The Business Times, 8 December 2014

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

Microfilm: NL33312
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg O □@BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Mo day, Decem
    28 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,324.39 (-26.11) KL COMP 1,749.37 (-71.52) NIKKEI 225 17,920.45 (+460.60) HANG SENG 24,002.64 (+15.19) SHENZHEN B 1,004.70 (+15.34) DOW 17,958.79 (+130.55)
    25 words
  • Article, Illustration
    Lock icon DAILY DIGEST
    254 1 Major Australian banks will need as much as A$48 billion (S$52.8 billion) to move to the top quartile of global banks, analysts estimate, after a government-backed review on Sunday called for stronger capital levels to ensure they can survive a global financial Crisis. TOP STORIES/ 2 The battle
    254 words
  • Article, Illustration
    Lock icon Retirement: the business opportunity
    1365 1  -  Retirement-related insurance products and income-generating funds are becoming popular in Singapore By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TAN Wee King, 59, is a financial planner’s dream: debt-free, lowspending, comfortably drawing multiple streams of income and happy to outsource money matters to someone else. The former nurse
    1,365 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      80 1 *****4 MONDAY MULTIPLE China, China, burning bright BT-CITIBANK YOUNG INVESTORS' FORUM 14 NEW RESTAURANTS Mix-and-match fare at The Prawn Star and May May TOPLINE KrisEnergy sticks to plan despite weaker oil prices COMPANIES MARKETS 6 DINING OUT 26 WEAKENING YEN Japanese currency could tumble a lot further: ex-official GOVERNMENT ECONOMY
      80 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Can you beat your 4+% CPF returns?
      1482 2  -  Fund managers say yes; insurers say CPF rates are hard to beat; financial planners say it depends on the individual RETIREMENT CHALLENGE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore INDUSTRY players have different views on whether private pension plans can reasonably generate a return
      ST FILE PHOTO  -  1,482 words
    • Article
      Lock icon Mixed returns
      166 2 THE Business Times compiled some numbers with the help of insurers to give a sense of how a conservative-ly-managed portfolio like a life insurer’s participating fund would perform. Typically, these funds hold mostly bonds, with some equities in the mix. Generally, the five-year industry average return hovers at
      166 words
    • Article
      Lock icon Income products: trends and tradeoffs
      681 2  -  Recent products have limited payout periods to make returns more attractive, and features that mimic increasing payouts By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS the population ages and interest rates stay low, insurers say the products they offer will focus on providing a steady stream
      681 words
    • Article, Illustration
      Lock icon Big Aussie banks may need A$48b to guard against crisis risks
      540 2 REUTERS Sydney MAJOR Australian banks will need as much as A$48 billion (S$52.8 billion) to move to the top quartile of global banks, analysts estimate, after a government-backed review on Sunday called for stronger capital levels to ensure they
      REUTERS; PHOTO: BLOOMBERG  -  540 words
    • Article
      Lock icon Next GE will be “a deadly serious fight”
      841 4  -  PM Lee tells PAP members they “must win the election, and win convincingly” PAP60 CONFERENCE RALLY By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE battle cry for Singapore’s next general election has been sounded. Rallying some 6,000 members of his party for
      841 words
    • Article
      Lock icon PAP’s new vision for Singapore
      468 4  -  By Chuang Peck Ming pecking@sph.com.sg @PeckmingBT Singapore THE ruling People’s Action Party (PAP) has updated and refreshed its constitution, coming out with a new vision for Singapore as the party gears up for the next general election. Unveiling the vision, which the PAP formally adopted
      468 words
    • Article
      Lock icon Survey: 9 in 10 foreign workers satisfied to work here
      301 4 Singapore MORE than 90 per cent of foreign workers are generally satisfied with working in Singapore due to good pay, working and living conditions and security, according to a recent survey. A similar proportion of foreign workers also said they
      301 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      50 4 FOR LIFE’S JOURNEYS landrover-asia.com m. m 4 tt v n Land Rover Singapore Discovery Fuel Consumption (combined): 8.0 L/100km. CO2 Emissions (combined): 213 g/km Wearnes Automotive Pte. Ltd. 45 Leng Kee Road Singapore *****3 T: 6378 2626 2627 Leasing Enquiries T: 6876 5063 E: wearnes.leasing@wearnes.com Wland^ TROVER a ABOVE BEYOND
      50 words
Page thumbnail Page 5
Page thumbnail Page 6
  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon KrisEnergy sticks to plan despite weaker oil prices
      1391 6  -  It aims to double production next year and take advantage of the oil slide to be more aggressive in making acquisitions. BY ANDREA SOH TTTOPLINE BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT FALLING oil prices may have cast doubt on capital expenditure plans for
      PHOTO: YEN MENG JIIN  -  1,391 words
    • Article, Illustration
      Lock icon Less regulatory burden, more flexibility in Companies Act reform
      838 6  -  Structural flaws in the Act that had been created by piecemeal amendments over the years have also been dealt with.BY with.BY MARCUS CHOW T The writer is a member of the Advocacy Research Committee of the Singapore Institute of Directors T
      838 words
    • Article, Illustration
      Lock icon Bulk of acquisitions done on sharp price falls
      1690 8  -  Sembcorp Industries, Wing Tai Holdings, Viking Offshore Marine and Chip Eng Seng in such buyback activity INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd THE buying was flat while the selling among directors was low for
      Source: Asia Insider Ltd  -  1,690 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist WEEKLY Straits Times Index Dec 5,2014 3,324.39 -26.11 (-0.78%) Current streak 2 days Week high 3,324.39 Week low 3,303.39 52-week high 3,350.50 (NOV 28, 2014) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist Index Dec 5,2014 747.48 -30.08 (-3.87%) Current streak 1 day Week high 760.60 Week
      63 words
    • Article, Illustration
      Lock icon Normal trading should resume, but what’s ‘normal’?
      665 10  -  TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT NOW that the dust has settled on last week’s trading system glitch which disrupted trading on Wednesday, the market here can get back to normal. Or at least everyone hopes so, because what exactly “normal” means for
      665 words
    • Article
      Lock icon GAINERS
      79 10 BY CENTS CLOSE UP 52w high/low DBXT E50 US$ 5048 348.7 5.5 5630/4637 Lyxor Indonesia US$ 9131 281.6 2.4 9636/6957 DBXT Nifty US$ ***** 259.2 1.4 *****/9759 GLD US$ ***** 236.9 1.6 *****/***** DBXT iBoxxSvEu US$ ***** 200.0 0.6 *****/***** BY PERCENTAGE CLOSE UP 52w high/low KepCorp VTePW*****2 27
      79 words
    • Article
      Lock icon LOSERS
      78 10 BY CENTS CLOSE DOWN 52w high/low DBXT iBoxxKR US$ ***** -1070.0 -5.2 *****/***** Lyxor AsiaCS US$ 5952 -359.2 -4.4 6360/5562 DBXT DBLCI-OY US$ 2860 -211.9 -5.3 3545/2811 JSH USD 3540 -156.6 -3.3 3810/3006 DBXT MSMSIA US$ 1348 -126.3 -6.6 1598/1348 BY PERCENTAGE CLOSE DOWN 52w high/low Yanlord MBeCW*****2 0.1
      78 words
    • Article
      Lock icon UNUSUAL ACTIVITY
      82 10 VOL CLOSE($) CHANGE Advance SCT 206,310.0 0.001 -0.001 -50.00 China Essence^ 1,871.0 0.005 +0.001 +25.00 Wilton Resources 16,470.0 0.091 +0.011 +13.75 ChinaKangdaFood 60.0 0.096 -0.264 -73.33 CEFC Intl 505.0 0.039 +0.009 +30.00 SIIC Environment 799,270.0 0.146 -0.016 -9.88 BlueSkyPower 505.0 0.148 +0.048 +48.00 AIM 72.0 0.083 +0.017 +25.76
      82 words
    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      37 10 STI FTSE ST All-Share WEEKLY FTSE ST All-Share index Dec 5, 2014 797.22 -8.56 (-1.06%) Current streak 1 day Week high 797.31 Week low 793.49 52-week high 816.11 (July 25, 2014) 52-week low 733.83 (Feb 7, 2014)
      37 words
    • Article
      Lock icon Oil hits new 5-year low on firm dollar, Saudi price cuts
      792 10 COMMODITIES AFP London OIL struck fresh five-year low points last week on the back of the strong US dollar, oversupply fears and major producer Saudi Arabia slashing its export prices. The market had already plunged the week before after
      AFP  -  792 words
    • Article
      Lock icon STI STOCKS
      307 10 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 -2 235/227 250 206 6.1 5862 CapitaLand 329 -3 332/323 348 268 16.5 2.4 ***** CapitaMall Trust 197.5 -0.5 199/196.5 209 180 5.2 6849.9 CityDev 986 -20 1014/983 1118 860 13.4
      307 words
    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME SIIC Environment 949,751,000 IHC 361,171,000 Advance SCT 330,452,000 Golden Agri-Res 199,867,000 Ezion 177,624,000 Market volume 8,306,587,000 VALUE Keppel Corp 424,799,616 DBS Grp 328,237,237 SingTel 326,522,135 OCBC Bank 246,434,785 UOB 229,551,240 Market value 5,367,177,000
      36 words
    • Article
      Lock icon SGX ETFs
      112 10 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap IS MS India US$ US779 -6 3572 789/766 790/541 779/781 97.4 UETF SSE50China 210 +29 3275 216/180 216/140 209/210 65.6 STI ETF 336 -3 2270 339/334 343/298 336/337 DBXT CSI300 US$ US904 +84 360 923/800 923/613
      112 words
    • Article
      Lock icon COMPANY MEETINGS
      92 10 COMPANY MEETING PLACE DATE TIME Kian Ho Bearings E 5 Changi South Street 3 08-Dec 10.00am MYP Ltd E klapsons, The Boutique Hotel 15 Hoe Chiang Road 08-Dec 9.00am JK Tech Hldgs E 3 Lorong 6 Toa Payoh #01-01 HSR Building 12-Dec 9.30am KOP Ltd E 25 Tai
      92 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 10 Dec 5 VALUE CLOSE BT OB/OS -583.00 -108.00 BT CADI -*****.00 BT 10-day MA -*****.00 -59.00 FTSE ST Mid Cap 743.08 +1.07 FTSE ST Small Cap 498.49 -0.99 FTSE ST All Share 797.22 +3.73 FTSE ST China Top 187.35 -0.16 FTSE ST China 223.76 +1.38 FTSE ST
      76 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      34 10 STI MSCI EAFE WEEKLY MSCI EAFE index Dec 5,2014 1,832.11 -7.62 (-0.41%) Current streak 1 day Week high 1,834.49 Week low 1,830.28 52-week high 1,993.20 (July 4, 2014) 52-week low 1,737.51 (Oct 17, 2014)
      34 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 0 0 4 10 3 Manufacturing 30 100 36 6 26 9 36 126 45 Commerce 13 43 16 2 15 3 15 58 19 Tpt/Stor/Comms 10 25 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 110,305 110,305 568,952 568,952 Manufacturing 1,004,201 297,957 1,302,158 582,270 14,715 596,985 Commerce 360,282 209,153 569,435 393,916 10,030 403,946 Tpt/Stor/Comms 494,427 4,702 499,129 725,109 1,720 726,829 Finance 95,062 670 95,732 881,039 144 881,183 Construction 179,152 133,773
      123 words
    • Article
      Lock icon Euro, yen weaken as greenback makes big gains
      404 11 CURRENCIES BLOOMBERG THE dollar last week rose the most in more than a year as a US jobs report exceeded all forecasts, highlighting a growing gulf between the world’s largest economy and other developed nations. The euro sank the most since September
      BLOOMBERG  -  404 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Dec 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.955 5.154 0.677 6.494 51.823 103.022 1.007 9.334 2.907 1.080 84.818 37.313 1.102 9.398 0.814 26.075 27.600 0.535 0.838 Canada 1.047 5.396
        471 words
      • Article, Illustration
        Lock icon HANG SENG
        3 11 WEEKLY
        3 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Dec 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1021 1.1029 0.8375 0.8380 Canadian dollar 1.1541 1.1544 0.8771 0.8770 Euro 1.6290 1.6295 1.2379 1.2381 NZ dollar 1.0209 1.0217 0.7758 0.7763 Sterling pound 2.0596 2.0605 1.5652 1.5656
        155 words
      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Dec 5 S$ Bid Offer 1-month 1.3162 1.3166 2-months 1.3169 1.3174 3-months 1.3172 1.3176 6-months 1.3169 1.3174 Source: OCBC
        22 words
      • Article, Illustration
        Lock icon NIKKEI
        2 11 WEEKLY
        2 words
      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 11 COMPOSITEWEEKLY
        3 words
      • Article, Illustration
        Lock icon DOW JONES
        3 11 WEEKLY
        3 words
    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        362 11 Dec 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.85 *****.29 *****.36 Dec14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Mar15 *****.00 *****.00 *****.00 *****.00 2401 ***** MSCI TAIWAN INDEX FUTURES SPOT 342.43 343.25 340.91 Dec14 342.80 344.60 340.90 341.60 ***** *****4 Jan15 343.70
        362 words
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        208 11 Most active Dec 5 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****2 11.2 -1.5 ***** 0.1 0 6 OCBC Bk MB eCW*****3 8.2 -2 ***** 0.2 1060 4 DBS MB ePW*****2 15.6 -0.3 ***** 0.2
        208 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Dec 5 Index Change Change Change Change Change Change World Preliminary 1294.4 0.6 9.3 1.0 9.7 0.2 4.7 EAFE Preliminary 1012.0 1.1 5.8 1.0 0.2 0.1 -4.4 Europe Preliminary 1421.6 1.6 4.9
        373 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Dec 5 $S Offer Bid 0vernight 0.03 0.01 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.01 US$ 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
        154 words
      • Article
        Lock icon SIBOR
        36 11 Dec 5 (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
        36 words
      • Article
        Lock icon GOVERNMENT SECURITIES
        69 11 Dec 5 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.41 105.45 105.37 5-Year N*****0H 1.625 01-Oct-19 100.85 100.85 100.85 10-Year NY*****H 3.000 01-Sep-24 107.11 107.15 107.00 15-Year NY*****E 2.875 01-Jul-29 104.21 104.54 104.40 20-Year NZ*****V 3.375 01-Sep-33 110.05
        69 words
    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        213 11 COMMODITY FUTURES Dec-5 Price Net change change Last Trade Agricultural Dec-5 CBOT Soybeans (US cents/bu) 1036.00 25.50 2.52% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.01 0.41 1.30% 12/12/2014 CBOT Wheat (US cents/bu) 609.00 9.25 1.54% 12/12/2014 Dec-5 LIFFE Cocoa (£/tonne) 1978.00 28.00 1.44% 12/12/2014 LIFFE Coffee (US$/tonne) 2038.00
        213 words
      • Article
        Lock icon PALM OIL
        57 11 Dec 5 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2150.0 2135.0 2150.0 2120.0 102 1599 Jan 15 2172.0 2170.0 2180.0 2151.0 3269 ***** Feb 15 2170.0 2172.0 2177.0 2153.0 ***** ***** Mar 15 2173.0 2175.0
        57 words
    • Article
      Lock icon Usual year-end rally set to continue this week
      896 12  -  Sliding oil prices, promising signs on the jobs front point to shoppers in right mood for festive spending spree WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, US stock indexes finished at record highs as a combination of surprisingly strong jobs
      896 words
    • Article
      Lock icon ASL Marine hit by another OSV contract cancellation
      278 12  -  By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT ASL Marine Holdings’ wholly owned subsidiary has reached a mutual agreement with a customer to cancel shipbuilding contracts for two offshore support vessels (OSV). In an announcement on Saturday, the integrated marine firm said it is confident
      278 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      948 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
      948 words
    • Article
      Lock icon PRIME LENDING RATES
      271 12 Dec 5 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd anz Singapore 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited 5.50 Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque Internationale a Bank
      271 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1577 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 2.50 2.00 2 10.30 13.98 1.56 1.44 ARA Asset Management Limited 2.00 2.00 4 10.45 16.03 1.97 1.68 Ascendas Hospitality Trust Mgt
      1,577 words
  • Page 6 Advertisements
Page thumbnail Page 7
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      1148 8 UG HEALTHCARE CORPORATION UG HEALTHCARE CORPORATION LIMITED (Incorporated in Singapore on 21 August 2014) (Company Registration Number: *****4579Z) Sponsor, Issue Manager, Underwriter and Placement Agent Capital SAC CAPITAL PRIVATE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1542N) Invitation in respect of 28,800,000 Invitation Shares comprising: (a) 1,800,000
      1,148 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      1411 9 FIRST DATA CENTRE REIT LISTED IN ASIA SUBSCRIBE NOW! (a real estate investment trust constituted on 17 March 2011 under the laws of the Republic of Singapore) managed by Keppel DC REIT Management Pte. Ltd. PUBLIC OFFER SIZE: 53,763,000 UNITS (Subject to the Over-Allotment Option) Offer for subscription by Keppel
      1,411 words
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 13
  • REAL ESTATE
    • Article, Illustration
      Lock icon Tiny hotel rooms a huge selling point for Yotel brand
      1306 13 Seeking global expansion, minimalist hotel group to build presence on Orchard Road and at Changi Airport BLOOMBERG Los Angeles REAL estate colleagues questioned Justin Palmer’s purchase of a board-ed-up, eight-storey San Francisco office building for US$17.7 million almost double the
      BLOOMBERG; PHOTO: BLOOMBERG  -  1,306 words
    • Article, Illustration
      Lock icon 3-storey pre-war Kreta Ayer shophouse up for auction
      409 13  -  Freehold site has land area of 1,580 sq ft, gross floor area of 3,864 sq ft By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore A THREE-STOREY intermediate shophouse along Kreta Ayer Road is being put up for sale via public auction. The owner is
      PHOTO: DTZ  -  409 words
    • Article
      Lock icon Dalian Wanda seeks up to US$3.8b in Hong Kong IPO: report
      410 13 REUTERS Hong Kong DALIAN Wanda Commercial Properties Co Ltd, the world’s second-larg-est developer of shopping malls and office buildings, is seeking to raise between US$3.2 billion and US$3.86 billion through a Hong Kong IPO, cutting the size of the
      REUTERS  -  410 words
    • Article
      Lock icon NY eases housing rules for low-income, solo tenants
      338 13 NYT New York NEW York City housing officials have partly reversed a policy that would have forced thousands of low-income tenants to move to smaller apartments. The Department of Housing Preservation and Development said that participants in the federal Section 8 voucher
      NYT  -  338 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      150 13 brother at your side f brother Your Trusted Partner in Business Solutions Mobile Printers Scanners IS H_” Monochrome Colour Laser LED Printers Multi-Function Centres (MFC) oo o With 25 years of providing quality and reliable imaging solutions in Singapore, Brother is the preferred partner of corporate businesses. Our 100 years
      150 words
Page thumbnail Page 14
  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article
      Lock icon Singapore’s Reits versus the world’s
      2280 14 Investors can soon own any Reit on the Singapore Exchange for less than S$300.BY GEOFF HOWIE T The writer is SGX’s market strategist WITH the imminent arrival of smaller board lots, young investors will be soon able to own one hundred units in any of
      2,280 words
    • Article, Illustration
      Lock icon China, China, burning bright
      366 14  -  Here there be greedy investors for now MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT THE accelerating rally in China's A-Share market, which has been a sleepy cowboy town for many years, is raising a few eyebrows. The Shanghai Stock Exchange Composite Index is up some 43
      Source: Bloomberg  -  366 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      113 14 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
Page thumbnail Page 15
  • BANKING & FINANCE
    • Article
      Lock icon EU deviating from global bank rules: Basel
      891 15 The banking regulators rebuke the EU for failing to properly implement capital rules, including some used to back swaps trading that are intended to avert another financial crisis WP Brussels GLOBAL banking regulators rebuked the European Union for failing to properly implement capital
      WP  -  891 words
    • Article
      Lock icon Morgan Stanley to award more bonuses up front
      463 15 BLOOMBERG New York MORGAN Stanley is giving employees a greater portion of their bonuses up front as the bank seeks to structure pay in line with peers and lower expenses in future years. The compensation committee of Morgan Stanley’s board agreed to
      BLOOMBERG  -  463 words
    • Article
      Lock icon Short-sellers circle US regional banks as oil slide
      276 15 REUTERS New York SOME US regional banks have benefited in a big way from the energy-related lending growth, but the recent slide in oil prices has raised the spectre of persistently low oil prices hobbling loan growth at these banks. As a
      REUTERS  -  276 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      33 15 Credit Suisse 1 ko I n o Can he inherit your ambition as well as your wealth? Discover how Credit Suisse can help you plan your wealth for the next generation at credit-suisse.com/successionplanning
      33 words
Page thumbnail Page 16
  • ENERGY & COMMODITIES
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1237 16 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares ComfortDelGro Corporation Limited *****84 Peh Chin Kee 1 x 12,698 -do-*****82 Tan Ah Jang 1 x 16,039 SBS Transit Ltd *****72 -do-1 x 1,200 -do-*****74
      1,237 words
Page thumbnail Page 17
  • TECHNOLOGY
    • Article, Illustration
      Lock icon An Olympic channel spanning the globe, and the seasons
      992 17 Proposed digital network will enable daily nurturing of the Games when they are off the world stage NYT New York THE International Olympic Committee (IOC) is planning to create a digital network that would lift the profile of the Olympics after
      NYT; PHOTO: REUTERS  -  992 words
    • Article, Illustration
      Lock icon One of Canada’s worst-performing plays to fund tech startups
      994 17 CEO Michael Wekerle is in the process of turning Difference Capital around BLOOMBERG Toronto MICHAEL Wekerle, who made millions trading Canadian oil and mining stocks, has joined the “Maple Syrup Mafia”, backing technology startups in his quest for the next BlackBerry.
      BLOOMBERG  -  994 words
    • Article
      Lock icon Internet in Cuba only for the rich – or the resourceful
      604 17 Internet in Cuba only for the rich or the resourceful AFP Havana WITH their smartphones and tablet computers, they look much like young people anywhere in the world. But these Cubans have to go to extremes just to get an Internet connection and somehow get around the strict control of
      AFP  -  604 words
    • Article, Illustration
      Lock icon Sony plan to foil PlayStation-type attacks no match for hackers
      689 18 Defensive steps that companies take after an intrusion typically have a short shelf life, say experts BLOOMBERG Washington BACK in 2011, Sony Corp spent heavily to upgrade its computer systems and fix all known security holes following a cyber attack
      BLOOMBERG; PHOTO: REUTERS  -  689 words
    • Article
      Lock icon Hackers threaten Sony staff in new email
      416 18 AFP Los Angeles SONY Pictures staff have received a threatening email claiming to be from the hackers who breached the entertainment giant’s computer network, reportedly with warnings that they and their families were “in danger”. The email from a group calling itself Guardians
      AFP  -  416 words
    • Article
      Lock icon Amazon launches own consumer goods label
      231 18 REUTERS London AMAZON.COM’S launch of its own private label brand of consumer goods, starting with diapers and baby wipes, underscores the website’s maturity as a grocery retailer and the migration of grocery shopping online. And if successful, the line’s sharp prices could pressure profit
      REUTERS  -  231 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      54 17 FACT. ERR Software is expensive. You will be surprised with the truth. Call us today! ERP+CRM Software A truly integrated solution Serving Singapore companies proudly for 22 years FACT Software International Pte Ltd (*****6146Z) 10 Hoe Chiang Road #14-07 Keppel Towers Singapore *****5 T+65 *****832 www.factsoftware.sg sales@factsoftware.sg SINGAPORE MALAYSIA PHILIPPINES
      54 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      163 18 D I N E THE NEW LUXURY BTLuxe Christmas 2014. In print and on your iPad. Heston Blumenthal goes bionic Noma’s Rene Redzepi takes Tokyo Shigeru Ban Paper hero Tetsuya Wakuda’s Kyoto tour Luxury’s new guard the names you need to know Digital exclusives only in the BTLuxe iPad app
      163 words
Page thumbnail Page 19
  • CONSUMER
    • Article, Illustration
      Lock icon Starbucks tries ritzy store, exotic roastery in Seattle
      397 19 WP Seattle STARBUCKS has opened the first in a line of upscale stores pushing some of the rarest types of coffee from around the world, starting with a Willy Wonka-esque roastery and retail behemoth in the Capitol Hill neighbourhood of Seattle. The
      WP; PHOTOS: BLOOMBERG  -  397 words
    • Article
      Lock icon Pump prices lag drop in crude oil in Europe
      520 19 Retailers, consumer groups embroiled in blame game as they differ over causes REUTERS London A SLIDE in the price of crude oil is not being matched in Europe by a fall at the pump, and as political pressure for cheaper petrol
      REUTERS  -  520 words
    • Article
      Lock icon Merck weighing acquisition of Cubist for more than US$7b: sources
      614 19 Deal, if announced, would be another multibillion-dollar health care transaction in a banner year for M&A NYT New York DRUGMAKER Merck Co is in talks to acquire the biopharmaceuticals company Cubist for more than US$7 billion, according to people briefed
      NYT  -  614 words
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      85 19 MERRIFICENT FESTIVE AT PEACH BLOSSOMS Have the merriest of the season with numerous Festive sets on Christmas Eve and Christmas Day at Peach Blossoms or enhance your celebrative dining all month long with specialties such as Chilled Drunken Turkey with Chinese Wine and Wolfberries, as well as Smoked Turkey with
      85 words
Page thumbnail Page 20
  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon Growing middle class Africa draws insurers
      749 20 European and South African insurers are buying local firms focusing mainly on life insurance and pensions REUTERS London A GROWING middle class in sub-Saha-ran Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in
      REUTERS; PHOTO: REUTERS  -  749 words
    • Article
      Lock icon Modi may replace central planning with “Team India”
      283 20 REUTERS New Delhi INDIAN Prime Minister Narendra Modi held a brainstorming session on Sunday on replacing Sovi-et-style central planning with a “Team India” concept that would give federal states a greater role in developing Asia’s third-largest economy. Although he won a huge
      REUTERS  -  283 words
    • Article
      Lock icon UAE’s money exchange industry faces shakeout as costs rise
      380 20 REUTERS Dubai SOME money exchange firms in the United Arab Emirates (UAE) may have to merge and others could be forced to close as they struggle with rising capital and compliance costs and some banks refuse to do business with them,
      REUTERS  -  380 words
    • Article
      Lock icon Let asylum seekers get work faster: German business
      240 20 AFP Berlin GERMAN business would like to see asylum seekers given quicker access to the jobs market, saying they could benefit Europe’s top economy, industry leaders said on Sunday. The president of the German Chambers of Commerce and Industry, Eric Schweitzer, told
      AFP  -  240 words
    • Article, Illustration
      Lock icon Hagupit’s fury rages across central Philippines but no mass casualties so far
      937 20 AFP REUTERS Tacloban A YEAR after losing all their belongings to one of the world’s strongest storms, thousands of weary people in the Philippines emerged from evacuation shelters on Sunday to find their homes again in ruins. Typhoon
      AFP; REUTERS; PHOTO: REUTERS  -  937 words
    • Article
      Lock icon Collapsing yen could tumble a lot further
      587 21  -  Currency could hit 140 to the dollar as BOJ continues to pursue aggressive monetary easing, says ex-official By Anthony Rowley btworld@sph.com.sg Tokyo THE yen fell decisively through the 120 to the dollar “barrier” in New York trading at the end of last week
      587 words
    • Article
      Lock icon Economists expect China to cut growth target in 2015
      701 21 AFP Beijing CHINA is poised to cut its growth target for the first time in three years and ramp up stimulus as the economy comes under increasing downward pressure, analysts say ahead of a key policymakers’ conference expected this week. President
      AFP  -  701 words
    • Article, Illustration
      Lock icon Calls to cut interest rates grow as Australian economy falters
      766 21 AFP Sydney PRESSURE is building on Australia’s central bank to cut interest rates from their record lows as growth in the re-sources-driven economy already faltering on the back of China’s slowdown takes a further hit, analysts say. The Reserve Bank
      AFP; PHOTO: AFP  -  766 words
    • Article
      Lock icon Financial markets increasingly sensitive to sudden events: BIS
      582 21 REUTERS Zurich SUDDEN swings in financial markets recently suggest they are becoming increasingly sensitive to unexpected events, the global organisation of central banks said on Sunday, warning that “more than a quantum of fragility” underlies the current bullish mood. MSCI’s all-country world
      REUTERS  -  582 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      1006 21 The Business Times NOTICES NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR SOLAR-FABRIK SERVICES PTE. LTD. (Co. Reg. No. *****7623Z)) (In Provisional Liquidation) (Incorporated in the Republic of Singapore) Take notice that Mr. Lim Yeong Seng, CPA, Approved Liquidator of Kong, Lim Partners LLP, 13A Mackenzie Road, Singapore *****6 has been appointed
      1,006 words
Page thumbnail Page 22
  • TRANSPORT
    • Article, Illustration
      Lock icon American chases Delta Air with seat-back video, power outlets
      861 22 Carrier is spending US$2b to update amenities; it will soon have the youngest fleet among US-based network airlines BLOOMBERG Dallas AMERICAN Airlines Group will spend US$2 billion on new aircraft seats, in-flight entertainment and onboard power outlets as it chases its
      BLOOMBERG; PHOTO: REUTERS  -  861 words
    • Article
      Lock icon Luxury jets pamper pets with pilaf, room to roam
      743 22 WP Washington AS millions of Americans cram into coach for holiday travel, some four-legged passengers will fly on luxury private jets. A rebound in US business-aircraft trips this year means more dogs and cats are taking wing too. In addition to
      WP  -  743 words
    • Article, Illustration
      Lock icon Trucker rest rules at risk in US budget deal
      673 22 BLOOMBERG Washington CONGRESS is considering adding to a year-end budget deal a provision to roll back safety rules aimed at ensuring truck drivers get enough rest, a measure US transportation secretary Anthony Foxx said should be rejected. Mr Foxx said he
      BLOOMBERG; PHOTO: REUTERS  -  673 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      70 22 DECEMBER ISSUE OUT NOW! THE YEAR IN TECH: ALL YOU NEED TO KNOW S I NGAPO R E THE POWER TO DECIDE DECEMBER 2014 S$6.90 WWW.HARDWAREMAG.COM 2014 FESTIVE 01 D C GUIDE IN THIS ISSUE HOW TO SHOOT VIDEO WITH YOUR DSLR MULTI-ROOM WIRELESS SPEAKERS FREE Receive a FREE!Receive a
      70 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      74 22 Soft? ASIA’S LARGEST 1 Educational Kids’ Fair J 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! Ml n Call us to enquire how we
      74 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Article
    Lock icon SHIPPING TIMES
    1777 24 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 JKT SUR CLG KAISA 2 60 18/12 20/12 22/12 CALMY CORAL 84 60 20/12 22/12 26/12 DEL SOL 25
    1,777 words
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      228 24 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,
      228 words
Page thumbnail Page 25
Page thumbnail Page 26
  • DINING OUT
    • Article, Illustration
      Lock icon Cutesy fare with lots of masak-masak
      1136 26  -  The Prawn Star and May May revel in making you wonder what you’re eating. BY JAIME EE BY JAIME EE NEW RESTAURANTS The Prawn Star 21 Duxton Hill Tel: 6323-3353 Open for lunch and dinner Mon to Fri: 11.30am to 2.30pm; 6pm to 10.30pm.
      1,136 words
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      65 26 MAKE YOUR CHRISTM S GIFT LAST ALL YEAR LONG FROM ONLY $1.50 PER ISSUE! A GIFT FOR YOUR LOVED ONE OUR GIFT TO YOU 30% savings for 1-year print subscription 60% savings for 1-year digital subscription FREE 3-month digital subscription of your favourite magazine or HWM Subscribe at www.sphmagazines.com.sg/ xmaspromo2014
      65 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 2
      111 26 THE BUSINESS TIMES 509. V 1 t llll.llll It.. mi i DATE; Saturday, 10 January 2015 VENUE: The Gallery, Grand Hyatt Singapore 10 Scotts Road, Singapore *****1 TIME: 9.30am to 1pm What lies ahead for you, the investor, in 2015? Hear from our distinguished panel of speakers at this seminar
      111 words
Page thumbnail Page 27
  • LIFE & CULTURE
    • Article, Illustration
      Lock icon TAKING HEART
      453 27  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT 12 Days of WWF Christmas STUCK for Christmas gift ideas? WWF Singapore has got you covered with 12 gifts that will make a difference for conservation efforts. These range from gifts that help to support the fight against wildlife crime, to helping rescue
      453 words
    • Article, Illustration
      Lock icon Pele thanks well-wishers in video, says he’s recovering
      352 27 AFP Sao Paulo BRAZILIAN soccer legend Pele said on Friday he was recovering from the kidney ailment which has forced him to spend the past 11 days in hospital, thanking well-wishers for their support. “I want to thank all of you, right
      AFP  -  352 words
    • Article, Illustration
      Lock icon Fugitive Thai millionaire protests his innocence
      465 27 AFP Bangkok A FUGITIVE Thai millionaire wanted on charges including royal defamation broke cover to protest his innocence on Sunday in a graft probe that has seen relatives of the crown prince’s wife arrested. Nopporn Suppipat denied police accusations that he helped orchestrate the
      AFP; PHOTO: THE NATION, BANGKOK  -  465 words
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      132 27 ft s* *4 gl W rr l/K m fT 6*1 ■til! IB Jxl hH; St '5, ft trA 5 4ffF /J\ a A hi il N I Z r Enjoy the digital version of ZbBz on: 33 I'LL BE HOME FOR y CHRISTMAS Specially designed takeaway menus for your gourmet
      132 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      308 27 CRYPTIC CROSSWORD Across 1 Star, a bit dim, is embarrassed and diminutive (3,5) 6 impressive time of the year (6) 9 He reviews one with opposing views (6) 10 Really fancy outing on a ferry (5,3) 11 A chartered accountant meant to retire for the scholastic life (8) 12 Rise
      308 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      147 28 Our heartiest congratulations to Mr Alfred Chua Co-founder and Managing Director of The Wok People The EY Entrepreneur of the Year 2014 (Food and Beverage) Advisor to Jurong GRC GROs, Mr David Ong Kim Huat, BBM, MP for Jurong GRC Mr Ng Soo Phio, BBM(L) Mr Ng Soo Tee Mr
      147 words