The Business Times, 13 December 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33312
Total Pages: 41
1 16 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g DECEMBER 13-14, 2014 S$1.00 MCI (P) 052/08/2014 SfSl A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon Oil price falls below US$63 to 5-year low
    423 1 Reuters London OIL’s rout extended on Friday, with Brent crude slipping towards US$62 a barrel, its lowest since July 2009, on persistent concerns over a global supply glut and weak demand outlook. Brent is down more than 9 per cent this week,
    Reuters  -  423 words
  • Article, Illustration
    Lock icon Shophouse deals down but prices stay resilient
    1771 1  -  Prices in choice CBD locations defy expectations by rising, those outside Central Area soften By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE number and value of shophouse transactions so far this year is roughly half that of last year, as demand has been hit
    Source: CBRE, URARealisasat Dec 9, 2014  -  1,771 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      41 1 YULETIDE Home for Christmas L6-7 LAP OF LUXURY Raising the bar in luxe decor L2-4 w. Mi m y (y Depuis 1775 Classique Chronometrie 7727 BREGUET BOUTIQUE 2 BAYFRONT AVENUE THE SHOPPES AT MARINA BAY SANDS #61-119/120 SINGAPORE +65 *****006 WWW.BREGUET.COM
      41 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      26 1 LIM GUAN ENG, CHIEF MINISTER OF PENANG 10-11 TRAVEL Kyoto's old-world draw L10-11 the raffles conversation REAL ESTATE Mortgagee sales set to rise in 2015 17
      26 words
Page thumbnail Page 2
  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,324.13 (+5.43) GSTI FUTURES 3,319.00 (+6.00) GSIMSCI 376.64 (+0.07) HSIMSCI FUTURES 375.90 (-0.20) STOCKS Friday Change KL COMP 1,732.99 -11.58 NIKKEI 225 17,371.58 +114.18 HANG SENG 23,249.20 -63.34 SET 1,514.95 -11.86 JAKARTA 5,160.43 +7.74 MANILA 7,224.21 +152.11 KOSPI 1,921.71 +5.12 SHENZHEN B 1,022.09 -1.26 MUMBAI IND 27,350.68 -251.33
        59 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.636 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: Bloomberg
        29 words
      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.312 (US$/S$ per 1.572 2.062 EURO (US$/S$/€ 1.240 1.627 Foreign currency per US$ S$ YEN 118.70 90.50 RM 3.493 2.663 HK$ 7.753 5.910 BAHT 32.80 25.00 RUPIAH 12,449 9,491 RENMINBI 6.187 4.717 INDIAN RUPEE 62.38 47.55 A$ 1.208 0.921 NZ$ 1.282 0.978
        49 words
    • Article, Illustration
      Lock icon US House narrowly approves US$1.1t budget
      618 2 Pelosi breaks with White House on bill provision to roll back regulation of Dodd-Frank Act NYT Washington The US House of Representatives on Thursday narrowly passed a US$1.1 trillion spending package that would fund most government operations for the fiscal year after a rancorous
      NYT; PHOTO: AFP  -  618 words
    • Article
      Lock icon PM hopes for faster S’pore-Korea FTA review
      509 3  -  Mr Lee says there are many issues on the table related to the free trade pact Reports by Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Busan, South Korea THE ongoing review of the free trade agreement (FTA) between Singapore and South Korea has not made much
      509 words
    • Article
      Lock icon S Korea, Asean to work to boost two-way trade by over 50% by 2020
      498 3 PM Lee says Asean- Korea ties present a good opportunity to take stock and consider ways to deepen relations SOUTH Korea and the 10-member Asean have agreed to work together to boost two-way trade by more
      498 words
    • Article
      Lock icon Next GE may take place when Singaporeans least expect it
      625 3 It depends on what the state of preparations is, what is happening in the world, says PM Lee WHILE there is much speculation these days about when the next general election (GE) in Singapore will be held, it could well
      625 words
    • Article, Illustration
      Lock icon Oil rout positive for global economy: IIF
      538 7  -  Boost for global demand as oil price fall shifts purchasing power to consumers By Anthony Rowley btworld@sph.com.sg Tokyo DESPITE turbulence in energy markets and dramatic falls in the price of oil, “the overall net impact on the global outlook is clearly positive”, the
      PHOTO: BLOOMBERG  -  538 words
    • Article
      Lock icon China shows more signs of economic fatigue
      627 7 November factory growth slows more than forecast REUTERS Beijing CHINA’S economy showed further signs of fatigue in November, with factory growth slowing more than expected and investment expansion hovering near a 13-year low, putting pressure on policymakers to unveil stronger stimulus measures. A
      REUTERS  -  627 words
    • Article, Illustration
      Lock icon Asia ‘should seek to create its own version of Silicon Valley’
      457 8  -  Silicon Valley’s youngest venture capitalist envisions a pan-Asia community By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore ONE of the most common questions Ernestine Fu gets is how to replicate Silicon Valley in Asia. The question is not how to replicate
      457 words
    • Article
      Lock icon GIC buys office tower in Brazil
      330 8  -  Quality asset in prime location suits fund as a long-term investor, says regional head By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE’S sovereign wealth fund GIC is buying an office building in Brazil in its first whol-ly-owned investment in Latin America. The building Eco Sapucai,
      330 words
    • Article, Illustration
      Lock icon Okinawa woos Singapore and Asia, aiming to become global logistics hub
      905 9  -  Official says goal is for “people to come here to get everything they want from Japan” By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Okinawa OKINAWA, Japan’s southernmost island prefecture known for its white beaches and warm temperatures even in winter, has
      905 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      118 2 CONTENTS LIVING Cover Story L2-4 Style L5 Christmas L6-9 NEWS Top Stories 2-9 Raffles Conversation 10-11 Companies Markets 12-16 Real Estate 17-18 Banking Finance 19 Energy Commodities 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Travel L10-11 Health L13 Motoring L14-15
      118 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      2553 4 VOLUNTARY CONDITIONAL CASH OFFER by CIMB BANK BERHAD(*****-P) Singapore Branch (Incorporated in Malaysia) for and on behalf of ENERGIAN PTE. LTD. (Company Registration No.: *****3499D) (Incorporated in the Republic of Singapore) a wholly-owned subsidiary of FALCON ENERGY GROUP LIMITED (Company Registration No. *****3817G) (Incorporated in the Republic of Singapore) to
      2,553 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      2135 5 7. FINANCIAL ASPECTS OF THE OFFER The Offer Price is equivalent to the highest traded price2 of the CHO Shares on the SGX-ST in the 12-month period up to and including 10 December 2014 (being the last market day on which the CHO Shares were traded on the SGX-ST prior
      2,135 words
Page thumbnail Page 6
Page thumbnail Page 7
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      449 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DAIWA PLASTICS (S) PTE LTD Company Registration Number *****5492W (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the member of Daiwa Plastics (S) Pte Ltd deemed to
      449 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      68 9 General One Corporation (In Voluntary Liquidation) Company No. (*****54) NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The voluntary liquidation commenced on 4th December, 2014. The Liquidator is Simon Filmer of Offshore Incorporations Centre,
      68 words
Page thumbnail Page 10 / 11
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Architect of Penang’s transformation
      2160 10 / 11  -  The chief minister of Penang and one of Malaysia’s most popular opposition politicians fuels hope with ground-rule changes in the state. By Anita Gabriel By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT LIM Guan Eng, Chief Minister of Malaysia’s north-western state of Penang for six years now and one
      PHOTO: ARTHUR LEE  -  2,160 words
Page thumbnail Page 12
  • COMPANIES & MARKETS
    • Article
      Lock icon Blumont garners 12.75% of Genesis Resources
      450 12  -  Progress in bid for Australia-listed miner comes from share subscription, acceptances By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore BLUMONT Group has progressed in its bid to acquire Genesis Resources fully, having garnered an interest of 12.75 per cent of the Australia-listed miner so far. Blumont
      450 words
    • Article, Illustration
      Lock icon 2014 S’pore market predictions: other than oil, more hits than misses
      704 12  -  COMMENTARY R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THIS may come as a bit of a surprise to many market observers but predictions made 12 months ago of how the Singapore market might perform in 2014 contain more hits than
      704 words
    • Article
      Lock icon LionGold posts lower Q2 loss of S$14.4m
      168 12  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore GOLD miner LionGold Corp reported a net loss of S$14.4 million for its second quarter ended Sept 30, 2014, versus a loss of S$44.9 million a year ago. It incurred disposal losses, loss recognised from a reduction
      168 words
    • Article
      Lock icon Keppel DC Reit units start trading on a strong note
      306 12 Singapore KEPPEL DC Reit made a strong debut on the Singapore Exchange mainboard on Friday, with its units rising as much as 5.9 per cent to hit an intra-day high of 98.5 Singapore cents. The counter started at 98 cents
      306 words
    • Article, Illustration
      Lock icon Banks, offshore oil sector main plays in week of sporadic activity
      698 13  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent VOLATILITY in the offshore oil sector and continued strong support for the banks provided the main features of interest this week. There was also support for SingTel, a sudden play on the
      698 words
    • Article
      Lock icon GAINERS
      74 13 BY CENTS CLOSE UP 52w high/low JSH USD 3381 66.9 1.5 3810/3006 DBS Grp 2010 30.0 1.5 2023/1565 DBXT Vietnam US$ 2706 27.5 0.8 3100/2384 DBS Bk 4.7% NCPS ***** 25.0 0.2 *****/***** JMH USD 5815 21.0 0.3 6460/4934 BY PERCENTAGE CLOSE UP 52w high/low BlueSkyPower 16.9 53.6 5.9
      74 words
    • Article
      Lock icon LOSERS
      79 13 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -362.0 -1.3 *****/***** DBXT MSEurope US$ 5628 -289.8 -3.8 6492/5366 DBXT MSJAP US$ 4536 -111.5 -1.8 4814/4260 DBXT MSAsExJp US$ 3508 -81.3 -1.7 3808/2802 IS MS Idia S$D 975 -51.0 -5.0 1030/739 BY PERCENTAGE CLOSE DOWN 52w high/low InterraResW*****8
      79 words
    • Article
      Lock icon MOST ACTIVE
      41 13 VOLUME Keppel DC Reit 105,000,000 Mirach Energy 91,177,000 SIIC Environment 81,299,000 Golden Agri-Res 51,509,000 OLS Enterprise 43,391,000 Market volume 1,416,607,000 VALUE DBS Grp 103,266,487 Keppel DC Reit 101,455,690 SingTel 59,947,165 Keppel Corp 55,944,775 Global Logistic 51,455,202 Market value 1,081,342,000
      41 words
    • Article
      Lock icon Seek earnings, don’t rely on govt goodies in 2015: Credit Suisse
      442 13  -  By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore DO not bet too much on government goodies in Singapore’s 50th year of independence to boost the country’s challenging macro outlook, but listed stocks are cheap enough anyway to warrant bargain-hunting, Credit Suisse
      442 words
    • Article
      Lock icon STI STOCKS
      306 14 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 -3 237/232 250 206 6.1 5862 CapitaLand 329 -4 334/328 348 268 16.5 2.4 *****.1 CapitaMall Trust 201 +1.5 202/199.5 209 180 5.1 6971.3 CityDev 1005 +5 1010/991 1118 860 13.6
      306 words
    • Article
      Lock icon SGX ETFs Most Active
      107 14 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US739 -12 169 748/737 790/541 737/741 92.4 Lyxor Japan US$ US115.4 xd -0.3 100 115.5/115.4 125.5/110 115.2/115.4 18.5 UETF SSE50China 202 -2 96 206/200 217/140 200/202 63.1 DBXT CSI300 US$ US906 +6
      107 words
    • Article
      Lock icon SIBOR
      31 14 Dec 12 (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 Reuters
      31 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      789 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 8 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) AsiaMedic 11-Dec-14 Wong Weng Hong Buy 20 0.07 42 0.01 62 0.02 PACC Offshore 11-Dec-14 Pacific Carriers
      789 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 14 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 4 0 0 0 4 8 4 Manufacturing 40 39 36 6 7 8 46 46 44 Commerce 19 13 22 2 4 8 21 17 30 Tpt/Stor/Comms 17 14 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 14 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,749 14,749 74,528 74,528 Manufacturing 109,104 32,230 141,334 79,114 1,995 81,109 Commerce 51,377 11,825 63,202 64,611 660 65,271 Tpt/Stor/Comms 154,044 1,298 155,342 162,351 471 162,822 Finance 21,381 57 21,438 219,406 16 219,421 Construction 20,576 21,122
      122 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 14 Dec 12 VALUE CLOSE BT OB/OS -645.00 +69.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 -64.00 FTSE ST Mid Cap 739.37 +0.50 FTSE ST Small Cap 491.20 +1.17 FTSE ST All Share 795.81 +1.22 FTSE ST China Top 184.59 +1.14 FTSE ST China 221.51 +2.15 FTSE
      77 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      84 14 VOL CLOSE($) CHANGE Epicentre 740.0 0.147 +0.027 +22.50 Darco Water Tech 60.0 0.025 -0.013 -34.21 China Haida 211.0 0.019 -0.004 -17.39 CH Offshore 11,518.0 0.505 +0.040 +8.60 PS Group 100.0 0.148 -0.012 -7.50 ISR Capital 294.0 0.021 -0.006 -22.22 China Intl 204.0 0.037 +0.003 +8.82 BlueSkyPower 128.0 0.169
      84 words
    • Article
      Lock icon COMMODITY FUTURES
      212 15 Dec-11 Price Net change change Last Trade Agricultural Dec-11 CBOT Soybeans (US cents/bu) 1042.25 10.25 0.99% 14/01/2015 CBOT Soybean Oil (US cents/lb) 31.93 0.26 0.82% 12/12/2014 CBOT Wheat (US cents/bu) 610.25 17.00 2.87% 12/12/2014 Dec-11 LIFFE Cocoa (£/tonne) 1922.00 -77.00 -3.85% 12/12/2014 LIFFE Coffee (US$/tonne) 1938.00 -37.00 -1.87%
      212 words
    • Article
      Lock icon PALM OIL
      57 15 Dec 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2190.0 2154.0 2190.0 2165.0 283 1784 Jan 15 2182.0 2159.0 2199.0 2150.0 1103 ***** Feb 15 2199.0 2171.0 2216.0 2165.0 ***** ***** Mar 15 2200.0 2174.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      61 15 Dec 12 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.39 5-Year N*****0H 1.625 01-Oct-19 100.64 100.70 100.64 10-Year NY*****H 3.000 01-Sep-24 107.01 106.92 106.92 15-Year NY*****E 2.875 01-Jul-29 104.21 20-Year NZ*****V 3.375 01-Sep-33 110.02 30-Year NA*****N 2.750 01-Apr-42
      61 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 15 Dec 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0850 1.0861 0.8273 0.8279 Canadian dollar 1.1367 1.1375 0.8671 0.8667 Euro 1.6267 1.6275 1.2403 1.2406 NZ dollar 1.0224 1.0234 0.7796 0.7801 Sterling pound 2.0609 2.0622 1.5714 1.5719
      155 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      214 15 Most active Dec 12 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 4.2 0.4 ***** 1 18 22 China Gaoxian FibreFab W*****8 0.2 unch 4418 1 10 278 13.50 45 DBS MB eCW*****2 13.8 1.9 4396
      214 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 15 In local curr In S$ In US$ dy yr dy yr dy yr Dec 11 Index Change Change Change Change Change Change World Preliminary 1268.2 0.7 7.1 0.9 7.2 0.6 2.9 EAFE Preliminary 980.2 -0.3 2.5 -0.3 -2.8 -0.6 -6.7 Europe Preliminary 1374.9 -0.1 1.5
      373 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      2 15
      2 words
    • Article, Illustration
      Lock icon CNOOC unit launches regional HQ in Singapore
      663 16  -  A first for a China oilfield services firm here By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore TO TAP Singapore’s established marine offshore ecosystem and expand its business in South-east Asia, China Oilfield Services Limited (COSL), a subsidiary of China’s largest offshore oil gas
      663 words
    • Article
      Lock icon Falling oil prices will continue fuelling Turkish bourse: BlackRock
      709 16 Bloomberg Istanbul THE world’s biggest money manager is betting that falling oil prices will keep momentum going in Europe’s best-performing stock market. A return of 13 per cent since September on Turkey’s main stock index has beaten all global gauges bar
      Bloomberg  -  709 words
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
Page thumbnail Page 17
  • REAL ESTATE
    • Article, Illustration
      Lock icon Mortgagee sales set to rise in 2015
      726 17  -  Weak rental market and rising interest rates will make financing of properties tougher By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore MORE properties went under the hammer this year, including more mortgagee sales which consultants reckon is a sign of increased difficulties among borrowers to
      Source: Colliers International Singapore Research  -  726 words
    • Article, Illustration
      Lock icon London housing market rebound props up UK home prices
      323 17 Bloomberg London UK house prices extended their longest stretch of gains since before the financial crisis as London rebounded from a slowdown earlier in the year, according to Acadata and LSL Property Services. The average value of a home in England
      Bloomberg; PHOTO: AFP  -  323 words
    • Article
      Lock icon UK banks cut distressed commercial property debt by £14b in H1
      221 17 Bloomberg London LENDERS in the UK cut the value of their distressed commercialproperty loans by almost £14 billion (S$28.8 billion) in the first half of the year as banks repaired their balance sheets, a survey by De Montfort University
      Bloomberg  -  221 words
    • Article
      Lock icon Househunt
      1073 18 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 29 AND NOV 4, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Blue Horizon Apt 03/11/2014 99 969 1050 1084 Botannia Apt 03/11/2014 956 1572 2040
      1,073 words
Page thumbnail Page 18
Page thumbnail Page 19
  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Banks compete for China stockpickers
      561 19 Demand grows as banks woo foreign investors after the launch of Shanghai-HK Stock Connect scheme Reuters Hong Kong CHINA stockpickers are becoming hot property as global banks compete for talent capable of piercing the veil of opacity and weak governance that is deterring some investors
      Reuters; PHOTO: BLOOMBERG  -  561 words
    • Article
      Lock icon Retail investors may get to buy only top grade bonds in China
      314 19 Bloomberg Singapore REGULATORS in China are considering restricting individual investors from buying corporate bonds rated below the top grade as policymakers seek to shift away from a “too small to fail” mentality, Fitch Ratings said. China Securities Regulatory
      Bloomberg  -  314 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      259 19 Enjoy 25% off your total food and beverage bill at Man Fu Yuan! (Promotional offer is valid for dinner only) Venue: Man Fu Yuan, Level 2, InterContinental Singapore, 80 Middle Road, Singapore *****6 Tel: (65) 6825 1008 Enquiries: intercontinental.dining@ihg.com Website: intercontinental.com/singapore About Man Fu Yuan at InterContinental Singapore Man Fu
      259 words
Page thumbnail Page 20
  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Petroleum use in US waning despite record oil production
      680 20 Greater fuel efficiency, rise in renewables and changing demographics damping demand Bloomberg San Francisco THE US is producing the most oil in 31 years, economic growth is picking up and crude prices are plunging. So why is Americans’ use of petroleum
      Bloomberg; PHOTO: AFP  -  680 words
    • Article, Illustration
      Lock icon As Japan burns more coal, climate policies come under pressure
      507 20 Reuters Tokyo ONCE at the forefront of the fight against global warming, Japan is now facing calls from other big economies such as China to set fresh emissions targets as Tokyo increases its use of dirty coal energy to replace
      Reuters; PHOTO: AFP  -  507 words
Page thumbnail Page 21
  • TECHNOLOGY
    • Article
      Lock icon Cisco makes big push into data analytics
      521 21 It unveils software programs for different industries and uses as it seeks to cut reliance on proprietary hardware Bloomberg San Francisco CISCO Systems Inc has introduced data-analytics software packages that are designed to help retailers and other large companies make better use of
      Bloomberg  -  521 words
    • Article, Illustration
      Lock icon Alibaba-backed social media app Momo jumps 26% in US debut
      527 21 Bloomberg New York MOMO Inc, a Chinese social media application backed by Alibaba Group Holding Ltd, surged 26 per cent on its first day of trading in New York after raising US$216 million. The shares jumped to US$17.02 on Thursday
      Bloomberg; PHOTO: XINHUA  -  527 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      60 21 HOT PROPERTY FIRE SALE! PEBBLE Bay. 2 bdrms large patio. 1808sf. Greenery. Sell w/tenancy. $1.98M. MAKENA 1636 SQFT. 3+1 Low flr Unblocked Breezy and bright. Faces South. Only $2mil. THE MEDLEY 2+STUDY, 893 sf. Nice reno. Pool facing. Breezy, walk to MRT/ eateries $1.15M. PRIVATE APARTMENTS FOR SALE Check this
      60 words
Page thumbnail Page 22
  • CONSUMER
    • Article, Illustration
      Lock icon China among worst markets for Walmart
      549 22 Internal probe points to dubious accounting practices at its stores to meet profit targets Bloomberg Boston AFTER years of heralding China as one of its best markets, Walmart in August said its performance there was among the worst in its major countries. A management
      Bloomberg; FILE PHOTO  -  549 words
    • Article
      Lock icon Japan drugmakers feeling the heat from copycats
      424 22 Many emerging nations fail to protect IP rights WP Tokyo JAPAN’S pharmaceutical companies are struggling to do business in emerging nations due to the proliferation of copycat drugs, with a Chinese firm allegedly making a drug for Ebola that Fujifilm Holdings Corp says
      WP  -  424 words
  • Page 22 Advertisements
Page thumbnail Page 23
  • TRANSPORT
    • Article, Illustration
      Lock icon Qantas domestic, international heads out in management revamp
      499 23 But Jetstar and Qantas Loyalty CEOs will stay in their jobs and on the executive team Bloomberg Sydney QANTAS Airways Ltd executives in charge of the domestic and international full-service units will leave the company and a new chief financial officer was
      Bloomberg  -  499 words
    • Article, Illustration
      Lock icon Investments in Uber’s Indian rivals under cloud after ban
      474 23 Reuters Mumbai A BAN on online taxi services in India, following the arrest in New Delhi of an Uber driver accused of rape, has brought uncertainty to the millions of dollars of international investment pumped into Uber’s Indian rivals Ola and
      Reuters; PHOTO: REUTERS  -  474 words
    • Article
      Lock icon US truckers eye rate hike as shippers save on cheaper oil
      432 23 Bloomberg Dallas AS shippers of everything from toys to tools enjoy as much as US$24 billion in savings from lower diesel surcharges next year, trucking companies see an opening to raise freight rates at a pace not seen in
      Bloomberg  -  432 words
Page thumbnail Page 24
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China ‘may use intimidation’ to ward off more protests in HK
      824 24 Pressure feared also on academics, legislators who backed pro-democracy movement Reuters Hong Kong AS the dust settles on Hong Kong’s pro-democracy “Occupy” protests, China is likely to embark on a sweeping but covert campaign across the territory’s judiciary, media
      Reuters; PHOTO: REUTERS  -  824 words
    • Article
      Lock icon China plans 3 new free trade zones
      138 24 Reuters Beijing CHINA will set up three new free trade zones in Guangdong, Fujian and Tianjin based on experience drawn from experiments in Shanghai’s free trade zone, the Cabinet said on Friday. The new zones will be modelled on Shanghai, whose free trade
      Reuters  -  138 words
    • Article
      Lock icon Price caps imposed on 52 more essential drugs in India
      365 24 Reuters Mumbai INDIA has extended price caps on 52 drugs deemed essential by the government, including painkillers and antibiotics, the National Pharmaceutical Pricing Authority (NPPA) said in its latest move to improve the affordability of medicines. The additional drugs join
      Reuters  -  365 words
    • Article, Illustration
      Lock icon Draghi to tell EU leaders to step up reforms
      674 25 Unless there is change, boost from QE will be undermined, he fears Reuters Frankfurt THE head of the European Central Bank is set to tell European leaders in stark terms at a summit next week that they need to reform straggling
      Reuters; PHOTO: AFP  -  674 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      234 25 There are more ways to read The Straits Times 1 Read it on Print, Online, Tablet or Smartphone wherever you are at any angle. O o Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the Lenovo Yoga Tablet 2 (8") WiFi (UP. $449). PMEs
      234 words
Page thumbnail Page 26 / 27
  • OPINION
    • Article, Illustration
      Lock icon Uber’s ‘my way or the highway’ won’t fly
      867 26 / 27  -  It is necessary to balance the need to innovate and the need to have everybody play by the same rules. By Stephan Richter By Stephan Richter ~The writer is editor and publisher of The Globalist, an online portal that covers international affairs
      PHOTO: AFP  -  867 words
    • Article, Illustration
      Lock icon Low growth and the good life
      957 26 / 27  -  By Hugo Dixon REUTERS BREAKINGVIEWS IS THE good life possible without economic growth? Merely raising the question challenges the conventional contemporary wisdom that a society’s prime goal should be to boost its income continually. But it is one that the West, especially Western Europe,
      REUTERS BREAKINGVIEWS; PHOTO: BLOOMBERG  -  957 words
  • Page 26 / 27 Miscellaneous
Page thumbnail Page 28 / 29
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon PE industry change favours strongest firms
        1150 28 / 29  -  Investors such as pension funds get huge cash back and plough much of it into the industry, emboldening them to be selective and bargain for better terms with funds By William Alden NYT A SHIFT in the private equity (PE) industry is benefiting the
        NYT; PHOTO: BLOOMBERG  -  1,150 words
      • BROKERS' TAKE
        • Article
          Lock icon Pacific Radiance
          116 28 / 29 BUY UOB Kay Hian Research Dec 12 Dec 12 close: S$0.765 WITH Pacific Radiance’s experienced OSV-operator management and share price halved from its peak, it is now our top stock pick in the offshore support vessel (OSV) owner segment. Our sensitivity analysis of one-year forward price-to-book ratio suggests
          116 words
        • Article
          Lock icon Cogent Holdings
          127 28 / 29 BUY Phillip Securities Research Dec 12 Dec 12 close: S$0.360 THE new Cogent 1. Logistics Hub is scheduled to be completed by the end of 2014. Partial TOP (temporary occupation permit) has been granted for the first four of five floors of warehouse. The final TOP for remaining
          127 words
        • Article
          Lock icon PACC Offshore Services Holdings
          190 28 / 29  -  Compiled by Teh Shi Ning HOLD DBS Group Research Dec 12 Dec 12 close: S$0.53 WITH Brent crude falling below US$70 per barrel, we believe the medium-term outlook has become more cloudy now, with several oil majors and rig owners cutting capital expenditure plans, reducing dividends
          190 words
      • Article, Illustration
        Lock icon Many learning opportunities missed
        1290 30  -  We have been misreading the lessons from financial crises since the late 1970s By Floyd Norris NYT WALTERLippmannsaid in 1933: “There are good crises and there are bad crises. Every crisis breaks a deadlock and sets events in motion. It is either a disaster or an
        NYT; BLOOMBERG  -  1,290 words
Page thumbnail Page 30
Page thumbnail Page 31
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Music streaming tipped to hit new markets
      750 31 Growth areas will include China, India and Indonesia, where streaming could catch on with the middle class said.AFP New York STREAMING has rapidly transformed pop music’s landscape but even more dramatic changes could be in store as companies eye the vast, barely touched
      said.AFP; PHOTO: AFP  -  750 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      340 31 CRYPTIC CROSSWORD Across 1 Field a defender primarily to eliminate top football team (4,6) 6 Little woman to take gamble with husband (4) 10 Channel flowing over a gold coin once (5) 11 Canal worker receiving benefit including one engaged by King George (9) 12 Disease caught by artist drawing
      340 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      43 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN PINK GOLD. SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AL ROY THE SHOPPES AT MARINA BAY SANDS CANAL LEVEL B2-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
      43 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      59 1 LivingBTTHE BUSINESS TIMES WEEKEND DECEMBER 13 14 2014 STYLE Pioneer in Paris, Kenzo Takada L5 LAP OF LUXURY Raising the bar in luxe decor L2-4 CHRISTMAS Sweet yuletide treats L8-9 PHOTO: XTRA DINING Foreign F&B concepts head here L10-11 TRAVEL Ritz Carlton Kyoto's bespoke tours L12 MOTORING Renault and Merc
      59 words
Page thumbnail Page 2 / 3
  • BT Living
    • Article, Illustration
      Lock icon STYLE TO THE MAX
      1433 2 / 3  -  TONew entrant to the high-end furniture scene, Macsk, raises the bar with marquee names. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT THERE is a new luxury furniture store in town, and it comes with an oddly spelt name Macsk. You would think it
      PHOTOS: LASVIT, ARMANI/DADA, FENDI CASA; PHOTOS: JOSEPH NAIR, OLUCE; PHOTOS: MACSK  -  1,433 words
    • Article, Illustration
      Lock icon LAP OF LUXURY
      559 4  -  Sold on the value of high-end furniture? Here are some options to consider By Tay Suan Chiang Float for Sancal S$10,073, from Dream, 456 River Valley Road Float, by Karim Rashid, is a contemporary couch designed for multiple purposes. This slim, floating seat with incorporated back wall
      559 words
    • STYLE
      • Article, Illustration
        Lock icon A Japanese pioneer in Paris
        1197 5  -  Breaking boundaries and having a sense of adventure is key to creative success, according to fashion legend Kenzo Takada. By May Yip WEARING his signature sunglasses, framing a barely lined face and a debonair streak of white in his hair, Kenzo Takada is the consummate
        PHOTOS: AFP, KENZO  -  1,197 words
    • CHRISTMAS
      • Article, Illustration
        Lock icon Home for Christmas
        1177 6 / 7  -  Deck the halls in festive style with tips and treats from industry players and home decor stylists. By Tay Suan Chiang and May By Tay Suan Chiang, May Yip taysc@sph.com.sg @TaySuanChiangBT CHRISTMAS is less than two weeks away, but don’t fret if you haven’t got any boughs
        PHOTOS: WORD OF MOUTH, DESIGN INTERVENTION, IKEA, TANGS, STYLODECO, CLUB 21  -  1,177 words
      • Article, Illustration
        Lock icon Sweet yuletide treats
        2020 8 / 9  -  Choose from show-stopping log cakes, decadent chocolate confectionery, and a carnival of sweets to feast on this holiday resistance is futile. By Tiong Li Cheng By Tiong Li Cheng Additional reporting By Jaime Ee jaime@sph.com.sg Avant-garde Christmas cakes AWARD-WINNING pastry chef Janice Wong is back this season
        ANDALLTHINGSDELICIOUS PHOTO: CJ SAMEER WADHWA  -  2,020 words
    • TRAVEL
      • Article, Illustration
        Lock icon Kyoto’s storied charms
        952 10 / 11  -  The ancient city of Kyoto offers travellers a rare glimpse into Japan’s history. By Jaime Ee By Jaime Ee jaime@sph.com.sg @JaimeEeBT KYOTO, as anyone who has ever visited the former capital of Japan can attest to, is not an easy nut to crack. Unlike Tokyo, which bares
        PHOTOS: JAIME EE, RITZ-CARLTON KYOTO  -  952 words
    • DINING
      • Article, Illustration
        Lock icon New tastes in the neighbourhood
        1025 12  -  Two UK-based names make their first forays into Singapore’s competitive F&B scene. By Tiong Li Cheng By Tiong Li Cheng Layalina Privee MENTION Lebanese cuisine and the options you can find in Singapore are limited to casual shawarma kiosks and restaurants that bill themselves as
        1,025 words
    • HEALTH
      • Article, Illustration
        Lock icon Better to prevent than treat
        1434 13  -  Only 10% of people with out-of-hospital cardiac arrest live for up to a year Michael Lim ~Dr Lim is the medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia, a journal of the British Medical Journal Publishing Group; he
        PHOTO: FREEIMAGES  -  1,434 words
    • MOTORING
      • Article, Illustration
        Lock icon On the right Line
        614 14  -  The Renault Megane GT-Line gets a chassis tuned by Renault Sport. By Samuel Ee samuelee@sph.com.sg RENAULT models have become a lot more interesting lately. First, there was the Captur. Now, there is the Megane GT-Line. Unlike the cool Captur, the Renault Megane GT-Line looks like a
        614 words
      • Article, Illustration
        Lock icon AUTONOMERC MOBILITY
        768 15  -  Mercedes-Benz is testing its autonomous car on Californian roads. By Samuel Ee samuelee@sph.com.sg WILL a cactus falling in the desert make a sound if there’s no one to hear it? Does an autonomous car need a steering wheel if nobody is driving it? The second may not actually
        768 words
    • GOLF
      • Article, Illustration
        Lock icon Something for the golfer
        938 16  -  Add to your Christmas list these 8 items for aficionados of the sport. By Justine Moss WITH Christmas less than two weeks away, it’s time to hit the shops and check out the new golf equipment, apparel and accessories for stocking fillers or under the tree.
        938 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6 / 7
Page thumbnail Page 8 / 9
Page thumbnail Page 10 / 11
  • Page 10 / 11 Advertisements
    • Advertisement
      Lock icon Page 10 / 11 Advertisements Column 1
      94 10 / 11 Win a pair of Business Class tickets to Tokyo on ANA! Download the BTLuxe app on iPad and answer the following questions: 45What is Rene Redzepi doing in the first photo of the story ‘Tokyo or Bust’ in the BTLuxe iPad App? 45With ANA, Japan’s only 5-Star airline, how many
      94 words
    • Advertisement
      Lock icon Page 10 / 11 Advertisements Column 2
      882 10 / 11 EXPERIENCE THE NEW LUXURY BTLuxe Christmas 2014. In print and onyour iPad. Download it now for free at the App Store Luxe wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z 6845-1111 Merrificent Christmas Buffet AquaMarine adds more magnitude to the buffet spread for your festive dining
      882 words
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
  • Page 16 Advertisements