The Business Times, 9 January 2014

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Microfilm: NL32956
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, January 9, 2014G
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  • Article
    Lock icon Independent body for listing mulled
    883 1  -  Public consultation on SGX market regulation review expected soon By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] An independent listing committee, tighter listing standards and stronger enforcement powers for the Singapore Exchange (SGX) are among the ideas that regulators are exploring in the wake of last October’s penny
    883 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,150.65 (+29.77) GST INDEX FUTURES 3,150.00 (+30.00) GSIMSCI 360.87 (+3.23) GSIMSCI FUTURES 361.00 (+3.90) US$ S$ US$ (S$ per US$) 1.272 (US$/S$ per 1.642 2.087 EURO (US$/S$/€ 1.362 1.732 Foreign currency per US$ S$ YEN 105.10 82.60 RM 3.284 2.582 HK$ 7.755 6.099 BAHT 33.08 26.01 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,831.30 +6.19 NIKKEI 225 16,121.45 +307.08 HANG SENG 22,996.59 +283.81 SET INDEX 1,257.73 -4.63 JAKARTA COMP 4,200.59 +24.79 MANILA COMP 5,986.48 +39.04 SEOUL COMP 1,958.96 -0.48 SHENZHEN B 855.55 +9.10 MUMBAI IND 20,729.38 +36.14 11.00am EST Change DOW 16,462.19 -68.75 NASDAQ 4,164.96 +11.78
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 INDONESIA 14.664 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg
      21 words
  • Article, Illustration
    Lock icon ExxonMobil’s US$5-6b complex sets new marks: PM
    746 1  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] ExxonMobil’s (EM) new, second petrochemical complex here costing an estimated US$5 bil-lion-US$6 billion is the US energy giant’s largest investment here and also Singapore’s largest manufacturing investment ever, said Prime Minister Lee Hsien Loong who opened the expansion
    PHOTO: MARK CHEONG/THE STRAITS TIMES  -  746 words
  • Page 1 Advertisements
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      196 1 APPOINTMENTS Marc Boeyjoins Far East’s overseas unit PAGE 4 HOCK LOCK SIEW OCBC bid for Wing Hang: A ho-hum deal PAGE 7 COMMENTARY Indonesia: overlooked gem for brands? PAGE 20 PROPERTY S’pore properties draw $4b foreign investments: DTZ PAGE 30 8"*****1"*****4 IWC PILOT. ENGINEERED FOR AVIATORS Spitfire Chronograph. Ref. 3878:
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      7 1 An industry with ‘bright future’, Page 2
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      455 2 Independent body for SGX listing mulled AN independent listing committee, tighter listing standards and stronger enforcement powers for the Singapore Exchange are among ideas regulators are exploring. FRONT PAGE ExxonMobil’s US$5-6b S’pore complex sets new marks: PM EXXONMOBIL’S new, second petrochemical complex costing US$5-6 billion is its largest
      455 words
    • Article, Illustration
      Lock icon An industry with ‘bright future’
      642 2  -  Energy, chemicals sector assured support to help it ride out coming storms COMMENTARY RONNIE LIM ronnie@sph.com.sg WHILE not quite moving a mountain, Singapore literally shifted part of a highway here. It rebuilt the main Jurong Island Highway to enable US energy giant ExxonMobil to site
      642 words
    • Article, Illustration
      Lock icon Bumper profits may escape The Premiere sellers
      852 2  -  Buyers of DBSS project unlikely to accept asking prices of $720k-$850k for five-room units By MINDY TAN By tanmindy@sph.com.sg [SINGAPORE] Residents at The Premiere who are banking on their units’ better location and fittings to land them a good resale price might be
      FILE PHOTO  -  852 words
    • Article
      Lock icon Small car COE category sees premium dip
      398 2  -  It may be premature to predict Cat A’s eventual softening By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] The small car COE premium dipped yesterday in what some in the motor industry are hoping could be the start of a steady slide in Category A prices.
      398 words
    • Article, Illustration
      Lock icon Progressive wage bill for cleaners, security guards
      701 4  -  Legislating the wage model is not to set a national minimum wage, says Tharman By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] The progressive wage model pushed by the labour movement to boost the pay of low-wage workers will be made compulsory in the cleaning
      FILE PHOTO  -  701 words
    • Article
      Lock icon Talent, complexity main accounting challenges
      407 4  -  By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] Practising accountants here face the uphill task of attracting and retaining talent, even as they grapple with the complexity of ever-evolving financial reporting standards. These challenges affect both public practitioners (that is, those working in public accounting firms) as well
      407 words
    • Article
      Lock icon SingTel ‘likes’ Facebook through prepaid mobile plan
      391 4  -  By JOYCE HOOI joyceh@sph.com.sg [SINGTEL] SingTel has added Facebook to its arsenal of app partnerships, launching Singapore’s first prepaid mobile plan for the social networking app. Under the non-exclusive tie-up, the telco will offer three kinds of Facebook plans to its prepaid customers.
      391 words
    • Article, Illustration
      Lock icon JPMorgan to pay US$2.6b over Madoff allegations
      910 4 Bloomberg [MANHATTAN] JPMorgan Chase Co will pay US$2.6 billion to resolve criminal and civil allegations it failed to stop Bernard Madoff’s Ponzi scheme, bringing its legal settlements from the past two years to more than US$29 billion and further eroding its once-record earnings.
      Bloomberg; PHOTO: REUTERS; BLOOMBERG  -  910 words
    • Article, Illustration
      Lock icon Ex-URA exec joins Far East overseas unit
      476 4  -  Marc Boey given new post of special projects director By KALPANA RASHIWALA By kalpana@sph.com.sg [SINGAPORE] Former Urban Redevelopment Authority (URA) heavyweight Marc Boey joined property giant Far East Organization yesterday. Mr Boey has been appointed to the newly created post of director of
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  • Page 2 Advertisements
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      145 2 THE ONE PLACE FOR ALL YOUR LOGISTICS NEEDS. Cogentl .Logistics Hub at 1 Buroh Crescent has it all, from container depot and warehousing to transportation management. A one-stop hub with an integrated container depot on the roof top that revolutionises your logistics supply chain through the enhancement of productivity and
      145 words
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      Lock icon Page 2 Advertisements Column 2
      21 2 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • Page 3 Advertisements
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      181 3 BENTLEY WEARNES AUTOMOTIVE 1/o KevK) chu \A*~ m I is ss VW mm aSSSE wmm* vi*; a,:? S3S WciaLgi'' vjtt. -1 MHmnra 'CT T mm v,< mm ■A •V y .kt*Vv JgBP8|$n Mia; *TVV£f< WMmm MiiH -■.V;4 I ww A «f I .-aw i /5 .,;i iSSlP N S i«iM
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  • Page 5 Advertisements
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      215 5 FRASeRS CentRepOInt. Today, Frasers Centrepoint scripts a fresh chapter in our history as a newly-listed company on the Main Board of the Singapore Exchange. Over the past 33 years, we have steadily built our reputation and track record to become a full-fledged real estate company with international scale and capabilities.
      215 words
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  • COMPANY NEWS
    • Article
      Lock icon Guidance lacking in covered bond rules here
      649 6  -  It falls short in areas such as the appointment, duties and powers of an administrator, says Fitch By ANGELA TAN angelat@sph.com.sg SPECIFIC guidance is still lacking in Singapore’s rules for covered bond issuance, despite the recent update and clarification on liquid assets and
      649 words
    • Article, Illustration
      Lock icon Tiger sells its stake in loss-making Philippine unit for US$7m
      790 6  -  It strikes strategic alliance with buyer Cebu Pacific By NISHA RAMCHANDANI nishar@sph.com.sg TIGER Airways has confirmed that it is divesting its 40 per cent stake in loss-making Tigerair Philippines to the Philippines’ biggest budget carrier, Cebu Pacific, for US$7 million.
      ST FILE PHOTO  -  790 words
    • Article
      Lock icon OCBC launches US$100m China PE fund
      525 6  -  This potentially allows bank to raise onshore RMB capital By KENNETH LIM kenlim@sph.com.sg OVERSEA-Chinese Banking Corp (OCBC) has set up a qualified private equity fund to invest in onshore China companies, potentially allowing the bank to raise an onshore renminbi fund. The US$100 million
      525 words
    • Article
      Lock icon FCL starts trading today as separate entity from F&N
      286 6  -  By ONG CHOR HAO ongch@sph.com.sg FRASERS Centrepoint Limited (FCL), the property arm of the conglomerate Fraser Neave (F&N), begins trading as a separate entity from the parent company today. In a regulatory filing yesterday, FCL said its roughly 2.9 billion shares
      286 words
    • Article, Illustration
      Lock icon OCBC bid for Wing Hang: A ho-hum deal
      944 7  -  HOCK LOCK SIEW By SIOW LI SEN OCBC Bank CEO Samuel Tsien might do well to heed the words of his predecessor almost a decade ago when the latter gave his view on acquisitions. David Conner had said that studies of acquisitions
      PHOTO: BLOOMBERG  -  944 words
    • Article
      Lock icon TEE Land posts Q2 profit of $1.7m
      420 7  -  Halving its sales costs has helped drive gains By SHEENA TAN tsheena@sph.com.sg IN spite of a drop in revenue, mainboard-listed property developer TEE Land has swung back into the black to a net profit of $1.7 million in its second quarter (Q2) ended
      420 words
    • Article
      Lock icon Changes at the top at Hyflux, SMRT
      196 7  -  By LEE U-WEN leeuwen@sph.com.sg HYFLUX Group senior executive vice-president and deputy CEO Sam Ong will join SMRT Corporation as its new executive VP and chief financial officer from March 1 this year. He replaces the outgoing Catherine Lee, who has resigned to pursue
      196 words
    • Article
      Lock icon Allen & Gledhill leads 2013 M&A legal advisers
      473 9  - Allen Gledhill leads 2013 M&A legal advisers It takes quarter of market share with 30 of 114 total completed deals By KENNETH LIM kenlim@sph.com.sg ALLEN Gledhill (A&G) was Singapore’s busiest legal adviser for merger and acquisition (M&A) deals in 2013 by a significant margin, according to data compiled by Mergermarket.
      473 words
    • Article
      Lock icon GLP to start development of logistics facilities in Saitama Prefecture
      218 9  -  By RAPHAEL LIM raphlim@sph.com.sg GLOBAL Logistics Properties (GLP) will start development of two multi-tenant logistics facilities in Greater Tokyo. GLP Sayama Hidaka I and II, expected to be completed in December 2015 and May 2016 respectively, have a total development
      218 words
    • Article
      Lock icon 5 firms tie up with eye on $60b of MRT projects
      170 9 A CONSORTIUM of five local construction companies, including two listed ones, has been formed to bid for $60 billion worth of MRT projects. United Singapore Builders Pte Ltd (USB) will tender for projects laid out by the Ministry of
      170 words
    • Article
      Lock icon UniFiber RTO bodes well for Sinar Mas unit
      402 9  -  It will have access to more competitive funding resources By ANDREA SOH sandrea@sph.com.sg THE reverse takeover of an Indonesian coal mine by forestry and pulp group United Fiber System will create more investment opportunities for the coal mine’s parent group PT Dian
      402 words
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      Lock icon Page 6 Advertisements Column 1
      101 6 Experience it for yourself. Exhibit at c/7 air Singapore Gifts Premiums Fair 2014 16- 18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com Impressions of SGPFair 2013 ...This year's leads seem to be of better quality! BIC PRODUCT (SINGAPORE) Quality crowds FOUR SEASONS GIFTS Visible A&P exposure in main media. SASHA'S
      101 words
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      Lock icon Page 6 Advertisements Column 2
      66 6 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 27th FEB 2nd MAR 2014 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD
      66 words
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      20 6 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements KAT3 NOTICES 1 CLA/FEB 11/g
      20 words
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  • Page 7 Advertisements
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      169 7 i y Has Your Company Filed Its Annual Return? Corporate Compliance Reminder Timely holding of Annual General Meeting (AGM) Laying of up-to-date financial statements at AGM Timely filing of Annual Return June marks the end of the Financial Year for many companies. Private and public unlisted companies with a financial
      169 words
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      Lock icon Page 7 Advertisements Column 2
      351 7 <a> Trade online with speed and confidence. There is something new in the online trading world called i*Trade@CIMB! With our servers co-located at SGX, you’ll experience rapid speed with your orders entering the market within split seconds.This highly secured platform using the OneKey Two-Factor authentication (2FA) is not only safer
      351 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI recovers with 29.77-point rebound
      573 8  -  Market hopeful of rising Wall Street; volume remains weak, penny stocks under pressure STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index yesterday bounced back 29.77 points to 3,150.65 after three consecutive losses when it had lost 54 points. The rebound was largely due
      Source: Bloomberg  -  573 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 3 0 0 0 6 4 3 Manufacturing 41 63 38 6 18 8 47 81 46 Commerce 19 22 19 1 8 4 20 30 23 Tpt/Stor/Comms 21 10 6
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,846 34,846 44,324 44,324 Manufacturing 679,587 236,091 915,678 178,017 9,158 187,176 Commerce 314,325 467,693 782,018 67,093 47,532 114,626 Tpt/Stor/Comms 102,650 4,860 107,510 139,191 582 139,773 Finance 115,624 528 116,152 223,892 171 224,063 Construction 52,783 747,811
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.940 +0.025 CapitaLand 2.980 +0.020 CapitaMall 1.880 -0.005 CityDev 9.480 +0.180 ComfortDelGro 2.030 +0.020 DBS Grp 17.370 +0.330 GLP 2.890 +0.030 Genting SP 1.485 Golden Agri 0.545 HK Land 6.080 +0.120 HPH Trust US$ 0.680 +0.015 JMH 53.660 +0.640 JSH 33.200
      112 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Jan 8 VALUE CLOSE BT OB/OS 347.00 -41.00 BT CADI -*****.00 -41.00 BT 10-day MA -*****.00 +35.00 FTSE ST Mid Cap 721.72 +6.17 FTSE ST Small Cap 547.04 +0.49 FTSE ST All Share 765.84 +6.63 FTSE ST China Top 200.88 +1.93 FTSE ST China 227.71 +2.92 FTSE
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Raffles Medical Group
        359 8 Jan 8 close: $3.12 OCBC Investment Research, Jan 8 RAFFLES Medical Group (RMG) recently entered into a sale-and-pur-chase agreement with DBS Bank to acquire its property at 100 Taman Warna (located adjacent to the Holland Village MRT station) for a purchase consideration of S$54.8 million. The property
        Source: Bloomberg  -  359 words
      • Article, Illustration
        Lock icon Biosensors International
        377 8  -  Compiled by TEH SHI NING Jan 8 close: $0.88 CIMB Research, Jan 7 SHARE price volatility and enlarged trading volume of late have caught the attention of many investors. It is now harder for earnings to make any meaningful impact in the next two quarters and its bombed-out
        Source: Bloomberg  -  377 words
      • Article
        Lock icon Glossary
        134 8 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter
        134 words
    • Article, Illustration
      Lock icon US dollar up, ahead of strong jobs data
      597 8 CURRENCIES Reuters [TOKYO] Upbeat US trade data helped the dollar edge higher against the yen and touch a one-month high against a basket of major currencies in Asia yesterday, even as caution ahead of this week’s key US employment report kept gains
      Reuters; PHOTO: REUTERS  -  597 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Charisma Energy 723,013,000 HanKore 179,515,000 Metech Int 157,827,000 Albedo 143,363,000 KLW Hldgs 139,327,000 Transcu Grp 123,476,000 Federal Int 115,146,000 Vallianz Hldgs 99,506,000 GSH Corp 96,003,000 WE Hldgs 94,834,000 VALUE($) DBS Grp 98,035,694 OCBC Bk 80,692,580 Charisma Energy 62,395,340 SingTel 51,868,340 Yangzijiang 37,369,740 Ezra 35,234,400 UOB 34,615,003
      58 words
    • Article
      Lock icon RISES
      115 8 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 718.3 5.3 DBXT Nifty 10US$ ***** 101.7 0.8 DBXT E50 10US$ 5157 95.4 1.5 JMH 5366 81.4 1.2 JSH 3320 68.7 1.7 DBXT FTChina25 10US$ 2859 50.9 1.4 UOB 2110 38.0 1.8 DBXT FTVietnam 10US$ 2489 33.1 1.1 DBS Grp 1737
      115 words
    • Article
      Lock icon FALLS
      119 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -174.2 -1.1 Lyxor LatinAmerica 1 640 -8.9 -1.1 DBXT MSINDO 10us$ 1120 -7.6 -0.5 Sarin 186 -7.0 -3.6 Creative Tech 212 -6.0 -2.8 GuocoLand Ltd 219 -5.0 -2.2 ChinaKangda 13.5 -4.0 -22.9 Haw Par Corp 822 -4.0 -0.5 NSL 160 -3.5 -2.1
      119 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      284 9 i, ■|ll JJjT, imm u n I m\ J '■*32 a ir* *3 ■V M ■J V w ■*e- >v i-V ■^2 •I 7 91 launch of Sandringham House Saturday 11 Sunday 12 January 2014. 11am 7pm Four Seasons Hotel, Windows West Room, 20/F, 190 Orchard Boulevard Singapore *****6 One
      284 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Revised environmental plan ready by year-end
      621 10  -  It will outline plans, priorities, provide guidance amid mounting challenges By GRACE LEONG gleong@sph.com.sg THERE will be a revised Sustainable Singapore Blueprint by the end of the year, one that will outline the country’s environment priorities and plans, and provide guidance for future projects
      621 words
    • Article
      Lock icon Focus on innovation, R&D on Budget wish list
      720 10  -  ISCA panellists, KPMG also call for more emphasis on building local brands By MALMINDERJIT SINGH msingh@sph.com.sg THE Budget should put more emphasis on encouraging innovation, research development (R&D) and the building of local brands to counter the erosion of Singapore’s competitiveness arising
      720 words
    • Article
      Lock icon $50m for early adopters of wage model
      414 10  -  NTUC incentive aims to give firms time to lift workers’ productivity By CHUANG PECK MING peckming@sph.com.sg THE labour movement is dangling a $50 million carrot for early birds to embrace its progressive wage model (PWM) before it becomes compulsory in the cleaning industry
      414 words
    • Article, Illustration
      Lock icon Solicitor-General Koh Juat Jong to retire this month
      449 10  -  Lionel Yee, judicial commissioner, to take over on Feb 1 By MICHELLE QUAH michquah@sph.com.sg SINGAPORE’S SolicitorGeneral, Koh Juat Jong, will be retiring from public service at the end of the month. It will mark the end of 31 years of public service
      449 words
    • Article
      Lock icon WDA offers diploma course on footwear design
      344 10  -  By RAPHAEL LIM raphlim@sph.com.sg THE footwear industry here is getting a step up with a skills upgrading course targeted at local professionals, managers and executives (PMEs). It is the first time the Workforce Development Agency (WDA) is targeting this group. Developed by WDA
      344 words
  • Page 10 Advertisements
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      12 10 JANUARY ISSUE OUT NOW! ST-TORQUEAWARDS SINGAPORE’S BEST CARS OF 2013 REVEALED! WWW.TORQUE.COM.SG
      12 words
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      Lock icon Page 10 Advertisements Column 2
      59 10 HOT PROPERTY j -s third STREET of +attic Land?7nnc ty f f Semi d 4000sqft w° S f Qft Build etn Park «^mcS lmmed aCCeSS ECP Prime Pfo i ut V- Bung lw s+i 6300s?°AVai?K d^fup EAST HOUSES FOR RENT Check this and many other properties in CATS Classified in
      59 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sia trade surplus touches 20-month high in Nov
      535 11  -  Increase signals pick-up in global demand; bodes well for this year By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S trade surplus hit a 20-month high in Nov e m b e r pick-up in global demand. s i g n a lli n
      PHOTO: REUTERS  -  535 words
    • Article, Illustration
      Lock icon Jokowi would easily win Indonesian presidency if he contests: poll
      312 11 Re uters [JAKARTA] Jakarta’s hugely popular governor, Joko Widodo, looks unstoppable as the man to be Indonesia’s next president, according to an opinion poll published yesterday, which showed him four times more popular than his closest rival. The snag is
      Reuters; PHOTO: REUTERS  -  312 words
    • Article
      Lock icon Vehicle sales in M’sia to rise 4.2% this year: report
      419 11  -  National policy due this month expected to give incentives for making energy-efficient vehicles By PAULINE NG in Kuala Lumpur MALAYSIAN consumers may have become more cautious about spending following a slew of price increases, but one big-ticket item still appears
      419 words
    • Article
      Lock icon Indonesia mining ministry looks to ease mineral export ban
      417 11 Reu ters [JAKARTA] Indonesia’s mining ministry yesterday sought to ease a looming mineral export ban by proposing a regulation that would allow shipments of some mineral ore concentrates to continue until 2017. However, the proposal, which must be approved by President
      Reuters  -  417 words
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      1498 11 KAT3 NOTICES < < < CHINA FISHERY GROUP LIMITED CHINA FISHERY GROUP LIMITED (Incorporated in the Cayman Islands) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of China Fishery Group Limited (the "Company”) will be held at Ballroom If InterContinental Singapore, 80 Middle Road,
      1,498 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China okays sale of FTZ-made consoles
      631 12 Move lifts ban on domestic console sales but imports remain blocked AFP [SHANGHAI] China has formally authorised game consoles made in a new Shanghai free trade zone (FTZ) to be sold in the country, potentially opening its lucrative market up to the likes of
      AFP; PHOTO: AFP  -  631 words
    • Article
      Lock icon Aborted defence deal underscores India’s procurement problem
      648 12 Analysts blame endemic corruption and bureaucracy AFP [NEW DELHI] India’s decision to cancel a US$740 million helicopter contract with Italian-owned AgustaWestLand last week added to an already long list of failed defence deals which have left the military short of crucial equipment. The
      AFP  -  648 words
    • Article
      Lock icon China’s investment in US doubled last year
      225 12 AFP [WASHINGTON] China’s investment in the United States doubled to US$14 billion last year despite sometimes rocky political ties, with private firms leading the way, said a study released on Tuesday. About half of the value consisted of Shuanghui International’s takeover of the
      AFP  -  225 words
  • Page 12 Advertisements
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      196 12 buzz 'cfi fj rasper Buzz rewards you with Prosperous Red Packets this Lunar New Year with every $3 spent. mg&M Is wr* o Xur K *1 yv Ir'.j o* K K \0 vj> < Start picking a reward now from the Prosperity Capsule. Follow these simple steps to earn plays
      196 words
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  • WORLD
    • Article, Illustration
      Lock icon Yahoo unveils new products in revenue push
      666 13 Revised ad tools, mobile products, digital magazines among the plans Bloomberg [LAS VEGAS] Yahoo chief executive officer Marissa Mayer unveiled updated advertising services, mobile products and digital magazines for technology and food news, part of a push to revive sales at the largest
      Bloomberg  -  666 words
    • Article, Illustration
      Lock icon Surge in sake exports driving Japan back to vintage rice
      666 13 Bloomberg [TOKYO] Farmers on Japan’s west coast will sow Nihonbare rice this year for the first time in a decade as growers around the country return to older varieties to meet demand for record sake exports. Overseas shipments of the
      Bloomberg; PHOTO: BLOOMBERG  -  666 words
    • Article, Illustration
      Lock icon Some parts of US turn colder than Mars
      712 13 Temperatures dip to as low as -50° C in the western Prairies AFP [CHICAGO] A deadly chill had much of the United States and Canada in its wintry grip, as a recordbreaking cold snap brought temperatures lower than on the surface of
      AFP; PHOTO: AFP  -  712 words
    • Article
      Lock icon Thai govt 10-year bonds fall amid further unrest
      296 14 Bloomberg [BANGKOK] Thailand’s 10-year bonds fell, pushing the yield to a one-month high, after overseas funds cut holdings amid antigovernment protests that began in October. The political unrest and the Federal Reserve’s stimulus reduction may extend outflows, Bank of Thailand deputy governor
      Bloomberg  -  296 words
    • Article
      Lock icon Dec payroll increase more than forecast
      422 14 Hiring pick-up, wage gains help spur faster growth in consumer spending LATEST US DATA Bloomberg [WASHINGTON] Companies added more workers than projected in December as US employers grew more optimistic about the prospects for demand, a private report based on payrolls showed yesterday. The
      Bloomberg  -  422 words
    • Article, Illustration
      Lock icon Greece defends efforts to get economy back on track
      539 14 Reuters [ATHENS] Greek ministers yesterday delivered a staunch defence of their efforts to put the economy back on track and said that they did not want any more conditional loans from the European Union (EU) or the International Monetary Fund (IMF),
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    • Article
      Lock icon German Nov factory orders rise more than forecast
      507 14 2.1% gain points to German economy powering ahead in the first half of 2014 Bloomb erg [FRANKFURT] German factory orders rose more than economists forecast in November, adding to signs that a recovery in Europe’s largest economy is gathering pace. Orders, adjusted
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    • Article
      Lock icon EU lawmakers begin ‘tough’ talks on new bank oversight system
      357 14 AFP [BRUSSELS] The European Parliament launched “tough negotiations” with EU member states yesterday on enacting a new bank regulatory system meant to prevent any repetition of the financial crisis. An agreement is needed before elections in May. A parliamentary statement,
      AFP  -  357 words
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      Lock icon Bangladesh election unrest squeezes garment sector
      1001 16 Global retailers cut orders out of concern over supply chain interruptions Reuters [DHAKA] On the outskirts of Dhaka, Babylon Garments has shortened work shifts to eight hours from the usual 10 and plans to shutter production lines as months of election-related violence disrupts transport
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    • Article
      Lock icon Cambodia workers dying for a pay rise
      576 16 Despite suffering casualties, they say battle is not over AFP [PHNOM PENH] Cambodian workers demanding higher wages to toil in factories making Gap jeans and Nike trainers have found themselves on the frontline of a bloody crackdown on dissent by strongman premier Hun
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      Lock icon Robots that can teach your children or help in therapy
      635 16 AFP [LAS VEGAS] The robots are coming, and they’re here to help. Help clean your windows, teach children, or even provide entertainment or companionship. This week’s Consumer Electronics Show in Las Vegas highlights enormous growth in robotics in a range
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      Lock icon Mulally not leaving Ford for Microsoft
      782 17 His candidacy fades amid concerns about his age, lack of tech experience Bloomberg [SOUTHFIELD, Michigan] Alan Mulally, chief executive officer of Ford Motor Co, said that he plans to stay with the No 2 US automaker through 2014 and won’t leave for Microsoft Corp,
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      Lock icon Bitcoin community reaches out to lawmakers
      870 17 Bloomberg [WASHINGTON] Bitcoin advocates entered Washington a year ago with the shadow of a federal criminal investigation cast over the virtual currency industry. Their first mission: Win over, or at least not alarm, the US Treasury Department’s Financial Crimes Enforcement Network, called Fincen. “Our
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    • Article
      Lock icon Older Americans shun retirement to start businesses
      796 17 Bloomberg [ATLANTA] On his 65th birthday, physical therapist Gary Kinsey incorporated a company that makes medical devices. “It is a huge risk,” said Mr Kinsey, now 67, owner of North Florida Medical Solutions Inc in Gainesville. “I have sunk everything I have into
      Bloomberg  -  796 words
    • Article
      Lock icon Japan to file criminal complaint against Novartis
      336 17 AFP [TOKYO] Japan’s health ministry was yesterday due to file a criminal complaint against the local arm of Swiss pharmaceutical giant Novartis over alleged exaggerated advertising for a popular blood pressure drug, Kyodo News agency reported. Novartis Pharma KK has been under fire
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    • Article, Illustration
      Lock icon US shale shock: Drilling threatens global oil markets
      1259 18 America cuts crude imports by one-third in less than three years instead of 14 Bloomberg [NEW YORK] The US oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets
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    • Article
      Lock icon Chinese business with Japan faces political hurdle: poll
      346 18 60% of China corporate leaders cannot work with Japanese firms AFP [TOKYO] About 60 per cent of Chinese corporate leaders say that they cannot do business with Japanese firms because of thorny relations between the two countries, a poll published yesterday showed.
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    • Article, Illustration
      Lock icon Congress foists US$350m tower on Nasa that it doesn’t need
      822 18 Bloomberg [WASHINGTON] Nasa will complete a US$350 million structure to test rocket engines at Stennis Space Center in Mississippi early this year. Then, it plans to mothball the 300-foot-high, steel-frame tower for the foreseeable future. The reason: Congress ordered the
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    • Article
      Lock icon Investment boom in US energy assets has legs
      454 18 AFP [WASHINGTON] A boom in capital investment in US energy transportation and storage infrastructure is likely to continue through the decade, raising growth and job prospects, according to a study High levels of investment will continue through 2025, pointing to fairly stable
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    • Article
      Lock icon Asia factories find green certification beneficial
      690 19 MNCs building more environmentally sound plants in developing countries NYT [HO CHI MINH CITY] When Intel went about setting up its chip factory in Vietnam, it found an oddity: Local laws did not govern every aspect of the building. The government had no comprehensive
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      Lock icon Muted Dec inflation rate sparks eurozone deflation fears
      769 19 Core rate of 0.7% a record low since currency’s debut NYT [PARIS] Consumer prices in the eurozone barely increased last month, raising fears of deflation and putting pressure on the European Central Bank to take further action. Inflation in the 17 European
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    • Article
      Lock icon LinkedIn lodges court complaint over hackers
      350 19 Bloom berg [SAN FRANCISCO] LinkedIn, operator of the biggest professional networking site, has said that hackers using automated software created thousands of fake member accounts and copied data from actual member profile pages. The practice, known as data “scraping”, violates LinkedIn’s user agreements and
      Bloomberg  -  350 words
    • Article
      Lock icon Richest Danes face benefits cuts with welfare curbs
      498 19 State-paid services no longer universal right in govt austerity drive Bloomb erg [COPENHAGEN] Denmark’s richest citizens are finding themselves cut off from some welfare benefits as Scandinavia’s weakest nation reviews state-paid services once considered a universal right. “We’ll see a welfare state
      Bloomberg  -  498 words
    • Article
      Lock icon Hedge funds with 7.4% returns in 2013 underperform S&P 500
      901 19 They fall short of investor expectations and trail index for 5th straight year Bloomberg [NEW YORK] Hedge funds returned an average of 7.4 per cent last year, trailing the Standard Poor’s 500 Index for the fifth straight year as US
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      275 13 FUTURE iitiiiiiii a CHINA ADVANCED LEADERS PROGRAMME Grooming future leaders to be China-ready China-sawy and Connected J I really like the hands-on and very practical experience that we have in the second segment where the whole class went to China for the experiential learning journey. I think these closed-door discussions
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      67 14 Myanmar Supply Chain Management Conference 2014 4-6 March 2014 Traders Hotel, Yangon www.mscm.sphereconferences.com New Dates, New Pricing! Early bird discounts till 1st Dec 2013. Save up to USD 441 Opening Address by H.E U Nyan Htun Aung, Minister for Transport, Union of Myanmar And more... Looking for Supply Chain Management
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      31 14 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF KINDNESS DAILY LOVE MORE TRY SOMETHING NEW EVERYDAY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
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      Lock icon Page 15 Advertisements Column 1
      1802 15 PNE INDUSTRIES LTD Company Registration no. *****5792R (Incorporated in the Republic of Singapore) :OLJ(’O)OP <NiQO= >>A "O.PO0OO) :-hP‘ 2\@_\A‘ 9J.Lh+-)O DD>>CC NOTICE OF ANNUAL GENERAL MEETING R<7W![ W9 X[:["j YW5[R ’Kh’ ’KO Z-&)’OO.’K #..&hG YO.O)hG SOO’J.L -N ’KO !-0+h.d fJGG gO KOGP h’ <)QKJP !-&.’)d !G&g‘ F <)QKJP !G&g :-hP‘
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      404 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PEAK ASSETS PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****4718K NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at loot Lower Delta Road #01-05 Singapore *****7 on
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      406 15 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AES GLOBAL PTE. LTD. Registration No. *****8220C (IN MEMEBERS’VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the Company held on 31 December 2013 the following Resolutions were passed: It was
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      3333 15 CHEW’S GROUP LIMITED (Company Registration No. *****0806C) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Chew’s Group Limited (the “Company”) will be held at Raffles Country Club (Stamford 1 2), 450 Jalan Ahmad Ibrahim, Singapore *****2 on
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      25 16 www.omy.sg A Et »^e*i 5f*t$sks eat '°my.sg 3 |jy!.";[!! 0vte omy News iOSAppStore Google Play jmm ijj]ivu:i]■] ijiiifr iji] omy Showbiz IOS AppStore Google Play
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      39 16 CRICKET’S BRIGHT SPARKS The current India team has the potential to hold their own in the international arena, say cricket experts HIGH-NECK BLOUSES ARE IN AGAIN GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327)
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      166 17 NOTICES NOTICE TO PREFERENTIAL CREDITORS OF INTENTION TO DECLARE DIVIDEND Name of Company JAG Foundation Limited (In Creditors’ Voluntary Liquidation) Company Registration No *****1576M Address of former 24 Peck Seah Street Registered Office #05-01 Nehsons Building Singapore *****4 Last Day for Receiving Proofs 23 January 2014 Name of Liquidator Loke
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Indonesia: overlooked gem for brands?
      1316 20  -  Brands that want to enter must first do due diligence and be committed to research By KATHRYN SLOANE The writer is director of growth, Apac, for SGK, a global brand development company N THE surface, there’s nothing surprising about a global brand expanding into one
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      Lock icon Rebounding airline sector yet to clear trees
      484 20 EDITORIAL GLOBAL airline industry profits could hit a record high this year, helped by falling jet fuel prices, rising travel demand and cost-cutting. The International Air Transport Association (Iata) predicted last month that industry profit for 2014 is likely to hit US$19.7 billion
      484 words
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      Lock icon Green tech – the new industrial revolution
      718 20  - Green tech the new industrial revolution THE BOTTOM LINE By LI YONG in Vienna The writer is director-general of the United Nations Industrial Development Organisation Project Syndicate MANUFACTURING industries present society with a dilemma. A healthy manufacturing sector helps an economy to grow, thereby raising living standards an especially important
      Project Syndicate  -  718 words
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      Lock icon Will Yellen make a difference?
      847 21  -  It could be an even more activist Fed under its new chief, who’s a proponent of Keynesian economics LEON HADAR Washington Correspondent Everyone seems to agree that just by being the first woman to head the US Federal Reserve, Janet Yellen will certainly be making
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      Lock icon Political consultancies on a globalisation binge this year
      794 21  -  By ANDREW HAMMOND The writer is a former geopolitical analyst at Oxford Analytica. He was also a special adviser in the UK government. WITH the new year now well underway, much international political attention is already being focused upon November’s US congressional
      794 words
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      Lock icon Crony capitalism costing India dearly
      840 21  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THE Reserve Bank of India (RBI) is not normally known to be alarmist. But even for the staid RBI, its latest half-yearly Financial Stability Report, released last month, revealed trends. some disturbing
      840 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon 5% revenue rise seen for aerospace, defence sector
      409 22  -  Deloitte report also projects increase in M&As in commercial aerospace industry By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] The global aerospace and defence industry is expected to post revenue growth of 5 per cent this year, a pace similar to the last two years,
      409 words
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      Lock icon Jetstar seeks short-haul lift from China and beyond
      478 22  -  By AYISHAH MA EJ Insight TRAVEL may be taking off in China, but it may not reach its potential without more open-sky agreements and a serious expansion of aviation infrastructure, says one of the heads of Australian budget carrier Jetstar Group. “China’s
      EJ Insight  -  478 words
    • Article
      Lock icon Mitsubishi eyes running of Sendai Airport
      167 22 Bloomberg [TOKYO] Japan’s biggest trading house, may bid for the rights to operate Sendai Airport in north-eastern Japan, said two people with knowledge of the matter. Mitsubishi may try to team up with another Japanese company when the government starts an auction of the
      Bloomberg  -  167 words
    • Article
      Lock icon PSA Int’l 2013 container throughput up 2.9%
      226 22  -  By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] PSA International handled 2.9 per cent more cargo at its port projects around the world in 2013. The company said yesterday that it handled 61.8 million Twenty-foot Equivalent Units (TEUs) of containers, with the PSA Singapore Terminals contributing
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      Lock icon Fewer flight cancellations as US weather improves
      515 22 They fell to 2,678 on Tuesday from 4,110 on Monday Bloomb erg [DALLAS] Delta Air Lines and United Airlines were among several carriers set to experience fewer cancelled flights as weather in the US warms and schedules begin to return to normal after
      Bloomberg; PHOTO: AFP  -  515 words
    • Article
      Lock icon TRANSPORT STOCKS
      251 22 SGX '000 Jan 08 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.27 unch 93 Cosco Corp 0.74 0.02 1586 Cwt Limited 1.35 0.01 81 Ezra Hldgs 1.38 0.07 ***** First Ship Lea 0 43 Grand Banks...............0.23 unch 70 Jaya Hold Ltd 0.73 0.02 536 K1Ventures 0.19 unch
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      Lock icon Goldman fund sells stake in SSA Marine
      294 22 Re uters [NEW YORK] An infrastructure fund run by Goldman Sachs has sold its 49 per cent stake in the holding company of SSA Marine, one of the world’s largest privately held port operators, SSA said on Tuesday. The sale is the bank’s
      Reuters  -  294 words
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      30 22 I I SWIM. LIANHE ZAO BAG Which assistance schemes unveiled in 2013 Budget are most popular with SMEsP HHMUiitSiJ II 4 1 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      297 22 CRYPTIC CROSSWORD Across 1 Grub with rice all part boiled (11) 10 Bloke’s retaining sweetheart from agency (5) 11 Chest perhaps, or ancient bust (9) 12 Send home former husband with sex in exchange (9) 13 First of elite joining crack outfit (5) 14 Tent top’s tips pronounced (6) 16
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  • Article
    Lock icon THE BUSINESS TIMES Shipping Times
    1382 23 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
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3234 24 Transaction date: Jan 8 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote 11.5 7 AEM 14.4 11.5 8Telecom C'vr Net 188 106 AIMSAMPIReit.............................141.5 -0.5 542
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      Lock icon SGX CATALIST
      278 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day 2.4 1.1 t Advanced System 1.3 unch ***** 1.4 1.3 1.2 1.3 22.9 Div Gr Yld Net
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    • Article
      Lock icon UNIT TRUST & FUNDS
      11234 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.51/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1.8919/ China Opportunities 1 .2.801/ EM Local Ccy Bond 0 8937/ European Opportunities 1 1 3128/ Global Emerging Markets 1
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    • Article
      Lock icon GLOBALQUOTE
      249 25 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 7490 44 43 43.5 44 2864.3 Sale 318 191 TanChongInt HK308 +7 66 308 301 302 307 4.3 2.3
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      Lock icon SGX ETF
      895 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122 108.3 ABF SG Bond ETF 113 6 113.2 113 112.7 113 515.8 143 124 CIMB APAC Div 100S$D 124 -0.5 0 124 124 123.7 124.6
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      695 26 Jan 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.68 *****.45 *****.57 Mar14 *****.00 *****.00 *****.00 *****.00 *****6 *****0 Jun14 *****.00 *****.00 *****.00 *****.00 48 1843 MSCI TAIWAN INDEX FUTURES SPOT 298.08 299.57 298.07 Jan14 297.50 299.60 297.30 299.20 ***** *****3 Feb14 297.60
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jan 7 Index Change Change Change Change Change Change World Preliminary 1179.3 0.5 -0.4 0.7 -0.1 0.4 -0.8 EAFE Preliminary 953.9 0.3 -0.2 0.4 -0.4 0.1 -1.1 Europe Preliminary 1359.1 0.7 0.3
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 26 Jan 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.964 5.395 0.655 6.913 55.438 109.209 0.937 9.493 2.927 1.077 94.035 39.846 1.134 9.507 0.811 26.897 29.486 0.543 0.892 Canada 1.038 5.597
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    • Article
      Lock icon SIBOR
      34 26 Jan 8 (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
      84 26 Jan 8 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 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.56 5-Year N*****0T 0.5 01-Apr-18 97.49 10-Year NX*****H 2.750 01-Jul-23
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    • Article
      Lock icon PRECIOUS METALS
      143 26 Jan 08 GOLD(US$/oz) Jan 08 Jan 07 Hong Kong 1232.00 1246.00 Jan 07 Jan 06 London 1226.70 1241.60 1227.40 1242.15 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Jan 08 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 113 50 5gm 320 250
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    • Article
      Lock icon PALM OIL
      59 26 Jan 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2500.0 2517.0 2524.0 2493.0 473 1426 Feb 14 2538.0 2529.0 2542.0 2512.0 6336 ***** Mar 14 2557.0 2547.0 2564.0 2530.0 ***** ***** Apr 14 2568.0 2556.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 26 Jan 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1333 1.1338 0.8914 0.8916 Canadian dollar 1.1759 1.1762 0.9250 0.9249 Euro 1.7314 1.7319 1.3618 1.3620 NZ dollar 1.0520 1.0524 0.8274 0.8276 Sterling pound 2.0871 2.0877 1.6416 1.6418
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    • Article
      Lock icon CHICAGO BOT
      112 26 Jan 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1299.50 1296.75 1305.50 1287.25 Mar 14 1276.00 1276.75 1283.00 1266.00 May 14 1258.75 1261.50 1265.75 1252.25 Jul 14 1247.50 1251.00 1254.25 1242.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
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    • Article
      Lock icon LIFFE
      94 26 Jan 7 COCOA (£/tonne) Close Prev High Low Mar 14 1712 1706 1724 1704 May 14 1704 1698 1715 1696 Jul 14 1701 1693 1710 1692 Sep 14 1696 1690 1706 1688 COFFEE(US$/tonne) Close Prev High Low Jan 14 1728 1707 1739 1714 Mar 14 1715 1705 1727 1688
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1186 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 34 -1 150 0.0 5 -87 54 Asia-Pacific Strategic W*****6 0.4 1 123 212 98.75 4 Acma Ltd W*****7 1.1 unch 2787 1 4 46 3.18 30 Ratio
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 26 CRUDE OIL PRODUCTS Jan 07 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.94 0.19 WTI (Near Mth) 93.79 0.12 Dubai (1-Mth F) 103.46 -0.77 Tapis blend 112.49 -0.65 Minas 105.79 -0.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.03 0.06 Jet Kerosene 122.02 -0.64 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jan 8 S$ Bid Offer 1-month 1.2714 1.2716 2-months 1.2713 1.2715 3-months 1.2713 1.2715 6-months 1.2709 1.2712 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      68 26 Jan-07 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1738.50 1735.25 3 months 1785.00 1782.50 Copper, Grade A(US$/tonne) Cash 7363.50 7346.50 3 months 7351.00 7325.00 Lead(US$/tonne) Cash 2127.25 2136.50 3 months 2156.50 2165.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jan 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.161 1.106 Can dollar 1.202 1.156 Euro 1.771 1.687 Sterling pound 2.123 2.042 NZ dollar 1.077 1.036 US dollar 1.298 1.237 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      159 26 Jan 8 Jan 8 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60
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  • PROPERTY
    • Article
      Lock icon Another suit over Empire State Building IPO
      676 27 Two investors accuse managers of rejecting higher offers for building Bloomberg [NEW YORK] The Empire State Building’s managers were sued for the second time in two weeks over their decision to take the iconic New York skyscraper public last year. Hope Ratner and
      Bloomberg  -  676 words
    • Article, Illustration
      Lock icon Sales of German apartments to firms up 23%
      261 27 Bloomberg [BERLIN] German apartment portfolios valued at 13.8 billion euros (S$23.9 billion) changed hands in 2013, the most since 2006 as publicly traded landlords expanded their properties to take advantage of rising rents. Companies spent 23 per cent more on German homes,
      Bloomberg; PHOTO: BLOOMBERG  -  261 words
    • Article
      Lock icon Househunt
      415 27 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 27 AND DEC 3, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 4 NON-LANDED The Interlace Apt 29/11/2013 99 1259 1400 1111 The Interlace Apt 27/11/2013 99 1076 1271
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    • Article, Illustration
      Lock icon Judge blocks NYU’s tower expansion plan
      619 27 Unclear whether university will appeal ruling NYT [NEW YORK] A state judge on Tuesday unexpectedly blocked about half of New York University’s (NYU) large and hotly debated expansion plan to build four towers in the school’s leafy and largely low-scale Greenwich Village neighbourhood. The
      NYT; PHOTO: BLOOMBERG  -  619 words
    • Article
      Lock icon Invesco said to pay US$291m for San Francisco office tower
      295 27 Bloomberg [SAN FRANCISCO] Invesco Ltd, which has more than US$767 billion under management, agreed to buy a 26-storey office tower in San Francisco as the city retains its ranking as one of the most desirable global investment markets. The acquisition
      Bloomberg  -  295 words
    • Article
      Lock icon New index to show banks’ loan quality
      997 28 Rating agencies had noted a decline in underwriting standards last year Bloomberg [NEW YORK] A new derivatives index slated to begin trading this month may reveal how far underwriting standards for US commercial mortgage bonds slipped last year as banks rushed to arrange
      Bloomberg  -  997 words
    • Article, Illustration
      Lock icon Marriott opens tallest US hotel building in NY
      783 28 Bloom berg [NEW YORK] Marriott International Inc, the owner of brands including RitzCarlton and Renaissance Hotels, is opening the tallest US hotel building in New York as tourism in the city reaches a record. The 68-storey tower at the corner of Broadway
      Bloomberg; PHOTO: BLOOMBERG  -  783 words
    • Article, Illustration
      Lock icon Development ravages Cameron Highlands
      752 29 Rampant farm, hotel development has upset the area’s ecological balance AFP [TANAH RATA, Malaysia] On a Malaysian ridge-top, R Ramakrishnan scans a rugged landscape famed in British colonial times as a fresh-aired slice of England in the tropics, but he sees a paradise lost. Illegal farms
      AFP; PHOTO: AFP  -  752 words
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      Lock icon Minister: Vietnam’s real estate market is warming up
      328 29 Xinhua Xinhua [HANOI] Vietnamese real estate market is warming up thanks to joint-efforts by the country’s government and ministries, demonstrated by various positive signs, said Vietnamese Minister of Construction Trinh Dinh Dung on the ministry’s website on Monday. The website quoted Mr
      Xinhua Xinhua  -  328 words
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      Lock icon S’pore properties draw $4b foreign investments: DTZ
      590 30  -  The 2013 figure is over 30 per cent higher than the previous year By ONG CHOR HAO ongch@sph.com.sg FOREIGN investors increased their presence in Singapore real estate last year, ramping up their investment in properties here to $4.1 billion from a year ago,
      590 words
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      Lock icon UK house prices will extend advance this year: Halifax
      308 30 Bloomberg [LONDON] UK house prices will extend their advance this year as the economic recovery strengthens after a 5.7 per cent increase last year, Halifax said. While values fell 0.6 per cent in December, the first decline in 11 months, they
      Bloomberg; PHOTO: BLOOMBERG  -  308 words
    • Article
      Lock icon Dubai fighting ‘off-plan’ property sales
      627 30 Emirate mulls new rules against speculation, with 2013 home prices up 30% Bloomberg [DUBAI] Dubai is planning new rules to control speculation on properties sold before they’re built after home prices climbed by more than 30 per cent last year, the head of the emirate’s
      Bloomberg  -  627 words
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      255 28 What can you get for US$1.6 millionP a How about a building to be named after you in Japan! 8-Storey Freehold Building Naming rights to the building 5min walk to Subway Station Prominently located at a cross junction Rental yield of more than 10% Possible enhancement of building to increase
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      105 28 5 SIS 6a 3m A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with the following types of assets: Bulk Sale Of Undervalued Freehold Strata Title Retail and Office Units In Prime Location 3 4 Star Hotels Shopping
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      128 28 KnightFrank.com.sg For Sale by Tender(Changi South) 3-storey purpose built detached factory with roof terrace. Easily accessible via ECP, PIE TPE, mins drive from Expo MRT. Land Area Approx 6,397 sm (68,861 sf) Gross Floor Area Approx 7,580 sm (81,588 sf) Zoning Business 2 Tenure JTC 30+30 years wef 1996 (Further
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      80 28 DIST09 CONDOFORSALEBYDEVELOPER Fhold, Mins Walk to Somerset MRT/Orchard (A) Skyline 360 at St Thomas Walk Superb View of MBR Flyer 1-level PH, 3929sf, 5Br, $9.33m only Super PH, 6523sf, $12.3m (1886psf) (B) Waterscape Cavenagh Presidential Address/Opp.Centrepoint 3Br 1313sqft fm $2.58m only 4Br 1561sqft fm $3.68m only Prestige Resi 9767 6611
      80 words
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      494 29 GLASSHOUSE GARDENS STRATFORD LONDON A DEVELOPMENT BY Lend Lease LCR The address that addresses it all ('unary Wharf Stratford Station Liverpool Street 8 mins Canary Wharf 11 mins Oxford Circus (West End) 19 mins Heathrow 42 mins Glasshouse Gardens Studio, 1.2 and 3 bedroom apartments available Arptalic ArcelorMittal Olympic Centre
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      388 30 SILVER LIMEHOUSE, LONDON E I 4 Actual views from roof garden Ck. 7 MINUTES FROM CANARY WHARF AND THE HEART OF THE CITY 5* i .Mr Uri mmw f Tr:;. p 2% f -sT Utini ex Luxurious 1, 2 3 bed apartments PRICES FROM £270.000 SILVER BOND STREET BANK LIVERPOOL
      388 words