The Business Times, 7 January 2014

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Microfilm: NL32956
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Tuesday, January 7, 2014
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  • Article
    Lock icon Dec PMI hints at soft Q1 for S’pore manufacturers
    679 1  -  By tshining@sph.com.sg TEH SHI NING tshining@sph.com.sg [SINGAPORE] Singapore’s manufacturing sector shrank in December, as a key barometer of industrial activity pointed to contraction for the first time in 10 months. December’s purchasing managers’ index (PMI), the first industrial indicator released this
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  • Article
    Lock icon OCBC in exclusive talks to acquire HK bank
    1170 1  -  Should it go through, the deal will help S’pore lender build up offshore yuan business By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] OCBC Bank has entered into exclusive talks to take over Hong Kong’s Wing Hang Bank, in a deal estimated to be worth
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,123.82 (-7.65) HST INDEX FUTURES 3,123.00 (-8.00) HSIMSCI 358.71 (-0.75) HSIMSCI FUTURES 358.70 (-0.30) US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.635 2.075 EURO (US$/S$/€ 1.358 1.723 Foreign currency per US$ S$ YEN 104.40 82.30 RM 3.282 2.586 HK$ 7.755 6.112 BAHT 33.10 26.09 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,829.18 -5.56 NIKKEI 225 15,908.88 -382.43 HANG SENG 22,684.15 -133.13 SET INDEX 1,230.84 +6.22 JAKARTA COMP 4,202.81 -54.85 MANILA COMP 5,985.81 +37.88 SEOUL COMP 1,953.28 +7.14 SHENZHEN B 845.18 -14.74 MUMBAI IND 20,787.30 -64.03 11am EST Change DOW 16,442.63 -27.36 NASDAQ 4,112.45 -19.46
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 INDONESIA 14.710 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      465 2 OCBC in exclusive talks to take over HK bank OCBC Bank has entered into exclusive talks to take over Hong Kong’s Wing Hang Bank, in a deal estimated to be worth around $5.8 billion. FRONT PAGE S’pore PMI shrinks for first time in 10 months SINGAPORE’S manufacturing shrank
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    • Article
      Lock icon China’s Dec service sector PMI drops sharply
      604 2  -  Mainland and regional stock markets respond negatively to news By VIRGINIE MANGIN in Beijing GROWTH in China’s service sector dropped sharply, a private survey showed yesterday, further weighing on stocks in the mainland and across the region as mounting evidence point to a
      604 words
    • Article, Illustration
      Lock icon Lamborghini Huracan secures nearly 40 orders
      445 2  -  By SAMUEL EE samuelee@sph.sg [SINGAPORE] Almost 40 bookings for the new Lamborghini Huracan are understood to have been collected by Lamborghini Singapore, even before the replacement of the Gallardo super sports car is delivered in the final quarter of 2014. The Huracan is likely
      445 words
    • Article
      Lock icon Reporting change reveals cultural gap
      651 2 UK investors seek less shorttermism, while US investors fear less transparency Reuters [LONDON] As investors prepare to digest the latest round of company earnings figures, Britain’s move to scrap the quarterly reporting requirement has revealed a divergence of opinion between the domestic and US investment
      Reuters  -  651 words
    • Article, Illustration
      Lock icon Hillford’s 60-year lease may pose financing hurdle
      773 4  -  But project may be seen as affordable way to buy into Bukit Timah address MINDY TAN By tanmindy@sph.com.sg [SINGAPORE] While The Hillford could offer potential buyers a chance to buy into the highly desired Bukit Timah address cheaply, demand could be limited by
      PHOTO: THE NEW PAPER  -  773 words
    • Article
      Lock icon Shop unit price hikes to let up: analysts
      1157 4  -  But number of sales may keep up with 2013 level By feldac@sph.com.sg FELDA CHAY feldac@sph.com.sg [SINGAPORE] Price growth for strata-titled retail property will likely moderate this year after spiralling over the last two years to set new records as the introduction of
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    • Article
      Lock icon 2-year trial to improve bus service reliability
      378 4  -  By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The Land Transport Authority will conduct a two-year trial to improve the en route reliability of bus services to address concerns about long and irregular waiting times. Under the Bus Service Reliability Framework (BSRF), bus operators will be
      378 words
    • Article, Illustration
      Lock icon Bitcoin tops US$1,000 after Zynga brings it into play
      615 4 Bloomberg [PORTLAND] The price of Bitcoin surpassed US$1,000 again after Zynga said it would start accepting the virtual currency for some of its online social games, citing wider use of the digital money. Bitcoins, which exist as software and aren’t controlled
      Bloomberg  -  615 words
    • Article
      Lock icon US cold snap unsettles commodities, spot power markets
      852 4 Bloomberg [BOSTON] The coldest air in almost 20 years is sweeping over the central US towards the East Coast, igniting energy demand and damaging Great Plains winter wheat. Winter storms and frigid air add volatility to commodities trading and spot power markets.
      Bloomberg  -  852 words
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      Lock icon Page 2 Advertisements Column 1
      689 2 Persistent DRY, ITCHING Skin What is Eczema What is SEC® Bubble Eczema derived from the Greek word, ekzema/ekzein, means to break out, boil over. The term "eczema" is used interchangeably with "dermatitis" and refers to inflammation of the skin. What causes Eczema No one knows exactly what causes eczema. However,
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      438 3 Traffic Advisory For Motorists using The Marina Coastal Expressway (MCE) LTA has been monitoring traffic conditions since the opening of the MCE and making adjustments to improve traffic circulation in the road network adjoining MCE. More signs have been placed at key approaches to guide motorists. Motorists may also find
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Better for Tiger Airways to bow out of Philippines?
      943 5  -  HOCK LOCK SIEW By NISHA RAMCHANDANI BUDGET carrier Tiger Airways has finally come out to announce what many in the market had long suspected it would: that it was considering cutting its losses in the Philippines. Last week, the budget carrier
      ST FILE PHOTO  -  943 words
    • Article, Illustration
      Lock icon Second Chance posts 15% rise in Q1 earnings
      297 5  -  Securities business helps offset drop in gold and apparel By LEE U-WEN leeuwen@sph.com.sg PROPERTY and retail group Second Chance Properties (SCP) posted a 15 per cent year-on-year increase in net profit to $3.85 million for the first quarter ended Nov 30, 2013.
      297 words
    • Article, Illustration
      Lock icon SGX to post soft securities numbers for Q2: OCBC
      544 7  -  Investors likely to continue to focus on developed markets, says bank’s analyst By KENNETH LIM kenlim@sph.com.sg THE market’s focus on small stocks during the fourth quarter of 2013 dragged trading values lower on Singapore Exchange (SGX) despite a surge in volumes,
      ST FILE PHOTO  -  544 words
    • Article, Illustration
      Lock icon Midas JV clinches train contracts worth 1.11b yuan
      414 7  -  By CAI HAOXIANG haoxiang@sph.com.sg A JOINT-VENTURE company of Midas Holdings has won two metro train contracts worth 1.11 billion yuan (S$230 million). The contracts, for the delivery of trains in the next two years, were awarded to Midas’ 32.5 per cent-owned Nanjing
      BT FILE PHOTO  -  414 words
    • Article
      Lock icon Blumont to seek nod for new share issue mandate
      360 7  -  By ANDREA SOH sandrea@sph.com.sg BLUMONT Group intends to seek a new share issue mandate from its shareholders. The group said yesterday that this would enable it to tap equity markets this year to repay loans under a recently secured US$30 million
      360 words
    • Article
      Lock icon ST Marine wins $446m new orders in 4Q13
      345 7  -  This is in addition to US$350m deal won by ST Engg’s US yard By LISA LEE lisalcc@sph.com.sg SINGAPORE Technologies Engineering’s wholly owned marine subsidiary, ST Marine, has secured $446 million in new orders in the fourth quarter of last year (4Q13). “These
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    • Article
      Lock icon Int’l Healthway secures RM190m facility
      183 7  -  By LEE U-WEN leeuwen@sph.com.sg CATALIST-listed International Healthway Corporation (IHC) has secured a RM190 million (S$73.3 million) financing facility with Malaysia’s Public Bank. The facility a mix of term loans and bridging loans will solely finance the healthcare services provider’s new integrated mixed-use development in Kuala
      183 words
    • Article, Illustration
      Lock icon SQ317 makes forced landing in Azerbaijan
      379 8  -  London-S’pore flight diverted because of technical problem; all aboard safe By NISHA RAMCHANDANI nishar@sph.com.sg A SINGAPORE Airlines (SIA) flight bound for Singapore from London was forced to divert to Baku in Azerbaijan early yesterday when the cabin lost pressure. None of the 467 passengers
      PHOTO: AFP  -  379 words
    • Article, Illustration
      Lock icon CNA clinches two Changi Airport contracts worth over $9m
      270 8  -  By LEE U-WEN leeuwen@sph.com.sg MAINBOARD-listed CNA Group has won two contracts for Changi Airport worth more than $9 million, the systems integrator said yesterday. The first is a deal to install a new building management system (BMS) in Terminal 2 and
      ST FILE PHOTO  -  270 words
    • Article
      Lock icon Eng Kong boosts stake in China firm
      457 8  -  Integrated logistics operator also names new chief exec By MALMINDERJIT SINGH msingh@sph.com.sg SINGAPORE-BASED integrated logistics operator Eng Kong Holdings yesterday increased its stake in a logistics group in China and also announced a new CEO, as it seeks to expand in the region.
      457 words
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      187 5 Best fa res to chill out with a cool holiday ECONOMY CLASS ALL-IN FARES from *378 Chiang Mai Chiang Rai *428 Hanoi Ho Chi Minh City Luang Prabang Mandalay Phnom Penh Vientianne *268 Bangkok BUSINESS CLASS ALL-IN FARES from *758 Bangkok ■vV'jjf V i i\ s K s A STAR
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stocks continue to lead
      600 6  -  ST Index falls 7.7 points on lack of interest in blue chips; market’s unit average stays low at 22 cents STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent IT HAS not been a particularly noteworthy start to 2014 for the local stock market. After a 43-point loss
      Source: Bloomberg  -  600 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jan 6 VALUE CLOSE BT OB/OS 466.00 -54.00 BT CADI -*****.00 -41.00 BT 10-day MA -*****.00 +46.00 FTSE ST Mid Cap 715.46 -1.62 FTSE ST Small Cap 545.29 +1.03 FTSE ST All Share 759.60 -1.59 FTSE ST China Top 198.60 +0.66 FTSE ST China 224.91 +0.88 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Memstar 442,775,000 SingHaiyi 425,660,000 HanKore 299,483,000 Acma Ltd 208,379,000 CCM Group W*****0 173,193,000 Sunmoon 103,800,000 GSH Corp 100,941,000 China Bearing 94,702,000 KLW Hldgs 88,395,000 Oceanus 86,564,000 VALUE($) SingTel 73,866,515 Memstar 48,051,906 OCBC Bk 46,445,350 HanKore 36,250,783 DBS Grp 21,204,800 Genting SP 15,751,060 Keppel Land 15,449,750 Keppel
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 1 0 0 0 6 7 1 Manufacturing 48 52 36 5 7 9 53 59 45 Commerce 17 25 19 1 7 6 18 32 25 Tpt/Stor/Comms 7 16 14
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 218,073 218,073 38,943 38,943 Manufacturing 857,515 177,308 1,034,823 140,987 14,422 155,409 Commerce 446,955 212,505 659,460 45,186 21,459 66,645 Tpt/Stor/Comms 83,049 3,355 86,404 125,188 394 125,583 Finance 42,794 54 42,848 90,228 17 90,245 Construction 48,086 99,121
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 6 Stock name Close Change CapMallsAsia 1.930 +0.015 CapitaLand 2.960 -0.020 CapitaMall 1.885 +0.010 CityDev 9.340 -0.010 ComfortDelGro 1.965 -0.045 DBS Grp 17.020 +0.040 GLP 2.890 +0.030 Genting SP 1.485 +0.010 Golden Agri 0.555 +0.010 HK Land 5.910 +0.010 HPH Trust US$ 0.665 -0.010 JMH 52.340 -0.790
      115 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Ezion Holdings
        331 6 Jan 6 close: S$2.28 Phillip Securities Research, Jan 6 EZION announced that it will: Nacquire the entire share capital of Teras Conquest 4, to be satisfied by the issuance of 18.4 million new Ezion shares at S$2.2407 a share (~1.5 per cent dilution amounting to S$41.2 million), and
        Source: Bloomberg  -  331 words
      • Article, Illustration
        Lock icon Mencast Holdings
        447 6  -  Compiled by TEH SHI NING Jan 6 close: S$0.535 DMG Partners Research, Jan 6 MENCAST is a maintenance-re-pair-overhaul (MRO) service provider to multiple points along the value chain of the oil gas industry. Having delivered an earnings CAGR of 21 per cent over the last five years, the
        Source: Bloomberg  -  447 words
    • Article, Illustration
      Lock icon Yen up after China services index falls
      489 6 CURRENCIES Bloomberg [LONDON] The yen strengthened towards a two-week high against the US dollar yesterday as a slowdown in Chinese services and a slide in Asian stocks boosted demand for safer assets. Japan’s currency advanced against all except one of its 16 major
      Bloomberg; PHOTO: REUTERS  -  489 words
    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP DBXT AUDCS 5AU$ ***** 377.4 1.6 GLD 10US$ ***** 78.7 0.5 Hyflux 6% CPS 10 ***** 50.0 0.5 DBXT FTVietnam 10US$ 2439 29.2 1.0 Lyxor Europe 10 US$ 1520 16.5 0.9 DBS Bk 4.7% NCPS 100 ***** 15.0 0.1 Haw Par Corp 826 12.0 1.5
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    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -716.9 -5.2 DBXT Nifty 10US$ ***** -321.0 -2.4 IS S&P500 ***** -149.7 -0.6 JMH 5234 -100.2 -1.5 DBXT FTChina25 10US$ 2844 -96.4 -2.6 CIMBAsean40 100US$ 976 -40.6 -3.2 OCBC Bk.ES.1401 986 -36.0 -3.5 DBXT MSINDO 10us$ 1122 -31.7 -2.2 DBXT MSTaiwan
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      6 7 1 r r u r www.omy.sg
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      Lock icon Page 7 Advertisements Column 2
      154 7 ■^1 Mflf pecialistfor Company Trips rust Our Knowledge For IMI Your Travel Needs A U) budget tour Planners Beyond Expectations IMWIIIWiHM Company Incentive Trips Church Retreat Packages Free Easy Air Packages Customised Pilgrimage Tours Malaysia Coach Tours Local Sightseeing Tours Coach Hire (Singapore Malaysia) Cruises Budget Tour Planners Pte Ltd
      154 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      212 8 Often, we overlook the pitfalls of investing and we lose our investment capital. At times, we wonder how we can stretch our dollars and invest to grow our nest eggs. This book analyses the different financial instruments available, such as savings, insurance, stocks and property investments to give us a
      212 words
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      Lock icon Page 8 Advertisements Column 2
      51 8 TUV' MWs ACADEMY 2014 Participate in the NO. 1 CHILDREN'S EDUCATION SHOW! Suntec Singapore 6-8 June 2014 111 am 9pm BOOK NOW! Limited Booths available! fa > For more information, please contact Ms Adeline Goh 9681 8289 gohtna@sph.com.sg Mr Jeffrey Foe 9008 9391 jefffoo@sph.com.sg www.thekidzacademy.com.sg Organised by: sphere A SUBSIDIARY
      51 words
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      Lock icon Page 8 Advertisements Column 3
      59 8 Looking to showcase and sell your Food Products, Cooking Solutions, Kitchen Appliances Accessories? NOW! *****620 or Email: sales@exhibitsinc.com.sg Organised By: Our Food Shows: (Organiser of IT Show, Food Beverage Fair, COMEX, World Food Fair, Consumer Electronics Exhibition and Food Kitchen Show) BLOCK 8, LORONG BAKAR BATU #07-07, S (*****3) TEL:
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      48 8 Exhibit and sell your products and services to thousands of women with buying power. Ladies’ Expo is set to deliver the mid-to high-end platform for a showcase of the most posh and chic in beauty, fashion, nutrition, health, wellness, sports, fitness, shopping and more! *****620 or Email: sales@exhibitsinc.com.sg
      48 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Start-up’s plastic film set to revolutionise food packaging
      393 9  -  New material can help manufacturers save up to 50% in packaging costs By JACQUELYN CHEOK jaccheok@sph.com.sg A NEW 700-manometer plastic film about 130 times thinner than a strand of human hair invented by Singapore-based start-up Tera-Barrier Films (TBF) might just be about
      393 words
    • Article, Illustration
      Lock icon Kim Chuan Drive industrial plot up for sale
      490 9  -  The 34,729-sq-ft site can be redeveloped for strata sales at $1,000 psf or higher By ONG CHOR HAO ongch@sph.com.sg A FREEHOLD industrial site at Kim Chuan Drive has been put up for sale by tender at an indicative price of between $44
      490 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Changes at SPH’s radio and property units
        116 9 SINGAPORE Press Holdings (SPH) has announced changes to the management teams of its radio and property units. SPH Radio general manager Goh Wee Wang will be the general manager of SPH Retail Property Management Services from March 1, when the current general manager,
        116 words
      • Article
        Lock icon S’pore achieves 96.8% pass rate in IB exam
        73 9 SINGAPORE had one of the highest pass rates among students from Asia-Pacific countries who sat for the recent International Baccalaureate (IB) examination. Some 96.8 per cent of the Republic’s 975 students the second-largest cohort in the region after Australia passed the November
        73 words
    • Article
      Lock icon S’pore VC firm invests in Viet wastewater-treatment plant
      238 9 LOCAL venture-capital firm New Asia Investments (NAI) has invested in a new wastewater-treatment plant in Vietnam. The plant was completed by GD Wasser, a company based in Singapore and Ho Chi Minh City that provides clean water through decentralised water-treatment plants. This
      238 words
    • Article
      Lock icon Pinsent Masons beefs up Asia corporate practice
      495 9  -  Eight lawyers from KhattarWong join firm By gleong@sph.com.sg GRACE LEONG gleong@sph.com.sg EIGHT corporate lawyers from KhattarWong LLP including its former head of corporate securities, Perry Yuen are leaving to join Pinsent Masons MPillay LLP, the Singapore joint venture law partner of Pinsent Masons,
      495 words
    • Article, Illustration
      Lock icon SG Gives raises more than $11m for charity in 2013
      448 9  -  By VIVIEN SHIAO vshiao@sph.com.sg MORE Singaporeans gave to charity last year. The Republic’s largest donation portal, SG Gives, saw more than $11 million raised for charity last year, compared with over $8 million in 2012. December raked in the highest
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  • SME Inc
    • Article, Illustration
      Lock icon Mixing what works with what’s new
      1100 10  -  Atlas’s e-store is part of its multi-channel retail strategy a combination of brick-and-mortar and the virtual world, writes JASLENE PANG JASLENE PANG THE e-store may seem like an easy way to deal with the challenges of rising costs of manpower, rental and most recently,
      PHOTO: ATLAS  -  1,100 words
    • Article, Illustration
      Lock icon International marketing in the post-globalisation era
      1073 10  -  Global brands will not necessarily do well unless marketing strategies are extensively customised to local conditions THE VIEW FROM NTU PROFESSORS By LEWIS LIM WEE CHOW HOU DrLim is an associate professor of marketing practice at Nanyang Business School (NBS) and deputy director of
      PHOTO: AFP  -  1,073 words
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      Lock icon Page 10 Advertisements Column 1
      65 10 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME Inc pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
      65 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon As Indonesian economy cools, looser policy expected
      592 11 Economy seen to have expanded 5.7% in 2013, versus 2012’s 6.23% ing in large cap shares. Reuters, Bloomberg [JAKARTA] South-east Asia’s largest economy may have cooled to its weakest in four years as activity dropped sharply late last year, suggesting that Bank Indonesia
      ing in large cap shares. – Reuters, Bloomberg  -  592 words
    • Article
      Lock icon Seizure of Malay-language Bibles ‘regrettable’: unity council
      545 11  -  Action by state Muslim affairs dept broke 2011’s 10-point pact: NUCC By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S newly created National Unity Consultative Council (NUCC) said yesterday that a recent seizure of Malay-language Bibles from a Christian centre by an agency in charge
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    • Article
      Lock icon More KL firms adopt dividend reinvestment plan
      474 11  -  By PAULINE NG in Kuala Lumpur ARE dividend reinvestment plans (DRP), aimed at preserving capital, in vogue among big Malaysian pub-lic-listed companies? Given that at least three large companies have, in the last two weeks, announced that they will undertake such a plan,
      474 words
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      70 11 The Straits Times looks back at 2013 and forward to 2014 in an interactive e-book Our 10 must-read lists Singapore World Money Photos Cartoons Online Sports Tech Arts, Food Entertainment Fashion +Essays by Cheong Suk-Wai 2013 a year of trust, new leaders and fallen heroes 2014 happier kids and more
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Taking a bet on Chinese appetite for lotteries
      582 12 China may overtake US as world’s biggest lottery market by 2015 Reuters [HONG KONG] Every day during his lunch break, Chinese businessman Shen Bin buys three lottery tickets for about 33 US cents apiece and then watches to see if his chosen
      Reuters; PHOTO: REUTERS  -  582 words
    • Article
      Lock icon China said to impose curbs on shadow banking
      346 12 Bloomberg [SHANGHAI] China’s State Council has issued an order imposing new limits on shadow banking, two people familiar with the matter said, in the highest-level effort yet to control off-balance sheet lending. The new rules include banning transactions designed to avoid regulations
      Bloomberg  -  346 words
    • Article
      Lock icon Red tape hindering infrastructure growth in India
      452 12 22.5 km sea bridge approved in 1996 yet to take off NYT [NEW DELHI] The Mumbai Trans Harbour Link, a 22.5 km series of pillars supporting an eight-lane highway and a rail line, was supposed to be an artery relieving pressure on India’s
      NYT  -  452 words
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      243 12 Grooming future leaders to be “China-ready”, “China-savvy” and “Connected” ADVANCED LEADERS PROGRAMME The course has given us a concise and condensed introduction to China’s past, present and future, allowing us to gain an in-depth understanding of the diverse social ecology and inter-connectedness of the country’s political and socio-economic environment. Shaw
      243 words
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      Lock icon Page 12 Advertisements Column 2
      36 12 CONGRATULATIONS TO THE WINNERS OF THE LATEST StraitsTimesCarOfTheYear VOLKSWAGENGOLF BestSportsUtilityVehicle RANGEROVER BestExecutiveSaloon LEXUSIS BestStationWagon AUDIRS4AVANT BestFamilySaloon KIAFORTEK3 BestNotchbackCoupe BMW4SERIES BestSportsCar(Convertible) JAGUARF-TYPE BestHotHatch BMWM135i BestSportsCar(Coupe) PORSCHECAYMAN Read about Singapore’s best cars of 2013 in torqueJanuary 2014 issue!
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  • WORLD
    • Article
      Lock icon Bond tab of US$7.43t for biggest economies in ‘14
      908 13 Group of Seven and the BRIC nations need to pay up as bond yields climb Bloomberg [LONDON] The world’s biggest economies will need to refinance US$7.43 trillion of sovereign debt in 2014 as bond yields begin to climb from record lows,
      Bloomberg  -  908 words
    • Article
      Lock icon Jobs remain a big worry for eurozone leaders
      558 13 Bloomberg [BRUSSELS] European Union leaders pondering the fruits of a 120 billion euro (S$206.8 billion) push to jump-start the economy and create jobs can look to data this week for evidence of how little has been achieved. The euro-area unemployment rate probably
      Bloomberg  -  558 words
    • Article, Illustration
      Lock icon Japan’s housewives avoid mayo as prices beat pay
      635 13 Bloomberg [TOKYO] Price increases are prompting Japanese shoppers to buy less mayonnaise, showing the fragility of any economic rebound unless wages keep up with living costs. Production of the sauce fell 5.1 per cent in the five months ending Nov 30 from
      Bloomberg; PHOTO: BLOOMBERG  -  635 words
    • Article, Illustration
      Lock icon JPMorgan nears US$2b deal on Madoff-linked case
      1037 14 Settlement may also include a deferred prosecution agreement: sources NYT [NEW YORK] Working through a long list of legal problems, JPMorgan Chase is starting the new year with another steep payout to the government. The bank plans to reach as soon as this
      NYT; PHOTO: BLOOMBERG  -  1,037 words
    • Article, Illustration
      Lock icon Daily-play fantasy sports making its mark on Wall St
      832 14 Over 33.5m people in the US play fantasy sports WP [NEW YORK] Drew Dinkmeyer spent seven years as a senior investment analyst in Tampa, Florida, before deciding to pursue fantasy sports professionally. Mr Dinkmeyer, who’s 31 and got married last year,
      WP; PHOTO: BLOOMBERG  -  832 words
    • Article
      Lock icon British CFOs say appetite for risk returning: Deloitte survey
      524 14 Reuters [LONDON] The finance chiefs of Britain’s biggest companies say their appetite for risk has returned, with a poll showing they believe access to bank lending will ease in 2014, enabling them to expand and hire more staff. Britain’s economy reported
      Reuters  -  524 words
    • Article
      Lock icon US Nov factory orders rebound 1.8 per cent
      493 15 Economy gathering underlying strength, setting it on faster growth path in 2014 LATEST US DATA reation. Reuters, Bloomberg [WASHINGTON] New orders for US factory goods rebounded in November, adding to signs of strong momentum in the economy in late 2013. The Commerce
      reation. – Reuters, Bloomberg  -  493 words
    • Article
      Lock icon Merkel fractures pelvis in ski accident
      296 15 Bloomberg [BERLIN] German Chancellor Angela Merkel suffered a pelvic fracture after falling during a cross-country skiing trip, forcing her to cancel appointments during the next three weeks. Mrs Merkel, 59, is under doctor’s orders to spend time lying down after she stumbled during a
      Bloomberg  -  296 words
    • Article, Illustration
      Lock icon UK cuts welfare saying recovery not yet in place
      517 15 Reuters [LONDON] British Finance Minister George Osborne yesterday announced major cuts to the country’s welfare spending as he warned voters that the economic recovery could not be taken for granted. With election due in 16 months and the government facing calls
      Reuters; PHOTO: BLOOMBERG  -  517 words
    • Article
      Lock icon Swiss business groups warn against immigration quota
      360 15 Move will worsen shortage of skilled workers, they say Reuters [BERNE] Swiss business groups rallied together yesterday to reject a proposal to re-impose quotas on immigrants from European Union countries, warning that the measure would exacerbate a shortage of skilled workers and damage
      Reuters  -  360 words
    • Article
      Lock icon Abe wants to explain shrine visit to China, South Korea
      364 15 Reuters [TOKYO] Japanese Prime Minister Shinzo Abe said yesterday that he wanted to meet Chinese and South Korean leaders to explain why he visited a controversial war shrine, seen by critics as a symbol of Tokyo’s wartime aggression. Mr Abe’s
      Reuters  -  364 words
    • Article
      Lock icon The one billion dollar question for start-ups
      1130 16 Some tech companies’ billion-dollar-plus valuations have raised concerns of a new dot-com bubble NYT [NEW YORK] Fab.com, an online retailer selling affordable high design, last year seemed as if it could be the next Amazon. Just a few months later, however, it looked
      NYT  -  1,130 words
    • Article, Illustration
      Lock icon Gold analysts most bullish in a year: survey
      991 16 This comes amid speculation investors cutting bearish bets Bloomberg [LONDON] Gold analysts are the most bullish in a year on speculation that investors are reducing nearrecord bearish bets after the biggest plunge in prices since 1981. Fifteen analysts surveyed by Bloomberg News
      Bloomberg; AFP FILE PHOTO  -  991 words
    • Article, Illustration
      Lock icon Apple vows to diversify its board under shareholder pressure
      707 16 Bloomberg [SAN FRANCISCO] Apple Inc, facing be-hind-the-scenes pressure from some shareholders to add more female directors and executives, has taken a step to address the criticism and diversify its board. The world’s most valuable company recently added language to its corporate
      Bloomberg; PHOTOS: BLOOMBERG  -  707 words
    • Article
      Lock icon German composite PMI up in Dec for eighth month
      314 16 Reuters [BERLIN] Germany’s private sector expanded for the eighth month running in December although growth among service providers eased slightly from a 21/2 year peak in November, a survey showed yesterday. Markit’s final composite Purchasing Managers’ Index (PMI), which tracks growth
      Reuters  -  314 words
    • Article, Illustration
      Lock icon Hollande echoes Mitterrand to boost economy
      973 17 Tax break for hiring recalls pro-business turn by the former president 30 yrs ago Reu ters [PARIS] France’s deeply unpopular President Francois Hollande appears to have found inspiration from his hero Francois Mitterrand, announcing an abrupt pro-business lurch in tax policy that echoes moves
      Reuters; PHOTO: REUTERS  -  973 words
    • Article
      Lock icon Korea stays mum on yen-won slide
      400 17 President Park urges companies to turn crisis into opportunity Reuters [SEOUL] South Korea’s President Park Geun-hye declined yesterday to say what steps would be taken to mitigate the effects of the yen’s slide on local exporters, reinforcing her government’s recent stance of refraining from
      Reuters  -  400 words
    • Article, Illustration
      Lock icon Samsung eyes smartphones-on-wheels as high-end device sales slow
      943 17 Bloomberg [SEOUL] Samsung Electronics Co, which sells almost one of every three smartphones, wants to parlay that technology into automotive navigation and entertainment systems for an industry that makes more than 80 million vehicles a year. Asia’s biggest technology company is pushing
      Bloomberg; PHOTO: BLOOMBERG  -  943 words
    • Article
      Lock icon No regulatory approval needed for Bitcoin ATM in HK
      380 17 HKMA says it does not meet the criteria of a means of payment Bloomberg [HONG KONG] Robocoin Technologies, the company that opened the world’s first Bitcoin automated teller machine (ATM), will not need regulatory approval from the Hong Kong Monetary Authority
      Bloomberg  -  380 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      459 13 WOODLANDS FACTORY FOR SALE Gross floor area: approx. 85,000sqft Land area: approx. 35,000sqft 30+30 years wef 1992 Zoned B2, plot ratio 2.5 Walking distance to Woodlands MRT Desmond Lim Maverick Li 9180 3178 9069 0053 SALE BY EXPRESSION OF INTEREST CLOSING ON 20 JAN 2014 AT 5PM Colliers CEA Registration
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      1136 13 (SAPS 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 FEDERAL PAINT FACTORY (SINGAPORE) LIMITED (Company No: *****0192E) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies
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      Lock icon Page 13 Advertisements Column 3
      415 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KELBURGH PTE. LTD. (the “Company”) (In Member’s Voluntary Liquidation) (Company Registration No. *****8260G) (Pursuant to Section 290(2)(b)) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on
      415 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      2146 15 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices BRC Asia Limited (Incorporated in the Republic of Singapore) (Company Registration No. *****0054G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of BRC Asia Limited (the "Company") will be held at 5 Sixth LokYang Road, Singapore
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  • EDITORIAL & OPINION
    • Article
      Lock icon Improving public finances in Malaysia
      514 18 EDITORIAL THE Malaysian government’s move to cut back on public expenditure from Jan 1 should go some way in assuaging public anger at rising costs that came with the cut in subsidies to several everyday items in the last Budget. So, from the beginning of
      514 words
    • Article, Illustration
      Lock icon The hidden consequence of Snowden’s revelations
      783 18  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group THERE is more than a little hypocrisy to the outcry that the government, through the National Security Agency (NSA), is systematically destroying Americans’ right to privacy. Edward Snowden’s revelations have been stripped of their
      The Washington Post Writers Group  -  783 words
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      Lock icon Challenging crude’s grip on the world
      818 18  -  Shale drilling, energy efficiency efforts have the potential to create a glut of Opec oil By KEVIN ALLISON &0I REUTERS BREAKINGVIEWS THE energy business may enter a tumultuous period in 2014, even if sanctions on Iranian oil exports remain in place. The combination of
      &0I REUTERS BREAKINGVIEWS; PHOTO: REUTERS  -  818 words
    • Article, Illustration
      Lock icon After a horrible 2013, what’s next?
      1067 19  -  Tea Partiers’ stance on economy, other issues makes it difficult for GOP to exploit President Obama’s setbacks LEON HADAR Washington Correspondent AS US President Barack Obama settles back to work at the White House after his Christmas vacation in Hawaii, he leaves behind the
      PHOTO: REUTERS  -  1,067 words
    • Article, Illustration
      Lock icon The US housing bubble is back
      908 19  -  By PETER J WALLISON NYT in Washington LAST NOVEMBER, US housing starts were up 23 per cent, and there was cheering all around. But the crowd would quiet down if it realised that another housing bubble had begun to grow. Almost everyone understands that
      NYT  -  908 words
    • Article
      Lock icon Abolish the corporate tax
      872 19  -  By LAURENCE J KOTLIKOFF NYT in Boston JOBS don’t grow out of thin air, especially well-paying ones. They require, among other things, companies that are willing to operate where you live. ust ask the Seattle-based District 751 of the machinists’ union, which is worried that Boeing
      NYT  -  872 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon EADS set to rename itself as Airbus Group
      321 20  -  Airbus initiating procedures to change legal form of its holding by 2015 By nishar@sph.com.sg NISHA RAMCHANDANI nishar@sph.com.sg WITH the new year comes a new name for aerospace giant European Aeronautic Defence and Space Company (EADS). The group is rebranding itself as Airbus
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    • Article
      Lock icon US flight cancellations exceed 9,000 in 4 days
      437 20 Bloomberg [DALLAS] Airlines are scrapping US flights again yesterday, pushing the total past 9,000 in four days, as they struggle to rebuild schedules after fresh mid-west snow added to disruptions from last week’s north-east storm. Cancelled departures and arrivals topped 1,500 at
      Bloomberg  -  437 words
    • Article
      Lock icon TRANSPORT STOCKS
      252 20 SGX '000 Jan 06 S$ +/-Vol Ch Offshore 0.43 unch 70 Chuan Hup Hldg 0.27 unch 176 Cosco Corp 0.73 -0.01 1004 Cwt Limited................1.33 -0.01 132 Ezra Hldgs 1.32 0.01 4997 First Ship Lea unch unch 0 Grand Banks 0.22 unch 13 Jaya Hold Ltd K1Ventures Keppel Corp
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    • Article, Illustration
      Lock icon How Panama Canal work may snarl America’s LNG exports
      880 20 WP [WASHINGTON] The biggest construction project in the world is on the rocks. And that could have big negative implications for the United States as it tries to turn its natural gas bonanza into an engine of export earnings and geopolitical
      WP; PHOTO: REUTERS  -  880 words
    • Article
      Lock icon US icebreaker sails to aid ships stranded in Antarctica
      781 20 NYT [TAISHAN] Australian officials have asked a US icebreaker to help with the rescue of Chinese and Russian vessels that are surrounded by ice floes in Antarctica, according to an announcement by the Australian Maritime Safety Authority. The officials said on
      NYT  -  781 words
  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      310 20 CRYPTIC CROSSWORD Across 7 Rest swimming, coming after to play old maid? (8) 9 Ears bent by Conservative, a leader who acts like a dictator (6) 10 Who records what could be twenty runs? (6) 11 Faculty I refer to in conversation (8) 12 Here’s the very person to speak
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  • Article
    Lock icon Shipping Times
    1318 21 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
    1,318 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      81 21 You make them. We’ll make them ready. WWL’s Equipment Processing Centre in Jurong Port (Free Trade Zone) offers storage and a wide range of technical services. Services we provide: Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management Wallenius Wilhelmsen Logistics Singapore Pte Ltd Tel: (65)
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2946 22 Transaction date: Jan 6 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 14.4 11.5 8Telecom Vol AAT Last Quote Div Gr Yld Net 11.5 7 AEM High Low 188 106 AIMSAMPIReit Sale
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    • Article
      Lock icon SGX CATALIST
      283 23 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 Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller
      283 words
    • Article
      Lock icon GLOBALQUOTE
      249 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US43.5 unch 7960 44.5 43 43.5 44 2864.3 Sale 318 191 TanChongInt HK300 -4 150 300 300 300 306 4.3 2.3
      249 words
    • Article
      Lock icon SGX ETF
      904 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122 108.3 ABF SG Bond ETF 113 +0.1 10 113 113 112.5 113 515.8 143 125 CIMB APAC Div 100S$D 125.7 123.9 124.8 114.4 98.3 CIMB
      904 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11504 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 8924/ China Opportunities 1 2 8041/ EM Local Ccy Bond 0 8919/ European Opportunities 1 1 3104/ Global Emerging
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      714 24 Jan 6 OP/INT OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.54 *****.01 *****.44 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Jun14 *****.00 *****.00 *****.00 *****.00 0 1768 MSCI TAIWAN INDEX FUTURES SPOT 298.69 299.34 296.71 Jan14 298.00 298.90 296.80 297.30 ***** *****4 Feb14
      714 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 3 Index Change Change Change Change Change Change World Preliminary 1176.7 0.0 -0.7 0.0 -0.6 0.1 -0.9 EAFE Preliminary 953.5 0.2 -0.3 0.1 -0.6 0.2 -0.9 Europe Preliminary 1350.1 0.4 -0.4
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Jan 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.951 5.424 0.660 6.947 55.838 109.630 0.935 9.545 2.940 1.084 94.436 40.044 1.137 9.584 0.812 26.889 29.653 0.548 0.896 Canada 1.052 5.703
      471 words
    • Article
      Lock icon CHICAGO BOT
      112 24 Jan 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1289.25 1287.00 1294.00 1281.75 Mar 14 1271.25 1270.00 1278.50 1265.00 May 14 1258.25 1257.25 1267.00 1252.75 Jul 14 1248.25 1246.25 1257.00 1242.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      73 24 CRUDE OIL PRODUCTS Jan 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.78 -1.84 WTI (Near Mth) 94.23 -1.35 Dubai (1-Mth F) 104.50 -2.97 Tapis blend 113.05 -3.02 Minas 106.55 -3.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.17 -1.77 Jet Kerosene 124.04 -2.73 US$/barrel OpecOil Basket
      73 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jan 6 S$ Bid Offer 1-month 1.2688 1.2689 2-months 1.2687 1.2688 3-months 1.2687 1.2688 6-months 1.2683 1.2685 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      68 24 Jan-03 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1727.25 1758.00 3 months 1772.50 1803.00 Copper, Grade A(US$/tonne) Cash 7330.50 7405.50 3 months 7315.00 7393.00 Lead(US$/tonne) Cash 2147.50 2192.75 3 months 2176.00 2221.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon SIBOR
      34 24 Jan 6 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      85 24 Jan 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.57 5-Year N*****0T 0.5 01-Apr-18 97.35 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      140 24 Jan 06 GOLD(US$/oz) Jan 06 Jan 03 Hong Kong 1245.00 1238.00 Jan 03 Jan 02 London 1235.99 1223.90 1237.21 1224.57 Source: Thomson Reuters CAST BAR Jan 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 113 50 5gm 322 252 10gm 576 504
      140 words
    • Article
      Lock icon PALM OIL
      61 24 Jan 6 Jan 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2575.0 2566.0 2575.0 2555.0 308 1891 Feb 14 2611.0 2590.0 2613.0 2574.0 4664 ***** Mar 14 2629.0 2604.0 2629.0 2588.0 ***** ***** Apr 14
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Jan 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1366 1.1368 0.8958 0.8959 Canadian dollar 1.1951 1.1955 0.9422 0.9419 Euro 1.7230 1.7233 1.3580 1.3581 NZ dollar 1.0487 1.0494 0.8265 0.8270 Sterling pound 2.0745 2.0749 1.6350 1.6352
      155 words
    • Article
      Lock icon LIFFE
      94 24 Jan 3 COCOA (£/tonne) Close Prev High Low Mar 14 1730 1680 1734 1676 May 14 1717 1678 1723 1674 Jul 14 1710 1674 1716 1670 Sep 14 1706 1671 1713 1668 COFFEE(US$/tonne) Close Prev High Low Jan 14 1660 1625 1660 1601 Mar 14 1644 1614 1661 1592
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1122 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 (’000) Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Albedo Limited W*****9 Disc Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit MB eCW*****1 3.6 0.4 160
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Jan 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.165 1.110 Can dollar 1.216 1.170 Euro 1.765 1.681 Sterling pound 2.120 2.039 NZ dollar 1.074 1.033 US dollar 1.294 1.233 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 24 Jan 6 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 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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  • PROPERTY
    • Article, Illustration
      Lock icon US office rents extend gradual recovery in Q4
      523 25 Technology, energy and media firms help lift property values in some cities Bloomberg [SEATTLE] US office rents rose in the fourth quarter, extending a gradual recovery from the recession that’s prompted some landlords to sell buildings as occupancies climb. Tenants paid an
      Bloomberg; PHOTO: BLOOMBERG  -  523 words
    • Article, Illustration
      Lock icon Nakheel to repay a third of bank debt in 1Q14
      643 25 Developer benefits from rebound in property sector Reu ters [DUBAI] Dubai developer Nakheel plans to repay nearly a third of its total bank debt in the first quarter of 2014, well ahead of maturity in 2015, as it benefits from
      Reuters; FILE PHOTO  -  643 words
    • Article
      Lock icon Balfour Beatty to convert UK stadium
      148 25 Reuters [LONDON] Construction group Balfour Beatty has won a £154 million (S$320 million) contract to convert London’s Olympic stadium into a facility that will be the permanent home for West Ham United Football Club. The British company said it would transform the centrepiece of
      Reuters  -  148 words
    • Article, Illustration
      Lock icon Industrial rents to rise in ‘14: DTZ
      473 26  -  It cites uptick seen in manufacturing, ‘moderate’ supply of available space By ONG CHOR HAO ongch@sph.com.sg INDUSTRIAL rents will continue an upward trend, which started in the fourth quarter of 2013, in the year ahead, even as sales volumes and prices stagnated, said
      473 words
    • Article
      Lock icon London is top city for real estate investing
      186 26 Reuters [LONDON] London ranks as the top city for foreign real estate investment opportunity, beating out last year’s winner, New York, according to a survey by the Association of Foreign Investors in Real Estate. The survey found that San Francisco was the
      Reuters  -  186 words
    • Article, Illustration
      Lock icon China’s poor head underground
      711 26 Soaring property prices see urbanites becoming ‘rat race’ Reuters [BEIJING] Zig-zagging left and right through a maze of dark, narrow corridors in a high-rise’s basement, 35-year-old kitchen worker Hu has joined the many thousands of Chinese fleeing fast-rising property prices by heading down down underground. Mr
      Reuters; PHOTO: REUTERS  -  711 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      448 25 e FIABCI Prix d Excellence Award 2013 <s sinaran i a l i SiaOf nil -*> l M IT m ii. ii. uai The penthouses of Soleil Sinaran embody the very finest in ultimate luxury living. The desirability is further heightened by the rarity of these 5-bedroom single storey penthouses,
      448 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      430 26 ft .,lJP \f *r 3 O' 0 -ji •v -*r> > r w\ V Z V A L 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
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