The Business Times, 17 January 2015

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Total Pages: 40
1 32 The Business Times
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      69 1 THE BUSINESS TIMES WEEKEND JANUARY 17 18 2015 LivingBT GUEST CHEF Matt Orlando of Denmark’s AMASS L5 EAT, PLAY, WORK A look at new multi-purpose spaces that have popped up in Singapore L2-4 LIVING Power of the pen L8-9 PHOTO: TWC PERSONAL SPACE The art of collecting furniture L10-11 MOTORING
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  • BT LIVING
    • DINING
      • Article, Illustration
        Lock icon EAT, PLAY, WORK
        2225 2 / 3  -  Several new multi-purpose spaces have popped up around Singapore, providing channels for a range of usage from events to shared workspaces. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg Room at the top Top Deck 223A Upper Thomson Road www.topdeck.sg HABITAT Coffee the coffee joint along
        2,225 words
      • Article, Illustration
        Lock icon An incredible journey
        1108 5  -  AMASS’s Matt Orlando, in town for a collaboration with Andre Chiang, shares his story. By Tay Suan Chiang guest chef By Tay Suan Chiang taysc@sph.com.sg HAD anyone told chef Matt Orlando 10 years ago, that he would be married to a Danish woman, and have his own
        1,108 words
      • Article, Illustration
        Lock icon Chefs in black
        760 6 / 7  -  A new cookbook calendar takes four of Singapore’s most prominent chefs out of their whites and into the spotlight. By Rachel Loi rachloi@sph.com.sg YOU often see them dressed in white, behind the kitchen counter putting food on our plates. So it’s almost hard to recognise four of
        PHOTOS: SARMENT ICONS COOKBOOK  -  760 words
      • Article
        Lock icon wine&dine
        753 6 / 7 with BTWeekend Atrium Lounge Marina Mandarin 6 Raffles Boulevard, Level 4Z6845-1111 Three-tier Afternoon Tea Back by popular demand! Be spoilt for choice as you take your pick from an array of decadent sweets, cupcakes and chocolates served in a three-tier stand. Enjoy a weekend afternoon tea, inclusive of premium
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      • Article, Illustration
        Lock icon Poularde en demi-deuil and spelt cassoulet
        405 6 / 7  -  By Chef Frédéric Colin Brasserie Gavroche For the bird 1 poulard, 2-2.5kg 30g fresh truffles 1 onion studded with 2 whole cloves 1 stalk of celery, cut into pieces 1 bouquet garni 125ml dry white wine 2L chicken broth Salt and pepper Truffle velouté
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    • LIVING
      • Article, Illustration
        Lock icon Power of the pen
        2092 8 / 9  -  Suffering from touchpad fatigue or the impersonal feel of emails and texts, more are turning to the romance of typing and gasp actually putting pen to paper. By May Yip and Rachel Loi By May Yip, Rachel Loi rachloi@sph.com.sg @RachelLoiBT AS WE painstakingly practised our cursive
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    • HOME & GARDEN
      • Article, Illustration
        Lock icon The art of collecting furniture
        1152 10 / 11  -  To Kiwha Lee Blocman, buying a piece of furniture is akin to purchasing a work of art. By Arthur Sim personal space By Arthur Sim THE common mantra that “cheap is good” is not one that Kiwha Lee Blocman necessarily abjures. But it is one
        ALL PHOTOS BY YEN MENG JIIN  -  1,152 words
    • WELLNESS
      • Article, Illustration
        Lock icon KNEAD PICKS
        1689 12 / 13  -  Massages and spa treatments don’t just help with kinks and sore spots, they focus on our overall wellbeing and health as well. By Jaime Ee, Cheah Ui-Hoon jaime@sph.com.sg @JaimeEeBT The Luxe House 7A Dempsey Road Z6479 9997 www.theluxehouse.com Open 1pm to 1am IF you’re harbouring thoughts of sinking
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    • MOTORING
      • Article, Illustration
        Lock icon Practical performance
        577 14  -  The BMW M3 Sedan’s practicality is as attractive a feature as its power. By Samuel Ee samuelee@sph.com.sg IT may have four doors like an ordinary compact saloon, albeit an extremely buff one, but the BMW M3 Sedan promises as high a fun factor as the BMW M4 Coupe.
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      • Article, Illustration
        Lock icon A LEXUS COUP
        665 15  -  The Lexus RC350 luxury coupe’s badge and styling means it is a refreshingly different alternative. By Samuel Ee By Samuel Ee samuelee@sph.com.sg UNTIL the arrival of the RC, Lexus had not had a coupe in its model line-up, which is unusual considering the Japanese luxury brand’s sustained
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    • SPORTS
      • Article, Illustration
        Lock icon Chevrolet scores big with Man U
        996 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent MARK Harland is a man who regards sports, including football, as a big part of his life but the 46-year-old Canadian never supported a particular football team until recently. That all changed in 2012 when the
        PHOTOS: ACTION IMAGES, REUTERS  -  996 words
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  • Page 5 Miscellaneous
    • Miscellaneous
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      12 5 KRALLENTERTAINMENTPRESENTS FeaturingBurnt Out Punks LABERORETURNSTOSINGAPORE WITHABRANDNEWFIERYSHOW! JUBILEE HALL 2015 Booknowatwww.sistic.com.sg•Ticketsalsoavailablethrough*****555 Moreinformation:www.labero.com.sg Areyoureadytobelieve?
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      86 12 / 13 ucr Preserving Health and Longevity HEART, STROKE CANCER CENTRE Worried about Bk \v» I Heart Attack? m CT Coronary Angiogram at $399* CALL (+65) 6881 8811 FOR YOUR APPOINTMENT TODAY The abovementioned price is not inclusive of CT IV contrast. Kindly present this during your visit. HEART, STROKE CANCER CENTRE
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JANUARY 17-18, 2015 S$1.00 MCI (P) 052/08/2014 A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon PM Lee redefines ‘economy faring well’
    759 1  -  That’s when GDP growth is 2 to 3 per cent a year over the next five years, he says By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE Singapore economy has reached a stage of its development where it is no longer possible to expand by
    759 words
  • Article
    Lock icon NODX up again for second month
    26 1 EXPORTS AFTER 28 straight months of decline, Singapore’s domestic shipments of electronic products made a surprise turnaround in December. 2
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  • Article
    Lock icon Extend productivity deadline
    25 1 ECONOMY IT is time to review our approach to economic restructuring, says Singapore Business Federation chief executive officer Ho Meng Kit. 3
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  • Article
    Lock icon Vote in good checks on govt: PM
    37 1 POLITICS THERE remains a desire for alternative views in Parliament, but Singaporeans by and large still want the ruling PAP to govern the country, says PM Lee Hsien Loong. 4
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  • Article
    Lock icon Swiss central bank rapped
    40 1 CURRENCIES SWITZERLAND’S central bank came under fire at home and abroad on Friday after scrapping its bid to stop the Swiss franc rising, which wreaked havoc on global markets and bankrupted several foreign exchange traders. 6
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  • Article, Illustration
    Lock icon S’pore Motorshow returns after 6-year hiatus
    681 1  -  By Samuel Ee samuelee@sph.com.sg Singapore MORE than six years after it was last held, the Singapore Motorshow 2015 returned to Suntec City with a muted bang but a bang nonetheless. There was only one concept car the Lexus LF-LC and no super sports cars,
    PHOTO: YEN MENG JIIN  -  681 words
  • Page 1 Advertisements
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        57 2 HSTI 3,300.68 (-38.16) HSTI FUTURES 3,300.00 (-38.00) HSIMSCI 370.28 (-3.49) HSIMSCI FUTURES 368.80 (-5.20) Friday Change KL COMP 1,743.57 -1.43 NIKKEI 225 16,864.16 -244.54 HANG SENG 24,103.52 -247.39 SET 1,517.74 -5.64 JAKARTA 5,148.38 -40.33 MANILA Closed KOSPI 1,888.13 -26.01 SHENZHEN B 1,073.35 +1.43 MUMBAI IND 28,121.89 +46.34 11am EST
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.889 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.324 (US$/S$ per 1.520 2.013 EURO (US$/S$/€ 1.163 1.540 Foreign currency per US$ S$ YEN 116.60 88.00 RM 3.566 2.693 HK$ 7.751 5.852 BAHT 32.65 24.65 RUPIAH 12,585 9,502 RENMINBI 6.201 4.682 INDIAN RUPEE 61.94 46.77 A$ 1.216 0.918 NZ$ 1.277 0.965
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    • Article, Illustration
      Lock icon Electronic exports in surprise comeback
      638 2  -  NODX in December up for second straight month, but it’s still too early for cheers By Chuang Peck Ming peckming@sph.com.sg Singapore AFTER 28 straight months of decline, Singapore’s domestic shipments of electronic products made a surprise turnaround in December to help push overall non-oil domestic
      Source: IE Singapore  -  638 words
    • Article
      Lock icon Restructuring approach needs timely review
      751 3  -  S’pore Business Federation head honcho urges tweaking of productivity targets deadline By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore IT is time to review our approach to economic restructuring, says Ho Meng Kit, chief executive officer of the Singapore Business Federation (SBF), adding that he hopes the
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    • Article
      Lock icon MPs file 105 questions for the House’s first sitting of 2015
      417 3  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE first parliament sitting of the new year takes place on Monday, with Members of Parliament having tabled a total of 105 questions 72 for oral answer and the rest for written responses.
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    • Article, Illustration
      Lock icon ‘People need to vote in MPs who are good checks on govt’
      772 4  -  PM Lee says voters still want PAP in charge, and that even opposition MPs don’t want to form the government INTERVIEW WITH PM LEE Reports by Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE remains a desire for alternative views
      PHOTO: ALPHONSUS CHERN / THE STRAITS TIMES  -  772 words
    • Article
      Lock icon PM’s one regret and greatest satisfaction in 10 years
      564 4 IF Prime Minister Lee Hsien Loong could turn back the clock, he would have ramped up Singapore’s infrastructure development by several notches to better cope with the demands of the rapid growth in the population. “In retrospect, it is easy to
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    • Article
      Lock icon Notable quotes
      373 5 INTERVIEW WITH PM LEE “We have slowed down the inflows and tightened up on foreign workers. It is causing employers a lot of pain. We will continue to adjust to get the balance as right as we can, but I don’t think we (can) relax because we have
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    • Article, Illustration
      Lock icon Swiss central bank draws flak for abandoning franc-euro cap
      1083 6 Swiss firms from watchmakers to ski resorts hammered by franc surge; stocks plunge AFP Reuters Zurich SWITZERLAND’S central bank came under fire at home and abroad on Friday after scrapping its bid to stop the franc from rising, which wreaked havoc
      AFP; Reuters; PHOTO: REUTERS  -  1,083 words
    • Article
      Lock icon Foundering faith
      348 6  -  iRS» REUTERS BREAKINCVIEWS By Swaha Pattanaik CENTRAL bankers have to live up to high expectations. Investors and politicians expect them to control inflation, prevent deflation, promote growth and keep the financial system healthy. The Swiss National Bank (SNB), an above-average institution, has failed at two simpler tasks: keeping
      348 words
    • Article, Illustration
      Lock icon Luxury-watch show opens amid tough times
      1146 7  -  Swiss watch industry faces high costs, low-growth key markets and end of Swiss franc-euro minimum exchange rate By Chuang Peck Ming peckming@sph.com.sg Singapore THIS year’s annual Salon International De La Haute Horlogerie (SIHH), one of the two biggest luxury-watch trade fairs, kicks off in
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      50 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 LIVING Dining L2-7 Living L8-9 Home Garden L10-11 Wellness L12-13 Motoring L14-15 Sports L16 Life Culture 31
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      183 3 I NANYANG I-/VSF TECHNOLOGICAL UNIVERSITY Wee Kim Wee School of Communication and Information SOAR WITH A GLOBAL UNIVERSITY ON A RAPID RISE. NTU. vsr 3 J r. Master of Mass Communication Doctor of Philosophy I i rr; Wee Kim Wee School of Communication and Information Graduate Programmes, August 2015 Intake
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      122 5 WHY IS EYE LEVEL AN EXCELLENT OPPORTUNITY FOR QUALIFIED ENTREPRENEURS? As a franchise owner you will enjoy Simple, effective sysfems for educating, marketing, sales and operations Extensive, proprietary curriculum, customized to the educational requirements of each student A time tested business model proven to attract and retain students A low
      122 words
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      88 7 A STRATEGY for RETAIL SUCCESS t For leasing enquiries, call 9145 7056 or visit www.thegrandstand.com.sg At 200 Turf Club Road (formally Turf City), the newest and biggest family lifestyle destination in the Bukit Timah district is getting ready to transform how we live, play and unwind giving new meaning to
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon BoJo, bona fide politician
      2309 8 / 9  -  Boris Johnson, mayor of London, heaves his blustery buffoonery about to great effect, parlaying his public persona’s capital into votes. By Joyce Hooi By Joyce Hooi joyceh@sph.com.sg IT is a muggy Saturday morning one November weekend, and as moisture hangs thick in the air of the
      PHOTO: YEN MENG JIIN  -  2,309 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Cambridge full-year DPU tops S$0.05 target
      621 10  -  Over-supply still a problem but trust emerges well from a tough year By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CAMBRIDGE Industrial Trust’s full-year distribution per unit (DPU) has crossed the five-cent mark that it had hoped to achieve. On Friday, it reported a DPU of
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    • Article
      Lock icon Airline shares soar in 2014, led by US carriers
      448 10  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore WORLDWIDE airline shares shot up as much as 40 per cent last year, fuelled largely by the US carriers which saw their share prices virtually double, according to a report. In its latest Airlines Financial
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    • Article
      Lock icon Centurion exploring Reit listing for dormitories
      286 10  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CENTURION Corporation is currently exploring the feasibility of spinning off a real estate investment trust (Reit) and injecting some of its worker accommodation assets into the Reit. If the plan materialises, the Reit will be listed on the
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    • Article
      Lock icon Soilbuild Reit rent dispute with JTC going to court
      304 10  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SB Reit Management, the manager of Soilbuild Business Space Reit, will be taking JTC Corporation to court over some S$3.5 million in additional rent payable to the latter for Solaris, a property Soilbuild Reit
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    • Article, Illustration
      Lock icon STI falls prey to renewed oil woes, Wall St volatility
      782 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent RENEWED weakness in oil prices, large swings on Wall Street and the shock decision by the Swiss central bank to remove the cap on its currency versus the euro made for a soft
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    • Article
      Lock icon SPH appoints Anthony Tan new head of Chinese Media group
      253 11  -  By Kelly Tay kelllytay@sph.com.sg @KellyTayBT Singapore SINGAPORE Press Holdings (SPH) on Friday announced the appointment of Anthony Tan as executive vice-president of Chinese Media group from Feb 1. Mr Tan, 41, was deputy secretary (policy) at the Ministry of Health.
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    • Article
      Lock icon Asean to refocus on healthcare delivery
      401 11  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HEALTHCARE businesses in the region are expected to generate more buzz this year, with healthcare delivery taking centrestage, telecommunications firms launching home health platforms and more blockbuster mergers and acquisitions, according to Frost Sullivan’s outlook for the sector.
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    • Article
      Lock icon STI STOCKS
      304 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 245 -1 246/244 254 206 5.8 6194.5 CapitaLand 325 -1 327/319 348 268 16.3 2.5 *****.9 CapitaMall Trust 218 +3 219/214 219 180 4.7 7560.9 CityDev 996 -9 1002/988 1118 860 13.5
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    • Article
      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US776 +3 252 788/766 790/541 772/776 97 UETF SSE50China 235 202 238/235 238/140 235/237 73.4 STI ETF 334 -4 202 340/334 343/298 334/336 GLD US$ US***** +279 63 *****/***** *****/***** *****/***** 62.6
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      Lock icon SIBOR
      31 12 Jan 16 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      797 12 For week beginning Jan 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) A-Sonic Aerospace 15-Jan-15 Janet LC Tan *Buy 270 0.08 5511 0.77 5781 0.81 Sapphire Corp 15-Jan-15 Teh
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 12 3 0 0 0 0 12 3 Manufacturing 26 59 37 7 11 7 33 70 44 Commerce 11 26 19 5 7 4 16 33 23 Tpt/Stor/Comms 4 28 11
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,818 24,818 121,676 121,676 Manufacturing 239,492 79,040 318,532 115,511 5,928 121,439 Commerce 150,792 20,468 171,260 156,970 1,046 158,016 Tpt/Stor/Comms 90,135 269 90,404 147,492 86 147,578 Finance 22,416 139 22,555 280,187 30 280,218 Construction 15,397 7,409
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jan 16 VALUE CLOSE BT OB/OS -489.00 -293.00 BT CADI -*****.00 -168.00 BT 10-day MA -*****.00 -49.00 FTSE ST Mid Cap 756.76 -2.81 FTSE ST Small Cap 493.16 -2.08 FTSE ST All Share 794.62 -7.79 FTSE ST China Top 191.37 -2.25 FTSE ST China 228.93 -2.09 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE AnnAik 632.0 0.085 +0.020 +30.77 Pan Asian 235.0 0.038 +0.006 +18.75 Dukang 3,547.0 0.152 +0.028 +22.58 Armarda 32,304.0 0.004 +0.001 +33.33 China Env 115,382 0.235 +0.037 +18.69 OLS^ 122,358 0.007 -0.005 -41.67 Magnus Energy 62,876.0 0.004 -0.001 -20.00 Alpha Energy 527.0 0.200 -0.050 -20.00 Tung
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    • Article
      Lock icon COMMODITY FUTURES
      192 13 Jan-15 Price Net change change Last Trade Agricultural Jan-15 CBOT Soybeans (US cents/bu) 991.00 -18.25 -1.81% 13/03/2015 CBOT Soybean Oil (US cents/lb) 32.99 0.17 0.52% 13/03/2015 CBOT Wheat (US cents/bu) 532.75 -5.00 -0.93% 13/03/2015 Jan-15 LIFFE Cocoa (£/tonne) 2044.00 -5.00 -0.24% 16/03/2015 LIFFE Coffee (US$/tonne) 1973.00 5.00 0.25%
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    • Article
      Lock icon PALM OIL
      57 13 Jan 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 15 2385.0 2348.0 2390.0 2338.0 337 9015 Feb 15 2371.0 2329.0 2376.0 2315.0 ***** ***** Mar 15 2351.0 2312.0 2354.0 2298.0 ***** ***** Apr 15 2318.0 2284.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 13 Jan 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.18 105.35 105.22 5-Year N*****0H 1.625 01-Oct-19 101.75 102.05 102.05 10-Year NY*****H 3.000 01-Sep-24 110.51 110.92 110.48 15-Year NY*****E 2.875 01-Jul-29 108.3 108.85 108.08 20-Year NZ*****V 3.375 01-Sep-33 116.07
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jan 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0888 1.0899 0.8225 0.8226 Canadian dollar 1.1059 1.1074 0.8358 0.8354 Euro 1.5390 1.5408 1.1626 1.1629 NZ dollar 1.0360 1.0376 0.7826 0.7831 Sterling pound 2.0119 2.0143 1.5198 1.5202
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      208 13 Jan 16 Most active Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.2 -0.1 ***** 1 1 71 3.50 31 DBS MB ePW*****2 10.5 0.8 7061 0.2 1910 3 DBS MB eCW*****2 9.2 -0.8 6680 0.1
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Jan 15 Index Change Change Change Change Change Change World Preliminary 1249.6 0.0 -2.1 -0.2 -2.1 0.2 -2.4 EAFE Preliminary 976.9 0.5 -1.0 0.6 -1.4 1.0 -1.7 Europe Preliminary 1371.6 0.3 -0.7
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article, Illustration
      Lock icon SGX queries unusual China Env, Koyo trading
      322 14  -  China Env up 18.7% with volume to boot; Koyo’s turnover surges By yiwenc@sph.com.sg Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SHARES of China Environment, a provider of industrial waste gas treatment solutions, shot up as much as 26.3 per cent on Friday in unusually
      Source: Bloomberg  -  322 words
    • Article
      Lock icon Yangtze tug sinking: Three Sembmarine unit employees on board
      162 14 Reuters Shanghai MORE than 20 people are missing after a tug boat sank in the Yangtze River in China’s eastern Jiangsu Province on Thursday, the state-run Xinhua news agency reported on Friday quoting local authorities. Seven or eight foreigners working on
      Reuters  -  162 words
    • Article
      Lock icon SGX to deepen ties with local startups
      662 14  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE Singapore Exchange (SGX) on Friday pledged its commitment to champion and be more active in the local startup ecosystem, with chief executive officer Magnus Bocker announcing that SGX is “finally” embracing a startup perspective and will
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    • Article
      Lock icon Perennial could take up to a 30% stake in AXA Tower
      345 14  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore PERENNIAL Real Estate Holdings may take on the role of an asset manager and could take up to a 30 per cent stake in AXA Tower. Responding to The Business Times story published
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Anson Rd office block now under single ownership
      473 15  -  Top 3 floors of Hub Synergy Point have been bought for S$30m By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A COMPANY controlled by a member of the Ho family of Keck Seng group is believed to have gained full ownership of a 28-sto-rey
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    • Article
      Lock icon Chinese developer clarifies project block
      189 15 Reuters Hong Kong PROPERTY developer China Overseas Land Investment (Coli) said on Friday that local authorities had blocked sales at one of its projects in Shenzhen for administrative reasons, and that this would not have any impact on its finances or operations. Around 2,900 units
      Reuters  -  189 words
    • Article
      Lock icon NZ bachelor pad beach homes get luxury makeover
      741 15  -  By Siobhan Downes NYT Auckland A VACATION home on the beach has long been the embodiment of the New Zealand dream. Called a bach, an abbreviation of bachelor pad, the traditional version was a modest structure, often haphazardly pieced together of cheap
      NYT  -  741 words
    • Article
      Lock icon Househunt
      1034 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 3 AND DEC 9, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 09/12/2014 99 1109 2355 2124 The Sail Marina Bay Apt
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  • BANKING & FINANCE
    • Article
      Lock icon Poor results from US banks spark concerns
      694 17 S&P closes below 2,000 for first time in a month, falling for fifth consecutive day AFP New York BIG US banks have gotten earnings season off to a bumpy start with a spate of reports that missed expectations and highlighted growing unease about
      AFP  -  694 words
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      Lock icon RBI may allow banks to buy infrastructure bonds: source
      441 17 Reuters Mumbai THE Reserve Bank of India (RBI) is considering allowing banks to buy infrastructure bonds, in a bid to jumpstart a market that has suffered from low trading volumes after launching last year, said a source with knowledge of the
      Reuters; PHOTO: REUTERS  -  441 words
    • Article
      Lock icon Vietnam wants to merge banks and close the weaker ones
      333 17 Bloomberg Hanoi VIETNAM’S central bank will push for bank mergers and force weak institutions into bankruptcy as it intensifies an overhaul of the country’s banking system to boost growth. The State Bank of Vietnam will step up measures to “drastically”
      Bloomberg  -  333 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Big Oil gets serious as cost cuts signal worst slump since 1986
      928 18 They are cutting jobs, cancelling refinery projects, giving up exploration Bloomberg London MAJOR oil companies are awaking from their slumber and facing up to the magnitude of the crash in crude prices. From Royal Dutch Shell plc cancelling
      Bloomberg; PHOTO: AFP  -  928 words
    • Article
      Lock icon Jakarta scraps land tax on oil-gas exploration
      384 18 Reuters Jakarta INDONESIA has scrapped a land tax that companies pay while exploring for oil and gas, a move that might encourage exploration at a time of concern that it could fall sharply because of tumbling oil prices. According to a ministerial decree
      Reuters  -  384 words
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  • TECHNOLOGY
    • Article
      Lock icon Google halts sales of Glass eyewear for now
      542 19 It insists the technology would live on in a future consumer product AFP San Francisco GOOGLE has announced it is halting sales of its Inter-net-linked eyewear Glass but insisted the technology would live on in a future consumer product. The technology titan
      AFP  -  542 words
    • Article, Illustration
      Lock icon Vietnam PM says impossible to ban social media: report
      428 19 AFP Hanoi VIETNAM’S Prime Minister Nguyen Tan Dung has conceded it is impossible for the communist country to ban social media, urging officials instead to embrace websites such as Facebook to spread the government’s message. Sites such as Facebook have at
      AFP; PHOTO: AFP  -  428 words
    • Article
      Lock icon Virgin, Qualcomm to invest in Internet-via-satellite venture
      330 19 Reuters Cape Canaveral, Florida RICHARD Branson’s Virgin Group and Qualcomm Inc will invest in a venture to build and fly a constellation of 648 satellites that can provide high-speed, global Internet access, company officials said. Some of the spacecraft will be launched by
      Reuters  -  330 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Target to close all Canada stores, after barely 2 years
      716 20 US retail giant concedes defeat; 17,600 workers to lose their jobs NYT Ottawa, Canada LESS than two years after opening in Canada, Target has conceded defeat and said it would shutter all its 133 stores, bringing an infamously ill-managed northward
      NYT; PHOTO: REUTERS  -  716 words
    • Article
      Lock icon Swiss franc’s rise freezes tourism
      457 20 Reuters Geneva THE Swiss Alps already looked pricey before the Swiss National Bank dropped its currency bombshell. Now, Swiss tourism fears being frozen out altogether. As the central bank’s shock decision on Thursday to scrap a cap on the Swiss franc pushed the currency up
      Reuters  -  457 words
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      74 20 HOT PROPERTY NEW INTER Corner Terr 37 39 Kang Choo Bin Rd 3 Sty with Roof Terr, Lift 1735 3835sf. 4+1+1 2682 4131sf. 5+1+1. Park 2 cars. Near Kovan MRT GORGEOUS S'GOON GDNS!!! 2-sty Large Corner Terr 2963sf >10m frontage! 4+1 Huge. 999yrs. $4.18M neg 3-STY CORNER TERR 5-rm, 2656/3000sf,
      74 words
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  • TRANSPORT
    • Article
      Lock icon S’pore port container throughput rises 4%
      563 21  -  33.9m TEUs maintain port as one of the world’s busiest in 2014; vessel arrival tonnage hits record 2.37b GT By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE Port of Singapore maintained its position as one of the busiest in the world as it recorded container
      563 words
    • Article
      Lock icon Los Angeles to require taxis to use Uber-style mobile app
      420 21 Reuters Los Angeles TAXI drivers in Los Angeles will be required to use an Uber-style app allowing riders to hail cabs from mobile phones, city officials decided on Thursday, in a move to help licensed taxis compete against ride-sharing services.
      Reuters  -  420 words
    • Article, Illustration
      Lock icon Qatar Airways inaugurates A350, throws down gauntlet to Lufthansa
      343 21 Reuters Frankfurt QATAR Airways has become the first airline to start regular flights with Airbus’s most advanced plane, the A350, throwing down a challenge to Germany’s Lufthansa at its home airport. Lufthansa has been a fierce critic of Middle Eastern airlines
      Reuters; PHOTO: AFP  -  343 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Cheap oil, strong US economy no cure for weak growth: Lagarde
      564 22 There are still powerful factors that weigh on the downside, says IMF chief Bloomberg Washington INTERNATIONAL Monetary Fund (IMF) managing director Christine Lagarde said cheap oil prices and a resurgent US economy won’t be enough to help overcome sluggishness
      Bloomberg  -  564 words
    • Article, Illustration
      Lock icon Prospect of Greek electoral stalemate scares business world
      469 22 AFP Athens GREECE had been expected to finally limp out of recession after six painful years in the red, before it was unexpectedly plunged into a snap general election set for Jan 25. Now, with a clear electoral result far from certain,
      AFP; PHOTO: AFP  -  469 words
    • Article
      Lock icon Europe police swoop on terror suspects
      316 22 Bloomberg Brussels BELGIAN police killed two terrorists and foiled a “major” attack on Thursday as security forces across Europe swooped on suspected Islamist cells amid heightened alert after last week’s massacre in France. The shootout in the eastern Belgian town of Verviers and other
      Bloomberg  -  316 words
    • Article, Illustration
      Lock icon China unveils new moves to lift economy
      601 23 Central bank to lend 50b yuan to banks at discounted rates as FDI growth slips to lowest since 2012 Reuters Beijing CHINA announced fresh support measures on Friday for its slowing economy after data showed a worrying drop in bank lending and foreign
      Reuters; PHOTO: REUTERS  -  601 words
    • Article
      Lock icon Infrastructure sales to drive Aussie bonds
      591 23 Reuters Sydney AUSTRALIA’S push to privatise A$130 billion (S$142 billion) worth of state assets is set to deepen its A$388 billion corporate bond market and boost business credit, helping lenders reduce an over-reliance on mortgages that has worried the central bank. The asset sales
      Reuters  -  591 words
    • Article
      Lock icon ECB studies Fed to decide on bond volume
      428 24 Bank staff have presented policy makers with models for buying as much as 500 billion euros of high-grade assets Bloomberg Paris THE European Central Bank is studying the experiences of the US and Britain with quantitative easing to decide what volume of
      Bloomberg  -  428 words
    • Article, Illustration
      Lock icon Cameron defends govt’s economic record against archbishops’ criticism
      519 24 Bloomberg London UK Prime Minister David Cameron defended his government’s record on tackling economic hardship after it was criticised by the two most senior clerics in the Church of England. Mr Cameron said that he “profoundly disagreed” with the analysis of the
      Bloomberg  -  519 words
    • Article, Illustration
      Lock icon December consumer prices down the most in 6 years
      556 25 Energy prices which fell 4.7% from Nov account for much of decline latest us data decline in four months. Bloomberg, Reuters Washington THE cost of living in the US declined in December by the most in six years, reflecting a plunge
      decline in four months. Bloomberg, Reuters; PHOTO: AFP  -  556 words
    • Article
      Lock icon Top China spy chief under investigation for corruption
      525 25 Reuters Beijing CHINA is investigating one of its top spy chiefs for corruption, the ruling Communist Party’s an-ti-graft watchdog said on Friday, signalling that the boldest crackdown on corruption in decades has spilled over into its powerful intelligence apparatus. Ma Jian, a
      Reuters  -  525 words
    • Article
      Lock icon HK student leaders arrested, released without charge
      354 25 AFP Hong Kong HONG KONG student leaders including the teenage face of the pro-democracy movement, Joshua Wong, were arrested on Friday on charges relating to mass protests as authorities target prominent figures who spearheaded the rallies. Police have vowed to investigate the “principal
      AFP  -  354 words
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      258 24 Enjoy 25% off your total food and beverage bill at Man Fu Yuan!(Promotional offer is valid for dinner only) Venue: Man Fu Yuan, Level 2, InterContinental Singapore, 80 Middle Road, Singapore *****6 Tel: (65) 6825 1008 Enquiries: intercontinental.dining@ihg.com Website: intercontinental.com/singapore About Man Fu Yuan at InterContinental Singapore Man Fu Yuan
      258 words
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  • OPINION
    • Article, Illustration
      Lock icon A wake-up call for Indonesia
      1123 26 / 27  -  Flight QZ8501’s crash highlights the urgency needed to tackle the problem of air safety, and indeed many aspects of the country’s infrastructure. By Shoeb Kagda By Shoeb Kagda ~The writer is co-founder of Synthesis Indonesia, a PR consulting firm based in Jakarta, and editor-in-chief of
      PHOTO: BLOOMBERG  -  1,123 words
    • Article
      Lock icon We can’t ignore the future of driverless cars
      905 26 / 27  -  By Stephen Carter Bloomberg View YOU might have missed the news that the University of Michigan last month completed construction of a 32 acre miniature city that will enable the safe testing of, among other things, “connected and automated vehicle technology” that
      Bloomberg View  -  905 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Fiscal lessons from Switzerland’s 1-day, 18% currency rise
        939 28 / 29  -  The Swiss National Bank has since the eurozone crisis of 2011 upheld a peg against the euro which is now untenable. By Neil Irwin By Neil Irwin NYT THESE are strange and unnerving times in global financial markets, and if Thursday’s jaw-dropping
        NYT; PHOTO: REUTERS  -  939 words
      • Article
        Lock icon Swiss debacle sends shockwaves from NY to NZ
        500 28 / 29 Bloomberg Wellington CASUALTIES mounted from the Swiss currency shock as a US online brokerage said client debts threatened to push it out of compliance with capital rules and a New Zealand- based dealer went out of business. FXCM Inc, a New York-based
        Bloomberg  -  500 words
      • BROKERS’ TAKE
        • Article
          Lock icon Noble Group
          232 28 / 29 Overweight Morgan Stanley Research Jan 15 Jan 1 6 close: S$0.99 Price target: S$1.50 INVESTORS have wiped more than US$2 billion off Noble Group’s market capitalisation since June 2014. With the shares back to global financial crisis (GFC) lows, our “What’s in the Price” model suggests that a
          232 words
        • Article
          Lock icon Singapore Airlines
          173 28 / 29  -  Compiled by Teh Shi Ning Overweight JP Morgan Asia Pacific Equity Research Jan 15 Jan 16 close: S$12.11 Price target: S$12.50 SINGAPORE Airlines’ (SIA) passenger traffic fell 1 per cent year-on-year in December, in line with its 2014 drop, but weaker than Cathay’s 8 per cent growth and
          173 words
      • Article, Illustration
        Lock icon Oil market prices go against ETF bulls
        824 30 Contango in the market makes it difficult for oil fund investments to pay off even if prices actually rebound Bloomberg New York THE US$2.3 billion that has poured into funds that track oil since December would seem like a logical enough investment. After
        Bloomberg; PHOTO: REUTERS  -  824 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon No Cuban beach holiday yet for Americans
      527 31 Reuters Havana AMERICAN travellers, beware: you can’t legally book your next beach vacation to Cuba just yet. New US rules that came into effect on Friday as part of moves to improve relations with Washington’s old Cold War foe will allow expanded travel
      Reuters; PHOTO: AFP  -  527 words
    • Article, Illustration
      Lock icon US online music service Rdio launches business in India
      431 31 NYT New York THE streaming music wars have arrived in India. Rdio, an online music service that competes with outlets like Spotify, Pandora and Deezer, announced on Thursday that it had opened in India, beating its Western competitors there. Based in
      NYT; FILE PHOTO  -  431 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      308 31 CRYPTIC CROSSWORD Across 1 Pirate on S American river that may be seen on board (6,5) 9 Game that’s bound to go with whisky (9) 10 Reserves bets on races (5) 11 Nelly is confused about love, and without boyfriends? (6) 12 Reptile brings back one young salmon in ten
      308 words
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      44 words