The Business Times, 18 December 2014

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

Total Pages: 26
1 26 The Business Times
  • 29 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G E ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Thursday, December 1
    29 words
  • Article, Illustration
    215 1 Singapore exports recovered in November but only just on a weak base a year ago. In fact, non-oil domestic exports (NODX) to some of the Republic’s key markets suffered double-digit drops.TOP STORIES 3 Trade finance is likely to weaken for Singapore banks next year amid softer numbers out
    215 words
  • 27 1 Wednesday Change STI 3,227.23 +12.14 KL COMP 1,681.90 +7.96 NIKKEI 225 16,819.73 +64.41 HANG SENG 22,585.84 -84.66 SHENZHEN B 1,017.16 -4.57 DOW (11am EST) 17,155.09 +86.22
    27 words
  • 1035 1  -  Turbulent currency and oil markets, slow growth in Europe, Japan and China could unsettle By Teh Shi Ning tshining@sph.com.sg @TehShiNingBT Singapore EVEN before volatility in the global financial markets spiked again in recent weeks, Singapore’s private sector economists had already tempered their
    1,035 words
  • 608 1 BLOOMBERG REUTERS MOSCOW EMERGENCY measures failed for a second time this week to reverse a rout in the rouble, narrowing Russian President Vladimir Putin’s options in confronting the country’s deepest financial crisis since 1998. The rouble erased a rally of
    BLOOMBERG; REUTERS  -  608 words
  • Page 1 Advertisements
    • 300 1 *****1 *****4 OUTLOOK 2015: BANKING The transformation of Singapore banks COMPANIES MARKETS 6 VALUABLE LESSONS OUTLOOK 2015: PROPERTY Watershed year as investment sales slump to S$17-18b TOP STORIES 4 Karl Pohl’s guide to central banking OPINION 22 BUSY YEAR FOR HDB HDB’s deficit widens as it ramps up flat supply
      300 words

  • TOP STORIES
    • Article, Illustration
      19 2 BTExplains Source: US Energy Information Administration, Bloomberg, Deutsche Bank Barclays BT Graphics: Kenneth Lim Elenita Sarah Loyola
      Source: US Energy Information Administration, Bloomberg, Deutsche Bank & Barclays; BT Graphics: Kenneth Lim & Elenita Sarah Loyola  -  19 words
    • 601 2 Opec members which backed output cut in Nov meeting are showing a change of heart REUTERS London BRENT crude oil fell below US$59 a barrel on Wednesday, near 51/2-year lows, as major oil producers signalled that they would maintain output despite a supply
      REUTERS  -  601 words
    • 949 2  -  TT COMMENTARY By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore DESPITE a drastic 6.5 percentage point interest-rate hike by the Russian central bank on Monday in a bid to prop up the country’s falling currency, the rouble has continued to get battered, prompting
      949 words
    • 253 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore PUBLIC transport fares will not be increased by more than 2.8 per cent next year, said Transport Minister Lui Tuck Yew. This is lower than the original roll-over figure of 3.4 per
      253 words
    • 396 2  -  Premium for open category also dips as motor industry starts winding down for 2014 By Samuel Ee samuelee@sph.com.sg Singapore PREMIUMS for the last certificate of entitlement (COE) bidding exercise of the year were largely flat for passenger cars but a significant 13
      396 words
    • 684 3  -  1.6% rise comes on low base; S’pore exports to US, EU drop by double digits By Chuang Peck Ming peckming@sph.com.sg Singapore SINGAPORE exports recovered in November but only just on a weak base a year ago. In fact, non-oil domestic exports (NODX) to some of the
      Source: IE Singapore  -  684 words
    • 595 3  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore CONSUMERS have become only marginally more optimistic about Singapore’s economic conditions and their financial positions, according to the latest ANZ-Roy Morgan Singapore Consumer Confidence Index. The latest index, released on Wednesday, rose slightly by 0.9 points to 121.8
      Source: ANZ-Roy Morgan  -  595 words
    • 1367 4  -  Uptick for bulk sales of high-end residential units seen; Blackstone said to have completed purchase of 18 units at Paterson Suites for S$2,100 psf. But 2015 could see an extension of the lacklustre performance in overall market OUTLOOK 2015: PROPERTY By Kalpana
      Source: Savills Research & Consultancy  -  1,367 words
  • Page 2 Advertisements
    • 35 2 h'Ji'l $2.2 MILLION Estimated Draw on Thu, 18 Dec 2014 at 6.30pm For details, visit www.singaporepools.com.sg P L A Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G SINGAPORE E POOLS
      35 words

  • Page 3 Advertisements
    • 97 3 GP GIRARD -PERREGACIX MECHANICS OF TIME SINCE 1791 > 610 0 1b m m IRARD PERREGACIX O' BO o <o wmm m a R o ay. 30 •S' i '3 I m i sm LIE VI if GIRARD-PERREGAUX 033Q0-0095 CALIBER, iELF-WINDING MECHANICAL MOVEMENT HOUR, MINUTE, SMAiL SECOND, LARGE DATE, MOON
      97 words

  • Page 4 Advertisements
    • 39 4 Congratulations to China Shipping on the maiden voyage of CSCL GLOBE to Singapore The world’s largest container ship *****TEU 4 HOLDINGS LIMITED Its Subsidiaries: SH Cogent Logistics Pte Ltd Cogent Automotive Logistics Pte Ltd Cogent Land Capital Pte Ltd
      39 words
    • 268 4 FUTURE ti111ii t s CHINA ADVANCED LEADERS PROGRAMME Grooming future leaders to “China-ready”, “Chirta-sa and “Connected” 11 This course has whetted my appetite for China, and for doing business in China. The initial week opened our eyes to the background and history of China. The second week in China itself
      268 words

  • COMPANIES & MARKETS
    • 583 5  -  Gap between onshore and offshore yuan borrowing rates set to narrow further: JPMorgan senior analyst By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore TRADE finance is likely to weaken for Singapore banks next year amid weakening numbers out of China, and as the gap
      583 words
    • 339 5  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE banks have exposures to major oil-and-gas players in the Republic and in Malaysia, but these are manageable, a recent Maybank-Kim Eng Research report said. By looking through disclosures of oil-and-gas companies’ principal bankers, senior analyst
      339 words
    • 471 5  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore IN line with falling oil prices, Singa-pore-listed offshore support services companies have seen a more than one-tenth average fall in total returns for their stocks so far this year, with some of the bigger entities registering
      471 words
    • 1216 6  -  In 2014, Singapore banks made significant acquisitions, while foreign banks ramped up their local operations here OUTLOOK 2015: BANKING By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE economy may have slowed somewhat but Singapore’s banking sector stood out in 2014 for its continued vibrancy, with
      PHOTO: REUTERS  -  1,216 words
    • Article, Illustration
      63 8 STI Catalist Straits Times index Dec 17,2014 3,227.23 +12.14 (+0.38%) Current streak 1 day Day high 3,232.64 Day low 3,200.63 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Dec 17,2014 734.10 +3.54 (+0.48%) Current streak 1 day Day high 734.38 Day low
      63 words
    • 621 8  -  Index regains 12.14 points. after a 110-point dive in previous two sessions, as traders bet on Wall Street rally TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER having plunged 110 points on Monday and Tuesday, the Straits Times index managed a 12.14-point bounce to 3,227.23
      Source: Bloomberg  -  621 words
    • 306 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 236 +3 237/230 250 206 6 5966.9 CapitaLand 310 -4 314/306 348 268 15.5 2.6 *****.3 CapitaMall Trust 200 +2 201/197.5 209 180 5.1 6936.6 CityDev 984 +14 986/975 1118 860 13.4
      306 words
    • 37 8 VOLUME Golden Agri-Res 84,965,000 IHC 80,107,000 Noble 47,783,000 Genting Sing 34,122,000 Top Global 32,940,000 Market volume 1,369,411,000 VALUE SingTel 115,873,035 Keppel Corp 110,728,618 DBS Grp 108,214,305 Global Logistic 53,077,660 OCBC Bank 52,122,620 Market value 1,363,126,000
      37 words
    • 110 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap DBXT MSRussia US$ US151 +9 379 151/140 302/140 142/157 STI ETF 327 256 328/326 343/298 326/327 IS MS India US$ US703 -9 188 707/696 790/541 703/710 87.9 UETF SSE50China 206 +3 141 206/203 217/140 204/206 64.4
      110 words
    • 77 8 Dec 17 VALUE CLOSE BT OB/OS -681.00 +109.00 BT CADI -*****.00 -22.00 BT 10-day MA -*****.00 -68.00 FTSE ST Mid Cap 730.05 -0.48 FTSE ST Small Cap 481.87 -0.84 FTSE ST All Share 775.20 +2.10 FTSE ST China Top 181.89 -0.03 FTSE ST China 217.49 -0.20 FTSE
      77 words
    • 35 8 STI FTSE ST All-Share FTSE ST All-Share index Dec 17,2014 775.20 +2.10 (+0.27%) Current streak 1 day Day high 775.85 Day low 769.44 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
      35 words
    • 33 8 STI MSCI EAFE MSCI EAFE index Dec 16,2014 1,752.52 +23.03 (+1.33%) Current streak 1 day Day high 1,753.75 Day low 1,717.81 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
      33 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 0 0 0 5 5 5 Manufacturing 42 39 42 12 5 8 54 44 50 Commerce 12 16 22 5 5 3 17 21 25 Tpt/Stor/Comms 16 16 12
      186 words
    • 121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,653 28,653 151,915 151,915 Manufacturing 134,295 52,031 186,326 133,110 2,746 135,856 Commerce 79,994 22,589 102,583 101,930 1,962 103,892 Tpt/Stor/Comms 143,253 735 143,988 225,485 274 225,759 Finance 22,759 274 23,033 241,554 56 241,610 Construction 52,650 23,992
      121 words
    • 77 8 BY CENTS CLOSE UP 52w high/low DBXT iBoxxUSTr US$ ***** 556.3 2.0 *****/***** DBXT MSEurope US$ 5481 36.6 0.5 6492/5366 DBXT MSTHAI US$ 1980 34.0 1.3 2225/1620 Lyxor Europe US$ 1401 32.7 1.8 1678/1359 DBXT MSJAP US$ 4459 30.0 0.5 4814/4260 BY PERCENTAGE CLOSE UP 52w high/low DBS MB
      77 words
    • 79 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSUSA US$ 4990 -329.1 -4.8 5242/4303 DBXT ASX200 US$ 3530 -304.3 -6.2 4403/3530 SPDR S&P500 US$ ***** -198.5 -0.8 *****/***** DBXT DBLCI-OY US$ 2725 -176.3 -4.7 3545/2725 Lyxor MS Idia US$ 1566 -171.1 -7.7 1736/1241 BY PERCENTAGE CLOSE DOWN 52w high/low DBS
      79 words
    • 83 8 VOL CLOSE($) CHANGE Lereno Bio-Chem 15,201.0 0.004 +0.001 +33.33 Zhongxin Fruit 402.0 0.030 +0.008 +36.36 Lizhong Wheel 40.0 0.225 +0.032 +16.58 Europtronic 1,682.0 0.029 +0.007 +31.82 China Yuanbang 253.0 0.075 +0.013 +20.97 Hor Kew 488.0 0.042 -0.005 -10.64 Food Empire 376.0 0.295 -0.025 -7.81 Fabchem China 150.0 0.090
      83 words
    • BROKERS’ TAKE
      • 174 8 Buy Dec 17 close: S$9.84 DBS Group Research, Dec 17 CITY Developments Ltd (CDL), Blackstone and CIMB will form a new investment platform to acquire the cashflows and future distributions of Quayside Collection. The transaction will raise S$1.5 billion through the creation of: (i) S$750m of profit participation
        174 words
      • 106 8 Hold Dec 17 close: S$1.98 OCBC Investment Research, Dec 17 OLAM intends to acquire ADM’s worldwide cocoa business for US$1.3 billion to establish itself among the world’s top three cocoa processors, where its global integrated cocoa business will focus on the supply of cocoa liquor, powder, and butter,
        106 words
      • 196 8  -  Compiled by Jamie Lee Buy Dec 17 close: S$0.655 DMG Partners Research, Dec 17 MANAGEMENT highlighted that the yield from producing Xiaomi’s Mi4 metal casing has surged to over 60 per cent from 30 per cent in Q3 2014 above the 50 per cent break-even point. We expect
        196 words
      • 9 8 DATA I 9.30 pm US initial jobless claims
        9 words
    • 385 9 TT CURRENCIES REUTERS London THE US dollar edged up on Wednesday, a day after falling amid a flight to safety as a Russian currency crisis took hold and as speculation grew of the Federal Reserve taking a more cautious tone on monetary policy.
      REUTERS  -  385 words
    • FOREX RATES
      • 471 9 Dec 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.950 5.052 0.654 6.325 51.874 103.335 0.957 8.939 2.847 1.055 81.991 36.482 1.065 9.573 0.786 25.564 26.887 0.519 0.816 Canada 1.053 5.318
        471 words
      • Article, Illustration
        2 9
        2 words
      • 2 9
        2 words
      • Article, Illustration
        2 9
        2 words
      • 155 9 Dec 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0649 1.0657 0.8155 0.8160 Canadian dollar 1.1209 1.1216 0.8588 0.8584 Euro 1.6277 1.6281 1.2465 1.2466 NZ dollar 1.0091 1.0099 0.7728 0.7733 Sterling pound 2.0515 2.0524 1.5711 1.5715
        155 words
      • 22 9 Dec 17 S$ Bid Offer 1-month 1.3066 1.3069 2-months 1.3068 1.3073 3-months 1.3064 1.3069 6-months 1.3068 1.3074 Source: OCBC
        22 words
      • Article, Illustration
        1 9
        1 words
    • EQUITY BONDS WARRANTS FUTURES
      • 368 9 Dec 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.34 *****.02 *****.94 Mar15 *****.00 *****.00 *****.00 *****.00 *****7 *****9 Jun15 *****.00 4 2641 MSCI TAIWAN INDEX FUTURES SPOT 329.30 329.62 323.86 Dec14 328.60 330.40 323.30 323.30 ***** *****0 Jan15 328.80 330.40 323.30 323.30
        368 words
      • 201 9 Most active Dec 17 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left China Gaoxian FibreFab W*****8 0.2 unch 5683 1 10 278 13.50 45 DBS MB ePW*****2 18.3 0.4 4770 0.2 1910 4 OCBC Bk MB eCW*****3 5.8 -0.3
        201 words
      • 373 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 16 Index Change Change Change Change Change Change World Preliminary 1240.3 1.0 4.7 0.5 4.1 1.3 0.9 EAFE Preliminary 953.3 0.6 -0.3 0.5 -5.6 1.3 -8.5 Europe Preliminary 1337.1 1.8 -1.3
        373 words
    • BANK RATES
      • 154 9 Dec 17 $S Offer Bid 0vernight 0.10 0.05 1-month 0.3750 0.2500 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.13 US$ 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
      • 36 9 Dec 17 (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
      • 65 9 Dec 17 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.35 5-Year N*****0H 1.625 01-Oct-19 100.37 10-Year NY*****H 3.000 01-Sep-24 106.93 107.63 107.00 15-Year NY*****E 2.875 01-Jul-29 104.15 104.85 104.25 20-Year NZ*****V 3.375 01-Sep-33 109.83 110.80 110.80 30-Year NA*****N
        65 words
    • AGRI METALS ENERGY
      • 209 9 Dec-16 Price Net change change Last Trade Agricultural Dec-16 CBOT Soybeans (US cents/bu) 1023.50 -16.00 -1.54% 14/01/2015 CBOT Soybean Oil (US cents/lb) 31.77 -0.50 -1.55% 14/01/2015 CBOT Wheat (US cents/bu) 623.25 4.25 0.69% 13/03/2014 Dec-16 LIFFE Cocoa (£/tonne) 1928.00 21.00 1.10% 16/03/2015 LIFFE Coffee (US$/tonne) 1937.00 1.00 0.05%
        209 words
      • 57 9 Dec 17 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2107.0 2123.0 2125.0 2098.0 274 ***** Jan 15 2114.0 2126.0 2130.0 2102.0 8219 ***** Feb 15 2110.0 2131.0 2136.0 2103.0 ***** ***** Mar 15 2115.0 2138.0
        57 words
    • 862 10 State media, which earlier were encouraging readers to buy shares, have now turned cautious on the rally BLOOMBERG Shanghai ZHANG Jun, a 40-year-old real estate researcher, vowed to never again trade Chinese stocks after losing thousands of yuan during the market crash
      BLOOMBERG  -  862 words
    • 318 10  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore OFFSHORE and specialised vessels designer and shipbuilder Vard Holdings announced on Wednesday that it has secured a contract for the design and construction of an offshore subsea construction vessel (OSCV) for Farstad Shipping. The
      318 words
    • 289 10 REUTERS Beijing CHINESE Internet giant Baidu Inc agreed to buy a stake in Uber as the online car-hailing service seeks to gain ground on rivals with powerful backers in one of the world’s biggest transportation markets. The companies didn’t disclose how big a stake
      REUTERS  -  289 words
  • Page 5 Advertisements
    • 31 5 Your entrepreneurial drive is fuelling your success As you navigate your business and fulfil your aspirations, we can help grow and protect 1 sc.com/privatebank Here for good Standard Chartered Private Bank
      31 words

  • Page 6 Advertisements
    • 155 6 Download BTLuxe Christmas and win two business class tickets to Tokyo on ANA Luxe Download the BTLuxe app on iPad and answer the following questions: 1) What is Rene Redzepi doing in the first photo of the story ‘Tokyo or Bust’ in the BTLuxe iPad App? 2) With ANA, Japan’s
      155 words




  • Page 10 Advertisements
    • 2163 10 The Business Times NOTICES Toll free 1800-289-8822 Email notlces@sph.com.sg www.sphdass.com.sg/notices /o?5 $1 c/ E RE N N IA L CHINA RETAIL TRUST (a business trust constituted on 22 February 2011 under the laws of the Republic of Singapore) Managed by Perennial China Retail Trust Management Pte. Ltd. NOTICE OF RESULT
      2,163 words
    • 47 10 REDEFINING IDEAS 4 printpack+sign Singapore’s printing, packaging signage business exhibition ftj H? >4 l« wy.wiij, M s A mm 29-31 JULY 2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.coiri.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF S|£l
      47 words
    • 20 10 DECEMBER ISSUE OUT NOW! GET YOUR COPY N W FROM THE NEWS STAND OR VISIT WWW.TORQUE.COM.SG/SUBSCRIPTION TO SUBSCRIBE TOTORQUE WWW.TORQUE.COM.SG
      20 words

  • REAL ESTATE
    • 684 11  -  Shortfall due to higher expected loss for flats currently under construction, with more BTO projects awarded and increased development costs By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Housing and Development Board’s (HDB) net deficit (before government grant) more than doubled to
      FILE PHOTO  -  684 words
    • 740 11  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GOODLAND Group is mitigating the slowdown in the Singapore property market by focusing on overseas markets in the region, especially those with double-digit growth in prices and sales transactions over the past two years. This is
      740 words
    • 290 11 REUTERS Dubai INCREASES in Dubai property prices slowed in the second half of 2014 and valuations will be steady next year as a glut of new units are released, consultants CBRE said on Tuesday. The real estate sector in
      REUTERS; PHOTO: BLOOMBERG  -  290 words
    • 250 11 BLOOMBERG Ottawa FEW condominiums in Vancouver and Toronto are owned by foreigners, according to a survey by Canada’s housing agency, suggesting there’s little risk a housing-market crash could be triggered by a quick drop in the global economy. Global investors owned just 2.4
      BLOOMBERG  -  250 words
    • 353 12 HDFC Property Fund eyes funding from GIC, Temasek and Oman’s SWF REUTERS New Delhi A PRIVATE equity fund set up by Housing Development Finance Corp (HDFC), India’s biggest mortgage lender, is targeting raising US$500 million to invest in residential real estate projects, said
      REUTERS  -  353 words
    • 234 12 BLOOMBERG Shanghai CHINA Vanke, the nation’s biggest listed developer, will sell bonds after regulators allowed more property companies to access the onshore note market to support the slumping industry. The builder will issue 1.8 billion yuan (S$380 million) of three-year securities on Dec
      BLOOMBERG  -  234 words
    • 1518 12 Property transactions for selected districts with contract dates between Nov 5 and Nov 11,2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 07/11/2014 99 743 1728 2327 Marina One Residences Apt 07/11/2014 99
      1,518 words
    • 419 12 REUTERS London ROYAL Bank of Scotland (RBS) has sold £4.8 billion (S$9.85 billion) of Irish property loans to US private equity firm Cerberus, shedding a big chunk of problem loans under its plan to shrink its business in Ireland. Cerberus
      REUTERS; PHOTO: AFP  -  419 words
  • Page 11 Advertisements
    • 161 11 FOR SALE BY PRIVATE TREATY LUXURY APARTMENT WESTMINSTER GARDENS LONDON SW1P4DA Bright spacious living room 2 double bedrooms 2 luxury bathrooms State of the art kitchen 24/7 concierge/porterage Secure underground parking Gym conference rooms TOR FURTHER INFORMATION PLEASE FOLLOW THE LINK BELOW W W W. WE STMIN STERAP ART MEN
      161 words
    • 148 11 Huttons' realestategroup Huttons Asia Pte Ltd Licence no. L *****99K COLLECTIVE SALE SELEGIE CENTRE To Central Expessway SUBJECT SITE LaSalle International Design Sch Plaza Singapura Dhoby Ghaut cti MRT Cathay Parklane 4, Paradiz Nanyang Academy of Fine Arts (Middle Rd Campus) ORCHARD RD BRAS BASAH RD Park Mall SMU Freehold
      148 words
    • 61 11 For the 1sttime, fully fitted clinics for lease (limited period only) Flexible clinic sizes ranging from 700 to 1500 square feet For an exclusive viewing, please contact our leasing team 6434 9808 audrey.seen@plpl.com.sg 6434 9832 keith.koh@plpl.com.sg One Orchard Boulevard camden.com.sg 20 COLLYER QUAY Excellent Seaview Next to Raffles Place MRT
      61 words


  • Page 13 Advertisements
    • 1262 13 UEM ADVERTORIAL The Sun Rises on Sunrise he leading listed Malaysian developer has been creating vibrant and dynamic communities with a holistic and integrated lifestyle. It has also extended this proven model to Nusajaya, one of the five flagship zones in Iskandar, where it has already sold 3,180 quality homes.
      1,262 words

  • BANKING & FINANCE
    • 711 14 All other banks clear the test which took place during a series of financial-stability exams across EU WP London CO-OPERATIVE Bank failed the Bank of England’s (BOE) first public stress test of the country’s lenders as Royal Bank of Scotland (RBS)
      WP; PHOTO: REUTERS  -  711 words
    • 594 14 REUTERS Mumbai FACED with a shrinking economy and tepid loan demand at home, Japan’s largest banks are looking to bolster their presence in India, enthused by Prime Minister Narendra Modi’s reform agenda and improving ties between the two countries. While
      REUTERS  -  594 words
    • 487 14 BLOOMBERG New York CITIGROUP traders will be spared the full pinch of this year’s market slump, while investment bankers won’t get bonus boosts as big as their surge in dealmaking. The year-end bonus pool for the bank’s trading
      BLOOMBERG  -  487 words
    • 477 14 BLOOMBERG Wilmington, Delaware BARCLAYS plc investors suing over claims the bank hid high-frequency traders’ role in its dark pool will have their cases consolidated before a federal judge in New York to make pre-tri-al information exchanges quicker and less costly. US District
      BLOOMBERG  -  477 words
  • Page 14 Advertisements
    • 139 14 THE BUSINESS TIMES riiiur mi m MAYBANK KIM ENG Invest Asia 2015 80 What lies ahead for you, the investor, in 2015? Hear from our distinguished panel of speakers at this seminar as they share their insights on the coming year, to help you navigate the ups and downs of
      139 words

  • Page 15 Advertisements
    • 4296 15 NOTICE OF MEETING THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice immediately from their stockbroker, bank manager,
      4,296 words

  • ENERGY & COMMODITIES
    • 1106 16 Funds now have to decide to sell their junk-rated debt at deep discounts or wait for possible crude price recovery OIL ROUT REUTERS Boston INDEPENDENT oil exploration and production companies are leaning heavily on bank credit lines to survive plunging
      REUTERS  -  1,106 words
    • 452 16 It is mirroring Opec’s strategy of not curbing production to tackle global surplus BLOOMBERG MOSCOW RUSSIA will keep its crude oil output steady next year and plunging prices will stabilise, Energy Minister Alexander Novak said, reiterating comments made almost three
      BLOOMBERG; PHOTO: REUTERS  -  452 words
    • 500 16 BLOOMBERG Singapore GOLD prices will recover next year as demand in China and India improves, according to Australia New Zealand Banking Group, which forecast an advance for bullion even as the Federal Reserve raises interest rates. The precious metal will
      BLOOMBERG  -  500 words
    • 672 16 Northern Powergrid tests technology that can control when consumer appliances will be used at home BLOOMBERG Munich WARREN Buffett wants to tell you the best time to wash your clothes. Or at least his energy company in the UK does. Mr Buffett’s
      BLOOMBERG  -  672 words
  • Page 16 Advertisements
    • 74 16 THE BVI BUSINESS COMPANIES ACT, 2004 VALUE MONETIZATION LTD (IN VOLUNTARY LIQUIDATION) Notice is hereby given that in accordance with Section 199 of the BVI Business Companies Act, 2004: a) VALUE MONETIZATION LTD is in dissolution; b) The date of commencement of the dissolution is 5th December 2014; c) David
      74 words

  • TECHNOLOGY
    • 1011 17 Jury’s unanimous verdict: updated version of software was used for genuine improvements to older iPods NYT Oakland, California A JURY took about three hours to reject an antitrust lawsuit 10 years in the making that accused Apple of using a software update to secure
      NYT  -  1,011 words
    • 510 17 Move follows warning to Google it was breaching data protection laws AFP The Hague A DUTCH government-affiliated watchdog said on Tuesday it is probing changes in Facebook’s privacy policy, the latest skirmish in a wider fight over the commercial use of online personal data. The
      AFP  -  510 words
    • 800 17 BLOOMBERG Portland HECTOR Hoyos founded his latest startup on the bet that biometric scanning on mobile phones will replace passwords on websites and ATMs. Now he’s counting on investors to also back the idea. A long-time biometric-security expert, Mr
      BLOOMBERG; PHOTOS: BLOOMBERG  -  800 words
  • Page 17 Advertisements
    • 496 17 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WINSWAY SINGAPORE PETROLEUM CHEMICALS PRIVATE LIMITED Company Registration No. *****3120E (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of WINSWAY SINGAPORE PETROLEUM CHEMICALS PRIVATE LIMITED was deemed to have been held on 11
      496 words

  • CONSUMER
    • 375 18  -  UOB survey reveals Christmas shopping budget of S$709, which is 20 per cent less than last year’s By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN it comes to gifting this Christmas, shoppers in Singapore are spending less this year compared to 2013, according
      Source: UOB  -  375 words
    • 363 18 AFP La Chaux-de-Fonds, Switzerland BARELY a few months after dismissing Apple’s smartwatch, the new chief executive of luxury Swiss watchmaker Tag Heuer conceded on Tuesday that such a hi-tech gadget might have a place in his firm’s line-up after all. “Initially, we
      AFP  -  363 words
    • 440 18 Potential buyers contacted include Mid-East sovereign funds, Asian investors BLOOMBERG London THE owner of Puma SE has explored a sale of the German sportswear maker as efforts to revive the brand drag into a fifth year, according to people familiar with the matter. Kering
      BLOOMBERG  -  440 words
    • 510 18 AFP London BRITISH supermarkets are slashing prices ahead of Christmas, spurred by competition from German-owned discounters, benefitting customers of all tastes. Sales events dubbed “Black Friday", “Cyber Monday” and “Manic Monday” imported from the United States surged in popularity across Britain this year
      AFP; PHOTO: AFP  -  510 words
    • 674 18 BLOOMBERG Chicago CASUAL-DINING restaurants, long known for boasting tome-like menus to appeal to a broad range of customers, are narrowing their offerings to focus on the cuisines they do best. Red Lobster recently axed tortilla soup, while Chili’s got rid of
      BLOOMBERG; PHOTO: BLOOMBERG  -  674 words
  • Page 18 Advertisements
    • 44 18 Catch ZB Keywords, Cook an egg? a daily 3-minute video news series, f > What can you do in 3 minutes? B:£S h1 LI AN HE /.AOBAO fti VJ Ml Become enlightened Scan the QR code now to view zaobao.sg the latest videos on zaobao.sg
      44 words

  • TRANSPORT
    • 579 19  -  It lets commuters broadcast their locations so taxi drivers know where there is demand and can avoid empty cruising By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore FRESH from introducing a S$2.5 million training scheme to upskill taxi drivers, measures to improve taxi availability and
      579 words
    • 404 19 REUTERS BREAKINGVIEWS REUTERS Hong Kong SPICEJET’S woes are all too familiar. India is cajoling banks to lend to the country’s second largest singlebrand carrier when the debt-ridden airline needs more equity. The government’s hope is to save jobs and prevent a repeat
      REUTERS; PHOTO: AFP  -  404 words
    • 812 19 Profits in 2015 will swell 25 per cent to US$25 billion, according to Iata BLOOMBERG Dallas AIRLINES around the world are poised for a US$ 12 billion windfall as the global oil crash cuts bills for jet fuel, the biggest expense
      BLOOMBERG  -  812 words
    • 234 19 REUTERS Tokyo A US-bound American Airlines flight was forced to make an emergency landing in Tokyo on Wednesday after hitting severe turbulence created by a strong winter storm, with several people taken to hospital for minor injuries. American Airlines Flight 280,
      REUTERS  -  234 words
    • 508 19 WP Paris EUROPEAN car sales increased at the slowest pace in a year in November as waning economic growth discouraged customers, prompting carmakers including Fiat Chrysler Automobiles (FCA) to cut prices. Registrations rose 1.2 per cent to 989,457 vehicles
      WP  -  508 words
  • Page 19 Advertisements
    • 59 19 fb.com/ComexITShow www.itshow.com.sg 19-22 MAR 2015 SUNTEC Singapore, Levels 3, 4 &6 12pm 9pm FREE ADMISSION FREE ADMISSION Sellyourtechproducts &servicesatSingapore’s LARGEST I.T, digital, mobile consumer electronicsexhibition! Book Your Space NOW! *Limited Booths Available For more information, call *****620 or email to sales@exhibitsinc.com.sg ORGANISED BY: Organiser of IT SHOW, Food and Beverage
      59 words
    • 34 19 tabla! SICCI 90 BusinessChambereyeing opportunitiesin India CAME AS A TECHNICIAN FROM INDIA. TODAY HE IS BOSS OF 70 GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      34 words

  • GOVERNMENT & ECONOMY
    • 917 20 Threat to Russia’s financial stability comes at a time when relations with the west are hit by Ukraine conflict ROUBLE CRISIS REUTERS Moscow RUSSIA failed to halt the collapse of the rouble on Tuesday, leaving President Vladimir Putin facing a full-blown currency crisis
      REUTERS  -  917 words
    • 764 20 AFP MOSCOW RUSSIANS are feeling the pinch from the slumping rouble, but one somewhat paradoxical result has been to unleash a spending spree as consumers snap up electronics, furniture and cars before prices soar. In general, Russians’ spending power has gone down
      AFP; PHOTO: AFP  -  764 words
    • 483 20 Value of exports rises 4.9% but volume is down 1.7%; imports fall 1.7% in first downturn in three months AFP Tokyo JAPAN’S trade deficit in November shrank by nearly a third from a year ago, helped by higher exports and falling
      AFP  -  483 words
    • 347 20 REUTERS Bangkok THAILAND’S central bank left its benchmark interest rate unchanged at 2 per cent on Wednesday, as expected, saying the level is low enough to support the country’s “weaker-than-expected” economic recovery. The Bank of Thailand (BOT) said that
      REUTERS  -  347 words
    • 278 20 WP Frankfurt GERMAN investor confidence rose for a second month as Europe’s largest economy showed signs of picking up the pace of growth. The ZEW Centre for European Economic Research in Mannheim said its index of investor and analyst expectations,
      WP  -  278 words
    • 614 21  -  Downgrade for developing economies in the region due to oil price slump and looming Russian financial crisis By Anthony Rowley btworld@sph.com.sg Tokyo THE Asian Development Bank (ADB) has downgraded slightly its 2014 growth forecasts for many of Asia’s
      614 words
    • 302 21 REUTERS London THE European Union has agreed to rules to stamp out tax evasion and stop dirty money from criminal gangs or terrorism finance being channelled through anonymous companies. EU states and the European Parliament struck the agreement on Tuesday evening to
      REUTERS  -  302 words
    • 605 21 Current account deficit rises 1.9% in Q3, to US$100.3b from a revised US$98.4b in Q2 LATEST US DATA REUTERS Washington US consumer prices recorded their biggest drop in nearly six years in November as petrol prices tumbled, but this probably will do
      REUTERS; PHOTO: REUTERS  -  605 words
    • 185 21 BLOOMBERG Brussels THE European Union’s probe of sweetheart fiscal deals expanded as the competition regulator requested all EU countries to provide information about tax accords with multinationals. The EU is seeking lists of every company granted a so-called tax ruling between
      BLOOMBERG  -  185 words
    • 208 21 REUTERS Zurich THE Swiss government said on Wednesday it had chosen Andrea Maechler to become the first female member of the Swiss National Bank’s (SNB) governing board in the central bank’s 107-year history. Ms Maechler, 45, will replace board member Fritz Zurbruegg,
      REUTERS  -  208 words

  • Page 21 Advertisements
    • 234 21 There are more ways to read The Straits Times j Read it on Print, Online, Tablet or Smartphone wherever you are at any angle. O Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the Lenovo Yoga Tablet 2 (8") WiFi (UP. $449). •======^55 I'M
      234 words

  • OPINION
    • 635 22 EDITORIAL IF 2014 goes down in history as the year in which markets had to grapple with the US Federal Reserve’s tapering of its “quantitative easing” or QE stimulus, 2015 is shaping up as a year when QE looks
      635 words
    • 790 22  -  TT THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE rout of the Nationalist Party, or Kuomintang (KMT), in Taiwan by the opposition Democratic Progressive Party (DPP) in local elections
      790 words
    • 1572 22  -  Six lessons from the late legendary Bundesbank president and his spirit of nonchalant hedonism. BY DAVID MARSH COMMENTARY hedonism.BY DAVID MARSH T The writer is managing director and co-founder of the Official Monetary and Financial Institutions Forum (OMFIF), which links central banks, sovereign funds
      PHOTO: BLOOMBERG  -  1,572 words
    • 1022 23  -  TT COMMENTARY By Hans van Cleef T The writer is senior energy economist, ABN Amro Bank NV OIL prices have been under heavy pressure for several months now. The decline started in the summer, accelerated in September and October and again gained momentum
      1,022 words
    • 304 23  -  TT LETTER TO THE EDITOR Mita Natarajan (Ms) Head of Corporate Services, Listings Singapore Exchange I REFER to Lee Kian Leong’s letter, “SGX should be more proactive in its response to feedback” (BT, Dec 16). We thank Mr Lee for his feedback.
      304 words
    • 1394 23 THE ECONOMICS OF ENGAGING INDIA RISKS AND REWARDS NARENDRA Modi’s remarkable landslide win in May this year triggered a tsunami of hope in a country brimming with both ambition and frustration. He has pledged that he would bring about sweeping change in his first term as India’s prime minister. ow
      1,394 words

  • Page 23 Advertisements
    • 103 23 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • 995 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville Hyundai Future 474E 24 Dec 09 Jan 25 Jan 02 Feb 03 Feb 04 Feb 09 Feb 10 Feb 13 Feb 23 Feb 17 Feb Hyundai Future
    995 words
  • Page 24 Advertisements
    • 220 24 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE the business times m Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? Ti ie business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Del iver
      220 words

  • LIFE & CULTURE
    • 437 25  -  Bookmate aims to differentiate itself by its platform’s more direct integration with social media By Lisa Fratini lfratini@sph.com.sg Singapore BOOKMATE, a new e-book subscription service, hopes to fire up the self-publishing scene in Singapore with its social media-friendly platform and large library of
      437 words
    • 671 25 BLOOMBERG Paris DUMPING dried-out Christmas trees on the curb can be a bit of a downer after the holidays. Now Parisians have an option: rent one. The brainchild of four school buddies, the greener alternative allows families to order a live tree online
      BLOOMBERG  -  671 words
    • 810 25 NYT Aalsmeer, Netherlands EACH weekday morning, the buyers descend on Aalsmeer, about a half-hour southwest of Amsterdam, arriving at an enormous warehouse covering some 2 million square metres. They squeeze onto benches, glare at computer screens and, with the push of a button, bid
      NYT  -  810 words
  • Page 25 Advertisements
    • 63 25 H O T PR O PERTY 2.5-STY SEMI-D Farleigh Ave. 7+1 Pool/ lift, 6000 4200sf. Shpg, French Sch Chomp Chomp. NEAR KOVAN MRT 3-sty Terr Nicely reno. 5+1 gdn P/furn 1900/3500sf. $5.8k nego. LOR CHUAN. CORNER hse with gdn. 4bdrm 4 toilets +maid. $4.1K. LOOKING FOR A LANDED PROPERTY TO
      63 words
    • 22 25 www.omy.sg WIN A DREAM GETAWAY WORTH $2000 i Scan And Win a Download omy Apps a a omy News iOSAppStore Google Play
      22 words
  • Page 25 Miscellaneous
    • 316 25 CRYPTIC CROSSWORD Across 1 Realistic ends for partner to play single guy (11) 9 From rear, the nude’s made of clay (7) 10 Doctors left other cases using medical skills initially (6) 12 When parking, stop to find cover on street (7) 13 Hit rock bottom and aspired to change
      316 words