The Business Times, 21 November 2014

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Total Pages: 38
1 38 The Business Times
  • 29 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Friday, November 21
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  • Article, Illustration
    234 1 Japan’s exports rose much more sharply than expected in yen terms in October by 9.6 per cent to just over 6.9 trillion yen (S$76 billion), the highest monthly level in six years aided by a weaker yen and firm demand from the US in particular. TOP STORIES 2
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  • 26 1 Thursday Change STI 3,315.60 -18.96 KL COMP 1,822.29 -2.10 NIKKEI 225 17,300.86 +12.11 HANG SENG 23,349.64 -23.67 SHENZHEN B 961.78 -2.55 DOW(11am EST) 17,679.91 -5.82
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  • 830 1  -  Export demand is less likely a problem for growth than domestic labour market tightness and rising US interest rates By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore THE global economy which Singapore now relies on more heavily to support growth given domestic restructuring’s
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  • 820 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE is ranked only 16th in the world when it comes to talent competitiveness, due to its imbalance in optimising homegrown talent and attracting those from overseas. According to IMD's latest annual World
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  • Page 1 Advertisements
    • 114 1 *****4 ONLINE ONLY IPOs VINYL RECORDS State of equity, debt, M&A markets There’s gold in that groove PROPERTY PRICES M’sia home prices at 5.5 times of median income REAL ESTATE 27 WHO'S WHO IN CORPORATE FINANCE 18-21 EXECUTIVE LIFESTYLE 38 Read Boardroom Matters, a series of articles from the Singapore
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  • TOP STORIES
    • 608 2  -  Separately, a private flash survey shows that factory output in November is up at the fastest pace since March By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S exports rose much more sharply than expected in yen terms during October up by
      PHOTO: BLOOMBERG  -  608 words
    • 686 2 BLOOMBERG Beijing A CHINESE factory gauge fell to a sixmonth low in November, adding to signs that broader stimulus is needed to halt a slowdown in the world’s second-largest economy. The preliminary Purchasing Managers’ Index from HSBC Holdings and Markit Economics was at
      BLOOMBERG  -  686 words
    • 983 2 Cheaper oil fails to dent core CPI rise for October up 0.2%, higher than forecast LATEST US DATA BLOOMBERG Washington PRICES in the US excluding fuel and food increased more than forecast in October as a drop in energy costs failed to filter through to other goods and services. The
      BLOOMBERG  -  983 words
    • 625 4  -  Increase marginally up from 2014’s projected 5%, despite tight labour market By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore NEXT year’s pay hikes in Singapore and the rest of the region are tipped to stay close to those of recent years, despite
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    • 322 4  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE has again been ranked as the best place to do business. The business-environment ranking put together by the Economist Intelligence Unit (EIU) said on Thursday that the Republic’s pole position came courtesy of its “efficient,
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    • 391 4 REUTERS BLOOMBERG Copenhagen THE board of OW Bunker did not approve a large credit line and was “extremely surprised” by a huge trading loss, the chairman said on Thursday, referring to the two incidents blamed for the Danish ship
      REUTERS; BLOOMBERG  -  391 words
    • 643 6  -  ThoughtBuzz, Feinmetall come in at No 138 and No 441 among 500 names led by the Seoul-based company behind popular messaging app KakaoTalk By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore TWO Singapore tech companies social analytics startup Thoughtbuzz and industrial equipment
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    • 179 6  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S domestic wholesale trade dropped 5.7 per cent in the third quarter of 2014 compared to a year ago, the Department of Statistics said on Thursday. The fall was largely due to the general wholesale trade industry,
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    • 509 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore AMERICAN drug-maker Amgen expects to roll out its products for treating osteoporosis and bone cancers from its new plant in Tuas by the end of 2016. The S$200 million plant in Tuas Biomedical Park
      PHOTO: LAU FOOK KONG/THE STRAITS TIMES  -  509 words
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  • COMPANIES & MARKETS
    • 518 7  -  Independent directors, analysts recommend unitholders to accept offer, which will close on Dec 22 By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PERENNIAL Real Estate Holdings’ (PREH) general offer for the remaining Perennial China Retail Trust (PCRT) units via a share swap is
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    • 547 7  -  His vision was key in making GLP the company that it is today, says CEO By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore JEFFREY H Schwartz, co-founder and deputy chairman of mainboard-listed Global Logistic Properties (GLP), died on Wednesday, aged 55, the company announced on
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    • 300 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore YOMA Strategic Holdings (Yoma) gained 2.5 cents to close at S$0.695 on Thursday after saying a subsidiary and its Japanese partners have signed a concession agreement with Myanmar’s Department of Civil Aviation (DCA) to operate Mandalay International
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    • 980 8  -  TT HOCK LOCK SIEW BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT IT WAS a fiasco that left no one smelling like a rose. Just a day before the keenly-antici-pated initial public offering (IPO) of taxi operator Trans-Cab closed on Nov 18, the company pulled the plug
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    • Article, Illustration
      63 10 STI Catalist Straits Times index NOV 20,2014 3,315.60 -18.96 (-0.57%) Current streak 1 day Day high 3,341.71 Day low 3,312.48 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index NOV 20,2014 789.19 -5.10 (-0.64%) Current streak 1 day Day high 798.12 Day low
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    • 620 10  -  Up one day, down the next falls in DBS, OCBC help pull STI down 19 points TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE three banks were the primary drivers of the Straits Times Index’s 25-point gain on Wednesday and so it was that
      Source: Bloomberg  -  620 words
    • 307 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 226 -2 227/225 250 206 6.3 5710.4 CapitaLand 323 unch 326/321 348 268 16.2 2.5 *****.5 CapitaMall Trust 196.5 -1 199.5/196.5 209 180 5.2 6815.2 CityDev 983 -5 996/983 1118 860 13.3
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    • 37 10 VOLUME IHC 89,641,000 Golden Agri-Res 50,574,000 Mewah Intl 37,447,000 Genting Sing 32,917,000 Digiland Intl 32,862,000 Market volume 1,303,365,000 VALUE SingTel 110,325,210 UOB 67,817,651 DBS Grp 67,689,530 OCBC Bank 39,827,380 Keppel Corp 37,415,917 Market value 1,051,330,000
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    • 110 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US765 -5 258 767/761 779/541 765/767 95.6 STI ETF 335 -1 182 337/335 343/298 334/335 ABF SG Bond ETF 116.8 +1.4 59 116.8/116 118/110.2 116.8/117 533.2 UETF SSE50China 166 +4 30 166/164
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    • 77 10 Nov 20 VALUE CLOSE BT OB/OS -352.00 -61.00 BT CADI -*****.00 -108.00 BT 10-day MA -*****.00 -35.00 FTSE ST Mid Cap 746.64 -2.60 FTSE ST Small Cap 514.29 -2.72 FTSE ST All Share 797.78 -4.25 FTSE ST China Top 190.69 -0.66 FTSE ST China 224.97 -0.44 FTSE
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    • 73 10 BY CENTS CLOSE UP 52w high/low JMH USD 6122 66.5 0.8 6460/4934 DBS.ES.1411 1978 44.0 2.3 1978/1915 Lyxor Europe US$ 1454 19.5 1.0 1678/1361 CIMBASEAN40 US$ 1056 16.9 1.2 1300/927 Great Eastern 2391 10.0 0.4 2415/1732 BY PERCENTAGE CLOSE UP 52w high/low Digiland Intl 0.2 100.0 0.1 0.2/0.1 Sing-eDev
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    • 35 10 STI FTSE ST All-Share FTSE ST All-Share index NOV 20,2014 797.78 -4.25 (-0.53%) Current streak 1 day Day high 803.15 Day low 797.32 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • 33 10 STI MSCI EAFE MSCI EAFE Index NOV 19,2014 1,820.89 -5.26 (-0.29%) Current streak 1 day Day high 1,826.97 Day low 1,816.64 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 9 5 0 0 0 1 9 5 Manufacturing 33 50 35 8 10 9 41 60 44 Commerce 16 20 20 1 10 3 17 30 23 Tpt/Stor/Comms 8 20 14
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    • 121 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,857 20,857 72,185 72,185 Manufacturing 210,798 65,875 276,673 138,909 4,984 143,893 Commerce 82,031 29,270 111,301 87,677 2,442 90,119 Tpt/Stor/Comms 93,351 1,385 94,736 188,976 501 189,478 Finance 22,482 406 22,888 185,162 86 185,248 Construction 35,142 18,436
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    • 77 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -160.3 -1.1 *****/***** DBXT Chia50 US$ 3073 -86.0 -2.1 3367/2577 DBXT MSKorea US$ 5550 -82.1 -1.1 6735/5550 Jardine C&C 4097 -63.0 -1.5 4901/3330 Lyxor MS India US$ 1700 -44.3 -2.0 1734/1241 BY PERCENTAGE CLOSE DOWN 52w high/low CN7600MBeCW*****7 2 -57.4
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    • 84 10 VOL CLOSE($) CHANGE BlueSkyPower 467.0 0.090 +0.019 +26.76 Universal Res 474.0 0.079 +0.019 +31.67 Novo 497.0 0.250 +0.020 +8.70 Digiland Intl 32,862.0 0.002 +0.001 +100.00 Comm Design 23,074.0 0.119 -0.006 -4.80 Mun Siong Engg 595.0 0.081 +0.007 +9.46 Vicplas Intl 102.0 0.088 +0.008 +10.00 Suntar Eco-City 104.0 0.145
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    • BROKERS’ TAKE
      • 147 10 BUY Nov 20 close: S$0.67 Target price: S$0.87 OSK-DMG Research, Nov 20 GIVEN its robust pipeline of projects, supported by the ramping up of Xiaomi the world’s third-largest mobile phone maker and the upcoming worldwide launch of YotaPhone 2, we believe Hi-P is poised for a turnaround and
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      • 126 10 BUY NOV 20 Close: S$0.695 Fair Value: S$0.74 OCBC Investment Research, Nov 20 MJAS has signed a 30-year concession agreement with Myanmar’s department of Civil Aviation (DCA) for the operation, rehabilitation and maintenance of airport facilities, including terminal buildings and runway (excluding air traffic control), at Mandalay
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      • 182 10  -  Compiled by Chan Yi Wen HOLD Nov 20 close: S$9.15 Target price: S$9.00 Maybank Kim Eng Research, Nov 20 WE believe drillers will defer their orders for new rigs, given a weakening drilling outlook in a low oil price environment. We think the market will cut FY15 expected/FY16
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    • 416 11 TT CURRENCIES REUTERS London THE dollar eased off a seven-year peak just shy of 119 yen on Thursday ahead of data that is expected to show US consumer prices moderating as deflationary forces take hold across the globe. The euro had
      REUTERS  -  416 words
    • FOREX RATES
      • Article, Illustration
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      • 471 11 NOV 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.975 5.258 0.684 6.660 53.318 104.455 1.017 9.579 2.886 1.095 87.183 38.712 1.119 9.501 0.822 26.578 28.207 0.549 0.859 Canada 1.026 5.394
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      • Article, Illustration
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      • 155 11 NOV 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1184 1.1195 0.8584 0.8589 Canadian dollar 1.1475 1.1484 0.8811 0.8807 Euro 1.6353 1.6360 1.2551 1.2552 NZ dollar 1.0219 1.0228 0.7843 0.7847 Sterling pound 2.0390 2.0403 1.5650 1.5654
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      • 22 11 NOV 20 S$ Bid Offer 1-month 1.3030 1.3037 2-months 1.3031 1.3039 3-months 1.3031 1.3039 6-months 1.3030 1.3038 Source: OCBC
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      • Article, Illustration
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    • EQUITY BONDS WARRANTS FUTURES
      • 365 11 NOV 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.69 *****.69 *****.70 Dec14 *****.00 *****.00 *****.00 *****.00 *****1 *****4 Mar15 *****.00 *****.00 *****.00 *****.00 435 4017 MSCI TAIWAN INDEX FUTURES SPOT 335.88 339.12 335.88 Nov14 335.80 339.70 335.30 339.50 ***** *****7 Dec14 335.90
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      • 215 11 Most active Nov 20 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 4.3 unch ***** 1 18 23 OCBC Bk MB eCW*****3 9.4 -0.8 5300 0.2 1060 5 DBS MB eCW*****2 12.2 -0.2 4545 0.1 0
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      • 373 11 In local curr In S$ In US$ dy yr dy yr dy yr Nov 19 Index Change Change Change Change Change Change World Preliminary 1272.0 -0.2 7.4 0.5 7.3 -0.3 3.7 EAFE Preliminary 986.2 0.0 3.1 0.5 -1.7 -0.3 -4.9 Europe Preliminary 1381.5 0.0 2.0
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    • BANK RATES
      • 154 11 Nov 20 $S Offer Bid 0vernight 0.05 0.01 1-month 0.3750 0.2500 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.15 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • 36 11 NOV 20 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • 59 11 Nov 20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.71 5-Year N*****0H 1.625 01-Oct-19 100.56 10-Year NY*****H 3.000 01-Sep-24 105.95 106.05 105.95 15-Year NY*****E 2.875 01-Jul-29 102.31 20-Year NZ*****V 3.375 01-Sep-33 107.84 30-Year NA*****N 2.750 01-Apr-42 95.94 Note:
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    • AGRI METALS ENERGY
      • 212 11 NOV-19 Price Net change change Last Trade Agricultural Nov-19 CBOT Soybeans (US cents/bu) 1004.75 -18.50 -1.81% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.51 -0.14 -0.43% 12/12/2014 CBOT Wheat (US cents/bu) 537.75 -11.25 -2.05% 12/12/2014 Nov-19 LIFFE Cocoa (£/tonne) 1896.00 7.00 0.37% 12/12/2014 LIFFE Coffee (US$/tonne) 2088.00 20.00 0.97%
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      • 57 11 NOV 20 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2228.0 2234.0 2228.0 2206.0 61 8104 Dec 14 2242.0 2242.0 2244.0 2211.0 3792 ***** Jan 15 2244.0 2245.0 2247.0 2215.0 ***** ***** Feb 15 2250.0 2252.0
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    • 722 12  -  Data analytics startup uses artificial intelligence to predict the outcome of legislation By Angela Tan angelat@sph.com.sg Singapore SINGAPORE Temasek Holdings has invested in FiscalNote, a Washing-ton-based startup which uses artificial intelligence to predict the outcome of legislation. According to The Washington Post, FiscalNote has
      722 words
    • 782 12 REUTERS Hong Kong PROFIT-TAKING and queasiness about the rules blighted trading via the Shanghai-Hong Kong stock connect this week after a brisk first day when mostly hedge funds and private banks snapped up all the available mainland shares within hours. The
      REUTERS; PHOTO: BLOOMBERG  -  782 words
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  • PHILANTHROPISTS FORUM 2014
    • 659 13  -  Former investment banker Ian Learmonth is now playing a key role in the emerging field of impact investing. REPORTS BY FRANCIS KAN AFTER over two decades as an investment banker working in Sydney, London and Hong Kong, Ian Learmonth decided to use his skills to do
      659 words
    • 447 13 AFTER Thailand banned commercial logging in the late eighties, many of the country’s elephants and their riders, or mahouts, were left jobless and roaming the streets of Bangkok begging. To save these proud creatures the national animal of Thailand that was once featured on its
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    • 372 13 A PLATFORM set up by Credit Suisse for wealthy individuals who want to engage in charitable activities without the hassle of dealing with administrative matters has seen growing interest from its clients since its launch in 2011. Open to the bank’s clients, the SymAsia
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    • 47 13 Credit Suisse No-one’s given it more thought. Whatever your philanthropic ambitions, Credit Suisse provides a bespoke service to help you make the most of your contribution. To find out more please contact us at 1 Raffles Link #05-02 Singapore *****3, call +65 6306 8000 or visit credit-suisse.com/sg/philanthropy
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  • BANKING & FINANCE
    • 707 14 Goldman: Growth gap between US and rest of world will narrow, helping global stocks to catch up with US equities BLOOMBERG New York GLOBAL markets from stocks to bonds are “priced to offer low absolute rates of return” in coming years, with equities, particularly
      BLOOMBERG; PHOTO: REUTERS  -  707 words
    • 432 14 REUTERS Jakarta INDONESIA’S regulator has issued revised Islamic banking rules covering asset quality and capital adequacy to help clarify market practices, while industry growth has now dropped to single-digits. Authorities want to encourage a wider product range to help Islamic banks grab
      REUTERS  -  432 words
    • 331 14 REUTERS Mumbai INDIA’S securities regulator on Wednesday approved new rules on insider trading that will replace a two-decade old law as part of efforts to boost investor confidence in markets. The rules, which are based on recommendations first revealed late last year, broaden the
      REUTERS  -  331 words
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    • 1485 14 The Business Times Ik T I 1 I /“I 1 Toll free 1800-289-8822 I Email noticesasph.com. sg J V i I www.sphclass.com.sg/notices TITAN LEO PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) Company Registration No. *****2338M NOTICE OF FINAL GENERAL MEETING OF THE COMPANY AND THE CREDITORS Notice is hereby given that
      1,485 words
    • 353 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 WORLD CLASS PROPERTY (NORTH) PTE. LTD. (COMPANY REGISTRATION NO.: *****4358H) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company duly held at 55 Ubi Avenue 1 #07-11 Ubi 55 Singapore *****5 on 21 November 2014 at 10:00 am, the
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    • 357 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 WORLD CLASS CAPITAL (LN) PTE. LTD. (COMPANY REGISTRATION NO.: *****6075G) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company duly held at 55 Ubi Avenue 1 #07-11 Ubi 55 Singapore *****5 on 21 November 2014 at 10:00 a.m., the
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  • ENERGY & COMMODITIES
    • 443 15 It says that spinning off non-core assets will generate stronger growth AFP Sydney THE world’s biggest miner BHP Billiton on Thursday defended its plan to split the company by spinning off non-core assets, saying that it would generate stronger growth, with a vote
      AFP; PHOTO: BLOOMBERG  -  443 words
    • 713 15 AFP Kuwait City GULF oil producers led by Saudi Arabia will likely reject output cuts at an Opec meeting next week unless they are guaranteed their market share in a highly competitive market, analysts say. The stance of Kuwait, Qatar,
      AFP  -  713 words
    • 260 15 AFP Brasilia BRAZIL’S finance ministry has uncovered more than US$9 billion in suspicious transactions involving Petrobras, the state oil giant at the centre of a massive corruption scandal, a newspaper reported on Wednesday. The finance ministry audit has identified suspicious deposits
      AFP  -  260 words
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    • 4981 16 MANDATORY UNCONDITIONAL CASH OFFER by J.P. MORGAN (S.E.A.) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0154W) for and on behalf of EUN HOLDINGS, LLP (Formed in Delaware, the United States of America) to acquire all the issued ordinary shares (excluding treasury shares) in the capital of EUNETWORKS
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  • TECHNOLOGY
    • 579 17 World’s largest maker of mobile phone chips says that it expects to collect substantially on all LTE devices BLOOMBERG San Francisco QUALCOMM Inc, the world’s largest maker of mobile phone chips, said that it is making progress in talks with a Chinese
      BLOOMBERG  -  579 words
    • 478 17 BLOOMBERG San Francisco YAHOO! Inc has replaced Google Inc as the default search engine on Firefox browsers in the US as Yahoo chief executive Marissa Mayer seeks out more partnerships to boost the Web portal’s traffic and revenue. Google had been the
      BLOOMBERG  -  478 words
    • 490 17 AFP New York THE Billboard chart, the benchmark for US music sales, will, from next week, start to include streaming in its measurements to reflect the rapid growth of services such as Spotify. Billboard magazine, which produces the weekly charts
      AFP  -  490 words
    • 274 17 REUTERS San Francisco eBAY Inc is retooling its local delivery programme and extending more logistics options to smaller merchants that make up the bulk of the e-commerce giant’s base of marketplace sellers, an executive said on Wednesday. More of eBay’s smaller sellers, including some with annual
      REUTERS  -  274 words
    • 387 17 AFP San Francisco MOBILE security firm Lookout warned on Wednesday that Android-powered smartphones or tablets are being targeted with malicious software that puts them at the mercy of hacker overlords. The persistence and sophistication of malware dubbed NotCompatible is another
      AFP  -  387 words
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    • 1608 17 14.4 The Offer (unless otherwise determined by the Offeror and permitted by applicable law and regulation) will not be made, directly or indirectly, in or into, or by the use of mails of, or by any means or instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce
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  • WHO’S WHO IN CORPORATE FINANCE
    • 2087 18 THE state of corporate finance in Singapore has been rather patchy, public offerings have been pathetic but there’s been plenty of mergers and acquisitions (M&A) activity, especially cross border deals. Another booming segment is the local debt market. We ask the experts what’s ailing
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    • 1090 20 Hong Leong Finance Limited Incorporated in 1961, Hong Leong Finance Limited (HLF) is Singapore's largest finance company and has served the needs of small and medium enterprises (SMEs) for more than half a century. HLF's distribution network of 28 branches offers an extensive suite of financial products and services, ranging
      1,090 words

  • Page 21 Advertisements
    • 924 21 OCBC Bank Singapore has a robust regulatory framework and deep capital markets. It is thus a natural location for corporates looking to gain a foothold in the region to raise funds and to pursue mergers and acquisitions. An established player in the corporate finance arena, OCBC Bank's team of experienced
      924 words

  • CONSUMER
    • 529 22  -  Growth in online transactions among S’porean Visa card holders rose 19% from 2013 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPOREANS are South-east Asia’s top online shoppers, with 26 per cent letting their fingers do the shopping at least once a week; 58
      ALAN LIM/ THE STRAITS TIMES  -  529 words
    • 449 22  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur THE shares of Star Publications declined 1.3 per cent on Thursday to RM2.27 (87 Singapore cents), following the Malaysian newspaper publisher’s report of weaker third-quarter earnings for its 2014 financial year, which closes at
      449 words
    • 455 22 BLOOMBERG New York WORLDWIDE spending on medicines will reach almost US$1.3 trillion by 2018, as new treatments for hepatitis C and cancer come to market and as people around the globe use rising incomes to buy pharmaceuticals. The new drugs, such
      BLOOMBERG  -  455 words
    • 542 22 BLOOMBERG Chicago EATING ham has never been more expensive than this year, partly because US pigs are too fat. Hogs in the US weigh the most ever after farmers fed them longer to make up for losses caused by a
      BLOOMBERG  -  542 words
  • Page 22 Advertisements
    • 1302 22 THE BUSINESS TIMES Ik I 1 I f 'I I 1 Toll free 1800-289-8822 I I I Email notices@sph.com. sg I Y i I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SINGAPORE ANN KWAY HOLDINGS LTD. (Incorporated in the Republic of Singapore) Company Reg. No. *****8494C At
      1,302 words
    • 433 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HUTCHISON PC (JAPAN) PTE. LTD. (the “Company”) (In Member’s Voluntary Liquidation) (Company Registration No. *****3074G) (Pursuant to Section 290(2)(b)) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and
      433 words

  • Page 23 Advertisements
    • 419 23 >\r a Regal International Group Ltd. Company Registration Number: *****8585R Congratufations on your successful listing on SGX-ST Mainboard 111 r III p-f is? E u III 111 ill >■; lii I* irr prf BE u HDRUigi IS Ml I Tiu: re in p* Mkia urj H’JU H Q b^Bisar LJS
      419 words

  • GOVERNMENT & ECONOMY
    • 668 24 Oct meeting also concludes recent turbulence in financial markets will not derail American recovery NYT Washington THE weakness of other major economies and recent turbulence in financial markets will not significantly impede domestic economic growth, US Federal Reserve officials concluded at
      NYT; PHOTO: REUTERS  -  668 words
    • 418 24 November PMI dips to 51.4, points to 0.1-0.2% GDP growth in current quarter REUTERS London EUROZONE business growth has been weaker than any forecaster expected this month and new orders have fallen for the first time in more than a year despite further price-cutting,
      REUTERS  -  418 words
    • 517 24 REUTERS London BRITAIN’S relations with the European Union (EU) took another knock on Thursday when its legal challenge to a limit on bankers’ bonuses was rejected by an adviser to the bloc’s top court. The EU law
      REUTERS  -  517 words
    • 254 24 REUTERS Shanghai CHINA’S banking regulator has started to manage the issuing of as-set-backed securities (ABS) through a registration system, simplifying the process, according to sources with direct knowledge of the situation. The move represents another major step by Chinese regulators
      REUTERS  -  254 words
    • 535 24 BLOOMBERG London BRITISH regulators have fined Royal Bank of Scotland Group plc US$88 million (S$ 114.4 million) for the 2012 collapse of its computer system that left 6.5 million customers without access to their accounts for weeks. Britain’s largest taxpayer-owned bank will
      BLOOMBERG  -  535 words
    • 457 24 REUTERS Frankfurt THE European Central Bank (ECB) is set to embark this week on a scheme to buy the kind of rebundled debt that sparked the global economic crash. With sparse investor interest, its efforts could fall short. Asset-backed securities
      REUTERS  -  457 words

  • TRANSPORT
    • 474 25 Kjos says his airline pays competitive wages and he supports employees’ right to form unions REUTERS New York THE chief executive of Norwegian Air Shuttle rejected arguments by US airlines and unions that his efforts to build a low-cost,
      REUTERS  -  474 words
    • 877 25 REUTERS Paris AN industrial drumbeat is picking up in European aircraft factories as Airbus borrows a new range of carmaking strategies to keep pace with record demand. Technologically, modern jetliners have more in common with a cus-tom-built Formula 1 than a family saloon.
      REUTERS; PHOTO: REUTERS  -  877 words
    • 301 25 REUTERS Los Angeles FIAT Chrysler Automobiles NV expects its yet-to-be launched Fiat 500X crossover sport utility vehicle (SUV) to be even more popular in North America than its 500 microcar, senior executives said on Wednesday. Fiat will begin selling the 500X
      REUTERS  -  301 words
    • 292 25  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SINGAPORE port operator PSA Singapore and the Port of Singapore have won awards given out by industry body Supply Chain Asia. PSA Singapore was the Container Terminal of the Year, beating four other contenders including Hong Kong
      292 words
    • 423 25 REUTERS New York JETBLUE Airways Corp announced new checked baggage fees on Wednesday and plans to stuff more seats into its aircraft, prompting praise from Wall Street, but a chorus of criticism from consumers. Analysts said that the change was long overdue, as
      REUTERS  -  423 words
  • Page 25 Advertisements
    • 549 25 The Business Times Ik I 1 I f 1 I 1 Toll free 1800-289-8822 I I I Email noticesy sph.com.sg I M I I i j www.sphclass.com.sg/notices STEPHAN MACHINERY ASIA PACIFIC PTE. LTD. (Company Registration Number *****7425K) (Incorporated in the Republic of Singapore) (the "Company") (Pursuant to Section 76(10)(h) of
      549 words

  • 1734 26 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 DREAM ANGEL 7 100 30/11 1/12 MALAYSIA STAR 40 50 8/12 9/12 13/12 15/12 KAISA 2
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  • Page 26 Advertisements
    • 296 26 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,
      296 words

  • REAL ESTATE
    • 596 27  -  Khazanah Nasional survey finds the figure above that for Singapore, US and the UK By Pauline Ng btworld@sph.com.sg Kuala Lumpur IN median income terms, the average home in Malaysia costs more than in Singapore, the US, the UK or Ireland one
      PHOTO: BLOOMBERG  -  596 words
    • 443 27  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ANOTHER partnership has taken shape in the realty business here, this time involving property agency SLP International Property Consultants and property investment firm IP Global. SLP International which provides real estate services to both
      443 words
    • 1128 27  -  TT COMMENTARY BY LEE LIAT YEANG T The writer is a partner at Rodyk Davidson LLP and part of the firm’s Real Estate Practice Group. The views in this article belong to the writer and do not necessarily reflect the views of his
      1,128 words
    • 338 27  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CAPITALAND’S serviced-residence business unit, The Ascott, has landed a contract to manage its first Citadines Apart’hotel in Busan. The 468-unit Citadines Haeundae Busan, its biggest property world-wide, is set to open in the second half of next
      338 words
    • 540 28 It may scrap or scale back plans to build new facilities amid fears of spiralling costs AFP Tokyo TOKYO is looking to slash the price tag for the 2020 Summer Olympics by US$1.7 billion through scrapping or scaling back plans
      AFP; PHOTO: REUTERS  -  540 words
    • 473 28 BLOOMBERG Hong Kong CLSA Capital Partners is going after local Hong Kong consumers for its latest retail property investment in the city as spending by mainland Chinese visitors slows. CLSA Capital, with about US$2.6 billion under management, is seeking to attract
      BLOOMBERG  -  473 words
    • 1148 29 Businesses and residents, priced out of neighbouring San Francisco, are drawn to an increasingly vibrant scene BLOOMBERG San Francisco THE city by San Francisco Bay with the fastest-growing rents in the US isn’t San Francisco. Oakland, long synonymous with crime and blight, is
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,148 words
  • Page 27 Advertisements
    • 95 27 FOR SALE –LAND FOR REDEVELOPMENT FOR SALE -Detached for redevelopment PROPOSED DESIGN FOR REDEVELOPMENT Estimated Frontage 18.2M Freehold Detached Land Size 5400sqft Approximately Depth 28.9M Freehold detached at Goodman Estate Land size 5400sqft BoscombeRoad Masterplanzoning 2 storey semi detached Regular land shape 18.2M by 28.9M Near Parkway Parade/ Katong112 Can
      95 words

  • Page 28 Advertisements
    • 556 28 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUY IT SELL II FIND II D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D09 HOUSE FOR SALE JALAN KAYU MANIS Rare!
      556 words
    • 133 28 D11 21 HOUSE FOR RENT LORNIE 18 Cluster bunglw Resort Living. Superb layout with home lift. 4500sf onwards. 4+1+1 rms. 2 yrs lease. Rental $11K neg. 6296 6036/ 9670 0518 D15 HOUSE FOR RENT 63 GOODMAN ROAD Bungalow. Prime landed 4900/7300sf 6+1+ family +media rm+ s/pool Corner Face park $23k
      133 words

  • Page 29 Advertisements
    • 174 29 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED BUY IT SELL IT FIND IT D01 OFFICE FOR SALE SHENTON HOUSE Office for sale. 441 sqft. Prime location. High floor. Window unit. New renovation, fully fitted. Call Shanthi 9364 1747 D01 SHOP FOR SALE ANN SIANG ROAD
      174 words
    • 255 29 D07 SHOP FOR SALE BALI LANE 2.5 sty shophse Land 720 (approx) 1800-1900 sf tenure 999 yrs (Opp Mega Devt) Near MRT. $6.5M. Call 9873 6994 D08 SHOP FOR SALE LITTLE INDIA Freehold 2-storey shophouse Chander Road, Huge human traffic. Next to MRT. Approx 1199 sf. Asking $2.7M. Good deal!
      255 words
    • 107 29 FOREIGN PROPERTY FOR SALE AUSTRALIA Australian investment lifestyle properties for sale. Land for redevelopment and commercial investment. Call 9325 5149 FOREIGN PROPERTY FOR SALE SKS PAVILLION IN JB SKS Pavillion Residences. Freehold condo near JB CIQ next to Shopping Mall. Invest now before the MRT heads North! FOREIGN PROPERTY FOR
      107 words

  • VEHICLES
    • Article, Illustration
      806 30  -  In the whole scheme of things, a certificate of entitlement (COE) may not be as big an expense as you think By Christopher Tan A survey commissioned by The Straits Times, completed in April this year, threw up some interesting findings about the certificate of entitlement system. In
      806 words
  • Page 30 Advertisements
    • 135 30 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED ■BUY IT-SELL IT-FIND IT- AUDI FOR SALE AUDI A3 2013 Audi A3 1.4T Ambiente. Only 6,700km, Full accessories. Eager to sell, relocating to Sydney. Accident free. $132,000 only. Kelly *****075 AUDI FOR SALE AUDI Q5 2.0 QUATTRO Added
      135 words
    • 122 30 FERRARI FOR SALE FERRARI 430 01/2008 Red/Black full leather with carbon fibre dashboard trim, center console more. Ital unit, low mileage of 27,000km. 6338 0123 9111 9650 FERRARI FOR SALE FERRARI F599 GTB FIORANO Oct ’09, 6.0 F1 HGTE. Low KM. BOSE sound system, carbon fibre steering LED. Flexible financial.
      122 words
    • 134 30 MERCEDES FOR SALE MERCEDES A200 Oct 2013 A200 Panoramic roof. C&C warranty with 1 year extended warranty. 1 careful owner. Hurry!! Republic Auto 9029 7772 MERCEDES FOR SALE MERCEDES-BENZ E250 12/2009 CGI Best Deal in Town. High Trade In. Low Interest Rate. Fast Selling. $132,800 Call 9112 6538 9182 7511
      134 words
    • 134 30 MERCEDES FOR SALE MERCEDES ML350 Nov 2010 ML350 Sport package. C&C service with 1 year extended warranty. 43,000km. Don’t miss! Republic Auto 9776 6769 MERCEDES FOR SALE MERCEDES R350 March 2012 R350. 1 careful owner. C&C warranty with 1 year extended warranty. Don’t miss! Hurry! Republic Auto 8168 3206 MINI
      134 words
    • 112 30 SPORTS/ COUPE/ CABRIOLET FOR SALE LAMBORGHINI GALLARDO LP560-4 05/2012 Black with carbon fibre steering wheel, dashboard, centre console etc. Lifter, reverse camera more. 12,000km. 6338 0123 9111 9650 TOYOTA FOR SALE TOYOTA ESTIMA CarTimes Award-Winning Company. 7/ 8 Seater Estima. Full Accessories. 7day delivery Special price. Guarantee COE. Call 6744-5111
      112 words

  • LIFESTYLE
    • 588 31  -  By Samantha Boh s Singaporeans start jogging down the road to better health, their greatest love food is turning out to be their biggest weakness. The temptation is all around, with local fare like laksa and prata bumping up the calorie count. And dieticians,
      588 words
  • Page 31 Advertisements
    • 451 31 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED •BUY IT-SELL IT FIND II- AIRCON CLEANING SERVICES CHEMICAL WASH STEAM CLEANING 1st anniversary promo!!! $88 for 3 units. Limited period! Offer till end this year 2014. Don’t miss!!! Efficient and best services. Call/ SMS *****177 BUSINESS NEEDS
      451 words
    • 107 31 PETS PET CAR0E ERICSSON PET FARM Small to Medium breed. Large puppies and kitten. Food and accessories. Boarding long/ short-term. Please call 6582 3333 PETS PET CARE BIRD CAGE CHICKS Limited sets 4 x 4 x 7ft height. Stainless steel bird cage with nestbox. Locally bred Yellow Nape Amazon Chicks
      107 words

  • OPINION
    • 562 32 EDITORIAL EMERGING markets (EM) have been languishing under a cloud over the past 3-4 years, weighed down by growth concerns. It seems those concerns remain uppermost in investors’ minds as 2014 draws to a close. Investors are typically urged to invest
      562 words
    • 705 32  -  TT THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington IT must be obvious by now that we are experiencing something greater than the routine frustrations of the business cycle and the normal political discontents of democracies. There is, as political scientist
      THE WASHINGTON POST WRITERS GROUP  -  705 words
    • 1212 32  -  Republicans may have changed Asian-Americans’ blue (Democratic) preference.BY preference.BY LEON HADAR Washington MUCH of the focus on why the Republicans lost the 2012 presidential election was on the role that Hispanic voters played in the GOP’s electoral fiasco that year and in 2008 when Barack
      PHOTO: REUTERS  -  1,212 words
    • 971 33  -  TT COMMENTARY By Anthony Rowley Tokyo EVENTS in Japan over the past few weeks have been surprising shocking even and baffling. They have given the lie to Prime Minister Shinzo Abe’s claim that “Japan is back” and also to his claim
      971 words
    • 620 33  -  By Lawrance Lai, Jack Wong T The writers are, respectively, partner and director for fraud investigation at dispute services at EY; the views reflected in this article are their own WITH the ongoing audit reform in Europe and the introduction of
      620 words
    • 1094 33  -  The Just-concluded Brisbane meeting has put much more emphasis on reviving growth and making the revival sustainable than on budget balance and austerity. BY SHAHID JAVED BURKI BY SHAHID JAVED BURKI T The writer is a former vice-president of the World Bank and also
      PHOTO: BLOOMBERG  -  1,094 words



  • Page 35 Miscellaneous
    • 333 35 CRYPTIC CROSSWORD 25 Boss shows incomplete education (4) Across 1 Amount said to be a great deal in 7 (4) 3 Record contains poem in encrypted format (5) 6 Good bowler maybe steps down in India (4) 8 A recreant subtly falsified stories of old (10,5) 9 Voice has minimal
      333 words



  • BT Lifestyle
    • 1791 38  -  Old records are turning into a groovy goldmine for collectors and dealers as the current vinyl revival sees sought-after titles fetching sky-high prices. BY DYLAN TAN BY DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT NO ONE could have predicted the second wave of vinyl not in this age where
      PHOTOS: YEN MENG JIIN; ST FILE PHOTO  -  1,791 words
    • CITY LIFE
      • 684 34  -  Robert Parker’s Wine Advocate launches the Matter of Taste event in Singapore, where a whole range of wines that have received 90 points and above can be savoured in one sitting. BY TIONG LI CHENG BY TIONG LI CHENG OENOPHILES who have come to regard Robert Parker’s
        PHOTOS: MATTER OF TASTE  -  684 words
      • CITY BUZZ BT writers' picks of what to see, do or talk about
        • 318 34  -  By Jaime Ee DINING EVENT TungLok Heen’s Ocean’s Best CANADIAN celebrity chef Susur Lee winds up his five-day promotion at TungLok Heen in Sentosa today with a masterclass in addition to the special lunch and dinner menus he’s been serving during his whirlwind visit. Fans of
          PHOTOS: TUNGLOK HEEN  -  318 words
        • Article, Illustration
          271 34  -  By Lisa Fratini Panem Forever AFTER the success of the sold-out Game of Thrones themed dinner events, hus-band-and-wife duo Nicholas Yong and Gillian Ang, co-founders of online platform and popular culture website Geek Crusades, are back with a new themed dinner instalment. This time, it’s a special Panem
          PHOTO: BRYAN HUANG  -  271 words
        • 240 34  -  By Helmi Yusof Affordable Art Fair, Spot Art and Bank Art Fair WHAT a week for art lovers. Not one, not two, but three art fairs are taking place. Affordable Art Fair is the biggest, oldest and best of the three, selling almost every type of art under S$
          240 words
        • Article, Illustration
          209 34  -  By Tay Suan Chiang beams 30 Days Store: Singapore FOR about two more weeks, fans of Japanese fashion label BEAMS need not fly to Tokyo to get their fix, as it has partnered with design store kapok to do a pop-up shop in Singapore. BEAMS 30-Days Store: Singapore showcases
          209 words
        • Article, Illustration
          202 34  -  By Dylan Tan Awaken the Dragon Awaken The Dragon is a community arts project to bring awareness to the last two remaining dragon kilns in Singapore Thow Kwang Pottery Jungle and Guan Huat Dragon Kiln. Besides a collective clay sculpture created by over 2,000 members of the public
          202 words
    • WINE ARTS
      • 969 35  -  A recent event in Taipei featured an imaginative theme of Grenache, Syrah and Mouvedre wines. By NK YONG WINE wines.By NK YONG BLIND tastings are humbling events at least for me. Long ago, I sadly came to the conclusion that I am (inherently) a bad blind-taster my
        PHOTO: AFP  -  969 words
      • 436 35  -  ARTS By Rachel Loi rachloi@sph.com.sg @RachelLoiBT IT’S not unnatural for someone to assume that a three-legged dog would have some difficulty moving around. Writer Lillian Wang thought so too. Until she adopted one. But her mongrel, Trip, quickly proved to be as active and
        PHOTO: ELKE VOGELSANG  -  436 words
      • 696 35  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT HE may be a Member of Parliament for Tampines, but Baey Yam Keng is also known for being one of the most active politicians on social media, posting on Facebook, Instagram and Twitter an w er about two or three
        PHOTO: THE MAKEOVER INC  -  696 words
    • ARTS
      • 858 36  -  Unlike contemporary art which continues to be produced, old limited-edition posters make them a collector’s dream.BY HELMI YUSOF dream.BY HELMI YUSOF A WEEK ago in Holland, a vintage poster designed by AM Cassandre (1901-1968) titled L’Intransigeant sold at a Van Sabben auction for 210,000 euros (S$343,600).
        PHOTOS: PICTURE THIS GALLERY  -  858 words
      • 284 36  -  By Rachel Loi rachloi@sph.com.sg @RachelLoiBT THERE’S a certain kind of audience that every jukebox musical is bound to attract the nostalgic fans who show up purely for the sake of reliving the music. So it was no surprise that almost half the audience
        PHOTO: BRINKHOFF/MOGENBURG  -  284 words
      • 590 36  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT LET no man who is not a mathematician read the elements of my work, said Leonardo da Vinci in the 17th century he had no time for idiots misinterpreting his research and slowing him down. Almost 500
        PHOTO: MARINA BAY SANDS  -  590 words
      • 435 36  -  By Cheah Ui-Hoon uihoon@sph.com.sg WHEN Korean ceramic artist Lee Hun Chung wanted to make art with a stronger connection to people, he turned from sculpture to furniture. “Sculpture pieces were only for looking. I wanted to give my works one more way to communicate with
        PHOTOS: SPACE COTTONSEED  -  435 words
    • MUSIC CINEMA
      • 612 37  -  For Grammy-nominated jazz musician Martin Taylor, music strikes a familial chord. BY RACHEL LOI MUSIC By Rachel Loi @RachelLoiBT rachloi@sph.com.sg ON the surface, family gatherings at Martin Taylor’s home sound just like any other. Dinner, conversation, followed by some music-listening around the fireplace. Except that he
        PHOTO: MARTIN TAYLOR MUSIC  -  612 words
      • 461 37  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT FAREWELL tours can be tedious non-events. More often than not, they’re staged by some music act on its last legs, whose members no longer speak to one another and whose only bond is their shared goal of squeezing the
        PHOTO: ALOYSIUS LIM/LUSHINGTON  -  461 words
      • 645 37  -  CINEMA By Geoffrey Eu MAPS to the Stars is a stinging satirical rebuke to the excesses of Hollywood, as seen through the eyes of a director who has made a career out of rejecting the mainstream. David Cronenberg is no stranger to controversial subject matter (Naked
        PHOTO: SHAW  -  645 words
      • 487 37  -  By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT GIVEN the choice, nobody wants to be an opening act but that’s what The Hunger Games: Mockingjay Part 1 is in Hollywood’s attempt to milk the last dollar from the final instalment of the commercially successful franchise based on
        PHOTO: CATHAY-KERIS FILMS  -  487 words
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