The Business Times, 30 June 2012

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Microfilm: NL32036
Total Pages: 47
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend JHE BUSINESS TIMES www. usinesstimes.com. g| JUNE 30-July 1, 2012 S$1.00| MICA (P) 121/08/2011
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  • Article
    Lock icon Inflation ate into wage hikes
    26 1 PAY AND PRICE HIGH inflation undercut wage increases last year, leaving workers with few gains despite a tight labour market. 2
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  • Article
    Lock icon Bank lending up in May
    34 1 BUSINESS ADVANCES BANK lending picked up in May to grow 2.2 per cent over the month, up from 0.6 per cent in April, as loans to businesses rose. 6
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  • Article
    Lock icon UK banks to settle with clients
    25 1 city’s struggles BRITAIN’S four biggest banks have agreed to compensate customers they misled about interest rate hedging products. 8
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  • Article
    Lock icon SGX market cap up in H1
    29 1 RESILIENT STOCKS TOTAL market value of stocks here grew 9.8 per cent in the first half of this year to $786.7 billion. 13
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  • Article
    Lock icon Europe’s silver bullet to save bruised banks
    916 1 Banks can be recapitalised directly from bailout funds, instead of money being funnelled through govts AP Brussels AFTER 18 disappointing summits, Europe’s leaders appeared yesterday to have finally come up with a set of shortterm measures and long-term plans that show they are
    AP  -  916 words
  • Article, Illustration
    Lock icon Is TV Inc watching its own demise?
    1085 1  -  More watching online, sans subscriptions, licence fees, time slots By Joyce Hooi joyceh@sph.com.sg Singapore THERE is something ominously cyclical about the first song that MTV aired Video Killed the Radio Star. The next generation’s anthem might be And Then the Internet Killed the
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon FOREX
        49 2 FOREX US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.562 1.985 EURO(US$/S$/E) 1.256 1.596 Foreign currency per US$ S$ YEN 79.60 62.60 RM 3.181 2.503 HK$ 7.756 6.103 BAHT 31.78 25.01 RUPIAH 9,390 7,389 RENMINBI 6.357 5.002 INDIAN RUPEE 56.29 44.29 A$ 0.984 0.774 NZ$ 1.254 0.987
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      • Article
        Lock icon STOCKS
        60 2 GSTI 2,878.45 (+31.63) GSTI FUTURES 2,877.00 (+32.00) GSIMSCI 332.16 (+3.97) GSIMSCI FUTURES 332.10 (+4.10) Friday Change Friday Change KL COMP 1,599.15 +4.91 NIKKEI 225 9,006.78 +132.67 HANG SENG 19,441.40 +416.19 SET 1,172.11 +0.79 JAKARTA 3,955.58 +68.00 MANILA 5,246.41 -9.74 KOSPI 1,854.01 +34.83 SHENZHEN B 627.46 +6.78 MUMBAI IND 17,429.90
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.217 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.75 Source: Bloomberg
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    • Article, Illustration
      Lock icon Inflation ate into wage hikes last year
      809 2  -  Real total wages up 0.1% against 2.7% in 2010, real basic wages posted 0.8% fall against 1.1% rise before: MOM By Chuang Peck Ming peckming@sph.com.sg Singapore HIGH inflation undercut wage increases last year, leaving workers with few gains despite a tight labour market.
      Source: Report on Wages in Singapore, 2011  -  809 words
    • Article, Illustration
      Lock icon YouTube could unseat pay-TV with airing of Olympics
      814 4  - YouTube could unseat payTV with airing of Olympics Google has targeted 64 countries for ‘live’ streaming, which includes Singapore By Victoria Ho vhoip@sph.com.sg Singapore NEXT month, when the Olympics kicks off in London, billions around the world are expected to tune into the Games on TV. At the same time,
      AFP  -  814 words
    • Article
      Lock icon Loans growth seen slowing after May spike
      478 6  -  Last month sees 2.2% rise; in year-on-year terms, loans growth continues to slow By Teh Shi Ning tshining@sph.com.sg Singapore BANK lending picked up in May to grow 2.2 per cent over the month, up from 0.6 per cent in April, as loans to
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    • Article, Illustration
      Lock icon Singapore on track for growth, but slower: Tony Tan
      517 6  -  S’pore can learn from Germany’s experience as top-quality producer By Kelly Tay kellytay@sph.com.sg Berlin CONSIDERING Singapore’s strong fundamentals and busi-ness-friendly environment, President Tony Tan Keng Yam believes its economy will not only cope but continue to grow amid a global slowdown
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    • Article, Illustration
      Lock icon Barclays, HSBC, Lloyds and RBS in new scandal over mis-selling
      637 8 The UK banks to pay out to customers they misled about interest rate hedging products Reuters London BRITAIN’S four biggest banks have agreed to pay compensation to customers they misled about interest rate hedging products, following an investigation by the
      Reuters; AP  -  637 words
    • Article, Illustration
      Lock icon Barclays bests Goldman in e-mail idiocy
      257 8  -  REUTERS BREAKINGVIEWS By Anthony Currie BARCLAYS has overtaken Goldman Sachs to win the trophy for e-mail idiocy. Back in 2010, the Wall Street firm was hauled over the coals for electronic missives discussing the poor quality of mortgage securities they were trying to offload
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      145 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 Investing 32-33 House Hunt 34 Real Estate 34-35 LIVING Destination Dining L2-5 Dining L6-8 Gadgets L9 Design L10-11 Wellness L12-13
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      65 4 Royal Shipping Pvt Ltd supplies crew to ships, rigging staff, tug-boats off-shore barges. Royal Group (Pvt) Ltd Manpower Consultant provides specialised solutions in catering, cleaning construction in various fields. Royal Construction welcomes Investors in the project of apartment construction. ARABIAN ROYAL GROUP (PVT) LTD #375, 2nd Floor R A De
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      96 5 Singapore Symphony Orchestra An 2012/13 Season Awaits! LAN SHUT Music Director f SINGAPORE SYMPHONY ORCHESTRA J I NICHOLAS ANGELICH 25 Oct 12 NICOLA BENEDETTI Feb 4 KRYSTIAN Z1MERMAN i Jan 3 i r 3 L. n HELENE GR1MAUD 12 Jan 13 RENAUD CAPUCON 4 Oct 12 THE LABEQUE SISTERS 4
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      36 6 NASSIM GCB Sought after location. Elevated land approx 31,683 sqft. Wide frontage. Auspicious no. Potential for 2 GCBs. Rarely avail! PRs eligible. CBRE Luxury Homes Douglas Wong *****193 CBRE CEA Reg No. R*****8J License No. L*****63I
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      190 7 A Straits Times Appreciates Readers Event Watch concert and get FREE tickets to Universal Studios Singapore® Singapore Flyer July 15, Sunday, 6.30pm, Gardens by the Bay $67 for The Straits Times readers (Usual price $75) Enjoy a 3-hour concert with performances from international stars Tanya Chua, 4Minute, Boys Like Girls
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  • WEEK IN REVIEW
    • THIS WEEK June 25-29, 2012
      • Article
        Lock icon More Singapore firms in overseas M&As
        51 9 SINGAPORE companies have been making more overseas acquisitions in the first half of the year, prompted in part by the stronger Singapore dollar, and the search for growth markets. Total cross-bor-der activity reached US$14.8 billion, up 17.6 per cent from the first half of
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      • Article
        Lock icon Eurozone’s ESM offers cold comfort to investors
        67 9 WHILE investors remain on tenterhooks tracking eurozone government bond yields, few may be paying regard to the official mechanisms in progress to foster greater eurozone resilience the 500 billion euro (S$806 billion) European Stability Mechanism permanent bailout fund, slated to launch on July
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      • Article
        Lock icon Tough new US law sits heavy on S’pore banks
        59 9 MUCH as they dislike it, Singapore banks are taking steps to comply with a new US law which requires all financial institutions to provide details of US accounts. The Monetary Authority of Singapore also said that the US authorities have been
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      • Article
        Lock icon Inflation eases to 5% but it remains a sticky issue
        58 9 SINGAPORE’S inflation eased to 5 per cent in May, slightly better than the 5.1 per cent consensus forecast from market economists. While the risks are now shifting away from inflation towards growth, most economists think the likelihood that the central
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      • Article
        Lock icon City Harvest Church founder faces the music
        53 9 ALLEGED fake donations, tithe transfers and a hidden private fund. A more than two-year inquiry into City Harvest Church has uncovered financial irregularities of at least $23 million, with funds going to support the music career of Ho Yeow Sun, wife of CHC
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      • Article
        Lock icon India awaits new finance minister, fingers crossed
        65 9 AS Finance Minister Pranab Mukherjee bows out of active politics to stake a claim to the largely ceremonial office of president of India, his three-year captainship of one of the country’s most crucial ministries has come under intense scrutiny. Though regarded as one
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      • Article, Illustration
        Lock icon To cover tracks, funds sent ‘round-tripping’
        91 9 NOT only was $24 million allegedly siphoned from City Harvest Church in sham bond deals, but $26.6 million more was diverted and circulated to cover the tracks in an elaborate ploy. The prosecution laid out this case against CHC founder Kong Hee and four
        FILE PHOTO  -  91 words
      • Article
        Lock icon iTunes Store here; bad news for local players
        63 9 LOCAL digital media retailers found their honeymoon period abruptly cut short on Wednesday when Apple launched its iTunes Store here and in 11 other countries. iTunes not to be confused with Apple’s free music management software of the same name is the
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      • Article
        Lock icon Foreign banks with big S’pore presence to incorporate here
        69 9 SINGAPORE will require foreign banks with a big share of the country’s retail deposits to incorporate their retail operations here to protect depositors, the Monetary Authority of Singapore said on Thursday. The changes to its qualifying full bank programme are part
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      • Article
        Lock icon No funds lost, says church; Crossover Project to continue
        48 9 THE executive pastor of City Harvest Church (CHC) claimed on Thursday that the church did not suffer any financial loss and no one made personal profit from the transactions that are now at the centre of a court case.
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    • Article
      Lock icon NEXT WEEK July 2-6, ’12
      91 9 US DATA July 2 June ISM Index May Construction spending July 3 May Factory orders June Auto sales June Truck sales July 5 June Challenger job cuts June ADP employment change Initial claims Continuing claims June ISM services June Crude inventories EVENTS July 2 TOKYO
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      361 9 Across 1 Incorporated is gold tooth (7) 5 Favourite Australian river (7) 9 Stupid duck in animated film (5) 10 George meets trendy friend at one gaudy bar (3,6) 11 Bellman, say, ringing the changes without hesitation (2,3,5) 12 Article put in study for church dignitary (4) 14 German writer
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      16 9 SATURDAY with Ludwig ‘At the rate we’re going, we can’t hire you even as a part-timer
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The apostle of emerging markets
      2393 10 / 11  -  Mark Mobius talks to Vikram Khanna about investing in c untries wh re any fear to tread Vikram Khanna vikram@sph.com.sg LONG before investing in so-called emerging markets (essentially developing countries) became the rage, before any funds were set up, indeed, even before the catch-phrase “emerging
      ARTHUR LEE  -  2,393 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon QFB changes a boost for banking
      814 12  -  Retail and small-business customers in Singapore will probably benefit the most from the new set-up COMMENTARY Conrad Tan conradt@sph.com.sg Correspondent THE changes to Singapore’s qualifying full bank (QFB) programme unveiled by the Monetary Authority of Singapore (MAS) on hursday bode well for the banking
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    • Article, Illustration
      Lock icon DBS trebles US commercial paper programme to US$15b
      549 12  -  By Siow Li Sen lisen@sph.com.sg Singapore DBS Bank has trebled its US commercial paper programme to US$15 billion from US$5 billion as the bank continues to grow its US dollar loans. It announced yesterday that net proceeds from the notes will be
      REUTERS  -  549 words
    • Article
      Lock icon Market value of S’pore stocks up 9.8% in H1
      962 13  -  This has prompted some analysts to raise their ratings on the Singapore market By Lynette Khoo lynkhoo@sph.com.sg Singapore DESPITE the volatility in the first six months of this year, stocks here put up a resilient performance, prompting some analysts to raise
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    • Article, Illustration
      Lock icon Window-dressing helps STI gain 8.8% in first half
      958 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent IT’S not often that the end of the first half of the year coincides with an European Summit meeting, so when it does occur, it’s probably best to milk it for all its worth even if
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    • Business briefing
      • Article
        Lock icon Boustead Singapore wins contracts worth $20m
        64 14 ENGINEERING services provider Boustead Singapore has secured $20 million in contracts globally within the past month from the oil and gas industries. The contracts involve the construction of key large-scale process systems and waste heat recovery units for oil refineries and gas processing plants,
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      • Article
        Lock icon Amplefield makes acquisition in diversification move
        95 14 AMPLEFIELD said that it intends to diversify into property investment, property development, construction and building materials, and has acquired a 49.99 per cent stake in Niche Land Sdn Bhd for $9.2 million. The components manufacturer said the diversification is in line with its strategy
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      • Article
        Lock icon Castlemaine urges shareholders to accept LionGold offer
        71 14 LIONGold Corp said the directors of Castlemaine Goldfields, an Australian-listed junior gold mining company, have unanimously recommended that its shareholders accept LionGold’s all-share takeover offer. “Castlemaine’s gold assets, located in Central Victoria, are more likely to be developed to their the full potential
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      • Article
        Lock icon CapitaMall Trust Mgt CEO to be CapitaMalls Asia deputy CEO
        84 14 Reuters CAPITAMALL Trust Management (CMTM), the manager of CapitaMall Trust, said that Simon Ho Chee Hwee has resigned as chief executive officer of CMTM to take on a new role within the CapitaLand group as deputy CEO of CapitaMalls Asia.
        Reuters  -  84 words
      • Article
        Lock icon Dyna-Mac buys 70% stake in fabrication yard operator
        43 14 DYNA-MAC Holdings is acquiring a 70 per cent stake in Paliy Marine Fabricator (Guangzhou) for $3.8 million. Paliy Marine operates a fabrication yard in Nansha District, Guangzhou City, China, with a seafront available for use.
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      • Article
        Lock icon Popular Holdings posts higher Q4 earnings
        38 14 BOOK chain Popular Holdings posted a net profit of $4.69 million for the fourth quarter ended April 30, up from $2.22 million, while revenue was up 26.5 per cent at $140.57 million.
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      • Article
        Lock icon Creative expects Q4 revenue to fall below target
        50 14 CREATIVE Technology expects revenue for Q4 ending June 30, 2012 to come in below target, at about US$35 million, due largely to lower-than-expected demand from Europe. “As previously announced, the company expects to report an operating loss for the quarter,” it said.
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      • Article
        Lock icon STX OSV bags new construction contracts
        48 14 STX OSV Holdings said has secured new contracts worth 500 million Norwegian krone (S$106 million) for the construction of two Platform Supply Vessels (PSV) for Island Offshore. Deliveries are scheduled in the fourth quarter of 2013 and the second quarter of 2014.
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      • Article
        Lock icon EMS Energy acquiring stake in ship repair company
        58 14 EMS Energy has entered into a conditional agreement with Koastal Industries Pte Ltd for the acquisition of a 23.98 per cent stake in Nosco-Vinalines Ships Repair Company (NVC) for $6.4 million. A joint stock company registered in Vietnam, NVC’s principal business activity
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    • Article, Illustration
      Lock icon SembMarine files appeal
      539 15  -  High Court had dismissed its case against PPL Holdings for a 15% stake in PPL Shipyard By Nisha Ramchandani nishar@sph.com.sg Singapore SEMBCORP Marine (SembMarine) has filed an appeal after it lost its case against PPL Holdings (PPLH) for a 15 per cent stake in PPL Shipyard. SembMarine
      FILE PHOTO  -  539 words
    • Article
      Lock icon Volatility hits Asia-Pac H1 stock sales
      643 15 Reuters Hong Kong ASIA-PACIFIC stock sales dropped to a four-year low in the first half of 2012 as lingering concerns about Europe’s sovereign debt crisis and a slowdown in China rocked investors’ confidence in the equity capital market (ECM) and new listings in the
      Reuters  -  643 words
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      Lock icon Page 13 Advertisements Column 1
      119 13 THE GREAT CALE SINGAPORE NOWON rv r. k t f* caLLigans O calugans O U I M w m f 4 v I V~\ y Planet Table/ I L'eau^JSJ Parisienne Chair OmmiaiTable/i Bess (■hair STOREW DE D SCOU 0 ®.dvss.eyiTable^ Ui V (•bain My a NP Ihsr* St Widest Selection
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      48 15 Singapore Polytechnic has positions open in Teaching Changi Airport Group has vacancies in Airport Management MSD is recruiting a Senior Sourcing Specialist Singapore LNG Corporation is hiring a Production Manager Pratt Whitney is looking for an EH&S Engineer Check out more than 500 positions available in CATS Recruit
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Marrying science and business
      1194 16  -  On its tenth anniversary, home grown life science research institute Temasek Life Sciences Laboratory reviews its approach to research, sharing lessons learnt that has allowed it to pioneer molecular biology and genetics research which can address food, environmental, biosafety and biomedical crises. FROM THE DESK OF
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  • SINGAPORE NEWS
    • Article
      Lock icon Ku De Ta dispute goes to court on Monday
      529 17  -  Partners of Bali club bring trademark infringement lawsuit against Singapore nightclub By Grace Leong gleong@sph.com.sg A MONTH-LONG trial starts on Monday at the High Court of a high-profile trademark dispute that will determine if swish nightclub Ku De Ta at the
      529 words
    • Article, Illustration
      Lock icon OCBC RMs reach out to SMEs in Jurong
      182 17 SOME 300 relationship managers (RMs) from OCBC Bank went to 4,000 SMEs in Jurong yesterday door to door as part of the bank’s massive outreach exercise. Organised in conjunction with the first anniversary celebration of OCBC’s dedicated business banking centre in Jurong,
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    • Article, Illustration
      Lock icon Two new schemes to help the disabled
      491 17  -  By Audrey Tan audreyt@sph.com.sg MORE help will be extended to the disabled in Singapore, the Ministry of Community Development, Youth and Sports (MCYS) announced yesterday. Two new initiatives have been rolled out by the ministry an enhanced version of the current Assistive Technology
      ARTHUR LEE  -  491 words
    • Article
      Lock icon S’pore No 2 in revenue for Bosch in S-E Asia
      448 18  -  Company plans to further expand distribution channels, forge new partnerships here to drive growth By Glenn Choo gchoo@sph.com.sg WITH revenues of $228 million, Singapore is the second-largest revenue contributor in Southeast Asia for Bosch, the company said yesterday. Singapore, which
      448 words
    • Article
      Lock icon Companies losing out by overlooking women for higher positions
      486 18  -  By April Chye capril@sph.com.sg WOMEN in Asia are an overlooked pool of potential that could alleviate the acute talent shortage in the region, says McKinsey Company. In the consultancy’s first indepth study on women in corporate Asia, McKinsey reports that while
      486 words
    • Article, Illustration
      Lock icon The pillars that support inclusive growth
      662 18  -  By Audrey Tan audreyt@sph.com.sg DONOR money is drying up and social enterprises in the Asia-Pa-cific region are looking towards being both profit-driven and socially impactful, said participants at an industry forum this week. “Just because an organisation is doing good, it doesn’t mean they
      JASON HONRADO  -  662 words
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  • WORLD
    • Article, Illustration
      Lock icon Consumer spending, wages stay flat in May
      455 19 Consumer sentiment down in June to lowest level this year; income growth at 0.2% LATEST US DATA Bloom berg AP Washington US CONSUMERS spent no more in May than in April after seeing almost no gain in their pay, while confidence among consumers
      Bloomberg; AP; AFP  -  455 words
    • Article, Illustration
      Lock icon Split may see return of Lachlan Murdoch
      497 19 Reuters New York RUPERT Murdoch’s decision to become chief executive of a new, separate entertainment company split off from News Corp but not to head the new publishing business sparked speculation he was setting the stage for the return of his eldest son
      Reuters; REUTERS  -  497 words
    • Briefing
      • Article
        Lock icon FBI arrests Peter Madoff, brother of swindler Bernie
        77 19 Reuters New York The FBI said yesterday that it had arrested Peter Madoff, younger brother of swindler Bernard “Bernie” Madoff, who is serving a 150-year jail sentence for his multi-billion-dollar Ponzi scheme. He is the first Madoff family member to be arrested
        Reuters  -  77 words
      • Article
        Lock icon Govt tells Suu Kyi off for calling country ‘Burma’
        123 19 Reuters Yangon Myanmar’s government berated Nobel laureate Aung San Suu Kyi yesterday for disrespecting the Constitution by calling the country “Burma”, the latest sign of a straining of her ties with the reformist civilian rulers. The Union Election Commission ordered Ms
        Reuters  -  123 words
      • Article
        Lock icon Japan finds major rare earth deposits: researcher
        105 19 AFP Tokyo Japan has found a large deposit of rare earth minerals in its Pacific seabed, enough to supply its hi-tech industries for more than 200 years, a scientist said yesterday. Around 6.8 million tonnes of the valuable minerals used in electric cars,
        AFP  -  105 words
    • Article
      Lock icon US hospital shares surge after Supreme Court ruling
      606 20 But insurance stocks fall as profits could drop due to restrictive rules For hospitals, the good news is that the new healthcare law, which is aimed at extending insurance coverage to more than 30 million people, was upheld. That will mean fewer
      NYT  -  606 words
    • Article
      Lock icon Delhi’s new tax guidelines aim to reassure investors
      600 21 Finance ministry proposes that clampdown on tax avoidance won’t apply retrospectively or to cases below a certain monetary threshold Bloomberg New Delhi INDIA has proposed that a clampdown on tax avoidance due in 2013 won’t apply retrospectively or to cases below a
      Bloomberg  -  600 words
    • Article
      Lock icon India may face higher inflation risks: RBI
      436 21 Bloomberg Mumbai INDIA is likely to face elevated inflation risks from supply bottlenecks and lingering threats to economic expansion, the Reserve Bank of India (RBI) said. “Threats to stability are posed by the global sovereign debt problem and risk aversion, domestic fiscal position,
      Bloomberg  -  436 words
    • Article, Illustration
      Lock icon Strauss-Kahn and his wife go their separate ways
      438 21 Reuters Paris FORMER International Monetary Fund (IMF) chief Dominique Strauss-Kahn, who is facing a probe into his alleged involvement with a prostitution ring in France, and his wife have separated, a source said on Thursday. Anne Sinclair, a wealthy heiress who recently
      Reuters; AFP FILE PHOTO  -  438 words
    • Article
      Lock icon China vows to continue economic reforms
      581 22 Prudent policy on interest rate, currency to be kept despite slow growth: officials Reuters Shanghai CHINA’S top financial policymakers yesterday expressed determination to push on with their campaign to reform and rebalance the world’s second-largest economy even as growth cools. Manufacturing activity has slowed
      Reuters  -  581 words
    • Article, Illustration
      Lock icon Nomura CEO’s pay cut as atonement
      487 22 Reuters Tokyo NOMURA Holdings yesterday admitted to widespread failures in protecting confidential client information and will slash pay for top executives and shut down an equity sales operation for a week as Japan’s largest brokerage tries to resolve a damaging insider trading probe. Nomura
      Reuters  -  487 words
    • Article
      Lock icon Japan’s factory output drops 3.1%
      166 22 AP Tokyo JAPAN’S factory output declined 3.1 per cent in May from the previous month as the world’s third biggest economy grapples with weaker European demand and an uneven recovery from last year’s tsunami disaster. It was the second consecutive month of decline in industrial
      AP  -  166 words
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      Lock icon Page 20 Advertisements Column 1
      516 20 THE POWER OF EFFECTIVE BRANDING THINKING STRATEGIES Who should attend: Senior Management and Professionals in Brand Management, Public Relations Advertising, Sales Marketing, Business Development, Entrepreneurs and individuals looking to market and brand their identity Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS FULL-DAY SEMINAR Critical Thinking Sun Tzu’s Art of War Style Tue,
      516 words
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  • Article
    Lock icon SGX
    7945 23 Transaction date: Jun 29 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 16 11.5 8Telecom 13.8 13.8 18 66.8 0.4 3.3 66.1 8 3.8 A-Sonic 4 unch 100 4 4 4 4.7 3.3 28.6
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  • Article
    Lock icon SGX CATALIST
    1708 26 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 $mil 34 12.1 t 800 Super 17.2 +0.2 973 17.2 16.9 17.2 17.5 4.7 3.2 6.7 30.8 4 2.5 t AA Grp 3.6 2.9 3.6 3.5
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 2 0 0 0 12 2 2 Manufacturing 80 25 29 5 4 12 85 29 41 Commerce 34 5 13 2 1 6 36 6 19 Tpt/Stor/Comms 26 8 7
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    732 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 25 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Pacific Healthcare 28-Jun-12 Pacific Investments Buy 67 0.10 ***** 7.01 ***** 7.03 Pacific Healthcare 28-Jun-12 Chong Lai
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    122 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,337 34,337 115,677 115,677 Manufacturing 338,442 98,532 436,974 287,070 4,822 291,892 Commerce 196,484 7,576 204,060 167,261 494 167,754 Tpt/Stor/Comms 129,884 14,580 144,464 239,535 3,296 242,831 Finance 36,158 108,667 144,825 309,920 52,059 361,979 Construction 158,086 2,220
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Jun 28 COCOA (£/tonne) Close Prev High/Low Jul 12 1587 1565 1591/1550 Sep 12 1551 1539 1559/1531 Dec 12 1528 1517 1532/1510 Mar 13 1507 1499 1509/1490 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2054 2062 2064/2050 Sep 12 2089 2098 2098/2082 Nov 12 2087 2100 2100/2079 Jan 13 2064
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      Lock icon METALS
      69 27 Jun 29 GOLD(US$/oz) Jun 29 Jun 28 Hong Kong 1577.00 1580.00 Hong Kong Jun 28 Jun 27 London 1555.46 1569.50 1556.23 1570.50 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 34.10 33.43 Source: UOB PLATINUM Lon (US$/oz) Jun 28 Close Previous PM Fix 1402.00 1408.00 AM Fix 1406.00
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      Lock icon PALM OIL
      60 27 Jun 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 2993.0 2983.00 3009.0 2983.0 233 2544 Aug 12 2999.0 2991.00 3022.0 2985.0 1728 ***** Sep 12 3010.0 2998.00 3030.0 2991.0 ***** ***** Oct 12 3012.0 3000.00
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      Lock icon GOVERNMENT SECURITIES
      84 27 Jun 29 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 27-Sep-12 0.28 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.14 5-Year N*****0Z 2.375 01-Apr-17 109.18 10-Year NY*****X 3.125 01-Sep-22
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Jun 29 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2911 1.2923 1.0164 1.0165 Canadian dollar 1.2374 1.2390 0.9746 0.9741 Euro 1.5954 1.5968 1.2559 1.2560 NZ dollar 1.0127 1.0142 0.7972 0.7978 Sterling pound 1.9838 1.9860 1.5617 1.5622
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      Lock icon SMX MARKET UPDATE
      132 27 As on 28 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 524.50 516.75 519.20 893 CURRENCY EUR-USD FUT SEP2012 1.2531 1.2419 1.2427 1083 BASE METAL COPPER FUT JUL2012 7405 7320 7334 4137 COPPER FUT SEP2012 7337 7334
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      Lock icon CHICAGO BOT
      103 27 Jun 28 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 12 1466.00 1471.00 1481.00 1455.75 Aug 12 1446.25 1456.00 1465.00 1438.75 Sep 12 1417.50 1426.00 1434.50 1409.00 Nov 12 1403.50 1412.00 1422.50 1392.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 12 50.92 51.36 51.52 50.60
      103 words
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      Lock icon OIL
      68 27 Jun 28 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 92.35 -1.02 WTI (Near Mth) 78.13 -2.18 Dubai (1-Mth F) 90.85 0.40 Tapis blend 96.09 0.63 Minas 97.59 0.63 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.61 1.55 Jet Kerosene 108.63 0.52 US$/barrel OpecOil Basket Price 90.91
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Jun 29 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.314 1.252 Can dollar 1.267 1.207 Euro 1.630 1.553 Sterling pound 2.024 1.947 NZ dollar 1.035 0.986 US dollar 1.298 1.249 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon LONDON METALS
      69 27 Jun 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1808.25 1832.75 3 months 1845.00 1871.00 Copper, Grade A (US$/tonne) Cash 7391.75 7419.75 3 months 7385.00 7405.00 Lead (US$/tonne) Cash 1762.75 1742.25 3 months 1777.00 1759.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 28 Index Change Change Change Change Change Change World Preliminary 847.1 -0.5 2.1 -0.3 -0.3 -0.6 1.0 EAFE Preliminary 679.8 0.1 -0.3 0.3 -4.0 0.0 -2.8 Europe Preliminary 1004.9 -0.4 -2.1
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      Lock icon STOCK MARKETS
      108 27 Straits Times Index YTD change: +8.77% 52-week high: 3,227.28 on Aug 1,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change: +5.46% 52-week high: 22,835.03 on July 8,2011 52-week low: 16,170.35 on Oct 4,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change: +1.18% 52-week
      Source: Bloomberg  -  108 words
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  • PERSPECTIVE
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      Lock icon Great price discounts: at what cost?
      841 28 / 29  -  Promotional activities may give sales a boost but they may hurt a brand’s profitability and value in the long term. By Joan Koh By Joan Koh ~The writer is managing director (Singapore and Malaysia) at Nielsen, a leading global provider of information and insights
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      Lock icon Long struggle of power in M-E but there’s hope for Egypt
      945 28 / 29  -  LEON HADAR Washington Correspondent SO here we are a year-and-a-half after the start of the protests of Tahrir Square in Cairo that the Arab Springers in the media had promised us would give birth to a New Middle East
      REUTERS  -  945 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon BROKERS' TAKE
        712 30 / 31  -  Compiled by Lynn Kan Singapore banks NEUTRAL DMG Partners Research June 29 NEW rules may increase long-term competition in Singapore banking space. Deputy Prime Minister of Singapore, Tharman Shanmugaratnam, at a speech at the Association of Banks Singapore dinner, announced that significantly rooted Qualifying Full Banks (QFBs) will
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        Lock icon Conman spills the beans on how to avoid being conned
        1540 32  -  Serving 22-year sentence for fraud, Samuel Israel likes to tell you about his mistakes and acts as if he’s known you forever By Andrew Ross Sorkin NYT New York“IAM a proven liar. Don’t believe anything I say.” That was what
        NYT; BLOOMBERG FILE PHOTO  -  1,540 words
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        Lock icon Challenging the belief in ‘shareholder value’
        1037 30 / 31  -  A recent book argues that shareholders do not own a company and directors are not obligated to give them any and all profits. By Jesse Eisinger By Jesse Eisinger NYT New York IT’S a bedrock principle of our era: companies should be run for
        NYT; STOCK.XCHNG  -  1,037 words
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        Lock icon MF Global exposes regulatory loophole
        1276 33  -  In effect, firms could do what they want with customer money, including using it to speculate for their own accounts By James Stewart NYT New York IF NOTHING else, the collapse of MF Global has made one thing clear: the notion that customer assets were
        NYT; BLOOMBERG  -  1,276 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        958 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 30 AND JUNE 5, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Eon Shenton Apt 01/06/2012 99 538 1439 2675 Eon Shenton Apt 05/06/2012 99 538 1427
        958 words
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        Lock icon Raffles Place office rents fall to Orchard levels
        487 35  -  3% drop from a quarter ago puts Raffles Place rates 15-20% below their cyclical high in Q311 By Mindy Tan tanmindy@sph.com.sg Singapore CONTINUED rent decline in Raffles Place has put Grade A office rents in Orchard on a par with the former
        FILE PHOTO  -  487 words
      • Article
        Lock icon 5 industrial plots launched for sale
        506 35  -  The sites released by JTC are in Mandai, Tuas and Tampines By Mindy Tan tanmindy@sph.com.sg Singapore JTC Corporation has launched five plots of land for sale by public tender under the Industrial Government Land Sales (IGLS) programme. The first, a 2.2-ha site at Mandai
        506 words
      • Article
        Lock icon Oracle CEO closes deal to buy 98% of Hawaii’s island
        342 35 AP Honolulu ORACLE Corp CEO Larry Ellison has finalised his deal to buy most of the Hawaiian island of Lanai, the island’s seller said on Thursday. Billionaire David Murdock’s Castle Cooke Inc said that the deal has been completed for
        AP  -  342 words
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      181 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLEE DE JOUX, THE JURA. FOR MILLENIA, A HARSH, UNYIELDING ENVIRONMENT A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE EXISTENCE A SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE
      181 words
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      69 1 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 30 -JULY 1 2012 DINING Fast food with a twist L6-8 THE DABBOUS EFFECT London’s hottest new restaurant that you can’t get into (And a few others outside London that you’ll want to go to) L2-5 DESIGN In nature’s realm L10-11 EURO 2012 Two views
      69 words
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  • BT Living
    • DESTINATION DINING
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        Lock icon The Dabbous effect
        1726 2 / 3  -  London’s hottest new restaurant brings a new high to the culinary scene, and actually lives up to the hype. By Jaime Ee By Jaime Ee LONDON food critics must be a pretty co-operative bunch. Ever since the influential Fay Maschler of the Evening Standard called chef Ollie
        1,726 words
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        Lock icon Adventures beyond London
        2050 2 / 3 With more restaurants outside London winning Michelin stars and other culinary awards, dining outside the city can be a gastronomic adventure Restaurant Nathan Outlaw St Enodoc Hotel, Rock, Cornwall PL27 6LA UKZ+44 (0) 1208 862 737 www.nathan-outlaw.com £85 for dinner without wine HOW far will you drive
        2,050 words
    • DINING
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        Lock icon FAST FOOD WITH A TWIST
        3554 6 / 7  -  Yet another burger or pizza joint or is it? BT Weekend chomps through a serving of new eateries that are shaking up fast food stereotypes. By Debbie Yong, Tan Teck Heng and Aaron Justin Tan By Debbie Yong, Tan Teck Heng, Aaron Justin Tan debyong@sph.com.sg
        GERALDINE MOSTACHFI; YEN MENG JIIN  -  3,554 words
    • GADGETS
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        Lock icon Tough tech
        617 9  -  If scaling steep rock inclines or rolling with the punches on a beach is up your alley, Christopher Lim has the low-down on the high-tech just out Christopher Lim limchris@sph.com.sg Motorola MotoActv $399 Apple’s iPod Nano created the niche for tiny touchscreen media players that can be worn
        617 words
    • DESIGN
      • Article, Illustration
        Lock icon In nature’s realm
        584 10 / 11  -  At Resort World Sentosa’s two Tree Top Lofts which are cantilevered on four steel columns of 1.3m in diameter, guests are surrounded by a forest. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg HOTEL rooms surrounded by lush gardens are a dime a dozen. But at
        PHOTOS: JOHN HENG  -  584 words
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        Lock icon Go ‘cor blimey’ at the Gardens
        807 10 / 11  -  By Tay Suan Chiang taysc@sph.com.sg IT has taken five years to construct, but Bay South Garden, the first of three waterfront gardens that make up the 101ha Gardens by the Bay project has finally opened. Spread across a 54ha space, the billion-dollar Bay South
        PHOTOS: JOSEPH NAIR  -  807 words
    • WELLNESS
      • Article, Illustration
        Lock icon Spa hotspots
        1532 12 / 13  -  Whether it’s stressed tresses, special kneads or nailing a grooming problem, BT Weekend gets the heads-up on brand-name spas with top-of-the-line treatments By Tay Suan Chiang taysc@sph.com.sg By Jaime Ee jaime@sph.com.sg Espa at Resorts World Sentosa 8 Sentosa GatewayZ 6577-8888 www.rwsentosa.com WHEN Espa opens at Resorts World Sentosa
        PHOTOS: JOHN HENG  -  1,532 words
    • STYLE
      • Article, Illustration
        Lock icon Postcards from the edge
        815 14 / 15  -  At a time when the world is teetering on the brink of financial crisis, menswear escapes to bygone eras of ease and simplicity. By Daniel Goh By Daniel Goh WHEN the going gets tough, the fashion world looks for safety. At Milan’s Menswear Spring/Summer 2013, designers
        PHOTOS: WIRES  -  815 words
    • EURO 2012
      • Article, Illustration
        Lock icon Quest to enter football’s history books
        777 16  -  Winning the the Euro 2012 final will make Spain the 1st nation to win 3 major tournaments on the trot Lee U-Wen leeuwen@sph.com.sg Correspondent ITS place in the Euro 2012 final secured, Spain are now just 90 minutes away from cementing their place as
        777 words
      • Article, Illustration
        Lock icon Underdogs looking to steal a win
        627 16  -  Pace, a water-tight defence and tactical awareness can help Italy beat the odds and snatch the title Malminderjit Singh msingh@sph.com.sg Correspondent THEY may be the underdogs, but that tag should not be a measure of Italy’s prospects of winning the Euro 2012 title this
        627 words
    • GOLF
      • Article, Illustration
        Lock icon Playing in diverse Sarawak
        1351 17  -  A number of unique courses are spread throughout the largest Malaysian state. By Justine Moss btnews@sph.com.sg ONE of two Malaysian states on the island of Borneo, Sarawak is home to a number of diverse ethnic groups, each with its own distinct language, culture and lifestyle. It
        1,351 words
    • MOTORING
      • Article, Illustration
        Lock icon JEEP THRILL
        651 18  -  The new Jeep Wrangler Sahara Unlimited 3.6 combines the spirit of the original with the comforts of modern day motoring. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE rugged Jeep Wrangler may be the perfect automotive lifestyle accessory for some, but for others its basic interior may not
        651 words
      • Article, Illustration
        Lock icon POWER TRIP
        701 19  -  There is no doubt that everything about the Opel GTC OPC exudes power and aggression. By Samuel Ee samuelee@sph.com.sg FEW hatchbacks can be described as beautiful but there is no question that the Opel GTC OPC is one of them. The three-door GTC hot hatch has a racy
        701 words
      • Article, Illustration
        Lock icon 2 doors good, 4 doors better
        548 20  -  Audi has incorporated an extra two doors to the A1, coming up with the A1 Sportback. By Samuel Ee samuelee@sph.com.sg ACAR with fewer doors almost always looks sleeker and sportier. But not in the case of the Audi A1 Sportback. The A1 was first
        548 words
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      909 4 / 5 wine&dinewith BTWeekend Chatterbox Level 35, Mandarin Orchard Singapore 333 Orchard RoadZ6831-6288 Chatterbox was the talk of the town since Mandarin Orchard Singapore commenced its operations in 1971. Featuring a spread of local heritage cuisines, Chatterbox was the first hotel restaurant that made local food famous both locally and worldwide. Feast
      909 words
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      113 12 / 13 THE SOUND VISION SPECIALIST AV ONE 2012 COLLECTIONS ■mm Zikmu designed by Philippe Starck Now: $2,688 Black,White, Red Available Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO VISUALISM" U Sony, Infocus, Panasonic Full HD 3D Projector Made in Japan, From $2,699 $35,000 i Tr n T Morel Lifestyle
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      258 14 / 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or a
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      34 17 HOME NEE k S It's time to finally get rid of these pests! To find out more, turn to CLASS 116 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT
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