The Business Times, 29 November 2014

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Microfilm: NL33296
Total Pages: 41
1 16 The Business Times
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  • Title Section
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    15 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g NOVEMBER 29-30, 2014 S$1.00| S$1.00| MCI (P) 052/08/2014
    15 words
  • Article, Illustration
    Lock icon Volatile market shows mixed impact of oil slide
    821 1  -  Price fall benefits energy importers, but hurts producing countries with inadequate finances By Neil Behrmann btworld@sph.com.sg London OPEC’s failure to counter the oil price slump is expected to be followed by production cuts in the highly leveraged US fracking energy sector. But
    PHOTO: REUTERS  -  821 words
  • Article, Illustration
    Lock icon Swiss poll distracts gold market, but not for long
    877 1  -  By Andrea Soh @AndreaSohBT sandrea@sph.com.sg Singapore EVEN as five million Swiss nationals head to the polls on Nov 30 to vote on a proposal that would force the central bank to increase its gold reserves, an economist has likened gold to
    Source: Bloomberg; Source: Swiss National Bank and Citi Research  -  877 words
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      44 1 the business times www. usinesstimes.com. g NOVEMBER 29-30, 2014 S$1.00| MCI (P) 052/08/2014 WEALTH Most stock funds lag their benchmark index 28-29 MOTORING Sweet little Polo L14 the raffles conversation LLOYD’S OF LONDON CHAIRMAN JOHN NELSON 8-9 LIVING ’Tis the season for market-hopping L2-4
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      21 1 45Oil rout: Losers and winners on SGX, Page 5 45Is oil price plunge good or bad for global economy? Page 5
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  • TOP STORIES
    • Article, Illustration
      Lock icon Higher inflation eats into income growth
      693 2  -  Resident workers’ real income up just 0.4 per cent in 2014, a pale shadow of the 4% jump in 2013 By Chuang Peck Ming peckming@sph.com.sg Singapore HIGHER inflation took a bite out of resident workers’ income growth, reducing it to under one per cent
      Source: Singapore Workforce, 2014  -  693 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,350.50 (+9.54) GSTI FUTURES 3,343.00 (+2.00) GSIMSCI 377.78 (+0.54) HSIMSCI FUTURES 377.10 (-0.20) Friday Change KL COMP 1,820.89 -9.02 NIKKEI 225 17,459.85 +211.35 HANG SENG 23,987.45 -16.83 SET 1,593.91 -5.91 JAKARTA 5,149.89 +4.57 MANILA 7,294.38 +29.04 KOSPI 1,980.78 -1.31 SHENZHEN B 989.36 +2.76 MUMBAI IND 28,693.99 +255.08 11am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.535 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.304 (US$/S$ per 1.568 2.045 EURO (US$/S$/€ 1.244 1.622 Foreign currency per US$ S$ YEN 118.20 90.70 RM 3.376 2.590 HK$ 7.753 5.948 BAHT 32.82 25.18 RUPIAH 12,199 9,358 RENMINBI 6.145 4.714 INDIAN RUPEE 61.99 47.56 A$ 1.177 0.903 NZ$ 1.276 0.979
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    • Article
      Lock icon Keppel chairman conferred Belgian honour
      127 2 KEPPEL Corporation chairman Lee Boon Yang was bestowed the Belgian national award of Commander of the Order of the Crown on Thursday in recognition of his contributions to economic cooperation and trade between Singapore and Belgium. The Order was bestowed by Belgium’s Princess Astrid during
      127 words
    • Article
      Lock icon Banks’ foreign-currency loans in October up 18%
      510 4  -  Growth reflects how foreign banks are using Singapore as a funding hub through intragroup deposits from their head office: MAS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE banks are still fattening up their foreign-currency loan books, in line with the country’s clear position
      510 words
    • Article, Illustration
      Lock icon MAS raps HSBC for breaching Financial Advisers Act
      313 4  -  By Angela Tan angelat@sph.com.sg Singapore THE Singapore branch of the Hongkong and Shanghai Banking Corporation (HSBC) has been reprimanded by the Monetary Authority of Singapore (MAS) for breaching Section 23B(3) of the Financial Advisers Act (FAA). Under the section, a principal cannot
      FILE PHOTO  -  313 words
    • Article, Illustration
      Lock icon Sweet victory for Petra Foods
      561 4  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore SWISS firm Nestle, one of the world’s largest food companies, was dealt a major blow in its bid to protect the two and four-fin-ger Kit Kat bar shapes here by the Singapore High Court following a ruling made on
      FILE PHOTO  -  561 words
    • Article, Illustration
      Lock icon Losers and winners on SGX
      495 5  -  Offshore and marine stocks fall while transport shares gain OIL ROUT By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore OFFSHORE and marine (O&M) companies listed in Singapore were dragged down by plummeting oil prices on Friday, as Opec’s decision not to cut production sent Brent crude crashing
      Source: SGX  -  495 words
    • Article, Illustration
      Lock icon Is oil price plunge good or bad for global economy?
      613 5  -  COMMENTARY Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Correspondent THE crude oil price has fallen to a four-year low. That should be a good thing, apparently, for the world as it is supposed to help catalyse economic growth. There are, however, strong arguments
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    • Article
      Lock icon Mixed picture emerges for Japan economy ahead of snap polls
      544 6  -  Some figures point to gradual rebound but slower core consumer inflation suggests otherwise By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE economic data released on Friday offered a mixed picture of how the world’s third-largest economy is faring in the wake of
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    • Article
      Lock icon A healthy attitude to deflation
      806 6  -  By Edward Hadas REUTERS BREAKINGVIEWS THE experts got 2014 wrong. As Barclays points out in its latest Global Outlook for investors, the consensus at the beginning of the year was that GDP growth would pick up fairly strongly in developed economies, government bond yields would
      REUTERS BREAKINGVIEWS  -  806 words
    • Article
      Lock icon Cash-rich marine fuel traders to gain from OW’s fall
      357 6 Reuters Singapore THE downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the postOW Bunker jostle for market share towards cash-rich trading companies and barge operators, traders said. Marine fuel premiums over
      Reuters  -  357 words
    • Article, Illustration
      Lock icon MAS posts Q3 loss of RM576m
      535 7  -  Passenger load down to 73% due to stiffer competition and the 2 aircraft disasters By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA Airlines’ passenger load factor has fallen to 73 per cent. The airline said this on Friday as it posted wider losses of RM576
      PHOTO: BLOOMBERG  -  535 words
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      55 2 CONTENTS LIVING Cover Story L2-4 Dining L5-7 Home Garden L8-9 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Design L10-11 Travel L12 Health
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      28 3 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      271 3 WAREHOUSE A I F 29-30th I H 7H Nov 2014 10AM8PM ALSO AVAILABLE ONLINE www.oaks.COim.sg 2 DAYS ONLY FREE WINE SAMPLING Over 300 items available! Usual Now Rating Penfolds Grange 2009 988.00 Opus One 2007 590.00 Almaviva 2008 225.00 Ch. Cheval Blanc 2004 690.00 Ch. Clos L'Eglise 2002 162.00 Ch.
      271 words
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      67 5 SINGAPORE —SWEEP— 1 ST PRIZE $2,300,000 2 nd p R ZE 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) SlNGATOffi —swEEPira m S3 ra Date 20M^, 2 *****68 2014 3ecemt>er Draw Date: 2014****** DRAW ON WEDNESDAY, 3 DEC 2014 p A Always play
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      Lock icon Page 7 Advertisements Column 1
      52 7 STPR#PERTY SEMINAR EXPO 2014 Suntec Singapore Convention Exhibition Centre Level 3 Summit 1 and 2, Rooms 321 and 322 Saturday Sunday, 29-30 November 2014 10.30am to 7.00pm Enjoy the STProperty Invest Rebate! RM8,888 for first 5 property purchases. Terms and Conditions apply. L' K b. a I I SEE YOU
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Protecting and doing good
      2767 8 / 9  -  Chairman of Lloyd’s of London, John Nelson, says the 326-year-old insurance institution still attracts huge amounts of capital because of the confidence it inspires. By Genevieve Cua gen@sph.com.sg @GenCuaBT THINK of an item of value or any risk and chances are, you will find a Lloyd’s
      PHOTO: ARTHUR LEE  -  2,767 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon Oil price slump weighs on bonds from oilfield-services providers
      853 10 Such providers are seen as most vulnerable to lower commodity prices Bloomberg Singapore BONDS from oilfield-services providers are the worst performers among all local notes this year, with the price of the fuel having slumped more than 30 per cent since
      Bloomberg  -  853 words
    • Article, Illustration
      Lock icon Olam short-sellers wrong-footed
      378 10  -  HOT STOCK| By R Sivanithy sivan@sph.com.sg @RSivanithyBT Singapore IT DOESN’T pay to short-sell Olam International’s shares in a quiet session for the local stock market on Friday, the main talking point came from an unexpected source the buying-in segment, where a whopping 13.2 million shares of Olam
      Source: Bloomberg  -  378 words
    • Article
      Lock icon Straco completes S$140m acquisition of Singapore Flyer
      291 10  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore STRACO Leisure, a subsidiary of tourism operator Straco Corporation, has completed its acquisition of the Singapore Flyer ferris wheel for S$140 million. Mainboard-listed Straco Corporation announced on Friday morning that the deal involving the acquisition of business
      291 words
    • Article, Illustration
      Lock icon S’pore market value breaks slide, but possible bumps ahead
      568 11  -  Nov market cap up 1.2% from Oct, first rise since July By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore STOUT banks and defensive blue chips lifted the value of the Singapore stock market out of a three-month slump in November, but analysts are
      Compiled by BT  -  568 words
    • Article
      Lock icon SIA’s Tiger bid gets nod from competition commission
      257 11  -  By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore SINGAPORE Airlines (SIA) has received the green light from the Competition Commission of Singapore for its proposed acquisition of Tiger Airways Holdings Limited (Tigerair). In a statement on Friday, the commission said that it has concluded
      257 words
    • Article
      Lock icon STI STOCKS
      307 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 +3 235/231 250 206 6.1 5912.5 CapitaLand 332 unch 332/328 348 268 16.6 2.4 *****.2 CapitaMall Trust 198 +0.5 199/197.5 209 180 5.2 6867.2 CityDev 1006 +11 1010/996 1118 860 13.6
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    • Article
      Lock icon SGX ETFs Most Active
      108 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 181 +6 583 182/176 182/140 181/182 56.6 STI ETF 339 325 339/338 343/298 338/339 IS MS India US$ US785 +3 315 789/780 790/541 785/786 98.1 DBXT CSI300 US$ US820 +18 89 820/802 820/613 816/819
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    • Article
      Lock icon SIBOR
      31 12 Nov 28 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      798 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 24 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Avi-Tech Electronics 26-Nov-14 Michael Grenville Gray Buy 400 0.07 460 0.13 860 0.25 Avi-Tech Electronics 26-Nov-14 Lim
      798 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 7 0 0 0 4 5 7 Manufacturing 26 54 38 5 9 14 31 63 52 Commerce 20 18 18 2 7 4 22 25 22 Tpt/Stor/Comms 14 11 16
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,690 29,690 172,699 172,699 Manufacturing 242,498 30,024 272,522 133,682 4,250 137,932 Commerce 62,606 32,612 95,218 119,006 2,647 121,653 Tpt/Stor/Comms 89,324 1,705 91,029 151,709 643 152,352 Finance 22,313 38 22,351 198,423 8 198,430 Construction 15,183 30,048
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Nov 28 VALUE CLOSE BT OB/OS -173.00 +3.00 BT CADI -*****.00 -31.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 756.14 +1.08 FTSE ST Small Cap 512.97 -2.66 FTSE ST All Share 805.78 +1.70 FTSE ST China Top 191.33 -0.43 FTSE ST China 225.76 -0.12 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 12 VOL CLOSE($) CHANGE Travelite 4,210.0 0.180 +0.025 +16.13 Nordic 15,150.0 0.130 +0.017 +15.04 Captii 803.0 0.047 +0.004 +9.30 Yongmao 74.0 0.135 -0.020 -12.90 Debao Property 1,083.0 0.018 -0.002 -10.00 MegaChem 92.0 0.310 -0.050 -13.89 PNE Industries 737.0 0.143 -0.017 -10.63 CDW 3,128.0 0.170 +0.009 +5.59 Advanced Systems 752.0
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    • Article
      Lock icon COMMODITY FUTURES
      212 13 Nov-27 Price Net change change Last Trade Agricultural Nov-26 CBOT Soybeans (US cents/bu) 1047.00 -4.00 -0.38% 14/01/2015 CBOT Soybean Oil (US cents/lb) 33.48 0.06 0.18% 12/12/2014 CBOT Wheat (US cents/bu) 562.00 10.50 1.90% 12/12/2014 Nov-27 LIFFE Cocoa (£/tonne) 1944.00 15.00 0.78% 12/12/2014 LIFFE Coffee (US$/tonne) 2096.00 1.00 0.05%
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    • Article
      Lock icon PALM OIL
      60 13 Nov 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2125.0 2147.0 2148.0 2118.0 412 3489 Jan 15 2176.0 2174.0 2176.0 2149.0 4446 ***** Feb 15 2175.0 2172.0 2179.0 2150.0 ***** ***** Mar 15 2180.0 2176.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Nov 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.61 105.71 105.64 5-Year N*****0H 1.625 01-Oct-19 100.85 100.85 100.85 10-Year NY*****H 3.000 01-Sep-24 107.07 107.25 107.10 15-Year NY*****E 2.875 01-Jul-29 103.87 20-Year NZ*****V 3.375 01-Sep-33 109.58 109.79 109.75
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Nov 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1068 1.1075 0.8491 0.8496 Canadian dollar 1.1461 1.1466 0.8796 0.8793 Euro 1.6214 1.6217 1.2439 1.2440 NZ dollar 1.0216 1.0223 0.7837 0.7842 Sterling pound 2.0441 2.0450 1.5682 1.5687
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      210 13 Most active Nov 28 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Tritech Group Limited W*****9 3 unch 5000 1 20 52 DBS MB eCW*****2 12.7 0.3 4944 0.1 0 7 Rowsley Ltd W*****3 4.1 -0.1 4753 1 18
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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 27 Index Change Change Change Change Change Change World Preliminary 1289.1 0.0 8.8 -0.1 8.0 -0.2 5.0 EAFE Preliminary 1000.3 0.0 4.6 -0.3 -1.1 -0.3 -3.8 Europe Preliminary 1411.0 0.3 4.1
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    • Article, Illustration
      Lock icon Jardine, banks support STI as oil, gas stocks weaken
      621 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent AGENERALLYunre-markable week has just passed, made all the more unremarkable by the fact that there was no impact on local sentiment and prices from successive all-time highs on Wall Street leading up to its
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    • Article
      Lock icon GAINERS
      73 14 BY CENTS CLOSE UP 52w high/low JSH USD 3659 105.6 2.3 3810/3006 Jardine C&C 4259 55.0 1.3 4901/3330 DBXT MSKorea US$ 5710 49.5 0.7 6735/5550 UOB.ES.1411 2403 38.0 1.6 2412/2279 JMH USD 6223 30.0 0.4 6460/4934 BY PERCENTAGE CLOSE UP 52w high/low Digiland Intl 0.2 100.0 0.1 0.2/0.1 Joyas
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    • Article
      Lock icon LOSERS
      76 14 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -104.3 -0.7 *****/***** DBXT ASX200 US$ 3800 -89.9 -1.8 4403/3647 DBXT Vietam US$ 2769 -52.1 -1.4 3100/2384 DBXT DBCBLEB US$ 1567 -41.7 -2.0 2110/1567 DBXT MSEurope US$ 5870 -32.6 -0.4 6492/5366 BY PERCENTAGE CLOSE DOWN 52w high/low SembMar MBeCW*****2 1.1
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    • Article
      Lock icon MOST ACTIVE
      36 14 VOLUME APAC Strategic 90,531,000 IHC 63,043,000 Memstar Tech 53,676,000 Golden Agri-Res 45,264,000 Ezion 36,585,000 Market volume 1,394,114,000 VALUE Keppel Corp 115,915,310 DBS Grp 74,861,270 OCBC Bank 55,378,677 UOB 52,486,410 SingTel 52,150,630 Market value 1,207,375,000
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    • Article
      Lock icon SPH Reit has ‘first right of refusal’ on Seletar Mall
      620 14  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SPH Reit will have the “first right of refusal” on The Seletar Mall when its sponsor decides to divest it. The real estate investment trust management said this on Friday in response to a
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      Lock icon Page 11 Advertisements Column 1
      171 11 Enjoy 15% off Christmas goodies and 10% off festive hampers at Café Mocha! Venue: Santa Shop, Café Mocha, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Singapore *****4 Tel: (65) 6845 1066 Promotion details and booking: http://goo.gl/T52L04 Enquiries: promotions.marina@meritushotels.com Website: www.marinamandarin.com.sg About Café Mocha at Marina Mandarin Singapore This season
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Cooling measures ‘may be eased in Q3 2015’
      528 15  -  HSR sees resale HDB flat affordability falling to 2008 level by then By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IF the prices of Housing Development Board (HDB) resale flats continue to drop at their current rate, they could hit the affordability levels of
      Source: Department of Statistics, HDB, HSR Research  -  528 words
    • Article
      Lock icon Country Garden treading cautiously
      736 15  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore UNDER its drive to expand overseas, Chinese developer Country Garden is keeping its eye on development projects in Singapore’s city fringes and in Indonesia, where it is studying a few sites. But given the headwinds in Singapore’s residential market and
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    • Article
      Lock icon OUE H-Trust acquires Crowne Plaza Changi and extension for S$495m
      331 15  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore OUE Hospitality Trust (OUE H-Trust) has agreed to acquire the hotel Crowne Plaza Changi Airport (CPCA) and its adjacent extension for a total of S$495 million from its sponsor OUE Ltd. The conditional agreement
      331 words
    • Article
      Lock icon Househunt
      1078 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 15 AND OCT 21, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 9 NON-LANDED Emily Residence Apt 15/10/2014 FH 657 1050 1599 Helios Residences Apt 20/10/2014 FH 1668
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon China overtakes Japan as world’s second-biggest stock market
      516 17 Its market cap climbs to US$4.48 trillion this week while Japan’s slips to US$4.46 trillion Bloomberg Shanghai CHINA surpassed Japan as the world’s second-largest stock market for the first time in three years amid growing investor confidence that policymakers in Beijing will
      Bloomberg; PHOTO: REUTERS  -  516 words
    • Article
      Lock icon China deposit insurance seen putting small banks at risk
      367 17 Bloomberg Shanghai CHINA’S plan to introduce a deposit insurance programme may exacerbate a liquidity shortage at smaller banks and increase their chance of failure as savings shift to the biggest state-controlled lenders. While the move could limit systemic risks, it may
      Bloomberg  -  367 words
    • Article
      Lock icon Low rates push Europe’s companies into riskier investments
      366 17 Reuters London EUROPEAN firms squeezed by low interest rates are having to consider new, riskier ways to manage trillions in corporate cash as they are snubbed by banks awash in new regulation that may also spell the demise of their go-to investment
      Reuters  -  366 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Jakarta to probe energy sector in 2015
      618 18 Anti-graft watchdog KPK will work with tax officials and police to weed out ‘oil-and-gas mafia’, says Jokowi Reuters Jakarta INDONESIA’S anti-graft watchdog will launch an unprecedented investigation next year into the energy industry as part of a stepped-up campaign to rid the sector
      Reuters  -  618 words
    • Article, Illustration
      Lock icon Sime Darby Q1 profit up 2.4% at RM500.7m
      476 18  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur DESPITE a nearly 9 per cent fall in the price of crude palm oil between July and September, Malaysian multinational Sime Darby has reported a 2.4 per cent rise in earnings for the period, boosted by
      FILE PHOTO  -  476 words
    • Article
      Lock icon Private equity funds see promise in battered Aussie mines
      421 18 Reuters Melbourne PRIVATE funds are trawling for bargains in Australia in the aftermath of a global mining boom, looking to strip the fat at companies and projects they believe hold promise, but which are struggling under the weight of sagging commodity
      Reuters  -  421 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Samsung staff fear being sacked in annual reshuffle
      537 19 Firm’s worst earnings in three years expected to cost many jobs Reuters Seoul INSIDERS say staff at Samsung Electronics have never been so anxious ahead of the annual reshuffle, as a weak smartphone performance and its worst earnings in three years are
      Reuters; PHOTO: AFP  -  537 words
    • Article
      Lock icon Western media websites hacked by Syrian Electronic Army
      378 19 Reuters London THE websites of British and North American media organisations and retailer Wal-Mart’s Canadian unit were hacked in a suspected attack by the Syrian Electronic Army (SEA), an amorphous hacker collective that supports Syrian President Bashar al-Assad. Among media sites hit
      Reuters  -  378 words
    • Article
      Lock icon Twitter to track apps on users’ devices to help tailor content
      273 19 Bloomberg San Francisco TWITTER Inc said it will start collecting lists of applications installed on users’ mobile devices to help tailor the content it displays for members, including marketing messages. The feature, called “app graph”, will help provide more
      Bloomberg  -  273 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Thanksgiving deal hunt draws millions to the stores in US
      594 20 Shoppers spoilt for choice as big retailers offer discounts on holiday gifts earlier than ever Bloomberg New York TERRANCE Martin, a 42-year-old truck driver, lined up at a Best Buy Co store in Paramus, New Jersey, at 7am on Thursday
      Bloomberg; PHOTO: BLOOMBERG  -  594 words
    • Article, Illustration
      Lock icon Floating football field keeps Thai tourism blues at bay
      455 20 AFP Koh Panyee, Thailand WITH its stunning limestone cliffs towering over stilt houses surrounded by azure waters, the island of Panyee is a typical Thai paradise. But it’s not mother nature drawing tourists here it’s a floating football pitch. Thailand’s tourism
      AFP; PHOTO: AFP  -  455 words
    • Article
      Lock icon Indonesian officials ordered to eat street food, stop big parties
      351 20 AFP Jakarta INDONESIA has ordered officials to eat local street food at meetings instead of fancy foreign fare and stop holding lavish parties, the latest moves by the new government to crack down on bureaucratic excess. Snacks such as cassava,
      AFP  -  351 words
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  • TRANSPORT
    • Article, Illustration
      Lock icon Japan to follow US lead on Takata issue
      710 21 It will tell carmakers to recall all vehicles with potentially dangerous driver’s-side air bags NYT Tokyo JAPAN will follow the United States in forcing carmakers to recall all vehicles containing potentially dangerous driver’s-side air bags made by Takata Corp, Transportation Minister Akihiro
      NYT; PHOTO: REUTERS  -  710 words
    • Article
      Lock icon VLCC rates could climb higher after hitting nine-month high
      434 21 Reuters Singapore RATES for very large crude carriers (VLCCs) on key Asian routes could nudge higher amid a flurry of new cargoes and tighter tonnage supply that have propelled rates to their highest in nine months, brokers said on Friday. Freight
      Reuters  -  434 words
    • Article
      Lock icon China motorists cross 330m as cities struggle to cope
      255 21 Bloomberg Shanghai CHINA now has about the same number of licensed drivers as there are people in the US, even though two out of three adult Chinese still aren’t qualified to operate a motor vehicle. There are now more than 300
      Bloomberg  -  255 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Global oil price slide undercuts Kuroda’s inflation efforts
      445 22 Economist sees high chance of further monetary easing sometime around July Bloomberg Tokyo WHEN a country imports almost all its energy, a slide in oil prices to a four-year low should be helpful cutting costs for companies and households. For Japan, it
      Bloomberg  -  445 words
    • Article, Illustration
      Lock icon WTO adopts landmark global trade reform
      441 22 Reuters Geneva THE World Trade Organization (WTO) has adopted the first worldwide trade reform in its history, after years of stalemate, months of deadlock and a final day’s delay following an eleventh-hour objection. The agreement means the WTO will introduce new standards for customs
      Reuters  -  441 words
    • Article
      Lock icon Myanmar govt rules out summit on constitution
      365 22 Reuters Yangon A SUMMIT of political leaders proposed by Myanmar’s Parliament to debate constitutional change is “impractical” and unlikely to happen, the president’s spokesman said in a further setback to hopes for full democracy after 49 years of military rule. A semi-civilian government
      Reuters  -  365 words
    • Article
      Lock icon Eurozone inflation back at 5-year low in November
      411 23 Reuters Brussels ANNUAL inflation in the eurozone cooled to 0.3 per cent in November as energy prices fell, suggesting deflation remains a real threat for the European Central Bank. The reading on Friday marked a return to September’s five-year low for consumer
      Reuters  -  411 words
    • Article, Illustration
      Lock icon Broken election promises hurting Abbott
      548 23 His plans to cut school, hospital and broadcaster funding causes big approval fall Bloomberg Sydney TONY Abbott, whose relentless taunts of Julia Gillard for breaking an election promise helped make him Australia’s 28th prime minister, is suffering the biggest fall in public approval for a
      Bloomberg  -  548 words
    • Article
      Lock icon HK protest leaders call for rally at government offices
      217 23 Bloomberg Hong Kong THE Hong Kong Federation of Students called for pro-de-mocracy protesters to rally outside the government’s headquarters on Sunday, amid signs the movement is faltering after police cleared a key protest site. “Please prepare resources in these two days,”
      Bloomberg  -  217 words
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      Lock icon India’s Q2 economic growth slows to 5.3%
      436 24 Economist says the onus is on New Delhi to boost growth by reviving the investment climate and get reforms moving Reuters New Delhi DATA released on Friday that showed a slowdown in India’s economy will put the central bank under renewed pressure to
      Reuters; PHOTO: AFP  -  436 words
    • Article
      Lock icon India to cut stakes in state lenders to raise US$14.4b
      375 24 Reuters New Delhi THE Indian government plans to raise about US$14.4 billion by reducing its stakes in state-run banks to 52 per cent, the junior finance minister said on Friday, sending shares of state lenders higher. The government holds stakes
      Reuters  -  375 words
    • Article, Illustration
      Lock icon Plan proposed to counter EU ‘stagnation’
      581 25 Economists offer trade-off between French labour market shake-up and German infrastructure investment boost Reuters Paris WARNING that Europe risks a “stagnation trap”, leading French and German economists have proposed reforms and investments to revive growth in the eurozone’s two biggest economies, but Berlin swiftly
      Reuters; PHOTO: AFP  -  581 words
    • Article
      Lock icon Brazil’s new finance chief pledges balanced growth, fiscal discipline
      567 25 Reuters Brasilia BRAZIL’S incoming finance minister Joaquim Levy has vowed to cut spending and clean up the country’s finances, aiming to rebuild trust with investors after years of weak growth and erratic economic policies. In his first public comments after President
      Reuters  -  567 words
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      57 23 HOT PROPERTY JLN TUA KONG/ Figaro St. 3+1 rm. 9999 yrs. Move in. Rare Corner. Only $999psf SUPER JOO CHIAT Walk-up. Reno. 3+balcony dream! 1668 sqft. FH. Eunos MRT isabelredrup.com/ir3.php.$2.38m. CASERO DUNMAN 1593 sf Modern 2 bdrm PH $1.68M! Great location. PRIVATE APARTMENTS FOR SALE Check this and many other
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      772 24 THE BUSINESS TIMES NOTICES INTHE MATTER OF THE COMPANIES ACT. CAP 50 AND INTHE MATTER OF KTK OFFSHORE PTE. LTD. Co. Registration No. *****3829K (IN MEMBERS’VOLUNTARY LIQUIDATION) That an Extraordinary General Meeting of the abovenamed Company held at 1 Bukit Batok Crescent #06-01/02 Wcega Plaza, Singapore *****4 on 26th November
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  • OPINION
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      Lock icon Wuhan – China’s entertainment mecca
      1072 26 / 27  - Wuhan China’s entertainment mecca Developer Dalian Wanda has spent 50b yuan on the project to transform the country’s industrial heartland. By Shu-Ching Jean Chen By Shu-Ching Jean Chen btworld@sph.com.sg Wuhan HERE in the industrial heartland of China, along the scenic East Lake and Yangtze River, a big swathe of land
      PHOTO: REUTERS  -  1,072 words
    • Article, Illustration
      Lock icon The trick to being more virtuous
      901 26 / 27  -  By Arthur Brooks NYT SEVERAL years ago, I visited Provo, Utah in the heart of what its residents call “Happy Valley” to deliver a lecture at Brigham Young University. My gracious hosts sent me home with a prodigious amount of branded souvenirs: T-shirts, mugs
      NYT; PHOTO: SCV  -  901 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Most stock funds lag their benchmark index
        945 28 / 29  -  Lipper says it is probably their worst comparative showing in 30 years. Even long-time standouts are lagging, at a time when advisers are growing more focused on fees. By Ross Kerber By Ross Kerber Reuters Boston STOCK-PICKING fund managers are testing their investors’
        Reuters; PHOTO: AFP  -  945 words
      • BROKERS' TAKE
        • Article
          Lock icon Keppel Land
          158 28 / 29 Buy OCBC Research Nov 28 Nov 28 close: S$3.37 KEPPEL Land (KPLD) announced its wholly owned subsidiary, DC Reit Holdings Pte Ltd, has entered into a subscription agreement with Keppel DC Reit Management Pte Ltd, the manager of Keppel DC Reit, to subscribe for about 43.3 million units
          158 words
        • Article
          Lock icon Lian Beng Group
          68 28 / 29 Not Rated UOB Kay Hian Nov 28 Nov 28 close: S$0.66 LIAN Beng is in good stead for earnings expansion given strong property development sales and growing recurring income. It is currently trading at consensus FY2015F price earnings 6.0x, lower than its peers’ average of 14.3x. Consensus
          68 words
        • Article
          Lock icon Giken Sakata
          241 28 / 29  -  Compiled by Claire Huang Buy Religare Institutional Research Nov 28 Nov 28 close: S$0.295 SINGAPORE-LISTED Giken Sakata (GSS) has transformed into an onshore oil field play post its acquisition of Indonesian oil gas assets via share acquisitions in Cepu Sakti Energy. While GSS’s legacy business is precision machining
          241 words
      • Article, Illustration
        Lock icon UBS going bigger on digital services
        936 30  -  New platform will boost clients’ access to relevant markets and portfolio analysis next April Genevieve Cua gen@sph.com.sg Personal Finance Editor PRIVATE banking prides itself on a personalised relationship, but UBS will take this a step further next April through a digital platform that will
        936 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon MasterCard lines up golfer getaways
      413 31  -  With Indonesia, Malaysia and Thailand the top golfing destinations, it is lining up golf and lifestyle breaks By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore NEARLY three in four golfers in Singapore last year played at least one round overseas, and MasterCard wants to do more to
      413 words
    • Article
      Lock icon Evolve, One FC ready to pump more money into MMA
      294 31  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore DESPITE having invested more than S$40 million into the mixed martial arts (MMA) scene in Singapore to date, Chatri Sityodtong and Victor Cui are far from done. The duo founders of Evolve MMA and
      294 words
    • Article, Illustration
      Lock icon He came, he saw, he brought the house down
      321 31  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore MINISTER for Culture, Community and Youth Lawrence Wong arrived at a recent ChildAid rehearsal with his own electric guitar and went on to wield the six-string instrument like a maestro. He had clearly learnt the
      321 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      321 31 CRYPTIC CROSSWORD Across 1 Manager plunged into Eastern sea showing relief (8) 5 Dish for alcoholic drink (6) 10 Move fast to suppress dissent (3,4,4,4) 11 Work too hard to get public a vote (7) 12 King rejected an extremely wicked activity (7) 13 English journalists gripped by such strong
      321 words
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      121 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1892 AUDEMARS PIGUET BECAME THE FIRST WATCHMAKER TO PRESENT A STRIKING MINUTE REPEATER IN A WRISTWATCH. THE 2014 MILLENARY MINUTE REPEATER IS THE LATEST EXPRESSION OF THIS PIONEERING SPIRIT. THE EXPOSED CALIBRE OF THE MILLENARY SERIES ALLOWS THE FINE DECORATION
      121 words
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      61 1 LivingBTTHE BUSINESS TIMES WEEKEND NOV 29-30, 2014 'TIS THE SEASON FOR MARKET-HOPPING Trending now: speciality Christmas markets L2-4 HOME GARDEN Home is where the art is L8-9 STYLE Joel Robuchon launches cookbook L5-6 DESIGN President’s Design Award winners L10-11 DINING Eateries multitask to stand out L7 PHOTO: DREAM MARKET DESIGN
      61 words
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  • BT Living
    • Article, Illustration
      Lock icon GO MARKET-HOPPING
      1374 2 / 3  -  Independent local artisans, crafters and food producers are redefining the ‘quaint Christmas market’ concept with alternative stocking-fillers. By May Yip By May Yip IT’S the most lucrative time of the year, as shoppers exercise negligible financial restraint, preferring instead to dive headlong into spending sprees for loved ones
      PHOTOS: NAIISE, THE VINTAGE PARLOUR; PHOTOS: DREAM  -  1,374 words
    • Article, Illustration
      Lock icon MARKET ROUND-UP
      492 4  -  Navigate the circuit of Christmas markets with this handy guide. By May Yip Goddess Purrzaar Market EXPECT over 34 vendors at this multi-dimensional pop-up retail experience. Head to the second floor where cat lovers can lap up the Purrzaar market, brimming with cat-inspired artworks and wares, pet accessories
      PHOTOS: THE EDIBLE CO, FILE  -  492 words
    • DINING
      • Article, Illustration
        Lock icon Combo outings
        1100 5  -  Food places opt for multitasking to stand out as one comprises a restaurant, bar and creative workshop; while the other aims to provide back-to-basics partying with good food. By Tiong Li Cheng By Tiong Li Cheng Jalan Besar’s newest kid on the block The Refinery 115 King George’s
        PHOTOS: YEN MENG JIIN, CLOUD  -  1,100 words
      • Article, Illustration
        Lock icon Healing with food
        1255 6 / 7  -  Joel Robuchon, who has 28 Michelin stars, shares his new cooking philosophy that goes beyond taste, embracing the nourishing and restorative power of food. By Jaime Ee By Jaime Ee WHEN it comes to food, it’s very clear. Gourmet cuisine is gourmet cuisine, health food is health
        PHOTOS: YEN MENG JIIN  -  1,255 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Home is where the pop art is
        1095 8 / 9  -  personal space Sisters June and Alicia Chua home in on collectibles in their Sengkang flat. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT VISITORS to the Sengkang apartment owned by sisters June and Alicia Chua may, at first glance, think they
        PHOTOS: JOSEPH NAIR, FREE SPACE INTENT  -  1,095 words
    • DESIGN
      • Article, Illustration
        Lock icon CUTTING-EDGE WINS
        1299 10 / 11  -  Design is an inextricable part of our lives, as can be seen from these products that won accolades at the President’s Design Award. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT YOU may not realise it but design is very much in our daily lives, judging
        1,299 words
    • TRAVEL
      • Article, Illustration
        Lock icon Coming up trumps in trendy SoHo
        730 12  -  Donald Trump’s first foray into downtown Manhattan is Trump SoHo, an effortlessly luxe hotel which fits nicely into the stylish neighbourhood. By Dylan Tan By Dylan Tan dylantan@sph.com.sg @DylanT anSYBT ANY property hunter will tell you it’s all about “location, location, location” but it
        730 words
    • HEALTH
      • Article, Illustration
        Lock icon How diets affect longevity
        1427 13  -  A new study reveals that fad diets show only short-term gains whereas a more holistic, plant-based diet that embraces community bonding offers long-term benefits Michael Lim ~Dr Lim is the medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia, a
        PHOTO: FREEIMAGES  -  1,427 words
    • MOTORING
      • Article, Illustration
        Lock icon Sweet little Polo
        631 14  -  They may be small and efficient city cars but they are also fun to drive. By Samuel Ee samuelee@sph.com.sg GOING by the model name, the Volkswagen Polo 1.2 TSI may not sound like a new car but it is. This five-door mini hatchback still has a 1.2-litre
        631 words
      • Article, Illustration
        Lock icon POWER OF D
        619 15  -  The new Mini Cooper D has a powerful turbodiesel engine that makes it fun yet frugal. By Samuel Ee By Samuel Ee samuelee@sph.com.sg MU C H h a s a l ready been written about the new Mini, its styling and its novel three-cyl-inder engine, so p
        619 words
    • GOLF
      • Article, Illustration
        Lock icon Equipping players at a good price
        543 16  -  Working closely with major suppliers allows Golf Direct to provide a full range of brands and products. By Justine Moss By Justine Moss ASPIRING golfers, as well as more established players, who want to pick up equipment at a discounted price can now head
        543 words
      • Article, Illustration
        Lock icon Fitting right in the heart of Orchard
        293 16  -  By Justine Moss HONMA customers will now have an added incentive to visit the Pan-West Wheelock place outlet. It recently opened South-east Asia’s first Honma Performance Fitting Studio together with Honma Golf Japan. The studio will offer full Honma customisation and fitting services,
        293 words
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      841 6 / 7 wine&dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard, Level 4Z 6845-1111 Wines And Cheese For a limited period only, appreciate a selection of promotional wine at the Atrium Lounge and enjoy a free Cheese Platter for every bottle of featured wine you order. Relax and indulge in
      841 words
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