The Business Times, 27 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$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, December 27, 2012
    25 words
  • Article, Illustration
    Lock icon Yen bows lower to greet new PM
    764 1  -  Currency dives and stocks rise as Abe rekindles promise of growth By ANTHONY ROWLEY in Tokyo ANTI-DEFLATION warrior and security hawk Shinzo Abe was sworn in yesterday as Japan’s prime minister, and with his new Cabinet focused on implementing pro-growth policies, the outlook
    PHOTO: REUTERS; Source: Bloomberg  -  764 words
  • Article
    Lock icon URA factors in shrinking condo unit sizes as it looks ahead
    937 1  -  By KALPANA RASHIWALA [SINGAPORE] The Urban Redevelopment Authority (URA) seems to think that the average unit size of condos will shrink in its estimates of housing supply for the Government Land Sales (GLS) programme. Based on BT’s analysis of
    937 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,180.81 (+12.24) GST INDEX FUTURES 3,181.00 (+19.00) GSIMSCI 360.28 (+1.40) GSIMSCI FUTURES 361.20 (+2.20) US$ S$ US$ (S$ per US$) 1.223 (US$/S$ per 1.613 1.972 EURO (US$/S$/€) 1.320 1.614 Foreign currency per US$ S$ YEN 85.40 69.80 RM 3.069 2.509 HK$ 7.751 6.338 BAHT 30.66 25.07 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      47 1 Wednesday Change KL COMP 1,671.58 +2.18 NIKKEI 225 10,230.36 +150.24 HANG SENG Closed SET INDEX 1,382.23 +3.91 JAKARTA COMP 4,275.09 +24.88 MANILA COMP 5,832.83 +8.89 SEOUL COMP 1,982.25 +0.43 SHENZHEN B 673.23 +9.18 MUMBAI IND 19,417.46 +162.37 11am EST Change DOW 13,130.72 -8.36 NASDAQ 2,998.87 -13.73
      47 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.144 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Technical recession back on the radar
      738 2  -  Some economists say that GDP would shrink quarter on quarter in Q4 By TEH SHI NING [SINGAPORE] Continued weakness in the electronics cluster meant that the manufacturing sector’s return to growth in November was not convincing enough to quash talk of a fourth quarter
      Source: Economic Development Board  -  738 words
    • Article, Illustration
      Lock icon Public sector report highlights concerns
      519 2  -  MOF cites housing, transport, real income growth By LEE U-WEN [SINGAPORE] While Singapore has done well so far in areas such as health care, education and international relations, there are still many issues to be addressed in the coming years, the Ministry of Finance (MOF)
      FILE PHOTO  -  519 words
    • Article
      Lock icon Correction
      48 2 IN “Rowsley in two deals worth up to $581m” (BT, Dec 22), we wrongly identified Sabana Shari’ah Compliant Industrial Real Estate Investment Trust as the first building design and engineering company to be listed on the Singapore Exchange. It isn’t and we are sorry for the error.
      48 words
    • Article, Illustration
      Lock icon Ratan Tata hands over reins of empire
      792 2 AFP [MUMBAI] Indian industrialist Ratan Tata retires on his 75th birthday this week, handing over the reins of his sprawling business empire after decades at the top of the country’s turbulent corporate world. Mr Tata has been credited with transforming the Tata group
      AFP; FILE PHOTO  -  792 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      495 2 Yen bows lower to greet new PM ANTI-DEFLATION warrior and security hawk Shinzo Abe was sworn in yesterday as Japan’s prime minister and, with his new Cabinet focused on implementing pro-growth policies, the outlook for the economy appears brighter than it has in years. Markets celebrated by pushing
      495 words
    • Article, Illustration
      Lock icon Analysts see sustained demand for HDB resale flats next year
      1033 4  -  They say prices may rise by between 3% and 8% and COVs may go up by 5-10% By ONG CHOR HAO [SINGAPORE] Hot, robust and pulsating. Three words market watchers have used to describe the resale flat market this year,
      Source: HDB, ERA Research; FILE PHOTO  -  1,033 words
    • Article
      Lock icon Colliers on housing policy for the elderly, singles
      705 4  -  By MINDY TAN [SINGAPORE] There is room for more private sector involvement and policy tweaks in the housing provision needs for both the elderly and singles, suggests a white paper by property consultancy Colliers International, and this could start with the government
      705 words
    • Article
      Lock icon China sees more bank risks, pressure on revenue in 2013
      451 4 Reuters [BEIJING] China faces rising risks in its banking sector and pressure on government revenue in 2013 while economic recovery could be hampered by weak external demand and domestic constraints, ViceFinance Minister Li Yong said in comments published yesterday. The
      Reuters  -  451 words
    • Article, Illustration
      Lock icon Boom economies to increase UN payments
      519 4 AFP [UNITED NATIONS] China, Brazil, India and other emerging powers have agreed to major increases in their United Nations payments as the global body hammered out a new budget deal this week to avoid its own fiscal cliff. The boom countries will pay more
      AFP; FILE PHOTO  -  519 words
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      Lock icon Page 3 Advertisements Column 1
      186 3 www.vw. com. sg The Jetta. Upgrade to First Class motoring. no W3 ats O 4 V .11*.' t. .V Quality German engineering is now available at an equally exceptional price. The Jetta has one of the largest boots in its class and industry leading safety features such as an Electronic
      186 words
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  • Page 4 Advertisements
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      120 4 Legend of the Seas 2012/2013 2N MALACCA CRUISE Dep Date Feb 06 Mar 23 Port-of-call: Singapore, Malacca 3N BEST OF MALAYSIA CRUISE Dep Date Feb 22 Mar 01,08 29 Port-of-call Singapore, Penang, Port Klang 4N ISLES OF SOUTHEAST ASIA Dep Date Jan 03 Feb 08 25 Mar 04 25 Apr
      120 words
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      Lock icon Page 4 Advertisements Column 2
      18 4 Head to CATS FASTADS in The New Paper for job opportunities! MATS BUY IT* SELL IT* FIND IT
      18 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Firms fall short in long-term incentives for top execs
      901 5  -  Practice of providing such incentives more prevalent in larger companies By ANDREA SOH COMPANIES may preach about planning and strategising for the long term. But when it comes to paying their top executives, the talk falls short. Only one in five
      901 words
    • Article
      Lock icon Doing away with shadow morality in the market
      640 5  -  HOCK LOCK SIEW By R SIVANITHY IN HIS Sceptical Essays, the philosopher Bertrand Russell wrote: “We have, in fact, two kinds of morality side by side: one which we preach but do not practise, and another which we practise but seldom preach.”
      640 words
    • Article
      Lock icon Offer price for SC Global fair: independent advisers
      485 7  -  Shareholders urged to accept bid or sell in open market if price is higher By MINDY TAN THE $1.80-per-share offer by chief executive and chairman Simon Cheong for shares in SC Global is “fair and reasonable”, say the high-end residential property development
      485 words
    • Article
      Lock icon Greenwich extends Gul Tech exit offer to Jan 9
      291 7  -  By CARINE LEE GUL Technologies Singapore Ltd’s shareholders now have up to Jan 9 to accept the cash exit offer of 16.2 cents a share from Greenwich Pacific Pte Ltd. The offer from Greenwich, ultimately owned by a member of the
      291 words
    • COMPANY BRIEFS
      • Article
        Lock icon Oriental placement to raise $21.4m
        119 7 ORIENTAL Group is looking to raise net proceeds of $21.4 million in a placement of 179.2 million new shares at 12 cents each, the steelmaker said yesterday. The issue price is at a 9.16 per cent discount to Oriental’s volume weighted average price of 13.21
        119 words
      • Article
        Lock icon FDS gets SGX nod to stay listed
        150 7 FDS Networks Group Ltd has been given the nod by the Singapore Exchange to stay listed and continue trading its securities, subject to conditions. This follows the company’s earlier proposed disposal of its wholly owned subsidiary FDS Networks Group (BVI) Ltd, which upon
        150 words
      • Article
        Lock icon Etika, TYJ agree to raise subscription price
        105 7 ETIKA International Holdings and popiah company Tee Yih Jia Food Manufacturing’s (TYJ Group) have agreed to raise the subscription price for the shares that TYJ will be taking up. The subscription price will be raised to 21.321 cents per new share, from the
        105 words
    • Article
      Lock icon Darco’s contract in Taiwan turns sour
      393 7  -  Unit takes action to end deal, citing delays by county By JASMINE NG DARCO Water Technologies has initiated legal action to terminate a $79 million contract to build and operate a wastewater treatment plant in north-west-ern Taiwan. Citing unacceptable delays, Darco said yesterday that
      393 words
    • Article, Illustration
      Lock icon Rowsley shares continue climb, rising 19.2%
      479 8  -  Trend follows deals worth up to $581 m, including one for purchase of land By ONG CHOR HAO INVESTORS seem convinced by investment company Rowsley’s pending transformation into a property player, as its shares gained 19.2 per cent yesterday, rising for the second trading
      Source: Bloomberg  -  479 words
    • Article
      Lock icon Ascott to manage three more properties in Shanghai and Suzhou
      351 8  -  By LEE MEIXIAN THE Ascott Ltd has clinched contracts to manage three more properties in Shanghai and Suzhou in China. The 90-unit Ascott Heng Shan Shanghai in the Xuhui district is scheduled to open in 2014; over in Suzhou, the
      351 words
    • Article
      Lock icon Time for the SEC to get serious about tackling HFT
      645 8 Bloomberg FINALLY, a bit of evidence, rather than anecdote, about the costs of high-fre-quency trading. In a new study, Andrei Kirilenko, the chief economist at the US Commodity Futures Trading Commission, along with researchers at Princeton University and the University
      Bloomberg  -  645 words
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      Lock icon Page 5 Advertisements Column 1
      217 5 REQUEST FOR PROPOSAL (RFP CUM QUALIFICATION STAGE): To Manage, Operate Maintain Phase 1 of the Jurong Rock Caverns Storage Facility at Jurong Island (“Project”) JTC Corporation had earlier conducted the Pre-RFP Qualification exercise during the open tender stage for the above Project. Under the selective RFP Procedure, shortlisted applicants will
      217 words
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      Lock icon Page 5 Advertisements Column 2
      407 5 More nimble than large caps, more stable than small caps. Why are U.S. mid caps in the sweet spot for investment? Get Substance the UBS House View Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone B B 5af5t SB? B Please contact your UBS client advisor, or
      407 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Rowsley, Informatics in limelight
      560 6  -  Penny stocks reign as market turnover averages 25 cents per unit on high unit volume of 3.3 billion STOCKS R SIVANITHY Senior Correspondent Hectic punting on Rowsley Holdings and Informatics, both stocks connected to prominent local businessman Peter Lim, provided the main spark in an otherwise
      Source: Bloomberg  -  560 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Dec 26 VALUE CLOSE BT OB/OS 396.00 +203.0 BT CADI -*****.00 +194.0 BT 10-day MA -*****.00 +39.00 FTSE ST Mid Cap 770.42 +3.95 FTSE ST Small Cap 516.63 +5.25 FTSE ST All Share 777.93 +3.41 FTSE ST China Top 210.59 +0.69 FTSE ST China 235.56 +0.62 FTSE
      73 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 2 0 0 0 10 3 2 Manufacturing 71 31 37 10 7 8 81 38 45 Commerce 37 8 20 7 2 2 44 10 22 Tpt/Stor/Comms 17 12 8
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,040 26,040 30,603 30,603 Manufacturing 403,630 94,019 497,649 124,649 1,892 126,541 Commerce 387,719 33,213 420,932 83,706 1,486 85,192 Tpt/Stor/Comms 54,000 18,399 72,399 75,651 5,771 81,422 Finance 42,104 296 42,400 52,911 123 53,033 Construction 247,497 173,443
      123 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      860 6  -  Compiled by JOYCE HOOI 2013 Market Outlook Phillip Securities Research, Dec 26 USING four valuation and momentum indicators, we conclude that the Singapore market should turn in positive performance for 2013. Our analysis of earnings trend suggests that earnings momentum in the Singapore market has just bottomed out.
      Source: Bloomberg  -  860 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.940 CapitaLand 3.720 +0.030 CapitaMall 2.130 +0.010 CityDev 12.960 +0.040 ComfortDelGro 1.780 +0.025 DBS Grp 14.910 -0.020 F&N 9.680 -0.010 GLP 2.790 +0.060 Genting SP 1.375 +0.020 Golden Agri 0.645 HK Land 6.970 -0.030 IHH Healthcare 1.350 -0.005 JMH 63.000 +0.140
      112 words
    • Article, Illustration
      Lock icon Yen hits 20-month low, past 85 per US$
      490 6 CURRENCIES Bloomberg [SINGAPORE] The yen yesterday weakened past 85 per US dollar for the first time since April 2011 as Shinzo Abe was approved as Japan’s prime minister, amid speculation that he will push the central bank to increase cash infusions into
      Bloomberg; PHOTO: REUTERS  -  490 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      52 6 VOLUME Informatics 309,360,000 MDR 282,570,000 Rowsley 241,652,000 YHM 171,906,000 SingXpress 151,698,000 TopGlobal 140,223,000 Healthway 137,231,000 TT Intl 128,338,000 HanKore 122,866,000 GSH Corp 107,879,000 VALUE($) Rowsley 74,843,585 Informatics 37,846,037 SingTel 30,563,660 GLD 10US$ 29,649,469 Etika 28,734,110 TT Intl 22,117,627 Genting SP 20,044,475 EzionHldg 19,791,155 LionGold 19,787,030 DBS Grp
      52 words
    • Article
      Lock icon RISES
      113 6 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 199.3 1.2 GLD 10US$ ***** 159.0 0.8 Lyxor EmergingMkts 1 1052 69.7 5.7 JSH 3632 57.5 1.3 DBXT FTVietnam 10US$ 2160 40.4 1.6 IS S&P500 ***** 36.7 0.2 DBXT Nifty 10US$ ***** 33.0 0.2 DBXT CSI300 10US$ 824 30.6 3.1
      113 words
    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 3492 -30.6 -0.7 DBS Bk 4.7% NCPS 100 ***** -30.0 -0.3 CIMBAsean40 100US$ 1070 -22.0 -1.7 DBXT MSINDO 10us$ 1489 -20.8 -1.1 Lyxor MS India 10US$ 1395 -15.9 -0.9 STXPO 100 422 -15.0 -3.4 UOB 5.05%NCPS 100 ***** -13.0 -0.1 DBXT
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      201 7 St ,2 4P'>( 'i> m w. M <S tf P m w* r~*r- -m. ti u Pf yd 9 1 m- TiWie TO ADD AMOtHOP Feather 1 1 ’/fy '—iMliflM ;,i^i j >■> M It is a mark of distinction for the brave and the fearless who have achieved new
      201 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      131 8 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Industrial Government Land Sales: Land Parcels at Ubi Avenue 4, Tuas South Avenue 10 and Tuas South Street 8 Site Information pC* Ubi Avenue 4 Land Area Tenure GPR Zoning 3.503.5 sqm 30 years 2.5 B1 OXLEY BIZHUB (U/C) isl0* Land Area
      131 words
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      Lock icon Page 8 Advertisements Column 2
      962 8 BRANDED LIFESTYLE RETAILING (SINGAPORE) PTE. LTD. (In Members’ Voluntary Liquidation) (Company registration number *****1799W) THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE OF FINAL MEETING WELL EXPRESS HOLDINGS LIMITED (the "Company") NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50, that
      962 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Eight private estates to get upgrading
      396 9  -  7,000 households to benefit from $29m EUP exercise to be completed in 3-4 yrs By ZEINAB YUSUF SAIWALLA MORE than 7,000 households are set to benefit from a $29 million facelift under the government’s Estate Upgrading Programme (EUP). The properties, spread across eight private
      PHOTO: FILE  -  396 words
    • Article
      Lock icon CapitaLand’s Harold Woo makes top 25 IROs list
      309 9  -  By ONG CHOR HAO CAPITALAND Limited’s head of investor relations, Harold Woo, has been named one of the world’s 25 most influential inves-tor-relations officers (IROs) of the past 25 years. He is the only Singaporean on the list, where the names are
      309 words
    • Article
      Lock icon Six Tote Board board members appointed
      280 9  -  By KIM MIN SEOK SIX individuals have been named board members of the Singapore Totalisator Board (Tote Board). Of the six appointed by the Minister for Finance, three are new to the board, and the other three, re-appointees. Tan Soo Nan has been re-appointed
      280 words
    • Article
      Lock icon KKH gets MOH ‘stern letter’ for baby mix-up
      354 9  -  By NISHA RAMCHANDANI THE Ministry of Health (MOH) is pushing for healthcare institutions to ensure patient safety following an incident last month at KK Women’s and Children’s Hospital (KKH), in which two newborn babies were sent home with the wrong mothers. Director
      354 words
  • Page 9 Advertisements
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      503 9 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices mapletree commercial (Constituted in the Republic of Singapore pursuant to a Trust Deed dated 25 August 2005 (as amended)) NOTICE OF EXTRAORDINARY GENERAL MEETING Extraordinary General Meeting at Panjang Road, Mapletree Business City, Multi Purpose Hall Auditorium, Singapore *****8 NOTICE IS HEREBY GIVEN
      503 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon RM75m Q4 profit seen at Aeon Malaysia
      569 10  -  Maybank also sees RM3.15b revenues at Japan retailer’s 29 outlets this year By PAULINE NG in Kuala Lumpur TRADITIONALLY good for retail, the fourth quarter is expected to be the best for Aeon Co (Malaysia). Maybank IB sees the Japanese retail giant posting
      569 words
    • Article, Illustration
      Lock icon Indonesia sees unmilled rice output rising in 2013
      549 10 Reuters [JAKARTA] Favourable weather conditions and rising domestic economic growth will see Indonesia’s unmilled rice output hit 72.064 million tonnes in 2013, up from 68.965 million tonnes this year, Agriculture Minister Suswono said yesterday. Southeast Asia’s largest economy, which has a rising
      Reuters; PHOTO: REUTERS  -  549 words
    • Article
      Lock icon Tradewinds at five-month high after Syed Mokhtar’s buyout offer
      410 10 Reuters [KUALA LUMPUR] A Malaysian tycoon’s RM1.5 billion (S$598.4 million) buyout offer for commodities firm Tradewinds Bhd underscores a privatisation drive in South-east Asia as low share prices and cheap finance entice dealmakers to snap up assets. Malaysia’s sixth-richest man, the
      Reuters  -  410 words
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      Lock icon Page 10 Advertisements Column 1
      149 10 4 r www.stjobs.sg IT Security Manager 0. 1 t S r r r iMM AM Jiit A It IffcJ I w U Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards 2012 S' i\ Get Job alerts Via email with fresh updates of choice job matches. Get
      149 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Corrupt Chinese officials hog headlines
      1538 11 Lately, the state media has been serving up a head-spinning collection of scandals NYT [BEIJING] THE Chinese have become largely inured to tales of voracious officials stockpiling luxury apartments, US$30,000 Swiss watches or enough stolen cash to buy their mistress a Porsche. But when images
      NYT; PHOTO: AP  -  1,538 words
  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      338 11 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SKYLIT PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****0929R At an Extraordinary General Meeting of the Company duly convened and held at 1, Kim Seng Promenade,
      338 words
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      333 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEMBAK SHIPPING PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****9582K At an Extraordinary General Meeting of the Company duly convened and held at 1, Kim Seng Promenade, #07-02 Great World City, Singapore *****4 on
      333 words
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      333 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SALMON SHIPPING PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****1436D At an Extraordinary General Meeting of the Company duly convened and held at 1, Kim Seng Promenade, #07-02 Great World City, Singapore *****4 on
      333 words
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      332 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JUARA SHIPPING PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****9824D At an Extraordinary General Meeting of the Company duly convened and held at 1, Kim Seng Promenade, #07-02 Great World City, Singapore *****4 on
      332 words
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      Lock icon Page 11 Advertisements Column 5
      334 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF IKAN KERAPU SHIPPING PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****8540E At an Extraordinary General Meeting of the Company duly convened and held at 1, Kim Seng Promenade, #07-02 Great World City, Singapore *****4
      334 words
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      333 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MAREE SHIPPING PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****3882K At an Extraordinary General Meeting of the Company duly convened and held at 1, Kim Seng Promenade, #07-02 Great World City, Singapore *****4 on
      333 words
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      332 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MEXICO SHIPPING PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****2091C At an Extraordinary General Meeting of the Company duly convened and held at 1, Kim Seng Promenade, #07-02 Great World City, Singapore *****4 on
      332 words
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      333 11 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALNATH (SINGAPORE) PTE. LTD. (In Members' Voluntary Liquidation) Company registration no. *****4595W At an Extraordinary General Meeting of the Company duly convened and held at 1, Kim Seng Promenade, #07-02 Great World City, Singapore *****4 on
      333 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Bullet train service linking Beijing-Guangzhou starts
      512 12 Ride cuts travelling time from 22 hours to just 8 hours AFP [BEIJING] China yesterday started service on the world’s longest high-speed rail route, the latest milestone in the country’s rapid and sometimes troubled super fast rail network. The opening of the new 2,298-kilometre
      AFP; PHOTO: REUTERS  -  512 words
    • Article
      Lock icon China cuts Q3 capital account gap
      251 12 But second straight shortfall likely to fuel investor jitters Reuters [BEIJING] China posted a US$51.7 billion deficit in its capital and financial account in the third quarter, official data showed yesterday, a downward revision to the preliminary US$70.8 billion reported in October. The finalised
      Reuters  -  251 words
    • Article
      Lock icon Tata, Birla may lead US$9b urea investments in India
      688 12 Govt guarantee on investment returns to fuel capacity rise Bloomberg [MUMBAI] Aditya Birla Nuvo Ltd and Tata Chemicals Ltd may lead US$9 billion of spending to increase India’s urea capacity by almost 50 per cent, spurred by a government policy guaranteeing
      Bloomberg  -  688 words
    • Article
      Lock icon Wealthy Chinese flaunt new status symbol – high-end bike
      610 12 Wealthy Chinese flaunt new status symbol high-end bike Reuters [HONG KONG] Rich Chinese are buying bicycles that cost more than the average citizen makes in three years, motivated by nostalgia for the days when two wheels were the primary means of transport. China is now the world’s biggest auto market,
      Reuters  -  610 words
    • Article, Illustration
      Lock icon India bank risks tumble on record cash boost
      673 12 Bloomberg [MUMBAI] Indian banks’ bond risk is falling at the fastest pace since 2009 after policy makers pumped record cash into the financial system to support the economy, cutting lenders’ funding costs to a two-year low. The average price of contracts that
      Bloomberg  -  673 words
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      419 12 IN THE MATTER OF THE COMPANIES ACT, (CHAPTER 50) PURSUANT TO SECTION 290(1)(b) At an Extraordinary General Meeting of JIN YI HUA PTE. LTD. (Company Registration No. *****4466K) duly convened on 19 December 2012, the following resolutions set out below were duly passed AS SPECIAL RESOLUTIONS “a) That the Company
      419 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US retail sales inch up 0.7% during holidays
      806 13 Shopping season marred by bad weather, growing economic uncertainty AP [WASHINGTON] US shoppers spent cautiously this holiday season, a disappointment for retailers who slashed prices to lure people into stores and now must hope for a post-Christ-mas burst of spending. Sales of
      AP; PHOTO: AP  -  806 words
    • Article
      Lock icon Austerity-hit Europeans flock to Switzerland for a new life
      682 13 AFP [GENEVA] After losing one public-sector IT job and then another in austerityhit Spain, Thierry Perello decided to seek his fortune in one of the few remaining bright spots on the European map: Switzerland. “I just didn’t want to stay in
      AFP  -  682 words
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      2748 13 NFS MFS TECHNOLOGY LTD (Company Registration No. *****9562R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company will be held at #02-01, Wearnes Building, 801 Lorong 7 Toa Payoh, Singapore *****9 on Friday, 11 January 2013, at 11:30 a.m. to transact
      2,748 words
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  • WORLD
    • Article, Illustration
      Lock icon Russia signs US$2.9b arms deals with India
      567 14 Contracts to supply kits worth US$1.6b to assemble Sukhoi jets and US$1.3b for helicopters Washington Post [MOSCOW] Russia sealed US$2.9 billion of weapons contracts with India on Monday as President Vladimir Putin visited his nation’s top arms customer for the first time since
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      Lock icon Thai exports up, growth forecast increased
      381 14 Bloomberg [BANGKOK] Thailand’s Finance Ministry raised its forecast for expansion in 2012 as export growth quickened to a 15-month high in November after factories returned to full capacity following last year’s floods and demand improved. Gross domestic product will increase 5.7 per cent from
      Bloomberg  -  381 words
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      Lock icon SEC going high-tech to get real-time data
      714 14 New software may go live in early 2013, at a cost of US$2.5m for the year The Washington Post [WASHINGTON] As computing power and big data have revolutionised stock trading in recent years, one market player has lagged far behind: the Securities and
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      Lock icon Shoppers not deterred by Tube strike
      332 14 AFP [LONDON] Strike action heavily disrupted London’s Underground train network yesterday, as hundreds of thousands of bargain hunters headed to the shops for the traditional Boxing Day sales. All 13 of the Tube lines were running a reduced service after just a third of
      AFP; PHOTO: AFP  -  332 words
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      Lock icon Google makes inroads into Microsoft’s turf
      1093 15 Cloud-based Google business software gains appeal among larger enterprises NYT [SAN FRANCISCO] It has taken years but Google seems to be cutting into Microsoft’s stronghold businesses. Google’s software for businesses, Google Apps, consists of applications for document writing, collaboration, and text and video communications
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      Lock icon Foreign carmakers see potential in Russia
      922 16 GM, Ford, Volkswagen, Nissan, Renault opening new plants in the country or plan to do so soon NYT [NIZHNY NOVGOROD, Russia] Sleek and glistening, the General Motors sedans creep off the assembly line here. They are as new as cars can get. And so
      NYT; PHOTO: REUTERS  -  922 words
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      Lock icon Obama shortens vacation to tackle fiscal cliff
      529 16 Main obstacle still conservatives who resist any tax hikes NYT [KAILUA, Hawaii] President Barack Obama was planning to cut his Christmas vacation short and return to Washington to make a last-ditch push for a compromise on a tax and spending dispute with Congress
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    • Article
      Lock icon Quick action can still pull US back from fiscal cliff
      513 16 NYT [NEW YORK] Quick action by US President Barack Obama and Congress could still help the economy escape the full impact of hundreds of billions in tax increases and automatic spending cuts set to take effect shortly after the last
      NYT  -  513 words
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      Lock icon S Korean president-elect urges chaebol bosses to save jobs
      486 16 They should not start with layoffs to overcome difficulties Reuters [SEOUL] South Korea’s president-elect asked the leaders of the country’s big businesses, or chaebol, yesterday to think twice before cutting jobs, saying that it was time for the conglomerates her father
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      Lock icon Russia unveils final link of oil pipeline to the Pacific
      698 18 ESPO seen to boost Russia’s position in international oil markets AFP [MOSCOW] Russian President Vladimir Putin has unveiled the final extension of a new US$25 billion oil pipeline to the Pacific that underscores the energy power’s gradual shift away from
      AFP; PHOTO: AFP  -  698 words
    • Article
      Lock icon Niche perfumers infuse Paris with new options
      554 18 AFP [PARIS] Deep in concentration, Tina Queralt sorts through a scatter of white paper strips sprayed with scent. She has whittled the choice down to a handful in her search for The One: the perfect perfume. One Saturday in the run-up to Christmas,
      AFP  -  554 words
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      Lock icon Company with stars in its eyes plans asteroid mining mission
      621 18 NYT [BELLEVUE, Washington] The job description and title “Chief Asteroid Miner” are not what you are likely to come across on a job-search website. Besides, the position is taken. Chris Lewicki, the president of Planetary Resources, a company based in
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      Lock icon SMFG eyes Asia’s non-bank retail market
      405 18 It will focus on sales finance for cars, TVs, aircons in S-E Asia Reuters [TOKYO] Sumitomo Mitsui Financial Group Inc (SMFG) plans to speed expansion in Asia via its non-banking units such as consumer finance and credit, hoping to lure the region’s retail clients,
      Reuters; PHOTO: BLOOMBERG  -  405 words
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      1 14 DOMAIN
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      62 14 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 7th 10th MARCH 2013 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX AND WORLD
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      102 15 WITH STPROPCRTV^G /\gent s gej to WIN $388 worth ol advertising credit too' BUYING OR RENTING A PROPERTY? We'll reward you with $888! Visit www.STProperty.sg/deal2win now for more information. Hurry, you have until 31 March 2013 to be one of our 8 lucky winners!* e 0 Ivc- 1 ■TJ f
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      88 16 SHARElNVESTOR.com The Pulse Of Trading CHRISTMAS tlew Fe&iur&$? 1. News alert on your portfolio 2. Interactive charting with integrated events calendar 3. Market screener with customisable FA and TA parameters Are- iWe- features in ijour wisk fist? trit* Tftstount? up ic irt twUKtAr rvretnWrskip p{w<t (trajp tke Attractivekvowi Ji Sharelnvestor
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      26 16 ON TOP Katrina Kaif is Bollywood’s No.1 heroine speaks to four volunteers on what moves them to give back to the community GET YOUR COPY TOMORROW
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      48 17 PROUDLY ORGANISED BY OFFICIAL VENUE SPONSOR MAIN SPONSORS BENEFICIARIES SPONSORS: PARTNERS: SPECIAL THANKS TO: Mr Kwek Leng Joo, managing director of City Developments Limited for his personal donation of 18 photo artworks to ChildAid for fundraising, and Keppel REIT for the loan of Steinway grand piano Model D.
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  • AVIATION/SHIPPING
    • Article
      Lock icon Some better news at last
      672 19  -  Iceberg 1 crew rescued after 3 years in captivity; tougher action against piracy needed STRAIT TALK By DAVID HUGHES THIS past year has not been a particularly happy one for the shipping industry. It started with the loss of the cruise ship Costa Concordia, which
      672 words
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      Lock icon Myanmar probes crash landing of tourist jet
      627 19 AFP [HEHO, Myanmar] Myanmar was yesterday investigating the cause of an air accident that left two people dead and 11 injured when a passenger jet packed with foreign tourists crash-landed and caught fire. The incident raised fresh questions about the safety standards of
      AFP; PHOTO: AFP  -  627 words
    • Article
      Lock icon TRANSPORT STOCKS
      250 19 SGX '000 Dec 26 S$ +/-Vol CH Offshore 0.46 unch 88 Chuan Hup Hldg 0.26 0.01 312 Cosco Corp 0.89 0.01 5088 Dec 26 Ezra Hldgs 1.14 0.02 3936 First Ship Lea 0.13 unch 297 Freight Links 0.07 unch 3871 Grand Banks 0.33 0.02 1 Jaya Hold Ltd
      250 words
    • Article
      Lock icon US dockworkers reject offer; lockout looms
      435 19 Reuters [SEATTLE] Dockworkers at four US Pacific Northwest ports moved closer to a possible labour clash with grain shippers on Monday, as parties in a larger, separate dispute at 15 East and Gulf coast ports agreed to mediation ahead of strike deadline set for
      Reuters  -  435 words
    • Article
      Lock icon Vitol plans to sell bunkers at Johor port
      431 19 Bloomberg [SINGAPORE] Vitol Group plans to start sales of marine fuel, or bunkers, to a port in southern Malaysia as it seeks to supply ship owners that moved from Singapore, the world’s sec-ond-biggest container port. Vitol Trading Malaysia Labuan Ltd may sell
      Bloomberg  -  431 words
    • Article
      Lock icon Kingfisher files revival plan with regulator
      272 19 Reuters [NEW DELHI] Grounded carrier Kingfisher Airlines has filed a revival plan with the country’s airline regulator, a senior government official said on Tuesday, in an effort to renew its operating licence before it expires at the end of the year. Kingfisher, which has
      Reuters  -  272 words
    • Article
      Lock icon The Business Times Shipping Times
      1918 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
      1,918 words
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      36 19 Technologysaves sunsetindustry Photoprinting company's remarkable turnaround company's remarkable turnaround mm n 9 /A Zx PS fr« UJ8 V 'V ry To subscribe, call 6388-3838 or go to sphsubscription.com.sg 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
      365 19 CRYPTIC CROSSWORD Across 1 Female member going after half the undergrads healthy stallions here? (4,4) 9 Look drunk, becoming impenetrable (8) 10 Start to take exercise, casting the first garment (4) 11 The back of Number Ten in the 1950s? A tempting location (6,2,4) 13 When touring around notice various
      365 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Freer trade gaining more traction
      485 20 EDITORIAL THE economic outlook may appear gloomy with only a few glimmers of hope for the coming year. Nevertheless, in recent times, there is some evidence to show there may be a silver lining behind this dark cloud, namely the continued proliferation of free trade
      485 words
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      Lock icon When finance sector becomes too much of a good thing
      821 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent I CAME across an extraordinary report recently, one which I must admit slipped my attention when it first appeared several months ago. But since few other people appear to have noticed or commented
      821 words
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      Lock icon Challenges for wealth managers in Asia-Pac
      1013 20  -  Banks need an innovative way forward if they are to capitalise on growth in Asian wealth By SIGRID SEIBOLD, SUSHIL SALUJA Sigrid Seibold is a Singapore-based Accenture managing director and co-author of the recently published white paper, ‘New Wealth, New Opportunities’. Sushil Saluja is
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      Lock icon India’s Asean ties get a fresh boost
      1712 21  -  Built upon a glorious history, the strong contemporary relations are poised for ever greater heights in coming years By GURJIT SINGH The writer is India’s Ambassador to Indonesia, Timor-Leste and Asean. The views are personal THE historical engagement between India and the countries
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      Lock icon Saving Kyoto: modest progress but not enough
      720 21  -  By YVO DE BOER, SHARAD SOMANI Yvo de Boer is special global advisor, KPMG Clima te Change and Sustainability, while Sharad Somani is head of Climate Change and Sustainability Services, KPMG in Singapore IF THERE is one word that sums up the achievements
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      34 22 PLACE YOUR AD HERE The business times Shippii G TIMES CALL JOE WOP 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
      3007 23 Transaction date: Dec 26 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 Day Last Quote (’000) High Low Buyer Seller 149.5 93.5 AIMSAMPIReit 148 unch 434 149 148
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      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 Cooo) Day High Last Quote Low Buyer Seller Div Gr Yld C’vr Net P/E M Cap Smil 21 13.5 t
      178 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8322 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.06/ Aberdeen Asset Mgt Asia Limited Asian Smaller Cos'** 1 8175/ EM local Ccy Bond .0 9871/ European Opportunities!" 1.076/ Global Emerging Markets 1 1 *****
      8,322 words
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      Lock icon GLOBALQUOTE
      249 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 $mil Company 41.5 26.5 Genting HK US$ US33 unch 1242 33.5 33 33 33.5 2172.9 Sale 244 181 TanChongInt HK242 +8 411 244 240 240 243 4.3 2.9
      249 words
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      Lock icon SGX ETF
      889 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 $mil Company 133.8 120.4 CIMB APAC Div 100S$D 133.8 134.1 135.3 106.3 95.8 CIMB APAC Div 100US$ US106.3 105.6 106.5 11.2 1327 1246 CIMBASEAN40 100S$D 1315 +25
      889 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      621 25 Dec 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.22 *****.36 *****.34 Mar13 *****.00 *****.00 *****.00 *****.00 ***** *****6 Jun13 *****.00 *****.00 *****.00 *****.00 7 1802 MSCI TAIWAN INDEX FUTURES SPOT 274.55 276.14 274.16 Dec12 275.20 275.80 274.00 274.00 ***** ***** Jan13 275.20
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Dec 24 Index Change Change Change Change Change Change World Preliminary 936.8 -0.2 12.9 -0.2 6.5 -0.2 13.1 EAFE Preliminary 772.6 0.0 13.3 -0.2 6.9 -0.2 13.5 Europe Preliminary 1154.8 0.0 12.5
      373 words
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      Lock icon SMX MARKET UPDATE
      94 25 As on 24 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1666.00 1657.30 1659.30 INDIA GOLD (E-GOLD) FUT FEB2013 558.20 555.80 561.10 CURRENCY EUR-USD FUT MAR2013 1.3236 1.3219 1.3185 BASE METAL COPPER FUT MAR2013 7836 7826 7816 INDEX IRON ORE (MBIO) IDX
      94 words
    • Article
      Lock icon CHICAGO BOT
      107 25 Dec 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1439.75 1430.75 1443.50 1428.50 Mar 13 1435.75 1429.25 1425.50 1425.50 May 13 1426.75 1418.75 1415.25 1415.25 Jul 13 1421.50 1413.25 1410.00 1410.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 13 48.94
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Dec 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.44 -0.41 WTI (Near Mth) 88.75 0.47 Dubai (1-Mth F) 104.40 -0.59 Tapis blend 114.75 -1.11 Minas 107.33 -1.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.28 0.00 Jet Kerosene 125.97 0.00 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Dec 26 S$ Bid Offer 1-month 1.2229 1.2234 2-months 1.2229 1.2234 3-months 1.2228 1.2234 6-months 1.2227 1.2233 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 25 Dec 24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2039.75 2048.25 3 months 2075.00 2083.00 Copper, Grade A(US$/tonne) Cash 7787.50 7807.50 3 months 7810.00 7831.00 Lead(US$/tonne) Cash 2304.00 2287.00 3 months 2323.00 2306.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • Article
      Lock icon LIFFE
      80 25 Dec 24 COCOA (£/tonne) Close Prev High/Low Mar 13 1460 1469 1469/1455 May 13 1469 1477 1473/1463 Jul 13 1478 1487 1484/1473 Sep 13 1485 1494 1487/1480 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1954 1933 1958/1930 Mar 13 1906 1894 1913/1898 May 13 1914 1903 1921/1906 Jul 13 1924
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      931 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 73 35.20 7 Price Prem Biosensors Int'l Group.ES.1212 122 Bumitama Agri MBeCW*****3
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 25 Dec 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.028 6.459 0.785 8.029 56.811 100.280 0.884 11.117 3.179 1.261 100.793 42.650 1.267 8.896 0.948 30.129 31.757 0.642 1.036 Canada 0.973 6.285
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    • Article
      Lock icon SIBOR
      59 25 Dec 26 (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$) 2 mths 0.***** 0.***** 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates 1 yr
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Dec 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2665 1.2674 1.0358 1.0361 Canadian dollar 1.2324 1.2332 1.0082 1.0080 Euro 1.6132 1.6141 1.3194 1.3196 NZ dollar 1.0038 1.0050 0.8210 0.8216 Sterling pound 1.9717 1.9730 1.6126 1.6130
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    • Article
      Lock icon PRECIOUS METALS
      135 25 Dec 26 GOLD(US$/oz) Dec 24 Dec 21 Hong Kong 1675.00 1649.50 Dec 21 Dec 21 Dec 24 London 1656.00 1659.59 1657.00 1660.48 Source: Thomson Reuters CAST BAR Dec 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 146 65 5gm 416 326 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Dec 26 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-14 101.93 101.99 101.98 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 25 Dec 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2290.0 2299.0 2309.0 2289.0 256 5476 Feb 13 2378.0 2378.0 2389.0 2374.0 2224 ***** Mar 13 2429.0 2428.0 2440.0 2420.0 6924 ***** Apr 13 2480.0 2476.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Dec 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.295 1.234 Can dollar 1.260 1.200 Euro 1.647 1.569 Sterling pound 2.007 1.930 NZ dollar 1.037 0.979 US dollar 1.245 1.186 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 25 Dec 26 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ Offer Bid 7 days 0.30 0.20 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
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  • PROPERTY
    • Article, Illustration
      Lock icon Trump Tower woes signal that Canada condo market is cooling
      1295 26 Investors sue hotel, developers as cash flow, financing fail to materialise TORONTO PROPERTY Bloomberg [TORONTO] Herbert Crockett said that his late father suggested investing in something that he could touch, so he put cash into Donald Trump’s latest hotel project
      Bloomberg; PHOTO: BLOOMBERG  -  1,295 words
    • Article, Illustration
      Lock icon Developers still heading for the skies
      512 26 Reuters [TORONTO] Barry Fenton walked to the bank of floor-to-ceiling windows in his 30th-floor uptown Toronto penthouse suite and declared: “This is the best view of the city.” To the south, a mass of steel-and-glass skyscrapers glinted in the bright autumn sun. Several cranes
      Reuters; PHOTO: REUTERS  -  512 words
    • Article
      Lock icon Househunt
      869 26 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN NOV 28 AND DEC 4, 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 29/11/2012 99 1033 1938 1875 V On Shenton Apt
      869 words
    • Article, Illustration
      Lock icon Cambridge: a magnet for int’l investors now
      1160 27 Growing demand in university town for both property sales and long-term rentals IHT [CAMBRIDGE, England] Cambridge is famous for its university, but it has also become known for global investment in recent years. Demand for residential and commercial property has increased the size
      IHT; PHOTO: BLOOMBERG  -  1,160 words
    • Article
      Lock icon Sandy-hit seaside homes set to be occupied again
      906 27 Builders to give priority to those displaced by storm NYT [NEW YORK] There is a sparkling view of the nowdocile Atlantic Ocean from the window of an apartment on the 19th floor of Building 2 of Ocean Village, an eyesore of a
      NYT  -  906 words
    • Article
      Lock icon Hyattdenied bid to take back resort in Curacao
      252 27 AP [WILLEMSTAD, Curacao] Hotel investment group Santa Barbara Hospitality, N.V., says that a court in Curacao, a southern Caribbean Sea island, has denied a bid by Hyatt Hotels Corp to resume control of the former Hyatt Regency Curacao Golf Resort, Spa and
      AP  -  252 words
    • Article, Illustration
      Lock icon China Vanke planning HK listing: Credit Suisse
      633 28 Move will give giant developer direct access to global investors Bloomberg [BEIJING] China Vanke Co, the biggest developer by market value traded on the nation’s exchanges, may be planning to convert its for-eign-currency denominated shares for a listing in Hong Kong, according to
      Bloomberg; PHOTO: BLOOMBERG  -  633 words
    • Article
      Lock icon Bids for Sony HQ in NY give no hint of its future
      591 28 NYT [NEW YORK] The AT&T Building, a lavish US$200 million headquarters with a seven-story arch, was a symbol of a resurgent New York when it opened in 1983 after a decade of municipal woes and corporate flight. The
      NYT  -  591 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      60 27 KIBURN ESTATE 'i'” mmm i 7% v. '■‘"S' !l vRSSS mm 1 Call Realstar: 6100 0080 A quaint and charming home situated on a sprawling ***** sqft of land. Expect lush flora and fauna to capture your senses as you enter, all meticulously kept by an avid hobbyist. Land *****
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      Lock icon Page 27 Advertisements Column 2
      218 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
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      Lock icon Page 27 Advertisements Column 3
      121 27 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with Sales Leasing of the following types of assets 3 4 Star Hotels Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units
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  • Page 28 Advertisements
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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