The Business Times, 29 December 2014

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Microfilm: NL33313
Total Pages: 23
1 24 The Business Times
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  • Title Section
    Lock icon Masthead
    28 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg O DoBlBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Monday, December 29
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  • Article, Illustration
    Lock icon DAILY DIGEST
    226 1 Dubai Investments PJSC plans 10 billion dirhams (S$3.6 billion) of real estate projects in the next five years as it seeks to benefit from resurgent property demand. REAL ESTATE 11 Mizuho Financial Group Inc, set to become the biggest underwriter of Japanese corporate bonds in 2014, is cautious
    226 words
  • Article
    Lock icon MARKETS
    25 1 Weekly Change STI 3,353.68 +74.15 KL COMP 1,764.44 +48.45 NIKKEI 225 17,818.96 +197.56 HANG SENG 23,349.34 +232.71 SHENZHEN B 1,009.25 -2.34 DOW 18,053.71 +248.91
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  • Article, Illustration
    Lock icon Soft market ahead for most developers
    920 1  -  But high-spec buildings, business parks that support high-end manufacturing will do fine OUTLOOK 2015: INDUSTRIAL PROPERTY By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A WEAKER manufacturing outlook and continued targeted measures by JTC Corporation to boost supply and cool speculation are likely to keep Singapore’s
    Source: JTC  -  920 words
  • Article, Illustration
    Lock icon Multi-nation search yields no results so far
    581 1 MISSING AIRASIA PLANE BLOOMBERG Singapore A MULTI-NATION search to find a missing AirAsia Bhd plane with 155 passengers and seven crew on board yielded no results at the end of Day One on Sunday. There were 138 adults, 16 children and one infant
    BLOOMBERG; PHOTO: REUTERS  -  581 words
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      88 1 *****4 WALL STREET INSIGHT MITZO Still an old-fashioned Chinese restaurant at heart OUTLOOK 2015 Malaysia: More of the same dismal politicking ahead TOP STORIES 2 Insurance: Continued smooth sailing a safe bet for now TOP STORIES 4 Commodities: Will gold keep its shine? COMPANIES MARKETS 9 Energy sector aside, 2014
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  • TOP STORIES
    • Article, Illustration
      Lock icon More of the same enervating and dismal politicking up ahead
      1121 2  -  Analysts, however, hope more moderate-Malays will speak up to quell discordant voices OUTLOOK 2015: MALAYSIA By Pauline Ng btworld@sph.com.sg Kuala Lumpur IT would be apt to describe this year as annus horribilis for Malaysia, with three tragedies involving Malaysia Airlines’
      PHOTO: REUTERS  -  1,121 words
    • Article
      Lock icon Energy sector aside, 2014 expected to end on strong note for stock market
      922 2  -  WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg LAST week, the “Santa Claus” rally that carried major US stock indexes to records continued, but gains were unevenly distributed as traders adjusted their positions. Nations and industries that were
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    • Article, Illustration
      Lock icon AirAsia faces biggest crisis as jet goes missing
      692 2 MISSING AIRASIA FLIGHT REUTERS BLOOMBERG Singapore AIRASIA was built up from two planes in 2001 to an airline industry titan that operates more than 180 jets in just over a decade but now faces its biggest ever challenge. A dream run for
      REUTERS; BLOOMBERG; PHOTO: REUTERS; Source: Reuters  -  692 words
    • Article, Illustration
      Lock icon Continued smooth sailing a safe bet for now
      1348 4  -  But a perfect storm of tougher rules seen brewing in the following years OUTLOOK 2015:INSURANCE INDUSTRY By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE insurers have had a rather smooth sailing and profitable year and this promising outlook is expected to continue into
      ST FILE PHOTO  -  1,348 words
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  • Page 4 Advertisements
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      155 4 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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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Riding on Asia’s aviation aftermarket
      1051 5  -  Pratt Whitney looks to fleet management programmes to power growth. BY NISHA RAMCHANDANI TTTOPLINE growth.BY NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT Engine-maker Pratt Whitney is banking on a growing demand from airlines for long-term fleet management services to fuel its growth, especially with its new PurePower engine
      1,051 words
    • Article, Illustration
      Lock icon Safeguarding businesses from digital threats
      795 5  -  By Yeoh Oon Jin T The writer is the second vice-chairman of the Singapore institute of Directors. T For more articles, go to btd.sg/BMatters THE rise of the digital age has not only opened up opportunities for businesses, it also has with the aid of
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    • Article
      Lock icon DB Platinum
      9 5 Croci Branchen Stars R1C-A 18/12/2014 226,95 EUR
      9 words
    • Article
      Lock icon Directors’ buying down in holiday shortened week
      2333 6  -  But selling recovers with 12 companies recording 14 purchases worth S$3.1 million versus two firms with two disposals worth S$9.4 million INSIDE MARKETS By Robert Halili T The writer is managing director, Asia Insider Ltd THE buying fell while the selling among directors
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    • Article, Illustration
      Lock icon STI / Catalist
      64 7 STI Catalist WEEKLY Straits Times Index Dec 26,2014 3,353.68 +74.15 (+2.26%) Current streak 7 days Week high 3,353.68 Week low 3,330.96 52-week high 3,353.68 (Dec 26, 2014) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist index Dec 26,2014 741.92 +1.39 (+0.19%) Current streak 1 day Week high 745.57 Week
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    • Article, Illustration
      Lock icon Good chance for window-dressing push on STI
      677 7  -  STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT IN THE near term (that is, this week) the main issue will be whether the Straits Times Index will enjoy a window-dressing push in the few days that remain of 2014. The index has now risen for
      677 words
    • Article
      Lock icon GAINERS
      78 7 BY CENTS CLOSE UP 52w high/low IS S&P500 US$ ***** 591.2 2.2 *****/***** DBXT China50 US$ 3330 231.4 5.5 3367/2577 DBXT ASX200 US$ 3689 210.3 4.5 4403/3530 JMH USD 6019 157.4 2.0 6460/4934 SPDR DJIA US$ ***** 148.1 0.6 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Hai Leck W*****3
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    • Article
      Lock icon LOSERS
      77 7 BY CENTS CLOSE DOWN 52w high/low DBXT DBCBLEB US$ 1468 -130.9 -6.3 2110/1468 GLD US$ ***** -125.6 -0.8 *****/***** DBXT E50 US$ 4839 -92.6 -1.4 5630/4637 Lyxor AsiaRE US$ 939 -45.0 -3.5 1008/839 Lyxor MS Idia US$ 1585 -39.7 -1.9 1736/1241 BY PERCENTAGE CLOSE DOWN 52w high/low AscendasRMBePW*****5 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 7 VOL CLOSE($) CHANGE Enviro-Hub 30,374.333 0.060 +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, Illustration
      Lock icon STI / FTSE ST All-Share
      36 7 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Dec 26,2014 802.02 +16.31 (+2.08%) Current streak 2 days Week high 802.02 Week low 796.96 52-week high 816.11 (July 25, 2014) 52-week low 733.83 (Feb 7, 2014)
      36 words
    • Article
      Lock icon Sheng Siong in deal to run China supermarkets
      200 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE-LISTED Sheng Siong Group has executed a conditional joint-venture agreement with Kunming LuChen Group Co to operate supermarkets in China. In an announcement on Saturday, Sheng Siong said that the agreement was made with both the
      200 words
    • Article
      Lock icon OUE Lippo to buy 22.97% stake in Gemdale for HK$1.5b
      380 7  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore OUE Lippo, a subsidiary of main-board-listed real estate owner, developer and operator OUE Limited, has entered into a conditional subscription agreement to subscribe for 2.9 billion new ordinary shares in Hong Kong-listed Gemdale Properties
      380 words
    • Article
      Lock icon STI STOCKS
      305 7 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 +9 243/234 250 206 5.9 6143.9 CapitaLand 327 +10 328/317 348 268 16.4 2.4 *****.6 CapitaMall Trust 203 +3 203/200 209 180 5.1 7040.6 CityDev 1017 +8 1035/1005 1118 860 13.8
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    • Article
      Lock icon MOST ACTIVE
      37 7 VOLUME Memstar Tech 703,360,000 IHC 262,947,000 OLS Enterprise 104,436,000 Magnus Energy 102,823,000 SIIC Environment 98,545,000 Market volume 4,287,159,000 VALUE UOB 204,509,890 DBS Grp 189,275,363 OCBC Bank 169,686,340 SingTel 145,163,527 Keppel Corp 142,370,280 Market value 2,583,695,000
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    • Article
      Lock icon SGX ETFs
      114 7 Most Active Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap STI ETF 339 +7 654 341/333 343/298 339/340 IS MS India US$ US715 -14 652 736/715 790/541 715/718 89.4 UETF SSE50China 213 +6 630 213/205 217/140 212/214 66.6 Nikko AM STI ETF 344 cd +7 219
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    • Article
      Lock icon COMPANY MEETINGS
      105 7 COMPANY MEETING PLACE DATE TIME Eastgate Tech A RELC Intl Hotel Room 507 (Lvl 5) 30 Orange Grove Rd (off Orchard Rd) 29-Dec 10.00am ISR Capital E 20 Martin Road #10-01 Seng Kee Bldg 29-Dec 11.00am Miyoshi Precision A Albizia Room (Level 2) Jur Country Club 29-Dec 4.00pm
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 7 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, Illustration
      Lock icon STI / MSCI EAFE
      34 7 STI MSCI EAFE WEEKLY MSCI EAFE index Dec 26,2014 1,789.92 +7.88 (+0.44%) Current streak 1 day Week high 1,790.61 Week low 1,784.58 52-week high 1,993.20 (July 4, 2014) 52-week low 1,737.51 (Oct 17, 2014)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 7 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 2 0 0 0 0 14 2 0 Manufacturing 78 40 32 13 13 9 91 53 41 Commerce 32 16 21 5 9 5 37 25 26 Tpt/Stor/Comms 27 9 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 7 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 59,176 59,176 220,726 220,726 Manufacturing 1,176,245 164,703 1,340,948 248,334 12,882 261,216 Commerce 240,759 92,655 333,414 157,937 6,283 164,220 Tpt/Stor/Comms 288,880 1,740 290,620 360,374 668 361,042 Finance 55,947 165 56,112 618,206 36 618,242 Construction 80,517 30,419
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    • Article
      Lock icon Euro’s prospects against trading partners unclear
      431 8 CURRENCIES London WHILE investors are betting that the euro will fall against the US dollar next year, hopes that the European economy will therefore get a boost could be premature: it may not depreciate at all against currencies of other major trading partners. As
      431 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 8 Dec 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.943 5.043 0.666 6.304 51.721 101.292 0.977 8.926 2.834 1.049 81.846 36.284 1.075 9.454 0.800 25.789 26.746 0.522 0.812 Canada 1.060 5.345
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      • Article, Illustration
        Lock icon HANG SENG
        3 8 WEEKLY
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 8 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 US$/S$ FORWARD RATES
        22 8 Dec 26 S$ Bid Offer 1-month 1.3229 1.3232 2-months 1.3240 1.3247 3-months 1.3236 1.3240 6-months 1.3243 1.3247 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        2 8 WEEKLY
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        3 8 COMPOSITEWEEKLY
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      • Article, Illustration
        Lock icon DOW JONES
        3 8 WEEKLY
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 8 Dec 26 $S Offer Bid 0vernight 0.20 0.10 1-month 0.3750 0.2500 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.10 US$ Offer Bid 7 days 0.17 0.07 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 8 Dec 26 (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
        63 8 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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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        348 8 Dec 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.91 *****.73 *****.01 Mar15 *****.00 *****.00 *****.00 *****.00 ***** *****5 Jun15 *****.00 0 3181 MSCI TAIWAN INDEX FUTURES SPOT 338.37 339.90 337.54 Dec14 338.60 340.00 338.10 339.80 ***** ***** Jan15 339.10 340.50 338.70 340.20
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        210 8 Most active Dec 26 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left SHS Holdings W*****6 4.5 1 ***** 1 20 4 5.22 60 KepCorp MB ePW*****3 11.3 -1.3 ***** 0.2 820 6 DBS MB eCW*****2 13.1 1.6 *****
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 8 In local curr In S$ In US$ dy yr dy yr dy yr Dec 26 Index Change Change Change Change Change Change World Preliminary 1291.2 0.3 9.0 0.4 9.3 0.3 4.2 EAFE Preliminary 995.0 0.1 4.1 0.1 -2.0 0.0 -6.6 Europe Preliminary 1392.7 0.0 2.8
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        209 8 Dec-26 Price Net change change Last Trade Agricultural Dec-26 CBOT Soybeans (US cents/bu) 1047.50 18.75 1.82% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.46 0.53 1.66% 14/01/2015 CBOT Wheat (US cents/bu) 610.75 -0.75 -0.12% 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%
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      • Article
        Lock icon PALM OIL
        57 8 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, Illustration
      Lock icon Will gold keep its shine in 2015?
      1040 9  -  The yellow metal looks to end roughly where it started in 2014, but analysts are divided on its direction next year OUTLOOK 2015: COMMODITIES By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore AS gold looks set to end roughly where it started in 2014 after
      PHOTO: REUTERS; Source: Bloomberg  -  1,040 words
    • Article
      Lock icon PRIME LENDING RATES
      267 9 Dec 26 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 ANZ Singapore Bank of Communications 5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bank of Tokyo-Mitsubishi Bank of Communications Banque Internationale a Bank of East Asia
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    • Article
      Lock icon DIVIDENDS ANNOUNCED
      588 9 Payment Ex Rec Pay Ann (cts) date date date date ABF S'pore Bd Index ag 3.050 02-Jan 06-Jan 15-Jan 16-Dec AIMS Property (1 Sep-31 Dec 2014) ag 0.132 29-Dec 31-Dec 13-Mar 22-Dec Boustead S'pore ay 2.000 08-Dec 10-Dec 27-Jan 28-Nov CNMC Goldmine Hldgs aw 0.150 26-Dec 30-Dec 20-Jan
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    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1581 9 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.50 2.00 2 10.85 13.13 1.55 1.43 ARA Asset Management Limited 2.00 2.00 4 10.45 16.03 1.97 1.68 Ascendas Hospitality Trust Mgt
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  • Page 5 Advertisements
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      278 5 acd ones Supply Chain Training Centre Professional Qualifications in Procurement Supply Awarded by The Chartered Institute of Purchasing and Supply. U.K. i m T J-U EMPOWER YOUR LEARNING Cl PS Diploma in Procurement Supply The CIPS Diploma in Procurement and Supply is a recognized professional qualification in purchasing and supply.
      278 words
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      1533 6 The Business Times NOTICES Toll free 1800-289-8822 Email noticesfSsph.com.sg www.sphclass.com.sg/notices In The Matter Of The Companies Act, Cap. 50 And In the Matter of SOLAR-FABRIK SERVICES PTE. LTD. (Co. Reg. No. *****7623Z) (In Creditors’ Voluntary Liquidation) Extract of the minutes at the Creditors’ Meeting of the company convened and held
      1,533 words
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  • Page 7 Advertisements
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      28 7 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
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  • BT-CITIBANK YOUNG INVESTORS’ FORUM
    • Article, Illustration
      Lock icon THE FORUM IN REVIEW
      1321 10  -  Another year has passed and a new one is starting, each an opportunity to save, invest, and do good things with your money. We round up the topics discussed this year in the Business Times-Citibank Young Investors Forum, for the benefit of readers who might have
      PHOTO: ARTHUR LEE  -  1,321 words
    • Article, Illustration
      Lock icon Why invest? And how do you do it?
      1409 10  -  Aim for a sustainable stream of income from a diversified portfolio MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT THE unexamined life is not worth living, Socrates famously declared before he was sentenced to death. These words, recounted by his student Plato, were
      FILE PHOTO  -  1,409 words
  • Page 10 Advertisements
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      113 10 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      113 words
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  • REAL ESTATE
    • Article
      Lock icon HK new home sales seen to reach record proceeds this year
      314 11 BLOOMBERG Hong Kong HONG KONG’S new home sales are expected to bring record proceeds this year as property developers actively sell new residential projects to raise cash for land. Full-year new private residential sales in the city are estimated
      BLOOMBERG  -  314 words
    • Article
      Lock icon Race to build on Columbia River could block Pacific oil route
      902 11 NYT Vancouver, Washington ENVIRONMENTAL passions, which run hot in the US northwest over everything from salmon to recycling, generally get couched in the negative: Don’t fish too much, don’t put those chemicals up the smokestack, don’t build in that
      NYT  -  902 words
    • Article, Illustration
      Lock icon Dubai Investments plans 10b dirhams of property projects as market recovers
      476 11 A market recovery in the emirate is fuelling a tranche of real estate projects BLOOMBERG Dubai DUBAI Investments PJSC plans 10 billion dirhams (S$3.6 billion) of real estate projects in the next five years as it seeks to benefit
      BLOOMBERG; PHOTO: BLOOMBERG  -  476 words
    • Article, Illustration
      Lock icon Academic joins DTZ as head of Singapore research
      540 11  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT DTZ has appointed Lee Nai Jia as associate director and head of Singapore research. Dr Lee, who holds a PhD in urban and regional planning from the Massachusetts Institute of Technology, joined the firm on Dec 18.
      PHOTO: DTZ  -  540 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      265 11 The Business Times Ik Toll free 1800-289-8822 I I I B Email noticesiSsph.com.sg I J I I i j www.sphclass.com.sg/notices INDUSTRIAL GOVERNMENT LAND SALES: LAND PARCEL AT TUAS TUAS SOUTH street PLOT 53 IDAS SOUTH SIREET Site Information Tuas Location Tuas South Street 7 (Plot 53) Land Area 5,038.6 sqm
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      167 11 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PETNET SOLUTIONS PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6525M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
      167 words
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      131 11 UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Estate of Ng Sang Hing *****86-7 100 ©NgSoonHing, *****67-4 10 Deceased
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  • CHILDAID 2014
    • Article, Illustration
      Lock icon Nurturing talent – 10 years and counting
      824 12 / 13  - Nurturing talent 10 years and counting By Helmi Yusof helmi@sph.com.sg @HelmiBT CHILDAID 2104 was a milestone in so many ways. Firstly, it marked 10 years of efforts by The Business Times and The Straits Times to raise money for two children’s charities through the annual concert. The concert, which showcases
      PHOTOS: JOSEPH NAIR  -  824 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon Mizuho cautious about corporate bond outlook
      741 14 Yields approaching zero per cent seen putting off investors BLOOMBERG Tokyo MIZUHO Financial Group Inc, set to become the biggest underwriter of Japanese corporate bonds in 2014, is cautious about the outlook for next year as yields approaching zero per cent put off investors.
      BLOOMBERG; PHOTO: BLOOMBERG  -  741 words
    • Article
      Lock icon PBOC widens deposit base for China banks
      313 14 REUTERS Beijing THE People’s Bank of China (PBOC) will change rules governing how loan-to-deposit ratios are calculated at banks starting from next year, according to a copy of a central bank document seen by Reuters, in a move that will boost liquidity conditions.
      REUTERS  -  313 words
    • Article
      Lock icon Regulators find it difficult to make clearing houses stronger: bankers
      1087 14 International panel crafting standardised “stress tests” for clearing houses REUTERS New York IN December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won (S$55 million) in a day after a stock option trading algorithm went
      REUTERS  -  1,087 words
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      474 14 THE BUSINESS TIMES Ik 1 f 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SILKROAD TECHNOLOGY SERVICES PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****5525D) NOTICE OF
      474 words
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      454 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SILKROAD HUMAN CAPITAL TECHNOLOGIES PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****7087W) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above Company on
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      450 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ROCKET INTERNET PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****3174D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of ROCKET INTERNET PTE. LTD. deemed to have been duly convened and held
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      406 14 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF METAL ONE STAINLESS (ASIA) PTE. LTD. REG. NO. *****7395M (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 26 December 2014, the following Resolutions were
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      364 14 IN THE MATTER OF COMPANIES ACT, CAP.50 AND IN THE MATTER OF CONSULT ASIA PTE LTD COMPANIES WINDING UP NO. 139 OF 2010 Take notice that a meeting of creditors in the above matter will be held at the offices of FTI Consulting, 8 Shenton Way, #12-02 AXA Tower *****1,
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Goldman’s bearish call on grains echoed by investors in ETFs
      656 15 This is despite the biggest grain rally in four years amid rising demand for US crops, Russian supply worry BLOOMBERG Chicago THE biggest grain rally in four years wasn’t enough to lure investors back to agriculture, as banks including Goldman
      BLOOMBERG; PHOTO: REUTERS  -  656 words
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      Lock icon US oil states brace for fallout from crude’s price bust
      1259 15 NYT Houston US STATES dependent on oil and gas revenue are bracing for layoffs, slashing agency budgets and growing increasingly anxious about the ripple effect that falling oil prices may have on their local economies. The concerns are cutting across
      NYT; PHOTO: BLOOMBERG  -  1,259 words
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      Lock icon MF Global settles suit over 2011 losses
      268 15 BLOOMBERG New York MF GLOBAL Holdings Ltd settled a US government lawsuit, agreeing to pay US$1.2 billion in restitution and a US$100 million fine for customer losses tied to the company’s 2011 collapse. The US Commodity Futures Trading Commission (CFTC) sued MF Global
      BLOOMBERG  -  268 words
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      1104 15 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HILLVIEW REGENCY PTE LTD (CO REG NO. *****3742C) (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of HILLVIEW REGENCY PTE LTD, duly convened and held on 26 December 2014
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  • TECHNOLOGY
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      Lock icon MBA programmes strive to adapt to Digital Age
      1055 16 Across the US, colleges are adding new courses in statistics, data science and A/B testing, which often involves testing web page designs to see which attracts more traffic NYT New York GREG Pass, the former chief technology officer of Twitter, put the
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      Lock icon YouTube goes beyond cat videos with The Interview screening
      908 16 BLOOMBERG San Francisco GOOGLE Inc’s agreement to show Sony Corp’s The Interview gave its YouTube video-streaming website a chance to show that it is more than just a destination for amusing cat videos. The controversial movie, available on Christmas Day on
      BLOOMBERG; PHOTO: AFP  -  908 words
    • Article
      Lock icon Atari nearly introduced the world to fitness gaming 30 years ago
      694 16 WP Washington BEFORE the existence of Wii Fit, before the Nintendo Power Pad or Dance Dance Revolution, there was the Puffer. Or rather, there was almost the Puffer. The Puffer an exercise bike that lets you control the movement
      WP  -  694 words
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      Lock icon Sony restores PS4 service on PlayStation Network
      574 17 BLOOMBERG New York SONY Corp has restored service for the PS4 game console on its PlayStation Network, according to a company statement on its website on Sunday in Tokyo. The recovery came three days after Sony’s online gaming operation and Microsoft Corp’s Xbox
      BLOOMBERG  -  574 words
    • Article
      Lock icon Commercial software used in suspected state-backed hacking
      397 17 REUTERS San Francisco A PREVIOUSLY undisclosed hacking campaign against military targets in Israel and Europe is probably backed by a country that misused security-testing software to cover its tracks and enhance its capability, researchers said. The attack program relied on software usually sold
      REUTERS  -  397 words
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      Lock icon Uber broke Indian financial rules: central bank chief
      517 17 Rajan says US taxi-hailing firm is using an overseas payment system AFP New Delhi INDIA’S central bank chief has lashed out at Uber, already under fire over the alleged rape of a passenger, saying the US taxi-hail-ing firm violated the country’s financial
      AFP; PHOTO: AFP  -  517 words
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      278 16 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NATURAL SOURCES PTE. LTD. Company No. *****1558E (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the
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      167 17 D I N E THE NEW L U X U RY BTLuxe Christmas 2014. In print and on your iPad. Heston Blumenthal goes bionic Noma’s Rene Redzepi takes Tokyo Shigeru Ban Paper hero Tetsuya Wakuda’s Kyoto tour Luxury’s new guard the names you need to know Digital exclusives only in
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  • CONSUMER
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      Lock icon Writers up in arms over Amazon’s Kindle Unlimited
      1108 18 They say the new subscription service’s all-you-can-eat business model offers them smaller rewards NYT New York AUTHORS are upset with Amazon. Again. For much of the past year, mainstream novelists were furious that Amazon was discouraging the sale of some titles in
      NYT; PHOTO: AFP  -  1,108 words
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      Lock icon Ringing in the New Year in London will now come at a cost
      578 18 XINHUA London NEW Year’s Eve revellers are paying dearly to hear the chimes of London’s world famous Big Ben ring in the arrival of 2015. For the first time, London Mayor Boris Johnson has imposed a £10
      XINHUA; BLOOMBERG FILE PHOTO  -  578 words
    • Article
      Lock icon So many different cellphone plans, so many confused customers
      773 18 NYT San Francisco ONE wireless phone plan allows customers to upgrade to a new phone in less than two years. Another allows a pool of data to be shared across multiple devices. Yet another offers unlimited data, but only at slower
      NYT  -  773 words
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      81 18 Any 12 months plan Sign up Renewal FREE Talk Money Book (worth S$23 inclusive of delivery) Loyalty Discount Valid Till 31 Dec 2014. T&Cs apply. Go for More Talk Money book only $15!* *Special price and free delivery are limited to sign-ups or renewals only. Presented to you by FIND
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      71 18 ASIA’S LARGEST 1 Educational Kids’ Fair Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEE? TARGETEP CROW?! Join us at smartKiPs Asia 2015! *1^ Call us to enquire how we can help you
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  • TRANSPORT
    • Article, Illustration
      Lock icon Cuban port poised to reap from trade as US eases embargo, normalises relations
      1063 19 Mariel used to be symbol of despair; now its new port is an emblem of potential WP Mariel, Cuba THE last time that Elda Fernandez Acosta saw US ships come into the harbour at Mariel was to
      WP; PHOTO: BLOOMBERG  -  1,063 words
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      Lock icon Panama Canal receives claims for US$737m
      440 19 AFP Panama City THE consortium expanding the Panama Canal is making fresh claims for cost overruns totalling US$737 million, officials said. Canal administrator Jorge Quijano told reporters that the Panama Canal Authority had received two claims that “will be evaluated” to determine if there
      AFP  -  440 words
    • Article
      Lock icon UK starts gritting roads as first snow cover hits
      237 19 XINHUA London AS the first snow cover of winter hit large areas of England and Wales, an army of gritting trucks started the task of spreading up to two million tonnes of salt on more than 128,750 km of roadways. Weather
      XINHUA  -  237 words
    • Article
      Lock icon Russian airlines face headwinds as rouble falls
      766 19 The airlines have expenses in foreign currencies while many Russians have stopped travelling by plane AFP Moscow THEIR international competitors may be cheering tumbling oil prices, but the collapse in the rouble has meant major financial turbulence for Russian airlines which have expenses
      AFP  -  766 words
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      56 19 Ray Barros ProfessionalTrader LearnWhat Professional Traders Know But that Retail Traders Don’t Know About Stock Market Strategy Vito Henjoto Director,Zenifix Identifying and Classifying Divergence in the market EVENT HIGHLIGHTS: Keynote Presentations by Popular Investment Speakers Meet the Bloggers session Financial Health Check And more... VISITWWW.INVESTCARNIVAL.COM TO REGISTER NOW! Organiser Official
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      24 19 www.omy.sg OJB mis msms ##us wsm 3Difi¥ mm-h tT£lt 2014 dkV Buzz Talk BBSs news.omy.sg Download omy Apps HftlH omy News iOSAppStore Google Play
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  • Article
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    1812 20 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR SEA CORAL 65 60 6/1 8/1 12/1 14/1 MALAYSIA STAR 41 50 8/1 9/1 13/1 16/1
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      224 20 C a ila n E n n o r e J e d d a h B r is b a Shanghai Chittagong n e Ho Chi Minh H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE TO Persian Gulf,
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  • GOVERNMENT & ECONOMY
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      Lock icon Greek MPs hold crunch presidential vote to avert snap polls
      682 21 EU and IMF officials fear that early elections would be won by the anti-austerity Syriza party AFP Athens LAWMAKERS in debt-laden Greece will on Monday try for a third and final time to elect a new president and avoid a
      AFP; PHOTO: AFP  -  682 words
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      Lock icon Presidential election gambit may backfire for Greece PM
      691 21 AFP Athens DEBT-LADEN Greece’s Prime Minister Antonis Samaras is a late convert to austerity whose penchant for risky politics once again is threatening to torpedo his career. In a surprise move this month, Mr Samaras pushed forward the date of a high-stakes
      AFP; PHOTO: REUTERS  -  691 words
    • Article
      Lock icon China anti-graft campaign takes its toll in collateral damage
      1153 21 NYT Lüliang, China FOR 10 fat years, this mountainous corner of central China was synonymous with the nation’s energy-hungry economic take-off. Its rich deposits of coal fuelled the most frenetic era of the Chinese boom, turning owners of small mines into
      NYT  -  1,153 words
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      Lock icon Britain to pay off debts incurred in 18th, 19th centuries
      501 21 NYT London SHARE prices went through the roof, speculation ran wild and money poured into ill-fated ventures before the boom turned, inevitably and catastrophically, to bust. Following that financial crash in 1720, called the South Sea Bubble, the British government
      NYT  -  501 words
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      Lock icon 10 dead, 200,000 evacuated in Malaysia floods
      587 22 Govt allocates additional RM500m to help victims after it earlier approved RM50m in aid: report BLOOMBERG Kuala Lumpur MALAYSIA evacuated more than 200,000 people and increased relief efforts as the worst floods in decades left at least 10 people dead. Parts of Thailand
      BLOOMBERG; PHOTO: AFP  -  587 words
    • Article
      Lock icon Vietnam economic growth quickens in Q4 on exports
      525 22 BLOOMBERG Hanoi VIETNAM’S economic growth accelerated in the fourth quarter as banks increased lending and rising foreign investment boosted exports. Gross domestic product rose 6.96 per cent in Q4 from a year earlier, quickening from a revised 6.07 per cent gain in
      BLOOMBERG  -  525 words
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      Lock icon Russia will burn through wealth funds in 3 years without cuts, minister warns
      561 22 BLOOMBERG Moscow RUSSIA, poised to enter a recession, will burn through its rainy day funds in three years if the government does not change the budget structure, according to Finance Minister Anton Siluanov. With oil prices at
      BLOOMBERG; PHOTO: BLOOMBERG  -  561 words
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  • Page 22 Advertisements
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      59 22 THE PERFECT CHRISTM S GIFTFROM ONLY $1.50 PER ISSUE! A GIFT FOR YOUR LOVED ONE 60% savings for 1-year digital subscription 30% savings for 1-year print subscription OUR GIFT TO YOU FREE 3-month digital subscription of your favourite magazine or Subscribe at www.sphmagazines.com.sg/ xmaspromo2014 or scan this QR code now!
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      70 22 12th edition 19 22 March 2015 Singapore EXPO Hall 6 11am 10pm Daily Participate in Singapore’s MEGA Food Beverage Fair Sell local international food products to over 250,000 visitors during the March school holiday period! Book Your Space NOW! *Limited Booths Available! For more information, call *****620 or email to
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  • DINING OUT
    • Article, Illustration
      Lock icon Putting on the glitz
      1025 23  -  Beneath the funky decor and Western patina, Mitzo is really an old-fashioned Chinese restaurant at heart. BY JAIME EE BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Mitzo Level 4, Grand Park Orchard 270 Orchard Road Tel: 6603-8855 Open daily for lunch, dinner and supper: 12pm to
      PHOTOS: MITZO  -  1,025 words
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      231 23 There are more ways to read The Straits Times 1 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 M WiFi (U.P. $449).
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      91 23 CONGRATULATIONS TO THE WINNERS OF THE LATEST STRAITS TIMES CAR OF THE YEAR 2014 BMW 3 BEST PERFORMANCE HATCHBACK/SALOON AUDI S3 SPORTBACK/SEDAN BEST NOTCHBACK COUPE BMW 2 SERIES BEST 6-CYLINDER LUXURY SALOON HYUNDAI GENESIS BEST LIMOUSINE MERCEDES-BENZ S-CLASS BEST THREE-DOOR HATCHBACK MINI BEST SPORTS UTILITY VEHICLE PORSCHE MACAN BEST FAMILY
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  • LIFE & CULTURE
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      Lock icon Capturing college students’ attention
      1041 24 Some US universities are transforming the way that science is taught NYT Davis, California HUNDREDS of students fill the seats, but the lecture hall stays quiet enough for everyone to hear each cough and crumpling piece of paper. The instructor speaks from a podium for nearly
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      Lock icon TAKING HEART
      361 24  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Christmas joy for the kids CHILDREN from Thye Hua Kwan’s Student Care Centre Bukit Panjang were treated to a Boxing Day lunch and given Christmas presents on Friday, as part of the finale to the inaugural corporate give-back collaborative project of the hotel,
      PHOTO: DNATA  -  361 words
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      Lock icon For India’s most famous female boxer, a fight against prejudice
      887 24 NYT New Delhi MANGTE Chungneijang Mary Kom, the most celebrated female boxer in India, grew up fighting. She fought convention as the eldest child of a landless farmer in the fractious northeastern state of Manipur, where she drove steer across
      NYT; PHOTOS: AFP, FILE  -  887 words
  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      278 24 CRYPTIC CROSSWORD Across 5 Old king’s reasonable line in speech (7) 7 After hour, girl returned hair dye (5) 9 Endless talk about flat circular object (6) 10 French daily swallowing a fizzy drink (8) 11 Source of easy money earned by English poet penning verse on coach (5,5) 13
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