The Business Times, 30 November 2013

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Microfilm: NL32875
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg NOVEMBER 30-DECEMBER 1, 2013 S$1.00| MICA (P) 086/08/2013 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon Japan may exit deflation soon
    38 1 ABENOMICS THE so called core-core inflation index in Japan rose in October compared to a year ago marking the first rise in five years and at the fastest pace in 15 years. 2
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  • Article
    Lock icon Business loans boosting growth
    34 1 BANK CREDIT BUSINESS loans continued to power Singapore’s bank lending growth in October, with total loans rising 1.4 per cent over the month from 1.1 per cent in September.| 3
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  • Article
    Lock icon A peek into what 2014 will bring
    32 1 BIG YEAR COMING BIG shocks, big shifts and big shows are lined up on the world’s calendar next year, The Economist’s executive editor predicts.| 4
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  • Article
    Lock icon Test for a weak economy
    27 1 THAI UNREST THERE are factors this time around that suggest the ongoing unrest in Thailand could exacerbate already softening business conditions.| 7
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  • Article
    Lock icon S’pore market sheds $12.6b in Nov
    25 1 STOCKS A LISTLESS month of trading in November saw the Singapore market lose around $12.6 billion of value. 13
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  • Article
    Lock icon Crowdfunding in S’pore catching on fast
    1598 1  -  Record amount of money raised by local campaigns this year; whether growth can be sustained remains to be seen By Jacquelyn Cheok jaccheok@sph.com.sg Singapore CROWDFUNDING in Singapore is growing fast, with millions raised by Singa-pore-based campaigns in the past eight months alone. But whether
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  • Article
    Lock icon Residents’ employment rate hits record 79% in 2013
    610 1  -  MOM report also shows stronger real income growth in 2013 By Chuang Peck Ming peckming@sph.com.sg Singapore ALMOST four in five Singaporeans and permanent residents are working this year, a new high, according to a report by the Ministry of Manpower. At the
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  • TOP STORIES
    • Article, Illustration
      Lock icon Japan exit from deflation getting clearer
      525 2  -  October core-core inflation posts first rise in 5 years, and at the fastest pace in 15 years By Anthony Rowley btworld@sph.com.sg Tokyo THE strongest indication yet that the Bank of Japan’s battle against deflation may be succeeding came yesterday with news that the so-called
      PHOTO: REUTERS  -  525 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,176.35 (-10.02) HSTI FUTURES 3,168.00 (-18.00) HSIMSCI 368.11 (-1.31) HSIMSCI FUTURES 368.20 (-1.70) Friday Change KL COMP 1,812.72 +5.12 NIKKEI 225 15,661.87 -65.25 HANG SENG 23,881.29 +92.20 SET 1,371.13 +11.68 JAKARTA 4,256.44 +22.51 MANILA 6,208.82 +38.86 KOSPI 2,044.87 -0.90 SHENZHEN B 881.09 +5.05 MUMBAI IND 20,791.93 +257.02 11am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.415 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.255 (US$/S$ per 1.633 2.049 EURO (US$/S$/€ 1.361 1.707 Foreign currency per US$ S$ YEN 102.30 81.50 RM 3.223 2.569 HK$ 7.753 6.180 BAHT 32.11 25.59 RUPIAH 11,977 9,546 RENMINBI 6.093 4.856 INDIAN RUPEE 62.52 49.83 A$ 1.099 0.876 NZ$ 1.232 0.982
        50 words
    • Article
      Lock icon Business loans remain key driver of bank lending growth
      713 3  -  October volume rises 2% to $332.1 b from September while total loans climb 1.4% to $554.3b; data is heartening, say economists By Kelly Tay kellytay@sph.com.sg Singapore BUSINESS loans continued to power Singapore’s bank lending growth in October, with total loans rising
      713 words
    • Article, Illustration
      Lock icon JTC launches four Business-2 sites for sale
      515 4  -  One is in Woodlands, the other three smaller plots are in Tuas By Mindy Tan tanmindy@sph.com.sg Singapore JTC Corporation yesterday launched four industrial sites zoned for Business-2 development, in Woodlands Industrial Park E9 and Tuas South, for sale by public tender. The plot
      Source: JTC Corporation  -  515 words
    • Article, Illustration
      Lock icon A peek at 2014 through Economist crystal ball
      764 4  -  More countries than before expected on its ‘Most Risky List’ By Malminderjit Singh msingh@sph.com.sg Singapore BIG shocks, big shifts and big shows are lined up on the world’s calendar next year, the executive editor of The Economist predicts. These three trends emerged
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    • Article
      Lock icon Wide-ranging wishes from PwC for Budget ’14
      635 6  -  Tweaks to Productivity and Innovation Credit scheme, structural tax changes sought By Kelly Tay kellytay@sph.com.sg Singapore FROM personal tax relief for home-office expenses to further tweaks to the Productivity and Innovation Credit (PIC) scheme the items on PricewaterhouseCoopers’ (PwC) annual wish list for
      635 words
    • Article, Illustration
      Lock icon S’pore most important friend of US in region: envoy
      650 6  -  FT A with S’pore bestperforming free trade accord signed by US By Malminderjit Singh msingh@sph.com.sg Singapore SINGAPORE is the most important friend the United States has in the region partly because of the relationship of trust it has built with Washington.
      PHOTO: CAROLINE CHIA/THE STRAITS TIMES  -  650 words
    • Article
      Lock icon ACRA seeks feedback on changes to auditor independence code
      438 7  -  Key proposal focuses on entities of significant public interest such as charities By Michelle Quah michquah@sph.com.sg Singapore THE Accounting and Corporate Regulatory Authority (ACRA), which regulates business entities and public accountants, is seeking public feedback on proposed changes to ethical and
      438 words
    • Article
      Lock icon Latest unrest in Thailand tests a weak economy
      493 7 There are fears over how much political turbulence could affect infrastructure spending and tourism Reuters Bangkok THAILAND’S economy, South-east Asia’s second largest, typically shows remarkable resilience to political turbulence, but there are factors this time around that suggest the ongoing unrest could
      Reuters  -  493 words
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      70 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 13 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 LIVING Travel L2-3 Home Garden L4-7 Style L8-9 Dining L10-12 Health L13 Motoring L14-15 Sports L16 Househunt 30 Real Estate 31 ■b i 21“
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    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      21 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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    • Advertisement
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      24 3 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      24 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Lock icon Page 3 Miscellaneous Column 1
      32 3 h'-ji'l $1.6 MILLION Estimated Draw on Mon, 2 Dec 2013 at 6.30pm For details, visit www.singaporepools.com.sg p L A Always play with care responsibly) Do not bet illegally. RGB Reg No: *****0202G
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    • Miscellaneous
      Lock icon Page 3 Miscellaneous Column 2
      66 3 SINGAPORE —SWEEP— 1 ST PRIZE $2,300,000 2ND prize 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) wpportaro* 1 Draw No 12/2013 $3S? 'M.V widhJ nUB *****40 2O13ipl2^ i, 0 l W DRAW ON WEDNESDAY, 4 DEC 2013 P L Always play with care.
      66 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      115 7 AOX Natural Antioxidant Alkaline Water Office Filter System Check out full details of AOX alkaline water systems and benefits at www.aox.com.sg FREE Galaxy (WiFi)8-inch tablet! AOX 4000 Hot/Cold Antioxidant Water Dispenser $2352.93 (inc. GST) Tel:6456 4321 Terms Conditions: Promotion valid valid till 15 Dec or while stocks last Not applicable
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon In service of society
      2450 8 / 9  -  Cambridge vice-chancellor Sir Leszek Borysiewicz believes that top universities should consider supporting the education needs of the developing world. By Anna Teo By Anna Teo anna@sph.com.sg FOR an institution of its stature, the University of Cambridge has a remarkably short and simple mission statement, its vice-chancellor,
      PHOTO: YEN MENG JIIN  -  2,450 words
    • Article
      Lock icon Greater integration with healthcare system needed
      357 8 / 9  -  By Anna Teo SINGAPORE offers biomedical scientists “a great opportunity” to pursue their research interests, says Leszek Borysiewicz. A member of Singapore’s Biomedical Sciences International Advisory Council for the past five years, the Cambridge vice-chancellor, himself a top medical researcher, says he is “very
      357 words
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  • COMPANIES
    • Article
      Lock icon SPH trains eyes on long-term sustainability
      503 10  -  The company, which is sitting on $1 .7b of investible funds, will continue to look for accretive projects By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE Press Holdings (SPH) has its eyes on the future of media and long-term sustainability as it figures out how to
      503 words
    • Article, Illustration
      Lock icon StarHub to partner start-ups, not buy them
      481 10  -  By Joyce Hooi joyceh@sph.com.sg Singapore STARHUB is intent on making a play for a slice of the start-up pie, but it will take the partnership route instead of outright acquisition, its CEO, Tan Tong Hai, said yesterday. “We’re not going to be a
      481 words
    • Business briefing
      • Article
        Lock icon GSH Corp unit buys prime plot in KL
        78 10 GSH Corporation Ltd’s subsidiary, City View Ventures, yesterday signed a sales and purchase agreement with Tropicana Kia Peng to acquire a parcel of prime land in downtown Kuala Lumpur for RM132.4 million (S$51.55 million). The 5,800 sq m plot is on Jalan
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      • Article
        Lock icon Asiatravel.com sinks further into the red
        65 10 ASIATRAVEL.COM Holdings posted deeper losses of $5.74 million for the full year ended Sept 30, from the $3.77 million loss in FY2012. This translates to a loss per share of 2.37 cents, against a loss per share of 1.55 cents previously. Total revenue fell
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    • Article
      Lock icon Casa earnings edge up
      277 10  -  By Carine Lee carinel@sph.com.sg Singapore CASA Holdings Ltd yesterday said its net profit for the fiscal year ended Sept 30, 2013, rose to $9.53 million from $9.45 million a year ago. Turnover was flat at $31.01 million with the increase in home appliances sales in Singapore
      277 words
    • Article
      Lock icon Keppel Shipyard may land $750m Norway deal
      480 11  -  It’s in talks with Golar LNG to convert carrier to production facility By Lisa Lee lisalcc@sph.com.sg Singapore KEPPEL Corp’s wholly owned Keppel Shipyard is in talks with Norway’s Golar LNG on a contract worth an estimated $750 million to possibly more than $1
      480 words
    • Article, Illustration
      Lock icon New malls to open in Jurong and Bedok
      414 11  -  By Andrea Soh sandrea@sph.com.sg Singapore CAPITAMALLS Asia will open two new shopping havens next week, one on each side of the island. On Monday, the shutters will go up at Westgate in Jurong East. The seven-storey mall will have a net lettable
      414 words
    • Article
      Lock icon F&N wraps up bond courtship with 4 ayes, 2 nays
      364 11  -  By Kenneth Lim kenlim@sph.com.sg Singapore HOLDERS of Fraser and Neave’s (F&N) 3.15 per cent notes due 2018 agreed yesterday to amend the terms of their bonds, leaving just two unpersuaded debt series to deal with ahead of a planned split
      364 words
    • Article, Illustration
      Lock icon Market still looking for inspiration
      601 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent LOW volume and the absence of a clear direction continued to plague the local stock market this week, even as the Dow Jones Industrial Average and the Standard Poor’s 500 closed at successive all-time highs on Tuesday and Wednesday.
      601 words
    • Article
      Lock icon TOP GAINERS
      66 12 BY CENTS CLOSE UP DBXT E50 10US$ 5130 89.0 1.4 DBXT MSKorea 10US$ 6424 84.0 1.1 DBXT AUD Bonds 5AU$ ***** 77.6 0.4 GLD 10US$ ***** 64.0 0.4 Hyflux 6% CPS 10 ***** 58.0 0.5 Jardine C&C 3530 37.0 1.1 DBXT MSEurope 10US$ 5850 25.1 0.3 DBXT MSINDIA
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    • Article
      Lock icon TOP LOSERS
      60 12 BY CENTS CLOSEDOWN JMH 5052 -43.9 -0.7 UOB 2092 -27.0 -1.3 DBXT MSTHAI 10US$ 1883 -23.8 -1.0 Lyxor China H 10US$ 1529 -16.3 -0.8 UOB.ES.1311 2096 -16.0 -0.8 Lyxor LatinAmerica 1 665 -15.1 -1.8 DBS Bk 4.7% NCPS 100 ***** -10.0 -0.1 IS ASIA HYG100S$D 1338 -10.0 -0.7
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    • Article
      Lock icon EMS Energy tackles assault on its orders, margins
      691 12  -  By Lee Meixian leemx@sph.com.sg Singapore EMS Energy yesterday announced plans to boost its order sizes and scale, and to lift its profit margins and revenue. It outlined a three-pronged strategy to meet the challenges posed by high oil prices, intense competition and
      691 words
    • Article
      Lock icon TOP 20 ACTIVES
      239 12 VOL CLOSE Albedo 319 519 4 .8 0 .4 9 .1 Va l l i anz H l dgs 91 9.1 876 9 .8 0 .6 6 .5 Sky One 49 Sky One 397 1 3 .9 0 .5 3 .7 Europtron 47 47,056 056 5 .9
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    • Article
      Lock icon STI STOCKS
      113 12 Stock name Close Change CapMallsAsia 2.040 +0.030 CapitaLand 3.030 +0.010 CapitaMall 1.945 +0.010 CityDev 9.980 -0.080 ComfortDelGro 1.965 -0.005 DBS Grp 17.18 +0.040 GLP 2.950 -0.020 Genting SP 1.470 -0.015 Golden Agri 0.575 HK Land 5.910 +0.030 HPH Trust US$ 0.680 -0.005 JMH 50.52 -0.350 JSH 32.05 -0.030
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    • Article
      Lock icon S’pore market sheds $12.6b in November
      1022 13  -  It lacks theme, say brokers, as fallout from penny stock collapse persists By Cai Haoxiang haoxiang@sph.com.sg Singapore AFTER the great penny stock collapse of October, a listless month of trading in November saw the Singapore market lose around $12.6 billion of value. The total
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      152 13 e FIABCI Pnx d Excellence Award 2013 sinaran JM s rfi 8 K-i mW i 4dAr>L rr* THERE'S ALWAYS ROOM FOR MORE LUXURY AT THE TOP The penthouses of Soleil Sinaran embody the very finest in ultimate luxury living. The desirability is further heightened by the rarity of these 5-bedroom
      152 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Davinder Singh leads Brunei’s successful prosecution of major corruption scandal
      464 14  -  Manager of key Shell contractor pleads guilty to bribing Shell staff to get contracts By Michelle Quah michquah@sph.com.sg THE Attorney-General’s Chambers of Brunei, represented by a team led by Singapore’s Davinder Singh SC of Drew Napier, has won its case
      FILE PHOTO  -  464 words
    • Article, Illustration
      Lock icon Casino regulator to get new CEO in Jan
      471 14  -  By Grace Leong gleong@sph.com.sg THE Casino Regulatory Authority of Singapore (CRA) will have a new chief executive in Jerry See from Jan 6. The 45-year-old, currently chief executive of the Home Team Academy in the Ministry of Home Affairs (MHA) and a
      471 words
    • Briefing
      • Article
        Lock icon E.ON energy trading arm moves to bigger office
        106 14 Bloomberg E.ON Global Commodities, the energy trading arm of Germany’s biggest utility, will move Singapore staff to a bigger office on Dec 1, according to a Bloomberg report. The group will move to the 40th floor of the Ocean Financial Centre. The
        Bloomberg  -  106 words
      • Article
        Lock icon Public consultation on remote gambling curbs
        81 14 THE Ministry of Home Affairs has launched a public consultation exercise to seek views and feedback on the proposals to restrict remote gambling in Singapore. The consultation period, which began yesterday, will last until Jan 10. The government said on Thursday that it will
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      • Article
        Lock icon MOM sounds alert on duplicate website
        73 14 THE Manpower Ministry (MOM) put out an alert yesterday about a duplicate of its official website www.momgov.sg. It clarified that the public should access the official MOM website at www.mom.gov.sg for information and transactions concerning MOM matters. It said access to its official website
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    • Article, Illustration
      Lock icon LTA awards two Thomson Line jobs worth $526m
      335 15  -  Woodlands North station goes to Penta-Ocean while Napier station goes to Sinohydro By Vivien Shiao vshiao@sph.com.sg THE Land Transport Authority (LTA) has awarded two civil contracts for the building of the MRT’s Woodlands North and Napier stations and their associated tunnels. The
      FILE PHOTO  -  335 words
    • Article, Illustration
      Lock icon Donating just got easier
      291 15  -  By Vivien Shiao vshiao@sph.com.sg THE latest donation drive of the Community Chest (ComChest) makes it easier for the public to contribute to its cause: All donors need to do is use their smartphones to scan the QR code found in MRT stations islandwide. This throws up
      PHOTO: COMCHEST  -  291 words
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      Lock icon Page 15 Advertisements Column 1
      746 15 M WATS notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HORIZON AUTO LEASING PTE. LTD. (COMPANY REGISTRATION NO.: *****9938N) (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      222 16 THERE'S NOW A FASTER AND EASIER WAY TO FIND THE BEST CANDIDATE IT'S AS SIMPLE AS 1-2-3 r Visit our portal to self-register and place your ads online or email postad@STJobs.sg and we will post your ad for you. SMS a Call us Send your request to ***** according to
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  • WORLD
    • Article
      Lock icon London banks look certain to hike salaries
      528 17 With anger at banking excess near all-time highs, lenders are looking at less flashy ways to cope with bonus cap Reuters London IN the 1990s, London-based investment banks rewarded top employees with gold bars, fine wine and oriental carpets to dent the impact
      Reuters  -  528 words
    • Briefing
      • Article
        Lock icon India’s economy recovers slightly, boosted by farm output
        128 17 Reu ters New Delhi An expansion in farm output and some infrastructure helped India’s economy recover slightly in the September quarter, but growth still hovered close to decade lows, tempering hopes of a sustained rebound ahead of elections due next year. September’s
        Reuters  -  128 words
      • Article
        Lock icon Sime Darby profit slides 51% to RM489m in Q1
        110 17 Reuters Kuala Lumpur Malaysia’s planta-tions-to-motoring conglomerate Sime Darby Bhd yesterday posted its weakest quarterly profit in more than three years, and signalled that volatile commodity prices and weak demand will continue to overshadow its cost-cutting efforts. Sime’s profits in the first
        Reuters  -  110 words
      • Article
        Lock icon China to make new officials disclose their assets
        103 17 Reuters Beijing China is to launch a pilot programme to make new officials disclose their assets as part of an an-ti-graft campaign, the Communist Party’s anti-corruption watchdog said yesterday. Under the programme, “leading cadres” who are newly appointed or promoted will have
        Reuters  -  103 words
      • Article, Illustration
        Lock icon Westports open to shipping-line clients investing in its terminals
        96 17 Bloomberg Kuala Lumpur Westports founder and chairman, Malaysian billionaire G Gnanalingam (above), is open to shipping-line clients investing in Westports Holdings Bhd’s terminals to keep business as it expands port capacity. Westports operates six container terminals at Malaysia’s Port Klang and
        Bloomberg  -  96 words
      • Article
        Lock icon Japan plans US$70b supplementary budget
        130 17 Reuters Tokyo Japan will compile a US$70 billion extra budget for the fiscal year to next March, including a previously announced economic stimulus package, while revived economic growth is expected to boost tax revenues above initial forecasts, an official involved in the process said yesterday.
        Reuters  -  130 words
      • Article
        Lock icon China scrambles fighter jets to monitor US, Japanese aircraft
        94 17 AFP Beijing China yesterday scrambled fighter jets to monitor US and Japanese aircraft which entered its new air defence zone, state media said. The Chinese aircraft, which included at least two fighter jets, identified two US surveillance aircraft and 10 Japanese
        AFP  -  94 words
    • Article
      Lock icon WTO seals customs deal for Bali summit
      385 18 Poorest countries to be given extra flexibility to implement the new rules under discussion AFP Geneva THE World Trade Organization said on Thursday that negotiators have made a breakthrough in talks towards a major trade deal, just two days after the agency’s chief
      AFP  -  385 words
    • Article, Illustration
      Lock icon Abe names first ever female PM aide
      335 18 Makiko Yamada will advise him on policies affecting women AFP Tokyo JAPAN’S Shinzo Abe yesterday named the country’s first ever female aide to the prime minister, just weeks after Caroline Kennedy arrived as the first woman US ambassador to Tokyo. Makiko Yamada, a
      AFP; PHOTO: AFP  -  335 words
    • Article
      Lock icon Canberra rejects A$2.8b takeover of GrainCorp
      470 18 Shares slump 25% following failed bid by US agribusiness giant Reuters Sydney AUSTRALIA rejected a A$2.8 billion (S$3.2 billion) takeover of GrainCorp by US agribusiness giant Archer Daniels Midland (ADM) yesterday, bowing to pressure from grain growers in a surprising decision. GrainCorp shares plunged,
      Reuters  -  470 words
    • Article
      Lock icon German unemployment climbs to highest level since April 2011
      535 20 Number of people out of work rises for a 4th straight month in November, hitting 2.985m Reuters Berlin GERMAN unemployment rose to its highest level in two-and-a-half years in November, new data showed, a day after Chancellor Angela Merkel unveiled coalition
      Reuters  -  535 words
    • Article
      Lock icon America starts exporting oil to Asia
      409 20 BP, Vitol ship jet fuel to China due to availability of cheap shale crude Reuters Singapore AT LEAST two jet-fuel cargoes are being shipped to China from the United States, reversing the usual direction of trade in the product, as US refiners make use
      Reuters  -  409 words
    • Article
      Lock icon Beijing highlights markets’ role in urbanisation process
      276 20 Reuters Beijing A SENIOR Chinese Communist Party official has shed greater light on how the government would pursue its policy of urbanisation, including greater private capital participation, after a meeting to lay out the new administration’s agenda. The government’s role will be to
      Reuters  -  276 words
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      Lock icon Page 19 Advertisements Column 1
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      54 20 HOT PROPERTY "SIr L "T EAST COAST FH 3+1 1367 future mf° n s, a Eatenes SI.58M. S,gla P Ctr, 7 Motivated'seller. TenantGd T 6 %T w L sil EAST APARTMENTS FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8072 21 Transaction date: Nov 29 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.5 8Telecom 12.5 12.1 13 10.6 0.9 10.3 59.9 20 3.2 A-Sonic 11.1 +0.1 3764 11.3 10.8 11.1 11.2 1.2
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      Lock icon SGX CATALIST
      1870 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 31 -1 1 31 25 25 31 30.5 27.5 17.1 t 800 Super 24.5 -0.5 10 24.5 24.5 24.5 25
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 3 6 0 0 0 5 3 6 Manufacturing 48 43 46 9 9 8 57 52 54 Commerce 14 19 18 7 3 1 21 22 19 Tpt/Stor/Comms 10 17 10
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      818 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 25 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Courts Asia 28-Nov-13 Terence Donald O'Connor Buy 414 0.62 ***** 2.40 ***** 2.47 IPCO Int'l 28-Nov-13 Edward
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,165 17,165 96,380 96,380 Manufacturing 190,586 36,948 227,534 124,397 1,647 126,044 Commerce 73,461 471,341 544,802 61,373 30,201 91,574 Tpt/Stor/Comms 80,116 49,797 129,913 179,835 6,891 186,726 Finance 63,336 110 63,446 263,153 38 263,191 Construction 30,419 35,310
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  • MARKETS
    • Article
      Lock icon LIFFE
      94 25 Nov 28 COCOA (£/tonne) Close Prev High Low Dec 13 1736 1726 1738 1720 Mar 14 1745 1736 1747 1731 May 14 1739 1731 1740 1727 Jul 14 1733 1724 1733 1723 COFFEE(US$/tonne) Close Prev High Low Nov 13 1623 1601 1623 1623 Jan 14 1628 1614 1630 1609
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    • Article
      Lock icon METALS
      67 25 Nov 29 GOLD(US$/oz) Nov 29 Nov 28 Hong Kong 1246.00 1248 Nov 28 Nov 27 London 1243.89 1242.56 1245.11 1243.33 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.29 24.51 Source: UOB PLATINUM Lon (US$/oz) Nov 28 Close Previous PM Fix 1357.00 1377.00 AM Fix 1361.00 1384.00 Source:
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    • Article
      Lock icon PALM OIL
      57 25 Nov 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2614.0 2615.0 2620.0 2611.0 228 2268 Jan 14 2648.0 2650.0 2674.0 2641.0 2523 ***** Feb 14 2658.0 2654.0 2678.0 2644.0 ***** ***** Mar 14 2659.0 2656.0
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      Lock icon GOVERNMENT SECURITIES
      86 25 Nov 29 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-16 101.77 5-Year N*****0T 0.5 01-Apr-18 99.46 99.55 99.55 10-Year NX*****H
      86 words
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Nov 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1407 1.1423 0.9096 0.9101 Canadian dollar 1.1840 1.1856 0.9446 0.9441 Euro 1.7066 1.7083 1.3608 1.3611 NZ dollar 1.0175 1.0190 0.8113 0.8119 Sterling pound 2.0481 2.0501 1.6331 1.6334
      155 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Nov 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.167 1.112 Can dollar 1.208 1.162 Euro 1.749 1.666 Sterling pound 2.091 2.011 NZ dollar 1.043 1.003 US dollar 1.281 1.220 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
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      Lock icon CHICAGO BOT
      104 25 Nov 27 SOYBEANS(5,000 bu min; USc/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; USc/lb) Close Previous High/Low Dec 13 40.00 40.35 40.66 39.96
      104 words
    • STOCK MARKETS
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        Lock icon Straits Times Index
        21 25 YTD change: +0.29% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,990.68 on Aug 28, 2013 Source: Bloomberg
        Source: Bloomberg  -  21 words
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        Lock icon Hang Seng Index
        20 25 YTD change: +5.40% 52-week high: 24,014.81 on Nov 28,2013 52-week low: 19,426.36 on June 25,2013 Source: Bloomberg
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        Lock icon Shanghai Stock Exchange Composite
        22 25 YTD change: -2.14% 52-week high: 2,444.80 on Feb 18, 2013 52-week low: 1,849.65 on June 25,2013 Source: Bloomberg
        Source: Bloomberg  -  22 words
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        Lock icon Nikkei 225
        20 25 YTD change: +50.66% 52-week high: 15,942.60 on May 23, 2013 52-week low: 9,350.40 on Nov 29,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
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        Lock icon Dow Jones Industrial Average
        28 25 YTD change: +22.84% 52-week high: 16,120.25 on Nov 26, 2013 52-week low: 12,765.32 on Nov 28, 2012 (Chart shows Thursday’s index closing) Source: Bloomberg
        Source: Bloomberg  -  28 words
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      Lock icon OIL
      68 25 Nov 28 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.86 0.04 WTI (Near Mth) 92.18 -0.13 Dubai (1-Mth F) 107.44 -0.11 Tapis blend 116.61 -0.53 Minas 110.81 -0.53 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.42 -0.52 Jet Kerosene 127.03 0.57 US$/barrel OpecOil Basket Price 107.34
      68 words
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      Lock icon LONDON METALS
      72 25 Nov 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1708.50 1709.75 3 months 1754.00 1757.00 Copper, Grade A (US$/tonne) Cash 7014.50 7011.25 3 months 7020.00 7020.00 Lead (US$/tonne) Cash 2042.50 2050.75 3 months 2066.50 2075.50 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
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      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 28 Index Change Change Change Change Change Change World Preliminary 1162.5 0.2 23.9 0.3 25.1 0.3 21.7 EAFE Preliminary 944.9 0.4 22.0 0.7 21.0 0.6 17.7 Europe Preliminary 1343.8 0.3 17.1
      373 words
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  • PERSPECTIVE
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      Lock icon On call and on the move
      887 26 / 27  -  In a mere five years, innovations in communication have dramatically changed how people work, and where they work. By Yee-May Leong By Yee-May Leong ~The writer is senior vice-president Asia-Pacific, Orange Business Services, an IT and communications services provider SITTING on the black sands
      PHOTO: AP  -  887 words
  • Page 26 / 27 Miscellaneous
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      340 26 / 27 SATURDAY with Ludwig I’d prefer to trade in Bitcoin.’ CRYPTIC CROSSWORD Across 1 A sweet spice that’s not been used (10) 9 The endless fascination of tea (4) 10 Too old for love but no longer minding (4,6) 11 Get out of order for drumming? (4,2) 12 Go off with
      340 words
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  • Wealth
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      Lock icon Income theme seen staying hot
      867 28  -  JP Morgan Asset Management positive about preferreds, high yield bonds. By Genevieve Cua gen@sph.com.sg INCOME-yielding assets are expected to remain a hot theme in 2014, despite having posted strong returns over the past three to four years. The reason is that despite jitters over the
      PHOTO: REUTERS; Source: Bloomberg, Harclays Capital, IPMorgan, FTSF EPRA Nereit:, MSC, JP Morgan Asset Management, Sept 30, 3013 For illustrative purposes only. Past performance is not a guarantee or necessarily indicative of future results  -  867 words
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      Lock icon Dubai’s Emaar bans flipping of homes that aren’t completed
      376 30 Measure is aimed at providing market stability and to check speculative activity, says the developer Bloomberg Dubai EMAAR Properties, Dubai’s biggest developer, has banned real estate brokers from reselling its homes before completion to clamp down on a practice that fuelled
      Bloomberg; PHOTO: AP  -  376 words
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      Lock icon Househunt
      571 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS 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 Gdn
      571 words
    • Article
      Lock icon High-tech homes losing their shine, say specialists
      372 31 Xinhua Istanbul INTELLIGENT buildings and homes equipped with unnecessary high technology would soon turn to more traditional ones, said experts at an international conference in Istanbul on Thursday. Intelligent buildings and homes was one of the topics at the two-day World Intelligent Cities
      Xinhua  -  372 words
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      Lock icon Philippine billionaire Sy bags 54.5b peso reclamation project
      450 31 Ayala Land’s petition to extend deadline for its bid denied by local government Bloomberg Manila PHILIPPINE billionaire Henry Sy has won a 54.5 billion-peso (S$1.56 billion) contract to reclaim land in Manila after Ayala Land Inc’s request to extend the deadline for
      Bloomberg; PHOTO: BLOOMBERG  -  450 words
    • Article
      Lock icon Canada sells London property for C$530m
      211 31 Bloomberg Sydney CANADA’S government has agreed to sell its diplomatic property in London’s Mayfair district to closely held Indian real estate developer Lodha Group for C$530 million (S$628.5 million). Canada will sell 1 Grosvenor Square and consolidate its diplomatic offices into one central London
      Bloomberg  -  211 words
    • Article
      Lock icon NZ new home approvals dip for first time in 3 months
      289 31 Reuters Wellington THE number of new dwelling consents approved in New Zealand fell a seasonally adjusted 0.6 per cent in October, the first fall in three months, as the recent strength in the market showed signs of slowing, according
      Reuters  -  289 words
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      131 29 Tracking markets. Capturing opportunities. Do you have time to do both? At UBS, we work hard to help make our clients even more successful. By harnessing the power of over 900 economists, analysts and strategists including specialists in every major market in Asia Pacific who monitor the markets 24 hours
      131 words
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      120 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE WATCH THAT BROKE ALL THE RULES, REBORN. IN 1972, THE ORIGINAL ROYAL OAK SHOCKED THE WATCHMAKING WORLD AS THE FIRST HAUTE HOROLOGY SPORTS WATCH TO TREAT STEEL AS A PRECIOUS METAL. TODAY THE NEW ROYAL OAK COLLECTION STAYS TRUE TO
      120 words
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      63 1 BT THE BUSINESS TIMES WEEKEND NOVEMBER 30 DECEMBER 1 2013 Living TAKING A LEAF FROM CEYLON Sri Lanka’s tea industry L2-3 COVER DESIGN: JENNIFER CHUA PHOTO: SHARON CHEAH HOME GARDEN Going global at home L4-7 STYLE Feel-good fashion L8-9 MOTORING Model hybrid L15 DINING Have an Asian Christmas L10-12 SPORTS
      63 words
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  • BT Living
    • TRAVEL
      • Article, Illustration
        Lock icon Taking a leaf from Ceylon
        1832 2 / 3  -  Tea has shaped both the land and economy of Sri Lanka since the mid-19th century, and the tradition continues today. By Cheah Ui-hoon By Cheah Ui-hoon uihoon@sph.com.sg THE morning starts early at Nuwara Eliya, the highlands of central Sri Lanka. Just after 5am, the horizon
        PHOTOS: CHEAH UI-HOON  -  1,832 words
    • HOME & GARDEN
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        Lock icon Going global at home
        1972 4 / 5  -  More international furniture brands are making their presence felt here as their unique designs and quality draw home makers. By Tay Suan Chiang designs By Tay Suan Chiang taysc@sph.com.sg Dreamweave Other Stories Millenia Walk, #01-34 Z6333 1669 Opening hours: 10:30am to 9:30pm daily COLIN Banning says
        PHOTOS: DREAMWEAVE; PHOTO: MORELESS; PHOTOS: MORELESS; PHOTOS: MATZFORM  -  1,972 words
    • STYLE
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        Lock icon FEEL-GOOD FASHION
        1512 8 / 9  -  It’s been an uphill climb for high fashion, but luxury brands are slowly brandishing their ethical cred to court a crowd of conscionable consumers. By May Yip WITH a booth promoting plush furs in the foyer, and interviews with upscale designers on their exotic-skin accessories and jewel-encrusted trinkets,
        1,512 words
    • DINING
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        Lock icon Have an Asian Christmas
        2343 10 / 11  -  Whether it’s your first Christmas in the tropics or your 50th, Debbie Yong rounds up Asian-inspired takeaway dishes to give a fresh twist to your Yuletide feast Debbie Yong debyong@sph.com.sg Korean Spicy kalbi beef short ribs FIRE up your Christmas spread with Skyve Elementary Bistro’s spicy
        PHOTOS: TANDOOR, SKYVE, FAIRMONT HOTEL SINGAPORE, MARINA BAY SANDS, KEITH AND KIN, DEBBIE YONG; PHOTOS: TIONG BAHRU BAKERY, HOTEL FORT CANNING, IMMIGRANTS  -  2,343 words
    • HEALTH
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        Lock icon Sustainable and effective weight reduction
        1358 13  -  Taking a practical, comprehensive lifestyle approach will help reduce the risks of complications Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal Publishing Group); chairman, scientific advisory
        PHOTO: REUTERS  -  1,358 words
    • MOTORING
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        Lock icon Smooth operator
        564 14  -  The new Nissan Teana 2.0 surprises with its luxurious cabin and smooth drive. By Samuel Ee samuelee@sph.com.sg BUYERS of mid-sized saloons these days are spoilt for choice and if the new Nissan Teana catches the eye, it is probably less its unconventional styling and more the traditional luxury
        564 words
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        Lock icon MODEL HYBRID
        632 15  -  Mazda succeeds in making its first hybrid model drive like a normal car. By Samuel Ee By Samuel Ee samuelee@sph.com.sg Mazda’s very first petrol-elec-tric hybrid model, the Mazda3 Hybrid sedan, hardly drives like one. After all, a hybrid does not accelerate or brake exactly like a conventional petrol-engined
        632 words
    • SPORTS
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        Lock icon Pacquiao not packing up just yet
        845 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent MANNY Pacquiao was in a city more than 1,100 km away from home, but the Filipino boxer may well have felt that he was right smack in the middle of Manila. When American Idol alum Jessica Sanchez
        PHOTOS: AP, VENETIAN MACAU  -  845 words
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      960 6 / 7 wine dine with BTWeekend Atrium Lounge Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 Afternoon Tea@ Marina Mandarin (Till Nov 31, 2013) Enjoy a leisurely afternoon tea amidst the chirpings of exotic Asian songbirds at one of South-east Asia’s largest atriums. Pair premium teas with fresh scones, pancakes, crepes and
      960 words
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