The Business Times, 13 October 2012
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2012-10-13
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The Business Times
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Title Section14 2012-10-13 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| OCTOBER 13-14, 2012 S$1.00| MICA (P) 075/08/201214 words
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36 2012-10-13 1 WEAK OUTLOOK THE International Monetary Fund cites the depressive impact that the eurozone crisis is having on China and the impact on the rest of Asia via China. 536 words
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36 2012-10-13 1 REGIONAL DEBUT IT has bought, in stages, a 1.3 billion baht (S$51.8 million) property in Phuket IndoChine Hotels and Resort Kalim Beach marking its first foray into the hospitality sector. 636 words
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Article28 2012-10-13 1 GOOD SHOWING DROP of 5.9% is due largely to lower investment income, even as recurring earnings improved marginally to $410.2 million. 1128 words
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Article32 2012-10-13 1 STRONG TIES THEIR presence is ‘swelling’ by 10 per cent yearly, says Prime Minister Lee Hsien Loong, citing a figure provided by Australian Foreign Minister Bob Carr. 1732 words
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978 2012-10-13 1 Emilyn Yap, Teh Shi Ning - Unchanged stance despite economy contracting 1.5% in Q3 as inflation threat rises By Emilyn Yap, Teh Shi Ning emilyny@sph.com.sg tshining@sph.com.sg Singapore THE Republic’s central bank struck a hawkish stance yesterday by keeping monetary policy unchanged against easing expectations, underlining inflation management as its978 words
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Article, Illustration793 2012-10-13 1 Leon Hadar - By Leon Hadar btworld@sph.com.sg Washington IN an energetic and very heated debate that focused as much on foreign policy as on economic issues, the Democratic and Republican vice-presidential candidates came out swinging and looking to pick a fight on Thursday night,PHOTO AP; PHOTO: REUTERS - 793 words
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Page 1 Advertisements
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Advertisement28 2012-10-13 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION A*STAR CHAIRMAN LIM CHUAN POH 8-9 CEOS' HAWKER CHOICES Best chicken rice stalls L10-12 LIVING Singapore designers hit New York L2-428 words
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Advertisement5 2012-10-13 1 WEALTH Beating the benchmark 30-315 words
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TOP STORIES
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MARKETS
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Article58 2012-10-13 2 GSTI 3,041.75 (+9.09) GSTI FUTURES 3,041.00 (+9.00) GSIMSCI 346.68 (+0.39) GSIMSCI FUTURES 346.20 (+0.10) Friday Change KL COMP 1,653.36 -2.11 NIKKEI 225 8,534.12 -12.66 HANG SENG 21,136.43 +137.38 SET 1,296.98 +2.08 JAKARTA 4,311.39 +26.42 MANILA 5,369.72 +16.25 KOSPI 1,933.26 +0.17 SHENZHEN B 583.89 +0.64 MUMBAI IND 18,675.18 -129.57 11.3058 words
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Article29 2012-10-13 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.192 TAIWAN 5.036 JAPAN 1.250 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg29 words
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Article48 2012-10-13 2 us$ s$ US$ (S$ per US$) 1.221 (US$/S$ per 1.607 1.962 EURO(US$/S$/€) 1.298 1.585 Foreign currency per US$ S$ YEN 78.50 64.20 RM 3.058 2.504 HK$ 7.752 6.347 BAHT 30.64 25.09 RUPIAH 9,578 7,841 RENMINBI 6.265 5.129 INDIAN RUPEE 52.61 43.07 A$ 0.972 0.796 NZ$ 1.219 0.99848 words
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437 2012-10-13 2 Producer prices rise more than expected in September as cost of gasoline surges LATEST US DATA New York CONSUMER sentiment in the United States unexpectedly rose to its highest level in five years in October as consumers became more optimistic about the overall437 words
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Article, Illustration768 2012-10-13 4 Teh Shi Ning - GDP growth for 2012 still expected to be within government’s 1.5-2.5% forecast By Teh Shi Ning tshining@sph.com.sg Singapore GROWTH will remain subdued for the rest of 2012, and could come in “slightly below” the economy’s potential rate in 2013, the governmentPHOTO: ST FILE - 768 words
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519 2012-10-13 5 Anthony Rowley - Weaker momentum in China and India having impact on region’s economies By Anthony Rowley btworld@sph.com.sg Tokyo THE global economy may not have hit the bottom yet because the complexities of the ongoing slowdown make firm assertions impossible, senior519 words
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Article, Illustration738 2012-10-13 6 Nisha Ramchandani - CEO Ma scouting potential sites for another hotel, eyeing markets such as Indonesia By Nisha Ramchandani nishar@sph.com.sg Singapore THE IndoChine Group is (finally) making its first foray into the hospitality sector with a 1.3 billion baht (S$51.8 million) property in Phuket738 words
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734 2012-10-13 6 Bloomberg AFP Tokyo JAPAN and China agreed to talks aimed at reducing tensions over a territorial dispute a day after Japanese Prime Minister Yoshihiko Noda warned that Asia’s two biggest economies would suffer without negotiations. Officials from both countries agreed toBloomberg; AFP - 734 words
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634 2012-10-13 7 Nisha Ramchandani - SATURDAY SOAPBOX By Nisha Ramchandani nishar@sph.com.sg SAME same but different? That seems to be what Thailand is gunning for with its upcoming bid to host the Formula One Grand Prix, seizing on the successful formula pardon the pun, it had to634 words
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401 2012-10-13 7 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg Singapore THE decline in Singapore’s national productivity is likely to be keenly discussed by lawmakers when Parliament sits on Monday. No fewer than four MPs have filed questions on the issue four directed at Trade and Industry Minister Lim Hng401 words
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Page 2 Advertisements
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Advertisement61 2012-10-13 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-15 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 Style L2-5 Dining L6-9 CEOs’ Hawker Choices L10-1261 words
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Page 3 Advertisements
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Advertisement517 2012-10-13 3 A TANJI BUN fernnghi r p s i n p m r. p RESIDENCE penang fe ft tr- lEH iSiaa W »JEREJ/> Penang Airport Jl TRENDS ©SOUTHBAY L FESTYLE RETA L l!M! 1 HUH llli: > ■■i'll" a. sf nil i ii 1 “TTn _J| r,:iv Tii/i 40b (t S3517 words
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Page 7 Advertisements
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Advertisement138 2012-10-13 7 START SPREADING THE NEWS THE SMASH-HIT SHOW OPENS THIS WEEK AT THE MARINA BAY SANDS If he played football like he sings, I'd sign him tomorrow. Sir Alex Ferguson DIRECT FROM LONDON’S WEST Em WmKebi hah Louis Hoover’s I .CO A Production of: BASE FEWURIHfiTHE Official Multimedia Sponsor: K SingTel138 words
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THE RAFFLES CONVERSATION
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Article, Illustration1563 2012-10-13 8 / 9 Chen Huifen - Lim Chuan Poh, former Chief of Defence Forces, now circles the globe pitching Singapore as an R&D destination and finding ways to grow innovation. The A*Star chairman talks to Chen Huifen Chen Huifen xuifen@sph.com.sg LIM Chuan Poh diligently brings his sports shoes along whenever he travelsYEN MENG JIIN - 1,563 words
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Article324 2012-10-13 8 / 9 A*STAR was formed in 2002, following the restructuring of the former National Science and Technology Board (NTSB). All related research institutes were brought under it to generate collaboration and avoid duplicating work. The research institutes at A*Star are grouped under two councils: the Biomedical Research324 words
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WEEK IN REVIEW
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THIS WEEK October 8-12, 2012
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66 2012-10-13 10 THE recession that gross domestic product data is widely expected to confirm on Friday may be “technical” in definition, but more weakness could lie ahead for the real economy and a third consecutive quarter of contraction cannot be ruled out. Economists expect66 words
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57 2012-10-13 10 BANK and property stocks fell on Monday as the market weighed the possibility following last week’s mortgage curbs that the government was prepared to step in with more measures to check property prices. Developers were largely sanguine about the potential impact on57 words
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55 2012-10-13 10 SINGAPORE’S Fullerton Fund Management, which manages assets of some $10 billion, is looking to double the size of its portfolio over the next five years. The Asia-focused firm, owned by Temasek Holdings, will come up with more investment products and push marketing55 words
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49 2012-10-13 10 TECHNICAL recession or not, how the central bank decides on monetary policy this Friday will depend largely on its outlook on growth and inflation. Second-quarter GDP numbers may be better than first estimated, said Prime Minister Lee Hsien Loong on Tuesday.49 words
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57 2012-10-13 10 TAX dodgers can no longer hide their funds in Singapore and there will be severe penalties on private banks which accept such clients. The Monetary Authority of Singapore on Tuesday said it is designating a broad range of serious tax crimes as money57 words
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65 2012-10-13 10 THE $8.88-a-share offer for Fraser and Neave by Thai tycoon Charoen Sirivadhanabhakdi is not compelling but fair, said F&N’s independent financial adviser, valuing the conglomerate at $8.30 to $11.22 a share. F&N independent directors agreed with the IFA’s view on the offer price,65 words
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Article, Illustration74 2012-10-13 10 IN a move that has blindsided StarHub, SingTel’s mio TV has swooped in on broadcast rights for the next three seasons of the Barclays Premier League on a non-exclusive basis. This means it is not obliged to share content with its competitors. GOAL!PHOTO: AP - 74 words
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65 2012-10-13 10 THE largest 58 banks in the Euro- pean Union will have to sell between US$2.2 trillion and US$3.8 trillion of assets by end-2013 to improve their financial position, estimates the International Monetary Fund. The “deleveraging”, notably the anticipated reduction of65 words
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78 2012-10-13 10 BEHIND the “not compelling but fair” assessment of a Thai offer for Fraser and Neave are numbers showing how much the conglomerate may be worth in a break-up scenario. F&N’s property business may fetch anything from $4.4 billion to $6.8 billion, said78 words
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48 2012-10-13 10 EUROPEAN bond, stock and currency markets on Thursday shrugged off Standard Poor’s downgrade of Spain’s long-term credit rating to almost junk. After tumbling in early trade, the euro and Spanish bonds and equities recovered in tandem with other European and US markets.48 words
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55 2012-10-13 10 INTERNATIONAL Monetary Fund managing director Christine Lagarde on Thursday issued a call for action in dealing with what she said were formidable challenges facing the global economy. She urged IMF and World Bank governors at their annual meeting in Tokyo to show “courage”55 words
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Article82 2012-10-13 10 US DATA Oct 15 Sept retail sales Oct 16 Sept consumer price index Sept industrial production Oct 17 Sept housing starts Oct 18 Oct jobless claims SINGAPORE DATA Oct 15 Aug retail sales and F&B services indices Oct 17 Sept merchandise trade EVENTS Oct 1582 words
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Page 10 Miscellaneous
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Miscellaneous314 2012-10-13 10 Across 1 Man very curious about slogan sung in fleet (8,4) 8 Animal watering hole in which smell’s appalling at first (7) 9 Liner hit it, an iceberg somewhat hidden (7) 11 Husbandry up to the time of elderliness (7) 12 Saw king finished in lead (7) 13 Hit back314 words
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Miscellaneous10 2012-10-13 10 SATURDAY with Ludwig Are there any apps with this phone10 words
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COMPANY NEWS
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Article, Illustration553 2012-10-13 11 Kenneth Lim - Drop of 5.9% due largely to lower investment income, even as recurring earnings improve marginally By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE Press Holdings yesterday posted a 5.9 per cent drop in net profit for the year ended August as investment income declined and theST FILE PHOTO - 553 words
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581 2012-10-13 11 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg Singapore CREDIT cardholders here are pretty prudent. Despite higher spending, they are careful with repayments. Latest data from Credit Bureau (Singapore) Pte Ltd (CBS) shows that consumer delinquency has fallen in the past 10 years.581 words
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Article, Illustration938 2012-10-13 12 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent SPAIN’S problems, China’s slowdown, the United States economy, the probability of a technical recession for ingapore and the government’s latest property curb one or all played a part in this week’s trading, during which the Straits938 words
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Article, Illustration544 2012-10-13 12 Reuters Bangkok YEAR-to-date stock index gains in Thailand and the Philippines that are double those on broad Asian and world indexes suggest the easy money may already have been made in South-east Asia. After benefiting from a strong domestic consumption play, South-east AsianReuters; PHOTO: BLOOMBERG - 544 words
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271 2012-10-13 14 Joyce Hooi - Sim Yong Teng resigns as executive chairman, director and member of its nominating committee By Joyce Hooi joyceh@sph.com.sg Singapore SINWA Limited executive chairman Sim Yong Teng has been fined $153,000 for insider trading among other things and disqualified from holding directorships for three271 words
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784 2012-10-13 14 Reuters Singapore BOSSES of Singapore-listed companies are taking their firms private to take advantage of beat-en-down prices and cheap financing, more than trebling management buyout deals in the island-state to US$10.9 billion compared with the whole of 2011. Among South-eastReuters - 784 words
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104 2012-10-13 14 COURTS Asia Limited’s initial public offering (IPO) was 5.6 times subscribed excluding the cornerstone and management subscription tranches by the close of the application for shares on Thursday. The institutional placement tranche of 76.9 million offering shares was 3.4 times subscribed based on indication104 words
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314 2012-10-13 15 Jasmine Ng - Proposed takeover of Deltamarin By Jasmine Ng jasng@sph.com.sg Singapore CHINA-based maritime group Avic International Investments plans to have a major ship-designing arm, announcing yesterday its proposed acquisition of Finland-incorporat-ed Deltamarin Oy. Although the proposed transaction is for the full acquisition of Deltamarin for314 words
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222 2012-10-13 15 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg Singapore TREASURY China Trust (TCT) said yesterday that Forum Asian Realty Income III had made no moves to redeem its bonds. Forum did not issue any notice for redemption of the bonds that it obtained in March 2011222 words
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Page 13 Advertisements
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Advertisement60 2012-10-13 13 You may not be happy in your current job, but leaping blindly into another can be disastrous if you don’t thoroughly investigate the choices and consequences. Be smart about changing careers. Let CATS Recruit be your guide as it opens up a world of opportunities to you with its comprehensive60 words
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Page 14 Advertisements
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Advertisement421 2012-10-13 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GROUND ENGINEERING TECHNOLOGIES PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****4286M) At an Extraordinary General Meeting of the members of the above-named Company held at 9 Oxley Rise #03-02 The Oxley Singapore *****7 on 8421 words
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Page 15 Advertisements
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Advertisement1569 2012-10-13 15 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Amtek m AMTEK ENGINEERING LTD Re-engineering Success Company Registration No. *****3886K (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Amtek Engineering Ltd (“the Company”) will be held at 35 Pioneer Road1,569 words
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FROM THE DESK OF
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Article, Illustration826 2012-10-13 16 Dr Hugh Bradlow - Just having a new way of doing business or creating new products is not sufficient. Those new products or business practices must be different from others, and thirdly, must make a real difference to the company’s customers. FROM THE DESK OF Dr Hugh Bradlow Chief826 words
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SINGAPORE NEWS
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Article, Illustration691 2012-10-13 17 Chuang Peck Ming - Many Australian firms are using the Republic as a springboard to access other parts of the world, says PM Lee By Chuang Peck Ming peckming@sph.com.sg Sydney ECONOMIC links between Singapore and Australia are growing, with trade between them doubling in the past decade and691 words
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536 2012-10-13 17 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg COVERAGE for the elderly from the Medisave scheme will be enhanced from next March based on the feedback the government received from its public consultation exercise. The Ministry of Health (MOH) held a public consultation in July and August to get536 words
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368 2012-10-13 17 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg OGILVY Mather Singapore has been ordered to pay legal costs to its former chairman Stephen Mangham for interlocutory proceedings between them. On Tuesday, Mr Mangham attempted to execute a writ of seizure and sale at Ogilvy’s office,368 words
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469 2012-10-13 18 Andrea Soh - Productivity trailing most other countries, according to a Bain study By Andrea Soh sandrea@sph.com.sg PRODUCTIVITY in Singapore’s food manufacturing industry lags behind that of most other countries. While still relatively profitable, Singapore companies have lower levels of automation and rely on a large base469 words
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Article, Illustration725 2012-10-13 18 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg THERE are advertising agencies and there are sports marketing firms. But rarely do you come across an outfit that can be described as being a leader in both fields. Dentsu Sports Asia (DSA), a part of global advertising giant Dentsu Inc,725 words
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454 2012-10-13 18 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg A NEW valuation guideline on green buildings could potentially boost the values of these properties, as valuers take into consideration the structure’s income and cost implications. The income method, for instance, will take into account the enhancements a building454 words
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WORLD
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421 2012-10-13 19 Some emerging markets, critics hail IMF’s shift in stance Reuters Tokyo GERMANY held firm yesterday in insisting that it was too soon to say Greece deserved more time to meet its budgetcutting goals even as the head of the International Monetary Fund (IMF)Reuters - 421 words
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Briefing
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123 2012-10-13 19 AFP Hyderabad, India A COURT in the southern Indian city of Hyderabad yesterday issued an arrest warrant for billionaire Vijay Mallya, owner of debt-ridden Kingfisher Airlines, a spokesman for the complainant said. The non-bailable warrant was issued in the local sessions court against Mr Mallya,AFP - 123 words
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108 2012-10-13 19 AP Tokyo THE utility behind Japan’s nuclear disaster acknowledged for the first time yesterday that it could have avoided the crisis. Tokyo Electric Power Co (Tepco) said it had known safety improvements were needed before last year’s tsunami triggered three meltdowns, but it had fearedAP - 108 words
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115 2012-10-13 19 Bloomberg Tokyo JAPAN’S richest man, Tadashi Yanai, and the nation’s second wealthiest, Masayoshi Son, lost a combined US$2.5 billion in net worth yesterday as shares in the companies they founded plunged. Mr Yanai, the chairman of Fast Retailing Co, lost US$1.1 billion to US$10.3Bloomberg - 115 words
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Article, Illustration532 2012-10-13 20 Extended overseas slowdown may nudge Japan into recession Reuters Tokyo JAPAN’S government downgraded its view of the economy for the third straight month in October as worries about Europe’s debt crisis and China’s slowdown intensified, adding pressure on the central bankReuters; PHOTO: BLOOMBERG - 532 words
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484 2012-10-13 20 Reuters New Delhi INDIA’S industrial output rose modestly in August but not enough to end a long slump in Asia’s third largest economy, while inflation slowed, improving the case for a cut in interest rates that both businessmen and politiciansReuters - 484 words
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295 2012-10-13 20 Bloomberg Tokyo JIM Yong Kim, the World Bank’s new president, says he wants to offer emerging markets new types of loans and more clout to keep the institution relevant for nations such as China and Brazil that don’t need its financing. “We’re developingBloomberg - 295 words
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Article, Illustration462 2012-10-13 22 Union honoured for its historic role in uniting the continent; it beats 230 other contenders Reuters Oslo THE European Union (EU) won the Nobel Peace Prize yesterday for its historic role in uniting the continent in an award meant as a moraleReuters; PHOTO: AP - 462 words
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Article, Illustration471 2012-10-13 22 Bloomberg Reuters Kuala Lumpur MALAYSIA, the second-biggest producer of palm oil, will reduce the export duty on the crude variety and abolish the duty-free shipment quota from Jan 1. The reduction will allow the industry to compete withBloomberg; Reuters; PHOTO: BLOOMBERG - 471 words
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Page 19 Advertisements
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Advertisement1135 2012-10-13 19 AUSSINO GROUP LTD (the “Company”) (Registration No. *****0323H) (Incorporated in the Republic of Singapore) NOTICE OF TWENTY-FIRST ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-First Annual General Meeting of Aussino Group Ltd (the “Company”) will be held at Suntec City Guild House (near Suntec City Tower 4), 31,135 words
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Page 21 Advertisements
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Advertisement79 2012-10-13 21 w HOW TO ENSURE A 1 -KILOMETRE ADVANTAGE. Give your child a head start. Log on to stproperty.sg and use our proximity tools to search for properties near your choice schools. You will soon find a home with high scores in location and convenience. A product of SPH, Singapore’s trusted79 words
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Page 22 Advertisements
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Advertisement64 2012-10-13 22 LASALLE College of the Arts is looking for a Public Affairs Executive Mapletree Investments is hiring a Property Management Head UOB is recruiting an Insurance Sales Manager The Central Provident Fund Board has a position open for a Director (Corporate Member Communications) Comfort Delgro has a vacancy for the position64 words
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Article8003 2012-10-13 23 Transaction date: Oct 12 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 12.4 18 66.8 0.4 3.1 62.3 6 3 A-Sonic 3.8 unch 27 3.8 3.8 3.4 4.2 3.4 27.28,003 words
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Article1781 2012-10-13 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 $mil 20.5 12.1 t 800 Super 19 -0.5 283 19 18.9 18.9 19 3.3 5.3 5.7 34 4 2.8 t AA Grp 3.1 3 3.9 31,781 words
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Article186 2012-10-13 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 2 0 0 0 9 5 2 Manufacturing 50 31 50 6 4 8 56 35 58 Commerce 22 12 22 1 6 2 23 18 24 Tpt/Stor/Comms 20 11 8186 words
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Article785 2012-10-13 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Oct 8 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Stamford Tyres 10-Oct-12 Dawn Wee *Buy 113 0.33 ***** 31.58 ***** 31.63 Stamford Tyres 10-Oct-12 Wee Kok785 words
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Article121 2012-10-13 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,358 15,358 65,176 65,176 Manufacturing 347,008 22,779 369,787 284,033 819 284,852 Commerce 169,044 4,279 173,323 142,017 348 142,366 Tpt/Stor/Comms 112,464 13,045 125,509 170,050 4,121 174,170 Finance 19,246 312 19,558 119,613 137 119,750 Construction 86,689 51,418121 words
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MARKETS
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Article80 2012-10-13 27 Oct 11 COCOA (£/tonne) Close Prev High/Low Dec 12 1518 1535 1549/1513 Mar 13 1527 1543 1555/1523 May 13 1536 1551 1563/1531 Jul 13 1544 1559 1568/1539 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2076 2098 2112/2071 Jan 13 2079 2102 2116/2075 Mar 13 2094 2116 2130/2094 May 13 210880 words
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Article67 2012-10-13 27 Oct 12 GOLD(US$/oz) Oct 12 Oct 11 Hong Kong 1773.70 1765.00 Oct 11 Oct 10 London 1771.60 1762.24 1772.40 1763.46 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 42.08 41.43 Source: UOB PLATINUM Lon (US$/oz) Oct 11 Close Previous PM Fix 1681.00 1671.00 AM Fix 1676.00 1677.00 Source:67 words
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Article57 2012-10-13 27 Oct 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 12 2350.0 2380.0 2400.0 2300.0 101 1726 Nov 12 2435.0 2453.0 2480.0 2340.0 682 7888 Dec 12 2529.0 2523.0 2529.0 2379.0 ***** ***** Jan 13 2592.0 2586.057 words
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Article86 2012-10-13 27 Oct 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 10-Jan-13 0.27 6-Month BS*****W 04-Apr-13 0.29 1-Year BY*****T 02-May-13 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.13 5-Year N*****0Z 2.375 01-Apr-17 108.7486 words
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Article154 2012-10-13 27 Oct 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2561 1.2564 1.0285 1.0286 Canadian dollar 1.2486 1.2491 1.0226 1.0224 Euro 1.5851 1.5856 1.2979 1.2981 NZ dollar 1.0015 1.0031 0.8200 0.8212 Sterling pound 1.9620 1.9628 1.6065 1.6069154 words
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Article, Illustration94 2012-10-13 27 As on 11 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1776.00 1764.10 1770.80 INDIA GOLD (E-GOLD) FUT DEC2012 593.00 589.30 590.65 CURRENCY EUR-USD FUT DEC2012 1.2952 1.2847 1.2942 BASE METAL COPPER FUT DEC2012 8319 8203 8273 INDEX IRON ORE (MBIO) IDX94 words
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Article103 2012-10-13 27 Oct 11 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 12 1548.50 1523.25 1568.00 1521.25 Jan 13 1548.50 1523.75 1566.75 1521.75 Mar 13 1520.75 1487.25 1531.00 1486.75 May 13 1478.25 1439.50 1483.50 1439.5 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Oct 12 50.88 50.17 51.30 50.80103 words
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Article68 2012-10-13 27 Oct 11 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 114.74 0.4 WTI (Near Mth) 92.43 1.06 Dubai (1-Mth F) 110.6 0.93 Tapis blend 119.71 0.71 Minas 114.86 0.71 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.72 0.44 Jet Kerosene 133.97 1.23 US$/barrel OpecOil Basket Price 110.9468 words
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Article118 2012-10-13 27 Oct 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.283 1.222 Can dollar 1.277 1.217 Euro 1.617 1.54 Sterling pound 1.997 1.921 NZ dollar 1.026 0.978 US dollar 1.239 1.192 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article69 2012-10-13 27 Oct 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1992.25 1980.25 3 months 2016.00 2008.00 Copper, Grade A (US$/tonne) Cash 8242.00 8164.75 3 months 8239.50 8165.00 Lead (US$/tonne) Cash 2180.50 2188.00 3 months 2184.00 2197.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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373 2012-10-13 27 In local curr In S$ In US$ dy yr dy yr dy yr Oct 11 Index Change Change Change Change Change Change World Preliminary 916.2 0.4 10.4 0.4 5.0 0.5 10.9 EAFE Preliminary 726.4 0.4 6.5 0.4 1.4 0.6 7.2 Europe Preliminary 1110.9 0.9 8.2373 words
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Article, Illustration107 2012-10-13 27 Straits Times Index YTD change: +14.94% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 Source: Bloomberg Hang Seng Index YTD change: +14.66% 52-week high: 21,760.34 on Feb 20,2012 52-week low: 17,613.20 on Nov 25,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD change:-4.30% 52-week high:Source: Bloomberg - 107 words
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PERSPECTIVE
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Article, Illustration1126 2012-10-13 28 / 29 Tan Chorh Chuan - NUS is embarking on a multi-year effort to place technology-enhanced learning at the shared centre of the learning process in key courses. By Tan Chorh Chuan By Tan Chorh Chuan ~This is an excerpt of Professor Tan’s speech at the NUS State of the UniversityPHOTO: ALPHONSUS CHERN/ ST - 1,126 words
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Article, Illustration797 2012-10-13 28 / 29 Robert Samuelson - Robert Samuelson The Washington Post Writers Group LET’S review again the math of Mitt Romney’s proposed tax cuts to show why contrary to the rhetoric from President Barack Obama’s campaign they do not amount to a US$5 trillion tax cut for the rich. We allThe Washington Post Writers Group; PHOTO: AFP - 797 words
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Wealth
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WEALTH INVESTING
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Article, Illustration968 2012-10-13 30 / 31 PAUL LIM - Bond funds are on track for their best year since 2009, and the secret to many managers’ recent success has been simple: don’t mimic the indexes. By PAUL LIM By PAUL LIM NYT THE average taxable bond fund gained 6.8 per cent through the first three quartersNYT; BLOOMBERG - 968 words
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Article695 2012-10-13 30 / 31 Kenneth Lim - Compiled by Kenneth Lim DBS Group Holdings Outperform CIMB Research Oct 12 Oct 12 close: S$14.18 WE raise our FY2012 reported net profit by 11.6 per cent after incorporating a S$450 million gain from the partial stake divestment of Bank of the Philippine Islands (BPI) to Ayala Corp695 words
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Article, Illustration1013 2012-10-13 32 Charles Curtis; Simon Tam - The Chinese have become increasingly discerning and sophisticated in their purchases, reflecting a more mature market and increasingly refined palate WEALTH MATTERS Charles Curtis Christie's Head of Wine Sales, Asia Simon Tam Christie's Head of Wine Sales, China btnews@sph.com.sg WHILE the blue-chip reds of Bordeaux willPHOTO: REUTERS - 1,013 words
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Article, Illustration1605 2012-10-13 33 Teh Hooi Ling - A short-list of stocks in Singapore, Hong Kong and Malaysia made a year ago provides insight SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent THIS time last year, the sentiment for the equity market was very bad. Concerns over the slowing1,605 words
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WEALTH REAL ESTATE
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Article1024 2012-10-13 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 12 AND SEPT 18, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 14/09/2012 99 721 1703 2362 V On Shenton Apt 14/09/2012 991,024 words
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Article, Illustration664 2012-10-13 35 Kalpana Rashiwala - Drop attributed to weak economic sentiment and soaring strata industrial property prices; leasing activity stays firm By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE number of caveats lodged for the purchase of strata factories and warehouses roughly halved in the third quarter of 2012,Source: SISV-REALink, Savills Research & Consultancy; Source: Savills Research & Consultancy - 664 words
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396 2012-10-13 35 Zeinab Yusuf Saiwalla - By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg Singapore JTC Corporation awarded the tenders for two sites at Tuas South Streets 6 and 7 to the highest bidders, Kwong Lee Holdings and 800 Super Holdings respectively. Kwong Lee Holding’s highest bid of $4.9 million396 words
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Advertisement107 2012-10-13 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™ ANNIVERSARY107 words
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Page 1 Advertisements
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Advertisement57 2012-10-13 1 Living THE BUSINESS TIMES WEEKEND OCTOBER 13-14 2012 BT FAST FORWARD Singapore designers hit New York to pitch and learn L2-4 HOME GARDEN Multi-tier living L14-15 DINING HK dim sum star dimmed L4 GUEST CHEF Mario Batali L9 LIFESTYLE Balik kampong L6-8 CEOs' HAWKER CHOICES 2012 Chicken rice L10-12 MOTORING57 words
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BT Living
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STYLE
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Article, Illustration2075 2012-10-13 2 / 3 May Yip - Raoul may have already scored a space in Bloomingdales on 59th Street, but these Singapore labels are also increasing their presence in the cutthroat fashion capital. Home-grown designers recently flew across the globe to pitch their labels to the world’s toughest fashion players New York’s agents, buyers and2,075 words
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Article, Illustration702 2012-10-13 5 Dylan Tan - Royal Selangor unveils unique range from its debut tie-up with Taiwan’s National Palace Museum. By Dylan Tan dylantan@sph.com.sg YOU can now take home treasures from Taiwan’s world famous National Palace Museum (NPS) thanks to the latter’s collaboration with pewter giant Royal Selangor. The Imperial Collection features702 words
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STYLE/DINING
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Article, Illustration650 2012-10-13 4 Debbie Yong - Hong Kong’s Michelin-starred dim sum chain Tim Ho Wan to shut its original Mongkok outlet. By Debbie Yong FAME, they say, comes at a price. Chef Mak Kwai Pui should know he has just been brought the bill. On it, an impending 2.5650 words
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LIFESTYLE
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Article, Illustration3117 2012-10-13 6 / 7 Tan Teck Heng; Natalie Koh - More hip joints are sprouting up in Malay heritage precinct Kampong Glam, changing the fabric of the entire area. BT Weekend susses them out By Tan Teck Heng btnews@sph.com.sg By Natalie Koh btnews@sph.com.sg LONG before the likes of Tiong Bahru and Keong Saik became to-go places for thePHOTOS BY JOSEPH NAIR; PHOTO: JOSEPH NAIR; YEN MENG JIIN - 3,117 words
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DINING
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Article, Illustration1116 2012-10-13 9 Geoffrey Eu - Culinary rock star Mario Batali shares his plans for his food empire and his passion for his job. By Geoffrey Eu guest chef By Geoffrey Eu WHEN he turned 50 two years ago, Mario Batali bought an electric ukulele, trained himself to play it and started to1,116 words
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CEOS' HAWKER CHOICES 2012
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Article, Illustration2655 2012-10-13 10 / 11 Dylan Tan; Geoffrey Eu; Natalie Koh - There is a good reason why chicken rice is widely regarded as our national dish. You will find it in any hawker centre Maxwell Food Centre alone is home to six stalls. Singaporeans appear to have an insatiable appetite for it. The dish originated from Hainan in China,ALL PHOTOS BY YEN MENG JIIN - 2,655 words
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Article, Illustration501 2012-10-13 12 delight. ”GE - delight.”GE CHICKEN rice and Lim Soon Hock go back a long way back to the ’60s, when he was a student at Raffles Institution. Back then, if he felt that his exam results were up to expectations, he would treat himself to a plate of the501 words
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HEALTH
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Article, Illustration1067 2012-10-13 13 Michael Lim - Heart disease in women its nature, risks and symptoms is different from that in men. 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 Medical Journal Publishing Group); chairman, scientificPHOTO: FILE - 1,067 words
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HOME&GARDEN
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Article, Illustration1124 2012-10-13 14 / 15 Tay Suan Chiang - Raymond Khoo was drawn to the s x-stor y townhouse at Bukit T mah as it offers privacy for each member of the family. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg Entrepreneur Raymond Khoo designs restaurants for work, and his design skills extend toALL PHOTOS BY JOSEPH NAIR - 1,124 words
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SPORTS
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Article, Illustration884 2012-10-13 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent I SPENT last Saturday night with 18 sweaty men and two very hot ladies. Now, please don’t get the wrong idea. I was actually at the Singapore Indoor Stadium catching the latest instalment of One Fighting Championship (One FC),884 words
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BT CORPORATE GOLF LEAGUE 2012
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Article, Illustration214 2012-10-13 17 Justine Moss - Any of the top three teams have a shot at winning this year’s trophy. By Justine Moss THE sixth and final round of the Business Times Corporate Golf League tees off next week on the Singapore Island Country Club’s (SICC) New Course, and with214 words
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Article, Illustration328 2012-10-13 17 HAVING enjoyed themselves immensely during last year’s BT Corporate Golf League, Team Emerio once again signed up this year. Harish Nim, CEO of Emerio GlobeSoft, said: “We had a great time last year and we decided then that we’d take part in this event every year!328 words
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Article, Illustration242 2012-10-13 17 btnews@sph.com.sg THIS year sees Investment Global competing for the first time in the BT Corporate Golf League. Team captain Peter Tan says it’s a great way to meet new fellow golf enthusiasts. “It is also a great way to make new friends and an242 words
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MOTORING
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Article, Illustration628 2012-10-13 18 / 19 Samuel Ee - They can be fast but frugal. Samuel Ee drives two German models with 1.4-litre turbocharged engines Samuel Ee DUE to tax reasons, the ideal car for Singapore has always been the one with the big body and small engine. Now, the difference in small628 words
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Article, Illustration614 2012-10-13 18 / 19 samuelee@sph.com.sg IF anyone can claim to have both sensational styling and a practical power plant in one package, it would have to be Opel. The German carmaker’s Opel GTC 1.4T is a racy-looking three-door hatchback with a surprisingly punchy 1,400 cc turbocharged engine. The relatively small four-cylinder unit614 words
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Article, Illustration589 2012-10-13 20 Samuel Ee - The most endearing quality of the Audi Q3 has to be its compact proportions. By Samuel Ee samuelee@sph.com.sg AUDI has labelled it an ur-ban-friendly SUV, others a compact crossover. But what really makes the Audi Q3 different is its attractive design and proportions. t a glance, this cute589 words
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Page 8 Advertisements
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Advertisement888 2012-10-13 8 wine&dine with BTWeekend AquaMarine Level 4, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1118 Delightful Asian Cuisine. Valid till 31 October 2012 Look no further than AquaMarine’s Halal-certified food stations and sumptuous buffet spread to satiate your cravings for delicious cuisines from around Asia this October! Taste the best of888 words
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Advertisement60 2012-10-13 10 / 11 OUTSTANDINGLY ACCOMMODATING Knight Frank The preferred estate agent in the residential sector with a full suite of services. Project Marketing Consultancy. International Properties. Prime Sales. Leasing. Call Knight Frank Residential Team at 6228 6831 or visit www.knightfrank.com.sg if you wish to buy, sell or lease. CORPORATE SERVICES > RESIDENTIAL >60 words
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Advertisement31 2012-10-13 16 HOME NEEDS QOOOOOOO QOOOOOOO A gateway to beautify your home. To find out more, turn to CLASS 108 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT31 words
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Page 21 Advertisements
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Advertisement40 2012-10-13 21 IZ89|,9 iveekend THE BUSINESS TIMES OCTOBER 13-14,2012 SJi.oo A SINGAPORE PRESS HOLDINGS PUBLICATION I mica (P) 075/08/2012 www.businesstimes.com.sg as ISrIGUE )MATIC /A mm m t urns'. S MAOt I 0 i iUDEMARS PlCUET Le Brass us Royal Qik MO Years40 words
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Advertisement213 2012-10-13 22 Mm, 0 v r i. ■A > M U 'A Rov.il (laR I vrj Ss£ >> o v M D 11/ The Impossible Made Perfect The human affection for exquisite timepieces has been sloketi with countless watch brands through generations. Rut only Audcmars Piguet has become the only one among213 words
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Advertisement362 2012-10-13 1121 Timeline/ /Royal Oak Genesis 1972 Royal Oak This revolutionary model that Gerald Genta designed in one night drew both praises and criticism alike. It went on to become the pioneer of four decades of groundbreaking Royal Oak designs. Ref 540 2 ST L 7 LJ Ik r ym 1981 Royal362 words
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Advertisement18 2012-10-13 1122 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. Royal Oak '40 Years iUDEMARS PlCUET Le Brass us18 words
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