The Business Times, 3 September 2011
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2011-09-03
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The Business Times
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Title Section17 2011-09-03 1 weekend THE BUSINESS TIMES SEPTEMBER 3-4, 2011 S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 121/08/2011 www.businesstimes.com.sg17 words
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Article50 2011-09-03 1 bottomline blow DISTRIBUTOR ECS Holdings may be the worst hit on the local bourse, sustaining a profit dip of up to 8 per cent profit and revenue drop of 18 per cent if its deal with HP’s PSG is terminated in the spin-off. 250 words
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37 2011-09-03 1 sports ipo REPORT of a dual-listing deal with Man U throws the spotlight on the exchange, that it may be prepared to bend its own rules to land ‘star’ listings. 437 words
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Article33 2011-09-03 1 brewing business THE Sri Lankan brand will debut here next month and hopes to capture 15 per cent of the top-end tea market in 3-5 years. 633 words
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Article28 2011-09-03 1 drastic drop HEADCOUNT at Singapore’s first biotech company to fall 80 per cent as it gives up R&D after partnership falls through. 728 words
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715 2011-09-03 1 No new jobs were created in August, heightening market expectations of more monetary easing Bloomberg Reuters Washington Zero,nada,zilch.Inagrimdevel-opment, the US economy ednonewjobsinAugust,deepening fears of a double-dip recessionandheightening expectations of more quantitative easing by the US central bank. The August reading is the worstBloomberg; Reuters - 715 words
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Article, Illustration390 2011-09-03 1 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg Singapore TEMASEK senior managing director Charles Ong is joining older brother Richard in Te-masek-backed private equity firm RRJ Capital. According to Temasek’s website, Mr Charles Ong, 42, who joined Temasek in 2002, has been seconded to390 words
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Page 1 Advertisements
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Advertisement22 2011-09-03 1 the business SEPTEMBER MOTORING The Audi Q7 TDI L18 the raffles conversation BEST-SELLING AUTHOR MALCOLM GLADWELL 10-11 LIVING Indies beat the odds22 words
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Advertisement8 2011-09-03 1 PERSPECTIVE Rising from the depths of failure 28-298 words
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TOP STORIES
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Article139 2011-09-03 2 H STI 2,843.09 (-24.09) H STI FUTURES 2,844 (-24) H SIMSCI 325.37 (-2.55) H SIMSCI FUTURES 324.40 (-2.60) STOCKS Friday Change KL COMP 1,474.09 +26.82 NIKKEI 225 8,950.74 -110.06 HANG SENG 20,212.91 -372.42 SET 1,065.18 -3.95 JAKARTA Closed MANILA 4,392.91 +26.32 KOSPI 1,867.75 -12.95 SHENZHEN B 668.31 -4.93 MUMBAI139 words
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Article, Illustration661 2011-09-03 2 Lynn Kan - But analyst says hiving off PC arm allows HP to concentrate on its core business By Lynn Kan lynnkan@sph.com.sg Singapore HEWLETT-Packard’s decision to shed its personal computing arm, Personal Systems Group (PSG), could directly affect some Singapore technology companies.REUTERS - 661 words
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215 2011-09-03 2 Singapore THE ongoing review of political leaders’ salaries is slated to be completed by year-end. Gerard Ee, chairman of the committee tasked with reviewing the pay of the president, prime minister, political appointment holders and Members of Parliament, said this in215 words
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Article, Illustration1105 2011-09-03 4 Michelle Quah - Unclear if SGX has permitted dual-class shares but it has fast-tracked IPO application By Michelle Quah michquah@sph.com.sg Singapore THE Singapore Exchange (SGX) looks set to score a double with the potential listing of Manchester United, so soon after that of HutchisonAP - 1,105 words
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Article, Illustration636 2011-09-03 5 Anthony Rowley - But attempt at restoring unity may come at the expense of policy coherence: analysts By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S new prime minister, Yoshihiko Noda, yesterday announced Cabinet appointments that appeared to be aimed largely at uniting his deeply divided Democratic Party ofREUTERS - 636 words
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536 2011-09-03 5 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg Singapore HONG KONG companies looking to sell bonds have found a sweet spot in Singapore as yield-hungry investors here have been snapping up their offerings despite chaotic markets. To date, four non-bank Hong Kong companies have raised $1.77536 words
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Article, Illustration812 2011-09-03 6 Neena Bhandari - The brand hopes to capture 15% of the top-end market in 3-5 years By Neena Bhandari btworld@sph.com.sg Sydney OVER many cups of tea, he has built an empire that spans 101 countries. To that list, he now plans to add Singapore. Merrill Joseph Fernando,812 words
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415 2011-09-03 6 Kelly Tay - By Kelly Tay kellytay@sph.com.sg Singapore INVESTORS of land-banking firm Profitable Plots may have cause to rest easier tonight: Geraldine Nordmann has returned to Singapore, according to the Attor-ney-General’s Chambers (AGC). In its response to queries from BT, the AGC said that Mrs Nordmann returned415 words
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Article, Illustration592 2011-09-03 7 Nisha Ramchandani - The biotech firm, Singapore’s first, says it’s moving from an R&D organisation to one focused on products By Nisha Ramchandani nishar@sph.com.sg Singapore THE Republic’s first biotech company, S*BIO, is slashing its headcount by 80 per cent as part of a restructuring exercise as itFILE PHOTO - 592 words
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205 2011-09-03 8 Singapore THE Singapore team arrived at Rio de Janeiro, Brazil yesterday in second place overall in the ongoing Clipper Round the World Race after surmounting steering issues. It was the first podium win for the Keppel Corporation-sponsored Singapore clipper.Thecrew finishedthird inRace 2’s transatlantic course205 words
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Article, Illustration846 2011-09-03 8 Joyce Hooi - saturday soapbox Joyce Hooi Reporter WHEN Steve Jobs announced his retirement last week, the adjectives “inspirational” and “revolutionary” were flogged to death by slavish fans. And then they were dug up and flayed all over again in the ensuing commentary. It must be said though MrFILE PHOTO - 846 words
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Page 2 Advertisements
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Advertisement64 2011-09-03 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 30-35 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Cover story L2-5 Destination Dining L6-8 Travel L9 Home64 words
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Page 3 Advertisements
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Advertisement84 2011-09-03 3 Exclusively Availabile at: RAYMOND WEIL Boutique 6 Raffles Boulevard #02-133A Marina Square Shopping Mall Tel: (65) 6338 9819 Cortina Watch Ion Orchard, The Shoppes at Marina Bay Sands, Raffles City Gassan Watches Airport T1 Lounge Central, Lounge West, T3 Lounge North, Lounge South Tai Hong Hung Lucky Plaza, People’s Park84 words
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Page 5 Advertisements
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Advertisement160 2011-09-03 5 FLIGHT CENTRE Don't miss this chance hot airfares on sale! ALL INCLUSIVE Airfares Relaxing Getaway [K Bali from 348* INCLUDES Return airfare 4 nights accom at Mercure Bali Harvertland, daily breakfast and return airport transfers. BONUS One half-day tour massage. Ski Holidays France Chamonix Mont-Blanc from 2,415* INCLUDES Return airfare160 words
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Page 7 Advertisements
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Advertisement20 2011-09-03 7 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices W AT-ci NOTICES20 words
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Advertisement174 2011-09-03 7 New Zealand Relocation and Investment Forum New Zealand cities consistently rank amongst the top cities in the world to live in, the easiest place in the world to start a business and the top ranked country for investor protection. There are now new opportunities for high net worth business people174 words
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Page 8 Advertisements
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Advertisement1135 2011-09-03 8 |<>`~)>%;:*>&(+;^&?;+<_!>(/!]^} Ha?* tiger s .com TIGER AIRWAYS HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 1 February 2007) (Company Registration Number: *****1866W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the "EGM") of Tiger Airways Holdings Limited (the "Company") will be held at1,135 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK Aug 29-Sept 2, 2011
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Article, Illustration95 2011-09-03 9 PRESIDENT-elect Tony Tan hopes that his victory at last Saturday’s polls will assuage fears among both Singapore’s business leaders and overseas investors of the Republic’s economic stability in an increasingly uncertain climate. The former deputy prime minister also promised to try and unifyJOSEPH NAIR/THE STRAITS TIMES - 95 words
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67 2011-09-03 9 DEVELOPMENT charges are expected to head north from Sept 1, based on the increases in land values over most of the past six months. However, the rate hikes may be smaller than the previous six-monthly revision amid early signs that pricing for67 words
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45 2011-09-03 9 THE gold market boom is encouraging individuals in the US, Europe and Asia to cash in their jewellery. Several jewellers report that there could eventually be a shortage of quality antique and vintage jewellery if the trend continues.45 words
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69 2011-09-03 9 TIGERAirways’ former chief executive Tony Davis who was second- ed to take charge of the troubled Australian operations has quit, leaving Tiger in search of a replacement to head its Australian division. Some analysts feel that the decision by Mr Davis who had69 words
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61 2011-09-03 9 BANKS are stepping up their efforts to woo young businesses here, drawn by their growth potential in an increasingly competitive banking space for small and medium enterprises (SMEs). From access to financing and service guarantees, to corporate cards and online business banking,61 words
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71 2011-09-03 9 THE International Monetary Fund has slashed its growth forecasts for the United States and the eurozone; and said the Federal Reserve and the European Central Bank must be ready to ease policy, Italian news agency ANSA reported on Monday. The IMF sharply revised down71 words
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55 2011-09-03 9 UPWARD revisions in development charges effective Thursday are generally above market expectations. Under the latest revision, the average DC rate for commercial use has been increased by 21.7 per cent much higher than the 12.7 per cent hike in the previous55 words
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64 2011-09-03 9 BANK lending grew at the slowest pace in six months in July as both businesses and individuals turned more cautious amid the recent financial market volatility and a gloomier outlook for the world economy. Total Singapore-dollar bank loans rose 2 per64 words
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81 2011-09-03 9 THE speeches of both leaders car- ried a commonrefrain thatSinga-pore’slong-term success woulddepend on its ability to live within its means and to draw on past reserves only in exceptional circumstances. Fresh from being sworn in at the Istana as the country’s seventh president81 words
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60 2011-09-03 9 VARIOUS leading indicators now point to a 59 per cent chance of Singapore entering a recession, says a Bank of America Merrill Lynch report. Stock prices, tech industrial production, the electronics leading index and the purchasing managers’ index new orders reading all point60 words
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Article87 2011-09-03 9 US DATA Sept 6 Aug ISM non-manufacturing index Sept 7 Sept Beige Book report Sept 8 International trade SINGAPORE DATA Sept 7 Aug international reserves EVENTS Sept 6 Tokyo Bank of Japan (BOJ) Monetary Policy Meeting (to Sept 7) Singapore World Bank infrastructure finance summit;87 words
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Page 9 Miscellaneous
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Miscellaneous300 2011-09-03 9 CRYPTIC CROSSWORD Across 1 Feel bias of some sort? It’s possible (8) 6 Some card games that may be supplied by a stationer (6) 9 Brood about one’s ill-treatment (6) 10 Double-crosser, jailed more than once? (3-5) 11 Hide from the kids (8) 12 Go away to see a relative300 words
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Miscellaneous9 2011-09-03 9 SATURDAY with Ludwig ‘Our latest models are very user-friendly9 words
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THE RAFFLES CONVERSATION
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Article, Illustration1812 2011-09-03 10/11 Kenneth James - What makes this best selling author tick? By Kenneth James kenjames@sph.com.sg ON Canadian author Malcolm Gladwell’s blog is a photo of two 14-year-olds running neck and neck on a race track, well ahead of the chasing pack. It is the 1,500 metres finals for thatARTHUR LEE - 1,812 words
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Article528 2011-09-03 10/11 MALCOLM Gladwell’s second book, Blink, introduced “thin-slicing”, or rapid cognition, to a broad readership. This refers to the way people make judgements in the blink of an eye. Most snap judgements are often corrupted by personal biases; but when practised by trained experts, thin-slicing can be stunningly effective,528 words
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COMPANIES
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500 2011-09-03 12 Lynette Khoo - In volume terms, turnover slips 3%; derivatives volume soars 53% By Lynette Khoo lynkhoo@sph.com.sg Singapore HEIGHTENED market volatility generated strong growth in securities and derivatives trading volume in August as jittery investors cut their holding periods. According to data released by the Singapore500 words
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422 2011-09-03 12 Joyce Hooi - Reports by Joyce Hooi joyceh@sph.com.sg Singapore THE non-exclusive renewal deal that StarHub signed with Fox International Channels (FIC) could herald a shift in the competitive terrain for the pay-television industry. A Citi report released on Thursday speculated that it will422 words
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187 2011-09-03 12 SINGTEL will provide emergency communications support for disaster relief efforts in South and South-east Asia through a partnership with volunteer initiative Ericsson Response, it announced yesterday. Ericsson Response is a volunteer initiative for natural disaster relief and humanitarian operations. The response team had187 words
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Article, Illustration307 2011-09-03 12 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore STAMFORD Tyres Corporation Ltd on Friday reported a 207.74 per cent year-on-year rise in profit for the first quarter ended July 31, 2011 as demand for the group’s products grew. Steady growth momentum in its South-east Asia markets boosted the307 words
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554 2011-09-03 13 Mindy Tan - Several analysts offer differing views on the giant commodity player’s ambitious 2016 goal. corporate focus| By Mindy Tan tanmindy@sph.com.sg COMMODITYplay-er Olam International earlier this weekunveiledambitious new targets– notably,todouble itsprevious goal to US$1 billion profit after tax (PAT) by FY2016. DuringtheFY2011full-yearre-sults briefing on Monday, Olam554 words
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326 2011-09-03 13 Singapore HIAP SENG Engineering yesterday announced that “certain key management personnel” of the company have assisted the Corrupt Practices Investigation Bureau (CPIB) in investigations in early July and mid August this year. Hiap Seng said in a filing to the Singapore Exchange326 words
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Article, Illustration586 2011-09-03 14 Conrad Tan - stocks| Conrad Tan conradt@sph.com.sg Correspondent STOCKS here fell for a second day yesterday as traders across Asia stayed cautious ahead of a key US jobs report that was expected to show slower employment growth in August compared to July. The Straits586 words
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Article110 2011-09-03 14 VOL CLOSE ShengSiong 90,251 49 -1.0 -2.0 GentingSP 88,494 161.5 -3.5 -2.1 GoldenAgri 69,235 64.5 -2.0 -3.0 TopGlobalW*****9 49,913 0.4 -0.1 -20.0 HPHTrustUS$ 32,757 66.5 -1.2 -1.5 NobleGrp 32,103 157 -4.5 -2.8 Artivision 24,583 19 0.4 2.2 TopGlobal 23,912 0.7 -0.1 -12.5 SingTel 22,827 313 0.0 0.0110 words
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Article61 2011-09-03 14 BY CENTS CLOSE UP GLD 10US$ ***** 346.7 1.6 DBXT S&P Short 10US$ 4542 126.4 2.4 Jardine C&C 4676 77.0 1.7 Lyxor India Nifty 10 1335 38.0 2.9 DBS Bk 4.7% NCPS 100 ***** 24.0 0.2 DairyFarm 856 19.3 1.9 Lyxor HangSeng 10US$ 262 19.3 6.5 Spore Land61 words
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Article57 2011-09-03 14 BY CENTS CLOSEDOWN DBXT E50 10US$ 3598 -134.8 -3.0 DBXT MSEurope 10US$ 4203 -95.1 -1.8 DBXT Nifty 10US$ ***** -89.1 -0.7 JSH 3026 -87.9 -2.4 DBXT MSUSA 10US$ 2872 -85.5 -2.4 DBXT MSAsExJp 10US$ 3051 -44.5 -1.2 DBXT MSCHINA 10US$ 1118 -42.1 -3.0 DBXT MSKorea 10US$ 5568 -34.957 words
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Article108 2011-09-03 14 Stock name Close Change CapMallsAsia 1.335 CapitaLand 2.540 -0.030 CapitaMall 1.890 +0.025 CityDev 10.450 +0.090 ComfortDelGro 1.370 -0.005 DBS Grp 13.100 -0.050 F&N 5.700 -0.120 GLP 1.770 +0.030 Genting SP 1.615 -0.035 Golden Agri 0.645 -0.020 HK Land 5.800 -0.110 JMH 54.000 -0.180 JSH 30.260 -0.730 Jardine C&C108 words
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Article, Illustration198 2011-09-03 14 Singapore SINGAPORE Airlines (SIA) has extended advance selection of economy seats to all booking channels in response to demand from its customers. Specific seat selection for economy class was previously limited to customers who booked online via the SIA website.198 words
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349 2011-09-03 14 Bloomberg Singapore EMERGING-market equity fund outflows slowed for a third week, as comments from the Federal Reserve eased concerns about a faltering US economy, according to Citigroup Inc. Funds investing in develop-ing-nation stocks reported withdrawals of US$600 million of outflows in the weekBloomberg - 349 words
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Article, Illustration456 2011-09-03 15 Emilyn Yap - Among them are packages pegged to Sibor plus a spread By Emilyn Yap emilyny@sph.com.sg Singapore DBS Group has launched three new home loan packages to attract home buyers looking to benefit from current low interest rates. One of these products is pegged to theBLOOMBERG - 456 words
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Page 13 Advertisements
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Advertisement280 2011-09-03 13 HOW CAN YOU PREVENT SUDDEN DEATH? Sudden death is usually due to an underlying heart condition. High Risk Factors includes: Diabetes, High Blood Pressure, High Cholesterol, Strong Family History or Smokers. Those who participate in vigorous physical exercise like marathons are also at increased risk if there is an underlying280 words
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Page 15 Advertisements
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Advertisement64 2011-09-03 15 A tSAT3 RECRUIT i 1 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! HSBC has a position open for a Personal Wealth Manager Singapore Dai-lchi has a vacancy for an Assembly Engineer UOL Group is recruiting a Customer Service Officer64 words
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Advertisement711 2011-09-03 15 BEATS F Q Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE GRAND COURT OF THE CAYMAN ISLANDS FINANCIAL SERVICES DIVISION CAUSE NO. FSD 135 OF 2011 IN THE MATTER of section 86 of the Companies Law (2010 Revision) (as amended) AND IN THE MATTER of the Grand Court Rules 1995711 words
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FROM THE DESK OF
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Article, Illustration807 2011-09-03 16 Yaj Malik - A “Bring Your Own” approach to mobile devices for work blurs the line between corporate and personal spheres to improve efficiency all round Yaj Malik Area Vice President, ASEAN Citrix Systems Inc ACCORDING to a recent study by consumer goods market research agency GfK807 words
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SINGAPORE
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Article, Illustration1184 2011-09-03 17 Grace Leong - Court proceedings adjourned for 3 weeks for details of the rescue led by Body Contours to be hammered out By Grace Leong gleong@sph.com.sg A GROUP of spa companies led by Body Contours founder Ananda Rajah has emerged as a potential white knight toFILE PHOTO - 1,184 words
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161 2011-09-03 17 FORMER National Development Minister Mah Bow Tan will step down today as chairman of the Singapore Labour Foundation (SLF), after almost 10 years of service. He will be succeeded by Minister for Health Gan Kim Yong. In a statement yesterday, the Ministry161 words
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426 2011-09-03 18 Chuang Peck Ming - MOM: More employers got more workers trained as economy improved, boosting productivity, customer satisfaction By Chuang Peck Ming peckming@sph.com.sg WORKER training became cheaper and better in 2010 as the economy picked up. Employers got more out of worker training for less last year,426 words
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Article, Illustration344 2011-09-03 18 Uma Shankari - By Uma Shankari shankari@sph.com.sg THE old Bukit Timah Railway Station and surrounding railway land will be open to the public from Sept 16, the Singapore Land Authority (SLA) said yesterday. Members of the public will be able to enjoy walksFILE PHOTO - 344 words
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390 2011-09-03 18 Victoria Ho - By Victoria Ho vhoip@sph.com.sg GOOGLE’S social network, Google+, is registering the most visits from Singapore within the Asia-Pacific, according to Experian Hitwise data. The new social network, launched two months ago, directly challenges other online networks such as Facebook. Experian’s tracker found390 words
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WORLD
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Article, Illustration469 2011-09-03 19 Pauline Ng - Credit Suisse trims its GDP growth forecasts for M’sia By Pauline Ng btworld@sph.com.sg Kuala Lumpur VOLATILE global equity markets have prompted stockbrokers to lower their year-end target for the benchmark Kuala Lumpur Composite Index (KLCI) by some 12 per cent even as second-quarter earningsBLOOMBERG - 469 words
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Article, Illustration412 2011-09-03 19 Ven Sreenivasan - By Ven Sreenivasan ven@sph.com.sg Singapore QANTAS-CONTROLLED Jetstar Asia continued to grow aggressively through the FY2011 period, posting profit before tax of some S$18 million and boosting capacity 46 per cent during the 12 months to end-June 2011 as it continued to grow itsFILE PHOTO - 412 words
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488 2011-09-03 20 Export orders fall in line with weakening global demand; inflation remains big concern Reuters Bangalore INDIA’S factory sector expanded at its slowest pace in more than two years in August as export orders shrank amid weakening global demand, a survey of turersinAsia’sthird-largestecon-omy hasReuters - 488 words
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Article, Illustration535 2011-09-03 20 Bloomberg Sydney AUSTRALIAN Prime Minister Julia Gillard rejected the idea of stepping down after reports that leaders of her Labor party urged her to consider the move in the wake of record-low poll ratings. “I’m not going anywhere,Bloomberg; REUTERS - 535 words
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175 2011-09-03 20 Reuters Taipei TAIWAN’S regulator has relaxed rules on Taiwanese banks operating in mainland China to help them further expand business and compete with mainland and global financial institutions in the huge market. Taiwan’s financial sector, operating in a saturated market at home,Reuters - 175 words
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Article, Illustration630 2011-09-03 21 Move underscores the difficult challenge he faces in spurring a stronger recovery and creating more jobs Reuters Washington President Barack Obama sharply cut estimates on Thursday for US economic growth, underscoring the difficult challenge he faces in spurring a stronger recovery and creating more jobs.Reuters; AFP - 630 words
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527 2011-09-03 21 Reuters Detroit MAJOR carmakers posted doubledigit US sales gains for August, a steady result for a month that began with a plunge on Wall Street and ended with a hurricane shutting down the East Coast. General Motors Co (GM) reported a salesReuters - 527 words
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Article601 2011-09-03 22 It says quality of mortgage securities misrepresented NYT New York THE federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgageNYT - 601 words
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Article, Illustration503 2011-09-03 22 Reuters Washington US securities regulators have taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes. The requests for proprietary code and algorithm parameters by the FinancialReuters; BLOOMBERG - 503 words
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461 2011-09-03 22 Reuters Athens TALKS between Greece and international inspectors on whether it has met conditions for a new aid tranche have been put on hold, officials said yesterday, after disagreements over why and by how much its deficit cuts programme has fallenReuters - 461 words
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Page 19 Advertisements
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Advertisement85 2011-09-03 19 Action Asia Region's favourite outdoors magazine relaunched! Still the best adventure travel resource in Asia But now with a great new look! Action Asia Ittf YOU NEVER HEARDOFJ- BIKING ackroads ->»' >£i I Great Gear Gui staff y Wong How Man" Chinn^trrfialrst fivingfix'pTorer :B flC O Sabah's wild heart Y85 words
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Page 21 Advertisements
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Advertisement15 2011-09-03 21 <0-? 463:? 6? 5&"$ =>$5 !/79..,(+)% *82’;1 To subscribe, call 6388-3838 or go to sphsubscription.com.sg15 words
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SGX
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Article9788 2011-09-03 26 Transaction date: Sep 2 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 $mil 21 12 8Telecom 12.8 11.1 14.6 7.8 4.8 2.7 61.3 9.5 4.5 A-Sonic 5.2 4.9 5.8 2.5 1.9 37.2 62.5 449,788 words
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Article186 2011-09-03 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 5 0 0 0 4 7 5 Manufacturing 33 69 31 5 2 7 38 71 38 Commerce 13 27 14 2 5 4 15 32 18 Tpt/Stor/Comms 12 20 10186 words
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Article806 2011-09-03 26 For week beginning Aug 29 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Sky China Petroleum 1-Sep-11 Liu Qingzeng *Buy 743 0.14 ***** 21.38 ***** 21.57 Serial System Ltd 1-Sep-11806 words
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Article119 2011-09-03 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 28,350 28,350 138,538 138,538 Manufacturing 118,976 2,733 121,709 148,419 33 148,451 Commerce 179,464 2,938 182,402 157,394 283 157,677 Tpt/Stor/Comms 129,074 1,098 130,172 195,286 94 195,380 Finance 16,417 16,417 173,167 173,167 Construction 25,448 30,002 55,450 6,284119 words
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MARKETS
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Article75 2011-09-03 27 Sep 1 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 115.05 0.07 WTI (Near Mth) 89.08 0.17 Dubai (1-Mth F) 108.72 -0.42 Tapis blend 122.18 0.47 Minas 116.93 0.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.67 -0.53 Jet Kerosene 127.14 -0.32 US$/barrel Opec Oil Basket Price75 words
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Article119 2011-09-03 27 currency Sep 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.333 1.258 Can dollar 1.256 1.208 Euro 1.75 1.683 Sterling pound 1.985 1.909 NZ dollar 1.054 1.004 US dollar 1.22 1.174 Local dollars to 100 units of foreign currency: Currencies119 words
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Article79 2011-09-03 27 Sep 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 01.12.2011 0.18 1-Year BY*****X 02.05.2012 0.19 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.76 5-Year N*****0W 1.125 01.04.2016 102.89 103.07 103.05 10-Year NX*****X79 words
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Article154 2011-09-03 27 Sep 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2876 1.2892 1.0695 1.0700 Canadian dollar 1.2315 1.2331 1.0229 1.0234 Euro 1.7131 1.7158 1.4230 1.4240 NZ dollar 1.0234 1.0244 0.8501 0.8502 Sterling pound 1.9498 1.9517 1.6196 1.6198154 words
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Article, Illustration88 2011-09-03 27 YTD change:-10.88% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,680.83 on Aug 22,2011 Source: Bloomberg YTD change:-12.25% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,868.10 on Aug 9,2011 Source: Bloomberg YTD change: -0.725% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,253.90 on Sept 2,2010 (Chart showsSource: Bloomberg - 88 words
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Article, Illustration104 2011-09-03 27 As on 01 September 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 OCT-11 1820.00 1817.10 1818.60 1829.4 Silver DEC-11 41.835 41.255 41.725 41.775 CURRENCY US Dollar-Jap Yen SEP-11 77.09 76.74 76.81 76.53104 words
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Article67 2011-09-03 27 Sep 2 GOLD (US$/oz) Sep 01 Sep 02 Hong Kong 1821.*****2.00 Aug 31 Sep 01 London 1826.*****5.49 1827.*****7.21 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 50.41 49.89 Source: UOB PLATINUM Lon (US$/oz) Sep 01 Close Previous PM Fix 1843.*****5.00 AM Fix 1850.*****5.50 Source: Thomson Reuters PLATINUM NYMEX67 words
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Article82 2011-09-03 27 Sep 1 COCOA (£/tonne) Close Prev High/Low Sep 11 1927 1936 1944/1917 Dec 11 1945 1957 1963/1936 Mar 12 1959 1969 1978/1952 May 12 1964 1975 1982/1958 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2295 2298 2295/2221 Nov 11 2325 2333 2330/2233 Jan 12 2345 2349 2350/2258 Mar 1282 words
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Article67 2011-09-03 27 Sep 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 11 3180 3185 3186 3174 346 2142 Oct 11 3104 3109 3109 3083 1112 ***** Nov 11 3069 3050 3069 3034 6215 ***** Dec 11 3055 304367 words
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374 2011-09-03 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 1 Index Change Change Change Change Change Change World Index Preliminary 826.5 0.2 -7.9 0.1 -11.1 0.0 -5.4 ‡EAFE Preliminary 693.7 0.4 -13.4 0.0 -13.7 -0.1 -8.2 Europe Preliminary 1009.9 0.2374 words
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Article95 2011-09-03 27 Sep 1 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 11 1424.*****9.*****6.*****2.50 Nov 11 1434.*****7.*****7.*****2.00 Jan 12 1445.*****7.*****6.*****2.75 Mar 12 1449.*****8.*****9.*****7.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Sep 11 57.71 58.55 58.61 57.72 Oct 11 57.85 58.69 58.77 57.85 Dec 11 58.23 59.07 59.1495 words
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Article71 2011-09-03 27 Sep 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2418.50 2430.75 3 months 2455.00 2469.00 Copper, Grade A (US$/tonne) Cash 9126.75 9257.50 3 months 9145.00 9275.00 Lead (US$/tonne) Cash 2570.50 2594.00 3 months 2550.00 2580.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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PERSPECTIVE
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Article, Illustration1083 2011-09-03 28 / 29 Adel F Dimian - The story of Steve Jobs, who got up again after his humiliating fall at Apple, is not only interesting but also the most inspiring one. By Adel F Dimian By Adel F Dimian Associate professor of strategic management (practice) Adel F Dimian is directorAP - 1,083 words
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Article, Illustration1020 2011-09-03 28 / 29 Didi Kirsten Tatlow - By Didi Kirsten Tatlow IHT Beijing CHINESE are masters of guanxi, or connections, using the art of relationships and its close companion, corruption to secure everything from safe childbirth to a prestigious burial, taking in education, jobs, a fancy home and aIHT; BLOOMBERG - 1,020 words
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Wealth
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WEALTH INVESTING
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Article, Illustration756 2011-09-03 30 / 31 Silla Brush - The SEC is poised to take the first step towards writing new rules on derivative investments by mutual and exchange-traded funds. By Silla Brush By Silla Brush Bloomberg THE US Securities and Exchange Commission is poised to take the first step towards writing new regulationsBloomberg; REUTERS - 756 words
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BROKERS' TAKE
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Article276 2011-09-03 30 / 31 Buy DBS Group Research Sept 2 In the recent equity market sell off, the FSTREI (S-Reit index) while corrected by some 5 per cent versus the 12 per cent and 25 per cent fall in the STI and FSTREH (property developers index) respectively. S-Reits now offer a prospective FY11-12F276 words
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Article234 2011-09-03 30 / 31 Buy OCBC Investment Research Sept 2 Close: $0.59 ECS Holdings (ECS) has released an announcement in response to HP’s decision to spin off or sell its Personal Systems Group (PSG) business. This includes its PCs, notebooks and webOS operating system and devices. Given theuncertaintygeneratedforHP’ssuppliers and consumers, ECS’s management234 words
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Article244 2011-09-03 30 / 31 Lynette Khoo - Compiled by Lynette Khoo Buy DMG Partners Securities Sept 2 Close: $0.21 Kian Ann Engineering’s Q4 FY11 and FY11 earnings were in line with our expectations. Q4FY11 earnings jumped 27.7 per cent y-o-y, reaching $4.3 million, on the back of lower costs, higher revenue and other income.244 words
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Article, Illustration1429 2011-09-03 32 Derek Tan - Apart from offering a high dividend yield of 6.5% currently, it also offers a stable yield that will keep growing wealth insight| Derek Tan Analyst DBS Vickers Securities WHEN planning for the golden years, it is important to ensure that one’s retirement nest egg isAFP - 1,429 words
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Article, Illustration1239 2011-09-03 33 Teh Hooi Ling - In a world filled with adulation and envy for high pay, what is it that determines a person’s salary? And shouldn’t spiritual leaders also draw a big pay cheque? show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder AAFP - 1,239 words
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WEALTH REAL ESTATE
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1133 2011-09-03 34 PROJECTNAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 13 NON-LANDED Nin Residence Apt 28/07/2011 99 850 980 1153 Suites@Braddell Apt 27/07/2011 FH 398 494 1242 District1,133 words
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Article, Illustration440 2011-09-03 35 Kalpana Rashiwala - Owner Suntec Reit appoints Colliers International to market iconic property through expression of interest By Kalpana Rashiwala kalpana@sph.com.sg THE iconic Chijmes along Victoria Street is being put up for sale. BT understands that owner Suntec Real Estate Investment Trust (Suntec Reit) has appointed ColliersFILE PHOTO - 440 words
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494 2011-09-03 35 Reuters Hong Kong AUSTRALIA’SGoodman Group,anindustrial property firm backed by the Chinese government, says it aims to grow its China portfolio 10-fold to US$3-4 billion in five years as it seeks wider exposure to the world’s second-largest economy. “China is very important for usReuters - 494 words
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Advertisement98 2011-09-03 36 M AUDEMARSPIGUET le maitre dc I'horlogerie depuis 1875 v X X r I 60 mm ii «SIR i hi/// too "i n m to o m 7o o. o Ys m v. o o M D^EMAFT PlGU I S O S m m EO r SB s?£ I 5 N98 words
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Advertisement63 2011-09-03 1 LivingTHEBUSINESSTIMESWEEKEND|SEPTEMBER3-*****BTTHE BUSINESS TIMES WEEKEND SEPTEMBER 3-4 2011 DESTINATION DINING The better bistro L6-8 THE UPGRADERS Starting up against the odds, several independent stores are spreading their wings HOME GARDEN Constant gardener L10-11 PHOTO: YEN MENG JIIN GADGETS Deals for a steal L13 TRAVEL A Shangri-La in Paris L9 BT CORPORATE63 words
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BT Living
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LIVING
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Article, Illustration3967 2011-09-03 2 / 3 Debbie Yong - They started up against the odds and are now spreading their wings. Independent operators here share their recipes for success. By Debbie Yong debyong@sph.com.sg THATdoesnotmakebusinesssense. This would not work in Singapore.Not admonitions any excited entrepreneur would want to hear about their latest brainchild, butahandfulofindependent start-ups hereALL PHOTOS BY YEN MENG JIIN EXCEPT GOHD PHOTOS BY ARTHUR LEE - 3,967 words
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DESTINATION DINING
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Article, Illustration3086 2011-09-03 6 / 7 Jaime Ee - Jaime Ee takes a sampling of four of the hottest restaurants in the Paris dining circuit, and finds some surprising conclusions Jaime Ee jaime@sph.com.sg L’Agape Substance 66 Rue Mazarine, 5006 Paris Z(01) 4329-3383 www.agapesubstance.com NOTE to self: Must not go to Europe in August. There will be3,086 words
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TRAVEL
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Article, Illustration907 2011-09-03 9 Jaime Ee - The Asian hotel chain takes up residence at the former home of a Bonaparte. By Jaime Ee By Jaime Ee jaime@sph.com.sg THE Cambodian cab driver probably laid it on a little too thick, but it was hard not to share some of his enthusiasm as he907 words
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HOME & GARDEN
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Article, Illustration1071 2011-09-03 10/11 Geoffrey Eu - From greenhorn to having a green thumb, Kelvin Tay’s home is a haven for plants. By Geoffrey Eu personal space By Geoffrey Eu btnews@sph.com.sg IT WAS on a holiday trip to Bali in 2000 that Kelvin Tay was bitten in a big way by the bug the gardeningPHOTOS BY ARTHUR LEE - 1,071 words
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STYLE
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Article, Illustration605 2011-09-03 12 Debbie Yong - A travelling Hermes exhibition makes a Singapore pitstop for the public to meet the craftsmen behind the hallowed brand. By Debbie Yong debyong@sph.com.sg IT may take you hours to choose an Hermes scarf to match your outfit, but did you know that more than 2,000 production hours could605 words
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GADGETS
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Article, Illustration677 2011-09-03 13 Christopher Lim - One of the year’s most eagerly anticipated gizmo fairs, COMEX 2011, is also a one-stop venue to bag standout deals. By Christopher Lim limchris@sph.com.sg Mobile Android primer Huawei Sonic Usual price: $268; show price: $248 Basic Google Android Google touchscreen mobile phones are becoming more affordable,677 words
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HEALTH
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Article, Illustration877 2011-09-03 14 Cheah Ui-Hoon - Worried about diabetes or cholesterol? These might be linked to hormones and not just diet or lifestyle. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg GOING back to the basics, is how Julinda Lee, an American Academy of Anti-Ageing Medicine (AAAAM) Board-certified physician, describes the direction that ageFILE PHOTO - 877 words
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SPORT
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Article, Illustration678 2011-09-03 15 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor WHAT a vast and drastic difference a period of three months can make in one’s life. In early June, Li Na was a seemingly unstoppable force, fresh from her stunning French Open triumph in ParisAP - 678 words
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Article, Illustration572 2011-09-03 15 AP London IN a reversal of policy many observers have been demanding for a while, Arsenal manager Arsene Wenger abandoned his infatuation with youth in favour of signing experienced players in a last-ditch bid to bolster his ailing squad ahead of the transferAP; REUTERS - 572 words
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BT CORPORATE GOLF LEAGUE 2011
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Article, Illustration678 2011-09-03 16/17 Justine Moss - Team SunMoon, leading the League with 312 points, leave rivals gasping in their tailwind.By tailwind.By Justine Moss btnews@sph.com.sg AT the midway point of the 2011 Business Times Corporate Golf League, Team SunMoon has taken a leap up the ladder. It sits on top after posting a678 words
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Article, Illustration372 2011-09-03 16/17 AUDEMARS PIGUET, which has been supporting golfing activities across the region for more than 20 years, has returned as a hole-in-one sponsor this year. “Golfing has always been part of the DNA for Audemars Piguet, and we have created an exceptional pool of world-class golfers in372 words
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Article, Illustration584 2011-09-03 16/17 SUNMOON decided to field a team this year as they felt the league was a great platform to bring together and network with their business associates, and also provide team-building opportunities for the staff. “Being listed and with our headquarters in584 words
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MOTORING
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Article, Illustration600 2011-09-03 18 Samuel Ee - Far from being passe, the sport-utility vehicle can still be a cool choice especially when it doesn’t come with the usual petrol engine. Samuel Ee drives two SUVs with alternative powertrains Samuel Ee samuelee@sph.com.sg WITH its three rows of seats, the full-sized Audi Q7 is600 words
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Article, Illustration642 2011-09-03 19 Samuel Ee - The top-of-the-line Volkswagen Touareg Hybrid SUV has a petrol-electric hybrid powertrain. By Samuel Ee By Samuel Ee samuelee@sph.com.sg BY NOW, almost everyone should be familiar with Volkswagen’s strategy of engine downsizing, where the use of turbocharging beefs up the performance of a petrol engine with a relatively small642 words
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Article, Illustration899 2011-09-03 20 KL Tay - For those yearning for a more focused drive, the new Maserati GranCabrio Sport fits the bill. By KL Tay btnews@sph.com.sg OF THE soft-top convertible automobiles in current production today, the Maserati GranCabrio is arguably one of those with the most voluptuous styling. The four-seater GranCabrio was launched in899 words
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Advertisement35 2011-09-03 4 / 5 MATS CLASSIFI Can't stop that leak? Time to call in the professionals. To find out more, turn to CLASS 118 in MATS BUY IT• SELL IT FIND IT CATS Classified in The Straits Times now.35 words
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Advertisement916 2011-09-03 4 / 5 wine&dine with BTWeekend Chatterbox Mandarin Orchard Singapore, Level 5, 333 Orchard Road Z6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with a916 words
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Advertisement23 2011-09-03 16/17 PRESENTER SPONSORS Presented by Main Sponsor Hole-In-One Sponsors Opening Round Dinner Sponsor Final Round Dinner Sponsors Co-organised by Sponsors Networking Night Partner Partners23 words
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