The Business Times, 18 January 2013

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Total Pages: 40
1 40 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Spi A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, January 18, 2013
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  • 700 1  -  As projects roll in, construction sector is hiring more foreign labour than before as productivity lags By MINDY TAN [SINGAPORE] The construction industry needs more foreign workers than ever, even as the government tries to reduce the sector’s reliance on external labour.
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,195.10 (-13.40) HST INDEX FUTURES 3,195.00 (-13.00) HSIMSCI 361.49 (-1.08) HSIMSCI FUTURES 361.70 (-0.20) US$ S$ US$ (S$ per US$) 1.224 (US$/S$ per 1.600 1.959 EURO (US$/S$/€) 1.330 1.628 Foreign currency per US$ S$ YEN 88.70 72.40 RM 3.019 2.466 HK$ 7.753 6.333 BAHT 29.78 24.33 RUPIAH
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    • 48 1 Thursday Change KL COMP 1,681.09 -1.86 NIKKEI 225 10,609.64 +9.20 HANG SENG 23,339.76 -17.23 SET INDEX 1,420.95 +4.81 JAKARTA COMP 4,398.38 -12.58 MANILA COMP 6,072.18 +24.66 SEOUL COMP 1,974.27 -3.18 SHENZHEN B 754.46 -4.06 MUMBAI IND 19,964.03 +146.40 10.30am EST Change DOW 13,575.70 +64.47 NASDAQ 3,134.73 +17.19
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    • 22 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14,029 KOREA 5.036 JAPAN 1.475 KOREA 9.33 INDIA 0.50 Bloomberg Source: Bloomberg
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  • 751 1  -  Move to cushion impact of ABSD could hint at shape of things to come By ZEINAB YUSUF SAIWALLA [SINGAPORE] The average price for units at Q Bay Residences the first private condominium launch for 2013 has dipped 7 per cent in response
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  • 48 1 [JAKARTA] Indonesian President Susilo Bambang Yudhoyono and Foreign Minister Marty Natalegawa (in jacket) inspecting the flooded palace in Jakarta yesterday. Flooding caused by monsoon rains has forced thousands of people to flee their homes in Indonesia's capital. AP. Full report, Page 11 AP
    AP  -  48 words
  • Page 1 Advertisements
    • 151 1 RAIL NETWORK 2 more MRT lines to be built by 2030 PAGE 4 DREAMLINER US grounding B787s over battery fire risk PAGE 29 EXEC LIFESTYLE Shrinking the distance between music and fans PAGE 40 8 *****1 *****4 BT's CATS property feature is now available to BTO subscribers. To subscribe to
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  • TOP STORIES
    • 556 2 Builders more hooked than ever on foreign workers THE construction industry needs more foreign workers than ever, even as the government tries to reduce the sector’s reliance on external labour. Strong construction demand has left contractors caught between wanting to ride on that demand and measures aimed at
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    • 898 2  -  NODX numbers are expected to weigh on industrial production figures By CHUANG PECK MING [SINGAPORE] Singapore’s non-oil domestic exports (NODX) tumbled the most in 14 months in December as manufacturers shipped fewer electronics and pharmaceuticals, reigniting fears of a technical recession. Last month’s
      Source: IE S’pore  -  898 words
    • 655 4  -  Doubling of network will place 80% of homes within 10min walk of a station By SAMUEL EE [SINGAPORE] Two new rail lines will be built and three existing lines extended to improve the coverage of Singapore’s rail network. The rail network will be doubled
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    • 357 4  -  Vietnam and South Korea are also out of the picture By VEN SREENIVASAN [SINGAPORE] After years of trying, and failing, Tony Fernandes appears to have given up on setting up AirAsia Singapore. The entrepreneur who started Asia’s largest lowcost airline almost a
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    • 554 4  -  But some products may be too complex for direct selling By CAI HAOXIANG [SINGAPORE] Recommended changes to make the financial advisory industry more competitive have garnered the support of industry players. However, they express concerns over how some products such as whole life insurance
      554 words
    • 762 4  -  By-election would be a ‘barometer’ of govt’s performance By LEE U-WEN [SINGAPORE] The outcome of the Punggol East by-elec-tion on Jan 26 will be a gauge of the Workers’ Party’s (WP) overall performance since the last general election (GE) two years
      PHOTO: DESMOND LIM/THE STRAITS TIMES  -  762 words
    • 526 4  -  But many, especially in construction sector, complain of rising costs By MINDY TAN [SINGAPORE] Most construction firms are moaning about rising labour costs. Some have put their gripes aside and hit the road to productivity. Design-and-build firm Euro Builder and Electrical is firmly
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  • Page 2 Advertisements
    • 227 2 Building Resilience Recalibrate Reflect Building Resilience is the theme for 2013 as Singapore businesses continue to face challenges from several fronts: uncertain global economic conditions, tightened controls on foreign workers, greater push for more corporate governance oversight and greater scrutiny of corporate behaviour and practices. M&A activity is also expected
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    • 98 2 Geox Respira are trademarks of Geox Spa INNOVATIVE TECHNOLOGY FOR A BETTER WAY OF WALKING IN ANY TYPE OF WEATHER. THE PERFORATED RUBBER SOLES WITH MEMBRANES IN MICROPOROUS MATERIAL ALLOW A NATURAL REGULATION OF BODY TEMPERATURE AND PREVENT WATER FROM ENTERING. TO ALWAYS FEEL AT EASE, AT EVERY TIME, IN
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  • Page 3 Advertisements
    • 395 3 WATERFRONTLIVING FMS$84psf* SPECIAL FOREIGNERS PACKAGE LIMITED UNITS ONLY! Sales Gallery Opens Daily 10am 7pm *5%Early Bird Rebates Additional Incentive RM50,000 New Year Incentive RM10,000 MOT Stamp Duty SPA Legal Fee 2 Years Service ChargeAfter Vacant Possession r Interest Absobtion By Developer No Instalment During Construction *Terms Conditions Applies Artist’s Impression
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  • COMPANY NEWS
    • 341 5  -  The 12.6b yen deal is triggered by GLP J-Reit’s exercise of purchase options By ONG CHOR HAO GLOBAL Logistic Properties (GLP) will sell three more properties, for 12.6 billion yen (S$173 million), to its Tokyo Stock Ex-change-listed real estate investment trust GLP
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    • 524 5 Bloomb erg [SINGAPORE] Shares of SC Global Developments Ltd, Singapore’s luxury developer, fell yesterday after chief executive officer Simon Cheong raised his stake to 90.36 per cent, enabling him to delist the company. The shares dropped 0.3 per cent
      Bloomberg; PHOTO: BLOOMBERG  -  524 words
    • 670 5  -  HOCK LOCK SIEW By MINDY TAN EVEN as the dust settles on SC Global chairman and chief executive Simon Cheong’s bid to privatise the company, there are questions surrounding Wheelock Properties’ surprise acceptance of his offer. Wheelock’s disposal of its entire 17.9 per cent shareholding in
      670 words
    • 359 5  -  Turnover up 7.7%, mainly due to new properties acquired By CARINE LEE MAPLETREE Logistics Trust (MLT) posted distribution per unit (DPU) of 1.72 cents for the fiscal third quarter ended Dec 31, 2012, up 1.2 per cent from 1.70 cents a
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    • 376 7  -  Expansion contract worth US$200m clinched with Abu Dhabi By JASMINE NG SEMBCORP Industries, through Emirates Sembcorp Water Power Company (ESC), has sealed a US$200 million deal with Abu Dhabi to expand its seawater desalination capacity in the United Arab Emirates. ESC, in which Sembcorp has
      376 words
    • 356 7  -  By LYNN KAN SHIP line stocks have experienced a mini-rally since late December, aided by good macroeconomic data, but signs are that the sector is not yet out of the woods. Neptune Orient Lines, which owns container line APL, for instance,
      Source: Bloomberg  -  356 words
    • 298 7  -  By VEN SREENIVASAN ICP Ltd, formerly the electronic component subcontractor Goldtron, has emerged with new shareholders, fresh capital and a new business focused on the offshore and marine (O&M) sector. The company, which is getting on board expertise from Chuan Hup and
      298 words
    • 279 7  -  By LYNN KAN A SERIES of cruise ships are lining up to enter the drydocks at Sembawang Shipyard, the repair and upgrading yard of main-board-listed Sembcorp Marine. The yard will generate $60 million from four projects it completed in January and the upcoming refit, refurbishment
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    • 401 8  -  Fine of close to $1m possible based on extrapolation from past cases By VICTORIA HO A FINE of close to $1 million could be on the horizon for M1 for the 48-hour outage that started on Tuesday based on extrapolation from past fines
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    • 281 8  -  By ANGELA TENG CAPITALAND Group’s wholly owned serviced residence business unit, Ascott Ltd, has entered into a strategic alliance with Yuexiu Property Company Ltd to propel its expansion in China. Under the agreement, Hong Kong-listed Yuexiu Property will leverage on its footprint and
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    • 556 8  -  None is optimistic on bonds or cash in Q1 ‘13: survey By LEE MEIXIAN GLOBAL fund managers are increasingly bullish on equities, separate fund managers’ surveys by HSBC and Bank of America (BofA) Merrill Lynch show. According to HSBC’s survey, signs of improving US
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    • COMPANY BRIEFS
      • 67 8 Reuters [SINGAPORE] Temasek Holdings is not interested in investing in Dell Inc as part of a consortium led by private equity firm Silver Lake Partners, a source with knowledge of the matter said. “It’s not happening,” the source told Reuters yesterday. A second source
        Reuters  -  67 words
      • 87 8 OVERSEAS Union Enterprise (OUE), which has made a general offer for Fraser and Neave, has been given a one-month extension by the Singapore Exchange (SGX) to hold an EGM to ratify the transaction. SGX had earlier agreed that instead of getting
        87 words
      • 33 8 HEINEKEN has extended the closing date of its offer for Asia Pacific Breweries to Jan 31, and will exercise its right of compulsory acquisition on Feb 18.
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      • 56 8 SABANA Shari’ah Compliant Industrial Real Estate Investment Trust posted a distribution per unit (DPU) of 2.41 cents for the fourth quarter ended Dec 31, 2012 11.1 per cent higher year on year. This came on the back of a 19.1 per cent increase in
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  • SINGAPORE MARKETS
    • 577 6  -  Investors mark time, waiting for US direction; most property counters firm for 2nd day running STOCKS R SIVANITHY Senior Correspondent THE local market continued marking time yesterday, waiting for guidance from overseas markets in particular the United States and its upcoming spending and debt ceiling
      Source: Bloomberg  -  577 words
    • 73 6 Jan 17 VALUE CLOSE BT OB/OS 254.00 -62.00 BT CADI -*****.00 -19.00 BT 10-day MA -*****.00 +25.00 FTSE ST Mid Cap 791.72 +1.77 FTSE ST Small Cap 544.99 -0.72 FTSE ST All Share 786.51 -2.29 FTSE ST China Top 223.44 -1.21 FTSE ST China 254.15 -1.24 FTSE
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 11 0 0 0 0 5 11 0 Manufacturing 49 61 35 9 7 13 58 68 48 Commerce 17 23 27 5 4 2 22 27 29 Tpt/Stor/Comms 13 22 10
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,776 15,776 56,108 56,108 Manufacturing 668,680 548,612 1,217,292 320,174 5,599 325,773 Commerce 453,424 61,224 514,648 150,297 2,882 153,179 Tpt/Stor/Comms 136,297 12,981 149,278 194,758 4,077 198,835 Finance 453,384 563 453,947 281,604 236 281,840 Construction 510,781 81,024
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    • 924 6  -  Compiled by CAI HAOXIANG Raffles Medical Group Jan 17 close: S$2.89 OCBC INVESTMENT RESEARCH, Jan 17 RAFFLES Medical Group (RMG) is seeking to expand its capacity with a 42,668 sq ft specialist centre at 30 Bideford Road. However, we believe that there is still uncertainty over the possible
      Source: Bloomberg  -  924 words
    • 112 6 Stock name Close Change CapMallsAsia 2.180 +0.010 CapitaLand 3.860 +0.060 CapitaMall 2.170 +0.020 CityDev 11.55 +0.060 ComfortDelGro 1.845 -0.040 DBS Grp 14.35 -0.010 F&N 9.500 -0.160 GLP 2.720 Genting SP 1.440 -0.005 Golden Agri 0.620 -0.020 HK Land 7.590 +0.040 IHH Healthcare 1.405 +0.005 JMH 61.03
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    • 499 6 CURRENCIES Reuters [SINGAPORE] The possibility that Thailand will keep getting capital inflows powered its currency to a 17-month high yesterday, although the baht shed most of its gains on warnings from officials and intervention. Most regional currencies, like the baht, strengthened and then
      Reuters; PHOTO: BLOOMBERG  -  499 words
    • 53 6 VOLUME MDR 635,083,000 Innopac 427,964,000 IPCO Intl 392,679,000 ICP 348,111,000 MDR W*****5 268,264,000 Informatics 173,021,000 Golden Agri 149,638,000 Oceanus 148,515,000 Contel 124,614,000 GMG Global 113,507,000 VALUE($) Golden Agri 93,365,900 Innopac 75,102,624 UOB 70,098,200 Wilmar 68,269,930 DBS Grp 64,545,316 SingTel 63,701,310 CapitaLand 60,396,010 F&N 58,622,050 OCBC Bk 48,929,870
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    • 111 6 BY CENTS CLOSE UP DBXT MSINDO 10us$ 1627 140.7 7.6 DBXT FTChina25 10US$ 3088 121.2 3.3 Jardine C&C 4869 38.0 0.8 GLD 10US$ ***** 35.5 0.2 Hyflux 6% CPS 10 ***** 20.0 0.2 Spore Land 735 14.0 1.9 IS MS India 100US$ 654 12.2 1.6 Keppel Corp 1119 11.0
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    • 117 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 6127 -140.7 -1.8 DBXT E50 10US$ 4232 -118.7 -2.2 JMH 6103 -107.7 -1.4 DBXT MSJAP 10US$ 3773 -63.6 -1.4 DBXT FTVietnam 10US$ 2520 -45.3 -1.4 STXPO 100 627 -21.0 -3.2 JSH 3633 -20.8 -0.5 F&N 950 -16.0 -1.7 OCBC Bk 957 -16.0
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 327 7 Allianz Europe Equity Growth ir Strike at Every Opportunity 1 S "5 V 4? i a L\ Award-winning with remarkable track record A high conviction portfolio built upon a disciplined investment process Attractive valuations of European Equities Allianz (Hj) Global Investors +65 6438 0828 www.allianzgi.sg Understand. Act. This material is
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  • Page 8 Advertisements
    • 578 8 Placement of 42,075,000 Placement Shares comprising 31,875,000 New Shares and 10,200,000 Vendor Shares at S$0.23 for each Placement Share, payable in full on application The Board of Directors of Logistics Holdings Limited (the “Company”) is pleased to announce that, as at the close of theApplication List at 12.00 noon on
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  • GLOBAL MEGATRENDS CONFERENCE 2013
    • 1039 9  -  Conference highlights emerging market consumption, construction and lifestyle. Reports by CAI HAOXIANG and KENNETH LIM CAI HAOXIANG KENNETH LIM A COMPREHENSIVE look at major, long-term global forces suggests that emerging market consumption, construction and lifestyle are among the top investment “themes” for now, Credit Suisse
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    • 427 9 Take a progressive view of embracing technology to get ahead, says futurist INTELLECTUAL capital will overtake commodity capital as a source of wealth in the future, and those who fail to recognise this will fall by the wayside of history, futurist
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    • 729 9 US more welcome in Asia amid stronger China: George Yeo WHILE China continues to be a major force in the world, it is not yet ready to displace the United States atop the global power rankings, experts said yesterday at the Credit
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  • Page 9 Advertisements
    • 81 9 Millions of people enter the middle class each year. Credit Suisse knows what’s on their plates. The world's appetite is growing for food, resources and goods. At Credit Suisse Private Banking, we’re experts at seeing the big trends and interpreting their impact on your wealth. Our award-winning services support you
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  • SINGAPORE NEWS
    • 465 10  -  Its Budget wishlist also seeks tax tweaks to help build an inclusive society By TEH SHI NING ERNST Young Solutions’ tax partners have joined a growing chorus of voices asking for the Productivity and Innovation Credit (PIC) to be liberalised further so
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    • 507 10  -  By MALMINDERJIT SINGH PROFESSIONAL services firm Deloitte announced yesterday that it has established its presence in Asia’s new economic frontier Myanmar, joining other Big 4 accounting and audit firms already there. Deloitte has set up an Independent Correspondent Firm (ICF) there through
      507 words
    • 397 10  -  Facility brings total sector investment value to $2.4 billion By LYNN KAN SINGAPORE has landed itself its first pharmaceutical company investment of 2013 with California-based Amgen agreeing to sink in US$200 million to start a manufacturing plant in Tuas Biomedical Park. Amgen
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    • 210 10  -  By TEO SI JIA CONSULTATION sessions by the Inland Revenue Authority of Singapore (IRAS) to help small and medium enterprises (SMEs) better understand the Productivity and Innovation Credit (PIC) scheme are back due to growing demand. The third in the series,
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  • Page 10 Advertisements
    • 253 10 TOPICS SPEAKERS STPROPERTY SEMINAR mb PROPERTY INVESTMENT STRATEGY FOR YEAR OF THE SNAKE n V <1 tv i 1 L i a STProperty.sg SEARCH NOW With the government's latest cooling measures, the Eurozone crisis, the US fiscal cliff and the low global interest rate; how will this affect YOU and
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  • MALAYSIA/INDONESIA
    • 494 11 AFP [JAKARTA] Waist-deep floods brought the Indonesian capital Jakarta to a standstill yesterday, with roads impassable, thousands of homes under water, and the president forced to roll up his trousers at the palace. The muddy waters paralysed the city, which is home to 20
      AFP; PHOTO: REUTERS  -  494 words
    • 479 11  -  It also forecast real GDP growth for 2012 to hit 5.1% By S JAYASANKARAN in Kuala Lumpur MALAYSIA should register 5.6 per cent economic growth this year on the back of improving global economic conditions, according to a Malaysian economic think
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    • 483 11  -  RAVup 12.4% to RM121.6b; NWA jumps 24.3% to RM87b By PAULINE NG in Kuala Lumpur MALAYSIA’S state investment agency Khazanah Nasional appears to have reaped from the country’s standing as one of the top markets for new initial public offerings (IPOs) last year. Its
      483 words
  • Page 11 Advertisements
    • 113 11 A PARKROYAL COLLECTION HOTEL Discover our refreshing new hotel in a garden Standing tall between Hong Lim Park, Chinatown and Singapore's Central Business District, the new PARKROYAL on Pickering, a PARKROYAL Collection hotel, features abundant natural light, lush sky gardens and cascading vertical greenery. From the Orchid Club's lounge and
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  • GREATER CHINA/INDIA
    • 641 12 Trust loans rose 679% to 264 billion yuan in December from a year earlier Bloomberg [TAIPEI] A seven-fold jump in last month’s lending by China’s trust companies is setting off alarm bells for regulators to guard against the risk of
      Bloomberg  -  641 words
    • 484 12 Reuters [SHANGHAI] China is planning a record-breaking expansion of social financing this year which will make forecasting monetary policy more difficult, even as Beijing adopts lower growth targets for traditional money supply. Total social financing (TSF), a homegrown indicator designed to measure
      Reuters; REUTERS FILE PHOTO  -  484 words
    • 408 12 Bloomberg [NEW DELHI] Sugar output in India, the biggest producer after Brazil, is set to decline in the year from October as domestic prices fall on cheaper imports and dry weather curbs planting, the Indian Sugar Mills Association said yesterday. Production will probably slide
      Bloomberg  -  408 words
  • Page 12 Advertisements
    • 469 12 SHOPPING FOR A PROPERTY NEAR A MALL? Home > Properties Near Shopping Mall For Sale Properties near Shopping Malls For Sale Near Shopping Mall For Room Renta 112KATONG SCAPE AMK HUB 313@SOMERSET ASIA SQUARE TOWER ONE ANCHORPOINT SHOPPING CENTRE BEDOK POINT BUGIS CUBE (OPENING MID 2013) BUGIS+ CATHAY CINELEISURE ORCHARD
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  • ECONOMY WATCH
    • 957 13 Low interest rates are overheating assets from junk bonds to farmlands Bloomberg [WASHINGTON] Federal Reserve officials are voicing increased concern that record low interest rates are overheating markets for assets from farmland to junk bonds, which could heighten risks when they
      Bloomberg; PHOTO: REUTERS  -  957 words
    • 538 13 Analysts expect one more rate cut after Dec jobless rate rises to 5.4% Reuters [SYDNEY] Australian employment fell unexpectedly in December, nudging the jobless rate up to 5.4 per cent and pushing the local dollar down as the market narrowed the odds of further
      Reuters  -  538 words
    • 589 13 German economy ministry says the sooner the better Reuters [BERLIN] Germany’s economy ministry has urged the European Central Bank to get back to its price stability mandate as soon as possible after its extraordinary support measures to tackle the eurozone’s troubles.
      Reuters; PHOTO: REUTERS  -  589 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 1337 14 ADVERTISEMENT TEDA: 28 Years at the Top China's irresistible rise has been powered by development zones such as the Tianjin Economic-Technological Development Area (TEDA), which at 28 years of age has blazed a trail for the rest of the country to follow and continues to pioneer new economic growth. TEDA
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  • WORLD
    • 772 16 BNP: PM’s returning to a strategy that had failed to end Japan’s stagnation Bloomberg [TOKYO] Japan’s 10.3 trillion yen (S$162 billion) fiscal stimulus may add less than a quarter of the jobs the government predicts, casting doubt on Prime Minister Shinzo Abe engineering
      Bloomberg; PHOTO: AP  -  772 words
    • 350 16 Reuters [BANGKOK] Thailand’s finance minister said yesterday that exporters could suffer if the baht was stronger than 30 per dollar, where it has traded in recent days, and the central bank said that it was seeing signs of short-term speculative inflows. The
      Reuters  -  350 words
    • 397 17 12.1% rise signals residential property is boosting US economic expansion LATEST US DATA Bloomberg [WASHINGTON] Builders broke ground on more houses than forecast last month, capping the best year for the industry since 2008, another sign residential property is boosting the US economic
      Bloomberg  -  397 words
    • 510 17 AP [WASHINGTON] President Barack Obama urged a reluctant Congress to ban both military-style assault weapons and high-capacity ammunition magazines and require background checks for all gun sales in an emotion-laden plea to curb gun violence in America, though he acknowledged he’s in
      AP; PHOTO: AP  -  510 words
    • BRIEFING
      • 135 17 Bloomberg [NEW YORK] Bank of America yesterday reported profit dropped 63 per cent as costs mounted from faulty foreclosures and flawed home loans made as long as a decade ago. Net income dropped in the fourth quarter to US$732 million, or 3
        Bloomberg  -  135 words
      • 122 17 AFP [MADRID] Spain’s borrowing costs tumbled as it tapped the debt market yesterday, further easing pressure on the recession-hit nation after it resisted seeking a sovereign bailout in 2012. The Treasury raised 4.505 billion euros (S$7.35 billion) in medium and long-term
        AFP  -  122 words
      • 104 17 AFP [YANGON] Myanmar opened up a major portion of its onshore oil blocks for bids yesterday, a move likely to see a surge in interest from Western firms after the removal of sanctions against the once-pariah state. A notice published in the state-run English-language
        AFP  -  104 words
    • 44 17 [HARBIN] A robot serving guests in a robot-themed restaurant in Harbin, north-east China's Heilongjiang province on Wednesday. Twenty robots perform a variety of chores, from ushering in guests to waiting tables and cooking dishes at the restaurant.PHOTO: AFP PHOTO: AFP
      PHOTO: AFP  -  44 words
    • 442 17 Bloomberg [WASHINGTON] Tom Donohue, the president of the US Chamber of Commerce, last week said that higher taxes and a “flood of new regulations” will damage an already sub-par economy. “In many ways, we’re going backwards,” he said. Such complaints, echoed by
      Bloomberg  -  442 words
    • 541 17 They often quit because of endless hours in the office Reuters [LONDON] Giant corporations will have to consign the alpha male office culture to the paper shredder if they want to hang on to today’s high-flying 20- and 30-somethings, particularly women. The
      Reuters  -  541 words
    • 657 19 Stocks surge most in 10 months as bank’s return on equity for year rises to 10.7% Bloomberg [NEW YORK] Goldman Sachs, the securities firm that set a Wall Street compensation record in 2007, is now demonstrating how little it can pay. The
      Bloomberg  -  657 words
    • 630 19 NYT [NEW YORK] Shortly after the markets closed on Tuesday afternoon, an emissary from JPMorgan Chase’s board of directors walked two flights down to the 48th-floor corner office of the bank’s chief executive, Jamie Dimon, to deliver a stark message. The
      NYT  -  630 words
    • 455 19 Re uters [LONDON] Rio Tinto sacked chief executive Tom Albanese yesterday and revealed a US$14 billion write-down in connection with his two most significant acquisitions, Mozambican coal and the Alcan aluminium group. A mining heavyweight who joined Rio two decades ago, Mr
      Reuters; PHOTO: BLOOMBERG  -  455 words
    • 597 21 Policymaker questions if ECB is ready to meet its latest target date Reuters [LJUBLJANA] It could take longer than currently planned to enforce a mechanism to provide a single supervisor of euro banks, a European Central Bank (ECB) policymaker told Reuters on Wednesday.
      Reuters  -  597 words
    • 409 21 Bloomberg [NEW YORK] It pays to be single that is, when it comes to high-earners’ tax bills. US taxpayers with income of more than US$200,000 a year will see federal tax rates rise this year on wages and investments. Tax increases will
      Bloomberg; PHOTO: AFP  -  409 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 116 17 Buyer's Premium: 12 18 MODERN AND CONTEMPORARY ASIAN ART EVENING SALE AUCTION SINGAPORE I THURSDAY 24 JAN 2013, 7:30 PM Chu Teh-Chun {Eternal} ••r t 1 i* S y •< X y Walasse Ting iSpring Time TttH «#»> Li Shan «Rouge Series Goose Lee Man Fong {(Father Love} $oj «sss»
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  • Page 18 Advertisements
    • 1291 18 MANDATORY CONDITIONAL OFFER by Standard Chartered Bank for and on behalf of The Straits Trading Company Limited (Incorporated in Singapore) (Company Registration No.: *****0008D) to acquire all of the issued ordinary stock units in the capital of WBL CORPORATION LIMITED (Incorporated in Singapore) (Company Registration No.: *****0028Z) other than those
      1,291 words
    • 1575 18 depending on when the settlement date in respect of the Offer Stock Units tendered in acceptance by Stockholders pursuant to the Offer falls, as follows: (a) if such settlement date falls on or before the books closure date for the determination of entitlements to the Distribution (the “Books Closure Date”),
      1,575 words
    • 1583 18 4.3 Convertible Bonds Offer Price. The offer price for each principal amount of the Convertible Bonds (the “Convertible Bonds Offer Price”) tendered in acceptance of the Convertible Bonds Offer will, in accordance with Note 1(a) to Rule 19 of the Code, be the “seethrough” price and, at the option of
      1,583 words
    • 1764 18 9. THE OFFEROR’S INTENTIONS FOR THE COMPANY The Offeror, currently, intends for the Company to continue its existing business activities and has no plans to (i) introduce any major changes to the business of the Company or its subsidiaries (collectively, the “Group” and, each, a “Group Company”), (ii) redeploy the
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  • Page 19 Advertisements
    • 1334 19 12. DISCLOSURE OF HOLDINGS AND DEALINGS 12.1 Holdings and Dealings in Company Securities 12.1.1 Holdings and Dealings. Part 1 of the Appendix to this Announcement sets out: (i) the number of Company Securities (as defined below) owned, controlled or agreed to be acquired as at the date of this Announcement
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    • 748 19 Issued by Standard Chartered Bank For and on behalf of The Straits Trading Company Limited 16 January 2013 Any inquiries relating to this Announcement, the Offer or the Convertible Bonds Offer should be directed during office hours to the following: Praveen D’souza Managing Director, Southeast Asia M&A Tel: +65 6596
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  • Page 20 Advertisements
    • 226 20 The Business Times Subscription rewards Get all these exclusive gifts when you subscribe to the new Business Times All-in-One. 3 d Specially Designed Leather Case that can hold 2 Bottles of Wine V 1 »i H 'in JjVilS $100 Far East Hospitality Hotel Staycation Voucher j $50 Kitchen Language Dining
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  • Page 21 Advertisements
    • 8 21 Success Stories from Entrepreneurs Who Made it Happen
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    • 1820 21 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ELITE MECHANICAL ENGINEERING SERVICES PTE LTD Co Reg No. *****5777R (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of ELITE MECHANICAL ENGINEERING SERVICES PTE LTD,
      1,820 words

  • EDITORIAL & OPINION
    • 493 22 EDITORIAL IN a Jan 10 Investment Strategy report, Bank of Ameri-ca-Merrill Lynch chief investment strategist Michael Hartnett declared that he is so bearish that he’s bullish. “As in recent years, we believe a bearish macro backdrop is more likely to cause higher, rather than lower,
      493 words
    • 742 22  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT turns out that being American is bad for your health, relatively speaking. Anyone interested in healthcare ought to digest the findings of a new report from the US National Research Council and
      The Washington Post Writers Group  -  742 words
    • 1049 22  -  It should revisit existing tax regulations for intellectual property to remain competitive By CHIA SENG CHYE, ANDRE TOH Chia Seng Chye is a partner corporate international tax, and Andre Toh is a partner transaction advisory services at Ernst Young Solutions LLP. The views
      PHOTO: REUTERS  -  1,049 words
    • 1314 23  -  Increased emphasis on corporate governance reinforces its standing as a secure business and financial hub By CHAN SZE YEE PERRINE OH Chan Sze Yee is head of research and Perrine Oh is research manager, Institute of Certified Public Accountants of Singapore HIGH standards of corporate governance play
      ST FILE PHOTO  -  1,314 words
    • 728 23  -  ANTHONY ROWLEY Tokyo Correspondent AS JAPAN’S Fukushima nuclear plant melted down in March 2011, I had a rather bizarre conversation with Asian Development Bank (ADB) president Haruhiko Kuroda concerning supply chains. Bizarre because we talked in a deserted Tokyo as people fled the capital for
      PHOTO: AFP  -  728 words
    • 171 23 LETTER TO THE EDITOR I REFER to the long drawn out double-barrelled bids to take over Fraser Neave Ltd which is in no need of any white knight, especially after its cash hoard had been boosted by the sale of its
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  • PROPERTY
    • 589 24  -  It must embrace advanced construction tech and systems By MINDY TAN [SINGAPORE] In a rallying call to the construction industry, National Development Minister Khaw Boon Wan said that it needs a “quantum leap” in productivity, not just “incremental improvements”. This can be achieved
      PHOTO: LEND LEASE  -  589 words
    • 644 24 Buyers compete for dwindling number of properties for sale Bloomberg [NEW YORK] Home prices in Brooklyn, New York’s most populous borough, had the biggest gain in six years as buyers competed for a dwindling number of properties for sale. The median
      Bloomberg  -  644 words
    • 1182 26  -  Policymakers face resurfacing worries about the sustainability of investment in real estate, report KEVIN YAO and XIAOYI SHAO reportKEVIN reportKEVIN YAOandXIAOYI SHAO Reuters Business is booming in Beijing’s real estate offices good news for property agents such as Zhang Huanhuan, but a headache
      Reuters; PHOTO: REUTERS  -  1,182 words
    • 557 28  -  NY Reit’s US$260m offer similar to products associated with ’07 crisis, reportsADAM TEMPKIN reportsADAM reportsADAM TEMPKIN Reu ters New york -based Arbor Realty Trust came to market Wednesday with 2013’s first commercial real estate CDO, a risky derivatives product closely associated with
      Reuters  -  557 words
    • 775 28 An owner turns his NY apartment open and light-filled NYT [NEW YORK] As anyone who has ever been disappointed by the New York housing market knows, the experience can be something like a bad date: drawn in by the promise of a handsome exterior, you
      NYT; PHOTO: NYT  -  775 words
  • Page 24 Advertisements
    • 153 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WATS D04 HOUSE FOR SALE 188@SENTOSA! Terrace Yacht Berthing. Large patio garden. 2 Car lots, 5-Bdrm, Build up 4168sqft. Only $1,880 Psf. Call 9380 8280. www.188SentosaCove.com D05 HOUSE FOR SALE WEST COAST Large semi-detached. 99 years. 5+1+1 rooms. 2 cars underground parking.
      153 words
    • 96 24 D10 HOUSE FOR SALE BUKITTIMAH Hilltop Good Class Bungalow 27,500 sqft. Ideal for rebuild with basement. Jeffrey Sim 9815 8318 DTZ D10 HOUSE FOR SALE GOOD CLASS BUNGALOW Freehold. Approx 17K 32K sqft. Near future MRT. Wide frontage. Best investment! Rare opportunity! Act fast! D10 HOUSE FOR SALE GOOD CLASS
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    • 98 24 D11 21 HOUSE FOR SALE BINJAI VICINITY Semi-D near Binjai Vicinity Sunday Open House 1pm-6pm By Appt. $6.XX. Krystal DTZ 8222 2420 D11 21 HOUSE FOR SALE BUKIT TIMAH ECG Dynamic Alliance GCB Bukit Timah Square Land, *****sqft, Serene, Cosy, Green, Amenities, MRT. Call 9766 7772 Timothy Huang D11 21
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    • 87 24 D11 21 HOUSE FOR SALE NOVENA Near Novena MRT. Freehold 2-storey with pool. 7 ensuites, ***** sqft. Redevelopment potential. Capital gain!!! Constance Choo 9788 5588 D11 21 HOUSE FOR SALE SEMI-DETACHED Binjai vicinity, 2-storey. Land 3755 sqft, open house Sunday 1-6pm. $6.98m neg. View by appt. D11 21 HOUSE FOR
      87 words
    • 97 24 D15 HOUSE FOR SALE SEMI-DETACHED 2800 sqft Semi-D. Huge Lap pool, 5+1, Balcony. Walk to park, Dunbar area. Call RealStar 6100 8000 D15 HOUSE FOR SALE VILLAS SIGLAP VVIPs Only! Siglap Top-end Villas Project. Freehold Cosmopolitan. Potential Capital Appreciation! Don’t Miss Call 8500 0781 Cherlyn D16 HOUSE FOR SALE KEW
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  • Page 25 Advertisements
    • 272 25 D16 HOUSE FOR SALE SEMI-DETACHED A View like no other! Elevated Lucky Heights area, 3600 sqft 5+1, High Ceilings, Lap pool, Roof terr. Call RealStar 6100 8000 D16 HOUSE FOR SALE SENNETT AVENUE 2½ Storey Semi-D. 3937 sqft. 5 bedrms. Big garden. Charming. Elevated. View by appointment James 9488 2180
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    • 221 25 D28 HOUSE FOR SALE JALAN TARI PAYONG ECG DYNAMIC ALLIANCE: 1) Jalan Tari Payong. 1850 sqft. 3.5 storey, 6 rooms. Tenanted 2) Jalan Tari Piring 1810 sqft. 3.5 sty. 7 rooms. D28 HOUSE FOR SALE SELETAR ESTATE Modern 2.5-storey Corner Terrace Seletar Estate Neram Rd 2890 4300 sqft. 5+1 rooms
      221 words
    • 210 25 D04 APARTMENT FOR SALE THE BERTH BY THE COVE Duplex 3057 sqft. Face water bay. 4 rm Pte lift. Roof top jacuzzi. Yammay Tan 9772 4514 D04 APARTMENT FOR SALE FLORENCE NG 9060 6215 Service You Trust THE OCEANFRONT 3+1 bdrm 1711 sqft. Spacious layout. Sea/ Marina view. Minutes to
      210 words
    • 225 25 D10 APARTMENT FOR SALE CUSCADEN RESIDENCES Cuscaden Residences. Luxurious 2+1. Freehold. 1238 sqft. High floor. Nice view. Call Chris Cheong 9007 2722, DTZ www.chrisproperty.sg D10 APARTMENT FOR SALE D’LEEDON Attractive Discount! District 10 Best Buy! 3bdrms 1453 sqft $1.9xM+/4bdrms 1981 sqft $2.7xM+/ GardenHouse fr. $9xxpsf/ Penthses Villas avail! D10 APARTMENT
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    • 235 25 D10 APARTMENT FOR SALE ROBIN SUITES Robin Suites, asking fr $1.1M onwards. Mins to MRT. Near to ACS, Raffles Girls Sch SCGS. Kensy 9784 2707 (Savills) D10 APARTMENT FOR SALE THE TRIZON Luxurious Last 3 bdrm unit by developer. FH fr $1600psf. View by appt. 9630 6303 Chris D11 21
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  • Page 26 Advertisements
    • 532 26 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements wat-3^. D15 APARTMENT FOR SALE ONE AMBER 3-rm. F.H. 1302 s.f $1.92M neg. Greenery. Quiet. Tenanted $4.5K till May’13 Co-broke welcome. D15 APARTMENT FOR SALE ST PATRICK’S RESIDENCES 2 rooms up Penthouse, Freehold! attractive price for D15 location! From $12XX. Please Call
      532 words
    • 120 26 D11 21 HOUSE FOR RENT WHITLEY ROAD 2½-storey Semi-D. 3600 4000 sqft. 5+1. Cul-de-sac Above deck pool. $10K. Bernard 9850 0222 D15 HOUSE FOR RENT 61 GOODMAN ROAD Prime. Bunglw Newly rebuilt. 4500/ 7300 sqft 6+1+ pool 2-sty attic basement. $25K. Also for sale. Owner 9863 5635 9727 2996 D15
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  • Page 27 Advertisements
    • 230 27 D01 APARTMENT FOR RENT MARINA BAY RESIDENCES Marina Bay Residences. 636 sf. 3+1. Very high flr. Beautiful bay view. Nice unit. Newly renovated. Avail Immediate. $10.8K. Grace 9638 8733 D01 APARTMENT FOR RENT THE SAIL The best view for 2-bedroom The Sail! Very high floor. Full facilities. Luxury living! View
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    • 232 27 D11 21 APARTMENT FOR RENT TRILIGHT 3 bedrooms. 2099 sqft. Nice view. Near Novena MRT/ Mall. Lawrence Chua 9336 9247 D12 APARTMENT FOR RENT RIVERINE BY THE PARK 3-rms 1206 sqft. F/furn (all brand new) High flr. River view Kallang MRT mins to CBD. Immediate D12 APARTMENT FOR RENT TREVISTA
      232 words
    • 267 27 D01 SHOP FOR SALE SOUTH BRIDGE ROAD 2 adjoining shophse 999 yrs 2/3 sty attic land 2875 sf Interior exterior good cond. 9007 2722 Chris Cheong. www.chrisproperty.sg D01 SHOP SPACE FOR SALE EON SHENTON $1.5M EON Shenton. #01. Facing busy Shenton Way. Corner, double frontage. Suits alfresco cafe. Call 9640
      267 words
    • 236 27 D13 OFFICE FOR SALE PREMIX B1 Office Storage Light Industry. Freehold. For any enquiries please call: 8500 0781 Cherlyn SV D14 FACTORY FOR SALE OXLEY BIZHUB 1 B1 light industrial 1292sf. 6m high ceiling. 60 amps /3 phase. Serious seller. Anne 9061 3080 D15 SHOP FOR SALE JOO CHIAT 2.5-Sty
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    • 271 27 D19 FACTORY FOR SALE SERANGOON NORTH S9 Serangoon North Ave 4. Preview Launch Discount. Up to 10%, Ramp Up and Flatted, Register NOW Call Gary Lim 9001 1208 D19 OFFICE FOR SALE NEW INDUSTRIAL ROAD Paya Lebar Central Locale Hippiest B1 Office Storage Light Industry. Last Freehold B1 plots Yet
      271 words

  • Page 28 Advertisements
    • 490 28 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements FOREIGN PROPERTY FOR SALE VILLA NONGSA 5-Star Montigo, 7600 sf. Alternative to Sentosa Cove! Grand Villa, pte pool/ beach. 30 min S’pore. Club Med-style facilities. Maurice 9639 3445 KF TANGLIN SHOPPING CENTRE r400sqft $2.8K per month rExcellent location, opposite lift and escalator
      490 words
    • 127 28 BRAND NEW Bungalows/ I Semi-Ds I Terraces Agents We come Call/SMS Email to Owner 98 635 635 *****2996 Luxurious waterfront residences for lease within walking distance to VivoCity and 5 minutes drive to Centre Business District Fully furnished 2 &3 bedroom apartment suites and 4 bedroom penthouse Kitchen equipped with
      127 words

  • AVIATION/SHIPPING
    • 413 29  -  Customers can now book travel on most parts of combined network By VEN SREENIVASAN [SINGAPORE] Qantas and Emirates have welcomed the Australian Competition and Consumer Commission’s (ACCC) decision to grant interim authorisation for their proposed partnership. The partnership, announced last year and expected to kick-off
      PHOTO: AFP  -  413 words
    • 540 29 Bloomberg [LONDON] Heathrow defended its status as Europe’s busiest airport in 2012, when growth rates at major hubs slowed amid the debt crisis and booming cities such as Istanbul challenged more established centres like Madrid. P a r i s s Ch ar
      Bloomberg  -  540 words
    • 238 29 SGX '000 Jan 17 S$ +/-Vol CH Offshore 0.50 -0.01 431 Chuan Hup Hldg 0.27 0.01 203 Cosco Corp 0.98 -0.01 ***** CWT Ltd Vol First Ship Lea 0.50 Freight Links 0.07 unch 7412 Grand Banks 0.39 0.01 10 Jaya Hold Ltd 0.69 0.02 3570 K1Ventures 0.16 unch
      238 words
    • 548 29 Reuters [LONDON] International naval patrols off Somalia and armed private guards on board ships have driven pirate attacks to a five-year low in 2012, but the risk to shipping off west Africa is growing. Somali piracy in the busy shipping lanes of
      Reuters  -  548 words
    • 705 29  -  Boeing pledges full support to FAA and finding answers fast By VEN SREENIVASAN [SINGAPORE] The world’s most technologically advanced plane may be called the Dreamliner, but it is turning out to be one very huge nightmare for American planemaker Boeing. The US Federal
      PHOTO: AFP  -  705 words
  • Page 29 Advertisements
    • 48 29 JAN ISSUE OUT NOW! INTHISISSUE M E,0HI)H 4FHE84* 48H0,8+ M (IG2F(+ EJFG0 M >B@< IG *04J .;5 5&; E!CL59KL%?7 +C1K9 H@@BB 6!3;5KK5& J;C=7;5 /K95& /%5& C > -;C97 :9%L5 73A7?9%:5%KLD While stocks last HWM digital edition is available on iPad Android Visit www.hardwaremag.com for more info 50% off1-yeardigital edition
      48 words
    • 40 29 tablat THE HEARTBEAT OF THE INDIAN COMMUNITY THE SALWAR URNEY L staple The Indian outfit is now a global wardrobe One month after rape, is Delhi safer for women? GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      40 words

  • 2819 30 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
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  • Page 30 Advertisements
    • 39 30 Sll/p maintenance Can they find your services Here in the Shipping Times? 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?
      39 words
    • 18 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 31 Advertisements
    • 149 31 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 I FREIGHT FORWARDER urgently needed by shippers 1 Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE
      149 words
    • 11 31 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG
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  • SINGAPORE STOCKS
    • 3005 32 Transaction date: Jan 17 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last AAT Day Last Quote Div Gr Yld 11 5.6 AEM M Cap 159.5 98.5 AIMSAMPIReit 157.5 unch 963 158
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    • 191 33 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 1.7 unch 2890 1.7 1.7 1.7 1.8 25.3 Vol Cooo) Day High Last Quote Low Buyer
      191 words
    • 10572 33 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ Aberdeen Asset Mgt Asia Limited 1.12/ Asian Local Ccy SD Bond Asian Local Ccy SD Bond 0.9979/ Global Emerging Markets!** 1 8846/ China Opportunities 2 8941/ EM Local Ccy Bond .0 9961/ European Opportunities!"
      10,572 words
    • 262 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 43.5 25.5 AVJennings A34 -0.5 25 34 34 33 34.5 3.6 10.3 2.7 88.5 41.5 30 Genting HK US$ US38 -1 ***** 39 38 38 38.5 2502.1
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    • 888 33 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 134.1 120.4 CIMB APAC Div 100S$D 134.1 132.9 133.9 109 95.8 CIMB APAC Div 100US$ US109 108.7 109.6 11.4
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  • FINANCE & COMMODITIES
    • 629 34 Jan 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.94 *****.85 *****.97 Mar13 *****.00 *****.00 *****.00 *****.00 *****6 *****1 Jun13 *****.00 *****.00 *****.00 *****.00 67 2711 MSCI TAIWAN INDEX FUTURES SPOT 276.03 278.82 273.02 Jan13 275.40 279.00 272.30 273.70 ***** *****4 Feb13 275.50
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    • 373 34 In local curr In S$ In US$ dy yr dy yr dy yr Jan 16 Index Change Change Change Change Change Change World Preliminary 968.4 -0.2 3.2 -0.4 3.2 -0.3 3.0 EAFE Preliminary 800.1 -0.3 3.3 -0.7 2.9 -0.6 2.7 Europe Preliminary 1187.7 0.1 3.5
      373 words
    • 95 34 As on 16 January 2013 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1684.50 1673.30 1683.10 INDIA GOLD (E-GOLD) FUT FEB2013 563.35 560.95 563.15 CURRENCY EUR-USD FUT MAR2013 1.3314 1.3278 1.3292 BASE METAL COPPER FUT MAR2013 8020 7960 7950 INDEX IRON ORE (MBIO) IDX
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    • 107 34 Jan 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1436.50 1413.50 1439.00 1412.25 May 13 1421.25 1399.75 1423.75 1398.75 Jul 13 1412.75 1392.75 1414.75 1391.75 Aug 13 1386.00 1365.25 1386.75 136.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 51.31
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    • 70 34 CRUDE OIL PRODUCTS Jan 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.04 -0.62 WTI (Near Mth) 94.23 0.75 Dubai (1-Mth F) 105.86 -1.21 Tapis blend 116.14 -1.30 Minas 112.74 -1.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.56 -2.27 Jet Kerosene 127.1 -1.13 US$/barrel OpecOil Basket
      70 words
    • 30 34 Jan 17 S$ St «K mt»J monWi i 2B3 1 224’ 2 montt'i Ui» 1 224) 1 Jtii 1 224/ 6-mont)IS i ua 1 2241 Source: OCBC
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    • 67 34 Jan 16 Jan 16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2007.25 2014.75 3 months 2045.00 2052.00 Copper, Grade A(US$/tonne) Cash 7916.00 7963.25 3 months 7946.00 7994.00 Lead(US$/tonne) Cash 2253.75 2279.50 3 months 2266.00 2292.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • 80 34 Jan 16 COCOA (£/tonne) Close Prev High/Low Mar 13 1455 1455 1459/1448 May 13 1457 1458 1465/1451 Jul 13 1464 1465 1467/1458 Sep 13 1471 1472 1474/1465 COFFEE(US$/tonne) Close Prev High/Low Jan 13 2004 1998 2008/2006 Mar 13 1969 1953 1972/1940 May 13 1980 1964 1983/1950 Jul 13 1989
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    • 861 34 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 AlliedTech W*****2 Ratio Exer Best World Intl Ltd W*****5 Prem Disc BiosensoMBeCW*****3 3.4 0.2 40 0.4 140 5 Biosensors Int'l Group.ES.1301 119
      861 words
    • 470 34 Jan 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.537 0.790 8.152 57.246 101.460 0.932 11.126 3.174 1.252 102.632 42.710 1.287 9.238 0.982 30.461 31.312 0.657 1.051 Canada 0.964 6.303
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    • 64 34 Jan 17 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      64 words
    • 135 34 Jan 17 GOLD(US$/oz) Jan 16 Jan 17 Hong Kong 1690.00 1692.00 Jan 15 Jan 16 London 1681.90 1680.04 1682.65 1680.97 Source: Thomson Reuters CAST BAR Jan 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 148 66 5gm 421 330 10gm 753 661
      135 words
    • 90 34 Jan 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 18-Apr-13 0.23 6-Month BS*****E 11-Jul-13 0.25 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-14 101.88 5-Year N*****0Z 2.375 01-Apr-17 108.63
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    • 56 34 Jan 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Month Range Plice Av Price High lew Vol Done Open Position WiH WOi.U 23«0 }'-< 0 m 5>o 3590 Mai 1j MJi.U 2-S150 2026 0 2360 o 0590 ***** Apr 13 24i>t0 Mm ii IMOfl 7iKfUT 2*i2.U Ti ■2371.0
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    • 154 34 Jan 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2866 1.2878 1.0513 1.0516 Canadian dollar 1.2404 1.2419 1.0141 1.0136 Euro 1.6278 1.6292 1.3301 1.3304 NZ dollar 1.0279 1.0290 0.8399 0.8403 Sterling pound 1.9578 1.9594 1.5998 1.6000
      154 words
    • 121 34 As at 9am Jan 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.260 Can dollar 1.269 1.209 Euro 1.664 1.585 Sterling pound 1.994 1.918 NZ dollar 1.062 1.002 US dollar 1.247 1.188 Local dollars to 100 units of foreign
      121 words
    • 157 34 Jan 17 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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
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  • WINE/PURSUITS
    • 1073 35  -  Musigny is beauty: seductive, enchanting and gently sensuous, writes N K YONG A SMALL diversion this week a tasting of one of Burgundy’s uncommonly seen Grands Crus, Musigny in Cham-bolle-Musigny. There are 32 Grands Crus in the Cote d’Or in Burgundy, excluding those in Chablis. Of
      PHOTO: N K YONG  -  1,073 words
    • Around Town
      • Article, Illustration
        143 35 Skateboard art exhibition: Check out skateboards emblazoned with graphic artwork inspired by pop culture (right), at this exhibition held by artist Anthony “thön” Chiam. Inspired by his American-Japanese heritage, thön’s work incorporates elements from anime and comic books. The Vault, 237 South Bridge Road on Jan 24 from 8pm
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      • 89 35 The Ataris live in Singapore: Known for their hit cover rendition of Don Henley’s The Boys Of Summer, American punk-rock band The Ataris will be performing for the first time in Singapore. They will play songs in- cluding popular singles In This Diary and The Saddest Song from their
        89 words
      • 93 35 Wit’s End screening: Catch the Singapore premiere of 1971 B-movie Wit’s End (aka GI Executioner). Known to be the first made-in-Singa-pore American film, the story follows a journalist who encounters a mix of interesting characters including strippers and CIA agents while chasing a crime assignment. Where: The Arts House
        93 words
      • 71 35  -  Compiled by SARA YAP Rolex deepsea challenge exhibition: View the Rolex Deepsea Challenge and Rolex Deepsea Special, two watches that accompanied film-mak-er James Cameron and oceanologist Don Walsh (above) on their historic dives to the Mariana Trench, the deepest part of the world’s oceans. Where: Rolex Service Centre,
        71 words
    • 606 35  -  GAMING REVIEW By VICTORIA HO REMEMBER the time everyone thought that the future of gaming would be mo-tion-controlled? Here’s a controller you wave around, said Nintendo and Sony. Your body is the controller, said Microsoft, at the debut of the Kinect for Xbox. Well, if Fable:
      606 words
  • Page 35 Advertisements
    • 34 35 Compare latest home loan rates amongst all banks instantly via STProperty.sg 'ii Download the STProperty App for iPhone, iPad Android now! At STProperty, your ideal property isn’t hard to find. f STProperty.SG STPropertySG STPROPERTY.sg
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  • ARTS
    • 1283 36  -  Art Stage’s Indonesian Pavilion has divided many. But artists fear what ultimately loses out is the art. BY HELMI YUSOF THE launch of the Indonesian Pavilion at Singapore’s upcoming art fair Art Stage may have riled many Singaporeans in the art circles. But for Indonesian
      1,283 words
    • 516 36  -  By CHEAH UI-HOON THERE is little doubt that South-east Asia much less contemporary South-east Asian art isn’t as well known to the Americans, but this could change by the end of next month. From February to May, works by 22 artists and collectives from
      516 words
    • 545 36  -  By HELMI YUSOF RENOIR, Picasso, Kusama and Murakami are just some of the big names whose artworks will go under the hammer at Japan’s oldest auction house’s first sale in Singapore next weekend. Est-Ouest (pronounced “East-West”) will also be auctioning off gold, antiques, jewellery
      545 words
    • 423 36  -  By SARA YAP AT first glance, Italian artist Diego Fazio’s portraits look like rather ordinary photographs a woman standing under a waterfall, a forlorn-looking girl cradling her face in her hands, an elderly man with a furrowed brow. Taken in black and white, the pictures could be easily
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    • 95 37 ART STAGE SINGAPORE 34-37 JAN 3013 a is at once global and intimate. It isn’t just all about anonymous selling; it’s about relationships and art.” David LaChapelle, Artist Art Stage Singapore Asia’s Global Art Gathering Marina Bay Sands 24 Thursday, 12pm-7pm 25 Friday, 12pm-7pm 26 Saturday, 11am-7pm 27 Sunday, 11am-6pm
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  • CINEMA
    • 618 38  -  Cloud Atlas tries hard but fails to deliver on its initial premise, saysGEOFFREY GEOFFREY EU WITH a three-hour-l ong narrative that spans multiple storylines and a few centuries, and action that takes place in different locations and dimensions on planet
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    • 811 38 NYT [NEW YORK] The Sundance Film Festival has long had a dual personality. The atmosphere is typically fun and fizzy Stars! Swag! Hot tub hopping! while the films are dark and depressing, sometimes to the point of self-parody. This year, however, Sundance is
      NYT  -  811 words
    • 496 38  -  By HELMI YUSOF A RELATIVE newcomer, Jessica Chastain has just been crowned Best Actress by almost every US film organisation for her fine performance in war movie Zero Dark Thirty, which is also the No 1 movie in the US box-office. But there is
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  • Page 38 Miscellaneous
    • 292 38 CRYPTIC CROSSWORD Across 3 Everyday fare served up in exotic plates by parliament (6,4) 8 Tony goes mad about company magnate (6) 9 Included hug before first of dates(8) 10 Philip and Edward have to stop talking (4,4) 11 Partly rewrites the record book (6) 12 Footballer from batting team
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  • MUSIC/HERITAGE
    • 691 39  -  CHRISTOPHER LIM checks out a couple of Made in Singapore self-released indie albums CD REVIEWS CHRISTOPHER LIM VENTURINGoff the beaten path is easier than ever these days. And for every rising star like The Same Willows, there’s a thriving sea of self-re-leased indie albums worth your
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    • 610 39  -  By CHEAH UI-HOON EVER since the government announced plans in 2011 to build an eight-lane road through Singapore’s oldest Chinese cemetery, Bukit Brown cemetery has seen a steadily growing stream of visitors everyone from descendants to volunteers, academics, and artists. “As we learnt more about the place
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    • 429 39 HarveviNorman GOFFEE GOGKING CONCEPT STORE ’15 au^°c.: K i 3 Plv^b 'mtiryAi 0 BOSCH Invented for life Brandt Innovations you need De Dietrich < SETTING NEW VALUES Better Everyday 'TThk&*j if- yr»v_ Electrolux Fisher&Paykel GAGGENAU fu/La KRUPS Miele IMMER BESSER KRUPS PHILIPS 0Saeco >7" <")' Electrolux Kitchen Package EFC-9650X DESIGNER
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  • executive lifestyle
    • 1708 40  -  High-tech tools are giving musicians here fresh opportunities to connect with new listeners all over the world, writes CHRISTOPHER LIM CHRISTOPHER LIM FOR the longest time, bedroom musicians have been able to record stu-dio-quality albums with a basic computer and cheap software. The
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