The Business Times, 27 October 2012

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Microfilm: NL32265
Total Pages: 41
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| OCTOBER 27-28, 2012 S$1.00| MICA (P) 075/08/2012
    15 words
  • Article, Illustration
    Lock icon Not yet time to clock out for Cortina founder
    740 1  -  Neither is he interested in selling the luxury watch chain, no matter what price is offered By Chuang Peck Ming peckming@sph.com.sg SingaporeC ORTINA Watch is not for sale. “I’m not selling companies to make money,” says Anthony Lim founder, chairman and
    PHOTO: YEN MENG JIIN  -  740 words
  • Article
    Lock icon Hong Kong to tax overseas property buyers to cool market
    373 1 Reuters Hong Kong HONG KONG will introduce new property cooling measures today, including a 15 per cent tax on overseas buyers, to curb a rise in prices to increasingly unaffordable levels, Financial Secretary John Tsang said yesterday. It will also
    Reuters  -  373 words
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  • TOP STORIES
    • Article
      Lock icon Economy grows 2% in Q3
      588 2 Consumer sentiment index rises to 82.6, its highest level in five years LATEST US DATA Reuters AP Washington US economic growth picked up in the third quarter while consumer sentiment rose to its highest level in five years. A report by the Commerce Department yesterday
      Reuters; AP  -  588 words
    • MARKETS
      • Article
        Lock icon STOCKS
        56 2 GSTI(Thursday’s close) 3,057.51 (+12.78) GSTI FUTURES 3,058.00 (+14.00) GSIMSCI 347.70 (+1.53) GSIMSCI FUTURES 347.30 (+1.00) Friday Change KL COMP Closed NIKKEI 225 8,933.06 -122.14 HANG SENG 21,545.57 -264.66 SET 1,281.81 -15.58 JAKARTA Closed MANILA Closed KOSPI 1,891.43 -33.07 SHENZHEN B 591.77 -11.85 MUMBAI IND 18,625.34 -133.29 12.00 EDT Change
        56 words
      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.248 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg
        29 words
      • Article
        Lock icon FOREX
        50 2 (Thursday‘s close) US$ S$ US$ (S$ per US$) 1.220 (US$/S$ per 1.607 1.961 EURO(US$/S$/€) 1.301 1.587 Foreign currency per US$ S$ YEN 80.10 65.70 RM 3.041 2.492 HK$ 7.750 6.351 BAHT 30.68 25.14 RUPIAH 9,622 7,885 RENMINBI 6.242 5.115 INDIAN RUPEE 53.59 43.91 A$ 0.963 0.789 NZ$ 1.214 0.995
        50 words
    • Article, Illustration
      Lock icon Apple posts disappointing Q4 results
      1051 4 Main smartphone rival Samsung Electronics Q3 net profit nearly doubles; all eyes now on holiday shopping season Reuters AFP San Francisco APPLE Inc delivered a second straight quarter of disappointing results and iPad sales fell well short of Wall Street’s targets, marring its record of
      Reuters; AFP  -  1,051 words
    • Article
      Lock icon CEOs trade barbs as tablet war hots up
      858 5 With holiday sales in mind, they are not only brazenly touting their products but also taking shots at rivals Reuters San Francisco THE biggest names in consumer technology, stung by a string of disappointing quarterly results this month, are suiting up for
      Reuters  -  858 words
    • Article, Illustration
      Lock icon iPad Mini is too pricey for the mid-market
      773 5  -  SATURDAY SOAPBOX By Victoria Ho vhoip@sph.com.sg THE tablet world’s worst-kept secret has finally become a reality with the iPad Mini. he arrival of a smaller iPad (or bigger iPhone, depending on how you see it) had been widely anticipated for over a
      PHOTO: AFP  -  773 words
    • Article, Illustration
      Lock icon Women making a mark in property projects
      1215 6  -  Earning respect, showing their true grit, adding a woman’s touch and dispelling the stereotype By Mindy Tan tanmindy@sph.com.sg Singapore OF the industries one may choose to build a career in, property development is one that is arguably more difficult for a woman to
      1,215 words
    • Article, Illustration
      Lock icon Mixing business with culture
      1095 7  -  Spotlight Singapore trip shows local entrepreneurs what the Czech Republic and Slovakia have to offer By Felda Chay feldac@sph.com.sg Singapore THE cities of Prague and Brno in the Czech Republic, and Bratislava in Slovakia would not be destinations that normally come to mind when a Singapore
      PHOTO: LIGHTLY SALTED FOR THE OLD PARLIAMENT HOUSE LIMITED  -  1,095 words
    • Article, Illustration
      Lock icon Hedge fund boxers bleed for charity in HK
      940 8 Fight Nite features bikini models, 7 bouts and auctions that raise HK$500,000 as everyone has a bloody good time Bloomberg Hong Kong “IT was just so quick,” said Danielle “Steely” Midalia after defeating Andrea “Glynn-sanity” Glynn in the only women’s bout at
      Bloomberg; PHOTO REUTERS; PHOTOS: AFP, REUTERS  -  940 words
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      Lock icon Page 2 Advertisements Column 1
      63 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12 From the Desk of 13 Singapore 14 World 15-18 Stocks Stats 19 Perspective 20-21 Wealth 23-27 Show Me The Money 25 House Hunt 26 Real Estate 27 LIVING Design L2-4 Style L5 Gadgets L6 Dining L7-9
      63 words
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      Lock icon Page 3 Advertisements Column 1
      56 3 BURBERRY.COM >A>X S*N 'V. il r ■m. i ■••AV. V‘V*^A\V--mx 4Se>< sws ite fc 9i •feV I IV-K-v-.’.; ■>.*. 1. i > tv, ■Stsr P\v.\ V' life'# .tf-.V-;: P 9- i'UiUV^'.w; mwm »3 ONDON san in MiwPr ■X m ‘XSbsS ;-!|Sa ORCHfeXRD 65-65 l li A(i(),N 65-6887 IV ***** 603
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  • WEEK IN REVIEW
    • THIS WEEK Oct 22-26, 2012
      • Article
        Lock icon IPO pipeline hots up for Q4 burst
        46 9 THE chase for yield among investors has kindled more interest among business trust owners and Reits to list, and investment bankers are expecting more of them to launch their initial public offerings in the fourth quarter of this year.
        46 words
      • Article
        Lock icon Electricity market all set to crackle
        65 9 AN electricity futures market and a “demand response” scheme will allow big consumers to reduce their power demand if the prices are too high. S Iswaran, Minister in the Prime Minister’s Office and Second Minister for Home Affairs and Trade Industry, said that such
        65 words
      • Article
        Lock icon Japan’s H1 trade deficit soars 90% to highest ever
        59 9 JAPAN’S clash with China over ownership of the Senkaku Islands appears to be taking a heavy toll on exports Japan’s overall trade deficit in the first half of the current fiscal year soared by 90 per cent to 3.22 trillion yen
        59 words
      • Article
        Lock icon PSA group bows out of Mumbai port project
        64 9 PSA International’s grand plans for a fifth container terminal in India has ground to a halt for now. It will bow out of from a much-delayed US$1.2 billion container terminal project in Mumbai after the Jawaharlal Nehru Port Trust last month tore
        64 words
      • Article
        Lock icon Sept inflation rides on cars, into the fast lane
        54 9 CONSUMER prices rose 4.7 per cent in September from a year ago, reversing two months of slowing price gains. Accelerating from August’s inflation rate of 3.9 per cent, September’s headline inflation also beat the median 4.3 per cent forecast of 17
        54 words
      • Article
        Lock icon S’pore most business-friendly for seventh straight year
        49 9 FOR the seventh year running, Singapore has come out in pole position in a ranking of the 185 economies in the area of business-friend-liness, according to the Doing Business report by the World Bank and the International Finance Corporation released on Tuesday.
        49 words
      • Article
        Lock icon Sponsor pulls the plug on Dynasty Reit listing
        62 9 WHAT was tipped to be Singapore’s largest initial public offering of the year, and the first renmin-bi-denominated listing on the Singapore Exchange, has fallen on its face. Dynasty Reit’s flotation, which was expected to raise up to 5.4 billion yuan (S$1 billion),
        62 words
      • Article, Illustration
        Lock icon Bullish SIA spreads wings to shop for 25 new planes
        61 9 SINGAPORE Airlines announced it was ordering five more Airbus A380s and another 20 more A350s for additional capacity growth and fleet renewal. FLYING HIGH THE SIA order commitments are valued at US$7.5 billion based on published list prices. Deliveries are
        AFP FILE PHOTO  -  61 words
      • Article
        Lock icon Apple bridges iPad, iPhone with mini tablet
        50 9 ALL three telcos will start selling the iPad mini and fourth-genera-tion iPad in the coming weeks. While StarHub, SingTel and M1 said both new iPad models will be compatible with their respective 4G network, no price plans or local release dates were announced.
        50 words
      • Article
        Lock icon HK sells HK$14.4b to defend peg against US dollar
        44 9 THE Hong Kong Monetary Authority has intervened in the currency market four times since Oct 19, selling a total of HK$14.4 billion of Hong Kong dollars to protect its 29-year-old peg to the US dollar.
        44 words
      • Article
        Lock icon S-Pass regime may be tightened even further
        49 9 ACTING Minister for Manpower Tan Chuan-Jin has sent a clear message to small and medium-sized enterprises (SMEs) that the foreign worker tap will not start gushing, even in the face of a recession. In fact, the S-Pass regime may be tightened further.
        49 words
      • Article
        Lock icon Surprise 2.5% fall in Sept factory output
        40 9 SINGAPORE’S industrial output shrank 2.5 per cent in September from a year ago, confounding the market’s consensus forecast of 1.8 per cent growth to add to the month’s worse-than-expected export and inflation figures.
        40 words
      • Article
        Lock icon Prof Lim ignites fresh debate on income gap
        61 9 NOTED economist Lim Chong Yah on Thursday said the NWC should continue issuing quantitative guidelines on wage hikes for those earning less than $1,000-1,500 a month for the next two years. If this does not lift wages successfully in 2-3 years, a
        61 words
    • Article
      Lock icon NEXT WEEK Oct 29 – Nov 2
      92 9 NEXT WEEK Oct 29 Nov 2 US DATA Oct 29 Sept Personal Income Sept Personal Spending Oct 30 Oct Consumer Confidence Oct 31 Q3 Employment Cost Index Nov 1 Prelim Q3 Productivity Q3 Unit Labour Costs Oct ISM Index Sept Construction Spending Nov 2 Oct Nonfarm Payrolls SINGAPORE DATA Oct
      92 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      317 9 Across 1 Turn down quantity of Chinese food (3,3) 5 Save? Sailor has a method (4,4) 9 Vagrant knocked unconscious? (4-3-3) 10 Male, hostile in factory (4) 11 Sense agreement amongst rowing crew (8) 12 Shrewd showing sculpted statue (6) 13 Pretty fine tune (4) 15 Diet, terrible at first
      317 words
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      18 9 SATURDAY with Ludwig When you told me about working on Windows 8, I expected it in my computer.
      18 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The ultimate market maker
      2220 10 / 11  -  One who has carved his reputation on his ability and dogged willingness to assemble functioning market systems out of disparate pieces, Richard Sandor believes that to understand something, you need to appreciate how the parts make up the sum. By Kenneth Lim By Kenneth Lim kenlim@sph.com.sg
      PHOTO: YEN MENG JIIN  -  2,220 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Hotel Windsor may change hands soon
      491 12 A consortium is said to be in advanced talks for a $1 63m deal for the freehold asset Singapore A DEAL could be in the offing for Ho Bee’s Hotel Windsor in the MacPherson area. Negotiations are said to be at an advanced stage,
      491 words
    • Article
      Lock icon Wilmar, Clariant establishing JV to produce amines
      339 12  -  By Carine Lee carinel@sph.com.sg SINGAPORE-listed agribusiness group Wilmar International Ltd yesterday unveiled plans to establish a 50:50 joint venture with Clariant Ltd, an international specialty chemicals company, to produce and sell amines and selected amines derivatives. “Wilmar and Clariant will leverage on their
      339 words
    • Article
      Lock icon Gold traders bullish as bullion holdings reach record high
      504 12 Bloomberg London GOLD traders are the most bullish in three weeks as investors’ bullion holdings rose to a record on mounting speculation that central banks will add more stimulus to bolster economic growth. Fourteen of 26 analysts surveyed by Bloomberg expect
      Bloomberg  -  504 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Banking on life insurance
      884 13  -  Life insurance and related benefits should be managed in the same kind of way as bank accounts and investments ensuring balances are appropriate and continually renewed FROM THE DESK OF Graham Morrall CEO, Zurich Life Singapore THE recent report by the Life Insurance Association (LIA) showing
      884 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Aldon’s voyage through thick and thin
      1186 14  -  By Chen Yee Wei, Krishnasruthi Srivalsan, Md Hasib Reza IMAGINE abandoning a safe harbour and sailing into the deep seas. Exploring new opportunities and discovering unexplored options, all for the sake of an adventure. Sounds exciting? Well, Allen Ang did something similar nearly 12
      FILE PHOTO  -  1,186 words
    • Article
      Lock icon Circle Line disruption due to faulty power cables: SMRT
      284 14 FAULTY power cables led to about 10,500 passengers affected by the MRT Circle Line (CCL) disruption on Thursday night. Speaking at a media conference yesterday morning, SMRT’s CEO Desmond Kuek said the problem is not new, reported Channel NewsAsia. A similar
      284 words
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  • WORLD
    • Article, Illustration
      Lock icon Tokyo spending 423b yen to save economy
      468 15 Stimulus package, twice the size originally expected, also aimed at rebuilding efforts in tsunami-struck districts AP Tokyo JAPAN’S Cabinet approved a 423 billion yen (S$6.4 billion) economic stimulus package yesterday, moving to fend off recession as the recovery in the world’s third biggest
      AP; PHOTO: REUTERS  -  468 words
    • Article
      Lock icon Spain’s unemployment rate now officially at 25% in Q3
      353 15 AP Madrid ONE Spaniard in four is now officially out of work as the economic crisis tightens its grip on the country. The National Statistics Institute said yesterday that 85,000 more people joined the ranks of the unemployed between July and
      AP  -  353 words
    • Article
      Lock icon Ex-Italian PM gets jail sentence for tax fraud
      217 15 Reuters Milan AN Italian court yesterday sentenced former prime minister Silvio Berlusconi to four years in jail for tax fraud in connection with the purchase of broadcasting rights by his Mediaset television company. But under a 2006 amnesty law aimed at reducing
      Reuters  -  217 words
    • Article, Illustration
      Lock icon China’s new leaders seen to boost spending
      690 16 Foreign firms expect state expenditure to increase after leadership change, which will lift demand Reuters Beijing EXCITEMENT around China’s once-a-decade leadership change is spreading beyond diplomatic circles into corporate boardrooms: many foreign firms believe that Beijing will ramp up state spending and lift
      Reuters; PHOTO: REUTERS  -  690 words
    • Article
      Lock icon Adelsons contribute further US$10m to Romney campaign
      267 16 Bloomberg Washington CASINO executive Sheldon Adelson and his wife Miriam each contributed US$5 million this month to the su-per-political action committee supporting Republican presidential nominee Mitt Romney, according to a US Federal Election Commission filing on Thursday. The Adelsons’ combined donation of US$10
      Bloomberg  -  267 words
    • Article, Illustration
      Lock icon When the chief executive gets ‘executed’
      1181 17  -  Companies in the United States are increasingly splitting the roles of the chairman and the CEO. analysis By Lauren Tara LaCapra, Ernest Scheyder, Nadia Damouni Reuters IN THE summer of 2011, Yahoo Inc’s board decided enough was enough. Directors had seen the Internet giant’s
      Reuters; PHOTOS: REUTERS  -  1,181 words
    • Article
      Lock icon Outflow of Chinese money hits US$600b
      695 18 Investors have evaded government controls; increasing amount may give rise to economic and political risks AP Beijing CHINESE investors evaded government controls to move than US$600 billion out of the country last year and the outflow is increasing, fuelling economic and political risks as
      AP  -  695 words
    • Article, Illustration
      Lock icon US companies lay off staff, shut factories in Europe
      475 18 AFP New York SOME of the biggest names in US industry are cutting back staff and shutting plants in Europe as the continent is buffeted by grinding recession and a never-ending financial crisis. Releasing quarterly earnings reports over the past two
      AFP; PHOTO: AFP  -  475 words
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      25 18 fc-S-SMlL How NOL turnaround n the industry M-faj ik m a How NOL turnaround in the industrydownturn? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      25 words
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 19 Oct 25 COCOA (£/tonne) Close Prev High/Low Dec 12 1556 1563 1574/1539 Mar 13 1554 1559 1568/1538 May 13 1561 1566 1570/1545 Jul 13 1569 1574 1578/1554 COFFEE(US$/tonne) Close Prev High/Low Nov 12 2029 2039 2041/2025 Jan 13 2058 2057 2066/2054 Mar 13 2074 2075 2084/2070 May 13 2087
      80 words
    • Article
      Lock icon METALS
      67 19 Oct 25 GOLD(US$/oz) Oct 25 Oct 26 Hong Kong 1724.30 1714.30 Oct 25 Oct 24 London 1714.18 1704.80 1715.18 1705.75 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 39.56 38.92 Source: UOB PLATINUM /Lon (US$/oz) Oct 25 Close Previous PM Fix 1572.00 1577.00 AM Fix 1582.00 1569.00 Source:
      67 words
    • Article
      Lock icon PALM OIL
      57 19 Oct 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 12 2464.0 2468.0 2500.0 2445.0 435 4521 Dec 12 2535.0 2539.0 2570.0 2505.0 3646 ***** Jan 13 2578.0 2578.0 2615.0 2543.0 ***** ***** Feb 13 2615.0 2614.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 19 Oct 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-Jan-13 0.23 6-Month BS*****N 18-Apr-13 0.27 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 102.14 5-Year N*****0Z 2.375 01-Apr-17 108.71
      83 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 19 Oct 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2668 1.2673 1.0382 1.0385 Canadian dollar 1.2289 1.2298 1.0078 1.0072 Euro 1.5871 1.5879 1.3007 1.3012 NZ dollar 1.0045 1.0050 0.8232 0.8236 Sterling pound 1.9612 1.9618 1.6073 1.6076
      154 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 19 As on 25 October 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT DEC2012 1717.70 1706.90 1713.20 INDIA GOLD (E-GOLD) FUT DEC2012 574.55 571.35 576.15 CURRENCY EUR-USD FUT DEC2012 1.3028 1.2950 1.2953 BASE METAL COPPER FUT DEC2012 7908 7812 7830 INDEX IRON ORE (MBIO) IDX
      94 words
    • Article
      Lock icon CHICAGO BOT
      102 19 Oct 25 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Nov 12 1564.00 1570.50 1574.50 1557.25 Jan 13 1566.00 1572.25 1576.00 1558.75 Mar 13 1537.00 1537.00 1539.00 1526.50 May 13 1483.75 1483.00 1485.50 1473.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Dec 12 51.45 51.84 52.23 51.28
      102 words
    • Article
      Lock icon OIL
      68 19 Oct 25 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.84 0.04 WTI (Near Mth) 86.08 0.4 Dubai (1-Mth F) 106.2 -0.03 Tapis blend 113.09 0.04 Minas 107.74 0.04 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.81 0.09 Jet Kerosene 126.65 0.32 US$/barrel OpecOil Basket Price 105.94
      68 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 19 Oct 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.294 1.233 Can dollar 1.257 1.198 Euro 1.621 1.544 Sterling pound 1.995 1.919 NZ dollar 1.036 0.978 US dollar 1.245 1.186 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon LONDON METALS
      69 19 Oct 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1911.25 1912.00 3 months 1938.00 1938.50 Copper, Grade A (US$/tonne) Cash 7814.00 7814.50 3 months 7815.00 7817.00 Lead (US$/tonne) Cash 2008.00 2004.75 3 months 2005.00 2007.50 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 19 In local curr In S$ In US$ dy yr dy yr dy yr Oct 25 Index Change Change Change Change Change Change World Preliminary 909.2 0.1 9.6 -0.1 3.4 0.1 9.9 EAFE Preliminary 733.1 0.2 7.5 0.1 1.6 0.3 8.0 Europe Preliminary 1106.2 0.0 7.8
      373 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      112 19 Straits Times Index YTD change:+15.54% 52-week high: 3,110.86 on Oct 5,2012 52-week low: 2,606.52 on Dec 20,2011 (Chart shows Thursday’s index closing) Source: Bloomberg Hang Seng Index YTD change:+16.88% 52-week high: 21,847.70 on Oct 26,2012 52-week low: 17,613.20 on Nov 25,2011 Source: Bloomberg Shanghai Stock Exchange Composite YTD
      Source: Bloomberg  -  112 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Surviving tough times
      1049 20 / 21  -  When the going gets tough, cost cutting may not be the best starting point. By Mark Dixon ~The writer is CEO of Regus, a provider of flexible workplaces During hard times, the cry always goes up to cut costs. It’s not the best place to start. Over
      STOCK.XCHNG  -  1,049 words
    • Article, Illustration
      Lock icon Eurozone doesn’t need a ‘Disziplin’ union
      899 20 / 21  -  REUTERS BREAKINGVIEWS By Hugo Dixon EUROPEAN leaders nudged forward plans for a fiscal union with discipline as its leitmotif at last week’s summit. But such a “Disziplin union” is neither desirable nor necessary. It may not even be politically feasible. The consensus among the
      899 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Investors’ choicest picks
        1218 22 / 23 American millionaires are ditching hedge funds and individual stock picking for exchange-traded index funds, a survey finds Bloomberg New York USm i l l i o n a i r e s would rather match the stock market through an exchangetraded index fund than try to beat
        Bloomberg; PHOTO: STOCK.XCHNG  -  1,218 words
      • Article
        Lock icon Swiss banks go local to woo super-rich
        721 22 / 23 Bloomberg Geneva SWISS private banks are looking for footholds in Latin America as the lower fees and higher interest rates offered by local wealth managers deter the region’s super-rich from travelling to Geneva and Zurich. Better investment opportunities are making private banking a
        Bloomberg  -  721 words
      • Article, Illustration
        Lock icon In search of ‘progressive’ dividend policies
        1059 24  -  Institutional investors find a company attractive when its dividends gradually increase as a proportion of profit Genevieve Cua gen@sph.com.sg Personal Finance Editor Dividends have emerged as a major investment theme since the financial crisis. But how committed are companies to paying and growing them,
        1,059 words
      • Article, Illustration
        Lock icon Favourites not always lucrative
        1304 25  -  SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder According to a recent Citi Research, earnings in Asia ex-Japan are some 10 per cent above their peak prior to the global financial crisis in 2007. Based on the bank’s
        Compiled by BT with data from Bloomberg  -  1,304 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        979 26 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN SEPT 26 AND OCT 2, 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 The Clift Apt 26/09/2012 99 506 1230 2431 V On Shenton Apt 27/09/2012 99 484
        979 words
      • Article
        Lock icon Blackstone to spend big on Asia property
        528 27 World’s largest private-equity firm is among top buyers of real estate in Australia and India Bloomberg Hong Kong BLACKSTONE Group LP, the world’s largest private-equity firm, plans to step up real estate investments in Asia after raising more than US$13 billion for a
        Bloomberg  -  528 words
      • Article, Illustration
        Lock icon Developers oppose landmark status for Wright house
        832 27 NYT Phoenix FOR sale: A four-bedroom, fourbathroom piece of history made of galvanised steel and concrete, rising above a landscape of cactus and citrus trees in one of this city’s most sought-after neighbourhoods. It is priced at US$2,379,000. It needs a little TLC.
        NYT; PHOTO: NYT  -  832 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      148 28 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS COLLECTION. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A WATCH OF RARE PRESENCE AND
      148 words
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  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      69 1 LivingBTTHE BUSINESS TIMES WEEKEND OCTOBER 27-28 2012 GADGETS Many new slices of Apple pie L6 MAKING AN IMPRESSION Old school printing methods make a comeback L2-4 CEOS' HAWKER CHOICES 2012 Enjoying the shelling L10-12 THE GENTLEMEN'S PRESS. PHOTO BY YEN MENG JIIN PERSONAL SPACE A man’s home is his tower
      69 words
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  • DESIGN
    • Article, Illustration
      Lock icon Making an impression
      3601 2 / 3  -  Old school printing methods are making a comeback at the hands of young artisans. By Tay Suan Chiang taysc@sph.com.sg The human connection Paper Tiger Press www.papertigerpress.com IN this digital age when getting a physical Christmas card is viewed as quaint, receiving a paper “thank you” note is
      products.PHOTOS: PAPER TIGER PRESS; PHOTOS: PERCHED ON A TREE; PHOTOS: YEN MENG JIIN  -  3,601 words
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  • STYLE
    • Article, Illustration
      Lock icon High style, low prices
      182 5 The Club 21 Bazaar Sale is back this weekend at the Pit Building with discounts of up to 85 per cent on brands like Lanvin, Jil Sander, Comme des Garcons and Dolce Gabbana. With the last Bazaar taking place over a year ago, you could expect
      PHOTOS: YEN MENG JIIN  -  182 words
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      21 5 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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      108 5 THE SOUND VISION SPECIALIST AV ONE 2012 COLLECTIONS I 1 *1 Zikmu designed by Philippe Starck Now: $2,688 Black,White, Red Available Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO VISUALISM' Sony, Infocus, Panasonic Full HD 3D Projector Made in Japan. From $2,699 $35,000 y I PMC, Lindemann Hifi/Cinema
      108 words
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  • GADGETS
    • Article, Illustration
      Lock icon Many new slices of Apple pie
      712 6  -  Fresh from covering Apple’s launch in San Jose, California, Christopher Lim helps you decide whether to save your pennies for the iPad mini or 4th-gen iPad; a new iMac or Mac Mini Christopher Lim limchris@sph.com.sg iPad mini (right) $448 (16GB) to $708 (64GB) for
      712 words
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  • DINING
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      Lock icon Souped up turf
      2202 7  -  A new landlord and new tenants have transformed the former Turf City complex into lifestyle hub The Grandstand. By Debbie Yong By Debbie Yong debyong@sph.com.sg IT MAKES so much sense, you wonder why nobody thought of it earlier. Despite the vast number of high-income and family-centric residents
      PHOTO: TODD BELTZ PHOTOGRAPHY  -  2,202 words
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      Lock icon Other new and upcoming eateries
      584 8 / 9  -  By Debbie Yong Kurokin #01-27Z*****213 Meaning “black and gold” in Japanese, modern-Japanese restaurant Kurokin aims to fuse traditional Japanese cooking with modern ingredients and techniques. It is the first local venture of two Singa-pore-based businessmen who also run a Western cafe in Dubai. The kitchen
      584 words
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      913 8 / 9 wine&dine with BTWeekend Silver Jubilee Treats Level 1, 4, 5 Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1118 Atrium Lounge Specials Valid till 31 December 2012 Marina Mandarin Singapore commemorates 25 years of providing Asian Hospitality this year, and to celebrate this joyous occasion, we have lined up a series
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  • CEOS' HAWKER CHOICES 2012
    • Article, Illustration
      Lock icon Enjoying the shelling
      2828 10 / 11  -  Chilli and pepper crabs have both put Singapore on the world gourmet map but those are not the only styles that the locals love. Many stalls have come up with their own recipes and each has its own loyal following. We get our fingers dirty as we
      PHOTO: YEN MENG JIIN; PHOTOS: YEN MENG JIIN  -  2,828 words
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      Lock icon Enjoying simple, no-frills cooking
      557 12  -  By Geoffrey Eu IT’S a long way from Guyana to Sin Ming Industrial Estate but it’s a journey that Karen Flynn happens to be familiar with. She landed here in 1988 with her husband and a few suitcases and (apart from a short stint in Canada)
      PHOTO: YEN MENG JIIN  -  557 words
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      68 10 / 11 THE RIGHT BID AND THE RIGHT TIME Knight Frank Knight Frank’s Auction Team provides full auction services from real estate residential and commercial properties, public chattels and owner’s auction chattels for government agencies and pawnshops. Call Knight Frank Auction Team at 6222 1333 or visit www.knightfrank.com.sg for the full suite
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  • HEALTH
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      Lock icon The paradox of obesity
      1115 13  -  Many studies show that overweight patients with heart disease have better outcomes. 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, scientific advisory board,
      PHOTO: BLOOMBERG  -  1,115 words
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  • HOME & GARDEN
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      Lock icon A man’s home is his tower
      1250 14 / 15  -  Ben Chia’s two-and-a-half storey house stands out in his neighbourhood, which comprises mostly single storey houses built in the 1950s. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg Businessman Ben Chia has a home that stands out litera ll y H
      PHOTOS: YEN MENG JIIN  -  1,250 words
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  • SPORTS
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      Lock icon Red Devils, Blues set for goal feast
      865 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent EXHILARATING in attack, exasperating in defence. That description fits both Chelsea and Manchester United to a tee this season, given their penchant for conceding sloppy goals but compensated somewhat with their ability to dazzle up front
      PHOTOS: AFP  -  865 words
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      36 16 HOME NEE S Drowning in a sea of dirty laundry? Get someone to help you. To find out more, turn to CLASS 121 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT
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  • GOLF
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      Lock icon Applying agronomics to golfing
      1195 17  -  Preparing for the tournament involves a fertility plan and trimming the height of the grass. By Justine Moss btnews@sph.com.sg WHEN the players tee off at the 2012 Barclays Singapore Open in a couple of weeks time, they will notice a few changes over the 18 holes
      1,195 words
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  • MOTORING
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      Lock icon The future of mobility
      738 18  -  Audi’s newly developed hybrid system could be less expensive to manufacture due to its relatively simple single-speed transmission and layout. By Joe Yeo By Joe Yeo btnews@sph.com.sg NOT all car companies have diversifying strategies to counter the potential problems of mobility in the future but one
      738 words
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      Lock icon ABOVE PAR
      649 19  -  Exterior lines of this Golf have sharpened up with more aggressively-styled headlamps, body panels. By KL Tay btnews@sph.com.sg ORIGINALLY launched in 1974, the Volkswagen Golf was conceived to replace the Volkswagen Beetle as an affordable means of personal transportation for the masses. Although the Beetle remains close to
      649 words
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      Lock icon SIZE MATTERS
      592 20  -  Though a smaller model, Almera has about 30 mm more legroom than Mercedes-Benz E-Class. By Joe Yeo btnews@sph.com.sg WITH car prices at nearly an all-time high, some car buyers ultimately can’t stretch their budgets for a larger or bet-ter-equipped model. For example, for what was once the price
      592 words
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