The Business Times, 26 January 2013

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Microfilm: NL32354
Total Pages: 49
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JANUARY 26-27, 2013 S$1.00 MICA (P) 075/08/2012
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  • Article
    Lock icon SPV may not escape ABSD
    34 1 ALERT TAXMEN CORPORATE entities seeking to avoid paying ABSD by buying shares in special purpose vehicles that own properties could come under the scrutiny of the tax authorities. 2
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  • Article
    Lock icon Signs of speculative buys
    39 1 STATE OF PROPERTY URA’s Q4 real estate statistics show evidence of the investment and speculative activity that drove various segments of the Singapore property market last year and led to the latest cooling measures. 3
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  • Article
    Lock icon Waiting for the winner
    31 1 PUNGGOL EAST SOME 31,649 voters head to the polls today to cast their vote for one of four aspiring parliamentarians. Results are expected at about 11pm. 5
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  • Article
    Lock icon Officials talk down currency
    30 1 YEN SLIDE THE yen resumed its downward slide yesterday after a senior Japanese government official insisted the currency’s recent sharp decline was not yet over. 8
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  • Article
    Lock icon Pharma cushions fall in Dec factory output
    706 1  -  Upgrade to 2012 GDP growth expected; electronics sector to remain a drag in 2013 By Teh Shi Ning tshining@sph.com.sg SingaporeASURGE in pharmaceutical output last month once again helped to mask the impact of poor electronics output on Singapore’s overall manufacturing numbers. Industrial production
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  • Article, Illustration
    Lock icon Nest egg or bubble? Birds living in hot property market
    700 1  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur THEY live in houses that cost more than the average Malaysian’s. But because of their potential harvest of 1.5-2 kg of edible birdnest every month, developer-cum-licensed swiftlet farmer Swiftlet Eco Park Group is attentive
    PHOTO: SWIFTLET ECO PARK GROUP  -  700 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 GSTI 3,269.31 (+20.92) GSTI FUTURES 3,269.00 (+21.00) GSIMSCI 366.11 (+1.29) GSIMSCI FUTURES 366.30 (+0.90) Friday Change KL COMP 1,637.13 +1.88 NIKKEI 225 10,926.65 +305.78 HANG SENG 23,580.43 -18.47 SET 1,461.41 +12.32 JAKARTA 4,437.60 +18.87 MANILA 6,167.64 +50.37 KOSPI 1,946.69 -17.79 SHENZHEN B 831.58 -1.39 MUMBAI IND 20,103.53 +179.75 11.00
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.788 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg
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      • Article
        Lock icon FOREX
        48 2 US$ S$ US$ (S$ per US$) 1.230 (US$/S$ per 1.579 1.942 EURO(US$/S$/€) 1.341 1.649 Foreign currency per US$ S$ YEN 90.50 73.60 RM 3.047 2.478 HK$ 7.754 6.305 BAHT 29.90 24.31 RUPIAH 9,675 7,867 RENMINBI 6.220 5.058 INDIAN RUPEE 53.66 43.63 A$ 0.956 0.778 NZ$ 1.194 0.971
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    • Article, Illustration
      Lock icon Residential property buys via SPV may not escape ABSD
      363 2  -  Special purpose vehicle arrangements may be disregarded, says IRAS By Felda Chay feldac@sph.com.sg Singapore CORPORATE entities seeking to avoid paying the additional buyers’ stamp duty (ABSD) by buying shares in special purpose vehicles that own properties could come under the scrutiny
      363 words
    • Article
      Lock icon Residential property of firm subject to top ABSD rate of 15%
      120 2 LETTER TO THE editor WE refer to the article “ABSD hike may see more investing in property SPVs” published in The Business Times on Jan 24. When a company buys a residential property, it will be subject to ABSD,
      120 words
    • Article
      Lock icon URA Q4 stats show signs of speculative buys
      939 3  -  2012 numbers also show price indices for homes, offices, shops outperformed their respective rental trends Reports by Kalpana Rashiwala kalpana@sph.com.sg Singapore THE Urban Redevelopment Authority’s (URA) fourth-quarter real estate statistics show evidence of the investment and speculative activity that drove various segments
      939 words
    • Article
      Lock icon OCR completed condos fared better
      573 3 IN the private residential segment, the prices of completed, non-land-ed private homes in the Outside Central Region (OCR) led fourth-quarter gains, rising 5.6 per cent quarter-on-quarter in the fourth quarter last year. In the price indices compiled by the Urban Redevelopment Authority (URA), the index
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    • Article, Illustration
      Lock icon AirAsia decides against flights to India, China from Singapore
      623 4  -  It says routes under three hours allow better revenue returns as more sectors are flown By Ven Sreenivasan ven@sph.com.sg Singapore MALAYSIAN low-cost carrier AirAsia will not operate flights to China and India from Singapore, following a strategic review of its operations.
      PHOTO: BLOOMBERG  -  623 words
    • Article
      Lock icon UK economy flirts with ‘triple-dip’ recession
      310 4 Reuters London BRITAIN’S economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London’s Olympics pushing it perilously close to a “triple-dip” recession. The country’s gross domestic product fell 0.3
      Reuters  -  310 words
    • Article, Illustration
      Lock icon Whose name will Yam announce tonight?
      1004 5  -  Result of Punggol East by-election eagerly awaited for the message it will send about Singaporeans at large By Lee U-Wen leeuwen@sph.com.sg Singapore ON Dec 12 last year, at around lunchtime, normally sleepy Punggol East received a rude jolt when Michael Palmer appeared before the
      FILE PHOTOS; PHOTO: YEN MENG JIIN  -  1,004 words
    • Article
      Lock icon HDB resale prices seen remaining stable
      597 6  -  The latest round of property-cooling measures will put a lid on price increases, say consultants By Mindy Tan tanmindy@sph.com.sg Singapore EVEN as prices of resale flats hit new peaks in the fourth quarter of 2012, consultants say that prices should remain stable in the
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    • Article, Illustration
      Lock icon Starbucks prospers as US cafes thrive
      736 6 AP New York AMERICANS still need their Starbucks fix even in the weak economy. The Seattle-based coffee chain said on Thursday that its profit rose 13 per cent in the latest quarter, in line with Wall Street expectations. Results were boosted by a 6
      AP; PHOTO: REUTERS  -  736 words
    • Article, Illustration
      Lock icon Yen keeps sliding as officials ‘talk it down’
      618 8  -  ‘Oral’ intervention tactics raising eyebrows among overseas leaders; concerns of currency manipulation voiced By Anthony Rowley btworld@sph.com.sg Tokyo THE yen resumed its controversial downward slide yesterday after a senior Japanese government official insisted that the currency’s recent sharp decline was not yet
      PHOTOS: REUTERS, BLOOMBERG  -  618 words
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      60 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 LIVING Design L2-4 Dining L5-9 CEOs’ Hawker Choices L10-12 Gadgets L13 Home Garden
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      Lock icon Page 3 Advertisements Column 1
      67 3 l+mtii W CENTALINE PROPERTY Meyer Vicinity OPEN HOUSE Saturday, 3pm 5pm Brand New Semi-D Out of The Box Tree House Design. High Ceiling Upto 3 Storey High. L: 3390 sqft B: 5000 sqft Hanrik Tan CEA Reg No. :R*****7I *****998/9489 3352 Centaline (Singapore) Property Agency Pte. Limited CEA Licence No.:
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      186 5 Notice of Appointment of a Liquidator under Section 204 of the BVI Business Company Act. AP Co Ltd (In Voluntary Liquidation) Company No. *****4 NOTICE is hereby given pursuant to Section 204, subsection 1 (b) of The BVI Business Companies Act, 2004 that the Company is in voluntary liquidation. The
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      48 6 FEBRUARY ISSUE OUT NOW! HOmED I SPRING SEASON EASYTO-OO FENGSHUI AUSPICIOUS r^anPr0P—32 rWA TO OR ORES HOME DECOR'S Chinese New Year Giveaway #$1 2,000 WORTH OF GIFTS! 0M PREMIUM MATTRESS NIPPON PAINT HOME PAINTING SERVICES POP AND CONTEMPORARY FINE ART LIMITED-EDITION LITHOGRAPH Enter to win at homeanddecor.com.sg/prornotions sPHmagazines
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      Lock icon Page 7 Advertisements Column 1
      79 7 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!' I vm m u W*y tel 52 J i 2 2 Z! B 5! ft -t 'Terms conditions apply
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      208 8 THE BUSINESS TIMES SATURDAY SPECIAL Have a drink on us! Enjoy a complimentary bottle of award winning Amadio Sangiovese wine worth $89 from Parsley and Thyme Restaurant with this advertisement! Venue 61 Kampong Bahru Road, Singapore *****8, Tel: 6226 2801 Website: www.parsleythyme.com Terms conditions S J:QTQ8’QR 5E!’? +:QT @)8( NER
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  • WEEK IN REVIEW
    • THIS WEEK Jan 21-25, 2013
      • Article
        Lock icon When even the GM has to play chambermaid
        37 9 WHILE Singapore hotels have chalked up significant growth since the 2009 financial crisis, securing enough staff to run operations in today’s tight labour market is easier said than done.
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      • Article
        Lock icon More projects offer discounts to offset ABSD
        38 9 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 cool the private property market.
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      • Article
        Lock icon F&N affair ends after TCC's final thrust
        33 9 THAI tycoon Charoen Sirivadhanabhakdi has emerged as the winner of the Fraser and Neave takeover battle after property developer Overseas Union Enterprise pulled out on Monday.
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      • Article
        Lock icon Govt unveils $2b package to reverse low birth rate
        65 9 MARRIED couples, with children under the age of 16, buying HDB flats for the first time will get priority allocation of new flats. Meanwhile, fathers will get paid paternity leave of one week. These were part of a bumper $2 billion
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      • Article
        Lock icon Buyers snap up shop space in Alexandra Central
        56 9 THE launch of Alexandra Central attracted a huge crowd of buyers. Overall, all but two of the 116 units –which ranged between 10-103 square metres and cost as much as $7,000 per square foot for space on the first level were sold
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      • Article
        Lock icon For banks, homes are where the margins are
        44 9 BANKS are enjoying better margins on home loans after scrapping subsidies in the last quarter and raising prices. The competitive mortgage market eased off somewhat as banks adjusted their prices upwards in the past few months.
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      • Article
        Lock icon BoJ yields on inflation target, but yen raises head
        54 9 RESPONDING to intense political pressure from the government, the Bank of Japan on Tuesday went beyond market expectations by announcing not only a doubling of its current annual inflation target to 2 per cent, but also by making an “open-ended” commitment
        54 words
      • Article
        Lock icon India hikes duty to take shine off gold imports
        46 9 WORRIED by the corrosive effect of rising gold imports on India’s current account deficit, the government has hiked the import duty on the yellow metal by 50 per cent from 4 per cent to 6 per cent.
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      • Article
        Lock icon No U-turn as clock ticks for developers
        48 9 THE authorities are standing firm on the rule that all units in projects with any foreign ownership must be sold within two years of the project receiving its temporary occupation permit, even as developers lobby the government to extend the timeframe.
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      • Article
        Lock icon India will return to 8% growth trajectory: minister
        42 9 THE dip in India’s economic growth rate is “purely temporary” and growth will return to its potential rate of 8 per cent “within a couple of years”, according to Indian Finance Minister P Chidambaram.
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      • Article
        Lock icon Govt casts a cold eye on shops, office space
        48 9 THE sudden burst of activity in the commercial property sector has caught the government’s eye, and indications are that it may extend cooling measures to this sector if transactions rise above what it deems to be the comfort level.
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      • Article, Illustration
        Lock icon Not Santa Claus, but see the results: PM Lee
        109 9 PRIME Minister Lee Hsien Loong said a vote today for the “right candidate” the People’s Action Party’s Koh Poh Koon was a signal that residents supported the good work of the government. It was not a populist “Santa Claus” government, he
        PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  109 words
      • Article
        Lock icon Apple misses revenue forecast, shares drop 10%
        47 9 APPLE took a battering after it posted the slowest profit growth since 2003 and the weakest sales increase in 14 quarters, hit by higher costs and stiffening competition. Its shares fell 10 per cent to US$463 in in New York.
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    • Article
      Lock icon NEXT WEEK Jan 28-Feb 1
      71 9 US DATA Jan 28 Dec pending home sales index Jan 29 Jan consumer confidence Jan 30 Jan ADP employment report Jan 31 Jan Chicago PMI Feb 1 Dec construction spending SINGAPORE DATA Jan 29 Dec producer and int’l trade price indices Jan 31 Dec unemployment
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      367 9 CRYPTIC CROSSWORD Across 1 Wrapped gift, being soft on Clare, perhaps (6) 4 It’s suspended just before Christmas (8) 9 Game in crackers is a mystery (6) 10 One that talks one round to see Handel’s Messiah? (8) 12 Dead drunk, providing old stories (4) 13 Christmastide presents of theatre
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      17 9 SATURDAY with Ludwig I want to be my own boss but then, who will raise my salary?
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The knight of science
      2486 10 / 11  -  Society must be comfortable with science to fully exploit it, says Royal Society president and Nobel Laureate Paul Nurse. By Anna Teo By Anna Teo anna@sph.com. sg British biologist sir Paul Nurse won the 2001 Nobel Prize for his work on the role of DNA in
      PHOTO: ARTHUR LEE  -  2,486 words
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  • COMPANY NEWS
    • Article
      Lock icon SingPost third-quarter profit falls 5.1% to $39.5m
      361 12  -  Higher business development costs and property-related expenses take their toll By Jasmine Ng jasng@sph.com.sg Singapore SINGAPORE Post has reported lower third-quarter profit, citing higher costs for business development and property-related expenses. Net profit fell 5.1 per cent to $39.5 million, or 1.889 cents
      361 words
    • Article
      Lock icon Keppel Corp shares jump 11% on record dividends
      439 12  -  By Lynn Kan lynnkan@sph.com.sg Singapore KEPPEL Corporation shares shot to a four-month high yesterday, gaining 11 cents to close at $11.45, after its announcement of record dividends of 72.4 cents for the full year of 2012. The group on Thursday proposed a
      439 words
    • Article
      Lock icon Marco Polo Q1 net profit up 3% despite 38% fall in revenue
      292 12  -  By Carine Lee carinel@sph.com.sg Singapore MARCO Polo Marine Ltd clocked a 3 per cent rise in net profit for the fiscal first quarter ended Dec 31, despite a 38 per cent drop in turnover. Profit attributable to shareholders
      292 words
    • Article
      Lock icon CCS invites feedback on STX OSV deal with Fincantieri
      369 12  -  By Lynn Kan lynnkan@sph.com.sg Singapore THE Competition Commission of Singapore (CCS) is seeking public feedback on whether Italian shipbuilder Fincantieri’s proposed takeover of Singapore-in-corporated STX OSV may lead to “a substantial lessening of competition within any market in Singapore”. STX is
      369 words
    • Article, Illustration
      Lock icon Cautious optimism pushes STI to 2-yr high
      507 13  -  STOCKS Ven Sreenivasan ven@sph.com.sg Senior Correspondent THE Straits Times Index closed at a two-year high yesterday amid strong overnight closings on Wall Street and positive projections for 2013 by key bankers, gaining 20.92 points to 3,269.31. The Jardine stocks and Keppel Corp lent
      507 words
    • Article
      Lock icon TOP GAINERS
      57 13 BY CENTS CLOSE UP JMH 6590 233.6 3.0 Jardine C&C 5225 168.0 3.3 DBXT FTVietnam 10US$ 2544 115.6 3.8 DBXT E50 10US$ 4290 71.3 1.4 DBS.ES.1301 1473 32.0 2.2 DBS Bk 4.7% NCPS 100 ***** 25.0 0.2 SuperGroup 344 22.0 6.8 STXPO 100 648 21.0 3.3 JSH 3880
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    • Article
      Lock icon TOP LOSERS
      63 13 BY CENTS CLOSEDOWN Hyflux 6% CPS 10 ***** -271.0 -2.5 GLD 10US$ ***** -131.6 -0.7 DBXT MSKorea 10US$ 5932 -123.0 -1.7 DBXT Nifty 10US$ ***** -119.3 -0.8 DairyFarm 1181 -39.4 -2.6 Lyxor China H 10US$ 1570 -30.7 -1.6 Lyxor Korea 10US$ 519 -23.4 -3.5 IS LC BND 100US$
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    • Article
      Lock icon Etika can tap TYJ’s China network for expansion
      382 13  -  By Teo Si Jia teosj@sph.com.sg Singapore ETIKA International Holdings will be able to gain a stronger foothold in China now that it is officially linked to Tee Yih Jia Food Manufacturing (TYJ). “In terms of turnover, (China’s contribution) is not even one
      382 words
    • Article
      Lock icon Asia Power files police report after financial controller admits to wrongdoing
      348 13  -  By Ong Chor Hao ongch@sph.com.sg Singapore MAINBOARD-listed Asia Power Corporation has filed a police report after its financial controller admitted to wrongfully withdrawing company funds. The green energy firm said yesterday that Tan Liang Kwang had forged signatures on
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    • Article
      Lock icon TOP 20 ACTIVES
      172 13 VOL CLOSE MDR 176,067 1 9 0 0 0.0 J i utianC 171,554 8 4 1 5 21.7 YHM 166,657 4 3 0 0 0.0 ICP 127,822 0 5 0 0 0.0 Innopac 120,497 1 9 3 -0 6 -3.0 IPCO I ntl 113,746 2 2 0
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    • Article
      Lock icon STI STOCKS
      111 13 Stock name Close Change CapMallsAsia 2.140 CapitaLand 3.980 +0.040 CapitaMall 2.120 -0.010 CityDev 11.30 +0.040 ComfortDelGro 1.880 +0.005 DBS Grp 14.72 +0.080 F&N 9.550 GLP 2.730 +0.010 Genting SP 1.450 +0.010 Golden Agri 0.630 +0.005 HK Land 8.080 +0.060 IHH Healthcare 1.355 -0.005 JMH 65.90 +1.900 JSH 38.80
      111 words
    • Article
      Lock icon Larger penny stocks take on new shine
      619 14  -  They post 9.7% gain in the year to date, versus STI’s 2% By Cai Haoxiang haoxiang@sph.com.sg Singapore THE larger penny stocks on the Singapore Exchange have done well so far in the new year, said the Singapore Exchange (SGX) in a market update
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    • Business briefing
      • Article
        Lock icon Frasers Commercial Trust’s Q1 DPU up 4.6%
        56 14 FRASERS Commercial Trust posted a distribution per unit of 1.58 cents for the first quarter ended Dec 31, 2012 4.6 per cent higher than a year ago. Although net property income fell 6.9 per cent to $22.9 million, lower interest costs helped boost
        56 words
      • Article
        Lock icon SingXpress substantial shareholder sells stake
        59 14 SINGXPRESS Land Ltd’s substantial shareholder, Xpress Credit Ltd, has sold a stake of around 19.8 per cent in SingXpress at 1.35 cents a share to 19 investors for some $34.4 million. Xpress Credit is a wholly owned subsidiary of Hong Kong-listed Xpress Group. Following the
        59 words
    • Article
      Lock icon MCT raises $225m from sale of new units
      386 15  -  Placement was 2.9 times oversubscribed; bulk of proceeds to part fund purchase of 60 Anson Road By Mindy Tan tanmindy@sph.com.sg Singapore MAPLETREE Commercial Trust (MCT) has raised $225 million from the sale of 192.3 million new units priced at $1.17 apiece, near
      386 words
    • Article
      Lock icon RH Energy plans reverse takeover with China developer
      421 15  -  By Kenneth Lim kenlim@sph.com.sg Singapore RH Energy plans to undertake a reverse takeover that will transform the loss-making oil and gas equipment company into a Chinese property developer. RH Energy said yesterday that it had entered into a “non-bind-ing memorandum of understanding”
      421 words
    • Article, Illustration
      Lock icon PLife Reit’s DPU for Q4 up 9.5%
      538 15  -  By Nisha Ramchandani nishar@sph.com.sg Singapore PARKWAY Life Real Estate Investment Trust’s (PLife Reit) distribution per unit (DPU) for the fourth quarter ended Dec 31, 2012, increased 9.5 per cent year-on-year to 2.69 cents from 2.47 cents. Gross revenue rose 5 per cent from
      PHOTO: AFP  -  538 words
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      58 14 Check out these positions and more in CATS Recruit today! Temasek Polytechnic is recruiting Senior Lecturers/ Lecturers The Robinsons Group is hiring Sales Supervisors SKULD is looking for an Underwriting Assistant Singapore Power has a position open for an Engineer Roche Singapore has a vacancy for a Marketing Manager Also
      58 words
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      Lock icon Page 14 Advertisements Column 2
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Benefiting from good succession planning
      885 16  -  It can produce committed and driven employees who will blossom into leaders; and help the business survive changes FROM THE DESK OF Francis Koh Managing Director Capita Staffing Search ANY think that large multi-na-tional companies have elaborate succession plans in place but the converse is
      885 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singapore seals ties with African continent
      545 17  -  It opens first trade office there, names first ambassador, inks cooperative accords By Malminderjit Singh msingh@sph.com.sg SINGAPORE’S relations with the African continent received a boost yesterday with the opening of its first trade office in the continent, the appointment of its first ambassador to
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    • Article
      Lock icon S’pore up on business attractiveness ranking
      426 17  -  In labour and material costs, its standing falls By Kenneth Lim kenlim@sph.com.sg SINGAPORE is a slightly more attractive place to do business in 2013, though labour and material costs have gotten worse, according to a global ranking by Bloomberg. The Republic was ranked the
      426 words
    • Article
      Lock icon New ExxonMobil power plants boost generation capacity here
      483 17  -  By Ronnie Lim ronnie@sph.com.sg THE start-up of ExxonMobil’s two latest power plants for its new multi-billion-dollar petrochemical complex brings the total number of such in-house power plants run by big industries here to 10, the Energy Market Company (EMC) says. Together, they
      483 words
    • Article
      Lock icon SICCI names Sanjoy Chowdhury as its new CEO
      360 18  -  By Malminderjit Singh msingh@sph.com.sg THE Singapore Indian Chamber of Commerce Industry (SICCI) has announced the appointment of a new chief executive officer, more than six months after its former head honcho resigned. Sanjoy Chowdhury, 53, will join SICCI towards the end of
      360 words
    • Article
      Lock icon AXA settles with estate of Ferrari-crash victim Ma
      438 18  -  All third-party victims or their families will also get compensation By Grace Leong gleong@sph.com.sg AXA Insurance Singapore, which initially rejected any payout to the family of Chinese national Ma Chi who died in a deadly Ferrari crash last May along with two
      438 words
    • Article, Illustration
      Lock icon Banks’ red packets steeped in tradition
      206 18  -  By Arthur Lee arthurl@sph.com.sg TRADITIONAL art forms seem to be in vogue this year, where Chinese New Year red packets are concerned. UOB’s lace-like red packets are inspired by the art of Chinese paper-cutting. Said UOB vice-president Jamie Lee: “Singaporeans prefer the traditions of
      PHOTO: ARTHUR LEE  -  206 words
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  • WORLD
    • Article
      Lock icon China warns of fresh hot money inflows
      493 19 It points to monetary easing by major economies and investors betting on continued rise in yuan Bloomberg Beijing CHINA’S foreign-exchange regulator renewed concerns that the nation will see fresh speculative inflows of money after the US and Japanese central banks said they would
      Bloomberg  -  493 words
    • Article, Illustration
      Lock icon Jaguar banks on China to defray royalty payments
      436 19 Bloomberg Mumbai JAGUAR Land Rover plc, the luxury unit of India’s biggest carmaker, is betting surging sales in China will help it defray royalty payments triggered by the company setting up factories outside the UK. Jaguar is liable to pay royalties to
      Bloomberg; PHOTO: AFP  -  436 words
    • Article
      Lock icon ST Telemedia, Axiata may bid for Myanmar telecom licences
      406 19 Bloomberg Kuala Lumpur MYANMAR attracted at least two expressions of interest for telecommunications licences to be issued as the country tries to boost one of Asia’s lowest phone penetration rates following decades of military rule. Axiata Group Bhd, Malaysia’s biggest mobile-phone
      Bloomberg  -  406 words
    • Article, Illustration
      Lock icon Three foreign firms in Malaysia pledge RM5.5b investments
      412 20  -  Japanese, German firms eye joint ventures with Petronas; Korea firm may boost investments WORLD ECONOMIC FORUM By S Jayasankaran btworld@sph.com.sg Kuala Lumpur PRIME Minister Najib Razak yesterday unveiled potential investments worth RM5.5 billion (S$2.22 billion) from three companies in Malaysia. Mr Najib
      PHOTO: BLOOMBERG  -  412 words
    • Article
      Lock icon Cameron tells world leaders he is not turning his back on Europe
      369 20 AFP Davos BRITISH Prime Minister David Cameron insisted he was not turning his back on Europe as he came face to face with world leaders for the first time since unveiling plans for an EU referendum. The global
      AFP  -  369 words
    • Article, Illustration
      Lock icon Apple clamps down on labour abuse
      783 21 It steps up audits on suppliers, cracking down on underage labour, work hours violations Reu ters San Francisco APPLE Inc stepped up audits of working conditions at major suppliers last year, discovering multiple cases of underage workers, discrimination and wage problems. The iPhone and
      Reuters; PHOTO: AFP  -  783 words
    • Article
      Lock icon Venetian Macau sues 2 gamblers over debts
      428 21 AP Hong Kong US billionaire Sheldon Adelson’s flagship Macau casino is suing two mainland Chinese high-roll-ers over debts worth millions in a case that provides a rare glimpse into the VIP culture that powers the gambling enclave. The Venetian Macau took legal action
      AP  -  428 words
    • Article
      Lock icon Senators press for EU trade talks to address agriculture
      327 21 Reuters Washington FOUR Republican farm state US senators on Thursday expressed concern that possible free trade talks between the United States and European Union may not dismantle longstanding EU barriers to US pork, beef, poultry and other farm products. “Our trade
      Reuters  -  327 words
    • Article, Illustration
      Lock icon Surprise drop for new home sales in Dec
      404 22 They decline 7.3% to a 369,000 rate following Nov’s 398,000 pace LATEST US DATA Bloomberg Washington PURCHASES of new US homes unexpectedly dropped in December, indicating the US housing rebound will take time to develop after the industry completed its first year
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    • Briefing
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        Lock icon Li Ning to raise HK$1.87b from share sale
        73 22 AFP Hong Kong LEADING Chinese sportswear firm Li Ning Company yesterday said it plans to raise up to HK$1.87 billion (S$296 million) through a share sale to revitalise its brand and stimulate business development. The Hong Kong-listed company plans to raise HK$1.85
        AFP  -  73 words
      • Article
        Lock icon Women gain more seats on European boards
        90 22 Bloomberg Brussels MORE women gained a seat on company boards in the European Union last year with their share climbing to 15.8 per cent in October, according to European Commission figures. The roll call of female directors increased on management and supervisory boards
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      • Article
        Lock icon German business confidence improves
        120 22 AP Berlin A CLOSELY watched survey is showing a big-ger-than-expected increase in German business confidence as hopes rise the country will quickly put behind it a weak patch at the end of last year. The Ifo institute yesterday said that its confidence index rose to 104.2
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      • Article
        Lock icon Current account gap narrows in Greece
        86 22 Reuters Athens GREECE’S current account gap narrowed by more than two-thirds in the year to November due to falls in imports by austerity-hit consumers and lower interest payments after a sovereign debt cut. Figures from the Greek central bank released yesterday said the current
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    • Article
      Lock icon Banks to make early payback of loans
      376 22 278 lenders will repay 137.2b euros of crisis cash to ECB next week Reuters Frankfurt BANKS will repay more than 130 billion euros (S$216 billion) of crisis loans to the European Central Bank (ECB) next week, handing more cash back early than expected
      Reuters  -  376 words
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      46 20 I m mu $2.05 million for an executive condo in Tampines? > i Find a more affordable home on STProperty.sg v K I 1 i Download the STProperty App for iPhone, iPad Android now! At STProperty, your ideal property isn’t hard to find. ■f STProperty.SG STPropertySG STPROPERTY.sg
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      25 22 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WW1M.HOTFM.SG I FACEBOOK.COM/HOTFMSG I J* HOTFMSG
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  • Article
    Lock icon SGX
    8261 23 Transaction date: Jan 25 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 14 unch 50 14.1 14 14 14.3 66.8 0.4 3.4 67 6 3 A-Sonic 4 unch 102 4 4
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  • Article
    Lock icon SGX CATALIST
    1862 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.8 t 800 Super 19.8 19.4 22 3.3 5.1 5.9 35.4 4 3 t AA Grp 3.1 3.3 4.3 3 96 17.2 t APStrategic
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 5 0 0 0 8 4 5 Manufacturing 72 48 39 6 7 11 78 55 50 Commerce 33 17 17 5 3 3 38 20 20 Tpt/Stor/Comms 17 17 5
    186 words
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    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,326 15,326 94,074 94,074 Manufacturing 779,735 238,439 1,018,174 403,611 3,179 406,790 Commerce 269,919 26,667 296,586 155,976 1,481 157,457 Tpt/Stor/Comms 184,560 14,091 198,651 202,665 4,578 207,243 Finance 138,983 1,163 140,146 169,134 482 169,616 Construction 224,870 170,652
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    Lock icon BT SHARE INFORMATION SERVICE
    774 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 21 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Asia Enterprises Hldg 23-Jan-13 Chong Thim Pheng Winstedt Buy 345 0.26 ***** 5.75 ***** 5.85 China Jishan
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  • MARKETS
    • Article
      Lock icon LIFFE
      79 27 Jan 24 COCOA (£/tonne) Close Prev High/Low Mar 13 1438 1447 1455/1430 May 13 1446 1453 1462/1438 Jul 13 1455 1461 1469/1446 Sep 13 1463 1470 1475/1456 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1996 2012 2015/2015 Mar 13 1946 1962 1985/1938 May 13 1962 1978 2000/1955 Jul 13 1973
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      Lock icon METALS
      67 27 Jan 25 GOLD(US$/oz) Jan 24 Jan 25 Hong Kong 1688.00 1681.20 Jan 23 Jan 24 London 1685.04 1674.36 1686.26 1675.13 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 39.30 38.65 Source: UOB PLATINUM Lon (US$/oz) Jan 24 Close Previous PM Fix 1680.00 1698.00 AM Fix 1687.00 1694.00 Source:
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      Lock icon PALM OIL
      57 27 Jan 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2377.0 2410.0 2383.0 2370.0 263 6176 Mar 13 2430.0 2453.0 2436.0 2409.0 4896 ***** Apr 13 2462.0 2481.0 2467.0 2442.0 ***** ***** May 13 2486.0 2508.0
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      Lock icon GOVERNMENT SECURITIES
      90 27 Jan 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 25-Apr-13 0.24 6-Month BS*****F 25-Jul-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.83 5-Year N*****0Z 2.375 01-Apr-17 108.37
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jan 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2858 1.2865 1.0456 1.0459 Canadian dollar 1.2255 1.2263 0.9970 0.9966 Euro 1.6490 1.6498 1.3410 1.3413 NZ dollar 1.0294 1.0301 0.8371 0.8375 Sterling pound 1.9416 1.9425 1.5789 1.5793
      154 words
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      Lock icon SMX MARKET UPDATE
      95 27 As on 24 January 2013 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1683.00 1666.10 1669.80 INDIA GOLD (E-GOLD) FUT FEB2013 569.30 566.50 567.05 CURRENCY EUR-USD FUT MAR2013 1.3351 1.3300 1.3373 BASE METAL COPPER FUT MAR2013 8135 8102 8104 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      103 27 Jan 24 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 13 1435.25 1437.00 1439.00 1415.00 May 13 1423.75 1426.75 1428.25 1404.50 Jul 13 1417.50 1419.75 1421.50 1398.25 Aug 13 1392.50 1394.50 1393.25 1376.25 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 13 52.11 52.03 52.20 51.50
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      Lock icon OIL
      68 27 Jan 24 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 113.72 0.93 WTI (Near Mth) 95.22 0.37 Dubai (1-Mth F) 108.16 0.26 Tapis blend 119.13 1.02 Minas 115.23 0.52 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.89 0.06 Jet Kerosene 129.1 0.15 US$/barrel OpecOil Basket Price 109.48
      68 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 Jan 25 '/itgAiwfi i 0 f-;\ i. 'HU iht 1or*>yA Ciifftnxy. Cu>i«nUO« S*l« fSuy JUist dollar 1.316 5.254 Can dollar 1.25G l.W Euro Teas T.605 Sterling pound 1,980 1.904 M2 dollar 1.D64 ’.004 US dollar 1.2S5 LI 96 1 »V,.J •O# *r\'TT ri ITT- ity Cvi
      121 words
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      Lock icon LONDON METALS
      69 27 Jan 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2041.00 2039.50 3 months 2076.00 2076.00 Copper, Grade A (US$/tonne) Cash 8064.50 8073.00 3 months 8095.50 8103.00 Lead (US$/tonne) Cash 2396.00 2361.50 3 months 2403.00 2370.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 24 Index Change Change Change Change Change Change World Preliminary 985.8 0.6 5.1 0.5 5.1 0.5 4.6 EAFE Preliminary 812.5 0.7 4.9 0.6 4.3 0.5 3.8 Europe Preliminary 1208.3 0.7 5.3
      373 words
    • STOCK MARKETS
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        Lock icon Straits Times Index
        20 27 YTD change: +3.23% 52-week high: 3,269.31 on Jan 25,2013 52-week low: 2,698.90 on June 4,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
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        Lock icon Hang Seng Index
        20 27 YTD change: +4.08% 52-week high: 23,710.87 on Jan 23,2013 52-week low: 18,056.40 on June 4,2012 Source: Bloomberg
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        Lock icon Shanghai Stock Exchange Composite
        22 27 YTD change: +0.98% 52-week high: 2,478.38 on Feb 27, 2012 52-week low: 1,949.46 on Dec 4,2012 Source: Bloomberg
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        Lock icon Nikkei 225
        19 27 YTD change: +5.11% 52-week high: 10,952.31 on Jan 15,2013 52-week low: 8,238.96 on June 4,2012 Source: Bloomberg
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        Lock icon Dow Jones Industrial Average
        26 27 YTD change: +5.50% 52-week high: 13,879.66 on Jan 25,2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  26 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon A study of contrasts
      1018 28 / 29  -  The Japanese and the Chinese need to interact with one another more so that the better national characteristics of both peoples can ‘rub off’ on each other Anthony Rowley Tokyo Correspondent btworld@sph.com.sg IARRIVED in Shanghai (or in the suburb of Nanxiang, 20 kilometres from the city
      PHOTO: AP  -  1,018 words
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      Lock icon Impact of ‘industrial internet’ on growth could be substantial
      1106 28 / 29  -  By Marco Annunziata ~The author is chief economist and executive director of Global Market Insight, General Electric Co. This commentary is sourced from VoxEU.org, a Web portal that features the views of prominent economists. THE largest advanced economies are struggling with
      PHOTO: BLOOMBERG  -  1,106 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon The world won’t end this year, too
        1455 30 / 31  -  Having trouble figuring out all the contradictory signs? Here’s a summary of key views on the global economic and investment outlook in simple point form WEALTH INSIGHTS Shane Oliver AMP Capital Investors ~The writer is head of investment strategy and chief economist, AMP
        Source: Bloomberg; Source: Bloomberg, AMP Capital; PHOTO: REUTERS  -  1,455 words
      • Article
        Lock icon BROKERS’ TAKE
        758 30 / 31  -  Compiled by Lynn Kan Mapletree Commercial Trust OUTPERFORM CIMB Research Jan 25 Jan 25 close: S$1.23 POSITIVE rent reversions from previously negotiated leases at VivoCity kicked in in Q3, which together with stronger GTO rentals drove a 10 per cent quarter-on-quarter jump in VivoCity revenue in Q3. We
        758 words
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        Lock icon Bite-sized deals may offer faster growth
        1106 32  -  There is great need and opportunity for private equity in emerging and frontier markets, says Mark Mobius Genevieve Cua gen@sph.com.sg Personal Finance Editor THERE is an “incredible” need for capital in frontier markets and this spells tremendous opportunity for private equity, says Mark Mobius,
        PHOTO: BLOOMBERG  -  1,106 words
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        Lock icon Stock investing: It’s all about the process
        1631 33  -  There are as many as seven things that you can do to prepare for the birth of a bull market show me the money Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent The writer is a CFA charterholder THE friend whom I quoted as saying
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    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon Beijing eyes private investment in old city
        496 34 It’s also considering whether to allow foreign investors to help protect, restore architecture Xinhua Beijing CHINA’S capital will encourage non-government investment in the protection and restoration of the city’s historical architecture this year, officials said at the ongoing annual legislative sessions. Kong Fanzhi,
        Xinhua; PHOTO: REUTERS  -  496 words
      • Article
        Lock icon Househunt
        475 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 26, 2012 AND JAN 1, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 LANDED Faber Hills X-Det 28/12/2012 FH 8375 8880 1060 NON-LANDED Viva Vista Apt 27/12/2012
        475 words
      • Article, Illustration
        Lock icon Mixed-use developments draw homebuyers
        493 35  -  Far East remains upbeat about its prospects despite the latest round of property-cooling measures By Ong Chor Hao ongch@sph.com.sg Singapore MIXED-USE developments integrating residential and retail components have become an attractive proposition for homebuyers, notably couples and young professionals, according to Far East Organization. Chia Boon
        493 words
      • Article
        Lock icon Blackstone in talks to borrow US$450m to refinance hotel
        522 35 The Hotel del Coronado has been visited by 11 US presidents, as well as inventor Thomas Edison, writer L Frank Baum, aviator Charles Lindbergh and baseball legend Babe Ruth. Bloomberg Seattle BLACKSTONE Group LP, the largest US hotel owner, is in
        Bloomberg  -  522 words
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      104 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM, THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIQUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRHDIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRY WITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE. OPTIMUM SHOCKRESISTANCE IS COMBINED WITH THE ELEGANCE OF
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      59 1 LivingBTTHE BUSINESS TIMES WEEKEND JANUARY 26 -27 2013 HANDMADE ATTRACTION Creative folk and their unique products L2-L4 PHOTO: NGOH THIAM MENG GADGETS Supersized is the new normal L13 SPORT Underdogs have their day L16 DINING A no-hassle family reunion dinner L5 CEOs' HAWKER CHOICES 2013 The best popiah L10-12 MOTORING
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  • BT Living
    • DESIGN
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        Lock icon Handmade attraction
        3200 2 / 3  -  There is growing appreciation and demand for uniquely made products, as some creative folk here with interesting skills can attest to. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg WITH a generation of Singaporeans weaned on maids and modern technology, the idea of making something by hand
        PHOTOS: OHPOPDOG; PHOTOS: RITA CHEE; PHOTOS: ROWENA SIM; PHOTOS: SUSANNA LO; PHOTOS: WAYNE LIM; PHOTOS: MAESTRO GUITARS; PHOTOS: NGOH THIAM MENG  -  3,200 words
    • DINING
      • Article, Illustration
        Lock icon A no-hassle family reunion dinner
        1000 5  -  This Chinese New Year many restaurants are offering reunion dinner takeaways so you can enjoy a convenient, fuss-free meal in the comfort of your home. By Jaime Ee By Jaime Ee jaime@sph.com.sg Min Jiang, Goodwood Park HotelZ6730 1704 and Min Jiang at One-NorthZ6774-0122 or online
        1,000 words
      • Article, Illustration
        Lock icon Plating up stars&stripes
        2864 6 / 7  -  Inspired by their owners’ experiences in both the East and West coasts of the United States, five new hotspots offer a local spin on New American cuisine. By Debbie Yong By Debbie Yong debyong@sph.com.sg Making it all from scratch Morsels 35 Mayo Street 6396 6302 Hours: 6-9.30pm
        PHOTOS: DEBBIE YONG, MORSELS; PHOTOS: PISTOLA, DEBBIE YONG; PHOTOS: EAST 8, DEBBIE YONG; PHOTOS: PS CAFE; PHOTOS: DEBBIE YONG  -  2,864 words
      • Article, Illustration
        Lock icon Tippling over
        725 9  -  The Tippling Club is to trade its Dempsey digs for a CBD address, which will feature a bar, a dining room, a chef’s table and a test kitchen, where head chef Ryan Clift and his team will tinker with new flavours and textures in food, reports Debbie Yong
        FILE PHOTO  -  725 words
      • Article, Illustration
        Lock icon Famed HK dim sum chain to open S’pore outlet
        622 9  -  By Debbie Yong GONE are the times when foodie bragging rights were earned according to the number of air miles one is willing to chalk up just to get a whiff of Chef X’s famous this or a bite of Chef
        622 words
    • CEOS' HAWKER CHOICES 2013
      • Article, Illustration
        Lock icon It’s a wrap!
        2059 10 / 11  -  Popular as an appetiser, popiah is also a meal for health-conscious hawker centre diners. The secret to the tasty roll lies mainly in the texture of its skin and the fragrance of the braised shredded turnip. Here are the top five popiah stalls (with a side serving
        PHOTOS BY YEN MENG JIIN; PHOTOS BY DEBBIE YONG; PHOTOS BY YEN MENG JIIN  -  2,059 words
      • Article, Illustration
        Lock icon Surrounded by good food
        863 12  -  By Cheah Ui-Hoon uihoon@sph.com.sg By Natalie Koh btnews@sph.com.sg Nanny Eliana Managing director, Bridges M&C POPIAH is the ultimate hawker food pick for women. You could be eating out everyday of the week, but if all you ordered was a fat roll of popiah, it makes all
        PHOTO BY YEN MENG JIIN  -  863 words
    • GADGETS
      • Article, Illustration
        Lock icon Supersized is the new normal
        641 13  -  Bad news for skinny jeans aficionados but a fillip for those with roomy bags: 5-inch screens are the new standard for top phones, and HTC and Sony lead the wave. By Christopher Lim By Christopher Lim limchris@sph.com.sg Sony Xperia Z Pricing not available While 5-inch
        641 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon The Armadillo House
        1019 14 / 15  -  To help block out noise and sunlight, this home’s best rooms are in the basement and it has terracotta walls as well. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg OFTEN the best rooms in a home are on the upper floors, and the
        PHOTOS: YEN MENG JIIN, TERRACOTTA WALL PHOTO: FORMWERKZ  -  1,019 words
    • SPORT
      • Article, Illustration
        Lock icon When the underdogs have their day
        737 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent EVERYONE loves a good sporting fairy tale, but to get two in the space of just 24 hours this week was a quite unexpected bonus. The last time the unheralded duo of Bradford City and Swansea City
        PHOTO: AP  -  737 words
      • Article
        Lock icon Coming clean to flag potential conflict of interest
        603 16  -  kick off with steve dawson ~Steve Dawson is a presenter on Fox Sports Central, Fox Sports’ new flagship news programme that will deliver the latest sports news, every weekday at 7.30pm starting next Monday IT’S the FA Cup’s fourth round this weekend,
        603 words
    • GOLF
      • Article, Illustration
        Lock icon Sydney's finest fairways
        1194 17  -  The Australian city has a couple of superb courses worthy of a game on a golfer's itinerary. By Justine Moss By Justine Moss btnews@sph.com.sg IN a country where there are over 1,500 golf courses the oldest two clubs being the Australian Golf Club in Sydney formed in
        1,194 words
    • MOTORING
      • Article, Illustration
        Lock icon Brake-through Merc
        585 18  -  The Mercedes-Benz CLS Shooting Brake is a car that you either love or hate. By Samuel Ee samuelee@sph.com.sg A SHOOTING BRAKE may have originally been a wagon built for guns and dogs and hunting, but it eventually evolved into a term for a sporty two-door estate. Then there
        585 words
      • Article, Illustration
        Lock icon Cat A choices
        629 19  -  With the Category A COE premium hitting record highs, it may be a good time to look at the second-hand market instead. Samuel Ee looks at some popular used models Samuel Ee samuelee@sph.com.sg THE premium for a Category A COE is close to an all-time high and
        629 words
      • Article, Illustration
        Lock icon New power for the cat
        423 20  -  Jaguar’s new 3.0-litre V6 engine is available both in its XJ flagship and XF executive sedan. By Samuel Ee samuelee@sph.com. sg WHEN it comes to diesel passenger cars here, Jaguar has the biggest share and its Euro 5 diesel models will enjoy a smaller tax
        423 words
      • Article, Illustration
        Lock icon Lightweight limo
        378 20  -  The Jaguar XJ’s improved design makes it surprisingly fun to drive. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Jaguar XJ is an imposing car. At 5.3 metres in length, it is a big limousine that looks even bigger with a gaping front grille. So it comes as
        378 words
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      842 8 wine&dine with BTWeekend AquaMarine Level 4, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1111 Bountiful Lunar Feast 28 Jan to 13 Feb 15 to 24 Feb 2013 This Chinese New Year, treat your family to a mouth-watering lunar festivity spread. Indulge in auspicious offerings such as Buddha Jumps Over The
      842 words
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      62 10 / 11 EVERY AVENUE TOGETHER Knight Frank Knight Frank’s industrial space team has the knowledge and expertise to customise solutions for your business space planning needs, through the different stages of your company's growth. Call Knight Frank Industrial Team at 6222 1333 for the full suite of industrial solutions. CORPORATE SERVICES >
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      37 13 HOME j N E E S i .i .j Throw some new light on your home. To find out more, turn to CLASS 106 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT
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