The Business Times, 7 July 2012

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Microfilm: NL32073
Total Pages: 52
1 55 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| JULY 7-8, 2012 S$1.00| MICA (P) 121/08/2011
    14 words
  • Article
    Lock icon Amendments on the way
    32 1 CASINO RULES THE government is proposing amendments to the Casino Control Act to discourage low-income gamblers and ensure the two IRs provide sustained economic benefits to Singapore.| 2
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  • Article
    Lock icon Shoddy financial advisers exposed
    35 1 MYSTERY SHOPPERS AN MAS survey has found that almost one-third of the product recommendations by financial advisers were assessed as “unsuitable”, while adequate product disclosures were found to be lacking. 6
    35 words
  • Article
    Lock icon Athens on reform path
    28 1 GREEK PROMISE GREEK Prime Minister Antonis Samaras said his government would focus on turning around its economy and proceed with a privatisation plan. 7
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  • Article
    Lock icon Big plans for countryside
    37 1 NATURAL PRODUCE REDEVELOPMENT plans for Kranji’s rural areas have been drawn up by the Kranji Countryside Association, and member farms are hopeful that a new farmers’ hub will be built by 2014.| 18
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  • Article, Illustration
    Lock icon Dismal pace of hiring in June puts more pressure on Fed
    794 1 LATEST US DATA Reuters AFP Washington EMPLOYERS in the US hired at a dismal pace in June, raising pressure on the Federal Reserve to do more to boost the economy. President Barack Obama, whose chances of re-election in November
    Reuters; AFP  -  794 words
  • Article, Illustration
    Lock icon Chinese bank to clear yuan deals in S’pore
    620 1  -  China to expeditiously process S’pore banks’ applications to open branches, sub-branches By Siow Li Sen lisen@sph.com.sg Singapore INGAPORE’s bid to be a major offshore yuan centre just got turbo-charged. Under an enhanced free trade agreement (FTA), two Chinese banks will get full
    AFP  -  620 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        59 2 GSTI 2,978.55 (+7.08) GSTI FUTURES 2,977.00 (+7.00) GSIMSCI 343.09 (+1.01) GSIMSCI FUTURES 342.40 (+0.60) STOCKS Friday Change KL COMP 1,620.55 +6.12 NIKKEI 225 9,020.75 -59.05 HANG SENG 19,800.60 -8.49 SET 1,200.08 -1.72 JAKARTA 4,055.20 -14.64 MANILA 5,362.68 -7.30 KOSPI 1,858.20 -17.29 SHENZHEN B 639.87 +5.10 MUMBAI IND 17,521.10 17.55
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.471 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
        Lock icon FOREX
        49 2 FOREX US$ S$ US$ (S$ per US$) 1.268 (US$/S$ per 1.554 1.970 EURO(US$/S$/E) 1.239 1.571 Foreign currency per US$ S$ YEN 79.90 63.00 RM 3.173 2.503 HK$ 7.754 6.117 BAHT 31.63 24.95 RUPIAH 9,397 7,413 RENMINBI 6.364 5.021 INDIAN RUPEE 55.40 43.70 A$ 0.973 0.768 NZ$ 1.245 0.982
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    • Article, Illustration
      Lock icon Govt set to beef up Casino Control Act
      985 2  -  IRs’ licence renewal may be conditional on their performance as tourist destinations By Grace Leong gleong@sph.com.sg Singapore MORE must be done to discourage low-income gamblers from frequenting the casinos, fight casino crime and hold the two integrated resort (IR) operators to their
      FILE PHOTO  -  985 words
    • Article, Illustration
      Lock icon The happiest engineer in the world
      965 3  -  Google’s Jolly Good Fellow has new project creating ‘conditions for world peace’ By Victoria Ho vhoip@sph.com.sg Singapore TAN Chade-Meng wants world peace. He wants it so keenly that he switched careers within Google, going from engineering to constructing a “happiness framework” within the organisation.
      965 words
    • Article, Illustration
      Lock icon Shipping industry veteran to helm Tiger Airways
      504 4  -  Koay Peng Yen comes on board on Aug 10 as carrier’s 4th chief exec By Ven Sreenivasan ven@sph.com.sg Singapore AFTER a global search stretching over more than four months, Tiger Airways has finally chosen a shipping industry veteran as its new chief executive
      504 words
    • Article, Illustration
      Lock icon MAS mystery shoppers expose shoddy financial advisers
      835 6  -  One-third of product recommendations were assessed as “unsuitable”, survey finds By Wang Xin Min wangxm@sph.com.sg Singapore A RECENT mystery shopping survey by the Monetary Authority of Singapore (MAS) has confirmed some misgivings about the financial industry: When it comes to providing customers with
      BLOOMBERG  -  835 words
    • Article
      Lock icon Scandals chip away London’s status as financial hub
      579 6 Bloomberg London LONDON risks losing its status as the world’s top financial centre as the US$360 trillion interest rate fixing probe follows a series of market abuses by banks that eroded trust in a city already shrinking faster than rivals. JPMorgan Chase
      Bloomberg  -  579 words
    • Article, Illustration
      Lock icon Greek PM Samaras vows to get reforms back on track
      504 7 He will also focus on turning around the economy, push privatisation Reuters Bloomberg AP Athens GREEK Prime Minister Antonis Samaras yesterday said that his new government would focus on turning around its recession-hit economy, proceed with a privatisation plan and
      Reuters; Bloomberg; AP; AFP  -  504 words
    • Article, Illustration
      Lock icon Waiting for that crowd-pulling shot
      578 8  -  Having invested $4.5m in Singapore Cup, sponsor RHB now wants packed stadiums to ‘make things more exciting’ By Lee U-Wen leeuwen@sph.com.sg Singapore WHEN the Football Association of Singapore (FAS) came knocking seven years ago in search of a title sponsor for the Singapore Cup, the
      578 words
    • Article
      Lock icon Record deals at Int’l Water Week
      350 8  -  By Lynn Kan lynnkan@sph.com.sg Singapore APPETITE for investing in water projects seems to have swelled in the past year. Deals, projects and memoranda of understanding agreed at the just concluded Singapore International Water Week (SIWW) reached a record $13.6 billion a huge increase from
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    • Article
      Lock icon Reform Party chief seeks to block US$4b loan to IMF
      471 8 Singapore THE Reform Party’s secretarygeneral Kenneth Jeyaretnam is taking court action to block the Singapore government’s US$4 billion loan commitment to the International Monetary Fund (IMF). This came after a series of blog posts by Mr Jeyaretnam asserting that the
      471 words
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      Lock icon Page 2 Advertisements Column 1
      64 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 35 LIVING Home Garden L2-5 Dining L6-8 Style L9 Shopping L10-11 Design L12-13
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      78 3 MARINA BAY RESIDENCE, then ASIA SQUARE, now V ON SHENTON 'Going further, only to get you closer a HIGHEST futuristic value project!" Cherlyn Soh PRELAUNCH soon! ON SHENTON savills Max lifestyle living weaved into max city-living sworn by the givens of location -now Per-fActed. THE INVITED VVIPs ONLY Latest Architectural
      78 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      258 5 A STRAITS TIMES APPRECIATES READERS EVENT IJi mm Sunday, July 15 2012 GARDENS BY THE BAY $67 for The Straits Times Readers (Usual Price $75) Taufik Batisah VC FREE TICKETS to Universal Studios Singapore® Singapore Flyer r\ hW k Over $100 worth of goodies You can buy and collect tickets
      258 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      517 7 THE POWER OF EFFECTIVE BRANDING, SELLING 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
      517 words
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  • WEEK IN REVIEW
    • THIS WEEK July 2-6, 2012
      • Article
        Lock icon Market selldowns spur share buybacks
        67 9 LISTED companies, stung by market selldowns due to the eurozone debt crisis, have bought back their own shares with a vengeance in the second quarter. Total buyback value reached $904.5 million as at June 29, according to data compiled by ShareInvestor and BT, more than
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      • Article
        Lock icon Singapore to be ‘one of the jewels in the tropics’
        45 9 AS densely populated as Singapore may be, the government remains committed to improving liveability standards such that the city-state becomes known as “one of the jewels in the tropics”, said Prime Minister Lee Hsien Loong.
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      • Article
        Lock icon At Office, cubicles go out the Windows
        47 9 THE cubicle is set to go the way of landline phones and the eighttrack, Microsoft reckons. Employees at its Marina Boulevard office are free to roam with laptops across an open-plan space that looks more like Starbucks than white-collar purgatory.
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      • Article
        Lock icon Asean traders still waiting for missing link
        55 9 JUNE has come and gone and there’s still no sign of the Asean trading link, which was supposed to have been launched last month. For some reason, market players have gone strangely silent on the link, given that proposed mergers between stock exchanges
        55 words
      • Article, Illustration
        Lock icon Defiant Diamond steps down, but may tell all
        77 9 THE man who admitted that his bank had collaborated in rigging interest rates was forced out on Tuesday kicking and screaming. Barclays chief executive Bob Diamond finally bowed to political and City pressure and resigned days after the bank was fined £290
        REUTERS  -  77 words
      • Article
        Lock icon June PMI holds steady, but electronics slips
        60 9 SINGAPORE’S manufacturing sector may have bucked the global trend of receding purchasing managers’ indices for a second month in June, but economists say factory activity may come under pressure in the next few months. The barometer of industrial activity held steady last month
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      • Article
        Lock icon Parkway returns to market as a bigger, heftier animal
        65 9 IT could very well end up being the year’s hottest initial public offering. Nearly two years after it was delisted, Parkway is coming back to the Singapore Exchange under a different guise this time bigger and better as part of consolidated
        65 words
      • Article
        Lock icon Alldressedup but facing claims in court
        60 9 LOCAL fashionista Tina Tan-Leo is facing breach of fiduciary duty claims filed in the High Court by liquidators of Living The Link, a luxury fashion and lifestyle boutique that went bust in 2008. At issue is $7.29 million in cash and assets that Ms
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      • Article
        Lock icon Train disruption inquiry doesn’t pull any punches
        57 9 THE massive MRT service disruptions on Dec 15 and 17 last year could have been avoided if adequate maintenance measures and checks were carried out. And while SMRT’s response focused on train safety and operations, it should have been on the well-being of
        57 words
      • Article
        Lock icon ECB cuts rates to kickstart growth
        58 9 STOCK markets jumped and the euro fell, following moves by the European Central Bank and the Bank of England to ease credit in an attempt to reflate depressed economies. The ECB met market expectations and lowered its main policy rate by 25 basis points
        58 words
      • Article
        Lock icon Offer for F&N’s HK unit unfair, says adviser
        51 9 A SPANNER has been thrown in the works of a proposed privatisation deal involving Frasers Neave and its subsidiary Frasers Property (China) Ltd. Shareholders of the subsidiary have been advised to vote against the privatisation deal, which would pay them HK$0.28 per
        51 words
    • Article
      Lock icon NEXT WEEK July 9-13, 2012
      91 9 US DATA July 11 May trade balance May wholesale inventories July 12 June import/export prices June treasury budget July 13 June PPI July Michigan Sentiment SINGAPORE DATA July 13 Advance Q2 GDP estimates May retail sales and food and beverage services indices CHINA DATA July
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      362 9 Across 1 Low bash organised by lad with nothing lacking (6) 4 Preliminary entertainment with a jolly at college (4-2) 8 Flattery from gentle older citizen defending son (4,4) 10 Conflict beginning to tarnish point of view (6) 11 One revered actor on radio (4) 12 Companion with idiot largely
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      12 9 SATURDAY with Ludwig No, you can’t find the Higgs boson particle here
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Enduring passions
      1866 10 / 11  -  Dialog Group’s Ngau Boon Keat is able to speak dispassionately about his own traumatic childhood in China, but he can barely hide his excitement when he talks about the Pengerang deepwater terminal project and the MyKasih or Love My Neighbourhood programme. By Pauline Ng By Pauline Ng OF
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  • COMPANY NEWS
    • Article
      Lock icon High-dividend equities are best: Stanchart
      463 12  -  They will hedge against inflation, achieve better returns, and will outperform in a low-growth environment By Kenneth Foo kenfoo@sph.com.sg Singapore WITH the global economy expected to “muddle through” the second half of this year, highdividend equities will be an investor’s best bet to hedging against
      463 words
    • Article, Illustration
      Lock icon SMRT promises more improvements
      443 12  -  By Samuel Ee samuelee@sph.com.sg Singapore SMRT Corporation says that it has followed a maintenance regime that has worked well in the past 25 years. But it also recognises the need for its systems and processes to evolve as it responds to clear challenges arising from the
      BLOOMBERG  -  443 words
    • Article, Illustration
      Lock icon GSH eyes property development deals
      498 13  -  It will grow its existing distribution concern but also wants to increase the breadth and depth of its business By Kenneth Lim kenlim@sph.com.sg Singapore GSH Corp is exploring strategic deals in the property development sector, the chief executive revealed yesterday, as shareholders lowered the drawbridge
      FILE PHOTO  -  498 words
    • Article
      Lock icon LionGold continues acquisition spree
      410 13  -  By Cai Haoxiang haoxiang@sph.com.sg Singapore THE gold hunt continues for LionGold Corp. In yet another strategic move, the mainboard-listed company said it entered into two agreements with Australian base and precious metal producer Bass Metals Limited (BSM) on Thursday. The first is to buy a full
      410 words
    • Article, Illustration
      Lock icon Europe’s bailout and rate cut drive up STI
      897 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent A GRAND bailout of European banks allowing them to receive money directly from bailout funds without having to get government approval and a European Central Bank interest rate cut were the main impetus for a 100-point
      897 words
    • Business briefing
      • Article
        Lock icon Scorpio East says review recommendations implemented
        100 14 SCORPIO East Holdings says it has “fully implemented” all the policies, processes and procedures recommended by KPMG. The independent review had been ordered by the Singapore Exchange after special auditors uncovered “round-tripping” of cash and other irregularities last year. Its board said yesterday that
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      • Article
        Lock icon Mermaid Maritime director accused of wrongdoing at TTA
        113 14 MERMAID Maritime Public Company says that accusations have been levelled against one of its directors, ML Chandchutha Chandratat, in Thailand. The company said it has been alleged that Mr Chandratat, in his capacity as president and CEO of Thoresen Thai Agencies plc
        113 words
      • Article
        Lock icon Auric Pacific unit Delifrance settles lawsuit
        82 14 AURIC Pacific Group said that its subsidiary Delifrance Singapore Pte Ltd and Lim Chee Guan Food Industries Pte Ltd have reached an amicable confidential settlement “in the spirit of goodwill”, mutually withdrawing all the allegations made against each other in recent lawsuits and have
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      • Article
        Lock icon CapitaLand unit increases registered capital
        114 14 CAPITALAND says its 51.7 per cent owned subsidiary, Chongqing CapitaLand Guyu Xiongguan Real Estate Co Ltd, has increased its registered capital from $377 million to $657 million, by way of a cash injection of $280 million by Chongqing CapitaLand’s sole shareholder, CMA China Investment 1
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      • Article
        Lock icon World Precision Machinery increases investment in China unit
        77 14 WORLD Precision Machinery has increased its investment in its wholly owned subsidiary, World Heavy Machine Tools (China) Co Ltd, by way of a cash injection of US$4 million. Following the above capital injection, the paid-up capital of the unit increased to US$10.5
        77 words
    • Article
      Lock icon Nera buyout by ST Engg fails
      492 15  -  Requisite majority required to vote in favour of the scheme of arrangement was not obtained at meeting By Cai Haoxiang haoxiang@sph.com.sg Singapore MINORITY shareholders of Nera Telecommunications have blocked Singapore Technologies Engineering’s (ST Engg) bid to take it private. ST Engg’s electronics arm ST
      492 words
    • Article, Illustration
      Lock icon SGX says it’s ready to trade yuan securities
      376 15 Xinhua Singapore SINGAPORE exchange (SGX) announced yesterday that it is ready to list, quote, trade, clear and settle securities denominated in Chinese yuan, aiming at a more important role in offshore yuan markets. Issuers listing yuan securities on SGX can also choose
      Xinhua; FILE PHOTO  -  376 words
    • Article
      Lock icon Limited upside for IHH, says report
      193 15 Reuters Kuala Lumpur PUBLIC Investment Research started world’s second largest healthcare company IHH Healthcare Bhd with a fair value of RM2.98 per share, some 4.6 per cent higher than its IPO price of RM2.85. “Although we expect to see sustained trading interest in the
      Reuters  -  193 words
    • Article
      Lock icon F&N: No adjustment to unaudited NAV of unit
      214 15  -  LETTER TO THE EDITOR Hui Choon Kit Group Financial Controller Fraser and Neave, Limited WE refer to the article in “Offer for F&N’s unit unfair, says adviser” (BT, July 6). We wish to point out that there is an inaccuracy in the
      214 words
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      585 13 WATS NOTICES In the Matter Of The Companies Act, Cap. 50 And In The Matter Of (i) MONVILLE PROPERTIES PTE LTD UEN *****3911E And (ii) HOCK TEH PTE LTD UEN *****1851N NOTICE OF CREDITORS’ MEETING PURSUANTTO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon A worthwhile long-terminvestment
      1038 16  -  Raising productivity by automating business processes can be a laborious and expensive undertaking, but it is an important key to corporate growth FROM THE DESK OF Low Gee Sing Managing Director of Sage Asia THE National Wages Council (NWC) recommended in May that workers here get built-in
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  • SINGAPORE NEWS
    • Article
      Lock icon Yale-NUS College holds its groundbreaking
      540 17  -  PM Lee: school adds distinctive feature to higher education scene, another degree option By Malminderjit Singh msingh@sph.com.sg SINGAPORE took a concrete step in its plans to include a liberal arts component in its increasingly diverse higher education landscape yesterday. The Yale-NUS College, the country’s first
      540 words
    • Article, Illustration
      Lock icon Let locals see all of Gardens for free
      536 17  -  SATURDAY SOAPBOX Lee U-Wen leeuwen@sph.com.sg Correspondent AND so Singapore’s latest “must-see” attraction, the much-anticipated Gardens By The Bay, is finally open. I had the chance to visit this picturesque, billion-dollar downtown park on Wednesday as the closing dinner for delegates attending the
      REUTERS  -  536 words
    • Article
      Lock icon LKY bilingualism fund stands at $119m
      441 17  -  By Lee U-Wen leeuwen@sph.com.sg THE Lee Kuan Yew Fund for Bilingualism set up just over seven months ago by Singapore’s founding prime minister to promote bilingualism among the young currently stands at $119 million, and counting. This is well above its initial target of
      441 words
    • Article, Illustration
      Lock icon Big plans for Singapore’s countryside
      1143 18  -  Kranji Countryside Association unveils redevelopment plans for a nature hub By Audrey Tan au d reyt@s p h .co m .sg REDEVELOPMENT plans for Kranji’s rural areas have been drawn up by the Kranji Countryside Association (KCA), and member farms are hopeful that a new
      FILE PHOTO  -  1,143 words
    • Article
      Lock icon SPH tops annual HR awards
      234 18  -  By Cai Haoxiang haoxiang@sph.com.sg SINGAPORE Press Holdings (SPH) scooped up seven awards at the annual Singapore HR Awards 2012 last night. This included the top award the Corporate HR Champion which it also won last year and in 2008. IBM Singapore, the Institute of Technical
      234 words
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  • WORLD
    • Article, Illustration
      Lock icon Eurozone crisis impact evident in Asia: IMF
      605 19  -  Many economic indicators have weakened, not just in US and Europe By Anthony Rowley bt wo rl d @s p h .co m .sg Tokyo ASIA is far from immune to the impact of the eurozone crisis, International Monetary Fund managing director Christine
      BLOOMBERG  -  605 words
    • Article
      Lock icon Women often trail men in global workplace: poll
      267 19 AP New York WOMEN in nearly every region of the world are less likely than men to work the number of hours they want, according to a new Gallup poll that spoke with more than 187,000 adults worldwide. The study released on
      AP  -  267 words
    • Article
      Lock icon Banks’ debt lifeline for Spain starting to fray
      398 19 Reuters Madrid DOMESTIC banks that have backed Spain’s debt auctions with heavy buying could be reaching a limit for absorbing sovereign bonds, say financial analysts and two market makers, undermining the country’s efforts to stave off a full-blown bailout. If Spain had
      Reuters  -  398 words
    • Article
      Lock icon UK fraud prosecutors open Libor criminal probe
      171 19 Bloomberg London THE UK Serious Fraud Office is opening a criminal investigation into the attempted manipulation of interbank offered rates that led to Barclays getting a record fine. SFO director David Green announced the decision to “accept the Libor matter for investigation” in
      Bloomberg  -  171 words
    • Article, Illustration
      Lock icon Packer, Ho in US$1b Manila casino project
      303 20 AFP Manila AUSTRALIAN billionaire James Packer and Macau gambling tycoon Lawrence Ho are teaming up with the Philippines’ richest family to develop a US$1 billion casino in Manila, the Philippine partner said yesterday. The Belle casino will form part of a huge gambling
      AFP; REUTERS  -  303 words
    • Article
      Lock icon Smartphones power Samsung Q2 profit to record 6.5t won
      571 20 But shares fall as lower-than-expected overall sales highlight threat from economic downturn in Europe AP Seoul SMARTPHONES powered Samsung Electronics Co to record quarterly earnings, but its shares fell yesterday as lower-than-expected overall sales underlined the threat from Europe’s economic malaise.
      AP  -  571 words
    • Article, Illustration
      Lock icon India’s big businesses get a foothold in retail
      847 21 ‘Threat’ to mom-and-pop shops remains despite delay in allowing FDI in the sector Bloomberg New Delhi LAST December, Prime Minister Manmohan Singh pledged to open India’s retail industry to foreign giants such Wal-Mart Stores Inc and Carrefour SA. Seven months later, the
      Bloomberg; REUTERS  -  847 words
    • Article
      Lock icon Transparent tax policy a priority: Singh
      552 21 Bloomberg AP New Delhi INDIAN Prime Minister Manmohan Singh said that a transparent tax policy and clearing a backlog of foreign investment proposals were among his top priorities as he aims to revive business confidence. The 79-year-old Mr Singh, who took over the finance
      Bloomberg; AP  -  552 words
    • Article, Illustration
      Lock icon China may miss 10% trade growth target
      463 22 Vice-premier’s comments come as China cuts interest rates for second time in weeks in efforts to boost economy Reuters Beijing CHINA will have difficulty meeting its 10 per cent trade growth target this year, Vice-Premier Wang Qishan said in published comments, underlining challenges
      Reuters  -  463 words
    • Article, Illustration
      Lock icon ‘Fortress London’ gets ready for Games
      519 22 AFP London BRITAIN is girding itself for the biggest peacetime security operation in its history featuring anti-aircraft missiles on rooftops and a warship in the River Thames for the London Olympics. A security force of more than 40,000 military and civilian personnel, backed by
      AFP; AFP FILE PHOTO  -  519 words
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      29 20 CALLING ALL GOLFERS... SIGN UP FOR THE INTEGRATION CUP 2012 Venue: SICC New Course Date: July 30 For more details and to register, log on to www.tabla.com.sg or www.golfdigestsingapore.com
      29 words
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  • Article
    Lock icon SGX
    8005 23 Transaction date: Jul 6 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 7.4 3.5 A-Sonic 4.5 +0.7 82 4.5 3.8 4.1 4.5 2.9 32.2
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  • Article
    Lock icon SGX CATALIST
    1744 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 $mil 34 12.1 t 800 Super 18 -1.5 221 18 17.7 17.8 18 4.7 3.1 7 32.2 4 2.5 t AA Grp 3.6 3 3.6 3.5
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 4 2 0 0 0 10 4 2 Manufacturing 62 37 36 6 7 10 68 44 46 Commerce 19 21 18 2 5 3 21 26 21 Tpt/Stor/Comms 15 12 12
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    730 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 2 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) GSH Corp 5-Jul-12 Koh Boon Hwee Sell ***** na *****5 11.46 *****3 10.32 Yoma Strategic 4-Jul-12 Serge
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,870 17,870 76,656 76,656 Manufacturing 335,948 52,815 388,763 190,611 2,856 193,467 Commerce 293,439 12,594 306,033 115,755 570 116,326 Tpt/Stor/Comms 70,145 40,026 110,171 104,239 12,030 116,268 Finance 19,901 8,902 28,803 103,395 4,063 107,458 Construction 54,889 54,167
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  • Article
    Lock icon LIFFE
    80 27 Jul 5 COCOA (£/tonne) Close Prev High/Low Jul 12 1637 1635 1653/1627 Sep 12 1597 1586 1619/1586 Dec 12 1572 1555 1595/1561 Mar 13 1545 1529 1572/1535 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2065 2075 2094/2065 Sep 12 2099 2098 2117/2091 Nov 12 2104 2102 2122/2095 Jan 13 2088
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  • Article
    Lock icon METALS
    69 27 Jul 6 GOLD(US$/oz) Jul 06 Jul 05 Hong Kong 1602.00 1623.00 Jul 05 Jul 05 Jul 04 London 1608.40 1615.94 1609.20 1617.16 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 35.53 34.87 Source: UOB PLATINUM Lon (US$/oz) Jul 05 Close Previous PM Fix 1468.00 1485.00 AM Fix 1487.00
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  • Article
    Lock icon PALM OIL
    57 27 Jul 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 3115.0 3134.0 3117.0 3099.0 51 2303 Aug 12 3156.0 3150.0 3165.0 3110.0 346 ***** Sep 12 3165.0 3164.0 3183.0 3125.0 ***** ***** Oct 12 3166.0 3166.0
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    Lock icon GOVERNMENT SECURITIES
    88 27 Jul 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04-Oct-12 0.26 1-Year BY*****T 02-May-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.13 100.17 100.17 5-Year N*****0Z 2.375 01-Apr-17 109.33 109.55 109.40
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    Lock icon INTERBANK CURRENCY RATES
    154 27 Jul 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3021 1.3027 1.0273 1.0276 Canadian dollar 1.2488 1.2497 0.9858 0.9852 Euro 1.5707 1.5712 1.2392 1.2394 NZ dollar 1.0172 1.0186 0.8025 0.8035 Sterling pound 1.9692 1.9700 1.5536 1.5540
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    Lock icon SMX MARKET UPDATE
    144 27 As on 5 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 540.60 533.55 538.95 1142 INDIA GOLD (E-GOLD) FUT OCT2012 538.30 537.95 544.45 25 CURRENCY EUR-USD FUT SEP2012 1.2544 1.2375 1.2402 2576 BASE METAL COPPER FUT SEP2012
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    Lock icon CHICAGO BOT
    103 27 Jul 5 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 12 1626.50 1572.25 1644.50 1586.75 Aug 12 1583.00 1529.50 1585.50 1544.50 Sep 12 1551.50 1498.00 1554.25 1513.00 Nov 12 1526.50 1474.75 1529.00 1493.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 12 54.15 52.95 54.16 53.34
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    Lock icon OIL
    68 27 Jul 5 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 100.97 1.55 WTI (Near Mth) 86.94 -0.12 Dubai (1-Mth F) 98.48 1.09 Tapis blend 104.14 1.28 Minas 107.39 1.28 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 88.78 2.22 Jet Kerosene 115.39 0.41 US$/barrel OpecOil Basket Price 98.43
    68 words
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    Lock icon FOREIGN CURRENCY NOTE RATES
    118 27 Jul 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.331 1.268 Can dollar 1.276 1.216 Euro 1.605 1.529 Sterling pound 2.002 1.925 NZ dollar 1.045 0.996 US dollar 1.285 1.236 Local dollars to 100 units of foreign currency: Currencies Sell
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    Lock icon LONDON METALS
    69 27 Jul 5 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1909.75 1921.50 3 months 1943.00 1956.00 Copper, Grade A (US$/tonne) Cash 7699.50 7724.50 3 months 7695.00 7725.00 Lead (US$/tonne) Cash 1876.00 1895.75 3 months 1887.00 1906.00 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 Jul 5 Index Change Change Change Change Change Change World Preliminary 881.0 -0.3 6.2 -0.7 2.5 -0.5 5.2 EAFE Preliminary 707.1 -0.3 3.7 -0.9 -1.3 -0.8 1.2 Europe Preliminary 1052.0 -0.4 2.5
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    Lock icon STOCK MARKETS
    110 27 Straits Times Index YTD change:+12.55% 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: +7.41% 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: +1.10% 52-week
    Source: Bloomberg  -  110 words
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  • PERSPECTIVE
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      Lock icon Sustainable cities: doable
      1092 28 / 29  -  The UN conference Rio+20 has brought attention to cities taking action on climate change. By Euston Quah and Helena Varkkey By Euston Quah, Helena Varkkey btnews@sph.com.sg ~Euston Quah is professor and head of economics at the Nanyang Technological University. Helena Varkkey is with the University of Sydney
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      Lock icon Storms uproot Republican stand on climate change
      690 28 / 29  -  Leon Hadar Washington correspondent btnews@sph.com.sg LIKE hundreds of thousands of residents in the Washington area, I’ve been trying to recover from the aftershocks of a series of ferocious storms that devastated the heat-scorched region last Friday, blowing down trees, inflicting damage to entire
      AP  -  690 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon A poor Q2 for equity markets
        1037 30 / 31  -  Given the current low interest rate environment, emerging market debt and high-yield corporate bonds look attractive WEALTH INSIGHTS Wong Sui Jau Fundsupermart.com ~The writer is general manager of Fundsupermart THE second quarter of 2012 brought the bears to the fore, as investors fretted over
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        Lock icon BROKERS' TAKE
        785 30 / 31  -  Compiled by Joyce Hooi Orchard Parade Holdings Hold Maybank Kim Eng Research July 6 Close: $2.12 AT $1 million per room (pr), we think the valuation of OPH may be on the high side, given that the recently-refur-bished Orchard Hotel (owned by CDL Hospitality Trusts), just across the
        785 words
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        Lock icon Financial advice through the employer
        847 32  -  HR consultant Aon Hewitt seeks to do just that, believing some firms are willing to help their staff with personal advice Genevieve Cua gen@sph.com.sg Personal Finance Editor FOR most employers, making a monthly contribution to staff’s CPF accounts is the extent to which they would
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        Lock icon M&A market stagnates in first half
        790 33 Corporate confidence has been hit by fiscal crisis in the eurozone and gloomy economy in the US NYT New York Despite a flurry of last-minute deals, the market for mergers and acquisitions (M&As) stayed in the doldrums for the first half of the year,
        NYT; REUTERS  -  790 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        781 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 6 AND JUNE 12, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Spottiswoode 18 Apt 07/06/2012 FH 893 1648 1845 District 4 NON-LANDED Mt Faber Lodge Apt
        781 words
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        Lock icon Yields for private homes sag in Q2
        450 35  -  Actual physical rents stay flat across all segments; CCR homes see sharpest decline By Michelle Tan michtyz@sph.com.sg Singapore RENTAL yields for non-landed private homes fell across all regions in the second quarter of 2012, data compiled by the Singapore Real Estate Exchange (SRX)
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        Lock icon China property shares rise after interest rate cut
        436 35 Bloomberg Shanghai CHINA’S property shares rose the most in four months after the nation’s central bank cut interest rates for the second time in a month to bolster the country’s economic growth. The gauge tracking developers on the Shanghai Composite Index added
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      • Article
        Lock icon Goldman buys 3 properties for Japan Reit
        306 35 Reuters Tokyo GOLDMAN Sachs has secured three properties in Tokyo for 25 billion yen (S$397 million) as its asset management unit prepares to set up a private real estate investment trust (Reit), Shigeki Kiritani, the president of Goldman Sachs Asset Management (GSAM), told
        Reuters  -  306 words
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      106 36 > a TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIQUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRI-DIMENSIONAL MOVEMENT COMBINES PERFORMANCE AND CHRONOMETRY WITH HAUTE HOROLOGY MICRO-DETAILING. IN THE TRANSVERSAL BALANCE-BRIDGE, OPTIMUM SHOCKRESISTANCE IS COMBINED WITH THE
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      76 1 LivingBTTHE BUSINESS TIMES WEEKEND JULY 7-8 2012 DINING Back in the spotlight L6-7 GREEN HAVENS Landscape concepts from the pros a Singapore Garden Festival special L2-5 PERSONAL SPACE Big on design in Pasir Ris L12-13 OPEN TO NATURE BEYOND TRADITION BY JOHN TAN PHOTO BY YEN MENG JIIN GADGETS Keeping
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  • BT Living
    • HOME & GARDEN
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        Lock icon Green havens
        1819 2 / 3  -  The biennial Singapore Garden Festival is here again, bringing together award-winning garden and floral designers from around the world. Tay Suan Chiang meets the folks behind three landscaping companies that are participating in this year’s event Tay Suan Chiang taysc@sph.com.sg Force of nature KamoMarsh Landscape Architects, Christchurch IT’S
        KAMOMARSH LANDSCAPE ARCHITECTS; JENNY SMITH GARDENS; ESMOND LANDSCAPE, ST FILE PHOTOS  -  1,819 words
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        Lock icon Highlights of SGF 2012
        557 4 / 5 THE Singapore Garden Festival, back for its fourth run, continues to delight the crowds. And this year, the display to look out for is The Modernist Garden by American designer Joe Palimeno, which has just been given the Gold and Best of Show awards. The contemporary
        PHOTOS BY YEN MENG JIIN  -  557 words
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        Lock icon Back in the spotlight
        2624 6 / 7  -  Amid the deluge of new restaurants these days, three industry stalwarts are heading back to the kitchen to cook up a fresh buzz. By Debbie Yong By Debbie Yong debyong@sph.com.sg Feeding with soul Roberto Galetti Garibaldi Italian Restaurant Bar 36 Purvis Street #01-02 Z6837 1468 RARE
        2,624 words
    • ENTERTAINING
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        Lock icon Cooking up an Asian storm
        892 8  -  The chef’s restaurant in Darwin serves an eclectic mix of authentic Thai, Indian and Nonya cuisine in a casual indoor-open air environment. By Geoffrey Eu guest chef By Geoffrey Eu btnews@sph.com.sg BLAME it on the Barramundi. Twenty years ago, Jimmy Shu arrived in Darwin in
        PHOTOS: TPR  -  892 words
    • SHOPPING
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        Lock icon For distinguished mien
        1026 9  -  If there’s anything men hate, it’s changing rooms and jostling crowds. Tan Teck Heng shortlists two new online options for the armchair-shopping gent Tan Teck Heng thtan@sph.com.sg Vanda Fine Clothing vandafineclothing.com info@vandafineclothing.com Z6842 2124 IN the musty corner of a Geylang industrial estate, a dapper young couple
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        Lock icon Cafe culture with a cause
        1791 10 / 11  -  BT Weekend zooms in on five outlets successfully melding innovative retail concepts that jive with java By Tan Teck Heng thtan@sph.com.sg By April Chye capril@sph.com.sg By Aaron Justin Tan tanaaron@sph.com.sg On the crest of a new wave Societe Canteen 501 Bukit Timah Road, Cluny Court,
        PHOTOS: JOHN HENG; AARON JUSTIN TAN  -  1,791 words
    • DESIGN
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        Lock icon BIG ON DESIGN
        1050 12 / 13  -  Terence Chan has such an extensive collection of iconic furniture and artwork that a tour of his apartment can easily take 90 minutes. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg WHEN you are an interior designer, designing your own home should be a
        PHOTOS BY YEN MENG JIIN  -  1,050 words
    • GADGETS
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        Lock icon Trigger-happy
        669 14  -  Purists who deride camera phones, and mobile shutterbugs who scoff at serious gear miss the big picture no one device does it all. But there are nifty new releases to keep both camps satiated. By Christopher Lim By Christopher Lim limchris@sph.com.sg Nokia 808 PureView $839 Although it’s extremely difficult
        669 words
    • HEALTH
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        Lock icon About that pain in the chest
        1097 15  -  Should you simply dismiss it or take it as a warning of underlying heart disease? By Michael Lim By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British
        FILE PHOTO  -  1,097 words
    • THE BUSINESS OF GOLF
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        Lock icon A golfing script for Movie Mecca
        1146 16  -  The story of how two women are packaging their ‘village’ as a golfing haven is an object lesson in destination marketing. By Rahul Pathak rahulp@sph.com.sg IN a land known for its festival of films, an unlikely script is being written. Isabelle Gainche steps out
        AFP  -  1,146 words
    • SPORTS
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        Lock icon Team GB gets it right with Giggs
        670 20  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WHILE David Beckham moans about his failure to make the cut for the British football team at next month’s London Olympics, a former teammate of his Ryan Giggs will finally realise his dream of playing in
        AP, AFP  -  670 words
      • Article
        Lock icon Britain’s men overdue for Wimbledon win
        481 20  -  grand slam with steve dawson ~Steve Dawson is a presenter on ESPN SportsCenter every weekday at 7.30pm. Catch the Wimbledon finals this weekend on STAR Sports, in high-definition on ESPN HD, Mobile ESPN and live online on ESPN Player TENNIS’ Wimbledon tournament represents the
        481 words
    • GOLF
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        Lock icon Making the switch to professional golf
        1113 21  -  The change not only requires different mental strategy, but different physical training. By Justine Moss By Justine Moss btnews@sph.com.sg IT’S natural for many people to participate in more than one sport at an amateur level when they are at school or university. In some
        1,113 words
    • MOTORING
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        Lock icon Gran four-door style
        550 22  -  The car’s higher level of ride comfort, quiet cabin add up to a very smooth and relaxing drive. By Samuel Ee samuelee@sph.com.sg BMW may be the last German carmaker to turn up at the “four-door coupe” party but it is making up for it by being the
        550 words
      • Article, Illustration
        Lock icon JUST GR8
        710 54  -  R8 GT Spyder gets a pair of smoked tail lamps, a subtle GT badge on the front wing and a whole lot of carbon fibre body parts. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FIRST, there was the Audi R8 GT a lighter and more powerful version of
        710 words
      • Article, Illustration
        Lock icon Some real racing finally?
        584 55  -  Alonso’s win on Valencia’s street circuit puts an end to all that grumbling about tyre lottery. f1 watch By Samuel Ee samuelee@sph.com.sg AND so, Formula One has at last managed to find itself a repeat winner for what had thus far been an unpredictable season. The
        AP; PHOTOS: AFP, AP  -  584 words
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      750 4 / 5 wine&dinewith BTWeekend Triple Three Mandarin Orchard Singapore 333 Orchard RoadZ6831-6288 Named after the address of the hotel, 333 Orchard Road, Triple Three is Mandarin Orchard hotel’s award-winning buffet restaurant, featuring 8 culinary stations and a plethora of Asian and international delicacies. In addition to the sashimi and garden-fresh salads, sushi,
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      53 16 on -grass i. 4 m is mm SR Range-on-grass 220 Turf Club Road, Singapore *****1 Tel: 9711 4327 Website: www.range-on-grass.com Free shuttle service from Toa Payoh and Clementi MRT Station. Open from OSOOhrs to 2200hrs.’ Incorporating Ivan Golf Fitting, Tandy Golf Academy and Champions Golf Academy for your golfing lessons
      53 words
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