The Business Times, 10 January 2014

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Microfilm: NL32956
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, January 10, 2014
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  • Article
    Lock icon Construction sector set for positive performance
    693 1  -  BCA’s Quality Mark Homes mobile application launched By tanmindy@sph.com.sg MINDY TAN tanmindy@sph.com.sg [SINGAPORE] While construction will contribute positively to economic growth in 2014, its impact is likely to be moderated. Figures released by the Building and Construction Authority (BCA) yesterday forecast construction demand this
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  • Article, Illustration
    Lock icon Thai businesses batten down the hatches
    721 1  -  Plans made to cope with possible major disruptions as mass rallies start next Monday By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Thai businesses are bracing themselves for possible major disruptions to their operations from next Monday. Jan 13 is the day thousands of anti-government protesters plan
    PHOTO: AFP  -  721 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,145.41 (-5.24) HST INDEX FUTURES 3,145.00 (-5.00) HSIMSCI 360.13 (-0.73) HSIMSCI FUTURES 360.20 (-0.80) US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.648 2.095 EURO (US$/S$/€ 1.360 1.729 Foreign currency per US$ S$ YEN 104.90 82.50 RM 3.276 2.576 HK$ 7.754 6.099 BAHT 33.01 25.96 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,828.21 -3.09 NIKKEI 225 15,880.33 -241.12 HANG SENG 22,787.33 209.26 SET INDEX 1,258.26 +0.53 JAKARTA COMP 4,201.22 +0.63 MANILA COMP 5,937.51 -48.97 SEOUL COMP 1,946.11 -12.85 SHENZHEN B 855.39 -0.17 MUMBAI IND 20,713.37 -16.01 11.00am EST Change DOW 16,400.25 -62.49 NASDAQ 4,149.84 -15.78
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE MALAYSIA HONG KONG INDONESIA 6.55 5.00 INDONESIA 14.929 TAIWAN US JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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      161 1 ARTS Art Stage: Faces to watch PAGE 31 COMPANIES SPH Reit reports DPU of 1.86 cents PROPERTY Eminent Plaza/Lavender Food Sq to be redeveloped PAGE 21 COMMENTARY When a decision requires an excessive self-belief PAGE 18 PAGE 7 Quirky businesses EXECUTIVE LIFESTYLE I PAGE 33 34 BT PROPERTY CLASSIFIEDS BT’s
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      1 1 8"*****1"*****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      385 2 Thai businesses batten down hatches THAI businesses are bracing themselves for possible major disruptions from Monday when thousands of anti-government protesters plan to start a round-the-clock mass rally in Bangkok. FRONT PAGE Construction demand set for growth FIGURES released by the BCA forecast construction demand this year at
      385 words
    • Article, Illustration
      Lock icon Shale gas crackers will shake up industry: ExxonMobil chief
      796 2  -  More competition seen for Singapore’s petrochemicals industry Reports by RONNIE LIM ronnie@sph.com.sg [SINGAPORE] The emergence of shale gas-advan-taged petrochemical crackers in North America will see the global refining/ petrochemicals industry, including Singapore’s, enter a period of competition “not seen for quite
      796 words
    • Article
      Lock icon ExxonMobil planning halobutyl rubber plant
      665 2 [SINGAPORE] ExxonMobil (EM), which is eyeing further Singapore plant investments to produce halobutyl rubber used to make tyres and inner tubes and premium resins for adhesives, is fairly “well-advanced” in terms of technical and economic studies for these projects, its chairman and CEO Rex Tillerson
      665 words
    • Article, Illustration
      Lock icon China’s Dec inflation falls to 7-month low at 2.5%
      564 2  -  By in VIRGINIE MANGIN in Beijing CHINA’S inflation rate fell to a sev-en-month low in December on the back of easing food prices, reducing the odds of monetary tightening. The consumer price index (CPI) eased to 2.5 per cent in December
      PHOTO: AFP  -  564 words
    • Article
      Lock icon History not on batched tender’s side
      1732 4  -  As in the 90s, they don’t ease land prices, but may still be useful COMMENTARY By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] THERE has been much talk of late about batched tenders the simultaneous closing of state land tenders for more than one site and how
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    • Article, Illustration
      Lock icon Abenomics in jeopardy as consumer sentiment slumps
      755 4  -  By ANTHONY ROWLEY in Tokyo THE threat of Japanese Prime Minister Shinzo Abe’s growth-boosting economic policies, known as Abenomics, foundering in the face of a scheduled national consumption tax hike loomed larger yesterday, with a Bank of Japan (BOJ) survey revealing deteriorating consumer
      PHOTO: REUTERS  -  755 words
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      163 2 www.mavenalliance.biz Maven Alliance is proud to present the following workshop: Understanding Implementing Securities Futures Act Regulations By Mr Tan Sin Liang 11 12 February 2014 The SFA and its rules and regulations are one of the most complex laws governing the securities futures industries. The myriad of rules and regulations
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      212 4 Invitation to About OMNI The WSQ Operations Management Innovation (OMNI) Programme was launched on 3rd August, 2010 by Mr Lee Yi Shyan, Senior Minister of State, Ministry of Trade and Industry and Ministry of National Development. This programme is jointly organised by The Workforce Development Authority (WDA) and SIMTech. OMNI
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  • COMPANY NEWS
    • Article
      Lock icon FCL debut confirms F&N’s conglomerate discount
      559 5  -  Demerged property group closes at $1.485 after starting out at $1.61 By KENNETH LIM kenlim@sph.com.sg FRASERS Centrepoint (FCL) has proven that the old Fraser and Neave (F&N) had indeed been trading under a conglomerate discount, as the demerged real estate group made its listing
      559 words
    • Article, Illustration
      Lock icon SingHaiyi makes S’pore commercial property debut
      646 5  -  It buys 20% of TripleOne Somerset for $66m, becomes No 2 shareholder Reports by CAI HAOXIANG haoxiang@sph.com.sg FAST-GROWING Catal-ist-listed developer SingHaiyi Group yesterday revealed that it has made its first commercial property foray in Singapore, though its eyes remain on the far larger US
      PHOTO: YEN MENG JIIN  -  646 words
    • Article
      Lock icon New owner of TripleOne Somerset planning $150m makeover
      258 5 Works include increasing retail offerings, improving office towers A CONSORTIUM led by retail mall veteran Pua Seck Guan is planning to spend $150 million to spruce up TripleOne Somerset, the Orchard Road commercial property it bought for $970 million last month. Enhancement
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    • Article
      Lock icon CCM Group restructures board, reviews core businesses
      498 5  -  By JACQUELYN CHEOK jaccheok@sph.com.sg CATALIST-LISTED CCM Group yesterday announced a board and management restructuring, issued a profit warning for FY2013, and said it was diversifying into property development in Australia. The construction company said executive directors Chan Pui Yee and Chan Tien Chih,
      498 words
    • Article
      Lock icon DBS taps IBM system to handle big data
      519 5  -  Watson to be rolled out to relationship managers by end ‘14 By AMIT ROY CHOUDHURY amit@sph.com.sg IN a move to boost its wealth management business, DBS Bank yesterday announced plans to deploy IBM’s cognitive computing technology Watson. This is a cloud-based application
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    • Article
      Lock icon SPH Reit reports DPU of 1.86 cents
      484 7  -  Distributable income of $46.5m is 1.9% higher than forecast at IPO launch By MICHELLE QUAH michquah@sph.com.sg IN its first earnings report since its listing, SPH Reit the real estate investment trust sponsored by Singapore Press Holdings (SPH) –has announced income available for distribution
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    • COMPANY BRIEFS
      • Article
        Lock icon Nationale Suisse sets up here
        55 7 SWISS insurance group Nationale Suisse known for its expertise in the areas of engineering, transport and art has been granted a licence to offer insurance plans and set up an office in Singapore. The group said this would allow it to underwrite more primary insurance
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      • Article
        Lock icon Ramba-Defu Furniture spat ends
        54 7 A WHOLLY-OWNED subsidiary of Ramba Energy has been ordered by the High Court to pay Defu Furniture $0.5 million, after the furniture company brought a $1.3 million claim against Ramba in 2011 for rescinding on a letter of offer relating to a five-year lease for premises
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      • Article
        Lock icon GLP unveils new China lease deals
        42 7 GLOBAL Logistic Properties (GLP) has announced eight new lease agreements totalling 110,000 square metres across China. Over 70 per cent of the newly leased areas went to six third-party logistics providers, including repeat customer Deppon Logistics.
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      • Article
        Lock icon Hiap Hoe-Starwood strike deal
        57 7 PROPERTY developer Hiap Hoe yesterday said that it has signed a letter of intent with Starwood Asia Pacific Hotels Resorts to discuss the supervision, direction and control of the hotels that will be developed on the sites of its Melbourne acquisitions last year. The sites are
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    • Article
      Lock icon Wing Hang buy would spell higher risks for OCBC: Fitch
      619 7  -  Exposure to Greater China would rise to 25% of total loans By SIOW LI SEN lisen@sph.com.sg OCBC Bank’s bid for Wing Hang Bank in Hong Kong will raise its risk profile as the Singapore bank seeks to increase its overseas
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    • Article, Illustration
      Lock icon Jaya shares up 12% at 5-year high, prompting takeover talk
      404 8  -  Company not aware of any new info that might explain surge By LISA LEE lisalcc@sph.com.sg THE shares of offshore and marine group Jaya Holdings rose a sharp 12.3 per cent to close at 82 cents in active trading yesterday, prompting
      Source: Bloomberg  -  404 words
    • Article
      Lock icon ST Aerospace lands $780m of new orders
      320 8  -  They include its first deal to convert 5 Boeing 757-200SF for cargo use By NISHA RAMCHANDANI nishar@sph.com.sg ST Aerospace, an arm of ST Engineering, landed new orders totalling $780 million in the fourth quarter of 2013. This includes its first contract for the
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    • Article
      Lock icon OUE C-Reit units said to be priced at 80 cents each
      334 8  -  Yield compares favourably against that of market peers: analysts By ONG CHOR HAO ongch@sph.com.sg UNITS of OUE Commercial Real Estate Investment Trust (OUE C-Reit) are said to have been priced at 80 cents each, representing a dividend yield of
      334 words
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      77 5 33 5 th ANNIVERSARY EVENING SALE MODERN AND CONTEMPORARY ASIAN ART auction FRIDAY 17 JAN 2014 7:30PM s% °8%‘" n: /A Basoeki (The Beauty of Nature) Self-Portrait) Wu Guanzhong (Landscape) A i i!B A rL min S!i u •r 1 y r ~r7fr !j. [Rouge Sha Public Viewing 15-16Jan2014 11am-8pm
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      59 5 IRRESISTIBLE DINING SET OFFER N01 GENTING LANE #02-00! Best Deal from $1700. Hurry! Prices for ex-stock only! o,0 «r>V V 6 a 50% OFF DIO 36" x 36" x 31 (1 set/5's) Rosewood Dining with Mother of Pearl 94 x 40" x 30 (1 set/9's) ITT Table Lamp up to
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wall Street loss spills over, STI down
      540 6  -  Turnover still dismal, penny stocks hog limelight again with 90% of top actives priced under 20¢ STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE Straits Times Index yesterday fell 5.24 points to 3,145.41, supposedly in response to an overnight loss on Wall Street but
      Source: Bloomberg  -  540 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      76 6 Jan 9 VALUE CLOSE BT OB/OS 145.00-202.00 BT CADI -*****.00 -90.00 BT 10-day MA -*****.00 +14.00 FTSE ST Mid Cap 719.59 -2.13 FTSE ST Small Cap 545.91 -1.13 FTSE ST All Share 764.37 -1.47 FTSE ST China Top 200.90 +0.02 FTSE ST China 228.76 +1.05 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 5 0 0 0 4 5 5 Manufacturing 42 52 38 7 6 13 49 58 51 Commerce 17 28 21 3 6 4 20 34 25 Tpt/Stor/Comms 8 15 15
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,902 28,902 52,472 52,472 Manufacturing 437,063 101,800 538,863 125,896 3,290 129,186 Commerce 254,964 288,930 543,894 58,996 34,172 93,168 Tpt/Stor/Comms 78,886 1,655 80,541 119,245 195 119,441 Finance 50,374 17 50,391 199,533 6 199,538 Construction 94,842 298,624
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      117 6 Stock name Close Change CapMallsAsia 1.935 -0.005 CapitaLand 2.970 -0.010 CapitaMall 1.860 -0.020 CityDev 9.500 +0.020 ComfortDelGro 1.995 -0.035 DBS Grp 17.340 -0.030 GLP 2.930 +0.040 Genting SP 1.500 +0.015 Golden Agri 0.530 -0.015 HK Land 6.160 +0.080 HPH Trust US$ 0.675 -0.005 JMH 53.850 +0.190
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Del Monte Pacific
        348 6 Jan 9 close: $0.635 Maybank Kim Eng Research, Jan 9 DEL Monte Pacific’s (DMPL) share price has corrected sharply by 25 per cent in the past two months after the company announced a US$1.675 billion deal to acquire the consumer business of Del Monte Foods (DMF). We
        Source: Bloomberg  -  348 words
      • Article, Illustration
        Lock icon Tiger Airways
        567 6  -  Compiled by Teh Shi Ning Tiger Airways Jan 9 close: $0.50 CIMB Research, Jan 8 IN our Jan 6 report, we had hoped that Tiger Airways (TGR) would get at least S$12.5 million for its 40 per cent stake in Tigerair Philippines (TAP). However, the agreement with CEB
        Source: Bloomberg  -  567 words
    • Article, Illustration
      Lock icon Upbeat data no help with A$, NZ$ down
      540 6 CURRENCIES Reuters [SYDNEY] The Australian and New Zealand dollars struggled for traction yesterday after data in China and at home failed to excite the market ahead of key offshore events in Europe and the United States. The Aussie was down at US$0.8879,
      Reuters; PHOTO: BLOOMBERG  -  540 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Armarda 255,720,000 Charisma Energy 242,167,000 HanKore 132,857,000 Vallianz Hldgs 117,211,000 Transcu Grp 104,070,000 Albedo 103,409,000 Sunmoon 81,454,000 Otto Marine 79,520,000 W Corp 73,342,000 Golden Agri 69,591,000 VALUE($) OCBC Bk 75,434,836 DBS Grp 65,102,940 SingTel 49,314,390 UOB 47,258,960 Golden Agri 37,231,965 Yangzijiang 32,861,436 Keppel Corp 28,808,540 GLP
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    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP DBXT iBoxxSing 5SG$ ***** 52.0 0.4 DBXT MSKorea 10US$ 6092 50.9 0.7 DBXT FTVietnam 10US$ 2511 28.0 0.9 JMH 5385 24.2 0.4 Great Eastern 1780 16.0 0.9 GLD 10US$ ***** 14.0 0.1 Lyxor Nasdaq100 10US 1430 11.4 0.6 HK Land 616 10.2 1.3 Jaya Hldgs
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBS Bk 4.7% NCPS 100 ***** -44.0 -0.4 JSH 3290 -38.1 -0.9 DBXT MSMSIA 10US$ 1495 -34.3 -1.8 Lyxor Russia 10US$ 398 -22.9 -4.3 DairyFarm 936 -20.3 -1.7 DBXT FTChina25 10US$ 2844 -19.1 -0.5 Lyxor EasternEurope1 487 -19.1 -3.0 Lyxor Europe 10 US$ 1519 -19.1
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      187 7 f tJtSiXC ’KSftwisj P*At*' 'St J»* i k<k A 'H u •’S -X *r V: #s« 9! 525 Auspicious Treasures of Prosperity 14 January to 14 February 2014 Lunar New Year Set Menus from $78++ per person Dine in early from 14 to 23 January 2014 and usher in a
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      1983 8 f I 1 Toll free 1800-289-8822 I I I m 1 Email notices@sph.com.sg M B B j B il www.cats.com.sg/notices r m AMPLEFIELD LIMITED (Incorporated in the Republic of Singapore) Company Registration No.: *****0188N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of Amplefield
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      386 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LITTLEWOODS INTERNATIONAL (ASIA) PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****4793C) NOTICE OF MEMBER’S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon HDB median value down for first time since Q4 ’09
      704 9  -  Resale flat prices fell 0.5% q-o-q in Q4, shows SRX data; COV dip continues By ONG CHOR HAO ongch@sph.com.sg THE median price for a Housing and Development Board (HDB) flat has dipped for the first time in four years, according
      Source: SRX  -  704 words
    • Article, Illustration
      Lock icon Sharma retiring at end-April from Citi after 38 years
      345 9  -  By SIOW LI SEN lisen@sph.com.sg DEEPAK Sharma, chairman of Citi Private Bank since 2009, will retire at the end of April after 38 years with the US bank. Singapore-based Mr Sharma, who turns 60 in April, began his career in 1976
      345 words
    • Article
      Lock icon Gaming experts say it’s tough to curb remote gambling
      652 9  -  By GRACE LEONG gleong@sph.com.sg EVEN as Singapore grapples with how best to restrict remote gambling, it has to contend with the likelihood that it will be unable to deter gamblers from looking offshore for their fix, say gaming consultants. Joel Keeble
      652 words
    • Article
      Lock icon Extend productivity credit scheme: E&Y
      441 9  -  BUDGET 2014 By MALMINDERJIT SINGH msingh@sph.com.sg THE budget this year needs to focus on encouraging companies to increase productivity and also on fine-tuning Singapore’s tax policies, professional service firm Ernst Young (E&Y) said yesterday. Chung-Sim Siew Moon, head of tax services at E&Y, explained that
      441 words
    • Article, Illustration
      Lock icon Two arrested for kidnapping mother of Sheng Siong CEO
      434 9  -  Ransom of $20m initially sought, later negotiated to $2m By MALMINDERJIT SINGH msingh@sph.com.sg THE police have arrested two Singaporeans accused of kidnapping the mother of Lim Hock Chee, CEO of supermarket chain Sheng Siong. A 41-year-old man was arrested at Ang
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    • Article
      Lock icon Train service reliability higher last year
      396 9  -  By SAMUEL EE samuelee@sph.com.sg TRAIN service reliability improved in 2013, says the Land Transport Authority (LTA), thanks to new technology introduced and the upgrading of rail infrastructure. With the implementation of targeted measures by the LTA-SMRT and LTA-SBS Transit Joint Teams, the number of
      396 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Analysts see 4.8-5% growth in Malaysia’s Q4 GDP
      573 10  -  Manufacturing is back, with sector rising 4.1% in Nov after 3.3% in Oct By S JAYASANKARAN in Kuala Lumpur AT least two research houses have predicted that Malaysia’s gross domestic product (GDP) is likely to have grown by between 4.8 and 5
      PHOTO: REUTERS  -  573 words
    • Article
      Lock icon Indonesia central bank maintains 7.5% interest rate
      420 10 Pause in tightening extended as inflation held steady Bloomberg [JAKARTA] Indonesia has kept interest rates unchanged for a second straight meeting, extending a pause in monetary tightening as inflation held steady and imports fell. The central bank maintained the reference rate at 7.5
      Bloomberg  -  420 words
    • Article, Illustration
      Lock icon Digital TV deal for Syed Mokhtar raises concern
      549 10  -  By in PAULINE NG in Kuala Lumpur THE Malaysian government awarding tycoon Syed Mokhtar Al-Bukhary a billion-ringgit digital television broadcast service contract this week has raised eyebrows, given concerns over the mounting debts of his business empire. On Wednesday, the Malaysian Communications
      549 words
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      1703 10 W [SATO NOTICES > < THIS NOTICE OF ANNUAL GENERAL MEETING SUPERSEDES AND REPLACES THE VERSION SET OUT ON PAGES 217 TO 221 OF THE ANNUAL REPORT 2013 FRASER AND NEAVE, LIMITED (Company Registration No. *****0001R) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING Date Monday, 27 January 2014 Place
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      2463 11 FRASER AND NEAVE, LIMITED (Incorporated in Singapore) (Company Registration No. *****0001R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Fraser and Neave, Limited (the “Company”) will be held at Level 2, Alexandra Point, 438 Alexandra Road, Singapore *****8 on 27 January 2014
      2,463 words
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      2749 11 K I }a KEONG HONG HOLDINGS LIMITED Company Reg. No.: *****7303W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Sixth Annual General Meeting (“AGM") of Keong Hong Holdings Limited (the "Company") will be held at Jurong Country Club, Albizia Room, Level
      2,749 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Fast-food chains riding the middle-class wave in India
      798 12 Spending power on the rise as more women join workforce NYT [NEW DELHI] India has long had a reputation of being unfriendly to foreign businesses. But when it comes to fast food, international chains are being warmly welcomed by a young, upwardly
      NYT; BLOOMBERG FILE PHOTO  -  798 words
    • Article
      Lock icon China outbound tourists hit 97m
      228 12 AFP [BEIJING] Nearly 100 million Chinese tourists visited foreign countries last year, and they are likely to extend their lead as the world’s biggest-spending travellers, state media reported yesterday. A total of 97 million Chinese tourists left the country in 2013, up 14 million from
      AFP  -  228 words
    • Article
      Lock icon Beijing imposes new controls targeting shadow-lending sector
      267 12 Bloomberg [BEIJING] China’s banking regulator has told lenders to publish data including off-balance-sheet assets and interbank liabilities as the government steps up scrutiny of the shadow-finance industry. Lenders with total assets of 1.6 trillion yuan (S$335.91 billion) or more must publish 12 indicators
      Bloomberg  -  267 words
    • Article, Illustration
      Lock icon Icebreaker shines spotlight on China’s polar ambitions
      625 12 Country is playing a long game in polar exploration AFP [BEIJING] A Chinese research vessel’s escape from pack ice after evacuating 52 people from a Russian ship trapped in Antarctica has shone a spotlight on the Asian power’s growing polar ambitions at both
      AFP; PHOTO: AFP  -  625 words
    • Article
      Lock icon China sets new world record with 22m cars sold in a year
      698 12 Bloomberg [BEIJING] China became the first country in which more than 20 million vehicles were sold in any given year as Toyota Motor Corp to General Motors Co (GM) and Volkswagen AG (VW) delivered a record number of
      Bloomberg  -  698 words
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      124 12 Myanmar O Civil Aviation Development Conference 2014 24 26 March 20 1 4 I Yangon, Myanmar Group booking is available too! Enjoy up to 20% discount* if you sign up in groups of 3 or 6. Terms and conditions apply To register, visit www.mcadc.sphereconferences.com or contact Jiahui at jiahui@sphereconferences.com or
      124 words
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      307 13 LOST SHARE CERTIFICATE The following share certificate has been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Neptune Orient Lines *****83 Lam Sook Leong 1,000 Limited NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date hereof no claims
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      3276 13 MARCO POLO MARINE LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0073Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held at Emerald Suite Level II, Orchid Country Club, 1 Orchid Club Road, Singapore *****2 on
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  • WORLD
    • Article
      Lock icon US giants seen adding to last year’s record US$2t capex
      1005 14 Rebound in demand spurs CEOs to buy new machinery, invest in real estate Bloomberg [MONTERRY] US companies including Ford Motor Co and Microsoft Corp are poised to boost business investment to a record in 2014, using a growing cash hoard
      Bloomberg  -  1,005 words
    • Article, Illustration
      Lock icon F&B companies slash calories in US obesity fight
      737 14 Reuters [NEW YORK] A voluntary effort by the world’s largest food and beverage (F&B) companies to remove billions of calories from the products they sell in the United States to help combat the nation’s obesity epidemic has far exceeded its five-year goal,
      Reuters; PHOTOS: BLOOMBERG  -  737 words
    • Article
      Lock icon ‘Too big to fail’ label for over US$100b funds
      359 14 Also likely are extra rules for US$400bUS$600b funds: FSB Bloomberg [LONDON] Investment funds that manage more than US$100 billion in assets may be labelled too big to fail, global regulators said, as they seek to expand financial safeguards beyond banks and
      Bloomberg  -  359 words
    • Article
      Lock icon Young Americans face dim future: lobbyist
      599 14 Chamber of Commerce chief wants curbs on health, pension plans Reu ters [WASHINGTON] The top lobbyist in Washington for American business warned in unusually stark terms on Wednesday that younger Americans will face diminished economic prospects in coming years unless the United States reins
      Reuters  -  599 words
    • Article
      Lock icon 3D printing steals show at US consumer fair
      494 14 AFP [LAS VEGAS] A 3D printing trend playing out at the Consumer Electronics Show bodes a future in which shoes, eyeglass frames, toys and more are printed at home as easily as documents. Music star will.i.am even made a debut here as
      AFP  -  494 words
    • Article, Illustration
      Lock icon Toymakers target ‘kidults’ at HK fair
      803 15 AFP [HONG KONG] Never mind girls and boys adults who refuse to grow up are being increasingly targeted by a toy industry promoting adolescence as a lifestyle choice, say industry watchers. Among the “SmartTech” toys at this week’s Hong Kong Toys Games Fair one
      AFP; PHOTO: AFP  -  803 words
    • Article
      Lock icon Japan widens frozen food probe as 1,400 fall sick
      381 15 AFP [TOKYO] A probe into pesti-cide-laced frozen food in Japan has widened, with police interviewing factory workers assigned to a packaging room, reports said yesterday, as the number who have fallen sick reportedly topped 1,400. The country’s consumer affairs minister has
      AFP  -  381 words
    • Article
      Lock icon Australians spending more as rates fall
      651 15 Retail sales and house building exceed expectations in November Reuters [SYDNEY] Australians have rediscovered the urge to spend as retail sales and house building blew past expectations in November, just the warming mixture needed to help offset a cooling mining boom. That is exactly
      Reuters  -  651 words
    • Article, Illustration
      Lock icon S Korean central bank leaves benchmark rate unchanged
      603 15 Bloomberg [SEOUL] The Bank of Korea (BOK) kept its benchmark interest rate unchanged for an eighth straight month, citing strength in Asia’s fourth-biggest economy even as a weak yen threatens some industries competing with Japanese companies. Governor Kim Choong-soo and his board
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    • Article
      Lock icon Canon to bring production home as yen continues slide
      459 15 Reuters [TOKYO] Japan’s Canon Inc, the world’s largest camera maker, is looking to ramp up capacity at home as it anticipates a further slide in the yen to make domestic manufacturing cheaper. Canon shifted camera and photocopier production abroad as the
      Reuters  -  459 words
    • Article
      Lock icon Small players gain on big rivals in M&A advice
      718 16 Independents and boutiques’ share of fees highest since tabs began in 2000 NYT [NEW YORK] The big investment banks, most notably Goldman Sachs and JPMorgan Chase, continue to take the majority of fees from advising on mergers and acquisitions. But boutique
      NYT  -  718 words
    • Article, Illustration
      Lock icon Race to recruit staff pitches ECB against major European banks
      1121 16 ECB in rush to hire 1,000 people by Nov to supervise lenders Bloomberg [FRANKFURT] The European Central Bank (ECB) is jostling for staff with Europe’s banks including HSBC Holdings and Deutsche Bank as it rushes to hire 1,000 people to
      Bloomberg; PHOTO: REUTERS  -  1,121 words
    • Article
      Lock icon IBM is betting on super computer Watson earning its keep
      449 16 NYT Bloomberg [NEW YORK] IBM wants to build a large and profitable business from what has mostly been a triumph of computing bragging rights, so it is giving Watson, its super computer, US$1 billion and a nice office. Watson is
      NYT; Bloomberg  -  449 words
    • Article
      Lock icon Credit Suisse targets ultra rich to turn around US private wealth business
      811 16 Reuters [NEW YORK] Credit Suisse Group AG is betting it can turn around its unprofitable US private wealth business with new loan products and a focus on the ultra rich, a strategy greeted with scepticism by some securities
      Reuters  -  811 words
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      Lock icon ECB chief strengthens pledge to keep rates low
      825 17 It is still premature to declare victory over eurozone’s debt crisis: Draghi Feb 12. Bloomberg, Reuters [FRANKFURT] Mario Draghi strengthened the European Central Bank’s pledge to keep interest rates low for as long as necessary as officials try to keep a recovery
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    • Article
      Lock icon Yellen sees stronger US growth in 2014: Time
      270 17 Bloomberg [WASHINGTON] Janet Yellen, confirmed this week by the US Senate to succeed Ben Bernanke as Federal Reserve chairman, said in an interview with Time magazine that the US economy will accelerate this year and more employment opportunities may follow. “I think
      Bloomberg  -  270 words
    • Article
      Lock icon Gold up in anticipation of growing demand
      381 17 It has rebounded 5.6% to a 3-week high this year Bloomberg [MELBOURNE] Gold rose for the first time in four days in New York yesterday on speculation lower prices are boosting physical demand. While gold tumbled 28 per cent last year, the most
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    • BRIEFING
      • Article
        Lock icon Moody’s downgrades Qantas to ‘junk’ status
        108 17 AFP [SYDNEY] Embattled Australian carrier Qantas faces a further increase in its borrowing costs after Moody’s downgraded its credit rating to “junk” status yesterday, just weeks after Standard and Poor’s took the same action. Moody’s cited “a sharp deterioration in the company’s core domestic
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      • Article
        Lock icon US Dec planned layoffs plunge to lowest since 2000
        107 17 Reuters [NEW YORK] The number of planned layoffs at US firms plunged by 32 per cent in December to the lowest monthly total in more than 13 years, a report showed yesterday. Employers announced 30,623 layoffs last month, down from 45,314
        Reuters  -  107 words
      • Article
        Lock icon StanChart finance director to exit after restructuring
        88 17 Reuters [LONDON] Standard Chartered has announced the surprise departure of its finance director Richard Meddings, saying he would leave the Asia-focused bank as part of a restructuring. Mr Meddings, who will step down from the board by the end of June, had been
        Reuters  -  88 words
      • Article
        Lock icon ECB gives thumbs up to woman on executive board
        101 17 AFP [FRANKFURT] The European Central Bank yesterday gave the green light to the appointment of a woman to its all-male executive board. Earlier this week, the Council of EU member states named Germany’s Sabine Lautenschlaeger to the ECB’s executive board, replacing
        AFP  -  101 words
      • Article
        Lock icon Porsche eyes record sales in 2014, helped by new Macan SUV
        88 17 Reuters [BERLIN] Germany’s Porsche aims to increase sales of sports cars and sport utility vehicles to another record this year after global deliveries hit an all-time high in 2013. Deliveries of models including the iconic 911 and top-selling Cayenne
        Reuters  -  88 words
    • Article
      Lock icon Fed officials focus on falling gains from bond buying
      597 17 Bloomberg [WASHINGTON] Federal Reserve officials saw declining economic gains from the central bank’s asset purchases and voiced concern about future risks to financial stability during their last meeting, when they started tapering bond buying. “A majority of participants judged that the
      Bloomberg  -  597 words
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      88 17 Pfr o CM coyaocoar> n a a »*V it Hotel Solutions, Food Beverage and Travel Trade Show 17-19 February 2014 Myanmar Convention Centre,Yangon www.mhft.sphereconferences.com f'(l ikjLAST CALL TO EXHIBIT! The most comprehensive showcase of hotel and F&B solutions, technologies and innovations in Myanmar BE PART OF IT! Pood Beverage Show
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      39 17 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 TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327)
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  • EDITORIAL & OPINION
    • Article
      Lock icon Boosting quality and reducing inequality
      488 18 EDITORIAL FOR some time now the labour movement in Singapore has been promoting, in lieu of a minimum wage system, a “progressive wage model” aimed at improving the lot of low-wage earners. The government has now taken the efforts a big step further in legislating
      488 words
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      Lock icon Taking a long-term (past) view of the markets
      865 18  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent THE New Year is a time for pundits to indulge in predictions of what is likely to happen to stocks and bonds over the coming year. But few look to the really long-term past as
      865 words
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      Lock icon When a decision requires an excessive self-belief
      1121 18  -  Business leaders need to understand the complexity behind strategic decision-making By PHIL ROSENZWEIG The writer is professor of strategy and international development at IMD. This is an edited extract from ‘What Makes Strategic Decisions Different’, which was published in Harvard Business Review. DECISIONS
      PHOTO: REUTERS  -  1,121 words
    • Article, Illustration
      Lock icon India growth story very much alive
      1260 19  -  Indian consumers are opening up their wallets, making investments lucrative for foreign companies By NEETA LAL in New Delhi ESPITE continued scepticism about the country’s business environment, its policy gridlock and entrenched corruption, a growing number of foreign investors are betting big on the
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    • Article, Illustration
      Lock icon Raising wages and creating ‘garment cities’ in Cambodia
      1061 19  -  By HARISH MEHTA The author, a former BT senior Indochina correspondent, is a historian who has taught at Canadian universities and has written books on Cambodia. THE Cambodian economy risks a marked slowdown if the current showdown between garment factory owners and
      PHOTO: AFP  -  1,061 words
    • Article
      Lock icon ‘Selling’ the idea to a client and not getting paid for it
      855 19  -  By MARK LAUDI The writer is the founder of PitchMark ANYBODY who has ever had a great idea and tried to sell it can relate to this scenario: You have a stroke of genius. You write it down
      855 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Asia-Pac airfreight volumes up 4.9% in November
      351 20  -  By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Asia-Pacific carriers reported a 4.9 per cent rise year on year in freight volumes in November last year, after a fairly lacklustre performance in the months before. The region, which accounts for some 40 per cent of the
      351 words
    • Article, Illustration
      Lock icon SilkAir poised to fly high with an all-Boeing fleet
      812 20  -  Delivery of first 737-800 due early next month; new planes to add 8% more seat capacity By NISHA RAMCHANDANI [SINGAPORE] Singapore Airlines’ (SIA) regional wing SilkAir, which takes delivery of its first Boeing 737-800 early next month, will expand capacity at
      812 words
    • Article
      Lock icon SIA picks A320 over Boeing 737 for Indian JV
      466 20 Tata SIA Airlines to get up to 20 Airbuses worth US$1.83b: sources Reuters AFP [SINGAPORE] Singapore Airlines (SIA) has chosen Airbus’s A320 to launch its new Indian joint venture with Tata Sons, scoring a victory over rival Boeing as the airline
      Reuters; AFP  -  466 words
    • Article
      Lock icon TRANSPORT STOCKS
      247 20 SGX '000 Jan 09 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.27 unch 14 Cosco Corp 0.75 0.01 2443 Cwt Limited 1.34 -0.01 62 Ezra Hldgs 1.38 unch ***** First Ship Lea Grand Banks...............0.22 -0.01 71 Jaya Hold Ltd 0.82 0.09 8913 K1Ventures 0.19 unch 969 Keppel
      247 words
    • Article
      Lock icon Oil-tanker recovery trails market with US export ban
      989 20 Bloomberg [NEW YORK] The recovery propelling shipping markets is poised to leave crude-oil tankers behind, unless the US changes its 39-year-old ban on most unrefined exports. Sea shipments of refined fuels are set to expand the fastest since 2010 and demand to
      Bloomberg  -  989 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Eminent Plaza/Lavender Food Sq to be redeveloped
      565 21  -  Tong Eng’s 2 associates plan 16-storey project with office and retail units on the site By KALPANA RASHIWALA kalpana@sph.com.sg TWO associated companies of Tong Eng Group will be tearing down Eminent Plaza and the next-door Lavender Food Square later this year and redeveloping
      565 words
    • Article, Illustration
      Lock icon London still a draw for property investors here
      494 21  -  3 in 4 polled by Colliers plan to buy in next 6 months By MINDY TAN tanmindy@sph.com.sg DESPITE most respondents feeling neutral about the current economic situation, an overwhelming 75 per cent of investors surveyed by Colliers International have said that they
      PHOTO: BLOOMBERG  -  494 words
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      515 21 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WATS D04 HOUSE FOR SALE OCEAN DRIVE Seafront living Bunglw. A&A 2012 Worth $5.6m 2sty+ basement, 5 bdrm+ dining+ 2 maid rms gym, pool. Land 9580/ *****sf. Ronald *****055 D04 HOUSE FOR SALE SENTOSA Bunglw 3½ Storey 8159 sqft,6+1 ensuite, 2 living,
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      Lock icon Page 21 Advertisements Column 2
      130 21 D09 APARTMENT FOR SALE UE SQUARE D9 UE Sq. Rare! 1119 sf, 929 years, quiet, balcony adjoins garden pool. Svc apts, hotel, offices, retail. 9752 6884 D10 APARTMENT FOR SALE ARDMORE PARK 15 Ardmore Park. 2885 sf, 4+1. High floor. Best Stack. Rare! Pool view. $10.3M. Tenanted. Hurry! Lynn 9297
      130 words
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      275 22 D10 APARTMENT FOR SALE TANGLIN PARK Freehold. 4+1 bdrms. Approx 1980 sf. Quiet facing. Greenery. Large grounds. Full facilities. Price neg. Also For Rent. Call TKE 6251 7387 D11 21 APARTMENT FOR SALE THE HILLFORD 1st Retirement Resort 24-hour concierge Mins to MRT. Buyers: No age restriction! 1-rm fr $3xxK
      275 words
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      Lock icon Page 22 Advertisements Column 2
      136 22 D11 21 APARTMENT FOR SALE THEHILLFORD Price from $3xxK!! Near Amenities future MRT! Call now to Register for showflat viewing! D11 21 APARTMENT FOR SALE THE HILLFORD Residential and Limited Non-Residential units for Sale. Near Beauty World MRT. Price from $388K! D11 21 APARTMENT FOR SALE THEHILLFORD Retirement Resort near
      136 words
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      121 22 D11 21 APARTMENT FOR SALE THE HILLFORD Singapore’s 1st Retirement Resort 24-hr concierge Elder friendly facilities. Price from $3xxK+! D11 21 APARTMENT FOR SALE THE HILLFORD Singapore’s 1st Retirement Resort. Price starts from $3xxK! Expression of interest started! D11 21 APARTMENT FOR SALE THE HILLFORD Singapore’s 1st Retirement Resort. Superb
      121 words
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      Lock icon Page 22 Advertisements Column 4
      160 22 D11 21 APARTMENT FOR SALE THE HILLFORD The First Retirement Village in Singapore. 1rm is fr $3xxK 2rm is fr $4xxK/ 2Dualkey is fr $6xxK Last this wkend. Non-res $2xxxpsf Olivia lim *****261 D11 21 APARTMENT FOR SALE THE HILLFORD Wow! High Yield! 1st Retirement Resort Hillford. Res Commercial/ Medical/
      160 words
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      Lock icon Page 22 Advertisements Column 5
      141 22 D20 APARTMENT FOR SALE THE PANORAMA Lifestyle Living. Quality finishing. Star buy unit!! Good investment yield. Dont miss! Call now! Angelia 9879 6488 D20 APARTMENT FOR SALE THE PANORAMA Luxurious condo with reservoir view. CHIJ/ UNI/ MRT Good Quality Finishes! Good Rental Yield! VVIP Preview, 1-bedroom From $670K. D20 APARTMENT
      141 words
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      256 23 D20 APARTMENT FOR SALE THE PANORAMA The Panorama. From $6XXK. Beside St Nicholas Girls’. Walk to future MRT. 1/2 /3/4/5 bedrooms. Quality finishes. propertyxchange.com.sg D20 APARTMENT FOR SALE THE PANORAMA Walking distance Mayflower MRT. Star Buy units. Reputable Developer. Reservoir View. Serenity Living. D20 APARTMENT FOR SALE THE PANORAMA Walking
      256 words
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      Lock icon Page 23 Advertisements Column 2
      310 23 D10 HOUSE FOR RENT DUCHESS ROAD D10 Duchess road, new built bungalow. Pool 7+1 Terraces, ramp. Quiet. Easy access. MRT 2016. Amenities. 9752 6884 D10 HOUSE FOR RENT HOLLAND GROVE Modern 3-storey Detached. 5+1-rms. $20K neg. 4800/5800sqft. Lap pool. Mrt/Pk. 8100 0086 Ben D10 HOUSE FOR RENT SIXTH AVENUE 2
      310 words
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      Lock icon Page 23 Advertisements Column 3
      223 23 D17 HOUSE FOR RENT 27A TOH AVENUE Semi-D Newly rebuilt 3500/ 5000 sqft. 2storey attic. 5+1 bedrooms pool. Available Immediate. Call 9863 5635/ 9727 2996 D10 APARTMENT FOR RENT D’DALVEY $4K only! 3-bdrms. Beautiful. Well maintained. Pool,gym. Near Orchard Rd. Grab it! Jen *****261 D11 21 APARTMENT FOR RENT MAYFAIR
      223 words
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      Lock icon Page 23 Advertisements Column 4
      370 23 D11 21 SHOP FOR SALE COMMERCIAL SPACE D19 2460sf neg $2.3M/ D14 1800sf, neg $2.8M D14 1700sf, neg $2.2M/ D21 Medical Clinic, $1.7M/ D21 Childcare Centre, $5M/ D21 F&B Restn, $1.7M D11 21 SHOP FOR SALE THE HILLFORD 18 Non-Res and 281 Residential units. Price from $3xxK++. Mins walk to
      370 words
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      Lock icon Page 23 Advertisements Column 5
      275 23 D01 OFFICE FOR RENT SUNTEC TOWER 1 2300 sqft, low floor, can be sub-divided, available immediate, ask $7.50psf negotiable. George 9628 1628 D06 OFFICE FOR RENT THE CENTRAL CLARKE QUAY CBD area above Clarke Quay MRT. Restaurant, Full Gym,s/pool. 614 sf. Full commission to agents. Call Owner at 9773 3745
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  • Article
    Lock icon Shipping Times
    2347 24 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
    2,347 words
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      132 24 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
      132 words
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      Lock icon Page 24 Advertisements Column 2
      18 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      114 25 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development
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      Lock icon Page 25 Advertisements Column 2
      19 25 USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3001 26 Transaction date: Jan 9 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
      294 27 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
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10301 27 UNIT TRUST FUNDS > 3 Sff c-; > > ~c- s > t >c- > t- > e-»> »> c- > c> e-s>> s»>o '"■>»= iu:. ;u:. itfluiciti ttttiti 3 e 3B 3€sBa33S 8£B3 5 8 £33S 3£.a s 3 3 _l l -7 l l u;::i Him: -l_-.il -_l_l
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    • Article
      Lock icon GLOBALQUOTE
      249 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 52 35.5 Genting HK US$ US43.5 unch 1230 44 43 43 43.5 2864.3 Vol 318 191 TanChongInt HK301 -7 12 301 301 303 305 4.3 2.3
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    • Article
      Lock icon SGX ETF
      884 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122 108.3 ABF SG Bond ETF 113 5 113 113 112 113 515.8 143 124 CIMB APAC Div 100S$D 124 123.1 124 114.4 98.3 CIMB APAC
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      707 28 Jan 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.88 *****.56 *****.44 Mar14 *****.00 *****.00 *****.00 *****.00 *****0 *****1 Jun14 *****.00 *****.00 *****.00 *****.00 16 1842 MSCI TAIWAN INDEX FUTURES SPOT 297.92 298.51 296.35 Jan14 299.00 299.20 295.90 296.40 ***** *****4 Feb14 298.50
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 8 Index Change Change Change Change Change Change World Preliminary 1181.8 0.2 -0.2 0.1 0.0 0.2 -0.6 EAFE Preliminary 957.5 0.4 0.1 0.3 0.0 0.4 -0.7 Europe Preliminary 1358.6 0.0 0.3
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Jan 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.962 5.375 0.653 6.884 55.063 108.394 0.932 9.436 2.908 1.074 93.618 39.656 1.129 9.575 0.807 26.749 29.305 0.539 0.888 Canada 1.040 5.590
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    • Article
      Lock icon SIBOR
      34 28 Jan 9 (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
      86 28 Jan 9 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-16 101.54 5-Year N*****0T 0.5 01-Apr-18 97.37 97.47 97.35 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      138 28 Jan 09 GOLD(US$/oz) Jan 09 Jan 08 Hong Kong 1233.00 1232.00 Jan 08 Jan 07 London 1222.71 1226.70 1223.48 1227.40 Source: Thomson Reuters CAST BAR Jan 09 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 113 50 5gm 321 251 10gm 573 501
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    • Article
      Lock icon PALM OIL
      59 28 Jan 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2490.0 2517.0 2490.0 2480.0 46 843 Feb 14 2534.0 2529.0 2538.0 2499.0 4593 ***** Mar 14 2553.0 2547.0 2555.0 2516.0 ***** ***** Apr 14 2560.0 2556.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Jan 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1283 1.1291 0.8875 0.8880 Canadian dollar 1.1734 1.1743 0.9235 0.9230 Euro 1.7290 1.7295 1.3600 1.3602 NZ dollar 1.0502 1.0510 0.8261 0.8266 Sterling pound 2.0943 2.0949 1.6474 1.6476
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    • Article
      Lock icon CHICAGO BOT
      109 28 Jan 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1300.75 1299.50 1304.50 1292.25 Mar 14 1269.25 1276.00 1276.00 1266.50 May 14 1250.50 1258.75 1259.25 1248.75 Jul 14 1237.00 1247.50 1247.75 1234.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
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    • Article
      Lock icon LIFFE
      94 28 Jan 8 COCOA (£/tonne) Close Prev High Low Mar 14 1724 1712 1729 1706 May 14 1716 1704 1719 1700 Jul 14 1712 1701 1716 1697 Sep 14 1707 1696 1711 1692 COFFEE(US$/tonne) Close Prev High Low Jan 14 1725 1728 1720 1714 Mar 14 1712 1715 1715 1692
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1130 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 33 -1 40 0.0 5 -87 54 Asia-Pacific Strategic W*****6 0.4 1 123 221 96.25 4 Acma Ltd W*****7 1.1 unch 3636 1 4 46 3.18 30 Exer
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Jan 08 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.07 0.13 WTI (Near Mth) 92.49 -1.30 Dubai (1-Mth F) 103.76 0.30 Tapis blend 112.94 0.45 Minas 106.24 0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.33 0.30 Jet Kerosene 121.93 -0.09 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 28 Jan 9 S$ Bid Offer 1-month 1.2713 1.2715 2-months 1.2712 1.2714 3-months 1.2712 1.2714 6-months 1.2708 1.2711 Source: OCBC Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 28 Jan-08 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1730.25 1738.50 3 months 1777.00 1785.00 Copper, Grade A(US$/tonne) Cash 7355.50 7363.50 3 months 7344.50 7351.00 Lead(US$/tonne) Cash 2110.50 2127.25 3 months 2139.00 2156.50 Nickel (US$/tonne) Cash *****.00 *****.50 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 28 As at 9am Jan 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.159 1.104 Can dollar 1.198 1.152 Euro 1.768 1.684 Sterling pound 2.133 2.051 NZ dollar 1.076 1.035 US dollar 1.299 1.238 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 28 Jan 9 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 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 0.40 12
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      20 29 «S«9«M$S» mv sh iz.omy.sg UODCAST omy News iOS App Store Google Play J omy Showbiz IOS App Store Google Play
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  • Page 29 Miscellaneous
    • Miscellaneous
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      313 29 CRYPTIC CROSSWORD Across 1 Set down amount of medicine with record entered (6) 4 Personality outside church spoke affectedly (6) 8 Ace American full of zest offers patronage (8) 10 Outside American university observe Arab maybe (6) 11 Knocking back beer is a mistake (4) 12 Acknowledged God, sincere in
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  • executive lifestyle
    • Article, Illustration
      Lock icon Rough ride on the Man Code Eocpressway
      585 34  -  OFF THE CUFF Jaime Ee HAPPY New Year. Forgive the belated greeting, but after navigating the MCE to get to the ECP in the hope of exiting at the AYE to enter the CBD, I found myself hopelessly lost on the KPE, with
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    • QUIRKY BUSINESS
      • Article, Illustration
        Lock icon Get a surfer bod without going near the sea
        581 34  -  Creative entrepreneurship takes on new meaning as several individuals show how unconventional ideas can make solid business sense By GEOFFREY EU SURFSET SURF’S up in Singapore and you don’t even have to get wet. Today marks the local launch of Surfset,
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      • Article, Illustration
        Lock icon Keeping an eye on film education
        528 34  -  By DYLAN TAN dylantan@sph.com.sg www.filmiceye.com WHETHER it’s an all-action summer blockbuster or a slow-mov-ing arthouse flick, what’s on the big screen is always more than just a series of moving images to Eternality Tan. The avid movie buff, who has reviewed over 1,000 films
        PHOTO: YEN MENG JIIN  -  528 words
    • WINE
      • Article, Illustration
        Lock icon Silent, upon a peak in Darien
        1106 29  -  There are wines which do not need words, says N K YONG as he recalls some that left him speechless and wondering N K YONG I T happens rarely, but when it does, it stays in your memory for a long time. It is
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      • Around Town
        • Article, Illustration
          Lock icon Exhibitions
          200 29 > Currents by Zhang Chun Hong and Sweet Surrender by Sharmistha Ray: Kickstart the new year with not one but two solo exhibitions at Galerie Steph on Keppel Road next week. Currents: Flow, Fall, Calm, Curl is the first solo exhibition in Singapore by Chinese artist Zhang Chun Hong,
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        • Article
          Lock icon Concerts
          376 29 > Phoenix: Grammy award-winning alternative rock band Phoenix will perform in Singapore for the first time next week at The Star Theatre. The four-man band, which hails from Versailles, France, is made up of Thomas Mars, Deck d'Arcy, Laurent Brancowitz and Christian Mazzalai. They will perform hit songs from
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        • Article, Illustration
          Lock icon Photo opportunity
          221 29  -  PICK OF THE WEEK By RACHEL LOI rachloi@sph.com.sg CATCH Paris-based Japanese photographer Yuki Onodera’s first solo exhibition in Singapore, titled The Sanctuary of Topsy Turvy, at the 2902 Gallery next week. The exhibition showcases six series of photographs selected from over the course of the artist’s career, and
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    • ARTS
      • Article, Illustration
        Lock icon Designer who’s ‘a work in progress’
        517 30  -  Oscar-winning production designer Tim Yip’s interest lies in dabbling in various art forms, reports RACHEL LOI RACHEL LOI rachloi@sph.com.sg TIM Yip is best known as the Oscar-winning production designer for the 2000 wuxia film Crouching Tiger, Hidden Dragon. But he is equally well known
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      • Article, Illustration
        Lock icon Conveying the power of nature through paintings
        525 30  -  By RACHEL LOI rachloi@sph.com.sg AS a teenager growing up in a village near the Changbaishan mountains lining the border between China and North Korea, Liu Guo would take off for weeks at a time, getting lost in the woods and surviving on ants
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      • Article, Illustration
        Lock icon 19th-century drama in pitch-perfect Mandarin
        794 30  -  By CHEAH UI-HOON By uihoon@sph.com.sg IN this day and age when the democratic system is prized as the most ideal political system, a Norwegian playwright’s 19th-century drama of how the majority can be manipulated to vote for wrong provides a thought-provoking counterpoint. And ensemble theatre
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      • Article, Illustration
        Lock icon An excursion into nostalgia through personal memorabilia
        831 30  -  By CHEAH UI-HOON uihoon@sph.com.sg FOR about six months, artist Dawn Ng scoured vintage shops and the homes of friends and strangers all over Singapore, in her search for collectibles and gained an appreciation of people who collect and hoard. “The more I worked
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      • Art Stage: Faces to watch
        • Article, Illustration
          Lock icon Global following for genre-defying artist
          524 31  -  Singapore’s premier art fair Arts Stage opens next Thursday. A key highlight is its country platforms, featuring some of the hottest artists in the region. HELM I YUSOF checks out five of them. HELMI YUSOF helmi@sph.com.sg JANE LEE Singapore ASK collectors of Singapore art whose
          PHOTO: SUNDARAM TAGORE GALLERY  -  524 words
        • Article, Illustration
          Lock icon Subcultures collide on his canvas
          502 31 SAMUEL QUINTEROS Australia WHEN he was a teenager, Sydneyborn Samuel Quinteros frequently visited his father who was working in Japan. At first, he had no interest in Japanese culture and half-ignored what he saw. “But after several visits over the years,” he says, “something of
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        • Article, Illustration
          Lock icon The commonplace becomes comic
          379 31 CHUN KAI FENG Singapore ONE of the most keen-ly-watched young sculptors in Singapore is Chun Kai Feng. The 31-year-old draws inspiration from local symbols and objects, and creates sculptural works that reflect daily living in Singapore. Nothing To Wait For, for instance, is a humorous work
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        • Article, Illustration
          Lock icon Dressing up as a bug in Phnom Penh
          379 31 ANIDA YOUE ALI Cambodia AMONG the funniest artworks you’ll see at Art Stage are Anida Youe Ali’s wacky photographs of herself dressed as the “Buddhist Bug”. Ali is a Cambo-dia-born Muslim who once lived in the Buddhist-major-ity country but has since moved
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        • Article, Illustration
          Lock icon Geometric abstracts speak out loud
          333 31 MARIA TANIGUCHI The Philippines IF you approach a Maria Taniguchi painting from a distance, it may look like no more than a black canvas. But closer inspection reveals hundreds if not thousands of thin strips, running parallel or perpendicular to each other, each individually painted
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    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon Dizzying, no-holds-barred study of corruption
        633 32  -  The Wolf of Wall Street will offend some, perhaps inspire others, writes GEOFFREY EU Nothing succeeds like excess, as they say, and The Wolf of Wall Street is about as excessive as it gets. Director Martin Scorsese’s paean to a time (the decade between the
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      • Article, Illustration
        Lock icon When the four become the one
        512 32  -  +By DYLAN TAN dylantan@sph.com.sg WHEN A-Wei of Taiwanese band Lollipop F went to China to work on a film for seven months, he jokingly lamented that nobody in the group missed him at all. His revelation drew laughs from the other members of the
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      • Article, Illustration
        Lock icon Never too old for a Grudge Match
        490 32  -  By GEOFFREY EU GRUDGE Match is a lightweight story about two geriatric former boxers who get back into the ring 30 years after their last championship fight. The comedy is forced, although there is some traction to be derived from the fact that
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      • Article, Illustration
        Lock icon The Boss presents a beautiful curiosity piece
        772 32  -  By ALLISON STEWART WP FOR many Bruce Springsteen fans, the 2000s were a wilderness. It was Springsteen’s most prolific period five albums in seven years, and that’s not counting a raft of compilations and live releases. It also featured some of his least-memorable
        WP; PHOTO: AFP  -  772 words
    • COVER STORY
      • Article, Illustration
        Lock icon Greet and give a treat without moving an inch
        811 33  -  QUIRKY BUSINESSES By GEOFFREY EU www.glomp.it HERE’S something from the why-didn’t-I-think-of-that-before department: a digital platform that takes social connectivity to a new level by allowing people to give each other simple treats –such as coffee, cocktails or a nice dessert at
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      • Article, Illustration
        Lock icon Setting a ‘bench’ mark in jewellery-making
        410 33  -  By RACHEL LOI rachloi@sph.com.sg www.motherwasright.net JEWELLERY-MAKER Evelyn Hodowany has a motto to create unique jewellery that compels people to look twice. So far, most people have been doing just that with her latest collection titled The Park Bench. What they are attracted to are
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      • Article, Illustration
        Lock icon A whole new world when aquarium meets terrarium
        540 33  -  By RACHEL LOI rachloi@sph.com.sg ataraxy.bigcartel.com WHAT happens when you give a fish hobbyist a clear empty jar? He fills it with water and adds fish, of course. If he also loves plants, he adds flora from his garden and finishes off with
        PHOTOS: YEN MENG JIIN  -  540 words