The Business Times, 11 January 2014

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Microfilm: NL32957
Total Pages: 41
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JANUARY 11-12, 2014 S$1.00 MCI (P) 086/08/2013 MCI (P) 086/08/2013 A SINGAPORE PRESS HOLDINGS PUBLICATION
    22 words
  • Article
    Lock icon Efforts to close loopholes
    27 1 FINANCIAL CRIMES MONEY laundering and terrorist financing risks are low in Singapore due to strong laws and tough enforcement, the government says. 2
    27 words
  • Article
    Lock icon Fiat-Chrysler eyes listing
    38 1 EAST OR WEST? FIAT-CHRYSLER head Sergio Marchionne says he is looking for financing to boost the newly merged carmaking giant, and that it could list on the Hong Kong or New York stock exchanges. 3
    38 words
  • Article
    Lock icon Call to relax some rules
    33 1 PROPERTY CURBS THE government should relax some of its property cooling measures as demand for real estate wanes, a speaker says at the SCCCI-BT Business Outlook forum. 7
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  • Article
    Lock icon Orchard Road building up for sale
    32 1 PLUM SITES AN expression of interest has been launched, seeking buyers for the former OG building at 228 Orchard Road along with seven residential properties. 31
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  • Article, Illustration
    Lock icon The bipolar fortunes of Bitcoin
    1291 1  -  What regulators around the world do now about this virtual oddity that refuses to die will decide its future By Joyce Hooi joyceh@sph.com.sg Singapore DEPENDING on the day of the week, Bitcoin is either on the brink of euphoric success, or complete and utter ruin.
    Sources: Mt. Gox  -  1,291 words
  • Article, Illustration
    Lock icon US jobs growth in Dec weakest in 3 years
    632 1 Weather likely cause of poor data; jobless rate dips to 6.7% Reuters Washington US employers hired the fewest workers in three years in December, but the setback was likely to be temporary amid signs that cold weather conditions might have had
    Reuters; PHOTO: BLOOMBERG  -  632 words
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  • TOP STORIES
    • Article
      Lock icon Closing loopholes to combat financial crimes
      695 2  -  New legislation likely to deal with opaque structures that obscure beneficial ownership By Siow Li Sen lisen@sph.com.sg Singapore MONEY-LAUNDERING and ter-rorist-financing (MLTF) risks are low in Singapore due to strong laws and tough enforcement, the government said yesterday. Still, there are areas where controls
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    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,143.87 (-1.54) HSTI FUTURES 3,143.00 (-2.00) HSIMSCI 359.69 (-0.44) HSIMSCI FUTURES 359.20 (-1.00) STOCKS Friday Change KL COMP 1,826.61 -1.60 NIKKEI 225 15,912.06 +31.73 HANG SENG 22,846.25 +58.92 SET 1,255.45 -2.81 JAKARTA 4,254.97 +53.76 MANILA 5,842.88 -94.63 KOSPI 1,938.54 -7.57 SHENZHEN B 843.00 -12.39 MUMBAI IND 20,758.49 +45.12
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.900 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.647 2.091 EURO (US$/S$/€ 1.361 1.728 Foreign currency per US$ S$ YEN 105.00 82.70 RM 3.269 2.575 HK$ 7.754 6.107 BAHT 33.04 26.02 RUPIAH 12,167 9,582 RENMINBI 6.052 4.767 INDIAN RUPEE 61.84 48.70 A$ 1.124 0.885 NZ$ 1.214 0.956
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    • Article, Illustration
      Lock icon Fiat-Chrysler eyes listing in HK or NY
      473 3 CEO Marchionne says merged entity will aim for premium car market AFP Rome FIAT-CHRYSLER head Sergio Marchionne said yesterday that he was looking for financing to boost the newly merged automaking giant in the high-quality market, and that it could list on the
      AFP; AFP FILE PHOTO  -  473 words
    • Article
      Lock icon Virtual currency not free from taxman
      571 5  -  IRAS says Bitcoin transactions not exempt from GST nor income tax By Joyce Hooi joyceh@sph.com.sg Singapore THE Bitcoin ecosystem might be taking baby steps in Singapore, but looks set to run up against the taxman where the goods and services tax (GST) and income
      571 words
    • Article, Illustration
      Lock icon Swatch expects dynamic growth in 2014
      714 5 Predictions spur optimism sales may rebound Bloomberg London SWATCH Group, the biggest Swiss watchmaker, forecast a positive year after 2013 revenue rose 8.3 per cent, sending the shares up the most in eight months. Swatch “expects good results for 2013 at operating profit and
      Bloomberg; REUTERS FILE PHOTO  -  714 words
    • Article, Illustration
      Lock icon StanChart names Rees deputy CEO
      934 6 CFO Meddings, consumer banking head Bertamini leaving Bloomberg London STANDARD Chartered has named Mike Rees deputy to chief executive officer Peter Sands as the UK bank, struggling with writedowns in South Korea, combines its corporate and consumer banking units to cut costs. Chief financial officer
      Bloomberg; PHOTO: BLOOMBERG  -  934 words
    • Article, Illustration
      Lock icon Call to relax some rules as property market wanes
      583 7  -  Govt should remove Seller Stamp Duty, says Business Outlook forum speaker By Malminderjit Singh msingh@sph.com.sg Singapore THE government should relax some of its property-cooling measures as demand for real estate wanes. This was the view of Getty Goh, director at Ascendant
      583 words
    • Article
      Lock icon More private equity deals seen in 2014: EY
      632 7  -  Former frontier markets continue to move to the top of investor agendas By Michelle Quah michquah@sph.com.sg Singapore ASIA’S private equity market is growing in volume and maturity, with investor confidence for the year remaining high, according to an EY report. The report,
      632 words
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      46 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies 10-13 S’pore Markets 12 Singapore 14-15 World 16-20 Stocks Stats 21-25 Perspective 26-27 Crosswords 27 Wealth 28-31 Househunt 30 LIVING Design L2-5 Travel L6-7 Dining L8-10 Health L11 Beauty/wellness L12-13 Motoring L14-15 Sports L16 Real Estate 31
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      153 3 81 Hwa Chong international school A MEMBER OF THE HWA CHONG FAMILY OF SCHOOLS INTERNATIONALISM INNOVATION INDEPENDENCE r f ■jh Wf 4 b ■a 'll w REGISTRATION NOW OPEN We are a local international school offering the Cambridge International General Certificate of Secondary Education (IGCSE) and International Baccalaureate Diploma (IBDP)
      153 words
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      46 5 Ij\lb9j Availability: from size 1,300 to 8,500 sq feet v'cf’S’n 'Child Care, Office,'Warehouse Light Industria fi JERRY LUM Snr Marketing Director, MBA, CES CEA Licence No.: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent
      46 words
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      Lock icon Page 6 Advertisements Column 1
      39 6 Fancy working in a resort in China? If this sounds like a dream, we have the job for you. Look out for a Director of Staffing job opportunity on Page R2 of today’s CATS Recruit for the full details.
      39 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Helping Sony up its game
      2223 8 / 9  -  Former chairman Nobuyuki Idei hopes to see the Japanese icon transformed into a more service-driven IT company. By Shu-Ching Jean Chen NOBUYUKI Idei took over Sony Corporation as its chairman and Group CEO in the year 2000, when Asia’s then most valuable technology company was
      PHOTO: SONY  -  2,223 words
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  • COMPANIES
    • Article
      Lock icon Moody’s assigns Ba1 rating to OUE C-Reit
      587 10  -  Provisional corporate family rating takes into account the Reit’s weak financial profile and limited financial flexibility By Mindy Tan tanmindy@sph.com.sg Singapore MOODY’S Investor Service has assigned a provisional Ba1 corporate family rating to OUE Commercial Real Estate Investment Trust (OUE C-Reit), noting that
      587 words
    • Article, Illustration
      Lock icon Sidestepping SGX’s elephant in the room
      890 10  -  HOCK LOCK SIEW R Sivanithy sivan@sph.com.sg Senior Correspondent THE proposed changes reported in The Business Times on Thursday (“Independent body for listing mulled’’) in response to the penny-stock crash last October all look good on paper. They include the setting up of a listing
      890 words
    • Article
      Lock icon TEE Int’l Q2 profit falls 35%; revenue rises 13.9%
      394 11  -  Group’s engineering order book up by $1 00m from Q1 to $275m By Jacquelyn Cheok jaccheok@sph.com.sg Singapore ENGINEERING and property group TEE International posted net profit of $1.6 million for the fiscal second quarter ended Nov 30, 2013, down 35 per
      394 words
    • Article, Illustration
      Lock icon Kris Energy shares dive as Vietnam well prospects disappoint
      456 11  -  By Lisa Lee lisalcc@sph.com.sg Singapore SHARES in South-east Asian upstream oil and gas group Kris Energy plunged 27 per cent to close at a record low of $0.86 yesterday after the company announced on Thursday that it had plugged and abandoned
      Source: Bloomberg  -  456 words
    • Article, Illustration
      Lock icon Qian Hu back in black as Dragon Fish finds calm waters
      444 11  -  By Kenneth Lim kenlim@sph.com.sg Singapore ORNAMENTAL fish breeder Qian Hu Corp returned to the black in the fourth quarter of 2013 as it found some stability in Dragon Fish margins. Qian Hu posted a net profit attributable to shareholders
      444 words
    • Article, Illustration
      Lock icon Pennies remain main play in lacklustre week for blue chips
      626 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THERE were no surprises this week as the Straits Times Index displayed a widely anticipated lack of verve and direction, forcing punters to churn the penny segment to make money. One dealer summed up
      626 words
    • Article, Illustration
      Lock icon Loh to advise Keppel Reit Mgmt board
      173 12  -  By Lee U-Wen leeuwen@sph.com.sg Singapore KEPPEL Corporation chief executive officer Loh Chin Hua, 52, is taking on the role of adviser to the board of Keppel Reit Management. Mr Loh, who is also chairman of Keppel Land and its real estate fund management
      173 words
    • Article
      Lock icon STI STOCKS
      108 12 Stock name Close Change CapMallsAsia 1.935 CapitaLand 2.960 -0.010 CapitaMall 1.865 +0.005 CityDev 9.500 ComfortDelGro 2.000 +0.005 DBS Grp 17.370 +0.030 GLP 2.920 -0.010 Genting SP 1.485 -0.015 Golden Agri 0.530 HK Land 6.250 +0.090 HPH Trust US$ 0.675 JMH 53.610 -0.240 JSH 33.100 +0.200 Jardine C&C 36.500
      108 words
    • Article
      Lock icon Goldman unit denies stock dump
      370 12 Bloomberg Singapore A GOLDMAN Sachs Group Inc unit denied dumping a Singapore private wealth client’s shares that it held as collateral and said that it is still owed money. Quah Su Ling sued Goldman Sachs International in London, accusing it of breach of contract for
      Bloomberg  -  370 words
    • Article
      Lock icon TOP 20 ACTIVES
      231 12 VOL CLOSE Albedo 647 V860 6 .4 1 .2 23 .1 HanKore 289 23.1 510 12 0 .2 1 .7 NexGenSCom 277 1.7 774 0 .6 0 .0 0 .0 Char i sma Energy 266 Charisma Energy 902 8 .1 0 .1 1 .3 S i ngHaiy
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    • Article
      Lock icon TOP GAINERS
      58 12 BY CENTS CLOSE UP GLD 10US$ ***** 95.2 0.6 DBS Bk 4.7% NCPS 100 ***** 49.0 0.5 DBXT FTVietnam 10US$ 2538 34.3 1.1 JSH 3310 25.4 0.6 DairyFarm 950 17.8 1.5 IS MS India 100US$ 592 12.7 1.7 HK Land 625 11.4 1.5 DesignStudio 47.5 9.0 23.4 DBS.ES.1401
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    • Article
      Lock icon TOP LOSERS
      56 12 BY CENTS CLOSEDOWN KrisEnergy 86.0 -32.0 -27.1 JMH 5361 -30.5 -0.4 Lyxor LatinAmerica 1 625 -19.0 -2.3 DBXT E50 10US$ 5144 -16.5 -0.3 UOB 2103 -12.0 -0.6 DBXT CSI300 10US$ 686 -8.9 -1.0 DBXT MSTHAI 10US$ 1704 -7.6 -0.4 IS MSCI Spore 1286 -6.4 -0.4 SGX.ES.1401 707 -6.0
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    • Article, Illustration
      Lock icon Tigerair Singapore’s December passenger load factor down at 78.3%
      367 13  -  Capacity growth outpaces rise in passenger traffic By Nisha Ramchandani nishar@sph.com.sg Singapore BUDGET carrier Tigerair Singapore has reported a 10.2 percentage point year-on-year slide in passenger load factor to 78.3 per cent for December as capacity growth outpaced passenger traffic rise.
      ST FILE PHOTO  -  367 words
    • Business briefing
      • Article
        Lock icon SIA Cargo being fined by Swiss competition panel
        109 13 SINGAPORE Airlines (SIA) Cargo is being fined 1.69 million Swiss francs (S$2.37 million) by the Swiss Competition Commission, which has fined a total of 11 airlines after it found they agreed on certain elements of pricing for air freight. SIA Cargo said
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      • Article
        Lock icon Tuan Sing completes valuation of key investment properties
        117 13 TUAN Sing Holdings announced yesterday the valuation of its key investment properties in Singapore has been completed. The valuations are as at Dec 31 last year. The newly acquired Robinson Point at 39 Robinson Road is valued at $350 million. A block
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      • Article
        Lock icon First Myanmar completes rights issue of 2.5m shares
        45 13 FIRST Myanmar Investment (FMI), an investment holding company in Myanmar, said yesterday that it had completed the rights issue of 2.5 million new ordinary shares at the issue price of 10,000 kyats per share to existing shareholders.
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      • Article
        Lock icon Go Marine boosts paid-up capital of subsidiary
        36 13 GO Marine Group, a 90 per cent owned subsidiary of Otto Marine, has increased the paid-up capital of its wholly owned subsidiary Go Offshore (Asia) from $500 to $50,000.
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      • Article
        Lock icon MLT proposes to acquire warehouse in Iskandar
        47 13 MAPLETREE Logistics Trust Man- agement yesterday announced the proposed acquisition of an industrial warehouse in Iskandar Malaysia from Mapletree Industrial Fund for a purchase consideration of RM88.5 million (S$34.4 million). This will be Mapletree Logistics Trust’s fourth asset in Iskandar.
        47 words
      • Article
        Lock icon Transcu chairman stepping down after 5 years on board
        51 13 AKIHIKO Matsumura, the chairman and non-executive director of Transcu Group, is stepping down after five years on the board to focus on the business development of Forest Pine in Japan. The 58-year-old is also a member of the nominating and remuneration
        51 words
      • Article
        Lock icon Linair Technologies CFO to resign with effect from April 4
        54 13 GOH Tcheng Hion, chief financial officer and company secretary of Linair Technologies, will resign from the company with effect from April 4 this year. The 42-year-old will also step down as director of Linair subsidiary, Linair Technologies Suzhou, which is
        54 words
    • Article, Illustration
      Lock icon Conrad Clifford named Iata’s regional VP for Asia-Pacific
      215 13  -  By Nisha Ramchandani nishar@sph.com.sg Singapore CONRAD Clifford has been appointed regional vice-president (Asia-Pacific) for the International Air Transport Association (Iata) from Feb 1. An industry veteran with over 30 years of experience, Mr Clifford succeeds Maunu von Lueders, who is retiring from
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      262 13 IN THE MATTERS OF PEACH TECHNOLOGIES PTE LTD (Co. Reg. No. *****9084W) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of Members of the company held at 20 Maxwell Road #09-01L Maxwell House, Singapore *****3 on 11 January 2014 the following special resolutions were passed:1. That the company be
      262 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Fresh poly grads employment down, pay up
      578 14  -  Higher proportion taking up part-time or temporary jobs By Vivien Shiao vshiao@sph.com.sg THE employment rate of fresh polytechnic graduates fell slightly in 2013, but the median salary went up, according to the Graduate Employment Survey conducted by the five local polytechnics. The employment
      Source: The Graduate Employment Survey 2013  -  578 words
    • Article
      Lock icon Berita Harian launches all-in-one deal
      292 14  -  By Carine Lee carinel@sph.com.sg SINGAPORE’S Malay-language daily Berita Harian (BH) yesterday unveiled its all-in-one subscription package for its print, online, smartphone and tablet platforms. For $18.99 per month, the BH all-in-one package includes the print, online, iPad, smartphone and HTML5 versions of the Singapore Press
      292 words
    • Article, Illustration
      Lock icon No merger for STCars and sgCarMart
      612 15  -  The two car portals will cater to different groups of customers By Sheena Tan tsheena@sph.com.sg WHEN Singapore Press Holdings (SPH) acquired sgCarMart (SGCM), there was talk that this car portal would be merged with the media group’s STCars portal, but the decision has been
      FILE PHOTO  -  612 words
    • Article, Illustration
      Lock icon 3 brokers to join SGX, e2i in training stockbroking hopefuls
      349 15  -  By Kenneth Lim kenlim@sph.com.sg AMFRASER Securities, DMG Partners and Phillip Securities will join Singapore Exchange (SGX) and NTUC’s Employment and Employability Institute (e2i) to help mid-career professionals hoping to become the next great stockbroker. The three broking firms will take
      FILE PHOTO  -  349 words
    • Briefing
      • Article
        Lock icon Change of heads at Rodyk & Davidson’s Shanghai office
        101 15 Change of heads at Rodyk Davidson’s Shanghai office FOO Maw Shen, senior partner of Rodyk Davidson LLP’s litigation and arbitration practice, will be heading its China practice in Shanghai, while continuing his Singapore practice. He will take over from Josephine Koh, who had been resident partner and chief representative in
        101 words
      • Article
        Lock icon Brazil and S’pore to waive tourist visa requirements
        123 15 Xinhua BRAZIL and Singapore agreed to mutually waive tourist visa requirements for their citizens, the Government Gazette said on Thursday. The agreement, set to take effect in the next few days, applies to leisure visits of no more than 30 days, and
        Xinhua  -  123 words
      • Article
        Lock icon ITE to launch two new Higher Nitec courses
        67 15 THE Institute of Technical Education will introduce two Higher Nitec courses in April. The first is in human resource and administration to groom HR practitioners; the other is in space design technology, aimed at developing manpower to meet demand for space design
        67 words
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      Lock icon Page 14 Advertisements Column 1
      65 14 HOT PROPERTY MR J NGI 4+] SE rm ND ?AQ Simei Premium Unit Mid Sf tTJJT' Walk r Man E xpo, SUTD, MRT S&Srsm seller. y Serious MODENA 4+1.1690SF Hinh ri nla\ br ght Nice Best S ne Q- Serious seller. APARTMENTS FOR SALE Check this and many other properties
      65 words
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  • WORLD
    • Article, Illustration
      Lock icon Mumbai airport opens new int’l terminal
      530 16 The first major upgrade in three decades comes as India aims to ease infrastructure constraints Bloomberg Mumbai MUMBAI airport, the gateway to India’s financial capital, yesterday opened a new international terminal in its first major upgrade in three decades as the nation aims to
      Bloomberg; PHOTO: BLOOMBERG  -  530 words
    • Briefing
      • Article
        Lock icon Genting unit renews bid to set up Miami resort
        95 16 Reuters Kuala Lumpur A unit of Malaysia’s Genting Bhd, South-east Asia’s biggest gaming group, is making a renewed play for operations in Miami, Florida, after plans for a US$3.1 billion resort two years ago failed to pan out. Genting Malaysia Bhd,
        Reuters  -  95 words
      • Article
        Lock icon Delhi plans to open up railway sector: sources
        92 16 Reuters New Delhi India will soon invite foreign businesses to help expand its railways, government sources said, in a move that would mark the opening up of one of the country’s last state-controlled industries. Foreign investors will be allowed to fully own
        Reuters  -  92 words
      • Article
        Lock icon India’s industrial output falls unexpectedly in November
        67 16 Bloomberg New Delhi India’s industrial output unexpectedly declined in November on sluggish consumer spending, adding pressure on Prime Minister Manmohan Singh to bolster the economy ahead of elections this year. Output at factories, utilities and mines fell 2.1 per cent from a year
        Bloomberg  -  67 words
      • Article
        Lock icon HK govt to raise funds with territory’s first sukuk
        80 16 Reuters Kuala Lumpur The Hong Kong government hopes to raise funds with the territory’s first Islamic bond following the introduction of new laws, its Secretary for Financial Services and the Treasury said in a statement yesterday. The central bank is reviewing
        Reuters  -  80 words
    • Article, Illustration
      Lock icon China goods trade tops US$4t for first time
      596 17 Trade surplus up 1 2.8% at some US$260b AFP Beijing CHINA’S annual trade in goods passed the US$4 trillion mark for the first time in 2013, official data showed yesterday, confirming its position as the world’s biggest trading nation. Exports from the
      AFP; PHOTO: AFP  -  596 words
    • Article
      Lock icon Vietnam grapples with fraud in SOE clean-up
      557 17 Bloomberg Hanoi VIETNAM is seeking to deter fraud through a plan that allows state-owned enterprises to sell stakes below book value, as the government tries to accelerate a cleanup of the sector and regain investor confidence. “Selling stakes below book value is necessary
      Bloomberg  -  557 words
    • Article
      Lock icon India removes hurdle for Posco project a week before Park’s visit
      346 17 Bloomberg Mumbai INDIA cleared a key hurdle for Posco’s 520 billion rupee (S$10.7 billion) steel plant a week before South Korean President Park Geun Hye’s visit, signalling that the project may move forward after an eight-year delay. The environment
      Bloomberg  -  346 words
    • Article, Illustration
      Lock icon Abe on shuttle diplomacy in M-E, Africa
      630 18  -  He is seen to be checking China’s influence, besides securing supplies By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN Prime Minister Shinzo Abe’s “shuttle diplomacy” in the Middle East and Africa has switched into high gear as he tours countries in the region to bolster
      PHOTO: BLOOMBERG  -  630 words
    • Article
      Lock icon Asian foreign exchange reserves at record high
      635 18 Reuters Jakarta AS the US Federal Reserve winds down an era of easy money, Asia has built up record-high currency reserves, as countries especially those most dependent on foreign capital inflows amass dollars in case investors cut and run. Foreign exchange (FX) reserves
      Reuters  -  635 words
    • Article, Illustration
      Lock icon Indonesia raw mineral ban a bane to China
      625 19 Its steel industry will have to look farther for supply of nickel ore Reuters Sydney AN Indonesian ban on raw minerals exports is set to hurt Chinese factories making stainless steel used in everything from kitchenware to cars and buildings in the
      Reuters; REUTERS FILE PHOTO  -  625 words
    • Article
      Lock icon Novartis faces Japan probe over ads
      413 19 NYT Tokyo THE pharmaceutical company Novartis said that it would cooperate with the authorities after Japan’s health ministry called for a criminal investigation into ads that allegedly claimed additional benefits of its bestselling medicine Diovan based on flawed research. A possible investigation in one
      NYT  -  413 words
    • Article, Illustration
      Lock icon Norway’s SWF closer to enlarging mandate
      785 20 US$820b sovereign wealth fund has been struggling to meet 4% return target Bloomberg Oslo NORWAY’S US$820 billion sovereign wealth fund, the world’s largest, is closer to getting the go-ahead to expand into more asset classes as it struggles to meet return targets. Investing in
      Bloomberg  -  785 words
    • Article
      Lock icon Portugal bond auction signals turnaround
      606 20 AFP Madrid BAILED-OUT Portugal’s borrowing costs tumbled as it wowed markets on Thursday with a successful 3.25 billion euro (S$5.62 billion) government bond sale, heralding a comeback for the debt-ridden laggards of the eurozone. After years of budget cuts and tough reforms to curb soaring
      AFP  -  606 words
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      Lock icon Page 16 Advertisements Column 1
      179 16 30%OFF RETAIL TEA TINS! (From $14.90++) Venue:Chaitime, 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, #01-04, Singapore *****2 Tel:(65) 6636 1551 Website:www.chaitime.com.sg Terms Conditions: Promotion valid from 11 January 2014 to 1 1 February 2014 Not applicable with other promotions, discounts, offers and privileges Promotion valid at Chaitime at
      179 words
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      31 19 HOW ARE YOU LIVING THE NEW YEAR? DO ONE RANDOM ACT OF LOVE MORE TRY SOMETHING NEW EVERYDAY KINDNESS DAILY SPEND MORE TIME WITH MUM BE A BETTER LISTENER KISS MORE
      31 words
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      32 20 Construction contractors face duetotighter ruleson foreignlabour "1 I rules on oreign abour 1 3 To subscribe, call 6388-3838 or go to sphsubscription.com.sg 0 2 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8075 21 Transaction date: Jan 10 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 14.4 11.5 8Telecom 12 11.5 12.5 10.6 0.9 9.9 57.5 20 3.3 A-Sonic 12.3 unch 4623 12.5 11.8 12.2 12.4 1.1
      8,075 words
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      Lock icon SGX CATALIST
      1930 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 26 26 31 25.6 27.5 17.1 t 800 Super 23 unch 52 23 23 23 24 3.2 4.3 7.2 41.1
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 39 46 53 7 10 11 46 56 64 Commerce 20 20 21 5 6 2 25 26 23 Tpt/Stor/Comms 13 15 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,124 32,124 36,068 36,068 Manufacturing 445,911 231,525 677,436 115,089 9,647 124,736 Commerce 505,480 853,135 1,358,615 50,078 66,548 116,626 Tpt/Stor/Comms 74,961 2,718 77,679 94,226 307 94,533 Finance 39,681 128 39,809 125,891 38 125,928 Construction 62,391 307,941
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      789 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 6 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Internet Tech 09-Jan-14 Goh Ching Wah Buy 133 0.14 7131 5.34 7264 5.44 Internet Tech 09-Jan-14 Goh
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Jan 9 COCOA (£/tonne) Close Prev High Low Mar 14 1716 1724 1736 1715 May 14 1708 1716 1725 1706 Jul 14 1704 1712 1720 1703 Sep 14 1701 1707 1717 1701 COFFEE(US$/tonne) Close Prev High Low Jan 14 1743 1725 1751 1715 Mar 14 1727 1712 1746 1693
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      Lock icon METALS
      66 25 Jan 10 GOLD(US$/oz) Jan 10 Jan 09 Hong Kong 1242.00 1233.00 Jan 09 Jan 08 London 1226.40 1222.71 1227.05 1223.48 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.33 24.55 Source: UOB PLATINUM Lon (US$/oz) Jan 09 Close Previous PM Fix 1415.00 1405.00 AM Fix 1414.00 1406.00 Source:
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jan 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.156 1.101 Can dollar 1.193 1.148 Euro 1.770 1.686 Sterling pound 2.134 2.052 NZ dollar 1.072 1.031 US dollar 1.297 1.236 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon STOCK MARKETS
      2 25
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      Lock icon PALM OIL
      60 25 Jan 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2498.0 2487.0 2499.0 2486.0 17 855 Feb 14 2528.0 2499.0 2533.0 2492.0 2975 ***** Mar 14 2547.0 2517.0 2551.0 2511.0 ***** ***** Apr 14 2555.0 2528.0
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      Lock icon GOVERNMENT SECURITIES
      86 25 Jan 10 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-16 101.59 5-Year N*****0T 0.5 01-Apr-18 97.47 97.50 97.50 10-Year NX*****H
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Jan 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1297 1.1301 0.8898 0.8900 Canadian dollar 1.1702 1.1710 0.9222 0.9217 Euro 1.7275 1.7283 1.3607 1.3611 NZ dollar 1.0459 1.0464 0.8238 0.8241 Sterling pound 2.0909 2.0917 1.6469 1.6473
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      Lock icon CHICAGO BOT
      104 25 Jan 9 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 14 1296.25 1300.75 1307.50 1296.25 Mar 14 1273.75 1269.25 1278.00 1267.25 May 14 1255.00 1250.50 1259.00 1249.00 Jul 14 1240.50 1237.00 1245.00 1235.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jan 14 37.74 37.43 37.67 37.46
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      Lock icon OIL
      68 25 Jan 09 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 106.89 -0.18 WTI (Near Mth) 92.25 -0.24 Dubai (1-Mth F) 104.07 0.31 Tapis blend 113.44 0.50 Minas 106.74 0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.75 0.42 Jet Kerosene 121.88 -0.05 US$/barrel OpecOil Basket Price 104.35
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      Lock icon LONDON METALS
      72 25 Jan 09 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1705.00 1730.25 3 months 1750.00 1777.00 Copper, Grade A (US$/tonne) Cash 7236.25 7355.50 3 months 7213.00 7344.50 Lead (US$/tonne) Cash 2073.00 2110.50 3 months 2100.00 2139.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Jan 9 Index Change Change Change Change Change Change World Preliminary 1177.6 -0.3 -0.6 -0.3 -0.3 -0.4 -1.0 EAFE Preliminary 953.1 -0.5 -0.3 -0.5 -0.5 -0.5 -1.2 Europe Preliminary 1352.4 -0.5 -0.2
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  • PERSPECTIVE
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      Lock icon When small may be the new large
      1093 26 / 27  -  In cultural planning, the shock-and-awe approach is not always better. Developing more intimate spaces can help create a vibrant local economy. By Kris Hartley By Kris Hartley ~The writer is a PhD student at the Lee Kuan Yew School of Public Policy and
      PHOTO: REUTERS  -  1,093 words
  • Page 26 / 27 Miscellaneous
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      327 26 / 27 SATURDAY with Ludwig I can show you around and tell you how much the furnishings cost. CRYPTIC CROSSWORD Across 1 Ship’s quarters divine on edges of lake (10) 6 Charge Liverpool footballer once (4) 9 Gangsters backing football people in goal (5) 10 Creepy-crawly ruining the marrow (9) 12 Break
      327 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Key questions for 2014
        1173 28 / 29  -  Tips for investors on US govt bond yields, biggest downside risks to markets and gold purchases, among others WEALTH INSIGHTS Gary Dugan Gary Dugan is Coutts’ chief investment officer for Asia and the Middle East We start 2014 on a hopeful note. December economic data came
        PHOTO: BLOOMBERG  -  1,173 words
      • BROKERS' TAKE
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          387 28 / 29 Add CIMB Research, Jan 9 Close: $7.07 WE expect SGX to report a relatively weak Q2 on Jan 22 when it announces its results. We estimate Q2 net profit declined 14 per cent q-o-q to S$79 million. This is only expected as Q2 is seasonally weak, with ADVT
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          Lock icon ARA Asset Management
          317 28 / 29  -  Compiled by Teh Shi Ning Buy DBS Vickers Securities Research, Jan 10 Close: $1.855 ARA recently entered into a conditional sale and purchase agreement for the acquisition of Macquarie Real Estate Korea Ltd (MREK) for an undisclosed sum. MREK manages two privately held Reits with AUM of
          317 words
    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon Shui On Land CEO Freddy Lee resigns
        440 30 No reason given for quitting in less than 3 yrs Bloomberg Shanghai SHUI On Land Ltd, the Chinese developer that has been selling assets to cut debt, said yesterday that CEO Freddy Lee has quit after less than three years and billionaire chairman
        Bloomberg; PHOTO: BLOOMBERG  -  440 words
      • Article
        Lock icon Househunt
        401 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 27 AND DEC 3, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'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
        401 words
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        Lock icon China’s Sunac sees 28% more home sales this year
        342 30 Bloomberg Shanghai SUNAC China Holdings Ltd, the Chinese developer in which buyout firm Bain Capital LLC has a stake, expects to sell 28 per cent more homes in 2014 than last year even as property curbs in major cities are tightened.
        Bloomberg  -  342 words
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        Lock icon OG family puts up plum properties for sale
        673 31  -  On offer are the former OG building on Orchard Road and seven residential properties including GCBs By Kalpana Rashiwala kalpana@sph.com.sg AN expression of interest has been launched seeking buyers for the former OG building at 228 Orchard Road near Somerset MRT Station,
        673 words
      • Article
        Lock icon UK construction firms see record growth in workload
        239 31 Reuters London BRITISH construction firms saw record growth in work in the last three months of last year and expect similarly strong growth in 2014, an industry survey showed yesterday, giving hope for ongoing economic recovery. The Royal Institution of Chartered Surveyors
        Reuters  -  239 words
      • Article
        Lock icon Australia new home sales in Nov hit 2-year high
        180 31 Xinhua Sydney AUSTRALIA’S new home sales hit a two-and-a-half-year high in November last year, figures released yesterday by the Housing Industry Association (HIA) showed. The HIA survey of Australia’s largest volume builders showed that new home sales grew by 7.5 per
        Xinhua  -  180 words
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      30 32 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN STEEL. AL ROY SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 AUDEMARSPIGUET .COM
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      69 1 BT THE BUSINESS TIMES WEEKEND JANUARY 11 12 2014 Living DESIGN The driving force behind Alessi L5 TRAVEL Soak in Sicilian Baroque L6-7 HIP NEW WAYS TO SHOP New stores bank on cool stuff with a design-focused edge L2-4 DINING Indie eateries up the ante L8-10 PHOTO: FOUR&TWENTY HEALTH Guidelines
      69 words
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  • BT Living
    • DESIGN
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        Lock icon HIP-STREET FINDS
        2900 2 / 3  -  Speciality stores that stock well-curated pieces with a strong design focus find favour with hipsters. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg MOVE over coffee joints. The latest hipster venture to be in is retail selling specially curated lifestyle products, from notebooks to fashion accessories, home
        PHOTOS: THE REDUNDANT SHOP; PHOTOS: SUPERMAMA; PHOTOS: TWC; PHOTOS: FOUR&TWENTY; PHOTOS: TDGS  -  2,900 words
      • Article, Illustration
        Lock icon Designing dream products
        826 5  -  To Giovanni Alessi Anghini, a scion of the famed Alessi family, the products we buy are a reflection of our personalities. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg SO you already have a bottle opener, a salad bowl or two, and more than enough lamps
        PHOTOS OF PRODUCTS: GAA DESIGN, PHOTO OF GIOVANNI ALESSI ANGHINI: YEN MENG JIIN  -  826 words
    • TRAVEL
      • Article, Illustration
        Lock icon Sicily’s many splendours
        1296 6 / 7  -  Off the well-worn tourist trek, Sicily offers uncharted delights from sumptuous cuisines to Baroque heritage towns. By Daven Wu By Daven Wu THINK of Italy, and most people will immediately call up a mental slideshow of Rome, Florence and Milan with their crowded cityscapes, jostling mobs of
        PHOTOS BY: DAVEN WU  -  1,296 words
    • DINING
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        Lock icon Recipe for growth
        2928 8 / 9  -  Running an independent food business on a shoestring budget doesn’t mean you have to give up your dreams of expansion. Five young F&B entrepreneurs who have recently done so offer tips on how to spread your wings smartly. By Debbie Yong By Debbie Yong debyong@sph.com.sg Seek unconventional
        ALL PHOTOS BY YEN MENG JIIN EXCEPT PHOTO OF MR LOW  -  2,928 words
    • HEALTH
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        Lock icon Doctors trump guidelines
        1431 11  -  Clinical practice guidelines help physicians through the rapidly changing medical landscape Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal Publishing Group); chairman, scientific advisory board, Asia Pacific Heart
        ST FILE PHOTO  -  1,431 words
    • BEAUTY/WELLNESS
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        Lock icon BEAUTY GREEN BOOK
        1947 12 / 13  -  From vegan-friendly manicures to parabenfree hair dyes and all-natural slimming treatments, there is an eco option for every step of your beauty regimen. By May Yip By May Yip STEP into any nail and hair salon and, more often than not, you will be hit by the
        PHOTOS: AUUM, ECORGANICS, ORGANIC HAIR PROFESSIONAL, CRYSTAL MAIDEN SKIN PROFESSIONALS  -  1,947 words
    • MOTORING
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        Lock icon SPORTY LUXURY
        580 14  -  The Lexus IS250 F Sport is the sportiest manifestation of the IS range. By Samuel Ee samuelee@sph.com.sg THE Lexus brand is becoming more and more extroverted and one of its manifestations is the F Sport line. F Sport refers to the line inspired by the high performance F
        580 words
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        Lock icon ATTRACTIVE ALTIS
        588 15  -  The new Toyota Corolla Altis is more spacious and upmarket. By Samuel Ee samuelee@sph.com.sg IT may sound unbelievable but the Toyota Corolla Altis has reinvented itself. The epitome of middle class conservatism has embraced a sportier look and ventured upmarket for its 11th generation model. Whether this is
        588 words
    • SPORTS
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        Lock icon UFC debut hits all the right notes
        873 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WITH flashy nicknames like The Diamond, Mr Perfect, The Ace and Crusher, these buff warriors wouldn’t look or sound a bit out of place in the World Wrestling Entertainment E) ring. But they are not in
        PHOTOS: ZUFFA LLC/GETTY IMAGES, SINGAPORE SPORTS COUNCIL  -  873 words
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      1074 10 wine& dine with BTWeekend Peach Blossoms Marina Mandarin Singapore 6 Raffles Boulevard, Level 5 Chinese New Year Takeaways Jan 5 to Feb 14 Marina Mandarin introduces Peach Blossoms Organic fruits Yu Sheng to usher in a healthy and fruitful year ahead. Tastefully enhanced with fresh organic strawberry, mango, rock melon,
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