The Business Times, 13 January 2014
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2014-01-13
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The Business Times
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Title Section25 2014-01-13 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, January 13, 201425 words
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Article, Illustration877 2014-01-13 1 TEH SHI NING - Several bosses also flag social issues such as income gap, ageing and healthcare costs BUDGET 2014 By TEH SHI NING tshining@sph.com.sg [SINGAPORE] What Singapore’s business leaders most hope for from Budget 2014 has changed little over the past few years of economic restructuring:PHOTO: BLOOMBERG - 877 words
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MARKETS DIGEST
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Article57 2014-01-13 1 Weekly Change ST INDEX 3,143.87 +12.40 KL COMP 1,826.61 -8.13 NIKKEI 225 15,912.06 -379.25 HANG SENG 22,846.25 +28.97 SET INDEX 1,255.45 +30.83 JAKARTA COMP 4,254.97 -2.69 MANILA COMP 5,842.88 -105.05 SEOUL COMP 1,938.54 -7.60 SHENZHEN B 843.00 -16.92 MUMBAI IND 20,758.49 -92.84 DOW 16,437.05 -32.94 NASDAQ 4,174.66 +42.75 S&P57 words
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Article21 2014-01-13 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA 14.900 TAIWAN BRITAIN JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg21 words
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Article49 2014-01-13 1 US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.647 2.091 EURO (US$/S$/E) 1.361 1.728 Foreign currency per US$ S$ YEN 105.00 82.70 RM 3.269 2.575 HK$ 7.754 6.107 BAHT 33.04 26.02 RUPIAH 12,167 9,582 RENMINBI 6.052 4.767 INDIAN RUPEE 61.84 48.70 A$ 1.124 0.885 NZ$ 1.214 0.95649 words
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759 2014-01-13 1 MINDY TAN - How much it’s hurt will depend on how quickly political situation is resolved By tanmindy@sph.com.sg MINDY TAN tanmindy@sph.com.sg [SINGAPORE] With Thai developers already cutting back on marketing and promotional campaigns in the light of investors taking a wait-and-see approach, the extent to which Bangkok’s759 words
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Advertisement95 2014-01-13 1 YEAR IN REVIEW: ELECTRONICS Better global demand seen boosting semicon sector PAGE 5 DINING OUT High art of the Japanese open kitchen PAGE 21 TOPLINE Banking on a passion for jewellery PAGE 6 BOARDROOM MATTERS Corporate governance why bother? PAGE 6 BT WEBSITES For breaking news, go to businesstimes.com.sg. For95 words
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TOP STORIES
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864 2014-01-13 2 ROB CURRAN - Dismal employment data could be due to the weather, rather than the state of the economy WALL STREET INSIGHT By ROB CURRAN THIS week, traders will look at earnings and sales reports to divine whether a shockingly bad December jobs report was a864 words
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Article, Illustration584 2014-01-13 2 ANDREA SOH - Chief economist sees smaller home supply in long term Reports by ANDREA SOH sandrea@sph.com.sg [SINGAPORE] The government is not likely to be unwinding any of its property cooling measures this year, said Maybank Kim Eng head of research Ng Wee Siang. “AsPHOTO: YEN MENG JIIN - 584 words
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Article473 2014-01-13 2 Business costs, labour crunch still key concerns WHAT Singapore’s business leaders most hope for from Budget 2014 has changed little over the past few years of economic restructuring: help with business costs and labour shortages. FRONT PAGE Thai property market bruised, not battered THE extent to which Bangkok’s473 words
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381 2014-01-13 2 [SINGAPORE] Even as OCBC’s shares slid over news of its plans to acquire Wing Hang Bank in Hong Kong, its second-largest shareholder is optimistic about the planned investment. Wing Hang Bank’s expertise in small and medium enterprise and trade finance in China will help to381 words
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Article, Illustration508 2014-01-13 2 But Suthep rules out compromise talks with Yingluck govt Reuters [BANGKOK] The leader of a movement trying to topple Thailand’s government said he would call off his protest if civil war threatened to break out, but rejected any compromise with the governmentReuters; PHOTO: REUTERS - 508 words
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Article, Illustration1071 2014-01-13 5 LEE MEIXIAN - Industry weaning off reliance on US, Europe as Asian markets strengthen YEAR IN REVIEW: ELECTRONICS Reports by LEE MEIXIAN leemx@sph.com.sg [SINGAPORE] The old has gone, the new has come. After the global downturn that the semiconductor industry was mired in last year, 2014PHOTO: BLOOMBERG - 1,071 words
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Article18 2014-01-13 5 Branchen Stars R1C-A 30/12/2013 203,44 EUR I db X-MACRO Trading Index Fund I4D 23/12/2013 87,25 GBP18 words
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477 2014-01-13 5 [SINGAPORE] The year 2013 had gone off on a slow start as major manufacturers came out from a period of high inventories and a generally weak semiconductor market. Uncertainties that plagued the global economy, compounded with a softening mobile phone market, continued to affect477 words
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Advertisement7 2014-01-13 3 SHOWROOM 8 TAGORE DRIVE #04-00 SINGAPORE *****47 words
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Advertisement1799 2014-01-13 4 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 1DM EG502D H2F3GDJ/ F.3 bW-Q,)+,)g’NP I-’JN 9N+&fFIQ ,M 8I-Kg+,)Na b!,/+g-c 9NKI(’)g’I,-R&/fN)< D\\E\A=\=Sa 9NKI(’N)NP ;MhQN< "N-PN/NN) 9,gP 1\?_\@ 8I-Kg+,)N CC==BB D2.G5M 2L 9DD-9F JMDM09F EMM.GDJ R;6W
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Advertisement159 2014-01-13 5 Celebrate the art of prosperity. Enjoy Prosperity Savings of up to 12% on selected models. Additional savings for the first 30 units only. Celebrate this Lunar New Year with these iconic works of art. Enjoy Prosperity Savings on the C-Class and M-Class, as well as the new E-Class Saloon, Cabriolet159 words
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COMPANY NEWS
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Article, Illustration775 2014-01-13 6 LEE U-WEN - Pawnbroker ValueMax aims to grow here and in Malaysia following its October IPO, reportsLEE U-WEN TOPLINE LEE U-WEN leeuwen@sph.com.sg YEAH Hiang Nam is a much busier man these days. There are noticeably more meetings to attend, more research analysts contacting him as well asPHOTO: ARTHUR LEE - 775 words
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Article, Illustration840 2014-01-13 6 WILLIE CHENG - BOARDROOM MATTERS By WILLIE CHENG The writer is chairman of the Singapore Institute of Directors. This article first appeared in BTInvest, http://www.btinvest.com.sg/specials/boardro om/corporate-governance-why-bother/ A CEO of a major listed company once said to me: “You know, corporate governance is for the other guy.” That statement, althoughPHOTO: STOCKXCHNG - 840 words
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Article, Illustration1715 2014-01-13 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE first full week of 2014 saw more buying by directors, with 14 companies recording 35 purchases worth $8.76 million up sharply from the previous week’s four-day totals of nine firms and1,715 words
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Advertisement24 2014-01-13 6 .}<$|),];?(?]+$|/:}/$!$)*]!*{~, GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.24 words
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Advertisement29 2014-01-13 7 s tv BNP PARIBAS The bank for a changing world I 'I I We strive for your success WEALTH LIE INVESTMENT B v |L.t, 3r*«| -*<r g 'W com.29 words
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SINGAPORE MARKETS
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Article, Illustration607 2014-01-13 8 R SIVANITHY - STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE stock market just loves new catch-phras-es, abbreviations and acronyms. And in recent years, we have had to digest a virtual barrage of them. We had “irrational exuberance” and “subprime assets” such as MBOs (mortgage-backed securities) and CDOs (collateralised debt607 words
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512 2014-01-13 8 CURRENCIES Bloomberg [NEW YORK] The US dollar last week had the biggest weekly drop against the yen in almost three months as US payrolls rose less than forecast in December, fuelling concern that the Federal Reserve will slow reduction in bond-buying. Canada’s dollar weakenedBloomberg - 512 words
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853 2014-01-13 8 COMMODITIES AFP [LONDON] Global oil prices last week sank to an eight-month low in New York on high US crude and product stockpiles that indicated supplies continue to outpace demand. Commodity markets also reacted on Friday to weaker-than-expected economic dataAFP - 853 words
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Article1495 2014-01-13 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 1.75 1.75 4 10.43 13.57 1.75 1.40 Amtek Engineering Ltd 3.00 3.00 2 0.05 7.69 0.52 0.49 ARA Asset Management Ltd 2.291,495 words
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Article76 2014-01-13 8 Jan 10 VALUE CLOSE BT OB/OS -54.00-199.00 BT CADI -*****.00 -24.00 BT 10-day MA -*****.00 -5.00 FTSE ST Mid Cap 720.10 +0.51 FTSE ST Small Cap 545.41 -0.50 FTSE ST All Share 764.13 -0.24 FTSE ST China Top 202.04 +1.14 FTSE ST China 229.50 +0.74 FTSE ST76 words
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Article58 2014-01-13 8 VOLUME Charisma Energy 1,808,710,000 Albedo 1,065,691,000 HanKore 1,053,639,000 KLW Hldgs 1,035,599,000 Memstar 1,030,056,000 SingHaiyi 788,004,000 Vallianz Hldgs 430,203,000 CCM Group W*****0 380,036,000 GSH Corp 353,311,000 Otto Marine 346,696,000 VALUE($) OCBC Bk 432,693,656 SingTel 284,022,280 DBS Grp 280,999,354 UOB 155,332,723 Charisma Energy 150,874,584 HanKore 125,841,564 Keppel Corp 113,096,54058 words
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Article113 2014-01-13 8 BY CENTS CLOSE UP Lyxor AsiaIT 10US$ 3300 978.9 30.5 SPDR DJIA 10US$ ***** 695.7 3.5 DBXT AUDCS 5AU$ ***** 375.1 1.6 Lyxor ThaiSET 10US$ ***** 248.8 1.8 DBXT FTVietnam 10US$ 2538 154.9 5.0 JSH 3310 99.0 2.4 Jardine C&C 3650 83.0 2.3 DBXT E50 10US$ 5144 78.7 1.2113 words
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Article126 2014-01-13 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -333.9 -2.5 IS S&P500 ***** -149.8 -0.6 DBXT FTChina25 10US$ 2844 -96.5 -2.6 OCBC Bk.ES.1401 975 -47.0 -4.6 DBXT CSI300 10US$ 686 -36.8 -4.1 KrisEnergy 86 -36.0 -29.5 DBXT MSMSIA 10US$ 1495 -34.3 -1.8 DBXT MSINDO 10us$ 1122 -31.7 -2.2 DBXT126 words
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Advertisement1496 2014-01-13 9 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CLA/AUG06/g CATS Recruit The first door to your world of opportunities Group Ltd. (Incorporated in the Republic of Singapore) (Company Registration No. *****6220H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be1,496 words
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SINGAPORE NEWS
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Article, Illustration550 2014-01-13 10 MINDY TAN - By MINDY TAN tanmindy@sph.com.sg Unsung heroes help bone marrow patients, orphans FREELANCE photographer Ng Chin Seng did not think much about joining the Bone Marrow Donor Programme’s (BMDP) donor registry after he had signed up in 2005. After all, the odds of becoming a bone marrow match are550 words
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Article, Illustration360 2014-01-13 10 ARTHUR LEE - By ARTHUR LEE arthurl@sph.com.sg HONGBAOS provide an excellent opportunity for banks to enhance their branding and many probably spend quite a bit on them though none would reveal their costs. The nicest ones are given out to very rich clients byPHOTO: ARTHUR LEE - 360 words
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Article329 2014-01-13 10 COMPANY MEETING PLACE DATE TIME Jiutian Chemical E M Hotel Singapore Anson IV Level 2 81 Anson Road 13-Jan 9.30am AIMS AMP E William Pickering Ballroom Level 2 Parkroyal on Pickering 16-Jan 2.00pm Westminster Travel E 120 Robinson Road #08-01 16-Jan 2.30pm CosmoSteel Hldgs A Jurong Country Club329 words
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Article586 2014-01-13 10 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop Securities (Sep-Dec 2013) ct 0.150 27-Dec 31-Dec 21-Mar 18-Dec BRC Asia an 0.800 10-Apr 14-Apr 23-Apr 07-Jan BRC Asia bh 0.400 10-Apr 14-Apr 23-Apr 07-Jan China Southern Air ADR 10 ah 34.551 18-Jun 20-Jun ai 11-Jun586 words
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Article269 2014-01-13 10 Jan 10 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications Bangkok Bank Public Co. Ltd ...6.00 Bank of China Limited Bank of Taiwan Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale269 words
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336 2014-01-13 10 Bloomberg [SINGAPORE] Singapore plans to almost double the capacity of its airport over the next decade with two terminals as economic growth in the Asia-Pacific region makes it more affordable for people to travel by air. Changi airport, Asia’s second-busiest for internationalBloomberg - 336 words
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Advertisement83 2014-01-13 10 •r \V ss N Ft A N LOGISTICS EFFICIENCY. One-Stop Logistics Hub Transport, Warehouse Container Depot Solutions An integrated container depot on the roof top enhancing logistics efficiency and productivity Strategically located at 1 Buroh Crescent 5-storey ramp-up warehouse with sizes from 80,000 to 280,000 sq.ft. High number of dock83 words
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Advertisement81 2014-01-13 10 KnightFrank.com.sg Knight Frank FREEHOLD RETAIL MALL IN PRIME ORCHARD RD I H t C.V'^ SUBJECT PROPERTY Q pS> 40 El FOR SALE BY EXPRESSION OF INTEREST THE CENTREPOINT 1 Prominent frontage 1 Walking distance to Somerset MRT Station 1 Great potential for retailers looking for a flagship retail 1 Potential81 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration2250 2014-01-13 11 CAI HAOXIANG - Retirement systems around the developed world are facing the problems of not being able to pay out what was promised, or falling short of giving what people need for a reasonable standard of living in their old age. SMU president Arnoud De Meyer and MIT SloanFILE PHOTO - 2,250 words
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683 2014-01-13 11 CAI HAOXIANG - Annuity CPF Life provides a monthly payout for as long as one lives, from age 65 By CAI HAOXIANG haoxiang@sph.com.sg THE cornerstone of Singapore’s retirement system is the venerable Central Provident Fund (CPF) introduced in 1955 as a compulsory savings scheme. It was later683 words
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Advertisement156 2014-01-13 11 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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VIEWS FROM THE TOP
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Article, Illustration3128 2014-01-13 12 THIS WEEK’S TOPIC: What should be the theme of the 2014 Budget? What key issues should the Budget address and what specific initiatives for your industry or for taxpayers do you hope to see? Joe Poon President Xchanging, South-east Asia EARLY days are the bestPHOTO: AFP - 3,128 words
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Advertisement478 2014-01-13 13 F&N TREASURY PTE. LTD. (UEN/Company Registration No. *****7668D) (Incorporated in the Republic of Singapore) Notice to holders of the outstanding S$108,250,000 5.50 per cent. Notes due 2016 comprised in Series 009 (ISIN: SG7S*****461) (the “Series 009 Notes”) S$200,000,000 6.00 per cent. Notes due 2019 comprised in Series 010 (ISIN: SG7S*****098)478 words
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Advertisement211 2014-01-13 13 SMU Master of Science in CFO Leadership From Finance Leader to Business Partner Make Your Mark in Every Role School of Accountancy The Master of Science in CFO Leadership programme at Singapore Management University is the first postgraduate degree programme specially designed to develop CFOs and finance leaders for today’s211 words
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MALAYSIA/INDONESIA
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Article, Illustration733 2014-01-13 14 Concession given on their assurance that they will soon build local smelters Reuters [JAKARTA] Indonesia, one of the world’s biggest resource exporters, halted all mineral ore exports yesterday in a bid to promote domestic processing, but the country’s president passed aReuters; PHOTO: AFP - 733 words
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453 2014-01-13 14 [PETALING JAYA] BlackRock Inc, the world’s largest asset manager based in New York, is reducing shares in Malaysian companies, betting that stocks in other regional markets will rise at a faster pace this year. The FTSE Bursa Malaysia KL Composite Index (FBM453 words
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Article1420 2014-01-13 14 VOL Jan 10 RM +/-(‘000) A M Realty 1.15 0.09 5309 VOL Advance Synerg 0.14 -0.01 118 Adventa Bhd 1.10 -0.02 107 Ae Multi Hldgs 0.21 -0.01 25 Affin Holdings 4.14 -0.02 62 Ahmad Zaki Res Airasia Bhd 2.39 0.01 6253 Alliance Finan Aluminium Co 0.65 -0.01 151,420 words
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228 2014-01-13 14 [JOHOR BARU] Johor is poised to become a major chocolate-manufacturing state with a projected annual total of 360,000 tonnes of industrial chocolates by the year 2020, Menteri Besar Mohamed Khaled Nordin said. This would generate a revenue of RM400 billion (S$155 billion) for228 words
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Advertisement168 2014-01-13 14 SINGAPORE MENSHEALTH.COM.SG URBANATHLON 2014 THE TOUGHEST URBAN RACE EVER! 14KM ROUTE, 9 URBAN OBSTACLES FINALCALLFOR REGISTRATION! LIMITEDSPACES LEFT,SOHURRY SIGNUPBEFORE31JAN! MARCH 2, 2014 (SUN) 7AM THE FLOAT AT MARINA BAY THIS YEAR’S RACE IS GUARANTEED TO BE YOUR TOUGHEST EVER, WITH 5 NEW OBSTACLES AND A MYSTERY CHALLENGE! Allparticipantswillreceivearacepackworthover$400,including a$35Adidasracetee, finisher’sT-shirt,medalandpersonalisedcertificate,168 words
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GREATER CHINA/INDIA
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824 2014-01-13 15 Policymakers press ahead with crackdown on shadow financing Re uters [BEIJING] China’s central bank looks set to risk another cash crunch at the end of this month, barely a month after the last market squeeze, as policymakers press ahead with a crackdown onReuters - 824 words
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Article, Illustration584 2014-01-13 15 British firm Vedanta can’t mine bauxite in Orissa’s hills AFP [NEW DELHI] An Indian tribe dubbed the “real-life Avatar” after the Hollywood blockbuster have won their decade-long fight to stop British resources giant Vedanta from mining bauxite in hills they regard as sacred,AFP; AFP FILE PHOTOS - 584 words
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391 2014-01-13 15 Move sparks talk of state intervention in IPO market Reuters [SHANGHAI] A small drug maker based in eastern China has shelved its share-sale plan less than two weeks after the country’s initial public offering (IPO) market reopened, sparking speculation of governmentReuters - 391 words
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Advertisement387 2014-01-13 15 Invitation to About OMNI The WSQ Operations Management Innovation (OMNI) Programme was launched on 3rd August, 2010 by Mr Lee Yi Shyan, Senior Minister of State, Ministry of Trade and Industry and Ministry of National Development. This programme is jointly organised by The Workforce Development Authority (WDA) and SIMTech. OMNI387 words
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WORLD
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Article, Illustration250 2014-01-13 16 AFP [LONDON] Jaguar Land Rover (JLR), the largest car manufacturer in Britain, achieved record global sales in 2013, the Indianowned luxury carmaker said yesterday. JLR said it sold 425,006 vehicles last year up 19 per cent on 2012 setting new sales recordsAFP - 250 words
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Article, Illustration892 2014-01-13 16 This has resulted in all-cash nature of the trade, creating big security concerns NYT [SEATTLE] In his secondfloor office above a hair salon in north Seattle, Ryan Kunkel is seated on a couch placing US$1,000 bricks of cash dozens ofNYT; PHOTO: BLOOMBERG - 892 words
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Article, Illustration714 2014-01-13 16 Reuters [NEW YORK] Now that more than two million people have signed up for private insurance plans created by President Barack Obama’s healthcare law, a crucial next check-up for the new marketplace will be to see how old customers are. Early data fromReuters; PHOTO: REUTERS - 714 words
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Article, Illustration400 2014-01-13 16 His controversial life has inspired admiration and provoked revulsion AFP [JERUSALEM] Israelis yesterday paid their last respects to Ariel Sharon, whose controversial life inspired admiration and provoked revulsion and whose death drew emotional reaction even after eight years in a coma. Celebrated as aAFP; PHOTO: AFP - 400 words
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Article, Illustration844 2014-01-13 17 ANTHONY ROWLEY - Anti-nuke forces in Tokyo polls, drive against new US base emerge as threats By in ANTHONY ROWLEY in Tokyo LOCAL politics in Japan are presenting a sudden and unexpected threat to some of Prime Minister Shinzo Abe’s key policies and to his strongPHOTO: BLOOMBERG - 844 words
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361 2014-01-13 17 This comes after report that hackers stole data of 70m Target customers Reuters [BOSTON] Target Corp and Neiman Marcus are not the only US retailers whose networks were breached over the holiday shopping season late last year, according to sources familiar withReuters - 361 words
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Article, Illustration804 2014-01-13 18 Investors buying up once-risky assets again; borrowing rates fall sharply AFP [PARIS] The eurozone may be finally returning to some semblance of normality after years of debt crisis that brought fear to the world. It has been two years since the now 18-memberAFP; PHOTO: BLOOMBERG - 804 words
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467 2014-01-13 18 £30m investment, though small, is a big boost for sector Reuters [LONDON] Total is set to become the first major oil company to invest in Britain’s nascent shale gas industry, boosting the industry’s profile in a country seen as one of Europe’s strongest prospectsReuters - 467 words
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Article, Illustration695 2014-01-13 18 Its 2012 concession fees come to just over 30,000 euros AFP [STOCKHOLM] Sweden scores high in international rankings of mining nations, but concern is growing that the Scandinavian country is selling its vast underground resources far too cheaply. While concession fees areAFP; PHOTO: AFP - 695 words
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Article, Illustration693 2014-01-13 19 Pictet, Mirabaud and Lombard Odier trade exclusive status for mainstream banking AFP [GENEVA] The exclusive Swiss private banking sector has been revolutionised by key players Pictet, Lombard Odier and Mirabaud, amid a tough new regulatory environment and a crackdown on tax cheats.AFP; PHOTO: BLOOMBERG - 693 words
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522 2014-01-13 19 Bourses mull ban on issuance by newly listed firms Bloom berg [NEW YORK] The paper stock certificate, a relic of the pre-electronic age, may finally be on its way out of the US. IntercontinentalExchange Group Inc, the operator of theBloomberg - 522 words
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Advertisement138 2014-01-13 16 Myanmar o Civil Aviation Development Conference 2014 24 26 March 20 1 4 I Yangon, Myanmar Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. Terms and conditions apply To register, visit www.mcadc.sphereconferences.com or contact Jiahui at jiahui@sphereconferences.com or138 words
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Advertisement212 2014-01-13 16 Often, we overlook the pitfalls of investing and we lose our investment capital. At times, we wonder how we can stretch our dollars and invest to grow our nest eggs. This book analyses the different financial instruments available, such as savings, insurance, stocks and property investments to give us a212 words
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Advertisement576 2014-01-13 17 F&N TREASURY PTE. LTD. (UEN/Company Registration No. *****7668D) (Incorporated in the Republic of Singapore) Notice to holders of the outstanding S$220,000,000 2.48 Per Cent. Bonds Due 2016 (ISIN: SG**********) (the “5-Year Bonds”) S$80,000,000 3.15 Per Cent. Bonds Due 2018 (ISIN: SG**********) (the “7-Year Bonds” and, together with the 5-Year Bonds,576 words
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Advertisement1338 2014-01-13 17 v NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF EDHEC RISK INDICES BENCHMARKS PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****7466Z) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies1,338 words
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Advertisement57 2014-01-13 18 Sl^ <* itiog ASIA’S LARGEST' Educational Kids’ Fair i Join us at Asia's Largest Education Fair! Singapore Expo Hall 5 21 -23 March 2014 BOOK NOW! Limited Booths available! ryt es vs m Sr For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 939157 words
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Advertisement5 2014-01-13 18 NOW! *****620 or Email: sales@exhibitsinc.com.sg5 words
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Advertisement2091 2014-01-13 19 beats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1140 of 2013 In the Matter of Section 210 of the Companies Act, Chapter 50 And In the Matter of Kreuz Holdings Limited (Registration No. *****3628R) …Applicant SCHEME OF ARRANGEMENT2,091 words
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AVIATION/SHIPPING
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799 2014-01-13 20 It had dramatically improved sales of its A320 with newer and better engines Reuters [PARIS] After dramatically improving sales of its A320 jet by revamping it with newer and more efficient engines, Europe’s Airbus is studying whether to apply the same formula toReuters - 799 words
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291 2014-01-13 20 All eyes on who will helm operations as Seapor takes over [GEORGETOWN] Penang Port, the oldest operating port in Malaysia, is finally run by a private entity, with its new owner Seaport Terminal (Johor) Sdn Bhd taking over management operations. Malaysia’s Business Times291 words
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Article, Illustration515 2014-01-13 20 Reuters [MADRID] Sacyr, the Spanish building company leading a consortium to expand the Panama Canal, said it risks losing US$574 million in guarantees and advance payments if a spat over cost overruns at the multi-bil-lion dollar project is not resolved. InReuters; PHOTO: REUTERS - 515 words
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786 2014-01-13 20 WP [FRANKFURT] Deutsche Lufthansa and Air France-KLM Group, absorbed with plans to end short-haul losses, saw their lead in European aviation slip last year as British Airways owner IAG bulked up by extending a takeover spree. Deutsche Lufthansa, Europe’s sec-ond-biggest carrier, boostedWP - 786 words
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Article250 2014-01-13 20 SGX '000 Jan 10 S$ +/-Vol Ch Offshore 0.43 unch 224 Chuan Hup Hldg 0.26 -0.01 58 Cosco Corp 0.75 unch 1590 Cwt Limited 1.36 0.02 173 Ezra Hldgs 1.34 -0.04 ***** First Ship Lea unch unch 0 Grand Banks..............0.22 unch 285 Jaya Hold Ltd unch K1Ventures 0.19250 words
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Page 20 Advertisements
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Advertisement48 2014-01-13 20 Exhibit and sell your products and services to thousands of women with buying power. Ladies’ Expo is set to deliver the mid-to high-end platform for a showcase of the most posh and chic in beauty, fashion, nutrition, health, wellness, sports, fitness, shopping and more! *****620 or Email: sales@exhibitsinc.com.sg48 words
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Advertisement25 2014-01-13 20 Rent unchanged while pay increased over 2500 tenants benefit from Public Rental Scheme change 1 2500‘t‘fflP mmmmmmmfsg To subscribe, call 6388-3838 or go to sphsubscription.com.sg25 words
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Page 20 Miscellaneous
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Miscellaneous322 2014-01-13 20 CRYPTIC CROSSWORD Across 1 Won’t it give you a free ride? (7) 5 Settled for having team in scarlet (7) 9 A grain that’s seen only in oak (5) 10 Delegates sort out dispute with Middle West (9) 11 Bacterium may be found on all meals badly cooked (10) 12322 words
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DINING OUT
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Article, Illustration1087 2014-01-13 21 JAIME EE - Chef Kitagawa Tomohiro excels in traditional Kappo cuisine, plating up elaborate treats for the senses, writesJAIME JAIME EE jaime@sph.com.sg NEW RESTAURANT Kappo Yorito 60 Robertson Quay #01-04A (The Quayside) Tel: 6733 6315 Open for dinner only Mon to Sat: 6pm to 2am “THEPHOTOS: JAIME EE - 1,087 words
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Page 21 Advertisements
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Advertisement380 2014-01-13 21 iiSA^Jb J*: «*v ■v. Celebrate the rhapsody of spring BT Wine, Dine Hospitality Pages save more than I <? Co|ful\-C°' For advertisement bookings and sales enquiries, please contact; Lawrence Chang 9229 4919 Rachel Khoo 9298 9465 Ellen Lee 9368 3533 Alisa Tan 9154 8381 Francis Yeo *****356 Vanessa Fong 9625380 words
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Page 22 Advertisements
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Advertisement133 2014-01-13 22 Shanghai Chittagong C a il 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 e133 words
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Advertisement18 2014-01-13 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times18 words
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Article2348 2014-01-13 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 THE2,348 words
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Page 23 Advertisements
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Advertisement91 2014-01-13 23 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 I USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If91 words
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SINGAPORE STOCKS
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Article3276 2014-01-13 24 Week ended: Jan 10 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14.4 11.5 8Telecom Vol AAT Last Quote Div GrYld Net 11.5 7 AEM High Low 188 106 AIMSAMPIReit Sale ('000) High3,276 words
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Article318 2014-01-13 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Last Vol Week 2.4 1.1 t Advanced System 1.3 +0.1 ***** 1.4 1.2 1.2 1.3 22.9 Net M Cap318 words
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Article114 2014-01-13 25 Stock name Close Change CapMallsAsia 1.935 CapitaLand 2.960 -0.010 CapitaMall 1.865 +0.005 CityDev 9.500 ComfortDelGro 2.000 +0.005 DBS Grp 17.370 +0.030 GLP 2.920 -0.010 Genting SP 1.485 -0.015 Golden Agri 0.530 HK Land 6.250 +0.090 Stock name Close Change HPH Trust US$ 0.675 JMH 53.610 -0.240114 words
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Article2003 2014-01-13 25 Transaction date: Jan 10 HONG KONG Vol HK$ +/-'000 Aeon Stores ■000 Angang Steel 4.94 -0.06 ***** Anhui Conch unch Anhuiexpresswa 4.07 -0.01 664 Asia Satellite 29.20 -0.50 8 Asm Pacific Avic Ihl Angang Steel 4.94 Baiyunshan Ph ***** Bank Of China 3.46 0.04 *****3 Bank Of E2,003 words
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Article251 2014-01-13 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US43.5 unch ***** 44.5 43 43 43.5 2864.3 Sale 318 191 TanChongInt HK302 -2 294 308 300 302 307 4.3 2.3251 words
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Article186 2014-01-13 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 0 0 0 6 6 3 Manufacturing 61 91 31 11 20 7 72 111 38 Commerce 29 28 19 4 12 2 33 40 21 Tpt/Stor/Comms 16 19 8186 words
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Article1024 2014-01-13 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122 108.3 ABF SG Bond ETF 113 +0.1 55 113.2 113 112 113 515.8 143 124 CIMB APAC Div 100S$D 124 -1.7 3 124.5 124 123.91,024 words
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Article123 2014-01-13 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 336,950 336,950 217,464 217,464 Manufacturing 3,138,127 1,463,871 4,601,998 732,240 64,238 796,478 Commerce 1,845,550 2,139,276 3,984,826 288,982 205,487 494,469 Tpt/Stor/Comms 415,965 18,028 433,993 609,122 2,122 611,244 Finance 287,276 902 288,178 931,724 289 932,013 Construction 324,718 1,956,510123 words
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Page 25 Advertisements
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Advertisement26 2014-01-13 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article722 2014-01-13 26 Jan 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.15 *****.14 *****.70 Mar14 *****.00 *****.00 *****.00 *****.00 *****0 *****1 Jun14 *****.00 *****.00 *****.00 *****.00 18 1843 MSCI TAIWAN INDEX FUTURES SPOT 298.16 298.39 297.14 Jan14 296.30 297.80 295.10 297.50 ***** *****3 Feb14 295.70722 words
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373 2014-01-13 26 In local curr In S$ In US$ dy yr dy yr dy yr Jan 10 Index Change Change Change Change Change Change World Preliminary 1179.9 0.0 -0.4 -0.1 -0.3 0.3 -0.6 EAFE Preliminary 956.8 0.4 0.1 0.6 0.1 0.9 -0.3 Europe Preliminary 1360.4 0.6 0.4373 words
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Article471 2014-01-13 26 Jan 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.965 5.386 0.654 6.901 55.027 108.270 0.934 9.445 2.909 1.080 93.827 39.787 1.130 9.599 0.807 26.804 29.398 0.540 0.890 Canada 1.036 5.580471 words
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Article34 2014-01-13 26 Jan 10 (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 Reuters34 words
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Article86 2014-01-13 26 Jan 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.59 5-Year N*****0T 0.5 01-Apr-18 97.47 97.50 97.50 10-Year NX*****H86 words
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Article138 2014-01-13 26 Jan 10 GOLD(US$/oz) Jan 10 Jan 09 Hong Kong 1242.00 1233.00 Jan 10 Jan 09 London 1246.07 1226.40 1246.72 1227.05 Source: Thomson Reuters CAST BAR Jan 10 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 113 50 5gm 322 252 10gm 576 504138 words
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Article59 2014-01-13 26 Jan 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2498.0 2487.0 2499.0 2486.0 17 855 Feb 14 2528.0 2499.0 2533.0 2492.0 2975 ***** Mar 14 2547.0 2517.0 2551.0 2511.0 ***** ***** Apr 14 2555.0 2528.059 words
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Article155 2014-01-13 26 Jan 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1297 1.1301 0.8898 0.8900 Canadian dollar 1.1702 1.1710 0.9222 0.9217 Euro 1.7275 1.7283 1.3607 1.3611 NZ dollar 1.0459 1.0464 0.8238 0.8241 Sterling pound 2.0909 2.0917 1.6469 1.6473155 words
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Article109 2014-01-13 26 Jan 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1303.75 1296.25 1320.00 1297.25 Mar 14 1278.50 1273.75 1297.00 1271.50 May 14 1260.00 1255.00 1276.00 1252.75 Jul 14 1246.00 1240.50 1258.75 1238.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14109 words
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Article94 2014-01-13 26 Jan 10 COCOA (£/tonne) Close Prev High Low Mar 14 1733 1716 1735 1717 May 14 1724 1708 1725 1708 Jul 14 1721 1704 1722 1705 Sep 14 1716 1701 1718 1702 COFFEE(US$/tonne) Close Prev High Low Jan 14 1757 1743 1757 1720 Mar 14 1739 1727 1745 171194 words
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1190 2014-01-13 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 33 -0.5 300 0.0 5 -87 54 Asia-Pacific Strategic W*****6 0.4 1 123 221 96.25 4 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit1,190 words
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Article70 2014-01-13 26 CRUDE OIL PRODUCTS Jan 09 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.89 -0.18 WTI (Near Mth) 92.25 -0.24 Dubai (1-Mth F) 104.07 0.31 Tapis blend 113.44 0.50 Minas 106.74 0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.75 0.42 Jet Kerosene 121.88 -0.05 US$/barrel OpecOil Basket70 words
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Article22 2014-01-13 26 Jan 10 S$ Bid Offer 1-month 1.2696 1.2698 2-months 1.2695 1.2697 3-months 1.2695 1.2697 6-months 1.2691 1.2694 Source: OCBC22 words
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Article65 2014-01-13 26 Jan-10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1721.75 1705.00 3 months 1765.00 1750.00 Copper, Grade A(US$/tonne) Cash 7329.75 7236.25 3 months 7302.50 7213.00 Lead(US$/tonne) Cash 2094.75 2073.00 3 months 2119.00 2100.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.0065 words
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Article121 2014-01-13 26 As at 9am Jan 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.156 1.101 Can dollar 1.193 1.148 Euro 1.770 1.686 Sterling pound 2.134 2.052 NZ dollar 1.072 1.031 US dollar 1.297 1.236 Local dollars to 100 units of foreign121 words
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Article161 2014-01-13 26 Jan 10 $S Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12161 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration729 2014-01-13 28 AMIT ROY CHOUDHURY - Asia-Pac region the strongest for data centre growth, says Gartner By AMIT ROY CHOUDHURY amit@sph.com.sg THE total IT spending in Singapore this year is expected to exceed S$26.2 billion, up by almost 4.4 per cent over 2013, according to preliminary estimates released by research729 words
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642 2014-01-13 28 VICTORIA HO - By VICTORIA HO SINGAPORE has a painted target on its back for hackers because of its position as a financial hub and the leadership role it’s taken in IT security, said Eddie Schwartz, head of security for Verizon. Speaking to BizIT during642 words
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Article, Illustration839 2014-01-13 27 VICTORIA HO - Industry starting to realise usefulness of smartphones: mHealth Alliance By VICTORIA HO THE world of healthcare technology is moving fast to the mobile, graduating from pilot projects to real strategic implementations, according to Patricia Mechael, executive director of global non-profit, the mHealth Alliance.839 words
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Article, Illustration822 2014-01-13 27 AMIT ROY CHOUDHURY - By amit@sph.com.sg AMIT ROY CHOUDHURY amit@sph.com.sg LAST week, IBM signed a high profile deal with DBS to deploy its Watson cognitive computing solution in the bank. Simultaneously the company also announced in the US that it will establish the IBM Watson Group, a new822 words
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815 2014-01-13 27 AMIT MIDHA - <you say> By AMIT MIDHA The writer is Dell’s Asia Pacific including Japan (APJ) president WHAT’S the next big IT trend? I often get asked this question during my regular meetings with business leaders and CIOs (chief information officers). Customers want815 words
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Article, Illustration804 2014-01-13 27 WP [LAS VEGAS] The world’s top tech companies are placing big bets on curved screens. At the International Consumer Electronics Show in Las Vegas, Samsung on Monday launched a 105-inch behemoth that displays ultra-high definition. Its fellow South Korean rival,WP; PHOTO: REUTERS - 804 words
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Page 28 Advertisements
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Advertisement180 2014-01-13 28 *■>> > W future starts here. Take aduantage of the flexible study options. Curtin offers several alternative pathways into its courses. These Curtin College pathway programs enable you to study at a number of different levels and progress to a Curtin University undergraduate qualification. Business and mass communication programs available180 words
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Advertisement267 2014-01-13 28 Experience The City Be Central 'M tm II W: Vi A a Mb < ill* B.J •< Hi f&M i IV 11 31 iTH h r *p j .aa M'XXw-' vtw»v- Promotional rates start from Deluxe Room at The Gardens Hotel Residences RM395* (Breakfast and FREE Wifi). For reservations, call267 words
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