The Business Times, 24 January 2015

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Microfilm: NL33340
Total Pages: 41
1 32 The Business Times
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      64 1 LivingBTTHE BUSINESS TIMES WEEKEND JANUARY 24 25 2015 NEW FOODIE HOTSPOTS New locations draw the crowds with exciting F&B options L2-4 PHOTO: HORIZON BISTRONOMY STYLE Chic CNY silhouettes L11 DINING Changi Village spruces up the menu L5-7 DESIGN Architect Lim Koon Park’s aesthetic L12 DESIGN Classy Chinoiserie in decor L8-10
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon NEW FOODIE HOTSPOTS
        1274 2 / 3  -  These days, ‘location, location, location’ isn’t enough for new property developments to attract buyers or visitors. BT Weekend checks out the next must-have F&B concepts at three new addresses. By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT HOW do you get Singaporeans to go to a new location? Pull
        PHOTOS: WAYNE’S CHILL OUT, TAY SUAN CHIANG; PHOTOS: HORIZON BISTRONOMY; PHOTOS: RILEK 1 CORNER, PONGGOL SEAFOOD  -  1,274 words
      • Article, Illustration
        Lock icon Out with golf range, in with hip new hangout
        972 2 / 3 Parkland Green 920 East Coast Parkway REMEMBER the old Parkland Golf Driving Range at East Coast Park, and where Singa Inn seafood restaurant used to be? All that is gone, and in its place is a spiffy new hangout area called
        PHOTO: PICK ME UP CAFE; ATMOSPHERE BISTRO, PATRO’S, FILE  -  972 words
      • Article, Illustration
        Lock icon Spoilt for choice in Kallang
        579 4 Aperia 8 Kallang Avenue DRIVE down Lavender Street, and you will see a shiny new building, with the words Tim Ho Wan on them. No, that’s not a Tim Ho Wan building, but Aperia, a mixed-use development comprising two office towers, an annex and three
        PHOTOS: TAY SUAN CHIANG  -  579 words
      • Article, Illustration
        Lock icon VILLAGE REVIVAL
        2231 5  -  The idyllic and rustic Changi Village, well known as a late-night nasi lemak haunt, is seeing an influx of modern eateries and trendy cafes. By Rachel Loi rachloi@sph.com.sg @RachelLoiBT CHANGI Village, depending on who you ask, is either one of these things: an old fishing village, a gateway
        PHOTOS: YEN MENG JIIN  -  2,231 words
      • Article
        Lock icon wine&dine
        707 6 / 7 with BTWeekend Marina Mandarin Singapore Level 4, 6 Raffles BoulevardZ 6845-1018 Birthday Celebrations Birthday celebrations are extra special with the Marina Mandarin Birthday Package 2015. Choose from an array of menus from afternoon tea to dinner buffets from prices ranging from *S$65++ per person. Valid for a minimum of
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    • DESIGN
      • Article, Illustration
        Lock icon CLASSY CHINOISERIE
        2109 8 / 9  -  Dressing up the home for the Chinese New Year need not be dominated by kitschy embellishments and an eye-searingly red palette. Design and entertaining experts share tips on adding traditional touches the modern way. By May Yip IT’S time again to host your family and friends for Chinese
        ALL PHOTOS BY: DREAM, JUAN CAGUICLA, RISIS, SCENE SHANG; PHOTOS: DREAM, SCENE SHANG; PHOTO: ONG SHUNMUGAM  -  2,109 words
      • Article, Illustration
        Lock icon New year, new wardrobe
        552 10 / 11 Bid adieu to humdrum cheongsams as these style specialists offer advice for putting together chic and appropriate ensembles. some ladies find it acceptable, identical outfits can be too dramatic. Similar pieces made of the same fabrics or colours are quirkier and give the individual wearer his
        PHOTOS: ZALORA; PHOTOS: DAYGLOW VINTAGE  -  552 words
      • Article, Illustration
        Lock icon Architectural delight
        829 12  -  Park Associates draws inspiration from a sensory experience, not a visual one, says founder Lim Koon Park. By Arthur Sim MOST architects would baulk at the thought of working on a theme park development. After all, fairytale castles, as pretty as they are, would hardly be considered Architecture
        PHOTOS: EDWARD HENDRICKS, PARK + ASSOCIATES  -  829 words
    • HEALTH
      • Article, Illustration
        Lock icon Lowdown on high blood pressure
        1564 13  -  There is strong evidence that the lowering of blood pressure can prevent stroke and heart disease Michael Lim ~Dr Lim is the medical director at Singapore Heart, Stroke Cancer Centre. He is also the founding editor of Heart Asia, a journal of the British Medical
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    • MOTORING
      • Article, Illustration
        Lock icon Audi powerhouse
        590 14  -  The powerful Audi S8 gets a cleaner twin-turbo V8 engine with improved fuel economy. By Samuel Ee samuelee@sph.com.sg TO someone who has never driven the Audi S8, perhaps one way to describe it would be “a cruise missile with a lovely interior”. The S8 is the high-performance version
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      • Article, Illustration
        Lock icon LUXURY CLASS
        718 15  -  The Mercedes-Benz S400L long-wheelbase sedan is geared towards those sitting in the back. By Samuel Ee samuelee@sph.com. sg MERCEDES-Benz refers to its current S-Class as “the essence of luxury” and even those who are not fans of the brand with the three-pointed star may find it hard to
        PHOTO: DAIMLER AG  -  718 words
    • GOLF
      • Article, Illustration
        Lock icon New year, new picks
        940 16  -  BT Weekend checks out the latest products that will set aficionados’ hearts aflutter. By Justine Moss THIS week marked the 62nd edition of the annual PGA Merchandise Show in Orlando, Florida. It’s the biggest golf industry gathering where PGA professionals, golf buyers and industry leaders will
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,411.50 (+41.21) GSTI FUTURES 3,410.00 (+41.00) GSIMSCI 381.49 (+3.81) GSIMSCI FUTURES 383.90 (+3.90) STOCKS Friday Change KL COMP 1,803.08 +21.33 NIKKEI 225 17,511.75 +182.73 HANG SENG 24,850.45 +327.82 SET 1,598.33 +37.99 JAKARTA 5,323.89 +70.70 MANILA 7,548.93 +132.62 KOSPI 1,936.09 +15.27 SHENZHEN B 1,074.10 -2.35 MUMBAI IND 29,278.84 +272.82
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.685 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
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.339 (US$/S$ per 1.498 2.006 EURO (US$/S$/€ 1.135 1.519 Foreign currency per US$ S$ YEN 118.20 88.30 RM 3.609 2.695 HK$ 7.752 5.790 BAHT 32.56 24.32 RUPIAH 12,475 9,318 RENMINBI 6.227 4.651 INDIAN RUPEE 61.50 45.93 A$ 1.251 0.935 NZ$ 1.336 0.998
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    • Article, Illustration
      Lock icon S’pore prices dip again on base effects
      686 2  -  Economists expect this ‘disinflation’ to continue, noting that it follows from oil prices being at a significantly high base in H1 2014 By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore JUST as economists expected, Singapore’s headline inflation stayed in negative territory in December, edging up
      Source: Department of Statistics  -  686 words
    • Article
      Lock icon Inflation hit poorest households most in H2 2014
      279 2  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S poorest households were hit hardest by inflation in the second half of last year because of higher food prices. As the bottom 20 per cent of households by income devote a larger share of expenditure
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    • Article, Illustration
      Lock icon Draghi’s last throw of the dice
      919 4  -  COMMENTARY Vikram Khanna vikram@sph.com.sg Associate Editor ~vikram@sph.com.sg IN 2012, the president of the European Central Bank (ECB) Mario Draghi famously announced that he would do “whatever it takes” to save the euro. Finally, he has done the long-ex-pected needful. After years of dithering, politicking
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    • Article, Illustration
      Lock icon Chan Chun Sing joins NTUC, expected to take role as labour chief
      619 4  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore HE will, in all likelihood, become Singapore’s next labour chief within the next year or so. In his own words, Chan Chun Sing admitted to the country’s top union leaders on Friday
      PHOTO: LIANHE ZAOBAO  -  619 words
    • Article
      Lock icon More, new space planned for startups
      496 5  -  Second LaunchPad is in planning stage; three new blocks will be added to the first facility By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore THE government is planning to set up a second LaunchPad for startups even as it expands the first one JTC LaunchPad onenorth
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    • Article
      Lock icon MAS to step up oversight of financial sector compensation
      481 5  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MONETARY Authority of Singapore (MAS) managing director Ravi Menon has urged the financial industry to build a culture of responsibility and ethics to regain the public’s trust. Speaking at the MAS-Singapore Academy of Law conference
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    • Article, Illustration
      Lock icon Oil jumps as Saudi king’s death feeds market uncertainty
      391 6 New king promises to maintain existing energy and foreign policies Re uters London OIL prices rose on Friday after the death of Saudi Arabia’s King Abdullah added more uncertainty to an oil market that has more than halved over the last
      Reuters  -  391 words
    • Article, Illustration
      Lock icon Yingluck banned from politics, faces criminal charges
      762 6 If found guilty of negligence in a ricebuying plan, she faces up to 10 years in jail Reuters Bangkok THAI authorities dealt a double blow to ousted prime minister Yingluck Shinawatra and her powerful family on Friday, banning her from politics for five
      Reuters; PHOTO: AFP  -  762 words
    • Article, Illustration
      Lock icon New Singtel tagline sparks grammar apocalypse
      722 7  -  “Let’s make everyday better” rips hole in space-time continuum, alters laws of physics and sets off chain reaction BTBLOGS Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT Correspondent ~joyceh@sph.com.sg @JoyceHooiBT Singapore THE United Nations has officially declared a state of emergency for the English language, following a rebranding
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    • Article
      Lock icon Encourage people to save more with a voluntary CPF scheme
      695 7  -  SATURDAY SOAPBOX By Arthur Lee ~arthur@sph.com.sg CPF made the headlines this week with the National Trades Union Congress (NTUC) calling for a boost in Central Provident Fund rates and flexibility in withdrawals. It was also in the news several times
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      47 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 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 LIVING Dining L2-7 Design L8-12 Health L13 Motoring L14-15 Golf L16 Life Culture 31
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      17 2 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The brainy communicator
      2574 8 / 9  -  Christopher Graves, chairman of Ogilvy Public Relations, is turning to subjects such as neuroscience and behavioural economics to craft a better narrative. By Amit Roy Choudhury By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT IT is an indication of how far the public relations industry has travelled, or perhaps,
      PHOTO: YEN MENG JIIN  -  2,574 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon The strong draw of property
      612 10  -  Keppel Land lists factors that it says will benefit its portfolio of properties in China, Vietnam and Indonesia BID FOR KEPPEL LAND By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore KEPPEL Land sees several external factors that will benefit its portfolio of properties in China, Vietnam and
      PHOTO: KEPPEL LAND  -  612 words
    • Article, Illustration
      Lock icon Keppel adding more bricks to rigs
      730 10  -  HOCK LOCK SIEW Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Correspondent HISTORY doesn’t repeat itself, but it often ryhmes, as the saying goes. The year was 1983, and govern-ment-backed Keppel Shipyard, in the midst of a shipping slump, made one of the biggest takeover attempts in Singapore
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    • Article
      Lock icon CapitaMall shares rise to 11/2-year high
      639 11  -  Manager warns of headwinds in Europe, China but sees SG50 celebrations as a counter to external economy By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore CAPITAMALL Trust, the largest listed mall owner in Singapore and typically seen as a defensive play, reported a steady set of
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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 257 +5 257/252 257 206 5.5 6497.9 CapitaLand 356 +14 364/343 364 268 17.8 2.2 *****.5 CapitaMall Trust 225 cd +4 226/222 226 180 4.6 7803.7 CityDev 1053 +21 1061/1030 1118 860
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    • Article
      Lock icon SGX ETFs Most Active
      112 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS India US$ US810 +15 244 810/804 810/541 807/810 101.3 STI ETF 347 +3 194 349/344 349/298 346/348 DBXT MS SING US$ US130 +0.9 100 130/129.7 140.1/119.3 130.5/130.8 6.5 Nikko AM STI ETF 349 +4
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    • Article
      Lock icon SIBOR
      31 12 Jan 23 (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
      793 12 For week beginning Jan 19 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) Tee Intl 22-Jan-15 Phua Chian Kin Buy 100 0.27 *****9 53.41 *****9 53.43 A-Sonic Aerospace 21-Jan-15 Janet
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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 11 1 3 0 0 0 11 1 3 Manufacturing 66 29 40 7 7 12 73 36 52 Commerce 25 19 15 5 6 4 30 25 19 Tpt/Stor/Comms 25 11 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,389 27,389 56,249 56,249 Manufacturing 348,064 26,148 374,212 159,645 3,323 162,968 Commerce 100,600 71,360 171,960 128,020 4,454 132,474 Tpt/Stor/Comms 142,927 142,927 234,055 234,055 Finance 22,076 106 22,182 263,327 22 263,349 Construction 27,591 18,112 45,703 9,989
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jan 23 VALUE CLOSE BT OB/OS -56.00 +129.00 BT CADI -*****.00 +124.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 782.17 +7.55 FTSE ST Small Cap 503.15 +1.13 FTSE ST All Share 820.63 +9.08 FTSE ST China Top 196.83 +2.48 FTSE ST China 237.17 +3.39 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 12 VOL CLOSE($) CHANGE Lasseters Intl 50.1 0.099 +0.026 +35.62 ChinaSing Inv^ 11.2 0.010 -0.003 -23.08 Advance SCT 107,400.0 0.002 +0.001 +100.00 Shanghai Turbo 38.1 0.085 +0.015 +21.43 Asiatic 15,047.2 0.030 +0.002 +7.14 SingHoldings 1,482.8 0.345 +0.025 +7.81 MYP 173.8 0.180 +0.016 +9.76 Ho Bee Land 2,824.9 2.030 +0.080
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jan-22 Price Net change change Last Trade Agricultural Jan-22 CBOT Soybeans (US cents/bu) 976.75 -6.75 -0.69% 13/03/2015 CBOT Soybean Oil (US cents/lb) 31.97 -0.44 -1.36% 13/03/2015 CBOT Wheat (US cents/bu) 533.75 -3.00 -0.56% 13/03/2014 Jan-22 LIFFE Cocoa (£/tonne) 1961.00 -25.00 -1.26% 16/03/2015 LIFFE Coffee (US$/tonne) 1913.00 -4.00 -0.21%
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    • Article
      Lock icon PALM OIL
      59 13 Jan 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 15 2255.0 2264.0 2270.0 2252.0 169 4451 Mar 15 2241.0 2247.0 2260.0 2234.0 3563 ***** Apr 15 2234.0 2230.0 2244.0 2222.0 ***** ***** May 15 2221.0 2212.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      67 13 Jan 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.01 5-Year N*****0H 1.625 01-Oct-19 101.35 101.33 101.30 10-Year NY*****H 3.000 01-Sep-24 109.69 109.65 109.50 15-Year NY*****E 2.875 01-Jul-29 107.42 107.40 107.00 20-Year NZ*****V 3.375 01-Sep-33 115.28 115.50 114.85
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jan 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0693 1.0706 0.7989 0.7994 Canadian dollar 1.0805 1.0814 0.8075 0.8072 Euro 1.5188 1.5199 1.1347 1.1349 NZ dollar 1.0016 1.0028 0.7483 0.7488 Sterling pound 2.0053 2.0065 1.4982 1.4983
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      203 13 Jan 23 Most active Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left Top Global Ltd W*****9 0.2 0.1 ***** Capitaland MB eCW*****3 8.5 1.4 8971 0.2 340 7 DBS MB eCW*****2 10.9 1 8254 0.1 0 5 Rowsley Ltd
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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 22 Index Change Change Change Change Change Change World Preliminary 1278.6 0.7 0.2 0.6 0.3 0.4 -0.5 EAFE Preliminary 1001.8 0.8 1.5 0.2 1.1 0.1 0.3 Europe Preliminary 1417.4 1.1 2.6
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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    • Article, Illustration
      Lock icon STI up as ECB stimulus rubs off on region
      782 14  -  STOCKS| Anita Gabriel anitag@sph.com .sg @AnitaGabrielBT Senior Correspondent AIN’T nothing like the word “stimulus” and “open-ended” to set off a rally in equity markets as if they’ve been hit by an adrenalin shot. For the local bourse, there’s an added reason
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    • Article
      Lock icon Frasers Centrepoint Trust Q1 DPU up 10%
      317 14  -  By Fiona Lam fionalam@sph.com.sg Singapore FRASERS Centrepoint Trust (FCT) on Friday reported a 10 per cent increase in distribution per unit (DPU) from a year ago to 2.75 Singapore cents for its first quarter ended Dec 31. Gross revenue for the quarter rose
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    • Business briefing
      • Article
        Lock icon Singapore Exchange gets CFTC approval
        107 14 THE Singapore Exchange (SGX) has received approval from the US Commodity Futures Trading Commission (CFTC) as a registered Foreign Board of Trade (FBOT). “The FBOT registration provides legal certainty to US customers with direct access to SGX’s comprehensive suite of Asian equity derivatives and commodities
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      • Article
        Lock icon K1 Ventures posts Q2 profit of S$30.96m
        150 14 K1 VENTURES posted a net profit of S$30.96 million for the second quarter ended Dec 31, 2014, up from S$741,000 a year ago. The bottom line for the previous year’s Q2 included a profit of $180,000 from discontinued operations. Revenue for the quarter
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      311 11 CRM Best Practices Series Limited seats. Register early to avoid disappointment! Inti Maximise Sales with SAGE CRM Introducing CRM into your organisation should bring about an improved business f outcome through increased productivity and sales, reduced wastage and customer attrition. But some organisations fail to see such results after investing
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  • REAL ESTATE
    • Article
      Lock icon Price, rental rises recorded for office, retail sectors
      1068 15  -  But divergence seen ahead, with retail space heading south By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore COMMERCIAL properties offered some cheer against the backdrop of a bleak residential market, with office and retail segments registering price and rental increases last year. Data from
      1,068 words
    • Article
      Lock icon Prices of Q4 resale HDB flats down 1.5%, volume up 2.7%
      468 15  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Additional reporting by Lee Meixian Lee Meixian Singapore RESALE prices of Housing Development Board (HDB) flats fell 1.5 per cent in Q4 2014 quar-ter-on-quarter, even as resale transactions of such flats rose 2.7 per
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    • Article
      Lock icon Househunt
      993 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 10 AND DEC 16, 2014 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 9 NON-LANDED Centrepoint Apt Apt 12/12/2014 99 743 2601 3501 Espada Apt 10/12/2014 FH 344 925
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  • BANKING & FINANCE
    • Article
      Lock icon ECB pump unlikely to move US
      715 17 Stronger dollar undercuts competitiveness of US goods, but American tourists will benefit NYT New York FOR US investors and tourists especially, the long-awaited move by the European Central Bank on Thursday to help stimulate growth on the Continent is welcome news. For the rest
      NYT  -  715 words
    • Article, Illustration
      Lock icon Ex-analyst basks in Xiaomi’s glow
      613 17 Reuters Hong Kong Jan 23 (Reuters) RICHARD Ji, whose little-known fund was the biggest investor in leading Chinese smartphone maker Xiaomi Inc’s US$1.1 billion fundraising last month, is a numbers man looking to spot “category killers” startups with the power to disrupt. Mr Ji, a
      Reuters  -  613 words
    • Article
      Lock icon Cagamas eyes new investors for its first non-ringgit sukuk in 2015
      374 17 Reuters Kuala Lumpur MALAYSIA’S Cagamas Bhd will target new investors across the Middle East and Europe for its first foreign-currency sukuk this year. The state-backed mortgage lender set up a US$2.5 billion multi-currency sukuk programme in November, after issuing
      Reuters  -  374 words
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Commodity prices set to slide: World Bank
      792 18  -  It forecasts that oil prices will average US$53 a barrel this year; prices of precious metals seen dipping 3% By Anthony Rowley btworld@sph.com.sg Tokyo KEY commodity prices are likely to decline across the board in 2015, roiled by the “perfect storm” in oil
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    • Article
      Lock icon Gold gains favour as oil tumbles
      665 18 Bloomberg New York GOLD’S relationship to oil has been turned on its head. Investors who saw little value in the metal last month, as plunging energy costs curbed inflation, have started buying in January even as crude continues to tumble. Bullion is off to
      Bloomberg  -  665 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Hutchison to buy Telefonica unit O2 for £10.25b
      764 19 Takeover by Three Mobile network owner will make it top mobile operator in Britain Reuters Hong Kong LI Ka-shing’s Hutchison Whampoa Ltd has agreed to buy Telefonica’s British mobile unit O2 for up to £10.25 billion (S$21 billion), as Asia’s richest man
      Reuters; PHOTO: AFP  -  764 words
    • Article, Illustration
      Lock icon Apple’s CEO gets US$9.22m in pay as stock price surges
      421 19 Bloomberg San Francisco APPLE Inc chief executive officer Tim Cook received compensation valued at US$9.22 million last year, more than double his pay in 2013, as optimism for new products pushed the iPhone maker’s stock to a record. The company
      Bloomberg  -  421 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Whisky and bourbon to bring cheer to global spirits market
      425 20 Vinexpo head says consumption of brown spirits will rise more than others by end-2018 Reuters Paris THE growing popularity of cocktails will drive consumption of brown spirits such as whisky and bourbon to rise more than other types of alcohol
      Reuters; PHOTOS: BLOOMBERG, SPH FILE  -  425 words
    • Article
      Lock icon Shoe chain Office nears £300m London listing: sources
      392 20 It will join other fashion brands that are listing shares such as upmarket shoe maker Jimmy Choo Reuters London BRITISH shoe chain Office is pressing ahead with an initial public offering that could value the private equity-backed company at around £300 million
      Reuters  -  392 words
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  • TRANSPORT
    • Article
      Lock icon Divers reach AirAsia plane fuselage
      427 21 4 more bodies recovered near wreckage but bad weather hampers further efforts to check inside for more victims AFP Reuters Pangkalan Bun INDONESIAN divers on Friday finally reached the fuselage of an AirAsia plane that crashed last month, an official said, as four more bodies
      AFP; Reuters  -  427 words
    • Article, Illustration
      Lock icon Ford setting up research & innovation hub in Silicon Valley
      467 21 Ford setting up research innovation hub in Silicon Valley Bloomberg San Francisco FORD Motor Co chief executive Mark Fields said the secondlargest US carmaker needs a presence in the heart of the technology industry to be a part of Northern California’s innovative culture. Mr Fields was in Palo Alto on
      Bloomberg; PHOTO: AFP  -  467 words
    • Article
      Lock icon Fuel cost savings at US carriers to hit billions
      448 21 Reuters New York US airlines on Thursday forecast enormous fuel savings in 2015 but hinted that ample consumer demand would allow them to avoid fare discounts and pass savings on to shareholders. Share prices rose across the industry after four airlines
      Reuters  -  448 words
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  • GOVERNMENT & ECONOMY
    • Article, Illustration
      Lock icon China factory activity shrinks again in Jan
      609 22 Banks’ bad debt ratio climbs to five-year high of 1.64% at the end of last year Reuters Beijing CHINA’S manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business,
      Reuters; PHOTO: AFP  -  609 words
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      Lock icon Greek reforms in balance as voters ponder left-wing turn
      615 22 AFP Athens GREECE on Sunday heads into a general election that could sweep the anti-austerity Syriza party to power and determine whether the country remains in the eurozone. After a six-year recession in which the national output shrank by a quarter,
      AFP; PHOTO: REUTERS  -  615 words
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      Lock icon BOJ may need to consider fresh options
      1328 23 Central bank can adjust monetary policy if further stimulus is needed, says Kuroda Bloomberg Tokyo BANK of Japan (BOJ) governor Haruhiko Kuroda said that central bankers around the world have no shortage of tools to address deflation risks and that in Japan, policymakers
      Bloomberg; PHOTO: AFP  -  1,328 words
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      Lock icon Sliding oil prices raise Malaysia’s default risk
      642 24 PM has widened fiscal deficit target and cut growth forecast after fuel fell below US$50 Bloomberg Kuala Lumpur MALAYSIA’S default risk is heading for the longest rising streak in a year after Prime Minister Najib Razak said that sliding oil prices mean the
      Bloomberg; PHOTO: BLOOMBERG  -  642 words
    • Article
      Lock icon Eurozone economy picks up in January but growth still weak
      515 24 AFP Brussels EUROZONE business activity picked up to a five-month high in January, a key survey showed on Friday, just the day after the European Central Bank announced a 1 trillion euro (S$1.5 trillion) economic stimulus package. Analysts said the
      AFP  -  515 words
    • Article
      Lock icon Bankers see QE plan squeezing profitability
      608 25 Deposit-taking and flow-franchise businesses expected to suffer Bloomberg Davos THE European Central Bank’s plan to spend at least 1.1 trillion euros (S$1.7 trillion) buying assets, including government bonds, may squeeze profitability, bank executives at the World Economic Forum said. Banks make money on the
      Bloomberg  -  608 words
    • Article
      Lock icon December existing home sales rise amid higher prices
      335 25 LATEST US DATA Bloomberg Reuters Washington PURCHASES of previously owned US homes rose less than forecast in December as higher prices limited sales to first-time buyers. Contract closings increased 2.4 per cent to a 5.04 million annual rate from a 4.92 million
      Bloomberg; Reuters  -  335 words
    • Article, Illustration
      Lock icon Jokowi calls for calm after arrest of country’s top graft buster
      378 25 AFP Jakarta INDONESIAN President Joko Widodo urged the national police and the country’s most powerful anti-graft agency to avoid “friction” after the arrest of a prominent corruption fighter sparked an outcry on Friday. The shock arrest of Bambang Widjojanto,
      AFP; PHOTO: AFP  -  378 words
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      54 23 HOT PROPERTY F'HOLD LUXURY PROJECT! Price cut. Lush landscape. Hallmark Res 3rm $2.79M+ Goodwood Res 3/4 rm fr $4.4M. YGK GARDENS AT Belmont 2067 sqft. 3+1 bedroom. Asking $3.7M. PARKVIEW ECLAT@ GRANGE rd. Prestigious living 4-rm attached bath+maid 3251sf APARTMENTS FOR SALE Check this and many other properties in The
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  • OPINION
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      Lock icon Restoring trust in the financial sector
      2490 26 / 27  -  Other than weaknesses in governance and control, there are deeper issues of ethics and culture that need to be addressed. By Ravi Menon By Ravi Menon ~The writer is managing director of the Monetary Authority of Singapore (MAS). This is the text of his
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  • Page 26 / 27 Miscellaneous
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  • Wealth28 | |
    • WEALTH INVESTING
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        Lock icon Swiss watch industry in shock
        1349 28 / 29  -  It exports more than 90% of its timepieces, making the scrapping of the franc to euro currency cap by the country’s central bank last week seem like a ‘tsunami’. By Raphael Minder and Victoria Gomelsky By Raphael Minder, Victoria Gomelsky NYT AT Geneva’s annual luxury
        NYT; PHOTO: REUTERS  -  1,349 words
      • BROKERS' TAKE
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          Lock icon Ascott Residence Trust (ART)
          135 28 / 29 Buy DBS Group Research, Jan 23 Target price S$1.37 Jan 23 close S$1.29 Q4 2014 distribution per unit (DPU) of 2.16 Singapore cents (+13 per cent y-o-y on normalised basis) in line with expectations. Uplift in DPU driven by as-set-enhancement initiatives (AEIs) and acquisitions. Medium-term upside
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          Lock icon Suntec Reit
          304 28 / 29  -  Compiled by Joyce Hooi Hold OCBC Investment Research, Jan 23 Target price S$1.86 Jan 23 close S$2.00 Q4 2014 distribution per unit (DPU) marginally up by 0.6 per cent y-o-y. Office segment outperforming retail. Management updated us that the committed occupancy for Phase 3 of Suntec City mall’s
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        Lock icon How China’s ‘new normal’ affects investors
        944 30 Beijing seems fine with slower growth and sees domestic demand as key to its economy NYT Hong Kong ON a tour of central Henan province last May, China’s president, Xi Jinping, first raised the notion of the economy adjusting to a “new normal”. Eight
        NYT; PHOTO: AFP  -  944 words
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  • LIFE & CULTURE
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      Lock icon Masking the face of masculinity with peel
      711 31 More Americans opt for the facial to treat various skin problems NYT New York TO prepare for important meetings, Robert Tomson, the owner of a women’s activewear company, has a secret weapon: an at-home two-step facial peel. “It’s a perfect little pick-me-up,” said
      NYT  -  711 words
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      Lock icon DreamWorks to cut movie production, fire 500 staff
      315 31 NYT Los Angeles DREAMWORKS Animation said on Thursday that it would reduce its movie output and lay off 500 employees, or roughly 19 per cent of its staff, a retrenchment that follows a string of box-office misfires and two failed merger attempts.
      NYT; PHOTO: TWENTIETH CENTURY FOX  -  315 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      306 31 CRYPTIC CROSSWORD Across 3 Schubert’s fifth, with someone teaching conductor (10) 8 Daft jokes about parking in capital (6) 9 Token appointment for a guide (8) 10 Everyone needs permission, OK? (3,5) 11 Tense certainly not going over border (2,4) 12 Mad as Humpty Dumpty in the end (3,3,4) 14
      306 words
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      113 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
      113 words