The Business Times, 14 January 2014

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Microfilm: NL32957
Total Pages: 28
1 28 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, January 14, 2014
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  • Article, Illustration
    Lock icon Thai markets cheer possible delay in elections
    737 1  -  But postponement may not placate protesters bent on PM quitting By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Thai stocks rallied from earlier losses yesterday and the baht strengthened slightly at the end of a day when tens of thousands of anti-govern-ment protesters began their so-called
    PHOTO: AFP  -  737 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,135.49 (-8.38) HST INDEX FUTURES 3,135.00 (-8.00) HSIMSCI 358.63 (-1.04) HSIMSCI FUTURES 358.00 (-1.20) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.648 2.085 EURO (US$/S$/€ 1.368 1.730 Foreign currency per US$ S$ YEN 103.40 81.80 RM 3.261 2.578 HK$ 7.755 6.131 BAHT 33.00 26.09 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Monday Change KL COMP 1,834.97 +8.36 NIKKEI 225 Closed HANG SENG 22,888.76 +42.51 SET INDEX 1,283.56 +28.11 JAKARTA COMP 4,390.77 +135.80 MANILA COMP 5,940.67 +97.79 SEOUL COMP 1,948.92 +10.38 SHENZHEN B 837.39 -5.61 MUMBAI IND 21,134.21 +375.72 11am EST Change DOW 16,429.38 -7.67 NASDAQ 4,178.34 +3.68
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.38 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 14.597 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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  • Article
    Lock icon COE quota to be fixed every 3 months from Feb
    464 1  -  Shorter period will make system more responsive to de-registrations: LTA By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The six-monthly quota for certificates of entitlement (COE) will be shortened to three months starting from next month. Announcing the change yesterday, the Land Transport
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      109 1 COMPANIES OCBC seen securing funds for HK bid SME Inc Great deals from The Luxe Nomad COMMENTARY Will S’pore tax incentives meet new global standard? PAGE 18 PROPERTY First GCB deal for 2014 PAGE 27 PAGE 4 PAGE 9 8"*****1"*****4 RICHARD MILLE A RACING MACHINE ON THE WRIST BOUTIQUE RICHARD
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  • TOP STORIES
    • Article, Illustration
      Lock icon Decision on public transport fare adjustments on Thurs
      258 2 [SINGAPORE] The Public Transport Council (PTC) will release its decision on fare adjustments for public transport this Thursday, said Minister for Transport Lui Tuck Yew in a Facebook post yesterday. “I told (PTC chairman Gerard Ee) that the government was ready with
      FILE PHOTO  -  258 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      606 2 Thai markets cheer possible delay in elections THAI stocks rallied from losses and the baht strengthened slightly at the end of a day when tens of thousands of protesters began “Bangkok shutdown”. FRONT PAGE COE quota to be fixed every three months from Feb THE six-monthly quota for
      606 words
    • Article
      Lock icon SMEs upbeat on H1 business prospects: poll
      553 2  -  But they indicate lower likelihood of increasing staff strength By JACQUELYN CHEOK jaccheok@sph.com.sg [SINGAPORE] Small and medium-sized enterprises (SMEs) here are expecting to start the new year on a bright note, citing upbeat growth expectations for turnover and profit in the first half
      553 words
    • Article
      Lock icon Give the big picture for land transport
      679 2  -  Car dealers feel piecemeal announcements being made every few months COMMENTARY By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] IF the Land Transport Authority (LTA) were to write a movie script, chances are it would be a box office hit. Because the way it goes about
      679 words
    • Article, Illustration
      Lock icon Private resale home prices slip further
      661 2  -  By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Prices of private resale homes extended their decline in December for a fourth straight month, led by falls in the core central region (CCR), flash figures released yesterday by the Singapore Real Estate Exchanges (SRX) showed. This trend is
      FILE PHOTO  -  661 words
    • Article, Illustration
      Lock icon CIMB to raise up to RM3.6b
      549 3  -  Outplacement of 400m new shares will be at between RM7.10 and RM7.25 apiece By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S second largest lender, CIMB Group Holdings, could raise up to RM3.6 billion (S$1.4 billion) by placing out new shares, including a sizeable option, to
      FILE PHOTO  -  549 words
    • Article, Illustration
      Lock icon Bond redemption concerns: auditor in the dark
      804 3  -  She says she was told CHC would be beneficial owner CITY HARVEST CASE By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Several City Harvest Church (CHC) members manipulated deals relating to multimillion-dollar bond transactions undertaken by the church, without the knowledge of their external auditor, evidence
      Source: Prosecution’s opening statement  -  804 words
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      150 3 Lead with one of the top MBAs in the world. It’s possible, r The University of Nottingham UNITED KINGDOM CHINA MALAYSIA Top 100 MBAs in the world by Economist Intelligence Unit “Which MBA?” (2012) AMBA and EQUIS accredited Whether you are seeking a change in career direction, wanting to accelerate
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC seen securing funds for HK bid
      561 4  -  Prudent cash management points to a combination of cash and debt By SIOW LI SEN lisen@sph.com.sg OCBC Bank is said to be getting its war chest ready for a proposed takeover of Hong Kong’s Wing Hang Bank and talking to several banks about
      PHOTO: BLOOMBERG  -  561 words
    • Article, Illustration
      Lock icon OCBC raising Ningbo stake to maximum 20%
      400 4  -  S’pore bank seen increasing holding via private placement By SIOW LI SEN lisen@sph.com.sg OCBC Bank is increasing its presence in China to get a larger slice of the action in the world’s second-largest economy. Even as it holds talks to acquire Hong Kong’s
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    • Article
      Lock icon Next-Gen buys stake in China firm for $27.6m
      223 4  -  By JOYCE HOOI joyceh@sph.com.sg NEXT-Generation Satellite Communications (Next-Gen) is set to expand into mobile-content development and distribution in China. The satellite communications firm announced yesterday that, as part of this expansion, it will buy a 75 per cent stake in Star Chariot
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    • Article
      Lock icon Loan recovery: China Sky CEO wins second suit
      654 5  -  High Court rejects business associate’s claim settlement was ‘tainted by illegality’ By GRACE LEONG gleong@sph.com.sg A HIGH COURT judge has ruled in favour of China Sky CEO Ling Yew Kong in a second suit filed by him to recover a $330,000 loan
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    • Article
      Lock icon ST Engg’s electronics unit clinches $593m of contracts in Q4
      350 5  -  Deals include ICT solutions, intelligent transport systems By LEE MEIXIAN leemx@sph.com.sg SINGAPORE Technologies Engineering’s electronics arm, ST Electronics, secured about $593 million worth of contracts in the fourth quarter of last year. Of this, $353 million comes under advanced electronics
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    • Article, Illustration
      Lock icon Lian Beng’s H1 profit falls 13.2% despite revenue rise
      261 5  -  By JOYCE HOOI joyceh@sph.com.sg LIAN Beng Group posted a half-year profit of $16.7 million, a 13.2 per cent decrease year-on-year as other operating income fell and expenses rose for the period ended Nov 30, 2013. This fall in profit attributable to
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    • Article
      Lock icon Cheung Woh recovers with $1.56m Q3 profit
      231 5  -  By RAPHAEL LIM raphlim@sph.com.sg CHEUNG Woh Technologies returned to the black for the third financial quarter with a $1.56 million net profit. The company, which supplies precision hard disk drive (HDD) components, earned 0.51 cent per share for the three months ended Nov
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    • Article
      Lock icon UEL in water deal with Sichuan industrial park
      295 7  -  It will provide total water solution to textile park, which can house more than 1,000 firms By CARINE LEE carinel@sph.com.sg UNITED Envirotech Ltd (UEL) has inked an agreement to provide a total water solution to a textile industrial park in Guangan, in
      295 words
    • Article, Illustration
      Lock icon Power Assets cuts size of trust IPO to US$3.6b
      547 7 Move comes after lower-than-expected valuation of firm Reuters [HONG KONG] Li Kashing’s Power Assets Holdings Ltd slashed the size of a Hong Kong initial public offering (IPO) of its electricity business by nearly onethird to US$3.6 billion because of a lower-than-expected
      Reuters; PHOTO: BLOOMBERG  -  547 words
    • COMPANY BRIEFS
      • Article
        Lock icon Yoma plans Yangon trip for shareholders
        108 7 YOMA Strategic Holdings is organising a shareholders’ trip to Yangon, Myanmar, from March 21 to 23. As part of the itinerary, shareholders will visit some of the group’s property development projects in Yangon, Yoma Strategic said yesterday. This trip, however, will take place only
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      • Article
        Lock icon Miyoshi unit to buy Jiangsu property
        90 7 WUXI Miyoshi Precision, a subsidiary that is indirectly wholly owned by Miyoshi Precision Limited, has agreed to buy a piece of land in Jiangsu, China, along with the three factory buildings on it for 20.54 million yuan (S$4.3 million). The piece of land spans
        90 words
      • Article
        Lock icon Duty Free’s Q3 net profit down 10.2%
        99 7 DUTY Free International posted a 10.2 per cent fall in net profit from continuing and discontinued operations to RM17.2 million (S$6.7 million) for the third quarter ended Nov 30, 2013, from RM19.1 million a year ago. Revenue grew 15.7 per cent to RM153.8
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      • Article
        Lock icon Magnus’ Antig sells subsidiary
        98 7 ANTIG Investments Pte Ltd, a wholly owned subsidiary of Magnus Energy Group, has agreed to sell Wallmans Limited to Enchante Services Inc for a consideration of about S$2.87 million. Wallmans, a company incorporated in the British Virgin Islands, is a wholly owned subsidiary of Antig Investments.
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      54 4 The Straits Times looks back at 2013 and forward to 2014 in an interactive e-book +Essays by Cheong Suk-Wai 2013 a year of trust, new leaders and fallen heroes 2014 happier kids and more personal privacy Sponsored by FREEDownload ST100 now from the App Store Recommended for iPad 2 and
      54 words
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      Lock icon Page 5 Advertisements Column 1
      115 5 What s the Tenet Sompo Promise? We’re in the business to bring you peace of mind. That’s our promise. At Tenet Sompo Insurance, our customers come before our business. We strive to be the premier insurer in Singapore who will do more than meet your protection needs. We’ll always be
      115 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Small-cap a giant force on tepid day
      588 6  -  Albedo sees $88.2m of trades, almost double the $44.3m for the next most liquid stock OCBC STOCKS KENNETH LIM kenlim@sph.com.sg Correspondent SINGAPORE stocks continued to retreat yesterday, with small caps dominating activity following weak US employment numbers over the weekend. The Straits Times
      Source: Bloomberg  -  588 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 6 Jan 13 VALUE CLOSE BT OB/OS -172.00-118.00 BT CADI -*****.00 -91.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 718.32 -1.78 FTSE ST Small Cap 541.47 -3.94 FTSE ST All Share 761.85 -2.28 FTSE ST China Top 201.65 -0.39 FTSE ST China 228.84 -0.66 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Albedo 1,389,991,000 WE Hldgs 221,806,000 HanKore 162,090,000 KLW Hldgs 110,750,000 Memstar 101,890,000 CCM Grp 78,984,000 Federal Int 75,034,000 CCM Group W*****0 74,067,000 Charisma Energy 57,594,000 GSH Corp 51,129,000 VALUE($) Albedo 88,194,352 OCBC Bk 44,335,420 DBS Grp 39,300,850 SingTel 38,494,945 UOB 26,025,480 Keppel Corp 23,607,740 Golden Agri
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 8 5 0 0 0 2 8 5 Manufacturing 39 50 43 5 7 14 44 57 57 Commerce 21 26 17 1 6 3 22 32 20 Tpt/Stor/Comms 3 24 9
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Frasers Centrepoint
        430 6 Jan 13 close: S$1.67 CIMB Research, Jan 11 WE believe Frasers Centrepoint (FCL) is significantly underpriced, backed by its portfolio of undervalued assets with redevelopment potential and S$3.2 billion presales yet to be booked. The capacity to lift its asset recycling/assets under management (AUM) platform is considerable with
        Source: Bloomberg  -  430 words
      • Article
        Lock icon Ezra Holdings
        507 6  -  Compiled by KENNETH LIM Jan 13 close: S$1.27 Phillip Securities Research, Jan 13 EZRA’S Q1 2014 “reported” net earnings of US$6.3 million were lower by 6 per cent y-o-y despite total sales rising by 22 per cent y-o-y. This was mainly due to lower gross margins, other operating
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 51,834 51,834 45,606 45,606 Manufacturing 304,327 196,205 500,532 108,290 7,846 116,136 Commerce 230,981 1,694,690 1,925,671 56,000 109,708 165,708 Tpt/Stor/Comms 70,640 2,137 72,777 95,581 240 95,821 Finance 30,071 496 30,567 119,033 135 119,168 Construction 52,030 144,087
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.930 -0.005 CapitaLand 2.950 -0.010 CapitaMall 1.865 CityDev 9.510 +0.010 ComfortDelGro 2.030 +0.030 DBS Grp 17.250 -0.120 GLP 2.920 Genting SP 1.495 +0.010 Golden Agri 0.530 HK Land 6.240 -0.010 HPH Trust US$ 0.675 JMH 54.100 +0.490 JSH 32.870 -0.230 Jardine
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    • Article, Illustration
      Lock icon Yen hits strongest level in three weeks
      469 6 CURRENCIES Bloomberg [SINGAPORE] The yen yesterday climbed to the strongest in three weeks after bearish bets slid to a six-week low and as investors weighed the outlook for a reduction in Federal Reserve monetary stimulus before policymakers speak this week. The Bloomberg Dollar
      Bloomberg; PHOTO: BLOOMBERG  -  469 words
    • Article
      Lock icon RISES
      115 6 BY CENTS CLOSE UP GLD 10US$ ***** 160.6 1.1 Lyxor Indonesia10US$ 7304 131.5 1.4 SPDRS S&P 500 10US$ ***** 129.0 0.6 DBXT MSINDO 10us$ 1210 111.3 7.8 JMH 5410 62.0 0.9 Lyxor MS India 10US$ 1324 43.0 2.6 DBXT iBoxxSing 5SG$ ***** 25.0 0.2 DBXT S&P500 10US$ 3040 21.5
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    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN JSH 3287 -29.1 -0.7 DBXT S&P Short 10US$ 2609 -24.0 -0.7 DBXT MSTHAI 10US$ 1693 -13.9 -0.6 Lyxor China H 10US$ 1360 -12.6 -0.7 DBS Grp 1725 -12.0 -0.7 SembCorp Ind 531 -11.0 -2.0 Ezra 127 -7.0 -5.2 DBXT FTVietnam 10US$ 2533 -6.3 -0.2 DBXT
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      95 7 LIC’s Wealth/Plus A SINGLE PREMIUM ENDOWMENT PLAN 1.60% Guaranteed Yield Per Annum Policy Term: 5 Years Capital Fully Guaranteed At Maturity Limited Period O ffer! For details call *****797 Mail to enquiry@licsingapore.com Visit us at www.licsingapore.com The above product is only distributed by appointed Licensed Financial Advisers in Singapore. Please
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      234 7 FUTURE^ iitm tt i a CHINA I ADVANCED LEADERS PROGRAMME Grooming future leaders to China-ready, Cmna-sawy and Connected y This course has more than exceeded my expectations. It is insightful, interesting and in-depth. These three things sum up what the course is all about. 11 Benjamin Ow Assistant to Executive
      234 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Tax professional body: simple measures best
      425 8  -  Raising productivity not necessarily about big investments: SIATP BUDGET 2014 By JOYCE HOOI joyceh@sph.com.sg AHEAD of Budget season, tax professionals have prescribed measures that boost productivity but stop short of rocket science. According to the Singapore Institute of Accredited Tax Professionals (SIATP), comments gathered
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    • Article
      Lock icon MOM: Itemised payslips to be mandatory in two years
      405 8  -  By TEH SHI NING tshining@sph.com.sg THE Ministry of Manpower (MOM) wants to make itemised payslips compulsory within the next two years, and yesterday issued guidelines to prepare employers for this. The guidelines, which MOM developed with the National Trades Union Congress
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon New exec director for Singapore Compact
        131 8 SINGAPORE Compact for Corporate Social Responsibility (Singapore Compact) named Christopher Ang Mui Tuang as its new executive director, with effect from Jan 3. Mr Ang took over from former unionist Thomas Thomas, who continues to head the Asean CSR Network. Mr Ang was recently
        131 words
      • Article
        Lock icon Asme gets new executive director
        52 8 ROLAND Chan has been appointed executive director of the Association of Small and Medium Enterprises (Asme). He will be responsible for Asme’s Secretariat, initiatives and programmes. Mr Chan has spent more than 22 years in the financial industry, where he helmed successful local and foreign-owned
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      • Article
        Lock icon Help for shop owners in Pasir Ris-Punggol
        95 8 MICRO enterprises or neighbourhood shops in Pasir Ris-Punggol Group Representation Constituency (GRC) will have a further channel to give feedback to the government. A merchants’ committee will be formed at the GRC level under the Peoples’ Association (PA), Minister of State for Trade
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    • Article, Illustration
      Lock icon ChildAid Asia concert in Tokyo marks 40 years of Asean-Japan ties
      938 8  -  Talents from S’pore, Japan, Indonesia and Malaysia performed By FELDA CHAY feldac@sph.com.sg THEY are young, speak different languages and rehearsed just four times with each other, but this did not stop the 126 performers from Singapore, Japan, Malaysia and
      PHOTO: THE OLD PARLIAMENT HOUSE LTD  -  938 words
    • Article, Illustration
      Lock icon Mundipharma awarded EDB’s regional HQ status
      457 8  -  By RAPHAEL LIM raphlim@sph.com.sg PHARMACEUTICAL company Mundipharma has been awarded the regional headquarters (RHQ) status by the Economic Development Board (EDB) under its headquarters programme. The company, known for its Betadine range of antiseptics, said yesterday that Singapore would be its base for its
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  • SME Inc
    • Article, Illustration
      Lock icon Great deals from The Luxe Nomad
      1568 9  -  In 2012, model-turned-entrepreneur Stephanie Chai knew little about the hospitality industry. But armed with the seed of an idea to sell hotel and resort accommodation online at special rates for limited periods to its pool of members, she launched The Luxe Nomad. The site
      PHOTO: YEN MENG JIIN  -  1,568 words
    • Article
      Lock icon Only you know the right time to start a business
      1080 9  -  COMMENTARY By BALA VISSA INDIA’S hospitals are notoriously overburdened. Many patients suffering from routine ailments and requiring routine treatments end up in them because local doctors are scarce, especially in rural areas, where two-thirds of the population reside. Much of
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    • Article, Illustration
      Lock icon Board diversity delivers results
      1072 10  -  Improvement in corporate governance and financial performance, as measured by return on assets and return on equity: NUS study By NARENDRA AGGARWAL COMPANIES that appoint women directors to their boards deliver better results in terms of corporate governance and financial performance, a study by the NUS
      STOCK XCHNG; Source: NUS Business School  -  1,072 words
  • Page 9 Advertisements
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      65 9 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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      80 10 U) budget tour Planners pecialistfor Company Trips rust Our Knowledge For Jl Your Travel Needs A j Beyond Expectations Services Include; Company Incentive Trips Church Retreat Packages Free Easy Air Packages Customised Pilgrimage Tours Malaysia Coach Tours Local Sightseeing Tours Coach Hire (Singapore Malaysia) Cruises BudgetTour Planners Pte Ltd 51
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      59 10 Looking to showcase and sell your Food Products, Cooking Solutions, Kitchen Appliances Accessories? NOW! *****620 or Email: sales@exhibitsinc.com.sg Organised By: Our Food Shows: (Organiser of IT Show, Food Beverage Fair, COMEX, World Food Fair, Consumer Electronics Exhibition and Food Kitchen Show) BLOCK 8, LORONG BAKAR BATU #07-07, S (*****3) TEL:
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      52 10 MWs ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111am 9pm BOOK NOW! Limited Booths available! m i I w For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere A SUBSIDIARY
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      1 10 Hospitality&TourismConference2014
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Planned sukuk sales at new highs
      752 11 Firms want to raise funds before US Fed tapering drives up borrowing costs Bloomberg [KUALA LUMPUR] Planned sukuk sales in Malaysia for January are already double those completed in the same month last year as companies seek to raise funds before US stimulus tapering
      Bloomberg  -  752 words
    • Article, Illustration
      Lock icon Rupiah gains, stocks rally on softer ore export ban
      676 11 Progressive tax to regulate mineral concentrate exports Bloomberg Reuters [JAKARTA] Indonesia’s rupiah rose the most in six weeks and the stock index had its biggest rally since September after an ore export ban was diluted. President Susilo Bambang Yudhoyono signed a
      Bloomberg; Reuters; PHOTO: BLOOMBERG  -  676 words
    • Article
      Lock icon Former M’sian minister acquitted of cheating
      214 11 [KUALA LUMPUR] Former Transport Minister Chan Kong Choy has been acquitted by the Malaysian High Court of cheating charges in the Port Klang Free Zone case. Mr Chan was acquitted after the prosecution withdrew the charges against him yesterday, after the At-torney-General's Chambers reviewed
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      37 11 Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of NSL Ltd. (the “Company”) will be held at Bridge Rooms 1, 2 Ordinary Resolution ~~NSC~~~ ~Agreement”), be and is hereby its behalf.
      37 words
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      Lock icon Page 11 Advertisements Column 2
      413 11 >®' WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LIM SENG HUAT (2011) PTE. LTD. (Company No: *****5055G) (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308
      413 words
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      531 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SIN NAM WAH BROTHERS TRADING CO. PTE. LTD. (Co Registration No. *****0603D (Incorporated in Singapore) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of Sin Nam Wah Brothers Trading Co. Pte Ltd,
      531 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Five more Chinese firms postpone IPOs
      899 12 Suspensions a setback for Beijing’s reformist drive to let market determine share prices Reuters [SHANGHAI] Five Chinese companies yesterday said that they were postponing initial public offerings (IPOs), in a blow to Beijing’s reformist drive to give market forces a “decisive” role in the
      Reuters  -  899 words
    • Article, Illustration
      Lock icon China car market seen cruising to another strong year
      790 12 Reuters [SHANGHAI] The world’s biggest auto market will likely sustain the momentum it regained in 2013, helped by an anticipated array of economic stimulus measures and robust demand for cars in smaller cities of China’s interior regions, according to industry executives
      Reuters; PHOTO: BLOOMBERG  -  790 words
    • Article, Illustration
      Lock icon Voter anger over inflation may cost Congress dearly
      732 12 Party seen losing if national elections were held now Bloom berg [NEW DELHI] Indian Prime Minister Manmohan Singh’s ruling party would lose a national election if it were held today because of voter anger over the highest inflation in Asia, a former
      Bloomberg; PHOTO: AFP  -  732 words
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      36 12 CONGRATULATIONS TO THE WINNERS OF THE LATEST StraitsTimesCarOfTheYear VOLKSWAGENGOLF BestSportsUtilityVehicle RANGEROVER BestExecutiveSaloon LEXUSIS BestStationWagon AUDIRS4AVANT BestFamilySaloon KIAFORTEK3 BestNotchbackCoupe BMW4SERIES BestSportsCar(Convertible) JAGUARF-TYPE BestHotHatch BMWM135i BestSportsCar(Coupe) PORSCHECAYMAN Read about Singapore’s best cars of 2013 in torqueJanuary 2014 issue!
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  • WORLD
    • Article, Illustration
      Lock icon Jakarta’s ban on ore exports may benefit Philippine miners
      1022 13 Nickel Asia sees demand and prices for Philippine supplies increasing Bloomberg [MANILA] The ban on mineral ore exports from Indonesia, the world’s biggest nickel producer, is poised to benefit miners in the neighbouring Philippines, who are predicting an increase in sales.
      Bloomberg; PHOTO: REUTERS  -  1,022 words
    • Article, Illustration
      Lock icon Park to pursue unification amid flagging interest
      1037 13 She plans campaign extolling business opportunities from it Bloomberg [SEOUL] President Park Geun Hye, who became South Korea’s first woman leader by promising a more “creative economy”, begins her second year vowing to pursue the unprecedented prosperity that she said will result from
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    • Article
      Lock icon Manila raises inflation watch
      236 13 Bloomberg [MANILA] The Philippines is stepping up its inflation watch as recent peso weakness boosts risks, central bank governor Amando Tetangco said, signalling that policy makers could have less room to hold interest rates at a record low. “Inflation is expected to be within target, but
      Bloomberg  -  236 words
    • Article
      Lock icon Telstra to sell Sensis stake for A$454m
      551 13 Bloomberg [SYDNEY] Telstra Corp, Australia’s largest phone company, will sell a majority stake in its Sensis directories and business listings division to Platinum Equity LLC for A$454 million (S$519 million). The Melbourne-based company will retain a 30 per cent share of the unit,
      Bloomberg  -  551 words
    • Article, Illustration
      Lock icon Growth seen firming in OECD nations
      505 14 Outlook more mixed for the major emerging economies Reuters AFP [PARIS] The outlook for advanced economies is improving as momentum shifts up a gear in the cri-sis-weary eurozone, the OECD’s monthly leading indicator showed yesterday. The Paris-based Organisation for Economic Cooperation and Development said
      Reuters; AFP; PHOTO: REUTERS  -  505 words
    • Article
      Lock icon Movie sales to pay-TV broadcasters under probe by EU
      307 14 Bloomberg [BRUSSELS] Rupert Murdoch’s 21st Century Fox Inc, Time Warner Inc’s Warner Brothers unit and three other movie studios face a European Union antitrust probe into licensing deals with pay-TV broadcasters including British Sky Broadcasting Group Plc and Vivendi SA’s Canal
      Bloomberg  -  307 words
    • Article
      Lock icon Target to make major changes after data breach
      277 14 Re uters [NEW YORK] Target Corp plans to make “significant changes” in light of the data breach during the holiday shopping season when hackers stole personal information of millions of customers, the US retailer’s chief executive said in an interview with CNBC
      Reuters  -  277 words
    • Article
      Lock icon UK assures on debt ahead of Scottish vote
      422 14 It says it still expects Scotland to pay its share of £1.2t debt Bloomberg [LONDON] The UK Treasury will assume full responsibility for Britain’s £1.2 trillion (S$2.48 trillion) debt if Scottish voters back independence in a referendum in September. The British government
      Bloomberg  -  422 words
    • Article, Illustration
      Lock icon ‘12 Years a Slave’ wins best drama
      741 14 Hollywood awards season kicks off; Oscars on March 2 Reuters [BEVERLY HILLS] The film 12 Years a Slave took the coveted Golden Globe for best drama and American Hustle won best musical or comedy in a kick-off to the Hollywood awards season that
      Reuters; PHOTOS: AFP, REUTERS  -  741 words
    • Article
      Lock icon Suntory to buy Beam for US$13.6b in cash
      239 14 Reuters [LONDON] Suntory Holdings Ltd yesterday said that it plans to buy Beam Inc, paying US$13.6 billion in cash for the shares to make the Japanese company the world’s third largest maker of distilled drinks. Including the assumption of Beam’s debt, the
      Reuters  -  239 words
    • Article
      Lock icon Banks challenge meaning of ‘own’ in Volcker Rule
      985 15 Definition of owning a hedge fund or PE fund is defined too broadly, they say Bloomberg [NEW YORK] US banks are seeking to limit the reach of the Volcker Rule by challenging its definition of what it means to own a hedge
      Bloomberg  -  985 words
    • Article
      Lock icon Regulators finalise bank leverage rule
      486 15 Bloomberg [BRUSSELS] Global regulators diluted a planned debt limit for banks, amid warnings that the measure would penalise low-risk activities and curtail lending. The measure, known as a leverage ratio, was adjusted after “thoroughly analysing bank data”, the Basel Committee on Banking Supervision said in
      Bloomberg  -  486 words
    • Article, Illustration
      Lock icon US retail trade group backs higher-security cards
      834 15 Calls grow to protect consumer data after recent data breaches Reuters [NEW YORK] A top retail trade group executive has called for tougher security standards that could mean more spending for the industry, its banks and business partners after a series of data
      Reuters; PHOTO: BLOOMBERG  -  834 words
    • Article, Illustration
      Lock icon Internet of Things vision meets reality of Washington’s pace
      743 15 User safety and data security regulators’ primary concerns Bloomberg [WASHINGTON] The futuristic world of self-driving cars, eyeglasses that e-mail and trash cans that call for pick-up is running into the old-fashioned pace of doing business in Washington. Companies from Google Inc
      Bloomberg; PHOTO: BLOOMBERG  -  743 words
    • Article, Illustration
      Lock icon Crisis hangover traps best-rated euro nation
      627 16 Finland sees jobs disappearing and debt rising in austerity drive Bloomberg [HELSINKI] As the euro area surfaces from its worst crisis on record, the bloc’s best-rated member and a key proponent of austerity is losing jobs and gaining debt. The challenges facing Finland a
      Bloomberg; PHOTO: REUTERS  -  627 words
    • Article
      Lock icon Financial jobs in London up for first time in 2 years
      597 16 Hike reflects banks’ move to expansion from restructuring Reuters [LONDON] The number of new financial services jobs in London rose for the first time in almost two years last month, research showed yesterday, which recruiters said was a sign
      Reuters  -  597 words
    • Article, Illustration
      Lock icon Portugal plans bond sales through auctions
      872 16 Bloomb erg [LISBON] Portugal’s Secretary of State for Treasury Isabel Castelo Branco said that she “estimates” it will be possible for the country to sell bonds through auctions before its bailout programme ends in the middle of May. “It’s above all a sign that
      Bloomberg; PHOTO: BLOOMBERG  -  872 words
    • Article, Illustration
      Lock icon UK goes ‘all out for shale’, tax break promised
      373 16 AFP [LONDON] British Prime Minister David Cameron yesterday promised tax breaks worth millions of pounds to local councils who encourage shale gas development, declaring that the country was going “all out for shale”. Mr Cameron announced that local authorities in England
      AFP; PHOTO: REUTERS  -  373 words
    • Article
      Lock icon There are no plans to spin off investment bank, says UBS CEO
      302 16 Bloomberg [SHANGHAI] UBS chief executive officer Sergio Ermotti denied speculation that Switzerland’s biggest bank will spin off its investment banking business to meet regulators’ demands for holding more capital. “We are not considering that option,” Mr Ermotti, 53,
      Bloomberg  -  302 words
    • Article, Illustration
      Lock icon New growth drivers helping Spain overcome downturn
      790 17 Beyond the textile sector, cheaper outlays also boost carmaking industry Bloomberg [MADRID] Almost 10 years ago, Priviet Sportive was losing business to Chinese suppliers. These days, the Spanish clothes designer is snatching orders back as falling wages at home let it produce garments
      Bloomberg; PHOTO: BLOOMBERG  -  790 words
    • Article, Illustration
      Lock icon Time running out for new CEO to turn ThyssenKrupp around
      695 17 Reuters [FRANKFURT] Three years after taking the helm at ThyssenKrupp, Heinrich Hiesinger is running out of time to implement his ambitious plan to retool the 200-year-old German steelmaker as a high-tech engineering conglomerate. Setbacks in selling weak assets as well
      Reuters; PHOTO: REUTERS  -  695 words
    • Article
      Lock icon GE Capital to help retailers set up loyalty programmes
      767 17 NYT [NEW YORK] Its logo may not be prominent in stores, but GE Capital Retail Bank has a hand in the branded credit cards of tens of thousands of retailers, including J C Penney, Wal-Mart and the Gap. Now, the bank
      NYT  -  767 words
    • Article, Illustration
      Lock icon Hollande’s about-turn on corporate tax raising eyebrows
      713 17 Business leaders want concrete measures, given his credibility gap Bloomberg [PARIS] French president Francois Hollande may be changing his political spots. The Socialist leader’s plans to cut costs for companies prompted headlines in French newspapers last week that wonder if Mr Hollande, who
      Bloomberg  -  713 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      588 13 WATS NOTICES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 144 of 2012/K IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF AGV LTD. (In Liquidation) (Co. Reg. No. *****9983W) NOTICE OF MEETING OF CREDITORS Take notice that a meeting
      588 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon SMU’s move to diversify is a positive step
      507 18 EDITORIAL THE recent announcement by the Singapore Management University (SMU) to expand beyond being a businessfocused institution is a move in the right direction both for itself as well as for the wider higher-education landscape in Singapore. The university has said that
      507 words
    • Article, Illustration
      Lock icon Structural issues – crux of US job market problems
      719 18  - Structural issues crux of US job market problems THE BOTTOM LINE LEON HADAR Washington Correspondent IN 2013, the American economy added an average of 182,000 jobs per month, which was seen by observers as a sign of slow but consistent growth and an indication that the economic recovery was accelerating.
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    • Article, Illustration
      Lock icon Will S’pore tax incentives meet new global standard?
      966 18  -  OECD calls for greater transparency to counter harmful tax practices more effectively By JONATHAN STUART-SMITH, TAN BIN ENG The writers are Asia-Pacific Leader, Global Tax Desk Network, and Partner, Business Incentives Advisory, respectively at EY in Singapore. The views reflected in this
      PHOTO: BLOOMBERG  -  966 words
    • Article, Illustration
      Lock icon If I had a hammer...
      950 19  -  In the Second Machine Age that we are now embarking on, more and more cognitive tasks are being automated THOMAS FRIEDMAN ATT NYT MY favourite story in Erik Brynjolfsson and Andrew McAfee’s fascinating new book, The Second Machine Age, is when the Dutch chess grandmaster
      ATT NYT; PHOTO: BLOOMBERG  -  950 words
    • Article, Illustration
      Lock icon Will Modinomics save India?
      814 19  -  WILLIAM PESEK The writer is a Bloomberg View columnist. Bloomberg ASIA has grown inordinately fond of “-nomics”, slapping the suffix on grand-sound-ing growth programmes in such places as Japan, the Philippines, South Korea, Thailand and China. Thus far, the policies behind these monikers based on the
      Bloomberg; PHOTO: REUTERS  -  814 words
    • Article
      Lock icon Being European – and a sceptic
      787 19  - Being European and a sceptic By JOCHEN BITTNER NYT To avoid imploding, Europe must accept that there are places where the unification project has failed. MORE or less since its birth, the European Union has been a subject of apocalyptic talk a permanent crisis mode that has worked beautifully to
      NYT  -  787 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Asia-Pac airline passenger traffic up 5.5% in Nov
      416 20  -  It beat global figure of 4.1% growth, boosted by carriers in China and Japan By NISHA RAMCHANDANI nishar@sph.com.sg PASSENGER traffic for Asia-Pacific carriers rose 5.5 per cent year-on-year last November, beating the 4.1 per cent growth globally, bolstered by stronger performance in
      PHOTO: BLOOMBERG  -  416 words
    • Article
      Lock icon Baltic Dry Index down 11.37% following curbs by Colombia
      345 20 Rates for Capesize ships fall 27% to US$17,452 a day Bloomberg [LONDON] The cost of hauling coal and other commodities had its biggest one-day percentage drop on record after Colombia restricted some exports by Drummond Co, driving down cargoes from the
      Bloomberg  -  345 words
    • Article
      Lock icon TRANSPORT STOCKS
      236 20 SGX '000 Jan 13 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 unch 100 S$ Cwt Limited 1.36 -0.01 218 Vol First Ship Lea Grand Banks 0.22 unch 45 Jaya Hold Ltd 0.79 -0.01 1033 K1Ventures 0.19 unch 987 Keppel Corp 10.98 -0.05 2144 Mercator Lines..........unch unch
      236 words
    • Article, Illustration
      Lock icon Price cap will hurt growth: Heathrow
      739 20 Reuters [LONDON] London’s Heathrow warned it could struggle to grow its business after accusing the industry regulator of imposing a “draconian” cap on the prices Britain’s biggest airport can charge airlines. Britain’s Civil Aviation Authority (CAA) said on Friday it would insist that Heathrow
      Reuters; PHOTO: REUTERS  -  739 words
    • Article
      Lock icon American Airlines’ slots at Washington airport draw bids
      289 20 Reuters [NEW YORK] Airlines have submitted bids seeking to purchase takeoff and landing rights at Reagan National Airport that American Airlines Group is required to sell under an agreement with the US government, two sources familiar with the matter said. The sources
      Reuters  -  289 words
    • Article
      Lock icon Hapag-Lloyd close to buying Chilean carrier
      269 20 Reuters [FRANKFURT] German container shipping company Hapag-Lloyd is nearing a deal to buy Chilean carrier Compania Sud Americana de Vapores, a German newspaper reported. “We want to reach an agreement by the end of January,” a Hapag-Lloyd manager told Die Welt, according to a
      Reuters  -  269 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      343 20 CRYPTIC CROSSWORD Across 3 One importuning, say, in dishevelled garb (6) 6 Timeless meat dish that’s ready to eat (4) 8 Recreational area requiring a coat (5) 9 Fellow found among unusually nice cops in general (3-8) 10 Some left on galleon for islands (5) 11 Bottle shown by rugby
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  • Article
    Lock icon Shipping Times
    1379 21 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) VESSEL VOY SIN NOU SUVA AKL BUS MOTHER VESSEL NOU SUVA AKL BUS MAJURO APIA PAGO PAPEETE N’LOFA VILA SANTO TARAWA SOUTH PACIFIC SERVICE W W W.
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      28 21 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? the Business times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3064 22 Transaction date: Jan 13 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 14.4 11.5 8Telecom Vol AAT Last Quote Div Gr Yld Net 11.5 7 AEM High Low 188 106 AIMSAMPIReit Sale
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    • Article
      Lock icon SGX CATALIST
      290 23 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 Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller
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    • Article
      Lock icon GLOBALQUOTE
      258 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 33.4 AVJennings A57 unch 5 57 57 57 58 3.6 6.1 4.6 211 52 35.5 Genting HK US$ US44 +0.5 1861 44 43 43.5 44 2897.2
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    • Article
      Lock icon SGX ETF
      899 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122 108.3 ABF SG Bond ETF 113 23 113 113 113 113.3 515.8 143 124 CIMB APAC Div 100S$D 124 123.9 124.8 114.4 98.3 CIMB APAC
      899 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11424 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1.887/ China Opportunities 1 2 8019/ EM Local Ccy Bond *****/ European Opportunities 1 1 3152/ Global Emerging Markets 1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      722 24 Jan 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.15 *****.14 *****.70 Mar14 *****.00 *****.00 *****.00 *****.00 *****5 *****7 Jun14 *****.00 *****.00 *****.00 *****.00 7 1844 MSCI TAIWAN INDEX FUTURES SPOT 299.69 300.49 298.73 Jan14 297.70 301.00 297.50 298.90 ***** *****8 Feb14 297.90
      722 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 10 Index Change Change Change Change Change Change World Preliminary 1179.9 0.0 -0.4 -0.1 -0.3 0.3 -0.6 EAFE Preliminary 956.8 0.4 0.1 0.6 0.1 0.9 -0.3 Europe Preliminary 1360.4 0.6 0.4
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Jan 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.985 5.462 0.661 7.007 55.559 108.900 0.934 9.547 2.946 1.085 95.356 40.287 1.143 9.651 0.815 27.188 29.817 0.548 0.904 Canada 1.015 5.544
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    • Article
      Lock icon SIBOR
      34 24 Jan 13 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 24 Jan 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.61 101.63 101.60 5-Year N*****0T 0.5 01-Apr-18 97.67 97.73 97.73
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    • Article
      Lock icon PRECIOUS METALS
      138 24 Jan 13 GOLD(US$/oz) Jan 13 Jan 10 Hong Kong 1255.00 1242.00 Jan 10 Jan 09 London 1246.07 1226.40 1246.72 1227.05 Source: Thomson Reuters CAST BAR Jan 13 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 114 51 5gm 324 253 10gm 579 507
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    • Article
      Lock icon PALM OIL
      55 24 Jan 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2460.0 826 Feb 14 2499.0 2472.0 2509.0 2465.0 2759 ***** Mar 14 2515.0 2493.0 2531.0 2486.0 ***** ***** Apr 14 2524.0 2506.0 2541.0 2500.0 6204 *****
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Jan 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1424 1.1434 0.9035 0.9036 Canadian dollar 1.1594 1.1607 0.9173 0.9169 Euro 1.7294 1.7311 1.3678 1.3680 NZ dollar 1.0524 1.0534 0.8323 0.8325 Sterling pound 2.0839 2.0860 1.6481 1.6485
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    • Article
      Lock icon CHICAGO BOT
      109 24 Jan 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1303.75 1296.25 1320.00 1297.25 Mar 14 1278.50 1273.75 1297.00 1271.50 May 14 1260.00 1255.00 1276.00 1252.75 Jul 14 1246.00 1240.50 1258.75 1238.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
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    • Article
      Lock icon LIFFE
      94 24 Jan 10 COCOA (£/tonne) Close Prev High Low Mar 14 1733 1716 1735 1717 May 14 1724 1708 1725 1708 Jul 14 1721 1704 1722 1705 Sep 14 1716 1701 1718 1702 COFFEE(US$/tonne) Close Prev High Low Jan 14 1757 1743 1757 1720 Mar 14 1739 1727 1745 1711
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1133 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Disc Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit MB eCW*****1 2.8 0.2 210 3 Asiatic Grp(Hldgs)
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Jan 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.78 -1.11 WTI (Near Mth) 92.78 0.53 Dubai (1-Mth F) 103.22 -0.85 Tapis blend 112.76 -0.68 Minas 106.06 -0.68 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.28 0.53 Jet Kerosene 121.42 -0.46 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jan 13 S$ Bid Offer 1-month 1.2644 1.2654 2-months 1.2643 1.2653 3-months 1.2643 1.2653 6-months 1.2639 1.2650 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 24 Jan-10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1721.75 1705.00 3 months 1765.00 1750.00 Copper, Grade A(US$/tonne) Cash 7329.75 7236.25 3 months 7302.50 7213.00 Lead(US$/tonne) Cash 2094.75 2073.00 3 months 2119.00 2100.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Jan 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.163 1.108 Can dollar 1.180 1.135 Euro 1.768 1.684 Sterling pound 2.123 2.042 NZ dollar 1.073 1.032 US dollar 1.290 1.229 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 24 Jan 13 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • PROPERTY
    • Article
      Lock icon Sweden home supply tightest in 5 years
      430 25 Low interest rates, shortage of properties have pushed prices to record highs Bloomberg [STOCKHOLM] Sweden’s supply of apartments for sale fell to the lowest in at least five years as the pace of transactions accelerates, according to the Hemnet website. There were 6,613
      Bloomberg  -  430 words
    • Article
      Lock icon Property-rich Americans spending more
      879 25 Bloomberg [BOSTON] Americans flush with cash as they regain equity in their homes are spending more after years of pinching pennies. The share of owners whose homes are worth at least 50 per cent more than they owe on their mortgages rose to 18 per cent
      Bloomberg  -  879 words
    • Article, Illustration
      Lock icon Norway property market to struggle in 2014
      921 26 Builders will slow down construction work to reflect easing demand Reuters [OSLO] Norway’s overvalued housing market looks to have avoided a crash as the nation’s immense saved-up wealth cushioned the economy, but the property market is set to struggle in 2014. That could
      Reuters; PHOTO: REUTERS  -  921 words
    • Article
      Lock icon China can avoid Japan-style property bubble
      374 26 Policy fine-tuning and ongoing urbanisation are key, says official Reuters [BEIJING] China’s policy fine-tuning and ongoing urbanisation can help it to avoid a Japan-style property bubble, a senior housing official said, amid fears that a housing market crash could lead to a hard landing
      Reuters  -  374 words
    • Article
      Lock icon HK developers’ cash flows seen to weaken
      155 26 Bloomberg [HONG KONG] Hong Kong developers’ cash flows are set to weaken on rising costs and declining margins, as they reduce prices to boost sales of new homes, according to Standard Poor’s. Developers’ margins will probably drop more than 10 per cent in
      Bloomberg  -  155 words
    • Article
      Lock icon GCB in East Sussex Lane sold for $22.5m
      1139 27  -  Deals down by half in 2013 following TDSR but recovery from Q2 predicted By KALPANA RASHIWALA kalpana@sph.com.sg MARKET watchers are hopeful that activity in the Good Class Bungalow Areas will pick up from the second quarter following a slow 2013, which saw
      1,139 words
    • Article
      Lock icon Australia housing boom lifts waning mining sector
      465 27 Economists predict 2014 will see interest rate rise Bloomberg [SYDNEY] Sydney led 10 per cent gains in Australian property prices last year, prompting more economists to bet this year will bring an interest rate rise than a further cut. Thirteen of 30 economists
      Bloomberg  -  465 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      466 25 ■'I SAFFRON SQUARE LONDON 'J 1 V iiS I ll i > I I ll r I!! r III in I Ill i II 1 ni ill m I j l! 5 II! Ill I'!" I 'L ■I fi" I Hi I PL generated-miage An opportunity to invest in a
      466 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      57 26 <gfe> igBBr HOW ARE YOU LIVING THE NEW YEAR? LAUGH MORE *BE PRESENT IN THE MOMENT "EAT BETTER GO FOR A SOLO HOLIDAY FINISH EVERY BOOK YOU'VE STARTED READING ‘KISS MORE I&SS92 aii thP meat songs in one placej D facebook.com/kiss92fm 3* 0kiss92fm www.kiss92.sg Download the KISS92 mobile app now!
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      Lock icon Page 26 Advertisements Column 2
      64 26 HOT PROPERTY rrai nn an fir nn THOMSON IMPERIAL CT nn Longhousp fm opp MRT L5 sh °P H0l2sf $689k pa P ,mmed ™t 22/1 M Thomson FH 2-sh,cl' u PP a? ~.“ss 5?te G R sT Amenities S7.5M No RARE SHOP SPACE FOR SALE Check this and many other
      64 words
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      Lock icon Page 26 Advertisements Column 3
      97 26 Prime Properties For Sale By Expression Of Interest 228 Orchard Road FH Land 8,869 sf “Comm”, PR 4.9+ 6C Swettenham Road FH Land 12,000 sf 20 Rochalie Drive FH Land 16,960 sf 33 Cornwall Gardens FH Land 24,387 sf 6 Coral Island LH Land 9,252 sf Botanic Gardens View #05-15
      97 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      35 27 FOR LEASE BRAND NEW LIGHT INDUSTRIAL AT ALJUNIED i ft’! 5-min walk to Paya Lebar MRT Excellent location Surrounded by amenities Sharon Chan ro27 8 6id 9112 2063 Dominic Peters R*****1G 9825 2101 www.savills.com.sg savills
      35 words
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      Lock icon Page 27 Advertisements Column 2
      379 27 EIGHT ARTILLERY ROW LONDON SW1 WORLD PREMIER LAUNCH FRIDAY 17-SUNDAY 19JANUARY2014, 11AM 7PM ST REGIS HOTEL, SENATOR ROOM, LOBBY LEVEL, 29 TANGLIN ROAD, SINGAPORE *****1 5 1 i TT W 1 1 I I n w Artist's Impression A "I -L: A BESPOKE COLLECTION OF EXCEPTIONAL RESIDENCES LOCATED IN THIS
      379 words
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  • Page 28 Advertisements
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      1335 28 A Special Feature Brought To You By Citigold Private Client THE ECONOMY IN PERSPECTIVE Confronted by cross currents The outlook for the Singapore economy in 2014 will be complicated by a number of cross currents, as improving external demand in the developed markets interplays with domestic headwinds from eroding cost
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