The Business Times, 21 January 2013
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2013-01-21
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The Business Times
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Title Section25 2013-01-21 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, January 21, 201325 words
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1161 2013-01-21 1 NISHA RAMCHANDANI - Serious hotel worker shortage; hoteliers say caps, levies on foreign staff make it worse By NISHA RAMCHANDANI [SINGAPORE] Singapore’s hotel industry which has been running high occupancies at record-breaking room rates is finding itself the victim of its own success. While hotels1,161 words
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MARKETS DIGEST
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Article57 2013-01-21 1 Weekly Change ST INDEX 3,211.22 -5.28 KL COMP 1,676.44 -6.26 NIKKEI 225 10,913.30 +111.73 HANG SENG 23,601.78 +337.71 SET INDEX 1,434.44 +22.38 JAKARTA COMP 4,465.48 +159.57 MANILA COMP 6,139.21 +87.46 SEOUL COMP 1,987.85 -8.82 SHENZHEN B 763.24 +26.85 MUMBAI IND 20,039.04 +375.40 DOW 13,649.70 +161.27 NASDAQ 3,134.71 +9.07 S&P57 words
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Article20 2013-01-21 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA BRITAIN TAIWAN US JAPAN CANADA KOREA 9,33 BRITAIN Source: Bloomberg20 words
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Article49 2013-01-21 1 US$ S$ US$ (S$ per US$) 1.225 (US$/S$ per 1.598 1.958 EURO (US$/S$/E) 1.338 1.640 Foreign currency per US$ S$ YEN 89.90 73.40 RM 3.011 2.457 HK$ 7.753 6.328 BAHT 29.78 24.30 RUPIAH 9,635 7,864 RENMINBI 6.215 5.073 INDIAN RUPEE 53.86 43.96 A$ 0.950 0.776 NZ$ 1.196 0.97649 words
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Article, Illustration668 2013-01-21 1 LYNN KAN - But analysts expect reductions to peter out for projects launched from H2 By LYNN KAN [SINGAPORE] Property developers intensified their discounts and incentives to entice buyers to pull out their cheque books after the government took new steps on Jan 11 to cool668 words
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Page 1 Advertisements
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Advertisement206 2013-01-21 1 COMMENTARY Maximise AGM’s role in governance PAGE 5 DINING OUT A WYSIWYG experience with seafood PAGE 25 YOUNG INVESTORS’ FORUM Getting started on stocks PAGE 12 VIEWS FROM THE TOP CEOs’ Budget hopes PAGES 10-11 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg.206 words
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TOP STORIES
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Article309 2013-01-21 2 When GM has to play chambermaid SINGAPORE’S hotel industry is finding itself the victim of its own success. Securing enough staff to run operations in today’s tight labour market is easier said than done. FRONT PAGE Developers offer discounts PROPERTY developers intensified their discounts and incentives to entice309 words
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Article, Illustration958 2013-01-21 2 LEON HADAR - Obama starts 2nd term with less public backing than Clinton and Reagan did By LEON HADAR in Washington AS Washington marks for the second time Barack Obama’s inauguration as the president of the United States of America, the mood here in the US capital is festive.PHOTO: AFP - 958 words
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Article, Illustration810 2013-01-21 4 LEE U-WEN - Reform Party chief also makes three of his own promises to the ward’s voters By LEE U-WEN [SINGAPORE] The Reform Party’s first rally of the Punggol East by-election last night almost did not take place amid growing fears for the safety ofPHOTO: KEVIN LIM/THE STRAITS TIMES - 810 words
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383 2013-01-21 4 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Retaining staff is just as important as attracting them, and some hotels are pulling out the stops to do just that. To create a pipeline of talent, the Four Seasons ties up with local educational institutions such as383 words
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Article, Illustration743 2013-01-21 4 KENNETH LIM - Offers conditional on the bidder gaining majority control By KENNETH LIM [SINGAPORE] Last-minute jostling in the Fraser and Neave (F&N) takeover war will give way to the controlled process of an auction today after the Thais snatched the lead with a latePHOTO: BLOOMBERG - 743 words
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Advertisement275 2013-01-21 2 I crown myself with a quality education. It*s my choice. Success means the world to us, but it does not come about overnight. It is the culmination of sound decisions and equally offbeat ones. With the prestigious triple-crown accredited universities that has produced many well known graduates, it’s an education275 words
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Advertisement140 2013-01-21 3 PA N R A C O M 4 m* SS r RADIOMIR t PA rxj r r 9 V i 5 DAYS 8 ■7 *<V'V ft •v I > E v S'* 'I m fc n i 4 L •we izskm t&Li a* 4 -awr s Hr .i sfc A140 words
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Advertisement136 2013-01-21 4 t 0L Authentic Teochew Raw Fish S Prosperity Set Menus. Winning the toss for great New Year dining. When it comes to venues for Chinese New Year Lo Hei menus, Hung Kang wins the toss. Our truly authentic Teochew Prosperity Set Menus and unique Teochew Raw Fish have proven to136 words
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COMPANY NEWS
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350 2013-01-21 5 KENNETH LIM - Stockbrokers not expecting any hiccups but foresee higher costs By KENNETH LIM SINGAPORE stockbrokers expect a smooth transition as new securities margin rules take effect today, but foresee modestly higher costs. “Since last year, SGX (Singapore Exchange) has carried out numerous systems testing with350 words
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829 2013-01-21 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY SOON, reporting season will be upon us; and in due course companies will then have to hold their annual general meetings (AGMs). The echelons of senior management will not publicly admit it but many in those ranks might privately829 words
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Article271 2013-01-21 5 Jan 18 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd ANZ Singapore Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a ...5.50271 words
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Article, Illustration1665 2013-01-21 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was high for the second straight week while the selling among directors remained low based on filings on the Exchange from Jan 14 to 18. Buyers outweighed sellers by a1,665 words
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Article239 2013-01-21 8 COMPANY MEETING PLACE DATE TIME Frasers Centrept Trt A Level 2 Alexandra Point 438 Alexandra Road 22-Jan 2.30pm Thai Village A Thai Village Restaurant 5 Stadium Walk #01-50 Leisure Park Kallang 22-Jan 3.00pm Malpetree Com Trt E 10 Pasir Panjang Road Mapletree Business City Multi Purpose Hall Auditorium239 words
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Advertisement308 2013-01-21 5 Investment Opportunity Sri Lanka 57 YEAR OLD DIVERSIFIED LONGSTANDING BUSINESS IN CONSUMER ESSENTIALS WITH A LARGE PORTFOLIO OF SELECTIVE PRODUCTS AND OWNING MORE THAN 100 BRANDS DIRECTLY REACHING OVER 15,000 WHOLESALE AND RETAIL HARDWARE, ELECTRICAL AND CONSUMER GOODS OUTLET ISLAND-WIDE, HAVING 30% ANNUAL GROWTH WITH A FORECAST OF ACHIEVING US$100308 words
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SINGAPORE MARKETS
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Article, Illustration620 2013-01-21 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THIS time last week, investors were bracing themselves for a property sector collapse because a very wide ranging set of curbs had just been announced by the government. As it turned out, there was early pressure on real estate620 words
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612 2013-01-21 6 CURRENCIES Bloomberg [NEW YORK] The yen weakened beyond 90 to the dollar for the first time in 31 months amid speculation that the currency will slide further as the Bank of Japan and the government work aggressively toBloomberg - 612 words
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576 2013-01-21 6 COMMODITIES AFP [LONDON] Commodity prices mostly rose last week, with oil prices supported by the Algeria hostage drama, while metals won support from positive Chinese and US economic data. Oil: Crude futures rose, supported by unrest in energy exporter Algeria, bet-ter-than-expected Chinese economicAFP - 576 words
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Article1568 2013-01-21 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.50 2.00 2 9.25 17.03 1.56 1.58 Amtek Engineering Ltd 3.00 3.00 5 0.05 8.87 0.60 0.56 ARA Asset Management 1.57 1.431,568 words
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Article73 2013-01-21 6 Jan 18 VALUE CLOSE BT OB/OS 242.00 -12.00 BT CADI -*****.00 +151.00 BT 10-day MA -*****.00 +25.00 FTSE ST Mid Cap 796.81 +5.09 FTSE ST Small Cap 549.05 +4.06 FTSE ST All Share 790.77 +4.26 FTSE ST China Top 224.90 +1.46 FTSE ST China 256.08 +1.93 FTSE73 words
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Article52 2013-01-21 6 VOLUME ICP 2,376,922,000 Innopac 1,322,145,000 IPCO Intl 1,320,346,000 MDR 1,267,104,000 YHM 1,020,836,000 Informatics 605,925,000 MDR W*****5 537,175,000 Golden Agri 371,461,000 Oceanus 364,952,000 Cedar 319,565,000 VALUE($) SingTel 421,372,635 DBS Grp 410,723,984 UOB 367,611,363 CapitaLand 355,004,154 Wilmar 268,226,258 Yangzijiang 262,670,085 Golden Agri 235,001,385 Keppel Corp 225,122,476 Innopac 215,553,022 F&N52 words
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Article111 2013-01-21 6 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 861.2 5.0 GLD 10US$ ***** 237.7 1.2 DBXT FTChina25 10US$ 3167 218.1 6.0 JMH 6200 134.8 1.8 DBXT MSEurope 10US$ 4991 122.5 2.0 Pru 500US$ 1310 98.0 6.5 DBXT MSINDO 10us$ 1557 85.8 4.7 STXPO 100 663 69.0 11.6 DBXT111 words
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Article119 2013-01-21 6 BY CENTS CLOSE DOWN IS S&P500 ***** -147.0 -0.8 DBXT MSKorea 10US$ 6127 -140.9 -1.8 CityDev 1140 -120.0 -9.5 Asia Pac Brew 5215 -85.0 -1.6 DBXT FTVietnam 10US$ 2496 -58.8 -1.9 UOB 1876 -46.0 -2.4 UOB.ES.1301 1898 -36.0 -1.9 DBS.ES.1301 1441 -33.0 -2.2 DBS Grp 1438 -32.0 -2.2 YHS119 words
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Advertisement115 2013-01-21 7 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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Advertisement170 2013-01-21 8 Maximize your career growth by upgrading your skills and standing out from the crowd The tools of financial engineering are being adapted not only by incorporating the lessons from the crisis, but also by proactively looking at the challenges ahead. The Master of Science in Financial Engineering (MFE) at the170 words
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Advertisement18 2013-01-21 8 Download the STJobs iPhone, iPad Android App now! At STJobs, your ideal job isn't hard to find. STJOBS.SG18 words
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SINGAPORE NEWS
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Article, Illustration400 2013-01-21 9 JASMINE NG - 15,184 sq ft plot in District 11 expected to fetch over $23m, says agent Savills By JASMINE NG A BUNGALOW plot in District 11 has been put on the market for auction sale next month, and is expected to fetch more400 words
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387 2013-01-21 9 VEN SREENIVASAN - By VEN SREENIVASAN A SHARP increase in passenger numbers, upgrades, increases in retail space, and aggressive promotional campaigns enabled Changi Airport to boost its retail sales by some 12 per cent last year. Changi Airport Group (CAG) yesterday reported that the airport’s retailers387 words
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Article481 2013-01-21 9 Payment Ex Rec Pay Ann (cts) date date date date Ascendas REIT ao 3.620 21-Jan 23-Jan 27-Feb 15-Jan Ascendas REIT ES (Jan 2013) ao 3.620 21-Jan 23-Jan 27-Feb 15-Jan Asia Pacific Breweries ak 85.000 22-Jan 24-Jan 06-Feb 16-Nov Aspial Corporation ay 0.750 03-Dec 05-Dec 22-Jan 21-Nov BRC Asia481 words
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Advertisement20 2013-01-21 9 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices NOTICES 'CLA/FEB1 1/g20 words
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Advertisement24 2013-01-21 9 It’s not every day you sail your team through a postcard THERE’S NOTHING LIKE AUSTRALIA FOR YOUR NEXT BUSINESS EVENT. PLAN NOW, VISIT BUSINESSEVENTS.AUSTRALIA.COM24 words
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VIEWS FROM THE TOP
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Article, Illustration3264 2013-01-21 10 THIS WEEK’S TOPIC What key issues facing your industry, and Singapore generally, would you like to see addressed in Budget 2013, and why? What specific actions for resolving these issues should this Budget include? Phillip Overmyer Chief Executive Singapore International Chamber of Commerce IN our Budget wish-listST FILE PHOTO - 3,264 words
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Advertisement404 2013-01-21 11 For the complete list of views from CEOs, go to http://businesstimes.com.sg E for Evolution E*TRADE PRO N rmsf S' 5 X N* m K E* TRADE 360 w E*TRADE, multi-channel trading platforms, unleashes the U.S. investment potential e*trade mobile 0 0 Experience Now AS LOW AS US$9.99 PER TRADE No404 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1807 2013-01-21 12 CAI HAOXIANG - Historically, equities are the asset class that has offered the best returns. CAI HAOXIANG introduces the basics of share trading CAI HAOXIANG THOSE who want to dip their toes into the world of stock markets often do not know how to start, or why they should.PHOTO: BLOOMBERG - 1,807 words
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Article, Illustration1136 2013-01-21 12 LEE MEIXIAN - Bandwagon’s app makes it easy for gig-goers to find out where live music is playing, reports LEE MEIXIAN STARTING YOUNG LEE MEIXIAN THE idea for Bandwagon.sg was born during Clarence Chan’s final semester in Singapore Management University in April 2011. Mr Chan wanted toPHOTO: ARTHUR LEE - 1,136 words
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Advertisement156 2013-01-21 12 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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Advertisement1675 2013-01-21 13 Olam International Limited, Rights Issue Subscribe Now! Subscription closes 5pm today (9.30pm for Electronic Applications) i i r r vt tSwU N «T5 Si £1 ts ss B- u v .r i T Pepper testing in Vietnam Coffee •jEfmiiSk ror A" •’Mi 1 yJPt Olam is a leading global integrated1,675 words
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MALAYSIA/INDONESIA
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504 2013-01-21 14 Not previously known for property, it now unlocks value of its land bank [PETALING JAYA] DRBHicom Bhd’s planned RM11 billion (S$4.5 billion) property projects over the next 36 months will catapult the conglomerate to be among the larger players in the property market, The504 words
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246 2013-01-21 14 AFP [KUALA LUMPUR] Malaysian Prime Minister Najib Razak will visit Gaza this week, an official said yesterday, in what would be a rare visit by a foreign leader to the impoverished Palestinian territory. Mr Najib will be accompanied by Foreign MinisterAFP - 246 words
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362 2013-01-21 14 He and Peter Lim close to trigger point of having to make an MGO [PETALING JAYA] Malaysian billionaire Vincent Tan has, via Berjaya Corp Bhd (BCorp), increased his stake in the medical group TMC Life Sciences Bhd to 32.27 per cent, edging closer362 words
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Article, Illustration562 2013-01-21 14 Reuters [JAKARTA] Indonesia, home to the world’s thirdlargest expanse of tropical forests, should resist pressure from the powerful palm oil industry and extend a ban on forest clearing by one or two years, an influential government official said. South-east Asia’s largest economyReuters; PHOTO: AFP - 562 words
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Article1487 2013-01-21 14 VOL Jan 18 RM +/-(‘000) VOL Advance Synerg 0.15 unch 240 Adventa Bhd 0.33 0.02 3770 Ae Multi Hldgs 0.27 -0.02 706 Affin Holdings 3.39 0.01 246 Ahmad Zaki Res 0.71 0.01 83 Abric Bhd Alliance Finan 4.38 -0.02 2234 Aluminium Co 0 Amalgamated In .........0.31 unch 241,487 words
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Advertisement59 2013-01-21 14 Want to sell your car but don’t have the time to do so? SMS to 787\ and let us help you post your car ad listing SMS to in the following format: Name Vehicle number Buy, sell or rent. At STCars.sg, your i ideal hard find to isn ST sg59 words
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GREATER CHINA/INDIA
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Article, Illustration1023 2013-01-21 15 AYISHAH MA - However, ministry official dismisses speculation of any relaxation this year By AYISHAH MA EJ Insight CHINA, the world’s most populous nation, is likely to relax its one-child policy amid worries that its declining labour force and growing elderly population may spark massiveEJ Insight; PHOTO: AP - 1,023 words
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462 2013-01-21 15 AFP [JAIPUR] Rahul Gandhi, often tagged India’s “prime minister-in-waiting”, said he would “transform” the country after he was promoted to second-in-com-mand of the ruling Congress party. Members of the Congress Working Committee earlier approved a motion making Mr Gandhi the s o n gAFP - 462 words
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Page 15 Advertisements
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Advertisement87 2013-01-21 15 TheArtOfD ndulgence iscerningI California Mexico and New Moon Mexican Wild Abalones are specially selected for those who expect the highest standards in quality cuisine. Recognised interna~onally by famous chefs for its deep natural flavour and texture, these rare wild abalones are sourced from the depths of the ocean and me~culously87 words
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ECONOMY WATCH
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Article, Illustration1072 2013-01-21 16 Regulators and economists also slow to grasp extent of housing meltdown AP [WASHINGTON] Federal Reserve officials in 2007 badly underestimated the scope of the approaching financial crisis and how it would tip the US economy into the deepest recession since the Great Depression,AP; PHOTO: AFP - 1,072 words
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479 2013-01-21 16 Reuters [NEW YORK] Fund investors committed US$7.19 billion to stock funds worldwide in the latest week, but most of it went into emerging markets as the investors soured on funds that hold US stocks, data from EPFR Global showed. Emerging market stock funds attracted US$5.83Reuters - 479 words
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Article, Illustration570 2013-01-21 16 Reuters [WASHINGTON] The International Monetary Fund estimated on Friday that Greece faced a financing gap of between 5.5 billion (S$9 billion) and 9.5 billion euros for 2015 and 2016 and said that it had assurances from Europe it would deliverReuters; PHOTO: AFP - 570 words
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737 2013-01-21 16 Wary investors would prefer she remains chancellor Reuters [LONDON] As the euro crisis raged at its peak just over a year ago, few global investors reckoned Angela Merkel’s re-election as German chancellor this year was likely or even desirable. Now they appear toReuters - 737 words
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Advertisement96 2013-01-21 16 ALMATY w Seoul Beijing Bangkok' Kuala Lumpur Hong Kong Ho Chi Minh Kuala Lumpur Almaty 3 times a week Ho Chi Minh Almaty jf- 2 times a week Beijing Almaty ■4“ 5 times a week Bangkok Almaty 7 times a week Seoul Almaty Hong Kong Almaty jjs 2 times a96 words
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WORLD
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Article, Illustration798 2013-01-21 17 Its iron ore boss needs to address deep problems of group’s weaker units Reuters [SYDNEY] Rio Tinto’s new chief executive Sam Walsh takes the helm at a time when some critics say the global miner is too dependent on one commodityReuters; PHOTO: BLOOMBERG - 798 words
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583 2013-01-21 17 Bloomberg [NEW YORK] Goldman Sachs Group chief executive officer Lloyd Blankfein’s bonus surged 90 per cent, surpassing JPMorgan Chase Co CEO Jamie Dimon’s pay for the first time s i nce M r B l an kf e i nBloomberg - 583 words
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Article, Illustration903 2013-01-21 18 Shareholders could be in for more rough times if technical strategists are right Reuters [NEW YORK] To those who study technical stock charts, Apple Inc looks broken. Even though it is widely viewed to be undervalued after hitting an 11-month low thisReuters; PHOTO: AFP - 903 words
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456 2013-01-21 18 Bloomberg [NEW YORK] HSBC Holdings Inc has agreed to a US$249 million accord to settle claims of improper US foreclosures, joining 12 other mortgage servicers in a deal that now exceeds US$9 billion, according to banking regulators. US units of Europe’s largestBloomberg - 456 words
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Article, Illustration3055 2013-01-21 19 If things go according to plan, Jeffrey Sprecher’s ICE will run the New York Stock Exchange from Atlanta later this year NYT [NEW YORK] HEN nearly all else had failed, Jeffrey Sprecher flew to New York City and crashed at his sist eNYT; PHOTO: RICH ADDICKS/THE NEW YORK TIMES - 3,055 words
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Article, Illustration806 2013-01-21 20 Its efforts to bolster profit has paid off but path to future growth is less clear NYT [NEW YORK] Morgan Stanley has taken aggressive action to bolster profit. Over the past year, the Wall Street bank has cut thousands of employees, sold costly assetsNYT - 806 words
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445 2013-01-21 20 Proposal lets regulators fine firms that breach data collection limits NYT [BERLIN] EU justice ministers have reacted coolly to a plan that would give consumers the ability to expunge the personal details that Internet businesses have collected on them, essentially allowing individuals toNYT - 445 words
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Article, Illustration887 2013-01-21 21 Fed official sticks to his 5-yr-old claim against the current US treasury secretary Reu ters [WASHINGTON] In the summer of 2007, as storm clouds gathered over the world’s financial system, then-New York Federal Reserve president Timothy Geithner allegedly informed the Bank of AmericaReuters; PHOTO: AP - 887 words
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719 2013-01-21 21 New rules to protect Americans from ‘predatory’ practices Washington Post [WASHINGTON] In the years before the financial crisis, mortgage originators were rewarded with bonuses and higher pay for steering millions of Americans into risky and unsustainable home loans. Starting next January, however, brokers’ andWashington Post - 719 words
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Article, Illustration685 2013-01-21 21 Bloomb erg [CANBERRA] Australia’s government will refrain from implementing “savage” cuts to public-service expenditure in order to fulfil its pledge to return the budget to surplus in this election year, Treasurer Wayne Swan said. “One thing is certain savage cutsBloomberg - 685 words
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Article, Illustration827 2013-01-21 22 ROB CURRAN - Highlight of this week is Apple’s earnings report on Wednesday WALL STREET INSIGHT By ROB CURRAN US STOCKS could test record highs this week as long as earnings from market legend Apple and other industry leaders cooperate. Last week, thePHOTO: AFP - 827 words
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824 2013-01-21 22 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo THE eyes of the world or those at least of global foreign exchange, equity and even bond markets will be riveted today on Tokyo as the Bank of Japan’s (BOJ) Policy Board begins a two-day824 words
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676 2013-01-21 22 Ethical investors may shun shares in firms that don’t pay their fair share of tax Reuters [LONDON] Growing anger at aggressive tax avoidance by big business has prompted ethical investors to consider shunning shares in companies that don’t pay their fair share of tax.Reuters - 676 words
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Page 17 Advertisements
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Advertisement116 2013-01-21 17 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind116 words
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Advertisement289 2013-01-21 18 Clothes by T.M. Lewin and New Look I Photography by Vee Chin ©SPH Magazines Pte Ltd MY PAPER EXECl TIVt is where you will Stand OUt I *"Sg cst corporate stage. Whether you are smart, cool or fiercely competitive, this is your chance to rise and shine above the rest,289 words
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Advertisement84 2013-01-21 19 Buyer's Premium: 12 18% MODERN AND oJoJ CONTEMPORARY ASIAN ART EVENING SALE AUCTION SINGAPORE THURSDAY 24 JAN 2013, 7:30 PM v A,' m V Sk Wm xs arid Chen Suzhong E 3 Srihadi Soedarsono i Shan Ju Ming Preview 21-23 Jan 2013 11 am-8 pm 24 Jan 2013 11 am84 words
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Advertisement267 2013-01-21 20 STPROPERTY SEMINAR PROPERTY INVESTMENT STRATEGY FOR 2013 With the government's latest cooling measures, the Eurozone crisis, the US Fiscal cliFF and the low global interest rate; how will this aFFect YOU and your property? Join our distinguished panel of speakers who will share their views and analyses to help you267 words
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Advertisement1289 2013-01-21 21 V BEATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NEC INFRONTIA AP PTE. LTD. [CO. REG. NO. *****2782G] (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the1,289 words
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Advertisement36 2013-01-21 22 7>y£ iLNn Ap O R VM ssa 5 is <* sser'*S f°o AL '°d*ot*teD M H °*Ch£*o J -'0 i >£^-. ©V *»<«* R *°0 T S 'A TUC PPAK DIGITAL EDITION NOW AVAILABLE D AppStore ;leplay PEAK sPHmagazines36 words
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Advertisement249 2013-01-21 23 The Business Times Now you can read it any way you want. 3* DINING OUT CUSTOMER U-golarian Care SATISFACTION lluil hits all the Service just 01 right spots pact a the equation JP Morgan counts on S-EA to grow rjs ihe Business Time: THE BUSINESS TIMES THE BUSINESS TIMES Smith249 words
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AVIATION/SHIPPING
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Article, Illustration778 2013-01-21 24 Aviation specialists wonder if regulators are too cosy with manufacturers AP [DALLAS] It was not US authorities who acted first to ground the Boeing 787s after two separate and serious battery problems. It was Japanese airlines. The unfolding saga of Boeing’sAP; PHOTO: AP - 778 words
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683 2013-01-21 24 Reuters [TOKYO] Decades of deep business ties between Boeing Co and Japan and the thousands of jobs that depend on them mean that Japan will likely keep rewarding US manufacturers with the bulk of its aviation spending. Boeing’s 80 per cent share of commercialReuters - 683 words
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Article244 2013-01-21 24 SGX '000 Jan 18 S$ +/-Vol CH Offshore 0.50 0.01 318 Chuan Hup Hldg 0.26 -0.01 345 Cosco Corp 0.98 -0.01 ***** s$ Ezra Hldgs 1.20 0.01 5638 First Ship Lea CH Offshore Freight Links 0.07 unch 1913 Grand Banks unch unch 0 Jaya Hold Ltd 0.70 0.01244 words
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Article, Illustration681 2013-01-21 24 Ship manager hopes to pay less than 25% of rent it pays in HK Reuters [HONG KONG] Hong Kong’s 110-year-old Wallem Group, among the world’s top five ship managers, will set up shop in a proposed US$45 billion business zone inReuters; PHOTO: REUTERS - 681 words
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Advertisement21 2013-01-21 24 ft WWW o my sg N x: T O ■P > 7**. s *f o 0 r**. as f 'y m eat.omy.sg21 words
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Page 24 Miscellaneous
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Miscellaneous325 2013-01-21 24 CRYPTIC CROSSWORD Across 7 A beignet, say, may be healthier, doctor finally admitted (7) 8 A mostly forthright party delivering fruit (7) 10 Elected pope is harsh (9) 11 Record broken by unknown composer (5) 12 A well-bred fellow envoy (5) 13 Heels were broken in some other place (9)325 words
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DINING OUT
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Article, Illustration940 2013-01-21 25 JAIME EE - The Naked Finn lives up to its promise of offering natural sweetness and flavours in its food at a fair price, says NEW RESTAURANT JAIME EE The Naked Finn 41 Malan Road Gillman Barracks Singapore *****4 Tel: 6694 0807 (please call after 4pm) Open Monday940 words
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Article, Illustration510 2013-01-21 25 Jaime Ee - PROMOTION By Jaime Ee Shang Palace Shangri-La Hotel Singapore 22 Orange Grove Road Tel: 6213 4398 Until Jan 24 CONFUCIUS said, “Food can never be too good and cooking can never be done too carefully.” But what he didn’t say was, “If you thought my510 words
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Page 25 Advertisements
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Advertisement197 2013-01-21 25 f 'X y* -(M K iS »T ,f '7& AUSPICIOUS BEGINNINGS 2 JANUARY TO 24 FEBRUARY 2013 Celebrate the year of the Snake with a plethora of dining offers. Usher in good health, prosperity and good fortune at Peach Blossoms as Chinese Executive Chef Chan Shun Wong and his team197 words
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SINGAPORE STOCKS
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Article3510 2013-01-21 26 Week ended: Jan 18 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last AAT Week Last Quote Div GrYld 11 5.9 AEM M Cap 159.5 98.5 AIMSAMPIReit 157.5 unch 2284 158 155 1573,510 words
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Article304 2013-01-21 27 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.7 -0.1 ***** 1.8 1.7 1.7 1.8 25.3 Week Last Quote Div Gr Yld Net M Cap High304 words
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Article115 2013-01-21 27 Stock name Close Change CapMallsAsia 2.180 CapitaLand 3.870 +0.010 CapitaMall 2.160 -0.010 CityDev 11.40 -0.150 ComfortDelGro 1.855 +0.010 DBS Grp 14.38 +0.030 F&N 9.580 +0.080 GLP 2.750 +0.030 Genting SP 1.450 +0.010 Golden Agri 0.625 +0.005 Stock name Close Change HK Land 7.620 +0.030 IHH Healthcare115 words
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Article2016 2013-01-21 27 Transaction date: Jan 18 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores 21.50 unch 0 Angang Steel 6.09 0.05 ***** Anhui Conch Anhuiexpresswa 4.89 0.07 2161 Asia Satellite 26.00 0.50 8 Asm Pacific unch Bank Of E Asia 31.40 0.25 1586 Beida Jade Bir 6.09 Beijing2,016 words
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Article272 2013-01-21 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 43.5 25.5 AVJennings A34 unch 55 34.5 34 33 35 3.6 10.3 2.7 88.5 41.5 30 Genting HK US$ US40.5 +1.5 ***** 41.5 38 40.5 41 2666.7272 words
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Article186 2013-01-21 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 12 1 0 0 0 5 12 1 Manufacturing 79 92 27 15 13 7 94 105 34 Commerce 36 35 14 7 6 3 43 41 17 Tpt/Stor/Comms 22 21 4186 words
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Article1064 2013-01-21 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119 +0.5 40 122 119 118.2 118.5 543.2 134.1 120.4 CIMB APAC Div 100S$D 134.1 +1.1 5 134.1 134.1 1341,064 words
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Article123 2013-01-21 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 128,105 128,105 386,154 386,154 Manufacturing 3,086,037 3,642,816 6,728,853 1,573,097 34,153 1,607,250 Commerce 2,001,782 249,747 2,251,529 725,879 12,188 738,067 Tpt/Stor/Comms 771,744 73,190 844,934 1,114,335 23,451 1,137,786 Finance 1,470,719 2,201 1,472,920 1,321,995 911 1,322,906 Construction 2,042,851 1,110,600123 words
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Page 27 Advertisements
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Advertisement26 2013-01-21 27 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article626 2013-01-21 28 Jan 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.97 *****.30 *****.12 Mar13 *****.00 *****.00 *****.00 *****.00 *****3 *****5 Jun13 *****.00 *****.00 *****.00 *****.00 129 2757 MSCI TAIWAN INDEX FUTURES SPOT 274.37 277.90 274.37 Jan13 274.60 277.70 274.00 277.70 ***** *****2 Feb13 274.40626 words
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373 2013-01-21 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 18 Index Change Change Change Change Change Change World Preliminary 974.9 0.1 3.9 0.2 3.9 -0.2 3.4 EAFE Preliminary 808.9 0.5 4.4 0.3 3.7 0.0 3.2 Europe Preliminary 1196.3 -0.1 4.3373 words
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Article, Illustration94 2013-01-21 28 PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1694.80 1686.10 1686.90 INDIA GOLD (E-GOLD) FUT FEB2013 569.70 567.25 568.05 CURRENCY EUR-USD FUT MAR2013 1.3397 1.3368 1.3334 BASE METAL COPPER FUT MAR2013 8112 8070 8110 INDEX IRON ORE (MBIO) IDX FUT JAN2013 144.90 144.10 143.00 IRON94 words
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Article107 2013-01-21 28 Jan 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1429.25 1430.25 1438.50 1421.00 May 13 1416.75 1414.75 1423.25 1408.00 Jul 13 1410.00 1406.00 1416.00 1401.50 Aug 13 1385.00 1379.50 1387.75 1376.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 51.68107 words
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Article70 2013-01-21 28 CRUDE OIL PRODUCTS Jan 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.47 0.43 WTI (Near Mth) 95.36 1.13 Dubai (1-Mth F) 106.11 0.25 Tapis blend 116.21 0.07 Minas 112.81 0.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.44 -0.12 Jet Kerosene 127.24 0.14 US$/barrel OpecOil Basket70 words
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Article24 2013-01-21 28 Jan 18 S$ Bid Offer 1-month 1.2251 1.2255 2-months 1.2251 1.2255 3-months 1.2251 1.2255 6-months 1.2250 1.2254 Source: OCBC Source: OCBC24 words
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Article67 2013-01-21 28 Jan 18 Jan 18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2006.50 2012.75 3 months 2042.00 2048.50 Copper, Grade A(US$/tonne) Cash 8035.75 8026.25 3 months 8061.00 8054.00 Lead(US$/tonne) Cash 2294.00 2275.50 3 months 2301.00 2285.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.0067 words
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Article79 2013-01-21 28 Jan 18 COCOA (£/tonne) Close Prev High/Low Mar 13 1482 1489 1499/1477 May 13 1481 1481 1490/1474 Jul 13 1487 1484 1493/1477 Sep 13 1492 1491 1500/1484 COFFEE(US$/tonne) Close Prev High/Low Jan 13 2026 2028 2028/2015 Mar 13 1976 1978 1989/1962 May 13 1988 1989 2000/1972 Jul 13 199779 words
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1064 2013-01-21 28 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 4 1 146 650 5.00 16 Conv Asiatravel.com HoldingsW*****7 4.2 2 1 25 18 Asiatravel.com HoldingsW*****5 4.6 2 1 27 42 BakerTech W*****5 Prem Best World Intl Ltd1,064 words
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Article470 2013-01-21 28 Jan 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.039 6.540 0.786 8.158 56.674 101.394 0.947 11.123 3.168 1.259 102.757 42.715 1.289 9.313 0.985 30.463 31.334 0.658 1.052 Canada 0.962 6.293470 words
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Article64 2013-01-21 28 Jan 18 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid64 words
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Article135 2013-01-21 28 Jan 18 GOLD(US$/oz) Jan 18 Jan 17 Hong Kong 1698.00 1692.00 Jan 18 Jan 17 London 1686.34 1686.06 1687.56 1686.83 Source: Thomson Reuters CAST BAR Jan 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 149 66 5gm 423 331 10gm 755 663135 words
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Article1249 2013-01-21 28 Jan 18 28 FINANCE COMMODITIES SGX DERIVATIVES TRADING Jan 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.97 *****.30 *****.12 Mar13 *****.00 *****.00 *****.00 *****.00 *****3 *****5 Jun13 *****.00 *****.00 *****.00 *****.00 129 2757 MSCI TAIWAN INDEX FUTURES SPOT 274.37 277.90 274.37 Jan13 274.601,249 words
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Article57 2013-01-21 28 Jan 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2363.0 2343.0 2370.0 2355.0 263 7718 Mar 13 2360.0 2361.0 2402.0 2360.0 6074 ***** Apr 13 2377.0 2379.0 2418.0 2377.0 ***** ***** May 13 2405.0 2401.057 words
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Article154 2013-01-21 28 Jan 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2888 1.2899 1.0521 1.0526 Canadian dollar 1.2401 1.2410 1.0128 1.0124 Euro 1.6393 1.6401 1.3382 1.3384 NZ dollar 1.0240 1.0247 0.8359 0.8362 Sterling pound 1.9577 1.9587 1.5981 1.5984154 words
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Article121 2013-01-21 28 As at 9am Jan 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.320 1.258 Can dollar 1.270 1.210 Euro 1.674 1.595 Sterling pound 1.992 1.916 NZ dollar 1.058 0.999 US dollar 1.247 1.188 Local dollars to 100 units of foreign121 words
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Article156 2013-01-21 28 Jan 18 Jan 18 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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 0.80156 words
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Article2823 2013-01-21 29 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/New2,823 words
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Page 29 Advertisements
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Advertisement27 2013-01-21 29 TO ADVERTISE. CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times?27 words
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Advertisement18 2013-01-21 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Page 30 Advertisements
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Advertisement81 2013-01-21 30 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times SpotlightAward Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment, and Company81 words
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Advertisement15 2013-01-21 30 TO ADVERTISE IN .The Business Times mt liujmvcjj i iivilj Shipping Times CALL JOE WONG15 words
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Page 31 Advertisements
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Advertisement71 2013-01-21 31 Ait MflM McJ is kiss fl o GREAT MUSIC RELATIONSHIPS FASHION FOOD HEALTH a WELLNESS PSYCHOLOGICAL INSIGHTS ST MADDY, JASON ARNOLD IN THE MORNING WEEKDAYS 6:00AM- 10:00AM LOOKING GOOD MONEY MOVIE REVIEWS kiss All the great songs in one place kiss92.sg 13 facebook.com/kiss92fm @kiss92fm KISS92 IS PART OF SPH RADIO71 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration875 2013-01-21 32 reportsVICTORIA HO - LinkedIn reveals how its strategy is different from other sites, reportsVICTORIA reportsVICTORIA HO LINKEDIN has always tried to keep itself at arm’s length from other social networks. It can be found typically reminding everyone of its “professional” status compared to the likes of875 words
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Article, Illustration665 2013-01-21 32 VICTORIA HO - By VICTORIA HO THE rent-a-room business online is getting crowded, with the crop of websites specialising in offering short-term stays to travellers having mushroomed in the past few years. O f th e l o t Roomorama, and Wimdu A i r b n b665 words
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427 2013-01-21 32 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY MICROSOFT has launched the New Office (also known as Office 2013), Exchange 2013, Lync 2013, SharePoint 2013, Project 2013, and Visio 2013 through Microsoft volume licensing for new and existing customers in Singapore. Todd Cione, Microsoft Asia-Pacific’s427 words
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Article, Illustration819 2013-01-21 32 AMIT ROY CHOUDHURY - Consumers no longer view PCs as the No 1 gift item BY AMIT ROY CHOUDHURY WITH the numbers finally in, it’s become official. Due to the popularity of tablets and other mobile devices, the sales of PCs fell last year 3.5819 words
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251 2013-01-21 32 Reuters [HELSINKI] Samsung and Apple pulled ahead in the global smartphone race last quarter, according to forecasts by analysts in a Reuters poll, while Nokia and others are expected to have fallen further behind. Overall shipments of handsets are expected to have risen inReuters - 251 words
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Article, Illustration835 2013-01-21 31 AMIT ROY CHOUDHURY - 70% of organisations in region plan to use IoT solutions in next two years: study By AMIT ROY CHOUDHURY WITH the increasing use of barcodes and RFID (radiofrequency identification) tags, the next big buzzword in IT could well be IoT:835 words
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Article, Illustration417 2013-01-21 31 Initial demand caused delays in accessing the service AFP [WELLINGTON] Megaupload founder Kim Dotcom claimed a “massive” response to his new file-shar-ing service yesterday, launched exactly one year after he was arrested in the world’s biggest online piracy case. The mega.co.nz website, which replacesAFP; PHOTO: AP - 417 words
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