The Business Times, 9 July 2011

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Microfilm: NL31562
Total Pages: 53
1 20 The Business Times
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  • TOP STORIES
    • Article
      Lock icon Only 18,000 net jobs in June: Labor Dept
      748 2 Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 per cent latest us data AP Washington HIRING slowed to a near-stand-still last month. US employers added the fewest jobs in nine months and the unemployment rate
      AP  -  748 words
    • Article
      Lock icon IMF set to approve three billion euros for Greece
      433 2 Reuters Washington THE International Monetary Fund (IMF) Executive Board yesterday was expected to approve the disbursement of just over three billion euros (S$5.23 billion) for Greece, in time to help the country pay debts falling due this month. At the same
      Reuters  -  433 words
    • Article
      Lock icon MARKETS
      140 2 G STI 3,151.28 (+25.41) G STI FUTURES 3,150 (+25) G SIMSCI 365.39 (+2.91) G SIMSCI FUTURES 365.00 (+2.50) STOCKS Friday Change KL COMP 1,594.74 +4.50 NIKKEI 225 10,137.73 +66.59 HANG SENG 22,726.43 +196.25 SET 1,088.46 +5.38 JAKARTA 4,003.69 +64.22 MANILA 4,391.46 +15.61 KOSPI 2,180.35 -0.24 SHENZHEN B 751.98 -2.27
      140 words
    • Article, Illustration
      Lock icon Ignore those reports – Man U not up for sale
      1030 4  - Ignore those reports Man U not up for sale CEO David Gill talks about the club’s finances, investing in the team and Peter Lim’s largesse By Lee U-Wen leeuwen@sph.com.sg Singapore ONE could well say that Manchester United Football Club probably has as many suitors as it does trophies. Last year,
      BLOOMBERG  -  1,030 words
    • Article, Illustration
      Lock icon News of the World folds, Coulson arrested
      813 6  -  Detention of Cameron’s former head of communications risks tainting his government By Neil Behrmann bt wo rl d @s p h .co m .sg London THE arrest of Andy Coulson, British Prime Minister David Cameron’s head of communications until January, risks tainting the
      AP FILE PHOTO; BLOOMBERG  -  813 words
    • Article
      Lock icon Presidential election candidates allowed just one rally
      632 6  -  By Chuang Peck Ming peckming@sph.com.sg Singapore ONLY one rally is allowed for each candidate in the coming presidential election, in which TV would provide the major medium for campaigning though this does not preclude other forms, including new media and mailers. In prescribing
      632 words
    • Article
      Lock icon Global IPO activity rose in Q2: E&Y
      575 7  -  Greater China issuers still leading raising 32% of total, 7 of top 20 IPOs By Carine Lee carinel@sph.com.sg Singapore GLOBAL initial public offering activity by number of IPOs and total capital raised in the second quarter of 2011 rose significantly despite the political
      575 words
    • Article, Illustration
      Lock icon Yingluck asks for more time to form policy
      507 8 Her party will develop detailed plans on foreign exchange and fiscal spending Bloomberg Bangkok INCOMING Thai leader Yingluck Shinawatra asked for more time to formulate detailed policies on foreign exchange and fiscal spending five days after her party won a majority in
      Bloomberg; REUTERS  -  507 words
    • Article
      Lock icon Little sympathy for giants feeling small
      767 8  -  saturday soapbox By Jamie Lee leejamie@sph.com.sg YOU’D be surprised how small some giants feel. In fact, bigwigs at the recent St Gallen Symposium which took on the theme of power this year–weredrawingoutsomeprofoundinsecurities: while big, they can feel very much alone. Take BP, which made
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      58 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Travel L2-4 Dining L5-6 Golf Special L7-14 Dining L15
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      124 3 Years of Caring and Healing 35 years ago, our founders, together with their colleagues, set out to develop a medical practice that would serve patients through a team-based approach. Today, Raffles is an integrated healthcare organisation that provides comprehensive yet personalised care and service of the highest quality. In 2011,
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      63 5 Singapore Symphony Orchestra A 2011/12 Season Awaits! Lan Shui Music Director Leonidas Kavakos 8 Sep 11 Neeme Järvi 18-19 Jan 12 Vladimir Ashkenazy 4 Nov 11 Sarah Chang 6-7 Apr 12 Vadim Repin 18-19 Jan 12 stephen hough 26 Nov 2 Dec 11 Tickets for Jul-Dec 2011 subscription, Gala and
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      37 7 Michelin-star Chef LAURENT PEUGEOT Mon to Sat 11 to 16 July Chef Laurent infuses a touch of Italian flair into his signature brand of innovative cuisine. Tel: 6730 3395/ ilcielo@hilton.com i il rioln Level 24 Hilton Singapore
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      158 8 FLIGHT CENTRE Great Value Airfares Christmas Holidays Economy return from Adelaide 1,456* INCLUDES Return airfare 5 nights accom at BreakFree on Hindley. Brisbane $1,152* INCLUDES Return airfare 6 nights accom at Rendezvous Hotel. BONUS Stay 6 pay 5. Gold Coast $952* INCLUDES Return airfare 5 nights accom at Watermark Hotel.
      158 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK July 4-8, 2011
    • Article
      Lock icon NEXT WEEK July 11-15, 2011
      82 9 US DATA July 12 May trade balance July 13 May import/export prices July 14 Producer price index Retail sales July 15 Consumer price index Industrial production SINGAPORE DATA July 14 Advance Q2 GDP estimates July 15 May retail sales, food and beverage services indices EVENTS
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      318 9 CRYPTIC CROSSWORD Across 1 He ensures stallholders keep to the right pitch and come in on time (11) 9 A share in the plot (9) 10 Lead a request for silence on the meadow (5) 11 Badly criticised, having performed over the music (6) 12 Measured and mixed malt and
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      6 9 SATURDAY with Ludwig ‘Eat your vegetables.’
      6 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The triumph of authenticity
      2485 10/11  -  Leadership is about grace, the ability to rise above and stay humble by focusing first on others, as Korn/Ferry International CEO Gary Burnison learnt first-hand from some top-class leaders. By Anna Teo By Anna Teo anna@sph.com.sg GARY Burnison knows more than most about leaders and leadership
      ARTHUR LEE  -  2,485 words
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  • COMPANIES
    • Article
      Lock icon Portek shares surge on ‘undervalued’ report
      540 12  -  DMG suggests fair value of $1.56, valuing its port business at 14x earnings ‘in line with its regional peers’ average’ By Joyce Hooi joyceh@sph.com.sg Singapore PORTEK International shares surged 5.7 per cent in trading yesterday to $1.305, following a report that valued it at
      540 words
    • Article, Illustration
      Lock icon Ryobi Kiso bags 191b Viet dong contract – its biggest in Vietnam
      301 12  - Ryobi Kiso bags 191b Viet dong contract its biggest in Vietnam Firm will do foundation works for SSG Tower in Ho Chi Minh City By Lester Hio lesterh@sph.com.sg Singapore GROUND engineering solutions company Ryobi Kiso Holdings Ltd has secured its largest contract to date in Vietnam. Its subsidiary Raffles Piling
      FILE PHOTO  -  301 words
    • Article, Illustration
      Lock icon M&C sees its Japan hotel dream coming true
      486 13  -  Group to redevelop property site in posh Ginza district into 325-room deluxe hotel By Angela Tan angelat@sph.com.sg Singapore AFTER waiting some 15 years for the right opportunity, Millennium Copthorne Hotels plc (M&C) will finally see its dream of getting a hotel presence
      FILE PHOTO  -  486 words
    • Article
      Lock icon First Reit buys Korean hospital
      324 13  -  By Teo Si Jia teosj@sph.com.sg Singapore FIRST Real Estate Investment Trust (Reit) haspurchasedSouth Korea’s Sarang Hospital for US$13 million. Sarang Hospital said to be one of the largest rehabilitative and nursing facilities in Yeosu is a six-storey hospital with one basement accommodating 217 beds. Yeosu
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    • Article
      Lock icon Oceanus proposes to invest in SIF Agrotech
      197 14  -  Firms still in talks, have yet to enter into a binding pact By Teo Si Jia teosj@sph.com.sg Singapore OCEANUS Group is looking to invest in water treatment and environmental engineering company SIF Agrotechnology Asia Pte Ltd. But both the companies are still in
      197 words
    • Article, Illustration
      Lock icon Directors ‘not upping their game’ post-crisis
      562 14  -  Only a quarter of respondents characterises their boards’ overall performance as excellent or very good: survey By Jasmine Ng jasng@sph.com.sg Singapore CORPORATE boards have taken to heart the need to spend more time developing company strategy after the financial crisis. Yet, this hasn’t translated
      STOCK.XCHNG  -  562 words
    • Article, Illustration
      Lock icon Euro concerns versus Wall Street optimism
      540 15  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent ON THE macro front, it was Moody’s downgrade of Portugal’s debt to junk status that was said to have rattled markets the most this week; meanwhile, providing support was Wall Street which despite mediocre US economic data managed
      540 words
    • Business briefing
    • Article
      Lock icon TOP 20 ACTIVES
      110 15 VOL CLOSE GoldenAgri 210,071 70.5 2.5 3.7 PSLHldgs 88,330 45 2.0 4.7 GentingSP 60,065 189 0.5 0.3 GMGGlobal 46,806 26.5 1.5 6.0 Sunmoon 46,704 0.3 0.0 0.0 CapitaLand 42,481 307 12.0 4.1 Artivision 37,065 19.2 1.7 9.7 JES 33,294 27 1.5 5.9 NexGenSCom 32,252 2.9 0.2 7.4
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    • Article
      Lock icon STI STOCKS
      110 15 Stock name Close Change CapMallsAsia 1.505 +0.025 CapitaLand 3.070 +0.120 CapitaMall 1.920 CityDev 10.940 +0.110 ComfortDelGro 1.435 -0.015 DBS Grp 14.940 +0.050 F&N 6.020 +0.130 GLP 2.100 -0.010 Genting SP 1.890 +0.005 Golden Agri 0.705 +0.025 HK Land 7.030 +0.030 JMH 56.000 +0.860 JSH 31.400 -0.080 Jardine C&C
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    • Article
      Lock icon TOP GAINERS
      65 15 BY CENTS CLOSE UP Jardine C&C 4651 216.0 4.9 JMH 5600 104.8 1.6 Lyxor EmergingMkts 1 1186 84.1 6.2 DBXT DBCBLEB 10US$ 2268 56.1 2.1 DBXT Nifty 10US$ ***** 53.6 0.3 DBXT MSTHAI 10US$ 1746 45.1 2.2 DBXT MSINDO 10us$ 1627 41.5 2.1 DBXT MSINDIA 10US$ 1074 32.9
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    • Article
      Lock icon TOP LOSERS
      61 15 BY CENTS CLOSEDOWN DBXT S&P Short 10US$ 4102 -45.1 -0.9 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 Venture Corp 840 -17.0 -2.0 GLD 10US$ ***** -14.6 -0.1 Lyxor HangSeng 10US$ 290 -11.0 -3.0 DBXT FTVietnam 10US$ 2845 -9.8 -0.3 JSH 3140 -9.8 -0.3 SembCorp Ind 512 -8.0
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      Lock icon Page 12 Advertisements Column 1
      41 12 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! FarEastOrganizationhasvarious vacanciesavailablein Hospitality Operations MarvellAsiahaspositionsopenfor Senior Digital Design Engineers Procter&Gambleisrecruitinga Scientist Research Development GoodrichCorporationishiringa Commodity Manager Electronics (SE Asia/China) TanTockSengHospitalislookingfor Health Science Professionals
      41 words
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      41 13 MOM > JACKPOT A f < <r> THIS MONDAY f m X8 RCB Reg No: *****0202G For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements WAT-3 NOTICES
      41 words
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      15 14 How torunabusiness without runningoutofideas SMEJuly/Augoutnow! )5,6;,!*330,9#/9!:.*!! )(*23:."6:;<$**+/2-7 )5,6;,-9;0,9#3,!!*! )42-73*0,9#<,1*,$$:-*&!;*-<.,3,"06,*! )’#*%2#:."$,#21*+:2:.;*#8:*6 AvailableatCaltex,Esso,ShellandSPCpetrolstations, 7ElevenandCheersstoresandleadingbookstores Tosubscribe($30forsixissuesdeliveredtoyourofficeorhome),pleasecall6388-3838. GetacomplimentarycopyifyouareaTNTclient,whilestockslast! Producedby
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      98 15 HAIR TRANSPLANT FORUM “How Beautiful It Would Be To Have A Head Full Of Hair...” FREE ADMISSIONs ComplimentaryHair Analysis Date Time: 12th July, 6pm 13th July, 1pm Venue: 391B Orchard Road, Ngee Ann City Tower B, #08-04, Singapore *****3. Dr Tyng Tan BSc (Hons), MBBS (London) Member of International Society
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Raising the bar in Asian wealth management
      913 16  -  The region’s growing affluence opens up new opportunities but also creates fresh challenges as Asia’s wealthy seek a more sophisticated spectrum of products and services from the desk of Kathryn Shih CEO, UBS Wealth Management Asia Pacific ASIA Pacific is one of the
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  • SINGAPORE
    • Article
      Lock icon Town council report regime under review
      178 17 THE Ministry of National Development (MND) has started to review the Town Council Management Report (TCMR) framework. MND said this yesterday with the release of the third TCMR. The aim is to “enhance the TCMR framework to better reflect residents’ experience and to cover
      178 words
    • Article, Illustration
      Lock icon SWINGING TIME AT SPH GOLF EVENT
      143 17 OVER 200 golfers from the advertising industry took part in the annual SPH Advertising Golf Challenge 2011, held at the Tanah Merah Country Club (TMCC) on July 1. Leslie Fong (above, left), senior executive vice-president of marketing at SPH, hosted the tournament. The format
      143 words
    • Article
      Lock icon Firms tap Sino-S’pore green project
      362 17  -  12 SMEs and 2 others seal deals with Tianjin Eco-City developer By Lynette Khoo lynkhoo@sph.com.sg MORE Singapore-based companies are using the Tianjin Eco-City project to leapfrog into the north China market. Fourteen firms, including 12 small-and-medium enterprises (SMEs), struck deals with the Si-no-Singapore Tianjin Eco-City
      362 words
    • Article
      Lock icon Sengkang DBSS tender is off
      154 17 THE Housing and Development Board (HDB) has withdrawn the tender for a Design, Build and Sell Scheme (DBSS) site in Sengkang which was launched last month. The tender was due to close on July 20. The Ministry of National Development is currently reviewing the DBSS,
      154 words
    • Article, Illustration
      Lock icon After challenges, success comes their way
      611 18  -  Singapore Indian Entrepreneur Awards winners attribute their success to passion to want to make a difference By Malminderjit Singh msingh@sph.com.sg THE passion to want to make a difference, perseverance and an eye for opportunities are key ingredients for a successful entrepreneur, say the winners
      611 words
    • Article
      Lock icon Finance ministry seeks GST feedback
      251 18 THE finance ministry is seeking feedback from the public on changes to the Goods and Services Tax (GST) Act. The consultation exercise on the draft GST (Amendment) Bill will run till July 28. The proposed changes will lower GST compliance costs for the marine, biomedical
      251 words
    • Article
      Lock icon New conveyancing rules on Aug 1
      184 18 THE government will be implementing new measures to better protect clients’ conveyancing money against misappropriation on Aug 1, 2011. Parliament passed the Conveyancing (Miscellaneous Amendments) Bill on April 11, which amended the Conveyancing and Law of Property Act and the Legal Profession Act to
      184 words
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      Lock icon Page 17 Advertisements Column 1
      697 17 UNITED INDUSTRIAL CORPORATION LIMITED (Co. Reg. No. *****0181E) (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE Application has been made to the Directors of the abovenamed Company to issue duplicate certificate in place of the following certificate in the name of Yeap Poh Teng, which has been reported lost
      697 words
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      63 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. a HftcoNcffn •c THE HS IWNOW™" o^rtAM «S1»CC*« Presidential conversation lboU »<ha"»y Hathan much «ow^ lr^<on>n,J ty so •> SGD
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  • WORLD
    • Article, Illustration
      Lock icon European regulators want more disclosure
      561 19 Stress tests will make banks reveal capital levels, estimates for profitability and holdings of sovereign debt Bloomberg London EUROPEAN regulators will try to endtheregion’s bankingcrisis by forcing firms to publish details of capital shortfalls in a more stringent and detailed set of stress tests that
      Bloomberg; BLOOMBERG FILE PHOTO  -  561 words
    • Article
      Lock icon India’s exports jump 46% in June
      256 19 AFP New Delhi INDIA’S exports surged 46 per cent to US$29.2 billion in June, provisional data showed yesterday, helped by mounting demand in US and European markets. The year-on-year rise came as the key economic regions improved and India’s strategy of diversifying its export
      AFP  -  256 words
    • Article
      Lock icon Obama summons Congress leaders for Sunday meeting
      191 19 Bloomberg Washington US President Barack Obama is summoning top congressional Republicans and Democrats to a rare Sunday meeting at the White House to begin “hard bargaining” on a broad debt-reduc-tion deal. He will make his latest bid to break a partisan impasse over
      Bloomberg  -  191 words
    • Briefing
      • Article
        Lock icon German export machine hums in May
        80 19 AFP Frankfurt Germany’s export machine geared up in May, expanding by 4.3 per cent and partially offsetting a slump of 5.6 per cent in April, data from the national statistics office showed yesterday. The provisional gain in May left Germany with a sea-sonally-adjusted trade
        AFP  -  80 words
      • Article
        Lock icon French business sentiment at lowest since Nov 2009
        64 19 Bloomberg Paris French business confidence dropped to the lowest in more than 11/2 years in June on concern that faltering export demand and consumer spending are undermining economic growth. The Bank of France’s Business Sentiment Indicator for manufacturers dropped to 99 from
        Bloomberg  -  64 words
      • Article
        Lock icon SBI plans to raise US$5b in overseas debt
        70 19 Reuters New Delhi State Bank of India (SBI), the country’s largest lender, plans to raise US$5 billion via overseas debt in the current fiscal year, its chairman said yesterday, if demand for loans pick up in the growing economy. Pratip Chaudhuri told
        Reuters  -  70 words
      • Article
        Lock icon Docomo to expand smartphone, tablet offerings: CEO
        73 19 Reuters Tokyo NTT DoCoMo, Japan’s biggest mobile operator, will launch 15 to 20 new smartphone and tablet models this autumn and winter, its CEO Ryuji Yamada said yesterday, as it seeks to compete with Apple products offered by rival Softbank. The giant carrier
        Reuters  -  73 words
    • Article, Illustration
      Lock icon Hong Leong Financial seeks buys
      463 20 It is eyeing acquisitions in emerging markets as it aims to triple its assets, profits in 5 years Bloomberg Kuala Lumpur HONG Leong Financial Group, the Malaysian banking and insurance group controlled by billionaire Quek Leng Chan, is seeking acquisitions in emerging markets as it
      Bloomberg  -  463 words
    • Article
      Lock icon China’s Sun Art raises US$1.1b in Hong Kong
      367 20 Reuters Hong Kong CHINA’S biggest hypermarket operator Sun Art Retail Group Ltd raised US$1.1 billion after pricing its Hong Kong initial public offering at the top of an indicative range, bucking a downturn in Asian IPOs as investors jostled for a piece
      Reuters  -  367 words
    • Article, Illustration
      Lock icon Japan’s economy showing signs of recovery
      478 21 Its current account surplus shrank less than economists forecast in May Bloomberg Reuters Tokyo JAPAN’S current-account surplus narrowed less than economists forecast in May, a sign that the economy may be overcoming damage from the steep decline in exports after a record earthquake. The
      Bloomberg; Reuters; REUTERS  -  478 words
    • Article
      Lock icon Japanese power firm puts off restarting N-reactor
      428 21 Reuters Tokyo A POWER company in western Japan yesterday delayed the restart of an idled nuclear reactor as confusion spread over the safety of nuclear power and the future course of the country’s energy policy. The confusion raises the possibility that all of
      Reuters  -  428 words
    • Article
      Lock icon Aussie carbon tax plan set to pass
      455 21 Reuters Canberra AUSTRALIA’S government yesterday secured the final crucial vote needed to introduce a carbon tax, which will put a price on greenhouse gas emissions from the nation’s top companies and help cut 160 million tonnes of emissions by 2020. Tasmanian independent Andrew
      Reuters  -  455 words
    • Article, Illustration
      Lock icon Thai Democrats seek ban on Thaksin party
      418 22 Victorious Puea Thai vows to retaliate with legal action of its own AFP Bangkok THAILAND’S defeated Democrats launched a legal bid yesterday to ban the victorious party of fugitive former premier Thaksin Shinawatra, threatening fresh political turmoil. The move is sure to anger
      AFP; AP  -  418 words
    • Article
      Lock icon Court delays ruling on Lagarde probe
      392 22 AFP Paris A FRENCH court yesterday delayed its ruling on whether the new head of the International Monetary Fund (IMF), former French finance minister Christine Lagarde, will face a criminal probe over her handling of a tycoon’s lawsuit. The Court of Justice of the
      AFP  -  392 words
    • Article
      Lock icon Russia’s VTB bank secures record US$3.1 billion loan
      311 22 AFP Moscow RUSSIA’S second-biggest bank VTB said yesterday that it had secured Eastern Europe’s largest syndicated loan following its acquisition of shares in the struggling Bank of Moscow. The state-owned group said the US$3.13 billion three-year credit will carry an interest margin
      AFP  -  311 words
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  • Page 22 Advertisements
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      79 22 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
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  • SGX
    • Article
      Lock icon SGX CATALIST
      10069 26 Transaction date: Jul 8 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 $mil 21 15 8Telecom 16 +1 45 16 15.5 15.5 16.5 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 7.2 +0.1 52 7.2
      10,069 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 3 4 0 0 0 11 3 4 Manufacturing 83 40 40 4 6 8 87 46 48 Commerce 26 14 21 4 2 4 30 16 25 Tpt/Stor/Comms 21 6 15
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      832 26 For week beginning Jul 4 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Advance SCT Ltd 7-Jul-11 Simon Eng Buy 500 na ***** 7.38 ***** 7.43 Albedo Ltd 7-Jul-11 Yap
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,874 32,874 73,079 73,079 Manufacturing 212,668 57,163 269,831 203,118 936 204,054 Commerce 154,150 10,145 164,295 92,553 1,381 93,934 Tpt/Stor/Comms 136,254 11,258 147,512 207,645 1,100 208,746 Finance 33,047 33,047 130,525 130,525 Construction 116,023 59,218 175,241 46,524
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  • MARKETS
    • Article
      Lock icon OIL
      75 27 Jul 7 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 117.02 3.49 WTI (Near Mth) 98.55 1.94 Dubai (1-Mth F) 108.76 1.99 Tapis blend 119.54 1.93 Minas 115.74 1.73 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.39 1.67 Jet Kerosene 126.60 1.60 US$/barrel Opec Oil Basket Price
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    • Article
      Lock icon foreign currency NOTE RATES
      118 27 Jul 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.359 1.283 Can dollar 1.298 1.249 Euro 1.787 1.719 Sterling pound 1.988 1.912 NZ dollar 1.046 0.997 US dollar 1.239 1.192 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon STOCK MARKETS
      98 27 Bloomberg YTD change: -1.22% 52-week high: 3,313.61 on Nov 9, 2010 52-week low: 2,886.70 on July 8, 2010 Source: Bloomberg Bloomberg YTD change: -1.34% 52-week high: 24,988.50 on Nov 8, 2010 52-week low: 20,002.00 on July 8, 2010 Source: Bloomberg YTD change: +9.86% 52-week high: 12,876.00 on May
      Source: Bloomberg  -  98 words
    • Article
      Lock icon METALS
      67 27 Jul 8 GOLD (US$/oz) Jul 07 Jul 08 Hong Kong 1530.*****9.00 Jul 06 Jul 07 London 1529.*****6.59 1529.*****7.40 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 44.80 44.39 Source: UOB PLATINUM Lon (US$/oz) Jul 07 Close Previous PM Fix 1734.*****3.00 AM Fix 1724.*****8.00 Source: Thomson Reuters PLATINUM NYMEX
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 27 Jul 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 06.10.2011 0.31 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 NX*****Z 2.250 01.07.2013 103.7 103.74 103.7 5-Year N*****0W 1.125 01.04.2016 101.05 101.23 101.13
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jul 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3138 1.3155 1.0778 1.0783 Canadian dollar 1.2722 1.2734 1.0436 1.0437 Euro 1.7456 1.7472 1.4320 1.4321 NZ dollar 1.0153 1.0169 0.8329 0.8335 Sterling pound 1.9467 1.9490 1.5970 1.5975
      154 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jul 7 Index Change Change Change Change Change Change World Index Preliminary 927.7 0.6 3.3 0.2 0.8 0.7 5.5 ‡EAFE Preliminary 796.0 0.4 -0.6 0.0 -1.1 0.5 3.6 Europe Preliminary 1180.6 0.7
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      Lock icon LIFFE
      82 27 Jul 7 COCOA (£/tonne) Close Prev High/Low Jul 11 1984 1981 1985/1941 Sep 11 2013 2010 2019/1964 Dec 11 2038 2033 2040/1991 Mar 12 2055 2047 2059/2013 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2423 2424 2424/2416 Sep 11 2463 2466 2482/2441 Nov 11 2491 2494 2508/2476 Jan 12
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      Lock icon PALM OIL
      67 27 Jul 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3100 3080 3100 3080 195 1714 Aug 11 3105 3085 3115 3077 1083 ***** Sep 11 3100 3077 3110 3073 ***** ***** Oct 11 3102 3078
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      Lock icon CHICAGO BOT
      93 27 Jul 7 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 11 1345.*****1.*****0.*****1.25 Aug 11 1340.*****2.*****4.*****1.00 Sep 11 1337.*****6.*****9.*****6.25 Nov 11 1337.*****8.*****1.*****6.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jul 11 56.47 55.27 56.54 55.20 Aug 11 56.61 55.43 56.71 55.31 Sep 11 56.84 55.64 56.95
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      Lock icon SMX MARKET UPDATE
      61 27 As on 7 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1531.8 1522.4 1527.2 1516.2 CURRENCY Euro-US Dollar Sep-11 1.4338 1.4193 1.4334 1.4285 Aust-US Dollar Sep-11 1.0656 1.0655 1.0656
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      Lock icon LONDON METALS
      72 27 Jul 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2561.50 2524.75 3 months 2591.00 2556.00 Copper, Grade A (US$/tonne) Cash 9724.00 9503.00 3 months 9740.00 9521.00 Lead (US$/tonne) Cash 2712.50 2689.50 3 months 2721.00 2700.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Taking knowledge to the next level
      1305 28  -  Historical anecdotes about the dynamics of shifting knowledge hubs along the Malacca Straits is essential for Singapore’s survival and growth as a modern city By Thomas Menkhoff The writer is an associate professor of organisational behaviour and human resources from the Lee Kong Chian
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      Lock icon Cloud nine for some perhaps – but cloudcuckoo-land for me
      847 29  - Cloud nine for some perhaps but cloud-cuckoo-land for me David Mason ~The writer was a partner with Price Waterhouse Singapore for 18 years. He left to run his own consultancy in business communications in the UK. He spends several months a year with clients in Singapore. Email: david.mason 466@btinternet.com FACEBOOK
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Rally seen in Chinese equities
        1245 30/31  -  Permal Asset Management is positioned for a rally in the third quarter, with returns expected to reach 15-20 per cent. By Genevieve Cua By Genevieve Cua ~gen@sph.com.sg THE Chinese equity market is set for a “very strong rally” in the third quarter, when returns could
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      • BROKERS' TAKE
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          Lock icon Wing Tai Holdings
          269 30/31 Buy Kim Eng Holdings July 8 Close: $1.51 The unit at Le Nouvel Ardmore has been sold to a company owned by Cheng Wai Kin, the brother of Wing Tai chairman Cheng Wai Keung. Without disclosure of the actual unit size, we estimate that the price works
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          Lock icon Armstrong Industrial
          222 30/31  -  Neutral CIMB Research July 8 Close: $0.33 Compiled by Jamie Lee Our recent meetings with Armstrong suggest that business had bottomed out in early Q2 2011, with sales for most segments picking up. However, margins are still being affected by US dollar weakness and high raw-material prices. We
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          Lock icon Glossary:
          135 30/31 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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        Lock icon Hedge fund start-ups help seeding funds stage recovery
        1105 32  -  But it’s hard to find great investment plans. By Julie Creswell, Azam Ahmed NYT FAR from Wall Street, few have ever heard of Robert Discolo. But in the world of hedge funds, Mr Discolo is one popular guy. He oversees a seeding
        NYT; AP  -  1,105 words
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        Lock icon Bigger investing breaks might lie overseas
        725 33  -  Of the seven markets looked at, S’pore has the lowest average return for its top performing stocks show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder THE half year mark for 2011 has just gone past. How
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        Lock icon The best markets for stock picking
        725 33 Top 20 performing stocks in various markets in the last 10 years JAKARTA market cap (S$m) 10-year annualised total return UNITED TRACTORS 13,623.1 57.9 HEXINDO ADIPERKA 950.4 55.8 SUMMARECON AGUNG 1,122.2 54.8 ASTRA INTERNATIO 39,311.5 46.8 BANK CENTRAL ASI 28,425.7 44.8 INTL NICKEL IN
        725 words
    • WEALTH REAL ESTATE
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      26 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, Fax
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      57 1 LivingTHEBUSINESSTIMESWEEKEND|JULY9-*****1BTTHE BUSINESS TIMES WEEKEND JULY 9-10 2011 DINING Bayside rendezvous L5-6 ORIGINAL'S IN The world of highly specialised travel packages GADGETS Android state of play L16 DREAMSCAPE JOURNEYS GOLF SPECIAL Guide to what's on and what's hot L7-14 HEALTH Are you sleeping enough? L17 SPORT Edwin van der Sar L18
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  • BT Living
    • TRAVEL
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        Lock icon ORIGINAL’S IN
        2963 2/3  -  To suit an increasingly sophisticated travel market, local companies are dedicating themselves to programmes that offer highly specialised experiences think trips where you can rub shoulders with your sports heroes, go canyoning in Nepal, pick up personal styling tips…or even blast off into space. By Audrey Phoon aphoon@sph.com.sg
        JOHN HENG  -  2,963 words
    • DINING
      • Article, Illustration
        Lock icon Bayside rendezvous
        1141 5  -  A bar-and-grill conceived as a modern take on the traditional All-American backyard cookout and a chi-chi waterfront bar-and-restaurant are good reasons to chill out for Marina Bay-watchers. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg Sauce Esplanade Mall, 8 Raffles Avenue, #01-10/12 Z 6837-2959 www.saucebar.com.sg Opening hours: 5 to
        FOOD PHOTOS: ARTHUR LEE  -  1,141 words
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        Lock icon THEME WORK
        903 15  -  An all-Mediterranean food court, a contest that pits six ramen shops against each other F&B operators are raising the stakes with creatively packaged dining concepts. By Tan Teck Heng By Tan Teck Heng thtan@sph.com.sg MEDZS 181 Orchard Road Orchard Central #B2-01/03 IF YOU’RE a food court operator and
        903 words
    • GOLF SPECIAL
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        Lock icon GOLF SPECIAL
        1333 7  -  THE FAMED COURSES AT ST ANDREW’S ARE A GOLFER’S DELIGHT. BY DARRYL WEE BY DARRYL WEE btnews@sph.com.sg even before I picked up the sport, I had heard of the Old Course at St Andrews, and how avid golfers make their pilgrimage to this holy land of golf. So,
        DARRYL WEE; PHOTOS BY DARRYL WEE  -  1,333 words
      • Article
        Lock icon How to make a golf club tick
        539 10  -  IN RECENT YEARS CLUB MANAGERS HAVE BEEN CHALLENGED MORE THAN EVER. BY CHRISTOPHER CAIN ~The writer is director, PGA Golf Management Program what makes a golf club successful? The American example is instructive. The US golf industry, which relies solely on the consumer’s
        539 words
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        Lock icon Raffles Country Club gets a facelift
        262 10 GOLF clubs are increasingly challenged to operate a profitable business in an uncertain economic climate. To do this, many clubs realise that besides good golf courses, they also have to focus on creating an inviting environment for their members and guests. One club which
        262 words
      • Article, Illustration
        Lock icon up for grabs
        1337 12  -  A HOST OF TOP GOLFERS WILL BE VYING FOR THE OPEN CHAMPIONSHIP. BY JUSTINE MOSS BY JUSTINE MOSS btnews@sph.com.sg when this year’s 151st Open Championship gets underway next week on the Royal St Georges course, the majority of golfing pundits and fans will no doubt be wondering
        PHOTOS: AP, AFP; ASIAN TOUR; PHOTOS: AFP, AP  -  1,337 words
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        Lock icon Membership prices remain flat
        809 14  -  MEMBERSHIPS OF CLUBS WHICH ATTRACT LESS ‘PRICE SENSITIVE’ OR ‘INCOME SENSITIVE’ BUYERS WILL TEND TO REMAIN MORE BUOYANT. BY VEN SREENIVASAN BY VEN SREENIVASAN ven@sph.com.sg prices of Singapore golf club memberships have largely flattened out, and in some cases softened for the first time since late
        FILE PHOTO; Compiled by BT  -  809 words
    • GADGETS
      • Article, Illustration
        Lock icon Android state of play
        790 16  -  Dual-core processor chips have changed the smartphone user experience radically but not all Google Androids are created equal. Shades of differences can tot up a big difference. By Christopher Lim limchris@sph.com.sg Motorola Atrix ($988 without plan and with HD Multimedia Dock; $1,288 without plan and with
        790 words
    • HEALTH
      • Article, Illustration
        Lock icon Sleeping your way to better health
        1041 17  -  Think it’s all right to get by on just four to five hours of sleep a day? Be warned that medical research does not support that view. By Michael Lim view.By Michael Lim btnews@sph.com.sg THERE are people who tell me that they make do
        FILE PHOTO  -  1,041 words
    • SPORT
      • Article, Illustration
        Lock icon Consummate keeper
        721 18  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor RECENTLY retired Manchester United goalkeeper Edwin van der Sar is as calm, cool and collected off the pitch as he is on it. Nothing seems to faze this 40-year-old Dutch giant, who earned the nickname “Van der Save” after
        721 words
      • Article
        Lock icon Testing the limits of human endurance
        493 18  -  pedal power with colette wong colette wong I DON’T speak French, never have and I presume I never will. Like many people, though, I do know a few essential words: fromage, escargot, vin, foie gras are perhaps most used. But thanks to the Tour
        493 words
    • MOTORING
      • Article, Illustration
        Lock icon THE MMMM FACTOR
        664 19  -  The BMW 1 Series M Coupé may be ‘short and wide’ but that happens to be its best attribute. By Samuel Ee samuelee@sph.com.sg ‘SHORT and wide’ is not normally considered to be a flattering description of either cars or humans but when it comes to the BMW
        664 words
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        Lock icon Pace with space
        311 20  -  The FF, Ferrari’s most radical road car with four seats, is in town for a preview. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE Ferrari FF has arrived for a preview. The Italian super sports car maker’s most radical road car with four seats and four-wheel-drive has
        311 words
      • Article, Illustration
        Lock icon Light and faster
        515 20  -  By CY Chew btnews@sph.com.sg MASERATI has always been the Nicky Hilton of the automotive world glamorous in her own right by always taking a back seat to sister Ferrari as part of the Fiat Automotive group. With the GranTurismo MC Stradale Maserati’s sportiest model in its current
        515 words
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      800 6 wine&dine with BTWeekend Mandarin Court Mandarin Orchard Singapore, Level 35 333 Orchard Road Z6831-6288 Ascend 35 storeys of the Orchard Wing and arrive in style at Mandarin Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in Executive Chinese Chef Sunny Kong’s signature dishes such as classic Peking duck,
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      178 7 day in your own private paradise. Just another day in Jurong Country Club. -sSv.f -t -4* T- WW t» 1 Membership is now open, for a select ft What is paradise? It's teeing off on a picturesque l8-hole Par 72 course that has hosted prestigious events like the Singapore Open
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      58 8 5W/NG PERFECTION r Technology has a part to play in the game of golf and at Swing Perfection, we embrace this to enhance your game. Review your swing with our swing analyzers and shot data. Feel the difference with minute changes to your swing. THE COMPLETE INDOOR GOLF EXPERIENCE KILLINEY
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      307 9 SIVE INVITATION OF SINGAPORE GOLF CLUBS GOLF VACATIO INI S Now you can receive your complimentary subscription of the world's leading luxury golf magazine by completing the subscription form below. This complimentary subscription is only valid for existing members of golf clubs in Singapore and will be continued on an
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      124 10 Top Putter Craftmanship Award GOLF Choices for Best of 2010 x EVERYTHING 1 1 i' ,< i 10'" Fitting line, speed and everything in between Money back guarantee if you do not see improvements with your new Edel putter.* Custom fitting the right Edel putter begins with a basic but
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      160 11 PERF I f zo. 'f m o m *> yMXAUst: L, 1 Titleist Brand Ambassador Rory Mcllroy, trusting the Pro Vlx™ golf ball and a complete bag of Titleist equipment, made his first career major a historic one. Rory rewrote the U.S. Open record book en route to a wire-to-wire,
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      32 14 MATS CLASSIFIED Draw attention to your home with some new drapes. To find out more, turn to CLASS 94 in CATS Classified in The Straits Times now. BUY IT-SELL IT* FIND IT
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