The Business Times, 4 November 2014

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Microfilm: NL33295
Total Pages: 70
1 40 The Business Times
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  • Title Section
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    29 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg O n@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 ICA (P) Wednesday, October 8, 2014 Tuesday, Novem 4
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  • Article, Illustration
    Lock icon DAILY DIGEST
    234 1 Singapore’s R&D programmes and policies are under review ahead of the next tranche of science funding. TOP STORIES/ 2 China’s October PMI shows domestic demand is weighing on growth and suggests that the economy will continue to slow. TOP STORIES 2 To help Singaporeans master skills for the
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  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 3,290.84 +16.59 KL COMP 1,853.34 -1.81 NIKKEI 225 Closed HANG SENG 23,915.97 -82.09 SHENZHEN B 984.31 +6.36 DOW (11am EST) 17, 370.42 -20.10
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  • Article
    Lock icon Restructuring not just about productivity: MAS
    882 1  -  Exercise aims to align economy with capabilities, resources; raising productivity is for increasing real wages By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore AS it becomes clearer that it will be extremely challenging for Singapore to hit its ambitious 2-3 per cent productivity growth target, the
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  • Article
    Lock icon GIC makes first real estate move into NZ
    540 1  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore AFTER clocking in an ultra-busy month in October, Singapore’s sovereign wealth fund GIC could be keeping up the shopping pace this month. On Monday, the state-linked fund with over US$100 billion of assets under management, revealed
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      163 1 *****4 QUANTITATIVE EASING RESIDENTIAL MARKET HOCK LOCK SIEW SGX needs to engage brokers in bid to revive market COMPANIES MARKETS 11 Blackstone said to be doing due diligence for bulk purchases REAL ESTATE 14 Unlikely Fed would return to this tool any time soon LOOKING OVERSEAS Asian investors eye property
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      59 1 Shaping the Wealth Management landscape Read about it in Wealth magazine Free with your BT today Even as labour continues to be a problem, some SMEs choose to be creative within the constraints. Find out more about the strategies they employ in the Nov/Dec issue of The SME Magazine. Look
      59 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon China’s October PMIs point to cooling domestic demand
      644 2  -  Economists say the economy is slowing faster than it should and could be much more efficient By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S October Purchasing Managers’ Index (PMI) out over the weekend shows that domestic demand is weighing on growth and suggests that
      PHOTO: AFP  -  644 words
    • Article, Illustration
      Lock icon S’pore reviewing R&D efforts to ensure continued success
      668 2  -  Beyond economic growth, science, technology can provide solutions to nation’s challenges By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE is reviewing its research and development (R&D) programmes and policies ahead of the next five-year tranche of science funding. “This meeting was really about
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    • Article, Illustration
      Lock icon S$30m fund to help Singaporeans master skills
      533 3  -  Ho Bee donates S$5m to the SkillsFuture Jubilee Fund at The Metropolis inauguration ceremony By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A NEW fund with a target size of S$30 million has been created to help Singaporeans master skills for the future. Formed under
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    • Article
      Lock icon SMCCA faces hurdle in membership drive
      646 3  -  As it looks to boost membership count, association believes some firms afraid to offend SGX By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore PEOPLE have told him that he is brave to put it mildly for helming the Small and Middle Capitalisation Companies Association (SMCCA), says
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    • Article, Illustration
      Lock icon S’pore imposes visa requirements on citizens from 3 Ebola-affected countries
      905 4  -  Move, from Wednesday, will allow for better oversight, control of entry and facilitate possible contact tracing of Guinea, Liberia, Sierra Leone visitors YESTERDAY IN PARLIAMENT Reports by Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE will impose temporary visa requirements for citizens
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    • Article
      Lock icon SAF to join global coalition against ISIS: Ng Eng Hen
      578 4 SINGAPORE “must resolutely oppose” the spread of terrorism in order to safeguard its security. Defence Minister Ng Eng Hen on Monday said in Parliament that it is with this in mind that the Singapore Armed Forces (SAF) will join 33
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    • Article, Illustration
      Lock icon Tokyo meeting to address changing LNG landscape
      754 4  -  Suppliers will be urged to be more flexible as US shale oil boom impacts market By Anthony Rowley btworld@sph.com.sg Tokyo ENERGY politics will dominate an international conference in Tokyo this week where Asia’s major consuming nations, including Japan, will press for better terms
      FILE PHOTO  -  754 words
    • Article
      Lock icon More tools to measure productivity growth soon
      312 4 INCREASINGLY, the government is coming up with more indicators to better measure productivity growth in the different sectors. Senior Minister of State for Trade and Industry Lee Yi Shyan on Monday said in parliament that the Ministry of Trade and Industry is working
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    • Article, Illustration
      Lock icon Leadership changes at govt agencies in December
      388 4  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore THE Media Development Authority (MDA) will be getting a new chief executive officer in December, while several changes in permanent secretary positions will also come into effect. Gabriel Lim, the outgoing principal private secretary (PPS) to Prime
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      129 2 a 23 -f 1- 11 i. 9 •l H-* Seminars by Senior Directors of London's oldest and most successful independent leasing company Date: Saturday, 8th November 1 st event: 1 3pm 2nd event: 4 6pm Private meetings available Thursday 6th to Monday 10th Nov. BOOK NOW! Seminar Topics: Is London
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      222 2 FUTURE i i t i i i f tt i t a CHINA ATTEND THE INFO SESSION REGISTER NOW! Grooming Jidiire leaders to be ‘China-ready” Chino-savvy” and “Connected” f c Shaw Lay See Director and Chief Operatih Next Intake: March May 2015 Up your China-quotient and future-proof your business with
      222 words
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      Lock icon Page 3 Advertisements Column 1
      24 3 Shop ONLINE www.oaks.com.sg It's A ‘Discovery! OAKS ine wine shop Collection Bellenum Clos de la Roche Grand Cru 1999 j Usual: SS300.00 Now: S$270.00
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      97 3 GP GIRARD -PERREGACIX MECHANICS OF TIME SINCE 1791 > 610 0 1b m m IRARD PERREGACIX O' BO o <o wmm m a R o ay. 30 •S' i '3 I m i sm LIE VI if GIRARD-PERREGAUX 033Q0-0095 CALIBER, iELF-WINDING MECHANICAL MOVEMENT HOUR, MINUTE, SMAiL SECOND, LARGE DATE, MOON
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  • Page 5 Advertisements
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      244 5 PATEK PHILIPPE GENEVE Begin your own tradition. PATEK PHILIPPE GRANDMASTER CHIME m n VW 34 ~~Li -i S IV.. if ans u V 7 i ■VViy fyllPP* 1 IPPE P-5 K3 I m m h <9. X. .-m* IT %1S$ swjsi*^. oO 1 a m\ Patek Philippe Grandmaster Chime Ref.
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  • COMPANIES & MARKETS
    • Article
      Lock icon SPH acquires 60% stake in StreetSine Technology Group for S$30m
      495 6  -  Benefits include creating the most far-reaching, digital property listing platform in Singapore By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SINGAPORE Press Holdings (SPH) has acquired a 60 per cent stake in privately-held CoSine Holdings, the holding company for StreetSine Technology Group
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    • Article, Illustration
      Lock icon OUE H-Trust’s Q3 DPS higher than forecast
      417 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore OUE Hospitality Trust (OUE H-Trust) on Monday reported distribution per share of 1.64 Singapore cents in the third quarter, up 2.5 per cent from its forecast, on higher distributable income. Income available for distribution was stronger than
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    • Article, Illustration
      Lock icon Compact Metal surges on news of exercise of option
      307 8  -  October option deal includes chairman selling some shares at eight Singapore cents apiece HOT STOCK By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore PENNY stock Compact Metal Industries was the second most actively traded counter on Monday with some 159 million shares worth
      Source: Bloomberg  -  307 words
    • Article, Illustration
      Lock icon Chip Eng Seng wins S$233m contract
      395 8  -  ORDER BOOKS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CHIP Eng Seng Corporation was among the companies that announced contract wins on Monday. The construction firm said that it has won a S$232.8 million contract through its wholly owned subsidiary. The contract was awarded by
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    • Article
      Lock icon Cosco posts 69% rise in Q3 earnings
      357 8  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore MAINBOARD-listed Cosco Corporation (S) announced Q3 net profit of S$7.1 million, 69 per cent higher than the S$4.2 million it made during the same period last year. For the three months ended Sept 30, the shiprepair marine
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    • Article
      Lock icon CitySpring maintains Q2 DPU at 0.82 Singapore cent
      146 8 Singapore CITYSPRING Infrastructure Trust on Monday reported a distribution per unit (DPU) of 0.82 Singapore cent for its fiscal second quarter. This is unchanged from the same period a year ago, and in line with annual DPU guidance for fiscal 2015. The
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    • Article
      Lock icon SGX needs to engage brokers in bid to revive market
      917 11  -  HOCK LOCK SIEW BY VEN SREENIVASAN THE Singapore Exchange (SGX) must be applauded for trying to revive a somewhat moribund equity market. Cutting board-lots, boosting minimum trading price for mainboard stocks, providing value-added products such as SGX Stockfacts and even
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    • Article
      Lock icon LionGold explains underestimated impairment
      442 11  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore DELAYS in a fund-raising exercise due to the surprise visit by the Commercial Affairs Department had caused LionGold Corp to be unable to assess the impairment of the value of an asset in time. This, coupled with a rapid decline
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    • Article
      Lock icon SRC breaks ground for S$500m investment
      192 11  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE Singapore Refining Company (SRC) took another step forward with the long-delayed upgrading of its refinery on Monday, with a groundbreaking ceremony of the new facilities. The installation of a new gasoline clean fuels facility and a cogeneration
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    • Article, Illustration
      Lock icon STI / Catalist
      63 12 STI Catalist Straits Times Index NOV 3,2014 3,290.84 +16.59 (+0.51%) Current streak 4 days Day high 3,295.77 Day low 3,281.30 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index NOV 3,2014 819.80 +24.27 (+3.05%) Current streak 2 days Day high 819.80 Day low
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    • Article, Illustration
      Lock icon STI continues rally on support from banks, BOJ
      669 12  -  Credit Suisse sees downside risks to lenders’ 2015 earnings, but says they should still be able to deliver modest EPS growth STOCKS By KENNETH LIM kenlim@sph.com.sg @KennethLimBT SINGAPORE stocks continued to rally on Monday, led by a warm reception for the banks’
      Source: Bloomberg  -  669 words
    • Article
      Lock icon STI STOCKS
      306 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 224 +1 225/223 250 206 6.4 5659.8 CapitaLand 319 +2 320/317 348 268 16 2.5 *****.6 CapitaMall Trust 197.5 +0.5 198/197 209 180 5.2 6849.9 CityDev 947 +2 951/945 1118 860 12.8
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    • Article
      Lock icon MOST ACTIVE
      37 12 VOLUME Charisma Energy 186,550,000 Compact Metal 158,836,000 JES Intl 116,324,000 CompactMetal W*****0 89,200,000 Mirach Energy 78,725,000 Market volume 2,447,894,000 VALUE DBS Grp 81,099,745 SingTel 51,861,170 Keppel Corp 45,915,024 Noble 45,134,450 UOB 44,887,400 Market value 1,070,305,000
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    • Article
      Lock icon SGX ETFs
      111 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 333 +2 124 334/331 343/298 332/333 IS MS India US$ US768 -3 92 775/768 779/541 768/771 96 UETF SSE50China 161 -2 58 162/159 165/140 161/163 50.3 Nikko AM STI ETF 337 +1 48 338/336
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Nov 3 VALUE CLOSE BT OB/OS 529.00 -12.00 BT CADI -*****.00 +118.00 BT 10-day MA -*****.00 +53.00 FTSE ST Mid Cap 750.59 -0.38 FTSE ST Small Cap 525.75 +3.06 FTSE ST All Share 794.98 +3.34 FTSE ST China Top 190.89 +0.78 FTSE ST China 226.53 +0.70 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      34 12 STI FTSE ST All-Share FTSE ST All-Share index NOV 3,2014 794.98 +3.34(+0.42%) Current streak 4 days Day high 795.91 Day low 793.28 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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      Lock icon STI / MSCI EAFE
      33 12 STI MSCI EAFE MSCI EAFE index Oct 31,2014 1,818.35 +19.74 (+1.10%) Current streak 1 day Day high 1,824.10 Day low 1,795.73 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 4 0 0 0 8 4 4 Manufacturing 48 38 35 17 4 6 65 42 41 Commerce 28 16 14 8 4 0 36 20 14 Tpt/Stor/Comms 25 7 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,203 23,203 79,167 79,167 Manufacturing 548,162 82,749 630,911 142,484 4,923 147,407 Commerce 108,577 107,204 215,781 109,543 7,461 117,005 Tpt/Stor/Comms 153,522 4,641 158,163 148,550 836 149,386 Finance 26,387 878 27,265 175,235 182 175,417 Construction 68,941 220,719
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    • Article
      Lock icon GAINERS
      78 12 BY CENTS CLOSE UP 52w high/low DBXT MSJAP US$ 4697 176.2 3.0 4814/4260 DBXT Vietnam US$ 2949 105.5 2.9 3100/2354 DBXT Nifty US$ ***** 101.6 0.6 *****/9759 Lyxor ThaiSET US$ ***** 93.9 0.5 *****/***** Hyflux 6% CPS ***** 75.0 0.7 *****/***** BY PERCENTAGE CLOSE UP 52w high/low CEFC Intl
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    • Article
      Lock icon LOSERS
      77 12 BY CENTS CLOSE DOWN 52w high/low DBXT AUDCS US$ ***** -195.5 -0.8 *****/***** DBXT iBoxxKR US$ ***** -185.2 -0.9 *****/***** GLD US$ ***** -137.6 -0.9 *****/***** DBXT EONIA US$ ***** -136.3 -0.6 *****/***** DBXT MSKorea US$ 5780 -133.8 -1.8 6735/5630 BY PERCENTAGE CLOSE DOWN 52w high/low ISDN W*****0 2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 12 VOL CLOSE($) CHANGE China Yuanbang 961.0 0.090 -0.023 -20.35 CEFC Intl 339.0 0.033 +0.017 +106.25 Changjiang Fert 44.0 0.040 +0.009 +29.03 Qingmei 1,202.0 0.016 +0.006 +60.00 Charisma Energy 186,550.0 0.038 +0.008 +26.67 JES Intl 116,324.0 0.032 +0.006 +23.08 Compact Metal 158,836.0 0.048 +0.004 +9.09 China Mining 2,919.0 0.071
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    • BROKERS’ TAKE
      • Article
        Lock icon SMRT Corp
        109 12 BUY Nov 3 close: S$1.575 Target price: S$1.70 OCBC Investment Research, Nov 3 WITH the above-expectations performance in H1 FY15, and expectations of sustained earnings, we increase our FY15 and FY16 Patmi (profit after tax and minority interests) forecasts by 9.9 per cent and 2.4 per cent, respectively.
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      • Article
        Lock icon Cordlife Group
        99 12 UNDER REVIEW Nov 3 close: S$1.01 Target price: Under review AmFraser Research, Nov 3 WE are concerned that Cordlife Group (CGL) could be betting the house on its China dream. We believe the risks quite clearly outweigh the benefits and it looks like the deal is structured against
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      • Article
        Lock icon DBS Group Holdings
        225 12  -  Compiled by Kenneth Lim BUY Nov 3 close: S$18.82 Target price: S$21 DMG Partners Research, Nov 3 DBS’s Q3 FY14 core earnings rose 4 per cent quarter on quarter, helped by healthy income growth. While provisions were higher, nine-month FY14 credit cost fell 12 basis points year
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      • Article
        Lock icon CALENDAR
        9 12 DATA I 9.30 pm Singapore Purchasing Managers Index
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    • Article
      Lock icon US dollar surges to 7-year high against yen
      431 13 CURRENCIES REUTERS London THE dollar powered to a seven-year peak against the yen and a two-year high against the euro on Monday, extending gains on the Bank of Japan’s latest stimulus action and punishing oil and gold priced in the US currency.
      REUTERS  -  431 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        470 13 NOV3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 5.352 0.700 6.785 53.723 105.924 0.986 9.382 2.899 1.124 89.940 39.318 1.125 9.657 0.844 26.655 28.522 0.547 0.875 Canada 1.013 5.422 0.709
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      • Article, Illustration
        Lock icon HANG SENG
        2 13
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        Lock icon SHANGHAI COMPOSITE
        2 13
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        Lock icon DOW JONES
        2 13
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 13 NOV 3 S$ Bid Offer 1-month 1.2863 1.2866 2-months 1.2864 1.2867 3-months 1.2862 1.2867 6-months 1.2862 1.2867 Source: OCBC
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 13 NOV 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1253 1.1257 0.8748 0.8750 Canadian dollar 1.1397 1.1405 0.8865 0.8861 Euro 1.6074 1.6079 1.2496 1.2498 NZ dollar 1.0014 1.0019 0.7785 0.7788 Sterling pound 2.0556 2.0565 1.5981 1.5985
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        Lock icon NIKKEI
        1 13
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 13 NOV 3 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 13 Nov 3 $S Offer Bid 0vernight 0.15 0.05 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.30 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 13 NOV 3 Nov 3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.96 5-Year N*****0H 1.625 01-Oct-19 100.75 100.85 100.73 10-Year NY*****H 3.000 01-Sep-24 106.28 106.45 106.22 15-Year NY*****E 2.875 01-Jul-29 102.4 102.30 102.30 20-Year NZ*****V 3.375 01-Sep-33 108.09
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        368 13 NOV 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.14 *****.91 *****.14 Dec14 *****.00 *****.00 *****.00 *****.00 *****0 *****0 Mar15 *****.00 *****.00 *****.00 *****.00 131 914 MSCI TAIWAN INDEX FUTURES SPOT 332.96 335.31 332.71 Nov14 334.20 336.30 332.70 334.30 ***** *****3 Dec14 333.90
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        223 13 Most active Nov 3 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Compact Metal Indus W*****0 3 0.4 ***** 1 2 24 Rowsley Ltd W*****3 4.7 0.9 ***** 1 18 23 KLW Holdings Ltd W*****0 0.2 unch 8988 1
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 13 In local curr In S$ In US$ dy yr dy yr dy yr Oct 31 Index Change Change Change Change Change Change World Preliminary 1250.8 1.4 5.6 1.6 4.5 0.9 2.7 EAFE Preliminary 969.3 2.1 1.4 1.8 -3.4 1.1 -5.1 Europe Preliminary 1363.0 1.6 0.6
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        212 13 Oct-31 Price Net change change Last Trade Agricultural Oct-31 CBOT Soybeans (US cents/bu) 1046.50 22.25 2.17% 14/11/2014 CBOT Soybean Oil (US cents/lb) 34.80 0.49 1.43% 12/12/2014 CBOT Wheat (US cents/bu) 532.50 -3.50 -0.65% 12/12/2014 Oct-31 LIFFE Cocoa (£/tonne) 1910.00 -20.00 -1.04% 12/12/2014 LIFFE Coffee (US$/tonne) 2048.00 12.00 0.59%
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      • Article
        Lock icon PALM OIL
        57 13 NOV 3 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2300.0 2315.0 2315.0 2300.0 25 1505 Dec 14 2315.0 2341.0 2350.0 2313.0 2653 ***** Jan 15 2313.0 2336.0 2345.0 2309.0 ***** ***** Feb 15 2312.0 2338.0
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      172 6 SINGAPORE PREVIEW Friday 7 November, 10am to 8pm Saturday 8 November, 10am to 7pm Grand Hyatt Singapore Level 2, Grand Salon 10 Scotts Road Singapore *****1 SINGAPORE ENQUIRES Bernadette Rankine +65 6701 8038 +65 6701 8058 +65 6701 8068 singapore@bonhams.com BONHAMS SINGAPORE 11 th Floor, Wisma Atria 435 Orchard Road
      172 words
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      Lock icon Page 6 Advertisements Column 2
      17 6 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
      17 words
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  • Page 8 Advertisements
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      617 8 Striving For Professional Excellence Who should attend: Senior and Middle Management, Supervisors, Team Leaders, Managers, Business Owners, PMETs, and anyone who wishes to achieve higher success in their career. FULL-DAY WORKSHOPS Buzan Mind Mapping For Higher Workplace Productivity Nurturing The Next Crop of Leaders 20 1 4 N O VEM
      617 words
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  • Page 11 Advertisements
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      393 11 SMU EXECUTIVE DEVELOPMENT SMU Executive Development enables executives to be “Future Ready–Now”, equipping them with the knowledge, skills and confidence that managers and leaders operating in Asia and globally require today and will be increasingly relevant tomorrow. Our portfolio of programmes empowers you to make key decisions in a context
      393 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Blackstone said to be in due diligence for bulk residential purchases
      775 14  -  Paterson Suites and 21 Anderson bulk purchases expected to be effected through the sale of shares By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore GLOBAL investment and advisory giant Blackstone is said to be keen on bulk purchases of high-end residential
      PHOTOS: THE STRAITS TIMES, JONES LANG LASALLE AND ARTHUR LEE  -  775 words
    • Article
      Lock icon Nov 28 opening for The Seletar Mall
      198 14 Developed by a JV firm of SPH and UE, it has already achieved 99.6% occupancy THE Seletar Mall has obtained the Temporary Occupation Permit (TOP) on Oct 28 and will open its doors to shoppers on Nov 28. The mall developed by The
      198 words
    • Article
      Lock icon Asian investors eye property beyond region for next year
      698 16  -  They prefer UK and US, says survey; S’pore office sector also popular among Asian and global investors By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ASIAN investors appear to be more keen to acquire properties outside the region next year, in contrast to
      698 words
    • Article
      Lock icon Australia’s tale of 3 cities highlights RBA loan curbs dilemma
      530 16 Prices along the east coast are surging, while the rest of the country fell in Oct BLOOMBERG Sydney AUSTRALIA’S property market is showing signs of a new two-speed economy. Prices along the nation’s east coast are still surging, while the
      BLOOMBERG  -  530 words
    • Article, Illustration
      Lock icon Norway investor urges Hyundai to improve corporate governance
      575 17 BLOOMBERG Seoul SKAGEN Funds, the biggest holder of Hyundai Motor Co preferred shares, is pushing South Korea’s largest carmaker to improve corporate governance after a real estate purchase for three times the property’s assessed value sparked a rout in the stock. The
      BLOOMBERG; PHOTO: REUTERS  -  575 words
    • Article, Illustration
      Lock icon Chinese dominate auction of Portugal govt properties
      1026 17 They account for almost 1 in 5 foreign property purchases in the country during the first 9 months BLOOMBERG Lisbon AS bargain-hunters waited in a packed room at a property auction in Lisbon last month, one language dominated their chat: Mandarin. About 90
      BLOOMBERG; PHOTO: REUTERS  -  1,026 words
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      190 14 FOR SALE BY EXPRESSION OF INTEREST SINGLE UNIT IN PRUDENTIAL TOWER Grade-A quality specification Ideal for Owner Occupation or Investment Covered access to Raffles Place and Telok Ayer MRT Spacious car drop off point Further enhancement to double-storey height modern lobby Column-free regular floor plate Ample car-parking provision with 181
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      239 14 FREEHOLD DEVELOPMENT SITE 200M FROM MRT STATION r To City ft£ emsT.Hi FUTURE GREATER SOUTHERN WATERFRONT CITY Pasir Panjang MRT Station Pasir Pan J an 9 Food Court A -nr .1.^1 OSi BSi 2014. m Site area 3,550.8 sq m approximately 38,220 sq ft Masterplan zoning “Residential” at Plot Ratio
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      95 14 FOR SALE BY TENDER Prestigious Ampang Hilir Residential Development Kuala Lumpur *****, Malaysia M Sr S3* >■ 7 U Thant, Jalan U Thant FOR MORE INFORMATION PLEASE CONTACT: Prime location, opposite US Embassy. 10 minutes to KLCC 10 storey, total 24 spacious luxury apartments Gross strata area 97,564 sq ft
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      17 14 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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      94 16 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE CRASH COURSE: University graduates are now more aware of the benefits of being employed by an SME. PLAY WITH YOUR FOOD: Food Playground draws their inspiration from stay-at-home-mums and active seniors. WORKING OUT
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      316 16 REAL ESTATE APPRAISAL in JAPAN m 4 m f i 5 iisa Support for Invest Real Estate in Japan through Consultation and Solutions Based on Appraisal Leading Company of Appraisal Service in JAPAN since 1967 J-REIT Companies, Private Real Estate Funds, Banks, Insurance Companies, Real Estate Companies as the actual
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      70 16 12th edition 19 22 March 2015 Singapore EXPO Hall 6 11am 10pm Daily Participate in Singapore’s MEGA Food Beverage Fair Sell local international food products to over 250,000 visitors during the March school holiday period! Book Your Space NOW! *Limited Booths Available! For more information, call *****620 or email to
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      420 17 1 1B FIGARO STREET COMMERCIAL SHOP UNITS FOR SALE RY PUBLIC TENDER 2 adjoining ground floor shop units Prominent dual road frontage Rare 9,999 year leasehold Total Strata Area approximately 3,521 sq ft Full F&B approval for 1 Figaro Street 100% tenanted with stable rental income and potential for capital
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      166 17 Japan Investment Opportunities Japan Business Development Unit (JBD) A collaboration between OrangeTee and Tokyu Livable, Inc., Japan Real Estate Investment Services Real Estate Market Research Investment Structuring Advisory Asset Management Services Property Management Services Leasing and Tenancy Management, etc. Across all major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka,
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  • BANKING & FINANCE
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      Lock icon British banker charged with murder in HK
      647 18 Brief hearing was adjourned until Nov 10, without the accused entering a plea REUTERS Hong Kong A 29-year-old British banker appeared in a Hong Kong court on Monday charged with two counts of murder after police found the bodies of two women in
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      Lock icon HSBC makes US$378m provision for likely forex penalty
      350 18 AFP London HSBC Bank on Monday took a US$378 million charge linked to allegations of foreign exchange market rigging, and posted mixed earnings for the third quarter. The Asia-focused lender added in a results statement that talks were ongoing with Britain’s Financial
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      Lock icon MBSB’s net profit increases 45% to RM192m in Q3
      543 18  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur ON the back of an expansion in corporate loans, Malaysia Building Society Bhd (MBSB) has registered a 45 per cent increase in net profit to RM192.4 million (S$75 million) for the third quarter to end-September
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      379 18 STPR#PERTY Expo 2014 STProperty collaborates with Malaysia's most established developers to give you an edge in your investment portfolio! DATE: Saturday, 29 Nov 2014 Sunday, 30 Nov 2014 VENUE: SUNTEC Singapore Convention Exhibition Centre Level 3 Summit 1 and 2, Rooms 321 322 TIME: 10.30am-7.00pm PRE-REGISTER NOW at WWW.STPROPERTY.SG/EVENT FOR
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  • ENERGY & COMMODITIES
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      Lock icon Scientists call for fossil fuel limits
      927 19 Burning existing reserves identified by national govts and commodity firms will result in dangerous climate change BLOOMBERG London THE world can only consume a fraction of the known deposits of fossil fuels if it’s to avoid the most dangerous impacts from climate change, according
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      Lock icon Germany turning against coal may boost reliance on Russian gas
      689 19 BLOOMBERG Berlin GERMANY is turning against coal as a fuel for generating electricity, a move that will boost the nation’s reliance on natural gas from Russia. Alarmed that curtailing nuclear power has prompted utilities to burn the most coal in
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      79 19 .«/;?y .> S&er:. :u....> >v». -.*.y iJVttd Sea; STW tJc vi- wT m NT B ,'»v-• 'vW''- ;,k’W ■W&WP/f- ~?:S’'■•■■!’ .V» v «fcpA Cook an egg? V-tv- \V ■V *>S**f Vi' S3 55 i i iH 1 What can you do in 3 minutes? i w. m Become enlightened! Scan
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  • TECHNOLOGY
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      Lock icon Europe to make telecom investments attractive
      751 20 European Commission’s new digital chiefs support plans that will relax the region’s strict rules on telecom mergers NYT London POOR cellphone and Internet service is a fact of life in many parts of Europe. Less than a quarter of Europeans can connect to high-speed
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      Lock icon Altice offers 7b euros for Oi’s Portuguese telecom assets
      251 20 BLOOMBERG Paris BILLIONAIRE Patrick Drahi, fresh from winning approval to acquire France’s sec-ond-largest mobile-phone company, made a seven billion-euro (S$ 11.3 billion) offer to buy Oi SA’s Portuguese telecommunications assets. Altice SA, Mr Drahi’s cable holding company, will finance the bid
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      Lock icon Michael Dell, one year after taking company private
      1370 20 He’s just pleased to have his namesake firm to himself NYT New York A YEAR after spending US$24.9 billion taking his computer company private, Michael Dell is gleeful to have his namesake firm to himself. And to be done with Wall Street.
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      726 20 The Business Times NOTICES In the Matter of The Companies Act, Cap. 50 and In the Matter of ORION ELECTRIC MANUFACTURERS (SINGAPORE) PTE. LTD. (In Member's Voluntary Liquidation) (Company Registration No. *****0613W) ("the Company") On 27 October 2014, the Resolutions set out below were duly passed at the Extraordinary General
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  • CONSUMER
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      Lock icon How Sanofi got rid of its chief exec
      1272 21 Chris Viehbacher was fired at a dawn board meeting, with the ‘mess in Brazil’ cited as one of the reasons REUTERS Paris CHRIS Viehbacher speaks plainly. “We had somewhat of a mess in Brazil, so that’s why I decided to change management,”
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      Lock icon Advertising giant Publicis to buy digital ad specialist for US$3.7b
      294 21 REUTERS Paris PUBLICIS, the world’s third-largest advertising holding company, has agreed to buy digital ad specialist Sapient for US$3.7 billion in cash as it seeks to accelerate growth after a botched merger earlier this year. Publicis said on Monday that
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      210 21 URBANATHLON 2015 TEST YOUR STRENGTH. CHALLENGE YOUR SPIRIT. 14KM ROUTE, 9 URBAN OBSTACLES EARLY BIRD RATE AT ONLY $108! (U.P.$128) TILL DEC 15, SO HURRY! MARCH 1, 2015 7AM KALLANG PRACTICE TRACK ARE YOU A CUB OR A LION? PROVE YOUR METTLE IN SINGAPORE’S TOUGHEST RACE WITH NEW OBSTACLES, OLD
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  • GOVERNMENT & ECONOMY
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      Lock icon India trumps Turkey in efforts to control inflation
      1200 22 RBI governor has had more success than his Turkish counterpart, following Fed’s halt to bond buying BLOOMBERG New Delhi THE Federal Reserve’s halt to bond buying is testing central bankers’ efforts to control inflation halfway round the world. Two of the world’s
      BLOOMBERG; PHOTOS: BLOOMBERG  -  1,200 words
    • Article
      Lock icon Brisbane G-20 summit to focus on ‘building a stronger world economy’
      506 22  -  Talks to include US$1 trillion global infrastructure gap, reducing tax avoidance: Abbott By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN the leaders of the group of 20 major economies (G-20) gather in Brisbane for their annual summit next week, their
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      Lock icon Macau’s casinos worryingly reliant on high-rollers
      591 22  -  By Ethan Bilby &2H REUTERS BREAKINGVIEWS Hong Kong A DROP in the number of Macau’s high rollers may push the Chinese territory’s gambling revenue to its first annual decline on record. Forecasts for next year seem over-optimistic. For many casinos in the coastal enclave,
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      Lock icon US factory activity growth rebounds in October: ISM
      477 22 LATEST US DATA BLOOMBERG Washington MANUFACTURING in the US expanded in October at a faster pace than forecast, indicating the industry remains a pillar of strength for the world’s largest economy. The Institute for Supply Management’s factory index increased to 59 in
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      Lock icon Xi-Abe talks won’t materialise, says Xinhua
      363 22 BLOOMBERG Hong Kong JAPANESE Prime Minister Shinzo Abe’s bid for formal talks with Chinese President Xi Jinping at a regional summit in Beijing next week is unlikely to succeed, a commentary by China’s state-run Xinhua News Agency said. The prospects for a first meeting
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      Lock icon Euro crisis firms German power, 25 years after fall of Berlin Wall
      800 23 But many complain Berlin is too reluctant to lead, despite its dominant position in the continent AFP Paris “WE beat the Germans twice and now they’re back,” then British prime minister Margaret Thatcher reportedly said after the Berlin
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      Lock icon French president in Canada to boost transatlantic trade
      622 23 AFP Banff, Canada PRESIDENT Francois Hollande began the first visit to Canada by a French leader in a quarter of a century on Sunday, flying in to the country’s oilrich west to drum up transatlantic trade. A new trade pact between Canada
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      68 23 GET A BOOST FROM 5 7 NOV 2014 Purchase a copy of THE BUSINESS TIMES and get a $5 Spinelli voucher* Available at: Adpost Paragon Paragon #B1-19 20 Orchard Road Raffles Courtyard Raffles Place Courtyard, outside Raffles MRT EXIT A Tanjong Pagar MRT (exit A) Facing Peck Seah Street Tanjong
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      172 23 .comdirectory YOURGANGWAY COMINGSOON! TOAN OCEANOFBUSINESSOPPORTUNITIES! The Business Times/Shipping Timesis opening up an exciting new “trade route” for businesses catering to the maritime, shipping and related industries with the upcoming launch of its Maritime And Shipping Directory. Here’s how this new advertising platform can help your business make a splash in
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  • OPINION
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      Lock icon Abe and Xi have a ‘carpe diem’ opportunity at Apec Summit
      492 24 EDITORIAL WILL they or won’t they? That is the vitally important question facing the rest of Asia as speculation mounts over a possible bilateral meeting between Japanese Prime Minister Shinzo Abe and Chinese President Xi Jinping on the sidelines
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      Lock icon Europe’s chronic stagnation could give way to more ills
      850 24  -  THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP CAN Mario Draghi save Europe? Mr Draghi heads the European Central Bank (ECB), Europe’s equivalent of the Federal Reserve. The fact that the question is being asked is an unsettling
      THE WASHINGTON POST WRITERS GROUP  -  850 words
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      Lock icon END OF THE REIGN OF US DOLLAR?
      1228 24  -  The recent slew of Russia-China oil and gas deals could signal that the days of US dollar-priced energy, and therefore dollar dominance, are numbered.BY ANDREW days numbered.BY ANDREW TOPF RECENT trade deals and high-level cooperation between Russia and China have set off alarm
      PHOTO: REUTERS  -  1,228 words
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      Lock icon Democrats and Obama headed for losses
      1058 25  -  COMMENTARY By Leon Hadar Washington IT’S one of Washington’s most familiar political axioms: The political party that controls the White House tends to lose Congressional seats during the mid-term elections that take place two years after one presidential race and two years before the
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      Lock icon Stimulus further reflects Kuroda’s conviction to achieve inflation goal
      920 25  -  COMMENTARY By Anthony Rowley Tokyo WHATEVER people may say about Bank of Japan (BOJ) governor Haruhiko Kuroda’s policies (“bold”, maybe, if they are admirers, or “reckless” if they are critics), no one can say that he lacks the courage of his
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      Lock icon BYE, BYE, QE
      1103 25  -  Short of a new financial crisis and a major economic downturn, it’s unlikely that the Fed would return to the quantitative easing (QE) tool any time soon. BY LEON HADAR soon.BY LEON HADAR LAST Wednesday’s announcement in Washington didn’t come as a big surprise, and some would
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  • TRANSPORT
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      Lock icon Westports dips on news of Khazanah's divestment
      592 26  -  Sovereign wealth fund sells all of its 4.74% stake in Malaysian port operator; shares down 0.6% to RM2.98 By S Jayasankaran btworld@sph.com.sg Kuala Lumpur SHARES of Westports Holdings declined 0.6 per cent on Monday to RM2.98 apiece on news over the weekend that
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      Lock icon Asia-Pacific air cargo traffic expands 5.7% in Sept
      456 26  -  Iata projects continued demand due to gains in manufacturing activity By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore ASIA-PACIFIC airlines posted a 5.7 per cent year-on-year growth in freight volumes in September, outstripping the global industry growth rate of 5.2 per cent, as trade
      456 words
    • Article
      Lock icon Daimler opens Beijing R&D centre
      299 26 REUTERS Beijing DAIMLER AG has opened a research and development (R&D) centre in Beijing tasked with further tuning its Mer-cedes-Benz brand to wealthy Chinese tastes and closing the sales gap with Audi AG and BMW AG. The German auto maker’s move demonstrates a desire to
      REUTERS  -  299 words
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      447 26 ??p:r Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST pESfe EfigSas fssil SB3S 5 KB m PiS3 a m I SIS B Early bird price ends 10 Nov 2014 WHY ATTEND? ♦Terms and Conditions apply Seminar fee includes refreshments a buffet lunch at Suntec
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  • Article
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    973 27 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hyundai Progress 295E 05 Nov 02 Dec 19 Dec 23 Dec 24 Dec 25 Dec 29 Dec 30 Dec 01 Jan 02 Jan 07 Jan Hyundai Progress
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      166 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? I'HEBUSTVF.SS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development f; fj
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Gates gives US$500m to fight malaria, infectious diseases
      566 28 His foundation is also boosting annual funding for malaria by 30% AFP Washington US philanthropist Bill Gates announced he will donate over US$500 million to fight malaria and other infectious diseases in the developing world, saying the Ebola outbreak is a call
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      Lock icon Academics try to bridge language gap between the two Koreas
      941 28 AFP Seoul NORTH and South Korea have never found dialogue easy, but academics from both sides currently meeting in Pyongyang are trying to steer things in the right direction by at least getting them to speak the same language. A
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    • Article
      Lock icon Jazz clarinettist Acker Bilk dies aged 85
      286 28 AFP London BRITISH jazz clarinettist Acker Bilk, who became an international star with his 1961 single Stranger On The Shore, died on Sunday aged 85. The first British act to top US charts in the 1960s, the goateed musician came to personify the
      AFP  -  286 words
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      38 28 NOVEMBER ISSUE OUT NOW! >>> JOIN THE MOTORING SURVEY 2014 WIN FABULOUS PRIZES! 4D/3N hotel stays in Bangkok worth over$10,000 1st-3rd Prize 4th& 5th Prize First 100 entries Free screen protector worth $29.90 JOIN OUR ONLINE SURVEY NOW! WWW.TORQUE.COM.SG
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      54 28 HOT PROPERTY IMMED BARE Suntec 2. $8.8 psf neg. Corp lease. Direct Lift Frontage! 1,050 sqft. D14 FITTED OFFICE, Ware Hse Boustead Hse 1350sf 3Rm+Pantry,Carpet,Aircon$3.4K immed INT'L PLAZA 1453SF Lift frontage. Regular Layout. Bare. Seaview. Above MRT. Immediate. OFFICE SPACES FOR RENT Check this and many other properties in The
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  • Page 28 Miscellaneous
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      301 28 CRYPTIC CROSSWORD Across 5 Line with an enclosure, a decorative cord (7) 7 Antique found in manor-house large bag required (7) 9 Name American river (5) 10 Discover arsenic in the bag (9) 11 Sink full of large fish (8) 13 Some resign I tend to get fired (6) 16
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  • SME
    • Article, Illustration
      Lock icon Meeting the needs of migrant workers
      1037 29  -  Absolute Kinetics Consultancy not only provides workplace safety training, it also offers medical services and is a distributor of mobile pre-paid cards By Candice Ho, Vera Soh, Sarah Chua, Nicholas Chua T The writers are students from NUS Business School MIGRANTworkersmay seem an unlikely
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      Lock icon Achieving growth through sustainable finance
      933 29  -  COMMENTARY By Chanika charoenwong T The writer is a lecturer of banking and finance at NTU’s Nanyang Business School SUSTAINABLE finance involves a long-term integrated approach for using financial resources to optimise a company’s social, environmental and financial mission. It is the provision of financial
      933 words
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      133 29 Celebrating Singapore´s Enterprising Spirit 2014 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Absolute Kinetics Consultancy was among the winners in 2013. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank, and
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      36 1 NOVEMBER 2014 SPOTLIGHT NG KOK SONG Shaping the wealth management landscape INSURANCE Jumbo policies in wealth planning ROUNDTABLE How to pick Tech winners REAL ESTATE Commercial property perks up PHILANTHROPY Let the spirit of giving thrive
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      101 2 CONTENTSnovember 2014 SPOTLIGHT 10 Shaping the wealth management landscape Ng Kok Song, adviser and chair of global investments at GIC, is convinced of Singapore’s potential to grow further as a hub for private wealth TALENT MANAGEMENT 14 Tackling the dearth of talent Financial institutions are making a concerted effort in
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      45 3 Credit Suisse AWARDS FOR DISTINCTION 2013 'H How do yo on your wealth without taking a his ambitio As your life and yqurpriorities change, find out how Credit Suisse can look after your needs, and those of your next generation, at credit-suisse.com w V 1^4
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      169 4 22 30 INSURANCE 20 Good policy to plan ahead Jumbo insurance is part of high-net -worth individuals’ wealth planning and a growing market ROUNDTABLE 22~Winners in the tech domain Technology IPOs have been in the limelight in recent years, but do they make sound investments? Our panellists share their insight
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      196 5 V, IS Where I come from is important, hut where I am going matters even more. With our international investment expertise your wealth has a voice. Let it be heard. Discover more at asia-weaLthmanagement.bnpparibas.com BNP PARIBAS WEALTH MANAGEMENT The bank for a changing world This advertisement is for information purposes
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      81 6 REAL ESTATE 34Commercial property beckons With limited supply backed by positive business sentiment, strata-titled commercial property shows its promise for investment potential LIFESTYLE 36 Being Santa for a day Banks, exclusive members-only firms and~~ concierge service companies are here to help the time poor but resource rich deliver gifts to
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      54 7 Here for generations You have spent a lifetime growing your business and building wealth. Now you want future generations to understand the responsibilities that come with it. Supported by the bank that helps them aim higher. That’s good for a legacy beyond wealth. Here for good Bfil r r t
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  • Wealth
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      Lock icon Editor’s note
      765 8  -  By Genevieve Cua N 2002 a working group of top finance industry professionals proposed the development of Singapore as a regional hub for wealth management. At that time that much had to be done: trust laws needed to be brought up to speed, as well as the tax
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    • SPOTLIGHT NG KOK SONG
      • Article, Illustration
        Lock icon Shaping the wealth management landscape
        1480 10  -  Ng Kok Song, adviser and chair of global investments at GIC, is convinced of Singapore’s potential to grow further as a hub for private wealth By Genevieve Cua EALTH management is an integral part of Singapore’s financial landscape today. But 10 to 12 years ago
        PHOTO: ARTHUR LEE; FILE PHOTO  -  1,480 words
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        Lock icon Emerging markets: Back on the growth path
        686 12 EMERGING markets have endured a selldown and fund outflows over the past two to three years. But Ng Kok Song, adviser and chair of global investments at the Government of Singapore Investment Corporation, is “quite optimistic” that the emerging markets will regain their
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        Lock icon CPF: Knowing the problem is the start of finding a solution
        444 12 Ng Kok Song, GIC adviser and chair of global investments, speaks on the CPF, which has been the subject of some debate in recent months. An advisory panel has been set up to look into some key areas: how
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    • TALENT MANAGEMENT
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        Lock icon Tackling the dearth of talent
        930 14  -  Financial institutions are making a concerted effort in training relationship managers By Genevieve Cua INDUSTRY players often bemoan the dearth of experienced relationship managers in Singapore’s thriving wealth management industry. But that lack has spawned a silver lining as banks are increasingly chary of relying
        PHOTO: ARTHUR LEE; ILLUSTRATION: ISTOCK  -  930 words
    • PHILANTHROPY
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        Lock icon Let the spirit of giving thrive
        1198 16  -  National Volunteer and Philanthropy Centre chief Melissa Kwee sees giving as an expression of her values and identity By Genevieve Cua S MALL acts of kindness among her family made an indelible impression on social activist Melissa Kwee. “It wasn ’t the big endowments
        PHOTO: ARTHUR LEE  -  1,198 words
    • TRUST MATTERS
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        Lock icon Investing differently
        1308 18  -  Any approach to family investing should reflect the history, goals, personalities and culture of the family Mark Haynes Daniell Founder and Chairman Raffles Family Wealth Trust Mark Haynes Daniell is the founder and chairman of the Raffles Family Wealth Trust. He also chairs the Cuscaden Group, his family’s
        PHOTO: ISTOCK  -  1,308 words
    • INSURANCE
      • Article, Illustration
        Lock icon Good policy to plan ahead
        1043 20  -  Jumbo insurance is part of high-net-worth individuals’wealth planning and agrowing market By Genevieve Cua OU may think that wealthy individuals who own millions of dollars of assets would hardly need insurance. But insurance for high-net-worth individuals (HNWIs) is actually a growing market. The objectives that
        PHOTO: ARTHUR LEE; Source: AIA  -  1,043 words
      • Article, Illustration
        Lock icon Making sense of universal life policy
        863 21 DEMAND for universal life insurance policies appears to be on the rise, as more of Asia’s wealthy choose to bank and have their wealth managed in Singapore. Universal life policies are among the key instruments in a wealth manager’s toolkit, for risk management, wealth
        PHOTO: BANK OF SINGAPORE  -  863 words
    • ROUNDTABLE
      • Article, Illustration
        Lock icon Winners in the tech domain
        3344 22 Technology IPOs have been in the limelight in recent years, but do they make sound investments? Our panellists share their insight on tech stocks and how to pick the stars Technology investments have always intrigued, particularly as many of the biggest stocks such as Apple
        PHOTO: ISTOCK  -  3,344 words
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        Lock icon THE BUSINESS TIMES’ WEALTH ROUNDTABLE
        245 23 Genevieve Cua, BT Wealth Editor, poses questions to four wealth experts for their views on technology stocks Stuart O’Gorman is Director of Technology Investment at Henderson Global Investors. Stuart is lead manager of the Henderson Horizon Global Technology Fund, Henderson Global Technology OEIC and a
        245 words
    • GLOBAL OUTLOOK
      • Article, Illustration
        Lock icon Seeing the big picture
        901 28  -  The world economy seems set to enjoy continued growth, providing a reasonably healthy background for stocks By Giles Keating Giles Keating is Global Head of Research, Private Banking and Wealth Management, Credit Suisse O VER the last few weeks, global stock markets saw significant shortterm volatility.
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    • JAPAN OUTLOOK
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        Lock icon What’s next for Japan?
        1333 30  -  The world’s third largest economy has its share of problems and as its recovery story unfolds, the repercussions will be felt globally By Mark Matthews Mark Matthews is Head of Research Asia, Bank Julius Baer HEN pro-busi-ness LDP stalwart Shinzo Abe was elected as prime minister
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        1326 31  -  Any prolonged market weakness is a chance to gain exposure to emerging market equities By Stephanie Lair Stephanie Lair is Head of Investment Services, BNP Paribas Wealth Management Asia Pacific E MERGING markets (EM) have been trading at a steep discount relative to historical value and to
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        948 32 Schroders’ Lee King Fuei gives his insight on the significance of this source of returns in Asia WITH cash in the bank still earning next to nothing, dividends continue to exert a powerful pull on investors. Such income payouts not only enhance total return, but they
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        812 33  -  Investors should thoroughly research strategies that involve more complicated instruments Leonardo Drago Co-founder AL Wealth Partners T EN-YEAR Spanish bond yield just hit 2.17 per cent per annum as I write this. This is the lowest borrowing costs the country has experienced in the last 200 years,
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        1287 34  -  With limited supply backed by positive business sentiment, strata-titled commercial property shows its promise for investment potential Alice Tan Director and Head of Consultancy Research Knight Frank V IEWED as a coveted asset in the spectrum of property segments, commercial property in Singapore presents robust investment opportunities
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        878 36  -  Banks, exclusive members-only firms and concierge service companies are here to help the time poor but resource rich deliver gifts to their loved ones By Rahita Elias ‘TIS the season to play Santa again and pop a present or two under the Christmas tree. If
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        1180 38  -  As superyacht demand warms up, countries from Europe to China vie to be the next Monte Carlo and St Tropez Tara Loader Wilkinson Editor-in-Chief Wealth-X A T the Monaco Yacht Show this year wide-ly-considered the bellwether for the superyachting industry the atmosphere was buzzier than ever. Some
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      97 9 IMAGINE A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have steered a course through over 40 financial crises. Imagine a bank that’s been looking forward for seven
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      117 13 In the future, succession planning will begin at birth As families continue to expand globally, the task of handing over to the next in line will become increasingly complex. This means succession planning will need to begin when the new generation take their first steps. Our network of specialists have
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      125 15 Stability. Reputation. Relevance. Some things should never change. ASiAMONEY #1 Most Reputable and Financially Stable Private Bank in Asia 2014 ABN AMRO Private Banking is honoured to be voted by our clients as the #1 Most Reputable and Financially Stable Private Bank in Asia. –Asiamoney Polls 2014 At ABN AMRO
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      714 17 Swiss bankers since 1873 WEALTH OF OPINION NOT SIZE PEOPLE MAKE A BANK “BOUTIQUE” Knowledge and experience drive our choices. The Asian financial crisis of 1997-98, the Nasdaq crash, and the global financial crisis have changed the way we look at the world. In particular, the GFC dented the banking
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      210 19 A bull run never lasts but your life story can. AIA Platinum Suite of Products. Providing certainty in an unpredictable world. 4 f A 4 r In real life, it's hard to be sure where the next investment will take you. What's guaranteed is protection from AIA. That’s why we've
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      43 25 The leading Swiss private banking group. Since 1890. www.juliusbaer.asia Julius Baer is present in over 40 locations worldwide. From Hong Kong, Shanghai, Singapore, Dubai, Moscow, Milan, Monaco, Frankfurt, London, Guernsey, Nassau and Montevideo to Geneva, Lugano, St. Moritz and Zurich (head offi ce).
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      699 26 ORGANISATION CONTACT DETAILS Premier Financial Institutions Tel +65 6597 8866 www.abnamroprivatebanking.com DESCRIPTION Tel 1800 248 8000 www.aia.com.sg Tel +65 6559 8000 www.bankofsingapore.com Tel +65 6210 3888 www.asia-wealthmanagement.bnpparibas.com Tel +65 6521 1888 www.sg.bsibank.com Tel +65 6223 3132 www.coutts.com ABN AMRO Private Banking has a mature local presence in more than 10
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      46 29 Commitment Crédit Agricole (Suisse) S.A. Singapore Branch 168 Robinson Road, #23-03 Capital Tower Tel: +65 6423 0325 www.ca-privatebanking.com/singapore Long term vision, Conviction driven, Innovation, Bespoke solutions, Preservation. Today and tomorrow Abu Dhabi Belgium Brazil Dubai France Hong Kong Lebanon Luxembourg Miami Monaco Singapore Spain Switzerland Uruguay
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      144 39 BANKOFSINGAPORE Asia's global private bank Like you, we believe opportunities can arise even when the sun has set. Mh; >1 .ill l i KiHI I ,1 I V it I* •i >\ M 1 Bank of Singapore Private Banker and team Finalising a multi-million dollar proposal, 9:36pm K i k
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      41 40 WHEN THE EXCEPTIONAL DEMAND THE EXCEPTIONAL, THEY COME TO COUTTS. For over 300 years, Coutts has been the bank of choice for exceptional people with an unrivalled reputation for managing their unique financial requirements. coutts.com WEALTH pLAnning privATE BAnking invESTMEnT MAnAgEMEnT
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