The Business Times, 15 August 2009

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Microfilm: NL30118
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 THE BUSINESS TIMES weekend www.businesstimes.com.sg AUGUST 15-16, 2009 Ssl.oo MICA (P) 198/08/2008 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon Earnings buckle under interrogation
    799 1  -  Joyce Hooi At last count, the first-half earnings of 402 listed companies are down a hefty 50.3% By joyceh@sph.com.sg Singapore WITH the verdict a foregone conclusion, investors and analysts are stifling languid yawns in the spectators' gallery as far as the latest earnings are concerned. Pleasing
    799 words
  • Article, Illustration
    Lock icon Head honchos work up a sweat
    780 1  -  Joyce Hooi Senior executives are discovering a parallel between physical endurance and corporate performance By joyceh@sph.com.sg Singapore WITH wooden clubs and samurai swords no longer trendy in polite society, the weapon of choice for today's Type-A corporate leaders has become the heart rate monitor.
    780 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      155 1 thi-: k.\itu-:sco\yi-:ks.\tio\ WEALTH A new column by ESPN's FRANCIS GURRY, DIRECTOR- Demystifying Dykes Ll6 GENERAL OF WIPO 8-9 swap-based ETFs 26-27 CASH CALL City Spring in $235 m rights issue Amount raised from 1-for-l offer will reduce bank debt, readying the trust for new investments and potential acquisitions. 2 GREAT
      155 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        47 2 KL COMP 1,188.57 +2.38 NIKKEI 225 10,597,33 +80.14 HANG SENG 20,893.33 +32.03 SET 654.25 -1.43 IAKARTA 2,386.86 -9.63 MANILA 2,850.01 -6.05 KOSPI 1,591.41 +26.77 SHENZHEN B 513.52 -15.89 MUMBAI IND 15,411.63 -106.86 12 noon EDT Chanpe 12 noon EDT cnange DOW 9,250.97 -147.22 NASDAQ 1,971.79 -37.56
        47 words
      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 5,55 HONG KONG 5,00 INDONESIA 16,354 TAIWAN 4,776 JAPAN 1,475 KOREA 9,33 BRITAIN 050 US 3,25 CANADA 2,25 SWITZERLAND 0,52 INDIA 11,75 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        48 2 uss s$ US$ (S$ per US$) 1,443 (US$/S$ per 1,654 2,387 EURO(USS/Ss/E) 1,427 2,060 Foreign currency per US$ S$ YEN 95,20 66,00 RM 3,519 2,438 HK$ 7,751 5,370 BAHT 34,03 23,57 RUPIAH 9,945 6,890 RENMINBI 6,834 4,735 INDIAN RUPEE 48,31 33,47 A$ 1,188 0,823 NZ$ 1.470 1.018
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    • Article, Illustration
      Lock icon CitySpring in $235m rights issue
      754 2  -  Conrad Tan Cash call to pay down debt and position company for new investments and possible acquisitions By conradt@sph.com.sg Singapore CITYSPRING Infrastructure Trust said yesterday that it is raising $235.2 million through a rights issue to reduce its bank debt, readying it for new investments
      754 words
    • Article
      Lock icon Patches of economic trouble in a triple-U
      709 4  -  Anna Teo Deutsche Bank chief economist sees upcoming problems in a number of places By anna@sph.com.sg Singapore NOT W-shaped but a triple-U. That's the economic scenario Norbert Walter reckons countries might well find themselves in up ahead. But, for now, there is light
      709 words
    • Article
      Lock icon HK pulls out of recession
      449 6 Reuters It grows by faster-than-expected 3.3% in Q2 Hong Kong HONG KONG pulled out of its deepest recession since the Asian financial crisis in the second quarter, growing by a much faster-than-expected 3.3 per cent from the previous quarter, in a further sign that the
      Reuters  -  449 words
    • Article, Illustration
      Lock icon US accounting board mulls expanding mark-to-market
      550 6 Reuters New York US accounting rule makers met on Thursday to consider expanding mark-to-market accounting rules to loans and other securities, moving ahead with a plan already strongly opposed by banks. Mark-to-market, or fair value accounting, requires companies to put market values on their
      Reuters; BLOOMBERG  -  550 words
    • Article
      Lock icon Questions fly in week one of Airocean trial
      537 6  -  Jamie Lee By leejamie@sph Singapore THERE was a stark role reversal this week as a witness from the Singapore Exchange (SGX) was hit by a spray of questions in the Airocean trial, in which three former Airocean directors have been charged with
      537 words
    • THIS WEEK
      • Article
        Lock icon A cautious celebration for Singapore
        83 7 SINGAPORE'S economy in the second quarter may have contracted less than expected, given that the Republic's first-half contraction was 6.5 per cent, as announced by Prime Minister Lee Hsien Loong during his National Day message on Saturday. Extrapolating the first-half figure and Ql's 9.6 per
        83 words
      • Article
        Lock icon Burned HK investors in protest to recoup losses
        63 7 ABOUT 100 Hong Kong investors burned by complex financial products linked to failed US investment bank Lehman Brothers protested yesterday, demanding that securities regulators help them negotiate a settlement. The demonstrators had bought so-called "Constellation" notes from DBS financial products that are
        63 words
      • Article
        Lock icon GDP may grow up to 1.8% in Q3: survey
        45 7 ALL indicators of the latest BT-Uni-SIM Business Climate Survey trended upward in Q2. And, the survey's results predict that Singapore's GDP will stage a turnaround with growth of up to 1.8 percent in the third quarter.
        45 words
      • Article
        Lock icon Directors should know when to go
        43 7 SHARP criticism of multiple directorships surfaced again at last week's NUS-BT roundtable discussion, with some industry players pushing for guidelines to state what is too many. The event was called "Should I stay or should I g°"
        43 words
      • Article
        Lock icon MTI refuses to get carried away by Q2 rebound
        56 7 THE numbers here finally show a decisive rebound. But, with no sign of any strong pick-up in external demand, the Ministry of Trade and Industry remains decidedly cautious about the outlook: Recovery in the second half of the year will probably
        56 words
      • Article
        Lock icon Port Klang Authority goes to police over scandal
        62 7 THE scandal over Malaysia's Port Klang Free Zone has gotten murkier. In the latest twist, the own-er-operator Port Klang Authority lodged a police report on Tuesday against the port's developer Kuala Dimensi and project consultant BTA Architect over unsubstantiated claims and irregularities
        62 words
      • Article, Illustration
        Lock icon Fans upset as it is all systems 'no' for Schumacher
        87 7 ONE of the biggest comebacks in recent sporting history has stalled before even making it to the starting grid. The much-anticipated return of seven-time world champion Michael Schumacher to the Formula One race track has been called off, spelling disappointment
        REUTERS  -  87 words
      • Article
        Lock icon An elite investment gets its day in the sun
        51 7 THE Good Class Bungalow market has sprung to life with high-net-worth individuals stepping up their purchases. July was an especially action-filled month which saw about 20 transactions worth more than $300 million, compared to $27.5 million for whole of Q1 this
        51 words
      • Article
        Lock icon Exchange-backed dark pool in the offing by 2010
        50 7 THE Singapore Exchange has joined hands with Chi-X to set up the region's first exchange-backed dark pool by mid-2010. The 50-50 joint venture will anonymously cross block trades of Singapore, Hong Kong, Japan and Austral-ia-listed stocks for big funds and institutional investors.
        50 words
      • Article
        Lock icon Western money knocks on hedge fund doors
        46 7 Hedge fund managers based in Singapore could see a fresh wave of money coming their way, as investors in the United States and Europe who missed out on the rally appear poised to pour their capital into Asian assets.
        46 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      43 2 fleflaflß NEWS LIVING Top Stories 2-6 Travel L2^ Week In Review 7 Dining L&i World 17,18 Home Garden LlO-11 Stocks Stats 19-23 Gadgets Ll2 Perspective 24-25 Shopping Ll3-15 Wealth 26-30 Sport LI 6 Househunt 3_2 Golf Ll7 Real Estate 32 Motoring LI B-20
      43 words
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  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      31 4 3S| W0 4 m^* zm 71 JACKPOT 1*1,500,000, This Monday! tLAYi Ahrays play with care. Towards Community Do not bet illegally. Purpos, end Benefit W—J BCB Reg No. *****0202G V POOLS
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      291 5 B?^ njSffi ®P ItSS _^r '"^B&r\ w'iftlr^k HBP My dream home is tn< a garden, surrounded by -flowers and greenery... ..||jj|j /r^s/7 scent In the vu,orning always, ..tjjjm and cool waters in VM.U sizu sanctuary. > 4m/& HhJ Bk iin^ P jf l I1IILj" Discover your dream home S BukitTimah
      291 words
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  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      201 7 CRYPTIC CROSSWORD 18 Wired message, stuff zT~^| yesterday's solution of group (9) Peripatetic, 11 Char, 14 Ireland, 16 21 Audible cries of 27 A group working in desert in one (5) staunch, 17 savoy, 18 Norm, 19 disapproval at college (7) 3 Stupid fool's after credit Os|°, 20 Aimer, 22
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      92 7 NEXT WEEK Aug 17-21, 2000 US DATA Aug 17 Empire manufacturing Aug Net long-term TIC Flows June Aug 18 Building permits July Core PPI July Housing starts July Aug 19 Crude inventories Aug 20 Initial job claims Leading indicators July Philadelphia Fed Aug Aug 21 Existing home sales July SINGAPORE
      92 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The rationalist
      2098 8  -  Amit Roy Choudhury In wealth creation nowadays, creative knowledge is replacing physical capital in a big way. The head honcho of the World Intellectual Property Organization plays a crucial role in ensuring a fair deal for everyone. By FRANCIS Gurry is a patient listener. And when he talks,
      ARTHUR LEE  -  2,098 words
    • Article
      Lock icon Raffles
      76 8 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Ho Bee Q2 gain surges, thanks to Sentosa Cove
      575 9  -  Kalpana Rashiwala Net profit jumps to $157.3m for period ended June, up from just under $37m a year ago By kalpana@sph.com.sg The last figure is believed to be for Ho Bee's 35 per cent share of The Pinnacle Collection site at
      575 words
    • Article
      Lock icon Wilmar's profit up 23% in Q2
      454 9  -  Emilyn Yap By emilyny@sph.com.sg Singapore PALM oil giant Wilmar International yesterday posted robust results for the second quarter ended June 30 net profit rose 23 per cent from a year ago to U*****.2 million. The proposed listing of its China operations also appears on
      454 words
    • Article
      Lock icon IndoAgri Q2 net falls 4.4%
      360 9  -  Oh Boon Ping By huwenbin@sph.com.sg Singapore HIT by lower selling prices of plantation crops and edible oil products, IndoAgri yesterday reported a 4.4 per cent slide in net income to 683 billion rupiah (5599.2 million) for the second quarter ended June 30. Revenue plunged 30
      360 words
    • Article
      Lock icon Rickmers cuts Q2 DPU to USO.6^ to conserve cash
      401 10  -  Vincent Wee By vincewee@sph.com.sg Singapore RICKMERS Maritime Trust (RMT), the last of the shipping trusts to report second-quarter results, has reported the biggest cut of all in distribution per unit (DPU) a 73 per cent plunge to just 0.6 of a
      401 words
    • Article, Illustration
      Lock icon STI ends week with 3.2% gain
      436 10  -  Conrad Tan STOCKS conradt@sph.com.sg Journalist STOCKS in Singapore ended the week on a positive note yesterday, despite signs of uncertainty creeping back into the market as investors reacted to a heavy flow of earnings reports from large companies. The Straits Times Index ended 17.33
      436 words
    • Article
      Lock icon SC Global net falls 32% in Q2
      298 10 SC Global Developments has reported a net profit fall of 32 per cent, to $7.8 million, for the second quarter ended June 30 from a year ago, dragged down by losses at its Australian unit AVJennings Ltd (AVJ) as well as a higher
      298 words
    • Article
      Lock icon TOP 20 ACTIVES
      101 10 Top percentage movers at www.businesstimes.com.sg Solden 163,508 50.5 -0.5 -1. \bterra 128,719 6 0.5 9.1 :zion 103,915 79.5 5.0 6: 90,554 8.5 0.5 linotel Tech 68,037 5.0 15. biosensors 66,656 1.5 ientini SP 62,474 89.5 -1.0 -1.1 lediaRii 51,795 18.5 1.0 5: :hinaAniH 51,550 18.5 1.0 5:
      101 words
    • Article
      Lock icon TOP GAINERS
      53 10 CLOSE UP iBXTMSKorea 10US$ 4098 226.5 IBXT Nifb 10US$ 9662 127.0 0.' iBXT FTVietnam 10US$ 5099 98.1 1.. )aii 622 31.7 3/ ;ld ious$ 9400 31.7 o.: ;ia 200 1276 30.0 2.. )SH 1700 28.9 i.: JOB MBL eCW*****2 138 28.0 25.! :if .0908 1018 19.0 1.' JtyDev
      53 words
    • Article
      Lock icon TOP LOSERS
      61 10 BY CENTS CLOSEDOWN UOB5.05%NCPS 100 ***** -40.0 -0.4 \sia Pac Brew 1182 -38.0 -3.1 DBXT FTChina25 10US$ 2943 -37.5 -0.9 DBXT S&P Short 10US: 6100 -36.1 -0.4 OCBCCai 5.1%NCPS 9830 -30.0 -0.3 CoscoCon .eCW09 64 -12.5 -16.3 SGX.ES.0908 853 -12.0 -1.4 OCBC Bk 5.1%NCPS 100 9960 -10.0 -0.1
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    • Article
      Lock icon STI STOCKS
      98 10 apitaLand 3.700 +0.040 litaMall 1.500 +0.020 :if 'Dev 10.200 +0.180 1.600 +0.030 :osco Corp 1.250 IBS Grp 12.920 +0.120 :&N 4.030 ientin: SP 0.895 -0.010 iolden A; ;ri 0.505 -0.005 IK Land 4.000 +0.050 IMH 29.760 +0.080 ISH 17.000 +0.200 lardine C&C 23.960 +0.140 Corp 8.050 -0.060 loble
      98 words
    • Article, Illustration
      Lock icon Swiber Q2 earnings fall as revenue drops
      420 11  -  Vincent Wee Second-quarter earnings down almost a fifth to USsl6.9m By vincweee@sph.com.sg Singapore OFFSHORE construction player Swiber Holdings said yesterday that its second-quarter earnings fell almost a fifth to US$l6.9 million as revenue dropped 11 per cent to US$llO.B million. The fall in
      420 words
    • Article
      Lock icon ComfortDelGro shares up after good results
      327 11  -  Nisha Ramchandani By nishar@sph.com.sg Singapore SHARES of ComfortDelGro continued to climb in trading yesterday after posting a fairly strong performance for the second quarter ended June 30. They closed three cents higher at $1.60, having been on an upward trend since July 6 last
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    • Article
      Lock icon ThaiBev net jumps 12% in Q2 to 2.75b baht
      317 11  -  Nisha Ramchandani By nishar@sph.com.sg Singapore THAI Beverage Public, Thailand's largest brewer and distiller, saw net profit jump 12 per cent year-on-year to 2.75 billion baht (Ssll7 million) in the second quarter ended June 30. Revenue rose 3 per cent to 26.7
      317 words
    • Business briefing
      • Article
        Lock icon Metro Q1 net more than doubles to $13.1m
        66 11 PROPERTY and retail group Metro Holdings saw net profit jump to $13.1 million for its first quarter ended June 30, from $5.6 million a year ago, mainly due to an increase in the fair value of its portfolio of short-term investments. Revenue
        66 words
      • Article
        Lock icon Lower costs boost Midas Q2 net 10% to $9.4m
        62 11 MIDAS Holdings' secondquarter net profit increased 10.1 per cent to $9.4 million in the three months ended June 30, with its key aluminium alloy unit benefiting from lower material costs. Midas's associated company Nanjing SR Puzhen Rail Transport Co contributed $0.2
        62 words
      • Article
        Lock icon WBL Q3 net profit drops marginally to $11.74m
        63 11 WBL Corp saw net profit fall 0.1 per cent to $11.74 million for its third quarter ending June 30, after accounting for a non-recur-ring loss of $5.2 million. Revenue rose 4.3 per cent to $496.8 million. The group's performance was bolstered by
        63 words
      • Article
        Lock icon Higher sales slow Golden Agri profit decline in Q2
        92 11 Bloomberg GOLDEN Agri-Resources, the world's second-largest palm oil producer, said a decline in second-quarter profit slowed from the previous three months on higher sales. Net income fell 65 per cent to $55.1 million in the three months ended June 30, from
        Bloomberg  -  92 words
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  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      68 10 1 *****, ***** ***** sq ft pt Total 4 Plots Nice Wide Frontage SPP^fii!' Panoramic View I Quiet and Easy Access to Tanglin Road 1 Attractive Price Newsman Sole Marketing Agenl I• 8E Gallop Rd. *****/7800 sq ft 7 rooms, beautiful garden, Build up area approx ***** sq ft posh
      68 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Restoring trust in financial institutions
      737 12 Financial institutions need to go beyond merely fulfilling their legal obligations, to truly engage consumers and meet their evolving needs in this challenging and volatile economic climate. FROM THE DESK OF Simon Newman Managing director Aviva Singapore THE past year has been one of the
      737 words
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  • SINGAPORE
    • Article
      Lock icon Retail sales slide eases in June
      360 13  -  Nisha Ramchandani Figures suggest consumers are becoming more confident about economy, analysts say By nishar@sph.com.sg RETAIL sales fell 8.2 per cent year-on-year in June, but there are signs that consumer confidence is on the mend, economists say. Excluding vehicles, retail sales were down 1.5
      360 words
    • Article, Illustration
      Lock icon Omega leads countdown to YOG
      332 13  -  Rachel Sim By rachsim@sph.com.sg A PIONEER spirit and perseverance has made luxury watchmaker Omega the prestigious brand that it is today. Marking another chapter in its long-standing association with the Olympic movement, it has now taken on its newest role as official timekeeper for the
      ARTHUR LEE  -  332 words
    • Article
      Lock icon Nigerian trade forum to be held here next week
      204 13 NIGERIA hopes to raise its profile among investors here through a trade forum next week. The Nigeria-Singapore Business and Investment Forum at Raffles City Convention Centre on Aug 17-18 will showcase investment opportunities for Singapore companies and business people. Nigeria also
      204 words
    • Article, Illustration
      Lock icon Change in service mindset needed
      824 14  -  Brandon Chew Training is not enough, staff need to think creatively to apply what they have learnt Reports by brandonc@sph.com.sg "YOU get more when you're served in Singapore." This is the mindset that the country should work towards, according to service excellence guru Ron Kaufman.
      824 words
    • Article
      Lock icon 'Serving the world from Singapore'
      341 14 RON Kaufman's vision is for Singapore to become a centre for service excellence. And by establishing the successful UP Your Service! College here, he is taking steps to make it happen. Founded in 2006, the college helps organisations "build a superior service culture for sustainable
      341 words
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  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      281 14 Master Voice Power, Speech Confidence Impact! REALITY CHECK: Is this YOU? •Are you difficult to hear because you are soft spoken? /Do you speak too fast that your words run into each other? •Do you speak in a monotone voice that is boring to your jistener? •Do you cringe at
      281 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Letter, Illustration
      Lock icon Aussie parents are 'kiasuy too
      605 15  - Aussie parents are 'kiasu y too Nicholas Yap THEY say parents in Singapore are "kiasu". They obviously haven't met the Australians. These are parents who start "queuing" their kids for primary school slots even before they are born! Yes you heard me. Before they are born. So you can imagine
      AFP  -  605 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      224 15 MOW DEFINING GLOBAL LIVING 1 y^U %^ML IN BANGKOK special2s™anniversary «ft O PROMOTION JV Ascott invites you to celebrate its 25 th anniversary with special rates and promotions JII^R!?' '^^S^^ at our participating serviced residences in Bangkok. Experience the city's most EJktij j3ft popular destinations for culture, shopping, dining and
      224 words
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      Lock icon Page 15 Advertisements Column 2
      17 15 THE ASCOTT GROUP A Member of CapitaLand This series is brought to you by The Ascott Group
      17 words
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  • WORLD
    • Article
      Lock icon No change in US July consumer prices
      532 16 AP, Reuters Prices have dropped the most in nearly 60 years as recession, lower energy costs stem inflation Washington US consumer prices were flat last month as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped
      AP, Reuters  -  532 words
    • Article, Illustration
      Lock icon Norway's SWF owns 1% of world's stocks
      586 16 Reuters, Bloomberg Oslo NORWAY'S US$397 billion sovereign wealth fund yesterday said that it now owns one per cent of the world's stocks after posting its best ever quarterly results for April-June. Buoyed by a broad financial market rally from the depths of the
      Reuters, Bloomberg  -  586 words
    • Briefing
      • Article
        Lock icon Taiwan leader says more than 500 dead in typhoon
        82 16 Reuters ei TAIWAN President Ma Ying-jeou yesterday estimated that more than 500 people had died in flooding and mudslides after typhoon Morakot struck Taiwan a week ago. Mr Ma gave his estimate of the death toll, a jump from the official
        Reuters  -  82 words
      • Article
        Lock icon Criminal complaints filed against ex-ÜBS bosses
        44 16 AP •n FORMER ÜBS AG chairmen Marcel Ospel and Peter Kurer could face charges related to the bank's alleged practice of helping US clients evade taxes, after the Swiss Social Democratic Party filed criminal complaints against them yesterday.
        AP  -  44 words
      • Article
        Lock icon Consumer prices in euro zone fall 0.7% in July
        63 16 AFP Is CONSUMER prices in the 16 euro countries fell a record 0.7 per cent in luly over 12 months after dropping for the first time the previous month, EU data showed yesterday, raising fears of deflation. The inflation rate was
        AFP  -  63 words
      • Article
        Lock icon Thailand changes Asean summit location
        64 16 AFP )k THAILAND is moving an Asean summit in October away from the island of Phuket because it coincides with a religious festival, a minister said yesterday. The meeting of leaders from the Association of Southeast Asian Nations and regional dialogue partners will now take
        AFP  -  64 words
      • Article
        Lock icon Nomura Int'l hits £1.3b loss on staff costs
        83 16 Reuters >n THE UK-based unit of Nomura Holdings, Japan's biggest brokerage, saw a threefold increase in its pretax loss in its 2008-09 financial year as staff costs jumped after its purchase of Lehman Brothers. Nomura International, which was also hit by its
        Reuters  -  83 words
      • Article
        Lock icon Celebrity virtual gifts go on sale on Facebook
        49 16 LAT !S THE first celebrity gifts on Facebook are now on sale. Pop star Britney Spears has loaned her likeness or related images to a series of virtual gifts that Facebook users can send to one another for US$2 a piece.
        LAT  -  49 words
    • Article, Illustration
      Lock icon Blackstone's chief tops US CEO payroll
      727 17  -  Stephen Schwarzman Reuters, Bloomberg Oil and gas bosses dominate list of highest-paid executives: research group Boston TAKING his private equity firm public paid off big for Blackstone Group's Stephen Schwarzman last year. His US$7O2 million compensation made Mr Schwarzman the highest-paid executive in the
      Reuters, Bloomberg  -  727 words
    • Article
      Lock icon Samsung ex-chairman found guilty in SDS retrial
      437 17 Bloomberg Seoul LEE Kun Hee, the former chairman of Samsung Group, has been found guilty of breach-of-duty for his role in causing losses at Samsung SDS Co, an unlisted information technology company. The Seoul High Court handed Lee a three-year prison sentence because
      Bloomberg  -  437 words
    • Article
      Lock icon Woman who had affair with Madoff tells all
      360 17 Bloomberg New York AN accountant, who has accused Bernard Madoff of stealing her family's savings, has written a book that will disclose a secret that she previously withheld they once had an extramarital affair. The account by Sheryl Weinstein, Madoff's Other Secret:
      Bloomberg  -  360 words
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  • SGX
    • Article
      Lock icon Transaction date: Aug 14
      9004 18 SZ-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap $mil 5.5 3 3148 8Telecom I 2.5 5834 A-Sonic !8 12 5000 ABR Hldgs 2 5.5 1938 AEI Corp I 1 1100
      9,004 words
    • Article
      Lock icon SGX CATALIST
      1552 21 SZ-wks Tel High Low Code Company Last Sale Vol ('000) Day High Low Last Quote Buyer Seller Div GrYld C'vr Net P/E M Cap Smil 19 5 1181 s AA Grp 26 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 23.5
      1,552 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      48 21 Up Down Unch 12 4 2 Up Down Unch 0 0 0 Up Down Unch 12 4 2 lulti Ind lanui FactuTTFTi .ommerce -inance ,onst ruction 'roperties Totel Sts" >ervices led >as/ fateF ;ure larr Active counters with no volume for todai are not included
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      177 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      177 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      801 21 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 10 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ SHAREHOLDING Before After ('000) ('000) Stock Man Wah Hldgs 13-Aug-09 Hui Wai Hing Man Wah Hldgs 13-Aug-09 Wong Man Li Man Wah Hldgs
      801 words
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  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        3 22
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      • Article, Illustration
        Lock icon Hang Seng Index
        3 22
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      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        4 22
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        363 22 Aug13 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 766.8 0.7 13.1 1.0 16.4 1.0 16.2 EAFE Preliminai 734.9 0.9 13.2 1.5 18.6 1.6 18.4 Euroi Preliminai 1015.3 0.8 11.4 1.3 18.9 1.3 18.7 Pacific 631.9 1.2
        363 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        149 22 Aug 74| Against S$ Currencies Bid S$/US$ to one unit of foreign currency: Australian dollar 1.2147 Offer 1.2161 Against US? Bid Offer 0.8420 0.8422 Canadian dollar 1.3264 1.3281 0.9195 0.9197 Euro 2.0589 2.0612 1.4272 1.4274 NZ dollar 0.9811 0.9828 0.6801 0.6806 Sterlini 2.3853 2.3881 1.6535 1.6538 US
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        Lock icon Shanghai Stock Exchange Composite
        4 22
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        2 22
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        Lock icon LIFFE
        72 22 Aug 13l IOCOA (£/tonne) Close Prev Hie fLow lepO9 1830 1810 1842/1803 )ecO9 1856 1839 1869/1831 /lariO 1862 1845 1874/1838 /lay 10 1860 1839 1871/1840 :OFFEE (US$/tonne) Close Pev High/Low 5epO9 1415 1437 1440/1414 \lov09 1436 1460 1462/1434 Ian 10 1449 1471 1471/1449 SUGAR (US tonne) White Close Prev
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        Lock icon CHICAGO BOT
        88 22 Aug 13\ iNS(! (5,000 bu min; US< /60 Ib bushels; Close i Previous High/Low W09 1187.*****6.*****1.*****7.25 iep 09 1065.*****2.*****3.*****2.25 vlov 09 1018.*****4.*****6.*****6.00 Ian 10 1024.*****8.*****8.*****2.00 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low kugO9 37.54 38.47 38.63 38.11 !epO9 37.64 38.58 38.99 37.63 DctO9 37.85 38.79 39.20 37.78 )ecO9
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        Lock icon OIL
        76 22 Aug 13 CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 74.43 0.75 71.03 0.77 73.10 2.01 79.05 2.15 76.60 2.10 PRODUCT USS/barrel (FOB Spore) Close Change ■re) Naphtha Jet Kerosene 69.27 -0.73 79.10 1.30 USS/barrel Opec Oil Basket
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        Lock icon METALS
        68 22 Aug u\ (us; /oz) Aug 14 Aug 13 ■long Kong 954.50 951.70 955.50 952.70 Aug 13 Aug 12 .ondon 955.95 946.30 956.75 947.30 Source: Thomson Reuters SILVER Selling Buying 'assbook 1 oz 21.98 21.75 >LATINUM Lon (US$/oz) Aug 13 Close Previous >M Fix 1264.*****4.00 iMFix 1260.*****7.00 Source: Thomson Reuters
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        Lock icon PALM OIL
        61 22 Aug 141 lelivery fonth Opening Range Sett Price Av Price Low Vol Done Open Position Hi, Sep 09 2488 Oct 09 2482 Nov 09 2462 Dec 09 2455 Total o/p: ***** contracts 2461 2516 2444 2441 2510 2424 2437 2494 2409 2425 2476 2405 Turnover: ***** lots Market
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        Lock icon LONDON METALS
        68 22 Aug 13l Uumlnlum, 99.75' mrity (US$/tonne' Close Previous :ash months lopper, Grade A 2027.25 2060.00 1951.75 1985.00 ;us$/tonne) lash J months ■ead (US$/tonne; 6383.00 6381.00 6189.50 6190.00 :ash 1 months 1917.50 1935.00 1827.00 1846.00 lid /tonne; lose ■revious :ash months •in (US$/tonne; *****.00 *****.00 *****.01 *****.01 :ash 1
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  • PERSPECTIVE
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      Lock icon Looking back
      1873 23  -  Ngiam Tong Dow Take a walk down memory lane as we trace Singapore's history from the turbulent 60s to the developing 70s. By IF YOU had arrived in Singapore on the evening of June 3, 1959, you would have been greeted by the thunderous roar of "Merdeka! Freedom!"
      ILLUSTRATION: LUDWIG ILIO  -  1,873 words
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  • Wealth
    • Article, Illustration
      Lock icon Demystifying swap-based ETFs
      1236 24  -  Genevieve Cua In Singapore, of more than 30 listed ETFs, more than half are swap-based. By jr 1 ENTION exchange traded funds (ETFs) and most investors are likely to think of 11stM ed funds that physically hold an index's underlying shares. But an increasing number of ETFs
      STOCK.XCHNG  -  1,236 words
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      Lock icon brokers' take
      772 24  -  Conrad Tan CitySpring Infrastructure Trust Buy OCBC Investment Research, Aug 14 close: $0.75 CITYSPRING Infrastructure Trust has announced a fully underwritten, renounceable one-for-one rights issue to raise gross proceeds of approximately $235.2 million. The rights issue price is $0.48 per rights unit, or a 38.5 per cent discount
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      Lock icon A key life skill that schools don't teach
      1589 25  -  Teh Hooi Ling Financial literacy is one of the most important skills an adult should have hooiling@sph.com.sg Senior correspondent «A FRIEND from my university days called to say that she and her husband had committed to buying a second property and are
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      Lock icon Play your cards right
      660 26 NYT The abruptness and severity of a liquidity crisis tests the emotional and financial a reserves of investors *4m. New York BUY-AND-HOLD investing isn't for the faint of heart. It works only if you're willing to hang onto losing stocks for very long periods, in downturns
      NYT; STOCK.XCHNG  -  660 words
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      Lock icon Making sense of the recent market rally
      1081 27  -  Ben Fok WEALTH INSIGHTS One important reason for the bullishness is that the market has already discounted much of the bad news CEO, Grandtag Financial Consultancy (S) RECENTLY, one of my clients told me he was confused about the significance of the recent
      FILE PHOTO  -  1,081 words
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      Lock icon More lights up at Iluma
      582 29  -  Emilyn Yap New Bugis mall is 90% leased and is seeing more shoppers. By ILUMA may not have opened its doors with a bang, but it has been working to fill space and draw crowds since. The new mall in Victoria Street is now 90
      NG SOR LUAN/THE STRAITS TIMES  -  582 words
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      Lock icon Europe's commercial property transactions value fall
      185 29 Bloomberg London THE average value of European commercial property transactions fell 35 per cent in the first half as banks granted fewer loans, according to CB Richard Ellis Group Inc. The average price was 18.4 million euros (5537.9 million), down from 28.3 million euros
      Bloomberg  -  185 words
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      21 26 l^^&tk I Lianhe Zaobao I L > 18/?man lwSoii I doesn't want to I end up as the I "boiled frog" I
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      695 26 m 1, Kenneth Alexander Murray, divorced, of No. 10 Walshe Road,#o4-08 Garden Ville, Singapore *****4, intend to marry Shi Shu Hua, divorced, of Room 1106, Unit 2, Building #16 Han Guo Cheng Sub-district, Zhenxing District, Dandong, Liaoning, China at the Registry of Marriage in Shenyang, China at Herr Ping District,
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      1048 28 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 15 Laguna Green Apt 17/07/2009 99 1023 640 626* LANDED Palmwoods Apt 24/07/2009 99 1216 690 567 IpohLane 2-Ter 23/07/2009 FH 2391 2300
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  • Page 30 Miscellaneous
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      106 30 mm J^^&Ss*^ \\\\\Wmk\v'^& A| HRfck3tiAtt^V& \m\W7jmmWT JBj Mmmm ffn\m^mW& !PJB&jBT m\\\\\m%m\km\\\ |KIBH i^^BBBYbW I ffwßK&mm \\\\wi£mwf^ry'mm\\\ BBBH Wm I jifcß wßmmJm BHk mWA BrXflW I BH BBflfl flj HM mWTjrV'iimMm KB! Be ■flP 9*^^^'-"' .....MiByJgBBB BEaB Hw&r^ !sa' Jftr EOS WlmtmW mWSsmW'Jttlk Hr Jr^w <fil WmmWW BywT^ai m\w^®3t' %,^Sbbb P/V
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  • BT Living
    • ITALY TRAVEL
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        Lock icon under a tuscan spell
        1108 31  -  Clarissa Tan TIME stands still in Tuscany. You know this, because the group of curmudgeonly men playing cards at the village square is the same group as the day before, and the day before that. You run after the bus, the only one that will bring
        JOANNE TOTOSY DE ZEPETNEK  -  1,108 words
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        Lock icon A slice of Italy
        624 31 IT'S Saturday evening and Massimo Ferragamo, the youngest child of the late Italian shoe designer and chairman of the US side of the family business, is walking down the cobbled driveway. He's a busy man, all the more so since he bought the fabulous 800-year-old Tuscan
        624 words
    • ITALY DINING
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        Lock icon flavours of italy
        2990 32  -  Jaime Ee Travellers on a quest to find good Italian food in Italy might run into tourist traps but persevere and there is perfectly good traditional fare to be found. By HY did the chicken cross from M one hot continent to another? I Answer: To get
        2,990 words
    • ITALY SHOPPING
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        Lock icon ready, set, shop!
        1344 34 Retail heaven or bargain basement? Jaime Ee and Audrey Phoon hit Tuscan/s best known designer outlet stores to find out Prada Space Outlet Strada Statale 69 Levanella Spacceo Montevarchi Tuscany, Italy S 011-39-55 978-94-81 WELL-DRESSED mobsters guard the entrance. At least, they look like they could have
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    • DINING
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        Lock icon GLOBAL FLAVOURS
        1787 35  -  Audrey Phoon Influences from around the world plus a focus on home-made fare three new bistros balance a bit of both on their plates. By Jules Cafe Bar 15-1 Jalan Riang S3 6858 -2827. www.jules.com.sg ASKED to describe his cafe's style of cuisine, Jules Cafe chef-owner Julian Nuttall
        JULES CAFE, FIKAR CAFE PHOTOS BY YEN MENG JIIN  -  1,787 words
    • HOME & GARDEN
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        Lock icon Memories by design
        1140 36  -  Geoffrey Eu personal space Bharat Bhavan, or India House, is once again a proud member of Singapore's architectural history. By IT was built by a pioneering Singaporean, owned by a cinema magnate, bought by a newly independent country, and then spent the last decade or so in
        PETER MEALIN/SHING ATELIER; YEN MENG JIIN  -  1,140 words
    • GADGETS
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        Lock icon shooting stars
        861 37  -  Christopher Lim SLRs are getting easier to use while prosumers are becoming more capable. By The right balance WANT to make the leap from idiot-proof cameras to the potentially intimidating realm of digital SLR? To tempt you, manufacturers are now churning out models that are increasingly easy to
        861 words
    • SHOPPING
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        Lock icon Picks from the Library
        483 38  -  Melissa Lwee Tangs' fashion-forward menswear label caters to the urban professional. By WHEN it comes to office wear, men in Singapore are eschewing dowdy and boring in favour of cool and contemporary clothing. Which is why, three years ago, department store CK Tang decided to launch
        483 words
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        Lock icon pick of the orchard
        452 38 what's new and hot at Orchard Road Get smart CHECK this out: for a limited period only, get a free Library made-in-Italy silk tie worth between $99 and $109 with every purchase of two pieces of Library shirts. Located at Level 3 of Tangs Orchard, the
        452 words
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        Lock icon Frame your bok
        1368 39  -  Melissa Lwee Does the thought of shopping with the masses make you break out in a cold sweat? A personal shopper may be just what you need for fuss-free retail therapy The Optique #81-23, lon Orchard *****-5665 BEAUTY may be in the eye of the beholder, but
        ARTHUR LEE  -  1,368 words
    • SPORT
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        Lock icon Bringing celebrity and fan closer
        610 40  -  Lee U-Wen no holds hatred leeuwen@sph.com.sg Correspondent WHEN tennis star Roger Federer and his wife Mirka became proud parents of twin girls last month, news agencies around the world wondered who would be the first to secure the rights to release that all-exclusive picture of
        610 words
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        Lock icon West Ham gets the Green light this season
        963 40  -  John Dykes kick off with John dykes HEARD the one about the Premier League footballer who chose to spend his summer holiday in a muddy field on an island off England's south coast? No? Well, it's a story that might provide some
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    • GOLF
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        Lock icon Asians waiting in the wings
        1077 41  -  Justine Moss While Asia has yet to conjure up a male major winner, there have been a few candidates who have appeared at the majors. By THIS weekend, the final major of the year the US PGA Championship at Hazeltine National Golf Club in Minnesota
        AP  -  1,077 words
    • MOTORING
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        Lock icon Limited edition, maximum appeal
        740 42  -  Samuel Ee A Porsche is made even more special when it is given the Porsche Design treatment. By A PORSCHE is already a very special car but it is possible to make it stand out even more on the road, like when it is given the
        740 words
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        Lock icon Made-in-Malaysia MPV
        471 43  -  Cheryl Tay The Exora's niche segment might just give Proton's sales in Singapore a boost. By NOW that Malaysia's national carmaker Proton is building its own car instead of simply rebadging someone else's, it could not have done it better. The Exora is the country's first self-pro-duced multi-purpose
        471 words
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        Lock icon DR DUCAT
        775 44  -  Samuel Ee driving style It was love at first sound for dentist Kenneth Siah when he heard a Monster 900's Desmoquattro engine years ago. He's besotted ever since. By SOME people remember when they met their first love. Kenneth Siah remembers exactly where he heard his at a
        YEN MENG JIIN  -  775 words
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      159 35 Imp £> 1:1 Ijf Discountßllli^MjMll I nnCCQrt With minimum $40 spent. J| L A/ S^Sl*!,^ 11 V K* I'IEBSiI lof the day SSSSiSSIS" wth lil /a mo d/?< n T lsor ILaiiJInVI promotions I li (II promotions IPBCTTfffffINWUJW valid till:15/9/09 w IV valid t(ll:15/9/09 gJMgHfflJHlK^^^W^M I %Al 1 Fish Chips
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      1125 39 wine^dine with BTWeekend Chatterbox 10 at Claymore Level 39, Orchard Wing, Meritus Mandarin Singapore Pan Pacific Orchard 333 Orchard Road, a 6831-6291/88 10 Claymore Road (Lobby Level), 6831-6686 Home to the signature Mandarin Chicken Rice, Chatterbox is an Sunday Brunch iconic coffee house renowned for its Asian local delights and
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      22 43 f 383 Sin Ming Drive Tel: 6842 2222 fjjjsjk TVS Centre For Leasing Enquiries, f Singapore *****7 please call 9322 0263 «.ii>aii».
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      41 43 40 JB Uf 1/ ■LI tiS M j3 1 |^K<o^fl It -7 where dreams become REALITY —.^f HEW ALEXANDRA SHOWROOM, THE ALEXCIER, 237 Alexandra Road I*ol-13/14/15/16 TEL: 6473 1119 ÜBI SHOWROOM, 61 Übi Ave 2, AHL Building, JO2-16/17/18 TEL: 6749 1119
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