The Business Times, 3 January 2015

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Microfilm: NL33339
Total Pages: 48
1 12 The Business Times
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      72 1 LivingBTTHE BUSINESS TIMES WEEKEND JANUARY 3 4 2015 STYLE Engaging high performance gear L6-7 FOOD FOR THOUGHT Singapore restaurateurs give their verdict on the best and worst of 2014 and what to look forward to in 2015 L2-5 TRAVEL Chengdu’s prized attraction L10-11 PHOTO: IL LIDO GROUP WELLNESS Packing a
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Food for thought
        3459 2 / 3  -  2014 will go down as a year of plenty for the food-obsessed who had their fill of eclectic cafes, artisanal coffee, restaurant-bars, mod-Sin cuisine, pastry shops, avant-garde cooking, local food producers and everything in between. Singapore restaurateurs give their verdict on the best and worst of the
        PHOTO: JOSEPH NAIR; PHOTO: JASPER ASTON LIM; FILE PHOTO  -  3,459 words
      • Article, Illustration
        Lock icon Culinary reflections
        1352 4 / 5  -  What's in and what's out for 2015? Chefs and indie F&B operators weigh in By Jaime Ee, Tay Suan Chiang, Rachel Loi Duangporn Songvisava Chef-owner of Bo.Lan in Bangkok (No 28 in Asia’s Best 50 List) What’s In: “Comfort food. It stood out in 2014 and I’d like
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    • STYLE
      • Article, Illustration
        Lock icon Engaging high performance gear
        1207 6 / 7  -  Super cars and ‘It’ bags are so 2014. Instead, water-repelling trainers and sweat-wicking tights are the new status symbols for the privileged set. By May Yip By May Yip AT S$70 for a sports bra with bonded seams to prevent chafing and S$79 for a pair
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    • HOME & GARDEN
      • Article, Illustration
        Lock icon DREAM HOME
        1127 8 / 9  -  Furniture designer Nathan Yong has always wanted to live in a colonial black-and-white house. His wish came true when he chanced upon one in Katong. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT DESPITE having two spacious showrooms, one at Playfair Road, and
        ALL PHOTOS BY JOSEPH NAIR  -  1,127 words
    • TRAVEL
      • Article, Illustration
        Lock icon Chengdu’s prized attraction
        879 10 / 11  -  No tourist can visit the capital of Sichuan Province without viewing its much beloved pandas. By Cheah Ui-Hoon uihoon@sph.com.sg A VISIT to Chengdu, the capital of Sichuan Province, wouldn’t be complete without viewing the great pandas. It’s a clichéd touristy thing to recommend, some might sniff, but
        PHOTOS: CHEAH UI-HOON  -  879 words
      • Article, Illustration
        Lock icon Gateway to south-west China
        613 10 / 11  -  By Cheah Ui-hoon AMONG its many distinctions, what tops Chengdu’s list is that it’s the gateway to south-western China. The city of some 15 million is ranked the fourth most populous in China. Things are looking to get more luxurious as major brands move in for
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      • Article
        Lock icon wine&dine
        743 10 / 11 with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 Z6845-1111 Pints For Pies For the month of January, indulge yourself with piping hot Shepherd’s Pie paired with a pint at $25++ only. Designed by John Portman, the hotel has one of the largest indoor atriums in
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    • WELLNESS
      • Article, Illustration
        Lock icon Packing a healthy punch
        1796 12 / 13  -  A new generation of Singapore entrepreneurs is blazing the health food manufacturing trail, using the most modern of technologies. By Cheah By Cheah Ui-Hoon uihoon@sph.com.sg Nutrition-packed soups Pamela Phua Founder, Freshen Food IF you want some homecooked Chinese soup pronto then you pretty much have to
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    • MOTORING
      • Article, Illustration
        Lock icon THE MIDDLE GROUND
        662 14  -  The Subaru Legacy combines a spacious interior with sporty handling. By CY Chew MENTION Subaru and most would think of the WRX even though its World Rally Championship conquering years are now mere annals in history rather than actual dominance on rally stages. The Subaru Legacy sedan,
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      • Article, Illustration
        Lock icon Macan superiority
        589 15  -  Despite being more expensive, the Porsche Macan S is the most popular version sold here. By Samuel Ee samuelee@sph.com.sg WITH four Porsche Macan variants available, you would think the entry-level option would be selling like hot kuchen. But no, this stylish German compact crossover is most sought after
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    • SPORTS
      • Article, Illustration
        Lock icon Six wishes for a happy new year
        867 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent WE ARE three days into the new year and, if you haven’t already, it’s time to put together your wish list for what you want to see in your favourite sports in 2015. The biggest
        PHOTOS: AFP, REUTERS  -  867 words
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      87 12 / 13 i IT Preserving Health and Longevity HEART, STROKE CANCER CENTRE Worried about r \v» Heart Attack? m CT Coronary Angiogram at $399* CALL (+65) 6881 8811 FOR YOUR APPOINTMENT TODAY The abovementioned price is not inclusive of CT IV contrast. Kindly present this during your visit. HEART, STROKE CANCER CENTRE
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        54 2 GSTI 3,370.59 (+5.44) HSTI FUTURES 3,370.00 (-6.00) GSIMSCI 380.75 (+0.02) HSIMSCI FUTURES 381.20 (-0.40) Friday Change KL COMP 1,752.77 -8.48 NIKKEI 225 Closed HANG SENG 23,857.82 +252.78 SET Closed JAKARTA 5,242.77 +15.82 MANILA Closed KOSPI 1,926.44 +10.85 SHENZHEN B Closed MUMBAI IND 27,887.90 +380.36 11am EST Change DOW 17,836.71
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.226 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.328 (US$/S$ per 1.555 2.065 EURO (US$/S$/€ 1.206 1.602 Foreign currency per US$ S$ YEN 120.40 90.70 RM 3.516 2.647 HK$ 7.756 5.839 BAHT 32.97 24.82 RUPIAH 12,535 9,437 RENMINBI 6.206 4.672 INDIAN RUPEE 63.30 47.66 A$ 1.228 0.925 NZ$ 1.289 0.971
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    • Article
      Lock icon BOJ likely to keep pressure on yen in 2015
      652 2  -  Kuroda needs to ensure that the currency stays at a level where investment and wages can rise again, say analysts By Anthony Rowley btworld@sph.com.sg Tokyo FINANCIAL markets face many uncertainties as they enter 2015, but the one thing they can be
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    • Article
      Lock icon Correction
      50 2 IN “Schroder, Lloyd’s Asia, Twitter sign up at CapitaGreen” (BT, Jan 1), we wrongly reported that Lukoil had signed up for 20,000 sq ft of space at South Beach Tower, quoting Knight Frank Singapore director of office Louise Toovey. Knight Frank has since confirmed that that was a mistake.
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    • Article, Illustration
      Lock icon HDB resale flat prices down 6% for the year
      757 3  -  But shift from seller’s market to buyer’s market not over yet: property consultants By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THERE is no sign of a bottoming out of HDB resale prices even as the latest flash estimates from the Housing Development
      PHOTO: JAMIE KOH/THE STRAITS TIMES  -  757 words
    • Article, Illustration
      Lock icon Ode to MY FAMILY
      518 4  -  Family businesses have begun to set their houses in order for the years ahead with governance structures a sensitive topic that touches on in-laws, cousins, and children who have left to find themselves (and thus, may return). And to untangle the complexities, families have turned to
      Sources: Bloomberg, Financial Times, South China Morning Post, The Straits Times; Graphic: Simon Ang  -  518 words
    • Article, Illustration
      Lock icon Spotlight on governance in family businesses
      1124 5  -  To untangle the complexities, families turn to consultants and bankers who play mediator and confidant By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FAMILY businesses here have begun to set their houses in order for the years ahead with governance structures a sensitive topic that touches
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    • Article, Illustration
      Lock icon Facebook’s next chapter
      465 6 BT Infographics 2014 was a milestone year for Facebook as the world’s largest social network crossed the one billion monthly activeuser mark on its 10th anniversary. Earlier in the year, CEO Mark Zuckerberg went on a shoppingspree, acquiring WhatsApp for US$19 billion and virtual reality company Oculus
      BT Graphics: Simon Ang, Weatherly Tan & Ludwig Ilio Source: Facebook, Graphic News, The Guardian, The New York Times, Businessinsider  -  465 words
    • Article
      Lock icon A gloomy outlook across the Causeway
      1064 7  -  Internal and external factors will conspire to create a fiscally tough year ahead for Putrajaya OUTLOOK 2015: MALAYSIAN ECONOMY By Pauline Ng btworld@sph.com.sg Kuala Lumpur BY early December, many signs were already pointing to a bleak 2015 for the Malaysian economy. If anything, the
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    • Article
      Lock icon Manufacturing slips to 6-month low in December
      509 7 LATEST US DATA Bloomberg Washington MANUFACTURING in the United States cooled last month, settling into a more sustainable pace of growth as the year drew to a close. The Institute for Supply Management’s (ISM) factory index dropped to a six-month low of 55.5
      Bloomberg  -  509 words
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      52 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Govt Economy 21-23 Opinion 24-25 Transport 26 Life Culture 27 Crosswords 27 LIVING Dining L2-5 Style L6-7 Home Garden L8-9 Travel L10-11 Wellness L12-13 Motoring L14-15
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  • Page 5 Miscellaneous
    • Miscellaneous
      Lock icon Page 5 Miscellaneous Column 1
      57 5 SINGAPORE —SWEEP— 1 ST PRIZE $2,300,000 2ND prize 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) •71 —SWEEP—’^MILLION w-rincaday. 7 January 2015 DRAW ON WEDNESDAY, 7 JAN 2015 P L Always play with care. /f responsibiyj Do not bet illegally. RGB Reg No:
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      155 7 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TOGO PARKWAY EAST HOSPITAL PTE LTD (In Creditors’ Voluntary Liquidation) Company Registration No. *****2036W NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 290
      155 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Doyen of ‘disruptive innovation’
      2733 8 / 9  -  Clayton Christensen talks about how newcomers disrupt an industry, creating jobs and growth, and what incumbents can do about it. By Vikram Khanna By Vikram Khanna vikram@sph.com.sg IN OUR furiously-paced world where once-iconic companies fall by the wayside and even disappear, entire industries are reinvented and
      PHOTO: ARTHUR LEE  -  2,733 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Don’t count Olam out just yet
      809 10  -  The low-price commodities environment provides rich pickings for mainboard-listed companies, to buy core assets on the cheap, as they seek longer-term returns HOCK LOCK SIEW Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Reporter THE year 2014, which saw key commodities such as palm oil, sugar and
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    • Article
      Lock icon Real assets in vogue, but caution over rates
      393 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE longevity enjoyed by this generation and beyond has prompted active investors to seek out returns by buying more real assets, a BlackRock survey suggested on Friday. But investors are also weighing out the odds of
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    • Article
      Lock icon Japfa shares surge on long-term contract
      329 10  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SHARES of agri-food company Japfa Ltd surged 13.6 per cent on Friday, after it said it had sewn up a long-term contract with a major dairy producer in China for an undisclosed sum. The stock gained 7.5 Singapore
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      Lock icon Market starts year on low volume, low volatility
      836 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent IN a holiday-shortened week that straddled 2014 and 2015, the Straits Times Index (STI) managed a three-point rise to 3,370.59 to go with last year’s gain of 6.2 per cent. The bulk of 2014’s rise
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    • Article
      Lock icon Largest capitalised IT stocks on SGX averaged 34% total returns in 2014
      572 11  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE 20 largest information technology (IT) stocks on the Singapore Exchange (SGX) in 2014 boasted a combined market capitalisation (cap) of close to S$10 billion, and an average total return of 33.6
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    • Article
      Lock icon STI STOCKS
      305 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 +2 241/239 250 206 5.9 6068 CapitaLand 330 -1 331/328 348 268 16.5 2.4 *****.8 CapitaMall Trust 204 unch 205/202 209 180 5 7075.3 CityDev 1030 +3 1032/1026 1118 860 14
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    • Article
      Lock icon SGX ETFs Most Active
      113 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 220 +3 167 220/218 220/140 219/220 68.8 STI ETF 341 +1 114 342/340 343/298 341/342 DBXT CSI300 US$ US1011 +25 39 1011/990 1011/613 1007/1010 ABF SG Bond ETF 117.3 xd -0.6 31 117.3/117 118/110.2
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      Lock icon SIBOR
      31 12 Jan 2 (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
      794 12 For week beginning Dec 29 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) A-Sonic Aerospace 29-Dec-14 Janet LC Tan Buy 163 0.07 *****9 50.88 *****2 50.90 City Developments 29-Dec-14 Aberdeen
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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 8 3 2 0 0 0 8 3 2 Manufacturing 54 33 39 13 4 5 67 37 44 Commerce 23 17 10 4 3 6 27 20 16 Tpt/Stor/Comms 23 7 8
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      Lock icon SECURITIES TRADING TURNOVER
      123 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,895 10,895 34,160 34,160 Manufacturing 197,573 53,025 250,598 76,510 3,691 80,200 Commerce 48,938 33,805 82,743 50,852 1,921 52,772 Tpt/Stor/Comms 70,913 773 71,686 70,997 290 71,288 Finance 9,374 5 9,379 84,735 1 84,736 Construction 96,831 11,832
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      Lock icon OTHER SINGAPORE INDICES
      77 12 Jan 2 VALUE CLOSE BT OB/OS 495.00 +147.00 BT CADI -*****.00 +125.00 BT 10-day MA -*****.00 +50.00 FTSE ST Mid Cap 752.23 +3.61 FTSE ST Small Cap 498.59 +6.28 FTSE ST All Share 807.41 +2.26 FTSE ST China Top 189.92 +3.30 FTSE ST China 224.58 +2.76 FTSE
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      Lock icon UNUSUAL ACTIVITY
      85 12 VOL CLOSE($) CHANGE China Minzhong 1,331.0 1.040 +0.180 +20.93 Darco Water Tech 1,362.0 0.019 -0.002 -9.52 Pan Asian 306.0 0.032 -0.004 -11.11 Zhongxin Fruit 400.0 0.020 -0.006 -23.08 Midas 26,530.0 0.310 +0.060 +24.00 Mary Chia 250.0 0.068 +0.004 +6.25 China Hongcheng 121.0 0.012 +0.001 +9.09 Great Group 100.0
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      Lock icon COMMODITY FUTURES
      192 13 Dec-31 Price Net change change Last Trade Agricultural Dec-31 CBOT Soybeans (US cents/bu) 1019.25 -18.50 -1.78% 14/01/2015 CBOT Soybean Oil (US cents/lb) 31.97 -0.92 -2.80% 14/01/2015 CBOT Wheat (US cents/bu) 589.75 -12.25 -2.03% 13/03/2014 Dec-31 LIFFE Cocoa (£/tonne) 1980.00 -6.00 -0.30% 16/03/2015 LIFFE Coffee (US$/tonne) 1893.00 22.00 1.18%
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    • Article
      Lock icon PALM OIL
      57 13 Jan 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 15 2265.0 2315.0 2325.0 2265.0 1595 1842 Feb 15 2261.0 2302.0 2303.0 2249.0 1231 ***** Mar 15 2245.0 2283.0 2285.0 2237.0 ***** ***** Apr 15 2236.0 2269.0
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      Lock icon GOVERNMENT SECURITIES
      69 13 Jan 2 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.04 105.12 105.09 5-Year N*****0H 1.625 01-Oct-19 99.92 100.05 100.05 10-Year NY*****H 3.000 01-Sep-24 105.77 106.10 105.85 15-Year NY*****E 2.875 01-Jul-29 102.54 102.83 102.60 20-Year NZ*****V 3.375 01-Sep-33 107.89
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      Lock icon INTERBANK CURRENCY RATES
      155 13 Jan 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0806 1.0820 0.8138 0.8143 Canadian dollar 1.1396 1.1409 0.8587 0.8583 Euro 1.6013 1.6027 1.2060 1.2062 NZ dollar 1.0294 1.0308 0.7753 0.7758 Sterling pound 2.0639 2.0656 1.5544 1.5546
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      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      209 13 Jan 2 Most active Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 4.1 0.3 6377 1 18 21 Singapore eDev Ltd w*****0 2.6 -0.4 3100 0.0 20 72 23 STI 3400 MB eCW*****0 5.5 -0.1 2700
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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 Jan 1 Index Change Change Change Change Change Change World Preliminary 1275.8 0.0 0.0 0.0 0.0 0.0 0.0 EAFE Preliminary 986.9 0.0 0.0 0.0 0.0 0.0 0.0 Europe Preliminary 1381.7 0.0 0.0
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      Lock icon STOCK MARKETS
      2 13
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    • Article, Illustration
      Lock icon Keppel draws up 2020 road map
      422 14  -  Details are not out, but it includes new vision, operating principles and growth strategy By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Singapore KEPPEL Corporation has developed a plan that leads up to the year 2020, its chief executive Loh Chin Hua told its employees in a
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    • Business briefing
      • Article
        Lock icon Market shutdown report to be submitted end-March
        96 14 THE Singapore Exchange (SGX) said independent directors who are carrying out an inquiry into a Nov 5 market shutdown expect to submit their report to the Monetary Authority of Singapore by the end of March. The committee, which comprises directors Quah Wee Ghee,
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      • Article
        Lock icon PCI to buy property from Amtek for S$22.5m
        168 14 PCI Ltd has entered into a conditional sale and purchase agreement with Amtek Precision Technology Pte Ltd to acquire a piece of land, including the building on the site and the equipment installed in the warehouse for S$22.5 million. The property covers
        168 words
      • Article
        Lock icon Unionmet to sell Liuzhou stake for S$4.5m
        111 14 UNIONMET (Singapore) Ltd said it has agreed to sell its entire stake in loss-making Liuzhou Union Zinc Industry Co Ltd to Divine Season Ltd, which gave the highest bid, for S$4.5 million. The disposal of Liuzhou Union Zinc, which has been loss-making since
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      • Article
        Lock icon Frencken co-founder Gooi passes away
        77 14 FRENCKEN Group said its co-founder and president Gooi Soon Hock died on Dec 30, 2014. No other details were provided. Mr Gooi was responsible for overseeing the group’s strategy, business development and operations. He also managed the operations of the group subsidiary, Precico Group Sdn
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      • Article
        Lock icon Keppel buys 75% stake in mall manager for S$4.5m
        119 14 KEPPEL Land said its whol-ly-owned unit Straits Property Management Pte Ltd (SPM) has acquired a 75 per cent stake in Array Real Estate Pte Ltd (Array) from Array Holdings Pte Ltd (AHPL) for S$4.5 million. The remaining 25 per cent of
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      Lock icon Page 14 Advertisements Column 1
      34 14 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Developers using innovative ways to sell
      655 15  -  Qingjian Realty cutting S$25,000-S$45,000 off prices by offering apartments without interior fit-outs or floor finishing By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore AMID a sluggish property market, developers are cracking their brains for innovative ways to move their unsold units. Now, one has come up
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    • Article
      Lock icon NY skyline set to change with rise of pencil towers
      458 15 NYT New York IT’S not a tourist attraction yet, but when hard-hatted construction workers journey down from the summit of 432 Park Avenue at 57th Street they proudly rattle off sky-high statistics 1,396 feet (425.5 metres) and 96 stories tall
      NYT  -  458 words
    • Article
      Lock icon China developer faces HK$400m loan default
      328 15 Reuters Hong Kong CHINA’S Kaisa Group Holdings warned it may default on more debt after it failed to repay a HK$400 million (S$69 million) loan, the latest developer to flag financial difficulties amid a downturn in the real estate sector. Shenzhen-based Kaisa, which has
      Reuters  -  328 words
    • Article
      Lock icon Househunt
      1034 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 19 AND NOV 25, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 8 NON-LANDED Jool Suites Apt 20/11/2014 FH 624 970 1554 Kerrisdale Apt 24/11/2014 99 1259 1300
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon India banks to boost sales of Basel bonds
      798 17 Banks turn to bonds as rising bad debt, poor earnings spoil prospects for equity sales Bloomberg Mumbai INDIA’S banks will ramp up sales of bonds that act as capital buffers in 2015 as lacklustre earnings and rising soured loans make share sales
      Bloomberg; PHOTO: BLOOMBERG  -  798 words
    • Article
      Lock icon Moody’s request for private hearing on appeal rejected
      494 17 Bloomberg Hong Kong A HONG Kong tribunal has rejected a private proceeding request by Moody’s Investors Service for its appeal against a HK$23 million (S$3.9 million) penalty and public reprimand imposed by the city’s securities regulator. The rating company didn’t build a
      Bloomberg  -  494 words
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Gold shines as growth concerns mount
      505 18 Analysts say gold is seen favourably as growth may be slowing from China to Europe Bloomberg Singapore GOLD climbed with silver on Friday amid concern that growth may be slowing from China to Europe even as the US recovers, spurring demand for a protection
      Bloomberg; PHOTO: BLOOMBERG  -  505 words
    • Article, Illustration
      Lock icon China builds world’s largest coal mine waste gas recovery project
      408 18 Xinhua Taiyuan THE world’s largest facility to turn excess methane gas from coal mines into electricity has been completed in north China’s Shanxi Province. The facility was completed by the Lu’an Group, which owns the Gaohe Coal Mine in the
      Xinhua; PHOTO: REUTERS  -  408 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon ‘Connected life’ at heart of CES electronics fair
      956 19 Show to feature wider range of wearable tech, drones, robots and devices for smart homes AFP Washington IN the air, in your car, on your back new technology at the upcoming Consumer Electronics Show (CES) is showcasing the growing number of ways
      AFP; PHOTO: AFP  -  956 words
    • Article
      Lock icon Digital tax hike could add US$1b annually to EU coffers
      608 19 NYT London EUROPE’S tax showdown could be headed straight to people’s wallets. With the new year, a change in fiscal rules in the European Union (EU) is increasing the tax on many purchases of digital content such as e-books and
      NYT  -  608 words
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  • CONSUMER
    • Article
      Lock icon Macau suffers worst year for casinos
      595 20 Shrinking revenue likely until mid-2015, as Beijing’s graft crackdown deters high-rollers Bloomberg Hong Kong MACAU’S casinos recorded their worst year in 2014, ending a decade of expansion that turned the former Portuguese enclave into the world’s biggest gambling hub. More tough times are ahead.
      Bloomberg  -  595 words
    • Article, Illustration
      Lock icon A South African wine revolution brews in the Swartland terroir
      627 20 AFP Riebeeck Kasteel, South Africa THERE is a revolution happening in South Africa’s wine country, where a handful of young impassioned friends are turning their backs on the very practices that have made the country’s wine industry such a success.
      AFP; PHOTO: AFP  -  627 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Indonesia’s faster inflation, weak exports cloud economic outlook
      519 21 Batch of poor data, slower growth and spike in costs push rupiah to 2-week lows Reuters Jakarta INDONESIA’S annual inflation accelerated to its fastest pace in almost six years in December, due to a recent rise in prices of subsidised fuel, while
      Reuters  -  519 words
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      Lock icon Tasmania’s lavender bear smells potential of gigantic Chinese market
      644 21 AFP Nabowla, Australia WHEN Chinese President Xi Jinping stepped onto the airport tarmac in Australia’s smallest state of Tasmania last November, he was presented with a pur-ple-coloured fluffy toy called Bobbie. The welcome gift he received stuffed with lavender and wheat
      AFP; PHOTOS: AFP  -  644 words
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      Lock icon India factory output at 2-year high
      140 21 AFP Mumbai INDIAN factory output expanded at its quickest pace in two years last month, a key survey showed on Friday, in a further sign that the economy is picking up under new Prime Minister Narendra Modi. Banking giant HSBC said that its purchasing
      AFP  -  140 words
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      Lock icon China assistant foreign minister sacked
      379 22 Ministry website says Zhang Kunsheng under investigation and ‘suspected of violating discipline’ AFP Beijing A CHINESE assistant foreign minister has been dismissed from his post and placed under investigation, Beijing said on Friday, amid a much-publicised anti-corrup-tion campaign. Zhang Kunsheng, one of four officials with
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      Lock icon Beijing orders safety reviews after deadly Shanghai stampede
      362 22 Bloomberg Shanghai CHINA has demanded a review of crowd-safety procedures as dozens of people remain in Shanghai hospitals following a stampede on New Year’s Eve that killed 36 and prompted the cancellation of celebrations across the city. Chinese President Xi Jinping has
      Bloomberg; PHOTO: AFP  -  362 words
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      Lock icon More pressure on central banks to add stimulus
      561 23 Factory reports from Europe and Asia show weak global growth late last year Reuters London THE global economy ended 2014 in a fragile state as factories struggled to maintain growth across Europe and Asia, business surveys showed, adding to pressure on central
      Reuters; PHOTO: REUTERS  -  561 words
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      Lock icon With jobs scarce, South Korean students linger on campus
      780 23 Reuters Seoul IT’S been a year since Seoul media and communications student Lee Woong-hee finished his studies, but the 26-year-old plans to skip his class graduation ceremony in February because he thinks retaining his student status will help him finally land
      Reuters  -  780 words
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      44 22 Whyhave shareprices ofthreeS'pore food companies with operations in China soared? To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg BSbtTbWaaf? To subscribe, call 6388-3838 or go to sphsubscription.com.sg Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings
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  • OPINION
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      Lock icon Curiosity – the one skill you need for data analysis
      1129 24 / 25  - Curiosity the one skill you need for data analysis Developing an almost feline agility of the mind to ask questions can help fill in the gaps. By Donald Farmer The writer is VP for Innovation and Design at software firm Qlik IF you have a cat, you already know its
      PHOTO: BLOOMBERG  -  1,129 words
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      Lock icon Influencer outreach – the Good, the Bad and the Ugly
      887 24 / 25  - Influencer outreach the Good, the Bad and the Ugly By Marcus Ho The writer is author of Social Payoff and runs SocialMetric, a regional digital PR and social media agency based in Singapore THE recent salvos fired between social media marketing firm Gushcloud and local blogger Xiaxue created a hullabaloo
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  • Page 24 / 25 Miscellaneous
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  • TRANSPORT
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      Lock icon Bodies found in seats; weather delays search
      976 26 Parts of plane’s tail also located; Bad weather and rough seas expected to last through Sunday airasia crash| Bloomberg AFP Xinhua Surabaya, Indonesia SEARCH teams looking for the crashed AirAsia jetliner have found bodies still strapped in their seats and debris resembling parts
      Bloomberg; AFP; Xinhua; PHOTO: REUTERS  -  976 words
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      Lock icon Lantern causes Bangkok Airways to scrap flight
      314 26 AFP Bangkok BANGKOK Airways was forced to cancel a flight during the new year period after a traditional fire lantern was found stuck to the plane’s engine, the airline said on Friday. The Airbus A320 had flown into Chiang Mai airport in the
      AFP  -  314 words
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  • LIFE & CULTURE
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      Lock icon Poland eyes luxury market for caviar
      647 27 Biggest sturgeon fish farm launches own brand AFP Rus, Poland FOODIES, take note: After flooding the global market with its vodka, apples and berries, Poland has gone gourmet and is trying its hand at making black caviar. Dressed from head to toe in sterile
      AFP; PHOTO: AFP  -  647 words
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      Lock icon Biological bad luck blamed in two-thirds of cancer cases
      411 27 Reuters Washington PLAIN old bad luck plays a major role in determining who gets cancer and who does not, according to researchers who found that two-thirds of cancer incidence of various types can be blamed on random mutations and not heredity
      Reuters  -  411 words
  • Page 27 Miscellaneous
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      345 27 CRYPTIC CROSSWORD Across 1 Teacher after clemency for army officer (13) 10 Bounty, big ship (7) 11 Roman emperor linked with a late former queen (7) 12 Payment we will take in silver (4) 13 Grain leaving tropic island (5) 14 Run away, having got left in charge (4) 17
      345 words
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      114 28 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIGUETMILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRIDIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRYWITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCK-RESISTANCE IS COMBINED WITH THE ELEGANCE OF THE CÔTES
      114 words
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      61 1 PANOTECK REVOLUTIONISING THE WORLD OF LUXURY ONLINE r A MASTERCARD ONTHI OF, a BANGKOK BANK SERVING SINGAPOREANS SINCE 1957 MITSUBISHI ELECTRIC ENRICHING THROUGH IOLOGY PLATINUM HEALTH PCTHEWAVE; TH IN INDONES THCARE INDUS ©MOBILES JlN DS Editor-in-chief: Mikko Silventola CEO, Content Group International: Johan Ehrstrom Project Managers: Tero Lehmuskallio, Julius PilLai
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  • CHAIRMAN
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      Lock icon A perfect fit for Singapore's defence needs
      938 2 SAAB As countries around the world continue to flex their military muscle and East Asia flirts with the possibility of more territorial spats, military and defence spending has emerged as one important area that governments can’t afford to scrimp on. Stepping in to
      938 words
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      Lock icon Revolutionising the world of luxury online
      876 3  -  Revolutionising the world of online retail may sound like a lofty ambition, but Mr Roberto Uzcategui, Founder and CEO of digital content and advertising firm Panoteck, is on his way to realising this vision. PANOTECK Mr Roberto Uzcategui It started in 2011 when he
      876 words
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      Lock icon On the frontiers of digital marketing
      846 4 MASTERCARD MasterCard, a global technology company in the payments industry, has long prided itself on bringing “priceless” experiences to its cardholders. This year, it went a step further to launch a data-driven digital marketing process that gives customers what they want, when they need
      846 words
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      Lock icon Bangkok Bank serving Singaporeans since 1957
      706 5 Thailand's largest commercial bank seeks to establish long-term partnerships and help customers with their overseas expansion plans. BANGKOK BANK Bangkok Bank has been an integral part of Thailand’s economy for 70 years. Founded in 1944, it was one of the first companies listed on
      706 words
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      Lock icon Enriching society through technology
      1151 6 MITSUBISHI ELECTRIC GROUP Though most headlines emerging out of Japan today are centred on the country’s recessionary slump, one group of companies headquartered in Japan has emerged as a bright spot amidst the gloom. In fact, you could say its track record is practically blazing. Mitsubishi
      1,151 words
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      Lock icon Beyond the walls of finance: The next-generation performance management framework for the enterprise
      793 7 ACCENTURE As enterprises across the globe respond to an uncertain and volatile business climate, the challenges and opportunities created by globalization and the continued escalation of stakeholders’ expectations and demands are driving companies to rethink their performance
      793 words
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      Lock icon Riding the waves of growth in Indonesia's healthcare payments industry
      628 8 PLATINUM HEALTHCARE Behind the feel good marketing messages of health and life insurance companies, is an industry that addresses the complex back office processes of healthcare payments. Commonly referred to as third party administration (TPA), the industry generates billions in
      628 words
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      Lock icon Challenging the odds
      996 9  -  The odds might seem stacked against him, but Mr Devan Na chairman and group chief executive officer of Singapore's first ever automobile manufacturer ALIFE Air Automobile, stands firmly by the viability of his business. ALIFE Mr Devan Nair In fact, the maverick has already sold his first
      996 words
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      Lock icon Can CEOs afford to lead organisations that don't negotiate effectively?
      1390 10 SCOTWORK Have you ever been in a situation where you just cannot get the other side to agree with you, and maybe they don’t even seem interested? You may feel that you are losing control of the meeting, your confidence
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      Lock icon Global reach: Local solutions
      393 11 DUANE MORRIS SELVAM LLP Ask managing director, Krishna Ramachandra, what distinguishes his law firm Duane Morris Selvam LLP from its competitors, and “deep local connectivity” is the answer. The Firm opened an office in Yangon last yearhandling investment and business matters and serves both international and
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      Lock icon Blak Labs delivering big ideas with creative care
      434 11 BLAK LABS Blak Labs is a micro-agency challenging the big boys in the creative sector. Tire team consists of diverse senior talents who focus on collaboration, co-creation and creative care, delivering outstanding results in film, print, digital, outdoor, activation, and even word
      434 words
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      Lock icon Leading the way
      1178 12  -  Leaving corporate America and returning to his roots in Asia, Vijay Eswaran turned his entrepreneurial skills into what is known today as the Ql Group. He is not only the founder of this multimillion dollar conglomerate, but also a successful businessman, best-selling author, philanthropist and accomplished motivational
      1,178 words
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