The Business Times, 6 November 2010

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Microfilm: NL30954
Total Pages: 39
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    12 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg NOVEMBER 6-7, 2010 S$1.00 MICA (P) 139/08/2010
    12 words
  • Article, Illustration
    Lock icon Leafy trees and classes mellow private bankers
    1683 1  -  Wealth managers are going back to class to hone their skills for the post-crisis age By Felda Chay feldac@sph.com.sg Singapore ItraisiotatcolT is the most unlikely place for a training ground of finance sionals–asprawling500,000sqftestate on Kheam Hock Road, with a colonial house perched atop
    1,683 words
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      164 1 the business www.businesstimes.com.sg The Raffles Conversation JACK DANGERMOND, FATHER OF GIS 8-9 safety first China rate hike not a big blow STILL, some companies are seeking to manage any downside by paring yuan loans, tapping other forms of fund-raising, urging export customers to accept yuan pricing or using forex-hedging instruments.
      164 words
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      23 1 MOTORING Catch this Spyder L18 SHOW ME THE MONEY What lies ahead for world post-crisis 25 45Riding the Asian wealth wave, Page 4
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      146 2 G STI(latest close on Thurs) 3,240.31 (+15.34) G STI FUTURES 3,237.00 (+16.00) G SIMSCI 381.52 (+2.92) G SIMSCI FUTURES 381.70 (+2.70) STOCKS Friday Change KL COMP Closed NIKKEI 225 9,625.99 +267.21 HANG SENG 24,876.82 +341.19 SET 1,040.45 +8.84 JAKARTA 3,655.30 +26.26 MANILA 4,349.11 -48.19 KOSPI 1,938.96 -3.54 SHENZHEN B
      146 words
    • Article, Illustration
      Lock icon S’pore firms keep eye on impact of China rate hike
      884 2  -  Some seek to pare down loans, engage in yuan pricing, forex hedging By Lynette Khoo lynkhoo@sph.com.sg Singapore WHILE the impact of China’s recent rate hike is yet to be felt by companies, many say they do not expect it to
      REUTERS  -  884 words
    • Article
      Lock icon Good US job numbers bring a bit of cheer
      320 4 Nonfarm payrolls up 151,000 in October, first rise since May Reuters Washington US EMPLOYMENT increased more than expected last month as private companies hired workers at the fastest pace since April, offering more signs of an up-tick in a sluggish economy.
      Reuters  -  320 words
    • Article
      Lock icon Singapore’s private bankers ride the Asian wealth wave
      802 4  -  By Felda Chay feldac@sph.com.sg Singapore THE doom and gloom has lifted from the private banking sector, and industry players are celebrating with hiring sprees and humongous budgets as they ramp up operations, in particular in Singapore and Asia. Since the start of
      802 words
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      61 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Week in Review 10 Companies 11-12 From The Desk Of 13 Singapore 14 World 15-18 Stocks Stats 19 Perspective 20-21 Wealth 22-24 Show Me The Money 25 Househunt 26 Real Estate 27 LIVING Pursuits L2-3 Dining L4-5 Style L6-7 Beauty L8 Design
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      8 2 45Another take on China’s rate hike, Pages 20-21
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      152 3 TORTUE DE CARTIER PERPETUAL CALENDAR AND DAYS WITH RETROGRADE HAND 9422 MC CALIBRE THE CARTIER CALIBRE 9422 MC PRESENTS AN ORIGINAL AND UNIQUE INTERPRETATION OF THE PERPETUAL CALENDAR. THIS COMPLICATION FEATURES AN AVANT-GARDE DISPLAY CONSISTING OF A RETROGRADE HAND MOVING SEMI-INSTANTANEOUSLY TO INDICATE THE DAYS OF THE WEEK, AND A
      152 words
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      118 4 Swiss-Garden Hotel 8. Residences Kuala Lumpur Strategically located between Chinatown Bukit Bintang Swiss-Garden Resort Spa Kuantan The perfect East Coast family getaway Swiss-Garden Golf Resort Spa Damai Laut Off the enchanting Pangkor Island 'm m V w «Wv 4V 2D 1N FAMILY PACKAGES ss150 3D 2N FAMILY PACKAGES ss260 3D
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      169 5 SMU SINGAPORE MANAGEMENT UNIVERSITY 10™ ANNIVERSARY *****-2010 Lee Kong Chian School of Business r •'>:r I i To get to the top, learn from the top. QoCBCBlnk ■■Uapc _.b f i WM* -I iia&ltk -i it w i 9* Mr David Conner, Chief Executive Officer, OCBC Bank SMU EMBA ADVISOR
      169 words
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  • Page 7 Advertisements
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      638 7 ESPLANADE PRESENTS FESTIVAL OPENS NEXT FRI, 12 NOV! KALAA UTSAVAM Celebrate Deepavali and the textures, INDIAN FESTIVAL OF ARTS colours and emotions of Indian 12-21 NOV 2010 performing arts at Esplanade 9 INDIAN FESTIVAL OF ARTS '3 Sunidhi Chauhan In Concert (INDIA) 20 Nov, Sat, 7.30pm Concert Hall (2hrs, no
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Father of GIS
      2301 8/9  -  Jack Dangermond says geographic information systems can change world for the better. By Kenneth James By Kenneth James kenjames@sph.com.sg PASSION and purpose led Jack Dangermond to co-found the Environmental Systems Research Institute (ESRI) with his wife, Laura, in 1969. In the four decades since then, the ESRI
      ARTHUR LEE  -  2,301 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Nov 1-5, 2010
      • Article
        Lock icon New IPOs run out of steam
        47 10 RECENT initial public offerings were greeted enthusiastically by the market on their debut but for most of them, it appears the welcome ends there. Except for two mega IPOs, all have pulled back, with some even falling below their IPO prices.
        47 words
      • Article
        Lock icon Bankers close ranks to wage war on new rules
        72 10 TOP bankers have stepped up their criticism of the Basel III rules for banks ahead of the G-20 summit in Seoul next week. They say that banks will be pressured by investors to boost their capital much sooner than the 2019
        72 words
      • Article
        Lock icon Chemistry feels right for huge Petronas IPO
        50 10 IT has been billed as the region’s biggest ever flotation exercise and applications opened on Monday for the retail portion of Petronas Chemicals Group’s public share sale. Some 293 million shares are on offer and the issue is expected to be heavily subscribed.
        50 words
      • Article
        Lock icon Home loan applications fall 20% at OCBC
        40 10 APPLICATIONS for home loans at OCBC Bank have dropped by a fifth since the government announced new measures to cool the property market on Aug 30, chief executive David Conner said on Monday.
        40 words
      • Article
        Lock icon Safety a major concern but N-power can’t be dismissed
        49 10 WHILE a nuclear power plant in Singapore is not just around the corner, it is certainly on the horizon. When pressed for a timeframe at the Singapore Energy Lecture yesterday, Prime Minister Lee Hsien Loong said: “Possibly during my lifetime.”
        49 words
      • Article
        Lock icon OCBC’s Q3 profit up 27% on rapid loans growth
        71 10 OCBC Bank’s net profit rose 27 per cent to $570 million for the third quarter, surpassing analysts’ estimates, as the bank expanded its loan book much faster than the industry average to compensate for narrower margins. Higher fees and commissions from
        71 words
      • Article
        Lock icon Enter QE2, followed by dollar drama and hope
        58 10 EVEN before the Federal Reserve unveils QE2 for all to see, its money creation machine has already sent jitters across the world. Bill Gross,manager of the world’s largest mutual fund, warned on Tuesday that this latest round of asset purchases will produce
        58 words
      • Article
        Lock icon Changi hikes its fees, raises airlines’ hackles
        36 10 CHANGI Airport Group is adding new fees and hiking existing ones in a move that could see it boost its revenue by some $200 million over the coming year.
        36 words
      • Article
        Lock icon Creative takes on iPad with price ace
        37 10 CREATIVE Technology is looking to rediscover the Midas touch with new touchscreen tablets that promise to go head-to-head with Apple’s wildly popular iPad in functionality but at half the price.
        37 words
      • Article
        Lock icon DBS posts net profit of $722m for Q3
        58 10 DBS Group Holdings on Thursday posted third-quarter net profit of $722 million, up 28 per cent on lower bad debt charges and higher trading income. Like its two local rivals, South-east Asia’s largest bank bested expectations as it managed to grow loans
        58 words
      • Article
        Lock icon E50 winners celebrate power of infrastructure
        36 10 INFRASTRUCTURE and transport companies reigned supreme at this year’s Enterprise 50 Awards, with more than a quarter of the winners coming from the two industries or providing related support services.
        36 words
      • Article
        Lock icon Businesses get chance to roll back Obama’s policies
        50 10 REPUBLICAN gains in Congress in Tuesday’s elections mean that US companies from Goldman Sachs Group to Wellpoint may be able to weaken or block what they consider to be President Barack Obama’s anti-business policies on healthcare, the environment, taxes and financial reform.
        50 words
      • Article, Illustration
        Lock icon Helicopter Ben drops money from the sky
        74 10 BY unleashing a second round of so-calledquantitativeeasing –a po- lite euphemism for money printing the US Federal Reserve will make few new friends and more new enemies, especially in Asia. And this is unlikely to be the end of it either. MR BERNANKE
        AFP  -  74 words
    • NEXT WEEK | Nov 8-12, 2010
      • Article
        Lock icon US DATA
        26 10 Nov 9 Sept wholesale inventories Nov 10 Sept trade balance Oct import prices Nov 12 Consumer sentiment SINGAPORE DATA Nov 8 Oct international reserves
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      • Article
        Lock icon EVENTS
        57 10 Nov 8 Tokyo Bank of Japan publishes monthly report Jakarta US President Barack Obama starts tour of Indonesia, South Korea and Japan (to Nov 13) Nov 10 Kuala Lumpur US Defence Secretary Robert Gates visits Malaysia Nov 11 Seoul G-20 Summit 2010 (to Nov 12) Yokohama, Japan 22nd Asia-Pacific
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  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      331 10 CRYPTIC CROSSWORD Across 1 Action in open court is disturbed (11) 9 Look-out, it may have a high tar content (5,4) 10 Swindle quietly put together by a rogue (5) 11 Prompt to set off (6) 12 Traditional drinks are a sell out (4,4) 13 Does it matter to spread
      331 words
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      6 10 SATURDAY with Ludwig ‘He’s... uhm, offline...’
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  • COMPANIES
    • Article, Illustration
      Lock icon SMX in talks with ICICI to develop hedging tools
      385 11  -  Needs in industries range from ship building to mining By Jamie Lee leejamie@sph.com.sg Singapore THE Singapore Mercantile Exchange (SMX) is in talks with ICICI Bank to develop hedging tools for industries such as ship building, says SMX chief executive Thomas McMahon.
      385 words
    • Article
      Lock icon OCBC targets SMEs with new debit card
      205 11  -  By Winston Chai winstonc@sph.com.sg Singapore SMEs can now assert their branding when it comes to corporate spending, thanks to a new debit card introduced by OCBC Bank. Small business owners can stamp their company logos and corporate titles onto the OCBC Business Card.
      205 words
    • Article
      Lock icon Z-Obee Q2 profit up 6% at US$1.5m, revenue down 14.3%
      279 11  -  By Winston Chai winstonc@sph.com.sg Singapore REDUCED production costs and fair-value gains helped offset lower revenue and lifted Z-Obee Holdings’ second-quarter net profit 6 per cent to US$1.5 million, from US$1.4 million last year. But earnings per share for the three
      279 words
    • Article, Illustration
      Lock icon Fixed costs could hurt StarHub: broker
      431 12  -  It must pay fixed sum for 6-7 years more, despite a potential fall in cable subscriber base as people switch to NBN By Winston Chai winstonc@sph.com.sg Singapore A LONG-TERM network leasing deal with arch-rival Singapore Telecom and growing adoption of the new fibre optic
      FILE PHOTO  -  431 words
    • Article
      Lock icon SIA resumes A380 flights, another Qantas plane in emergency landing
      450 12 AFP Singapore SINGAPORE Airlines yesterday resumed flights on its A380 superjumbos after completing technical checks following a dramatic mid-air emergency involving a Qantas jet with the same engine model. The Qantas A380, carrying 466 people, was forced to turn back
      AFP  -  450 words
    • Article
      Lock icon AIS to pay at least 100% of annual profit as dividend
      337 12 Reuters Bangkok ADVANCED Info Service (AIS), Thailand’s top mobile phone operator, reported a better-than-expected 17 per cent rise in quarterly earnings on Thursday, boosted by growth in data and non-voice services. The market leader has revised its dividend plans
      Reuters  -  337 words
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      207 11 The Global Leadership Series Helping you understand today's critical business issues Fault Lines HOW HIDDEN FRACTURES STIU THREATEN THE WORLD ECONOMY 2010 WINNER OF THE FINANCIAL TIMES AND GOLDMAN SACHS BUSINESS BOOK OF THE YEAR By Professor Raghuram Rajan University of Chicago Booth School of Business Join Professor Rajan as
      207 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Empowering the visually impaired
      1106 13 The best ground-breaking technologies out there are those that help people overcome their limitations Chandran Nair Managing Director, SEA National Instruments IT has been proclaimed that technology will save the world: that it can help reverse climate change, help reduce the consumption of natural resources, predict
      1,106 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Emirates goes big on top sporting events to grow brand name
      573 14  -  Golf is a special focus with carrier pumping in millions of dollars to be the official airline of 15 major tournaments By Lee U-Wen leeuwen@sph.com.sg WHILE flying is and will always be its main business, Emirates is increasingly turning
      573 words
    • Article
      Lock icon S’pore media industry gets a US$50m boost
      228 14  -  By Winston Chai winstonc@sph.com.sg SINGAPORE’Smedia industryis setto get even busier, with the island having been designated the production base for US$50 million of new films over the next five years. The boost comes from a pact signed yesterday between the Media Development Authority
      228 words
  • Page 14 Advertisements
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      89 14 PRIVILEGE TO PRE-BOOK Proudly developed by UOL, Spottiswoode Residences will be previewing soon. Due to overwhelming response, a special pre-booking event is being held to allow potential buyers a first glimpse of the property. Come join us for a cup of coffee, and be entranced by the serenity of the
      89 words
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  • WORLD
    • Article
      Lock icon Indonesia’s Q3 growth comes in below forecast at 5.82%
      370 15 Data makes it even more likely that central bank will keep policy rate on hold at 6.5% well into 2011; markets show little reaction Reuters Jakarta INDONESIA’s economy grew a lower-than-expected 5.82 per cent in the third quarter from a year
      Reuters  -  370 words
    • Article
      Lock icon Asia-Pac govts curbing Internet freedom
      265 15 Well-meaning controls can be used for censorship: critics AFP Hong Kong GOVERNMENT censors are extending their reach over the Web in the Asia-Pacific region controlling what people say and do online. China has a vast army of censors operating behind what has been dubbed the
      AFP  -  265 words
    • Article
      Lock icon Gas from Merapi burns homes, forces evacuations; death toll up
      206 15 AP Mount Merapi, Indonesia BLISTERING gas from Indonesia’s most volatile volcano spewed farther than expected yesterday, incinerating houses at the edge of the danger zone, triggering chaotic evacuations and pushing the death toll in more than a week to nearly
      AP  -  206 words
    • Article
      Lock icon China inks 16b euro deals with French firms
      478 16 Chinese firms to buy 102 Airbus aircraft, uranium and technology; rare red-carpet welcome for Hu on arrival in Paris for three-day state visit AP Paris FRENCH companies will sell uranium, Airbus planes and technology worth 16 billion euros (S$29.1 billion) to China
      AP  -  478 words
    • Article, Illustration
      Lock icon BOJ asset purchase programme to start as early as next week
      443 16  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan will begin buying Japanese government bonds as early as next week under a previously announced five trillion yen (S$79.5 billion) asset purchase programme, the central bank’s policy board announced yesterday
      443 words
    • Article
      Lock icon China 'no' to setting trade imbalance targets
      743 17 It also spurns any attempt by other nations to set yuan’s target ranges to appreciate, and expresses concern at the prospect of money flooding global markets Reuters Beijing CHINA yesterday rebuffed a US initiative to set targets for trade imbalances, setting the stage
      Reuters  -  743 words
    • Article, Illustration
      Lock icon Volcker sceptical about Fed’s quantitative easing
      477 17 Reuters AP Seoul FORMER US Federal Reserve chairman Paul Volcker yesterday said he was sceptical about the benefits of the Fed’s latest quantitative easing, citing concern about long-term inflation. He told reporters after alecture in Seoul that the Fed’s plan to buy hundreds of
      Reuters; AP  -  477 words
    • Article
      Lock icon Obama starts 10-day visit to Asia
      429 18 He looks to deliver on jobs; India, Indonesia, South Korea and Japan on the itinerary Reuters Washington PRESIDENT Barack Obama was due to leave yesterday on a trip to Asia he hopes will lead to more US exports and jobs, three days after his
      Reuters  -  429 words
    • Article, Illustration
      Lock icon Swiss man does aerial loops with jet wings
      235 18 AP Bercher, Switzerland SWISS adventurer Yves Rossy jumped from a hot-air balloon yesterday and completed two aerial loops using just his custom-made jet-propelled wingsuit the first time such manoeuvres have been performed. It was just the latest daredevil stunt by the former
      AP  -  235 words
    • Article
      Lock icon BBC staff begin strike
      109 18 Reuters London STAFF at Britain’s state-funded broadcaster yesterday began the first of two 48-hour strikes to protest against changes designed to fill the gap in the BBC’s pension scheme. The BBC has been constrained by a government squeeze on public spending. “The BBC have proposed ripping
      Reuters  -  109 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      1208 15 BSAF3 P Q Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES NOTICE TO SCHEME CREDITORS Name of Company: Continental Chemical Corporation Pte Ltd (Receiver appointed over the Charged Property) (“the Company”) Registration No. *****9372Z 1. We refer to our notice to the Scheme Creditors dated 30 September 2010 which was also advertised
      1,208 words
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      242 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF FR8 PRIDE CHARTERING PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****7581N) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 1 November
      242 words
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      21 words
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      921 17 :*ATci NOTICES THE COMPANIES ACT, CAP. 50 BATAMIEN PTE LTD (In Vol. Liquidation) Co. Reg. No. *****1410K NOTICE IS HEREBY GIVEN that the creditors of the above-named Company which is being voluntarily wound up are required on or before 7 December 2010 to send in their names and addresses with
      921 words
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 19 Nov 4 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.333 1.258 Can dollar 1.298 1.249 Euro 1.85 1.779 Sterling pound 2.109 2.028 NZ dollar 1.039 0.99 US dollar 1.305 1.255 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      109 19 Unit Trusts and Funds table will be carried in BT on Monday, Nov 8. YTD change:+11.83% 52-week high: 3,244.32 on Nov 3,2010 52-week low: 2,626.52 on Nov 5,2009 (Chart shows Thursday’s index closing) Source: Bloomberg YTD change:+13.74% 52-week high: 24,931.80 on Nov 5,2010 52-week low: 18,971.50 on May
      Source: Bloomberg  -  109 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 19 In local curr In S$ In US$ dy yr dy yr dy yr Nov 4 Index Change Change Change Change Change Change World Index Preliminary 874.4 1.5 5.0 1.7 -1.4 2.2 7.9 ‡EAFE Preliminary 788.8 1.5 0.5 2.4 -3.2 2.9 6.0 Europe Preliminary 1173.1 1.7
      374 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 19 Nov 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2912 1.2927 1.0049 1.0053 Canadian dollar 1.2753 1.2773 0.9926 0.9933 Euro 1.8170 1.8188 1.4141 1.4144 NZ dollar 1.0103 1.0119 0.7863 0.7869 Sterling pound 2.0746 2.0763 1.6146 1.6147
      154 words
    • Article
      Lock icon LIFFE
      82 19 Nov 4 COCOA (£/tonne) Close Prev High/Low Dec 10 1818 1827 1844/1816 Mar 11 1842 1852 1870/1841 May 11 1860 1871 1883/1860 Jul 11 1879 1889 1903/1878 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1994 1924 1995/1937 Jan 11 2002 1932 2015/1941 Mar 11 1984 1918 1995/1925 May 11
      82 words
    • Article
      Lock icon CHICAGO BOT
      94 19 Nov 3 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 10 1227.50 122.*****0.*****2.50 Jan 11 1237.*****4.*****1.*****2.25 Mar 11 1244.*****0.*****7.*****9.00 May 11 1246.*****1.*****8.*****0.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 10 49.90 49.63 49.98 49.45 Jan 11 50.25 49.99 50.34 49.81 Mar 11 50.64 50.38
      94 words
    • Article
      Lock icon PALM OIL
      68 19 Nov 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 10 3100 3180 3180 3100 138 1564 Dec 10 3105 3192 3204 3105 812 7070 Jan 11 3112 3191 3210 3107 ***** ***** Feb 11 3111 3195
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    • Article
      Lock icon OIL
      75 19 Nov 4 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 87.70 1.65 WTI (Near Mth) 86.63 1.77 Dubai (1-Mth F) 84.72 1.12 Tapis blend 91.25 0.85 Minas 86.60 0.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.19 1.19 Jet Kerosene 97.70 1.85 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      72 19 Nov 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2429.75 2389.00 3 months 2458.00 2418.00 Copper, Grade A (US$/tonne) Cash 8594.50 8309.00 3 months 8599.00 8320.00 Lead (US$/tonne) Cash 2508.25 2415.00 3 months 2529.00 2436.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon METALS
      66 19 Nov 5 GOLD (US$/oz) Nov 05 Nov 04 Hong Kong 1387.*****0.30 Nov 04 Nov 03 London 1378.*****9.65 1379.*****0.40 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 32.44 32.23 Source: UOB PLATINUM Lon (US$/oz) Nov 04 Close Previous PM Fix 1740.*****9.00 AM Fix 1739.*****3.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Another take on China’s rate hike
      966 20 / 21  -  On Oct 19, the Chinese central bank announced a series of rate increases. Yiping Huang examines the significance of the decision Yiping Huang THE People’s Bank of China announced a series of rate hikes on Oct 19. Although economists have been arguing for monetary
      REUTERS  -  966 words
    • Article, Illustration
      Lock icon Malaysian firms eye Philippine market
      789 20 / 21  -  Al Labita The writer is a Manila-based contributor to BT btworld@sph.com.sg ARE Malaysian companies turning upbeat on the Philippines? Well, it seems so. Take, for instance, Bursa Malaysia-listed gaming titan Genting Group. In a move that stunned Manila’s corporate scene, the Malaysian firm is putting
      789 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Keeping up on finances
        1294 22 / 23  -  It is important to make sure both spouses are included in handling the family’s money. By Paul Sullivan By Paul Sullivan NYT NO one likes to be left out. But when it comes to financial matters, excluding one spouse from the deci-sion-making can, at the least,
        NYT; STOCK.XCHNG  -  1,294 words
      • BROKERS' TAKE
        • Article
          Lock icon Healthcare sector
          384 22 / 23 OCBC Investment Research Nov 4 HIGHER value addition in 2009. The total operating surplus of Singapore’s health services industry increased 7.1 per cent to $995 million in 2009, according to a recent study by the Department of Statistics. This was due to a 8.3 per cent increase in
          384 words
        • Article
          Lock icon Cosco Corporation (S) Ltd
          346 22 / 23  -  Outperform CIMB RESEARCH Nov 4 Nov 4 close: $1.99 Compiled by Joyce Hooi Q3 2010 net profit of $55 million (+147 per cent) is 30 per cent above our estimate and 45 per cent above consensus due to better-than-expected revenue and margins from shipbuilding. 9M 2010
          346 words
      • Article, Illustration
        Lock icon US commodities regulator goes hyper
        1133 24  -  As commodity prices jump, the Commodity Futures Trading Commission opened a record 419 investigations in the past year alone. By Julie Creswell and Graham Bowley By Julie Creswell,Graham Bowley NYT COTTON,sugar,silver,wheat: in investment circles, commodities like these are hot. Maybe too hot. At a time
        NYT; REUTERS  -  1,133 words
      • Article, Illustration
        Lock icon Economics meets politics in post-crisis world
        1221 25  -  US academic is more optimistic about the American economy, but on political grounds he’s more pessimistic show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder BARRY Eichengreen, the George C Pardee and Helen N Pardee Professor of
        FILE PHOTO  -  1,221 words
    • WEALTH REAL ESTATE
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  • Page 28 Advertisements
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      27 28 J* JjDEMARS PlGUET Le maitre de I'horlogcrie depuis 1875 A V ♦A Sfi I TRADITION MINUTE REPEATER AND PERPETUAL CALENDAR For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com
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      54 1 LivingTHEBUSINESSTIMESWEEKEND|NOVEMBER6-*****BTTHE BUSINESS TIMES WEEKEND NOVEMBER 6-7 2010 DINING Going down under L4-5 IN THE NAME OF ART Fresh activities for adults offer learning experiences through the arts PERSONAL SPACE Let there be light L10-11 HEALTH Born to run the marathon? L14-15 GADGETS Tech-toy jewellery L12-13 STYLE Stitches in time L6-7
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  • BT Living
    • PURSUITS
      • In the name of art
        • Article, Illustration
          Lock icon LE Chi on Canvas
          601 2 / 3  -  Z6399-3699 www.le.com.sg By Melissa Lwee mellwee@sph.com.sg WHAT happens when you throw a bit of art and mix it up with scientific theories? The answer is self-actualisation and a whole lot of happiness, or at least that’s what artist Adeline Yeo and her business partner and ex-psychologist
          601 words
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          Lock icon The Musical Theatre School
          691 2 / 3  -  Z6241-9583 www.musicaltheatreschool.sg Perform in a musical, pick up cartooning or self-actualise through painting a host of fresh activities for adults offer learning experiences through the arts. BT Weekend finds out more By Audrey Phoon aphoon@sph.com.sg ON a sunny weekday morning just outside of the city, a
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          Lock icon SG Cartoons
          595 2 / 3  -  Z9873-7663 www.sgcartoons.com By Audrey Phoon IF laughter is the best medicine, then Iskander Walen must be a pretty good doctor. After all, the Singapore-based Dutchman makes a living by dispensing humour he’s a cartoonist who’s been sketching, shading and colouring for the past 20 years. Mr Walen arrived
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    • DINING
      • GOING DOWN UNDER
        • Article, Illustration
          Lock icon The Plain
          643 4 / 5  -  50 Craig Road Z6225-4387 www.theplain.com.sg No rush, no worries, mate. F&B entrepreneurs are transporting Australia’s laidback vibe to Singapore with Aussie-inspired bistros. By Geoffrey Eu LIKE many willing converts to the conspicuously casual Down Under lifestyle, Vincent Teng is an unabashed aficionado of Aussie cafe culture. It became
          THE PLAIN PHOTOS BY JOHN HENG  -  643 words
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          Lock icon Jolly Frog
          506 4 / 5  -  81 Neil Road Z 6222-9227 www.jollyfrog.com.sg By Geoffrey Eu btnews@sph.com.sg IN keeping with the tradition started almost a decade ago by the restaurant Broth, there is a tangibly Aussie flavor to the F B offerings in the Tanjong Pagar/Duxton Hill neighborhood. Just around the corner from The Plain,
          506 words
        • Article, Illustration
          Lock icon Artichoke
          594 4 / 5  -  161 Middle Road, next to Sculpture Square Z6336-6949 www.artichoke.com.sg By Cheah Ui-Hoon uihoon@sph.com.sg IT wouldn’t be right to label Artichoke a Mediterranean restaurant, but maybe Mediterranean twice removed. Twice removed because it is chef owner Bjorn Shen’s take on the Mediterranean fare he learnt to cook in Australia, taught
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    • STYLE
      • Stitches in time
        • Article, Illustration
          Lock icon Etienne Aigner
          560 6 / 7  -  By Melissa Lwee mellwee@sph.com.sg ONCE considered an outdated, even slightly dowdy, German brand, Etienne Aigner AG is making a comeback around the world as a modern classic label, thanks to the vision of its CEO Sibylle Schoen who has been helming the brand since 2008. “I’m very happy.
          560 words
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          Lock icon Tod’s
          697 6 / 7  -  For continued success in the future, two accessories specialists are sticking to principles from the past. By Audrey Phoon aphoon@sph.com.sg IN the early 1900s, a small factory that produced handmade shoes was founded in Casette d’Ete, the heart of Italy’s shoe-making industry. It did well, but remained just one
          697 words
      • Article
        Lock icon wine & dine with BTWeekend
        775 6 / 7 wine dine with BTWeekend Chatterbox Level 5 Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with
        775 words
    • BEAUTY
      • Article, Illustration
        Lock icon Shunji’s showcase
        727 8  -  Hair maestro Shunji Matsuo has invested nearly $1m in a new flagship salon. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg Shunji Matsuo Hair Studio 260 Orchard Road, #05-01, The Heeren Z 6238-1522 AFTER 11 years at the same location, Japanese hair maestro, Shunji Matsuo, has finally opened a
        PHOTOS: YEN MENG JIIN, SHUNJI MATSUO HAIR STUDIO  -  727 words
    • DESIGN
      • Article, Illustration
        Lock icon Design in context
        950 9  -  Tom Dixon’s design inspiration stems much from the method of making things. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg IN British designer Tom Dixon’s ethos, “The Future” of furniture and interior design, is to allow consumers to understand the workings of how a table or chair is
        950 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Let there be light
        1202 10 / 11  -  Brian and Jude Kow have created a three-storey modern tropical home, and then some. By Corinne Kerk personal space By Corinne Kerk btnews@sph.com.sg INTERMEDIATE terrace homes tend to suffer from a poor reputation for being long, narrow and dark abodes, and a challenge to bring light
        PHOTOS: YEN MENG JIIN  -  1,202 words
    • GADGETS
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        Lock icon TECH-TOY JEWELLERY
        1208 12 / 13  -  Some of the latest mobile phones and media players are not just small, they’re pretty enough to wear. By Christopher Lim By Christopher Lim limchris@sph.com.sg MINIATURISATION is a wonderful thing. And it means that some gadgets are so small they are more suitable for hanging around your neck
        1,208 words
    • HEALTH
      • Article, Illustration
        Lock icon Born to run the marathon?
        1538 14 / 15  -  The animal kingdom, the Tarahumara tribe and an awe inspiring race shed light on the question we ask ourselves. By Christopher McDougall ourselves.By Christopher McDougall ~Christopher McDougall is the author of Born to Run: A Hidden Tribe, Super Athletes, and The Greatest Race the World
        PHOTOS: AFP, BLOOMBERG  -  1,538 words
    • SPORT
      • Article, Illustration
        Lock icon Liverpool badly need self-belief
        628 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THEY say that after you’ve hit rock-bottom, the only way to go is up. And that could be one optimistic way to sum up the plight of Liverpool Football Club. After a nightmare start to this season,
        REUTERS, AP  -  628 words
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        Lock icon Golf’s elite take their battle to Asia
        542 16  -  tee off with colette wong GOLF has a new world order, but don’t count on the battle for supremacy to stop any time soon. The battleground moves to Asia next, where the world’s top four players are competing in the WGC-HSBC Champions event
        AFP  -  542 words
    • GOLF
      • Article, Illustration
        Lock icon Biggest Barclays S’pore Open yet
        1067 17  -  Next week’s event at Sentosa Golf Club will feature winners of all four Majors this year, an expanded field and prize purse of US$6 million. By Justine Moss By Justine Moss btnews@sph.com.sg NEXT week, winners of all four Majors in 2010 and members of the
        GETTY IMAGES  -  1,067 words
    • MOTORING
      • Article, Illustration
        Lock icon CATCH THIS SPYDER
        652 18  -  The Audi R8 Spyder V10 has great performance and an even greater presence. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THOSE who say that the Audi R8 doesn’t have the requisite styling of a supercar probably haven’t experienced the Audi R8 Spyder V10. Some critics of the
        652 words
      • Article, Illustration
        Lock icon Luxurious heritage
        755 19  -  The Bentley Mulsanne looks massive but is unusually agile for such a large saloon, and it is the essence of motoring luxury. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT IS bigger and longer but the new flagship Bentley is also nicer to drive. The Bentley Mulsanne is
        755 words
      • Article, Illustration
        Lock icon The dynamics of BMW’s efficiency
        501 20  -  By successfully implementing EfficientDynamics measures, BMW has some of the lowest emission rates in the industry. By Joe Yeo EfficientDynamics By Joe Yeo btnews@sph.com.sg THEtalkofsustainablemobili-ty is relentless these days. Rather than just concentrating on specific technologies such as diesel or hybrids, BMW engages in a
        501 words
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