The Business Times, 6 January 2014

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Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, January 6, 2014
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  • 1006 1  -  Mega project has drawn RM129.4b in committed investments at end-October YEAR IN REVIEW: ISKANDAR MALAYSIA By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] One could well surmise that the year 2013 was when Iskandar Malaysia the country’s first economic growth corridor finally came of age in a
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,131.47 -18.29 KL COMP 1,834.74 -26.32 NIKKEI 225 16,291.31 +112.37 HANG SENG 22,817.28 -425.96 SET INDEX 1,224.62 -74.09 JAKARTA COMP 4,257.66 +44.68 MANILA COMP 5,947.93 +58.10 SEOUL COMP 1,946.14 -56.14 SHENZHEN B 859.92 -0.98 MUMBAI IND 20,851.33 -342.25 DOW 16,469.99 -8.42 NASDAQ 4,131.91 -24.68 S&P
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    • 21 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA 14.705 TAIWAN BRITAIN JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.645 2.086 EURO (US$/S$/E) 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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  • 615 1 It will be some of the coldest weather to grip the region in two decades Reuters [NEW YORK] Many parts of the US Midwest are bracing for a blast of Arctic air that could bring some of the coldest temperatures in two decades
    Reuters; PHOTO: REUTERS  -  615 words
  • Page 1 Advertisements
    • 118 1 DINING OUT Meeting of Spanish cuisine and sake PAGE 21 TOPLINE MTQ Corporation: Going where the oil flows PAGE 6 SANDS CHINA Why it is hedging its bets PAGE 4 BT RANDOM FUND The Business Times takes a chance on stocks PAGE 2 BT WEBSITES For breaking news, go to
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  • TOP STORIES
    • 529 2 A big year for Iskandar Malaysia investments 2013 could be regarded as the year Iskandar Malaysia finally came of age in a big way. The mega-project, which turned seven in November, said that as of Oct 31, it had attracted RM129.4 billion in committed investments 44 per cent
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    • 1221 2  -  Random Fund can be used as a gauge for the performance of your selections By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] At this time of the year, every self-re-specting bank and fund manager comes up with its “top picks” for the
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    • 580 2  -  US startups seen thriving in grey areas of tax, rules &S& REUTERS BREAKINGVIEWS By JEFFREY GOLDFARB SELFISH behaviour will propel America’s sharing economy. New match-mak-ing business models are thriving in large part by forging into grey areas of tax and regulation. As a result,
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    • 841 4  -  It offers gaming and non-gaming options that cater to every market segment By LEE U-WEN in Macau leeuwen@sph.com.sg IT IS just past 6am on a Sunday morning, and the sprawling Venetian casino in Macau is still a hive of activity. Packs of punters, many of
      PHOTO: REUTERS  -  841 words
    • 966 4  -  Magazine’s decision is seen by some as rightful recognition By ANTHONY ROWLEY in Tokyo BRITISH financial magazine The Banker’s decision last week to name Bank of Japan (BOJ) governor Haruhiko Kuroda as “Central Banker of the Year” marks what some see as a
      PHOTO: REUTERS  -  966 words
    • 582 4  -  We got some things right last year; here’s what’s to come REUTERS BREAKINGVIEWS By ROB COX WHEN people ask Breakingviews editors how our past predictions panned out, we have a simple response: “We nailed a few, missed a couple but they were
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  • Page 2 Advertisements
    • 185 2 I walk In the footsteps of greatness. It’s my choice. In collaboration with AACSB and AMBA accredited University of Hull Business School, Kaplan offers an Executive MBA programme designed to lead you towards greater career prospects. Taught by on-campus faculty, you can now gain a broad-based management education in preparation
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  • Page 3 Advertisements
    • 1106 3 J r—m -V SCS*5S?SZ thousand set aside W/W* major financial goafs /v v *N Mv MBS W v auspicious p Year of I! the Horse It’s good when your trusted partner helos build vour fortune Wealth Management At Priority Banking, we offer a range of solutions to help you reach
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  • Page 4 Advertisements
    • 96 4 ALMATY Beijing Seoul Hong Kong Bangkok\ V M Ho Chi Minh Kuala Lumpur Beijing Almaty 5 times a week Kuala Lumpur Almaty 3 times a week Bangkok Almaty 7 times a week Seoul Almaty 2 times a week Ho Chi Minh Almaty 2 times a week Hong Kong Almaty jJs
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  • Page 5 Advertisements
    • 301 5 Traffic Advisory For Motorists using The Marina Coastal Expressway (MCE) LTA has been monitoring traffic conditions since the opening of the MCE and making adjustments to improve traffic circulation in the road network adjoining MCE. More signs have been placed at key approaches to guide motorists. Motorists may also find
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  • COMPANY NEWS
    • 886 6  -  MTQ is banking on a bright outlook for the offshore drilling industry and looking to expand its footprint in the Middle East, reports MALMINDERJIT SINGH TOPLINE MALMINDERJIT SINGH msingh@sph.com.sg DEMAND for offshore fuel is tipped to grow, and this will likely lead to a corresponding
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    • 296 6  -  By MINDY TAN tanmindy@sph.com.sg AUSGROUP has proposed a private placement of 96.1 million new shares representing about 19.9 per cent of the total number of its issued shares from which it intends to raise net proceeds of about $15.2 million. Its issue
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    • 151 6 DEPUTY Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the Budget statement for Financial Year 2014 on Feb 21. His speech will be webcast “live” on the Singapore Budget website and streamed “live” on the Budget 2014 mobile app which will be released
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    • 877 6  -  By NEIL BEHRMANN By in London HISTORY has shown time and time again that it is dangerous to be caught up in January market euphoria. With few exceptions, moves in January are followed by a turnaround in February and March, according to experienced traders.
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    • 1694 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd SINGAPORE Exchange buyback activity fell to its lowest level in three years with 69 companies recording 1,068 filings worth $451 million in 2013 sharply down from 2012 (98 firms, 1,521
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  • Page 6 Advertisements
    • 54 6 ASIA’S LARGEST 1 Educational Kids’ Fair' jom us at Asia's Largest Education Fair' Singapore Expo Hall 5 21 -23 March 2014 BOOK NOW! Limited Booths available! fvf -A es Si For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Organised by: sphere
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    • 92 6 JANUARY ISSUE OUT NOW! YOUNG PARENTS TODDLER SEMINAR 2014 TOPICS Secrets to raising a bilingual kid Good sleep smarter kids Break the picky eating habit What to do when you can’t get Baby No. 2 WHEN Feb 15, 2014 (Sat), 1pm-4pm WHERE Orchard Hotel Level 3, Grand Ballroom HOW MUCH
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  • Page 7 Advertisements
    • 310 7 9 RSM Ethos Governance Risk Consulting Globally Connected RSM International Innovating To Zero! Seminar Presented by RSM Ethos, the corporate governance unit of the Chin Lim Stone Forest group hdcs —jr m t-AS I f I \Mr ikMSlba!:/ Date: 15 January 2014 R) in Time: 2pm 6pm Venue: 8 Wilkie
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  • SINGAPORE MARKETS
    • 690 8  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent IT can’t be good for a market with international gateway aspirations to have sub-10 cents stocks not just as its top performers but also as its most popular plays, even if some of the companies concerned recently
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    • 522 8 CURRENCIES Bloomberg [NEW YORK] The euro last week fell the most against the US dollar in two months amid speculation that its six-month rally was due for a pause even as data signalled improvements in the European economy. The yen snapped
      Bloomberg  -  522 words
    • 864 8 COMMODITIES AFP [LONDON] Commodity prices mainly fell last week in low-volume trade on the back of weak Chinese economic data, while many participants were away for an extended Christmas and New Year break. Beijing released figures on Friday showing that growth in
      AFP  -  864 words
    • 1478 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 1.75 1.75 4 10.43 13.57 1.75 1.43 Amtek Engineering Ltd 3.00 3.00 2 0.05 7.69 0.52 0.48 ARA Asset Management 2.29 2.29
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    • 4 8 WEEKLY
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    • 77 8 Jan 3 VALUE CLOSE BT OB/OS 520.00 -174.00 BT CADI -*****.00 -135.00 BT 10-day MA -*****.00 +52.00 FTSE ST Mid Cap 717.08 -7.35 FTSE ST Small Cap 544.26 -1.70 FTSE ST All Share 761.19 -9.42 FTSE ST China Top 197.94 -1.80 FTSE ST China 224.03 -2.13 FTSE
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    • 57 8 VOLUME HanKore 2,287,509,000 Charisma Energy 962,837,000 Albedo 798,294,000 Memstar 576,638,000 Otto Marine 463,394,000 GSH Corp 461,933,000 WE Hldgs 373,039,000 SIIC Env 345,230,000 LifeBrandz 345,093,000 Vallianz Hldgs 314,112,000 VALUE($) HanKore 251,111,688 SingTel 211,745,120 DBS Grp 205,915,275 UOB 150,002,200 Keppel Corp 133,714,070 OCBC Bk 132,647,560 GLP 107,289,090 CapitaLand 83,655,660
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    • 108 8 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 518.5 2.3 IS S&P500 ***** 442.4 1.9 Lyxor Indonesia10US$ 7200 258.6 2.9 GLD 10US$ ***** 207.9 1.4 JMH 5313 152.1 2.3 DBXT Nifty 10US$ ***** 107.8 0.8 DBXT E50 10US$ 5082 54.5 0.9 JSH 3232 45.6 1.1 Hyflux 6% CPS
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    • 131 8 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -420.9 -2.9 DBXT MSTHAI 10US$ 1645 -297.9 -12.5 F&N 353 -285.0 -44.7 DBXT MSKorea 10US$ 6075 -263.7 -3.3 DBXT iBoxxSing 5SG$ ***** -82.0 -0.6 Jardine C&C 3567 -62.0 -1.7 Lyxor China H 10US$ 1392 -60.9 -3.3 Lyxor Europe 10 US$ 1507
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    • 5 8 WEEKLY
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  • SINGAPORE NEWS
    • 639 9  -  Japan’s biggest e-commerce site officially setting up here in mid-Jan By MALMINDERJIT SINGH msingh@sph.com.sg JAPAN’S biggest e-com-merce site Rakuten may only be officially setting up in Singapore later this month but it already has 70 local merchants on board as it
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    • Article, Illustration
      325 9  -  By MINDY TAN tanmindy@sph.com.sg Wish upon a Christmas tree FORTY children from Fei Yue Community Services Family Service Centre and MINDSville@Napiri got their wishes granted this Christmas, thanks to staff and guests who adopted wishing stars. The hand-written wishes were put up at the Wishing Star@Orchard Wishing Tree
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    • 278 9 Jan 3 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bangkok Bank Public Co. Ltd Bank of Communications 5.50 Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a ...5.50 Chang
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    • 580 9 Payment Ex Rec Pay Ann (cts) date date date date Payment Ex Red Pay Ann (cts) date date date date AIMS Prop Securities (Sep-Dec 2013) ct 0.150 27-Dec 31-Dec 21-Mar 18-Dec China Southern Air ADR 10 ah 34.551 18-Jun 20-Jun ai 11-Jun CNMC Goldmine aw 0.100 26-Dec 30-Dec
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    • 218 9 COMPANY MEETING PLACE DATE TIME Hiap Hoe E Zhongshan Meeting Room 06-Jan 11.30am Ramada Singapore Level 2 16 Ah Hood Road Devotion Energy E Coleman Room II Level 1 08-Jan 10.30am Grand Park City Hall 10 Coleman Street Straits Trading E Meeting Room 334 Level 3 08-Jan 10.00am
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  • Page 9 Advertisements
    • 39 9 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticesd>sph.com.sq. CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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    • 21 9 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices MATS NOTICES CLA/FEB1 1/g
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    • 184 9 School of Economics SMU Master of Science in Applied Economics The Euro: Too big to crumble? ■■"V m > u 1 T ■v r: jJ r n M 1 ya Learn to analyse the Eurozone crisis and other pressing global economic issues with the SMU Master of Science in Applied
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 2394 10  -  Father, 87, and daughter, 61, are leading two very different lives in their golden years By CAROL HYMOWITZ Bloomberg Eighty-seven-year-old Lew Manchester has just returned from a three-week trip touring Buddhist temples in Laos and cruising the Mekong Delta in Vietnam. His 61-year-old daughter, Lee,
      Bloomberg; PHOTO: BLOOMBERG  -  2,394 words
    • 605 10  -  MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com. sg Correspondent THE story above is based in the United States, but one theme is universally applicable to developed societies today. That is the fear that the younger generation will not be as financially secure as their parents. Be it
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  • Page 10 Advertisements
    • 156 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • MALAYSIA
    • 1505 11 Proposed merger of bank’s local and foreign shares long overdue: observers [KUALA LUMPUR] Since its last bonus issue of shares about 10 years ago, Public Bank Bhd has remained relatively quiet, steadily growing amid an increasingly competitive market without any new corporate exercise –until three
      PHOTO: BLOOMBERG  -  1,505 words
    • 1408 11 VOL Jan 3 RM +/-(‘000) Abric Bhd (’000) Advance Synerg 0.14 unch 118 Adventa Bhd 1.15 0.06 132 Ae Multi Hldgs 0.21 unch 183 Affin Holdings 4.26 0.08 318 Ahmad Zaki Res 0.93 -0.01 202 Airasia Bhd Alliance Finan 4.80 0.01 1580 Aluminium Co 0.14 Amalgamated In 118
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  • Page 11 Advertisements
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  • GREATER CHINA/INDIA
    • 543 12  -  Businesses involved in monitoring food and drug safety seen benefiting By SC YEUNG EJ Insight [HONG KONG] Local governments across China are undertaking a massive revamp of their food and drug administration systems after the nation’s top leaders gave the highest priority to
      EJ Insight; PHOTO: REUTERS  -  543 words
    • 443 12 Aam Aadmi Party said it would contest most of the seats AFP [NEW DELHI] India’s new anti-graft party announced it would contest most of the seats in upcoming general elections after its stunning poll showing in the nation’s capital earlier this month.
      AFP  -  443 words
    • 264 12 Xinhua [SHANGHAI] International auction house Sotheby’s last Friday insisted that an ancient work of Chinese calligraphy sold at an auction in September was a genuine piece by Su Shi, a famous Chinese poet of the Song Dynasty (960-1279). The statement came in response to
      Xinhua  -  264 words
    • 824 12 Boost to Pallonji Mistry’s net worth helped by a 73% surge in the firm Bloomberg [NEW DELHI] Indian-origin billionaire Pallonji Shapoorji Mistry added US$2.8 billion to his wealth last year, helped by a 73 per cent surge in Tata Consultancy Services Ltd
      Bloomberg  -  824 words
  • Page 12 Advertisements
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  • WORLD
    • 861 13  -  Seasonal strength, strong economic data could favour the bulls this week WALL STREET INSIGHT By ROB CURRAN LAST week, broad stock indices finished their best year since the mid-90s and had their worst start to a year since 2008. Now, the bulls are
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    • 547 13 Move is a prelude to shutting down Bangkok in a bid to scuttle the election Reu ters [BANGKOK] Thousands of anti-government protesters marched through the Thai capital yesterday, a prelude to a broader action next week when they say they will shut down
      Reuters; PHOTO: AFP  -  547 words
    • 1000 14 Chinese Internet giant Alibaba among likely 2014 offerings; amount raised in US jumped 40% last year NYT [NEW YORK] The next 12 months may not prove as rich for initial public offerings (IPOs) as last year. But to Wall Street bankers, 2014 still
      NYT; PHOTO: REUTERS  -  1,000 words
    • 762 14 NYT [NEW YORK] Gary Gensler squeezed into a Washington auditorium last month, mingling with the 300 guests at his farewell party and basking in the attention as a who’s who of finance recounted his campaign to rein in Wall Street risk-taking. Treasury Secretary Jacob Lew,
      NYT  -  762 words
    • 941 14 NYT [NEW YORK] The Wall Street regulator who oversaw and closed some of the most prominent investigations into the financial crisis announced his departure from the Securities and Exchange Commission (SEC), a move that could portend a subtle shift in the agency’s
      NYT  -  941 words
    • 665 15 Policy-setting governing council to hold first meeting of 2014 on Thursday AFP [FRANKFURT] The European Central Bank (ECB) looks set to ring in 2014 with interest rates on hold, but will have its work cut out for it, analysts say. The ECB’s
      AFP  -  665 words
    • 887 15 They joined private businesses shortly after leaving office NYT [BERLIN] If there is one hallmark of Angela Merkel’s chancellorship, it is that, despite her widely acknowledged tactical prowess and skill in winning, keeping and expanding her power, she is uninterested in the material
      NYT; AFP FILE PHOTO  -  887 words
    • 551 15 AFP [ATHENS] A corruption probe into long-forgotten defence contracts has given authorities in Greece a small financial victory, along with the promise of revelations into decade-old graft. The sum of over nine million euros (S$15.5 million) has been handed over to the state
      AFP  -  551 words
    • 853 16 Boston Fed head warns against creating long-term unemployment Reuters [PHILADELPHIA] The US Federal Reserve, having just reduced its bond-buy-ing programme, now appears deep in debate over the best way to unwind its extraordinary stimulus in the months and years ahead. Wrapping up a big
      Reuters  -  853 words
    • 654 16 Bloomberg [BOSTON] Bill Gross, the money manager known as “The Bond King”, misjudged the timing and impact of the Federal Reserve’s plan to scale back its asset purchases in 2013, spurring the Pimco Total Return Fund’s biggest decline in almost two
      Bloomberg; PHOTO: BLOOMBERG  -  654 words
    • 516 16 NYT [LONDON] On one of the highbrow radio talk shows that mould the political agenda here, a host heralded the New Year by saying 2014 would force Britons to confront a single overwhelming question: Who do they think they are? Indeed, for some in
      NYT; PHOTO: REUTERS  -  516 words
    • 857 16 Reuters [NEW YORK] Investors who bet heavily on Treasuries took a beating in 2013; and as the Fed winds down its bond buying, they face the risk of a second straight losing year something that has not happened in four decades. Portfolio managers
      Reuters  -  857 words
    • 939 17 Move comes amid calls from govt and public to reduce exec compensation Bloomberg [NEW YORK] The average pay for Goldman Sachs Group Inc’s top UK bankers rose 77 per cent in 2012 even as it declined at US-based peers amid calls from
      Bloomberg  -  939 words
    • 304 17 Bloomberg [LONDON] More than a third of voters who backed David Cameron’s Conservatives in the 2010 UK election no longer support the party, a poll found, handicapping his re- election bid next year. The survey, commissioned by Conservative up-per-house lawmaker Michael
      Bloomberg  -  304 words
    • 702 17 Diversity of national memories makes single event difficult AFP [PARIS] A Europe badly shaken by a faltering economy and rising populism is set to commemorate the centenary of World War I, the conflict still known as the “Great War” that scarred the
      AFP; PHOTO: AFP  -  702 words
    • 820 18 Total 15.6 million new vehicles sold, a 7.6% increase over previous year NYT [DETROIT] It was the best year for US car sales since 2007, and among the biggest winners were the car companies from Detroit. Carmakers said last Friday that despite
      NYT  -  820 words
    • 886 18 New words can be introduced and listed within a day NYT [SAN FRANCISCO] Millions of people watched and gossiped online as Miley Cyrus “twerked” onstage at MTV’s video music awards in late 2013. Then, they rushed to Urban Dictionary to figure out what that
      NYT; PHOTO: REUTERS  -  886 words
    • 982 18 Reuters [ISTANBUL] When a senior Turkish businessman publicly criticised the central bank for failing to stabilise the tumbling lira currency, he was taking aim at a pillar of support for the government: its reputation for strong economic management. Monetary policy “is causing losses to
      Reuters; PHOTO: REUTERS  -  982 words
    • 219 18 AFP [LONDON] A Tornado fighter jet fitted with metal components created on a 3D printer undertook a successful test flight in Britain last month, defence company BAE Systems said yesterday. The plane was equipped with a 3D-printed protective cover for the cockpit radio,
      AFP  -  219 words
    • 661 19 Volatility induced by tapering may prod govt reforms that reduce their sensitivity to shifts in capital Reuters [LONDON] If the medicine tastes bad, it is probably doing you good. Emerging economies might console themselves with that thought when they are suffering market cramps and
      Reuters  -  661 words
    • 1192 19 WP [TACLOBAN] The typhoon that recently barrelled through the Philippines has left in its wake one of the most profound resettlement crises in decades, with the number of newly homeless far exceeding the capacity of aid groups and the government to respond. Two
      WP; PHOTO: AFP  -  1,192 words
    • 533 19 This is despite high jobless rate, morose business climate Xinhua [PARIS] Looking to his second year in office, French President Francois Hollande is optimistic about the performance of the eurozone’s second-biggest economy, noting early positive effects from his package of reforms. Struggling to defend his economic
      Xinhua  -  533 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
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    • 5 14 NOW! *****620 or Email: sales@exhibitsinc.com.sg
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  • Page 15 Advertisements
    • 2217 15 WATS NOTICES «=P INVESTMENT CAPITAL PARTNERS ICP LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0234E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of ICP Ltd. (the “Company”) will be held on 21 January 2014 at 3.00 p.m. at Klapsons, The
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  • Page 16 Advertisements
    • 27 16 GET YOUR COPY NOW! IN THIS ISSUE •GROW VEGGIES IN A HDB FLAT •BRING THE CAFÉ-LOOK HOME •READ YOUR 2014 ZODIAC FORECAST FOR MORE DETAILS homeanddecor.com.sg /homeanddecor.singapore
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  • Page 17 Advertisements
    • 1727 17 -dt KATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ILCO PRIVATE LIMITED Company No.: *****0304Z (PROVISIONAL LIQUIDATOR APPOINTED) Statutory Declaration by directors of Company’s inability to continue business by reason of its liabilities Name of Company ILCO PRIVATE LIMITED Company No. *****0304Z
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  • Page 19 Advertisements
    • 168 19 SINGAPORE MENSHEALTH.COM.SG URBANATHLON 2014 THE TOUGHEST URBAN RACE EVER! 14KM ROUTE, 9 URBAN OBSTACLES FINALCALLFOR REGISTRATION! LIMITEDSPACES LEFT,SOHURRY SIGNUPBEFORE31JAN! MARCH 2, 2014 (SUN) 7AM THE FLOAT AT MARINA BAY THIS YEAR’S RACE IS GUARANTEED TO BE YOUR TOUGHEST EVER, WITH 5 NEW OBSTACLES AND A MYSTERY CHALLENGE! Allparticipantswillreceivearacepackworthover$400,including a$35Adidasracetee, finisher’sT-shirt,medalandpersonalisedcertificate,
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  • AVIATION/SHIPPING
    • 1012 20 Workers agree to contract extension, ensuring that 777X will be built by them Reuters [NEW YORK] In clinching a deal with its machinist workers that will keep jetliner manufacturing in the Pacific Northwest, Boeing Co may not only have secured industrial peace
      Reuters; PHOTO: REUTERS  -  1,012 words
    • 627 20 Canal incurred extra US$1.6b in costs due to flawed studies Reuters [PANAMA CITY] Flawed geological studies of the terrain of the Panama Canal by its operator has led to big cost overruns in the project to expand the waterway, the building consortium at
      Reuters; PHOTO: REUTERS  -  627 words
    • 327 20 WP [TOKYO] Many Asian airlines’ overseas low-cost carriers (LCCs) are increasing their flights to and from Japan, as the relatively small number of Japanese LCCs means there is ample room for expanding their market share in the country. Spring Airline Japan,
      WP  -  327 words
    • 327 20 Reuters [FRANKFURT] German aviation investor Hans Rudolf Woehrl wants to merge Air France-KLM’s CityJet, which he offered to buy last month, with his carrier InterSky to take advantage of demand for regional business flights beyond Europe’s big airline hubs. “The aim is to
      Reuters  -  327 words
    • 139 20 Reuters [RIYADH] Twenty-nine people were injured when a Saudi Arabian Airlines (Saudia) Boeing 767-300ER made an emergency landing at Medina airport in the west of the country early yesterday, the General Authority of Civil Aviation said. It said that 18 of the injured were treated
      Reuters  -  139 words
    • 239 20 SGX '000 Jan 03 S$ +/-Vol Ch Offshore 0.43 -0.01 271 Chuan Hup Hldg 0.27 -0.01 142 Jan 03 Cwt Limited................1.34 -0.02 95 First Ship Lea unch unch 0 Grand Banks 0.22 unch 111 Jaya Hold Ltd K1Ventures Chuan Hup Hldg Keppel Corp 11.03 -0.17 3048 Mercator Lines
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  • Page 20 Miscellaneous
    • 310 20 CRYPTIC CROSSWORD Across 1 Bob finds two causes of power failure (3,5) 6 Seizure, or an attempt at seizure (6) 9 Excellent to include it, within limits (6) 10 English football team at home getting penalty finally for foul play (8) 11 One after another (8) 12 Point to Elizabeth’s
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  • DINING OUT
    • 908 21  -  BAM! offers petite-portioned entrees that aim for your stomach’s comfort zone, says JAIME EE JAIME EE jaime@sph.com.sg NEW RESTAURANT BAM! Tapas-Sake Bar 38 Tras Street Tel: 6226-0500 Open for dinner Monday to Saturday: 6pm to 12am. Closed on Sunday THE Japanese population may be
      PHOTOS: BAM!  -  908 words
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  • SINGAPORE STOCKS
    • 3260 22 Week ended: Jan 3 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last 14.4 11.5 8Telecom Vol ('000) 11.5 7 AEM --AAT Div GrYld C'vr 188 106 AIMSAMPIReit P/E M Cap $mil
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    • 370 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.1 t Advanced System 1.2 unch 2635 1.3 1.2 1.2 1.3 21.1 Last Quote Div Gr Yld Net M Cap High
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    • 120 23 Stock name Close Change CapMallsAsia 1.915 -0.045 CapitaLand 2.980 -0.040 CapitaMall 1.875 -0.025 CityDev 9.350 -0.170 ComfortDelGro 2.010 -0.010 DBS Grp 16.98 -0.120 GLP 2.860 -0.050 Genting SP 1.475 -0.025 Golden Agri 0.545 -0.005 HK Land 5.900 -0.030 Stock name Close Change HPH Trust US$ 0.675
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    • 1982 23 Transaction date: Jan 3 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol '000 Angang Steel 5.60 -0.06 5471 Anhui Conch Anhuiexpresswa 4.33 0.05 918 Asia Satellite 29.55 -0.35 2 Asm Pacific -0.12 17 Avic Int'L 5.60 Baiyunshan Ph 5471 Bank Of China 3.46 -0.09 *****1 Bank Of E
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    • 264 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 33.4 AVJennings A57 +1 213 57 56 57 59 3.6 6.1 4.6 211 52 35 Genting HK US$ US43.5 +0.5 ***** 44.5 42.5 43.5 44 2864.3
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 1 0 0 0 5 9 1 Manufacturing 74 66 36 18 5 13 92 71 49 Commerce 34 26 14 10 2 4 44 28 18 Tpt/Stor/Comms 19 19 3
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    • 1017 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122 108.3 ABF SG Bond ETF Last 143 125 CIMB APAC Div 100S$D 125.7 +0.7 14 127.4 125.7 124.8 125.7 114.4 99.2 CIMB APAC Div 100US$
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 111,481 111,481 224,412 224,412 Manufacturing 2,388,892 613,564 3,002,456 512,224 22,465 534,689 Commerce 1,617,316 1,816,176 3,433,492 246,391 160,268 406,659 Tpt/Stor/Comms 343,677 20,702 364,379 469,212 2,515 471,727 Finance 154,820 636 155,456 546,030 189 546,219 Construction 235,688 1,017,465
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    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 704 24 Jan 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.22 *****.22 *****.71 Mar14 *****.00 *****.00 *****.00 *****.00 9204 *****6 Jun14 *****.00 0 1768 MSCI TAIWAN INDEX FUTURES SPOT 300.84 300.84 298.51 Jan14 302.40 303.20 298.00 298.50 ***** *****8 Feb14 301.70 302.30 298.20 298.50
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    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 3 Index Change Change Change Change Change Change World Preliminary 1176.7 0.0 -0.7 0.0 -0.6 0.1 -0.9 EAFE Preliminary 953.5 0.2 -0.3 0.1 -0.6 0.2 -0.9 Europe Preliminary 1350.1 0.4 -0.4
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    • 471 24 Jan 3 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 5.382 0.651 6.898 55.459 108.258 0.933 9.366 2.931 1.086 93.848 39.665 1.128 9.493 0.800 26.624 29.342 0.541 0.890 Canada 1.054 5.672
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    • 34 24 Jan 3 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • 84 24 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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    • 138 24 Jan 03 GOLD(US$/oz) Jan 03 Jan 02 Hong Kong 1238.00 1230.00 Jan 03 Jan 02 London 1235.99 1223.90 1237.21 1224.57 Source: Thomson Reuters CAST BAR Jan 03 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 113 50 5gm 320 250 10gm 572 501
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    • 57 24 Jan 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2608.0 2619.0 2608.0 2605.0 78 1667 Feb 14 2631.0 2639.0 2633.0 2616.0 2060 ***** Mar 14 2638.0 2649.0 2644.0 2625.0 ***** ***** Apr 14 2641.0 2652.0
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    • 155 24 Jan 3 Against S$ 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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    • 109 24 Jan 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1289.25 1287.00 1294.00 1281.75 Mar 14 1271.25 1270.00 1278.50 1265.00 May 14 1258.25 1257.25 1267.00 1252.75 Jul 14 1248.25 1246.25 1257.00 1242.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
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    • 94 24 Jan 3 COCOA (£/tonne) Close Prev High Low Mar 14 1730 1680 1734 1676 May 14 1717 1678 1723 1674 Jul 14 1710 1674 1716 1670 Sep 14 1706 1671 1713 1668 COFFEE(US$/tonne) Close Prev High Low Jan 14 1660 1625 1660 1601 Mar 14 1644 1614 1661 1592
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    • 70 24 CRUDE OIL PRODUCTS Jan 02 CRUDE (FOB origin) US$/barrel 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
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    • 22 24 Jan 3 S$ Bid Offer 1-month 1.2677 1.2682 2-months 1.2676 1.2681 3-months 1.2676 1.2681 6-months 1.2672 1.2678 Source: OCBC
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    • 66 24 Jan-03 Jan-03 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1727.25 1758.00 3 months 1772.50 1803.00 Copper, Grade A(US$/tonne) Cash 7330.50 7405.50 3 months 7315.00 7393.00 Lead(US$/tonne) Cash 2147.50 2192.75 3 months 2176.00 2221.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 121 24 As at 9am 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
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    • 157 24 Jan 3 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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
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    • 1203 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 C000) Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit MB eCW*****1 3.2 160 0.2 210 3 Asiatic
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  • 2299 25 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
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    • 159 25 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
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    • 18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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    • 91 26 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If
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    • 459 27 HP recommends Windows. Make it matter. Goodbye XP. Hello complete security. m Windows XP support ends April 2014, but HP’s round-the-clock security remains. Protect your business during the great move by switching to the HP Elite and Pro series, powered by Intel® Core™ i5 processor. Each industry-leading PC comes with
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  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 961 27  -  Mobile devices, social platforms, Big Data are the keywords, reportsVICTORIA VICTORIA HO CUSTOMERsentimentwill chart the directi on f or where businesses should turn in the coming year, and there are several technology concepts companies need to understand in order to tool
      PHOTO: BLOOMBERG  -  961 words
    • 206 27 Bloomberg [LOS ANGELES] Hyundai Motor Co said that owners of its new Genesis sedan will be able to use Google Inc’s Glass for “pre-drive” operations such as remote starts and route planning as carmakers add more technology to lure buyers. Hyundai will offer
      Bloomberg  -  206 words
    • 853 28  -  Gadget makers don’t issue patches and updates regularly like the PC industry, reportsVICTORIA VICTORIA HO THE Internet of Things (IoT) will bring a host of security vulnerabilities, many of which haven’t been seen before, says Kevin Haley, director of Symantec Security Response. The security
      853 words
    • 851 28 Fancy your car telling you that you are speeding AFP [SAN FRANCISCO] From drones and smart cars to re-mote-controlled door locks and eyewear, the 2014 Consumer Electronics Show (CES) promises to showcase the “Internet of Things”, along with gadgets like smartphones and
      – AFP; PHOTO: REUTERS  -  851 words
    • 541 28 It might not be any better than big messaging services’ NYT [NEW YORK] Even as Snapchat has become the latest Internet darling, daring to reject multi-billion-dollar acquisition deals, the young company has masked what some consider to be a dirty little secret: Its security
      NYT  -  541 words