The Business Times, 16 January 2014

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Microfilm: NL32957
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, January 16, 2014
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  • Article
    Lock icon Home sales dive on dearth of launches
    1181 1  -  Full-year private home sales hit 15,015 down 32.4% from previous year’s volume By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Developers’ private home sales shrank to 259 units (excluding executive condominiums, or ECs) in December 2013 a big drop from 1,271 units in November and 1,410
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  • Article, Illustration
    Lock icon No postponement of Feb 2 polls, says Yingluck
    582 1  -  Protesters still set on going all out to scuttle election By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Thailand will go to the polls on Feb 2 as planned, caretaker Prime Minister Yingluck Shinawatra said yesterday. The beleaguered leader, who is facing her worst crisis
    PHOTO: AFP  -  582 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,143.25 (+19.50) GST INDEX FUTURES 3,142.00 (+19.00) GSIMSCI 357.83 (+1.23) GSIMSCI FUTURES 357.30 (+1.30) US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.641 2.085 EURO (US$/S$/€ 1.364 1.734 Foreign currency per US$ S$ YEN 104.30 82.10 RM 3.285 2.584 HK$ 7.754 6.100 BAHT 32.85 25.84 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,824.03 -10.94 NIKKEI 225 15,808.73 +386.33 HANG SENG 22,902.00 +110.72 SET INDEX 1,277.03 -18.84 JAKARTA COMP 4,441.59 +50.82 MANILA COMP 5,958.12 +22.56 SEOUL COMP 1,953.28 +7.21 SHENZHEN B 845.20 -2.50 MUMBAI IND 21,289.49 +256.61 11am EST Change DOW 16,473.98 +100.12 NASDAQ 4,204.66 +21.64
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.837 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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      Lock icon Page 1 Advertisements Column 1
      215 1 PROPERTY MRT network eroding premium of prime offices PAGE 29 COMMENTARY Grappling with the jobless numbers PAGE 21 ECONOMY World Bank projects smooth recovery PAGE 2 COMPANIES Kim Heng raising $36.4mviaIPO PAGE 5 Ik m The L.U.C Collection Each part is a masterpiece This less than 13 mm winding lever
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      4 1 8"887 1 8 1"*****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Vopak-led group to run 1st phase of Jurong Rock Cavern
      565 2  -  By ronnie@sph.com RONNIE LIM ronnie@sph.com [SINGAPORE] After a vigorous two-stage selection process which took as many years, a Vopak-led consortium has won a 15-year deal, worth about $200 million, from JTC Corporation to run the $890 million first phase of
      FILE PHOTO  -  565 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      432 2 Big drop in private home sales in Dec DEVELOPERS’ private home sales fell to 259 units in December 2013 a big drop from 1,271 units in November. FRONT PAGE No postponement of Feb 2 polls, says Yingluck THAILAND will go to the polls on Feb 2 as planned,
      432 words
    • Article, Illustration
      Lock icon World Bank projects smooth global recovery
      781 2  -  Global GDP growth will strengthen from 2.4% in 2013 to 3.2% this year By in ANTHONY ROWLEY in Tokyo THE global economy, says the World Bank, is on course for a smooth recovery in 2014 as advanced economies that have healed from the wounds
      781 words
    • Article, Illustration
      Lock icon A fully convertible RMB in five years?
      855 2  -  That’s what a top Shanghai official predicted this week By in SHU-CHING JEAN CHEN in Hong Kong IN China’s reform timetable, five years could be considered a blink of an eye: that’s how fast a top Shanghai official is expecting the national currency
      PHOTO: REUTERS  -  855 words
    • Article
      Lock icon S’pore retail sales skid on plunge in car sales
      470 4  -  Slide of 8.7% in Nov turns to 0.4% rise if car sales excluded By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Singapore's retail sales fell a larger-than-expected 8.7 per cent in November compared to a year ago, mainly due to a 41.8 per cent
      470 words
    • Article, Illustration
      Lock icon Mediapolis progresses with Hollywood ambitions
      514 4  -  Infinite Studios’ opening reveals two large soundstages By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] A piece of Hollywood has been in Singapore for the last year and is set to grow. Infinite Studios at Mediapolis formally threw its doors open yesterday, revealing two of Singapore’s largest soundstages
      PHOTOS: MARK CHEONG/THE STRAITS TIMES  -  514 words
    • Article, Illustration
      Lock icon MBS celebrity restaurant Guy Savoy to say adieu
      674 4  -  By JAIME EE jaime@sph.com.sg Additional reporting by DEBBIE YONG [SINGAPORE] Another star fell at the Marina Bay Sands when the integrated resort confirmed yesterday that Guy Savoy its haute French restaurant venture with the Par-is-based three Miche-lin-starred chef would cease operations from
      FILE PHOTO  -  674 words
    • Article
      Lock icon Local start-up Amaranth gets Series C funding
      397 4  -  And BeMyGuest announces takeover of Indiescapes By JACQUELYN CHEOK jaccheok@sph.com.sg [SINGAPORE] Start-up activity in Singapore continues apace, with medical-de-vice company Amaranth Medical reporting the successful closing of Series C funding, and online travel agency BeMyGuest announcing the acquisition of travel agency Indiescapes. Amaranth
      397 words
    • Article
      Lock icon Brighter IPO outlook seen for emerging markets
      623 4 Reuters [LONDON] From Tunis to Beijing, emerging market companies are gearing up to tap equity investors for capital, potentially grabbing the interest of stock buyers who might otherwise retreat on the ebb tide of cheap US funding. This year is shaping up to
      Reuters  -  623 words
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      72 3 k-Z s 1 r, a xijt Afe* fe 9 m o V y ...M I m Mil r \V PIAGET GOUVERNEUR Piaget Manufacture movement 882P Mechanical self-winding chronograph Flyback, dual time Pink gold, sapphire case-back Alligator strap PiageT piaget.com m m m PIAGET Boutiques: 02-12A Takashimaya Shopping Centre, Ngee Ann
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Marine firm Kim Heng raising $36.4m via IPO
      697 5  -  Shares on offer at 25¢, funds to be used for expansion and working capital By MALMINDERJIT SINGH msingh@sph.com.sg SINGAPORE-BASED Kim Heng Offshore Marine Holdings, which has a track record of more than 40 years, has launched its initial public offering to raise
      ST FILE PHOTO  -  697 words
    • Article
      Lock icon Investors urged to look at hedges as cost falls
      653 5  -  Market upsides still outweigh downsides but caution needed By CAI HAOXIANG haoxiang@sph.com.sg INVESTORS should consider buying relatively cheap hedges to protect their portfolios, while looking for opportunities in illiquid markets like private equity, real estate and hedge funds, advised Citi Private
      653 words
    • Article
      Lock icon Quah Su-Ling: Pressure from plaintiff behind high volumes
      852 7  -  Interactive Brokers suing Ipco CEO and clients for $79m in losses By GRACE LEONG By gleong@sph.com.sg IPCO International chief executive Quah Su-Ling, who is among eight clients sued in High Court over $79 million in losses sustained by Interactive Brokers (IB) in
      852 words
    • Article
      Lock icon GLP to develop logistics facility in Chiba, Japan
      250 7  -  By RAPHAEL LIM raphlim@sph.com.sg GLOBAL Logistic Properties (GLP) will start work on developing a 72,000 sq m multi-tenant logistics facility in Greater Tokyo, the company announced yesterday. GLP Yachiyo, expected to be completed in October 2015, comes with a total estimated development
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    • Article, Illustration
      Lock icon SIA passenger load at 82.5% in Dec
      324 7  -  By NISHA RAMCHANDANI nishar@sph.com.sg SINGAPORE Airlines’ passenger load factor (PLF) edged up 0.3 percentage point to 82.5 per cent in December last year as passenger carriage narrowly outpaced capacity growth. Systemwide passenger carriage (measured in revenue passenger kilometres) rose 1.4 per cent against
      BT FILE PHOTO  -  324 words
    • Article
      Lock icon BNY Mellon launches SMA platform
      424 7  -  Service will enhance discretionary portfolio offerings By GENEVIEVE CUA gen@sph.com.sg US-BASED BNY Mellon is rolling out a separately managed account (SMA) platform that it hopes to market to private banks. A separately managed account is a portfolio of securities managed on a discretionary basis. One
      424 words
    • Article, Illustration
      Lock icon Koh Bros, Heeton clinch Westwood EC site
      473 8  -  Plan is for 480 two to five-bedroom residential units, to be ready in 2018 By KENNETH LIM kenlim@sph.com.sg A JOINT venture between real-estate developers Koh Brothers Group and Heeton Holdings has clinched the mandate to develop an executive condominium (EC) site in Westwood
      PHOTO: ARTHUR LEE  -  473 words
    • Article
      Lock icon Burberry sees its profit weighed down by pound
      433 8 Reuters [LONDON] Demand for coats and large leather bags helped Burberry top Christmas sales forecasts, though the British luxury brand said that its incoming chief executive might have to cope with a hit to profit from a stronger sterling in the months
      Reuters  -  433 words
    • COMPANY BRIEFS
      • Article
        Lock icon KSH associate buys land for RM91.7m
        96 8 CONSTRUCTION contractor and property developer KSH Holdings said a 40 per cent associate company has agreed to purchase 679,460 square feet of freehold land in Negeri Selangor, Malaysia, for RM91.7 million or about S$36 million. KSH will fund its share of the consideration, about
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      • Article
        Lock icon Wilmar unit mandates US$1.75b loan facility
        76 8 PALM oil trader Wilmar International said a wholly owned subsidiary, Wii, has mandated the syndication of a US$1.75 billion guaranteed revolving loan facility to finance general corporate and working capital requirements, including refinancing existing debt. The mandated banks are BNP Paribas, Malayan Banking, Mizuho
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      • Article
        Lock icon Hyflux to offer $300m of 5.75% perps
        83 8 WATER management and environmental solutions company Hyflux plans to offer $300 million of 5.75 per cent perpetual capital securities. The securities may be redeemed early by Hyflux after three years. The distribution rate will be stepped up by 200 basis points after three
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      76 5 A K Si hi ss 4 w I h w A/ > :■> v'S •Wf •S. i i i r MALAYSIA: EMPIRE SHOPPING GALLERY LOT UG 25 SINGAPORE: 100AM AMARA #01-01 I CLIFFORD CENTRE #01-04 I HITACHI TOWER #01-08 I INTERNATIONAL PLAZA #02-69/70/71 I MARINA BAY SANDS #01-65 PARKWAY PARADE
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI stems fall after Wall St rebounds
      500 6  -  Index recoups 19.5 points, volumes and turnover values rise, gainers outdo losers 269 to 147 STOCKS KENNETH LIM kenlim@sph.com.sg Correspondent SINGAPORE stocks ended a four-day funk yesterday as they rode on overnight momentum from US markets to higher ground. The Straits Times Index
      Source: Bloomberg  -  500 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jan 15 VALUE CLOSE BT OB/OS -232.0 +77.0 BT CADI -*****.0 +113.0 BT 10-day MA -*****.00 -24.00 FTSE ST Mid Cap 715.53 +2.03 FTSE ST Small Cap 544.82 +2.36 FTSE ST All Share 763.14 +4.20 FTSE ST China Top 201.94 +1.21 FTSE ST China 229.82 +1.44 FTSE
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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 7 4 3 0 0 0 7 4 3 Manufacturing 77 26 38 9 3 15 86 29 53 Commerce 31 16 14 4 4 2 35 20 16 Tpt/Stor/Comms 19 9 9
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    • BROKERS’ TAKE
      • Article
        Lock icon Keppel Land
        434 6 Jan 15 close: S$3.24 Maybank Kim Eng Research, Jan 15 KEPPEL Land’s (KepLand) share price has plummeted by 13.3 per cent since its Q3 2013 results announcement last Oct 16, underperforming the Straits Times Index, which saw a mere 1.7 per cent decline in the same period. Nevertheless,
        434 words
      • Article
        Lock icon CNMC Goldmine Holdings
        551 6  -  Compiled by KENNETH LIM Jan 15 close: S$0.255 Voyage Research, Jan 15 CNMC Goldmine Holdings Limited announced last month that: a) it has formed a joint venture with the Perak state government to explore tin mining, and b) it will be paying its maiden dividend of 0.1
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 76,339 76,339 67,350 67,350 Manufacturing 996,334 275,163 1,271,497 252,842 10,613 263,455 Commerce 251,758 560,798 812,556 80,815 58,966 139,781 Tpt/Stor/Comms 79,793 9,532 89,325 114,923 1,095 116,018 Finance 37,567 68 37,635 131,347 23 131,370 Construction 117,384 283,820
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.890 +0.010 CapitaLand 2.930 CapitaMall 1.880 +0.025 CityDev 9.590 +0.090 ComfortDelGro 1.975 -0.010 DBS Grp 17.340 +0.110 GLP 2.940 -0.010 Genting SP 1.495 Golden Agri 0.525 HK Land 6.300 +0.060 HPH Trust US$ 0.675 +0.005 JMH 55.870 +1.380 JSH 34.000 +0.910
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    • Article, Illustration
      Lock icon Greenback recovers as US yields firm up
      535 6 CURRENCIES Reuters [LONDON] The dollar index yesterday gained for a second straight day, helped by firmer US yields that pulled the greenback away from a onemonth low against the yen and sent the Canadian dollar to a fresh four-year low. Traders said US
      Reuters; PHOTO: REUTERS  -  535 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Albedo 280,661,000 Charisma Energy 250,436,000 KLW Hldgs 229,673,000 JES 224,214,000 Vallianz Hldgs 170,419,000 Unionmet 163,284,000 Sunningdale 129,584,000 Memstar 117,652,000 Federal Int 101,497,000 M Devt 87,292,000 VALUE($) SingTel 70,263,790 DBS Grp 57,487,720 Keppel Corp 48,662,377 JES 43,617,387 OCBC Bk 31,513,780 UOB 31,245,400 Vallianz Hldgs 30,469,221 SunVic 27,742,530
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    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP IS DJ US Tech 8686 1403.3 14.6 Lyxor ThaiSET 10US$ ***** 298.7 2.1 Jardine C&C 3940 182.0 4.8 JMH 5587 175.4 2.5 JSH 3400 115.7 2.8 Lyxor Indonesia10US$ 7609 53.4 0.6 DBXT FTVietnam 10US$ 2575 39.4 1.2 DBXT MSINDO 10us$ 1216 22.9 1.5 Lyxor China
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    • Article
      Lock icon FALLS
      127 6 BY CENTS CLOSE DOWN DBXT DBCBLEB 10US$ 1775 -438.5 -16.3 GLD 10US$ ***** -120.8 -0.8 DBXT MSTHAI 10US$ 1748 -25.4 -1.1 Hyflux 6% CPS 10 ***** -20.0 -0.2 Isetan 423 -17.0 -3.9 Petra 312 -8.0 -2.5 IS ASIA HYG100US$ 1055 -6.4 -0.5 UOL 598 -6.0 -1.0 B Sembawang 590
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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
      20 7 CHARTING DIRECTIONS Place your AGM and EGM notices in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES
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      317 7 NANYANG I TECHNOLOGICAL UNIVERSITY Nanyang Business School Nanyang Technological University (NTU) is ranked 41st in the world and also placed 2nd globally among young elite universities. THE NANYANG MBA programme has been consistently ranked top in Singapore for 10 straight years by The Economist Full-time MBA Ranking since 2004. Stay
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      40 8 THE STRAITS TIMES X I a.a -i kJ I J.VCVJ I O I nil f II SoShloK SG’s Yummiest Food News Reviews ■Jt Available on the K AppStore Download app, register collect points to redeem goodies fife r ■K™ 5?
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  • SINGAPORE NEWS
    • Article
      Lock icon Merc E-Class top model in Singapore in 2013
      716 9  -  Mercedes-Benz ends year with 3,871 new car registrations; BMW notches up 3,730 units By SAMUEL EE samuelee@sph.com.sg MERCEDES-BENZ overtook BMW in 2013 to become Singapore’s top make, while its E-Class executive saloon was the most popular model. This makes it the second
      716 words
    • Article
      Lock icon S’pore’s first fully automated chiller unveiled
      510 9  -  Mandai Link’s $40m cold room facility has a capacity of 25,000 pallets By SHEENA TAN tsheena@sph.com.sg HOMEGROWN cold chain services firm Mandai Link Logistics yesterday launched the first fully automated chiller in Singapore. The company invested $2 million to convert half of its existing
      510 words
    • Article, Illustration
      Lock icon Hong Leong Foundation lends the needy a hand
      331 9  -  It’s given away cash for 32 years, to arts organisations too By ARTHUR LEE arthurl@sph.com.sg THE Hong Leong Foundation gave almost $500,000 to the poor last year, its largest donation since the annual exercise started in 2006. More than 3,100 individuals who
      PHOTO: ARTHUR LEE  -  331 words
    • Article
      Lock icon IDA, FireEye set up centre to boost cyber security
      542 9  -  By CHAN YI WEN yiwenc@sph.com.sg SINGAPORE’S plan to beef up its pool of infocomm security experts got a boost yesterday with the launch of a Centre of Excellence by global cyber-security firm FireEye. The centre, which is FireEye’s first in the
      542 words
    • Article
      Lock icon LTA concedes MCE signages could be better
      495 9  -  But it stresses that there are no design deficiencies By GRACE LEONG gleong@sph.com.sg THE Land Transport Authority (LTA), in reference to the massive jam on the Marina Coastal Expressway (MCE) on Dec 30, yesterday acknowledged that more could have been done in terms
      495 words
    • Article, Illustration
      Lock icon CNY goodies for bank customers, young and old
      248 9  -  By ARTHUR LEE arthurl@sph.com.sg THE energetic horse has started galloping even before Chinese New Year (CNY). The three local banks are enticing customers with a host of promotions, from cash giveaways for new kids’ accounts, festive freebies and discounts at selected merchants
      PHOTO: ARTHUR LEE  -  248 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon IOI Prop soars up to 42% in first day trading
      547 10  -  It closes at RM3.15, 26% up from its offer price, with 64m shares done By S JAYASANKARAN in Kuala Lumpur IOI Properties Group, the property arm of IOI Corporation, made an impressive debut to close 26 per cent higher at
      547 words
    • Article
      Lock icon Retail growth down to 3.1% in Q3
      304 10 [KUALA LUMPUR] Malaysia’s retail industry grew at a slower pace of 3.1 per cent in the third quarter of 2013, down from the 4.8 per cent a year ago and it expects a 4.2 per cent rise in the fourth quarter, according to
      304 words
    • Article, Illustration
      Lock icon Most funds staying put in Malaysia
      806 10 They maintain their shareholding, citing good opportunities for stock selection [PETALING JAYA] Notwithstanding recent moves by the world’s largest asset manager BlackRock to reduce its exposure to Malaysian stocks, fund managers, both foreign and local, are mostly maintaining their shareholding in the local equity
      PHOTO: REUTERS  -  806 words
    • Article
      Lock icon Indonesia mineral row heightens business uncertainty
      789 10 The run-up to the export ban has been criticised as chaotic AFP [JAKARTA] A drawn-out row between the Indonesian government and the mining industry over a mineral export ban has added to growing uncertainty in South-east Asia’s top economy ahead of elections, observers warn.
      AFP  -  789 words
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      75 10 Myanmar Supply Chain Management Conference 2014 4-6 March 2014 Traders Hotel, Yangon www.mscm.sphereconferences.com New Dates, New Pricing! Early bird discounts till 1st Dec 2013. Save up to USD 441 Opening Address by H.E U Nyan Htun Aung, Minister for Transport, Union of Myanmar U Aung MawThein Myanmar Distribution Group w
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      66 10 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 27th FEB 2nd MAR 2014 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s headline inflation slows in Dec
      790 11 RBI could keep interest rates steady at Jan 28 meeting Reuters [NEW DELHI] India’s headline inflation eased to a five-month low in December on lower vegetable prices, providing some relief to the ruling coalition before a national election and increasing the odds that interest
      Reuters  -  790 words
    • Article
      Lock icon China grants gold import licences to foreign banks
      581 11 Reuters [SHANGHAI] China has granted licences to import gold to two foreign banks for the first time, sources said, as moves to open the world’s biggest physical bullion market gather pace. Allowing more banks to import gold could increase the supply of
      Reuters  -  581 words
    • Article, Illustration
      Lock icon Huawei 2013 sales up 8% on devices sold
      496 11 The company has benefited from China’s push to faster wireless equipment Bloomberg [BEIJING] Huawei Technologies, China’s biggest smartphone maker, said that sales last year gained 8 per cent as the company sold more devices and benefited from the nation’s push to faster
      Bloomberg; PHOTO: REUTERS  -  496 words
    • Article
      Lock icon China Dec bank lending growth misses forecasts
      452 11 It suggests PBOC’s efforts to curb credit expansion are gaining traction Reuters [BEIJING] China’s new bank lending slowed more than expected last month while growth of broad money supply also eased, suggesting the central bank’s efforts to tap the brakes on credit expansion
      Reuters  -  452 words
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      274 11 FUTURE iitiii tti§ a CHINA ADVANCED LEADERS PROGRAMME Grooming future leaders to be “China-ready”, “China-sawy” and “Connected” —f -o This course has whetted my appetite for China, and for doing business in China. The initial week opened our eyes to the background and history of China. The second week in
      274 words
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  • WORLD
    • Article
      Lock icon Toshiba buys 60% of Britain’s nuclear power JV for £102m
      513 12 Its Westinghouse unit will provide reactors for the NuGen plant, a JV with French firm Reu ters [LONDON] Toshiba has agreed to buy 60 per cent of the NuGen UK nuclear joint venture between GDF Suez and Spain’s Iberdrola for
      Reuters  -  513 words
    • Article
      Lock icon Tokyo to approve Fukushima operator’s revival plan
      327 12 Reu ters [TOKYO] Japan’s trade ministry has said it would approve a revival plan for Tokyo Electric Power Co (Tepco), the utility responsible for the Fukushima nuclear disaster. The plan hinges on Tepco restarting its Kashiwazaki Kariwa nuclear plant to cut fossil fuel
      Reuters  -  327 words
    • Article, Illustration
      Lock icon GM puts ‘puzzle pieces’ together for Asia
      323 12 Reu ters [DETROIT] A top executive with General Motors (GM) said on Tuesday that a planned shutdown of the carmaker’s plants in Australia could allow South Korea to ship more cars to the region. GM said last month that it would stop making
      Reuters; PHOTO: REUTERS  -  323 words
    • Article
      Lock icon Vietnam coffee farmers holding back sales
      711 12 They expect higher prices after Tet Lunar New Year Bloomberg [HANOI] Coffee farmers in Vietnam, the biggest producer of robusta beans used by Nestle SA in instant drinks, are limiting sales from a record harvest before the Tet Lunar New Year festival as they
      Bloomberg  -  711 words
    • Article, Illustration
      Lock icon S Korea importing less Iran oil
      508 12 Re uters [SEOUL] South Korea’s crude imports from Iran fell nearly 30 per cent in December from a year ago and are likely to stay near current levels for the next six months as the initial deal over Teheran’s nuclear programme is implemented. The
      Reuters; PHOTO: REUTERS  -  508 words
    • Article, Illustration
      Lock icon Spanish builders still fragile despite better balance sheets
      627 13 The domestic property market on which they depend remains in free fall Reu ters [MADRID] Spanish builders have cut debt by selling assets and reducing staff, leading to sharp stock gains in the past year and catching the eye of billionaires George
      Reuters; PHOTO: BLOOMBERG  -  627 words
    • Article, Illustration
      Lock icon UK govt to veto any plan to raise RBS pay, bonus
      499 13 Reu ters [LONDON] British Prime Minister David Cameron said yesterday that he would block any proposal to increase the overall pay and bonus bill at stateowned Royal Bank of Scotland (RBS). The opposition Labour party has called on the
      Reuters  -  499 words
    • Article
      Lock icon Exports from worst-hit EU countries up 4%
      439 13 Spain, Portugal and Greece show signs of recovery even as eurozone exports dip 2% Reuters [BRUSSELS] The eurozone trade surplus widened in November because imports fell more sharply than exports, although shipments from the southern periphery rose, in a sign that the bloc’s
      Reuters  -  439 words
    • Article, Illustration
      Lock icon French companies question cuts, reforms
      541 13 Unions worry about job cuts to public sector workers Reuters [PARIS] French business yesterday raised doubts over Socialist President Francois Hollande’s plan for public spending cuts and structural reform to revive the eurozone’s second largest economy. His allies hailed a new “social democrat” vision for
      Reuters; PHOTO: BLOOMBERG  -  541 words
    • Article
      Lock icon BOA Q4 profit quadruples after it cuts mortgage claims
      459 13 Bloomberg [NEW YORK] Bank of America Corp, the second-big-gest US lender, said fourth-quarter profit more than quadrupled as the company quelled claims tied to defective mortgages. The results beat most Wall Street estimates. Net income of US$3.44 billion, or 29 cents
      Bloomberg  -  459 words
    • Article
      Lock icon Small banks get Volcker Rule reprieve
      558 14 After much uproar, regulators exempt them from writing down value of CDOs NYT [NEW YORK] Federal regulators bent to the will of the banking industry and some lawmakers and revised a rule that would have forced community banks to take writedowns on a security
      NYT  -  558 words
    • Article
      Lock icon Swiss forecast rise in watch exports this year
      266 14 Bloomberg [LONDON] Switzerland’s watch exports will rise in 2014 after advancing at the slowest pace in four years in 2013 due to a drop in Chinese demand, said Jean-Daniel Pasche, head of the Federation of the Swiss Watch Industry. Exports in the
      Bloomberg  -  266 words
    • Article
      Lock icon Silicon Valley workers win clearance to sue employers as a group
      380 14 Suit accuses 7 firms of conspiring to drive down pay by not poaching staff Reuters [NEW YORK] Roughly 60,000 Silicon Valley workers won clearance to pursue a lawsuit accusing Apple Inc, Google Inc and other companies of conspiring to
      Reuters  -  380 words
    • Article, Illustration
      Lock icon Business travel forecast to grow 13% this year
      377 14 Bloomberg [NEW YORK] Business executives are forecast to increase transatlantic travel this year as economic growth recovers in Europe, the United State’s biggest trading partner, spurring trips for meetings and events. Spending on international business travel should jump 13 per cent this
      Bloomberg; PHOTO: REUTERS  -  377 words
    • Article
      Lock icon Dispute over foreign banks’ assets sent to NY’s highest court
      687 14 Court of Appeals to decide if banks need to turn over litigants’ assets held overseas Reu ters [NEW YORK] In a case with wide implications for the global banking industry, New York’s highest state court has been asked to decide
      Reuters  -  687 words
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      Lock icon EU reaches deal on sweeping securities market reform
      692 15 New rules aim to curb commodities speculation, highfrequency trading Reu ters [LONDON] Curbs on commodity speculation and ultra-fast share trading will be introduced across the European Union (EU) under an agreement reached on a broad reform of securities markets. The measures will
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      Lock icon Hollande’s French bonds getting cold shoulder
      978 15 Investors seek better returns in other eurozone countries making reforms Bloomb erg [PARIS] President Francois Hollande’s surest supporters since taking office have been buyers of French bonds. Some of them are now deserting him for greener pastures. The French government debt auction last week
      Bloomberg; PHOTO: AFP  -  978 words
    • Article
      Lock icon Shell may sell assets worth US$15b in two years
      340 15 Reuters [LONDON] Royal Dutch Shell could look to sell US$15 billion worth of assets over the next two years including some North Sea fields, said a media report on Tuesday, expanding on its existing guidance that divestments would accelerate this year.
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    • Article
      Lock icon Barclays traders said to face SFO Libor interviews
      504 15 Bloomberg [LONDON] Several former Barclays Plc traders suspected of involvement in Libor manipulation have been ordered to report to UK fraud prosecutors for interviews, according to a person with knowledge of the case. The Serious Fraud Office (SFO) sent notices to the
      Bloomberg  -  504 words
    • Article, Illustration
      Lock icon EU parliament probes role of troika in rescue
      456 16 It’s asking why forecasts fell short and Greece needed a second bailout AFP [STRASBOURG] EU lawmakers took the “troika” to task on Tuesday, seeking answers about how the controversial trio of international creditors ran painful eurozone debt bailouts which encouraged austerity instead
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      Lock icon Netherlands ranks top for nutritious, plentiful food
      629 16 Top marks awarded for low food prices and diabetes levels Reuters [NEW YORK] The Netherlands nudged past France and Switzerland as the country with the most nutritious, plentiful and healthy food, while the United States and Japan failed to make it into the
      Reuters  -  629 words
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      Lock icon European aluminium smelters hit by costs
      467 16 Reuters [FORT LAUDERDALE] Aluminium smelters in Spain and Germany are under threat of closure due to low London Metal Exchange (LME) prices, high power costs and excessive regulation, an industry analyst said, reinforcing concerns about the future of the region’s producers. Europe’s strict labour
      Reuters  -  467 words
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      Lock icon Ethical fashion brands target mass market
      684 16 Reuters [BERLIN] Consumer concerns about poor working conditions in Asian factories and toxic chemicals used in fabric production are driving interest in ethical fashion, helping it start to appeal to a broader market. The collapse of an eight-storey garment factory in Bangladesh last April
      Reuters  -  684 words
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      Lock icon Roaring Bankia debt auction heralds Spanish revival
      853 16 1 b euros raised at lowest rate since Spain adopted euro NYT [MADRID] Less than two years ago, Bankia looked like a Spanish version of Lehman Bros: a big, troubled institution whose collapse threatened to take down a country’s financial system. Only after
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      Lock icon Wall Street regulators face budget crunch
      631 17 SEC, CFTC to get smaller increases in their budgets than requested for Reuters [WASHINGTON] Two of Wall Street’s top regulators are due to receive much smaller increases in their budgets than they requested, potentially hobbling their ability to police the markets for wrongdoing. The
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      Lock icon Broker fined US$5.63m for insider trading
      447 17 SEC may not recover money as defendant has fled the US Reuters [NEW YORK] A former Wells Fargo Co broker in Miami has been ordered to pay US$5.63 million for trading Burger King securities ahead of a 2010 buyout of the fast-food chain based
      Reuters  -  447 words
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      Lock icon German growth slows to 0.4% in ’13
      348 17 AFP [BERLIN] The German economy, Europe’s biggest, saw growth nearly halved last year as the sluggish global economy and recession in its European neighbours weighed on activity, official data showed yesterday. German gross domestic product (GDP) grew just 0.4 per cent in 2013,
      AFP; PHOTO: REUTERS  -  348 words
    • Article
      Lock icon US Supreme Court raises bar for suits against foreign firms
      732 17 It rejects contention of 22 Argentinians in case against Daimler NYT [WASHINGTON] The US Supreme Court on Tuesday made it harder to sue foreign companies in US courts, prompting a justice in a concurrence to accuse the majority of creating
      NYT  -  732 words
    • Article
      Lock icon Deutsche Bank ready to take FX rate riggers to task
      231 17 Bloomberg [MUNICH] Deutsche Bank AG has said that it stood ready to discipline employees suspected of currency manipulation, after a German newspaper said that the company had suspended a trader in New York who may have fixed prices. Klaus Winker,
      Bloomberg  -  231 words
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      Lock icon IBM leads US patents again
      605 17 Bloom berg [NEW YORK] International Business Machines Corp amassed more US patents than any other company for the 21st straight year, helped by its push into big-data services, which glean insights by mining large quantities of information. IBM’s 6,809 patents last year scored an annual
      Bloomberg; PHOTO: BLOOMBERG  -  605 words
    • Article, Illustration
      Lock icon Google’s spending blitz for Next Big Thing
      1063 18 It is spending more money than rivals to move leadership into new areas Bloomberg [SAN FRANCISCO] Google Inc, drawing from its US$56.5 billion cash pool, is spending more money than five of its biggest US competitors combined to buy into new markets as
      Bloomberg; PHOTO: BLOOMBERG  -  1,063 words
    • Article
      Lock icon Women hedge fund managers outshine men
      411 18 Study could feed speculation of women as better investors Reuters [BOSTON] Women hedge fund managers have outperformed their male rivals, on average, for the second year in a row, according to professional services firm Rothstein Kass which tracks the industry. From Jan 1, 2013,
      Reuters  -  411 words
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      Lock icon Tech security companies fight off new start-ups
      876 18 NYT [SAN FRANCISCO] Steve Bennett, the chief executive of the computer security company Symantec, is spoiling for a fight. Symantec is still, by a pretty long stretch, the biggest in a growing pack of tech security companies. But like Microsoft, Mr Bennett’s company
      NYT  -  876 words
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      Lock icon Luxury car brands vying to widen appeal without losing prestige
      798 18 Some try smaller, lighter models, add fancy stuff and upgrade interiors AFP [DETROIT] American consumers have a taste for luxury and carmakers are rushing to deliver by upgrading interiors, loading up on fancy features and expanding their offerings with stylish
      AFP; PHOTO: AFP  -  798 words
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      44 12 MAKING OF A GOLF CHAMP Mum Varsha, a former India No.1 in table tennis, snooker and pool, shapes son Yash’s Singapore success K.V. Veloo’s life and times as a social worker GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327)
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      100 12 Experience it for yourself. Exhibit at e air Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com Impressions of SGPFair 2013 ...This year's leads seem to be of better quality! BIC PRODUCT (SINGAPORE) Quality crowds FOUR SEASONS GIFTS Visible A&P exposure in main media. SASHA'S COMPANY
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      320 13 FRASER AND NEAVE, LIMITED Company Registration No. *****0001R (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE Notice is hereby given that one share certificate numbered *****3 covering 16,980 ordinary shares in the name of “Macleod Neil Alexander” has been reported lost. Notice is hereby given that new share certificate
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  • Page 15 Advertisements
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      77 15 HOT PROPERTY l23S TE^q N ft A Oonn ES t 2 BDRM Wig E te T rrS MAIS 32 Walk to MRT. Ask C|9^reenerV8 MT SOPHIA 1+1/ Wurn. Mins to MRT mls Pura. Full facilities vro APARTMENT FOR RENT Check this and many other properties in CATS Classified in The
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon JAL probes 787 battery smoke seen before flight
      834 19 One of eight cells found venting liquid through safety valve during maintenance Bloomberg [TOKYO] Japan Airlines Co (JAL) is investigating what caused a battery on a Boeing Co 787 Dreamliner to smoke during pre-flight maintenance, a year after a fire on one
      Bloomberg; PHOTO: AFP  -  834 words
    • Article, Illustration
      Lock icon Panama may take over canal work amid row
      561 19 Reuters [PANAMA CITY] The Panama Canal Authority (PCA) said on Tuesday it might take over a key part of the waterway’s expansion if the consortium in charge of the project makes good on a threat to suspend work. PCA chief Jorge Quijano
      Reuters; PHOTO: AFP  -  561 words
    • Article
      Lock icon TRANSPORT STOCKS
      244 19 SGX '000 Jan 15 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.27 unch 155 Cosco Corp 0.73 unch 1627 Cwt Limited 1.35 -0.01 42 Vol First Ship Lea 0.45 Grand Banks..............0.22 unch 53 Jaya Hold Ltd 0.82 -0.01 2493 K1Ventures 0.19 unch 514 Keppel Corp 10.85 -0.01
      244 words
    • Article
      Lock icon United scraps US$1b order for 12 Airbus aircraft
      221 19 AFP [NEW YORK] United Airlines has scrapped an order for 12 single-aisle jets from Airbus worth more than US$1 billion at catalogue prices. Based on an updated pricing list, an A319 now costs US$85.8 million and an A320 US$93.9 million. That would
      AFP  -  221 words
    • Article
      Lock icon China Shipping plans to issue US$ bonds
      654 19 Bloomberg [SINGAPORE] China Shipping Group Co, the nation’s No 2 shipping company by assets, is considering selling bonds denominated in US dollars for the first time as borrowing costs in Asia drop to a more than one-month low. The Shanghai-based company, which provides
      Bloomberg  -  654 words
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      Lock icon Page 19 Advertisements Column 1
      18 19 Secondgeneration boss takes family-owned advertising firm tonewheights family-owned -.2$% 4513+0!# To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      307 19 CRYPTIC CROSSWORD Across 1 Advent prayer almost organised by Church (10) 6 Information a little back to front (4) 9 Bit of stuff found in immorality? Grand! (10) 10 Hand’s good, holding spades (4) 12 Cretin foolishly taking dope (4) 13 Above top of pate’s growing less (9) 15 University
      307 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Time to start withdrawing property curbs
      504 20 EDITORIAL FACED with high capital inflows and a roaring property market after the global financial crisis, the Singapore government began to put in place a series of property cooling measures, starting in September 2009. In the face of three rounds of quantitative easing by
      504 words
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      Lock icon China’s entry to GPA will boost its global influence
      761 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA has made a revised bid to join the Government Procurement Agreement (GPA) of the World Trade Organization, less than three weeks
      761 words
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      Lock icon When firms make their way through the world
      1070 20  -  Being global today is about how a firm manages and structures its worldwide activities By CYRIL BOUQUET JEAN-LOUIS BARSOUX The writers are professor of strategy and senior research fellow respectively at IMD This article is drawn from a forthcoming IMD book ‘Quest:
      PHOTO: REUTERS  -  1,070 words
    • Article, Illustration
      Lock icon Grappling with the jobless numbers
      1108 21  -  Despite measures by the governments, unemployment in OECD countries is still two million higher than in 2011 By NEIL BEHRMANN in London POLICYMAKERS need to think out of the box as both monetary and fiscal policies have failed to dent the lengthy queues of people
      PHOTO: AFP  -  1,108 words
    • Article, Illustration
      Lock icon Draghi may be playing a dangerous game
      667 21  -  By PIERRE BRIANCON REUTERS BREAKINGVIEWS MARIO Draghi is playing with fire. The European Central Bank (ECB) accepts that the eurozone has entered a long period of low inflation but its president sees no need to act on it. If Mr Draghi keeps hesitating,
      REUTERS BREAKINGVIEWS  -  667 words
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      Lock icon Europe’s lessons for China’s reformers
      850 21  -  By DANIEL GROS The writer is Director of the Centre for European Policy Studies. Project Syndicate THE most important economic policy decision of 2013 might well have been taken in November at the Third Plenum of the Chinese Communist Party’s Central Committee, which pledged that
      Project Syndicate; PHOTO: REUTERS  -  850 words
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  • Article
    Lock icon Shipping Times
    1380 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,380 words
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      28 22 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? ire Business times Shpping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3064 23 Transaction date: Jan 15 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 Last AAT 14.4 11.5 8Telecom Last Quote Div Gr Yld Net 11.5 7 AEM High 10 6.7 AIMS Property 8.7
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      Lock icon SGX CATALIST
      235 24 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
      235 words
    • Article
      Lock icon GLOBALQUOTE
      262 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 33.4 AVJennings A56 unch 1 56 56 56 57 3.6 6.3 4.5 207.3 52 35.5 Genting HK US$ US42.5 -1 9608 44 42.5 42.5 43 2798.4
      262 words
    • Article
      Lock icon SGX ETF
      873 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113 29 113 113 112 113 515.8 143 124 CIMB APAC Div 100S$D 124 123.3 124.2 114.4 98.3 CIMB APAC
      873 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11456 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.53/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond China Opportunities 1 2 7865/ EM Local Ccy Bond 0 8941/ European Opportunities 1 1 3084/ Global Emerging Markets 1
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      722 25 Jan 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.07 *****.73 *****.57 Mar14 *****.00 *****.00 *****.00 *****.00 *****9 *****2 Jun14 *****.00 *****.00 *****.00 *****.00 138 1887 MSCI TAIWAN INDEX FUTURES SPOT 298.85 302.34 298.85 Jan14 298.10 301.90 297.70 301.50 ***** *****9 Feb14 297.80
      722 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jan 14 Index Change Change Change Change Change Change World Preliminary 1177.6 0.2 -0.6 0.3 -0.5 0.2 -0.7 EAFE Preliminary 953.3 -0.6 -0.3 -0.4 -0.2 -0.4 -0.4 Europe Preliminary 1366.0 0.1 0.8
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Jan 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.977 5.390 0.654 6.912 54.803 107.726 0.930 9.476 2.928 1.068 93.962 40.104 1.133 9.695 0.807 26.876 29.282 0.543 0.891 Canada 1.023 5.515
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    • Article
      Lock icon SIBOR
      34 25 Jan 15 (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 25 Jan 15 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 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.57 101.60 101.60 5-Year N*****0T 0.5 01-Apr-18 97.55 97.65 97.55
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    • Article
      Lock icon PRECIOUS METALS
      138 25 Jan 15 GOLD(US$/oz) Jan 15 Jan 14 Hong Kong 1248.00 1257.00 Jan 14 Jan 13 London 1251.12 1250.50 1251.87 1250.70 Source: Thomson Reuters CAST BAR Jan 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 114 51 5gm 323 253 10gm 577 505
      138 words
    • Article
      Lock icon PALM OIL
      55 25 Jan 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2460.0 687 Feb 14 2472.0 2507.0 2510.0 2472.0 3413 ***** Mar 14 2498.0 2524.0 2528.0 2490.0 ***** ***** Apr 14 2516.0 2537.0 2540.0 2502.0 ***** *****
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jan 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1329 1.1333 0.8913 0.8915 Canadian dollar 1.1594 1.1596 0.9122 0.9122 Euro 1.7337 1.7340 1.3639 1.3641 NZ dollar 1.0606 1.0615 0.8344 0.8350 Sterling pound 2.0852 2.0857 1.6405 1.6407
      155 words
    • Article
      Lock icon CHICAGO BOT
      113 25 Jan 14 Jan SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1339.00 1326.75 1339.00 1314.75 Mar 14 1307.00 1294.25 1316.75 1288.50 May 14 1288.25 1274.25 1295.00 1269.50 Jul 14 1272.75 1260.75 1276.25 1255.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan
      113 words
    • Article
      Lock icon LIFFE
      94 25 Jan 14 COCOA (£/tonne) Close Prev High Low Mar 14 1762 1744 1764 1736 May 14 1748 1733 1750 1726 Jul 14 1741 1729 1741 1722 Sep 14 1732 1722 1733 1715 COFFEE(US$/tonne) Close Prev High Low Jan 14 1744 1751 1753 1745 Mar 14 1728 1739 1740 1726
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1153 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 32.5 0.5 88 0.0 5 -87 54 Asia-Pacific Strategic W*****6 Ratio Exer Price Ascendas Reit MB ECW*****3 Disc Ascendas Reit MB eCW*****1 2.8 0.2 210 3 Ascendas Reit
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      73 25 CRUDE OIL PRODUCTS Jan 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.67 -0.88 WTI (Near Mth) 92.50 0.87 Dubai (1-Mth F) 102.61 -0.25 Tapis blend 113.58 0.77 Minas 106.88 0.77 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.39 -1.28 Jet Kerosene 120.38 -0.69 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jan 15 S$ Bid Offer 1-month 1.2711 1.2712 2-months 1.2710 1.2711 3-months 1.2710 1.2711 6-months 1.2706 1.2708 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 25 Jan-14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1715.50 1734.50 3 months 1760.00 1779.50 Copper, Grade A(US$/tonne) Cash 7304.75 7365.00 3 months 7280.00 7329.00 Lead(US$/tonne) Cash 2168.75 2142.75 3 months 2188.00 2166.00 Nickel (US$/tonne) Cash *****.00 *****.00 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 25 As at 9am Jan 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.180 1.135 Euro 1.774 1.690 Sterling pound 2.123 2.042 NZ dollar 1.086 1.045 US dollar 1.294 1.233 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      159 25 Jan 15 Jan 15 $S Offer Bid 0vernight 0.06 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.04 US$ 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
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  • PROPERTY
    • Article
      Lock icon Rockefeller firm plans US$2.5b Vietnam project
      559 26 Vung Ro Bay joint development will have marina berths, hotels, apartments Bloomberg [HANOI] Rose Rock Group, a Rockefeller family-backed alternative investment management firm, will help develop a US$2.5 billion residential and hotel project on the south-central coast of Vietnam. The Vung Ro Bay development
      Bloomberg  -  559 words
    • Article, Illustration
      Lock icon HK govt to increase land supply to ensure adequate housing
      631 26 It plans to re-zone 150 sites for residential use Xinhua [HONG KONG] Hong Kong will continue to ensure that people are adequately housed by increasing land supply, Chief Executive Leung Chun-ying said yesterday. Delivering his second policy address at the
      Xinhua; PHOTO: AFP  -  631 words
    • Article
      Lock icon Abu Dhabi lets foreigners buy freehold homes
      299 26 Reuters [ABU DHABI] Foreigners can own property in Abu Dhabi on a freehold basis in designated investment zones, the emirate announced on Tuesday, seeking to attract more investors to its real estate sector. Residential units in the zones will be registered under Abu
      Reuters  -  299 words
    • Article
      Lock icon Househunt
      223 26 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 4 AND DEC 10, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alex Residences Apt 05/12/2013 99 657 1195 1820 District 4 NON-LANDED Corals At Keppel
      223 words
    • Article
      Lock icon Italy’s property market recovery faces tax hurdle
      694 26 Home deals forecast to increase but price fall seen continuing EUROPE Reuters [MILAN] Plans by the Italian government to preserve a much-hated property tax, albeit under a different name and structure, are likely to hamper the fledgling recovery of the residential property market
      Reuters  -  694 words
    • Article
      Lock icon French property prices seen to fall by 4% this year
      342 26 Home resales may drop to 650,000 from 668,000 Bloomberg [PARIS] French house prices will probably fall by as much as 4 per cent this year after dropping 2.9 per cent in 2013 as buyers were deterred by unemployment, taxes and
      Bloomberg  -  342 words
    • Article, Illustration
      Lock icon Irish housing market bottoms out, auctions packed
      1322 27 Home prices expected to gain 7% in 2014; Dublin values up 14% Bloomberg [DUBLIN] When Graham Dixon arrived at a property auction in Dublin’s affluent Ballsbridge neighbourhood last month, he braved a crowd of hundreds only to lose out on a house that
      Bloomberg; PHOTO: REUTERS  -  1,322 words
    • Article, Illustration
      Lock icon Abu Dhabi Fund said to buy Time Warner building with GIC
      527 28 The sovereign funds seek to diversify investments by upping stakes in alternative assets Bloomberg [SINGAPORE] Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, is investing alongside Singapore’s state fund GIC Pte in the headquarters of
      – Bloomberg; PHOTO: BLOOMBERG  -  527 words
    • Article
      Lock icon Greenland HK in JV for Shanghai project
      231 28 It will partner China Resources Land in the development Bloomberg [NEW YORK] Greenland Hong Kong Holdings, a property unit of Chinese state-owned Greenland Holding Group Co, will join with China Resources Land to develop land it bought last month for 5.95 billion yuan
      Bloomberg  -  231 words
    • Article
      Lock icon Marriott to open its second Edition brand hotel in New York
      304 28 Bloomberg [LOS ANGELES] Marriott International Inc’s luxury Edition brand will open a second location in New York, at a property in the Times Square area owned by a partnership that also agreed to refinance the debt on the project.
      Bloomberg  -  304 words
    • Article, Illustration
      Lock icon MRT network eroding prime offices’ premium: DTZ
      583 29  -  Rental gaps also narrowing on govt plan to decentralise commercial areas By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] With the expansion of the MRT network here improving accessibility across the island, the rental differences between prime office and decentralised office space are expected to continue
      Source: DTZ Research  -  583 words
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      Lock icon Qatar planning 27-storey tower next to Shard
      202 29 Reuters [LONDON] Qatar plans to extend its London property empire with a 27-storey tower next to the Shard, the landmark skyscraper that still has free office space but no permanent residents one-and-a-half years after it opened. The new 14,860 sq m building, which
      Reuters  -  202 words
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