The Business Times, 3 January 2013
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2013-01-03
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The Business Times
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Title Section25 2013-01-03 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, January 3, 201325 words
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705 2013-01-03 1 ANNA TEO - Growth seen staying muted due to both external, domestic factors By ANNA TEO [SINGAPORE] The muchtouted technical recession did not materialise after all, even though fears of one continue to linger. Defying expectations, flash estimates show that the economy grew 1.8705 words
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MARKETS DIGEST
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Article65 2013-01-03 1 GST INDEX 3,201.74 (+34.66) GST INDEX FUTURES 3,202.00 (+35.00) GSIMSCI 363.24 (+3.94) GSIMSCI FUTURES 363.20 (+3.10) US$ S$ US$ (S$ per US$) 1.221 (US$/S$ per 1.632 1.992 EURO (US$/S$/€) 1.327 1.620 Foreign currency per US$ S$ YEN 87.20 71.40 RM 3.037 2.488 HK$ 7.752 6.351 BAHT 30.38 24.89 RUPIAH65 words
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Article46 2013-01-03 1 Wednesday Change KL COMP 1,674.72 -14.23 NIKKEI 225 Closed HANG SENG 23,311.98 +655.06 SET INDEX 1,407.45 +15.52 JAKARTA COMP 4,346.48 +29.79 MANILA COMP 5,860.99 +48.26 SEOUL COMP 2,031.10 +34.05 SHENZHEN B Closed MUMBAI IND 19,714.24 +133.43 11am EST Change DOW 13,348.89 +244.75 NASDAQ 3,090.25 +70.7446 words
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Article20 2013-01-03 1 SINGAPORE 5.38 HONG KONG 6.55 HONGKONG 5.00 INDONESIA 14.144 BRITAIN 5 036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg20 words
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Article, Illustration900 2013-01-03 1 LEON HADAR - By LEON HADAR in Washington THE US House of Representatives passed a bill undoing income tax increases for more than 99 per cent of households, handing a victory to President Barack Obama, even as Republicans vowed to fight himPhoto: AP - 900 words
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Advertisement199 2013-01-03 1 S’PORE NEWS Printers adapt and stay afloat PAGE 9 COMPANIES The squeeze is on for telcos PROPERTY Kismis Lodge up for en bloc sale again PAGE 28 COMMENTARY Legal recourse against ruinous analyst reports PAGE 22 PAGE 8 **********04 S I N C E R E F I N E199 words
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TOP STORIES
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Article561 2013-01-03 2 Q4 GDP up 1.8%, averting technical recession THE much-touted technical recession did not materialise after all, even though fears of one continue to linger. Defying expectations, flash estimates show that the economy grew 1.8 per cent in the fourth quarter of 2012 from the previous quarter. This means561 words
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Article, Illustration430 2013-01-03 2 ONG CHOR HAO - By ONG CHOR HAO [SINGAPORE] The showroom for the Forestville Executive Condominium (EC) will be closed until further notice for maintenance, but the developer for the project said this is not linked to it being stopped from selling the units by the Urban Redevelopment AuthorityFILE PHOTO - 430 words
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1014 2013-01-03 2 KALPANA RASHIWALA - 1.8% gain buoyed by mass-market condos; 2013 outlook tempered by weakening economy, policy risks By KALPANA RASHIWALA [SINGAPORE[ Despite the curbs on housing loan tenure introduced in October, the Urban Redevelopment Authority’s private-home price index flash estimate in Q4 20121,014 words
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Article, Illustration781 2013-01-03 2 ONG CHOR HAO - By ONG CHOR HAO [SINGAPORE] Resale flat prices grew at their strongest pace in five quarters to reach a historical high, as the Government plans even more Built-to-Order (BTO) flats this year. The latest flash estimate of the Resale Price781 words
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Article, Illustration735 2013-01-03 4 NYT [WASHINGTON] For President Barack Obama, the fiscal deal passed by Congress on Tuesday finally ends four years of debate with Republicans about raising tax rates on the wealthy. But it seemed to reopen a debate within his party about the nature of hisNYT; PHOTO: REUTERS - 735 words
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651 2013-01-03 4 KENNETH LIM - OUE seen likely to extend its bid as well By KENNETH LIM [SINGAPORE] Shareholders of Fraser and Neave (F&N) may have to wait another week to see whether they can get a better offer for their shares, on the back of Thai651 words
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Article, Illustration1164 2013-01-03 4 Bloomberg [NEW YORK] The richest people on the planet got even richer in 2012, adding US$241 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 100 wealthiest individuals. The aggregate net worth of theBloomberg - 1,164 words
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Advertisement117 2013-01-03 2 Legend of the Seas 2013 2N MALACCA CRUISE Dep Date Feb 06 Mar 23 Port-of-call: Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date Feb 22 Mar 01,08 29 Port-of-call Singapore, Penang, Port Klang 4N ISLES OF SOUTHEAST ASIA Dep Date Feb 08 25 Mar 04 25 Apr 01 03117 words
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Advertisement32 2013-01-03 2 N n FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. 1-T WAT3 C/> 0 RECRUIT V u rsj I32 words
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Advertisement115 2013-01-03 3 u w 7 Comprehensive Transportation Systems fm. w:-' lug! -i- Advanced Water Treatment Systems *<■ > Efficient Power Plants and Energy Solutions Reliable Info-Communication Technology Pioneering technologies for a better tomorrow. For over a hundred years, we have been providing efficient transportation, cleaner water, sustainable energy and the infrastructure for115 words
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Advertisement169 2013-01-03 4 *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CALL FOR COLLABORATION The Economic Development Board (“EDB”) and the Ministry of HomeAffairs (“MHA”) intend to issue a Call-for-Collaboration (“CFC”) to invite companies to submit proposals (“Proposals”) for an innovative safe city concept in Singapore based on an information-sharing model. Project Title:169 words
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Advertisement344 2013-01-03 4 In the Matter of The Companies Act, Cap. 50 And In the Matter of MIB PTE LTD (Company No. *****3159K) (In Members’ Voluntary Liquidation) Notice is hereby given that at an Extraordinary General Meeting of MIB Pte Ltd deemed to have been held pursuant to Section 179(6) of the Companies344 words
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COMPANY NEWS
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Article, Illustration702 2013-01-03 5 KENNETH LIM - JP Morgan’s concerns could mean Kirin losing OUE’s support for its food beverage goals By KENNETH LIM PROPERTY developer Overseas Union Enterprise (OUE) could ironically benefit from a key New Year’s eve finding that a deal with Japanese brewer Kirin Holdings is “not reasonable”.702 words
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515 2013-01-03 5 SIOW LI SEN - By SIOW LI SEN DBS Group Holdings is said to be hopeful that its bid to buy Indonesia’s Bank Danamon is still on track, more than eight months after it first announced the deal. “Our understanding is we’re still on track, it’s515 words
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COMPANY BRIEFS
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52 2013-01-03 5 WHEELOCK Properties yesterday bought 2.098 million shares of SC Global Developments at between $1.815 and $1.82, raising its stake to 16.6 per cent from 16.1 per cent. SC Global is in the midst of a privatisation bid from its CEO, Simon Cheong, at $1.8052 words
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Article33 2013-01-03 5 UNITED Overseas Bank has appointed Ong Yew Huat as a non-executive and non-independent director with effect from yesterday. Mr Ong retired as Ernst Young LLP executive chairman on Monday.33 words
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35 2013-01-03 5 FRAGRANCE Group executive chairman and CEO Koh Wee Meng has become a substantial shareholder of another property firm, Roxy-Pacific Holdings, with a stake of just over 5 per cent.35 words
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Article54 2013-01-03 5 INFINIO Group’s proposal to acquire Ephraim Resources Ltd for $381.81 million in a reverse takeover deal has fallen through. Infinio said yesterday that the conditional sale and purchase agreement has automatically been terminated since conditions precedent have not been fulfilled or waived by the long-stop54 words
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Article34 2013-01-03 5 LIONGOLD Corp has appointed Nicholas Ng Yick Hing as group CEO and managing director with effect from Tuesday. Mr Ng was formerly CEO of DMG Partners Securities Pte Ltd.34 words
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459 2013-01-03 7 CARINE LEE - By CARINE LEE POLITICS, demographics and geopolitics might just help Asean markets continue their sterling run this year, but analysts at OSK Research are cautious about the Singapore market. “Singapore’s economy will be going through a period of restructuring, which means some459 words
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561 2013-01-03 7 Reuters AFTER surging to a record in 2011, Singapore loan volume slid 19 per cent in 2012 to US$33 billion via 93 deals, according to Thomson Reuters LPC. But several jumbo Singapore dollar deals and a slew of commodity borrowers returning forReuters - 561 words
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Article765 2013-01-03 7 ANDREA SOH - It says balance sheet strongest since IPO, addresses Muddy Waters’ accusations By ANDREA SOH BESIEGED agri-commodi-ties firm Olam International yesterday broke its month-long silence as it sought to clear the fog of doubt surrounding it: its balance sheet is the strongest since its listing in765 words
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Article, Illustration1257 2013-01-03 8 JOYCE HOOI - Sector enters the new year with more ground shifting under its feet By JOYCE HOOI LAST year might well be remembered as the one in which everything happened to the telcos, but not enough did. And the pressure will build this year. Last year,PHOTO: AP - 1,257 words
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Advertisement31 2013-01-03 5 WE KNOW LUXURY m s 4H M January 2013 robbreport.com.sg S NGAPORE BEST OF THE BEST a a W r. a V tii YA 51 OUT NOW AT NEWSSTANDS LEADING BOOKSTORES31 words
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SINGAPORE MARKETS
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Article, Illustration614 2013-01-03 6 R SIVANITHY - Penny stocks are the main contributor to market volume of 4.6 billion units worth $1.7 billion STOCKS R SIVANITHY Senior Correspondent NEWS that the US economy may not fall off its fiscal cliff sent the Hang Seng Index shooting up 2.9 perSource: Bloomberg - 614 words
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Article73 2013-01-03 6 Jan 2 VALUE CLOSE BT OB/OS 766.00 +451.00 BT CADI -*****.00 +380.00 BT 10-day MA -*****.00 +76.00 FTSE ST Mid Cap 782.74 +9.47 FTSE ST Small Cap 533.74 +12.40 FTSE ST All Share 785.35 +9.17 FTSE ST China Top 216.87 +5.54 FTSE ST China 243.15 +5.86 FTSE73 words
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Article186 2013-01-03 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 1 4 0 0 0 12 1 4 Manufacturing 116 17 28 15 6 9 131 23 37 Commerce 54 6 12 6 3 2 60 9 14 Tpt/Stor/Comms 33 6 2186 words
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Article123 2013-01-03 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 41,771 41,771 53,309 53,309 Manufacturing 703,246 306,141 1,009,387 296,565 5,517 302,083 Commerce 674,942 45,270 720,212 176,884 2,554 179,438 Tpt/Stor/Comms 262,866 20,914 283,780 207,031 6,391 213,423 Finance 185,918 936 186,854 142,783 385 143,167 Construction 326,522 203,033123 words
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Article, Illustration862 2013-01-03 6 LYNN KAN - Compiled by LYNN KAN Cache Logistics Trust Jan 2 close: $1.27 OCBC Investment Research, Jan 2 CACHE Logistics Trust said it will release its Q4 2012 results after the market close on Jan 21, 2013. We expect Cache to meet our Q4 net property income (NPI) forecast ofSource: Bloomberg - 862 words
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Article113 2013-01-03 6 Stock name Close Change CapMallsAsia 1.990 +0.050 CapitaLand 3.760 +0.060 CapitaMall 2.130 CityDev 12.990 +0.120 ComfortDelGro 1.785 +0.005 DBS Grp 14.780 -0.060 F&N 9.670 -0.030 GLP 2.770 -0.010 Genting SP 1.445 +0.060 Golden Agri 0.675 +0.025 HK Land 7.070 +0.080 IHH Healthcare 1.365 +0.015 JMH 62.320113 words
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Article, Illustration508 2013-01-03 6 CURRENCIES Reuters [LONDON] The yen fell to a 18-month low against the euro while the US dollar faltered against growth-linked currencies yesterday, after US lawmakers passed a Bill to avoid a “fiscal cliff” of tax rises and spending cuts. Traders said theReuters; PHOTO: REUTERS - 508 words
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Article57 2013-01-03 6 VOLUME MDR 392,751,000 Oceanus 231,843,000 YHM 201,359,000 MDR W*****5 171,374,000 Geo Energy 162,434,000 Innopac 153,581,000 GSH Corp 138,767,000 IPCO Intl 118,252,000 Advanced System 106,854,000 Golden Agri 104,762,000 VALUE($) Genting SP 130,038,700 Geo Energy 87,636,415 Wilmar 83,950,530 Golden Agri 69,997,005 SingTel 51,885,200 Noble Grp 49,310,225 DBS Grp 48,233,60057 words
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Article114 2013-01-03 6 BY CENTS CLOSE UP GLD 10US$ ***** 273.4 1.4 DBXT MSKorea 10US$ 6385 238.0 3.2 IS S&P500 ***** 219.7 1.3 DBXT MSEurope 10US$ 4910 92.8 1.6 Lyxor China H 10US$ 1549 75.7 4.2 JSH 3611 72.0 1.7 DBXT STGLDv100 10US$ 2910 65.9 1.9 DBXT FTVietnam 10US$ 2228 51.3 1.9114 words
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Article123 2013-01-03 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 3452 -131.8 -3.0 IS DJ US Tech 7110 -29.3 -0.3 UOB 5.05%NCPS 100 ***** -15.0 -0.1 Asia Pac Brew 5275 -9.0 -0.2 Lyxor CRBNonEny10US$ 267 -7.3 -2.2 *AVJennings 34.5 -7.0 -13.8 DBS Grp 1478 -6.0 -0.4 DBXT MSINDO 10us$ 1516 -3.7123 words
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Advertisement39 2013-01-03 7 FORSALE No Void Area Prominent Frontage Column Free Layout 5 6m ceiling height 130 Premium Ramp-up Flatted Units Abundant Parking Lots Suitable for Clean Light industries Near eateries amenities Close to CTE PIE Future NSE Size fr 1636sqft 1960sqft39 words
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Advertisement89 2013-01-03 8 STPROPERTY.SG WITH Agents get W m S3®* worth of advertising credit too' BUYING OR RENTING A PROPERTY? We'll reward you with $888! Visit www.STProperty.sg/deal2win now for more information. Hurry, you have until 31 March 2013 to be one of our 8 lucky winners! 1 0 0 0 *Terms conditions apply.89 words
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SINGAPORE NEWS
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276 2013-01-03 9 KIM MIN SEOK - By KIM MIN SEOK MID-CAREER professionals can now be hired and trained as accounts or audit professionals, even if they do not have relevant experience. This is as a result of a pilot programme by the National Trades Union Congress (NTUC)’s Employment276 words
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Article, Illustration331 2013-01-03 9 ZEINAB YUSUF SAIWALLA - By SAIWALLA ZEINAB YUSUF SAIWALLA A FREEHOLD industrial “white site” in Paya Lebar has been launched for collective sale, with an expected price in excess of $58 million, or $837 per square feet per plot ratio (psf ppr) Guang Ming Industrial331 words
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Article, Illustration907 2013-01-03 9 KIM MIN SEOK - Most achieve stable, strong growth; forecast optimistic sales outlook By KIM MIN SEOK DESPITE the rise of digitised contents and “soft copy”, the industry producing “hard copy” is still alive –even if the businesses in it have had to differentiate themselves by expanding to onlinePHOTO: JOHN HENG - 907 words
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351 2013-01-03 9 CHNG SZE NING - By CHNG SZE NING NTUC Income will be taking full ownership of 16 Collyer Quay, a prime office building in the Central Business District (CBD) area. It has inked a sales-and-purchase agreement with Goldman Sachs, and the deal is scheduled for completion at351 words
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Advertisement107 2013-01-03 9 MOSER PERPETUAL 1, ref. 341.501-004.18k rose gold. Hand-wound movement cal. HMC 341.501. 10 days power reserve. Back and forth date adjustment. Instantaneous date change from 28 lh Feb to I s1 Mar. Winner of the prestigious Grand Prix d'Horlogerie de Geneve 2006 category "Montre Compliquee" H THE HOUR GLASS SINGAPORE107 words
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MALAYSIA/INDONESIA
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Article, Illustration507 2013-01-03 10 Rival group led by Perwaja chairman losing ground ahead of key meeting [KUALA LUMPUR] Scomi Group chief executive officer Shah Hakim is attempting to fend off a possible takeover by Abu Sahid Mohamed and parties aligned to him. Mr Shah HakimBT FILE PHOTO - 507 words
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499 2013-01-03 10 PAULINE NG - Maybank-IB expects unwinding by foreign investors By PAULINE NG in Kuala Lumpur THE ringgit is expected to experience temporary weakness in the first quarter as foreign equity and bond investors unwind their positions ahead of Malaysia’s 13th general election, says an investment499 words
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344 2013-01-03 10 Reuters [JAKARTA] Indonesia’s trade deficit in November narrowed from the previous month’s record high, but data released yesterday showed that exports remain weak in line with the uncertain global economy. Data on November trade and December inflation is likely toReuters - 344 words
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Advertisement46 2013-01-03 10 www.stjobs.sg IT Security Manager .P II o o o k I_C 1 22 •r" 7 .FT;/. ET J aiex Across Resume Scan Make use of our smart CV system to produce a ready-for-use resume in seconds! Access useful tools Find Career Resources useful articles. media group.46 words
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GREATER CHINA/INDIA
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420 2013-01-03 11 Strong factory output, spike in new orders are reasons for the surge Reuters [BANGALORE] India’s manufacturing activity surged to a six-month high in December, boosted by strong factory output and a spike in new orders, both of which hit their highest levels since June,Reuters - 420 words
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Article, Illustration515 2013-01-03 11 Reuters [SEOUL] ArcelorMittal, the world’s biggest steelmaker, will sell a US$1.1 billion stake in a Canadian iron ore mine operator to a consortium that includes South Korean steelmaker POSCO and Taiwan-listed China Steel Corp, China Steel said in a statement. ArcelorMittal,Reuters; PHOTO: AFP - 515 words
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Article, Illustration473 2013-01-03 11 Reuters [HONG KONG] Macau, the world’s largest casino market, raked in US$38 billion in annual gambling revenues in 2012 after monthly revenues for December hit a record, a signal of sustained strength in the only place in China where visitors are able to gamble legallyReuters; PHOTO: AFP - 473 words
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Advertisement202 2013-01-03 11 Even business leaders need a career boost Advance your career at NUS Business School, with programmes designed to help sharpen your business skills, and stay relevant in today's highly competitive marketplace. Renowned for its rigorous, relevant and rewarding business education, NUS Business School is consistently ranked among the world's best202 words
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WORLD
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Article, Illustration717 2013-01-03 12 But compromise fails to satisfy businesses lobbying for deficit, debt cuts Reu ters [WASHINGTON] The “fiscal cliff” deal that slowly, painfully took shape in the US Congress in recent days fulfils some of corporate America’s tax policy goals, but leaves others unmet, includingReuters; PHOTO: AP - 717 words
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740 2013-01-03 12 NYT [WASHINGTON] The widely expected rally in the markets following a deal to avert a fiscal cliff is not expected to last long, with investors and economists quickly shifting focus to several hurdles facing the economy in coming months. Gary Thayer, chief macro strategistNYT - 740 words
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Article, Illustration915 2013-01-03 12 AP [WASHINGTON] An emergency deal reached after weeks of rancorous negotiations will keep the US from driving off the so-called fiscal cliff, but higher taxes and continued political bickering in Washington threaten to shake the fragile US economy well into 2013. AAP; PHOTO: AP - 915 words
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555 2013-01-03 13 Activity is affected by a big drop in spending on federal projects LATEST US DATA AP Reuters [WASHINGTON] US builders spent less on construction projects in November, the first decline in eight months, as activity was held back by a bigAP; Reuters - 555 words
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Article, Illustration954 2013-01-03 13 NEWS ANALYSIS Reuters [ROME] Overhauling Italy’s rigid labour rules was supposed to be Mario Monti’s flagship reform. It required drawn out, often heated bargaining with unions, employers and political parties. Yet six months after their approval the measures seem to beReuters; PHOTO: AFP - 954 words
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703 2013-01-03 13 Bloomberg [BERLIN] German Chancellor Angela Merkel is opening her re-election campaign year by putting voters on notice that Europe’s financial crisis threatens to make their lives tougher. As the euro-region recession bruises its biggest economy, Ms Merkel said her austerity-first crisisfighting agendaBloomberg - 703 words
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1199 2013-01-03 13 Bloomberg [WASHINGTON] The allure of the fast-growing US market for prepaid debit cards is pitting niche players like pop star Justin Bieber against financial giants including JPMorgan Chase Co and American Express Co. Both Bieber and JPMorgan want to sellBloomberg - 1,199 words
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Article, Illustration1059 2013-01-03 16 Silicon Valley’s spending on lobbying ballooned in recent years NYT [SAN FRANCISCO] Silicon Valley lobbied hard in Washington in 2012, and despite some friction with regulators, fared fairly well. In 2013, though, US government scrutiny is likely to grow. And with thisNYT; PHOTO: AP - 1,059 words
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626 2013-01-03 16 It hopes to enforce reporting rules on corporate traders Bloomberg [STOCKHOLM] Sweden’s financial watchdog will stop turning a blind eye to traders who have ignored a rule requiring them to report company bond prices as the regulator seeks to improve transparency in aBloomberg - 626 words
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409 2013-01-03 16 Reuters [NEW YORK] Borrowing by small US businesses rose marginally in November, indicating they were essentially on hold in terms of growing their enterprises in the face of economic and government fiscal uncertainty, a report yesterday showed. The Thomson Reuters/PayNet SmallReuters - 409 words
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Article, Illustration501 2013-01-03 16 AFP [LONDON] British Prime Minister David Cameron called on his fellow G-8 leaders yesterday to start work now on agreeing “bold steps” to help boost global economic growth, ahead of a summit he will host in June. In a letter marking theAFP; PHOTO: AFP - 501 words
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881 2013-01-03 18 Drug makers told to foil tampering of powerful painkillers with safer packaging NYT [WASHINGTON] US public officials have long urged makers of powerful painkillers to do more to make the medications harder to crush and abuse. But now that some companies have doneNYT - 881 words
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251 2013-01-03 18 Bloomberg [SEOUL] North Korea’s trade with China expanded more than 60 per cent to US$5.63 billion in 2011, as the totalitarian regime deepened its dependence on its main political and financial backer. Commerce with China accounted for 70.1 per cent ofBloomberg - 251 words
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Article, Illustration329 2013-01-03 18 Bloomb erg [HANOI] Vietnam will try to address economic challenges in 2013 as inflation risks persist, bad loans weigh on banks and rising inventories hurt businesses, Prime Minister Nguyen Tan Dung said. Domestic concerns include bad debt that has crimped bank lending, “shortcomingsBloomberg; PHOTO: REUTERS - 329 words
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Article, Illustration763 2013-01-03 18 NYT [NEW YORK] On the day the terrorists flew into the World Trade Center, the Wu-Tang Clan cancelled its meeting with a record mixer named Richard Oliver, so Mr Oliver rushed downtown from his Hell’s Kitchen apartment to help out. He said heNYT; PHOTO: NYT - 763 words
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479 2013-01-03 18 Reuters [MOSCOW] Russia’s decision not to ban grain exports after another poor harvest shows that its leaders recognise that the embargo imposed after the failed 2010 crop was a mistake. Farmers are making money as domestic wheat prices have closed in onReuters - 479 words
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Article, Illustration704 2013-01-03 19 But central bank likely to hold policy rate as core inflation stays in target range Reu ters [BANGKOK] Thailand’s annual inflation rate jumped to 3.63 per cent in December, up almost one percentage point from November, but core inflation is comfortably within the centralReuters; PHOTO: BLOOMBERG - 704 words
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579 2013-01-03 19 Call to re-evaluate body mass index in view of findings Bloomberg [MINNEAPOLIS] People who are pleasantly plump may have a lower risk of dying than those who are considered the ideal weight or who are markedly obese, according to a US governmentBloomberg - 579 words
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205 2013-01-03 19 Reuters [NEW YORK] Goldman Sachs Group Inc chief executive Lloyd Blankfein and departing chief financial officer David Viniar both exercised restricted stock units on New Year’s Eve that delivered them US$4.2 million in cash apiece. Other executives, including vice-chairmen Michael Evans and John Weinberg,Reuters - 205 words
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Advertisement38 2013-01-03 12 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY MY 2013 WISH 16 young people share their hopes for 2013 BOLLY FITNESS Bollywood stars dish out their fitness tips GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST38 words
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Advertisement62 2013-01-03 12 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 7th 10th MARCH 2013 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX AND WORLD62 words
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Advertisement157 2013-01-03 14 / 15 m The Car -if u jn ir: w r T'. N M "L New Golf. The all-new Golf is longer, lower and has 30 litres more boot space. Yet it’s 100 kilograms lighter and uses up to 23% less fuel. It also comes with features you’d normally expect only in157 words
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Advertisement172 2013-01-03 17 Stay connected with The Straits Times, whichever way you want. I m b S Mi w 1. VVLv A 1 SjXtf :.-v: Tt,K straits "MU KP! w »w«d ju lf /,> 69 to "Wfi "ty/O THE STRAITS TIMES CHOOSE YOUR SUBSCRIPTION PACKAGE Experience more with CATS Classified and Recruit now172 words
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Advertisement905 2013-01-03 18 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF PNY HOLDING PTE. LTD. (Company No *****6762G) (In Creditors'Voluntary Liquidation) TAKE NOTICE that a meeting of the creditors in the above-named company will, in pursuance of Section 296 of the above Act, be held at905 words
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Advertisement17 2013-01-03 18 Call 1800 289 8822 I or e-mail notices@sph.com.sg to place your Apology Notices WATS NOTICES CLA/FEB1 1/g17 words
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Advertisement1844 2013-01-03 19 NEW LAKESIDE HOLDINGS LIMITED (Incorporated in Singapore) (Company Registration Number *****8395H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at the 8 Wilkie Road #03-08, Wilkie Edge, Singapore *****5, on 18 January 2013, Friday at 10 a.m. to1,844 words
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Advertisement119 2013-01-03 20 esf* <«. jvC»5 v ret* f|k s^ c# «g K *0** 0 >* Hf X m» fOC 0»*' 0 |H6 C V* s's' s'/' s's' S'/'"' jf0*$ -< f V ,x# s > Jk X *<> <0* i> </* sS H$ \> x eP 1$* V tS* > v rf$P119 words
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SHIPPING/AVIATION
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Article, Illustration572 2013-01-03 21 But trade may slow for the rest of Q1 as China factories shut for holidays Bloomberg [SINGAPORE] Maersk Line, the world’s biggest container shipping company, said demand for trade on the Asia-Europe route is expected to grow until the Chinese New Year inBloomberg; PHOTO: BLOOMBERG - 572 words
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550 2013-01-03 21 Bloomberg [LONDON] Accelerating world trade means the merchant fleet will burn the most fuel oil ever in 2013, driving ship owners’ biggest cost to a record and boosting profit for Aegean Marine Petroleum Network Inc and other suppliers. Demand for the so-calledBloomberg - 550 words
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335 2013-01-03 21 ALEC ALMAZAN - By ALEC ALMAZAN in Manila PHILIPPINE container port operator International Container Terminal Services Inc (ICTSI) has pulled out of Syria because the on-going civil unrest and violence there has gravely affected its business. ICTSI said in a disclosure to the local bourse335 words
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630 2013-01-03 21 They are seen focusing more on revenue growth NYT [NEW YORK] In a move being watched by competitors, American Airlines is experimenting with a new pricing option that eliminates the potential penalty fee for changing flights for customers who pay a little extraNYT - 630 words
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Article243 2013-01-03 21 SGX '000 Jan 2 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 0.01 419 Cosco Corp 0.95 0.05 ***** Ezra Hldgs 1.20 0.06 ***** First Ship Lea 0.13 0.01 2065 Freight Links 0.07 unch ***** Grand Banks 0.38 unch 23 Jaya Hold Ltd 0.67 0.01 3244 K1Ventures243 words
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Page 21 Advertisements
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Advertisement11 2013-01-03 21 SataybytheBay toopenin mid-January To subscribe, call 6388-3838 or go to sphsubscription.com.sg11 words
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Page 21 Miscellaneous
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Miscellaneous324 2013-01-03 21 CRYPTIC CROSSWORD Across 7 One group wants attendant around to provide guidance (8) 9 General as fellow going after blood, no end (6) 10 Some duffer mathematically? Yes and no! (6) 11 Wicked king’s army destroyed sultan (8) 12 Magnificent residence with fantastic ambience a help, including lake (8,6) 15324 words
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EDITORIAL & OPINION
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514 2013-01-03 22 EDITORIAL AFTER several rounds of brinkmanship, the US Senate agreed, two hours after midnight on Dec 31, on a tax deal that enabled the US economy to step back from the much dreaded “fiscal cliff”: the automatic tax increases and spending cuts that514 words
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Article, Illustration843 2013-01-03 22 DAVID MASON - THE BOTTOM LINE DAVID MASON The writer is a business communications consultant in the UK who spends several months a year in Singapore. He was a partner with Price Waterhouse Singapore for 18 years A FEW years back, social engineering was a843 words
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Article, Illustration955 2013-01-03 22 PERRY YUEN - The bad news is there is little a listed firm can do if the research is done well By PERRY YUEN The writer is partner and head of the corporate and securities practice at KhattarWong LLP COMPANIES listed in Singapore would seem vulnerable toPHOTO: OLAM/BLOOMBERG - 955 words
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Article, Illustration1565 2013-01-03 23 LEON HADAR - Yet again, that is the new normal seems to be not a ‘fiscal cliff’ but a long ‘fiscal slope’ in Washington LEON HADAR Washington Correspondent PUNDITS were in pursuit of dramatic metaphors to describe the negotiations taking place in Washington to avert aPHOTO: AP - 1,565 words
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Article, Illustration732 2013-01-03 23 TAN HAK LEH - By TAN HAK LEH The writer is president, Life Insurance Association, Singapore IN 2 0 0 6 w e c o n d u c t e d a n in-depth study to determine if Singaporeans paid adequate attention to protecting themselves and their familiesFILE PHOTO - 732 words
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Article1632 2013-01-03 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New1,632 words
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Page 24 Advertisements
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Advertisement45 2013-01-03 24 PLACE YOUR AD HERE THE BUSINESS TIMES Shippii g Times CALL JOE WO IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times45 words
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SINGAPORE STOCKS
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Article3247 2013-01-03 25 Transaction date: Jan 2 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 6 3 A-Sonic Vol Day Last Quote Div Gr Yld Net M Cap High 166.5 122 ARA 151.5 94.53,247 words
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Article244 2013-01-03 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 4.6 1.3 t Advanced System 1.9 +0.2 *****4 2 1.7 1.9 2 28.3 Vol Cooo) Day High Last Quote Low Buyer244 words
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Article10327 2013-01-03 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.31/ Aberdeen Asset Mgt Asia Limited 1.07/ Asian Local Ccy SD Bond 0 7377/ Asian Local Ccy SD Bond 0.9875/ Global Emerging Markets!** 1 8?78/ EM local Ccy Bond .0 9899/ European Opportunities!" 1.0726/ Global10,327 words
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Article262 2013-01-03 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 43.5 25.5 AVJennings A34.5 -5.5 11 36.5 32.5 34.5 36.5 3.6 10.1 2.8 89.8 41.5 27 Genting HK US$ US35.5 +1 ***** 36.5 34.5 35 35.5 2337.5262 words
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Article986 2013-01-03 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 116.5 ABF SG Bond ETF 119 5 119 119 118.9 119 543.2 133.8 120.4 CIMB APAC Div 100S$D 133.8 131.2 132.4 106.3 95.8 CIMB APAC986 words
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FINANCE & COMMODITIES
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Article606 2013-01-03 27 Jan 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.36 *****.63 *****.85 Mar13 *****.00 *****.00 *****.00 *****.00 ***** *****5 Jun13 *****.00 3 2336 MSCI TAIWAN INDEX FUTURES SPOT 277.85 280.49 277.26 Jan13 277.00 280.50 276.40 279.00 2269 *****8 Feb13 278.70 279.60 278.70 279.00606 words
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373 2013-01-03 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 31 Index Change Change Change Change Change Change World Preliminary 930.8 0.1 12.2 0.0 5.8 0.1 12.3 EAFE Preliminary 774.5 -0.1 13.5 -0.2 7.0 -0.1 13.6 Europe Preliminary 1147.2 0.0 11.8373 words
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Article, Illustration86 2013-01-03 27 As on 31 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1668.00 1661.00 1676.00 INDIA GOLD (E-GOLD) FUT FEB2013 562.05 556.45 559.55 CURRENCY EUR-USD FUT MAR2013 1.3237 1.3182 1.3209 BASE METAL COPPER FUT MAR2013 7981 7949 8054 INDEX IRON ORE (MBIO) IDX86 words
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Article107 2013-01-03 27 Dec 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1418.75 1424.00 1433.75 1409.50 Mar 13 1409.50 1418.00 1425.50 1400.75 May 13 1399.25 1409.50 1416.00 1390.50 Jul 13 1395.25 1407.25 1412.75 1387.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 13 49.16107 words
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Article70 2013-01-03 27 CRUDE OIL PRODUCTS Dec 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.66 -0.42 WTI (Near Mth) 91.88 0.82 Dubai (1-Mth F) 105.58 -0.28 Tapis blend 115.77 -0.38 Minas 108.35 -0.38 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.28 -1.16 Jet Kerosene 125.39 -1.11 US$/barrel OpecOil Basket70 words
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Article22 2013-01-03 27 Jan 2 S$ Bid Offer 1-month 1.2204 1.2207 2-months 1.2204 1.2207 3-months 1.2205 1.2207 6-months 1.2203 1.2207 Source: OCBC22 words
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Article65 2013-01-03 27 Dec 31 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2041.00 2030.75 3 months 2073.00 2063.00 Copper, Grade A(US$/tonne) Cash 7907.00 7866.50 3 months 7931.00 7887.00 Lead(US$/tonne) Cash 2316.50 2318.00 3 months 2330.00 2335.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article80 2013-01-03 27 Dec 31 COCOA (£/tonne) Close Prev High/Low Mar 13 1435 1438 1441/1429 May 13 1442 1445 1448/1438 Jul 13 1452 1456 1458/1449 Sep 13 1461 1465 1470/1457 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1963 1961 1985/1955 Mar 13 1924 1911 1938/1902 May 13 1933 1919 1943/1910 Jul 13 193780 words
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917 2013-01-03 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv AlliedTech W*****2 Exer BakerTech W*****5 Prem Best World Intl Ltd W*****5 0.5 1 30 69 36.00 6 Expiry Biosensors Int'l Group.ES.1301 122 ing Left Bumitama Agri MBeCW*****3917 words
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Article470 2013-01-03 27 Jan 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.035 6.532 0.790 8.127 56.954 101.538 0.914 11.150 3.184 1.255 102.056 42.827 1.280 8.855 0.955 30.409 31.850 0.642 1.048 Canada 0.966 6.312470 words
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Article65 2013-01-03 27 Jan 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP65 words
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Article134 2013-01-03 27 Jan 2 GOLD(US$/oz) Jan 02 Dec 31 Hong Kong 1688.00 1672.30 Dec 31 Dec 28 London 1661.80 1655.82 1663.02 1656.61 Source: Thomson Reuters CAST BAR Jan 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 149 66 5gm 422 330 10gm 753 661134 words
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Article92 2013-01-03 27 Jan 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 04-Apr-13 0.25 6-Month BS*****W 27-Jun-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.89 101.95 101.92 5-Year N*****0Z 2.37592 words
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Article57 2013-01-03 27 Jan 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2350.0 2320.0 2380.0 2350.0 273 4406 Feb 13 2408.0 2395.0 2476.0 2408.0 3780 ***** Mar 13 2458.0 2438.0 2524.0 2449.0 ***** ***** Apr 13 2493.0 2478.057 words
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Article154 2013-01-03 27 Jan 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2793 1.2798 1.0483 1.0485 Canadian dollar 1.2363 1.2367 1.0132 1.0131 Euro 1.6197 1.6202 1.3272 1.3274 NZ dollar 1.0196 1.0202 0.8355 0.8358 Sterling pound 1.9912 1.9920 1.6316 1.6320154 words
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Article121 2013-01-03 27 As at 9am Jan 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.299 1.238 Can dollar 1.258 1.199 Euro 1.650 1.572 Sterling pound 2.021 1.944 NZ dollar 1.044 0.985 US dollar 1.245 1.186 Local dollars to 100 units of foreign121 words
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Article157 2013-01-03 27 Jan 2 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12157 words
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PROPERTY
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Article, Illustration958 2013-01-03 28 New investment in Cambridge could come close to US$2 billion Reuters [CAMBRIDGE, Mass] Anyone who knows the history of this town would be surprised to find a fashionable coffee shop on Third Street, with dozens of people walking by. The lattesReuters; PHOTO: NYT - 958 words
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Article685 2013-01-03 28 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN DEC 5 AND DEC 11, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 07/12/2012 99 452 1184 2619 District 5 NON-LANDED Hundred685 words
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Article, Illustration348 2013-01-03 28 TEO HOONG CHEN - Owners expecting to reap $90m, or about $1.4m per owner By TEO HOONG CHEN [SINGAPORE] Kismis Lodge is being put up for collective sale for the second time, real estate consultancy Jones Lang LaSalle said yesterday. Located off Toh Tuck Road, Kismis348 words
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1043 2013-01-03 29 Measure aimed at allaying worries of repeat of property market crisis of 2008 Bloomberg [DUBAI] The United Arab Emirates’ plan to curtail mortgage lending may ease concern that Dubai is poised to repeat one of the world’s worst property market crashes. The central bank’sBloomberg - 1,043 words
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1122 2013-01-03 30 Flashy new websites for commercial buildings crackle with animation, exuberant language and videos NYT [NEW YORK] In terms of marketing tone, the commercial real estate industry has long played the quiet cousin to the brasher residential business. While apartments are routinely sold usingNYT - 1,122 words
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Article, Illustration1188 2013-01-03 30 Mega malls break records as middle class splurges NYT [MOSCOW] Shoppers who find that 250 stores aren’t enough can go ice skating, watch movies or even ride a carousel, all under a single roof. While it sounds like the Mall of America, this mallNYT; PHOTO: NYT - 1,188 words
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Page 29 Advertisements
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Advertisement261 2013-01-03 29 Next to Tonah Merah MR! Future Shopping Mall Near good schools 4th University Easy access to Changi Business Park Town Centre Good rental potential 1 bdrm/l+Study/2 bdrm/3 bedrm/4 bedrm/Dual Key Price from $6XXk onwards REGISTER NOW FOR PRIORITY PREVIEW EVENT ON 6th Jan 2013 www.bestproperty.com.sg/urbanvista ERA LEE William CEA Regn261 words
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Advertisement284 2013-01-03 29 Freehold Mixed Landed Site Real value in a changing world Jones Lang LaSalle Real Estate (Singapore) Pte Ltd CEA Licence No. L*****97B www.joneslanglasalle.com.sg International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with Sales Leasing284 words
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Advertisement205 2013-01-03 29 KnightFrank.com. sg For Sale By Tender Existing 115 Rooms Hotel D15 Eunos Rd 8 Singapore Post Ctr Lebar Sq (U/C) Paya Paya Lebar MRT Tg Katong Cplx Sims Ave GLS Reserve Site Geylang Serai Geylang Serai (U/C) Wisma Serai Mkt FC Tg Katong Rd Geylang City Plaza Changi Rd Rd205 words
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Page 30 Advertisements
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Advertisement175 2013-01-03 30 Park Regis, Hotel Office Development ST PARK REGIS b ‘i-i£ ul UL LI i HUIU M unttiE !li mm mm m Bin III: Bll !#i a The Riverside Piazza Singapore River Riverside Point Swissotel Merchant Court Central Square /v, cq Singapore A/ vr, *0 (J S -<P SS ST e175 words
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