The Business Times, 23 December 2014

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Total Pages: 24
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    29 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg O DoBlBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Tu sday, December 23
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  • Article, Illustration
    Lock icon DAILY DIGEST
    227 1 ExxonMobil’s manufacturing business here faces challenging times as oil prices hit a sharp downtrend. Despite this, the firm’s focus is not on where oil is headed but on running its operations as well as it can, says the oil giant’s new Singapore chairman Gan Seow Kee. top stories
    227 words
  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 3,330.96 +51.43 KL COMP 1,744.05 +28.06 NIKKEI 225 17,635.14 +13.74 HANG SENG 23,408.57 +291.94 SHENZHEN B 1,001.64 -9.95 DOW (11am EST) 17,888.89 +84.09
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  • Article, Illustration
    Lock icon Telcos face new rivals, old problems
    1044 1  -  There might be smaller players entering the market and eyeing their turf, and the road to monetising data remains a long one OUTLOOK 2015: TELCOS By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore COME 2015, the Big Three telcos will find themselves competing harder not just
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  • Article
    Lock icon Public consultation on new rules for credit co-operatives
    465 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore The government is proposing and seeking feedback on new policies to enhance credit co-operatives’ (credit co-ops) financial prudence, governance and management capabilities, with changes targeted for full implementation by 2018. Credit co-ops are membershipbased entities which
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      95 1 *****4 SPACE OPTIMISATION Something old, something new SME 24 FIGHTING PANDEMICS HOCK LOCK SIEW Borrowed scrip summaries add value for investors COMPANIES MARKETS 6 Ebola problem is deeper than it appears for WHO NEWS ANALYSIS Time for highly leveraged consumers to take stock TOP STORIES 2 OPINION 20 B V
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  • TOP STORIES
    • Article, Illustration
      Lock icon Time for highly leveraged consumers to take stock
      1218 2  -  By next June, some 40,000 S’poreans who borrowed more than a year’s income through unsecured loans for 3 straight months, will have their credit lines cut NEWS ANALYSIS By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE’S highly leveraged consumers will have some soul-search-ing
      Source: Credit Bureau Singapore, MAS  -  1,218 words
    • Article, Illustration
      Lock icon ExxonMobil keeps focus on getting fundamentals right
      791 2  -  Firm’s attention is not on where oil price is headed, but on running its operations well By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore WITH oil prices on a sharp downtrend over the past few months, it is a challenging time for ExxonMobil’s manufacturing business
      PHOTO: YEN MENG JIIN  -  791 words
    • Article
      Lock icon Xiaomi to raise over US$1 billion from investors
      518 2 REUTERS Singapore CHINA’S Xiaomi is raising over US$1 billion from investors including Singapore sovereign wealth fund GIC that would value the smartphone maker at over US$45 billion, a person familiar with the deal has said. The fund raising was first reported by
      REUTERS  -  518 words
    • Article
      Lock icon The rules they are a changin’
      388 4 Changes to the Singapore securities market regulations and Companies Act EFFECTIVE DATE Securities market changes in 2014 Jan 1, 2014 Feb 24, 2014 Feb 24, 2014 Feb 24, 2014 Mar 3, 2014 Apr 8, 2014 May 19, 2014 Jul 1, 2014 Nov 3, 2014
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    • Article
      Lock icon Companies Act changes
      148 4 Target date: Q1 2015 I Shares with different voting rights will be allowed, although listing rules have not been changed to allow for multiple-class shares on SGX. I CEOs will face similar disclosure requirements as directors. I Private companies may provide financial assistance to acquire their own
      148 words
    • Article
      Lock icon Rewriting of market’s rulebooks not over
      734 4  -  Next year will see changes aimed at attracting listings, raising market quality OUTLOOK 2015: CORPORATE GOVERNANCE By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE regulatory overhaul of the Singapore investment landscape will continue in 2015 with significant changes aimed at attracting listings, improving corporate governance
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    • Article, Illustration
      Lock icon Corruption curbs, slower economy in China hit casinos
      885 5 Gambling operators make up 5 biggest falls on MSCI Hong Kong Index this year BLOOMBERG Singapore FOR five years, Hong Kong investors couldn’t go wrong on casinos. Now they’re losing more on them than on any other stock and money managers from
      BLOOMBERG; PHOTO: BLOOMBERG  -  885 words
    • Article
      Lock icon Oil falls to US$60 level on Saudi plan to raise output
      693 5 REUTERS London OIL fell towards US$60 a barrel on Monday, reversing gains after Saudi Arabia indicated it could increase its output. The Saudis convinced their fellow Opec members that it is not in the group’s interest to cut oil
      REUTERS  -  693 words
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      98 2 sjyectaCist in BotaritcaC extracts Shaanxi Hope Trading Co Ltd specialises in the trading of plant/fruit extracts and food additives. We have established a good reputation worldwide based on our years of experience, quality products, competitive prices and superior service. You are welcome to contact us if you have any enquiries.
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  • Page 4 Advertisements
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      277 4 There are more ways to read The Straits Times Read it on Print, Online, Tablet or Smartphone wherever you are at any angle. o HOLD TILT STAND HANG Subscribe* now to The Straits Times All-in-One PLUS package for 36 months and receive the Lenovo* Yoga Tablet 2 (8") WiFi (UP.
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      119 5 V ‘I THINK THE DURATION OF AN HOUR SHOULD BE A PERIOD OF PLAY. IT SHOULD BE A CELEBRATION FOR THAT ONE SPECIFIC HOUR IN LIFE AND SO YOU SHOULD HAVE SOMETHING ON YOUR WATCH, SOMETHING EXCITING, THRILLING AND ENGAGING TO REPRESENT IT.” C'/ URWERK ZURICH/GENEVE THE HOURGLASS SINGAPORE PARAGON
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  • COMPANIES & MARKETS
    • Article
      Lock icon Borrowed scrip summaries add value for investors
      685 6  -  SGX’s daily Marking of Sell Orders report commendable; but more can be done to enhance its usefulness HOCK LOCK SIEW By R SIVANITHY IT is encouraging to see that the Singapore Exchange (SGX) now publishes its daily Marking of Sell Orders report at
      685 words
    • Article, Illustration
      Lock icon CapitaGreen obtains TOP
      296 6  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CAPITAGREEN a 40-storey Grade A office building in the Central Business District obtained its Temporary Occupation Permit (TOP) on Dec 18. It has also secured leases for 50.4 per cent (352,800 square feet) of its net lettable area as at December,
      FILE PHOTO  -  296 words
    • Article
      Lock icon Memstar in RTO deal with China firm
      429 6  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore MEMSTAR Technology a cash company after selling its membrane manufacturing business to United Envirotech has entered into a US$420 million reverse takeover deal with the owners of Longmen Group, a Chi-na-based developer of unconventional natural gas. Memstar
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    • Article
      Lock icon Del Monte Pacific seeks to raise US$180m through rights issues
      489 7  -  Rights offerings in Singapore and the Philippines a move to deleverage and boost balance sheet, says company By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore FOOD and beverage company Del Monte Pacific Ltd, which is dual listed on the mainboard of the
      489 words
    • Article
      Lock icon Europe’s small firms turn to non-traditional lenders
      147 7 BLOOMBERG Madrid EUROPE’S small companies are overcoming cutbacks in bank lending by increasing funding from non-traditional lenders, according to Deloitte LLP. Financing from buyout firms, insurers and pension providers more than doubled to 73 deals in the third quarter compared with the same
      BLOOMBERG  -  147 words
    • Article
      Lock icon Don’t rule out high-yield bonds yet
      353 7  -  By Neil Unmack gl REUTERS BREAKINGVIEWS London THE high-yield boom is heading for hold-your-nose territory. Egged on by central banks, bond investors will keep chasing yield, despite a market sell-off, a few blow-ups and rising corporate indebtedness. By early December, 2014’s high-yield issuance exceeded
      |gl REUTERS BREAKINGVIEWS  -  353 words
    • Article
      Lock icon STATS ChipPAC takeover group formed
      299 7  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore DETAILS have emerged on how China’s biggest chip-packaging service provider Jiangsu Changjiang Electronics Technology Co (JCET) might fund its potential US$780 million purchase of Singapore semiconductor company STATS ChipPAC. JCET will partner two independent parties. The first is SilTech
      299 words
    • Article
      Lock icon China SOEs “will benefit” as water industry consolidates
      743 8  -  China Everbright Water hopes to be among the top three companies, says its CEO By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS the China wastewater treatment industry consolidates, state-owned enterprises (SOEs) will benefit, said China Everbright Water chief executive WangTianyi, 52, on Monday.
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    • Article, Illustration
      Lock icon More China firms eyeing listing here: SGX chief
      306 8  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THERE is growing interest from Chinese companies to be listed in Singapore, said Singapore Exchange (SGX) CEO Magnus Bocker in a media interview on Monday. “There is a stronger pipeline today than a year ago,” he
      FILE PHOTO  -  306 words
    • Article
      Lock icon China’s Haitong to raise HK$29.9b
      352 8 BLOOMBERG Beijing HAITONG Securities Co, China’s sec-ond-biggest brokerage by market value, said it plans to raise HK$29.9 billion (S$5 billion) selling shares in a private placement in Hong Kong. The company will sell 1.92 billion additional Hong Kong-listed shares at HK$ 15.62 each, it said
      BLOOMBERG  -  352 words
    • Article
      Lock icon Emerging markets rally on oil and China stimulus bets
      419 8 BLOOMBERG Jakarta EMERGING-MARKET stocks headed for the steepest four-day gain in 15 months as energy companies rallied with oil and investors bet that China will take more measures to support economic growth. Russia’s rouble rose for a second day. CNOOC Ltd
      BLOOMBERG  -  419 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times index Dec 22,2014 3,330.96 +51.43 (+1.57%) Current streak 4 days Day high 3,330.96 Day low 3,291.49 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index Dec 22,2014 745.57 +5.04 (+0.68%) Current streak 4 days Day high 746.27 Day low
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    • Article, Illustration
      Lock icon Fed-inspired STI rebound continues
      654 10  -  Index surges 1.6% but the rest of the market continues to experience low volume and low volatility STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THANKS to Wall Street’s US Federal Reserve-inspired recovery, the Straits Times Index’s rebound from its battering last week continued this week when it
      Source: Bloomberg  -  654 words
    • Article
      Lock icon STI STOCKS
      306 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 239 +5 241/234 250 206 6 6042.8 CapitaLand 323 +6 325/317 348 268 16.2 2.5 *****.7 CapitaMall Trust 202 +2 202/200 209 180 5.1 7005.9 CityDev 1022 +13 1022/1009 1118 860 13.9
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    • Article
      Lock icon MOST ACTIVE
      37 10 VOLUME Memstar Tech 463,044,000 IHC 52,415,000 SIIC Environment 45,512,000 Otto Marine 40,922,000 Golden Agri-Res 30,569,000 Market volume 1,689,015,000 VALUE Keppel Corp 65,065,880 SingTel 54,264,597 DBS Grp 49,380,482 UOB 38,680,560 OCBC Bank 36,508,430 Market value 926,418,000
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    • Article
      Lock icon SGX ETFs
      109 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US729 395 735/728 790/541 728/732 91.1 UETF SSE50China 212 +5 284 212/208 217/140 211/213 66.3 Nikko AM STI ETF 342 cd +5 170 343/341 422/300 342/343 8.2 STI ETF 337 +5 138
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Dec 22 VALUE CLOSE BT OB/OS -254.00 +278.00 BT CADI -*****.00 +149.00 BT 10-day MA -*****.00 -26.00 FTSE ST Mid Cap 739.63 +6.91 FTSE ST Small Cap 490.18 +5.33 FTSE ST All Share 797.02 +11.31 FTSE ST China Top 184.54 +1.74 FTSE ST China 221.05 +3.24 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index Dec 22,2014 797.02 +11.31 (+1.44%) Current streak 4 days Day high 797.02 Day low 788.64 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index Dec 19,2014 1,782.04 +14.71 (+0.83%) Current streak 2 days Day high 1,790.09 Day low 1,768.53 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (Oct 16, 2014)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 3 0 0 0 10 2 3 Manufacturing 62 21 30 8 10 9 70 31 39 Commerce 20 14 18 3 3 4 23 17 22 Tpt/Stor/Comms 25 5 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,178 20,178 96,203 96,203 Manufacturing 643,828 33,683 677,511 107,000 1,955 108,955 Commerce 56,767 47,075 103,842 58,299 2,533 60,832 Tpt/Stor/Comms 122,804 160 122,964 143,860 60 143,920 Finance 18,031 50 18,081 150,107 12 150,119 Construction 22,819 6,636
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    • Article
      Lock icon GAINERS
      75 10 BY CENTS CLOSE UP 52w high/low DBXT STGLDv US$ 3231 128.0 3.1 3542/3042 DBXT MSKorea US$ 5639 117.4 1.6 6735/5550 JMH USD 5971 93.7 1.2 6460/4934 UOB.ES.1412 2416 92.0 4.0 2458/2324 DBXT Vietnam US$ 2593 72.6 2.2 3100/2384 BY PERCENTAGE CLOSE UP 52w high/low Yong Xin Intl 3.6 200.0
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    • Article
      Lock icon LOSERS
      78 10 BY CENTS CLOSE DOWN 52w high/low DBXT E50 US$ 4839 -92.3 -1.4 5630/4637 SPDR DJIA US$ ***** -73.9 -0.3 *****/***** Lyxor AsiaRE US$ 939 -44.9 -3.5 1008/839 Sarie Tech 241 -17.0 -6.6 325/179.5 IS Asia BND US 1034 -10.6 -0.8 1073/990 BY PERCENTAGE CLOSE DOWN 52w high/low OLS W*****5
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    • Article
      Lock icon UNUSUAL ACTIVITY
      84 10 VOL CLOSE($) CHANGE CMProp HKD 1.1 12.000 +3.980 +49.63 Yong Xin Intl 80.0 0.036 +0.024 +200.00 Memstar Tech 463,044.0 0.025 +0.010 +66.67 Zhongxin Fruit 200.0 0.020 -0.010 -33.33 ChinaKundaTech 1,162.0 0.027 +0.007 +35.00 Magnus Energy 19,570.0 0.004 -0.002 -33.33 LottVision 13,466.0 0.007 -0.001 -12.50 Pollux Prop 300.0 0.079
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    • BROKERS’ TAKE
      • Article
        Lock icon Plantations
        202 10 Neutral CIMB Research, Dec 22 MALAYSIA has extended the export tax exemption on crude palm oil (CPO) to end-February 2015 to boost CPO exports and reduce inventories. We are neutral on this move as the CPO export tax will likely stay at zero anyway given the current CPO price
        202 words
      • Article
        Lock icon Silverlake Axis
        241 10  -  Compiled by Andrea Soh Buy Dec 22 close: S$1.25 May bank Kim Eng Dec 18 SILVERLAKE Axis (SAL) has formed a new 51:49 company, Silverlake HGH, with Andrew Holliday, MD of Finzsoft Solutions, a New Zealand-based financial technology company. Silverlake HGH will make a full takeover of Finzsoft
        241 words
      • Article
        Lock icon CALENDAR
        32 10 DATA I 1.00 pm (Dec 23) Singapore Consumer Price Index I 9.30 pm US GDP price index I 9.30 pm (Dec 24) US initial jobless claims US personal income and outlays
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    • Article
      Lock icon Euro rebounds; eyes on Greece and US data
      376 11 CURRENCIES REUTERS London THE euro bounced back from two-year lows against a slightly weaker dollar on Monday, with Greece’s presidential election and a batch of US data on Tuesday the chief risks to a calmer holiday mood. The Australian dollar, up 0.3
      REUTERS  -  376 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Dec 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.944 5.070 0.665 6.324 51.528 101.413 0.976 8.936 2.843 1.055 81.961 36.385 1.076 9.445 0.801 25.739 26.805 0.521 0.815 Canada 1.059 5.369
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Dec 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0754 1.0756 0.8152 0.8153 Canadian dollar 1.1386 1.1393 0.8636 0.8631 Euro 1.6167 1.6171 1.2255 1.2257 NZ dollar 1.0195 1.0203 0.7728 0.7734 Sterling pound 2.0634 2.0639 1.5641 1.5644
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Dec 22 S$ Bid Offer 1-month 1.3197 1.3200 2-months 1.3210 1.3199 3-months 1.3204 1.3208 6-months 1.3212 1.3216 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Dec 22 $S Offer Bid 0vernight 0.04 0.02 1-month 0.3750 0.2500 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.50 US$ 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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      • Article
        Lock icon SIBOR
        36 11 Dec 22 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 11 Dec 22 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.12 105.18 105.17 5-Year N*****0H 1.625 01-Oct-19 99.64 99.82 99.65 10-Year NY*****H 3.000 01-Sep-24 105.91 106.06 105.65 15-Year NY*****E 2.875 01-Jul-29 102.46 102.88 102.38 20-Year NZ*****V 3.375 01-Sep-33 108.13
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        362 11 Dec 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.53 *****.58 *****.62 Mar15 *****.00 *****.00 *****.00 *****.00 *****0 *****1 Jun15 *****.00 1 2642 MSCI TAIWAN INDEX FUTURES SPOT 334.09 336.86 333.35 Dec14 334.50 337.50 332.70 337.20 ***** *****5 Jan15 334.90 337.90 333.00 337.50
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        213 11 Most active Dec 22 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB ePW*****3 10.7 -1.9 4670 0.2 820 6 STI 3400 MB eCW*****0 4.8 0.4 4280 0.0 --4 OCBC Bk MB eCW*****3 7.5 0.7 3660 0.2 1060
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Dec 19 Index Change Change Change Change Change Change World Preliminary 1276.5 0.6 7.8 0.7 7.7 0.5 3.3 EAFE Preliminary 983.7 1.0 2.9 1.0 -3.0 0.8 -7.0 Europe Preliminary 1377.5 0.3 1.7
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        211 11 COMMODITY FUTURES Dec-19 Price Net change change Last Trade Agricultural Dec-19 CBOT Soybeans (US cents/bu) 1030.50 -4.50 -0.43% 14/01/2015 CBOT Soybean Oil (US cents/lb) 31.97 0.08 0.25% 14/01/2015 CBOT Wheat (US cents/bu) 632.25 -23.00 -3.51% 13/03/2014 Dec-19 LIFFE Cocoa (£/tonne) 1988.00 19.00 0.96% 16/03/2015 LIFFE Coffee (US$/tonne) 1896.00
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      • Article
        Lock icon PALM OIL
        57 11 Dec 22 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 14 2162.0 2160.0 2173.0 2160.0 367 7025 Jan 15 2168.0 2153.0 2172.0 2155.0 2923 ***** Feb 15 2168.0 2153.0 2174.0 2152.0 ***** ***** Mar 15 2170.0 2156.0
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      107 6 SPH Scores Big At Digital Media Of The Year Awards Singapore Press Holdings’ online products have aggregated a bumper crop of awards in the Digital Media of the Year Awards by Marketing Magazine this year. These accolades are the result of our commitment to cement our position as the preferred
      107 words
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      65 7 ONLINE SALE www.oaks.com.sg^ Wine, Whisky, Sake, Champagne, Life Style and Wine ACCeSSOrieS Over 500 products available Best Whisky Offer! Glenfarclas Now; S$420.00 30 Year Old Single Malt Scotch Whisky Usual; S$530.00 Glenfarclas Now; S$650.00 40 Year Old Single Malt Scotch Whisky Usual: S$820.00 It's} I 'Discovery The Oaks Cellars Pte
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  • Page 8 Advertisements
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      61 8 m 10 CM m^anmar Incorporating: Myanmar 0 retail if Urban and City Planning Conference 2015 Real Estate Show Myanmar 2015 29 June -1 July 2015 Yangon, Myanmar II t Your gateway to trends and investment opportunities in Myanmar's real estate Contact Jason at +65 6848 6051 or email jason@sphereconferences.com to
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      69 8 DECEMBER ISSUE OUT NOW! THE YEAR IN TECH: ALL YOU NEED TO KNOW SI N G AP O RE THE POWER TO DECIDE DECEMBER 2014 S$6.90 WWW.HARDWAREMAG.COM 2014 FESTIVE 01 D C GUIDE IN THIS ISSUE YOUR DSLR MULTI-ROOM WIRELESS SPEAKERS FREE Receive a Red Monster Premium FREE!Receive a Red
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      11 8 www.omy.sg Selina urns A '&S& m Scan And Read showbiz, omy.sg
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      89 8 H O T PR O PERTY **PAYA LEBAR SQUARE Brand New P/Fitted Office Direct Link to Mall 2 MRT 484/ 5xx/ 6xx/ 8xx/ 9xx sf 1xxx/ 2xxx/ 3xxx/ 4xxx/ 5500 sf. $5.50-$7.50 psf Keys with us, Daily Viewing $700 BT BATOK Office in- clude PUB, internet, meet-ing rm, sheltered parking.
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Short-term jitters in London real estate after tax changes
      1311 12  -  S’pore investors may incur greater compliance costs but slow, cautious market poses buying opportunity By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE changes in London’s property taxes both the recent stamp duty reforms and a new capital gains tax for foreigners may
      PHOTO: BLOOMBERG; Source: apieceoflondon.co.uk  -  1,311 words
    • Article
      Lock icon Rental demand for small retail units may weaken: DTZ
      652 12  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore WHILE the limited supply of strata-titled retail units available for sale is likely to help support the potential for capital appreciation in the long term, DTZ advises investors to be mindful that the rental demand
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    • Article
      Lock icon ‘Just-below’ pricing tactic a boon for house sellers
      947 12 WP Washington WE’VE all seen items advertised for just a tad less than the nearest round number US$9.99 instead of US$10. Many of us would like to think we’re too savvy to let that one-cent difference influence our buying decision. But research
      WP  -  947 words
  • Page 12 Advertisements
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      441 12 THE BVI BUSINESS COMPANIES ACT, 2004 SHINEMIND LIMITED (Company Number: *****42) (the “Company”) (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1)(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation is 15 December
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  • BANKING & FINANCE
    • Article
      Lock icon More storms in teacup ahead as volume picks up
      945 13 Swings in US volatility index expected to continue with repeated localised shocks BLOOMBERG New York DON’T let last week’s rebound fool you, strategists say. More wild days are coming in the stock market. While calming words from the Federal Reserve were
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      Lock icon Lacklustre showing by Shanghai-Hong Kong stock connect
      753 13 Lacklustre showing by ShanghaiHong Kong stock connect REUTERS Hong Kong A MONTH after China opened up its equity markets in a landmark trading link with Hong Kong, demand has been subdued and the bulk of activity has come from short-term speculative investors. The authorities had hoped mutual and pension funds
      REUTERS; PHOTO: BLOOMBERG  -  753 words
    • Article
      Lock icon Russia to bail out Trust Bank with up to 30b roubles
      370 13 REUTERS AFP Moscow RUSSIAN mid-sized lender Trust Bank is to receive up to 30 billion roubles (S$717.5 million) from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis.
      REUTERS; AFP  -  370 words
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      Lock icon Local govts may sell debt overseas after China pulls support
      459 13 They may follow lead of Beijing Infrastructure, which raised US$1.3b selling global bonds BLOOMBERG Singapore CHINA’S overhaul of local government financing spells opportunity for global investors in 2015. Standard Poor’s and Moody’s Investors Service predict municipalities facing severe financing needs
      BLOOMBERG  -  459 words
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      1474 13 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AREIF KOREA 1 PTE. LTD. (Company Registration No: *****1421M) (Incorporated in Singapore) (IN MEMBER’S VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the member of the Company duly convened and held at
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  • ENERGY & COMMODITIES
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      15 14 China unveils .Lianhe Zaobao .$-9%!780 to curl To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      99 14 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
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Cyber war capability stretches N Korea reach beyond missiles
      1145 15 Country has added elite hackers to its list of asymmetric weapons in recent years, augmenting its standing abroad Seoul NORTH Korea’s alleged ability to hack into Sony Pictures Entertainment is extending Kim Jong Un’s reach far beyond the range of his
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      Lock icon Hacking at S Korean n-plant raises alarm
      431 15 REUTERS Seoul COMPUTER systems at South Korea’s nuclear plant operator have been hacked, the company said on Monday, sharply raising concerns about safeguards around nuclear facilities in a country that remains technically at war with North Korea. The Korea Hydro and Nuclear Power
      REUTERS  -  431 words
    • Article
      Lock icon Challenges for Amazon cloud biz, post-Snowden
      514 15 REUTERS San Francisco THIS spring, Taser International Inc won a small but high-profile contract to supply body cameras to the London police. But the deal nearly collapsed over one issue: where the video footage would be stored. In the end, the deal survived only
      REUTERS  -  514 words
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  • CONSUMER
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      Lock icon UPS set to deliver record 585m packages in Dec
      578 16  -  This is 10% more than in December last year; delivery volume boosted by the recent proliferation of e-commerce By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore WHILE the year-end holidays are considered by many as the “most wonderful time of the year”, they
      578 words
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      Lock icon South-east Asia seen as medical tourism’s “sweet spot”
      855 16 AFP Kuala Lumpur THE lines snaking into Bangladesh’s overwhelmed hospitals are often so long, says Nusrat Hussein Kiwan, that they extend into the street outside too many patients seeking too few quality doctors. So, through a Google search, the wife of a
      AFP; FILE PHOTO  -  855 words
    • Article
      Lock icon German retail stores turn back on tradition to survive
      647 16 Amid competition, their future success may depend on keeping up with the rapidly evolving retail landscape BLOOMBERG Frankfurt AT Frankfurt’s Galeria Kaufhof, the department store’s trademark green banners and bags point to 135 years of tradition. To preserve its place on
      BLOOMBERG  -  647 words
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      Lock icon Amgen’s new cancer drug treatment to cost US$178,000
      427 16 BLOOMBERG San Francisco AMGEN Inc’s leukaemia drug Blincyto will cost US$178,000 for a standard course of treatment, continuing a trend of high prices for immunotherapy, the newest wave of cancer treatments. The price includes two US$89,000 cycles of therapy, the median duration
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      44 16 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
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  • GOVERNMENT & ECONOMY
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      Lock icon The US$6.3t frenzy that vanquished Treasury bears
      889 18 Lack of inflation, concern over the strength of growth globally is spurring the biggest returns since 2011 BLOOMBERG New York WHEN it comes to the ability of the US government to finance itself in the bond market, this year will go down as
      BLOOMBERG  -  889 words
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      Lock icon Greek PM offers early polls in return for lawmaker support
      543 18 NYT Athens GREEK Prime Minister Antonis Samaras, seeking to rally lawmakers behind the government’s candidate for president in a critical vote that could throw the country into new financial turmoil, offered on Sunday to set a date for early general
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      Lock icon Draghi starts squaring QE circle in one month of persuasion
      865 18 BLOOMBERG Frankfurt MARIO Draghi has one month to win consensus on quantitative easing (QE) by showing that he won’t endanger the European Central Bank (ECB). As officials prepare to consider sovereign-bond purchases on Jan 22, the ECB president is working
      BLOOMBERG  -  865 words
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      Lock icon Abbott under fire for women comments
      660 18 AFP Sydney AUSTRALIAN Prime Minister Tony Abbott was accused on Monday of craving “a world where men do the big jobs and women do the ironing” after saying his biggest achievement for females was reducing household bills by axing a carbon tax. The backlash
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      Lock icon South Korea lowers economic growth forecast for 2015
      233 18 AFP Seoul SOUTH Korea on Monday trimmed its economic growth forecast for 2015 to 3.8 per cent from 4.0 per cent as it vowed to continue expansionary policies aimed at spurring domestic consumption. The revised projection comes after the country’s central bank
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    • Article
      Lock icon Existing home sales for Nov hit six-month low of 4.9m units
      516 19 With supply declining, house price gains remain elevated, though the pace of increase is slowing LATEST US DATA BLOOMBERG Washington HOME resales in the US tumbled to a six-month low in November after two straight months of strong increases,
      BLOOMBERG  -  516 words
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      Lock icon Market manipulation probe fuels concern for Chinese small caps
      576 19 BLOOMBERG Shanghai AN investigation into stock market manipulation in China is spurring concern of further losses for shares of smaller companies after a benchmark gauge plunged by the most in a year. The China Securities Regulatory Commission is probing companies and
      BLOOMBERG  -  576 words
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      Lock icon China probes former senior aide to Hu Jintao over graft
      355 19 REUTERS AFP Beijing CHINA’S ruling Communist Party announced a corruption investigation into a one-time senior aide to former president Hu Jintao on Monday, as President Xi Jinping opens another front in his sweeping battle against deep-rooted graft. In a terse
      REUTERS; AFP  -  355 words
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      Lock icon Insurance Bill stalls after India Parliament erupts in protest over religious conversions
      427 19 REUTERS New Delhi INDIAN Prime Minister Narendra Modi’s reform agenda suffered a setback on Monday as protests erupted in parliament and in the streets over a campaign by Hindu hardliners linked to his party to convert Muslims and
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      Lock icon Japan government to “steadily reduce” new JGB issue
      320 19 REUTERS Tokyo JAPAN’S government said on Monday it would “steadily reduce” new government bond issuance for the next fiscal year from that planned for the current year ending in March 2015, in a bid to curb runaway public debt. In a draft
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      Lock icon Two-speed economy a conundrum for RBA
      730 19 BLOOMBERG Sydney AUSTRALIA’S two-speed economy is back only this time, Sydney is leading an east coast boom while mining states lag. Australia’s biggest city contributed 38 per cent of the country’s growth in the year through June, up from an average of 22 per
      BLOOMBERG; PHOTO: REUTERS  -  730 words
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  • OPINION
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      Lock icon The virtue of engaging – and not isolating – your foes
      501 20 The virtue of engaging and not isolating your foes EDITORIAL SINCE he came into office six years ago, President Barack Obama has been criticised for pursuing a strategy of diplomatic and economic engagement with the United States’ adversaries. Unlike his predecessor, who seemed to believe that Washington should retaliate against
      501 words
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      Lock icon Nowadays, conquest is for losers
      872 20  -  THE BOTTOM LINE By Paul Krugman NYT MORE than a century has passed since Norman Angell, a British journalist and politician, published The Great Illusion, a treatise arguing that the age of conquest was, or at least should be, over. He didn’t predict an end
      NYT  -  872 words
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      Lock icon Ebola problem is deeper than it appears for WHO
      1419 20  -  To maintain the global health body in its dysfunctional form and flawed governance structure is to make the world increasingly vulnerable to new pandemics.BY ASIT K BISWAS AND KRIS HARTLEY pandemics.BY ASIT K BISWAS, KRIS HARTLEY T Asit K Biswas is
      PHOTO: REUTERS  -  1,419 words
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      Lock icon Sony’s ominous lesson
      697 21  -  COMMENTARY By Robert Samuelson THE WASHINGTON POST WRITERS GROUP “In light of the decision by the majority of our exhibitors not to show the film The Interview, we have decided not to move forward with the planned Dec 25 theatrical release.” –Sony Pictures Entertainment, Dec 17 Washington
      THE WASHINGTON POST WRITERS GROUP  -  697 words
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      Lock icon No victory lap yet, but recovering US economy set to change attitudes
      1048 21  -  By Leon Hadar THE US unemployment rate has continued to fall in recent months, but American officials have refrained from declaring victory. The consensus in Washington has been that while the Great Recession is behind us, many economic
      1,048 words
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      Lock icon Sony hacking stirs US-North Korea diplomatic storm
      997 21  -  The unfolding episode underlines the potential for business decisions to become intertwined with foreign relations among states and companies.BY ANDREW HAMMOND companies.BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS at the London School of Economics, and a former UK
      PHOTO: AFP  -  997 words
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  • Article
    Lock icon Shipping times
    998 22 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
    998 words
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      229 22 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Publicise Your Delivery Of Newbuilds v Come
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  • LIFE & CULTURE
    • Article
      Lock icon Canon signs 3-year sponsorship deal with Sports Hub
      309 23  -  It’ll be the new sports complex’s official printing and imaging partner, and its fourth founding partner By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore CANON has inked a three-year deal to become the fourth and latest founding partner of the S$1.33 billion Singapore Sports
      309 words
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      Lock icon Hollywood’s not looking to sequel for 2014
      1101 23 NYT Los Angeles THE delay of major movies from Pixar and Universal. The pirating of The Expendables 3 and Annie before their release. Warner Bros suffering one dud after another. Hackers forcing the cancellation of a big Sony comedy. Hollywood does not want
      NYT; FILE PHOTOS  -  1,101 words
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      Lock icon Argentine court rules captive orangutan has right to freedom
      400 23 REUTERS Buenos Aires AN orangutan held in an Argentine zoo can be freed and transferred to a sanctuary after a court recognised the ape as a “non-human person” unlawfully deprived of its freedom, local media reported. Animal rights campaigners filed a
      REUTERS  -  400 words
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      31 23 4Want access to BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      319 23 CRYPTIC CROSSWORD Across 1 Basic fault and men must change (11) 9 Swimmer and slacker going across India (4-5) 10 Public impression of one million years (5) 11 Native store recreated around centre of Egypt (6) 12 Band with quality sound that’s hard to ignore? (8) 13 Apology from former
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  • SME
    • Article, Illustration
      Lock icon Something old, something new
      1135 24  -  LHN takes unused spaces and makes the most of them, turning them into attractive office space. BY VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT Singapore IT takes plenty of guts, foresight and vision to transform unused spaces off the beaten track into attractive office areas, but this is what
      PHOTO: ARTHUR LEE  -  1,135 words
    • Article
      Lock icon How to turn a small enterprise into a franchise business
      1024 24  -  Franchising can allow you to generate profits faster and expand your reach to more areas than you could, using your own resources. BY GLENDON CHEOK resources.BY GLENDON CHEOK The writer is head of operations, Franchising and Licensing Association of Singapore
      1,024 words
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      87 24 ATTENTION!ALLSHIPPING MARITIME BUSINESSES EXPOSURE GETENHANCED&AFFORDABLE BOTHINPRINTANDONLINE TOSELLYOURPRODUCTS&SERVICES 6cm PACKAGE A ONCE AWEEK PRINTAD ONLINE AD (3 months) 6cm x 2 col (7.9cm) Full Color just $202 per ad 6cm 2col (7.9cm) PACKAGE B TWICE A WEEK PRINT AD ONLINE AD (6 months) 6cm x 2 col (7.9cm) Full Color just
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