The Business Times, 24 January 2014

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

Microfilm: NL32958
Total Pages: 30
1 30 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, January 24, 2014
    25 words
  • Article
    Lock icon Top Singapore firms see margins crimped
    764 1  -  Profit growth lags surge in revenue amid talent crunch and higher rents By JAMIE LEE leejamie@sph.com.sg [SINGAPORE] Higher costs are gnawing away at the profit margins of the top 1,000 companies based in Singapore, fresh figures from DP Information Group yesterday indicated a further
    764 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,100.24 (-33.50) HST INDEX FUTURES 3,099.00 (-34.00) HSIMSCI 352.71 (-3.72) HSIMSCI FUTURES 351.60 (-4.10) US$ S$ US$ (S$ per US$) 1.283 (US$/S$ per 1.658 2.127 EURO (US$/S$/€ 1.359 1.743 Foreign currency per US$ S$ YEN 104.40 81.40 RM 3.335 2.600 HK$ 7.758 6.049 BAHT 32.96 25.70 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,808.31 -5.79 NIKKEI 225 15,695.89 -125.07 HANG SENG 22,733.90 -348.35 SET INDEX 1,308.34 +17.85 JAKARTA COMP 4,496.04 +18.55 MANILA COMP 6,170.05 +30.19 SEOUL COMP 1,947.59 -22.83 SHENZHEN B 856.29 -6.13 MUMBAI IND 21,373.66 +35.99 11am EST Change DOW 16,198.32 -175.02 NASDAQ 4,202.57 -40.43
      48 words
    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA 14.601 TAIWAN 5.036 US 1.475 KOREA 9.33 BRITAIN Source: Bloomberg
      20 words
  • Article, Illustration
    Lock icon Dec’s easier inflation unlikely to last
    681 1  -  Economists see cost pressures fuelling consumer prices By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Headline inflation may have moderated more than expected in December easing to 1.5 per cent from 2.6 per cent in November but economists say inflation is unlikely to stay this low for
    Source: Department of Statistics  -  681 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      55 1 OPINION Why Singapore is not Iceland FOOTBALL Real Madrid again top money maker PAGE 2 BUDGET 2014 Easing loan curbs on car industry’s wishlist PAGE 2 CORPORATE RESULTS Keppel Q4 net profit rises 9% PAGE 4 PAGE 19 Titans of theatre 2014 EXECUTIVE LIFESTYLE, PAGE 25 8"*****1"*****4 B V LG
      55 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      27 1 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant to listed companies and corporate governance, on BTInvest every Friday: btd.sg/BMatters
      27 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Car sector hoping loan curbs are eased
      772 2  -  Vehicle financing restrictions affecting all segments, say dealers BUDGET 2014 By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The Singapore Budget will be delivered on Feb 21 and the motor industry is crossing its fingers that there will be some goodies in it for them, and
      772 words
    • Article, Illustration
      Lock icon Real Madrid again top money maker
      572 2  -  Barcelona still No 2 in Deloitte’s Football Money League By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] When it comes to raking in the cash in the world of football, no one seems to do it better than the top two teams in Spain. Real Madrid retained
      Photo: AFP  -  572 words
    • Article
      Lock icon HSBC flash PMI for China signals contraction
      441 2 Bloomberg [BEIJING] China’s manufacturing may contract for the first time in six months, adding to stresses in the world’s second-biggest economy, according to a gauge released by HSBC Holdings plc and Markit Economics. The preliminary reading of 49.6 for January in a Purchasing
      Bloomberg  -  441 words
    • Article
      Lock icon Defence counsel seek to show that CHC members not hiding anything
      601 2  -  CITY HARVEST CHURCH TRIAL By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Defence counsel continued their cross-examination of City Harvest Church’s (CHC) one-time external auditor Sim Guan Seng yesterday. Senior Counsel Kenneth Tan, who represents CHC board member John Lam, established during
      601 words
    • Article
      Lock icon JTC starts feasibility study on 2nd road link to Jurong Island
      402 2  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] JTC Corporation has launched a “planning feasibility and preliminary engineering study” on the planned second road link to Jurong Island. The project will facilitate the daily commute of the fast-growing workforce on the petrochemicals
      402 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      334 2 Top Singapore firms see margins crimped HIGHER costs are gnawing away at the profit margins of the top 1,000 companies based in Singapore, figures from DP Information Group indicated. FRONT PAGE Dec’s easier inflation unlikely to last HEADLINE inflation may have moderated in December to 1.5 per cent
      334 words
    • Article, Illustration
      Lock icon Profit boost awaits banks that go digital: McKinsey
      610 3  -  Gain of up to 45% seen; profit drop of 20-30% flagged for non-digital lenders By AMIT ROY CHOUDHURY amit@sph.com.sg [SINGAPORE] Asian banks could enjoy a 35-45 per cent boost in net profit over the next three years if they embrace digital channels
      Source: McKinsey & Company  -  610 words
    • Article, Illustration
      Lock icon Japan’s QQE poses risks to financial stability
      643 3  -  Capital outflows could accelerate, says IMF official By ANTHONY ROWLEY in Tokyo CAPITAL flowing from Japan into other Asian economies following the Bank of Japan’s massive monetary easing exercises could accelerate as banks reallocate their assets overseas, posing potential risks to financial stability,
      643 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      48 3 Net Profit US$2.6 billion up by 13.7% on 2012. 60 29 06 57 15 -q 00 Q co D 2009 2008 2010 2011 2012 2013 Total Assets US$121.8 billion up by 20.9% on 2012. 121.8 100.8 82.9 61.4 49.3 41.8 2013 2012 2011 2010 2009 2008 (USD billion)
      48 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Keppel Q4 net up 9% as marine stays robust
      810 4  -  But losses at infrastructure division balloon to $110m in Q4 By lisalcc@sph.com.sg LISA LEE lisalcc@sph.com.sg KEPPEL Corp posted a 9 per cent year on year rise in fourth-quarter net profit to $332 million with its offshore marine division leading growth, and
      PHOTO: ARTHUR LEE  -  810 words
    • Article
      Lock icon Suntec Reit’s Q4 DPU up 10.1%
      473 4  -  By MINDY TAN tanmindy@sph.com.sg SUNTEC Real Estate Investment Trust (Suntec Reit) posted a distribution per unit (DPU) of 2.562 cents for the fourth quarter ended December, a jump of 10.1 per cent from a year ago. This was on the back of the total
      473 words
    • Article
      Lock icon Soilbuild Reit Q4 DPU 3.4% above forecast
      544 4  -  By ONG CHOR HAO ongch@sph.com.sg SOILBUILD Business Space Reit (Soilbuild Reit) has posted a better distribution per unit (DPU) than set out in its prospectus in its second set of earnings since listing last August. For the fourth quarter ended Dec 31 last
      544 words
    • Article
      Lock icon CapitaCommercial Trust’s Q4 DPU inches up
      794 5  -  It plans to seek development opportunities in Singapore By KALPANA RASHIWALA kalpana@sph.com.sg CAPITACOMMERCIAL Trust (CCT), which yesterday posted a 2 per cent increase in distribution per unit (DPU) to 2.09 cents for the fourth quarter of last year, plans to stick to its Singapore
      794 words
    • Article, Illustration
      Lock icon Tiger Airways posts Q3 net loss of $118.5m
      545 5  -  By NISHA RAMCHANDANI nishar@sph.com.sg TIGER Airways Holdings has posted a net loss of $118.5 million for the third quarter ended Dec 31, 2013 buffeted by a $30.3 million loss from its planned divestment of Tigerair Philippines and a $58 million impairment of
      FILE PHOTO  -  545 words
    • Article
      Lock icon SunVic to sell China plant to Arkema
      253 5  -  By MALMINDERJIT SINGH msingh@sph.com.sg SINGAPORE-LISTED SunVic Chemical Holdings is selling its plant in Taixing, China to French chemical producer Arkema for RMB3.9 billion (S$817 million). The production facilities, held under the group’s indirect whollyowned subsidiary Taixing Jurong Chemical, will be sold, subject to
      253 words
    • Article, Illustration
      Lock icon LKH tie-up exercises options to buy Westgate Tower
      331 5  -  By ONG CHOR HAO ongch@sph.com.sg A 60-40 consortium comprising Sun Ventures Homes and mainboard-listed Low Keng Huat (Singapore) has exercised its options to buy Westgate Tower from CapitaLand for $579.4 million. The tie-up had been granted options to acquire the office strata
      331 words
    • Article
      Lock icon a-iTrust Q3 DPU falls in S$ terms
      396 5  -  By MALMINDERJIT SINGH msingh@sph.com.sg ASCENDAS India Trust (a-iTrust) yesterday reported a 4 per cent rise in its distribution per unit (DPU), to 55 Indian paise, for the third quarter ended Dec 31, 2013, compared to a year ago. In Singapore dollar terms though,
      396 words
    • Article
      Lock icon JES’s bet on Mineriver leaves no room for error
      784 7  -  HOCK LOCK SIEW By ANDREA SOH sandrea@sph.com.sg IS it too good to be true? That’s the question investors, traders and analysts are asking, after Mineriver, the Xinjiang mining exploration firm in which mainboard-listed JES International is buying a 30 per cent
      784 words
    • Article
      Lock icon GK Goh makes mandatory conditional bid for Boardroom
      313 7  -  By LEE MEIXIAN leemx@sph.com.sg MAINBOARD-listed GK Goh Holdings has launched a mandatory conditional takeover offer for Boardroom Ltd, a provider of corporate and advisory services, at 57.5 cents a share in cash. The bid was made through its unit, Salacca Pte Ltd,
      313 words
    • COMPANY BRIEFS
      • Article
        Lock icon MGCCT’s Q3 DPU exceeds forecast
        109 7 MAPLETREE Greater China Commercial Trust (MGCCT) yesterday announced a distribution per unit (DPU) of 1.518 cents for the third quarter ended Dec 31, 2013. This is 16.6 per cent more than the forecast DPU of 1.302 cents. Its DPU for the period from the listing
        109 words
      • Article
        Lock icon Cordlife begins legal proceedings
        86 7 CORDLIFE Group has commenced a legal suit in the High Court against Cryoviva Singapore for unauthorised use of the company's proprietary information and intellectual property. Letters of demand were sent to Cryoviva on Jan 20 and 21, prior to the suit. Cryoviva has removed one of
        86 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      196 4 buzz 'cfi fj rasper Buzz rewards you with Prosperous Red Packets this Lunar New Year with every $3 spent. mg&M Is wr* o Xur K *1 yv Ir'.j o* K K \0 vj> < Start picking a reward now from the Prosperity Capsule. Follow these simple steps to earn plays
      196 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      91 5 SINGAPORE m POOLS Towards Community Purpose and Benefit m Wishing all a Happy Lunar MtW $5 MILLION REUNION DRAW Fri, 24 Jan 2014, 9.30pm For details, visit www.singaporepools.com.sg p Always play with care. responsibly! Do not bet illegally. RGB Reg No: *****0202G m Your one-stop cruise specialist ©6225 -1322 SEVEN
      91 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI slides on China growth worries
      595 6  -  Index falls 1.07%, in line with regional indexes, after the release of HSBC flash PMI for China STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent WORRIES that China’s growth is slowing faster than expected yesterday brought the sellers out in the region and sent the Straits
      Source: Bloomberg  -  595 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 6 Jan 23 VALUE CLOSE BT OB/OS -362.00 -80.00 BT CADI -*****.00-170.00 BT 10-day MA -*****.00 -36.00 FTSE ST Mid Cap 716.80 -5.04 FTSE ST Small Cap 537.62 -4.74 FTSE ST All Share 754.69 -7.56 FTSE ST China Top 200.62 -2.38 FTSE ST China 228.25 -3.10 FTSE ST
      76 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME KLW Hldgs 276,954,000 KimHeng Offshore 118,079,000 Albedo 117,278,000 Charisma Energy 111,695,000 Memstar 104,240,000 Viking 89,408,000 HanKore 85,050,000 MDR 73,323,000 SunVic 70,045,000 Mirach Energy 64,852,000 VALUE($) DBS Grp 125,592,771 UOB 82,200,250 SingTel 73,629,964 OCBC Bk 53,875,710 SunVic 48,889,415 Noble Grp 41,237,375 KimHeng Offshore 37,773,580 Keppel Corp 34,181,730
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 6 5 0 0 0 2 6 5 Manufacturing 31 71 32 6 10 7 37 81 39 Commerce 13 29 15 2 4 5 15 33 20 Tpt/Stor/Comms 4 24 9
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon CapitaMall Trust
        416 6 Jan 23 close: S$1.895 DBS Group Research, Jan 23 THERE was a strong end to Q4 2013. Topline and net property income grew 6.9 per cent and 11.1 per cent to S$178.2 million and S$125.4 million respectively. This was largely attributable to the completion of: (i) asset enhancement
        416 words
      • Article
        Lock icon SATS
        278 6 Jan 23 close: S$3.21 Maybank Kim Eng Research, Jan 23 MR Alex Hungate, the new CEO of SATS, held his first meeting with the analyst community on Wednesday and shared his strategy for the group. His key points are: 1) cement its presence in Asia, 2) leverage on technology
        278 words
      • Article
        Lock icon Raffles Medical Group
        260 6  -  Compiled by CAI HAOXIANG Group Jan 23 close: S$3.06 CIMB Research, Jan 22 RAFFLES Medical Group (RFMD) began 2014 on a strong footing and the latest news on its land acquisition and hospital expansion reflects better use of its cash proceeds and allays concerns about over-crowd-ing lack
        260 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,475 32,475 57,425 57,425 Manufacturing 466,771 356,820 823,591 182,409 15,566 197,976 Commerce 222,947 355,282 578,229 91,484 38,910 130,393 Tpt/Stor/Comms 94,584 4,017 98,601 152,411 448 152,858 Finance 34,733 34,733 278,777 278,777 Construction 88,744 158,350 247,094 20,899
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.855 +0.005 CapitaLand 2.870 -0.030 CapitaMall 1.895 +0.005 CityDev 9.410 -0.100 ComfortDelGro 1.930 -0.035 DBS Grp 16.840 -0.310 GLP 2.920 -0.020 Genting SP 1.450 -0.030 Golden Agri 0.525 -0.005 HK Land 6.220 -0.180 HPH Trust US$ 0.675 -0.005 JMH 54.550 -1.150
      115 words
    • Article, Illustration
      Lock icon Euro makes biggest gain in three months
      474 6 CURRENCIES Bloomberg [LONDON] The euro yesterday advanced the most in three months against the dollar as a measure of manufacturing in the region rose to the highest in more than 21/2 years, boosting optimism that growth in Europe is gathering pace. The euro
      Bloomberg; PHOTO: BLOOMBERG  -  474 words
    • Article
      Lock icon RISES
      112 6 BY CENTS CLOSE UP CIMBAsean40 100US$ 1000 56.4 4.6 Jardine C&C 3919 16.0 0.4 DBXT MSINDO 10us$ 1220 15.4 1.0 Auric Pac 130 8.0 6.6 IS MS India 100US$ 608 7.7 1.0 DBXT MSPHILS 10US$ 171.7 6.0 2.8 Haw Par Corp 830 5.0 0.6 Keppel Land 331 5.0 1.5
      112 words
    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN SPDR DJIA 10US$ ***** -150.1 -0.7 JMH 5455 -147.5 -2.1 SPDRS S&P 500 10US$ ***** -96.2 -0.4 DBXT MSKorea 10US$ 6055 -62.9 -0.8 JSH 3326 -56.4 -1.3 DBXT FTChina25 10US$ 2792 -51.3 -1.4 Hyflux 6% CPS 10 ***** -40.0 -0.4 Lyxor China H 10US$ 1351
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      680 7 B 6 W \A Jlr A Spring Awakening at Carlton City Hotel Singapore, Tanjong Pagar A It* Chinese New Year International Buffet Menu at Plate Dinner (30 Jan): $48.80++ per adult $28.80++ per child Lunch (31 Jan 1 Feb): $48.80++ per adult $28.80++ per child Weekday Semi-Buffet Lunch from $25++
      680 words
Page thumbnail Page 8
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S’pore, Niger sign 3 deals to boost ties
      367 8  -  The sub-Saharan nation offers new opportunities for S’pore firms: SBF By LEE U-WEN leeuwen@sph.com.sg SINGAPORE and Niger yesterday inked three new deals that both sides hope will help develop business, investment and people-to-people links. The agreements with the Singapore Business Federation (SBF),
      PHOTO: M.O. SALLEH/BERITA HARIAN  -  367 words
    • Article
      Lock icon Telcos, real estate agents get guidelines on data protection Act
      501 8  -  They are first sectors to get proposed advisory By JOYCE HOOI joyceh@sph.com.sg AS the full force of the Personal Data Protection Act (PDPA) looms on July 2, the first of a potential series of proposed sector-based guidelines are now out,
      501 words
    • Article
      Lock icon Luxury cars used in cigarette smuggling
      216 8  -  By SHEENA TAN tsheena@sph.com.sg THE use of luxury cars for contraband cigarette smuggling into Singapore has increased, with 15 people caught last year compared to four in 2012. Assuming that luxury vehicles would have a lesser possibility of being checked at the border, they
      216 words
    • Article
      Lock icon Geylang reserve list site draws $146m top bid
      527 8  -  Strong interest, 16 bidders, may be due to dearth of good sites in H114 list By MINDY TAN tanmindy@sph.com.sg A SMALLISH plot at Geylang East Avenue 1 has drawn keen interest 16 developers bid and reeled in a top bid of $145.9
      527 words
    • Article, Illustration
      Lock icon Bleak outlook for EMs in 2014: SocGen
      371 8  -  By JAMIE LEE leejamie@sph.com.sg SOCIETE Generale Private Banking is less positive on emerging markets (EMs) and, correspondingly, on Singapore and Hong Kong, both of which are correlated to emerging markets, according to its investment outlook report. Given the receding global liquidity as the
      PHOTO: REUTERS  -  371 words
    • Article
      Lock icon Acra sounds 2nd alert on ‘subscription services’ firm
      253 8  -  By RAPHAEL LIM raphlim@sph.com.sg THE Accounting and Corporate Regulatory Authority (Acra) has issued an alert about an entity seeking payment from companies for “subscription services”. This is Acra’s second warning against Data Register Pte Ltd. The first came in November, when it
      253 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      16 8 www.omy sg 1 m x V >«■ V*V. t I r i fc*; >» showbiz. omy. s g
      16 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      38 8 DIPLOMAT’S DIARY India’s high commissioner to Singapore on her six months after taking charge Shashi Tharoor’s ex-chief of staff on Sunanda Pushkar GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      38 words
Page thumbnail Page 9
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Growth hurdles seen for F&B, tobacco firms
      399 9  -  Consumer stocks look less attractive in 2014 as spending power softens: CIMB By PAULINE NG in Kuala Lumpur IN a year expected to be marked by slower consumer spending, growth could be a challenge for food and beverage (F&B) companies, breweries and tobacco
      399 words
    • Article
      Lock icon Freeport looking to resolve Indonesia export tax impasse
      534 9 It says new rules conflicted with a contract it signed with the govt in ‘91 Reu ters [PHOENIX, Arizona] Freeport McMoRan Copper Gold said on Wednesday that it would “defend its rights” in Indonesia against a new export tax, but was confident
      Reuters  -  534 words
    • Article
      Lock icon Affin shares up 0.2% on news of RM1.36b purchase of Hwang DBS
      504 9  -  However, Hwang DBS stock plunges 6.7% to RM4.01 By in S JAYASANKARAN in Kuala Lumpur SHARES in Malaysian bank Affin Holdings closed 0.2 per cent higher at RM4.18 yesterday while Hwang DBS shares plunged 6.7 per cent following
      504 words
  • Page 9 Advertisements
Page thumbnail Page 10
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Lenovo to buy IBM’s low-end server business
      769 10 Deal, valued at US$2.3b, is biggestever tech acquisition by a Chinese firm Bloomb erg Reuters [BEIJING] Lenovo Group Ltd, the world’s largest PC maker, agreed to buy International Business Mac h i nes C or p s IBM low-end server business in a
      Bloomberg; Reuters; PHOTO: REUTERS  -  769 words
    • Article, Illustration
      Lock icon ‘Western style’ RBI changes not for India, say critics
      887 10 Reuters [MUMBAI] The biggest overhaul of India’s monetary policy in 15 years aims to tackle the nagging inflation that pushes up credit costs and stifles investment, but the changes risk imperilling the country’s already weak economic growth in the absence of
      Reuters; PHOTO: AFP  -  887 words
    • Article
      Lock icon China Credit Trust working to avert default
      589 10 It is also making progress in efforts to repay investors product. Reuters, Bloomberg [SHANGHAI] The company behind a troubled highyield investment product, which investors view as a potential landmark precedent for defaults in China’s shadow bank sector, has reported progress in its efforts
      product. – Reuters, Bloomberg  -  589 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      92 10 HPfi *****0031° FI Ji®i jgTI-FA a' y e ,f.o i i0i 11 i® 3 C— g a 4 1? a? n n Hotel Solutions, Food Beverage and Travel Trade Show 17-19 February 2014 Myanmar Convention Centre,Yangon www.mhft.sphereconferences.com 1 The most comprehensive showcase of hotel and F&B solutions, technologies and innovations
      92 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      31 10 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF KINDNESS DAILY LOVE MORE TRY SOMETHING NEW EVERYDAY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
      31 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      3663 11 MANDATORY CONDITIONAL CASH OFFER by CIMB BANK BERHAD, SINGAPORE BRANCH (Incorporated in Malaysia) (Co. Reg. No: *****-P) for and on behalf of SALACCA PTE. LTD. (Incorporated in Singapore) (Co. Reg. No: *****3692D) to acquire all of the issued and paid-up ordinary shares in the capital of BOARDROOM LIMITED (Incorporated in
      3,663 words
Page thumbnail Page 12
  • WORLD
    • Article
      Lock icon SEC judge suspends Big Four China units over audit papers
      1008 12 Deloitte, KPMG, EY and PwC affiliates barred 6 months; 5th firm censured Reuters [WASHINGTON] Chinese units of the global “Big Four” accounting firms should be suspended from practising in the United States for six months, a US judge ruled, in
      Reuters  -  1,008 words
    • Article, Illustration
      Lock icon Austrian bank raises 2.78b euros in share sale
      802 12 Reuters [VIENNA] Raiffeisen Bank International kicked off a year of fundraising by European banks on Wednesday with a share sale that raised 2.78 billion euros (S$4.8 billion) to strengthen its balance sheet and repay state aid. Other banks are also expected to
      Reuters; PHOTO: REUTERS  -  802 words
    • Article
      Lock icon Eurozone stress tests reveal bank errors
      936 12 Banks, authorities clash over definitions of loans and profit models, among others Reuters [LONDON] In his youth, Barrie Wilkinson studied how to stress test bridges. Now he is stress testing the eurozone’s biggest banks. The European Central Bank’s (ECB) year-long review of the currency
      Reuters  -  936 words
    • Article
      Lock icon Bankers urge Britain to remain part of EU
      473 12 They urge London to step up its influence in Brussels NYT [LONDON] The British Bankers’ Association and Citigroup have filed notice with the British government strongly backing a single market, the European Union (EU). The two are encouraging Britain to step up
      NYT  -  473 words
    • Article, Illustration
      Lock icon Technological disruption is on execs’ minds at Davos
      845 13 Many firms, like Google, turn to takeovers to avoid being disrupted WORLD ECONOMIC FORUM Bloomberg [DAVOS, Switzerland] As the Internet took off, newspaper publishers, record labels and travel agencies were all walloped by the emergence of free online alternatives. Today, the range
      Bloomberg; PHOTO: BLOOMBERG  -  845 words
    • Article
      Lock icon MNCs shifting focus as EM ‘gold rush is over’
      605 13 Reuters [DAVOS] Multinational corporations (MNCs) are becoming more picky about emerging-market investments as slowing growth in upstart economies and a recovery in the West take the shine off a previous sure-fire strategic bet. Executives in Davos said they remained committed to
      Reuters  -  605 words
    • Article
      Lock icon ‘Connect’ the key word in 2014 for tech world
      253 13 NYT [DAVOS] The rapid adoption of smartphones and the applications that run on mobile devices will make 2014 a “tipping point” that radically changes the way people work and live, said Marissa Mayer, Yahoo’s chief executive. Speaking at the World Economic
      NYT  -  253 words
    • Article
      Lock icon Berkshire under scrutiny for any risks to financial stability
      832 14 Some regulators want the firm to be analysed before FSB nears taking decision Bloomberg [WASHINGTON] US regulators are starting to scrutinise Warren Buffett’s Berkshire Hathaway Inc to determine whether it is important enough to the financial system to require Federal Reserve
      Bloomberg  -  832 words
    • Article, Illustration
      Lock icon Mass strike paralyses S Africa’s platinum belt
      587 14 AFP [RUSTENBURG, South Africa] Workers at South Africa’s top three platinum producers, that produce half of the world’s platinum, downed tools for higher wages yesterday as police braced for potential violence and investors braced for more economic turmoil. Up to 80,000 miners affiliated
      AFP; PHOTO: AFP  -  587 words
    • Article, Illustration
      Lock icon S Korea Q4 GDP up 0.9%, boosting 2014 prospects
      627 14 Reuters [SEOUL] South Korea’s economy grew a seasonally adjusted 0.9 per cent in the fourth quarter over the previous three months as capital investment grew at the fastest pace in nearly two years, meeting market expectations and boosting growth prospects for
      Reuters; PHOTO: REUTERS  -  627 words
    • Article
      Lock icon Stripe valued at US$1.75b in funding deal
      380 14 PayPal rival startup raises US$80m from venture investors Reuters [SAN FRANCISCO] Stripe Inc has joined the bil-lion-dollar club. The online payment processing startup announced on Wednesday it raised US$80 million from venture capital investors in a deal that values Stripe at a hefty
      Reuters  -  380 words
    • Article
      Lock icon Goldman steers clients to ‘3% funds’ to comply with Volcker
      349 14 Reuters [NEW YORK] Goldman Sachs is expecting to steer clients towards so-called “3 per cent funds” as it takes aim at its large private equity business, with about US$15 billion in assets on its balance sheet that come under Volcker
      Reuters  -  349 words
    • Article, Illustration
      Lock icon Microsoft to let clients choose data location
      439 15 Company aims to allay fears that US intelligence agencies monitor foreigners Reuters [SEATTLE] Microsoft Corp’s head lawyer has suggested that overseas customers will be allowed to have their personal data stored in non-US data centres, the Financial Times reported on Wednesday. It would
      Reuters; AFP FILE PHOTO  -  439 words
    • Article
      Lock icon Revolutionary ‘Mac’ turns 30 in changing computer world
      411 15 AFP [SAN FRANCISCO] Decades before changing the world with iPhones and iPads, Apple transformed home computing with the Macintosh. The friendly desktop machine referred to as the “Mac” and, importantly, the ability to control it by clicking on icons with a “mouse”,
      AFP  -  411 words
    • Article
      Lock icon Banks aid forex-rigging probe as part of Libor settlement
      700 16 Cooperation pacts providing windfall of information to US prosecutors Bloomberg [WASHINGTON] Banks bound by cooperation agreements in an interestrate rigging probe are providing a windfall of information to US prosecutors investigating possible currency manipulation, according to a Justice Department official and
      Bloomberg  -  700 words
    • Article, Illustration
      Lock icon Spain’s jobless rate crosses 26% mark in Q4
      562 16 Bloom berg [MADRID] Spain’s unemployment remained above 25 per cent for a sixth straight quarter, underpinning the extent of the damage wrought by a six-year slump in the euro region’s fourth-largest economy. The jobless rate was at 26.03 per cent of the
      Bloomberg; PHOTO: BLOOMBERG  -  562 words
    • Article, Illustration
      Lock icon Toyota retains world’s top car maker crown
      702 16 It beat GM and Volkswagen with record 9.98 million vehicles sold last year AFP [TOKYO] Toyota sold a record 9.98 million vehicles last year, it said yesterday, outpacing rivals General Motors (GM) and Volkswagen to maintain its title of world’s biggest car maker.
      AFP; PHOTO: BLOOMBERG  -  702 words
    • Article
      Lock icon Eurozone PMI hits 31-month high in January
      415 16 But analysts caution economy is still not out of the woods AFP [BRUSSELS] Business activity in the eurozone private sector hit a 31-month high this month as a modest recovery gathered pace across the region, a key indicator showed yesterday. Analysts cautioned however
      AFP  -  415 words
    • Article
      Lock icon Thai court set to rule on election delay bid
      564 16 Bloomberg [BANGKOK] Thailand’s Constitutional Court will rule today on whether an election scheduled for Feb 2 can be delayed amid an escalation of political violence in Bangkok. Stocks rose to a one-month high on the news. The court agreed to accept
      Bloomberg  -  564 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      2794 13 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices r DOLPHIN ACQUISITIONS PTE. LTD. (Company Registration No. *****9408N) (Incorporated in Singapore) NEWSPAPER NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 215C(5)(b) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that an Extraordinary General Meeting of Dolphin Acquisitions Pte.
      2,794 words
Page thumbnail Page 14
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      1658 15 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) FULL YEAR 2013 FINANCIAL STATEMENT DIVIDEND ANNOUNCEMENT 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2013 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the year ended 31 December
      1,658 words
Page thumbnail Page 16
Page thumbnail Page 17
  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Hapag-Lloyd, CSAV agree to combine ops
      599 17 Tie-up will form the fourth-largest container shipping firm in the world Bloomb erg [SANTIAGO] Cia Sud Americana de Vapores SA (CSAV), controlled by Chile’s billionaire Luksic family, signed an agreement with Germany’s Hapag-Lloyd AG to combine operations and form the world’s fourth-largest container shipping
      Bloomberg; PHOTO: BLOOMBERG  -  599 words
    • Article
      Lock icon Boeing consortium to start field trials on biofuel
      402 17 They recorded progress in making aviation biofuel from desert plants fed with seawater AFP [PARIS] Aerospace giant Boeing and its research partners in the Middle East said on Wednesday that they would start field trials after recording progress in making biofuel from
      AFP  -  402 words
    • Article
      Lock icon Mergers make way for IPOs in jet leasing
      698 17 AWAS Aviation Capital among those mulling share sales Bloomberg [TOULOUSE] AerCap Holdings’s US$5 billion deal last month to buy International Lease Finance Corp (ILFC) caps a merger trend in the industry and may pave the way for a shift to initial public
      Bloomberg  -  698 words
    • Article
      Lock icon Polar Code to regulate Arctic shipping taking shape
      507 17 Reuters [TROMSOE, Norway] New shipping rules are soon to be agreed for the Arctic, where summer sea ice has shrunk by about two-thirds over three decades, opening a new ocean with vast natural resources. Maritime nations are close to a landmark deal
      Reuters  -  507 words
    • Article
      Lock icon TRANSPORT STOCKS
      235 17 SGX '000 Jan 23 S$ +/-Vol Ch Offshore 0.45 0.01 291 Chuan Hup Hldg unch unch 0 Jan 23 Cwt Limited...............1.32 -0.02 106 First Ship Lea unch unch 0 Grand Banks unch unch 0 Jaya Hold Ltd 0.45 K1Ventures 0.01 Keppel Corp 10.88 -0.12 3133 Mercator Lines 0.11
      235 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      31 17 BIRD’S EYE VIEW OF TENDERJOBS Check out the most comprehensive collection of tender notices in CATS Notices in The Straits Times. WATS NOTICES o un O a cv •a Tc o
      31 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      407 17 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ORCHID FUNDING (SINGAPORE) LIMITED (IN MEMBER'S VOLUNTARY LIQUIDATION) Co. Reg No. *****1904H NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      407 words
Page thumbnail Page 18
  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon The productivity challenge: aiming high
      1115 18  -  The PIC scheme needs to be extended and further liberalised to ensure it stays relevant BUDGET 2014 By TAN BIN ENG TRACY THAM The writers are respectively partner and senior manager, Business Incentives Advisory at EY in Singapore. The views reflected in this article are
      FILE PHOTO  -  1,115 words
    • Article
      Lock icon Grappling with Tweetstorms
      468 18 EDITORIAL IN the world of hashtags and retweets, the Tweetstorm finally made its way to Singapore’s shores on Wednesday. Of it, the poet TS Eliot might have been tempted to recycle a line: This is the way a storm breaks not with a bang but a whimper.
      468 words
    • Article, Illustration
      Lock icon Central banks’ QE bounty behind threat of deflation
      784 18  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent HUNDREDS of billions of dollars are being pumped into the global economy every month, carrying the potential for hyper-inflation, and yet all that is coming out “at the other end” is deflation or the threat
      784 words
    • Article, Illustration
      Lock icon Why Singapore is not Iceland . . . . . . and why – despite its healthier condition – the Republic still needs to be vigilant to keep its economy sound
      1973 19  - Why Singapore is not Iceland and why despite its healthier condition the Republic still needs to be vigilant to keep its economy sound By LINDA LIM JAMES CHENG Linda Lim, a Singaporean economist, is professor of strategy at the Stephen M School of Business at the University of Michigan; and
      PHOTO: REUTERS  -  1,973 words
    • Article, Illustration
      Lock icon ‘Popenomics’ has merit
      412 19  -  By EDWARD HADAS &SH REUTERS BREAKINGVIEWS POPE Francis is a Jesuit, a Catholic order which has traditionally, among other things, served the rich and powerful as teachers and confessors. At its best, a Jesuit education inspires the mighty to serve the lowly. The Pope’s address to the
      &SH REUTERS BREAKINGVIEWS; PHOTO: REUTERS  -  412 words
Page thumbnail Page 19
Page thumbnail Page 20
  • Article
    Lock icon Shipping Times
    2251 20 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
    2,251 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      132 20 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
      132 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      123 20 V"\ r 40* new RtPO pT EPC fgl Services we provide; Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553,
      123 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      172 21 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 FREIGHT FORWARDER urgently needed by shippers Can they find your
      172 words
Page thumbnail Page 22
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3042 22 Transaction date: Jan 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14.1 11.5 8Telecom Last Sale AAT Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld 11.5 7
      3,042 words
    • Article
      Lock icon SGX CATALIST
      281 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day 2.4 1.1 t Advanced System 1.3 unch 1000 1.3 1.3 1.2 1.4 22.9 Div Gr Yld Net
      281 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11439 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos!** 1 8726/ China Opportunities 1 2 8273/ EM Local Ccy Bond .0 8924/
      11,439 words
    • Article
      Lock icon GLOBALQUOTE
      262 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 34.4 AVJennings A57.5 +1.5 3 57.5 56.5 56.5 57.5 3.6 6.1 4.7 212.9 52 35.5 Genting HK US$ US41.5 unch 2573 42 41.5 41.5 42 2732.6
      262 words
    • Article
      Lock icon SGX ETF
      847 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF Last Sale 114.4 98.3 CIMB APAC Div 100US$ US98.6 88.6 10.4 1510 1192 CIMBASEAN40 100S$D 1271 1269 1217 866 CIMBAsean40
      847 words
Page thumbnail Page 23
Page thumbnail Page 24
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      701 24 Jan 23 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.63 *****.58 *****.45 Mar14 *****.00 *****.00 *****.00 *****.00 *****3 *****9 Jun14 *****.00 *****.00 *****.00 *****.00 737 2705 MSCI TAIWAN INDEX FUTURES SPOT 303.55 304.32 302.36 Jan14 303.80 304.40 301.90 302.50 *****1 *****1 Feb14 303.70
      701 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 22 Index Change Change Change Change Change Change World Preliminary 1188.9 0.0 0.4 0.1 1.2 0.0 0.0 EAFE Preliminary 966.3 0.0 1.0 0.3 1.7 0.2 0.4 Europe Preliminary 1379.9 -0.1 1.8
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Jan 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.978 5.314 0.646 6.812 54.371 106.825 0.916 9.430 2.928 1.061 92.501 39.771 1.126 9.599 0.796 26.602 28.937 0.529 0.878 Canada 1.023 5.434
      471 words
    • Article
      Lock icon SIBOR
      32 24 Jan 23 (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.***** Source: Thomson Reuters
      32 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 24 Jan 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.56 101.57 101.57 5-Year N*****0T 0.5 01-Apr-18 97.83 97.88 97.88
      88 words
    • Article
      Lock icon PRECIOUS METALS
      136 24 Jan 23 GOLD(US$/oz) Jan 23 Jan 22 Hong Kong 1244.00 1248.00 Jan 22 Jan 21 London 1240.90 1241.12 1241.53 1241.75 Source: Thomson Reuters CAST BAR Jan 23 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 115 51 5gm 327 255 10gm 584 511
      136 words
    • Article
      Lock icon PALM OIL
      59 24 Jan 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2570.0 2557.0 2585.0 2564.0 681 4122 Feb 14 2563.0 2565.0 2595.0 2563.0 2806 ***** Mar 14 2574.0 2575.0 2604.0 2571.0 ***** ***** Apr 14 2577.0 2575.0
      59 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Jan 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1259 1.1264 0.8778 0.8781 Canadian dollar 1.1516 1.1518 0.8979 0.8978 Euro 1.7432 1.7437 1.3591 1.3593 NZ dollar 1.0611 1.0620 0.8273 0.8279 Sterling pound 2.1268 2.1277 1.6582 1.6586
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 24 Jan 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1279.50 1280.50 1286.00 1272.00 May 14 1265.00 1264.00 1270.25 1257.50 Jul 14 1252.25 1249.75 1256.25 1244.25 Aug 14 1217.00 1214.75 1221.00 1209.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
      109 words
    • Article
      Lock icon LIFFE
      94 24 Jan 22 COCOA (£/tonne) Close Prev High Low Mar 14 1718 1717 1724 1697 May 14 1705 1705 1712 1682 Jul 14 1702 1701 1708 1682 Sep 14 1696 1695 1701 1675 COFFEE(US$/tonne) Close Prev High Low Jan 14 1696 1717 1706 1680 Mar 14 1686 1702 1703 1681
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1146 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40.5 0.5 109 0.0 5 -89 54 Asia-Pacific Strategic W*****6 0.4 1 123 180 110.00 4 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit
      1,146 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Jan 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.92 0.54 WTI (Near Mth) 96.83 1.86 Dubai (1-Mth F) 103.65 0.03 Tapis blend 115.72 -0.10 Minas 108.72 -0.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.94 1.27 Jet Kerosene 121.04 unch US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jan 23 S$ Bid Offer 1-month 1.2826 1.2828 2-months 1.2826 1.2828 3-months 1.2826 1.2828 6-months 1.2826 1.2829 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 24 Jan-22 Jan-22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1738.75 1754.00 3 months 1783.00 1798.50 Copper, Grade A(US$/tonne) Cash 7328.50 7403.50 3 months 7292.00 7339.00 Lead(US$/tonne) Cash 2173.50 2187.50 3 months 2195.00 2212.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Jan 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.158 1.103 Can dollar 1.174 1.129 Euro 1.774 1.690 Sterling pound 2.162 2.079 NZ dollar 1.086 1.045 US dollar 1.308 1.246 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 24 Jan 23 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
Page thumbnail Page 25
  • executive lifestyle
    • Article, Illustration
      Lock icon Who are you calling poor and smelly?
      618 25  -  OFF THE CUFF Jaime Ee jaime@sph.com.sg jaime@sph.com.sg SOMETHING odd seems to be going on in Singapore. Over the past few weeks, people have been engaging in some form of activity we can only describe as, well, “not leaving”. Say if you took the
      618 words
    • Article, Illustration
      Lock icon Titans of theatre 2014
      2455 25  -  Last year, arts lovers were dazzled by the Three Titans of Theatre, a series of plays by world-class directors. This year, there are no plans for a similar series. But there are certainly three fine and ambitious productions that deserve your attention. From Stan Lai and
      FILE PHOTOS; PHOTOS: ESPLANADE THEATRES BY THE BAY; PHOTO: WILD RICE  -  2,455 words
    • COVER/ARTS
      • Article, Illustration
        Lock icon Broadway’s highbrow season kicks into high gear
        1213 26  -  By DAVE ITZKOFF NYT NOT all potential theatregoers look to New York’s stages hoping to see singing Mormons or the warbling witches of Oz, and this season, producers would give their horses, if not their kingdoms, for their attention and tick-et-buying dollars. The
        NYT; PHOTOS: NYT  -  1,213 words
    • CINEMA
      • Around Town
        • Article, Illustration
          Lock icon Pick of the Week
          324 27 MUSIC fans are in for a treat this weekend with a galaxy of stars, new and old, playing Singapore. First up, the original Jersey Boy, Frankie Valli, performs for one night only tonight at The Star. As the lead singer of The Four Seasons, whose members’
          FILE PHOTO  -  324 words
        • Article, Illustration
          Lock icon Outings
          438 27  -  Compiled by RACHEL LOI rachloi@sph.com.sg Dinosaurs: Dawn to Extinction: If you have a love of all things prehistoric, then you’ll be glad to hear that the dinosaurs are coming to town. Starting tomorrow, an exhibition titled Dinosaurs: Dawn to Extinction, will open at the ArtScience Museum at Marina Bay
          PHOTO: AFP  -  438 words
      • Article, Illustration
        Lock icon A non-FDA-approved high
        587 27  -  Dallas Buyers Club is a gritty diatribe against selling out to HIV, writesGEOFFREY GEOFFREY EU Sometimes, the road to dusty death is paved with second chances and a way to atone for all the wrong turns you took in life. Dallas Buyers Club is the true story
        PHOTOS: SHAW  -  587 words
      • Article, Illustration
        Lock icon Surrealist French outing
        499 27  -  By GEOFFREY EU IF you happen to be in the mood for something completely different, Mood Indigo a wildly inventive, surrealist yarn from the eternally quirky mind of director Michel Gondry just might do the trick. Gondry (Eternal Sunshine of the Spotless Mind, 2004) has gone back
        PHOTO: SHAW  -  499 words
      • Article, Illustration
        Lock icon Heft of A-listers in black comedy
        543 27  -  By DYLAN TAN dylantan@sph.com.sg ANYONE who is dreading extended family reunions next week during the Lunar New Year period might want to steer clear of August: Osage County. Adapted by Tracy Letts from his 2007 Pulitzer Prize-winning stage play of the same name, the
        PHOTO: GV PICTURES  -  543 words
    • ARTS
      • Article, Illustration
        Lock icon Strong statement works by region’s artists
        759 28  -  With the dust finally settled on the hype surrounding Pussy Riot’s Singapore entry, it’s time to look at the art by the Prudential Eye finalists, writes HELMI YUSOF HELMI YUSOF I N the end, the Russian dissident artist group Pussy Riot didn’t win any
        PHOTOS: PRUDENTIAL EYE AWARDS, REUTERS  -  759 words
      • Article, Illustration
        Lock icon Xinyao songs a draw for theatregoers
        593 28  -  By RACHEL LOI rachloi@sph.com.sg WHEN it was first decided in 2007 that the local Chinese musical If There’re Seasons would open with a total of 19 shows at the 615-seater Drama Centre Theatre, some people told director Kuo Jian Hong that it sounded like
        PHOTO: THE THEATRE PRACTICE  -  593 words
      • Article, Illustration
        Lock icon Lots of heart in i Light fest
        501 28  -  By RACHEL LOI rachloi@sph.com.sg COLOURFUL glowing watering cans, a live painting “canvas” that reacts to the light from your mobile phones, some food trucks and even a flea market. These are some of the things you will encounter if you take a walk
        501 words
      • Article, Illustration
        Lock icon Dancing sans the fetters of identity
        353 28  -  By CHEAH UI-HOON uihoon@sph.com.sg AFTER two weeks of a wide and eclectic range of festival programmes, the M1 Fringe Festival 2014 ended with something more down-to-earth pared down to the human body and movement. Focus, by French choreographer Ole Khamchanla, of Compagnie Kham, presented
        PHOTO: M1 FRINGEFEST  -  353 words
    • BOOK/LIFESTYLE
      • Article, Illustration
        Lock icon Language by the (ever-evolving) book
        1606 29  -  The Oxford English Dictionary seeks to be of relevance to both traditionalists of the language and new users in an era of Googled searches and texting By TOM RACHMAN NYT TO compile a dictionary of nearly every word in the English language was an endeavour
        NYT; PHOTO: NYT  -  1,606 words
      • Article, Illustration
        Lock icon Chinatown revisited from NY to California
        1102 29  -  By BONNIE TSUI NYT MY mother is the oldest of five siblings, most of whom grew up in New York’s Chinatown. They are voracious eaters and bargain hunters, and lifelong visitors to Chinese neighbourhoods everywhere. When we talk about a good Chinatown, we point
        NYT; PHOTOS: NYT  -  1,102 words
  • Page 25 Advertisements
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      347 27 CRYPTIC CROSSWORD Across 1 Thus desires to restrict criticism, creating resentful attitude (4,6) 9 Novice, tense, not half pressed (4) 10 Iris adapts, being adaptable plant (10) 11 Footballer in victory against a reduced Germany (6) 12 Don’t interrupt author troubled about little English (4,3) 15 Worry about hospital department’s
      347 words
Page thumbnail Page 28
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      159 29 f IT Tr v; r. |f T n 3! frirl «T ?r Sr* In ITilT m uM r I2«5r fiii 3 r pit e; 53RSJ j| te Si ll I n sr E"» in 5s -J LL‘« g'Tl 5 'Ji "ing 3 l!ll 'Via 5^.1 ■5 A„- injy sg •DU-
      159 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      5358 30 CHINA POWERPLUS LIMITED APPLE COVE LIMITED (Incorporated in the Republic of Singapore) (Incorporated in the British Virgin Islands) Company Registration Number *****8614Z Company Number *****13 JOINT ANNOUNCEMENT 2. 2.1 2.2 2.3 2.4 3. 3.1 3.2 3.3 4. 4.1 4.2 4.3 4.4 4.5 4.6 5. 6. 6.1 6.2 7. 7.1 7.2
      5,358 words