The Business Times, 14 December 2013

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Total Pages: 41
1 16 The Business Times
  • 20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g DECEMBER 14-15, 2013 S$1.00 MCI (P) 086/08/2013 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 558 1  - Job market improves for less qualified Professionals, managers, executives and technicians make up nearly two-thirds of the retrenched in Q3 By Chuang Peck Ming peckming@sph.com.sg Singapore THE Singapore job market is looking up, but not for the better qualified due to a mismatch of skills and jobs. This dampens an
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  • 1435 1  -  By Joyce Hooi joyceh@sph.com.sg Singapore YOU load sixteen tons, what do you get? Almost 70 years after Tennessee Ernie Ford’s coal-mining hero asked this question in song, millions of migrants ask a variant of this question every year as they cross borders to
    PHOTO: TNP; Source: Ministry of Manpower  -  1,435 words
  • Page 1 Advertisements
    • 53 1 the THE UPS JIM CHRISTMAS Carefully curated gifts for the home l6-7 WEALTH The renewed desire for returns 28 the raffles conversation UPS INT’L HEAD JIM BARBER 8-9 <8> O w 1 N sV c Depuis 1775 www.breguet.com BREGUET BOUTIQUE 2 BAYFRONT AVENUE THE SHOPPES AT MARINA BAY SANDS #61-119/120
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    • 4 1 LIVING Hands-on pursuits L2-5
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  • TOP STORIES
    • 410 2  -  Others are ex-police chief, former NTUC president and grassroots leader By Malminderjit Singh msingh@sph.com.sg Singapore THE Ministry of Home Affairs has appointed a four-member Committee of Inquiry (COI) to investigate the reasons behind last Sunday’s riot in Little India. It will be headed by
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    • 520 2  -  Republic remains compelling for investors; foreign workers still want to work here By Chuang Peck Ming peckming@sph.com.sg Singapore LAST Sunday’s riot in Little India was bad news for Singapore, known to be a safe oasis for business, but it will not do
      PHOTO: ARTHUR LEE  -  520 words
    • MARKETS
      • 59 2 GSTI 3,066.02 (+6.98) GSTI FUTURES 3,060.00 (+7.00) GSIMSCI 353.31 (+0.08) GSIMSCI FUTURES 352.30 (+0.80) STOCKS Friday Change KL COMP 1,840.35 +6.48 NIKKEI 225 15,403.11 +61.29 HANG SENG 23,245.96 +27.84 SET 1,341.13 -15.08 JAKARTA 4,174.83 -37.39 MANILA 5,767.13 +4.60 KOSPI 1,962.91 -5.02 SHENZHEN B 882.85 +2.05 MUMBAI IND 20,715.58 -210.03
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      • 29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.744 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • 49 2 US$ S$ US$ (S$ per US$) 1.257 (US$/S$ per 1.633 2.052 EURO (US$/S$/€ 1.376 1.729 Foreign currency per US$ S$ YEN 103.60 82.50 RM 3.239 2.578 HK$ 7.753 6.170 BAHT 32.07 25.52 RUPIAH 12,115 9,642 RENMINBI 6.073 4.833 INDIAN RUPEE 62.11 49.43 A$ 1.120 0.891 NZ$ 1.213 0.965
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    • 602 5  -  Keppel O&M, SembMarine, for example, provide their migrant workers with dorms and facilities such as gyms and basketball courts By Joyce Hooi joyceh@sph.com.sg Singapore WHEN migrant workers strike out overseas, they take a large gamble. Sometimes, it pays off. At companies such
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    • 551 6  -  By Angela Tan angelat@sph.com.sg Singapore SINGAPORE’S retail sales fell unexpectedly in October after growing in September as buyers avoided buying motor vehicles. The Department of Statistics said yesterday that seasonally adjusted retail sales fell 3.2 per cent in October compared to September when
      Source: Department of Statistics  -  551 words
    • 447 6 NYT New York BRITISH football team Manchester United has made a poor showing on the field this season. Now, British hedge fund manager Crispin Odey is making a mul-timillion-dollar bet that the club’s New York-listed shares are destined for a similar slide.
      NYT; PHOTO: REUTERS  -  447 words
    • 326 6 Beijing will maintain monetary prudence, push on with reforms Reuters Beijing THE leaders of China yesterday pledged to maintain stable economic policies to achieve reasonable economic growth in 2014 while forging ahead with reforms, as they wrapped up a closed-door meeting, state
      Reuters  -  326 words
    • 566 7  -  Forum offers platform to present Japan’s strategic views to significant audience of regional and world figures, says PM Lee By Lee U-Wen leeuwen@sph.com.sg Tokyo JAPANESE Prime Minister Shinzo Abe has accepted an invitation to speak at a high-level inter-governmental security
      PHOTO: LIANHE ZAOBAO  -  566 words
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    • 44 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 13 Singapore 14-16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 LIVING Design L2-5 Christmas L6-7 Dining L8-12 Health L13 Motoring L14-15 Sports L16 Househunt 30 Real Estate 31
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  • Page 3 Advertisements
    • 251 3 Shop Fly Off to the Destination of your Dreams With the chance to win tickets to your dream destination, exclusive offers across 800,000 square feet of luxury retail and more, you’ll find the perfect fit at The Shoppes at Marina Bay Sands®for all your fairy-tale wishes come true. WIN EVERY
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  • Page 5 Advertisements
    • 70 5 SEASON oeoaeir seas%n e r-v season end AUTUMN/WINTER 2013 ENJOY UP TO 40% OFF ON DESIGNER SHOES, HANDBAGS AND ACCESSORIES, Exclusively for DBS/POSB Credit Debit Cards M sa C -j PURCHASE 2 OR MORE ITEMS FOR AN EXTRA 15% OFF, ON PEDDER TAKASHIMAYA SHOPPING CENTRE T 65 6835 1307 SCOTTS
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  • Page 7 Advertisements
    • 21 7 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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    • 248 7 HARTAWAN COMPLETED THE ACQUISITION OF GOLD MINING GROUP IN INDONESIA NAME CHANGED TO “WILTON RESOURCES CORPORATION LIMITED” “The transformation into gold mining chartered a new course and it signified a new chapter for Hartawan. Mr. Winstedt Chong CATALIST-listed Hartawan Holdings Limited (“Hartawan” or the “Company”) has completed the proposed acquisition
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  • THE RAFFLES CONVERSATION
    • 2698 8 / 9  -  UPS International head Jim Barber fast-tracked to the top while grounded in solid values. By Malminderjit Singh By Malminderjit Singh msingh@sph.com.sg IN an era where corporations prefer to parachute in management leaders to run their business instead of promoting inbred talent, or where job loyalty may
      PHOTO: UPS  -  2,698 words

  • COMPANIES
    • 342 10  -  It has slipped 3.4% over five days while the overall S-Reit market declined 2.7% By Jacquelyn Cheok jaccheok@sph.com.sg Singapore THE industrial segment was the hardest hit in the recent decline of the S-Reit market, slipping 3.4 per cent over five days
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    • 344 10  -  By Genevieve Cua gen@sph.com.sg Singapore SINGAPORE can learn from other fund centres as it seeks to take its fund industry to the next level. PwC yesterday released a comparison of international fund jurisdictions, based on the key considerations that need to be taken
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    • Business briefing
      • 71 10 HOTEL Grand Central has increased its investments in its wholly owned subsidiaries in Australia. These are Grand Central (Flinders St) and Hotel Grand Chancellor (Palm Cove); investments were raised from A$2 (S$2.25) to A$20 million and A$5 million respectively. The move will not have any
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      • 140 10 IPCO International has swung to a net loss of $114.7 million for the second quarter ended Oct 31, 2013, compared to a net profit of $5.2 million in the corresponding period a year earlier. While turnover was 24.8 per cent higher at $8
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      • 48 10 XPRESS Holdings’ net profit fell 25.7 per cent year-on-year to $598,000 for the first quarter ended Oct 31, 2013, while revenue dropped 16 per cent to $4.8 million. Earnings per share were 0.034 cent, down from 0.052 cent. No dividend was declared.
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      • 68 10 XMH Holdings’ net profit dropped 43.8 per cent to $2 million for the second quarter ended Oct 31, 2013, from $3.6 million in the previous corresponding period. Meanwhile, revenue inched up 1.2 per cent year-on-year to $27.1 million, from $26.7 million. Earnings per
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      • 87 10 CATALIST-listed IEV Holdings, an engineering and clean energy solutions firm, said that its subsidiary has signed an agreement to supply compressed natural gas to an Indonesian food and beverage producer. Under the agreement, Jakarta-listed PT Ultrajaya Milk will buy more than 500,000 million
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    • 352 10  -  By Kenneth Lim kenlim@sph.com.sg Singapore THAI tycoon Charoen Sirivadhanabhakdi has trimmed his stake in Fraser and Neave (F&N), to raise the conglomerate’s public float to meet listing requirements. TCC Assets, Mr Charoen’s private vehicle, on Thursday sold a 2.1 per cent
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    • 359 11  -  Firm buys land plot in industrial park area for its first worker accommodation project in Indonesia By Vivien Shiao vshiao@sph.com.sg Singapore MAINBOARD-listed Centurion Corporation has acquired a 7,220 square metre plot of land in Jakarta, Indonesia, for the development of worker accommodation. The total consideration
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    • 973 11 PRNewswire Singapore NOMINATED against his idol Annie Leibovitz famed for her pregnancy photograph of Demi Moore for Asia Pacific Photographer of the Year, Dominic Khoo ended his career as a celebrity photographer in 2012. After he became Singapore’s most expensive living artist, he
      PRNewswire; ST FILE PHOTO  -  973 words
    • 634 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THE better the United States economy appears to get, the worse it is for the local stock market. his is the simple equation confronting Singapore equities investors who this week watched the Straits Times Index
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    • 111 12 Stock name Close Change CapMallsAsia 1.925 +0.020 CapitaLand 2.960 CapitaMall 1.860 +0.010 CityDev 9.470 -0.040 ComfortDelGro 1.935 +0.010 DBS Grp 16.56 -0.040 GLP 2.910 +0.020 Genting SP 1.455 -0.005 Golden Agri 0.550 -0.015 HK Land 5.800 HPH Trust US$ 0.640 JMH 51.39 +0.790 JSH 31.59 +0.290 Jardine C&C
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    • 661 12  -  By Mindy Tan tanmindy@sph.com.sg Singapore CHINA New Town Development (CNTD) listed in Singapore in 2007 and in Hong Kong three years later to warm investor reception, but two factors have since been keeping it from reaching its full potential. One
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    • 247 12 VOL CLOSE KLW H l dgs 232 390 3 0 .0 0 .0 Va l l i anz H l dgs 100 0.0 064 1 3 .9 0 .4 3 .0 Otto Mar i ne 93 3.0 914 6 .9 -0 .2 -2 .8 HanKore 83 HanKore
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    • 59 12 BY CENTS CLOSE UP JMH 5139 99.3 1.6 JSH 3159 36.4 0.9 Great Eastern 1750 17.0 1.0 IS Asia BND 100US 998 15.1 1.2 DBXT S&P Short 10US$ 2696 13.8 0.4 Venture Corp 760 12.0 1.6 SembMar 435 9.0 2.1 OCBC Bk.ES.1312 987 7.0 0.7 DBXT MSKorea 10US$
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    • 63 12 BY CENTS CLOSEDOWN GLD 10US$ ***** -288.9 -1.9 DBXT Nifty 10US$ ***** -272.6 -2.1 SPDR DJIA 10US$ ***** -212.3 -1.1 DBXT MSAsExJp 10US$ 3357 -114.3 -2.6 Lyxor MS India 10US$ 1296 -45.2 -2.7 Hyflux 6% CPS 10 ***** -30.0 -0.3 DairyFarm 961 -28.9 -2.3 UOB 2024 -22.0 -1.1
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    • 954 13  -  But there will be consequences on all asset classes with the end of QE COMMENTARY Lim Say Boon ~Lim Say Boon is chief investment officer for DBS Bank, Group Wealth Management and Private Bank WELCOME to the Year of the Taper. Financial markets in 2014
      PHOTO: AP  -  954 words



  • Page 13 Advertisements
    • 192 13 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF NETEGRITY ASIA PACIFIC PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****7990R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuant to Section 308 of the Companies Act, Cap 50, that a Final Meeting of
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  • SINGAPORE
    • 492 14  -  Tokyo also expands arrangements with Indonesia and the Philippines Reports by Lee U-Wen leeuwen@sph.com.sg Tokyo JAPAN has renewed a bilateral currency-swap deal with Singapore worth a combined US$4 billion. The last expired two years ago. Tokyo also agreed to expand swap arrangements with
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    • 553 14 SINGAPORE has sought clarification from Beijing over China’s new air defence zone on what this would mean for civil aviation in the region, said Prime Minister Lee Hsien Loong. Given that Singapore is an air hub with 50 million people passing through
      PHOTO: AFP  -  553 words
    • 314 14  -  By Chan Yiwen yiwenc@sph.com.sg INTERNATIONAL Enterprise (IE) Singapore deputy chairman Seah Moon Ming will take over the role of chairman from Sunny Verghese from Jan 1 next year, when the latter’s term comes to an end. Mr Seah is group
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    • 623 15  -  The GEMS World Academy, (Singapore) aims to help students become global citizens and future leaders by exposing them to varied world views and diversity in the real world By Hazel Tan WHEN it starts in September next year, GEMS World Academy, Singapore (GWA) will be a
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    • 1035 16  - Modern living in S’pore shophouse-style Row of refurbished units in Geylang has been home for decades to expatriates. By Mike Ives NYT New York BY the time Lisa and Michael Johnson moved to Singapore in 2011, they were tired of living in high rises. The American couple, both senior executives
      NYT; FILE PHOTO  -  1,035 words


  • Page 16 Advertisements
    • 202 16 Receive a FREE Cardigan worth $99.90! Valid with a minimum purchase of $300 Venue:VEIL, 8A, Marina Boulevard, #B2-30 Marina Bay Link Mall, Singapore *****4 Tel: (65) 6634 7848 Website:www.veilshop.com.sg Terms Conditions: Regular priced items in a single receipt Promotion valid from 14 December 2013 to 14 Feb 2014 While stocks
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  • WORLD
    • 555 17 Bipartisan deal prevents US govt shutdown in January and blunts automatic spending cuts Reuters Washington A BREAKTHROUGH budget deal that avoids a US government shutdown in January and blunts automatic spending cuts easily won passage in the House of Representatives on Thursday, laying
      Reuters  -  555 words
    • 149 17 AFP New York GENERAL Motors (GM) said on Thursday that it is selling its entire stake in PSA Peugeot Citroen, but stressed that its manufacturing alliance with the struggling French automaker remains strong. GM said it is placing the 7 per cent stake,
      AFP  -  149 words
    • 417 17 Thefts can top US$1 m, traders unprotected if virtual exchanges collapse Bloomberg London TRADING Bitcoins could bleed you dry, the European Union’s top banking regulator said as it weighs whether to regulate virtual currencies. Thefts from digital wallets have exceeded US$1
      Bloomberg  -  417 words
    • 395 18 Agency has stepped up enforcement in recent months, determined to ‘deal with price fixing’ Reuters Beijing CHINA’S top economic planning agency has “substantial evidence” against chipmaker Qualcomm Inc in an antitrust probe, state media on Thursday quoted a senior official at the price regulator
      Reuters  -  395 words
    • 468 18 Regime accuses him of attempting to stand in the way of leader’s succession AFP Seoul NORTH Korea has executed the uncle of its leader Kim Jong-un after a shock purge, state news agency KCNA said yesterday, branding the once-powerful Jang Song-thaek “despicable
      AFP; PHOTO: AFP  -  468 words
    • 322 18 6,000 jobs will be added in Asia with opening of 2 factories Bloomberg Michigan FORD Motor Co plans to add 11,000 jobs in the US and Asia in 2014, with more than half of those hires coming in the latter region
      Bloomberg  -  322 words
    • 530 20 Analysts say the banking sector is only partly repaired even though the economy has made substantial progress AFP Dublin IRELAND takes a major step tomorrow when it becomes the first eurozone country to exit a financial bailout programme, but the path
      AFP; PHOTO: AFP  -  530 words
    • 375 20 Reuters London THE Bank of England (BOE) is fully aware that Britain’s housing market has a “microwave-type quality” with a tendency to go suddenly from lukewarm to scalding hot, its chief economist said yesterday. But Spencer Dale said the central bank now had
      Reuters  -  375 words
    • Briefing
      • 60 20 AP Washington US wholesale prices dropped in November for the third consecutive month, pushed down again by cheaper petrol and lower home heating oil costs. But excluding volatile energy costs, inflation was mostly stable. The producer price index declined 0.1
        AP  -  60 words
      • 68 20 Reuters Tokyo Japan should embrace nuclear power as an “important and fundamental” energy source, a government panel said yesterday, in advice that looks almost certain to be accepted, despite an- ti-nuclear feeling after the Fukushima disaster. Prime Minister Shinzo Abe is keen to
        Reuters  -  68 words
      • 71 20 AFP Sydney The Australian dollar slumped below 90 US cents yesterday after central bank governor Glenn Stevens said he wanted to see it at 85 US cents to help stimulate trade-exposed sectors of the economy. In an interview with the Australian Financial
        AFP  -  71 words
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  • Page 19 Advertisements
    • 149 19 S33 iiili nmmm B| a WMl ■f’" Property Watch, I am now able to compare recently transacted prices of offices nearby! ■■liisisi 1 iiiiiisi? riini 1 11 11 I* .mniiinii ,11 '"Wl nisi Singapore Property Watch has helped me in my recent rental renewal negotiations! Did you know that Singapore
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  • Page 20 Advertisements
    • 26 20 www.omy.sg !S_. y r* Qularna Surprize Find out who's giving you prizes this Christmas! ki Deadline: 18 Dec Download omy Apps omy News iOSAppStore Google Play
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  • SGX
    • 8016 21 Transaction date: Dec 13 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.5 8Telecom 11.6 11.5 13 10.6 0.9 9.6 55.6 20 3.2 A-Sonic 10.6 +0.2 3360 10.7 10.2 10.5 10.6 1.2
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    • 1869 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 31 3 31 30.5 27.5 17.1 t 800 Super 24.5 23 24.5 3.2 4.1 7.6 43.8 6.2 2.8 t AA
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    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 4 7 0 0 0 4 4 7 Manufacturing 52 37 39 4 5 11 56 42 50 Commerce 18 16 19 5 4 3 23 20 22 Tpt/Stor/Comms 19 9 8
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    • 826 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 9 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Internet Tech 12-Dec-13 Goh Ching Lai *Buy 61 0.14 ***** 50.77 ***** 50.82 Internet Tech 12-Dec-13 Goh
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    • 121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,529 10,529 50,646 50,646 Manufacturing 257,523 250,242 507,765 98,309 10,656 108,964 Commerce 111,592 171,412 283,004 90,749 22,408 113,158 Tpt/Stor/Comms 109,039 5,088 114,127 167,992 613 168,604 Finance 28,402 64 28,466 169,709 22 169,731 Construction 19,279 45,561
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  • MARKETS
    • 93 25 Dec 12 COCOA (£/tonne) Close Prev High Low Dec 13 1732 1718 1739 1718 Mar 14 1769 1734 1770 1734 May 14 1762 1732 1763 1733 Jul 14 1752 1729 1757 1736 COFFEE(US$/tonne) Close Prev High Low Jan 14 1821 1790 1853 1770 Mar 14 1775 1747 1803 1738
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    • 68 25 Dec 13 GOLD(US$/oz) Dec 13 Dec 12 Hong Kong 1237.00 1264.00 Dec 12 Dec 11 London 1229.50 1256.70 1230.50 1257.45 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.78 24.01 Source: UOB PLATINUM Lon (US$/oz) Dec 12 Close Previous PM Fix 1371.00 1388.00 AM Fix 1380.00 1386.00 Source:
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    • 53 25 Dec 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2580.0 1421 Jan 14 2579.0 2541.0 2585.0 2537.0 1634 ***** Feb 14 2590.0 2562.0 2606.0 2558.0 ***** ***** Mar 14 2603.0 2570.0 2616.0 2567.0 8485 *****
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    • 88 25 Dec 13 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-16 101.55 101.62 101.61 5-Year N*****0T 0.5 01-Apr-18 98.3 98.45 98.45
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    • 155 25 Dec 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1219 1.1227 0.8930 0.8934 Canadian dollar 1.1798 1.1809 0.9397 0.9391 Euro 1.7282 1.7290 1.3756 1.3758 NZ dollar 1.0353 1.0364 0.8241 0.8247 Sterling pound 2.0514 2.0524 1.6329 1.6332
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    • 118 25 Dec 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.147 1.093 Can dollar 1.202 1.156 Euro 1.767 1.683 Sterling pound 2.092 2.012 NZ dollar 1.059 1.019 US dollar 1.281 1.220 Local dollars to 100 units of foreign currency: Currencies Sell
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    • 104 25 Dec 12 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 14 1323.75 1344.00 1347.00 1318.50 Mar 14 1311.50 1328.50 1331.00 1306.00 May 14 1295.00 1309.25 1311.75 1288.75 Jul 14 1283.25 1296.75 1299.75 1276.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 13 39.80 40.20 40.31 39.98
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    • Article, Illustration
      2 25
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    • 68 25 Dec 12 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.77 -0.61 WTI (Near Mth) 97.42 0.02 Dubai (1-Mth F) 106.00 0.30 Tapis blend 114.51 -0.07 Minas 108.31 -0.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.53 0.75 Jet Kerosene 126.61 0.16 US$/barrel OpecOil Basket Price 106.96
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    • 72 25 Dec 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1748.60 1773.25 3 months 1791.00 1817.00 Copper, Grade A (US$/tonne) Cash 7240.50 7225.50 3 months 7226.00 7220.00 Lead (US$/tonne) Cash 2108.50 2126.25 3 months 2126.00 2144.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 373 25 In local curr In S$ In US$ dy yr dy yr dy yr Dec 12 Index Change Change Change Change Change Change World Preliminary 1134.0 -0.5 20.9 -0.4 22.1 -0.6 18.8 EAFE Preliminary 910.4 -0.8 17.5 -1.0 16.8 -1.2 13.6 Europe Preliminary 1287.2 -0.9 12.2
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  • PERSPECTIVE
    • 1293 26 / 27  -  Lee Kuan Yew and Fidel Castro both took office as prime ministers in 1959. The fortunes of S’pore and Cuba then are vastly different now. By Peter A Coclanis By Peter A Coclanis ~The author is Albert R Newsome, Distinguished Professor of History and Director of
      ST FILE PHOTO; PHOTO: BLOOMBERG  -  1,293 words
  • Page 26 / 27 Miscellaneous
    • 347 26 / 27 SATURDAY with Ludwig I like online shopping but I miss driving a hard bargain in a crowd CRYPTIC CROSSWORD Across 1 Alarm rattles building (7) 5 It may lead to quick duck for any batsman (7) 9 Backing writer or flier (5) 10 Throw a fight and spend night worrying?
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  • Wealth
    • 976 28  -  Years after the global financial meltdown, investors are again prioritising asset growth over asset protection WEALTH INSIGHTS John T Hailer ~The writer is president and chief executive office, the Americas and Asia, Natixis Global Asset Management THE global financial crisis had a powerful and lasting
      PHOTO: AFP  -  976 words
    • WEALTH REAL ESTATE
      • 656 30 BOE governor moves to prevent the housing market from reaching ‘warp speed’ Bloomberg London BANK of England (BOE) governor Mark Carney may be struggling to prevent Britain’s housing market from reaching what he calls “warp speed”. About two-thirds of 27 economists in a Bloomberg
        Bloomberg; PHOTO: REUTERS  -  656 words
      • 203 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 6 AND NOV 12, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 4 NON-LANDED Corals At Keppel Bay Apt 08/11/2013 99 4930 ***** 2475 District 5 NON-LANDED Village
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      • 243 30 Bloomberg London UK HOUSE prices rose to a record in November as strengthening demand pushed values higher in all regions of England and Wales, Acadametrics said. Values increased 0.6 per cent from October to an average £238,839 (S$488,884), the real-es-tate researcher and
        Bloomberg  -  243 words
      • 1229 31 Boost from housing recovery and speculation over Fed tapering Bloomberg New York US home-loan securities without government backing are beating debentures from corporate junk bonds to the euro area’s high-est-yielding sovereign notes as America’s housing recovery bolsters the debt for a second year. The
        Bloomberg; PHOTO: AFP  -  1,229 words

  • Page 29 Advertisements
    • 131 29 Tracking markets. Capturing opportunities. Do you have time to do both? At UBS, we work hard to help make our clients even more successful. By harnessing the power of over 900 economists, analysts and strategists including specialists in every major market in Asia Pacific who monitor the markets 24 hours
      131 words



  • Page 32 Advertisements
    • 124 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE WATCH THAT BROKE ALL THE RULES, REBORN. IN 1 972, THE ORIGINAL ROYAL OAK SHOCKED THE WATCHMAKING WORLD AS THE FIRST HAUTE HOROLOGY SPORTS WATCH TO TREAT STEEL AS A PRECIOUS METAL. TODAY THE NEW ROYAL OAK COLLECTION STAYS TRUE
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  • Page 1 Advertisements
    • 60 1 CHRISTMAS Home for Christmas L6-7 LivingBTTHE BUSINESS TIMES WEEKEND DECEMBER 14 -15 2013 HANDS-ON PURSUITS Cityslickers take to workshopping in droves L2-5 DINING Speciality foods spice things up L12 PHOTO BY GREEN BANANA HEALTH Keeping the heart strong L13 DINING Global take on Christmas recipes L8-11 MOTORING Ringing in the
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  • BT Living
    • DESIGN
      • 2403 2 / 3  -  Fun workshops that help unleash the artisan in its participants are fast catching on. By Tay Suan Chiang taysc@sph.com.sg IN a world where off-the-shelf instant gratification is the norm, the idea of making something with one’s bare hands seems like an archaic one. But not to Tyrwhitt General
        PHOTOS: GREEN BANANA; PHOTOS: TGC; PHOTOS: PAPYPRESS; PHOTOS: MYOL  -  2,403 words
    • CHRISTMAS
      • 2027 6 / 7  -  Carefully curated gifts for the home help to fill Christmas stockings to the brim with cheer. By Tay Suan Chiang By Tay Suan Chiang Off the given track Colin Seah, design director at Ministry of Design “I like buying presents throughout the year, especially during my travels
        PHOTOS: BIRKHAUSER, GRAF; PHOTOS: LUCA ZUCCHET  -  2,027 words
    • DINING
      • 4664 8 / 9  -  Chefs from around the world who have settled here share their childhood Christmas memories and recipes. By Debbie Yong By Debbie Yong debyong@sph.com.sg Great gift of life Ivan Brehm Head chef of Bacchanalia on Coleman Street “CHRISTMAS in Brazil was always a big family affair. Food was at
        PHOTOS: YEN MENG JIIN, JOSEPH NAIR, BACCHANALIA; PHOTOS: YEN MENG JIIN, DEBBIE YONG, LIMEHOUSE, VEGANBURG, FILE PHOTO  -  4,664 words
      • 1226 12  -  Haven’t decided what to cook at your own Christmas dinner? We check out some new additions to the local food shopping scene By Jaime Ee jaime@sph.com.sg By Rachel Loi rachloi@sph.com.sg By Debbie Yong debyong@sph.com.sg Swiss Butchery 30 Greenwood AvenueZ6468 7588; and 56 Tanglin Road #01-02Z6235
        PAT CHUN PHOTO: JOSEPH NAIR; PHOTO: DEBBIE YONG  -  1,226 words
    • HEALTH
      • 1336 13  -  Heart disease afflicts a majority of the elderly and the key to keeping one’s heart ‘strong’ is understanding the risk factors and how to manage them Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia
        PHOTO: STOCK.XCHNG  -  1,336 words
    • MOTORING
      • 500 14  -  There are many gifts to choose from this festive season. Most are mass produced, but some are made specially by the brand manufacturer for a select few. As to which the automobile fan would appreciate, there is little doubt. By Samuel Ee By Samuel Ee samuelee@sph.com.sg Audi
        PHOTO OF LEXUS GOLF BAG BY YEN MENG JIIN  -  500 words
      • 265 15  -  Why buy a present this festive season when you can gift an experience? Samuel Ee looks at a different kind of Christmas treat Samuel Ee T’IS the season for gifts and one particularly special present would be an experience in a super sports car, says Gran Superdrive founder
        PHOTO: ARTHUR LEE  -  265 words
      • 336 15  -  By Samuel Ee samuelee@sph.com.sg WHAT do you give someone who has a BMW 7 Series? How about a very special dinner? BMW distributor Performance Motors Ltd has teamed up with culinary specialist My Private Chef to offer owners of BMW’s flagship sedan a private dining experience in the
        PHOTOS: JAMES ONG CK, PERFORMANCE MOTORS  -  336 words
    • SPORTS
      • 900 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent CHRISTMAS is just around the corner and it’s time to be thankful for all the good things that happened this year, especially in the world of sport. Truth be told, sports fans have been spoilt rotten over the
        PHOTOS: REUTERS, AP, GARY GOH/ THE NEW PAPER  -  900 words

  • Page 4 / 5 Advertisements
    • 997 4 / 5 wine dine with BTWeekend AquaMarine Peach Blossoms AquaMarine: Marina Mandarin Singapore, Level 4 6 Raffles Boulevard Z6845 1111 Peach Blossoms: Marina Mandarin Singapore, Level 5 6 Raffles Boulevardd Z 6845 1118 Festive Celebrations at Marina Mandarin Dec 1 to 31, 2013 AquaMarine ups the ante for the festives with Peranakan
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