The Business Times, 25 December 2013

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Microfilm: NL32903
Total Pages: 39
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES www. usinesstimes.com.sg WEDNESDAY, DECEMBER 25, 2013 S$1.00| MCI (P) 085/08/2013 S|jh a SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article, Illustration
    Lock icon GIC buys Blackstone’s 50% stake in London business asset
    706 1  -  Broadgate estate comprises 1 7 office buildings 6% of the City’s office space By Ong Chor Hao ongch@sph.com.sg Singapore GIC added another feather to its cap of prominent international property acquisitions, as it acquired the entire 50 per cent stake in
    706 words
  • Article, Illustration
    Lock icon The Last Reindeer
    543 1  -  A BT Christmas Tale By Kelly Tay ‘Twas the night before Christmas All kids were in bed, The promise of Santa Wove through little heads. “A puppy? A toy train? I wonder what I’ll get,” Wondered Johnny aloud As he played wish-list roulette. But up at the
    543 words
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      49 1 the PERSPECTIVE There’s good poor, and there’s bad poor 28-29 EXECUTIVE MONEY Commodities set to bounce back in 2014 39 COMPANIES How Choo shaped Keppel for the future 12 BT wishes all its Christian readers a Merry Christmas. There will be no Business Times tomorrow. Publication resumes on Friday.
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  • TOP STORIES
    • Article, Illustration
      Lock icon S’pore to explore advanced tech for police use
      712 2  -  PM Lee notes that technology such as CCTV could be used to help deal with situations such as the Little India riot By Malminderjit Singh msingh@sph.com.sg Singapore TO better equip officers to deal with situations such as the Little India riot, the
      PHOTO: LAU FOOK KONG/THE STRAITS TIMES  -  712 words
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,127.29 (+11.07) GSTI FUTURES 3,127.00 (+11.00) GSIMSCI 360.41 (+1.80) GSIMSCI FUTURES 360.90 (+2.10) STOCKS Tuesday Change KL COMP 1,835.49 +2.63 NIKKEI 225 15,889.33 +18.91 HANG SENG 23,179.55 +257.99 SET 1,328.08 +1.94 JAKARTA 4,202.84 +13.23 MANILA 5,854.88 +19.75 KOSPI 2,001.59 +4.70 SHENZHEN B 853.63 -2.04 MUMBAI IND 21,051.18 -49.85
        59 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.689 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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      • Article
        Lock icon FOREX
        50 2 FOREX US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.635 2.072 EURO (US$/S$/€ 1.369 1.735 Foreign currency per US$ S$ YEN 104.20 82.20 RM 3.294 2.598 HK$ 7.754 6.117 BAHT 32.75 25.84 RUPIAH 12,240 9,656 RENMINBI 6.071 4.789 INDIAN RUPEE 61.87 48.81 A$ 1.122 0.885 NZ$ 1.222 0.964
        50 words
    • Article, Illustration
      Lock icon Changi plans more self-boarding gates
      408 3  -  Trial shows automated gates cut boarding time by half, freeing staff to perform other duties By Nisha Ramchandani nishar@sph.com.sg Singapore CHANGI Airport will roll out more self-boarding gates at its terminals from April, following a successful trial which showed boarding time cut by up to
      PHOTO: RAJ NADARAJAN/THE STRAITS TIMES  -  408 words
    • Article
      Lock icon PICTET
      273 3 Pictet-Absl Rtn Fxd Inc-HP EUR 19/12/2013 EUR 100,98 Pictet-Absl Rtn Glo Div-P EUR 19/12/2013 EUR 112,75 Pictet-Asian Equities Ex Japan-P USD 20/12/2013 USD 180,25 Pictet-Asian Local Currency Debt-P USD 20/12/2013 USD 142,13 Pictet-Biotech-P USD 19/12/2013 USD 539,25 Pictet-Clean Energy-P USD 19/12/2013 USD 82,92 Pictet-Digital Communication-P USD 19/12/2013 USD 201,63
      273 words
    • Article, Illustration
      Lock icon More visitors – but spending didn’t rise proportionately
      1313 4  - More visitors but spending didn’t rise proportionately Hotels’ income dipped in the face of increased supply, a strong Sing dollar and weaker corporate demand year in review: tourism By Nisha Ramchandani nishar@sph.com.sg Singapore EVEN as tourism growth in Singapore is expected to slow in the next decade from the previous
      FILE PHOTO  -  1,313 words
    • Article, Illustration
      Lock icon Singing, dancing and cooking up festive joy
      221 5  -  By Yen Meng Jiin yen@sph.com.sg Singapore CHEFS distinguish themselves by their exceptional culinary skills. This Christmas, chefs from Swissôtel Merchant Court will showcase their other creative skills for the first time to bring cheer to diners. They will don Christmas hats and sway
      PHOTO: YEN MENG JIIN  -  221 words
    • Article, Illustration
      Lock icon Falling gold prices lure American buyers
      675 5 Increasing consumer confidence and discounts by retailers lead to year-end surge in jewellery sales Reuters New York TUMBLING gold prices, growing consumer confidence and aggressive discounting by retailers have Americans flocking to jewellers’ counters this holiday shopping season. The US gold jewellery industry is
      Reuters; PHOTO: REUTERS  -  675 words
    • Article, Illustration
      Lock icon 100 years on, the Fed reaches far and wide
      980 6 Its original architects would have been shocked to know the extent of its influence today AP Washington THE press called it an early Christmas present for US President Woodrow Wilson: On Dec 23,1913, Congress passed legislation creating the Federal Reserve. Hours
      AP; PHOTO: AP  -  980 words
    • Article, Illustration
      Lock icon App makers get set for Christmas Day rush
      1041 7 Dec 25 has become the most lucrative day of the year for mobile app developers, when people unwrap shiny new gadgets and load ’em up WP San Francisco WHEN Walt Disney Co began considering the best time to release an iPad version
      WP; PHOTO: DISNEY ONLINE  -  1,041 words
    • Article, Illustration
      Lock icon For babes now, Toyland has a digital bent
      1193 8 Children’s passion for playing with traditional, non-electronic toys seems to be diminishing at earlier and earlier ages NYT New York THE children come day after day, lining up in the cold and snow on Main Street in Midland, Michigan, to wait their
      NYT; PHOTO: NYT  -  1,193 words
    • Article, Illustration
      Lock icon Order online, collect at store on Xmas eve
      692 9 US retailers trying out new ways to attract Christmas shoppers making purchases at the 1 1 th hour Reuters New York RETAILERS in the United States are trying new ways to win over Christmas procrastinators. Brick-and-mortar chains seeking ways to improve this
      Reuters; PHOTO: AP  -  692 words
    • Article
      Lock icon Finland wants more from Santa Claus
      584 9 AFP Helsinki AS a brand, Santa Claus has one major flaw: he is only really valuable for a few weeks at the end of each year. In Finland, they’re trying to do something about this. Petri Paarnio, director of Santa Claus Licensing, the firm
      AFP  -  584 words
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      27 2 CONTENTS NEWS Top Stories 2-9 Perspective 28-29 Shipping Times 30-32 Stocks Stats 33-37 Companies 10-13 Singapore 14-15 World 16-23 TC Hub 24-27 Crosswords 25 Executive Money 38-40
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      136 5 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALBEDO RESOURCES PTE LTD (In Creditors’ Voluntary Liquidation) UEN *****6308H NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held on the 23rd day of December 2013, the Special Resolution
      136 words
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      49 7 HWM GADGETS Fresh Gear, Great Deals! GADGETS J WIN! Download HWM GADGETS onto your iPad for free and stand a chance to win a Parallels Desktop 9 for Mac worth $98! Stay up-to-date on the latest launches in town Enjoy special promotions from brands and retailers „G GADGETS sPHmagazines
      49 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      77 9 Myanmar Supply Chain Management Conference 2014 4-6 March 2014 Traders Hotel, Yangon www.mscm.sphereconferences.com New Dates, New Pricing! Early bird discounts till 1st Dec 2013. Save up to USD 441 Opening Address by H.E U Nyan Htun Aung, Minister for Transport, Union of Myanmar Philippe Ruffier H Bob Travers Johnson Johnson
      77 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Hoteliers in for another challenging year: analysts
      1016 10  -  Subdued global business sentiment, strong S$, stiff competition cited By Angela Tan angelat@sph.com.sg Singapore ANDREW Cunning is used to being greeted by the whiffs of freshly cut imported flowers at the lobby of a five-star hotel whenever he visited Singapore. These days, however,
      FILE PHOTOS  -  1,016 words
    • Article
      Lock icon C&G to sell waste-to-energy business in China for 1.85b yuan
      341 10  -  By Jacquelyn Cheok jaccheok@sph.com.sg Singapore C&G Environmental Protection Holdings will be selling its waste-to-energy (WTE) business, assets and principal operating subsidiaries in China to Shang-hai-listed Grandblue Environment for 1.85 billion yuan (S$383 million), as it focuses on expanding its businesses
      341 words
    • Article, Illustration
      Lock icon Are Tigerair’s latest tie-ups more meow than roar?
      1197 11  -  Alliances a shrewd move but call for investor patience. By Lee Meixian NEWS ANALYSIS By Lee Meixian leemx@sph.com.sg IN one fell swoop, Tigerair has struck strategic alliances with three airlines, a move aimed at accelerating the budget airline group’s business growth in
      ST FILE PHOTO  -  1,197 words
    • Article, Illustration
      Lock icon How Choo shaped Keppel for the future
      1394 12  -  Outgoing CEO reflects on his five-year tenure one of the group’s most profitable periods in its 45-year history By Lisa Lee lisalcc@sph.com.sg Singapore AS Keppel’s group CEO Choo Chiau Beng hands over the baton to a new team over the next few weeks,
      PHOTO: ARTHUR LEE  -  1,394 words
    • Article, Illustration
      Lock icon Stocks up again as Wall St hits another record high
      573 13  -  STOCKS| R Sivanithy sivan@sph.com.sg Senior Correspondent THE Straits Times Index managed a fourth consecutive rise yesterday after Wall Street hit yet another all-time high. For the S&P 500, its 0.5 per cent rise to 1,827.99 on Monday was its 42nd
      573 words
    • Article
      Lock icon Full steam ahead for Sembcorp’s UK energy-from-waste plant
      355 13  -  By Lisa Lee lisalcc@sph.com.sg Singapore SEMBCORP Industries (SCI) has achieved financial close for its new energy-from-waste plant to be built at its UK Wilton facility. Most of the £250 million (S$513 million) project cost will be funded through long-term non-recourse loans from
      355 words
    • Article
      Lock icon TOP 20 ACTIVES
      170 13 VOL CLOSE Char i sma Energy 237,294 7.4 0.3 4 2 Va l l i anz H l dgs 1 60,940 18.3 2.4 1 5 1 Albedo 1 08,246 5.2 0.1 2 0 Oceanus 79,979 2.4 0.4 20 0 HanKore 76,922 8.0 0.2 2 6 Otto Mar
      170 words
    • Article
      Lock icon STI STOCKS
      113 13 Stock name Close Change CapMallsAsia 1.960 +0.035 CapitaLand 3.020 +0.040 CapitaMall 1.900 +0.020 CityDev 9.610 +0.100 ComfortDelGro 1.990 +0.010 DBS Grp 16.84 -0.010 GLP 2.860 +0.010 Genting SP 1.465 -0.005 Golden Agri 0.540 +0.005 HK Land 5.810 -0.060 HPH Trust US$ 0.655 JMH 51.60 -0.520 JSH 31.80 +0.010
      113 words
    • Article
      Lock icon TOP GAINERS
      58 13 BY CENTS CLOSE UP Lyxor Nasdaq100 10US 1428 26.6 1.5 F&N 597 26.0 4.6 OCBC Bk.ES.1312 1011 24.0 2.4 DBXT MSAsExJp 10US$ 3362 21.5 0.5 CIMBAsean40 100US$ 1008 16.5 1.3 Keppel Corp 1109 16.0 1.5 DBXT CSI300 10US$ 717 10.1 1.1 DBXT S&P500 10US$ 3020 10.1 0.3 B
      58 words
    • Article
      Lock icon TOP LOSERS
      56 13 BY CENTS CLOSEDOWN GLD 10US$ ***** -68.3 -0.5 JMH 5160 -65.8 -1.0 DBXT MSJAP 10US$ 4637 -27.8 -0.5 DBXT FTVietnam 10US$ 2428 -26.6 -0.9 GP Bat 68.5 -8.5 -11.0 HK Land 581 -7.6 -1.0 Lyxor AsiaRE 10US$ 886 -6.3 -0.6 IndoAgri.ES.1312 87.5 -5.5 -5.9 Venture Corp 768 -4.0
      56 words
    • Article
      Lock icon US firm extends US$30m facility to Blumont
      375 13  -  By Kenneth Lim kenlim@sph.com.sg Singapore UNITED States firms Platinum Partners and Jett Capital Advisors are helping to provide financing for yet another of the companies affected by October’s penny stock crash. Blumont Group yesterday agreed on a US$30 million secured loan facility by
      375 words
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      64 11 16 18 July 2014 Marina Bay Sands, Singapore r era ASIA www.OfficExpoAsia.com Singapore’s finest dedicated event for total office and business solutions Be involved. Exhibit with Us. Email: OEA@bizlink.com.sg Tel: (65) 6848 5938 Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sfh Blk 8 Lorong Bakar Batu, #07-07
      64 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon S’poreans selective about overseas postings
      886 14  -  Factors they consider include location, duration, availability of spousal employment and education for kids By Vivien Shiao vshiao@sph.com.sg SINGAPOREANS are by and large not keen to work overseas for an extended period even if it helps to boost their career in the long run, say
      PHOTO: STOCK.XCHNG  -  886 words
    • Article, Illustration
      Lock icon S$ bonds recover after first losses since 2005
      877 15 Dollar bonds show signs of bouncing back after losing 2.9% this year despite US plans to taper stimulus Bloomberg Singapore SINGAPORE dollar bonds, set for their first loss since 2005, are showing signs of recovery even as the US Federal Reserve delivers
      Bloomberg; FILE PHOTO  -  877 words
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  • WORLD
    • Article
      Lock icon Regulators eye brokers selling complex products
      671 16 Tougher standards considered as some brokers now plead ignorance themselves NYT New York FOR years, regulators have typically pursued brokerage firms over the failure of investments they sold rather than going after individual stockbrokers, because the target was larger and the possibility of reaching
      NYT  -  671 words
    • Article
      Lock icon JP Morgan to raise bonus for bankers; bond traders face cut
      372 16 Bloomberg New York JPMORGAN Chase Co plans to boost bonuses for investment bankers while Morgan Stanley increases the cash portion of year-end payouts, the Wall Street Journal reported, citing unidentified people. Some JPMorgan bankers will get an average increase
      Bloomberg  -  372 words
    • Article, Illustration
      Lock icon Happy holidays, now watch your heart
      444 16 AP Chicago NOT to dampen any holiday spirits, but studies show that heart troubles rise this time of year. It is not just a Western phenomenon. Recent research in China found the same thing. The increase includes fatal and non-fatal heart attacks and a
      AP; PHOTO: AFP  -  444 words
    • Article, Illustration
      Lock icon Tokyo passes record 95.9t yen Budget
      754 17  -  Higher expenditure will be offset by increased taxes, as economy improves By Anthony Rowley in Tokyo JAPANESE Prime Minister Shinzo Abe’s Cabinet yesterday approved a record 95.9 trillion yen (S$1.17 trillion) Budget for fiscal 2014 to meet rising policy spending on social security, public
      PHOTO: REUTERS  -  754 words
    • Article
      Lock icon US$40m fund for families of Rana Plaza victims
      378 17 AP Dhaka SEVERAL prominent retailers and labour groups have joined with the Bangladesh government to create an estimated US$40 million compensation fund to aid families of the victims of the Rana Plaza factory building collapse which killed more than 1,100 workers and
      AP  -  378 words
    • Article
      Lock icon India probes billionaire Agarwal’s Hindustan deal
      306 17 Bloomberg Mumbai INDIA’S top investigating agency started a probe into the role of billionaire Anil Agarwal and some government officials in the sale of a stake in Hindustan Zinc Ltd, citing irregularities in the divestment process. A preliminary inquiry has been initiated into Mr
      Bloomberg  -  306 words
    • Article, Illustration
      Lock icon Swiss banks try to fend off US crackdown
      912 18 The nation’s 300 banks scramble to meet Dec 31 deadline to seek amnesty for helping US clients dodge taxes Bloomberg Geneva SWITZERLAND’S 300 banks have enlisted an army of auditors, lawyers and in-house workers as they race to meet a Dec 31
      Bloomberg; PHOTO: REUTERS  -  912 words
    • Article
      Lock icon China’s cash squeeze eases after PBOC injects funds
      409 18 Reuters Shanghai CHINA’S interbank cash crunch eased yesterday after the central bank injected funds through normal channels for the first time in three weeks, but traders warned that conditions remained tense. The People’s Bank of China (PBOC) yesterday morning added 29 billion
      Reuters  -  409 words
    • Article, Illustration
      Lock icon China state media blasts irk foreign firms
      1153 19 Carmakers among latest under criticism, accused of ‘unfair prices’ for parts Bloomberg Tokyo AS Chinese President Xi Jinping promises the nation’s biggest market opening in two decades, the reality for some of the most successful foreign companies in the country is a raft
      Bloomberg; PHOTO: AFP  -  1,153 words
    • Article, Illustration
      Lock icon Bank reforms show EU resolve to lurch forward
      1029 20 Complexity, delay, interim steps, optout clauses are all part of the toolkit of EU architects and plumbers Reuters Brussels THE European Union does not draw straight lines. Last week’s tortuous agreement on a common system for shutting failed banks exemplifies the awkward,
      Reuters; PHOTO: AFP  -  1,029 words
    • Article
      Lock icon Chinese broker applies to trade on LME floor
      312 20 Reuters London A UNIT of one of China’s top securities brokers has applied to trade on the floor of the London Metal Exchange (LME) in the latest move by Chinese institutions to expand into global natural resource markets. The move comes as
      Reuters  -  312 words
    • Article
      Lock icon Fines on banks add up to US$43b this year
      721 21 US federal and state authorities alone collect US$40b in penalties for mis-selling to rigging to risky trades Reuters London US and European regulators fined banks record amounts this year, imposing penalties and settlements of more than US$43 billion as authorities work
      Reuters  -  721 words
    • Article, Illustration
      Lock icon Kalashnikov, designer of the AK-47, dies at age 94
      651 21 Reuters Moscow MIKHAIL Kalashnikov, the Russian designer of the AK-47 assault rifle which has killed more people than any other firearm in the world, died on Monday aged 94, officials said. Mr Kalashnikov, who was in his 20s when he created
      Reuters; AP FILE PHOTO  -  651 words
    • Article, Illustration
      Lock icon BlackBerry deal bolsters Foxconn’s makeover
      912 22 Agreement to help design smartphones is a step up the value chain Reuters Taipei FOXCONN’S BlackBerry Ltd deal marks the Taiwanese firm’s biggest step up the value chain a chance to not just assemble smartphones, but help design them, too. The agreement to design and
      Reuters; PHOTO: AFP  -  912 words
    • Article, Illustration
      Lock icon China one child policy change set for Q1 next yr
      270 22 Reuters Shanghai CHANGES to China’s strict one child policy, which will allow more parents to have a second child, will begin to roll out early next year, the country’s family planning commission told official media. The policy change is expected
      Reuters; PHOTO: REUTERS  -  270 words
    • Article, Illustration
      Lock icon The fraternity path to well-paid finance jobs
      1394 23 Male students leave college women trailing as secret handshakes rule on Wall Street Bloomberg New York CONOR Hails, head of the University of Pennsylvania’s Sigma Chi chapter, was in a Philadelphia hotel ballroom last month for a Barclays Plc recruiting reception. A friend
      Bloomberg; PHOTO: AFP  -  1,394 words
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  • Page 19 Advertisements
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      65 19 Into its 11thedition Participate In Singapore’s MEGA FOOD Singapore’s MEGA BEVERAGE FAIR SUNTEC Singapore Halls 401-403 27th Feb 2nd Mar 2014 Book Now *Limited Booths Available! *****620 or Email: sales@exhibitsinc.com.sg Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD FOOD FAIR AND CONSUMER ELECTRONICS EXHIBITION) BLOCK 8, LORONG
      65 words
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  • TRANSPORT HUB : SHIPPING
    • Article, Illustration
      Lock icon A mixed year with some lessons relearned
      900 24  -  It’s fair to say the shipping industry bids farewell to 2013 in better shape than it welcomed it STRAIT TALK| By DAVID HUGHES FOR many in the shipping industry, 2012 was a terrible year. So this year did not need to be excellent
      PHOTO: AFP  -  900 words
    • Article
      Lock icon Bumi Armada shares edge up after RM4.6b deals
      451 24  -  Firm will deploy, operate and maintain a FPSO vessel in Kraken By S Jayasankaran Kuala Lumpur SHARES in Malaysian oil field services firm Bumi Armada moved up slightly (0.25 per cent) to RM3.99 apiece after it announced that it had bagged two
      451 words
    • Article
      Lock icon TRANSPORT STOCKS
      239 24 SGX '000 Dec 24 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 0.01 20 s$ Cwt Limited...............1.32 -0.01 113 Vol First Ship Lea Grand Banks.............unch unch 0 Jaya Hold Ltd 0.69 unch 228 K1Ventures 0.19 unch 380 Keppel Corp 11.09 0.16 2164 Mercator Lines unch unch 0
      239 words
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  • TRANSPORT HUB : AVIATION
    • Article
      Lock icon M’sia Airports ups stake in Istanbul airport
      293 25 It acquires 40% stake from Indian partner GMR, blocking Turkish rival Bloomberg Istanbul MALAYSIA Airports Holdings Bhd said it plans to take majority control of its venture running Istanbul’s second-biggest airport, thwarting an investment in the facility by Turkish competitor TAV Havalimanlari Holding
      Bloomberg  -  293 words
    • Article, Illustration
      Lock icon Managing expectations when kids fly solo
      437 25 Reuters Washington WHEN Tim Leffel was looking for the best way to get his 12-year-old daughter, Alina, from Tampa to her grandmother’s home in Virginia earlier this year, he was astounded by the fees that airlines were charging to put an unaccompanied minor on
      Reuters; PHOTO: AFP  -  437 words
    • Article
      Lock icon Asiana appoints new chief executive officer
      238 26 Bloomberg Singapore ASIANA Airlines Inc, South Korea’s second biggest carrier, named a new chief executive officer to replace Yoon Young Doo, who headed the company when one of its planes crashed while landing in San Francisco in July. Kim Soo Cheon, 57, will take
      Bloomberg  -  238 words
    • Article
      Lock icon Southwest ad for flight crew draws a flood of applicants
      362 26 October saw smallest fall in staff in 1 3 months a sign employment in US airlines is stabilising Bloomberg New York SOUTHWEST Airlines Co, which last hired flight attendants from outside the company in 2011, received applications at a rate
      Bloomberg  -  362 words
    • Article, Illustration
      Lock icon Washington governor meets Airbus execs
      405 26 AP Seattle WASHINGTON governor Jay Inslee met an Airbus executive recently to discuss how the state and the Boeing rival can work together. The private gathering occurred in October during an aerospace conference in Seattle, David Postman, a spokesman for Mr Inslee, said on Monday
      AP; PHOTO: AP  -  405 words
  • Page 25 Advertisements
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      296 25 CRYPTIC CROSSWORD Across 1 Strips off article back in bed? (6) 5 Obliged really to confine basket case (8) 9 Improves following terribly acute burns (10) 10 Soaked taking on hard grind (4) 11 Submerge to catch large fish (8) 12 Time with grass inside for mistakes (6) 13 Singer
      296 words
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  • TRANSPORT HUB : LAND
    • Article
      Lock icon Hyundai, Kia to pay US$395m over US suits
      417 27 Korean carmakers to settle lawsuits by customers who claim the two firms overstated fuel economy savings Bloomberg Los Angeles HYUNDAI Motor and Kia Motors, affiliated South Korean carmakers, have agreed to spend as much as US$395 million to settle lawsuits brought on
      Bloomberg  -  417 words
    • Article, Illustration
      Lock icon Tesla retains 5-star safety rating for Model S sedan
      379 27 It came under review following fires when drivers struck metal debris Bloomberg Los Angeles TESLA Motors Inc, the electric car maker being reviewed by US regulators over battery-related fires, said that the safety rating for its Model S sedan is reaffirmed
      Bloomberg; PHOTO: REUTERS  -  379 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon There’s good poor, and there’s bad poor
      938 28 / 29  -  One person deserves the handout, the other does not. But these distinctions are coloured by your circumstances. By Timothy Egan By Timothy Egan NYT ON SUNDAYS this time of year, my parents would pack a gaggle of us kids into the station wagon
      NYT; PHOTO: REUTERS  -  938 words
    • Article, Illustration
      Lock icon Do employees want more breaks or more bonus?
      817 28 / 29  -  By Mark Dixon ~The writer is founder and CEO of Regus plc, which provides flexible workplace solutions AT THE end of last year, eight out of 10 workers said they wanted better work-life balance in 2013. In several Asian countries, including Singapore,
      PHOTO: AP  -  817 words
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  • Article
    Lock icon Shipping Times
    2428 30 Guam Saipan Chuuk Majuro Pohnpei Vessel Voy Sin Pusan Honiara Santo Port Villa Noumea Lautoka Suva Apia Pago Pago Papeete Nukualofa Santo Rabaul Lae P. Moresby Townsville Dolphin II 007E 25 Dec 12 Jan 26 Jan 29 Jan 30 Jan 1 Feb 4 Feb 5 Feb 8 Feb
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      Lock icon Page 32 Advertisements Column 1
      76 32 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE. CALL JOE WONG AT 9620 1327. THE BUSINESS TIMES Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES Shipping Times CALL JOE WONG AT 9620 1327 Shipping lines seeking reliable TO ADVERTISE, CALL
      76 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      7760 33 Transaction date: Dec 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 15 11.5 8Telecom 11.6 11.5 13.1 10.6 0.9 9.6 55.6 20 3.2 A-Sonic 10.7 +0.1 67 10.7 10.5 10.6 10.7 1.2
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    • Article
      Lock icon SGX CATALIST
      1806 36 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 $mil 37 17.3 t 3Cnergy 500 26 3 30 25.6 27.5 17.1 t 800 Super 24.5 19.5 24.5 3.2 4.1 7.6 43.8 6.2 2.8 t AA
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 36 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 4 0 0 0 8 2 4 Manufacturing 49 26 29 7 1 9 56 27 38 Commerce 24 12 11 3 2 3 27 14 14 Tpt/Stor/Comms 10 9 15
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      778 36 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 23 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Del Monte Pacific 23-Dec-13 Edgardo M Cruz Jr Buy 200 0.59 1762 0.14 1962 0.15 Fragrance Grp
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 36 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 5,736 5,736 32,093 32,093 Manufacturing 162,546 51,033 213,579 55,645 1,809 57,454 Commerce 118,389 307,862 426,251 25,896 38,796 64,692 Tpt/Stor/Comms 34,326 3,124 37,450 56,716 361 57,078 Finance 51,266 50 51,316 58,097 18 58,114 Construction 14,376 264,356
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    • Article
      Lock icon LIFFE
      93 37 Dec 23 COCOA (£/tonne) Close Prev High Low Mar 14 1791 1798 1807 1785 May 14 1781 1785 1791 1769 Jul 14 1770 1774 1779 1755 Sep 14 1760 1764 1767 1747 COFFEE(US$/tonne) Close Prev High Low Jan 14 1700 1704 1712 1684 Mar 14 1705 1706 1715 1690
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    • Article
      Lock icon METALS
      67 37 Dec 24 GOLD(US$/oz) Dec 24 Dec 23 Hong Kong 1207.00 1211.00 Dec 23 Dec 22 London 1201.15 1205.10 1201.95 1205.85 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.13 24.35 Source: UOB PLATINUM Lon (US$/oz) Dec 23 Close Previous PM Fix 1332.00 1328.00 AM Fix 1337.00 1325.00 Source:
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    • Article
      Lock icon PALM OIL
      57 37 Dec 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2580.0 2593.0 2590.0 2575.0 12 2633 Feb 14 2599.0 2607.0 2620.0 2593.0 547 ***** Mar 14 2610.0 2617.0 2633.0 2603.0 4176 ***** Apr 14 2616.0 2623.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      78 37 Dec 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.29 1-Year BY*****T 31-Oct-14 0.3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.57 101.62 101.57 5-Year N*****0T 0.5 01-Apr-18 97.87 10-Year NX*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 37 Dec 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1291 1.1306 0.8911 0.8916 Canadian dollar 1.1922 1.1935 0.9412 0.9409 Euro 1.7340 1.7355 1.3685 1.3686 NZ dollar 1.0370 1.0383 0.8184 0.8188 Sterling pound 2.0712 2.0731 1.6346 1.6348
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 37 Dec 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.158 1.103 Can dollar 1.215 1.169 Euro 1.775 1.691 Sterling pound 2.110 2.029 NZ dollar 1.062 1.022 US dollar 1.293 1.232 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon CHICAGO BOT
      104 37 Dec 23 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 14 1328.50 1339.00 1347.00 1327.00 Mar 14 1319.75 1331.00 1339.25 1319.00 May 14 1305.50 1316.00 1324.25 1304.75 Jul 14 1290.75 1301.25 1309.75 1289.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jan 14 39.28 39.44 39.61 39.23
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 37
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    • Article
      Lock icon OIL
      68 37 Dec 23 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 111.77 0.28 WTI (Near Mth) 98.52 -0.30 Dubai (1-Mth F) 107.85 0.87 Tapis blend 117.83 1.45 Minas 111.33 1.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.22 0.89 Jet Kerosene 127.53 0.94 US$/barrel OpecOil Basket Price 108.15
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    • Article
      Lock icon LONDON METALS
      72 37 Dec 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1714.50 1740.10 3 months 1760.00 1785.00 Copper, Grade A (US$/tonne) Cash 7255.00 7248.50 3 months 7241.00 7238.00 Lead (US$/tonne) Cash 2212.00 2194.50 3 months 2230.00 2216.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 37 In local curr In S$ In US$ dy yr dy yr dy yr Dec 23 Index Change Change Change Change Change Change World Preliminary 1169.4 0.6 24.6 0.7 26.9 0.7 22.4 EAFE Preliminary 941.4 0.6 21.5 0.7 21.5 0.8 17.2 Europe Preliminary 1338.9 0.8 16.7
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  • EXECUTIVE MONEY
    • Article, Illustration
      Lock icon JPMorgan tops in muni funds despite outflows
      983 38  -  Its Intermediate Tax Free Bond Fund outperforms most of its rivals By Brian Chappatta Bloomberg New York IN a record year for US municipal mutual fund withdrawals, the JPMorgan Intermediate Tax Free Bond Fund shrank more than 25 per cent. Yet it has
      Bloomberg; PHOTO: AFP  -  983 words
    • Article, Illustration
      Lock icon Commodities set to bounce back in 2014
      1541 39  -  Positive and accelerating growth in the US, Europe, Japan and emerging markets set scene for recovery in metals, crops By Maria Kolesnikova, Nicholas Larkin, Luzi Ann Javier Bloomberg London METAL and crop prices are poised to rebound in 2014 as accelerating economic growth
      Bloomberg; PHOTO: AFP  -  1,541 words
    • Article, Illustration
      Lock icon Foreign exchange managers come up tops
      762 40  -  An unprecedented flood of cash from central banks has driven currency levels to extremes By Neal Armstrong Bloomberg London Foreign exchange managers who sold currencies as they became overvalued beat both trend seekers and traders analysing interest-rate differentials this year, the first time that
      Bloomberg; PHOTO: BLOOMBERG  -  762 words
    • Article
      Lock icon 2014 investing tip: Don’t chase 2013
      645 40 Reuters Chicago THIS year, the stock market has been glowing as brightly as the seasonal lights that now bedeck holiday streetscapes. But if you want your investments to keep doing well in 2014, look away from the shiny stuff. If the winners of 2013
      Reuters  -  645 words
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