The Business Times, 25 January 2014

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Microfilm: NL32958
Total Pages: 40
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JANUARY 25-26, 2014 S$1.00 MCI (P) 086/08/2013 A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon FIs invited to tap offshore yuan scheme
    22 1 RENMINBI TRADE MAS calls for applications for China’s renminbi qualified foreign institutional investor licence. 3
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  • Article
    Lock icon Cooling measures take their toll
    24 1 TURNING POINT NEARLY all indicators in URA’s fourth-quarter 2013 figures for the private housing market point towards weakening. 4
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  • Article
    Lock icon HDB resale flat deals at historic low
    35 1 NEW NADIR TRANSACTION volumes sinks to the lowest level since HDB started compiling data in 1997, as sales continue to weaken in the last quarter of 2013. 5
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  • Article
    Lock icon Score is 3-0 against Peter Lim
    31 1 ELUSIVE CLUB HIS dream of owning a football league club is dashed for the third time after Bankia rejects his takeover bid for Valencia. 6
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  • Article
    Lock icon Court passes the buck
    27 1 THAI POLLS A THAI court has left the decision on whether to delay the election to the government and the Election Commission. 17
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  • Article, Illustration
    Lock icon The BT Fa Cai Index: a more expensive CNY
    1117 1  -  Price increase accompanied by likely rise in wages By Raphael Lim, Sheena Tan raphlim@sph.com.sg tsheena@sph.com.sg Singapore COMPLAINTS about Chinese New Year spending getting more expensive is something that many are probably familiar with. So are we. The Business Times has compiled
    BT Graphics: Ludwig Ilio, Sheena Tan, Raphael Lim; Compiled by BT from Bloomberg, retailers, Straits Times newspaper ads, monthly income sources from Ministry of Manpower, non-official projections for 2013 and 2014 compiled by polling economists  -  1,117 words
  • Article
    Lock icon GDP estimates likely to be revised upwards
    1091 1  -  Unexpected growth of manufacturing sector by 6.2% in Dec from a year ago will result in upgrades: economists By Kelly Tay kellytay@sph.com.sg Singapore THE Republic’s Q4 and full-year GDP estimates look set to be revised higher than most expected, after the manufacturing sector
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      46 1 the business times www. usinesstimes.com. g JANUARY 25-26, 2014 S$1.00 MCI (P) 086/08/2013 THE RAFFLES CONVERSATION Britain’s financial Mr Fixit, Lord Adair Turner 8-9 DINING CNY snacks L8-9 WEALTH Exporters can ride on stronger US demand 28-29 LIVING Out of the junkyard comes upcycled furniture L2-3
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 HSTI 3,075.99 (-24.25) HSTI FUTURES 3,075.00 (-24.00) HSIMSCI 349.98 (-2.72) HSIMSCI FUTURES 349.10 (-2.50) STOCKS Friday Change KL COMP 1,802.57 -5.74 NIKKEI 225 15,391.56 -304.33 HANG SENG 22,450.06 -283.84 SET 1,314.63 +6.29 JAKARTA 4,437.34 -58.70 MANILA 6,191.50 +21.45 KOSPI 1,940.56 -7.03 SHENZHEN B 862.88 +6.59 MUMBAI IND 21,133.56 -240.10
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.606 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.278 (US$/S$ per 1.665 2.129 EURO (US$/S$/€ 1.369 1.750 Foreign currency per US$ S$ YEN 103.40 80.90 RM 3.332 2.606 HK$ 7.762 6.072 BAHT 32.87 25.71 RUPIAH 12,178 9,526 RENMINBI 6.048 4.731 INDIAN RUPEE 62.13 48.60 A$ 1.149 0.899 NZ$ 1.209 0.946
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    • Article
      Lock icon FIs invited to tap offshore yuan scheme
      488 3  -  MAS calls for applications for China’s RQFII licence, via custodian banks By Jamie Lee leejamie@sph.com.sg Singapore THE Monetary Authority of Singapore has called for applications for China’s renminbi qualified foreign institutional investor (RQFII) licence. Financial institutions that hold such a licence can offer
      488 words
    • Article
      Lock icon Private home, industrial space markets feeling squeeze from double whammy
      1346 4  -  They’re sandwiched between rising supply and cooling demand; office rent recovery appears to be in place By Kalpana Rashiwala kalpana@sph.com.sg Singapore OFFICIAL statistics show that the private residential property and factory space markets have turned under the weight of supply
      1,346 words
    • Article, Illustration
      Lock icon 2013 HDB resale flat deals hit record low
      877 5  -  Larger-than-estimated drop in prices in Q4 leads to first annual decline in eight years By Felda Chay feldac@sph.com.sg Singapore HOUSING Development Board (HDB) resale flat prices registered a drop in the fourth quarter of 2013 that was larger than estimated, leading to
      Source: HDB  -  877 words
    • Article, Illustration
      Lock icon Prices, rentals of industrial space in Q4 moderate
      657 5  -  By Jacquelyn Cheok jaccheok@sph.com.sg Singapore PRICES and rentals of industrial space were found to have moderated in the fourth quarter of last year. Observers expect this to carry on for the next few years, now that JTC Corporation plans to double the
      Source: JTC  -  657 words
    • Article
      Lock icon Score is 3-0 against Peter Lim
      579 6  -  Dream of owning a football club is dashed again as Bankia rejects his Valencia bid By Angela Tan angelat@sph.com.sg Singapore SINGAPORE billionaire Peter Lim’s dream of owning a league club was dashed for the third time after Bankia, the principle creditor and de facto
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    • Article, Illustration
      Lock icon A right wanton case of injustice
      770 7  -  SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg Correspondent joyceh@sph.com.sg With apologies to PG Wodehouse Atten: The Right Honourable Lord Whipplebottom, Esq., OBE, KBE, so on and so forth. Tuppy, my good man, Greetings from the Orient! By the time you read this missive, it will be
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    • Article, Illustration
      Lock icon Wanted: Ideas to mark Singapore’s 50th birthday
      424 7  -  Two-month campaign launched for public to make suggestions By Raphael Lim raphlim@sph.com.sg Singapore THE Singapore 50 (SG50) celebrations kicked off yesterday with a call by Education Minister Heng Swee Keat for all Singaporeans to join in and shape the celebrations. The celebrations are
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      47 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 Living L2-3 Travel L4-5 Home Garden L6-7 Dining L8-12 Health L13 Motoring L14-15 Sports L16 Real Estate 31
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      35 3 @Paya Ubi Type: 3 storeys with Pte Elevator Jt Built Up; 5,317 sq ft Tenure; 43 yrs b JERRY LUM Snr Marketing Director. MBA, CES CEALicence No.: R*****6 D ERA HP: 8288 0098 View: jerrylum.myweb.sg
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    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      136 3 o Soaring with Lucky Air to greater heights a Lucky Air operates 2 weekly direct flights between Singapore and Kunming via Guiyang with effect from 25 January 2014. SATS is proud to be Lucky Air’s preferred partner for your first international destination. For more than 60 years, we have been
      136 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The technocrat
      2044 8 / 9  -  Post-crisis, the world’s financial systems remain plagued by credit issues, says Britain’s financial Mr Fixit, Lord Adair Turner. By Teh Shi Ning By Teh Shi Ning tshining@sph.com.sg LORD Adair Turner, self-described “technocrat”, intends to work till he’s at least 75. That ought to be good news to those
      PHOTO: YEN MENG JIIN  -  2,044 words
    • Article
      Lock icon Towards the redistribution of wealth
      425 8 / 9 MANY have railed against the excessive compensation of bankers post-crisis and that is understandable, says Adair Turner, former chairman of the now-defunct UK Financial Services Authority. But, they cannot be held fully responsible for the rising inequality in various societies larger forces are at work.
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  • COMPANIES
    • Article
      Lock icon OCBC extends talks on Wing Hang takeover
      443 10  -  Exclusivity period for discussions on potential acquisition of HK bank stretched to March 3 from Jan 31 By Cai Haoxiang haoxiang@sph.com.sg Singapore EXCLUSIVE talks for a potential takeover of Hong Kong’s Wing Hang Bank by OCBC Bank will now take longer. In an
      443 words
    • Article, Illustration
      Lock icon M1 fined $25,000 on 3G outdoor service coverage
      429 10  -  By Joyce Hooi joyceh@sph.com.sg Singapore M1 has been fined $25,000 for falling short of outdoor service coverage requirements on the 3G network by the industry regulator, Infocomm Development Authority of Singapore (IDA). The IDA’s decision follows the completion of its Q2 and
      ST FILE PHOTO  -  429 words
    • Article
      Lock icon Blumont to bid for Australia’s Genesis
      418 10  -  By Kenneth Lim kenlim@sph.com.sg Singapore BLUMONT Group is launching an all-share bid for all of Austral-ia-listed miner Genesis Resources, the products sterilisation company turned mining holding company announced yesterday. Blumont is offering 5.3 new Blumont shares for every two Genesis shares, which would give
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    • Article, Illustration
      Lock icon OUE C-Reit’s IPO 2.75 times subscribed
      273 11  -  Trading expected to start at 2pm on Monday By Andrea Soh sandrea@sph.com.sg Singapore THE initial public offering of 208 million units by OUE Commercial Real Estate Investment Trust (OUE C-Reit) has been 2.75 times subscribed. The IPO at 80 cents a unit comprising a
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    • Article
      Lock icon PLife Reit’s Q4 DPU up 4.5% at 2.82 cents
      441 11  -  By Mindy Tan tanmindy@sph.com.sg Singapore PARKWAY Life Reit’s (PLife Reit’s) distribution per unit (DPU) for the fourth quarter ended December rose 4.5 per cent to 2.82 cents, as distributable income went up 4.5 per cent to $17 million. This was driven
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    • Article, Illustration
      Lock icon Starhill Global Reit’s Q4 DPU rises 8.8% to 1.23 cts
      486 11  -  By Mindy Tan tanmindy@sph.com.sg Singapore STARHILL Global Reit saw distribution per unit (DPU) rise 8.8 per cent to 1.23 cents for the fourth quarter ended December, as income to be distributed to unitholders rose 20.6 per cent to $26.5 million.
      FILE PHOTO  -  486 words
    • Article, Illustration
      Lock icon Slowing China surfaces as market’s latest worry
      589 12  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent CHINA has not really featured as a major driving force for equity markets for many months instead, investors have been obsessed by US Federal Reserve tapering for about nine months now but the health of the Chinese
      589 words
    • Article, Illustration
      Lock icon Ezra division wins deals worth US$80m
      243 12  -  By Malminderjit Singh msingh@sph.com.sg Singapore OFFSHORE and marine company Ezra Holdings’ subsea services division (EMAS AMC) has clinched projects worth about US$80 million, including options. The projects cover a large spectrum of subsea work, including the decommissioning and towage of a floating production storage
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    • Article
      Lock icon STI STOCKS
      114 12 Stock name Close Change CapMallsAsia 1.835 -0.020 CapitaLand 2.830 -0.040 CapitaMall 1.890 -0.005 CityDev 9.300 -0.110 ComfortDelGro 1.925 -0.005 DBS Grp 16.67 -0.170 GLP 2.890 -0.030 Genting SP 1.430 -0.020 Golden Agri 0.515 -0.010 HK Land 6.090 -0.130 HPH Trust US$ 0.670 -0.005 JMH 55.00 +0.450 JSH 32.49
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    • Business briefing
    • Article
      Lock icon TOP 20 ACTIVES
      188 12 VOL CLOSE Transcu Grp 203,356 0.1 0.1 50 0 HanKore 1 25,434 1 1 4 0.1 0 9 CCM Grp 1 25,076 2 1 0.2 8 7 Blumont 91,784 8 0.9 1 2 -0.1 .7 AdvanceSCT 81,179 0.5 0.1 25 0 Albedo 79,916 6.1 0.0 0 0
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    • Article
      Lock icon TOP GAINERS
      63 12 BY CENTS CLOSE UP GLD 10US$ ***** 242.8 1.6 DBXT MSTHAI 10US$ 1790 57.5 2.6 JMH 5500 57.5 0.8 DBXT MSTaiwan 10US$ 1965 43.5 1.8 DBXT MSINDIA 10US$ 848 35.8 3.4 IS Asia BND 100US 1011 15.3 1.2 Isetan 440 9.0 2.1 DBXT CSI300 10US$ 696 7.7 0.9
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    • Article
      Lock icon TOP LOSERS
      58 12 BY CENTS CLOSEDOWN Pan Ocean 100 350-2550.0 -87.9 DBXT MSKorea 10US$ 5867 -240.3 -3.1 Lyxor Indonesia10US$ 7494 -236.4 -2.4 Jardine C&C 3751 -168.0 -4.3 JSH 3249 -98.4 -2.3 DBXT S&P500 10US$ 3014 -38.3 -1.0 DBXT FTChina25 10US$ 2769 -29.4 -0.8 Lyxor LatinAmerica 1 610 -21.7 -2.7 Keppel Corp
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    • Article
      Lock icon Both of China Paper’s IDs in S’pore resign
      702 13  -  Company applies for trading suspension due to its inability to comply with SGX regulations By Malminderjit Singh msingh@sph.com.sg Singapore CHINA Paper Holdings, which lost all its financial records in a fire in 2012, is once again in trouble. Both of its independent
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    • Article
      Lock icon China FlexPack auditors raise going-concern issue
      417 13  -  By Kenneth Lim kenlim@sph.com.sg Singapore THE auditors of China Flexible Packaging Holdings have drawn attention to potential doubts about the company’s ability to continue as a going concern. “Without qualifying our opinion, we draw attention to Note 2 to the consolidated financial statements which
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      18 13 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices WATS NOTICES
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    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      344 13 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF KOJIN CONTRACTS PTE LTD Co. Registration No. *****2629K IN MEMBERS’VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the above named Company held at 10 Ubi Crescent #04-66 Ubi Techpark, Singapore *****4 on the 201h day
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  • SINGAPORE
    • Article
      Lock icon Businesses here to factor in higher wages for cleaners
      747 14  -  New licensing framework applies to new contracts or when renewing existing ones By Malminderjit Singh msingh@sph.com.sg BUSINESS costs here are set to increase as a new licensing framework for cleaning companies requires them to factor in higher wages for cleaners into
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    • Article
      Lock icon Sim Ann urges SMEs to stay ahead through innovation
      443 14  -  By Jamie Lee leejamie@sph.com.sg SMALL and medium-sized enterprises (SMEs) should try to boost productivity, said Sim Ann, Minister of State for Communications and Information, and Education. “In the face of new challenges, companies are looking into ways to improve their productivity,
      443 words
    • Article, Illustration
      Lock icon Singapore is 10th most dynamic city: report
      544 15  -  Republic has ‘many of the ingredients of long-term success’, says JLL official By Vivien Shiao vshiao@sph.com.sg SINGAPORE has emerged 10th in a global report on the world’s top 20 most dynamic cities. According to Jones Lang LaSalle’s (JLL) City Momentum Index (CMI), the
      Source: Jones Lang LaSalle  -  544 words
    • Article
      Lock icon Subscription services firm slapped with 78 charges
      387 15  -  By Raphael Lim raphlim@sph.com.sg A COMPANY, which has sent letters to businesses asking for verification of details, is facing charges by the Accounting and Corporate Regulatory Authority (Acra) under the Companies Act. In a statement yesterday, Acra said that 78 charges were brought
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    • Briefing
      • Article
        Lock icon LTA awards Shimizu $190m tunnel contract
        54 16 THE Land Transport Authority has awarded a $189.8 million civil contract to Japan’s Shimizu Corp for the construction of Thomson Line tunnels from Seletar Expressway/Woodlands Avenue 12 to Springleaf Station. Construction is expected to start by the first quarter of this year and scheduled
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      • Article
        Lock icon New EDB board member
        45 16 KULICKE Soffa Industries president and CEO Bruno Guilmart has been appointed as a new board member at the Economic Development Board with effect from Feb 1, 2014. Kulicke Soffa is a global designer and manufacturer of semiconductor and LED assembly equipment.
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      • Article
        Lock icon Over 300 jobs created in IP sector
        53 16 MORE than 300 jobs were created in the intellectual property sector last year, driven by demand for IP services from high-technology companies that have set up operations here. About 40,000 trademark applications were filed in 2013while total patent applications filed by locals rose
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    • Article
      Lock icon S’pore, US boosting technical assistance to other countries
      405 16  -  The two countries’ bilateral programmes will benefit region: US ambassador By Malminderjit Singh msingh@sph.com.sg SINGAPORE and the United States are together increasing technical assistance and educational and cultural training to other countries that will benefit the region, according to Kirk Wagar, the
      405 words
    • Article, Illustration
      Lock icon Bentley offers driving on ice experience
      134 16 FOUR-TIME World Rally champion Juha Kankkunen will be working with Bentley’s factory-trained driving experts to offer in-depth tuition for participants of Bentley’s upcoming Power on Ice driving experience in Finland. The programme, availa- ble from Feb 6 to March 6, takes place near Kuusamo,
      PHOTO: BENTLEY  -  134 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      171 15 30% off GNC Mega® Men Sport and GNC Women’s Ultra Mega Active combo! (U.P. $139.90. Free frosted pill box with above purchase) Venue: GNC, Marina Bay Link Mall, No.8A Marina Boulevard, #B2-60, Singapore *****4 Tel:(65) 6509 3885 Website:www.gnc.com.sg Terms Conditions: Promotion valid from 25 January 2014 to 31 January 2014
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      35 16 big Think For a nation, that is. Join the fight against obesity on behalf of Singapore. Flip to Page R2 of today’s CATS Recruit for the full details for the position ofBusiness Head, Food Strategy.
      35 words
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  • WORLD
    • Article
      Lock icon Time for the US to lead again
      803 17  -  Failure by Congress to ratify historic IMF reforms comes at an enormous cost to US standing in the world COMMENTARY By Joe Hockey, Tharman Shanmugaratnam ~Joe Hockey is the Treasurer of Australia, which is G-20 Chair for 2014. Tharman Shanmugaratnam is Singapore’s Deputy
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    • Article, Illustration
      Lock icon Govt, Election Commission to decide whether to delay election
      597 17 Reuters Bloomberg Bangkok A THAI court yesterday threw a decision on whether to delay an election due to deadly political unrest back to the government and the Election Commission, leaving the controversial vote mired in uncertainty. The Constitutional Court ruled that
      Reuters; Bloomberg; PHOTO: AFP  -  597 words
    • Article, Illustration
      Lock icon HSBC bullish on M’sia economy this year
      734 18 A lot of external uncertainties are out of the way, bank says Kuala Lumpur THE Malaysian economy is expected to fare better this year, with a lot of external uncertainties out of the way, HSBC Bank said. According to Malaysia’s Business Times, the
      PHOTO: BLOOMBERG  -  734 words
    • Article
      Lock icon Ranbaxy shares down 20% as 4th plant is hit by US drugs ban
      323 18 Bloomberg Washington RANBAXY Laboratories Ltd, India’s largest drugmaker, can’t produce or distribute drug ingredients from a fourth plant in India for the US market, regulators ordered. The stock plunged. A US Food and Drug Administration inspection of
      Bloomberg  -  323 words
    • Article
      Lock icon Tenaga shares ease despite Q1 results
      461 18  -  By S Jayasankaran btworld@sph.com.sg Kuala Lumpur TENAGA Nasional shares ended a tad lower yesterday at RM 11.48 on profit-taking amid heavy trade, even after the utility posted first-quarter earnings of more than RM1.4 billion (S$535 million) on Thursday. Electricity tariffs were raised by 15
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    • Article
      Lock icon FBI warns US retailers of more cyber attacks
      586 19 It says point-of-sale malware crime will continue to grow over the near term Reuters Washington THE FBI has warned US retailers to prepare for more cyber attacks after discovering about 20 hacking cases in the past year that involved the same kind
      Reuters  -  586 words
    • Article, Illustration
      Lock icon Chidambaram challenges RBI proposal to prioritise inflation
      577 19 Bloomberg New Delhi INDIAN Finance Minister Palaniappan Chidambaram said the central bank must keep the objective of supporting growth in Asia’s third-biggest economy, a challenge to implementing a proposed shift to an inflation target. A Reserve Bank of India (RBI) panel this week
      Bloomberg  -  577 words
    • Article, Illustration
      Lock icon Emerging market currencies plunge in Fed taper fallout
      692 20 They are seen as posing a threat to world financial stability after the Turkish lira, South African rand and Brazil’s real take a hit Bloomberg New York THE worst sell-off in emerging market currencies in five years is beginning to reveal the
      Bloomberg; PHOTO: BLOOMBERG  -  692 words
    • Briefing
      • Article
        Lock icon ICBC won’t compensate investors for losses: report
        96 20 Bloomberg Davos Industrial Commercial Bank of China chairman Jiang Jianqing said the lender won’t compensate investors for losses tied to a troubled trust product distributed by the bank, CNBC reported on its website yesterday. The incident will be a lesson for investors on
        Bloomberg  -  96 words
      • Article
        Lock icon Top central bankers seek to allay fears over tapering
        138 20 AFP Davos Fears of economic instability due to the slowing of massive monetary stimulus policies are unwarranted, top central bankers said yesterday amid accusations that the easy money has won only a timid recovery. In Britain, the Bank of England has
        AFP  -  138 words
      • Article
        Lock icon Samsung posts first fall in quarterly profit in two years
        116 20 AFP Seoul South Korea’s Samsung posted its first fall in quarterly profit in two years yesterday due to a oneoff bonus, a strong won and slowing sales of high-end smartphones offered by the world’s largest electronics group. Operating profit stood
        AFP  -  116 words
      • Article
        Lock icon Spain may cut corporate tax rate to as low as 20%
        116 20 Bloomberg Madrid Spain’s panel of tax experts will propose cutting corporate levies to as low as 20 per cent, the same as rates paid by small and medium-sized enterprises, said two people familiar with the recommendations. The panel of
        Bloomberg  -  116 words
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      Lock icon Page 19 Advertisements Column 1
      65 19 HOT PROPERTY P 00 m "T g, 4 T s,rnei Premium Unit Mid Sf toMaim' UnWoc ted; ft 0 Expo, sum MRT P« te s 4 L obtained Face w m™' T P ture MRT. N Near fu0.18 NV RESIDENCES Rr=, PRIVATE APARTMENTS FOR SALE Check this and many other
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  • SGX
    • Article
      Lock icon SGX MAINBOARD
      8003 21 Transaction date: Jan 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 14.1 11.5 8Telecom 11.7 11.6 12.8 10.6 0.9 9.7 56 20 3.3 A-Sonic 12 unch 2391 12.2 11.9 11.9 12 1.1
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    • Article
      Lock icon SGX CATALIST
      1927 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 $mil 37 17.3 t 3Cnergy 500 27.5 26 31 27.1 27.5 17.1 t 800 Super 26 23 25.5 3.2 3.8 8.1 46.5 6.2 2.8 t AA
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 6 5 0 0 0 2 6 5 Manufacturing 27 67 38 5 7 12 32 74 50 Commerce 17 18 21 2 3 7 19 21 28 Tpt/Stor/Comms 11 15 13
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      791 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 20 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Internet Tech 23-Jan-14 Goh Ching Wah Buy 105 0.14 8407 6.30 8512 6.38 Internet Tech 23-Jan-14 Goh
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,352 25,352 94,174 94,174 Manufacturing 294,614 85,349 379,963 146,603 3,534 150,137 Commerce 196,735 192,306 389,041 88,309 15,730 104,040 Tpt/Stor/Comms 76,275 5,955 82,230 137,599 650 138,249 Finance 82,364 501 82,865 185,203 140 185,343 Construction 71,704 202,125
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  • MARKETS
    • Article
      Lock icon LIFFE
      93 25 Jan 23 COCOA (£/tonne) Close Prev High Low Mar 14 1773 1718 1774 1724 May 14 1762 1705 1763 1712 Jul 14 1755 1702 1755 1708 Sep 14 1748 1696 1750 1702 COFFEE(US$/tonne) Close Prev High Low Jan 14 1720 1696 1720 1720 Mar 14 1710 1686 1725 1684
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    • Article
      Lock icon METALS
      67 25 Jan 24 GOLD(US$/oz) Jan 24 Jan 23 Hong Kong 1265.00 1244.00 Jan 23 Jan 22 London 1259.20 1240.90 1260.20 1241.53 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.15 25.36 Source: UOB PLATINUM Lon (US$/oz) Jan 23 Close Previous PM Fix 1454.00 1458.00 AM Fix 1452.00 1449.00 Source:
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jan 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.145 1.091 Can dollar 1.172 1.127 Euro 1.791 1.706 Sterling pound 2.166 2.083 NZ dollar 1.082 1.041 US dollar 1.305 1.243 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 25
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    • Article
      Lock icon PALM OIL
      57 25 Jan 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2581.0 2577.0 2581.0 2570.0 363 3231 Feb 14 2590.0 2583.0 2592.0 2574.0 2613 ***** Mar 14 2598.0 2591.0 2601.0 2582.0 ***** ***** Apr 14 2593.0 2592.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 25 Jan 24 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-16 101.56 101.67 101.58 5-Year N*****0T 0.5 01-Apr-18 97.96 98.08 98.00
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      Lock icon INTERBANK CURRENCY RATES
      155 25 Jan 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1122 1.1127 0.8702 0.8703 Canadian dollar 1.1483 1.1488 0.8986 0.8985 Euro 1.7492 1.7500 1.3686 1.3688 NZ dollar 1.0570 1.0576 0.8270 0.8272 Sterling pound 2.1283 2.1292 1.6652 1.6654
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      Lock icon CHICAGO BOT
      104 25 Jan 23 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 14 1277.00 1279.50 1296.75 1275.25 May 14 1262.50 1265.00 1282.00 1261.00 Jul 14 1250.25 1252.25 1268.75 1248.75 Aug 14 1212.75 1217.00 1229.50 1211.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 14 37.86 37.84 38.25 37.77
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      Lock icon OIL
      68 25 Jan 23 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.05 0.13 WTI (Near Mth) 97.39 0.56 Dubai (1-Mth F) 104.19 0.54 Tapis blend 116.25 0.53 Minas 109.25 0.53 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.78 0.84 Jet Kerosene 121.68 0.64 US$/barrel OpecOil Basket Price 106.11
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      Lock icon LONDON METALS
      72 25 Jan 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1719.00 1738.75 3 months 1763.00 1783.00 Copper, Grade A (US$/tonne) Cash 7230.00 7328.50 3 months 7206.00 7292.00 Lead (US$/tonne) Cash 2133.00 2173.50 3 months 2153.00 2195.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/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 23 Index Change Change Change Change Change Change World Preliminary 1179.8 -0.9 -0.4 -0.7 0.6 -0.7 -0.6 EAFE Preliminary 957.7 -0.9 0.2 -0.4 1.3 -0.4 0.0 Europe Preliminary 1368.4 -0.8 1.0
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  • PERSPECTIVE
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      Lock icon When love of money becomes an addiction
      2530 26 / 27  -  Wall Street is a toxic culture that encourages the grandiosity of people who are desperately trying to feel powerful. By Sam Polk By Sam Polk NYT IN MY last year on Wall S t r e e t US$3.6 million and I was
      NYT; PHOTO: BLOOMBERG  -  2,530 words
  • Page 26 / 27 Miscellaneous
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      354 26 / 27 SATURDAY with Ludwig It looks like a hostile takeover. in the Year of the Horse.’ CRYPTIC CROSSWORD Across 7 Boy attending to a composition (6) 8 King Henry’s lead in unusual role of Robin Hood perhaps (4,4) 9 Live accommodated by one encouraging soft drink (4,4) 11 Occasion for people
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Exporters can ride on stronger US demand
        1171 28 / 29  -  Asian economies look well poised to benefit from the US recovery, with Singapore among those gaining the most WEALTH INSIGHTS Fan Jiang JP Morgan Private Bank ~The writer is chief investment strategist for Asia at JP Morgan Private Bank INCREASINGLY, evidence points to
        PHOTO: AFP  -  1,171 words
      • BROKERS’ TAKE
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          Lock icon Singapore Exchange
          316 28 / 29 Hold OCBC Investment Research Jan 23 Close: $6.95 SINGAPORE Exchange (SGX) delivered Q2FY14 net earnings of $75 million, down 1.8 per cent year on year (y-o-y) and 18.8 per cent quarter on quarter (q-o-q). This is higher than market consensus of $71 million based on Bloomberg. While the
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          Lock icon Suntec Reit
          276 28 / 29 Buy Maybank Kim Eng Research Jan 24 Close: $1.595 RESULTS in line with expectations. Following the massive $410 million asset enhancement initiative (AEI) on Suntec City, Suntec’s FY2013 revenue contracted by a modest 10.6 per cent y-o-y to $234 million, forming 96.5 per cent of our and 98
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          Lock icon Keppel Corp
          208 28 / 29  -  Compiled by Cai Haoxiang Buy DMG Partners Research Jan 23 Close: $10.68 KEP reported a FY2013 headline net profit of $1.8 billion (-18 per centy-o-y). Stripping out revaluation gains, impairments and divestments, core net profit fell 26 per cent y-o-y on weaker earnings from its property, infrastructure and
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    • Article, Illustration
      Lock icon US developer wins 13.4b yuan land sale in Qianhai Bay zone
      299 30 Latest bid is most expensive plot ever sold in Chinese city of Shenzhen Reuters Hong Kong US developer Silverstein Properties and a Chinese partner bid a record 13.4 billion yuan (S$2.8 billion) to win a land sale in a
      Reuters; PHOTO: AFP  -  299 words
    • Article
      Lock icon Househunt
      598 30 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 11 AND DEC 17, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'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
      598 words
    • Article, Illustration
      Lock icon Gardens bloom in Berlin’s wartime airfield
      746 31 Tempelhof, the site of the Cold War Berlin Airlift, is now a hub for urban gardeners supermarket”.AFP Berlin TOMATOES, veggies and herbs are sprouting from Berlin parks, a shopping mall rooftop and even a former airfield in community gardens that pioneer farmers say add
      supermarket”.AFP; PHOTOS: AFP  -  746 words
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      54 31 THE BIG MOVE: Our Fengshui practitioner tells why the correct date is important I v. "V Best in Mobile Media (Gold) at Asian Digital Media Awards 2012 BEST CLASSIFIED WEBSITE with over 1 million unique monthly visitors At STProperty.sg, your ideal property isn’t hard to find A product of SPH,
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      148 32 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE ROYAL OAK CONCEPT SERIES CONTINUES TO PUSH THE BOUNDARIES OF AUDEMARS PIGUET SAVOIR-FAIRE. THIS CONCEPT GMT TOURBILLON, WITH DUAL TIME FUNCTION, FEATURES WHITE CERAMIC BEZEL, CROWN, PUSHER AND BRIDGE. NINE TIMES HARDER THAN STEEL, CERAMIC IS EXCEPTIONALLY DIFFICULT TO WORK,
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      56 1 LivingBTTHE BUSINESS TIMES WEEKEND JANUARY 25-26, 2014 RETRO ACTIVE Out of the junkyard comes upcycled furniture L2-3 DINING Festive treats L8-9 TRAVEL Old-world charm in a new age L4-5 DINING Raising the bar L10-12 DISTRICT EIGHT DESIGN HOME GARDEN Open house L6-7 MOTORING Design class L14 NO HOLDS BARRED What's
      56 words
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  • BT Living
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      Lock icon RETRO ACTIVE
      1959 2 / 3  -  Out of the junkyard come scraps and bits that designers have pieced together, painted over, polished and re-purposed. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg AS much as it is a chore, Chinese New Year would not be complete without spring cleaning, the annual ritual of
      1,959 words
    • TRAVEL
      • Article, Illustration
        Lock icon Old-world charm in a new age
        1155 4 / 5  -  Just a stone’s throw from Tokyo, both Chiba and Ibaraki offer a world of difference and mix new and old to create their own individual charm. By Dylan Tan By Dylan Tan dylantan@sph.com.sg WITH the world’s best sushi restaurants (among other things) only about
        1,155 words
    • HOME & GARDEN
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        Lock icon OPEN HOUSE
        1159 6 / 7  -  personal space During the forthcoming Chinese New Year, the Ngs will play hosts to family and friends in their home off Changi Road. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg THE Ng family home off Changi Road is party central when it comes to Chinese New
        ALL PHOTOS BY YEN MENG JIIN  -  1,159 words
    • DINING
      • Article, Illustration
        Lock icon NEW YEAR DELIGHTS
        1167 8 / 9  -  Looking to fill your festive canisters with creative treats? Jaime Ee and Rachel Loi do a taste test Jaime Ee Rachel Loi jaime@sph.com.sg rachloi@sph.com.sg My Lovebites 412 Joo Chiat Rd Z6345 9677 www.mylovebites.com THIS time last year, cookie meister Olivia Lim launched her savoury and spicy firecracker
        PHOTOS OF JONATHAN’S BY YEN MENG JIIN  -  1,167 words
      • Article, Illustration
        Lock icon Raising the bar
        2885 10 / 11  -  With the cocktail bar scene as thriving as it is in Singapore these days, hotel bars too are not to be left behind. Three have upped their game by roping in top mixologists, growing their own herbs and specialising in craft beers. By Debbie Yong By Debbie
        ONE-NINETY PHOTOS: YEN MENG JIIN  -  2,885 words
    • HEALTH
      • Article, Illustration
        Lock icon Cheaper option may not be a bargain
        1126 13  -  Choose treatments wisely, as the less expensive path may result in a poorer outcome 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);
        PHOTO: STOCK XCHNG  -  1,126 words
    • MOTORING
      • Article, Illustration
        Lock icon DESIGN CLASS
        695 14  -  The new Mercedes-Benz S-Class has a designer cabin that doesn’t look anything like the one in your father’s car. By Samuel Ee By Samuel Ee samuelee@sph.com.sg MUCH has been said about the new Mer-cedes-Benz S-Class’ styling and how edgy and sporty it has become. But perhaps it is
        695 words
      • Article, Illustration
        Lock icon X hits the spot
        632 15  -  BMW has made the new X5 more luxurious and comfortable. By Samuel Ee samuelee@sph.com.sg IT may come as a bit of a surprise to learn that the world’s top luxury carmaker says it has made its new BMW X5 more luxurious. So what was this premium
        632 words
    • SPORTS
      • Article, Illustration
        Lock icon What’s the Mata with Man United?
        964 16  -  |no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent JUST when you think that things have hit rock bottom for Manchester United, the club plunges even deeper into the abyss. The expected arrival of Spaniard Juan Mata from Chelsea cannot come soon enough. The Red Devils
        PHOTOS: ACTION IMAGES, REUTERS  -  964 words
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      1044 12 wine&dine with BTWeekend AquaMarine Marina Mandarin Singapore 6 Raffles Boulevard, Level 4 Prosperity Buffet at AquaMarine Jan 24 to Feb 14 Look no further for the ultimate Chinese New Year buffet with family, friends and loved ones at AquaMarine brings you sumptuous spread of traditional Chinese New year eats such
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