The Business Times, 16 December 2013

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Total Pages: 28
1 28 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 Monday, December 16, 2013G
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  • 958 1  -  Demand remains strong, especially given the smaller number of deals this year YEAR IN REVIEW: BONDS By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] If you have been following the experts who have been calling an overweight on developed markets, you would conclude that they
    Source: Bloomberg  -  958 words
  • 983 1  -  Prices expected to moderate, but severe corrections not likely: analysts YEAR IN REVIEW: PROPERTY By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] In a year peppered with property measures, it was a financial measure for ensuring fiscal prudence that has stood out as a game changer, with a
    Source: URA, OrangeTee Research  -  983 words
  • Page 1 Advertisements
    • 89 1 BizIT Dealing with personal devices at work DINING OUT Bringing new options to the Table TOPLINE Keeping it all in the family PAGE 5 PAGE 20 PAGE 26 EOY AWARDS Chocolatier’s sweet success PAGE 18 *****1 11 *****4 Markets Digest on Page 2 n- 00 CM OYSTER PERPETUAL SUBMARINER DATE
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  • TOP STORIES
    • 1060 2  -  They cite limited supply coming in the next two years and recovery in demand YEAR IN REVIEW: PROPERTY By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Big office leasing deals this year have focused mostly on decentralised locations but with very limited supply
      Source: CBRE; Source: Jones Lang LaSalle, 2013  -  1,060 words
    • 530 2 Another exciting year ahead for the markets THE Straits Times Index is down about 3 per cent from a year ago. But bondholders are likely to be swilling their champagne. FRONT PAGE TDSR: the property game changer IN a year peppered with property measures, it was a financial
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    • 932 2  -  What Bernanke will say will determine the future of rally WALL STREET INSIGHT By ROB CURRAN LAST week, the United States stock market had its biggest five-session drop since August as jitters about Federal Reserve policy offset positive economic data and even an
      PHOTO: BLOOMBERG  -  932 words
    • MARKETS DIGEST
      • 57 2 Weekly Change ST INDEX 3,066.02 -48.15 KL COMP 1,840.35 +13.40 NIKKEI 225 15,403.11 +103.25 HANG SENG 23,245.96 -497.14 SET INDEX 1,341.13 -20.44 JAKARTA COMP 4,174.83 -5.96 MANILA COMP 5,767.13 -247.81 SEOUL COMP 1,962.91 -17.50 SHENZHEN B 882.85 -14.49 MUMBAI IND 20,715.58 -280.95 DOW 15,755.36 -264.84 NASDAQ 4,000.98 -61.54 S&P
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      • 17 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.744 TAIWAN 5.036 JAPAN 1.475 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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    • 637 4  -  Government to get firms’ feedback on their needs and MTI will push for these Reports by LEE U-WEN in Tokyo leeuwen@sph.com.sg SINGAPORE and Japan are still in the middle of a review of their free trade agreement, with Prime Minister Lee Hsien
      PHOTO: REUTERS  -  637 words
    • 434 4 PRIME Minister Lee Hsien Loong is confident that Japanese firms will put in “very strong” bids when the tender for the upcoming high-speed rail link between Singapore and Kuala Lumpur is eventually called. Japan has its Shinkansen, or bullet train, technology and
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    • 592 4  -  By LEE U-WEN ONG CHOR HAO leeuwen@sph.com.sg ongch@sph.com.sg IT is unavoidable that businesses in Little India will see their earnings take a hit as a result of last weekend’s temporary blanket ban on the sale and consumption of alcohol in the area.
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    • 774 4  -  Economist also sees an opportunity to work with Singapore By CAI HAOXIANG haoxiang@sph.com.sg [SINGAPORE] Israel is placing great importance on its relationship with China, and like Singapore, the tech-nologically-savvy nation is offering its expertise on clean technologies such as renewable energy and water
      PHOTO: ARTHUR LEE  -  774 words
  • Page 2 Advertisements
    • 96 2 ALMATY Beijing Seoul Hong Kong Bangkok\ V M Ho Chi Minh Kuala Lumpur Beijing Almaty 5 times a week Kuala Lumpur Almaty 3 times a week Bangkok Almaty 7 times a week Seoul Almaty 2 times a week Ho Chi Minh Almaty 2 times a week Hong Kong Almaty jJs
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    • 23 2 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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  • Page 3 Advertisements
    • 45 3 c A iS. ■R 7 34 > ■ffr* m f >• t ~T* hn s«c CO-AXiAL CHRONOMETER A 4\ h Swiss mad£ af "k. JL O OMEGA AVAILABLE AT: Ion Orchard 6509 9712 Marina Bay Sands 6225 2393 Raffles City 6338 3676 Resorts World Senfosa 6723 8004
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  • Page 4 Advertisements
    • 99 4 A STAR ALLIANCE MEMBER TLf FROM SINGAPORE TO OVER 45 DESTINATIONS ACROSS AFRICA Starting 3rd December 2013 1)2 t ADDIS ABABA NAIROBI JOHANNESBURG POINTE NOIRE LAGOS KILIMANJARO SGDi,472 SGDi,456 SGDi,o29 SGDijSs SGDi,509 SCDi,527 *Above fares are return Economy Class and inclusive of all taxes Fuel surcharge and could change due
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  • COMPANY NEWS
    • 781 5  -  Use standardised templates or tools to simplify RPT identification: report By MICHELLE QUAH michquah@sph.com.sg RULES governing related party transactions (RPTs) here could be enhanced to better protect minority investors who end up being disadvantaged from such transactions, says a new study on RPTs
      781 words
    • 357 5  -  By ONG CHOR HAO ongch@sph.com.sg THE size of the reverse takeover (RTO) of steel trader Albedo has swelled, with the target company injecting more land in Iskandar, Johor, into the deal. In a regulatory filing, Albedo said it will buy
      357 words
    • 303 5  -  By ONG CHOR HAO By ongch@sph.com.sg CATALIST-listed Hartawan Holdings has completed its acquisition of gold miner Wilton Resources Holdings and will trade under the new name of Wilton Resources Corporation (Wilton Resources) from today. The name change was to reflect the company’s
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    • 1277 5  -  The Iyers are giving the Big Four accounting firms a run for their money, reports MICHELLE QUAH TOPLINE MICHELLE QUAH michquah@sph.com.sg THE public accounting scene in Singapore like anywhere else in the world is dominated by the Big Four firms. In addition
      PHOTO: ARTHUR LEE  -  1,277 words
    • 1533 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying surged while the selling among directors remained low, based on filings on Singapore Exchange in the second week of December. Buyers outnumbered sellers with 18 companies that recorded 37
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  • SINGAPORE MARKETS
    • 694 6  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent FROM the way markets have behaved over the past few years and especially from movements over the past six months, most investors and traders would know that any discussion of where prices might head is heavily
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    • 513 6 CURRENCIES Bloomberg [NEW YORK] The US dollar rose to the highest level against the yen in five years last week, as signs of faster US economic growth added to speculation that the Federal Reserve may trim its US$85 billion of monthly asset
      Bloomberg  -  513 words
    • 875 6 COMMODITIES AFP [LONDON] Crude oil futures retreated last week on oversupply concerns as commodity traders focused largely on the outlook for US Federal Reserve stimulus. Oil: Prices slid on Friday as dealers fretted over a global oversupply in crude, while speculation that
      AFP  -  875 words
    • 1489 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 1.75 1.75 4 10.43 13.53 1.75 1.41 Amtek Engineering Ltd 3.00 3.00 2 0.05 7.69 0.52 0.48 ARA Asset Management Ltd 2.29
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    • 77 6 Dec 13 VALUE CLOSE BT OB/OS -705.00 +35.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 -71.00 FTSE ST Mid Cap 705.30 +3.23 FTSE ST Small Cap 525.42 +0.39 FTSE ST All Share 745.06 +1.90 FTSE ST China Top 194.28 +0.97 FTSE ST China 220.12 +0.83 FTSE
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    • 4 6 WEEKLY
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    • 59 6 VOLUME Charisma Energy 953,466,000 Vallianz Hldgs 691,322,000 Albedo 653,960,000 Blumont 507,067,000 Otto Marine 472,181,000 HanKore 421,674,000 KLW Hldgs 398,525,000 Innopac 199,985,000 HPH Trust US$ 195,030,000 Golden Agri 190,957,000 VALUE($) SingTel 436,549,645 DBS Grp 398,249,305 F&N 352,468,970 OCBC Bk 317,673,610 UOB 217,499,628 Keppel Corp 156,470,602 HPH Trust US$
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    • 119 6 BY CENTS CLOSE UP IS S&P500 ***** 90.5 0.4 Lyxor Indonesia10US$ 7109 67.8 0.8 Hyflux 6% CPS 10 ***** 40.0 0.4 DBXT MSUSA 10US$ 4481 28.9 0.5 DBXT MSINDO 10us$ 1147 25.1 1.8 DBXT FTChina25 10US$ 3107 21.4 0.6 Lyxor Nasdaq100 10US 1407 21.4 1.2 DBXT MSMSIA 10US$ 1526
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    • 131 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -234.9 -1.8 SPDR DJIA 10US$ ***** -212.3 -1.1 Lyxor ThaiSET 10US$ ***** -124.4 -0.8 DBXT MSEurope 10US$ 5744 -120.6 -1.6 JSH 3159 -87.9 -2.2 Lyxor Europe 10 US$ 1471 -82.9 -4.3 Lyxor China H 10US$ 1459 -79.2 -4.1 DBXT MSAsExJp 10US$
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    • 5 6 WEEKLY
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  • Page 7 Advertisements
    • 832 7 ERERGV s'.; .Vi V-H INITIAL PUBLIC OFFERING ftr x-A r h? r a gSSf iDtmFimjRE* LINC ENERGY LTD Investment Merits (incorporated in Australia under the Australian Corporations Act 2001 (Cth) on 29 October 1996) High quality, low risk and oillevered Oil and Gas assets with estimated 3P reserves exceeding US$4.6bn
      832 words

  • SINGAPORE NEWS
    • Article, Illustration
      452 8  -  By MINDY TAN We are Family TWENTY-ONE families left the “We are family” event last week with professional family portraits, thanks to Help-Portrait Singapore and Star PALS (Paediatric Advance Life Support), a service by HCA Hospice Care which provides palliative care for children aged up to 19 years
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    • 815 8 Payment Ex Rec Pay Ann (cts) date date date date AIMS AMP Cap (1 Jul-30 Sep 13) ct 2.750 01-Nov 05-Nov 18-Dec 23-Oct Ascendas Hospitality (10 Jun-30 Sep 13) ag 16.692 18-Nov 20-Nov 20-Dec 13-Nov Boardroom Ltd ca 2.000 05-Nov 07-Nov 20-Dec 30-Oct Cambridge Ind Trust (1 Jul-30
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    • 263 8 Dec 13 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a ...5.50 Chang
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    • 332 8 COMPANY MEETING PLACE DATE TIME Ezra Holdings A Klapsons The Boutique Hotel -eighteen. 1 2 at Level 18 15 Hoe Chiang Road Tower Fifteen 16-Dec 10.00am Triyards Holdings A Klapsons The Boutique Hotel -eighteen.2 at Level 18 15 Hoe Chiang Road Tower Fifteen 16-Dec 3.00pm Soon Lian Holdings
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    • 778 8  -  Growth in online shopping also raises demand for modern warehouses and logistics facilities By MALMINDERJIT SINGH msingh@sph.com.sg IN LINE with the e-com-merce boom here, logistics companies are expecting a jump in their year-end holiday shipment volumes. More than just a seasonal phenomenon, the
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    • 265 8 CITIBANK is partnering The Business Times Budding Artists Fund (BT BAF) this Christmas season to raise funds for children who are receiving assistance from the fund. As part of its 16-day “A Gift from the Heart” campaign, Citi has pledged to match every dollar
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  • Page 8 Advertisements
    • 86 8 CATS Recruit Scholars'Choice 2014 In The Straits Times Engag the of minds futu our re With the upcoming publication of the 22" d installment of The Straits Times CATS Recruit Scholars'Choice, it is clear that this advertising feature remains a distinctive platform from which organisations can showcase their prestigious scholarship
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1947 9  -  Currency conversion charges on overseas purchases give banks substantial profits, says LARRY HAVERKAMP The writer is an adjunct faculty member at Singapore Management University and an instructor in the Citi-SMU Financial Literacy Programme for Young Adults. THERE are pros and cons when using credit cards.
      FILE PHOTO  -  1,947 words
  • Page 9 Advertisements
    • 157 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      157 words

  • MALAYSIA/INDONESIA
    • 862 10 Nostalgia for former president’s legacy could boost Golkar Reuters [JAKARTA] Indonesia’s autocratic former President Suharto left office in disgrace, his political empire and the economy in ruin, but 15 years later, his old ruling party hopes nostalgia for his legacy
      Reuters  -  862 words
    • 672 10 Football club Queens Park Rangers to get new 40,000-seat stadium [PETALING JAYA] Malaysian tycoon Tony Fernandes is planning an ambitious £10 billion (S$20.4 billion) redevelopment of the Old Oak area in West Lond o n anc h ore d b y
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    • 464 10 [KUALA LUMPUR] Petroliam Nasional (Petronas) has awarded the Pan Malaysia offshore transportation and installation (T&I) contracts worth some RM10 billion (S$3.9 billion) to Barakah Offshore Petroleum, Puncak Niaga Holdings and SapuraKencana Petroleum. Barakah unit PBJV was awarded the package A, Puncak Niaga’s GOM Resources
      464 words
    • 1393 10 VOL Dec 13 RM +/-(‘000) VOL Advance Synerg 0.14 -0.01 997 Adventa Bhd 0.92 Ae Multi Hldgs 0.20 -0.01 72 Affin Holdings 4.15 0.03 203 Ahmad Zaki Res Alliance Finan 4.88 -0.08 2225 Aluminium Co 0.14 Amalgamated In unch unch 0 Amcorp Pro Bhd 0.83 unch 207 Ammb
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  • Page 10 Advertisements

  • GREATER CHINA/INDIA
    • 659 11 Rajan may be forced to raise rates again even as industrial output slides in Oct WP [NEW DELHI] India’s con-sumer-price inflation exceeded 11 per cent last month, adding pressure on central bank governor Raghuram Rajan to raise interest rates again even as
      WP  -  659 words
    • 406 11 Reuters [BRUSSELS] China is pressing ahead with an investigation into French and Spanish wine exports despite a deal with the European Union to defuse trade tensions, creating unease about Beijing’s intentions. Beijing began an inquiry in July into whether Europe was selling wine in
      Reuters  -  406 words
    • 471 11 AFP [BEIJING] China’s Jade Rabbit rover vehicle drove onto the moon’s surface yesterday after the first lunar soft landing in nearly four decades, a huge advance in the country’s ambitious space programme. The Yutu, or Jade Rabbit, was deployed at
      AFP; PHOTO: AP  -  471 words
  • Page 11 Advertisements
    • 156 11 A Daimler Brand Leave the office wi leaving the office. I The new S-Class. Vision accomplished. OU Working on the go is now a convenience with the new S-Class, The First Class Rear suite a business console to ensure you stay connected. In addition, a multitude-of seating" atTthe, Chauffeur package
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  • WORLD
    • 849 12 Risk-averse Asian holidaymakers are among those who are staying away AFP [BANGKOK] From backpacker districts to high-end hotels, more than a month of opposition protests in the Thai capital are taking their toll on the kingdom’s tourism sector, with hundreds of thousands
      AFP; PHOTO: AFP  -  849 words
    • 598 12 Reuters [BANGKOK] Thailand’s military offered yesterday to help the politically polarised country hold a “fair and clean” election next year, suggesting the armed forces may play a role in a vote aimed at ending protests seeking to topple the government. The idea
      Reuters  -  598 words
    • 679 12 Initial expense to be borne almost fully by lender’s home nation Reuters [BRUSSELS] The cost of closing down a eurozone bank will initially be borne almost fully by its home country, but the obligations of eurozone partners will gradually rise to
      Reuters  -  679 words
    • 783 12 Big grocers shift strategy to reduce capex and offer better returns to investors Reuters [LONDON] A shift in strategy by Britain’s major grocers, to focus on small local stores that offer higher returns than big supermarkets, is allowing them to cut capital
      Reuters  -  783 words
    • 787 13 Business is losing sales to lower-cost competitors such as in the US Bloomb erg [LONDON] The US shale gas boom is reverberating across Britain’s chemical industry, the nation’s sec-ond-largest export earner. The £20 billion (S$41 billion) chemicals business is losing sales to lower-cost competitors
      Bloomberg; PHOTO: AP  -  787 words
    • 320 13 Reuters [PARIS] The French government will not resurrect a controversial green tax that was suspended following violent protests unless a political consensus is reached on how to apply it, Prime Minister Jean-Marc Ayrault said on Friday. The Socialist government last month froze
      Reuters  -  320 words
    • 882 14 Noel Smyth, who was swept away by property crash, now advises investors Bloomberg [DUBLIN] As Ireland goes, so goes Noel Smyth, one of the country’s richest men until he got swept away by the property crash that cost the state its
      Bloomberg; PHOTO: BLOOMBERG  -  882 words
    • 637 14 NYT [LONDON] Not many people turn down a raise; even fewer denounce the very idea. But leading British lawmakers, burdened by their reputation for mon-ey-grabbing, are fighting this week for the right to reject higher pay. A plan announced by an independent
      NYT  -  637 words
    • 423 14 Those earning above 500k euros a year exempted if not major risk-takers Reuters [LONDON] Bankers in the European Union earning more than 500,000 euros (S$864,500) a year could be excluded from a cap on their bonuses if they are not major risk-takers, according
      Reuters  -  423 words
    • 867 14 AP [PYONGYANG] A senior North Korean official said yesterday that the execution of leader Kim Jong Un’s once-powerful uncle will not lead to changes in economic policies and vowed that the nation would push ahead with an ambitious plan to develop
      AP; PHOTO: AP  -  867 words
    • 258 14 AFP [LAGOS] Nigeria could soon become Africa biggest economy but there is growing recognition that it will be largely symbolic and do little to change lives in the continent’s most populous nation of nearly 170 million people. On paper, the future looks bright for
      AFP  -  258 words
    • 764 16 The ‘Super Ministry’ will lead transition from nuclear power to renewables GERMANY’S NEW-LOOK CABINET AFP [BERLIN] Germany’s new “grand coalition” government on Sunday unveiled Chancellor Angela Merkel’s Cabinet for her third term, with a long-time rival to take its toughest job. Sigmar Gabriel, the
      AFP; PHOTOS: AP, REUTERS  -  764 words
    • 552 16 UN group predicts global 33% rise from 2012 to 2017 Reuters [OSLO] China and other emerging economies have overtaken Western nations in dumping old electronic goods, from television sets to cellphones, and will lead a projected 33 per cent surge in the amount of waste
      Reuters  -  552 words
    • 144 16 AP [QUNU, South Africa] Anti-apart-heid hero Nelson Mandela has been buried in the African ground he loved. His casket was lowered into the earth after military jets and helicopters with South African flags displayed flew over the pallbearers. Government spokesman Phumla Williams said yesterday the
      AP; PHOTO: AP  -  144 words
    • 454 16 Reuters [MILAN] For years, former top Swiss banker Raoul Weil had US charges for allegedly helping rich Americans avoid tax hanging over him. Now that he is due to appear in a Florida court today, his lawyer says he
      Reuters  -  454 words
    • 401 16 Treaty also intended to improve transparency AP [TOKYO] Japan and Myanmar yesterday signed an investment treaty to nurture closer business ties as the once secluded South-east Asian country opens its fast-growing economy to more foreign commerce. Prime Minister Shinzo Abe and Myanmar President Thein Sein
      AP  -  401 words
    • 596 17 Severe wintry weather snarls air traffic, makes roads risky for driving Reuters [NEW YORK] Another round of wintry weather battered the US Midwest and East Coast at the weekend as a massive storm spanning more than 2,540 km dumped heavy snow,
      Reuters; PHOTO: AP  -  596 words
    • 352 17 Bloomberg [MOSCOW] Russia’s central bank cancelled the licences of Investbank, Project Financing Bank and Smolensky Bank as it accelerated a clean-up of the industry and sought to arrest capital outflows from the country. Smolensky is accused of “false statements”, while Project
      Bloomberg  -  352 words
  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 434 13 K ft K \> •r 0 0* i a > V v V» V*w A A The Business Times Maybank Kim Eng Invest Asia 2014 Taking Stock Of Your Future What lies ahead for you, the investor, in 2014? Hear from our distinguished panel of speakers at this seminar as
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    • 56 13 rust Our Knowledge For dl Your Travel Needs (bj budget tour Planners Beyond Expectations ■EEC Company Incentive Trips Church Retreat Packages Free Easy Air Packages ‘Customised Pilgrimage Tours Malaysia Coach Tours Local Sightseeing Tours ♦Coach Hire (Singapore Malaysia) Cruises BudgetTour Planners Pte Ltd 51 Cuppage Road, #06-17 Singapore *****9 t:
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  • Page 14 Advertisements
    • 51 14 I n ASIA’S LARGEST Educational Kids’ Fair join us at Asia's Largest Education Fair! Singapore Expo Hall 5 21 -23 March 2014 BOOK NOW! Limited Booths available! For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foo 9008 9391 jefffoo@sph.com.sg Organised by: sphere A SUBSIDIARY OF
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  • Page 15 Advertisements
    • 183 15 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 17 Advertisements
    • 1719 17 beats 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 MF GLOBAL SINGAPORE PTE. LIMITED (IN CREDITORS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****3253G) NOTICE OF INTENDED SECOND INTERIM DIVIDEND Dated this 16 th day of December 2013 BOB
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  • ERNST & YOUNG EOY AWARDS
    • 383 18  -  By FELDA CHAY feldac@sph.com.sg THE night of Nov 14 was a sweet one for chocolatier Paul Loo Lim Guan, who went home as the overall winner of EY’s Entrepreneur of the Year 2013 for Singapore but not before a night of celebration at the Ritz Carlton hotel.
      PHOTOS BY ERNST & YOUNG  -  383 words

  • AVIATION/SHIPPING
    • 967 19 US Transportation Dept reacts to public outrage to FCC plan to lift cellphone ban NYT [WASHINGTON] The US Transportation Department said that it would consider banning the use of cellphones for voice calls onboard airplanes, a reaction to public outrage at a Federal
      NYT  -  967 words
    • 503 19 Move enhances Greek-Chinese cooperation Xinhua [ATHENS] Chinese technology and communication solutions giant Huawei inaugurated on Thursday a pilot distribution centre at Piraeus port, another significant step enhancing cooperation between Greece and China. The official opening of the distribution centre, at the premises of Chinese multinational
      Xinhua  -  503 words
    • 335 19 Bloomberg [CHICAGO] Boeing is reviewing 54 sites in 22 states for production of its 777X aircraft after talks with its largest labour union ended. The Chicago-based planemaker responded to a Machinists union proposal last week with a counteroffer that would have
      Bloomberg  -  335 words
    • 433 19 It’s led by advancing rates to haul coal, iron ore, grains Bloomberg [LONDON] Shipping is at the start of a two-year rally, led by advancing rates to haul coal, iron ore and grains, as fleet growth slows and China’s strengthening economy
      Bloomberg; FILE PHOTO  -  433 words
    • 234 19 SGX '000 Dec 13 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg unch unch 0 Cosco Corp 0.74 0.03 4495 Vol First Ship Lea Grand Banks.................0.22 unch 104 Jaya Hold Ltd 0.68 -0.01 240 K1Ventures 0.19 unch 512 Keppel Corp 10.76 -0.10 3063 Mercator Lines 0.11 unch 153
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  • Page 19 Advertisements
    • 23 19 I N LIANHE ZAOBAO Renminbi in 2014: biggest upside potential expected ***** ARifi 9HBSIQ USSR To subscribe, call 6388-3838 or go to sphsubscriptlon.com.sg
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  • Page 19 Miscellaneous
    • 290 19 CRYPTIC CROSSWORD Across 7 Diverting incident involving teams in what way? (8) 9 Eventually book on time (2,4) 10 Conflict in street prevalent (6) 11 Girl, Flower Queen (8) 12 Former PM visiting basic military training ground (9,5) 15 Clue would be perfect if shortened (4) 17 Puzzle concerning old
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  • DINING OUT
    • 893 20  -  Rang Mahal’s Table restaurant is spicing up the culinary mix in the eatery-packed Seah Street area, writesJAIME JAIME EE NEW RESTAURANT Table By Rang Mahal Naumi Hotel 41 Seah Street Tel: 6403 6005 Open daily for lunch and dinner: 12pm to 2.30pm; 6.30pm to
      PHOTOS: JAIME EE, TABLE BY RANG MAHAL  -  893 words
  • Page 20 Advertisements
    • 98 20 mensHedim Singapore URBmTHL0N20Uf MENSHEALTH.COM.SG THE TOUGHEST URBAN RAGE EVER! UKM ROUTE, 9 URBAN UBSTACLES i V m V A m ■u 7i mi 2923 f ma&/ I .w MARCH 2,2014 (SUN) »7AM •THE FLOAT AT MARINA BAY THIS YEAR’S RACE IS GUARANTEED TO RE YOUR TOUGHEST EVER, WITH 5 NEW
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    • 157 20 Wine, Dine Hospitality Highlights 4 CHRISTMAS SURPRISES AT CONRAD A selection oj delightful indulgences this holiday season 29 November to 25 December 2013 Savour a delicious array of culinary delights and gourmet takeaways including Santa's Signature Log: Passion Fruit, Ivory Coconut, Rum Raisin and a choice of exquisite hampers. V
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  • SINGAPORE STOCKS
    • 3336 21 Week ended: Dec 13 52-wks Last Vol Week 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 Last Sale Vol ('000) Week Last Quote High Low Buyer Seller 188 106 AIMSAMPIReit 141 -3.5 5959 146
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    • 317 22 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Last Vol Week 2.4 1.1 t Advanced System 1.1 -0.1 1205 1.2 1.1 1.1 1.2 17.5 Net M Cap
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    • 117 22 Stock name Close Change CapMallsAsia 1.925 +0.020 CapitaLand 2.960 CapitaMall 1.860 +0.010 CityDev 9.470 -0.040 ComfortDelGro 1.935 +0.010 DBS Grp 16.560 -0.040 GLP 2.910 +0.020 Genting SP 1.455 -0.005 Golden Agri 0.550 -0.015 HK Land 5.800 Stock name Close Change HPH Trust US$ 0.640 JMH 51.390
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    • 1986 22 Transaction date: Dec 13 HONG KONG Vol HK$ +/-'000 Aeon Stores '000 Angang Steel 5.69 0.22 ***** Anhui Conch unch Anhuiexpresswa 4.33 0.02 748 Asia Satellite 30.00 unch 483 Asm Pacific -0.20 Avic Ihl Baiyunshan Ph Bank Of China 3.62 0.03 *****2 Bank Of E Asia 32.80 0.10
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    • 276 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 31.9 AVJennings A55 -3 14 58 55 56 59.5 3.6 6.4 4.5 203.6 52 32.5 Genting HK US$ US41 -5 *****2 46 40 40.5 41 2699.7
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    • 186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 2 0 0 0 5 8 2 Manufacturing 56 80 37 11 13 9 67 93 46 Commerce 21 34 16 6 6 6 27 40 22 Tpt/Stor/Comms 12 26 5
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    • 1017 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 123 107.1 ABF SG Bond ETF 113 +1 15 113 113 112 113 515.8 143 125 CIMB APAC Div 100S$D 125 -4 5 125 125 124.1
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    • 123 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 62,726 62,726 260,176 260,176 Manufacturing 1,280,478 492,621 1,773,099 838,203 19,060 857,263 Commerce 510,657 1,549,486 2,060,143 366,243 144,733 510,976 Tpt/Stor/Comms 549,309 32,291 581,600 871,118 3,946 875,064 Finance 295,148 468 295,616 1,012,896 162 1,013,058 Construction 218,348 966,921
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    • 26 22 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 716 23 Dec 13 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.89 *****.94 *****.45 Mar14 *****.00 *****.00 *****.00 *****.00 *****0 *****6 Jun14 *****.00 *****.00 *****.00 *****.00 0 1753 MSCI TAIWAN INDEX FUTURES SPOT 293.86 294.97 293.42 Dec13 295.20 295.70 292.80 294.40 ***** *****0 Jan14 295.20
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    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr Dec 13 Index Change Change Change Change Change Change World Preliminary 1132.9 0.0 20.8 -0.1 21.9 -0.1 18.6 EAFE Preliminary 909.6 -0.1 17.4 -0.2 16.6 -0.2 13.4 Europe Preliminary 1285.4 -0.1 12.0
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    • 471 23 Dec 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.951 5.425 0.649 6.925 55.472 108.211 0.926 9.403 2.893 1.083 95.729 39.430 1.122 9.304 0.794 26.492 28.640 0.547 0.893 Canada 1.052 5.705
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    • 40 23 Dec 13 (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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    • 88 23 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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    • 136 23 Dec 13 GOLD(US$/oz) Dec 13 Dec 12 Hong Kong 1237.00 1264.00 Dec 13 Dec 12 London 1235.50 1229.50 1236.50 1230.50 Source: Thomson Reuters CAST BAR Dec 13 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 111 49 5gm 315 246 10gm 563 492
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    • 53 23 Dec 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 13 2580.0 1421 Jan 14 2579.0 2541.0 2585.0 2537.0 1634 ***** Feb 14 2590.0 2562.0 2606.0 2558.0 ***** ***** Mar 14 2603.0 2570.0 2616.0 2567.0 8485 *****
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    • 155 23 Dec 13 Against S$ 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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    • 109 23 Dec 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1327.50 1323.75 1328.00 1312.25 Mar 14 1313.75 1311.50 1314.75 1299.25 May 14 1297.00 1295.00 1298.00 1284.25 Jul 14 1284.00 1283.25 1284.75 1272.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 13
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    • 94 23 Dec 13 COCOA (£/tonne) Close Prev High Low Mar 14 1767 1769 1777 1760 May 14 1758 1762 1768 1751 Jul 14 1747 1752 1758 1741 Sep 14 1743 1746 1753 1737 COFFEE(US$/tonne) Close Prev High Low Jan 14 1816 1821 1850 1775 Mar 14 1799 1775 1813 1760
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    • 1148 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.4 1 123 326 72.50 5 Acma Ltd W*****7 Price Albedo Limited W*****9 4.6 halt 9974 Ascendas Reit MB ECW*****3 2.9 0.2 240 3
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    • 70 23 CRUDE OIL PRODUCTS Dec 12 CRUDE (FOB origin) US$/barrel 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
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    • 22 23 Dec 13 S$ Bid Offer 1-month 1.2563 1.2567 2-months 1.2562 1.2566 3-months 1.2562 1.2566 6-months 1.2558 1.2563 Source: OCBC
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    • 65 23 Dec-13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1755.25 1748.60 3 months 1799.00 1791.00 Copper, Grade A(US$/tonne) Cash 7276.50 7240.50 3 months 7255.00 7226.00 Lead(US$/tonne) Cash 2133.00 2108.50 3 months 2150.00 2126.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months *****.00
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    • 121 23 As at 9am 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
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    • 157 23 Dec 13 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ 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
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    • 17 24 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times
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  • Page 25 Advertisements
    • 92 25 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 941 26  -  Banning not the way, security strategisttellsVICTORIA VICTORIA HO MOSTexecutivesdon’t seek permission for the gadgets or software they use for corporate tasks in their offices, and it’s time companies stopped fighting this trend, say industry experts. Blue Coat’s chief security strategist and senior vice-president, Hugh Thompson,
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    • 734 26  -  US$120m hub is the latest in build-ups of such facilities here By VICTORIA HO GOOGLE’S data centre in Singapore went live last week, almost exactly two years after the search giant broke ground on the 2.45hectare site in Jurong West. The US$120 million facility
      734 words
    • 683 26  -  By KEVIN KWANG THE strong momentum of OpenStack in the Asia-Pacif-ic region in 2013 was one development that took Rackspace Asia-Pacific CTO Alan Perkins by surprise and, with it, he is expecting to see increased adoption of open source cloud initiatives in the
      683 words
    • 1128 27  -  Integrated systems, convergence of technology trends and big data analytics will be key themes next year. ByAMIT ROY CHOUDHURY YEAR IN REVIEW: TECHNOLOGY ByAMIT AMIT ROY CHOUDHURY amit@sph.com.sg IN A continuation of a trend that has been apparent over the past couple of years,
      PHOTO: AP  -  1,128 words
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    • 312 26 The Peak Selections: Gourmet Travel would like to congratulate the following Top 12 award winners of G Top 100 Wines 2013 MOST DRINK ABLE RED WINE S a t o Pi no t N o i r 2011 RED WINE OF THE YEAR V ega Si c il i a
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    • 244 28 MICLYN EXPRESS OFFSHORE LTD IS PLEASED TO ANNOUNCE THE SUCCESSFUL COMPLETION AND NAMING OF RESOLUTION 70M DP2 5000 BHP ROV SUPPORT VESSEL MICLYN EXPRESS OFFSHORE v Jf TV •m 1 IV AWB i .r tiM r aivrnmmm 1BI9 ft k—— A Pry W* >r h -i lg*l VESSEL SPECIFICATIONS Class
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