The Business Times, 23 July 2011
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2011-07-23
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The Business Times
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Title Section12 2011-07-23 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JULY 23 24, 2011 S$1.00 MICA(P) 139/08/201012 words
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Article54 2011-07-23 1 property SOME consultants have trimmed their forecasts on the number of private homes developers will sell this year as well as how much home prices can rise. So far, they’re not predicting price declines. URA’s latest numbers show the overall private home price index rose 2 per cent54 words
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Article25 2011-07-23 1 disclosure THE Monetary Authority of Singapore has chided Global Logistic Properties for not disclosing it had a non-compete arrangement with ProLogis. 425 words
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23 2011-07-23 1 bullish ANALYSTS raised Keppel Corporation’s target price yesterday, after its Q2 net profit beat the street’s expectations.| 1023 words
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Article28 2011-07-23 1 hacking scandal BRITISH lawmakers demanded answers from James Murdoch after executives who used to work for his father’s newspapers accused him of misleading Parliament. |1728 words
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764 2011-07-23 1 Neil Behrmann - Deal staves off threat of contagion, buys time and boosts bonds, equities and euro By Neil Behrmann btworld@sph.com.sg London A HUGE cloud of uncertainty was dispelled as Europe bailed Greece out of its debt crisis and simultaneously prevented the contagion from spreading764 words
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Article, Illustration590 2011-07-23 1 Ven Sreenivasan - By Ven Sreenivasan ven@sph.com.sg Singapore JUST days after announcing a new CEO for its planned low-cost long-haul airline, Singapore Airlines yesterday said the fleet of this new budget carrier would comprise of Boeing 777-200 planes. “The aircraft type was selected following aFILE PHOTO; RORY DANIEL - 590 words
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Page 1 Advertisements
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Advertisement20 2011-07-23 1 the business www.businesstimes.com.sg the raffles conversation ECOLOGICAL ACTIVIST JANE GOODALL 8-9 LIVING The timeless appeal of Danish furniture design L2-520 words
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Advertisement5 2011-07-23 1 MOTORING Third-generation VW Beetle L18-195 words
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Advertisement9 2011-07-23 1 SMART MONEY How the bonds game is played 30-319 words
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TOP STORIES
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Article, Illustration579 2011-07-23 2 Siow Li Sen - Analysts positive on all 3 banks’ prospects, citing strong local and regional economies By Siow Li Sen lisen@sph.com.sg Singapore THE three local banks rose again yesterday in line with market relief over a Greek deal. United Overseas Bank (UOB) rose 0.85 perBloomberg - 579 words
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Article, Illustration383 2011-07-23 2 Pierre Briancon - By Pierre Briancon REUTERS BREAKINGVIEWS THE eurozone still faces major fiscal and economic problems, but it has taken significant steps towards tackling the debt crisis. Greece will get some relief, and the monetary union bailout fund, the European Financial Stability Facility, willREUTERS - 383 words
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Article140 2011-07-23 2 G STI 3,182.95 (+44.44) G STI FUTURES 3,179 (+42) G SIMSCI 368.58 (+3.99) G SIMSCI FUTURES 368.50 (+3.90) STOCKS Friday Change KL COMP 1,565.06 -0.75 NIKKEI 225 10,132.11 +121.72 HANG SENG 22,444.80 +457.51 SET 1,121.04 +16.89 JAKARTA 4,106.82 +38.75 MANILA 4,478.36 -1.65 KOSPI 2,171.23 +26.19 SHENZHEN B 750.69 -1.54140 words
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1005 2011-07-23 3 Kalpana Rashiwala - URA’s Q2 private home price index up 2% on quarter, slower than Q1’s 2.2% Reports by Kalpana Rashiwala kalpana@sph.com.sg Singapore AS an air of caution settles into Singapore’s real estate market, some property consultants have trimmed their forecasts on the number of private homes1,005 words
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Article, Illustration447 2011-07-23 3 A STRING of interesting projects across Singapore bagged provisional permission from the Urban Redevelopment Authority (URA) in the second quarter. In the Central Business District, a Tuan Sing unit received provisional permission for an office/shopping development on Robinson Road comprising 23,530 square metres (aboutFILE PHOTO - 447 words
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536 2011-07-23 4 Felda Chay - But it says GLP didn’t breach Securities and Futures Act by not disclosing its non-compete arrangement with ProLogis By Felda Chay feldac@sph.com.sg Singapore THE Monetary Authority of Singapore (MAS) has chided Global Logistic Properties (GLP) for not disclosing in its listing prospectus that536 words
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397 2011-07-23 4 Winston Chai - By Winston Chai winstonc@sph.com.sg Singapore SINGAPORE Telecommunications will hive off $1.89 billion worth of Internet assets as the first step towards fulfilling a commitment that it made under the government-backed Next-Gen NBN (National Broadband Network) project. The telco yesterday said that it397 words
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Article51 2011-07-23 4 IN the article “Banking on a Non-Lending Push” carried in BT on July 21, Alliance Financial Group’s chief executive Sng Seow Wah was mentioned as being appointed by Temasek Holdings. This is incorrect. Mr Sng was appointed by the Malaysian bank’s board of directors. We are sorry for the51 words
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Article, Illustration700 2011-07-23 6 Emilyn Yap - HDB re-examining COV practice, says there’ve been calls to abolish COV and not to publish it By Emilyn Yap emilyny@sph.com.sg Singapore PRICES of resale flats in Q2 climbed 3.1 per cent quarter on quarter, at a pace that wasSource: HDB - 700 words
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798 2011-07-23 6 Nisha Ramchandani, Tam Yu Ling - By Nisha Ramchandani, Tam Yu Ling nishar@sph.com.sg tamyl@sph.com.sg Singapore MORE private companies are allowing their local employees to work beyond the age of 62 with 77 per cent doing so in 2010, up from 64 per cent in 2009, a survey by798 words
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Page 2 Advertisements
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Advertisement64 2011-07-23 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-12 From The Desk Of 13 Singapore 14-15 World 17-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-33 Smart Money 30-31 Show Me The Money 33 Real Estate 34-35 LIVING Design L2-5 Dining L6-7 Travel L8-9 Wellness L10-1164 words
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Page 5 Advertisements
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Advertisement3021 2011-07-23 5 CHASEN HOLDINGS LIMITED (Company Registration No. *****6814G) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHASEN HOLDINGS LIMITED (“the Company”) will be held at the Raffles Lounge (Level 2), Raffles Country Club, 450 Jalan Ahmad Ibrahim, Singapore3,021 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK July 18-22, 2011
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59 2011-07-23 7 THE Singapore Exchange could end up with more delistings than new listings this year, as the privatisation wave continues to sweep the bourse. If this continues and the market for initial public offerings stays quiet, the number of companies voluntarily leaving the exchange59 words
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51 2011-07-23 7 THE Hungry Ghosts may provide their usual scare, but the real menace for developers lurks deeper. They could be sailing into a perfect storm. Even before this month kicks off on July 31, several other factors are already weighing down private home buying51 words
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56 2011-07-23 7 EUROPEAN bank stocks and the euro dived as growing numbers of analysts concluded that the European Banking Authority’s stress test report was far too sanguine. The EBA contends that only eight out of 90 banks failed the test with a combined capital shortfall56 words
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50 2011-07-23 7 JUNE’S non-oil domestic exports proved disappointing, even after the sombre GDP estimates released last week had tempered expectations. It wrapped up a weak quarter when the NODX was esti- mated to have fallen an annualised 7 per cent from the first quarter.50 words
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36 2011-07-23 7 SINGAPORE Airlines has appointed New Zealander and Singapore permanent resident Campbell Wilson as the founding CEO of its no-frills, low-fare airline which is set to be launched next year.36 words
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Article, Illustration106 2011-07-23 7 THE grilling of media baron Rupert Murdoch and his son James by British parliamentarians took a surprising turn when a protester rushed at Mr Murdoch, setting off a scuffle and spattering him with what appeared to be white foam in a foilAP - 106 words
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46 2011-07-23 7 THE Singapore government has come out to say that landed property in Singapore will remain the primary preserve of Singaporeans. Law Minister K Shanmugam said that permanent residents own only 3.5 per cent of landed residential properties in Singapore.46 words
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36 2011-07-23 7 TAN Chong Meng, an executive vice- president at Shell, has been tapped to be PSA International’s new group chief executive officer, BT has learnt.36 words
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49 2011-07-23 7 APPLE Inc’s stock price jumped to more than US$400 for the first time, after record sales of iPhones and iPads helped third-quarter profit blow past estimates. Net income in the period more than doubled to US$7.31 billion from a year earlier.49 words
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47 2011-07-23 7 THE premium for a big-car COE jumped in response to the impending 17 per cent cut in the number available for this category from next month. A certificate of entitlement for Category B (cars above 1,600 cc) surged $4,000 to $72,501.47 words
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50 2011-07-23 7 The Monetary Authority of Singapore on Thursday raised its inflation forecast for this year and warned of significant risks in the world economy that could jeopardise Singapore’s growth. MAS now expects inflation of 4-5 per cent for the whole of this year.50 words
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43 2011-07-23 7 THE White House signalled on Wednesday it could support a short-term increase in the US borrowing limit for “afew days” if lawmakers agreed to a broad defi-cit-reduction deal but needed more time to pass it.43 words
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Article83 2011-07-23 7 US DATA July 26 June new home sales July consumer confidence July 27 June durable goods orders Fed Beige Book July 29 Q2 GDP July consumer sentiment SINGAPORE DATA July 25 June Consumer Price Index July 26 June index of ind’l production July 29 June83 words
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Page 7 Miscellaneous
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Miscellaneous335 2011-07-23 7 CRYPTIC CROSSWORD Across 1 Fatted calf for the prodigal son was just the ticket (6,4) 6 I must leave firm, betrayed (4) 10 Class holds university debate (5) 11 Lab equipment twice set back without objection on reflection (4,5) 12 Excluded lawyers’ right to be in action (8) 13 Afterwards?335 words
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Miscellaneous13 2011-07-23 7 SATURDAY with Ludwig ‘Mum, why do business people refer to us as commodities?13 words
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THE RAFFLES CONVERSATION
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Article, Illustration2090 2011-07-23 8/9 Audrey Phoon - Small actions can make a big difference, and for those who aren’t convinced there is living proof in the form of Jane Goodall. Here, the world's most well known ecological activist shares her story and methods for effecting change in a resistant field. By Audrey Phoon field.ByYEN MENG JIIN - 2,090 words
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COMPANIES
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437 2011-07-23 10 Joyce Hooi - Keppel’s new order book year to date has hit a record high of $7.4 billion By Joyce Hooi joyceh@sph.com.sg ANALYSTS raised Keppel Corporation’starget priceyesterday, after the group’s second-quarter net profit beat the street’s expectations. On Thursday, Keppel posted a net profit of $385 million,437 words
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302 2011-07-23 10 Conrad Tan - Claims by SembMarine unit relate to disputed unauthorised foreign exchange transactions By Conrad Tan conradt@sph.com.sg SEMBCORP Marine’s Jurong Shipyard unit has filed a notice of arbitration against its former auditor Ernst Young for claims over disputed unauthorised foreign exchange transactions. In a302 words
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Article431 2011-07-23 10 Michelle Tan - By Michelle Tan michtyz@sph.com.sg FORTUNE Real Estate Investment Trust’s (Fortune Reit) second-quarter distribution per unit (DPU) rose 3.1 per cent year on year to 6.07 HK cents. This implies an annualised distribution yield of 6.1 per cent as at yesterday’s closing price of HK$4.431 words
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294 2011-07-23 10 Carine Lee - By Carine Lee carinel@sph.com.sg SINGAPORE’S first healthcare real estate investment trust, First Reit, yesterday announced a distribution per unit (DPU) of 1.58 cents for the second quarter of this year, down from 1.92 cents a year ago but up 85.9 per294 words
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Article, Illustration583 2011-07-23 11 R Sivanithy - Jardine companies rise sharply; Genting S’pore is back to the forefront stocks| R Sivanithy sivan@sph.com.sg Senior correspondent NEWSofmoremoney for Greece and the rest of the bankrupt European nations and a higher chance that the United States will soon be able to583 words
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Article112 2011-07-23 11 VOL CLOSE GoldenAgri 108,360 73 1.5 2.1 Dyna-Mac 64,252 56 2.0 3.7 GentingSP 55,198 183.5 4.0 2.2 Sunmoon 42,769 0.2 0.0 0.0 TigerAir 37,028 115 5.0 4.5 Yangzijiang 34,556 142.5 6.0 4.4 HPHTrust US$ 32,092 80.5 -1.8 -1.8 NobleGrp 25,130 184 2.0 1.1 *GentingHK US$ 24,062 41.5112 words
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Article58 2011-07-23 11 BY CENTS CLOSE UP IS S&P500 ***** 434.0 2.7 DBXT E50 10US$ 4476 383.2 7.6 JMH 5848 360.2 5.4 DBXT Nifty 10US$ ***** 251.4 1.6 DBXT MSEurope 10US$ 4887 226.1 4.0 DBXT SPASX200 10US$ 3655 201.9 4.8 DBXT MSKorea 10US$ 6572 164.4 2.1 Pru 500US$ 1150 84.6 6.558 words
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Article59 2011-07-23 11 BY CENTS CLOSEDOWN DBXT STGLDv100 10US$ 2890 -142.6 -3.9 GLD 10US$ ***** -104.0 -0.6 IS DJ US Tech 6736 -49.6 -0.6 DBXT FTVietnam 10US$ 2740 -33.9 -1.0 Lyxor Malaysia 10US$ 942 -13.3 -1.2 SIMSCI365MBePW1109 36.5 -10.0 -21.5 STI 3050BNPePW*****1 10.2 -9.1 -47.2 KepCorp MBLePW1111 25 -8.0 -24.2 STI59 words
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Article108 2011-07-23 11 Stock name Close Change CapMallsAsia 1.450 CapitaLand 2.950 +0.070 CapitaMall 1.950 CityDev 10.930 +0.420 ComfortDelGro 1.430 -0.015 DBS Grp 15.100 +0.120 F&N 6.070 +0.090 GLP 2.040 -0.010 Genting SP 1.835 +0.040 Golden Agri 0.730 +0.015 HK Land 6.730 +0.100 JMH 58.480 +2.980 JSH 32.790 +0.690 Jardine C&C 47.380108 words
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Article425 2011-07-23 11 Jamie Lee - It plans to implement new computation method for equilibrium prices By Jamie Lee leejamie@sph.com.sg THE Singapore Exchange (SGX) plans to change the way it calculates equilibrium prices that are used at the end of the pre-opening and pre-closing routines, as well as a trading halt,425 words
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Article509 2011-07-23 12 Lynette Khoo - Move paves way for backdoor listing of Weiye Group By Lynette Khoo lynkhoo@sph.com.sg SHAREHOLDERS of KyodoAllied Industries gave the go-ahead yesterday for its proposed $600 million acquisition of a Chinese property developer under a reverse takeover (RTO) deal. This is paving the way for the509 words
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Business briefing
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Article74 2011-07-23 12 SATS Ltd announced that its chief executive officer and president, Clement Woon, has resigned with immediate effect to “pursue personal interests”. Mr Woon, 52, will remain in an advisory capacity till Dec 31, 2011 to ensure a smooth leadership transition during this period. The SATS74 words
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83 2011-07-23 12 THE Court of Appeal upheld a ruling which found Pheim Asset Management Sdn Bhd and its CEO Tan Chong Koay guilty of market rigging. The High Court ruled last year that both parties drove up the share price of United Envirotech in83 words
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Article240 2011-07-23 12 Stephanie Riady - By Stephanie Riady sriady@sph.com.sg KITCHEN Culture Holdings made a positive debut on Catalist yesterday, closing 10 per cent above its offer price. The gains were modest compared with the debut by waste management company 800 Super Holdings on Catalist last week, which saw a240 words
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325 2011-07-23 12 Jamie Lee - By Jamie Lee leejamie@sph.com.sg CATALIST companies sponsored by PrimePartners Corporate Finance (PPCF) can now seek research coverage from Standard Poor’s (S&P) under a fresh tie-up between the latter two. All 26 Catalist listings that are currently sponsored by PPCF a key player in the325 words
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398 2011-07-23 12 Felda Chay - By Felda Chay feldac@sph.com.sg UNITHOLDERS of Ascott Residence Trust (ART) enjoyed a dou-ble-digit jump in payouts for the second quarter of fiscal 2011 compared with last year, with the 28 service residence properties that it injected into its portfolio last398 words
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Page 11 Advertisements
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Advertisement401 2011-07-23 11 %%%-\~>$.%&+^-","{|-|-.[)=]--"/ IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HOLAWAH (SINGAPORE) PTE LTD. CO. REG. NO. *****0916N (In Members’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the creditors of the above-named Company, which is being wound up voluntarily are required on or before the401 words
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FROM THE DESK OF
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Article, Illustration796 2011-07-23 13 Jim O’Neill - We need to remove ourselves from home market bias and see that the growth markets underpin every major investment theme and opportunity in the world today from the desk of Jim O’Neill Chairman, Goldman Sachs Asset Management IN THE business of796 words
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SINGAPORE
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Article, Illustration599 2011-07-23 14 Lee U-Wen - They’re not adversaries, says Lee; it’s the US that China ‘considers its main rival for influence’ in the world By Lee U-Wen leeuwen@sph.com.sg WHILE both economies are powering ahead and poised to overtake the United States in the coming decades, the emergingLIM WUI LIANG/THE STRAITS TIMES - 599 words
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522 2011-07-23 14 Malminderjit Singh - By Malminderjit Singh msingh@sph.com.sg SINGAPORE will play a key role in intermediating capital flows between China and India, once the renminbi (RMB) becomes internationalised, says Piyush Gupta, CEO of DBS Group Holdings and DBS Bank. Mr Gupta explained that China’s phased internationalisation of the522 words
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Article, Illustration470 2011-07-23 15 Teh Shi Ning - Tan Cheng Bock won’t have mud-slinging, vulgar language on his website By Teh Shi Ning tshining@sph.com.sg THE Presidential election race must be run with “pride and dignity”, said Tan Cheng Bock, after submitting his application for an eligibility certificate to the Elections Department yesterday. Mr470 words
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204 2011-07-23 15 Michelle Yeo - By Michelle Yeo yeomich@sph.com.sg KHOO Teng Chye, 59, the chief executive of PUB, will relinquish his post when his current tenure ends on Dec 7, 2011. He will be replaced by Rear Admiral (RADM) (NS) Chew Men Leong,204 words
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Article, Illustration275 2011-07-23 15 Nicholas Yeo - By Nicholas Yeo yeonick@sph.com.sg THE National Heritage Board (NHB) Academy marked its official launch yesterday with partnerships with the internationally acclaimed Smithsonian Institution (SI) and the Tourism Management Institute of Singapore (TMIS). Under a memorandum of agreement with SI, NHB Academy and the renowned Washington institution will275 words
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307 2011-07-23 15 Felda Chay - By Felda Chay feldac@sph.com.sg THE Office of the Commissioner of Charities (COC) has released guidelines for charities here that wish to engage in business activities, advising these groups to set up subsidiaries to manage their business dealings. It also said307 words
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Page 14 Advertisements
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Advertisement41 2011-07-23 14 Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! FitnessFirstislookingfora Fitness Instructor/ PersonalTrainer ST-Ericssonhaspositionsopenfor SystemValidation Engineers PWChasavacancyfora Financial Services Business Consulting Manager Marks&Spencerisrecruitinga Department Manager (Retail) SubordinateCourtsSingapore ishiringa Court Counsellor/ Psychologist/ SocialWorker41 words
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Page 16 Advertisements
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Advertisement49 2011-07-23 16 «a lfs all >8 about Trust Just as you rely on your gown maker to deliver on your big day, you can turn to The Straits Times as a trusted source of news, views and reviews. A CO > .1 v m A W THE STRAITS TIMES. A publication of49 words
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WORLD
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Article, Illustration651 2011-07-23 17 Lawmakers want answers, threaten to bring in police AFP London BRITISH lawmakers demanded answers from James Murdoch yesterday after executives who usedtoworkforhisfather’snewspapers accused him of misleading Parliament over the phonehacking scandal. James Murdoch, the heir apparent of Rupert Murdoch’s media empire and chairman of itsAFP - 651 words
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Article489 2011-07-23 17 Reuters Sydney IN a further blow to Rupert Murdoch, a US$2 billion takeover bid by an Australian pay-TV business part-owned by his News Corp is expected to be blocked by the country’s competition watchdog. The bid by Foxtel, in which News Corp has aReuters - 489 words
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Briefing
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72 2011-07-23 17 Reuters London The UK has opted out of a European Central Bank (ECB) project to establish a platform for settling share trades from across the region that aims to slash trading costs for investors, the Financial Times said. The FT, citingReuters - 72 words
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69 2011-07-23 17 AFP San Francisco US technology giant Microsoft said on Thursday its annual profit soared on record revenue thanks in part to hot demand for its Xbox 360 videogame console gear and online network. Microsoft reported its net income surged 23 per cent toAFP - 69 words
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67 2011-07-23 17 Reuters Vancouver, British Columbia A Canadian court has cleared the way for the extradition of China’s most wanted man, dismissing concerns that he could be tortured or executed back home. Federal Court Judge Michel Shore refused a request to stay the deportationReuters - 67 words
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53 2011-07-23 17 Reuters Sydney Commonwealth Bank of Australia (CBA) named the head of its fast-growing business-banking division as its next chief executive, aiming to overcome the slowdown at its core business. Ian Narev, 44, who heads the business and private banking division, will take theReuters - 53 words
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Article, Illustration486 2011-07-23 18 He also voiced confidence that the govt has the means to ward off any run-away inflation Reuters Beijing CHINA’S current inflation cycle is near a turning point and may head lower in coming months, judging by historical trends, Zhou Wangjun, deputy head ofReuters; XINHUA - 486 words
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329 2011-07-23 18 Drop in key index in July signals recovery’s slowing Reuters Berlin GERMAN business sentiment fell more than expected to a nine-month low in July, a closely watched survey showed yesterday, adding to evidence that growth in Europe’s largest economy is easing off itsReuters - 329 words
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Article, Illustration663 2011-07-23 19 Sky-high commodity prices also lift A$ to 29-year peaks against its US counterpart Reuters Sydney AUSTRALIA’S export prices jumped past expectations last quarter as insatiable Asian demand for coal and iron ore provided powerful support to incomes, employment and investment in the resource-richReuters; REUTERS - 663 words
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440 2011-07-23 19 Reuters Tokyo ONE of Sony Corp’s insurers has asked a court to declare that it does not have to pay to defend the media and electronics conglomerate from mounting legal claims related to a massive data breach earlier this year. The dispute comesReuters - 440 words
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335 2011-07-23 19 Reuters Manila THE Philippines wants more time to study big infrastructure deals that it had planned to tender this year to ensure their success, even as it pursues more calsustainabilitymeasures,thefinance secretary said yesterday. The government had planned to start auctioning offReuters - 335 words
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Article, Illustration472 2011-07-23 20 Maple’s proposal requires approvals from provincial regulators as well as Canada’s Competition Bureau Bloomberg Toronto TMX Group Inc, the Toronto Stock Exchange owner that failed to combine with London Stock Exchange Group plc, agreed to takeover talks with a group of Canadian banksBloomberg; REUTERS - 472 words
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Article376 2011-07-23 20 Reuters London BRITAIN’S Takeover Panel has adopted tougher merger rules, tipping the balance of power back towards acquisition targets. The panel published its final rules yesterday after a year-long consultation prompted by the outcry over Kraft’s purchase of Cadbury. The Cadbury deal sparked anger after KraftReuters - 376 words
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Page 18 Advertisements
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Advertisement295 2011-07-23 18 THE SME MAGAZINE PRESENTS The Economy& Your Business What headwinds ahead do companies face? Get a better picture of how the next 12 to 18 months will pan out. Hear from two of Singapore’s top economists as they share their outlook on how the wider picture can impact local businesses295 words
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Advertisement20 2011-07-23 20 www. omy.sgJ0 O OSGsDDQD© Wffl SINGAPORE ill AWARDS M in HU ?g 2 0 11 http://sgblogawards.omy.sg a collaboration with liveshare20 words
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Advertisement11 2011-07-23 20 Popular Chineseonline supermarket yihaodian beganas anidea conceived byits founder onaflight Tosubscribe,call6388-3838orgotosphsubscription.com.sg11 words
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SGX
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Article10136 2011-07-23 24 Transaction date: Jul 22 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 $mil 21 13.2 8Telecom 15 +0.5 20 15 15 13.5 15.5 7.8 4.1 3.1 71.8 12 4.5 A-Sonic 6.7 -0.2 68 6.710,136 words
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Article186 2011-07-23 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 1 1 0 0 0 12 1 1 Manufacturing 95 29 45 12 5 4 107 34 49 Commerce 30 11 16 3 3 3 33 14 19 Tpt/Stor/Comms 30 6 8186 words
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Article843 2011-07-23 24 For week beginning Jul 18 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) KS Energy Ltd 20-Jul-11 Rija Hldgs Ltd *Buy 2364 na *****2 43.83 *****6 44.41 KS Energy Ltd843 words
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Article122 2011-07-23 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 50,840 50,840 162,403 162,403 Manufacturing 262,618 41,796 304,414 256,015 751 256,766 Commerce 116,805 6,825 123,630 112,708 1,509 114,217 Tpt/Stor/Comms 219,476 8,249 227,725 327,946 1,102 329,047 Finance 46,118 2 46,120 255,793 255,793 Construction 69,692 16,271 85,963122 words
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MARKETS
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Article75 2011-07-23 25 Jul 21 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 118.88 0.64 WTI (Near Mth) 99.10 0.99 Dubai (1-Mth F) 111.37 -0.79 Tapis blend 122.34 -1.31 Minas 118.34 -1.31 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.17 -0.39 Jet Kerosene 130.95 -0.65 US$/barrel Opec Oil Basket Price75 words
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Article118 2011-07-23 25 Jul 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.353 1.277 Can dollar 1.305 1.255 Euro 1.774 1.706 Sterling pound 2.01 1.933 NZ dollar 1.072 1.021 US dollar 1.227 1.18 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article81 2011-07-23 25 Jul 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 20.10.2011 0.25 1-Year BY*****X 02.05.2012 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.81 103.86 103.85 5-Year N*****0W 1.125 01.04.2016 101.84 102.05 101.881 words
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Article154 2011-07-23 25 Jul 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3106 1.3118 1.0842 1.0843 Canadian dollar 1.2812 1.2825 1.0599 1.0601 Euro 1.7422 1.7439 1.4413 1.4415 NZ dollar 1.0434 1.0447 0.8632 0.8635 Sterling pound 1.9695 1.9717 1.6293 1.6298154 words
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Article, Illustration91 2011-07-23 25 YTD change: -0.22% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,910.21 on Aug 25,2010 Source: Bloomberg YTD change: -2.56% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 20,372.20 on Aug 31,2010 Source: Bloomberg YTD change:+9.91% 52-week high: 12,876.00 on May 2,2011 52-week low: 9,936.62 on Aug 27,2010Source: Bloomberg - 91 words
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Article, Illustration75 2011-07-23 25 As on 21 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1599 1598.8 1598.9 1587.3 Silver Cash Sep-11 39.79 38.69 39.2 38.4 CURRENCY Euro-US Dollar Sep-11 1.4378 1.4113 1.435375 words
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Article66 2011-07-23 25 Jul 22 GOLD (US$/oz) Jul 21 Jul 22 Hong Kong 1598.*****0.00 Jul 20 Jul 21 London 1595.*****0.30 1596.*****1.05 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 47.85 47.45 Source: UOB PLATINUM Lon (US$/oz) Jul 21 Close Previous PM Fix 1780.*****4.00 AM Fix 1779.*****3.00 Source: Thomson Reuters PLATINUM NYMEX66 words
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Article82 2011-07-23 25 Jul 21 COCOA (£/tonne) Close Prev High/Low Sep 11 1970 1990 1986/1960 Dec 11 1999 2017 2015/1990 Mar 12 2017 2035 2033/2008 May 12 2025 2041 2037/2015 COFFEE (US$/tonne) Close Pev High/Low Jul 11 1960 2073 2088/2088 Sep 11 2002 2110 2145/1985 Nov 11 2035 2143 2175/2022 Jan 1282 words
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Article65 2011-07-23 25 Jul 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3125 3138 3151 3125 719 4664 Sep 11 3127 3141 3151 3127 4883 ***** Oct 11 3129 3140 3150 3125 9399 ***** Nov 11 3120 313965 words
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Article93 2011-07-23 25 Jul 21 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 11 1380.*****8.*****6.*****9.75 Sep 11 1381.*****9.*****6.*****0.75 Nov 11 1388.*****4.*****2.*****6.25 Jan 12 1397.*****3.*****1.*****5.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Aug 11 56.48 56.77 57.19 56.29 Sep 11 56.68 56.99 57.41 56.49 Oct 11 56.90 57.21 57.5893 words
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374 2011-07-23 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 21 Index Change Change Change Change Change Change World Index Preliminary 914.2 0.9 1.8 1.0 -1.0 1.3 4.8 ‡EAFE Preliminary 777.7 0.8 -2.9 1.4 -2.9 1.7 2.8 Europe Preliminary 1147.6 1.2374 words
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Article72 2011-07-23 25 Jul 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2511.00 2506.25 3 months 2540.00 2536.00 Copper, Grade A (US$/tonne) Cash 9659.75 9734.00 3 months 9680.00 9755.00 Lead (US$/tonne) Cash 2678.25 2672.00 3 months 2700.00 2695.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)72 words
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PERSPECTIVE
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Article, Illustration876 2011-07-23 26 / 27 Harish Mehta - Indian journalism barring a couple of respected magazines can no longer claim to be free, fearless or credible. How much of this is due to the presence of Rupert Murdoch’s media network? By Harish Mehta By Harish Mehta ~Harish Mehta, a former BT Indochina correspondent, served asBLOOMBERG - 876 words
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Article, Illustration1068 2011-07-23 26 / 27 Anthony Rowley - Anthony Rowley Tokyo correspondent btworld@sph.com.sg IT WOULD be hard to imagine anything much nastier than the physical impact of Japan’s Fukushima disaster: a nuclear wasteland created around the crippled plant; mass evacuations of people; dangerous levels of radioactivity in the air, groundAP - 1,068 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1605 2011-07-23 28 / 29 Shane Oliver - The sovereign debt woes of the eurozone’s weaker members bear careful handling and close monitoring Shane Oliver AMP Capital Investors The writer is head of investment strategy and chief economist, AMP Capital Investors ITSEEMStheEuropeansover-eign debt problems won’t go away. Despite bailouts for Greece,Irelandand Portugal, and numerousAFP - 1,605 words
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BROKERS' TAKE
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Article394 2011-07-23 28 / 29 Outperform CIMB July 22 Close: S$11.16 Q2 FY11 net profit of S$385 million (up 9 per cent year on year) was above our expectations of S$358 million and consensus expectations of S$330 million, driven by better-than-expected margins from O&M and stronger earnings from infrastructure. Property was dragged down394 words
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Article406 2011-07-23 28 / 29 Lynn Kan - Buy Compiled by Lynn Kan DMG Partners Research July 22 Close: $1.545 SUNTEC Reit’s Q2 FY11 results are in line with expectations. Suntec Reit reported Q2 FY11 distribution per unit (DPU) of 2.532 cents (up 6.0 per cent quarter on quarter; up 0.2 per cent year on year),406 words
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Article, Illustration1102 2011-07-23 32 Frederik Balfour - Imports have surged since the tax cuts, helping the city overtake London and New York as world’s biggest auction market for top wine labels. By Frederik Balfour By Frederik Balfour Bloomberg Hong Kong FERGUS Fung swipes his card across a sensor and waitsBloomberg; BLOOMBERG - 1,102 words
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Article, Illustration1482 2011-07-23 33 Teh Hooi Ling - Taking another look at the salaries of Singapore CEOs compared with their US counterparts show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder A READER wrote in in response to one of my articles last week, on the compensations of1,482 words
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SMART MONEY
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Article1647 2011-07-23 30 Genevieve Cua - Bonds are indispensable in investing, adding stability to a portfolio. It’s therefore necessary to understand the various forms they come in. By Genevieve Cua By Genevieve Cua gen@sph.com.sg IN TODAY’S low-interest-rate environment, some experts may advise a markedly reduced weighting in bonds. Yet few1,647 words
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Article, Illustration708 2011-07-23 31 Genevieve Cua - By Genevieve Cua YOU CAN get an exposure to bonds through funds which include actively managed unit trusts and exchange traded funds (ETFs). Funds are an efficient way to invest in bonds that may be difficult to access here directly, such as emerging marketBLOOMBERG - 708 words
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WEALTH REAL ESTATE
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1129 2011-07-23 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 16 LANDED Guan Soon Ave 2-Sd 27/06/2011 FH 4052 3500 864 Kew Dr 4-Sd 27/06/2011 99 25831,129 words
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423 2011-07-23 35 Int’l Property’s US$3.5b office, residential, hotel and retail venture includes tower that will be tallest in the US Bloomberg Chicago INTERNATIONAL Property Developers has announced plans to build a US$3.5 billion office, residential, hotel and retail project in downtown Chicago, including a 120-storey tower thatBloomberg - 423 words
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Article, Illustration767 2011-07-23 35 Bloomberg New York HOME prices in New York’s Hamptons, the Long Island resort towns favoured by summering Manhattanites, rose 4.2 per cent in the second quarter from a year earlier as buyers opted for more expensive beach properties. The median price ofBloomberg; BLOOMBERG - 767 words
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Page 31 Advertisements
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Advertisement27 2011-07-23 31 This monthly column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg27 words
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Page 35 Advertisements
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Advertisement66 2011-07-23 35 PRIME ORCHARD AREA COMMERCIAL SPACE *Interior rendering For illustration only nomu Handy Road avant-garde double-storey commercial space contemporary architecture by multi-award winning WOHA wide street frontage, opposite Dhoby Ghaut MRT sale/lease freehold 588 sm (6,329 sf) exclusive, private lift lobby, parking, alfresco landscaped terraces ideal for all commercial uses retail/showroom/exquisite66 words
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Page 36 Advertisements
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Advertisement27 2011-07-23 36 iUDEMARS PlGUET Le maitre de Vhorlogerie depuis 1875 DARREN CLARKE WINNER DF THE ED11 PEN CHAMPIDN5HIF y f oarro ■O t pfiOP V MiBATyLATOlffli N YOUR VICTDRY!27 words
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Page 1 Advertisements
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Advertisement64 2011-07-23 1 LivingTHEBUSINESSTIMESWEEKEND|JULY23-*****1BTTHE BUSINESS TIMES WEEKEND JULY 23-24 2011 DINING Italians in your neighbourhood L6-7 GREAT DANES The timeless appeal of Danish furniture design WELLNESS Asian spa haven L10-11 SERIES 7 CHAIR BY ARNE JACOBSEN FOR FRITZ HANSEN SPACE HEALTH Calcium and your heart L14 TRAVEL Shanghai's changing food scene L8-9 BT64 words
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BT Living
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DESIGN
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Article, Illustration1700 2011-07-23 2 / 3 Clarissa Tan - Danish furniture, known for its clean and classic designs, remains coolly unperturbed in our change-obsessed, consumerist world. By Clarissa Tan world.By Clarissa Tan btnews@sph.com.sg DENMARK is a flat country, as its citizens will tell you mat-ter-of-factly. From Jutland to Zealand, across its many islands, the land unfolds likeALL PHOTOS COURTESY OF SPACE - 1,700 words
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Article, Illustration471 2011-07-23 4 / 5 Clarissa Tan - By Clarissa Tan btnews@sph.com.sg OLE Jensen is sitting on a pink toilet bowl of his own design. It’s not a fully-functional toilet,yet you can seethat it doesn’t reallyconnect toa cistern, let alone a drainage pipe but it’s very clearly a lavatory fixture, and its twisty siphon reflectsPHOTOS: CLARISSA TAN (PORTRAIT); OLE JENSEN (POTTERY) - 471 words
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DINING
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Article, Illustration1713 2011-07-23 6 / 7 Geoffrey Eu - Three new eateries are serving up an authentic Italian dining experience where you least expect it. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg THE search for a neighbourhood restaurant to call your own is nev-er-ending, but Singapore’s F&B scene has never been more vibrantJOHN HENG - 1,713 words
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TRAVEL
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Article, Illustration1477 2011-07-23 8 / 9 Koh Yuen Lin - The expat-dominated French Concession is now a testbed for Shanghainese F&B entrepreneurs with fresh food concepts. By Koh Yuen Lin concepts.By Koh Yuen Lin btnews@sph.com.sg IT MAY have severed its links with France more than 50 years ago, but there’s no mistaking the traits that make Shanghai’s French1,477 words
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WELLNESS
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Asian spa haven
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Article, Illustration556 2011-07-23 10 / 11 Jaime Ee - BT Weekend gets the rubdown on why three top Asian spa brands are getting their feet wet in Singapore By Jaime Ee Banyan Tree Spa Marina Bay Sands, 55th Floor, Tower 1, 10 Bayfront Avenue Z6688-8825 www.banyantreespa.com THE brand is Singaporean but it made its556 words
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Article, Illustration519 2011-07-23 10 / 11 Melissa Lwee-Ramsay - By Melissa Lwee-Ramsay THANN Sanctuary Hotel Fort Canning, 11 Canning Walk Z6336-4001 wecare@harnnthann-sg.com WHEN you’re thick in the hustle and bustle of Orchard Road, it’s hard to imagine that just a short drive away, an oasis of calm exists. In nearby Hotel Fort Canning, the519 words
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Article, Illustration408 2011-07-23 10 / 11 Melissa Lwee-Ramsay - By Melissa Lwee-Ramsay mellwee@sph.com.sg The Spa at Mandarin Oriental, Singapore Mandarin Oriental Singapore, Level 5, 5 Raffles Avenue Z 6885-3533 IT used to be that when you wanted a massage by a Traditional Chinese Medicine (TCM) practitioner, you would have to sacrifice aRENDERING: AB CONCEPT - 408 words
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Article, Illustration321 2011-07-23 10 / 11 Jaime Ee - By Jaime Ee jaime@sph.com.sg YOU’VE heard of French manicures, but when you sign up for a mani-pedi at St RegisSingapore’s Remede Spa, you literally get one as in French manicurist. Steve Desobeau would stand out in Singapore’s nail salon scene for his appearance as321 words
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BEAUTY
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Article, Illustration918 2011-07-23 12 Jaime Ee - Exilis is the latest buzzword in non-invasive body-shaping and facial skin tightening. By Jaime Ee By Jaime Ee jaime@sph.com.sg FOR the aesthetically conscious, the search for the ultimate non-invasive face or body treatment is pretty much like Trinity’s search for Neo in The Matrix who,918 words
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GADGETS
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Article, Illustration799 2011-07-23 13 Christopher Lim - These latest in-ear headphones raise the bar for convenient music enjoyment anywhere. By Christopher Lim limchris@sph.com.sg Monster Harajuku Lovers Super Kawaii Style ($99) IF you want in-ear headphones to double as fashion accessories, Monster should be one of your first stops. After all, both generations799 words
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HEALTH
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Article, Illustration1115 2011-07-23 14 Michael Lim - Are calcium supplements harming your heart more than they are benefiting your bones? Recent studies have thrown up some disturbing findings. By Michael Lim By Michael Lim btnews@sph.com.sg WHEN we watch TV, listen to the radio, or visit supermarkets and pharmacies, we are almost certainly assailed by advertisementsSTOCK.XCHNG - 1,115 words
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SPORT
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Article, Illustration623 2011-07-23 15 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THE stakes could not be any higher than this. As if a Singapore-Malaysia football match weren’t hot enough already, the added spice of this being a two-legged World Cup 2014 qualifying match has upped theFILE PHOTO - 623 words
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554 2011-07-23 15 steve dawson - kick off with steve dawson steve dawson EVEN as the United States economy is on the verge of falling to its knees, two of its three major sports seem poised to follow suit. With its scheduled pre-season fixtures imminent, the National Football League (NFL)554 words
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BT CORPORATE GOLF LEAGUE 2011
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Article, Illustration712 2011-07-23 16 Justine Moss - Defending champions OAAG make a fine beginning with a first-round total of 103. By Justine Moss btnews@sph.com.sg IT was a dream start to the Business Times Corporate Golf League for defending champions OAAG with their “dream team”line-upscoring103tofin-ish two points in front of sec-ond-placed “The Seagulls” fromYEN MENG JIIN - 712 words
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Article, Illustration473 2011-07-23 17 Justine Moss - By Justine Moss TEAM Audi, which finished sixth in last year’s Business Times Corporate Golf League, is once again teeing it up as a team and returning as a hole-in-one sponsor. However, this year they are taking on the additional role of Title Presenter. “We want to473 words
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Article, Illustration192 2011-07-23 17 DATES OF GAMES Friday, Aug 12 Singapore Island Country Club's New Course Friday, Aug 26 Laguna National Golf Country Club's Masters Course Friday, Sept 16 Seletar Country Club's Seletar Course Friday, Sept 30 Raffles Country Club's Palm Course Tuesday, Oct 18 Sentosa Golf192 words
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Article, Illustration442 2011-07-23 17 Justine Moss - By Justine Moss LEAGUE debutants Horizon Yachts Pte Ltdmadeasolid starttothisyear’s tournament with a total of 93 10 behind OAAG which has the team in sixth position on the table. Team captain Annie Lin, who is the managing director of Horizon Yachts, is thrilled to be part of442 words
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MOTORING
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Article, Illustration812 2011-07-23 18/19 Samuel Ee - Get ready to be bitten by The Love Bug all over again when the third-generation Volkswagen Beetle arrives in Singapore early next year. By Samuel Ee By Samuel Ee THE vase is gone and the profile is now closer to that of the iconic original. The third-generation812 words
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Article, Illustration588 2011-07-23 18/19 Samuel Ee - By Samuel Ee samuelee@sph.com.sg The original Beetle AFTER more than 70 years, one of the most recognisable cars in history will finally get a badge with its name on its bootlid. And perhaps to make up for all that lost time, there won’t be just one common badge but588 words
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Article, Illustration779 2011-07-23 20 Samuel Ee - The Phantom has become even quieter, thanks to an experimental quest to find alternative drivetrains. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IS it possible for a Rolls-Royce Phantom to be even quieter? The answer is yes, if it’s electric. This large Rolls-Royce limousine with its 6.75-litre V12779 words
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Page 4 / 5 Advertisements
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Advertisement937 2011-07-23 4 / 5 wine&dine with BTWeekend Triple Three Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Named after the address of the hotel, Triple Three showcases a sumptuous international buffet spread with over 128 culinary delights and 10 live cooking stations. In addition to the freshest sashimi and sushi, tempura and teppanyaki specials, Triple937 words
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Page 6 / 7 Advertisements
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Advertisement30 2011-07-23 6 / 7 MATS CLASSIFIED Time to fix that leak! To inc out more 'turn to CLASS 118 in I CATS Classified in The Straits Times now. BUY IT• SELL IT• FIND IT30 words
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