The Business Times, 6 August 2011

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Microfilm: NL31591
Total Pages: 48
1 20 The Business Times
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  • TOP STORIES
    • Article
      Lock icon PTC gives nod for net 1% hike in bus, train fares
      856 2  -  By Samuel Ee samuelee@sph.com.sg Singapore THE Public Transport Council (PTC) has allowed an overall net fare adjustment of one per cent, and operators SBS Transit and SMRT can expect a combined increase in annual revenue of $15 million. From
      856 words
    • Article
      Lock icon MARKETS
      140 2 H STI 2,994.78 (-112.23) H STI FUTURES 2,978 (-98) H SIMSCI 345.45 (-14.76) H SIMSCI FUTURES 343.90 (-11.40) STOCKS Friday Change KL COMP 1,524.43 -22.46 NIKKEI 225 9,299.88 -359.30 HANG SENG 20,946.14 -938.60 SET 1,093.38 -30.63 JAKARTA 3,921.64 -200.44 MANILA 4,437.55 -63.98 KOSPI 1,943.75 -74.72 SHENZHEN B 711.80 -22.46
      140 words
    • Article
      Lock icon SMRT raises off-peak discount and duration
      426 2  -  By Nisha Ramchandani nishar@sph.com.sg Singapore TO ease loads on its trains during morning peak hours, SMRT is giving its morning off-peak travel discount scheme a boost from Oct 8. Commuters who exit from selected stations within the city area during those designated hours will
      426 words
    • Article, Illustration
      Lock icon Cash is only defence now, says fund manager
      476 4  -  Investment markets threatened by govts that have run out of policy options By Siow Li Sen lisen@sph.com.sg Singapore CASH is the only defence, says Tan Teng Boo, founder of independent fund manager Capital Dynamics. “And my cash position is 50-55 per cent.”
      FILE PHOTO  -  476 words
    • Article
      Lock icon Tiger Australia to remain grounded till Aug 11
      443 6  -  Aviation authority pushes court hearing of its flight suspension to next week By Ven Sreenivasan ven@sph.com.sg Singapore TIGER Airways Australia will remain grounded until Aug 11 following the Australian aviation safety authority’s decision to postpone the court hearing of the airline’s flight
      443 words
    • Article
      Lock icon July payrolls rise more than forecast
      555 6 Slightly lower jobless rate and higher wages also ease concern about the economy latest us data| Bloomberg Washington EMPLOYERS added more jobs than forecast in July, the jobless rate fell and wages climbed, easing concern the US economy is grinding to a halt. Stock
      Bloomberg  -  555 words
    • Article
      Lock icon Temasek, Oppenheimer join hands
      249 6  -  By Emilyn Yap emilyny@sph.com.sg Singapore TEMASEK Holdings is partnering the investment holding company of the Oppenheimer family to set up a US$300 million vehicle investing in African businesses, mainly in the consumer and agriculture sectors. Tana Africa Capital is a 50:50 joint venture between E Oppenheimer
      249 words
    • Article, Illustration
      Lock icon Future of construction is in pre-cast methods
      1092 8  -  Aussie entrepreneur makes a splash with his prefab building modules complete with all amenities By Neena Bhandari btworld@sph.com.sg Sydney TOM Lane has combined his childhood fascination with building blocks and savvy business acumen to establish Quicksmart Homes, that designs, manufactures and supplies prefabricated
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      Lock icon Page 2 Advertisements Column 1
      63 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 30-31 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Style L2-5 Dining L6-9 Gadgets L10-11 Destination Dining L12
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      116 3 CORUM LA CHAUX-DE-FONDS SUISSE k\ 1 f v y i A > t. ft J £2 'V t; v V S\.\\V* ilyl \v iw V ADMIRAL'S CUP SEAFENDER Diver's chronograph, grade 5 titanium case water-resistant to 300 meters. CORUM automatic movement chronometercertified (COSC). CORTINA WATCH ESPACE Millenia Walk Tel: 6339
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      180 5 Although Pauline was brought up to dwell in the sciences and eventually become the General Manager of Singapore's largest pharmacy chain, it never hindered her interest in the arts. But as she began traveling widely for work, she often wondered what being Singaporean meant to her. So as she began
      180 words
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      137 7 STRAITS TIMES. Print. \< Z\ Online. f-i v' A I 1 m <L<Now, your favourite paper comes in a new App that brings you the full print edition*. st Free Trial Valid from now till 7 Sept 2011 Download at App store now. 3 iPad. Features include: Full breaking news
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK AugUSt 1-5, 2011
      • Article
        Lock icon Reality bites for this year’s new listings
        50 9 MOSTof thisyear’s initial public offerings (IPOs) are trading below their offer prices, and even those which are still above water appear to be losing grip. In the first seven months of this year, there have been 12 new listings on the Singapore Exchange.
        50 words
      • Article
        Lock icon Five analysts take on the market – and win
        57 9 Five analysts take on the market and win LAST year, the markets might have put the worst of the recession behind them, but the spectre of a double dip loomed large and long. Five analysts, however, managed to carve out their respective niches of sanity in a time when fear
        57 words
      • Article, Illustration
        Lock icon US debt deal averts disaster, draws flak
        91 9 AS the US hugged the brink of financial default over the weekend, crisis was averted or postponed with a last-minute deal that promised to lift the debt ceiling and lower spending. On Sunday night, lawmakers agreed to a two-stage package that will cut
        AFP  -  91 words
      • Article
        Lock icon S’pore stays the course on fundamentals: PM
        68 9 SINGAPORE will not swerve from its focus on economic development and will remain open to global capital and talent, Prime Minister Lee Hsien Loong said last night. To the many who have asked since the May general election if Singapore will be changing
        68 words
      • Article
        Lock icon Relief gives way to dread as sharp slowdown looms
        57 9 THE euphoria was short-lived. Relief that the United States would not default on its debt was swiftly replaced by fears of a deepening slowdown in the world’s largest economy and Asian stock markets tumbled. Reversing Monday’s gains, the Straits Times Index
        57 words
      • Article
        Lock icon ‘Frail victim’ is a wily trader, claims Citi
        83 9 CITIGROUP Singapore, which was accused of giving negligent advice that cost an Indonesian textile businessman US$16.56 million (S$19.9 million) in investment losses, says he is not as his lawyers portray, a “frail and defenceless victim with limited knowledge of financial matters”. Instead,
        83 words
      • Article
        Lock icon Trick or treat? Firms fret over UK’s bribery law
        60 9 THE harsh new anti-bribery laws in the United Kingdom kicked in last month, but several Singapore firms are still working out if they could be in for nasty surprises. The biggest question mark is over the interpretation of hospitality expenses a
        60 words
      • Article
        Lock icon Presidential poll on Aug 27 against economic uncertainty
        48 9 SINGAPOREANS could head for the ballot boxes again this year on Aug 27 this time, to elect their next president in arguably the most-watched race in history for the state’s highest office. The day has been declared a public holiday.
        48 words
      • Article
        Lock icon Double-dip fears return to haunt the markets
        74 9 GLOBAL equity markets lurched sharply lower on Thursday as fears mount that the US and Europe could be hit by a double-dip recession next year, accompanied by a sharp slowdown in Asia and other emerging markets. Reflecting the general nervousness, New York stocks
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      • Article
        Lock icon Banks ease up on hiring despite hype
        45 9 SEVERAL global banks have announced job cuts, but their Singapore branches say they are still expanding. Recruiters, however, have told BT that there are no clear signs that the Singapore branches have expanded their numbers significantly this year.
        45 words
      • Article
        Lock icon OCBC Q2 earnings up 15% at $577m
        63 9 OCBC Bank on Thursday posted a 15 per cent rise in second-quarter net profit to $577 million on strong loan growth and higher fee income from trade related and wealth management activities. Yet, it did not meet expectations as net interest margin slide
        63 words
    • Article
      Lock icon NEXT WEEK Aug 8-12, 2011
      77 9 US DATA Aug 9 Q2 unit labour costs FOMC rate decision Aug 10 MBA mortgage index Wholesale inventories SINGAPORE DATA Aug 8 July foreign reserves Q2 balance of payments Aug 10 Q2 GDP final EVENTS Aug 8 Bank of Japan publishes monthly report Aug 10
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      324 9 CRYPTIC CROSSWORD Across 1 Police dog out quietly playing with President (8) 6 Guard dog —-watch out! (6) 9 He takes charge temporarily, for example, during gap (6) 10 Preacher has spoken in some obscurity (8) 11 Associates with swindling types? (8) 12 Having one’s own transport somewhere in Alabama?
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      9 9 SATURDAY with Ludwig ‘Now, that’s a lot of bull...’
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon All in her stride
      2110 10/11  -  Brilliant corporate lawyer, sought-after board director, well-respected corporate governance advocate, loving mother and wife, Stamford Law’s Lee Suet Fern manages to achieve it all with a spirited attitude towards life. By Michelle Quah life.By Michelle Quah michquah@sph.com.sg LEE Suet Fern’s formidable intellect and resume would be
      ARTHUR LEE  -  2,110 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Higher fair value gains boost SingLand Q2 profit
      725 12  -  Strong showing helps parent UIC post a 23% increase in earnings By Kalpana Rashiwala kalpana@sph.com.sg Singapore HELPED by higher fair value gains on investment properties on the back of rising office capital values, Singapore Land’s net profit soared to $273.3 million for
      725 words
    • Article
      Lock icon LMIR Trust’s Q2 DPU rises 4.9%
      372 12  -  By Kelly Tay kellytay@sph.com.sg Singapore LIPPO-MAPLETREE Indonesia Retail Trust (LMIR Trust) has announced a distribution per unit (DPU) of 1.09 cents for the second quarter ended June 30, 2011, up 4.9 per cent from 1.04 cents a year ago. Distributable income for the period
      372 words
    • Article, Illustration
      Lock icon DBS institutional banking chief honoured
      310 12  -  By Siow Li Sen lisen@sph.com.sg Singapore JEANETTE Wong, head of DBS Bank’sinstitutionalbankingbusiness, has been named one of the top 20 women in Asia’s financial sector by FinanceAsia magazine. Ms Wong, who took the helm at DBS’s institutional banking group (IBG) in August 2008, after five
      310 words
    • Article
      Lock icon Sheng Siong aims to raise $62.6m in IPO
      572 13  -  Offer of 351.5m new and vendor shares at 33 cents apiece By Mindy Tan tanmindy@sph.com.sg Singapore GROCERY retail chain Sheng Siong Group has launched its initial public offering (IPO) for a Singapore Exchange mainboard listing. The group, which is geared up for
      572 words
    • Article
      Lock icon Ezion Q2 net profit rises 3.6% to US$12.21m
      322 13  -  By Kelly Tay kellytay@sph.com.sg Singapore MAINBOARD-LISTED marine logistics firm Ezion Holdings yesterday posted a 3.6 per cent increase in second-quarter net profit, from US$11.79 million to US$12.21 million, for the three months ended June 30, 2011. This was driven by additional contributions
      322 words
    • Article, Illustration
      Lock icon NATIONAL DAY 2011
      323 13 Jointly brought to you by The Business Times and The world today is marked by advances in science and technology that were unimaginable in the past. I now have computing power in the palm of my hand that is far superior to my university’s computer centre some
      323 words
    • Article, Illustration
      Lock icon Stocks plunge on worries over Western markets
      613 14  -  STI collapses by 3.75%, its fourth consecutive loss this week stocks R Sivanithy sivan@sph.com.sg Senior correspondent THE Straits Times Index (STI) yesterday collapsed by 112.23 points or 3.75 per cent at 2,994.78, its fourth consecutive loss this week after the index had smashed
      613 words
    • Article
      Lock icon At a glance
      317 14 At a glance 3 months ended June 2011 6 months ended June 2011 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Prudential 1700.48 872.95 94.8 *****.93 *****.08 26.8 2 Spore Land 322.12
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    • Article
      Lock icon TOP 20 ACTIVES
      112 14 VOL CLOSE GoldenAgri 186,549 67.5 -3.5 -4.9 GentingSP 161,601 178 -7.5 -4.0 Digiland 161,351 0.2 0.0 0.0 NobleGrp 92,985 162.5 -12.0 -6.9 MDR 79,643 0.6 0.0 0.0 SingTel 72,474 306 -26.0 -7.8 Kyodo-All 54,721 22.5 -3.5 -13.5 TopGlobalW*****9 53,281 0.5 -0.1 -16.7 HPHTrust US$ 53,129 75 0.6
      112 words
    • Article
      Lock icon TOP GAINERS
      60 14 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 715.7 3.4 DBXT S&P Short 10US$ 4614 264.7 4.9 GLD 10US$ ***** 97.6 0.5 SIMSCI365MBePW*****0 58.5 19.5 50.0 STI 3150 DBePW*****1 37.5 14.0 59.6 STI 3100BPePW*****9 36 12.5 53.2 STI 3050BNPePW*****1 18.9 10.2 117.2 HsuFuChi 410 10.0 2.5 STI
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    • Article
      Lock icon TOP LOSERS
      65 14 BY CENTS CLOSEDOWN Lyxor AsiaCS 10US$ 5230 -5013 -44.0 DBXT AUDMM 5US$ ***** -1350 -5.1 DBXT Nifty 10US$ ***** -778.2 -5.1 IS S&P500 ***** -766.0 -5.0 DBXT AUDMM 5SG$ ***** -733.0 -2.8 IS DJ US Tech 6146 -526.9 -6.6 DBXT E50 10US$ 3726 -408.6 -8.2 DBXT MSUSA 10US$
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    • Article
      Lock icon STI STOCKS
      112 14 Stock name Close Change CapMallsAsia 1.280 -0.050 CapitaLand 2.670 -0.130 CapitaMall 1.840 -0.060 CityDev 10.090 -0.220 ComfortDelGro 1.360 -0.035 DBS Grp 14.530 -0.600 F&N 5.630 -0.210 GLP 1.930 -0.060 Genting SP 1.780 -0.075 Golden Agri 0.675 -0.035 HK Land 6.520 -0.280 JMH 53.210 -0.350 JSH 30.200 -0.840 Jardine
      112 words
    • Article
      Lock icon China Aviation Oil (S) selling fuel to airlines
      412 15  -  It strikes deals with Hainan Airlines and Turkish Airlines By Ronnie Lim ronnie@sph.com.sg Singapore IN a bid to grow another new revenue stream, China Aviation Oil Singapore (CAOS) which has branched into oil trading from its core business of supplying jet fuel
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    • Business briefing
      • Article
        Lock icon Heng Long substantial shareholders still in talks
        91 15 HENG Long International said its substantial shareholders, who had been approached with a non-bind-ing expression of interest in a possible transaction which may or may not lead to an offer for the company or its business, are still in talks. “The board wishes
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      • Article
        Lock icon Aspial plans one-for-one bonus share issue
        106 15 ASPIAL Corporation said that it is planning a one-for-one bonus share issue of up to 505.84 million new shares. The plan is subject to the approval of shareholders and the Singapore Exchange. The group also posted net profit of $19.6 million for the first
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      695 15 FAR EAST GROUP LIMITED (Incorporated in the Republic of Singapore on 18 March 1964) (Company Registration Number: *****0096C) Placement of 18,800,000 New Shares by way of placement, at S$0.27 per Share, payable in full on application. APPLICATION RESULTS The Board of Directors of Far East Group Limited (the “Company”) is
      695 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Because CSR is worth it
      781 16  -  Businesses that have adopted strong corporate social responsibility policies and approaches have gained in credibility, customer satisfaction and employee morale from the desk of Christopher Neo Managing Director L’Oréal Singapore TODAY, as more companies undertake corporate social responsibility (CSR), the focus falls upon the approach
      781 words
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  • SINGAPORE
    • Article
      Lock icon The president’s role and powers: Shanmugam
      641 17  -  He represents the whole country, is above the fray on political issues, acts on Cabinet’s advice, exercises ‘soft power’ By Teh Shi Ning tshining@sph.com.sg THE elected president cannot publicly challenge the government without acting against the Constitution, Law and Foreign Affairs Minister K Shanmugam
      641 words
    • Article, Illustration
      Lock icon Kuan aims to be a ‘people’s president’
      482 17  -  By Lee U-Wen leeuwen@sph.com.sg FORMER JTC Corporation group chief financial officer Andrew Kuan says he looks forward to serving Singapore as a “people’s president” if he is elected later this month. The 57-year-old businessman is ready to share with the government “the unfiltered
      MUGILAN RAJASEGERAN/THE STRAITS TIMES  -  482 words
    • Article, Illustration
      Lock icon Hearing on True Spa liquidation adjourned
      511 18  -  High Court judge warns defendant to get its act together in a compensation case brought by former customers By Grace Leong gleong@sph.com.sg EMBATTLED spa chain True Spa Pte Ltd has managed to stave off forced liquidation for another month, but was warned yesterday by
      FILE PHOTO  -  511 words
    • Article
      Lock icon Putting S’poreans first
      174 18 NATIONAL Trades Union Congress (NTUC) unionist Patrick Tay yesterday raised two suggestions for a “Singaporeans first” employment strategy. Channel NewsAsia reported that there could be a dependency ratio for hiring professionals, managers and executives (PMEs), similar to what is now in place to hire work permit holders.
      174 words
    • Article
      Lock icon BCA issues record number of scholarships
      269 18  -  By Michelle Yeo yeomich@sph.com.sg A RECORD number of scholarships were given away by the Building and Construction Authority yesterday even as it launched a new Apprenticeship Programme. Launched in 1993 by BCA, the BCA-Industry Built Environment Scholarship Programme is a partnership between BCA and
      269 words
    • Article
      Lock icon Feedback on advisory invited
      210 18 A PUBLIC consultation to seek feedback on the updated Tripartite Advisory on Responsible Outsourcing Practices was launched yesterday. Among its suggestions, the advisory recommends that service buyers specify that providers must comply with Singapore’s employment laws. In addition, buyers should award service contracts based on servicelevel
      210 words
  • Page 17 Advertisements
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      182 17 FLIGHT CENTRE I Red Hot Airfares I Amazing Holidays I San Francisco i»/u »j,40U' _yjts"r Travel restriction and conditions apply. Offers and flights are subject to availability. ADDITIONAL AIRFARE TAXES $73 $878. Prices are per person in SGD, exclude taxes subject to availability. Prices are correct at time of print
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      500 18 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MULTI-ARC SCIENTIFIC COATING (S) PTE. LTD. (In Members’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company be convened at 1 Kaki Bukit Road 1, #02-47 Enterprise One Singapore
      500 words
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  • WORLD
    • Article, Illustration
      Lock icon European leaders compelled to act as crisis grows
      610 19 US jobs data spells reprieve for embattled markets Reuters Brussels EUROPEAN leaders came under heavy pressure on Friday to take decisive action to stop a spiralling debt crisis, while robust US jobs data brought some relief to battered world markets. Fears of
      Reuters; BLOOMBERG  -  610 words
    • Article
      Lock icon Japan signals readiness to intervene again
      469 19 Reuters Tokyo JAPAN’S finance minister said he was closely watching yen moves yesterday, signalling a readiness to continue selling the currency after intervention on Thursday that likely totalled a record amount of around 4.5 trillion yen (S$69 billion). Japanese authorities intervened on Thursday and
      Reuters  -  469 words
    • Article
      Lock icon S&P confirms Ireland’s investment grade
      341 19 Reuters Dublin STANDARD Poor’s (S&P) confirmed Ireland’s invest-ment-grade rating yesterday, weeks after rival credit agency Moody’s cut it to junk, and signalled Dublin might be able to return to debt markets in late 2013. But as concerns mount over the capacity of eurozone policymakers to
      Reuters  -  341 words
    • Article
      Lock icon China’s July inflation may have hit 3-yr high
      633 20 Food costs continue to spiral upward; non-food inflation also picks up HKEJ Hong Kong CHINA’S inflation may have climbed to a fresh three-year high in July as food costs continued to spiral upward and non-food inflation also picked up despite Beijing’s efforts
      HKEJ  -  633 words
    • Article, Illustration
      Lock icon Thailand gets first female PM
      456 20 She will face the challenge of bringing stability to the country AFP Bangkok YINGLUCK Shinawatra became politically turbulent Thailand’s first female prime minister yesterday after parliament endorsed her crushing election victory. Political novice Ms Yingluck, the sister of ousted former leader Thaksin Shinawatra, gained support
      AFP; AP  -  456 words
    • Article, Illustration
      Lock icon Korea state fund steps in to halt stock sell-off
      424 21 It moves to buy shares as financial officials prepare for talks tomorrow Reuters Seoul SOUTH Korea’s US$300 billion state pension fund, the world’s fourth-largest, muscled its way into markets yesterday to buy shares in a bid to stem a sell-off that
      Reuters; REUTERS  -  424 words
    • Article
      Lock icon Greece, Ireland push RBS to £678m loss
      212 21 Reuters London ROYAL Bank of Scotland (RBS) slid to a pretax loss of £678 million (S$1.35 billion) in the second quarter, bruised by writedowns on Greek government bonds and Irish customers struggling to repay loans. Shares in the bank 83 per cent owned
      Reuters  -  212 words
    • Article
      Lock icon Indonesia economy grows 6.49% in Q2 on rising exports
      665 21 AFP Bloomberg Jakarta INDONESIA said yesterday its economy grew 6.49 per cent year on year in the three months to June thanks to rising exports, investment and strong domestic consumption. The second-quarter data for South-east Asia’s largest economy follows a 6.50
      AFP; Bloomberg  -  665 words
    • Article
      Lock icon Aussie central bank cuts 2011 growth forecast
      532 22 Bank warns that the coal industry’s recovery from floods is slower than hoped AFP Sydney AUSTRALIA’S central bank slashed its 2011 growth forecast yesterday from 4.25 per cent to 3.25 per cent, warning the coal industry’s recovery from floods was slower than hoped
      AFP  -  532 words
    • Article, Illustration
      Lock icon Untangling paradoxes helps to give true picture
      681 22 AFP Paris FOR the average observer, the unfolding world economic crisis offers some bewildering paradoxes: untangling them, however, helps to give a clearer picture of the true state of play. The eurozone may be in crisis but the euro remains strong. Ratings agencies,
      AFP  -  681 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      60 20 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE M SURANCE FIRMS ARE ONTO YO i I 4J F1 INFIGHTING EPICS PEUGEOT 508 vs CITROEN C5vs VOLVO S60. NEW BENTLEY CONTINENTAL GT m0 -BENOM PEXfORMANCE J EXTREME LUXURY TORQUE ON THE MOVE IS HAPPENING ON AUGUST 20. SIGN UP FOR THIS EXCITING MOTORING TELEMATCH
      60 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      43 22 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! FederalExpresshasapositionopenfora Global Account Manager, Asia Pacific GEAviationhasavacancyfora Materials Management Executive/ Specialist ConradCentennialSingaporeis recruitinga Director of Sales (MICE) People'sAssociationishiringa Head (Corporate Finance) WorldClassLandislookingfora Customer Service Manager
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  • SGX
    • Article
      Lock icon SGX CATALIST
      10253 26 Transaction date: Aug 5 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High LowCompany Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 13.2 8Telecom 14.8 12.8 15.3 7.8 4.1 3.1 70.9 12 4.5 A-Sonic 6.2 -0.4 244 6.2 6.2 6.1 6.4 2.1 2.3
      10,253 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 16 1 0 0 0 0 16 1 Manufacturing 9 155 19 2 13 6 11 168 25 Commerce 3 54 11 0 11 1 3 65 12 Tpt/Stor/Comms 4 40 1
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      840 26 For week beginning Aug 1 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) CMZ Hldgs Ltd 4-Aug-11 Shao Kesheng *Buy 1507 0.19 *****8 64.98 *****5 65.49 MDR Ltd 3-Aug-11 Mah
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN SDQ TOTAL Multi Ind 76,637 76,637 221,825 221,825 Manufacturing 430,016 52,218 482,234 470,285 1,626 471,911 Commerce 403,313 19,992 423,305 280,726 1,799 282,526 Tpt/Stor/Comms 370,330 10,775 381,105 601,851 1,477 603,328 Finance 44,758 644 45,402 444,338 125 444,463 Construction 86,764 56,814
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  • MARKETS
    • Article
      Lock icon OIL
      75 27 Aug 4 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 110.80 -3.27 WTI (Near Mth) 86.80 -4.89 Dubai (1-Mth F) 107.49 -2.55 Tapis blend 117.68 -3.00 Minas 113.68 -3.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.28 -1.83 Jet Kerosene 127.85 -1.95 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Aug 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.321 1.247 Can dollar 1.271 1.223 Euro 1.756 1.689 Sterling pound 2.024 1.947 NZ dollar 1.046 0.997 US dollar 1.239 1.192 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      83 27 Aug 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 03.11.2011 0.20 0.13 0.13 1-Year BY*****X 02.05.2012 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.93 104.06 104 5-Year N*****0W 1.125 01.04.2016 102.62
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      59 27 As on 4 August 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 CURRENCY Euro-US Dollar Sep-11 1.4315 1.42 1.4225 1.4265 Euro-US Dollar Cash Sep-11 1.4308 1.41 1.4152 1.4301 Aust-US Dollar Sep-11 1.0641 1.0505 1.052 1.063
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Aug 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2780 1.2787 1.0478 1.0482 Canadian dollar 1.2468 1.2479 1.0222 1.0229 Euro 1.7270 1.7276 1.4159 1.4162 NZ dollar 1.0213 1.0219 0.8373 0.8377 Sterling pound 1.9860 1.9867 1.6283 1.6286
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      Lock icon STOCK MARKETS
      90 27 YTD change: -6.12% 52-week high: 3,313.61 on Nov9,2010 52-week low: 2,910.21 on Aug 25,2010 Source: Bloomberg YTD change: -9.07% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 20,372.20 on Aug 31,2010 Source: Bloomberg YTD change:-1.67% 52-week high: 12,876.00 on May 2,2011 52-week low: 9,936.62 on Aug 27,2010 (Chart
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      Lock icon METALS
      66 27 Aug 5 GOLD (US$/oz) Aug 04 Aug 05 Hong Kong 1662.*****7.50 Aug 03 Aug 04 London 1666.*****8.03 1667.*****8.87 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 48.15 47.74 Source: UOB PLATINUM Lon (US$/oz) Aug 04 Close Previous PM Fix 1753.*****2.00 AM Fix 1757.*****6.00 Source: Thomson Reuters PLATINUM NYMEX
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 4 Index Change Change Change Change Change Change World Index Preliminary 833.8 -2.9 -7.1 -2.7 -9.5 -3.5 -4.8 ‡EAFE Preliminary 709.2 -2.5 -11.4 -2.9 -11.3 -3.7 -6.7 Europe Preliminary 1017.7 -3.6
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      Lock icon LIFFE
      82 27 Aug 4 COCOA (£/tonne) Close Prev High/Low Sep 11 1833 1836 1855/1831 Dec 11 1864 unch 1881/1861 Mar 12 1883 1882 1897/1879 May 12 1896 1893 1906/1896 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2045 2094 2114/2036 Nov 11 2076 2126 2145/2070 Jan 12 2097 2143 2162/2092 Mar 12
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      Lock icon PALM OIL
      65 27 Aug 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3130 3128 3140 3130 101 2480 Sep 11 3050 3079 3091 3045 2978 ***** Oct 11 3021 3051 3063 3021 ***** ***** Nov 11 3010 3044
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      Lock icon CHICAGO BOT
      95 27 Aug 4 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 11 1339.*****4.*****7.*****4.00 Sep 11 1336.*****3.*****3.*****0.75 Nov 11 1345.*****3.*****2.*****9.25 Jan 12 1356.*****3.*****2.*****0.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Aug 11 55.18 56.28 55.72 54.88 Sep 11 55.29 56.42 56.60 54.94 Oct 11 55.48 56.61 56.77
      95 words
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      Lock icon LONDON METALS
      72 27 Aug 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2447.25 2496.25 3 months 2476.00 2525.00 Copper, Grade A (US$/tonne) Cash 9329.50 9509.25 3 months 9355.00 9535.00 Lead (US$/tonne) Cash 2475.25 2505.50 3 months 2490.00 2522.00 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 How SMEs Are turning around city economies
      1066 28 / 29  -  A combination of agility and innovation is required to succeed in today’s new global economy. By Filippo Sarti By Filippo Sarti ~The writer is Group COO and CEO, Regus, Asia-Pacific. Regus is one of Europe’s largest operators of business centres. IN the modern
      BLOOMBERG  -  1,066 words
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      Lock icon Mobile payments empower people in emerging economies
      749 28 / 29  -  By Piyush Shah ~The writer is vice-president and head of InMobi SmartPay ACCORDING to World Bank data, emerging markets’ mobile-phone penetration growth rates in the last decade trumped those of developed markets three to six times. Given these growth rates, take-up and usage
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon The two sides of the luxury segment
        1143 30 / 31  -  While the segment is expected to expand by 8 per cent this year, investors should note that volatility of the segment is high. By Genevieve Cua By Genevieve Cua RISING affluence in the emerging markets, particularly China, is fuelling the appetite for luxury
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      • BROKERS' TAKE
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          Lock icon CSC Holdings
          406 30 / 31 NEUTRAL DMG Research Aug 5 Close: $0.12 CSC’s Q1 FY2012 earnings were below expectations despite an 8.8 per cent y-o-y growth in revenue, coming in at $0.8 million, due to margin erosion from higher costs and projects delays/interruption. While order book is strong, standing at $200 million currently
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          Lock icon Hyflux Ltd
          364 30 / 31  -  HOLD Compiled by Joyce Hooi DBS Group Research Aug 5 Close: $1.88 Q2 2011 earnings missed due to weaker sales, higher costs. In tandem with weaker than expected sales of $111 million, profit after tax and minority interests of $14.5 million (-47 per cent y-o-y, 97 per cent
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        Lock icon What’s made the US so indebted?
        1171 33  -  The country needs to implement reform on the revenue side; it has the fiscal capacity to raise taxes show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder THE world’s stock markets were held to ransom as US
        Source: Compiled by BT with data from Bloomberg, USgovernmentspending.com and USgovernmentrevenue.com  -  1,171 words
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      Lock icon Investors flock to low-risk assets, with focus on cash
      1055 32 Weak global economic outlook triggers the move on a day that sees sharp drop in US stock markets NYT New York IT was a frantic flight to safety. Investors roared into Treasury bonds, cash and other low-risk assets on Thursday, acting
      NYT; AFP  -  1,055 words
    • WEALTH REAL ESTATE
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      87 36 M iUDEMARS PlGUET Le maitre de J'horlogerie depuis 1875 <*> X m 3 r I fsS*** 5 X ft 60 mm ii msESm^ m o. m fW£> m <9 p. o o 3t PlGU I«I eO SE 1 H W ifc r Si O 2? J A 1 H A\\\\\\\\A\
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      58 1 LivingTHEBUSINESSTIMESWEEKEND|AUGUST6-*****BTTHE BUSINESS TIMES WEEKEND AUGUST 6-7 2011 DINING Flavours of life L6-7 PATRIOTIC SHOWING Local setups make a stand on homegrown talent GADGETS Snap, click and print L10-11 NO HOLDS BARRED The ball is in Federer's court L16 DESTINATION DINING Breaking the rules L12 DINING Edgy remixes on a plate
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  • BT Living
    • STYLE
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        Lock icon PATRIOTIC SHOWING
        2906 2 / 3  -  National Day need not be the only time to celebrate all things Singaporean as BT Weekend finds out from four local setups that champion homegrown talent in the arts, fashion and design. By Melissa Lwee-Ramsay mellwee@sph.com.sg A Curious Teepee #02-24 *Scape building 2 Orchard Link Z6820-1680 IT maybe
        CASEY CHEN PHOTOS: ARTHUR LEE; KULT3D PHOTOS: YEN MENG JIIN  -  2,906 words
    • DINING
      • Article
        Lock icon Flavours of life
        23 6 / 7 BT Weekend checks out three new eateries that aim to bring a taste of Singapore’s past to the dining table
        23 words
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        Lock icon Tongkang Colonial Bar & Restaurant
        513 6 / 7  - Tongkang Colonial Bar Restaurant By Jaime Ee jaime@sph.com.sg #01-06 Clarke Quay Z6333-4986 COLONIAL cuisine has been an on-and-off dining concept that seems to be enjoying a current resurgence as diners warm to the likes of roast beef and yorkshire pudding, English trifle and the Anglo-Indian mulligatawny soup that Singapore’s founding
        513 words
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        Lock icon Wok & Barrel/Betel Nut Living Bistro
        503 6 / 7  - Wok Barrel/Betel Nut Living Bistro By Geoffrey Eu 13 Duxton Hill Z6220-0595 www.wokandbarrel.com THE latest to join the burgeoning restaurant ranks in Duxton Hill is Wok Barrel, a simple Asian bistro that aims to bring a taste of Old Singapore to the table taking a modern approach along the way.
        503 words
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        Lock icon Betel Box Living Bistro
        482 6 / 7  -  By Geoffrey Eu btnews@sph.com.sg 200 Joo Chiat Road Z6247-7340 www.betelbox.com MULLIGATAWNY soup, roti babi and laksa goreng are not the type of dishes routinely found on the same menu, but at Betel Box Living Bistro a three-week-old eatery on the ground floor of a backpacker hostel
        482 words
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        Lock icon Edgy remixes on a plate
        1270 8 / 9  -  Restaurants across Singapore are getting into the spirit of National Day by serving quirky interpretations of local foods. By Tan Teck Heng By Tan Teck Heng btnews@sph.com.sg HarriAnn’s Delights Blk 146, Jalan Bukit Merah #01-1092 Z 6273 0852 harrianns.com NEVER mind the conventional green chewy
        1,270 words
    • GADGETS
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        Lock icon Snap, click and print
        987 10 / 11  -  Whether you enjoy tactile, old-school prints or multiple digital images on a high-tech photo frame, here’s your one-stop Photo Shop to take you from lens to screen to finished product. By Christopher Lim By Christopher Lim limchris@sph.com.sg Sony NEX-C3 ($999 with single lens kit; $1,099 with
        987 words
    • DESTINATION DINING
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        Lock icon Breaking the rules
        762 12  -  Los Angeles’ best-known chefs are an unruly, unconventional bunch prone to abandoning gigs at five-star restaurants for more offbeat adventures. By Lisa Baertle By Lisa Baertle Reuters LOS ANGELES’ restless and ever-changing food scene is hard to define, but it has forced US diners to rethink their
        Reuters; KOGI BBQ; REUTERS  -  762 words
    • KEPPEL.CLIPPER ROUND THE WORLD
      • Article, Illustration
        Lock icon Passion and purpose
        728 13  -  Singapore clipper skipper Ben Bowley may be just 27 but he is confident about leading a crew of amateur sailors in a race around the world. By Vincent Wee By Vincent Wee btnews@sph.com.sg IT IS clear that Singapore clipper skipper Ben Bowley has a passion for sailing.
        onEDITION  -  728 words
    • HEALTH
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        Lock icon Babies and ovarian cancer
        783 14  -  The number of cases may not be as high as for breast cancer but ovarian cancer is difficult to treat and incidences are doubling. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg OVARIAN cancer is problematic because it gets detected only in its later stages, making it
        FILE PHOTO  -  783 words
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        Lock icon Radiation alert
        1259 15  -  A recent FDA warning highlights the potential for increased radiation exposure in patients who undergo PET scans of the heart. By Michael Lim By Michael Lim ~Dr Lim is medical director at Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia, British Medical Journals Publishing Group chairman,
        STOCK.XCHNG  -  1,259 words
    • SPORT
      • Article, Illustration
        Lock icon The ball is in Federer’s court
        691 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor FOR a man so used to being No 1 nearly all his life, Roger Federer is slowly coming to grips that “3” is perhaps the digit he will be seeing a lot more of these
        AFP  -  691 words
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        Lock icon Revving up for the Manchester Derby
        565 16  -  kick off with andrew leci andrew leci MANCHESTER City last participated in 1973. Their neighbours, Manchester United 18 times. I’m referring to the traditional curtain-raiser for England’s football season tomorrow between the two heated rivals that could give us a clearer indication of the
        REUTERS  -  565 words
    • BT CORPORATE GOLF LEAGUE 2011
      • Article
        Lock icon Gearing up for the second leg
        209 17  -  This round will tee off on Friday at the Singapore Island Country Club’s New Course.By Course.By Justine Moss THE second leg of this year’s Business Times Corporate Golf League tees off next Friday at the magnificent Singapore Island CountryClub’s New Course. Thecompetitionhas attracted 27
        209 words
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        Lock icon Great views, memorable holes
        568 17  -  Reports by Justine Moss THE Singapore Island Country Club’s New Course may be the toughest of the club’s four golf courses but it is still playable for all skill levels, depending on the selected tee box to play from, according to Kurt Greve, the SICC’s director
        568 words
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        Lock icon A chance to unwind and bond with co-workers
        484 17 NETWORKING opportunities and the chance to bond with co-workers played a big part in Omnicom Media Group’s siontoparticipateinthisyear’sLeague,according to Barry Cupples, chief executive of Omnicom Media Group Asia Pacific. “Quite simply, the Business Times Corporate Golf League presents a fantastic networking opportunity.
        484 words
    • MOTORING
      • Article, Illustration
        Lock icon driving notes
        589 18  -  by samuel ee samuelee@sph.com.sg Sneak peak of new Lexus GS250 THE fourth-generation Lexus GS will be revealed by the Japanese luxury carmaker at next week’s Pebble Beach Concours d’Elegance in California. Two versions of the mid-sized luxury sports sedan will be launched here by Borneo Motors Singapore in
        589 words
      • Article, Illustration
        Lock icon CRISP NEW LOOK
        712 19  -  The new Bentley Continental GT is more sculpted and definitely more buff. By Samuel Ee samuelee@sph.com.sg IF you think there’s something different about the way the new Bentley Continental GT looks but can’t quite put your finger on it, blame it on superforming. The refreshed coupé with
        712 words
      • Article, Illustration
        Lock icon Makeover magic
        532 20  -  Businessman D Lim’s Volvo S60 has more than $10,000 worth of original accessories. body style By Samuel Ee samuelee@sph.com.sg THE Volvo S60 may be sleek and stylish but few would consider it racey, much less wild. Unless they happen to see D Lim’s sedan. With its Vibrant Copper
        PHOTOS: YEN MENG JIIN  -  532 words
      • Article
        Lock icon Stylish flourishes
        149 20  -  By Samuel Ee DRESSING up a car can be fun but getting the mods from a dodgy source isn’t. One way to achieve peace of mind is to source accessories from authorised distributors or original equipment manufacturers. For the Volvo S60 sedan, Wearnes Automotive has an accessory list
        149 words
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      904 4 / 5 wine&dine with BTWeekend Mandarin Court Mandarin Orchard Singapore, Level 35 333 Orchard Road Z6831-6288 Ascend 35 stories 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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      31 6 / 7 MATS CLASSIFIED Rid your home of unwelcomed guests. MATS To find out more, turn to CLASS 116 in BUY IT. SELL IT• FIND IT CATS Classified in The Straits Times now.
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      70 13 Singapore Can Do! Celebrating the passion for excellence, Keppel is the proud sponsor of the Singapore yacht in the Clipper 11-12 Round the World Yacht Race. With the same Can-Do! spirit, Keppel’s 35,000-strong team in more than 30 countries is steered towards achieving sustainable growth for our businesses worldwide. Keppel
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      49 13 CLIPPER ROUND THE WORLD YACHT RACE 11-12 Overall race standings 1 Visit Finland 2 New York 3 Gold Coast Australia 4 Derry-Londonderry 5 Singapore 6 Geraldton Western Australia 7 De Lage Landen 8 Welcome to Yorkshire 9 Qingdao 10 Edinburgh Inspiring this series is brought to you by www.marinakeppelbay.com
      49 words
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