The Business Times, 17 January 2014

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Microfilm: NL32957
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, January 17, 2014
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  • Article, Illustration
    Lock icon SIA, Air NZ forge win-win alliance
    839 1  -  Both can fly to some cities on each other’s network, S’pore-NZ capacity beefed up By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] In a move yesterday expected to pay off for both carriers, Singapore Airlines (SIA) and Air New Zealand are deepening ties in a partnership that
    PHOTO: AFP  -  839 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,140.44 (-2.81) HST INDEX FUTURES 3,139.00 (-3.00) HSIMSCI 357.39 (-0.44) HSIMSCI FUTURES 357.00 (-0.30) US$ S$ US$ (S$ per US$) 1.274 (US$/S$ per 1.634 2.082 EURO (US$/S$/€ 1.361 1.734 Foreign currency per US$ S$ YEN 104.80 82.20 RM 3.297 2.587 HK$ 7.755 6.085 BAHT 32.88 25.80 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,813.01 -11.02 NIKKEI 225 15,747.20 -61.53 HANG SENG 22,986.41 +84.41 SET INDEX 1,301.48 +24.45 JAKARTA COMP 4,412.49 -29.11 MANILA COMP 5,982.24 +24.12 SEOUL COMP 1,957.32 +4.04 SHENZHEN B 847.26 +2.06 MUMBAI IND 21,265.18 -24.31 11am EST Change DOW 16,390.66 -91.28 NASDAQ 4,207.91 -6.97
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 JAPAN 14.769 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg
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  • Article, Illustration
    Lock icon Interactive, digital media can thrive here: PM Lee
    577 1  -  Booming new sector presents Singapore many opportunities By leeuwen@sph.com.sg LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] The booming interactive and digital media industry is one that presents many opportunities for Singapore, says Prime Minister Lee Hsien Loong. The value-add of the sector here, now exceeding
    PHOTO: BLOOMBERG  -  577 words
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      100 1 COMMENTARY Tackling the curse of high unemployment PAGE 19 EXECUTIVE LIFESTYLE Art Stage proves a draw PAGE 27 WINE Imbibing the culture of Burgundy PAGE 31 COMPANIES DBS one of Asia’s top 10 stock picks for 2014 PAGE 9 Read Boardroom Matters, a series of articles from the Singapore Institute
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      23 1 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 20-21
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  • TOP STORIES
    • Article
      Lock icon Strategic tie-ups vital for SIA
      631 2  -  It’s less risky than acquiring airlines COMMENTARY By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] IN A New Year message to staff this year, Singapore Airlines’ chief executive, Goh Choon Phong, highlighted the importance of strategic partnerships for the carrier to extend its network. Watch this space, he
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    • Article
      Lock icon THREE-MINUTE DIGEST
      451 2 SIA, Air New Zealand in expansion tie-up THEY are deepening ties in a partnership that will beef up capacity between the two countries while giving each airline access to specific destinations in the other’s network. FRONT PAGE Interactive, digital media can thrive here: PM Lee THE value-add of
      451 words
    • Article
      Lock icon Acra, ISCA launch financial statements review exercise
      643 2  -  Directors will get queries from Acra if non-compliance issues are uncovered By JAMIE LEE leejamie@sph.com.sg [SINGAPORE] The heat has been turned up a notch for Singapore directors who submit financial statements that fall short of accounting standards. Under a new agreement announced yesterday,
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    • Article, Illustration
      Lock icon Sandcrawler vindicates Lucas’ Asia move
      556 2  -  By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Right in the heart of Buona Vista, dozens of digital-animation and visual-effects specialists many of them Singaporeans are busy working on Hollywood blockbuster movies such as Avengers 2 and Transformers 4. Some others are putting the finishing touches to a
      PHOTO: AFP  -  556 words
    • Article
      Lock icon Some SMEs rethink Iskandar plans as costs rise
      694 2  -  By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] Some Singapore businesses are finding out that Iskandar Malaysia, touted as a more cost-effective destination for them, is no longer that cheap. The rapidly rising land costs there, in addition to inadequate infrastructure and manpower challenges, are
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    • Article, Illustration
      Lock icon Peter Lim faces uphill battle for Valencia
      778 4  -  By ANGELA TAN By angelat@sph.com.sg [SINGAPORE] Former remisier king Peter Lim must be feeling a sense of deja vu. Football may be his passion, but it seems owning a European league club may again elude the Singapore tycoon for the third time. Yesterday,
      PHOTO: REUTERS  -  778 words
    • Article, Illustration
      Lock icon Public transport fares to rise 3.2% this year
      693 4  -  $11.6m of the additional revenue will go to the Public Transport Fund Reports by SAMUEL EE Reports by samuelee@sph.com.sg [SINGAPORE] Public transport fares will rise 3.2 per cent this year and 3.1 per cent next year, with this year’s increase raising $53.5
      693 words
    • Article
      Lock icon $50m transport subsidy for low-income, disabled
      326 4 [SINGAPORE] The government will fund two transport concession schemes for lower-wage workers (LWW) and persons with disability (PWD) at an annual cost of $50 million. About 400,000 LWWs and 50,000 PWDs will benefit from these two schemes when they are implemented on July 6.
      326 words
    • Article
      Lock icon Jobs in Australia see surprise slide, Aussie $ follows
      465 4 Jobs in Australia see surprise slide, Aussie follows Reuters [SYDNEY] Australian employers shed jobs at the fastest pace in nine months in December while full-time positions suffered their biggest drop since mid-2011 an unlooked-for blow that hammered the A$ to its lowest in over three years. Investors reacted by reviving
      Reuters  -  465 words
    • Article
      Lock icon CHC senior members seemed to be hiding key info: auditor
      638 4  -  Emails were an ‘alarm bell’, indicating an ‘intentional omission’ CITY HARVEST TRIAL By michquah@sph.com.sg MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Senior members of City Harvest Church (CHC) appeared to be intentionally hiding key information from their external auditors, the court heard yesterday.
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      253 3 nusajaya techpark A New Benchmark Having successfully created some of the most acclaimed business space environments in Asia, industry Leader Ascendas now partners UEM Sunrise, the award-winning master developer of the Nusajaya regional city, to create a new benchmark for businesses in the heart of thriving Nusajaya. Situated just 5
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      45 4 Towards Community Purpose and Benefit Wishing all a Happy/ Lunar- New Year i/y/V $5 MILLION REUNION DRAW Fri, 24 Jan 2014, 9.30pm For details, visit www.singaporepools.com.sg p LAY(i Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G ik4. H SINGAPORE m
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CDL appoints Grant Kelley to newly created CEO post
      796 5  -  Move is seen as a major step in succession planning at the group By KALPANA RASHIWALA kalpana@sph.com.sg CITY Developments Ltd (CDL) wants to accelerate its overseas growth engines and has appointed Grant Kelley, formerly from Apollo Global Management and Colony Capital,
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    • Article, Illustration
      Lock icon EuroSports said to hit 38 cents in grey market
      387 5  -  By KENNETH LIM By kenlim@sph.com.sg SHARES of ultra-luxury auto distributor EuroSports Global hit 38 cents in yesterday’s grey market as its $22.4 million initial public offering (IPO) wrapped up with a 2.9-time subscription rate, market sources said. The grey market pricing
      FILE PHOTO  -  387 words
    • Article
      Lock icon Progress in Linc Energy S-Africa coal-gas deal
      411 8  -  Firm gets second tranche payment of A$20m, as project moves further ahead By ANDREA SOH sandrea@sph.com.sg RECENTLY listed Linc Energy is making headway in its first commercial underground coal gasification project (UCG) in sub-Saha-ran Africa. The Australian upstream oil and gas firm has
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    • Article, Illustration
      Lock icon OEL eyeing steady cashflow from $53.9m property foray
      490 8  -  By FELDA CHAY feldac@sph.com.sg OEL Holdings, formerly known as Oakwell Engineering Ltd, is looking to venture into the property sector by acquiring two property investment firms that will give it ownership of some space at mixedused developments Southbank and Dakota Residences. The
      FILE PHOTO  -  490 words
    • Article
      Lock icon Hyflux sells $300m perpetual bonds
      399 8  -  Priced at 5.75%, the perpetuals received orders in excess of $600m: DBS SIOW LI SEN lisen@sph.com.sg HYFLUX Ltd has just sold the first perpetual bond of the year as the debt market hots up. The water-treatment company’s $300 million of NC3 bonds, priced at 5.75
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    • Article
      Lock icon DBS named one of Asia’s top 10 stock picks for 2014
      685 9  -  It is the only S’pore counter to make the cut in the list by S&P Capital IQ By LEE MEIXIAN leemx@sph.com.sg DBS Group Holdings has been named one of Asia’s top 10 stock picks for 2014 the only Singapore
      685 words
    • Article
      Lock icon DBS handles $2.4b of bond sales; more to come
      725 9  -  By lisen@sph.com.sg SIOW LI SEN lisen@sph.com.sg DBS Bank, the nation’s largest debt player, has started the year with a bang with a slew of bond sales involving multiple currencies. In just two weeks, with fixed-income marketing hotting up, it has done
      725 words
    • Article
      Lock icon Yoma Q3 profit up 42% on stronger sales
      386 9  -  By KENNETH LIM kenlim@sph.com.sg MYANMAR property developer Yoma Strategic Holdings posted a 42 per cent increase in fiscal third-quar-ter profit on stronger sales of residences and land development rights (LDRs). Net profit attributable to shareholders in the three months to December 2013
      386 words
    • Article
      Lock icon Ezion set to bag US$94m charter
      298 9  -  By LISA LEE lisalcc@sph.com.sg EZION Holdings is set to secure a five-year charter worth up to US$94 million for one of its service rigs, which will be used by an Asean- based national oil company (NOC). It recently signed a letter of intent with
      298 words
    • Article
      Lock icon AA Reit to turn its focus back to Singapore
      607 9  -  By MINDY TAN tanmindy@sph.com.sg AIMS AMP Capital Industrial Reit (AA Reit) intends to turn its attention back to Singapore following its maiden overseas acquisition of a premium business park located at Macquarie Park in Sydney’s north. At its extraordinary general meeting
      607 words
    • Article
      Lock icon Mapletree bags HK site for HK$3.77b
      277 9  -  By RAPHAEL LIM raphlim@sph.com.sg MAPLETREE Investments Pte Ltd has been awarded a prime commercial site in Hong Kong for HK$3.77 billion (S$618 million). The 5,112-square-metre site is located in Kwun Tong, Kowloon East, a key office cluster in Hong Kong that has been earmarked
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      286 5 pp '-y iP r iSh V '<? -m n tm 'i i'SJsSp m > Ns*. m<3ZD<3 .Tl >. Lv r* a* %:m-m -t %v*.v -v, -c* m -y, V w vrl 1 V J.'.;^,' V*,.^-at' iS| j 1 ;^S, t V& Rnai !?> JR kili v: «*jc M 1 :-f
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks struggle to keep momentum
      466 6  -  Penny counters see some profit-taking as the market posts low turnover STOCKS KENNETH LIM kenlim@sph.com.sg Correspondent SCATTERED profit-taking on penny counters weighed on Singapore stocks yesterday, as the market struggled to maintain momentum from the day-before rally. The traits Times Index ended the day down
      Source: Bloomberg  -  466 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jan 16 VALUE CLOSE BT OB/OS -430.0 -198.0 BT CADI -*****.0 -91.0 BT 10-day MA -*****.00 -43.00 FTSE ST Mid Cap 714.83 -0.70 FTSE ST Small Cap 543.46 -1.36 FTSE ST All Share 762.35 -0.79 FTSE ST China Top 201.21 -0.73 FTSE ST China 229.38 -0.44 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 3 0 0 0 4 7 3 Manufacturing 38 62 39 8 7 11 46 69 50 Commerce 16 27 16 1 10 3 17 37 19 Tpt/Stor/Comms 10 14 10
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Thai Beverage Public Co
        287 6 Jan 16 close: S$0.54 Credit Suisse Research, Jan 15 WE initiate coverage on Thai Beverage (ThaiBev) with an “outperform” rating and a target price of S$0.60 per share. Most businesses are currently under pressure. Spirits sales in Thailand are the largest revenue and earnings contributor for
        Source: Bloomberg  -  287 words
      • Article
        Lock icon Singapore Banks
        321 6 HSBC Global Research, Jan 16 DESPITE only +2 per cent earnings growth, bank stocks rose 5-15 per cent against the Straits Times Index, which was flat in 2013. PE multiples expanded to 12 times as of end-2013 from 11.6 times a year ago. The performance can be attributed
        321 words
      • Article
        Lock icon United Envirotech
        337 6  -  Compiled by KENNETH LIM Jan 16 close: S$1.055 DBS Vickers Research, Jan 15 UNITED Envirotech has won another engineering, procurement and construction (EPC) contract worth 250 million yuan (S$52.6 million) after securing a 160 million-yuan BOT (build, operate, transfer) agreement two days ago. It has clinched about 877
        337 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 42,763 42,763 45,884 45,884 Manufacturing 410,701 256,261 666,962 145,859 12,207 158,066 Commerce 201,371 404,113 605,484 86,773 41,892 128,665 Tpt/Stor/Comms 93,048 2,184 95,232 149,127 246 149,374 Finance 21,511 119 21,630 113,954 39 113,992 Construction 61,816 233,146
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.905 +0.015 CapitaLand 2.920 -0.010 CapitaMall 1.865 -0.015 CityDev 9.590 ComfortDelGro 1.965 -0.010 DBS Grp 17.390 +0.050 GLP 2.950 +0.010 Genting SP 1.490 -0.005 Golden Agri 0.520 -0.005 HK Land 6.280 -0.020 HPH Trust US$ 0.680 +0.005 JMH 55.810 -0.060 JSH
      112 words
    • Article, Illustration
      Lock icon A$ slumps to 31/2-year low on jobs data
      514 6 A$ slumps to 3 1 /2-year low on jobs data CURRENCIES Reuters [LONDON] The Australian dollar tumbled to its lowest level since mid-2010 against a firmer US dollar yesterday, after a surprise fall in employment reawakened the possibility of another cut in interest rates. The Aussie fell as low as
      Reuters; PHOTO: BLOOMBERG  -  514 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP DBXT MSEurope 10US$ 6020 198.8 2.7 DBXT E50 10US$ 5238 156.7 2.4 Jardine C&C 3997 57.0 1.4 DBXT FTVietnam 10US$ 2619 56.1 1.7 Lyxor MS India 10US$ 1352 35.7 2.1 DBXT MSTHAI 10US$ 1765 21.7 1.0 SuperGroup 385 16.0 4.3 DBXT MSINDO 10us$ 1226 12.7
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 2584 -52.3 -1.6 DBXT FTChina25 10US$ 2827 -21.7 -0.6 DBXT MSMSIA 10US$ 1478 -21.7 -1.1 GLD 10US$ ***** -21.7 -0.1 DairyFarm 932 -20.4 -1.7 Lyxor China H 10US$ 1356 -17.8 -1.0 Haw Par Corp 827 -11.0 -1.3 Straits Trdg 348 -11.0
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME OEL 169,220,000 HanKore 162,538,000 Charisma Energy 152,509,000 KLW Hldgs 120,538,000 Ellipsiz 118,123,000 JEP 96,975,000 CCM Group W*****0 91,968,000 CCM Grp 77,487,000 Albedo 71,063,000 JES 67,827,000 VALUE($) SingTel 76,929,930 DBS Grp 42,309,767 UOB 31,795,690 OCBC Bk 27,121,598 Keppel Corp 26,533,258 CapitaLand 23,427,860 OEL 22,166,854 Genting SP 20,160,775
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      358 7 ft -V. s. m eJt. A r w; 4; ILL 3^ 4' /> 3 &a 'IV ir M if m i i *rm i ,‘Vi U/. tj. ►v.JX'.xy' 4 ,—<sr '>.VJ m SUDJANA KERTON I Sundanese Traditional Wedding I 1988 I Oil on canvas I 87.5 x 72 cm WILLEM
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  • Page 8 Advertisements
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      196 8 buzz 'cfi fj rasper Buzz rewards you with Prosperous Red Packets this Lunar New Year with every $3 spent. mg&M Is wr* o Xur K *1 yv Ir'.j o* K K \0 vj> < Start picking a reward now from the Prosperity Capsule. Follow these simple steps to earn plays
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      24 9 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. w WATS NOTICES
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      Lock icon Page 9 Advertisements Column 2
      150 9 CENTRAL TOKYO PROPERTY INVESTMENT Daiwa House PREMIST AKASAKA PREMIST SHIBUYA PREMIST AKASAKA HINOKICHO KOEN Akasaka, Minato-ku Mins walk to 4 major stations 4 stations to Tokyo Station Near Roppongi Hills, Tokyo Midtown 2 LDK 3 LDK PREMIST SHIBUYA MIYAMASUZUKA Shibuya, Shibuya-ku 3 mins walk to Shibuya station Mins walk to
      150 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon RHB unveils major expansion plans for S’pore
      604 10  -  Business here to be increased three-fold, staff to be doubled to 1,000 by 2016 By SIOW LI SEN lisen@sph.com.sg MALAYSIA’S RHB Bank will expand its Singapore business three-fold in the next two years by focusing on the SME (small and medium enterprise) business,
      604 words
    • Article
      Lock icon S’pore seen as good pick as Asia-Pac management hub
      497 10  -  MNCs now carve out Greater China as standalone unit: poll By jaccheok@sph.com.sg JACQUELYN CHEOK jaccheok@sph.com.sg SINGAPORE is well-posi-tioned to be the Asia-Pacific hub for multinational corporations (MNCs) to manage operations across the region outside of Greater China, a new survey has
      497 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon R&D centre for cancer treatments set up
        108 10 THE National Cancer Centre Singapore (NCCS) and Clearbridge BioMedics have partnered the Singapore General Hospital (SGH) to set up the region’s first Circulating Tumour Cell Centre of Research Excellence. The centre will be a key enabler in Singapore’s efforts to advance the development
        108 words
      • Article
        Lock icon Ex-president Nathan gives $129,000 to poly
        84 10 FORMER President of Singapore S R Nathan has donated $129,000 to Republic Polytechnic (RP) to provide financial assistance to its needy students from the Institute of Technical Education (ITE) who are now pursuing diploma programmes at RP. The donation, made through the S R
        84 words
    • Article
      Lock icon Details about subletting HDB flats to non-citizens released
      461 10  -  8% units can be sublet in a neighbourhood and 11 in a block; cap won’t apply to rooms By MINDY TAN tanmindy@sph.com.sg THE Housing Development Board (HDB) released yesterday details of the subletting quota framework for non-citizens, as part of government efforts
      461 words
    • Article
      Lock icon Members of committee to review homicide laws drawn from all quarters
      313 10  -  By JOYCE HOOI joyceh@sph.com.sg THE committee appointed to look into homicide laws here is composed of a mix of legal professionals, government officials and members of academia, it was revealed yesterday. Chaired by Senior Minister of State for Education
      313 words
    • Article
      Lock icon SGX to stop trading, clearing LME futures
      224 10 Bloomberg SINGAPORE Exchange Ltd (SGX), Southeast Asia’s biggest bourse, plans to stop trading and clearing futures on three industrial metals after the contracts attracted little interest from customers. SGX, which started trading the copper, zinc and aluminium futures in a joint venture with
      Bloomberg  -  224 words
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      75 10 Bonsai Gallery the living art f o r m J Come experience the art and beauty of bonsai at our garden. H feV a* L\v Our collection of thousands of Bonsai encompasses over 50 different species from China, Japan, Taiwan and Malaysia. Bring back a piece of art that enlivens
      75 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Sungai Buloh development tender to be called in Feb
      715 11 Project is expected to have a gross development value of RM50 billion [PETALING JAYA] The Employees Provident Fund (EPF) will be calling for tenders for the development of the first phase of the 943 hectare Sungai Buloh project next month. The
      715 words
    • Article
      Lock icon Bakries request new delay in London deal
      503 11 Family is required to pay US$501 m for ARMS’ PT Bumi stake Bloomberg [LONDON] Asia Resource Minerals Plc (ARMS) said on Wednesday that Indonesia’s Bakrie Group had requested a new delay to a US$501 million deal to exit its investment in the Lon-don-listed
      Bloomberg  -  503 words
    • Article
      Lock icon Batu Kawan in Penang poised for property boom
      384 11 [KUALA LUMPUR] Batu Kawan, which was once a quiet backwater in Penang, is poised for a real estate boom, thanks to new developments and the opening of the Second Penang Bridge. Property analysts speaking to Malaysian daily New Straits Times said that
      384 words
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      1234 11 EUROSPORTS GLOBAL LIMITED (Company Registration No.: *****0284Z) (Incorporated in the Republic of Singapore on 12 December 2012) Invitation in respect of 80,000,000 Invitation Shares comprising 40,000,000 New Shares and 40,000,000 Vendor Shares, as follows: (i) 1,500,000 Offer Shares at S$0.28 for each Offer Share by way of public offer; and
      1,234 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon ICBC not helping to foot troubled trust’s bill
      385 12 It dismisses talk of being forced to help repay investors of a 3b yuan product Re uters [BEIJING] Industrial and Commercial Bank of China, the world’s largest bank by assets, said yesterday that it had no plans to use its own money
      Reuters; PHOTO: BLOOMBERG  -  385 words
    • Article
      Lock icon China’s FDI hits record US$117.6 billion in 2013
      436 12 Reuters [BEIJING] China attracted a record US$117.6 billion in foreign direct investment (FDI) in 2013, underlining investors’ confidence that the world’s second-largest economy can keep growing at a solid pace while retooling its growth model. The Commerce Ministry said yesterday that China’s
      Reuters  -  436 words
    • Article
      Lock icon Citic backs new fund set up by ex-FX Concepts execs
      448 12 Re uters [NEW YORK] Citic Capital Holdings, a unit of China’s sovereign wealth fund, has invested in a new US-based asset management fund set up by former executives of bankrupt hedge fund FX Concepts, two sources familiar with the matter
      Reuters  -  448 words
    • Article
      Lock icon India to project below-target budget gap
      424 12 Bloomberg [NEW DELHI] India will pare its budget deficit to below this year’s target after curbing spending, boosting the chances of averting a credit-rating cut, according to two Finance Ministry officials with direct knowledge of the matter. The deficit will narrow to less than
      Bloomberg  -  424 words
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      1799 12 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF WAGNER INVESTMENTS PTE. LTD. (In Members’ Voluntary Liquidation) Company Registration No. *****7148G At an Extraordinary General Meeting of the Company deemed to have been duly convened and held pursuant
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      444 12 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF DELTA ASIA CAPITAL SINGAPORE FUND PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****3997W) NOTICE OF RESOLUTION MEMBER’S RESOLUTIONS IN WRITING PURSUANT TO ARTICLE 59 AND 62 OF THE ARTICLES OF ASSOCIATION OF DELTA ASIA
      444 words
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  • WORLD
    • Article, Illustration
      Lock icon Japan machinery orders jump in Nov to 5-yr high
      766 13 It is a sign firms may be ready to ramp up investment and increase wages Reuters [TOKYO] Japan’s core machinery orders jumped to a five-year high in November, a sign companies may be ready to ramp up investment and increase wages
      Reuters; PHOTO: BLOOMBERG  -  766 words
    • Article, Illustration
      Lock icon Britain tells EU: Allow reforms or we quit
      842 14 Conservatives want repatriation of powers in areas such as immigration Reuters [LONDON] Britain told its European Union partners on Wednesday that the EU’s treaties were “not fit for purpose” and there must be reform or it would quit the bloc. In the
      Reuters; PHOTO: REUTERS; PHOTO: AFP  -  842 words
    • Article, Illustration
      Lock icon Lagarde urges officials to fight deflation
      649 14 She said it could threaten the ‘feeble’ global recovery Bloomberg [WASHINGTON] International Monetary Fund managing director Christine Lagarde urged policymakers in advanced economies to fight risks of deflation that would threaten a global recovery she called “feeble”. Less than a week before the Washington-based
      Bloomberg  -  649 words
    • Article, Illustration
      Lock icon Australia’s heatwaves will get hotter, longer
      625 15 Its position as agricultural powerhouse will be threatened Reuters [SYDNEY] Australia can expect even longer and hotter heatwaves than the one now scorching wide swathes of the country, a climate research group said yesterday, raising questions about its long-term position as an agricultural powerhouse.
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    • Article
      Lock icon BOA’s Q4 profit exceeds Wall St estimates
      740 15 Net income jumps to US$3.4b from US$732m in Q4 2012 NYT [NEW YORK] Bank of America (BOA) has spent the last five years digging out from its mortgage problems, shoring up its capital levels and laying off employees. Now comes the hard part
      NYT  -  740 words
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      Lock icon Goldman Q4 earnings exceed estimates
      493 16 EPS of US$4.60 well ahead of US$4.18 analysts expected, even though net income falls 19% Bloomberg [NEW YORK] Goldman Sachs Group, the Wall Street bank with the highest return on equity, has reported earnings that beat analysts’ estimates as equity-underwriting fees doubled and full-year compensation
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      Lock icon Dec 0.3% CPI rise is highest in 6 months
      372 16 Trend a sign that inflation is moving towards the Federal Reserve’s target LATEST US DATA Bloomberg [WASHINGTON] The cost of living in the US climbed in December by the most in six months, led by gains in fuel and rents that
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    • Article
      Lock icon Thai graft body to probe rice subsidy scheme
      285 16 Reuters [BANGKOK] A Thai anti-cor-ruption agency said yesterday it would investigate a money-guzzling rice subsidy programme that has fuelled opposition to Prime Minister Yingluck Shinawatra, as protesters marched through the capital demanding she resign. Ms Yingluck is nominally head of the National
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      419 13 CLA/AUG06/g CATS Recruit The first door to your world of opportunities 1 ■s «pm \r. '0 ->VC' si'-yr x v --m. ,r: 5*. Spring arrives in leaps and bounds BT Wine, Dine Hospitality Pages save more than *T! <? Co|ful\-C°' For advertisement bookings and sales enquiries, please contact; Lawrence Chang
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      975 14 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 CHARON IA 8 PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****2834E) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General Meeting of
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      577 14 In the Matter of The Companies Act, Cap. 50 And In the Matter of International Groundwater Technologies (Asia) Pte. Ltd. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****5606E) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final
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      446 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 HYPERTRONICS PTE LTD Co. Reg. No. *****7723M MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 10th day of January 2014, the following special resolution was duly passed: “That the Company be wound up voluntarily and
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      557 14 UNITED INDUSTRIAL CORPORATION LIMITED (Co. Reg. No. *****0181E) (Incorporated in the Republic of Singapore) LOST CERTIFICATE Application has been made to the Directors of the abovenamed Company to issue a replacement certificate in place of the following certificate which have been reported lost or destroyed:Certificates No. Name No. of Shares
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      410 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PELANGI NIAGA MITRA OFFSHORE PTE. LTD. (Company Registration No: *****3902G) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held at 1 Jalan
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      417 15 rr- >■ 5 STPROPERTY SEMINAR MJAjsJCST CjWILOOjC for 9014 year f 2_ I r THE HORSE Date: 1&2March2014 Venue: Suntec City Convention Centre, Hall 406 1 Raffles Boulevard, Suntec City, Singapore *****3 Time: 2pm 6pm The cooling measures in Singapore have driven investors to commerdal/industrial and overseas markets in 2013.
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      29 16 .'v. Jt *?C }<W -r '•’*/‘VHi THE STRAITS TIMES SG’s Vummiest Food News Reviews Download app. register collect points to redeem goodies ft ■r.n Available on the B AppStore
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  • AVIATION/SHIPPING
    • Article
      Lock icon Singapore-Philippine JV to develop Colombia terminal
      496 17  -  700K TEU container terminal expected to be completed in 18-24 months By AL LABITA in Manila A NEWLY formed FilipinoSingaporean joint venture (JV) has begun building a container terminal in the port of the coastal city of Buenaventura, Colombia, to cash in on the
      496 words
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      Lock icon Heathrow still Europe’s busiest airport
      762 17 Bloomberg [LONDON] London’s Heathrow airport extended its lead as Europe’s busiest hub last year after welcoming larger aircraft, as Paris, Frankfurt and Amsterdam saw their positions challenged by rapid growth at Istanbul Ataturk. Heathrow drew 72.3 million passengers last year, a 3.4 per cent jump
      Bloomberg; PHOTO: REUTERS  -  762 words
    • Article
      Lock icon 787 battery X-rays may offer clues to problems
      661 17 Reuters [SEATTLE] Investigators in Japan are studying X-ray images of a lithium-ion battery from when it left the factory, hoping these may shed some light on why it appeared to overheat on a Boeing 787 Dreamliner jet earlier this week. They will
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    • Article, Illustration
      Lock icon Piracy at lowest level globally since ’06: watchdog
      339 17 AFP [LONDON] Sea piracy fell to its lowest level around the world in seven years in 2013, thanks to a clampdown on Somali pirates, a maritime body said on Wednesday. Piracy off the Horn of Africa itself was at its lowest since
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    • Article
      Lock icon United to furlough 685 flight attendants as too few take leave
      393 17 Bloomberg [CHICAGO] United Airlines is preparing to furlough 685 flight attendants after offers of leave and parttime work failed to produce enough volunteers to forestall job cuts at the world’s second-largest carrier. Negotiations between the airline and the Association
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    • Article
      Lock icon TRANSPORT STOCKS
      243 17 SGX '000 Jan 16 S$ +/-Vol Ch Offshore 0.44 -0.01 127 Chuan Hup Hldg 0.26 -0.01 60 Cosco Corp 0.73 unch 705 Cwt Limited...............1.35 unch 75 First Ship Lea unch unch 0 Grand Banks 0.23 0.01 2 Jaya Hold Ltd -0.01 K1Ventures Chuan Hup Hldg Keppel Corp 10.94
      243 words
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      34 17 MAKING OF A GOLF CHAMP MumVarsha, aformer IndiaNo.1in tabletennis, snooker andpool, shapessonYash’sSingaporesuccess K.V. Veloo’s life and times as a social worker GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327)
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  • EDITORIAL & OPINION
    • Article
      Lock icon Affordability is key in health insurance
      488 18 EDITORIAL IT has been several months since higher premiums for private health insurance under the CPF umbrella kicked in. But bewilderment over the magnitude of the premium hikes remains. To recap, premiums for Integrated Shield plans were raised last March on the back of
      488 words
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      Lock icon Good time for Asean to turn inwards and focus on itself
      831 18  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent WITH the dawn of a new year (calendar recently, and Lunar shortly) political deadlock in North-east Asia has become almost complete and it is probably time that Southeast Asia ceased “Looking East”
      831 words
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      Lock icon Time to give workplace flexibility a tax break
      1085 18  -  Incentives to workers and companies can help encourage flexible work arrangements By WU SOO MEE, CHESTER WEE Wu Soo Mee is Partner, Human Capital, and Chester Wee is Partner, Business Tax Services, at EY in Singapore. The views expressed in this article
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      Lock icon A lifetime of service to Cambodia
      748 19  -  By LEE KUAN YEW The author is former prime minister and minister mentor of Singapore. This commentary was sourced from the January 2014 issue of ‘Forbes Asia’ NORODOM Sihanouk, born Oct 31, 1922, was a charismatic figure in Cambodian politics. In many ways he
      ST FILE PHOTO  -  748 words
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      Lock icon Tackling the curse of high unemployment
      1211 19  -  Use of common sense economics to bring down the jobless numbers By NEIL BEHRMANN in London WESTERN and emerging nations require com-mon-sense policies and lateral, innovative thinking to combat the curse of high unemployment. Dated macro monetary and fiscal policies have not worked in
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      Lock icon Syria: Desired outcome that can’t be admitted openly
      813 19  -  JOHN GEE ON Monday, a Syrian opposition spokesman in London said: “The US and UK are telling us you need to go to Geneva. France is asking us to go but saying we are with you whatever your decision is. This is
      PHOTO: REUTERS  -  813 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Foldaway beds make bedrooms redundant
      886 20 Many one or two-person households now prefer an open-plan interior with an integrated sleeping area WP [PARIS] The long-established trend towards loft-like living means that having a bed in the middle of your living space is now considered a lifestyle choice, like an open kitchen
      WP; FILE PHOTO  -  886 words
  • Page 20 Advertisements
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      625 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D04 HOUSE FOR SALE OCEAN DRIVE Seafront living Bunglw. A&A 2012 Worth $5.6m 2sty+ basement, 5 bdrm+ dining+ 2 maid rms gym, pool. Land 9580/ *****sf. Alan 9852 9055 D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living,
      625 words
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      146 20 D19 APARTMENT FOR SALE SOLAR RESIDENCES Fire Sale! Genuine Seller! F’hold Paya Lebar Cres 3929 sqft, 5 Bdrm, 3-Storey, Basement Attic. Pool view. Near PLMGS. 8133 4112 Jermain Ng D20 APARTMENT FOR SALE SKYVUE BISHAN Excellent location! Very convenient! Great Investment! 3 minutes to MRT/Junction 8. Choice units from 1/2/3
      146 words
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      259 21 D10 HOUSE FOR RENT HOLLAND GROVE Modern 3-storey Detached. 5+1-rms. $20K neg. 4800/5800sqft. Lap pool. Mrt/Pk. 8100 0086 Ben D10 HOUSE FOR RENT ILLOURA Beautiful cluster Semi-D, 4520 sf. 4-bdrm+study. Nestled among Good Class Bungalows. Greenery and amenities. $13.5K Susan 9620 3322 D11 21 HOUSE FOR RENT LORNIE 18 Cluster
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      229 21 D04 APARTMENT FOR RENT THE INTERLACE Interlace 4+1, 3154 sqft, $8000, Duplex 5038 sqft $4.28M negotiable. Bayshore Park, 624 sqft, $3000. Metropolitan, 1399 sqft, $6000 D08 APARTMENT FOR RENT JOOL SUITES Near Farrer Park MRT! Mint condition. 1-room Penthouse. 689 sq ft. Fully furnished. Available immediately. Ask $3500. Annie 9696
      229 words
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      Lock icon Page 21 Advertisements Column 3
      192 21 D15 APARTMENT FOR RENT CORALIS Cheapest! Penthouse Coralis. 2659 sqft. $6.5K. Mins to 112 Katong. Immediate. Jimmy 9626 3847 D15 APARTMENT FOR RENT QUESTA DUNMAN 1-bedroom. Bright. Quiet. Immediate. Convenient. Paya Lebar/ Dakota MRT. $2500 up. Keys on hand. D01 SHOP FOR SALE TELOK AYER AREA 3-Storey Shophouse Freehold, CBD.
      192 words
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      179 21 D14 FACTORY FOR SALE ARK@ KAKI BUKIT Premium B2 Ramp-up development for most trade users. High rental yield, From $370psf. Good investment. Call Alan 8186 0158 D14 OFFICE FOR SALE PAYA LEBAR FH Shophse Office, D14. #2+ attic, 3600sf approx. 2 min MRT. View to offer. Call Francis 8333 5882
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      Lock icon Page 21 Advertisements Column 5
      187 21 D19 INDUSTRIAL LAND FOR SALE KIMCHUAN DRIVE 47/A-65/A. Freehold, 34,729 sqft. Zoned ’B2’ plot ratio 2.5, regular shaped, near Bartley Tai Seng MRTs. Offer by 21 Feb. 9688 9668 9387 9668 D20 SHOP FOR SALE SIN MING 2-storey shophouse Sin Ming vicinity. Freehold. Approx 1950/3150sf. Facing main rd, carpark lot.
      187 words
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  • Article
    Lock icon Shipping Times
    2215 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 22 Advertisements
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      132 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 is b a n e H
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      123 22 ‘V'Ti r JffN new ie pc rgi Services we provide: Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65) 6379 5166 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com Website: http://www.2wglobal.com FREIGHT LINKS EXPRESS Customer Service Contact: *****535, *****553, *****541,
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  • Page 23 Advertisements
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      142 23 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE. CALL JOE WONG AT 9620 1327 Spotlig Award ht ft
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      Lock icon Page 23 Advertisements Column 2
      18 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2928 24 Transaction date: Jan 16 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14.4 11.5 8Telecom Vol AAT Last Quote Div Gr Yld Net 11.5 7 AEM High Low 188 106 AIMSAMPIReit Sale
      2,928 words
    • Article
      Lock icon SGX CATALIST
      255 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller
      255 words
    • Article
      Lock icon GLOBALQUOTE
      258 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 33.4 AVJennings A56 unch 55 56 56 56 56.5 3.6 6.3 4.5 207.3 52 35.5 Genting HK US$ US42.5 unch 1679 43 42.5 42.5 43 2798.4
      258 words
    • Article
      Lock icon SGX ETF
      866 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 121 108.3 ABF SG Bond ETF 113 4 113 113 112 113 515.8 143 124 CIMB APAC Div 100S$D 124 123 123.9 114.4 98.3 CIMB APAC
      866 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11542 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.53/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos'** 1 8781/ China Opportunities! EM Local Ccy Bond .0 8971/ European Opportunities!’’ 1.3171/ Global Emerging Markets'" Global
      11,542 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      728 26 Jan 16 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.15 *****.08 *****.14 Mar14 *****.00 *****.00 *****.00 *****.00 *****4 *****1 Jun14 *****.00 *****.00 *****.00 *****.00 2 1885 MSCI TAIWAN INDEX FUTURES SPOT 301.47 304.44 301.47 Jan14 301.80 304.00 301.50 303.00 ***** *****6 Feb14 301.60
      728 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jan 15 Index Change Change Change Change Change Change World Preliminary 1189.1 0.8 0.4 1.0 0.7 0.5 -0.1 EAFE Preliminary 964.8 1.2 0.9 1.0 0.8 0.5 0.0 Europe Preliminary 1380.5 1.1 1.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jan 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.964 5.329 0.647 6.828 54.208 106.695 0.922 9.361 2.903 1.059 92.831 39.737 1.122 9.641 0.800 26.490 28.951 0.539 0.881 Canada 1.038 5.531
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    • Article
      Lock icon SIBOR
      34 26 Jan 16 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      84 26 Jan 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.56 5-Year N*****0T 0.5 01-Apr-18 97.51 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      136 26 Jan 16 GOLD(US$/oz) Jan 16 Jan 15 Hong Kong 1245.00 1248.00 Jan 15 Jan 14 London 1240.00 1251.12 1240.85 1251.87 Source: Thomson Reuters CAST BAR Jan 16 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 114 51 5gm 325 254 10gm 580 507
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    • Article
      Lock icon PALM OIL
      59 26 Jan 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2511.0 2507.0 2520.0 2508.0 1044 ***** Feb 14 2524.0 2524.0 2537.0 2521.0 ***** ***** Mar 14 2537.0 2537.0 2552.0 2535.0 ***** ***** Apr 14 2545.0 2544.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jan 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1218 1.1224 0.8803 0.8807 Canadian dollar 1.1642 1.1649 0.9141 0.9136 Euro 1.7339 1.7345 1.3607 1.3610 NZ dollar 1.0593 1.0598 0.8313 0.8316 Sterling pound 2.0820 2.0828 1.6338 1.6343
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 26 Jan 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1318.00 1307.00 1321.00 1303.25 May 14 1297.50 1288.25 1299.50 1284.50 Jul 14 1281.25 1272.75 1283.00 1268.75 Aug 14 1238.25 1233.25 1240.00 1230.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 26 Jan 15 COCOA (£/tonne) Close Prev High Low Mar 14 1765 1762 1775 1755 May 14 1751 1748 1760 1743 Jul 14 1744 1741 1752 1735 Sep 14 1735 1732 1743 1726 COFFEE(US$/tonne) Close Prev High Low Jan 14 1720 1744 1745 1715 Mar 14 1706 1728 1727 1696
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1176 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 32.5 0.0 5 -86 54 Asia-Pacific Strategic W*****6 Ratio Exer Price Ascendas Reit MB ECW*****3 Disc Ascendas Reit MB eCW*****1 2.8 0.2 210 3 Ascendas Reit MB ePW*****1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jan 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.68 1.01 WTI (Near Mth) 94.45 1.95 Dubai (1-Mth F) 101.93 -0.68 Tapis blend 112.76 -0.82 Minas 106.06 -0.82 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.89 -1.50 Jet Kerosene 119.82 -0.56 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jan 16 S$ Bid Offer 1-month 1.2743 1.2744 2-months 1.2742 1.2743 3-months 1.2742 1.2743 6-months 1.2738 1.2740 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 26 Jan-15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1740.25 1715.50 3 months 1784.00 1760.00 Copper, Grade A(US$/tonne) Cash 7380.50 7304.75 3 months 7352.50 7280.00 Lead(US$/tonne) Cash 2188.50 2168.75 3 months 2211.00 2188.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jan 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.149 1.095 Can dollar 1.185 1.140 Euro 1.773 1.689 Sterling pound 2.123 2.042 NZ dollar 1.084 1.043 US dollar 1.300 1.239 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 26 Jan 16 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • executive lifestyle
    • Article, Illustration
      Lock icon Art Stage proves a draw
      1290 27  -  A more focused Art Stage 2014, with a host of visual arts and creative events mushrooming around it, is pulling in a stable crowd of high net worth individuals serious about the business of art. By CHEAH UI-HOON and HELMI YUSOF ByCHEAH CHEAH UI-HOON, HELMI
      PHOTOS: JOSEPH NAIR  -  1,290 words
    • Article, Illustration
      Lock icon Finding its footing as a South-east Asian arts fair
      839 27 BESIDES a giant inflatable pink pig with wings, and rotting tofu arranged in Chinese surnames, there are few over-the-top sculptures and installations this year compared to past editions of Art Stage Singapore. Some felt that what was missing was the supersized
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    • CINEMA
      • Article, Illustration
        Lock icon Love me, love my Operating System
        602 28  -  Joaquin Phoenix falls in love with Scarlet Johansson’s OS voice in an offbeat new film, writes GEOFFREY EU GEOFFREY EU SOME TIME in the Los Angeles of the not-too-distant future, a man and his handheld device develop special feelings for each other in the
        PHOTOS: GV PICTURES  -  602 words
      • Article, Illustration
        Lock icon Struggling folk artist’s rhapsody in blue
        528 28  -  By DYLAN TAN dylantan@sph.com.sg COMEDIES don’t come any blacker than the Coen brothers and their latest the part-musical, part-tragicome-dy, Inside Llewyn Davis hits all the right notes. It’s the siblings’ ode to the folk music wave of the 1960s in America; one that captures
        PHOTO: SHAW  -  528 words
      • Article, Illustration
        Lock icon Jack Ryan reboot strains credence
        548 28  -  By GEOFFREY EU THE world inhabited by author Tom Clancy’s fictional hero Jack Ryan was filled with intrigue and action on an international scale, typically pitting Ryan and his CIA employers against sinister governments, terrorist organisations and megalomaniacal despots. Four successful movie adaptations and a
        PHOTO: UIP  -  548 words
      • Article, Illustration
        Lock icon Waxing lyrical over Ah Boys in musical
        522 28  -  By dylantan@sph.com.sg DYLAN TAN dylantan@sph.com.sg IF anybody finds the language in the songs featured in the upcoming stage adaptation of Ah Boys To Men too racy or colourful, blame it on Don Richmond’s mum. The Eurasian sing-er-songwriter half-jokes she’s responsible for some of
        522 words
    • ARTS
      • Article, Illustration
        Lock icon Spunky septuagenarian soldiers on
        855 29  -  For Cultural Medallion recipient Han Sai Por, sculpture is an abiding passion that energises her, writes HELMI YUSOF helmi@sph.com.sg IS seeing beauty in the darkest situation –and a spunky sense of humour what separate artists from mere mortals? Ten years ago, sculptor Han Sai Por was
        PHOTOS: JOHN HENG  -  855 words
      • Article, Illustration
        Lock icon Romance writer gets 8-figure advance for new series
        864 29  -  By JULIE BOSMAN NYT ST MARTIN’S Press is making a very big bet that Americans are still hot and heavy for romance novels. The publisher has just agreed to pay an eye-popping eight-figure advance to Sylvia Day, a romance writer, for her
        NYT  -  864 words
      • Article, Illustration
        Lock icon Flights of whimsy in performance art
        706 30  -  By CHEAH UI-HOON By uihoon@sph.com.sg TWO productions really put the “fringe” in the M1 Fringe Festival last week. Japanese theatre group Gotanndadan performed physical theatre in Suteru Tabi, where the death of a young man’s father spurs his personal spiritual journey through family relationships,
        PHOTOS: M1 FRINGE FESTIVAL  -  706 words
      • Article, Illustration
        Lock icon When censors ruled the stage
        536 30  -  Portugal’s ‘dark ages’ under a right-wing dictatorship comes to light, writesCHEAH CHEAH UI-HOON CENSORS are always “behind the scenes” in film or the theatre stage, but what happens when their actions and words (explaining those actions) get put into a script and played out on
        PHOTO: SHAWN BRYON DANKER  -  536 words
      • Article, Illustration
        Lock icon Bone bares it all in Bane
        537 30  -  By rachloi@sph.com.sg RACHEL LOI rachloi@sph.com.sg ACTOR and playwright Joseph Bone is a Guinness world record holder. He holds the record for the most number of characters played by a single actor that is, 140 different personalities, all within a single trilogy of plays titled
        PHOTO: EVAM (S), TEAMWORK PRODUCTIONS  -  537 words
      • Article, Illustration
        Lock icon Tang dynasty artefacts reveal a golden age
        519 30  -  By RACHEL LOI rachloi@sph.com.sg IN 1981, a heavy storm caused part of the Famen Temple pagoda in the Shaanxi province of China to collapse, revealing a large Buddhist underground palace containing treasures from the Tang dynasty that had been lying untouched for over
        PHOTO: ACM  -  519 words
    • WINE
      • Article, Illustration
        Lock icon Imbibing the culture of Burgundy
        1131 31  -  Fine Burgundian wines almost always display a refined quality with nuances that showcase the region’s character, writes NK YONG NK YONG I HAD three great Burgundies last night at dinner my hostess was a very dear friend who shares my love of wine, hence the
        PHOTOS: AFP, NK YONG  -  1,131 words
      • Around Town
        • Article, Illustration
          Lock icon Pick of the week
          325 31 >Paresh Maity at Art Stage Singapore: Don’t fret yet if you’ve missed Indian artist Paresh Maity’s solo exhibition, Metamorphosis of Colours which was held at The Arts House earlier this week, because some of his works will also be on display at Art Stage Singapore over
          PHOTO: GALLERY SUMUKHA  -  325 words
        • Article
          Lock icon Outings
          461 31  -  Compiled by RACHEL LOI rachloi@sph.com.sg Aliwal Urban Art Festival: if you’re looking for something different to do this Saturday night, then stop by the Aliwal Arts Centre for the Aliwal Urban Art Festival 2014. The one-night event will feature local urban art showcases like street art by RSCLS (pronounced
          461 words
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  • Page 30 Miscellaneous
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      323 30 CRYPTIC CROSSWORD Across 1 Former copper taken in hand about caress and let off (10) 6 New introduction for Christmas book in church (4) 9 Boast of very small relation (5) 10 Supply second part of Bible only, being frugal (9) 12 Represented clients artist and orchestral players (13) 14
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      176 34 r The all-new BMWX5 CSt: Sheer Driving Pleasure www.bmwasia.com L vm :0 wwvf -V.V5x &.r SS mm mi MB n M| ■i >* BRING IT WITH YOU Venturing out to the unknown doesn’t mean leaving your comfort zone. That’s why the all-new BMWX5 was designed to surpass every benchmark of
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