The Business Times, 18 June 2011
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2011-06-18
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The Business Times
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Title Section13 2011-06-18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JUNE 18 19, 2011 S$1.00 MICA (P) 139/08/201013 words
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Article33 2011-06-18 1 solid showing RISE in May, against a 2 per cent drop in April, is driven by volatile pharmaceutical exports which surge by an eye-popping 61.8 per cent. 233 words
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Article34 2011-06-18 1 debt dilemma EVEN as European markets gyrate on hopes of a Greece bailout, Alan Greenspan and several economists predict an inevitable default and potential exit from the eurozone. 334 words
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Article26 2011-06-18 1 gaming gauge THE Casino Regulatory Authority will conduct its first comprehensive on-site inspection by year-end, says chairman Richard Magnus. 526 words
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33 2011-06-18 1 derivatives driven ASSETS under management at listed exchange traded funds based on synthetic replication are more than three times that of funds based on physical assets. 1233 words
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Article, Illustration493 2011-06-18 1 Vikram Khanna - Steve Wynn wants to build ‘brainiest, cleverest hotel in Asia’ here By Vikram Khanna vikram@sph.com.sg Singapore HAVING transformed the landscape in Las Vegas and Macau, casino gaming tycoon Steve Wynn has set his sights on Singapore, where he wants to build “the brainiest, cleverest hotelAFP - 493 words
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Article, Illustration758 2011-06-18 1 Shu-Ching Jean Chen - By Shu-Ching Jean Chen btworld@sph.com.sg Hong Kong IT WASN’T so long back that Lily Chiang Lai-lei was seen as a role model for businesswomen in Hong Kong. The youngest daughter of renowned Hong Kong industrialist and philanthropist Chiang Chen had the758 words
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Page 1 Advertisements
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Advertisement23 2011-06-18 1 the business www.businesstimes.com.sg FATHERS’ DAY Gifts to make any Dad smile L8-9 RECREATION A trek in time L10-12 LIVING Designer furniture goes outdoors23 words
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Advertisement8 2011-06-18 1 WEALTH Investment ideas in an inflationary environment 30-318 words
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TOP STORIES
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Article, Illustration683 2011-06-18 2 Chuang Peck Ming - 7.8% surge is higher than the average 4.4% rise forecast by private sector economists By Chuang Peck Ming peckming@sph.com.sg Singapore THE Republic’s non-oil domestic exports were back on the growth path in May, more strongly than expected, after a dip in April. ButSource: IE Singapore - 683 words
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331 2011-06-18 2 Bloomberg Hong Kong THE China Securities Regulatory Commission is aware of the concerns that other regulators have over the financial accounts of some Chinese companies listed overseas and has been in touch with them. “We have been in touch with other foreign regulatorsBloomberg - 331 words
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Article140 2011-06-18 2 H STI 3,005.28 (-14.85) H STI FUTURES 2,998 (-22) H SIMSCI 346.24 (-2.31) H SIMSCI FUTURES 345.80 (-2.30) STOCKS Friday Change KL COMP 1,563.43 +9.19 NIKKEI 225 9,351.40 -59.88 HANG SENG 21,695.26 -257.85 SET 1,018.96 -0.59 JAKARTA 3,722.30 -18.17 MANILA 4,153.11 -19.97 KOSPI 2,031.93 -14.70 SHENZHEN B 689.40 -5.75140 words
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Article, Illustration615 2011-06-18 3 Neil Behrmann - Greenspan and some economists reckon Greece will eventually exit the eurozone By Neil Behrmann bt wo rl d @s p h .co m .sg London EUROPEAN markets gyrated on hopes of a Greece bailout, but Alan Greenspan and several economistsAFP - 615 words
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457 2011-06-18 4 Unemployment in May jumps to highest this year; employers add fewest workers in eight months LATEST US DATA Bloomberg Washington CONFIDENCE among US consumers fell more than forecast in June as households contended with higher prices that are eating into incomes amid slowing job growth.Bloomberg - 457 words
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Article, Illustration784 2011-06-18 4 Reuters Basel, Switzerland WEALTHY collectors at Art Basel, the world’s top fair for modern and contemporary art, had to dig deep into their pockets this week to get hold of high-quality works, amid signs that the market was returning to pre-crisisReuters; REUTERS - 784 words
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Article, Illustration694 2011-06-18 5 Grace Leong - Visit aimed to see if operators are complying with S’pore gaming laws, licensing requirements, among other things By Grace Leong gleong@sph.com.sg Singapore SINGAPORE’S Casino Regulatory Authority (CRA) will conduct its first comprehensive on-site inspection of casinos at Marina Bay Sands (MBS) and Resorts WorldFILE PHOTOS - 694 words
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Article, Illustration310 2011-06-18 6 Tam Yu Ling - Magazine also says it has to deal with rapidly growing population, high income inequality By Tam Yu Ling tamyl@sph.com.sg Singapore SINGAPORE is once again in the list of the world’s top 25 liveable cities, according to Londonbased magazine Monocle. Since 2007, the international lifestyleFILE PHOTO - 310 words
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537 2011-06-18 6 Bloomberg Paris THE International Monetary Fund (IMF) cut its forecast for US growth in 2011 for the second time in two months, warning that further setbacks to a recovery pose growing threats to the world economy, along with potential contagionBloomberg - 537 words
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365 2011-06-18 6 Emilyn Yap - By Emilyn Yap emilyny@sph.com.sg Singapore THE British pound slipped below S$2 yesterday as retail sales in the UK fell in May, fuelling talk that the Bank of England will keep interest rates low in a weak economy. According to Bloomberg data,365 words
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Article, Illustration911 2011-06-18 7 Financial Stability Board meeting in July to finalise its blueprint Reuters Frankfurt THE world’s biggest banks face a capital surcharge of up to 3 per cent in a bid to keep taxpayers off the hook next time a lender gets intoReuters; AFP - 911 words
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Page 2 Advertisements
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Advertisement59 2011-06-18 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show me The Money 33 Househunt 34 Real Estate 35 LIVING Design L2-3 Dining L4-7 Shopping L8-9 Recreation L10-12 Gadgets59 words
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Page 3 Advertisements
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Advertisement284 2011-06-18 3 CSY SINGAPORE MEDICAL SPECIALISTS CENTRE Have you had your Health Screening? Do not hesitate! Early prevention and detection is vital. At Singapore Medical Specialists Centre, we will help you identify which of our specially tailored comprehensive health screening package best suits you! With our "one-day, one-stop" concept, you will be284 words
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Page 4 Advertisements
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Advertisement195 2011-06-18 4 In The Matter of The Companies Act (Chapter 50) And In The Matter of TARKON INVESTMENTS PTE. LTD. (Incorporated In The Republic Of Singapore) Company Registration No. *****9906E (In Creditors Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.195 words
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Advertisement17 2011-06-18 6 SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE DRIVEAND DINE WITH USAT THE NEXT TORQUEAFTERHOURS ONJUNE23,2011! MORE DETAILSAT WWW.TORQUE.COM.SG Joinusonwww.facebook.com/torque.singapore17 words
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THE RAFFLES CONVERSATION
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Article, Illustration2487 2011-06-18 8/9 Vikram Khanna - Casino gaming tycoon Steve Wynn has been dreaming big-picture dreams and turning them into reality for the past 40 years. Now, he is talking about building something special in Singapore. By Vikram Khanna By Vikram Khanna vikram@sph.com.sg ‘MY next main goal in life isto buildahotelinSingapore,” declares2,487 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK June 13-17, 2011
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55 2011-06-18 10 PRIVATE banking in Asia used to be in a sweet spot rich margins coupled with rising assets under management. Now that may be just half-true. While AUM are still rising, profit margins are under pressure and stiff competition suggests that the pressure is55 words
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59 2011-06-18 10 BIOSENSORS International Group is acquiring the remaining 50 per cent of drug-eluting stent maker JW Medical Systems Ltd for $625.4 million from Shandong Weigao Group Medical Polymer Co Ltd. The deal will see Hong Konglisted Weigao emerge as a key shareholder of Biosensors,59 words
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39 2011-06-18 10 SINGAPORE-listed property stocks with significant exposure to the Chinese market fell on Monday as data from China raised concerns thata slowdown in the world’s sec-ond-largest economy could lead to easing demand for homes.39 words
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75 2011-06-18 10 SINGAPORE’S GDP growth could slow to 6.7 per cent this quarter, going by leading indicators of the latest BT-UniSIM Business Climate Survey.Given April’s contraction in manufacturing and exports, survey director Chow Kit Boey thinks that Q2 GDP growth could come in75 words
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58 2011-06-18 10 MUCH-awaited plans to revamp Singapore’s Code of Corporate Governance were announced on Tuesday and, judging by initial reactions, they do not disappoint. The Corporate Governance Council appointed by the Monetary Authority of Singapore in February last year has proposed bold changes to the existing58 words
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58 2011-06-18 10 ALL that glitters ain’t gold but it could be worth even more. Taking advantage of the soaring price of diamonds, a group of investors including investment guru Jim Rogers have set up an exclusive tender house, the Singapore Diamond Exchange, to get ultra-high net58 words
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69 2011-06-18 10 SALES of new private homes (excluding executive condos) fell 13 per cent month-on-month in May as buying interest cooled in the face of policy risk. Developers sold 1,575 new private homes in May, down from 1,805 units in April. Including69 words
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79 2011-06-18 10 No dice The Shoppes can’t be sold till 2017: STB THE Shoppes at Marina Bay Sands integrated resort is not for sale at least not until after March 2017 and only with the Singapore government’s approval, a Singapore Tourism Board official told BT on Wednesday. Earlier this month, Las Vegas79 words
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76 2011-06-18 10 GEORGE Yeo will not be running forthe presidency. “Afterconsidering all factors, I have come to the conclusion that, in this phase of my life, I can better contribute to the Singapore we all love in other ways,” he said. Those who have76 words
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Article73 2011-06-18 10 SAMSONITE proved to be a lightweight in the listings market, joining a string of IPOs that have faltered in recent times due to poor market sentiment. The US luggage maker, named after the mighty Biblical character Samson, slumped on its trading debut in Hong Kong73 words
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Article, Illustration75 2011-06-18 10 THESE past few months have been utterly surreal for her, says Susan Lim. But the damage has been concrete. It can even be measured in dollars and cents. Her practice, once among the most successful private surgical practices here, is now technicallyARTHUR LEE - 75 words
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Article79 2011-06-18 10 US DATA June 21 May existing home sales June 22 May new home sales June 24 GDP revision for Q1 May durable goods orders SINGAPORE DATA June 23 May consumer price index June 24 May index of industrial production EVENTS June 20 LUXEMBOURG: European foreign79 words
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Page 10 Miscellaneous
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Miscellaneous307 2011-06-18 10 CRYPTIC CROSSWORD Across 1 Look at and study working pattern (11) 9 Kept quiet and withdrawn (9) 10 Clean up in the lottery (5) 11 Simulated tears shed by Zulu leader (6) 12 Back one aiming to retain his title (8) 13 Move fast after take-off (6) 15 The case307 words
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Miscellaneous15 2011-06-18 10 SATURDAY with Ludwig ‘No thanks, I’d prefer to watch the lunar eclipse on the Internet15 words
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COMPANIES
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Article, Illustration548 2011-06-18 11 Joyce Hooi - Q1 sees 141 M&As worth US$11.2b in renewable energy sector, against quarterly average of 96 deals worth US$5.5b last year By Joyce Hooi joyceh@sph.com.sg Singapore THE green power trajectory might finally be converging with the green stuff. In the first quarter of the year,548 words
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Article, Illustration363 2011-06-18 11 Tam Yu Ling - By Tam Yu Ling tamyl@sph.com.sg Singapore FRASER and Neave (F&N) officially opened its new $110 million canned milk plant in Thailand yesterday. Located at Rojana Industrial Park in Ayutthaya province, the new plant is set to play an instrumental role in helping F&N363 words
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432 2011-06-18 11 Felda Chay - By Felda Chay feldac@sph.com.sg Singapore GOLD mining firm The Think Environmental Co has laid its hands on two more mining licences in Mali, Africa. Yesterday, the company said that its 70 per cent owned subsidiary, Mornington Offshore, has agreed432 words
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Article, Illustration528 2011-06-18 12 Jamie Lee - Of the 81 Singapore-listed ETFs, 71 are swap-based By Jamie Lee leejamie@sph.com.sg Singapore THE total assets under management (AUM) from Singapore-lis-ted exchange traded funds that are based on synthetic replication are currently more than three times the total assets from those ETFsBLOOMBERG - 528 words
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420 2011-06-18 12 Bloomberg Singapore EMERGING-MARKET equity funds reported a second consecutive week of outflows as concerns over inflation, the global recovery and Greece’s debt crisis mounted, according to Citigroup Inc. Funds investing in develop-ing-nation shares saw withdrawals of about US$829 million during the week ended JuneBloomberg - 420 words
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Article, Illustration601 2011-06-18 13 R Sivanithy - 15-point fall brings ST Index’s loss for the week to 73 points or 2.4% stocks R Sivanithy sivan@sph.com.sg Senior correspondent A“SOFT” patch for the US economy, a “hard” landing for China,anda“lukewarm” outlook for global economic growth. Such are the adjectives being bandied601 words
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239 2011-06-18 13 Maxie Aw Yeong - By Maxie Aw Yeong maxieay@sph.com.sg Singapore MALAYSIA GEMS 2011 will be held today to highlight the strengths of the Malaysian market and the merits of investing in Malaysia public-listed companies. Eight companies some of which are involved in Malaysia’s economic transformation programme will be239 words
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Article111 2011-06-18 13 VOL CLOSE GoldenAgri 90,289 68.5 2.0 3.0 NexGenSCom 44,085 1.5 -0.5 -25.0 GentingSP 38,229 185 -1.0 -0.5 SingTel 34,924 302 -1.0 -0.3 NobleGrp 31,090 189 -4.0 -2.1 Hartawan 24,419 11.5 -2.0 -14.8 Yangzijiang 23,502 142 -7.0 -4.7 Infinio 22,027 0.5 0.0 0.0 HPHTrustUS$ 21,534 81.5 1.2 1.2111 words
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Article109 2011-06-18 13 Stock name Close Change CapMallsAsia 1.410 -0.040 CapitaLand 2.750 -0.070 CapitaMall 1.910 -0.040 CityDev 10.000 -0.200 ComfortDelGro 1.350 -0.040 DBS Grp 14.000 -0.120 F&N 5.450 -0.100 GLP 2.020 Genting SP 1.850 -0.010 Golden Agri 0.685 +0.020 HK Land 7.290 -0.050 JMH 52.660 +1.100 JSH 30.020 -0.080 Jardine C&C109 words
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Article59 2011-06-18 13 BY CENTS CLOSE UP Asia Pac Brew 2980 200.0 7.2 JMH 5266 136.3 2.1 DBXT DBLCI-OY 5US$ 4122 128.9 2.6 Great Eastern 1440 30.0 2.1 Lyxor Malaysia 10US$ 973 19.8 1.7 DBXT S&P Short 10US$ 4405 18.6 0.3 UOB 1878 12.0 0.6 DBXT MSTaiwan 10US$ 1955 11.2 0.559 words
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Article67 2011-06-18 13 BY CENTS CLOSEDOWN DBXT MSKorea 10US$ 5971 -142.5 -1.9 Hyflux 6% CPS 10 ***** -60.0 -0.6 DBXT FTChina25 10US$ 3022 -54.5 -1.4 Lyxor MS India 10US$ 1585 -54.5 -2.7 DBXT Nifty 10US$ ***** -53.3 -0.4 DBS Bk 4.7% NCPS 100 ***** -42.0 -0.4 GLD 10US$ ***** -40.9 -0.267 words
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Business briefing
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61 2011-06-18 13 FORELAND Fabrictech Holdings said its founder and executive chairman Tsoi Kin Chit has entered into agreements with “strategic and sophisticated investors” to sell 30.8 million of his shares in the company at 16 cents per share. The placement price represents a premium of61 words
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57 2011-06-18 13 HENDRA Gunawan, the sec-ond-highest ranking executive at DBS Group’s Indonesian operations, has resigned to join rival Singapore lender United Overseas Bank. His last day at the bank is June 30. A DBS spokeswoman said the search for Mr Hendra’s successor has commenced, adding that corporate57 words
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69 2011-06-18 13 CCM Group is in discussions to finalise the terms of a non-le-gally binding memorandum of understanding (MOU) for a project in China. The company has not arrived at a definitive agreement on the terms of the MOU, it said in response to69 words
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83 2011-06-18 13 FIBRECHEM Technologies yesterday released its financial statements reviewed by PwC. It will now be able to conclude the terms of its debt restructuring with its creditors and terms of investment with a potential investor it has been in talks with. Its unaudited financial statement for83 words
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Article, Illustration920 2011-06-18 14 Market players concerned that a shift to developed status may trigger investor shifts and volatility Reuters London ASIAN powerhouses South Korea and Taiwan may next week be upgraded to the status of developed equity markets, in a huge potential shake-up which could leadReuters; BLOOMBERG - 920 words
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Advertisement25 2011-06-18 12 The NEW TOOM Android app BEST MUSiC| THE MARRED MEN weekdays from 6am Jennifer Lopez On The Floor m DOWNLOAD IT FREE AT RADI09I3.COM NOW!25 words
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Advertisement91 2011-06-18 14 A [< AT3 RECRUIT Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! CapitaLand is recruting a Vice President Senior Manager, Investment Asset Management and an Operations Manager NTUC FairPrice is looking for a Manager (Supermarket Operations Systems) and Store Designers91 words
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FROM THE DESK OF
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Article, Illustration1079 2011-06-18 15 Declan MacFadden - Companies hoping to reach deeper into this fast-growing region to capture its large consumer base need to be clever about what products to target Declan MacFadden President Asia Pacific Symrise Asia Pacific Pte Ltd YOU are what you eat. One would have heard this statement in1,079 words
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SINGAPORE
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Article, Illustration469 2011-06-18 16 Michelle Tan - Prices here grow 10.5% year on year; Asia ranked best-performing continent By Michelle Tan michtyz@sph.com.sg SINGAPORE came in fifth in the latest Knight Frank Global House Price Index, registering a 10.5 per cent growth in house prices year on year. More importantly, withFILE PHOTO - 469 words
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465 2011-06-18 16 Carine Lee - By Carine Lee carinel@sph.com.sg SINGAPOREANS with retirement financial plans have almost twice the amount of retirement assets than those without. This figure is slightly lower than the global average of 245 per cent. Yet, only 58 per cent of the 1,046 local465 words
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338 2011-06-18 16 Jasmine Ng - B y Jasmine Ng jasng@sph.com.sg MINISTER for Foreign Affairs and Law K Shanmugam has appointed seven new members from widely diversified backgrounds and re-appointed two members to the Singapore Land Authority (SLA). He announced yesterday that Lim Sim Seng, Steven Phan,338 words
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Article, Illustration512 2011-06-18 17 Mindy Tan - Of this, $23.1m goes to foreign causes, including aid to victims of natural disasters By Mindy Tan tanmindy@sph.com.sg THERE was a rise in public donations in 2010, with total tax deductible donations to Institutions of a Public Character (IPCs) amounting toFILE PHOTO - 512 words
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665 2011-06-18 17 Grace Leong - By Grace Leong gleong@sph.com.sg THE Singapore campus of the University of Nevada, Las Vegas, has appointed gaming and hospitality industry veteran Jonathan Galaviz as its new managing director and head of campus. Mr Galaviz, whose appointment took effect earlier this week, replaces665 words
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Article, Illustration632 2011-06-18 18 Lee U-Wen - More could have been done to improve the bonds between families and the older and younger generations By Lee U-Wen leeuwen@sph.com.sg IF there was one “blind spot” that Singapore may have suffered in the last three decades when it comes to promotingFILE PHOTO - 632 words
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Article353 2011-06-18 18 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg EMERITUS Senior Minister Goh Chok Tong has been conferred one of Japan’s most prestigious awards for his numerous contributions to strengthening bilateral relations between Singapore and Japan. Mr Goh, who retired from the Cabinet last month, is the second Singaporean353 words
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Advertisement52 2011-06-18 18 Heartbeat Of The Indian Community 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. t a MPs PRIME time m SbjW*" etcC—MB -e 7.VSIS Sfeprs Rtf S3For more details, call 9171 -4327 9693-0266 or52 words
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WORLD
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Article, Illustration517 2011-06-18 19 It would take the US about 30 years of being like Greece to end up where Greece is now, and that isn’t going to happen, he says Bloomberg London THE risk the US could end up in a Greece-type situation ifBloomberg; AFP - 517 words
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413 2011-06-18 19 Reuters Bangalore US regulators could file civil fraud charges against some credit-rating agencies, and settle with more Wall Street banks, for their role in developing mort-gage-bond deals that helped trigger the financial crisis, The Wall Street Journal reported, citing people familiar with the matter.Reuters - 413 words
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Briefing
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Article51 2011-06-18 19 NYT Shanghai THE Alibaba Group, one of the biggest Internet companies in China, said on Thursday that it had decided to split its popular e-commerce site, Taobao.com, into three separate units to promote better growth, dashing investors’ hopes of an imminent public listing of the unit.NYT - 51 words
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59 2011-06-18 19 Reuters New York LEHMAN Brothers Holdings Inc is increasing to US$65 billion its estimated payback for creditors, a company spokeswoman said on Thursday. The figure represents a US$5 billion increase from the US$60 billion Lehman forecast in January, the spokeswoman said. Lehman hopes to beginReuters - 59 words
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45 2011-06-18 19 Bloomberg San Francisco ORACLE Corp is seeking billions of dollars in damages in a patent- and copyright-infringement lawsuit against Google Inc, claiming the search-engine company’s Android software uses technology related to the Java programming language, according to court papers. BloombergBloomberg - 45 words
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63 2011-06-18 19 Bloomberg Geneva WEALTHY emerging-market clients are flocking to Switzerland as a haven from instability, filling a gap as Americans and Europeans flee a crackdown on tax evasion. Customers from developing economies deposited a record 52 per cent of the 1.96 trillion francs (S$2.86 trillion)Bloomberg - 63 words
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491 2011-06-18 20 Environmental group says plantation firm burned carbon-rich peatlands on Borneo island Reuters Jakarta INDONESIA’S freshly inked two-year forest moratorium was breached on its first day as a plantation company burned car-bon-rich peatlands on Borneo island, an investigation by an environmental group said. Indonesia revealed a longReuters - 491 words
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Article, Illustration468 2011-06-18 20 AFP Hong Kong ITALIAN luxury goods maker Prada has raised a lower-than-expected US$2.14 billion in its Hong Kong share sale as turbulent global markets and a tax hurdle dampened investors’ enthusiasm. The family-owned brand sold 423.2 million shares at HK$39.50 apiece after earlierAFP; BLOOMBERG - 468 words
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Article, Illustration652 2011-06-18 21 Overall car sales dipped 0.1% in May from a year earlier, the first decline in more than two years Reuters Shanghai THE sharp slowdown in China’s car market, the world’s biggest, is temporary and recovery will start in the next 6 to 12 months,Reuters; AP - 652 words
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263 2011-06-18 21 Reuters Kuala Lumpur MALAYSIA’SMuhibbahEngineering, which is building a longdelayed RM1.4 billion (S$570 million) petroleum hub in southern Johor state, said yesterday a new investor has agreed to finance the project. The Business Times reported this week that project financier CIMB had put the privatelyReuters - 263 words
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307 2011-06-18 21 AFP Paris FOOD prices will be high and volatile for the next decade, driven by rising incomes in emerging nations and demand for biofuel, a joint OECD and FAO report forecast yesterday. Although prices will probably fall from high levels reached earlier thisAFP - 307 words
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Article, Illustration514 2011-06-18 22 Move comes as risks to global growth threaten to undermine consumer demand Bloomberg Mumbai INDIA’S central bank signalled that it may slow the most aggressive monetary tightening among Asia’s major economies as risks to global growth threaten to undermine consumer demand. “While theBloomberg; REUTERS - 514 words
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518 2011-06-18 22 Reuters Sydney THE New Zealand government has unveiled details of its new anti-cartel regime, including plans to jail offenders for up to seven years for breaches of the proposed competition legislation. Lawyers in Auckland said the proposed laws would significantly ramp up theReuters - 518 words
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Advertisement42 2011-06-18 20 www.omy.sg O Year m Chon Dragon Vang Earth I 1*. Wu Gui ju sr^ 3* B Month iw Yi Yin Wood e Si Snako Yin F,ro r* B,os <£» M RW JT M3& blog.omy.sg/fs j^ggsgjg *8 »'i> /J\ X blog.omy.sg/danielang Daniel's Food Diary42 words
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Advertisement8 2011-06-18 22 To subscribe, call 6388-3838 or go to sphsubscription.com.sg8 words
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SGX
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Article10148 2011-06-18 26 Transaction date: Jun 17 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 $mil 21 15 8Telecom 15.5 15 16.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 7 8 1.7 2.8 53.7 62 4310,148 words
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Article186 2011-06-18 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 11 4 0 0 0 0 11 4 Manufacturing 26 85 61 2 5 9 28 90 70 Commerce 12 30 23 1 5 4 13 35 27 Tpt/Stor/Comms 7 24 11186 words
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Article823 2011-06-18 26 For week beginning Jun 13 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Midas Hldgs Ltd 16-Jun-11 Chew Hwa Kwang P Buy 500 0.62 *****1 9.92 *****1 9.95 HLN Tech823 words
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Article119 2011-06-18 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,128 27,128 79,831 79,831 Manufacturing 214,050 10,326 224,376 270,304 431 270,735 Commerce 111,493 12,762 124,255 167,830 829 168,658 Tpt/Stor/Comms 120,330 25,954 146,284 219,957 3,171 223,128 Finance 25,760 25,760 209,826 209,826 Construction 24,705 3,168 27,873 6,303119 words
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MARKETS
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Article118 2011-06-18 27 Jun 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.352 1.276 Can dollar 1.286 1.237 Euro 1.795 1.726 Sterling pound 2.041 1.963 NZ dollar 1.027 0.979 US dollar 1.258 1.21 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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374 2011-06-18 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 16 Index Change Change Change Change Change Change World Index Preliminary 880.0 -0.2 -2.0 0.1 -3.4 -0.6 -0.3 ‡EAFE Preliminary 760.1 -0.9 -5.1 -1.0 -4.6 -1.6 -1.6 Europe Preliminary 1131.4 -0.6374 words
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Article154 2011-06-18 27 Jun 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3043 1.3052 1.0524 1.0527 Canadian dollar 1.2576 1.2589 1.0147 1.0153 Euro 1.7533 1.7541 1.4146 1.4147 NZ dollar 0.9944 0.9953 0.8023 0.8027 Sterling pound 1.9967 1.9977 1.6110 1.6112154 words
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Article, Illustration96 2011-06-18 27 YTD change: -5.79% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,770.12 on June 30,2010 Source: Bloomberg YTD change: -5.82% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 19,777.80 on July 6,2010 Source: Bloomberg Source: Bloomberg YTD change: +3.32% 52-week high: 12,876.00 on May 2, 2011 52-week low:Source: Bloomberg - 96 words
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Article82 2011-06-18 27 Jun 16 COCOA (£/tonne) Close Prev High/Low Jul 11 1800 1837 1831/1793 Sep 11 1811 1845 1833/1805 Dec 11 1838 1872 1857/1832 Mar 12 1861 1894 1880/1859 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2380 2387 2400/2365 Sep 11 2422 2432 2444/2406 Nov 11 2450 2461 2471/2437 Jan 1282 words
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Article93 2011-06-18 27 Jun 16 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 11 1350.*****8.*****3.*****8.00 Aug 11 1350.*****4.*****9.*****6.00 Sep 11 1348.*****2.*****7.*****3.25 Nov 11 1350.*****6.*****1.*****5.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 11 56.32 57.05 57.12 56.09 Aug 11 56.56 57.26 57.33 56.34 Sep 11 56.84 57.51 57.5393 words
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Article66 2011-06-18 27 Jun 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3227 3225 3235 3195 573 6830 Jul 11 3208 3205 3226 3178 5209 ***** Aug 11 3207 3198 3214 3163 ***** ***** Sep 11 3209 319566 words
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Article75 2011-06-18 27 Jun 16 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 113.99 -3.93 WTI (Near Mth) 94.71 -0.56 Dubai (1-Mth F) 107.40 -3.28 Tapis blend 121.07 -3.71 Minas 117.17 -3.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.22 -1.92 Jet Kerosene 128.25 -3.85 US$/barrel Opec Oil Basket Price75 words
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Article67 2011-06-18 27 Jun 17 GOLD (US$/oz) Jun 17 Jun 16 Hong Kong 1531.*****7.30 Jun 16 Jun 15 London 1527.*****0.70 1528.*****1.45 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 44.45 44.05 Source: UOB PLATINUM Lon (US$/oz) Jun 16 Close Previous PM Fix 1754.*****4.00 AM Fix 1767.*****9.00 Source: Thomson Reuters PLATINUM NYMEX67 words
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Article71 2011-06-18 27 Jun 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2528.00 2561.00 3 months 2557.00 2591.00 Copper, Grade A (US$/tonne) Cash 9056.75 9142.75 3 months 9065.00 9154.00 Lead (US$/tonne) Cash 2465.00 2502.50 3 months 2481.00 2518.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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PERSPECTIVE
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Article, Illustration1253 2011-06-18 28 Anthony Rowley - In the coming months, it seems likely that the contrast between Japanese and US views on how to counter the impact of recession will come into focus Anthony Rowley Tokyo correspondent ON A crisp and sunny morning last autumn, a couple of hundred bankers andAP - 1,253 words
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Article, Illustration802 2011-06-18 28 Lim Wei Shi - By Lim Wei Shi ~The writer is an associate professor with the Department of Marketing, NUS Business School. She specialises in game-theoretic modelling, and pricing. This commentary is based on research which was published in Marketing Science HAVE you ever been denied boarding a flight that802 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1011 2011-06-18 30/31 Genevieve Cua - Record low interest rates make cash a frustrating option, delivering negative real returns after inflation. Not surprisingly, product providers are bringing to market inflation-themed options, such as structured deposits and funds. By Genevieve Cua gen@sph.com.sg INFLATION has been shaping up as a major concern among investors sinceSTOCK.XCHNG - 1,011 words
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BROKERS' TAKE
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Article382 2011-06-18 30/31 BUY OCBC Investment Research June 17 Close: $2.51 Changi Airport Group (CAG) recently announced that it awarded a third ground handling licence (for 10 years) at Singapore Changi Airport to US-based Aircraft Service International Group (ASIG). ASIG will now compete with SATS Ltd and Changi International Airport Services (CIAS)382 words
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Article388 2011-06-18 30/31 Lynette Khoo - Compiled by Lynette Khoo BUY DMG Partners Securities June 17 Close: $0.655 Third major contract YTD; re-iterate BUY: Newsflow on new job wins remained strong as Ezion bagged its third major contract of the year. Ezion’s 50:50 Joint Venture (JV) with Treatmil Holdings, an European offshore service company,388 words
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Article, Illustration1259 2011-06-18 32 Katherine Burton, Sree Bhaktavatsalam - They charge high fees and promise good returns but don’t always deliver. By By Katherine Burton Sree Bhaktavatsalam Bloomberg ALTEGRIS Managed Futures Strategy Fund, a mutual fund that allows less affluent clients to invest with some of the best-known hedge-fund commodities traders, has attractedBloomberg; BLOOMBERG - 1,259 words
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Article, Illustration876 2011-06-18 33 Teh Hooi Ling - Some factors deemed critical to a stock’s performance may prove otherwise. Often, critical factors are found in the market’s current expectations show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder IATTENDED a workshop called “Improve Stock876 words
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WEALTH REAL ESTATE
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1115 2011-06-18 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 13 NON-LANDED Bella Vista Apt 19/05/2011 FH 797 768 964 Euro-Asia Park Apt 23/05/2011 FH 2077 16701,115 words
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Article, Illustration1620 2011-06-18 35 Across the continent, higher interest rates and government efforts to curb the market are taking effect Bloomberg Singapore FROMMumbaitoMel-bourne,Asia’sproper-ty boom is stalling as theworld’shighestinterest rates and government efforts to curb prices take hold. In China’s biggest cities,growthslowedinAprilafterthe government stepped up property measures. InIndiaBloomberg - 1,620 words
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Page 36 Advertisements
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Advertisement26 2011-06-18 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax26 words
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Page 1 Advertisements
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Advertisement53 2011-06-18 1 LivingTHEBUSINESSTIMESWEEKEND|JUNE18-*****1BTTHE BUSINESS TIMES WEEKEND JUNE 18-19 2011 DINING Ambient cuisine L4-7 INSIDE OUT Designer furniture goes outdoors RECREATION A trek in time L10-12 CASSINA'S TOKYO CHAISE-LONGUE BY CHARLOTTE PERRIAND WELLNESS Spa treatments for men L14-15 SHOPPING Gifts for Father's Day L8-9 GOLF Teeing off indoors L17 MOTORING XKR-S: The fastest53 words
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BT Living
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DESIGN
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Article, Illustration990 2011-06-18 2 / 3 Lim Sio Hui - The biggest direction in furniture this year points out the door. By Lim Sio Hui btnews@sph.com.sg THE boundaries between inside and outside are blurring, thanks to a new generation of outdoor furniture making its debutonMilan’sdesign stage. What was once a domain for plastic seats of the garden variety990 words
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DINING
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Article12 2011-06-18 4 / 5 BT Weekend visits three food outlets with an out-of-Singapore vibe12 words
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Article, Illustration723 2011-06-18 4 / 5 Audrey Phoon - By Audrey Phoon aphoon@sph.com.sg Punggol Park Hougang Ave 8 Z6858-2087 [to open sometime next week] WILLIN Low is a bit of a modern-day Midas, in that everything he touches seems to turn, well, if not into gold, then something perhaps even more familiar: Singaporean. To see that, youPHOTOS BY YEN MENG JIIN - 723 words
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Article, Illustration711 2011-06-18 4 / 5 Jaime Ee - By Jaime Ee jaime@sph.com.sg 30 Penhas Road (off Lavender Street) Z6293-3121 THE next time you feel like going to France, get into your car instead. Head up to Balestier and on to Lavender Street, take a right into King George’s Avenue (nothing like a quick detour through its EnglishPHOTOS BY YEN MENG JIIN - 711 words
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Article, Illustration779 2011-06-18 6 / 7 Geoffrey Eu - NUSS Bukit Timah Guild House 1F Cluny Road Z6586-3260 By Geoffrey Eu btnews@sph.com.sg THE leafy confines of Bukit Timah, the casual comfort of a colonial-era setting and the prospect of a quality meal at friendly prices make The Dunearn Restaurant an appealing option for diners in searchYEN MENG JIIN; PHOTOS: NUSS - 779 words
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SHOPPING
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Article, Illustration1313 2011-06-18 8 / 9 Melissa Lwee-Ramsay - It is difficult enough trying to shop for men and even enough trying shop more so when you’re trying to choose something really special to show Dad how much you care. Melissa Lwee-Ramsay picks out a few uber-coveted gift ideas which are almost guaranteed to make any father1,313 words
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RECREATION
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Article63 2011-06-18 10 / 11 Walking tours, a mainstay of most European city itineraries, have not been as prevalent here. But now, with the launch of 20 walking tours by The Preservation Of Monuments Board, it looks like such tours will finally go mainstream. BT Weekend reviews two PMB tours launched63 words
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Article, Illustration538 2011-06-18 10 / 11 Cheah Ui-Hoon - By Cheah Ui-Hoon Green Corridor Walks Along the railway track from Bukit Timah to Old Holland Road www.greencorridor.org IF you wanted to do a last-chance-to-do-it kind of walk, you’ve only this weekend (but hopefully more later) to join the Save the Green Corridor folks on their538 words
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Article, Illustration595 2011-06-18 10 / 11 Cheah Ui-Hoon - By Cheah Ui-Hoon uihoon@sph.com.sg 90mins June 11: Monuments: St Andrew's Cathedral, Cathedral of the Good Shepherd, Church of St Peter and St Paul, Maghain Aboth Synagogue www.pmb.sg THEY occasionally rattled off information and historical facts like a train going full throttle,demonstratingtheiryouthfulmental abilities for rote595 words
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Article, Illustration701 2011-06-18 10 / 11 Tan Teck Heng - By Tan Teck Heng From Schoolyards to Landmarks 90mins Monuments: Singapore Arts Museum, Church of St Peter and St Paul, Peranakan Museum, Chijmes www.pmb.sg HISTORY buffs may know that the Singapore Arts Museum (SAM), the Peranakan Museum and Chijmes701 words
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Article, Illustration770 2011-06-18 12 Tan Teck Heng - By Tan Teck Heng thtan@sph.com.sg Betel Box Backpackers Hostel Tours 5 hours (Customisable) 200 Joo Chiat Road Z6247-7340 http://www.betelbox.com/ Joo Chiat/Katong Food Walk 45Route: Joo Chiat Complex, Joo Chiat Place, Haig Road Estate, Dunman Road, Koon Seng Road, East Coast Road (Total distance: about 5km) 45Restaurants:770 words
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Article, Illustration810 2011-06-18 12 Natalie Koh - By Natalie Koh natksl@sph.com.sg Trishaw Uncle Pte Ltd 30mins/45mins Bugis Little India/Bugis, Little India Clarke Quay www.trishawuncle.com.sg TRISHAWS were a common sight on the streets of Singapore six decades ago, being a popular mode of transport for rich and poor over short distances. Sadly,810 words
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GADGETS
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Article, Illustration783 2011-06-18 13 Christopher Lim - Steinway Lyngdorf’s new entry-level Model S redefines bookshelf speaker hi-fi systems. By Christopher Lim limchris@sph.com.sg CHEAPNESS is a relative term, as is entry-level status, so even though Steinway Lyngdorf’s new introductory Model S sound system is the baby of the company’s line-up, it still783 words
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WELLNESS
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Article55 2011-06-18 14/15 Sometimes, nothing quite beats the offer of a relaxing afternoon as a gift. But when it comes to spa treatments, the options for men are, unfortunately, slightly more limited. Which is why BT Weekend goes hunting for some of the more male-centric spa treatments around that you55 words
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Article, Illustration421 2011-06-18 14/15 Dylan Tan - By Dylan Tan dylantan@sph.com.sg 102 Guillemard Road, #02-02 Guillemard Village Z6280 8988 Massages (which include complimentary use of facilities and food) start from $98 Mon-Sat 11am-2am, Sun 11am-11pm TO call a four-hand massage just a massage is a bit of an understatement. Which is why g.spa has combined that421 words
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Article, Illustration409 2011-06-18 14/15 Melissa Lwee-Ramsay - By Melissa Lwee-Ramsay mellwee@sph.com.sg #01-03/04, 15 Scotts Road Z6732 1318 Gentlemen’s Facial and Yogi Massage $230 and $170 respectively Mon-Sun 10am-8pm GIVEN the plethora of facial outlets in Singapore, one would think that it would be a cinch finding something for the boys but it is surprisingly difficult.409 words
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Article, Illustration562 2011-06-18 14/15 Christopher Lim - By Christopher Lim limchris@sph.com.sg The Porcelain Hotel, 48 Mosque St Z6536 1661 www.huangahma.com 11am-9pm daily THERE’S something counter-intuitive about a spa that isn’t easy to get to, and that’s certainly the case with Huang Ah Ma, The Oriental Spa Chamber. This is particularly562 words
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SPORT
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Article, Illustration669 2011-06-18 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor WATCH out, Li Na. The most dominant pair of American sisters in history are back on the women’s tennis tour and they are gunning for all the major trophies on offer to make up for lost time.AFP - 669 words
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730 2011-06-18 16 christy simson - tee off with christy simson LATER tonight, if you have the stomach for it, you can watch the best golfers in the world fighting for their lives on yet another mind-boggling US Open, this time at the Congressional Country Club in730 words
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GOLF
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Article, Illustration1419 2011-06-18 17 Justine Moss - Not everyone is a fan of golf simulators, but they can be a great training tool for learning at all levels. By Justine Moss btnews@sph.com.sg WHEN Singapore’s first indoor golf facility opened in 2007 in Club Street, it heralded the start of a relatively new concept, withWARREN WEE - 1,419 words
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MOTORING
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Article, Illustration646 2011-06-18 18 Samuel Ee - The XKR-S is the fastest Jaguar yet with a top speed of 300kmh. By Samuel Ee samuelee@sph.com.sg THE fastest Jaguar ever looks angry. With gaping mouth and flared nostrils, this XK coupé seems to snarl where once it stared impassively. This new and more menacing image suits the646 words
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Article, Illustration580 2011-06-18 19 Samuel Ee - The XKR-S smoulders with aggression with its wild air slots and big rear wing. By Samuel Ee By Samuel Ee samuelee@sph.com.sg JAGUAR calls the new XKR-S a performance luxury grand tourer and to emphasise that point, it unleashed the high-powered coupé at the Autódromo Internacional do Algarve in580 words
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Article, Illustration612 2011-06-18 20 Samuel Ee - The 508’s styling is more mainstream than the two models it succeeds. By Samuel Ee samuelee@sph.com.sg DEPENDINGonwhomyouask,Peu-geot’s use of the same 1.6-litre powerplant in up to six separate models here is either brilliant or boring. Whatever the answer though, it is difficult to deny that this turbocharged unit612 words
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Page 6 / 7 Advertisements
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Advertisement804 2011-06-18 6 / 7 wine&dine with BTWeekend Chatterbox Mandarin Orchard Singapore, Level 5 333 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 a804 words
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Advertisement106 2011-06-18 6 / 7 X TR ANSTH ER M* State-of-the-Art Wine Cabinets Prestige Elegance Series Manoir Villa Elegance Series Bastide Elegance Series sowine Purchase a Transtherm wine cabinet today and get a FREE SoWine Home Wine Bar worth $779.* *Applicable on Manoir, Villa and Bastide only. Log on to www.apslifestyle.com for terms and conditions.106 words
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Advertisement29 2011-06-18 8 / 9 MATS CLASSIFIED A gateway to beautify your home. WAT^ To find out more, turn to CLASS 108 in BUY IT'SELL IT'FIND IT CATS Classified in The Straits Times now.29 words
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