The Business Times, 15 November 2014

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Microfilm: NL33296
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    21 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g NOVEMBER 15-16, 2014 S$1.00| S$1.00| MCI (P) 052/08/2014 Sph A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article
    Lock icon Silicon Valley still a draw for Singapore startups
    1146 1  -  But govt support and having a location-specific business are persuading some entrepreneurs to start up at home By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore BILLIONS of dollars have been channelled into moulding Singapore into what the Wall Street Journal touts as “South-east
    1,146 words
  • Article
    Lock icon Malaysia’s economy grows 5.6% in Q3
    546 1  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur PRIVATE consumption and investment activities continued to drive Malaysia’s economy, which in the third quarter grew 5.6 per cent, putting it on track to chart full-year growth of 5.5-6 per cent. The country’s gross domestic product (GDP) had
    546 words
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      Lock icon Page 1 Advertisements Column 1
      64 1 the business www. DINING Tech app-etisers |L6-7 COMPANIES Olam Q1 profit dips 2.9% 10 the raffles conversation LAWRENCE PATRICK, CEO OF JOHNS HOPKINS SINGAPORE 8-9 45Starting up: More reports, Page 6 LIVING New hotel brands eye Asia L2-4 w. Mi m y (y Depuis 1775 Classique Chronometrie 7727 BREGUET BOUTIQUE
      64 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,315.67 (+10.74) GSTI FUTURES 3,314.00 (+11.00) GSIMSCI 373.81 (+1.03) GSIMSCI FUTURES 374.30 (+0.40) STOCKS Friday Change KL COMP 1,813.79 -2.02 NIKKEI 225 17,490.83 +98.04 HANG SENG 24,087.38 +67.44 SET 1,575.88 -1.33 JAKARTA 5,049.49 +0.82 MANILA 7,217.34 +18.71 KOSPI 1,945.14 -15.37 SHENZHEN B 969.84 +0.43 MUMBAI IND 28,046.66 +106.02
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.279 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.296 (US$/S$ per 1.568 2.033 EURO (US$/S$/€ 1.245 1.614 Foreign currency per US$ S$ YEN 116.30 89.70 RM 3.346 2.581 HK$ 7.755 5.982 BAHT 32.87 25.35 RUPIAH 12,214 9,421 RENMINBI 6.130 4.728 INDIAN RUPEE 61.63 47.54 A$ 1.150 0.887 NZ$ 1.273 0.982
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    • Article, Illustration
      Lock icon G20 ‘needs to get global economy growing again’
      541 2  -  SBF chief calls for structural reforms that instil confidence in business communities By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Brisbane THE private sector is the chief driver of growth in the economies of the world, and it is the duty of government leaders to
      PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  541 words
    • Article
      Lock icon Government fines MBS $197,500 and RWS $20,000
      445 2  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore MARINA Bay Sands (MBS) and Resorts World Sentosa (RWS) have been fined S$197,500 and S$20,000 respectively by the Casino Regulatory Authority of Singapore (CRA) for breaches such as allowing excluded persons, minors and people without valid entry
      445 words
    • Article
      Lock icon September retail sales up 5.5%, buoyed only by vehicle sales
      470 3  -  Otherwise muted uptick linked to lower tourist spending, knock-on effects of property cooling measures By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore DRIVEN by sales of motor vehicles, retail sales grew 5.5 per cent year on year in September, without which they
      470 words
    • Article
      Lock icon China unveils tax breaks for HK-Shanghai stock link
      296 4 Reuters Shanghai CHINA will temporarily exempt taxes on profits made from a landmark scheme linking the Shanghai and Hong Kong stock exchanges, the finance ministry said on Friday, removing a potential stumbling block for global investors eager to directly buy Chinese stocks
      Reuters  -  296 words
    • Article
      Lock icon Test of stock link rests with investors on both sides
      689 4  -  Early success will be seen in vanishing price gap By Peter Thal Larsen fefl REUTERS BREAKINGVIEWS HONG KONG and Shanghai are about to link their stock markets. While it has taken years of debate and several false starts, the hook-up
      fefl REUTERS BREAKINGVIEWS  -  689 words
    • Article, Illustration
      Lock icon OW Bunker units file Chapter 11 petitions
      496 5 The 3 subsidiaries listed assets of US$50m against debt of US$100m Bloomberg New York THREE US units of OW Bunker, the Danish shipping-fuel supplier that went from a US$1 billion valuation after its initial public offering in March to bankruptcy last week, sought
      Bloomberg; PHOTO: AFP  -  496 words
    • Article, Illustration
      Lock icon Thio Shen Yi elected Lawsoc president
      408 5  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore WELL-KNOWN corporate litigator Thio Shen Yi has been elected president of the Law Society of Singapore (Lawsoc), the body representing all lawyers here, replacing incumbent Lok Vi Ming, who steps down at the end of this year. Mr
      408 words
    • Article
      Lock icon SSA, MPA confirm no bunker disruption in wake of fraud at OW
      431 5  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Singapore Shipping Association (SSA) has joined the Maritime and Port Authority of Singapore (MPA) in confirming that there has been no disruption to bunker supply and bunkering operations in Singapore. This
      431 words
    • Article, Illustration
      Lock icon Tech innovators enticed by Silicon Valley
      605 6  -  Co-founder of startup Appsverse explains why he broke his Singapore govt bond STARTING UP By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore WHEN Lawrence Suen first met Fai Leong in the 1990s, they were both Singapore government scholars studying at Cornell University. Both later broke
      605 words
    • Article, Illustration
      Lock icon Harvard student on a mission to save lives
      710 6  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SINGAPORE-BORN Yew HannShuin graduated from Harvard University in 2010 with a bachelor’s degree in molecular cell biology, pretty certain that she didn’t want to do research for the rest of her life. Pure research changed
      710 words
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      Lock icon Page 2 Advertisements Column 1
      55 2 CONTENTS LIVING NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 18 Energy Commoditi`es 20 Technology 21 Consumer 22 Transport 23 Govt Economy 24-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Cover Story L2-4 Style L5 Dining L6-9 Home Garden L10-11 Design L12 Health
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      Lock icon Page 3 Advertisements Column 1
      31 3 2 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars?
      31 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      171 4 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 season
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      34 5 Shop ONLINE www.oaks.com.sg It's A 'Discovery! A legendary Cognac packed in a gorgeous Baccarat decanter... Louis XIII Remy de Martin Grande Champagne Cognac Singapore Usual: S$4,500.00 wine shop Now: S$3,600.00 oak s Ml fast
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Mission-driven healthcare
      2116 8 / 9  -  From a two-bed clinical trials unit in 2000 to seeing nearly 30,000 cancer patients a year, Johns Hopkins Singapore, helmed by CEO Lawrence Patrick, now seeks a wider role beyond oncology in Singapore healthcare. By Nisha Ramchandani By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT LAWRENCE Patrick, the chief executive of
      PHOTO: ARTHUR LEE  -  2,116 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Olam Q1 profit dips 2.9% to S$44.3m
      487 10  -  Group stays ‘cautiously optimistic’ about full-year outlook By Andrea Soh sandrea@sph.com.sg @AndreaSohBT OLAM International’s first-quar-ter net profit fell 2.9 per cent to S$44.3 million, as the company got caught out by drastic price movements in hazelnuts and the dairy business, and challenges in
      487 words
    • Article
      Lock icon Sale of unit, forex gains lift Tat Hong’s Q2 profit
      444 10  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore CRANE rental company Tat Hong Holdings reported a net profit of S$11.5 million for its second quarter ended Sept 30, 2014, up 39 per cent from S$8.2 million a year ago. However, the numbers
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    • Business briefing
      • Article
        Lock icon Oxley Q1 profit down 96% on revenue plunge
        58 10 OXLEY Holdings’ Q1 net profit fell 96 per cent to S$10.1 million, on the back of a steep 82 per cent drop in revenue to S$120.3 million. The revenue recognition from 11 mixed-residen-tial projects was based on the percentage of completion method
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      • Article
        Lock icon Wheelock Properties’ Q3 revenue, earnings fall
        65 10 WHEELOCK Properties’ Q3 net profit fell 7.2 per cent to S$11 million, while revenue fell 17.4 per cent to S$22.8 million, due to slower revenue recognised from Ardmore Three based on its construction progress. The group also received lower dividend income from its investments
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      • Article
        Lock icon Cordlife’s Q1 hit by fair-value loss
        42 10 CORDLIFE Group has posted a S$3.6 million Q1 loss, versus a net profit of S$8.7 million a year ago mainly due to a S$4.9 million fair value loss on its investment in China Cord Blood Corporation.
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      • Article
        Lock icon Yongnam Q3 loss deepens to S$8.4m
        52 10 YONGNAM Holdings has deepened its Q3 net losses to S$8.4 million, from S$3.4 million a year ago. The engineering and construction firm’s revenue about halved to S$47.3 million, after the completion of major projects such as the Marina Coastal Expressway contracts and the Singapore
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    • Article
      Lock icon Higher revenue and gross margin boost United Engineers’ Q3 bottom line
      280 10  -  By Michelle Quah michquah@sph.com.sg @MichelleQuahBT Singapore UNITED Engineers reported a 7 per cent increase in third-quarter revenue, thanks to progressive revenue recognition of the sale of its Eight Riversuites condominium development. Its topline rose to S$786.3 mil- lion for
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    • Article, Illustration
      Lock icon Week when UOB, DBS swings dictate STI moves
      641 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent Disappointing results reported by Genting Singapore, a takeover offer for water treatment firm United Envirotech Ltd (UEL), heavy trading of the banks, criticisms of the quality of the local market and the Singapore Exchange’s reply
      641 words
    • Article
      Lock icon GAINERS
      76 11 BY CENTS CLOSE UP 52w high/low DBXT iBoxxUSTr US$ ***** 66.1 0.2 *****/***** DBXT iBoxxSvEu US$ ***** 40.2 0.1 *****/***** DBXT MSTHAI US$ 2145 36.3 1.3 2222/1620 CIMBASEAN40 S$D 1368 24.0 1.8 1397/1222 DBS Grp 1971 21.0 1.1 1977/1565 BY PERCENTAGE CLOSE UP 52w high/low Cedar Strategic 0.3 50.0
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    • Article
      Lock icon LOSERS
      78 11 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty US$ ***** -178.8 -1.0 *****/9759 DBXT AUDCS US$ ***** -110.2 -0.4 *****/***** GLD US$ ***** -99.8 -0.7 *****/***** DBXT MSKorea US$ 5616 -94.6 -1.3 6735/5616 SPDR S&P500 US$ ***** -86.8 -0.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low NKY *****MBePW*****2 3.3
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    • Article
      Lock icon MOST ACTIVE
      37 11 VOLUME Memstar Tech 189,334,000 OLS Enterprise 135,407,000 SIIC Environment 108,343,000 Golden Agri-Res 77,982,000 Equation 71,831,000 Market volume 1,734,092,000 VALUE SingTel 95,209,305 Keppel Corp 80,458,210 DBS Grp 61,194,670 CapitaLand 41,479,780 Global Logistic 38,117,940 Market value 1,057,347,000
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    • Article
      Lock icon Dormitory demand drives Centurion’s Q3 net profit up 47%
      613 11  -  By Angela Tan angelat@sph.com.sg Singapore CENTURION Corporation, which is in the dormitory business, reported on Friday a 47 per cent growth in net profit to S$7.92 million for the third quarter ended Sept 30, 2014, compared with S$5.39 million a year
      613 words
    • Article
      Lock icon STI STOCKS
      309 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 229 +2 230/227 250 206 6.2 5786.2 CapitaLand 325 +3 327/316 348 268 16.3 2.5 *****.9 CapitaMall Trust 197 +0.5 198/196.5 209 180 5.2 6832.5 CityDev 951 -2 952/947 1118 860 12.9
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    • Article
      Lock icon SGX ETFs Most Active
      109 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US767 -3 637 773/767 779/541 767/770 95.9 UETF SSE50China 171 +1 202 171/168 171/140 170/171 53.4 Lyxor Asia US$ US506 -1 80 506/505 543/450 506/508 73.9 DBXT MSAXJHDY US$ US181.4 -0.4 33
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    • Article
      Lock icon SIBOR
      31 12 Nov 14 (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
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      787 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 10 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Avi-Tech Electronics 13-Nov-14 Lim Eng Hong *Buy 1 0.06 ***** 24.01 ***** 24.01 SHS Holdings 13-Nov-14 Ng
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 5 0 0 0 4 6 5 Manufacturing 38 50 30 8 14 5 46 64 35 Commerce 17 23 18 4 5 5 21 28 23 Tpt/Stor/Comms 16 13 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,850 24,850 134,969 134,969 Manufacturing 341,537 124,022 465,559 95,819 2,533 98,351 Commerce 63,060 32,698 95,758 57,084 2,244 59,328 Tpt/Stor/Comms 79,650 1,950 81,600 164,445 742 165,187 Finance 14,868 229 15,097 154,505 47 154,552 Construction 27,822 28,526
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Nov 14 VALUE CLOSE BT OB/OS -270.00 -259.00 BT CADI -*****.00 -34.00 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 748.69 -0.32 FTSE ST Small Cap 517.93 -1.29 FTSE ST All Share 798.50 +1.82 FTSE ST China Top 192.17 +0.43 FTSE ST China 225.53 +0.69 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 12 VOL CLOSE($) CHANGE Memstar Tech 189,334 0.016 +0.004 +33.33 Koda 840.0 0.099 +0.017 +20.73 Eastern 1,382.0 0.360 +0.055 +18.03 Equation 71,831.0 0.006 +0.001 +20.00 Plato Capital 103.0 0.185 +0.014 +8.19 EuNetworks 643.0 0.875 +0.120 +15.89 China Gaoxian 10,273.0 0.029 -0.006 -17.14 China Essence^ 320.0 0.006 -0.008 -57.14 CCFH
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    • Article
      Lock icon COMMODITY FUTURES
      212 13 Nov-13 Price Net change change Last Trade Agricultural Nov-13 CBOT Soybeans (US cents/bu) 1050.50 2.25 0.21% 14/11/2014 CBOT Soybean Oil (US cents/lb) 32.07 -0.15 -0.47% 12/12/2014 CBOT Wheat (US cents/bu) 553.75 11.00 2.03% 12/12/2014 Nov-13 LIFFE Cocoa (£/tonne) 1889.00 -13.00 -0.68% 12/12/2014 LIFFE Coffee (US$/tonne) 2075.00 37.00 1.82%
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    • Article
      Lock icon PALM OIL
      53 13 Nov 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2191.0 346 Dec 14 2216.0 2188.0 2220.0 2187.0 1222 ***** Jan 15 2228.0 2204.0 2233.0 2199.0 ***** ***** Feb 15 2236.0 2215.0 2243.0 2208.0 7764 *****
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    • Article
      Lock icon GOVERNMENT SECURITIES
      61 13 Nov 14 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.78 5-Year N*****0H 1.625 01-Oct-19 100.56 100.66 100.63 10-Year NY*****H 3.000 01-Sep-24 105.91 15-Year NY*****E 2.875 01-Jul-29 102.31 102.30 102.29 20-Year NZ*****V 3.375 01-Sep-33 107.81 30-Year NA*****N 2.750 01-Apr-42
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Nov 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1266 1.1278 0.8693 0.8696 Canadian dollar 1.1391 1.1403 0.8793 0.8790 Euro 1.6136 1.6152 1.2451 1.2454 NZ dollar 1.0181 1.0195 0.7856 0.7861 Sterling pound 2.0315 2.0337 1.5675 1.5681
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      214 13 Most active Nov 14 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.4 0.1 ***** 1 1 8 3.25 33 DBS MB eCW*****2 12.4 0.7 5960 0.1 0 7 Innopac Holdings W*****0 0.2 -0.1 5209 1
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Nov 13 Index Change Change Change Change Change Change World Preliminary 1264.4 0.1 6.7 0.1 5.5 0.0 3.2 EAFE Preliminary 978.4 0.5 2.3 0.4 -3.3 0.2 -5.4 Europe Preliminary 1363.4 0.4 0.6
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article
      Lock icon ThaiBev Q3 net profit 9% lower at 3.72b baht
      308 14  -  Revenue up as slide in spirits business was offset by other segments By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THAI Beverage Public Company’s net profit for the three months to September dipped 9 per cent to 3.72 billion baht (S$147 million) from
      308 words
    • Article
      Lock icon More aquarium visitors boost Straco’s Q3
      325 14  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TOURISM operator Straco Corporation reported a net profit of S$19.5 million for the three months ended Sept 30, 2014, up 28 per cent from S$15.2 million a year ago. Revenue rose 26 per cent to S$38.6 million, from
      325 words
    • Article
      Lock icon Otto Q3 profit halved on lower one-time gains
      160 14  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore OFFSHORE marine firm Otto Marine’s net profit was about halved from US$4.12 million to US$2.02 million for the third quarter ended Sept 30 as one-time gains saw a sharp drop. This was despite revenue ris- ing
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    • Article
      Lock icon 701Search, Myriad tie up on Indonesia, Thailand online classifieds
      372 14  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Press Holdings’ (SPH) associated company 701Search is partnering Nether-lands-based Myriad International Holdings to develop their online classifieds businesses in Indonesia and Thailand. Myriad is a subsidiary of Naspers while 701Search is held equally by
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    • Article
      Lock icon Credence Partners acquires Fassler Gourmet
      247 14  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINGAPORE-based private equity firm Credence Partners has acquired Fassler Gourmet, through Credence Fund II. Fassler Gourmet specialises in seasoning, smoking, slicing, and packing salmon and ocean trout as well as other game fishes. The company is said to be
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Norway oil fund to enter Asian real estate market
      738 15 And it says it’s targeting an investment horizon of ‘forever’ Reuters Oslo TARGETING an investment horizon of “forever”, Norway’s US$860 billion oil fund plans to enter the Asian real estate market next year and aims to broaden its asset range to
      Reuters; PHOTO: BLOOMBERG  -  738 words
    • Article
      Lock icon State-backed developers moving into Guangzhou
      650 15 Reuters Hong Kong CHINA’S state-backed developers are making unprecedented investments in Guangzhou, as the private firms that dominated the wealthy southern city for decades grapple with tight liquidity and Beijing’s crackdown on corruption. The waning fortunes of the “Guangzhou Five Tigers” the city’s big private
      Reuters  -  650 words
    • Article
      Lock icon Househunt
      1031 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 1 AND OCT 7, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Blue Horizon Apt 03/10/2014 99 1163 1280 1101 Carabelle Apt 03/10/2014 103 1399 1780
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      475 17 All prices are inclusive of GST £-C&S Ss ii 3 Ii ms Register Now stand to win an IPHONE 6 Ii:;;: s ■77Z 77; iftE "Terms Conditions apply r SgS I WHY ATTEND? "Terms and Conditions apply Strategies To Grow and Protect Your Property Investments With the likely increase in
      475 words
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  • BANKING & FINANCE
    • Article
      Lock icon Jakarta sharpens Islamic finance supervision
      430 18 Market regulator’s agreement with Syariah board goes for preferred centralised approach Reuters Jakarta INDONESIA’S capital-market regulator has signed an agreement with the country’s national Syariah board to strengthen supervision of the Islamic finance industry, supporting a centralised approach being favoured elsewhere around the globe. A
      Reuters  -  430 words
    • Article, Illustration
      Lock icon Morgan Stanley to defer more bonus pay for brokers
      411 18 Reuters New York MORGAN Stanley, the world’s largest brokerage firm, fired the first shot in Wall Street’s pay formula wars by telling brokers more of their pay will be deferred in 2015 than in the past. The firm’s 16,000-plus brokers, who
      Reuters; PHOTO: REUTERS  -  411 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      56 18 HOT PROPERTY UNBLOCK VIEW. BALLOTA Pk ,$1.0xM ,FH, 1312 sf, spacious rms, Bright Breezy, #2. MELVILLE PK 1076 sf 2 rms, spacious living, renovated, f/facilities, Simei MRT. $7xxK. TROPICAL SPRING/ MODENA 2/3rms 969/ 1528sf x 2 Reno. Nice! neg. Serious seller. APARTMENTS FOR SALE! Check this and many other properties
      56 words
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      Lock icon Page 19 Advertisements Column 1
      42 19 im m Listen to a song? W si Get the hottest news! Scan the QR code now to view the latest videos on zaobao.sg iVk Catch ZB Keywords, a daily 3-minute video news series. You'll enjoy the light-hearted >Nong'NoonHonS L1ANHE ZAOBAO zaobao.sg
      42 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Oil majors praise Indonesia’s new investment tack
      420 20 Jakarta focuses on bureaucracy, problem areas Reuters Jakarta EFFORTS by Indonesia’s new administration to attract investment to the country’s troubled energy sector are being viewed favourably by energy giants Exxon Mobil and Chevron. Graft and regulatory, legal and contractual uncertainties have undermined energy
      Reuters  -  420 words
    • Article, Illustration
      Lock icon 518b baht lost under Yingluck’s rice subsidy scheme: finance ministry
      267 20 Reuters Bangkok A RICE subsidy scheme introduced by Thailand’s ousted prime minister Yingluck Shinawatra was found to have lost 518 billion baht (S$20.5 billion), the finance ministry said. The scheme, which paid farmers above-market rates for their crop, helped bring
      Reuters; PHOTO: REUTERS  -  267 words
    • Article, Illustration
      Lock icon Oil field service giants Halliburton, Baker Hughes in merger talks
      395 20 NYT New York HALLIBURTON is in talks to buy Baker Hughes, a potential acquisition that would unite two of the biggest oil field service providers in what would be one of the largest energy deals in years, Baker Hughes confirmed.
      NYT; PHOTO: BLOOMBERG  -  395 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Twitter gets junk rating from S&P on financial outlook
      384 21 Bloomberg New York TWITTER Inc, which has been under pressure because of slowing user growth and management turnover, was given a spec-ulative-grade credit by Standard Poor’s (S&P). The company and its US$1.8 billion of convertible notes were given a rating of
      Bloomberg; PHOTO: REUTERS  -  384 words
    • Article
      Lock icon US spying on cellphones from the sky: report
      371 21 Aim is to detect handsets associated with criminals or those suspected of crimes AFP San Francisco US justice officials are scooping up mobile phone data from unwitting Americans as part of a sophisticated airborne surveillance programme designed to catch criminals, according to
      AFP  -  371 words
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      232 21 Subscribe Now, Unbox Your Very Own Dell Laptop. Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the Dell Vostro 5470. only $59.90/i /month Available to UOB and Citibank Credit Card holders only Sleek brushed aluminum build just 19mm slim and weighing 1.5kg allowing for
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  • CONSUMER
    • Article, Illustration
      Lock icon Berkshire to buy P&G’s Duracell in stock swap
      493 22 Warren Buffett’s firm will turn over US$4.7b of P&G shares it holds Bloomberg New York BERKSHIRE Hathaway Inc has agreed to buy the Duracell battery business from Procter Gamble Co (P&G) in a stock swap as chairman Warren Buffett narrows his company’s
      Bloomberg  -  493 words
    • Article
      Lock icon After Amazon vs Hachette, next rift may be authors vs publishers
      349 22 Bloomberg San Francisco NOW that the dispute between Amazon.com and Hachette Book Group has ended, the next disagreement may pit authors against publishers over how to share e-book revenue. Writers who stood by Hachette through the Amazon negotiations over
      Bloomberg  -  349 words
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      79 22 NOW YOU CAN STOP WORRYING ABOUT BEm CHARGES E R P 4 Find properties near your workplace on www.ST .sg r.i)l HjKtJrTJBLISntK- 001/1 EPPY snE Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 BEST CLASSIFIED WEBSITE with over 1 million unique monthly visitors SILVER WINNER Silver at
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  • TRANSPORT
    • Article, Illustration
      Lock icon Lion Air plans IPO in 2016 to fund new airport
      817 23 Group seeks to secure growth by focusing more on airport projects Reuters Paris INDONESIA’S Lion Group is pushing forward with revived plans for a 2016 initial public offering now designed to fund an airport vital to securing its growth, chief
      Reuters; PHOTO: REUTERS  -  817 words
    • Article
      Lock icon Airlines to mine customer data in marketing drive
      300 23 Reuters Berlin AIRLINES are waking up to the possibilities offered by the reams of customer data they have on file and will use this to make more targeted offers in the future, two of the world’s largest carriers said. “The airlines know
      Reuters  -  300 words
    • Article
      Lock icon Car manufacturers agree on measures to secure data generated by vehicles
      399 23 Reuters Boston TWO US-based groups representing some of the world’s biggest carmakers have agreed on privacy standards for securing vast quantities of data generated by the dozens of tiny computers and tracking systems used in modern vehicles. “Automakers pledge
      Reuters  -  399 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Sales tax hike, snap poll put Abe in a bind
      690 24  -  Tokyo markets on edge as his decisions could dictate direction By Anthony Rowley btworld@sph.com.sg Tokyo SPECULATION and confusion continued to swirl in Tokyo’s financial markets on Friday over whether Prime Minister Shinzo Abe would call a snap general election upon
      PHOTO: BLOOMBERG  -  690 words
    • Article
      Lock icon HK student leaders plan Beijing visit
      305 24 Reuters Hong Kong THREE Hong Kong student leaders plan to take their fight for greater democracy to Beijing on Saturday as frustration grows over the city government’s inability to negotiate on electoral reforms in the former British colony. Protesters have occupied some of Chinese-controlled
      Reuters  -  305 words
    • Article, Illustration
      Lock icon Eurozone growth improves marginally in Q3
      453 25 German, French rebound and Greek revival helping euro area’s recovery Bloomberg Vienna THE euro-area economy grew faster than analysts forecast in the third quarter as Germany and France rebounded and Greece showed some signs of revival. Gross domestic product (GDP) increased 0.2 per cent
      Bloomberg; PHOTO: BLOOMBERG  -  453 words
    • Article, Illustration
      Lock icon Bank crisis reforms largely done: FSB chairman
      394 25 Reuters London THE job of fixing flaws that led to the 2007-09 financial crisis is largely done and the focus will turn to spotting new risks and rebuilding trust among regulators, a global watchdog set up by the Group of 20 (G-20) leading
      Reuters; PHOTO: BLOOMBERG  -  394 words
    • Article
      Lock icon Strong October retail sales point to spending zeal
      329 25 LATEST US DATA Reuters Washington US retailers reported strong sales in October, a sign American consumers were spending with more gusto and could help keep the economy growing at a brisk pace. Consumer sentiment was also up to a seven-year high. US
      Reuters  -  329 words
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  • OPINION
    • Article, Illustration
      Lock icon Better studies on prejudice needed
      1402 26 / 27  -  It is only when discrimination is understood correctly can solutions be devised. By Nitin Pangarkar, Natasha Pangarkar ~Nitin Pangarkar is associate professor of strategy policy at the National University of Singapore Business School, while Natasha Pangarkar is a student at Williams College in Williamstown, Massachusetts
      PHOTO: AFP  -  1,402 words
    • Article
      Lock icon G-20 Brisbane Summit to mark a year of action
      863 26 / 27  -  By Tony Abbott ~The writer is Prime Minister of Australia ALMOST a year ago, when Australia assumed the presidency of the G-20, I said that the world needed less talk and more action. The arrival of leaders in Brisbane this weekend
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  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Falling oil prices = merrier X’mas
        1171 28 / 29  - Falling oil prices merrier X’mas The US economy will receive a multibillion-dollar boost through the holiday season and into next year as Americans consumers get to spend more. By Nelson Schwartz, Clifford Krauss and Dionne Searcey By Nelson Schwartz, Clifford Krauss, Dionne Searcey NYT New York AMERICAN consumers are going
        NYT; PHOTO: BLOOMBERG  -  1,171 words
      • Article, Illustration
        Lock icon UK report raises questions on currency trading
        719 28 / 29 Reuters London AN independent report into the Bank of England’s (BOE) role in the global currency market has raised questions about the relationship between commercial bank dealers and brokers for the first time since regulators began investigating trading practices. The report of an
        Reuters; PHOTO: REUTERS  -  719 words
      • BROKERS’ TAKE
        • Article
          Lock icon Fraser & Neave
          137 28 / 29 Fraser Neave Hold CIMB Research Nov 13 Nov 14 close: S$2.96 Target price: S$2.98 AFTER an impressive Q3 led by Myanmar beer, Q4 looked decidedly soft. We get the sense that Q4 was a seasonally slower quarter, made to look uglier only because of aggressive selling, general and administrative expenses.
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        • Article
          Lock icon Centurion Corporation
          113 28 / 29 Buy DMG Partners Research Nov 14 Nov 14 close: S$0.54 Target price: S$0.89 AS CENTURION’S Q3 2014 revenue rose 46 per cent to S$20.9 million and net profit after tax surged 49 per cent year on year to S$7.9 million, we maintain “buy” with our discounted cash flow
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        • Article
          Lock icon China Sunsine
          154 28 / 29  -  Compiled by Cai Haoxiang Buy AmFraser Research Nov 14 Nov 14 close: S$0.445 Target price: S$0.69 Q3 2014 blows past expectations. Key variance from our projections came from higher than expected rubber accelerator (RA) sales volume, lower than expected raw material costs, depreciation and tax. Target price unchanged
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      • Article
        Lock icon Manulife’s Q3 profit up 6.4% at C$1.1b
        218 30 Reuters Toronto MANULIFE Financial Corp reported slightly low-er-than-expected third-quarter earnings on Thursday as weaker Canadian and US insurance and wealth management sales offset strong growth in Asia. Manulife, Canada’s largest insurer, earns the bulk of its profit in North America but also has
        Reuters  -  218 words
      • Article, Illustration
        Lock icon Hedge funds set to lead pack in tapping HK-Shanghai link
        581 30 These more aggressive players are not held back by operational and legal issues: brokers Reuters Hong Kong WHEN the landmark Hong Kong-Shanghai equity link debuts on Monday, a class of investors that China has kept at arm’s length until now
        Reuters; PHOTO: AFP  -  581 words
      • Article
        Lock icon TD Ameritrade weighs Asia expansion
        333 30 Reuters New York TD AMERITRADE Holding Corp may expand into Asia if its surplus cash grows as much as it expects after US interest rates start to rise, the head of the discount brokerage firm said on Thursday. The “next big thing” TD Ameritrade could
        Reuters  -  333 words
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  • LIFE & CULTURE
    • Article
      Lock icon Warner Music ties up with China’s Tencent
      628 31 Partnership, which will include streaming, is the first for a global record label in China AFP New York WARNER Music has announced a partnership with Chinese Internet company Tencent that will include streaming, in the first such deal for a major global record
      AFP  -  628 words
    • Article, Illustration
      Lock icon SGX Bull Charge raises S$2.6m for four charities this year
      127 31  -  By Yen Meng Jiin Singapore THE Singapore Exchange (SGX) Bull Charge 2014 charity run has raised S$2.6 million for four charities this year: the Asian Women’s Welfare Association (AWWA), Autism Association of Singapore, Fei Yue Community Services, and Shared Services
      PHOTO: YEN MENG JIIN  -  127 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      317 31 CRYPTIC CROSSWORD Across 1 Curt comedian abandoned without popular support (12) 9 Woman who’s left Nazi without resentment (7) 10 Fashionable costumier, poet is dressed by me (7) 11 Support protecting single innovator (7) 12 Had too much of composer in regressive act (7) 13 Surrealist shows seabirds with head
      317 words
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  • Page 32 Advertisements
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      122 32 AND32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. SINCE FIRST CREATED, THE CHRONOGRAPH HAS BEEN ONE OF THE MOST ARTICULATE EXPRESSIONS OF THE ROYAL OAK MARQUE. WHILE IT WAS THE ORIGINAL STEEL ROYAL OAK THAT SHOCKED THE WORLD OF HAUTE HOROLOGY IN 1972, THE PRESENCE OF THIS 41
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      56 1 LivingBTTHE BUSINESS TIMES WEEKEND NOV 15-16, 2014 STYLE Suited for Zegna luxury L5 NEW HOTEL BRANDS EYE ASIA Raising the bar on hospitality L2-4 DINING Tech app-etiser L6-7 DINING East-West fusion hotspots L8-9 HOME GARDEN Designer’s black-and white ouevre L10-11 PHOTO: AVANI HOTEL DESIGN Crate and Barrel's new draws L12
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  • BT Living
    • TRAVEL
      • Article, Illustration
        Lock icon HOTELIERS EYE ASIA
        2162 2 / 3  -  Hotels, from the ultra-luxe to the smaller, signature brands, are launching new digs in Asia. By Tay Suan Chiang By Tay Suan Chiang Rosewood Hotel Group IF Sonia Cheng has her way, it won’t be long before a Rosewood Hotel becomes a household name in Asian hospitality
        PHOTOS: ROSEWOOD HOTEL GROUP; PHOTOS: ARTYZEN HOSPITALITY GROUP; PHOTOS: PREMIER INN; PHOTOS: ELEMENT, AVANI  -  2,162 words
    • STYLE
      • Article, Illustration
        Lock icon Suit up for luxury
        697 5  -  The new Peter Marino-designed flagship for Ermenegildo Zegna is a pivot for menswear, providing bespoke services for astute style savants. By May Yip By May Yip THERE’S something to be said about the experience of shopping. Not just consumerism in its most perfunctory form, but the
        697 words
    • DINING
      • Article, Illustration
        Lock icon TECH APP-ETISERS
        1391 6 / 7  -  Three local startups are exploring the potential and impact that beacon technology, an indoor-location service, can have on the F&B industry. By Rachel Loi By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Dynamic duo Asteroid http://getasteroid.com THE days of printing coupons or even searching for the best deals could be history
        PHOTOS: THE STRAITS TIMES, ASTEROID, THE SOCIAL MILL, FRUNK  -  1,391 words
      • Article, Illustration
        Lock icon Moreish mashups
        1599 8 / 9  -  Fancy a gula melaka crumpet or razor clam tau suan The latest menus embrace cross-cultural culinary experiments with an accent on local flavours. By Tiong Li Cheng LIKE the best pop song remixes that riff on original tracks to pack a punch, the latest dining concepts are interpreting
        PHOTOS: THE PRAWN STAR; PHOTOS: SINPOPO BRAND; PHOTOS: HYDE & CO  -  1,599 words
      • Article, Illustration
        Lock icon Eat, drink, then party
        626 8 / 9  -  Multi-concept steakhouse 50 Raffles Place nets an oyster bar, mod Japanese eatery and a club in one address By Tiong Li Cheng 50 Raffles Place Singapore Land Tower, Level 45/46 Z6221 9555 WELCOME to the age of the gastroclub; where the night-crawlers of today want their
        PHOTO: YEN MENG JIIN  -  626 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Haven by the beach
        1157 10 / 11  -  Janice Feldman’s apartment on Sentosa overlooking Palawan Beach is a much needed refuge from her job as founder of a leading outdoor furniture company. personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT FURNITURE designer Janice Feldman says she had to edit her life when she moved
        ALL PHOTOS BY YEN MENG JIIN  -  1,157 words
    • DESIGN
      • Article, Illustration
        Lock icon ROOM FOR MORE
        552 12  -  Crate and Barrel’s second store at Orchard Gateway is 40 per cent bigger than its first at ION. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT L=3 IGGER and better, that is how shoppers will find the second Crate and Barrel store, which opens today
        PHOTOS: JOSEPH NAIR  -  552 words
    • HEALTH
      • Article, Illustration
        Lock icon Deep vein distress
        1288 13  -  Clots in leg veins DVT can travel to the heart chambers and into the arteries of the lung, causing chest pain, breathlessness, and even sudden death Michael Lim ~Dr Lim is the medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia,
        PHOTO: FREEIMAGES  -  1,288 words
    • MOTORING
      • Article, Illustration
        Lock icon The beginning of luxury
        580 14  -  The Hyundai Genesis is a full-size luxury model from the Korean carmaker. By Samuel Ee samuelee@sph.com.sg CHEAP and cheerful has given way to luxe and large and the result is by all accounts impressive. The new Hyundai Genesis luxury sedan is an upscale sedan from the
        580 words
      • Article, Illustration
        Lock icon QUICK 3
        528 15  -  The Audi Q3’s new engine may be smaller but it is still punchy. By Samuel Ee samuelee@sph.com.sg SMALLER need not be slower as proven by the latest version of the Audi Q3. The Q3 is Audi’s urban-friend-ly SUV which follows the same successful formula as the Q5 softroader,
        528 words
    • GOLF
      • Article, Illustration
        Lock icon Charmed by Sri Lanka’s majestic course
        563 16  -  Sri Lankan Airlines Golf Classic players take on the challenging but picturesque Victoria. By George By George Joseph THE challenge in teeing off at the Victoria Golf and Country Resort is that no matter where you look, you are bound to be distracted. In
        563 words
      • Article
        Lock icon The big four
        209 16 Royal Colombo Golf Club Model Farm Road, Colombo 8 Holes: 18 Metres: 5,770 Z+94-1 691 401 This club’s history goes back to 1879. It features many water hazards starting with the first hole. At the sixth hole, golfers meet the Kelani Valley train that passes across the
        209 words
      • Article
        Lock icon Mizuno launches concept store
        312 16  -  By Justine Moss KALLANG Wave Mall at Singapore Sports Hub got a touch of Japanese flavour on Nov 6 when Mizuno Singapore and VGO Corporation launched South-east Asia’s first Mizuno Concept Store Singapore. Inspired by a traditional Japanese kimono house and Japanese cultural elements such as
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  • Page 6 / 7 Advertisements
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      881 6 / 7 wine&dine with BTWeekend AquaMarine, Marina Mandarin Singapore 6 Raffles Boulevard Z 6845-1111 Mad About Mediterranean No better way to immerse yourself in a smorgasbord of Mediterranean cuisine than an AquaMarine, expect Seafood Ala Plancha, Zuppa Di Pesce, and a crazy slew of Valencia, Pasta Seafood and Squid Ink at Paella
      881 words
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