The Business Times, 17 November 2014

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Total Pages: 28
1 28 The Business Times
  • 28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G n@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Monday, November 17
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  • Article, Illustration
    243 1 Manufacturers are more upbeat than ever, according to findings from the latest BT-UniSIM Business Climate Survey. Across all indicators measured by the poll, the manufacturing sector outperformed all other sectors whether in terms of sales, profits, new orders or business prospects. It also attained the best results among
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  • 25 1 Weekly Change STI 3,315.67 +29.28 KL COMP 1,813.79 -10.40 NIKKEI 225 17,490.83 +610.45 HANG SENG 24,087.38 +537.14 SHENZHEN B 969.84 +13.57 DOW 17,634.74 +60.81
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  • 723 1  -  Confidence downtrend echoes findings from official surveys on business expectations By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore BUSINESS sentiment soured in the third quarter of 2014, with pessimistic companies outnumbering sanguine ones for the first time in a year, according to the latest BT-UniSIM Business
    Source: BT-UniSIM Business Climate Survey  -  723 words
  • 831 1  -  By Virginie Mangin btworld@sph.com.sg Beijing THE Shanghai-Hong Kong Stock Connect programme will debut today, providing unprecedented access for international fund managers into the Chinese A-share market and further boosting Hong Kong as an equity platform. The launch announced last April was originally
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  • Page 1 Advertisements
    • 85 1 *****4 G-20 SUMMIT JOIE BY DOZO GOOD BUSINESS PRACTICES More green, less waste VIEWS FROM THE TOP 14 15 Meatless cuisine with a touch of luxe DINING OUT 27 Commitment to higher GDP growth TOP STORIES 2 TOPLINE Building social networks, the TV way COMPANIES MARKETS 8 > OYSTER PERPETUAL
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  • TOP STORIES
    • 637 2  -  This will add ‘more than US$2 trillion to the global economy and create millions of jobs’ G-20 SUMMIT By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Brisbane THE world’s most powerful economies including the United States, China, Japan and the United Kingdom have promised to
      PHOTO: REUTERS  -  637 words
    • 675 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Brisbane EVEN though the Republicans now have full control of the United States Congress after the recent mid-term elections, Singapore Prime Minister Lee Hsien Loong remains positive that it can work together with US President
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    • 579 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Brisbane IN another boost for the Green Climate Fund (GCF), Japan on Sunday announced it will contribute up to US$1.5 billion to the United Nationsbacked fund. The move came a day after US President Barack Obama
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    • 523 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Brisbane WHILE trade and infrastructure are both essential to stimulating economic growth, the recent trends are “worrying”, says Singapore Prime Minister Lee Hsien Loong. “Trade is becoming more restrictive. (There has been a) significant slowdown in
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    • 500 4  -  Industrial sector comes out tops in sales, profits, new orders, business prospects By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore MANUFACTURERS are more upbeat than ever, according to findings from the latest BT-UniSIM Business Climate Survey. Across all indicators measured by the poll, the manufacturing sector outperformed
      ST FILE PHOTO  -  500 words
    • 778 4  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg THIS week, US stocks are likely to continue their record run as the traditional end-of-year rally gets an extra lift from a dramatic drop in petrol prices. The national average price of petrol
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    • 701 6  -  Scrutiny over feedstock flexibility will be carried out across all of the oil company‘s manufacturing assets globally By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE Singapore Refining Company’s (SRC) refinery could be getting more upgrades to remain competitive, amid an overcapacity in the refining
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    • 792 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IN paying down the last of its debt to the Dutch government this month, ING Group has mostly emerged from a six-year bailout scheme that forced deep restructuring. It also came with sharp timing of sales
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  • Page 2 Advertisements
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 144 4 11 BOUTIQUE PRODUCERS OF ITALY'S MOST PRESTIGIOUS WINE COMING FOR THE FIRST TIME TO ASIA V, r _x *5 .r mmm T JET* dri y >v V Sjm wSasf&f-* BRUNELLO 111 MONTALCINO ‘ft44rf£is amjC bruvC' 20th November 2014 Hilton Hotel, 581 Orchard Road, Singapore 1pm 3pm Masterclass Brunello di Montalcino
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  • COMPANIES & MARKETS
    • 1518 7  -  TT INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd DIRECTORS’ buying fell while selling remained low in the second week of November, according to filings on Singapore Exchange. A total of nine companies recorded 14 purchases worth S$
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    • 1152 8  -  Social networking firm Yuuzoo expects to grow by partnering television and other media companies.BY TTTOPLINE companies.BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT LOG on to the sites designed by mainboard-list-ed Yuuzoo, and a user will notice slick links showing colourful pictures in big boxes for users
      PHOTO: ARTHUR LEE  -  1,152 words
    • 854 8  -  Relying solely on the old boys’ network to rope in directors may not be the best way to find suitable candidates.BY candidates.BY JOHN LIM T The writer is the Immediate Past Chairman of the Singapore institute of Directors T For more articles, go to
      PHOTO: FREEIMAGES  -  854 words
    • Article, Illustration
      65 9 STI Catalist WEEKLY Straits Times Index NOV 14,2014 3,315.67 +29.28 (+0.89%) Current streak 2 days Week high 3,315.67 Week low 3,283.71 52-week high 3,350.17 (July 25, 2014) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist Index NOV 14, 2014 783.04 -12.48 (-1.57%) Current streak 1 day Week high 785.91
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    • 638 9  -  TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT IT’S difficult to be too positive about the local stock market’s prospects in the week ahead, at least going by its behaviour and performance over the past six months or so. The absence of retail participation
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    • 76 9 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 633.7 2.5 *****/***** DBXT AUDCS SG$ ***** 339.0 1.4 *****/***** DBXT AUDCS US$ ***** 298.1 1.2 *****/***** DBXT iBoxxSvEu US$ ***** 296.8 0.9 *****/***** Lyxor Indonesia US$ 8925 213.8 1.9 9636/6957 BY PERCENTAGE CLOSE UP 52w high/low CN7600MBeCW*****7 5.5
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    • 79 9 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxKR US$ ***** -281.2 -1.4 *****/***** DBS Bk 4.7% NCPS ***** -155.0 -1.4 *****/***** Hyflux 6% CPS ***** -90.0 -0.8 *****/***** DBXT Vietam US$ 2897 -72.6 -1.9 3100/2384 DBXT MSKorea US$ 5616 -54.4 -0.7 6735/5616 BY PERCENTAGE CLOSE DOWN 52w high/low Asiatravel
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    • 79 9 VOL CLOSE($) CHANGE Memstar Tech 189,334.0 0.016 +0.004 +33.33 Koda 840.0 0.099 +0.017 +20.73 Eastern 1,382.0 0.360 +0.055 +18.03 Equation 71,831.0 0.006 +0.001 +20.00 Plato Capital 103.0 0.185 +0.014 +8.19 EuNetworks 643.0 0.875 +0.120 +15.89 China Gaoxian 10,273.0 0.029 -0.006 -17.14 China Essence^ 320.0 0.006 -0.008 -57.14 CCFH
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    • 37 9 VOLUME IHC 314,037,000 Golden Agri-Res 307,064,000 SIIC Environment 292,923,000 OLS Enterprise 268,414,000 Compact Metal 210,054,000 Market volume 7,859,468,000 VALUE DBS Grp 445,807,067 SingTel 387,026,070 UOB 236,981,859 Keppel Corp 226,605,838 Global Logistic 208,439,883 Market value 5,389,073,000
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    • 109 9 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US767 -1 1121 777/755 779/541 767/770 95.9 UETF SSE50China 171 +8 997 171/161 171/140 170/171 53.4 STI ETF 335 +2 597 335/332 343/298 334/335 Nikko AM STI ETF 339 +2 478 341/336
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    • 97 9 COMPANY MEETING PLACE DATE TIME Datapulse Tech A Furama Riverfront Venus 1 18-Nov 2,00pm E (Level 3) 405 Havelock Rd 18-Nov 2.30pm Liongold Corp A (Level 3) Meeting Room 308 Suntec Singapore Convention Exh Ctr 1 Raffles Boulevard 19-Nov 11.00am Sunright Ltd A Lounge 1883 (Level 1) S'pore
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    • 309 9 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 229 +4 231/225 250 206 6.2 5786.2 CapitaLand 325 +10 327/314 348 268 16.3 2.5 *****.9 CapitaMall Trust 197 +3 199/195 209 180 5.2 6832.5 CityDev 951 +12 958/931 1118 860 12.9
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    • 77 9 Nov 14 VALUE CLOSE BT OB/OS -270.00 -259.00 BT CADI -*****.00 -34.00 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 748.69 -0.32 FTSE ST Small Cap 517.93 -1.29 FTSE ST All Share 798.50 +1.82 FTSE ST China Top 192.17 +0.43 FTSE ST China 225.53 +0.69 FTSE
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    • 36 9 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index NOV 14,2014 798.50 +5.56 (+0.70%) Current streak 2 days Week high 798.50 Week low 792.36 52-week high 816.11 (July 25, 2014) 52-week low 733.83 (Feb 7, 2014)
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    • 34 9 STI MSCI EAFE WEEKLY MSCI EAFE index NOV 14,2014 1,813.19 +14.54 (+0.81%) Current streak 2 days Week high 1,814.16 Week low 1,808.76 52-week high 1,993.20 (July 4, 2014) 52-week low 1,737.51 (Oct 17, 2014)
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    • 186 9 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 3 0 0 0 8 6 3 Manufacturing 61 78 27 11 20 10 72 98 37 Commerce 24 38 11 6 10 4 30 48 15 Tpt/Stor/Comms 17 18 7
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    • 123 9 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 111,913 111,913 497,899 497,899 Manufacturing 1,189,739 360,367 1,550,106 487,945 18,264 506,209 Commerce 397,723 261,031 658,754 405,139 14,280 419,419 Tpt/Stor/Comms 396,229 53,944 450,173 750,272 12,096 762,368 Finance 97,944 1,175 99,119 974,936 267 975,203 Construction 158,266 148,794
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    • 797 9 TT COMMODITIES AFP London OIL prices tumbled last week to four-year lows on expectations that Opec will likely maintain its production ceiling at the cartel’s upcoming meeting, despite ample global supplies of crude. Crude futures will keep sliding well into 2015, held down by weak
      AFP  -  797 words
    • 374 10 TT CURRENCIES BLOOMBERG New York THE yen last week tumbled for a fourth week on speculation that Prime Minister Shinzo Abe may call an early election, consolidating his mandate for unprecedented stimulus to boost the economy. The currency reached a seven-year low versus
      BLOOMBERG  -  374 words
    • FOREX RATES
      • 471 10 NOV 14 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 5.330 0.698 6.742 53.584 106.195 1.011 9.563 2.909 1.106 88.445 39.073 1.127 9.746 0.839 26.668 28.574 0.555 0.869 Canada 1.011 5.389
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      • 155 10 NOV 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1266 1.1278 0.8693 0.8696 Canadian dollar 1.1391 1.1403 0.8793 0.8790 Euro 1.6136 1.6152 1.2451 1.2454 NZ dollar 1.0181 1.0195 0.7856 0.7861 Sterling pound 2.0315 2.0337 1.5675 1.5681
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      • 22 10 NOV 14 S$ Bid Offer 1-month 1.2961 1.2971 2-months 1.2960 1.2971 3-months 1.2961 1.2972 6-months 1.2961 1.2971 Source: OCBC
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      • Article, Illustration
        3 10 WEEKLY
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      • Article, Illustration
        2 10 WEEKLY
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      • 3 10 COMPOSITEWEEKLY
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      • Article, Illustration
        3 10 WEEKLY
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    • EQUITY BONDS WARRANTS FUTURES
      • 362 10 Nov 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.54 *****.54 *****.19 Dec14 *****.00 *****.00 *****.00 *****.00 *****7 *****0 Mar15 *****.00 *****.00 *****.00 *****.00 814 3357 MSCI TAIWAN INDEX FUTURES SPOT 334.69 334.69 332.72 Nov14 333.60 334.40 332.10 333.80 ***** *****4 Dec14 334.10
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      • 211 10 Most active Nov 14 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Compact Metal Indus W*****0 2.9 0.*****96 1 2 24 Rowsley Ltd W*****3 4 -0.1 ***** 1 18 23 Jubilee Industries w*****9 0.6 ***** 1 6 27
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      • 373 10 In local curr In S$ In US$ dy yr dy yr dy yr Nov 14 Index Change Change Change Change Change Change World Preliminary 1266.4 0.1 6.9 0.6 6.3 0.0 3.3 EAFE Preliminary 981.1 0.3 2.6 0.7 -2.6 0.0 -5.3 Europe Preliminary 1364.8 0.1 0.7
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    • BANK RATES
      • 154 10 Nov 14 $S Offer Bid 0vernight 0.05 0.02 1-month 0.3750 0.2500 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.09 US$ 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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      • 36 10 NOV 14 (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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      • 61 10 Nov 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.78 5-Year N*****0H 1.625 01-Oct-19 100.56 100.66 100.63 10-Year NY*****H 3.000 01-Sep-24 105.91 15-Year NY*****E 2.875 01-Jul-29 102.31 102.30 102.29 20-Year NZ*****V 3.375 01-Sep-33 107.81 30-Year NA*****N 2.750 01-Apr-42
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    • AGRI METALS ENERGY
      • 212 10 NOV-14 Price Net change change Last Trade Agricultural Nov-14 CBOT Soybeans (US cents/bu) 1021.00 -29.50 -2.81% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.20 0.13 0.41% 12/12/2014 CBOT Wheat (US cents/bu) 560.50 6.75 1.22% 12/12/2014 Nov-14 LIFFE Cocoa (£/tonne) 1881.00 -8.00 -0.42% 12/12/2014 LIFFE Coffee (US$/tonne) 2074.00 -1.00 -0.05%
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      • 53 10 NOV 14 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2191.0 346 Dec 14 2216.0 2188.0 2220.0 2187.0 1222 ***** Jan 15 2228.0 2204.0 2233.0 2199.0 ***** ***** Feb 15 2236.0 2215.0 2243.0 2208.0 7764 *****
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    • 1196 11 In 2013, Pimco had a bonus pool for its 60 managing directors of almost US$1.5b BLOOMBERG New York HOW much compensation the folks at Pacific Investment Management Co, better known as Pimco, haul in each year has always been a topic
      BLOOMBERG  -  1,196 words
    • 1493 11 Payment Ex Rec Pay Ann (cts) date date date date Ace Achieve Info bn 0.200 12-Nov 14-Nov 28-Nov 05-Sep AIMS Property ^ag 0.109 26-Sep 30-Sep 19-Dec 23-Sep AIMSAMP Cap Reit (1 Jul-30 Sep 2014) ct 2.770 05-Nov 07-Nov 23-Dec 30-Oct Amtek Engg ak 1.000 03-Nov 05-Nov 20-Nov 29-Aug
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    • 256 11 Nov 14 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Tokyo-Mitsubishi 5.50 Banque Internationale a 5.75 Barclays Bank PLC 5.50 Bank
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    • 1550 11 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.00 2.00 3 10.30 13.93 1.56 1.44 ARA Asset Management Ltd 2.00 2.00 4 10.28 16.64 1.96 1.71 Ascendas Hospitality Trust Mgt
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  • Page 7 Advertisements
    • 115 7 Confidence to build That’s what developers and their investors and lenders can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Businesses and financial institutions around the world partner with us to help them manage every kind of risk. Interest
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  • REAL ESTATE
    • 529 12  -  Units at the Geylang East condo fetch an average S$1,416 psf, including a 5% early bird discount By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore TRE RESIDENCES in Geylang East sold a fifth of its 250 units at its launch over the weekend.
      PHOTO: TRC Residences  -  529 words
    • 426 12 BLOOMBERG Delaware THE outlook for Trump International Resorts Inc’s Taj Mahal is bleak, and the odds of the Atlantic City, New Jersey, casino remaining open are dwindling by the day. In a case in which the company and its union agree on very
      BLOOMBERG  -  426 words
    • 432 12 AFP New York THE jewel of the New York skyline, the pride of a whole nation, is back. The opening of One World Trade Center on the site of the Twin Towers that were destroyed on Sept 11,2001, signals a long-awaited
      AFP  -  432 words
    • 734 12 BLOOMBERG washington MEL Watt, director of the Federal Housing Finance Agency, has set off a political tempest. The cause: 3 per cent down mortgages. Mr Watt, who oversees Fannie Mae and Freddie Mac, unveiled his plan in late
      BLOOMBERG  -  734 words
    • 1630 13 At New York City’s swankiest new apartments, private spaces have become quite public NYT New York AMONG the many vertiginous renderings for the penthouse apartments at 432 Park Avenue, the nearly 1,400-foot-high Cuisenaire rod that topped off last month, is one
      NYT; PHOTO: BLOOMBERG  -  1,630 words
  • Page 12 Advertisements
    • 642 12 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF TRACKNEXUS PTE. LTD. (PROVISIONAL LIQUIDATOR APPOINTED) Company Registration No. *****3249K NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR PURSUANT TO SECTION 291(4) OF THE COMPANIES ACT, CAP. 50 Notice is hereby given that pursuant to a Statutory Declaration
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    • 1053 12 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ISABELA (SINGAPORE) PTE. LTD. (Company No. *****4084C) (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of ISABELA (SINGAPORE) PTE. LTD. held on 11 November 2014,
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    • 36 12 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices
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  • Page 13 Advertisements
    • 371 13 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
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  • VIEWS FROM THE TOP
    • 6279 14 THIS WEEK’S TOPIC How green are your organisation’s business practices? What can be done to make Singapore a ‘car-lite’ and zero-waste nation? Mike Muller President, Asia Pacific Avaya AS citizens, we all applaud the government’s initiatives to create a healthier, greener and more engaging environment for
      PHOTO: AFP  -  6,279 words

  • Page 15 Advertisements
    • 187 15 ESSEC EXECUTIVE MBA ASIA-PACIFIC SHAPE YOUR CAREER, EMPOWER YOUR FUTURE w. Y* ii n= -ft* T i X Founded in 1907 in Paris, ESSEC Business School has been developing a unique learning model based on its core values of innovation, openness, responsibility, and excellence. Leveraging on over 20 years of
      187 words

  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • 1851 16  -  Even non-investors can glean insights from the financial statements of the A-Share “small-caps”. Time to brush up on your Chinese and separate the wheat from the chaff TT MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT EXACTLY a year and a fortnight ago, this column noted the
      PHOTO: BLOOMBERG  -  1,851 words
    • 448 16  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT THE Business Times used the Bloomberg machine to dig up companies trading at extreme financial ratios on the Shanghai Stock Exchange that investors could buy on Monday. Here is what we found. Warning: This exercise is just meant to give
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  • Page 16 Advertisements
    • 113 16 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • BANKING & FINANCE
    • 705 17 Questions have been asked about how the Financial Conduct Authority ran the inquiry into forex market misconduct REUTERS London BRITISH bank executives and regulators could be in line for public grillings following last week’s landmark international settlement over allegations of
      REUTERS; PHOTO: BLOOMBERG  -  705 words
    • 782 17 BLOOMBERG New York WALL Street has hit an unexpected stumbling block in its efforts to move beyond government enforcement actions. Even after admitting to fraud or pleading guilty to a crime, banks have routinely been granted special exemptions by
      BLOOMBERG  -  782 words
  • Page 17 Advertisements
    • 1530 17 Commonwealth Bank of Australia A.C.N. 123 123 124 COMMONWEALTH BANK OF AUSTRALIA FINANCIAL YEAR ENDED 30 JUNE 2014 All amounts are expressed in Australian dollars Income Statements For the year ended 30 June 2014 Group Bank 2014 2013 2012 2014 2013 $M $M $M $M $M Interest income 33,645 34,739
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  • ENERGY & COMMODITIES
    • 729 18 Oil crisis releases economy from high cost stranglehold, and helping exporters without hurting consumption REUTERS Oslo NORWAY, Western Europe’s top crude producer, looks set actually to benefit from the oil price crash as its energy sector is forced
      REUTERS  -  729 words
    • 1095 18 Struggle for oil exploration pits economic development against environmental preservation NYT virunga National Park, Democratic Republic of Congo THE trouble started when a British company suddenly appeared in this iconic and spectacularly beautiful national park, prospecting for oil. Villagers who opposed
      NYT; PHOTO: NYT  -  1,095 words
    • 559 18 BLOOMBERG Houston THE standoff between Halliburton Co and Baker Hughes Inc extended over the weekend as talks remained stalled on a potential merger of the world’s second and third-largest oil-field service companies. Negotiations fell through late last week over price and potential
      BLOOMBERG  -  559 words
    • 514 18 BLOOMBERG Rio de Janeiro ARRESTS tied to a bribery scandal involving contracts with state-run oil producer Petroleo Brasileiro SA can’t halt the company’s work, Brazil Justice Minister Jose Eduardo Cardozo said. Mr Cardozo said that the government hasn’t created obstacles to
      BLOOMBERG  -  514 words

  • TECHNOLOGY
    • 545 19 Regulatory filings show Third Point, Soros Fund Management, Viking Global Investors owned big stakes NYT New York ALIBABA, the Chinese e-commerce website, was the hot initial public offering of the year. And not surprisingly, shares of Alibaba wound up in the portfolios
      NYT  -  545 words
    • 1565 19 NYT Los Angeles MATT Haag, a professional video game player, makes close to a million dollars a year sitting in a soft chair smashing buttons. It is a fantastically sweet gig, and he will do just about anything to keep
      NYT; PHOTO: ACTIVISION  -  1,565 words
    • 251 19 BLOOMBERG New York TWITTER Inc, which has been under pressure because of slowing user growth and management turnover, has been given a specula-tive-grade credit by Standard Poor’s (S&P). The company and its US$ 1.8 billion of convertible notes were given a rating of
      BLOOMBERG  -  251 words
    • 9 19 Croci Branchen Stars R1C-A 10/11/2014 226,99 EUR
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    • 571 19 It’s talking to bankers to identify and acquire promising mobile game studios early next year REUTERS New York INDIA’S Reliance Entertainment plans to begin acquiring North American and European mobile game studios starting in early 2015, in hopes of becoming a significant global player
      REUTERS  -  571 words
    • 1196 20  -  APJ head Amit Midha says Dell has a compelling value proposition for customers in the region By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore WITH market demand shrinking every quarter at an unprecedented rate, most of the world’s top personal computer makers are scrambling to
      PHOTO: DELL  -  1,196 words
    • 670 20 NYT New York AN electrical device glued to the scalp can slow cancer growth and prolong survival in people with the deadliest type of brain tumour, researchers reported. The device is not a cure and, on average, adds only a few months
      NYT  -  670 words
  • Page 19 Advertisements
    • 203 19 THE HEAD FOUNDATION PUBLIC LECTURE SERIES Panel Discussion: Asian Leadership in aTGIobalising World WITH DISTINGUISHED PANELISTS PROFESSOR HENRIK BRESMAN Academic Director; HEAD Foundation; Faculty Director INSEAD Global Feadership Center MR. KWAN CHEE WEI CEO, Human Capital Feadership Institute (HCLI) DR. ZSUZSANNA TUNGLI Founder,Tungli Consulting; Adjunct Assistant Professor Cross-Cultural Management and
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    • 498 20 I 1 I -z 0.01 "/.I n-KH THE BUSINESS TIMES i" ■I i 1 I’M mini MAYBANK KIM ENG Invest Asia 2015 > REGISTER for the seminar now at www.maybank-ke.com.sg What lies ahead for you, the investor, in 2015? Hear from our distinguished panel of speakers at this seminar as
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  • CONSUMER
    • 285 21 BLOOMBERG New York ESTEE Lauder, seeking to ride on Kendall Jenner’s ever-growing coattails and 30 million social-media followers, hired the model to represent its flagship cosmetics brand worldwide. Jenner, the half-sister of reality-tel-evision star Kim Kardashian, will appear
      BLOOMBERG; PHOTO: AFP  -  285 words
    • 703 21 Modi wants to promote Ayurveda; global market for traditional medicines is estimated at US$100 billion AFP New Delhi INDIA’S new government has launched a drive to promote the country’s ancient therapies as it seeks to cash in on the
      AFP; PHOTO: AFP  -  703 words
    • 533 21 BLOOMBERG Los Angeles HASBRO Inc’s talks to acquire DreamWorks Animation SKG, the studio that produced the Shrek films, have ended without agreement, according to a person with knowledge of the situation. The discussions never advanced beyond a preliminary stage and
      BLOOMBERG  -  533 words
    • 928 21 AFP Paris LONG considered “too fluffy” for serious lawyers, fashion law has emerged in recent years as one of the most lucrative and occasionally absurd new battlegrounds for the legal profession. T a k e blink-and-you-miss-it shot of a basketf
      AFP; SPH FILE PHOTO  -  928 words

  • TRANSPORT
    • 763 22 Delivery service projects e-commerce shipments will grow four times faster than the US economy WP Atlanta UNITED Parcel Service Inc (UPS) sees the boom in online retailing as an opportunity, not a threat, as the delivery company devises
      WP; PHOTO: BLOOMBERG  -  763 words
    • 1129 22 NYT Zhuhai IN a private room at Airshow China set aside for discreet deal making, the Commercial Aviation Corp of China has hung a picture of President Xi Jinping sitting in the cockpit of one of its new planes. The glossy photo is
      NYT  -  1,129 words
    • 712 22 BLOOMBERG London ADD oil shippers to the list of winners from this year’s collapse in crude. The price plunge has spurred China, the world’s second-biggest importer after the US, to accelerate bookings of oil cargoes. It will also shave almost
      BLOOMBERG; PHOTO: AFP  -  712 words
    • 289 22 REUTERS Berlin FUEL-CELL technology is becoming cheaper and will be commercially viable for mass use in cars by 2025, a senior executive at auto industry supplier Robert Bosch said. Non-polluting fuel-cell cars have failed to gain widespread acceptance because of prohibitive development
      REUTERS  -  289 words
    • 177 22 BLOOMBERG London CLARKSON plc, the world’s largest shipbroker, is in talks about purchasing Norway’s RS Platou ASA, a transaction that would create a business with double the sales of its closest publicly traded competitor. Clarkson, which is based in London, said in
      BLOOMBERG  -  177 words

  • 1727 23 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR KAISA 1 60 21/11 23/11 25/11 DREAM ANGEL 7 100 29/11 30/11 MALAYSIA STAR 40 50
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  • Page 23 Advertisements
    • 299 23 C a ila n E n n o r e J e d d a h B r is b a Shanghai Chittagong n e Ho Chi Minh H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE TO Persian Gulf,
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  • GOVERNMENT & ECONOMY
    • 212 24 Singapore THE president of the Philippines, Benigno Aquino III, will speak at The World in 2015 gala dinner on Tuesday organised by The Economist magazine. The Business Times is the media partner for the event. Mr Aquino, who succeeded Gloria Arroyo in June
      212 words
    • 707 24 Australia’s smaller economy expected to gain more; dollar seen getting knee-jerk lift on announcement BLOOMBERG Brisbane AUSTRALIA will reach a free trade deal with China on Monday, cementing ties with its biggest economic partner and reducing its reliance on resource exports. “The free trade agreement
      BLOOMBERG  -  707 words
    • 614 24 BLOOMBERG Sydney AUSTRALIAN importers are in line for a windfall as speculation grows that Chinese President Xi Jinping will use his visit to the country this week to anoint Sydney as a yuan trading centre. The ability to exchange Australian dollars
      BLOOMBERG  -  614 words
    • 317 24 REUTERS Beijing CHINA will cut roughly US$6.5 billion a year in taxes and fees as part of an effort to stimulate the slowing economy, the State Council said. Starting January 2015, the government will scrap 42 administrative fees
      REUTERS  -  317 words
    • 509 24 BLOOMBERG Brisbane RUSSIAN PRESIDENT Vladimir Putin left the Group of 20 summit in Australia early on Sunday so that he could sleep on the long flight home, as fellow leaders berated Russia over the conflict in Ukraine and warned of possible
      BLOOMBERG; PHOTO: REUTERS  -  509 words
    • 916 25 Canada extends underwater borders using UN laws to capture resource-rich seabeds REUTERS Oslo NORWAY’S Statoil risks millions of dollars in extra costs in Canada a test case that could spell problems for other oil firms too as coastal states extend their seabed
      REUTERS; PHOTO: REUTERS  -  916 words
    • 622 25 NYT Washington JEAN Andre travelled from New York to the stately Federal Reserve Board’s headquarters on Friday to tell the people who make monetary policy that he needs their help. He cannot find regular work on film and photo shoots. The jobs he
      NYT  -  622 words
    • 489 25 BLOOMBERG Brisbane PRESIDENT Barack Obama said he doesn’t expect Republicans to attempt to use a year-end spending bill to counter his executive actions on immigration, a move that would threaten to shut the government. “There’s no reason for it to shut
      BLOOMBERG  -  489 words
    • 475 25 BLOOMBERG Karachi PAKISTAN’S central bank cut its key interest rate for the first time since June 2013 as inflation eased and the government prepares its global Islamic bond sale. The State Bank of Pakistan lowered the discount rate to 9.5 per cent
      BLOOMBERG  -  475 words
    • 818 26 Currency did not come close to regaining the ground it lost at beginning of month AFP MOSCOW RUSSIANS sighed with relief when the rouble rebounded in recent days, but with painful memories of the financial crisis still fresh, many are rattled and fear
      AFP; PHOTO: REUTERS  -  818 words
    • 329 26 REUTERS Moscow RUSSIA has prepared legal changes that would enable the government to invest up to 20 per cent of its National Wealth Fund (NWF) in subordinated debts of banks, according to a document published on a government website. The draft governmental resolution would
      REUTERS  -  329 words
    • 381 26 REUTERS Bangkok THAILAND’S central bank said the country’s military government should use revenue and spending tools to stimulate the recovering economy before turning to monetary policy, dampening expectations for a cut in interest rates for now. “The impact of monetary policy will not
      REUTERS  -  381 words
    • 920 26 REUTERS New Delhi ANIL Swarup is just the kind of man Prime Minister Narendra Modi is relying on to fix India a high-flying civil servant with a taste for complex policy and swift decisions. Mr Modi has drawn trusted bureaucrats
      REUTERS  -  920 words
  • Page 24 Advertisements
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  • Page 25 Advertisements
    • 51 25 bird’s Eye view of tender jobs Check out the most comprehensive collection of tender notices in The Straits T imes Notices. 14/myj jun Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289
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  • Page 26 Advertisements
    • 254 26 Andy Yew Remisier Phillip Securities Pte Ltd Do you work for money or let your money work for you? Investing in dividend stocks is one of the best ways to achieve passive income. Many people buy stocks for dividend returns as it is higher than the bank interest rates. However,
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  • DINING OUT
    • 1062 27  -  Joie’s vegetarian menu could do with a little more heft. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Joie by Dozo #12-01 Orchard Central 181 Orchard Road Tel: 6838-6966 Open daily for lunch and dinner: 12pm to 3pm; 6pm to 10pm REVIEWS of vegetarian
      PHOTOS: JOIE BY DOZO  -  1,062 words
  • Page 27 Advertisements
    • 147 27 X S&50 ttQa&r JOHN KUVSS WEEKDAYS 4PM 8PM v.r.i D tacebook.com/kiss92tm www.kiss92.sg B •<- '-A k. Baby Chicken Cooked On the Rotisserie with Chanterelle Mushrooms CUT WHERE YOUR CULINARY ADVENTURE STARTS Redefine your dining experience at Marina Bay Sands where award-winning chefs surprise and delight you with their mastery. From
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    • 72 27 ASIA’S LARGEST' Educational Kids’ Fair Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEED TARGETED CROWD! Join us at smartKiDs Asia 2015! Hf n Call us to enquire how we can help you
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  • LIFE & CULTURE
    • Article, Illustration
      475 28  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Care Corner Jubilee Fund PRESCHOOLERS from Preschool for Multiple Intelligence (PMI) in Newton and Kembangan have pitched their art, baking, and craft skills to raise money for the Jubilee fund initiative by voluntary welfare organisation Care Corner. In addition to a carnival, fund-raising
      475 words
    • 513 28 NYT New York CRITICISM of one of television’s most beloved stars, Bill Cosby, is escalating with renewed attention to allegations that he sexually assaulted women in several incidents decades ago. The latest indication is the cancellation of a
      NYT; PHOTO: REUTERS  -  513 words
    • 606 28 Stanford University is promoting the arts in a very big way NYT Palo Alto THE birthplace of Yahoo and Google, Stanford University is now ramping up and showing off its cultural resources. Construction of a US$235 million arts district near Palm Drive, the grand
      NYT; PHOTO: NYT  -  606 words
  • Page 28 Miscellaneous
    • 355 28 CRYPTIC CROSSWORD Across 1 Making a comeback just the same (11) 9 when to make me smile at cook? (9) 10 Servants will give help in writing (5) 11 Relaxation, for example, about a moral slip (6) 12 I’d backed secret reforms, being detached (8) 13 Car presently has a
      355 words