The Business Times, 1 December 2014

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    30 1 THE BUSINESS TIMES S$1.00 SjSl A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G Z ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Mo day, Decem 1
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  • Article, Illustration
    Lock icon DAILY DIGEST
    229 1 Stocks in the US inched higher last week as a crash in oil prices supported an apparent boom in holiday sales. Tradition suggests the bulls will stay in control this week. TOP STORIES 2 Property consultants expect the Singapore government to continue scaling back the supply of private
    229 words
  • Article, Illustration
    Lock icon S-Reits’ performance recovers on expected rate hike delay
    936 1  -  Analysts say DPU risks are contained, but unit prices and property valuations may fall if interest rates rise By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE performance of real estate investment trusts (Reits) in Singapore has recovered this year, reflecting what analysts say
    Source: DMG & Partners Research; Source: Bloomberg  -  936 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,350.50 (+5.18) KL COMP 1,820.89 (+11.76) NIKKEI 225 17,459.85 (+102.34) HANG SENG 23,987.45 (+550.33) SHENZHEN B 989.36 (+22.00) DOW 17,828.24 (+18.18)
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      Lock icon Page 1 Advertisements Column 1
      123 1 *****4 BT BUDDING ARTISTS FUND Disadvantaged youths get a new arts home TOP STORIES 5 GOTO GOES MAINSTREAM But quality and execution still reign at G-One WHERE WILL THE MONEY GO? Smart investing in a post-QE world BT INVESTMENT ROUNDTABLE 25 DINING OUT/29 KAZAKHSTAN President Nursultan Nazarbayev’s key role in
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  • TOP STORIES
    • Article, Illustration
      Lock icon Bullish tone seen this week
      908 2  -  Traders look for a strong start to the holiday-shopping season in the markets WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg STOCKS inched higher last week as a crash in oil prices supported an apparent boom in holiday sales. Tradition suggests the bulls will stay in
      PHOTO: AFP  -  908 words
    • Article
      Lock icon China policy in question after KMT’s huge poll loss
      508 2 AFP Taipei TAIWAN’S warm relations with China were called into question on Sunday after the island’s Beijing-friendly ruling party suffered its worst-ever polls defeat in local elections, sparking the resignation of several of its senior leaders. The rout came as the
      AFP  -  508 words
    • Article
      Lock icon Further cut of private housing land expected
      1520 4  -  Property consultants expect at least one office site on confirmed list of H1 2015 GLS Programme By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore PROPERTY consultants expect the government to continue scaling back the supply of private housing land on the confirmed list for the
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    • Article
      Lock icon China launches draft rules for insurance of bank deposits
      505 4 REUTERS Beijing CHINA on Sunday issued draft regulations to introduce a bank deposit insurance system for the first time, the latest in a series of steps that pave the way for liberalising lending rates. The draft rules, issued by the Legislative
      REUTERS  -  505 words
    • Article
      Lock icon PwC urges SME boosts, innovation in 2015 budget
      484 5  -  Measures will help lay Singapore’s foundation for next 50 years, it says By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore FORGET Santa Claus and Christmas. It is only Dec 1, and PwC already has its wishlist ready for the 2015 Singapore budget. Measures to
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    • Article, Illustration
      Lock icon Disadvantaged youths get a new arts home
      617 5  -  Beneficiaries of The Business Times Budding Artists Fund will train at 10sq a new arts space in Orchard Central By Helmi Yusof helmi@sph.com.sg @HelmiBT Singapore FOUR years ago, when social entrepreneur Colin Goh first set eyes on the carpark on the 10th storey
      PHOTO: SIMPLIFAI STUDIOS  -  617 words
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      582 2 r t* 'sea Dr Harold Choil i Dr Jacob Cheng Dr Julian Theng Dr Lynn Yeo Dr Kelvin Lee L, Run by Doctors, Trusted by All Building Quality Eye Care Since 2006 Built on a vision that quality eye care can be made more affordable and accessible, the brand was
      582 words
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  • Page 4 Advertisements
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      253 4 M nanyang A 1TA TECHNOLOGICAL UNIVERSITY Nanyang Business School MSC FINANCIAL ENGINEERING PROGRAMME RACING AHEAD Young and research-intensive, Nanyang Technological University (NTU Singapore) is the fastestrising university in the world’s Top 50 and ranked 39th globally. NTU is also placed 1st amongst the world’s best young universities. The Nanyang Business
      253 words
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      Lock icon Page 4 Advertisements Column 2
      65 4 MERRIFICENT CHRISTMAS TAKEAWAYS Festive celebrations wherever you may be gets better with our #welovetakeouts selection. Indulge in our savoury festive roast delights and sweet homemade Christmas desserts with your loved ones. Our best seller, Heritage Peranakan Roasted Turkey is back by popular demand, alongside with our Peach Blossoms’ Signature Smoked
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  • Page 5 Advertisements
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      216 5 I ZT’S, V >./±. h 3 ft i*r **5 if m E <*C *5 I 5. V «f r U A- 'Vf ft ap« ma tv a ’V >- u (S& s$5 »S--V <- K ■MgBPg U si 4 Y L mk A bright Christmas for those who lead the
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Asian strategy bearing fruit: BTMU
      1281 6  -  Bank of Tokyo-Mitsubishi UFJ’s priority is trade finance and cash management, says its Asia Oceania CEO.BY TTTOPLINE CEO.BY SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT JAPAN’S biggest lender, Bank of TokyoMitsubishi UFJ (BTMU), is reaping dividends from its overseas strategy and, in particular, the push into Asia.
      PHOTO: ARTHUR LEE; Source: BTMU  -  1,281 words
    • Article
      Lock icon Deadline passes with no Stats-JCET deal; exclusive talks to go on
      284 6  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore EXCLUSIVE talks over the potential sale of Stats ChipPAC to China’s Jiangsu Changjiang Electronics Technology Co (JCET) may continue until Dec 20 after no deal was reached by the original deadline on Sunday.
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    • Article, Illustration
      Lock icon Cutting it as a director
      796 8  -  Continuing professional development is a personal responsibility. BY BENEDICT LIM T The writer is a member of the Membership Committee of the Singapore Institute of Directors THE training of directors is increasingly recognised as crucial in a rapidly changing and more complex regulatory and business
      796 words
    • Article
      Lock icon Buy activity falls and selling remains low
      2305 8  -  TT INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Ltd BUYING fell while selling among directors was low for the fourth straight week based on filings on Singapore Exchange in the last week of November. A total of
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    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist WEEKLY Straits Times Index NOV 28,2014 3,350.5 +5.18 (+0.15%) Current streak 1 day Week high 3,350.5 Week low 3,340.53 52-week high 3,350.50 (NOV 28, 2014) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist index NOV 28,2014 777.56 -16.94 (-2.13%) Current streak 2 days Week high 795.45 Week
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    • Article, Illustration
      Lock icon Oil prices, Olam buying-in main features this week
      662 10  -  TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT LAST week’s column alerted readers to the likelihood that the Straits Times Index would be propped up or “window-dressed” on Friday. This is because some funds close their books for the year on Nov 30 and,
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      36 10 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index NOV 28,2014 805.78 +1.22 (+0.15%) Current streak 1 day Week high 806.08 Week low 804.08 52-week high 816.11 (July 25, 2014) 52-week low 733.83 (Feb 7, 2014)
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    • Article
      Lock icon STI STOCKS
      307 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 +8 235/225 250 206 6.1 5912.5 CapitaLand 332 +5 337/328 348 268 16.6 2.4 *****.2 CapitaMall Trust 198 +1 201/196.5 209 180 5.2 6867.2 CityDev 1006 +9 1010/983 1118 860 13.6
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    • Article
      Lock icon GAINERS
      77 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 495.3 1.9 *****/***** SPDR DJIA US$ ***** 376.7 1.6 *****/***** DBXT MSEurope US$ 5870 250.3 3.4 6492/5366 DBXT MSKorea US$ 5710 208.6 2.9 6735/5550 DBXT China50 US$ 3199 164.2 4.1 3367/2577 BY PERCENTAGE CLOSE UP 52w high/low Sing-eDev w*****0
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    • Article
      Lock icon LOSERS
      76 10 BY CENTS CLOSE DOWN 52w high/low DBXT ASX200 US$ 3800 -286.8 -5.5 4403/3647 DBXT iBoxxSvEu US$ ***** -126.4 -0.4 *****/***** DBXT Vietam US$ 2769 -105.6 -2.8 3100/2384 Hyflux 6% CPS ***** -60.0 -0.6 *****/***** GLD US$ ***** -53.4 -0.4 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low Ezion MBeCW*****2 0.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      79 10 VOL CLOSE($) CHANGE Travelite 4,210.0 0.180 +0.025 +16.13 Nordic 15,150.0 0.130 +0.017 +15.04 Captii 803.0 0.047 +0.004 +9.30 Yongmao 74.0 0.135 -0.020 -12.90 Debao Property 1,083.0 0.018 -0.002 -10.00 MegaChem 92.0 0.310 -0.050 -13.89 PNE Industries 737.0 0.143 -0.017 -10.63 CDW 3,128.0 0.170 +0.009 +5.59 Advanced Systems 752.0
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 10 STI MSCI EAFE WEEKLY MSCI EAFE index NOV 28,2014 1,839.73 +8.53 (+0.47%) Current streak 2 days Week high 1,848.79 Week low 1,832.96 52-week high 1,993.20 (July 4, 2014) 52-week low 1,737.51 (Oct 17, 2014)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 4 0 0 0 3 9 4 Manufacturing 57 83 30 11 13 13 68 96 43 Commerce 27 33 15 3 11 3 30 44 18 Tpt/Stor/Comms 18 17 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 91,048 91,048 439,572 439,572 Manufacturing 1,304,055 284,192 1,588,247 607,888 20,084 627,972 Commerce 667,644 190,628 858,272 570,874 12,390 583,264 Tpt/Stor/Comms 514,124 5,694 519,818 932,350 2,059 934,409 Finance 90,694 2,774 93,468 850,592 581 851,173 Construction 189,753 144,372
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    • Article
      Lock icon Crude prices slump as Opec targets US shale
      783 10 TT COMMODITIES AFP London CRUDE oil prices hit four-year lows last week after Opec held output levels despite global oversupply, in a move perceived by some analysts as an attack on booming US shale energy. Heavy falls in the oil market also
      AFP  -  783 words
    • Article
      Lock icon MOST ACTIVE
      37 10 VOLUME IHC 319,873,000 Suntec Reit 275,350,000 GSH 265,332,000 Golden Agri-Res 238,321,000 APAC Strategic 200,518,000 Market volume 8,188,177,000 VALUE Suntec Reit 531,685,985 SingTel 454,335,147 DBS Grp 325,031,223 Keppel Corp 269,469,576 Forterra Trust 241,269,573 Market value 6,335,990,000
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    • Article
      Lock icon SGX ETFs
      113 10 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US785 +7 5601 790/773 790/541 785/786 98.1 UETF SSE50China 181 +16 1665 182/169 182/140 181/182 56.6 STI ETF 339 +2 882 339/337 343/298 338/339 DBXT CSI300 US$ US820 +83 221 820/759 820/613
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    • Article
      Lock icon COMPANY MEETINGS
      96 10 COMPANY MEETING PLACE DATE TIME We Hldgs E 10 Ubi Crescent Ubi Techpark (Lobby A) (Lvl 2) 01-Dec 10.00am SPH A the Auditorium 1000 Toa Payoh North News Centre (1st Storey) Annexe Block 02-Dec 10.30am Hankore Env E Pan Pacific Singapore Ocean 1-3 (Level 2) 7 Raffles Boulevard
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Nov 28 VALUE CLOSE BT OB/OS -173.00 +3.00 BT CADI -*****.00 -31.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 756.14 +1.08 FTSE ST Small Cap 512.97 -2.66 FTSE ST All Share 805.78 +1.70 FTSE ST China Top 191.33 -0.43 FTSE ST China 225.76 -0.12 FTSE
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    • Article
      Lock icon Dollar continues rise, euro extends losing streak
      391 11 TT CURRENCIES BLOOMBERG New York THE US dollar last week advanced for a fifth consecutive month as the United States moves closer to its first interest-rate increase since 2006, while policymakers from Japan, the eurozone and China pledge further stimulus to support growth.
      BLOOMBERG  -  391 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        3 11 WEEKLY
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 NOV 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.966 5.219 0.683 6.585 52.653 103.612 1.004 9.411 2.867 1.083 86.451 38.140 1.107 9.356 0.821 26.311 27.876 0.542 0.849 Canada 1.035 5.404
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        Lock icon SHANGHAI COMPOSITE
        3 11 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon NIKKEI
        2 11 WEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 11 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 NOV 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1068 1.1075 0.8491 0.8496 Canadian dollar 1.1461 1.1466 0.8796 0.8793 Euro 1.6214 1.6217 1.2439 1.2440 NZ dollar 1.0216 1.0223 0.7837 0.7842 Sterling pound 2.0441 2.0450 1.5682 1.5687
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 NOV 28 S$ Bid Offer 1-month 1.3038 1.3041 2-months 1.3040 1.3043 3-months 1.3040 1.3043 6-months 1.3039 1.3043 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        356 11 NOV 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.16 *****.90 *****.84 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Mar15 *****.00 *****.00 *****.00 *****.00 441 5407 MSCI TAIWAN INDEX FUTURES SPOT 342.44 344.00 341.86 Dec14 343.30 344.90 343.00 343.40 ***** *****9 Jan15 344.00
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        210 11 NOV 28 Most active Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****2 12.7 -0.2 ***** 0.1 0 7 Rowsley Ltd W*****3 4.1 -0.2 ***** 1 18 23 OCBC Bk MB eCW*****3 10.2 -0.1 ***** 0.2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Nov 28 Index Change Change Change Change Change Change World Preliminary 1289.3 0.0 8.8 0.3 8.3 -0.1 4.9 EAFE Preliminary 1001.9 0.2 4.8 0.2 -0.8 -0.2 -4.0 Europe Preliminary 1411.2 0.0 4.2
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    • AGRI METALS ENERGY
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        Lock icon COMMODITY FUTURES
        212 11 NOV-28 Price Net change change Last Trade Agricultural Nov-28 CBOT Soybeans (US cents/bu) 1016.00 -31.00 -2.96% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.18 -1.30 -3.88% 12/12/2014 CBOT Wheat (US cents/bu) 577.25 15.25 2.71% 12/12/2014 Nov-28 LIFFE Cocoa (£/tonne) 1924.00 -20.00 -1.03% 12/12/2014 LIFFE Coffee (US$/tonne) 2096.00 0.00 0.00%
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      • Article
        Lock icon PALM OIL
        57 11 NOV 28 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2125.0 2147.0 2148.0 2118.0 412 3489 Jan 15 2176.0 2174.0 2176.0 2149.0 4446 ***** Feb 15 2175.0 2172.0 2179.0 2150.0 ***** ***** Mar 15 2180.0 2176.0
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Nov 28 $S Offer Bid 0vernight 0.10 0.05 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ Offer Bid 7 days 0.18 0.08 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • Article
        Lock icon SIBOR
        36 11 NOV 28 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        67 11 Nov 28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.61 105.71 105.64 5-Year N*****0H 1.625 01-Oct-19 100.85 100.85 100.85 10-Year NY*****H 3.000 01-Sep-24 107.07 107.25 107.10 15-Year NY*****E 2.875 01-Jul-29 103.87 20-Year NZ*****V 3.375 01-Sep-33 109.58 109.79 109.75
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    • Article, Illustration
      Lock icon UG Healthcare eyes emerging markets
      784 12  -  The company expects sales from China, Brazil and Nigeria to increase over the next few years By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT INCREASED risks of transmission from infectious diseases over the years, such as Aids and the avian flu, have raised hygiene awareness in emerging
      PHOTO: AFP  -  784 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      1073 12 Payment Ex Rec Pay Ann (cts) date date date date AIMS Property ag 0.109 26-Sep 30-Sep 19-Dec 23-Sep AIMSAMP Cap Reit (1 Jul-30 Sep 2014) ct 2.770 05-Nov 07-Nov 23-Dec 30-Oct Ascendas Hospitality Tr (9 Apr-30 Sep 2014) ag 2.439 12-Nov 14-Nov 12-Dec 07-Nov Ascendas-iTrust 1 Apr-30 Sep
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    • Article
      Lock icon PRIME LENDING RATES
      259 12 NOV 28 BANKS Agricultural Bank Of China Agricultural Bank Of China 5.50 Bangkok Bank Public Co. Ltd 6.00 5.50 Bank of Communications 6.00 Bank of China Limited 5.50 Bank of Communications Bank of Tokyo-Mitsubishi UFJ, Ltd 5.75 Banque Internationale a 5.50 Bank of Taiwan Bank of Tokyo-Mitsubishi
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1576 12 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.00 2.00 3 10.30 14.08 1.56 1.45 ARA Asset Management Limited 2.00 2.00 4 10.45 16.56 1.97 1.73 Ascendas Hospitality Trust Mgt
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      154 6 NOTICE OF RESULTS OF MEETING HANKORE ENVIRONMENT TECH GROUP LIMITED (Company Registration No. *****) (Incorporated in Bermuda) Notice to holders of the outstanding S$50,000,000 7.50 per cent. Notes due 2015 comprised in Series 001 (ISIN: SG57B*****55) (the "Notes") of HanKore Environment Tech Group Limited (“HanKore”) convened for 10.00 a.m. (Singapore
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Cameron’s help for first-time UK homebuyers fizzles on demand
      875 13 Number of people using expanded Help to Buy plan falls to almost 3,400 in Sept from over 4,000 in May BLOOMBERG London UK Prime Minister David Cameron introduced an expanded version of the Help to Buy home-loan programme a year ago,
      BLOOMBERG; PHOTO: BLOOMBERG  -  875 words
    • Article
      Lock icon Australia still working through macroprudential policy options: official
      690 13 BLOOMBERG Sydney AUSTRALIA is still working on possible tools to strengthen mortgage-lending practices and cool an unbalanced housing market, the chairman of the nation’s banking regulator has said. The Australian Prudential Regulation Authority (Apra) is looking at the ability of borrowers to
      BLOOMBERG  -  690 words
    • Article
      Lock icon Tokyo tower sale surpasses 2007 peak prices: Credit Suisse
      252 13 BLOOMBERG Tokyo MITSUBISHi Estate’s 159 billion yen (S$1.7 billion) sale of a building in Tokyo’s most expensive business district shows that commercial property prices have surpassed their 2007 peak, according to Credit Suisse Group AG. Mitsubishi Estate said on Thursday that
      BLOOMBERG  -  252 words
    • Article
      Lock icon China home prices fall in November despite rate cut
      275 13 AFP Shanghai CHINA’S housing prices fell on a monthly basis for the seventh straight month in November, a survey showed on Sunday, with the market yet to feel the full impact of an interest rate cut. The average price of a
      AFP  -  275 words
    • Article
      Lock icon S’pore buyers close 16 M’sia property deals at expo
      252 13  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore SINGAPORE investors closed 16 Malaysian property transactions worth more than RM8.6 million (S$3.31 million) at the STProperty Seminar and Expo 2014 over the weekend at Suntec City, event organisers said. That was the highest number
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    • Article
      Lock icon DB Platinum ]
      9 13 DB Platinum Croci Branchen Stars R1C-A 21/11/2014 233,16 EUR
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    • Article
      Lock icon US property firms jump into Tel Aviv debt issues boom
      518 13 They are lured by attractive borrowing costs, high demand BLOOMBERG Tel Aviv US real estate developers are joining the largest wave of local debt issuance on the Tel Aviv Stock Exchange (Tase) bond trading platform since 2007, capitalising on yield-starved
      BLOOMBERG  -  518 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      161 13 VCCIRCLE TRAINING NS5 Learn it from the Valuation Guru Two Day Workshop on Business Valuation with ASWATH DAMODARAN Professor, Stern School of Business Venue Raffles Hotel, Singapore Deep Insights On I DCF Model Live Case Studies Valuation of all types of Companies Estimating Cash Flows, Growth Rates Patterns For more
      161 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon TOPPING THE NEWS IN 2014
      7350 14 THIS WEEK’S TOPIC What is the most significant news event of 2014, and why? Tan Chong Huat Managing Partner RHTLaw Taylor Wessing LLP THE most notable news story of 2014 has been the rise of stateless terrorist groups, with ISIS serving as the most vivid
      PHOTOS: AFP, REUTERS  -  7,350 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon UNDERSTANDING PROPERTY INDICES
      2418 16  -  Different indices can paint a conflicting picture of property prices. BY LYNETTE KHOO BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT Keeping tabs on property price movements is crucial on several fronts. For many, residential property is their single largest purchase, for which they require accurate and reliable price information.
      NUS Institute of Real Estate Studies  -  2,418 words
  • Page 16 Advertisements
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      113 16 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • BANKING & FINANCE
    • Article
      Lock icon Analysts say slowing eurozone inflation could pave way for more QE
      709 17 But this may not come at ECB’s last monthly policy meeting of the year this week AFP Frankfurt SLOWING eurozone inflation is likely to make the European Central Bank (ECB) increasingly nervous and pave the way for further monetary
      AFP  -  709 words
    • Article, Illustration
      Lock icon Bank chiefs see mergers of Italian, German lenders
      346 17 BLOOMBERG Frankfurt COOPERATIVE banks will be at the forefront of a wave of mergers among lenders in Italy and Germany, the chief executive officers of Intesa Sanpaolo SpA and Commerzbank AG said. “The Italian banking system will not be the same next
      BLOOMBERG; PHOTO: BLOOMBERG  -  346 words
    • Article, Illustration
      Lock icon UK regulator to be scrutinised over swaps redress scheme
      583 17 REUTERS London BRITAIN’S financial regulator will next week come under scrutiny from lawmakers debating whether thousands of small firms which were wrongly sold interest rate hedging products were treated fairly in a compensation scheme it set up. The mis-selling is one
      REUTERS; PHOTO: REUTERS  -  583 words
    • Article, Illustration
      Lock icon ECB’s Lautenschlaeger rebuffs QE as German opposition grows
      502 17 BLOOMBERG Frankfurt EUROPEAN Central Bank (ECB) executive board member Sabine Lautenschlaeger says quantitative easing (QE) isn’t the right policy choice for the euro area currently hardening a split among officials over the right response to slowing inflation. “A consideration of the costs
      BLOOMBERG; PHOTO: BLOOMBERG  -  502 words
    • Article
      Lock icon Greece considers accepting IMF role in next EU aid deal
      423 17 BLOOMBERG Brussels GREECE is considering bowing to external pressure and accepting a full role for the International Monetary Fund (IMF) in its next aid deal with European Union (EU) authorities, according to three officials with direct knowledge of the negotiations.
      BLOOMBERG  -  423 words
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      117 17 IN THE MATTER OF NANOYO GROUP PTE. LTD. (In Creditors’ Voluntary Liquidation) (Company No: *****3427R) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act, Cap 50, that the Final Meeting of the Members and Creditors of the abovenamed Company will be
      117 words
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  • COUNTRY FOCUS: KAZAKHSTAN
    • Article, Illustration
      Lock icon President’s key role in development
      1007 18  -  International policy, security and sustainable development are among main concerns.BY concerns.BY VINCENT WEE AS Kazakhstan prepares to celebrate its Day of the First President holiday on Dec 1, it also looks back on the guidance of the country’s first and only president, Nursultan Nazarbayev, through
      PHOTO: AFP  -  1,007 words
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      Lock icon Kazakhstan, EU set for closer economic ties
      410 18  -  By Vincent Wee KAZAKHSTAN and the EU have recently completed talks on a new extended Agreement on partnership and cooperation and on resolving all bilateral issues regarding Kazakhstan’s accession into the WTO. “Today Kazakhstan and the EU have signed a document to mark
      PHOTO: AFP  -  410 words
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      Lock icon Towards greater economic integration
      699 19  -  President highlights economic cooperation through Europe-Asia connectivity. BY VINCENT WEE connectivity.BY VINCENT WEE KAZAKHSTAN’Sjoining of the Asia-Europe Meeting (Asem) earlier this year is a big step in helping to integrate the country with the rest of the global economy. Officially joining the key forum for dialogue
      PHOTO: NYT  -  699 words
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      Lock icon Progress in building inter-ethnic ties
      330 19  -  By Vincent Wee SINCE its formation in 1995, the Assembly of the People of Kazakhstan has become an authoritative institutional setting of in-ter-ethnic relations harmonisation. The Kazakhstan People Assembly was established by the decree of Kazakhstan President Nursultan Nazarbayev on Mar 1, 1995 as an
      330 words
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      Lock icon Astana to host world religious leaders conference
      665 19  -  By Vincent Wee THE Kazakhstan capital of Astana will once again host the Congress of Leaders of World and Traditional Religions next year, from June 10-11. Held for the fifth time, the congress’ main theme will be “Dialogue of Religious Leaders and Politicians
      665 words
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      114 18 Create a nuclear-free world Stabilise the international monetary system Implement global energy concepts vl VVy Promote global security \S\Vvy7 vw v <ie vy ;<’c V/v f O'" 's>XVnVv^. if* x > r v/, >/ O'" vV V\/v/ Expand mter-cultural dialogue </ x \\Vn'va/.; <.>' n^V'sVn'v'^/ 0 s W/ Encourage nations
      114 words
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      69 19 EXPO 2017 will bring the world together at Astana, Kazakhstan, in a three-month showcase for the latest global developments in the energy sector, where nations will join hands to develop alternative energy solutions. You too can walk your talk to save our fast-depleting energy resources. Like our Choose Green Not
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  • ENERGY & COMMODITIES
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  • TECHNOLOGY
    • Article
      Lock icon Momo targets US$232m from IPO
      289 21 BLOOMBERG New York MOMO Inc, the Chinese application that lets users send text, photos or video to people nearby, is seeking as much as US$232 million in a US initial public offering. The company is offering 16 million American depositary receipts for US$12.50 to US$14.50
      BLOOMBERG  -  289 words
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      Lock icon Innovative US salad chain draws tech investors’ dollars
      701 21 NYT New York WHY is a venture-capital firm led by online pioneers backing a farm-to-table salad chain? That is the question some tech industry watchers asked themselves three weeks ago, after Sweetgreen, a fast-casual salad restaurant with outlets on the East Coast
      NYT  -  701 words
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      Lock icon FB change makes it hard for campaigns
      613 21 Automatic access to users’ friends will be taken away soon NYT New York WHEN you log in to a politician’s Facebook app, the campaign enjoys relatively easy access to your friends on the social network. But starting next year, that automatic access will
      NYT; PHOTO: REUTERS  -  613 words
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      131 21 Your business, always ON. What does 1 hour of downtime cost your business? With Schneider Electric, you can avoid costly power problems and gain unprecedented visibility to control your energy consumption while ensuring that your people and assets are always connected and protected. Our data centre energy management solution provides
      131 words
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  • CONSUMER
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      Lock icon Bricks-and-mortar spending edges lower in US
      618 22 Sales at retail stores total US$12.29 billion on Thanksgiving Day and Black Friday REUTERS Chicago US shoppers spent slightly less money at brick-and-mortar stores on Thanksgiving Day and Black Friday than across the same two days in 2013, while online sales surged to record
      REUTERS; PHOTO: BLOOMBERG  -  618 words
    • Article
      Lock icon US fast-food workers to strike for higher wages
      361 22 BLOOMBERG New York FAST-FOOD workers in dozens of US cities are planning to walk off the job this week as they continue pushing for higher wages and union rights. Workers at fast-food restaurants in 160 cities will strike on Dec 4 in
      BLOOMBERG  -  361 words
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      Lock icon Tesco gets flak for disorder at Black Friday sales
      530 22 BLOOMBERG London TESCO Plc, the beleaguered UK supermarket leader, drew criticism from shoppers and police chiefs on Friday after its Black Friday discounts led to officers being called to stores and its website struggling to cope. Police attended incidents at seven
      BLOOMBERG; PHOTO: REUTERS  -  530 words
    • Article
      Lock icon Macau’s junket model breaks down as gamblers walk away
      699 22 REUTERS Macau JUNKET operators that connect China’s wealthy punters to Macau’s casinos are waiting as long as a year for gamblers to repay billions of dollars of loans, crippling the business model of an industry that sustains the world’s biggest casino
      REUTERS  -  699 words
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      261 22 with How do you sieve through the huge number of listed companies and find quality companies worth investing in? You can attempt to look through the fundamentals and technicals of each company, but that will waste a lot of time and you may waste precious buying opportunities. The ShareInvestor Market
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      71 22 LARGEST Fair ASIA’S Educational Kids' Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEE? TARGETEP CROW?! Join us at smartKiDs Asia 2015! *1^ n Call us to enquire how we can help you
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      1626 23 GOLDERS GREEN HOLDING PTE LTD (Incorporated in the Republic of Singapore) (Company Registration No.: *****3985D) NOTICE OF PROPOSED AMALGAMATION OF L.S.J. INVESTMENT MANAGEMENT PRIVATE LIMITED WITH GOLDERS GREEN HOLDING PTE LTD ISSUED PURSUANT TO SECTION 215C(5)(b) OF THE COMPANIES ACT (CAP. 50) Pursuant to Section 215C(5)(b) of the Companies Act
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  • BT INVESTMENT ROUNDTABLE
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      Lock icon Smart investing in a post-QE world
      3711 25 THE tidal wave of liquidity unleashed by the US Federal Reserve’s quantitative easing (QE) programme has reached its high-water mark and may begin to ebb soon, while in Japan the tide is still in full flood and in Europe it is still rising. Results
      3,711 words
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  • GOVERNMENT & ECONOMY
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      Lock icon Swiss reject tighter immigration limit, projections show
      1027 26 Voters turn down initiative known as Ecopop by 74% to 26%; its opponents had called it xenophobic and ineffective BLOOMBERG Zurich SWISS voters on Sunday rejected a referendum to introduce strict immigration quotas, a step that would have risked choking off economic growth
      BLOOMBERG; PHOTO: REUTERS  -  1,027 words
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      Lock icon Greek youth boldly begin their startup odyssey
      682 26 AFP Athens A TAXI-TRACKING tool, a head-hunt-ing engine and a vertical gardening company: all business startups that have paradoxically emerged from a Greek economy long in the doldrums. Faced with the worst unemployment wave in living memory, Greece’s youth are turning away from
      AFP; PHOTO: AFP  -  682 words
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      Lock icon Australia faces budget deficits as far as eye can see: Deloitte
      326 26 BLOOMBERG Sydney AUSTRALIA faces budget deficits “as far as the eye can see” as plunging export commodity prices and weak wage growth cut company and income tax revenue and savings measures are blocked, Deloitte Access Economics said. The underlying
      BLOOMBERG  -  326 words
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      Lock icon China’s Xi strikes conciliatory note on foreign policy
      432 26 Disputes between nations should be resolved through dialogue, he says REUTERS Beijing CHINA’S President Xi Jinping ratcheted down Beijing’s heated rhetoric and called on the government to expand its foreign policy agenda through cooperation and diplomacy. China should “promote peaceful resolution of
      REUTERS  -  432 words
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  • TRANSPORT
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      Lock icon Japan govt intensifies response to Takata flaws
      764 27 It will force carmakers to expand recalls, to include driver’s-side air bags suspected of faults NYT Tokyo IN April last year, Japan’s transportation minister was asked at a news conference about potentially dangerous air bags made by Takata, the Japanese auto parts supplier.
      NYT  -  764 words
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      Lock icon Airbus sells part of Dassault back to planemaker
      454 27 REUTERS Paris AIRBUS Group sold 8 per cent of Dassault Aviation back to the French planemaker in a deal worth 794 million euros (S$1.3 billion) on Friday the first step towards unwinding an awkward 16-year-old link to its defence market rival. The
      REUTERS; PHOTO: REUTERS  -  454 words
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      Lock icon Iran calls the shots as foreign carmakers make re-entry
      720 27 New JV deals require 40% of production done in Iran, rising to 85% after five years AFP Teheran FOREIGN carmakers seeking a return to the potentially huge Iranian market with the lifting of international sanctions will find the business environment has
      AFP; PHOTO: AFP  -  720 words
    • Article
      Lock icon Fresh strikes imminent at Lufthansa, warns pilots’ union
      269 27 REUTERS London LUFTHANSA has said that the airline had made concessions in recent talks, including a 5 per cent pay rise. But it reiterated in emailed comments that it would not accept a request that new pilots, as well as those already
      REUTERS  -  269 words
    • Article
      Lock icon Merkel behind Air Berlin in Etihad control dispute: report
      280 27 REUTERS Berlin German Chancellor Angela Merkel is backing loss-making Air Berlin in a dispute over whether its Abu Dhabi-based partner Etihad is exercising too much control, Focus magazine reported on Saturday. Etihad, which owns a 29 per cent stake in Air
      REUTERS  -  280 words
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      Lock icon Tanker operators see margin boost as crude prices retreat
      272 27 REUTERS London TANKER operators are expecting bigger profit margins as low oil prices slash the cost of fuel and encourage traders to ship more crude around the world. Current-quarter gains for shipping companies such as Teekay Tankers and DHT Holdings could
      REUTERS  -  272 words
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  • Article
    Lock icon Shipping times
    1714 28 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR MALAYSIA STAR 40 50 8/12 9/12 13/12 15/12 KAISA 2 60 10/12 12/12 14/12 DEL SOL
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      299 28 C a ila n E n n o r e J e d d a h B r is b a Shanghai Chittagong n e Ho Chi Minh H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE TO Persian Gulf,
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  • DINING OUT
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      Lock icon Quality reigns at G-One
      1087 29  -  Former kaiseki restaurant Goto scales down its pricing and goes mainstream without dumbing down its repertoire. BY JAIME EE BY JAIME EE NEW RESTAURANT G-One 14 Ann Siang Road Tel: 6438 1553 Open for lunch and dinner. Mon to Thurs: 11.30am to 2.30pm; 6.30pm to 10.30pm.
      PHOTOS: JAIME EE  -  1,087 words
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      61 29 BECAUSE OF YOU. KISS92 IS m Mol IN SHARE OF LISTENERS AMONG ENGLISH STATIONS LISTENERSHIP GREW BY 50,000 in 624.000 M.2 IN CUMULATIVE LISTENERSHIP AMONG ENGLISH STATIONS NIELSEN RADIO DIARY SURVEY (SEP-NOV 2014] D facebook.com/kiss92fm FM eat songs in one place THAW' 10 A BIG Vilnius (K EVtNW®^ X www.kiss92.sg
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  • LIFE & CULTURE
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      Lock icon TAKING HEART
      477 30  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Community Chest Charity Gala 2014 raises over S$2.5m The “Remembering Acts of Love Community Chest Charity Gala 2014”, the finale fundraising event organised by Community Chest under the Care Share Movement, was the icing on the cake for Community Chest. It raised more
      PHOTO: BTMU SINGAPORE  -  477 words
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      Lock icon Obamas shop to honour small businesses
      467 30 NYT Washington US President Barack Obama, joined by his daughters, went shopping on Saturday at Politics and Prose, an independent bookstore in the capital, in what has become a Thanksgiving weekend tradition for the first family to honour Small Business Saturday an outing that
      NYT; PHOTO: REUTERS  -  467 words
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      Lock icon The bearded business leader is becoming more common
      471 30 NYT New York THESE are dark days for the shaving industry. After experiencing a century of fairly steady growth, makers of razors and other shaving equipment have seen revenues level off or fall in the last few years. Beards are back. One
      NYT; PHOTO: AFP  -  471 words
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      199 30 QiilC idKl 2005-2014 DEC 5 6 I MARINA BAY SANDS EDITION You've been wowed by their performances. Now, catch them again, along with other talented young performers—musicians, vocalists, dancers—at the ChildAid 10th anniversary concert in December. Proceeds from the sale of tickets will go to The Straits Times School Pocket
      199 words
  • Page 30 Miscellaneous
    • Miscellaneous
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      333 30 CRYPTIC CROSSWORD Down 2 Unusually verbose remark (7) 3 Customs in various estates (4) 4 Water at the mouth (7) 5 It’s real, topless or not! (7) 6 Unusual combination of artist and engineer (4) 7 There’s a point in this system (7) 8 Girl comes a cropper somewhere in
      333 words