The Business Times, 29 November 2013

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Total Pages: 60
1 26 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, November 29, 2013
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  • 659 1  -  Triple whammy will block website access and payments, and ban ads By GRACE LEONG By gleong@sph.com.sg [SINGAPORE] Placing bets via the Internet or your mobile device could well get dicey here, as Singapore moves to strengthen its gaming regulatory regime by introducing
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  • MARKETS DIGEST
    • 65 1 GST INDEX 3,186.37 (+14.31) GST INDEX FUTURES 3,186.00 (+14.00) GSIMSCI 369.42 (+1.50) GSIMSCI FUTURES 369.90 (+1.90) US$ S$ US$ (S$ per US$) 1.255 (US$/S$ per 1.632 2.048 EURO (US$/S$/€ 1.359 1.705 Foreign currency per US$ S$ YEN 102.20 81.40 RM 3.232 2.575 HK$ 7.753 6.177 BAHT 32.16 25.63 RUPIAH
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    • 45 1 Thursday Change KL COMP 1,807.60 +9.14 NIKKEI 225 15,727.12 +277.49 HANG SENG 23,789.09 -17.26 SET INDEX 1,359.45 -13.66 JAKARTA COMP 4,233.93 -17.56 MANILA COMP 6,169.96 +116.09 SEOUL COMP 2,045.77 +16.96 SHENZHEN B 876.04 +12.73 MUMBAI IND 20,534.91 +114.65 Thursday Change DOW Closed NASDAQ Closed
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    • 21 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 14.537 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • 813 1  -  By MALMINDERJIT SINGH By msingh@sph.com.sg [SINGAPORE] The proverbial phrase that cream rises to the top is well known, but what is implicit in that saying is that cream is a product of immense heat and pressure. Similarly, the winners of the annual
    PHOTO: JOHN HENG  -  813 words
  • Page 1 Advertisements
    • 98 1 HOCK LOCK SIEW Allow stop-loss, cash market for retail players PAGE 5 SPECIAL FEATURE Country focus on Kazakhstan PAGES 16 17 COMMENTARY Rise of the affluent Asian shopper PAGE 19 WINE The privilege of choice PAGE 33 EXECUTIVE LIFESTYLE Basking in Ilo Ilo’s afterglow IPAGE 29 BT PROPERTY CLASSIFIEDS BT’s
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    • 22 1 ENTERPRISE 50 Don’t miss the 24-page supplement that comes with your copy of The Business Times today! Also read it at BTInvest.com.sg/specials/E50
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  • TOP STORIES
    • 519 2 Laws to restrict online gambling in the pipeline PLACING bets via the Internet or your mobile device could well get dicey here, as Singapore moves to strengthen gaming regulatory regime. FRONT PAGE Productivity gains, value creation steal the E50 show THE winners of the annual E50 Awards stood
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    • 660 2  -  IE S’pore to launch credit guarantee scheme with ADB and Swiss Re By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Singapore’s exports to Asia’s emerging markets are about to get a $1 billion annual boost from a new government trade financing plan. Some 250
      PHOTO: BLOOMBERG  -  660 words
    • 581 2  -  48% see expansion, down from 60% previously: survey By jaccheok@sph.com.sg JACQUELYN CHEOK jaccheol<@sph.com.sg THE confidence level of small businesses in Singapore has reached its lowest ebb, going by the findings of the CPA Australia AsiaPacific Small Business Survey 2013. Carried out in September among
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    • 484 2  -  By PAULINE NG in Kuala Lumpur DESPITE a third-quarter recovery in exports and better-than-expect-ed economic growth of 5 per cent, Malaysia’s manufacturers and consumers seem pessimistic about the coming months, predicting sluggish conditions on the back of declining demand and cost increases. This
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    • 584 4  -  Shares up 3.8% on news; PM Abbott wants airline to stay an Aussie icon By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The Australian government is considering changes to the Qantas Sale Act, which limits foreign ownership in the airline to 49 per cent, prompting
      PHOTO: AFP  -  584 words
    • 443 4  -  Growing number of alternative-payment operators cited By GRACE LEONG gleong@sph.com.sg [SINGAPORE] Blocking credit card payments for online bets is one way of hobbling remote gambling operators, but with a growing number of alternative-pay-ment operators in Asia, the potency of such a measure may
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    • 778 4  -  By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Despite the slowdown in new private home sales, demand for land remains strong, with two adjacent plots at Upper Serangoon View garnering eight bids each. This is despite the Urban Redevelopment Authority (URA) rolling out the
      Source: URA  -  778 words
  • Page 2 Advertisements

  • Page 3 Advertisements
    • 75 3 J <* V rj r i r 1 i 1 t IN 1969 OMEGA DEFIED ZERO GRAVITY GOING TO THE MOON. IN 2013 OMEGA DEFIES MAGNETIC FIELDS ON EARTH. This OMEGA Seamaster Aqua Terra resists magnetic fields greater than 15,000 gauss, solving a problem that has perplexed watchmakers for centuries.
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  • Page 4 Advertisements
    • 705 4 NutritionPark.com Largest Range! Longest Warranty! ULTIMATE NUTRITION PROSTAR WHEY PLATINUM SERIES (5LBS) GREEN MAGNITUDE UQTf 25g of protein, 6g of BCAA, 2g of curbs per serving. I servings per tub. Patented formula to improve strength, stamina, performance and muscle mass. hoTse power X ■(225g) U UP $199 if/r? fab $89
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    • 127 4 rmsTOT-mrsn Pv L r Tf f r, ft’ «ii^' «F r M i J n E */r ’’>• Singapore Top Artist MRCHUA MIA TEE at 82 years old, Mr Chua is a well-known realistic oil painting artist in Singapore. He learnt painting (Western-Art) at The Nanyang Academy of Fine Arts
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    • 21 4 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. 00 BEATS NOTICES
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  • COMPANY NEWS
    • 517 5  -  Steady income from strong order book, long-term charters By LISA LEE lisalcc@sph.com.sg AFTER two years of losses in 2010 and 2011 and numerous top management changes, Mermaid Maritime Plc (Mermaid) appears to be back on course with a steady income from an order book of
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    • 459 5  -  By LEE MEIXIAN leemx@sph.com.sg CHINESE restaurant chain Putien has entered into a joint venture (JV) with Tai-wan-listed Wowprime Corp to introduce Taiwan’s popular vegetarian dining concept, Sufood, to Singapore. The JV company, Sufood Singapore, would be 30 per cent and 70 per cent
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    • 402 5  -  By MINDY TAN tanmindy@sph.com.sg CENTURION Corporation is set to make its foray into the student accommodation business, after it emerged as the successful bidder for the construction of RMIT Village and an adjoining car-park building in Melbourne for a total purchase consideration of
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    • 761 5  -  With a cash market, anyone who had oversold a position on date T could immediately fill it the next day and avoid being caught short on (T+3) and thereby escape a potentially large loss when the exchange’s buying-in was executed. HOCK LOCK SIEW
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    • 386 7  -  Deal with Peninsular Teamwork is for building a 900-unit housing estate By CARINE LEE carinel@sph.com.sg OXLEY Holdings yesterday said its wholly owned subsidiary, Oxley Ruby Sdn Bh d 15.28-acre freehold land in w ill d eve l o p a 15.28-acre freehold
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    • 612 7  -  Move is part of its RTO by the maker of passenger boarding bridges By CAI HAOXIANG haoxiang@sph.com.sg LOSS-MAKING main-board-listed airport logistics services company Pteris Global released more details of its reverse takeover (RTO) by passenger boarding bridge manufacturer Tianda Group yesterday. It
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    • 266 7  -  By LEE U-WEN leeuwen@sph.com.sg ETIKA International Holdings yesterday reported a 75.2 per cent drop in net profit to RM5.1 million (S$1.98 million) for the full year ended Sept 30, 2013. The company said that this fall came mainly from higher operating expenses due to
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    • 766 8  -  Linc Energy says it has seen keen interest from local, offshore investors Reports by ANDREA SOH sandrea@sph.com.sg THE move by Linc Energy to shift its listing from Australia to Singapore will be an important litmus test for other resource firms, particularly
      PHOTO: LINC ENERGY  -  766 words
    • COMPANY BRIEFS
      • 93 8 MARINE-SERVICES provider Swissco Holdings has secured $27 million in charter contracts. The mainboard-listed company’s two 60-metre anchor handling tug-and-supply vessels will be deployed immediately after the group takes their delivery next month and in January. The first vessel will be deployed for at least
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      • 65 8 BOUSTEAD Singapore will host its Retail Investor Days next month on Dec 12 at 2pm and on Dec 13 at 9.30am. Both the sessions will include a presentation of the company’s business updates and a financial review. The first session is for new retail
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      • 100 8 TECHNICS Oil Gas has sunk to a net loss of $8.6 million for the fourth quarter ended Sept 30, down from a net profit of $2.4 million previously. Revenue for the quarter fell 69 per cent year on year to $7.7 million
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      • 77 8 LOCAL construction group Keong Hong Holdings posted an 8.1 per cent rise in net profit to $21.6 million for the financial year ended Sept 30. This was despite registering a 12.4 per cent drop in revenue to $146.6 million, due mainly to
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      • 84 8 LISTED developer Goodland Group reported lower full-year earnings of $17.02 million, from $24.65 million a year earlier. It cited lower income recognised from projects of lower development value and overall lower share of profits from associated companies. Revenue for the year ended
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    • 701 8 LINC Energy, which plans to list in Singapore, will divest its coal and oil assets, eventually turning into a pure gas play. The firm is betting that growth in energy use will be through gas. “Most of Asia, other than one or two countries, are
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  • Page 5 Advertisements
    • 197 5 ©SINGAPORE WORKFORCE SKILLS QUALIFICATIONS No Small Feat Les Amis Group’s relatively small operation is not an obstacle in its pursuit of service excellence. It adopts a strict promote-from-within practice, cross-promoting team members and leaders who are ready to take on new challenges. This way, its service culture and values are
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  • SINGAPORE MARKETS
    • 560 6  -  Despite the index’s positive showing, losers outnumber gainers 226 to 184 STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent A PUSH on the banks and the biggest two Jardine stocks first thing in the morning helped propel the Straits Times Index (STI) up 27 points
      Source: Bloomberg  -  560 words
    • 73 6 Nov 28 VALUE CLOSE BT OB/OS -218.00 +40.00 BT CADI -*****.00 +63.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 724.09 +1.49 FTSE ST Small Cap 535.86 +1.17 FTSE ST All Share 771.61 +3.01 FTSE ST China Top 200.84 +0.48 FTSE ST China 227.25 +0.97 FTSE
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 2 0 0 0 10 2 2 Manufacturing 52 31 39 8 7 8 60 38 47 Commerce 23 17 22 8 4 1 31 21 23 Tpt/Stor/Comms 14 10 14
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    • 1049 6  -  Compiled by TEH SHI NING Singapore Banks Nov 28 close for DBS: $17.14 OCBC: $10.50 UOB: $21.19 Maybank Kim Eng Research, Nov 27 Raising sector to Overweight. WITH short-term rates expected to bounce in early 2015, a new re-rat-ing wave could be unleashed as early as H2-14. The
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    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,719 11,719 50,103 50,103 Manufacturing 168,192 48,279 216,471 83,113 1,779 84,892 Commerce 128,705 306,824 435,529 48,474 25,474 73,948 Tpt/Stor/Comms 72,700 23,375 96,075 129,063 3,013 132,076 Finance 33,442 172 33,614 94,549 58 94,607 Construction 74,656 19,687
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    • 114 6 Stock name Close Change CapMallsAsia 2.010 -0.010 CapitaLand 3.020 +0.010 CapitaMall 1.935 +0.005 CityDev 10.060 +0.160 ComfortDelGro 1.970 -0.010 DBS Grp 17.140 +0.140 GLP 2.970 +0.060 Genting SP 1.485 +0.005 Golden Agri 0.575 HK Land 5.880 -0.070 HPH Trust US$ 0.685 JMH 50.870 +0.470 JSH 32.080
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    • 531 6 CURRENCIES Reuters [SINGAPORE] The Indonesian rupiah hit the 12,000 per US dollar psychological support level yesterday the first time in nearly five years while the Thai baht and the Philippine peso slid on disappointing economic data. Month-end and year-end dollar demand from Indonesian
      Reuters; PHOTO: BLOOMBERG  -  531 words
    • 56 6 VOLUME Albedo 126,050,000 Viking 113,682,000 DragonGp 57,090,000 IPCO Intl 46,229,000 KLW Hldgs 32,067,000 Golden Agri 29,723,000 Vallianz Hldgs 27,064,000 SIIC Env 23,787,000 W Corp 23,787,000 HanKore 23,505,000 VALUE($) SingTel 79,167,570 DBS Grp 39,900,040 Keppel Corp 35,303,815 Wilmar 27,181,420 UOB 25,116,700 GLP 21,199,060 Golden Agri 17,079,595 OCBC Bk
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    • 106 6 BY CENTS CLOSE UP JMH 5087 59.0 0.9 JSH 3208 54.0 1.4 DBXT MSEurope 10US$ 5830 40.2 0.6 DBS Bk 4.7% NCPS 100 ***** 23.0 0.2 Lyxor US DJIA 10 US$ 1650 21.3 1.0 UOB 2119 18.0 0.9 CityDev 1006 16.0 1.6 DBXT MSMSIA 10US$ 1498 15.1 0.8 DBS
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    • 129 6 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -194.5 -1.2 Lyxor Indonesia10US$ 7234 -159.4 -1.7 GLD 10US$ ***** -54.0 -0.4 Jardine C&C 3493 -39.0 -1.1 DBXT FTVietnam 10US$ 2445 -22.6 -0.7 DBXT MSINDO 10us$ 1150 -22.6 -1.5 DBXT FTChina25 10US$ 3090 -20.1 -0.5 DBXT MSBrazil 10US$ 480 -20.1 -3.2
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 243 7 YE R END SALE FURNITURE, LIGHTINGS CRYSTAL CHANDELIER Enjoy up to70%SAVINGS 65 Mohamed Sultan Road Singapore *****3 Tel: 6734 3425 6235 3221 Fax: 6235 3762 sales@lemerciers.com www.lemerciers.com Opening Hours Mon-Sat 10.30am-7pm, Sun PH 10.30am-7pm ENTERPRISE Celebrating Singapore's Enterprising Spirit 2013 Many thanks to all our Customers, Principals and Partners for
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  • Page 8 Advertisements
    • 370 8 Savour exquisite Christmas culinary delights together with family, friends and loved ones at our award-winning restaurants and bar Edge, Keyaki, Hai Tien Lo, Pacific Marketplace, Poolside and Atrium. Alternatively, if you are celebrating at home, our gourmet deli offers take-away festive options such as honey glazed ham, roast beef, roast
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  • SINGAPORE NEWS
    • 496 9  -  The $62m facility will cater to SMEs providing services to biomedical industry By NISHA RAMCHANDANI nishar@sph.com.sg BIOMED One Tuas Biomedical Park, which will cater to small and medium enterprises (SMEs) providing services to the biomedical industry, has broken ground and
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    • 365 9  -  They are part of the latest 15 taken to task by MOM By tshining@sph.com.sg TEH SHI NING tshining@sph.com.sg EMPLOYMENT agencies especially have reason to be wary of infringing fair employment guidelines with the job advertisements they place. Of the latest batch of 15
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    • 361 9  -  By ANDREA SOH By sandrea@sph.com.sg THERE will be no hard landing or V-shaped recovery in China. Instead, the recovery in China will remain tepid, said Standard Chartered chief investment strategist Steve Brice yesterday. “If (the government) had wanted a V-shaped recovery, they can engineer
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    • SINGAPORE ROUNDUP
      • 86 9 THE International Valuation Standards Council has accepted the Institute of Valuers and Appraisers of Singapore (IVAS) as a member of the global organisation. IVAS is established under the umbrella of the Singapore Accountancy Commission to spearhead Singapore’s drive to become a centre of excellence
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      • 82 9 BLU Inc Media Hong Kong, a wholly owned subsidiary of SPH Magazines, has signed an agreement with PT Media Esquirindo International, a division of the Mugi Rekso Abadi Group (MRA), to license the publication of LP-Luxury Properties in Indonesia. This move marks
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    • 122 9  -  By ARTHUR LEE SUNTEC City is well known for its huge fountain but savvy travellers also know of a smaller ‘fountain’ in the area that helps them get a little more when changing foreign currency. Fountain Money Changer, originally on the ground floor of S untec
      PHOTO: ARTHUR LEE  -  122 words
    • 370 9 Bloomberg SINGAPORE’S home prices fell at a faster pace in October, dropping 1.2 per cent from the previous month as evidence builds that the government’s efforts to cool the property market are working. The Singapore Residential Price Index fell to 159.1
      Bloomberg  -  370 words
  • Page 9 Advertisements
    • 121 9 CELEBRATE WITH THE WORLIS fS m m r V 3s: X 31 H Xv > f i «r 4 NAMEWEE STO;E Malaysia KONSKI SPEED Germany RIVERMAYA j Philippines Records CHRIZ TONO mWW. I SINGAPORE I f :n t r XJ -A-’ r JHjUZ-B SINGAPORE iv// QUEEN INC. feat. SYLVESTER SIM
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  • MALAYSIA/INDONESIA
    • 471 10  -  This follows warning by cabinet minister of a 10-20% rate rise next year By S JAYASANKARAN in Kuala Lumpur SHARES of Malaysian national power firm Tenaga Nasional climbed over one per cent to RM9.91 apiece after a minister warned Malaysians yesterday to
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    • 472 10  -  MRT Corp to award 12 more tenders worth RM1.1b BY S JAYASANKARAN in Kuala Lumpur A STATE company charged with delivering Klang Valley’s first mass rapid transit system said on Tuesday that the first phase of the project was almost
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    • 344 10 Reuters [JAKARTA] Indonesian coal and property firms could find obtaining loans increasingly difficult next year as banks tighten their lending due to higher interest rates, slowing economic growth and a weakening rupiah, industry officials said. The rupiah has fallen nearly
      Reuters  -  344 words
  • Page 10 Advertisements
    • 389 10 A f I 1 Toll free 1800-289-8822 I I I m 1 Email notices@sph.com.sg M B B j B j il www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 YUDENG EXPRESSWAY PTE. LTD. (COMPANY REGISTRATION NO.: *****9772C) MEMBER’S VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company
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    • 350 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 YUEXI HIGHWAY PTE. LTD. (COMPANY REGISTRATION NO.: *****9767D) MEMBER’S VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to have been held at 8 Temasek Boulevard #38-01 Suntec Tower 3, Singapore *****8 on 22 November 2013, the following resolutions
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    • 350 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 YUSHAO EXPRESSWAY PTE. LTD. (COMPANY REGISTRATION NO.: *****9780M) MEMBER'S VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to have been held at 8 Temasek Boulevard #38-01 Suntec Tower 3, Singapore *****8 on 22 November 2013, the following resolutions
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    • 569 10 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ARCAPITA PTE LIMITED (IN PROVISIONAL LIQUIDATION) (“THE COMPANY”) (COMPANY REGISTRATION NO. *****4688E) Notice is hereby given that Mr. Yit Chee Wah of FTI Consulting (Singapore) Pte Ltd, 8 Shenton Way, level 12-02, AXA Tower, Singapore *****1
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    • 370 10 CAPITARETAIL SINGAPORE LIMITED (COMPANY REGISTRATION NO. *****8274C) (INCORPORATED IN THE REPUBLIC OF SINGAPORE) (THE “COMPANY”) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD AT 39 ROBINSON ROAD, #18-01 ROBINSON POINT, SINGAPORE *****1 ON THE 26TH DAY OF
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    • 484 10 In the matter of the Companies Act, Cap 50 And In the Matter of Spirox Corp Singapore Pte Ltd (In Members’ Voluntary Liquidation) (Registration No.: *****0528N) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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    • 398 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF GALAXY SHIPPING PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****5271C) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
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  • GREATER CHINA/INDIA
    • 550 11  -  Curbs on sectors such as accounting, logistics, childcare facilities to be eased By SC YEUNG EJ Insight [HONG KONG] China plans to ease the entry barriers for foreign investors in some sectors. Foreign investors have poured huge amounts of money into China
      EJ Insight  -  550 words
    • 181 11 Bloomberg [NEW DELHI] Tata Sons, which runs more than 1,000 companies that make anything from cars to chemicals and salt, withdrew an application for a banking licence in India, saying that its current financial services business best suits its needs. The Reserve Bank of India
      Bloomberg  -  181 words
    • 745 11 Pending approvals cited for delays in mine development Bloomberg [NEW DELHI] India will halt a US$20 billion plan by Tata group and Jindal Steel Power Ltd to turn coal into crude oil after scrapping rights to two mining blocks allotted to the companies, two
      Bloomberg  -  745 words
    • 395 11 AFP [SHANGHAI] China’s new free-trade zone (FTZ) has drawn just 38 overseas firms in its first two months of operations, officials said yesterday, as foreign companies await concrete policies and deeper reforms. Authorities set up the FTZ in the commercial city
      AFP; PHOTO: AP  -  395 words
  • Page 11 Advertisements
    • 515 11 mma notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices SOUND GLOBAL LTD. (Incorporated in Singapore on 7 November 2005) (Company Registration No. *****5422C) (Singapore Stock Code: E6E) (Hong Kong Stock Code: *****) NOTICE OF EXTRAORDINARY GENERAL MEETING For identification purpose only NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting
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    • 127 11 Industrial Government Land Sales: Land Parcels at Tuas South Street and Woodlands Industrial Park Site Information Tuas South Location Land Area Tenure GPR Zoning Project Completion Period Street Tuas South Street 11 (Plots 33 and 37) Tuas South Street 13 (Plot 36) 7,432.1 sqm (Plot 33) 7,431.7 sqm (Plot 36)
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  • WORLD
    • 566 12 It aims to more than double rice exports, says opportunities in sector are promising Bloomberg [BANGKOK] Myanmar plans to more than double rice shipments as the country that used to be the largest exporter embraces trade and opens its economy, challenging Thailand,
      Bloomberg  -  566 words
    • 533 12 They are sitting on US$1t cash from earnings, refinancing Bloomberg [LONDON] Companies in Europe have amassed almost US$1 trillion through earnings, bond sales and by refinancing credit lines, foreshadowing a potential surge in acquisitions and investment. Glencore Xstrata, Siemens and Daimler are among
      Bloomberg; PHOTO: REUTERS  -  533 words
    • 570 12 Reuters [BANGKOK] Thai factory output shrank more than expected in October, adding to a string of weak data that prompted the central bank to unexpectedly cut interest rates to support the economy as mounting political tension dents confidence. The Industry Ministry now expects output
      Reuters; PHOTO: AP  -  570 words
    • 353 12 AFP [TOKYO] Asia’s surging energy use means it has leverage to demand cheaper prices and holds the balance of power in the global market, the head of the International Energy Agency (IEA) said yesterday. Executive director Maria van der Hoeven
      AFP  -  353 words
    • 220 12 AFP [WASHINGTON] Penalties in international corruption cases are rarely paid to the country where the crimes took place, according to the World Bank and the United Nations. A report found that most corruption cases occur in developing countries, but enforcement largely
      AFP  -  220 words
    • 951 13 Under the scheme that runs till 2015, 117tyen is available for tax-free transfer Bloomberg [TOKYO] Shoko Iwasaki looked for years for a taxfree way to pass down a lifetime of savings to her grandson. Prime Minister Shinzo Abe has offered the 71-year-old
      Bloomberg; PHOTO: BLOOMBERG  -  951 words
  • Page 12 Advertisements
    • 1346 12 WAR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AMOY FINANCIAL CENTRE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****3675W) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting
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  • Page 13 Advertisements
    • 4556 13 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices EZRA HOLDINGS LIMITED Co. Reg. No. *****1411N (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ezra Holdings Limited (the “Company”) will be held at Klapsons, The Boutique Hotel -eighteen.1
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  • AVIATION/SHIPPING
    • 691 14 There are no treaties to define the size or rules of air defence identification zones NYT [NEW YORK] China’s proclamation of a new “air defence identification zone”, an obscure aviation term that became the catalyst for escalating military tensions with Japan and the
      NYT; PHOTO: AP FILE PHOTO  -  691 words
    • 731 14 Checklist spans jet paint to melding frequent-flier plans WP [DALLAS] As AMR Corp’s American Airlines nears the end of two years in bankruptcy after winning approval to merge with US Airways Group Inc, the equally arduous chore of creating the world’s biggest
      WP  -  731 words
    • 377 14 Reuters [WASHINGTON] The Navy said on Wednesday that it has suspended a maritime services company from doing business with the US government due to questionable conduct, the second firm barred in a widening corruption probe that has resulted in action against seven
      Reuters  -  377 words
    • 246 14 SGX '000 Nov 28 S$ +/-Vol Ch Offshore 0.44 0.02 168 Chuan Hup Hldg 0.27 unch 96 Cosco Corp 0.73 unch 1117 Cwt Limited 1.27 -0.02 341 First Ship Lea unch unch 0 Grand Banks 0.23 unch 89 Jaya Hold Ltd 0.68 0.01 438 K1Ventures 0.20 unch 480
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  • 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 TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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    • 106 14 HPfi ooyaoooai 0 FI J Ifil afl+A a igi 1 1 C— 2¥sr IMS 1 <8? Hotel Solutions, Food Beverage and Travel Trade Show I 7 19 February 2014 Myanmar Convention Centre,Yangon www.mhft.sphereconferences.com ■I J v iif A 4l IN--C LAST CALL TO EXHIBIT! L The most comprehensive showcase of
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    • 29 14 BUY, SELL OR RENT. st :ars At STCars.sg, your ideal car isn't hard to find. Browse over 25,000 listings of new, used rental cars, commercial vehicles. f STCars.SG STCARS
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  • Page 15 Advertisements
    • 183 15 Read On. Move On. Get news on the move with The Straits Times All-in-One PLUS EXCLUSIVELY FOR NEW SUBSCRIBERS Your Straits Times All-in-One PLUS includes the Microsoft Surface RT In addition to reading your Print edition, you can access The Straits Times on your favourite iPad, iPhone and Android mobile
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  • COUNTRY FOCUS: KAZAKHSTAN
    • 1059 16  -  In the past year or so, companies from Singapore have clinched deals and signed MOUs for various projects in Kazakhstan. Reports by Vincent wee Reports byVINCENT VINCENT WEE KAZAKHSTAN’S President Nursultan Nazarbayev has identified key areas the country needs to develop
      1,059 words
    • 462 16 MAJOR cities in Kazakhstan are preparing to celebrate the First President’s Day this weekend. This relatively new public holiday was first observed on Dec 1 last year to mark the anniversary of Kazakhstan President Nursultan Nazarbayev’s taking office in 1991, the year
      462 words
    • 797 17  -  International consultancy firm Jurong Consultants is among the pioneering Singapore companies to have made a foray into Kazakhstan.VINCENT WEEspeaks to its vice-president for oil and gas, Tan Wooi Leong, about breaking into this new area VINCENT WEE Q: GIVE us a brief summary
      797 words
    • 616 17 THIS year marks the 10th anniversary of the convening of the first Congress of Leaders of World and Traditional Religions. The congress in Astana is a global platform for dialogue, and has successfully passed the test of time, said Kazakhstan President Nursultan Nazarbayev in
      616 words
  • Page 16 Advertisements
    • 87 16 THE FUTURE OF THE WORLD IS IN OUR HANDS EXPO 2017 Future Energy Astana Kazakhstan Our responses to the widespread energy crisis today will define the legacy left for future generations. Through concerted action, we can take positive steps to relook at energy consumption and create new ideas to overcome
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  • Page 17 Advertisements

  • EDITORIAL & OPINION
    • 467 18 EDITORIAL IT is heartening that electricity rates here, both for homes and industries, have eased by some 10 per cent according to industry estimates, thanks largely to the intense competition among gencos, all under different owners, including foreign ones. Increased power supplies, including recently
      467 words
    • 748 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT'S only a few years since China was widely regarded as an unstoppable economic colossus. For three decades, its economy grew about 10 per cent annually; China seemed to be gliding through the global economic
      The Washington Post Writers Group  -  748 words
    • 952 18  -  S’pore can come up with ideas for intermediating regional savings into investment in Asia ANTHONY ROWLEY Tokyo Correspondent BACK in 1987 when I authored a book on Asian stock markets things looked different from what they do today. Tokyo’s market was well
      PHOTO: BLOOMBERG  -  952 words
    • 1264 19  -  Brands must cater to him or her via creative strategies By MICHIEL VAN SELM The writer is director, customer growth practice, PwC Southeast Asia Consulting WITH the continued growth of Asia’s developing economies, an unprecedented proportion of the region’s population is moving up the
      PHOTO: AFP  -  1,264 words
    • 887 19  -  REUTERS BREAKINGVIEWS By EDWARD HADAS THE developers of bitcoin are trying to show that money can be successfully privatised. They will fail, because money that is not issued by governments is always doomed to failure. Money is inevitably a tool of the state.
      PHOTO: REUTERS  -  887 words


  • PROPERTY
    • 912 20  -  As daylight fills its new atrium, Queens Museum feels like an extension of the nearby park itself, says DAVID W DUNLAP DAVID W DUNLAP NYT [NEW YORK] Chances seemed pretty dim nine years ago that the plan to reconstruct and expand the Queens Museum of
      NYT; PHOTO: DAVID W DUNLAP/THE NEW YORK TIMES  -  912 words
    • 415 20 Surge in prices a sign of unhealthy situation, he says Bloomberg [HONG KONG] Li Ka-shing, Asia’s richest man, said his companies have slowed land purchases in Hong Kong and China as prices have escalated to a high level. “Land prices in Hong Kong
      Bloomberg  -  415 words
    • 1200 22  -  Even small cities are pushing to get one of the coveted licences to spur local economies, reportNATHAN NATHAN LAYNE JUNKO FUJITA Reuters [OTARU/SASEBO] GEING and shrinking, Japan’s country towns want to gamble away their economic and demographic woes. With lawmakers planning to submit legislation
      Reuters; PHOTO: REUTERS  -  1,200 words
  • Page 20 Advertisements
    • 515 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE OCEAN DRIVE Seafront living Bunglw. A&A 2012 Worth $5.6m 2sty+ basement, 5 bdrm+ dining+ 2 maid rms gym, pool. Land 9580/ *****sf. Ronald *****055 D04 HOUSE FOR SALE SENTOSA Bunglw 3½ Storey 8159 sqft,6+1 ensuite, 2 living, Pool,
      515 words
    • 131 20 D19 HOUSE FOR SALE CHARLTON 27 Freehold Terr with lap pool fr $6XXpsf! Mins Kovan MRT. View: Charlton Road. Call Yap BS 9760 7757 D19 HOUSE FOR SALE ROSYTH ROAD Prestigous 3sty corner terr, pte pool home lift. Land 2322/ built 4705sf, North South orientation, quality branded finishing. Andrew 8288
      131 words

  • Page 21 Advertisements
    • 307 21 D20 HOUSE FOR SALE BUNGALOW FH Jln Sappan 4004/4800sf. 2.5sty. Renovated. City fringe. Face NS. 6 bdrms Maid’s Facility. High ceiling. Park 3+1 cars. Valerie 9763 8887 D20 HOUSE FOR SALE JALAN MINGGU Priced to Sell! Freehold 3½-Storey Jalan Minggu Terrace. Land 920 sqft. 4 rms. Built-in 1726 sqft. Amenities.
      307 words
    • 192 21 D02 APARTMENT FOR SALE CLERMONT RESIDENCE S’pore’s Tallest Building! Heart of CBD. Direct Access to Tg Pagar MRT! Panoramic Skyline View. Registering interest now. Jimmy B. *****222 DTZ D02 APARTMENT FOR SALE CLERMONT RESIDENCE Tallest residential devet in S’pore, integrated with retail+commercial+hotel and Tanjong Pagar MRT at basement. Price fr
      192 words
    • 325 21 D05 APARTMENT FOR SALE BOTANNIA Rarely available! Penthouse 2637 sqft. 4 bdrms. Spectacular view. Renovated with roof terrace. Selling below value! Don’t miss! Call now! D05 APARTMENT FOR SALE REGENT PARK 2-bedroom, Pool view, 810 sqft. Mins to MRT, Next to Nan Hua Pri. Sch. $900k. Jabez 9673 8262 D07
      325 words
    • 186 21 D09 APARTMENT FOR SALE SKYLINE 360 St Thomas Walk. FH, 5bdrm penthouse, 3929sf. Above #30. Breathtaking view. Pte pool lift. TOP obtained. Somerset MRT, $9.33M. 8606 9171 Ngo D10 APARTMENT FOR SALE CASA JERVOIS Designer 2bdrm 1227sf Immaculate/Exquisite reno Showrm cond. Spacious. Quality European fittings. GCB enclave. FH. $1.9xM! Willi
      186 words
    • 192 21 D10 APARTMENT FOR SALE THETRIZON Trizon, Best unit! (4 bedroom) Freehold. Full facilities. Movein immed. Great investment. $17xx psf up. 9336 9247 Lawrence Chua CBRE D11 21 APARTMENT FOR SALE LINCOLN RESIDENCES Brand New units 3-bdrm, 1884 sqft, $3.21M 4-bdrm 1841 sqft, fr $3.3xM/ Penthouse 2497 sqft $4.2xM. 1km ACS/SJI
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  • Page 22 Advertisements
    • 507 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D15 APARTMENT FOR SALE ARISTO Full seaview High flr. Less than $17xx psf! View by appt. Exclusive listing! Geri 8666 9968 D17 APARTMENT FOR SALE BLUWATERS Bluwaters. Freehold, 3+1 rooms, 1130 sqft, resort living, 10 minutes to beach/ amenities/ Changi Airport/ Expo.
      507 words
    • 113 22 D20 HOUSE FOR RENT BRIGHTHILL CRESCENT Detached house. 5400 sqft 2½-storey 6-ensuite, pool. Thomson Plaza. Shawn 9634 3043 D04 APARTMENT FOR RENT THE INTERLACE Interlace. 4+1 bedrooms. High floor. Sea City view. Partial furnished. North South facing. $11K. Jack Wong 9877 3773 D04 APARTMENT FOR RENT THE INTERLACE New list!
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  • Page 23 Advertisements
    • 295 23 D09 APARTMENT FOR RENT CENTENNIA SUITES 3 bdrms. Near amenities/ Great World City. Dont miss! 9336 9247 Lawrence Chua D09 APARTMENT FOR RENT HORIZON TOWER Private lift. High flr, Good view, Large 4-bdrm. New Upgraded. Greenery. Near Taka/ Great world City MRT. Good landscape. neg. Gary 9113 4893 D09 APARTMENT
      295 words
    • 240 23 D19 APARTMENT FOR RENT KOVAN RESIDENCES Kovan Residences. Ground floor lovers. 3 bedrm, 1647 sqft. MRT doorstep. Opposite Heartland Mall. Rental $6K. Call Julia Low 9456 1332 PN D20 APARTMENT FOR RENT FABER GARDENS 3+1 rm. Faber Gardens 1873 sqft, High flr, Windy, Spacious, p/furn, $4500, Rebecca 9766 6977 ERA
      240 words
    • 180 23 D14 FACTORY FOR SALE OXLEY BIZHUB Oxley BizHub. Good location, near MRT/ amenities. Multiple units, for sale and rent. Call now! Francis 9825 6808 D14 WAREHOUSE FOR SALE OXLEY BIZHUB WAREHOUSE For Sale Rent. Corner. Full glass. 936 sqft. High ceiling. 60 years. Facilities. 9383 0096 Lina D20 OFFICE FOR
      180 words
    • 338 23 D04 FACTORY FOR RENT 219 HENDERSON ROAD 219 Henderson Road. 2500/ 5000 sqft. Central and Prime Location. Good layout. Immediate. Call Adeline Tan 9671 2121 D05 OFFICE FOR RENT THE GALEN Science Park 1. Fully fitted office for takeover. Suitable for R&D Technology. 162.78 sqm. Lease expire 31-8-2015 Call Gary
      338 words
    • 236 23 D12 OFFICE FOR RENT LUZERNE BUILDING 3 mins walk to MRT. 5 mins drive to town. 8600 sf. Renovated state. Ample carparks. Many amenities nearby. Call 9818 1633 D12 WAREHOUSE FOR RENT CT HUB KALLANG Brand new office. Good corporate image. Walking distance to Lavender MRT. Dual key unit +attached
      236 words

  • 2381 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    2,381 words
  • Page 24 Advertisements
    • 43 24 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times
      43 words
    • 18 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words

  • Page 25 Advertisements
    • 154 25 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times I FREIGHT FORWARDER urgently needed by shippers Can they find
      154 words

  • SINGAPORE STOCKS
    • 3209 26 Transaction date: Nov 28 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 Last Sale Vol Day Last Quote 11.5 7 AEM --AAT C'vr 188 106 AIMSAMPIReit 150.5 +1.5 174 150.5 148
      3,209 words
    • 250 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 37 17.3 t 3Cnergy 500 Vol Day 2.4 1.1 t Advanced System 1.2 unch 1240 1.2 1.2 1.2 1.3 19.1 Div Gr Yld Net
      250 words
    • 11261 27 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 9154/ China Opportunities! 2 8853/ FM local Cry Bond .0 8981/ European Opportunities!" 1 2815/
      11,261 words
    • 262 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 30 AVJennings A60 +1 15 60 59 59 63.5 3.6 5.8 4.9 222.1 52 31.5 Genting HK US$ US42 +1.5 5462 42 40.5 41.5 42 2765.5
      262 words
    • 882 27 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 127.9 129.5 130.4 114.4 99.2 CIMB APAC Div 100US$ US103.7 103.2 103.8 10.9 1510 1192 CIMBASEAN40 100S$D 1296 1289
      882 words


  • FINANCE & COMMODITIES
    • 746 28 Nov 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.19 *****.09 *****.73 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****2 Mar14 *****.00 *****.00 *****.00 *****.00 313 7202 MSCI TAIWAN INDEX FUTURES SPOT 293.36 295.39 293.36 Nov13 293.20 295.60 293.20 294.64 ***** ***** Dec13 292.80
      746 words
    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr Nov 27 Index Change Change Change Change Change Change World Preliminary 1160.5 0.2 23.7 0.3 24.7 0.2 21.4 EAFE Preliminary 940.8 0.2 21.5 0.3 20.2 0.1 17.0 Europe Preliminary 1340.3 0.4 16.8
      373 words
    • 471 28 Nov 28 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 5.559 0.672 7.074 57.065 109.420 0.932 9.684 2.948 1.119 98.722 39.908 1.145 9.331 0.828 27.044 29.343 0.559 0.912 Canada 1.035 5.755
      471 words
    • 38 28 Nov 28 (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
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    • 86 28 Nov 28 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 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.8 5-Year N*****0T 0.5 01-Apr-18 99.58 99.65 99.65 10-Year NX*****H
      86 words
    • 137 28 Nov 28 GOLD(US$/oz) Nov 28 Nov 27 Hong Kong 1248.00 1255 Nov 27 Nov 26 London 1242.56 1243.66 1243.33 1244.43 Source: Thomson Reuters CAST BAR Nov 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 113 50 5gm 320 250 10gm 572 500
      137 words
    • 57 28 Nov 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2600.0 2620.0 2630.0 2591.0 184 2287 Jan 14 2631.0 2655.0 2662.0 2627.0 2164 ***** Feb 14 2630.0 2656.0 2666.0 2626.0 ***** ***** Mar 14 2632.0 2658.0
      57 words
    • 158 28 Nov 28 US$ Nov 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1447 1.1454 0.9122 0.9126 Canadian dollar 1.1850 1.1858 0.9448 0.9443 Euro 1.7048 1.7053 1.3585 1.3587 NZ dollar 1.0232 1.0242 0.8154 0.8160 Sterling pound 2.0480
      158 words
    • 109 28 Nov 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1320.00 1329.25 1341.00 1316.00 Mar 14 1306.25 1312.00 1322.00 1303.50 May 14 1290.00 1292.75 1301.25 1286.25 Jul 14 1282.25 1284.75 1292.75 1278.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
      109 words
    • 95 28 Nov 27 COCOA (£/tonne) Close Prev High Low Dec 13 1726 1742 1750 1720 Mar 14 1736 1751 1758 1729 May 14 1731 1745 1750 1725 Jul 14 1724 1739 1744 1718 COFFEE(US$/tonne) Close Prev High Low Nov 13 1601 1581 1619 1613 Jan 14 1614 1603 1628 1603
      95 words
    • 1232 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Price Albedo Limited W*****9 3.8 unch 724 Ascendas Reit MB ECW*****3 2.9 0.2 240 4 Asiatic Grp(Hldgs) Ltd W*****5 2.2 0.0 2 22
      1,232 words
    • 70 28 CRUDE OIL PRODUCTS Nov 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.82 -0.47 WTI (Near Mth) 92.31 -1.52 Dubai (1-Mth F) 107.55 0.11 Tapis blend 117.14 0.02 Minas 111.34 0.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.94 0.16 Jet Kerosene 126.46 0.59 US$/barrel OpecOil Basket
      70 words
    • 22 28 Nov 28 S$ Bid Offer 1-month 1.2549 1.2551 2-months 1.2548 1.2550 3-months 1.2548 1.2550 6-months 1.2544 1.2547 Source: OCBC
      22 words
    • 66 28 Nov-27 Nov-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1709.75 1726.75 3 months 1757.00 1773.00 Copper, Grade A(US$/tonne) Cash 7011.25 7061.25 3 months 7020.00 7065.00 Lead(US$/tonne) Cash 2050.75 2072.50 3 months 2075.50 2096.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      66 words
    • 121 28 As at 9am Nov 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.171 1.116 Can dollar 1.207 1.161 Euro 1.743 1.660 Sterling pound 2.082 2.002 NZ dollar 1.047 1.007 US dollar 1.281 1.220 Local dollars to 100 units of foreign
      121 words
    • 157 28 Nov 28 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.20 0.10 1 month 0.28 0.18 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

  • executive lifestyle
    • 1746 29  -  Industry veterans see Ilo Ilo’s historic Golden Horse wins rippling through Singapore cinema, writes DYLAN TAN dylantan@sph.com.sg ANEW chapter was written into the history of Singapore cinema when Anthony Chen bagged the Best Film prize at the Golden Horse Awards last Sunday with his debut
      PHOTO: AFP; FILE PHOTOS  -  1,746 words
  • Page 29 Advertisements

  • CINEMA
    • 483 30  -  By GEOFFREY EU THE unlikely-named Lamb Mannerheim (Julianne Hough) is the pride of her parents and her small-town parish, until she loses her religious faith after surviving a fiery plane crash that leaves her body badly burned. The pretty blonde has become
      PHOTO: AP  -  483 words
    • 503 30  -  By DYLAN TAN dylantan@sph.com.sg WITHOUT looking at the credits, one might think this extremely violent remake of Oldboy could have come from the sick minds of Quentin Tarantino or Eli Roth. It almost tries to outdo the original 2003 film by Korean auteur Park
      PHOTO: AP  -  503 words
    • 739 30  -  Cancer survivor and filmmaker Edgar Tang tracks down a man cured of HIV by a fluke, writesRACHEL RACHEL LOI rachloi@sph.com.sg IT was in the middle of last year, when cancer survivor Edgar Tang first heard about The Berlin Patient. The 38-year-old was driving home one
      PHOTOS: BERLIN FILMS  -  739 words
    • 489 30  -  By DYLAN TAN dylantan@sph.com.sg UNLIKE a Disney princess, there was no happily-ever-after for Diana, the late Princess of Wales whose life ended in tragedy just when she was beginning to pick up the pieces. That heartbreaking story is retold in the biopic directed by German
      PHOTOS: AP  -  489 words

  • ARTS
    • 916 31  -  Indonesian contemporary artist Jim Allen Abel essays the late tycoon Oei Tiong Ham in a series of artworks inspired while he was incarcerated, writes CHEAH UI-HOON writesCHEAH writesCHEAH UI-HOON very rewarding uihoon@sph.com.sg HE was known as the sugar king of Java, but in Singapore, the
      PHOTOS: ART SPACE  -  916 words
    • 532 31  -  By RACHEL LOI By rachloi@sph.com.sg WHEN American composer David Ward-Steinman passed through Singapore over 30 years ago, it was just a quick stopover enroute to Indonesia. Yet those few days spent here left such a big impression on him, that even though he hasn’t been
      PHOTOS: ESPLANADE  -  532 words
    • 406 31  -  By RACHEL LOI rachloi@sph.com.sg THE meaning of life, the universe and everything is an ongoing quest, which for most people remains a lofty thought. But for U-Theatre’s artistic director Liu Ruo-Yu, it has resulted in a tangible piece of work Meeting with Bodhisattva (literally meaning
      PHOTOS: U-THEATRE  -  406 words
    • 451 31  -  By RACHEL LOI rachloi@sph.com.sg FOR a veteran jazz pianist like Jeremy Monteiro, collaborations with overseas musicians are nothing new. Nonetheless, he treats each one like it were his first because every joint project is a valuable opportunity to breed “creative thinking and interesting new music”. This time,
      451 words
    • 907 32  -  The new exhibition by the legendary art collective features several works by its young blood. But they are nowhere near as hard-hitting as those of its original members, says HELMI YUSOF HELMI YUSOF AT the centre of Jeremy Hiah’s playful painting hangs a mechanical
      PHOTOS: URICH LAU, JASON LEE  -  907 words
    • 469 32  -  By helmi@sph.com.sg HELMI YUSOF he|mi@sph.com.sg ON a simple stage with just a few pieces of furniture, a powerful story of infidelity unfolds. A man and a woman wake up in bed. He, a model husband, serves her breakfast. She, a beautiful wife, smiles gratefully. But
      469 words
    • 671 32  -  By HELMI YUSOF helmi@sph.com.sg ACTOR Lim Kay Siu remembers the 1987 Marxist Conspiracy arrests all too well. Having newly stepped into the world of theatre back then, he reacted with disbelief when five theatre practitioners from theatre company Third Stage were rounded up
      PHOTOS: TAN NGIAP HENG AND RYAN LOI  -  671 words
    • 374 32  -  By HELMI YUSOF By helmi@sph.com.sg BY now, going to the Wild Rice’s year-end pantomime has become an annual ritual not just among theatre lovers but also many families. Typically, Wild Rice takes a well-loved fairy tale and rewrites it with a local setting, politically
      374 words


  • WINE
    • Around Town
      • Article, Illustration
        260 33 The Nutcracker: Celebrate Christmas early this year with the Singapore Dance Theatre’s production of The Nutcracker, based on the famous story by ETA Hoffman, at the Esplanade Theatre next week. This ballet follows the story of Clara after she receives a gift a German nutcracker doll. She then journeys
        PHOTO: ESPLANADE  -  260 words
      • Article, Illustration
        156 33 11th International Guitar Festival: if guitar music is your cup of tea, then you might want to check out the line-up for this year’s 11th International Guitar Festival, where some of the world’s most renowned guitarists will be playing at the auditorium of the RELC International Hotel here in
        156 words
      • Article, Illustration
        279 33  -  Compiled by RACHEL LOI IFA’s Singapore Fete: Immerse yourself in a little culture this weekend at the India Foundation for the Arts (IFA) Singapore Fete which will showcase films, presentations and performances at The Arts House. View documentary screenings from five documentary filmmakers, Nishtha Jain, Shabani Hassanwalia, Samreen Farooqui,
        279 words
    • 1109 33  -  Taste, bouquet and provenance excite us in varied ways, writes NK YONG WHY do we like the wines that we do? Simple. They are enjoyable to drink, with or without food. What makes them enjoyable is the real question. “What makes them lovely to drink at
      PHOTO: BLOOMBERG  -  1,109 words
    • 469 33  -  By debyong@sph.com.sg DEBBIE YONG debyong@sph.com.sg TO recognise the growing importance of wines to its readers, luxury magazine The Peak Selections: Gourmet and Travel unveiled its annual G Top 100 Wine list in a glitzy award ceremony held last night. The magazine has been crowning top wines
      PHOTOS: THE PEAK SELECTIONS: GOURMET AND TRAVEL  -  469 words
  • Page 33 Miscellaneous
    • 350 33 CRYPTIC CROSSWORD Across 1 See leader’s husband introduced to chap Boris sacked (10) 6 Jazz fan follows singular singing style (4) 9 In an impasse, like followers of Rastafarianism without its leader (10) 10 Kiss Gregory? (4) 12 I was first to go round food store (4) 13 Make a
      350 words

  • Page 34 Advertisements
    • 399 34 ifvl’ v-r f?V v VX'' x i:' K Performance Motors Limited (l V-^ X j zs**k~- V‘ r T —> t f* XvX- V j ‘S-tT X\. Sheer Driving Pleasure pml-bmw.com. sg P X > 1 X5* 5X -A i V*.' Kl; r 1 X Wmm ■\m if h BMW
      399 words

  • Enterprise 50
    • 499 1  -  Felda Chay feldac@sph.com.sg LABOUR crunch. High business costs. Space constraints. These are probably the most well-known and pressing challenges that small and medium-sized enterprises (SMEs) in Singapore have been grappling with. But overcoming obstacles is often second nature to businessmen, as this year’s winners of the
      499 words
    • 1094 2  -  Soon Li Heng proves that success can be built on fundamental values, innovation and strategic planning. CHAYreports FELDA CHAY feldac@sph.com.sg THE story of Soon Li Heng Civil Engineering dates back to 1975 when four brothers, who were between 14 and 21 years old, saw an opportunity
      PHOTO: CHONG JUN LIANG/SPH SPECIAL PROJECTS UNIT  -  1,094 words
    • 1536 4  -  Boutique property developer Teambuild Land did not let the 2008 financial crisis get in its way of aggressive expansion, writesTEH TEH SHI NING tshining@sph.com.sg TEAMBUILD Land was set up just months before the worst of the global financial crisis of 2008 hit, but that
      PHOTO: ARTHUR LEE  -  1,536 words
    • 1068 6  -  Borden’s revenue and profit are set to reach a historical high even as it makes inroads into new regional markets, reportsJOYCE JOYCE HOOI joyceh@sph.com.sg THERE appears to be very little standing in the way of the juggernaut that is Borden Company, of medicated oil fame.
      1,068 words
    • 1140 8  -  When a company embarks on an IPO, it faces many challenges which require rigorous planning and a lot of hard work to overcome, writes barry lee writesBARRY writesBARRY LEE The writer is audit partner at KPMG in Singapore TAKING a company public is an exciting
      FILE PHOTOS  -  1,140 words
    • 1244 10  -  Rather than expanding into new products, Wee Tiong will focus on finding new customers in sugar and rice. SOHreports ANDREA SOH sandrea@sph.com.sg AS a sugar and rice trader occupying the same space as trading behemoths Wilmar International and Olam International, Wee Tiong Pte Ltd
      PHOTO: ARTHUR LEE  -  1,244 words
    • 1269 12  -  But one challenge that could hinder DLE M&E’s expansion plans is a shortage of labour, reports felda chay reportsFELDA reportsFELDA CHAY WILLIAM Goh was 25 years old when he felt he was ready to lead his own business and set up mechanical and engineering
      PHOTO: NURIA LING/SPH SPECIAL PROJECTS UNIT  -  1,269 words
    • 1083 14  -  Star Controls Engineering has big growth plans in China, but it wants to diversify its country risk to other parts of Asia.VIVIEN SHIAOreports SHIAOreports Asia.VIVIEN SHIAOreports vshiao@sph.com.sg STAR Controls Engineering started off as a humble supplier of equipment in 1996. Since then, the Shanghai-based
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    • 1003 16  -  Jay Gee Enterprises is working hard to maintain brand awareness and drive sales despite a difficult market, reportsNISHA NISHA RAMCHANDANI nishar@sph.com.sg JAY Gee Enterprises may be an old hand at the fashion and retail business, but it is always shopping around for new ways to
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    • 945 16 Innovation and willingness to venture beyond one’s industry can open doors to new markets IF you are wondering what hard disk drives have in common with the food and beverage (F&B) sector, precision cleaning solutions provider JCS-Echi-go has a compelling story to tell. JCS began in
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    • 1954 18 EVEN in in an environment beset with challenges, Singapore’s small and medium-sized enterprises (SMEs) continue to display their resilience and flexibility in adapting to new market realities while still continuing to seek out and pursue growth opportunities in markets outside Singapore. Here, two successful homegrown
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    • 1074 20  -  Excel Precast banks on reliability to beat undercutting competitors and win back clients, reportsCAI CAI HAOXIANG haoxiang@sph.com.sg LURED by a construction boom in Singapore, a number of new players have entered the precast concrete industry and are undercutting the prices of existing players. Excel Precast is staying
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    • 1038 20  -  Seiko Architectural Wall Systems’ focus on more challenging building projects is paying off By CHEN HUIFEN xuifen@sph.com.sg WHEN Le Nouvel Ardmore, a luxury residential project near Anderson Road, is fully occupied, onlookers may notice that its exterior facade changes in a dynamic manner –depending
      PHOTO: ARTHUR LEE  -  1,038 words
    • 1397 22  -  The chairman and the CEO of Falcon Incorporation offer their pieces of advice for those striking out on their own. LIMreports KENNETH LIM kenlim@sph.com.sg IT takes quite a leap of faith for a young falcon chick to leave its nest and take flight for the first
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    • 1663 22 Good Year Seafood Village and Million Lighting have transformed their business with IDA’s iSPRINT scheme IN the face of rising business costs, small and medium-sized enterprises (SMEs) are increasingly turning to technology to boost productivity and give themselves a competitive edge. According to
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    • 977 23  -  Any company that is planning to expand its franchise overseas needs to answer some key questions before making the move, writes clarence nah writesCLARENCE writesCLARENCE NAH RIGHT now there are 16,000 different franchises and more than 1.5 million franchisee companies operating globally. When you add them
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  • Page 1 Advertisements
    • 364 1 CONTENTS Laying a solid foundation PAGE 2 Notching up a banner year PAGE 6 Going from private to public PAGE 8 Growing in a calculated fashion PAGE 16 Building concrete relationships PAGE 20 VICTOR ENTERPRISES PTE LTD ENTERPRISE v5D Celebrating Singapore's Enterprising Spirit 2013 "TFr Mobil SB.- to' Oil 254
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    • 186 2 ENTERPRISE ENTERPRISE Enterprising Spirit < s r A T -at* _> .V? ••‘if? TO i i 1 1 V IJjlK a •3 Jjt' 6, -»*v i 1 /in We Build To Inspire Seiko Architectural is the proud recipient of the Prestigious Enterprise 50 Award SEIKO Architectural Wall Systems Pte Ltd
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    • 334 3 OCBC Bank WORLD’S STRONGEST BANK 2011 *2012 *2013 (2nd) Ranked by Bloomberg Markets 50 REASONS WHY WE ARE PROUD TO BE PART OF THE ENTERPRISE 50 AWARDS. Soon Li Heng Civil Engineering Pte Ltd Teambuild Land Pte Ltd Borden Company (Pte) Ltd Wee Tiong (S) Pte Ltd DLE M&E Pte
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    • 276 4 BUNKERS MARINE IS PROUD TO BE THE RECIPIENT OF THE PRESTIGIOUS ENTERPRISE 50 AWARD 2013 We are all pumped up to steer even further ahead! This award is a testament to our achievements, which we are tremendously proud of: Our core business is in worldwide bunker trading, including all aspects
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  • Page 5 Advertisements
    • 347 5 ENTERPRISE SOON LI HENG CIVIL ENGINEERING Celebrating Singapore’s Enterprising Winner of the 3013 Enterprise SO H wards r V I pSh K3 tMf VOLVO -1a V X V// i Meaiapolisf Media 'Compte: 4 m mm m ■x Pi HBK» IK PI St f xi.V Hr«c:Cl Pi -V a*. l f
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    • 317 6 Creating Value, Building Momentum Falcon ENTERPRISE 5E/ Celebrating Singapore's Enterprising Spirit 2013 li .--0- I .1 15 2011 2010 2012 2009 2013 In the eleven years that we have been in business, we have been unrelenting in growing our operations averaging an annual double digit growth year on year. It
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    • 272 7 ASIA ft» UV T(= d ■a -i 9 <5 RE <3 -3* r v *5 r ENTERPRSE TM Celebrating Singapore's Enterprising Spirit 2013 Leading with True Dedication Huationg Holdings Pte Ltd was founded in the 1980s and today encompasses several subsidiary companies, including Huationg (Asia) Pte Ltd, Huationg Inland Transport
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    • 169 8 ill issa *Si I between z fact, it is tc that keens us growing. of uncompromising J" u as hon ed SSSwTS andcemented our reliable reputation through the years. Winning this prestigious award for the 9th consecutive year has propelled us closer to our vision of becoming a one-stop ra
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  • Page 9 Advertisements
    • 250 9 YET ANOTHER COMMENDABLE ACHIEVEMENT Thank you once again to our most valued customers and business partners for your continuous support. We would also like to extend o big thonk you to our colleagues and stakeholders for your continuous contributions throughout the years, True to what we believe in, Teambuild Land
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    • 144 10 r K V cylinder Mbs ClassNK ENTERPRISE JL Celebrating Singapore's Enterprising Spirit 2013 GL Wlr f m ISO *****006 Cert No *****2 We build cylinders to meet all international surveyor classification rules More than 25 years of cylinder manufacturing experience. 0E Manufacturing is the biggest hydraulic cylinder maker in ASEAN
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  • Page 11 Advertisements
    • 164 11 1 Excel Precast Pte Ltd ENTERPRISE ENTERWSE Celebrating Singapore's Enterprising Spirit 2011 c PiucesstiU ENTREPRENEUR EXCELLENCE SINGAPORE Celebrating Singapore's Enterprising Spirit 2013 ONE MORE AWARD, ONE MORE GIANT STEP FORWARD... Excel Precast takes another giant step in the innovation of precast concrete to meet the demands of the building industry
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    • 207 12 P-One (S) Pte Ltd is honoured to be a winner of the prestigious Enterprise 50 Award We are a young but experienced and dynamic force who constantly strives to dig deep to ascertain our clients' needs, and provide them with the most innovative engineering solutions and quality service. We would
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    • 224 12 earth arts ENTERPRISE Celebrating Singapore's Enterprising Spirit 2013 Thank You The Management and STAFF OF EARTH ARTS WOULD LIKE TO TAKE THIS OPPORTUNITY TO EXPRESS OUR GRATITUDE TO OUR BUSINESS ASSOCIATES, SUPPLIERS AND FRIENDS WHOSE EFFORTS AND ASSISTANCE HAVE MADE THIS AWARD POSSIBLE. r- V, 1 it. FROM LEFT TO
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    • 176 13 CELEBRATING SINGAPORE'S ENTERPRISING SPIRIT SLP International is proud to be conferred the prestigious 2013 Enterprise 50 Awards. We would like to extend our thanks to our staff for their dedication commitment; our valued clients, partners, and business associates for the unwavering support confidence in us that has enabled us traverse
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  • Page 14 Advertisements
    • 200 14 POWERMAC® POWERPAC INTERNATIONAL PTE. LTD. Global manufacturer of road-making machineries, automobiles plants. We are honoured to be conferred the Enterprise 50 Award 2013. Sincere appreciation to all our dealers, partners and bankers for your continuous support. r:a*n 2k- I A* 1 v*. I vy. *1 ■t >•' r -M v
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    • 254 15 ENTERPRISE TM .11 e DLE M&E Pte. Ltd. is honoured to be conferred the prestigious Enterprise 50 award Celebrating Singapore’s Enterprising Formerly known os Double Lion Electrical Pte Ltd, we are a Mechanical and Electrical contracting firm for commercial, residential, industrial and healthcare projects. With over 30 years of experience,
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  • Page 17 Advertisements
    • 284 17 WONG FONG ENGINEERING WONG FONG ALL AROUND YOU B ,’VT -—4 :E: jw I I. I I I v. vv v vh; T i«2| ENTERPRISE TM WONG FONG ENGINEERING Keep a look out the next time you are on the road, and you will see many trucks around you bearing
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    • 144 18 CONGRATULATIONS TO BLPL SINGAPORE r. ON THE ACHIEVEMENT OF ENTERPRISE 50 AWARD BLPL -f zrt BLPL Singapore owns and operates a growing container fleet of ***** TEU's including temperature controlled containers and Special Equipments for carrying Odd Sized Cargo. BLPL operates two dedicated container vessel services from Singapore Port Klang
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    • 380 19 <v \> \\> o 9 POLLISUM ENGINEERING PTE LTD 'v A pollisUML. TEL 6755 7600 FAX: 6753 7656 s am POLLISUW i riJ.urg POLLISUM ENGINEERING PTE LTD 41 Senoko Way, Singapore *****3. T +65 6755 7600 F +65 6753 7656 E pollisum@singnet.com.sg W: www.pollisum.com One Stop Service Provider When you
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  • Page 21 Advertisements
    • 229 21 to all winners 1Soon Li Heng Civil Engineering Pte Ltd 2Teambuild Land Pte Ltd 3Borden Company (Pte) Ltd 4Wee Tiong (S) Pte Ltd 5DLE M&E Pte Ltd 6Star Controls Engineering Co Pte Ltd 7Jay Gee Enterprises (Pte) Ltd 8Excel Precast Pte Ltd 9Seiko Architectural Wall Systems Pte Ltd 10Falcon Incorporation
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  • Page 23 Advertisements
    • 100 23 OrangeTee ENTERPRISE v5D Celebrating Singapore's Enterprising Spirit 2013 We are honoured to receive the 2013 Enterprise 50 Award A special THANK YOU to our clients, associates and staff for their support and contribution towards our growth and success. We build upon our strengths and strive towards excellence so as to
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  • Page 24 Advertisements
    • 448 24 ZERO SPOT LAUNDRY SERVICE PTE LTD 39A, SENOKO WAY, SINGAPORE *****5 1:6852 1771 F: 6852 1770 www.zerospot.com 100% Care, 200% Recognition Zero Spot wins the Enterprise 50 Award for the second time It is more than pure chance that we are honoured with the Enterprise 50 Award for the second
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    • 220 25 The Business Times S$1.00 online at http://www.businesstimes.c0m.sg S|il A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNO*****2868E MCI (P) 085/08/2013 Friday, November 29, 2013 BMW Asia Sheer Driving Pleasure www.bmwasia.com ■i V ha •sJDl naai The all-new BMW 4 Series Coupe kttjj fekjji m EXPERIENCE PERFECT CONTROL RIGHT IN YOUR HANDS. There are
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    • 250 26 kt. ImTSS?; BMW Asia |5*- A iff* r ■.'JJ Sheer Driving Pleasure www.bmwasia.com •>. i k-i< iffivi/ I The new BMW 5 Series J *■->* r r > 119 J12 a ..a lit rC-*. V AM :v> USE ADVANCED TECHNOLOGY TO SEE WHAT OTHERS CANT. You’ll find countless Pleasure Points
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