The Business Times, 8 January 2013

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Microfilm: NL32353
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, January 8, 2013
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  • Article, Illustration
    Lock icon Call of S’pore less thrilling now for MNCs
    714 1  -  Survey shows rising costs and staff shortages could hurt Republic’s attractiveness as a regional HQ By TEH SHI NING [SINGAPORE] Singapore is losing its attractiveness to global multinational companies (MNCs) as a location from which to manage business in Asia, a new
    Source: Economist Corporate Network ABOS 2013  -  714 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,218.26 (-6.96) HST INDEX FUTURES 3,218.00 (-7.00) HSIMSCI 363.27 (-1.77) HSIMSCI FUTURES 362.80 (-2.30) US$ S$ US$ (S$ per US$) 1.232 (US$/S$ per 1.604 1.976 EURO (US$/S$/€) 1.302 1.605 Foreign currency per US$ S$ YEN 87.80 71.20 RM 3.042 2.469 HK$ 7.751 6.290 BAHT 30.45 24.71 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,694.16 +1.58 NIKKEI 225 10,599.01 -89.10 HANG SENG 23,329.75 -1.34 SET INDEX 1,415.32 -1.34 JAKARTA COMP 4,392.38 -17.64 MANILA COMP 6,044.91 +73.46 SEOUL COMP 2,011.25 -0.69 SHENZHEN B 756.31 +18.79 MUMBAI IND 19,691.42 -92.66 11am EST Change DOW 13,386.26 -48.95 NASDAQ 3,094.00 -7.66
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 INDONESIA 14,203 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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  • Article
    Lock icon Bosses seek local remedy for their labour pains
    776 1  -  Since manpower policy won’t change, they are starting to turn to local workers By CHUANG PECK MING [SINGAPORE] If 2012 is remembered as the year of the Great Foreign Labour Squeeze, we are likely to look back at 2013 less dramatically as
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      384 1 PRODUCTIVITY Hotel sector: Developing people and technology PAGE 13 SME Inc Team building is an added Plus PROPERTY URA to review guidelines on private enclosed space PAGE 10 PAGE 11 COURT CASE Budget hotel tycoon sues Rolls Royce dealer over ‘noisy’ Phantom PAGE 2 EXPERTS ON WHAT’S IN STORE IN
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      408 2 S’pore’s call less thrilling now for MNCs SINGAPORE is losing its attractiveness to global multinational companies as a location from which to manage business in Asia, a new survey by The Economist Corporate Network suggests. Concerns over inflation, soaring property prices and staff shortages are taking some of
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    • Article, Illustration
      Lock icon Global regulators ease key bank rule to spur credit
      908 2 Basel gives banks more time, flexibility on new guideline Reuters [BASEL, Switzerland] Global regulators gave banks four more years and greater flexibility on Sunday to build up cash buffers so they can use some of their reserves to help struggling economies
      Reuters; PHOTO: REUTERS  -  908 words
    • Article, Illustration
      Lock icon Budget hotel tycoon’s ‘noisy’ Phantom lawsuit opens
      980 2  -  Rolls-Royce dealer counters that Koh’s car not different from others By GRACE LEONG [SINGAPORE] Is the $1.41 million Rolls-Royce Phantom that Fragrance budget hotel chain tycoon James Koh bought defective because it failed to give him a “whisper-quiet interior” or a “magic carpet
      THE BUSINESS TIMES FILE PHOTO  -  980 words
    • Article
      Lock icon What’s on SCCCI’s Budget 2013 wishlist
      618 2  -  Topics range from PIC payouts to work pass renewals By FELDA CHAY [SINGAPORE] Increase the quantum of the cash payout under the Productivity and Innovation Credit (PIC) scheme, be more transparent on the renewal criteria for work passes, and raise loan support to small-
      618 words
    • Article, Illustration
      Lock icon High-end talent crunch blunts Guangdong’s edge
      902 4  -  It needs 1 million workers to help it regain star status By CHRISTINA WANG EJ Insight [HONG KONG] Guangdong, the economic powerhouse that contributes about one-tenth of the country’s gross domestic product, is losing its competitive edge due to a shortage of high-end talent,
      EJ Insight; PHOTO: REUTERS  -  902 words
    • Article
      Lock icon KL pushes back opening of budget terminal
      500 4  -  Delay is to ensure it starts up with no glitches; analysts positive on change By in PAULINE NG in Kuala Lumpur IN A BID to avoid opening blues, Malaysia has deferred the start date for its spanking new budget terminal to June 28
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    • Article, Illustration
      Lock icon Rothschild seeks to remove Bumi CEO, most of board
      669 4 He has sent formal notice to request general meeting Bloomberg [SINGAPORE] Nathaniel Rothschild, the financier who co-founded Bumi plc, is seeking to take control of the coal company by removing its chief executive and most of the board, fuelling a dispute
      Bloomberg  -  669 words
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      296 3 Months Treasure There is no better time to own that timepiece. Enjoy 0% interest on a 36-month Instalment Payment Plan. Exclusive to DBS/POSB Credit Cards. The Hour Glass Exclusive Interest-Free Privileged Payment Programme Choose to purchase your treasured timepiece through either 12, 24 or 36-month instalment plan. The Hour Glass
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      115 5 u w 7 Comprehensive Transportation Systems fm. w:-' lug! -i- Advanced Water Treatment Systems *<■ > Efficient Power Plants and Energy Solutions Reliable Info-Communication Technology Pioneering technologies for a better tomorrow. For over a hundred years, we have been providing efficient transportation, cleaner water, sustainable energy and the infrastructure for
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  • COMPANY NEWS
    • Article
      Lock icon Sign of listing pick-up as two unveil IPO plans
      569 6  -  School operator eyes mainboard; rubber processing firm eyes Catalist By ANDREA SOH IN WHAT could be a harbinger of a pick-up in listing activity this year, two firms have unveiled their flotation plans barely a week into the new year. Private
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    • Article, Illustration
      Lock icon CDLHT still riding on Maldives resort deal
      553 6  -  Banyan Tree shares also make further gain By NISHA RAMCHANDANI SHARES in CDL Hospitality Trusts (CDLHT) continued to climb in trading yesterday, after it announced last week that it is buying a resort in the Maldives from Banyan Tree Holdings. CDLHT closed atS$1.97
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    • Article
      Lock icon Wilmar slump may extend on trading concern
      760 6 Bloom berg [HONG KONG] Wilmar International Ltd, the worst performing stock on the Straits Times Index (STI) in 2012, may extend its slide this year as investors favour agricultural companies that rely less on trading. Wilmar, the world’s largest palm oil processor, lost
      Bloomberg  -  760 words
    • Article, Illustration
      Lock icon ST Engg arm wins $192m deals
      393 7  -  Electronics unit clinches rail, road projects in M’sia, Taiwan, S’pore By LYNN KAN THE electronics arm of Singapore Technologies Engineering (ST Engg) reeled in $192 million worth of contracts in the closing quarter of last year. In the rail electronics and intelligent transportation segment,
      393 words
    • Article
      Lock icon Asia’s growing millionaires buy up US$ bonds
      819 7 Dollar deals by regional money managers jump Bloomberg [HONG KONG] Investors in Asia are buying almost two-thirds of new bonds denominated in US dollars in the region, fuelling record issuance as local wealth swells. Regional money managers bought 61 per cent of dollar
      Bloomberg  -  819 words
    • COMPANY BRIEFS
      • Article
        Lock icon GSH in plans to develop Fujian eco-city
        74 7 GSH Corporation Ltd has signed a legally nonbinding memorandum of intent (MOI) to jointly plan and develop a marine ecocity with the government of a city in China’s Fujian province. The LonghaiSingapore Marine Eco-City Project will be sited in Longhai, a county-level city
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      • Article
        Lock icon CSE Global units bag $26m of contracts
        79 7 CSE Global Ltd yesterday announced two new projects clinched by its subsidiaries totalling about $26 million. Its wholly owned Singapore unit, CSE Transtel (Singapore), secured the third telecommunication order as part of the Inpex project in Australia. Its wholly owned UK subsidiary, CSE-Controls
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      • Article
        Lock icon Cheung Woh’s Q3 loss falls to $289,000
        51 7 CHEUNG Woh Technologies Ltd narrowed its losses to $289,000 in the fiscal third quarter ended Nov 30, 2012. A year ago, the group posted a loss of $4.71 million. Turnover fell 59.8 per cent year-on-year to $14.17 million from $35.24 million a year
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      • Article
        Lock icon Ocean Sky clarifies unit sale statement
        73 7 OCEAN Sky International Ltd clarified yesterday that the US$55 million it is selling its apparel unit for represents a premium of some 37.5 per cent to the unit’s assumed net tangible assets of US$40 million after the deal is complete, and a price to
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    • Article
      Lock icon Smaller stocks to lead again this year: DBS
      475 9  -  Earnings growth for small, mid-caps seen at 12.9%, above large caps’ 8.6% By CAI HAOXIANG SMALLER stocks outperformed large ones in 2012 and the trend will continue this year, said DBS Group Research yesterday. In their “Small Mid Caps Strategy” report, DBS
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    • Article, Illustration
      Lock icon Price hikes in Hong Fok, Innopac, Manhattan Res prompt SGX queries
      428 9  -  Companies unaware of info that could explain trade activity By TEO SI JIA SHARES of three companies shot up yesterday amid an ongoing penny stock boom, prompting queries from Singapore Exchange (SGX). Hong Fok Corporation and Innopac Holdings were
      Source: Bloomberg  -  428 words
    • Article
      Lock icon Shares hit as China Essence fails in bid to defer bond redemption
      523 9  -  By LEE MEIXIAN SHARES of cash-strapped China Essence Group took a beating yesterday on news that bondholders had rejected its proposal to postpone redeeming HK$30 million (S$4.75 million) of convertible bonds to mid-March 2013. The potato products maker
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      35 6 iMisa Punggol Point the next East Coast Park? Read more on STProperty.sg r .1 Download the STProperty App for iPhone iPad now! At STProperty, your ideal property isn’t hard to find. f STProperty.SG STPropertySG STPROPERTY.se
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      Lock icon Page 6 Advertisements Column 2
      325 6 Influence of Financial News on Stock Prices i ii II..: From 21st Dec 2012 to 26th Dec 2012, the shore price of Rowsley Ltd has increased from $0,141 to $0.33, a 134% increase in its share price in just 2.5 trading days! Stock prices are often influenced by the financial
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      Lock icon Page 6 Advertisements Column 3
      249 6 InvestorRelationsHighlights Lippo Malls Indonesia Retail Trust Completed The Acquisition of Binjai Supermall In Indonesia LMIRT Management Ltd., in its capacity as manager of Lippo Malls Indonesia Retail Trust, was pleased to announce the completion of the acquisition of Binjai Supermall. Binjai Supermall is a three-level retail mall located in Binjai,
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      175 7 Prices start from $8M. Tour our Gallop Green Townhouses this weekend to learn about our customized incentives. Foreigners are eligible. Gallop Green Townhouses are sited on a sprawling estate in excess of 140 000 sqft*. Combining the best of living within the city and nature, it is the most spacious
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stock fever continues
      587 8  -  Average unit traded is 26 cents; frantic punting results in SGX querying some of the firms concerned STOCKS R SIVANITHY Senior Correspondent HECTICrotationalc h u r n i n g o f low-priced stocks continued to be the local market’s preferred play yesterday, when six billion
      Source: Bloomberg  -  587 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Jan 7 VALUE CLOSE BT OB/OS 1181.00 +263.00 BT CADI -*****.00 +255.00 BT 10-day MA -*****.00 +118.00 FTSE ST Mid Cap 792.23 +5.62 FTSE ST Small Cap 541.35 +7.15 FTSE ST All Share 790.72 +0.20 FTSE ST China Top 222.62 +2.16 FTSE ST China 248.61 +1.64 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 7 2 0 0 0 8 7 2 Manufacturing 104 35 36 15 5 9 119 40 45 Commerce 52 8 14 7 2 2 59 10 16 Tpt/Stor/Comms 23 8 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,703 28,703 55,002 55,002 Manufacturing 765,749 382,536 1,148,285 275,983 4,157 280,140 Commerce 791,601 89,284 880,885 194,968 4,569 199,536 Tpt/Stor/Comms 163,663 14,355 178,018 192,714 4,505 197,219 Finance 335,872 780 336,652 172,886 330 173,216 Construction 955,109 295,229
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      994 8  -  Compiled by JOYCE HOOI CDL Hospitality Trusts Jan 7 close: $1.97 MAYBANK KIM ENG, Jan 7 SALE-AND-LEASEBACK of Angsana Velavaru. CDLHT announced that it has entered into a conditional sale and purchase agreement with Banyan Tree Holdings (BTH) on Jan 4 for the acquisition of Angsana Velavaru (79
      Source: Bloomberg  -  994 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 2.080 -0.030 CapitaLand 3.850 +0.050 CapitaMall 2.120 CityDev 12.700 -0.280 ComfortDelGro 1.795 -0.005 DBS Grp 14.800 -0.120 F&N 9.690 +0.050 GLP 2.770 Genting SP 1.460 -0.005 Golden Agri 0.660 -0.005 HK Land 7.130 +0.020 IHH Healthcare 1.390 +0.010 JMH 64.360 +0.860
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    • Article, Illustration
      Lock icon Greenback mixed in Asian trade
      479 8 CURRENCIES AFP [TOKYO] The US dollar was mixed in Asia yesterday, after the unit last week surged to its highest level against the Japanese yen in more than two years following positive jobs data and a deal on the fiscal cliff. The greenback bought 87.73
      AFP; PHOTO: AP  -  479 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 8 VOLUME MDR 660,797,000 IPCO Intl 582,201,000 MDR W*****5 521,389,000 Innopac 301,606,000 YHM 294,836,000 HLH Grp 189,199,000 Oceanus 166,174,000 Healthway 114,704,000 TopGlobal 109,784,000 Rowsley 108,088,000 VALUE($) Noble Grp 71,577,385 SingTel 56,474,568 CapitaLand 53,152,145 Geo Energy 51,494,670 Wilmar 41,757,520 DBS Grp 39,626,855 OCBC Bk 38,604,540 Innopac 36,328,683 Rowsley 33,724,350
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    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP DBXT E50 10US$ 4174 292.0 6.0 GLD 10US$ ***** 133.1 0.7 DBXT FTVietnam 10US$ 2395 117.1 4.1 JMH 6436 106.0 1.4 DBXT S&P500 10US$ 2381 82.6 2.9 DBXT MSTHAI 10US$ 2111 51.8 2.0 DBXT MSKorea 10US$ 6260 30.8 0.4 Lyxor China H 10US$ 1574 30.8
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    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -223.2 -0.9 DBXT USDIGInfl 5US$ ***** -61.6 -0.2 IS S&P500 ***** -37.0 -0.2 CityDev 1270 -28.0 -2.2 Jardine C&C 4895 -25.0 -0.5 DBXT MSEurope 10US$ 4891 -23.4 -0.4 Lyxor MS India 10US$ 1434 -16.0 -0.9 OCBC Bk 968 -16.0 -1.6
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      139 9 V y Microbiologist i g' iL a i CROSS' /V Awarded Best in Cross Media Advertising (Si Asian Digital Media Awards ilver) fo Is 2012 www.stjobs.sg m Get Job alerts Via email with fresh updates of choice job matches. RESUME Get headhunted Post your CV let top employers find you
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon URA to review guidelines on private enclosed space
      701 10  -  No development charges now for spaces not part of gross floor area By ONG CHOR HAO THE Urban Redevelopment Authority (URA) has been directed to review and fix guidelines on private roof terraces and private enclosed space on ground floors that allow
      FILE PHOTO  -  701 words
    • Article
      Lock icon Fuel, utility sector most behind in debts
      484 10  -  Services show biggest slowdown in payments in 2012 By ZEINAB YUSUF SAIWALLA FUEL and utility companies took the longest time to settle debts last year, according to 2012 trade payment data released yesterday. Conducted by DP SME Commercial Credit Bureau, the research found
      484 words
    • Article, Illustration
      Lock icon Willie Tan takes over as auditorgeneral from Lim Soo Ping
      429 10  -  By LEE U-WEN SINGAPORE will have a new audi-tor-general in Willie Tan Yoke Meng from next month. Currently the deputy secretary of administration in the Ministry of Defence (Mindef), the 57-year-old will take over from outgoing auditor-gen-eral Lim Soo Ping
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    • SINGAPORE ROUNDUP
      • Article
        Lock icon Prudential Corp Asia appoints new CEO
        86 10 PRUDENTIAL Corporation Asia has named Tomas Urbanec as its new chief executive officer. In 2008, Mr Urbanec joined the firm as the regional director of integrated distribution and customer strategy. He moved to Prudential Singapore in 2009. He has been in the consumer financial
        86 words
      • Article
        Lock icon New member for Council of Presidential Advisers
        96 10 LEE Tzu Yang, chairman of Shell Companies in Singapore, has been appointed as a member of the Council of Presidential Advisers. Mr Lee was sworn in yesterday morning at the Istana and will serve for six years. The council advises the president on
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  • Page 10 Advertisements
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      1886 10 1® [«sAT>3 NOTICES S3I FRASER AND NEAVE, LIMITED (Company Registration No. *****0001R) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING Date Tuesday, 29 January 2013 Place Grand Ballroom, Level 4, Grand Copthorne Waterfront Hotel, 392 Havelock Road, Singapore *****3 NOTICE IS HEREBY GIVEN that the 114th Annual General Meeting of
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  • SME Inc
    • Article, Illustration
      Lock icon Team building is an added Plus
      967 11  -  Add-Plus Electronics cut down overtime costs and made productivity gains by banking on dedicated employees, reports JASLENE PANG JASLENE PANG WHILE the productivity movement has been going on for some time, companies are working hard to make that crucial leap in efficiency. For Add-Plus
      PHOTO: ADD-PLUS ELECTRONICS  -  967 words
    • Article, Illustration
      Lock icon Fostering an analytics culture
      932 12  -  GARY PAN explains what ‘analytics-aspiring’ SMEs must bear in mind to reap the benefits of financial and customer analytics Engage SMU profs GARY PAN Gary Pan is an associa te professor of accounting (education) at Singapore Management University’s School of Accountancy, as well as the school’s
      PHOTO: FILE  -  932 words
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      65 11 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
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      145 11 r A SINGAPORE WSI WORKFORCE SKILLS M QUALIFICATIONS Master the *> Service Game Service excellence is the ultimate power move that delivers the checkmate in a winner-takes-all business landscape. Making service excellence your organisation’s winning proposition will drive profitability and business growth. Benchmarked against international best practices, the Service Excellence
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      85 12 Secure your printers without working security guard hours. We started with legendary HP LaserJet reliability. Then we radically simplified security and fleet management. Plug this printer into your network, and it automatically helps protect data in storage or in transit using robust encryption, authentication, and security management. So you can
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      88 12 Have a pressing question about a business-related issue that your company is facing? Professors from Singapore Management University (SMU) will give expert advice and answers to your queries on a fortnightly basis. Send an e-mail with your query and the subject line, “Engage SMU Profs”, to feldac@sph.com.sg. Include particulars, such
      88 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Developing people and technology
      1586 13  -  Bay Hotel uses technology to enhance efficiency and its staff are offered job flexibility and cross-training, reportsTEH HOTEL SECTOR TEH SHI NING ONE of the key challenges faced by hotel front desk managers such as Bay Hotel Singapore’s Nigel Vsandh, is dealing with the negative feedback
      PHOTO: YEN MENG JIIN  -  1,586 words
    • Article, Illustration
      Lock icon Technology helps raise productivity, improves work environment
      903 13  -  The Rendezvous Grand Hotel finds innovative ways to tackle labour shortage problems By NISHA RAMCHANDANI THE hotel industry may be a peo-ple-centric business at heart, but using technology in the right way can help raise productivity while enhancing the work environment for employees.
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon CIMB and Aviva suitors to be announced this week
      590 14 The buyers will together control 100% of CIMB Aviva Assurance Bhd [KUALA LUMPUR] CIMB Group and UK-based Aviva Plc will finalise the buyers of their 51 per cent and 49 per cent stakes respectively in CIMB Aviva Assurance Bhd before the
      590 words
    • Article, Illustration
      Lock icon Maybank defers Bll stake sale for 5th time
      447 14 It’s waiting out for better price, while BII shares slip [KUALA LUMPUR] MALAYAN Banking Bhd, Malaysia’s largest lender by assets, has pushed back to June the deadline for it to refloat a 20 per cent stake in Bank Internasional Indonesia (BII) on
      PHOTO: FILE  -  447 words
    • Article, Illustration
      Lock icon AirAsia founders to offer US$65m Tune Insurance IPO by end-Feb
      254 14 Reuters [KUALA LUMPUR] The founders of Malaysia’s AirAsia Bhd are expected to launch a US$65 million initial public offering (IPO) of Tune Insurance Bhd by the end of February, two sources close to the deal told Reuters. The flotation would
      Reuters  -  254 words
    • Article
      Lock icon Indonesia palm exports may jump by 9% in ’13
      187 14 Reuters [JAKARTA] Palm oil exports from Indonesia, the world’s biggest producer of the edible oil, may rise by as much as 9 per cent this year, a top industry association official said yesterday, as improving global economic conditions boost demand. Palm
      Reuters  -  187 words
  • Page 14 Advertisements
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      35 14 ALL-NEW! SUBSCRIBE TODAY AND WIN A HOME DECOR HAMPER WORTH $300! WIN $10,000 WORTH OF SPACE MAKEOVERS FROM ABSOLUT OUTDOORS! MORE DETAILS AT www.homeanddecor.com.sg/promotions CLA/AUG06/g CATS Recruit The first door to your world of opportunities
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      40 14 A r 3 an* WIN CONCERT TICKETS TO SWEDISH HOUSE ONE LAST TOUR IA 17 JAN 2013 7:30 PM SINGAPORE INDOOR STADIUM TUNE IN TO HOT FM91.3 OR LOG ON TO WWW.HOTFM.SG FOR MORE DETAILS! iinT Midas Promotions #7A/» www.midaspromotions.com
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      517 14 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NHR NETWORKS SINGAPORE PTE. LTD. (Company Registration Number *****5738Z) (the “Company”) NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that the following resolutions were duly passed as Special Resolutions
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      160 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GATEWAY 2000 ASIA PTE LTD (Co. Reg. No. *****6678D) (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, that the Final Meeting
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      120 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WE DO TECHNOLOGIES SINGAPORE PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****2346R) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held
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  • PRIVATE EDUCATION
    • Article, Illustration
      Lock icon Making S’pore the destination for education
      1189 15  -  Private-education association aims to attract foreigners seeking quality education and relevant work experience, reports LEE U-WEN LEE U-WEN THE chief of a new association representing the private-education sector here says it is timely to have a body that can be a “voice for the
      FILE PHOTO  -  1,189 words
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      61 15 Members of The SIM Crouo KfM Mrs is a culmination of academic rigour and practical perspectives forged through professional development and networking. W d 1V< V. V. Vv 1 M V Ong Boon Hwee Board Member SIM Global Education J ‘t III SIM III SIM III SIM M 'I GLOBAL
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Move to boost yuan business of HK banks
      583 16  -  Firms in Shenzhen’s Qianhai zone can now access renminbi loans directly By JEFF PAO EJ In sight [HONG KONG] With China allowing companies based in Shenzhen’s Qianhai development zone to access renminbi loans directly from Hong Kong banks, Beijing has secured an
      EJ Insight  -  583 words
    • Article, Illustration
      Lock icon Vodafone gets India tax office reminder
      303 16 This refers to disputed dues over its 2007 acquisition of mobile assets Reu ters [MUMBAI] British telecommunications carrier Vodafone Group plc said on Saturday it has received a reminder from Indian tax authorities on disputed tax dues over its 2007 acquisition of Indian mobile
      Reuters; PHOTO: REUTERS  -  303 words
    • Article
      Lock icon Gas at US$8 may lure Reliance to start new felds
      697 16 Bloomberg [NEW DELHI] Reliance Industries Ltd, sitting on untapped natural gas reserves off India’s east coast, will be able to generate profit from new fields if the government agrees to double prices, a person familiar with the matter said. At
      Bloomberg  -  697 words
    • Article
      Lock icon Chinese M&A value up 37% yoy
      352 16 Xinhua [BEIJING] Mergers and acquisitions (M&As) by Chinese enterprises surged 37 per cent year on year in 2012 in terms of their disclosed transaction value, according a report issued by a research and consulting institute. The total value of disclosed M&A transactions involving Chinese
      Xinhua  -  352 words
    • Article
      Lock icon Xinhuanet applies for Shanghai IPO
      300 16 Reuters [SHANGHAI] The online portal of China’s state-run Xinhua news agency has applied for a Shanghai initial public offering, the securities regulator said, in what would be the second listing of a government website in a year. Xinhuanet.com’s planned IPO is likely to attract strong
      Reuters  -  300 words
  • Page 16 Advertisements
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      305 16 FUTURE i i 0 0 n t i ®f a CHINA ADVANCED LEADERS PROGRAMME Up your China-quotient and join us on this experiential journey now! www.futurechina-alp.sg FC_ALP@businesschina.org.sg FAST TRACK TO BUSINESS SUCCESS IN CHINA Jointly conducted by Business China and Nanyang Business School, the Future China Advanced Leaders Programme is
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  • ECONOMY WATCH
    • Article
      Lock icon A big week for euro bond issuance
      669 17 The Netherlands, Austria, Belgium, Germany, Italy and Spain all go to the market Bloomberg [LONDON] Euro nations plan the biggest week of bond issuance in four months, tapping demand from investors betting the worst of the region’s financial crisis is over. The Netherlands
      Bloomberg  -  669 words
    • Article
      Lock icon Top central banks still hold all the cards
      890 17 They will continue to dominate markets’ direction for now Reuters [LONDON] If the opening salvos of 2013 tell investors anything, it’s to keep their eyes fixed on the world’s central banks rather than its more volatile politicians or even spluttering economies. Given
      Reuters  -  890 words
    • Article, Illustration
      Lock icon PM: Tough year for British economy; low rates needed
      652 17 WP [LONDON] Prime Minister David Cameron predicts a difficult year for the British economy that will require maintaining the current mix of low interest rates and budget deficit reduction. “It’s a tough economic environment we’re in,” Mr Cameron said on Sunday
      WP; PHOTO: REUTERS  -  652 words
    • Article
      Lock icon US lawmakers refuse to budge on debt ceiling
      645 17 Global recession likely if US is forced to default on debt AP [WASHINGTON] Congressional leaders showed no signs of giving ground to resolve the next step in the financial crisis, with Democrats still talking about higher taxes on the wealthy and the
      AP  -  645 words
  • Page 17 Advertisements
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      402 17 AUCTION FOR THE SALE OF RIGHTS TO PURCHASE LICENCES FOR THREE TERRITORIES: THE PHILIPPINES MALAYSIA AND VIETNAM TERMS AND CONDITIONS: 1) In accordance with the Auction Rules, the purchased NRG Rights will be made available to you for a period of 6 months following the close of Auction. All capitalised
      402 words
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  • WORLD
    • Article, Illustration
      Lock icon Westpac tops Wells Fargo as most accurate forecaster
      1065 18 Westpac predicted recession in Europe and a continuation of the debt crisis Bloomberg [NEW YORK] Westpac Banking Corp edged out Wells Fargo Co as the most-accurate foreign-ex-change forecaster by predicting recession in Europe and a continuation of the sovereign-debt crisis that weighed
      Bloomberg; PHOTO: BLOOMBERG  -  1,065 words
    • Article, Illustration
      Lock icon New year in Japan brings same old problems to bear for Abe
      716 18  -  By PAULINE CHIOU The writer is a CNN anchor/correspondent and the co-host of ‘World Business Today’ based in Hong Kong. Follow Pauline on Twitter @PaulineCNN. For more business coverage, go to www. cnn. com/business [HONG KONG] Japan starts
      716 words
    • Article
      Lock icon White House mulls broader US gun control: report
      375 18 Reuters [WASHINGTON] The White House is weighing a far broader approach to curbing US gun violence than just reinstating a ban on assault weapons and high-capacity magazines, the Washington Post reported on Sunday. A working group led by Vice President Joseph Biden
      Reuters  -  375 words
    • Article
      Lock icon Record US$262.7b in exchange-traded products
      494 19 Fixed-income and emerging market equity funds seen as safe havens in 2012 Bloomb erg [NEW YORK] Exchange-trad-ed products (ETPs) around the world attracted record deposits of US$262.7 billion last year as investors shifted more money into fixed-income and emerg-ing-market equity funds. Deposits surpassed the previous
      Bloomberg  -  494 words
    • Article
      Lock icon Brokers resign, shifting US$133b around
      681 19 Reuters [NEW YORK] US brokerages saw top advisers depart in droves last year and shift US$132.5 billion in client assets with them, a Reuters tally shows, creating headaches for some Wall Street banks at a time when wealth management is becoming an increasingly important part
      Reuters  -  681 words
    • Article, Illustration
      Lock icon Electronic payments in Vatican City suspended
      300 19 Bloomberg [VATICAN CITY] A suspension of electronic payments in Vatican City is threatening finances in the world’s smallest state as pilgrims and tourists are forced to use cash in museums and shops with yearly sales of more than US$100 million. Credit and debit card
      Bloomberg; PHOTO: AP  -  300 words
    • Article
      Lock icon Google boss begins N Korea visit despite misgivings in US
      439 19 AP [PYONGYANG] Google’s chairman wants a first-hand look at North Korea’s economy and social media during his private visit yesterday to the communist nation, his delegation said, despite misgivings in Washington over the timing of the trip. Eric Schmidt, executive
      AP  -  439 words
    • Article, Illustration
      Lock icon BOA to pay Fannie Mae US$3.6b in mortgage deal
      234 19 Bloomberg [NEWYORK] Bank of America Corp (BOA), the sec-ond-biggest US lender by assets, agreed to pay Fannie Mae US$3.6 billion to resolve home-loan repurchase claims. The lender will also pay US$6.75 billion to repurchase residential mortgages sold to Fannie Mae, Charlotte,
      Bloomberg  -  234 words
    • Article
      Lock icon US restaurant takeover deals whet appetite
      833 20 Krispy Kreme Doughnuts and Jamba could be next on acquisition menu Bloom berg [CHICAGO] Following the biggest surge in takeovers of restaurant and coffee companies since the last recession, Krispy Kreme Doughnuts and Jamba could be next on the menu. Acquisitions of US restaurant,
      Bloomberg  -  833 words
    • Article, Illustration
      Lock icon Warhol beats Picasso as biggest auction seller
      656 20 Bloomberg [LONDON] Andy Warhol has supplanted Chinese ink painter Zhang Daqian as the world’s biggest seller at auction. Works by the US pop artist fetched US$380.3 million in sales in 2012, also beating Pablo Picasso, according to figures compiled by the database Artnet
      Bloomberg; PHOTO: AFP  -  656 words
    • Article
      Lock icon Whitehaven shares hit by hoax email on funding snag
      542 20 Green goup opposes Whitehaven’s NSW mine project Bloom berg [SYDNEY] Whitehaven Coal Ltd, developing the A$766 million (S$989 million) Maules Creek mine, was targeted by a hoax e-mail from a green group campaigning against the project that sent its shares down
      Bloomberg  -  542 words
    • Article
      Lock icon Brazil announces ‘audit’ to curb fears of mad cow disease
      312 20 AFP [BRASILIA] Brazil’s agriculture ministry announced on Sunday a top-to-bottom “audit” of its cattle industry as the world’s top beef exporter tries to stave off a growing crisis over a case of mad cow disease. “We will review all procedures
      AFP  -  312 words
    • Article
      Lock icon Global tech industry uneven as mobile devices surge
      517 22 Tablets continue to be the star while older electronics are struggling AFP [LAS VEGAS] The global tech industry has become a tale of two sectors, with mobile devices surging at the expense of older electronics that are struggling, a forecast showed on
      AFP  -  517 words
    • Article, Illustration
      Lock icon A SOARING HEART
      39 22 [MUMBAI] A large heart-shaped kite being flown here yesterday at the International Kite Festival, held on the lawns of Priyadarshani park. Kite-flyers from various countries participated in the day-long festival in India. PHOTO: AP PHOTO: AP
      PHOTO: AP  -  39 words
    • Article, Illustration
      Lock icon Lenovo to release 27-inch coffee table-sized PC
      408 22 AP [LAS VEGAS] Dismayed that family members are spread out over the house, each with a separate PC or tablet? Lenovo has something it believes will get them back together: a PC the size of a coffee table that works like a gigantic
      AP; PHOTO: AP  -  408 words
    • Article
      Lock icon Online college courses draw users in droves, but not profit – yet
      725 22 Online college courses draw users in droves, but not profit yet Coursera’s launching faster than either Facebook or Twitter NYT [MOUNTAIN VIEW, California] In August, four months after Daphne Koller and Andrew Ng started the online education company Coursera, its free college courses had drawn in a million users, a
      NYT  -  725 words
    • Article
      Lock icon Chinese-made tech parts in US nuke lab raise security fears
      817 22 Reuters [LONDON] A leading US nuclear weapons laboratory recently discovered its computer systems contained some Chinese-made network switches and replaced at least two components because of national security concerns, a document shows. A letter from the Los Alamos National Laboratory
      Reuters  -  817 words
  • Page 18 Advertisements
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      1856 18 COSMOSTEEL HOLDINGS LIMITED Co. Reg. No. *****5540Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of CosmoSteel Holdings Limited (the “Company”) will be held at Jurong Country Club, 9 Science Centre Road, Singapore *****8 on Wednesday, 23 January 2013 at 10.00 a.m. to
      1,856 words
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      1406 19 DESIGN STUDIO FURNITURE MANUFACTURER LTD (Incorporated in the Republic of Singapore) (Company Registration Number *****1553D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of DESIGN STUDIO FURNITURE MANUFACTURER LTD (the “Company”) will be held at No. 8 Sungei Kadut Crescent, Singapore
      1,406 words
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  • Page 20 Advertisements
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      57 20 14KM ROUTE, 9 URBAN OBSTACLES, 1 HELLUVA CHALLENGE EYE TEST SINGAPORE’S ORIGINAL URBAN OBSTACLE RACE IS BACK WITH NEW CHALLENGES AND OBSTACLES! WE THANK YOU FOR YOUR SUPPORT! Registration is now closed due to your enthusiastic support but do come on down and cheer the Urbanathletes on! MORE DETAILS IN
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      21 20 23 58% £6998 7.39% Pledged of £***** Goal 66 Pledgers 199 Days to go July 26 2013 Fund My Freedom gosocial.omy.sg
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  • Page 21 Advertisements
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      119 21 esf* <«. jvC»5 v ret* f|k s^ c# «g K *0** 0 >* Hf X m» fOC 0»*' 0 |H6 C V* s's' s'/' s's' S'/'"' jf0*$ -< f V ,x# s > Jk X *<> <0* i> </* sS H$ \> x eP 1$* V tS* > v rf$P
      119 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Maersk wants HK to ban dirty ship fuel to fight pollution
      916 23 Carriers that don’t switch to lowsulphur fuel get cost advantage, firm says Bloomberg [HONG KONG] Maersk Line, the world’s biggest container-shipping company, threatened to stop using cleaner fuel at Hong Kong port from next year if the government doesn’t
      Bloomberg; PHOTO: BLOOMBERG  -  916 words
    • Article, Illustration
      Lock icon Opening of new Berlin airport further delayed
      408 23 Reuters [BERLIN] The opening of Berlin’s new airport will be delayed again to at least 2014, more than two years later than originally planned after a series of embarrassing setbacks to what was meant to be a flagship project, a source familiar with
      Reuters; PHOTO: APF  -  408 words
    • Article
      Lock icon Air France-KLM may take over Alitalia
      331 23 Reuters [ROME] Franco-Dutch carrier Air France-KLM is in “advanced” talks to take control of Italy’s flagship airline Alitalia by the summer, Rome’s Messaggero newspaper reported on Sunday without citing its sources. Alitalia is owned by CAI, a consortium of investors that bought the then-bank-rupt
      Reuters  -  331 words
    • Article
      Lock icon TRANSPORT STOCKS
      241 23 SGX '000 Jan 7 S$ +/-Vol CH Offshore 0.49 0.01 503 Chuan Hup Hldg 0.27 unch 187 Cosco Corp 0.96 0.01 ***** S$ Ezra Hldgs 1.29 0.06 ***** First Ship Lea Freight Links Grand Banks.............0.39 0.02 97 Jaya Hold Ltd 0.27 K1Ventures 0.16 unch 8693 Keppel Corp 11.13
      241 words
    • Article
      Lock icon CIMC’s relisting in HK could set off new wave
      483 23 Reuters [SHANGHAI] China’s biggest ship container maker has revived its moribund B s h ares ma i n l an d shares priced in foreign currencies by relisting them in Hong Kong, sparking new life in other B-shares that may be
      Reuters  -  483 words
  • Page 23 Advertisements
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      32 23 WnUtl I Lianhe Zaobao I Costing I HK$1m I each I HK developers propose building 300 sq ft units on disused farmland *****¥B95RW S5IB7ctt£ To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      32 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      308 23 CRYPTIC CROSSWORD Across 1 Showing caution about church’s aggressive slogan (3,3) 4 A vessel welcomes test, oddly, but doesn’t behave right (4,2) 8 Doctor looks sulky, accommodating old hippies (8) 10 Bank on road taking odds not often seen (6) 11 Happy clearing finishing early (4) 12 Explosive assertion about
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  • EDITORIAL & OPINION
    • Article
      Lock icon A promising year for Asian aviation
      477 24 EDITORIAL IF anything, 2013 could be a good year for Asian aviation. Demand for air travel continues to grow, regulatory hurdles are coming down (albeit slowly), regional economic growth is intact and new markets are opening up. On the other hand, airlines operating across
      477 words
    • Article, Illustration
      Lock icon Integration is not the key to Europe’s salvation
      829 24  -  THE BOTTOM LINE DANIEL GROS The writer is director of the Centre for European Policy Studies Project Syndicate AT high-level gatherings of the European Union elite, one often hears the following type of statement: “Europe must integrate and centralise economic governance in
      – Project Syndicate  -  829 words
    • Article, Illustration
      Lock icon China-US relationship not a zero-sum game
      1182 24  -  China has made clear its preference to continue with the existing international order By K SHANMUGAM The author is Singapore’s Foreign Minister and Minister for Law. This article is an excerpt from his address to the 2013 Annual Turkish Ambassadors’ Conference in Ankara, Turkey
      PHOTO: AFP  -  1,182 words
    • Article, Illustration
      Lock icon Can world’s water crisis be solved?
      1738 25  -  Combining good policies and management practices with right technologies could eradicate the global water shortages By ASIT BISWAS, JULIAN KIRCHHERR Asit Biswas is the Distinguished Visiting Professor at the Lee Kuan Yew School of Public Policy, Singapore, and founder of the Third World Centre
      PHOTO: REUTERS  -  1,738 words
    • LETTERS TO THE EDITOR
      • Article
        Lock icon Israeli corp governance standards are much higher
        468 25 ON Jan 3, Sarin Technologies made an announcement which was a refreshing change from the doses of negative news during the year just past about the corporate governance of S-chips, business trusts, proposed glamour listings such as F1, and even lauded established companies
        468 words
      • Article
        Lock icon Why not merge F&N with OUE and TCC?
        430 25 THE independent directors of F&N Ltd have come out to say that both the TCC offer led by Thai billionaire Charoen Sirivadhanabhakdi and the OUE offer led by the Indonesia Riady family are fair but not compelling. TCC and OUE have offered
        430 words
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  • Article
    Lock icon SHIPPING TIMES
    1587 26 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 STXPO TBN Camden/New
    1,587 words
  • Page 26 Advertisements
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      38 26 PLACE YOUR AD HERE The Business Times SHippir g times CALL JOE WOT IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
      38 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3180 27 Transaction date: Jan 7 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 Last 6 3 A-Sonic --AAT Day Last Quote Div Gr Yld Net M Cap 158.5 96.5 AIMSAMPIReit Low Company Sale
      3,180 words
    • Article
      Lock icon SGX CATALIST
      239 28 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 4.6 1.3 t Advanced System 1.9 unch 7368 1.9 1.8 1.8 1.9 28.3 Vol Cooo) Day High Last Quote Low Buyer
      239 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10512 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.31/ Aberdeen Asset Mgt Asia Limited 1.07/ Asian Local Ccy SD Bond Asian Local Ccy SD Bond 0.9954/ Global Emerging Markets!** 1 86? 7/ EM local Ccy Bond 0993/ European Opportunities!" 1.090?/ Global Emerging Markets
      10,512 words
    • Article
      Lock icon GLOBALQUOTE
      262 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 43.5 25.5 AVJennings A34.5 unch 35 34.5 34.5 33.5 34.5 3.6 10.1 2.8 89.8 41.5 30 Genting HK US$ US38.5 +2 ***** 39 36.5 38 38.5 2535
      262 words
    • Article
      Lock icon SGX ETF
      960 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.9 +0.4 1 118.9 118.9 118.7 118.9 542.8 133.8 120.4 CIMB APAC Div 100S$D 133.8 133 133.7 106.3 95.8 CIMB
      960 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      626 29 Jan 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.69 *****.69 *****.70 Mar13 *****.00 *****.00 *****.00 *****.00 *****8 *****5 Jun13 *****.00 *****.00 *****.00 *****.00 549 2365 MSCI TAIWAN INDEX FUTURES SPOT 280.33 280.33 276.91 Jan13 279.30 280.10 276.20 277.80 ***** *****1 Feb13 279.00
      626 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Jan 4 Index Change Change Change Change Change Change World Preliminary 963.3 0.6 2.7 0.9 2.9 0.3 2.3 EAFE Preliminary 797.1 1.0 2.9 0.9 2.5 0.3 1.8 Europe Preliminary 1181.8 0.5 3.0
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      95 29 As on 4 January 2013 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1653.90 1626.50 1648.70 INDIA GOLD (E-GOLD) FUT FEB2013 559.85 553.20 556.65 CURRENCY EUR-USD FUT MAR2013 1.3057 1.3011 1.3060 BASE METAL COPPER FUT MAR2013 8152 8097 8141 INDEX IRON ORE (MBIO) IDX
      95 words
    • Article
      Lock icon CHICAGO BOT
      107 29 Jan 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1389.00 1403.00 1414.00 1378.00 Mar 13 1367.25 1386.50 1397.25 1356.00 May 13 1358.50 1378.25 1388.50 1348.00 Jul 13 1355.00 1376.50 1386.50 1345.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 13 49.42
      107 words
    • Article
      Lock icon LIFFE
      80 29 Jan 4 COCOA (£/tonne) Close Prev High/Low Mar 13 1422 1433 1434/1417 May 13 1432 1442 1443/1426 Jul 13 1441 1451 1453/1436 Sep 13 1450 1460 1462/1446 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1997 1995 2001/1974 Mar 13 1948 1945 1954/1915 May 13 1955 1951 1960/1925 Jul 13 1964
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      927 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 16 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 69 36.00 6 Price BiosensoMBeCW*****3 4.3 -0.1 200 0.4 140 5 Biosensors
      927 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Jan 04 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.14 0.26 WTI (Near Mth) 92.99 -1.04 Dubai (1-Mth F) 105.47 -0.6 Tapis blend 117.84 -0.6 Minas 110.42 -1 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.56 -0.19 Jet Kerosene 126.32 -0.47 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon USS/SS FORWARD RATES
      25 29 Jan 7 S$ S$ Bid Offer 1-month 1.2322 1.2324 2-months 1.2322 1.2324 3-months 1.2322 1.2324 6-months 1.2322 1.2324 Source: OCBC Source: OCBC
      25 words
    • Article
      Lock icon LONDON METALS
      67 29 Jan 4 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2027.25 2082.50 3 months 2060.00 2116.00 Copper, Grade A(US$/tonne) Cash 8055.00 8136.50 3 months 8085.00 8164.00 Lead(US$/tonne) Cash 2324.75 2390.00 3 months 2335.50 2400.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 29 Jan 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.035 6.524 0.804 8.118 57.683 101.750 0.919 11.141 3.186 1.262 102.012 42.831 1.291 9.006 0.972 30.379 31.897 0.653 1.047 Canada 0.966 6.306
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    • Article
      Lock icon SIBOR
      68 29 Jan 7 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      135 29 Jan 7 GOLD(US$/oz) Jan 04 Jan 07 Hong Kong 1653.70 1668.80 Jan 03 Jan 04 London 1679.20 1647.23 1679.95 1648.05 Source: Thomson Reuters CAST BAR Jan 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 66 5gm 418 328 10gm 747 656
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 29 Jan 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 11-Apr-13 0.25 6-Month BS*****E 11-Jul-13 0.27 1-Year BY*****X 11-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.86 5-Year N*****0Z 2.375 01-Apr-17 108.53
      90 words
    • Article
      Lock icon PALM OIL
      58 29 Jan 7 Jan KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2360.0 2369.0 2360.0 2328.0 665 4069 Feb 13 2425.0 2425.0 2425.0 2363.0 6629 ***** Mar 13 2466.0 2467.0 2476.0 2416.0 ***** ***** Apr 13 2503.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 29 Jan 7 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2901 1.2910 1.0471 1.0476 Canadian dollar 1.2468 1.2478 1.0126 1.0119 Euro 1.6046 1.6052 1.3023 1.3026 NZ dollar 1.0219 1.0227 0.8294 0.8299 Sterling pound 1.9757 1.9765 1.6035
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Jan 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.317 1.255 Can dollar 1.272 1.212 Euro 1.640 1.562 Sterling pound 2.007 1.930 NZ dollar 1.054 0.995 US dollar 1.251 1.192 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 29 Jan 7 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 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 UK home prices may stay flat this year
      478 30 Market firmed up in Q4 but economic uncertainty may keep demand in check this year, says Halifax report Bloomberg [LONDON] UK house prices rose for a second month in December and will probably remain little changed in 2013 as the uncertain economic
      Bloomberg; PHOTO: BLOOMBERG  -  478 words
    • Article
      Lock icon Manhattan flat listings drop in sign of price rise
      867 30 Bloomberg [NEW YORK] Manhattan’s inventory of homes for sale plunged to the lowest in at least 12 years, a sign that prices may rise in 2013 if buyer demand intensifies. There were 4,749 apartments on the market at the end of
      Bloomberg  -  867 words
    • Article, Illustration
      Lock icon There’s trouble brewing in housing
      866 31  -  The idea of ‘flipping’ property is creeping into the US consumer consciousness again, and that’s not good news By CAROLINE BAUM Bloomberg [NEW YORK] I REMEMBER when I knew for sure that soaring home prices had gone beyond “froth” to attain bubble status. It was
      Bloomberg; PHOTO: BLOOMBERG  -  866 words
    • Article, Illustration
      Lock icon Investors take a shine to US commercial property
      670 32 Turkey also gains sparkle, but China loses some lustre, global survey shows Reuters [NEW YORK] The United States dominates the list of places that global commercial real estate investors would prefer to put their money this year, while China has lost some
      Reuters; PHOTO: REUTERS  -  670 words
    • Article, Illustration
      Lock icon Colliers names 2 senior directors
      319 32  -  By TEO SI JIA COLLIERS International has appointed two new senior directors for client services and office services for its Singapore operations. Calvin Yeo, who has helmed the Singapore office services division since 2001, has been promoted to deputy managing director of client services. In
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    • Article
      Lock icon Japan home prices too low: BoJ exec
      225 32 Bloomberg [SAN FRANCISCO] Bank of Japan deputy governor Kiyohiko Nishimura said property prices in Japan may have fallen too much in the aftermath of a real estate bubble that collapsed in the 1990s. “In the case of Japan, property prices are too low
      Bloomberg  -  225 words
    • Article
      Lock icon Developers racing to sell US$ bonds
      661 32 Bloomberg [HONG KONG] PT Lippo Karawaci Tbk, Sun Hung Kai Properties Ltd and Shimao Property Holdings Ltd are marketing US dollar-de-nominated bonds after the busiest week for US currency sales by Asian real estate companies since September. Lippo Karawaci, Indonesia’s largest publicly traded developer
      Bloomberg  -  661 words
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      Lock icon Mohd Sultan shophouse up for sale
      309 32 A 999-YEAR leasehold conservation shophouse at 15 Mohamed Sultan Road has been put up for sale by its owner with an asking price of $15.5 million. This works out to about $2,259 per square foot based on the property’s existing’s gross floor area (GFA)
      309 words
    • Article, Illustration
      Lock icon CDL’s Echelon more than three-quarters sold
      310 32  -  By ONG CHOR HAO MORE than three-quarters of City Developments Limited’s Echelon private condominium project next to Redhill MRT have been sold since its launch over the weekend. This translates to 390 units out of the 508-unit development at Alexandra View being sold as
      310 words
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      122 31 Trustee’s Sale by Tender Freehold Land Lorong Marzuki, D14 Currently an original single-storey detached house Land area 5,029 sq ft approximately, regular plot Plot ratio 1.4, frontage/width: 18m/25m approximately Located off Sims Avenue East/Jalan Eunos Walking distance to Kembangan MRT station Tender closing 18 January 2013 (Friday), 4.00pm Annalyn Ooi:
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      213 31 KnightFrank.com. sg For Sale By Tender Existing 115 Rooms Hotel D15 Eunos Rd 8 Singapore Post Ctr Paya Lebar Sq (U/C) Sims Ave Paya Lebar MRT Wisma Geylang Serai (U/C) Tg Katong Cplx Geylang Serai Serai Mkt FC GLS Reserve Site Tg Katong Rd Geylang Rd Geylang City Plaza Changi
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      499 31 Prime CBD Conservation Shophouses r* jOBKayHian 39 Circular Road 42/43/44 Boat Quay 52 Boat Quay 3-Storey Attic, 3-Storey Attic, 6-Storey, 3,700 sq ft built-up area 9,236 sq ft built-up area 5,400 sq ft built-up area (approx) (approx) (approx) For further information, please contact: Sergina Ng 9023 2147 CEA Reg No:
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