The Business Times, 21 January 2015

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    24 1 THE BUSINESS TIMES S$1.00 Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Wednesday, January 21,2015
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  • DAILY DIGEST
    • Article
      Lock icon Prime Minister Najib
      30 1 Razak has revised growth and fiscal deficit targets “to align” Malaysia with changes in the global environment stemming from the sharp decline in oil prices.TOP STORIES 2
      30 words
    • Article
      Lock icon Singapore has again
      17 1 been ranked as the world’s second-most talent competitive country, behind Switzerland. TOP STORIES 4
      17 words
    • Article, Illustration
      Lock icon HDB'S net deficit
      29 1 will continue to be high as more new flats are completed and handed over to homeowners, said National Development Minister Khaw Boon wan. TOP STORIES 6
      29 words
    • Article
      Lock icon Keppel Telecommunications
      19 1 Transportation posted a bumper fourth-quarter bottom line and recommended a special dividend on Tuesday. COMPANIES MARKETS 7
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    • Article
      Lock icon Shares of Keppel Land
      37 1 hit a 52-week high on Tuesday, closing 1.1 per cent higher at S$3.65, even while rumours of a potential privatisation by its parent were dismissed by analysts covering the stock. COMPANIES MARKETS 8
      37 words
    • Article
      Lock icon Foreign investors eager
      34 1 to tap the next generation of Chinese firms should soon be able to directly trade stocks in Shenzhen, but high valuations and extreme volatility may limit early inflows. BANKING FINANCE 14
      34 words
  • Article, Illustration
    Lock icon IMF again lowers its global economic growth forecasts
    950 1  -  Impact of lower oil prices expected to be more than offset by the challenges weighing on the global economy By Anthony Rowley btworld@sph.com.sg Tokyo THE International Monetary Fund (IMF) on Tuesday revised downwards its world economic growth projections for this year and
    PHOTO: REUTERS  -  950 words
  • Article
    Lock icon Fair Tenancy Framework launched with room for refinement
    557 1  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE Fair Tenancy Framework launched on Tuesday, which aims to help small and medium-sized enterprises (SMEs) negotiate fairer tenancy agreements, is a work in progress, says the working group behind it. The Rental Practices Working Group
    557 words
  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 3,334.02 +26.32 KL COMP 1,750.11 -3.20 NIKKEI 225 17,366.30 +352.01 HANG SENG 23,951.16 +212.67 SHENZHEN B 1,058.19 +22.75 DOW (11am EST) 17,398.19 -113.38
    27 words
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      Lock icon Page 1 Advertisements Column 1
      10 1 *****4 STRAIT TALK Shipping sector has something to celebrate TRANSPORT/21
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      23 1 MONEY MATTERS Endgame for central banks EXECUTIVE MONEY 27 BEARISH OUTLOOK Exec condo land bids slump to lowest since 2011 real estate 12
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      60 1 CORRUPTION DEBATE Time China, India created own anti-graft indices OPINION 24 FIRST MOVERS WILL ALWAYS CHANGE THE WORLD. BUT WHICH ONE? >> Discover our approach at juliusbaer.com/visionary-thinking Julius Baer is the leading Swiss private banking group and present in some 50 locations worldwide. From Dubai, Frankfurt, Geneva, Guernsey, Hong Kong,
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  • TOP STORIES
    • Article
      Lock icon Najib revises growth and fiscal deficit targets amid oil price fall
      674 2  -  Govt’s operating expenditure to be cut by RM5.5b; plans for more import substitution in goods services announced KL CUTBACK By Pauline Ng btworld@sph.com.sg Kuala Lumpur PRIME Minister Najib Razak has revised growth and fiscal deficit targets “to align” Malaysia
      674 words
    • Article, Illustration
      Lock icon Fewer CEOs see better global economy this year
      496 2  -  By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore FEWER CEOs worldwide now expect the global economy to improve in 2015, though those based in the Asia-Pacific and particularly the Asean region were more optimistic than their peers. This is according to an annual
      Source: PwC 18th Annual Global CEO Survey  -  496 words
    • Article
      Lock icon Malaysia’s budget tweaks rooted in harsh reality
      629 2  -  COMMENTARY BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Malaysia has moved to soften the sting of slumping oil prices and a battered currency amid a less rosy global economic backdrop by making credible revisions to its 2015 budget, just three months after it was tabled.
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    • Article
      Lock icon PICTET
      270 2 Pictet-Absl Rtn Fxd Inc-HP EUR 15/01/2015 EUR 104,52 Pictet-Absl Rtn Glo Div-P EUR 15/01/2015 EUR 117,20 Pictet-Asian Equities Ex Japan-P USD 16/01/2015 USD 205,43 Pictet-Asian Local Currency Debt-P USD 16/01/2015 USD 148,69 Pictet-Biotech-P USD 15/01/2015 USD 702,84 Pictet-Clean Energy-P USD 15/01/2015 USD 80,83 Pictet-Digital Communication-P USD 15/01/2015 USD 207,64
      270 words
    • Article
      Lock icon China’s GDP growth hits 24-year low; slowdown seen continuing
      590 2  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S GDP growth in 2014 has come in at 7.4 per cent a 24-year low that just misses the 7.5 per cent target set by the government. The figure is in line with what Beijing has
      590 words
    • Article
      Lock icon S’pore ranked No 2 again in talent-competitiveness
      483 4  -  It does well in ease of doing business and male-female earnings ratio, but Insead says it should raise its spending on R&D and its tolerance towards minorities and immigrants GLOBAL TALENT By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE has again been ranked as
      483 words
    • Article
      Lock icon ‘Hire local’ drive sees employers wooing S’poreans abroad
      473 4  -  By Fiona Lam fionalam@sph.com.sg Singapore EMPLOYERS in Singapore are taking to wooing overseas Singaporeans to widen the candidate pool amid the talent crunch here. The Robert Walters’ Global Salary Survey 2015 has found that the domestic talent pool is going to get
      473 words
    • Article, Illustration
      Lock icon Susan Chong is sole S’porean in EY women entrepreneur programme
      535 4  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE founder and chief executive of homegrown green-packaging firm Greenpac has emerged as the only Singaporean among 14 women nominated for the inaugural Ernst Young Entrepreneurial Winning Women Asia-Pacific (EY EWW Apac) programme. Under
      FILE PHOTO  -  535 words
    • Article, Illustration
      Lock icon Net deficit at HDB to stay high in coming years: Khaw Boon Wan
      429 6  -  This is due to flats being completed progressively and handed over to homeowners YESTERDAY IN PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE Housing and Development Board’s (HDB) net deficit will continue to be high in the
      429 words
    • Article
      Lock icon QZ8501 stalled after climb, no evidence of terrorism: minister
      676 6 AIRASIA CRASH BLOOMBERG REUTERS Jakarta AIRASIA Flight 8501 appears to have stalled after climbing steeply, an Indonesian government minister said, while its cockpit voice recorder provided no evidence of terrorism having brought down the plane. The Airbus Group NV A320 probably
      BLOOMBERG; REUTERS  -  676 words
    • Article
      Lock icon Locally made Trent 1000 engines to power Scoot’s new Dreamliners
      535 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore LOCAL budget carrier Scoot will see most of its upcoming 20 Boeing 787s powered by Trent 1000 engines made here in Singapore by Rolls-Royce. The medium/long-haul, low-cost airline is set to take delivery of
      535 words
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      Lock icon Page 2 Advertisements Column 1
      227 2 The 29th Chua Chor Teck Memorial Lecture Innovations in Marine Technology Nothing is Impossible, Only Improbable Alectureby Dr Jerry Ng ChiefExecutiveOfficer,BlueOceanSolutions Overthelast50years,wheneverfacedwithadverse,challengingsituations,Marine Engineers &Technologists have repeatedly risen to the occasion by coming out with innovative ideas and solutions.This resulted in a whole range of new technologies,includingmorefuelefficientmarineenginesandpropulsionsystems, new eco-hulls, innovative fuel
      227 words
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      Lock icon Page 2 Advertisements Column 2
      55 2 ONLINE SALE www.oaks.com.sg Wine, Whisky, Sake, Champagne, Life Style and Wine Accessories Over 500 products available.. Chinese New Year Hampers Selection of Wine Hampers For clients, colleagues, Family and friends! From S$200.00 -S$1,000.00 It's} I 'DiscoveryI The Oaks Cellars Pte Ltd 315 Outram Road #12-09 Tan Boon Singapore *****4 T;
      55 words
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      161 4 m Retirement Investments Insurance AVIVA Health For 2015, our priority is still you. Hand in hand with our banking and financial advisory partners, we've got your back for the big milestones and experiences in life. But we know that even as those big things happen, little things matter. Which is
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      144 6 A*-** ?,W* vf..\ y> L Ip Wf>\ <h Wf I wjjjsfc- kit. h r. L K fe I m 1 mv-, U. i I A v» >4 5; v II M A r* 1 ■> < >' LEE MAN FONG I Balinese Procession I Oil on board I 90 x
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  • COMPANIES & MARKETS
    • Article
      Lock icon Bumper payout as spin-off buoys Keppel T&T’s Q4 bottom line
      486 7  -  One-off gains lift quarter’s net profit to S$198.4m from S$17.7m; final, special dividends total S$0.15 per share By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore FOLLOWING a spin-off of assets into Keppel DC Reit, Keppel Telecommunications Transportation (Keppel T&T) posted a bumper
      486 words
    • Article
      Lock icon Mapletree Industrial’s Q3 DPU up 6.4%
      439 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MAPLETREE Industrial Trust on Tuesday reported a 6.4 per cent increase in distribution per unit (DPU) to 2.67 Singapore cents for its third quarter ended Dec 31, 2014. This was up from the 2.51 cents that it paid
      439 words
    • Article
      Lock icon Lian Beng doubles H1 profit to S$35.5m
      362 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MAINBOARD-LISTED Lian Beng Group has doubled its net profit to S$35.5 million for the first six months of its financial year ending Nov 30, 2014, largely due to the spike in share of results of associates and
      362 words
    • Article
      Lock icon Green Build taken off SGX watch list
      159 7 Singapore GREEN Build Technology Ltd, formerly known as Youyue International Ltd, has been removed from the SGX watch list after returning to profitability and having a market capitalisation in excess of S$40 million over the last 120 trading days. Previously, the company was
      159 words
    • Article, Illustration
      Lock icon Analysts sense special dividend as KepLand soars ahead of results
      579 8  -  Payout possibility based on gains from MBFC Tower 3 stake sale; talk of parent taking KepLand private seen unlikely HOT STOCKS By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SHARES of Keppel Land hit a 52-week high on Tuesday, closing 1.1 per
      Source: Bloomberg  -  579 words
    • Article, Illustration
      Lock icon M1 gets 2.5% bounce on back of record results
      374 8  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore NEWS of M1’s record full-year profit and a surprisingly juicy dividend gave the telco’s stock a 2.5 per cent bounce in trading on Tuesday. The counter gained nine Singapore cents, finishing at S$3.71. On Monday,
      Source: Bloomberg  -  374 words
    • Article
      Lock icon Itochu, CP Group to jointly invest US$10b in China’s Citic
      473 8 REUTERS Tokyo JAPANESE trading house Itochu Corp and Thailand’s Charoen Pokphand Group (CP) said on Tuesday that they plan to jointly invest US$10 billion in Citic Group, China’s oldest and biggest conglomerate. Itochu and CP Group plan to contribute evenly
      REUTERS  -  473 words
    • Article
      Lock icon Blumont in share placement deal with ‘private’ individual
      257 8  -  By Joyce Hooi joyceh@sph.com.sg JoyceHooiBT Singapore BLUMONT Group has agreed to place out 100 million new ordinary shares to a “private individual investor”, at S$0.***** apiece in a deal that will net the firm an estimated S$1.67 million after expenses. The investor,
      257 words
    • Article
      Lock icon Everbright Water shares up on news of S$113m placement
      384 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore WATER treatment firm China Everbright Water closed higher after it announced a placement of 120.7 million new shares at S$0.94 each to raise S$ 113.4 million for growth and expansion purposes. After an initial dip
      384 words
    • Article
      Lock icon Analysts see opportunities in Asia and Europe stocks
      1078 9  -  Reasons cited include reforms in China and India and relatively cheap equities in Japan and Europe By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore A FEW weeks into a dramatic new year for financial markets that saw oil and copper crash, Greece exit fears,
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    • Article
      Lock icon China Yuanbang chairman’s ‘private matters’ under probe
      230 9  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore THE executive chairman of China Yuanbang Property Holdings Limited (China Yuanbang), Chen Jianfeng, has reportedly been asked to assist the Chinese authorities in their investigation of his “private matters”. In a filing to the Singapore Exchange on
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    • Article
      Lock icon Catella raises exposure to stocks that will benefit from Europe’s recovery
      318 9 BLOOMBERG Stockholm CATELLA Hedge Fund, a Swedish investor with more than US$1 billion in assets under management, is buying up stocks it says will do well if Europe’s recovery picks up. After returning 8.2 per cent last year and
      BLOOMBERG  -  318 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index Jan 20,2014 3,334.02 +26.32 (+0.80%) Current streak 2 days Day high 3,338.69 Day low 3,311.59 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Jan 20,2015 725.79 +1.94 (+0.27%) Current streak 1 day Day high 726.92 Day low
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    • Article, Illustration
      Lock icon STI gets boost from rise in bank stocks
      648 10  -  Traders positioning themselves ahead of expected gains in eurozone and US markets STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A SHARP rise in the three banks on Tuesday helped push the Straits Times index 26.32 points, or 0.8 per cent, up to 3,334.02
      Source: Bloomberg  -  648 words
    • Article
      Lock icon STI STOCKS
      304 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 252 +2 252/248 254 206 5.7 6371.4 CapitaLand 334 +4 334/331 348 268 16.7 2.4 *****.5 CapitaMall Trust 216 unch 217/213 220 180 4.8 7491.5 CityDev 1018 +12 1020/1006 1118 860 13.8
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME Resources Prima 89,840,200 SIIC Environment 79,682,900 IHC 56,135,000 Xpress 48,982,700 Memstar Tech 35,463,700 Market volume 1,426,842,000 VALUE Keppel Corp 63,548,222 SingTel 59,941,636 UOB 43,950,801 CapitaMall Trust 41,847,855 DBS Grp 41,029,827 Market value 946,600,000
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    • Article
      Lock icon SGX ETFs Most Active
      110 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap ABF SG Bond ETF 117.2 +0.2 ***** 117.2/117 118/110.2 116.5/117 535 UETF SSE50China 224 +5 135 224/220 238/140 223/224 70 IS MS India US$ US787 +7 111 787/771 791/541 784/787 98.4 STI ETF 339 +3 42
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Jan 20 VALUE CLOSE BT OB/OS -197.00 +261.00 BT CADI -*****.00 +115.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 765.02 +5.86 FTSE ST Small Cap 493.86 +2.70 FTSE ST All Share 802.31 +6.18 FTSE ST China Top 192.68 +1.56 FTSE ST China 230.45 +0.58 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index Jan 20,2015 802.31 +6.18 (+0.78%) Current streak 2 days Day high 802.77 Day low 797.24 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index Jan 19,2014 1,760.33 +18.43 (+1.06%) Current streak 1 day Day high 1,765.86 Day low 1,746.14 52-week high 1,995.49 (Jul 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 56 32 38 13 6 8 69 38 46 Commerce 22 13 24 4 4 6 26 17 30 Tpt/Stor/Comms 24 8 10
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,291 25,291 99,238 99,238 Manufacturing 213,670 43,423 257,093 63,036 5,758 68,794 Commerce 56,582 39,023 95,605 68,842 1,055 69,897 Tpt/Stor/Comms 91,097 380 91,477 146,136 101 146,237 Finance 18,359 5 18,364 128,862 1 128,863 Construction 14,360 3,137
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    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low DBXT USDIGInfl US$ ***** 1070.4 2.9 *****/***** DBXT AUDCS AU$ ***** 431.3 1.9 *****/***** IS S&P500 US$ ***** 414.8 1.6 *****/***** GLD US$ ***** 191.3 1.2 *****/***** DBXT China50 US$ 3358 111.1 2.5 3464/2577 BY PERCENTAGE CLOSE UP 52w high/low CN9000MBePW*****0 6 57.9
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    • Article
      Lock icon LOSERS
      74 10 BY CENTS CLOSE DOWN 52w high/low Lyxor Idonesia US$ 8737 -381.3 -3.2 9636/7347 DBXT MSAsExJp US$ 3574 -101.7 -2.1 3808/2802 Kep Corp.ES.1501 815 -24.0 -2.9 839/815 DBXT MSBrazil US$ 377 -17.4 -3.3 614/357 HongkongLand USD 748 -14.7 -1.4 830/584 BY PERCENTAGE CLOSE DOWN 52w high/low Advance SCT 0.1 -50.0
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE Resources Prima 89,840.2 0.127 +0.025 +24.51 Ace Achieve Info 1,006.0 0.025 +0.004 +19.05 Infinio 2,001.1 0.002 -0.001 -33.33 Shanghai Turbo 50.0 0.075 +0.004 +5.63 Foreland FabriT 416.2 0.009 -0.003 -25.00 Xpress 48,982.7 0.008 -0.001 -11.11 AEI 485.0 0.120 +0.005 +4.35 Mercator Lines 345.0 0.100 +0.011
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    • BROKERS’ TAKE
      • Article
        Lock icon China Everbright Water
        223 10 Buy Jan 20 close: S$1.05 Target price: S$1.26 Maybank Kim Eng Research, Jan 20 CHINA Everbright Water (CEW) announced an issue of 120.7 million new shares to IFC and RRJ at S$0.94 apiece. This represents a 9 per cent discount to its last closing price. The new
        223 words
      • Article
        Lock icon Keppel Reit
        192 10  -  Compiled by Joyce Hooi Neutral Jan 20 close: S$1.235 Target price: S$1.18 DMG Partners Research, Jan 20 Q4 2014/FY2014 distributions per unit (DPUs) fell 23.4 per cent/8.2 per cent year on year on lower rental support as well as higher borrowing costs. Reiterate “neutral” and dividend discount model-based
        192 words
    • Article
      Lock icon CALENDAR
      13 10 DATA I 4pm COE bidding results I 8pm US MBA mortgage applications
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    • Article
      Lock icon Yen falls again on China Q4 growth figure
      426 11 CURRENCIES BLOOMBERG REUTERS Tokyo THE yen declined for a third day versus the dollar as a report showed China’s fourth-quarter growth held steady at 7.3 per cent from a year earlier, slightly better than expectations. The Japanese currency fell against all but
      BLOOMBERG; REUTERS  -  426 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Jan 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.980 5.093 0.707 6.352 50.625 103.170 0.969 8.913 2.957 1.061 82.516 36.569 1.096 9.547 0.719 25.964 26.824 0.542 0.819 Canada 1.020 5.195
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        Lock icon HANG SENG
        2 11
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        Lock icon NIKKEI
        1 11
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        Lock icon SHANGHAI COMPOSITE
        2 11
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        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Jan 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0961 1.0964 0.8192 0.8194 Canadian dollar 1.1180 1.1184 0.8358 0.8356 Euro 1.5505 1.5507 1.1588 1.1589 NZ dollar 1.0333 1.0341 0.7723 0.7728 Sterling pound 2.0206 2.0213 1.5102 1.5106
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Jan 20 S$ Bid Offer 1-month 1.3383 1.3387 2-months 1.3386 1.3391 3-months 1.3390 1.3395 6-months 1.3401 1.3408 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        209 11 Jan 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****2 10.1 1.6 4236 0.1 0 5 Singapore ExchangeMBeCW*****3 13.8 0.9 3069 0.2 790 7 UOB MB eCW*****5 7.6 0.7 2957 0.1 2480 3 KepCorp
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Jan 19 Index Change Change Change Change Change Change World Preliminary 1258.0 0.3 -1.4 0.9 -1.0 0.4 -1.6 EAFE Preliminary 982.3 0.8 -0.5 1.5 -0.2 1.1 -0.8 Europe Preliminary 1385.9 1.1 0.3
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        362 11 Jan 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.65 *****.30 *****.77 Mar15 *****.00 *****.00 *****.00 *****.00 *****4 *****5 Jun15 *****.00 *****.00 *****.00 *****.00 37 3926 MSCI TAIWAN INDEX FUTURES SPOT 339.73 341.73 338.91 Jan15 339.40 342.40 338.30 342.10 ***** *****7 Feb15 339.20
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Jan 20 $S Offer Bid 0vernight 0.05 0.02 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6872 0.5625 Overnight mode: 0.03 US$ 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 SIBOR
        36 11 Jan 20 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 11 Jan 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.02 105.10 105.08 5-Year N*****0H 1.625 01-Oct-19 101.25 101.40 101.28 10-Year NY*****H 3.000 01-Sep-24 109.59 110.08 109.60 15-Year NY*****E 2.875 01-Jul-29 107.37 107.72 107.35 20-Year NZ*****V 3.375 01-Sep-33 114.92
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        248 11 Jan-19 Price Net change change Last Trade Agricultural Jan-16 CBOT Soybeans (US cents/bu) 991.75 0.75 0.08% 13/03/2015 CBOT Soybean Oil (US cents/lb) 33.39 0.40 1.21% 13/03/2015 CBOT Wheat (US cents/bu) 532.75 unch 0.00% 13/03/2014 Jan-19 LIFFE Cocoa (£/tonne) 2034.00 3.00 0.15% 16/03/2015 LIFFE Coffee (US$/tonne) 1939.00 -2.00 -0.10%
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      Lock icon Page 7 Advertisements Column 1
      45 7 (USD billion) Net Profit US$2.9 billion up by 10.3% on 2013. 2.9 2.6 2.3 2.1 1.6 1.2 2009 2010 2011 2012 2013 Total Assets US$133.6 billion up by 9.7% on 2013. 133.6 121.8 100.8 82.9 61.4 49.3 2014 2013 2012 2011 2010 2009 (USD billion)
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      83 8 33 AUCTION 2015 EVENING SALE MODERN AND CONTEMPORARY ASIAN ART Friday 23 Jan 2015 6pm Onwards Grand Hyatt Singapore ft ■iv t na .-i WQ r W T' r v jjw v v H Snhadi Soedarsono «vlVi *V^. uv Affandi Basoeki Abdullah *4. 4 Hendra Gunawan Mao Xu Hui Ta
      83 words
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      264 8 InvestorRelationsHighlights EMAS AMC won strategic subsea construction contract from Apache Energy with Lewek Constellation for work offshore Australia EMAS AMC, the subsea division of EMAS, a leading global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, announced that it has secured a subsea
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      30 8 2If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars?
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Exec condo land bids slump to lowest since 2011
      648 12  -  Bids for Sengkang parcel come in below expectations; Sim Lian’s top bid 24% below price of nearby plot last Feb By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE generally weak sales at most executive condo launches in recent months are eroding developers’
      Source: HDB,JLL, onemap  -  648 words
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      Lock icon China insurers on prowl for trophy properties
      1069 12 New breed of buyers have boosted prices in New York and London BLOOMBERG Hong Kong WHAT do New York’s most famous hotel, the Lloyd’s of London building and the headquarters of the UK’s top law firm have in common? They’re all owned by
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,069 words
    • Article
      Lock icon China developers seek alternative finance as offshore market dries up
      413 12 REUTERS Hong Kong CHINESE property companies are having to turn to more expensive sources of finance as problems at developer Kaisa Group make it increasingly difficult for them to get credit in the offshore market. Kaisa’s failure this month to
      REUTERS  -  413 words
    • Article
      Lock icon China’s new home sales jump after interest rate cut boosts demand
      603 12 Housing sales surge 41% to 938.4 billion yuan from November and are 4.2% higher than a year earlier BLOOMBERG Beijing CHINA’S new-home sales jumped last month after the first interest rate cut since 2012 boosted demand and developers made
      BLOOMBERG  -  603 words
    • Article
      Lock icon HK tightens investor mortgage rules amid record prices
      248 12 BLOOMBERG Hong Kong HONG Kong tightened mortgage lending rules, restricting the amount that banks can lend to property investors amid record home prices in the city. Lenders should raise the discount they apply to rental income when calculating the size of an
      BLOOMBERG  -  248 words
    • Article, Illustration
      Lock icon Evaluating Not-for-Profit spending
      1482 13 A Special Feature Brought to You By Singapore Management University SMU Professor of Accounting and former Auditor-General of Singapore Lim Soo Ping shares why performance auditing plays an increasingly important role, especially in non-profit organisations ASK Singapore Management University (SMU) Professor of Accounting (Practice) Lim Soo Ping
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      160 13 SMU Master of Science in CFO Leadership FROM FINANCE LEADER TO BUSINESS MAKE YOUR MARK IN EVERY ROLE The Master of Science in CFO Leadership programme at Singapore Management University is the first postgraduate degree programme specially designed to develop CFOs and finance leaders for today’s complex and challenging business
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  • BANKING & FINANCE
    • Article
      Lock icon Investors await start of Shenzhen trading link
      736 14 Many eager to tap into the port city’s slew of “smaller, newer, more exciting” firms REUTERS Shanghai FOREIGN investors eager to tap into the next generation of Chinese firms should soon be able to directly trade stocks in Shenzhen, but the high valuations
      REUTERS  -  736 words
    • Article
      Lock icon Europeanbanking sector continuing to heal: ECB
      388 14 AFP BLOOMBERG Frankfurt EUROPE’S battered financial sector is showing further signs of healing as conditions for bank loans ease and demand for loans picks up, a key ECB survey showed on Tuesday. The European Central Bank said its quarterly bank lending survey showed that
      AFP; BLOOMBERG  -  388 words
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      Lock icon China’s 122.8t yuan headache underscored by equity swings
      540 14 BLOOMBERG Beijing FOR China’s central bank, the 36 per cent stock market rally through Jan 16 spurred in part by a surprise November interest-rate cut is the latest reminder that it’s easier to unleash money than to guide it to the right
      BLOOMBERG; PHOTO: AFP  -  540 words
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      1126 14 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FOURTH QUARTER AND FINANCIAL YEAR ENDED 31 DECEMBER 2014 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the fourth quarter and financial year
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  • ENERGY & COMMODITIES
    • Article
      Lock icon April’s credit-line reset looms for cash-short US oil drillers
      921 16 BLOOMBERG New York OIL and gas companies have April circled on their calendars. That’s when their lenders will recalculate the value of properties that energy companies staked as loan collateral. With those assets in decline along with oil prices, banks are
      BLOOMBERG  -  921 words
    • Article
      Lock icon US won’t intervene in oil market
      239 16 BLOOMBERG Abu Dhabi The US won’t intervene in the oil market amid falling crude prices, according to Amos Hochstein, the US State Department’s energy envoy. The US will let “the market” decide what happens, Mr Hochstein said in an interview at a conference in
      BLOOMBERG  -  239 words
    • Article, Illustration
      Lock icon Global hot spots are quickly forgotten by oil traders
      998 16 But geopolitical risks remain intact; investors could be setting themselves up for a surprise by driving oil down so far BLOOMBERG Melbourne BACK when oil traded at US$ 115a barrel in June, traders were talking about the fighting in places like
      BLOOMBERG; PHOTO: AFP  -  998 words
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      Lock icon Jakarta to overhaul Pertamina in reform move
      802 16 BLOOMBERG Jakarta INDONESIA will overhaul national oil company PT Pertamina as the government seeks to improve the management of state-owned enterprises and deliver infrastructure projects after slashing fuel subsidies. A plan for Pertamina to take over oil importing from its offshore trading unit,
      BLOOMBERG; PHOTO: REUTERS  -  802 words
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      359 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF WINPAC PAPER PTE LTD (In Members’ Voluntary Winding-Up) Company Registration No. *****7076W RESOLUTIONS PASSED ON 20TH DAY OF JANUARY 2015 At an Extraordinary General Meeting of the Company held at 3 Gul Crescent Singapore *****9 on
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  • TECHNOLOGY
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      Lock icon Israel’s high-tech boom a double-edged sword
      750 17 Firms bought by MNCs are shut down or turned into R&D centres REUTERS Tel Aviv ISRAELI entrepreneur Avi Brenmiller says he was coaxed by investors into selling Solel, his solar-thermal power firm, to Germany’s Siemens for US$418 million in 2009. Today, little is left
      REUTERS; PHOTO: REUTERS  -  750 words
    • Article
      Lock icon Simple algorithm better than humans at picking ‘significant’ films: study
      399 17 REUTERS New York IN THE escalating battle of big data vs human experts, score another win for numbers. The most accurate predictions of which movies the US Library of Congress will deem “culturally, historically, or aesthetically significant” are not the
      REUTERS  -  399 words
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      981 17 C AIIC Or A Register and pay by January 28, 2015 and save up to US$350 L JJv on the most advanced information security training worldwide. Secure Singapore 2015 9-21 March 2015 sans.org/event/secure-singapore-201 5 Event Location: Grand Copthorne Waterfront Hotel “SANS takes you to places you never thought of to
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      145 17 Become a strategic Business or M Financial leader. It’s possible. Edinburgh Napierl UNIVERSITY y Ranked top 100 amongst UK universities (The Guardian University League Tables 2015) y Top 100 UK graduate prospects (The Sunday Times University Guide 2014) Intake: Feb 2015 Apply now and receive up to $2000 study grant*
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  • CONSUMER
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      Lock icon Amazon makes ‘indie’ movie production bet
      856 18 It is aiming to produce close to 12 movies a year for theatrical release which would then be available on its Prime video service within two months REUTERS New York AMAZON.COM Inc is making a high-stakes foray into the challenging realm of independent movies,
      REUTERS; FILE PHOTO  -  856 words
    • Article
      Lock icon Luxury brands gearing up for China tourists during CNY
      242 18 REUTERS Shanghai FROM Paris to New York, purveyors of luxury goods are teaching staff Mandarin, offering traditional New Year hongbao gifts and flocking to social media sites as well-heeled Chinese tourists pack their bags to ring in the Year of the
      REUTERS  -  242 words
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      593 18 r Wine, /t' 1 hi> s 7* t cr 29 January to 28 February 201 S Usher in the Year of the Goat with a fortune-filled prosperity menu artfully crafted by KopiTiam’s Sous Chef Ng Kwong Hee. Savour traditional Cantonese delicacies including Oven-Roasted Pipa Duck drizzled in Chef’s Special Sauce,
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon BOJ still behind 2% inflation target as wages lag
      930 19 Despite the end of deflation, and record govt stimulus and bank lending, price gains have yet to reach target BLOOMBERG Tokyo FOUR years after the Bank of Japan set a 2 per cent inflation target, price gains may still be coming
      BLOOMBERG; PHOTO: BLOOMBERG  -  930 words
    • Article
      Lock icon Australia raises terror threat level against police to ‘high’
      333 19 REUTERS Sydney AUSTRALIA raised the threat level of a terrorist attack against law enforcement officers to “high” on Tuesday, federal police said, citing intelligence, discussions with international partners and recent high-profile attacks in Europe and Canada. The change in the threat
      REUTERS  -  333 words
    • Article
      Lock icon Sri Lanka to seek IMF help to reduce debt: finance minister
      487 19 BLOOMBERG Colombo SRI Lanka’s two-week-old government plans to start discussions with the International Monetary Fund on reducing a debt burden that grew under the previous administration, Finance Minister Ravi Karunanayake said. Mr Karunanayake, who met IMF officials on Tuesday,
      BLOOMBERG  -  487 words
    • Article
      Lock icon UN warns of growing inequality, joblessness
      565 19 AFP Geneva UNEMPLOYMENT will rise by 11 million in the next five years due to slower growth and turbulence, the United Nations warned on Tuesday. More than 212 million people will be jobless by 2019 against the current level of 201 million, the International
      AFP  -  565 words
    • Article
      Lock icon German investor confidence up on ‘QE effect’
      644 20 Market speculation is at fever pitch that ECB will announce sovereign bond purchases or QE this week AFP Frankfurt INVESTMENT sentiment in Germany hit an 11 -month high this month on hopes the European Central Bank is about to roll out its heavy
      AFP  -  644 words
    • Article, Illustration
      Lock icon Asian Financial Forum tackles challenge of global changes
      686 20  -  Sessions on Asia range from tech innovation to China investments, wealth management and Internet finance By Divya Nair dnair@sph.com.sg Hong Kong THREE weeks into 2015 and the shocks only seem to keep coming. From the drop in oil prices to the scrapping
      PHOTO: HKTDC; PHOTO: REUTERS  -  686 words
    • Article
      Lock icon Japan caught in rare hostage crisis
      518 20 Abe vows to stand firm as Islamic State threatens to execute two Japanese men BLOOMBERG Tokyo A VIDEO showing an Islamic State militant threatening to execute two Japanese men has thrust Prime Minister Shinzo Abe into a hostage crisis just as he seeks to
      BLOOMBERG  -  518 words
    • Article
      Lock icon China civil servants get first pay hike since 2006
      278 20 BLOOMBERG Beijing CHINA’S leaders just awarded all civil servants their first pay increase since 2006, with President Xi Jinping seeing his monthly salary rise to 11,385 yuan (S$2,451), the official China Daily reported on Tuesday. That translates into a yearly wage
      BLOOMBERG  -  278 words
    • Article
      Lock icon Indonesia decides to keep direct local elections
      365 20 BLOOMBERG AFP Jakarta INDONESIA’S Parliament agreed to preserve direct local elections for governors and mayors, a sign that President Joko Widodo is succeeding in neutralising opposition from lawmakers to his legislative agenda. The outgoing Parliament voted in September to replace direct local polls
      BLOOMBERG; AFP  -  365 words
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      1057 19 The Business Times Ik T/^Y 1 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg M j M iL I www.sphclass.com.sg/notices ADMIN BUILDER PTE. LTD. Co Regn No: *****6815H Incorporated in Singapore NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN that a meeting of the creditors of the abovenamed Company
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  • TRANSPORT
    • Article, Illustration
      Lock icon Shipping sector has something to celebrate
      761 21  -  The maritime cluster employs more than 170,000 people and contributes some 7 per cent to Singapore’s gross domestic product STRAIT TALK BY DAVID HUGHES THE members of the shipping community attending last Friday's Singapore Maritime Foundation New Year cocktail reception had a lot to
      PHOTO: BLOOMBERG  -  761 words
    • Article
      Lock icon United may order 10 Boeing 777 jets worth US$3.3b
      343 21 BLOOMBERG Chicago United Airlines is preparing to place an order for 10 of Boeing Co’s largest twin-engine jetliners to replace older aircraft plying its longest routes, said people familiar with its plans. The Boeing 777-300ERs would be the first of that
      BLOOMBERG  -  343 words
    • Article
      Lock icon Fast rail line expected to benefit Mexican aerospace hub
      811 21 Linking Queretaro and Mexico City will draw labour, technology firms and boost investment in the state BLOOMBERG Mexico City AIRBUS Group NV sees Mexico’s first high-speed train as a magnet to draw engineers to the booming industrial city of Queretaro, just
      BLOOMBERG  -  811 words
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      Lock icon Indigo’s Bill Franke sees US budget airline consolidation
      402 21 REUTERS Dublin ONE of the most influential investors in low-cost airlines, Bill Franke, on Monday raised the prospect of consolidation among US budget carriers, echoing a shake-out among traditional network airlines. “If you want to see how the international aviation landscape is
      REUTERS; PHOTOS: THE BUSINESS TIMES FILE, REUTERS  -  402 words
    • Article
      Lock icon Cat A models reshuffle pack of top cars
      612 22  -  Toyota is back in pole; Mercedes, with three models in the recategorised Cat A, has pulled away from BMW in sales By Samuel Ee samuelee@sph.com.sg Singapore THE reclassification of COE Category A for small cars played a large part in helping the
      612 words
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      Lock icon Daihatsu dismantles ‘ToyotaWay’ as market changes
      1261 22 Scrapping parent firm’s famed keiretsu system is behind affiliate’s success REUTERS ikeda, Japan WHEN Daihatsu Motor Co launched the Mirae:S minicar in 2011, the Toyota affiliate thought it had found a model for emerging markets. The Mira e:S e for eco, S for smart
      REUTERS; PHOTO: REUTERS  -  1,261 words
    • Article
      Lock icon South Korea seeks to lay railroad through North in unity plan
      304 22 BLOOMBERG Seoul SOUTH Korea is seeking to link its railroad to North Korea with the rest of the continent as part of a plan for the potential unification of the peninsula. The South’s Unification Ministry called on the North
      BLOOMBERG  -  304 words
    • Article
      Lock icon China new car sales potential way ahead of US
      321 22 BLOOMBERG Shanghai CHINA’S lead on the US new-car market is forecast to widen to a record 4.6 million units this year. With a vehicle ownership rate of about a 10th of their American peers, there’s room to grow. About two of
      BLOOMBERG  -  321 words
    • Article
      Lock icon Panama Canal widening will bust budget: administrator
      304 22 AFP Cocolí, Panama WIDENING the Panama Canal will cost more than budgeted due to billions of dollars in overruns by the consortium carrying out the work, the canal’s administrator acknowledged on Monday. Grupo Unidos por el Canal, which is overseeing upgrades to the
      AFP  -  304 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1909 23 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL PAG KK JKT SUR THOR FRIEND 3 60 24/1 26/1 28/1 1/2 SEPANG EXPRESS 5 100 29/1
    1,909 words
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      107 23 Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via s^3marftime.coM Ahoy there! If you are in a business pertaining to any sector
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  • OPINION
    • Article
      Lock icon Low and falling bond yields sending a cautionary signal
      604 24 EDITORIAL THE unusual fall in bond yields throughout the world may not have captured as many headlines as other developments in financial markets but investors would do well to ponder the message being sent. In the US, the drop is all
      604 words
    • Article, Illustration
      Lock icon Being cautious is right move given baffling US wage lag
      819 24  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington THE great wage mystery deepens. In economic recoveries, there usually comes a time when strong job gains lead to strong wage gains. Businesses must pay more to recruit
      THE WASHINGTON POST WRITERS GROUP  -  819 words
    • Article, Illustration
      Lock icon Time China, India created own anti-graft indices
      1363 24  -  It can present new metrics and expose the shortcomings of Western analysis, if any. BY ASIT K BISWAS and KRIS HARTLEY BY ASIT K BISWAS, KRIS HARTLEY T Asit K Biswas is Distinguished Visiting Professor, at the National University of Singapore’s Lee Kuan
      PHOTO: AFP  -  1,363 words
    • Article, Illustration
      Lock icon The danger that exit strategies pose to markets
      932 25  -  COMMENTARY By Anthony Rowley THE Year of the Horse seems determined to go out bucking and rearing and doing as much damage as it can before galloping off for another dozen years. Enter now the Year of the (more docile) Sheep or
      932 words
    • Article
      Lock icon Unwinding China growth “reshores” focus back to US
      961 25  -  Shift has implications for developing countries that have enjoyed a decade of strong growth By Bob Baur, Robin Anderson T Bob Baur is MD and chief global economist at Principal Global investors (PGi), and Robin Anderson is an economist at Multi-Asset Advisors,
      961 words
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      Lock icon What future holds for tax revenue collection
      1051 25  -  It seems the key source of additional tax revenue would have to come from GST to meet challenges of an ageing society. BY LIM GEK KHIM and TEH SWEE THIAM BY LIM GEK KHIM, TEH SWEE THIAM T Lim Gek Khim is Partner,
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Prudential Eye honours Asian art
      636 26  -  Singapore artists Donna Ong and Sherman Ong are among winners of the Asia-wide competition; Japanese artist collective takes overall top prize By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore TWO Singapore-based artists emerged winners in their respective categories at the Prudential Eye Awards, an annual regional art
      PHOTOS: CHITPOM, SHERMAN ONG  -  636 words
    • Article, Illustration
      Lock icon Famed industrialist Peter Wallenberg dies at 88
      500 26 NYT New York PETER Wallenberg, who helped build a global conglomerate out of his family’s closely held businesses, a dynasty that was often referred to as a Swedish version of the Rockefellers, died on Monday at his home on the island of Varmdo.
      NYT  -  500 words
    • Article
      Lock icon Banning foie gras boosted its popularity in California
      830 26 NYT Los Angeles A LOT of people didn’t know they wanted foie gras ice cream sandwiches until California made them illegal. Humphry Slocombe, an ice-cream parlour with two locations in San Francisco, introduced the item in 2008 more a two-bite slider than
      NYT  -  830 words
    • Article
      Lock icon Brasilia stadium expected to take centuries to pay off
      410 26 AFP Mane Garrincha is set to end up a white elephant Rio de Janeiro BRAZILIAN taxpayers hoping to see the Mane Garrincha stadium, expensively renovated in the capital Brasilia for last year’s World Cup, paid off needn’t hold their breath as
      AFP  -  410 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      345 26 CRYPTIC CROSSWORD Across 1 Cry during Billy Elliot (4) 3 Retired performer in demand (5) 6 Bishop takes port and spirit (4) 8 Regular route undertaken with a bad attitude (5-10) 9 Picturesque view, they say, adjacent to Manx prison? (6) 10 Boycott start of term that is formal (5,3)
      345 words
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  • EXECUTIVE MONEY
    • Article
      Lock icon Endgame for central banks
      1540 27  -  When they are forced by politicians to switch to survival mode, rules are bent or even broken to fit an agenda of buying more time. MONEY MATTERS BY STEEN JAKOBSEN T The writer is chief investment officer and chief economist, Saxo Bank Group THE Swiss National
      1,540 words
    • Article
      Lock icon Funds bearish on utilities and transport sector
      471 28 ON THE RADAR GLOBAL mutual funds were net buyers of Singapore stocks in the three months to Jan 14. Based on the volume in the top five stocks, net buys came to S$954.3 million, compared to net sells of S$640.8 million. This week
      471 words
    • Article, Illustration
      Lock icon Wall Street banks partner high-frequency traders to fill void left in proprietary desks
      724 28 BLOOMBERG London WALL Street banks struggling with recently defanged currency-trading desks have found a surprising ally: high-frequency traders. Banks are directly connecting to price feeds from Global Trading Systems LLC (GTS) and Virtu Financial Inc to help
      BLOOMBERG; PHOTO: REUTERS  -  724 words
    • Article, Illustration
      Lock icon Malaysian sukuk seen drawing US$3b in funds
      773 29 Govt issue to be included in a Barclays global bond index in March, with 0.18 per cent weightage BLOOMBERG Kuala Lumpur MALAYSIAN sovereign sukuk’s inclusion in a global bond index is forecast by Barclays Plc to lure US$3 billion, helping to narrow the
      BLOOMBERG; PHOTO: BLOOMBERG  -  773 words
    • Article
      Lock icon Rich Russians repatriating assets after Putin turns tax screw
      692 29 Policymakers are struggling to contain the country’s worst currency crisis since 1998 BLOOMBERG Moscow PRESIDENT Vladimir Putin is pushing harder on Russia’s richest citizens to repatriate offshore assets amid a slump in the ruble and the imposition of sanctions by the
      BLOOMBERG  -  692 words
    • Article, Illustration
      Lock icon Foreign Exchange 2015 Outlook
      1501 30  -  THE ECONOMY IN PERSPECTIVE In the second of a three-part "The Economy in Perspective" weekly series, Citi's Jaideep Tiwari offers his outlook on the foreign exchange markets for 2015. A Special Feature Presented By Citigold Private Client Contributed by JaideepTiwari, I FX Strategist, Wealth Management Citi
      A Special Feature Presented By Citigold Private Client  -  1,501 words
  • Page 27 Advertisements
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      104 27 As the world’s No.1 CFD provider,* we also offer traders 40 years of experience, 24-hour support, and an award-winning platform. Losses can exceed your initial investment. Find out more today at IG.com.sg or call +65 6390 5118 Ensure you understand the risks and costs involved with CFD and FX trading
      104 words
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      291 28 Over 30 years of delivering consistency Phillip Futures, your Trusted forex partner Talk to Phillip Futures Start trading FX J today, with Singapore’s first I Market! online broker. PX365. Phillip ***** ***** H117 ***** L 0 ***** rnrnm 100,000 J Market Slippage 100,000 oo.cco Meet Snap ripn L L t.*****
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      Lock icon Page 28 Advertisements Column 2
      29 28 KISS92Hi place All the great songs in one r ’I V Bo«c o.oo °Q r 0 non ss ACCORDING TO AC NIELSEN RADIO SURVEY. WAVE 2.2014 V facebook.com/kiss92fm www.kiss92.sg
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      20 28 www.omy.sg fcQ i f ¥>i=ts tim IJ, ~~t 0 Scan Win lifestyle.omy.sg Download omy Apps omy News iOSAppStore Google Play
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      308 29 WE'VE COME TOGETHER TO BRING YOU A BRIGHTER FINANCIAL FUTURE. SKANDIA INTERNATIONAL OLD MUTUAL Skandia International has become Old Mutual International. Our change of name acknowledges our heritage as part of Old Mutual, a FTSE 100 business. The Old Mutual Group manages £300.5* billion of savings and investments for customers
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      274 30 P > Citigold Private Client Giving you and the business you helm that extra edge At Citigold Private Client, we understand your business could have a direct impact on your personal wealth portfolio. That is why we invite you to leverage our CEO Conversations, a proprietary platform dedicated to business
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