.87 Day low 1,758.85 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 6 0 0 0 3 7 6 Manufacturing 40 48 34 8 10 6 48 58 40 Commerce 13 21 26 4 6 5 17 27 31 Tpt/Stor/Comms 11 16 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,166 13,166 57,753 57,753 Manufacturing 225,632 34,457 260,089 108,078 5,042 113,120 Commerce 63,886 33,933 97,819 53,725 1,198 54,923 Tpt/Stor/Comms 68,344 610 68,954 107,025 232 107,257 Finance 23,136 209 23,345 181,163 43 181,206 Construction 50,010 11,039
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    • Article
      Lock icon GAINERS
      76 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 100.2 0.7 *****/***** DBXT MSCHINA US$ 1390 60.1 3.3 1401/1119 CMProp HKD 1500 51.7 25.0 1500/802 Lyxor AsiaRE US$ 960 28.0 2.2 1008/839 DBXT S&P Short US$ 2235 24.0 0.8 2752/2197 BY PERCENTAGE CLOSE UP 52w high/low ISDN W*****0 2
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -275.1 -1.0 *****/***** DBXT MSEurope US$ 5510 -192.3 -2.5 6492/5366 Jardie C&C 4082 -100.0 -2.4 4901/3330 DBXT MSKorea US$ 5515 -89.5 -1.2 6735/5484 SPDR DJIA US$ ***** -82.8 -0.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Acma Ltd W*****7
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 8 VOL CLOSE($) CHANGE CMProp HKD 3.0 15.000 +3.000 +25.00 3Cnergy 2.0 0.255 -0.075 -22.73 Yong Xin Intl^ 138.0 0.018 -0.018 -50.00 China Env 79,018.0 0.190 +0.037 +24.18 Great Group 300.0 0.033 -0.005 -13.16 Tritech 34,437.0 0.172 +0.022 +14.67 Allied Tech^ 434.0 0.031 +0.003 +10.71 LifeBrandz 15,700.0 0.005 +0.001
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    • BROKERS’ TAKE
      • Article
        Lock icon Sector: Singapore banks
        266 8 Overweight Maybank Kim Eng Research, Jan 5 We sense mounting concerns over potential loan defaults by foreigners who had snapped up Singapore properties from 2005 to 2011. More luxury homes sold at losses in Sentosa and Orchard, foreigners’ favourite enclaves, have been making the news. The holding
        266 words
      • Article
        Lock icon Giken Sakata (S)
        248 8  -  Compiled by Kenneth Lim Buy Jan 5 close: S$0.255 Target price: S$0.65 dmg Partners, Jan 5 Giken is in a favourable position as its oil sale price is fixed till about October (likely to remain unchanged thereafter). Maintain “buy” and DCF-based (discounted cash flow) S$0.65 target price
        248 words
    • Article
      Lock icon Rupiah, ringgit the biggest losers against US$
      405 9 TT CURRENCIES Singapore THE Indonesian rupiah and Malaysian ringgit lost the most against the US dollar on Monday as Asian markets reacted afresh to falling oil prices, a weakening euro and a broad aversion to risky trades, with some markets such as China’s
      405 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.950 5.005 0.673 6.245 51.013 101.644 0.969 8.940 2.849 1.054 81.142 36.238 1.075 9.444 0.809 25.754 26.568 0.526 0.805 Canada 1.053 5.270
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jan 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0749 1.0753 0.8050 0.8052 Canadian dollar 1.1317 1.1323 0.8478 0.8475 Euro 1.5965 1.5971 1.1956 1.1959 NZ dollar 1.0199 1.0207 0.7638 0.7643 Sterling pound 2.0425 2.0432 1.5296 1.5299
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jan 5 S$ Bid Offer 1-month 1.3363 1.3368 2-months 1.3371 1.3379 3-months 1.3374 1.3377 6-months 1.3389 1.3398 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        207 9 Most active Jan 5 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 4.1 unch 6705 1 18 21 DBS MB eCW*****2 11.1 -2.7 5400 0.1 0 5 Singapore ExchangeMBeCW*****3 12.2 -0.8 3520 0.2 790 7 KepCorp
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Jan 2 Index Change Change Change Change Change Change World Preliminary 1272.8 -0.2 -0.2 -0.2 -0.2 -0.5 -0.5 EAFE Preliminary 986.5 0.0 0.0 -0.4 -0.4 -0.7 -0.7 Europe Preliminary 1379.9 -0.1 -0.1
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        362 9 Jan 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.68 *****.92 *****.22 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****0 Jun15 *****.00 0 3191 MSCI TAIWAN INDEX FUTURES SPOT 341.85 341.85 337.99 Jan15 341.00 341.70 337.10 341.10 1043 *****2 Feb15 339.80 339.80 339.00 341.10
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jan 5 $S Offer Bid 0vernight 0.30 0.20 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6872 0.5625 Overnight mode: 0.30 US$ Offer Bid 7 days 0.17 0.07 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 9 Jan 5 (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
        69 9 Jan 5 Jan 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.01 5-Year N*****0H 1.625 01-Oct-19 99.87 100.00 99.95 10-Year NY*****H 3.000 01-Sep-24 105.91 106.30 105.90 15-Year NY*****E 2.875 01-Jul-29 102.88 103.00 102.70 20-Year NZ*****V 3.375 01-Sep-33 108.45
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jan-2 Price Net change change Last Trade Agricultural Jan-2 CBOT Soybeans (US cents/bu) 1002.50 -16.75 -1.64% 14/01/2015 CBOT Soybean Oil (US cents/lb) 31.95 -0.02 -0.06% 14/01/2015 CBOT Wheat (US cents/bu) 581.25 -8.50 -1.44% 13/03/2014 Jan-2 LIFFE Cocoa (£/tonne) 1987.00 7.00 0.35% 16/03/2015 LIFFE Coffee (US$/tonne) 1838.00 -55.00 -2.91%
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
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      273 words
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      Lock icon Page 5 Advertisements Column 2
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      94 words
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      1774 7 ENVICTUS INTERNATIONAL HOLDINGS LIMITED (formerly known as Etika International Holdings Limited) Company Registration No: *****3131Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Envictus International Holdings Limited will be held at Crystal Suite, Level 2, Holiday Inn
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  • CUSTOMER SATISFACTION INDEX
    • Article, Illustration
      Lock icon Attractions here vie for local visitors
      942 10  -  But Customer Satisfaction Index of Singapore shows local satisfaction for attractions on average fell 6.6% from a year ago. BY CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT THE faltering number of tourist arrivals in Singapore has sent attraction businesses here scrambling to capture a larger slice
      PHOTO: KIDZANIA SINGAPORE; Source: Customer Satisfaction Index of Singapore (CSISG)  -  942 words
    • Article, Illustration
      Lock icon Restaurants and hotels fall short on satisfying tourists
      883 10  -  They rate restaurants and hotels differently from locals, ISES findings show By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT VISITORS to Singapore were far less satisfied with its food and tourism offerings in 2014 than they were a year earlier. And if businesses want
      Source: Institute of Service Excellence at Singapore Management University (ISES); PHOTO: FREEIMAGES  -  883 words
    • Article, Illustration
      Lock icon Keeping customers satisfied as the labour crunch bites
      994 11  -  Latest Customer Satisfaction Index of Singapore shows 6.5% fall in F&B sector’s score and 7.3% drop in tourism sector’s score. BY TEH SHI NING BY TEH SHI NING FIVE years since the government first rolled out measures to slow the inflow of
      Source: Customer Satisfaction Index of Singapore (CSISG)  -  994 words
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      Lock icon McDonald’s tops the fast-food field with record score
      801 11  -  The key, says its Singapore MD, lies in understanding changing customer preference to provide better service By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT “Our business is never just about providing quick meals. It’s always been about you your tastes, your lifestyle, your choices.
      801 words
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      116 11 ISES CORPORATE MEMBERSHIP AN AFFILIATION TO SERVICE EXCELLENCE The ISES Corporate Membership Programme brings together a selected network of Singapore's leading companies measured in the CSISG National Study. Membership entitles your organisation the benefits of collaboration on the CSISG national study and survey design together with the Institute of Service
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Abenomics benefits less extensive outside Tokyo
      731 12 Rents in November for prime office space continue to rise in Tokyo, remain flat in Osaka, and drop in all other major cities OFFICE MARKET REUTERS Osaka AN economic rebound and loose money policy under Prime Minister Shinzo Abe has briefly halted a long
      REUTERS; PHOTO: REUTERS  -  731 words
    • Article
      Lock icon Jump in US Q4 office occupancy at 7-year high
      478 12 BLOOMBERG Los Angeles OFFICE landlords in the US ended last year with the biggest gain in occupancies since 2007, signalling a pick-up in momentum for the sluggish recovery since the last recession. Occupied office space increased by a net 10.97 million
      BLOOMBERG  -  478 words
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      Lock icon Contracted sales at Greenland Group up 50% in 2014
      179 12 China property developer to increase non-property investments this year REUTERS Hong Kong CHINA’S state-backed property developer Greenland Group said its 2014 contracted sales rose 50 per cent from a year earlier, including overseas sales that surged nearly five-fold. It also said
      REUTERS  -  179 words
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      549 12 TECK CHYE TERRACE (Upper Serangoon Rd) Auction Sale 22 January 2015, Thursday For Enquiries, Please Call: Annie Chan 9237 5332 CEA Reg. No. R*****4B 5 adjoining units of 2-storey shophouses Land area: approx. 7,861 sq ft Freehold Zoned "Residential" with Plot Ratio of 3 1st storey approved for shop usage
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon 2014 a banner year for IPOs with nearly US$250b raised worldwide
      1312 13 Technology and financial sectors make up more than a third of all offerings through IPOs NYT New York AFTER months of hype and breathless anticipation, the Alibaba Group China’s answer to eBay and Amazon raised US$25 billion in its
      NYT; PHOTO: REUTERS  -  1,312 words
    • Article
      Lock icon Big jump in vacancies for finance jobs in London
      243 13 BLOOMBERG London JOB vacancies at London’s financial-ser-vices companies jumped 18 per cent in 2014 as firms accelerated hiring in the fourth quarter, according to a recruiter that tracks the industry. The number of job openings in the Canary Wharf and City
      BLOOMBERG  -  243 words
    • Article
      Lock icon China’s Tencent launches private online bank: report
      293 13 AFP Shanghai CHINESE Internet giant Tencent, operator of the popular messaging app WeChat, has launched an online bank, a state-backed newspaper said on Monday, as the government seeks to foster private lenders. The online bank, called WeBank, will be fully Internet-based with no
      AFP  -  293 words
    • Article
      Lock icon Taiwan insurer buys stake in Indonesian bank
      329 13 REUTERS Taipei A UNIT of Cathay Financial Holding Co Ltd has agreed to buy a 40 per cent stake in Indonesia’s Bank Mayapada Internasional Tbk PT for US$278 million, in the Taiwanese group’s third overseas deal in the past six months. The purchase
      REUTERS  -  329 words
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      1232 13 Will S-chips continue to rise amid active trading trading o To subscribe, call 6388-3838 or go to sphsubscription.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 BLACKSTONE FAMILY INVESTMENT PARTNERSHIP (SINGAPORE) VI-ESC FII PTE. LTD. (Incorporated in Singapore) (Co. Reg. No: *****2733M) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General
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  • ENERGY & COMMODITIES
    • Article
      Lock icon China set to open up trading in commodity futures
      800 14 Securities regulatory body issues draft guidelines that cover an increasing number of futures contracts open to foreign investors REUTERS AFP Shanghai CHINA has published draft rules to allow foreign investors to trade in some of the country’s commodities futures, potentially paving
      REUTERS; AFP  -  800 words
    • Article
      Lock icon Saudi Arabia seen giving smaller oil discounts to Asia
      627 14 OIL SLUMP BLOOMBERG Singapore SAUDI Arabia will probably offer smaller discounts to ship crude to Asia amid speculation that demand will increase after benchmark prices dropped almost 50 per cent last year. The world’s biggest oil exporter will announce February official
      BLOOMBERG  -  627 words
    • Article
      Lock icon Falling oil prices may pose threat for Britain’s AIM listings
      346 14 REUTERS London SLUMPING oil prices could curb new equity listings on Britain’s Alternative Investment Market, where many small oil and gas explorers have traditionally sought financing, according to AIM-focused accountancy firm UHY Hacker Young. Last year the value of initial
      REUTERS  -  346 words
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      Lock icon Canada grain family betting on oil rebound
      594 14 BLOOMBERG Winnipeg A DECADE after expanding its grain business during a slump in prices, the Richardson family of Winnipeg, one of the richest in Canada, is making a similar bet on oil. With crude futures collapsing to the lowest in five years, the
      BLOOMBERG; PHOTO: BLOOMBERG  -  594 words
    • Article
      Lock icon Malaysian palm oil output faces fresh risk of monsoon surge
      334 14 BLOOMBERG Kuala Lumpur A MONSOON surge that brought the worst floods in decades to Malaysia, hurting palm oil output in the second-largest grower, is forecast to move south this week, risking further inundations in Johor and Sarawak. Heavy rains will
      BLOOMBERG  -  334 words
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      41 14 NOTICE TO TRADE CHENNAI PORT ADDITIONAL Arising from substantial port cost increases to vessels calling Chennai effective from 1st January 2015, a recovery charge of US$35.00/TEU will be implemented on all sailings from 15 January 2015. Date: 6 January 2015 BengalTigerLineLtd
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  • TECHNOLOGY
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      Lock icon 3D printing set to shake up defence sector, foreign policy
      835 15 US military already investing heavily in efforts to print uniforms, synthetic skin to treat battle wounds, and even food AFP Paris 3D printing will revolutionise war and foreign policy, say experts, not only by making possible incredible new designs but
      AFP; PHOTO: REUTERS  -  835 words
    • Article, Illustration
      Lock icon “Internet of Me” major theme at CES tech fair in Vegas
      691 15 AFP Las Vegas NEW technology is getting more personal. So personal, it is moving to connect and analyse our movements, our health, our brains and our everyday devices. Welcome to the so-called Internet of Me. One of the major
      AFP; PHOTO: REUTERS  -  691 words
    • Article
      Lock icon Hard to forecast 2015 global tech spending
      210 15 AFP Las Vegas THE outlook for global technology spending is uncertain after nearly flat growth in the past year, with turbulent economic conditions making a forecast difficult, an industry gathering was told. At the media preview for the massive International Consumer Electronics Show
      AFP  -  210 words
    • Article
      Lock icon Microsoft, Nintendo challenge Sony’s lead in game consoles
      695 15 NYT Seattle NOT so fast, Sony. Your two biggest rivals in the game console business, Microsoft and Nintendo, are showing signs of life. After the last holiday season, when competitors made a series of missteps, Sony looked as if it might gain
      NYT  -  695 words
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      38 15 Samudera Shipping Line Ltd. NOTICE TO TRADE CHENNAI ADDITIONAL USD30.00/TEU In view of the recent port tariff increases, a Chennai Port Cost Recovery Charge will apply on vessel sailings effective 1 2 January 2015. Date: 6 January 2015
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      769 15 IN THE MATTER OF THE IN THE MATTER OF THE IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASPEN OIL BROKING (SINGAPORE) PTE. LTD. (Registration No. *****2621Z) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE OF RESOLUTIONS (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of
      769 words
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  • CONSUMER
    • Article
      Lock icon Free delivery a high cost for US retailers
      884 16 They have little choice but to adapt as e-commerce is growing quickly REUTERS San Francisco For top US retailers, free delivery is now the norm. That is good news for shoppers, but not so much for investors. During the just-ended holiday season,
      REUTERS  -  884 words
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      Lock icon Bangladesh’s smaller garment factories hit hard by cost of safety overhaul
      806 16 REUTERS Dhaka UNDAUNTED by a run of horrific factory accidents that have hit Bangladesh’s garments industry, two entrepreneurs bought Adorn Knitwear Ltd earlier this year. It is a small business not far from the rubble of Rana Plaza, a
      REUTERS; PHOTO: REUTERS  -  806 words
    • Article
      Lock icon Analysts split over Macau casinos’ prospects in 2015
      802 16 Conflicting signals muddling outlook for this year BLOOMBERG Hong Kong WHILE analysts last year correctly forecast Macau casinos would suffer a first-ever revenue drop, prospects for 2015 are looking as uncertain as a coin toss. Analysts surveyed by Bloomberg News were evenly
      BLOOMBERG  -  802 words
    • Article
      Lock icon UK’s John Lewis enjoys 4.8% Christmas sales rise
      347 16 REUTERS London SALES at Britain’s biggest department store group John Lewis rose nearly 5 per cent in the five weeks to Dec 27, driven by the “Black Friday” frenzy at the start of the period and by last-minute Christmas gift-buying at the
      REUTERS  -  347 words
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      42 16 CHENNAI PORT ADDITIONAL NOTICE As a result of huge tariff increases on vessels calling Chennai effective 1st January 2015, a “Chennai Port Additional” of US$32.00 per TEU will be implemented on all sailings from 10 January 2015. Date: 6 January 2015 SimatechShippingPteLtd
      42 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Samaras faces Greek voters sceptical of euro-exit warnings
      956 18 investors, meanwhile, are selling Greek bonds, down 7.4% in the last month, and stocks, down by 22% BLOOMBERG Athens FRANCES Moschou, who supported Greek Prime Minister Antonis Samaras in national elections in 2012, may now represent a bad omen for him as
      BLOOMBERG; PHOTO: BLOOMBERG  -  956 words
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      Lock icon Inflation data may tip the scales in favour of large-scale ECB bond buys
      921 18 BLOOMBERG Zurich MARIO Draghi will this week get his first taste of one of the dominant challenges for the euro-area economy for 2015. Consumer prices probably recorded the first annual decline in more than five years in
      BLOOMBERG; PHOTO: BLOOMBERG  -  921 words
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      Lock icon France must exceed 1% growth to halt rise in joblessness: Hollande
      293 18 BLOOMBERG Paris PRESIDENT Francois Hollande said France must exceed one per cent economic growth to halt the rise in unemployment, a policy goal to which he has pinned his political future. Mr Hollande, who failed to revive the French
      BLOOMBERG  -  293 words
    • Article
      Lock icon Greek euro exit too costly, warns Merkel coalition member
      547 18 Germany will face biggest loss on European financial aid extended to Greece BLOOMBERG Berlin A GREEK exit from the euro area would have “incalculable” consequences and leave Germany facing the biggest loss on European financial aid extended to Greece, a lawmaker
      BLOOMBERG  -  547 words
    • Article
      Lock icon UK firms plan to raise investment despite election risk
      421 18 REUTERS London MAJOR British businesses plan to step up investment this year despite seeing increased risks from May’s general election and a softer economic outlook, a survey by accountants Deloitte showed on Monday. Deloitte said firms planned to raise investment by
      REUTERS  -  421 words
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      Lock icon Jakarta to double infrastructure, transport budgets on fuel gain
      533 19 Sixty per cent of the 230 trillion rupiah saved from fuel subsidy change will be spent on infrastructure BLOOMBERG Jakarta INDONESIA will save about US$18 billion from the biggest overhaul of its decades-old fuel subsidy system, allowing the government to double
      BLOOMBERG; PHOTO: REUTERS  -  533 words
    • Article
      Lock icon Malaysia state investor 1MDB’s CEO quits as US$3b IPO looms: sources
      357 19 He is to be replaced by Arul Kandasamy of Abu Dhabi Commercial Bank, says Malaysian Insider REUTERS Kuala Lumpur THE chief executive of debt-ridden Malaysian state investor 1 Malaysia Development Bhd (1MDB) has resigned less than two years after
      REUTERS  -  357 words
    • Article
      Lock icon Beijing’s dangerous smog down 4% in 2014
      430 19 Capital had 93 days of “excellent air quality”: government bureau AFP Beijing AIR pollution in Beijing dropped slightly last year, municipal authorities said, although levels of the most dangerous small particulate matter remained more than three times the internationally recommended limit. China’s cities
      AFP  -  430 words
    • Article
      Lock icon Top Columbia economist set to run Modi’s policy panel
      491 19 Dr Arvind Panagariya is expected to modernise economic strategy after years of central planning REUTERS New Delhi EMINENT free market economist Arvind Panagariya has been appointed to run Indian Prime Minister Narendra Modi’s new Policy Commission, set up to modernise economic
      REUTERS  -  491 words
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      89 19 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE THE PITFALLS OF PIC: How to make full use of the Productivity and Innovation Credit scheme. GOOD DEEDS: Making a profit responsibly through CSR. ASSET MANAGEMENT: Discover OrangeTee.com’s secret to long-term sustainable success.
      89 words
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  • OPINION
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      Lock icon Canberra should get tougher on corporate tax avoidance
      580 20 IT is strange that the Australian government has decided that it won’t go after tax-avoiding multinational corporations (MNCs) after all. EDITORIAL Despite brave words before the G-20 summit when the practice of profit-shifting was likened to “theft”, no less Canberra has decided
      580 words
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      Lock icon US policymakers should try everything
      778 20  -  THE BOTTOM LINE By J Bradford DeLong T The writer is former deputy assistant US Treasury secretary, Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research Berkeley WHEN it became clear in late
      778 words
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      Lock icon Greek election: politics to shock more than awe
      1076 20  -  Ahead of the Greek vote on Jan 25, it is up to the politicians, not the European Central Bank, to take concrete action if any. BY MEGHNAD DESAI any.BY MEGHNAD DESAI T The writer is chairman of the advisory board of OMFIF,
      PHOTO: BLOOMBERG  -  1,076 words
    • Article
      Lock icon Afghanistan faces difficult year as US/Nato combat mission ends
      846 21  -  TT COMMENTARY By Andrew Hammond T The writer is an associate at LSE Ideas at the London School of Economics. He was formerly a special adviser in the UK government FORMER US presidential candidate John McCain, who visited Kabul over Christmas,
      846 words
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      Lock icon Fate of oil in Saudi hands; pressure on Fed to raise rates
      616 21  -  By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington THE start of a new year is a good time to take stock. For those of us in the news business, this suggests stepping back and asking what’s important.
      THE WASHINGTON POST WRITERS GROUP; PHOTO: REUTERS  -  616 words
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      Lock icon Governance: giant steps ahead for South East Asia
      1275 21  -  Most companies are not there yet in terms of having truly effective boards that add long-term value to companies. BY MAK YUEN TEEN companies.BY MAK YUEN TEEN T The writer is associate professor at the NUS Business School and was a member
      Copyright for cartoon belongs to Mak Yuen Teen and Chris Bennett. Used with permission by BT  -  1,275 words
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      188 22 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES Shipping ties Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? v—- The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 a 4 SI Announce Your Corporate
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    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    972 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hyundai Vladivostok 594E 07 Jan 25 Jan 11 Feb 16 Feb 19 Feb 21 Feb 24 Feb 25 Feb 02 Mar 06 Mar 06
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  • LIFE & CULTURE
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      Lock icon Crime does pay – on Discovery network
      1063 23 Crime does pay on Discovery network An expected 200 global markets will lap up more of its salacious fare in 2015 NYT New York IN September, Seth Techel received a life sentence in Iowa for murdering his pregnant wife to pursue a romance with a co-worker. In October, a production
      NYT; PHOTO: INVESTIGATION DISCOVERY  -  1,063 words
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      Lock icon Bluefin tuna sells for 4.5m yen in Japan auction
      337 23 AFP Tokyo A GIANT bluefin tuna sold for more than US$37,000 in the first auction of the year at a Tokyo fish market on Monday, as Japan faces growing pressure to cut back on consumption of the threatened fish. The 180.4-kilogramme
      AFP; PHOTO: AFP  -  337 words
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      Lock icon Macrobiotic pioneer Kushi dies at 88
      763 23 NYT New York MICHIO Kushi, a Japanese scholar who popularised the macrobiotic diet in the United States, helping to change the way health-conscious Americans eat, died on Dec 28 in Boston. He was 88. The cause was pancreatic cancer, said Alex Jack, general manager
      NYT; FILE PHOTO  -  763 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      327 23 CRYPTIC CROSSWORD Across 1 worriedly describes lacking credit in any case (7) 5 Notice joker following almost all of drama (7) 9 To put one’s foot down is a duty of sorts (5) 10 Lead, say from corrupt copper? (4,5) 11 Torrent causing rambling group to lose leader during day
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  • SME
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      Lock icon Getting off on the right foot
      970 24 NYP senior lecturer Mar Kheng Kok and his team overcame time zones, culture and languages to design the world’s first 3D foot scanner. BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT NANYANG Polytechnic’s senior lecturer from the School of Information Technology, Mar Kheng Kok, may have been
      PHOTO: NANYANG POLYTECHNIC  -  970 words
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      Lock icon The how’s and why’s of CEO salaries in Asia
      1134 24  -  Going beyond the huge numbers, economic determinants and corporate governance play a big part. BY LEE KIN WAI TT THE VIEW FROM NTU PROFESSORS part.BY LEE KIN WAI T The writer is an associate professor of accounting at NTU's Nanyang Business
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