The Business Times, 14 January 2013

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, January 14, 2013G
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  • 1115 1  -  Too far out, ideas are removed from reality; too pragmatic, potential trends are missed By TEH SHI NING [SINGAPORE] Looking into the future is always tricky just ask the economic forecasters whose ever-chang-ing numbers still missed the mark repeatedly in the uncertain
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,216.50 -8.72 KL COMP 1,682.70 -9.88 NIKKEI 225 10,801.57 +113.46 HANG SENG 23,264.07 -67.02 SET INDEX 1,412.06 -4.60 JAKARTA COMP 4,305.91 -104.11 MANILA COMP 6,051.75 +80.30 SEOUL COMP 1,996.67 -15.27 SHENZHEN B 736.39 -1.12 MUMBAI IND 19,663.64 -120.44 DOW 13,488.43 +53.22 NASDAQ 3,125.64 +23.98 S&P
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    • 20 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 TAIWAN 14.334 TAIWAN 5.036 JAPAN 1.475 KOREA 9,33 BRITAIN Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.225 (US$/S$ per 1.616 1.979 EURO (US$/S$/E) 1.328 1.626 Foreign currency per US$ S$ YEN 89.00 72.70 RM 3.023 2.468 HK$ 7.753 6.329 BAHT 30.27 24.71 RUPIAH 9,655 7,883 RENMINBI 6.214 5.073 INDIAN RUPEE 54.62 44.59 A$ 0.946 0.772 NZ$ 1.188 0.970
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  • 903 1  -  COMMENTARY VIKRAM KHANNA Associate Editor FOR the seventh time in less than four years, the government is trying to tame Singapore’s runaway property market. The measures announced on Friday, which included a 5-7 per cent across-the-board hike in buyer stamp duties, are reckoned
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  • Page 1 Advertisements
    • 137 1 BizIT ‘Gamification’ goes beyond games PAGE 30 VIEWS FROM THE TOP A woman’s right to work PAGE 10 11 DINING OUT Palatable and healthful fare CONSUMER ELECTRONICS Is Sony ready for the marketing war? PAGE 29 PAGE 23 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories,
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  • TOP STORIES
    • 628 2  -  Curbs effective on Saturday includes higher stamp duty, stricter loan limits By MINDY TAN [SINGAPORE] Showflats were quiet yesterday, following a surge of customers last Friday eager to beat the new cooling measures which kicked in on Saturday. The government announced its
      FILE PHOTO  -  628 words
    • 989 2  -  Despite optimism analysts point to slower growth, costs By SHU-CHING JEAN CHEN in Hong Kong AFTER a volatile year, 2013 has brought high hopes for China dominated by two themes proposed by the new leadership: economic reform and urbanisation. The question
      PHOTO: REUTERS  -  989 words
    • 11 2 db X-MACRO Trading Index Fund I4D 03/01/2013 89,93 GBP
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    • 566 2 MTI’s futuresight lies in striking right balance LOOKING into the future is always tricky. For the Futures Group at the Ministry of Trade and Industry however, the trick lies not merely in getting things right but in balancing forward-looking research with practical implications. The need to be able
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    • 330 2 [SINGAPORE] Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam says that Singapore’s productivity level is well below that of most developed countries, at least as far as restaurants go. In a Facebook post last night, he picked up on a point in a Sunday
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    • 702 4  -  He says that sharing his past is the best way for voters to understand him By LEE U-WEN [SINGAPORE] His somewhat rags-to-riches story had many critics claiming that he was merely trying to garner “sympathy votes” at the upcoming Punggol East by-election.
      PHOTO: KWONG KC/LIANHE ZAOBAO  -  702 words
    • 886 4  -  WALL STREET INSIGHT By ROB CURRAN US STOCKS and unemployment levels returned to pre-recession levels last week, and bank reports this week will reveal whether more gains are in store. Investors ploughed US$18 billion into US stock mutual and exchange-trad-ed funds in the
      PHOTO: AFP  -  886 words
    • 697 4  -  Key is focus on niche strengths, not universal banking By SIOW LI SEN [SINGAPORE] ANZ bank’s retail strategy for Asia-Pa-cific centres on connecting clients to Australia, selling credit cards and building up its deposit base. The strategy is not exactly conventional
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  • Page 3 Advertisements
    • 86 3 EMPOWERMENT I WHERE INNOVATION AND CREATIVITY REIGN SUPREME. WHERE THE DEVELOPMENT OF LEADERSHIP ACUMEN, NURTURING OF COMMUNICATION AND PRESENTATION SKILLS, AND HONING OF AQ ARE MORE H I G H LY-P R I Z E D WHERE KIDS DISCOVER THEY NEED TO BE HUNGRIER TO EXCEL IN A GLOBALIZED AND
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  • Page 4 Advertisements
    • 96 4 ALMATY •w Seoul Beijing X Bangkok Kuala Lumpur Hong Kong Ho Chi Minh Kuala Lumpur Almaty 3 times a week Ho Chi Minh Almaty 2 times a week Beijing Almaty ■4“ 5 times a week Bangkok Almaty 7 times a week Seoul Almaty Hong Kong Almaty jjs 2 times a
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    • 11 4 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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  • COMPANY NEWS
    • 1021 5  -  Analysts do not see surprises; oil, gas sector expected to be favoured again By JOYCE HOOI THE Straits Times Index might have ended 2012 on a relatively triumphant note, but fourth-quarter corporate earnings are expected to fizzle more than sizzle. Analysts expect the
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    • 198 5 THE mandatory unconditional cash offer for property developer SingXpress Land closed at 5.30 pm on Friday with offerer Haiyi Holdings receiving valid acceptances amounting to about 6.96 million offer shares representing about 0.0541 per cent of the company. As a result at the close
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    • 182 5 SEMBAWANG Engineers and Constructors yesterday confirmed that its offer to purchase Australian contract mining and construction group Macmahon Holdings’ construction businesses lapsed on Saturday night without acceptance. “As a consequence, Sembawang will not be making any further offers for the construction businesses of Macmahon,” Sembawang
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    • 1772 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited UYING rebounded while selling among directors fell based on filings on the Singapore Exchange from Jan 7 to 11. Buyers outnumbered sellers as 13 companies recorded 32 purchases worth $11.66 million versus
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  • Page 5 Advertisements
    • 290 5 AIA RETIREMENT SAVER SAVINGS Retire only from work nof froiji Ijifp. w V. V- > SMBEbzS M Jlu. -.U m Jl: itsi I a •o’ m r;-i v-i-Jr-. r as aft ;--r>T fcf ft m -0 -7*f i I 6»v V w V u t Enjoy your current lifestyle even
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  • SINGAPORE MARKETS
    • 736 6  -  STOCKS R SIVANITHY Senior Correspondent AT the risk of stating the obvious, market players can expect property stocks to come under severe pressure today following the weekend release of a slew of new measures to rein in runaway prices. Not that these measures
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    • 468 6 CURRENCIES Bloomberg [NEW YORK] The yen slid against the US dollar in its longest weekly losing streak in almost a quarter-century last week, on speculation that Japanese policymakers were preparing measures to stimulate the economy that may debase the currency. The
      Bloomberg  -  468 words
    • 497 6 COM MO DITIES AFP [LONDON] Commodity markets were buoyed last week by upbeat Chinese economic data and the weak dollar, but trimmed gains heading into the weekend as many traders took the opportunity to cash in their gains. Sentiment was boosted by news of
      AFP  -  497 words
    • 1587 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 9.25 17.03 1.62 1.58 Amtek Engineering Ltd 3.00 3.00 5 0.05 8.89 0.60 0.56 ARA Asset Management 1.43 1.43
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    • 4 6 WEEKLY
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    • 73 6 Jan 11 VALUE CLOSE BT OB/OS 1042.00 -101.00 BT CADI -*****.00 -45.00 BT 10-day MA -*****.00 +104.00 FTSE ST Mid Cap 803.68 +0.32 FTSE ST Small Cap 549.98 +0.82 FTSE ST All Share 793.05 -1.73 FTSE ST China Top 228.45 +1.31 FTSE ST China 255.41 +1.24 FTSE
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    • 56 6 VOLUME IPCO Intl 2,863,986,000 YHM 1,553,348,000 MDR 1,442,343,000 Oceanus 925,987,000 Cedar 884,870,000 MDR W*****5 836,516,000 Innopac 507,122,000 GSH Corp 446,668,000 Geo Energy 393,697,000 TT Intl 392,946,000 VALUE($) SingTel 522,555,881 DBS Grp 364,595,376 CapitaLand 289,758,385 Wilmar 262,061,160 UOB 249,322,958 Geo Energy 244,193,430 Noble Grp 223,320,389 Golden Agri 199,723,325
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    • 107 6 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 752.0 4.4 GLD 10US$ ***** 317.2 1.6 DBXT FTVietnam 10US$ 2544 298.8 10.6 DBXT E50 10US$ 4177 293.9 6.1 IS S&P500 ***** 196.0 1.1 DBXT Nifty 10US$ ***** 186.2 1.4 DBXT S&P500 10US$ 2381 82.1 2.9 Lyxor Malaysia 10US$ 999 82.1
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    • 126 6 BY CENTS CLOSE DOWN JMH 6090 -318.4 -4.1 DBXT USDIGInfl 5US$ ***** -241.3 -0.7 DBXT AUD Bonds 5AU$ ***** -224.0 -0.9 JSH 3580 -112.7 -2.5 UOB 1922 -58.0 -2.9 DBXT MSINDO 10us$ 1487 -56.3 -3.0 UOB.ES.1301 1934 -56.0 -2.8 DBXT S&P Short 10US$ 3380 -45.3 -1.1 CityDev 1260 -38.0
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    • 5 6 WEEKLY
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  • Page 7 Advertisements
    • 87 7 TheArtOfD ndulgence iscerningI California Mexico and New Moon Mexican Wild Abalones are specially selected for those who expect the highest standards in quality cuisine. Recognised interna~onally by famous chefs for its deep natural flavour and texture, these rare wild abalones are sourced from the depths of the ocean and me~culously
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  • SINGAPORE NEWS
    • 691 8  -  Latest govt move likened to looping a rope through the bull’s nose ring By MINDY TAN THE bull run that the property market has been on has been an unnatural one. After all, the bull, to take the analogy further, has been fuelled
      PHOTO: ARTHUR LEE  -  691 words
    • 340 8 Payment Ex Rec Pay Ann (cts) date Date date date Asia Pacific Breweries ak 85.000 22-Jan 24-Jan 06-Feb 16-Nov Aspial Corporation ay 0.750 03-Dec 05-Dec 22-Jan 21-Nov BRC Asia an 0.800 14-Mar 18-Mar 26-Mar 11-Jan BRC Asia bh 0.200 14-Mar 18-Mar 26-Mar 11-Jan CapitaMall Trust ch 1.550 27-Nov
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    • 759 8  -  Such moves reinforce their presence in Asia By SAIWALLA ZEINAB YUSUF SAIWALLA WITH the Japanese economy showing no signs of recovery, more Japanese firms are inking alliances with international firms to strengthen their business viability and Singapore companies are fast becoming
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    • 297 8 COMPANY MEETING PLACE DATE TIME Albedo Ltd E The National University of Singapore Society Kent Ridoe Guild House Dalvery Room 9 Rent Ridge 14-Jan 3.00pm Olam Int'l E Ballroom II S III InterContinental Hotel Singapore 80 Middle Road 15-Jan 2.00pm Straits Trading E Straits Ballroom 3 Level 2
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    • 280 8 Jan 11 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a ...5.50 BNP
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  • Page 8 Advertisements
    • 58 8 An urban resort getaway at Shangri-La Hotel Tune in to Kiss92 now for your Girls' Night Out! s Partner; Shangri-La hotel SINGAPORE C kiss92,sg B facebook.com/kiss92fm Q @)kiss92fm DOWNLOAD THE KISS92 MOBILE APR NOW! B KISS92 IS PART OF SPH RADIO NETWORK n Available on the iPhone uamomirro* U App
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1709 9  -  Be financially free earlier with disciplined saving and spending, writesCAI CAI HAOXIANG CENTURIES ago, people started saving their extra money in clay receptacles called pygg jars. These eventually evolved into the modern piggy bank, used to teach children the virtues of saving
      LUDWIG LDC  -  1,709 words
    • 1036 9  -  MONDAY MULTIPLE CAI HAOXIANG Reporter THE question popped up while I was talking about an extreme way to manage money and control one’s expenses. It’s not too difficult to achieve financial independence at a young age, I posited over lunch. All one needs to do is to
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  • Page 9 Advertisements
    • 165 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • VIEWS FROM THE TOP
    • 4293 10 THIS WEEK’S TOPIC From your perspective as an employer, what might dissuade or prevent women from joining/rejoining the workforce, and what can be done to improve the situation? Susie Martin General Manager, South-east Asia and India Servcorp A VERY enlightening report was recently published by
      BT FILE PHOTO  -  4,293 words

  • Page 11 Advertisements
    • 121 11 TRADE THE WORLD'S MOST LIQUID MARKET WITH YOUR LOCAL FOREX SPECIALIST Deal around the clock on a wide range of major, minor and exotic currency pairs. Access tight spreads with EUR/USD and AUD/USD from just 0.8 pips, and unique risk management tools. Plus, FX rebates available for high-volume traders. CFD
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    • 11 11 For the complete list of views from CEOs, go to http://businesstimes.com.sg
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  • MALAYSIA/INDONESIA
    • 617 12 Samin Tan’s e-mail account ‘targeted in a sophisticated attack’, finds report Bloomberg [LONDON] Bumi plc chairman Samin Tan, who financier Nathaniel Rothschild is seeking to depose at a shareholder meeting next month, was the victim of hackers posing as employees of Wikipedia last
      Bloomberg  -  617 words
    • 430 12 Aim is to make Iskandar M’sia a global metropolis [KUALA LUMPUR] Iskandar Investment Bhd is intensifying its investments in Iskandar Malaysia in Johor to make it an international metropolis and to be one of the world’s most livable cities. According to Malaysia’s Business Times, Iskandar
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    • 300 12 Bloomb erg [JAKARTA] Indonesia, the world’s largest palm oil producer, is considering reducing export taxes to boost competition with Malaysia, which set its tariff for the crude variety at zero this month to help clear record stockpiles. “Ideally it should be at
      Bloomberg; PHOTO: REUTERS  -  300 words
    • 1483 12 VOL Jan 11 RM +/-(‘000) VOL Advance Synerg 0.16 unch 412 Adventa Bhd 0.38 -0.02 3351 Ae Multi Hldgs 0.28 0.01 1907 Affin Holdings 3.44 unch 114 Ahmad Zaki Res 0.72 0.01 216 Abric Bhd Alliance Finan 4.41 0.04 5119 Aluminium Co 0.69 unch 33 Amalgamated In 0.31
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    • 265 12 Reuters [KUALA LUMPUR] Hong Leong Financial Group Bhd, a Malaysian lender controlled by the country’s sixth richest man Quek Leng Chan, is expected to try and take its 79 per cent owned investment banking arm Hong Leong Capital Bhd private to streamline its
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  • GREATER CHINA/INDIA
    • 537 13 December sales up 6.9%, driven by an economic rebound that’s gaining speed AP [BEIJING] China’s car sales rose 7.1 per cent in 2012 after growth accelerated in December as an economic recovery began to gain traction, an industry group reported. Sales in
      AP; PHOTO: AP  -  537 words
    • 284 13 Reuters [HONG KONG] China’s jewellery sector is bottoming, and Hong Kong-listed Chow Tai Fook, the world’s biggest jewellery retailer by market value, is set to benefit the most from a rebound due to its vast store network, some analysts say.
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    • 304 13 Bloomberg [MUMBAI] Vijay Mallya, the Indian liquor tycoon seeking cash to revive his Kingfisher Airlines Ltd, is encountering opposition from the country’s stockmarket regulator to his plan to sell control of United Spirits Ltd. The Securities and Exchange Board of India has
      Bloomberg  -  304 words
  • Page 13 Advertisements
    • 116 13 Confidence to invest That’s what commercial lenders can achieve when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world partner with us to manage virtually every kind
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  • ECONOMY WATCH
    • 691 14 Poll projects growth rising to 8% this year as new leaders retool devt model AFP [BEIJING] China’s economy is poised finally to end a long downward trend in 2013, economists polled by AFP say, as the new communist leadership vows to retool the
      AFP; PHOTO: AFP  -  691 words
    • 556 14 Bloomberg [WELLINGTON] China’s economic recovery is a sign that global demand will improve this year, Australian Treasurer Wayne Swan said. “I’m optimistic that 2013 will be a better year for the global economy,” Mr Swan said in his weekly economic note yesterday, before
      Bloomberg  -  556 words
    • 487 14 Top official outlines ways its efforts could backfire Reuters [SOMERSET, New Jersey] The Federal Reserve’s aggressive policy accommodation may be frustrating Americans’ efforts to restore their personal wealth and may actually slow a broader rebound in US consumption, a top official at the US
      Reuters  -  487 words
    • 519 14 Reuters [LONDON] Britain’s economy probably contracted in the last three months of 2012, according to a batch of data and forecasts released on Friday, compounding difficulties for a government struggling to dig itself out of a deep budget deficit. After another sluggish
      Reuters  -  519 words
    • 531 14 Reuters [LONDON] Britain on Friday sought to counter perceptions of discord with the US over the European Union, saying US President Barack Obama had told Prime Minister David Cameron that he supported his drive to renegotiate Britain’s EU membership. Relations between the two
      Reuters  -  531 words
  • Page 14 Advertisements
    • 208 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LILLY SINGAPORE CENTRE FOR DRUG DISCOVERY PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION! (Company Registration No.: *****6862N) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50,
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    • 178 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF STEEL HOUSE PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION! (COMPANYREGISTRATION NO. *****3518Z) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member
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    • 11 14 How would the newest property cooling measures affect the stock market?
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  • Page 15 Advertisements
    • 249 15 The Business Times Now you can read it any way you want. 3* DINING OUT CUSTOMER U-golarian Care SATISFACTION lluil hits all the Service just 01 right spots pact a the equation JP Morgan counts on S-EA to grow rjs ihe Business Time: THE BUSINESS TIMES THE BUSINESS TIMES Smith
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  • WORLD
    • 656 16 They want less bank influence and more regular checks to hinder manipulation Reuters [LONDON] Pan-European bank and financial market regulators have called for a reduction in banks’ influence on how the Euribor benchmark rate is set and more regular checks to ensure
      Reuters; PHOTO: REUTERS  -  656 words
    • 741 16 WP [WASHINGTON] Major US banks have turned to the National Security Agency (NSA) for help protecting their computer systems after a barrage of assaults that have disrupted their websites, according to industry officials. The attacks on the sites, which started about
      WP  -  741 words
    • 357 16 AFP [ATHENS] An attempt to privatise the Hellenic Postbank flopped last Friday without any interest in bidding, a banking source said, adding that the bank would probably have to be broken up. Privatisations are a central component of reforms which Greece has to enact
      AFP; PHOTO: AFP  -  357 words
    • 533 16 Relaxed Basel rules on liquidity buffers widen asset choice IFR [LONDON] Banks may become unexpected marginal buyers of high-grade corporate bonds in 2013 following the announcement of more lenient Basel rules on liquidity buffers last week, which would help drag spreads in the
      IFR  -  533 words
    • 549 17 Temperatures are rising in the state and in northern New South Wales Bloomberg [WELLINGTON] Australian emergency services are turning their attention to northern New South Wales and Queensland states where temperatures are climbing and new bushfires have been ignited by lightning strikes. Fire
      Bloomberg; PHOTO: AFP  -  549 words
    • 647 17 Production is set to fall to its lowest level since 1988 Reuters [STAVANGER, Norway] Oil production in Norway, the world’s eighth-biggest exporter, will fall to a 25-year low in 2013 and an anticipated slow recovery in subsequent years is threatened by rising costs and
      Reuters; PHOTO: BLOOMBERG  -  647 words
    • 621 17 Reuters [LONDON] Niklas Zennstrom, co-founder of Internet phone service Skype, believes the next hot tech business will just as likely spring from Istanbul or Sao Paulo as from Silicon Valley or the coolest districts of London. And he is prepared to fly
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    • 1040 18 Stocks are back in favour with investors after fiscal cliff averted Reuters [NEW YORK] The biggest weekly inflow into US-based equities mutual funds in more than 11 years could be a sign that stocks are coming back into favour for a broad
      Reuters; PHOTO: REUTERS  -  1,040 words
    • 896 18 They sell their IP to avoid litigation costs, countersuits Bloomberg [WASHINGTON] To harry other nations without attacking them, monarchs such as England’s Elizabeth I commissioned ship captains to plunder merchant vessels, creating a type of pirate known as a privateer. The
      Bloomberg  -  896 words
    • 453 18 Reuters [LONDON] Google will be forced to change the way its search results are presented in Europe or face antitrust charges for “diverting traffic” to its own services, The Financial Times reported the European Union’s (EU) antitrust chief as saying. The EU’s
      Reuters  -  453 words
    • 389 18 AFP [BERLIN] The German economy, Europe’s biggest, has begun to feel the effects of the cold winds of recession blowing elsewhere in the region, but any downturn it suffers will prove only temporary, analysts believe. For a long time, Germany managed to remain immune
      AFP  -  389 words
    • 565 19 Creating US$1t in revenue through this method not a viable option, they say Reuters [WASHINGTON] The US Treasury Department said it will not produce platinum coins as a way of generating US$1 trillion in revenue and avoiding a battle in Congress over
      Reuters  -  565 words
    • 828 20 Prime minister also wants BOJ to adopt medium-term inflation target of 2% Bloomberg Reuters [TOKYO] Japanese Prime Minister Shinzo Abe seeks a “bold policy leader” as the next Bank of Japan governor as he aims to end deflation and drive a recovery from
      Bloomberg; Reuters  -  828 words
    • 544 20 Reuters [MILAN] Concerns over the fate of fashion executive Vittorio Missoni and prospects for the economy weighed on the opening of Milan’s menswear shows, where designers used all shades of grey for their austere 2013 autumn/winter collections. The founder of menswear maker Corneliani kicked off
      Reuters; PHOTO: AFP  -  544 words
    • 718 20 AFP [YANGON] As it strives to become Asia’s next economic star, Myanmar has set its sights on overhauling its battered and distrusted banking system, a move which could pave the way for foreign lenders to open branches. Legislation handing independence to the Central Bank of
      AFP  -  718 words
    • 593 20 Reuters [BRUSSELS] Having danced to the credit rating agencies’ tune to no avail, ArcelorMittal, the world’s largest steelmaker, looks likely to ignore the chorus for more debt cuts, reconciled to its “junk” status for now. It should already have done enough to hit a
      Reuters  -  593 words
    • 795 21  -  Both advanced economies and emerging states face the crisis, says IMF By ANTHONY ROWLEY in Tokyo A TIME bomb is beginning to force itself upon the attention of Asian policymakers as its ticking becomes louder and more insistent. It is the threat of
      PHOTO: REUTERS  -  795 words
    • 493 21 Reu ters [SAN FRANCISCO] When video game developer Brenda Brathwaite Romero started her career in the 1980s, she could count the number of female developers in the industry on one hand. Today, many “Women in Games” roundtables she attends are filled to capacity with
      Reuters; PHOTO: REUTERS  -  493 words
    • 500 21 Group will now focus on long overdue restructuring Reuters [DUBAI] Dubai Group, a struggling unit of the ruler of Dubai’s personal investment firm, has settled with banks who brought legal action against it to secure repayment of their share of
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    • 333 21 Reu ters [WASHINGTON] Hopes for overhauling the federal tax system are fading in Washington, but in some state capitals, tax reform experiments some far-reaching are fast taking shape. Across the US South and Midwest, Republicans have consolidated control of state legislatures and governorships, giving
      Reuters  -  333 words
    • 265 21 Reuters [ZURICH] The majority of Swiss voters support a plan to impose some of the tightest limits in the world on “fat cat” pay, a poll published yesterday showed. The poll, conducted by Isopublic for the Son-ntags-Blick newspaper from Thursday
      Reuters  -  265 words
  • Page 16 Advertisements
    • 39 16 Compare latest home loan rates amongst all banks instantly via STProperty.sg A I u y r H m Download the STProperty App for iPhone iPad now! At STProperty, your ideal property isn’t hard to find. f STProperty.SG STPropertySG STPROPERTY.sg
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  • Page 17 Advertisements
    • 1118 17 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices r m AMPLEFIELD LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****0188N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of Amplefield Limited (“the Company”) will be held at Carlton Hotel Singapore, Esplanade Room 1,
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  • Page 18 Advertisements
    • 27 18 JANUARY ISSUE OUT NOW! TORQUE DIGITAL EDITION IS AVAILABLE ON IPAD ANDROID! VISIT WWW.TORQUE.COM.SG FOR MORE INFO 50% OFF 1-YEAR DIGITAL SUBSCRIPTION “LIKE” US ON FACEBOOK www.tinyurl.com/torquemag
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    • 40 18 X 7 3 m WIN CONCERT 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! HOT PM 913 Midas Promotions www.midaspromotions.com
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  • Page 19 Advertisements
    • 1677 19 AT3 NOTICES i Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices PNE PNE MICRON HOLDINGS LTD (Incorporated in the Republic of Singapore) (Company Registration Number: *****5909M) Registered Office; 996 Bendemeer Road #07-06 Singapore *****4 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of PNE Micron Holdings
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    • 2177 19 GOODLAND GROUP LIMITED (Incorporated in the Singapore) (Registration No: *****5522N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Goodland Group Limited (the “Company”) will be held at Seletar Country Club, 101 Seletar Club Road, Seletar Room, Level 2, Singapore *****3 on Tuesday,
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  • Page 21 Advertisements
    • 163 21 m m m 7-% m. 12 MOTORING NEWS m. m Best buys of 2012 It is against this backdrop that 2012's Best Buys compiled jointly by Life! and Torque are picked m m i The Straits Times December 29, 2012 By: Winston Lee D Like 0 S I More b
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  • AVIATION/SHIPPING
    • 613 22 Opening of Berlin’s new main airport now postponed indefinitely AFP [BERLIN] Germany is concerned that its fabled international reputation for efficiency may have taken a blow from a catalogue of delays dogging major projects, especially the new Berlin airport. “It’s bad for our
      AFP; PHOTO: AFP  -  613 words
    • 355 22 Bloomberg [BRUSSELS] European Commission officials have asked Ryanair Holdings to propose further concessions to rescue a bid for Aer Lingus Group Plc, two people familiar with the matter said. EC officials met executives from Dublin-based Ryanair in Brussels last week to discuss
      Bloomberg  -  355 words
    • 712 22 Reuters [HONG KONG] A pick-up in freight rates and world trade could help Maersk Line, the world’s biggest container shipping operator, achieve better results in 2013 despite excess capacity in the industry, its North Asia chief told Reuters. Maersk Line, a unit of Danish group
      Reuters  -  712 words
    • 238 22 SGX '000 Jan 11 S$ +/-Vol CH Offshore 0.51 unch 1264 Chuan Hup Hldg 0.28 -0.01 896 Cosco Corp 1.01 0.03 ***** S$ First Ship Lea 0.17 unch 980 Freight Links 0.07 unch 2835 Grand Banks 0.37 0.01 6 Jaya Hold Ltd 0.69 unch 1123 K1Ventures 0.16 unch
      238 words
    • 361 22 Move is to protect English Channel traffic from gangs Reuters [LONDON] Britain is deploying a back-up ship navigation system in the English Channel, one of the world’s busiest shipping lanes, to tackle the growing risks of disruptions of vessel satellite devices
      Reuters  -  361 words
    • 366 22 Bloomberg [FRANKFURT] Deutsche Lufthansa slipped further behind European market leader Air France-KLM Group after the German company’s disposal of UK carrier BMI led to a dip in annual traffic, the standard measure for ranking airlines. Lufthansa’s passenger traffic the number of customers
      Bloomberg  -  366 words
  • Page 22 Advertisements
    • 84 22 To All Valued Customers JESSELTON SHIPPING (2012) PTE. LTD. This serves to advise all our valued customers that with effect from 1st January 2013, Jesselton Shipping Pte. Ltd. will be restructured under the name of Jesselton Shipping (2012) Pte. Ltd. Henceforth, all accounts receivable and payable before 1 st January
      84 words
  • Page 22 Miscellaneous
    • 337 22 CRYPTIC CROSSWORD Across 1 What chef prepares food on duty? The best! (7) 5 Travelled on horse, by the sound of it, with Member of Parliament holding a route finder? (4,3) 9 Ascetic possessing cold nature (7) 10 Typical ancient city in old African province (7) 11 Bully’s mistake wearing
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  • DINING OUT
    • 947 23  -  Along with healthful offerings for expectant mothers, there’s a very palatable menu for a much wider demographic, says NEW RESTAURANT JAIME EE Hao Yun Lai Restaurant 9 Bras Basah Road #02-01 Rendezvous Gallery Tel: 6333-9846 Open: Monday Sunday, 11am 3pm, 6 11pm AS far
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  • Page 23 Advertisements
    • 201 23 o I I V Wine, Dine Hospitality Highlights V.. <- r p A VY-, 5 V •<• I ft 31 JANUARY 2013 This January, savour freshly-made desserts of your choice at Atrium Lounge. Choose from the irresistible Cherries Jubilee, the tangy Crepes Suzette and Strawberries Flambe. To enhance the experience,
      201 words

  • SINGAPORE STOCKS
    • 3446 24 Week ended: Jan 11 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 6 3 A-Sonic --AAT Week Last Quote Div GrYld Net 11 5.5 AEM High 159.5 97 AIMSAMPIReit 157.5 +2.5 2287
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    • 314 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Low Company Last 4.6 1.3 t Advanced System 1.8 -0.1 ***** 1.9 1.7 1.8 1.9 26.8 Vol ('000) Week Last Quote Div Gr Yld
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    • 118 25 Stock name Close Change CapMallsAsia 2.140 -0.020 CapitaLand 3.890 -0.050 CapitaMall 2.130 -0.030 CityDev 12.60 -0.040 ComfortDelGro 1.855 -0.025 DBS Grp 14.70 -0.130 F&N 9.730 +0.040 GLP 2.740 Genting SP 1.460 -0.015 Golden Agri 0.640 -0.020 Stock name Close Change HK Land 7.500 +0.110 IHH Healthcare
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    • 2027 25 Transaction date: Jan 11 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores 21.80 -0.20 0 Angang Steel 6.10 -0.27 ***** Anhui Conch Anhuiexpresswa 4.60 -0.03 384 Asia Satellite 25.00 -0.20 439 Asm Pacific -0.20 Bank Of E Asia 30.95 unch 1469 Beida Jade Bir 6.10 Beijing
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    • 264 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 43.5 25.5 AVJennings A34 -0.5 39 34.5 34 32.5 36 3.6 10.3 2.7 88.5 41.5 30 Genting HK US$ US39 +2.5 ***** 41 36.5 38.5 39 2568
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    • 186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 3 3 0 0 0 13 3 3 Manufacturing 124 55 27 15 12 10 139 67 37 Commerce 44 24 13 8 8 2 52 32 15 Tpt/Stor/Comms 39 4 2
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    • 1093 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.5 unch 17 119.5 118 118 118.5 540.9 133.8 120.4 CIMB APAC Div 100S$D 133 -0.8 13 133 133 132.4
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    • 123 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 156,668 156,668 360,789 360,789 Manufacturing 4,237,345 2,192,296 6,429,641 1,536,384 29,137 1,565,521 Commerce 3,626,204 246,397 3,872,601 889,525 13,618 903,143 Tpt/Stor/Comms 1,112,446 82,791 1,195,237 1,369,147 25,371 1,394,518 Finance 686,937 2,782 689,719 974,483 1,166 975,649 Construction 3,947,476 1,558,083
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  • Page 25 Advertisements
    • 26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 632 26 Jan 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.14 *****.43 *****.06 Mar13 *****.00 *****.00 *****.00 *****.00 *****2 *****9 Jun13 *****.00 *****.00 *****.00 *****.00 245 2749 MSCI TAIWAN INDEX FUTURES SPOT 281.61 281.85 279.76 Jan13 280.60 281.90 279.00 279.70 ***** *****2 Feb13 280.30
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    • 373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jan 11 Index Change Change Change Change Change Change World Preliminary 967.8 0.0 3.2 0.3 3.4 0.1 3.1 EAFE Preliminary 801.4 0.4 3.5 0.7 3.5 0.5 3.2 Europe Preliminary 1187.1 0.3 3.5
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    • 96 26 As on 11 January 2013 www.smx.com.sg www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1676.60 1653.30 1659.00 INDIA GOLD (E-GOLD) FUT FEB2013 564.95 558.35 559.80 CURRENCY EUR-USD FUT MAR2013 1.3284 1.3256 1.3355 BASE METAL COPPER FUT MAR2013 8145 8117 8059 INDEX IRON ORE (MBIO)
      96 words
    • 107 26 Jan 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1424.75 1417.50 1425.00 1402.00 Mar 13 1373.25 1379.75 1381.75 1351.50 May 13 1364.00 1371.50 1372.50 1344.00 Jul 13 1357.50 1367.25 1368.00 1339.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 13 48.88
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    • 70 26 CRUDE OIL PRODUCTS Jan 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.72 0.79 WTI (Near Mth) 93.78 0.66 Dubai (1-Mth F) 108.15 1.27 Tapis blend 119.78 1.24 Minas 115.68 1.24 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.33 -0.06 Jet Kerosene 128.71 0.59 US$/barrel OpecOil Basket
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    • 25 26 Jan 11 S$ S$ Bid Offer 1-month 1.2248 1.2251 2-months 1.2248 1.2251 3-months 1.2248 1.2251 6-months 1.2247 1.2251 Source: OCBC Source: OCBC
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    • 65 26 Jan 11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2063.10 2080.00 3 months 2097.50 2113.50 Copper, Grade A(US$/tonne) Cash 8017.00 8084.50 3 months 8045.00 8115.00 Lead(US$/tonne) Cash 2293.25 2321.50 3 months 2307.00 2333.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.25 *****.50 3 months
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    • 79 26 Jan 11 COCOA (£/tonne) Close Prev High/Low Mar 13 1438 1442 1448/1429 May 13 1445 1451 1455/1440 Jul 13 1453 1459 1462/1448 Sep 13 1461 1467 1470/1456 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1994 1968 1992/1971 Mar 13 1944 1918 1944/1918 May 13 1953 1928 1953/1929 Jul 13 1961
      79 words
    • 994 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 16 Conv BakerTech W*****5 Exer Best World Intl Ltd W*****5 Prem Disc BiosensoMBeCW*****3 4.1 -0.3 560 0.4 140 5 Biosensors Int'l Group.ES.1301 123.5
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    • 470 26 Jan 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.040 6.571 0.796 8.197 57.747 102.087 0.941 11.152 3.196 1.256 102.859 42.944 1.295 9.166 0.968 30.611 32.006 0.654 1.057 Canada 0.961 6.317
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    • 66 26 Jan 11 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • 135 26 Jan 11 GOLD(US$/oz) Jan 10 Jan 11 Hong Kong 1671.00 1683.00 Jan 10 Jan 11 London 1676.01 1659.50 1676.94 1660.30 Source: Thomson Reuters CAST BAR Jan 11 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 148 66 5gm 420 329 10gm 750 658
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    • 89 26 Jan 11 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 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-14 101.87 101.91 101.91 5-Year N*****0Z 2.375
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    • 57 26 Jan 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2251.0 2275.0 2265.0 2251.0 70 2694 Feb 13 2326.0 2339.0 2334.0 2298.0 1386 ***** Mar 13 2376.0 2387.0 2377.0 2332.0 ***** ***** Apr 13 2411.0 2419.0
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    • 154 26 Jan 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2948 1.2954 1.0572 1.0575 Canadian dollar 1.2447 1.2456 1.0168 1.0164 Euro 1.6258 1.6266 1.3275 1.3278 NZ dollar 1.0307 1.0315 0.8416 0.8420 Sterling pound 1.9784 1.9792 1.6154 1.6157
      154 words
    • 121 26 As at 9am Jan 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.262 Can dollar 1.273 1.213 Euro 1.661 1.582 Sterling pound 2.013 1.936 NZ dollar 1.066 1.006 US dollar 1.247 1.188 Local dollars to 100 units of foreign
      121 words
    • 157 26 Jan 11 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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
      157 words

  • 2849 27 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
    2,849 words
  • Page 27 Advertisements
    • 53 27 p M th find Can y y«=» th rv Sh Xi PP' 9 TO ADVERTISE, CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE. CALL JOE WONG AT 9620 1327 The Business
      53 words
    • 18 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words

  • Page 28 Advertisements
    • 148 28 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT
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    • 16 28 TO ADVERTISE IN .The Business Times I I IU UUJII'JUJJ IIIVIUJ Shipping Times CALL JOE WONG
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  • Page 29 Advertisements
    • 71 29 Ait MflM McJ is kiss fl o GREAT MUSIC RELATIONSHIPS FASHION FOOD HEALTH a WELLNESS PSYCHOLOGICAL INSIGHTS ST MADDY, JASON ARNOLD IN THE MORNING WEEKDAYS 6:00AM- 10:00AM LOOKING GOOD MONEY MOVIE REVIEWS kiss All the great songs in one place kiss92.sg 13 facebook.com/kiss92fm @kiss92fm KISS92 IS PART OF SPH RADIO
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 788 30  -  Companies can harness it for many other uses, reportsVICTORIA reportsVICTORIA HO THE term “gamification” has been bandied about recently as companies attempt to use game principles and mechanics to design their processes. Literally, it refers to the idea of making interaction similar to that used in
      788 words
    • 351 30  -  By VICTORIA HO THE larger screens and faster chips in newer smartphones are accelerating their data consumption way ahead of older phone models, an Arieso survey has found. Michael Flanagan, chief technology officer with the network data intelligence firm, told BizIT that phones
      351 words
    • 328 30 [SINGAPORE] Singapore Sports Hub has appointed German ICT vendor and Deutsche Telekom’s corporate customer arm, T-Sys-tems, as a strategic partner to build, manage and operate its ICT (information and communications technology) infrastructure. The $94 million contract is over a period of
      328 words
    • 962 30  -  <you say> By ANAND MEHTA The writer leads the Asia-Pacific retail vertical solutions business at Motorola Solutions GIVEN the nature of seasonally driven promotional campaigns and new product launches, retail has always been a dynamic industry. Technology served initially to support infrastructure for businesses
      962 words
    • 671 30 NYT [PALO ALTO, California] Driving around a college campus can be treacherous. Bikes and scooters zip out of nowhere, distracted students wander into traffic, and stopped cars and speed bumps suddenly appear. It takes a vigilant driver to avoid
      NYT  -  671 words
    • 998 29  -  <we say> VICTORIA HO Reporter THE annual Consumer Electronics Show (CES) in Vegas is usually known as a late Christmas gift to the tech industry. Gadget makers tend to wait for CES to unveil big products or upcoming flagship models for the year,
      PHOTO: AFP  -  998 words
    • 248 29 Bloomb erg [SAN FRANCISCO] Person-al-computer shipments declined 3.2 per cent in 2012, dragged down by lacklustre demand in the holiday season as vendors, consumers and distributors focused on smartphones and tablets, researcher IDC said. Worldwide PC unit sales dropped 6.4 per cent in the
      Bloomberg  -  248 words
    • 209 29 Bloomberg [NEW YORK] Apple has hired Xerox chief financial officer Luca Maestri as its corporate controller, a sign that the iPhone and iPad maker may be considering a succession plan for its own CFO. Xerox, a provider of printers and business services, has
      Bloomberg  -  209 words
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