The Business Times, 28 December 2013

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Microfilm: NL32903
Total Pages: 42
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g DECEMBER 28-29, 2013 S$1.00 MCI (P) 086/08/2013 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article
    Lock icon A tsunami of price hikes
    40 1 YEAR IN REVIEW: MALAYSIA THE coming year is set to be the year of living frugally for many Malaysians. Few can remember when so many price increases were implemented in so short a time. 5
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  • Article
    Lock icon Army intervention not ruled out
    23 1 THAI CRISIS THAILAND’S army chief refused to rule out military intervention to defuse the escalating political crisis. 7
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  • Article
    Lock icon Keppel FELS sets world record
    34 1 RIG LANDMARK KEPPEL FELS has delivered its 21st new build offshore rig for 2013, setting a world record for the most number of rigs delivered in a year. 10
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  • Article, Illustration
    Lock icon Hard drive maker HGST axes 530
    718 1  -  It retrenches almost a quarter of its Singapore staff in what is believed to be the firm’s biggest layoff exercise in 20 years By Chuang Peck Ming peckming@sph.com.sg Singapore IN the first major retrenchment in Singapore in recent years, HGST, the enterprise hard drive
    PHOTO: SEAH KWANG PENG/THE STRAITS TIMES  -  718 words
  • Article, Illustration
    Lock icon Block 71 – Singapore’s answer to Silicon Valley?
    1603 1  - Block 71 Singapore’s answer to Silicon Valley? This simple building in Buona Vista houses a vibrant startup community By Jacquelyn Cheok jaccheok@sph.com.sg Singapore DON’T judge Block 71 by its appearance. What looks like an uninspired, prototypical seven-storey industrial building in Buona Vista happens to be the epicentre of Singapore’s startup
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  • TOP STORIES
    • Article
      Lock icon Japan popular with East Asian tourists: BOJ
      568 2  -  But report does not mention tensions over territorial disputes, military manoeuvres By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN is becoming an increasingly popular destination for East Asian tourists such as those from China and South Korea, according to a report by the Bank of
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 3,149.76 (+15.40) GSTI FUTURES 3,150.00 (+16.00) GSIMSCI 363.06 (+1.77) GSIMSCI FUTURES 363.20 (+1.40) STOCKS Friday Change KL COMP 1,861.06 +16.96 NIKKEI 225 16,178.94 +4.50 HANG SENG 23,243.24 +63.69 SET 1,298.71 -9.75 JAKARTA 4,212.98 +10.15 MANILA 5,889.83 +11.51 KOSPI 2,002.28 +2.98 SHENZHEN B 860.90 +14.09 MUMBAI IND 21,193.58 +118.99
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.799 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$) 1.267 (US$/S$ per 1.647 2.088 EURO (US$/S$/€ 1.377 1.745 Foreign currency per US$ S$ YEN 104.70 82.60 RM 3.289 2.595 HK$ 7.754 6.119 BAHT 32.83 25.91 RUPIAH 12,278 9,688 RENMINBI 6.069 4.789 INDIAN RUPEE 61.91 48.85 A$ 1.121 0.885 NZ$ 1.222 0.964
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    • Article, Illustration
      Lock icon Firms welcome exemption, but consumer watchdog laments ‘back pedalling’
      814 3  -  PDPC clarifies, saying one-off transaction doesn’t warrant exemption and firms shouldn’t market ‘indiscriminately’ DO NOT CALL RULES By Angela Tan angelat@sph.com.sg Singapore BUSINESSES such as telco StarHub welcomed the latest exemption to a ruling which would bar organisations from sending users
      814 words
    • Article, Illustration
      Lock icon Groaning under a tsunami of price hikes
      1080 5  -  Lower and middle-income earners will have to bite the bullet especially hard, with household debt already high YEAR IN REVIEW: MALAYSIA By Pauline Ng btworld@sph.com.sg Kuala Lumpur 2014 is set to be the year of living frugally for many Malaysians. Few can remember
      THE STRAITS TIMES FILE PHOTO  -  1,080 words
    • Article, Illustration
      Lock icon She relishes the power to drive the change
      1110 6  -  After having made her mark as India’s top policewoman, Kiran Bedi is now a social activist improving life for underserved people By Pauline Ng btworld@sph.com.sg Kuala Lumpur KIRAN Bedi, the first woman to join the prestigious Indian Police Service (IPS) and reach
      PHOTO: MANUEL BAUER  -  1,110 words
    • Article
      Lock icon BOJ moving closer to its 2% inflation target
      500 7  -  Monetary expansion employed to this end is likely to cause value of the yen to fall further By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan is edging closer towards achieving its target of 2 per cent annual inflation in consumer prices
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    • Article, Illustration
      Lock icon Thai crisis deepens as army chief refuses to rule out intervention
      492 7 has been no public response. Reuters, Bloomberg, AFP Bangkok THAILAND’S powerful army chief refused yesterday to rule out military intervention to defuse an escalating political crisis, the latest blow for a government determined to go ahead with a Feb
      has been no public response. Reuters, Bloomberg, AFP; PHOTO: AP  -  492 words
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      Lock icon Page 2 Advertisements Column 1
      46 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Travel L2-4 Style L5-7 Dining L8-11 Design L12 Health L13 Motoring L14-15 Sports L16 Real Estate 31
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      Lock icon Page 3 Advertisements Column 1
      66 3 SINGAPORE —SWEEP— 1 ST PRIZE $2,300,000 2 nd p R ZE 3 rd PRIZE $500,000 $250,000 9 sets of 2D winning numbers (315,000 prizes, each $6) sasil™ 1“ Pri*e_ ■f i $2.3 Million E1B SINGAPORE SWEEP 01/2014 20H $3? DRAW ON WEDNESDAY, 1 JAN 2014 p A Always play with
      66 words
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      Lock icon Page 5 Advertisements Column 1
      31 5 Ivwl $1.6 MILLION Estimated Draw on Mon, 30 Dec 2013 at 6.30pm For details, visit www.singaporepools.com.sg p Always play with care responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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      Lock icon Page 7 Advertisements Column 1
      73 7 HOT PROPERTY epitome OF LUXL/pv i Cypress Ave reS nrt\ IVln l g! 6296/ 6000 c f 2 rt k bur, g'w Unblocked view. 40n Popi Pt wS ?**>*■ 0u,et 10 mi to Orclwd missldm T^ T nd N NOT be 2 4 m r "oo emi Rare]™’ n Seavievv
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Retail in his veins
      2110 8 / 9  -  Mothercare’ CEO, Simon Calver, aim to parlay the international British brand into a truly global enterprise. By Joyce Hooi joyceh@sph.com.sg SIMON Calver is bracing himself for next year. He has plenty to preoccupy himself with, what with being Mothercare’s turnaround man and a new father to
      PHOTO: YEN MENG JIIN  -  2,110 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Keppel FELS sets world record for rig deliveries
      672 10  -  21 rigs in 2013 or one vessel delivery nearly every fortnight Reports by Malminderjit Singh msingh@sph.com.sg Singapore KEPPEL FELS (KFELS) has delivered its 21st new build offshore rig for 2013, setting a world record for the most number of rigs delivered in
      672 words
    • Article, Illustration
      Lock icon State-of-the-art drillship will be built in Japan and S’pore
      387 10 KEPPEL FELS will be building its newly announced state-of-the-art “Can Do” drillship in Japan and Singapore, instead of cheaper locations such as China and the Philippines or in Korea, which is recognised for its high-quality vessels. An unexpected location, Japan will
      ST FILE PHOTO  -  387 words
    • Article, Illustration
      Lock icon SGX queries OEL on share trading surge
      435 11  -  Stock jumps 12% to an intra-day high of 13.2 cents before closing up 5.1% at 12.4 cents By Michelle Quah michquah@sph.com.sg Singapore AN unusual flurry of interest yesterday in the shares of OEL (Holdings) Limited, formerly known as Oakwell Engineering Ltd, prompted a
      Source: Bloomberg  -  435 words
    • Article, Illustration
      Lock icon China Oilfield Tech proposes to sell all units to its chairman
      681 11  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore TROUBLED oil services firm China Oilfield Technology Services has proposed to sell all its subsidiaries to executive chairman and controlling shareholder Gao Yanming for two million yuan (S$400,000). These subsidiaries, a mix of investment
      FILE PHOTO  -  681 words
    • Business briefing
      • Article
        Lock icon Asia New Energy extends Asia Power takeover offer
        56 11 ASIA New Energy Holding has extended its takeover offer for Asia Power Corp to Jan 10 next year. The offeror’s deemed control of Asia Power stood at 84.25 per cent as at Dec 27, including a 57.54 per cent interest from acceptances
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      • Article
        Lock icon Impairment hits Transview’s bottom line
        61 11 GOLF equipment retailer Transview posted a $2.3 million net loss for the year ended Oct 31, from a year-ago $906,000 net profit, as total revenue fell 11 per cent to $29.5 million and the company took a $1.3 million impairment on investments. Transview plans to
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      • Article
        Lock icon Teho plans two-for-five rights issue
        37 11 OFFSHORE and marine contractor Teho International plans to offer two rights shares at 9 cents apiece for every five shares held. Teho shares were last traded at 17 cents on Dec 12.
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    • Article, Illustration
      Lock icon Window-dressing props up index; penny stocks show signs of life
      604 12  -  STOCKS| R Sivanithy sivan@sph.com.sg Senior Correspondent APROBABLEwin-dow-dressing push on t h e S t ra i t s Times Index and a return of penny stock punting marked the penultimate trading week of 2013. Since United States Federal Reserve chairman
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    • Article
      Lock icon TOP GAINERS
      58 12 BY CENTS CLOSE UP Jardine C&C 3629 86.0 2.4 GLD 10US$ ***** 78.6 0.5 Lyxor Europe 10 US$ 1554 73.5 3.9 DBXT MSJAP 10US$ 4693 71.0 1.2 DBXT Nifty 10US$ ***** 60.8 0.5 JMH 5193 53.2 0.8 Lyxor Indonesia10US$ 6996 48.2 0.5 DBXT FTVietnam 10US$ 2442 20.3 0.7
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    • Article
      Lock icon TOP LOSERS
      64 12 BY CENTS CLOSEDOWN Lyxor ThaiSET 10US$ ***** -912.2 -6.0 IS LC 1-3Y 100US$ 979 -36.7 -2.9 DBXT MSCHINA 10US$ 1239 -25.3 -1.6 Lyxor China H 10US$ 1440 -12.7 -0.7 IS LC BND 100US$ 921 -11.4 -1.0 Great Eastern 1775 -7.0 -0.4 Linc Energy 153 -5.5 -3.5 DBXT MSINDO
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    • Article
      Lock icon Japanese hedge funds get a big boost from Abenomics
      651 12 Bloomberg Singapore/Hong Kong JAPANESE hedge funds are heading for record returns this year as investors bet that Prime Minister Shinzo Abe’s policies will succeed in reviving the world’s third-largest economy. Stratton Street Capital LLP’s warrant fund returned more than 300 per
      Bloomberg  -  651 words
    • Article
      Lock icon TOP 20 ACTIVES
      196 12 VOL CLOSE Char i sma Energy 621,899 7 .8 0.4 4 .9 OEL 240,640 12 4 0.6 5 1 Albedo 1 32,562 5.5 0.1 1 621,899 .8 S I I C Env 1 29,933 18.2 0.6 3 4 GSH Corp 1 21 ,926 8.1 0.2 2 .5
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    • Article
      Lock icon STI STOCKS
      109 12 Stock name Close Change CapMallsAsia 1.945 -0.020 CapitaLand 3.030 +0.010 CapitaMall 1.910 +0.005 CityDev 9.600 ComfortDelGro 1.995 -0.005 DBS Grp 17.03 +0.120 GLP 2.870 Genting SP 1.470 -0.005 Golden Agri 0.540 +0.005 HK Land 5.800 +0.020 HPH Trust US$ 0.665 +0.010 JMH 51.93 +0.420 JSH 31.96 -0.010 Jardine
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    • Article
      Lock icon ‘Thrifty three’ resilient to tapering: Schroders
      525 13  -  These emerging economies are South Korea, Taiwan and the Philippines By Andrea Soh sandrea@sph.com.sg Singapore TROUBLE may be brewing in emerging economies despite the relative calm in these markets since the US’s announcement on the start of tapering. There are, however, three economies South
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    • Article, Illustration
      Lock icon Derivatives business becoming a pillar of strength for SGX
      552 13  -  By Kenneth Lim kenlim@sph.com.sg Singapore THE Singapore Exchange (SGX) is on the cusp of turning in another strong year for its derivatives business, a sign that the market operator has found some success in diversifying its income. “This is not a
      Compiled byBT  -  552 words
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  • SINGAPORE
    • Article
      Lock icon LTA reports improved taxi service performance
      456 14  -  Rules from Jan 1 result in more cabs on the road, more booking jobs catered to, more 2-shift taxis By Samuel Ee samuelee@sph.com.sg ONE year after the implementation of the taxi availability (TA) standards, the Land Transport Authority (LTA) yesterday said more taxis are
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    • Briefing
      • Article
        Lock icon SingTel completes 3G, 4G upgrades on MRT
        55 14 SINGTEL has finished upgrading its 3G and 4G networks along the North-East MRT line to improve mobile coverage in MRT stations and tunnels. The telco has also upgraded the network in 12 stations on the Circle Line, including Harbourfront, Haw Par Villa, one
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      • Article
        Lock icon CPIB assistant director to plead guilty to graft
        128 14 EDWIN Yeo, an assistant director of the Corrupt Practices Investigation Bureau (CPIB) who was charged in July with 21 offences including misappropriation and forgery, said yesterday that he would plead guilty to the charges in the Subordinate Courts on Jan 21. The
        128 words
      • Article
        Lock icon MPA commissions new buoy tender vessel
        87 14 THE Maritime and Port Authority of Singapore (MPA) has commissioned a new buoy tender vessel to enhance safety in Singapore waters. Named Panduan (Malay for “guidance”), the $4.8 million vessel can carry two buoys and has a heavier lifting capacity of 10 tonnes. It
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      • Article
        Lock icon New traffic arrangements for Little India
        78 14 THE Land Transport Authority (LTA) said it will put in place new traffic arrangements in Little India on Sundays, starting tomorrow. This will help facilitate the operation of bus services serving the area. A stretch of Hampshire Road, starting from Rutland Road to Race
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    • Article
      Lock icon Two start-ups based here are fastestgrowing firms in SE Asia
      419 15  -  By Jacquelyn Cheok jaccheok@sph.com.sg TWO Singapore-based start-ups have emerged as the fastest-growing tech companies in South-east Asia, boasting staggering revenue growth rates of 902.09 and 869.61 per cent over three years, Deloitte’s 2013 Technology Fast500 Asia Pacific report shows. MatchMove
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    • Article
      Lock icon Changi heads for a record year
      416 15  -  Passenger numbers may hit a new record after Jan-Nov volume posts 5.1% rise By Nisha Ramchandani nishar@sph.com.sg CHANGI Airport appears on track for another record year as passenger numbers for January to November totalled some 48.6 million, a 5.1 per cent year-on-year increase. Last
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    • Article
      Lock icon Ascenz secures fresh funding for its fuel monitor system
      238 15  -  By Jacquelyn Cheok jaccheok@sph.com.sg JUST one year after securing $590,000 in seed funding from early-stage startup incubator Red Dot Ventures, Ascenz yesterday announced it has secured a fresh round of equity investment from BW Ventures’ Green Marine Capital (GMC). The investment
      238 words
    • Article
      Lock icon JTC signals offer of small plots on short tenure beyond Tuas
      1276 16  -  It launches 4 more sites in Tuas South; notes that land tender prices have begun to stabilise By Kalpana Rashiwala kalpana@sph.com.sg JTC Corp yesterday launched four more small, short-tenure industrial plots in Tuas South and said that it would
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    • Article
      Lock icon Q4 GDP likely to have shrunk: economists
      176 16 They predict 1.6% q-o-q contraction Reuters SINGAPORE’S economy probably shrank in the fourth quarter against the third for the first time in more than a year, hurt by sluggish factory output and exports, according to a new poll conducted by Reuters. The Republic’s
      Reuters  -  176 words
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      Lock icon Page 15 Advertisements Column 1
      247 15 Have a drink on us! Enjoy 2 complimentary drinks with every purchase of a Beer Bites Platter or Erwin’s Carnivore Platter Venue:Erwin’s Gastrobar, 8A Marina Boulevard, #01-01, Ground Plaza, Marina Bay Link Mall, Singapore *****4 Tel: (65) 6634 8715 Website:www.erwins.com.sg Email: enquiries@erwins.com.sg Promotional offers: Receive 2 complimentary glasses of imported
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  • WORLD
    • Article
      Lock icon China’s 2013 trade growth set to miss target
      415 17 Annual trade growth rate expected to reach 7%, lower than the official target of 8% Reuters Beijing CHINA’S total exports and imports are expected to reach US$4.14 trillion this year, Commerce Minister Gao Hucheng said yesterday, a figure that indicates an annual
      Reuters  -  415 words
    • Article
      Lock icon Indonesia polls, current account deficit keep bond players away
      715 17 Bloomberg Jakarta INDONESIA’S elections and cur-rent-account deficit are deterring Western Asset Management and PineBridge Investments from snapping up this year’s worstperforming developing nation bonds. The debt slid 13.4 per cent this year, more than three times the 4.4 per cent loss
      Bloomberg  -  715 words
    • Article, Illustration
      Lock icon China urbanisation rate to hit 6o% by 2018: think tank
      352 17 Reuters Shanghai CHINA’S urbanisation rate is expected to hit 60 per cent by 2018, according to a prominent government think tank report, two years ahead of previous official expectations, giving a potential economic boost to the world’s second largest economy.
      Reuters; PHOTO: REUTERS  -  352 words
    • Article, Illustration
      Lock icon Alibaba, 10 others enter China’s wireless industry
      599 18 Regulators open market, award new licences Bloomberg Beijing AN Alibaba Group unit and 10 other companies will compete for wireless subscribers in China after regulators awarded new operating licences, a step towards opening the world’s largest mobile market. Alibaba’s HiChina unit, which offers
      Bloomberg; PHOTO: REUTERS  -  599 words
    • Article
      Lock icon Little joy as Latvia joins eurozone
      554 18 AFP Riga FIREWORKS will light up the skies above Riga when Latvia adopts the euro on Jan 1, but on the ground the feeling will be far from festive among those fearing the impact of the switch. Polls show that just a fifth of
      AFP  -  554 words
    • Article
      Lock icon IFC to invest 12b yuan in China interbank bond market
      362 18 Reuters Shanghai THE International Finance Corporation, the private-sector investment arm of the World Bank, has signed an agreement with China’s central bank to invest 12 billion yuan (S$2.5 billion) in the country’s interbank bond market. The IFC said the agreement,
      Reuters  -  362 words
    • Article
      Lock icon Indonesia to proceed with ore export ban
      389 19 Move, aimed at boosting export value by promoting processing, sends nickel prices up Bloomberg Jakarta INDONESIA, the world’s largest mined nickel producer, will proceed with a plan to ban miner-al-ore exports for mining companies without smelters next month, while regulating shipments by miners
      Bloomberg  -  389 words
    • Article, Illustration
      Lock icon 11th hour shopping throw US retailers, couriers into tizzy
      659 19 Poor weather, system overload lead to delayed shipments AP [NEW YORK] Americans waited until the last minute to buy holiday gifts, but retailers weren’t prepared for the spike. Heavy spending in the final days of the mostly lacklustre season sent sales
      AP; PHOTO: AFP  -  659 words
    • Article
      Lock icon UK seen as Europe’s top economy by 2030
      205 19 It’ll surpass France, Germany with bigger population: report AFP [LONDON] Britain will surpass France and Germany to become Europe’s biggest economy by 2030, according to a study released on Thursday. British research group the Centre for Economics and Business Research (CEBR) predicts
      AFP  -  205 words
    • Article
      Lock icon Rosneft not eyeing new acquisitions
      438 20 Oil producer says focus now is on completing Morgan deal Reuters Moscow ROSNEFT yesterday said it will focus on integrating Morgan Stanley’s oil trading unit it agreed to buy last week rather than making new acquisitions. The move sends a clear signal Rosneft is keen
      Reuters  -  438 words
    • Article, Illustration
      Lock icon GM recalls 1.5m cars in China over fuel pump issue
      400 20 Reuters Shanghai GENERAL Motors Co’s China joint venture will recall close to 1.5 million vehicles due to potential safety issues in one of the biggest recalls in the world’s biggest car market. Shanghai General Motors Co Ltd, GM’s venture with
      Reuters; AP FILE PHOTO  -  400 words
    • Briefing
      • Article
        Lock icon Okinawa approves relocation of US military base
        159 20 AFP Tokyo JAPANESE officials in Okinawa yesterday approved the long-stalled relocation of a controversial US military base, a breakthrough that could remove a running sore in relations between Tokyo and Washington. More than 17 years after the two allies agreed to move the
        AFP  -  159 words
      • Article
        Lock icon India steps up retaliation against US embassy staff
        142 20 Reuters New Delhi INDIA has sought details about staff in American schools in the country for possible tax violations and revoked ID cards of US consular officials and their families, retaliatory steps for the arrest of an Indian diplomat in New York
        Reuters  -  142 words
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8032 21 Transaction date: Dec 27 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 12.9 10.6 0.9 9.6 55.6 20 3.3 A-Sonic 11.7 +0.8 ***** 12.3 11 11.7 11.8 1.1
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    • Article
      Lock icon SGX CATALIST
      1889 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 26 26 30 25.6 27.5 17.1 t 800 Super 22 -2.5 5 22 22 20 24 3.2 4.5 6.9 39.3
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 1 0 0 0 9 4 1 Manufacturing 53 40 36 7 11 7 60 51 43 Commerce 21 20 17 4 6 2 25 26 19 Tpt/Stor/Comms 23 7 8
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      787 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 23 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp 26-Dec-13 Koh Wee Meng Buy 650 0.22 *****50 73.82 *****00 73.83 Fragrance Grp 26-Dec-13 Lim
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 41,378 41,378 40,589 40,589 Manufacturing 320,950 196,657 517,607 95,979 7,263 103,242 Commerce 257,200 558,490 815,690 66,078 62,174 128,252 Tpt/Stor/Comms 85,421 4,863 90,284 91,277 583 91,860 Finance 64,389 73 64,462 111,474 24 111,499 Construction 80,020 627,066
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  • MARKETS
    • Article
      Lock icon LIFFE
      92 25 Dec 24 COCOA (£/tonne) Close Prev High Low Mar 14 1809 1791 1809 1793 May 14 1798 1781 1800 1782 Jul 14 1786 1770 1789 1773 Sep 14 1777 1760 1780 1765 COFFEE(US$/tonne) Close Prev High Low Jan 14 1694 1700 1700 1685 Mar 14 1691 1705 1703 1689
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    • Article
      Lock icon METALS
      66 25 Dec 27 GOLD(US$/oz) Dec 27 Dec 26 Hong Kong 1221.00 1208.00 Dec 26 Dec 24 London 1212.52 1201.30 1213.40 1202.05 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.57 24.78 Source: UOB PLATINUM Lon (US$/oz) Dec 24 Close Previous PM Fix 1332.00 AM Fix 1327.00 1337.00 Source: LPPM
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Dec 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.155 1.100 Can dollar 1.214 1.168 Euro 1.779 1.695 Sterling pound 2.122 2.041 NZ dollar 1.061 1.021 US dollar 1.295 1.234 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 25
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    • Article
      Lock icon PALM OIL
      60 25 Dec 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2600.0 2612.0 2628.0 2600.0 50 2265 Feb 14 2619.0 2626.0 2640.0 2618.0 2143 ***** Mar 14 2626.0 2634.0 2653.0 2626.0 ***** ***** Apr 14 2639.0 2640.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Dec 27 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-16 101.6 5-Year N*****0T 0.5 01-Apr-18 97.59 97.60 97.53 10-Year NX*****H
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Dec 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1300 1.1308 0.8919 0.8921 Canadian dollar 1.1927 1.1938 0.9418 0.9414 Euro 1.7443 1.7454 1.3767 1.3769 NZ dollar 1.0367 1.0377 0.8182 0.8186 Sterling pound 2.0871 2.0885 1.6473 1.6476
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    • Article
      Lock icon CHICAGO BOT
      104 25 Dec 26 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 14 1318.75 1333.75 1332.00 1316.75 Mar 14 1305.25 1322.75 1319.00 1302.25 May 14 1290.50 1307.25 1304.00 1287.50 Jul 14 1278.75 1293.75 1292.00 1275.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jan 14 38.87 39.10 39.24 38.82
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    • Article
      Lock icon OIL
      65 25 Dec 26 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 112.08 0.26 WTI (Near Mth) 99.62 0.75 Dubai (1-Mth F) 108.28 -0.22 Tapis blend 116.60 -0.62 Minas 110.10 -0.62 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.83 0.27 Jet Kerosene 126.91 -0.10 US$/barrel OpecOil Basket Price 108.73
      65 words
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      Lock icon LONDON METALS
      71 25 Dec 24 Aluminium, 99.7% purity (US$/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$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Dec 26 Index Change Change Change Change Change Change World Preliminary 1175.4 0.3 25.3 0.3 27.7 0.3 22.9 EAFE Preliminary 945.8 0.3 22.1 0.4 22.1 0.4 17.5 Europe Preliminary 1340.8 0.0 16.9
      373 words
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  • PERSPECTIVE
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      Lock icon The yearning for work-life balance
      1784 26 / 27  -  The balance everyone wants is not a zero sum game, says Liew Mun Leong Dear colleagues, Last month I gave a talk to several high potential engineering students from the National University of Singapore. One student politely asked me “Sir, you have great career achievements
      1,784 words
  • Page 26 / 27 Miscellaneous
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      311 26 / 27 CRYPTIC CROSSWORD Across 1 Dejected fellow killed in battle (10) 6 Hippie girl mostly fashionable (4) 9 Winning punch is about right (5) 10 Small attendance at theatre where Oliver was produced (9) 12 Increase in numbers opposing euthanasia quotient (13) 14 Things prepared for those arriving with coffees the
      311 words
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  • Wealth
    • Article, Illustration
      Lock icon A bad year for gilts
      893 28  -  UK government bonds on course for biggest tumble since 1994. By Lucy Meakin Bloomberg London Investors with more than US$2 trillion of assets are shunning UK government bonds as a revitalised economy and waning demand for haven assets inflicts the worst losses on holders in
      Bloomberg; PHOTO: AFP  -  893 words
    • WEALTH INVESTING
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        Lock icon Credit quality of US firms seen to be in decline
        1017 29 They borrow unprecedented amounts to expand, reward shareholders Bloomb erg New York CREDIT quality for US companies is showing signs of weakening as issuers from Verizon Communications to Apple borrow unprecedented amounts of money to expand and reward shareholders. A
        Bloomberg; PHOTO: REUTERS, AP  -  1,017 words
      • Article
        Lock icon US money market fund assets up US$22b: trade group
        328 29 AP New York TOTAL US money market mutual fund assets rose US$22.09 billion to US$2.697 trillion for the week that ended Monday, according to the Investment Company Institute. Assets in the nation’s retail money market mutual funds rose US$1.27 billion to
        AP  -  328 words
    • WEALTH REAL ESTATE
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        Lock icon KKR & Co raises first real estate fund
        583 30 KKR Co raises first real estate fund Private equity firm secures US$1.5 billion that will be invested in North America and Western Europe Reuters PRIVATE equity company KKR Co said on Tuesday that it had raised a US$1.5 billion real estate fund, its first dedicated investment pool for the asset
        Reuters; PHOTO: BLOOMBERG  -  583 words
      • Article
        Lock icon Househunt
        347 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 20 AND NOV 26, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Alex Residences Apt 22/11/2013 99 678 1114 1643 District 4 NON-LANDED The Interlace Apt
        347 words
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        Lock icon Empire State investors file suit against owners
        476 31 They claim they were shortchanged US$300m due to IPO Reuters New York INVESTORS in the Empire State Building have filed a lawsuit accusing the real estate magnates who took it public of short-chang-ing them US$300 million by refusing to sell the iconic skyscraper
        Reuters; PHOTO: AFP  -  476 words
      • Article
        Lock icon Average US fixed mortgage rates up
        340 31 AP Washington AVERAGE US rates for fixed mortgages crept higher this week, but remained low by historical standards. Mortgage buyer Freddie Mac said on Thursday that the rate on the 30-year loan increased to 4.48 per cent from 4.47 per cent last week. The
        AP  -  340 words
      • Article
        Lock icon HK property buyers play waiting game
        517 31 Xinhua Hong Kong AFTER viewing flats for three months, Jason, a 27-year-old groom-to-be, has not yet made up his mind whether to buy one as his matrimonial home, on speculation that housing prices might fall next year. “I’d like to wait-and-see how prices will
        Xinhua  -  517 words
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      57 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN STEEL. AL ROY SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AUDEMARSPIGUET .COM Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore.
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      69 1 BT THE BUSINESS TIMES WEEKEND DECEMBER 28 29 2013 Living STYLE Business dynamo of Tom Ford L5 STYLE Personal stylists rule L6-7 TRAVEL HOT SPOTS 2014 Mapping out the top holiday trends and destinations L2-4 DINING Global chefs’ take on 2014 trends L8-9 PHOTO: CHAN BROTHERS TRAVEL DINING Chefs’ pet
      69 words
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  • BT Living
    • TRAVEL
      • Article, Illustration
        Lock icon WANDERLUST 2014
        1249 2 / 3  -  From slow-travel cruising to daredevil heli-skiing, a world of travel options beckon. By Tay Suan Chiang taysc@sph.com.sg GET ready to do the Samba. It’s no secret that Singaporeans love to travel, and not even thoughts of a 30-hour flight crammed into economy class will dampen their enthusiasm. No
        PHOTOS: AIRBNB, DYNASTY TRAVEL  -  1,249 words
      • Article, Illustration
        Lock icon Travel agents ramp up thrills
        1081 2 / 3  -  Get the lowdown on holiday packages to fit every budget By Tay Suan Chiang CAN’T decide where to go? Here are some ideas. Hunting with the Bushmen WHAT’S next after seeing the Big 5 at an African safari? Perhaps a hunting expedition. This eight-day exotic
        PHOTO: URBANE NOMADS; PHOTOS: PRIME TOUCH AND FEEL, LIGHTFOOT TRAVEL, DYNASTY TRAVEL  -  1,081 words
    • STYLE
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        Lock icon The business of true luxury
        1027 5  -  Domenico De Sole, the business dynamo of Tom Ford International, talks about successfully building the brand globally. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg FOR most people, retirement means leisurely days ahead, jet-setting across the world, fine-dining at restaurants and playing endless rounds
        1,027 words
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        Lock icon PERSONAL STYLISTS RULE
        1451 6 / 7  -  Usher in the New Year with a style revamp, by tapping on the expertise of professionals to update your closet. By May Yip MENTION “personal stylist” and immediately the image of celebrities on the red carpet and larger-than-life fashion divas such as Rachel Zoe, with clothing lines
        PHOTOS: INVERTED EDGE, DIALFORSTYLE, ROBINSONS, ST FILE  -  1,451 words
    • DINING
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        Lock icon Food for thought
        2364 8 / 9  -  Global chefs give their take on what’s in and what’s out for the new year. By Debbie Yong and Jaime Ee By Debbie Yong, Jaime Ee jaime@sph.com.sg debyong@sph.com.sg Alvin Leung Bo Innovation, Hong Kong “SPANISH and South American cuisine such as Peruvian cuisine has been quite a
        PHOTO: AP  -  2,364 words
      • Article, Illustration
        Lock icon What’s cooking in 2014
        1102 10 / 11  -  Local F&B personalities weigh in on their favourite food fads and pet peeves for 2013, and share their 2014 forecasts. By Debbie Yong By Debbie Yong debyong@sph.com.sg Andre Chiang Restaurant Andre Favourite food trend in 2013: Speciality coffee Most irked by: Tapas and cupcakes Food trend
        1,102 words
    • DESIGN
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        Lock icon Crafting functionality from cut-outs
        885 12  -  Two AA graduates take a new approach to smart furniture and space-saving designs. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg Produce 1007 Eunos Ave 7 01-45 Singapore *****8 Z6846 8273 IT started with a child’s rocking chair. A cute elephant-shaped seat that Loh Jian Hao fashioned
        PHOTOS: JOSEPH NAIR, PRODUCE  -  885 words
    • HEALTH
      • Article, Illustration
        Lock icon At the heart of celebrations
        1320 13  -  With risk-scoring systems done by your doctor, you can take the guesswork out of heart disease Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal Publishing Group);
        PHOTO: REUTERS  -  1,320 words
    • MOTORING
      • Article, Illustration
        Lock icon What’s new in Cat A
        590 14  -  The new COE Category A should be a very different place in February. For one, BMW will no longer be represented in this segment for cars under 1,600cc because none of its models will have an engine output of below 97 kW or 130 hp.
        590 words
      • Article, Illustration
        Lock icon The latest Cat B models in 2014
        829 15  -  By Samuel Ee samuelee@sph.com.sg Audi S3 Sedan THE S3 Sedan has phenomenal looks and performance. The top performer of the new A3 sedan range sizzles with a 2.0-litre quattro drivetrain as standard. With a manic 290 hp and 380 Nm, it races from
        829 words
    • SPORTS
      • Article, Illustration
        Lock icon Six wishes for a happy new year
        913 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WE are less than four days away to a brand new year, and it’s time to start drawing up a wish list for what you want to see in your favourite sports come 2014. There will
        PHOTOS: AP, SINGAPORE SPORTS HUB/WORLD SPORT GROUP, ST FILE  -  913 words
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      989 10 / 11 wine& dine with BTWeekend Poolside Countdown Party Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 Ring in 2014 at The Pool Garden with live performances and an array of delicious BBQ items in addition to Classic Beef Stew with Caramelized Onion, Sauté Di Vongole with Fresh Basil, Pan-fried Fish Fillet
      989 words
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      33 16 HOME NEE S -i •O M ;.C Need a TV repairman To find out more, turn to CLASS 120 in CATS Classified in The Straits Times now. WAT3 BUY IT-SELL IT* FIND IT
      33 words