The Business Times, 10 December 2014

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Total Pages: 26
1 26 The Business Times
  • 30 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Wedn sday, December 10
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  • Article, Illustration
    218 1 Faced with a tight labour market, more companies in Singapore are providing flexible work arrangements via part-time work, staggered hours, and formal teleworking. TOP STORIES 2 A new glaucoma drug delivery solution developed by local biotech startup Peregrine Ophthalmic has attracted inquiries from the world’s top five pharmaceutical
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  • 27 1 Tuesday Change STI 3,319.84 +22.00 KL COMP 1,738.10 -2.74 NIKKEI 225 17,813.38 -122.26 HANG SENG 23,485.83 -561.84 SHENZHEN B 993.68 -22.01 DOW (11am EST) 17,682.13 -170.35
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  • 894 1  -  But some expect rally to continue on opening of China’s stock market and relatively cheap valuations By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS investors pulled back sharply from China’s stock market on Tuesday afternoon after a multi-year high on Monday, some observers
    Source: Bloomberg  -  894 words
  • 1110 1  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN a push to make property indices more reflective of market changes, the Housing Development Board (HDB) the first among official agencies here to change the way it computes its price index has unveiled details on
    Source: URA; BT Graphics: Lynette Khoo, Ludwig Ilio  -  1,110 words
  • Page 1 Advertisements
    • 300 1 *****4 STRAIT TALK Rescuing refugees off the high seas TRANSPORT 20 RESIDENTIAL PROPERTY SOVEREIGN WEALTH FUND The transformation of GIC Resales of condos, apartments up 6.6% in Nov OPINION 19 ETFs Investors back off from bets on inflation REAL ESTATE 10 EXEC MONEY 26 V----L T A Seamless travel with
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  • TOP STORIES
    • 509 2  -  But share of employers giving marriage and compassionate leave has dipped since 2012 By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore FACED with a tight labour market, more companies in Singapore are providing flexible work arrangements via part-time work, staggered hours, and formal tele-working. But the
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    • 625 3  -  But opposing camp has made ‘untrue’ remarks in dispute, says Natas chief By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE National Association of Travel Agents Singapore (Natas) holds out hope of a reconciliation with the group of travel agencies that broke away from
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    • 804 3  -  By Edward Hadas &JS REUTERS BREAKINGVIEWS THE global growth dividend from falling oil prices risks getting overhyped. Crude’s sharp decline is widely seen as good for a still struggling economy. Yet its main impact isn’t to boost total world output but change the distribution
      &JS REUTERS BREAKINGVIEWS  -  804 words
    • 384 3 REUTERS London BRENT crude oil hit a fresh five-year low on Tuesday before rebounding to near US$67 a barrel, as some buyers emerged in the hope that prices are bottoming following a more than 40 per cent slide since June. Fast-growing US
      REUTERS  -  384 words
    • 551 4  -  Besides briefings in Seoul, he will attend a summit in Busan to mark 25 years of Asean-Seoul dialogue By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Busan, South Korea PRIME Minister Lee Hsien Loong will travel to South Korea on Wednesday for a three-day
      FILE PHOTO  -  551 words
    • 690 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore “FIRST you have my interest, now you have my attention.” And that is what local biotech startup Peregrine Ophthalmic managed to do, in the words of associate professor Tina Wong, who was describing how
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    • 136 4 E X P E R I E N C E THE NEW LUXURY BTLuxe Christmas 2014. In print and on your iPad. Digital exclusives only in the BTLuxe iPad app: TheGreatSafariAdventure VisittheHouseofLaurent-Perrier Download it now for free at the App Store Luxe Win a pair of Business Class tickets to
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  • COMPANIES & MARKETS
    • 775 5  -  Republic remains an ideal listing venue for many corporates in the region with its robust regulatory framework, corporate governance standards, and a big pool of investible funds By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore RIDING on Asia’s buoyant economies, next year will
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    • 698 5  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore DECLINING oil prices have wiped off nearly S$5.77 billion from the market capitalisation of offshore and marine (O&M) companies listed on Singapore Exchange (SGX) in one month, as the industry
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    • 887 6  -  TT HOCK LOCK SIEW R SIVANITHY sivan@sph.com.sg @RSivanithyBT THE Singapore Exchange (SGX) has taken a fair amount of criticism for the way trading has deteriorated over the past year since the penny crash of October 2013, a situation not helped
      ST FILE PHOTO  -  887 words
    • 573 6 BLOOMBERG Singapore APS Asset Management, which invests more than US$2 billion in Chinese stocks, expects the country’s stock markets to extend this year’s rally even without extra government stimulus. The CSI 300 Index has increased 26 per cent since the People’s Bank of
      BLOOMBERG  -  573 words
    • 535 7  -  Goldman Sachs sees solid, sustained earnings growth over the next two years; exchange says it is not aware of any reason for the unusual trading activity By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore PROFITS at the Singapore Exchange (SGX) have turned the corner,
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    • 257 7  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore BARCLAYS Capital has upgraded its rating for the stock of Neptune Orient Lines (NOL), saying it sees value emerging for the counter. Since it was revealed on Aug 21 that the Singapore shipping group was considering the potential sale
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    • 286 7  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A MALAYSIAN advocacy group has recognised Securities Investors Association of Singapore (SIAS) president David Gerald for his contributions to corporate governance and investors’ rights. Mr Gerald, who founded and leads the Singapore investors’ rights organisation, received the
      FILE PHOTO  -  286 words
    • Article, Illustration
      63 8 STI Catalist Straits Times Index Dec 9,2014 3,319.84 +22.00 (+0.67%) Current streak 1 day Day high 3,334.93 Day low 3,306.75 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Dec 9,2014 726.67 -8.49 (-1.15%) Current streak 2 days Day high 733.13 Day low
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    • 634 8  -  Broad market posts 263 declines against 156 advances even as the index gains 22 points TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A SUDDEN push on the shares of banks, SingTel and the Singapore Exchange (SGX) helped propel the Straits Times Index
      Source: Bloomberg  -  634 words
    • 307 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 +2 231/229 250 206 6.2 5836.7 CapitaLand 328 +2 331/325 348 268 16.4 2.4 *****.3 CapitaMall Trust 198.5 +0.5 199.5/196.5 209 180 5.2 6884.6 CityDev 1000 +9 1003/995 1118 860 13.6
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    • 35 8 VOLUME Digiland Intl 263,613,000 SIIC Environment 114,333,000 IHC 71,446,000 Advance SCT 47,777,000 Ezion 42,601,000 Market volume 1,833,248,000 VALUE OCBC Bank 100,028,140 DBS Grp 94,254,525 SingTel 85,984,060 UOB 66,736,430 SGX 61,001,330 Market value 1,196,299,000
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    • 109 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 195 -20 445 215/194 217/140 195/197 60.9 DBXT CSI300 US$ US876 -54 139 958/850 958/613 876/879 ABF SG Bond ETF 116.5 +0.5 41 117/116.5 118/110.2 116.1/116.5 531.8 Lyxor Cmdty US231 -3 39 231/231 294/231
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    • 77 8 Dec 9 VALUE CLOSE BT OB/OS -754.00 -27.00 BT CADI -*****.00 -89.00 BT 10-day MA -*****.00 -76.00 FTSE ST Mid Cap 739.80 -1.46 FTSE ST Small Cap 489.26 -3.73 FTSE ST All Share 794.89 +3.49 FTSE ST China Top 184.97 -0.64 FTSE ST China 222.13 -0.66 FTSE
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    • 35 8 STI FTSE ST All-Share FTSE ST All-Share Index Dec 9,2014 794.89 +3.49 (+0.44%) Current streak 1 day Day high 797.91 Day low 792.59 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • 33 8 STI MSCI EAFE MSCI EAFE Index Dec 8,2014 1,824.74 -7.37 (-0.40%) Current streak 1 day Day high 1,833.92 Day low 1,821.74 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 2 0 0 0 6 8 2 Manufacturing 28 64 37 0 11 14 28 75 51 Commerce 12 23 20 5 8 1 17 31 21 Tpt/Stor/Comms 12 15 13
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    • 123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,475 21,475 79,309 79,309 Manufacturing 159,840 51,534 211,374 91,320 2,776 94,096 Commerce 353,984 38,042 392,026 69,474 2,616 72,090 Tpt/Stor/Comms 94,749 319 95,068 188,113 116 188,229 Finance 47,582 407 47,989 329,054 88 329,142 Construction 24,922 11,278
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    • 75 8 BY CENTS CLOSE UP 52w high/low DBXT China50 US$ 3353 180.6 4.3 3367/2577 GLD US$ ***** 117.3 0.8 *****/***** Jardine C&C 4353 90.0 2.1 4901/3330 DBS Grp 1986 36.0 1.8 2002/1565 SGX 760 25.0 3.4 765/666 BY PERCENTAGE CLOSE UP 52w high/low CN8000MBePW*****0 6.8 134.5 3.9 6.8/2.2 NOL MB
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    • 80 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -271.5 -1.0 *****/***** JMH USD 5900 -155.5 -2.0 6460/4934 DBXT Vietam US$ 2740 -81.7 -2.2 3100/2384 DBXT CSI300 US$ 876 -71.2 -5.8 958/613 DBXT MSCHINA US$ 1322 -65.9 -3.6 1401/1119 BY PERCENTAGE CLOSE DOWN 52w high/low Advance SCT 0.1
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    • 84 8 VOL CLOSE($) CHANGE Luxking 270.0 0.018 -0.003 -14.29 Pan Asian 53.0 0.040 +0.009 +29.03 Advance SCT 47,777.0 0.001 -0.001 -50.00 Hengyang Petro 141.0 0.215 -0.025 -10.42 Zhongxin Fruit 60.0 0.023 -0.007 -23.33 Noel Gifts Intl 22.0 0.290 +0.025 +9.43 Hiap Seng 234.0 0.156 -0.022 -12.36 Lippo Malls Tr
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    • BROKERS’ TAKE
      • 135 8 Hold Dec 9 close: S$0.315 Target price: S$0.37 OCBC Investment Research, Dec 9 Last week, Petronas announced that it is looking to cut capital expenditure for new projects by 15-20 per cent next year should oil prices remain low. The earlier RM300 billion (S$113.5 billion) capex planned for
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      • 102 8 Neutral Dec 9 close: S$1.485 Target price: S$1.55 JPMorgan Research, Dec 9 We assume coverage of Mapletree Industrial Trust (MINT) with a “neutral” rating and a December 2015 PT (price target) of S$1.55 (“neutral” rating and December 2014 PT of S$1.45 prior to “not rated” designation). MINT’s
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      • 206 8  -  Compiled by Kenneth Lim Buy Dec 9 close: S$2.57 Target price: S$3.42 DBS Group Research, Dec 9 Global Logistic Properties (GLP) announced that it will co-invest with GIC to acquire a US$8.1 billion US logistics portfolio from Blackstone. This investment into the US might be deemed negative
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      • 12 8 DATA I 8.00pm US MBA Mortgage Applications I 9.30am China CPI
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    • 401 9 TT CURRENCIES AFP Tokyo THE US dollar edged down against the yen on Tuesday following a dip in New York, although analysts expect further advances for the greenback as monetary policy in Japan and the United States diverges. The US dollar bought 120.18
      AFP  -  401 words
    • FOREX RATES
      • Article, Illustration
        2 9
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      • 471 9 Dec 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.948 5.111 0.669 6.404 51.123 101.879 0.989 9.162 2.876 1.078 83.420 36.794 1.089 9.503 0.804 25.767 27.212 0.527 0.826 Canada 1.055 5.392
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      • Article, Illustration
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      • Article, Illustration
        1 9
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      • 155 9 Dec 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0888 1.0895 0.8260 0.8262 Canadian dollar 1.1485 1.1495 0.8717 0.8712 Euro 1.6274 1.6286 1.2346 1.2350 NZ dollar 1.0101 1.0109 0.7663 0.7666 Sterling pound 2.0671 2.0686 1.5681 1.5687
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      • 22 9 Dec 9 S$ Bid Offer 1-month 1.3190 1.3198 2-months 1.3193 1.3202 3-months 1.3188 1.3196 6-months 1.3190 1.3197 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • 205 9 Most active Dec 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****2 12.3 0.9 6705 0.1 0 6 OCBC Bk MB eCW*****3 8.4 1 6510 0.2 1060 4 KepCorp MB eCW*****2 8.2 0.2 5767 0.2 900
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      • 373 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 8 Index Change Change Change Change Change Change World Preliminary 1288.9 -0.4 8.8 -0.5 9.1 -0.3 4.3 EAFE Preliminary 1007.0 -0.5 5.3 -0.5 -0.4 -0.4 -4.7 Europe Preliminary 1410.5 -0.8 4.1
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      • 362 9 Dec 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.24 *****.16 *****.30 Dec14 *****.00 *****.00 *****.00 *****.00 *****7 *****8 Mar15 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 338.80 339.40 337.70 Dec14 339.60 340.00 337.10 337.60 ***** *****5 Jan15 339.90
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    • BANK RATES
      • 154 9 Dec 9 $S Offer Bid 0vernight 0.05 0.01 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.20 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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      • 36 9 Dec 9 (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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      • 67 9 Dec 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.38 105.45 105.41 5-Year N*****0H 1.625 01-Oct-19 100.48 10-Year NY*****H 3.000 01-Sep-24 106.44 106.55 106.25 15-Year NY*****E 2.875 01-Jul-29 103.74 103.90 103.65 20-Year NZ*****V 3.375 01-Sep-33 109.38 109.40 109.40
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    • AGRI METALS ENERGY
      • 212 9 Dec-08 Price Net change change Last Trade Agricultural Dec-08 CBOT Soybeans (US cents/bu) 1043.75 7.75 0.75% 14/01/2015 CBOT Soybean Oil (US cents/lb) 31.77 -0.24 -0.75% 12/12/2014 CBOT Wheat (US cents/bu) 610.00 1.00 0.16% 12/12/2014 Dec-08 LIFFE Cocoa (£/tonne) 1980.00 2.00 0.10% 12/12/2014 LIFFE Coffee (US$/tonne) 2014.00 -24.00 -1.18%
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      • 57 9 Dec 9 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2138.0 2107.0 2138.0 2120.0 297 1888 Jan 15 2144.0 2130.0 2164.0 2119.0 1415 ***** Feb 15 2144.0 2130.0 2168.0 2119.0 ***** ***** Mar 15 2164.0 2135.0
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  • Page 6 Advertisements
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  • Page 7 Advertisements
    • 393 7 FREEHOLD HOUSES CLOSE TO CENTRAL LONDON WITH GARAGE PARKING 2.5 MILES FROM KENSINGTON HIGH STREET m N II il nil IL n NO CAPITAL GAINS TAX FOR MAIN UK HOME INVESTORS '."V •r V* EXCLUSIVE VIP EXHIBITION FOR SINGAPORE Private one-to-one meetings with our CEO Monty Nawaz open Monday to
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  • REAL ESTATE
    • 860 10 Overall median Transaction Over x-value is S$0, the first time the figure is non-negative since October 2013, SRX Property’s flash estimate shows Singapore THE latest flash estimates from SRX Property show that 388 non-landed private homes were transacted in the resale market
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    • 453 10  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE Verge and Chill The Verge, a mall located in Little India, are being offered for sale with an indicative price of S$320 million to S$350 million. The Verge comprises a six-storey mall with
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    • 815 11 Rose House is being used as an art centre by a British painter until the end of this year AFP Beirut LIKE a mirage in the middle of Beirut’s high-rise seafront, the exquisite mansion is a lonely reminder of this city’s romantic past.
      AFP; PHOTO: AFP  -  815 words
    • 270 11 Pictet-Absl Rtn Fxd Inc-HP EUR 04/12/2014 EUR 104,41 Pictet-Absl Rtn Glo Div-P EUR 04/12/2014 EUR 118,03 Pictet-Asian Equities Ex Japan-P USD 05/12/2014 USD 201,91 Pictet-Asian Local Currency Debt-P USD 05/12/2014 USD 147,78 Pictet-Biotech-P USD 04/12/2014 USD 689,92 Pictet-Clean Energy-P USD 04/12/2014 USD 84,30 Pictet-Digital Communication-P USD 04/12/2014 USD 216,85
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  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 23 11 China shares plummet on stricter collateral rules that affect about 500b yuan local govt debt To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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    • 111 11 WE ARE Guided by our time-tested investment process. PIMCO Our Secular Outlook provides a strategic investment framework for the next 3-5 years Quarterly Cyclical forums ensure alignment with shorter-term investment objectives Regular Investment Committee meetings guide day-to-day decision-making Regional experts in global offices provide local market insights Wa I TTi>
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  • BANKING & FINANCE
    • 1075 12 Fed deliberately keeps quiet about how it measures lenders’ performance during downturns, to prevent them from finding loopholes REUTERS New York EXECUTIVES at the biggest US banks are sharing notes with each other before their next round of tests with federal
      REUTERS  -  1,075 words
    • 782 12 BLOOMBERG Kuala Lumpur GLOBAL Islamic bond sales look set to miss out on a record year after Malaysia’s sovereign wealth fund postponed what would have been 2014’s biggest offering. The top underwriter is also cautious over the coming year. Issuance to
      BLOOMBERG  -  782 words
    • 242 12 BLOOMBERG New York HAITONG Securities Co, China’s sec-ond-largest brokerage by market value, will buy the investment banking unit of Portugal’s Novo Banco SA for 379 million euros (S$618 million) to expand outside its home market. The sale of Banco Espirito Santo de Investimento
      BLOOMBERG  -  242 words
    • 260 12 AFP New York THE US government has sued Deutsche Bank for creating shell companies that allowed it to avoid paying tens of millions of dollars in taxes. The suit filed by the US attorney in New York on Monday asks for US$ 190 million
      AFP  -  260 words
    • 550 12 BLOOMBERG London ROYAL Bank of Scotland Group plc (RBS) is seeking offers for its international private bank as soon as this week, according to a person with knowledge of the matter. About a dozen potential bidders for Coutts
      BLOOMBERG  -  550 words
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    • 156 12 A FESTIVE SUPPLEMENT BY JAAN EXQUISITE CELEBRATIONS WITH KRUG 8-31 DECEMBER 2014 •Yv,. IT:'. 88s l mm m sail Indulge in the finest at JAAN as you savour a special 10-Course Degustation Krug Pairing Dinner menu prepared by Chef de Cuisine Julien Royer, complemented by service par excellence and enthralling
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  • ENERGY & COMMODITIES
    • 704 13 Oil price drop comes at same time as China slowdown and copper surplus BLOOMBERG New York LOWER fuel prices are compounding the longest commodity slump in a generation. Because energy accounts for as much as half the cost to produce food and metals, all
      BLOOMBERG; PHOTO: REUTERS  -  704 words
    • 366 13 REUTERS Shanghai CHINA is looking into cutting taxes for domestic iron ore miners as tumbling prices of the commodity and an influx of cheaper overseas supplies threaten the survival of many local firms, the state-owned China Securities Journal reported on Tuesday. Potential
      REUTERS  -  366 words
    • 432 13 REUTERS Mumbai INDIA’S gemstone industry will hope to add some sparkle to ties between New Delhi and Moscow this week by persuading Russia to massively increase its exports of diamonds direct to the global hub of cutting and polishing. Vladimir Putin’s
      REUTERS; PHOTO: AFP  -  432 words
    • 632 13 BLOOMBERG Singapore IRON ore prices will extend declines as growth in low-cost supply from the world’s largest producers outstrips demand, according to JPMorgan Chase Co, which reduced forecasts through 2017. The steel-making raw material will average US$67 a tonne next
      BLOOMBERG  -  632 words
  • Page 13 Advertisements
    • 146 13 PUBLIC LECTURE Wilmar International Professorship in Commodities Business The Financialization of Commodity Markets Wei XIONG Professor of Economics Over the last decade, commodity futures have become a popular asset class for portfolio investors, just like stocks and bonds. This process is sometimes referred to as the financialization of commodity markets.
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  • TECHNOLOGY
    • 848 14 BLOOMBERG Washington COMPUTERS being remotely operated by hackers account for almost one in four views of digital video ads worldwide, according to a study that estimates such fraud will cost advertisers US$6.3 billion next year. The fake views,
      BLOOMBERG  -  848 words
    • 942 14 The startup lets users create online petitions that call on govts and firms to act on specific issues NYT New York IN a twist on how Silicon Valley companies are financed, several technology luminaries have banded together to effectively do the work
      NYT  -  942 words
    • 427 14 REUTERS London CONSUMERS are warming to the idea that wearing a computer on their wrists or clothing may not be the fashion faux pas that early clunky prototypes led many to fear, with 2015 poised to be a breakout for the
      REUTERS; PHOTO: AFP  -  427 words
    • 477 14 AFP Washington A SERIES of spectacular cyber-attacks drew headlines this year, and the situation will only worsen in 2015 as hackers use more advanced techniques to infiltrate networks, security researchers said on Tuesday. McAfee Labs’ 2015 Threats Predictions report sees increased cyber-war-fare and
      AFP  -  477 words
  • Page 14 Advertisements
    • 488 14 FORM 69(4) NOTICE OF DIVIDEND Name of Company Premiere Visione Resources Inc. Private Limited (In Liquidation) Co. Reg. No. *****1539M Address of Registered Office c/o The Liquidator’s Office Number of Matter Companies Winding Up No. 27 of 2013 Amount per Centum 100.0% First Final or otherwise First Final Dividend When
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    • 19 14 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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  • CONSUMER
  • Page 15 Advertisements
    • 1497 15 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED ABN 11 005 357 522 FINANCIAL STATEMENTS FOR ANZ BANKING GROUP LIMITED and its controlled entities for the year ended 30 September, 2014 BALANCE SHEET as at 30 September CONSOLIDATED THE COMPANY 2014 2013 2014 2013 AUD-m AUD-m AUD-m AUD-m Assets Cash 32,559
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  • GOVERNMENT & ECONOMY
    • 858 16 Clearing house disqualifies higher-risk issues from being used for bond repurchase agreements REUTERS BLOOMBERG Shanghai YIELDS on benchmark China Development Bank bonds ended a few basis points lower on Tuesday, having risen by 30 basis points at the opening, after investors were
      REUTERS; BLOOMBERG  -  858 words
    • 543 16 Reversal comes after heavy criticism by opposition and many in healthcare sector REUTERS Sydney PRIME Minister Tony Abbott on Tuesday abandoned a plan to radically reshape Australia’s universal healthcare system by charging patients a fee to see their doctor, a major back flip for
      REUTERS; PHOTO: AFP  -  543 words
    • 372 16 REUTERS Sydney A MEASURE of Australian business conditions fell back sharply in November while confidence continued to decline, a subdued survey revealed that will only add to speculation of further cuts in interest rates. National Australia Bank’s survey of more than 400 firms showed
      REUTERS  -  372 words
    • 494 16 BLOOMBERG Washington CONGRESSIONAL negotiators planned on Tuesday to release a bipartisan US government spending proposal, just days before current funding ends, after resolving disputes over Republican policy proposals. The House and Senate intend to vote on the legislation this week before
      BLOOMBERG; PHOTO: AFP  -  494 words
    • 419 16 BLOOMBERG Atlanta FEDERAL Reserve officials are discussing the future of their vow to hold interest rates low for a “considerable time”, ahead of a meeting next week where they will weigh that pledge against signs of economic strength. Federal Reserve Bank
      BLOOMBERG  -  419 words
    • 571 17  -  WealthInsight notes that the country has about the same number of well-off people as Indonesia, the population of which is 81/2times bigger By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA has more than 26,000 millionaires, who held US$151 billion in combined wealth last year.
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    • 529 17 Focus on welfare of bottom 40% of society, not just poverty of lowest 10% BLOOMBERG London WIDENING inequality creates a drag on economic growth that can be counteracted by tax policies to benefit the less well-off, according to the Organisation for Economic Co-operation and
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    • 409 17 BLOOMBERG London IF you expect global central banks to unwind stimulus next year, you’re probably wrong. In fact, the world’s monetary policymakers are set to open the cash spigot by the most in four years in 2015. Major central banks will
      BLOOMBERG  -  409 words
    • 593 17 AFP REUTERS Brussels EUROPEAN Union (EU) member states and the European parliament said on Tuesday that they have reached a deal on a new 2015 budget for the 28-country bloc after bridging gaps that threatened to scupper a deal. The two had failed
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    • 465 17 LATEST US DATA REUTERS BLOOMBERG Washington US wholesale inventories rose more than expected in October, which could prompt economists to raise their growth forecasts for the fourth quarter. The Commerce Department said on Tuesday wholesale inventories increased 0.4 per cent
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  • OPINION
    • 657 18 EDITORIAL IN the past two weeks, the oil price plunge has accelerated, capping a year in which oil has lost more than one-third of its market value. Crude oil, for instance, has fallen 36 per cent this year alone as it
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    • 825 18  -  TT THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THIRTY years ago this month, Britain and China signed the Sino-British Joint Declaration on the Question of Hong Kong,
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    • 1002 18  -  France could be headed towards a catastrophe, with its leader making political pledges he cannot honour, mainly because of his approach. BY BRIGITTE GRANVILLE AND HANS-OLAF HENKEL approach.BY BRIGITTE GRANVILLE, HANS-OLAF HENKEL T The writers are, respectively, professor of international economics and economic policy at Queen Mary,
      PHOTO: REUTERS  -  1,002 words
    • 2293 19  -  GIC has moved away from the endowment model of strategic asset allocation it had followed for a decade to become one of the world’s most aggressive sovereign wealth funds. BY YOOLIM LEE AND KLAUS WILLE BY YOOLIM LEE, KLAUS WILLE BLOOMBERG LIM Chow Kiat, a 44-year-old man
      BLOOMBERG; FILE PHOTO  -  2,293 words
    • 1020 19  -  By Shiv Puri T The writer is founder and managing director of TVF Capital Advisors a fund management firm based in Singapore WHILE global liquidity lifted all boats like a rising tide during the boom of *****007, that scenario is unlikely to be repeated
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  • TRANSPORT
    • 848 20  -  More asylum seekers from Middle East attempt Mediterranean crossing to seek refuge in Europe TTSTRAIT TALK BY DAVID HUGHES MERCHANTshipsmust have provision to cope with a man overboard emergency and, in the case of most modern vessels, now have a small rescue boat for
      PHOTO: AFP  -  848 words
    • 475 20 AFP Sydney QANTAS chief executive Alan Joyce on Tuesday defended the airline after it was forced to divert or turn around three planes in one day, saying that its record was better than most. Three Qantas flights made unscheduled landings on Monday,
      AFP  -  475 words
    • 545 20 Vietnam to discuss regulating the online cab service after branding it illegal REUTERS Bangkok THAILAND has ordered US online taxi booking company Uber to cease operations, on the same day taxi apps were banned in the Indian capital New Delhi where an
      REUTERS  -  545 words
    • 753 20 REUTERS London PENSION funds, squeezed by low interest rates, are exploring investments in shipping in their hunt for higher returns, hoping to benefit once this industry starts to recover from one of its worst-ever downturns. There are signs of a gradual
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    • 343 20 BLOOMBERG London TANKER rates are increasing to the highest level in at least three years as a surge in US refining boosts demand for ships to carry processed fuels to Latin America and the Caribbean. Vessels carrying about 38,000
      BLOOMBERG  -  343 words
    • 624 21  -  GrabTaxi and the Prime group, which supplies vehicles for Uber Black, have seen demand for higher-end rides go up By Samuel Ee samuelee@sph.com.sg Singapore HIGHER-END limousine rides are growing in popularity as more Singaporeans turn to apps to get a taxi, say
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    • 627 21  -  By Samuel Ee samuelee@sph.com.sg Singapore ELECTRIC mobility may be getting bigger by the day but Lexus remains confident that its hybrid technology will continue to be the key technology for automobiles going forward. A higher degree of electrification requires more advanced batteries,
      627 words
    • 1005 21 NYT New York TIM Collins emerged from Terminal D at La Guardia Airport with even less faith in the judgment of Vice-Presi-dent Joe Biden than usual. Mr Biden had besmirched New York City’s airports this year by likening
      NYT  -  1,005 words
    • 570 22 Cho Hyun-Ah resigns from all her posts but retains her VP title even though she no longer has any official role AFP Seoul THE daughter of Korean Air’s CEO resigned on Tuesday after being widely criticised for having the chief purser kicked
      AFP; PHOTO: AFP  -  570 words
    • 429 22 REUTERS Tokyo HONDA Motor said it will expand an “investigative” recall to replace potentially lethal Takata Corp air bag inflators across the globe, taking the total Takata-related recall tally of all brands to more than 19 million since 2008. Honda earlier added about 2.6
      REUTERS  -  429 words
    • 281 22 REUTERS New York US MERCHANTS face delays of as much as a week to ship cotton from major West Coast ports, threatening exports to China, the world’s largest textile market, ahead of a key Chinese deadline at month’s end for imports to arrive. Congestion
      REUTERS  -  281 words

  • Page 21 Advertisements
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    • 366 21 MR ROBERT C S TAY LEARN THE WINNING STRATEGIES OF INVESTMENT LEGENDS WARREN BUFFETT, BEN GRAHAM, PHILLIP FISHER, PETER LYNCH AND JOHN TEMPLETON! COURSE HIGHLIGHTS To empower participants with the tactical knowledge and expertise in stock valuation, certainly a useful tool in volatile markets. A key focus of the course
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  • Page 22 Advertisements
    • 82 22 Scraping skies. Powering ports. ade possible by QBE. Si I i N3 u fi IB i'i iwi ri?’ Bs When it comes to insurance, QBE has Asia Pacific covered. From protecting the region’s marine, construction and aviation industries to insuring the ports that connect us to the rest of the
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  • 1714 23 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 CALMY CORAL 84 60 20/12 22/12 25/12 MALAYSIA STAR 41 50 08/01 09/01 13/01 15/01 DEL
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    • 295 23 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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  • LIFE & CULTURE
    • 671 24 AFP Paris PEDESTRIANISED, diesel-free and open all hours: Paris is cleaning up its act as the City of Light seeks to cement its position as one of the world’s most visited cities. Paris Mayor Anne Hidalgo hit the headlines over the
      AFP; PHOTO: AFP  -  671 words
    • 290 24 AFP Los Angeles AUDIENCES are continuing to feast on the latest Hunger Games movie, the top-grossing film in North America for a third straight week, according to industry figures released on Monday. The Hunger Games: Mockingjay Part 1, starring Jennifer Lawrence
      AFP  -  290 words
    • 542 24 AFP Stockholm MALALA Yousafzai picks up her Nobel Peace Prize on Wednesday, but the Prize’s youngest laureate already has an even more startling memento from her young life: the blood-soaked school uniform she wore when shot by the Taliban. The 17-year-old Pakistani known
      AFP; PHOTO: AFP  -  542 words
    • 135 24  -  By Arthur Lee arthurl@sph.com.sg IT takes about 10 years for a Christmas tree to grow from a seed to 2 metres high. This may explain why some prefer artificial trees as part of the green movement. An idea by the National Library staff to bring festive cheer to
      PHOTO: ARTHUR LEE  -  135 words
    • 267 24 AFP Bangladesh AFTER giving up all worldly possessions, they wander the Bangladesh countryside dressed in white robes, singing of peace and love for all with their single-stringed instruments. Bangladesh’s “mystic minstrels” have long been dismissed as hippies and have even been
      AFP  -  267 words
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  • Page 24 Miscellaneous
    • 317 24 CRYPTIC CROSSWORD Across 7 Substitute fabric left with expert (7) 10 Followed son and confessed (7) 11 Takeovers put the squeeze around working vouchers (7) 12 Lycra, deployed originally in cycling material (7) 13 Merged 15 publicly-funded buildings (9) 15 Houses of the stars? (5) 16 Article confronting women in
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  • Page 25 Advertisements
    • 134 25 Congratulations to Mr. Goh Peng Ooi Founder Group Executive Chairman of Silverlake Axis On being awarded Ernst Young Entrepreneur of the Year (EOY) 2014 Malaysia From Silverlake Axis Board of Directors and if! Ml J m mm Management Team X silverlake SYMMETRY ATWORK 25 YEARS OF DIGITAL INNOVATION Silverlake Axis
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  • EXECUTIVE MONEY
    • 461 26 TT ON THE RADAR GLOBAL mutual funds were net buyers of Singapore stocks in the three months to Dec 3. Based on the top five transacted stocks, net buys totalled S$1.77 billion, compared to net sells of S$684 million. Based on trade in the
      461 words
    • 726 26 weaker growth abroad checks hopes of US consumer price gains BLOOMBERG Toronto TRADING in two of the biggest exchange-traded funds (ETFs) that buy US government debt shows investors are backing away from bets on inflation picking up at the fastest pace
      BLOOMBERG  -  726 words
    • 1452 25 Economists and strategists stick to their calls that yields will rise as Fed prepares to raise rates BLOOMBERG IF you’re convinced the plummet in yields on US government bonds is an aberration, it may be because you haven’t been in the business long enough.
      BLOOMBERG; PHOTO: AFP  -  1,452 words
  • Page 26 Advertisements
    • 94 26 We not only offer decades of experience, but also the resources of almost 300 in-house developers who continually deliver innovation and enhancements to our CFD trading platforms. Losses can exceed your initial investment. Find out more today at IG.com.sg or call +65 6390 5118 Ensure you understand the risks and
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    • 10 26 US TREASURY BONDS 100-year record shows bears will lose 25
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