SGX’s new rule: clarity needed

SGX’s new rule: clarity needed

Business Times

18 Mar 2014

Michelle Quah

THE Singapore Exchange’s (SGX) recent attempt to enhance its regulatory might was put to its first major test this past week, when Temasek Holdings made an offer for Olam International. The jury is still out on how effective SGX’s new rule is, but the incident has definitely highlighted its practical issues. Read more of this post

The Art of Collaboration vs The Art of War; When Chinese Admiral Zheng He set sail on his seven voyages, he had at his command the largest and most powerful naval fleet ever seen

The Art of Collaboration vs The Art of War

By: Think Business Editor
Wednesday, 12 March 2014 00:00 | Be the first to comment

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When Chinese Admiral Zheng He set sail on his seven voyages, he had at his command the largest and most powerful naval fleet ever seen.
With such a force at his disposal – backed by the might of the Ming imperial throne – he could easily have used it as a tool of conquest and subjugation. Instead, he used this strength as the basis for building a network of partnerships and peaceful cooperation. Read more of this post

Malaysia should export more value, not just goods

18 March 2014| last updated at 11:37PM

Malaysia should export more value, not just goods

By Firdaos Rosli
THE media release of Malaysia’s Trade Performance 2013 highlighted many important achievements but only one that caught my eye — where it says: “despite imports outpacing exports, Malaysia still enjoyed a positive trade balance”. Read more of this post

Space rock craze hits South Korea after meteor shower

18 March 2014| last updated at 01:09PM

Space rock craze hits South Korea after meteor shower

SEOUL: A corner of South Korea is in the grip of a frenzied hunt for valuable space souvenirs, following a rare meteor shower there last week. Read more of this post

Malaysia to become MRO hub in Asia Pacific

18 March 2014| last updated at 01:33AM

Malaysia to become MRO hub in Asia Pacific

By AHMAD KAMARUL YUNUS | bt@mediaprima.com.my
MILESTONE: SR Technics’ Shah Alam facility equipped to handle labour-intensive repairs

SR Technics has moved a step closer to making Malaysia its hub for maintenance, repair and overhaul (MRO) activities in the Asia-Pacific region with the commencement of its latest facility in Shah Alam in January. Read more of this post

Technocrats the way to go in politics; Political considerations have not served Indonesians well in several sectors, and capable and honest administrators are needed

Updated: Tuesday March 18, 2014 MYT 10:42:13 AM

Technocrats the way to go in politics

BY KARIM RASLAN

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Gita Wirjawan

Political considerations have not served Indonesians well in several sectors, and capable and honest administrators are needed.

ON Jan 31, 2014, Gita Wirjawan, who was Indonesia’s Trade Minister, surprised everyone by resigning from his Cabinet post in order to concentrate on his nascent political career. Read more of this post

Two ‘kampung boys’ vie for the big shoes left behind by former Sarawak chief minister Tan Sri Abdul Taib Mahmud

Updated: Tuesday March 18, 2014 MYT 7:32:33 AM

Embracing the spirit of diversity

BY JOCELINE TAN

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Muhyiddin (right) greeting BN candidate Yussibnosh Balo during nomination day for the Balingian by-election. – ZULAZHAR SHEBLEE / THE STAR

Two ‘kampung boys’ vie for the big shoes left behind by former Sarawak chief minister Tan Sri Abdul Taib Mahmud. Read more of this post

Question your sources of information

Updated: Tuesday March 18, 2014 MYT 12:14:39 PM

Question your sources of information

BY NORLIN WAN MUSA

When I was small, my parents used to drag me to all kinds of kenduri (feasts) by relatives, family friends and neighbours. My siblings and I often attended loads of ceremonies celebrating significant life events like weddings and the birth of a newborn. Read more of this post

Indonesian banks seen as less attractive due to shareholding restrictions

Updated: Tuesday March 18, 2014 MYT 6:59:17 AM

Indonesian banks seen as less attractive due to shareholding restrictions

BY DALJIT DHESI

PETALING JAYA: Banks in Indonesia are becoming less attractive to Malaysian financial institutions because of ownership restrictions. Read more of this post

Malaysia’s MRT Line 2 excites market, but contract awards may be a year away

Updated: Tuesday March 18, 2014 MYT 6:26:52 AM

MRT Line 2 excites market, but contract awards may be a year away

BY NG BEI SHAN

PETALING JAYA: News that the second line of the Mass Rapid Transit (MRT) has been approved excites the market, with big-cap construction stocks making notable gains. Read more of this post

Malaysia’s MRT Line 2 excites market, but contract awards may be a year away

Updated: Tuesday March 18, 2014 MYT 6:26:52 AM

MRT Line 2 excites market, but contract awards may be a year away

BY NG BEI SHAN

PETALING JAYA: News that the second line of the Mass Rapid Transit (MRT) has been approved excites the market, with big-cap construction stocks making notable gains. Read more of this post

From Youtiao dough fritter pushcart to 20-outlet franchise chain

From pushcart to franchise chain

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By Jessica Lim

MyPaper

Wednesday, Mar 12, 2014

It all began with a pushcart in the 1920s. Read more of this post

Wider access for retail investors in M’sia, Thailand and S’pore

Updated: Tuesday March 18, 2014 MYT 6:11:38 AM

Wider access for retail investors in M’sia, Thailand and S’pore

BY DANIEL KHOO

KUALA LUMPUR: Retail investors in Malaysia, Singapore and Thailand will have access to a wider pool of investment products with the implementation of cross-border fund offerings in the region expected to happen by the third quarter of this year. Read more of this post

Time spent on digital media to overtake TV

March 17, 2014 7:00 pm

Time spent on digital media to overtake TV

By Robert Cookson, Digital Media Correspondent

The amount of time UK adults spend accessing digital media is forecast to surpass hours spent watching television for the first time this year – reflecting big changes in consumer habits. Read more of this post

‘One size fits all’ marketing by global companies fails in Africa

March 16, 2014 1:08 pm

‘One size fits all’ marketing by global companies fails in Africa

By Katrina Manson in Nairobi

When a television advertising campaign promoting Indian mobile phone company Bharti Airtel in Africa fell flat a few years ago, the marketers went back into the cutting room to work out why. Read more of this post

UK supply chain keeps Formula One on track; The supply chain – often very small companies working to short lead times – provides teams with specialist manufacturing capability they do not have in-house

March 17, 2014 8:30 pm

UK supply chain keeps Formula One on track

By John Murray Brown

As the chequered flag went down on Australia’s Grand Prix on Sunday, hundreds of small UK engineering companies breathed more easily as this year’s new engine rules failed to produce the multiple breakdowns some had predicted. Read more of this post

John Lewis lauded for caring capitalism

March 17, 2014 7:03 pm

John Lewis lauded for caring capitalism

By Andrea Felsted, Senior Retail Correspondent

When it comes to the mutual model, one of the most successful examples is in retail.

The John Lewis Partnership, which owns John Lewis department stores and Waitrose supermarkets, has been lauded as both a successful retailer and a model for caring capitalism. Read more of this post

Twitter’s Costolo in China fact-finding visit; Mr Costolo will meet Shanghai government officials on his first trip to China, where the San Francisco-based messaging site has been banned since 2009

March 17, 2014 5:35 am

Twitter’s Costolo in China fact-finding visit

By Hannah Kuchler in San Francisco

One of Silicon Valley’s most prominent chief executives embarked on a pilgrimage to China on Monday, highlighting the increasing importance of the country’s large and vibrant internet sector. Read more of this post

YouTube taps fast-growing Saudi Arabia interest; Google-owned video network to develop more Arabic content

March 17, 2014 12:29 pm

YouTube taps fast-growing Saudi Arabia interest

By Simeon Kerr in Dubai

Google has launched a campaign to develop online videos in the fast-growing market of Saudi Arabia, where residents watch more hours of YouTube content per capita than anywhere else in the world. Read more of this post

China bond default has positive effect on local government groups

March 17, 2014 3:15 pm

China bond default has positive effect on local government groups

By Simon Rabinovitch in Shanghai

It looks like a colossal accident waiting to happen: China’s first true bond default has laid bare the country’s financial risks just as $400bn in debt comes due this year for cash-strapped local governments. Read more of this post

Corporate storytellers are best left on the shelf; What starts as a way to guide and motivate people becomes a plot from which bosses cannot escape

March 17, 2014 4:17 pm

Corporate storytellers are best left on the shelf

By Andrew Hill

What starts as a way to guide and motivate people becomes a plot from which bosses cannot escape

Once upon a time, a worried manager realised staff were ignoring his instructions. He paid a handsome fee to sages and soothsayers, who advised him to use a compelling tale to season the facts and figures he wanted his team to digest. And so, business storytelling was born and spread throughout the land. Read more of this post

Start-ups with an Apple flavour

March 17, 2014 4:23 pm

Start-ups with an Apple flavour

By Tim Bradshaw

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Tim Bucher, who worked on Macintosh engineering at Apple, is about to start selling Lyve, his online storage system

Steve Jobs hurled many abusive names at Andy Grignon during his six years at Apple. Mr Grignon internalised the criticism to such an extent that he even had one particularly offensive name printed on his business card there. Read more of this post

The ice-cream cone, one of the most brilliantly designed products in history, is losing its battle with the boring tub

March 17, 2014 6:24 pm

Save the cone

By Brian Groom

How can this happen? The ice-cream cone, one of the most brilliantly designed products in history, is losing its battle with the boring tub. According to Kantar Worldpanel, sales of cones or cornets in the UK fell 5.5 per cent last year despite a 6.9 per cent rise in overall ice-cream sales. Tubs of luxury ice cream to be eaten at home are leading the market. Read more of this post

The sun never sets on Eton’s empire; Controversy over the school reflects the increasing polarisation between rich and poor

March 17, 2014 6:24 pm

The sun never sets on Eton’s empire

By Brian Groom

Controversy over the school reflects the increasing polarisation between rich and poor

In class-conscious Britain no word has such resonance as “Eton”. Old Etonian actor Dominic West, star of US television series The Wire, once said that being a former pupil of the world’s most famous fee-paying boys’ boarding school carried “a stigma that is slightly above ‘paedophile’ in the media in a gallery of infamy”. Read more of this post

How wars can be started by history textbooks; The imposition of an authorised version of events turns education into brainwashing

Last updated: March 17, 2014 6:32 pm

How wars can be started by history textbooks

By Gideon Rachman

The imposition of an authorised version of events turns education into brainwashing

image002-9©Ingram Pinn

When political leaders start rewriting the past, you should fear for the future. In Russia, Hungary, Japan and China, recent politically sponsored efforts to change history textbooks were warning signs of rising nationalism. Read more of this post

Just Eat, the online takeaway food service, is expected to achieve a valuation in the range of £700m to £900m

Last updated: March 17, 2014 8:28 pm

Just Eat joins growing queue of London IPOs

By Andy Sharman and Sally Davies

Just Eat has confirmed its intention to join the swelling ranks of companies lining up to float in London.

The online takeaway food service, which is expected to achieve a valuation in the range of £700m to £900m, on Monday said it planned to raise £100m and list on either the main market or the London Stock Exchange’s High Growth Segment, designed to lure entrants from the capital’s flourishing start-up scene. Read more of this post

China admits its ills but faces an unpalatable cure

March 17, 2014 6:13 pm

China admits its ills but faces an unpalatable cure

By Minxin Pei

Beijing can either prop up ailing borrowers or allow them to fail, writes Minxin Pei

Finally, Chinese leaders have admitted what the market has been saying for some time: defaults by Chinese borrowers are all but inevitable, possibly on a significant scale. Responding to questions at a news conference last week, Li Keqiang, the Chinese premier, admitted that “isolated cases of default will be unavoidable”. Read more of this post

How the universe cast its oldest light on its oldest secret; Scientists offer clues to how the Big Bang made something out of nothing

March 17, 2014 6:37 pm

How the universe cast its oldest light on its oldest secret

By Anjana Ahuja

Scientists offer clues to how the Big Bang made something out of nothing, writes Anjana Ahuja

Fourteen billion years ago, within a monstrously energetic, infinitesimally small fraction of a second, nothingness exploded into everything. For decades, scientists have been scouring deep space for gravitational echoes of the Big Bang, in an attempt to prove key features of the only credible explanation for the origin of the universe. Read more of this post

Low-priced fashion retailer Forever 21 Inc. opened its first store in Brazil this past weekend, causing a stir among the country’s price-sensitive shoppers who lined up for seven hours to buy $4 tank tops

In Brazil, the Long Wait for Fast Fashion

LORETTA CHAO

Updated March 17, 2014 7:52 p.m. ET

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Hundreds of shoppers waited to enter Brazil’s first Forever 21 store. Loretta Choa/The Wall Street Journal

SÃO PAULO, Brazil—Low-priced fashion retailer Forever 21 Inc. opened its first store in Brazil this past weekend, causing a stir among the country’s price-sensitive shoppers who lined up for seven hours to buy $4 tank tops and other trendy items priced far below competitors. Read more of this post

‘Knowledge and Power’ by George Gilder; Economists as far back as Adam Smith have undervalued entrepreneurs-the restless, inventive, job-creating engines of the economy

Book Review: ‘Knowledge and Power’ by George Gilder

Economists as far back as Adam Smith have undervalued entrepreneurs—the restless, inventive, job-creating engines of the economy.

MATTHEW REES

March 17, 2014 7:50 p.m. ET

Businesses can succeed in two ways. They can improve upon the stock of existing goods and services, or they can offer something new and different. The second course creates more value but faces more obstacles, as Henry Ford is said to have put it: “If I had listened to my customers, I would have built a faster horse.” Steve Jobs said something similar decades later: “It’s really hard to design products by focus groups. A lot of times, people don’t know what they want until you show it to them.” Read more of this post