The Business Times, 8 January 2015

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Microfilm: NL33339
Total Pages: 28
1 28 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 G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Thur January 5
    29 words
  • DAILY DIGEST
    • Article, Illustration
      Lock icon Singapore's efforts to restructure its economy
      35 1 will become even more critical this year, amid concerns over easing inflation and the weakening of economic prospects here and abroad, says DBS CEO Piyush Gupta. TOP STORIES 2
      35 words
    • Article
      Lock icon Asia's central banks
      31 1 are in danger of falling behind the yield curve. The region’s monetary authorities have so far failed to heed bond investors’ legitimate worries about disinflation. TOP STORIES 4
      31 words
    • Article
      Lock icon Sakae Holdings
      32 1 announced on Tuesday that Q&M Dental is the first client for the newly-set-up Sakae Corporate Advisory. Sakae’s task will include marketing Q&M to European and US investors. COMPANIES MARKETS 7
      32 words
    • Article
      Lock icon Non-performing mortgage loan risks
      31 1 will persist for Singapore banks this year, albeit with a shift from defaults by foreigners on luxury homes to those by locals on suburban homes.COMPANIES MARKETS 10
      31 words
    • Article
      Lock icon Officials charged with overseeing
      35 1 the Bank of England failed to hold the central bank to account during the 2007-09 financial crisis and may have made matters worse, a senior British lawmaker says. BANKING FINANCE 16
      35 words
    • Article
      Lock icon The oil price plunge
      29 1 will force energy companies to slash capital spending in North America, Europe and Asia in 2015, according to investment bank Evercore ISI. energy COMMODITIES 17
      29 words
    • Article
      Lock icon Coach, the New York-based luxury fashion house.
      30 1 said on Tuesday that it would buy Stuart Weitzman, the maker of midrange luxury shoes, for up to US$574 million in cash. CONSUMER/19
      30 words
    • Article
      Lock icon The DASH diet
      18 1 has been named the best overall diet for the fifth consecutive year. LIFE CULTURE 28
      18 words
  • Article
    Lock icon Coming: budget of celebration and challenges
    929 1  -  Expectations high for an expansionary budget as Singapore celebrates 50 years of independence BUDGET 2015 By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore THE Singapore government’s budget for FY2015 to be delivered in Parliament on Feb 23, Monday will be no ordinary one. Even as
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  • Article, Illustration
    Lock icon Paris on highest terror alert after 12 killed in magazine office attack
    561 1 BLOOMBERG Paris PARIS was put on the highest terrorist alert after France’s worst attack in decades killed at least 12 people in shootings at the office of satirical weekly Charlie Hebdo in the city’s east. Four more victims
    BLOOMBERG; Photos: AFP Graphics adapted from AFP  -  561 words
  • Article
    Lock icon MARKETS
    26 1 Wednesday Change STI 3,298.36 (+16.41) KL COMP 1,709.18 (-7.40) NIKKEI 225 16,885.33 (+2.14) HANG SENG 23,681.26 (+195.85) SHENZHEN B 1,061.07 (-0.91) DOW(11am EST) 17,502.21 (+130.57)
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      195 1 *****4 REMEMBERING SUBHAS ANANDAN Veteran lawyer had ‘a heart of gold beneath tough exterior’ TOP STORIES 3 DRAYCOTT EIGHT Morgan Stanley fund exploring bulk sale of luxe units REAL ESTATE 11 GEYLANG BUILDING Fragrance Group to sell its B1 industrial building real estate/ 12 RECORD-BUSTING YEAR Asia-Pac M&As at historic
      195 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Restructuring yoke to weigh on Singapore this year: DBS CEO
      735 2  -  2015 is a crucial year, but he believes the US economy can power Asia’s export engines By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE’S efforts to restructure its economy will become even more critical this year, amid concerns over easing inflation
      735 words
    • Article
      Lock icon Call for holistic SME development in Budget 2015 recommendations
      678 2  -  SME Committee says more comprehensive data on SMEs will help companies and industries plan ahead By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore A MORE holistic approach to small and medium-sized enterprise (SME) development is needed, with more detailed data points, backed by
      678 words
    • Article, Illustration
      Lock icon Subhas Anandan had ‘a heart of gold beneath tough exterior’
      817 3  -  Many speak highly of the late lawyer’s compassion, his pro bono work and his belief in access to fair representation for all accused persons OBITUARY By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore TRIBUTES poured in from the legal fraternity on Wednesday
      SPH FILE PHOTO  -  817 words
    • Article
      Lock icon Trade deficit hits 11-month low
      345 3 LATEST US DATA REUTERS Washington THE US trade deficit fell to an 11-month low in November as declining crude oil prices curbed the import bill, eclipsing a drop in exports that could be related to a labour dispute at one of the nation’s key ports.
      REUTERS  -  345 words
    • Article
      Lock icon COE premiums edge up across the board
      414 4  -  Some dealers attribute this to the longer interval since the last COE tender or to more aggressive bidding By Samuel Ee samuelee@sph.com.sg Singapore PREMIUMS for certificates of entitlement (COEs) rose across the board on Wednesday, as buyers returned to showrooms in a traditional
      414 words
    • Article, Illustration
      Lock icon Asia’s central banks behind rate-cutting curve
      404 4  -  &3I REUTERS BREAKINGVIEWS By Andy Mukherjee ASIA’S central banks are in danger of falling behind the yield curve. The region’s monetary authorities have so far failed to heed bond investors’ legitimate worries about disinflation. Their reticence could imperil both GDP growth and financial stability.
      Source: Thomson Reuters Datastream  -  404 words
    • Article
      Lock icon Tail of aircraft found underwater, black box may be close by
      518 4 AIRASIA CRASH REUTERS Jakarta THE TAIL of the crashed AirAsia jet has been found upturned on the seabed about 30km from the plane’s last-known location, Indonesia’s search and rescue agency said on Wednesday, indicating the crucial black box recorders
      REUTERS  -  518 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      100 2 BLUM www.blumnco.com CNY 2015 iff 4- #1 New Collection IN STORES NOW! <iJBI am I ■I Si A ■AS*i Lfifr P5a r &P v\i KM SI m .■n $3 l y i mmJE s r f X. -VrU.''. 'Jv'nE** mm y M I jra m MpH*' SK Siu? c 9
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  • Page 3 Advertisements
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      101 3 GP GIRARD -PERREGAOX MECHANICS OF TIME SINCE 1791 h :1° i i S Z IRARD-POl^EGAaX*\ r. I i r in 60 O <1 <6 wLcf s?. o o a/. vO i>C' 30 xX i \T TRAVIUI GIRARD-PERREGAUX 033pQ>0095 CALIBER, SELF-WINDING MECHANICAL MOVEMENT HOUR, MINUTE, SNfA SECOND, LARGE DATE, MOf N
      101 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      53 4 jnpWance Co Corporate Rewind®* U i\nuc» *sis»* s Return QMB o2014 s«. u w*>ve 25^=^^== wpoi L^r^Z'^ sC0 "P'' a Ce^ e G haC K NQh &t G l „P" A[ Rating 2 oC CCO'J T /,A u T o: T _l— te0 C omP Vianofc TrornpV' ance oatWfl®- 3
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      Lock icon Page 4 Advertisements Column 2
      250 4 FUTURE i i t I I I I i i I a CHINA ADVANCED LEADERS PROGRAMME Grooming future leaders to be “China-ready” “China-savvy” and “Connected” AMh r V 'A H The course is a must for entry level or veterans in China business. It provides the up-to-date version of Chinese
      250 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      35 5 CONGRATULATIONS TO Alvin Leo, Winston Yau, Mary Ong Management and Staff of M N mu lining vocm 'oO' H op f\ I If ON THE OCCASION OF YOUR GRAND OPENING Best Wishes from Lamborghini Singapore
      35 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Asia-Pac M&As at historic high
      642 6  -  The value of these transactions hit US$591.6b through 3,250 deals; US, European buyers dominated scene MARKETS By Fiona Lam fionalam@sph.com.sg Singapore LAST year was a record-busting year for merger and acquisition (M&A) deals in the Asia-Pacific (excluding Japan) in number of transactions and their total
      642 words
    • Article
      Lock icon Financials shine in 2014; outlook positive this year
      569 6  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore FINANCIAL firms outperformed the broader market last year, with the FTSE ST Financials Index notching up 10.3 per cent in price gains, data from the Singapore Exchange (SGX) showed. This compares with the 6.2 per cent
      569 words
    • Article
      Lock icon Bonds listings on SGX and proceeds raised hit new highs
      325 6  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE total number of new bond listings, as well as proceeds raised, hit new highs on the Singapore Exchange (SGX) in 2014. This was amid the low interest rate environment and the search for
      325 words
    • Article, Illustration
      Lock icon Sakae pursues advisory business with sushi growth in mind
      560 7  -  Newly set up unit will help to market Q&M Dental, its first client, to European and US investors By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SAKAE Holdings’ Douglas Foo is hoping that a visit to the dentist will help him satisfy his
      560 words
    • Article
      Lock icon BT, Maybank tie up for 2nd Asian investment seminar
      299 7  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE Business Times will once again partner Maybank Kim Eng for its second Asian investment outlook seminar this Saturday at the Grand Hyatt. This follows the success of the inaugural event last year, which
      299 words
    • Article
      Lock icon GLP inks Japan leasing deals
      109 7 Singapore GLOBAL Logistic Properties (GLP) has signed four lease agreements totalling 70,000 square metres (754,000 square feet) with industry-leading retailers and a third-party logistics (3PL) provider in Greater Tokyo. The customers are using the facilities to support domestic distribution needs for retail stores and e-commerce.
      109 words
    • Article, Illustration
      Lock icon QT Vascular balloons on clinical trial update
      226 7  -  HOT STOCK By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore SHARES in QT Vascular, a developer and manufacturer of medical devices for the treatment of vascular diseases, jumped as much as 12.5 per cent to 36 Singapore cents on Wednesday, after a Tuesday night
      Source: Bloomberg  -  226 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Jan 7,2015 3,298.36 +16.41 (+0.50%) Current streak 1 day Day high 3,309.80 Day low 3,267.89 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Jan 7,2015 753.22 +6.43 (+0.86%) Current streak 1 day Day high 755.19 Day low
      63 words
    • Article, Illustration
      Lock icon STI up 16pts on likely Wall Street bounce
      655 8  -  HK Land makes biggest contribution to rebound, after the index’s 89-point loss in previous two sessions STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER having lost almost 89 points on Monday and Tuesday, the Straits Times Index on Wednesday rebounded 16.41 points to
      Source: Bloomberg  -  655 words
    • Article
      Lock icon STI STOCKS
      304 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 +3 240/238 250 206 5.9 6068 CapitaLand 325 +1 327/324 348 268 16.3 2.5 *****.3 CapitaMall Trust 208 +6 208/204 209 180 4.9 7214 CityDev 1002 -6 1010/991 1118 860 13.6
      304 words
    • Article
      Lock icon MOST ACTIVE
      34 8 VOLUME Blumont 140,076,000 JES Intl 123,319,000 Xpress 118,363,000 LionGold 91,303,000 Addvalue Tech 68,131,000 Market volume 2,125,027,000 VALUE SingTel 86,661,635 DBS Grp 79,221,509 UOB 66,594,502 Keppel Corp 58,011,180 SIA 52,919,260 Market value 1,105,027,000
      34 words
    • Article
      Lock icon SGX ETFs Most Active
      107 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 230 256 234/230 234/140 228/230 71.9 STI ETF 335 +2 125 336/332 343/298 335/336 DBXT CSI300 US$ US1022 +4 54 1034/1022 1034/613 1028/1030 IS MS India US$ US719 +1 42 720/711 790/541 715/719 89.9
      107 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 7 VALUE CLOSE BT OB/OS 91.00 -96.00 BT CADI -*****.00 +53.00 BT 10-day MA -*****.00 +9.00 FTSE ST Mid Cap 751.91 +3.73 FTSE ST Small Cap 498.54 +0.52 FTSE ST All Share 793.89 +3.75 FTSE ST China Top 192.39 +1.46 FTSE ST China 226.79 +3.41 FTSE
      77 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share Index Jan 7,2015 793.89 +3.75 (+0.47%) Current streak 1 day Day high 796.25 Day low 787.45 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE index Jan 6,2015 1,705.93 -20.48 (-1.19%) Current streak 3 days Day high 1,726.29 Day low 1,703.55 52-week high 1,995.49 (July 3, 2014) 52-week low 1,705.93 (Jan 6, 2015)
      33 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 2 7 0 0 0 6 2 7 Manufacturing 47 43 33 7 5 9 54 48 42 Commerce 17 15 21 6 3 2 23 18 23 Tpt/Stor/Comms 18 9 15
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 30,570 30,570 84,990 84,990 Manufacturing 583,804 52,708 636,512 133,213 7,130 140,343 Commerce 67,553 45,152 112,705 69,668 2,212 71,880 Tpt/Stor/Comms 107,619 399 108,018 206,322 150 206,472 Finance 14,798 36 14,834 192,696 9 192,706 Construction 26,227 36,109
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low HongkongLand USD 719 44.1 4.8 730/584 GLD US$ ***** 41.4 0.3 *****/***** DBXT S&P Short US$ 2284 29.4 1.0 2752/2197 SIA 1196 28.0 2.4 1196/941 SIA 200 1194 28.0 2.4 1194/944 BY PERCENTAGE CLOSE UP 52w high/low China Essence 0.4 100.0 0.2 2.4/0.2
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    • Article
      Lock icon LOSERS
      80 8 BY CENTS CLOSE DOWN 52w high/low IS S&P500 US$ ***** -822.3 -3.0 *****/***** DBXT Nifty US$ ***** -176.2 -1.0 *****/9759 SPDR S&P500 US$ ***** -162.9 -0.6 *****/***** DBXT STGLDv US$ 3117 -158.9 -3.7 3542/3042 Lyxor Nasdaq US$ 1640 -108.1 -4.7 1724/1379 BY PERCENTAGE CLOSE DOWN 52w high/low Cedar Strategic
      80 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      86 8 VOL CLOSE($) CHANGE China Essence^ 2,873.0 0.004 +0.002 +100.00 Dapai Intl^ 2,010.0 0.011 -0.002 -15.39 Transit Concrete 20.0 0.420 -0.040 -8.70 China Great Land 80.0 0.016 +0.001 +6.67 Darco Water Tech 1,670.0 0.023 +0.001 +4.55 3Cnergy 17.5 0.250 -0.005 -1.96 Federal Int 7,344.0 0.027 +0.003 +12.50 JES Intl
      86 words
    • BROKERS’ TAKE
      • Article
        Lock icon Singapore telcos
        125 8 Market weight UOB Kay Hian, Jan 7 REGULATORY risks in Singapore pose a threat to telcos, especially M1 and StarHub who do not have overseas operations. The upside for investing in telcos is also limited due to the potential reversal of yield compression. We have taken cognisance of
        125 words
      • Article
        Lock icon Guocoleisure
        137 8 Buy Jan 7 close: S$0.92 Target price: S$1.43 DMG Partners Research GUOCOLEISURE (GLL) recently completed the re-financing of its debenture stock, which expired in December 2014. The £138 million security, issued at coupon rate of 10.75 per cent back in 1989, was redeemed by GLL and refinanced at below
        137 words
      • Article
        Lock icon Singapore Reits
        194 8  -  Compiled by Kenneth Lim Positive Daiwa Capital Markets, Jan 6 WE reaffirm our “positive” rating on the S-Reit sector, though are much more cautious and selective compared with our stance at the start of 2014. For 2014, the S-Reit sector outperformed the overall market (with an absolute gain
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    • Article
      Lock icon CALENDAR
      23 8 DATA I 3.00 am (Jan 8) US Federal Open Market Committee meeting minutes I 9.30 pm (Jan 8) US initial jobless claims
      23 words
    • Article
      Lock icon Euro hits new 9-year low against greenback
      399 9 CURRENCIES REUTERS London THE euro fell to a new nine-year low against the US dollar on Wednesday after data showed eurozone prices falling for the first time since 2009, piling pressure on the European Central Bank (ECB) to take bold policy action. Eurozone
      REUTERS  -  399 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.956 5.016 0.679 6.261 51.156 102.788 0.961 8.888 2.887 1.040 81.338 36.366 1.078 9.442 0.816 25.823 26.585 0.533 0.807 Canada 1.046 5.248
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      • 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 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0775 1.0784 0.8072 0.8077 Canadian dollar 1.1277 1.1280 0.8449 0.8448 Euro 1.5867 1.5874 1.1886 1.1890 NZ dollar 1.0365 1.0368 0.7765 0.7766 Sterling pound 2.0218 2.0227 1.5146 1.5150
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jan 7 S$ Bid Offer 1-month 1.3353 1.3357 2-months 1.3357 1.3361 3-months 1.3359 1.3365 6-months 1.3369 1.3374 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        209 9 Jan 7 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 4.5 0.4 ***** 1 18 21 KepCorp MB eCW*****2 8.7 0.4 7119 0.2 900 5 OCBC Bk MB eCW*****3 5.4 0.3 5810 0.2 1060
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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 6 Index Change Change Change Change Change Change World Preliminary 1240.2 -1.0 -2.8 -1.2 -2.7 -1.0 -3.3 EAFE Preliminary 958.9 -1.2 -2.8 -1.4 -3.3 -1.2 -3.9 Europe Preliminary 1341.6 -0.6 -2.9
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        365 9 Jan 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.26 *****.61 *****.26 Mar15 *****.00 *****.00 *****.00 *****.00 *****7 *****2 Jun15 *****.00 *****.00 *****.00 *****.00 3 3194 MSCI TAIWAN INDEX FUTURES SPOT 332.44 334.53 332.09 Jan15 331.90 333.50 328.90 331.20 ***** *****1 Feb15 330.50
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 Jan 7 (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 INTERBANK RATES
        154 9 Jan 7 $S Offer Bid 0vernight 0.02 par 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6872 0.5625 Overnight mode: 0.18 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 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 GOVERNMENT SECURITIES
        67 9 Jan 7 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.07 5-Year N*****0H 1.625 01-Oct-19 100.49 100.60 100.45 10-Year NY*****H 3.000 01-Sep-24 107.29 107.38 106.98 15-Year NY*****E 2.875 01-Jul-29 105.07 104.80 104.70 20-Year NZ*****V 3.375 01-Sep-33 111.15 111.40 110.45
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        251 9 Jan-6 Price Net change change Last Trade Agricultural Jan-6 CBOT Soybeans (US cents/bu) 1051.00 11.25 1.08% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.69 -0.01 -0.03% 14/01/2015 CBOT Wheat (US cents/bu) 591.75 2.75 0.47% 13/03/2014 Jan-6 LIFFE Cocoa (£/tonne) 2000.00 -12.00 -0.60% 16/03/2015 LIFFE Coffee (US$/tonne) 1934.00 45.00 2.38%
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    • Article, Illustration
      Lock icon Non-performing mortgage loan risks to persist in banks
      828 10  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore Singapore NON-performing mortgage loan risks will persist for Singapore banks this year, albeit with a shift from defaults by foreigners on luxury homes to those by locals on suburban homes. Banks remain safe, nevertheless. Maybank Kim
      Source: MAS  -  828 words
    • Article
      Lock icon SIA’s key strategies taking shape
      1102 10  -  HOCK LOCK SIEW BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT TO SAY that Singapore Airlines (SIA) had a turbulent 2014 could be an understatement. Overcapacity, yield pressures, currency volatility, volatile fuel prices, not to mention cut-throat competition from Middle Eastern and regional carriers, particularly of the budget
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      910 6 UE E&C LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****5048D) VOLUNTARY UNCONDITIONAL OFFER (THE “OFFER”) BY DMG PARTNERS SECURITIES PTE LTD FOR AND ON BEHALF OF UNIVERSAL EC INVESTMENTS PTE. LTD. FOR UE E&C LTD. 1. Introduction The Board of Directors (the “Board”) of UE E&C Ltd.
      910 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Lock icon Page 6 Miscellaneous Column 1
      33 6 ii'h'l $2.2 MILLION Estimated Draw on Thu, 8 Jan 2015 at 6.30pm For details, visit www.singaporepools.com.sg p A V® Always play with care. responsibly! Do not bet illegally. RGB Reg No: *****0202G m
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      46 7 Car Showroom for Rent Alexandra Road The Alexcier Alexandra/ Leng Kee Road. 2357sq Park 10-12 cars. Premium pre-owned centre. Prime auto belt district. Redhill MRT. Establish your new/ pre-owned centre today! For enquiries, please call *****338. Astro Real Estate Alliance Pte Ltd. (CEA Reg. L*****52D) Astro
      46 words
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      Lock icon Page 7 Advertisements Column 2
      16 7 FIND OUT HOW OUR CUSTOMIZED SOLUTIONS CAN HELP YOU YOUR BUSINESSES. 17.3’’ Exclusive with 2TB HDD
      16 words
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  • Page 10 Advertisements
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      87 10 ATTENTION!ALLSHIPPING MARITIME BUSINESSES EXPOSURE GETENHANCED&AFFORDABLE BOTHINPRINTANDONLINE TOSELLYOURPRODUCTS&SERVICES 6cm PACKAGE A ONCE AWEEK PRINTAD ONLINE AD (3 months) 6cm x 2 col (7.9cm) Full Color just $202 per ad 6cm 2col (7.9cm) PACKAGE B TWICE A WEEK PRINT AD ONLINE AD (6 months) 6cm x 2 col (7.9cm) Full Color just
      87 words
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      Lock icon Page 10 Advertisements Column 2
      62 10 Myanmar: Myanmar Civil Aviation Development Conference 2015 23 26 March 2015 Sedona Hotel Yangon www.mcadc.sphereconferences.com Greater Heights Organiser: Patron: sphere SINGAPORE PRESS HOLDINGS Official Host: Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. *Terms and Conditions apply To
      62 words
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      23 10 SUBSCRIBE TO ICON SINGAPORE W W W I C O N S I N G A P O R E C O M
      23 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Morgan Stanley fund mulls bulk sale of luxe units
      990 11  -  It appoints two agents to explore demand for a bulk transaction for its 23 units in Draycott Eight; Blackstone has inked deal for 21 Anderson Royal Oak Residence By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT THE momentum for bulk transactions of high-end residential
      FILE PHOTO; PHOTO: ARTHUR LEE  -  990 words
    • Article, Illustration
      Lock icon Fragrance puts Geylang building on market
      501 12  -  Light industrial building has indicative price of S$115m and can be strata sub-divided for sale only 10 yrs after TOP By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore FRAGRANCE Group Limited is selling a new, 60-year-leasehold light industrial building in Geylang by expression of interest (EOI).
      501 words
    • Article
      Lock icon Dismantling a Chinese developer could get ugly
      382 12  -  &Sk REUTERS BREAKINGVIEWS By John Foley Beijing TEARING down a house is straightforward. Dismantling the company that built it is anything but. Chinese developer Kaisa, which has defaulted on a HK$400 million (S$69 million) bank loan, is heading inexorably towards a debt restructuring
      382 words
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      Lock icon HK home prices in Nov hit record high for 7th straight month
      431 12 REUTERS Hong Kong HONG KONG’S home prices hit a record high for a seventh consecutive month in November, official data showed, as pent-up demand for smaller units continued to boost sales in one of the world’s most expensive
      REUTERS; PHOTO: AFP  -  431 words
    • Article
      Lock icon Reit takeovers to climb in US with push from activist investors
      645 12 BLOOMBERG Chicago TAKEOVERS among US real estate investment trusts are poised to accelerate as shareholder activism increases and executives become more receptive to deals, according to research firm Green Street Advisors. The number of transactions involving sizable Reits, through
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      Lock icon French court blocks LVMH’s plans for iconic Paris building
      508 13 Renovation design clashes with historic surroundings, says court; LVMH plans to appeal further Paris A FRENCH appeals court on Monday blocked the renovation of the iconic former Parisian department store La Samaritaine, saying its modern makeover would clash with its historic
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    • Article
      Lock icon Canadian ghost town sold to Chinese developer
      271 13 CHINESE INVESTMENTS AFP Ottawa A GHOST town in Canada’s westernmost wilds has been sold to a Chinese real estate developer who intends to bring it back to life. China Zhong Ya Group Hebei Cana-da-China Co beat out bidders from around the world, real
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    • Article
      Lock icon Chinese entrepreneur buys Bordeaux wine estate
      248 13 BLOOMBERG London CHINESE entrepreneur James Zhou has acquired French wine estate Chateau Renon in Tabanac on the right bank of the Garonne river in the Cadillac Cotes de Bordeaux region, according to real estate broker Michael Baynes. The deal comprised two transactions bringing the
      BLOOMBERG  -  248 words
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      Lock icon New World Trade Center gets a different mix of tenants
      1366 14 instead of financial firms, most tenants now hail from the technology, media and advertising sectors BLOOMBERG New York WHEN Lower Manhattan’s new World Trade Center was conceived a decade ago, nobody had in mind a Silicon Valley in the sky.
      BLOOMBERG; PHOTO: AFP  -  1,366 words
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      Lock icon Househunt
      1131 14 Property transactions for districts 1 to 28 with contract dates between Nov 26 and Dec 2,2014 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 26/11/2014 99 700 1605 2293 District 3 NON-LANDED Commonwealth
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      296 11 PEACE CENTRE AND PEACE MANSION ICONIC MIXED-USE REDEVELOPMENT SITE IN DISTRICT 9 BUKIT TIMAH RD p| Little India ESI Interchange Wilkie Edge SOPHIA RD y Rochor (U/C) LASALLE College Of The Arts Plaza Singapura Porno D CD Bencoolen Uj (U/C) The m. Hole! Cathay kulA 00 Rendezvous ORCHARD RD Singapore
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      265 11 $1.50psf $350psf ONWARDS PAYA UBI INDUSTRIAL PARK LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11 20 COLLYER QUAY Excellent Seaview Next to Raffles Place MRT Station 1,001 sq ft to 1,744 sq ft 6225
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      57 12 HOT PROPERTY PRISTINE HGTS 2+STUDY 850sf High flr unblock city view. Full/part furn, tip top $3.2k. ADAM GREEN SURREY Court Studios 2/3 bdrm $2.9K $3.8K immediate Call owner PARC EMILY 1BDRM 549sqft High flr balcony. Quiet breezy. MRT. Immed $3.5K neg. PRIVATE APARTMENTS FOR RENT! Check this and many other
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      56 12 fb.com/ComexITShow www.itshow.com.sg 19-22 MAR 2015 SUNTEC Singapore, Levels 3, 4 &6 12pm 9pm FREE ADMISSION 12pm 9pm 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, World
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      189 13 The Makings Of AN EMPEROR JINSI NANMU Is known for its golden thread-like appearance under sunlight, its fragrance which keeps insects away and antisepsis as well. At certain periods was reserved for imperial use only. ftftfi&WI NANMU-GALLERY CULTURE PTE. LTD. 72 Eunos Ave 7. #03-10 Singapore Handicrafts Building. Singapore *****0.
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      96 13 QUEENSWAY SHOPPING CENTRE PRIME RETAIL SPACE FOR SALE Freehold strata-titled unit approx. 2,734 sq ft Large unit above McDonald’s Rare unit with approval for full F&B operation Excellent main road frontage Ideal for F&B, sports and lifestyle related trades Potential to subdivide (subject to authorities' approval) No ABSD and SSD
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      153 13 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988 Huttons* realestategroup Huttons Asia Pte Ltd Licence no. L *****99K COLLECTIVE SALE SELEGIE CENTRE Farrer Park To Central v. Tekka Ctr Expessway Food c,r
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      448 15 The Business Times Ik 1 X 1 Toll free 1800-289-8822 I I I Email notices@sph.com,sg X. M V i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF SWANMET HOLDING PTE LTD (Company No: *****3144E) (In Members’
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      1552 15 a a m m STARLAND HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1382E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Starland Holdings Limited (the "Company") will be held at Seminar Room, 21 Heritage Place, Tan Quee Lan Street,
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      160 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TO INVESTMENT HOLDING PTE LTD COMPANY REG. NO: 2010-*****-H (INVOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before the 6th of
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      197 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BUILTFORT INTERNATIONAL PTE. LTD. ACRA No. *****8010R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed
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      25 15 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Board overseeing BOE failed in its duty during 2007 crisis
      883 16 It didn’t help set strategic direction to deal with Britain’s first bank run in 100 years, minutes of meetings show NYT/REUTERS NYT/REUTERS London OFFICIALS charged with overseeing the Bank of England failed to hold the central bank to account during
      NYT/REUTERS; PHOTO: BLOOMBERG  -  883 words
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      Lock icon HK to up trading through Shanghai stock link
      664 16 It is also in talks to set up trading tie-up with Shenzhen exchange BLOOMBERG Shanghai HONG Kong is taking steps to increase trading through the Shanghai exchange connect as officials discuss setting up a separate link with Shenzhen. Shenzhen and Hong Kong
      BLOOMBERG; PHOTO: BLOOMBERG  -  664 words
    • Article
      Lock icon Draghi squeezes call option out of Danish bonds
      235 16 BLOOMBERG Copenhagen AS European Central Bank (ECB) president Mario Draghi prepares to start purchasing euro-area bonds, the effects of the policy are already being felt in Europe’s biggest mortgage-backed covered bond market. Denmark’s mortgage banks are about to start issuing loans backed
      BLOOMBERG  -  235 words
    • Article
      Lock icon Oil rout mars reputation of Canadian banks as world’s safest lenders
      652 16 Record consumer debt and overvalued housing market add to the risks BLOOMBERG Toronto CANADIAN banks’ reputation as the world’s safest lenders isn’t worth what it once was as collapsing crude oil prices add to a growing list of economic
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    • Article
      Lock icon Bats suggests cutting fees to improve US equity market
      483 16 BLOOMBERG New York ANOTHER leading stock exchange operator has a plan to improve the US$24 trillion US equity market. Bats Global Markets Inc suggested a reduction in fees for buying and selling some stocks that could produce industry savings exceeding US$850
      BLOOMBERG  -  483 words
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  • ENERGY & COMMODITIES
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      Lock icon Oil slump pushing industry into ‘sharp recession’
      677 17 Firms to slash spending in North America, Europe, Asia: Evercore AFP New York THE oil price plunge will force energy companies to slash capital spending in North America, Europe and Asia in 2015, investment bank Evercore ISI said. But investment will continue to
      AFP; PHOTO: AFP  -  677 words
    • Article
      Lock icon Shell to pay out £55m in compensation for Nigeria oil spills in 2008
      445 17 REUTERS London ROYAL Dutch Shell will pay out £55 million (S$111 million) in compensation for two oil spills in Nigeria in 2008 after agreeing a settlement with the affected community. The largest ever out-of-court settlement relating to
      REUTERS  -  445 words
    • Article
      Lock icon US Steel to idle 2 pipe plants, lay off workers
      442 17 BLOOMBERG New York US Steel Corp, the country’s sec-ond-biggest producer of the metal, plans to idle two pipe plants and lay off more than 750 employees as the oil-price slump cuts spending by energy companies. US Steel notified 614 workers
      BLOOMBERG  -  442 words
    • Article
      Lock icon Coal workers strike in India against privatisation
      417 17 BLOOMBERG New Delhi A STRIKE by coal miners in India shut down some mines and disrupted supply at others as unions vowed the biggest walkout in four decades to halt plans by Prime Minister Narendra Modi to end the state monopoly in the
      BLOOMBERG  -  417 words
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      1435 17 GDS GLOBAL LIMITED (Company Registration No. *****7895H) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GDS GLOBAL LIMITED (the “Company”) will be held at 86 International Road, Singapore *****6 on Friday, 23 January 2015 at 10.00 a.m.
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  • TECHNOLOGY
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      Lock icon Drones swoop into Consumer Electronics Show as interest surges
      591 18 400,000 consumer drones worth US$130m forecast to be sold globally in 2015, up 55% from last year AFP las Vegas ON a dusty stretch of Nevada desert, a quadcopter drone kicks up a small cloud as it takes off. It then
      AFP; PHOTO: BLOOMBERG  -  591 words
    • Article
      Lock icon Intel allocates millions to boost staff diversity in workplace
      708 18 If plan succeeds, it’ll raise proportion of women, blacks, Hispanics and others at Intel by at least 14% in 5 years NYT San Francisco OVER the last year, Apple, Google and other big technology companies have faced mounting criticism by civil
      NYT  -  708 words
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      Lock icon Rocket glitch forces SpaceX to abort landmark launch
      655 18 AFP Miami A LAST-MINUTE rocket glitch forced SpaceX to abort a landmark bid on Tuesday to transform rocket science into a recyclable industry by landing the first stage of the Falcon 9 on an ocean platform. The problem that led to the
      AFP; PHOTO: REUTERS  -  655 words
    • Article
      Lock icon Two wireless charging industry groups merge
      234 18 San Francisco TWO of three global industry groups vying to establish a dominant standard for wireless charging technology have agreed to merge, bringing consumers a small step closer to throwing away their smartphone power cords. The Alliance for Wireless Power, backed by Intel, Qualcomm
      234 words
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      63 18 The Premier Platform for Gifts Sourcing VVSGPFair Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands Expo Convention Centre, Singapore www.SGPFair.com m <*>\r EXHIBIT PROFILE Lifestyle Retail Gifts Florists Hampers Rewards Incentives Etc. 11 mA- 9 Interested to exhibit? Tel: (65) 6848 5938 Email; SGPFair@bizlink.com.sg Organised By: BIZLINK
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  • CONSUMER
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      1270 19 The Business Times NOTICES A-SONIC AEROSPACE LIMITED (Company Registration Number: *****1838G) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (“EGM”) of A-Sonic Aerospace Limited (the “Company") will be held on 26 January 2015 at 3.00 p.m. at 10 Anson Road, #24-07
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  • TRANSPORT
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      Lock icon UN pushes for better aviation tracking system
      440 20 New standard would require commercial aircraft to report position every 15 minutes REUTERS Toronto THE United Nations aviation agency will propose a new standard that requires commercial aircraft to report their position every 15 minutes as part of a global tracking initiative in
      REUTERS; PHOTO: REUTERS  -  440 words
    • Article
      Lock icon Boeing beats Airbus on deliveries but loses out on new orders: source
      395 20 REUTERS New York BOEING Co said on Tuesday that it delivered 723 jetliners in 2014, hitting its own target, setting an industry record and retaining its title as the world’s biggest plane maker, besting rival Airbus Group. But
      REUTERS  -  395 words
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      Lock icon Rolls-Royce will decide on SUV segment this year
      527 20 BLOOMBERG Frankfurt ROLLS-Royce Motor Cars Ltd will decide this year whether to follow Bentley into the sport-utility market, as the ultra-luxury brand seeks to expand further after a five-year streak of sales records. Rolls-Royce will unveil a new convertible planned for mid-2016
      BLOOMBERG; PHOTO: BLOOMBERG  -  527 words
    • Article
      Lock icon Heads-up technology puts data on car windshields at CES
      1102 20 WP Washington ONE of the automotive world’s newest, buzziest upgrades was once offered only for trained jet pilots: heads-up displays, projecting a buffet of colourful information on that once-sacred place of clarity, the car windshield. Touted at this week’s Consumer Electronics
      WP  -  1,102 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Eurozone’s December inflation turns negative
      742 21 Drop may spur European Central Bank to start government bond-buying REUTERS Brussels EUROZONE inflation turned negative in December for the first time since 2009, with cheap oil driving a bigger than expected decline that may prompt the European Central Bank to start printing money. The
      REUTERS; PHOTO: BLOOMBERG  -  742 words
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      Lock icon Spain shows signs of being on the mend
      692 21 AFP Madrid FEWER Spaniards stood in jobless queues in 2014, consumer spending rose and banks boosted lending all signs pointing to Spain’s economy getting back on track after six years of a gruelling financial crisis. The number of people registered as unemployed
      AFP; PHOTO: AFP  -  692 words
    • Article
      Lock icon Italy’s record jobless high contrasts with new low in Germany
      395 21 BLOOMBERG Rome ITALIAN unemployment unexpectedly rose to a record high that’s more than double the German rate, keeping alive concerns about the diverging growth outlook in the euro area. The jobless rate increased to 13.4 per cent from a revised
      BLOOMBERG  -  395 words
    • Article
      Lock icon Signs China may throw lifeline to Venezuela
      598 21 Venezuela’s economy has sunk into recession in recent weeks due to the oil rout AFP Beijing CHINA and Venezuela will step up co-operation this year, Presidents Xi Jinping and Nicolas Maduro said in Beijing on Wednesday as falling oil prices threaten the Latin
      AFP  -  598 words
    • Article, Illustration
      Lock icon Sri Lanka polls result critical to top investor China
      1045 22 Rajapaksa’s top opponent likely to pursue more balanced foreign policy, putting China’s Indian Ocean influence at risk BLOOMBERG New Delhi OF all the world leaders watching the outcome of Sri Lanka’s presidential elections on Thursday, Chinese President Xi Jinping has the
      BLOOMBERG; PHOTO: REUTERS  -  1,045 words
    • Article
      Lock icon China premier said to be planning Davos trip to assuage concern over slowing economy
      631 22 Gathering offers a platform to reassure international decision-makers that China is still open for business BLOOMBERG Hong Kong CHINA is planning to send its highestlevel delegation to the annual Alpine confabulation of business, social and political
      BLOOMBERG  -  631 words
    • Article
      Lock icon Vietnam devalues dong to boost exports as regional currencies fall
      701 22 BLOOMBERG Hanoi THE State Bank of Vietnam has devalued the dong for the second time in seven months as regional currencies decline, seeking to support exports that have sustained the country’s economic growth. The central bank weakened its reference rate
      BLOOMBERG  -  701 words
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      Lock icon Budget deficit puts Modi’s pledge in doubt
      716 23 Gap has reached 99% of full-year target in just 8 months despite his aim of narrowing it to 7-year low BLOOMBERG Mumbai INDIA’S budget deficit reached 99 per cent of the full-year target in just eight months, raising doubts that Prime Minister Narendra
      BLOOMBERG; PHOTO: BLOOMBERG  -  716 words
    • Article
      Lock icon Kerry to attend investor forum in India before Obama’s visit
      393 23 AFP Washington US SECRETARY of State John Kerry will travel to India this week to join a key investment forum and pave the way for an upcoming visit by US President Barack Obama, an official said on Tuesday. Mr Kerry
      AFP  -  393 words
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      Lock icon Surprise rise in Malaysia’s Nov exports; trade surplus at 3-year high
      391 23 REUTERS Kuala Lumpur MALAYSIA’S exports in November rose unexpectedly, dodging the impact from tumbling world oil prices and providing a brief respite for the sliding ringgit. The South-east Asian exporter is grappling with sliding prices for energy and commodities
      REUTERS; PHOTO: AFP  -  391 words
    • Article
      Lock icon Oil rout will boost Asian economies, analysts say
      748 23 It provides governments with an opportunity to implement crucial structural reforms such as cutting energy subsidies AFP Singapore THE plunge in crude prices will give a much-needed boost to Asia’s oilguzzling economies and provide governments a “golden opportunity” to implement crucial structural
      AFP  -  748 words
    • Article
      Lock icon Japan Government Pension Investment Fund raises pay of chief
      547 23 Boosting wages may help it hire more money managers from the private sector BLOOMBERG Tokyo THE head of the world’s largest investor of retirement savings just got a 64 per cent pay rise. Japan’s Government Pension Investment Fund (GPIF) will increase
      BLOOMBERG  -  547 words
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      Lock icon Wages still flat despite US economic boom
      780 24 Although official unemployment rate has fallen to the lowest level in six years, labour market is not as tight as it suggests AFP Washington IT is one of the contradictions of the US economic boom: the unemployment rate has fallen to the lowest
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    • Article
      Lock icon US lawmakers’ vote paves way for tax cuts
      847 24 Republicans say ‘dynamic scoring’ reflects how fiscal policy can expand economy BLOOMBERG Washington THE US House of Representatives voted to make it easier to reduce taxes, passing a rule on the first day of the new session to let lawmakers assume that
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    • Article
      Lock icon EU Parliament head berates “irresponsible” Merkel over Greek plight
      417 24 AFP Berlin EU PARLIAMENT president Martin Schulz on Wednesday accused German Chancellor Angela Merkel of “irresponsible speculation” over suggestions that Greece may be allowed to exit the euro if the far-left wins elections this month. “The irresponsible speculation and debate over
      AFP  -  417 words
    • Article, Illustration
      Lock icon Europe needs to change attitude to work, family and immigrants
      824 24 NYT New York AS the United States economy slowly recovers, analysts across the political spectrum see little to cheer them from Europe. The optimists see the region’s economy growing by just one per cent in 2015; many others fear that
      NYT; PHOTO: REUTERS  -  824 words
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      34 22 WE’ll MISS DHONI Heshowed youngIndians nsmall ownsthat dreamscan beachieved i t CEO ON WEEKDAYS, YOGA TEACHER ON SUNDAYS GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      15 22 www.omy.sg i Vi > Selina pj* showbiz.omy.sg Download omy Apps omy Showbiz OS AppStore Google Play
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      31 24 Privatisation deals in local stock market likely to remain active this year remain active 0#(1!.+$ To subscribe, call 6388-3838 or go to sphsubscription.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    986 25 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hyundai Advance 329E 14 Jan 25 Jan 11 Feb 16 Feb 19 Feb 21 Feb 24 Feb 25 Feb 02 Mar 06 Mar 06
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      243 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE /v THE BUSINESS TIMES Shipping times Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 rf -f Si’ Announce Your
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  • OPINION
    • Article
      Lock icon Washington’s big opportunity on securing historic trade deals in 2015
      510 26 IF one wishes to see in the new year more initiatives to liberalise global trade, then 2015 is looking good. Indeed, when it comes to trade policies, the political stars are being aligned in Washington. EDITORIAL In the White House
      510 words
    • Article
      Lock icon Working hard, but working poor, in developing countries
      827 26  -  THE BOTTOM LINE By Gary Fields T The writer is professor of international and comparative labour and professor of economics at Cornell University and the 2014 recipient of the iza Prize in Labor Economics awarded by the Bonn, Germany-based Institute for the
      827 words
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      Lock icon Thesis on America’s decline not panning out
      1308 26  -  ‘Declinists’ have preached the end of US global leadership twice in 30 years. But don’t bet against the US. The roots of its power are structural, cultural and geographical. BY LEON HADAR BY LEON HADAR Washington SOME BT readers may not be old
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    • Article
      Lock icon Top five factors affecting oil prices in 2015
      774 27  -  COMMENTARY By Nick Cunningham AS WE ring in the New Year, let’s take stock of where we are at with the oil markets. Year 2014 proved to be a momentous one for the oil markets, having seen prices cut in half in
      774 words
    • Article
      Lock icon Singapore’s tax system toughens up
      1001 27  -  By Chung-Sim Siew Moon, Jonathan Stuart-Smith T Chung-Sim Siew Moon is Partner and Head of Tax, EY Singapore and Jonathan Stuart-Smith, Global Tax Desk Leader, Asia-Pacific and Japan Tax Desk The views in this article are their own WITH the Organisation for Economic Co-operation and
      1,001 words
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      Lock icon BATTLEGROUND EUROPE LOOMS
      898 27  -  In a series of elections, voters will have to decide whether to endorse existing governments, be tempted by populist anti-EU parties or just abstain.BY DENIS MACSHANE abstain.BY DENIS MACSHANE T The writer is a former Europe minister, a member of the OMFIF Advisory Board and author of
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon DASH named best overall diet for 5th year
      455 28 Panel of health specialists also rate it as the top diabetes diet and the best plan for healthy eating REU TERS New York THE DASH diet rich in vegetables, whole grains and low-fat dairy has been named the best overall diet for
      REUTERS; ST FILE PHOTO  -  455 words
    • Article, Illustration
      Lock icon In Japan, “meddlesome” guides seek confused tourists
      1086 28 WP Tokyo ON Dec 23, 15 men and women clad in matching yellow jackets gathered at the pedestrian-only zone in Tokyo’s Ginza district, where department stores and luxury brand shops are located. Printed on the back of their jackets are the words “Need
      WP; PHOTO: AFP  -  1,086 words
    • Article, Illustration
      Lock icon Grim new reality for once popular American TV genre
      744 28 AFP los Angeles FALLING ratings, cancelled shows and lurid scandals: 2014 was a trying year for reality television in the US, as American audiences wearied of producers chasing success by recycling the same old formats. The question is, will 2015 be
      AFP; FILE PHOTO  -  744 words
  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      343 28 CRYPTIC CROSSWORD Across 1 Replacement? Use it but it’s wonky one to get rid of (10) 6 Zoo animals? Some escape sometimes (4) 9 Shout when ex leaves demand for money? (5) 10 Tumbledown entrances given a new life (9) 12 Look at boy returning in disgrace (7) 13 Goes
      343 words