The Business Times, 28 November 2013

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

Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SCCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, November 28, 2013
    25 words
  • 695 1  -  Legal action taken in wake of October’s penny stock collapse By and KENNETH LIM, GRACE LEONG kenlim@sph.com.sg gleong@sph.com.sg [SINGAPORE] Global broking giant Interactive Brokers has launched the largest legal action so far in the wake of October’s penny stock collapse, taking aim
    695 words
  • MARKETS DIGEST
    • 65 1 HST INDEX 3,172.06 (-1.45) HST INDEX FUTURES 3,172.00 (-2.00) GSIMSCI 367.92 (+0.19) ESIMSCI FUTURES 368.00 (unch) US$ S$ US$ (S$ per US$) 1.253 (US$/S$ per 1.621 2.031 EURO (US$/S$/€ 1.358 1.701 Foreign currency per US$ S$ YEN 101.70 81.20 RM 3.227 2.576 HK$ 7.752 6.189 BAHT 32.13 25.65 RUPIAH
      65 words
    • 48 1 Wednesday Change KL COMP 1,798.46 +0.33 NIKKEI 225 15,449.63 -65.61 HANG SENG 23,806.35 +125.07 SET INDEX 1,373.11 +14.42 JAKARTA COMP 4,251.49 +16.23 MANILA COMP 6,053.87 +28.50 SEOUL COMP 2,028.81 +6.17 SHENZHEN B 863.31 -5.54 MUMBAI IND 20,420.26 -4.76 9.30am EST Change DOW 16,082.43 +9.63 NASDAQ 4,027.14 +9.39
      48 words
    • 20 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 INDONESIA 14.578 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg
      20 words
  • 925 1  -  By LEE U-WEN, NISHA RAMCHANDANI leeuwen@sph.com.sg nishar@sph.com.sg [SINGAPORE] Even as anti-govern-ment demonstrations in Bangkok entered a fourth straight day yesterday with no end in sight, Singapore companies with a strong presence in the Thai capital say that the impact on their operations
    PHOTO: AFP  -  925 words
  • Page 1 Advertisements
    • 154 1 PROPERTY CURBS Iskandar developers likely to be worst-hit PAGE 3 S’PORE NEWS Internet firms drive growth in Grade A space rentals PAGE 8 MALAYSIA RHB Cap, CIMB fall after S&P downgrade PAGE 9 COMMENTARY Let a thousand innovators emerge PAGE 21 BUSINESS CHINA AWARDS China committed to reforms PM Lee
      154 words

  • TOP STORIES
    • 279 2 Broker seeks to recover US$68m INTERACTIVE Brokers has launched the largest legal action so far in the wake of October’s penny stock collapse, taking aim at at least 10 clients as it seeks to recover about US$68 million of losses. FRONT PAGE Impact from Thai situation minimal EVEN
      279 words
    • 587 2  -  S’pore continually updating, enhancing its partnership with China, he says By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] China’s leaders are committed to reforms to ensure the country's future growth, said Prime Minister Lee Hsien Loong. He said Singapore can play a part in China’s development
      PHOTO: DESMOND WEE/ THE STRAITS TIMES  -  587 words
    • 849 2  -  But SGX prefers ‘to raise the reward for good behaviour’ By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Where risk management practices are concerned, a study has found that listed companies comply with rules far better than they do with best-prac-tice guidelines. In the case
      849 words
    • 468 2 Reuters AP [BANGKOK] Thailand’s central bank unexpectedly lowered the cost of credit yesterday as escalating protests to topple the government add to pressure on the economy. The Bank of Thailand said it lowered its policy interest rate by a quarter percentage point to
      Reuters; AP  -  468 words
    • 606 3  -  South Sudan GDP forecast to grow fastest; China out of top-12 list for first time By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] Which economy will be the fastest-growing next year? The answer will surprise most people. In fact, many will struggle to even pinpoint
      606 words
    • 670 3  -  Heftier taxes, scrapping of easy financing will deter buyers, says RHB Research By PAULINE NG By in Kuala Lumpur DEVELOPERS with substantial exposure to the Iskandar Malaysia region are expected to be the “worst hit” by recent property measures, as heftier taxes would
      FILE PHOTO  -  670 words
    • 907 3  -  It wants to use S’pore as base to expand forex retail trading in region BY SIOW LI SEN By lisen@sph.com.sg [SINGAPORE] Having successfully revived retail foreign-exchange trading in Singapore, OANDA is now ready to take on the rest of Asia. “We want
      907 words
  • Page 2 Advertisements

  • Page 3 Advertisements
    • 424 3 Has the recession in the Eurozone turned into an opportunity? As the Eurozone stabilizes and the global economy continues to recover, European stocks that were beaten down in the crisis now appear to be poised for growth. How can investors explore this opportunity? Call us at +65 6495 5772 to
      424 words

  • COMPANY NEWS
    • 779 4  -  Change is likely to result in shift to jobs in services sector: JP Morgan exec By SIOW LI SEN lisen@sph.com.sg THE local economy is entering challenging times as it transits to one led by productivity and it’s also a fallacy to think that the
      PHOTO: BLOOMBERG  -  779 words
    • 317 4  -  By VIVIEN SHIAO vshiao@sph.com.sg SINGAPORE Post Limited (SingPost) has become the world’s first postal service provider to offer bank bilateral remittance services with Myanmar, after its launch of a new remittance corridor to the South-east Asian country yesterday. SingPost has partnered four commercial banks
      317 words
    • 767 5  -  REUTERS BREAKINGVIEWS And this profitable trade will continue as long as the financial system stays closed By JOHN FOLEY The writer is a Reuters Breakingviews columnist. The opinions expressed are his own. [BEIJING] China Cinda has spotted a clever arbitrage. The Chinese “bad bank”,
      PHOTO: REUTERS  -  767 words
    • 416 5  -  It has raised $600m from debt market this year amid overseas expansion By SIOW LI SEN lisen@sph.com.sg OXLEY Holdings has sold $100 million of three-year bonds, its sixth debt issuance this year. The bonds were priced at 5.10 per cent, and
      416 words
    • COMPANY BRIEFS
      • 43 5 GRAND Banks Yachts, which was placed on the SGX watchlist on Dec 5, 2011, for two years, has been granted an extension by the regulator until August 2014, when the company announces its 2014 full-year financial results.
        43 words
      • 71 5 UPSTREAM oil and gas firm Interra Resources’ latest development well in the Tanjung Miring Timur (TMT) field in Indonesia has achieved a flow rate of 650 barrels of oil a day. The firm currently has an average shareable production of 1,904 barrels a day.
        71 words
    • 467 7 Fullerton’s 8.7% stake in Eros Int’l, a film distributor, is valued at US$22m Bloomberg [SINGAPORE] Fullerton Fund Management, owned by Singapore’s Temasek Holdings, has bought a stake in Indian film distributor Eros International, gaining a foothold in the movie industry known as
      Bloomberg  -  467 words
    • 294 7  -  By CARINE LEE carinel@sph.com.sg PNE Industries Ltd yesterday said its profit for the full year ended Sept 30, 2013 fell to $3.76 million from $5.61 million a year ago. Turnover decreased 13.2 per cent year on year to $81.86 million from $94.35 million
      294 words
    • 450 7  -  It’s the largest USD sukuk issued by any telco, says DBS By SIOW LI SEN lisen@sph.com.sg f o rm e r l y known as Qtel, has sold its inaugural US$1.25 billion sukuk, the first Islamic bond corporate deal from Qatar. O O R
      450 words
    • 248 7 Reuters CHINA Aviation Oil, Asia’s top jet fuel buyer, is seeking up to 1.6 million barrels of jet fuel for delivery over late December to January, a tender document showed yesterday. This is about 30 per cent higher than
      Reuters  -  248 words
  • Page 4 Advertisements
    • 559 4 A DE LTA FLY TO THE BIG APPLE AND THE WEST COAST ON BUSINESS ELITE FROM S$6,177 Enjoy the comfort of flying on our 180-degree full flat-bed seats with direct aisle access on BusinessElite®. Book at delta.com or call Delta Reservations 24/7 at 6336 3371 to enjoy these special fares.
      559 words

  • Page 5 Advertisements
    • 11 5 CATS Recruit The first step on your ladder to success CLA/AUG06/g
      11 words
    • 229 5 ©SINGAPORE WORKFORCE SKILLS QUALIFICATIONS Role Models for Service Excellence Singapore Airlines’ cabin crew trainers, Ms Foo Juat Fang and Mr Rajamohan, make a difference by translating the airline’s service vision for new cabin crew recruits during the company’s Cabin Crew Readiness Programme, which has been aligned to the Service Excellence
      229 words

  • SINGAPORE MARKETS
    • 566 6  -  Bourse continues to be buffeted by talk of tapering and withdrawal of liquidity from all EMs STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent ANOTHER day, another dollar, or so the saying goes. The optimist would see it as a day in which money was
      Source: Bloomberg  -  566 words
    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 2 0 0 0 7 6 2 Manufacturing 47 37 39 7 4 13 54 41 52 Commerce 19 24 14 3 5 4 22 29 18 Tpt/Stor/Comms 17 10 11
      186 words
    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,204 12,204 40,986 40,986 Manufacturing 181,672 133,241 314,913 76,990 4,523 81,512 Commerce 127,627 371,252 498,879 115,529 23,159 138,688 Tpt/Stor/Comms 79,860 12,404 92,264 138,981 1,536 140,517 Finance 80,846 228 81,074 72,435 59 72,495 Construction 38,904 62,193
      121 words
    • 117 6 Stock name Close Change CapMallsAsia 2.020 +0.010 CapitaLand 3.010 -0.010 CapitaMall 1.930 -0.025 CityDev 9.900 -0.070 ComfortDelGro 1.980 -0.010 DBS Grp 17.000 -0.100 GLP 2.910 -0.020 Genting SP 1.480 +0.010 Golden Agri 0.575 -0.010 HK Land 5.950 -0.020 HPH Trust US$ 0.685 +0.005 JMH 50.400 -0.620
      117 words
    • 73 6 Nov 27 VALUE CLOSE BT OB/OS -258.0 +122.0 BT CADI -*****.0 -39.0 BT 10-day MA -*****.00 -26.00 FTSE ST Mid Cap 722.60 -2.98 FTSE ST Small Cap 534.69 -1.42 FTSE ST All Share 768.60 -0.95 FTSE ST China Top 200.36 -1.01 FTSE ST China 226.28 -0.88 FTSE
      73 words
    • 959 6  -  Compiled by TEH SHI NING IHH Healthcare Nov 27 close: $1.58 CIMB Research, Nov 26 IHH’s Q3 earnings offered no surprises, despite seasonal effects. The good news is the growth story at its new hospitals, while the bad news is confirmation of our view that rate charges at
      Source: Bloomberg  -  959 words
    • 579 6 CURRENCIES Reuters AFP [SINGAPORE] While the Thai baht struck an 11-week low yesterday, after the central bank surprisingly cut interest rates, it was pipped by the rupiah the worst-performer of the day among emerging Asian currencies, falling near another five-year low. The baht fell
      Reuters; AFP; PHOTO: AFP  -  579 words
    • 57 6 VOLUME Albedo 214,069,000 KLW Hldgs 107,691,000 Vallianz Hldgs 100,468,000 HanKore 91,644,000 Innopac 70,696,000 Charisma Energy 56,546,000 DragonGp 45,920,000 Otto Marine 38,442,000 Golden Agri 37,153,000 SIIC Env 33,809,000 VALUE($) SingTel 84,349,910 Noble Grp 36,312,681 JMH 33,885,367 GLP 33,597,960 DBS Grp 29,974,471 Keppel Corp 29,187,720 Genting SP 27,037,795 Golden
      57 words
    • 108 6 BY CENTS CLOSE UP Hyflux 6% CPS 10 ***** 19.0 0.2 DBXT FTVietnam 10US$ 2463 16.3 0.5 Lyxor Nasdaq100 10US 1374 12.5 0.7 DBXT CSI300 10US$ 766 10.0 1.1 Lizhong 34.5 9.5 38.0 UE E&C 107.5 9.0 9.1 AP Strat W*****6 26.5 8.5 47.2 APStrategic 32 8.5 36.2 SIA
      108 words
    • 119 6 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ 7361 -230.5 -2.4 JMH 5040 -77.7 -1.2 GLD 10US$ ***** -62.6 -0.4 JSH 3165 -21.3 -0.5 DBXT MSINDO 10us$ 1168 -20.0 -1.4 Spore Land 844 -14.0 -1.6 DBXT MSMSIA 10US$ 1486 -11.3 -0.6 DairyFarm 1036 -11.3 -0.9 DBS Grp 1700 -10.0 -0.6 H
      119 words
    • 5 6 DAILY
      5 words

  • Page 7 Advertisements
    • 54 7 The World’s Strongest Bank. We believed it, we made it happen. Start believing. If you're looking for a successful and trustworthy financial relationship, you'll find it with the strongest bank in the world. After all, your trust in us is the secret to our success. Africa Asia Europe Middle East
      54 words

  • SINGAPORE NEWS
    • 495 8  -  By FELDA CHAY feldac@sph.com.sg A TASKFORCE has been set up to develop a programme that will help small and me-dium-sized enterprises (SMEs) expand overseas. The Global Immersion Programme (GIP) will have Minister of State for Trade and Industry Teo Ser Luck
      495 words
    • 754 8  -  2014 seen as another healthy year, with steady, sustainable rental growth By MINDY TAN tanmindy@sph.com.sg GROWING demand for Grade A space from consumer Internet companies is setting a new trend in the central business district (CBD), an area traditionally monopolised by
      754 words
    • 586 8  -  By KELLY TAY kellytay@sph.com.sg SINGAPORE’S services sector continued to put up a strong showing in the third quarter, with all segments experiencing higher turnover compared with a year earlier. Even as the outlook for manufacturing sector has picked up considerably, economists BT
      586 words
    • 317 8  -  By CARINE LEE carinel@sph.com.sg SINGAPORE companies in the private and public sectors now have a new avenue to develop greater insights into the emerging continent of Africa. The Nanyang Technological University (NTU) and the Singapore Business Federation (SBF) yesterday inked a memorandum
      317 words
    • 376 8  -  By jaccheok@sph.com.sg JACQUELYN CHEOK jaccheok@sph.com.sg AS family and criminal law are traditionally seen as less lucrative than other areas of law such as corporate and commercial law, younger lawyers tend not to practise the former upon graduation. And this leads to a shortage
      376 words
  • Page 8 Advertisements

  • MALAYSIA
    • 505 9  -  Agency revises ratings outlook of four banks, citing risks associated with property, household debt By S JAYASANKARAN in Kuala Lumpur SHARES in RHB Capital fell 1.8 per cent to RM7.71 while CIMB shares fell 0.4 per cent to RM7.60 after international rating agency
      505 words
  • Page 9 Advertisements
    • 267 9 jervois Chatsworth Road Bishopsgate Grange Road Tanglin Road ■•■■•I i s i Vi in ILV V .V, >. r 96 S'- m rt> ■-J--Lll 3 C U. I •S v 1 Sonus mezzanine level Uo~OL, <StA^ U/£j£y\JZs U&-CA, (LuS-Cs. Mon Jervois is nestled in Singapore's prestigious Embassy Row of the
      267 words

  • GREATER CHINA/INDIA
    • 462 10 Scheme will cap CO2 emissions from 202 firms this year at 350m tonnes Reu ters [BEIJING] Guangdong, China’s most populous province with more than 100 million people, is to launch a carbon permits market next month that will be the world’s second biggest
      Reuters; PHOTO: REUTERS  -  462 words
    • 401 10 Reuters [MUMBAI] A second plant operated by Indian generic drugmaker Wockhardt Ltd was hit by the US Food and Drug Administration (FDA) with an “import alert”, effectively a ban, clouding the company’s earnings outlook and sending its shares down as much
      Reuters  -  401 words
    • 743 10 New capital source will help close gap with the bigger boys Reuters [HONG KONG] Capi-tal-starved Asian hedge funds may have got the lifeline they’ve been waiting years for investors from China, some of whom are willing to risk very large sums of money.
      Reuters  -  743 words
  • Page 10 Advertisements
    • 253 10 FUTURE i i t i I i i i i I a CHINA ADVANCED LEADERS PROGRAMME This course has whetted my appetite for China, and for doing business in China. The initial week opened our eyes to the background and history of China. The second week in China itself not
      253 words
    • 120 10 WE’RE STILL H H H H I -L 6 MOVES FOR THIS 6-PACK' T~i M ou Enra BBL ar SM UP SOU! FORG TUITM DF LONDON DESIGN WQ COME DINE WITH ME HYPNOTHERAPY DOES n WORK? til. H CAR?! Should you gB] BE YOUR GYM S k I TOUGHEST GUY/*
      120 words

  • Page 11 Advertisements
    • 120 11 CFA SINGAPORE CONGRATULATES OUR NEWEST CHARTERHOLDERS These 237 exceptional individuals have successfully completed all three levels of the CFA Program and worked as investment professionals for a minimum of four years. As CFA charterholders, they have prepared to lead the financial industry in pursuit of excellence, having demonstrated comprehensive knowledge
      120 words

  • WORLD
    • 558 12 Weatherford cited for bribery and kickbacks, defiance of sanctions NYT [NEW YORK] The United States has announced one of the biggest settlements ever made for corporate misbehaviour overseas, chronicling a litany of charges against a leading energy services provider. The
      NYT  -  558 words
    • 655 12 Bloomberg [NEW YORK] Federal Reserve chairman Ben Bernanke and his colleagues are suffering through their own form of cognitive dissonance: revealing new concerns about the economy’s long-term prospects even as they forecast faster growth next year. Worker productivity, a key component of an
      Bloomberg; PHOTO: REUTERS  -  655 words
    • 822 12 Firms prefer London where listing norms are less restrictive Bloomberg [DUBAI] Dubai and Abu Dhabi are finding that outperforming stock markets aren’t enough to lure initial public offerings as restrictive regulations and a lack of trading volume persuade local companies to list
      Bloomberg  -  822 words
    • 367 12 Bloomberg [OSLO] Norway’s central bank governor Oeystein Olsen said it would be natural for the nation’s US$800 billion sovereign wealth fund to expand the asset classes it invests in as the new government considers how best to deal with the fund’s growth.
      Bloomberg  -  367 words
    • 555 13 CDU compromises on SPD’s demands for minimum wage, more pension spending Bloomberg AFP [BERLIN] German Chancellor Angela Merkel’s next government will maintain her previous coalition’s opposition to deepening financial ties among euro nations struggling to overcome the region’s financial crisis. While Mrs
      Bloomberg; AFP; PHOTO: AP  -  555 words
    • 545 13 Bloomb erg [HANOI] Vietnam’s leaders are set to tighten their grip on the economy, affirming the central role of the ruling Communist Party and the dominance of state companies in a revised constitution to be approved this week. After indicating in January they
      Bloomberg  -  545 words
    • 512 13 They are fearful of joining queue of 6m people out of work AFP [MADRID] Fearful of joining the one in four workers out of a job, Spanish employees are accepting ever deeper salary cuts as they pay the price of the economy’s growing competitiveness.
      AFP  -  512 words
    • 337 13 Bloomb erg [SEOUL] South Korea’s growth is poised to accelerate to the fastest since 2010, even as the central bank warned the won’s climb to the highest against the yen in more than five years threatens to damp exporters’
      Bloomberg  -  337 words
  • Page 12 Advertisements
    • 685 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices W SunVic Chemical SUNVIC CHEMICAL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6502E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sunvic Chemical Holdings Limited (the “Company”) will be held at
      685 words
    • 0 12 &=%*!{;=$`"`%"*!?(/^$?[%;@\(%>|
      0 words
    • 113 12 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) AND IN THE MATTER OF BLUE-SEA ENGINEERING PTE LTD (IN LIQUIDATION) NOTICE OF DIVIDEND Name of Company: BLUE-SEA ENGINEERING PTE LTD (IN LIQUIDATION) Company Registration No.: *****2129Z Address of registered office: c/o Raffles PAC 4 Leng Kee Road #06-06 SIS Building
      113 words

  • Page 13 Advertisements
    • 2042 13 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CREATIVE INTEGRATION PTE LTD (In Members' Voluntary Liquidation) Company registration no. *****1986C At an Extraordinary General Meeting of the Company duly convened and held at 31, International Business Park,
      2,042 words
    • 336 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DATA STREAM CORPORATION (S) PTE LTD (In Members' Voluntary Liquidation) Company registration no. *****1433R At an Extraordinary General Meeting of the Company duly convened and held at 31, International Business Park, #03-01 Creative Resource, Singapore *****1
      336 words

  • AVIATION
    • 764 14 They’re instructed by Tokyo to stop giving flight plans demanded by Beijing Bloomberg [TOKYO] ANA and Japan Airlines (JAL), the nation’s largest carriers, flew through a new Chinese air-de-fence zone without notifying the country after Japan asked airlines to stop giving flight
      Bloomberg  -  764 words
    • 365 14 It is also looking to add destinations of its own in China Bloomberg [LONDON] British Airways (BA) has held talks with airlines in China aimed at boosting connections there while looking to add more destinations of its own in the world’s
      Bloomberg  -  365 words
    • 525 14 39m people likely to be on the roads for Thanksgiving break Reuters [WASHINGTON] A powerful storm dumped heavy rain and snow over much of the eastern United States on Tuesday, threatening to snarl travel plans for millions of people over the busy
      Reuters; PHOTO: REUTERS  -  525 words
    • 240 14 SGX '000 Nov 27 S$ +/-Vol Ch Offshore 0.43 -0.01 120 Chuan Hup Hldg 0.27 0.01 170 Cosco Corp 0.73 unch 729 Cwt Limited................1.29 unch 445 First Ship Lea Freight Links 0.11 unch 4218 Grand Banks 0.23 0.01 4 Jaya Hold Ltd 0.68 unch 164 K1Ventures 0.19 unch
      240 words
  • Page 14 Advertisements
    • 43 14 CC WAY TO INTEGRATE The role community clubs play in helping new citizens and PRs adjust to life in Singapore ASCENDAS BUILDING 1,450 ACRE TOWNSHIP NEAR CHENNAI GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      43 words
    • 66 14 tl SGPFai? Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com For Exhibitors! Extensive publicity Quality crowd Convenient location Reserve your prime spot TODAY! Email: SGPFair@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF S|£l Blk 8 Lorong Bakar Batu,
      66 words
  • Page 14 Miscellaneous
    • 345 14 CRYPTIC CROSSWORD Across 1 Game old soldiers fought at the front (10) 6 Resistance units on a royal mission (4) 9 Reckoning as fools fellows in street (10) 10 River in the country beginning to disappear (4) 13 A revolutionary having a rest it seems, lying on the shore (7)
      345 words

  • Page 15 Advertisements
    • 422 15 BusinessChinaAwards 'A? 2013 The Business ChinofXAwards aim to honour outstanding businessmen, entrepreneurs, professionals and organisations for their successes and contributions to Singapore-China relations as well as the appreciation of the Chinese language and culture. M-v Business China Excellence Award LIANG BAOHUA Member of the Standing Committee, the 12th National Committee
      422 words

  • BUSINESS CHINA AWARDS
    • 1323 16  -  Business China aims to develop China-ready and China-savvy Singaporeans, saysCHUA CHUA THIAN POH The writer is group chairman and CEO, Ho Bee Group WITH China’s new leadership formally assuming office in March, 2013 has been a year of dynamic change and transition for the world’s
      1,323 words
    • 1464 16  -  By GU GONGLEI NOT long after the birth of Singapore-China Suzhou Industrial Park (SIP), it faced the severe challenge of the Asian Financial Crisis in 1997. At that time, someone made a recommendation to Liang Baohua, the then party secretary of Suzhou
      1,464 words
    • 842 16  -  By KAN KWOK LEONG WHEN unrest roiled Tibet in 2008 and Xinjiang the year after that, journalists from Singapore’s Lianhe Zaobao found themselves in the first batch of foreign media allowed by the China government into the affected regions to
      842 words
    • 816 18  -  Charles Keith CEO Charles Wong built up the China business from scratch to become its biggest market in 3 years Reports by KAN KWOK LEONG IN just over three years, Singa-pore-based retailer Charles Keith has managed to replicate the success of its fast fashion offering in
      816 words
    • 809 18 OCBC is banking on an offshore, onshore strategy to grow its China business EVEN as OCBC grows its presence in China, it has no plans to take on the country’s domestic banks head on. Rather, it has adopted a strategy that taps both its long
      809 words

  • Page 17 Advertisements
    • 153 17 OCBC Bank WORLD’S STRONGEST BANK 2011 *2012 *2013 (2nd) Ranked by Bloomberg Markets BUILDING BUSINESS. BUILDING RELATIONS. BUILDING SUCCESS. These Business China Award recipients are leading the way in building bilateral relations between Singapore and China. We would like to congratulate the well-deserving recipients for their achievements. Business China Excellence
      153 words

  • Page 18 Advertisements
    • 81 18 rm&mam TfT?n!7 l*t« s II C s M V <^v 5 www.businesschina.org.sg BusinessChinaAwards 2013 Another Significant Reason To Celebrate Lianhe Zaobao has clinched the prestigious Business China Enterprise Award. By keeping its finger on the pulse of China, it has provided a bridge of understanding and interaction between Singapore and
      81 words

  • Page 19 Advertisements
    • 50 19 PLACE YOUR AD HERE THE BUSINESS TIMES Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
      50 words
  • 1317 19 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
    1,317 words

  • EDITORIAL & OPINION
    • 489 20 EDITORIAL VIRTUAL currencies such as Bitcoin also known as cryptocurrencies have long been viewed with a mixture of disdain and distrust. Distrust because there has been talk of these “currencies” being used to anonymously buy things such as guns and drugs from sites such
      489 words
    • 841 20  -  THE BOTTOM LINE JOHN GEE John Gee is a Singapore-based freelance writer THIS week’s agreement between Iran and six world powers that establishes a temporary freeze on Teheran’s nuclear programme was greeted with relief and satisfaction in most parts of the world excluding
      841 words
    • 1271 20  -  Deepening ties with key trade partners, including Asean, is a major part of its strategy By OLLI REHN The writer is European Commission vice-president in charge of economic and monetary affairs and the euro UROPE is undergoing an economic turnaround. According to the
      PHOTO: REUTERS  -  1,271 words
    • 1267 21  -  China can offer much more to the world if it removes barriers that limit its people’s creative capacity By HAL GREGERSEN, CURTIS T LEFRANDT The writers are, respectively, the Abu Dhabi Commercial Bank chaired professor at Insead and principal and vice-president of product and training
      PHOTO: BLOOMBERG  -  1,267 words
    • 888 21  -  By MARGARET CARLSON The writer is a Bloomberg View columnist Bloomberg TWO statements explain the huge failure of Obamacare. One is by President Barack Obama, the other is about him. he first was made at the end of the 2008 primary campaign, when candidate Obama
      Bloomberg; PHOTO: AFP  -  888 words


  • SINGAPORE STOCKS
    • 3131 22 Transaction date: Nov 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 15 11.5 8Telecom Last Sale Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld 188 106 AIMSAMPIReit
      3,131 words
    • 247 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller
      247 words
    • 11355 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.5/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos!" 1 9195/ China Opportunities! 2 8885/ FM local Ccy Bond 0 8983/ European Opportunities!" 1 2799/ Global
      11,355 words
    • 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 $mil 61 30 AVJennings A59 unch 9 60 59 59 68.5 3.6 5.9 4.8 218.4 52 31 Genting HK US$ US40.5 -0.5 3316 41 40.5 40.5 41 2666.7
      262 words
    • 861 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 $mil Company 143 127.7 CIMB APAC Div 100S$D 127.9 129 129.9 114.4 99.2 CIMB APAC Div 100US$ US103.7 102.9 103.6 10.9 1510 1192 CIMBASEAN40 100S$D 1296 0
      861 words


  • FINANCE & COMMODITIES
    • 734 24 Nov 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.52 *****.76 *****.52 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****1 Mar14 *****.00 *****.00 *****.00 *****.00 148 6955 MSCI TAIWAN INDEX FUTURES SPOT 292.47 293.44 292.05 Nov13 291.30 293.20 289.80 293.10 *****6 *****6 Dec13 290.90
      734 words
    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Nov 26 Index Change Change Change Change Change Change World Preliminary 1158.6 -0.2 23.5 0.0 24.3 -0.1 21.2 EAFE Preliminary 939.4 -0.5 21.3 -0.2 19.9 -0.2 16.9 Europe Preliminary 1335.1 -0.6 16.4
      373 words
    • 471 24 Nov 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.961 5.546 0.670 7.057 56.693 108.189 0.926 9.659 2.937 1.113 98.522 39.771 1.140 9.240 0.826 26.981 29.243 0.562 0.910 Canada 1.040 5.769
      471 words
    • 38 24 Nov 27 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** Source: Thomson Reuters
      38 words
    • 76 24 Nov 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****E 30-May-14 0.28 1-Year BY*****T 31-Oct-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.82 5-Year N*****0T 0.5 01-Apr-18 99.67 10-Year NX*****H 2.750 01-Jul-23
      76 words
    • 134 24 Nov 27 GOLD(US$/oz) Nov 27 Nov 26 Hong Kong 1255.00 1260 Nov 26 Nov 25 London 1243.66 1239.29 1244.43 1240.51 Source: Thomson Reuters CAST BAR Nov 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 113 50 5gm 320 250 10gm 572 501
      134 words
    • 57 24 Nov 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2620.0 2620.0 2620.0 2600.0 437 3657 Jan 14 2618.0 2639.0 2650.0 2618.0 2228 ***** Feb 14 2621.0 2640.0 2653.0 2617.0 ***** ***** Mar 14 2622.0 2639.0
      57 words
    • 155 24 Nov 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1399 1.1405 0.9101 0.9105 Canadian dollar 1.1856 1.1864 0.9471 0.9466 Euro 1.7004 1.7007 1.3576 1.3577 NZ dollar 1.0243 1.0245 0.8178 0.8179 Sterling pound 2.0302 2.0308 1.6209 1.6213
      155 words
    • 109 24 Nov 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1329.25 1329.25 1330.75 1316.75 Mar 14 1312.00 1314.75 1315.00 1301.00 May 14 1292.75 1296.00 1295.50 1283.00 Jul 14 1284.75 1288.25 1287.50 1276.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
      109 words
    • 95 24 Nov 26 COCOA (£/tonne) Close Prev High Low Dec 13 1742 1766 1768 1734 Mar 14 1751 1774 1775 1741 May 14 1745 1766 1767 1735 Jul 14 1739 1758 1756 1731 COFFEE(US$/tonne) Close Prev High Low Nov 13 1581 1554 1579 1559 Jan 14 1603 1566 1606 1562
      95 words
    • 1288 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Price Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 4 Asiatic Grp(Hldgs) Ltd W*****5 2.2 0.0 2 22 Asiatravel.com HoldingsW*****7 1 1 25
      1,288 words
    • 70 24 CRUDE OIL PRODUCTS Nov 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.29 1.28 WTI (Near Mth) 93.83 -0.36 Dubai (1-Mth F) 107.44 2.03 Tapis blend 117.12 2.23 Minas 111.32 2.23 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.78 0.56 Jet Kerosene 125.87 1.97 US$/barrel OpecOil Basket
      70 words
    • 22 24 Nov 27 S$ Bid Offer 1-month 1.2525 1.2526 2-months 1.2524 1.2525 3-months 1.2524 1.2525 6-months 1.2520 1.2522 Source: OCBC
      22 words
    • 65 24 Nov-26 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1726.75 1728.25 3 months 1773.00 1774.50 Copper, Grade A(US$/tonne) Cash 7061.25 7097.50 3 months 7065.00 7099.00 Lead(US$/tonne) Cash 2072.50 2065.50 3 months 2096.00 2087.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
      65 words
    • 121 24 As at 9am Nov 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.168 1.113 Can dollar 1.210 1.164 Euro 1.738 1.656 Sterling pound 2.068 1.989 NZ dollar 1.049 1.009 US dollar 1.278 1.218 Local dollars to 100 units of foreign
      121 words
    • 157 24 Nov 27 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words

  • PROPERTY
    • 900 25 Tokyo beats Paris to become world’s third most-active real estate market Bloomberg [TOKYO] The strongest bond sales in three years by real estate investment trusts are showing confidence in the property revival sparked by Prime Minister Shinzo Abe. Reit sales jumped 33
      Bloomberg; PHOTO: BLOOMBERG  -  900 words
    • 872 25 WP [WASHINGTON] Home prices jumped over the past year, according to a new report, but worries are growing over whether the housing market is fading as a bright spot in the economy’s murky recovery. The S&P/Case-Shiller index of home prices in 20 US
      WP  -  872 words
    • 587 25 PROPERTY TRANSACTIONS FOR DISTRICTS 5 TO 21 WITH CONTRACT DATES BETWEEN OCT 23 AND OCT 29, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 NON-LANDED Village Pasir Panjang Apt 25/10/2013 FH 1313 1797 1368 District 9 NON-LANDED Cavenagh
      587 words
    • 485 26 They raise minimum downpayment for second homes to 70% from 60% Bloomberg [SHANGHAI] China’s eastern cities of Nanjing and Hangzhou have raised the minimum downpayment required for second homes to 70 per cent from 60 per cent as more cities tighten property policies because of
      Bloomberg; PHOTO: BLOOMBERG  -  485 words
    • 399 26 They cite confusion between provisions and actual payments Reuters [HONG KONG] Chinese property developers have dismissed claims by China Central Television (CCTV) that they owe massive sums in unpaid land taxes, pitting some of China’s most powerful businessmen against the influential
      Reuters  -  399 words
    • 661 26 Bloomberg [MADRID] Spain’s bad bank is offering seven residential blocks for sale in Madrid, Barcelona and Guadalajara, taking advantage of demand from international investors building rental-home businesses in the country. The bank will set a minimum asking price
      Bloomberg  -  661 words
    • 1247 27 Home equity lines of credit could deal another blow to nation’s top banks Reuters [NEW YORK] US borrowers are increasingly missing payments on home equity lines of credit they took out during the housing bubble, a trend that could deal another blow to
      Reuters; PHOTO: AFP  -  1,247 words
  • Page 25 Advertisements

  • Page 26 Advertisements
    • 210 26 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS UNDER MINIMAL RISKS. 2 INCOME GENERATING ASSETS ~Benefit from secure and regular income returns plus bng-term asset appreciation~ Singapore Commercial Buildings in business district with 3-4% returns Bulk sale
      210 words
    • 43 26 GOODWOOD RESIDENCE (TOP Obtained) Ready for occupation Freehold development in D10 Near good schools/Newton MRT/eateries Spacious 2,3 and 4 bedrooms available CALL TO MAKE APPOINTMENT NOW!! 9699 9767 MABEL TAN (CEA No. R*****7B) Chinese business writer Wu Xiaobo: Nosunset industryinChina, thanksto Information Revolution
      43 words
    • 30 26 RARE! FREEHOLD B1 LAUNCH RAMP UP LIGHT INDUSTRIAL Sizes: 3800 15,000 sf. Paya Lebar Biz Hub. Upcoming development projects Must-sell low psf. SUPER upside potential. +65 8691 8000 SON savills
      30 words
    • 7 26 JTC FACTORY IN LOYANG FOR SALE www.colliers.com
      7 words

  • Page 27 Advertisements
    • 61 27 Medical Suites for Lease •Minutes to Gleneagles and Mt Elizabeth hospitals,luxuryhotels and OrchardRoad •Multi-disciplinarymedicalcentrewithover100topmedicaland healthcarespecialists •Locatedintheheartofexpatcommunityof TanglinandHollandareas •RadiologyLaboratories •PharmacyandDiagnosticLaboratory •ShuttlebustoOrchardMRT Medical Expertise. Privacy Location. F or l eas i n g en q u i r i es p l ease ca ll Audrey 6434 9808 Keith 6434 9832 Valerie
      61 words
    • 247 27 CBD OFFICE UNITS FOR SALE No Additional Buyers’ Stamp Duty No Sellers’ Stamp Duty Immediate Rental Income From Tenanted Units Vacant Units For Immediate Own Use Sunshine Plaza Units From 484 sq ft Next to future Bencoolen MRT Station Ample office car-parking with 104 lots Independent flexible air-con system Building
      247 words
    • 469 27 INVESTMENT OPPORTUNITY IN GERMANY (enterParcs Choose to Invest with Europe's Leader in Tourism Resort Management with 46 Years of Experience. Pierre Vacances Center Parcs is recognised for its management expertise in holiday residences in Europe. With 51,000 holiday residences, 23,000 private owners and 7.7 million customers staying atthe holiday resorts
      469 words

  • Page 28 Advertisements
    • 104 28 r r MITSUBISHI ELECTRIC (Changes for the Better I A MITSUBISHI ELECTRIC INVERTER I vjAjs Excellent Energy EASIEST To Clean! teachable Inner Vent for Easy Clean UIETES > f I I II V m oil IT A I V V. 5 Air-Conditioner 9S? »v fitsubishi leclric Quality for a greener
      104 words