The Business Times, 27 December 2013

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Microfilm: NL32903
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, December 27, 2013
    25 words
  • Article, Illustration
    Lock icon Biomedical cluster a drag on Nov output
    570 1  -  Four per cent growth below forecast of 5.3 per cent and October’s revised 8.3 per cent surge By CHUANG PECK MING pcekming@sph.com.sg [SINGAPORE] Factory output put on a poor showing last month, growing by a less-than-expected 4 per cent year on year. This
    Source: Economic Development Board  -  570 words
  • Article
    Lock icon New exemption to Do Not Call guidelines
    678 1  -  Firms may SMS/fax existing clients on related products, with opt-out option By ANGELA TAN angelat@sph.com.sg [SINGAPORE] A week before the Do Not Call (DNC) provisions come into force on Jan 2, the authorities yesterday released a set of advisory guidelines and a new
    678 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,134.36 (+7.07) GST INDEX FUTURES 3,134.00 (+17.00) GSIMSCI 361.29 (+0.87) GSIMSCI FUTURES 361.80 (+0.90) US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.638 2.077 EURO (US$/S$/€ 1.369 1.735 Foreign currency per US$ S$ YEN 104.70 82.60 RM 3.297 2.600 HK$ 7.755 6.116 BAHT 32.85 25.90 RUPIAH
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    • Article
      Lock icon MARKETS
      46 1 Thursday Change KL COMP 1,844.10 +8.61 NIKKEI 225 16,174.44 +164.45 HANG SENG Closed SET INDEX 1,308.46 -23.99 JAKARTA COMP Closed MANILA COMP 5,878.32 +23.44 SEOUL COMP 1,999.30 -2.29 SHENZHEN B 846.81 -5.94 MUMBAI IND 21,074.59 +41.88 11am EST Change DOW 16,416.95 +59.40 NASDAQ 4,164.58 +9.17
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 INDONESIA 14.717 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      79 1 COMMENTARY Too early to roll back property cooling measures PAGE 2 COMPANIES F&N plans further $607m payout via capital reduction PAGE 4 WINE Ringing in the new year with new wines PAGE 24 SNEAK PEEK Industry leaders on what 2014 will bring for Singapore’s arts, leisure and entertainment scenes EXECUTIVE
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      1 1 8"*****1"*****4
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  • TOP STORIES
    • Article
      Lock icon Tweaking GLS: Consultants give their views
      1015 2  -  With high bids by foreign players, one suggestion is to award site to No. 2 bidder By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] Even as the government tries to temper land tender prices in Singapore, consultants feel this should not come at the expense of
      1,015 words
    • Article, Illustration
      Lock icon Thai govt refuses to postpone Feb polls
      568 2 It rejects call from Commission amid rising violence since June 7, 2010. Reuters, AFP, AP, Bloomberg [BANGKOK] Thailand’s government yesterday rejected a call from the Election Commission to postpone a February poll, insisting that the vote would go ahead as planned, despite clashes
      since June 7, 2010. – Reuters, AFP, AP, Bloomberg  -  568 words
    • Article
      Lock icon Too early to roll back cooling measures
      784 2  -  Cut in state land sales, Fed stance on low interest rates could mean private home prices more likely to rise COMMENTARY By KALPANA RASHIWALA THE Ministry of National Development’s decision to cut state land sales for private housing development for the first half
      784 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      245 2 Biomedical cluster drags Nov factory output FACTORY output put on a poor showing last month, growing by a less-than-expected 4 per cent year-on-year. FRONT PAGE New exemption to Do Not Call guidelines AUTHORITIES released advisory guidelines and a new exemption to the Do Not Call Provisions. FRONT PAGE
      245 words
    • Article
      Lock icon Takenaka wins $985m bid to build T4
      624 3  -  It beats four firms to win tender; construction to start in Q1 next year By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Takenaka Corporation, which was behind the construction of Changi Airport’s Terminal 1, beat four other companies to clinch a $985 million contract from Changi
      624 words
    • Article, Illustration
      Lock icon Abe’s Yasukuni Shrine visit whips up storm
      747 3  -  China, S Korea riled; even America shows disappointment By in ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Shinzo Abe yesterday made a visit to the Yasukuni Shrine that honours the nation’s war dead triggering strong and immediate protests from China and South Korea
      747 words
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      594 2 KPMG cutting through complexity i KPMG Seminar Series i Date Thursday, 23 January 2014 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore 442 Orchard Road Singapore *****9 Seminar fees KPMG Client Alumni SIATP Member SS488 per participant Standard S$588 per participant A discount of 5% will be given for groups
      594 words
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  • Page 3 Advertisements
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      466 3 Our Heartiest Congratulations to Mr Ng Chee Hwa, Chairman of Chiu Teng Construction Co Pte Ltd on the Company’s 30th Anniversary and on being conferred the Long Service Gold Award from the Ministry of Education for 20 years of service. Member of Hwa Chong Junior College's Board of Directors from
      466 words
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  • COMPANY NEWS
    • Article
      Lock icon Sunmart calls EGM to appoint new auditors
      877 4  -  Move comes after special audit reveals fictitious transactions recorded by previous finance manager By MICHELLE QUAH michquah@sph.com.sg CONTROVERSY-RIDDEN S-chip Sunmart Holdings has called for an extraordinary general meeting (EGM) to seek shareholder approval on the appointment of new external auditors, after several troubled
      877 words
    • Article, Illustration
      Lock icon F&N plans further $607m payout via capital reduction
      461 4  -  Move will not result in cancellation of shares, says group By CAI HAOXIANG haoxiang@sph.com.sg TO streamline its capital structure after it spins off its property arm, conglomerate Fraser and Neave (F&N) is proposing to return $607 million to shareholders, or 42 cents
      PHOTO: BLOOMBERG  -  461 words
    • Article
      Lock icon SingPost buys Malaysian property for RM34m
      311 4  -  By JACQUELYN CHEOK jaccheok@sph.com.sg SINGAPORE Post (SingPost) is acquiring Axis Plaza, an office and industrial building in Malaysia, for RM34 million (S$13 million). The proposed acquisition is through its indirect wholly owned subsidiary Collective Developers Sdn Bhd. The seller of the property is Malaysia-listed
      311 words
    • Article, Illustration
      Lock icon SMG planning cash call under new owners
      775 5  -  Rights issue in case of redemption call; convenants breach prompts appeal By ANDREA SOH sandrea@sph.com.sg A CHANGE in the ownership of Catalist-listed Singapore Medical Group (SMG) has triggered a series of events, compelling the healthcare provider to raise funds through a rights issue
      775 words
    • Article
      Lock icon Schroders, Baring avoiding Singapore stocks
      852 5 Worry of real estate slump and higher interest rates Bloomberg [SINGAPORE] Schroders plc and Baring Asset Management Ltd are avoiding Singapore stocks, the cheapest in South-east Asia, as slower economic growth in the region and cuts to Federal Reserve stimulus drive capital outflows. The fund
      Bloomberg  -  852 words
    • Article, Illustration
      Lock icon SIMSCI futures a good hedging tool: SGX
      452 5  -  It adds local stock market attuned to region’s movements By CAI HAOXIANG haoxiang@sph.com.sg THE Singapore stock market is highly correlated to Asia-Pacific bourses and the MSCI Singapore Index (SIMSCI) futures serves as a portfolio hedging tool for market downturns, the Singapore Exchange (SGX)
      PHOTO: REUTERS  -  452 words
    • COMPANY BRIEFS
      • Article
        Lock icon GKE warns of six-month loss
        44 5 LOGISTICS and feedstock technology company GKE Corp says it expects a net loss for the six months ended Nov 30 because of costs related to acquisitions, manpower and depreciation of property, plant and equipment. GKE shares were untraded yesterday.
        44 words
      • Article
        Lock icon Foreland update on customer’s claim
        78 5 TEXTILE supplier Foreland Fabrictech Holdings said its legal adviser’s opinion is that its Fulian Knitting unit is liable to indemnify customer Jiangxi Longdu against all losses and damages incurred as a result of certain defective products. The adviser has recommended that the company seek an
        78 words
      • Article
        Lock icon Lion Teck Chiang director trims stake
        72 5 LION Teck Chiang non-executive director Cheng Heng Jem has seen his deemed stake in the steel and real estate group pared to 19.34 per cent from 19.61 per cent in December as a result of an indirectly controlled vehicle selling shares on the open
        72 words
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      140 4 IP” ft m buzz s, 3 S d SPg COUPO PEEL OFF THE SIDES FORA INSTANT WIN! THE SS< buzz i Have Yourself A ►s Christmas Treat! NVlS SVU^vmceU LoVi WINNER Poh Chwee Hock TV\*k* Kitty toswona' Sandwich Maker C^ce P o?S P /Ot8ooo. VI WINNER Neo Wei Ling has
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      210 5 Ring In A Fabulous New Year Usher in 2014 at Pan Pacific Singapore with exciting dining experiences! Begin your countdown at Edge with our New Year's Eve dinner and New Year's Day lunch from $158. Alternatively, Hai Tien Lo presents a New Year's Eve six course set dinner and a
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Pennies spring back, led by marines
      523 6  -  Blue chips mostly quiet, overall market puts up another positive performance STOCKS KENNETH LIM kenlim@sph.com.sg Correspondent Marine penny stocks rose on a wave of holiday cheer yesterday, while blue chips stayed mostly quiet as the overall market turned in another positive performance. The benchmark
      Source: Bloomberg  -  523 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Dec 26 VALUE CLOSE BT OB/OS 463.00 +350.00 BT CADI -*****.00 +175.00 BT 10-day MA -*****.00 +46.00 FTSE ST Mid Cap 718.40 +3.02 FTSE ST Small Cap 538.03 +5.05 FTSE ST All Share 761.29 +2.38 FTSE ST China Top 197.16 +0.36 FTSE ST China 222.26 +0.31 FTSE
      77 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 3 0 0 0 8 4 3 Manufacturing 77 30 27 12 6 6 89 36 33 Commerce 29 15 17 8 3 3 37 18 20 Tpt/Stor/Comms 21 9 10
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon 2014 Real estate themes
        533 6 Phillip Securities Research, Dec 16 IN H1 2014, we may see the government further refining the property cooling measures. Since the onset of the first round in September 2009, the government has steadfastly pushed out waves of property cooling measures over the past four years. This
        533 words
      • Article
        Lock icon Retail
        147 6 Rental rates are expected to grow at about 5 per cent per annum as there is strong demand for retail space. International brands continue to seek entry/expansion into the local retail scene as they continue to view the consumer base favourably. This can be seen in Bedok Mall, which
        147 words
      • Article
        Lock icon Hospitality
        373 6  -  Compiled by CAI HAOXIANG While a large supply of new hotel rooms is expected in 2014, the majority of the supply will be clustered within the midscale hotels. The luxury hotel segment is relatively unaffected and should see current high room rates sustained throughout 2014. The same cannot be
        373 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 5,869 5,869 22,983 22,983 Manufacturing 525,664 354,944 880,608 94,359 11,724 106,083 Commerce 206,127 767,387 973,514 32,803 88,447 121,250 Tpt/Stor/Comms 61,063 6,998 68,061 46,764 840 47,604 Finance 105,396 113 105,509 54,456 36 54,492 Construction 139,548 670,777
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 1.965 +0.005 CapitaLand 3.020 CapitaMall 1.905 +0.005 CityDev 9.600 -0.010 ComfortDelGro 2.000 +0.010 DBS Grp 16.91 +0.070 GLP 2.870 +0.010 Genting SP 1.475 +0.010 Golden Agri 0.535 -0.005 HK Land 5.780 -0.030 HPH Trust US$ 0.655 JMH 51.51 -0.090 JSH 31.97
      114 words
    • Article, Illustration
      Lock icon US dollar hits 5-year high against the yen
      588 6 CURRENCIES Reuters [TOKYO] The US dollar hit a five-year high against the yen yesterday and held firm against other currencies on expectations that the US economy will continue a solid recovery, allowing the Federal Reserve to withdraw its stimulus gradually next year.
      Reuters; PHOTO: BLOOMBERG  -  588 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Charisma Energy 649,951,000 Albedo 335,900,000 HanKore 227,162,000 Viking 198,141,000 KLW Hldgs 189,818,000 Otto Marine 188,777,000 SingHaiyi 180,670,000 Vallianz Hldgs 163,734,000 Innopac 94,944,000 Charisma W*****3 78,763,000 VALUE($) Charisma Energy 50,976,088 Vallianz Hldgs 31,556,611 Viking 31,339,253 HanKore 18,696,406 Albedo 18,683,069 DBS Grp 17,936,990 Otto Marine 17,672,909 Ezra 12,536,152
      56 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP GLD 10US$ ***** 95.1 0.6 Lyxor US DJIA 10 US$ 1659 76.1 3.8 DBXT MSINDO 10us$ 1136 31.7 2.3 Lyxor China H 10US$ 1450 27.9 1.5 Kep Corp.ES.1312 1103 25.0 2.3 F&N 620 23.0 3.9 JSH 3197 21.6 0.5 DBS Bk 4.7% NCPS 100 *****
      114 words
    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN DBXT iBoxxSing 5SG$ ***** -21.0 -0.2 Isetan 418 -20.0 -4.6 DBXT S&P Short 10US$ 2619 -16.5 -0.5 JMH 5151 -11.4 -0.2 DBXT CSI300 10US$ 710 -8.9 -1.0 IS LC 1-3Y 100S$D 1253 -8.0 -0.6 Rex Intl 58.5 -5.5 -8.6 IS MS India 100US$ 591 -5.1
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon P&G ties up with A*Star on 5-year research plan
      387 7  -  Accord covers over 25 local partnerships with up to $60m in funding provided By NISHA RAMCHANDANI nishar@sph.com.sg IN one of Procter Gamble’s biggest public-sector research tie-ups, the consumer goods giant and the Agency for Science, Technology and Research (A*Star) have inked
      387 words
    • Article, Illustration
      Lock icon New Sentosa HarbourFront association will drum up Mice business in area
      305 7 FOURTEEN businesses and stakeholders in the Sentosa and HarbourFront precinct have banded together to form a new association that will leverage on all the tourism and leisure assets of the area. Called the Sentosa HarbourFront Business Association (SHBA), the
      PHOTO: MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  305 words
    • Article
      Lock icon Public housing policies must support social objectives: Khaw
      334 7  -  New initiatives also match Singaporeans’ changing aspirations By MINDY TAN tanmindy@sph.com.sg NEARLY 10,000 couples will have benefited from the Parenthood Priority Scheme come January, said National Development Minister Khaw Boon Wan on his blog yesterday, stressing that even as housing policies are
      334 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon SIA signs $1m deal with Japan tourism
        83 7 SINGAPORE Airlines and the Japan National Tourism Organization have signed their first MOU aimed at boosting tourist arrivals into Japan from Singapore, Malaysia and Indonesia. The agreement, worth S$1 million, will jointly explore and implement activities to promote tourist traffic to Japan by
        83 words
      • Article
        Lock icon Tigerair starts flights to Ningbo
        44 7 TIGERAIR yesterday marked its first flight to the Chinese seaport city of Ningbo. The budget carrier will call at Ningbo thrice every fortnight, on every alternate Tuesdays, Thursdays and Saturdays. Ningbo is the airline’s eighth destination in Greater China.
        44 words
      • Article
        Lock icon SilkAir’s wireless entertainment system
        80 7 SILKAIR has started a wireless in-flight entertainment system trial on one of its Airbus A320 aircraft, allowing passengers to stream movies, TV shows and music directly onto their personal devices such as iPads, Android tablets and laptops during the flight. Access to the inflight content, which
        80 words
      • Article
        Lock icon HSA names new chairman from Jan 1
        57 7 THE Health Sciences Authority (HSA) will have a new chairman from Jan 1. Satkunanantham Kandiah, now the director of medical services at the Health Ministry, will take over from current HSA chairman John Wong. Professor Wong will become chief executive of the National
        57 words
  • Page 7 Advertisements
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      40 7 n Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices i MATS NOTICES CLA/FEB1 1/g Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices WATS NOTICES
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      Lock icon Page 7 Advertisements Column 2
      33 7 h'-ji'l $5 MILLION New Year Draw Draw on Fri, 3 Jan 2014 at 9.30pm For details, visit www.singaporepools.com.sg p LAV® Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G
      33 words
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      Lock icon Page 7 Advertisements Column 3
      18 7 www.omy.sg An iGA i sca a« hi anew®* Bfin-JKfiifk "TMI fwwa 0&i0 App Store USDS.99 Google Play S$7.99
      18 words
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      11 7 KISS92 FM place one in great songs the All A ¥a
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Jakarta to ease foreign curbs in 3 sectors
      481 8 Investment limits going up for power plants, advertising and pharmaceuticals Reuters [JAKARTA] Indonesia has announced it will allow increased levels of foreign investment in the country’s power plants, advertising, and pharmaceutical industries as part of government efforts to boost the slowing economy.
      Reuters  -  481 words
    • Article
      Lock icon Reduce govt costs before taxing public more: Dr M
      519 8  -  BN risks electoral backlash with higher taxes and tariffs By S JAYASANKARAN in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad said yesterday that Putrajaya should cut its own costs before burdening the public with higher taxes and tariffs. It was
      519 words
    • Article
      Lock icon New Islamic bond issuers to fuel sukuk market
      657 8 Issuance set to rebound with new instruments in play Bloomberg [DUBAI] Debut Islamic bonds from governments and companies seeking to cut financing costs will drive sukuk sales next year, according to HSBC Holdings Plc, with issuance probably rebounding to a record. Growth
      Bloomberg  -  657 words
  • Page 8 Advertisements
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      261 8 I heard that prices for International Plaza has soften recently. Wow, with Singapore Property Watch, I am now able to compare recently transacted prices of offices nearby! I managed to find out the recent profitable transactions with Singapore Property Watch. IK 111 IS Hi is .ilifSEIi sui sum s r
      261 words
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      183 9 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
      183 words
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  • GREATER CHINA
    • Article
      Lock icon China likely to post 7.6% growth for 2013: report
      349 10 Uncertainties remain in global recovery, high domestic costs pose challenges Reuters [SHANGHAI] China’s economic growth is likely to come in at 7.6 per cent this year, according to a cabinet report cited by the official Xinhua news agency, just above the
      Reuters  -  349 words
    • Article, Illustration
      Lock icon Banks urged to manage liquidity better
      324 10 Reu ters [BEIJING] Chinese banks must better manage liquidity risks as funding costs climb amid a government drive to liberalise interest rates, Wang Yongli, a vice-president at the Bank of China, one of the country’s biggest lenders, said on Wednesday. China’s interbank cash crunch
      Reuters; PHOTO: REUTERS  -  324 words
    • Article
      Lock icon China rejects US GMO grain shipments
      480 10 Reuters [BEIJING] China has turned away about 2,000 tonnes of US dried distillers grains (DDGs), a corn by-product, and more rejections are expected in coming weeks as Beijing imposes strict checks over an unapproved genetically-modi-fied (GMO) strain, traders said yesterday. The move follows the
      Reuters  -  480 words
    • Article
      Lock icon Tianjin is 5th China carbon market
      356 10 Reu ters [TIANJIN] The Chinese city of Tianjin yesterday launched the country’s fifth emissions trading scheme as the world’s biggest-emit-ting nation took another step towards reining in its impact on the environment. The newest of China’s carbon markets caps CO2 emissions from iron and
      Reuters  -  356 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      152 10 10 ESATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices Industrial Government Land Sales: Land Parcels at Tuas South Street UnT AVENUE WAS south street PLOT 6 WASsq uth street Was SOUTH §IReet SOUTH SIg£ET PLOT 34 Submission of Tender Tender Launch Date Tender Closing Date Venue Developer’s Packet Website
      152 words
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      0 10 :!\&*?;$:[+%<}`-[-:%:-{>"`@`,(-
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      208 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PREF 4 PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****4044G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
      208 words
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      446 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PEAK REAL ESTATE SERVICES PTE LTD (In Member’s Voluntary Liquidation) Co. Reg. No. *****2089E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the member of Peak Real Estate Services Pte Ltd (the “Company”) deemed duly
      446 words
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      392 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINGBRIDGE INTERNATIONAL PTE. LTD. (REG. No. *****4999N) (INCORPORATED IN SINGAPORE) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 60B Orchard Road, #06-18 The Atrium@ Orchard, S(*****1) on the 20 DEC
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Beijing unveils 5-yr plan against widespread graft
      508 11 Special focus on corruption that sparks protests or which occurs during economic reforms Reuters [BEIJING] China’s ruling Communist Party has unveiled a five-year plan to fight pervasive graft, with particular attention on corruption that triggers protests or happens in the course of economic
      Reuters  -  508 words
    • Article
      Lock icon BJP looking to Thatcher ’79 for inspiration
      507 11 WP [NEW DELHI] For India’s main opposition party, the mood in the world’s sec-ond-most populous country is similar to that in 1979 Britain, when Margaret Thatcher came to power on a message of strong leadership and effective governance. “Mrs Thatcher won on the
      WP  -  507 words
    • Article, Illustration
      Lock icon Agent goofed in Khobragade investigation, claims her lawyer
      407 11 AP [NEW YORK] A lawyer for an Indian diplomat whose arrest and strip-search in New York City drew angry responses from officials in India has accused US authorities of bungling the investigation. Attorney Daniel Arshack said on Tuesday that the agent who
      AP  -  407 words
  • Page 11 Advertisements
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      3286 11 WATO NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In The Matter of The Companies Act Cap. 50 And In The Matter of CPP-FISCHER PTE. LTD. Company Registration No: *****2342M (In Members’ Voluntary Liquidation) MEMBERS’ VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Member of the abovenamed Company duly
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  • WORLD
    • Article, Illustration
      Lock icon The return of entrepreneurship on Samurai Startup Island
      1037 12 Young ventures have sprung up as Japan prepares for its mindset change NYT [TOKYO] The 20-some-things in jeans sipping espresso and tapping on laptops at this Tokyo business incubator would look more at home in Silicon Valley than in Japan, where for
      NYT; PHOTO: NYT  -  1,037 words
    • Article
      Lock icon Rupiah, Taiwan dollar seen leading Asian currency recovery in 2014
      744 12 Bloomberg [MUMBAI] Taiwan’s dollar and the Indonesian rupiah are forecast to lead a recovery in Asian currencies next year as attention shifts to the region’s growth potential and away from the reduction in US monetary stimulus. The Taiwanese currency will
      Bloomberg  -  744 words
    • Article, Illustration
      Lock icon Former Blackberry CEO pares stake after aborting bid
      331 12 Bloomberg [SAN FRANCISCO] BlackBerry co-founder and former chief executive officer Mike Lazaridis has walked away from a possible takeover plan and has reduced his stake in the struggling smartphone maker after it ended an attempt to sell itself. Mr Lazaridis now owns
      Bloomberg  -  331 words
    • Article
      Lock icon UK plans for easier funding for SMEs
      302 12 Changes would help new banks, lenders check credit data Bloomberg [LONDON] The UK government is considering rule changes that would make it easier for new banks and alternative finance providers to provide funding to small and medium-sized companies. The proposed regulations would help
      Bloomberg  -  302 words
    • Article
      Lock icon US in a quandary over phone data storage
      522 12 Privacy advocates, telcos and lawmakers express concern over Obama’s plan WP [WASHINGTON] A measure that President Barack Obama is considering as a way to curb the National Security Agency’s mass storage of phone data is already facing resistance not only from the
      WP  -  522 words
    • Article, Illustration
      Lock icon US store visits slump, sales dip in week before Christmas
      731 13 Increase in holiday purchases in Nov 1 to Dec 22 period smallest since 2009 WP [WASHINGTON] Fewer Americans hit the malls in the last week before Christmas even as retailers from Macy’s to Michael Kors poured on the discounts. US
      WP; PHOTO: AFP  -  731 words
    • Article
      Lock icon Brazilian oil firm in deal with creditors
      225 13 AFP [SAO PAULO] Brazilian tycoon Eike Batista’s debt-laden oil company, currently under bankruptcy protection, has agreed with foreign creditors to renegotiate US$5.8 billion in debt into a 90 per cent stake in the firm. Oleo e Gas Participacoes (OGP), formerly known as OGX,
      AFP  -  225 words
    • Article
      Lock icon US telco to bundle free Facebook access with mobile plans
      368 13 NYT [NEW YORK] For years, Facebook has been cutting deals with telecom carriers in developing countries such as India and the Philippines to offer free Facebook access to cellphone customers using simple phones with no data plans. Now, for the
      NYT  -  368 words
    • Article
      Lock icon Russia bets on reform to save space industry
      770 13 Sweeping plans aimed at pulling sector out of crisis Reuters [BAIKONUR, Kazakhstan] From rocket-shaped playground equipment to faded murals of cosmonauts, mementos of the heyday of Soviet space exploration are scattered around this sandswept town that launched Yuri Gagarin into orbit in
      Reuters  -  770 words
    • Article, Illustration
      Lock icon Thousands in the dark after US, Canada storm
      413 14 Carbon monoxide poisoning from using gas generators add to death toll AP [AUGUSTA, US] Utility crews from Maine to Michigan and into Canada worked to restore power to more than half a million homes that were left in the dark by last
      AP; PHOTO: AP  -  413 words
    • Article
      Lock icon Group of small US banks challenges Volcker rule
      525 14 Suit says forced sale of CDOs will lead to US$600m of losses Bloomb erg [SAN FRANCISCO] The final version of the Volcker rule was challenged in a lawsuit over claims that requiring small banks to divest their holdings in some collateralised debt
      Bloomberg  -  525 words
    • Article, Illustration
      Lock icon Small US colleges seek benefits from cutting tuition fees
      998 14 NYT [SPARTANBURG, South Caroline] A higher education riddle: When can a college slash tuition by almost half, without losing revenues? Answer: When nobody much pays full tuition anyway. When Converse College, a tiny women’s college here, announced that it was “resetting”
      NYT; PHOTO: NYT  -  998 words
    • Article
      Lock icon Remittances are lifeline to typhoon Haiyan survivors
      712 14 Reuters [PALO, Philippines] A sister living on the other side of the world gave Roberto Retanal what he needed most to piece his humble home back together after the devastating typhoon that tore through his village in the central Philippines last month. She
      Reuters  -  712 words
    • Article, Illustration
      Lock icon Toshiba nears control of nuclear power group
      460 15 Iberdrola agrees to sell its 50% NuGen stake for £85m Reuters [TOKYO] Toshiba Corp said it is in the final stages of nailing down a majority stake in a British nuclear power consortium after one of the joint shareholders agreed to sell the
      Reuters; PHOTO: BLOOMBERG  -  460 words
    • Article
      Lock icon Teheran stocks soar 133% as govt resets its global ties
      807 15 Iranians pull out of gold, property to tap rally after June presidential polls Bloomberg [TEHERAN] For evidence of how Iranians are embracing President Hassan Rouhani’s pledge to re-estab-lish ties with the world economy after decades of crippling sanctions, take a
      Bloomberg  -  807 words
    • Article
      Lock icon Amex ordered to pay US$75m for improper fees
      530 15 NYT [WASHINGTON] The Consumer Financial Protection Bureau has ordered American Express to pay more than US$75 million to settle claims that it charged improper fees and misled its credit card customers over so-called add-on products like identity fraud protection. American Express will
      NYT  -  530 words
    • Article
      Lock icon Islamic banks growing by leaps and bounds
      641 15 NYT [NEW YORK] Over the past 30 years, the Islamic financial sector has grown from virtually nothing to more than US$1.6 trillion in assets, according to data from the Global Islamic Financial Review, an industry publication. The financial crisis has only encouraged the
      NYT  -  641 words
    • Article
      Lock icon Cambodia garment workers join protests against govt
      284 15 AP [PHNOM PENH] Garment workers pressing for higher wages joined opposition activists in protests in the Cambodian capital yesterday, adding to pressure on Prime Minister Hun Sen. The protests in Phnom Penh yesterday came as the country’s garment manufacturers association recommended that its
      AP  -  284 words
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      1256 13 -j! WATS NOTICES WILMAR INTERNATIONAL LIMITED Company Registration No.: *****4785Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE Notice is hereby given that one share certificate numbered *****468 covering 11,500 ordinary shares in the name of the “Citigroup Nominees (Tempatan) Sdn Bhd” has been reported lost Notice is hereby
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      90 15 mft ooyaoooai® n ***** i®3 aY*f ji > tf i® 4 Hotel Solutions, Food Beverage and Travel Trade Show 17-19 February 2014 Myanmar Convention Centre,Yangon www.mhft.sphereconferences.com ■if The most comprehensive showcase of hotel and F&B solutions, technologies and innovations in Myanmar BE PART OF IT! Pood Beverage Show J otels
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      29 15 INDIAN CHRISTMAS DELIGHTS Four women share their traditional recipes ABHISHEK BACHCHAN'S BIGGEST FEAR GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • EDITORIAL & OPINION
    • Article
      Lock icon Staying flexible and nimble on LNG supplies
      503 16 EDITORIAL BEYOND just choosing an aggregator or buyer for its next tranche of LNG (liquefied natural gas) supplies, Singapore is aptly taking a “big-picture”, longer-term approach to sourcing for its future natural gas needs. This is critical, given that gas is the fuel
      503 words
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      Lock icon While China, Japan jockey for support, Asean wins
      790 16  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHECKBOOK diplomacy as an instrument of policy between Taiwan and Mainland China hasn’t been used in at least five years, but a somewhat
      790 words
    • Article, Illustration
      Lock icon Everything’s not quite fine and dandy yet
      842 16  -  While chances of recovery for the eurozone are high, growth is likely to be modest By STEFAN SCHNEIDER The writer is chief economist, Germany, Deutsche Bank SEVEN years after the onset of the global economic and financial crisis, the global economy should start
      PHOTO: BLOOMBERG  -  842 words
    • Article, Illustration
      Lock icon After twist & taper, spiral may be next
      1023 17  - After twist taper, spiral may be next Things could well unravel for world’s major central banks once QQE begins to have its desired effects ANTHONY ROWLEY Tokyo Correspondent A COUPLE of years ago, it was “twisting” time and now it’s “tapering” time but what comes next? “Spiralling” time, maybe? We
      1,023 words
    • Article, Illustration
      Lock icon Resisting the temptation of longevity
      887 17  -  Regenerative medicine may make living longer easier. But should we embrace it? By ROGER COHEN NYT IT does not seem that long ago when the Beatles could plausibly portray geriatric redundancy as beginning at an age sometimes referred to as young these days. “Will you
      NYT; PHOTO: BLOOMBERG  -  887 words
    • Article
      Lock icon Early retirement heading for an early retreat
      599 17  -  By ROBERT J SAMUELSON The Washington Post Writers Group [WASHINGTON] We may be witnessing the last gasp of early retirement not just in the United States but in many industrialised countries. Considering the high unemployment since the 2008 financial crisis, you might expect
      The Washington Post Writers Group  -  599 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Christmas comes late with UPS swamped
      503 18 Amazon delivery timings missed as high volume, bad weather cause delay Reuters [NEW YORK] A high volume of holiday packages overwhelmed shipping and logistics company UPS, the company said on Wednesday, delaying the arrival of Christmas presents around the globe and sending angry consumers
      Reuters; PHOTO: REUTERS  -  503 words
    • Article
      Lock icon Ice seen slowing barge traffic in US Midwest rivers
      430 18 Cold wave could ease a bit before temperatures plunge again next week Reuters [CHICAGO] A US Midwest cold snap is likely to increase ice buildup on the Mississippi and Illinois rivers this week, adding to recent headaches for barge lines already
      Reuters  -  430 words
    • Article, Illustration
      Lock icon Hanjin sells majority stake in bulk carrier to PE fund
      412 18 Bloomberg [SINGAPORE] Hanjin Shipping Co, South Korea’s largest sea-cargo carrier, has said it will sell a majority stake in its bulk-shipping company as part of a plan to raise cash and cut debt. Hahn Co, a South Korean private equity
      Bloomberg; PHOTO: BLOOMBERG  -  412 words
    • Article
      Lock icon Amazon offers shipping refund after UPS delay
      391 18 Online giant says it’s reviewing carriers’ performance Bloomberg [SOUTHFIELD, MICHIGAN] Amazon.com, the largest online retailer, offered US$20 gift cards and refunds on shipping charges after United Parcel Service Inc said overwhelming volume left it unable to deliver some packages by Christmas. Amazon cited
      Bloomberg  -  391 words
    • Article
      Lock icon India may seek payment for Pan Am hijack victims
      279 18 Xinhua [NEW DELHI] India may soon seek compensation from the United States for 12 of its nationals killed during the hijacking of Pan Am 73 in Pakistan more than 27 years ago, local media reported on Wednesday. The 12 Indians were
      Xinhua  -  279 words
    • Article
      Lock icon TRANSPORT STOCKS
      246 18 SGX '000 Dec 26 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.26 unch 50 Cosco Corp 0.75 0.01 283 Cwt Limited 1.33 0.01 62 Ezra Hldgs 1.39 0.02 9074 First Ship Lea Grand Banks..............0.22 -0.01 50 Jaya Hold Ltd 0.70 0.01 574 K1Ventures 0.19 unch 1382 Keppel
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  • Article
    Lock icon Shipping Times
    2298 19 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      159 19 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
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      Lock icon Page 19 Advertisements Column 2
      18 19 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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      73 20 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II THE OFFSHORE OIL GAS SPECIAL SUPPLEMENT IS NOW NLINE If you missed our recent superb editorial and industry highlights in The Business Times, log on to http://events.stclassified.sg/bt-offshoreoilandgas/ to
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      18 20 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3097 21 Transaction date: Dec 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 20 3.2 A-Sonic --AAT Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld C'vr Net 188
      3,097 words
    • Article
      Lock icon SGX CATALIST
      293 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day 2.4 1.1 t Advanced System 1.2 unch 320 1.2 1.2 1.2 1.3 19.1 Div Gr Yld Net
      293 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11405 22 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.49/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 8979/ China Opportunities 1 2 8127/ EM Local Ccy Bond *****/ European Opportunities 1 1 2955/ Global Emerging Markets
      11,405 words
    • Article
      Lock icon GLOBALQUOTE
      257 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 33.5 Genting HK US$ US43.5 +1.5 8279 43.5 41.5 43 43.5 2864.3 6.6 2 OGL Resources A$ A4 +0.5 48 4 4 2.5 4.5 0.6
      257 words
    • Article
      Lock icon SGX ETF
      851 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 123 107.1 ABF SG Bond ETF 143 125 CIMB APAC Div 100S$D 125 126.5 127.4 114.4 99.2 CIMB APAC Div 100US$ US99.7 99.9 100.4 10.5 1510
      851 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      687 23 Dec 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.07 *****.04 *****.28 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Jun14 *****.00 0 1763 MSCI TAIWAN INDEX FUTURES SPOT 297.07 298.27 297.00 Dec13 298.20 298.80 297.50 298.40 ***** ***** Jan14 298.10 299.20 297.40 298.30
      687 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Dec 24 Index Change Change Change Change Change Change World Preliminary 1171.9 0.0 24.9 0.0 27.2 0.0 22.5 EAFE Preliminary 942.6 0.0 21.7 0.0 21.6 0.0 17.1 Europe Preliminary 1340.8 0.0 16.9
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 23 Dec 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.945 5.396 0.649 6.890 55.063 108.385 0.931 9.410 2.929 1.088 93.606 39.503 1.126 9.202 0.796 26.691 29.179 0.542 0.888 Canada 1.058 5.708
      471 words
    • Article
      Lock icon SIBOR
      40 23 Dec 26 (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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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 23 Dec 26 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-16 101.55 101.61 101.59 5-Year N*****0T 0.5 01-Apr-18 97.58 97.73 97.60
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    • Article
      Lock icon PRECIOUS METALS
      137 23 Dec 26 GOLD(US$/oz) Dec 24 Dec 23 Hong Kong 1207.00 1211.00 Dec 24 Dec 23 London 1201.30 1201.15 1202.05 1201.95 Source: Thomson Reuters CAST BAR Dec 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 111 49 5gm 314 246 10gm 561 491
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    • Article
      Lock icon PALM OIL
      59 23 Dec 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2582.0 2603.0 2615.0 2582.0 253 2812 Feb 14 2605.0 2617.0 2632.0 2602.0 1366 ***** Mar 14 2616.0 2625.0 2642.0 2605.0 9136 ***** Apr 14 2625.0 2629.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 23 Dec 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1259 1.1270 0.8880 0.8888 Canadian dollar 1.1914 1.1921 0.9401 0.9397 Euro 1.7349 1.7355 1.3683 1.3687 NZ dollar 1.0350 1.0360 0.8163 0.8170 Sterling pound 2.0762 2.0770 1.6375 1.6380
      155 words
    • Article
      Lock icon CHICAGO BOT
      108 23 Dec 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1333.75 1328.50 1338.00 1325.00 Mar 14 1322.75 1319.75 1327.25 1315.25 May 14 1307.25 1305.50 1311.25 1300.25 Jul 14 1293.75 1290.75 1297.00 1286.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
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    • Article
      Lock icon LIFFE
      93 23 Dec 24 COCOA (£/tonne) Close Prev High Low Mar 14 1809 1791 1809 1793 May 14 1798 1781 1800 1782 Jul 14 1786 1770 1789 1773 Sep 14 1777 1760 1780 1765 COFFEE(US$/tonne) Close Prev High Low Jan 14 1694 1700 1700 1685 Mar 14 1691 1705 1703 1689
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1151 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 24 0.0 5 -83 55 Asia-Pacific Strategic W*****6 0.4 1 123 326 72.50 5 Acma Ltd W*****7 Exer Price Ascendas Reit MB ECW*****3 Disc Asiatic Grp(Hldgs) Ltd W*****5
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 23 CRUDE OIL PRODUCTS Dec 23 CRUDE (FOB origin) US$/barrel 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
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Dec 26 S$ Bid Offer 1-month 1.2679 1.2680 2-months 1.2678 1.2679 3-months 1.2678 1.2679 6-months 1.2674 1.2676 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 23 Dec-24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1714.50 1714.50 3 months 1758.00 1760.00 Copper, Grade A(US$/tonne) Cash 7296.00 7255.00 3 months 7283.00 7241.00 Lead(US$/tonne) Cash 2227.00 2212.00 3 months 2245.50 2230.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Dec 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.157 1.102 Can dollar 1.214 1.168 Euro 1.774 1.690 Sterling pound 2.114 2.033 NZ dollar 1.061 1.021 US dollar 1.294 1.233 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      158 23 Dec 26 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.35 0.15 1 month 0.30 0.15 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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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      327 24 Across 1 Petty Sergeant-Major everybody paid attention to (5-6) 7 Talk about bozo ultimately in charge being disorganised (7) 8 Place for early Christians moving to China (7) 10 Party character in Athens almost ill with beer (8) 11 Very hot support Conservative’s lost (6) 13 Drinks bringing endless moral
      327 words
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  • executive lifestyle
    • Sneak peek at the year ahead
      • Article, Illustration
        Lock icon Challenging year ahead for the art market
        521 28  -  HELMI YUSOF helmi@sph.com.sg VISUAL ARTS RICHARD KOH Artistic consultant for Asia for the brand new Singapore Art Fair “2014 will see the launch of Singapore Art Fair, which will focus on art from the Middle East, North African and Southeast/South Asian art or
        521 words
      • Article, Illustration
        Lock icon A preoccupation with breaking even
        572 28  -  Industry leaders share their insights into what 2014 will bring for Singapore’s arts, leisure and entertainment scenes HELMI YUSOF helmi@sph.com.sg PERFORMING ARTS ONG KENG SEN Festival director of the newly-revamped Singapore International Festival of Arts. The six-week festival will debut in August with Facing Goya,
        572 words
      • Article, Illustration
        Lock icon Come March, a celebration of Singapore and European design
        430 28  -  TAY SUAN CHIANG taysc@sph.com.sg DESIGN TAI LEE SIANG President, Design Business Chamber Singapore (DBCS) “WE have seen the development of design in Singapore in the last decade. Come 2014, we will be riding the wave with the emergence of good design
        430 words
    • WINE/FOOD
      • Article, Illustration
        Lock icon Ringing in the new year with new supply
        1287 24  -  Wines bought should be divided between those for replenishment and those for investment, says NK YONG NK YONG ANEW year approaches, new vintages will be announced and the 2013 Bordeaux en primeur campaign lies ahead in the spring. With that in mind,
        FILE PHOTOS  -  1,287 words
      • Around Town
        • Article
          Lock icon Food
          637 24 Saint Pierre: Champagne house Perrier-Jouët has teamed up with top restaurant Saint Pierre to bring diners a lavish nine-course menu this New Year’s Eve. The dinner begins with treats such as a langoustine tartare tataki with foie gras mousse, poached Kumamoto oyster with seared diver Hokkaido scallop, and Japanese
          637 words
        • Article
          Lock icon Countdown parties
          373 24  -  Compiled by RACHEL LOI, DEBBIE YONG rachloi@sph.com.sg and debyong@sph.com.sg Ku De Ta Singapore: Usher in 2014 with magnificence and grandeur at Ku De Ta Singapore’s majes-tic-themed party, The Royal Ball. Ku De Ta’s all-star resident DJs Yafifth, Suren and Styluxtakut will spin into the wee hours of the
          373 words
        • Article, Illustration
          Lock icon Fullerton Hotel
          261 24  -  PICK OF THE WEEK By RACHEL LOI rachloi@sph.com.sg START off your new year celebrations with a six-course dinner at Italian restaurant and rooftop bar The Lighthouse for a view of Marina Bay’s fireworks at $498++, which includes a flute of champagne. Alternatively you can opt for an indoor
          261 words
    • ARTS
      • Article, Illustration
        Lock icon Exploring mechanics of power
        928 25  -  Despite its glaring flaws, Square Moon is a historically significant work, says HELMI YUSOF helmi@sph.com.sg IT’S hard to critique Square Moon purely on an artistic basis, without being reminded of its difficult gestation period and the grim inspiration behind it. The play is written by former
        FILE PHOTO  -  928 words
      • Article, Illustration
        Lock icon Classical traditions in contemporary art
        709 25  -  By CHEAH UI-HOON uihoon@sph.com.sg FROM afar, it looks like a simple Chinese landscape painting. And it is, exceptfor one minor detail it’s made of human hair. After the initial jolt of surprise, curiosity takes over as you take a close look at what ink made
        709 words
      • Article, Illustration
        Lock icon Exposing the inner workings of sound
        570 25  -  By CHEAH UI-HOON uihoon@sph.com.sg TO create his sound works, Singaporean sound artist Zulkifle Mahmod uses integrated circuits within sculptures and installations. Now, he’s creating sound sculptures by exposing such integrated circuits that are normally all closed up and tucked away unseen. For his first
        570 words
      • Article, Illustration
        Lock icon Making sense of the world with truthful pictures
        515 25  -  By RACHEL LOI rachloi@sph.com.sg BACK when Edwin Koo chose to pick up a camera and become a professional photographer, his family and relatives could not believe that a university graduate like him would pick what they considered a blue-collar job. “I belonged
        PHOTO: EDWIN KOO  -  515 words
    • CINEMA/COVER STORY
      • Article, Illustration
        Lock icon Adrenalin-driven tale of unconventional characters
        567 26  -  American Hustle is bold, brassy and thoroughly entertaining, saysGEOFFREY GEOFFREY EU DAVID O Russell is an American director whose films are notable for their fully-formed characters, compelling dialogue and free-flowing narratives. American Hustle, populated by familiar faces from his last two movies, is no exception.
        567 words
      • Article, Illustration
        Lock icon Fantasy saved by understated humour and lovely vistas
        494 26  -  By GEOFFREY EU THE Secret Life of Walter Mitty is escapist fare for anyone who’s ever fantasised about a life of adventure and routinely performing feats of der-ring-do, like rushing into a burning building to save a baby or scooping up a
        494 words
      • Article, Illustration
        Lock icon Music streaming services strike a chord with Asia
        540 26  -  SNEAK PEEK AT THE YEAR AHEAD DYLAN TAN dylantan@sph.com.sg MUSIC SUNITA KAUR Spotify’s director of Asia “SPOTIFY has had some exciting announcements in the past year the most recent Spotify Free and our availability in 55 markets. We will continue to provide
        FILE PHOTO  -  540 words
      • Article, Illustration
        Lock icon Paving an inexpensive, easy and quick way to get music
        580 26  -  DYLAN TAN dylantan@sph.com.sg DONA INTHAXOUM Head of label relations at Deezer for Asia and Oceania “MUSIC fans are the same in any market they’re looking for an inexpensive, easy and quick way to access a large catalogue of music. Sadly,
        580 words
    • COVER STORY
      • Article, Illustration
        Lock icon More alternative content for movie buffs
        634 27  -  SNEAK PEEK AT THE YEAR AHEAD DYLAN TAN dylantan@sph.com.sg MOVIES WILLIAM PHUAN Director of The Arts House “AS Singapore’s literary arts centre, we have programmed a bimonthly film series, But Is The Book Better? which seeks to delve into the creative process of print-to-screen
        634 words
      • Article, Illustration
        Lock icon Upbeat outlook for music festivals new and old
        569 27  -  DYLAN TAN dylantan@sph.com.sg MUSIC FESTIVALS CLARENCE YAP Assistant director, Programming, The Esplanade Co Ltd, on ending the Mosaic Music Festival on a high note and rebooting it for the future “MOSAIC and our music programmes can take many forms, hence its name.
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      • Article
        Lock icon Giving fans maximum access to new music
        345 27  -  DYLAN TAN dylantan@sph.com.sg ANDREW LAZONBY Founder of Indie label Hostess, on the unique business model of Hostess Club Weekender “AS long as people assume there’s money to be made from putting on festivals, there’ll be a proliferation of them all competing with each
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      • Article, Illustration
        Lock icon Niches opening up with party races and ‘vibe dining’
        614 27  -  DEBBIE YONG debyong@sph.com.sg NIGHTLIFE PHILLIP POON Director of lifestyle management agency Massive Collective, which co-owns nightspots such as Mink and Royal Room and cocktail bar Provocateur in Singapore, and Rootz and Providence in Kuala Lumpur “THE nightlife industry underwent some consolidation
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      • Article, Illustration
        Lock icon Short-term leases a major bugbear
        654 27  -  DEBBIE YONG debyong@sph.com.sg F&B WEE TENG WEN Founder of the Lo Behold Group, which owns bars and restaurants such as Loof, The White Rabbit and Tanjong Beach Club “THE most outstanding issue for the food and beverage industry in 2013 was most certainly the manpower
        PHOTO: LO AND BEHOLD  -  654 words
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