The Business Times, 28 January 2015

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Microfilm: NL33340
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Wednesday, January 28,2015
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  • DAILY DIGEST
    • Article
      Lock icon Mapletree Greater China
      40 1 Commercial Trust has posted a 9.5 per cent year-on-year rise in distribution per unit of 1.662 Singapore cents for the third quarter ended Dec 31, translating to an annualised yield of 6.5 per cent. COMPANIES MARKETS 6
      40 words
    • Article
      Lock icon Some 100 bargain
      29 1 hunters who stuffed themselves into a 50-seat conference room for a home auction are another sign of the decline of Singapore’s housing market. REAL ESTATE 11
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    • Article, Illustration
      Lock icon CIMB Islamic Bank Bhd
      28 1 plans to start offering microloans in Malaysia as it seeks new growth avenues after delaying plans to create a Syariah-compliant megabank. BANKING FINANCE 12
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    • Article
      Lock icon In a government
      31 1 building outside Bangkok, along the murky Chao Phraya River, Thailand’s ruling junta is preparing to unload a mountain of rice on an already oversupplied world. ENERGY COMMODITIES 13
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    • Article
      Lock icon Barbie and other
      34 1 traditional toys are having a much tougher time supporting their elderly parent Mattel, a toymaker significantly weakened by stiff competition from small upstarts and by digital distractions aimed at children. CONSUMER/15
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    • Article
      Lock icon A gauge of US business
      39 1 investment plans fell for a fourth straight month in December, a potential sign that slowing global growth and falling crude oil prices are starting to have an impact on the economy. GOVERNMENT ECONOMY 16
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    • Article
      Lock icon The Indonesian military
      35 1 on Tuesday called off efforts to recover the wreckage of an AirAsia plane that crashed into the Java Sea last month, after failing to find any more bodies inside the fuselage. TRANSPORT/18
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  • Article
    Lock icon MARKETS
    27 1 Tuesday Change STI 3,412.20 +13.68 KL COMP 1,803.17 +6.73 NIKKEI 225 17,768.30 +299.78 HANG SENG 24,807.28 -102.62 SHENZHEN B 1,074.07 +0.34 Dow (11am EST) 17,314.16 -364.54
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  • Article, Illustration
    Lock icon Job vacancies up 8.9% in September
    642 1  -  Services sector accounts for majority of available 67,400 positions, reflecting expansion of childcare and pre-schools, healthcare and tertiary institutes By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE were more job vacancies in Singapore last September compared to a year ago, with places in the services
    Source: Ministry of Manpower  -  642 words
  • Article, Illustration
    Lock icon Tanjung Piai petro-hub holds promise of RM12b in FDIs
    639 1  -  Consultant deems environmental risk of project to be acceptable if mitigation measures and a management plan are incorporated; govt decision expected soon By Pauline Ng btworld@sph.com.sg Kuala Lumpur A PROPOSAL to reclaim some 1,411 hectares of land for an integrated petroleum
    BT Graphics  -  639 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      82 1 Hill 8 '*****1 *****4 REVIVING GREECE Greek bonds, stocks dive again on fears of debt default TOP STORIES 2 Deutsche Bank db.com Global strength and expertise. At the centre of Asia's markets. This advertisement has been approved and/or communicated by Deutsche Bank AG or by its subsidiaries and/ or affiliates
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    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      42 1 STAYING THE COURSE Why Saudis are holding out on low oil prices opinion 20 MONEY MATTERS When bad news is good news for Chinese assets EXECUTIVE MONEY 24 CYBER SECURITY Govt sets up high-level agency to confront cyber threats TOP STORIES 4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Let some air out of inflated deflation worries
      490 2  -  BTBLOGS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT CONCERNS about deflation might be a little inflated. Yes, Singapore is experiencing a decline in overall consumer prices. But no, the country is not caught in a spiral of falling prices that will snuff out consumer
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    • Article, Illustration
      Lock icon Greek bonds, stocks dive again on fears of debt default
      635 2 With new finance minister favouring default, markets see a struggle between Athens and Brussels BLOOMBERG London GREEK bonds and stocks plunged for a second day amid concern that the nation’s new government will clash with euro-area finance ministers over its
      BLOOMBERG; PHOTO: REUTERS  -  635 words
    • Article
      Lock icon Greasing the wheel
      707 2  -  Gains from the oil glut could be squandered in the world’s monetary mess (fcS» REUTERS BREAKINGVIEWS By Andy Mukherjee Singapore A SHARP oil price decline is generally a sign of oversupply, and an oil glut is normally an economic lubricant. The oil price is down almost 60
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    • Article
      Lock icon US$200 oil possible if no investment in new supply, says Opec
      584 2 BLOOMBERG London OPEC’s secretary-general says oil prices as high as US$200 a barrel are possible if producers fail to invest in new supply. “If you don’t invest in oil and gas, you will see more than US$200,” Abdalla El-Badri
      BLOOMBERG  -  584 words
    • Article
      Lock icon Govt sets up high-level agency to confront cyber threats
      723 4  -  The Cyber Security Agency will monitor threats and combat cyber attacks, and build Singapore’s cyber infrastructure By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore AN apex agency with the mandate to combat cyber attacks and formulate Singapore’s long-term cyber-security policy will start
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    • Article, Illustration
      Lock icon Singapore, London can jointly boost awareness of yuan market developments
      650 4  -  S’pore-London RMB Forum participants expect robust growth in offshore yuan market in 2015 By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE and London could work more closely in building awareness of developments in the offshore yuan market, said the Association of
      PHOTO: BLOOMBERG  -  650 words
    • Article, Illustration
      Lock icon Widespread support for alcohol restrictions in all age groups
      447 4  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore PUBLIC sentiment towards a Bill on alcohol restrictions tabled in Parliament last week is highly favourable as a new poll by government feedback unit Reach shows that as many as 81 per cent of the
      Source: Ministry of Communications and Information  -  447 words
    • Article
      Lock icon Parallel importers see even better sales this year
      446 4  -  By Samuel Ee samuelee@sph.com.sg Singapore THE number of parallel imported cars bounced back in 2014 as the certificate of entitlement (COE) quota rose and the Japanese yen fell, with the industry expecting 2015 to continue improving. Parallel imports (Pis) are cars that
      446 words
    • Article
      Lock icon Singapore’s family-owned firms least ready for succession in S-E Asia
      502 4  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore FAMILY-owned businesses in Singapore are laggards in the region in two respects in planning for leadership succession and in using formal structures and wealth-management solutions to manage succession issues and ensure wealth preservation. A
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  • COMPANIES & MARKETS
    • Article
      Lock icon MGCCT posts 9.5% rise in Q3 DPU
      546 6  -  Strong results beat forecast by 17%, translate to an annualised yield of 6.5% By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MAPLETREE Greater China Commercial Trust (MGCCT) posted a 9.5 per cent year-on-year rise in distribution per unit of 1.662 Singapore cents for its fiscal
      546 words
    • Article
      Lock icon Cache Logistics Trust’s Q4 DPU up marginally
      437 6  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CACHE Logistics Trust on Tuesday reported a distribution per unit (DPU) of 2.146 Singapore cents for its fourth quarter ended Dec 31, 2014, slightly higher than the 2.137 cents it paid out a year ago. This will
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    • IN BRIEF
      • Article
        Lock icon Zico to acquire share registrar firm for S$8.6m
        51 6 ZICO Holdings announced on Tuesday it will acquire share registrar services provider BACS for S$8.6 million from owner June Song Pte Ltd. Zico, a professional services firm, will pay 58.3 per cent of the consideration with cash, and the rest with new
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      • Article
        Lock icon Intraco warns of potential loss for FY2014
        44 6 TRADING firm Intraco is expecting to report a loss for the full year ended Dec 31, 2014. This is because of low trading margins due to intense market competition and pricing volatility of plastics resin trading activities.
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      • Article
        Lock icon Saw Phaik Hwa to retire as Auric Pacific CEO
        96 6 AURIC Pacific Group has accepted chief executive officer Saw Phaik Hwa’s wish to retire from the food retailer and supplier. Her last day with the group is April 30. But she will continue to be a consultant for Auric Pacific’s parent,
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    • Article
      Lock icon Starhill Global Reit posts 4.9% rise in Q4 DPU
      459 7  -  Gross revenue dips, mainly due to weaker contribution from Renhe Spring Zongbei, Chengdu, Japan properties By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore STARHILL Global Reit on Tuesday reported a 4.9 per cent increase in distribution per unit (DPU) to 1.29 Singapore cents
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    • Article
      Lock icon Dispute settlement drags CitySpring Q3 into the red
      364 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CITYSPRING Infrastructure Trust, which counts Temasek as a major unitholder, on Tuesday reported an unchanged distribution per unit (DPU) of 0.82 Singapore cent for its third quarter ended Dec 31, 2014. This was despite a 7.3
      364 words
    • Article, Illustration
      Lock icon Singtel and Ericsson ink MOU for partnership in 5G technology
      576 7  -  By Fiona Lam fionalam@sph.com.sg Singapore SINGTEL and Ericsson signed a memorandum of understanding (MOU) on Tuesday for a five-year partnership to test 5G technologies for future standardisation. They will explore 5G uses for consumers and enterprises, with the partnership including
      576 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Jan 27,2014 3,412.20 +13.68 (+0.40%) Current streak 1 day Day high 3,428.49 Day low 3,406.89 52-week high 3,412.20 (Jan 27, 2015) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Jan 27,2015 740.28 +5.20 (+0.71%) Current streak 1 day Day high 741.15 Day low
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    • Article, Illustration
      Lock icon Jardine group pushes STI up 13.68 points
      646 8  -  Index jumps yet again, as traders position themselves ahead of expected rally after this week’s FOMC meeting STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A LARGE push on the Jardine group on Tuesday propelled the Straits Times Index (STI) up 13.68 points to 3,412.2,
      Source: Bloomberg  -  646 words
    • Article
      Lock icon STI STOCKS
      307 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 253 -7 262/251 263 206 5.6 6396.7 CapitaLand 353 unch 355/350 364 268 17.7 2.3 *****.5 CapitaMall Trust 220 cd -1 222/218 226 180 4.9 7630.2 CityDev 1015 -1 1021/1011 1118 860
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    • Article
      Lock icon MOST ACTIVE
      37 8 VOLUME Pacific Andes 131,529,900 Advance SCT 101,500,000 SIIC Environment 83,525,300 China Env 57,913,400 Sincap 51,523,600 Market volume 2,034,548,000 VALUE Keppel Land 96,680,047 Keppel Corp 76,316,064 DBS Grp 68,456,239 CapitaLand 64,897,503 SingTel 62,172,050 Market value 1,498,494,000
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    • Article
      Lock icon SGX ETFs
      110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US800 -5 1675 814/800 1000/541 800/803 100 STI ETF 344 cd -1 214 348/344 349/298 345/347 DBXT MS SING US$ US129.4 -0.6 75 129.4/129.4 140.1/119.3 -/-6.5 DBXT MSRussia US$ US175 -3 74
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 27 VALUE CLOSE BT OB/OS 120.00 +139.00 BT CADI -*****.00 +78.00 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 789.21 -0.58 FTSE ST Small Cap 506.18 +2.28 FTSE ST All Share 822.28 +2.68 FTSE ST China Top 197.62 +0.32 FTSE ST China 236.69 -1.71 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share FTSE ST All-Share index Jan 27,2015 822.28 +2.68 (+0.33%) Current streak 1 day Day high 825.44 Day low 821.63 52-week high 822.28 (Jan 27, 2015) 52-week low 722.35 (Feb 5, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index Jan 26,2014 1,792.50 +4.79 (+0.27%) Current streak 6 days Day high 1,795.95 Day low 1,776.41 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 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 4 0 0 0 5 7 4 Manufacturing 64 31 34 9 10 7 73 41 41 Commerce 21 11 29 7 5 5 28 16 34 Tpt/Stor/Comms 16 10 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,310 29,310 120,100 120,100 Manufacturing 398,877 56,460 455,337 116,014 2,660 118,674 Commerce 95,027 74,380 169,407 137,487 2,560 140,047 Tpt/Stor/Comms 176,699 10 176,709 240,868 3 240,871 Finance 27,911 91 28,002 189,982 21 190,004 Construction 16,994 12,189
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 470.0 1.7 *****/***** JMH USD 6722 333.0 3.8 6788/4934 DBXT Nifty US$ ***** 184.0 0.9 *****/9759 DBXT MSJAP US$ 4630 174.6 2.9 4814/4260 JSH USD 3670 122.2 2.5 3810/3006 BY PERCENTAGE CLOSE UP 52w high/low Joyas W*****5 2 100.0
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    • Article
      Lock icon LOSERS
      78 8 BY CENTS CLOSE DOWN 52w high/low DBXT Vietam US$ 2661 -36.3 -1.0 3100/2403 DBXT MSBrazil US$ 391 -24.2 -4.4 614/357 Lyxor ChinaH US$ 1653 -22.8 -1.0 1700/1221 DBXT China50 US$ 3465 -20.1 -0.4 3480/2577 CIMBASEAN40 S$D 1375 -20.0 -1.4 1401/1222 BY PERCENTAGE CLOSE DOWN 52w high/low Cedar Strategic 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE MFG Integration 1,046.5 0.119 +0.014 +13.33 BlueSkyPower 1,440.0 0.088 +0.023 +35.39 Heatec Jietong 35.1 0.094 +0.013 +16.05 Pacific Andes 131,529.9 0.055 +0.006 +12.25 Lizhong Wheel 20.0 0.220 +0.020 +10.00 Sincap 51,523.6 0.106 +0.010 +10.42 Ossia Intl 580.6 0.220 +0.015 +7.32 LHT 107.0 0.137 +0.012 +9.60
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    • BROKERS’ TAKE
      • Article
        Lock icon Innovalues Ltd
        124 8 Buy Jan 27 close: S$0.49 Target price: S$0.65 Maybank Kim Eng Research, Jan 27 INNOVALUES is profiting from US dollar (USD) strength, as 90 per cent of its revenue is in USD versus only 31 per cent for materials. We estimate a 0.7 per cent boost to gross
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      • Article
        Lock icon Tiger Airways
        126 8 Sell Jan 27 close: S$0.31 Target price: S$0.23 OCBC Investment Research, Jan 27 TIGER Airways (Tigerair) finally turned profitable after several consecutive quarters of losses. its Q3 FY15 revenue increased 5.9 per cent year on year to S$182.3 million while expenses saw 1.5 per cent decline to S$178.2
        126 words
      • Article
        Lock icon Ascendas India Trust
        171 8  -  Compiled by Jaime Lee Buy Jan 27 close: S$0.88 Target price: S$0.95 DBS Group Research, Jan 27 THE stronger performance was due to contribution from the Aviator, which became operational in January 2014 supported by higher revenues from Chennai. Given the recent appreciation of the Indian rupee
        171 words
    • Article
      Lock icon CALENDAR
      10 8 DATA I 8pm (Jan 28) US MBA mortgage applications
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    • Article
      Lock icon Euro recovers slightly after Monday’s loss
      425 9 CURRENCIES AFP Tokyo THE euro edged up against the US dollar on Tuesday after plunging in the wake of the anti-austerity Syriza party’s victory in Greek elections, while the ruble dropped after Standard Poor’s (S&P) cut Russia’s debt rating to junk. In Tokyo, the
      AFP  -  425 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Jan 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.989 4.951 0.705 6.143 48.692 98.906 0.936 8.553 2.863 1.067 79.974 34.927 1.064 9.096 0.717 24.741 25.810 0.525 0.792 Canada 1.011 5.007
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Jan 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0640 1.0649 0.7923 0.7926 Canadian dollar 1.0760 1.0771 0.8017 0.8013 Euro 1.5101 1.5110 1.1245 1.1246 NZ dollar 0.9968 0.9978 0.7423 0.7426 Sterling pound 2.0252 2.0268 1.5081 1.5085
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Jan 27 S$ Bid Offer 1-month 1.3432 1.3442 2-months 1.3435 1.3444 3-months 1.3439 1.3448 6-months 1.3449 1.3457 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 9 Most active Jan 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left SHS Holdings W*****6 7.2 0.3 ***** 1 20 7 3.54 59 Singapore Post MB eCW*****7 4 0.3 6430 0.2 215 8 DBS MB eCW*****2 9.7 0.3 6131
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Jan 26 Index Change Change Change Change Change Change World Preliminary 1290.4 0.2 1.2 0.0 1.3 0.1 0.0 EAFE Preliminary 1020.2 0.6 3.4 0.1 2.3 0.3 1.0 Europe Preliminary 1448.8 0.9 4.9
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        374 9 Jan 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.40 *****.41 *****.47 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****2 Jun15 *****.00 *****.00 *****.00 *****.00 56 4092 MSCI TAIWAN INDEX FUTURES SPOT 353.23 353.74 351.13 Jan15 351.30 354.50 351.30 353.60 ***** *****9 Feb15 351.70
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Jan 27 $S Offer Bid 0vernight 0.10 0.05 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6875 0.5625 Overnight mode: 0.15 US$ 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 9 Jan 27 (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
        61 9 Jan 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 104.97 5-Year N*****0H 1.625 01-Oct-19 101.43 10-Year NY*****H 3.000 01-Sep-24 109.84 109.97 109.90 15-Year NY*****E 2.875 01-Jul-29 107.75 107.75 107.68 20-Year NZ*****V 3.375 01-Sep-33 115.75 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        249 9 Jan-26 Price Net change change Last Trade Agricultural Jan-26 CBOT Soybeans (US cents/bu) 983.50 10.75 1.11% 13/03/2015 CBOT Soybean Oil (US cents/lb) 31.08 -0.52 -1.65% 13/03/2015 CBOT Wheat (US cents/bu) 520.50 -9.50 -1.79% 13/03/2014 Jan-26 LIFFE Cocoa (£/tonne) 1919.00 -18.00 -0.93% 16/03/2015 LIFFE Coffee (US$/tonne) 1924.00 21.00 1.10%
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    • Article
      Lock icon UE E&C bidder cracks holdout, garnering stake of 92.61%
      488 10  -  Substantial shareholder Singapore Tong Teik has either fully or partially sold its 9.2% interest By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore PRIVATE equity firm Southern Capital has garnered a stake of 92.61 per cent in UE E&C, paving the way for it
      488 words
    • Article
      Lock icon PLife Reit posts 2.9% rise in Q4 distributable income to S$17.5m
      503 10  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore PARKWAY Life (PLife) Reit has posted a 2.9 per cent rise in distributable income to S$ 17.5 million for its fourth quarter ended Dec 31, 2014, boosted mainly by acquisitions and rental growth
      503 words
    • Article
      Lock icon OUE H-Trust DPU up 6.6% in Q4
      326 10  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore OUE Hospitality Trust’s (OUE H-Trust) fourth-quarter distributable income rose 7.5 per cent on the back of better per-unit revenues in its hotel and mall assets. Income available for distribution rose to S$23.6 million in the quarter ended
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    • Article
      Lock icon Invest Carnival for investors to get a headstart
      294 10 INVEST Carnival, a suburban investment education fair, is making a comeback this weekend following two successful editions in 2012 and 2013. The event is organised by Shareinvestor, the financial Internet media and technology subsidiary of Singapore Press Holdings (SPH), and will be
      294 words
  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      332 6 Blossoms of Love Embark on a journey of love this Valentine's Day with romantic dining experiences at Fairmont Singapore. Mikuni (Level3) 13 to 14 February 9-Course Kaiseki $255 per person inclusive of a glass of Veuve Clicquot Rose Prego (Level I) 14 February 5-Course Set Menu *Minimum of 2 sets
      332 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
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      162 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
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      98 words
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      Lock icon Page 10 Advertisements Column 2
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      20 words
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      8 10 OJNESS& MO®? 0 VUttWJPWS AOMJ n facebook.com/kiss92fm www.kiss92.sg
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  • REAL ESTATE
    • Article
      Lock icon Bargain hunters watch for further slide in prices
      795 11 Singapore home prices seen sliding further as vacancies creep up, rentals slip, mortgage sales rise BLOOMBERG Singapore ALEX Zou joined about 100 Singaporeans who packed shoulder-to-shoul-der into an auction at the Amara Hotel on a Friday afternoon looking for a cheap home
      BLOOMBERG  -  795 words
    • Article, Illustration
      Lock icon Times Square’s popularity getting unbearable for New Yorkers
      1335 11 NYT New York THE Crossroads of the World has never been more popular. And that is becoming a problem. More people than ever are packing into Times Square from across the world, the United States and the rest of New York City.
      NYT; PHOTO: REUTERS  -  1,335 words
    • Article
      Lock icon Europe banks sell 80b euros of property loans
      338 11 BLOOMBERG London EUROPEAN banks and asset managers in 2014 sold real estate loans and defaulted properties with a face value of 80.6 billion euros (S$122 billion), a record, as they wound down their soured loan books, Cushman Wakefield Inc said. The increase
      BLOOMBERG  -  338 words
    • Article
      Lock icon JTC launches tender for site in Tuas
      175 11 Singapore JTC Corporation on Tuesday offered a land parcel in Tuas under the Industrial Government Land Sales programme. The 0.8-hectare site at Tuas South Street 11, which is zoned for business development, will be available for sale by public tender. The tender closes
      175 words
    • Article, Illustration
      Lock icon Fosun in venture to buy Sydney office building for A$116.5m
      249 11 BLOOMBERG Hong Kong CHINA’S Fosun Group and fund manager Propertylink are buying a Sydney office building for A$116.5 million (S$ 124.3 million), the second large real estate purchase this week in the city as Chinese firms scout for investments abroad.
      BLOOMBERG; PHOTO: AFP  -  249 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon CIMB plans to offer microloans in Malaysia
      788 12 lender is moving into new areas after collapse of planned merger with RHB Capital and Malaysia Building Society BLOOMBERG Kuala Lumpur CIMB Islamic Bank Bhd plans to start offering microloans in Malaysia as it seeks new growth avenues after delaying plans to create
      BLOOMBERG; PHOTO: BLOOMBERG  -  788 words
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      Lock icon Wall Street left with skeletal staff amid snowstorm
      688 12 REUTERS New York A BLIZZARD bearing down on New York hollowed out Wall Street offices on Monday, leaving most investment banks and fund managers with skeleton teams as many employees opted to work from home. The storm, which threatens to dump up
      REUTERS; PHOTO: AFP  -  688 words
    • Article
      Lock icon Lawmakers divided over EU’s push to break up too-big-to-fail banks
      632 12 The blueprint sought to ban the lenders from proprietary trading and investing in hedge funds BLOOMBERG Brussels EUROPEAN Union plans to ban proprietary trading and break up the bloc’s biggest banks are faltering as lawmakers clash over fundamental principles of
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    • Article
      Lock icon China money rate drops as central bank injects funds through reverse repos
      467 12 BLOOMBERG Shanghai CHINA’S benchmark money-market rate fell on Tuesday as the People’s Bank of China (PBOC) added funds to the financial system, ensuring cash supply as demand spikes before the Chinese New Year holidays. The central bank conducted
      BLOOMBERG  -  467 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Thailand set to unload deluge of rice amid glut
      940 13 Junta leader Prayuth Chan-Ocha is seeking to clear 17.8 million tonnes over 2 years, without sinking the market BLOOMBERG Bangkok IN a government building outside Bangkok, along the murky Chao Phraya River, Thailand’s ruling junta is preparing to unload a mountain
      BLOOMBERG; PHOTO: BLOOMBERG  -  940 words
    • Article
      Lock icon US pig farmers hail progress in TPP trade talks
      406 13 REUTERS Washington US pork producers on Monday hailed “significant progress” in Asia-Pacific regional trade talks and urged lawmakers to give the White House authority to fast-track trade deals, a sign that a deadlock with Japan may be softening. An impasse between
      REUTERS  -  406 words
    • Article, Illustration
      Lock icon Petrobras to post long-delayed results to avert debt breach
      417 13 BLOOMBERG Rio de Janeiro PETROLEO Brasileiro SA is set to release its long-delayed earnings report this week and investors want to know one thing: How much has Brazil’s biggest-ever corruption scandal cost so far? Petrobras, the state-run oil producer embroiled in
      BLOOMBERG; FILE PHOTO  -  417 words
    • Article
      Lock icon Netherlands increases gold holdings for first time since ’98
      535 13 BLOOMBERG Singapore THE Netherlands added to its gold reserves for the first time since 1998 as the ninth-biggest holder boosted assets to the highest in seven years, while Russia bought for a ninth month, International Monetary Fund data show. Bullion reserves
      BLOOMBERG  -  535 words
    • Article
      Lock icon BP freezes employee pay amid falling crude prices
      297 13 BLOOMBERG London BP plc, Europe’s third-largest oil company by market value, will freeze employee pay in the latest example of cost cuts as the world’s top oil companies respond to plunging crude. The company “needs to take a number of measures in
      BLOOMBERG  -  297 words
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      190 13 The Business Times NOTICES tOMM OLAM INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4676H) NOTICE to holders of US$750,000,000 6.75 per cent. Bonds due 2018 (the “Bonds”) issued by Olam International Limited (“Olam” or the “Company”) ISIN: SG********** OPTIONAL REDEMPTION OF US$750,000,000 6.75 PER CENT. BONDS
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  • TECHNOLOGY
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      Lock icon Microsoft’s price cuts eat into holiday season profit
      852 14 Margins affected by cheaper Windows software, Xbox and new Windows pricing structure NYT Seattle MICROSOFT has conjured up some at-tention-grabbing new products lately to help it restart growth. The company’s results over the holidays has showed how badly it needs them to
      NYT; PHOTO: REUTERS  -  852 words
    • Article
      Lock icon Will Samsung use some of its US$63b cash pile on tech takeovers?
      809 14 Acquisitions will provide Samsung with software to help its products communicate Seoul WHETHER Samsung Electronics Co has BlackBerry Ltd in its sights, it should spend some of its US$63 billion of cash on takeovers. Samsung, which has an
      809 words
    • Article
      Lock icon Telecom network spending expected to grow amid 4G boom
      520 14 REUTERS Paris EUROPE’S telecoms equipment makers look set for an unpredictable year because of consolidation among their operator customers and a slowdown of buildouts of faster mobile networks, known as 4G, in the United States and China. Nevertheless, overall spending on
      REUTERS  -  520 words
    • Article
      Lock icon Internal error to blame for social media outage
      285 14 Frankfurt FACEBOOK, the world’s largest social network, and its Instagram pho-to-sharing site, suffered temporary outages around the world for up to an hour on Tuesday and the company said later that an internal software networking error was to blame. The outage at
      285 words
    • Article
      Lock icon Facebook’s Oculus sets up virtual reality film studio
      356 14 REUTERS Park city, Utah FACEBOOK Inc’s Oculus VR is getting into movies with an in-house studio dedicated to making virtual-reality (VR) films and premiered its first short piece at the Sundance Film Festival. Tapping talent from both Pixar, the animation studio behind
      REUTERS  -  356 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Shake-up at Barbie maker Mattel
      1082 15 Move aims to revitalise toymaker, which has been affected by small upstarts, digital distractions NYT New York BARBIE and other traditional toys are having a much tougher time supporting their elderly parent Mattel, a toymaker significantly weakened by stiff competition from small upstarts and by
      NYT; PHOTO: NYT  -  1,082 words
    • Article, Illustration
      Lock icon JD.com: China’s other online giant blazes its own trail
      1405 15 Firm fills more than 2m orders a day; no other direct sales retailer in the world has seen its revenue grow as quickly NYT Beijing JUST about every June, on the anniversary of his company’s founding, Richard Liu dons a big
      NYT; PHOTO: NYT  -  1,405 words
    • Article
      Lock icon Teva’s generic version of AstraZeneca’s Nexium gets FDA nod
      338 15 REUTERS New York THE US Food and Drug Administration said it approved Teva Pharmaceutical Industries Ltd’s generic version of AstraZeneca Plc’s blockbuster heartburn drug Nexium, the agency’s first such approval for the drug. The approval comes as generic drugmakers scramble to
      REUTERS  -  338 words
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      144 15 KITCHEN EQUIPMENT, SOUND SYSTEM AND FURNITURE FOR SALE 2 Cash drawers, 1 Dean fryer, 1 Char Rock Grill, 1 unit of 6 Burner W Oven, Chillers with 2 to 4 doors, Combi Oven, Scotsman Ice machine, 2 dish table, turbosound loudspeakers and subwoofers, crest audio power amplifiers, Xilicia DSP processor,
      144 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Capex falls for fourth straight month in Dec on weak orders
      613 16 November home prices up, but underlying trend continues to point to slowdown in price gains LATEST US DATA REUTERS AFP Washington A GAUGE of US business investment plans fell for a fourth straight month in December, a potential sign
      REUTERS; AFP  -  613 words
    • Article, Illustration
      Lock icon Top US trade official urges Congress to back fast-track for TPP
      442 16 REUTERS Washington A TOP US trade official urged Congress to back the administration’s trade agenda on Tuesday and said an ambitious Pacific trade pact is nearing completion. In remarks prepared for delivery to key congressional committees, US Trade Representative
      REUTERS; PHOTO: REUTERS  -  442 words
    • Article
      Lock icon Japan and Jordan open to prisoner exchange with Islamic State
      458 16 BLOOMBERG Amman JORDAN is in indirect talks with Islamic State to secure the release of a Japanese war journalist and a Jordanian pilot held by the militants, a member of the kingdom’s parliament said on Tuesday. The negotiations are taking
      BLOOMBERG  -  458 words
    • Article
      Lock icon Obama in Saudi Arabia to bolster crucial alliance amid Mid-East unrest
      793 16 REUTERS Riyadh US President Barack Obama arrived in Saudi Arabia on Tuesday to pay his respects after the death of King Abdullah, a trip that underscores the importance of a US-Saudi alliance that extends beyond oil interests to regional
      REUTERS  -  793 words
    • Article
      Lock icon UK consumers push back against drag from European weakness
      538 16 BLOOMBERG London BRITISH exporters are taking a knock from the sluggishness of the euro area, leaving consumers fuelling much of the fire behind the expansion. Households ramped up spending in stores at the fastest pace in more than a decade in
      BLOOMBERG  -  538 words
    • Article
      Lock icon Thai exports fall in 2014, more pressure for rate cut
      509 16 REUTERS Bangkok THAI exports fell for a second straight year in 2014 a blow for the military government as it struggles to get the economy growing, and possibly increasing pressure on the central bank to cut interest rates on Wednesday.
      REUTERS  -  509 words
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      Lock icon Obama urges Indian action on religion, climate
      862 17 He wraps up visit with pressure on his hosts over a range of political and social issues, including women’s rights AFP New Delhi US President Barack Obama urged India to promote religious tolerance and do more to combat global warming on Tuesday as
      AFP; PHOTO: REUTERS  -  862 words
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      Lock icon China features prominently in Obama-Modi talks
      996 17 NYT New Delhi WHEN President Barack Obama landed here for a three-day visit, he brought a long list of issues to discuss, like energy and trade. But when he and Prime Minister Narendra Modi of India sat down to talk, the first 45 minutes
      NYT  -  996 words
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      Lock icon China industrial profits fall most since 2011
      319 17 BLOOMBERG Beijing CHINESE industrial companies’ profits declined the most in at least three years last month, underscoring the challenge facing the nation’s former growth drivers as the economy slows and commodity prices slump. Industrial profits fell 8 per cent in December from a
      BLOOMBERG  -  319 words
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      Lock icon S&P downgrades Russia credit rating to “junk” status
      645 17 It sees Russian economy contracting 2.6% in 2015 on oil price’s fall and sanctions AFP Moscow STANDARD And Poor’s stripped Russia of its investment-grade rating on Monday, cutting it to “junk” status with a warning of weak growth and banks. “The downgrade
      AFP  -  645 words
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  • TRANSPORT
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      Lock icon Indonesia calls off wreckage recovery
      584 18 Navy: No more bodies in fuselage; main wreckage too difficult to raise AIRASIA CRASH AFP REUTERS Pangkalan Bun, Indonesia THE Indonesian military on Tuesday called off efforts to recover the wreckage of an AirAsia plane that crashed into the Java Sea last month, after failing
      AFP; REUTERS; PHOTO: AFP  -  584 words
    • Article
      Lock icon Boeing leads in Nasa space mission
      606 18 AFP Miami BOEING will be the first commercial company to carry a Nasa astronaut to space in July 2017 under a contract with the US space agency, followed by its competitor SpaceX, officials said on Monday. Nasa is funnelling billions of dollars to both
      AFP  -  606 words
    • Article
      Lock icon Is this what it means to cut red tape?
      927 18  -  The IMO has 12 recommendations to lessen bureaucracy, but states the obvious. Real improvements to the administrative burdens on shipping are unlikely to come STRAIT TALK BY DAVID HUGHES WHATEVER else you might say about shipping, one thing has got to
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      Lock icon Qantas lifts base ticket prices to offset dropping of fuel surcharge
      357 18 REUTERS Sydney QANTAS Airways Ltd said it would be raising base ticket prices to compensate for the axing of a separate fuel surcharge, pushing back against calls for the airline industry to lower fares in the wake of falling
      REUTERS  -  357 words
    • Article
      Lock icon Tiger, Scoot to join KrisFlyer programme
      387 18  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MEMBERS of KrisFlyer, the fre-quent-flyer programme of Singapore Airlines (SIA), will be able to redeem their miles for travel vouchers or to pay for selected products on budget carriers Scoot and Tigerair from April. And by the end
      387 words
    • Article, Illustration
      Lock icon US sub-prime auto lending raises concerns
      1315 19 Backed by an influx of investor money, securitisations of such loans have grown threefold to over US$20b since 2010 NYT New York THE loans were for used Dodges, Nissans and Chevrolets, many with tens of thousands of kilometres on the odometer, some more than
      NYT; PHOTO: BLOOMBERG  -  1,315 words
    • Article, Illustration
      Lock icon Oil plunge spurs Maruti Suzuki to predict revival
      682 19 BLOOMBERG Mumbai AS crude oil tumbles and financing costs decline, India’s biggest carmaker says a slump that roiled the industry for two years may be over. Maruti Suzuki India Ltd will take advantage of the rebound to increase its share versus 18
      BLOOMBERG; PHOTO: BLOOMBERG  -  682 words
    • Article
      Lock icon Toyota plans overhaul to its pay structure in Japan
      271 19 BLOOMBERG Tokyo TOYOTA Motor Corp plans to change its seniority-based pay structure for workers in Japan that would erase salary gaps between age groups, the company’s human resources chief said. The carmaker will consider introducing performance pay for younger employees and
      BLOOMBERG  -  271 words
    • Article
      Lock icon GM’s confirmed ignition deaths hit 50 as claims deadline nears
      548 19 This is four times firm’s estimate through much of 2014 and may go higher BLOOMBERG New York CONFIRMED deaths tied to General Motors Co’s (GM) defective ignition switches stand at 50, four times GM’s estimate through much of 2014, as
      BLOOMBERG  -  548 words
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  • OPINION
    • Article
      Lock icon Bitcoin’s story of one step forward, one step back
      571 20 TO even the casual observer, the progress of bitcoin must occur in fits and starts. Every step towards mainstream adoption inevitably appears to be accompanied by a step away from it. This week alone, the bitcoin world heralds the opening of
      571 words
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      Lock icon WWII anniversary a chance for Abe to clear the air
      817 20  -  If Mr Abe defuses the Yasukuni and “comfort women” issues, Japan’s dealings with other countries in the region should become more rational and less emotional. THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and
      817 words
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      Lock icon Why Saudis are holding out on low oil prices
      1308 20  -  Staying the course is aimed at projecting strength and confidence at a time of extreme volatility in Middle East, but this policy won’t be for the long run.BY MEGHAN O’SULLIVAN run.BY MEGHAN O’SULLIVAN BLOOMBERG VIEW A CONSENSUS has emerged since the
      BLOOMBERG VIEW; PHOTO: AFP  -  1,308 words
    • Article
      Lock icon The New Normal for China and India
      1002 21  -  COMMENTARY By Frank-Jürgen Richter T The writer is founder and chairman of Horasis, a global visions community MANY people go to Davos simply to meet other people, and heads of state are no exception. All are drawn to the discussions and formal presentations;
      1,002 words
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      Lock icon Syriza win makes keeping euro stable a Sisyphean task
      778 21  -  By David Marsh T The writer is managing director and co-founder of The Official Monetary and Financial institutions Forum (OMFIF), an independent research and advisory group and a platform for confidential exchanges of views between official institutions and private sector counterparties.
      778 words
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      Lock icon Race to be the preferred Asian HQ location
      990 21  -  Only time will tell how Singapore and Hong Kong will manage their affairs effectively to stay ahead.BY BHIJIT GHOSH and GINA KHAW ahead.BY ABHUIT GHOSH, GINA KHAW T The writers are, respectively tax markets leader international tax partner, and corporate tax manager,
      PHOTO: HONG KONG TOURISM BOARD  -  990 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1925 22 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 KUC MUA KK JKT SEPANG EXPRESS 5 100 30/1 31/1 MALAYSIA STAR 42 50 9/2 10/2 14/2
    1,925 words
  • Page 22 Advertisements
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      103 22 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via s|5i3hiartime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry,
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  • LIFE & CULTURE
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      Lock icon Me and my cross-species buddy
      1145 23 Interspecies interactions offer people a way to connect with a world they have become estranged from NYT New York A GOAT frolics with a baby rhinoceros. A pig nestles up to a house cat. A rat snake makes nice with the dwarf hamster originally intended
      NYT; PHOTOS: NYT  -  1,145 words
    • Article, Illustration
      Lock icon Joan Rivers’ estate sues New York surgical centre
      343 23 BLOOMBERG New York JOAN Rivers’s estate has sued the surgical centre where complications during a procedure had led to her death, saying that it provided reckless and negligent treatment, violated her privacy and abandoned her when she needed emergency care. Rivers’ daughter
      BLOOMBERG; PHOTO: BLOOMBERG  -  343 words
    • Article, Illustration
      Lock icon Banks’ packets of goodwill
      392 23  -  By Arthur lee arthurl@sph.com.sg LONG hours of planning and several layers of approval often go into deciding what motif to put on a corporate hongbao (red packet) for the Chinese New Year. Widely regarded as the year’s golden opportunity to showcase branding and generate goodwill, nice
      PHOTO: ARTHUR LEE  -  392 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      365 23 CRYPTIC CROSSWORD Across 1 Company with limited employee system finished business for the day? (6,4) 9 Beside mountain pass there’s a tree (4) 10 Real Madrid excited one put in the net? (3,7) 11 Everyone in group provided with helmet (6) 12 Graduates returning to university for a day of
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Why investors are paying borrowers
      1080 24  -  Owners of negative-yield sovereign debt say they’re no fools By Lukanyo Mnyanda, David Goodman BLOOMBERG MIKE Amey never thought he’d buy bonds from countries like Germany and Switzerland, when losses were all but guaranteed. Then again, these are hardly normal times in the bond market.
      BLOOMBERG; PHOTO: REUTERS  -  1,080 words
    • Article
      Lock icon When bad news is good news for Chinese assets
      967 24  -  MONEY MATTERS By Chi Lo The writer is Greater China senior economist at bnp Paribas investment Partners WHILE China’s 2014 Gross Domestic Product growth missed the official target only marginally, its consumer price inflation (which averaged less than 2 per cent
      967 words
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      Lock icon Threadneedle plans new funds in Singapore, HK
      453 24  -  By Genevieve Cua gen@sph.com.sg @GenCuaBT ASSET management group Threadneedle Investments aims to launch new funds in Singapore and Hong Kong, as it seeks to further expand its presence in Asia. The firm recently announced a rebranding of its business as Columbia Threadneedle Investments
      PHOTO: RENDY ARYANTO  -  453 words
    • Article
      Lock icon Pacific Radiance tops sells at SSI6.9m
      479 25 ON THE RADAR GLOBAL mutual funds were net buyers of Singapore stocks in the three months to Jan 21. Funds bought S$986.2 million worth of shares based on the top five stocks, compared to S$713.5 million worth of net sells. This week we look
      479 words
    • Article
      Lock icon Asia’s rich do not fancy Aussie anymore: UBS
      837 25 The currency has tumbled 16% in the past six months to the weakest level since 2009 and further declines are expected BLOOMBERG Singapore ASIA’S wealthy are falling out of love with the Aussie dollar as record-low yields and sustained declines persuade them
      BLOOMBERG  -  837 words
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      Lock icon Page 24 Advertisements Column 1
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      1951 26 A Special Feature Presented By Zitigold Private Client THE ECONOMY IN PERSPECTIVE Pan-Asia Equity Strategy The Climb Continues; 12 per cent Total Return for 2015 In this final feature of the three-part "The Economy in Perspective" weekly series, Citi's Markus Rosgen offers his views on what 2015 will bring to
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