The Business Times, 22 December 2012

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Microfilm: NL32339
Total Pages: 47
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| DECEMBER 22-23, 2012 S$1.00| MICA (P) 075/08/2012
    15 words
  • Article, Illustration
    Lock icon Chasing the ‘Made in Singapore’dream
    1524 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore IF the world of invention and doodads were a classroom, Singapore would have started the school term as the oft-bullied brainiac making quietly brilliant toys that other larger children prised from its hands. The history of tinkering in Singapore is
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  • Article
    Lock icon MAS does something drastic about that plastic
    916 1  -  MAS proposes rules to clamp down on credit card spending by people who are struggling to clear their existing debts By Andrea Soh sandrea@sph.com.sg Singapore EVEN as cash registers ring endlessly and shoppers swipe their credit cards with abandon in the run-up to
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon FOREX
        48 2 us$ s$ US$ (S$ per US$) 1.221 (US$/S$ per 1.625 1.983 EURO(US$/S$/€) 1.320 1.611 Foreign currency per US$ S$ YEN 84.00 68.80 RM 3.063 2.509 HK$ 7.750 6.349 BAHT 30.62 25.09 RUPIAH 9,688 7,936 RENMINBI 6.229 5.103 INDIAN RUPEE 55.16 45.19 A$ 0.958 0.785 NZ$ 1.207 0.989
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      • Article
        Lock icon STOCKS
        59 2 HSTI 3,163.56 (-11.98) HSTI FUTURES 3,158.00 (-12.00) HSIMSCI 358.84 (-1.55) HSIMSCI FUTURES 357.50 (-2.10) STOCKS Friday Change KL COMP 1,658.85 -11.75 NIKKEI 225 9,940.06 -99.27 HANG SENG 22,506.29 -153.49 SET 1,373.38 -4.02 JAKARTA 4,250.21 -4.60 MANILA 5,823.94 +26.20 KOSPI 1,980.42 -19.08 SHENZHEN B 647.74 +1.12 MUMBAI IND 19,242.00 -211.92
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.950 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg
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    • Article, Illustration
      Lock icon Rowsley in two deals worth up to $581m
      871 2  -  One involves a reverse takeover deal with the owners of RSP and another the purchase of land in Iskandar By Ong Chor Hao ongch@sph.com.sg Singapore INVESTMENT firm Rowsley, controlled by billionaire Peter Lim, is set to transform itself into a real estate
      PHOTO: LIANHE  -  871 words
    • Article
      Lock icon Spain MPs approve massive spending cuts
      541 5 New protests are called even as govt says tough cuts in 2013 budget are needed to fix public finances AFP Madrid SPANISH lawmakers passed 39 billion euros (S$63 billion) worth of unpopular spending cuts on Thursday as angry demonstrators called for fresh street protests.
      AFP  -  541 words
    • Article
      Lock icon PM Lee still undecided about by-election
      700 6  -  He says he’s aware of Singaporeans’ and Punggol East residents’ expectations for one to be held sooner than later Reports by Lee U-Wen leeuwen@sph.com.sg New Delhi PRIME Minister Lee Hsien Loong remains undecided if, and when, he wants to call for a by-election in
      700 words
    • Article, Illustration
      Lock icon ‘A deal on air services will benefit both India, S-E Asia’
      597 6 ONE of the “easiest ways” for India to strengthen its links with South-east Asia is to have an air services agreement as soon as possible, said Singapore Prime Minister Lee Hsien Loong yesterday. In his view, doing so would
      PHOTO: DESMOND WEE/THE STRAITS TIMES  -  597 words
    • Article, Illustration
      Lock icon Mobile game firms race to make it to holiday app charts
      843 8 Sales seen hitting all-time high this Christmas in fast-growing market dominated by Apple Reuters San Francisco MOBILE game developers are scrambling to get on Apple Inc’s top mobile app charts this Christmas, as seasonal sales are expected to reach
      Reuters  -  843 words
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      63 2 CONTENTS LIVING Design L2-6 Guest Chef L7 Dining L8-9 NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 House Hunt 34 Real Estate 34-35 CEOs’
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      171 3 Lee Kuan Yew GLOBAL BUSINESS PLAN COMPETITION GOT A BRILLIANT BUSINESS IDEA? LET’S HEAR IT, HOT SHOT. The University for the World of Business and Management. The Lee Kuan Yew Global Business Plan Competition is a platform for aspiring entrepreneurs to showcase their ideas and win the funding and support
      171 words
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      Lock icon Page 5 Advertisements Column 1
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      34 5 i/v/V JACKPOT Estimated Draw on Mon, 24 Dec 2012 at 6.3Dpm at PoMo For details, visit www.singaporepools.com.sg Ip Yri) Always Play with care. [responsibly] Do not bet illegally. RGB Reg No: *****0202G SINGAPORE POOLS
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      86 words
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      Lock icon Page 8 Advertisements Column 1
      54 8 WATS RECRUIT Hang Seng Bank is recruiting a Control Officer Nestle has a position open for a Confectioner Metta Welfare Association has a vacancy for a Staff Nurse PastaMatrix International is hiring an HR Manager Costa Crociere S.P.A is looking for a Sales Manager Check out more than 400 positions
      54 words
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  • WEEK IN REVIEW
    • THIS WEEK December 17-21, 2012
      • Article
        Lock icon Singapore, EU complete free trade negotiations
        61 9 SINGAPORE’S trade with the European Union received a boost on Sunday as both sides completed almost three years of negotiations for a free trade agreement, which will grant Singapore and EU companies greater access to each other’s markets. The EU will be eliminating tariffs
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      • Article
        Lock icon Landslide win seen for LDP in Japan elections
        74 9 THE Liberal Democratic Party appears to be headed for a triumphant return to power after a general election on Sunday, giving it effective control over both houses of Parliament and ending the political gridlock of the past several years. Exit polls showed
        74 words
      • Article
        Lock icon Thais fish for F&N stock with $9.60 bait
        70 9 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 $9.60 per share, market sources said. That price represents a
        70 words
      • Article
        Lock icon Technical recession back in frame as exports slip
        70 9 SINGAPORE’S non-oil domestic exports posted an unexpected dip in November, dragged down by a big drop in electronics exports and fewer shipments to the key markets of Hong Kong, Malaysia and the United States. The NODX, a prime indicator of Singapore’s economic
        70 words
      • Article
        Lock icon China pulls out all stops to reel in outsourcing rivals
        49 9 IN a game of outsourcing catch-up, China has just found a new gear. Pactera, its biggest IT outsourcing company, is giving itself a mere two or three years to rival giants such as India’s Infosys and the multinational Accenture.
        49 words
      • Article
        Lock icon A grim X’mas, bonus blues for oil traders
        56 9 IT will be a blue Christmas for most oil traders here this year. They can forget about receiving the equivalent of last year’s bonuses of 6-12 months, industry players told BT. “They’ll be lucky if they can get 1-3 months, if any
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      • Article
        Lock icon Growth window slams shut on open economies
        59 9 SOUTH-EAST Asia has become an island of hope in a sea of global economic troubles, according to a World Bank report. The report echoes an earlier one by the Asian Development Bank lauding the success of much of Asean in achieving domestic-led economic
        59 words
      • Article
        Lock icon F&N advisers shrug shoulders at OUE’s offer
        69 9 IT will take more than an addition- al 20 cents per share to nudge Fraser and Neave’s independent financial advisers into calling a general offer anything more than “not compelling but fair”. JPMorgan issued that opinion in its assessment of a $9.08 per
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      • Article, Illustration
        Lock icon Q4 performance likely to mirror Q3’s: Hng Kiang
        111 9 THE performance of the Singapore economy in the fourth quarter of 2012 is likely to mirror that of the previous three months, said Trade and Industry Minister Lim Hng Kiang on Wednesday. And should the eventual Q4 numbers turn out as expected,
        PHOTO: DESMOND WEE/ST  -  111 words
      • Article
        Lock icon Echoes of past labour crunches are in the air
        59 9 SINGAPORE has been there before, but never so deeply and not on this scale. Da Nan Tang Tea House and Restaurant in Mosque Street stopped being a 24-hour establishment to open only 11 hours a day because it could not find
        59 words
      • Article
        Lock icon Asean-India trade set to exceed US$100b in 3 years
        57 9 IMAGINE the traders making twice as much money or the ships carrying two times the cargo on this route. Trade between South-east Asia and India is set to soar in the coming decade as a long-delayed free trade pact on services
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    • Article
      Lock icon NEXT WEEK Dec 24-28, 2012
      88 9 US DATA Dec 26 October Case-Shiller 20-city Index Dec 27 December consumer confidence December jobless claims December new home sales Dec 28 December Chicago PMI November Pending Home Sales Index SINGAPORE DATA Dec 24 November Consumer Price Index Dec 26 November Index of Industrial Production
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      347 9 Across 1 One providing better information from starting price (6,7) 10 He has main control of his craft (7) 11 A learner, say, backing female support in maths subject (7) 12 Meet a famous mountaineer (4) 13 Break arranged for one who works in a hot place (5) 14 Baggage
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Transforming lives
      1988 10 / 11  -  Having retired from public service, former Malaysian deputy prime minister Tun Musa Hitam now devotes his efforts to a wider cause the World Islamic Economic Forum Foundation. By Malminderjit Singh msingh@sph.com.sg AFTER an illustrious political career, many opt for a quiet retirement with occasional public appearances to keep
      WORLD ISLAMIC ECONOMIC FORUM FOUNDATION  -  1,988 words
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  • COMPANY NEWS
    • Article
      Lock icon Fincantieri acquiring 50.75% of STX OSV
      797 12  -  It will also make a general offer at $1.22 a share; stock dives as transaction price is way below market expectations By Lynn Kan lynnkan@sph.com.sg Singapore ITALY’S state-backed shipbuilder Fincantieri has finally struck an agreement to acquire STX Europe’s 50.75 per cent stake in
      797 words
    • Article, Illustration
      Lock icon GLP J-Reit’s novel payout plan has rivals reassessing dividends
      702 12 Bloomberg Tokyo GLOBAL Logistic Properties Ltd’s (GLP) novel plan to increase payouts for its new Japanese real estate investment trust (Reit) has local competitors weighing whether to follow suit. The company’s GLP J-Reit, which rose as much as 4 per cent
      Bloomberg; PHOTO: GLOBAL LOGISTIC PROPERTIES  -  702 words
    • Article, Illustration
      Lock icon Fiscal cliff, Olam rebound provide main themes
      974 13  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent ON THE external front it was the on-again, off-again US fiscal cliff talks that probably played the biggest role in setting direction this week though an upgrade of Greece’s credit rating probably did have some impact. Meanwhile
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    • Article
      Lock icon Biggest yield premium fall since 2009 may spur bond sales
      495 13 Bloomberg Beijing YIELD premiums on US dollardenominated bonds in Asia that are headed for their biggest annual decline since 2009 should help spur issuance in 2013 amid signs of an economic rebound in China, according to Australia New Zealand Banking
      Bloomberg  -  495 words
    • Article
      Lock icon S’pore equity issuance halves in 2012
      576 14  -  Slowdown reflects trends elsewhere as IPO proceeds fall 30% globally By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE equity issuance dropped sharply in 2012, mirroring a global slowdown amid broad macroeconomic uncertainties, according to preliminary data by Thomson Reuters. Total proceeds from equity issuances, including convertibles,
      576 words
    • Article
      Lock icon Mainboard IPOs mostly above issue prices
      390 14 Singapore SINGAPORE capped what was expected to be a volatile year for the stock market with 13 new mainboard listings an improvement from the nine last year. Investors in a majority of the new listings would have made money if they held on to
      390 words
    • Business briefing
      • Article
        Lock icon SIA Cargo fined NZ$4.1 million
        75 14 THE Auckland High Court has agreed to a penalty of NZ$4.1 million (S$4.17 million) for Singapore Airlines Cargo, with costs fixed at NZ$259,079. This brings the New Zealand Commerce Commission’s air cargo investigations and proceedings to a close for the SIA unit. SIA Cargo said
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      • Article
        Lock icon SIIC unit clinches wastewater project
        66 14 SIIC Environment Holdings’ subsidiary, Nanfang Water, has been awarded a transfer-operate-trans-fer wastewater project in Wuchuan City of China’s Guangdong Province. The investment amount contributable by Nanfang is 75.1 million yuan (S$14.5 million). The wastewater treatment plant will have a design capacity of 40,000 tons for
        66 words
      • Article
        Lock icon Cosco says four contracts take effect
        89 14 COSCO Corporation (Singapore) said that four shipbuilding contracts worth US$119.2 million have become effective. The contract were signed by Cosco (Zhoushan) Shipyard with a Hong Kong shipowner for the construction of four UT771CDL Platform Supply Vessels (PSVs). Delivery of the vessels are expected to
        89 words
    • Article
      Lock icon TCT’s The HQ to bring in 700m yuan yearly
      491 15  -  Retail leasing pre-commitments now at 41.8%; trust expected to pay regular distributions no later than 2015 By Cai Haoxiang haoxiang@sph.com.sg Singapore TREASURY China Trust’s (TCT) biggest asset, The HQ, is expected to bring in revenue of 700 million yuan (S$137 million)
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    • Article
      Lock icon Lippo to tap demand in Indonesia’s smaller cities
      540 15 Bloomberg Sydney PT LIPPO Karawaci, Indonesia’s largest publicly traded real estate developer by assets, plans to build more shopping malls and hospitals in cities beyond Jakarta to capitalise on an expanding middle class. The group will fund projects by selling completed properties
      Bloomberg  -  540 words
  • Page 12 Advertisements
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      89 12 swee PENTHOUSE FOR SAUC SENTOSA COVE 8000 sqft. Full seaview Bay view. Design by renewed Interior Designer MARINA BAY ***** sqft. One only! I Full seaview Bay view. I Best of the world #60 up I SENTOSA VICINITY ***** sqft. Best of best, fantastic layout. Full seaview, 270° unblocked. Facing
      89 words
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      160 13 GOOD CLASS BUNGALOW FOR SAL CALDECOTT ***** sf. Face nature reserve, quiet private. Nice land. $2I.8M CLUNY *****/ 9000 sf. 3 min walk to Botanies Gdn ENG NEO AVE ***** sf. Beautiful tropical house. EWART PK ***** sf. Beautiful modern house FORD AVE ***** sf Hilltop designer decor wide frontage
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      964 15 VIKING OFFSHORE AND MARINE LIMITED (Company Registration No.: *****7300M) (Incorporated in Singapore under the Companies Act, Chapter 50) Registered office: 21 Kian Teck Road Singapore *****3 NOTICE OF EXPIRY OF WARRANTS TO: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF VIKING OFFSHORE AND MARINE
      964 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Staying within the radar
      1160 16  -  “Page loading those two words could put your online site out of business if your customer is not quickly directed to where they want to go. from the desk of KB Thiam Marketing director, APAC, Compuware WITH the holiday season just around the corner, the pressure
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  • SINGAPORE NEWS
    • Article
      Lock icon HSA expedites nod for medical equipment
      743 17  -  Registration to be cheaper and faster for medium to high-risk Class C, Class D devices By Kim Min Seok kminseok@sph.com.sg Singapore IMPORTERS and wholesalers of medium- to high-risk medical devices will be able to get them registered for use here cheaper and in a
      743 words
    • Article, Illustration
      Lock icon Singapore art installation lights up French festival
      308 17  -  By Teo Hoong Chen teohgcn@sph.com.sg FOR the second year running, a Singaporean art installation has been showcased at the La Fête des Lumières (Festival of Lights) in Lyon, France. The Wishing Tree, as the entry is known, was crafted by social enterprise The
      308 words
    • Article, Illustration
      Lock icon Local start-ups struggle to obtain VC
      984 18 Venture capital firms are put off by the small size of the market, lack of big ideas that can be a global success and an uncertain exit strategy Reuters SINGAPORE’S decade-long push to become a hotbed for entrepreneurs is stuck at stage one. The
      Reuters; PHOTO: REUTERS  -  984 words
    • Article
      Lock icon SIA unveils $95m cabin upgrade plan for 10 long-haul Boeings
      345 18  -  By Chng Sze Ning cszening@sph.com.sg SINGAPORE Airlines will be investing nearly $95 million in a cabin upgrade that will see 10 Boeing 777-200ER aircraft refitted with new long-haul cabin products. This is aimed at providing greater product consistency across the
      345 words
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  • WORLD
    • Article, Illustration
      Lock icon China’s Great Firewall riles Internet users
      569 19 MNCs are frustrated, activists raise concerns as targeting of VPNs seems to be stepped up AFP Beijing CHINESE authorities, who have long sought to limit access to information, seem to have reinforced the so-called Great Firewall of China, frustrating foreign companies and raising activists’
      AFP; PHOTO: AFP  -  569 words
    • Article
      Lock icon Bakso sellers beef about meat curbs
      334 19 Meat import quotas have led to lower supply, high prices Reuters Jakarta WHEN Barack Obama visited Indonesia in 2010, he tucked in to a steaming bowl of meatball broth, known as bakso, served to remind him of his childhood in Jakarta. But the US
      Reuters  -  334 words
    • Article
      Lock icon Politics, laws impede India Islamic finance
      365 19 RBI chief keeps door open for non-banks to develop services Reuters New Delhi INDIA’S tiny Islamic finance industry is hoping to expand by developing products that would work around the country’s ban on Syariah-compliant banking. But political and legal obstacles mean progress is likely
      Reuters  -  365 words
    • Article, Illustration
      Lock icon Republicans snub Boehner over fiscal cliff proposal
      488 20 He drops House vote on ‘Plan B’ after failing to get enough support from his own party Reuters Washington REPUBLICAN lawmakers delivered a stinging rebuke to their leader, House of Representatives Speaker John Boehner, on Thursday when they failed to back an effort
      Reuters  -  488 words
    • Article
      Lock icon Japan economy stable but weak: outgoing govt
      335 20 Reuters Tokyo JAPAN’S economic condition has stopped worsening, the outgoing government said yesterday in a monthly report, but it remains weak enough to justify a nudge from monetary and fiscal stimulus planned by the newly elected administration. In the last monthly assessment produced
      Reuters  -  335 words
    • Article
      Lock icon Marathon hedge fund eyes European firms
      375 21 It is investing in sovereign debt, bank capital structures, quasi-sovereign entities Bloomberg New York MARATHON Asset Management LP, the US$10 billion global credit hedge fund founded by Louis Hanover and Bruce Richards, is finding opportunities in undervalued European financial companies that investors are avoiding
      Bloomberg  -  375 words
    • Article, Illustration
      Lock icon BlackBerry maker rings in US$9m Q3 profit
      567 21 Nokia settles its patent row with the Canadian firm AFP Reuters New York BLACKBERRY maker Research in Motion (RIM) on Thursday reported a small profit after three consecutive quarterly losses, offering some optimism for the struggling smartphone maker. The Canadian-based firm posted a
      AFP; Reuters; PHOTO: AP  -  567 words
    • Article, Illustration
      Lock icon Durable goods orders up 0.7% in November
      360 22 Consumer spending rises 0.4% as gift buyers make up for shopping lost to Sandy LATEST US DATA Bloomberg Washington US companies increased their orders for long-lasting manufactured goods in November, with a second consecutive monthly gain in a key category that reflects businesses’
      Bloomberg; PHOTO: AFP  -  360 words
    • Article
      Lock icon Danish mink industry toasts a Chinese chill
      236 22 Reuters Copenhagen WHILE much of European industry is flatlining or worse, Denmark’s mink industry is enjoying a bumper year, as fur is back in vogue and extreme weather in China and Russia is giving an extra boost to the business. Denmark, home to
      Reuters  -  236 words
    • Briefing
      • Article
        Lock icon BAE sells 12 Eurofighter Typhoons to Oman
        88 22 AFP London BRITISH defence giant BAE Systems yesterday announced a £2.5 billion (S$4.9 billion) deal to supply 12 Eurofighter Typhoon fighter aircraft and eight Hawk trainer jets to Oman. The deal, which will help sustain thousands of jobs in Britain, is the first
        AFP  -  88 words
      • Article
        Lock icon Aviva sells US unit for US$1.8b to Athene Holding
        96 22 AFP London BRITISH insurer Aviva has agreed to sell its US life in- surance business for US$1.8 billion to Bermuda-based Athene Holding as part of a strategic overhaul, it said yesterday. Aviva had already revealed in November that it was in
        AFP  -  96 words
      • Article
        Lock icon UMW to sell RM2b in Islamic bonds
        74 22 Reuters Kuala Lumpur MALAYSIAN industrial-to-automotive company UMW Holdings will sell up to RM2 billion (S$797.7 million) in Islamic bonds to cut debt and fund working capital, the company said in a filing to the stock exchange yesterday. UMW’s businesses range from automotive to
        Reuters  -  74 words
      • Article
        Lock icon PTT plans to spend US$12b on expansion in 2013-2017
        62 22 Reuters BangkokPTT Pcl, Thailand’s top energy firm, yesterday said that it planned to spend US$11.95 billion during 2013-2017, mostly for its joint ventures and wholly owned investments for foreign expansion. Key projects include the second phase of LNG receiving terminal, a
        Reuters  -  62 words
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      56 20 Find than more from 10 000 cars Dealers and Direct Owners Shop for ideal your vehicle here Post your ad listings cc a dp u for FREE to sell your btAKb C car STCars.sg Buy, sell or rent. At STCars.sg, your ideal car isn’t hard to find. A product of
      56 words
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      382 21 Across 1 Physio service adheres to European Union rule (7) 5 In good health and not working, so moderately wealthy? (4,3) 9 Small number of us on island, hard to feed (7) 10 More inexperienced guy, one out before end of over (7) 11 I joined 14’s party to protest
      382 words
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  • Article
    Lock icon SGX
    8081 23 Transaction date: Dec 21 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14.3 11.4 8Telecom 13.2 13 18 66.8 0.4 3.2 63.2 6 3 A-Sonic 3.2 -0.1 10 3.2 3.2 3.2 3.5 4.1 22.9
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  • Article
    Lock icon SGX CATALIST
    1871 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12.8 t 800 Super 19.2 19 19.9 3.3 5.2 5.7 34.3 4 3 t AA Grp 3.1 2.6 4 3 96 20 t APStrategic
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    181 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 2 0 0 0 7 6 2 Manufacturing 26 63 47 6 8 8 32 71 55 Commerce 18 23 20 6 5 4 24 28 24 Tpt/Stor/Comms 11 17 14
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    778 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 17 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Global Premium Hotels 20-Dec-12 Lim Wan Looi *Buy ***** 0.25 *****0 54.85 *****0 55.89 Global Premium Hotels
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,947 20,947 59,275 59,275 Manufacturing 277,359 29,673 307,032 195,114 789 195,903 Commerce 141,180 26,688 167,868 123,466 1,101 124,566 Tpt/Stor/Comms 106,944 17,315 124,259 174,922 5,367 180,289 Finance 18,624 129 18,753 119,921 53 119,974 Construction 46,842 129,626
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Dec 20 COCOA (£/tonne) Close Prev High/Low Mar 13 1471 1484 1485/1457 May 13 1480 1492 1493/1466 Jul 13 1489 1499 1499/1475 Sep 13 1496 1505 1507/1481 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1918 1877 1925/1885 Mar 13 1887 1869 1917/1870 May 13 1896 1880 1924/1879 Jul 13 1907
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    • Article
      Lock icon METALS
      69 27 Dec 21 GOLD(US$/oz) Dec 21 Dec 20 Hong Kong 1649.50 1676.60 Hong Kong Dec 20 Dec 19 London 1643.20 1672.30 1644.20 1673.10 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 36.90 36.26 Source: UOB PLATINUM /Lon (US$/oz) Dec 20 Close Previous PM Fix 1575.00 1597.00 AM Fix 1588.00
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    • Article
      Lock icon PALM OIL
      60 27 Dec 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2202.0 2201.0 2284.0 2200.0 536 6083 Feb 13 2271.0 2265.0 2354.0 2271.0 5274 ***** Mar 13 2326.0 2321.0 2410.0 2326.0 ***** ***** Apr 13 2380.0 2377.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 27 Dec 21 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 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-14 101.92 101.98 101.95 5-Year N*****0Z 2.375
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Dec 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2741 1.2752 1.0440 1.0445 Canadian dollar 1.2320 1.2330 1.0099 1.0095 Euro 1.6102 1.6111 1.3194 1.3196 NZ dollar 1.0109 1.0114 0.8283 0.8284 Sterling pound 1.9824 1.9838 1.6244 1.6249
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      Lock icon SMX MARKET UPDATE
      94 27 As on 20 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1672.90 1636.50 1643.80 INDIA GOLD (E-GOLD) FUT FEB2013 560.95 550.05 555.10 CURRENCY EUR-USD FUT MAR2013 1.3279 1.3216 1.3252 BASE METAL COPPER FUT MAR2013 7912 7878 7798 INDEX IRON ORE (MBIO) IDX
      94 words
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      Lock icon CHICAGO BOT
      103 27 Dec 20 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 13 1408.75 1437.00 1441.25 1402.75 Mar 13 1404.75 1431.00 1435.00 1397.75 May 13 1394.75 1419.50 1422.25 1388.25 Jul 13 1390.50 1414.00 1416.25 1383.50 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Jan 13 47.91 48.41 48.75 47.53
      103 words
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      Lock icon OIL
      68 27 Dec 20 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 109.94 -0.01 WTI (Near Mth) 89.62 0.20 Dubai (1-Mth F) 105.77 0.22 Tapis blend 116.18 0.13 Minas 109.46 0.13 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.33 0.72 Jet Kerosene 126.19 1.15 US$/barrel OpecOil Basket Price 107.20
      68 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Dec 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.262 1.202 Euro 1.652 1.574 Sterling pound 2.021 1.944 NZ dollar 1.050 0.991 US dollar 1.242 1.183 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
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      Lock icon LONDON METALS
      69 27 Dec 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2026.00 2048.25 3 months 2061.00 2085.00 Copper, Grade A (US$/tonne) Cash 7743.00 7897.50 3 months 7770.00 7926.00 Lead (US$/tonne) Cash 2304.50 2319.00 3 months 2325.00 2337.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 20 Index Change Change Change Change Change Change World Preliminary 942.0 0.0 13.5 0.0 7.2 0.0 14.0 EAFE Preliminary 775.2 0.0 13.6 -0.1 7.6 -0.1 14.5 Europe Preliminary 1157.6 -0.1 12.8
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      Lock icon STOCK MARKETS
      107 27 Straits Times Index YTD change:+19.54% 52-week high: 3,180.50 on Dec 21,2012 52-week low: 2,646.35 on Dec 30,2011 Source: Bloomberg Hang Seng Index YTD change: +22.09% 52-week high: 22,683.72 on Dec 19,2012 52-week low: 18,056.40 on June 4,2012 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: -2.10% 52-week high:
      Source: Bloomberg  -  107 words
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  • PERSPECTIVE
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      Lock icon Mining the market for retail gems
      1005 28 / 29  -  In most of Asia, consumer insights is not yet a developed field but S’pore is in a good position to support consumer-centric innovation for the region. By Joan Lewis By Joan Lewis ~The writer sits on the Consumer Insights International Advisory Panel, which advises
      PHOTO: REUTERS  -  1,005 words
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      Lock icon Muddy cloud with silver lining? Bring it on
      869 28 / 29  -  Themin Suwardy ~The writer is associate dean of the school of accountancy and MPA programme director at the Singapore Management University Dear Santa Merry Christmas! This is always a special time for the little ones and I want to thank you for
      PHOTO: REUTERS  -  869 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Global deal making is a myth
        1129 30 / 31  -  The American business model has less success when it is exported overseas. By Steven M Davidoff ~The writer is a professor of law and finance at Ohio State University. His columns can be found at nytimes.com/ dealbook. NYT New York FOR years, the titans
        NYT; PHOTO: AFP  -  1,129 words
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        Lock icon BROKERS' TAKE
        748 30 / 31  -  Compiled by Cai Haoxiang Jaya Holdings BUY DBS Group Research Dec 21 Close: S$0.61 JAYA has repositioned itself as a services provider to the offshore energy sector. Its core focus on chartering ensures a higher level of recurring income, while a move away from speculative shipbuilding would reduce
        748 words
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        Lock icon Monetary easing tools driving investors to gold
        1076 32  -  Given the stable demand for the yellow metal coupled with restricted supply, the long-term fundamentals for investing in it will certainly remain strong. By Albert Cheng By Albert Cheng ~The writer is managing director, Far East, World Gold Council THE much hopedfor recovery
        ST FILE PHOTO  -  1,076 words
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        Lock icon To invest or not to invest?
        1262 33  -  Does it make sense to put money in risk assets, if the uncertainty in global events could unnerve the markets? SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder THE world is increasingly uncertain. The US clings
        Source: SPH and Thomson Datastream; PHOTO: AFP  -  1,262 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        872 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 21 AND NOV 27, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 27/11/2012 99 1098 2205 2008 V On Shenton Apt 23/11/2012 99
        872 words
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        Lock icon Bungalow site, mixed-use building sold
        685 35 Ley Choon unit pays $1 3.23m for Pasir Panjang land, Techkon Group forks out $92.3m for Balestier Rd development Singapore TWO freehold properties have been sold in deals brokered by Knight Frank. A 12,933 sq ft residential site in Pasir Panjang Road with an old
        PHOTO: KNIGHT FRANK  -  685 words
      • Article
        Lock icon Centro Retail leads 69% surge in Australia mall deals
        223 35 Bloomberg Sydney CENTRO Retail Australia, the mall owner formed last year from the restructure of Centro Properties Group, led a 69 per cent jump in retail property transactions in 2012, according to Jones Lang LaSalle Inc. Shopping centre sales jumped to
        Bloomberg  -  223 words
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      147 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND
      147 words
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      57 1 LivingBTTHE BUSINESS TIMES WEEKEND DECEMBER 22 23, 2012 DINING A starry meal at home L8-9 CEOs’ HAWKER CHOICES Nasi lemak L10-12 DECK THE HALLS A peek into four homes all dressed up for the season L2-7 GADGETS High-tech spree L13 GOLF Ball talk L17 BEAUTY WELLNESS All’s well and good
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  • BT Living
    • DESIGN
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        Lock icon DECK THE HALLS
        644 2 / 3  -  We take a peek into four homes that have been beautifully dressed for the season. By Tay Suan Chiang By Tay Suan Chiang CHRISTMAS is a traditional affair for Nikki Hunt and her family. “I believe in creating memories for my children,” says Ms Hunt, founder of
        ALL PHOTOS BY YEN MENG JIIN EXCEPT PHOTO OF NIKKI HUNT  -  644 words
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        Lock icon FESTIVE FLORALS
        487 2 / 3 AS a floral designer, it comes as no surprise to see that only fresh flowers will do for Karen French when it comes to Christmas decorations. Apart from pots of poinsettias that dot her home off Yio Chu Kang, she also uses amarylis, alstroemeria, hydrangeas and gloriosa, for
        487 words
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        Lock icon MIX AND MATCH
        423 4 / 5 WHEN she first decorated her home for Christmas several years ago, former flight stewardess Salinah Baragwanath found herself with bags and bags of ornaments and not knowing what to do with them. “But now I’m better prepared,” she says. The decorations at her Bukit Timah home have
        423 words
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        Lock icon YE OLDE ENGLISH FEEL
        1221 6 / 7 taysc@sph.com.sg IN all proper English homes, especially those which make Dickens’ A Christmas Carol mandatory holiday reading and observe every festive tradition from mulled wine to mince pies, the decoration of the family tree is not to take place on any day except on Dec 6.
        1,221 words
    • DINING
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        Lock icon A STARRY CHRISTMAS MEAL AT HOME
        2105 8 / 9  -  Celebrated local chefs (and a bartender) share their favourite festive recipes with Debbie Yong Debbie Yong debyong@sph.com.sg Under The Grapevine cocktail By Stefan Ravalli of The Library Ingredients 50ml Scotch whiskey washed with brown butter 20ml Maple syrup infused with cinnamon, vanilla, sassafras and
        BREAD PUDDING PHOTO BY YEN MENG JIIN  -  2,105 words
    • CEOS' HAWKER CHOICES 2012
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        Lock icon Rich pickings
        2731 10 / 11  -  From a Malay breakfast dish, nasi lemak has become so popular that even Chinese hawkers are selling it; so it’s now easily available throughout the day. Here are the top five as voted by BT/Knight Frank CEOs’ Hawker Choices 2012 By Tan Teck Heng btnews@sph.com.sg By Tay Suan
        PHOTOS: CHRISTOPHER CHIEN; PHOTOS: YEN MENG JIIN; PHOTOS: DYLAN TAN; PHOTO: NATALIE KOH  -  2,731 words
      • Article, Illustration
        Lock icon The highs of local food
        490 12  -  By Tan Teck Heng btnews@sph.com.sg WE had to keep Lawrence Koh from eating the dish when we presented the CEO of indoor skydiving facility, iFly Singapore, with a photo-ready plate of nasi lemak. He is so passionate about the local concoction of coconut rice and
        PHOTO: CHRISTOPHER CHIEN  -  490 words
    • GADGETS
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        Lock icon High-tech spree
        597 13  -  Thankfully only the Mayan calendar ended yesterday. To celebrate being both alive and able to enjoy Christmas, Christopher Lim helps you splurge on gizmos in style Christopher Lim limchris@sph.com.sg V-MODA VAMP DAC and headphone amplifier $899 till year-end (Usual price: $1,020) THERE’S no slicker mobile audiophile package than
        597 words
    • BEAUTY & WELLNESS
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        Lock icon All’s well and good
        1279 14 / 15  -  There’s no better time than during the festive season to share gifts that enhance the well-being of loved ones. By Cheah Ui-Hoon and Jaime Ee By Cheah Ul-Hoon, Jaime Ee uihoon@sph.com.sg jaime@sph.com.sg 1. CHI, The Spa at Shangri-la Hotel FOR the spa junkie on your list,
        1,279 words
    • SPORTS
      • Article, Illustration
        Lock icon Will the lions go for blood?
        587 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent NINETY minutes are all that now stand between Singapore and a record fourth South-east Asian football championship. The Lions are so close to glory that they can almost taste it on their lips. In all honesty, however,
        PHOTO: REUTERS  -  587 words
      • Article, Illustration
        Lock icon Dear Santa, all I want for Christmas is...
        693 16 IT’S that time of the year to see who’s been naughty or nice on Santa’s list, and some of the anchors of ESPN’s SportsCenter are checking it twice to put together a wish-list for what they want to see in their Christmas
        PHOTO: STOCKXCHNG  -  693 words
    • GOLF
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        Lock icon Golf balls take off
        1468 17  -  Technology has developed with such strides that players are imbued with greater confidence from tee to green. By Justine Moss IT’S the only product in a golfer’s bag which is used for every shot, yet many players in the past have thought more about the equipment
        PHOTOS: TITLEIST, NIKE GOLF  -  1,468 words
    • MOTORING
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        Lock icon What’s new in 2013
        1132 18  -  The COE quota may shrink further next year but there’s no reason to hold back on that new car purchase, especially with so many new and exciting models due here. Samuel Ee looks at some of them Samuel Ee samuelee@sph.com.sg BMW 316i It’s finally here. The
        1,132 words
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      111 4 / 5 THE SOUND VISION SPECIALIST AV ONE 2012 COLLECTIONS 1 Zikmu designed by Philippe Starck Now: $2,688 Black, White, Red Available Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO VISUALISM' A Sony, Infocus, Panasonic Full HD 3D Projector Made in Japan. From $2,699 $35,000 m PMC, Lindemann Hifi/Cinema System
      111 words
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      953 6 / 7 wine&dine with BTWeekend New Year Repast Level 4 5, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1111 Dec 31, 2012 to Jan 1, 2013 What better way to usher in the New Year than to dine at Marina Mandarin Singapore! Welcome 2013 with a sumptuous buffet spread featuring favourites such
      953 words
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      54 10 / 11 IN YOUR CORNER AT EVERY CORNER Knight Frank Knight Frank’s Retail Team provides services encompassing retail consultancy planning, retail marketing and shopping centre management. Call Knight Frank Retail Team at 6222 1333 for the full suite of retail services. CORPORATE SERVICES > RESIDENTIAL > RETAIL > OFFICE > INDUSTRIAL >
      54 words
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      261 14 / 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
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      38 17 HOME Ni E S Moving? Let the experts sort it out for you. To find out more, turn to CLASS 115 £t 239 in CATS Classified in The Straits Times now. WATS BUY IT* SELL IT* FIND IT
      38 words
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      274 19 Ed SlaiH r Motors L k< Select pjC n fcL/v#* sraB^I H III EDCai -■> n Your Leader In Quality Pre-owned Cars I Il*l Hertz Select Select BHa i jqrn i I i I T T i i i J Visit our new IMo.1 showroom. Our showroom at 1 Ubi
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