The Business Times, 14 August 2010

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Microfilm: NL30857
Total Pages: 46
1 20 The Business Times
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  • Title Section
    Masthead
    13 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg August 14 -15, 2010 S$1.00 MICA (P) 124/08/2009
    13 words
  • Article, Illustration
    When the mind drifts, who’ll do your sums?
    1388 1  -  Fearing that their mental capacity may desert them one day, some use new law to plan ahead By Joyce Hooi joyceh@sph.com.sg Singapore FOR Naresh Mahtani’s retired uncle in Spain, a nasty fall last year set off a cruel, downhill spiral. As the
    ARTHUR LEE  -  1,388 words
  • Article
    Genting S’pore hits new high as ‘sell’ calls turn to ‘buy’
    725 1  -  Shares surge 14% after sterling Q2 results while former naysayers suddenly change their tune By Grace Leong gleong@sph.com.sg Singapore GENTING Singapore shares surged to a new high yesterday after its second-quarter earnings boosted by robust contributions from its flagship
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      160 1 the business www.businesstimes.com.sg The Raffles Conversation FORTIS CHAIRMAN MALVINDER MOHAN SINGH 8-9 media darling Sands’ Skypark coming to TV The National Geographic documentary is one of about 30 that has been made on the integrated resort since it was announced in 2005. 2 higher takings Listed firms do as well
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    • Advertisement
      Page 1 Advertisements Column 2
      16 1 WEALTH Betting on medium caps 33 BT CORPORATE GOLF Gearing up for the second round 18
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  • TOP STORIES
    • Article
      The MBS SkyPark story – on TV soon
      640 2  - The MBS SkyPark story on TV soon By Grace Leong gleong@sph.com.sg Singapore AS 13,000 people worked on the ground, massive steel girders were hoisted 200 metres into the air and gingerly anchored across three 55-storey skyscrapers. Just how structural engineers at Marina Bay Sands (MBS) accomplished this engineering feat to
      640 words
    • Article
      MARKETS
      135 2 STI 2,939.97 (+12.93) STI FUTURES 2,929.00 (+13.00) SIMSCI 347.79 (+3.26) SIMSCI FUTURES 346.00 (+4.10) STOCKS Friday Change KL COMP 1,360.15 +10.82 NIKKEI 225 9,253.46 +40.87 HANG SENG 21,071.57 -34.14 SET 875.07 +0.15 JAKARTA 3,053.01 +27.37 MANILA 3,469.52 -13.50 KOSPI 1,746.24 +24.49 SHENZHEN B 659.08 +8.55 MUMBAI IND 18,167.03 +93.13
      135 words
    • Article
      Living costs up for first time in four months
      471 2 CPI increased 0.3% in July, highest in a year latest us data| Bloomb erg Washington THE cost of living in the US climbed last month for the first time in four months, pointing to a stabilisation that may ease concern a
      Bloomberg  -  471 words
    • Article
      Not a bad showing for Q2 earnings
      871 3  -  Most of results released met or exceeded expectations; 281 made $7.4b profits By Melissa Tan melissat@sph.com.sg Singapore AFTER a slow start to the second quarter, corporate earnings in Singapore have mostly met or exceeded market expectations, market watchers said. Most sectors performed well.
      871 words
    • Article, Illustration
      HK tightens mortgage rules to cool property prices
      494 3 Reuters Hong Kong THE Hong Kong government tightened mortgage lending yesterday for bigger flats as their prices head for historic highs, fuelling asset bubbles in the Chinese territory. Property shares will likely feel pressure next week on the news, after late losses
      Reuters; BLOOMBERG  -  494 words
    • Article, Illustration
      New York City leaders give their nod to casino gambling
      861 4 If the state AG, state comptroller approve the deal, work could start next month NYT New York AFTER nearly a decade of false starts, squabbling and investigations, Governor David Paterson and legislative leaders have approved a deal to bring casino
      NYT; BLOOMBERG FILE PHOTO  -  861 words
    • Article, Illustration
      Gear up for S’pore’s biggest show ever
      863 5  -  An expected 1.5b people worldwide are expected to tune in to watch the YOG opening ceremony tonight By Lee U-Wen leeuwen@sph.com.sg Singapore THIRTY months have passed since that historic evening on the Padang when Singapore found out it would host the first-ev-er Youth
      SPH-SYOGOC/YEN MENG JIIN  -  863 words
    • Article, Illustration
      Banyan Tree to loosen Thai connection
      438 6  -  Thai political woes play a part in company’s Q2 net loss of $9.21m By Nisha Ramchandani nishar@sph.com.sg Singapore BANYAN Tree Holdings may be best known for its resorts in Thailand but that could change in the coming years. With the unstable political situation in
      FILE PHOTO  -  438 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      115 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10,12-15 Philanthropy 11 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Shopping L2-3 Style L4-5 Dining L6-7 Home& Garden L8-9 Travel L10-11 Health
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    • Advertisement
      Page 2 Advertisements Column 2
      24 2 ‘Megastructures: Singapore’s Vegas’ airs on Oct 5 on National Geographic Channel (StarHub TV Ch 411) and National Geographic Channel HD (StarHub TV Ch 457)
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Aug 9-13, 2010
      • Article
        S’pore going strong at 45, pulls in 17.9% growth
        72 7 SINGAPORE needs to look beyond the current rebound and focus on growing its economy with sustained effort from all, Prime Minister Lee Hsien Loong said in his National Day Message on Sunday. He revealed that first-half growth came in at 17.9
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      • Article
        In search of the real Singapore Inc
        47 7 SINGAPORE Inc as we know it is disappearing. Now that the Chinese have bought Singapore’s only homegrown oil company and the Malaysians are moving in on Parkway Holdings, the struggle to define a local company has taken a brow-furrowing turn.
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      • Article
        Landed home purchases by foreigners surge
        54 7 FOREIGNERS including permanent residents bought 81 landed homes in Singapore in the second quarter of this year, up from 69 in Q1. And the Q2 figure is the strongest quarterly showing since Q2 2007, according to Knight Frank’s analysis of URA Realis caveats information
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      • Article
        NDP show leaves crowd misty-eyed
        47 7 EUPHORIA rose from a sea of red and white at the Padang last night, as Singapore celebrated its 45th year of independence. Towards the end, the crowd by now equal portions misty-eyed and in awe sang along again to Sing For Singapore.
        47 words
      • Article
        Sizzling growth shows first sign of moderation
        50 7 THE economy grew by a record 18.8 per cent in the second quarter from a year ago, slower than the 19.3 per cent estimated last month. It also indicates a slowdown in economic activity that government officials have warned of in recent weeks.
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      • Article
        HP’s fear of headlines costs CEO his job
        49 7 IN the end, it wasn’t actual sexual misconduct but fear of sensationalist headlines that convinced Hewlett-Packard’s board to force the resignation of CEO Mark Hurd. Ironically, the board’s preemptive move to avoid scrutiny is precisely why it’s now in the spotlight.
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      • Article
        OUE strikes towering deal on Shenton Way
        47 7 OVERSEAS Union Enterprise (OUE) has bought DBS Towers One and Two for $870.5 million or around $970 per square foot of net lettable area, inking the largest commercial property deal in Singapore so far this year and perhaps since mid-2008.
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      • Article
        US regulators stings maker of Tiger Balm
        56 7 TIGER Balm maker Haw Par Corporation has received a stern warning from the US drug regulator for violating manufacturing standards at its Singapore plant. The company was also berated for “misbranding” a pain-relief patch as an exter- nal painkiller, when it qualifies as
        56 words
      • Article
        Heavy-duty US law sits hard on banks, funds
        74 7 BANKS outside the United States already tread carefully when it comes to taking on US citizens or green card holders (permanent residents) as depositors, in the wake of the American crackdown on tax evasion. But new laws passed earlier this year could
        74 words
      • Article, Illustration
        Genting Singapore gets a billion reasons to smile
        83 7 THE numbers are startling and the contrast with last year even more so. Genting Singapore has raked in almost $1 billion in revenue for the second quarter with net profit coming in at close to $400 million, up from $120 million and
        BLOOMBERG  -  83 words
      • Article
        Jurong EC tender tale with a twist – and no bids
        69 7 Jurong EC tender tale with a twist and no bids THE tender for an executive condominium site in Jurong West drew gasps of astonishment when it closed yesterday not because there were many bids but because there was absolutely none. Observers attributed the lack of interest to the site’s remoteness,
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      • Article
        Sands, law association settles dispute
        37 7 AFTER four months of legal wrangling, Marina Bay Sands, a Singapore unit of Las Vegas Sands Corp, and its first convention user, a law association, reached an “amicable” settlement under undisclosed terms.
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    • NEXT WEEK | Aug 16-20, 2010
      • Article
        US DATA
        31 7 Aug 17 July housing starts July building permits July PPI July core PPI July industrial production Aug 18 Crude inventories Aug 19 Initial claims Continuing claims July leading indicators
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      • Article
        SINGAPORE DATA
        19 7 Aug 17 July merchandise trade Aug 18 Q2 central government debt Aug 20 Q2 wholesale trade index
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      • Article
        EVENTS
        27 7 Aug 16 JAKARTA Indonesian President Susilo Bambang Yudhoyono to give state of the union address Aug 17 WASHINGTON US Treasury Department hosts conference on housing finance
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      334 7 CRYPTIC CROSSWORD Across 1 One of minor interest to the legal profession (4,2,5) 9 Female wear that wasn’t long in fashion? (4) 10 Parliament or the Church makes men twisters (11) 11 Sort of stone sink (4) 14 Dried fruit is when rain’s about (7) 16 Vessel lacking stabilisers? (7)
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    • Miscellaneous
      Page 7 Miscellaneous Column 2
      3 7 SATURDAY with Ludwig
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      The cerebral tycoon
      2268 8/9  -  Fortis chairman Malvinder Mohan Singh has an investment banker’s penchant for dealmaking. But he is also instinctively a step-by-step institution builder, a believer in creating systems, processes and frameworks, and raising efficiencies. By Vikram Khanna efficiencies.By Vikram Khanna vikram@sph.com.sg ‘IT was purely a business decision,” says Fortis
      ARTHUR LEE  -  2,268 words
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  • COMPANIES
    • Article
      Wilmar to buy 20% stake in Kencana Agri
      650 10  -  It’ll pay S$80.36m for stake; group announces 15.4% drop in net profit to US$344.5m in Q2 By Melissa Tan melissat@sph.com.sg WILMAR International, which released its second-quarter results yesterday, confirmed after market close that it would buy a 20 per cent stake in
      650 words
    • Article, Illustration
      ComfortDelGro Q2 profit edges up
      457 10  -  By Nisha Ramchandani nishar@sph.com.sg TRANSPORT group ComfortDelGro Corporation registered a marginal 1.6 per cent increase in year-on-year net profit to $58.2 million for the second quarter ended June 30. Revenue rose to $789.3 million, from $758.3 million a year earlier, amid growth across various business
      457 words
    • Article
      Major shareholder moves to oust remaining Teledata exec directors
      538 10  -  By Felda Chay feldac@sph.com.sg IN what could be another sign of internal strife, Teledata’s major shareholder Meritus Resources Ltd has called for an extraordinary general meeting (EGM) to oust the IT firm’s two remaining executive directors both of whom were elected
      538 words
    • Article, Illustration
      F&N lifts Q3 earnings 6%
      481 12  -  Across-the-board improvement rakes in $130m gain; group revenue up 8% to $1.4b By Emilyn Yap emilyny@sph.com.sg FRASER and Neave (F&N) yesterday posted higher profits for the third quarter ended June 30, backed by improved performance across its property, food and beverage and printing and publishing
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    • Article
      Cerebos net profit rises 34% to $20.3m in Q3
      385 12  -  Thailand, Taiwan drive growth in Brand’s product sales in Asia By Ven Sreenivasan ven@sph.com.sg CEREBOS Pacific yesterday announced a strong third-quarter performance with a 34 per cent rise in net profit to $20.3 million for the three months ended June 30,
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    • Article
      Tat Hong’s Q1 earnings slip 2% despite rise in revenue
      372 12  -  By Teh Shi Ning tshining@sph.com.sg CRANE specialist Tat Hong Holdings’ net profit attributable to shareholders fell 2 per cent to $10.4 million in its first quarter, from $10.6 million a year ago. Earnings per share for the April-June first quarter
      372 words
    • Article, Illustration
      SC Global Q2 profit soars 5 times
      414 13  -  Revenue rises 18%; group’s total financial liabilities fall slightly By Uma Shankari shankari@sph.com.sg SC Global Developments, a developer of exclusive high-end luxury residences, yesterday reported a five-fold increase in Q2 net profit to $40.4 million up from $7.8 million a year ago. Higher
      414 words
    • Article
      Yongnam Q2 net up 27% to $13.3 million
      383 13  -  By Ven Sreenivasan ven@sph.com.sg STRUCTURAL steel and civil engineering specialist Yongnam Holdings yesterday announced a 27.2 per cent jump in group sec-ond-quarter net profit to $13.3 million for the three months ended June 30, up from $10.5 million a year earlier. This
      383 words
    • Article
      Ho Bee Q2 net down 29%
      355 13  -  By Emilyn Yap emilyny@sph.com.sg HO BEE Investment yesterday posted a net profit of $112.3 million for the second quarter ended June 30, down 29 per cent from a year ago. Earnings weakened as the top line shrank. Revenue fell 68 per cent to $235.7
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    • Article
      Chip Eng Seng posts 56% rise in Q2 profit
      379 13  -  By Uma Shankari shankari@sph.com.sg CONSTRUCTION and property group Chip Eng Seng Corp yesterday reported a 56 per cent climb in Q2 net profit, boosted mainly by property sales as well as higher construction activity. Net profit for the three months ended
      379 words
    • Article, Illustration
      Market buffeted by double-dip, Genting surge
      548 14  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent IN RECENT weeks, the term “double dip” has been appearing with increasing frequency when referring to the stock market’s performance. The object to which the term is being attached is, of course, the US economy where jobs are
      548 words
    • Business briefing
      • Article
        Metro Q1 profit plunges 47%
        109 14 METRO Holdings saw net profit slide 47 per cent to S$6.93 million for the first quarter ended June 30, 2010, compared to the corresponding period last year. Revenue rose 17.2 per cent year-on-year to $39.2 million, on the back of higher sales from its retail
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      • Article
        k1 Ventures slips into loss
        156 14 k1 Ventures Ltd reported a swing into the red for the full year ended June 30,2010. Net loss for fiscal 2010 was $22.65 million, compared to a net profit of $5.31 million a year ago. The declines were principally due to the fixed assets impair-
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      • Article
        Chuan Hup back in black
        57 14 CHUAN Hup Holdings saw a return to the black for the fiscal year ended June 30, 2010. Net profit was US$9.63 million, compared to a net loss of US$66.33 million for FY2009. The turnaround came on the back of a revenue growth from US$8.23 million
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    • Article
      TOP 20 ACTIVES
      111 14 VOL CLOSE GentingSP 682,838 146 18.0 14.1 GoldenAgri 103,387 58.5 1.0 1.7 Adventus 95,835 7 -3.0 -30.0 TopGlobalW*****2 90,000 1 0.0 0.0 KencanaAgri 73,433 39.5 4.5 12.9 ChinaHongxing 55,545 15.5 1.0 6.9 *GentingHK US$ 54,700 27.5 2.7 7.8 TSH 51,043 16 -0.5 -3.0 NobleGrp 47,803 156 -3.0
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    • Article
      STI STOCKS
      110 14 Stock name Close Change CapMallsAsia 2.070 CapitaLand 3.970 +0.030 CapitaMall 1.930 +0.030 CityDev 12.100 +0.100 ComfortDelGro 1.550 +0.010 DBS Grp 14.200 +0.040 F&N 5.700 -0.030 Genting SP 1.460 +0.180 Golden Agri 0.585 +0.010 HK Land 5.350 +0.010 JMH 40.400 -0.720 JSH 23.800 -0.200 Jardine C&C 33.600 +0.340 Keppel
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    • Article
      TOP GAINERS
      66 14 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 220.0 1.4 GLD 10US$ ***** 203.8 1.3 DBXT iBoxxSing 5SG$ ***** 188.0 1.6 DBXT AUDMM 5SG$ ***** 140.0 0.6 DBXT AUDMM 5AU$ ***** 102.8 0.4 OCBC Bk 5.1%NCPS 100 ***** 60.0 0.6 DBXT FTVietnam 10US$ 3816 55.7 1.1 Jardine C&C
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    • Article
      TOP LOSERS
      58 14 BY CENTS CLOSEDOWN DBXT MSKorea 10US$ 4722 -237.7 -3.6 JMH 4040 -97.8 -1.8 DBXT STGLDv100 10US$ 2541 -62.5 -1.8 DBXT S&P Short 10US$ 5312 -27.2 -0.4 JSH 2380 -27.2 -0.8 Lyxor Korea 10US$ 415 -24.5 -4.2 CIMBAsean40 100US$ 890 -21.7 -1.8 OCBC Bk 4.5%NCPS 100 ***** -14.0 -0.1
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    • Article
      Straco Q2 net shoots up
      321 14  -  By Ven Sreenivasan ven@sph.com.sg HIGHER visitorship and yields enabled mainboard-listed Straco Corp to more than double its sec-ond-quarter net profit to $3.66 million, from $1.3 million during the April-June period of 2009. Group revenue was $11.03 million, an increase of 31.8 per cent over the
      321 words
    • Article
      Midas Q2 profit rises 17.6% to $11.1m
      515 15  -  Group revenue up 25.8% to $47.6m; firm to pay second interim dividend of 0.25 cent By Lynette Khoo lynkhoo@sph.com.sg MIDAS Holdings posted a 17.6 per cent increase in profit attributable to equity-holders to $11.1 million for the three months ended June 30, 2010,
      515 words
    • Article
      At a glance
      451 15 6-month and Q2 results ended June 2010 6 MONTHS ENDED JUNE 2010 3 MONTHS ENDED JUNE 2010 net profit (s$m) turnover (s$m) net profit (s$m) turnover (s$m) current company previous chng current previous chng current previous chng current previous chng Wilmar Intl 1,043.48 1,101.18 -5.2 18,920.69 14,927.90
      451 words
    • Article
      Combine Will interim profit up 3 times
      545 16  -  New products help group to double revenue to HK$815m By Lynette Khoo lynkhoo@sph.com.sg COMBINE Will, which is working on a dual listing in South Korea, said its net profit for the first half ended June 30 more than tripled to HK$50.7 million (S$8.89
      545 words
    • Article, Illustration
      Oceanus Q2 profit up 7% as revenue rises 40%
      436 16  -  Bulk of revenue from sale of live marine products By Rachel Sim rachsim@sph.com.sg OCEANUS Group’s net profit inched up 7 per cent to 71.92 million yuan (S$14.4 million) for the second quarter of FY2010, up from 67.29 million yuan a year
      436 words
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  • BEACONS OF PHILANTHROPY
    • Article, Illustration
      Engaging hearts, minds and hands
      971 11  -  Venture philanthropy focuses on the need to equip and strengthen non-profit organisations’ capabilities. By Teh Shi Ning tshining@sph.com.sg VENTURE philanthropy can be the growth catalyst for non-profit bodies the way venture capital is to many promising start-ups today. And it could be a key piece
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  • Page 11 Advertisements
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  • SINGAPORE
    • Article
      ‘Car crash’ depresses June retail sales
      388 17  -  Vehicle sales slump 32.3%, pulling the overall index down 4.5%; total sales slip to $2.6b By Lynn Kan lynnkan@sph.com.sg RETAIL sales excluding vehicles rose 5 per cent year on year in June, according to the latest report from the Department of Statistics (DOS). But
      388 words
    • Article, Illustration
      MM Lee lights the YOG cauldron
      542 17  -  By Lee U-Wen leeuwen@sph.com.sg WITH thousands cheering him on, Minister Mentor Lee Kuan Yew took hold of the Youth Olympic Flame for the first time yesterday. Mr Lee, wearing a bright orange polo shirt, was all smiles as he received the torch from Youth
      REUTERS  -  542 words
    • Article
      Bunker sales maintain rise
      206 17 Reuters MARINE fuel sales in Singapore, the world’s largest bunker port by volume, hit a fifth consecutive all-time high of 3.56 million tonnes in July, up 0.6 per cent from a month ago, official data showed yesterday. Heavy supplies in July and Singapore’s lower cost versus
      Reuters  -  206 words
    • Briefing
      • Article
        Manager slapped with $17m GST fraud penalty
        129 17 Channel News Asia A MANAGER of a company dealing in mobile phones has been jailed for 54 months and ordered to pay a penalty of nearly $17.1 million in Singapore's biggest GST fraud case so far. The Inland Revenue Authority of Singapore (IRAS)
        Channel News Asia  -  129 words
      • Article
        20,000 PMETs needed to develop green buildings
        131 17 Channel News Asia ABOUT 20,000 professionals, managers, executives and technicians (PMETs) will be needed in the building and construction industry over the next 10 years to develop green buildings here. Grace Fu, Senior Minister of State for National Development said this at the
        Channel News Asia  -  131 words
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  • BT CORPORATE GOLF LEAGUE
    • Article, Illustration
      All set to tee off
      514 18  -  Second round of BT Corporate Golf League will be held next Wednesday. By Ven Sreenivasan By Ven Sreenivasan ven@sph.com.sg GOLFERS from some two dozen top firms will tee off for the second round of the BT Corporate Golf League on Aug 18 at the Masters
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  • WORLD
    • Article, Illustration
      AgBank IPO raises record US$22b
      480 19 China’s No 3 lender exercises its over-allotment in full in the Shanghai portion of the offer Reuters Shanghai AGRICULTURAL Bank of China (AgBank) capped its mammoth IPO in style yesterday, by exercising its over-allotment in full to expand its offering to a record US$22.1 billion,
      Reuters; REUTERS  -  480 words
    • Article
      Google, Skype, RIM must meet security needs: India
      690 19 Reuters New Delhi INDIA will go after any company, including Google, after cracking down on BlackBerry in its bid to keep the world’s fastest growing mobile phone market safe from militants and cyber spying, a government source said yesterday. BlackBerry’s Canadian maker,
      Reuters  -  690 words
    • Article
      EU economy expands fastest in four years
      601 20 The one per cent growth in Q2 is powered by Germany’s fastest growth in 20 years Bloomberg London EUROPE’S economy expanded more than economists forecast in the second quarter as the fastest growth in Germany in two decadespoweredtheregion’s recovery. Gross domestic product (GDP)
      Bloomberg  -  601 words
    • Article, Illustration
      Media titans hit China wall
      473 20 Reuters New York AFTER years of banging their heads against China’s bureaucratic Great Wall, global media giants like News Corp are getting the message: Beijing doesn’t want them owning its airwaves. That realisation has led to a subtle shift in the way the global titans
      Reuters; REUTERS  -  473 words
    • Article, Illustration
      GM CEO steps down on cusp of IPO filing
      605 21 Dan Akerson to replace Ed Whitacre at the helm, becoming GM’s fourth CEO in 18 months Reuters Detroit GENERAL Motors Co (GM) chief executive Ed Whitacre resigned on Thursday in an abrupt shift that came as the automaker hit the homestretch
      Reuters; AP  -  605 words
    • Article
      Henderson to sell flats at HK project under probe
      463 21 Bloomberg Hong Kong HONG Kong billionaire Lee Shau-kee’s Henderson Land Development Co plans to sell 10 new apartments at the luxury development where the cancellation of sales worth HK$2.67 billion (S$466.9 million) sparked an investigation by authorities. The builder held a
      Bloomberg  -  463 words
    • Article
      HK’s economy expands 6.5% in Q2
      313 21 Bloomberg Hong Kong HONG Kong’s economy expanded 6.5 per cent in the second quarter from a year earlier, sustaining the city’s recovery from the financial crisis. Gross domestic product (GDP) rose a revised 8 per cent in the first quarter. Growth may keep cooling
      Bloomberg  -  313 words
    • Article
      BP to pay US$50m fine for US refinery blast
      438 22 The oil giant will also invest US$500m in next six years to improve safety at the Texas plant Reuters Houston BP plc will pay a record US$50.6 million fine for lingering safety problems from a deadly 2005 explosion that killed 15
      Reuters  -  438 words
    • Article
      India angry over ‘superbug’ study
      490 22 AFP New Delhi INDIA has reacted angrily to a medical study linking Indian hospitals to a mul-ti-resistant “superbug”, with some politicians claiming a conspiracy againstthecountry’sbooming medical tourism industry. The study, published in the British medical journal The Lancet, said health tourists flocking to South Asia
      AFP  -  490 words
    • Article, Illustration
      Stuck? Study uncovers every possible Rubik’s Cube solution
      260 22 AFP Washington AN international team of researchers and mathematicians using computer time lent to them by Google has found every way the popular Rubik’s Cube puzzle can be solved, and showed it can always be solved in 20 moves or less. The
      AFP; AP  -  260 words
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  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      26 22 SI* Lianhe Zaobao HDB: At least 60% of DBSS flats must be small units I SJSffiSiitflDBSS 92W-UQR sEIUTIMt To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      26 words
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  • SGX
    • Article
      Untitled
      9085 23 Transaction date: Aug 13 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 20 11 3148 8Telecom 18.5 unch 192 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 6 5834 A-Sonic 11cbi -0.5
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    • Article
      SGX CATALIST
      1894 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5.5 5 6 30.6 5.3 225 130 6222 t APStrategic 182 -3 24 182 176 177 182
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    • Article
      SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 3 0 0 0 9 5 3 Manufacturing 72 44 70 7 10 16 79 54 86 Commerce 29 15 24 4 6 2 33 21 26 Tpt/Stor/Comms 21 7 13
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    • Article
      BT SHARE INFORMATION SERVICE
      819 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 10 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Parkway Hldgs Ltd 12-Aug-10 Ho Kian Hock *Sell ***** 3.95 ***** 1.39 0 0.00 Parkway Hldgs Ltd
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    • Article
      SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,704 31,704 60,473 60,473 Manufacturing 452,318 107,494 559,812 301,178 9,072 310,250 Commerce 112,925 127,187 240,112 122,619 13,913 136,532 Tpt/Stor/Comms 109,561 81 109,642 183,862 12 183,874 Finance 21,115 21,115 131,232 131,232 Construction 17,030 43,665 60,695 3,556
      119 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      129 27 Aug 13 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2080 1.2450 Can dollar 1.2970 1.3110 Euro 1.7350 1.7550 NZ dollar 0.9610 0.9820 Sterling pound 2.1060 2.1300 US dollar 1.3520 1.3660 Local dollars to 100 units of foreign currency: Currencies Bid
      129 words
    • Article, Illustration
      STOCK MARKETS
      95 27 YTD change: +1.46% 52-week high: 3,043.28 on Aug 3,2010 52-week low: 2,521.36 on Aug 19,2009 Source: Bloomberg YTD change: -20.46% 52-week high: 3,361.39 on Nov 24,2009 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change: -3.66% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 18,971.50 on May
      Source: Bloomberg  -  95 words
    • Article
      MORGAN STANLEY CAPITAL INT'L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 12 Index Change Change Change Change Change Change World Index Preliminary 797.6 -0.4 -4.2 -0.7 -8.1 -0.6 -5.3 ‡EAFE Preliminary 740.1 -0.3 -5.7 -0.8 -10.9 -0.7 -8.1 Europe Preliminary 1082.8 0.1
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    • Article
      INTERBANK CURRENCY RATES
      154 27 Aug 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2234 1.2246 0.9007 0.9008 Canadian dollar 1.3088 1.3102 0.9636 0.9638 Euro 1.7466 1.7483 1.2859 1.2860 NZ dollar 0.9698 0.9715 0.7140 0.7146 Sterling pound 2.1248 2.1273 1.5643 1.5648
      154 words
    • Article
      LIFFE
      82 27 Aug 12 COCOA (£/tonne) Close Prev High/Low Sep 10 2127 2106 2142/2093 Dec 10 2050 2029 2073/2020 Mar 11 2061 2039 2081/2030 May 11 2075 2052 2090/2062 COFFEE (US$/tonne) Close Pev High/Low Sep 10 1735 1708 1744/1709 Nov 10 1766 1734 1774/1735 Jan 11 1765 1726 1766/1732 Mar 11
      82 words
    • Article
      CHICAGO BOT
      93 27 Aug 12 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 10 1057.*****4.*****3.*****8.00 Sep 10 1026.*****6.*****7.*****2.00 Nov 10 1028.*****5.*****8.*****1.50 Jan 11 1035.*****1.*****4.*****7.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Aug 10 41.09 41.63 41.60 41.15 Sep 10 41.21 41.77 41.85 41.13 Oct 10 41.39 41.95 42.01
      93 words
    • Article
      PALM OIL
      66 27 Aug 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 07 2780 2795 2795 2780 80 624 Sep 10 2750 2780 2792 2744 1220 7982 Oct 10 2694 2718 2737 2682 ***** ***** Nov 10 2661 2690
      66 words
    • Article
      OIL
      75 27 Aug 12 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 76.81 -1.20 WTI (Near Mth) 75.70 -2.14 Dubai (1-Mth F) 74.93 -2.01 Tapis blend 81.40 -2.00 Minas 77.30 -2.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.19 -2.70 Jet Kerosene 86.60 -3.20 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      LONDON METALS
      71 27 Aug 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2155.75 2142.00 3 months 2163.50 2131.50 Copper, Grade A (US$/tonne) Cash 7230.25 7200.00 3 months 7255.00 7172.75 Lead (US$/tonne) Cash 2074.00 2065.00 3 months 2100.00 2038.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      METALS
      66 27 Aug 13 GOLD (US$/oz) Aug 13 Aug 12 Hong Kong 1216.*****0.80 Aug 12 Aug 11 London 1213.*****8.10 1214.*****9.00 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.75 24.53 Source: UOB PLATINUM /Lon (US$/oz) Aug 12 Close Previous PM Fix 1524.*****0.00 AM Fix 1511.*****4.00 Source: Thomson Reuters PLATINUM NYMEX
      66 words
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  • PERSPECTIVE
    • Article, Illustration
      What’s going on isn’t capitalism or a free market
      1026 28 / 29  -  A feature of the credit crisis was how tiny alarm bells started jingling in the prior months, softly enough to feel like they could be ignored. Today, scary sirens are discernible through the noise of company earnings reports. By Mark Gilbert
      Bloomberg; REUTERS FILE PHOTO  -  1,026 words
    • Article, Illustration
      Lock icon Bernanke forgets his own advice
      807 28 / 29  -  Paul Krugman The writer is a professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008. NYT TEN years ago, one of America’s leading economists delivered a stinging critique of the Bank of Japan, Japan’s equivalent
      NYT  -  807 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Taxing issue of green card
        1167 30 / 31  -  Those wanting to renounce US citizenship should do so now given that asset values remain generally depressed. By Genevieve Cua By Genevieve Cua gen@sph.com.sg A US citizenship or green card has traditionally been coveted by Asians, who may go to great lengths to secure that
        BLOOMBERG  -  1,167 words
      • BROKERS’ TAKE
        • Article
          Lock icon United Engineers
          326 30 / 31 Outperform CIMB Research Aug 13 Close: $2.27 Q2 2010 core net profit of $36 million forms 46 per cent of our FY 2010 forecast and the consensus forecast. The out-performance stemmed from stronger-than-expected pre-sales recognition of The Rochester and Park Central AMK. The blemish in this set of
          326 words
        • Article
          Lock icon Genting Singapore
          382 30 / 31  -  Buy Citi Investment Research Aug 12 Close: $1.46 Compiled by Conrad Tan NORMALISING Resorts World Sentosa (RWS)’s Q2 2010 gaming revenue and making it comparable to that earned by Marina Bay Sands (MBS) during the 65 days it operated in Q2, we believe RWS had a market share
          382 words
      • Article
        Lock icon Helping heirs manage their fortunes
        596 32  -  Citigroup is offering millionaires’ children a dedicated website to help them handle their allowances responsibly. By Donal Griffin and Bradley Keoun By Donal Griffin,Bradley Keoun Bloomberg New York CITIGROUP Inc, 18 per cent owned by the US government, is testing a website to let millionaires’
        Bloomberg  -  596 words
      • Article, Illustration
        Lock icon Bond markets, not Fed, keeping interest rates low
        763 32 NYT New York JUST how low can interest rates go? Rates keep falling, and Wall Street increasingly seems convinced that they will stay low for years. But it isn’t the Federal Reserve that is cutting them it is the bond market. The
        NYT; AFP  -  763 words
      • Article, Illustration
        Lock icon Judging value in small and mid-cap space
        1348 33  -  Small caps are inherently riskier, and during a downturn a lot of smaller companies get whacked harder show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder I SPOKE to Singapore-based value fund Lumiere Capital earlier this
        Source: Compiled by BT  -  1,348 words
    • WEALTH REAL ESTATE
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  • Page 34 Advertisements
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      Lock icon Page 34 Advertisements Column 1
      64 34 Featuring the Quality Homes Collection Five Chancery. Redefining Exclusivity. For enquiries: Lawrence Chia 9617 2884, lchia@savills.com.sg Jeffrey Goh 9387 3372, jtgoh@savills.com.sg To arrange for an appointment to view our sales gallery, please call 6836 or search with us at residential.savills.com.sg savills 5f§ Iff 33: Savills lias more than 200 offices
      64 words
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  • Page 36 Advertisements
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      Lock icon Page 36 Advertisements Column 1
      45 36 J" AIDEMARS PIGLET Le maitre de Vhorlogerie depuis 1875 T 4 V T* A \y so X SIS [JI) bmar s ■MBS* f 9 'iut. I i v it f UtKr ,iiN~ TRADITION MINUTE REPEATER AND PERPETUAL CALENDAR For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com
      45 words
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    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      54 1 BT Living THE BUSINESS TIMES WEEKEND AUGUST 14 -15 2010 DROPLET CLUTCH BY FLEET ILYA FROM DOORSTEP LUXURY. PHOTO: YEN MENG JIIN DINING New faces in old places L6-7 HOME GARDEN Natural magnetism L8-9 GADGETS Space saving computers L14-15 TRAVEL Lake Como and Verona L10-11 MOTORING BMW's sizzling Z4 L20
      54 words
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  • BT Living
    • SHOPPING
      • Article, Illustration
        Lock icon Quality clicks
        1798 2 / 3  -  Qualityclicks Nix those cookie cutter boutiques andchainstores a host of Singapore-based Singapore-based websites has sprung up, offering shoppers a more unique variety of goods than can be found in the malls, along with speedy delivery.By Audrey Phoon delivery.By Audrey Phoon aphoon@sph.com.sg Doorstep Luxury www.doorstepluxury.com IT USED to be
        DOORSTEP LUXURY PHOTOS BY YEN MENG JIIN; YEN MENG JIIN  -  1,798 words
    • STYLE
      • Article, Illustration
        Lock icon SWEET SUCCESS
        629 4 / 5  -  Tsumori Chisato has made a name for herself with her feminine and whimsical creations. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg TSUMORI Chisato ranks among Japan’s fashion designer greats an exclusive group that includes the likes of Issey Miyake, Yohji Yamamoto and Rei Kawakubo but she didn’t get
        629 words
      • Article, Illustration
        Lock icon COMING YOUR WAY
        682 4 / 5  -  Five new and exciting labels to look out for. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg Meadham Kirchhoff Club21 THIS eponymous label is a combination of the two founding designers’ names Edward Meadham and Benjamin Kirchhoff. Meadham is English and Kirchhoff is from Sete in the South
        682 words
    • DINING
      • New faces in old places
        • Article, Illustration
          Lock icon Ebbe Vollmer
          821 6 / 7  -  Jaan Level 70, Equinox Complex Swissotel The Stamford 2 Stamford Road ?6837-3322 A slew of new chefs has recently come to town to helm already established restaurants. BT Weekend gets a foretaste of their culinary styles By Cheah Ui-Hoon uihoon@sph.com.sg JUST this year, Jaan thanks to talented chefAndreChiang–
          JAAN PHOTOS BY YEN MEWG JIIN  -  821 words
        • Article, Illustration
          Lock icon Lucas McMillan
          577 6 / 7  -  Zambuca Italian Restaurant Bar Level 3, Pan Pacific Singapore 7 Raffles Boulevard, Marina Square 6336-8111 By Geoffrey Eu btnews@sph.com.sg THE Pan Pacific’s stable of multi-ethnic eateries usually has something of quality to offer for even the most discerning diners, and Zambuca on the third level falls squarely into
          577 words
        • Article, Illustration
          Lock icon Kwan Yiu Han
          500 6 / 7  -  Xin Cuisine Level 4, Holiday Inn Atrium Singapore 317 Outram Road ?6731-7173 By Audrey Phoon aphoon@sph.com.sg IT HASN’T got the most exciting menu in town, nor the spiffiest set-up. But what Xin Cuisine lacks in flash it makes up for with something worth all the designer chairs
          500 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Natural magnetism
        1070 8 / 9  -  Guests feel so comfortable in Nichlas Maratos’ home that they often forget to leave. By Corinne Kerk personal space By Corinne Kerk btnews@sph.com.sg YOU don’t have to be a cat-lover. Heck, you might even dislike felines intensely until you meet Patrick, that is. The eight-month-old animal is warm,
        PHOTOS BY ARTHUR LEE  -  1,070 words
    • TRAVEL
      • Article, Illustration
        Lock icon In good company
        1665 10 / 11  -  Ingoodcompanyn Rub shoulders with A-Listers in Como, where Richard Branson and Sting have holiday homes, and imbibe some culture in Verona, the city immortalised by Shakespeare in Romeo and Juliet. By Stefanie Yuen-Thio btnews@sph.com.sg THERE is an extravagant, old-fash-ioned beauty about Lake Como and its surroundings that
        PHOTOS BY STEFANIE YUEN-THIO  -  1,665 words
    • HEALTH
      • Article, Illustration
        Lock icon FIGHT CLUBS
        1298 12 / 13  -  From the familiar like Taekwondo and Muay Thai, to the new like Systema and Kali Majapahit, it's time to get fighting fit with these international forms of martial arts. By Dylan Tan By Dylan Tan dylantan@sph.com.sg Systema (Russia) Valhalla Training Systems NUS Campus Location (next to the Children’s
        1,298 words
    • GADGETS
      • Article, Illustration
        Lock icon SPACE SAVERS
        782 14 / 15  -  Desk space is often a premium both at work and at home, which is why computers now come in myriad variations meant to keep your desk clear. By Christopher Lim By Christopher Lim limchris@sph.com.sg Lenovo M90z ($1,374) Ifyoudon’tplan tomoveyourcomputeraroundatall,it’s worthconsidering an all-in-one desktop PC that doesn’t take up
        782 words
      • Article
        Lock icon wine & dine with BTWeekend
        772 14 / 15 wine dine with BTWeekend Triple Three Level 5 Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Triple Three is back. Named for the address of the hotel 333 Orchard Road it features a new Japanese-inspired international buffet spread, helmed by Japanese Executive Chef Shigeru Akashi. Embark on a culinary adventure with
        772 words
    • SPORT
      • Article, Illustration
        Lock icon Hernandez & Solskjaer – 2 peas in a pod
        564 16  - Hernandez Solskjaer 2 peas in a pod no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor BARELY a month into his Manchester United career, young Mexican striker Javier Hernandez has already been compared to one of the club’s greatest ever legends Ole Gunnar Solskjaer. That’s quite a big compliment
        AP  -  564 words
      • Article, Illustration
        Lock icon Will we see a Big Six instead of a Big Four?
        627 16  -  kick off with steve dawson Steve Dawson WHAT football fans like to refer to as the traditional “Big Four” –Arsenal,Liverpool,Manchester United and Chelsea may well become the “Big Six” this year that could include other teams such as Tottenham
        AP  -  627 words
    • GOLF
      • Article, Illustration
        Lock icon Teeing is believing
        1237 17  -  Rather than shun the game, there are a large number of blind, visually impaired and partially sighted golfers who play golf with a ‘seeing’ coach or caddy. By Justine Moss By Justine Moss btnews@sph.com.sg THE fundamentals of a good golf game making an accurate drive, lining up
        1,237 words
    • MOTORING
      • Article, Illustration
        Lock icon Diesel power
        612 18  -  The Audi A5 3.0 TDI consumes just 6.9 litres per 100km or 14.5km per litre. By Samuel Ee By Samuel Ee samuelee@sph.com.sg PERHAPS the biggest bugbear involved in driving up north is the mandatory stop at a grubby petrol station with its usually unsavoury toilet. There is nothing
        612 words
      • Article, Illustration
        Lock icon PANNING OUT
        705 19  -  Porsche believes the Panamera 4’s engine size and pricing make it a credible alternative to the traditional big German saloon. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE entry-level Porsche Panamera has arrived and it is simply known as the Panamera or the Panamera 4. Where previously only
        705 words
      • Article, Illustration
        Lock icon Sizzling Z4
        649 20  -  The new BMW Z4 sDrive35is has increased power and torque. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT MAY look like it has the same long name but the new BMW Z4 sDrive35is really is different, and it’s not just because of the extra “s” at the end.
        649 words
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