The Business Times, 4 January 2014

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Microfilm: NL32956
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JANUARY 4-5, 2014 S$1.00| MCI (P) 086/08/2013 sph A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon Rallies put Thai economy at risk
    33 1 TURBULENCE THAILAND’S finance minister expresses concern about a weak currency and damage to the economy as the divided country is pushed to the brink of chaos. 4
    33 words
  • Article
    Lock icon India PM stepping aside after polls
    32 1 RETIREMENT MANMOHAN Singh signals that younger party leader Rahul Gandhi should replace him, ending a decade in power with Asia’s third-biggest economy in a slump. 6
    32 words
  • Article
    Lock icon Sun Venture, LKH in Westgate deal
    30 1 INVESTMENT THEY secure an option to buy the Westgate Tower in Jurong Gateway from CapitaLand, CapitaMalls Asia and CapitaMall Trust for $579.4 million. 10
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  • Article
    Lock icon IPO market in US on solid course
    41 1 ANTICIPATION TO Wall Street bankers, 2014 promises an abundance of opportunity. And that could include what may be one of the biggest market debuts in years: that of Alibaba, the Chinese Internet behemoth. 16
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  • Article, Illustration
    Lock icon No new Senior Counsel named this year
    765 1  -  None of the candidates sufficiently meets criteria for appointment, says CJ By Michelle Quah michquah@sph.com.sg Singapore FOR the first time since the Senior Counsel scheme was introduced here 17 years ago, no one has made the cut to join the club comprising the
    PHOTO: LAU FOOK KONG/THE STRAITS TIMES  -  765 words
  • Article, Illustration
    Lock icon CNY bookings soften for travel to Bangkok
    759 1  -  By Nisha Ramchandani nishar@sph.com.sg Singapore AS political tensions continue in Bangkok, travel bookings to Thailand out of Singapore appear softer this Chinese New Year, which coincides with the Feb 2 snap polls slated to take place in the troubled capital. In line with
    FILE PHOTO  -  759 words
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      33 1 the the ROYAL MOTORING The Audi S3 Sportback l15 COMPANIES Keppel T&T mulls data centre Reit 2 the raffles conversation ROYAL BANK OF SCOTLAND CEO ROSS McEWAN 8-9 LIVING Here’s to health L2-5
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  • TOP STORIES
    • Article, Illustration
      Lock icon Keppel T&T mulls over Reit listing
      463 2  -  Group says it’s reviewing properties for data centre Reit; stock leaps 14.6% to 5-year high By Joyce Hooi joyceh@sph.com.sg Singapore KEPPEL Telecommunications Transportation (Keppel T&T) is thinking of listing a data centre real estate investment trust (Reit) on the mainboard of the Singapore Exchange.
      FILE PHOTO  -  463 words
    • MARKETS
      • Article
        Lock icon STOCKS
        57 2 HSTI 3,131.47 (-43.18) HSTI FUTURES 3,131.00 (-43.00) HSIMSCI 359.47 (-5.16) HSIMSCI FUTURES 359.00 (-5.10) Friday Change KL COMP 1,834.74 -18.21 NIKKEI 225 Closed HANG SENG 22,817.28 -522.77 SET 1,224.62 -6.15 JAKARTA 4,257.66 -69.60 MANILA 5,947.93 -36.33 KOSPI 1,946.14 -21.05 SHENZHEN B 859.92 -6.44 MUMBAI IND 20,851.33 -37.00 11am EST
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.705 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.59 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.645 2.086 EURO (US$/S$/€ 1.366 1.732 Foreign currency per US$ S$ YEN 104.80 82.70 RM 3.295 2.599 HK$ 7.754 6.115 BAHT 32.99 26.01 RUPIAH 12,170 9,598 RENMINBI 6.051 4.772 INDIAN RUPEE 62.35 49.17 A$ 1.124 0.887 NZ$ 1.221 0.963
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    • Article, Illustration
      Lock icon Thai economy at risk as rivals plan mass rallies
      628 4 Finance minister fears postponement of infrastructure projects, currency weakness Reuters Bangkok THAILAND’S finance minister expressed concern about a weak currency and damage to the economy yesterday as supporters and opponents of the government prepared for big rallies this month that risk
      Reuters; PHOTO: AFP  -  628 words
    • Article, Illustration
      Lock icon S’pore Power completes sale of Australian stakes
      459 5  -  19.9% in SP AusNet, 60% in SPIAA sold to a unit of China’s State Grid By Ronnie Lim ronnie@sph.com.sg Singapore SINGAPORE Power subsidiary Singapore Power International (SPI) has completed two landmark deals earlier estimated to be worth a total of more than A$5
      PHOTO: BLOOMBERG  -  459 words
    • Article
      Lock icon China’s December services PMI at 4-month low
      373 5 Reuters Beijing GROWTH in China’s services sector fell to a four-month low in December as business expectations dropped, a government survey showed, adding to evidence that the world’s second-largest economy lost steam into the close of 2013. The official purchasing managers’ index (PMI)
      Reuters  -  373 words
    • Article, Illustration
      Lock icon India PM to step aside after this year’s elections
      818 6 He says Rahul Gandhi should replace him, Narendra Modi ‘disastrous for the country’ Bloomberg New Delhi INDIAN Prime Minister Manmohan Singh has signalled that younger party leader Rahul Gandhi should replace him, saying he’ll step aside after elections due by May,
      Bloomberg; PHOTO: AFP  -  818 words
    • Article, Illustration
      Lock icon Formula One chief’s fate hangs in balance amid legal battle
      623 6 Reuters London BERNIE Ecclestone risks losing his decades-old grip on Formula One motor racing this year, when legal action stemming from the sale of a stake in the sport eight years ago reaches a climax. Mr Ecclestone, 83, is awaiting
      Reuters; PHOTO: REUTERS  -  623 words
    • Article, Illustration
      Lock icon The chilling echoes of 1914, a century on
      439 7  -  While a global war is unlikely, the world now is similarly multi-polar £31 REUTERS BREAKINGVIEWS By Martin Hutchinson A RERUN of 1914’s descent into global war is really rather unlikely. But some of the danger of a hundred years ago is present
      PHOTO: REUTERS  -  439 words
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      47 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 Real Estate 31 LIVING Dining L2-5 Style L6-7 Design L8-9 Home Garden L10-11 Travel L12-13 Motoring L14-15 Golf L16
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      Lock icon Page 5 Advertisements Column 1
      20 5 Brand 1 Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements WATS NOTICES CLA/FEB1 1/g
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    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      144 5 THE ONE PLACE FOR ALL YOUR LOGISTICS NEEDS. Cogentl .Logistics Hub at 1 Buroh Crescent has it all, from container depot and warehousing to transportation management. A one-stop hub with an integrated container depot on the roof top that revolutionises your logistics supply chain through the enhancement of productivity and
      144 words
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      Lock icon Page 7 Advertisements Column 1
      626 7 V WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices n TRAVELITE HOLDINGS LTD. (Company Registration Number *****1089K (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of TRAVELITE HOLDINGS LTD. (the "Company") will be held at 205A Kallang
      626 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The customer comes first
      2493 8 / 9  -  Royal Bank of Scotland, brought to its knees in 2008 and still dogged by bad debt and a tattered reputation, needs to get back to basics and focus on customer service, says CEO Ross McEwan. By Cai Haoxiang haoxiang@sph.com.sg ASKED about possible job cuts for the
      PHOTO: ARTHUR LEE  -  2,493 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Sun Venture-LKH tie-up buying Westgate Tower
      515 10  -  Consortium to pay $579.4m or $1 ,900 psf for 99-year office block By Kalpana Rashiwala kalpana@sph.com.sg Singapore A CONSORTIUM comprising Sun Venture Homes and Low Keng Huat (Singapore) has been granted an option to buy the Westgate Tower in Jurong Gateway from CapitaLand, CapitaMalls
      515 words
    • Article, Illustration
      Lock icon OCBC said to submit binding bid for HK’s Wing Hang Bank
      504 10 Bloomberg Singapore OVERSEA-Chinese Banking Corp, South-east Asia’s secondbiggest lender, has made a binding bid for Hong Kong’s familyrun Wing Hang Bank Ltd, two people with knowledge of the matter said yesterday. Singapore-based OCBC Bank conducted due diligence and offered
      Bloomberg; PHOTO: BLOOMBERG  -  504 words
    • Article, Illustration
      Lock icon Stocks to do well amid taper this year: DBS
      975 11  -  Fed strategy to exit bond-buying programme bodes well for economy By Cai Haoxiang haoxiang@sph.com.sg Singapore STOCKS will do well in 2014 amid tapering by the US Federal Reserve, says DBS wealth management chief investment officer Lim Say Boon, who calls for
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    • Article
      Lock icon See Hup Seng completes acquisition of Hetat
      338 11  -  By Lee U-Wen leeuwen@sph.com.sg Singapore SEE Hup Seng, a provider of corrosion-prevention services, announced yesterday the completion of its $42.4 million acquisition of steel-engineering company Hetat Group. With the completion, Hetat’s founder and chief executive Henry Ng, 51, has also been appointed as
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    • Article, Illustration
      Lock icon Few surprises as trading follows the script
      582 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent IT’S not often that the stock market performs according to a script but that’s what local stock market players witnessed this week. First, the Straits Times Index enjoyed a fair amount of year-end windowdressing in the final
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    • Article
      Lock icon TOP 20 ACTIVES
      167 12 VOL CLOSE HanKore 545,531 1 1.9 0.2 1 7 Memstar 298,403 10.5 0.4 4 0 Albedo 272,435 5.6 -0.1 1 8 Char i sma Energy 1 95,319 7.9 -0.3 3 7 KLW H l dgs 1 77,655 3.5 0.3 9 4 S I I C Env 1
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    • Article
      Lock icon TOP GAINERS
      68 12 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 518.5 2.3 GLD 10US$ ***** 90.0 0.6 IS S&P500 ***** 38.0 0.2 Keppel T&T 177 22.5 14.6 IS MSCI Spore 1291 16.5 1.0 DBS Bk 4.7% NCPS 100 ***** 15.0 0.1 DBXT S&P Short 10US$ 2618 10.1 0.3 Lyxor
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    • Article
      Lock icon TOP LOSERS
      63 12 BY CENTS CLOSEDOWN DBXT MSEurope 10US$ 5864 -148.3 -2.0 DBXT E50 10US$ 5082 -119.2 -1.8 DBXT MSKorea 10US$ 6075 -98.9 -1.3 JMH 5313 -90.0 -1.3 DBXT iBoxxSing 5SG$ ***** -82.0 -0.6 DBXT MSJAP 10US$ 4668 -78.6 -1.3 JSH 3232 -65.9 -1.6 DBXT MSTHAI 10US$ 1645 -63.4 -2.9 Lyxor
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    • Article
      Lock icon STI STOCKS
      114 12 Stock name Close Change CapMallsAsia 1.915 -0.045 CapitaLand 2.980 -0.040 CapitaMall 1.875 -0.025 CityDev 9.350 -0.170 ComfortDelGro 2.010 -0.010 DBS Grp 16.98 -0.120 GLP 2.860 -0.050 Genting SP 1.475 -0.025 Golden Agri 0.545 -0.005 HK Land 5.900 -0.030 HPH Trust US$ 0.675 JMH 53.13 -0.710 JSH 32.32 -0.520
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    • Article, Illustration
      Lock icon Market bearish on S-E Asian currencies, bullish on yuan: poll
      459 12 Reuters Seoul SENTIMENT towards most South-east Asian currencies deteriorated at the end of 2013, with bearish bets on the Thai baht at a near two-year high as political tensions intensified, a Reuters poll showed yesterday. Confidence in North-east Asian currencies
      Reuters; PHOTO: BLOOMBERG  -  459 words
    • Article
      Lock icon S’pore investors sold more US stocks
      794 13  -  They sold a net US$1 .34b in the US market in Q3 last year, after a net sale of US$1 .47b in Q2 By Chuang Peck Ming peckming@sph.com.sg Singapore PERHAPS they were too absorbed in the wheeling and dealing that they didn’t hear the
      794 words
    • Business briefing
      • Article
        Lock icon Otto Marine unit to sell 7 vessels
        33 13 OTTO Marine’s 90 per cent-owned subsidiary, Go Marine Group, has entered into a memorandum of agreement to sell seven vessels to RSOV Marine for US$10 million.
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      • Article
        Lock icon Tung Lok takes stake in Beijing firm
        51 13 TUNG Lok Restaurants (2000) Ltd has taken a 40 per cent associate stake in a company, Beijing Xihe TungLok Restaurant Company Ltd, that was incorporated to operate restaurant business. The remaining 60 per cent is held by a non-related party, Beijing Xihe Food
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      • Article
        Lock icon OUE gets SGX nod to list a Reit
        33 13 OUE Limited announced yesterday that Singapore Exchange Securities Trading has issued the “eligibility-to-list” letter for the proposed listing of OUE Commercial Real Estate Investment Trust.
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      Lock icon Page 13 Advertisements Column 1
      21 13 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices WATS NOTICES CLA/FEB1 1/g
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    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      152 13 e FIABCI Pnx d Excellence Award 2013 sinaran JM s rfi 8 K-i mW i 4dAr>L rr* THERE'S ALWAYS ROOM FOR MORE LUXURY AT THE TOP 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
      152 words
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  • SINGAPORE
    • Article
      Lock icon Murdoch University leads productivity study
      357 14  -  12-month benchmarking study aims to identify key productivity and innovation drivers in the manufacturing industry By Jacquelyn Cheok jaccheok@sph.com.sg A PROJECT led by Australia’s Murdoch University and supported by the Singapore Innovation and Productivity Institute looks set to kick-start the Republic’s efforts to boost its
      357 words
    • Article, Illustration
      Lock icon SingPost’s top brass lends a hand
      275 14  -  By Lee U-Wen leeuwen@sph.com.sg TIMOTHY Lee, a vice-president at SingPost, was among some 250 of the company’s management staff who played “holiday elves” in the build-up to Christmas. They fanned out to 23 post offices islandwide at lunchtime from Dec 19-24 to help customers
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    • Article
      Lock icon NUS sets up chair for Arabia Asia study
      281 15  -  By Malminderjit Singh msingh@sph.com.sg THE Asia Research Institute (ARI) at the National University of Singapore (NUS) has established a professorial chair to promote research in social, cultural, historical and contemporary Arabia Asia relations. The Muhammad Alagil Distinguished Professorship in Arabia Asia Studies,
      281 words
    • Article
      Lock icon State Street offers scholarships for NYP fund management diploma
      400 15  -  It also offers 6-month internships; move spurred by growing need for trained workers in industry By Teh Shi Ning tshining@sph.com.sg IN anticipation of rising manpower needs for Singapore’s fund management sector, State Street Corporation yesterday inked an agreement with Nanyang Polytechnic
      400 words
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      Lock icon Page 15 Advertisements Column 1
      50 15 HOT PROPERTY IIP Fabe/ adlnMa S-Pearl @mt !Z l May' CARIBBEAN KEPPEL, 1207 unit’ water's sl l owflat reno up. er s greenery. $2mj| APARTMENTS IN KEPPEL FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT SELL IT FIND IT
      50 words
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      Lock icon Page 15 Advertisements Column 2
      228 15 ONE FOR ONE! Crispy confit of duck leg with roasted chestnut puree, pomegranate and brown jus (U.P $38++) Venue:Chez Petit Salut, 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, #01-07, Singapore *****2 Tel: (65) 6604 6107 Website:www.chezpetitsalut.com Terms Conditions: Promotion valid from 6 January 2014 to 31 January 2014
      228 words
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  • WORLD
    • Article, Illustration
      Lock icon IPO market in US seen staying on solid course
      738 16 2014 promises an abundance of opportunity; most highly anticipated offering is Alibaba NYT New York THE next 12 months may not prove as rich for initial public offerings as the last year. But to Wall Street bankers, 2014 still promises an
      NYT; PHOTO: REUTERS  -  738 words
    • Article
      Lock icon EU credit ratings calendar to put early spotlight on Portugal, France
      357 16 Reuters London EUROPE’S new calendar for sovereign credit ratings, a European Union measure to shine a light on the actions of ratings agencies, will in its busy first few weeks thrust the market spotlight on bailed-out Portugal and recently
      Reuters  -  357 words
    • Article
      Lock icon Seven banks in US$8b of US settlements over faulty bonds
      239 16 Bloomberg Washington SEVEN banks, including JPMorgan Chase Co and Deutsche Bank, agreed to pay a total of nearly US$8 billion last year to settle claims that they sold faulty mortgage bonds to Fannie Mae and Freddie Mac, said the Federal
      Bloomberg  -  239 words
    • Article
      Lock icon Shanghai could pay price of curbs on pollution near Beijing
      660 17 Steel mills around the city boost output amid stricter environmental checks near Beijing Reuters Beijing CHINESE steel production is moving from its heartland in Hebei province in the wake of government efforts to tackle pollution near Beijing, but Shanghai could
      Reuters  -  660 words
    • Article, Illustration
      Lock icon Australia endures hottest year on record in 2013
      505 17 AFP AUSTRALIA experienced its hottest year on record in 2013, the Bureau of Meteorology said yesterday, enduring the longest heatwave ever recorded Down Under as well as destructive bushfires. “2013 was Australia’s warmest year since records began in 1910,” the bureau said
      AFP; PHOTO: AFP  -  505 words
    • Article
      Lock icon China to set up joint operational command for its military
      346 17 Reuters Beijing CHINA’S increasingly sophisticated military will establish a joint operational command structure for its forces to improve coordination between different parts of the country’s defence system, the official China Daily reported yesterday. China has been moving rapidly to upgrade
      Reuters  -  346 words
    • Article, Illustration
      Lock icon Lending volumes recover in Asia
      794 18 Syndicated loans rise to US$423.6b in 2013 Bloomb erg Hong Kong SYNDICATED lending in Asia rebounded last year as companies boosted borrowing to take advantage of the biggest drop in loan interest rates in a decade. Borrowers led by China National Offshore Oil Corp and
      Bloomberg; PHOTO: REUTERS  -  794 words
    • Article
      Lock icon Walmart in China to test DNA of meat it sells
      416 18 Bloomberg New York WALMART Stores Inc said that it’s adding DNA tests of meat it sells in China after recalling donkey products from a local supplier that authorities said contained fox DNA. Walmart withdrew all products from vendor Dezhou Fujude
      Bloomberg  -  416 words
    • Article
      Lock icon Jakarta set to provide Foxconn with 200 ha of land
      342 18 Reuters Taipei THE governor of Indonesia’s capital said he is willing to provide up to 200 hectares of land to Taiwanese electronics giant Hon Hai Precision Industry to build a factory there as part of a bid to attract more
      Reuters  -  342 words
    • Article, Illustration
      Lock icon Device jailbreaking comes under a cloud
      1274 19 Long-apt liberation image takes a beating over allegations that hackers do it for the money WP Washington EACH year, Apple releases a new version of the software running its iconic mobile devices, the iPhone and iPad. And each year, a small but dogged community
      WP; PHOTO: AFP  -  1,274 words
    • Article, Illustration
      Lock icon State of foreign economies main concern of Japanese firms
      505 20 Poll shows major corp leaders worried about downturn in overseas markets WP Tokyo MOST leaders of major Japanese companies believe the economy is picking up, but many of them are still cautious about making capital investments, according to a Yomiuri Shimbun
      WP; PHOTO:  -  505 words
    • Briefing
      • Article
        Lock icon RBS settles lawsuits over former risk exec’s bonus
        102 20 Bloomberg London Royal Bank of Scotland has settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a £700,000 (S$1.45 million) bonus. RBS said Mr Cottle didn’t deserve the final portion of the 2009 award because
        Bloomberg  -  102 words
      • Article
        Lock icon Cambodia police open fire on striking workers
        85 20 Reuters Phnom Penh Cambodian military police opened fire with assault rifles yesterday to quell a protest by stone-throwing garment factory workers demanding higher pay in a crackdown that a human rights group said killed four people. The government is refusing to raise the
        Reuters  -  85 words
      • Article
        Lock icon NSA building code-breaking computer: report
        116 20 AFP Washington The US National Security Agency is making strides towards building a “quantum computer” that could break nearly any kind of encryption, The Washington Post reported on Thursday. It said leaked documents from fugitive ex-NSA contractor Edward Snowden indicate the computer would allow the
        AFP  -  116 words
      • Article
        Lock icon Fans hold silent vigil as Schumacher turns 45
        92 20 world.AFP Grenoble Fans of Michael Schumacher gathered yesterday for a silent vigil for the Formula One legend’s 45th birthday as he lay in a coma in a French hospital after a weekend skiing accident. Ferrari put a special message on its website,
        world.AFP  -  92 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8057 21 Transaction date: Jan 3 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14.4 11.5 8Telecom 11.6 11.6 13 10.6 0.9 9.6 55.6 20 3.3 A-Sonic 11.6 -0.1 6128 11.9 11.5 11.6 11.7 1.1
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    • Article
      Lock icon SGX CATALIST
      1869 24 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 $mil 37 17.3 t 3Cnergy 500 26 26 31 25.6 27.5 17.1 t 800 Super 24 23 24 3.2 4.2 7.5 42.9 6.2 2.8 t AA
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 7 4 0 0 0 2 7 4 Manufacturing 47 65 28 8 6 11 55 71 39 Commerce 11 29 21 4 6 1 15 35 22 Tpt/Stor/Comms 3 25 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 73,593 73,593 57,480 57,480 Manufacturing 726,498 329,582 1,056,080 126,993 9,909 136,901 Commerce 258,473 379,166 637,639 57,806 29,986 87,792 Tpt/Stor/Comms 82,258 2,117 84,375 111,267 250 111,517 Finance 23,231 70 23,301 119,333 13 119,346 Construction 42,990 206,785
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      801 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 30 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Cordlife Grp 02-Jan-14 Ho Choon Hou Buy 60 1.20 624 0.23 684 0.26 Internet Tech 02-Jan-14 Goh
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Jan 2 COCOA (£/tonne) Close Prev High Low Mar 14 1680 1730 1730 1679 May 14 1678 1727 1725 1676 Jul 14 1674 1721 1711 1673 Sep 14 1671 1717 1708 1670 COFFEE(US$/tonne) Close Prev High Low Jan 14 1625 1685 1680 1625 Mar 14 1614 1683 1669 1606
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    • Article
      Lock icon METALS
      67 25 Jan 03 GOLD(US$/oz) Jan 03 Jan 02 Hong Kong 1238.00 1230.00 Jan 02 Dec 31 London 1223.90 1205.61 1224.57 1210.10 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.89 25.11 Source: UOB PLATINUM/ Lon (US$/oz) Jan 02 Close Previous PM Fix 1388.00 AM Fix 1387.00 1358.00 Source: LPPM
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    • Article
      Lock icon PALM OIL
      57 25 Jan 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2608.0 2619.0 2608.0 2605.0 78 1667 Feb 14 2631.0 2639.0 2633.0 2616.0 2060 ***** Mar 14 2638.0 2649.0 2644.0 2625.0 ***** ***** Apr 14 2641.0 2652.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 25 Jan 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 0.25 0.25 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.59 101.68 101.60 5-Year N*****0T 0.5 01-Apr-18 97.4
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jan 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1275 1.1283 0.8894 0.8897 Canadian dollar 1.1880 1.1890 0.9376 0.9371 Euro 1.7313 1.7325 1.3657 1.3661 NZ dollar 1.0384 1.0392 0.8191 0.8194 Sterling pound 2.0855 2.0867 1.6451 1.6454
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jan 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.155 1.100 Can dollar 1.211 1.165 Euro 1.773 1.689 Sterling pound 2.125 2.044 NZ dollar 1.064 1.024 US dollar 1.294 1.233 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon CHICAGO BOT
      104 25 Jan 2 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 14 1287.00 1312.50 1312.50 1280.25 Mar 14 1270.00 1292.50 1292.75 1262.50 May 14 1257.25 1277.00 1277.50 1250.00 Jul 14 1246.25 1264.50 1265.00 1238.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jan 14 38.51 38.82 38.87 38.30
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    • Article, Illustration
      Lock icon STOCK MARKETS
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    • Article
      Lock icon OIL
      68 25 Jan 02 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.62 -2.32 WTI (Near Mth) 95.58 -2.99 Dubai (1-Mth F) 107.47 -0.35 Tapis blend 116.07 -0.33 Minas 109.57 -0.33 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.94 -0.73 Jet Kerosene 126.77 0.05 US$/barrel OpecOil Basket Price 106.92
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      Lock icon LONDON METALS
      72 25 Jan 02 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1758.00 1754.75 3 months 1803.00 1800.00 Copper, Grade A (US$/tonne) Cash 7405.50 7375.75 3 months 7393.00 7360.00 Lead (US$/tonne) Cash 2192.75 2190.50 3 months 2221.00 2219.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jan 02 Index Change Change Change Change Change Change World Preliminary 1177.4 -0.6 -0.6 -0.5 -0.5 -0.9 -0.9 EAFE Preliminary 951.6 -0.5 -0.5 -0.8 -0.7 -1.1 -1.1 Europe Preliminary 1344.4 -0.8 -0.8
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  • PERSPECTIVE
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      Lock icon Getting the right message across
      1421 26 / 27  -  The public sector may gain from learning how private companies ensure they are constantly alert to the mood of the market. By Basskaran Nair In the private sector we are sensitive to criticism and, in the case of listed companies, to negative reactions from investors.
      ILLUSTRATION: STOCK.XCHNG  -  1,421 words
  • Page 26 / 27 Miscellaneous
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      300 26 / 27 SATURDAY with Ludwig I would like to think about that as profit-sharing CRYPTIC CROSSWORD Across 4 Aircraft making journey by road! (8) 8 Using maximum effort, tenth wicket has been taken (3-3) 9 Stop to mend the lady’s old penny crock (8) 10 Raised voice in argument beside river in
      300 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon How will the dollar fare in 2014?
        1372 28 / 29  -  US mutual funds hold divergent views on the outlook for the greenback. By Joseph Ciolli By Joseph Ciolli Bloomberg New York THE only two actively managed US foreign-ex-change mutual funds to turn a profit last year have divided views on how the dollar
        Bloomberg; PHOTO: BLOOMBERG  -  1,372 words
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        Lock icon CLOs surge 49% in 2013, but fall short of record set 6 years ago
        1213 28 / 29 Bloomberg New York SALES of collateralised loan obligations surged 49 per cent last year amid demand for debt that protects against rising interest rates, ending the year just shy of the record set six years ago.
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    • WEALTH REAL ESTATE
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        Lock icon UK home loans surge in Nov
        428 30 It is the highest level in almost six years, signalling strength in property market Bloomberg London UK mortgage approvals rose more than economists forecast in November to the highest level in almost six years, signalling continued strength in the property market towards the end
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      • Article
        Lock icon Househunt
        347 30 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
        347 words
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        Lock icon Q4 Manhattan home sales set year-end record
        233 30 Bloomberg New York MANHATTAN apartment sales surged in the fourth quarter, setting a record for year-end transactions, as the prospect of rising interest rates and prices pushed buyers to make deals before purchases became costlier. Sales of condominiums and co-ops jumped 27 per
        Bloomberg  -  233 words
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        Lock icon HK home discounts rise on price fall forecast
        1189 31 Some 1 ,000 units offered by developers last month after they sold 1 ,1 1 4, the most since March, in November Bloomberg Hong Kong HONG KONG dwellings from one-bed-room apartments to 5,000-square-foot houses are on offer at discounts of as much
        Bloomberg; PHOTO: BLOOMBERG  -  1,189 words
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      157 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX, THE JURA. FOR MILLENIA, A HARSH, UNYIELDING ENVIRONMENT A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE EXISTENCE A SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE
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      65 1 BT THE BUSINESS TIMES WEEKEND JANUARY 4 5 2014 Living STYLE PROFILE Phillip Lim L6 STYLE PROFILE Jonathan Saunders L7 HERE’S TO HEALTH Where to get your health food fix in the new year L2-5 GLOW DELI PHOTO BY YEN MENG JIIN DESIGN Top 10 things for your home L8-9
      65 words
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  • BT Living
    • DINING
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        Lock icon Here’s to health!
        3470 2 / 3  -  If eating better is on your resolution list for 2014, we’ve got you covered. The BT Weekend team sips and nibbles its way through six new places to get your health food fix in the new year. By Debbie Yong debyong@sph.com.sg By Jaime Ee jaime@sph.com.sg By Tay
        PHOTOS: YEN MEN JIIN; PHOTOS: YEN MENG JIIN  -  3,470 words
    • STYLE
      • Article, Illustration
        Lock icon THE PRAGMATIST
        977 6  -  A self-dubbed introvert and social media recluse, US fashion designer Phillip Lim has nevertheless managed to build a mini fashion empire based on ‘It’ bags, quirky cool looks and decidedly Asian work ethics. By May Yip IN a time when the grande marques of fashion like Chanel have
        977 words
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        Lock icon COLOUR ME HAPPY
        936 7  -  His latest collection may revolve around trippy prints and free spirits, but Jonathan Saunders is a business-savvy designer who celebrates a decade of making women feel good with his colour-drenched inventions. By May By May Yip RAKISHLY thin, affable and me-dia-savvy, Jonathan Saunders certainly fits the profile
        936 words
    • HOME & GARDEN
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        Lock icon INSIDE TRACK
        817 8 / 9  -  Never mind the Eames. Here’s the latest on the top 10 things you want to have in your house now. By Tay Suan Chiang By Tay Suan Chiang Magis Rocky $1,605 at Xtra, Park Mall, #01-01 The year of the Horse is galloping in soon, so what better
        817 words
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        Lock icon Compact yet spacious
        1149 10 / 11  -  Alan Tan takes a disciplined approach to the use of materials to make his 1,000 sq ft apartment look bigger than it is. personal space By Tay Suan Chiang taysc@sph.com.sg HAVING grown up in Joo Chiat, it was only natural that when Alan Tan decided to buy
        ALL PHOTOS BY JOSEPH NAIR  -  1,149 words
    • DESIGN/TRAVEL
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        Lock icon Heralding heritage hotels
        1203 12 / 13  -  Singapore hoteliers are taking on conservation projects overseas, restoring crumbling buildings and transforming them into elegant hotels in the process. By Jaime Ee By Jaime Ee jaime@sph.com.sg WHEN you’re constantly assaulted by the non-stop crowds and frenetic tourist activity on Paris’s most famous drag Champs Elysees it’s
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        Lock icon Making their mark from US to Europe
        476 12 / 13  -  By Tay Suan Chiang taysc@sph.com.sg FOR 66 years, the Huntington Hotel Nob Hill Spa in San Francisco has been a landmark property, known for its long-standing tradition of high standards, gracious service, and quiet, understated luxury. Before it became a hotel, the former
        476 words
    • MOTORING
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        Lock icon EFFICIENT LUXURY
        623 14  -  The Lexus ES300h hybrid combines luxurious space with frugal performance. By Samuel Ee samuelee@sph.com.sg I T may be smooth, it may be quiet, and it may have great mileage. But perhaps the part about the new Lexus ES Hybrid that its owner will enjoy the most is its
        623 words
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        Lock icon The sweet sound of power
        660 15  -  The Audi S3 Sportback gets a bigger turbo and a brand new sound. By Samuel Ee samuelee@sph.com.sg ALMOST as appealing as the Audi S3 Sportback’s performance has to be its styling. The “S” version of the A3 is pure understatement it is less a hot
        660 words
    • GOLF
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        Lock icon Setting sights on S’pore and beyond
        924 16  -  Cobra Puma Golf, Mizuno looking to raise their brand awareness in the industry this year. By Justine Moss HERE we are at the start of another Singapore golfing year, which is certain to include product and facility launches as well as a wide range
        924 words
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      1123 4 / 5 wine dine with BTWeekend Chinese New Year Private Dining Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 Jan 1 Jan to Feb 14 Host your Chinese New Year banquet in style at Marina Mandarin private rooms and event space this Spring. Your business associates or colleagues will feel appreciated with
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      216 12 / 13 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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      34 16 HOME NEE S i M 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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