The Business Times, 3 December 2013

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Microfilm: NL32902
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, December 3, 2013
    25 words
  • Article, Illustration
    Lock icon SMEs to spend more to raise productivity: study
    528 1  -  Construction firms’ capital investment index is highest By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Even as consumers descend on malls with Christmas gift lists in hand, small and medium enterprises (SMEs), too, have gone shopping. A new study has revealed that SMEs in Singapore
    528 words
  • Article, Illustration
    Lock icon Travellers hold back as Thai situation worsens
    804 1  -  Some in Singapore postpone or cancel visit; travel agents see threat to industry By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Travellers and businessmen here have begun to cancel or postpone their trips to Bangkok as the standoff in the Thai capital intensifies just as the
    PHOTO: AP  -  804 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,188.76 (+12.41) GST INDEX FUTURES 3,181.00 (+13.00) GSIMSCI 368.82 (+0.71) HSIMSCI FUTURES 368.10 (-0.10) US$ S$ US$ (S$ per US$) 1.253 (US$/S$ per 1.642 2.057 EURO (US$/S$/€ 1.360 1.705 Foreign currency per US$ S$ YEN 102.50 81.80 RM 3.207 2.559 HK$ 7.752 6.187 BAHT 32.14 25.65 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,818.15 +5.43 NIKKEI 225 15,655.07 -6.80 HANG SENG 24,038.55 +157.26 SET INDEX 1,374.26 +3.13 JAKARTA COMP 4,321.98 +65.54 MANILA COMP 6,223.37 +14.55 SEOUL COMP 2,030.78 -14.09 SHENZHEN B 868.69 -12.40 MUMBAI IND 20,898.01 +106.08 11.00am EST Change DOW 16,057.83 -28.58 NASDAQ 4,059.92 +0.03
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA JAPAN TAIWAN 5.036 JAPAN 1.475 CANADA 9.33 SWITZERLAND 0.50 US Source: Bloomberg
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      222 1 GEYLANG BUZZ Reserve-list site seen attracting keen interest PAGE 10 COMPANIES Strong capital markets activity expected next year PAGE 6 COMMENTARY Apec at centre of world growth PAGE 21 PROPERTY Sale of Kaleido terrace houses to start Jan 4 PAGE 27 Inc Turning invoices into cash Bibby provides financing through
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      480 2 Travellers jittery as Thai situation worsens THE intensifying political standoff in Bangkok has triggered jitters amongst travellers and tourists in Singapore, with some postponing or even cancelling their travel plans. FRONT PAGE SMEs to spend more to raise productivity: study A NEW study has revealed that SMEs in
      480 words
    • Article, Illustration
      Lock icon HDB construction to taper from 2014
      485 2  -  Khaw: It will be done in a measured way to allow market to gradually adjust By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] The massive construction of HDB flats will start to taper off from next year as balance is restored between demand and supply in
      485 words
    • Article
      Lock icon China developer pays RM4.5b for Johor land
      499 2 Bloomberg [SHANGHAI] Guangzhou R&F Properties Co, a landlord in the southern Chinese city’s business district, will pay RM4.5 billion (S$1.8 billion) to the Johor royal family for six sites in Malaysia, marking its first acquisition abroad. The developer plans to build commercial and
      Bloomberg  -  499 words
    • Article, Illustration
      Lock icon China factory activity maintains growth in Nov
      657 4  -  But PMI for small businesses fell to 48.3, its fourth monthly decline By VIRGINIE MANGIN in Beijing CHINA’S manufacturing activity stabilised in November, outperforming analysts’ expectations of a retraction on rising credit costs and slower restocking of inventories by companies. The official Purchasing
      PHOTO: REUTERS  -  657 words
    • Article
      Lock icon Manufacturing sector expands at faster pace
      463 4 LATEST US DATA Reuters [NEWYORK] The US manufacturing sector expanded at its fastest pace in 2-1/2 years last month, an industry report showed yesterday, while the pace of hiring in the sector also accelerated. The Institute for Supply Management (ISM) said its index of
      Reuters  -  463 words
    • Article, Illustration
      Lock icon European debt still weighing down growth
      755 4  -  By NEIL BEHRMANN in London EUROPE’S massive debt burden continues to depress the region’s growth and explains why central banks intend keeping interest rates down for as long as possible. If short-, medium- or longterm mortgage and other rates were to rise, many households
      PHOTO: AFP  -  755 words
    • Article, Illustration
      Lock icon The constraints and advantages that S’pore has: Tharman
      668 4  -  By leeuwen@sph.com.sg LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] The global economy, especially the developed countries, should expect to go through a period of “sub-normal growth” for several years to come, says Deputy Prime Minister Tharman Shanmugaratnam. And while this will cause problems for everyone,
      PHOTO: CHEW SENG KIM/THE STRAITS TIMES  -  668 words
    • Article
      Lock icon Japan funds ready to enter Asean markets once hedging risk fixed
      699 4  -  By ANTHONY ROWLEY in Tokyo THE delayed assault on Asean stock and bond markets by Japanese investors, in the wake of the Bank of Japan’s (BOJ) massive monetary easing, could begin in earnest soon as a result of decisions
      699 words
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      430 2 www.pwc.com/sg The Science of Compliance A practical workshop on Employee Remuneration Reporting (Forms 8E and IR21) pwc All employers in Singapore have a mandatory requirement to prepare year-end reporting for their employees by 1 March 2014. The importance of accurate and timely employee compensation reporting is becoming increasingly critical for
      430 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      138 2 Working together with Ethiopian Airlines to reach greater heights s? Ethiopian Airlines operates 3 weekly direct flights between Singapore and Ethiopia via Bangkok with effect from 3 Dec 2013. As Ethiopian Airlines celebrates its new ascent to greater heights, SATS is proud to be a partner in this milestone of
      138 words
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      251 5 PATEK PHILIPPE GENEVE Begin your own tradition. n pa wm bt i II pOq VO T3 3“ ►3 3“ n T3 tiina zr uj r n i u-> 0 3 0 z family-owned watch company, we are committed to restoring and maintaining all our watches. Including those made in 1839”
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Capital markets activity expected to be strong next year
      1132 6  -  Investor confidence growing amid better earnings outlook: OCBC bankers Reports by SIOW LI SEN lisen@sph.com.sg CAPITAL markets activity both equity and debt will be strong next year as investor confidence is growing along with a bullish outlook, OCBC bankers said yesterday.
      1,132 words
    • Article
      Lock icon New China IPOs to be of ‘better quality’
      416 6 But firms won’t be able to come here until H2 next year or even 2015: OCBC BETTER-QUALITY Chinese companies will come to Singapore following last month’s agreement between the regulators of the two countries. And, some of the Chinese companies which will
      416 words
    • Article
      Lock icon Sitra in deal to sell Sungei Kadut property for $8.65m
      385 6  -  By VEN SREENIVASAN ven@sph.com.sg LISTED outdoor furnishings specialist Sitra Holdings has obtained JTC approval to sell its Sungei Kadut property to World Furnishing Hub Pte Ltd (WFHPL) a special-pur-pose vehicle jointly owned by tile specialist Hafary Holdings, two of its
      385 words
    • Article
      Lock icon Monday blues for some M1 3G customers
      282 7  -  By JOYCE HOOI joyceh@sph.com.sg A “SOFTWARE bug” gave M1’s mobile data service the sniffles yesterday, with some of its users experiencing patchy 3G data access for several hours. “At about 8am on Monday following a scheduled network upgrade the previous night, some customers
      282 words
    • Article
      Lock icon Keppel confirms contract talks with Norway’s Golar
      209 7  -  By LEE MEIXIAN leemx@sph.com.sg CONFIRMING a Business Times report, Keppel Corp said yesterday that its unit, Keppel Shipyard, and topside partners are negotiating conversion and liquefaction contracts with Norway’s Golar LNG, to convert an LNG carrier into a floating storage and liquefaction vessel
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    • Article
      Lock icon LionGold partners new PE fund
      351 7  -  By ANDREA SOH sandrea@sph.com.sg LIONGOLD Corp, together with a subsidiary of associated firm ISR Capital and Chinese firm Suzhou Power, is partnering a new private equity (PE) fund that invests in natural resources. The fund, IPR LP, is structured as a second part of an
      351 words
    • Article, Illustration
      Lock icon Sembcorp’s new Banyan facility on Jurong Island starts operations
      412 7  -  $154m multi-utilities centre supplying services to petrochemical plants By RONNIE LIM ronnie@sph.com.sg MARKING an expansion of its utilities reach on Jurong Island, Sembcorp Industries’ new $154 million mul-ti-utilities centre at Banyan sector has started supplying steam, water and on-site logistics services
      PHOTO: FILE PHOTO  -  412 words
    • Article, Illustration
      Lock icon Hot demand jacks up pay of S-E Asia’s top investment bankers
      1013 9 Region enjoying deluge of capital raisings and M&A deals Reuters [HONG KONG] A recruitment firm looking to track down Asia’s most highly prized investment bankers would normally begin searching in their natural habitat Hong Kong. Now, a headhunter would
      Reuters; PHOTO: REUTERS  -  1,013 words
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      42 6 ASIA'S LEADING LUXURY YACHTING MAGAZINE K T HOW AVWLABLt OH iPAO ahdro'd B0ATING A SUBSIDIARY OF SPH MAGAZINES PTE LTD Blu Inc Media (HK) Ltd. Tel: 852 2165 2800 Fax: 852 2868 1799 www.bluincmedia.com Enquiry: queries@bluincmedia.com Subscribe at sub@bluincmedia.com l n www.asia-pacificboating.com
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      59 6 Looking to showcase and sell your Food Products, Cooking Solutions, Kitchen Appliances Accessories? NOW! *****620 or Email: sales@exhibitsinc.com.sg Organised By: Our Food Shows: (Organiser of IT Show, Food Beverage Fair, COMEX, World Food Fair, Consumer Electronics Exhibition and Food Kitchen Show) BLOCK 8, LORONG BAKAR BATU #07-07, S (*****3) TEL:
      59 words
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      52 6 CHILDAID CARNIVAL EDITION Where: Sands Theatre, Marina Bay Sands When: Dec 6: 8pm Dec 7: 2.30pm and 8pm Admission: $18, $28 and $38 (excluding booking fees) from www.marinabaysands.com/ticketing or call 6688-8826. Tickets also available from Marina Bay Sands theatre box office, SkyPark, ArtScience Museum and MBS retail mall concierge or
      52 words
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      77 7 I* IS! W. s<: *4> -s'* >&■ Man SiA iWrt V I phaoa m S F i ht ;'s £<;V VW m m w MB. m !V, sV 5 V\ I ii Ks Mi A 9HW' A'£<r-r/S< w sMf S *tvvmtt 5.. 5? 'V' 5$ 1 $3! ii i V
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Caution still reigns as Dec trading kicks off
      568 8  -  STI up 12.41 points amid mixed trading in Asia but losers outnumber gainers 226 to 169 STOCKS TEH SHI NING Correspondent APART from a consolation gain in the benchmark index yesterday, the first trading session of December brought little cheer to an
      Source: Bloomberg  -  568 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article, Illustration
      Lock icon OTHER SINGAPORE INDICES
      10 8 Source for FTSE ST Indices: Interactive Data
      Source for FTSE ST Indices: Interactive Data  -  10 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 3 0 0 0 7 6 3 Manufacturing 32 51 39 5 7 7 37 58 46 Commerce 13 23 20 1 6 4 14 29 24 Tpt/Stor/Comms 17 9 10
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Oil and gas sector
        268 8 gas OCBC INVESTMENT RESEARCH, Dec 2 THE FTSE Oil and Gas index has performed more or less in-line with the broader market this year. Still, it is among the top three best-per-forming FTSE sub-indices YTD, along with the FTSE Telecommunications and FTSE Maritime indices. On the
        Source: Bloomberg  -  268 words
      • Article, Illustration
        Lock icon Singapore Banks
        570 8  -  Compiled by JOYCE HOOI Singapore DMG PARTNERS RESEARCH, Dec 2 LOAN growth eased in October, with DBU and ACU loans expanding by one per cent m-o-m (+16.5 per cent y-o-y) versus September’s +1.3 per cent m-o-m (+16.4 per cent y-o-y). Business loans growth momentum slowed to +0.7 per
        Source: Bloomberg  -  570 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 7,561 7,561 30,953 30,953 Manufacturing 163,172 45,200 208,372 83,242 3,227 86,469 Commerce 113,052 297,657 410,709 72,827 21,231 94,058 Tpt/Stor/Comms 65,967 9,616 75,583 97,944 1,305 99,249 Finance 105,307 58 105,365 92,277 21 92,298 Construction 55,835 19,290
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 8 Stock name Close Change CapMallsAsia 2.010 -0.030 CapitaLand 3.040 +0.010 CapitaMall 1.955 +0.010 CityDev 9.970 -0.010 ComfortDelGro 1.980 +0.015 DBS Grp 17.000 -0.180 GLP 2.970 +0.020 Genting SP 1.510 +0.040 Golden Agri 0.585 +0.010 HK Land 5.870 -0.040 HPH Trust US$ 0.680 JMH 52.150 +1.630 JSH
      115 words
    • Article, Illustration
      Lock icon Positive China data lifts Aussie, NZ dollars
      427 8 CURRENCIES Reuters [LONDON] The Australian and New Zealand dollars rose sharply yesterday following positive data from China while sterling hit a five-year high against a basket of currencies, driven by better economic prospects. Investors bought the Australian and New Zealand dollars after a
      Reuters; PHOTO: BLOOMBERG  -  427 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME MDR 184,053,000 Albedo 160,107,000 Vallianz Hldgs 103,093,000 Innopac 95,674,000 NexGenSCom 42,291,000 IPCO Intl 41,125,000 Mirach Energy 35,743,000 Otto Marine 30,547,000 KLW Hldgs 29,946,000 HPH Trust US$ 25,771,000 VALUE($) DBS Grp 40,681,060 SingTel 38,913,540 EzionHldg 33,542,720 Genting SP 32,672,980 UOB 25,392,300 Noble Grp 24,183,460 HPH Trust US$
      59 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP JMH 5215 204.2 3.2 JSH 3295 112.8 2.8 DBXT MSINDO 10us$ 1204 76.4 5.3 Lyxor China H 10US$ 1555 32.6 1.7 IS MS India 100US$ 600 30.1 4.2 DBS Bk 4.7% NCPS 100 ***** 25.0 0.2 Jardine C&C 3551 21.0 0.6 UOB 2102 10.0 0.5
      111 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -81.4 -0.5 DBXT AUD Bonds 5AU$ ***** -50.5 -0.2 IS ASIA HYG100US$ 1050 -27.6 -2.1 Great Eastern 1781 -19.0 -1.1 DBS Grp 1700 -18.0 -1.0 DBXT MSTHAI 10US$ 1869 -17.5 -0.7 IS ASIA HYG100S$D 1321 -17.0 -1.3 DBXT MSEurope 10US$ 5840 -12.5
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      32 9 iJ FIND the ones n ~> THAT FIT! n c Recruit the right people 1 3 through CATS Recruit. Call 1800 289 8822 or email y-w recruit@sph.com.sg J to advertise. r [h> c.
      32 words
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      Lock icon Page 9 Advertisements Column 2
      69 9 0® 5l)I5p K -A K—.'^■K FT I. r~ fr Sw_ I SOLD DAILY SGCARMART.COM Over 20,000 car listings 2 Over 2 million potential eyeballs for your car monthly JA Latest price lists promotions Over 20,000 used car listings 3 methods to se based on your needs Over 3,000 car workshops
      69 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Reserve-list site in Geylang seen attracting keen interest
      632 10  -  Analysts expect top bid to be $580-$750 psf ppr for plum site next to Aljunied station By KALPANA RASHIWALA kalpana@sph.com.sg THE government will be launching two 99-year private housing sites in Geylang this month. Of the two, the one that is expected
      Source: MND, www.onemap.sg  -  632 words
    • Article, Illustration
      Lock icon No bridge too far when the arts play a role
      575 10  -  ChildAid Tokyo helps build ties across cultures By FELDA CHAY feldac@sph.com.sg BUILDING sustainable relationships between corporations and individuals from two different cultural backgrounds is not easy, but the Tokyo leg of charity concert ChildAid promises to bridge those differences between
      FILE PHOTO  -  575 words
    • Article, Illustration
      Lock icon Piano star Lang Lang charms fans at Steinway Gallery
      317 10 CLASSICAL piano star Lang Lang added his own sparkle to Orchard Road as he mingled with over 30 invited guests at a special meet-and-greet session at the Steinway Gallery in Palais Renaissance last Friday morning. Though he did not show off
      317 words
    • Article
      Lock icon ‘Do Not Call’ registry opens today
      532 10  -  Firms can also set up accounts with Do Not Call registry By VIVIEN SHIAO vshiao@sph.com.sg CONSUMERS who do not wish to receive telemarketing messages can start registering their Singapore telephone numbers today with the Do Not Call (DNC) registry for free. Under the Personal
      532 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon New GM at Orchard Hotel
        71 10 ORCHARD Hotel Singapore has appointed a 20-year veteran of the hospitality industry, Riaz Mahmood, as its general manager. Before this appointment at the five-star, 656-room property, he was the general manager of the Sheraton Dammam Hotel and Towers in Saudi Arabia. He graduated from Calcutta
        71 words
      • Article
        Lock icon New CEO at Pan Pacific Hotels Group
        111 10 PAN Pacific Hotels Group has announced that Bernold Olaf Schroeder will be its new chief executive officer from Jan 2. The German national was previously CEO of Jin Jiang International Hotel Management Co Ltd. Based in Shanghai then, he oversaw some 120 owned,
        111 words
      • Article
        Lock icon New fellowship at NUS Law
        115 10 IN ORDER to recruit and develop the next generation of Singaporean legal academics, the Faculty of Law at the National University of Singapore (NUS) has estab- lished a fellowship offering full-time positions which are intended to serve as a bridge between either undergraduate law education
        115 words
      • Article
        Lock icon Mindef buys 2 new subs
        85 10 LAST Friday, the Ministry of Defence signed a contract with Thyssenkrupp Marine System GmBH to acquire two Type 218SG submarines. The contract includes a logistics package and a crew-training arrangement in Germany. The submarines are projected for delivery from 2020. Together with the Archer-class submarines,
        85 words
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      88 10 ChildAid Tokyo 2014 Don’t miss the opportunity to network and interact with Japanese firms and individuals participating in ChildAid Tokyo 2014. On top of the concert, the five-day trip will feature visits to Japan’s Matsumoto Castle one of the national treasures of the country, and to Sensoji, a popular Buddhist
      88 words
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      Lock icon Page 10 Advertisements Column 2
      18 10 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements I CLA/FEB1 1/g
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  • SME Inc
    • Article, Illustration
      Lock icon Turning SME invoices into cash
      1274 11 Bibby Financial Services provides financing through factoring which is an advance on their receivables, says WANG XIN MIN IF you own a small and medium-sized enterprise (SME) and have been unable to receive financing, Lee Kheng Leong, managing director of Bibby Financial Services (BFS), has
      PHOTO: ARTHUR LEE  -  1,274 words
    • Article
      Lock icon Challenging Pixar and Dreamworks next
      951 11  -  After his success with Tudou in China, Gary Wang has ventured into animated film, using online principles offline COMMENTARY By CHRIS HOWELLS, GARY WANG Chris Howells is acting editor, Insead Knowledge. Gary Wang is founder of Tudou.com and did an MBA at Insead. This article
      951 words
    • Article
      Lock icon Deriving benefit from big data
      1292 12  -  Companies know they can’t do without it now. Here’s how they can turn big data into actionable intelligence. By KEITH CARTER The writer is a visiting senior fellow in the Department of Decision Sciences at NUS Business School. This article was first published on the
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      65 11 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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      67 12 CO CO CD CL X LU HOW TO REACH CUSTOMERS NEAR OR FAR. Asia. Europe. With a network covering over 220 countries and territories, we can ship your packages around Asia or around the globe. Go to fedex.com/sg/reach FedEx. Solutions powered by people. m I J M S w \i
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sians to pay more for power from next year
      614 13  -  Govt hikes charges as it tries to put its subsidy rationalisation plan back on track By PAULINE NG in Kuala Lumpur MALAYSIANS will pay much higher electricity charges from next year domestic tariffs will rise by 15 per cent and commercial
      614 words
    • Article, Illustration
      Lock icon Mahathir resigns as adviser to Petronas
      534 13  -  By in S JAYASANKARAN in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad has resigned as an adviser to national oil firm Petronas, Utusan Malaysia reported yesterday. Citing sources and quoting from a copy of the resignation letter that it had “obtained”, the Malay
      534 words
    • Article
      Lock icon Indonesia posts unexpected Oct trade surplus
      528 13 US$50m trade balance the first since August helps strengthen rupiah Reuters [JAKARTA] Indonesia posted a small and unexpected trade surplus in October after the central bank tightened monetary policy to slow the economy and imports, a policy likely to remain in place to stem
      Reuters  -  528 words
  • Page 13 Advertisements
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      159 13 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SALE BYTENDER Closing Date 12.00pm, 9 January 2014 Collector's Dream Landed Properties in Malacca, Malaysia Within UNESCO World Heritage Core Zones ST Jonker Street With Original Baba-Nonya Features Double storey building High tourist traffic J Land Area: 2,985 sf J Freehold «E- f,
      159 words
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      933 13 MATEX INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4222M) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 3 December 2013 (the “Circular”) issued by Matex International Limited. NOTICE IS HEREBY GIVEN
      933 words
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      969 13 Elec Eltek fix iJ B1 Elec Eltek International Company Limited (Incorporated in the Republic of Singapore with Limited Liability) Singapore Company Registration Number: *****0005H (Hong Kong Stock Code: 1151) (Singapore Stock Code: El6.SI) NOTICE IS HEREBY GIVEN that the extraordinary general meeting of Elec Eltek International Company Limited (the “Company”)
      969 words
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  • CHINA
    • Article
      Lock icon China restarts IPO market with 50 firms on track
      621 14 It also sets out new listing rules in keeping with reform pledges Bloomberg [BEIJING] China’s securities regulator said 50 companies will be ready for initial public offerings by the end of January as authorities prepare to lift a more than one-year
      Bloomberg  -  621 words
    • Article, Illustration
      Lock icon Cameron pushes EU-China trade deal
      552 14 UK PM’s trip focuses on construction, food, education and retail Bloomberg [BEIJING] British Prime Minister David Cameron has called for the European Union to open talks with China on a full-scale trade deal, even as the bloc seeks to curb Chinese goods that EU officials
      Bloomberg; PHOTO: AFP  -  552 words
    • Article
      Lock icon Macau casino revenue jumps 21.3% in Nov
      315 14 Reuters [HONG KONG] Gambling revenue in the southern Chinese territory of Macau jumped 21.3 per cent year on year in November after events including an international boxing match and the annual Grand Prix motor race led to an increase in high-spend-ing visitors. China’s
      Reuters  -  315 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      281 14 FUTURE i i t i I i i i i I a CHINA ADVANCED LEADERS PROGRAMME Grooming future leaders to be China-ready, China-sa wy and ‘Connected I really like the hands-on and very practical experience that we have in the second segment where the whole class went to China for
      281 words
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      Lock icon Page 14 Advertisements Column 2
      87 14 SINGAPORE’S HIT MUSIC STATION ■STOP HIT MUSIC WITH J J WEEKDAYS 10 AM-4 PM M fM 913 D facebook.com/hotfmsg @hotfmsg www.hotfm.sg HOT PROPERTY OUTRAM RD rfqtm if it B rf u& welcome. 50 ava,, A Qt BUSY EVERYDAY' Mpt n ending traffic! 28 0sf rcl r Now available! Don° mis™'
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  • WORLD
    • Article, Illustration
      Lock icon Support for Abe slips below 50% for first time
      480 15 Bloomberg [TOKYO] Prime Minister Shinzo Abe’s public support dropped below 50 per cent for the first time amid a campaign to strengthen Japan’s secrecy laws, a decline that risks eroding his political capital to enact economic reforms. The cabinet’s approval rating
      Bloomberg; PHOTO: REUTERS  -  480 words
    • Article, Illustration
      Lock icon Aussie class action lawsuit against bank charges begins
      576 15 Customers seeking return of more than A$240m in fees AFP [MELBOURNE] Australia’s largest ever consumer class action lawsuit, in which customers of several banks are fighting for the return of more than A$240 million (S$275.3 million) in fees, began in Melbourne yesterday.
      AFP; PHOTO: AFP  -  576 words
    • Article
      Lock icon Bull market to rally further with support from Fed
      868 15 Slow hiring and low interest rates boost corporate profit margins and stocks Bloomberg [NEW YORK] The weakest employment recovery in seven decades is proving a boon to equity markets. Five years into a rally that has restored US$14 trillion to share
      Bloomberg  -  868 words
    • Article
      Lock icon Kookmin to shutter 55 branches in January as profits fall
      292 15 Bloomberg [SEOUL] Kookmin Bank, South Korea’s largest lender by assets, said it will close 55 branches in January as the country’s lenders struggle with the lowest lending margins in four years. The closures will cut costs and help the Seoul-based
      Bloomberg  -  292 words
    • Article
      Lock icon Monetary easing having its intended effects: BOJ chief
      623 16  -  He rejects criticisms policy was aimed at depreciating yen to give exports an edge By ANTHONY ROWLEY in Tokyo THE Bank of Japan’s (BOJ) massive monetary easing launched in April is on track to rid the country of chronic deflation and to
      623 words
    • Article, Illustration
      Lock icon UK industry data for Nov points to strong recovery
      626 16 Sterling at 5-year high with new orders, jobs rising Reuters [LONDON] British manufacturing grew at its strongest pace in almost three years in November and a rush of new orders suggested the economy’s recovery is getting onto a firmer footing, a
      Reuters; PHOTO: AP  -  626 words
    • Article
      Lock icon Bidvest makes all-cash bid for Adcock stake to counter CFR
      474 16 Bloomberg [JOHANNESBURG] A consortum led by Bidvest Group, South Africa’s sec-ond-biggest company by revenue, made an all-cash offer to buy a 34.5 per cent stake in Adcock Ingram Holdings, countering a cash and stock bid for the whole company by
      Bloomberg  -  474 words
    • Article
      Lock icon China air zone overshadows Biden’s visit
      741 16 AFP Bloomberg [BEIJING] US Vice-Presi-dent Joseph Biden arrived in Japan yesterday on a trip to demonstrate the American commitment to the Asia-Pacific and defuse tensions over a Chinese air defence zone that drew criticism from the US and its allies. Mr Biden was greeted
      AFP; Bloomberg  -  741 words
    • Article
      Lock icon US banks trim govt bond holdings for cash
      1009 17 They see revival of loan demand as Fed cuts bond buys on improving economy Bloomberg [NEW YORK] Never before have America’s banks been so wary of risking their cash deposits on US government debt. After holdings of US debt surged to a
      Bloomberg  -  1,009 words
    • Article, Illustration
      Lock icon Manila targets rich and famous in drive to curb tax evasion
      893 17 AFP [MANILA] The Philippines’ taxman has long struggled to compel the country’s elite pay its fair share, but a name-and-shame campaign targeting one of history’s greatest boxers and the “sexiest woman alive” is aiming to change that. A crusade
      AFP; PHOTOS: AFP/REUTERS  -  893 words
    • Article
      Lock icon China losing shine among Japanese investors
      347 17 AFP [TOKYO] China has fallen off the top of a list of Japan Inc’s favoured investment destinations for the first time in more than two decades because of higher labour costs and bilateral tensions, a survey said. Indonesia took the top spot, up from
      AFP  -  347 words
    • Article, Illustration
      Lock icon Commodities slump to deepen this month
      745 18 15 of the 24 raw materials on S&P’s GSCI Index headed for annual losses Bloomberg [NEW YORK] The commodity slump that spurred bear markets in everything from gold to corn to sugar this year will deepen by the end of this month as prices
      Bloomberg; PHOTO: REUTERS  -  745 words
    • Article, Illustration
      Lock icon Citigroup’s quiet boss makes big impact
      906 18 He maintains a low profile, focusing on regulators, clients NYT [NEW YORK] Michael Corbat, head of one of the biggest banks in the world, recently strolled through Marea, the Central Park South restaurant where Manhattan’s elite go to be seen. No one in the
      NYT; PHOTO: BLOOMBERG  -  906 words
    • Article
      Lock icon New EU rules spark a flurry of rating changes
      778 18 Agencies face limits on frequency, timing of sovereign calls Bloomberg [LONDON] Regulations designed to restrict changes of opinion by credit rating companies are triggering a flurry of rulings on euro-ar-ea nations as their year-end introduction approaches. S t a n d
      Bloomberg  -  778 words
    • Article
      Lock icon UBS merges currency, interest rates, credit trading units
      569 18 Integration an ‘evolution’ of efforts to shrink investment bank ops NYT [LONDON] Swiss bank UBS is combining its currency, interest rates and credit trading businesses into one unit, according to a memo circulated at the bank earlier last month. The move comes
      NYT  -  569 words
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      Lock icon Page 15 Advertisements Column 1
      1058 15 KATS NOTICES Lantrovision (S) Ltd (Company Registration Number *****3374R) (Incorporated in the Republic of Singapore on 27 June 1992) LanTroVision" NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the "EGM") of Lantrovision (S) Ltd (the "Company") will be held on 19 December 2013 at
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      21 16 DECEMBER ISSUE OUT NOW! NOW AVAILABLE IN DIGITAL EDITION FOR TABLETS AND SMARTPHONES! 50%OFF1-YEAR DIGITAL SUBSCRIPTION DOWNLOADTORQUESINGAPORE FROM THESE PLATFORMS: WWW.TORQUE.COM.SG
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      54 16 TUV' MWs ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! m 5 fa 1 > For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foe 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by:
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      209 17 F&N TREASURY PTE. LTD. (UEN/Company Registration No. *****7668D) (Incorporated in the Republic of Singapore) Notice to holders of the outstanding S$80,000,000 3.15 Per Cent. Bonds Due 2018 (ISIN: SG**********) (the “7-Year Bonds”) of F&N Treasury Pte. Ltd. (“F&NT”) unconditionally and irrevocably guaranteed by Fraser and Neave, Limited (“F&N”) in respect
      209 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon MPA to get new chief exec from January
      346 19  -  Andrew Tan Kok Kiong is currently a Transport Ministry deputy secretary By MALMINDERJIT SINGH msingh@sph.com.sg ANDREW Tan Kok Kiong will become the new chief executive of the Maritime and Port Authority of Singapore (MPA) from Jan 1 next year. He is deputy
      346 words
    • Article, Illustration
      Lock icon Amazon unveils ‘delivery via mini-drones’ plan
      571 19 AFP [WASHINGTON] Want that Amazon order in just 30 minutes? Company CEO Jeff Bezos says he hopes to soon deploy an armada of mini-drones able to drop small packages at your doorstep. The US online retail giant’s revolutionary project still needs extra safety testing
      AFP  -  571 words
    • Article, Illustration
      Lock icon Japan allows armed guards on its tankers
      504 19 Bloomberg [TOKYO] Pirates wielding rocket-propelled grenades and AK-47s have prompted Japan to ease a samu-rai-era ban on civilians carrying guns, allowing guards on locally registered oil tankers to be armed for the first time. Shipping companies will be able to place security personnel
      Bloomberg; PHOTO: AP  -  504 words
    • Article
      Lock icon SIA, Google hook up for travel, flight info feature
      164 19 SINGAPORE Airlines (SIA) customers who book through SIA’s website will be able to view important travel information with Google Now before their flight departure. This includes updates on flight schedule, the airport terminal as well as departure gate for flights, in
      164 words
    • Article
      Lock icon Qantas, China Southern to codeshare
      213 19 Reuters [SYDNEY] Australia’s flagship carrier Qantas Airways Ltd has signed a codeshare agreement with China Southern Airlines Co Ltd, as it looks to capitalise on Asia’s fast-growing aviation market. Qantas, which formed an alliance with Emirates Airline this year, now has codeshare agreements with the
      Reuters  -  213 words
    • Article
      Lock icon 4 China Southern Airlines’ execs under graft probe
      250 19 Reuters [BEIJING] China Southern Airlines said it reported four middle-ranking executives to authorities after an internal audit uncovered irregularities as China steps up its anti-corruption campaign. A spokesman for China’s biggest airline by fleet size declined to identify the executives, now under
      Reuters  -  250 words
    • Article
      Lock icon TRANSPORT STOCKS
      241 19 SGX '000 Dec 02 S$ +/-Vol Ch Offshore 0.43 unch 23 Chuan Hup Hldg 0.27 0.01 57 Dec 02 Cwt Limited...............1.30 0.02 1173 Ezra Hldgs 1.34 0.02 3435 First Ship Lea unch unch 0 Grand Banks..............0.22 unch 6 Jaya Hold Ltd unch K1Ventures 0.19 unch 110 Keppel Corp
      241 words
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  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      329 19 CRYPTIC CROSSWORD Across 1 Scientists’ aspiration is up more potential for development (9,6) 9 New business set back by famous face (5-2) 10 Observed how plain the cake was! (7) 11 Pronouncement from church on complete article (9) 12 Liveliness of bar Nixon regularly frequented (4) 13 Work hard on
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  • EDITORIAL & OPINION
    • Article
      Lock icon DNC will change telemarketing in S’pore
      491 20 EDITORIAL THE Do Not Call (DNC) registry started accepting telephone number registrations from yesterday. The registry will come into effect from Jan 2, 2014. From that date onwards, telemarketing companies will have to look up the registry and check telephone numbers before making calls.
      491 words
    • Article, Illustration
      Lock icon Better pay – it’s doable and would actually help
      824 20  - Better pay it’s doable and would actually help THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 ’TIS the season to be jolly or, at any rate, to spend a lot of
      824 words
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      Lock icon China’s air zone highlights its global image problem
      929 20  -  Beijing must use its soft power to enhance diplomacy and win foreign hearts and minds By ANDREW HAMMOND The writer was formerly a geopolitical analyst at Oxford Analytica. He was also a special adviser in the UK Government of Tony Blair US
      PHOTO: REUTERS  -  929 words
    • Article, Illustration
      Lock icon Apec at the centre of world growth
      1475 21  -  Four countries that stand out in the CEO survey are the US, China, Indonesia and Singapore DAVID MASON The writer, a PricewaterhouseCoopers Singapore partner for 18 years, is a business consultant in the UK who spends several months a year in Singapore APEC
      PHOTO: AFP  -  1,475 words
    • Article, Illustration
      Lock icon Asian banks turn to analytics as they grow private banking pie
      726 21  -  By BEAT MONNERAT The writer is Accenture’s managing director responsible for financial services in Asean as well as for analytics for financial services globally ALTHOUGH Asia’s private wealth business is forecast to grow, competition and margins are so intense
      LUDWIG ILIO  -  726 words
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  • Article
    Lock icon Shipping Times
    1333 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      50 22 PLACE YOUR AD HERE .THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3011 23 Transaction date: Dec 2 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 15 11.5 8Telecom Vol Day Last Quote Div Gr Yld Net M Cap 188 106 AIMSAMPIReit 149 -3 355 152
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      Lock icon SGX CATALIST
      214 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller
      214 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11292 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.5/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos!” 1.97?/ China Opportunities!' FM local Ccy Bond 0.894/ European Opportunities!" 1.292/ Global Emerging Markets'” Global Opportunities/” 1
      11,292 words
    • Article
      Lock icon GLOBALQUOTE
      262 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 30 AVJennings A58 -2 22 61 58 58 60 3.6 6 4.7 214.7 52 31.5 Genting HK US$ US44 +1 ***** 45 43.5 44 44.5 2897.2
      262 words
    • Article
      Lock icon SGX ETF
      882 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 125 107.1 ABF SG Bond ETF 113 +1 15 113 113 112.5 113.5 515.8 143 127.7 CIMB APAC Div 100S$D 127.9 129.5 130.4 114.4 99.2 CIMB
      882 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      697 25 Dec 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.74 *****.02 *****.54 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****5 Mar14 *****.00 *****.00 *****.00 *****.00 1645 ***** MSCI TAIWAN INDEX FUTURES SPOT 297.05 297.37 295.51 Dec13 296.60 298.30 295.60 295.90 ***** *****3 Jan14 296.50
      697 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 29 Index Change Change Change Change Change Change World Preliminary 1164.2 0.1 24.1 0.1 25.1 0.2 21.9 EAFE Preliminary 943.9 -0.1 21.9 -0.1 20.9 0.0 17.8 Europe Preliminary 1342.8 -0.1 17.1
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Dec 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.973 5.581 0.673 7.101 56.803 107.624 0.939 9.685 2.937 1.115 99.394 39.990 1.148 9.286 0.829 27.103 29.434 0.558 0.916 Canada 1.028 5.736
      471 words
    • Article
      Lock icon SIBOR
      38 25 Dec 2 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      78 25 Dec 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****E 30-May-14 0.28 1-Year BY*****T 31-Oct-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.75 5-Year N*****0T 0.5 01-Apr-18 99.4 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      136 25 Dec 02 GOLD(US$/oz) Dec 02 Dec 01 Hong Kong 1251.00 1248 Nov 29 Nov 28 London 1253.05 1243.89 1253.65 1245.11 Source: Thomson Reuters CAST BAR Dec 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 112 50 5gm 319 249 10gm 570 498
      136 words
    • Article
      Lock icon PALM OIL
      57 25 Dec 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2600.0 2602.0 2601.0 2595.0 208 2093 Jan 14 2645.0 2637.0 2653.0 2624.0 3197 ***** Feb 14 2650.0 2643.0 2659.0 2629.0 ***** ***** Mar 14 2654.0 2647.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Dec 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1475 1.1477 0.9159 0.9160 Canadian dollar 1.1795 1.1797 0.9415 0.9414 Euro 1.7044 1.7047 1.3604 1.3605 NZ dollar 1.0288 1.0290 0.8211 0.8212 Sterling pound 2.0566 2.0569 1.6415 1.6416
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 25 Nov 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1336.50 1320.00 1339.50 1327.00 Mar 14 1317.75 1306.25 1321.00 1309.75 May 14 1297.75 1290.00 1301.00 1291.25 Jul 14 1288.00 1282.25 1292.00 1283.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
      109 words
    • Article
      Lock icon LIFFE
      95 25 Nov 29 COCOA (£/tonne) Close Prev High Low Dec 13 1736 1736 1745 1727 Mar 14 1745 1745 1753 1737 May 14 1741 1739 1747 1733 Jul 14 1736 1733 1740 1729 COFFEE(US$/tonne) Close Prev High Low Nov 13 1623 1623 1621 1621 Jan 14 1642 1628 1652 1613
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1222 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.4 1 123 292 78.75 5 Exer Albedo Limited W*****9 Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 3 Asiatic Grp(Hldgs) Ltd W*****5 2.2
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      68 25 CRUDE OIL PRODUCTS Nov 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.95 0.09 WTI (Near Mth) 92.72 0.54 Dubai (1-Mth F) 107.35 -0.09 Tapis blend 116.55 -0.06 Minas 110.35 -0.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.56 0.14 Jet Kerosene 126.58 -0.45 US$/barrel OpecOil Basket
      68 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Dec 2 S$ Bid Offer 1-month 1.2529 1.2530 2-months 1.2528 1.2529 3-months 1.2528 1.2529 6-months 1.2524 1.2526 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 25 Nov-29 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1710.00 1708.50 3 months 1755.00 1754.00 Copper, Grade A(US$/tonne) Cash 7054.25 7014.50 3 months 7055.00 7020.00 Lead(US$/tonne) Cash 2055.25 2042.50 3 months 2080.00 2066.50 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Dec 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.170 1.115 Can dollar 1.203 1.157 Euro 1.746 1.663 Sterling pound 2.099 2.019 NZ dollar 1.048 1.008 US dollar 1.281 1.220 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 25 Dec 2 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.20 0.10 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      157 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Risky Aussie loans fuel record home prices
      1419 26 Banks concerned as mortgages with LVR higher than 80% rise to 35% at 4 lenders Bloomberg [SYDNEY] Australia’s biggest banks, whose lending standards helped the nation avoid a property crash during the global credit crisis, are raising concern with home loans helping to
      Bloomberg; PHOTO: BLOOMBERG  -  1,419 words
    • Article, Illustration
      Lock icon Rise in China prices eases in Nov
      402 26 Reuters [BEIJING] China’s property inflation eased slightly in November, two private surveys showed, offering initial signs that recent measures imposed by some local authorities could help cool a red-hot real estate sector. Prices of new homes in 288 major cities in November rose
      Reuters; PHOTO: REUTERS  -  402 words
    • Article
      Lock icon UK home prices up in all regions as market firms in Oct
      375 26 Low mortgage rates help broader market recover Bloomberg [LONDON] UK house prices rose in all regions of the country for the first time in more than six years last month as low mortgage rates helped the property revival
      Bloomberg  -  375 words
    • Article
      Lock icon Norway malls sold for 247m euros
      184 26 Bloomberg [BERLIN] Klepierre SA, Europe’s sec-ond-largest publicly traded shopping mall operator, sold four shopping centres in Norway for 247 million euros (S$420 million) to help finance projects in the Nordic region. Steen Strom AS, a company controlled by Paris-based Klepierre, sold 90 per cent
      Bloomberg  -  184 words
    • Article, Illustration
      Lock icon Sales for Kaleido terrace houses to start on Jan 4
      406 27  -  Showflat for the project to open for private preview this weekend By ONG CHOR HAO ongch@sph.com.sg SALES for Kaleido, a 14unit cluster of freehold terrace houses along Lorong K Telok Kurau, will start on Jan 4, tagged with an average
      PHOTO: KNIGHT FRANK SINGAPORE  -  406 words
    • Article
      Lock icon Ascott to open 57 more properties
      222 27  -  Capitaland to open in key global cities over next few years By CARINE LEE carinel@sph.com.sg CAPITALAND’S whol-ly-owned serviced residence business unit, The Ascott Limited, is scheduled to open 57 properties in Asia, Europe and the Gulf region over the next few years. It will
      222 words
    • Article, Illustration
      Lock icon Australia home price growth slows in Nov
      267 27 Reuters [SYDNEY] An index of home prices for Australia’s major cities rose only marginally in November, a slowdown after two months of strong gains that should temper concerns about a bubble, industry data showed yesterday. Figures from property consultant RP Data-Ris-mark showed overall
      Reuters; FILE PHOTO  -  267 words
  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      208 26 KnightFrank.com.sg W* Knight Frank FREEHOLD ROW OF SHOPHOUSES REDEVELOPMENT SITE AT BALEST1ER EXPRESSION OF INTEREST Closing Date: 10th December 2013 (Tuesday) at 3pm SUBJECT PROPERTY Bendemeer cna City Square Mall Approximately 500m to Farrer Park MRT station and upcoming Connexion Residential with Commercial at 1st storey, GPR 3.0 Single owner.
      208 words
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      Lock icon Page 26 Advertisements Column 2
      165 26 SAMSUNG HUB Prime CBD Office 999-year land tenure Strata Area: Approx. 2,906 3,143 3,186 3,875 sq ft Column free regular layout for design flexibility Near to Raffles Place (240m) and upcoming Telok Ayer (170m) MRT Banks, F&B and amenities in the immediate surroundings Excellent car-parking provisions with 177 lots Gross
      165 words
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      Lock icon Page 26 Advertisements Column 3
      60 26 Brand New Light Industrial at Aljunied for Lease TOP soon 5-min walk to Raya Lebar MRT Excellent location Fitted bare Sizes from 7,000 to 80,000 sq ft Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices CEA Reg No.: R*****1G www.savills.com.sg 9825 2101
      60 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      289 27 Discover ACE BUROH Premium industrial building designed to ACE your business. I .1 1. n r w if--A i m We Know Your Business!* Hotline: 8588 8866 www.aceburoh.com.sg it. -<-■ rrorn Daily L Pffl n \u <l--a Lt.. nlyJ ntmani ii Special Preview Date: 11, 12, 13 December 2013 26
      289 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      90 28 "To me, insurance should be a source of comfort, not confusion." We couldn't agree more! With easy to understand products supported by experienced financial professionals, Zurich provides you with a clear and defined procedure so you understand every detail of your insurance plan. Zurich. Putting the "sure" in insurance. Call
      90 words