The Business Times, 1 January 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL32956
Total Pages: 49
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    20 1 THE BUSINESS TIMES www. usinesstimes.com.sg WEDNESDAY, JANUARY 1, 2014 S$1.00| S$1.00| MCI (P) 085/08/2013 sph A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon Economy up 3.7% – at higher end of forecast
    578 1  - Economy up 3.7% at higher end of forecast Growth figure better than expected and median salaries up 3.9% in real terms By Chuang Peck Ming peckming@sph.com.sg Singapore THE economy grew 3.7 per cent last year, near the top end of the official forecast of between 3.5 and 4 per cent.
    FILE PHOTO  -  578 words
  • Article
    Lock icon Hopes for better market after a year of doubt
    1631 1  -  Analysts target STI of 3,000 to 3,500 points; banks, oil and gas continue to be favoured over property By Cai Haoxiang haoxiang@sph.com.sg Singapore DOUBT slipped into the local market in the Year of the Snake amid tapering talk, property-cooling measures and
    1,631 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      53 1 the LOOKING Mr |6-7 OOKING The Business Times wishes its readers A Very Happy New Year WINDOW ON 2014 Nineteen prominent leaders including George Soros, Bill Gates and Shinzo Abe on the prospects for the coming year PAGES S1-S20 The SME Magazine coming to you with your copy of The
      53 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      23 1 INVESTING Contrarian investors a bit better off 4 PERSPECTIVE A tramway system for Singapore? 24-25 LOOKING BACK Mr Annus Horribilis |6-7 OOKING BACK
      23 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon S’pore bank lending continues to pick up
      491 2  -  It climbs 2.1% in Nov, driven by resilient consumer borrowing, rise in business loans By Andrea Soh sandrea@sph.com.sg Singapore IN a sign that the economy is continuing to strengthen, growth momentum in bank lending in Singapore continued to pick up in November, driven
      491 words
    • Article, Illustration
      Lock icon Re-enactment of first flight to mark 100 years of commercial aviation
      554 2  -  By Nisha Ramchandani nishar@sph.com.sg Singapore ONE hundred years ago, the first commercial flight took to the skies with just one passenger for the 23-minute journey across Tampa Bay, Florida. Today, that flight is being re-enacted (10am US Eastern Standard
      PHOTO: STATE ARCHIVES OF FLORIDA  -  554 words
    • MARKETS
      • Article
        Lock icon STOCKS
        54 2 GSTI 3,167.43 (+14.14) GSTI FUTURES 3,167.00 (+14.00) GSIMSCI 364.80 (+1.91) GSIMSCI FUTURES 365.20 (+3.20) STOCKS Tuesday Change KL COMP 1,866.96 -5.56 NIKKEI 225 Closed HANG SENG 23,306.39 +61.52 SET Closed JAKARTA Closed MANILA Closed KOSPI Closed SHENZHEN B 868.11 +6.52 MUMBAI IND 21,153.96 +10.95 Monday’s close Change DOW 16,504.29
        54 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.629 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
        29 words
      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.653 2.091 EURO (US$/S$/€ 1.378 1.743 Foreign currency per US$ S$ YEN 105.00 83.00 RM 3.277 2.591 HK$ 7.754 6.132 BAHT 32.81 25.94 RUPIAH 12,180 9,632 RENMINBI 6.053 4.787 INDIAN RUPEE 61.75 48.84 A$ 1.121 0.886 NZ$ 1.218 0.963
        50 words
    • Article
      Lock icon Contrarian investors a bit better off in 2013
      548 4  -  But jumping on the bandwagon didn’t hurt investors either By Kenneth Lim kenlim@sph.com.sg Singapore EVIDENCE suggests that a contrarian investor tends to outperform a follower of consensus over time, but contrarian investing is often easier in theory than in practice. Current numbers
      548 words
    • Article, Illustration
      Lock icon Naughty and nice for 2014
      691 4 It’s too late now to try and get onto Santa’s delivery schedule if you weren’t already on it. Better to look ahead and see if you can get rewarded this year. Here is a list of investment ideas for 2014 to help you plan, with
      BT Graphics: Gareth Chung, Jennifer Chua  -  691 words
    • Article, Illustration
      Lock icon Mr Annus Horribilis
      958 6 / 7  -  2013 has been the kind ofyearthat Singapore will beglad to seethe back of but here is a look at it s front as we bid i t farewell By Joyce Hooi joyceh@sph.com.sg IF 2013 had been a person, it would have been a sorry sight, bruised by
      BT ILLUSTRATION: JONATHAN GOH, PATRICIA P. HUSADA PHOTOS; FILE PHOTOS  -  958 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      42 2 CONTENTS NEWS Top Stories 2-5 Mr Annus Horribilis 6-7 Companies 8-9 Singapore News 10 World 11-15 STI in 2013 16-17 Shipping News 18 Aviation 19 Crosswords 19 Land Transport 20 Perspective 24-25 Stocks Stats 26-30 Executive Money 31-32 Window on 2014 S1-20
      42 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      23 3 Spend at The Hour Glass* 24 months Instalment 40 months Instalment $5,000 $209/month $125/month $10,000 $417/month $250/month $15,000 $625/month $375/month $20,000 $834/month $500/month
      23 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      33 5 i/v/V $5 MILLION New Year Draw Draw on Fri, 3 Jan 2014 at 9.30pm For details, visit www.singaporepools.com.sg p Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
      33 words
Page thumbnail Page 6 / 7
Page thumbnail Page 8
  • COMPANIES
    • Article
      Lock icon HanKore shares soar on plans for RTO deal
      453 8  -  Stock closes 35% higher at 10.8 cents in heavy trading By Michelle Quah michquah@sph.com.sg Singapore INVESTORS pounced on shares of HanKore Environment Tech Group yesterday after the wa-ter-treatment technology firm unveiled on Monday its plans for a reverse takeover deal with China
      453 words
    • Article
      Lock icon Transpac unveils operations revamp; proposes dividend, bonus warrants
      415 8  -  By Joyce Hooi joyceh@sph.com.sg Singapore TRANSPAC Industrial Holdings (Transpac) plans to terminate its agreement with its investment manager, Transpac Capital Pte Ltd, for $13.75 million in an “internalisation exercise”. As part of the exercise, Transpac will take the investment services in-house by
      415 words
    • Article
      Lock icon Offshore oil & gas contractor, oncology firm eye Catalist listing
      518 8  - Offshore oil gas contractor, oncology firm eye Catalist listing By Jacquelyn Cheok jaccheok@sph.com.sg Singapore TWO Singapore Exchange Catalist prospects are set to kick-start the country’s initial public offering (IPO) market this year, with preliminary offer documents to be filed this week. Offshore oil gas contractor Kim Heng Offshore and Marine
      518 words
    • Article, Illustration
      Lock icon Final push enables STI to close year in the black
      549 9  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THERE were no surprises in yesterday’s session as the Straits Times Index enjoyed a push that took it 14.14 points up to 3,167.43, a gain of just 0.35 point or 0.01 per cent for
      549 words
    • Article
      Lock icon Acma unit’s distributor signs additives deal with Trans-Cab
      167 9  -  By R Sivanithy sivan@sph.com.sg Singapore ACMA Ltd’s 20 per cent-owned associate Femto said its Singapore distributor, Enermax, has signed an agreement with Trans-Cab Services to sell Femto’s fuel-saving additives to Trans-Cab’s taxi drivers. “The additives, when added to engine oil, has been
      167 words
    • Article
      Lock icon TOP 20 ACTIVES
      178 9 VOL CLOSE HanKore 780,724 1 0.8 2.8 35 0 Char i sma Energy 250,235 8.2 0.0 0 0 Otto Mar i ne 187,879 9.5 0.3 3 3 Albedo 148,169 5.7 -0.2 -3 4 S i ngHa i yi 1 1 0,739 2.1 0.0 0 0 Xpress 103,624
      178 words
    • Article
      Lock icon STI STOCKS
      111 9 Stock name Close Change CapMallsAsia 1.960 -0.005 CapitaLand 3.030 +0.010 CapitaMall 1.905 +0.015 CityDev 9.600 +0.030 ComfortDelGro 2.010 +0.010 DBS Grp 17.10 +0.100 GLP 2.890 +0.020 Genting SP 1.495 +0.025 Golden Agri 0.545 HK Land 5.900 +0.070 HPH Trust US$ 0.675 +0.005 JMH 52.31 +0.210 JSH 32.00 -0.130
      111 words
    • Article
      Lock icon TOP GAINERS
      62 9 BY CENTS CLOSE UP DBXT MSTaiwan 10US$ 1989 77.4 3.2 DBXT MSAsExJp 10US$ 3400 48.2 1.1 DBXT MSCHINA 10US$ 1266 34.3 2.2 DBXT S&P500 10US$ 3043 29.2 0.8 JMH 5231 26.6 0.4 DBXT MSINDO 10us$ 1147 24.1 1.7 DBXT FTVietnam 10US$ 2397 16.5 0.5 DBS Bk 4.7% NCPS
      62 words
    • Article
      Lock icon TOP LOSERS
      56 9 BY CENTS CLOSEDOWN GLD 10US$ ***** -79.9 -0.5 Lyxor ThaiSET 10US$ ***** -69.8 -0.5 Jardine C&C 3595 -28.0 -0.8 JSH 3200 -16.5 -0.4 Biosensors.ES.1312 83 -8.5 -9.3 Novo Grp 10.5 -8.0 -43.2 IS LC BND 100US$ 923 -7.6 -0.6 EzionHldg 222 -7.0 -3.1 Hyflux 6% CPS 10 *****
      56 words
    • Article, Illustration
      Lock icon US$211.5m contract helps SembMarine end year with record order backlog
      413 9  -  By Lisa Lee lisalcc@sph.com.sg Singapore SEMBCORP Marine’s (SembMarine) PPL Shipyard has secured a US$211.5 million contract from Perisai Petroleum Teknologi Bhd to build a high-speci-fication Pacific Class 400 jack-up rig, its third for the fast-expand-ing Malaysian oil services company. This
      413 words
  • Page 8 Advertisements
Page thumbnail Page 9
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article
      Lock icon Tweak tax schemes in 2014: Deloitte
      588 10  -  Its Budget wishlist includes extending PIC scheme and making enhanced R&D spending deductions permanent By Lee Meixian leemx@sph.com.sg DELOITTE Singapore is calling for tweaks to corporate tax schemes and enhanced tax deductions for Budget 2014, as firms struggle to cope with rising rental and
      588 words
    • Article
      Lock icon Cost fears dull appetite for Din Tai Fung at Tanglin Club
      433 10  -  By Chan Yi Wen yiwenc@sph.com.sg CONCERN over higher prices was a factor which led Tanglin Club members to oppose having a Chinese restaurant run by a popular Chinese eatery chain. More than 60 per cent of members of the
      433 words
    • Article, Illustration
      Lock icon Learning through playing
      180 10 STARHUB and local e-learning company Skoolbo recently completed their Tablets Programme for 18 students aged seven to nine from low-income families in the South East District. The students scored an average improvement rate of 32.8 per cent on Skoolbo Core Skills, a free app for English and
      180 words
Page thumbnail Page 11
  • WORLD
    • Article, Illustration
      Lock icon Malaysia widens efforts to cut public spending
      540 11 It will reduce entertainment budgets, freeze applications to renovate offices Bloomberg Singapore MALAYSIA will reduce the entertainment budgets of ministers and freeze applications to renovate government offices as Prime Minister Najib Razak widens efforts to cut public spending. Eleven measures to curb government
      Bloomberg; PHOTO: AFP  -  540 words
    • Article, Illustration
      Lock icon Chinese-run factories are Italian city’s boon & bane
      1057 12 Chinese-run factories are Italian city’s boon bane They export cheap clothes across Europe using illegal fabric, labour Reuters Prato, Italy SHEN Jianhe lost both her job and home when Italian police shut down her garment factory in the Tuscan city of Prato. By day, the 38-year-old mother of four would
      Reuters; PHOTO: REUTERS  -  1,057 words
    • Article
      Lock icon Former BOE deputy governor Tucker awarded knighthood
      464 12 Bloomberg London FORMER Bank of England deputy governor Paul Tucker, who lost out on the top job at the central bank after being drawn into the Libor-rigging scandal, was given a knighthood in Britain’s New Year’s honours list. Mr Tucker “made a substantial
      Bloomberg  -  464 words
    • Article
      Lock icon 4 brokers in China rapped over late trades
      487 14 The transactions, for foreign investors, caused a sudden drop in some blue chips, says Shanghai exchange Reuters Shanghai THE Shanghai Stock Exchange has criticised four Chinese securities brokerages for late trades on behalf of foreign investors that caused a sudden tumble in
      Reuters  -  487 words
    • Article
      Lock icon Beijing re-opens IPO path, okays 5 firms’ US$353m share sale
      434 14 Bloomberg Shanghai CHINA’S securities regulator has approved the initial public offerings of five companies seeking to raise about US$353 million, paving the way for share sales to resume after a freeze of more than one year. Neway Valve (Suzhou) Co
      Bloomberg  -  434 words
    • Article
      Lock icon HK monetary authority takes more anti-counterfeit steps
      241 14 Bloomberg Hong Kong HONG KONG’S banking regulator has introduced more measures to stem counterfeiting after fake HK$1,000 (S$163) notes were found in the city and Macau in the past two weeks. The Hong Kong Monetary Authority has asked banks to provide employees with
      Bloomberg  -  241 words
    • Article, Illustration
      Lock icon US-style startups venture into tough Indian territory
      618 15 India has yet to attract American entrepreneurism because of red tape and pressure of bribes NYT Mumbai INDIA has built a reputation as a notoriously tough place to do business, one that has stymied even giants such as Walmart. And unlike Silicon Valley,
      NYT; PHOTO: NYT  -  618 words
    • Briefing
      • Article
        Lock icon Netflix ups execs’ pay
        125 15 Reuters Washington Netflix Inc has raised the salary of its chief executive Reed Hastings by 50 per cent to US$6 million for 2014, a regulatory filing showed, as its stock quadrupled in value last year amid new programming and a growth in subscriber base. Mr Hastings
        Reuters  -  125 words
      • Article
        Lock icon Vietnam to ease curbs on listed firms
        147 15 Reuters Hanoi Vietnam’s prime minister is expected within days to approve an amended law allowing foreigners to own up to 60 per cent of shares in some listed firms, the latest incremental move towards easing tight state controls on the economy. The draft,
        Reuters  -  147 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      83 11 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE JUST HIS CUP OF TEA: How restlessness helped to brew an idea into the Gryphon Tea Company GETTING THE MONEY: Proving your commercial viability to obtain financing STAYING IN STYLE: How The Luxe
      83 words
Page thumbnail Page 12
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      539 13 The Art Science of Effective Communication Who should attend: Managers, team leaders and other general management professionals, marketing professionals, retail professionals, customer service professionals, business owners, educators, executives and anyone interested in effective communication in and out of the office. Productivity ar >d Innovation Credit (P|Q Claimable 2014 JANUARY SERIES
      539 words
Page thumbnail Page 14
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      49 15 HWM GADGETS Fresh Gear, Great Deals! GADGETS J WIN! Download HWM GADGETS onto your iPad for free and stand a chance to win a Parallels Desktop 9 for Mac worth $98! Stay up-to-date on the latest launches in town Enjoy special promotions from brands and retailers „G GADGETS sPHmagazines
      49 words
Page thumbnail Page 16 / 17
  • STI 2013
    • Article, Illustration
      Lock icon 2013 A Tale of TAPERING
      1147 16 / 17  -  TEXT: R R SIVANITHY THAN KS mainly to the vast money printing exercises around the world, the local market enjoyed a decent first five months, with the Straits Times Index gaining about 9 percent at its 2013 high despite fresh government property curbs. The market
      PHOTOS: AFP , REUTERS, SPH FILE  -  1,147 words
Page thumbnail Page 18
  • TRANSPORT HUB: SHIPPING
    • Article
      Lock icon New year, new challenges
      639 18  -  Rigorous enforcement of Maritime Labour Convention in some countries may throw up unforeseen issues STRAIT TALK By David Hughes LAST year was difficult for the shipping industry, but it was generally better than the year before, as evidenced by the steady stream of new-build orders. Indeed,
      639 words
    • Article, Illustration
      Lock icon Cyclone hits Western Australia ore shipments
      593 18 Bloomberg Melbourne A CYCLONE that’s halted ironore shipments from northern Australia, the world’s biggest exporter, is tracking inland towards the Pilbara mining region, bringing heavy rainfall and triggering flood warnings. Tropical Cyclone Christine was downgraded to a Category 2 storm (from Category 3) after
      Bloomberg; PHOTO: REUTERS  -  593 words
    • Article
      Lock icon Blizzard stalls rescue of ship passengers
      180 18 Reu ters Sydney FOG and heavy snow mean passengers on a Russian ship stranded in Antarctica for over a week are likely to ring in the New Year trapped in the ice, as a rescue helicopter on a nearby Chinese ship waits for the
      Reuters  -  180 words
Page thumbnail Page 19
  • TRANSPORT HUB: AVIATION
    • Article
      Lock icon NYC sues FedEx over contraband cigarettes
      336 19 City claims millions of cartons were delivered to homes Reuters New York NEW York City has sued FedEx Corp, accusing it of illegally delivering millions of contraband cigarettes to people’s homes and seeking US$52 million in fines and unpaid taxes. The lawsuit, filed in
      Reuters  -  336 words
    • Article
      Lock icon FAA to pick locations for testing drone aircraft
      534 19 NYT Washington THE Federal Aviation Administration (FAA) will authorise test sites for drone aircraft in upstate New York, New Jersey and seven other states, the agency said on Monday, preparing for a time when unmanned aircraft of various shapes and sizes cruise
      NYT  -  534 words
  • Page 19 Advertisements
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      319 19 CRYPTIC CROSSWORD Across 1 Worst ring women give (6) 5 Came across a number, say a figure of speech (8) 9 Target set when following races at sea (8) 10 Major part of seductive woman’s refrain (6) 11 Away kit is better (8) 12 Still on board for this game?
      319 words
Page thumbnail Page 20
  • TRANSPORT HUB: LAND
    • Article
      Lock icon Ford widens US sales lead over Toyota
      556 20 It is heading for its fourth straight year as the top-selling US car brand Bloomberg Michigan FORD Motor Co said that US sales for its main brand will surpass 2.4 million vehicles in 2013, as record demand for its Fusion sedan and hybrid
      Bloomberg  -  556 words
    • Article, Illustration
      Lock icon Carmakers add noise to electric cars – for safety reasons
      557 20 Carmakers add noise to electric cars for safety reasons WP Frankfurt CHRISTOPH Meier, a sound engineer at Mercedes-Benz parent Daimler, typically spends time making engine noise less jarring. For the carmaker’s new electric models, he’s had to do the opposite create sound. For Daimler’s e-Smart city car, Mr Meier and
      WP; FILE PHOTO  -  557 words
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      66 20 Into its 11thedition Participate In Singapore’s MEGA FOOD Singapor e*s MEGA BEVERAGE FAIR SUNTEC Singapore Halls 401-403 27th Feb 2nd Mar 2014 Book Now *Limited Booths Available! *****620 or Email: sales@exhibitsinc.com.sg Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD FOOD FAIR AND CONSUMER ELECTRONICS EXHIBITION) BLOCK 8,
      66 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      121 21 Shanghai Chittagong C a i l a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe i s b a n
      121 words
  • Article
    Lock icon SHIPPING TIMES
    2307 21 Guam Saipan Chuuk Majuro Pohnpei Vessel Voy Sin Pusan Majuro Tarawa Port Villa Noumea Lautoka Suva Apia Pago Pago Papeete Nukualofa Santo Rabaul Lae P. Moresby Townsville Northern Promotion 029E 8 Jan 20 Jan 3 Feb 7 Feb 10 Feb Northern Promotion 029E 8 Jan 29 Jan 11
    2,307 words
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      66 23 sh/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327. THE BUSINESS TIMES Shipping Times PLACE YOUR AD HERE r The Business Times Shipping Times CALL JOE WONG AT 9620 1327 Shipping lines seeking reliable TO ADVERTISE, CALL
      66 words
Page thumbnail Page 24 / 25
  • PERSPECTIVE
    • Article, Illustration
      Lock icon Trams around the island?
      944 24 / 25  -  A tramway system in Singapore can provide an efficient and environmentally friendly form of public transport. By Filippo Scotti D Albertis By Filippo Scotti D Albertis ~The writer is managing director Asia Australasia, Alstom Transport IN A developed and thriving city like Singapore, the need for
      FILE PHOTO  -  944 words
    • Article, Illustration
      Lock icon A meteor’s warning and the Pope’s love and truth message
      1015 24 / 25  -  By Stephen L Carter ~The writer is a Bloomberg View columnist and a professor of law at Yale University. He is the author of The Violence of Peace: America’s Wars in the Age of Obama and the novel The Impeachment
      Bloomberg; PHOTO: AFP  -  1,015 words
Page thumbnail Page 26
  • SGX
    • Article
      Lock icon SGX MAINBOARD
      7918 26 Transaction date: Dec 31 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 10.6 0.9 9.6 55.6 20 3.3 A-Sonic 11.4 -0.1 1722 11.5 11.3 11.4 11.5 1.1 81.6
      7,918 words
    • Article
      Lock icon SGX CATALIST
      1858 29 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 26 26.5 31 25.6 27.5 17.1 t 800 Super 22 22.5 24 3.2 4.5 6.9 39.3 6.2 2.8 t AA
      1,858 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 29 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 2 0 0 0 9 3 2 Manufacturing 44 38 43 8 7 6 52 45 49 Commerce 21 11 21 4 4 2 25 15 23 Tpt/Stor/Comms 9 11 13
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 29 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,847 14,847 87,436 87,436 Manufacturing 544,743 79,821 624,564 145,579 2,693 148,272 Commerce 231,071 263,964 495,035 56,235 25,584 81,819 Tpt/Stor/Comms 112,132 1,769 113,901 191,029 215 191,244 Finance 47,927 113 48,040 268,445 25 268,470 Construction 44,565 256,397
      121 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      800 29 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 30 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Serial System 30-Dec-13 Goh Bak Heng Buy 125 0.13 *****1 37.26 *****6 37.27 Pacific Radiance 27-Dec-13 Pang
      800 words
    • Article
      Lock icon LIFFE
      93 30 Dec 30 COCOA (£/tonne) Close Prev High Low Mar 14 1716 1760 1762 1715 May 14 1713 1755 1758 1711 Jul 14 1709 1749 1752 1708 Sep 14 1708 1743 1738 1705 COFFEE(US$/tonne) Close Prev High Low Jan 14 1696 1710 1717 1690 Mar 14 1694 1714 1719 1690
      93 words
    • Article
      Lock icon METALS
      68 30 Dec 31 GOLD(US$/oz) Dec 31 Dec 30 Hong Kong 1207.00 1205.00 Dec 30 Dec 27 London 1205.63 1215.83 1206.35 1216.46 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.34 24.56 Source: UOB PLATINUM Lon (US$/oz) Dec 30 Close Previous PM Fix 1357.00 1374.00 AM Fix 1363.00 1367.00 Source:
      68 words
    • Article
      Lock icon PALM OIL
      57 30 Dec 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2595.0 2603.0 2600.0 2592.0 70 2110 Feb 14 2608.0 2624.0 2626.0 2606.0 140 ***** Mar 14 2614.0 2631.0 2635.0 2614.0 3467 ***** Apr 14 2622.0 2634.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 30 Dec 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.29 1-Year BY*****T 31-Oct-14 0.3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.68 101.78 101.75 5-Year N*****0T 0.5 01-Apr-18 97.6 10-Year NX*****H
      86 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 30 Dec 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1275 1.1286 0.8920 0.8922 Canadian dollar 1.1875 1.1888 0.9398 0.9395 Euro 1.7420 1.7435 1.3782 1.3783 NZ dollar 1.0380 1.0391 0.8212 0.8214 Sterling pound 2.0896 2.0918 1.6532 1.6536
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 30 Dec 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.155 1.100 Can dollar 1.211 1.165 Euro 1.790 1.705 Sterling pound 2.128 2.047 NZ dollar 1.064 1.024 US dollar 1.292 1.231 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon CHICAGO BOT
      105 30 Dec 30 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 14 1328.25 1331.50 1333.25 1319.25 Mar 14 1308.75 1313.75 1316.00 1299.50 May 14 1292.00 1298.75 1300.25 1283.75 Jul 14 1278.75 1286.25 1286.75 1271.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jan 14 38.62 39.02 39.08
      105 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      2 30
      2 words
    • Article
      Lock icon OIL
      68 30 Dec 30 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 111.12 -1.38 WTI (Near Mth) 99.21 -1.02 Dubai (1-Mth F) 108.70 0.16 Tapis blend 117.79 0.90 Minas 111.29 0.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.72 0.55 Jet Kerosene 127.92 0.79 US$/barrel OpecOil Basket Price 109.35
      68 words
    • Article
      Lock icon LONDON METALS
      72 30 Dec 30 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1776.75 1764.00 3 months 1822.00 1810.00 Copper, Grade A (US$/tonne) Cash 7387.50 7395.75 3 months 7375.00 7382.00 Lead (US$/tonne) Cash 2230.75 2264.50 3 months 2255.50 2287.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Dec 30 Index Change Change Change Change Change Change World Preliminary 1180.5 0.0 25.8 0.2 28.3 0.1 23.7 EAFE Preliminary 954.9 0.1 23.3 0.4 23.8 0.3 19.3 Europe Preliminary 1352.3 -0.2 17.9
      373 words
Page thumbnail Page 27
Page thumbnail Page 28
Page thumbnail Page 29
Page thumbnail Page 30
Page thumbnail Page 31
  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon Paulson gains as ‘Mooch’ rotates to stocks
      1335 31 His funds benefit from an injection of US$490m from SkyBridge’s main fund of funds Bloomberg New York HEDGE-FUND manager John Paulson is one of the biggest beneficiaries of a great rotation from bonds to stocks at the firm led by Anthony “the Mooch”
      Bloomberg; PHOTO: BLOOMBERG  -  1,335 words
    • Article, Illustration
      Lock icon Fund firm to launch Main St mutual fund with Wall St assets
      590 32 Gottex is latest firm to tap growing demand for portfolios that are less correlated to broader markets Reuters Boston HEDGE FUND firm Gottex Fund Management is readying a new mutual fund that will let retail clients sample asset
      Reuters; PHOTO: AFP  -  590 words
    • Article
      Lock icon Commodity hedge fund Higgs Capital closes
      517 32 Reuters New York COMMODITY hedge fund Higgs Capital Management, founded by two former bank commodity executives, will wind down and return money to investors as it faces headwinds raising money, joining other commodity funds that closed this year. The fund will return investor money
      Reuters  -  517 words
Page thumbnail Page 32
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      163 1 Window on 2014 BT THE BUSINESS TIMES WEDNESDAY JANUARY 1, 201 GEORGE SOROS The shifting world economy S2 KAUSHIK BASU The fear of L S3 JOSEPH E STIGLITZ The Great Malaise is dragging on S4 DOMINIC BARTON The Age of Disruption S5 SHINZO ABE Japan’s coming wage surprise S6 NIALL
      163 words
Page thumbnail Page 2
  • BT Window on 2014
    • Article, Illustration
      Lock icon The shifting world economy
      1274 2  -  The major uncertainty today is not the euro but the future direction of China. By George Soros ~The writer is chairman of Soros Fund Management and of the Open Society Foundation New York AS 2013 comes to a close, efforts to revive growth in the world's
      PHOTO: REUTERS  -  1,274 words
    • Article, Illustration
      Lock icon The fear of L
      1061 3  -  Recovery could be L-shaped, as we are still hovering on the edge of a precipice. By Kaushik Basu By Kaushik Basu ~The writer is senior vice-president and chief economist of the World Bank Washington, DC FOR the last few years, economists have been running through the
      PHOTO: AFP  -  1,061 words
    • Article, Illustration
      Lock icon The Great Malaise is dragging on
      975 4  -  The global market economy is not working, and we still have unmet needs and underutilised resources. By Joseph E Stiglitz By Joseph E Stiglitz ~The writer, a Nobel laureate in economics, is University Professor at Columbia University New York THERE’S something dismal about writing
      PHOTO: REUTERS  -  975 words
    • Article, Illustration
      Lock icon The Age of Disruption
      1084 5  -  The ability to capture, organise, extract insights from and transact with data has now become a core competency for every industry and across every sector. By Dominic Barton By Dominic Barton ~The writer is the global managing director of McKinsey Company London THE year 2013 moved
      PHOTO: REUTERS  -  1,084 words
    • Article, Illustration
      Lock icon Japan’s coming wage surprise
      942 6  -  Japan now has a shared sense that the government, major industries and organised labour should work together to increase wages and bonuses. By Shinzo Abe By Shinzo Abe ~The writer is Prime Minister of Japan Tokyo HE year 2013 saw the Japanese economy turn the corner
      PHOTO: REUTERS  -  942 words
    • Article, Illustration
      Lock icon Welcome to Rehab World
      1056 7  -  The mismatch between advanced-economy under-performance and resurgent growth in the rest of the world raises a few questions. By Niall Ferguson ~The writer is Professor of History at Harvard University and the author of, most recently, The Great Degeneration Cambridge PERHAPS we should call 2013 the
      FILE PHOTO  -  1,056 words
    • Article, Illustration
      Lock icon Debt and demand
      1041 8  -  Rising leverage leads to crisis and recession, so policymakers must consider whether rapid credit growth is really necessary. By Adair Turner By Adair Turner ~The writer, former chairman of the United Kingdom’s Financial Services Authority, is a member of the UK’s Financial Policy Committee and the House
      PHOTO: REUTERS  -  1,041 words
    • Article, Illustration
      Lock icon The global impact of US shale
      1161 9  -  The country no longer imports LNG, saving US$100b annually; and Europe’s competitiveness is reduced, causing shifts to global politics. By Daniel Yergin By Daniel Yergin ~The writer, vice-chairman of IHS, is the author of The Quest: Energy, Security, and the Remaking of the Modern
      PHOTO: BLOOMBERG  -  1,161 words
    • Article, Illustration
      Lock icon Middle East security in 2014
      1061 10  -  The region’s recent turbulence has made forecasting the course of events there even more treacherous. By Ehud Barak By Ehud Barak ~The writer was Prime Minister of Israel (1999-2001) and Minister of Defence (2009-2013) Jerusalem THE Middle East is a region where predictions go to
      PHOTO: REUTERS  -  1,061 words
    • Article, Illustration
      Lock icon Economic shadows and light
      936 11  -  Formalising every economy should be viewed as a global public good. By Mehmet Simsek ~The writer is Minister of Finance of Turkey Ankara IF IT is true that we live in a global village bound to one another through commercial, financial, and social ties then it
      PHOTO: BLOOMBERG  -  936 words
    • Article, Illustration
      Lock icon Has Iran changed?
      1058 12  -  Since his election in June, Iran’s new president, Hassan Rouhani, has signalled a more moderate stance in his country’s international relations. By Turki bin Faisal al-Saud By Turki bin Faisal al-Saud ~The writer chairman of the King Faisal Center for Research and Islamic Studies, was director-general of
      PHOTO: AFP  -  1,058 words
    • Article, Illustration
      Lock icon What Iran wants
      1433 13  -  Commitment to moderation has led to the interim international agreement reached last November on Iran’s nuclear programme. By Hassan Rouhani By Hassan Rouhani ~The writer is President of the Islamic Republic of Iran Teheran WHEN I campaigned to become President of Iran, I promised to balance realism
      PHOTO: AFP  -  1,433 words
    • Article, Illustration
      Lock icon The bewildered kingdom
      1043 14  -  The Arab Spring revolutions have fundamentally undermined the pillars of the old regional system with which Saudi Arabia was so comfortable. By Mai Yamani By Mai Yamani ~The writer’s most recent book is Cradle of Islam London DURING the three years of political upheaval in the Middle
      PHOTO: REUTERS  -  1,043 words
    • Article, Illustration
      Lock icon A future made in Europe
      942 15  -  EU leaders should shift their focus back to the real economy and the industrial base. By Enrico Letta ~The writer is Prime Minister of Italy Rome OVER the last three years, the European Union, faced with the imperative of calming roiled markets and laying the
      FILE PHOTO  -  942 words
    • Article, Illustration
      Lock icon Reforming France
      888 16  -  The key to success has been justice, balance and social dialogue. By Jean-Marc Ayrault ~The writer is Prime Minister of France Paris BEFORE the end of 2013, the French Parliament enacted a comprehensive pension overhaul, which is essential not only to putting France’s public finances on a sound
      PHOTO: AFP  -  888 words
    • Article, Illustration
      Lock icon The distributional challenge
      1068 17  -  The pursuit of sustainable patterns of equitable and inclusive growth will be a defining feature of economic policymaking in 2014. By Michael Spence By Michael Spence ~The writer, a Nobel laureate in economics, is Professor of Economics at New York University’s Stern School of Business and Senior
      PHOTO: AFP  -  1,068 words
    • Article, Illustration
      Lock icon Reinventing the inter-Korean relationship
      1271 18  -  The trust-building process is intended to build sustainable peace on the Korean Peninsula. By Park Geun Hye ~The writer is President of the Republic of Korea Seoul ON FEB 12, 2013, North Korea carried out its third nuclear test in the run-up to the inauguration of
      PHOTO: REUTERS  -  1,271 words
    • Article, Illustration
      Lock icon Mexico turns a corner
      729 19  -  A political innovation has united leaders around a shared reform agenda. By Enrique Pena Nieto ~The writer is President of Mexico Mexico City YEARS of political squabbling and divided governments weakened state institutions in Mexico, greatly hampering their ability to meet their basic obligations to the
      PHOTO: AFP  -  729 words
    • Article, Illustration
      Lock icon The emerging world’s vaccine pioneers
      1035 20  -  Brazil, China and India have faced many health challenges, and now are using their experience and technical capacity to help other countries. By Bill Gates By Bill Gates ~The writer is co-chair of the Bill Melinda Gates Foundation Seattle VACCINES work wonders. They prevent disease
      PHOTO: REUTERS  -  1,035 words
Page thumbnail Page 3
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
Page thumbnail Page 7
Page thumbnail Page 8
Page thumbnail Page 9
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
Page thumbnail Page 17
Page thumbnail Page 18
Page thumbnail Page 19
Page thumbnail Page 20