The Business Times, 9 December 2013

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Total Pages: 27
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, December 9, 2013
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  • 1236 1  -  They sold more business loans here and abroad, reaping benefits of overseas expansion and marketing to foreign corporates based here YEAR IN REVIEW: BANKING By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] The three local banks, among the top performers for 2013, may well continue their
    Source: MAS  -  1,236 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,114.17 -62.18 KL COMP 1,826.95 +14.23 NIKKEI 225 15,299.86 -362.01 HANG SENG 23,743.10 -138.19 SET INDEX 1,361.57 -9.56 JAKARTA COMP 4,180.79 -75.65 MANILA COMP 6,014.94 -193.88 SEOUL COMP 1,980.41 -64.46 SHENZHEN B 897.34 +16.25 MUMBAI IND 20,996.53 +204.60 DOW 16,020.20 -66.21 NASDAQ 4,062.52 +2.63 S&P
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    • 21 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA 14.600 TAIWAN BRITAIN JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.254 (US$/S$ per 1.634 2.049 EURO (US$/S$/E) 1.366 1.713 Foreign currency per US$ S$ YEN 102.10 81.40 RM 3.230 2.575 HK$ 7.755 6.184 BAHT 32.34 25.79 RUPIAH 11,988 9,559 RENMINBI 6.082 4.850 INDIAN RUPEE 61.65 49.16 A$ 1.105 0.881 NZ$ 1.222 0.974
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  • 471 1 PM promises to quit if that is what the people want Reuters AFP AP [BANGKOK] Thai Prime Minister Yingluck Shinawatra proposed a referendum on her future yesterday and promised to resign if that was what the people wanted, as the country’s main opposition Democrat Party announced
    Reuters; AFP; AP  -  471 words
  • Page 1 Advertisements
    • 89 1 DINING OUT Serving up a toast to Tokyo PAGE 20 COMMENTARY Welcome back, WTO YOUNG INVESTORS’ FORUM Tricks and traps of advertising PAGE 9 TOPLINE Up close with Ezra’s Lionel Lee PAGE 4 PAGE 2 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg.
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  • TOP STORIES
    • 797 2  -  Bali agreement restores to the organisation a measure of clout and credibility COMMENTARY VIKRAM KHANNA vikram@sph.com.sg Associate Editor THE World Trade Organisation is back in business. Just when it seemed that the WTO had reached a dead end after 12 years of failed or stalled negotiations on
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    • 531 2  -  ‘Few experiences’ in unconventional policy halts By ANTHONY ROWLEY in Tokyo EXITING from the su-per-easy monetary policies currently being implemented by some of the world's leading central banks may prove more difficult than was the case with past easing exercises, Bank of
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    • 875 2  -  WALL STREET INSIGHT By ROB CURRAN VOLATILITY returned to the stock market last week as holiday-sales tallies disappointed investors and “tapering” fears resurfaced. The Dow Jones Industrial Average suffered its first weekly decline in more than a month, though it finished with one
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    • 295 2 Local banks on winning streak THE three local banks, among the top performers of 2013, may well continue their winning streak next year in tandem with a stronger global economy. FRONT PAGE Holiday sales fuel US market volatility VOLATILITY returned to the US stock market last week as
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    • 723 3  -  Also, package for pioneer generation to feature in Budget 2014, says PM Lee Reports by KELLY TAY kellytay@sph.com.sg [SINGAPORE] In a move underscoring the ruling party’s intent to zero in on elderly issues, the People’s Action Party (PAP) yesterday launched a new group
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    • 289 3 [SINGAPORE] “The world has changed, and so must we,” declared Prime Minister Lee Hsien Loong in Mandarin yesterday at the biennial People’s Action Party (PAP) convention. To that end, the ruling party has adopted a new resolution statement its first in 25 years which
      289 words
    • 156 3 [SINGAPORE] Rioting broke out along Race Course Road in Little India last night and the mob was believed to be made up of foreign workers. Police confirmed a riot had occurred at the junction of Race Course Road and Hampshire Road at 9.23pm. Police
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    • 527 3  -  BJP is on a roll, but not clear that it can win national polls By YOGI AGGARWAL in Mumbai AS THE votes in Indian state assembly elections were being counted yesterday, it was clear that the Congress Party was the big loser
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  • Page 2 Advertisements
    • 308 2 I have a vision to excel in the financial world. It’s my choice. r RECEIVE $100 off CFA PROGRAMME* A Step into the world of finance with confidence. At Kaplan Financial, part of the Kaplan Learning Institute, we prepare you to meet the demanding challenges of the financial industry. Our
      308 words

  • Page 3 Advertisements
    • 88 3 Changi Airport and British Airways celebrate a partnership of 80 years in Singapore. Since the beginning, our partnership with British Airways has been built on our shared commitment to quality and service. With connections to over 500 destinations, the airline boasts one of the most modern fleets in the world.
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  • COMPANY NEWS
    • 1165 4  -  CEO Lionel Lee maintains a composed demeanour in face of criticism of his controversial yet bold strategy for the group, reports TOPLINE LISA LEE lisalcc@sph.com.sg OVER the past three years, profitability at Ezra Holdings has had a choppy ride. One of its offshore support vessels
      PHOTO: ARTHUR LEE  -  1,165 words
    • 567 4  -  By ANDREA SOH By sandrea@sph.com.sg EVEN though more banks have elbowed their way into the commodity trade finance space, especially in Singapore, many are cultivating the same big clients or trading houses in the industry. This gives established players such
      567 words
    • 1886 5  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited UYING was flat for the third straight week while selling among directors rebounded based on filings on Singapore Exchange in the first week of December. Buyers outweighed sellers with 11 companies that
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  • Page 4 Advertisements
    • 95 4 1EIR10 HALLIBURTON a I f m M k m a VI vv 3» I I ZR-Geo Collection 30% off* ZERO Air Collection U.R S729.00 S959.00 Spend a minimum $399 nett on any ZERO HALLIBURTON item and get a complimentary foldable Boston bag worth $119 Terms and conditions: Valid till 31st
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    • 18 4 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings NOTICES
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  • Page 5 Advertisements
    • 325 5 Save S$893 in taxes by the end of the year! o£ c 31 iving. Breathing Asia We are making it more rewarding to save with a chance to win a year of free taxes All you have to do is contribute up to S$12,750 into your Supplementary Retirement Scheme (SRS)
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  • SINGAPORE MARKETS
    • 603 6  - ‘Go West in 2014’ Part II STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent BY now, it would be clear to most readers that current thinking among analysts on what 2014 might bring is that developed economies are recovering and the natural way to play this recovery is to buy developed markets
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    • 531 6 CURRENCIES Bloomberg [NEW YORK] The euro rallied for a fourth week against the greenback, the longest streak since June, as European Central Bank president Mario Draghi refrained from adding to monetary stimulus. The 17-nation currency strengthened versus most of its 16 major
      Bloomberg  -  531 words
    • 904 6 COMMODITIES AFP [LONDON] Commodity prices diverged last week, with New York oil striking an Octo-ber-peak and gold futures hitting five-month lows as markets tracked positive US economic data including Friday’s jobs numbers. The US jobless rate fell to 7 per cent
      AFP  -  904 words
    • 1501 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 1.75 1.75 4 10.43 13.86 1.75 1.45 Amtek Engineering Ltd 3.00 3.50 2 0.05 7.72 0.51 0.48 ARA Asset Management Ltd 2.29
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    • 4 6 WEEKLY
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    • 73 6 Dec 6 VALUE CLOSE BT OB/OS -403.00 -37.00 BT CADI -*****.00 -36.00 BT 10-day MA -*****.00 -41.00 FTSE ST Mid Cap 710.92 -0.44 FTSE ST Small Cap 529.59 -1.70 FTSE ST All Share 755.34 -2.14 FTSE ST China Top 196.07 +0.68 FTSE ST China 223.26 +2.60 FTSE
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    • 55 6 VOLUME Albedo 1,131,434,000 Vallianz Hldgs 583,103,000 Transcu Grp 444,645,000 Charisma Energy 327,066,000 MDR 320,118,000 Innopac 256,640,000 Blumont 231,642,000 IPCO Intl 190,416,000 HanKore 168,001,000 Viking 166,943,000 VALUE($) SingTel 332,976,019 DBS Grp 314,172,335 OCBC Bk 218,624,380 UOB 216,283,320 Keppel Corp 165,302,135 Noble Grp 163,123,414 Genting SP 145,736,895 GLP 130,347,930
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    • 118 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 723.6 5.9 JMH 5160 135.4 2.1 Lyxor Malaysia 10US$ 1070 57.7 4.5 DBXT FTVietnam 10US$ 2480 41.4 1.3 DBXT S&P Short 10US$ 2686 31.4 0.9 JSH 3229 30.1 0.7 Lyxor MS India 10US$ 1326 26.3 1.6 DBXT MSMSIA 10US$ 1515 21.3
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    • 129 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 6210 -268.4 -3.3 Lyxor Indonesia10US$ 7055 -224.5 -2.5 IS S&P500 ***** -214.4 -0.9 GLD 10US$ ***** -210.7 -1.4 Hyflux 6% CPS 10 ***** -120.0 -1.1 Jardine C&C 3442 -88.0 -2.5 DBXT iBoxxIDR 10US$ 925 -58.9 -4.8 Lyxor US DJIA 10 US$ 1606
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    • 5 6 WEEKLY
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  • Page 7 Advertisements
    • 182 7 rrSS^**V DA ■^s ssf: sa&TSPS -s *3*. RESIDENCE nr ■2»* >'i THE HILLS h v.V. Ste iSS. ,;x a -c.-. ns X X m ilili A J X. 3 V/ A rfil Mh mz -<• v V' v\ 7. J,;- '»►;>, g -7 i HI P" m JX •zi&i SPSSJi
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  • SINGAPORE NEWS
    • 597 8  -  CEO tapping on entrepreneurial potential to solve hard social problems By MALMINDERJIT SINGH msingh@sph.com.sg ENTREPRENEURSHIP is the answer to all of society’s problems. This may sound cliched to some, but for Daniel Epstein, it is a personal mantra. Mr Epstein, the founder and CEO of
      FILE PHOTO  -  597 words
    • 235 8 THE performers, organisers and supporters of this year’s ChildAid charity concert on Friday and Saturday nights had every reason to celebrate after the event as all their hard work paid off. The sum raised at the event a record $2.035 million beat last year’s $2.01 million
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  235 words
    • Article, Illustration
      453 8  -  By KELLY TAY kellytay@sph.com.sg Underwater Santa A SCUBA-DIVING Santa delighted 35 special needs children last Saturday at Underwater World Singapore (UWS), when he shared high-fives with them and posed for pictures from inside a tank. The event, held in support of the International Day for Persons with Disabilities,
      PHOTO: UNDERWATER WORLD SINGAPORE  -  453 words
    • 18 8 Branchen Stars R1C-A 02/12/2013 203,62 EUR I db X-MACRO Trading Index Fund I4D 27/11/2013 87,16 GBP
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    • 297 8 COMPANY MEETING PLACE DATE TIME Vallianz E 12 International Business Park #03-02 Swiber@ IBP 09-Dec 10.00am Lion Asiapac E The Conference Room 10 Arumugam Road #10-00 Lion Building A 10-Dec 9.30am Transcu Group E Lavender III room Hotel Fort Canning 11 Canning Walk 11-Dec 11.00am United Intl Sec
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    • 286 8 Dec 6 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited .5.50 Bank of Communications 5.50 .6.00 Bank of China Limited .5.50 Bank of Tokyo-Mitsubishi .5.50 Banque Internationale a .5.75 BNP Paribas Chang Hwa Commercial Bank
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    • 886 8 Payment Ex Rec Pay Ann (cts) date date date date AIMS AMP Cap (1 Jul-30 Sep 13) ct 2.750 01-Nov 05-Nov 18-Dec 23-Oct Ascendas Hospitality (10 Jun-30 Sep 13) ag 16.692 18-Nov 20-Nov 20-Dec 13-Nov Boardroom Ltd ca 2.000 05-Nov 07-Nov 20-Dec 30-Oct Boustead S’pore aw 2.000 25-Nov
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  • Page 8 Advertisements
    • 41 8 Brand I Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements I WATS NOTICES CLA/FEB1 1/g Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices WATS NOTICES CLA/FEB1 1/g
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1781 9  -  Dubious deals exist involving interest rates, with confusion over the period for which the rates apply, says CAI HAOXIANG CAI HAOXIANG haoxiang@sph.com.sg NAVIGATING the world of finance can be a minefield. Chances are you will get fooled at least once in your life by dodgy
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    • 563 9  -  By CAI HAOXIANG haoxiang@sph.com.sg AT a loss as to what to look out for when buying financial products? Some tips can be found on the website of UK regulator Financial Conduct Authority. “Financial advertising and promotions should clearly explain what the
      563 words
    • 807 9  -  Regulations are one thing, but the onus is still on consumers to educate themselves MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg Correspondent THERE is a term for situations when fundamental conflicts of interest happen: the principal-agent problem. You, the important person called the principal, want to get someone
      FILE PHOTO  -  807 words
  • Page 9 Advertisements
    • 157 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      157 words

  • MALAYSIA/INDONESIA
    • 672 10 Lenders giving perks to raise more funds as they expect more monetary tightening Bloomb erg [JAKARTA] Bank Indonesia’s interest rate increases to slow the economy and curb imports have failed to prevent the fastest loan growth in seven months as lenders offer savers
      Bloomberg  -  672 words
    • 369 10 Reuters [JAKARTA] Indonesia’s mining industry will be killed off by a planned ban on unprocessed mineral exports, a domestic miners’ association said, accusing the government of favouring international firms that can more easily adapt to the new rules. The ban by Indonesia,
      Reuters; PHOTO: REUTERS  -  369 words
    • 1417 10 VOL Dec 6 RM +/-(‘000) A M Realty unch unch 0 VOL Advance Synerg 0.15 0.01 169 Adventa Bhd 1.14 -0.01 241 Ae Multi Hldgs 0.21 -0.01 35 Affin Holdings 4.28 -0.02 221 Ahmad Zaki Res 0.92 -0.01 86 Abric Bhd Alliance Finan 0.01 Aluminium Co Advance Synerg
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    • 384 10 [KUALA LUMPUR] The Iskandar Region Development Authority (Irda) in Johor is witnessing growing investments in the services and logistics sectors. CEO Ismail Ibrahim said he expects the two sectors to contribute the most investments in the Iskandar region, according to a report in
      384 words
  • Page 10 Advertisements
    • 312 10 The Peak Selections: Gourmet Travel would like to congratulate the following Top 12 award winners of G Top 100 Wines 2013 MOST DRINK ABLE RED WINE S a t o Pi no t N o i r 2011 RED WINE OF THE YEAR V ega Si c il i a
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  • GREATER CHINA/INDIA
    • 598 11 November imports up 5.3%, giving a trade surplus of US$33.8b Reuters Bloomberg [BEIJING] China’s exports handily beat forecasts in November, adding to recent evidence of a stabilisation in the world’s second-larg-est economy as its leaders embark on an ambitious restructuring plan. Exports rose 12.7
      Reuters; Bloomberg; PHOTO: AFP  -  598 words
    • 404 11 NYT [NEW YORK] US authorities have obtained confidential documents that shed new light on JPMorgan Chase’s decision to hire the children of China’s ruling elite, securing e-mails that show how the bank linked one prominent hire to “existing and potential
      NYT  -  404 words
    • 486 11 They may be half usual levels at *****0 tonnes in 2014 Reuters [MUMBAI] Indian gold imports may fall 70 per cent in the final quarter of 2013 from 255 tonnes in the year-ago period and are expected to be half usual
      Reuters  -  486 words
  • Page 11 Advertisements
    • 179 11 Smoothens the road for those who lead the way. The new S-Class. Vision accomplished. Pioneering a new era of intelligent driving is the new S-Class. The innovative MAGIC BODY CONTROL with ROAD SURFACE SCAN detects road unevenness with a stereo camera, and adjusts the suspension for a comfortable ride. A
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  • WORLD
    • 664 12 Gensler’s revision is meant to clarify impact of guideline on foreign banks Bloomb erg [WASHINGTON] Commodity Futures Trading Commission (CFTC) chief Gary Gensler has persuaded US regulators to insert new language into the Volcker rule clarifying its impact on foreign banks, according
      Bloomberg; PHOTO: REUTERS  -  664 words
    • 325 12 Reuters [MANILA] The World Bank said it has lowered its growth forecasts for the Philippines this year and 2014 following a strong typhoon that devastated its central provinces, but recovery and reconstruction efforts should boost economic growth in 2015. Growth in the
      Reuters  -  325 words
    • 399 12 Indebted US and EU govts pose threat to world economy Reuters [STOCKHOLM] One of the three Americans who won this year’s Nobel prize for economics said bloated public deficits on both sides of the Atlantic meant that recession remained a real risk for
      Reuters  -  399 words
    • 509 13 Bloomberg [SEOUL] South Korea will extend its Air Defense Identification Zone (ADIZ) to cover islands and an underwater rock, adding to regional tensions that have escalated since China last month declared control over airspace claimed by neighbours. The nation’s ADIZ
      Bloomberg; PHOTO: AFP  -  509 words
    • 373 13 AFP [LONDON] Senior British politicians lined up yesterday to condemn plans by an independent body to grant them an 11 per cent pay rise, embarrassed at how such largesse will be perceived at a time of deep public spending cuts. Ministers
      AFP  -  373 words
    • 460 13 AFP Xinhua [JOHANNESBURG] South Africans of all races and religions united in an outpouring of prayer and song for their beloved Nelson Mandela yesterday, hearing calls to keep his dream of a Rainbow Nation alive. Churches, mosques, temples and synagogues across the
      AFP; Xinhua; PHOTO: AP  -  460 words
    • 723 13 ECB’s Asset Quality Review to judge if they provide enough for loan losses Reuters [LONDON] Most of Europe’s big banks shed risky assets in the quarter to September, but they have yet to take extra provisions against doubtful loans to show
      Reuters  -  723 words
    • 300 13 Reuters [FRANKFURT] German banking watchdog Bafin is calling for far-reaching reforms, including a more active government role, in the setting of market benchmark values such as Libor, its head of banking supervision told a German paper. “Reference prices that are only based
      Reuters  -  300 words
    • 967 16 Voter opinions about economy lag behind signs of improvement AP [WASHINGTON] To a struggling White House, the economy that was supposed to be a political millstone is losing some drag. During Barack Obama’s presidency, pocketbook worries have been the dominant issue
      AP; PHOTO: AP  -  967 words
    • 813 16 Nov data shows winners, losers from evolving economy AP [WASHINGTON] As the US job market improves, it’s also evolving, with winners and losers. Warehouses and trucking companies are doing more holiday hiring than the stores they’re working for. Factory workers are getting
      AP  -  813 words
    • 279 16 AFP [KUWAIT CITY] Gulf Arab states will hold a summit this week to discuss a controversial proposal to form an EU-like union at a time of regional turmoil and fresh Iranian overtures. Saudi Arabia and other oil-rich monarchies, already rattled by the turmoil unleashed
      AFP  -  279 words
    • 888 16 WP [TOKYO] Japanese Prime Minister Shinzo Abe’s pledge a year ago of “unlimited monetary easing” was enough to get foreigners to sell the yen. Only now, as the policy pushes inflation above bond yields, is he winning converts at home. Local investors were
      WP  -  888 words
    • 655 18 Its ministers try to reconcile differences over mechanism to stabilise lenders AFP [BRUSSELS] European Union (EU) finance ministers face tough talks tomorrow on the next key step to a “Banking Union”, the new regulatory system to ensure banks avoid the risky
      AFP  -  655 words
    • 495 18 Bloomberg [MEXICO CITY] Senators from Mexico’s two biggest political parties proposed a bill to break the nation’s 75-year oil monopoly by amending the constitution to allow production sharing contracts and licences for outside producers. The joint legislation would allow private companies such
      Bloomberg; PHOTO: BLOOMBERG  -  495 words
    • 424 18 Reu ters [ATHENS] Greece’s parliament approved a budget plan filled with over three billion euros (S$5.1 billion) of austerity cuts that sees the debt-laden country emerging from a six-year recession next year. After nearly going bankrupt and almost crashing out of the
      Reuters  -  424 words
  • Page 12 Advertisements
    • 152 12 H STPROPERTY sg r Want to be part of our International Exhibition next year? i Contact Andy Gui at andygui@sph.com.sg fl. 6319 6382. jwrav r5-2ss= Si "■3 4* r I! .51 i: HIM I 1 ;i :n i; l Mi ii tii I! ii ii. (i »>• .i Mill m
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  • Page 13 Advertisements
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  • Page 14 / 15 Advertisements
    • 157 14 / 15 Our Heartiest CONGRATULATIONS On Your Opening M f 14 m M at A A -A A A A S3 pi| r :W H ■a W> S' r xfl) m t lb/ l?v.' _4S/ A s y v J w» CjJ fwf p fctf W oo a o y ig >
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  • Page 16 Advertisements
    • 89 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF THE COMPANIES LISTED BELOW NOTICE OF MEMBERS' VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Members of the belownamed companies held on 30 November 2013, it was resolved that the
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  • Page 17 Advertisements
    • 144 17 f f A I -> m J .>• s 11 iStvia i THE BOY WHO WILL STEAL THE SHOW Is a class act whom others look up to and admire Is a world-class performer who excels no matter how big the challenge is. The new BUSINESSMAN OF THE YEAR (BOY)
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  • Page 18 Advertisements
    • 2174 18 IN THE MATTER OF SALE BYTENDER Closing Date 12.00pm, 9 January 2014 Collector's Dream Landed Properties in Malacca, Malaysia Within UNESCO World Heritage Core Zones Boutique Hotel (a Heeren Street J Boutique Hotel with 97 rooms Walking distance to Jonker Street and major landmarks Land Area 21,355 sf Jonker Street
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    • 462 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF adingo asia pte. ltd. Company Registration Number *****0508H (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the members of adingo asia pte. ltd. deemed to have been
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  • AVIATION/SHIPPING
    • 901 19 Passenger flow seen exceeding capacity at six of 12 airports even with upgrades Reuters [BRASILIA] Brazil insists its airports will be ready for up to 600,000 foreign visitors during next year’s World Cup, but an internal report said severe overcrowding
      Reuters; PHOTO: REUTERS  -  901 words
    • 234 19 SGX '000 Dec 06 S$ +/-Vol Ch Offshore unch unch 0 Chuan Hup Hldg 0.26 unch 8 Cosco Corp 0.72 -0.01 1798 Cwt Limited...............1.28 unch 129 First Ship Lea unch unch 0 Grand Banks unch unch 0 Jaya Hold Ltd unch K1Ventures................0.19 unch 254 Keppel Corp 10.90 -0.01
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    • 264 19 Bloomberg [LONDON] UK airports resumed regular service yesterday after a technical fault in the system that manages the country’s air traffic disrupted flights and delayed thousands of passengers on Saturday. Operations have returned to normal at London Heathrow, a spokesman for Europe’s busiest
      Bloomberg  -  264 words
    • 604 19 Reuters [RUGAO, China] Deserted flats and boarded-up shops in the Yangtze River town of Changqingcun serve as a reminder of the area’s reliance on China Rongsheng Heavy Industries Group, the country’s biggest private shipbuilder. Like Rongsheng’s shipyards, the area is struggling
      Reuters; PHOTO: REUTERS  -  604 words
  • Page 19 Advertisements
    • 112 19 %p m p if r r a 'P* if m I 4 /I a i r. o o vy •.•)>-• OUT NOW r* STROKES OF GENIUS Practitioners of rare art forms share their career experiences SOMMELIERS’ FESTIVE PICKS Four sommeliers present |t win** wkh Ikt DINE LIKE AN EMPEROR rneir
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  • Page 19 Miscellaneous
    • 318 19 CRYPTIC CROSSWORD Across 5 City in Pennsylvania, and port in South Africa (8) 8 Notice husband going back into church in Cheshire, perhaps (6) 10 Perform with band associated with one show tune (2-2-2) 11 Arranged to repeat G&S work, maybe (8) 12 Not able to be fixed on the
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  • DINING OUT
    • 748 20  -  Two chefs, one Japanese and the other Singaporean, serve up a mixed sushi platter, writesJAIME JAIME EE NEW RESTAURANT Sushidai Singapore 4th Floor Marina Mandarin Singapore 6 Raffles Boulevard Tel: 6820-0637 Open Tues to Sun for lunch and dinner: 12pm-2pm (last order); 6pm-10pm (last
      PHOTOS OF SUSHIDAI: JAIME EE  -  748 words
    • 712 20 NEW RESTAURANT Shinzo Japanese Cuisine 17 Carpenter Street #01-01 Tel: 6438 2921 Open Mon to Sat for lunch and dinner: 12pm to 3pm; 6.30pm to 10.30pm YOU may know the feeling: you’re sitting in a Tokyo sushi bar, feeling a little out of place as
      PHOTOS: JAIME EE  -  712 words
  • Page 20 Advertisements
    • 19 20 klSS92 FM place one in songs great the All I > m IN THE MORNING -WEEKDAYS 6AM-10AM D facebook.com/kiss92fm www.kiss92.sg
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    • 57 20 kV9$r si** ASIA’S LARGEST 1 Educational Kids’ Fair join us at Asia's Largest Education Fair. 1 Singapore Expo Hall 5 21 -23 March 2014 BOOK NOW! Limited Booths available! m ye lb rv’ C®' m For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008
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    • 99 20 Wine, Dine Hospitality Highlights CHRISTMAS SURPRISES AT CONRAD A selection of delightful indulgences this holiday season 29 November to 25 December 2013 Savour a delicious array of culinary delights and gourmet takeaways including Santa's Signature Log: Passion Fruit, Ivory Coconut, Rum Raisin and a choice of exquisite hampers. A "V.X
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  • SINGAPORE STOCKS
    • 4219 21 Week ended: Dec 6 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 84 59 ABR Hldgs 76 +2 1027 76 74 75 77 1.2 40.8 2 152.8 Last Quote Div GrYld
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    • 307 22 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer
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    • 117 22 Stock name Close Change CapMallsAsia 1.935 +0.010 CapitaLand 3.020 +0.030 CapitaMall 1.875 -0.005 CityDev 9.800 -0.030 ComfortDelGro 1.960 +0.040 DBS Grp 16.810 -0.090 GLP 2.940 +0.080 Genting SP 1.485 Golden Agri 0.545 -0.005 HK Land 5.940 +0.140 Stock name Close Change HPH Trust US$ 0.650 +0.005
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    • 2036 22 Transaction date: Dec 6 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 5.69 -0.12 ***** Anhui Conch unch Anhuiexpresswa 4.57 -0.04 176 Asia Satellite 30.60 0.20 7 Asm Pacific -0.04 Avic Ihl Baiyunshan Ph Bank Of China 3.73 0.04 *****5 Bank Of E Asia 33.85 0.05
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    • 264 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 31.9 AVJennings A58 -2 25 61 57 57 59 3.6 6 4.7 214.7 52 31.5 Genting HK US$ US46 +3 ***** 46 43 45.5 46 3028.9
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    • 186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 9 2 0 0 0 5 9 2 Manufacturing 43 89 44 11 12 10 54 101 54 Commerce 15 41 18 9 8 1 24 49 19 Tpt/Stor/Comms 8 29 5
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    • 1005 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 123 107.1 ABF SG Bond ETF 112 unch 38 113 112 112 113 511.3 143 127.7 CIMB APAC Div 100S$D 129 +1.1 2 129.6 129 126.6
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    • 123 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 64,917 64,917 278,075 278,075 Manufacturing 755,086 263,194 1,018,280 458,390 12,206 470,596 Commerce 601,439 2,006,797 2,608,236 426,938 151,715 578,653 Tpt/Stor/Comms 459,855 53,191 513,046 753,535 6,556 760,091 Finance 335,927 396 336,323 835,996 134 836,130 Construction 263,320 338,433
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    • 26 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 731 23 Dec 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.54 *****.37 *****.54 Dec13 *****.00 *****.00 *****.00 *****.00 *****8 *****1 Mar14 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 294.13 295.97 293.74 Dec13 294.10 295.80 293.30 294.70 ***** *****1 Jan14 293.70
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    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr Dec 6 Index Change Change Change Change Change Change World Preliminary 1149.0 0.8 22.5 0.5 23.2 0.8 20.4 EAFE Preliminary 922.2 0.5 19.1 0.3 17.9 0.6 15.2 Europe Preliminary 1309.4 0.7 14.1
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    • 471 23 Dec 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.965 5.507 0.663 7.021 55.815 108.529 0.924 9.581 2.924 1.106 98.135 39.795 1.135 9.477 0.812 26.792 29.279 0.554 0.905 Canada 1.036 5.704
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    • 40 23 Dec 6 (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.***** 3 mths Source: Thomson Reuters
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    • 88 23 Dec 6 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-16 101.6 101.70 101.63 5-Year N*****0T 0.5 01-Apr-18 98.69 98.80 98.80
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    • 136 23 Dec 06 GOLD(US$/oz) Dec 06 Dec 05 Hong Kong 1237.00 1241.00 Dec 06 Dec 05 London 1235.30 1227.54 1235.80 1228.76 Source: Thomson Reuters CAST BAR Dec 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 112 50 5gm 317 248 10gm 566 495
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    • 57 23 Dec 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2620.0 2629.0 2628.0 2590.0 344 2092 Jan 14 2633.0 2658.0 2662.0 2620.0 2595 ***** Feb 14 2645.0 2670.0 2673.0 2630.0 ***** ***** Mar 14 2650.0 2673.0
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    • 155 23 Dec 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1352 1.1355 0.9053 0.9054 Canadian dollar 1.1758 1.1763 0.9380 0.9376 Euro 1.7131 1.7136 1.3661 1.3664 NZ dollar 1.0263 1.0270 0.8184 0.8189 Sterling pound 2.0487 2.0493 1.6337 1.6341
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    • 109 23 Dec 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1325.50 1328.00 1328.00 1316.50 Mar 14 1310.50 1311.75 1311.50 1301.50 May 14 1296.50 1297.25 1297.50 1288.25 Jul 14 1287.75 1289.75 1289.25 1280.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • 94 23 Dec 6 COCOA (£/tonne) Close Prev High Low Dec 13 1742 1716 1752 1714 Mar 14 1762 1733 1773 1731 May 14 1760 1731 1770 1729 Jul 14 1758 1728 1768 1728 COFFEE(US$/tonne) Close Prev High Low Jan 14 1721 1686 1725 1685 Mar 14 1694 1656 1698 1654
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    • 1181 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 27.5 2.5 239 0.0 5 -81 55 Asia-Pacific Strategic W*****6 0.4 1 123 366 66.25 5 Ratio Albedo Limited W*****9 Price Ascendas Reit MB ECW*****3 Disc Asiatic Grp(Hldgs)
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    • 70 23 CRUDE OIL PRODUCTS Dec 05 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.41 -0.96 WTI (Near Mth) 97.54 0.42 Dubai (1-Mth F) 107.45 -0.30 Tapis blend 117.65 -0.46 Minas 111.45 -0.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.72 -0.78 Jet Kerosene 127.95 -0.15 US$/barrel OpecOil Basket
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    • 22 23 Dec 6 S$ Bid Offer 1-month 1.2540 1.2541 2-months 1.2539 1.2540 3-months 1.2539 1.2540 6-months 1.2535 1.2537 Source: OCBC
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    • 65 23 Dec-06 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1734.75 1714.00 3 months 1779.00 1758.00 Copper, Grade A(US$/tonne) Cash 7119.75 7064.75 3 months 7122.00 7069.00 Lead(US$/tonne) Cash 2066.75 2058.25 3 months 2093.50 2085.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 121 23 As at 9am Dec 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.162 1.107 Can dollar 1.198 1.152 Euro 1.753 1.670 Sterling pound 2.086 2.006 NZ dollar 1.054 1.014 US dollar 1.279 1.219 Local dollars to 100 units of foreign
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    • 157 23 Dec 6 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.05 US$ 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
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    • 18 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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    • 183 26 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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    • 5 27 NOW! *****620 or Email: sales@exhibitsinc.com.sg
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 803 28  -  Piecemeal initiatives result in poor adoption and outcomes among organisations: HDS By KEVIN KWANG SHORT-TERM thinking, resulting in piecemeal big-data projects being rolled out, and an organisational culture that results in a lack of communication between departments, leading to information silos. These are some
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    • 329 28  -  By MINDY TAN tanmindy@sph.com.sg PATRICK Grove’s iBuy Group is looking to raise about A$37 million (S$42 million) via an initial public offering (IPO) on the Australian Stock Exchange, as it embarks on a series of acquisitions to take on a portfolio of
      329 words
    • 630 27  -  It believes more firms in Asia-Pac will start mining sensorgenerated data By KEVIN KWANG BIG data, analytics and the Internet of Things (IoT) dominate IDC Asia-Pacific’s top 10 predictions for the enterprise space and technology industry, in particular, for 2014. These are
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    • 1262 27  -  <cool stuff> AMIT ROY CHOUDHURY amit@sph.com.sg Technology Editor THIS Christmas, if you are an Apple fan looking for the latest-model tablet, you would have two choices: the iPad Air or the smaller iPad Mini, both with Retina display. Except for the difference in screen size
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    • 545 27 AFP [PARIS] The global video gaming market is set to grow 11.1 per cent a year until 2017, boosted by a new generation of consoles and the increasing popularity of online games, according to IDATE digital research and consultancy firm. The
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