The Business Times, 15 December 2012

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Total Pages: 48
1 22 The Business Times
  • 14 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| DECEMBER 15-16, 2012 S$1.00| MICA (P) 075/08/2012
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  • 29 1 EMPLOYMENT THERE are now 125 openings for every 100 job-seekers. Interestingly, employment growth remained practically flat in the first nine months of the year. 2
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  • 38 1 JAPAN POLLS JAPAN is headed into a general election tomorrow which, if media polls prove accurate, could sweep the conservative Liberal Democratic Party and its New Komeito Party ally back into power. 6
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  • 29 1 CHINA ECONOMY CHINA’S manufacturing sector expanded in December at its fastest pace in 14 months as new orders and employment rose. 7
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  • 40 1 NTUC VIEW THE labour movement has rejected a call for workers of all nationalities to get the same pay for the same job, and recommended instead “fair and reasonable wages” for all. 17
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  • 1344 1  -  Upcoming land sales programme keeps a lid on total supply but ratchets up the ‘prime quotient’ By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE Ministry of National Development (MND) brought some joyous tidings with the announcement that it will release some plum sites for
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  • 449 1  -  By Samuel Ee samuelee@sph.com.sg Singapore THE man synonymous with the Lamborghini make here is expanding into the lifestyle business by taking on a luxury watch brand. Melvin Goh managing director of EuroSports Auto Group, which represents Lamborghini, Lotus and
    PHOTO: ARTHUR LEE  -  449 words
  • Page 1 Advertisements
    • 40 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION MINORU USUI, PRESIDENT OF SEIKO EPSON 10-11 CEOS’ HAWKER CHOICES Delicious nasi briyani L10-12 SHOW ME THE MONEY Do transport firms need to raise fares? 33 LIVING Bright Ideas for gifts L2 5
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  • TOP STORIES
    • MARKETS
      • 58 2 GSTI 3,168.43 (+11.88) GSTI FUTURES 3,163.00 (+12.00) GSIMSCI 359.44 (+1.66) GSIMSCI FUTURES 358.90 (+1.10) Friday Change KL COMP 1,651.98 -0.77 NIKKEI 225 9,737.56 -5.17 HANG SENG 22,605.98 +160.40 SET 1,358.50 +4.69 JAKARTA 4,308.86 -11.33 MANILA 5,707.11 -80.84 KOSPI 1,995.04 -7.73 SHENZHEN B 642.71 +18.04 MUMBAI IND 19,317.25 +87.99 11.00
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      • 28 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.699 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source:
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      • 48 2 US$ S$ US$ (S$ per US$) 1.221 (US$/S$ per 1.613 1.970 EURO(US$/S$/€) 1.311 1.601 Foreign currency per US$ S$ YEN 83.70 68.50 RM 3.055 2.501 HK$ 7.750 6.345 BAHT 30.64 25.08 RUPIAH 9,650 7,900 RENMINBI 6.246 5.113 INDIAN RUPEE 54.34 44.49 A$ 0.948 0.776 NZ$ 1.184 0.969
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    • 626 2  -  Increased openings, tighter rein over inflow of foreign workers reduce labour force By Chuang Peck Ming peckming@sph.com.sg Singapore REFLECTING the state of the job market, there are now 125 openings for every 100 job-seekers. Interestingly, employment growth remained practically flat in the first nine months
      626 words
    • 503 4  -  Private sector’s share was $4.6b, way above public sector’s $2.8b By Lynn Kan lynnkan@sph.com.sg Singapore SINGAPORE spent a record $7.4 billion on research and development activities last year, thanks to a surge in private-sector spending, particularly among foreign companies, the Agency
      Source:  -  503 words
    • 828 6  -  Being swept into power will give Abe’s party full rein to push through new policies By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN is headed into a general election tomorrow which, if media polls prove accurate, could sweep the conservative Liberal Democratic Party and its New
      PHOTO: AFP  -  828 words
    • 642 7 HSBC flash PMI for December rises to 50.9 for 5th straight monthly gain Reuters Beijing CHINA’S vast manufacturing sector expanded in December at its fastest pace in 14 months as new orders and employment rose, a survey showed yesterday, adding to evidence of a
      Reuters  -  642 words
  • Page 2 Advertisements
    • 63 2 CONTENTS LIVING Christmas L2-5 Dining L6-7 Design L8-9 CEOs’ Hawker Choices L10-12 Health L13 NEWS Top Stories 2-7 Week in Review 8 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 House Hunt
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  • Page 3 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 69 6 POWERPLUS GROUP INC., USA congratulates POWERPAC INTERNATIONAL for winning the Singapore Prestige Brand Award for the 2 nd consecutive year POWERPAC PAVING THE ROAD TO SOCCE r r 131 A wm. ■r r juii jjjs- -ft mn diD J 0WERPAC POWERPAC Singapore Brand Award 12 150 9001:2008 CERT NO 6S6472
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  • Page 7 Advertisements
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  • WEEK IN REVIEW
    • THIS WEEK December 10-14, 2012
      • 53 8 MORE gold will flow into Singapore next year following the establishment of a new gold refinery here. Gold scrap that had been shipped from South-east Asia to other countries with refining capabilities will now instead come here, Metalor Technologies country head Robert
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      • 60 8 BANK staff here should be happy if their 2012 bonus turns out similar to last year’s, while salary adjustments, if any, are unlikely to outpace this year’s 4 per cent-plus inflation, say consultants. This could mean zero bonuses which was the case for some
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      • 67 8 DBS Group Holdings is buying a 30 per cent stake in the building which houses its headquarters for over $1 billion to help manage its rental cost. The bank said that it was buying the interest in Marina Bay Financial Centre Tower
        67 words
      • 36 8 CALL it a face-lift for local small-and-medium enterprises. The company behind the Ginvera brand and scores of innovative shopping mall challenges has now caught the eye of Indian conglomerate Wipro Ltd.
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      • 72 8 TWO of Britain’s biggest banks have agreed to pay record fines totalling US$2.6 billion to settle money laundering allegations levelled by US authorities. But shareholders of HSBC and Standard Chartered seemed almost relieved the chapter was drawing to a close as, after falling initially,
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      • 58 8 SINGAPORE Airlines has offloaded an underperforming asset, booked a tidy gain and is refocusing on the high-growth markets in the Asia-Pa-cific region. Following weeks of speculation, the airline announced the sale of its 49 per cent stake in Richard Branson-controlled Virgin
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      • 53 8 SLOW growth and high inflation will continue into 2013 as Singapore presses on with restructuring towards productivity-driven growth, economists say. The 21 professional forecasters polled by the Monetary Authority of Singapore in November reported a dimmer economic outlook for both this year
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      • 40 8 MYANMAR may be Asia’s last frontier, an important missing link in a globalised roadmap. It presents investors a conundrum no less challenging than the China of old before trade liberalisation kicked in.
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      • 112 8 SPEAKER of Parliament and People’s Action Party MP Michael Palmer resigned on Wednesday after confessing to an extramarital affair, sparking speculation on whether a by-election will be called to fill his vacated Punggol East seat. The Workers’ Party, which garnered a 41 per cent vote
        PHOTO: JONATHAN CHOO/THE NEW PAPER  -  112 words
      • 67 8 THE hefty wage bill is now unavoidable. And the surging industrial property market has made it a perfect storm of high operational costs for industrialists here, market watchers say. Prices for industrial property have risen 27 per cent in the first nine months of
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      • 40 8 EUROPEAN Union finance ministers paved the way for a banking union by agreeing that the European Central Bank should become the eurozone’s banking supervisor. The deal was forged after marathon 14-hour talks.
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    • 71 8 US DATA Dec 17 Oct Treasury int’l capital Dec 18 Dec housing market index Dec 20 Q3 GDP figures Nov existing home sales Dec 21 Dec consumer sentiment SINGAPORE DATA Dec 17 Nov merchandise trade CHINA DATA Dec 18 Sept-Nov unemployment and underemployment statistics Dec 20
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  • Page 8 Miscellaneous
    • 358 8 CRYPTIC CROSSWORD Across 1 One in seven miners is retiring (7) 9 State induced by depression or trouble (8) 10 Sue is so proper (7) 11 Lump welcomes lunchtime he likes to fill his face (8) 12 Buffet with beer (6) 13 This gets carelessly misplaced perhaps too carelessly (10)
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    • 3 8 SATURDAY with Ludwig
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  • Page 9 Advertisements

  • THE RAFFLES CONVERSATION
    • 2186 10 / 11  -  Minoru Usui is rising to the challenge, seeking to leverage on Seiko Epson Corp’s core strengths in technology and high quality manufacturing to regain lost ground. By Amit Roy Choudhury amit@sph.com.sg YOU could say that Minoru Usui had his “Kodak moment” shortly before he took over his present
      YEN MENG JIIN  -  2,186 words

  • COMPANY NEWS
    • 954 12  -  Analyst estimates of SC Global’s revalued net asset value vary widely By Mindy Tan tanmindy@sph.com.sg ~Additional reporting by Felda Chay Singapore SC Global Developments’ shares rose 8.5 per cent yesterday on news that Wheelock Properties had raised its stake in the Simon
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    • 553 12  -  HOCK LOCK SIEW By Mindy Tan tanmindy@sph.com.sg Singapore ONCE seen as an ally, Wheelock Properties could now stand in the way of Simon Cheong’s plan to take SC Global private and, what some observers believe, escape paying millions in penalties under a recent
      553 words
    • 643 13  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THE trading week just past was one of those rare occasions when the Straits Times Index (S I) rose every day. hanks to signs of a China recovery and hopes of more money from the
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    • 304 13 Reuters Melbourne AUSTRALAND Property Group yesterday rejected an unsolicited offer from larger rival GPT Group to buy its most valuable assets, including the US$2.4 billion investment property portfolio, saying it did not provide a sufficient premium. Australand, a diversified property
      Reuters  -  304 words
    • 130 13 VOL CLOSE TT I ntl 196,463 17.8 3.0 20.3 ChinaTaisan 134,861 5.3 0.5 10.4 Contel 81,886 3.6 0.3 9.1 MDR W*****5 58,521 0.7 0.1 16.7 Foreland 56,207 5.1 1 .0 24.4 YHM 56,074 3.2 -0.1 -3.0 Rowsley 50,620 14.5 0.6 4.3 Noble Grp 45,415 1 1 5
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    • 108 13 Stock name Close Change CapMallsAsia 2.000 CapitaLand 3.760 +0.040 CapitaMall 2.120 +0.030 CityDev 12.920 +0.440 ComfortDelGro 1.790 +0.035 DBS Grp 14.930 +0.040 F&N 9.570 +0.050 GLP 2.790 +0.080 Genting SP 1.370 +0.025 Golden Agri 0.655 HK Land 6.900 IHH Healthcare 1.310 -0.005 JMH 62.100 +0.100 JSH 35.920 -0.680
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    • 63 13 BY CENTS CLOSE UP DBXT FTChina25 10US$ 2994 53.7 1.5 B Sembawang 680 50.0 7.9 DBXT CSI300 10US$ 772 45.2 5.0 CityDev 1292 44.0 3.5 Lyxor China H 10US$ 1482 35.4 2.0 STXPO 100 470 25.0 5.6 DBXT MSTHAI 10US$ 2026 23.2 0.9 Hotel Prop 287 19.0 7.1
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    • 57 13 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -208.8 -1.5 JSH 3592 -83.0 -1.9 IS S&P500 ***** -59.8 -0.3 Jardine C&C 4838 -43.0 -0.9 OCBC Bk 4.5%NCPS 100 ***** -25.0 -0.2 DBXT MSINDO 10us$ 1505 -24.4 -1.3 Vicom 480 -19.0 -3.8 CIMBAsean40 100US$ 1085 -12.2 -0.9 DBXT MSINDIA 10US$
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    • Business briefing
      • 97 13 Reuters MAPLETREE Investments Pte Ltd, a firm owned by Singapore investment company Temasek, has hired major investment banks to manage an initial public offering next year of a real estate investment trust (Reit) that would have only Chinese assets and raise
        Reuters  -  97 words
      • 34 13 KINTRAS Pte Ltd intends to make a voluntary unconditional cash offer for Kinergy Ltd at 25 cents a share, valuing the electronics company at $31.98 million.
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      • 43 13 CAPITALAND Ltd has sold its entire stake in Beijing Capita- Land Xin Ming Real Estate Development Co Ltd for 502 million yuan (S$97.5 million). The latter owns a residential site under development in Beijing’s Dong Cheng district.
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      • 33 13 SILVERLAKE Axis Ltd’s subsidiaries have secured three new software and services contracts and one ongoing software and services contract expansion totalling some RM135 million (S$54 million).
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      • 73 13 CHINA Environment Ltd said its wholly owned subsidiary, Fujian Dongyuan Environmental Protection Co Ltd, has secured a contract worth 54 million yuan (S$10.5 million) to design, construct and install three units of electrostatic precipitators for the inhouse thermal power plants of a non-ferrous
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    • 863 14  -  Founder wants to double bakery outlets there by 2014, saying challenges there aren’t as heavy as in S’pore and HK By Cai Haoxiang haoxiang@sph.com.sg Singapore IF BreadTalk can survive the cost challenges in highly saturated and competitive markets such as Singapore and
      863 words
    • 556 14 Reuters Singapore CASH-RICH Singapore Airlines is likely to need acquisitions or more partnerships as it reshapes its strategy to tap into the fast growing Asian markets and to counter stiff competition from Middle Eastern carriers. SIA’s cash pile stands at S$4.7 billion, and that
      Reuters  -  556 words
    • 524 15  -  By Ong Chor Hao ongch@sph.com.sg Singapore SHARES in TT International surged 20 per cent yesterday after the company said it had joined hands with two new partners to try to revive the stalled Big Box development in Jurong
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    • 387 15  -  US$809m buy will allow group to be more diversified By Angela Teng angeteng@sph.com.sg Singapore INVESTMENT holding company Gallant Venture in which Salim Group and Sembcorp Industries have respective stakes of 53.37 per cent and 23.92 per cent has entered into a conditional agreement to
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  • Page 14 Advertisements
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  • Page 15 Advertisements
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  • FROM THE DESK OF
    • 987 16  -  Asia’s buoyant growth and surge in connectivity have created a momentous shift in its demographics. The consequential impact on urban living in Asia is deep and far-reaching. FROM THE DESK OF Isami Wada Chairman, Sekisui House Ltd HAVING undergone a 50-year period of economic restructuring post
      987 words

  • SINGAPORE NEWS
    • 708 17  -  ‘Same job-equal pay’ rule will put local workers and families at a disadvantage By Ong Chor Hao ongch@sph.com.sg THE labour movement has rejected a call for workers of all nationalities to get the same pay for the same job, and recommended
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  708 words
    • 396 17  -  Excluding vehicle sales, retail sales grew 1.3% year-on-year By Nisha Ramchandani nishar@sph.com.sg RETAIL sales in October dipped one per cent from a year earlier, better than economists had expected, weighed down by weaker car sales. Stripping out vehicle sales, retail sales grew 1.3 per
      396 words
    • 380 17  -  Lee Yi Shyan gives his views after visit to Iskandar region By Chng Sze Ning csze n I ng@s p h .co m .sg THE willingness to redistribute production activities in a logical and proactive way would allow Singaporean companies to remain competitive and become more
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    • 475 18  -  New technology used for surveillance, upkeep of third rail support assemblies; customer service team more than triples to 700 people By Samuel Ee samuelee@sph.com.sg THE Land Transport Authority (LTA) and SMRT Corp yesterday gave a progress report on their efforts
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    • 542 18  -  Five in 10 companies intend to increase headcount next year, down from six in 10 this year: Mercer By Teo Hoong Chen teohgcn@sph.com.sg SALARY increases in Singapore have stabilised, with less variation across industries, said human resource firm
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  • Page 18 Advertisements
    • 55 18 BOC Aviation has a position open for a Human Resources Manager ARNEC has a vacancy for the position of Communications Officer Fitness First is recruiting a Marketing Executive KTC is hiring a Construction Manager Tanah Merah Country Club is looking for a Sports Recreation Executive Check out more than 400
      55 words

  • WORLD
    • 651 19 AFP Brussels EUROPEAN leaders doused hopes of a radical eurozone overhaul yesterday, after brokering deals to control banks and refloat Greece seen as adequate to stem the immediate crisis. The last EU summit of a year that saw Greece close to bankruptcy and
      AFP; PHOTO: AFP  -  651 words
    • Briefing
      • 122 19 AP Beijing China has provided the United Nations with detailed claims to waters in the East China Sea, apparently padding out its legal argument in an ongoing territorial dispute with Japan. The Foreign Ministry says it submitted documents yesterday claiming waters extending beyond its
        AP  -  122 words
      • 94 19 NYT Hong Kong China’s new leadership is preparing to introduce bank deposit insurance as the first step in financial reforms to be started soon at a top-level meeting in Beijing, a government official and banking policy advisers said. A consensus has formed among China’s leaders
        NYT  -  94 words
      • 74 19 NYT New York Yahoo has announced a number of changes to its board, including the addition of Max Levchin, a co-founder of PayPal. It also said two directors were stepping down: Intuit CEO Brad Smith and Weather Channel CEO David Kenny. Yahoo’s latest board changes signal
        NYT  -  74 words
    • 577 19 Some year-end cheer in sight as oil prices spiral downwards, keeping inflation at bay LATEST US DATA Bloomberg AP Washington THE cost of living fell more than forecast in November as energy prices dropped, a sign US inflation remains in check. Also
      Bloomberg; AP  -  577 words
    • 470 20 It will give countries right to access international telecoms services and ability to block spam, among others Bloomberg Dubai AN agreement to update 24-year-old United Nations telecommunications rules was approved against the opposition of countries including the United States and the UK, whose
      Bloomberg  -  470 words
    • 571 20 AFP New York NORTH America’s shale oil and gas boom has shifted the balance in global energy markets, giving the United States and Canada new leverage as exporters, despite the Middle East retaining a pivotal role. While Canada has long been a major
      AFP; PHOTO: DEMOTIX  -  571 words
    • 600 21 Move could boost demand for stocks, says HKMA Bloomberg Hong Kong CHINA may relax or abolish a rule that requires Renminbi Qualified Foreign Institutional Investors (RQFII) to keep most of their funds in bonds, according to the Hong Kong Monetary Authority (HKMA), a
      Bloomberg  -  600 words
    • 487 21 Bloomberg Jakarta INDONESIA’S central bank plans to begin redenominating the rupiah in 2014 to simplify payments in a nation that has Asia’s sec-ond-highest denominated note. The proposal requires parliamentary approval and each unit of the new currency would equate to 1,000 of
      Bloomberg; PHOTO: BLOOMBERG  -  487 words
    • 397 21 Reuters New Delhi INDIA’S wholesale inflation cooled to its weakest pace in 10 months in November a positive sign for the struggling economy but probably not a big enough slowdown to persuade the central bank to cut interest
      Reuters  -  397 words
    • 592 22 Credit ratings agency cites weak economic growth and worsening debt profile Bloomberg London STANDARD Poor’s (S&P) has lowered its outlook on Britain’s top credit rating to negative, citing weak economic growth and a worsening debt profile. The outlook on the AAA grade, revised from
      Bloomberg  -  592 words
    • 760 22 Reuters Hong Kong MOVE over Lafite, the mighty Barolo is here. That’s what Italian winemakers are telling their French colleagues who have, in the years of China’s ascent to economic prosperity, dominated the Chinese market with their Bordeaux and Burgundy vintages. Marchesi
      Reuters  -  760 words

  • Page 20 Advertisements
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  • Page 22 Advertisements
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  • 8223 23 Transaction date: Dec 14 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14.3 11.4 8Telecom 13 +0.3 32 13 13 13 18 66.8 0.4 3.1 62.3 6 3 A-Sonic 3.2 unch 20 3.2 3.2
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  • 1792 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12.2 t 800 Super 19.2 -0.3 30 19.2 19.2 19 19.5 3.3 5.2 5.7 34.3 4 3 t AA Grp 3.1 2.6 3.8 3
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  • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 4 3 0 0 0 10 4 3 Manufacturing 71 36 43 9 4 10 80 40 53 Commerce 29 23 15 3 2 2 32 25 17 Tpt/Stor/Comms 18 10 10
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  • 781 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 10 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) SC Global 13-Dec-12 Chong Sae Peng *Buy 26 1.80 *****4 60.74 *****0 60.74 ABR Hldgs 12-Dec-12 Ang
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  • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 45,902 45,902 77,546 77,546 Manufacturing 613,257 105,078 718,335 190,935 1,916 192,851 Commerce 419,813 55,594 475,407 194,365 2,520 196,885 Tpt/Stor/Comms 94,439 16,020 110,459 148,261 4,908 153,169 Finance 22,112 944 23,056 108,781 374 109,154 Construction 59,045 77,234
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  • MARKETS
    • 79 27 Dec 13 COCOA (£/tonne) Close Prev High/Low Mar 13 1530 1547 1540/1516 May 13 1536 1554 1549/1524 Jul 13 1543 1559 1550/1530 Sep 13 1549 1566 1558/1537 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1929 1897 1935/1889 Mar 13 1892 1890 1905/1881 May 13 1899 1898 1911/1890 Jul 13 1910
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    • 67 27 Dec 14 GOLD(US$/oz) Dec 14 Dec 13 Hong Kong 1708.00 1706.00 Dec 13 Dec 12 London 1696.24 1710.86 1697.46 1711.73 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 40.24 39.59 Source: UOB PLATINUM Lon (US$/oz) Dec 13 Close Previous PM Fix 1607.00 1639.00 AM Fix 1618.00 1640.00 Source:
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    • 57 27 Dec 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2100.0 2042.0 2100.0 2100.0 80 1427 Jan 13 2153.0 2142.0 2195.0 2153.0 1737 ***** Feb 13 2232.0 2230.0 2285.0 2232.0 ***** ***** Mar 13 2303.0 2303.0
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    • 88 27 Dec 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 14-Mar-13 0.24 6-Month BS*****X 13-Jun-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.97 5-Year N*****0Z 2.375 01-Apr-17 108.63
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    • 154 27 Dec 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2883 1.2896 1.0552 1.0554 Canadian dollar 1.2411 1.2428 1.0171 1.0166 Euro 1.6002 1.6017 1.3107 1.3108 NZ dollar 1.0314 1.0325 0.8448 0.8450 Sterling pound 1.9696 1.9713 1.6132 1.6133
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    • 94 27 As on 13 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1703.50 1691.70 1697.10 INDIA GOLD (E-GOLD) FUT FEB2013 570.90 566.80 568.20 CURRENCY EUR-USD FUT DEC2012 1.3100 1.3057 1.3072 BASE METAL COPPER FUT MAR2013 8124 8074 8072 INDEX IRON ORE (MBIO) IDX
      94 words
    • 103 27 Dec 13 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 13 1476.50 1473.50 1490.00 1465.00 Mar 13 1472.50 1470.50 1485.25 1462.25 May 13 1456.50 1455.00 1467.00 1447.50 Jul 13 1439.25 1440.75 1450.50 1434.25 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 48.62 49.18 49.40 48.67
      103 words
    • 68 27 Dec 13 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.76 -0.42 WTI (Near Mth) 86.09 -0.73 Dubai (1-Mth F) 103.96 0.46 Tapis blend 114.27 0.71 Minas 107.55 0.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.61 -0.95 Jet Kerosene 123.91 0.98 US$/barrel OpecOil Basket Price 106.01
      68 words
    • 111 27 Dec 14 ITT|. loan ..<rr-ti UillMJU 3M r.ic;. inky IJT1 }2i. C21I cdlar 1 J6° lilfi turn t-'vK Slffmg HiJ'd ZOOS uga i/Z iMUr I Do z nap U5 6ok>' 1JU3 T-.IW. r- i •'•“I —i'-r-^ -w.J t#m Ml O* rarmn'tl to3it 19 301 Bacilli iTiflur
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    • 69 27 Dec 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2132.75 2141.25 3 months 2126.00 2140.00 Copper, Grade A (US$/tonne) Cash 8052.00 8105.25 3 months 8074.00 8130.00 Lead (US$/tonne) Cash 2289.00 2305.00 3 months 2303.00 2321.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 373 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 13 Index Change Change Change Change Change Change World Preliminary 930.7 -0.2 12.2 -0.2 5.8 -0.2 12.5 EAFE Preliminary 762.9 0.0 11.8 0.0 5.5 0.0 12.1 Europe Preliminary 1148.8 -0.3 11.9
      373 words
    • Article, Illustration
      107 27 Straits Times Index YTD change:+19.73% 52-week high: 3,168.43 on Dec 13,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change: +22.63% 52-week high: 22,636.43 on Dec 13,2012 52-week low: 17,821.52 on Dec 19,2011 Source: Bloomberg Nikkei 225 YTD change:+15.16% 52-week high: 10,255.15 on Mar
      Source: Bloomberg  -  107 words

  • PERSPECTIVE
    • 971 28 / 29  -  The French hypermarket chain faced hurdles in attracting customers with its one-stop shopping proposition. By Trichy Krishnan By Trichy Krishnan AFTER 15 years hoping to crack the local retail scene, French hypermarket chain Carrefour closed shop in Singapore this year. The mega-retail-er ranking number two
      FILE PHOTO  -  971 words
    • 875 28 / 29  -  Leon Hadar Washington correspondent WITH interest rates being kept at zero for the past four years and coupled with a growing sense that the US central bank’s ability to pursue more quantitative easing may have reached its limits, investors and journalists have
      875 words

  • Wealth
    • WEALTH INVESTING
      • 1807 30 / 31  -  The worst fears weren’t realised, and cautious optimism is in order again for 2013. Growth assets are likely to continue to do well but the returns from bonds are likely to be limited WEALTH INSIGHTS Shane Oliver AMP Capital Investors THE
        STOCK.XCHNG  -  1,807 words
      • 743 30 / 31  -  Compiled by Cai Haoxiang Healthcare Reits NEUTRAL OCBC Investment Research Dec 14 THE S-Reits sector has been a standout performer in 2012 (+34.5 per cent YTD), buoyed by the “yield compression” theory in light of the current low interest rate environment. Unsurprisingly, healthcare Reits have also delivered strong
        743 words
      • 1059 32 Despite simmering stalemate, they are betting lawmakers will do something to reach a last-minute agreement AP New York WASHINGTON wonders what will happen. Wall Street thinks it already knows. Politicians remain locked in a rancorous debate over impending tax increases and spending cuts, and it
        AP; PHOTOS: AFP, REUTERS  -  1,059 words
      • 1049 33  -  Going by their financials, both SMRT and ComfortDelGro look able to fund higher salaries internally show me the money Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder LAST week, we looked at some financials and did some analysis on
        1,049 words
    • WEALTH REAL ESTATE
      • 254 34 Q3 home prices in Spain in biggest drop yet 15.2% Bloomberg Madrid SPANISH home prices fell the most on record in the third quarter as the euro area’s fourth-largest economy continued to shrink and a reduction in mortgage lending crimped demand for property. The average price of houses and apartments
        Bloomberg  -  254 words
      • 735 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 14 AND 20, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 15/11/2012 99 484 1288 2659 V On Shenton Apt 15/11/2012 99 484
        735 words
      • 966 35  -  URA says it seeks to ensure good distribution of sites across the island to cater to range of budgets and lifestyles By Kalpana Rashiwala kalpana@sph.com.sg Singapore RELEASING sites in the Central Region will bring more live-in population nearer to the city
        966 words





  • Page 36 Advertisements
    • 122 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. AN EVOLUTION OF THE RULE BREAKING AUDEMARS PIQUET ROYAL OAK LUXURY SPORTS WATCH, THE ROYAL OAK OFFSHORE POSESSES A DRAMATIC AND PURPOSEFUL AESTHETIC THAT TURNS FUNCTIONAL ELEMENTS INTO ICONIC DESIGN FEATURES. AT 44 MILLIMETRES DIAMETER, THE OFFSHORE COMMANDS A UNIQUE PRESENCE,
      122 words

  • Page 1 Advertisements
    • 64 1 LivingBTTHE BUSINESS TIMES WEEKEND DECEMBER 15 16, 2012 BRIGHT IDEAS Singapore personalities shed light on what they'll be gifting loved ones this year. L2-5 KITCHEN ESSENTIALS For the chef who has everything L6-7 DESIGN On home ground L8-9 NO HOLDS BARRED Messi, Superman of football L16 CEOs HAWKER CHOICES 2012
      64 words

  • BT Living
    • CHRISTMAS
      • Article, Illustration
        2603 2 / 3  -  Stumped when it comes to this time of year? Take a leaf from these gift lists. By Debbie Yong, Tay Suan Chiang, Dylan Tan Christopher Lim BRUNO MENARD EXECUTIVE CHEF, DELICIAE HOSPITALITY GROUP When it comes to Christmas gifts, Bruno Menard admits he’s quite the last minute shopper.
        2,603 words
      • 1498 6 / 7  -  What to get for the aspiring chef who has everything. By Debbie Yong, Jaime Ee Yaylabs! Ice Cream Ball Make your own ice-cream and have a ball, literally, while you’re at it. Just add ice, rock salt, cream and anything you can think of fresh fruit, instant coffee,
        1,498 words
    • DESIGN
      • 1197 8 / 9  -  Retailers team up with edgy indie design collectives to give local furniture designs a much-needed facelift. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg I F you’ve been avoiding locally designed furniture because of your inherent biases, it’s time to take a second look. More
        1,197 words
    • CEOS' HAWKER CHOICES 2012
      • Article, Illustration
        2539 10 / 11  -  There’s nothing like a plate of nasi briyani to hit the spot. The dish, said to have come from Persia centuries ago, is so popular that it has spawned a local variation. Here are the top five as voted by the panellists of BT/Knight Frank CEOs’ Hawker Choices
        PHOTOS: DEBBIE YONG; own.PHOTO: NATALIE KOH; PHOTO: CHRISTOPHER CHIEN; PHOTOS: TAY SUAN CHIANG  -  2,539 words
      • Article, Illustration
        519 12  -  By Tan Teck Heng btnews@sph.com.sg Lim Tian Wee Managing Director Gryphon Tea Company LIM Tian Wee wonders why his friends feel the need to rack their brains for fancy restaurants when they ask him out to lunch. “I don’t understand, I eat everything!” says the managing
        PHOTO: CHRISTOPHER CHIEN  -  519 words
    • HEALTH
      • 999 13  - The nitty-gritty of diet exercise Bottom line, they help stave off chronic diseases, minimise ravages on our bodies. By Chong Yeh Woei WHY do we need to exercise and diet? For that matter, why do doctors keep telling their patients to exercise and diet? e all know both are good
        PHOTO: AFP  -  999 words
    • HOME & GARDEN
      • 1108 14 / 15  -  This couple, with 4 kids in tow, is adamant about not chasing after what is popular. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg WITH its chic interiors, this home looks like one created and inhabited by folks with an eye for classy
        ALL PHOTOS BY YEN MENG JIIN  -  1,108 words
    • SPORTS
      • 667 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent SUPERMAN is known to most as a strapping hunk who wears blue spandex, red underwear on the outside and a giant cape on his back. In the football world, however, its version of the modern-day Superman is a
        PHOTO: REUTERS  -  667 words
      • 592 16  -  kick off with andrew Jeci I REMEMBER, as a child, attending a football match between Tottenham and Chelsea. It was during the dark days of football hooliganism in England, and I stood and watched as two sections of rival supporters took to the field before
        592 words
    • GOLF
      • 716 17 The 2014 captain hopes to recapture the magic of his 1993 stint for the US team, which has lost 7 Ryder Cups NYT THE PGA of America on Thursday named Tom Watson the captain of the US Ryder Cup team for the 2014 event at
        NYT; PHOTOS: AFP, AP  -  716 words
    • MOTORING
      • Article, Illustration
        590 18 / 19  -  It’s Christmas time again and instead of the usual boring presents, how about some gifts that will ‘wow’ the automotive enthusiast? By Samuel Ee By Samuel Ee samuelee@sph.com.sg BMW Kidsbike Price: S$493.25 More than just a Beemer for children, the BMW Kidsbike can help kids learn how to
        590 words
      • 518 20  -  The new Audi Q5 gets more chrome and more power, yet is more frugal and eco-friendly. By Samuel Ee samuelee@sph.com.sg MORE than three years after it “crossover-ed” onto the Singapore scene, the Audi Q5 has received a major makeover. The premium SUV with the four rings gets more
        518 words

  • Page 4 / 5 Advertisements
    • 809 4 / 5 wine&dine with BTWeekend AquaMarine Level 4, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1111 An International Festive Affair Dec 1 to 23, Dec 26 to 29, 2012 Celebrate this festive month with an array of luscious International festive feast! Our award-winning Chefs have prepared exciting new dishes that the whole
      809 words



  • Page 10 / 11 Advertisements
    • 92 10 / 11 INTERNATIONALLY KNOWN LOCALLY LOVED Knight Frank Knight Frank’s Investment Team provides services encompassing land/redevelopment sites for sale, building sales for different asset classes and strata sales for strata retail, offices and shophouses. Our dedicated and experienced team of professionals are well placed to guide you through the investment decision-making process
      92 words


  • Page 13 Advertisements
    • 258 13 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
      258 words

  • Page 14 / 15 Advertisements





  • Page 21 Advertisements
    • 12 21 CHANEL FINE JEWELLERY V I v r i >L *y i .J
      12 words
    • 55 21 iveekend THE BUSINESS TIMES www.businesstimes.com.sg December is-i 6, 2012 SS1.00 mica(P)075/08/2012 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CHANEL FINE JEWELLERY i r rf** A A ,v v V I ■V■V MB i L>'j t -V R* A A M i R w A c*; u COILEOTIQN »i ..iJSia? fiS TAKASHIMAYA
      55 words

  • Page 22 Advertisements
    • 104 22 1932 COLLECTION In November 1932, Gabrielle Chanel presented her first High Jewellery Collection "Bijoux de Diomanls" in Paris. Today, CHANEL celebrates the 80th anniversary of this premiere collection by revisiting all of Mademoiselle's themes (comets, ribbons, fringe...), through 80 new exceptional pieces that showcase CHANEL High Jewellery creativity and savoir-faire.
      104 words
    • 122 22 V3T> WLi A i ft v iC JO r V m Su> V 'is? ff rv Pr: Varfolfon on me Constellation du lion theme. A sculpted rock crystal lion protects a delicate star set with a round cut diamond. 2*»\ ■jA r A Mi o. m /i B Mademoiselle was
      122 words