The Business Times, 27 December 2014

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Microfilm: NL33313
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g DECEMBER 27-28, 2014 S$1.00 MCI (P) 052/08/2014 SfTl A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon S’pore Nov output slide weighs on GDP outcome
    677 1  -  Private-sector economists say full-year GDP growth could be under the govt’s projection of “around 3 per cent” By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore INGAPORE now faces downside risks to its fourth-quarter and full-year gross domestic product (GDP) growth, with the manufacturing sector
    Source:Economic Development Board; FILE PHOTO  -  677 words
  • Article, Illustration
    Lock icon Poor economic data makes Abe’s job tougher
    713 1  -  Industrial output, core inflation rate, real wages all down in November By Anthony Rowley btworld@sph.com.sg Tokyo A RAFT of adverse official data on Japan’s economy released on Friday underlined the difficulty of the task facing Prime Minister Shinzo Abe as he seeks to
    PHOTO: AFP  -  713 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon SCCCI issues Budget 2015 recommendations
      508 2  -  SMEs’ wish list includes no rise in foreign worker levies, no quota tightening, more subsidies, and consultation before rule changes By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore TOPPING the wish list of small and medium-sized enterprises (SMEs) is for the government to not raise foreign worker
      FILE PHOTO  -  508 words
    • Article
      Lock icon FOREX
      49 2 US$ S$ US$ (S$ per US$) 1.323 (US$/S$ per 1.556 2.058 EURO (US$/S$/€ 1.220 1.614 Foreign currency per US$ S$ YEN 120.30 91.00 RM 3.489 2.638 HK$ 7.759 5.867 BAHT 32.92 24.89 RUPIAH 12,468 9,427 RENMINBI 6.207 4.693 INDIAN RUPEE 63.66 48.13 A$ 1.231 0.931 NZ$ 1.291 0.977
      49 words
    • Article
      Lock icon MARKETS
      56 2 GSTI 3,353.68 (+7.77) GSTI FUTURES 3,354.00 (+8.00) GSIMSCI 379.48 (+1.15) GSIMSCI FUTURES 379.30 (+0.20) STOCKS Friday Change KL COMP 1,764.44 +14.70 NIKKEI 225 17,818.96 +10.21 HANG SENG Closed SET 1,510.41 +5.52 JAKARTA Closed MANILA Closed KOSPI 1,948.16 +1.55 SHENZHEN B 1,009.25 +4.68 MUMBAI IND 27,241.78 +33.17 11am EST Change
      56 words
    • Article
      Lock icon PRIME RATES
      29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.524 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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    • Article, Illustration
      Lock icon Tokyo plans to split Japan Post into three separate listings
      522 3 Combined market capitalisation could reach eight trillion yen shows.Bloomberg Tokyo JAPAN’S government plans to split Japan Post Holdings Co into three listed companies by selling shares to the public next August or later as it privatises the nation’s biggest consumer
      shows.Bloomberg; each.PHOTO: BLOOMBERG  -  522 words
    • Article, Illustration
      Lock icon Rebound from tepid year in the works
      1185 4  -  Europeans seen returning; STB preliminary data for Jan-to-Aug 2014 puts visitor arrivals at 10.28m, down 3.3% OUTLOOK 2015: TOURISM By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE could well miss its visitor arrivals target in 2014, but the new year may bring a stronger
      FILE PHOTO  -  1,185 words
    • Article, Illustration
      Lock icon The Russians aren’t coming to Dubai
      1216 6 Russia’s economic turmoil means Dubai is losing one of its biggest sources of customers oil.”Bloomberg Dubai RUSSIAN-SPEAKING clerks sit idle in the dozens of shops that line Dubai’s Deira fur market, waiting for someone to come in and look at the racks stuffed with
      oil.”Bloomberg; PHOTO: BLOOMBERG  -  1,216 words
    • Article, Illustration
      Lock icon JTC and CCS to get new board members
      360 7  -  New faces include MPA CEO Andrew Tan, Attorney-General’s Chambers chief prosecutor Mavis Chionh By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore JTC Corp (JTC) and the Competition Commission of Singapore (CCS) will welcome new faces to their boards next year, including former CapitaLand
      360 words
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      54 2 CONTENTS LIVING NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-17 Banking Finance 18 Energy Commodities 19 Technology 20 Consumer 21 Transport 22 Govt Economy 23-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Design L2-3 Dining L4-5 Dining/Personal Space L6-7 Style L8-9 Travel L10-12 Health L13
      54 words
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      302 3 DIO 1 m Anniversary M of success celebrating KANG LI MINERAL KINGDOM PTE LTD has been in Crystals and Feng Shui industry for 25 years. The Chairman Master Lim, the founder and his wife started the company retailing health products. Over the years, they introduce crystals into the industry when
      302 words
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      Lock icon Page 5 Advertisements Column 1
      68 5 ONLINE SALE www.oaks.com.sg Wine, Whisky, Sake, Champagne, Life Style and Wine Accessories over 500 products available Best Japanese Whisky Offer! Suntory Hibiki Now: S$690.00 m 21 Year Old Blended Whisky usual: ssass.oo Suntory Hibiki Now: S$108.00 12 Year Old Blended Whisky usual: S$145.00 It'S A ‘Discovery! The Oaks Cellars Pte
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      Lock icon Page 5 Advertisements Column 2
      155 5 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
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      14 7 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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      Lock icon Page 7 Advertisements Column 2
      993 7 OUE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0050E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of OUE Limited (the “Company”) will be held at 10.00 a.m. on 13 January 2015 at Mandarin Orchard Singapore, Mandarin Ballroom I, 6th Floor,
      993 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon A force for good
      2159 8 / 9  -  Deloitte’s global chairman Steve Almond believes measuring social progress comprehensively and rigorously can help rid the world of economic and social ills. By Michelle Quah By Michelle Quah michquah@sph.com.sg @MichelleQuahBT DELOITTE’S global chairman believes he has the answer to the world’s economic and social ills. It
      PHOTO: YEN MENG JIIN  -  2,159 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Wee Hur not rushing into overseas projects
      646 10  -  Brisbane deal is a diversification from a ‘challenging’ market but S’pore is still the main anchor, says chairman By Lee Meixian leemx@sph.com.sg @LeeMeixianBT @LeeMeixianBT Singapore THE market appears indifferent to Wee Hur Holdings’ first foray into property development in Australia. The stock of
      646 words
    • Article, Illustration
      Lock icon Sarine Technologies shares rebound after it clarifies Q4 outlook
      446 10  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SHARES in diamond manufacturing equipment maker Sarine Technologies rose on Friday, after the company clarified that it expects fourth-quarter revenue to be in line with, or better, than that a year ago. The counter closed
      Source: Bloomberg  -  446 words
    • Article
      Lock icon Swissco discovers S$2.58m fraud by senior employee
      280 10  -  By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE new board at Swissco Holdings has discovered fraud by one of its senior employees totalling S$2.58 million over the last three years. A female employee, who the company did not name, had allegedly misappropriated this sum
      280 words
    • Article
      Lock icon Perennial ends at S$1.04 in mainboard debut trading
      332 11  -  S$1.05 opening values it at S$1.2b By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore PERENNIAL Real Estate Holdings Limited closed its debut trading on the Singapore Exchange mainboard on Friday at S$1.04, after an opening price of S$1.05 which gave it a market capitalisation
      332 words
    • Article
      Lock icon Parkway Life Reit sells Japan nursing homes
      143 11  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore PARKWAY Life Reit, which owns Singapore’s Mount Elizabeth Hospital, has divested seven nursing homes in Japan for 7.95 billion yen (S$88.3 million). The sale price is about 28.1 per cent higher than the original purchase price, 16.1
      143 words
    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 +1 243/241 250 206 5.9 6143.9 CapitaLand 327 +3 327/323 348 268 16.4 2.4 *****.6 CapitaMall Trust 203 +1 203/201 209 180 5.1 7040.6 CityDev 1017 -7 1020/1012 1118 860 13.8
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    • Article
      Lock icon SGX ETFs Most Active
      113 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US715 -13 233 718/715 790/541 715/718 89.4 UETF SSE50China 213 +6 127 213/209 217/140 212/214 66.6 STI ETF 339 +1 75 339/338 343/298 339/340 DBXT MSCHINA US$ US1353 +22 56 1353/1335 1401/1119
      113 words
    • Article
      Lock icon SIBOR
      31 12 Dec 26 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (SS) 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      806 12 For week beginning Dec 22 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) IEV Hldgs 23-Dec-14 Christopher Nghia Do Buy 23 0.14 ***** 12.32 ***** 12.34 Sino Construction 23-Dec-14 Edward
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    • Article
      Lock icon securities trading scoreboard
      186 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 4 0 0 0 7 3 4 Manufacturing 36 38 27 8 6 11 44 44 38 Commerce 24 12 13 3 6 2 27 18 15 Tpt/Stor/Comms 11 8 18
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    • Article
      Lock icon securities trading turnover
      122 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,475 19,475 33,733 33,733 Manufacturing 127,543 30,290 157,833 35,242 3,679 38,920 Commerce 91,337 13,417 104,754 17,310 1,036 18,346 Tpt/Stor/Comms 34,230 789 35,019 38,845 304 39,149 Finance 11,808 5 11,813 112,765 1 112,766 Construction 10,878 9,514
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Dec 26 VALUE CLOSE BT OB/OS -120.00 +79.00 BT CADI -*****.00 -5.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 744.40 +1.22 FTSE ST Small Cap 489.64 +0.38 FTSE ST All Share 802.02 +1.70 FTSE ST China Top 185.95 +0.41 FTSE ST China 221.27 +0.50 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 12 VOL CLOSE($) CHANGE Enviro-Hub 30,374.3 0.06 +0.010 +20.00 LifeBrandz 54,568.0 0.006 +0.001 +20.00 Great Group 220.0 0.040 +0.001 +2.56 Pavillon 288.0 0.085 +0.010 +13.33 L-Jacoberg 238.0 0.033 +0.002 +6.45 Sinostar Pec 347.0 0.080 +0.009 +12.68 SHS 13,909.0 0.235 +0.010 +4.44 NH Ceramics 3,087.0 0.088 +0.004 +4.76 CEFC Intl
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    • Article
      Lock icon COMMODITY FUTURES
      208 13 Dec-24 Price Net change change Last Trade Agricultural Dec-24 CBOT Soybeans (US cents/bu) 1028.75 -9.75 -0.94% 14/01/2015 CBOT Soybean Oil (US cents/lb) 31.93 -0.29 -0.90% 14/01/2015 CBOT Wheat (US cents/bu) 611.50 -24.00 -3.78% 13/03/2014 Dec-24 LIFFE Cocoa (£/tonne) 1989.00 -2.00 -0.10% 16/03/2015 LIFFE Coffee (US$/tonne) 1864.00 -8.00 -0.43%
      208 words
    • Article
      Lock icon PALM OIL
      58 13 Dec 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 15 2205.0 2250.0 2250.0 2202.0 288 4587 Feb 15 2201.0 2252.0 2253.0 2200.0 1685 ***** Mar 15 2201.0 2250.0 2252.0 2200.0 ***** ***** Apr 15 2203.0 2249.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      63 13 Dec 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.15 5-Year N*****0H 1.625 01-Oct-19 99.9 100.00 99.95 10-Year NY*****H 3.000 01-Sep-24 106.11 106.33 106.15 15-Year NY*****E 2.875 01-Jul-29 102.75 102.85 102.80 20-Year NZ*****V 3.375 01-Sep-33 108.34 30-Year NA*****N
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Dec 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0744 1.0746 0.8124 0.8125 Canadian dollar 1.1385 1.1392 0.8613 0.8609 Euro 1.6135 1.6138 1.2200 1.2202 NZ dollar 1.0236 1.0245 0.7740 0.7746 Sterling pound 2.0577 2.0584 1.5559 1.5563
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      205 13 Most active Dec 26 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left SHS Holdings W*****6 4.5 0.2 ***** 1 20 4 5.22 60 Rowsley Ltd W*****3 3.9 0.1 1831 1 18 22 KepCorp MB eCW*****2 12.6 -1 1737 0.2
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    • Article
      Lock icon morgan stanley capital int’l indices
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Dec 25 Index Change Change Change Change Change Change World Preliminary 1287.6 0.0 8.7 0.0 8.9 0.0 3.9 EAFE Preliminary 994.3 -0.1 4.0 -0.1 -2.1 -0.1 -6.6 Europe Preliminary 1392.7 0.0 2.8
      373 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article, Illustration
      Lock icon STI up for the 7th consecutive session
      651 14  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent JUST two months ago when the International Monetary Fund downgraded global growth at the same time China released weak economic numbers, the Straits Times Index (STI) sank to a six-month low of 3,194 before a US
      651 words
    • Business briefing
      • Article
        Lock icon Raffles Education up 11.7% after HK nod for spin-off
        138 14 SHARES in Raffles Education Corp rose 3.5 cents, or 11.7 per cent, to end at S$0.335 on Friday after the private education provider announced in the afternoon that it had received inprinciple approval from the Stock Exchange of Hong Kong (SEHK)
        138 words
      • Article
        Lock icon Dukang decides not to set up Taiwan office
        88 14 LIQUOR maker Dukang Distillers Holdings said that it will not proceed with the setting up of an office in Taiwan. It had previously intended for 9.1 million yuan (S$1.9 million) raised from Taiwan Depositary Receipts to set up a Taiwan office, and
        88 words
      • Article
        Lock icon IPC sells two Japan hotels for 2.69b yen
        96 14 PROPERTY player IPC Corporation said that it will sell its two hotels in Sapporo, Japan to GK Sapporo Holdings Tokumei Kumiai for 2.69 billion yen (about S$29.61 million). The buyer is a wholly owned subsidiary of Ichigo Group Holdings. The two hotels
        96 words
      • Article
        Lock icon Stamford Land sells Dulwich Hill site for A$51m
        52 14 DEVELOPER Stamford Land has sold its freehold Dulwich Hill site in New South Wales, Australia for A$51 million (S$55 million). The 10,132 sq m site was sold to an Australian real estate fund after being acquired for A$23.7 million less than a
        52 words
    • Article
      Lock icon GAINERS
      73 14 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 105.8 0.7 *****/***** DBXT CSI300 US$ 972 80.7 6.7 973/613 DBXT MSTHAI US$ 2089 80.7 3.0 2225/1620 DBXT China50 US$ 3330 59.5 1.4 3367/2577 SPDR DJIA US$ ***** 58.2 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low CN*****MBeCW*****8 22.5 40.6
      73 words
    • Article
      Lock icon LOSERS
      73 14 BY CENTS CLOSE DOWN 52w high/low DBXT Vietam US$ 2551 -72.7 -2.1 3100/2384 DBXT DBLCI-OY US$ 2713 -58.2 -1.6 3545/2713 Lyxor MS India US$ 1585 -43.6 -2.0 1736/1241 Perennial Hldgs 104 -26.0 -20.0 385/103 Hyflux 6% CPS ***** -20.0 -0.2 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low AscendasRMBePW*****5 0.1
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    • Article
      Lock icon MOST ACTIVE
      35 14 VOLUME IHC 102,954,000 LifeBrandz 54,568,000 Magnus Energy 35,785,000 OLS Enterprise 34,201,000 Enviro-Hub 30,374,300 Market volume 805,745,000 VALUE OCBC Bank 51,452,690 DBS Grp 35,004,785 IHC 28,311,975 Keppel Corp 22,585,660 UOB 16,814,160 Market value 390,746,000
      35 words
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      1045 11 A stapled group comprising: OUE HOSPITALITY REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 10 July 2013 under the laws of the Republic of Singapore) OUE HOSPITALITY BUSINESS TRUST (a business trust constituted on 10 July 2013 under the laws of the Republic of Singapore) NOTICE OF
      1,045 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Dalian Wanda buys control of China online payments firm
      384 15 It takes controlling stake in 99Bill Corp in a deal that sources say is worth 2b yuan “This is just the beginning.” Reuters Beijing CHINA’S Dalian Wanda Group Co, whose real estate arm just raised about US$3.7 billion in a Hong
      “This is just the beginning.” Reuters; PHOTO: AFP  -  384 words
    • Article
      Lock icon GM sells Hudson River site for US$39.5m
      563 15 Bloomberg Los Angeles SUNCAL and Diversified Realty Advisors bought the site of a former General Motors (GM) assembly plant on the Hudson River north of New York City to build properties including 1,177 residences and a hotel. SunCal expects to break ground next
      Bloomberg  -  563 words
    • Article
      Lock icon Property company Immofinanz offers Russian tenants temporary FX peg
      301 15 year.Reuters Vienna AUSTRIAN property company Immofinanz has offered tenants in its five Moscow shopping centres a temporary fixed exchange rate for rental payments at a time of sharp volatility in the rouble. It offered a rate of 40 roubles per US
      year.Reuters  -  301 words
    • Article, Illustration
      Lock icon Miami Beach acts to outbuild climate change
      1443 16 City needs more condos so as to pay for project to protect itself against rising sea level insurance.”WP Miami Beach ARGENTINE developer Alan Faena recently listed the most expensive condo in this city’s history at US$55 million. The Mid Beach penthouse features a
      insurance.”WP; PHOTO: BLOOMBERG  -  1,443 words
    • Article
      Lock icon Househunt
      1059 17 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 12 AND NOV 18, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina One Residences Apt 13/11/2014 99 1119 2280 2037 Marina One Residences Apt 13/11/2014
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon China’s bankers get first pay hike since 2008
      538 18 But their salaries and bonuses still lag far behind those paid by Western banks Fang.Reuters Hong Kong CHINESE investment banks have awarded pay rises to their staff for the first time since the 2008 global financial crisis, buoyed by a surge in
      Fang.Reuters  -  538 words
    • Article
      Lock icon Asian bond buyers can dismiss oil plunge
      792 18 Bloomberg Singapore THE lack of oil has turned into a mark of a winner in the developing world’s bond markets. And that’s proven to be a boon for borrowers in Asia. Dollar-denominated notes from the region, a net energy importer, had the biggest
      Bloomberg  -  792 words
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      Lock icon Page 18 Advertisements Column 1
      69 18 HOT PROPERTY STAR BUY! SELETAR Hills Dr FH 2.5sty semi-D, 4200 /6500 sf 5+1 ensuites Designer. PARK FACING SEMI-D!! 3753/ 3200 sf, well reno, easy access to YCK Road. Quiet, Good STARBUY UNITS FR $2.XXM 18 Semi-Ds 100 Terraces Freehold Belgravia Villas Fr $7XX psf. 3520-4026sf 5-bdrm. Pte lift. Facilities.
      69 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Deutsche Bank open to offers for London gold vault: sources
      360 19 Physical precious metals trading arm shut in Nov to cut exposure to commodity markets Reuters London DEUTSCHE Bank is open to offers for its London-based gold vault following the closure of its physical precious metals business, three sources familiar with
      Reuters  -  360 words
    • Article, Illustration
      Lock icon Russia’s grain exports grounded by govt curbs
      513 19 cretely.”Reuters Moscow RUSSIA’S grain exports have stopped due to curbs brought in to protect domestic supply, putting big deals at risk, an influential farm lobby group said on Wednesday. Russia’s main wheat buyers are Turkey, Iran and, very vulnerable to supply disruption, Egypt.
      cretely.”Reuters; month.PHOTO: BLOOMBERG  -  513 words
    • Article
      Lock icon Asian imports of Iran crude in November rise above one million bpd
      378 19 Reuters Tokyo ASIAN imports of Iranian crude climbed above one million barrels per day (bpd) in November, after dropping to a one-year trough below that level in the previous month, as higher seasonal demand during winter boosted purchases.
      Reuters  -  378 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Xbox, PlayStation online link downed by hackers
      632 20 Lizard Squad claims ‘credit’, wants players to retweet its statements shopping season, too.” Bloomberg New York MICROSOFT Corp’s Xbox Live and Sony Corp’s PlayStation Network, the Internet services video gamers use to play online, were hit by connection failures on Christmas Day, with
      shopping season, too.” Bloomberg; time.PHOTO: AFP  -  632 words
    • Article
      Lock icon Samsung struggles to make a dent with Tizen operating system
      667 20 launch.Reuters Seoul GLOBAL smartphone leader Samsung Electronics Co Ltd is planning a new product launch next year based on its own Tizen operating system, the South Korean giant’s strategic push to free itself from Android and blaze its own software
      launch.Reuters  -  667 words
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  • CONSUMER
    • Article
      Lock icon US last-minute holiday sales disappoint
      690 21 Bestsellers during the season include the iPhone 6, toys based on animated movie Frozen and winter clothing number.”Reuters Chicago US consumers have not turned out in force for the final shopping days before Christmas, suggesting that traditional retailers will just meet industry sales forecasts in
      number.”Reuters  -  690 words
    • Article, Illustration
      Lock icon US Postal Service dives deeper into e-commerce territory
      711 21 areas.Reuters Chicago FACING a slump in the mail it had been delivering since the days of America’s Revolutionary War, in 2012, the US Postal Service began aggressively targeting e-commerce and lapsed customers as the way to salvage its declining business. “Really, it
      areas.Reuters; PHOTO: AFP  -  711 words
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  • TRANSPORT
    • Article
      Lock icon Toyota dealers in Jiangsu want lower sales targets
      373 22 Trade body says over 80% of them suffer losses or barely break even Bloomberg Beijing A GROUP representing Toyota Motor Corp dealers in one of China’s richest provinces is demanding that the carmaker increase financial support and cut its sales targets to
      Bloomberg  -  373 words
    • Article, Illustration
      Lock icon Spicejet set to get US$200m boost from founder, JPMorgan
      255 22 Bloomberg New Delhi JPMORGAN Chase Co is partnering with Spicejet Ltd’s co-founder for a US$200 million holding in the distressed Indian carrier, a senior government official said. A private-equity unit of JPMorgan and Ajay Singh, who quit as a director of
      Bloomberg; refiners.BLOOMBERG FILE PHOTO  -  255 words
    • Article
      Lock icon Good things come in small SUVs
      547 22 year.NYT Phoenix, Arizona SUSAN Mahoney has for years owned a string of sport utility vehicles (SUVs) land yachts that gave her plenty of room and a commanding view, along with a big fuel bill. But when her husband died this year, she realised that
      year.NYT  -  547 words
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      Lock icon Page 22 Advertisements Column 1
      232 22 There are more ways to read The Straits Times i 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 (U P. $449). S2C
      232 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Thai economy has barely grown this year
      402 23 Central bank cuts 2014 economic growth projection to 0.8% from 1.5%; reduces 2015 forecast to 4% from 4.8% investment.Reuters Bangkok THAILAND’S central bank said that the country’s economy will barely grow this year and expand less in 2015 than earlier forecast, thanks mainly
      investment.Reuters  -  402 words
    • Article
      Lock icon Saudi Arabia to push ahead with investments despite widening deficit
      485 23 release.Bloomberg Riyadh SAUDI authorities pledged to curb wages and push ahead with investments next year as the world’s largest oil exporter seeks to counter the effect of tumbling crude prices on the economy. The government said that it expects the
      release.Bloomberg  -  485 words
    • Article, Illustration
      Lock icon Russia slams US for The Interview, calling it ‘scandalous’
      355 23 east.AFP Moscow RUSSIA has slammed the United States over a raunchy comedy featuring a fictional plot to kill North Korean dictator Kim Jong-Un, saying that Pyongyang’s anger was understandable. On Christmas Day, The Interview opened in crowded US movie theatres. An
      east.AFP; PHOTO: REUTERS  -  355 words
    • Article
      Lock icon Modi to pressure lawmakers on insurance
      626 24 He’ll use executive order to allow changes to insurance and coal mining sectors Bloomberg New Delhi PRIME Minister Narendra Modi has sought to pressure Indian lawmakers into approving two key economic policy changes a day after a Parliament session ended without a vote on
      Bloomberg  -  626 words
    • Article, Illustration
      Lock icon Najib under fire for golfing in Hawaii as Malaysia faces worst floods in decades
      447 24 said.AFP Kuala Lumpur MALAYSIA’S worst flooding in decades forced some 118,000 people to flee as Prime Minister Najib Razak came under fire after photos showed him golfing with US President Barack Obama during the storms. At
      said.AFP; communities.PHOTO: AFP  -  447 words
    • Article, Illustration
      Lock icon Russian finance minister warns of severe recession next year
      605 25 Sanctions deter foreign investment; slide in oil prices hits export revenues flexibility” in the country. Reuters Moscow SLUMPING oil prices have put Russia’s economy on course for a sharp recession next year, its finance minister said on Friday, as authorities scaled
      flexibility” in the country. Reuters  -  605 words
    • Article, Illustration
      Lock icon Xi praises Leung for not giving in to protesters
      425 25 tent.AFP Beijing CHINA’S president on Friday heaped praise on Hong Kong’s embattled leader Leung Chun-ying as they met in Beijing, commending him for maintaining “stability” in 2014, a year marked by massive pro-democracy protests. Beijing refused to give concessions to demonstrators
      tent.AFP; regard.PHOTO: REUTERS  -  425 words
    • Article
      Lock icon Suu Kyi calls on West for reforms, not sanctions
      220 25 Reuters London MYANMAR’S opposition leader Aung San Suu Kyi on Friday called on the West to encourage her country’s government to enter meaningful reform talks but told it not to reintroduce punitive sanctions even though democratic reforms were foundering. Ms Suu
      Reuters  -  220 words
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      45 24 Chongqing investing 560m yuan in robotics, now a key industry for the city industry for the city To subscribe, call 6388-3838 or go to sphsubscription.com.sg Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988
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  • OPINION
    • Article, Illustration
      Lock icon Business just can’t do without government
      1016 26 / 27  -  Governments provide security, justice, property rights, and contract enforcement, all of which are essential to a market economy. By Ricardo Hausmann By Ricardo Hausmann ~The writer is director of the Center for International Development and a professor at the John F Kennedy School of
      fit from more competition. Project Syndicate; PHOTO: REUTERS  -  1,016 words
    • Article, Illustration
      Lock icon Happiness isn’t enough to replace GDP
      631 26 / 27  -  Subjective well-being is not a reliable indicator of true, objective well-being By Annie Austin ~The writer is a doctoral researcher at the Cathie Marsh Institute for Social Research at University of Manchester both.The Conversation THE idea that data on happiness and well-being can be
      both.The Conversation; welcomed.PHOTO: BLOOMBERG  -  631 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Subprime is no longer a dirty word
        890 28 / 29  -  Subprime-mortgage debt delivers some of the bond market’s best returns, gaining 12% this year or six times more than junk-rated corporate debt. By Jody Shenn By Jody Shenn AG.Bloomberg Remember when nobody wanted to touch US sub-prime-mortgage debt? That is just a distant
        AG.Bloomberg; subsides.PHOTO: BLOOMBERG  -  890 words
      • Article
        Lock icon Mexican firms set to gain from Cuba saga
        854 28 / 29 America Movil, Cemex, Coca-Cola Femsa up at least 5% since the US move to restore ties beach?”Bloomberg Mexico City US CRUISE lines and hoteliers aren’t the only potential beneficiaries from a thaw in relations with Cuba. Onboard sodas and materials to build
        beach?”Bloomberg  -  854 words
      • Article, Illustration
        Lock icon Isetan to close Wisma Atria store
        263 28 / 29  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore DEPARTMENT store owner Isetan (Singapore) says that it will likely close its retailing operations at Isetan Orchard in Wisma Atria from the second quarter of 2015. It will, however, continue to lease space to retail and food and
        PHOTO: ARTHUR LEE  -  263 words
      • Article
        Lock icon Fujian Zhenyun suspended from trading
        272 28 / 29  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore INDEPENDENT directors (IDs) of Chinese pipe maker Fujian Zhenyun Plastics Industry have requested that the stock be suspended from trading. This is because of uncertainties surrounding the current state of affairs of the company, said lead ID Lim Cheng
        272 words
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        Lock icon Rupiah slide exposes equity losers among winners
        893 30 Companies that import raw materials and have local sales will be hurt, say analysts Bloomberg Jakarta INDONESIAN companies with high levels of dollar debt and importers of raw materials are most vulnerable after the rupiah plunged to a 16-year low, while some exporters
        Bloomberg; PHOTO: REUTERS  -  893 words
      • Article
        Lock icon SEC unit flags problematic investor products, practices
        371 30 Its list includes private placements, variable annuities, non-traded Reits and binary options Reuters Washington THE US securities investor watchdog office has unveiled its list of the top products and practices that bedevilled mom and pop investors in 2014. In an annual report on
        Reuters  -  371 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Ghosts in UK at Christmas, but not in US
      815 31 Because of cultural and religious differences, Halloween is the time for scary tales in America future.WP Belfast, Northern Ireland A FEW years ago, the Downton Abbey Christmas special featured a ouija board that communicated a message from a dead character. American
      future.WP; PHOTO: : AMERICAN DRAMA GROUP  -  815 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      321 31 CRYPTIC CROSSWORD Across 1 I hand Pimms out, one in schooner perhaps (10) 6 Hunk’s small short dog (4) 9 English novelist he sends a message (7) 10 Deep Purple get a man rocking (7) 12 Business is booming at first having experienced shock (13) 14 Sea monster covered up
      321 words
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      121 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1892 AUDEMARS PIGUET BECAME THE FIRST WATCHMAKER TO PRESENT A STRIKING MINUTE REPEATER IN A WRISTWATCH. THE 2014 MILLENARY MINUTE REPEATER IS THE LATEST EXPRESSION OF THIS PIONEERING SPIRIT. THE EXPOSED CALIBRE OF THE MILLENARY SERIES ALLOWS THE FINE DECORATION
      121 words
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      60 1 LivingBTTHE BUSINESS TIMES WEEKEND DEC 27-28, 2014 DINING New Korean restaurants L4-5 DINING /PERSONAL SPACE Wider audience for tea culture L6-7 DESIGNS ON 2015 Retrospective of ’14 and what will be trending next year L2-3 STYLE Serpentine allure L8-9 PHOTO: J CHIELENS HEALTH Life-saving heart implants L13 MOTORING BMW and
      60 words
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  • BT Living
    • DESIGN
      • Article, Illustration
        Lock icon DESIGNS ON 2015
        1339 2 / 3  -  The design scene got a boost this year from a growing Makers’ movement to the opening of the National Design Centre as well as the launches of edgy new design stores. Experts weigh in on 2014 and tell us what to expect next year. By Tay Suan
        focus.FILE PHOTOS; bang.FILE PHOTO; FILE PHOTOS  -  1,339 words
    • DINING
      • Article, Illustration
        Lock icon Beyond kimchi
        1348 4 / 5  -  Jumping on the K-Wave bandwagon, some restaurants are serving up creative innovations with traditional Korean tastes. By Rachel Loi By Rachel Loi rachloi@sph.com.sg @RachelLoiBT Korean ramen Guksu Homemade Noodle House 3 Temasek Boulevard #02-38 Z 6334 7950 11am to 10.30pm daily IN the last few years, Japanese ramen
        PHOTOS: GUKSU HANDMADE NOODLE HOUSE; PHOTOS: SYNC KOREAN FUSION BISTRO; PHOTOS: JOO BAR  -  1,348 words
    • dining/personal space
      • Article, Illustration
        Lock icon Brewing up tea culture
        1486 6 / 7  -  Tea Bone Zen Mind’s Carrie Chen, the go-to person for old and rare Chinese, Japanese and English teas, has taken over two three-storey shophouses in Emerald Hill to bring the art of tea appreciation to a wider audience. By Jaime Ee l By l Jaime Ee
        PHOTOS: JOSEPH NAIR  -  1,486 words
    • STYLE
    • TRAVEL
      • Article, Illustration
        Lock icon Walk on the wild side
        1751 10 / 11  -  Only in Tanzania will you see zebra crossings, literally, and leopards looking down on you, again literally, from a tamarind tree. Luxury Tanzanian safaris open travellers up to one of the largest wildlife populations in the world. By Anna Chittenden EAST Africa a stretch of
        1,751 words
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        Lock icon Daily SIA flights to Johannesburg
        123 12 SINGAPORE Airlines flies daily to Johannesburg (www.singaporeair.com). Lightfoot Travel is a Singapore-based luxury tour operator specialising in tailor-made holidays, honeymoons and short breaks (www.lightfoottravel.com). Designed for the modern business traveller in mind, the Maslow Hotel (right) is located in the heart of Sandton’s financial district
        123 words
    • health
      • Article, Illustration
        Lock icon Guidelines and affordability
        1337 13  -  Cardiologists around the world grapple with providing implantable devices for heart patients that are affordable Michael Lim ~Dr Lim is the medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia, a journal of the British Medical Journal Publishing Group; he chairs
        PHOTO: FREEIMAGES  -  1,337 words
    • MOTORING
      • Article, Illustration
        Lock icon High-performance hybrid
        686 14  -  The petro l e l ectric BMW i 8 has sports car sty l i ng and performance. l l l By l l l Samuel Ee samuelee@sph.com.sg IT IS hardly imaginable at first sight but the low-slung i8 sports car and the 218i Active Tourer minivan at
        686 words
      • Article, Illustration
        Lock icon LEXUS DESIGN NEXUS
        611 15  -  The NX300h is Lexus’s first compact crossover and marks the Japanese luxury carmaker’s future design direction. By Samuel By Samuel Ee samuelee@sph.com.sg AS THE brand which pioneered the petrol-electric hybrid, it is an understatement to say Lexus knows a thing or two about the technology. Unlike some
        611 words
    • GOLF
      • Article, Illustration
        Lock icon Han debuts Viet golf course
        1182 16  -  The landscape has a very European feel to it, and what sets it apart is the use of bentgrass. By Justine Moss By Justine Moss IT’S not a given but many professional golfers tend to move into golf course design either after hanging up their
        1,182 words
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      816 4 / 5 wine&dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 Merrificent New Year Eve Countdown As the year winds down, it is time to relax and unwind with a good company and have some drinks at Atrium Lounge. Be dazzled by a large champagne cocktail created especially
      816 words
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