The Business Times, 28 May 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL31342
Total Pages: 48
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    19 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MAY 28 -29, 2011 S$1.00 MICA (P) 139/08/2010 sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article
    Lock icon RWS targets 16m visitors
    38 1 integrated resorts RESORTS World Sentosa is looking to up its game this year, having set a target for 16 million visitors to head to the integrated resort up from 15 million last year. 2
    38 words
  • Article
    Lock icon EBay, PayPal sue Google
    33 1 tech wars EBAY and its online payment unit PayPal Inc on Thursday sued Google Inc and two executives, alleging they steal trade secrets related to mobile payment systems. 4
    33 words
  • Article
    Lock icon S'pore GDP to overtake HK
    37 1 race of two cities SINGAPORE’s gross domestic product could overtake Hong Kong’s in the next few years, or even this year, says Bank of America Merrill Lynch economist Chua Hak Bin. 5
    37 words
  • Article
    Lock icon Build-to-Order put on hold – to just build
    840 1  - Build-to-Order put on hold to just build HDB goes into overdrive and will build in anticipation of demand; record new supply coming up, but industry players warn about dangers of overbuilding By Uma Shankari shankari@sph.com.sg Singapore WITH a new minister calling the shots, the Housing Development Board (HDB) rolled up
    840 words
  • Article, Illustration
    Lock icon S’pore is polarised but I can heal the rift in society, says Tan Cheng Bock
    773 1  -  By Ven Sreenivasan ven@sph.com.sg Singapore THE severe polarisation of Singapore society over the past few months is frightening and the country needs a unifying figure to bring Singaporeans together again, says Tan Cheng Bock. And
    773 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon RWS sets target of more than 16m visitors
      702 2  -  Phase two expansion of integrated resort on track, says Genting chairman By Felda Chay, Teo Si Jia feldac@sph.com.sg teosj@sph.com.sg Singapore RESORTS World Sentosa (RWS) is looking to up its game this year, having set a target for 16 million visitors to head
      REUTERS  -  702 words
    • Article
      Lock icon MARKETS
      140 2 G STI 3,135.52 (+11.82) G STI FUTURES 3,136 (+12) G SIMSCI 365.62 (+1.77) G SIMSCI FUTURES 366.40 (+2.40) STOCKS Friday Change KL COMP 1,548.69 +7.75 NIKKEI 225 9,521.94 -40.11 HANG SENG 23,118.07 +217.28 SET 1,067.00 +1.55 JAKARTA 3,832.38 +17.56 MANILA 4,274.51 +43.95 KOSPI 2,100.24 +8.33 SHENZHEN B 724.39 -5.60
      140 words
    • Article
      Lock icon Presidential aspirants can apply from June 1
      225 4 Singapore ASPIRING presidential candidates will be able to apply for their certificate of eligibility from June 1, the Elections Department said yesterday. The certificate, which is like a pre-qualification, is a statement from the Presidential Elections Committee (PEC) that the recipient is a
      225 words
    • Article, Illustration
      Lock icon eBay, PayPal sue Google, two execs over trade secrets
      543 4 Internet giant accused of stealing mobile payment system info Reuters Bloomberg New York EBAY and its online payment unit PayPal Inc on Thursday sued Google Inc and two executives for stealing trade secrets related to mobile payment systems. The two executives,
      Reuters; Bloomberg; BLOOMBERG  -  543 words
    • Article, Illustration
      Lock icon S’pore GDP to overtake HK’s: economist
      624 5  -  He cites factors such as currency policies and new growth engines By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE’S gross domestic product (GDP) could overtake Hong Kong’s in the next few years, or even this year, says Bank of America Merrill Lynch economist Chua Hak
      Source: Bank of America Merrill Lynch Global Research estimates, based on year-end exchange rates against US dollar  -  624 words
    • Article, Illustration
      Lock icon Plan to stabilise reactors at Fukushima on course
      609 6  -  Despite reports of damage to fuel rods this week, the road map to cool down the reactors remains intact, says official By Anthony Rowley bt wo rl d @s p h .co m .sg Tokyo JAPANESE nuclear regulators offered assurances yesterday that
      AFP  -  609 words
    • Article, Illustration
      Lock icon Forget internship – how about a returnship?
      1142 7  - Forget internship how about a returnship? It’s a programme offered by Goldman Sachs to people who’d like to return to work after a break, leading possibly to a full-time position By Joyce Hooi joyceh@sph.com.sg Singapore Rolling Stone THE modern woman might tell you that the greatest lie peddled to little
      Rolling Stone; ARTHUR LEE  -  1,142 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      61 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-13 From The Desk Of 14 Singapore 15-16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-35 Smart Money 30-31 Show Me The Money 33 Real Estate 35 LIVING Travel L2-5 Destination Dining L6-7 Dining L8-9 Style,Watches
      61 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      1792 3 ERENNIAL CHINA RETAIL TRUST (a business trust constituted on 22 February 2011 under the laws of the Republic of Singapore) Managed by Perennial China Retail Trust Management Pte. Ltd. (Registration Number *****4622Z) OFFER FOR SUBSCRIPTION BY PERENNIAL CHINA RETAIL TRUST MANAGEMENT PTE. LTD. Offering of 563,579,000 Units Public Offer Size:
      1,792 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      87 5 SINGAPORE —SWEEP— 1 ST PRIZE $2 2 nd p R Z E SUPER SWEEP SNOWBALLED TO ,200,000 $500,000 $250,000 $1,300,000 3 rd PRIZE 1st Prize S2.2 Million ccrui Drill I 2nd Prize $500,000 Inl Prize $250,000 S\\ o(j C;^6H0\c No SINGAPORE 06/201-, ?\VrxP sum** Draw No. 06/2011 S3 $3'a .V.
      87 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      94 5 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 1 June 2011 Tenor Approximately 10 years Total Amount Allotted SGD 2,700,000,000 Amount Allotted to Non-Competitive Applications SGD 408,972,000 Amount Allotted to MAS SGD 200,000,000 Total Amount Applied SGD 5,729,152,000 Coupon Rate
      94 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      69 6 A [«ATS RECRUIT Check out these positions and one thousand more in CATS Recruit Executive Appointments now! UOB is looking for a Product Specialist, Group Commercial Banking Join Financial Alliance as Financial Consultants Soar to greater heights at RSAF as Officers SPRING Singapore is hiring Industry Enterprise Development Managers Check
      69 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      204 7 MAT-3 NOTICES IN THE MATTER OF COMPANIES ACT, CAP 50 DRAGONLAND TECHNOLOGY PTE LTD (REGISTRATION NO. *****8672G) (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuantto Section 308 of the Companies Act, Cap 50 the Final Meeting of the Company will be held at 101 Cecil Street #16-05 Tong Eng
      204 words
    • Advertisement
      Lock icon Page 7 Advertisements Column 2
      261 7 NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF MULTIGO REALTY INVESTMENTS (S) PTE LTD (IN LIQUIDATION) Co. Reg. No. *****2451 H Notice is hereby given pursuant to section 295 of the Companies Act (Chapter 50) that a meeting of
      261 words
Page thumbnail Page 8/9
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The bubble spotter
      2371 8/9  -  spotterperhapJeremy Grantham may be a capitalist who has made a career of identifying and warning investors of bubbles, but he is spotterperhapJeremy perhaps one with a conscience.By Teh Hooi Ling conscience.By Teh Hooi Ling hooiling@sph.com.sg JatnEREMY Grantham, one of the top strategists on Wall Street, is well-known
      ARTHUR LEE  -  2,371 words
Page thumbnail Page 10
  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK May 23-27, 2011
    • Article
      Lock icon NEXT WEEK May 30-June 3
      95 10 US DATA May 31 May consumer confidence June 1 ISM manufacturing index Construction spending Motor vehicle sales June 2 Jobless claims Factory orders June 3 Employment situation EVENTS May 30 THE OECD hosts in Paris the 2011 Annual Bank Conference on Development Economics May 31
      95 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      314 10 CRYPTIC CROSSWORD Across 1 An event Jews won’t forget or ignore (8) 6 Bill put in stir, perhaps, being a bigot (6) 9 Upset to miss cold meal the last? (6) 10 Fast-growing spring flower? (4,4) 11 Edge to the left when travelling in Britain (8) 12 Hit on an
      314 words
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      13 10 SATURDAY with Ludwig How about an aircraft carrier playset sound good to you
      13 words
Page thumbnail Page 11
  • COMPANIES
    • Article
      Lock icon SGX queries Artivision after its share plunges
      589 11  -  Six-cent drop comes after the firm, whose stock price rose five-fold in the past six weeks, reports Q4 earnings hot stocks| By Ven Sreenivasan ven@sph.com.sg SHARES of Artivision Technologies, which had risen five-fold in the past six weeks, plummeted some 22 per cent
      589 words
    • Article
      Lock icon Tips and perspectives on investing in Indonesian companies
      245 11 SHAREINVESTOR will host an inaugural roadshow today to highlight tips on investing in Indonesian companies. The event, known as Indonesia GEMS 2011, will feature some of the listed firms in Indonesia, including PT Garuda Indonesia, PT Bakrie Brothers and PT Bank Saudara.
      245 words
    • Article
      Lock icon Analysts flag risks to Cosco order book over Sevan Marine’s woes
      611 11  -  But accords are with Sevan Drilling, not the parent, some say By Lynn Kan lynnkan@sph.com.sg AFTER dispelling investor worries stemming from a financial irregularity report on its parent company, Cosco Corporation (S) may find itself having to battle investor
      611 words
    • Article, Illustration
      Lock icon Perennial China to raise $776.2m in IPO
      433 12  -  Firm confirms that its units will be priced at 70¢ each By Emilyn Yap emilyny@sph.com.sg PERENNIAL China Retail Trust (PCRT) will be raising $776.2 million in gross proceeds from its initial public offering. It confirmed yesterday that its units will be priced at
      433 words
    • Article
      Lock icon Olam takes US$1.25b loan to expand, refinance debt
      157 12 Bloomberg OLAM International Ltd, which is building a US$1.3 billion fertiliser plant in the Republic of Gabon, agreed to borrow US$1.25 billion to refinance debt and to expand its supply chain management business. Olam arranged a two-part syndicated term loan divided equally
      Bloomberg  -  157 words
    • Article
      Lock icon Kim Eng Q1 net profit up 3.4% at $15.6m
      375 12  -  By Jamie Lee leejamie@sph.com.sg KIM Eng Holdings which is now controlled by Maybank saw its first-quarter net profit rise just 3.4 per cent due to lower revenue from the sale of development properties stemming from a change in accounting policy. The
      375 words
    • Article
      Lock icon Datapulse Q3 net profit inches up to $1.45m
      306 12  -  By Enya Lim enyalim@sph.com.sg DATAPULSE Technology, a solution provider of CD and DVD services in Asia Pacific, yesterday reported a net profit of $1.45 million for the third quarter ended April 30, 2011 a rise of 2.4 per cent from $1.42 million
      306 words
    • Article, Illustration
      Lock icon STI remains stuck in a narrow trading range
      951 13  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent AT the risk of overusing a football cliche, the action in the Straits Times Index (STI) this week was very much akin to a game of two halves. In the first, the index was hit by
      951 words
    • Article
      Lock icon Emerging stock funds see outflows
      258 13 Bloomberg EMERGING market equity funds reported a second consecutive week of outflows as escalating concerns over Europe’s sovereign debt crisis dented demand for riskier assets, according to Citigroup Inc. Funds investing in developing nation stocks lost an overall US$1.03 billion during the week ended May
      Bloomberg  -  258 words
    • Business briefing
      • Article
        Lock icon Sunray warns of significant Q4 loss
        47 13 SUNRAY Holdings warned that it expects a “significant” net loss for the fourth quarter ended March 31, 2011, which will result in a net loss for the full year (FY2011). Further details of the group’sperformancewillbeprovidedwhenitannounces its FY2011 results on May 30.
        47 words
      • Article
        Lock icon EMS Energy unit orders US$2m crane
        72 13 EMS ENERGY said that its subsidiary, Engineering Marine Services (Pte) Ltd, has signed an agreement with Hoang Long Joint Operating Company for a repeat order to manufacture and supply one additional unit of offshore pedestal crane valued at about US$2 million. The second crane
        72 words
      • Article
        Lock icon Tritech posts $8.4m profit
        84 13 TRITECH Group announced a net profit of $8.4 million for the financial year ended March 31, 2011, a 30.7 per cent increase from a year ago. Revenue increased by 10.9 per cent to $46.9 million as a result of the continued demand for the group’sspecialist engineeringservicesfrompublic
        84 words
      • Article
        Lock icon StarHub clarifies growth projection
        61 13 IN a Reuters article published in The Business Times on May 26, 2011 (“StarHub has no plans for special dividend: CEO”), it was reported that StarHub expected single-digit growth in full-year revenues and net profits this year. StarHub has clarified that the reference was only to
        61 words
      • Article
        Lock icon Transcu narrows full-year loss
        58 13 TRANSCU Group narrowed its net loss for the full-year ended March 31 to US$16.6 million from a net loss of US$29.2 million the year before. This came on the back of a 35.1 per cent increase in revenue to US$11.1 million from US$8.2 million a year
        58 words
Page thumbnail Page 12
Page thumbnail Page 13
Page thumbnail Page 14
  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Letting staff volunteer is good for business
      914 14  -  When staff work for others for free, not only employees and communities benefit, so do the companies from the desk of Steve Bertamini Group Executive Director and CEO of Consumer Banking Standard Chartered plc MOST of day’slargeorganisations realise that encouraging employees to volunteer
      914 words
Page thumbnail Page 15
  • SINGAPORE
    • Article
      Lock icon Mid-year bonus for civil servants
      217 15  -  They will receive half-a-month’s salary plus $250; NTUC, affiliated unions welcome move By Emilyn Yap emilyny@sph.com.sg THE government has decided to pay civil servants a mid-year bonus comprising half-a-month’s salary plus $250. This is slightly less than last year’s mid-year payment, which was made up
      217 words
    • Article, Illustration
      Lock icon Panasonic bets on eco-friendly products
      286 15  -  By Lester Hio lesterh@sph.com.sg IN TWO years time, electronics giant Panasonic fully expects 80 per cent of its Asia-Pacific sales to come from its eco-friendly products. But this, says Yorihisa Shiokawa, managing director (Asia-Pacific), has to be matched by a CO2 emission reduction by the
      286 words
    • Article, Illustration
      Lock icon FairPrice, Visa tie up to make shopping easier
      395 15 GROCERY shopping has just got a lot more convenient with NTUC FairPrice now accepting Visa cards as a method of payment at its 105 stores islandwide. Touted as a “convenient, fast, secure and rewarding way to pay”, this initiative comes after a
      395 words
    • Article, Illustration
      Lock icon Lim Swee Say to be PA deputy chairman
      300 15 TAKING over from Lim Boon Heng as deputy chairman of the People’sAssociation(PA)isMinister Lim Swee Say, who has been appointed PA deputy chairman by Prime Minister Lee Hsien Loong, who is also chairman of the PA Board of Management. His term of office
      300 words
    • Article
      Lock icon Services sector receipts grow 8.2% in Q1
      375 16  -  Main driver is financial and insurance services sector, with a 12.6% jump in turnover By Teh Shi Ning tshining@sph.com.sg SINGAPORE’S services sector has raked in 8.2 per cent more in turnover in the first quarter, compared to a year ago. This was driven
      375 words
    • Article
      Lock icon LTA awards 2 Downtown Line Stage 3 contracts for $382.8m
      223 16 THE Land Transport Authority (LTA) has awarded two civil contracts totalling $382.81 million for the Downtown Line Stage 3 project. Samsung C&T Corporation has been awarded a contract for the construction of the Expo station and its overrun tunnels for
      223 words
    • Article, Illustration
      Lock icon The way to peace: Ramos-Horta
      511 16  -  By Lynn Kan, Mindy Tan lynnkan@sph.com.sg tanmindy@sph.com.sg TIMOR Leste President Jose Ram-os-Horta believes that art unlocks the future for the children of today. The 1996 Nobel Peace Prize winner and author of a children’s book said the time has come for Asian writers and illustrators
      ARTHUR LEE  -  511 words
  • Page 15 Advertisements
Page thumbnail Page 16
Page thumbnail Page 17
  • WORLD
    • Article
      Lock icon Sime sells energy business to beat full-year target
      508 17 Petronas to buy it for RM695m; Sime posts RM820m Q3 profit against RM309m loss last year; review complete, restructuring underway Reuters Kuala Lumpur MALAYSIA’s Sime Darby, the world’s top planter by land-bank size, is exiting its loss-making oil-and-gas (O&G) business as part
      Reuters  -  508 words
    • Article
      Lock icon Jakarta targets high growth to reduce poverty, unemployment
      385 17 It eyes 9% growth a year from 2015-2025, inflation cap of 3% AFP Jakarta INDONESIAN President Susilo Bambang Yudhoyono yesterday unveiled a plan to boost economic growth to as high as 9 per cent a year between 2015 and 2025, from the
      AFP  -  385 words
    • Article, Illustration
      Lock icon EU banks could evade part of Basel III: FT
      290 17 Reuters London BANKS in the European Union could evade part of the Basel III capital requirements under draft legislation implementing the globally agreed standards, the Financial Times reported yesterday. FT said that the draft could allow EU banks to count more
      Reuters; FILE PHOTO  -  290 words
    • Article
      Lock icon Japan consumer prices rise after 28 months
      517 18 Analysts say 0.6% CPI rise in April was due to higher oil prices and it may not be the end of deflation; retail sales were down 4.8% while Fitch cuts sovereign debt outlook AFP Tokyo JAPAN’s consumer inflation rose for the first time
      AFP  -  517 words
    • Article
      Lock icon JPMorgan plans to expand energy, metals trade
      601 18 Reuters Singapore JPMORGAN Chase Co plans to expand its physical trading activity in China’s oil market, Indonesia’s coal sector and across Asian metals to cash in on what it sees as a long-term bull market, the head of the bank’s Asian commodities unit
      Reuters  -  601 words
    • Article, Illustration
      Lock icon Greek PM fails to win opposition support for austerity measures
      450 19 Without a credible political consensus, EU aid guarantees for next year are unlikely Reuters Athens GREECE’s prime minister failed to convince opposition leaders yesterday to support tougher austerity measures to free up EU/IMF aid needed to avert a debt default.
      Reuters; REUTERS  -  450 words
    • Article
      Lock icon April consumer spending edges up 0.4%
      392 19 latest us data| Reuters Washington US CONSUMER spending rose modestly in April, starting the second quarter on a soft note as high petrol prices continued to squeeze household finances and keep inflation pressures simmering. The Commerce Department yesterday said consumer spending increased 0.4 per
      Reuters  -  392 words
    • Article
      Lock icon Surge in commodity prices a threat to recovery, says G-8
      328 19 Reuters Bloomberg Deauville, France GROUP of Eight leaders singled out surging commodity prices as a significant threat to the global economic rebound while promising US$20 billion in aid to Tunisia and Egypt and potentially billions more to foster new democracies
      Reuters; Bloomberg  -  328 words
    • Article
      Lock icon Sony to restore PlayStation network in Asia
      446 20 The company, hit by a security breach a month ago, will also offer a new identity protection service to customers Reuters Tokyo SONY Corp has said that it would begin the restoration of its PlayStation videogame network in Japan and elsewhere in Asia
      Reuters  -  446 words
    • Article
      Lock icon End of Fed’s QE2 a minor event: IMF economist
      346 20 Markets brace for end of Fed’s cheap-money policy at end of June Reuters Rio de Janeiro THE END of the latest phase of the US Federal Reserve’s loose monetary policy is unlikely to cause a major pullback of funds from emerging
      Reuters  -  346 words
    • Article, Illustration
      Lock icon Fifa president Blatter too comes under ethics probe
      449 20 Reuters Zurich FIFA president Sepp Blatter will face an ethics investigation alongside his election rival Mohamed Bin Hammam after soccer’s governing body widened its enquiry into bribes-for-votes allegations. In a shock move yesterday, Fifa said that it was calling Mr Blatter to
      Reuters; AP  -  449 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      61 17 Tuck into CEOTHEGREAT outkoocCHARITY Feast on great hawker fare prepared personally by S’pore’s top bosses Feel good because all proceeds go to charity When: Every Friday (7-9pm) Where: Food Republic Beer Garden* at St James Power Station the new paper *Opens daily from 6pm to 5am (Sunday to Thursday) and
      61 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      56 18 Choice oinmunity Indian usim or© a Sin A *2 > 3 1 Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. An English weekly available free every Friday at all 7-Eleven outlets For advertising
      56 words
Page thumbnail Page 19
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
Page thumbnail Page 23
Page thumbnail Page 24
  • SGX
    • Article
      Lock icon SGX CATALIST
      10028 24 Transaction date: May 27 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 16 15.5 16.5 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 8.5 +1 735 8.5 8 8 8.5 1.5
      10,028 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 4 0 0 0 9 4 4 Manufacturing 53 41 57 3 3 8 56 44 65 Commerce 25 8 24 2 3 5 27 11 29 Tpt/Stor/Comms 19 10 14
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      823 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning May 23 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Pertama Hldgs Ltd 26-May-11 Setto Pty Ltd *Buy ***** na *****8 60.94 *****2 77.98 Pertama Hldgs Ltd
      823 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,826 37,826 131,398 131,398 Manufacturing 269,801 45,548 315,349 209,249 785 210,034 Commerce 117,308 26,196 143,504 140,268 4,801 145,069 Tpt/Stor/Comms 109,951 8,611 118,562 213,272 984 214,256 Finance 15,346 15,346 172,357 172,357 Construction 13,777 342 14,119 4,161
      121 words
Page thumbnail Page 25
  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      119 25 currency May 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.362 1.285 Can dollar 1.291 1.242 Euro 1.788 1.72 Sterling pound 2.073 1.994 NZ dollar 1.032 0.983 US dollar 1.26 1.212 Local dollars to 100 units of foreign currency: Currencies
      119 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      93 25 YTD change:-1.71% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,681.12 on May 27,2010 Source: Bloomberg YTD change: +0.36% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +7.13% 52-week high: 12,876.00 on May 2, 2011 52-week low: 9,614.32 on
      Source: Bloomberg  -  93 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr May 26 Index Change Change Change Change Change Change World Index Preliminary 911.6 0.0 1.6 0.0 0.5 0.1 3.3 ‡EAFE Preliminary 785.1 0.2 -2.0 0.6 -1.2 0.7 1.6 Europe Preliminary 1170.6 -0.2
      374 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 May 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3212 1.3229 1.0683 1.0688 Canadian dollar 1.2654 1.2670 1.0232 1.0236 Euro 1.7623 1.7645 1.4250 1.4256 NZ dollar 1.0093 1.0107 0.8161 0.8166 Sterling pound 2.0334 2.0355 1.6442 1.6446
      154 words
    • Article
      Lock icon LIFFE
      82 25 May 26 COCOA (£/tonne) Close Prev High/Low Jul 11 1849 1841 1883/1833 Sep 11 1873 1867 1904/1859 Dec 11 1900 1892 1929/1884 Mar 12 1926 1918 1952/1915 COFFEE (US$/tonne) Close Pev High/Low May 11 2581 2571 2587/2580 Jul 11 2600 2590 2607/2586 Sep 11 2636 2626 2644/2625 Nov 11
      82 words
    • Article
      Lock icon CHICAGO BOT
      93 25 May 26 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 11 1384.*****7.*****8.*****7.00 Aug 11 1381.*****3.*****4.*****3.25 Sep 11 1377.*****7.*****7.*****6.25 Nov 11 1372.*****1.*****2.*****0.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 11 58.70 57.96 58.94 57.92 Aug 11 58.98 58.23 59.20 58.25 Sep 11 59.28 58.52 59.48
      93 words
    • Article
      Lock icon OIL
      75 25 May 26 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 114.85 0.50 WTI (Near Mth) 100.26 -1.11 Dubai (1-Mth F) 108.39 1.21 Tapis blend 120.47 1.66 Minas 117.87 1.66 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.78 2.56 Jet Kerosene 127.70 4.05 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      71 25 May 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2557.00 2527.75 3 months 2562.00 2540.00 Copper, Grade A (US$/tonne) Cash 9010.00 9059.00 3 months 9020.00 9065.00 Lead (US$/tonne) Cash 2511.50 2535.50 3 months 2491.00 2522.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon METALS
      66 25 May 27 GOLD (US$/oz) May 27 May 26 Hong Kong 1529.*****8.20 May 26 May 25 London 1517.*****8.36 1518.*****9.13 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 47.03 46.62 Source: UOB PLATINUM Lon (US$/oz) May 26 Close Previous PM Fix 1779.*****4.00 AM Fix 1777.*****7.00 Source: Thomson Reuters PLATINUM NYMEX
      66 words
    • Article
      Lock icon PALM OIL
      65 25 May 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3527 3540 3556 3527 1092 4367 Jul 11 3483 3490 3503 3479 2540 ***** Aug 11 3440 3438 3454 3424 ***** ***** Sep 11 3416 3408
      65 words
Page thumbnail Page 26 / 27
  • PERSPECTIVE
    • Article, Illustration
      Lock icon They are not in it for the money
      1119 26 / 27  -  Industry bodies, sometimes called trade associations or industry trade groups, represent a new breed of non-profit organisations. By Rohit Dadwal By Rohit Dadwal ~The writer is managing director, Mobile Marketing Association Asia Pacific Ltd MOST people associate non-profit organisations with charity, assuming
      STOCK.XCHNG  -  1,119 words
    • Article, Illustration
      Lock icon Caught in the web of electronic networks
      853 26 / 27  -  David Mason ~The writer was a partner with Price Waterhouse Singapore for eighteen years. He left to run his own consultancy in business communications from his home in the UK. He spends several months a year with clients in Singapore. His email is
      LIANHE ZAOBAO FILE PHOTO  -  853 words
Page thumbnail Page 28 / 29
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Why optimism still makes sense
        1446 28 / 29  -  There is good reason to see the latest setback in the global growth outlook as just another soft spot, and the fallback in shares as just another correction Shane Oliver AMP Capital Investors The writer is head of investment strategy and chief economist, AMP Capital
        Source: Bloomberg, AMP Capital; AP  -  1,446 words
      • BROKERS' TAKE
        • Article
          Lock icon Earnings Scorecard Q1 2011
          516 28 / 29  -  Kim Eng Securities May 27 Compiled by Jamie Lee SHORT-TERM confusion: With property developers adopting the new accounting practice of recognising development profits overseas only upon completion of the projects rather than on a percentage of completion basis, reported earnings are now even less representative of
          516 words
        • Article
          Lock icon Glossary:
          124 28 / 29 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1,Q2,Q3– first,second,orthirdquarter q-o-q quarter-on-quarter
          124 words
      • Article, Illustration
        Lock icon A dude who knows his start-ups
        1007 32  -  Actor Ashton Kutcher is pretty good at the high-tech venture capital game. By Jenna Wortham NYT New York ASHTON Kutcher, a former model, rose to fame in Hollywood by playing a handsome ditz in Dude, Where’s My Car? and on That 70s Show. But
        NYT; AFP  -  1,007 words
      • Article, Illustration
        Lock icon This business of sustaining growth. . .
        1279 33 This business of sustaining growth. Bigger companies here have a better chance at it show me the money MCKINSEY Quarterly had an article recently on the real picture of sustaining top-line growth. “Manyleaderssetunrealistic growth targets,” the article noted. “Often, they don’t properly consider how fast their underlying markets are growing
        Source: Compiled by BT with data from Bloomberg  -  1,279 words
      • Article
        Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN APRIL 27 AND MAY 3, 2011
        1124 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 12 NON-LANDED Ava Twr Apt 27/04/2011 FH 1281 1000 781 Boon Teck Twr Apt 27/04/2011 FH 1658
        1,124 words
      • Article, Illustration
        Lock icon Indian PE property funds may exit at a loss
        679 35 They may have to sell at 40% below cost over the next few years, says Kotak Investment Bloomberg Mumbai PRIVATE-EQUITY funds that made investments at the peak of India’s property boom in 2007 face losses of as much as 40 per
        Bloomberg; BLOOMBERG  -  679 words
      • Article, Illustration
        Lock icon Kwek Leng Joo raises $500,000 for charity
        158 35 Singapore KWEK Leng Joo, managing director of City Developments, has raised more than $500,000 through the sale of his Heart Voyage collection of photo art books. An avid photographer, his latest personal photo art book, Heart Voyage III, pays tribute to the role
        158 words
    • SMART MONEY
      • Article, Illustration
        Lock icon Understanding investment-linked savings
        1879 30  -  There are caveats to look out for in vehicles for such savings. By Genevieve Cua gen@sph.com.sg WHETHER you are thinking of saving for retirement or your children’s university fees or simply looking to set money aside for the proverbial rainy day, there are many vehicles to choose
        FILE PHOTO  -  1,879 words
      • Article, Illustration
        Lock icon Insurance – for protection and investment
        947 31  - Insurance for protection and investment By Genevieve Cua YOU’VEoften heard it said that insurance is a long-term commitment, and it truly is. In a long-term regular-premium plan, you often do not break even on your premium payments until after the 15th year. Because of this long commitment, and because your
        FILE PHOTO  -  947 words
Page thumbnail Page 30
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      27 31 This monthly column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg
      27 words
Page thumbnail Page 32
Page thumbnail Page 33
Page thumbnail Page 34
Page thumbnail Page 35
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Lock icon Page 36 Advertisements Column 1
      46 36 M AUDEMARSPIGUET Le maitre de I'horlogerie depuis 1875 <. fTZ W V .f 1 0 0 n iH ft a; 3 0n 8 nv m A Ur OOf o 111 at» c IS* f. J ROYAL OAK OFFSHORE DRIVER SELFWINDING For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com
      46 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      65 1 TRAVEL Living history L4-5 LivingTHEBUSINESSTIMESWEEKEND|MAY28-*****1BTTHE BUSINESS TIMES WEEKEND MAY 28-29 2011 THE SUN STILL RISES Nature may have dealt Japan a blow, but Tokyo continues to bustle with activity albeit in subdued tones DINING Lion City raw L8-9 PHOTO: AP/KOJI SASAHARA GADGETS Svelte vs brawny L14 DESTINATION DINING A veritable
      65 words
Page thumbnail Page 2 / 3
  • BT Living
    • TRAVEL
      • Article, Illustration
        Lock icon The sun still rises
        1346 2 / 3  -  Post-quake and nuclear disaster, Japan’s previously neon-lit capital still bustles with activity albeit in subdued tones. Pause for a moment to observe and one will feel a sense of stoicism as Tokyoites carry on with their lives. By Jaime Ee lives.By Jaime Ee ON May 20,
        PHOTOS: BLOOMBERG, AFP, AP, REUTERS  -  1,346 words
      • Article, Illustration
        Lock icon To each his own
        571 2 / 3  -  B y Jaime Ee jaime@sph.com.sg Restaurant review Len Omiya Bldg 4F 4-3 Kagurazaka, Shinjuku-ku, Tokyo Z+81-3-6265-0177 FOR fans of Ishikawa who consistently had trouble making reservations at the celebrated three Michelin-starred kaiseki restaurant, there were always two other restaurants run by chef Hideki Ishikawa’s former proteges
        571 words
      • Article, Illustration
        Lock icon Living history
        1053 4 / 5  -  The ancient city of Kyoto has drawn many visitors keen to explore its romantic past. But it has its urban buzz as well. By Jaime Ee By Jaime Ee CONTRARYtowhat you might think when you first lay eyes on it, Arashiyama is not the work of an ambitious
        1,053 words
    • DESTINATION DINING
      • Article, Illustration
        Lock icon A veritable feast
        2620 6 / 7  -  Forget sushi, ramen or tempura. In Kyoto, kaiseki cuisine is the way to go. Whether you want it traditional or modern, the choice is endless. Jaime Ee picks a few places to start off with Jaime Ee EVER wanted to feel like a local but aren’t inclined
        2,620 words
    • DINING
      • Article, Illustration
        Lock icon Lion City raw
        1877 8 / 9  -  To cater to an increasingly health conscious society, new F&B establishments such as these three are embracing the raw vegan way of life. By Audrey Phoon life.By Audrey Phoon aphoon@sph.com.sg Going hardcore raw The Green Room Bishan Park 2, 1382 Ang Mo Kio Ave 1 Z6556-1533 www.greenroomcafe.com.sg
        ABOVE: FILE PHOTO  -  1,877 words
    • STYLE
      • Article, Illustration
        Lock icon Winning Blueprint
        981 10  -  Asia Fashion Exchange’s Blueprint trade show is proving a trade-up for local and Asian designers, notching up more than 200 regional fashion buyers at only its second showing. By Melissa Lwee mellwee@sph.com.sg IF last year’s Blueprint the trade show element under Asia Fashion Exchange was a debut draft,
        PHOTOS OF JACKIE JS LEE, TIM WEILAND AND MAE PANG RUNWAY MODELS: SUHAIMI ABDULLAH  -  981 words
    • WATCHES
      • Article, Illustration
        Lock icon Space for time
        964 11  -  Niche watch brand Officine Panerai revisits the genius of Italian physicist Galileo Galilei. By Dylan Tan Galilei.By Dylan Tan dylantan@sph.com.sg UNLIKE many luxury watch brands, Officine Panerai has never had to hire a celebrity ambassador to endorse it. The closest it ever came to that was in
        PHOTOS: OFFICINE PANERAI  -  964 words
    • ARTS FESTIVAL
      • Article, Illustration
        Lock icon Recognising women past
        808 12/13  -  HERstory was inspired by the playwright’s mum, whose name was commonly associated with the 1955 Hock Lee bus riots. By Natalie Koh By Natalie Koh TWO years ago, Men In White, a book that covered Singapore’s political history, including its fight against the leftist movement in 1957,
        OLIVIA KWOK  -  808 words
      • Article
        Lock icon Better in the Fringe category
        430 12/13  -  By Cheah Ui-Hoon uihoon@sph.com.sg THERE is the Festival Village which shows ticketed shows and free ones in the arts festival this year, but the Javanese Moonlight Intertwined left one wishing for the fringe category as in previous festivals. The Indonesian double bill somehow didn’t have
        430 words
      • Article
        Lock icon Using dance to understand memories
        404 12/13  -  By Rebecca Liu rebeccal@sph.com.sg TRANSLATING the intangible into something concrete is no easy feat, not least for young choreographers Foo Yun Ying and Zhuo Zihao. Particularly so when their chosen art form of dance is so open to interpretation, and their choice of subject is
        404 words
      • Article, Illustration
        Lock icon Sounds of lost Shu
        607 12/13  -  Soul Capture conjures the spirit of a lost Chinese kingdom’s music, reportsChristopher Lim Christopher Lim TRYING to reconstruct ancient music scores is challenging enough, but some sounds have been lost and require a mixture of archaeology and reckless imagination. Chinese composer Hu Xiao-ou and local classical
        ALOYSIUS LIM  -  607 words
    • GADGETS
      • Article, Illustration
        Lock icon Svelte vs brawny
        647 14  -  The world’s most seductive Windows laptop, Samsung’s Series 9, faces off with HP’s Pavilion dv6, a veritable music-and-video powerhouse. By Christopher Lim By Christopher Lim limchris@sph.com.sg LIFE has been really hard for shoppers who don’t want an Apple MacBook Air, but still want great aesthetics, light weight
        647 words
    • HEALTH
      • Article, Illustration
        Lock icon Viruses and the heart
        1058 15  -  While viral infection of human hearts can result in damage to the organ, viruses can also be used to treat failing hearts. By Michael Lim hearts.By Michael Lim MY first patient with inflammation of the heart as a result of a viral infection (viral myocarditis or
        STOCK.XCHNG  -  1,058 words
    • SPORT
      • Article, Illustration
        Lock icon Footbrawl plunges S-League to new lows
        645 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor ENOUGH is enough. The disgraceful scenes at Hougang Stadium last Monday as players from two S-League clubs brawled openly even before their match had begun puts the exclamation point on everything that is wrong with
        PHOTO: NP FILE  -  645 words
      • Article
        Lock icon History counts for little in Barca-United rematch
        571 16 kick off with jason de la pena TONIGHT at Wembley Stadium in London, over 85,000 football fans will witness either Manchester United or Barcelona lift the UEFA Champions League trophy, reprising a repeat of their encounter in the 2009 final in Rome which
        571 words
    • GOLF
      • Article, Illustration
        Lock icon The Tank comes into his own
        1293 17  -  On top of setting up a charity foundation in ‘09, he will host his own tournament this year. By Justine Moss btnews@sph.com.sg WHEN KJ Choi sank a three-foot putt on the first playoff hole against David Toms to lift the Players’ Championship title at
        PHOTOS: ASIAN TOUR  -  1,293 words
    • MOTORING
      • Article, Illustration
        Lock icon UNDER ONE ROOF
        659 18  -  The best part about the Volkswagen’s EOS styling is that it has a sleek profile. By Samuel Ee samuelee@sph.com.sg WHAT makes a convertible a success, especially in a tropical country a stone’s throw away from the equator? For Volkswagen, it is about 100. More than 100 units
        659 words
      • Article, Illustration
        Lock icon A7 UPS THE ANTE
        549 19  -  The five-door coupé impresses with its sporty styling, refined cabin and smooth performance. By Samuel Ee samuelee@sph.com.sg GIVE the Audi A7 Sportback a cursory glance for the very first time and the phrase“abiggerslice of the same sausage” could come to mind. After all, the family look
        549 words
      • Article, Illustration
        Lock icon Another win for Vettel?
        622 20  -  Will the Red Bull Racing ace, currently in unbeatable form, continue his winning streak in Monaco? f1 watch By Samuel Ee samuelee@sph.com.sg AFTER winning his fourth Grand Prix in the first five races of the season in Spain last weekend, the question on everyone’s lips has
        AP  -  622 words
Page thumbnail Page 4 / 5
Page thumbnail Page 6 / 7
Page thumbnail Page 8 / 9
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12/13
  • Page 12/13 Advertisements
    • Advertisement
      Lock icon Page 12/13 Advertisements Column 1
      841 12/13 wine&dine with BTWeekend Triple Three Mandarin Orchard Singapore, Level 5 333 Orchard Road Z6831-6288 Named after the address of the hotel 333 Orchard Road Triple Three showcases a sumptuous international buffet spread with over 128 culinary delights and 10 LIVE cooking stations. In addition to the freshest Sashimi and Sushi,
      841 words
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
Page thumbnail Page 17
Page thumbnail Page 18
Page thumbnail Page 19
Page thumbnail Page 20