The Business Times, 30 December 2013

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Total Pages: 28
1 28 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Monday, December 30, 2013
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  • 931 1  -  Daisho Group’s Marina Bay hotel buy is at a hefty $1.5m per room By FELDA CHAY feldac@sph.com.sg [SINGAPORE] Just over a month after officially opening its doors to guests, The Westin Singapore hotel has been sold for $468 million to Japan-based property developer and
    ST FILE PHOTO  -  931 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,149.76 +55.28 KL COMP 1,861.06 +23.03 NIKKEI 225 16,178.94 +308.52 HANG SENG 23,243.24 +431.06 SET INDEX 1,298.71 -44.01 JAKARTA COMP 4,212.98 +17.42 MANILA COMP 5,889.83 +54.70 SEOUL COMP 2,002.28 +18.93 SHENZHEN B 860.90 +11.43 MUMBAI IND 21,193.58 +113.86 DOW 16,478.41 +257.27 NASDAQ 4,156.59 +51.85 S&P
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    • 21 1 SINGAPORE MALAYSIA MALAYSIA 6.55 HONG KONG TAIWAN INDONESIA 14.799 TAIWAN BRITAIN JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.647 2.088 EURO (US$/S$/E) 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 48.55 A$ 1.121 0.885 NZ$ 1.222 0.964
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  • 937 1  -  Solid price increases that drove strong returns in the past decade are over YEAR IN REVIEW: COMMODITIES By ANDREA SOH By sandrea@sph.com.sg [SINGAPORE] The resurgence of fundamental supply and demand as a driver of commodity prices was supposed to be a life buoy
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  • Page 1 Advertisements
    • 149 1 TOPLINE Raimon Land’s future plans PAGE 5 BITCOIN A breakthrough in financial protocol PAGE 8 YEAR IN REVIEW: SINGAPORE POLITICS 12 months of exciting, unpredictable events PAGE 2 DINING OUT New platform for Ryan Clift’s talents PAGE 21 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories,
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  • TOP STORIES
    • 874 2  -  The only threat to a New Year rally for the US stock market will be a spike in interest rates WALL STREET INSIGHT By ROB CURRAN US STOCKS finished the last full trading week of 2013 near record highs, and
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    • 1251 2  - A female Speaker, a national dialogue and plenty of action The past 12 months were full of exciting, unpredictable events YEAR IN REVIEW: SINGAPORE POLITICS By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Singapore rang in the new year in 2013 with the political scene still flummoxed by what had transpired just a
      ST AND TNP FILE PHOTOS  -  1,251 words
    • 459 2 Westin Singapore hotel sold for $468m THE Westin Singapore hotel has been sold for $468 million to Japan-based property developer Daisho Group. FRONT PAGE Commodities end year on dismal note THE resurgence of fundamental supply and demand as a driver of commodity prices was supposed to be a
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    • 819 4  -  Non-profit entities under Companies Act expected to ensure transparency By NEETA LAL in New Delhi AHEAD of one of the most avidly watched general elections in Indian history, “Electoral Trusts” are being set up by a slew of top corporate houses includ-
      PHOTO: REUTERS  -  819 words
    • 291 4 Reuters [SHANGHAI] China will evaluate the performance of its state-owned enterprises (SOEs) in 2014 and “severely deal with” companies that perform poorly, are continuously loss-mak-ing or do not meet safety standards, state news agency Xinhua said yesterday. Beijing hopes to
      Reuters  -  291 words

  • Page 3 Advertisements
    • 101 3 MESURE ET DEMESURE' 24 24 0 TONDA HEMISPHERES Rose gold Automatic movement Dual time zone indication Hermes alligator strap Made in Switzerland www.parmigiani.ch PARMIGIANl FLEURIER THE HOURGLASS SINGAPORE STUDIO PARMIGIANI MARINA BAY SANDS TEL 65-6688 7525 I TAKASHIMAYA S.C. TEL 65-6734 2420 I TANG PLAZA TEL 65-6235 7198 PARAGON TEL
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  • Page 4 Advertisements
    • 915 4 EXCLUSIVE CATEGORY Zero Spot Laundry Services Pte Ltd Primex Enterprise Pte Ltd SINGAPORE ENRICH GROUP PTE LTD WOULD LIKE TO CONGRATULATE ALL THE RECIPIENTS OF THE 2013 ASIA EXCELLENCE AWARD PLATINUM CATEGORY Doka Formwork Pte Ltd Glen Iris Int’l Pte Ltd Laundry Network Pte Ltd Lian Hup Brothers Pte Ltd
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  • COMPANY NEWS
    • 1205 5  -  CEO Johnson Tan’s ‘can-do’ attitude has enabled him to run a tight ship and now he is gearing the firm up for expansion. By MINDY TAN TOPLINE ByMINDY MINDY TAN tanmindy@sph.com.sg A CERTAIN “can-do” attitude seems to drive Johnson Tan, the man behind Raimon
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    • 261 5 Dec 27 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd ...5.50 Bank of China Limited 5.50 Bank of Communications ...5.50 Bank of Communications ...5.50 Bank of Tokyo-Mitsubishi ...5.75 Banque Internationale a ...5.50 BNP Paribas Bank of Tokyo-Mitsubishi Chang Hwa Commercial
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    • 810 5  -  But the outlook remains mixed for mid-stream traders despite a lift in Sep YEAR IN REVIEW: COMMODITIES By ANDREA SOH sandrea@sph.com.sg IT was a year of two halves for the listed commodity traders and palm oil plantation firms. But while the light
      PHOTO: REUTERS  -  810 words
    • 1583 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd THE buying was flat while the selling was low among directors for the fourth straight week, according to Singapore Exchange filings during the holiday-shortened Dec 23-27 week. A total of 11 companies recorded
      Source: Asia Insider Limited  -  1,583 words
  • Page 5 Advertisements

  • SINGAPORE MARKETS
    • 681 6  -  STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent LAST week’s column concluded that the Straits Times Index would likely benefit from a spot of win-dow-dressing and, if this did occur, it would most probably push the index into positive territory for the year. Since then,
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    • 507 6 CURRENCIES Bloomberg [NEW YORK] The euro last week rallied for the sixth time in seven weeks on optimism that the region’s economy will continue to rebound from contractions in 2012 and 2013 following the financial crisis. The 17-nation currency gained as the cur-rent-account
      Bloomberg  -  507 words
    • 873 6 COMMODITIES AFP [LONDON] Commodity prices largely rose last week in quiet trade, but with gold set for its first annual drop since the year 2000. Precious metals: Trading was dominated by gold, which barring a late price surge, will suffer a
      AFP  -  873 words
    • 1478 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 1.75 1.75 4 10.43 13.57 1.75 1.44 Amtek Engineering Ltd 3.00 3.00 2 0.05 7.69 0.52 0.48 ARA Asset Management 2.29 2.17
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    • 4 6 WEEKLY
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    • 77 6 Dec 27 VALUE CLOSE BT OB/OS 515.00 +52.00 BT CADI -*****.00 +27.00 BT 10-day MA -*****.00 +52.00 FTSE ST Mid Cap 720.01 +1.61 FTSE ST Small Cap 538.40 +0.37 FTSE ST All Share 764.45 +3.16 FTSE ST China Top 197.70 +0.54 FTSE ST China 222.84 +0.58 FTSE
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    • 57 6 VOLUME Charisma Energy 1,902,242,000 Albedo 736,527,000 Vallianz Hldgs 463,165,000 HanKore 449,212,000 Viking 384,025,000 Otto Marine 382,307,000 OEL 374,615,000 KLW Hldgs 302,327,000 SingHaiyi 277,293,000 Charisma W*****3 273,690,000 VALUE($) Charisma Energy 146,083,290 DBS Grp 124,357,406 SingTel 115,375,137 Vallianz Hldgs 83,550,850 OCBC Bk 79,837,299 Keppel Corp 77,073,373 UOB 75,998,692 Viking
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    • 118 6 BY CENTS CLOSE UP DBXT MSUSA 10US$ 4544 202.7 3.6 GLD 10US$ ***** 178.7 1.2 Jardine C&C 3629 169.0 4.9 DBXT S&P500 10US$ 3020 139.4 3.8 DBXT MSEurope 10US$ 5842 124.2 1.7 DBXT MSJAP 10US$ 4693 109.0 1.9 Lyxor US DJIA 10 US$ 1659 76.0 3.8 Lyxor Europe 10
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    • 128 6 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -912.2 -6.0 Hyflux 6% CPS 10 ***** -70.0 -0.6 DBXT S&P Short 10US$ 2619 -48.2 -1.4 IS LC 1-3Y 100US$ 979 -36.7 -2.9 DBXT MSPacExJp 10US$ 503 -30.4 -4.6 DBXT iBoxxSing 5SG$ ***** -21.0 -0.2 Isetan 418 -20.0 -4.6 DBXT MSCHINA
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    • 5 6 WEEKLY
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  • Page 7 Advertisements
    • 433 7 K ft K •r 0 0* i a > V v 4i» V» V& A A The Business Times Maybank Kim Eng Invest Asia 2014 Taking Stock Of Your Future What lies ahead for you, the investor, in 2014? Hear from our distinguished panel of speakers at this seminar as
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  • SINGAPORE NEWS
    • 676 8  -  Its ledger provides a decentralised cloudbased transactions record, preventing counterfeiting Reports by CHAN YI WEN yiwenc@sph.com.sg BITCOIN’s extreme price swings often capture headlines, but what’s arguably more important is the breakthrough it represents in financial protocol, market players say. Earlier this month, the value
      PHOTO: BLOOMBERG  -  676 words
    • 564 8 Acceptance rate of Bitcoin payment gaining traction, but at slow pace MERCHANTS are still dragging their feet in accepting Bitcoin payments although the number of those prepared to do so has increased substantially. In September 2012, BitPay, the world leader in business solutions for
      564 words
    • Article, Illustration
      398 8  -  By MINDY TAN tanmindy@sph.com.sg Carousel spreads festive cheer IN addition to a visit, Carousel restaurant in Royal Plaza on Scotts is organising two donation drives. The first, conducted for associates, is dedicated to MINDSVille@Napiri (children’s wing). In the second, the hotel is donating $1 to Eden Children’s Centre
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    • 583 8 Payment Ex Rec Pay Ann (cts) date date date date AIMS Prop Securities (Sep-Dec 2013) ct 0.150 27-Dec 31-Dec 21-Mar 18-Dec China Southern Air ADR 10 ah 34.551 18-Jun 20-Jun ai 11-Jun CNMC Goldmine aw 0.100 26-Dec 30-Dec 20-Jan 16-Dec CSE Global bh 28.000 30-Dec 02-Jan 13-Jan 04-Dec
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    • 290 8 COMPANY MEETING PLACE DATE TIME Annaik Ltd E 52 Tuas Avenue 9 30-Dec 9.30am China New Town E via webcast at Regus Singapore 30-Dec 10.00am Level 8 Samsung Hub 3 Church Street Eastgate Tech A RELC International Hotel Room 507 30-Dec 2.00pm Level 5 30 Orange Grove Road
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  • Page 8 Advertisements
    • 86 8 CATS Recruit Scholars'Choice 2014 In The Straits Times Engag the of minds futu our re With the upcoming publication of the 22" d installment of The Straits Times CATS Recruit Scholars'Choice, it is clear that this advertising feature remains a distinctive platform from which organisations can showcase their prestigious scholarship
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  • Page 9 Advertisements
    • 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
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1858 10  -  HAOXIANGsums up the investing topics of this space in 2013 CAI HAOXIANG LAST WEEK, we discussed personal finance. Learning how to set financial goals, manage your spending and build up saving habits is only one side of the coin. To get the best returns, one has
      PHOTOS: ROUTERS, FILE  -  1,858 words
    • 1491 10  -  Stock investors should treat potential buys seriously by evaluating them from various angles MONDAY MULTIPLE CAI HAOXIANG haoxiang@sph.com.sg Correspondent THE most important question in stock investing is what price to buy a company at. Investors spend plenty of time trying to figure out the answer, so
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  • Page 10 Advertisements
    • 157 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • MALAYSIA/INDONESIA
    • 631 11 Air-conditioning can take up about 65% of energy used in commercial buildings [PETALING JAYA] Temperatures are set to rise in Malaysia’s shopping malls, buildings and offices as owners start to cut energy costs next year, The Star reported yesterday. The
      FILE PHOTO  -  631 words
    • 1416 11 VOL Dec 27 RM +/-(‘000) A M Realty 0.92 unch 256 VOL Advance Synerg 0.15 unch 56 Adventa Bhd 0.92 Ae Multi Hldgs 0.21 0.01 169 Affin Holdings 4.16 0.01 101 Ahmad Zaki Res 0.30 Airasia Bhd 2.20 unch ***** Alliance Finan 4.78 unch 386 Aluminium Co 0.15
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    • 427 11 Reuters [JAKARTA] Indonesia’s production of metal ores is expected to fall “drastically” because of a ban on unprocessed mineral exports set to begin in January, a government official said, as there is insufficient smelting capacity to absorb the volumes of base metal ores
      Reuters  -  427 words
    • 304 11 [KUALA LUMPUR] Felda Global Ventures Holdings Bhd (FGV), keen to become one of the world’s major agriculture companies, will continue to acquire more assets next year and raise its productivity to boost profits. Group president and CEO Mohd Emir Mavani Abdullah said the
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  • Page 11 Advertisements
    • 5 11 NOW! *****620 or Email: sales@exhibitsinc.com.sg
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    • 126 11 Myanmar O Civil Aviation Development Conference 2014 24 26 March 20 1 4 I Yangon, Myanmar f N Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. To register, visit www.mcadc.sphereconferences.com or contact Jiahui at jiahui@sphereconferences.com or +65 6848
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  • GREATER CHINA/INDIA
    • 758 12 Authorities to carry out thorough investigations, plan heavy punishment Bloomberg [BEIJING] The Hengyang electoral fraud which forced more than 500 local lawmakers to resign showed “rampant violations” of rules and law, the People’s Daily said in a commentary yesterday following a Xinhua report
      Bloomberg  -  758 words
    • 772 12 Govt warns 1 in 3 persons will be 65 or older by 2041 AFP [HONG KONG] Schools replaced by care homes and a once-vibrant economy dulled by one of Asia’s oldest populations: Experts fear this is the Hong Kong of the not-too-distant future. One in
      AFP; PHOTO: BLOOMBERG  -  772 words
    • 897 12 Reuters [GURGAON, India] Three months since journeying more than 1,130 kms from his village in central India to take a job in this bustling city near the capital, New Delhi, Charan is already looking forward to a 10 per cent pay
      Reuters; PHOTO: REUTERS  -  897 words
  • Page 12 Advertisements
    • 202 12 Most investors are not aware that investing in REITs actually brings higher dividend yields as compared to investing in stocks. If we manage to purchase the REITs at undervalued prices, our investment gains will be much more as we are able to profit from the appreciating REITs prices as well.
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    • 27 12 GET YOUR COPY NOW! IN THIS ISSUE •GROW VEGGIES IN A HDB FLAT •BRING THE CAFÉ-LOOK HOME •READ YOUR 2014 ZODIAC FORECAST FOR MORE DETAILS homeanddecor.com.sg /homeanddecor.singapore
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  • GREATER CHINA
    • 1349 13 It is already China’s second-largest smartphone brand, after Samsung NYT [NEW YORK] In the United States, Lenovo is still best known as the Chinese company that bought IBM’s personal computer business in 2005. In China, it is better known as the world’s new
      NYT; PHOTO: REUTERS  -  1,349 words
    • 660 13 Speculative culture rife amid dominance of retail investors Reuters [SHANGHAI] China has adopted a slew of policies aimed at boosting its long-suffering blue-chip stocks, mired at depressed valuations, but analysts say it will take years to change an investment culture focused on speculation
      Reuters  -  660 words
  • Page 13 Advertisements
    • 2133 13 B8AR9 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MCDF MANAGEMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****8093R) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of MCDF Management Pte. Ltd. duly convened and held on the 20th day of
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  • WORLD
    • 629 14 It plans to focus its resources on specific countries Reu ters [TOKYO] Cash-rich Japanese bank Sumitomo Mitsui Financial Group Inc (SMFG) is poised to swoop on businesses for sale in places like Asia as global rivals sell assets to boost their balance sheets,
      Reuters; PHOTO: BLOOMBERG  -  629 words
    • 993 14 First hike in 6 years; each industry will be left to decide on rate of increase Reuters Bloomberg [TOKYO] Japan’s most influential business lobby has agreed to raise workers’ base pay for the first time in six years as the economy gains
      Reuters; Bloomberg  -  993 words
    • 1039 14 It faces inflation, environmental woes, govt deficits Reuters [VIENTIANE] For the Communists running Laos, the fruits of capitalism have never been so bountiful. The Nam Phou fountain at the heart of the torpid capital, Vientiane, has transformed from a relic into a neon-lit phantasmagoria,
      Reuters; PHOTO: REUTERS  -  1,039 words
    • 482 15 Abidjan streets have more luxury makes than European cities AFP [ABIDJAN] Porsches, Range Rovers and even Maseratis luxury cars are no strange sight weaving through the old bangers that rumble along Abidjan’s chaotic streets, another indication of the emergence of
      AFP; PHOTO: AFP  -  482 words
    • 244 15 AFP [PARIS] France’s top court yesterday approved a proposal for companies to pay 75 per cent tax on annual salaries exceeding one million euros in line with President Francois Hollande’s drive to limit executive pay at a time of
      AFP  -  244 words
    • 601 15 Some hiccups likely as thousands begin to use the new medical cover Reuters [WASHINGTON] New Year’s Day will bring a fresh test for President Barack Obama’s healthcare overhaul, as hundreds of thousands of Americans will begin to use the
      Reuters  -  601 words
    • 964 16 A new pact puts banks’ finances under stricter control to cut debts AFP [PARIS] The eurozone is finally set to return to growth in 2014 but the single currency bloc may not have put its crisis behind it as efforts to shore up
      AFP; PHOTO: AFP  -  964 words
    • 638 16 Larger economies like Poland and the Czech Republic are in no hurry to join AFP [WARSAW] After Latvia, Lithuania is aiming to join the eurozone in 2015, completing a Baltic embrace of Europe’s troubled single currency, but other nations in the region are
      AFP  -  638 words
    • 693 16 AFP [ATHENS] Crisis-hit Greece in January takes over the six-month rotating EU presidency with a crucial European Parliament ballot looming, and the bloc divided over delicate efforts to create a banking union. Added to Greece’s own considerable economic and political troubles, these issues
      AFP  -  693 words
    • 920 17 They seek to exert more control in the pricing of their raw materials Re uters [LONDON] As US and European banks drop out of commodity trading, Russian, Chinese and Gulf state firms are filling the gap in an attempt
      Reuters  -  920 words
    • 837 17 But with higher ticket prices, attendance in theatres remains flat AP [LOS ANGELES] Despite a string of summertime flops, Hollywood is expected to have a banner year at the domestic box office, coming in just shy of US$11 billion, the largest annual take ever.
      AP  -  837 words
    • 649 17 Bloomberg [SOUTHFIELD, Michigan] Hyundai Motor Co, South Korea’s largest automaker, named a new chief executive officer for its US unit as it seeks to boost sales after combined deliveries with its affiliate trailed the US market’s sales pace the
      Bloomberg  -  649 words
    • 706 17 Ministers quit but 3-term premier still enjoys voter support Reuters [ISTANBUL] Turkish Prime Minister Tayyip Erdogan still enjoys the fierce loyalty of pious voters and wealthy elites, which should be enough to keep him in power in the face of
      Reuters; PHOTO: REUTERS  -  706 words
    • 808 18 They say US regulators now take 6-9 months to approve transactions Reuters [NEW YORK] At an industry conference in October, top financial services lawyer Rodgin Cohen complained that US regulators were now taking six to nine months to approve bank deals a painfully
      Reuters  -  808 words
    • 818 18 AP [SAO PAULO] Hotel rooms are expected to cost almost 50 per cent more in Rio de Janeiro during the upcoming World Cup soccer tournament than when the city will host the 2016 Olympics, in part because organiser Fifa’s official accommodations agency hasn’t
      AP; PHOTO: AP  -  818 words
    • 567 18 It plans to make large share parcels available Reuters [COLOMBO] Sri Lanka’s Securities and Exchange Commission is talking to government funds about making large share parcels available to foreign investors to boost interest in the stock market, the SEC
      Reuters  -  567 words
    • 283 18 Reu ters [NEW YORK] Hoping to forget the heartbreaks and hard memories of 2013, people lined up in New York’s Times Square to discard physical reminders of unpleasant experiences with the help of industrial shredding machines. The annual Good Riddance Day event,
      Reuters  -  283 words
    • 1178 19 Horta-Osório helps bank recover as he himself recovers from insomnia NYT [LONDON] António HortaOsório was eight months into his new job as chief executive of the Lloyds Banking Group in 2011, wrestling with a plan to refocus the British lender, when he
      NYT; PHOTO: BLOOMBERG  -  1,178 words
    • 827 19 NYT [PAVIA, Italy] Renowned for its universities and a celebrated Renaissance monastery, this Lombardy town about 40 kilometres south of Milan has in recent years earned another, more dubious, distinction: the gambling capital of Italy. Slot machines and video lottery terminals, known as
      NYT  -  827 words
    • 819 19 WP [PARIS] Rapper Kanye West, who gave his fiancé reality TV star Kim Kardashian a diamond ring worth millions to celebrate their engagement, told a US radio show recently that Louis Vuitton’s prices are “just too extreme”. The criticism by
      WP; PHOTO: REUTERS  -  819 words
    • 635 19 Main shareholder demands time to repair its finances Bloomberg [MILAN] Banca Monte dei P asc hi di Si ena th e bailed-out Italian bank, will delay a three billion euro (S$5.2 billion) stock sale until at least May from the
      Bloomberg  -  635 words
  • Page 14 Advertisements
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  • Page 15 Advertisements
    • 169 15 I heard that prices for International Plaza has soften recently. ira niimmniiiimiiinmii mimimnwimiMMligi Wow, with Singapore Property Watch, I am now able to compare recently transacted prices of offices nearby! miifi?* ir:''" ininiH ilfiflisl ,0-al* i-.'-" .-in I managed to find out the recent profitable transactions with Singapore Property Watch.
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  • Page 16 Advertisements
    • 77 16 The SME Magazine coming to you with your copy of The Business Times on Jan 2, 2014 Space has been a big issue for small and medium sized enterprises (SMEs), be it retail, industrial or office space, as escalating rents and transaction prices raise costs. What then are the rent
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  • AVIATION/SHIPPING
    • 642 20 The port’s total cargo turnover this year forecast to break 100m tonnes for the first time Xinhua [SHENYANG] The national drive to develop sea transportation has made China’s north-ern-most sea port of Dandong a new hub in the booming north-eastern region. The port, located
      Xinhua  -  642 words
    • 450 20 Reuters [OLYMPIA, Washington] The voter-approved law establishing a US$15 minimum hourly wage for travel and hospitality workers in a Seattle suburb encompassing the region’s main international airport does not apply to workers at the airport, a judge ruled. King County Superior Court
      Reuters  -  450 words
    • 375 20 Reuters [PERTH] Ports in Australia’s Pilbara region, through which almost half of the world’s seaborne iron ore is shipped, were sending ships out to sea on Saturday ahead of a tropical cyclone that is forecast to reach the coast by tomorrow. The last of more
      Reuters; PHOTO: REUTERS  -  375 words
    • 665 20 They are opening more airport, cruise ship outlets Reuters [PARIS] Luxury brands are stepping up the battle for travelling shoppers with more outlets at airports and on cruise ships, tapping into one of the fastest growing sections of the market that looks
      Reuters  -  665 words
    • 244 20 SGX '000 Dec 27 S$ +/-Vol Ch Offshore 0.43 0.01 8 Chuan Hup Hldg 0.26 unch 44 Cosco Corp 0.76 0.02 3385 Cwt Limited...............1.33 0.01 118 First Ship Lea unch unch 0 Grand Banks 0.22 unch 45 Jaya Hold Ltd K1Ventures Chuan Hup Hldg Keppel Corp 11.18 0.11
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  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • 323 20 CRYPTIC CROSSWORD Across 1 She steps into line to appear on stage (6,4) 9 Impudent type (4) 10 A novice needs caring support (10) 11 Soundly examine a bill of exchange (6) 12 A gentle eccentric so refined (7) 15 He has time to finish (7) 16 Her calling is
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  • DINING OUT
    • 1001 21  -  The leading light of Singapore’s niche avant garde movement has a new platform to really dazzle his diners, writes JAIME EE JAIME EE NEW LOCATION Tippling Club 38 Tanjong Pagar Road Tel: 6475-2217 Open for lunch (starting later this week) Mon to Fri: 12pm to 3pm.
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  • Page 21 Advertisements
    • 45 21 From now till end of January 2014 appetisers, hand-made pastas and desserts including and more. For reservations, please call +65 6431 6156, email dining.singapore@fairmont.com or book online Level 1, 80 Bras Basah Road, Singapore *****0 Tel: +65 6339 7777 Fax: +65 6337 1554 singapore@fairmont.com fairmont.com/singapore
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  • SINGAPORE STOCKS
    • 3402 22 Week ended: Dec 27 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld Net 188 106 AIMSAMPIReit 144 +3 1832 144.5 141.5 143.5 144 7.4 13.4 760.1
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    • 323 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.1 t Advanced System 1.2 unch 4200 1.2 1.2 1.2 1.3 19.1 Last Quote Div Gr Yld Net M Cap High
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    • 115 23 Stock name Close Change CapMallsAsia 1.945 -0.020 CapitaLand 3.030 +0.010 CapitaMall 1.910 +0.005 CityDev 9.600 ComfortDelGro 1.995 -0.005 DBS Grp 17.03 +0.120 GLP 2.870 Genting SP 1.470 -0.005 Golden Agri 0.540 +0.005 HK Land 5.800 +0.020 Stock name Close Change HPH Trust US$ 0.665 +0.010 JMH
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    • 2002 23 Transaction date: Dec 27 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores 10.00 unch 356 Angang Steel 5.83 0.26 ***** Anhui Conch Anhuiexpresswa 4.22 -0.02 175 Asia Satellite 29.00 0.15 715 Asm Pacific unch 356 Avic Int'L 5.83 Baiyunshan Ph ***** Bank Of China 3.58 unch
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    • 276 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 31.9 AVJennings A56 +1 5 56 56 56 59.5 3.6 6.3 4.5 207.3 52 33.5 Genting HK US$ US43 +2.5 ***** 44 40.5 43 43.5 2831.3
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 1 2 0 0 0 12 1 2 Manufacturing 80 53 32 13 11 8 93 64 40 Commerce 39 17 15 8 2 5 47 19 20 Tpt/Stor/Comms 30 6 7
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    • 1005 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 123 107.1 ABF SG Bond ETF Last 143 125 CIMB APAC Div 100S$D 125 126.5 127.4 114.4 99.2 CIMB APAC Div 100US$ US99.7 100 100.5 10.5
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 60,481 60,481 126,455 126,455 Manufacturing 1,336,266 669,625 2,005,891 317,760 22,775 340,535 Commerce 724,060 2,069,316 2,793,376 159,472 235,231 394,703 Tpt/Stor/Comms 262,489 16,638 279,127 298,116 1,980 300,096 Finance 251,044 389 251,433 332,073 128 332,201 Construction 261,334 2,159,235
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    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 728 24 Dec 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.43 *****.69 *****.73 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****6 Jun14 *****.00 *****.00 *****.00 *****.00 0 1763 MSCI TAIWAN INDEX FUTURES SPOT 298.07 300.11 297.96 Dec13 298.20 300.60 297.70 300.30 ***** ***** Jan14 298.20
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    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 27 Index Change Change Change Change Change Change World Preliminary 1180.8 0.4 25.9 0.3 28.1 0.5 23.6 EAFE Preliminary 954.0 0.9 23.2 1.0 23.3 1.2 19.0 Europe Preliminary 1355.1 1.1 18.1
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    • 471 24 Dec 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.947 5.414 0.648 6.917 55.219 109.515 0.934 9.401 2.934 1.090 94.097 39.589 1.130 9.230 0.795 26.774 29.284 0.541 0.892 Canada 1.056 5.715
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    • 40 24 Dec 27 (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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    • 86 24 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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    • 135 24 Dec 27 GOLD(US$/oz) Dec 27 Dec 26 Hong Kong 1221.00 1208.00 Dec 27 Dec 26 London 1215.83 1212.52 1216.46 1213.40 Source: Thomson Reuters CAST BAR Dec 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 111 49 5gm 316 247 10gm 564 494
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    • 59 24 Dec 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2600.0 2612.0 2628.0 2600.0 50 2265 Feb 14 2619.0 2626.0 2640.0 2618.0 2143 ***** Mar 14 2626.0 2634.0 2653.0 2626.0 ***** ***** Apr 14 2639.0 2640.0
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    • 155 24 Dec 27 Against S$ 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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    • 109 24 Dec 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1331.50 1318.75 1332.50 1318.75 Mar 14 1313.75 1305.25 1314.50 1304.00 May 14 1298.75 1290.50 1299.75 1290.25 Jul 14 1286.25 1278.75 1287.50 1278.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
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    • 94 24 Dec 27 COCOA (£/tonne) Close Prev High Low Mar 14 1760 1809 1794 1758 May 14 1755 1798 1789 1753 Jul 14 1749 1786 1773 1746 Sep 14 1743 1777 1773 1742 COFFEE(US$/tonne) Close Prev High Low Jan 14 1710 1694 1719 1690 Mar 14 1714 1691 1724 1691
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    • 1235 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Asia-Pacific Strategic W*****6 0.4 1 123 305 76.25 5 Exer Albedo Limited W*****9 Prem Ascendas Reit MB ECW*****3 2.9 0.2 240 3 Asiatic Grp(Hldgs) Ltd W*****5 2.8
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    • 67 24 CRUDE OIL PRODUCTS Dec 26 CRUDE (FOB origin) US$/barrel 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
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    • 22 24 Dec 27 S$ Bid Offer 1-month 1.2670 1.2676 2-months 1.2669 1.2675 3-months 1.2669 1.2675 6-months 1.2665 1.2672 Source: OCBC
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    • 65 24 Dec-27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1764.00 1714.50 3 months 1810.00 1758.00 Copper, Grade A(US$/tonne) Cash 7395.75 7296.00 3 months 7382.00 7283.00 Lead(US$/tonne) Cash 2264.50 2227.00 3 months 2287.00 2245.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 121 24 As at 9am 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
      121 words
    • 161 24 Dec 27 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ 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
      161 words

  • 2313 25 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 25 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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    • 18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 26 Advertisements
    • 144 26 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE. CALL JOE WONG AT 9620 1327 Wins Certifications Come publicise
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    • 18 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 27 Advertisements
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 594 28  -  The technology can help companies make better decisions. ADELINE TAN reports ADELINE TAN GLOBAL research consultancy Millward Brown, which piloted such facial coding technology as part of its advertisement testing solution in 2012, has already applied it to more than 1,200 advertisements
      594 words
    • 926 28 New approach is based on the nervous system NYT [PALO ALTO, California] Computers have entered the age when they are able to learn from their own mistakes, a development that is about to turn the digital world on its head. The first commercial version
      NYT; PHOTO: YEN MENG JIIN  -  926 words
    • 657 28 Reuters [MOSHAV YARKONA, Israel] Israeli high-tech pioneer Dov Moran whose company M-Systems invented the USB stick and expanded the use of flash memory that today drives most electronic devices is turning his sights to television and medical equipment. “We are
      Reuters  -  657 words
    • 712 28 Intelligence agencies sceptical Moscow will use stations to spy on US NYT [WASHINGTON] Tucked into the mammoth defence budget bill that President Barack Obama signed into law last week is a measure that virtually bars Russia from building about a
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    • 1140 27  -  Tesla electric car, Rosie the Robot, US$37.99 Datawind tablet, devices and apps to monitor health all point to a promising future By VIVEK WADHWA WP WASHINGTON IF you go by the headlines, the iPhone 5S and Google Glass were the big technology stories of 2013,
      WP; PHOTO: REUTERS  -  1,140 words
    • 786 27 NYT [NEW YORK] They aren’t taking any chances at Barclays. Stating an account number and other bona fides isn’t enough to get to your money at the British bank’s wealth and investment management service. As an additional safeguard, a program analyses customers’
      NYT  -  786 words