The Business Times, 7 December 2013

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Total Pages: 41
1 16 The Business Times
  • 21 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g DECEMBER 7-8, 2013 S$1.00| S$1.00| MCI (P) 086/08/2013 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 28 1 TRIBUTE NELSON Mandela’s embrace of spending rigour and foreign capital allowed the South African economy to expand for 15 years.| 2
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  • 24 1 TRADE NEGOTIATIONS considered crucial to the WTO’s future went into overtime yesterday, with hopes for a deal brightening.| 3
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  • 31 1 FOR RENT The MND will impose a cap on the number of flats that can be sublet to foreigners in each HDB block. 6
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  • 30 1 ECONOMY US employers added more workers than forecast in November and the jobless rate dropped to a five-year low of 7 per cent.| 7
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  • 14 1 PRODUCTIVITY TUNGLOK has unveiled its new Artificial Intelligence Cooking Machines.| 14
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  • 824 1  -  Leak of StanChart customers’ data highlights need for firms to relook their security infrastructure and policies By Joyce Hooi joyceh@sph.com.sg Singapore IF YOU have US$2 million in spare change knocking about in a bank account, there’s a chance that a man you’ve never met
    BT Graphics: Ludwig Ilio; Source: Symantec  -  824 words
  • Page 1 Advertisements
    • 69 1 the business times www. usinesstimes.com. g DECEMBER 7-8, 2013 S$1.00| MCI (P) 086/08/2013 MOTORING The Rolls-Royce Wraith l15 PERSPECTIVE Dec 7, 1941: The day that lives in infamy 26-27 the raffles conversation MORGAN STANLEY’S CHAIRMAN AND CEO 8-9 LIVING Young designers win big L2-4 <8> O w 1 N sV
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    • 21 1 45David Chong’s not surprised, Page 3 45S’pore Inc’s month of terror, Page 4 45The confounding math of cyber attacks, Page 5
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  • TOP STORIES
    • 1130 2 Restoring global confidence in South Africa’s economy in 1994 was a significant achievement for the ex-president NELSON MANDELA 1918-2013 Cape Town NELSON Mandela emerged from 27 years in apartheid jails in 1990 pledging to seize South Africa’s mines and banks. Four
      PHOTO: AFP  -  1,130 words
    • MARKETS
      • 58 2 HSTI 3,114.17 (-10.21) HSTI FUTURES 3,109.00 (-7.00) HSIMSCI 358.82 (-0.90) HSIMSCI FUTURES 357.10 (-0.90) Friday Change KL COMP 1,826.95 +2.09 NIKKEI 225 15,299.86 +122.37 HANG SENG 23,743.10 +30.53 SET 1,361.57 -15.06 JAKARTA 4,180.79 -36.11 MANILA 6,014.94 -16.01 KOSPI 1,980.41 -4.36 SHENZHEN B 897.34 +1.43 MUMBAI IND 20,996.53 +38.72 11am
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      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.600 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • 49 2 US$ S$ US$ (S$ per US$) 1.254 (US$/S$ per 1.634 2.049 EURO (US$/S$/€ 1.366 1.713 Foreign currency per US$ S$ YEN 102.10 81.40 RM 3.230 2.575 HK$ 7.755 6.184 BAHT 32.34 25.79 RUPIAH 11,988 9,559 RENMINBI 6.082 4.850 INDIAN RUPEE 61.65 49.16 A$ 1.105 0.881 NZ$ 1.222 0.974
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    • 499 3  -  ‘It’s not the first time, and it won’t be the last,’ says Portcullis founder Reports by Siow Li Sen lisen@sph.com.sg Singapore SINCE yesterday morning, David Chong, founder of Portcullis TrustNet group, Asia’s biggest independent group of trust companies, has been getting calls about
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    • 639 3 BANKS yesterday were fielding calls from rich clients and reassuring them on the safety of their data following the shocking report that hundreds of StanChart clients’ data had been stolen. On Thursday, Standard Chartered revealed that 647 bank statements of private bank clients had
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    • 274 3 AFP Nusa Dua, Indonesia NEGOTIATIONS on a global trade package considered crucial to the WTO’s future went into overtime yesterday, with hopes for a deal brightening as former holdout India backed a revised version. New World Trade Organization chief Roberto Azevedo of
      AFP  -  274 words
    • 1222 4  -  Singapore Inc’s month of terror happened, well, not too long after Halloween By Joyce Hooi joyceh@sph.com.sg Singapore IF you had listened very carefully on the weekend leading up to Nov 5, you would have heard the sound of fear. Fear the corporate kind
      FILE PHOTO  -  1,222 words
    • 639 5  -  The spectrum of worst possible outcomes will fluctuate, governed by the wildly differing kinds of hackers’ expertise and intentions By Joyce Hooi joyceh@sph.com.sg Singapore WHEN the worst possible outcome of a hacking attack is imagined, the average person must be thinking of the post-apocalyptic
      Source: Ponemon Institute  -  639 words
    • 615 6  -  Caps for each block will exclude Malaysians and be applicable only to the subletting of whole flats By Mindy Tan tanmindy@sph.com.sg Singapore THE Ministry of National Development (MND) will impose a cap on the number of flats that can be sublet to
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    • 447 6  -  By Helmi Yusof helmi@sph.com.sg Singapore WHEN the cheque was presented to a group representing the young beneficiaries of this year’s ChildAid charity concert last night, everyone on-stage and off was delighted at the sum raised for financially disadvantaged children. The sum a record $2.035 million
      PHOTOS: DESMOND WEE/THE STRAITS TIMES, CHILDAID 2013  -  447 words
    • 628 7 November new hires higher than forecast, ditto October consumer spending; signs pointing to economy picking up momentum LATEST US DATA Bloomberg Washington EMPLOYERS added more workers than forecast in November and the jobless rate dropped to a five-year low of 7 per
      Bloomberg; PHOTO: BLOOMBERG  -  628 words
  • Page 2 Advertisements
    • 47 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 13 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 LIVING Design L2-4 Christmas L5-7 Dining L8-9 Travel L10-11 Destination Dining L12-13 Motoring L14-15 Golf L16 Househunt 30 Real Estate 31
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  • Page 5 Advertisements
    • 290 5 In The Matter Of The Companies Act, Cap. 50 And In The Matter Of TIME-FLEX LOGISTICS SOLUTIONS PTE. LTD. Company Reg. No. *****5404W Notice of Creditors’ Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50 NOTICE is hereby given that pursuant to Section 296 of the Companies Act,
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  • RAFFLES CONVERSATION
    • 2499 8 / 9  -  Morgan Stanley’s chairman and CEO James Gorman talks to Vikram Khanna about the bank’s post-crisis transformation Vikram Khanna vikram@sph.com.sg IN 2007, the 72-year-old investment bank Morgan Stanley achieved an infamous record that has yet to be surpassed: after a frenzy of disastrous bets, mainly on
      PHOTO: ARTHUR LEE  -  2,499 words

  • COMPANIES
    • 458 10  -  Bid to avert a bond technical default as group plans listing spin-off of property business By Kenneth Lim kenlim@sph.com.sg Singapore FRASER and Neave (F&N) has sweetened its offer to unpersuaded bondholders by tacking an additional 375 to 600 basis points to its original
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    • 716 10  -  By Nisha Ramchandani nishar@sph.com.sg Singapore QANTAS is considering all options as part of its restructuring review to unlock capital including a sell-down of its stake in Jetstar Asia even as three Australian senators called for the resignation of Qantas chief Alan Joyce
      PHOTO: BLOOMBERG  -  716 words
    • 296 10  -  By Nisha Ramchandani nishar@sph.com.sg Singapore THE new chief financial officer at Singapore Airlines will be Stephen Barnes, who will leave his post as senior director of portfolio management at aircraft-leasing firm Guggenheim Aviation Partners. It will be a return to
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    • 517 11  -  CIMB Bank said to have been hired to study possibility; owner Vincent Tan mum on matter By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE could yet get an English Barclays Premier League team that wears red at home and won its division last
      PHOTO: ACTION IMAGES  -  517 words
    • 404 11  -  By Andrea Soh sandrea@sph.com.sg Singapore GOLD miner CNMC Goldmine Holdings is now also moving into tin. The group announced yesterday that it has started a new joint venture with Menteri Besar Incorporated (Perak) to explore and mine tin in a 700-acre land.
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    • 385 11  -  By Nisha Ramchandani nishar@sph.com.sg Singapore WORLDWIDE airline shares rose 4 per cent month-on-month in November, outperforming the broader market which was up 1 per cent. However, it has been a rough ride for Asia-Pacific carriers, whose share prices have
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    • 606 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent IN a climate where the main worry is when the US Federal Reserve might start tapering its money printing and where strategists appear to be recommending developed markets (DMs) over emerging markets (EMs), the “new normal” as far
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    • 59 12 BY CENTS CLOSE UP DBS Bk 4.7% NCPS 100 ***** 20.0 0.2 HK Land 594 17.6 2.4 SembCorp Ind 532 9.0 1.7 GLP 294 8.0 2.8 DBXT S&P Short 10US$ 2686 7.5 0.2 DBXT FTVietnam 10US$ 2480 6.3 0.2 Creative Tech 223 5.0 2.3 Petra 350 5.0 1.4
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    • 58 12 BY CENTS CLOSEDOWN IS S&P500 ***** -214.4 -0.9 JMH 5160 -117.9 -1.8 JSH 3229 -82.8 -2.0 DBXT MSTHAI 10US$ 1867 -53.9 -2.3 GLD 10US$ ***** -46.4 -0.3 DBXT S&P500 10US$ 2950 -41.4 -1.1 CIMBAsean40 100US$ 1013 -38.9 -3.0 Lyxor Indonesia10US$ 7055 -37.6 -0.4 IS MSCI Spore 1332 -33.9
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    • 565 12  -  By Lee Meixian leemx@sph.com.sg Singapore SINGAPORE has fallen three spots to seventh place in Forbes’ 2013 list of best countries for busiwe i g h e d d own b y a poor-performing stock market this year and a continued low
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    • 166 12 VOL CLOSE Vallianz H l dgs 1 54,982 12 3 1 .4 1 2.8 Transcu Grp 1 35,087 0 2 -0.1 -33.3 A l bedo 127,790 5 2 -0.1 -1.9 Innopac 82,805 3 -0.2 -6.3 SingHaiy i 67,777 2 1 0.0 0.0 B l umont 64,842 6
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    • 111 12 Stock name Close Change CapMallsAsia 1.935 +0.010 CapitaLand 3.020 +0.030 CapitaMall 1.875 -0.005 CityDev 9.800 -0.030 ComfortDelGro 1.960 +0.040 DBS Grp 16.81 -0.090 GLP 2.940 +0.080 Genting SP 1.485 Golden Agri 0.545 -0.005 HK Land 5.940 +0.140 HPH Trust US$ 0.650 +0.005 JMH 51.60 -0.940 JSH 32.29 -0.660
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    • 296 13  -  By Lee U-Wen leeuwen@sph.com.sg Singapore STAMFORD Tyres swung to a fiscal second-quarter net profit of $4.85 million, from a $2.97 million loss a year earlier. Total revenue for the three months ended Oct 31, 2013 was $71.7 million, 11.9 per cent lower than
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    • 191 13 AS part of an after-school care programme for children with special needs, 20 staff volunteers from OCBC Bank’s group human resources division did their part for charity yesterday. They played host to 20 special needs children from the Asian Women’s Welfare Association (AWWA)
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    • 432 13  -  HK$528.7m acquisition raises holding close to group’s target of at least 20 per cent By Felda Chay feldac@sph.com.sg Singapore DEPARTMENT store operator Metro Holdings is deepening its investment into the property sector. The group announced yesterday that it is acquiring a 13.66 per
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  • Page 13 Advertisements
    • 153 13 <s smaran i ,n mb mm FIABCI Prix d Excellence Award 2013 sm JP*. -—is «r SiaOf nil PPUifcBSi THERE'S ALWAYS ROOM FOR MORE LUXURY AT THE TOP The penthouses of Soleil Sinaran embody the very finest in ultimate luxury living. The desirability is further heightened by the rarity of
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  • SINGAPORE
    • 455 14  -  Its artificial intelligence machines can fry 1 00 kg of rice in half an hour By Chan Yi Wen yiwenc@sph.com.sg EXACTLY three years ago, TungLok unveiled a robot wok that would automatically fry rice for its fast-food style Chinese restaurant, Ruyi, providing greater output at
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    • 436 14  -  By Lee U-Wen leeuwen@sph.com.sg TRADE ministers from Singapore and 11 other Pacific Rim countries will begin a decisive round of talks here today on the creation of a major trade deal that aims to slash tariffs and set trade rules
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    • 305 14  -  Some 6,000 expected to benefit from this scheme: Shanmugam By Lee U-Wen leeuwen@sph.com.sg THE government will give direct assistance and support to defendants in criminal cases through criminal legal aid. Details are still being worked out, but Law Minister K Shanmugam has said
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    • 746 15  -  Authority releases final draft, seeks feedback by Jan 17; 1-2 long-term buyers could get deal By Ronnie Lim ronnie@sph.com.sg FROM a “beauty contest” among up to three potential LNG suppliers, one or possibly two could be selected to become the long-term
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    • 658 15  -  By Grace Leong gleong@sph.com.sg THE use of correction fluid to amend entries in casino records is now strictly prohibited at Resorts World Sentosa (RWS), after three senior executives landed in the soup for hiding from the Casino Regulatory Authority (CRA)
      ST FILE PHOTO  -  658 words


  • Page 16 Advertisements
    • 222 16 THERE'S NOW A FASTER AND EASIER WAY TO FIND THE BEST CANDIDATE IT'S AS SIMPLE AS 1-2-3 r Visit our portal to self-register and place your ads online or email postad@STJobs.sg and we will post your ad for you. SMS a Call us Send your request to ***** according to
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  • WORLD
    • 297 17 Bloomberg Ho Chi Minh City VIETNAM’S success in attracting investment, generating growth and adding jobs is under threat from looming shortages of what keeps modern economies running: electricity. The risk of shortages took a turn for the worse last week when stateowned Vietnam Oil Gas
      Bloomberg  -  297 words
    • 323 17 Move to ensure trial reforms to currency, interest rates go smooth Reuters Shanghai CHINA’S top financial regulators will establish a joint coordinating committee to manage the implementation of trial reforms in Shanghai, a move to address widespread concerns that
      Reuters  -  323 words
    • 466 17 Reuters AP Shanghai CHINA will tighten restrictions on coal mining and roll out tougher measures to improve quality in a bid to reduce overcapacity and support prices in the sector, its economic planning agency said yesterday. The measures, taken by the world’s largest
      Reuters; AP; PHOTO: AP  -  466 words
    • 550 18 Stagnant economy shrinking fees from investment banking and merger advice, eroding returns WP London EUROPEAN banks, which eliminated more than 140,000 jobs in two years, are poised to keep shrinking. Lenders in the region probably will cut at least 5 per cent of
      WP  -  550 words
    • 423 18 Bloomberg Frankfurt THE Bundesbank yesterday raised its growth forecasts for Europe’s largest economy as domestic spending benefits from low unemployment and a boost in earnings. The Frankfurt-based central bank lifted its projection for 2013 to “no more than” 0.5 per cent expansion
      Bloomberg; PHOTO: BLOOMBERG  -  423 words
    • 418 19 Software giant helps break up largest infected global network of two million PCs Reuters San Francisco MICROSOFT Corp has said that it has disrupted the largest network of compromised personal computers, involving some two million machines around the world, since it stepped up its
      Reuters; PHOTO: BLOOMBERG  -  418 words
    • 327 19 Bloomberg Berlin GERMANY’S nationwide minimum wage to be introduced by Chancellor Angela Merkel’s third-term coalition risks killing jobs while failing to narrow income inequality, German economists have said. The 8.50 euro (S$14) per hour wage floor set in her governing pact
      Bloomberg  -  327 words
    • 162 19 Reuters Jakarta INDONESIA is considering incentives to encourage its nationals to repatriate some of their vast overseas currency holdings and support the rupiah, Asia’s weakest currency. The rupiah has slumped nearly 20 per cent this year, more than any other currency
      Reuters  -  162 words
    • 415 20  -  Critics fear reversion to draconian official secrecy environment of pre-war days By Anthony Rowley in Tokyo JAPAN yesterday passed a statesecrets law toughening penalties for leaks, despite public protests and criticism that it will muzzle the media and help cover up
      PHOTO: REUTERS  -  415 words
    • Briefing
      • 82 20 Reuters Kuala Lumpur Malaysia’s exports in October rose by a strong-er-than-expected 9.6 per cent from a year earlier, boosted by strong demand for refined petroleum products and higher electronics shipments to China, government data showed yesterday. Imports rose 13.9 per cent from the
        Reuters  -  82 words
      • 107 20 Reuters Amsterdam Philips and Samsung Electronics said yesterday they were among the companies visited by European Commission officers this week on suspicion of breaking competition rules, and that they were cooperating with the inspectors. The European Commission said on Thursday its officers had
        Reuters  -  107 words
      • 127 20 Bloomberg New York The 2,800 works in the Detroit Institute of Arts bought wholly or in part with city funds have a fair market value of US$452 million to US$866 million, according to the New York branch of Christie’s International. While the
        Bloomberg  -  127 words
    • 369 20 Bloomberg Tokyo BANK of Japan governor Haruhiko Kuroda’s payslip is 38 per cent less than his predecessor’s 15 years ago, underscoring Goldman Sachs Group’s warning that wages must rise for Abenomics to succeed. The central bank chief’s pay is about 24
      Bloomberg  -  369 words
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  • Page 19 Advertisements
    • 48 19 HOT PROPERTY T Ur r u SttoTfZ SE h M D a Nw G R£® L P°f Rd 4+1 MRT. Kena Lowest $4M! HOUSE IN THE EAST FOR SALE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
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  • SGX
    • 8013 21 Transaction date: Dec 6 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.5 8Telecom 11.6 11.5 13.2 10.6 0.9 9.6 55.6 20 3.2 A-Sonic 10.4 unch 934 10.6 10.4 10.4 10.5 1.3
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    • 1859 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 31 25 31 30.5 27.5 17.1 t 800 Super 24.5 22 24 3.2 4.1 7.6 43.8 6.2 2.8 t AA
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    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 3 0 0 0 6 5 3 Manufacturing 41 43 37 3 4 10 44 47 47 Commerce 14 21 25 5 5 2 19 26 27 Tpt/Stor/Comms 8 16 12
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    • 784 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 2 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) ABR Hldgs 05-Dec-13 Ang Yee Lim Buy 187 0.76 ***** 42.49 ***** 42.58 Courage Marine 05-Dec-13 Unit
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    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,030 11,030 54,801 54,801 Manufacturing 148,654 27,002 175,656 92,083 1,034 93,117 Commerce 79,253 306,144 385,397 65,766 27,429 93,195 Tpt/Stor/Comms 80,610 7,951 88,561 155,774 968 156,742 Finance 100,245 9 100,254 203,920 3 203,923 Construction 38,728 26,302
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  • MARKETS
    • 94 25 Dec 5 COCOA (£/tonne) Close Prev High Low Dec 13 1716 1721 1720 1706 Mar 14 1733 1736 1735 1722 May 14 1731 1735 1733 1721 Jul 14 1728 1732 1730 1718 COFFEE(US$/tonne) Close Prev High Low Jan 14 1686 1697 1709 1659 Mar 14 1656 1669 1687 1635
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    • 66 25 Dec 06 GOLD(US$/oz) Dec 06 Dec 05 Hong Kong 1237.00 1241.00 Dec 05 Dec 04 London 1227.54 1226.36 1228.76 1227.13 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.74 23.97 Source: UOB PLATINUM Lon (US$/oz) Dec 05 Close Previous PM Fix 1364.00 1357.00 AM Fix 1369.00 1353.00 Source:
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    • 57 25 Dec 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2620.0 2629.0 2628.0 2590.0 344 2092 Jan 14 2633.0 2658.0 2662.0 2620.0 2595 ***** Feb 14 2645.0 2670.0 2673.0 2630.0 ***** ***** Mar 14 2650.0 2673.0
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    • 88 25 Dec 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****E 30-May-14 0.28 1-Year BY*****T 31-Oct-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.6 101.70 101.63 5-Year N*****0T 0.5 01-Apr-18 98.69 98.80 98.80
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    • 155 25 Dec 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1352 1.1355 0.9053 0.9054 Canadian dollar 1.1758 1.1763 0.9380 0.9376 Euro 1.7131 1.7136 1.3661 1.3664 NZ dollar 1.0263 1.0270 0.8184 0.8189 Sterling pound 2.0487 2.0493 1.6337 1.6341
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    • 118 25 Dec 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.162 1.107 Can dollar 1.198 1.152 Euro 1.753 1.670 Sterling pound 2.086 2.006 NZ dollar 1.054 1.014 US dollar 1.279 1.219 Local dollars to 100 units of foreign currency: Currencies Sell
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    • 105 25 Dec 5 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 14 1328.00 1329.50 1333.00 1316.00 Mar 14 1311.75 1312.25 1315.25 1301.00 May 14 1297.25 1295.75 1299.00 1287.50 Jul 14 1289.75 1288.00 1291.25 1280.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 13 40.38 40.14 40.48
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    • Article, Illustration
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    • 68 25 Dec 05 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 111.41 -0.96 WTI (Near Mth) 97.54 0.42 Dubai (1-Mth F) 107.45 -0.30 Tapis blend 117.65 -0.46 Minas 111.45 -0.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.72 -0.78 Jet Kerosene 127.95 -0.15 US$/barrel OpecOil Basket Price 108.22
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    • 72 25 Dec 05 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1714.00 1727.25 3 months 1758.00 1772.00 Copper, Grade A (US$/tonne) Cash 7064.75 7091.50 3 months 7069.00 7095.00 Lead (US$/tonne) Cash 2058.25 2060.00 3 months 2085.00 2085.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Dec 5 Index Change Change Change Change Change Change World Preliminary 1141.1 -0.5 21.6 -0.5 22.6 -0.3 19.5 EAFE Preliminary 917.4 -0.7 18.4 -0.5 17.5 -0.3 14.5 Europe Preliminary 1300.6 -0.6 13.4
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  • PERSPECTIVE
    • 1270 26 / 27  -  The shortage of oil led to the Japanese attack on Pearl Harbor. By David L Roll ~David L Roll, an attorney and contributor to The Globalist, where this feature first appeared, is the author of The Hopkins Touch: Harry Hopkins and
      FILE PHOTO  -  1,270 words
  • Page 26 / 27 Miscellaneous
    • 324 26 / 27 SATURDAY with Ludwig A yuan for your thoughts CRYPTIC CROSSWORD Across 1 Having for sale item put up for the present time (8) 6 Unveil the ultimate sex-op surgery (6) 9 Opinion to contradict loudly (6) 10 A race of more than local interest (8) 11 Spot of colour trouble
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  • Wealth
    • 1157 28 There is a lack of accountability as regulators have not agreed on how to classify the virtual currency NYT New York THE call went out on Twitter: “For insane profits come and join the pump.” It was an invitation to a penny stock-style pump-and-dump
      NYT; PHOTO: AP  -  1,157 words
    • WEALTH REAL ESTATE
      • 739 30 Developers paying top dollar for such properties thanks to strong residential condominium market NYT New York AFTER 40 years, the United Cerebral Palsy of New York City plans to move from its headquarters in the Gramercy Park neighbourhood of Manhattan. It is selling the
        NYT; PHOTO: THE NEW YORK TIMES  -  739 words
      • 314 30 Reuters London BRITISH house prices last month rose at their fastest pace in more than six years but could slow as weak wage growth puts pressure on personal finances, mortgage lender Halifax said yesterday. Average house prices in the three
        Reuters  -  314 words
      • 179 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN OCT 30 AND NOV 5, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 10 NON-LANDED Gardenville Apt 30/10/2013 FH 1582 3200 2022 District 14 NON-LANDED Grandview Suites Apt 31/10/2013 FH
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      • 1312 31 Most of the country’s 31 states see an exodus of new homeowners who say builders reneged on their promises Bloomberg Mexico City THREE years into her home-ownership dream, Martha Orozco has had enough. Stuck in a government-sponsored complex called Parque San Mateo that’s two
        Bloomberg; PHOTO: BLOOMBERG  -  1,312 words

  • Page 29 Advertisements
    • 131 29 Tracking markets. Capturing opportunities. Do you have time to do both? At UBS, we work hard to help make our clients even more successful. By harnessing the power of over 900 economists, analysts and strategists including specialists in every major market in Asia Pacific who monitor the markets 24 hours
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  • Page 32 Advertisements
    • 157 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX, THE JURA. FOR MILLENIA, A HARSH, UNYIELDING ENVIRONMENT A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE EXISTENCE A SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE
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  • Page 1 Advertisements
    • 59 1 BT THE BUSINESS TIMES WEEKEND DECEMBER 7 8 2013 Living MAKER’S MARK Young local designers with their award-winning work L2-4 CHRISTMAS For foodies, with love L5-7 COVER DESIGN: PATRICIA P. HUSADA PHOTO: SUPERMAMA TRAVEL Bathed in history L10-11 MOTORING Coupe de grace L15 DESTINATION DINING Tokyo revisited L12-13 GOLF What
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  • BT Living
    • DESIGN
      • Article, Illustration
        2934 2 / 3  -  Young local designers are making a difference with award-winning concepts. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg Edwin Low SINGAPORE ICONS WHEN it comes to recognisable homeware items, Japan has brands such as Muji and Yu Nakagawa, Hong Kong has Goods of Desire and Malaysia has
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    • CHRISTMAS
      • 1753 5  -  Too many gifts to buy and not sure where to start? Debbie Yong and Rachel Loi pick the brains of leading F&B professionals on their strategies for Christmas shopping and what they’ll be giving foodie friends this year. Debbie Yong Rachel Loi Jeremy Nguee Chef and
        1,753 words
    • DINING
      • 1678 8 / 9  -  2013 may have been the year of Spanish tapas but the Italians are swiftly striking back with small plates restos offering value for money eats. By Debbie Yong By Debbie Yong debyong@sph.com.sg Morsi and Sorsi 51 Telok Ayer Street, #01-02 Z6222 7530 Open 8am to 8.30pm,
        PHOTOS: JOSEPH NAIR  -  1,678 words
    • TRAVEL
      • 1079 10 / 11  -  Apart from modern sanitation, Hoshi Onsen Chojukan in Gunma prefecture has remained as it was when it was built 140 years ago. By Jaime Ee By Jaime Ee jaime@sph.com.sg THERE is no shower. How do you say, “where is the shower?” in Japanese? You tap and push
        1,079 words
      • 384 10 / 11  -  By Jaime Ee AT 36 years old, a little closer to civilisation and with in-room showers (and private baths in some rooms), Ryokan Tanigawa is a baby compared to Chojukan, but what it lacks in age it makes up for with a happy blend of
        384 words
    • DESTINATION DINING
      • Article, Illustration
        1558 12 / 13  -  checks out two young promising Tokyo chefs and a veteran three-star Michelin alumnus who’s ventured out on his own Jaime Ee jaime@sph.com.sg Refreshingly different Restaurant 81 5-25-2 B1F Nishi-Ikebukuro, Toshima-ku Z+81 3 6909 4850 www.81restaurant.com. THE comparisons with cult eatery Aronia de Takazawa are inevitable from the
        1,558 words
    • MOTORING
      • 556 14  -  The Mazda2 electric vehicle uses a small rotary engine to double its range. By Samuel Ee samuelee@sph.com.sg MAZDA may have stopped selling cars with rotary engines but that doesn’t mean it will stop making these small but punchy motors. When it comes to the rotary engine, no one
        556 words
      • Article, Illustration
        647 15  -  The Rolls-Royce Wraith impresses with its dramatic styling and performance. By Samuel Ee samuelee@sph.com.sg THE Rolls-Royce Wraith may be the genteel marque’s most dynamic model to date but the biggest impression it makes is in its styling. The Wraith is a massive fastback coupe with the familiar
        PHOTOS: ROLLS-ROYCE WRAITH, JAMES LIPMAN  -  647 words
    • GOLF
      • 940 16  -  ChristmasWith the festive season just around the corner, here is a shopping list for golf enthusiasts. By Justine Moss Cobra Puma Golf Baffler XL Driver and Fairway Woods IN its Baffler stable are the XL Drivers, XL Hybrids, XL Fairway woods and XL Irons. The
        940 words



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    • 216 8 / 9 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or
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