The Business Times, 28 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: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, January 28, 2014
    25 words
  • Article
    Lock icon Markets drop as EM woes come together
    1066 1  -  But observers say economic growth environment still positive, no contagion By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] Asian markets took fright yesterday, led by declines in Japan, Hong Kong, India and Indonesia, while European markets also dipped. Selling pressure came from a correction in US
    1,066 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,042.43 (-33.56) HST INDEX FUTURES 3,041.00 (-34.00) HSIMSCI 347.19 (-2.79) HSIMSCI FUTURES 345.50 (-3.60) US$ S$ US$ (S$ per US$) 1.277 (US$/S$ per 1.652 2.109 EURO (US$/S$/€ 1.368 1.747 Foreign currency per US$ S$ YEN 102.80 80.50 RM 3.346 2.621 HK$ 7.762 6.081 BAHT 32.89 25.77 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,778.88 -23.69 NIKKEI 225 15,005.73 -385.83 HANG SENG 21,976.10 -473.96 SET INDEX 1,288.59 -26.04 JAKARTA COMP 4,322.78 -114.56 MANILA COMP 6,081.61 -109.89 SEOUL COMP 1,910.34 -30.22 SHENZHEN B 844.68 -18.21 MUMBAI IND 20,707.45 -426.11 11am EST Change DOW 15,888.33 +9.22 NASDAQ 4,090.90 -37.27
      48 words
    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 JAPAN 14.755 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg
      20 words
  • Article, Illustration
    Lock icon Number of job openings in S’pore up last year: MOM
    616 1  -  Sept ‘13 had 61,900 vacancies, a 9.7% rise from year ago By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] The number of job openings in Singapore rose last year amid a tight labour market, the Ministry of Manpower (MOM) said in a new
    Source: Job Vacancy Survey, MOM  -  616 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      122 1 TENNIS CHAMPIONSHIP WTA event hopes to engage SMEs,MNCs PAGE 9 SME INC A Toyota delivering a Mercedes service PAGE 10 PROPERTY MBFC owners win property tax refund appeal PAGE 26 CORPORATE RESULTS OSIM’s Q4 earnings up 22% PAGE 4 8"*****1"*****4 MASTER TOURBILLON DUALTIME. Jaeger-LeCoultre Calibre 978B with patented jumping date.
      122 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Regulatory tweaks for legal industry on the horizon
      653 2  -  New biz structure, disciplinary process for foreign-qualified lawyers by next year By JAMIE LEE leejamie@sph.com.sg [SINGAPORE] Singapore plans to introduce an alternative business structure for the legal industry, which would allow non-le-gal professionals to own a part of a law firm. The
      653 words
    • Article, Illustration
      Lock icon China Credit close to averting default on troubled product
      826 2  -  But a financial meltdown still looms over China’s banking system By SHU-CHING JEAN CHEN in Hong Kong CHINA is close to averting a crisis over the default of a big shadow-banking product, which would have been the industry’s first such default,
      PHOTO: BLOOMBERG  -  826 words
    • Article
      Lock icon Correction
      58 2 IN “JES’s bet on Mineriver leaves no room for error” (BT, Jan 24), we wrongly stated that JES had parted with $7 million so far in the deal. JES has pointed out that only $2 million out of $7 million in the first tranche payment for the deal has
      58 words
    • Article
      Lock icon New home sales in December fall more than forecast
      412 2 Sales drop 7% to a 414,000 annualised pace after a 445,000 rate in November LATEST US DATA Bloomberg [WASHINGTON] Purchases of new homes in the US fell more than forecast in December, ending the industry’s best year since 2008 on a
      Bloomberg  -  412 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      422 2 Markets drop as EM woes come together ASIAN markets took fright yesterday, led by declines in Japan, Hong Kong, India and Indonesia, while European markets also dipped. Selling pressure came from a correction in US stock markets last Friday. FRONT PAGE Number of job openings in S’pore up
      422 words
    • Article
      Lock icon Thai ruling party against delaying polls
      547 2 Opposition will consider taking part in a delayed vote: ex-premier Abhisit AFP [BANGKOK] Thailand’s ruling party yesterday called for controversial elections to go ahead, despite widespread disruption to advance voting by opposition protesters who besieged polling stations and stopped hundreds of thousands from casting
      – AFP  -  547 words
    • Article, Illustration
      Lock icon Two for-profit pre-schools among three joining govt scheme
      609 3  -  Move will help to inject ‘innovative ideas’ into sector: Chan Chun Sing By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Three pre-schools including two for-profit outfits– have been chosen to be part of the government’s expanded Anchor Operator Scheme, giving a significant boost to the
      FILE PHOTO  -  609 words
    • Article
      Lock icon Japan’s trade deficit rises to new high
      595 3  -  High cost of imports from weak yen more than offsets lower-than-expected exports By ANTHONY ROWLEY in Tokyo JAPAN logged a record trade deficit of nearly 11.5 trillion yen (S$143 billion) last year, as the surging cost of imports arising from a sharp drop
      595 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      346 3 Standard Cg Chartered Here for good Over culinary delights V tickets t surprise to her gastronomic adventure a TV by the bay §[***** It’s good when your card gives you more at SAVOUR 2014 Get up-close with your favourite Michelin-starred chefs once again from 6 to 9 March 2014 at
      346 words
Page thumbnail Page 4
  • COMPANY NEWS
    • Article
      Lock icon OSIM’s Q4 earnings rise 22% to $27.6m
      443 4  -  Gain from TWG Tea fair value partially offset by Brookstone impairment By RAPHAEL LIM raphlim@sph.com.sg OSIM International’s fourthquarter net profit rose 22 per cent year on year to $27.6 million, the group’s 20th consecutive quarter of rise. Revenue for the three months ended
      443 words
    • Article
      Lock icon ASL Marine to buy Miclyn shipyard for US$20m
      460 4  -  By LISA LEE lisalcc@sph.com.sg SINGAPORE shipbuilding and offshore vessel owner ASL Marine has announced plans to acquire Miclyn Express Offshore’s Batam shipyard for US$20 million as the group looks to expand its facilities and capabilities in the shipbuilding and shiprepair business. ASL
      460 words
    • Article, Illustration
      Lock icon Wing Tai’s profit falls 45% in Q2
      440 4  -  Sharp drop in share of profits of associated, JV firms By FELDA CHAY By feldac@sph.com.sg A DROP in contribution from development properties coupled with a sharp drop in share of profits of associated and joint venture companies led Wing Tai Holdings to a
      440 words
    • Article, Illustration
      Lock icon Cordlife reaches legal settlement with Cryoviva
      461 7  -  Cryoviva will pay damages for trademark, copyright infringement By JACQUELYN CHEOK jaccheok@sph.com.sg MAINBOARD-listed Cordlife Group has reached an “amicable” legal settlement with fellow cord blood banking firm Cryoviva Singapore, with regard to the latter’s “passing off and infringement of Cordlife’s registered trademarks and copyrights”.
      461 words
    • Article, Illustration
      Lock icon Yoma blends whisky production into Myanmar expansion
      411 7  -  By KENNETH LIM kenlim@sph.com.sg YOMA Strategic Holdings is making a first foray into whisky distillation as the real estate developer aims to be Myanmar’s version of Jardine Matheson. Yoma will pay US$3.3 million upfront and a subsequent consideration of up to US$7.8 million
      411 words
    • Article
      Lock icon Bridge Alliance forms region’s largest M2M partnership
      303 7  -  By JOYCE HOOI By joyceh@sph.com.sg AS fewer people talk to each other long-distance through conventional voice call channels, an alliance has been formed to capitalise on machines talking to each other. The SingTel-linked Bridge Alliance, a coalition of telcos, has formed the region’s
      303 words
    • Article, Illustration
      Lock icon Julius Baer sees EMs taking a further beating
      518 8  -  It will take selective positions towards late Q2 to tap opportunities in H2 By SIOW LI SEN lisen@sph.com.sg ASIAN markets are having a horrible time but it’s no bad thing for investors taking a contrarian view, said Julius Baer investment specialists. “We
      518 words
    • Article
      Lock icon LionGold’s gold reserves less than thought
      465 8  -  But new technical report sees 96% hike in free cash By ANDREA SOH sandrea@sph.com.sg A NEW technical report on LionGold’s mine in Bolivia has lowered its estimate of the reserves it holds there, but a higher gold price estimate will see free cash generated
      465 words
    • Article
      Lock icon Surface Mount Q3 plunges, remains in negative equity
      384 8  -  By KENNETH LIM kenlim@sph.com.sg ELECTRONICS components maker Surface Mount Technology (Holdings) said its third-quarter net profit plunged 99.2 per cent as re-structuring-related effects weighed on the bottom line. Surface Mount posted profit attributable to shareholders of HK$937,000 (S$154,200), or 0.51 HK cents
      384 words
    • Article
      Lock icon GLP lands tenants for China properties
      261 8  -  By ONG CHOR HAO ongch@sph.com.sg MAINBOARD-listed Global Logistic Properties (GLP) has leased 43,000 square metres (sq m) of space across China to three companies. In a regulatory filing yesterday, the company said one of the three lease agreements inked was with third-party logistics service
      261 words
    • COMPANY BRIEFS
      • Article
        Lock icon China Print sees wider losses
        42 8 CHINA Print Power Group yesterday issued a profit warning for its financial year ended Dec 31, 2013, saying that it expects losses to widen from a year ago due to an expected impairment on plant and machinery.
        42 words
      • Article
        Lock icon Ascendas opens India building
        54 8 ASCENDAS India Trust yesterday officially opened its ‘Aviator’ building at the International Tech Park Bangalore IT Special Economic Zone. The 601,360-square-foot building is fully leased to two tenants, Mu Sigma Business Solutions and Affiliated Computer Services of India. When fully operational, the building is expected to
        54 words
      • Article
        Lock icon Figtree bags $178m contract
        79 8 FIGTREE Holdings Ltd has been awarded a $178 million contract by Tech Link Storage Engineering to design and build the LF Logistics Distribution Centre at Wenya in Jurong West. The facility will be leased by LF Logistics Services, a wholly owned subsidiary of Hong Kong-listed Li
        79 words
      • Article
        Lock icon Marco Polo’s Q1 profit falls
        62 8 MARCO Polo Marine reported a 28 per cent fall in net profit from a year ago for its fiscal first quarter, to $3.3 million. This was despite revenue for the three months ended Dec 31, 2013, rising 99 per cent to $30.1 million. Gross profit
        62 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      94 4 10 reasons 2014 will rock! Sports Hub opens Bye-bye to unwanted calls Shorter wait for trains Jurassic Park New public hospital More Primary 1 places Samba soccer in Brazil New superhero movies Election fever in India and Indonesia Wearable technology The Straits Times looks back at 2013 and forward to
      94 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      212 5 OUG COMMERCIAL REIT IIIIIIIH Hi £3 L|\ ;£dg: t k; p iA •mk P,4 S m j V.5 ;r w- fi-Kii mi 131 i*»i r nnij ISI -tei a CUSTOMS HOUSE tWii c > I r I 5=* E S PORE THANKYOU TO ALL WHO HAVE MADE OUE COMMERCIAL REITS
      212 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon EM, tapering worries hit stocks
      629 6  -  ST Index tumbles 1.1 per cent to bring its year-to-date loss to about 4 per cent STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index (STI) yesterday slipped 33.56 points or 1.1 per cent to 3,042.43 in response to worries that emerging markets (EMs)
      Source: Bloomberg  -  629 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jan 27 VALUE CLOSE BT OB/OS -659.00 -215.00 BT CADI -*****.00 -306.00 BT 10-day MA -*****.00 -66.00 FTSE ST Mid Cap 706.31 -5.70 FTSE ST Small Cap 529.50 -6.68 FTSE ST All Share 741.33 -7.89 FTSE ST China Top 196.71 -2.02 FTSE ST China 223.30 -2.19 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME Albedo 179,531,000 HanKore 139,691,000 Charisma Energy 136,247,000 Blumont 132,422,000 Transcu Grp 115,471,000 Memstar 73,676,000 KLW Hldgs 73,280,000 Federal Int 70,610,000 SingHaiyi 68,044,000 Golden Agri 50,329,000 VALUE($) SingTel 123,303,733 DBS Grp 86,842,278 Keppel Corp 80,477,850 UOB 65,116,560 GLP 46,237,690 Genting SP 40,514,715 OCBC Bk 38,440,545 CapitaLand 33,327,450
      55 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 12 2 0 0 0 0 12 2 Manufacturing 12 93 27 4 13 6 16 106 33 Commerce 5 41 13 2 9 1 7 50 14 Tpt/Stor/Comms 3 31 5
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Starhill Global Reit
        398 6 Jan 27 close: $0.77 OCBC Investment Research, Jan 27 STARHILL Global Reit (SGREIT) turned in a firm set of Q4 2013 results last Friday. Net property income (NPI) rose by 3.4 per cent y-o-y to $38.8 million due to higher contribution from Singapore properties and Plaza Arcade
        Source: Bloomberg  -  398 words
      • Article
        Lock icon Mapletree Greater China
        521 6  -  Compiled by JOYCE HOOI Commercial Trust Jan 27 close: $0.815 DBS Group Research, Jan 27 MAPLETREE Greater China Commercial Trust booked $65.7 million revenue in Q3, 10 per cent better than forecast, while net property income (NPI) was ahead by 13 per cent at $53.8 million and
        521 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,076 25,076 102,901 102,901 Manufacturing 384,047 119,705 503,752 175,511 6,596 182,107 Commerce 176,936 277,725 454,661 103,753 22,632 126,385 Tpt/Stor/Comms 107,523 1,924 109,447 204,484 211 204,695 Finance 35,719 73 35,792 212,353 16 212,369 Construction 46,772 168,654
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 1.805 -0.030 CapitaLand 2.800 -0.030 CapitaMall 1.900 +0.010 CityDev 9.180 -0.120 ComfortDelGro 1.915 -0.010 DBS Grp 16.57 -0.100 GLP 2.860 -0.030 Genting SP 1.405 -0.025 Golden Agri 0.515 HK Land 6.060 -0.030 HPH Trust US$ 0.670 JMH 53.11 -1.890 JSH 32.00
      114 words
    • Article, Illustration
      Lock icon Dollar rises against yen on tapering view
      472 6 CURRENCIES Reuters [LONDON] Safe-haven currencies such as the yen and the Swiss franc took a breather yesterday, with both falling against the US dollar which benefited from expectations that the Federal Reserve may reduce monetary stimulus this week. A rebound in two-year Treasury
      Reuters; PHOTO: BLOOMBERG  -  472 words
    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP GLD 10US$ ***** 123.8 0.8 DBXT S&P Short 10US$ 2670 85.5 2.6 DBXT STGLDv100 10US$ 3080 38.3 1.0 IS S&P500 ***** 35.7 0.2 IS Asia BND 100US 1024 16.6 1.3 IS ASIA HYG100US$ 1068 15.3 1.1 Hyflux 6% CPS 10 ***** 15.0 0.1 DBS Bk
      118 words
    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN DBXT E50 10US$ 5029 -254.0 -3.8 JMH 5311 -241.3 -3.4 DBXT MSEurope 10US$ 5840 -219.6 -2.9 Lyxor Indonesia10US$ 7347 -187.6 -2.0 Jardine C&C 3592 -159.0 -4.2 DBXT FTChina25 10US$ 2698 -90.6 -2.6 Lyxor EmergingMkts 1 960 -85.5 -6.5 DBXT MSINDO 10us$ 1150 -83.0 -5.3 DBXT
      126 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
      220 7 INSEAD The Business School for the World® SID SINGAPORE INSTITUTE OF DIRECTORS INTERNATIONAL DIRECTORS PROGRAMME FIRST IN ASIA! F J 0 L is The Singapore Institute of Directors is partnering with worldleading business school, INSEAD, to bring its unique educational experience for board members to Asia. The International Directors Programme,
      220 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      248 8 Buying a property investment in Malaysia? It’ll certainly pay to be empowered with expert insights before signing on the dotted lines. Learn about upcoming developments in the region, new market trends and regulations, and financing issues to help you make smarter decisions and reap the best yields possible from your
      248 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      59 8 Looking to showcase and sell your Food Products, Cooking Solutions, Kitchen Appliances Accessories? NOW! *****620 or Email: sales@exhibitsinc.com.sg Organised By: Our Food Shows: (Organiser of IT Show, Food Beverage Fair, COMEX, World Food Fair, Consumer Electronics Exhibition and Food Kitchen Show) BLOCK 8, LORONG BAKAR BATU #07-07, S (*****3) TEL:
      59 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 3
      52 8 ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! a k V f. For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere A SUBSIDIARY
      52 words
Page thumbnail Page 9
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon WTA event hopes to engage SMEs, MNCs
      551 9  -  Marketing agency will offer a range of sponsorship deals to suit various budgets By LEE U-WEN leeuwen@sph.com.sg COMPANIES both big and small will get their chance to be part of the glitzy World Tennis Association (WTA) championships, which will be held here for
      PHOTO: AFP  -  551 words
    • Article
      Lock icon Enhanced ICV scheme for SMEs unveiled
      326 9  -  By RAPHAEL LIM raphlim@sph.com.sg SMALL and medium-sized enterprises (SMEs) here could get a boost for their business improvement plans with the enhanced Innovation and Capability Voucher (ICV) scheme announced yesterday. Under the enhanced scheme, starting in March, SMEs can apply for vouchers of $5,000
      326 words
    • Article, Illustration
      Lock icon Lanxess CEO to step down following earnings slump
      461 9  -  By RONNIE LIM ronnie@sph.com.sg LANXESS chairman and CEO Axel Heitmann once dubbed “Singapore’s best salesman” by an EDB official is stepping down in the wake of an earnings slump faced by the German chemicals group. Lanxess made its biggest-ever investment of 400
      461 words
    • Article
      Lock icon S’poreans misjudge 3 aspects of retirement: Manulife
      484 9  -  By GENEVIEVE CUA gen@sph.com.sg SINGAPOREANS expect to retire at 61 and continue working for nine years, the latest Manulife Investor Sentiment Index survey has found. But Manulife said they may have misjudged three aspects the actual duration of their retirement, their daily expenditure
      484 words
    • Article
      Lock icon MBAs of NUS, NTU ranked 32nd, 38th globally
      477 9  -  By LEE MEIXIAN leemx@sph.com.sg TWO local universities’ Master of Business Administration (MBA) programmes made it to the world’s top 40 spots once again in the Financial Times’ (FT) annual rankings released yesterday. The National University of Singapore (NUS) Business School’s MBA programme
      477 words
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      104 9 Wherever your American dream takes you, we’ll fly you there. With a network serving 43 destinations* across North America including daily flights to New York, Washington and Boston via Dubai you can be assured that you’ll arrive in comfort and ready to realise your American dream. Fly Emirates to your
      104 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      469 9 'St [«iAT3 NOTICES In the Matter of The Companies Act (Chapter 50) And In the Matter of AL MIRAGE LEISURE HOLDING PTE. LTD. (In Creditors’ Voluntary Liquidation) Co. Reg. No. *****0098G And AL MIRAGE PROPERTY HOLDING PTE. LTD. (In Creditors’ Voluntary Liquidation) Co. Reg. No. *****0094D And INTERNATIONAL STREAM INVESTMENTS
      469 words
Page thumbnail Page 10
  • SME INC
    • Article, Illustration
      Lock icon A Toyota delivering a Mercedes service
      1100 10  -  Customised supply chain services provider iHub is big on IT and punches above its weight with mobile applications on the way, reports JASLENE PANG JASLENE PANG WITH high rental costs persistently on the minds of many SMEs, iHub hopes to help retailers by providing
      1,100 words
    • Article, Illustration
      Lock icon Adopt a strategic approach to corporate giving
      922 10  -  For maximum impact, companies should organise it along the same business principles that guide their primary work COMMENTARY By KULWANT SINGH The writer is professor of strategy and policy at NUS Business School. This article was first published on the school’s Think Business
      PHOTO: REUTERS  -  922 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      65 10 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
Page thumbnail Page 11
  • MALAYSIA/INDONESIA
    • Article
      Lock icon Ringgit slumps on weak demand for EM assets
      447 11 Five-year govt bonds’ yield continues climb; benchmark stock index at 5-month low Bloomberg [KUALA LUMPUR] Malaysia’s ringgit dropped to the weakest level since May 2010 as concern that China’s economic growth is slowing and prospects of further cuts in US stimulus dampened
      Bloomberg  -  447 words
    • Article
      Lock icon Zahid open to Anwar’s call for dialogue over Malaysia tensions
      528 11  -  Bipartisan talks to address growing racial, religious intolerance in the country By S JAYASANKARAN By in Kuala Lumpur IN a rare step towards reconciliation, Malaysia’s Home Minister Zahid Hamidi yesterday welcomed an opposition leader’s call for bipartisan dialogue to address
      528 words
    • Article, Illustration
      Lock icon Yamaha meets Indonesia sales target
      477 11 It expects to at least maintain the level of deliveries this year Bloomberg [TOKYO] Yamaha Motor, the world’s second-largest motorcycle maker, said that it probably met a reduced 2013 sales target in Indonesia and expects to at least maintain the level of deliveries in its
      Bloomberg; PHOTO: BLOOMBERG  -  477 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China local govts publish maiden audits
      661 12 Aim is to increase transparency, quell investor concerns over US$3t debt Reu ters [BEIJING] China’s local governments have published separate audit reports detailing their combined public debt of US$3 trillion for the first time ever, to increase transparency and quell investor concerns. The audits
      Reuters; PHOTO: REUTERS  -  661 words
    • Article
      Lock icon Fast Retailing to list depositary receipts in HK
      384 12 Bloomb erg [TOKYO] Uniqlo owner Fast Retailing Co, the Japanese clothing company on an overseas expansion drive, plans to list depositary receipts in Hong Kong to help promote its brand to investors and customers in the region. Fast Retailing doesn’t plan to
      Bloomberg  -  384 words
    • Article
      Lock icon Tata Motors MD’s death may be suicide: Thai police
      325 12 [MUMBAI] Tata Motors’ managing director Karl Slym died after falling from the window of his room at the Shangri-La hotel in Bangkok on Sunday. Mr Slym, 51, was in the Thai capital to attend a board meeting of Tata Motors Thailand
      325 words
    • Article, Illustration
      Lock icon China tightens curbs on ‘naked’ officials
      1035 13 Govt won’t consider for promotion those who have moved family, assets abroad Reuters [HONG KONG] Step by step, Chinese authorities are making life tougher for officials looking to spirit assets and family members out of the country to avoid close scrutiny and strict currency
      Reuters; PHOTO: REUTERS  -  1,035 words
    • Article
      Lock icon India to review gold import curbs by end-March
      453 13 Reuters [NEW DELHI] India will review its tight curbs on gold imports by the end of March, the finance ministry said yesterday. India used to be the world’s biggest buyer of bullion until last year when a swollen current account deficit prompted
      Reuters  -  453 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      719 12 A special Feature brought to you by STPROPERTY.sg Smmm The HDB Market in 2014 What does the Year of the Horse hold for the HDB market? Will it gallop deeper down into the troughs or race off to greater peaks? ill r r SIJ WRITTEN BY ELIZABETH CHOONG "EH?Sbpb nr*
      719 words
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      2028 13 WATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices IN THE MATTER OF COMPANIES ACT, CAP 50 AND IN THE MATTER OF JAPANESE MAMA PTE. LTD. REG. NO. *****1960R (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 29
      2,028 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      689 13 IN THE MATTER OF THE COMPANIES ACT ,CAP 50 AND NYENBURGH PTE. LTD. (In Members’ Voluntary Liquidation) By way of Shareholder’s Written Resolution dated 16 January 2014, the following Resolutions were duly passed. 1. AS SPECIAL RESOLUTION WINDING UP That the Company be wound up voluntarily pursuant to Section 290(1)(b)
      689 words
Page thumbnail Page 14
  • WORLD
    • Article
      Lock icon Tokyo may lift curbs on foreign workers
      744 14 Labour shortage in construction sector seen reaching a crisis level soon Bloomb erg [TOKYO] Japan’s barriers to foreign labour are showing signs of cracking as preparations for the 2020 Tokyo Olympics threaten to exacerbate the worst shortage of construction workers in almost 20
      Bloomberg  -  744 words
    • Article, Illustration
      Lock icon Koreans celebrate festivities with Spam
      1125 14 It is given as a gift to pay honour and proper respect on important occasions NYT [SEOUL] As the Chinese New Year holiday approaches, Seoul’s increasingly well-heeled residents are scouring store shelves for tastefully wrapped boxes of culinary specialities. Among their favourite choices: imported wines,
      NYT; PHOTO: NYT  -  1,125 words
    • Article, Illustration
      Lock icon Pimco’s Ivascyn is possible heir apparent to Bill Gross
      827 14 [BOSTON] Daniel Ivascyn is a beast. That’s a compliment coming from Scott Simon, who worked with Mr Ivascyn for 13 years at Pacific Investment Management Co (Pimco). Rather than relaxing on weekends, Mr Ivascyn likes to spend his days buried in
      Bloomberg  -  827 words
    • Article, Illustration
      Lock icon Rising market rates threaten ECB’s policy
      1090 15 Overnight borrowing costs for banks have surged above ECB’s benchmark rate Bloomberg [DAVOS] Rising market rates are posing a dilemma for European Central Bank (ECB) officials trying to keep their ultra-expansive monetary policy in place. Overnight borrowing costs for banks have surged above the
      – Bloomberg  -  1,090 words
    • Article, Illustration
      Lock icon Viet stock index seen rising further
      791 15 Poll puts gain till year-end at 8%, after 11 so far, on strong economic growth Bloomberg [HANOI] Vietnam’s stock index, Asia’s best performer this year, is poised to extend gains as economic growth quickens and the government relaxes foreign ownership limits, according to a
      Bloomberg; PHOTO: BLOOMBERG  -  791 words
    • Article
      Lock icon No let-up seen in pharma, biotech M&As this year
      869 15 Reuters [NEW YORK] The torrid pace of deals in the pharmaceutical and biotechnology sectors through 2013 is not expected to slow down this year, thanks to new technologies to address unmet medical needs. Between 2011 and 2016, patents in developed markets
      Reuters  -  869 words
    • Article, Illustration
      Lock icon Dealing with too-low inflation is one of Yellen’s major challenges
      1036 16 Incoming Fed chief will need to clarify to markets how she will manage issue Bloomberg [NEW YORK] One of Janet Yellen’s first challenges as Federal Reserve chairman is generating enough inflation to meet the central bank’s target of 2 per
      Bloomberg; PHOTO: REUTERS  -  1,036 words
    • Article, Illustration
      Lock icon Argentines go along with relaxed forex controls
      823 16 But investors are left wondering what’s in store Reuters [BUENOS AIRES] Argentina’s sudden relaxation of currency controls, long touted by the government as essential to the country’s financial health, has left investors wondering what’s next for Latin America’s cri-sis-prone No 3 economy. Shopkeepers
      Reuters; PHOTO: REUTERS  -  823 words
    • Article
      Lock icon Samsung, Google ink patent deal to share technologies
      279 16 Bloomberg [SEOUL] Samsung Electronics Co, the world’s biggest maker of smartphones using Android software, signed a global patent-licensing agreement with Google Inc to share their technologies. The agreement covers existing patents and those filed during the next 10 years, according to an
      Bloomberg  -  279 words
    • Article
      Lock icon FSB to scrutinise currency trading benchmarks
      513 16 Regulator’s move follows allegations of manipulation Reuters [WASHINGTON] A powerful global financial regulator will scrutinise benchmarks used in currency trading, a first sign that the largely unregulated market may be kept on a tighter leash after allegations of manipulation. The Financial Stability Board (FSB),
      Reuters  -  513 words
    • Article
      Lock icon Snowden claims NSA collects economic intelligence as well
      469 16 ber 2012. Bloomberg, Reuters [BERLIN] There is “no doubt” the US engages in industrial espionage, Edward Snowden said in an interview in which he also asserted that he worked alone in disclosing mass surveillance by the National Security Agency (NSA). The former
      ber 2012. – Bloomberg, Reuters  -  469 words
    • Article, Illustration
      Lock icon Thai unrest may scare off new foreign investment
      663 17 Infrastructure spending may not take off; consumer confidence falls Reuters [BANGKOK] Long-term foreign investors say that they are sticking with Thailand despite its political woes but the threat of worsening chaos may scare away new money as companies scope out other options
      Reuters; PHOTO: AFP  -  663 words
    • Article
      Lock icon Ifo index, Bundesbank point to stronger German growth
      362 17 Reuters [BERLIN] German business morale hit its highest level in 21/2 years in January and the Bundesbank said growth in Europe’s largest economy would accelerate in the first quarter. The Munich-based Ifo t h i n k t an k s c
      Reuters  -  362 words
    • Article, Illustration
      Lock icon Focus shifts to economy post announcement of split
      455 17 Bloomberg [PARIS] Francois Hollande’s announcement that he has split from partner Valerie Trierweiler should end weeks of discussion about the French president’s private life and turn attention back to the economy, politicians said. “It was a necessary clarification,” France’s Labor Minister Michel
      Bloomberg; PHOTO: AFP  -  455 words
    • Article, Illustration
      Lock icon Incumbent stars and upstarts in music share spotlight
      538 17 The awards show a monster hit can be from anywhere NYT [LOS ANGELES] Newcomers, establishment stars and even a pair of French “robots” shared the spotlight at the 56th annual Grammy Awards ceremony, reflecting a changed music business in which top celebrities
      NYT; PHOTOS: AFP, REUTERS  -  538 words
    • Article
      Lock icon Sony ranked as junk by Moody’s as it lags in phones and tablets
      393 17 Bloomberg [TOKYO] Sony Corp had its credit rating cut to junk by Moody’s Investors Service as Japan’s biggest television maker struggles to capture consumer demand for smartphones and tablet computers. The rating was lowered to Ba1, one
      Bloomberg  -  393 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      1 14 Hospitality&TourismConference2014
      1 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      76 14 hi it Specialist for Company Trips rust Our Knowledge For All Your Travel Needs A U) budget tour Planners Beyond Expectations Company Incentive Trips Church Retreat Packages Free Easy Air Packages Customised Pilgrimage Tours Malaysia Coach Tours Local Sightseeing Tours Coach Hire (Singapore Malaysia) Cruises Budget Tour Planners Pte Ltd
      76 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      73 15 HOT PROPERTY m C 689 TR 5 P T l grd Flr Retail of Watch/™,' tt0d for Expected Welds h/ Ah^ We,er Vacant Possess* n e 4% 23mS r^ tS a PProx 7272/ MR® Good next to raB C u®i te^ni f s 0M M«ciA L frontage, 323-764sf d CENTRAL
      73 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      31 15 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 16
Page thumbnail Page 17
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      282 18 THE STRAITS TIMES WHEREVER YOU ARE LIFE'S A REWARD WHEN YOU SUBSCRIBE TO US GET THESE EXCITING GIFTS WHEN YOU SUBSCRIBE TO THE STRAITS TIMES! ALL-IN-ONE PRINT ONLINE TABLET SMARTPHONE Select a Plan and Pick Your Gift p a p v n t v/— 1 nexusio Nexus 10 by Samsung
      282 words
Page thumbnail Page 19
  • AVIATION/SHIPPING
    • Article
      Lock icon MAHB’s earnings dip 1.3% to RM389m as operating costs jump
      410 19  -  It sees better gains with the start of new budget terminal in May By PAULINE NG in Kuala Lumpur MALAYSIA Airports Holdings Bhd (MAHB) posted marginally lower earnings for the full year ended December 2013, but the airport operator expects
      410 words
    • Article, Illustration
      Lock icon Over 300 fall ill aboard Royal Caribbean cruise
      295 19 Reuters [WASHINGTON] More than 300 passengers and crew members fell ill aboard a Royal Caribbean cruise ship, many with vomiting and diarrhoea, the Centers for Disease Control (CDC) said on Sunday. Royal Caribbean confirmed the outbreak of a gastrointestinal illness, saying that
      Reuters; PHOTO: BLOOMBERG  -  295 words
    • Article, Illustration
      Lock icon Scientists: ageing ISS crucial to research
      468 19 AFP [WASHINGTON] It may be 350km above Earth and a place that only a privileged few will ever visit, but the International Space Station (ISS) is crucial to advances in science, health and technology, scientists say. Earlier this month, NASA said that the life
      AFP; PHOTO: REUTERS  -  468 words
    • Article
      Lock icon Lion Air buys plane engines worth US$1.2b
      501 19 The CFM engines are for 60 new Airbus A320s on order Reu ters [BATAM, Indonesia] Indonesia’s Lion Air said yesterday that it had purchased CFM International engines worth US$1.2 billion for 60 new Airbus A320s on order as the budget carrier goes on
      Reuters  -  501 words
    • Article
      Lock icon Boeing 787 under probe for overheated battery
      376 19 WP [TOKYO] The case of a battery overheating aboard a Boeing 787 Dreamliner on Jan 14 has rekindled concerns about its safety. The state-of-the-art 787s were temporarily grounded around the world last year due to a number of batteries overheating. As the latest
      WP  -  376 words
    • Article
      Lock icon Pirates looted ship off Angola, maintain owners
      342 19 Reu ters [ATHENS] The Greek owners of an oil tanker that vanished off the Angolan coast on Jan 18 say pirates hijacked the vessel and stole a large quantity of cargo, contradicting the Angolan navy’s denial that such an assault took place. Greece-based
      Reuters  -  342 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 19 SGX '000 Jan 27 S$ +/-Vol Ch Offshore 0.43 -0.01 130 Chuan Hup Hldg 0.26 unch 140 Jan 27 Cwt Limited................1.29 -0.02 106 First Ship Lea unch unch 0 Grand Banks 0.23 0.01 430 Jaya Hold Ltd -0.01 K1Ventures 0.19 unch 803 Keppel Corp 10.52 -0.16 7648 Mercator
      240 words
  • Page 19 Advertisements
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      371 19 CRYPTIC CROSSWORD Across 1 Charge round Cornish town with a boy for days over Christmas (7,6) 10 A row about boy in pantomime role (7) 11 Party wear in favour (7) 12 Nominal attachments for the present (4) 13 A bell shaped attachment to the Christmas parcel (5) 14 Party
      371 words
Page thumbnail Page 20
  • EDITORIAL & OPINION
    • Article
      Lock icon Bracing for the onslaught of US shale plants
      495 20 EDITORIAL PLAIN-VANILLA oil refineries around the world are tumbling like ninepins. This shakeout of older, less sophisticated plants continues, with the latest being planned divestments Down Under by oil majors Shell and BP. China’s PetroChina is also reportedly delaying the start-up of
      495 words
    • Article, Illustration
      Lock icon Paranoia and megalomania of the plutocrats
      845 20  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT RISING inequality has obvious economic costs: stagnant wages despite rising productivity, rising debt that makes us
      – NYT  -  845 words
    • Article, Illustration
      Lock icon Tweak R&D tax break to stay competitive
      1105 20  -  Form technical body, raise PIC cap and widen allowed expenses, says KPMG BUDGET 2014 By CHIU WU HONG, LYNTON PETERS The writers are tax partner and senior tax manager respectively at KPMG in Singapore. The views expressed are their own IN a knowledge-based
      PHOTO: REUTERS  -  1,105 words
    • Article, Illustration
      Lock icon Reviving central, eastern Europe growth
      1062 21  - Reviving central eastern Europe growth Region will require further reforms aimed at making it easier to do business and strengthening protections for investors By MARTIN N BAILY, PAL ERIK SJATIL Martin N Baily, chairman of the President’s Council of Economic Advisers under Bill Clinton, is Chair in Economic Policy Development
      – Project Syndicate; PHOTO: AFP  -  1,062 words
    • Article, Illustration
      Lock icon Immigration is an economic positive
      901 21  -  By EDWARD HADAS REUTERS BREAKINGVIEWS THEY’RE taking jobs. They’re milking the welfare state. They’re adding needed skills. They’re paying our pensions. Many claims are made about the economic effects of migrants. Populists have succeeded in pushing immigration up the agenda across Europe: witness the spats
      REUTERS BREAKINGVIEWS; PHOTO: REUTERS  -  901 words
    • Article, Illustration
      Lock icon Tricky business of minimum wage
      671 21  -  ROBERT SAMUELSON The Washington Post Writers Group THIS minimum wage business is tricky. On its face, raising the minimum seems an easy way to fight poverty. Just pay low-wage workers more. After all, some scholarly research finds that, within reasonable limits, there’s no job penalty.
      The Washington Post Writers Group  -  671 words
Page thumbnail Page 21
Page thumbnail Page 22
  • Article
    Lock icon Shipping Times
    1322 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,322 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      61 22 v-i r new atPO** IE PC 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 FORWARDER urgently needed by shippers Can they find your
      61 words
Page thumbnail Page 23
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2948 23 Transaction date: Jan 27 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 Company 20 3.3 A-Sonic --AAT Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld C'vr Net 188
      2,948 words
    • Article
      Lock icon SGX CATALIST
      270 24 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 1.2 unch 1000 1.2 1.2 1.2 1.3 21.1 Div Gr Yld Net
      270 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11227 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Al ert een Asset Mat Asia Limited Global Emerging Markets!** Asian Local Ccy SD Bond Asian Smaller cos'** 0.9899/ 1 84Z9/ China
      11,227 words
    • Article
      Lock icon GLOBALQUOTE
      262 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 34.4 AVJennings A56.5 -1 7 56.5 56.5 56.5 57.5 3.6 6.2 4.6 209.2 52 35.5 Genting HK US$ US40.5 -1 4221 41 40.5 40.5 41 2666.7
      262 words
    • Article
      Lock icon SGX ETF
      912 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113.5 4 113.5 113.5 113 113.5 518.1 Last 114.4 96.5 CIMB APAC Div 100US$ US96.5 10.1 1510 1192 CIMBASEAN40 100S$D
      912 words
Page thumbnail Page 24
Page thumbnail Page 25
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      702 25 Jan 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.45 *****.68 *****.55 Mar14 *****.00 *****.00 *****.00 *****.00 *****1 *****9 Jun14 *****.00 *****.00 *****.00 *****.00 46 2846 MSCI TAIWAN INDEX FUTURES SPOT 302.94 302.94 296.98 Feb14 304.40 304.60 296.10 296.10 ***** *****0 Mar14 301.10
      702 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jan 24 Index Change Change Change Change Change Change World Preliminary 1160.5 -1.6 -2.0 -1.4 -0.9 -1.6 -2.2 EAFE Preliminary 939.4 -1.9 -1.8 -1.7 -0.4 -1.8 -1.8 Europe Preliminary 1338.7 -2.2 -1.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Jan 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.966 5.279 0.638 6.776 54.753 106.777 0.897 9.460 2.920 1.058 92.113 39.595 1.114 9.718 0.782 26.514 28.710 0.528 0.873 Canada 1.035 5.463
      471 words
    • Article
      Lock icon CHICAGO BOT
      109 25 Jan 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1284.75 1277.00 1287.00 1263.50 May 14 1270.00 1262.50 1271.50 1247.50 Jul 14 1257.75 1250.25 1258.75 1234.00 Aug 14 1218.75 1212.75 1220.00 1198.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
      109 words
    • Article
      Lock icon LIFFE
      94 25 Jan 24 COCOA (£/tonne) Close Prev High Low Mar 14 1777 1773 1783 1766 May 14 1765 1762 1772 1752 Jul 14 1758 1755 1765 1745 Sep 14 1752 1748 1758 1738 COFFEE(US$/tonne) Close Prev High Low Jan 14 1725 1720 1727 1721 Mar 14 1708 1710 1712 1690
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1104 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 37.5 -2.5 43 0.0 5 -88 54 Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit MB eCW*****1
      1,104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Jan 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.46 -0.59 WTI (Near Mth) 96.83 -0.56 Dubai (1-Mth F) 102.93 -1.26 Tapis blend 114.75 -1.50 Minas 107.75 -1.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.33 -0.45 Jet Kerosene 121.78 0.10 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jan 27 S$ Bid Offer 1-month 1.2765 1.2766 2-months 1.2765 1.2766 3-months 1.2764 1.2766 6-months 1.2761 1.2763 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      68 25 Jan-24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1718.50 1719.00 3 months 1762.00 1763.00 Copper, Grade A(US$/tonne) Cash 7211.00 7230.00 3 months 7180.00 7206.00 Lead(US$/tonne) Cash 2151.75 2133.00 3 months 2167.00 2153.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
      68 words
    • Article
      Lock icon SIBOR
      32 25 Jan 27 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9mths 12mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
      32 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Jan 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.3 1-Year BY*****T 31-Oct-14 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.54 5-Year N*****0T 0.5 01-Apr-18 97.89 97.98 97.90 10-Year NX*****H
      86 words
    • Article
      Lock icon PRECIOUS METALS
      138 25 Jan 27 GOLD(US$/oz) Jan 27 Jan 24 Hong Kong 1277.00 1265.00 Jan 24 Jan 23 London 1266.70 1259.20 1267.55 1260.20 Source: Thomson Reuters CAST BAR Jan 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117 52 5gm 333 261 10gm 596 521
      138 words
    • Article
      Lock icon PALM OIL
      60 25 Jan 27 Jan KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 14 2560.0 2545.0 2560.0 2540.0 292 2879 Mar 14 2568.0 2550.0 2571.0 2544.0 3983 ***** Apr 14 2575.0 2556.0 2581.0 2551.0 ***** ***** May 14 2576.0
      60 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jan 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1140 1.1146 0.8727 0.8731 Canadian dollar 1.1528 1.1536 0.9037 0.9031 Euro 1.7464 1.7468 1.3681 1.3683 NZ dollar 1.0530 1.0538 0.8249 0.8255 Sterling pound 2.1083 2.1089 1.6516 1.6520
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Jan 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.136 1.082 Can dollar 1.177 1.132 Euro 1.791 1.706 Sterling pound 2.149 2.067 NZ dollar 1.076 1.035 US dollar 1.306 1.244 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      159 25 Jan 27 Jan 27 $S Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ 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
      159 words
Page thumbnail Page 26
  • PROPERTY
    • Article
      Lock icon MBFC owners win property tax refund appeal
      615 26  -  Court of Appeal rules that vacancy refunds extend to fitting-out periods By GRACE LEONG gleong@sph.com.sg THE owners of Marina Bay Financial Centre (MBFC) Towers 1 and 2 have won an appeal to recover $6.9 million in property tax refunds, with the Court of
      615 words
    • Article, Illustration
      Lock icon High-rise farming idea gains ground
      782 26 Architect’s ideas for self-sustaining cities have gained traction AFP [PARIS] Imagine stepping out of your high-rise apartment into a sunny, plantlined corridor, biting into an apple grown in the orchard on the fourth floor as you bid “good morning” to the farmer off to milk
      AFP; PHOTO: AFP  -  782 words
    • Article
      Lock icon China developer to invest £3b in UK
      374 26 Reuters [LONDON] Dalian Wanda, the property developer headed by China’s richest man, plans to invest up to £3 billion (S$6.3 billion) in regeneration projects in Britain, Britain’s prime minister said on Friday. Prime Minister David Cameron unveiled the investment after meeting Dalian Wanda’s
      Reuters  -  374 words
    • Article
      Lock icon Asia’s 1st luxe Nobu Hotel to open in Manila complex
      300 26 Reuters [MANILA] Luxury boutique hotel chain Nobu will set up its first Asia hotel in a US$1.3 billion Philippines gambling complex operated by Melco Crown Entertainment Ltd, mainly targeting wealthy Chinese punters. The Manila-based City of Dreams casi-no-resort is a
      Reuters  -  300 words
    • Article, Illustration
      Lock icon 700 Beach changing hands for some $120m
      392 27  -  Buyers planning to develop 18,400 sq ft site into a hotel with about 300 rooms By KALPANA RASHIWALA kalpana@sph.com.sg 700 BEACH is being sold in a deal that values the asset at about $120 million and the buyers are planning to redevelop the
      PHOTO: HIRSCH BEDNER ASSOCIATES  -  392 words
    • Article, Illustration
      Lock icon JP Morgan sign goes up on Capital Tower
      427 27  -  By KALPANA RASHIWALA kalpana@sph.com.sg A NEW sign on the roof of Capital Tower greeted those in the CBD yesterday: JP Morgan. The US banking giant’s grey signage along the side of the roof facing SBF Center next door replaces the familiar green
      PHOTO: ARTHUR LEE  -  427 words
    • Article
      Lock icon Mall developer MAF to pump 3b dirhams into Dubai
      327 27 Reuters [DUBAI] Dubai mall developer Majid Al Futtaim (MAF) said that it will invest another three billion dirhams (S$1.04 billion) over the next five years to expand its business in the emirate, seeking to take advantage of a trade and tourism
      Reuters  -  327 words
    • Article
      Lock icon Hotel to provide smartphones for guests
      277 27  -  Grand Park Orchard flagship to offer the service by March 3 By NISHA RAMCHANDANI nishar@sph.com.sg THE Park Hotel Group will equip all 308 rooms at its Grand Park Orchard flagship with personalised smartphones, pre-loaded with useful travel apps, which its guests can use both
      277 words
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      159 26 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 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      571 27 ADVERTORIAL BUY-TO-LEASE HOTEL INVESTMENTS Is it for you? Ask The Questions. QSo what is Buy-to-Lease Hotel Investment? ABuy-to-lease hotel investment is when investors are able to purchase a room in a hotel which is then automatically leased back to the developer or hotel operator for their use as part of
      571 words
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      1518 28 A Special Feature Brought To You By Citigold Private Client THE ECONOMY IN PERSPECTIVE G10and Asia Emerging Markets foreign currency outlook for 2014 2014 should see the further weakening of the Japanese yen and the currencies of Asia's Emerging Markets. In this final feature of a three-part weekly series, Citi's
      1,518 words