The Business Times, 13 December 2013

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Total Pages: 37
1 38 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, December 13, 2013
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  • 1137 1  -  Compared with previous cooling measures, TDSR had the biggest impact on the market in 2013 YEAR IN REVIEW: PROPERTY By MINDY TAN tanmindy@sph.com.sg [SINGAPORE] Coming on the heels of a dramatic year peppered with policies aimed at cooling the property market
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  • 746 1  -  By in LEE U-WEN in Seoul leeuwen@sph.com.sg FOREIGN investors are watching closely to see how Singapore responds to last Sunday’s rioting in Little India, said Prime Minister Lee Hsien Loong yesterday. The incident has triggered much interest from abroad, and understandably so because
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,059.04 (-1.70) HST INDEX FUTURES 3,053.00 (-2.00) GSIMSCI 353.22 (+0.85) GSIMSCI FUTURES 351.50 (+0.60) US$ S$ US$ (S$ per US$) 1.253 (US$/S$ per 1.640 2.054 EURO (US$/S$/€ 1.380 1.729 Foreign currency per US$ S$ YEN 102.80 82.10 RM 3.226 2.575 HK$ 7.754 6.191 BAHT 32.10 25.63 RUPIAH
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    • 48 1 Thursday Change KL COMP 1,833.87 -8.95 NIKKEI 225 15,341.82 -173.24 HANG SENG 23,218.12 -120.12 SET INDEX 1,356.21 -13.14 JAKARTA COMP 4,212.22 -59.53 MANILA COMP 5,762.53 -126.21 SEOUL COMP 1,967.93 -10.04 SHENZHEN B 880.79 -4.75 MUMBAI IND 20,925.61 -245.80 11am EST Change DOW 15,771.51 -72.02 NASDAQ 4,009.26 +5.45
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    • 20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 JAPAN 14.778 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg
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  • Page 1 Advertisements
    • 132 1 COMPANIES Emerging markets down but not out PAGE 7 OPINION Japan still has Asean role to play PAGE 21 US DATA November retail sales hit 5-month high PAGE 16 SERVICE OUTAGE SingTel’s mio TV fined a record $220,000 PAGE 4 Tips from top art collectors EXECUTIVE LIFESTYLEIPAGE 38 BT’s CATS
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  • TOP STORIES
    • 896 2  -  Iata raises its 2014 forecast to a sector-high of US$19.7b; sees 2013 turning in US$12.9b By NISHA RAMCHANDANI in Geneva nishar@sph.com.sg THE fortunes of the aviation industry are taking a turn for the better with airlines expected to chalk up
      PHOTO: AP  -  896 words
    • 288 2 Quieter year seen ahead for property COMING on the heels of a year peppered with policies aimed at cooling the property market, 2014 appears poised to be a more subdued year. FRONT PAGE Investors will watch riot response: PM FOREIGN investors are watching closely to see how Singapore
      288 words
    • 401 4  -  May disruption amid Arsenal-Wigan EPL match lasted 9 hours, affecting some 26,000 subscribers By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] SingTel’s mio TV has been hit with a $220,000 fine for its May outage by the Media Development Authority (MDA) breaking yet another
      401 words
    • 637 4 They will ensure taxpayers don’t pay for lenders’ errors AFP [STRASBOURG] European Union lawmakers have reached an agreement on rules for handling failing banks that lay the foundation for the bloc’s push to make sure taxpayers don’t foot the bill when
      AFP; PHOTO: REUTERS  -  637 words
    • 769 4  -  Cooling-off steps to keep workers away from Little India RIOTING IN LITTLE INDIA By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] The Ministry of Manpower (MOM) has encouraged the major dormitory operators here to provide more recreational activities for their for-eign-worker residents this
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  • Page 2 Advertisements
    • 325 2 Save S$893 in taxes by the end of the year! o£ c 31 iving. Breathing Asia We are making it more rewarding to save with a chance to win a year of free taxes All you have to do is contribute up to S$12,750 into your Supplementary Retirement Scheme (SRS)
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  • Page 3 Advertisements
    • 102 3 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIGUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRI-DIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRY WITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCKRESISTANCE IS COMBINED WITH THE ELEGANCE OF
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  • Page 4 Advertisements
    • 65 4 HIS JOHANN STRAUSS ORCHESTRA < §SS& 4 new ways to buy tickets at Singapore Indoor Stadium ANDRE RIEU i 1. Online at SPORTSHUBTIX.SG or ANDRERIEU.COM 2. Charge by phone +65 6333 5000 3. Box Office inside the Singapore Indoor Stadium 4. Outlets at Singpost locations (Check Sportshubtix.sg for locations) DVD
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  • COMPANY NEWS
    • 833 5  -  Australian firm Pharmaxis tops the list, down 91% over the last year By ANGELA TAN angelat@sph.com.sg IT could be a great year ahead for short-sellers. These traders who make money on a falling stock price are betting against what they see
      Source: Markit  -  833 words
    • 290 5  -  By CHAN YI WEN yiwenc@sph.com.sg Singapore’s homegrown seafood restaurant chain Jumbo Group, known for its famed chilli crab and pepper crab dishes, has opened its first overseas Jumbo Seafood outlet in Shanghai. And in what may well be its recipe of
      290 words
    • 857 7  -  Opportunities next year but Europe and Japan deemed better bets for now Reports by CAI HAOXIANG haoxiang@sph.com.sg EMERGING-MARKET stocks may be down due to political uncertainties and Fed-tapering fears but they are not out. Market strategists say buying opportunities could come next year. But
      857 words
    • 535 7 Analysts upbeat but indicator points to possibility of a sharp fall IF you bought nothing but US equities this year, you would have been up 30 per cent on average. The S&P 500 index is trading at an all-time high of about 1,800
      Source: Robert Shiller (Yale University), Datastream, SG Cross Asset Research/ Global Asset Allocation  -  535 words
    • 436 8  -  The state-of-the-art ‘Can Do’ is slated to be ready in 2016 By LISA LEE lisalcc@sph.com.sg KEPPEL Corp’s offshore shipyard subsidiary Keppel Fels is to start building its first drillship sans contract, but analysts say the move is a sign that a firm contract
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    • COMPANY BRIEFS
      • 53 8 SINGAPORE Press Holdings (SPH) has raised its stake in radio station operator SPH UnionWorks to 100 per cent, or just over 8 million shares, from 92.9 per cent. It bought 570,000 shares from NTUC Media Co-operative for $250,000 comprising cash and advertising airtime on SPH
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      • 82 8 THERE is no change to the 30 constituents of the Straits Times Index (STI) following a quarterly review. The STI reserve list comprising the five largest non-STI constituents are Keppel Land, Ascendas Real Estate Investment Trust, UOL Group, Yangzijiang Shipbuilding Holdings and CapitaCommercial Trust, ranked
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      • 67 8 CONSTRUCTION and property company KSH Holdings has secured a $42.5 million contract from United World College South East Asia (UWCSEA) to add a five-storey building to its Dover Road campus. Work is expected to start this month and take 20 months. KSH’s existing construction order book,
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    • 438 8  -  But they will result in positive sovereign rating action By in PAULINE NG in Kuala Lumpur FURTHER fiscal consolidation and a slowdown in Chinese demand for commodities will affect Malaysia’s economic growth next year, according to Nomura Equity Research. The economy is
      438 words
    • 343 8  -  By KENNETH LIM kenlim@sph.com.sg YOMA Strategic Holdings has long been known as a Myanmar property play, but a single industry is no longer enough for the company. Yoma said yesterday that it had set up a second after-sales service centre for Mitsubishi vehicles in
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    • 291 8  -  By ONG CHOR HAO ongch@sph.com.sg KEPPEL Reit has achieved full occupancy at its five Singapore properties, after Ocean Financial Centre (OFC) became fully leased. The manager for the commercial real estate investment trust, Keppel Reit Management, said yesterday that both the office and the newly
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    • 103 5 I H w “I THINK THE DURATION OfAN HOUR SHOULD BE A PERIOD OF PLAY. IT SHOULD BE A CELEBRATION FOR THAT ONE SPECIFIC HOUR IN LIFE AND SO YOU SHOULD HAVE SOMETHING ON YOUR WATCH, SOMETHING EXCITING, THRILLING AND ENGAGING TO REPRESENT IT.” W W W U RWERK.COM C
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  • SINGAPORE MARKETS
    • 549 6  - STI falls again by a hair’s breadth Index’s 1.7-point decline makes it eighth in a row; short-covering moves trading activity STOCKS KENNETH LIM kenlim@sph.com.sg Correspondent OF ALL the near misses in the history of near misses, yesterday’s market had to have been one of the nearest misses to ever nearly
      Source: Bloomberg  -  549 words
    • 4 6 DAILY
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    • 77 6 Dec 12 VALUE CLOSE BT OB/OS -740.00 -88.00 BT CADI -*****.00 -25.00 BT 10-day MA -*****.00 -74.00 FTSE ST Mid Cap 702.07 -0.66 FTSE ST Small Cap 525.03 +0.02 FTSE ST All Share 743.16 -0.42 FTSE ST China Top 193.31 +1.65 FTSE ST China 219.29 +1.58 FTSE
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    • 60 6 VOLUME Charisma Energy 341,499,000 Otto Marine 238,466,000 Vallianz Hldgs 152,408,000 KLW Hldgs 125,495,000 Blumont 76,271,000 Asiasons 74,270,000 Golden Agri 56,012,000 HPH Trust US$ 53,931,000 SingHaiyi 49,914,000 Infinio 43,000,000 VALUE($) DBS Grp 107,114,055 SingTel 85,345,570 OCBC Bk 83,723,930 UOB 45,783,928 HPH Trust US$ 42,992,466 Keppel Corp 31,107,872 Golden
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 5 0 0 0 3 6 5 Manufacturing 38 38 42 4 4 11 42 42 53 Commerce 12 21 22 5 2 3 17 23 25 Tpt/Stor/Comms 11 17 7
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    • BROKERS’ TAKE
      • Article, Illustration
        309 6 Dec 12 close: S$10.86 DMG Partners Research, Dec 12 KEPPEL Corp said its unit, Keppel FELS, is going ahead with the construction of the Can Do drillship without a contract in hand. The drillship is expected to be completed in 2016. Management has received positive feedback from customers
        Source: Bloomberg  -  309 words
      • 326 6 Dec 12 close: S$2.47 CIMB Research, Dec 11 WE think that there is a possibility that Far East Organization, Yeo Hiap Seng’s (YHS) major shareholder, will privatise the company to facilitate its sale to a strategic buyer. The other alternative is to maintain the status quo and
        326 words
      • 216 6  -  Compiled by ANDREA SOH Dec 12 close: S$0.90 UOB Kay Hian Research, Dec 12 AFTER its outperformance year to date, we think the stock’s current valuations reflect its solid fundamentals and good prospects. FY2014 will be a year of new contract wins and full-year contributions from Merimen Ventures
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    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,531 13,531 49,170 49,170 Manufacturing 369,949 139,634 509,583 102,747 4,509 107,256 Commerce 83,291 186,894 270,185 72,151 24,026 96,177 Tpt/Stor/Comms 130,630 5,917 136,547 185,621 711 186,332 Finance 38,316 69 38,385 253,343 24 253,367 Construction 45,720 346,585
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    • 115 6 Stock name Close Change CapMallsAsia 1.905 +0.030 CapitaLand 2.960 -0.010 CapitaMall 1.850 CityDev 9.510 -0.120 ComfortDelGro 1.925 -0.005 DBS Grp 16.600 +0.040 GLP 2.890 +0.040 Genting SP 1.460 +0.015 Golden Agri 0.565 +0.025 HK Land 5.800 -0.080 HPH Trust US$ 0.640 +0.025 JMH 50.600 -1.310 JSH
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    • 512 6 CURRENCIES Bloomberg [EDINBURGH] The euro retreated from near a six-week high against the US dollar yesterday, as data showed industrial production in the 17 nations that share the currency contracted in October, highlighting the uneven nature of the economic recovery. Europe’s currency weakened against
      Bloomberg; PHOTO: BLOOMBERG  -  512 words
    • 111 6 BY CENTS CLOSE UP DairyFarm 984 46.3 3.9 DBXT S&P Short 10US$ 2685 33.8 1.0 UOB 2046 20.0 1.0 SPDRS S&P 500 10US$ ***** 12.5 0.1 Hyflux 6% CPS 10 ***** 10.0 0.1 UIC 299 6.0 2.0 UOL 602 6.0 1.0 China XLX 38 5.5 16.9 MSC 100 105
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    • 127 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -363.1 -2.7 JMH 5060 -164.0 -2.5 JSH 3130 -100.2 -2.5 Lyxor China H 10US$ 1469 -68.9 -3.6 DBXT MSTHAI 10US$ 1857 -51.3 -2.2 Lyxor ThaiSET 10US$ ***** -43.8 -0.3 DBXT FTVietnam 10US$ 2432 -33.8 -1.1 Jardine C&C 3408 -32.0 -0.9 DBXT
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    • 5 6 DAILY
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 112 8 SP1 1 PEEL OFF THE SIDES FORA 1 Have Yourself A Christmas Treat! r **i A sps M fm V 2 buzz Z &»ooar +HELLO K/TTY CAM^P 0X K, NECT HAVE YOURSELF A TREAT! Promotion period: 4th December 2013 30th December 2013 Terms Conditions apply. While Stocks last. Including weekends
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  • SINGAPORE NEWS
    • 554 9  -  He also hopes that Korea-S’pore free trade agreement could be enhanced By LEE U-WEN By in Seoul leeuwen@sph.com.sg SINGAPORE wants a strong air-services agreement with South Korea, one that would help feed the growing demand for business and leisure travel between
      PHOTO: LIM KOK MENG/LIANHE ZAOBAO  -  554 words
    • 274 9  -  By MINDY TAN tanmindy@sph.com.sg THE only atrium shop space located on the ground floor of Sim Lim Square is being launched for sale by expression of interest. CBRE, the sole marketing agent for the sale, said it expects to
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    • 234 9  -  By MINDY TAN tanmindy@sph.com.sg THREE industrial sites in Tuas South received top bids in the $90 range at the close of their individual tenders yesterday. The sites, which are zoned for Business 2 use, with a 1.0 plot ratio, have a tenure of
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    • 381 9  -  By JACQUELYN CHEOK jaccheok@sph.com.sg ANDROID has triumphed over Apple’s iPhone in the battle for mobile advertising market share, according to the latest State of Mobile Advertising report by global mobile ad platform Opera MediaWorks. The report, which highlights significant trends in mobile advertising in
      381 words
    • 595 9 IFR [HONG KONG] Sovereign offshore debt issuance may nearly double in 2014 after a dry year in which only Indonesia and South Korea brought deals. “We expect up to US$8-12 billion of sovereign issuance in 2014, up from US$6.5 billion this year. Issuance
      IFR  -  595 words
    • 565 9  -  By CHAN YI WEN By yiwenc@sph.com.sg IN the next 12 months, those with specialist skills such as digital marketers, data analysts and IT specialists will be the most sought after by employers in Singapore, more than in any other country in
      565 words
    • 508 9  -  By SIOW LI SEN lisen@sph.com.sg CITI Singapore has won, for the second time, the tender to be the government’s plastic-payment provider. Officials of public sector agencies will thus use Citi’s credit cards for travel-relat-ed purchases and procurements, Citi said yesterday.
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  • Page 9 Advertisements
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  • MALAYSIA/INDONESIA
    • 404 10 Reuters [JAKARTA] Indonesia’s central bank kept its key interest rates unchanged yesterday, as expected, and said it will act to strengthen its monetary policy response if an expected tapering in US stimulus threatens to spark capital outflows from the country. South-east Asia’s largest economy
      Reuters  -  404 words
    • 453 10  -  Bloomberg TV M’sia aims to fill gap for ‘high-quality, marketmoving biz news’ By S JAYASANKARAN in Kuala Lumpur BLOOMBERG Television and Malaysia’s Encorp Group will launch the country’s first business channel –Bloomberg Television Malaysia next year. Bloomberg Television is a 24-hour business
      PHOTO: THE STAR  -  453 words
    • 740 10 Bloomberg [KUALA LUMPUR] Malaysia’s second-largest corporate sukuk sale this year will test investor demand after benchmark yields rose to the highest since 2010 and inflation accelerated. Tenaga Nasional Bhd plans to raise RM3.7 billion (S1.4 billion) as soon as
      Bloomberg  -  740 words
  • Page 10 Advertisements
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  • GREATER CHINA/INDIA
    • 349 11 Reuters [HONG KONG] Shares in China Cinda Asset Management Co Ltd surged as much as 24 per cent in their trading debut yesterday, boosted by heavy demand from retail investors a major success for China’s first attempt to list one of its four bad
      Reuters; PHOTO: AP  -  349 words
    • 380 11 Definition of insider enlarged to include staff and relatives Reu ters [MUMBAI] India’s financial market regulator unveiled new proposals on Wednesday, broadening the scope of who can be held liable for insider trading violations, as it steps up its fight against securities fraud. The Securities
      Reuters  -  380 words
    • 261 11 Bloomberg [SEOUL] Samsung Electronics Co built the world’s largest smartphone business by tapping China’s cheap and abundant workforce. Not for much longer: it’s shifting output to Vietnam to secure even lower wages and defend profit margins as growth in sales
      Bloomberg  -  261 words
    • 502 11 Move part of drive to restructure China industries, restore market confidence Reuters [SHANGHAI] China’s chief security regulator will liberalise rules governing mergers and acquisitions (M&A) of listed companies, and encourage the use of preferred shares and M&A funds for investments, the official Shanghai
      Reuters  -  502 words
  • Page 11 Advertisements
    • 76 11 SIM LIM SQUAREGround Floor Prime Atrium Retail Shop Contact: Investment Properties Sammi Lim(CEA Reg No: R*****9J) Tel: 9368 9803 6 Battery Road, #32-01, Singapore *****1 Strata Area: Approx. 2,756 sq ft Prominently located in the mall’s centre atrium Next to future Rochor MRT station No Additional Buyer’s Stamp Duty Extremely
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    • 291 11 ■> T V. :,w r > ■r I W v r A 0" V us a Joyful Christmas at Park with Warm Offerings and Fond Memories Start a nostalgic Christmas tradition at Rochester Park, where you can relish the rustic charm and dine up a feast alfresco with your friends
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  • WORLD
    • 640 12 Bets on art, wine have led to record prices which could correct soon AFP [DE CORBIERE PARIS] Cash is so cheap these days that investors have been borrowing and ploughing them in assets from artwork to wine to bitcoins, betting
      AFP  -  640 words
    • 526 12 But unemployment rises to 5.8% as labour pool grows Reuters [SYDNEY] Australian employment beat expectations with the biggest increase in seven months last month, helping soften the blow of planned job losses in the country’s ailing car industry. Data yesterday from the Australian
      Reuters  -  526 words
    • 471 12 Reuters [LONDON] French carmaker PSA Peugeot Citroen unveiled a 1.1 billion euro (S$1.9 billion) writedown at its ailing overseas operations and won General Motors backing for a tie-up with China’s Dongfeng. Peugeot and GM also yesterday lowered savings goals for their
      Reuters  -  471 words
    • 404 14 It will review judgement before deciding on appeal AP [SEOUL] A Seoul court has rejected Samsung’s claim that iPhone and iPad models violated three of its patents, another setback for the South Korean electronics giant in a global battle with Apple
      AP  -  404 words
    • 283 14 The social media giant takes over from Teradyne which joins the S&P MidCap 400 AP [SAN FRANCISCO] Facebook stock jumped close to 4 per cent in after-hours trading on Wednesday on news that the social media giant would join the Standard
      AP  -  283 words
    • 659 15 This will have a big impact on global growth next year, say economists AFP [PARIS] Only recently hailed as the saviours of the world economy, emerging markets have had a tough year in 2013, hit by slow growth, market instability and social unrest that
      AFP  -  659 words
    • 181 15 Reuters [WASHINGTON] Russia has proposed a series of bilateral trade negotiations with the United States under the umbrella of a hoped-for new trade agenda between the two countries, a senior Russian official said. He said Russia, in a meeting with top US trade
      Reuters  -  181 words
    • 643 15 Tech players, with highest exposure to Europe, well placed Reuters [NEW YORK] Europe, long a scapegoat for weak earnings at US multinational companies, is now looking like a more dependable source of profits, and that could make some stocks that lagged this year’s
      Reuters  -  643 words
    • 436 16 Q4 growth may get a lift as Americans spend more on big-ticket items LATEST US DATA AP Reuters [WASHINGTON] US consumers ramped up spending in November on cars, appliances and furniture and made more purchases online, signalling growing confidence in the economy
      AP; Reuters  -  436 words
    • 505 16  -  Funding will be from extra taxes, fiscal reserves drawdown By ANTHONY ROWLEY in Tokyo CAUGHT between a need to bolster economic growth and to avoid plunging Japan’s heavily indebted government deeper into debt, Prime Minister Shinzo Abe yesterday unveiled a 5.5 trillion yen (S$67 billion)
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    • 541 16 them to take sides. Reuters, AFP [BANGKOK] Political unrest in Thailand that has forced the prime minister to call an early election could further delay infrastructure projects expected to support the economy in 2014 and hit tourism, possibly sending the current account into
      them to take sides. – Reuters, AFP; PHOTO: REUTERS  -  541 words
    • BRIEFING
      • 100 16 AP [JOHANNESBURG] The man accused of faking sign interpretation at Nelson Mandela’s memorial claims he has schizophrenia and had visions of angels coming into the stadium. He also said he was trying not to panic because there were “armed policemen around me”. Thamsanqa Jantjie,
        AP  -  100 words
      • 99 16 AFP [MOSCOW] President Vladimir Putin yesterday proposed forcing offshore companies owned by Russians to pay taxes into the national budget as the Kremlin faces up to the potential consequences of the country’s economic slump. With the budget in need of new sources of income, Mr
        AFP  -  99 words
      • 76 16 Bloomberg [SINGAPORE] JPMorgan Chase Co, the biggest US lender by assets, is forecasting a 30 per cent surge in the value of mergers and acquisitions it expects to handle in Asia next year, a rebound from this year’s decline. Energy companies, financial firms
        Bloomberg  -  76 words
      • 103 16 Reuters [BRUSSELS] Eurozone industrial output defied market expectations of a small month-on-month rise and fell sharply in October, in a fresh warning about the fragility of the bloc’s economic recovery. Industrial production in the 17 countries using the single currency dropped 1.1 per cent on
        Reuters  -  103 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 183 13 Read On. Move On. Get news on the move with The Straits Times All-in-One PLUS EXCLUSIVELY FOR NEW SUBSCRIBERS Your Straits Times All-in-One PLUS includes the Microsoft Surface RT In addition to reading your Print edition, you can access The Straits Times on your favourite iPad, iPhone and Android mobile
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  • Page 14 Advertisements
    • 2277 14 BfiAISa 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 (1) GLENVILLE ESTATE INVESTMENT PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****3098C) (2) KEPPEL LAND (VILLA VERDE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No.
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    • 626 14 IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF SAN CHOON PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg No. *****3473C) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the member of the abovenamed Company duly convened and held pursuant to Section 179(6) of the
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  • Page 15 Advertisements
    • 3128 15 WATO 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 BESTWIN MARINE PTE. LTD. (In Members’ Voluntary Liquidation) (Registration No. *****2915E) At an Extraordinary General Meeting of the members of the abovenamed Company, deemed to have been held
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    • 192 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KEAN LENG (S) PTE. LTD. (Company No: *****4585G) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of Members
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  • Page 16 Advertisements
    • 109 16 Savour exquisite Christmas culinary delights together with family, friends and loved ones at our award-winning restaurants and bar Edge, Keyaki, Hai Tien Lo, Pacific Marketplace, Poolside and Atrium. Alternatively, if you are celebrating at home, our gourmet deli offers take-away festive options such as honey glazed ham, roast beef, roast
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  • AVIATION/SHIPPING
    • 544 17 Group is top bidder to run Mactan-Cebu airport for 25 years and build a terminal Reuters [MANILA] India’s GMR Infrastructure Ltd and contractor Megawide Construction Corp are the likely winners of a US$400 million airport terminal tender, the biggest so far under
      Reuters  -  544 words
    • 413 17 Reuters [BEIJING] Chinese authorities have told pilots who fly to Beijing that they must be qualified to land their aircraft in the low visibility bought about by smog, state media said yesterday, as the government tries to reduce flight delays
      Reuters; PHOTO: REUTERS  -  413 words
    • 241 17 SGX '000 Dec 12 S$ +/-Vol Ch Offshore 0.42 -0.01 63 Chuan Hup Hldg 0.26 unch 97 Cosco Corp 0.72 0.01 481 Cwt Limited...............1.28 -0.01 253 First Ship Lea unch unch 0 Grand Banks unch unch 0 Jaya Hold Ltd -0.01 K1Ventures Chuan Hup Hldg Keppel Corp 10.86
      241 words
    • 557 17 Reuters [TRIPOLI] Libya’s government expects eastern tribes to reopen three oil ports this weekend as pledged but refuses to deal with an autonomy movement demanding a share of oil exports, Prime Minister Ali Zeidan said on Wednesday. On Tuesday, tribal leaders blocking
      Reuters  -  557 words
    • 793 17 Bloomberg [WASHINGTON] Pilot error was involved in the Asiana Airlines Inc crash that killed three passengers on July 6 in San Francisco after a captain inadvertently disabled a speed control system and the plane crashed into a seawall, documents show. Lee Kang
      Bloomberg  -  793 words
    • 274 17 Reuters [TORONTO] Air Canada said on Wednesday that it will purchase up to 109 of Boeing Co’s 737 MAX under its narrow-body fleet renewal plan, a major win for the aircraft maker and significant shift in supplier for Canada’s
      Reuters  -  274 words
  • Page 17 Advertisements
    • 115 17 ASIA WEST AFRICA TRADE AGREEMENT (AWATA) NOTICE OF 2014 JANUARY RATE RESTORATION In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia West Africa Trade Agreement have decided to implement
      115 words
    • 152 17 In the Matter of The Companies Act, Cap. 50 And In the Matter of ARTECH ENGINEERING PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****7145E) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting
      152 words
    • 19 17 i'&Ki Li Analysts: All three telcos here have limited scope growth To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg
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  • Page 18 / 19 Advertisements
    • 284 18 / 19 PRM r/tys'rssfsf y//srstj .sr Pacific Richfield Marine Pte Ltd. PRM Offshore Heavy Industries Pte Ltd on the successful deliverv and naming of xjjj PRM Offshore Heavy Industries Pte Ltd is a shipbuilder in Singapore that specialises in the building of Offshore Support Vessels, including the OSV. Pacific 333, which has
      284 words

  • EDITORIAL & OPINION
    • 499 20 EDITORIAL AFTER more than a decade as a global market darling, emerging market equities and bonds have suffered a humbling comeuppance. Over the past three years, returns have turned negative; the broader MSCI Emerging Markets Index has been relatively resilient with an annualised loss
      499 words
    • 765 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washing ton Post Writers Group THE question about the stock market is whether the bull is a bubble. The 1990s’ “tech bubble” and the recent “housing bubble” have conditioned Americans to think that almost any
      The Washington Post Writers Group  -  765 words
    • 693 20  - S’pore Int’l Commercial Court a masterstroke Singapore is ideally positioned to become Asia’s premier dispute resolution hub By HARPREET SINGH NEHAL The writer is managing partner at Cavenagh Law LLP, Singapore ON Jan 4, 2013, Chief Justice Sundaresh Menon of the Supreme Court of Singapore announced at the opening of
      PHOTO: DESMOND LIM/THE STRAITS TIMES  -  693 words
    • 1332 21  -  It can, for example, provide support for the master plan on connectivity and help narrow region’s development gap By MASAHIRO KAWAI The author is the dean of the Asian Development Bank Institute in Tokyo ASEAN and the government of Japan are celebrating their
      PHOTO: REUTERS; Source: IMF, Direction of Trade Statistics  -  1,332 words
    • 737 21  -  By ANDY MUKHERJEE REUTERS BREAKINGVIEWS NARENDRA Modi could be India’s Shinzo Abe. If the recent state polls are any indicator of the electorate’s mood, the opposition politician will be prime minister of the world’s largest democracy by May next year. Just like his Japanese
      REUTERS BREAKINGVIEWS; PHOTO: AP  -  737 words


  • PROPERTY
    • 1561 22  -  SAIWALLAspeaks to the architects behind MBFC, the first development on the Marina Bay Site, on the buildings' design ZEINAB SAIWALLAspeaks THE recently released Urban Redevelopment Authority (URA) Draft Master Plan 2013 highlights Marina Bay as the new financial and residential district in the urban city centre.
      FILE PHOTO  -  1,561 words
    • 925 24 Vingroup will use part of US$200m bond sale proceeds to build a mall in Ha Long Bay next year Bloomberg [HANOI] Vingroup JSC, Vietnam’s largest property developer and mall operator, will look beyond the country’s two biggest cities to build shopping
      Bloomberg; PHOTO: BLOOMBERG  -  925 words
    • 462 24 Bloomb erg [SYDNEY] UBS AG, Switzerland’s biggest bank, is entering Australia’s property market to invest as much as A$10 billion (S$11.3 billion) over the next five years through a joint venture with a local developer. The bank, which now only holds property shares
      Bloomberg  -  462 words
  • Page 22 Advertisements
    • 137 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WAT-ci D04 HOUSE FOR SALE SENTOSA Bunglw 3½ Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D04 HOUSE FOR SALE SENTOSA COVE Sentosa Cove Corner Terrace 3 storey basement. 5+1 bedrooms, 3404/ 4482
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    • 127 22 D10 HOUSE FOR SALE JELITA Jelita Semi-D single storey. Land 3545 sqft. Original condition re-built or A&A. Prime Location, Rarely avail. $6.4M neg. Fan Mary 9119 9930 D10 HOUSE FOR SALE MARYLAND DRIVE Semi-detached. District 10. 5-bedroom, 2715/ 4049 sq ft. $7.2M negotiable. Serious seller. Eugene Yeo 9797 7772 D10
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    • 123 22 D11 21 HOUSE FOR SALE SWISS CLUB VICINITY Terr at Swiss Club vicinity. 5rm. Reno. Big Garden. Quiet. Big frontage. Basement. Bertram *****825 D11 21 HOUSE FOR SALE WATTEN ESTATE 3sty semi-d Watten Est 4260/ 3330 sqft, regular land. New bungalow Namly 5500/ 5800 sqft. 6+1 ensuites. Pool. Unblocked, $2k
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    • 112 22 D15 HOUSE FOR SALE FRANKEL Living in style! Iconic bungalow, 2-sty+ attic basement. Pool, Park 3 cars, Asking $12.15m. 9630 6485 Pauline D15 HOUSE FOR SALE KALEIDO Freehold Strata Terrace 3100-3498 sqft. 5 ensuite rooms. 3-storey attic basement. D15 HOUSE FOR SALE ONAN ROAD Single-storey Corner Terrace. Land 3800 sqft.
      112 words
    • 138 22 D16 HOUSE FOR SALE UPPER EAST COAST Home of Stature. 6+1 rooms. Freehold. 8800/ 5400 sqft. Big pool. Grand entertainment hall. Call: Sharon Lee 8101 5665 D17 HOUSE FOR SALE BUNGALOW Beautiful Bungalow 6860/ 5200 sqft. 5+1. F’hold. Elevated land. Breezy. Greenery. Nice garden with 17 metre pool. Steve 9297
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  • Page 23 Advertisements
    • 952 23 D19 HOUSE FOR SALE CONWAY DRIVE Rare single sty semi-d, 3,155 sq ft, 3+1, A&A in 2011, wide frontage, $4.35m. 9630 6485 Pauline D19 HOUSE FOR SALE HAI SING Hai Sing 3-storey Semi-D. 999 years, regular land approx 370 sqm. Park 3 to 4 cars. 8 rooms ensuite. Sky terrace.
      952 words
    • 173 23 D10 APARTMENT FOR SALE TANGLIN HILL $5.9M Prime location! Rare Opportunity. 3315 sqft. Freehold. Mais 4-bdrms +attached maid+ balcony. Tenanted till 2015 rental $13k D10 APARTMENT FOR SALE TANGLIN PARK Freehold. 4+1 bdrms. Approx 1980 sf. Quiet facing. Greenery. Large grounds. Full facilities. Price neg. Also For Rent. Call TKE
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  • Page 24 Advertisements
    • 481 24 D11 21 APARTMENT FOR SALE THE HILLFORD New Launch! Jln Jurong Kechil. 1rm 398-431sf $4xxxK/2rm 506-560 sf $5xxK. 2rm Dual key 657 sf. $7xxK. Rental 4.2% up. www.bensonchow.com D12 APARTMENT FOR SALE NOVA 48 FH. $1400 psf neg. 1238 sf. 3-bdrms with balcony. High upside. High rental yields. 1 street
      481 words
    • 128 24 D23 APARTMENT FOR SALE HILLS 21 Freehold New Project. Live by nature park/ lake. Near West Mall. Great Layout. Comparable price to Executive Condo. 2 bdrms $799K, 3 bdrms $1M D23 APARTMENT FOR SALE REGENT GROVE New list! Regent Grove. Opp Yew Tee MRT. 3+utility+yard. 1163 sqft. Face pool #16.
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  • Page 25 Advertisements
    • 274 25 D10 HOUSE FOR RENT OEI TIONG HAM S-level Detached House with big gdn. 3+1. F/reno equipped kitchen, elevated pool autogate. Can park 3/4 cars. P/furn. Mins Holland V. View Today! D10 HOUSE FOR RENT SIXTH AVENUE 1 yr only! 4661sf 5-bdrms Semi-Direct. Swimming pool, 24hr Cold Storage. Accessible to Raffles
      274 words
    • 231 25 D16 HOUSE FOR RENT TANAN MERAH KECHIL RIDGE Expat’s Choice Terrace House. 3500 sqft. 3storey 5 bedrooms. Near Tanah Merah MRT. $6K neg. D17 HOUSE FOR RENT 27A TOH AVENUE Semi-D Newly rebuilt 3500/ 5000 sqft. 2storey attic. 5+1 bedrooms pool. Available Immediate. Call 9863 5635/ 9727 2996 D20 HOUSE
      231 words
    • 237 25 D09 APARTMENT FOR RENT CENTENNIA SUITES Centenna Suites. Homey 2 bedrooms with balcony, high floor, unblocked. Available Immediate. *****485 Pauline D09 APARTMENT FOR RENT HIGH POINT 4 bedrooms, 4 baths. Well-kept. In the heart of Orchard. Near International schs/ Mount Elizabeth. Partially furnished. View to Offer. Mei 9671 6756 D09
      237 words
    • 247 25 D10 APARTMENT FOR RENT SHAMROCK VILLA Cluster Bungalow Namly Place. Private pool. 5bdrm. Big living terrace. $10.5K. Call 9857 1303 D10 APARTMENT FOR RENT ST REGIS RESIDENCES 4-bdrm, 2153 sf, 6-star hotel facilities. Concierge service. $11,500. Immediate. Please call *****788 Eddie Tan PN D10 APARTMENT FOR RENT TESSARINA 3+1, 1335
      247 words
    • 269 25 D03 FACTORY FOR SALE HENDERSON INDUSTRIAL PARK Henderson Industrial Park, 4 storey, 9985 sf. FH, Corner, private lift. Nicely fitted. Suits Office, B1 light industrial. Angeline Heng 9789 2388 ERA D03 SHOP FOR SALE 37 JLN RUMAH TINGGI Blk 37 Jln Rumah tinggi, off Jalan Bukit Merah. HDB 2-Sty shophouse.
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  • Page 26 Advertisements
    • 657 26 D01 SHOP FOR RENT THE ARCADE The Arcade. 310 sqft. Heavy Traffic. No water point. Suitable for retail. Available January 2014. Asking $7900 neg! Hurry! Call now for viewing! D07 OFFICE FOR RENT BEACH ROAD Newly renovated Beach Rd. 3 min walk to MRT. $688. Free aircon, wifi, elect, meeting
      657 words
    • 164 26 FOREIGN PROPERTY FOR SALE CONDOMINIUM IN MALAYSIA SKS Pavillion Residences. FH luxurious Condo Strategic Located near CIQ, S’pore/JB City View. View in Singapore. Ace Wong 9070 8818 FOREIGN PROPERTY FOR SALE CONDOMINIUM IN MALAYSIA SKS Pavillion Residences. FH luxurious Condo Strategic Located near CIQ, S’pore/JB City View. View in Singapore.
      164 words
    • 318 26 FOREIGN PROPERTY FOR RENT TAMAN PELANGI IN MALAYSIA Semi-D Bunglw for rent at Taman Pelangi, JB. Semi furn. 3 mins drive fr JB CIQ check-point to S’pore. Mr Goh +601 *****308/ +601 *****082 FOREIGN PROPERTY FOR SALE CONDOMINIUM IN MALAYSIA SKS Pavillion Residences. FH luxurious Condo Strategic Located near CIQ,
      318 words

  • 2271 27 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
    2,271 words
  • Page 27 Advertisements
    • 155 27 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,
      155 words
    • 17 27 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times
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  • Page 28 Advertisements
    • 120 28 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? Celebrate Your Project Completion
      120 words
    • 18 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • 3019 29 Transaction date: Dec 12 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net 188 106 AIMSAMPIReit 20 3.2 A-Sonic Low Company 197.5 126.4 ARA
      3,019 words
    • 246 30 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
      246 words
    • 11083 30 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.49/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos! China Opportunities!' 2 8133/ FM local Ccy Bond 0898/ European Opportunities!" 1.2677/ Global Emerging Markets'" Global Opportunities/"
      11,083 words
    • 245 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 32 Genting HK US$ US40.5 -0.5 ***** 42 40 40 40.5 2666.7 Sale 318 191 TanChongInt HK302 295 302 4.3 2.3 10.1 6082 DISCLAIMER: All
      245 words
    • 859 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 127.7 CIMB APAC Div 100S$D 129 124.2 125.1 114.4 99.2 CIMB APAC Div 100US$ US99.7 -2.1 9 100 99.7 99.2 99.8 10.5 1510 1192
      859 words


  • FINANCE & COMMODITIES
    • 728 31 Dec 12 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.32 *****.66 *****.36 Dec13 *****.00 *****.00 *****.00 *****.00 *****6 *****2 Mar14 *****.00 *****.00 *****.00 *****.00 *****8 *****7 MSCI TAIWAN INDEX FUTURES SPOT 296.32 296.32 294.21 Dec13 297.40 297.60 294.00 295.10 ***** *****0 Jan14 296.50
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    • 373 31 In local curr In S$ In US$ dy yr dy yr dy yr Dec 11 Index Change Change Change Change Change Change World Preliminary 1142.8 -0.6 21.8 -0.4 22.9 -0.6 19.9 EAFE Preliminary 917.8 -0.4 18.5 -0.2 17.9 -0.5 15.0 Europe Preliminary 1298.9 -0.3 13.2
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    • 471 31 Dec 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.957 5.490 0.655 7.010 55.585 108.899 0.930 9.506 2.916 1.091 96.938 39.860 1.132 9.395 0.801 26.779 29.017 0.551 0.904 Canada 1.045 5.738
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    • 40 31 Dec 12 (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.***** 3 mths Source: Thomson Reuters
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    • 86 31 Dec 12 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-16 101.62 5-Year N*****0T 0.5 01-Apr-18 98.61 98.70 98.70 10-Year NX*****H
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    • 139 31 Dec 12 GOLD(US$/oz) Dec 12 Dec 11 Hong Kong 1264.00 1265.00 Dec 11 Dec 10 London 1256.70 1261.26 1257.45 1262.03 Source: Thomson Reuters CAST BAR Dec 12 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 113 50 5gm 319 250 10gm 571 499
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    • 53 31 Dec 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2580.0 1501 Jan 14 2625.0 2598.0 2640.0 2597.0 1256 ***** Feb 14 2635.0 2613.0 2657.0 2611.0 ***** ***** Mar 14 2638.0 2624.0 2660.0 2621.0 9054 *****
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    • 155 31 Dec 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1317 1.1331 0.9039 0.9043 Canadian dollar 1.1828 1.1845 0.9454 0.9447 Euro 1.7279 1.7295 1.3801 1.3803 NZ dollar 1.0373 1.0389 0.8285 0.8291 Sterling pound 2.0529 2.0548 1.6397 1.6399
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    • 109 31 Dec 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1344.00 1338.25 1345.50 1334.50 Mar 14 1328.50 1322.00 1330.00 1318.25 May 14 1309.25 1304.50 1310.25 1299.25 Jul 14 1296.75 1291.25 1297.50 1287.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • 94 31 Dec 11 COCOA (£/tonne) Close Prev High Low Dec 13 1718 1713 1722 1705 Mar 14 1734 1737 1741 1728 May 14 1732 1734 1737 1726 Jul 14 1729 1733 1735 1725 COFFEE(US$/tonne) Close Prev High Low Jan 14 1790 1849 1850 1780 Mar 14 1747 1793 1792 1741
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    • 1099 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 20 0.0 5 -81 55 Asia-Pacific Strategic W*****6 Ratio Exer Price Ascendas Reit MB ECW*****3 Disc Asiatic Grp(Hldgs) Ltd W*****5 2.3 0.0 2 21 Asiatravel.com HoldingsW*****7 0.3 1
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    • 70 31 CRUDE OIL PRODUCTS Dec 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.38 0.64 WTI (Near Mth) 97.40 -1.07 Dubai (1-Mth F) 105.70 -0.75 Tapis blend 114.58 -0.80 Minas 108.38 -0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.78 0.11 Jet Kerosene 126.45 0.73 US$/barrel OpecOil Basket
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    • 22 31 Dec 12 S$ Bid Offer 1-month 1.2520 1.2530 2-months 1.2519 1.2529 3-months 1.2519 1.2529 6-months 1.2515 1.2526 Source: OCBC
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    • 65 31 Dec-11 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1773.25 1747.25 3 months 1817.00 1793.00 Copper, Grade A(US$/tonne) Cash 7225.50 7136.25 3 months 7220.00 7135.00 Lead(US$/tonne) Cash 2126.25 2084.75 3 months 2144.00 2110.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months *****.00
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    • 121 31 As at 9am Dec 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.159 1.104 Can dollar 1.204 1.158 Euro 1.766 1.682 Sterling pound 2.089 2.009 NZ dollar 1.058 1.018 US dollar 1.277 1.217 Local dollars to 100 units of foreign
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    • 157 31 Dec 12 $S Offer Bid 0vernight 0.03 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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



  • Page 34 Advertisements
    • 31 34 FINDING LOVE IN SINGAPORE Four couples tell their stories Deepika in no mood to rest GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
      31 words
    • 76 34 Ffr o CM oooaoooar 0 n agj C— 2¥iT *11! Hotel Solutions, Food Beverage and Travel Trade Show 17-19 February 2014 Myanmar Convention Centre,Yangon www.mhft.sphereconferences.com The most comprehensive showcase of hotel and F&B solutions, technologies and innovations in Myanmar BE PART OF IT! P ood Beverage Show ooy3oooa(°20i4 otels Solutions
      76 words

  • Page 35 Advertisements
    • 297 35 'J? iV yc- z -W 5/ 'rf. r <2 3g <r 5££- v it*—< >,. zsu > *w r** 43? s V ■<J -w r-' EXPERIENCE DIVINE PAMPERING ON A BALCONY CLASS CRUISE Set sail on Balcony Class at 35% off, and enjoy breathtaking ocean views and pampering privileges as
      297 words
  • Page 35 Miscellaneous
    • 302 35 CRYPTIC CROSSWORD Across 1 Vegetable’s beauty set down by artist (6) 4 Colour of suit captured by writer (3-5) 10 In positive signal, Stock Exchange initially moved slowly forward (5) 11 English ranting shown in print (9) 12 Saint’s recompense getting tip off servant (7) 13 Bit of roast leg,
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  • Page 37 Advertisements
    • 669 37 SAVOUR THE TASTE OF TMAS AT MARINA BAY SANDS Celebrate the spirit of fine dining at Marina Bay Sands®, where gourmets will rejoice over the intriguing spread of cutting-edge creations by world-renowned celebrity chefs. With feasts fit for royalty and a smorgasbord of rich festive treats, the gastronomic party has
      669 words

  • executive lifestyle
    • Top tips from top collectors
      • 652 38  -  From around the world, five collectors of South-east Asian art share their wisdom on how to build an art collection. ByHELMI HELMI YUSOF helmi@sph.com.sg HOWARD TAM 47, USA Technical director of a medical technology firm HOWARD Tam applies a simple rule of thumb when
        PHOTO: JOHN HENG  -  652 words
      • 541 38 HADY ANG 61, Singapore Deputy director of a transport-related company I F you weren’t born with a silver spoon in your mouth and you wish to collect art, you may want to follow the footsteps of the Vogels (see story on page 36) or Hady
        PHOTO: JOSEPH NAIR  -  541 words
      • 486 38 TOM TANDIO 33, Indonesian Managing director of an automotive company TOM Tandio isn’t just an art collector he is also passionately involved in promoting the art of his country, Indonesia. For one thing, he helped raise 50 per cent of the budget for this
        486 words
      • 564 38 MIKE AND LOU SAMSON Both 43, Singapore PRs originally from the Philippines He’s a regional head of a bank, she runs an events firm THEY started collecting art in 2000 when they had just moved to Singapore from the Philippines. At the time, they picked
        PHOTO: JOHN HENG  -  564 words
    • WINE
      • 1190 32  -  Famed drink owes its uniqueness to a series of widows who took over the business when their husbands died, reportsTHOMAS THOMAS ADAMSON AP [REIMS, France] FOR Champagne to become the tipple it is today popped at weddings, quaffed in casinos, sprayed by racing drivers
        AP; PHOTOS: AP; PHOTO: AP  -  1,190 words
      • 1136 32  -  By NK YONG IN the past two weeks, I have had more whites than reds in the past six months a most refreshing experience that included a Grand Cru Chablis, a Montrachet, a Corton Charlemagne and wonder of wonders, an Haut Brion Blanc!
        PHOTOS: NK YONG  -  1,136 words
      • 74 32 Last week, I wrote: “d’Alba and thus has a commanding view of the valley below and the mountain range in the distance. A beautiful site. Brunello Riserva Montfortino, Giacomo Conterno, is unquestionably Piedmont’s finest and greatest Brunello, desperately sought after world-wide. (It reminds me of Roumier’s Musigny!) His other
        74 words
    • ARTS
      • 706 33  -  Marcel Heijnen explores the idea of change and what is left behind, with a series on modern cityscapes, reports RACHEL LOI RACHEL LOI rachloi@sph.com.sg MARCEL Heijnen wears many hats. In addition to being a graphic designer by trade, he helps run a cafe, is a
        706 words
      • 339 33  -  By RACHEL LOI rachloi@sph.com.sg A SHORTLIST of 20 emerging contemporary Asian artists was announced earlier this week for the inaugural Prudential Eye Awards, out of over 500 nominees who submitted their works to a judging panel of seven international art professionals. The nominated artists
        339 words
      • 78 33 DIGITAL/VIDEO Daniel Crooks, Australia Baden Pailthorpe, Australia Pussy Riot, Russia Yang Yong Liang, China INSTALLATION Lee Jaehyo, Korea Irina Korina, Russia Jompet Kuswidananto, Indonesia Sun Yuan and Peng Yu, China PAINTING Tony Garifalakis, Australia Fiona Lowry, Australia Lam Tung Pang, Hong Kong Ben Quilty, Australia PHOTOGRAPHY Eric Bridgeman,
        78 words
      • Around Town
        • 107 33 Colours An Evening with A Cappella: If you love a cappella, then you’re in for a treat this Saturday evening at the Esplanade’s new festival VOICES, with Colours An Evening with A Cappella. Four of Singapore’s most established a cappella groups Key Elements, Vocaluptuous, Juz-B and MICappella will be
          107 words
        • Article, Illustration
          353 33  -  Compiled by RACHEL LOI rachloi@sph.com.sg Motherland: Artists Mike HJ Chang, Sherman Ong and Robert Renhui Zhao take on the concepts of home and motherland, in an exhibition at the Chan Hampe Galleries titled Motherland. Motherland is a term that refers to the place where one was born, and is
          353 words
        • 299 33  -  PICK OF THE WEEK By RACHEL LOI By rachloi@sph.com.sg MOST classical concerts just require their audiences to sit and listen to music. But attendees of Sing Messiah! by the Braddell Heights Symphony Orchestra (BHSO) have the unique option to play a much
          299 words
      • 937 34  -  Want to put a book in someone’s X’mas stocking? Here are seven recommendations fromHELMI HELMI YUSOF helmi@sph.com.sg Mastermind: How To Think Like Sherlock Holmes By Maria Konnikova, $32 BOOKS on how to think better are not always an easy read. But Maria Konnikova’s Mastermind:
        937 words
      • 393 34  -  BY RACHEL LOI rachloi@sph.com.sg THE stakes are high for Dream Academy’s annual musical revue Crazy Christmas, a festive stalwart since 2007. This is especially so given the official return of the Dim Sum Dollies after a one-year hiatus. Taken purely at face
        393 words
      • 356 34  -  By HELMI YUSOF helmi@sph.com.sg IT’S not often that one gets to watch a horror play and it’s perhaps rarer still to find a good one. The Woman In Black, now playing at the Kallang Theatre, is a true gem of horror
        356 words
    • MUSIC
      • 792 35  -  The Christmas albums this season range from those with evergreen pop appeal to country and soul treatments of Yuletide favourites. DYLAN TAN highlights some of the more interesting releases DYLAN TAN dylantan@sph.com.sg Wrapped in Red Kelly Clarkson AMERICAN Idol winner Kelly Clarkson’s Wrapped in Red
        PHOTOS: AP, FILE PHOTO  -  792 words
    • COVER STORY/CINEMA
      • 985 36  -  Famed collector cautions against buying art for investment, reportsHELMI HELMI YUSOF helmi@sph.com.sg THEIR combined salaries were less than US$50,000 a year. But American government employees Dorothy and Herbert Vogel were among the most celebrated art collectors in the world, amassing over 4,782
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