The Business Times, 22 September 2012

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL32237
Total Pages: 48
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| SEPTEMBER 22-23, 2012 S$1.00| MICA MICA (P) 075/08/2012
    15 words
  • Article
    Lock icon S’pore to build up its foreign reserves shield
    922 1  -  As global risks grow, PM says reserves will make safety nets stronger; S’poreans will be given skills to face competition By Teh Shi Ning tshining@sph.com.sg Singapore INGAPORE has to build up its foreign reserves to strengthen social safety nets, as part of
    922 words
  • Article
    Lock icon F1 extension closer as talks enter last lap
    790 1  -  Minister optimistic 5-year extension can be clinched By Nisha Ramchandani nishar@sph.com.sg Singapore COULD the chequered flag be within reach? Singapore is in its final lap of negotiating a five-year extension to its Formula One (F1) contract as ongoing talks, previously at a
    790 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon Six airlines to move over from Budget Terminal to Terminal 2
      413 2  -  The big shift aimed to make way for Terminal 4 will see about 790 more weekly flights at Terminal 2 By Ven Sreenivasan ven@sph.com.sg Singapore CHANGI Airport’s already busy Terminal 2 is going to get a lot busier from
      413 words
    • Article, Illustration
      Lock icon Goal! Football deals cross-carriage a swift kick in the pants
      808 4  -  COMMENTARY Joyce Hooi joyceh@sph.com.sg Correspondent A YEAR after the cross-carriage law was put in place to keep the invisible hand in check, there is now the sneaking suspicion that someone is being shown the finger instead. The law, which forces
      808 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 4 GSTI 3,078.23 (+15.62) GSTI FUTURES 3,076.00 (+15.00) GSIMSCI 355.28 (+2.56) GSIMSCI FUTURES 355.10 (+1.50) Friday Change KL COMP 1,623.70 -1.89 NIKKEI 225 9,110.00 +23.02 HANG SENG 20,734.94 +144.02 SET 1,286.26 +3.58 JAKARTA 4,244.62 +27.10 MANILA 5,296.06 -2.91 KOSPI 2,002.37 +12.04 SHENZHEN B 554.85 -0.31 MUMBAI IND 18,752.83 +403.58 12.00
        58 words
      • Article
        Lock icon PRIME RATES
        29 4 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.377 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
        29 words
      • Article
        Lock icon FOREX
        48 4 us$ s$ US$ (S$ per US$) 1.224 (US$/S$ per 1.624 1.987 EURO(US$/S$/€) 1.297 1.588 Foreign currency per US$ S$ YEN 78.20 63.90 RM 3.058 2.498 HK$ 7.753 6.334 BAHT 30.84 25.19 RUPIAH 9,557 7,808 RENMINBI 6.305 5.151 INDIAN RUPEE 53.54 43.74 A$ 0.954 0.780 NZ$ 1.204 0.984
        48 words
    • Article, Illustration
      Lock icon A smashing start
      212 4  -  By Samuel Ee THE inaugural Ferrari Challenge Trofeo Pirelli got off to a smashing start when one of the 458 Challenge cars went airborne during practice yesterday afternoon and crashed into the protection barrier. No 32 driven by Hisamori Hayashi caught big air when it mounted a
      ARTHUR LEE  -  212 words
    • Article, Illustration
      Lock icon Total holds key meeting here to honour ex-MM
      684 6  -  Its chairman wants Lee Kuan Yew to stay on as an adviser for as long as the latter wishes By Malminderjit Singh msingh@sph.com.sg Singapore FORMER prime minister Lee Kuan Yew surprised guests at a dinner yesterday to honour his near two decades
      AZIZ HUSSIN/THE STRAITS TIMES  -  684 words
    • Article
      Lock icon SingTel fined for glitch, while a bigger one is probed
      572 7  -  IDA fines it $300K and MDA $80K for service disruptions last year By Joyce Hooi joy ce h @s p h .co m .sg Singapore SINGTEL was dealt a double whammy of fines yesterday, simultaneously penalised by the Media Development
      572 words
    • Article, Illustration
      Lock icon F1 a celebration of technology as much as speed
      1474 8  -  Behind the success of every Formula One driver is a battalion of technology experts By Amit Roy Choudhury amit@sph.com.sg Singapore WE are at that time of the year when we can temporarily forget about 90kmh speed limits and hidden speed cameras.
      AP  -  1,474 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      154 2 M f r s t Hwa Chong internatdnal school A MEMBER OF THE HWA CHONG FAMILY OF SCHOOLS B1 <15 *ysi, L Till 4 1 n 9 9 i IT 1 J W Date Time M/e are a /oca/ international high school offering a six-year programme that prepares students for
      154 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      349 3 Save for 10 years. Get a cash cow for many many more. Grow your very own cash cow with VivoSave. It’s a savings plan that guarantees incremental cash benefits 1 of 3%, 6% and 8% of the sum assured till age 85. After the premium payment term 2 of just
      349 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      61 4 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 House Hunt 34 Real Estate 35 LIVING Watches L2-5 Home Garden L6-7 Dining L8-9 Hawker
      61 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      73 5 SH SAMEYEH PTE LTD ESTABLISH 1960 IMPORTER OF TOP QUALITY ORIENTAL RUGS PRESENTS HIS PRIVATE EXCLUSIVE HAND KNOTTED ORIENTAL RUGS COLLECTION TO DESIGNERS, COLLECTORS DEALERS. WITH REASONABLE PRICE AND SLOWLY GOING TO RETIRED. SH. SAMEYEH HAMBURG Erlesene orientalische Teppiche CATALOGUE NO 1. Singapore Showroom Office open by appointment Free consultation
      73 words
    • Advertisement
      Lock icon Page 5 Advertisements Column 2
      98 5 OPEN HOUSE 28th 30th September 2012 (Friday Sunday) 10:00 am 7:00 pm FIFTEEN ROBIN ROAD FOR LEASE Brand New Luxurious Condominium in District 10 FACILITIES Swimming pool Children’s Pool Children’s Playground Fitness Centre Barbeque Area 24-hour Security Service Complimentary Parking EXCLUSIVE PRIVATE LIFT 2 Bedrooms 1,400 sq ft 3 Bedrooms
      98 words
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      258 7 GovWare 2012 Ministry of Home Affairs (Singapore) Presents GOUERNMENTWARE 2012 PROACTIVE STRATEGY AGAINST APT Find out how you can stay ahead of cyber adversaries at the leading security conference in Asia Know the latest threat landscape Learn to protect your networks Meet IT security experts and leaders Discover state-of-the-art technologies
      258 words
Page thumbnail Page 8
Page thumbnail Page 9
  • WEEK IN REVIEW
    • THIS WEEK Sept 17-21, 2012
      • Article
        Lock icon S’pore hotel sector’s H2 growth may ease
        74 9 AFTER a solid first six months which brought significant gains, the local hotel industry may see growth continue at a slower pace in the second half of 2012. Still, initial fears that the eurozone crisis would put a dent in tourism were clearly
        74 words
      • Article
        Lock icon Accountant accused of misappropriating $16.6m
        58 9 AN accountant accused of misappropriating at least $16.6 million from five companies linked to the Hewlett-Packard Group has apparently blown the money gambling at casinos and paying off creditors. Ewe Pang Kooi, a managing partner of Ewe, Loke Partners, along with his firm, are the
        58 words
      • Article
        Lock icon Property here may sizzle from QE3 heat
        62 9 THE possibility of a fresh wave of capital flows into Singapore as a result of the latest round of quantitative easing (QE3) in the United States has raised the prospect that the property market could heat up again. This, in turn, could lead
        62 words
      • Article
        Lock icon Japanese firms duck for cover in China
        35 9 SOME Japanese factories in China are being shuttered this week as sometimes violent anti-Japanese protests continue to rage. The dispute over ownership of some islands continued to escalate.
        35 words
      • Article
        Lock icon SingTel to make a big call on F1 sponsorship
        64 9 IT is crunch time for the Singapore Grand Prix as SingTel is mulling whether to remain in the driver’s seat as title sponsor beyond 2012. “We have not yet made a decision as to whether we will continue our sponsorship. A
        64 words
      • Article
        Lock icon Sale in the offing for Mandarin hotel and gallery?
        82 9 A SALE could be in the offing for the landmark Mandarin Orchard Singapore and the adjoining Mandarin Gallery which were valued at $1.18 billion and $520 million at the end of last year. Owner Overseas Union Enterprise is said to have
        82 words
      • Article
        Lock icon Thais offer truce on APB and Heineken drinks to it
        70 9 HEINEKEN and the Thai consortium made peace on Wednesday, agreeing to support each other’s bids for different pieces of Fraser and Neave’s businesses, according to a joint announcement. But while the move is widely expected to improve Heineken’s hopes of
        70 words
      • Article
        Lock icon China’s economy, Macau’s casinos bet on mass market
        37 9 IF Macau holds a mirror to China’s consumers, then the image is blurred at best. Enthusiastic Chinese tourists heading for gaming tables suggest that consumers are in buoyant spirits.
        37 words
      • Article
        Lock icon iPhone 5 bash starts, but StarHub late to 4G party
        37 9 PENT-up demand for the latest iPhone will be unleashed with record numbers on telco wait-lists. But for StarHub, the wait will be of an entirely different nature.
        37 words
      • Article
        Lock icon F&N minorities need Thais to uncork their APB gains
        79 9 A deciding vote by the Thai consortium bidding for Fraser Neave could determine how minority shareholders of the Singapore conglomerate might reap the gains from the sale of Asia Pacific Breweries. While the sale of APB is expected to sail through
        79 words
      • Article, Illustration
        Lock icon Is F1 losing its allure in Singapore?
        77 9 FORMULA One practice sessions will culminate in a closely fought race for the drivers’ championship on Sunday evening. But some Singaporeans are wondering if some of the F1 buzz has dissipated like exhaust fumes for the fifth edition of the Singapore Grand Prix.
        REUTERS  -  77 words
    • Article
      Lock icon NEXT WEEK Sept 24-28
      68 9 US DATA Sept 25 Consumer confidence Sept 26 New home sales Sept 27 2Q GDP Durable goods orders Sept 28 Consumer sentiment SINGAPORE DATA Sept 24 August CPI Sept 26 Aug index of ind’l production Sept 28 Aug producer and int’l trade price indices CHINA DATA
      68 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      347 9 Across 1 Production of Lear the first of many in the area (5) 4 Passionate about pub, shortly getting blurry (9) 9 Odious brother an invalid (9) 10 Plenty tested out of bounds (5) 11 Farthest north tenants unusually modest (7) 12 Meantime, bury ’er other ’alf (7) 13 15
      347 words
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      9 9 SATURDAY with Ludwig ‘I drive the F1 VIP’s limo.’
      9 words
Page thumbnail Page 10 / 11
  • RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Man with a drive
      2589 10 / 11  -  A veteran of the data storage industry, Pantelis Alexopoulos tells of his journey into the world of technology, from the outside in. By Amit Roy Choudhury amit@sph.com.sg IT would come as no surprise that the chief of A*Star’s world-renowned Data Storage Institute is a technology addict.
      YEN MENG JIIN  -  2,589 words
Page thumbnail Page 12
  • COMPANY NEWS
    • Article
      Lock icon SGX beckons, more Tianjin stocks coming
      327 12  -  Singapore Exchange signs MOU with Chinese city, paving way for more Tianjin companies to list here By Jasmine Ng jasng@sph.com.sg Singapore MORE Tianjin companies could be listed on the Singapore Exchange (SGX), following the bourse’s latest deal to deepen ties with the Chinese city.
      327 words
    • Article, Illustration
      Lock icon Telkomsel’s bankruptcy case fuels abuse fears
      644 12 Reuters Singapore A COURT ruling that Indonesia’s biggest mobile phone operator is bankrupt, after not paying a disputed debt of just half a million US dollars, has revived concerns over flawed laws that invite abuse and can trip up even highly profitable firms in
      Reuters; BLOOMBERG  -  644 words
    • Article
      Lock icon $20m uplift for Hotel Royal’s White Orchid
      263 12  -  By Teo Si Jia teosj@sph.com.sg Singapore WHITE Orchid Hotel in Bangkok, which Singapore-listed Hotel Royal acquired last year, is undergoing a major $20 million upgrading and is to be re-branded as Hotel Royal Bangkok Chinatown. “It is necessary to maximise the hotel’s prime
      263 words
    • Article, Illustration
      Lock icon Opposing forces keep market in trading range
      954 13  -  STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent AT FIRST glance and according to most market reports, it was annother week spent watching out for economic signals from the West, most of which turned out to be disappointing. Closer to home, there was also below-par
      954 words
    • Article
      Lock icon The wealthy going for gold to hedge against inflation
      257 13 Bloomberg Singapore MORE high-net-worth individuals are seeking to buy gold to protect their wealth from the risk of rising inflation after central banks boosted stimulus, according to Deutsche Bank AG’s asset and wealth-management unit. “Gold has historically been considered to be
      Bloomberg  -  257 words
    • Article
      Lock icon First Reit to buy Indonesian properties for $143m
      317 13  -  By Kenneth Lim kenlim@sph.com.sg Singapore FIRST Real Estate Investment Trust is acquiring two hotel and hospital properties in Indonesia for $143 million, the healthcare Reit announced yesterday. First Reit will buy the Siloam Hospitals Manado and Hotel Aryaduta Manado, an integrated hospital
      317 words
    • Article, Illustration
      Lock icon Thai entry for Maybank after GE’s exit?
      1117 14 Potential sale of GE’s 33% stake in Bank of Ayudhya gives Malaysian bank a chance to claim a foothold Bloomberg Bangkok GENERAL Electric Co’s (GE) potential exit from Thailand’s banking industry is giving Malayan Banking Bhd the chance to claim a foothold in
      Bloomberg; REUTERS  -  1,117 words
    • Article
      Lock icon Fund to invest in Mahindra unit
      240 15 LeapFrog will pick up 15% stake in MIBL AFP Mumbai GLOBAL fund LeapFrog Investments will invest in a unit of India’s Mahindra group, with an aim to provide insurance products to the country’s rural poor, the two firms said on Thursday. LeapFrog, the world’s
      AFP  -  240 words
    • Business briefing
      • Article
        Lock icon Dyna-Mac bags US$42m of fabrication orders
        52 15 DYNA-Mac Holdings has secured new fabrication orders worth a provisional sum of US$42 million. The orders are expected to contribute positively to earnings per share for 2012, but the impact on net tangible assets per share will not be material, the maker of offshore
        52 words
      • Article
        Lock icon GLP incorporates 2 firms in Chengdu
        44 15 GLOBAL Logistics Properties (GLP) has incorporated two indirect subsidiaries in Chengdu, China, which will be principally engaged in the provision of distribution facilities and services. GLP’s initial capital outlay for the two subsidiaries will total about $21 million.
        44 words
      • Article
        Lock icon Pacific Andes clarifies media claims
        85 15 HONG Kong-listed Pacific Andes International Holdings and its two Singapore-listed subsidi- aries, Pacific Andes Resources Development and China Fishery Group, have responded to media allegations, saying that the group “does not own any fishing quotas in Russian waters nor owns or controls any Russian fishing
        85 words
      • Article
        Lock icon Hai Leck Holdings plans rights issue of warrants
        85 15 HAI Leck Holdings has proposed a renounceable rights issue of one warrant for every four shares. Each warrant will be issued at five cents and may be converted into one common share of the industrial contractor at 13 cents. The offer is
        85 words
      • Article
        Lock icon Stratech raises net $2.03m from 328.49m rights shares
        50 15 STRATECH Systems said that its rights issue, which closed on Sept 17, was 92.3 per cent taken up, resulting in net proceeds of $2.03 million. The 328.49 million rights shares to be issued are expected to be listed and quoted on Tuesday.
        50 words
      • Article
        Lock icon APB’s NZ unit to sell 25% of Glenfield Hospitality
        68 15 ASIA Pacific Breweries’ New Zealand subsidiary, Barworks Holdings, will be selling its 25 per cent stake in Glenfield Hospitality to Cleghorn’s Return Family Trust for NZ$25 (S$25.40). Holding company Barworks Group will stay with its 75 per cent stake. The negative
        68 words
Page thumbnail Page 13
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      56 14 Keppel SMIT Towage has a vacancy for the position of Marine Operations Officer NOK Asia Company has a position open for a System Engineer Magnum Subsea Systems is recruiting Designers Essilor Amera is hiring a Financial Analyst G4S Secure Solutions is looking for a Business Manager Check out more than
      56 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      701 15 JASON PARQUET HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 12 August 2011) (Company Registration No.; *****9167Z) Placement of 33,800,000 Placement Shares (comprising 18,000,000 New Shares and 15,800,000 Vendor Shares) at SS0.225 for each Share, payable in full on application APPLICATION RESULTS The Board of Directors of Jason Parquet
      701 words
Page thumbnail Page 16
  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Keep it transparent, make it relevant
      1010 16  -  The future of Singapore’s growing multi-billion data and analytics industry depends on a Personal Data Protection Bill that will strengthen and entrench Singapore’s position as a trusted hub for business FROM THE DESK OF Bryan Tan Bryan Chief operating officer, Go React, Singapore AS
      1,010 words
Page thumbnail Page 17
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Asean, China urged to resolve China Sea spat
      561 17  -  Former Aussie PM says first priority is to nail down Code of Conduct fast By Malminderjit Singh msingh@sph.com.sg FORMER Australian prime minister Kevin Rudd has called on Asean and China to take immediate measures to resolve the dispute in the South China
      BLOOMBERG FILE PHOTO  -  561 words
    • Briefing
      • Article
        Lock icon Ex-SCDF chief’s trial: Prosecutors to pursue one of 10 charges
        91 17 PROSECUTORS will pursue only one out of the 10 corruption charges initially filed against former Singapore Civil Defence Force (SCDF) chief Peter Lim Sin Pang, The Straits Times reported, citing lawyers for Lim. The lone charge that Lim now faces
        91 words
      • Article
        Lock icon SMa president re-elected for a second term
        71 17 THE Singapore Manufacturers’ Federation (SMa) announced that its president George Huang has been re-elected for a second term, from 2012 to 2014. Mr Huang is the managing director of Amoy Canning Corporation (S) Ltd. Besides Mr Huang, the other newly elected office bearers
        71 words
      • Article
        Lock icon S’pore, Tianjin entities ink seven collaborative pacts
        56 17 SEVEN collaborative pacts were signed between Singapore and Tianjin entities at the 5th Singapore-Tianjin Economic and Trade Council meeting in Tianjin yesterday. They span projects in education, environmental services, healthcare and lifestyle services and were witnessed by Minister for National Development Khaw Boon
        56 words
      • Article
        Lock icon Deals with China on social management policies, practices
        80 17 SINGAPORE’S Ministry of Community Development, Youth and Sports and China’s Central Committee Office for Comprehensive Social Management yesterday signed letters of exchange to promote the sharing of knowledge and experiences in social management policies and practices between the two countries. The letters
        80 words
    • Article
      Lock icon Health services productivity records healthy growth in 2011
      381 17  -  Sector created 9.1% more value-added, hired 4.5% more staff By Teh Shi Ning tshining@sph.com.sg SINGAPORE’S health services productivity rose 4.4 per cent last year, as value-added per worker in the sector rose from $74,700 in 2010 to $78,000 in 2011. The industry
      381 words
    • Article, Illustration
      Lock icon ‘White’ site near Novena set for sale
      428 18  -  URA to launch public tender for the Thomson Rd plot in about 2 weeks By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg A PRIME “white” site at Thomson Road/Irrawaddy Road has been triggered for sale by public tender after a developer offered a bid of at
      Source:  -  428 words
    • Article, Illustration
      Lock icon ‘Radiate’ wins SC Global car design competition
      344 18 THE striking colour scheme and the portrayal of rare gemstones won the judges’ hearts at the Porsche SC Global Carrera Cup Asia Design Competition last week. The winning design, titled Radiate, resonated with SC Global’s brand and the property company’s attention to detail
      344 words
    • Article
      Lock icon Gambir Ridge units 90% sold at preview
      285 18  -  By Jasmine Ng jasng@sph.com.sg ABOUT 70 of the 77 units at Gambir Ridge, a freehold condominium at Bartley Road, were snapped up at its preview yesterday. The project is by Meadows Investment, a subsidiary of property and construction group TA Corporation. TA Corp,
      285 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      27 17 St. Thomas Suites (Orchard Condo) Freehold, Full Facility 4 bedrooms Family 2,605 sq ft Excellent Investment $5.86m Rudy Tedja 9686 9943 CEA Reg No. R*****0I L*****87F savills
      27 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      243 18 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF BRIGHTSTAR CHILD DEVELOPMENT CENTRE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Company Registration No. *****9789C) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 17
      243 words
Page thumbnail Page 19
  • WORLD
    • Article, Illustration
      Lock icon WTO cuts global trade growth forecast
      616 19 It lowers estimate for this year from 3. 7% to 2.5% and for 2013 from 5.6% to 4.5% Reuters Singapore WORLD trade will grow by a mere 2.5 per cent this year, dragged down by Europe to less than half of the previous 20-year
      Reuters; AFP  -  616 words
    • Article
      Lock icon Nomura to reduce its workforce in Europe
      249 19 Bloomberg Tokyo NOMURA Holdings Inc, Japan’s biggest brokerage, is cutting about 100 investment banking jobs in Europe as it unwinds a four-year-old international expansion, three people with knowledge of the plans said. The cutbacks are part of a 30 per cent reduction in
      Bloomberg  -  249 words
    • Article
      Lock icon China emphasises ties with Asean
      348 19 Xi avoids mentioning disputes over islands in South China Sea AP Beijing CHINA yesterday sought to soothe neighbours it has feuded with over territory in the South China Sea a stark contrast to recent angry statements and violent street protests targeting Japan over a similar
      AP  -  348 words
    • Article
      Lock icon Hazard warning from Daimler and Porsche
      589 20 Signs from German makes that European car slump is spreading to luxury brands Bloomberg Berlin DAIMLER AG and Porsche AG provided evidence that the worst European car market in 17 years has started to spread to the luxury brands, mirroring a broader recession that
      Bloomberg  -  589 words
    • Article, Illustration
      Lock icon Wal-Mart decides to pull the plug on Amazon’s Kindles
      542 20 Reuters San Francisco WAL-MART Stores Inc will no longer sell Amazon.com Inc’s Kindle eReaders and tablets, severing its relationship with a major competitor and placing a bet that consumers are more interested in Apple’s iPad and other gadgets. The world’s largest
      Reuters; AP  -  542 words
    • Article, Illustration
      Lock icon Germany’s biggest worry isn’t Greece – but China
      1236 21 Germany’s biggest worry isn’t Greece but China As world’s 3rd largest exporter, it’s far more concerned about whether China loses appetite for its goods Reuters Berlin BERLIN, not Brussels, will decide the future of the ailing eurozone because Germany’s economic power and its status as the European Union’s main paymaster
      Reuters; PHOTO: AP  -  1,236 words
    • Article
      Lock icon India cuts tax on overseas borrowingsby local companies
      482 22 New rules, giving firms access to cheaper funds, cheer investors Reuters New Delhi INDIA slashed a tax on overseas borrowings by local companies yesterday, giving them access to cheaper funds and cheering investors as the government pressed on with reforms to revive
      Reuters  -  482 words
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      36 22 FM klSS92 All the great songs in one ploc Li\j& Claxu? m rm rm Share your first kiss with Kiss92 and an Estee Lauder Pure Color lipstick could be yours! kiss92.sg Ufacebook.com/kiss92fm Q@kiss92fm Partner: ESTEE LAUDER
      36 words
Page thumbnail Page 23
  • Article
    Lock icon SGX
    8124 23 Transaction date: Sep 21 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 15.5 11.4 8Telecom 13.3 unch 150 13.5 13.3 13.3 14 66.8 0.4 3.2 63.7 6 3 A-Sonic 3.5 -0.3 27 3.5 3.3
    8,124 words
Page thumbnail Page 24
Page thumbnail Page 25
Page thumbnail Page 26
  • Article
    Lock icon SGX CATALIST
    1828 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 $mil 20.5 12.1 t 800 Super 19 +0.5 178 19 18.9 18.4 19 3.3 5.3 5.7 34 4 2.5 t AA Grp 3.1 3 3.9 3
    1,828 words
  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 3 0 0 0 12 2 3 Manufacturing 58 38 48 5 7 12 63 45 60 Commerce 35 15 17 7 3 2 42 18 19 Tpt/Stor/Comms 17 10 10
    186 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    785 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Sep 17 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Serial System 20-Sep-12 Goh Bak Heng Buy 615 0.10 *****1 35.50 *****6 35.57 Pacific Healthcare 20-Sep-12 Pacific
    785 words
  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 35,295 35,295 83,367 83,367 Manufacturing 305,619 61,032 366,651 211,270 1,789 213,060 Commerce 192,269 5,713 197,982 131,714 1,219 132,933 Tpt/Stor/Comms 76,312 15,389 91,701 128,421 4,551 132,972 Finance 54,750 1,032 55,782 156,847 459 157,306 Construction 95,755 3,575
    123 words
Page thumbnail Page 27
  • Article
    Lock icon LIFFE
    80 27 Sep 20 COCOA (£/tonne) Close Prev High/Low Dec 12 1635 1642 1650/1630 Mar 13 1618 1623 1630/1612 May 13 1623 1628 1634/1618 Jul 13 1628 1633 1638/1622 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2041 2010 2024/2023 Nov 12 2041 2017 2053/2015 Jan 13 2056 2036 2068/2034 Mar 13 2071
    80 words
  • Article
    Lock icon METALS
    69 27 Sep 21 GOLD(US$/oz) Sep 21 Sep 20 Hong Kong 1784.00 1772.00 Hong Kong Sep 20 Sep 19 London 1762.11 1771.30 1762.88 1772.30 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 42.79 42.14 Source: UOB PLATINUM/ Lon (US$/oz) Sep 20 Close Previous PM Fix 1620.00 1633.00 AM Fix 1612.00
    69 words
  • Article
    Lock icon PALM OIL
    41 27 Sep 21 tll.CE PALM FUTUJIES (HM/MT) Mill 1 1 *>r» n# •t* »u n* -SScfl u •wf, < V4‘u !Ti*g rrttc ‘-••TO MM lotV »JU 1 i •ir»lt, J»>JL -in'St JWO M»U MX*)' 'jaic S&66C 3)*0 iSJ't* Source: Thomson Reuters
    41 words
  • Article
    Lock icon GOVERNMENT SECURITIES
    86 27 Sep 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 20-Dec-12 0.29 6-Month BS*****X 21-Mar-13 0.3 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 99.98 5-Year N*****0Z 2.375 01-Apr-17 108.72
    86 words
  • Article
    Lock icon INTERBANK CURRENCY RATES
    154 27 Sep 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2824 1.2826 1.0477 1.0478 Canadian dollar 1.2553 1.2560 1.0261 1.0255 Euro 1.5879 1.5884 1.2973 1.2976 NZ dollar 1.0164 1.0171 0.8304 0.8309 Sterling pound 1.9870 1.9878 1.6234 1.6239
    154 words
  • Article, Illustration
    Lock icon SMX MARKET UPDATE
    121 27 As on 20 September 2012 www.smx.com.sg www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT OCT2012 589.40 585.70 589.15 452 GOLD FUT DEC2012 1771.60 1759.50 1769.90 24 CURRENCY EUR-USD FUT DEC2012 1.3045 1.2932 1.2969 1717 BASE METAL COPPER FUT DEC2012 8333
    121 words
  • Article
    Lock icon CHICAGO BOT
    103 27 Sep 20 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 12 1618.75 1669.50 1686.00 1616.00 Jan 13 1617.75 1669.25 1685.50 1615.00 Mar 13 1575.75 1627.00 1643.25 1573.00 May 13 1520 1558 1570.5 1517.75 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Oct 12 54.63 55.83 56.03 54.32
    103 words
  • Article
    Lock icon OIL
    68 27 Sep 20 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 109.07 0.44 WTI (Near Mth) 92.53 0.71 Dubai (1-Mth F) 104.55 -4.84 Tapis blend 111.27 -5.05 Minas 106.42 -5.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.44 -4.67 Jet Kerosene 126.96 -4.32 US$/barrel OpecOil Basket Price 105.88
    68 words
  • Article
    Lock icon FOREIGN CURRENCY NOTE RATES
    118 27 Sep 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.284 1.223 Euro 1.625 1.548 Sterling pound 2.022 1.945 NZ dollar 1.044 0.995 US dollar 1.240 1.193 Local dollars to 100 units of foreign currency: Currencies Sell
    118 words
  • Article
    Lock icon LONDON METALS
    69 27 Sep 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2098.25 2126.50 3 months 2110.00 2140.00 Copper, Grade A (US$/tonne) Cash 8263.00 8340.00 3 months 8270.00 8350.00 Lead (US$/tonne) Cash 2256.00 2260.75 3 months 2265.00 2271.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
    69 words
  • Article
    Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
    373 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 20 Index Change Change Change Change Change Change World Preliminary 929.2 -0.5 12.0 -0.5 6.5 -0.6 12.7 EAFE Preliminary 738.1 -0.7 8.2 -1.0 3.4 -1.1 9.4 Europe Preliminary 1121.8 -0.4 9.3
    373 words
  • Article, Illustration
    Lock icon STOCK MARKETS
    106 27 Straits Times Index YTD change:+16.32% 52-week high: 3,088.45 on Aug 14,2012 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg Hang Seng Index YTD change:+12.48% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 16,170.35 on Oct 4,2011 Source: Bloomberg Nikkei 225 YTD change: +7.74% 52-week high: 10,255.15 on Mar
    Source: Bloomberg  -  106 words
Page thumbnail Page 28 / 29
  • PERSPECTIVE
    • Article, Illustration
      Lock icon QE3: Implications for our property market
      1392 28 / 29  -  Unless further draconian policies are enacted or creative mechanisms thought up to counter liquidity, prices are expected to be biased on the upside. By Alan Cheong By Alan Cheong ~The writer is Savills Singapore’s head of research SINCE the announcement of the third round
      FILE PHOTO; Source: Savills, MAS; Source: Savills, MAS, URA  -  1,392 words
Page thumbnail Page 30 / 31
  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Staying nimble in an uncertain world
        1303 30 / 31  -  While global economic activity could see a moderate contraction, the risk environment appears to be improving. Is it time to switch out of fixed income? WEALTH INSIGHTS Fan Jiang JP Morgan Private Bank Asia ~The writer is chief investment strategist of JP Morgan Private
        REUTERS; Source: ISM, Markit, J.P. Morgan; Source: Bloomberg  -  1,303 words
      • Article
        Lock icon BROKERS’ TAKE
        681 30 / 31  -  Compiled by Cai Haoxiang Neptune Orient Lines Buy Maybank Kim Eng Research Sept 21 Close: $1.145 THE recent announcement by the European Union for unlimited, conditional bond purchases, followed by the US Federal Reserve’s QE3 announcement are, in our view, clear signs of unprecedented support for the global
        681 words
      • Article, Illustration
        Lock icon Bond fund with impressive track record
        954 32  -  The fund, which offers exposure to Asian currencies, generated a total annualised return of 7% since inception Genevieve Cua gen@sph.com.sg Personal Finance Editor IF you are hungry for stability in your portfolio there is an option that boasts low costs, a regular income and
        YEN MENG JIIN; Source: Markit, HSBC Institutional Trust Services (Asia) Ltd, and State Street Global Advisors Singapore Limited  -  954 words
      • Article, Illustration
        Lock icon Buying a home, working out the figures
        1176 33  -  Million-dollar HDB/HUDC flats are the exception rather than the rule SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder PREVIOUSLY, the first home of a newly wed graduate couple would be at the minimum a four-room
        FILE PHOTO  -  1,176 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        1124 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN AUG 22 AND AUG 28, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 28/08/2012 99 689 1360 1974 V On Shenton Apt 27/08/2012 99
        1,124 words
      • Article, Illustration
        Lock icon China to expand new property tax
        444 35 Pilot tax reform to cool rising housing prices and deter speculation will cover more cities Reuters Beijing CHINA will expand its pilot property tax reform beyond Shanghai and Chongqing in an effort to cool rising housing prices, an official from the State Administration of
        Reuters; BLOOMBERG  -  444 words
      • Article
        Lock icon Lan Kwai Fong to build project in Wuxi city
        310 35 Bloomberg Hong Kong LAN Kwai Fong Holdings Ltd, the developer of Hong Kong’s iconic stretch of bars and restaurants, will expand into China’s Wuxi city as the nation’s growing middle class demands more entertainment choices. The developer signed a memorandum of
        Bloomberg  -  310 words
      • Article
        Lock icon British Land drops plan to sell Meadowhall mall stake
        307 35 Reuters London BRITISH Land has shelved plans to sell part of its stake in the Meadowhall shopping mall in Sheffield, opting instead to retain its full 50 per cent because of the centre’s strong performance over the past year, two sources
        Reuters  -  307 words
Page thumbnail Page 32
Page thumbnail Page 33
Page thumbnail Page 34
Page thumbnail Page 35
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Lock icon Page 36 Advertisements Column 1
      107 36 Royal Ghk EX1IBUION FROM AVANT-GARDE TO ICON A JOURNEY THROUGH THE ORIGINS OF AN ICONIC TIMEPIECE NEW YORK MILAN PARIS GENEVA BEIJING SINGAPORE OCTOBER 10-14/2012 SINGAPORE TANJONG PAGAR RAILWAY STATION (FORMER) 30 KEPPEL ROAD For guided tour registration, visit audemarspiguet.com AUDEMARS PIQUET PROUDLY PRESENTS AN EXHIBITION CELEBRATING THE 40™ ANNIVERSARY
      107 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      66 1 LivingBTTHE BUSINESS TIMES WEEKEND SEPTEMBER 22 23 2012 WATCH THIS Independent watch brands break new ground in the Singapore market L2-4 PHOTO: URWERK’S UR-210 PARTLY HUMAN HOME GARDEN Old school L6-7 DINING Bar from the madding crowd L8-9 GOLF BT Corporate Golf League L17 CEOs HAWKER CHOICES 2012 The best
      66 words
Page thumbnail Page 2 / 3
  • BT Living
    • WATCHES
      • Article, Illustration
        Lock icon The independents
        1761 2 / 3  -  A growing number of affluent and passionate watch collectors are helping ultra luxurious independent watch brands find niche success here. By Dylan Tan By Dylan Tan dylant@sph.com.sg MICHAEL Tay, executive director of local high-end watch retailer, The Hour Glass recalls a recent incident when a 19-year-old walked into
        1,761 words
      • Article, Illustration
        Lock icon Bang for your buck
        760 5  -  Everything is up for grabs at the world’s first Hublot pop-up store, including a trinity of multi-million dollar watches. By Dylan Tan dylant@sph.com.sg ABOUT US$20 million worth of luxury timepieces by Swiss watch company, Hublot, are currently on display at the brand’s first ever pop-up store
        760 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon That old school feel
        960 6 / 7  -  This couple’s home allows them to relive their own happy childhood. personal space By Tay Suan Chiang taysc@sph.com.sg PERFORMANCE analyst Rachel Lee and her sales director husband Harsha Sundararaman had their childhood homes in Serene House and Gillman Heights respectively. “We remember growing up surrounded by
        PHOTOS BY JOHN HENG  -  960 words
    • DINING
      • Article, Illustration
        Lock icon Bar from the madding crowd
        1777 8 / 9  -  Weary of jostling elbow-to-elbow with F1 fanatics this weekend? Debbie Yong rounds up three new drinking and dining spots where you can escape the madness (and the roadblocks) Debbie Yong debyong@sph.com.sg Tree-top tipple SuperTree by Indochine 18 Marina Gardens Drive Gardens by the Bay #03-01
        1,777 words
    • CEOS' HAWKER CHOICES 2012
      • Article, Illustration
        Lock icon Pork and spice and all things nice
        3183 10 / 11  -  Bak kut teh literally translated as ‘pork rib tea’ is a comforting soup for the Singaporean soul, a meaty broth of fork-tender pork ribs slow cooked with a plethora of Chinese herbs and spices. Served with rice and dough fritters on the side,
        ALL PHOTOS BY YEN MENG JIIN  -  3,183 words
    • STYLE
      • Article, Illustration
        Lock icon Flower power reigns
        920 14 Milan Fashion Week showcases floral motifs that are more romantic than racy, suggestive than daring AP Milan EVERYTHING is coming up flowers on the Milan runway. Floral references during the second day of Milan Fashion Week womenswear previews on Thursday ranged from the graphic motif to romantic
        AP; REUTERS PHOTOS  -  920 words
    • HEALTH
      • Article, Illustration
        Lock icon When dementia strikes
        888 15  -  The disease is also about the practical administration of the patient’s estate. By Cheah Ui-Hoon uihoon@sph.com.sg With populations worldwide ageing rapidly, it is time to take dementia seriously. This month is World Alzheimer’s Month, and the first time such a drive has been launched globally to raise
        FILE PHOTO  -  888 words
    • SPORTS
      • Article, Illustration
        Lock icon Reds off to a dire start
        576 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent THE statistics don’t make for pretty reading if you’re a Liverpool supporter. Zero wins in four games, only three goals scored, just two points gained, and stuck in a lowly 17th spot in the table. It all
        576 words
      • Article, Illustration
        Lock icon When money matters more than the club
        574 16  -  kick off with Christy simson ~Christy Simson is a SportsCenter presenter on ESPN (mio TV Ch 114) every weekday at 7.30pm EVERY time a modern footballer slags off his own club in public (Cristiano Ronaldo), or his manager (Carlos Tevez), or makes it
        574 words
    • BT CORPORATE GOLF LEAGUE 2012
      • Article, Illustration
        Lock icon Next stop: Raffles Country Club
        488 17  -  Team SunMoon is still sitting pretty at the top of the table with 352 points. By Justine Moss WITH the fifth round of the Business Times Corporate Golf League a little less than a week away, Team SunMoon is sitting pretty at the top of
        488 words
      • Article, Illustration
        Lock icon Secret lies in their love for the game
        399 17 btnews@sph.com.sg THE fact that the Business Times Corporate Golf League is gaining prestige and recognition, in addition to “mere habit”, prompted Centurion to sign up for the third year running, said Centurion’s Jeffrey Fones. “Networking seems to be succeeding pretty smoothly as
        399 words
    • MOTORING
      • Article, Illustration
        Lock icon Moving art, S’pore style
        536 18  -  This work of art takes just 3.1 seconds to go from zero to 100 kmh. By Samuel Ee samuelee@sph.com.sg THERE are only 26 McLaren MP4-12C supercars among the almost one million vehicles in Singapore. If that’s still not exclusive enough for you, how about the McLaren
        Photos: ARTHUR LEE CH  -  536 words
      • Article, Illustration
        Lock icon Grand Prix predictions
        660 19  -  The parakeet from Little India sheds some light on how the Singapore Grand Prix will play out. f1 watch By Samuel Ee samuelee@sph.com.sg APART from wings, a parakeet may not appear to have much in common with Formula One. Unless, of course, it’s a green parakeet from
        AFP; ARTHUR LEE CH  -  660 words
      • Article, Illustration
        Lock icon S’PORE SPEEDSTER
        599 20  -  Republic representative says the most important thing is to find the right set-up for the car. By Samuel Ee samuelee@sph.com. sg THE inaugural Ferrari Challenge takes place this weekend at the Marina Bay Street Circuit and Singaporean Greg Teo is representing the Republic in his 458 Challenge car.
        599 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      914 4 wine&dine with BTWeekend Atrium Lounge Level 4, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1111 Exclusive Nights at Atrium Lounge Enjoy 50% off on all standard house pour drinks during Happy Hour (6pm to 8pm) daily! Hands up if you work in a hotel, because you’ll enjoy 25% off all
      914 words
Page thumbnail Page 5
Page thumbnail Page 6 / 7
Page thumbnail Page 8 / 9
Page thumbnail Page 10 / 11
  • Page 10 / 11 Advertisements
    • Advertisement
      Lock icon Page 10 / 11 Advertisements Column 1
      79 10 / 11 WE UNDERSTAND THE VALUE OF GREAT PARTNERSHIP Knight Frank We are passionate about property and deliver only the highest standards of quality and integrity. We work continuously to meet our clients’ real estate needs, which is why we are the largest privately owned global real estate agency. Call us today
      79 words
Page thumbnail Page 12 / 13
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      38 14 HOME N S Why risk breaking your back? Leave the 4 painting job to the professionals. To find out more, turn to CLASS 112 in CATS Classified in r .yj The Straits Times now. BUY IT-SELL IT-FIND IT
      38 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      258 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
      258 words
Page thumbnail Page 16
Page thumbnail Page 17
Page thumbnail Page 18
Page thumbnail Page 19
Page thumbnail Page 20