The Business Times, 1 December 2014
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2014-12-01
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The Business Times
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Title Section30 2014-12-01 1 THE BUSINESS TIMES S$1.00 SjSl A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Mo day, Decem 130 words
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Article, Illustration229 2014-12-01 1 Stocks in the US inched higher last week as a crash in oil prices supported an apparent boom in holiday sales. Tradition suggests the bulls will stay in control this week. TOP STORIES 2 Property consultants expect the Singapore government to continue scaling back the supply of private229 words
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Article, Illustration936 2014-12-01 1 Lee Meixian - Analysts say DPU risks are contained, but unit prices and property valuations may fall if interest rates rise By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE performance of real estate investment trusts (Reits) in Singapore has recovered this year, reflecting what analysts saySource: DMG & Partners Research; Source: Bloomberg - 936 words
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Article25 2014-12-01 1 Weekly Change STI 3,350.50 (+5.18) KL COMP 1,820.89 (+11.76) NIKKEI 225 17,459.85 (+102.34) HANG SENG 23,987.45 (+550.33) SHENZHEN B 989.36 (+22.00) DOW 17,828.24 (+18.18)25 words
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Advertisement123 2014-12-01 1 *****4 BT BUDDING ARTISTS FUND Disadvantaged youths get a new arts home TOP STORIES 5 GOTO GOES MAINSTREAM But quality and execution still reign at G-One WHERE WILL THE MONEY GO? Smart investing in a post-QE world BT INVESTMENT ROUNDTABLE 25 DINING OUT/29 KAZAKHSTAN President Nursultan Nazarbayev’s key role in123 words
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TOP STORIES
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Article, Illustration908 2014-12-01 2 Rob Curran - Traders look for a strong start to the holiday-shopping season in the markets WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg STOCKS inched higher last week as a crash in oil prices supported an apparent boom in holiday sales. Tradition suggests the bulls will stay inPHOTO: AFP - 908 words
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508 2014-12-01 2 AFP Taipei TAIWAN’S warm relations with China were called into question on Sunday after the island’s Beijing-friendly ruling party suffered its worst-ever polls defeat in local elections, sparking the resignation of several of its senior leaders. The rout came as theAFP - 508 words
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1520 2014-12-01 4 Kalpana Rashiwala - Property consultants expect at least one office site on confirmed list of H1 2015 GLS Programme By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore PROPERTY consultants expect the government to continue scaling back the supply of private housing land on the confirmed list for the1,520 words
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505 2014-12-01 4 REUTERS Beijing CHINA on Sunday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps that pave the way for liberalising lending rates. The draft rules, issued by the LegislativeREUTERS - 505 words
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484 2014-12-01 5 Kenneth Lim - Measures will help lay Singapore’s foundation for next 50 years, it says By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore FORGET Santa Claus and Christmas. It is only Dec 1, and PwC already has its wishlist ready for the 2015 Singapore budget. Measures to484 words
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Article, Illustration617 2014-12-01 5 Helmi Yusof - Beneficiaries of The Business Times Budding Artists Fund will train at 10sq a new arts space in Orchard Central By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore FOUR years ago, when social entrepreneur Colin Goh first set eyes on the carpark on the 10th storeyPHOTO: SIMPLIFAI STUDIOS - 617 words
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Advertisement582 2014-12-01 2 r t* 'sea Dr Harold Choil i Dr Jacob Cheng Dr Julian Theng Dr Lynn Yeo Dr Kelvin Lee L, Run by Doctors, Trusted by All Building Quality Eye Care Since 2006 Built on a vision that quality eye care can be made more affordable and accessible, the brand was582 words
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Advertisement253 2014-12-01 4 M nanyang A 1TA TECHNOLOGICAL UNIVERSITY Nanyang Business School MSC FINANCIAL ENGINEERING PROGRAMME RACING AHEAD Young and research-intensive, Nanyang Technological University (NTU Singapore) is the fastestrising university in the world’s Top 50 and ranked 39th globally. NTU is also placed 1st amongst the world’s best young universities. The Nanyang Business253 words
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Advertisement65 2014-12-01 4 MERRIFICENT CHRISTMAS TAKEAWAYS Festive celebrations wherever you may be gets better with our #welovetakeouts selection. Indulge in our savoury festive roast delights and sweet homemade Christmas desserts with your loved ones. Our best seller, Heritage Peranakan Roasted Turkey is back by popular demand, alongside with our Peach Blossoms’ Signature Smoked65 words
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Advertisement216 2014-12-01 5 I ZT’S, V >./±. h 3 ft i*r **5 if m E <*C *5 I 5. V «f r U A- 'Vf ft ap« ma tv a ’V >- u (S& s$5 »S--V <- K ■MgBPg U si 4 Y L mk A bright Christmas for those who lead the216 words
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COMPANIES & MARKETS
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Article, Illustration1281 2014-12-01 6 SIOW LI SEN - Bank of Tokyo-Mitsubishi UFJ’s priority is trade finance and cash management, says its Asia Oceania CEO.BY TTTOPLINE CEO.BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT JAPAN’S biggest lender, Bank of TokyoMitsubishi UFJ (BTMU), is reaping dividends from its overseas strategy and, in particular, the push into Asia.PHOTO: ARTHUR LEE; Source: BTMU - 1,281 words
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284 2014-12-01 6 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore EXCLUSIVE talks over the potential sale of Stats ChipPAC to China’s Jiangsu Changjiang Electronics Technology Co (JCET) may continue until Dec 20 after no deal was reached by the original deadline on Sunday.284 words
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Article, Illustration796 2014-12-01 8 BENEDICT LIM - Continuing professional development is a personal responsibility. BY BENEDICT LIM T The writer is a member of the Membership Committee of the Singapore Institute of Directors THE training of directors is increasingly recognised as crucial in a rapidly changing and more complex regulatory and business796 words
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2305 2014-12-01 8 Robert Halili - TT INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Ltd BUYING fell while selling among directors was low for the fourth straight week based on filings on Singapore Exchange in the last week of November. A total of2,305 words
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Article, Illustration64 2014-12-01 10 STI Catalist WEEKLY Straits Times Index NOV 28,2014 3,350.5 +5.18 (+0.15%) Current streak 1 day Week high 3,350.5 Week low 3,340.53 52-week high 3,350.50 (NOV 28, 2014) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist index NOV 28,2014 777.56 -16.94 (-2.13%) Current streak 2 days Week high 795.45 Week64 words
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Article, Illustration662 2014-12-01 10 R Sivanithy - TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT LAST week’s column alerted readers to the likelihood that the Straits Times Index would be propped up or “window-dressed” on Friday. This is because some funds close their books for the year on Nov 30 and,662 words
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Article, Illustration36 2014-12-01 10 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index NOV 28,2014 805.78 +1.22 (+0.15%) Current streak 1 day Week high 806.08 Week low 804.08 52-week high 816.11 (July 25, 2014) 52-week low 733.83 (Feb 7, 2014)36 words
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Article307 2014-12-01 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 +8 235/225 250 206 6.1 5912.5 CapitaLand 332 +5 337/328 348 268 16.6 2.4 *****.2 CapitaMall Trust 198 +1 201/196.5 209 180 5.2 6867.2 CityDev 1006 +9 1010/983 1118 860 13.6307 words
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Article77 2014-12-01 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 495.3 1.9 *****/***** SPDR DJIA US$ ***** 376.7 1.6 *****/***** DBXT MSEurope US$ 5870 250.3 3.4 6492/5366 DBXT MSKorea US$ 5710 208.6 2.9 6735/5550 DBXT China50 US$ 3199 164.2 4.1 3367/2577 BY PERCENTAGE CLOSE UP 52w high/low Sing-eDev w*****077 words
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Article76 2014-12-01 10 BY CENTS CLOSE DOWN 52w high/low DBXT ASX200 US$ 3800 -286.8 -5.5 4403/3647 DBXT iBoxxSvEu US$ ***** -126.4 -0.4 *****/***** DBXT Vietam US$ 2769 -105.6 -2.8 3100/2384 Hyflux 6% CPS ***** -60.0 -0.6 *****/***** GLD US$ ***** -53.4 -0.4 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Ezion MBeCW*****2 0.276 words
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Article79 2014-12-01 10 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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Article, Illustration34 2014-12-01 10 STI MSCI EAFE WEEKLY MSCI EAFE index NOV 28,2014 1,839.73 +8.53 (+0.47%) Current streak 2 days Week high 1,848.79 Week low 1,832.96 52-week high 1,993.20 (July 4, 2014) 52-week low 1,737.51 (Oct 17, 2014)34 words
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Article186 2014-12-01 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 4 0 0 0 3 9 4 Manufacturing 57 83 30 11 13 13 68 96 43 Commerce 27 33 15 3 11 3 30 44 18 Tpt/Stor/Comms 18 17 8186 words
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Article123 2014-12-01 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 91,048 91,048 439,572 439,572 Manufacturing 1,304,055 284,192 1,588,247 607,888 20,084 627,972 Commerce 667,644 190,628 858,272 570,874 12,390 583,264 Tpt/Stor/Comms 514,124 5,694 519,818 932,350 2,059 934,409 Finance 90,694 2,774 93,468 850,592 581 851,173 Construction 189,753 144,372123 words
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783 2014-12-01 10 TT COMMODITIES AFP London CRUDE oil prices hit four-year lows last week after Opec held output levels despite global oversupply, in a move perceived by some analysts as an attack on booming US shale energy. Heavy falls in the oil market alsoAFP - 783 words
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Article37 2014-12-01 10 VOLUME IHC 319,873,000 Suntec Reit 275,350,000 GSH 265,332,000 Golden Agri-Res 238,321,000 APAC Strategic 200,518,000 Market volume 8,188,177,000 VALUE Suntec Reit 531,685,985 SingTel 454,335,147 DBS Grp 325,031,223 Keppel Corp 269,469,576 Forterra Trust 241,269,573 Market value 6,335,990,00037 words
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Article113 2014-12-01 10 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US785 +7 5601 790/773 790/541 785/786 98.1 UETF SSE50China 181 +16 1665 182/169 182/140 181/182 56.6 STI ETF 339 +2 882 339/337 343/298 338/339 DBXT CSI300 US$ US820 +83 221 820/759 820/613113 words
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Article96 2014-12-01 10 COMPANY MEETING PLACE DATE TIME We Hldgs E 10 Ubi Crescent Ubi Techpark (Lobby A) (Lvl 2) 01-Dec 10.00am SPH A the Auditorium 1000 Toa Payoh North News Centre (1st Storey) Annexe Block 02-Dec 10.30am Hankore Env E Pan Pacific Singapore Ocean 1-3 (Level 2) 7 Raffles Boulevard96 words
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Article77 2014-12-01 10 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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391 2014-12-01 11 TT CURRENCIES BLOOMBERG New York THE US dollar last week advanced for a fifth consecutive month as the United States moves closer to its first interest-rate increase since 2006, while policymakers from Japan, the eurozone and China pledge further stimulus to support growth.BLOOMBERG - 391 words
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FOREX RATES
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Article471 2014-12-01 11 NOV 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.966 5.219 0.683 6.585 52.653 103.612 1.004 9.411 2.867 1.083 86.451 38.140 1.107 9.356 0.821 26.311 27.876 0.542 0.849 Canada 1.035 5.404471 words
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Article155 2014-12-01 11 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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Article22 2014-12-01 11 NOV 28 S$ Bid Offer 1-month 1.3038 1.3041 2-months 1.3040 1.3043 3-months 1.3040 1.3043 6-months 1.3039 1.3043 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article356 2014-12-01 11 NOV 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.16 *****.90 *****.84 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar15 *****.00 *****.00 *****.00 *****.00 441 5407 MSCI TAIWAN INDEX FUTURES SPOT 342.44 344.00 341.86 Dec14 343.30 344.90 343.00 343.40 ***** *****9 Jan15 344.00356 words
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210 2014-12-01 11 NOV 28 Most active Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****2 12.7 -0.2 ***** 0.1 0 7 Rowsley Ltd W*****3 4.1 -0.2 ***** 1 18 23 OCBC Bk MB eCW*****3 10.2 -0.1 ***** 0.2210 words
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373 2014-12-01 11 In local curr In S$ In US$ dy yr dy yr dy yr Nov 28 Index Change Change Change Change Change Change World Preliminary 1289.3 0.0 8.8 0.3 8.3 -0.1 4.9 EAFE Preliminary 1001.9 0.2 4.8 0.2 -0.8 -0.2 -4.0 Europe Preliminary 1411.2 0.0 4.2373 words
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AGRI METALS ENERGY
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Article212 2014-12-01 11 NOV-28 Price Net change change Last Trade Agricultural Nov-28 CBOT Soybeans (US cents/bu) 1016.00 -31.00 -2.96% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.18 -1.30 -3.88% 12/12/2014 CBOT Wheat (US cents/bu) 577.25 15.25 2.71% 12/12/2014 Nov-28 LIFFE Cocoa (£/tonne) 1924.00 -20.00 -1.03% 12/12/2014 LIFFE Coffee (US$/tonne) 2096.00 0.00 0.00%212 words
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Article57 2014-12-01 11 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 2176.057 words
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BANK RATES
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Article154 2014-12-01 11 Nov 28 $S Offer Bid 0vernight 0.10 0.05 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ Offer Bid 7 days 0.18 0.08 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12154 words
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Article36 2014-12-01 11 NOV 28 (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 Reuters36 words
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Article67 2014-12-01 11 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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Article, Illustration784 2014-12-01 12 Chan Yi Wen - The company expects sales from China, Brazil and Nigeria to increase over the next few years By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT INCREASED risks of transmission from infectious diseases over the years, such as Aids and the avian flu, have raised hygiene awareness in emergingPHOTO: AFP - 784 words
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Article1073 2014-12-01 12 Payment Ex Rec Pay Ann (cts) date date date date 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 Ascendas Hospitality Tr (9 Apr-30 Sep 2014) ag 2.439 12-Nov 14-Nov 12-Dec 07-Nov Ascendas-iTrust 1 Apr-30 Sep1,073 words
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Article259 2014-12-01 12 NOV 28 BANKS Agricultural Bank Of China Agricultural Bank Of China 5.50 Bangkok Bank Public Co. Ltd 6.00 5.50 Bank of Communications 6.00 Bank of China Limited 5.50 Bank of Communications Bank of Tokyo-Mitsubishi UFJ, Ltd 5.75 Banque Internationale a 5.50 Bank of Taiwan Bank of Tokyo-Mitsubishi259 words
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Article1576 2014-12-01 12 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 14.08 1.56 1.45 ARA Asset Management Limited 2.00 2.00 4 10.45 16.56 1.97 1.73 Ascendas Hospitality Trust Mgt1,576 words
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Advertisement154 2014-12-01 6 NOTICE OF RESULTS OF MEETING HANKORE ENVIRONMENT TECH GROUP LIMITED (Company Registration No. *****) (Incorporated in Bermuda) Notice to holders of the outstanding S$50,000,000 7.50 per cent. Notes due 2015 comprised in Series 001 (ISIN: SG57B*****55) (the "Notes") of HanKore Environment Tech Group Limited (“HanKore”) convened for 10.00 a.m. (Singapore154 words
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REAL ESTATE
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Article, Illustration875 2014-12-01 13 Number of people using expanded Help to Buy plan falls to almost 3,400 in Sept from over 4,000 in May BLOOMBERG London UK Prime Minister David Cameron introduced an expanded version of the Help to Buy home-loan programme a year ago,BLOOMBERG; PHOTO: BLOOMBERG - 875 words
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690 2014-12-01 13 BLOOMBERG Sydney AUSTRALIA is still working on possible tools to strengthen mortgage-lending practices and cool an unbalanced housing market, the chairman of the nation’s banking regulator has said. The Australian Prudential Regulation Authority (Apra) is looking at the ability of borrowers toBLOOMBERG - 690 words
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252 2014-12-01 13 BLOOMBERG Tokyo MITSUBISHi Estate’s 159 billion yen (S$1.7 billion) sale of a building in Tokyo’s most expensive business district shows that commercial property prices have surpassed their 2007 peak, according to Credit Suisse Group AG. Mitsubishi Estate said on Thursday thatBLOOMBERG - 252 words
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275 2014-12-01 13 AFP Shanghai CHINA’S housing prices fell on a monthly basis for the seventh straight month in November, a survey showed on Sunday, with the market yet to feel the full impact of an interest rate cut. The average price of aAFP - 275 words
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252 2014-12-01 13 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE investors closed 16 Malaysian property transactions worth more than RM8.6 million (S$3.31 million) at the STProperty Seminar and Expo 2014 over the weekend at Suntec City, event organisers said. That was the highest number252 words
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Article9 2014-12-01 13 DB Platinum Croci Branchen Stars R1C-A 21/11/2014 233,16 EUR9 words
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518 2014-12-01 13 They are lured by attractive borrowing costs, high demand BLOOMBERG Tel Aviv US real estate developers are joining the largest wave of local debt issuance on the Tel Aviv Stock Exchange (Tase) bond trading platform since 2007, capitalising on yield-starvedBLOOMBERG - 518 words
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Advertisement161 2014-12-01 13 VCCIRCLE TRAINING NS5 Learn it from the Valuation Guru Two Day Workshop on Business Valuation with ASWATH DAMODARAN Professor, Stern School of Business Venue Raffles Hotel, Singapore Deep Insights On I DCF Model Live Case Studies Valuation of all types of Companies Estimating Cash Flows, Growth Rates Patterns For more161 words
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VIEWS FROM THE TOP
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Article, Illustration7350 2014-12-01 14 THIS WEEK’S TOPIC What is the most significant news event of 2014, and why? Tan Chong Huat Managing Partner RHTLaw Taylor Wessing LLP THE most notable news story of 2014 has been the rise of stateless terrorist groups, with ISIS serving as the most vividPHOTOS: AFP, REUTERS - 7,350 words
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BT-CITIBANK YOUNG INVESTORS’ FORUM
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Article, Illustration2418 2014-12-01 16 LYNETTE KHOO - Different indices can paint a conflicting picture of property prices. BY LYNETTE KHOO BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT Keeping tabs on property price movements is crucial on several fronts. For many, residential property is their single largest purchase, for which they require accurate and reliable price information.NUS Institute of Real Estate Studies - 2,418 words
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Advertisement113 2014-12-01 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 to113 words
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BANKING & FINANCE
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709 2014-12-01 17 But this may not come at ECB’s last monthly policy meeting of the year this week AFP Frankfurt SLOWING eurozone inflation is likely to make the European Central Bank (ECB) increasingly nervous and pave the way for further monetaryAFP - 709 words
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Article, Illustration346 2014-12-01 17 BLOOMBERG Frankfurt COOPERATIVE banks will be at the forefront of a wave of mergers among lenders in Italy and Germany, the chief executive officers of Intesa Sanpaolo SpA and Commerzbank AG said. “The Italian banking system will not be the same nextBLOOMBERG; PHOTO: BLOOMBERG - 346 words
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Article, Illustration583 2014-12-01 17 REUTERS London BRITAIN’S financial regulator will next week come under scrutiny from lawmakers debating whether thousands of small firms which were wrongly sold interest rate hedging products were treated fairly in a compensation scheme it set up. The mis-selling is oneREUTERS; PHOTO: REUTERS - 583 words
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Article, Illustration502 2014-12-01 17 BLOOMBERG Frankfurt EUROPEAN Central Bank (ECB) executive board member Sabine Lautenschlaeger says quantitative easing (QE) isn’t the right policy choice for the euro area currently hardening a split among officials over the right response to slowing inflation. “A consideration of the costsBLOOMBERG; PHOTO: BLOOMBERG - 502 words
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423 2014-12-01 17 BLOOMBERG Brussels GREECE is considering bowing to external pressure and accepting a full role for the International Monetary Fund (IMF) in its next aid deal with European Union (EU) authorities, according to three officials with direct knowledge of the negotiations.BLOOMBERG - 423 words
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Advertisement117 2014-12-01 17 IN THE MATTER OF NANOYO GROUP PTE. LTD. (In Creditors’ Voluntary Liquidation) (Company No: *****3427R) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50, that the Final Meeting of the Members and Creditors of the abovenamed Company will be117 words
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COUNTRY FOCUS: KAZAKHSTAN
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Article, Illustration1007 2014-12-01 18 VINCENT WEE - International policy, security and sustainable development are among main concerns.BY concerns.BY VINCENT WEE AS Kazakhstan prepares to celebrate its Day of the First President holiday on Dec 1, it also looks back on the guidance of the country’s first and only president, Nursultan Nazarbayev, throughPHOTO: AFP - 1,007 words
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Article, Illustration410 2014-12-01 18 Vincent Wee - By Vincent Wee KAZAKHSTAN and the EU have recently completed talks on a new extended Agreement on partnership and cooperation and on resolving all bilateral issues regarding Kazakhstan’s accession into the WTO. “Today Kazakhstan and the EU have signed a document to markPHOTO: AFP - 410 words
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Article, Illustration699 2014-12-01 19 VINCENT WEE - President highlights economic cooperation through Europe-Asia connectivity. BY VINCENT WEE connectivity.BY VINCENT WEE KAZAKHSTAN’Sjoining of the Asia-Europe Meeting (Asem) earlier this year is a big step in helping to integrate the country with the rest of the global economy. Officially joining the key forum for dialoguePHOTO: NYT - 699 words
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330 2014-12-01 19 Vincent Wee - By Vincent Wee SINCE its formation in 1995, the Assembly of the People of Kazakhstan has become an authoritative institutional setting of in-ter-ethnic relations harmonisation. The Kazakhstan People Assembly was established by the decree of Kazakhstan President Nursultan Nazarbayev on Mar 1, 1995 as an330 words
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665 2014-12-01 19 Vincent Wee - By Vincent Wee THE Kazakhstan capital of Astana will once again host the Congress of Leaders of World and Traditional Religions next year, from June 10-11. Held for the fifth time, the congress’ main theme will be “Dialogue of Religious Leaders and Politicians665 words
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Advertisement114 2014-12-01 18 Create a nuclear-free world Stabilise the international monetary system Implement global energy concepts vl VVy Promote global security \S\Vvy7 vw v <ie vy ;<’c V/v f O'" 's>XVnVv^. if* x > r v/, >/ O'" vV V\/v/ Expand mter-cultural dialogue </ x \\Vn'va/.; <.>' n^V'sVn'v'^/ 0 s W/ Encourage nations114 words
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Advertisement69 2014-12-01 19 EXPO 2017 will bring the world together at Astana, Kazakhstan, in a three-month showcase for the latest global developments in the energy sector, where nations will join hands to develop alternative energy solutions. You too can walk your talk to save our fast-depleting energy resources. Like our Choose Green Not69 words
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ENERGY & COMMODITIES
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Article, Illustration634 2014-12-01 20 Changes are expected to improve jewellers’ stocks, lower costs and help contain illegal trade BLOOMBERG New Delhi INDIA, the world’s second-biggest user of gold, eased import regulations on the metal to remove distortions in shipments and curb smuggling. Rules requiringBLOOMBERG; PHOTO: AFP - 634 words
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1069 2014-12-01 20 BLOOMBERG Houston SAUDI Arabia and its Opec (Organization of the Petroleum Exporting Countries) allies’ firm stand against cutting crude output to slow the plunge in oil prices has set the energy world on a painful course that will leave theBLOOMBERG - 1,069 words
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318 2014-12-01 20 REUTERS London THE global tin market is expected to fall into a deficit of 5,000 to 10,000 tonnes in 2015 from a balanced market this year following an improvement in demand, industry group ITRI said on Friday. BenchmarkREUTERS - 318 words
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Article, Illustration555 2014-12-01 20 AFP Kiev WITH the rich seams of coal in eastern Ukraine under rebel control and Russia cutting off supplies, the Kiev government faces the awkward prospect of turning to its enemies for help. As winter set in, the biggest fear in recent monthsAFP; PHOTO: REUTERS - 555 words
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TECHNOLOGY
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Article289 2014-12-01 21 BLOOMBERG New York MOMO Inc, the Chinese application that lets users send text, photos or video to people nearby, is seeking as much as US$232 million in a US initial public offering. The company is offering 16 million American depositary receipts for US$12.50 to US$14.50BLOOMBERG - 289 words
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701 2014-12-01 21 NYT New York WHY is a venture-capital firm led by online pioneers backing a farm-to-table salad chain? That is the question some tech industry watchers asked themselves three weeks ago, after Sweetgreen, a fast-casual salad restaurant with outlets on the East CoastNYT - 701 words
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Article, Illustration613 2014-12-01 21 Automatic access to users’ friends will be taken away soon NYT New York WHEN you log in to a politician’s Facebook app, the campaign enjoys relatively easy access to your friends on the social network. But starting next year, that automatic access willNYT; PHOTO: REUTERS - 613 words
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Page 21 Advertisements
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Advertisement131 2014-12-01 21 Your business, always ON. What does 1 hour of downtime cost your business? With Schneider Electric, you can avoid costly power problems and gain unprecedented visibility to control your energy consumption while ensuring that your people and assets are always connected and protected. Our data centre energy management solution provides131 words
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CONSUMER
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Article, Illustration618 2014-12-01 22 Sales at retail stores total US$12.29 billion on Thanksgiving Day and Black Friday REUTERS Chicago US shoppers spent slightly less money at brick-and-mortar stores on Thanksgiving Day and Black Friday than across the same two days in 2013, while online sales surged to recordREUTERS; PHOTO: BLOOMBERG - 618 words
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361 2014-12-01 22 BLOOMBERG New York FAST-FOOD workers in dozens of US cities are planning to walk off the job this week as they continue pushing for higher wages and union rights. Workers at fast-food restaurants in 160 cities will strike on Dec 4 inBLOOMBERG - 361 words
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Article, Illustration530 2014-12-01 22 BLOOMBERG London TESCO Plc, the beleaguered UK supermarket leader, drew criticism from shoppers and police chiefs on Friday after its Black Friday discounts led to officers being called to stores and its website struggling to cope. Police attended incidents at sevenBLOOMBERG; PHOTO: REUTERS - 530 words
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699 2014-12-01 22 REUTERS Macau JUNKET operators that connect China’s wealthy punters to Macau’s casinos are waiting as long as a year for gamblers to repay billions of dollars of loans, crippling the business model of an industry that sustains the world’s biggest casinoREUTERS - 699 words
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Page 22 Advertisements
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Advertisement261 2014-12-01 22 with How do you sieve through the huge number of listed companies and find quality companies worth investing in? You can attempt to look through the fundamentals and technicals of each company, but that will waste a lot of time and you may waste precious buying opportunities. The ShareInvestor Market261 words
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Advertisement71 2014-12-01 22 LARGEST Fair ASIA’S Educational Kids' 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! GUARANTEE? TARGETEP CROW?! Join us at smartKiDs Asia 2015! *1^ n Call us to enquire how we can help you71 words
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Page 23 Advertisements
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Advertisement1626 2014-12-01 23 GOLDERS GREEN HOLDING PTE LTD (Incorporated in the Republic of Singapore) (Company Registration No.: *****3985D) NOTICE OF PROPOSED AMALGAMATION OF L.S.J. INVESTMENT MANAGEMENT PRIVATE LIMITED WITH GOLDERS GREEN HOLDING PTE LTD ISSUED PURSUANT TO SECTION 215C(5)(b) OF THE COMPANIES ACT (CAP. 50) Pursuant to Section 215C(5)(b) of the Companies Act1,626 words
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Page 24 Advertisements
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BT INVESTMENT ROUNDTABLE
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Article, Illustration3711 2014-12-01 25 THE tidal wave of liquidity unleashed by the US Federal Reserve’s quantitative easing (QE) programme has reached its high-water mark and may begin to ebb soon, while in Japan the tide is still in full flood and in Europe it is still rising. Results3,711 words
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GOVERNMENT & ECONOMY
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Article, Illustration1027 2014-12-01 26 Voters turn down initiative known as Ecopop by 74% to 26%; its opponents had called it xenophobic and ineffective BLOOMBERG Zurich SWISS voters on Sunday rejected a referendum to introduce strict immigration quotas, a step that would have risked choking off economic growthBLOOMBERG; PHOTO: REUTERS - 1,027 words
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Article, Illustration682 2014-12-01 26 AFP Athens A TAXI-TRACKING tool, a head-hunt-ing engine and a vertical gardening company: all business startups that have paradoxically emerged from a Greek economy long in the doldrums. Faced with the worst unemployment wave in living memory, Greece’s youth are turning away fromAFP; PHOTO: AFP - 682 words
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326 2014-12-01 26 BLOOMBERG Sydney AUSTRALIA faces budget deficits “as far as the eye can see” as plunging export commodity prices and weak wage growth cut company and income tax revenue and savings measures are blocked, Deloitte Access Economics said. The underlyingBLOOMBERG - 326 words
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432 2014-12-01 26 Disputes between nations should be resolved through dialogue, he says REUTERS Beijing CHINA’S President Xi Jinping ratcheted down Beijing’s heated rhetoric and called on the government to expand its foreign policy agenda through cooperation and diplomacy. China should “promote peaceful resolution ofREUTERS - 432 words
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TRANSPORT
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Article, Illustration764 2014-12-01 27 It will force carmakers to expand recalls, to include driver’s-side air bags suspected of faults NYT Tokyo IN April last year, Japan’s transportation minister was asked at a news conference about potentially dangerous air bags made by Takata, the Japanese auto parts supplier.NYT - 764 words
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Article, Illustration454 2014-12-01 27 REUTERS Paris AIRBUS Group sold 8 per cent of Dassault Aviation back to the French planemaker in a deal worth 794 million euros (S$1.3 billion) on Friday the first step towards unwinding an awkward 16-year-old link to its defence market rival. TheREUTERS; PHOTO: REUTERS - 454 words
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Article, Illustration720 2014-12-01 27 New JV deals require 40% of production done in Iran, rising to 85% after five years AFP Teheran FOREIGN carmakers seeking a return to the potentially huge Iranian market with the lifting of international sanctions will find the business environment hasAFP; PHOTO: AFP - 720 words
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269 2014-12-01 27 REUTERS London LUFTHANSA has said that the airline had made concessions in recent talks, including a 5 per cent pay rise. But it reiterated in emailed comments that it would not accept a request that new pilots, as well as those alreadyREUTERS - 269 words
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280 2014-12-01 27 REUTERS Berlin German Chancellor Angela Merkel is backing loss-making Air Berlin in a dispute over whether its Abu Dhabi-based partner Etihad is exercising too much control, Focus magazine reported on Saturday. Etihad, which owns a 29 per cent stake in AirREUTERS - 280 words
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272 2014-12-01 27 REUTERS London TANKER operators are expecting bigger profit margins as low oil prices slash the cost of fuel and encourage traders to ship more crude around the world. Current-quarter gains for shipping companies such as Teekay Tankers and DHT Holdings couldREUTERS - 272 words
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Article1714 2014-12-01 28 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 MALAYSIA STAR 40 50 8/12 9/12 13/12 15/12 KAISA 2 60 10/12 12/12 14/12 DEL SOL1,714 words
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Page 28 Advertisements
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Advertisement299 2014-12-01 28 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,299 words
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DINING OUT
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Article, Illustration1087 2014-12-01 29 JAIME EE - Former kaiseki restaurant Goto scales down its pricing and goes mainstream without dumbing down its repertoire. BY JAIME EE BY JAIME EE NEW RESTAURANT G-One 14 Ann Siang Road Tel: 6438 1553 Open for lunch and dinner. Mon to Thurs: 11.30am to 2.30pm; 6.30pm to 10.30pm.PHOTOS: JAIME EE - 1,087 words
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Advertisement61 2014-12-01 29 BECAUSE OF YOU. KISS92 IS m Mol IN SHARE OF LISTENERS AMONG ENGLISH STATIONS LISTENERSHIP GREW BY 50,000 in 624.000 M.2 IN CUMULATIVE LISTENERSHIP AMONG ENGLISH STATIONS NIELSEN RADIO DIARY SURVEY (SEP-NOV 2014] D facebook.com/kiss92fm FM eat songs in one place THAW' 10 A BIG Vilnius (K EVtNW®^ X www.kiss92.sg61 words
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LIFE & CULTURE
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Article, Illustration477 2014-12-01 30 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Community Chest Charity Gala 2014 raises over S$2.5m The “Remembering Acts of Love Community Chest Charity Gala 2014”, the finale fundraising event organised by Community Chest under the Care Share Movement, was the icing on the cake for Community Chest. It raised morePHOTO: BTMU SINGAPORE - 477 words
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Article, Illustration467 2014-12-01 30 NYT Washington US President Barack Obama, joined by his daughters, went shopping on Saturday at Politics and Prose, an independent bookstore in the capital, in what has become a Thanksgiving weekend tradition for the first family to honour Small Business Saturday an outing thatNYT; PHOTO: REUTERS - 467 words
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Article, Illustration471 2014-12-01 30 NYT New York THESE are dark days for the shaving industry. After experiencing a century of fairly steady growth, makers of razors and other shaving equipment have seen revenues level off or fall in the last few years. Beards are back. OneNYT; PHOTO: AFP - 471 words
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Page 30 Advertisements
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Advertisement199 2014-12-01 30 QiilC idKl 2005-2014 DEC 5 6 I MARINA BAY SANDS EDITION You've been wowed by their performances. Now, catch them again, along with other talented young performers—musicians, vocalists, dancers—at the ChildAid 10th anniversary concert in December. Proceeds from the sale of tickets will go to The Straits Times School Pocket199 words
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Page 30 Miscellaneous
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Miscellaneous333 2014-12-01 30 CRYPTIC CROSSWORD Down 2 Unusually verbose remark (7) 3 Customs in various estates (4) 4 Water at the mouth (7) 5 It’s real, topless or not! (7) 6 Unusual combination of artist and engineer (4) 7 There’s a point in this system (7) 8 Girl comes a cropper somewhere in333 words
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