The Business Times, 23 January 2014

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Microfilm: NL32958
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, January 23, 2014
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  • Article, Illustration
    Lock icon SGX to introduce circuit breakers in Feb
    637 1  -  They will apply to 80% of the market, including all counters priced 50¢ and above By R SIVANITHY sivan@sph.com.sg [SINGAPORE] Market watchers who have been lobbying for circuit breakers to be introduced in the local stock market will soon have their way. The
    FILE PHOTO  -  637 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,133.74 (-0.02) EST INDEX FUTURES 3,133.00 (unch) GSIMSCI 356.42 (+0.62) GSIMSCI FUTURES 355.70 (+0.40) US$ S$ US$ (S$ per US$) 1.279 (US$/S$ per 1.646 2.104 EURO (US$/S$/€ 1.354 1.731 Foreign currency per US$ S$ YEN 104.40 81.60 RM 3.329 2.603 HK$ 7.757 6.067 BAHT 32.86 25.70 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Wednesday Change KL COMP 1,814.10 -1.24 NIKKEI 225 15,820.96 +25.00 HANG SENG 23,082.25 +49.13 SET INDEX 1,290.49 -2.61 JAKARTA COMP 4,477.49 +24.99 MANILA COMP 6,139.86 +120.62 SEOUL COMP 1,970.42 +6.53 SHENZHEN B 862.42 +14.42 MUMBAI IND 21,337.67 +86.55 11am EST Change DOW 16,348.11 -66.33 NASDAQ 4,229.79 +4.03
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE MALAYSIA 5.38 INDONESIA HONG KONG TAIWAN INDONESIA 14.555 TAIWAN 5.036 US 1.475 CANADA 9.33 BRITAIN 0.50 Source: Bloomberg
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  • Article, Illustration
    Lock icon Number of unionised jobs lost soars 76%
    737 1  -  More retrenchments this year may hit high value-added chemical industry By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] The number of workers who lost their jobs in the unionised sector last year spiked sharply to 2,898, a 76 per cent jump from the 1,647 laid off
    Source: National Trades Union Congress  -  737 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      86 1 PROPERTY More than 3,000 BTO flats launched CORPORATE RESULTS KepLand Q4 earnings up 7.6% PAGE 5 HOCK LOCK SIEW CCM warrant offers a vision of the future OPINION Simplifying tax rules for smaller businesses PAGE 10 PAGE 31 PAGE 22 Reflections on Singapore’s demographic future PAGE 23 *****1 11 *****4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      482 2 SGX to introduce circuit breakers in Feb THE Singapore Exchange said circuit breakers will make their appearance from Feb 24. They will apply to all STI and MSCI S’pore Index components and securities above 50 cents. FRONT PAGE Sharp 76% rise in lost unionised jobs last year THE
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    • Article
      Lock icon Airlines cut Bangkok flights as situation worsens
      680 2  -  Travel agents expect further fall in travel demand as state of emergency declared By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Airlines are cutting flights to Bangkok and travel agents are bracing themselves for a further decline in travel demand after Thailand declared a state of
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    • Article, Illustration
      Lock icon Thai pro-govt leader shot, injured
      806 2 Kwanchai Praipana targeted in shooting at Udon Thani town Reuters [UDON THANI, Thailand] A leading pro-government activist was shot and wounded yesterday in Thailand’s northeast, a stronghold of Prime Minister Yingluck Shinawatra, as a state of emergency began in the capital where protesters are trying
      Reuters; AFP FILE PHOTO  -  806 words
    • Article
      Lock icon Trade data corrections factored into advance GDP estimates: MTI
      329 2  -  By TEH SHI NING tshining@sph.com.sg [SINGAPORE] Corrections to er-ror-skewed trade data for September and October 2013 will not affect the advance GDP estimates released on Jan 3, the Ministry of Trade and Industry (MTI) said yesterday. That is because changes to
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    • Article
      Lock icon COE premiums flattish in last tender before revamp
      461 4  -  Reclassified Cat A seen falling by at least $10,000 after many models are forced to move to Cat B By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] Premiums for a certificate of entitlement (COE) remained flat in yesterday’s bidding exercise the last one before the
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    • Article, Illustration
      Lock icon Chinese buying of homes holding up
      955 4  -  Drop in number of units is smallest in percentage terms By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Private home purchases here by nonSingaporeans fell nearly 35 per cent last year. And the biggest drop, in percentage terms, among the top four nationalities came from the Indians
      Source: URA REALIS as at Jan 20, DTZ Research  -  955 words
    • Article, Illustration
      Lock icon Pre-launch property sales, investor clubs in M’sia could come under scrutiny
      632 4  -  By PAULINE NG By in Kuala Lumpur ARE property pre-launch sales and bulk purchases by investor clubs distorting the prices of homes? Abdul Wahid Omar, the Minister in Malaysia’s Prime Minister’s Department, seems to think that pre-launch sales, at
      PHOTO: THE STAR  -  632 words
    • Article, Illustration
      Lock icon Japan Exchange Group chief warns of monetary bubble
      613 4  -  By in ANTHONY ROWLEY in Tokyo THE chief executive of the Japan Exchange Group Atsushi Saito yesterday sounded a warning about the dangers of a monetary bubble developing in Japan as a result of the Bank of Japan’s massive quantitative and qualitative
      PHOTO: REUTERS  -  613 words
    • Article, Illustration
      Lock icon Doubts based on an initial reading, not a firm conclusion: Sim
      712 4  -  CITY HARVEST CHURCH TRIAL By MICHELLE QUAH michquah@sph.com.sg [SINGAPORE] The defence launched its cross-examina-tion of City Harvest Church’s (CHC) one-time external auditor yesterday with Kong Hee’s lawyer establishing that the auditor had no grounds on which to give any
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      Lock icon Page 2 Advertisements Column 1
      83 2 MB cutting through complexity What's on the horizon for Budaet 2014? Let us help you navigate the changes and proposals of Budget Day, as we chart the various implications of the Budget statement. Read our views at kpmg.com.sg/budget and join us at the KPMG Budget 2014 Seminar on 3 March
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      72 3 k-Z s 1 r, a xijt Afe* fe 9 m o V y ...M I m Mil r \V PIAGET GOUVERNEUR Piaget Manufacture movement 882P Mechanical self-winding chronograph Flyback, dual time Pink gold, sapphire case-back Alligator strap PiageT piaget.com m m m PIAGET Boutiques: 02-12A Takashimaya Shopping Centre, Ngee Ann
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon KepLand’s Q4 profit boosted by one-off gain
      564 5  -  Stronger property trading business sends its turnover up 7.2% for quarter By ONG CHOR HAO ongch@sph.com.sg PROPERTY group Keppel Land booked a net profit of $567.3 million for the fourth quarter, primarily on a one-off gain from the divestment of its stake in
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    • Article
      Lock icon Sabana Reit Q4 DPU falls 9.1% to 2.19¢
      272 5  -  By ANDREA SOH sandrea@sph.com.sg DISTRIBUTION per unit (DPU) for Sabana Reit fell 9.1 per cent to 2.19 cents in the fourth quarter of 2013. Distributable income dropped 2 per cent to $15.1 million, as net property income slipped 1.8 per cent to
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    • Article
      Lock icon Raffles Medical buying hospital’s adjacent site
      381 5  -  By VIVIEN SHIAO vshiao@sph.com.sg INTEGRATED private healthcare provider Raffles Medical Group is acquiring from the Singapore Land Authority a site adjacent to Raffles Hospital for $105.2 million. The 1,978.1 square metre site has a plot ratio of 5.6 and would yield a gross floor
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    • Article, Illustration
      Lock icon Strong derivatives soften Q2 blow for SGX
      701 8  -  It was a challenging quarter that saw penny stocks suffering a sell-off By KENNETH LIM kenlim@sph.com.sg SINGAPORE Exchange posted a 1.8 per cent decline in net profit for its fiscal second quarter amid a challenging quarter for the securities market that also saw
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    • Article
      Lock icon DBS in advanced talks to buy SocGen Asia private bank
      445 8 Reuters [HONG KONG] Singapore’s DBS Group Holdings is in advanced talks to buy Societe Generale’s Asian private bank, a deal that would help boost its private banking assets by almost a third, sources familiar with the matter said. It was
      Reuters  -  445 words
    • Article, Illustration
      Lock icon Kim Heng shares soar in debut trading
      340 8  -  By MALMINDERJIT SINGH msingh@sph.com.sg KIM Heng Offshore Marine made an impressive entrance to the Catalist board yesterday, opening 28 per cent up at 32 cents its high for the day and closing at 29.5 cents, 18 per cent above its initial public offering
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    • Article
      Lock icon Moody’s casts doubt over OCBC’s Wing Hang plan
      408 8  -  It says strategy for proposed acquisition not clear By JAMIE LEE leejamie@sph.com.sg MOODY’S Investors Service has raised some doubts over the proposed bid by OCBC Bank to acquire Wing Hang Bank, suggesting that the premium pegged to the Hong Kong lender may
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    • Article
      Lock icon FCOT posts jump in Q1 DPU to 2.05 cents
      394 8  -  By NISHA RAMCHANDANI nishar@sph.com.sg FRASERS Commercial Trust (FCOT) posted a distribution per unit (DPU) of 2.05 cents for the first quarter ended Dec 31, 2013, up from 1.58 cents a year earlier. The jump in DPU was a result of the
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    • Article
      Lock icon Aspial to build Melbourne’s tallest tower
      302 10  -  By FELDA CHAY feldac@sph.com.sg ASPIAL Corporation Ltd has acquired a freehold development in Melbourne for A$42.3 million (S$47.6 million), and plans to turn it into the tallest building in the city that will offer a gross floor area of more than a million square
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    • Article
      Lock icon CapitaMall Trust Q4 DPU rises 15.3%
      641 10  -  Changing retail scene provides potential upside for rental reversions By MINDY TAN tanmindy@sph.com.sg THE retail scene is changing with some retailers choosing smaller units in a bid to control headcount and rental costs, CapitaMall Trust (CMT) said yesterday as it unveiled higher fourth-quarter payout
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    • Article
      Lock icon 12% higher Q3 DPU for MCT
      379 10  -  By MALMINDERJIT SINGH msingh@sph.com.sg MAPLETREE Commercial Trust (MCT) posted a distribution per unit (DPU) of 1.865 cents for its third quarter ended Dec 31, 2013, up 11.9 per cent from 1.667 cents the previous year. Distributable income was $38.7 million, up from $31.2 million
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    • Article
      Lock icon CCM’s piggyback warrant offers a vision of the future
      668 10  -  HOCK LOCK SIEW R SIVANITHY sivan@sph.com.sg MUCH can be learnt from construction firm CCM Group’s warrants issue, arguably one of the most innovative ever seen in the local market. Corporate finance houses might pick up a tip or two from the
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    • Article
      Lock icon Chinese brokerage Haitong opens S’pore office
      237 10  -  By RAPHAEL LIM raphlim@sph.com.sg CHINESE brokerage Haitong International Securities Group opened its first overseas office in Singapore yesterday. Lin Yong, the deputy chairman and chief executive of the group, said: “More Chinese companies are looking for opportunities to gain access to the international market
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      Lock icon Page 5 Advertisements Column 1
      154 5 MASERATI A a® THE ALL NEW QUATTROPORTE. A CELEBRATION OF ELEGANCE, TECHNOLOGY AND POWER. The all new Maserati Quattroporte is more than just the finest sports sedan. It blends extraordinary beauty with the uncompromising performance of the new V8 engine. A classic grantourer with that unmistakable Italian design and engineering
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stocks in play as STI drifts
      578 6  -  Overall dollar and unit turnover gains ground, but the broad market is weak at 180 rises to 234 falls STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent THE debut of Kim Heng Offshore and active penny stock trading were the main features of yesterday’s session,
      Source: Bloomberg  -  578 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jan 22 VALUE CLOSE BT OB/OS -282.00 -3.00 BT CADI -*****.00 -44.00 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 721.84 +3.93 FTSE ST Small Cap 542.36 +0.24 FTSE ST All Share 762.25 +0.72 FTSE ST China Top 203.00 +2.36 FTSE ST China 231.35 +2.01 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME KLW Hldgs 999,546,000 Albedo 299,990,000 Memstar 231,853,000 Charisma Energy 222,238,000 AdvanceSCT 148,589,000 CCM Grp 130,413,000 HanKore 128,943,000 JEP 89,554,000 KimHeng Offshore 82,869,000 Unionmet 82,194,000 VALUE($) DBS Grp 66,532,867 CapitaLand 63,046,390 KLW Hldgs 48,600,588 GLP 47,016,251 SingTel 45,999,440 UOB 34,949,895 Keppel Corp 32,528,100 Ascendasreit 27,269,810 Memstar 26,747,005
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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 5 6 2 0 0 0 5 6 2 Manufacturing 41 49 42 6 12 9 47 61 51 Commerce 17 20 19 3 8 1 20 28 20 Tpt/Stor/Comms 12 15 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,262 17,262 49,671 49,671 Manufacturing 606,033 1,148,305 1,754,338 165,543 55,904 221,446 Commerce 210,131 410,503 620,634 73,595 34,377 107,972 Tpt/Stor/Comms 52,582 3,964 56,546 91,956 432 92,388 Finance 23,858 15 23,873 137,548 5 137,553 Construction 80,312 353,743
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    • BROKERS’ TAKE
      • Article
        Lock icon Mapletree Logistics Trust
        337 6 Jan 22 close: S$1.045 Maybank Kim Eng Research, Jan 21 WITH gearing at 33.9 per cent, Mapletree Logistics Trust (MLT) has a debt headroom of S$450 million before hitting the 40 per cent leverage ratio. But it has not had much luck with acquiring assets from its
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      • Article
        Lock icon Ascendas Reit
        401 6 Jan 22 close: S$2.18 DBS Group Research, Jan 21 A-REIT’s Q3 2014 results were in line with our expectations. Topline and net property income grew 6.4 per cent and 3.7 per cent to S$154.4 million and S$108.5 million respectively. This was largely due to contributions from its properties,
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      • Article
        Lock icon Keppel T&T
        284 6  -  Compiled by CAI HAOXIANG Jan 22 close: S$1.79 CIMB Research, Jan 21 FY2013 net profit of S$63.2 million was broadly in line with our expectation and formed 102 per cent of our full year estimate. We revise up our FY2014 to 2016 EPS by 2-3 per cent for
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      116 6 Stock name Close Change CapMallsAsia 1.850 +0.010 CapitaLand 2.900 +0.010 CapitaMall 1.890 +0.010 CityDev 9.510 +0.010 ComfortDelGro 1.965 +0.010 DBS Grp 17.150 -0.220 GLP 2.940 +0.040 Genting SP 1.480 +0.010 Golden Agri 0.530 +0.005 HK Land 6.400 +0.030 HPH Trust US$ 0.680 +0.005 JMH 55.700 -0.470
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    • Article, Illustration
      Lock icon Aussie dollar leaps on inflation report
      491 6 CURRENCIES Bloomberg [LONDON] The Australian dollar jumped the most in a week after a government report showed inflation was faster than economists forecast, boosting bets that the central bank will refrain from cutting interest rates. The euro approached a two-month low against the dollar
      Bloomberg; PHOTO: BLOOMBERG  -  491 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP Jardine C&C 3903 35.0 0.9 DBXT CSI300 10US$ 695 21.7 2.5 Vicom 560 18.0 3.3 Lyxor China H 10US$ 1380 17.9 1.0 Uni Envtech 117 11.0 10.4 M1 345 9.0 2.7 GuocoLand Ltd 230 7.0 3.1 SuperGroup 400 7.0 1.8 UOL 599 7.0 1.2 Lyxor
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    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -125.3 -0.8 DBXT FTVietnam 10US$ 2772 -61.4 -1.7 JMH 5570 -60.1 -0.8 CIMBAsean40 100US$ 956 -49.9 -3.9 JSH 3370 -38.4 -0.9 Lyxor ThaiSET 10US$ ***** -38.4 -0.3 DBXT MSTHAI 10US$ 1745 -28.1 -1.2 DBXT MSMSIA 10US$ 1458 -25.6 -1.4 DBS.ES.1401 1712 -24.0
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      1077 7 ADVERTISING FEATURE The Tembusu by WING TAI Rare. Stunning. Luxurious. Freehold. A lasting legacy for generations to come. In an ever-changing cityscape where land is scarce and space is premium, what does a home really mean? For one, it should last, and if you so desire, be passed down from
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      47 8 SINGAPORE E Towards Community Purpose and Benefit Wishing all t Happy Lunar New Li*> IK «Br1 $5 MILLION REUNION DRAW Fri, 24 Jan 2014, 9.30pm For details, visit www.singaporepools.com.sg p A Y<i) Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G SINGAPORE m
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      Lock icon Page 8 Advertisements Column 2
      98 8 WWW fCOGENT OGISTICS HU .r*p<u.;w Its V VL KV# One-Stop Logistics Hub Transport, Warehouse wf Container Depot Solutions An integrated container depot on the roof top enhancing a logistics efficiency and productivity Strategically located at 1 Buroh Crescent ~a 5-storey ramp-up warehouse with sizes from 80,000 a to 280,000 sq.ft.
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      469 9 i CAPITA^. Invest In Johor’s Most Iconic Development CAPITAL' HELLO WORLD 21 INVEST IN THE NEW RETAIL MALL 0F JOHOR BAHRU TOP 6 REASONS TO INVEST: FREEHOLD DEVELOPMENT STRATEGIC LOCATION Situated on prime acreage in Iskandar, Johor REVOLUTIONARY RETAIL A vibrant retail platform surrounded by 2 hotel blocks and 3
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      66 10 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 27th FEB 2nd MAR 2014 MARINA BAY SANDS SINGAPORE EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD
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      Lock icon Page 10 Advertisements Column 2
      101 10 Experience it for yourself. Exhibit at v/7 c! air Singapore Gifts Premiums Fair 2014 16-18 July 2014 Marina Bay Sands, Singapore www.SGPFair.com Impressions of SGPFair 2013 ...This year's leads seem to be of better quality! BIC PRODUCT (SINGAPORE) Quality crowds FOUR SEASONS GIFTS Visible A&P exposure in main media. SASHA'S
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      77 10 Myanmar Supply Chain Management Conference 2014 4-6 March 2014 Traders Hotel, Yangon www.mscm.sphereconferences.com New Dates, New Pricing! Early bird discounts till 1st Dec 2013. Save up to USD 441 Opening Address by H.E U Nyan Htun Aung, Minister for Transport, Union of Myanmar Kl Philippe Ruffier Johnson Johnson Bob Travers
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      46 10 30 0 ab a! u b 0 C DIPLOMAT’S DIARY India’s high commissioner to Singapore on her six months after taking charge Shashi Tharoor’s ex-chief of staff on Sunanda Pushkar GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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  • SINGAPORE NEWS
    • Article
      Lock icon Cool weather, competition lower electricity prices
      362 11  -  Opening of new plants drove wholesale power prices down in Dec By RONNIE LIM ronnie@sph.com.sg A COMBINATION of cool weather and stiffening market competition, due to the start-up of new generating plants, has driven electricity prices here lower. Energy Market Company CEO Dave Carlson
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    • Article
      Lock icon A*Star, Nestle sign pact to join hands on research
      289 11  -  By SHEENA TAN tsheena@sph.com.sg NESTLÉ and the Agency for Science, Technology and Research (A*Star) signed an agreement yesterday to tap each other’s research capabilities. No specific research projects have been identified, but their areas of focus could include packaged food and
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    • Article, Illustration
      Lock icon Pro-technology climate drew iBuy to ASX
      352 11  -  By JACQUELYN CHEOK jaccheok@sph.com.sg IBUY Group, a Singa-pore-based e-commerce company that debuted on the Australian Securities Exchange (ASX) last month, said that its decision to choose the ASX over other Asian exchanges was largely motivated by Australian investors’ tech savviness and openness to investing
      FILE PHOTO  -  352 words
    • Article
      Lock icon KepLand top ranking Asian firm on sustainability list
      418 11  -  It takes 17th spot on Corporate Knights’ Global 100 list; StarHub, CityDev Capland improve rankings By GRACE LEONG gleong@sph.com.sg KEPPEL Land has leapfrogged into Corporate Knights’ Global 100 list of the world’s most sustainable corporations for this year, while three other mainboard-listed
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    • Article, Illustration
      Lock icon Fullerton Fund Management opens office in Japan
      302 11  -  By MALMINDERJIT SINGH msingh@sph.com.sg TEMASEK Holdings subsidiary Fullerton Fund Management (Fullerton) is expanding to Japan. The Singapore-based investment firm yesterday announced its new office in Tokyo. It established its first international office in China in 2007. The new office will enable Fullerton to
      FILE PHOTO  -  302 words
    • Article
      Lock icon Storm in a Tweetcup?
      286 11  -  By JOYCE HOOI joyceh@sph.com.sg NORTH America might have its polar vortex, but Singapore’s own virtual cyclone an online protest called a ‘Tweet storm’ loomed on the horizon yesterday. Last week, a netizen claiming to be part of hacktivist collective Anonymous organised a Tweet storm on two
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    • Article
      Lock icon Listen up, bosses: This is what Gen Ys want & don’t want
      377 11  - Listen up, bosses: This is what Gen Ys want don’t want By LEE MEIXIAN By leemx@sph.com.sg ALL over the world, the Gen-Y population appears to be a bright-eyed but demanding bunch when it comes to expectations of a future workplace. Seven in 10 interviewed in Deloitte Touche Tohmatsu’s third Millennial
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    • Article
      Lock icon Workers in S’pore are the unhappiest in Asia: survey
      335 11 Reuters [SINGAPORE] Workers in wealthy Singapore are the unhappiest in Asia and nearly two-thirds would like to quit their jobs in the next year, a regional survey by recruiting firm Randstad Group showed yesterday. Singapore, a banking and trade centre with
      Reuters  -  335 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Ringgit at 5-month low in pro-dollar market
      465 12 Bloomberg Reuters [KUALA LUMPUR] The Malaysian ringgit touched the lowest level in almost five months on speculation that investors are favouring the US dollar as the American economy strengthens and the Federal Reserve pares record stimulus. On Tuesday, the International Monetary raised its
      Bloomberg; Reuters; PHOTO: BLOOMBERG  -  465 words
    • Article
      Lock icon Malaysia’s inflation rate heats up in Dec
      693 12 CPI jumps to 3.2%, highest since Nov 2011; interest rate hike more likely Reuters [KUALA LUMPUR] Malaysia’s inflation rate jumped in December, exacerbating a political headache for the government over rising living costs and increasing the chances of an early hike in interest
      Reuters  -  693 words
    • Article
      Lock icon Pressure on Najib to address M’sians’ economic concerns
      566 12  -  By S JAYASANKARAN By in Kuala Lumpur VETERAN journalist and influential political commentator Kadir Jasin yesterday warned Prime Minister Najib Razak to either address Malaysians’ economic problems or step down. Failing that, he said there was a possibility that the ruling coalition
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      991 12 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices INFINIO GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****1660M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of INFINIO GROUP LIMITED (the “Company”) will be held at 2 Leng Kee Road #03-04, Thye
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      Lock icon Page 12 Advertisements Column 2
      696 12 IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF RHINE RUHR PROCESS EQUIPMENT (PTE) LTD (Co. Reg. No: *****4938Z) (“Company”) NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the above-named Company, duly convened and held at
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      1163 12 SOR SINGAPORE WINDSOR HOLDINGS LIMITED Company Registration Number *****5764Z (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of SINGAPORE WINDSOR HOLDINGS LIMITED (the “Company”) will be held at the Tanglin 1 Room, Level One, RELC International Hotel,
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Chinese leaders’ relatives have stashed wealth abroad: report
      607 13 But no evidence that the politicians were aware of their kin’s actions: ICIJ AFP [HONG KONG] Relatives of top Chinese leaders including President Xi Jinping and former premier Wen Jiabao have used offshore tax havens to hide their wealth, according to a
      AFP  -  607 words
    • Article, Illustration
      Lock icon Asia’s biggest IPO priced at bottom of range
      383 13 Reuters [HONG KONG] HK Electric Investments, the investment trust controlled by tycoon Li Ka-shing’s Power Assets Holdings, raised US$3.1 billion in a Hong Kong initial public offering priced at the very bottom of an ambitious target range. Though well below the size
      Reuters; PHOTO: REUTERS  -  383 words
    • Article
      Lock icon Hackers may be behind China Internet outage
      278 13 AFP [SHANGHAI] A major Internet outage in China on Tuesday that rerouted users to the US website of a company which helps people get around Beijing’s censorship may have been due to a hacking attack, the official Xinhua news service reported. The state-run
      AFP  -  278 words
    • Article
      Lock icon Inflation should be RBI’s top priority: panel
      451 13 Reuters [MUMBAI] The Reserve Bank of India (RBI) should make managing inflation its main objective and set monetary policy by committee, a central bank panel has recommended, a shift that would bring its practices in line with many other central banks. The recommendations,
      Reuters  -  451 words
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      Lock icon Page 13 Advertisements Column 1
      32 13 HOT PROPERTY g-l-ent layout rTs J 1 “yeaftse 4600 CENTRAL HOUSES FOR RENT Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
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      Lock icon Page 13 Advertisements Column 2
      48 13 FM klSS92 All the great songs m one place J NSWE CMcL S a Catch the Kiss92 Kiss Mobile for car decals and great prizes! Tune in to Kiss92 for more details! 22 JAN (WED) 6:00PM WITH DJ ARNOLD CARPARK ALONG SEAH IM ROAD tilt kiss92.sg facebook.com/kiss92fm Q@kiss92fm
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      314 13 FUTURE iitiiiiiii a CHINA ADVANCED LEADERS PROGRAMME Grooming future leaders to be “China-ready China-savvy” and “Connected” 7 Despite having first-hand experience of the cultural differences during my 5 years in China, I still find the course very enlightening as it equips us with a holistic understanding of China's business, economic,
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  • WORLD
    • Article
      Lock icon S Korea plans superfast 5G wireless service
      669 14 Trial 5G service to be rolled out in 2017 and a full commercial service in December 2020 AFP [SEOUL] South Korea, already one of the most wired countries on earth, yesterday announced a 1.6 trillion won (S$1.9 billion) plan to roll out a
      AFP  -  669 words
    • Article
      Lock icon BOJ dismisses need for more stimulus
      600 14 It keeps monetary policy steady, sticks to inflation forecasts Reuters [TOKYO] The governor of the Bank of Japan yesterday dismissed the need for additional monetary easing as prices are headed towards its inflation target and as overseas economies recover, damping expectations for more stimulus
      Reuters  -  600 words
    • Article, Illustration
      Lock icon Bangkok holds key rate after state of emergency
      482 14 Bloomberg [BANGKOK] Thailand unexpectedly held its key interest rate, even as Prime Minister Yingluck Shinawatra declared a state of emergency in Bangkok to control an-ti-government protests that have crimped economic growth. The Bank of Thailand kept its one-day bond repurchase rate unchanged
      Bloomberg; PHOTO: BLOOMBERG  -  482 words
    • Article, Illustration
      Lock icon Aussie Q4 inflation higher than expected
      481 14 Reuters Bloomberg [SYDNEY] Australian inflation was higher than expected last quarter as the cost of food, holiday travel and tobacco all rose, dealing a major blow to the prospects of another cut in interest rates and sending the local dollar higher. Yesterday’s figures from
      Reuters; Bloomberg; PHOTO: AFP  -  481 words
    • Article
      Lock icon New sovereigns set to ease shortage of sukuk
      990 14 Reuters [LONDON] The birth of three new sources of sovereign sukuk Britain, Luxembourg and Hong Kong will broaden the market in Islamic bonds, helping in a small way to ease a shortage of top-rated paper that hurts the ability of banks to
      Reuters  -  990 words
    • Article
      Lock icon S&P says govt suit linked to downgrade of US debt
      711 17 Rating firm seeks discovery via Justice Dept to back its case Bloomb erg [LOS ANGELES] Former US Treasury secretary Timothy Geithner told McGraw Hill Financial Inc chairman Harold W McGraw III in 2011 that Standard Poor’s downgrade of the US
      Bloomberg  -  711 words
    • Article, Illustration
      Lock icon US food banks brace for longer lines after govt cuts
      1077 17 NYT [WASHINGTON] Late last year, staff members at the Capital Area Food Bank here began fielding requests for larger deliveries from the dozens of soup kitchens and food pantries that it supplies, as more and more people showed up seeking
      NYT; PHOTO: AFP  -  1,077 words
    • Article
      Lock icon BlackBerry to sell most of its Canada property
      286 17 Bloomberg [TONRONTO] BlackBerry, the struggling smartphone maker, plans to sell most of its Canadian real estate to raise cash for its turnaround plan. BlackBerry is working with CBRE Group to sell vacant properties as well as occupied space it would then lease
      Bloomberg  -  286 words
    • Article, Illustration
      Lock icon IBM misses revenue targets for the 4th straight quarter
      705 17 Reuters [NEW YORK] IBM missed revenue expectations for the fourth straight quarter as it grappled with weakening demand for servers and storage in emerging markets such as China. Shares in the world’s largest technology services company fell 3.5 per cent to
      Reuters; PHOTO: BLOOMBERG  -  705 words
    • Article
      Lock icon Silicon Valley firms running shuttles to pay bus stop fee
      539 17 Reuters [SAN FRANCISCO] San Francisco’s transportation agency agreed on Tuesday to charge Google, Apple and other tech companies a dollar every time one of their commuter shuttles uses a public bus stop, in a deal that seems unlikely to end
      Reuters  -  539 words
    • Article, Illustration
      Lock icon EU banks shoulder debt despite problems
      1067 18 Borrowing costs for Europe’s weakest economies fall to four-year low NYT [ATHENS] A wave of euphoria has swept over financial markets because investors think Europe’s sovereign debt crisis may be ending. But the enthusiasm masks a lingering problem. The harsh austerity programmes used to
      NYT; PHOTO: AFP  -  1,067 words
    • Article
      Lock icon Unilever remains cautious with slowing growth
      454 18 NYT [LONDON] The global economy might be slowly recovering and consumers gradually gaining confidence. But Unilever, one of the world’s largest consumer products companies, remains cautious. The company, which makes Dove soap, Knorr soup stock and Ben Jerry’s ice cream despite reporting fourth-quarter sales
      NYT  -  454 words
    • Article
      Lock icon Citi warns against UK exiting EU: report
      365 18 It says such a move could hurt the British economy Reuters [LONDON] Citigroup has warned against the UK opting out of the European Union, saying that such a move could hurt the British economy and reduce investment from international companies, the Financial Times
      Reuters  -  365 words
    • Article, Illustration
      Lock icon Britain loses case against EU powers on shortselling ban
      527 18 Court rejects claim Esma’s emergency powers are illegal Bloomberg [BRUSSLES] The UK lost its fight against European Union (EU) powers to ban shortselling, as the bloc’s top court delivered a blow to Britain’s bid to rein in EU powers over financial
      Bloomberg; PHOTO: AFP  -  527 words
    • Article
      Lock icon Spain's Bankinter posts 73% jump in 2013 profits
      301 18 Re uters [MADRID] Spanish lender Bankinter yesterday posted a 73 per cent leap in 2013 profits, largely driven by lower losses on soured property assets, though its net income from lending also grew the fourth quarter compared with a year earlier. Investors
      Reuters  -  301 words
    • Article, Illustration
      Lock icon Facebook COO now a billionaire
      640 20 Sheryl Sandberg’s fortune surpasses US$1 b after shares close at a record Bloomberg [NEW YORK] Sheryl Sandberg’s fortune surpassed US$1 billion on Tuesday after Facebook Inc closed at a record. The chief operating officer of the world’s most popular social-networking service owns about 12.3 million
      Bloomberg; PHOTO: AFP  -  640 words
    • Article
      Lock icon Bitcoins welcomed at 2 casino hotels in Las Vegas
      328 20 Reuters [LAS VEGAS] Two Las Vegas casino hotels will become the first known US commercial gambling houses to allow the use of the unregulated digital payment system Bitcoin, casino officials said on Tuesday. The co-owned Golden Gate Hotel and Casino and
      Reuters  -  328 words
    • Article
      Lock icon Dow Jones CEO Lex Fenwick resigns
      724 20 Firm changing strategy to give clients more flexibility NYT [NEW YORK] Lex Fenwick, the hard-driving chief executive who stumbled in his efforts to transform Dow Jones, the publisher of The Wall Street Journal, has resigned effective immediately as the company rethinks its strategy. The
      NYT  -  724 words
    • Article, Illustration
      Lock icon Swedish taxman: Bitcoin just like art or antiques
      762 20 Interpretation allows capital gains taxes on transactions using it Bloom berg [STOCKHOLM] Bitcoin is making an art critic out of the Swedish taxman. The largest Nordic economy is set to reject Bitcoin and its competitors as a currency and instead give the
      Bloomberg; PHOTO: BLOOMBERG  -  762 words
    • Article
      Lock icon Texas Instruments to axe 1,100 jobs by year-end
      567 20 Reuters [SAN FRANCISCO] Texas Instruments Inc plans to cut 1,100 jobs in the United States, Japan and India, or about 3 per cent of its global workforce, in a corporate restructuring to save US$130 million by the end of 2014. The US
      Reuters  -  567 words
    • Article
      Lock icon Gold decline to continue this year: analysts
      665 21 Global recovery cuts need for haven assets, regulation hurts risk appetite Bloomberg [SINGAPORE] Gold will extend declines this year as gains in equity markets reduce the need for haven assets and increased regulation hurts risk appetite, according to Morgan Stanley, which lowered its
      Bloomberg  -  665 words
    • Article
      Lock icon Eurozone debt drops for first time in 6 years
      236 21 Reuters [BRUSSELS] Eurozone government debt fell for the first time in nearly six years in the third quarter, data showed yesterday, adding to signs the bloc was turning the corner on the sovereign debt crisis. Debt in the 17 countries sharing
      Reuters  -  236 words
    • Article, Illustration
      Lock icon British jobless rate falls to 7.1%
      720 21 But BOE says it is in no rush to up interest rates Reuters [LONDON] British unemployment plunged to within a whisker of the Bank of England’s level for considering an increase in interest rates, data showed yesterday, but the central bank stressed that it
      Reuters; PHOTO: BLOOMBERG  -  720 words
    • Article
      Lock icon EU issues guidelines on fracking safeguards
      318 21 AFP [BRUSSELS] The European Commission yesterday issued recommendations to ensure that clear environmental safeguards are in place when the controversial technique of “fracking” is used to tap shale gas reserves. With a number of European countries looking to begin drilling for shale gas, the
      AFP  -  318 words
    • Article, Illustration
      Lock icon IMF raises forecast of Myanmar growth
      330 21 Reuters [WASHINGTON] Myanmar is set to grow 7.5 per cent during the current fiscal year, and about 7.7 per cent in the next, the International Monetary Fund said, as services and manufacturing expand in one of South-east Asia’s fast-est-growing economies. The IMF last predicted
      Reuters; PHOTO: AFP  -  330 words
    • Article
      Lock icon North-east US hit by snow storm; bitter cold forecast to linger
      397 21 Some Manhattan residents complain of ploughing delays Reuters [NEW YORK] The northeastern United States yesterday dug out from a storm that dumped over a foot of snow in many places with frigid, windy weather keeping some schools and offices
      Reuters  -  397 words
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      2364 15 Keppel Land Limited Co Reg No: *****0001G (Incorporated in Singapore) 1. UNAUDITED RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2013 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the full year ended 31 December 2013: Fourth Quarter Full Year Note 31.12.13 31.12.12
      2,364 words
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  • FOCUS: WORLD ECONOMIC FORUM
    • Article, Illustration
      Lock icon Govts must try to bridge rich-poor gap: poll
      829 16 Income inequality hampers growth and threatens social stability Bloomberg [WASHINGTON] International investors say the gap between rich and poor hampers economic growth and that governments should act to reduce income inequality, according to a Bloomberg Global Poll. Fifty-eight per cent of global
      Bloomberg; PHOTO: BLOOMBERG  -  829 words
    • Article
      Lock icon Billionaires expect to be even richer next year
      796 16 Bloomberg [NEW YORK] Billionaires attending the World Economic Forum’s annual meeting this week in Davos, Switzerland, expect to be richer when they return to the Alpine village next year. About a half dozen of the wealthiest participants, including Aliko Dangote, Africa’s richest
      Bloomberg  -  796 words
    • Article, Illustration
      Lock icon Abe aims to raise his global profile
      627 16 Other stars at forum include Rouhani of Iran, Matt Damon AFP NYT [DAVOS] Japanese Prime Minister Shinzo Abe, currently embroiled in a diplomatic spat with China, takes centre stage at Davos later yesterday as 2,500 political and business leaders kick off their annual
      AFP; NYT; PHOTO: REUTERS  -  627 words
    • Article, Illustration
      Lock icon A constant fight between corporate interests, WEF
      453 16 Bloomb erg [NEW YORK] World Economic Forum founder Klaus Schwab said that he’s in a “constant fight” to keep corporate interests from commandeering the annual meeting in Davos, Switzerland, even as his organisation collects about US$200 million from sponsors such as Citigroup, Google
      Bloomberg  -  453 words
    • Article
      Lock icon Board backs retaining investment bank: UBS chief
      331 16 Bloomberg [ZURICH] UBS AG’s board supports the strategy of keeping the investment bank to help provide services needed by the company’s ul-tra-rich clients in wealth management, chairman Axel Weber said. “We clearly have a lot of demand for a client-centric investment bank to
      Bloomberg  -  331 words
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      262 19 THE STRAITS TIMES WHEREVER YOU ARE LIFE'S A REWARD WHEN YOU SUBSCRIBE TO US GET THESE EXCITING GIFTS WHEN YOU SUBSCRIBE TO THE STRAITS TIMES! ALL-IN-ONE PRINT ONLINE TABLET SMARTPHONE Select a Plan and Pick Your Gift nexusD 3 YEAR PLAN Nexus 10 by Samsung E1TIGER JAPAN 4.5L Thermal Magic
      262 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Simplifying tax rules for smaller businesses
      894 22  -  It may help SMEs reduce business costs and promote their development BUDGET 2014 By ABHIJIT GHOSH FLORENCE LOH, CHEW HUN The writers are corporate tax partner and senior manager (corporate tax), at PwC Singapore SMALL and medium enterprises (SMEs) will increasingly play a fundamental
      FILE PHOTO  -  894 words
    • Article
      Lock icon Chance for Obama to push trade agenda
      459 22 EDITORIAL AS US President Barack Obama prepares to deliver his sixth State of the Union address next Tuesday evening, he may already be regarded by his adversaries as a lame-duck president whose dwindling power discourages other political players from cooperating and making deals
      459 words
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      Lock icon Japan should put disputed isles back in private hands
      800 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE deterioration in Sino-Japanese political relations, which saw bilateral trade drop in 2012 after Tokyo nationalised three tiny islands also claimed by
      800 words
    • Article, Illustration
      Lock icon Demographic challenges revisited
      2472 23  -  Each debate of the population policy gives us a clearer understanding of Singaporean society By PAUL CHEUNG The writer is professor of social policy and analytics at the National Universi ty of Singapore. He was Singapore’s Chief Statistician (1991-2004) and director, United Nations Statistical Division (2004-2012). The
      FILE PHOTO; Source: United Nations Population Division; Source: Singapore Demographic Bulletin; Immigration & Checkpoints Authority; Source: Department of Statistics  -  2,472 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon Keppel O&M unit fails to clinch Philippine Navy job
      486 24  -  It loses bid on a technicality but will submit a fresh bid next week By ALEC ALMAZAN in Manila DESPITE being the sole contender for a contract to upgrade a Philippine Navy corvette, Keppel Philippines Marine (KPM) failed to clinch the
      486 words
    • Article, Illustration
      Lock icon Brazil airport upgrade missing deadlines
      932 24 Crucial upgrades will not be ready for World Cup in June Reu ters [SAO PAULO] Brazil promised the world it would roll out the red carpet at 21st century airports for this year’s World Cup, but soccer fans landing in Fortaleza, which will host six
      Reuters; PHOTO: REUTERS  -  932 words
    • Article
      Lock icon TRANSPORT STOCKS
      242 24 SGX '000 Jan 22 S$ +/-Vol Ch Offshore 0.44 unch 226 Chuan Hup Hldg 0.26 unch 397 Cosco Corp 0.74 0.02 1211 Cwt Limited................1.34 -0.01 34 First Ship Lea unch unch 0 Grand Banks 0.22 -0.01 111 Jaya Hold Ltd K1Ventures.................0.19 unch 942 Keppel Corp 11.00 0.04 2954
      242 words
    • Article
      Lock icon Damaged tanker begins LNG transfer near S’pore
      175 24 Bloomberg [SINGAPORE] A damaged liquefied natural gas tanker, the Al Gharrafa, will transfer its cargo to another vessel, the Al Ghashamiya, before heading for repairs, according to OSG Ship Management. The shift to the Al Ghashamiya, managed and operated by Shell International Trading
      Bloomberg  -  175 words
    • Article, Illustration
      Lock icon Delta shares rise as Q4 profit beats expectations
      722 24 Bloomberg [DALLAS] Delta Air Lines led shares of US carriers higher after posting fourth-quar-ter profit that topped analysts’ estimates and forecasting an operating margin of as much as 8 per cent in this year’s initial three months. Delta, adjusted for its 2008
      Bloomberg  -  722 words
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      313 24 CRYPTIC CROSSWORD Across 1 Around middle of board puts kings and queens here? (7) 5 Flower’s dropping, overrun by returning crowd (7) 9 Crease knight’s cloth (5) 10 Fake qualification left out (9) 11 Really hot nuts, say (10) 12 Small hole for capturing animals this might be released from
      313 words
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  • Article
    Lock icon Shipping Times
    1348 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
    1,348 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      96 25 You make them. We’ll make them ready. 99 WWL’s Equipment Processing Centre in Jurong Port (Free Trade Zone) offers storage and a wide range of technical services. VtfV WALLENIUS WILHELMSEN LOGISTICS TV' IE PC Services we provide; Transportation/Haulage Mechanical Repairs Pre Delivery Inspection Refurbishment Accessory Fittings Washing Storage/Preservation Yard Management
      96 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3163 26 Transaction date: Jan 22 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 14.1 11.5 8Telecom Last Sale AAT Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld 11.5 7
      3,163 words
    • Article
      Lock icon SGX CATALIST
      274 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 2.4 1.1 t Advanced System 1.3 unch 1410 1.3 1.3 1.3 1.4 22.9 Div Gr Yld Net
      274 words
    • Article
      Lock icon GLOBALQUOTE
      262 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 $mil 61 34.4 AVJennings A56 unch 17 56 56 56 56.5 3.6 6.3 4.5 207.3 52 35.5 Genting HK US$ US41.5 -0.5 2972 42 41 41.5 42 2732.6
      262 words
    • Article
      Lock icon SGX ETF
      864 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 $mil 121 108.3 ABF SG Bond ETF 113 3 113 113 112 113 515.8 Last 114.4 98.3 CIMB APAC Div 100US$ US98.6 10.4 1510 1192 CIMBASEAN40 100S$D
      864 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11567 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** Asian Smaller Cos'** 1 8683/ China Opportunities'" 2 8253/ EM Local Ccy Bond .0.8936/
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      695 28 Jan 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.01 *****.53 *****.41 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Jun14 *****.00 *****.00 *****.00 *****.00 58 1914 MSCI TAIWAN INDEX FUTURES SPOT 302.22 303.50 301.72 Jan14 302.70 303.70 301.00 303.70 *****0 *****0 Feb14 302.60
      695 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 21 Index Change Change Change Change Change Change World Preliminary 1186.9 0.0 0.2 0.1 0.9 -0.1 -0.3 EAFE Preliminary 966.6 0.1 1.1 0.2 1.4 0.0 0.2 Europe Preliminary 1381.5 0.0 2.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 28 Jan 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.973 5.370 0.655 6.884 54.912 107.819 0.926 9.469 2.954 1.066 93.545 40.110 1.135 9.607 0.809 26.870 29.160 0.539 0.887 Canada 1.028 5.518
      471 words
    • Article
      Lock icon SIBOR
      32 28 Jan 22 (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.***** Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 28 Jan 22 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 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.54 101.61 101.60 5-Year N*****0T 0.5 01-Apr-18 97.73 97.82 97.82
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    • Article
      Lock icon PRECIOUS METALS
      136 28 Jan 22 GOLD(US$/oz) Jan 22 Jan 21 Hong Kong 1248.00 1256.00 Jan 21 Jan 20 London 1241.12 1256.80 1241.75 1256.90 Source: Thomson Reuters CAST BAR Jan 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 115 51 5gm 326 255 10gm 582 510
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    • Article
      Lock icon PALM OIL
      59 28 Jan 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2569.0 2557.0 2580.0 2552.0 542 4298 Feb 14 2573.0 2565.0 2588.0 2556.0 6057 ***** Mar 14 2581.0 2575.0 2597.0 2563.0 ***** ***** Apr 14 2590.0 2575.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Jan 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1342 1.1349 0.8872 0.8876 Canadian dollar 1.1654 1.1662 0.9121 0.9116 Euro 1.7310 1.7315 1.3540 1.3542 NZ dollar 1.0644 1.0647 0.8326 0.8327 Sterling pound 2.1040 2.1048 1.6458 1.6462
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 28 Jan 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 14 1280.50 1316.50 1314.00 1280.00 May 14 1264.00 1297.25 1295.50 1263.25 Jul 14 1249.75 1282.00 1280.50 1248.75 Aug 14 1214.75 1241.25 1238.50 1213.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 14
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    • Article
      Lock icon LIFFE
      94 28 Jan 21 COCOA (£/tonne) Close Prev High Low Mar 14 1717 1741 1746 1715 May 14 1705 1726 1732 1703 Jul 14 1701 1720 1725 1700 Sep 14 1695 1715 1719 1694 COFFEE(US$/tonne) Close Prev High Low Jan 14 1717 1715 1750 1710 Mar 14 1702 1720 1741 1687
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1097 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 40 2 224 0.0 5 -89 54 Asia-Pacific Strategic W*****6 0.4 1 123 174 112.50 4 Ratio Exer Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit
      1,097 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Jan 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.38 1.15 WTI (Near Mth) 94.97 1.26 Dubai (1-Mth F) 103.62 0.89 Tapis blend 115.82 1.66 Minas 108.82 1.66 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.67 0.95 Jet Kerosene 121.04 0.20 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Jan 22 S$ Bid Offer 1-month 1.2784 1.2786 2-months 1.2783 1.2785 3-months 1.2783 1.2785 6-months 1.2779 1.2782 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 28 Jan-21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1754.00 1762.65 3 months 1798.50 1806.50 Copper, Grade A(US$/tonne) Cash 7403.50 7359.00 3 months 7339.00 7314.00 Lead(US$/tonne) Cash 2187.50 2178.75 3 months 2212.00 2205.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Jan 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.158 1.103 Can dollar 1.187 1.142 Euro 1.774 1.690 Sterling pound 2.146 2.064 NZ dollar 1.087 1.046 US dollar 1.305 1.243 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 28 Jan 22 $S Offer Bid 0vernight 0.03 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: N/A US$ 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
      157 words
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  • PROPERTY
    • Article, Illustration
      Lock icon PE firms shift focus from German homes to offices
      1069 29 Investors in 2013 spent most on the country’s commercial properties in 6 years Bloomberg [BERLIN] Blackstone Group LP, the private-equity firm that cashed in on Germany’s booming housing market last year, plans to join the ranks of investors shifting money into
      Bloomberg; PHOTO: BLOOMBERG  -  1,069 words
    • Article
      Lock icon Househunt
      614 29 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 11 AND DEC 17, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 11/12/2013 99 2691 8250 3066 District 2 NON-LANDED Clermont Residence Apt
      614 words
    • Article, Illustration
      Lock icon The Arcade put up for sale by tender
      686 29  -  21 units of Newton Imperial also on sale by private treaty By FELDA CHAY feldac@sph.com.sg [SINGAPORE] The owners of The Arcade, which include property developer City Developments, are looking to sell the 20-storey commercial development in Collyer Quay for $900 million. The
      686 words
    • Article, Illustration
      Lock icon Secondary-market deals at lowest level since 2004
      478 30  -  Fall partly attributed to higher cost of replacing properties under new measures By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] The number of private homes changing hands in the secondary market halved from 15,678 units in 2012 to 7,695 units last year the lowest volume since
      Source: URA REALIS (Jan 20, 2014), DTZ Research  -  478 words
    • Article
      Lock icon Japan to trigger rebound in inner-city property prices
      560 30 Bloomberg [TOKYO] Japan wants to trigger a jump in inner-city property prices by loosening building restrictions in test zones under Abenomics, a government adviser said. “Central-city property prices will likely rise when various plans are announced,” Tatsuo Hatta, 70, a member of
      Bloomberg  -  560 words
    • Article
      Lock icon Enough cash to fund insurance deal: Fosun
      353 30 Reuters [SHANGHAI] Chinese conglomerate Fosun International Ltd reassured investors yesterday that it has enough cash on hand to fund the one billion euro (S$1.7 billion) purchase of the insurance arm of a Portuguese state bank and it will continue to buy foreign assets
      Reuters  -  353 words
    • Article
      Lock icon IOI Properties set for overseas income boost
      479 30 But building M’sia townships remains its bread and butter Bloomberg [KUALA LUMPUR] IOI Properties Group, the developer which joined Malaysia’s benchmark index on Tuesday, wants to broaden its income sources with foreign revenue and more investment properties, its new chief executive officer said.
      Bloomberg  -  479 words
    • Article, Illustration
      Lock icon Princeton’s urban homes find few takers
      1021 30 NYT [NEW YORK] A development in downtown Princeton, New Jersey, was intended to entice wealthy buyers with the promise of luxury living in a vibrant downtown setting. Yet since 2012, only a handful of units have sold. By most calculations, the 100-unit complex of
      NYT; PHOTO: LAURA PEDRICK/THE NEW YORK TIMES  -  1,021 words
    • Article, Illustration
      Lock icon 3,139 BTO flats up for sale in 5 estates
      543 31  -  They make up the first tranche of 24,300 HDB flats to be rolled out this year PUBLIC HOUSING By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] Some 3,139 new flats across five estates have been launched in the Housing and Development Board’s first
      543 words
    • Article
      Lock icon All new BTO flats to come with eco-features
      392 31  -  Plan to manage water, energy, waste more efficiently By GRACE LEONG gleong@sph.com.sg [SINGAPORE] Singapore’s push for more eco-friendly buildings has expanded from the commercial and industrial space to that of public housing, with what is to date the biggest planned rollout of
      392 words
    • Article, Illustration
      Lock icon Swiss home prices reaching level of ’89 bubble
      420 31 Bloomberg [ZURICH] Prices in Switzerland’s booming housing market are approaching a level last reached in 1989, shortly before a slump in values that hurt the economy for years, UBS said. Residential-property values are about 5 per cent lower than the market’s peak
      Bloomberg; PHOTO: BLOOMBERG  -  420 words
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