The Business Times, 18 December 2012

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Microfilm: NL32339
Total Pages: 28
1 28 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 Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, December 18, 2012
    25 words
  • Article, Illustration
    Lock icon Thais fish for F&N stock with $9.60 bait
    811 1  -  Weekend move for additional 10% stake failed but hints that Thais may raise offer By KENNETH LIM [SINGAPORE] Banks acting on behalf of Thai tycoon Charoen Sirivadhanabhakdi’s investment vehicle tried unsuccessfully over the weekend to pick up an additional 10 per cent
    PHOTO: REUTERS  -  811 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,158.70 (-9.73) HST INDEX FUTURES 3,153.00 (-10.00) HSIMSCI 358.19 (-1.24) HSIMSCI FUTURES 357.30 (-1.60) US$ S$ US$ (S$ per US$) 1.220 (US$/S$ per 1.619 1.976 EURO (US$/S$/€) 1.316 1.606 Foreign currency per US$ S$ YEN 84.00 68.80 RM 3.057 2.505 HK$ 7.750 6.350 BAHT 30.60 25.07 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,648.58 -3.40 NIKKEI 225 9,828.88 +91.32 HANG SENG 22,513.61 -92.37 SET INDEX 1,359.09 +0.59 JAKARTA COMP 4,315.86 +6.99 MANILA COMP 5,623.85 -83.26 SEOUL COMP 1,983.07 -11.97 SHENZHEN B 644.81 +2.11 MUMBAI IND 19,244.42 -72.83 11am EST Change DOW 13,186.27 +51.26 NASDAQ 2,983.64 +12.30
      48 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 14.551 TAIWAN 5 036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Article, Illustration
    Lock icon Technical recession back in frame as exports slip
    591 1  -  Electronics exports in November dives, pulling NODX down By CHUANG PECK MING [SINGAPORE] Singapore’s non-oil domestic exports (NODX) posted an unexpected dip in November, dragged down by a big drop in electronic exports and fewer shipments to the key markets of Hong
    Source: IE Singapore  -  591 words
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      95 1 COMMENTARY The rise of Asia and the new world order PAGE 20 S’PORE NEWS Employees expect pay increase next year PAGE 9 COMPANIES UE shoots to over 4-year high on 79 Anson purchase PAGE 5 PRODUCTIVITY MATTERS Technology and thinking people I PAGE 11 SME INC Tips on tapping crowdfunding
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      9 1 PROPERTY Cautious mood in collective sales market PAGE 28
      9 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      485 2 Thais fish for F&N stock with $9.60 bait BANKS acting on behalf of Thai tycoon Charoen Sirivadhanabhakdi’s investment vehicle tried unsuccessfully over the weekend to pick up an additional 10 per cent of Fraser and Neave from institutional shareholders at S$9.60 per share, sources said. TOP STORIES, FRONT
      485 words
    • Article
      Lock icon Private home sales in November down 44%
      835 2  -  Builders hold back launches till after traditionally slow year-end season By ONG CHOR HAO [SINGAPORE] Developers here sold 44.2 per cent fewer private homes in November compared with the month before, as they held back launches during the holiday season. Data from the
      835 words
    • Article
      Lock icon Pinnacle Notes case: Hong Leong awaits Singapore court ruling
      751 4  -  By GRACE LEONG [SINGAPORE] Whether Hong Leong Finance gets the chance to fight Morgan Stanley in New York to recover more than US$32 million it paid to compensate failed Pinnacle Notes customers will depend largely on how the Singapore High Court
      751 words
    • Article, Illustration
      Lock icon Iskandar to have a new ‘southern gateway’ to M’sia
      561 4  -  By PAULINE NG in Kuala Lumpur WITH interest in Iskandar Malaysia rising noticeably, Iskandar Waterfront Holdings Sdn Bhd (IWH) appears to be sitting on a number of “gold mines”. Arguably the most attractive of its 4,000-acre (1,620ha) waterfront landbank is the
      561 words
    • Article, Illustration
      Lock icon Markets give LDP win the thumbs up
      797 4  -  Stocks surge to 81/2-month high, yen at 11/2-year low against greenback By ANTHONY ROWLEY in Tokyo FINANCIAL markets reacted sharply and positively yesterday to the sweeping election victory achieved on Sunday by Japan’s Liberal Democratic Party. The Nikkei stock average hit an 81/2-month
      PHOTO: REUTERS  -  797 words
    • Article, Illustration
      Lock icon Watch the yen tumble now
      390 4  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE [SINGAPORE] The Shinzo Abe era will herald a spectacular decline in the yen. The promise by Japan’s newly elected prime minister to end the country’s chronic deflation spells curtains for the half-hearted quantitative easing that has been the Bank of
      390 words
    • Article
      Lock icon AIG to raise up to US$6.5b from sale of its AIA stake
      702 4 Reuters [HONG KONG] American International Group may raise as much as US$6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia’s second-largest block sale ever, exiting a business the US insurer helped found
      Reuters  -  702 words
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      103 3 Cartier J 5 1 Y~ S*asL If T 7 «P ;4 s Vs.: si h .3 V 2 I Hi «*> lUk a N -c 3s I \.0 tX_, XJjX XsrfC -xXX >s v-.-x >- -xa s x 1S 7NX X(k>, \> 1 V s tgss^ 1 six x 7
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  • Page 5 Advertisements
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      100 5 SHARElNVESTOR.com The Pulse Of Trading Wktt Jlv l^OU-lA'AKt'tkiS CHRISTMAS llew f&rtures? 1. News alert on your portfolio 2. Interactive charting with integrated events calendar 3. Market screener with customisable FA and TA parameters Are. 'tke-se- feaiu.re>i in wisk fist? Trite- i/iseoimt? rKervWrskip pi ia*V. (Wlp ike row! Sharelnvestor WebPro Station
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      204 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon UE shoots to over 4-year high on 79 Anson purchase
      792 5  -  It’s paying $2,029 psf on net lettable area; rent has upside potential By KALPANA RASHIWALA UNITED Engineers’ announcement before the start of stockmarket trading yesterday that it is acquiring 79 Anson Road for $410 million sent the counter to its
      792 words
    • Article
      Lock icon November PLF up for SIA, down for SilkAir
      314 5  -  By NISHA RAMCHANDANI PASSENGER carriage grew 9.1 per cent against a 5.6 per cent rise in capacity for the month of November, Singapore Airlines (SIA) said yesterday. At 1.53 million, the total number of passengers in November was 9.7 per cent higher
      314 words
    • Article
      Lock icon Investor Relations Highlights
      319 5 ShareInvestor A SUBSIDIARY OF Sfh Ace Achieve Grew Net Profit By 9.7% To RMB15.0 Million For 1H2013 SGX Mainboard-listed Ace Achieve Infocom Limited, one of China’s leading providers and innovators of telecommunication solutions and products, was pleased to announce that the Group managed to achieve growth for
      319 words
    • Article
      Lock icon Olam gets SGX’s green light for rights issue
      460 7  -  Approval for bond-cum-warrants issue subject to certain conditions By ANDREA SOH TWO weeks after proposing a bond-cum-warrant rights issue that sparked controversy over its merits, Olam International announced yesterday that the Singapore Exchange (SGX) has given its in-principle approval for the issue.
      460 words
    • Article, Illustration
      Lock icon Investors chase S-E Asian small-cap stocks
      832 7 They bet on region’s rising investment and consumption Bloomberg [SINGAPORE] South-east Asia’s small-cap stocks are drawing investors including Aberdeen Asset Management and Samsung Asset Management as the region’s economies accelerated even as growth in China and India slowed. Small caps are benefiting from domestic
      Bloomberg; PHOTO: BLOOMBERG  -  832 words
    • Article
      Lock icon Bharti Infratel raises US$765m in IPO
      286 7 Reuters [NEW DELHI] Indian telecommunications tower operator Bharti Infratel Ltd priced its initial public offering (IPO) near the lower end of an indicative price range, raising about US$765 million in the country’s biggest IPO in two years. Bharti Infratel, a unit of top Indian
      Reuters  -  286 words
    • Article
      Lock icon Fire destroys China Paper’s latest financial records
      343 8  -  Reconstructing records will take 4-6 months; annual audit delayed By CAI HAOXIANG A FIRE has severely damaged mainboard-listed China Paper Holdings’s most recent financial records. As a result, its annual audit this year could be delayed, the Shandong-based paper manufacturer said in a
      343 words
    • Article
      Lock icon DMG downgrades Hi-P on softening iPhone 5 demand
      457 8  -  By LEE MEIXIAN DMG Partners has downgraded Hi-P International amid concerns about declining demand for the iPhone 5, as Citigroup turned negative on the iPhone maker. DMG yesterday cut its rating on Hi-P, which makes parts for Apple’s iPhones, to “sell” from
      457 words
    • Article
      Lock icon Cosco seals US$370m deal for FPSO unit
      263 8  -  By TEO SI JIA COSCO Corporation (Singapore) has secured a US$370 million contract to build a floating production, storage and offloading (FPSO) unit. The deal was won by Cosco Nantong Shipyard, a subsidiary of Cosco Corp’s 51 per cent owned China-based Cosco Shipyard
      263 words
    • Article
      Lock icon Chapter 11 action against Berlian Laju
      236 8 CREDITORS of PT Berlian Laju Tanker Tbk lodged a Chapter 11 petition in the United States against the company last Thursday, adding to woes faced by the debt-laden ship operator. Berlian Laju, which is listed in both Singapore and Indonesia, yesterday disclosed the petition
      236 words
    • COMPANY BRIEFS
      • Article
        Lock icon Privatisation offer for Rokko at $0.11 a share
        85 8 KGA Capital is looking to take Catalist-listed Rokko Holdings private at an offer price of $0.11 per share. KGA is backed by Rokko managing director Gary Lim Chong Chen, who holds 70.53 per cent in Rokko, and Rokko executive chairman Tey Kim
        85 words
      • Article
        Lock icon Lion Asiapac wins China land tender
        51 8 LION Asiapac has been awarded a tender by the Yangzhou Municipal State-owned Land Resource Administration Bureau to acquire land in the Jiangsu Province, China, to build a mixed-use development comprising residential units, shops and offices. The winning bid price was 168 million yuan (S$33
        51 words
      • Article
        Lock icon Bonus warrant issue by Asiatravel.com
        100 8 Asiatravel.com Holdings is proposing a bonus issue of up to 60.78 million free warrants in two tranches, on the basis of one warrant for every eight existing shares. Each Tranche 1 warrant will carry the right to subscribe for one new share at an exercise
        100 words
      • Article
        Lock icon ST Engg buying Volant Aerospace for US$13.1m
        32 8 ST Engineering aerospace unit Vision Technologies Aerospace has entered into an agreement to fully acquire Volant Aerospace for US$13.1 million, subject to post closing adjustments.
        32 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI falls 9.73 points on low volume
      570 6  -  Traders bet on Wall Street weakening due to absence of progress on US fiscal cliff negotiations STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index was unable to rise for an eighth consecutive day, dropping 9.73 points to 3,158.70, albeit in subdued volume.
      Source: Bloomberg  -  570 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 2 0 0 0 7 7 2 Manufacturing 41 64 39 5 10 7 46 74 46 Commerce 19 31 14 3 8 1 22 39 15 Tpt/Stor/Comms 16 19 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,094 22,094 53,876 53,876 Manufacturing 334,324 84,592 418,916 164,033 769 164,802 Commerce 231,456 42,938 274,394 120,233 1,960 122,194 Tpt/Stor/Comms 88,399 19,316 107,715 134,822 5,824 140,646 Finance 17,061 563 17,624 80,674 236 80,911 Construction 46,717 99,640
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.995 -0.005 CapitaLand 3.680 -0.080 CapitaMall 2.080 -0.040 CityDev 13.120 +0.200 ComfortDelGro 1.720 -0.070 DBS Grp 14.900 -0.030 F&N 9.630 +0.060 GLP 2.750 -0.040 Genting SP 1.360 -0.010 Golden Agri 0.655 HK Land 6.930 +0.030 IHH Healthcare 1.340 +0.030 JMH 61.800
      111 words
    • Article
      Lock icon STRAITS TIMES INDEX
      3 6
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 6 Dec 17 VALUE CLOSE BT OB/OS 415.00 -8.00 BT CADI -*****.00 -71.00 BT 10-day MA -*****.00 +42.00 FTSE ST Mid Cap 762.76 +0.80 FTSE ST Small Cap 508.39 +1.00 FTSE ST All Share 771.77 -1.64 FTSE ST China Top 208.96 +0.24 FTSE ST China 232.27 +0.25 FTSE
      72 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME MDR 301,827,000 TT Intl 136,464,000 HanKore 129,049,000 MDR W*****5 108,519,000 YHM 94,759,000 Cedar 56,928,000 Geo Energy 53,197,000 Rowsley 46,319,000 Thai Beverage 46,233,000 Genting SP 32,782,000 VALUE($) Genting SP 44,982,420 CapitaLand 38,110,954 SingTel 37,975,373 F&N 34,334,425 Olam 32,791,890 UOB 28,774,390 DBS Grp 28,185,190 Noble Grp 26,074,845 TT
      56 words
    • Article
      Lock icon BROKERS’ TAKE
      986 6  -  Compiled by CAI HAOXIANG United Engineers Dec 17 close: $3.09 Maybank Kim Eng Research, Dec 17 WITH an investment property portfolio worth S$1.7 billion, United Engineers Ltd (UEL), a long undervalued company, is on the brink of a major transformation to unlock value. The catalyst for change could
      986 words
    • Article, Illustration
      Lock icon Yen at lowest against US$ in 1½ years
      645 6 CURRENCIES Reuters [LONDON] The yen fell to its lowest in more than a year and a half against the US dollar yesterday after a landslide election victory for Japan’s Liberal Democratic Party, which is committed to aggressive monetary easing. The LDP’s victory
      Reuters; PHOTO: REUTERS  -  645 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP Hyflux 6% CPS 10 ***** 41.0 0.4 DBS Bk 4.7% NCPS 100 ***** 40.0 0.4 Lyxor EasternEurope1 500 24.4 4.2 CityDev 1312 20.0 1.5 UOB 5.05%NCPS 100 ***** 20.0 0.2 SuperGroup 322 18.0 5.9 UE 309 18.0 6.2 DBXT CSI300 10US$ 785 15.9 1.7 OCBC
      110 words
    • Article
      Lock icon FALLS
      112 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -93.9 -0.5 JMH 6180 -36.6 -0.5 STXPO 100 448 -22.0 -4.7 DBXT FTChina25 10US$ 2983 -13.4 -0.4 Lyxor China H 10US$ 1472 -12.2 -0.7 DairyFarm 1140 -11.0 -0.8 IS S&P500 ***** -11.0 -0.1 UOB 1969 -10.0 -0.5 CapitaLand 368 -8.0 -2.1 Venture
      112 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      111 7 I CORUM LACHAUX-DE-FONDS SUISSE m m fi n -1 m. Vi. m .N 7 n vv^ S 4\ s" r ADMIRAL’S CUP LEGEND Watch with tourbillon escapement, 18K red gold case water-resistant to 30 meters. Sapphire crystal back. CORUM automatic movement with micro-rotor. CORTINA WATCH ESPACE Millenia Walk Tel: *****728
      111 words
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      Lock icon Page 8 Advertisements Column 1
      117 8 Ill'" w 9 m 9 9 1 www.stjobs.sg IT Security Manager II I I V.* O o LC 1 IW!? i > 1! > f T ..r-v.t S J aie/ 1 CROSS Get Job alerts Via email with fresh updates of choice job matches. RESUME Get headhunted Post your CV
      117 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Workers expect pay hike in 2013, says Randstad survey
      403 9  -  Employees say they worked harder and longer in 2012 and should be rewarded By CHNG SZE NING SINGAPORE employees expect to enjoy an increase in their salary next year, a survey released yesterday showed. The Randstad Workmonitor Report for Q4 2012
      403 words
    • Article, Illustration
      Lock icon E&Y executive chairman in S’pore to retire
      492 9  -  He has served the professional services firm for 33 years By MALMINDERJIT SINGH THE executive chairman of Ernst Young (E&Y) in Singapore will retire from his position on Dec 31, 2012, after serving the professional services firm for more than three decades. Ong
      FILE PHOTO  -  492 words
    • Article
      Lock icon November bunker sales down at 8-month low
      240 9 Reuters SINGAPORE marine bunker fuel sales plunged to an eight-month low in November as an uncertain economic outlook kept demand tepid for the heavy residue, official data showed yesterday. Total volumes for November stood at around 3.27 million tonnes, down almost 2 per
      Reuters  -  240 words
    • Article, Illustration
      Lock icon Mural, mural on the OCBC Centre wall
      101 9 THREE street artists commissioned by OCBC Bank have created a pair of Christmas-themed murals outside OCBC Centre, seen here reflected on a pool of rainwater. The street artists behind this work, collaborating for the first time, were CLOGTWO!, Slacsatu and SKLO. OCBC chief
      PHOTO AND TEXT BY ARTHUR LEE  -  101 words
    • Article
      Lock icon Temasek makes second investment in India group
      168 9 Reuters [MUMBAI] India’s Godrej Industries said yesterday that Singapore’s Temasek Holdings will buy a 20 per cent stake in its agriculture business unit for 5.72 billion rupees (S$127.2 million) to fund the unit’s expansion. This is Temasek’s second investment in the Godrej group
      Reuters  -  168 words
    • Article
      Lock icon Spring, PUB launch water-technologies grant call for SMEs
      310 9  -  By KIM MIN SEOK SPRING Singapore (Spring) and Public Utilities Board (PUB) are jointly launching an inaugural grant call for local small and medium enterprises (SMEs) to develop water treatment technologies. Part of the Environment and Water Industry Programme Office (EWI), the
      310 words
    • Article
      Lock icon SMX to train TP students in commodities trading
      145 9  -  By TEO HOONG CHEN TEMASEK Polytechnic (TP) students will soon gain access to trading software and internship programmes from the Singapore Mercantile Exchange (SMX), under a memorandum of understanding signed yesterday. The partnership will focus on building capabilities in the trading and
      145 words
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      49 9 Limited Period Only! Buy Silver Earn Up To Per Month 3.9% Call6298 888l from i2pm-8pm for appointment. Terms and conditions apply. All forms of trading and investment carry risk. Such activities may not be suitable for everyone. No CashTop Up Required For Holders Of Physical Gold. ASIA PACIFIC BULLION
      49 words
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  • SME Inc
    • Article, Illustration
      Lock icon Tips on tapping crowdfunding
      792 10  -  Kickstarter and Indiegogo are just two of the major names helping raise funds to keep projects afloat, reports VICTORIA HO reportsVICTORIA reportsVICTORIA HO EVER had a good idea for a product and thought to yourself, if only I had a couple of thousand friends willing to
      PHOTO-ILLUSTRATION: MOHD KHAIRIE  -  792 words
    • Article, Illustration
      Lock icon Leveraging on social media for new business potential
      840 10  -  Engage SMU profs KYONG JIN SHIM The writer is an assistant professor of information systems (practice) at the School of Information Systems, Singapore Management University Q: How can SMEs get the most out of social media? A: Over the last few years,
      840 words
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      154 10 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      154 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Technology and thinking people
      1338 11  -  Khoo Teck Puat Hospital aims to get each patient out the door in good health as quickly as possible, reports TEH SHI NING HEALTHCARE reportsTEH reportsTEH SHI NING WITH its open lobby and lush greenery, Singapore’s newest hospital is at first glance not unlike a resort
      1,338 words
    • Article, Illustration
      Lock icon Going digital, new infrastructure for St Andrew’s hospital
      958 11  -  Its electronic records system cuts down retrieval time from more than 20 minutes to just 5 minutes By NISHA RAMCHANDANI ST Andrew’s Community Hospital (SACH) is working to boost productivity and improve operational efficiency through investments in digitisation and technology as well
      958 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia upbeat on outlook for medical devices
      480 12 Industry is a priority area earmarked for further development, says official [KUALA LUMPUR] Malaysia’s medical devices industry, which has been earmarked as a priority sector under the government’s National Key Economic Area (NKEA), is a potential gold mine that can contribute substantially to
      480 words
    • Article, Illustration
      Lock icon Survey points to rise in Malaysia’s inflation in Nov
      310 12 Reuters [KUALA LUMPUR] Malaysia’s annual inflation likely crept higher in November on the back of higher food prices, but still low enough for the central bank to hold its key interest rate steady at next month’s meeting, economists polled by Reuters
      Reuters; BLOOMBERG FILE PHOTO  -  310 words
    • Article
      Lock icon Indonesian 10-year bond yields fall
      334 12 Funds flow after Fed stimulus pushes it to lowest since Feb Bloomberg [JAKARTA] Indonesia’s bonds rose, pushing the 10-year yield to the least since February, on speculation the Federal Reserve’s decision to increase monetary stimulus will spur capital flows into higher-yield-ing assets. Overseas funds raised
      Bloomberg  -  334 words
  • Page 12 Advertisements
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      93 12 J L WITH STPROPGRTY,SG &qents 9®* WIN S388 worth ot advertising credit too' BUYING OR RENTING A PROPERTY? We'll reward you with $888! Visit www.STProperty.sg/deal2win now for more information. Hurry, you have until 31 January 2013 to be one of our 8 lucky winners!* H Kf vz H ‘Terms conditions
      93 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Hot money expected to flood yuan as yield spread widens
      766 13 Yield advantage for China bonds over US Treasuries has risen to 1-year high Bloomberg [SHANGHAI] The yield advantage for China’s bonds over US Treasuries rose to a one-year high, prompting a state researcher to warn that hot money will flood
      Bloomberg; PHOTO: BLOOMBERG  -  766 words
    • Article
      Lock icon China not at risk from inflation rebound: PBOC
      569 13 Reuters [SANYA, China] China faces no big risk of an inflation rebound in 2013, nor any major pressure to ease monetary policy aggressively next year, the head of research at the central bank said yesterday. Meanwhile, central bank chief Zhou Xiaochuan and
      Reuters  -  569 words
    • Article
      Lock icon India to see slowest growth in decade
      261 13 Bloomberg [NEW DELHI] India’s economy may grow at the slowest pace in a decade in the current financial year, according to forecasts by the finance ministry, which predicts inflation will slow enough to allow interest rate cuts. Asia’s third-largest economy may expand about
      Bloomberg  -  261 words
    • Article
      Lock icon Stake sales in Oil India, NTPC coming soon
      494 13 Reuters [NEW DELHI] India is looking at new ways to attract investors to sales of shares in state-run industries and large offerings in Oil India and power company NTPC are set to come in the next few weeks, a top finance ministry
      Reuters  -  494 words
  • Page 13 Advertisements
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      131 13 A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine a bank
      131 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Better growth for US – if politics permits
      813 14 Better growth for US if politics permits Economists see some upbeat indicators for the economy in 2013 NYT [NEW YORK] The US economy could finally have a pretty good year next year assuming Washington does its part. Economists see a number of sources of underlying strength in the economy, but
      NYT; PHOTO: AFP  -  813 words
    • Article
      Lock icon US economy expected to post modest growth next year: survey
      366 14 Housing sector recovery set to continue while consumer spending will be lacklustre Reuters [WASHINGTON] The US economy will stay on a moderate growth path next year amid lacklustre consumer spending and weak business investment, according to a new survey published
      Reuters  -  366 words
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      468 14 'W [•:at3 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 SUBIACO (S) PTE LTD Company Registration No. *****7429W (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of SUBIACO (S) PTE LTD by Written Means
      468 words
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      458 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MOCEAN SHIPPING PTE. LTD. Company Registration No. *****9495M (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of MOCEAN SHIPPING PTE. LTD. by Written Means is deemed to be convened and held at 190
      458 words
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      458 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF INDOCHINA SHIPPING PTE. LTD. Company Registration No. *****2466W (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of INDOCHINA SHIPPING PTE. LTD. by Written Means is deemed to be convened and held at 190
      458 words
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      Lock icon Page 14 Advertisements Column 4
      634 14 EMS ENERGY LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0485D) NOTICE OF EXTRAORDINARY MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of the Members of EMS Energy Limited (the “Company”) will be held at 1 Robinson Road #18-00 AIA Tower Singapore *****2 on 2
      634 words
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      621 14 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF KNP INVESTMENTS PTE. LTD. (INCORPORATED IN THE REPUBLIC OF SINGAPORE) (CO. REG. NO. *****8427H) NOTICE OF CREDITORS’ MEETING PURSUANT TO SECTION 296 and 297 OF THE COMPANIES ACT (CAP. 50) NOTICE IS HEREBY GIVEN that pursuant
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  • WORLD
    • Article
      Lock icon KKR raises US$6b for its second Asia fund
      707 15 It is oversubscribed due to strong demand from pension funds, say sources Reuters [HONG KONG] KKR Co has finished raising US$6 billion for its second pan-Asia fund, according to sources, the largest private equity pool ever assembled for the region, with strong
      Reuters  -  707 words
    • Article
      Lock icon ENBD tops bids for BNP’s Egypt retail business
      556 15 Deal likely to raise US$400m-US$500m for French lender Reuters [DUBAI] Emirates NBD, Dubai’s largest bank, has emerged as the frontrunner to buy BNP Paribas’ Egyptian retail business, three sources familiar with the matter said, in a deal likely to raise US$400 million
      Reuters  -  556 words
    • Article, Illustration
      Lock icon Obama pledges‘whatever power’ to prevent shootings
      611 15 Bloomberg [NEWTOWN, Connecticut] President Barack Obama, addressing a community and nation reeling after another schoolhouse shooting, pledged on Sunday to use “whatever power” he holds to prevent tragedies like the slayings here last week. “We can’t tolerate this anymore,” Mr Obama said at a
      Bloomberg; PHOTOS: REUTERS, AFP  -  611 words
    • Article
      Lock icon Myanmar woos investors for stalled mega-port project
      457 15 While Thailand has said yes, the project is too big and in dire need of more funding AFP [YANGON] Myanmar sought Monday to drum up investment in a stalled mul-ti-billion-dollar port project at the heart of the former junta-ruled country’s efforts to revive
      AFP  -  457 words
    • Article
      Lock icon Zurich Insurance faces US$700m Sandy claims
      249 15 Bloomberg [GENEVA] Zurich Insurance Group, Switzerland’s biggest insurer, said claims from superstorm Sandy are estimated at about US$700 million. That includes US$40 million related to Farmers Re in connection with the reinsurance provided to the Farmers Exchanges, it said yesterday. The claims will be
      Bloomberg  -  249 words
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      Lock icon CAN’T BEAR THIS LOUSY WRAPPING
      40 16 A sun bear playing with a Christmas present at Taronga Zoo in Sydney last Friday. In the lead-up to Christmas, a selection of the zoo animals were challenged with Christmas-themed environmental enrichment activities. PHOTO: AFP
      PHOTO: AFP  -  40 words
    • Article, Illustration
      Lock icon Boehner’s offer keeps cliff talks moving
      854 16 But many hurdles still remain and a deal is not in sight ANALYSIS Reuters [WASHINGTON] The first real movement in the “fiscal cliff” talks began on Sunday, with Republican House Speaker John Boehner edging slightly closer to President Barack Obama’s key demands as they
      Reuters; PHOTO: AP  -  854 words
    • Article
      Lock icon Hefty bill for president’s inaugural pomp
      686 16 But celebrations for Obama’s second inauguration will be toned down, cost taxpayers less AP [WASHINGTON] The pomp surrounding the inauguration of the president of the United States can carry a hefty price tag, from the glitzy galas to all those inaugural balls. Think of
      AP  -  686 words
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      Lock icon US-China talks to feature trade, fiscal cliff
      681 16 China Vice-Premier Wang to meet Trade Representative Kirk in US for two days Reuters [WASHINGTON] The United States will press senior Chinese officials this week for action on long-standing trade problems, and may face a rebuke from Beijing over the haphazard way that
      Reuters  -  681 words
    • Article
      Lock icon FDA gives early nod to new drug for rare leukaemia
      468 16 NYT [NEW YORK] First there was Gleevec, the wonder cancer drug. Then came the sons of Gleevec. Now there is the grandson of Gleevec. The US Food and Drug Administration (FDA) last Friday approved another Gleevec-like drug for the treatment
      NYT  -  468 words
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      Lock icon Foreign retailers pile pressure on Aussies
      1161 18 Domestic industry is already facing weak consumer spending, Internet competition Reuters [SYDNEY] The Americans are coming. And the Japanese and Europeans. Australia is being invaded by a swathe of foreign retailers, piling pressure on a local industry already battered by weak consumer spending and
      Reuters; PHOTO: REUTERS  -  1,161 words
    • Article
      Lock icon Failure of Internet talks may lead to firewalls
      619 18 US stand may force some nations to go their separate ways Reuters [SAN FRANCISCO] The world’s major Internet companies, backed by US policymakers, got much of what they wanted last week when many nations refused to sign a global telecommunications treaty that
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    • Article
      Lock icon EU pushes to raise phone charges in Europe
      789 18 NYT [BERLIN] When the authorities have tinkered with European telecommunications rules, it has usually been to reduce prices for consumers, whether through retail price controls on mobile roaming fees or mandatory cuts in regulated interconnection charges. But this year, to encourage more
      NYT  -  789 words
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      Lock icon South Korea’s Park Geun-hye tries to make history
      731 18 AP [SEOUL] South Korean presidential candidate Park Geun-hye heads into tomorrow’s election under the weight of history. Not only is she the daughter of a dictator who ruled with ruthless efficiency for 18 years, but she’s trying to win power in a
      AP; PHOTO: REUTERS  -  731 words
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      32 15 KISS92 FM M Utck A ft 0 KIS592 I m FT CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm @kiss92fm
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      467 16 HG IETHI HG METAL MANUFACTURING LIMITED (Company Registration No.: *****2660D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, att capitalised terms herein shall bear the same meaning as used in the circular dated 15 December 2012 issued by HG Metal Manufacturing Limited (the “Circular
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      1344 17 The Business Times Free trial nowon iPad BT All-in-One coming soon. ijrAsianw executive LIFESTYLE Fashion, ait convcrg 6 pagem PROPERTY Exec conflo PasirRis^^ contested pages Shares up at opening bell) end lower page 2 Friday, November 23,2012* ssi.oo .DINGS PUBLICATION MCA (HO** Survival of the quickest in high-cost days Govt
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  • AVIATION/SHIPPING
    • Article
      Lock icon MPA cancels G Fuel’s bunker supplier licence
      399 19  -  Cancellation comes after the company breaches terms and conditions of licence By LEE MEIXIAN [SINGAPORE] G-Fuel Pte Ltd had its bunker supplier licence cancelled by the Maritime and Port Authority of Singapore (MPA), after it breached conditions of its licence by allowing another
      399 words
    • Article
      Lock icon Myanmar woos foreign investment in port project
      409 19 Thai PM to discuss joint development with Thein Sein AFP [YANGON] Myanmar sought yesterday to drum up investment in a stalled multibillion-dollar sea-port project at the heart of the former junta-ruled country’s efforts to revive its impoverished economy. Thai Prime Minister Yingluck Shinawatra
      AFP  -  409 words
    • Article, Illustration
      Lock icon Sweden plans commercial space flights
      617 19 AFP [KIRUNA, Sweden] Sweden’s small Arctic town of Kiruna has a surprisingly international airport with regular flights to London and Tokyo, but it has even bigger plans: to offer commercial space flights. Spaceport Sweden, a company founded in 2007, hopes to be able to provide
      AFP; PHOTO: AFP  -  617 words
    • Article
      Lock icon Korea Aerospace stake sale stumbles over price, politics
      496 19 Reuters [SEOUL] The sale of an estimated US$1.1 billion stake in Korea Aerospace Industries (KAI), the country’s sole aircraft maker, was cast in doubt after Korean Air pulled out of negotiations, marring the privatisation efforts of the outgoing administration. The stake in
      Reuters  -  496 words
    • Article
      Lock icon Cuba in a hurry to tap oil wealth
      289 19 AFP [HAVANA] Cuba is moving fast to try to tap subsea oil wealth, and will start work in days with Russia’s Zarubezhneft, drilling this country’s deepest offshore well yet, state oil firm Cubapet said on Saturday. “Cubapetroleo reports that (Norwegian-owned) semi-submersible platform
      AFP  -  289 words
    • Article
      Lock icon TRANSPORT STOCKS
      249 19 SGX '000 Dec 17 S$ +/-Vol CH Offshore 0.46 0.01 54 Chuan Hup Hldg 0.26 0.01 238 Cosco Corp 0.87 -0.01 5846 S$ Ezra Hldgs 1.14 0.01 6350 First Ship Lea 0.12 unch 357 Freight Links 0.07 unch 651 Grand Banks 0.32 0.01 6 Jaya Hold Ltd 0.57
      249 words
    • Article
      Lock icon The Business Times Shipping Times
      1917 22 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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      27 19 Lianhe Zaobao Rent hike eases as more owners sublet their HDB flats aC3 ««rr JLJ -ftt -in I an' r To subscribe,call 6388-3838 or go to sphsubscription.com.sg
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      335 19 CRYPTIC CROSSWORD Across 7 Dilemma produced by number transported by bike and a railway (8) 9 Regard alike English queen and retired foreign character (6) 10 Superficial flaw in golf shot (4) 11 Copper consuming a second fine drink largely in disguise (10) 12 Bird in a cove fluttering close
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  • EDITORIAL & OPINION
    • Article
      Lock icon Malaysia’s economy on sound footing
      468 20 EDITORIAL MALAYSIA’S growth seems sustainable primarily because of domestic demand. A recent report by Barclays Capital emphasised the point. A team from the British bank paid a visit to Kuala Lumpur and “returned with a sense that growth appears more sustainable than after our previous
      468 words
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      Lock icon Fed is dicing with danger of a financial crisis
      812 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT was big news last week when the Federal Reserve announced that it wants to maintain its current low-interest-rate policy until unemployment, now 7.7 per cent, drops to at least 6.5
      The Washington Post Writers Group  -  812 words
    • Article, Illustration
      Lock icon The rise of Asia and the new world order
      860 20  -  Global economic growth is accelerating despite slower growth in China, India and Japan By DALE W JORGENSON The writer is the Samuel W Morris University Professor at Harvard University. This article was first published in Asian Pathways, a website of the
      PHOTO: AFP; Sources of economic growth  -  860 words
    • Article, Illustration
      Lock icon New BOE chief won’t be too hawkish
      1685 21  -  When Mark Carney succeeds Mervyn King in June next year, things in the UK could well be on the mend By JAMES KNIGHTLEY, TOM LEVINSON The writers are respectively senior economist and senior FX strategist at ING Bank N Nov 26, it was
      PHOTO: REUTERS  -  1,685 words
    • Article, Illustration
      Lock icon The false promise of a eurozone budget
      855 21  -  DANIEL GROS The writer is director of the Centre for European Policy Studies A KEY question confronts the four presidents of Europe’s major institutions (the European Commission, the European Council, the European Central Bank, and the Eurogroup) as they prepare their report on
      855 words
    • Article
      Lock icon Sincere shareholders should stand by Olam
      377 21 LETTER TO THE EDITOR I HAVE known the Kewalram Chanrai group (KCG) from Nigeria professionally since they started Olam in 1989. They are a very trustworthy and credible business group. Olam’s progress is a shining example of their sincere and untiring efforts. The company
      377 words
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      34 22 PLACE YOUR AD HERE The business times Shippii G TIMES CALL JOE wor IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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      32 22 Experienced ship maintenance £ndy h ou y r services services wanted, here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES IIIL UUJINLJJ IIIVILJ Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2918 23 Transaction date: Dec 17 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 Company Last Sale Vol Da ('000) High 149.5 92.5 AIMSAMPIReit 145.5 -1 51 146.5 145.5 145.5 146 5.7 13.9 652.3
      2,918 words
    • Article
      Lock icon SGX CATALIST
      178 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) Day High Last Quote Low Buyer Seller Div Gr Yld C'vr Net M Cap P/E Smil 21 12.2 t
      178 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8558 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 0.9848/ EM local Ccy
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    • Article
      Lock icon GLOBALQUOTE
      193 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26 Genting HK US$ US33.5 -0.5 6548 34 33 33 33.5 2205.8 Sale 230 180 TanChongInt HK229 +3 126 230 228 229 230 4.3 3.1
      193 words
    • Article
      Lock icon SGX ETF
      907 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 128.9 120.4 CIMB APAC Div 100S$D 125 128 128.6 105.5 95.8 CIMB APAC Div 100US$ US105 104.4 105.3 11 1323 1246 CIMBASEAN40 100S$D 1290 1327
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      629 25 Dec 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9895.68 9903.35 9826.30 Mar13 9740.00 9965.00 9715.00 9825.00 *****4 *****5 Jun13 9960.00 9960.00 9735.00 9750.00 343 1551 MSCI TAIWAN INDEX FUTURES SPOT 276.13 277.23 273.92 Dec12 278.20 279.20 274.60 276.00 ***** *****9 Jan13 277.70
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Dec 14 Index Change Change Change Change Change Change World Preliminary 928.0 -0.1 11.8 -0.1 5.5 -0.1 12.1 EAFE Preliminary 763.6 0.1 11.9 0.2 5.7 0.2 12.3 Europe Preliminary 1148.8 0.0 11.9
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 25 As on 14 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1701.60 1694.80 1696.90 INDIA GOLD (E-GOLD) FUT FEB2013 570.20 567.80 568.80 CURRENCY EUR-USD FUT DEC2012 1.3168 1.3067 1.3165 BASE METAL COPPER FUT MAR2013 8137 8098 8119 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      107 25 Dec 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1496.00 1476.50 1497.00 1474.25 Mar 13 1491.50 1472.50 1492.50 1470.25 May 13 1471.50 1456.50 1472.50 1454.25 Jul 13 1453.00 1439.25 1453.50 1437.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 49.63
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Dec 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.8 0.04 WTI (Near Mth) 86.83 0.74 Dubai (1-Mth F) 103.6 -0.36 Tapis blend 114.21 -0.06 Minas 107.49 -0.06 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.06 0.45 Jet Kerosene 123.63 -0.28 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Dec 17 S$ Bid Offer 1-month 1.2201 1.2209 2-months 1.2201 1.2209 3-months 1.2201 1.2209 6-months 1.2199 1.2208 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 25 Dec 14 Dec 14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2138.25 2132.75 3 months 2122.00 2126.00 Copper, Grade A(US$/tonne) Cash 8043.75 8052.00 3 months 8065.00 8074.00 Lead(US$/tonne) Cash 2284.25 2289.00 3 months 2294.00 2303.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.50 *****.00 3
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    • Article
      Lock icon LIFFE
      80 25 Dec 14 COCOA (£/tonne) Close Prev High/Low Mar 13 1545 1530 1550/1526 May 13 1551 1536 1554/1533 Jul 13 1556 1543 1559/1540 Sep 13 1560 1549 1564/1541 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1908 1929 1944/1905 Mar 13 1872 1892 1903/1868 May 13 1882 1899 1911/1879 Jul 13 1895
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      853 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 17 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 69 36.00 7 Price Prem Biosensors Int'l Group.ES.1212 120.5 Bumitama Agri MBeCW*****3
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 25 Dec 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.039 6.568 0.801 8.163 57.637 101.591 0.885 11.294 3.220 1.248 103.334 43.227 1.285 9.085 0.967 30.600 32.231 0.651 1.053 Canada 0.962 6.321
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    • Article
      Lock icon SIBOR
      60 25 Dec 17 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
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    • Article
      Lock icon PRECIOUS METALS
      134 25 Dec 17 GOLD(US$/oz) Dec 17 Dec 14 Hong Kong 1697.20 1708.00 Dec 14 Dec 14 Dec 13 London 1696.18 1696.24 1697.13 1697.46 Source: Thomson Reuters CAST BAR Dec 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 149 66 5gm 424 332 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Dec 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 21-Mar-13 0.23 6-Month BS*****X 13-Jun-13 0.26 0.23 0.23 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.97 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 25 Dec 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2206.0 2197.0 2215.0 2188.0 795 ***** Feb 13 2309.0 2280.0 2309.0 2265.0 6552 ***** Mar 13 2376.0 2350.0 2376.0 2332.0 ***** ***** Apr 13 2429.0 2410.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Dec 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2849 1.2860 1.0532 1.0534 Canadian dollar 1.2366 1.2375 1.0137 1.0136 Euro 1.6050 1.6063 1.3156 1.3158 NZ dollar 1.0291 1.0302 0.8435 0.8439 Sterling pound 1.9747 1.9764 1.6186 1.6189
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Dec 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.316 1.254 Can dollar 1.266 1.206 Euro 1.643 1.565 Sterling pound 2.008 1.931 NZ dollar 1.065 1.005 US dollar 1.244 1.185 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 25 Dec 17 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.30 0.20 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Dubai’s towering building ambitions return
      1885 26 But emirate’s revived dreams evoke painful memories of 2008 banking crash Bloomberg [DUBAI] Dubai, gearing up for a new development boom, will need to prove to lenders and investors that this one won’t end like the last. With the same bravura that turned the desert
      Bloomberg; PHOTOS: AFP  -  1,885 words
    • Article
      Lock icon Norway to double bank reserves tied to mortgages
      526 26 Bloomberg [OSLO] Norway has proposed to move forward with rules that would more than double the money its banks need to reserve when lending to home buyers as regulators seek to cool a booming property market. The Financial Supervisory Authority (FSA) should
      Bloomberg  -  526 words
    • Article
      Lock icon London tower filling up with insurers
      337 27 Amlin’s deal with Cheesegrater comes as banks cut space Reuters [LONDON] Lloyd’s of London insurer Amlin is to rent eight floors in the so-called Cheesegrater, a skyscraper being built in the City financial district in London, highlighting a growing split in the property market.
      Reuters  -  337 words
    • Article, Illustration
      Lock icon China property curbs to continue
      717 27 House prices forecast to rise 7% next year, 5% in 2014: survey Reuters [BEIJING] China’s reviving economy and strong housing demand are likely to put home prices on a gentle upward trend next year, and the government probably will keep in place controls aimed at
      Reuters; PHOTO: REUTERS  -  717 words
    • Article, Illustration
      Lock icon London home sales lacklustre as December prices nosedive
      499 27 Bloomberg [LONDON] London home sellers cut asking prices by the most for a December in five years as an influx of supply and seasonal factors undermined pricing power. Asking prices fell 4 per cent from the previous month to an average £464,398
      Bloomberg; PHOTO: BLOOMBERG  -  499 words
    • Article, Illustration
      Lock icon Collective sales players in no hurry to bid for sites
      1052 28  -  The 10% Additional Buyer’s Stamp Duty (ABSD) has been a cooling measure so more going for smallish land parcels By ZEINAB YUSUF SAIWALLA PRUDENCE is the word that springs to mind when one talks about the outlook of the collective
      FILE PHOTO  -  1,052 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      127 27 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR FREE IMPARTIAL ADVICE TO REVIEW ALL OF YOUR OPTIONS. Web www.smats.net Email smats@smats.net 10
      127 words
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      Lock icon Page 27 Advertisements Column 2
      244 27 Prime CBD Conservation Shophouses Mi r* UOBKayHian 39 Circular Road 42/43/44 Boat Quay 52 Boat Quay 3-Storey Attic, 3-Storey Attic, 6-Storey, 3,700 sq ft built-up area 9,236 sq ft built-up area 5,400 sq ft built-up area (approx) (approx) (approx) For further information, please contact: Sergina Ng 9023 2147 CEA Reg
      244 words
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      Lock icon Page 27 Advertisements Column 3
      116 27 vi Regus Work your way 10 flexible office locations in Singapore Fully equipped and work-ready Terms to suit any size of business New centre open in Tampines Junction Find out more about our fully equipped offices... www.regus.com.sg 1 800 622 1563 Winner, Singapore Prestige Brand 2009 I IS vxw* A
      116 words
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      69 28 1 I 'I* n mmmrn lit IMiM M. iijpniinwwiii ft' /V w >s mil iiiln A" "V. LV 277 LOUIS VUITTON CHRONOMETRE \x"' O 1 15 Az/in"'' 30 cP v\*v f/1111, SWISS MAOt i w:*- k i I mm n'i i it HI if-vl' 4Tambour In Black Automatic chronograph LV
      69 words