The Business Times, 25 June 2011

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Microfilm: NL31534
Total Pages: 47
1 20 The Business Times
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      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 Show Me The Money 31 Smart Money 32-33 Real Estate 34-35 LIVING Dining L2-5 Wellness L6-7 Home Garden L8-9 Travel
      61 words
  • TOP STORIES
    • Article, Illustration
      Lock icon AirAsia shares gain on Airbus deal
      655 2  -  With the US$18b purchase, the budget carrier is currently Airbus’s largest airline customer By S Jayasankaran btworld@sph.com.sg Singapore SHARES of AirAsia rose almost 3 per cent to RM3.25 apiece yesterday on news that Asia’s largest budget carrier had inked a US$18 billion deal with
      AFP  -  655 words
    • Article
      Lock icon MARKETS
      140 2 G STI 3,066.85 (+22.13) G STI FUTURES 3,067 (+22) G SIMSCI 354.67 (+3.03) G SIMSCI FUTURES 354.40 (+3.20) STOCKS Friday Change KL COMP 1,564.66 +1.47 NIKKEI 225 9,678.71 +81.97 HANG SENG 22,171.95 +412.81 SET 1,022.94 +8.81 JAKARTA 3,848.56 +24.91 MANILA 4,291.44 +50.30 KOSPI 2,090.81 +34.95 SHENZHEN B 716.67 +12.24
      140 words
    • Article
      Lock icon Draghi wins ECB post as France keeps seat on board
      241 2 Bloomberg AFP Brussels ITALY’S Mario Draghi dodged last-minute French objections to win the European Central Bank (ECB) presidency yesterday in a dispute that threatened to overshadow efforts to prevent a Greek default. National rivalries flared as French President Nicolas Sarkozy
      Bloomberg; AFP  -  241 words
    • Article, Illustration
      Lock icon Look at shoe-box units with caution: Khaw
      598 4  -  Blog entry comes amid suggestions that the government should step in to impose a minimum size for private homes By Uma Shankari shankari@sph.com.sg Singapore THE Ministry of National Development(MND)is “closelywatching” the development of smallsized, or “shoe-box”, apartments in Singapore. Writing in his blog,
      FILE PHOTO  -  598 words
    • Article
      Lock icon S’pore unveils charities accounting standard
      708 5  -  It makes financial reporting for them simpler and more relevant, but adoption isn’t compulsory By Michelle Quah michquah@sph.com.sg Singapore A SET of accounting standards, specially tailored to the needs of the charity sector, was released yesterday by Singapore’s Accounting Standards Council (ASC), following a public
      708 words
    • Article
      Lock icon S’pore industrial output in May down 17.5%
      460 6  -  Pharmaceuticals’ volatility the main culprit; electronics sector continues to show weakness By Teh Shi Ning tshining@sph.com.sg Singapore THE Republic’s manufacturing output shrank a sharp 17.5 per cent year-on-year in May, close to double the contraction economists had forecast. Whilepharmaceuticals’volatility was the main culprit,
      460 words
    • Article, Illustration
      Lock icon Back-to-back sweetened offers fail to entice TMX shareholders
      560 6 Reuters London A BRACE of sweetened offers has failed to sway shareholders in the race to buy the operator of Canada’s biggest stock exchange, and time is running out ahead of a June 30 shareholder vote. Shareholders said that the London Stock
      Reuters; REUTERS  -  560 words
    • Article
      Lock icon US economic growth rises 1.9% in first quarter
      419 6 latest us data Reuters Washington US economic growth was revised modestly higher in the first quarter to account for a slightly faster pace of restocking by businesses and a smaller increase in imports, government data showed yesterday, but remained anaemic. Gross domestic
      Reuters  -  419 words
    • Article, Illustration
      Lock icon Maoist nostalgia paints the town red
      987 7  -  Beginning with Chongqing, China is seeing a revival of Maoist values and revolutionary culture By Virginie Mangin bt wo rl d @s p h .co m .sg Chongqing EVERY morning for several months now, elderly people in Beijing’s Jingshan Park have been singing revolutionary
      REUTERS  -  987 words
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      Lock icon Page 3 Advertisements Column 1
      120 3 A global winner Product of a winning partnership and excellent project management, GLOBAL 1201 is the second new generation derrick pipelay vessel built by Keppel Singmarine for Global Industries. Delivered on schedule, within budget and safely, this dynamically-positioned S-lay vessel is equipped with state-of-the-art pipelay system and can be swiftly
      120 words
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  • Article
    Lock icon Timeline
    233 5 Oct 2001: Pengiran Anak Hajah Damit, younger sister of the Queen of Brunei, comes to see Dr Susan Lim with advanced-stage cancer. May 2004: The Queen of Brunei asks Dr Lim to take a look at her sister as she cannot walk. Subsequently, Pengiran agrees to come to Singapore
    233 words
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      192 7 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF AVENBURY PROPERTIES LIMITED (IN MEMBERS’VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****2691Z) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuant to Section 308 of the Companies Act, Cap 50, that a Final Meeting of the Members of
      192 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Charitable instincts
      2029 8/9  -  Carlyle co-founder David Rubenstein is in a race against time to give away more of his money. But that is proving to be more difficult than actually making money. By Genevieve Cua money.By Genevieve Cua gen@sph.com.sg DAVID Rubenstein is one of the wealthiest people on the planet, ranked
      YEN MENG JIIN  -  2,029 words
    • Article
      Lock icon ‘A pretty good way to make money’
      784 8/9 RETURNS from private equity are unlikely to be as heady as they were in the 1990s, against today’s backdrop of muted economic growth and restraints on leverage. But PE returns will still beat anything you can legally do with your money, declares David
      784 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK June 20-24, 2011
      • Article
        Lock icon Poll voting at meetings gets a welcome boost
        45 10 VOTING by poll where every share counts for one vote at company shareholder meetings could get a much-needed boost here, now that the Corporate Governance Council has proposed that all Singapore-listed companies ought to adopt the practice.
        45 words
      • Article
        Lock icon Bursa plans bigger range of derivatives
        44 10 THE Malaysian stock exchange is looking to expand its range of derivative offerings, which have seen an increase of as much as 50 per cent in the average volumes traded since its tie-up with the Chicago Mercantile Exchange.
        44 words
      • Article
        Lock icon Investment sales of property dipped in Q2
        45 10 INVESTMENT sales of property have dipped so far this quarter compared with the first three months of this year due to slower transactions involving private-sec-tor sellers, although this has been mitigated by an increase in Government Land Sales.
        45 words
      • Article
        Lock icon HK bond issuers lack avenues to deploy yuan funds: banker
        43 10 THE lack of avenues to repatriate funds into China is preventing the “dim sum” bonds market in Hong Kong from growing faster, says a senior officer from Hong Kong’s Bank of East Asia.
        43 words
      • Article
        Lock icon A call to action on the Companies Act
        44 10 THE Companies Act, seen as a “patchwork quilt” in its current form, was put up for public consultation on Monday with 217 fresh recommendations after a meticu- lous unpicking of its stitches by the steering committee.
        44 words
      • Article
        Lock icon Demand soars for space at S’pore Airshow 2012
        43 10 SOME 85 per cent of the exhibition space at the Singapore Airshow 2012 is already filled and this should surpass the 90 per cent mark by the end of this week, according to Experia Events.
        43 words
      • Article
        Lock icon S'pore poised to rule wealth management
        28 10 SINGAPORE is expected to leap to the top spot as the world’s largest wealth management centre by 2013, surpassing Switzerland and London.
        28 words
      • Article
        Lock icon Esplanade has a new star – its parking lots
        53 10 Esplanade has a new star its parking lots THE glitzy Esplanade is attracting more visitors these days but for reasons less arty and more ordinary–parkinglots.Two officelandlords have approached Esplanade for hundreds of parking lots out of a total of 835 lots there as workers in Raffles Place scour the area
        53 words
      • Article
        Lock icon Snag in oil production may hit M’sian GDP
        37 10 MALAYSIA could have easily lost more than RM1.4 billion (S$569 million) in its first quarter because of decreased oil production at its first deepwater field off Sabah’s coastal waters.
        37 words
      • Article
        Lock icon China SMEs in search of funds turn to grey market
        41 10 The People’s Bank of China’s benchmark one-year lending rate is currently 6.31 per cent. But SMEs are turning to the 320-odd credit companies in Wenzhou as well as hundreds of pawnshops.
        41 words
      • Article, Illustration
        Lock icon Tony Tan sets his sights on the elected presidency
        69 10 FORMER deputy prime minister Tony Tan is set to turn the coming presidential election into at least a three-cornered fight. And Dr Tan, 71, is already seen as the favourite in the battle. DR TONY TAN The former deputy prime minister
        THE STRAITS TIMES  -  69 words
      • Article
        Lock icon Asia-Pac overtakes Europe in millionaire numbers
        51 10 ASIA-PACIFIC’S millionaires are now no longer just wealthier than their European counterparts they are also greater in number. Posting the world’s sharpest regional millionaire growth rate of 9.7 per cent to 3.3 million, Asia-Pa-cific’s high net worth individuals now have a total of US$10.8
        51 words
      • Article
        Lock icon Standard bank fact sheet for home loans proposed
        40 10 BANKS marketing home loans to consumers will have to provide them with a fact sheet warning how their loan repayments could rise if interest rates go up, under proposals by the MAS.
        40 words
      • Article
        Lock icon Recovery slow, no extension to QE2, says Fed
        55 10 THE Federal Reserve on Wednesday said the pace of US economic recovery was proceeding more slowly than it had expected. It added it was ending its Treasury purchase programme at the end of the month as planned but will continue to reinvest
        55 words
      • Article
        Lock icon ECB chief Trichet raises the red flag
        35 10 EUROPEAN Central Bank president Jean-Claude Trichet said the risk signals for financial stability in the euro area are flashing “red”, with the debt crisis threatening to infect banks.
        35 words
    • Article
      Lock icon NEXT WEEK June 27-July 1
      72 10 USDATA June 27 May personal income/spending June 28 June consumer confidence June 29 April pending home sales July 1 June ISM Index May construction spending SINGAPORE DATA June 29 May producer and international trade price indices June 30 Q1 external debt EVENTS June 27 Chinese
      72 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      291 10 CRYPTIC CROSSWORD Across 1 Company employee providing discipline (4,4) 6 Crooked female of nursery rhyme (2-4) 9 Rouse the prison to be ready for action (4,2) 10 Entitled to directions before turning blonde (8) 11 A blow from behind (4,4) 12 April’s turned out to be spring-like (6) 13 Take
      291 words
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      14 10 SATURDAY with Ludwig ‘WE LOVE THE CONVENIENCE, BUT THE NOISE IS DRIVING US CRAZY
      14 words
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  • COMPANIES
    • Article
      Lock icon Yangzijiang and NOL shares soar
      389 11  -  Stocks ride on news of containership orders, turnaround hopes for freight rates By Lynn Kan lynnkan@sph.com.sg SHARES of shipbuilders and container lines were buoyed yesterday by news of more containership orders and expectations that freight rates are turning the corner. China-based Yangzijiang Shipbuilding Holdings saw
      389 words
    • Article, Illustration
      Lock icon Popular's Q4 net earnings down 74% at $2.2m
      550 11  -  Its ‘other’ income plunges on smaller impairment writeback By Victoria Ho vhoip@sph.com.sg POPULAR Holdings’ net earnings fell a sharp 74.1 per cent to $2.2 million for its February-April 2011 fourth quarter despite a 10.2 per cent rise in turnover to $111.16 million
      FILE PHOTO  -  550 words
    • Article
      Lock icon Analysts hail GLP partnership with Vancl
      538 11  -  By Felda Chay feldac@sph.com.sg THE move by China’s largest online apparel retailer Vancl to turn Global Logistic Properties (GLP) into a “preferred partner” appears to have had a positive impact on GLP’s share price. Yesterday, GLP’s stock closed two cents, or one per cent,
      538 words
    • Article
      Lock icon Fund managers cautious: OCBC poll
      489 12  -  Eurozone debt woes cited as most worrying factor, besides inflation and rising oil prices By Michelle Tan michtyz@sph.com.sg EUROZONE uncertainty and worries about further monetary tightening have swung fund managers’ sentiment from one of optimism to pessimism. Of the 19 fund managers polled by OCBC
      489 words
    • Article
      Lock icon Japanese retail investors focus on foreign, property-linked funds
      701 12 Reit, high-yield and currency-select funds draw strong interest Reuters Tokyo THE aftermath of Japan’s earthquake and tsunami has seen a rare flow of money into mutual funds based on domestic equities as a bargain-hunt-ing mood took hold, but retail investors are more
      Reuters  -  701 words
    • Article, Illustration
      Lock icon Poor market liquidity but some support for STI
      570 13  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent IN our Monday column we raised the possibility that Wall Street would buy in anticipation of Wednesday’sFederal Open Market Committee meeting and sell after it was concluded. This turned out to be a fairly accurate guess,
      570 words
    • Business briefing
      • Article
        Lock icon Lee Kim Tah associate forms joint venture in India
        72 13 LEEKimTahHoldings’associateL&WConstruction Private Limited has formed a joint venture in India to undertake construction projects and related construction management and consultancy services there. The joint venture company is known as L&W Builders Private Ltd, with L&W Construction owning 70 per cent and
        72 words
      • Article
        Lock icon China Sky unit plans to pay 84m yuan for Qingdao site
        95 13 CHINA Sky announced that its subsidiary, Qingdao Zhongda Chemical Fibre Company, plans to pay 84 million yuan (S$16.1 million) for a new piece of land in Qingdao. As the lease for its current plant site has expired, Qingdao Zhongda
        95 words
      • Article
        Lock icon Chip Eng Seng names new executive director
        42 13 CHIP Eng Seng Corporation Ltd said yesterday that its independent director, Hoon Tai Meng, will be re-designated as executive director with effect from next month. Mr Hoon is currently a partner in legal firm KhattarWong.
        42 words
      • Article
        Lock icon Olam holds more than 85% of NZ Farming shares
        97 13 OLAM International said that it now holds more than 85 per cent of the shares in NZ Farming Systems Uruguay Ltd. More than 44 per cent of NZ Farming shareholders (by number) have accepted Olam’s offer of 70 New Zealand cents
        97 words
    • Article
      Lock icon TOP 20 ACTIVES
      112 13 VOL CLOSE Artivision 144,124 22.5 -0.5 -2.2 GentingSP 48,574 192 3.0 1.6 GoldenAgri 39,640 68 0.5 0.7 Dyna-Mac 33,064 56 2.5 4.7 Yangzijiang 28,143 146 7.0 5.0 SingTel 26,110 312 2.0 0.6 Gallant 22,985 40.5 1.0 2.5 HPHTrust US$ 21,364 79.5 0.6 0.6 CoscoCorp 20,123 194 7.0
      112 words
    • Article
      Lock icon STI STOCKS
      108 13 Stock name Close Change CapMallsAsia 1.460 +0.040 CapitaLand 2.920 +0.100 CapitaMall 1.900 CityDev 10.600 +0.280 ComfortDelGro 1.420 +0.020 DBS Grp 14.400 +0.040 F&N 5.690 +0.070 GLP 1.970 +0.020 Genting SP 1.920 +0.030 Golden Agri 0.680 +0.005 HK Land 7.100 +0.030 JMH 54.400 JSH 29.780 -0.200 Jardine C&C 40.260
      108 words
    • Article
      Lock icon TOP GAINERS
      67 13 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 431.4 2.9 DBXT MSKorea 10US$ 6209 147.1 2.0 DBXT MSJAP 10US$ 3835 121.1 2.6 DBXT E50 10US$ 4406 96.4 1.8 IS S&P500 ***** 75.4 0.5 IS DJ US Tech 6356 65.5 0.8 Lyxor China H 10US$ 1627 65.5 3.4 Jardine
      67 words
    • Article
      Lock icon TOP LOSERS
      56 13 BY CENTS CLOSEDOWN GLD 10US$ ***** -207.7 -1.1 DBXT FTVietnam 10US$ 2960 -63.0 -1.7 JSH 2978 -24.7 -0.7 Lyxor MS India 10US$ 1560 -19.8 -1.0 UOB 1914 -18.0 -0.9 HsuFuChi 385 -15.0 -3.8 DairyFarm 853 -14.8 -1.4 DBXT S&P Short 10US$ 4332 -13.6 -0.3 Asia Pac Brew 2990
      56 words
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      79 12 herworld.com ffnfi Over $6,000 worth of prizes including luxury holidav at the Baros Maldives Go to www.herworld.com/weeklygiveaways now to participate!) JUN 20 JUN 26 We have 2 Samsung Dual LCDs Cameras ST700 to give away worth a total of $918 Goldheart ModeTres Bleu diamond pendant worth $838 and $1,500 worth
      79 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Transforming e-govt with the citizen in mind
      1090 14  -  If conceived and designed correctly, e-govt solutions can genuinely revolutionise the process of government itself from the desk of Chong Kok Keong Senior Vice President, CEO’s Office CrimsonLogic SUCCESSFUL implementation of e-government services is not just about automating existing processes and inefficiencies or
      1,090 words
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  • SINGAPORE
    • Article
      Lock icon Oil consumption in S’pore surges
      489 15  -  It grows by a sizzling 10.9% in 2010 to almost 1.2 million barrels daily: BP report By Ronnie Lim ronnie@sph.com.sg IN line with economic growth here, oil consumption in Singapore (including for aviation fuel and marine bunkers at the airport and the port) grew by
      489 words
    • Article, Illustration
      Lock icon 38 local entrepreneurs win Asia-Pacific awards
      439 15  -  By Lynn Kan lynnkan@sph.com.sg THE derring-do of 38 local entrepreneurs of various stripes and backgrounds was lauded last night at the Asia Pacific Entrepreneurship Awards (APEA). Ong Pang Aik, chairman and managing director of construction and engineering firm Lian Beng Group, landed the Entrepreneur
      ARTHUR LEE  -  439 words
    • Article
      Lock icon New scheme to let port workers specialise
      295 15  -  By Teo Si Jia teosj@sph.com.sg FOR a group of port employees, yesterday marked the day when they could look forward to better career progression and longterm employability. These employees, recipients of a statement of attainment, are the first batch of port employees to
      295 words
    • Article
      Lock icon URA releases terms for Gambas Ave industrial site
      238 16 THE Urban Redevelopment Authority (URA) yesterday released detailed sales conditions for a 2.1 hectare industrial site between Gambas Avenue and Gambas Crescent. The land parcel at the junction of Gambas Avenue and Woodlands Avenue 10 is being made available for application under
      238 words
    • Article, Illustration
      Lock icon Water policy institute offers leadership course
      380 16  -  Temasek Foundation will commit a $1.1 m grant over two years for the programme By Mindy Tan tanmindy@sph.com.sg THE Institute of Water Policy (IWP), a think tank at the National University of Singapore, yesterday launched an executive education course sponsored by Temasek Foundation. The
      FILE PHOTO  -  380 words
    • Article, Illustration
      Lock icon Singapore, UAE ink investment guarantee pact
      378 16  -  By Enya Lim enyalim@sph.com.sg SINGAPORE and the United Arab Emirates yesterday inked a deal that will assure their respective investors of protection when they invest in the other country. Key features of the investment guarantee agreement (IGA) include: 45non-discriminatory,fairandequita-ble treatment for Singapore investors and
      378 words
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  • WORLD
    • Article
      Lock icon ‘Frontier’ Asian markets lure buyout firms
      591 17 Investors worry about prices getting too high in hot markets of China, India Reuters Hong Kong PRIVATE equity deals are likely to warm up in “frontier” Asian markets such as Indonesia and Vietnam as firms worry about prices getting too high in the hot
      Reuters  -  591 words
    • Briefing
      • Article
        Lock icon HKMA to invest US$300m in China stocks, bonds
        86 17 Bloomberg Hong Kong The Hong Kong Monetary Authority said it received a US$300 million quota to invest in stocks and bonds in China, giving the city’s de facto central bank the opportunity to diversify its US$273 billion in reserves. The HKMA is
        Bloomberg  -  86 words
      • Article
        Lock icon Prada posts gains in Hong Kong debut
        123 17 Reuters Hong Kong Italian fashion house Prada SpA posted slim gains in its US$2.14 billion IPO debut in Hong Kong, defying expectations for a weak start as investors who couldn’t buy into the IPO snapped up the stock. The Milan-based company is the
        Reuters  -  123 words
      • Article
        Lock icon Govt efficiency crucial as public spending rises: OECD
        76 17 AFP Paris Public spending in advanced countries has risen to a record 45 per cent of national annual output and many countries face a huge task to raise government efficiency, the OECD warned yesterday. “Average government spending in the OECD area is
        AFP  -  76 words
      • Article
        Lock icon Paula the octopus bets on underdogs Canada
        88 17 AP Berlin A German aquarium’s new octopus oracle has gone out on one of her eight limbs by choosing underdog Canada to beat Germany in the opening match of the Women’s World Cup tomorrow. Konstanz Sea Life Aquarium’s octopus Paula, an heir apparentto
        AP  -  88 words
    • Article, Illustration
      Lock icon Banks, EU leaders move closer to Greek bailout deal
      463 17 News lift world equities; MSCI chalks 0.6% rise Reuters Frankfurt BANKS and policymakers yesterday moved closer to a deal to help Athens avert default ahead of a crucial vote in the Greek parliament next week on a harsh austerity package which
      Reuters; AP  -  463 words
    • Article, Illustration
      Lock icon BRICS alliance has limitations, say analysts
      532 18 On the IMF, there is no BRICS consensus on how to reform voting rights, or the appropriate level for the yuan AFP New Delhi THE scramble for the IMF top job was a chance for the BRICS group of emerging nations to flex their
      AFP  -  532 words
    • Article
      Lock icon Malaysia’s inflation accelerates in May
      274 18 Bloomberg Kuala Lumpur MALAYSIA’S inflation accelerated to the fastest pace in more than two years in May, sustaining pressure on the central bank to extend interest-rate increases and contain price gains. Consumer prices rose 3.3 per cent from a year earlier after climbing 3.2 per
      Bloomberg  -  274 words
    • Article, Illustration
      Lock icon Growth fears loom as Europeans spend less
      624 19 Shoppers cutting back on discretionary purchases bad news for most retailers and the economy Reuters London EUROPEAN shoppers are cutting back on discretionary purchases like televisions and furniture as their incomes aresqueezed,fuellingfearsthattheregion’sfalteringeconomic recovery could slide into reverse. Consumers, facing rising prices and the
      Reuters; AFP  -  624 words
    • Article
      Lock icon Google in antitrust maelstrom
      490 19 Reuters New York GOOGLE Inc found itself at the centre of multiple US government investigations on Thursday into whether it is using its dominance in search advertising to scotch competition. At least three state attorneys general have started antitrust investigations into Google, a source familiar with
      Reuters  -  490 words
    • Article, Illustration
      Lock icon China’s inflation policy working, says Wen
      587 20 He adds that pace of consumer-price increases will slow, but some economists expect further monetary tightening Bloomberg Beijing PREMIER Wen Jiabao said that China’s efforts to stem inflation have worked and that the pace of consumer-price increases will slow, an assessment that contrasts with
      Bloomberg; AP  -  587 words
    • Article
      Lock icon UBS remains defiant despite defections
      565 20 Reuters New York IT seems the blows just keep coming for UBS AG. Hurting after a series of high-pro-file defections, the Swiss bank has dropped out of the top 10 in the rankings of deal advisers, according to Thomson Reuters data through June 21. But
      Reuters  -  565 words
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      Lock icon Page 18 Advertisements Column 1
      25 18 www.omy.sg r T Staycation mm RllifWS.WI.3K" 850 a a si hi a „.aaM!£&£'^ liasss^^®^ lifestyle.omy.sg SINGAPORE AWARDS if in SP II 2 0 11 http://sgblogawards.omy.sg
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      Lock icon Page 18 Advertisements Column 2
      38 18 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! Siemenshaspositionsopenfora Software Engineer FarEastOrganizationhasmany vacanciesin Hospitality Operations Pfizerisrecruitinga Sales Executive TNTishiringa Business Solutions Manager MinistryofHealthislookingforan Assistant Director (Community Mental Health)
      38 words
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      Lock icon Page 19 Advertisements Column 1
      68 19 Choice c p tabla he*R tbe •,.rAP IOO MOT** wt>»" IWkHM. t Is -«1 Stumpy wke 8 p= gggg; |ggg *j2 5S£5s 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
      68 words
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  • Page 20 Advertisements
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      24 20 ft. Lianhe Zaobao Spore source 9* inspiration for Chinese owner in developing his Lianhua Island *mmm\ To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      24 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      9976 24 Transaction date: Jun 24 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 $mil 21 15 8Telecom 15.5 14.5 15.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 7.5 +0.5 320 7.5 7 7 7.5 1.7
      9,976 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 1 2 0 0 0 12 1 2 Manufacturing 75 28 51 4 4 8 79 32 59 Commerce 27 10 23 2 2 3 29 12 26 Tpt/Stor/Comms 24 10 8
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      827 24 For week beginning Jun 20 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Addvalue Tech Ltd 23-Jun-11 Ang Eng Lim OE 500 0.04 2600 0.24 3100 0.29 EDMI Ltd 22-Jun-11
      827 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,949 37,949 61,092 61,092 Manufacturing 176,437 8,025 184,462 154,396 768 155,164 Commerce 51,370 7,214 58,584 88,601 1,751 90,353 Tpt/Stor/Comms 129,736 8,814 138,550 265,738 672 266,410 Finance 17,199 17,199 169,152 169,152 Construction 30,938 2,206 33,144 8,755
      121 words
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  • MARKETS
    • Article
      Lock icon OIL
      75 25 Jun 23 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.28 -5.33 WTI (Near Mth) 91.44 -3.14 Dubai (1-Mth F) 105.48 0.54 Tapis blend 116.88 0.14 Minas 113.38 0.34 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 101.33 0.33 Jet Kerosene 124.15 0.55 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Jun 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.344 1.268 Can dollar 1.285 1.236 Euro 1.794 1.725 Sterling pound 2.014 1.937 NZ dollar 1.033 0.984 US dollar 1.252 1.204 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      92 25 YTD change: -3.86% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,770.12 on June 30,2010 Source: Bloomberg YTD change: -3.75% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 19,777.80 on July 6,2010 Source: Bloomberg YTD change: +4.08% 52-week high: 12,876.00 on May 2,2011 52-week low: 9,614.32 on July
      Source: Bloomberg  -  92 words
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      Lock icon METALS
      66 25 Jun 24 GOLD (US$/oz) Jun 23 Jun 24 Hong Kong 1546.*****2.00 Jun 22 Jun 23 London 1556.*****8.97 1557.*****9.69 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 43.91 43.51 Source: UOB PLATINUM Lon (US$/oz) Jun 23 Close Previous PM Fix 1707.*****9.00 AM Fix 1728.*****7.00 Source: Thomson Reuters PLATINUM NYMEX
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      Lock icon GOVERNMENT SECURITIES
      79 25 Jun 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 22.09.2011 0.32 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.11 102.16 102.16 5-Year N*****0W 1.125 01.04.2016 100.62 10-Year NX*****X
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      Lock icon INTERBANK CURRENCY RATES
      154 25 Jun 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3007 1.3025 1.0523 1.0533 Canadian dollar 1.2606 1.2612 1.0198 1.0199 Euro 1.7592 1.7602 1.4232 1.4234 NZ dollar 1.0049 1.0060 0.8130 0.8135 Sterling pound 1.9723 1.9737 1.5956 1.5961
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      Lock icon SMX MARKET UPDATE
      75 25 www.smx.com.sg As on 23 June 2011 PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1548 1520.5 1520.7 1553.5 Silver Cash Jul-11 36.2 36.2 35.01 36.745 CURRENCY Euro-US Dollar Sep-11 1.4278 1.4098 1.4106 1.4391 Aust-US Dollar Sep-11 1.0426 1.0343 1.035 1.0514 BASE METALS Copper
      75 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 Jun 23 Index Change Change Change Change Change Change World Index Preliminary 878.4 -1.4 -2.1 -1.3 -3.7 -2.0 -0.5 ‡EAFE Preliminary 759.0 -1.4 -5.2 -2.0 -5.0 -2.6 -1.8 Europe Preliminary 1123.1 -1.9
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      Lock icon LIFFE
      82 25 Jun 23 COCOA (£/tonne) Close Prev High/Low Jul 11 1879 1884 1920/1859 Sep 11 1894 1901 1938/1872 Dec 11 1917 1924 1959/1895 Mar 12 1933 1939 1973/1916 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2178 2214 2233/2169 Sep 11 2216 2252 2274/2205 Nov 11 2240 2277 2292/2228 Jan 12
      82 words
    • Article
      Lock icon PALM OIL
      67 25 Jun 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3151 3131 3160 3117 1195 3624 Aug 11 3150 3116 3153 3111 4887 ***** Sep 11 3139 3117 3146 3103 ***** ***** Oct 11 3139 3109
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      Lock icon CHICAGO BOT
      93 25 Jun 23 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 11 1317.*****0.*****3.*****2.75 Aug 11 1316.*****1.*****4.*****3.50 Sep 11 1314.*****9.*****2.*****1.25 Nov 11 1317.*****2.*****6.*****2.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 11 55.15 56.15 56.09 54.25 Aug 11 55.37 56.37 56.34 54.46 Sep 11 55.62 56.65 56.65
      93 words
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      Lock icon LONDON METALS
      72 25 Jun 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2478.75 2520.25 3 months 2509.00 2550.00 Copper, Grade A (US$/tonne) Cash 8955.75 9010.00 3 months 8960.00 9015.00 Lead (US$/tonne) Cash 2536.00 2532.00 3 months 2549.00 2544.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      72 words
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  • PERSPECTIVE
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      Lock icon The world, as Roubini sees it
      2016 26 / 27  -  It’s not a pretty picture 2011 has so far been a ‘good’ year for any prophet of doom. The renowned economist discusses what else could go wrong Vikram Khanna vikram@sph.com.sg Associate Editor NOURIEL Roubini, who predicted in astounding detail the 2008 global financial crisis,
      BLOOMBERG  -  2,016 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Volatility in the year ahead
        1668 28 / 29  -  Investors would do well to take note of the increased importance of asset allocation in the near future Shane Oliver AMP Capital Investors The writer is head of investment strategy and chief economist at AMP Capital Investors BACK in May, we became concerned that the
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      • BROKERS' TAKE
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          Lock icon Keppel Telecommunications & Transportation
          227 28 / 29 Keppel Telecommunications Transportation Buy DBS Group Research June 24 Close: S$1.32 The Next Generation National Broadband Network and growth in cloud computing are fuelling demand for da-ta-centre space in Singapore. Keppel Telecommunications Transportation (Keppel T&T) is the only listed player in Singapore with significant exposure to data-centre business and is
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          Lock icon KSH Holdings
          471 28 / 29  -  Compiled by Conrad Tan Hold OCBC Investment Research June 24 Close: S$0.245 We believe that the pipeline of public contracts continues to be strong in 2011 with the Building and Construction Authority (BCA) forecasting a total public contract value of S$12-15 billion, up from S$8.1 billion last year.
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        Lock icon Internet startups use new metrics to appear profitable
        1088 30 AP New York MORE than a decade ago, Internet companies promoted new ways to measure their business performance, introducing concepts such as “eyeballs” and “mindshare” to investors. Now the latest Internet startups are adding their own particular yardsticks to the valuation vocabulary.
        AP; AFP  -  1,088 words
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        Lock icon Revamp value system to stop brain drain across the Causeway
        1221 31  -  Senior economist in the World Bank, Philip Schellekens, says that the number of skilled Malaysians living abroad has tripled in the last two decades show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder
        Source: Institute of Education Sciences  -  1,221 words
    • SMART MONEY
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        Lock icon Beauty of plain vanilla insurance
        1533 32/33  -  Term plans are the most cost-effective form of life cover. Remember, peace of mind is a benefit that may be difficult to put a price on. By Genevieve Cua By Genevieve Cua INSURANCE is a product that you may not quite appreciate until you need
        AP  -  1,533 words
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        Lock icon Understanding the advisory process
        752 32/33  -  By Genevieve Cua gen@sph.com.sg TERM life protection may seem to be a pretty straightforward product, but the advisory process involved may not be that simple. Here are some things to note: 45The advisory process should start with a needs analysis which examines your circumstances such as
        AP  -  752 words
    • WEALTH REAL ESTATE
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      27 32/33 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
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      62 1 LivingTHEBUSINESSTIMESWEEKEND|JUNE25-*****1BTTHE BUSINESS TIMES WEEKEND JUNE 25-26 2011 WELLNESS Centres for women only L6-7 THE SOCIAL NETWORK Cafes that serve up platforms for local culture, NGOs and more TRAVEL Birmingham in 36 hours L10-11 GROUP THERAPY GADGETS Berries of varying sweetness L13 PERSONAL SPACE The Blair Road project L8-9 HEALTH Helping
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  • BT Living
    • DINING
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        Lock icon The social network
        43 2 / 3 On the menu for a new wave of cafes: food and drink, plus a generous dollop of social advocacy. BT Weekend visits four that are serving up platforms for local culture, NGOs and the creative community, along with decent fare
        43 words
      • Article, Illustration
        Lock icon Group Therapy
        824 2 / 3  -  By Audrey Phoon aphoon@sph.com.sg 49 Duxton Road, #02-01 Z6222-2554 THE thing about therapy for most people be it psychoanalytic therapy, spa therapy or retail therapy is that while it’s supposed to be good for you, it really isn’t for your wallet. Which means that when the billcomes,you’reonceagainschleppedinto the
        PHOTOS COURTESY OF GROUP THERAPY  -  824 words
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        Lock icon Betel Box Living Bistro
        791 2 / 3  -  By Tan Teck Heng thtan@sph.com.sg 200 Joo Chiat Road Z6247-7340 YOU may have heard of Betel Box, a quirky little hostel along Joo Chiat Road and home of various guided tours such as the Joo Chiat and Katong Food Walk. Its eclectic and sincere offerings have
        ST FILE PHOTO OF TONY TAN; ARTIST’S IMPRESSIONS COURTESY OF BETEL BOX BACKPACKER HOSTEL & TOURS  -  791 words
      • Article, Illustration
        Lock icon Talent Cafe
        709 4 / 5  -  By Audrey Phoon aphoon@sph.com.sg 34 36 Tras Street Z6536-7077 THERE are plenty of fancy clubs in Singapore dedicated to professions that parents tend to push their kids into finance, law, medicine, etc that come with swish bars, posh restaurants or polished dance floors as networking platforms. But for
        PHOTOS COURTESY OF TALENT CAFE  -  709 words
      • Article, Illustration
        Lock icon Post-Museum and Food #03
        698 4 / 5  -  By Tan Teck Heng thtan@sph.com.sg 107,109 Rowell Road Z6396-7980 SOCIAL conscience and food may be an increasingly popular combination, but it isn’t necessarily a money-making one. Feeling the bottom line crunch are outfits such as the for-profit organisation Post-Museum, which is planning to close down when
        PHOTOS COURTESY OF POST-MUSEUM  -  698 words
    • WELLNESS
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        Lock icon For women only
        1972 6 / 7  -  If you are one of those women who feel awkward about undergoing checkups together with men dressed in gowns and slippers, or working out hot and sweaty in the company of the opposite sex in a gym, three centres offer their solution. By Natalie Koh By Natalie
        1,972 words
    • HOME & GARDEN
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        Lock icon The Blair Road project
        1005 8 / 9  -  Restoring a 1930s-era Peranakan shophouse to its former glory is the pet project of Theor new owner Tammy L Wong. personal space By Geoffrey Eu btnews@sph.com.sg IT was love at first size. When Tammy L Wong went househunting earlier this year, she made a conscious effort
        PHOTOS: ARTHUR LEE  -  1,005 words
    • TRAVEL
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        Lock icon BEST OF BRUM
        1302 10 / 11  -  From bling to baltis, Britain’s second largest city has much to engage the senses.By stopover in birmingham, UK| senses.By Joyceline Tully btnews@sph.com.sg IT’S more associated with heavy industry than fashion, fine dining and the usual tourist draws, but in the last decade or so, Birmingham, or Brum
        MAIN PHOTO AND IKON GALLERY PHOTO COURTESY OF MARKETING BIRMINGHAM, ALL OTHER PHOTOS BY JOYCELINE TULLY  -  1,302 words
      • Article, Illustration
        Lock icon Don’t tip the robot
        1063 12  -  At the Yotel in New York, the ‘iPod of the hotel industry’, a 6-m tall luggage robot greets guests in what is a new concept that melds efficient airplane space with Japanese capsule hotels for the budget-conscious traveller. By Scott Mayerowitz By Scott Mayerowitz AP FORGET
        AP; PHOTOS: AP  -  1,063 words
    • GADGETS
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        Lock icon Berries of varying sweetness
        715 13  -  RIM’s BlackBerry PlayBook and Bold 9900 have plenty for fans but are a hardsell for switchers. By Christopher Lim limchris@sph.com.sg BlackBerry PlayBook ($668-$928 without Research In Motion’s (RIM’s) seven-inch touchscreen BlackBerry PlayBook tablet went on sale here on Thursday, and many who admire the brand’s reputation
        715 words
    • HEALTH
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        Lock icon Get your mojo back
        960 14  -  Say goodbye to hair loss and low sex drive with ready clinical remedies. By Dylan Tan dylantan@sph.com.sg MICHAEL Jordan and Bruce Willis might send women wild while rocking the bald look but if the results of a recent survey on male pattern hair loss (MPHL) in
        FILE PHOTO  -  960 words
    • HEALTH
      • Article, Illustration
        Lock icon Insider knowledge
        1146 15  -  Your personal genetic sequence could lead to potential health benefits. By Michael Lim ~Dr Lim is the medical director at Singapore Medical Specialists Centre. He is also editor-in-chief, Heart Asia, British Medical Journals Publishing Group chairman, Scientific Advisory Board, Asia Pacific Heart Association honorary professor and senior medical
        FILE PHOTO  -  1,146 words
    • SPORT
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        Lock icon Much expected of Villas-Boas
        642 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor AT 33, Chelsea’s new manager Andre Vil-las-Boas is the youngest-ever manager in the history of the English Premier League. The Portuguese is also just a few months elder than two of the club’s veteran players, midfielder Frank
        AFP  -  642 words
      • Article
        Lock icon Promoting the (sex) appeal of Women’s World Cup
        683 16  -  kick off with andrew leci TIGHT shorts and low-cut tops. That’s what some bright spark suggested, seven years ago, that thefuture of women’s football was dependent on. “Let the women play in more feminine clothes, like they do in volleyball,” was a
        683 words
    • GOLF
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        Lock icon Trailblazers in the Asian Tour
        1129 17  -  It’s not easy turning pro in countries where golf is hardly played, but Bangladesh’s Siddikur and Brunei’s Faiz Damit are showing that it can be done. By Justine Moss By Justine Moss btnews@sph.com.sg GROWING up in a country where golf is hardly played can be
        1,129 words
    • MOTORING
      • Article, Illustration
        Lock icon Let there be light
        632 18  -  The seventh generation of the A6 represents Audi’s commitment to lightweight construction. By Samuel Ee samuelee@sph.com.sg THE seventh generation of the Audi A6 executive saloon is a lightweight. Not in the sense that it lacks substance, of course, but because it really is relatively light. Because
        632 words
      • Article, Illustration
        Lock icon Dynamic drive
        697 19  -  The A6 3.0 TFSI quattro corners with precise steering and maximum body control. By Samuel Ee samuelee@sph.com.sg AUDI ended 2010 as the only premium brand here to achieve five straight years of growth and Audi Singapore expects the new Audi A6 to continue the sales momentum. So it
        697 words
      • Article, Illustration
        Lock icon Hamilton gunning for Vettel
        875 20 He believes new rule changes would favour him and allow him to overhaul Red Bull’s championship leader f1 watch AFP Valencia AUSTRALIAN Mark Webber set the pace in the opening practice session for tomorrow’s European Grand Prix, the Red Bull driver outpacing his nearest rival by
        AFP; PHOTOS: AP, AFP  -  875 words
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      212 4 / 5 wine&dine with BTWeekend Triple Three Mandarin Orchard Singapore 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, tempura and
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      190 4 / 5 dining room for 10 persons. For more details or reservations, please call 6432-7482. Opening Hours: Lunch (dim sum and a la carte) Monday to Saturday, 11.30am-2.30pm; Sunday, 10.30am to 2.30pm. Dinner (a la carte only) Monday to Sunday, 6.30pm-10.30pm. Atrium Lounge Marina Mandarin Singapore, Level 4 6 Raffles Boulevard Z
      190 words
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      197 4 / 5 Master Chef Chan Kwok and his team of talented chefs. Available for lunch and dinner, signature dishes include crispy roasted duck, double-boiled shark’s bone cartilage soup with three treasures and stewed ox-tail with garlic. A wide variety of dim sum, such as chicken and mango tart, and deep-fried scallop puff
      197 words
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      215 4 / 5 Z6831-6686 The Pleasure of Oz, May 1 to June 30 You don’t have to fly across the ocean for an Aussie adventure of epicurean proportions. Indulge in a spread inspired by the best of Australian cuisine, with 10 at Claymore’s latest Plates of Pleasure menu that features Australian wagyu sirloin,
      215 words
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      37 6 / 7 MATS CLASSIFIED Time to retire the old and make way for a new cooling system. To find out more, turn to CLASS 90 in I CATS Classified in The Straits Times now. BUY IT• SELL IT'FIND IT
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