The Business Times, 29 November 2014
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2014-11-29
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The Business Times
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Title Section15 2014-11-29 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g NOVEMBER 29-30, 2014 S$1.00| S$1.00| MCI (P) 052/08/201415 words
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Article, Illustration821 2014-11-29 1 Neil Behrmann - Price fall benefits energy importers, but hurts producing countries with inadequate finances By Neil Behrmann btworld@sph.com.sg London OPEC’s failure to counter the oil price slump is expected to be followed by production cuts in the highly leveraged US fracking energy sector. ButPHOTO: REUTERS - 821 words
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Article, Illustration877 2014-11-29 1 Andrea Soh - By Andrea Soh @AndreaSohBT sandrea@sph.com.sg Singapore EVEN as five million Swiss nationals head to the polls on Nov 30 to vote on a proposal that would force the central bank to increase its gold reserves, an economist has likened gold toSource: Bloomberg; Source: Swiss National Bank and Citi Research - 877 words
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Advertisement44 2014-11-29 1 the business times www. usinesstimes.com. g NOVEMBER 29-30, 2014 S$1.00| MCI (P) 052/08/2014 WEALTH Most stock funds lag their benchmark index 28-29 MOTORING Sweet little Polo L14 the raffles conversation LLOYD’S OF LONDON CHAIRMAN JOHN NELSON 8-9 LIVING ’Tis the season for market-hopping L2-444 words
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Advertisement21 2014-11-29 1 45Oil rout: Losers and winners on SGX, Page 5 45Is oil price plunge good or bad for global economy? Page 521 words
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TOP STORIES
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Article, Illustration693 2014-11-29 2 Chuang Peck Ming - Resident workers’ real income up just 0.4 per cent in 2014, a pale shadow of the 4% jump in 2013 By Chuang Peck Ming peckming@sph.com.sg Singapore HIGHER inflation took a bite out of resident workers’ income growth, reducing it to under one per centSource: Singapore Workforce, 2014 - 693 words
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MARKETS
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Article58 2014-11-29 2 GSTI 3,350.50 (+9.54) GSTI FUTURES 3,343.00 (+2.00) GSIMSCI 377.78 (+0.54) HSIMSCI FUTURES 377.10 (-0.20) Friday Change KL COMP 1,820.89 -9.02 NIKKEI 225 17,459.85 +211.35 HANG SENG 23,987.45 -16.83 SET 1,593.91 -5.91 JAKARTA 5,149.89 +4.57 MANILA 7,294.38 +29.04 KOSPI 1,980.78 -1.31 SHENZHEN B 989.36 +2.76 MUMBAI IND 28,693.99 +255.08 11am58 words
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Article29 2014-11-29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.535 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg29 words
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Article49 2014-11-29 2 US$ S$ US$ (S$ per US$) 1.304 (US$/S$ per 1.568 2.045 EURO (US$/S$/€ 1.244 1.622 Foreign currency per US$ S$ YEN 118.20 90.70 RM 3.376 2.590 HK$ 7.753 5.948 BAHT 32.82 25.18 RUPIAH 12,199 9,358 RENMINBI 6.145 4.714 INDIAN RUPEE 61.99 47.56 A$ 1.177 0.903 NZ$ 1.276 0.97949 words
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127 2014-11-29 2 KEPPEL Corporation chairman Lee Boon Yang was bestowed the Belgian national award of Commander of the Order of the Crown on Thursday in recognition of his contributions to economic cooperation and trade between Singapore and Belgium. The Order was bestowed by Belgium’s Princess Astrid during127 words
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510 2014-11-29 4 Jamie Lee - Growth reflects how foreign banks are using Singapore as a funding hub through intragroup deposits from their head office: MAS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE banks are still fattening up their foreign-currency loan books, in line with the country’s clear position510 words
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Article, Illustration313 2014-11-29 4 Angela Tan - By Angela Tan angelat@sph.com.sg Singapore THE Singapore branch of the Hongkong and Shanghai Banking Corporation (HSBC) has been reprimanded by the Monetary Authority of Singapore (MAS) for breaching Section 23B(3) of the Financial Advisers Act (FAA). Under the section, a principal cannotFILE PHOTO - 313 words
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Article, Illustration561 2014-11-29 4 Anita Gabriel - By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SWISS firm Nestle, one of the world’s largest food companies, was dealt a major blow in its bid to protect the two and four-fin-ger Kit Kat bar shapes here by the Singapore High Court following a ruling made onFILE PHOTO - 561 words
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Article, Illustration495 2014-11-29 5 Malminderjit Singh - Offshore and marine stocks fall while transport shares gain OIL ROUT By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore OFFSHORE and marine (O&M) companies listed in Singapore were dragged down by plummeting oil prices on Friday, as Opec’s decision not to cut production sent Brent crude crashingSource: SGX - 495 words
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Article, Illustration613 2014-11-29 5 Malminderjit Singh - COMMENTARY Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Correspondent THE crude oil price has fallen to a four-year low. That should be a good thing, apparently, for the world as it is supposed to help catalyse economic growth. There are, however, strong arguments613 words
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544 2014-11-29 6 Anthony Rowley - Some figures point to gradual rebound but slower core consumer inflation suggests otherwise By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE economic data released on Friday offered a mixed picture of how the world’s third-largest economy is faring in the wake of544 words
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Article806 2014-11-29 6 Edward Hadas - By Edward Hadas REUTERS BREAKINGVIEWS THE experts got 2014 wrong. As Barclays points out in its latest Global Outlook for investors, the consensus at the beginning of the year was that GDP growth would pick up fairly strongly in developed economies, government bond yields wouldREUTERS BREAKINGVIEWS - 806 words
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357 2014-11-29 6 Reuters Singapore THE downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the postOW Bunker jostle for market share towards cash-rich trading companies and barge operators, traders said. Marine fuel premiums overReuters - 357 words
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Article, Illustration535 2014-11-29 7 Pauline Ng - Passenger load down to 73% due to stiffer competition and the 2 aircraft disasters By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA Airlines’ passenger load factor has fallen to 73 per cent. The airline said this on Friday as it posted wider losses of RM576PHOTO: BLOOMBERG - 535 words
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Advertisement55 2014-11-29 2 CONTENTS LIVING Cover Story L2-4 Dining L5-7 Home Garden L8-9 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Design L10-11 Travel L12 Health55 words
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Advertisement28 2014-11-29 3 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 998828 words
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Advertisement271 2014-11-29 3 WAREHOUSE A I F 29-30th I H 7H Nov 2014 10AM8PM ALSO AVAILABLE ONLINE www.oaks.COim.sg 2 DAYS ONLY FREE WINE SAMPLING Over 300 items available! Usual Now Rating Penfolds Grange 2009 988.00 Opus One 2007 590.00 Almaviva 2008 225.00 Ch. Cheval Blanc 2004 690.00 Ch. Clos L'Eglise 2002 162.00 Ch.271 words
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Advertisement67 2014-11-29 5 SINGAPORE —SWEEP— 1 ST PRIZE $2,300,000 2 nd p R ZE 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) SlNGATOffi —swEEPira m S3 ra Date 20M^, 2 *****68 2014 3ecemt>er Draw Date: 2014****** DRAW ON WEDNESDAY, 3 DEC 2014 p A Always play67 words
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Advertisement52 2014-11-29 7 STPR#PERTY SEMINAR EXPO 2014 Suntec Singapore Convention Exhibition Centre Level 3 Summit 1 and 2, Rooms 321 and 322 Saturday Sunday, 29-30 November 2014 10.30am to 7.00pm Enjoy the STProperty Invest Rebate! RM8,888 for first 5 property purchases. Terms and Conditions apply. L' K b. a I I SEE YOU52 words
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THE RAFFLES CONVERSATION
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Article, Illustration2767 2014-11-29 8 / 9 Genevieve Cua - Chairman of Lloyd’s of London, John Nelson, says the 326-year-old insurance institution still attracts huge amounts of capital because of the confidence it inspires. By Genevieve Cua gen@sph.com.sg @GenCuaBT THINK of an item of value or any risk and chances are, you will find a Lloyd’sPHOTO: ARTHUR LEE - 2,767 words
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COMPANIES & MARKETS
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853 2014-11-29 10 Such providers are seen as most vulnerable to lower commodity prices Bloomberg Singapore BONDS from oilfield-services providers are the worst performers among all local notes this year, with the price of the fuel having slumped more than 30 per cent sinceBloomberg - 853 words
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Article, Illustration378 2014-11-29 10 R Sivanithy - HOT STOCK| By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore IT DOESN’T pay to short-sell Olam International’s shares in a quiet session for the local stock market on Friday, the main talking point came from an unexpected source the buying-in segment, where a whopping 13.2 million shares of OlamSource: Bloomberg - 378 words
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291 2014-11-29 10 Kelly Tay - By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore STRACO Leisure, a subsidiary of tourism operator Straco Corporation, has completed its acquisition of the Singapore Flyer ferris wheel for S$140 million. Mainboard-listed Straco Corporation announced on Friday morning that the deal involving the acquisition of business291 words
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Article, Illustration568 2014-11-29 11 Kenneth Lim - Nov market cap up 1.2% from Oct, first rise since July By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore STOUT banks and defensive blue chips lifted the value of the Singapore stock market out of a three-month slump in November, but analysts areCompiled by BT - 568 words
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257 2014-11-29 11 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore SINGAPORE Airlines (SIA) has received the green light from the Competition Commission of Singapore for its proposed acquisition of Tiger Airways Holdings Limited (Tigerair). In a statement on Friday, the commission said that it has concluded257 words
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Article307 2014-11-29 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 +3 235/231 250 206 6.1 5912.5 CapitaLand 332 unch 332/328 348 268 16.6 2.4 *****.2 CapitaMall Trust 198 +0.5 199/197.5 209 180 5.2 6867.2 CityDev 1006 +11 1010/996 1118 860 13.6307 words
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Article108 2014-11-29 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 181 +6 583 182/176 182/140 181/182 56.6 STI ETF 339 325 339/338 343/298 338/339 IS MS India US$ US785 +3 315 789/780 790/541 785/786 98.1 DBXT CSI300 US$ US820 +18 89 820/802 820/613 816/819108 words
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Article31 2014-11-29 12 Nov 28 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters31 words
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Article798 2014-11-29 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 24 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Avi-Tech Electronics 26-Nov-14 Michael Grenville Gray Buy 400 0.07 460 0.13 860 0.25 Avi-Tech Electronics 26-Nov-14 Lim798 words
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Article186 2014-11-29 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 7 0 0 0 4 5 7 Manufacturing 26 54 38 5 9 14 31 63 52 Commerce 20 18 18 2 7 4 22 25 22 Tpt/Stor/Comms 14 11 16186 words
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Article122 2014-11-29 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,690 29,690 172,699 172,699 Manufacturing 242,498 30,024 272,522 133,682 4,250 137,932 Commerce 62,606 32,612 95,218 119,006 2,647 121,653 Tpt/Stor/Comms 89,324 1,705 91,029 151,709 643 152,352 Finance 22,313 38 22,351 198,423 8 198,430 Construction 15,183 30,048122 words
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Article77 2014-11-29 12 Nov 28 VALUE CLOSE BT OB/OS -173.00 +3.00 BT CADI -*****.00 -31.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 756.14 +1.08 FTSE ST Small Cap 512.97 -2.66 FTSE ST All Share 805.78 +1.70 FTSE ST China Top 191.33 -0.43 FTSE ST China 225.76 -0.12 FTSE77 words
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Article79 2014-11-29 12 VOL CLOSE($) CHANGE Travelite 4,210.0 0.180 +0.025 +16.13 Nordic 15,150.0 0.130 +0.017 +15.04 Captii 803.0 0.047 +0.004 +9.30 Yongmao 74.0 0.135 -0.020 -12.90 Debao Property 1,083.0 0.018 -0.002 -10.00 MegaChem 92.0 0.310 -0.050 -13.89 PNE Industries 737.0 0.143 -0.017 -10.63 CDW 3,128.0 0.170 +0.009 +5.59 Advanced Systems 752.079 words
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Article212 2014-11-29 13 Nov-27 Price Net change change Last Trade Agricultural Nov-26 CBOT Soybeans (US cents/bu) 1047.00 -4.00 -0.38% 14/01/2015 CBOT Soybean Oil (US cents/lb) 33.48 0.06 0.18% 12/12/2014 CBOT Wheat (US cents/bu) 562.00 10.50 1.90% 12/12/2014 Nov-27 LIFFE Cocoa (£/tonne) 1944.00 15.00 0.78% 12/12/2014 LIFFE Coffee (US$/tonne) 2096.00 1.00 0.05%212 words
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Article60 2014-11-29 13 Nov 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2125.0 2147.0 2148.0 2118.0 412 3489 Jan 15 2176.0 2174.0 2176.0 2149.0 4446 ***** Feb 15 2175.0 2172.0 2179.0 2150.0 ***** ***** Mar 15 2180.0 2176.060 words
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Article67 2014-11-29 13 Nov 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.61 105.71 105.64 5-Year N*****0H 1.625 01-Oct-19 100.85 100.85 100.85 10-Year NY*****H 3.000 01-Sep-24 107.07 107.25 107.10 15-Year NY*****E 2.875 01-Jul-29 103.87 20-Year NZ*****V 3.375 01-Sep-33 109.58 109.79 109.7567 words
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Article155 2014-11-29 13 Nov 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1068 1.1075 0.8491 0.8496 Canadian dollar 1.1461 1.1466 0.8796 0.8793 Euro 1.6214 1.6217 1.2439 1.2440 NZ dollar 1.0216 1.0223 0.7837 0.7842 Sterling pound 2.0441 2.0450 1.5682 1.5687155 words
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210 2014-11-29 13 Most active Nov 28 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Tritech Group Limited W*****9 3 unch 5000 1 20 52 DBS MB eCW*****2 12.7 0.3 4944 0.1 0 7 Rowsley Ltd W*****3 4.1 -0.1 4753 1 18210 words
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373 2014-11-29 13 In local curr In S$ In US$ dy yr dy yr dy yr Nov 27 Index Change Change Change Change Change Change World Preliminary 1289.1 0.0 8.8 -0.1 8.0 -0.2 5.0 EAFE Preliminary 1000.3 0.0 4.6 -0.3 -1.1 -0.3 -3.8 Europe Preliminary 1411.0 0.3 4.1373 words
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Article, Illustration621 2014-11-29 14 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent AGENERALLYunre-markable week has just passed, made all the more unremarkable by the fact that there was no impact on local sentiment and prices from successive all-time highs on Wall Street leading up to its621 words
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Article73 2014-11-29 14 BY CENTS CLOSE UP 52w high/low JSH USD 3659 105.6 2.3 3810/3006 Jardine C&C 4259 55.0 1.3 4901/3330 DBXT MSKorea US$ 5710 49.5 0.7 6735/5550 UOB.ES.1411 2403 38.0 1.6 2412/2279 JMH USD 6223 30.0 0.4 6460/4934 BY PERCENTAGE CLOSE UP 52w high/low Digiland Intl 0.2 100.0 0.1 0.2/0.1 Joyas73 words
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Article76 2014-11-29 14 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -104.3 -0.7 *****/***** DBXT ASX200 US$ 3800 -89.9 -1.8 4403/3647 DBXT Vietam US$ 2769 -52.1 -1.4 3100/2384 DBXT DBCBLEB US$ 1567 -41.7 -2.0 2110/1567 DBXT MSEurope US$ 5870 -32.6 -0.4 6492/5366 BY PERCENTAGE CLOSE DOWN 52w high/low SembMar MBeCW*****2 1.176 words
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Article36 2014-11-29 14 VOLUME APAC Strategic 90,531,000 IHC 63,043,000 Memstar Tech 53,676,000 Golden Agri-Res 45,264,000 Ezion 36,585,000 Market volume 1,394,114,000 VALUE Keppel Corp 115,915,310 DBS Grp 74,861,270 OCBC Bank 55,378,677 UOB 52,486,410 SingTel 52,150,630 Market value 1,207,375,00036 words
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620 2014-11-29 14 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SPH Reit will have the “first right of refusal” on The Seletar Mall when its sponsor decides to divest it. The real estate investment trust management said this on Friday in response to a620 words
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Advertisement171 2014-11-29 11 Enjoy 15% off Christmas goodies and 10% off festive hampers at Café Mocha! Venue: Santa Shop, Café Mocha, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Singapore *****4 Tel: (65) 6845 1066 Promotion details and booking: http://goo.gl/T52L04 Enquiries: promotions.marina@meritushotels.com Website: www.marinamandarin.com.sg About Café Mocha at Marina Mandarin Singapore This season171 words
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REAL ESTATE
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Article, Illustration528 2014-11-29 15 Claire Huang - HSR sees resale HDB flat affordability falling to 2008 level by then By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IF the prices of Housing Development Board (HDB) resale flats continue to drop at their current rate, they could hit the affordability levels ofSource: Department of Statistics, HDB, HSR Research - 528 words
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736 2014-11-29 15 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore UNDER its drive to expand overseas, Chinese developer Country Garden is keeping its eye on development projects in Singapore’s city fringes and in Indonesia, where it is studying a few sites. But given the headwinds in Singapore’s residential market and736 words
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331 2014-11-29 15 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore OUE Hospitality Trust (OUE H-Trust) has agreed to acquire the hotel Crowne Plaza Changi Airport (CPCA) and its adjacent extension for a total of S$495 million from its sponsor OUE Ltd. The conditional agreement331 words
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Article1078 2014-11-29 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 15 AND OCT 21, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 9 NON-LANDED Emily Residence Apt 15/10/2014 FH 657 1050 1599 Helios Residences Apt 20/10/2014 FH 16681,078 words
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BANKING & FINANCE
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Article, Illustration516 2014-11-29 17 Its market cap climbs to US$4.48 trillion this week while Japan’s slips to US$4.46 trillion Bloomberg Shanghai CHINA surpassed Japan as the world’s second-largest stock market for the first time in three years amid growing investor confidence that policymakers in Beijing willBloomberg; PHOTO: REUTERS - 516 words
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367 2014-11-29 17 Bloomberg Shanghai CHINA’S plan to introduce a deposit insurance programme may exacerbate a liquidity shortage at smaller banks and increase their chance of failure as savings shift to the biggest state-controlled lenders. While the move could limit systemic risks, it mayBloomberg - 367 words
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366 2014-11-29 17 Reuters London EUROPEAN firms squeezed by low interest rates are having to consider new, riskier ways to manage trillions in corporate cash as they are snubbed by banks awash in new regulation that may also spell the demise of their go-to investmentReuters - 366 words
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ENERGY & COMMODITIES
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618 2014-11-29 18 Anti-graft watchdog KPK will work with tax officials and police to weed out ‘oil-and-gas mafia’, says Jokowi Reuters Jakarta INDONESIA’S anti-graft watchdog will launch an unprecedented investigation next year into the energy industry as part of a stepped-up campaign to rid the sectorReuters - 618 words
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Article, Illustration476 2014-11-29 18 S Jayasankaran - By S Jayasankaran btworld@sph.com.sg Kuala Lumpur DESPITE a nearly 9 per cent fall in the price of crude palm oil between July and September, Malaysian multinational Sime Darby has reported a 2.4 per cent rise in earnings for the period, boosted byFILE PHOTO - 476 words
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421 2014-11-29 18 Reuters Melbourne PRIVATE funds are trawling for bargains in Australia in the aftermath of a global mining boom, looking to strip the fat at companies and projects they believe hold promise, but which are struggling under the weight of sagging commodityReuters - 421 words
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TECHNOLOGY
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Article, Illustration537 2014-11-29 19 Firm’s worst earnings in three years expected to cost many jobs Reuters Seoul INSIDERS say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years areReuters; PHOTO: AFP - 537 words
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378 2014-11-29 19 Reuters London THE websites of British and North American media organisations and retailer Wal-Mart’s Canadian unit were hacked in a suspected attack by the Syrian Electronic Army (SEA), an amorphous hacker collective that supports Syrian President Bashar al-Assad. Among media sites hitReuters - 378 words
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273 2014-11-29 19 Bloomberg San Francisco TWITTER Inc said it will start collecting lists of applications installed on users’ mobile devices to help tailor the content it displays for members, including marketing messages. The feature, called “app graph”, will help provide moreBloomberg - 273 words
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CONSUMER
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Article, Illustration594 2014-11-29 20 Shoppers spoilt for choice as big retailers offer discounts on holiday gifts earlier than ever Bloomberg New York TERRANCE Martin, a 42-year-old truck driver, lined up at a Best Buy Co store in Paramus, New Jersey, at 7am on ThursdayBloomberg; PHOTO: BLOOMBERG - 594 words
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Article, Illustration455 2014-11-29 20 AFP Koh Panyee, Thailand WITH its stunning limestone cliffs towering over stilt houses surrounded by azure waters, the island of Panyee is a typical Thai paradise. But it’s not mother nature drawing tourists here it’s a floating football pitch. Thailand’s tourismAFP; PHOTO: AFP - 455 words
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351 2014-11-29 20 AFP Jakarta INDONESIA has ordered officials to eat local street food at meetings instead of fancy foreign fare and stop holding lavish parties, the latest moves by the new government to crack down on bureaucratic excess. Snacks such as cassava,AFP - 351 words
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TRANSPORT
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Article, Illustration710 2014-11-29 21 It will tell carmakers to recall all vehicles with potentially dangerous driver’s-side air bags NYT Tokyo JAPAN will follow the United States in forcing carmakers to recall all vehicles containing potentially dangerous driver’s-side air bags made by Takata Corp, Transportation Minister AkihiroNYT; PHOTO: REUTERS - 710 words
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434 2014-11-29 21 Reuters Singapore RATES for very large crude carriers (VLCCs) on key Asian routes could nudge higher amid a flurry of new cargoes and tighter tonnage supply that have propelled rates to their highest in nine months, brokers said on Friday. FreightReuters - 434 words
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255 2014-11-29 21 Bloomberg Shanghai CHINA now has about the same number of licensed drivers as there are people in the US, even though two out of three adult Chinese still aren’t qualified to operate a motor vehicle. There are now more than 300Bloomberg - 255 words
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GOVERNMENT & ECONOMY
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445 2014-11-29 22 Economist sees high chance of further monetary easing sometime around July Bloomberg Tokyo WHEN a country imports almost all its energy, a slide in oil prices to a four-year low should be helpful cutting costs for companies and households. For Japan, itBloomberg - 445 words
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Article, Illustration441 2014-11-29 22 Reuters Geneva THE World Trade Organization (WTO) has adopted the first worldwide trade reform in its history, after years of stalemate, months of deadlock and a final day’s delay following an eleventh-hour objection. The agreement means the WTO will introduce new standards for customsReuters - 441 words
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365 2014-11-29 22 Reuters Yangon A SUMMIT of political leaders proposed by Myanmar’s Parliament to debate constitutional change is “impractical” and unlikely to happen, the president’s spokesman said in a further setback to hopes for full democracy after 49 years of military rule. A semi-civilian governmentReuters - 365 words
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411 2014-11-29 23 Reuters Brussels ANNUAL inflation in the eurozone cooled to 0.3 per cent in November as energy prices fell, suggesting deflation remains a real threat for the European Central Bank. The reading on Friday marked a return to September’s five-year low for consumerReuters - 411 words
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Article, Illustration548 2014-11-29 23 His plans to cut school, hospital and broadcaster funding causes big approval fall Bloomberg Sydney TONY Abbott, whose relentless taunts of Julia Gillard for breaking an election promise helped make him Australia’s 28th prime minister, is suffering the biggest fall in public approval for aBloomberg - 548 words
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217 2014-11-29 23 Bloomberg Hong Kong THE Hong Kong Federation of Students called for pro-de-mocracy protesters to rally outside the government’s headquarters on Sunday, amid signs the movement is faltering after police cleared a key protest site. “Please prepare resources in these two days,”Bloomberg - 217 words
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Article, Illustration436 2014-11-29 24 Economist says the onus is on New Delhi to boost growth by reviving the investment climate and get reforms moving Reuters New Delhi DATA released on Friday that showed a slowdown in India’s economy will put the central bank under renewed pressure toReuters; PHOTO: AFP - 436 words
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375 2014-11-29 24 Reuters New Delhi THE Indian government plans to raise about US$14.4 billion by reducing its stakes in state-run banks to 52 per cent, the junior finance minister said on Friday, sending shares of state lenders higher. The government holds stakesReuters - 375 words
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Article, Illustration581 2014-11-29 25 Economists offer trade-off between French labour market shake-up and German infrastructure investment boost Reuters Paris WARNING that Europe risks a “stagnation trap”, leading French and German economists have proposed reforms and investments to revive growth in the eurozone’s two biggest economies, but Berlin swiftlyReuters; PHOTO: AFP - 581 words
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567 2014-11-29 25 Reuters Brasilia BRAZIL’S incoming finance minister Joaquim Levy has vowed to cut spending and clean up the country’s finances, aiming to rebuild trust with investors after years of weak growth and erratic economic policies. In his first public comments after PresidentReuters - 567 words
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Advertisement13 2014-11-29 22 18 www.omy.sg mm 9X^9 0 0 0_* i:; :U: •V v-: more @blogs.omy.sg13 words
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Advertisement772 2014-11-29 24 THE BUSINESS TIMES NOTICES INTHE MATTER OF THE COMPANIES ACT. CAP 50 AND INTHE MATTER OF KTK OFFSHORE PTE. LTD. Co. Registration No. *****3829K (IN MEMBERS’VOLUNTARY LIQUIDATION) That an Extraordinary General Meeting of the abovenamed Company held at 1 Bukit Batok Crescent #06-01/02 Wcega Plaza, Singapore *****4 on 26th November772 words
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Advertisement26 2014-11-29 25 x ■3Tr w M: I Wfrm SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES26 words
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OPINION
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Article, Illustration1072 2014-11-29 26 / 27 Shu-Ching Jean Chen - Wuhan China’s entertainment mecca Developer Dalian Wanda has spent 50b yuan on the project to transform the country’s industrial heartland. By Shu-Ching Jean Chen By Shu-Ching Jean Chen btworld@sph.com.sg Wuhan HERE in the industrial heartland of China, along the scenic East Lake and Yangtze River, a big swathe of landPHOTO: REUTERS - 1,072 words
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Article, Illustration901 2014-11-29 26 / 27 Arthur Brooks - By Arthur Brooks NYT SEVERAL years ago, I visited Provo, Utah in the heart of what its residents call “Happy Valley” to deliver a lecture at Brigham Young University. My gracious hosts sent me home with a prodigious amount of branded souvenirs: T-shirts, mugsNYT; PHOTO: SCV - 901 words
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Page 26 / 27 Miscellaneous
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Wealth
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WEALTH INVESTING
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Article, Illustration945 2014-11-29 28 / 29 Ross Kerber - Lipper says it is probably their worst comparative showing in 30 years. Even long-time standouts are lagging, at a time when advisers are growing more focused on fees. By Ross Kerber By Ross Kerber Reuters Boston STOCK-PICKING fund managers are testing their investors’Reuters; PHOTO: AFP - 945 words
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BROKERS' TAKE
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Article158 2014-11-29 28 / 29 Buy OCBC Research Nov 28 Nov 28 close: S$3.37 KEPPEL Land (KPLD) announced its wholly owned subsidiary, DC Reit Holdings Pte Ltd, has entered into a subscription agreement with Keppel DC Reit Management Pte Ltd, the manager of Keppel DC Reit, to subscribe for about 43.3 million units158 words
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Article68 2014-11-29 28 / 29 Not Rated UOB Kay Hian Nov 28 Nov 28 close: S$0.66 LIAN Beng is in good stead for earnings expansion given strong property development sales and growing recurring income. It is currently trading at consensus FY2015F price earnings 6.0x, lower than its peers’ average of 14.3x. Consensus68 words
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Article241 2014-11-29 28 / 29 Claire Huang - Compiled by Claire Huang Buy Religare Institutional Research Nov 28 Nov 28 close: S$0.295 SINGAPORE-LISTED Giken Sakata (GSS) has transformed into an onshore oil field play post its acquisition of Indonesian oil gas assets via share acquisitions in Cepu Sakti Energy. While GSS’s legacy business is precision machining241 words
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Article, Illustration936 2014-11-29 30 Genevieve Cua - New platform will boost clients’ access to relevant markets and portfolio analysis next April Genevieve Cua gen@sph.com.sg Personal Finance Editor PRIVATE banking prides itself on a personalised relationship, but UBS will take this a step further next April through a digital platform that will936 words
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LIFE & CULTURE
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Article, Illustration413 2014-11-29 31 Lee U-Wen - With Indonesia, Malaysia and Thailand the top golfing destinations, it is lining up golf and lifestyle breaks By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore NEARLY three in four golfers in Singapore last year played at least one round overseas, and MasterCard wants to do more to413 words
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294 2014-11-29 31 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore DESPITE having invested more than S$40 million into the mixed martial arts (MMA) scene in Singapore to date, Chatri Sityodtong and Victor Cui are far from done. The duo founders of Evolve MMA and294 words
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Article, Illustration321 2014-11-29 31 Helmi Yusof - By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore MINISTER for Culture, Community and Youth Lawrence Wong arrived at a recent ChildAid rehearsal with his own electric guitar and went on to wield the six-string instrument like a maestro. He had clearly learnt the321 words
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Page 31 Miscellaneous
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Miscellaneous321 2014-11-29 31 CRYPTIC CROSSWORD Across 1 Manager plunged into Eastern sea showing relief (8) 5 Dish for alcoholic drink (6) 10 Move fast to suppress dissent (3,4,4,4) 11 Work too hard to get public a vote (7) 12 King rejected an extremely wicked activity (7) 13 English journalists gripped by such strong321 words
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Page 32 Advertisements
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Advertisement121 2014-11-29 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1892 AUDEMARS PIGUET BECAME THE FIRST WATCHMAKER TO PRESENT A STRIKING MINUTE REPEATER IN A WRISTWATCH. THE 2014 MILLENARY MINUTE REPEATER IS THE LATEST EXPRESSION OF THIS PIONEERING SPIRIT. THE EXPOSED CALIBRE OF THE MILLENARY SERIES ALLOWS THE FINE DECORATION121 words
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Page 1 Advertisements
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Advertisement61 2014-11-29 1 LivingBTTHE BUSINESS TIMES WEEKEND NOV 29-30, 2014 'TIS THE SEASON FOR MARKET-HOPPING Trending now: speciality Christmas markets L2-4 HOME GARDEN Home is where the art is L8-9 STYLE Joel Robuchon launches cookbook L5-6 DESIGN President’s Design Award winners L10-11 DINING Eateries multitask to stand out L7 PHOTO: DREAM MARKET DESIGN61 words
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BT Living
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Article, Illustration1374 2014-11-29 2 / 3 May Yip - Independent local artisans, crafters and food producers are redefining the ‘quaint Christmas market’ concept with alternative stocking-fillers. By May Yip By May Yip IT’S the most lucrative time of the year, as shoppers exercise negligible financial restraint, preferring instead to dive headlong into spending sprees for loved onesPHOTOS: NAIISE, THE VINTAGE PARLOUR; PHOTOS: DREAM - 1,374 words
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Article, Illustration492 2014-11-29 4 May Yip - Navigate the circuit of Christmas markets with this handy guide. By May Yip Goddess Purrzaar Market EXPECT over 34 vendors at this multi-dimensional pop-up retail experience. Head to the second floor where cat lovers can lap up the Purrzaar market, brimming with cat-inspired artworks and wares, pet accessoriesPHOTOS: THE EDIBLE CO, FILE - 492 words
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DINING
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Article, Illustration1100 2014-11-29 5 Tiong Li Cheng - Food places opt for multitasking to stand out as one comprises a restaurant, bar and creative workshop; while the other aims to provide back-to-basics partying with good food. By Tiong Li Cheng By Tiong Li Cheng Jalan Besar’s newest kid on the block The Refinery 115 King George’sPHOTOS: YEN MENG JIIN, CLOUD - 1,100 words
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Article, Illustration1255 2014-11-29 6 / 7 Jaime Ee - Joel Robuchon, who has 28 Michelin stars, shares his new cooking philosophy that goes beyond taste, embracing the nourishing and restorative power of food. By Jaime Ee By Jaime Ee WHEN it comes to food, it’s very clear. Gourmet cuisine is gourmet cuisine, health food is healthPHOTOS: YEN MENG JIIN - 1,255 words
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HOME & GARDEN
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Article, Illustration1095 2014-11-29 8 / 9 Tay Suan Chiang - personal space Sisters June and Alicia Chua home in on collectibles in their Sengkang flat. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT VISITORS to the Sengkang apartment owned by sisters June and Alicia Chua may, at first glance, think theyPHOTOS: JOSEPH NAIR, FREE SPACE INTENT - 1,095 words
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DESIGN
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Article, Illustration1299 2014-11-29 10 / 11 Tay Suan Chiang - Design is an inextricable part of our lives, as can be seen from these products that won accolades at the President’s Design Award. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT YOU may not realise it but design is very much in our daily lives, judging1,299 words
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TRAVEL
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Article, Illustration730 2014-11-29 12 Dylan Tan - Donald Trump’s first foray into downtown Manhattan is Trump SoHo, an effortlessly luxe hotel which fits nicely into the stylish neighbourhood. By Dylan Tan By Dylan Tan dylantan@sph.com.sg @DylanT anSYBT ANY property hunter will tell you it’s all about “location, location, location” but it730 words
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HEALTH
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Article, Illustration1427 2014-11-29 13 Michael Lim - A new study reveals that fad diets show only short-term gains whereas a more holistic, plant-based diet that embraces community bonding offers long-term benefits Michael Lim ~Dr Lim is the medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia, aPHOTO: FREEIMAGES - 1,427 words
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MOTORING
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Article, Illustration631 2014-11-29 14 Samuel Ee - They may be small and efficient city cars but they are also fun to drive. By Samuel Ee samuelee@sph.com.sg GOING by the model name, the Volkswagen Polo 1.2 TSI may not sound like a new car but it is. This five-door mini hatchback still has a 1.2-litre631 words
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Article, Illustration619 2014-11-29 15 Samuel Ee - The new Mini Cooper D has a powerful turbodiesel engine that makes it fun yet frugal. By Samuel Ee By Samuel Ee samuelee@sph.com.sg MU C H h a s a l ready been written about the new Mini, its styling and its novel three-cyl-inder engine, so p619 words
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GOLF
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Article, Illustration543 2014-11-29 16 Justine Moss - Working closely with major suppliers allows Golf Direct to provide a full range of brands and products. By Justine Moss By Justine Moss ASPIRING golfers, as well as more established players, who want to pick up equipment at a discounted price can now head543 words
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Article, Illustration293 2014-11-29 16 Justine Moss - By Justine Moss HONMA customers will now have an added incentive to visit the Pan-West Wheelock place outlet. It recently opened South-east Asia’s first Honma Performance Fitting Studio together with Honma Golf Japan. The studio will offer full Honma customisation and fitting services,293 words
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Page 6 / 7 Advertisements
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Advertisement841 2014-11-29 6 / 7 wine&dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z 6845-1111 Wines And Cheese For a limited period only, appreciate a selection of promotional wine at the Atrium Lounge and enjoy a free Cheese Platter for every bottle of featured wine you order. Relax and indulge in841 words
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Page 16 Advertisements
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Advertisement30 2014-11-29 16 HOME j N E E S m Throw some new light on your home. To find out more, turn to CLASS 106 in The Classified in The Straits Times now.30 words
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