The Business Times, 11 December 2013

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Microfilm: NL32902
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, December 11, 2013G
    25 words
  • Article, Illustration
    Lock icon China’s economy continues to stabilise
    882 1  -  Retail sales, exports are bright spots in Nov; industrial output growth drops a little By in Beijing VIRGINIE MANGIN in Beijing CHINA’S economy continued to stabilise last month, with the latest figures having come in as policy leaders started gathering behind closed doors to discuss
    PHOTO: AFP  -  882 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,081.72 (-31.92) HST INDEX FUTURES 3,076.00 (-32.00) HSIMSCI 355.31 (-3.65) HSIMSCI FUTURES 353.60 (-4.10) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.645 2.057 EURO (US$/S$/€ 1.375 1.720 Foreign currency per US$ S$ YEN 103.20 82.50 RM 3.210 2.566 HK$ 7.753 6.198 BAHT 32.08 25.65 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Tuesday Change KL COMP 1,843.85 +1.98 NIKKEI 225 15,611.31 -38.90 HANG SENG 23,744.19 -66.98 SET INDEX Closed JAKARTA COMP 4,275.68 +61.34 MANILA COMP 5,886.40 -122.54 SEOUL COMP 1,993.45 -6.93 SHENZHEN B 894.61 -2.23 MUMBAI IND 21,255.26 -71.76 11.00am EST Change DOW 16,009.60 -15.93 NASDAQ 4,069.79 +1.04
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 JAPAN 14.675 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg
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  • Article
    Lock icon Onus of after-work behaviour not on bosses
    634 1  -  TWC2: Migrant workers’ freedoms should be respected By KELLY TAY kellytay@sph.com.sg [SINGAPORE] Employers should not be held responsible for what their foreign worker hires do after working hours, observers told The Business Times yesterday and there is nothing in Singapore’s rulebooks to suggest
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      136 1 S’PORE NEWS Far East top bidder for third site in Gambas PAGE 12 STRAIT TALK The world needs places of refuge PAGE 20 COMMENTARY China’s No. 1 mission: good governance PAGE 19 EXEC MONEY The asset allocation conundrum PAGE 28 MARKET VIEWS Singapore stocks well-placed for 2014 Stable bottom line
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      320 2 China’s economy continues to stabilise CHINA’S economy continued to stabilise last month, with latest figures having come in as policy leaders gathered behind closed doors to discuss economic policies and set targets for next year. FRONT PAGE ‘Don’t blame bosses for workers’ acts’ EMPLOYERS should not be held
      320 words
    • Article
      Lock icon No TPP breakthrough after all, ministers to try again next month
      630 2  -  Officials say they’ve made ‘substantial progress’ towards a done deal By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] After four days of intensive haggling, trade ministers of 12 countries yesterday failed to meet a year-end deadline to hammer out a Trans-Pa-cific
      630 words
    • Article, Illustration
      Lock icon Thai premier rejects demand to quit
      502 2 AFP AP Bloomberg [BANGKOK] Thai Prime Minister Yingluck Shinawatra yesterday refused demands by anti-government protesters to resign ahead of upcoming elections, urging them to abandon their “people’s revolution”. Bangkok has been shaken by more than a month of mass opposition rallies aimed at ousting
      AFP; AP; Bloomberg; PHOTO: AP  -  502 words
    • Article, Illustration
      Lock icon 24 charged with rioting, another eight arrested
      525 4  -  They face up to seven years’ jail and possibly caning if found guilty RIOT IN LITTLE INDIA Reports by MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] Two dozen Indian nationals were charged in court yesterday for their alleged involvement in the Little India riot on Sunday
      PHOTO: AFP  -  525 words
    • Article
      Lock icon Indian High Commission to help workers assimilate
      266 4 [SINGAPORE] The Indian High Commission in Singapore is willing to work with the government in any way possible to better educate the workers from the country on Singapore and culturally assimilate them. The Sunday riot at Little India has thrown up the question
      266 words
    • Article, Illustration
      Lock icon REMEMBERING MANDELA
      112 4 AFP [SOWETO] Images of Nelson Mandela through the years are flashed across a screen during a memorial service yesterday for the former South African president at the FNB Stadium in Soweto, near Johannesburg. Mandela’s body will lie in state for three days from today in the amphitheatre of
      AFP; AP  -  112 words
    • Article, Illustration
      Lock icon Two luxury models may keep Cat A COEs up
      603 4  -  Mercedes’ CLA180, Audi’s A3 Sedan will be in new Cat A By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The expected fall in the Category A COE premium after February may not be significant after all. Two German luxury models joining the re-de-fined small-car
      603 words
    • Article
      Lock icon Indian markets retreat from record high after poll results
      623 4  -  By NEETA LAL in New Delhi INDIA’S domestic markets retreated yesterday after surging to a record high the day before on fears that the national elections next year will result in a weak and unstable government. The 30-share Sensex ended down
      623 words
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      358 2 I ESPLANADE PRESENTS "iH W P' V |i I 1 J n Voices A Festival of Song 1 3 1 5 Dec 201 3 The joy of singing together, Riches of diverse cultures, The love of life through song. OFsONG^^h^^ Estonian Philharmonic Chamber Choir (Estonia) Conductor, Tonu Kaljuste One of
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      182 3 rrSS^**V DA ■^s ssf: sa&TSPS -s *3*. RESIDENCE nr ■2»* >'i THE HILLS h v.V. Ste iSS. ,;x a -c.-. ns X X m ilili A J X. 3 V/ A rfil Mh mz -<• v V' v\ 7. J,;- '»►;>, g -7 i HI P" m JX •zi&i SPSSJi
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      92 5 A w 0"' t A- .>* 3tt -A rs M»T a J Proud to partner one of the world’s largest seawater desalination plants from the very first drop. Congratulations to Hyflux on achieving the major milestone of the Tuaspring Desalination Plant, one of the world’s largest seawater reverse osmosis desalination
      92 words
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  • COMPANY NEWS
    • Article
      Lock icon Singapore market ‘safer path to growth’
      557 6  -  Credit Suisse cites stable currency, inexpensive valuations and strong global linkages MARKET VIEWS By CAI HAOXIANG haoxiang@sph.com.sg THE Singapore stock market is well-posi-tioned for two contrasting themes in 2014: improving global economic growth, and currency and interest rate volatility concerns from a US taper,
      557 words
    • Article, Illustration
      Lock icon Stable bottom line for local telcos next year
      500 6  -  By JOYCE HOOI By joyceh@sph.com.sg PROFITABILITY for the telco sector in Singapore is set to remain stable, with data revenue cushioning the bumps on the road ahead, according to the Fitch Ratings 2014 outlook report for telcos in the region. While revenue
      PHOTO: BLOOMBERG  -  500 words
    • Article
      Lock icon PICTET
      273 6 Pictet-Absl Rtn Glo Cons-P EUR 05/12/2013 EUR 100,84 Pictet-Absl Rtn Glo Div-P EUR 05/12/2013 EUR 111,95 Pictet-Asian Equities Ex Japan-P USD 06/12/2013 USD 182,58 Pictet-Asian Local Currency Debt-P USD 06/12/2013 USD 143,43 Pictet-Biotech-P USD 05/12/2013 USD 539,01 Pictet-Clean Energy-P USD 05/12/2013 USD 80,90 Pictet-Digital Communication-P USD 05/12/2013 USD 198,37
      273 words
    • Article, Illustration
      Lock icon Global E&P spending expected to hit record US$723b next year
      579 6  -  Barclays: Market fundamentals to favour service firms By LISA LEE lisalcc@sph.com.sg GLOBAL oil and gas companies are likely to increase their exploration and production (E&P) spending to a record US$723 billion next year, up 6.1 per cent from US$682 billion
      Source: Barclays Research  -  579 words
    • Article
      Lock icon Hedge funds in Asia up to 42% cheaper to run than in US: poll
      405 6 Bloomb erg [HONG KONG] Running a hedge fund in the Asia-Pa-cific region can be as much as 42 per cent cheaper than in the US and Europe, helped by lower-than-aver-age compensation, according to a survey by
      Bloomberg  -  405 words
    • Article
      Lock icon Armstrong expects S-E Asian clean energy fund to attract US$1.2b
      282 6 Bloomberg [LONDON] Armstrong Asset Management, a Singapore-based private-equity company, expects investments from its first Southeast Asian clean energy fund to total as much as US$1.2 billion. The fund will focus on the Philippines, Indonesia and Thailand where renewables policy support
      Bloomberg  -  282 words
    • Article, Illustration
      Lock icon SGX, Thomson Reuters launch bond indices
      516 7  -  The indices will track S’pore-dollar corporate and sovereign debt By KENNETH LIM kenlim@sph.com.sg THE competition for Singapore bond benchmarks is heating up with a new set of indices created through a collaboration between Singapore Exchange (SGX) and Thomson Reuters. The Thomson Reuters/SGX Singapore Fixed
      516 words
    • Article
      Lock icon Asia ex-Japan US$ bond marketing stalls
      661 7 Returns in region set for first annual loss in five years Bloomberg [SINGAPORE] Companies in Asia outside Japan paused the marketing of US dollar-denominated notes yesterday as markets quieten in the lead up to Christmas. Bond returns in the region are poised for their
      Bloomberg  -  661 words
    • Article, Illustration
      Lock icon ThaiBev shares take a hit on debt downgrade to junk status
      317 7 Reuters THAI Beverage shares took a hard knock yesterday, leading losses in Singapore’s benchmark index, after rating agency Standard Poor’s downgraded the company’s debt to junk status. The stock ended trading 4.2 per cent down at 45.5 cents. It
      Reuters; PHOTO: BLOOMBERG  -  317 words
    • Article, Illustration
      Lock icon Firms slow to use social media to engage investors
      456 9  -  Survey shows only 4% of 91 SGX companies use it frequently for communications By CHAN YI WEN yiwenc@sph.com.sg DESPITE the regular use of social media to disseminate news and keep the public informed, only 4 per cent of 91 SGX-listed companies
      456 words
    • Article
      Lock icon Lum Chang to buy $52m London property
      263 9  -  By VIVIEN SHIAO vshiao@sph.com.sg AS PART of plans unveiled yesterday to seek property investment projects in the UK, Lum Chang Holdings is buying a London property, now being operated as a hotel by the sole tenant, for about $52 million. Lum Chang Holdings,
      263 words
    • COMPANY BRIEFS
      • Article
        Lock icon Top Global plans Indonesian foray
        110 9 AS PART of its bid to be a regional property developer, Top Global Limited (TGL) is entering the Indonesian property market through a related party transaction. It has proposed to acquire a 71.5 per cent stake in Indonesian property company PT Suryamas Dutamakmur Tbk for
        110 words
      • Article
        Lock icon Scorpio East’s H1 losses widen
        89 9 LOSSES at entertainment company Scorpio East Holdings widened in the first half ended Oct 31, 2013, to $2.3 million, from $257,000 a year earlier. This works out to a loss per share of 1.31 cents, compared with a loss per share of 0.2 cent last
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      94 6 DECEMBER ISSUE OUT NOW! HITS AND MISSES IN TECH 2013 EDITION 12:45,. mM. Which one should you buy? GREAT FOR IPAD TECH UP FOR THE HOLIDAYS ANDROID REVIEWED KITKAT 4.4 UNVEILED •JO I W Free gifts by Netgear with this promo card Exclusively for hwm print readers, while stocks last.
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      53 6 COMPLETION OF DISSOLUTION OF Ore Genesis Inc. NOTICE is hereby given that in accordance with Section 92(8) of the International Business Companies Act, 1994, the company Ore Genesis Inc. with registration number *****2 was officially dissolved and struck off the register on 27th November 2013. Dated this 4th day of
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      189 7 ;v. i I: .V i ,4 •i ••00 v 1 4 t MSigi ••-i 4*. 1 w SI IB i kfl ss A fi I 0 > V Christmas goes from merry to extraordinary. Enjoy a free upgrade from the C 200 to the E 200 ELEGANCE. First 20 bookings
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Year-end rally talk takes a back seat
      579 8  -  Yesterday’s STI retreat adds to gloomy talk of how pathetic trading has become STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent Normally at this time of the year market talk would focus on the possibility of a year-end rally. Not so this year talk is
      Source: Bloomberg  -  579 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      74 8 Dec 10 VALUE CLOSE BT OB/OS -516.00-178.00 BT CADI -*****.00-116.00 BT 10-day MA -*****.00 -52.00 FTSE ST Mid Cap 708.93 -2.79 FTSE ST Small Cap 529.40 -1.73 FTSE ST All Share 749.01 -6.54 FTSE ST China Top 194.58 -1.67 FTSE ST China 220.56 -3.43 FTSE ST Catalist
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 2 0 0 0 4 8 2 Manufacturing 28 55 43 1 10 11 29 65 54 Commerce 17 19 19 1 7 5 18 26 24 Tpt/Stor/Comms 10 21 7
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Oilfield Services
        460 8 UOB KayHian, Dec 10 INVESTORS can no longer ignore oilfield services in 2014. New sizeable market-cap OSV (offshore support vessel) stocks will place this sector firmly on investors’ radar screen. Apart from Pacific Radiance (PacRa SP), these stocks include: (a) soon-to-be-listed Robert Kuok’s PACC Offshore Services Holdings (POSH),
        Source: Bloomberg  -  460 words
      • Article, Illustration
        Lock icon Midas Holdings
        357 8  -  Compiled by ANDREA SOH Dec 10 close: $0.49 DBS Group Research, Dec 10 MIDAS won its first HSR contract (168 million yuan, S$34.6 million) in more than two years in October, as China resumed its high-speed railway (HSR) development programme, with more likely to come. We believe the
        Source: Bloomberg  -  357 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,547 14,547 56,644 56,644 Manufacturing 260,191 36,073 296,264 451,382 1,562 452,943 Commerce 110,235 351,765 462,000 72,568 19,361 91,929 Tpt/Stor/Comms 112,805 5,372 118,177 178,728 671 179,399 Finance 88,270 101 88,371 193,024 34 193,058 Construction 54,891 150,256
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change CapMallsAsia 1.875 -0.040 CapitaLand 2.970 -0.040 CapitaMall 1.860 -0.010 CityDev 9.700 -0.090 ComfortDelGro 1.930 +0.005 DBS Grp 16.740 -0.010 GLP 2.880 -0.060 Genting SP 1.455 -0.020 Golden Agri 0.555 HK Land 5.930 -0.130 HPH Trust US$ 0.630 -0.015 JMH 51.860 +0.070 JSH
      114 words
    • Article, Illustration
      Lock icon Sterling rises to 2-year high against US dollar
      544 8 CURRENCIES Reuters [LONDON] Sterling hit a two-year high against the US dollar yesterday as investors took upbeat comments from Bank of England (BOE) governor Mark Carney and a strong house price survey as signs that interest rates could rise earlier than previously
      Reuters; PHOTO: BLOOMBERG  -  544 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Albedo 300,344,000 Charisma Energy 148,569,000 Blumont 139,716,000 HanKore 82,945,000 Innopac 71,214,000 F&N 62,013,000 DragonGp 58,027,000 Magnus 53,987,000 Otto Marine 45,860,000 HPH Trust US$ 38,425,000 VALUE($) F&N 347,474,020 SingTel 92,499,070 DBS Grp 75,544,085 OCBC Bk 72,709,570 Ascendasreit 35,604,040 Keppel Corp 33,203,930 CapitaLand 30,996,960 HPH Trust US$ 30,574,124
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    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP GLD 10US$ ***** 187.6 1.3 Hyflux 6% CPS 10 ***** 100.0 0.9 DBXT MSINDO 10us$ 1161 28.8 2.0 DBXT FTVietnam 10US$ 2479 12.5 0.4 IS LC BND 100US$ 940 12.5 1.1 SpWindsor 38.5 10.5 37.5 Haw Par Corp 791 9.0 1.2 Hotel Prop 318 9.0
      110 words
    • Article
      Lock icon FALLS
      124 8 BY CENTS CLOSE DOWN DBXT MSJAP 10US$ 4660 -35.0 -0.6 DBXT S&P Short 10US$ 2658 -35.0 -1.0 DBS.ES.1312 1672 -28.0 -1.6 UOB 2058 -24.0 -1.2 Great Eastern 1752 -17.0 -1.0 HK Land 593 -16.3 -2.1 SIA 1008 -15.0 -1.5 Keppel Corp 1090 -13.0 -1.2 OCBC Bk 992 -12.0 -1.2
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      279 9 i 6 3 m t*v /V CRPi V V fl fe. FESTIVE DINING ATTR1PLE THREE SK three (p MERRY MOMENTS AT MANDARIN ORCHARD SINGAPORE Bring the family down to Triple Three for a delightful buffet spread this Christmas. Have a go at the Christmas special Pan-fried Marinated Duck Liver with
      279 words
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • Article, Illustration
      Lock icon Service sector doing a decent job
      707 10  -  Culture and philosophy not built overnight, but strong leadership will help: forum Reports by TEH SHI NING tshining@sph.com.sg SINGAPORE should give its service sector time to mature, given that the French took two centuries to transform from a culture of servants to one of
      PHOTO: STOCKXPERT  -  707 words
    • Article, Illustration
      Lock icon Customers can help shape the kind of service they get
      873 10 CUSTOMERS have more control than they believe over how their dining and travelling experiences turn out, say industry leaders at a recent forum organised by the Institute of Service Excellence at the Singapore Management University (ISES). But that power is
      FILE PHOTOS  -  873 words
    • Article
      Lock icon The dynamics at work behind a customer satisfaction index
      1241 10  -  By TEH SHI NING tshining@sph.com.sg IT would not surprise food and beverage (F&B) operators to hear that food quality is the factor with the biggest impact on how happy their customers are when they walk out the door. But collectively, service-related
      1,241 words
    • Article, Illustration
      Lock icon Visitors give the thumbs up
      1106 11  -  Record scores for tourism, F&B sectors driven by tourists; locals not as impressed By TEH SHI NING tshining@sph.com.sg VEN as they gear up for the year-end ringing of tills, restaurants, cafes and bars, hotels and tourist attractions have another reason to cheer happier customers. Both
      FILE PHOTO; Source: CSISG, ISES  -  1,106 words
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      116 11 ISES CORPORATE MEMBERSHIP AN AFFILIATION TO SERVICE EXCELLENCE The ISES Corporate Membership Programme brings together a selected network of Singapore's leading companies measured in the CSISG National Study. Membership entitles your organisation the benefits of collaboration on the CSISG national study and survey design together with the Institute of Service
      116 words
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      58 11 SMU SINGAPORE MANAGEMENT UNIVERSITY INSTITUTE OF SERVICE EXCELLENCE SINGAPORE MANAGEMENT UNIVERSITY A quarterly series brought to you by the Institute of Service Excellence at Singapore Management University (ISES). Featuring findings from the Customer Satisfaction Index of Singapore, it also reveals insights on leadership and strategy from industry leaders, particularly in
      58 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Far East strengthens hold in Gambas with bid for third site
      496 12  -  Its winning bid yesterday was, however, lower than price it paid for two earlier parcels By KALPANA RASHIWALA kalpana@sph.com.sg PROPERTY giant Far East Organization has strengthened its presence in Gamb as A ve n ue i n t h
      Source: URA  -  496 words
    • Article, Illustration
      Lock icon Nightlife businesses get boost from Circular Road’s traffic-free trials
      603 12  -  By CHAN YI WEN yiwenc@sph.com.sg A MONTH into its pilot test, the pedestrianisation of Circular Road on weekend nights appears to have received a mixed response from businesses in the Boat Quay area, with bars and night spots being the main
      PHOTO: YEN MENG JIIN  -  603 words
    • Article, Illustration
      Lock icon Vopak to build LPG terminal on Jurong Island
      566 12  -  By RONNIE LIM ronnie@sph.com.sg CHRISTMAS has come early for Singapore’s petrochemicals industry. Royal Vopak, the largest independent storage operator here, said yesterday that it will be building an LPG terminal to import alternative liquefied petroleum gas feedstock, which will help boost the
      FILE PHOTO  -  566 words
    • Article
      Lock icon Scania to introduce fleet managment system by Q1 2014
      259 12  -  System will enhance vehicle and driver performance By CHAN YI WEN yiwenc@sph.com.sg SWEDISH automobile manufacturer Scania has unveiled plans to bring a fleet management system to market by early next year. The system will “focus on vehicle and driver performance, targeted
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      34 12 ti-h'] $1.6 MILLION Estimated Draw on Thu, 12 Dec 2013 at 6.30pm For details, visit www.singaporepools.com.sg P L A V& Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Genting Bhd’s credit rating up a notch
      553 13  -  S&P raises group’s long-term corporate credit rating to A- from BBB+ By PAULINE NG in Kuala Lumpur AHEAD of the launch of an integrated tourism plan for its highland resort in Malaysia, Genting Bhd has received a boost in the raising of its
      553 words
    • Article, Illustration
      Lock icon Jakarta sees annual fall in imports of up to US$5b
      675 13 [JAKARTA] Indonesia’s latest fiscal policy package, which includes tax increases on imports and a new tax payment scheme for exporters, will come into force next year, with the government estimating up to US$5 billion reduction in annual imports that could
      PHOTO: BLOOMBERG  -  675 words
    • Article, Illustration
      Lock icon Education is top hurdle for M’sia: report
      494 13  -  By S JAYASANKARAN By in Kuala Lumpur THE latest World Bank report on Malaysia has made a dimmer forecast for Malaysia’s growth than economists and Malaysia’s central bank, and has identified the country’s education system as the biggest stumbling block to it becoming
      PHOTO: THE STAR  -  494 words
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      1624 13 v KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Q NEW TOWN China New Town Development Company Limited (Incorporated as a business company limited by shares under the laws of the British Virgin Islands) Hong Kong Stock Code: 1278 Singapore Stock Code: D4N.si NOTICE OF THE EXTRAORDINARY GENERAL MEETING NOTICE
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Everbright Bank raising up to US$2.8b in HK
      655 14 5.08b new shares are offered at HK$3.83 to HK$4.27 each Bloomberg [HONG KONG] China Everbright Bank Co is seeking as much as US$2.8 billion in Hong Kong’s biggest first-time share sale this year. The lending unit of state-controlled China Everbright Group is
      Bloomberg; PHOTO: BLOOMBERG  -  655 words
    • Article, Illustration
      Lock icon China Bitcoin players see money in volatility
      631 14 They remain unfazed despite US$5b value loss in just one hour AFP [SHANGHAI] Chinese speculators have seen Bitcoin value s plunge, soar and plunge again within days, but say that the virtual currency’s extreme volatility is a profit opportunity despite the white-knuckle ride.
      AFP; PHOTO: BLOOMBERG  -  631 words
    • Article
      Lock icon India seen paring deficit by selling 386b rupees of shares
      420 14 Bloomberg [MUMBAI] India can sell 386 billion rupees (S$7.89 billion) of shares in companies such as Axis Bank and Larsen Toubro by March as it seeks to narrow the budget deficit, the head of JPMorgan Chase Co’s local unit said.
      Bloomberg  -  420 words
    • Article
      Lock icon China’s power demand seen topping US and Europe’s by 2035
      256 14 Reuters [BEIJING] China’s electricity demand will double by 2026 and will overtake that of the United States and Europe combined by 2035, with cleaner fuel natural gas contributing a significant part of supply, research firm IHS said yesterday. China, the
      Reuters  -  256 words
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      1482 14 GIKEN SAKATA (S) LIMITED Co. Reg. No. *****3879W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Third Annual General Meeting of Giken Sakata (S) Limited will be held at Block 4012 Ang Mo Kio Avenue 10, #05-01 Techplace 1, Singapore *****8 on the 26th day of December
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  • WORLD
    • Article, Illustration
      Lock icon US luxury market falters as the rich hold back
      723 15 Affluent shoppers not spending more on gifts even amid wealth effect Bloomberg [WASHINGTON] This holiday season, it’s not just low-income shoppers who are pulling back on spending for loved ones and themselves. Wealthy folks are watching their dollars, too. While the
      Bloomberg; PHOTO: AFP  -  723 words
    • Article, Illustration
      Lock icon F1 to give double points for final race
      609 15 Reu ters [LONDON] Formula One is to award double points for the last race of the season in a controversial attempt to keep championships undecided to the very end after four years of Red Bull domination. The novelty, immediately dismissed by some
      Reuters; PHOTO: AP  -  609 words
    • Article
      Lock icon Bipolar yen holds key to forex traders’ bottom line again
      797 15 Bloomberg [TOKYO] The secret to success in the US$5.3 trillion a day foreign exchange market may lie in Japan for traders suffering the second-worst year of losses on record. Japan’s yen has been either the best or worst performer among
      Bloomberg  -  797 words
    • Article, Illustration
      Lock icon EU ministers haggle over creation of Banking Union
      702 16 They’re close to agreeing on a deal to wind down struggling banks AFP [BRUSSELS] EU finance ministers voiced optimism yesterday they can overcome deep-seated differences to forge a historic Banking Union to curb the excesses of the financial crisis and get the
      AFP  -  702 words
    • Article, Illustration
      Lock icon GM names Mary Barra as CEO
      404 16 Bloomberg [DETRIOT] General Motors named Mary Barra to succeed Dan Akerson as chief executive officer, making her the first female CEO in the global automotive industry. Mr Akerson is retiring on Jan 15, and Tim Solso was named chairman. Ms Barra beat out Mark
      Bloomberg; PHOTO: REUTERS  -  404 words
    • Article
      Lock icon Johnson & Johnson, Novartis fined over generic drug deal
      279 16 Johnson Johnson, Novartis fined over generic drug deal Reuters Bloomberg [BRUSSELS] European Union (EU) regulators fined drugmakers Johnson Johnson and Novartis 16.3 million euros (S$28 million) for blocking the sale of a cheaper generic painkiller and warned others against such anti-competitive deals. This is the second penalty by the European
      Reuters; Bloomberg  -  279 words
    • Article
      Lock icon Lloyds sells St James’s Place stake for £680m
      508 16 Bank to focus on its retail commercial core businesses Bloomberg [LONDON] Lloyds Banking Group, Britain’s largest mortgage lender, has sold its remaining stake in St James’s Place for about £680 million (S$1.39 billion) as it focuses on its main retail and commercial
      Bloomberg  -  508 words
    • Article
      Lock icon Volcker rule’s final 900-page version ready
      499 16 Reuters [WASHINGTON] Wall Street banks will need to prove to regulators that their trades are done on behalf of clients or to protect against market risks and are not speculative bets for their own profit, under the final version of the Volcker rule released
      Reuters  -  499 words
    • Article
      Lock icon Australia gives nod to dredging near Great Barrier Reef
      430 16 Reuters [SYDNEY] Australia yesterday approved major dredging work to expand a coal shipping port adjacent to the Great Barrier Reef in a bid to attract more coal mining. The nod for further dredging at the Abbot Point port follows agreements not
      Reuters  -  430 words
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      Lock icon Americans’ wealth reaches record levels
      537 17 Surge in share and home values push up total by 2.6% to US$77.3t in Q3 AP [WASHINGTON] A surging stock market and a steady recovery in home prices drove Americans’ wealth to a record last summer. The nation’s wealth rose 2.6 per cent from July
      AP; PHOTO: AFP  -  537 words
    • Article
      Lock icon Online-dating site Zoosk plans IPO in the US next year
      414 17 Bloomberg [NEW YORK] Zoosk Inc, the online-dating site that gained popularity by helping make romantic links between Facebook users, is seeking to create its own connection with investors in public markets. The San Francis-co-based company, which offers to match people
      Bloomberg  -  414 words
    • Article
      Lock icon Big Brother’s watching you, gamers
      590 17 US, UK spying in popular online games like WoW AP [LONDON] American and British intelligence operations have been spying on gamers across the world, media outlets reported, saying that the world’s most powerful espionage agencies sent undercover agents into virtual universes to monitor activity in
      AP  -  590 words
    • Article, Illustration
      Lock icon Stimulus still needed but this raises housing risks: Carney
      430 17 Bloomberg [SYDNEY] Bank of England (BOE) governor Mark Carney says the UK still needs a lot of stimulus as it confronts headwinds from Europe, from the currency and households deleveraging, which can create risks for the housing market. “We need to
      Bloomberg; PHOTO: REUTERS  -  430 words
    • Article
      Lock icon US cyber security firm reports hacking case
      640 17 Reuters [BOSTON] Chinese hackers eavesdropped on the computers of five European foreign ministries before last September’s G-20 Summit, which was dominated by the Syrian crisis, according to research by computer security firm FireEye Inc. The hackers infiltrated the ministries’ computer networks by sending
      Reuters  -  640 words
    • Article
      Lock icon ‘Murdochisevil’ found in newspaper wordsearch
      155 17 AFP [SYDNEY] Rupert Murdoch has made enemies in his rise to become the world’s most powerful media baron, and that apparently includes someone at his Sunday Telegraph newspaper in Australia. Social media was abuzz yesterday after eagle-eyed readers of the children’s Funday puzzle section in
      AFP  -  155 words
  • Page 15 Advertisements
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      24 15 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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      967 15 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the Matter of The Companies Act, Cap 50 And In the Matter of ARROW ASIA OPPORTUNITY FUND LIMITED (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1174G) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
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  • EDITORIAL & OPINION
    • Article
      Lock icon Unilateral air defence zones add to tensions
      507 18 EDITORIAL US Vice-President Joe Biden stopped short of calling for China to dismantle its new air defence identification zone (ADIZ) during his trip to Beijing last week. But it is clear from subsequent news reports that the air defence zone was discussed during
      507 words
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      Lock icon The clash of generations intensifies in the US
      773 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THE United States is locked in a generational war, which will get worse before it gets better. Indeed, it may not get better for a long time. No one wants to admit
      The Washington Post Writers Group  -  773 words
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      Lock icon US Fed’s stimulus likely to end soon
      784 18  -  Expectations rise after new jobs report points to growing economic momentum LEON HADAR Washington Correspondent FOR the first time since President Barack Obama declared in the aftermath of the Great Recession that the American economy was on its way to recovery, it now
      PHOTO: AFP  -  784 words
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      Lock icon China’s No. 1 mission: good governance
      1405 19  -  As Singapore has shown, this requires an iron political will, and being constantly vigilant and unyielding to corruption By NGIAM TONG DOW The writer is a former senior civil servant in Singapore. This article is adapted from a lecture-cum-seminar he delivered to 42 Executive
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      Lock icon Why make Germany the scapegoat?
      784 19  -  DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate COULD Germany, which accounts for one per cent of the world’s population and less than 5 per cent of its gross domestic product (GDP), actually be responsible for the sorry
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  • Transport HUB
    • Article, Illustration
      Lock icon The world needs places of refuge
      738 20  -  STRAIT TALK By DAVID HUGHES ON MONDAY, newly elected International Salvage Union (ISU) president Leendert Muller told journalists in London that salvors strongly believed there must be progress on the issue of “places of refuge”. These are sheltered coastal areas of water where salvors
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    • Article
      Lock icon China ups subsidy for scrapping old ships by 50%
      300 20 Bloomberg [HONG KONG] China, the world’s biggest shipbuilding nation, will increase cash subsidies for scrapping obsolete ships by 50 per cent to help cut overcapacity and emissions. The government will grant 1,500 yuan (S$309) per gross ton for shipping companies to
      Bloomberg  -  300 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 20 SGX '000 Dec 10 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 -0.01 37 s$ Cwt Limited 1.30 0.02 307 Vol First Ship Lea 0 42 Grand Banks...............0.22 0.01 51 Jaya Hold Ltd 0.68 0.01 815 K1Ventures 0.19 unch 142 Keppel Corp 10.90 -0.13 3038 Mercator Lines.........unch
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    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon 930m more passengers to fly by 2017
        410 21 Asia-Pacific traffic to account for nearly one-third of global passengers: Iata By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Airlines are expected to carry 930 million more passengers by 2017, taking the total number of passengers to 3.91 billion, with Asia-Paci-fic accounting for nearly a third
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      • Article
        Lock icon Qantas bond risk flies as S&P cuts rating to junk
        492 21 Shares drop to record low as default risk rises on expectation of losses Bloomberg [SYDNEY] Qantas Airways Ltd’s bond risk climbed above lower-rat-ed British Airways Plc for the first time since 2007 as Australia’s largest carrier considers asset sales to
        Bloomberg  -  492 words
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        Lock icon American Airlines targets more corporate customers
        468 21 Reuters [DALLAS] American Airlines, the world’s biggest airline after AMR Corp’s merger with US Airways, intends to take advantage of its broad global network to win more corporate customers, the company’s president has said. American Airlines’ parent AMR Corp and US Airways sealed their
        Reuters; BLOOMBERG FLE PHOTO  -  468 words
      • Article
        Lock icon Asiana crash hearing to examine deadly turn by automation
        390 21 Bloomberg [WASHINGTON] US investigators were set to focus on how the pilots acted and whether they were misled by an automated speed-con-trol system in a two-day hearing which started yesterday on the July 6 crash of an Asiana Airlines Inc plane
        Bloomberg  -  390 words
      • Article
        Lock icon EADS to cut 5,800 jobs over next 3 years
        605 21 Airbus parent layoffs due to lower military budgets in Europe NYT [PARIS] The European Aeronautic Defence and Space Company (EADS), parent company of Airbus, has announced plans to cut 5,800 jobs from its military and space divisions over the next three
        NYT  -  605 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon GM undecided on closing Aussie plants
        529 22 Canberra demands it makes its plans beyond 2016 clear Reuters [MELBOURNE] General Motors said yesterday it has made no decision on whether to stop making cars in Australia after 2016, provoking an angry reaction from the Australian government which demanded that the US carmaker
        Reuters; PHOTO: REUTERS  -  529 words
      • Article, Illustration
        Lock icon GM’s bailout over as govt sells last shares
        659 22 Company officials relieved it will no longer be known as Government Motors NYT [DETROIT] The US government’s bailout of General Motors (GM) ended on Monday with the Treasury Department’s announcement that it had sold its final shares of GM stock. The sale
        NYT; PHOTO: AP  -  659 words
      • Article, Illustration
        Lock icon China car sales surge as Japan carmakers extend recovery
        428 22 Bloomberg [SHANGHAI] China’s pas-senger-vehicle sales rose 16 per cent in November as Japanese carmakers extended their recovery in the world’s largest auto market. Wholesale deliveries of cars and multipurpose and sport utility vehicles climbed to 1.7 million units last month, the
        Bloomberg; PHOTO: AP  -  428 words
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      8 20 IN THE MORNING -WEEKDAYS 6 AM-10AM-D facebook.com/kiss92fm www.kiss92.sg
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      65 20 Into its 11thedition Participate In Singapore’s MEGA FOOD Participate In BEVERAGE FAIR SUNTEC Singapore Halls 401-403 27th Feb 2nd Mar 2014 Book Now *Limited Booths Available! *****620 or Email: sales@exhibitsinc.com.sg Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD FOOD FAIR AND CONSUMER ELECTRONICS EXHIBITION) BLOCK 8, LORONG
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      21 20 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticesd>sph.com.sg.
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      349 20 CRYPTIC CROSSWORD Across 1 Hit! Tenor bowed (7) 5 Small bunk’s something a soldier might be given (7) 9 As Melanie’s hugging Anton’s heart softens (5) 10 Youth’s twisted hooch lid, beginning to drink (9) 11 After start of lecture he praised, worryingly, what Thatcher showed? (10) 12 Only a
      349 words
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      109 22 Men’sHealthsimmRE URBANATHLON 2014? MENSHEALTH.COM.SG THE TOUGHEST URBAN RACE EVER! 14KM ROUTE, 9 URBAN OBSTACLES F/j ?923 V MAR 2,2014 (SUN) »7AM NIGOLL HIGHWAY THIS YEAR’S RACE IS GUARANTEED TO RE YOUR TOUGHEST EVER, WITH 5 NEW OBSTACLES AND A MYSTERY CHALLENGE! All participants will receive a race pack worth over
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  • Article
    Lock icon Shipping Times
    2286 23 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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      155 23 J e b e Shanghai■ LaemChabang■ Chittagong l A l i■ Port Klang J e d d a h B r is b a n e NYK RORO &Conventional ServiceREGULAR SERVICE TO H a m b a n t o t a REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea,
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      18 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 24 Advertisements
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      73 24 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to
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      18 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3069 25 Transaction date: Dec 10 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 AAT 15 11.5 8Telecom Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld 11.5 7
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    • Article
      Lock icon SGX CATALIST
      256 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day 2.4 1.1 t Advanced System 1.2 unch 100 1.2 1.2 1.1 1.2 19.1 Div Gr Yld Net
      256 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11340 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.48/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond *****/ Asian Smaller Cos! China Opportunities!' 1 9062/ 2.851/ FM local Ccy Bond .0 8944/ European Opportunities!" 1 2623/ Global
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      Lock icon GLOBALQUOTE
      262 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 31.9 AVJennings A58 unch 8 58 58 58 59 3.6 6 4.7 214.7 52 31.5 Genting HK US$ US42.5 -2 9156 44.5 41.5 42 42.5 2798.4
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    • Article
      Lock icon SGX ETF
      873 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 123 107.1 ABF SG Bond ETF 113 +1 6 113 113 112 113 515.8 143 127.7 CIMB APAC Div 100S$D 129 126 126.9 114.4 99.2 CIMB
      873 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      725 27 Dec 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.97 *****.97 *****.06 Dec13 *****.00 *****.00 *****.00 *****.00 *****4 *****2 Mar14 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 297.55 297.90 296.59 Dec13 297.20 298.00 296.20 297.70 ***** *****5 Jan14 296.30
      725 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 9 Index Change Change Change Change Change Change World Preliminary 1153.9 0.3 23.0 0.3 23.7 0.4 20.9 EAFE Preliminary 926.2 0.4 19.6 0.4 18.4 0.5 15.8 Europe Preliminary 1312.4 0.2 14.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Dec 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.966 5.516 0.661 7.044 55.675 108.884 0.938 9.559 2.916 1.097 97.973 40.228 1.136 9.428 0.808 26.892 29.145 0.552 0.909 Canada 1.035 5.709
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    • Article
      Lock icon SIBOR
      38 27 Dec 10 (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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      Lock icon GOVERNMENT SECURITIES
      82 27 Dec 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****F 13-Jun-14 0.28 1-Year BY*****T 31-Oct-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.66 5-Year N*****0T 0.5 01-Apr-18 98.85 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      136 27 Dec 10 GOLD(US$/oz) Dec 10 Dec 09 Hong Kong 1253.00 1238.00 Dec 09 Dec 06 London 1235.49 1235.30 1236.71 1235.80 Source: Thomson Reuters CAST BAR Dec 10 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 112 50 5gm 319 249 10gm 570 499
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    • Article
      Lock icon PALM OIL
      57 27 Dec 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2615.0 2608.0 2620.0 2615.0 80 2281 Jan 14 2615.0 2626.0 2651.0 2615.0 2699 ***** Feb 14 2645.0 2639.0 2664.0 2627.0 ***** ***** Mar 14 2648.0 2643.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Dec 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1357 1.1371 0.9083 0.9087 Canadian dollar 1.1755 1.1770 0.9406 0.9401 Euro 1.7190 1.7207 1.3748 1.3750 NZ dollar 1.0348 1.0364 0.8276 0.8282 Sterling pound 2.0563 2.0582 1.6445 1.6447
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 27 Dec 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1343.75 1325.50 1346.75 1324.50 Mar 14 1326.75 1310.50 1330.00 1308.50 May 14 1311.75 1296.50 1315.00 1294.75 Jul 14 1299.75 1287.75 1303.00 1286.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • Article
      Lock icon LIFFE
      94 27 Dec 9 COCOA (£/tonne) Close Prev High Low Dec 13 1702 1742 1739 1703 Mar 14 1726 1762 1758 1725 May 14 1724 1760 1755 1723 Jul 14 1723 1758 1752 1722 COFFEE(US$/tonne) Close Prev High Low Jan 14 1769 1721 1785 1723 Mar 14 1723 1694 1728 1683
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1133 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 21 -6.5 20 0.0 5 -81 55 Asia-Pacific Strategic W*****6 0.4 1 123 366 66.25 5 Ratio Albedo Limited W*****9 Price Ascendas Reit MB ECW*****3 Disc Asiatic Grp(Hldgs)
      1,133 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Dec 09 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.90 -1.20 WTI (Near Mth) 97.44 -0.20 Dubai (1-Mth F) 107.25 -0.04 Tapis blend 116.83 -0.43 Minas 110.63 -0.43 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.11 0.11 Jet Kerosene 127.52 -0.26 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Dec 10 S$ Bid Offer 1-month 1.2504 1.2514 2-months 1.2503 1.2513 3-months 1.2503 1.2513 6-months 1.2499 1.2510 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 Dec-09 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1747.25 1734.75 3 months 1793.00 1779.00 Copper, Grade A(US$/tonne) Cash 7136.25 7119.75 3 months 7135.00 7122.00 Lead(US$/tonne) Cash 2084.75 2066.75 3 months 2110.00 2093.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 27 As at 9am Dec 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.164 1.109 Can dollar 1.197 1.151 Euro 1.755 1.672 Sterling pound 2.090 2.010 NZ dollar 1.059 1.019 US dollar 1.274 1.214 Local dollars to 100 units of foreign
      127 words
    • Article
      Lock icon INTERBANK RATES
      157 27 Dec 10 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.02 US$ 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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      61 28 16 18 July 2014 Marina Bay Sands, Singapore ASIA www.OfficExpoAsia.com Singapore’s finest dedicated event for total office and business solutions Be involved. Exhibit with Us. Email: OEA@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel:
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      14 28 www.omy.sg SL m I BSP«)*niW f ttWi* bh&b App Store USDS.99 Google Play S$7.99
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      Lock icon Page 28 Advertisements Column 3
      69 28 [ip ‘p'OP rr W- PO U—-> c H~o C 1 O j FIND THE ONES J L ~> I J L LS i i THAT FIT! Recruit the right people through CATS Recruit Call 1800 289 8822 or email recruit@sph.com.sg to advertise. WATS i c r 1 O i u
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      648 29 Opportunities. It’s about looking in the right places. At UBS, we go beyond the expected. With a proven track record, the UBS Equity China Opportunity Fund* has delivered performance for our investors. Besides investing in large-cap stocks, we also strive to uncover the gems in small and mid-cap stocks. *Refers
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  • executive Money
    • Article, Illustration
      Lock icon Bargains lure US funds to Europe
      1395 30 Investors attracted to companies with low valuations and high dividends, betting that the region’s rally is just starting Bloomberg [NEW YORK] AMERICANmutualfunds are scouring Europe for bargains, snapping up Dutch oil drillers, French drugmakers and Swiss food producers on speculation that the region’s rally
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    • Article, Illustration
      Lock icon The asset allocation conundrum
      1389 28  -  A traditional balanced portfolio calls for a 60/40 combination of stocks and bonds, but there are times when deviation is needed MONEY MATTERS ROY VARGHESE The writer is an independent fee-based adviser. He can be contacted at royvarghese@ifastfinancial.com FOR the last six decades, the science of
      BT FILE ILLUSTRATION  -  1,389 words
    • Article, Illustration
      Lock icon Returns depend on composition of assets
      258 28 THERE are two main decisions to be made for a tactical asset allocation for individuals. The first is the modified split between asset classes, which deviates from the strategic asset allocation to take into account the macroeconomic assumptions in the near term. The second
      Source: iFAST Financial Pte Ltd  -  258 words
    • Article, Illustration
      Lock icon Private banks branch out to serve other financial intermediaries
      702 29  -  UBS sees 50% annual growth in Asian FIM business, way ahead of the 30% global average By GENEVIEVE CUA gen@sph.com.sg PRIVATE banks’ core business undoubtedly centres around the servicing of wealthy clients. But a number of banks are branching out to
      702 words
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      Lock icon Beating the market, as a reachable goal
      710 29 NYT [NEW YORK] Robert A Olstein finds the arguments for index funds personally insulting. “What do you mean I can’t beat the market?” he says angrily. A forensic accountant-turned-mutual fund manager, he doesn’t aim to do as well as everybody else. “That’s mediocrity,”
      NYT  -  710 words
  • Page 30 Advertisements
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      106 30 Wherever your American dream takes you, we’ll fly you there. With a network serving 42 destinations* across North America including daily flights to New York, Washington and Boston via Dubai you can be assured that you’ll arrive in comfort and ready to realise your American dream. Fly Emirates to your
      106 words