The Business Times, 1 May 2010
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2010-05-01
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The Business Times
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Title Section12 2010-05-01 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MAY 1 -2, 2010 S$1.00 MICA(P) 124/08/200912 words
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Article, Illustration830 2010-05-01 1 Nisha Ramchandani - 30 S’pore companies to take part in mega event that could top ‘biggest show on earth’ By Nisha Ramchandani nishar@sph.com.sg Singapore AS SHANGHAI all but shut down the main Pudong financial hub yesterday for a show to kick-start the Shanghai World Expo, some 30 Singa-pore-based companies830 words
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Page 1 Advertisements
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Advertisement257 2010-05-01 1 the business www.businesstimes.com.sg the raffles conversation ECONOMIST AND AUTHOR ROGER BOOTLE 8-9 SHOW ME THE MONEY Key to business success is fairness 33 DINING Ferran Adria, light of the avant garde brigade L6-7 may day message Maintain our lead, urges PM PRIME Minister Lee Hsien Loong’s May Day Message is257 words
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TOP STORIES
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Article137 2010-05-01 2 STI 2,974.61 (+15.60) STI FUTURES 2,958.00 (-1.00) SIMSCI 352.94 (+1.61) SIMSCI FUTURES 350.60 (-0.70) STOCKS Friday Change KL COMP 1,346.38 +10.52 NIKKEI 225 11,057.40 +132.61 HANG SENG 21,108.59 +329.67 SET 763.51 +10.31 JAKARTA 2,971.25 +44.39 MANILA 3,290.09 -6.91 KOSPI 1,741.56 +13.14 SHENZHEN B 602.24 -0.99 MUMBAI IND 17,558.71 +55.24137 words
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653 2010-05-01 2 Chuang Peck Ming - Use boost from strong economic recovery in Q1 to stay ahead of Asian competitors who are catching up fast By Chuang Peck Ming peckming@sph.com.sg Singapore PRIME Minister Lee Hsien Loong’s May Day Message this year was aimed not only at workers, but also653 words
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434 2010-05-01 2 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg Singapore THE labour market is tightening, with updated figures released yesterday by the Ministry of Manpower (MOM) showing the unemployment rate dipped from a revised 2.3 per cent last December to a seasonally adjusted 2.2 per cent in434 words
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Article, Illustration458 2010-05-01 3 Michelle Quah - Teledata’s chairman CEO ousted Christopher Pan voted off by a majority representing 71.61% of shares owned by those present and voting at AGM By Michelle Quah michquah@sph.com.sg Singapore INAshockingdevelopment,Teledata’s recently appointed chairman and CEO, Christopher Pan, has been voted off the company’s board at its annual general meeting (AGM) yesterday.FILE PHOTO - 458 words
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532 2010-05-01 3 AP Washington RACHETING pressure on Goldman Sachs two days after its executives were grilled and rebuked in the public glare, the US Justice Department has opened a criminal investigation of the Wall Street powerhouse over mortgage securities deals it arranged. TheAP - 532 words
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Article, Illustration829 2010-05-01 4 S Jayasankaran - Abdullah Badawi caused country to lose at least US$100b of oil, he says By S Jayasankaran btworld@sph.com.sg Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad has dropped a bombshell claiming that the country had lost territorial waters sitting on one billionREUTERS - 829 words
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Article, Illustration687 2010-05-01 5 Samuel Ee - But demand for mid-range sports cars appears stagnant Reports by Samuel Ee samuelee@sph.com.sg Singapore THE appetite for super-luxury cars has boomed in the past couple of months, fuelled by the launch of new and flashier models. “The level of interest is tremendous,” said aFILE PHOTO - 687 words
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294 2010-05-01 5 ROLLS-ROYCE Motor Cars is wafting swiftly ahead with sales in the first quarter of 2010 surging 60 per cent worldwide compared with the same period last year. The ultra-luxury marque did not give any other figures but for the whole of 2009, it294 words
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468 2010-05-01 5 AFP Reuters Brussels THE six-month saga of whether EU partners will grant Greece a bailout will reach a conclusion this weekend, a raft of European sources said yesterday. The sprint to the finish comes as tension mounts in AthensAFP; Reuters - 468 words
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638 2010-05-01 6 Joyce Hooi - Of 30 STI stocks, SMRT Corp puts on most weight in terms of market capitalisation, rising 11.8% to $3.5b By Joyce Hooi joyceh@sph.com.sg Singapore IN a month filled with trepidation over Greece’s debt and the grilling of Goldman Sachs638 words
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780 2010-05-01 6 Teh Hooi Ling - By Teh Hooi Ling hooiling@sph.com.sg Singapore DON’T believe everything that’s been reported on the sovereign debt crisis in Greece, or any other macro issues. “There is a lot of market manipulation that happens in the derivatives and debt markets780 words
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Page 2 Advertisements
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Advertisement124 2010-05-01 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-13 From The Desk Of 14 Singapore 15-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Show Me The Money 32 Househunt 34 Real Estate 35 LIVING Fashion L2-5 Dining L6-10 Gadgets L11 Home& Garden L12-13124 words
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Page 3 Advertisements
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Advertisement8 2010-05-01 3 ??Betting on the Goldman ‘betting men’, Page 218 words
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Advertisement48 2010-05-01 3 SINGAPORE —SWEEP— 1 ST PRIZE $2 SUPER SWEEP SNOWBALLED TO ,200,000 $500,000 $250,000 $800,000 2 nd PRIZE 3 rd PRIZE *3 Singapore 05/2010 B*****40 *—$3* 5 MAY 2010 (WEDNESDAY) P Always play with care. responsibly] Do not bet illegally. Towards Community Purpose and Benefit RCB Reg No: *****0202G48 words
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Page 5 Advertisements
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK April 26-30, 2010
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66 2010-05-01 7 WITH a final government decision expected soon, employers have yielded to the call for a partial restoration of the employer’s CPF contribution rate. But in giving in to the call from the NTUC, the Singapore National Employers Federation has continued to maintain that66 words
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62 2010-05-01 7 A NEW amendment bill introduced in Parliament will make it harder for property owners to keep retrying for a collective sale. A key revision that has been tabled will make it harder for motivated owners to re-start an en bloc62 words
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33 2010-05-01 7 A STRONGER Singapore dollar will not hurt Singapore’s exports and turn away tourists, said Lim Hng Kiang, deputy chairman of the Monetary Authority of Singapore.33 words
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41 2010-05-01 7 THE board of New York-listed water company Cascal has forcefully rejected an offer from Sembcorp, setting the scene for a struggle for boardcontrol. Callingthe offer “inadequate and coercive”, Cascal’s board advised shareholders to “take no action”.41 words
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56 2010-05-01 7 SINGAPORE’S key interest rate has crashed to all-time lows and banks have been quick to capitalise on it. The key three-month Sibor or Singapore interbank offered rate plunged to 0.546 per cent on Tuesday, crashing through the previous historical low of56 words
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55 2010-05-01 7 Las Vegas Sands chairman and CEO Sheldon Adelson has set Marina Bay Sands the goal of seeing a return on its US$5.5 billion investment in five years. Speaking at the phased opening of MBS, he also said the IR will become the “standard55 words
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36 2010-05-01 7 SINGAPORE’S economy has more than regained ground lost in the downturn, with gross domestic product now close to 3 per cent above its last peak in Q1 2008.36 words
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41 2010-05-01 7 WHILE the market mulls over the impact that rule changes will have on collective sales, the spotlight has fallen on developers sitting on prime sites acquired during the previous en bloc boom in 2006-2007.41 words
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40 2010-05-01 7 PRICES of non-landed private homes outside Singapore’s prime districts are now growing at a faster rate than prices in the prime districts, according to a new index compiled by the National University of Singapore.40 words
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Article, Illustration29 2010-05-01 7 THE euro lifted off a one-year low against the US dollar after EU officials said on Thursday a financial lifeline for Greece was being put together BLOOMBERGBLOOMBERG - 29 words
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39 2010-05-01 7 SINGAPORE is starting to assemble a team of experts to study the option of using nuclear energy here eventually. “It’s still early days,” said one source, although preparations are already underway39 words
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69 2010-05-01 7 EUROPEAN and German officials assured markets they were working quickly on approving a bailout for Greece. European Union monetary affairs commissioner Olli Rehn said on Thursday the financial lifeline was being put together to avoid a wider crisis and69 words
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52 2010-05-01 7 In a sign the strong recovery in air travel is continuing, Changi Airport has reported a big increase in first-quarter passenger numbers. About 9.94 million people moved through the gates of Asia’s sixth-biggest airport during the quarter 16.5 per cent more than a52 words
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THIS WEEK May 3-7,2010
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Article37 2010-05-01 7 May 3 March personal income March construction spending April ISM index May 4 March factory orders May 5 April ISM services May 6 Initial claims Q1 Productivity May 7 April unemployment rate April non-farm payrolls37 words
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Article34 2010-05-01 7 May 2 A review of Australia’s taxation system to be released May 4 US Treasury Secretary Tim Geithner testifies before the Senate finance committee May 7 Bank of England Monetary Policy Committee meeting34 words
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Page 7 Miscellaneous
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Miscellaneous349 2010-05-01 7 CRYPTIC CROSSWORD Across 1 Is in control of distant armies abroad (13) 10 A second coffee maybe (7) 11 Attic studio ideal for this artist? (2,5) 12 Boss sounds a toff (4) 13 University can reject English couple (5) 14 One who refused to accept tyranny and work in a349 words
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Miscellaneous18 2010-05-01 7 SATURDAY with Ludwig ‘As a boy, I wanted to be “Iron Man”– but not exactly in this way...’18 words
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THE RAFFLES CONVERSATION
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Article, Illustration2626 2010-05-01 8/9 Anna Teo - Economist Roger Bootle dishes on the fundamental flaws in economic and market theory. By Anna Teo By Anna Teo anna@sph.com.sg WHEN his book The Death of Inflation first hit the streets in 1996, Roger Bootle strode proudly into his local bookstore, expecting to see it prominentlyYEN MENG JIIN - 2,626 words
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Page 8/9 Advertisements
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Advertisement70 2010-05-01 8/9 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive “like a gentle breeze”.70 words
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COMPANIES
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Article334 2010-05-01 10 Siow Li Sen - Wee Cho Yaw says bank may consider candidates from the region bank agms| By Siow Li Sen lisen@sph.com.sg Singapore WEE Cho Yaw, United Overseas Bank’s (UOB) chairman, said the bank is looking for younger directors and may consider candidates from the region. “Theyare over 70, I’m334 words
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377 2010-05-01 10 Conrad Tan - By Conrad Tan conradt@sph.com.sg Singapore DBS Group is confident of earning a return on equity of 10 per cent or more in the near future, as interest rates rise and economic conditions improve further, chief executive Piyush Gupta told shareholders at its annual377 words
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500 2010-05-01 10 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg Singapore FUXING China is expecting stronger earnings this year as it rides the wave of a rebound in demand for zippers and hopes to pay out at least 40 per cent of its full-year net profit to shareholders500 words
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341 2010-05-01 10 Chew Xiang - By Chew Xiang xchew@sph.com.sg Singapore INDOFOOD Agri Resources (IndoAgri) yesterday reported a net profit of 310 billion rupiah (S$47 million) for the first quarter, up 29 per cent year-on-year. Chief executive officer Mark Wakeford attributed the results to “higher average selling prices341 words
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631 2010-05-01 11 Samuel Ee - But increasing train ridership helps Q4 revenue climb 3.7% to $225.1m By Samuel Ee samuelee@sph.com.sg Singapore SMRT Corp’s net profit for the fourth quarter ended March 31, 2010, slipped 41.4 per cent to $22.7 million on higher staff expenses and631 words
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593 2010-05-01 11 Vincent Wee - By Vincent Wee vincewee@sph.com.sg Singapore OILFIELD equipment engineering solutions provider MTQ Corp turned in a 10 per cent rise in net earnings to $12.0 million for the full year ended March 31 although revenue fell 9 per cent to $82.0 million as593 words
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267 2010-05-01 11 Vincent Wee - By Vincent Wee vincewee@sph.com.sg Singapore INDIAN-focused dry bulk shipping company Mercator Lines (Singapore) is continuing its strategy of balancing long-term contracts with spot rates through its latest two charters. The first contract, from April, is a structured deal with an existing major customer in the267 words
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Article, Illustration382 2010-05-01 12 Nisha Ramchandani - Group revenue also rises 15.8% y-o-y to $133.84m By Nisha Ramchandani nishar@sph.com.sg Singapore SINGAPORE Post (SingPost) chalked up a 15.8 per cent year-on-year increase in net profit to $40.91 million for the fourth quarter ended March 31, 2010. Excluding one-off items, suchFILE PHOTO - 382 words
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394 2010-05-01 12 Ven Sreenivasan - By Ven Sreenivasan ven@sph.com.sg Singapore THANKS to strong sale and progressive revenue and profit recognition of its property project in Shanghai, Tuan Sing Holdings posted a first-quarter net profit of $20.9 million, up from $724,000 a year earlier. Revenue394 words
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Article, Illustration437 2010-05-01 12 Emilyn Yap - By Emilyn Yap emilyny@sph.com.sg Singapore CDL Hospitality Trusts (CDLHT) posted improved results for the first quarter ended March 31 on the back of higher room rates, occupancies and contributions from recently acquired hotels. “We remain optimistic about the continued growth for hospitality437 words
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Article, Illustration881 2010-05-01 13 Ven Srineevasan - stocks| Ven Srineevasan ven@sph.com.sg Senior correspondent ASIAN markets rebounded as US stocks chalked up their best performance in nearly two months on Thursday, boosted by strong earnings numbers from leading corporates and reports that Greece could be close to a bailout deal. The881 words
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259 2010-05-01 13 Reuters Singapore MARINE fuel supplier Chemoil Energy Ltd said yesterday its earnings had been hit by the languishing fuel oil market and warned that it would incur a net loss for the March quarter. “The business operations of the GroupReuters - 259 words
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Business briefing
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144 2010-05-01 13 E3 HOLDINGS said yesterday that it had on April 22 lodged a police report against Kenneth Ngo Chin Chow, Orientus (Asia) Holdings Limited (OAH) and Orientus Jilin Development Co Ltd (OJ). Mr Ngo is a former director of E3’s subsidiary Englo144 words
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46 2010-05-01 13 Reuters PRIVATE equity firm AIF Capital will buy a 10 per cent stake in a ChineseuniversityownedbySin-gapore-listed Raffles Education. The Hong Kong-based AIF will pay 350 million yuan (S$70.2 million) for the stake in Oriental University City. ReutersReuters - 46 words
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72 2010-05-01 13 ASCOTT Residence Trust achieved revenue of $43.5 million and gross profit of $20.1 million for the first quarter end- ed March 31, which are respectively 3 per cent and one per cent higher than the same period last year. Unitholders’ distribution was $10.372 words
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62 2010-05-01 13 Reuters NOBLE Group said it has no interest in having any talks with Macarthur Coal over potential merger transactions related to any of its coal assets. day’sstatementcameafterAustralian takeover target Macarthur Coal extended its offer for Noble-controlled Gloucester to May 13, leaving theReuters - 62 words
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Page 11 Advertisements
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FROM THE DESK OF
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Article, Illustration1086 2010-05-01 14 from the desk of The delicate matter of succession planning is best taken on at an early stage with the aid of independent advisers, to preserve intellectual and financial assets for generations THE family business structure is the oldest business structure in the world. About 35 per1,086 words
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SINGAPORE
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Article, Illustration625 2010-05-01 15 Felda Chay - Growth in output, hiring and operating receipts expected for the period to end-September: govt surveys By Felda Chay feldac@sph.com.sg COMPANIES in manufacturing and services are more optimistic about business prospects in the coming months as the Singapore economy powers ahead, leaving the slump behind.BLOOMBERG FILE PHOTO - 625 words
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529 2010-05-01 15 Conrad Tan - By Conrad Tan conradt@sph.com.sg BANK lending rose in March for the fifth straight month, as the economic outlook and business sentiment continued to improve, encouraging businesses and consumers to borrow and banks to lend. Total Singapore-dollar bank lending here rose 0.5 per cent, or529 words
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Article, Illustration566 2010-05-01 16 Uma Shankari - Most call S’pore a great place to live, work play Two URA surveys find greater satisfaction among residents than in 2006, although many are dismayed by city’s rapidly ever-changing face By Uma Shankari shankari@sph.com.sg CLOSE to 85 per cent of residents here reckon Singapore is a great place to live,FILE PHOTO - 566 words
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374 2010-05-01 16 AFP Kuala Lumpur ASIA-PACIFIC airlines are expected to spearhead the recovery in the aviation industry in 2010 due to improved economic conditions in the region, the head of an industry group said yesterday. “Economic conditions showed welcome signs of improvement in the latterAFP - 374 words
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151 2010-05-01 16 Bloomberg Hong Kong THREADNEEDLE Asset Management Ltd plans to hire 10 to 13 people in Hong Kong and Singapore this year to expand client coverage, doubling its Asia sales staff, said William Lowndes, head of Asian distribution. “We’relookingtobuildourinstitutional capabilities in the region,Bloomberg - 151 words
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Article, Illustration1107 2010-05-01 18 Timothy Seow - The business is still profitable though there are many challenges, they say By Timothy Seow timseow@sph.com.sg WITH Internet downloads, digital cable, rental kiosks and online mail-order DVDs, the writing seems to be on the wall for the local video shop. Even American giantARTHUR LEE - 1,107 words
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191 2010-05-01 18 Timothy Seow - By Timothy Seow timseow@sph.com.sg IF you live in Bukit Timah, Serangoon Gardens or Sengkang, and are wondering why your nearby Video Ezy store changed its name to Video King, the answer is that a franchise buyout took place. Video King owner David Yip had191 words
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Page 15 Advertisements
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Advertisement162 2010-05-01 15 MATS NOTICES WINJAYA INVESTMENTS PTE. LTD. (IN MEMBERS' VOLUNTARY WINDING UP) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap 50 that the Final Meeting of the members of the abovenamed company will be held at 1 North Bridge Road, #19-04/05 High Street Centre,162 words
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Page 16 Advertisements
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Page 17 Advertisements
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Advertisement203 2010-05-01 17 c c w c c c C cH C C c C c c f BEERFEST ASIA 2010 with OCBC TITANIUM w The largest beer festival in Singapore Cup Screening Tent i 11 r< I IIMIHH[H 2^ /C i C7 a j it Tribute to Rock! Live music nightly with203 words
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WORLD
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452 2010-05-01 19 Spending by govt, business lead to 3rd straight quarterly gain AP Washington THE US economy grew at a solid 3.2 per cent pace during the first quarter of this year as consumers boosted their spending by the most in three years.AP - 452 words
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306 2010-05-01 19 AP Bangkok A MAJOR Thai hospital evacuated patients and suspended all but emergency surgery yesterday after anti-government protesters stormed in to hunt for security forces they suspected were taking positions there overlooking their barricaded enclave. A group of the so-called Red ShirtsAP - 306 words
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148 2010-05-01 19 Reuters Tokyo WATCH maker Seiko Holdings Corp has dismissed its president for a “dogmatic” management approach, in a highly unusual dismissalofatop executivebyaJapanese board. Seiko said Koichi Murano, 72, was dismissed from his post yesterday. He was replaced by Shinji Hattori, a 57-year oldReuters - 148 words
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Article, Illustration335 2010-05-01 19 AFP London EMBATTLED British Prime Minister Gordon Brown failed to reignite his re-election hopes in a crunch TV debate, which boosted his rival David Cameron’s hopes of winning power next week, polls said yesterday. Less than a week away from next Thursday’sAFP; REUTERS - 335 words
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478 2010-05-01 20 Banks will also refuse loans to people who haven’t paid taxes and made social security contributions for at least a year AFP Beijing THE Chinese capital Beijing has issued rules limiting families to one new apartment purchase as authorities try to rein inAFP - 478 words
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Article, Illustration614 2010-05-01 20 Bloomberg Tokyo THE Bank of Japan (BOJ) has pledged to help banks provide credit after reports showed the economic recovery isn’t yet strong enough to overcome deflation. Governor Masaaki Shirakawa said the bank will explore steps similar to those undertaken in 1998-1999, when itBloomberg; BLOOMBERG - 614 words
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484 2010-05-01 21 Wagers on CEO Blankfein’s resignation fluctuate from 20-55 per cent on online site NYT New York GOLDMAN Sachs, if you listen to the US Congress, is little more than a casino where gamblers masquerade as traders and bet on the fortunes of the restNYT - 484 words
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Article, Illustration441 2010-05-01 21 Reuters Mumbai AS India gears up to build the largest biometric database in the world with the aim of providing most of its 1.2 billion citizens a Unique Identification (UID) perhaps the biggest challenge is smudged fingerprints. Securing “clean” fingerprints is part of theReuters; REUTERS - 441 words
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Briefing
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89 2010-05-01 21 Reuters Beijing Chinese banks are facing more uncertainties as risks mount in the country’s property sector and in the financing of local governments, the top banking regulator said in comments published yesterday. Liu Mingkang, chairman of the China Banking Regulatory Commission, also saidReuters - 89 words
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99 2010-05-01 21 AP New York BP shares tumbled more than 8 per cent on Thursday, and the company has lost roughly US$25 billion in market value since an offshore rig it hired in the Gulf of Mexico exploded last week and started spewingAP - 99 words
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101 2010-05-01 21 Bloomberg Taipei Taiwan’s central bank has asked 65 banks for details of their foreign-curren- cy lending to make sure exporters and importers are not using the loans to speculate on the local currency. Under the rules, companies must have real demandBloomberg - 101 words
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206 2010-05-01 22 Reuters Singapore STANDARD Chartered yesterday announced a reshuffle of senior executives that will see Peter Flavel, the high-profile head of its private bank, become global head for personal banking. Stanchart’s private bank has grown strongly since it was relaunched three years ago under MrReuters - 206 words
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Article, Illustration515 2010-05-01 22 Skincare company sold 364m shares at HK$15.08 each: source Reuters Hong Kong SKINCARE products retailer L’Occitane, the first French company to go public in Hong Kong, has raised US$708 million after pricing its Hong Kong initial public share offering at the top ofReuters; AFP - 515 words
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252 2010-05-01 22 Reuters London BARCLAYS met quarterly profit expectations after bad debts fell sharply and investment bank earnings rose. But income growth at its BarCap investment banking arm failed to match the lofty levels shown by rivals. Barclays, the second biggest bank in Britain, saidReuters - 252 words
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Page 20 Advertisements
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Advertisement16 2010-05-01 20 http://www.omy.sg ,\V p I http://lifestyle.omy.sg/ "gifoT http://eat.omy.sg/ ri i ;t< r —d '> jjy r 7 ?3!16 words
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Page 22 Advertisements
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Advertisement5 2010-05-01 22 V i fjftiS® SBISI www.radio913.com5 words
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SGX
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Article9101 2010-05-01 23 Transaction date: Apr 30 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 5 3148 8Telecom 18cd +0.5 302 18 17.5 17 18 1.7 10.1 5.8 86.2 10 5 5834 A-Sonic 7.5 +0.59,101 words
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Article1795 2010-05-01 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 7 6 8 38.9 6.7 25 12 8538 t APStrategic 20.5 -1 144 20.5 20 20 20.51,795 words
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Article186 2010-05-01 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 2 6 0 0 0 9 2 6 Manufacturing 80 47 72 2 5 11 82 52 83 Commerce 28 16 25 3 3 5 31 19 30 Tpt/Stor/Comms 21 9 11186 words
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Article119 2010-05-01 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,050 28,050 140,766 140,766 Manufacturing 539,491 20,048 559,539 415,457 2,506 417,963 Commerce 107,526 8,555 116,081 137,752 1,993 139,745 Tpt/Stor/Comms 127,082 21,752 148,834 283,712 2,003 285,715 Finance 43,985 85 44,070 400,418 9 400,426 Construction 40,030 6,846119 words
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Article839 2010-05-01 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 26 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Lorenzo 29-Apr-10 Chung Kim Yew Buy 400 0.13 ***** 15.35 ***** 15.59 TTJ Hldgs 29-Apr-10 Chwee Cheng839 words
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Article, Illustration91 2010-05-01 27 YTD change: +2.66% 52-week high: 3,037.97 on April 15,2010 52-week low: 1,880.63 on April 30,2009 Source: Bloomberg YTD change: -3.49% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 15,204.10 on April 30,2009 Source: Bloomberg YTD change: +7.09% 52-week high: 11,258.00 on April 26,2010 52-week low: 8,087.19 on JulySource: Bloomberg - 91 words
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365 2010-05-01 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 29 Index Change Change Change Change Change Change World Index Preliminary 875.8 1.0 5.2 0.8 0.8 1.2 3.4 ‡EAFE Preliminary 801.5 0.7 2.1 0.6 -4.5 1.0 -2.0 Europe Preliminary 1139.1 1.2365 words
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Article154 2010-05-01 27 Apr 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2722 1.2737 0.9310 0.9316 Canadian dollar 1.3621 1.3635 0.9968 0.9973 Euro 1.8162 1.8176 1.3291 1.3294 NZ dollar 0.9937 0.9946 0.7272 0.7275 Sterling pound 2.1003 2.1022 1.5370 1.5376154 words
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Article77 2010-05-01 27 Apr 29 COCOA (£/tonne) Close Prev High/Low May 10 2364 2348 2367/2345 Jul 10 2396 2383 2400/2381 Sep 10 2354 2346 2358/2344 Dec 10 2304 2294 2307/2295 COFFEE (US$/tonne) Close Pev High/Low May 10 1282 1266 1291/1264 Jul 10 1322 1308 1330/1306 Sep 10 1356 1343 1365/1345 SUGAR (US77 words
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Article103 2010-05-01 27 Apr 29 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 10 985.75 982.75 995.25 982.75 Jul 10 996.00 993.*****6.25 993.00 Aug 10 994.00 991.*****3.25 992.00 Sep 10 979.50 976.00 988.00 975.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 10 38.80 38.54 39.16 38.56 Jul103 words
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Article64 2010-05-01 27 Apr 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 10 2563 2577 2579 2560 275 2758 Jun 10 2556 2541 2567 2541 1386 ***** Jul 10 2540 2558 2558 2537 5627 ***** Aug 10 2533 254964 words
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Article75 2010-05-01 27 Apr 29 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 87.78 2.43 WTI (Near Mth) 85.24 2.04 Dubai (1-Mth F) 85.29 1.73 Tapis blend 91.95 1.65 Minas 91.10 1.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.94 0.88 Jet Kerosene 95.55 0.65 US$/barrel Opec Oil Basket Price75 words
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Article66 2010-05-01 27 Apr 30 GOLD (US$/oz) Apr 30 Apr 29 Hong Kong 1173.*****0.40 Apr 29 Apr 28 London 1164.*****7.35 1165.*****8.15 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.44 25.22 Source: UOB PLATINUM Lon (US$/oz) Apr 29 Close Previous PM Fix 1711.*****4.00 AM Fix 1721.*****5.00 Source: Thomson Reuters PLATINUM NYMEX66 words
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Article71 2010-05-01 27 Apr 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2168.50 2156.75 3 months 2200.00 2190.00 Copper, Grade A (US$/tonne) Cash 7319.25 7365.00 3 months 7355.00 7400.00 Lead (US$/tonne) Cash 2204.00 2209.50 3 months 2230.00 2237.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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PERSPECTIVE
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Article, Illustration887 2010-05-01 28 / 29 Yeo Wee Yong - Going after Goldman does not improve the overall picture of accountability and responsibility on Wall St. By Yeo Wee Yong By Yeo Wee Yong The writer is the Assistant Dean of the BBA programme and a senior lecturer in Finance in the NUS Business School.AFP - 887 words
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Article, Illustration736 2010-05-01 28 / 29 Dennis Posadas - This will be an area of growth for the region’s publishers, whether they be in newspapers, books, or magazines. By Dennis Posadas By Dennis Posadas The writer is the author of ‘Jump Start: A Technopreneurship Fable’ (Singapore: Pearson Prentice Hall, 2009) and recently completed aAP - 736 words
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Wealth
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Article, Illustration1468 2010-05-01 30 / 31 Kristen Haunss - frenzyNew mutual funds are being launched to invest in loan funds as Libor rises By Kristen Haunss Bloomberg BLACKROCK Inc, the world’s largest asset manager, and Blackstone Group’s GSO Capital Partners are forming mutual funds to invest in loans as the London interbank offered rate rises toBloomberg; REUTERS - 1,468 words
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WEALTH INVESTING
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BROKERS' TAKE
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Article305 2010-05-01 30 / 31 Sell DMG Research April 30 Close: $2.28 SMRT registered Q4 FY2010 net profit of $22.7 million, down 41.4 per cent y-o-y, representing only 12.4 per cent of our FY2010 estimates. For FY2010, net income growth was flat at $163 million. Earnings came in sharply below ours and streets’305 words
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Article375 2010-05-01 30 / 31 Joyce Hooi - Compiled by Joyce Hooi Buy DBS Group Research April 30 Close: $1.68 HO Bee’s Q1 2010 profit after tax and minority interests (Patmi) of $41.7 million was on the back of a 16 per cent decline in topline to $92.4 million. Howev- er, Patmi was boosted375 words
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Article, Illustration711 2010-05-01 32 But there’s a general pull-back from equities in favour of bonds in April as risk aversion increases Reuters London THE Greek debt crisis has prompted global investors to cut back on their holdings of euro zone government bonds, although no such flight hasReuters; AFP - 711 words
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794 2010-05-01 32 Reuters London THE success of recent bond sales by firms from near-bankrupt Ukraine heralds the return of former credit pariahs to global markets as concerns about debt management shift away from emerging to mature economies such as Greece. In their search forReuters - 794 words
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Article, Illustration1327 2010-05-01 33 Teh Hooi Ling - The goal of corporate governance is not to serve the shareholders, but to serve the public so that the public feels business is fair and that it works for the public: Prof Van de Heyden show me the money Teh Hooi Ling hooiling@sph.com.sg SeniorYEN MENG JIIN - 1,327 words
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WEALTH REAL ESTATE
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267 2010-05-01 34 UK house prices rise by 1% for 2nd straight month in April Reuters London HOUSE prices in Britain rose by one per cent for the second straight month in April, taking the annual rate of increase into double digits for the first time in nearly three years, a survey showedReuters - 267 words
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899 2010-05-01 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 12 NON-LANDED D'lotus Apt 01/04/2010 FH 807 820 1016 Domus Apt 01/04/2010 FH 474 630 1329899 words
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Article, Illustration543 2010-05-01 35 Pauline Ng - Malaysian company to develop 41 hectares of land as part of the Sino-Singapore Tianjin Eco-City project By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S Sunway City has signed up to participate in the ambitious 30 sq km Si-no-Singapore Tianjin Eco-City (SSTEC) project. Over aKEPPEL CORP - 543 words
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585 2010-05-01 35 Reuters Hong Kong CHINA’Sdevelopershavebeenaggressively issuing US dollar bonds this year, with the pace likely to quicken as they take advantage of low funding costs overseas and in anticipation of tighter monetary policy at home. However, an oversupply in the bonds market and mountingReuters - 585 words
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Advertisement33 2010-05-01 36 M iUDEMARS PlGUET Le maitre de I'horlogcrie depuis 1875 V I i Q HHra' m IT Kti h 1 H ■t v.:-, ROYAL OAK DUAL TIME For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com33 words
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Page 1 Advertisements
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Advertisement51 2010-05-01 1 LivingTHEBUSINESSTIMESWEEKEND|MAY1-*****BTTHE BUSINESS TIMES WEEKEND MAY 1-2 2010 DINING Ferran Adria: a simple man L6-7 DESTINATION DINING Tokyo rising L8-10 FASHION’S FUTURE What’s on the cards in fashion L2-5 GADGETS Fall for the backflip L11 NO HOLDS BARRED Conspiracy theory L16 MOTORING Z style L20 HOME GARDEN Designer’s ark L12-13 PHOTO:51 words
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BT Living
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FASHION
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Article, Illustration1136 2010-05-01 2 / 3 Audrey Phoon - The world’s top fashion forecaster contemplates what’s on the cards for businesses and consumers in the years to come. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg WE would introduce youtofashion’smodel of the moment, but you’ve probably already met. Of course, you may not remember since she’s not particularlyPHOTOS AT BLUEPRINT BY JOHN HENG PHOTO OF JANET WARKENTIN BY YEN MENG JIIN - 1,136 words
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Article, Illustration659 2010-05-01 2 / 3 Audrey Phoon - By Audrey Phoon THEY came, they saw and while they weren’t quite conquered by what was on offer, the general consensus of the Blueprint trade show was that it was a decently-shod step in the right direction. Held over Thursday and Friday at the659 words
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Article, Illustration2232 2010-05-01 4 / 5 Melissa Lwee - The Asian Fashion Exchange is turning up the creative heat at Audi Gala Night, Audi Fashion Festival and the Blueprint trade show. Here are some of the standouts in town. By Melissa Lwee By Melissa Lwee Mary Katrantzou THE Audi gala dinner last Tuesday was a greatJOHN HENG; JOHN - 2,232 words
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DINING
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Article, Illustration1745 2010-05-01 6 / 7 of the avant arde briade Ferran Adria, light of the avant garde brigade, is in essence, just a chef with an insatiable curiosity and a man with an open mind. By Jaime Ee jaime@sph.com.sg FERRAN Adria is being put through the ultimate tour-ist-vs-Singapore-hawker, ‘see who blinks firstPHOTOS BY YEN MENG JIIN - 1,745 words
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DESTINATION DINING
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Article, Illustration1772 2010-05-01 8 Jaime Ee - Les Creations de Narisawa was named the top Asian restaurant in the Restaurant Magazine Top 50 Restaurants 2010. Jaime Ee sees if it lives up to the hype and suggests other worthy alternatives in Tokyo. By Jaime Ee jaime@sph.com.sg Les Creations de Narisawa 2-6-15 Minami-aoyama Minato-ku Tokyo, Japan1,772 words
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Article787 2010-05-01 9 Jaime Ee - commentary By Jaime Ee jaime@sph.com.sg POOR Michel Bras. His much-lauded, three Michelin-starred restaurant in Laguiole, France, that he helms with his son Sebastien, has been consistently in the top 10 in Restaurant Magazine’s Top 50 Restaurants of the World since 2006. This year, the restaurant has disappeared787 words
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GADGETS
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Article, Illustration1087 2010-05-01 10 Christopher Lim - Motorola’s new Backflip launches today, and it works well with some of the latest Bluetooth headsets. By Christopher Lim By Christopher Lim limchris@sph.com.sg NEW mobile phone designs don’t pop up every day, and the foldable clamshell is one of the most venerable shapes, going back to1,087 words
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HOME & GARDEN
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Article, Illustration1103 2010-05-01 12 / 13 Corinne Kerk - Interior designer Isabelle Miaja’s love for animals is evident everywhere in her home. By Corinne Kerk personal space By Corinne Kerk btnews@sph.com.sg IN Isabelle Miaja’s garden, there are two dogs, a pair of rabbits, a parrot and two giraffes. Only the latter aren’t actually alive, having arrived inPHOTOS BY YEN MENG JIIN - 1,103 words
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HEALTH
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Article, Illustration831 2010-05-01 14 / 15 Cheah Ui-Hoon - Finally, drug manufacturers are making it easier for heart patients to keep up with their medication. By Cheah Ui-Hoon patients By Cheah Ui-Hoon uihoon@sph.com.sg WHEN heart patients with a couple of other complications like diabetes have six to seven different kinds of pills to take a day, chances areFILE PHOTOS - 831 words
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Article1124 2010-05-01 14 / 15 wine dine with BTWeekend Bar on 5 Level 5 Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage1,124 words
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SPORT
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Article, Illustration647 2010-05-01 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor JUST like any mystery novel enthusiast out there, football fans too enjoy being sucked into the drama and intrigue of a conspiracy theory every so often in their beloved sport. And there is perhaps no biggerAFP - 647 words
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Article, Illustration811 2010-05-01 16 John Dykes - kick off John Dykes WHEN the organisers of July’s Soccerex Asian Forum staged a networking lunch and news conference in Singapore this week to ramp up interest in the busi-ness-to-business conference and exhibition, it came as no surprise to learn that the811 words
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GOLF
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Article, Illustration992 2010-05-01 17 Justine Moss - World number one Lorena Ochopa will be sorely missed when she retires from the game after the Tres Marias tournament in Mexico this weekend. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN LPGA star Lorena Ochoa announced last week that she would retire from professionalREUTERS - 992 words
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MOTORING
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Article, Illustration503 2010-05-01 18 Samuel Ee - Two entry-level variants of the Mercedes-Benz C-Class sedan now come turbocharged. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT may have a longer name now, but there is a short explanation for why the Mer-cedes-Benz C-Class currently sports an extended suffix turbo. The two entry-level variants of this503 words
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Article, Illustration503 2010-05-01 19 Samuel Ee - Mitsubishi’s latest SUV model wows with its revolutionary ride quality.By Samuel Ee quality.By Samuel Ee samuelee@sph.com.sg MENTION Mitsubishi and SUV in the same sentence and chances are that the brawny Pajero comes to mind. But unlike that hulking off-roader, the nesecarmaker’slatestsport-utilityvehi-cle offering is more of a city crossover.503 words
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Article, Illustration568 2010-05-01 20 Samuel Ee - The 370Z Roadster may not be a wild sports car, but it’s still one powerful Nissan.By Samuel Ee Nissan.By Samuel Ee samuelee@sph.com.sg RARE is the model that is available with a manual gearbox here these days. Even rarer still is that it has the classic front engine, rear-wheel-drive568 words
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Advertisement16 2010-05-01 4 / 5 For enquiries on KTZ items, visit the Glamour Inc showroom at #01-55, 59 Eng Hoon St16 words
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Page 8 Advertisements
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Advertisement55 2010-05-01 8 Michelin Chef Laurent Peugeot Burgundy, France 03-08 May 2010 Indulge your senses with the innovative signatures of Guest Chef Laurent Peugeot as he showcases his culinary flair. From $80 for lunch $180 for dinner Culinary Master Class on Saturday 08 May Citibank cardmembers enjoy exclusive 15% off Reservations 6730 339355 words
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Page 16 Advertisements
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Advertisement16 2010-05-01 16 ??Catch John Dykes on ESPN’s Football Focus every Tuesday (8pm) and First Edition on Friday (9pm)16 words
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