The Business Times, 2 January 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 26
1 26 The Business Times
  • 25 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 MCI (P) 085/08/2013 Thursday, January 2, 2014
    25 words
  • 876 1  -  More commercial and industrial collective sales expected this year By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] The revived interest in commercial and industrial en bloc sales here is likely to persist this year, say consultants, as preference for residential deals starts to dwindle, dampened by the various
    Source: Jones Lang LaSalle as at Nov 6,2001  -  876 words
  • 1015 1  -  Group hopes to hit 50-50 on Singapore and foreign assets in five years’ time By FELDA CHAY feldac@sph.com.sg [SINGAPORE] An aggressive overseas expansion plan is in the works at Frasers Centrepoint Ltd (FCL), which is looking to grow its foreign assets to make up
    PHOTO: YEN MENG JIIN  -  1,015 words
  • Page 1 Advertisements
    • 183 1 INVESTING More risk-taking by funds seen in 2014 PAGE 5 MOTORING How will 2014 shape up for the car market? PAGE 4 INDUSTRIAL PROPERTY Subdued activity likely in the year ahead page 2 CONTAINER SHIPPING Cost cuts seen as main driver of profitability PAGE 6 The SME Magazine Don't miss
      183 words
    • 3 1 8 *****1 *****4
      3 words

  • TOP STORIES
    • 275 2 Non-residential en bloc to sizzle THE revived interest in commercial and industrial en bloc sales here is likely to persist this year. FRONT PAGE Frasers targets overseas expansion AN aggressive overseas expansion plan is in the works at Frasers Centrepoint. FRONT PAGE Subdued year for ind’l property seen
      275 words
    • 822 2  -  Large-scale changes such as those in 2013 unlikely this year: observers By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] After a fairly eventful 2013, market watchers are expecting subdued activity in the industrial property market this year, with large-scale changes unlikely. On the whole,
      Source: URA/ Colliers International Singapore Research; Source: SLP International  -  822 words
    • 646 2  -  Major shareholder TCC involved in big decisions only By FELDA CHAY feldac@sph.com.sg [SINGAPORE] Rumours are rife that new major shareholder TCC Group has changed the inner workings and character of the business units at conglomerate Fraser Neave, but Frasers Centrepoint Ltd (FCL)
      646 words
    • 352 2 Bloom berg [BEIJING] A Chinese manufacturing index slipped to a four-month low in December, underscoring challenges for President Xi Jinping as he tries to sustain economic momentum while rolling out reforms. The Purchasing Managers’ Index (PMI) was at 51, the National Bureau of
      Bloomberg  -  352 words
    • 2186 4  -  The people behind some of Singapore’s most popular brands give their take on what to expect in 2014. By SAMUEL EE BySAMUEL SAMUEL EE WHAT will 2014 hold for the car market? Will COE premiums for small cars fall with February’s re-classification of COE Category
      FILE PHOTOS; FILE PHOTO; PHOTO: REUTERS  -  2,186 words
  • Page 2 Advertisements
    • 333 2 INSTITUTE OF VALUERS AND APPRAISERS OF SINGAPORE BUSINESS VALUATION CONFERENCE 2014 For the brochure or registration, please visit www.ivas.sg The first-ever dedicated conference on Business Valuation brings together prominent leaders from the global business valuation profession and provides great networking and knowledge sharing opportunities. Organised by the Institute of Valuers
      333 words



  • COMPANY NEWS
    • 1258 5  -  Some analysts wonder whether Fed tapering fears are overblown given sustained liquidity By haoxiang@sph.com.sg CAI HAOXIANG haoxiang@sph.com.sg AFTER missing out on a breathtaking stockmarket rally in the past five years, conservative funds are under greater pressure to take greater risks, observers said. Despite
      PHOTO: BLOOMBERG  -  1,258 words
    • 319 5  -  By JOYCE HOOI By joyceh@sph.com.sg GSH Corporation and TYJ Group Pte Ltd the investment vehicle of “popiah king” Sam Goi are jointly investing about 700 million ringgit (S$269.7 million) for a 77.5 per cent stake in The Sutera Harbour Group Sdn Bhd.
      319 words
    • 942 6  -  As demand still lags supply, large carriers also expected to form alliances By MALMINDERJIT SINGH msingh@sph.com.sg WITH demand still expected to lag behind supply in the container shipping industry this year, cost reduction is tipped to be the main driver of profitability for liners.
      942 words
    • 213 6  -  By JOYCE HOOI joyceh@sph.com.sg DBS Bank (China) Limited (DBS China) is set to start operating in the Shanghai Free Trade Zone (FTZ) this year, after receiving approval to run a branch there. According to DBS China, the approval was obtained from the China Banking
      213 words
    • 452 6  -  By ARTHUR LEE arthurl@sph.com.sg DESPITE concerns about the outlook for gold, retail buying of the shiny metal remained robust amid the Christmas holiday season, United Overseas Bank (UOB) said. UOB, the only local bank that offers physical gold to retail customers, experienced a 15 per
      PHOTO: ARTHUR LEE  -  452 words
    • 3997 8 CURR RANK DEC 31 2013 PREV RANK DEC 31 2012 CHNG FROM DEC 31 2012 COMPANY MKT CAP (S$M) DEC 31 2013 1 1 SingTel 58,316.4 10.9 2 4 Prudential PLC 51,707.1 35.0 3 3 Jardine Strategic 45,472.0 -6.5 4 2 Jardine Matheson
      3,997 words
  • Page 5 Advertisements
    • 76 5 A K Si hi ss 4 w I h w A/ > :■> v'S •Wf •S. i i i r MALAYSIA: EMPIRE SHOPPING GALLERY LOT UG 25 SINGAPORE: 100AM AMARA #01-01 I CLIFFORD CENTRE #01-04 I HITACHI TOWER #01-08 I INTERNATIONAL PLAZA #02-69/70/71 I MARINA BAY SANDS #01-65 PARKWAY PARADE
      76 words

  • Page 6 Advertisements
    • 101 6 Experience it for yourself. Exhibit at c/7 air Singapore Gifts Premiums Fair 2014 16- 18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com Impressions of SGPFair 2013 ...This year's leads seem to be of better quality! BIC PRODUCT (SINGAPORE) Quality crowds FOUR SEASONS GIFTS Visible A&P exposure in main media. SASHA'S
      101 words
    • 12 6 JANUARY ISSUE OUT NOW! ST-TORQUEAWARDS SINGAPORE’S BEST CARS OF 2013 REVEALED! WWW.TORQUE.COM.SG
      12 words
    • 67 6 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 27th FEB 2nd MAR 2014 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINS AND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX,
      67 words
    • 40 6 HOT PROPERTY SSSS? Land AN D^.' VIDE Mt8000£5H^|^ Sf/ mis E sed!» SE be SemiSentosa bunglw )0^* SENTOSA HOUSES FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
      40 words

  • Page 7 Advertisements
    • 142 7 T6fBT NIPPONKOA INSURANCE Two big names, one bigger promise Tenet Sompo Insurance has merged with Nipponkoa Insurance, Singapore Branch, to become one of the largest general insurance companies in Singapore. The newly merged company, still known as Tenet Sompo Insurance, will continue to serve our customers and partners with over
      142 words


  • SINGAPORE NEWS
    • 535 9  -  Advertisers can place contextually relevant ads using firm’s innovation By JACQUELYN CHEOK jaccheok@sph.com.sg IMAGINE you are surfing the Internet trawling through the over 348 billion images online when you stumble on one of Hollywood actress Rachel Bilson in a gorgeous green jacket. Intrigued, you mouse
      535 words
    • 89 9 ASCOTT chief executive Lee Chee Koon having lunch with a group of 20 children from Sunbeam Place a centre of the Singapore Children’s Society (SCS) during a recent outing to the River Safari. Together with 22 volunteers from Ascott, they went on a guided tour
      89 words
  • Page 9 Advertisements
    • 73 9 The SME Magazine coming to you with your copy of The Business Times today Space has been a big issue for small and medium sized enterprises (SMEs), be it retail, industrial or office space, as escalating rents and transaction prices raise costs. What then are the rent and price outlook
      73 words
    • 98 9 > V I 1 1 N R X tr N A STRATEi LOGISTICS EFFICIENCY. One-Stop Logistics Hub Transport, Warehouse Container Depot Solutions An integrated container depot on the roof top enhancing logistics efficiency and productivity Strategically located at 1 Buroh Crescent 5-storey ramp-up warehouse with sizes from 80,000 to 280,000
      98 words
    • 33 9 tl'h'] $5 MILLION New Year Draw Draw on Fri, 3 Jan 2014 at 9.30pm For details, visit www.singaporepools.com.sg p V(i) Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G
      33 words

  • MALAYSIA/INDONESIA
    • 957 10 Firms with permits given certificates to prove their wood is harvested legally AFP [BERAU, Indonesia] Deep in the forests of Borneo island, workmen from an Indonesian timber company fell a tree with a chainsaw, stick a red tag with a
      AFP; PHOTO: AFP  -  957 words
    • 606 10 It outshines regional peers; ends year just shy of record high [PETALING JAYA] The benchmark FTSE Bursa Malaysia KL Composite Index (FBM KLCI), buoyed by the country’s stability and economic resilience, has beaten expectations, ending the year 178.01 points, or 10.5 per cent, higher at
      606 words
    • 530 10 [PETALING JAYA] Thousands of protesters gathered at Independence Square in the Malaysian capital Kuala Lumpur on Tuesday to cry foul over recent price hikes, but in the end they joined the thousands of revellers for the countdown to usher in 2014, minus the customary
      PHOTO: AFP  -  530 words
  • Page 10 Advertisements
    • 72 10 Myanmar Supply Chain Management Conference 2014 4-6 March 2014 Traders Hotel, Yangon www.mscm.sphereconferences.com New Dates, New Pricing! Early bird discounts till 1st Dec 2013. Save up to USD 441 Opening Address by H.E U Nyan Htun Aung, Minister for Transport, Union of Myanmar Bob Travers Procter Gamble And more... Looking
      72 words
    • 30 10 I LOOK FORWARD TO... Weask10peoplefrom variouswalks of lifewhat theywishfor in 2014 POOJA HAS NO PROBLEM LOOKING UGLY GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327)
      30 words

  • GREATER CHINA/INDIA
    • 644 11 But things may be looking up as IPOs are set to resume with 5 firms getting the nod NYT [HONG KONG] China may be the world’s fastest-growing major economy, but it can also lay claim to a more dubious superlative: home of
      NYT  -  644 words
    • 784 11 Govt yet to release results of testing of soil across country NYT [CHENJIAWAN, China] The farm-to-table process in China starts in villages like this one in the agricultural heartland. Food from the fields of Ge Songqing and those of her neighbours ends
      NYT; PHOTO: NYT  -  784 words
    • 484 11 Bloomberg [MUMBAI] Reserve Bank of India governor Raghuram Rajan will avoid further increases to the benchmark interest rate if inflation fell in December, and may even have room for a reduction, according to a central bank adviser. “If inflation softens or doesn’t
      Bloomberg  -  484 words
  • Page 11 Advertisements
    • 1156 11 THAI VILLAGE HOLDINGS LTD Company Registration No. *****5141N (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Thai Village Holdings Ltd (“Company”) will be held at Thai Village Restaurant, 2 Stadium Walk, #01-02/03 Singapore Indoor Stadium, Singapore *****1 on 24 January
      1,156 words

  • GREATER CHINA
    • 449 12 Reuters [BEIJING] China’s top planning agency has pledged to curb local government debt while the central bank said it will keep monetary policy stable in 2014 as it pushes financial reforms. The promises come as China’s policymakers are looking to put the economy
      Reuters  -  449 words
    • 488 12 Bloomberg [TAIPEI] Taiwan’s President Ma Ying-jeou said in a New Year’s address that the government needs to end its political stalemate with China to spur economic growth. In order for Taiwan to take its economy to the “next level”, the island would
      Bloomberg; PHOTO: AFP  -  488 words
    • 1478 12 Reuters [LAZARO CARDENAS, Mexico] When the leaders of Mexico and China met last summer, there was much talk of the need to deepen trade between their nations. Down on Mexico’s Pacific coast, a drug gang was already making it a reality. The Knights
      Reuters; PHOTO: REUTERS  -  1,478 words
    • 632 12 He also says that the country will strive to improve its ‘soft power’ Bloomberg [BEIJING] Xi Jinping, delivering his first New Year address as China’s president, said the country must press ahead with reforms in 2014 to improve livelihoods and make the country
      Bloomberg  -  632 words

  • Page 13 Advertisements
    • 617 13 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices THE COMPANIES ACT (CAP 50) WHITE CHINA SPORTCITIES HOLDINGS PTE LTD COMPANY REG. NO: *****6261E (MEMBERS’ VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the Members of WHITE CHINA SPORTCITIES HOLDINGS PTE LTD duly convened and held at 701 Geylang Road #04-04
      617 words
    • 1862 13 THAI VILLAGE HOLDINGS LTD Company Registration No. *****5141N (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Thai Village Holdings Ltd (the “Company”) will be held at Thai Village Restaurant, 2 Stadium Walk, #01-02/03 Singapore Indoor Stadium, Singapore *****1 on Friday,
      1,862 words
    • 1988 13 CosmoSteel Holdings Limited Company Registration No. *****5540Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of CosmoSteel Holdings Limited (the “Company”) will be held at Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Friday, 17 January 2014 at 10.00 a.m. to
      1,988 words

  • WORLD
    • 758 14 Conference Board index up more than forecast on improved hiring, rising home values and retail sales WP [WASHINGTON] US consumer confidence climbed more than projected in December as Americans’ views of current economic conditions jumped to the highest level since April 2008. The Conference
      WP  -  758 words
    • 825 14 It ranks 35th out of 148 countries in Internet bandwidth NYT [NEW YORK] The United States, the country that invented the Internet, is falling dangerously behind in offering high-speed, affordable broadband service to businesses and consumers, according to technology analysts and an array of
      NYT  -  825 words
    • 502 14 Exports up 7.1% last month while trade surplus was US$3.7b Reuters [SEOUL] South Korean exports grew by an annual 7.1 per cent last month, beating forecasts and pointing to Asia’s fourth-largest economy sustaining momentum into the new year, though
      Reuters; PHOTO: BLOOMBERG  -  502 words
    • 400 14 Reuters [SEOUL] South Korean lawmakers ratified early yesterday the government’s 2014 spending bill of 355.8 trillion won (S$425.8 billion), narrowly avoiding a budget crisis and the risk of undercutting the economy’s nascent recovery. Ratification of the spending bill, representing a 2 per
      Reuters  -  400 words
    • 387 14 WP [NEW YORK] Coffee futures fell, capping the longest run of annual declines since 1993, on concern that a global glut will increase as crop conditions improve in Brazil, the world’s biggest producer and exporter of arabica beans. Widespread rain
      WP  -  387 words
    • 875 15 Bloomberg hands over city’s reins to Democrat de Blasio after 12 yrs in office AFP [NEW YORK] Brash billionaire Michael Bloomberg on Tuesday concluded 12 years as New York’s mayor, an era marked by major changes in America’s biggest city but also
      AFP; PHOTO: REUTERS  -  875 words
    • 672 15 NYT [NEW YORK] Liberals across the country are looking to Bill de Blasio to morph New York City’s municipal machinery into a closely watched laboratory for populist theories of government that have never before been enacted on such a large
      NYT  -  672 words
    • 814 15 Move marred by reports of heavy soil pollution at new site AFP [TOKYO] As most of Tokyo sleeps, men in rubber boots haggle over tuna in the cavernous halls of Tsukiji market. The clang of a bell around 5.30am kicks off the action
      AFP; PHOTO: AFP  -  814 words
    • 695 15 Reuters [TOKYO] After years of being overshadowed at home and practically unheard of overseas, Japan’s whisky distilleries are expanding capacity as their malts become serious contenders against Scottish and Irish brands. Exports are booming at Nikka, owned by Asahi Group Holdings and at Suntory
      Reuters; PHOTO: REUTERS  -  695 words
    • 631 16 It keeps alive idea that the euro club still has the potential to grow NYT [FRANKFURT, Germany] The euro not only survived 2013, it thrived. And, at the stroke of midnight in Eastern Europe on Tuesday, the currency even added a new member.
      NYT; PHOTO: AFP  -  631 words
    • 777 16 WP [NEW YORK] Gold futures, which reached a six-month low on Tuesday, posted the biggest annual slump in three decades as an improving economy cut demand for wealth protection. Silver touched the lowest since July. Bullion futures for February delivery fell
      WP  -  777 words
    • 966 16 Tech giant tackling industry-wide transition into cloud WP [NEW YORK] IBM, the world’s largest provider of computing services, hasn’t convinced investors that it can pull out of a sales slump, sending the stock to its first annual decline since the financial crisis
      WP; PHOTO: REUTERS  -  966 words
    • 579 16  -  By EVAN SOLTAS Bloomberg [TOKYO] What a year for Japan: Its currency lost 18 per cent of its value against the US dollar, the Nikkei index rose 57 per cent, and inflation returned for the first time in five years. If Japan wants
      Bloomberg  -  579 words
    • 500 17 His comments seen as dig at France’s ‘disastrous’ policies AFP [LONDON] Prime Minister David Cameron boasted yesterday that Britain would become a post-recession flagship in 2014 in what was reported as a swipe at France’s “disastrous” economic policies. Writing in The Times newspaper, Mr Cameron
      AFP  -  500 words
    • 799 17 Affordable Care Act takes off after years of contention, tech glitches and delays NYT [WASHINGTON] Millions of Americans will begin receiving health insurance coverage under the Affordable Care Act starting yesterday after years of contention and a rollout hobbled
      NYT; PHOTO: NYT  -  799 words
    • 756 17 Gains near impossible to repeat, may easily be reversed: analysts NYT [FRANKFURT] If Shinzo Abe and Mario Draghi were being compensated by investment banks rather than taxpayers, they would both be looking forward to some pretty hefty year-end bonuses. Mr Abe, the prime
      NYT  -  756 words
    • 475 17 He says he’s persuaded two businessmen to help raise some US$1 b for the deal NYT [SHANGHAI] A wealthy Chinese businessman and philanthropist known for his zany public stunts said that he was leading a group of investors seeking to acquire a
      NYT  -  475 words
    • 369 17 Bloomberg [BOSTON] The New Year began with a light fluffy snowfall across much of the US Northeast, including Boston and New York, that will give way to the coldest temperatures so far this season. Two systems are forecast to merge by today,
      Bloomberg  -  369 words
    • 746 18 Last 9 EU countries, including Britain and Germany, lift restrictions on Jan 1 AFP [BUCHAREST] Romanians and Bulgarians will have the right to work in any of the European Union’s 28 countries from yesterday, sparking fears of mass invasion and benefits tourism
      AFP; PHOTO: AFP  -  746 words
    • 954 18 NYT [NEW YORK] A personal escort flying first class to be well rested and alert will accompany the painting The Head of Christ from the moment it leaves the Boijmans Van Beuningen museum in Rotterdam, the Netherlands, until it is safely
      NYT; PHOTO: NYT  -  954 words
    • 506 18 It has 43% market share in 2013 capital market transactions Bloomberg [SYDNEY] UBS AG led equity underwriters in Australia for the third consecutive year after managing the biggest share placement of 2013, while also taking the top spot in mergers and acquisitions (M&As)
      Bloomberg  -  506 words
    • 1056 18 Reuters [SAN FRANCISCO] For investors in Internet stocks, it was a banner year: shares of many companies doubled as revenue climbed and on forecasts for rip-roaring growth in earnings. But the gains haven’t been anxiety-free, thanks to uncomfortable memories of the 1999
      Reuters  -  1,056 words
    • 596 19 Yield on 10-year bunds up 1.93% at close of trading on Monday Bloomberg [LONDON] German government bonds slumped last year, with 10-year yields rising the most since 2006 as the euro area’s emergence from its longest recession on record dampened
      Bloomberg  -  596 words
    • 882 19 500,000 fireworks were used during the 6-minute display AFP [DUBAI] Dubai shattered the world record for the largest ever pyrotechnic display on New Year’s Eve with a show involving more than half a million fireworks, Guinness World Records said yesterday. “Ten months in
      AFP; PHOTO: AFP  -  882 words
    • 323 19 Bloomberg [PARIS] Michael Schumacher, the record seven-time Formula One world champion, was in stable condition in a French hospital yesterday as he recovers from a head injury sustained while skiing, according to his spokeswoman. Doctors in Grenoble described his condition as critical on Tuesday
      Bloomberg  -  323 words
    • 348 19 But poll shows that Spaniards don’t expect improvement Reuters [MADRID] Spain’s Economy Minister said yesterday that job creation in 2014 would be “significant” as a tentative economic recovery kicks in, but a poll showed that most Spaniards do not expect any clear improvement
      Reuters  -  348 words
    • 543 19 He also calls for improved relations with Seoul AFP [SEOUL] North Korean leader Kim Jong-Un called for unity in a New Year message and hailed the execution of his once-powerful uncle as a resolute act to remove “factionalist scum”. “Our party took resolute
      AFP  -  543 words
  • Page 14 Advertisements






  • EDITORIAL & OPINION
    • 504 20 EDITORIAL AN appropriate way to describe the situation in which Asean states find themselves nowadays might be to say that they are “torn between two lovers” as Japan and China vie for their loyalty while a third suitor, the US, sometimes appears neglectful of its courtship
      504 words
    • 781 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group FOR four-and-a-half years, the US has waited for a powerful and self-sustaining economic recovery. More than once it seemed imminent. Then, for various reasons, it vanished, and we returned to
      The Washington Post Writers Group  -  781 words
    • 1001 20  -  To unbundle or not to unbundle that is the question By JAMES HENDERSON The writer is professor of strategic management at IMD WHILE business schools have been busily preaching to future business leaders how to avoid the threats of disruptive technologies and business models,
      PHOTO: REUTERS  -  1,001 words
    • 1189 21  -  Barclays, Microsoft, Deutsche bosses among CEOs likely to beat the odds and defy current consensus By BREAKINGVIEWS COLUMNISTS Ipl REUTERS BREAKINGVIEWS Difficult jobs abound in the global economy, finance and business in the coming year. But so do incredibly low expectations. That means getting it
      Ipl REUTERS BREAKINGVIEWS; PHOTO: AFP  -  1,189 words
    • 816 21  -  WILLIAM PESEK The writer is a Bloomberg View columnist Bloomberg AS we enter 2014, one thing is clear about the outlook for Asia: No one really has a clue what’s in store for this increasingly eclectic, cacophonous and unpredictable region. That includes
      Bloomberg; PHOTO: AFP  -  816 words


  • AVIATION/SHIPPING
    • 809 22 They are responding to sharp rise in air travel and prospects for future growth NYT [SINGAPORE] Travellers passing through Changi International Airport here rarely have to wait long for bags or boarding. Unlike many other airports in this fast-growing region, Singapore’s
      NYT; PHOTO: CHANGI AIRPORT GROUP  -  809 words
    • 477 22 Bloomberg [MELBOURNE] Iron-ore shipments from northern Australia, the world’s biggest exporter, resumed following a two-day halt as Tropical Cyclone Christine lost strength over the nation’s resource-rich Pilbara region. Shipments restarted at Dampier Port, about 1,500 kilometres north of Perth, at 6pm on Tuesday
      Bloomberg  -  477 words
    • 390 22 Helicopter onboard Chinese icebreaker was to bring 52 passengers off ship AFP [SYDNEY] Strong winds and rain prevented the helicopter rescue early yesterday of passengers on a Russian ship stuck in ice off Antarctica, Australian authorities said as those onboard resigned
      AFP  -  390 words
    • 717 22 WP [WASHINGTON] Bethany Tully might have been forgiven for her confusion. After cancelling a flight from San Francisco to Boston under unhappy circumstances, she discovered that her ticket credit on United Airlines was worth about half of what she expected an increasingly common
      WP  -  717 words
  • Page 22 Advertisements
  • Page 22 Miscellaneous
    • 338 22 CRYPTIC CROSSWORD Across 1 Sun seen facing highest block (4) 3 Useless fellow largely a clot misplaced heavy garment (6,4) 8 English girl attending university worried judge (8) 9 Hard worker in Paris, say (6) 10 China possibly destabilised EU pact (6) 11 Six, perhaps, seen in march (8) 13
      338 words

  • 1329 23 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,329 words
  • Page 23 Advertisements
    • 50 23 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
      50 words

  • FINANCE & COMMODITIES
    • 689 24 Dec 31 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.22 *****.22 *****.71 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****7 Jun14 *****.00 *****.00 *****.00 *****.00 5 1774 MSCI TAIWAN INDEX FUTURES SPOT 303.52 304.04 301.88 Jan14 303.20 305.60 302.80 303.20 ***** *****0 Feb14 303.30
      689 words
    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 31 Index Change Change Change Change Change Change World Preliminary 1184.1 0.3 26.2 -0.1 28.2 0.3 24.1 EAFE Preliminary 956.3 0.1 23.5 -0.3 23.4 0.1 19.4 Europe Preliminary 1354.9 0.2 18.1
      373 words
    • 471 24 Dec 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 5.400 0.647 6.917 55.089 108.658 0.937 9.418 2.923 1.086 93.853 39.609 1.128 9.330 0.794 26.704 29.265 0.540 0.892 Canada 1.053 5.688
      471 words
    • 40 24 Dec 31 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
      40 words
    • 86 24 Dec 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.29 1-Year BY*****T 31-Oct-14 0.3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.68 101.78 101.75 5-Year N*****0T 0.5 01-Apr-18 97.6 10-Year NX*****H
      86 words
    • 137 24 Dec 31 GOLD(US$/oz) Dec 31 Dec 30 Hong Kong 1199.00 1205.00 Dec 31 Dec 30 London 1205.61 1205.63 1210.10 1206.35 Source: Thomson Reuters CAST BAR Dec 31 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 110 49 5gm 313 244 10gm 558 489
      137 words
    • 59 24 Dec 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2595.0 2603.0 2600.0 2592.0 70 2110 Feb 14 2608.0 2624.0 2626.0 2606.0 140 ***** Mar 14 2614.0 2631.0 2635.0 2614.0 3467 ***** Apr 14 2622.0 2634.0
      59 words
    • 155 24 Dec 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1275 1.1286 0.8920 0.8922 Canadian dollar 1.1875 1.1888 0.9398 0.9395 Euro 1.7420 1.7435 1.3782 1.3783 NZ dollar 1.0380 1.0391 0.8212 0.8214 Sterling pound 2.0896 2.0918 1.6532 1.6536
      155 words
    • 121 24 As at 9am Dec 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.155 1.100 Can dollar 1.211 1.165 Euro 1.790 1.705 Sterling pound 2.128 2.047 NZ dollar 1.064 1.024 US dollar 1.292 1.231 Local dollars to 100 units of foreign
      121 words
    • 157 24 Dec 31 $S Offer Bid 0vernight 0.08 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
    • 109 24 Dec 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1312.50 1328.25 1331.00 1309.00 Mar 14 1292.50 1308.75 1311.00 1289.00 May 14 1277.00 1292.00 1294.75 1273.00 Jul 14 1264.50 1278.75 1281.75 1260.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
      109 words
    • 94 24 Dec 31 COCOA (£/tonne) Close Prev High Low Mar 14 1730 1716 1734 1714 May 14 1727 1713 1732 1710 Jul 14 1721 1709 1726 1706 Sep 14 1717 1708 1721 1704 COFFEE(US$/tonne) Close Prev High Low Jan 14 1685 1696 1699 1685 Mar 14 1683 1694 1691 1669
      94 words
    • 1165 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 28 1.5 16 0.0 5 -85 55 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Albedo Limited W*****9 5.2 unch 1505 Ascendas Reit MB ECW*****3 2.9 0.2 240
      1,165 words
    • 70 24 CRUDE OIL PRODUCTS Dec 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.12 -1.38 WTI (Near Mth) 99.21 -1.02 Dubai (1-Mth F) 108.70 0.16 Tapis blend 117.79 0.90 Minas 111.29 0.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.72 0.55 Jet Kerosene 127.92 0.79 US$/barrel OpecOil Basket
      70 words
    • 22 24 Dec 31 S$ Bid Offer 1-month 1.2640 1.2650 2-months 1.2639 1.2649 3-months 1.2639 1.2649 6-months 1.2635 1.2646 Source: OCBC
      22 words
    • 66 24 Dec-31 Dec-31 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1754.75 1776.75 3 months 1800.00 1822.00 Copper, Grade A(US$/tonne) Cash 7375.75 7387.50 3 months 7360.00 7375.00 Lead(US$/tonne) Cash 2190.50 2230.75 3 months 2219.00 2255.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words

  • PROPERTY
    • 532 25 US equity firm to build hotel, marina and holiday homes on Greek island Bloomberg [MADRID] NCH Capital Inc, a US private-equity firm, has won permission from the Greek government to build a tourist resort on the island of Corfu. NCH, based in New
      Bloomberg  -  532 words
    • 394 25 Bloomberg [SAO PAULO] Four Seasons Hotels Inc, the closely held hotel management group building its first two luxury lodgings in Brazil, is planning as many as three more properties in the country as demand for high-end services rises. Talks
      Bloomberg  -  394 words
    • 364 25 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 20 AND NOV 26, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alex Residences Apt 22/11/2013 99 678 1114 1643 District 4 NON-LANDED The Interlace Apt
      364 words
    • 1087 25 Brooklyn museum housing taxidermy exhibits up for sale NYT [NEW YORK] The first thing that prospective buyers should know about the two-storey rowhouse for sale in Borough Park, Brooklyn, is that its glassy-eyed menagerie of taxidermied tenants, from the family of lions to the
      NYT  -  1,087 words
    • 493 26 Average price up 12% from a year ago, says real estate website Bloomberg [BEIJING] China’s new home prices in December jumped by the most last year even as the country’s biggest cities tightened property controls to moderate price gains. The
      Bloomberg; PHOTO: REUTERS  -  493 words
    • 1375 26 Bloomberg [LOS ANGELES] Lyndsey and Sameer Lodha had their pick of cities to call home after Sameer, a former equities trader who’s now a hand surgeon, got several job offers upon completing his residency. The couple passed on New York, where Sameer
      Bloomberg; PHOTO: BLOOMBERG  -  1,375 words
    • 709 26 Wooden buildings at risk if a major earthquake strikes WP [TOKYO] Strolling around the Senju-Yanagicho district of Adachi Ward, Tokyo, which is densely packed with wooden houses, one can sense that warnings of an inferno erupting if a major earthquake strikes Tokyo are no
      WP  -  709 words
    • 277 26 Reuters [LONDON] Britons were less inclined to use savings to pay down mortgage debt in the third quarter, data showed on Monday, adding to signs of improving consumer confidence as house prices rise and the job market recovers. Homeowners put £10.4
      Reuters  -  277 words
  • Page 25 Advertisements
    • 24 25 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. 00 WATS NOTICES
      24 words
    • 73 25 KnightFrank.com.sg For Sale by Tender(Changi South) 3-storey purpose built detached factory with roof terrace. Easily accessible via ECP, PIE TPE, mins drive from Expo MRT. Land Area Approx 6,397 sm (68,861 sf) Gross Floor Area Approx 7,580 sm (81,588 sf) Zoning Business 2 Tenure JTC 30+30 years wef 1996 (Further
      73 words
    • 143 25 e FIABCI Prix d Excellence Award 2013 smaran IM*. isEaBSTyit Lit M :iiii 11: uai The penthouses of Soleil Sinaran embody the very finest in ultimate luxury living. The desirability is further heightened by the rarity of these 5-bedroom single storey penthouses, each spanning over 4,700sq ft. Located on levels
      143 words